The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
HUNT’S
MERCHANTS’
MAGAZINE,
S W je je It I tj
REPRESENTING
THE
INDUSTRIAL AND
COMMERCIAL
INTERESTS, OF THE UNITED STATES
| Entered, acoordlng to aot of Congress, In the year 1883, by Wm. B. Dana & Co., In the office of the Librarian of Congress,
Washington, D. C.J
VOL. 36.
SATURDAY, MARCH 24, 1883.
NO. 926.
CONTENT8.
being reduced to about 18 millions on 50 millions capital,
having been further reduced until now the
holdings are only about 17 millions on same capital. Thus
the opinion prevailing among banks in this
city finds clear
expression in their taking or keeping out so much less
THE BANKERS’ GAZETTE.
Of course they
Money Market, Foreign Ex¬
Quotations of Stocks and Bonds 335 currency than they are entitled to.
change, U.S. Securities, State
Railroad Earnings and Bank
have
not
and
heedlessly thrown away an evident profit; they
Railroad Bonds
and
Returns
336
Stocks
333 National Bauk Returns
337
act as they think is best for the interests of their trust.
Range in Prices at the N. Y.
Investments, and State, City
Stock Exchange
334
and Corporation Finances..
338
These, however, are results under the laws as they stood
THE COMMERCIAL TIMES.
Commercial Epitome
341 I Breadstufts
previous to the late repeal of the tax on bank capital.
347
Cotton
34l| Dry Goods
318
The naked figures then showed, with interest at 6
per cent,
a small
profit on circulation; but the risk of losing a part
of the premium on the bond, also the
disadvantage of
The Commercial and Financial Chronicle is
published in having the capital which covered all of the premium and
New York every
THE CHRONICLE.
Withdrawal of Bank Circula¬
St. Paul’s Floating Debt
329
tion..
323
Monetary
and
Commercial
The Financial Situation
324
English News
330
The Wabash System
327 Commercial and Miscellaneous
Retaliatory Legislation Illus¬
News
331
trated
328
and since then
3SIxe dxt’auidc.
Saturday morning.
i Entered at the Post Office, New York, N. Y.,
as
TERMS OF SUBSCRIPT.'ON-PAYABLE
For One Year (including
postage)
For Six Months
do
,
second-class mail matter.)
IN
ADVANCE*
$10 20.
6 10.
Annual subscription in London (including
postage)
&2 7s.
Six mo8.
do
do
do
1 8s.
Subscriptions will be oontlnued until ordered stopped by a written
order, or at the publication office. The Publishers cannot be responsible
for Remittances unless made by Drafts or Post-Office
Money Orders.
WILLIAM B. DANA. )
WILLIAM B. DANA & GO., Publishers,
ten per
cent of the bond locked up from active use, and
the little extra expenses incidental to circulation which
•cannot be precisely measured, made
up in the
judgment
of
bauk managers, more than enough of loss and risk
to balance any such apparent gain from the investment.
our
To
show, however, how the
stands to-day, let us take
3 per cent bonds cost¬
j
79 & 81 William Street, NEW YORK.
Post Office Box 958.
ing the bank say 104. On the bonds the Government
allows
an issue of 90 per cent of their face in
On page 337 will be found the detailed returns,
notes, and
by States, of
the National Banks, under the
Comptroller’s call of December pays, of course, 3 per cent interest to the bank. The
30, kindly furnished us by Mr. Knox. Previous returns were
item^iven, in the statement below, of $81 cost of redemp¬
published, those for October 3 in the Chronicle of November tion of notes at
Washington, we take from Comptroller
18, page 588, those for July 1 in the issue of August 19,
page Knox’s evidence before the Finance Committee in
JOHN Q. FLOYD.
ca3e
illustration circulation issued
as
on
January
1881, when the bill for refunding the national debt was
before
the Senate.
The Comptroller then stated that
WITHDRAWAL OF BANK CIRCULATION.
Our remarks last week with
regard to the tax remission during a period of five years the average cost of the total
•on bank
capital and its effect upon bank circulation and redemptions of national bank notes had been “ about nine
one hundredths of 1
•upon the demand for Government bonds, have elicited one
per cent, or $81 a year for a bank
or two
suggestions which make a return to the subject “with $90,000 circulation.” The account then for an
desirable. No one questions the correctness or importance organization with $90,000 circulation would stand as
of the point we
made, to the effect that the repeal in follows,—current interest being at G per cent.
Interest receipts, with interest 6 per cent
question takes off one-half per cent from the profit hereto¬
Bank invests $101,000 and gets $100,000 of 3 per cents—annual
fore
inuring to bank-note circulation. The only inquiries interest received on bonds
$3,000
that have been made, relate to the
$90,000
position this change Ob'ains on these bonds in circulation
Less tlio 5 per cent redemption fund
4,500
leaves the bank
in—(1) with reference to the profitableness
The bank,therefore, also makes 6 per cent interest on. $85,500—5,130
of its
circulation, and (2) with reference to the impedi¬
Total interest received by bank on bonds and circulation
ments in the
$8,130
way of retiring bank notes.
210.
“
—
Last week
there
we
rather assumed than demonstrated that
was now no
profit left in taking out circulation. It
is very difficult to measure in exact
figures the entire cost
of national notes.
Among the majority of New York
banks it lias been felt, for two or three
years, that, situated
as
they are, there was not enough money in it for the
risks assumed; and since the latest rise in the value of
bonds consequent upon or
3 per
following the conversions into
a more decided, active feeling,
on the
30th of December, 1882,
cents, this has become
•the total circulation held
JDeduct
for losses and expenses—
circulation, 1 percent
Cost of making redemptions
Annual average loss of premium on bonOs
Tax
on
Total losses and expenses to be
deducted
$900
81
1,000
$1,931—1,931
Leaving the net annual result on investment of $104,000
$0,149
$104,000 bad been kept by bank and loaned at 0 per cent
If the
it would have realized
$0,240
Bank, therefore, actually loses annually by taking out circulation
$91
The 4s bought at; 120 v-mid v,o‘ $110 annual pr< lit on every
$90,000 of cireula! ion taken oat, reckoned on the basis of a G per cent
market—on a 7 per cent market the loss would be $229 on
every $90,000
of circulation, and this loss i ureases as the interest rate vires.
i
THE
324
This statement shows
a
CHRONICLE
clear net loss to the bank of
$90,090 of circulation it takes
out on three per cent bonds costing 104.
If the three
per cents are redeemed in three years—and is it not
probable that they all will be ?—$333 more must be
^marked off every twelve months, making the annual loss
$424. Then again if the investment is made at a place
where the bank can secure 7 or 8 or 9 per cent on its
money loaned, the loss is much greater—the amount of loss
increasing as the rate of interest rises. For instance, if
the ruling rate of interest be 7 per cent, the annml deficit
$91
a
year on
every
[VOL. JlAXVL
be made without prejudice to the United
may” in this section is to bo
interpreted as meaning “shall” (as might be urged, since
it is a privilege granted by statute) the bonds as called
could be purchased and substituted at Washington and
the three million limit per month exceeded to the amount
of the calls.
Still, if withdrawals should become active
so as to exceed the limit materially, we very much doubt
whether the Comptroller would interpret this section so as
‘‘'exchange
States.”
“
can
If the word “
facilitate such
There is
a
one
movement.
other section
.
!
under which the process of
be carried on, and that is .section 6 of
July 12. That provides for
four years, would be $270, and if redeemed in three years
it would be $609.
Furthermore, in the above, there is no the redemption of the notes of extended banks and is not
note taken of the many little expenses and loss of interest probably affected by section 9 of the same act which enacts
to the bank in managing and continuing bank currency the three million limit. Still, from the examination we have
and-its redemption; nor is any allowance made for the been able to give it, there does not appear to be in
decrease in the power and ability of the bank to attract section 6 any provision for withdrawing bank currency
and do business, through the fact of its having in every except as redeemed in the ordinary way, until at
$104,000 of its capital $19,500 ($10,000 being the 10 per the end of three years from date of the reorganization,
cent of the lace of the bonds for which currency is not when the old notes still unredeemed must all be provided
in the circulation account in case the bond
is redeemed in
retiring notes
the
Bank
can
Extension Act of
and for. If the extended banks did not desire new notes in
kept place of the old ones as they are redeemed, or in place of
the amount remaining unredeemed at the end of the three
at Washington) locked up in a permanent investment and
not responsive to the
wants of customers. This is a years, there seems to be nothing in the act requiring them
to take them.
As to the case of charters expiring in the
very important consideration to a bank officer, for in the
issued, $4,000 being the premium paid on the bonds,
$4,500 the 5 per cent redemption fund always to be
available funds the bank has to loan, lies the chief source
future, the inquiry has little interest, as there are none,
which draws depositors, and therefore we believe, terminating hereafter until 1881. On the 25th
day of February there were 297 banks, covering 71*
secures the profits to banking business.
But enough has been said, we think, to make it very millions capital and 53J millions circulation, which ex¬
plain that, at the present price of bonds, there is now not pired and were, we suppose, all extended,
only no profit, but an actual loss, in taking out circulation.
THE FINANCIAL SITUATION.
There remains but one other question about which we
With the exception of a very close money market, the
have had inquiry, and that is with reference to the rapidity
of
the
power
with which national notes can
be withdrawn from circula¬
continued lack of rain in California, and a cold wave
passed over the northern half of the country
disposition to do it existed. The
attended in many sections with snow, the developments
limitation put. upon the absolute freedom which hitherto
existed in this particular, is found in the ninth section of during the week have all been favorable to a growth in
which has
tion, iu case a general
the Bank Extension act
of last Jul}r, where after eontinu--
ing the power granted by section 4 of the Act of June 20,
1874, to withdraw circulating notes, it enacts as follows:
millions of dollars of lawful
money shall he deposited during any calendar month for this purpose;
And provided further, That the provisions of this section shall not
apply to bonds called for redemption by tlic Secretary of tin-. Treasury,
nor to the withdrawal of circulating notes in consequence thereof.”
“
“
“
“
Prodded, That not nunc than three
It will be
4 of the
seen
that this section limits action under section
Act of June 20, 1874, to
the depositing of three
month, except in the case of withdrawals under
called bonds.
The first question that arises then is, to
what extent can this limit be exceeded under the exception
millions
a
mentioned, if the disposition existed to make use of the
privilege it allows ? Of course, so far as the banks now
hold called bonds or those liable to be speedily called, this
power is not open to any doubt.
rof March they held about 1 LJ
AVe see that on the first
enterprise and activity. At the moment there
be some question whether winter wheat has not
harmed in limited districts of the Northwest by the
business
seems
been
to
and apparently a well-grounded -fear
yield on the Pacific coast will be shortened by
drought. Still, a few days’of seasonable weather in the
one case
and of rain in the other, may wholly remove
these apprehensions, and if sc the early crop outlook will
be unusually promising.
Of course the stringency in money, the rate averaging
probably about ten per cent during the week, has been a
check to enterprise, and a strain on needy borrowers. But
this is merely a temporary inconvenience, and likely from
this time to grow less severe.
On Monday the Treasury
Department will anticipate the payment of the April in¬
low
that
temperature,
the
■
terest without rebate.
This interest amounts to $7,389,-
millions of extended 3Js, 713 50, as we stated last week, and its prepayment is
and to that extent, therefore, if they desire to do so, they likely to result in the immediate disbursement of more
money than could be expected by anticipating the raa.
can probably soon have an opportunity to act under the
turity of the bond call. Besides the promise of that
proviso.
amount,
there has already been received from Europe
But hitherto there has been another way in which the
same end.could be reached, and the circulation
retired to during the week $3,168,790 gold, two-thirds of which wTas
the'full amount of each call if the need aros-\
That is, ; in American coin, and therefore became immediately
!
by acting under regulations of the Treasury Department available on arrival ; and by to-day the whole of the
made pursuant to section 5,167 of the Revised Statutes, week?s imports will be in bank, the last payment for the
which provides that “ the Comptroller upon the terms gold bars having been made by the Assay Office yester¬
prescribed by the Secretary of the Treasury, may permit day. Added to these receipts wre have had at least
$500,000 arrive from California, with more expected
an exchange to be made of any of the bonds deposited
in
a few days from that source, and
with the Treasurer by any association, for other bonds of
other arrivals from
the United States authorized to be received as security near-by cities attracted hither by the high rates paid,
for circulating notes, if he is of opinion that such while at the same time, and as a result in •part*ofithe same
“
“
“
“
March 24,
THE CHRONICLE.
1883.J
there is a partial check in the flow of currency
westward. Altogether then, it would seem probable that
with such gains in lawful money, with further anticipated
arrivals from Europe and with less going to the interior,
a turn
in the monetary 'condition had been reached.
A disposition has existed to charge this flurry in money
to artificial causes, one party claiming it to. be due mainly
to manipulation, the operators hoping thereby unfavorably
to affect the stock speculation ;
and the other party
cause,
It
325
the unnatural
was
of money
in the winter months
produced by the excessive disbursements of the Treasury
then, that has made the disturbance now. The complaint
should be, if any is made, that the
Department does not
determine definitely what balance it needs, and as near as
possible always keeps that and no more. Excessive dis¬
bursements at any period are
just as misleading and dis¬
turbing to business interests as the unexpected locking-up of
money is at a subsequent period.
In fact the former
ease
charging it to an arbitrary locking up of money necessitates the latter. We have no doubt the Secretary
the
Treasury.
With regard to the former, will do all within his power to relievo the money market
while advantage lias very likely been taken by a few and his order
directing the prepayment of interest was
operators for a decline of the low reserves of the banks— the wisest provision that could be made to meet the
as for instance
on Thursday afternoon, when rates were
present emergency. Perhaps after the first of April, when
marked up to ’ of 1 per cent commission and interest, on he obtains a cleared idea of the demands he
must provide
the discovery that one or two large borrowers had for and the
changes in the revenue likely to result from the
neglected to obtain a supply earlier—yet such move¬ late legislation, the bond call due in May will be antici¬
been
ments
have
mero
incidents
of the situation, pated.
We see that the Commissioner of Internal Rev¬
not
in any sense
the cause. If the reader has enue states that the receipts from July 1, 1SS2, to March
followed
our
record
of
the
flow
of
currency 21, 1883, exceed the receipts of the corresponding period
from week to week since the first of
February, and has of last year by $2,200,000 ; he also estimates that the
kept in mind the fact we brought out last January, that our receipts for the current fiscal year, if there had been no
easy money then was only in consequence of the remark¬ reduction in taxation, would have amounted to
$148,625,ably low figure to which the Treasury permitted its 000, but that the changes in the revenue laws will cause a
balance to be drawn down at that date, the
problem will reduction of $5,000,000, making the total estimated
be easily solved, and we shall find les3 cause to blame the
receipts for the current fiscal year, $143,625,000.
In foreign exchange there was an advance in the
Treasury Department now. To show, what the banks
rates
have lost in lawful
on
money we give the principal items in
Monda}r by one of the drawers of bills, but the move¬
their return on the 27th of
ment
was not
January when the reserve
general, and under the influence of active
was at the
highest, comparing them with last Saturday, money and a very limited demand, they were reduced
the date of greatest depression.
again on Wednesday, being now at the lowest points of
the year, both for
sterling and francs. There seems to be
ToVl Lawful
1983.
Is
Altccic.
Li'jal Tenders.
Money lies're
scarcely any inquiry from merchants. The demand is
January 27
$31(3,905,400
$63,937,700
$23,351,400
$87,289,100
chiefly to cover gol i importations, while the supply is a
March 17
319,672,000
48,551,900
17,081,100
65,633,000
little more liberal,
Increase
particularly of commercial bills.
$
$2,700,600
$
$
Decrease
15,385,800
6,270,300
Bankers
admit
that
the
21,656,100
trade movement now justifies low
Here we have a loss since
January 27 of $15,385,800 exchange, though the indications are that the figures of
specie and $G,270,300 legal tenders, making a total loss the Bureau of Statistics for February will show a balance
of $21,650,100.
Our weekly record of the interior move¬ of less than ten million dollars in our favor. This esti¬
in
.
tans.
shows
ment
that
the
drain
to the
West has
mate
reached
nearly 8 millions and the Treasury operations have ab¬
sorbed about 12 millions,
making 20 millions out of the
total
loss
base
we
on
the breadstuffs
and
issued this
provisions figures
week, and on our own table of cotton exports.
To give our readers the results as to
breadstuffs, we have
of
$21,656,100 cash reported above.
This prepared the following summary for three years.
be a sufficient answer to the
charge that the extorts or hreadstfifs for February, and for the first ejoht
MONTHS OF THREE FISCAL YEARS.
stringent money market has been due to manipulation.
These facts indicate however, as is
188 2-83.
1881-32.
undoubtedly true,
18S0 81.
that money would not have been active unless
Secretary
February. 8 Months. February. 8 Months. February. 8 Months.
Folger had increased his available balance. But was it Quantities.
to
seems
1
not
very necessary he should increase that balance ?
We
showed in January that it had run down lower than
it
had ever been allowed to stand
before, being only
about
111-J millions on the first of’January, 122} millions on the
first of
February, and 129 millions on the first of March,
against 137 millions, 140.} millions, and 153 millions on the
first of the
same
statement since
column
three
months
January
a
of 1S82.
year ago
is
as
The
monthly
follows, the last
Bonds
Date.
Bal¬
ance.
January
3, 1882..
$115.112,3 10
rebruary 1, 1882.
March 1, ls82
April 1, 1882
May 1, 1832
Jane 1, 1832....
....
h
July 1,1832
111 077,1.
1 T'3,024,2
8
i 1)
i
Actual
Bedcemed
but not
A vail able
Matured.
Balance.
*3,073,174
*137,033.842
040,2M3
1 10.430,885
152,91 0 92 5
107,29‘J
147.334,183
142,208,881
138,319,5(37
119,583,0(35
121,512,719
139,507,283
147,334,183
142,208,881
138,319,507
119,583.0(35
August 1. 1882
September 1,1882.
October 1, 1882
November 1, 1882.
December 1, 1882
134,979.472
148,530,510
12,895,372
155,704,902
135,(335,144
29,800,530
125,901,300
January 2. 1833...
February 1, 1883..
140,907,825;
28,721,531
IS, 703,848
111,403.911
122,203,977
128,914,472
.
March 1. 1883
128,914,4721
5,666,035
Wht-fl’r.bbls.
902,633
Tot. in bush.
Values.
5,318,183
526,499
72,049,698
9,727,89.3 11(5,974,870
7,037,428
89,390,330
$
Wli’t & flour
Corn & meal.
.
as,300,407
6,372,103
-
Rye
121,512,719
0,527,232
f
.
139,507,288
128,152,240
$
Oat?
14,385
115,101
Barley .......
14,000
203,922
Total value..
45,773,009
This is
a
** CO
3,853474
$
11.859,1(32 137.230,592
3,814.618 11,191,998
69,944
689,529
very
affords with the
showing the available balance.
Xominal
Wheat.. .bu.
r-H
M
$
9,84<>;0/5 109,677,476
1,749,908 24,777,513
65,028
012,108
15,178
204,739
3,784
124,796
11,175,193 135,296.032
7,650,182 107,079,357
55^99
5,307,432
10,14$£78 130,962,801
$
$
11,334,081 147,728,397
2,889,799 32,551,508
181,493
9,028
4,645
1,507,008
120,081
521,042
13,919,046 182,429,62
satisfactory exhibit in the comparison it
movement
for the
same
months in
pre¬
vious years.
But it shows a total in February somewhat
less in value than in January, while cotton in
February also
shows about I t million dollars less than in
January, and
provisions and pe'roleum together probably at least one and
three quarter millions less, making
a total loss m exports
compared with January—unless there is some increase in
the miscellaneous items—of about
15} millions. Most likely
there was also a small falling off in the imports, but we do
not see how the
February trade balance can reach 10
million dollars.
Now, however, that the prices of breadstuffs and provisions have declined, a freer movement to
THE CHRONICLE.
326
fVoL. XXXVi.
==3
—
—
•
foreign ports has set in and the March balance is likely
to be more satisfactory.
The result of the revival of
shipments is seen in the increasing supply of com¬
mercial bills and in the opinions expressed by leading
fidence in
management, however, is getting to be a more
problem of future prices than some
are
ready to admit. While earning3 can be and are
turned on or off a given road at will, and the whole condi¬
bankers that
with
easier
for
even
rates
money, tion made gloomy or glowing at the bidding of the
exchange would now warrant the shipment of gold. operator behind the scenes, the lambs may purchase, but
It appears that the Bank of England has been content to men who do not keep money to lose will not.
advance the price of bars to a point which compels a
Eor honestly managed roads, the future to us looks
serious element in the
double
eagles, and that this is the only effort extremely hopeful. Mark the excellent exhibits now
At current being made
thus far made to check the movement hither.
for 1882, very many of them proving so much
rates for sterling, there is a good profit in bringing Ameri¬ better than anticipated. The
Chicago Burlington & Quincy
can coin out, provided importers choose to take the risk of
is a good illustration of this class.
Its lines had been ex¬
-easier money here on its arrival; but they may avoid this un¬ tended very rapidly, its debt and stock heavily
increased,
certainty by buying in advance, at sufficiently low rates, bills and as a consequence it was feared that its showing might
with which to cover the importations.
As already stated, be unsatisfactory, while its enemies claimed it would have
the arrivals of gold since the IGtli, inclusive, have amounted to suspend or reduce its dividends.
We have this week,
to about $3,168,790.
Of this, however, about $200,000 however, been furnished with an abstract of the income
will not appear in this week’s bank statement.
The New account for 18S2 (given in full in our railroad columns)
York Clearing-House banks, according to reports collected which shows how erroneous such views were.
We
by us, have received from and shipped to the interior, gold find that notwithstanding the company paid over
and legal tenders as follows the past week.
five
millions
($5,023,599) for dividends, $3,883,789
resort to
for
Week Ending March
Received by
24, 1883.
1
fhirreney
W. 1”.
gold and legal tenders
N.Y. Banks.
Net Interior
Movement.
$1,170,000
$ 1,283.000
Loss.$113,000
70,000
345,000
Loss. 275,000
$1,210,000
$1,028,000
Loss.$388,000
Gold
Total
inks.
Shipped by
The above shows the actual
changes in the bank hold¬
ings of gold and legal tenders caused by this movement to
In addition to that movement
and from the interior.
our
interest, $615/622 for taxes, $148,772 for rentals, and
carried $750,000 over to renewal fund, besides providing
$631,442 for sinking funds, it had remaining a balance to
surplus income account on the year’s operations
of $1,611,463.
It is without doubt true that the company
having increased its stock and debt, it will have to pay
out more for dividends, &c., in the present year than in
1882; but taking the'funded liabilities as outstanding
January 1, 1883, no additional increase on account of
interest will be entailed in 1S83.
Dividends on stock,
however, though they increased from $4,349,286 in 1881,
to $5,023,599 in 1882, will require $550,000 additional to
maintain 8 per cent on the present amount of stock, and to
credit of
City banks have also lost $ 1,924,53G by the operations of
Sub-Treasury, and have gained by the imports of
gold, $2,968,790. Adding these items therefore to the
above, we have the following, which should indicate the
net gain to the New York Clearing-House banks of gold
meet it on the
and legal tenders for the week covered by the bank
$1,61.1,463 as
statement to be issued to day.
the
basis of 1 S82’s results there is
we
allowance for
Week Ending March 21,
Into Bunks.
1883.
of Banks
Net
Change in
Holdings.
B red:
Hanks’ Interior Movement, as ubovt
$1,210,000
$ 1,028,000
1,924,53 5
Sub-Treasury operations, net
2,008,790
Imports of gold
Total
(Jut
gold and legal tenders....
Loss.
$388,000
Loss. 1,924,530
Gain. 2,908,790
Gain.
$4,208,790
$056,254
$430,000 gold on account
balance of
have seen. ‘ This result is without any
development of its business the current
months.
twelve
trading in securities between London and New
York, there can be very little of it dene while the
exchanges remain as they now are and prices continue
As to
here
with
so
start a
little
fluctuation.
A considerable decline
for them, or an advance might
As it is, there is nothing
movement from London.
would create
The Bank of America received
a
a
a
demand
during the week, all of which came doing. The following shows relative prices in London and
Europe, and paid out $625,000 in small lots for use New York at the opening each day for leading properties.
by city banks.
The high rates for money have served pretty effectually
Mar. 21.
Mar. 20
Mar. 22.
Mar. 19.
Mar. 23.
to curtail business at the Stock Exchange this week.
The
Lond'n N.Y. Lond'n N.Y. Lond'n N.Y. Lond'n N.Y.
leaders have managed to check any decline, even in the face
prices* prices. prices* prices. prices.* prices. prices.* prices.
of the associated banks
from
'
of
of the specialties have been
advanced.
On Wednesday and Thursday there was a
very decided upward movement in the Northern Pacifies,
periodical raids, and
and
on
the
some
last-named
day the tone
was
strong in the
U.8.4s,c. 118-941:
ll.3.3%s
103 19
3742
Haie
120
119-06$
103%
37%
95 U
103-44
37 30
con.
90-90
Ill. Cent.
144-38
144
144-62
N. Y. C..
125-97
26 761
125%
53%
25%
101%
125 97
Reading
Ont.W’n
2d
DO U0
28-611
120% 118-82*
103% 103-09
3702
37%
00%
141%
125%
53%
25%
101%
120
118-70*
119%
103
102-85
103
30%
3726
9080
90
96-80
144-23
14*1
144*71
125-59
125%
52%
25%
101%
12V84
20-49 •
26-741
!
-
37%
96
U4%
125%
53
c?
c
w
morning in the expectation of easier money and relief
20T0
20 16
25-89
25-77
25%
101-03
10222
10139
10164
St.
Paul
101%
from the Treasury, but in the afternoon unfavorable dis¬
patches from Washington and active money made an un¬ Kxcli’ge
4-84U
4-84
bles
4-84
4-84%
settled market at the close.
Yesterday was a holiday at the
Expressed in their New York equivalent.
\ Ex interest,
i Reading on basis of $30, par value.
Exchange. It is evident that the leaders have devoted their
The Bank of England rate of discount remains un¬
attention almost exclusively to the business of holding the
market where it is, hoping that as money becomes easier changed at 3 per cent.
The Bank'lost £67,000 bullion
there will be some outside support, being encouraged in their during the w$ek and gained £17,000 on Thursday.
The
hope by the satisfactory increase in railroad warnings, the proportion of reserve to liabilities was reduced lg- per
large surplus of old crops still remaining to be marketed, cent. The return of the Bank of France shows an in¬
the fairly favorable outlook for winter grain, and the im¬ crease of 2,400,000 francs gold and a decrease of 5,975,000
proving business prospects. With such influences operat¬ francs silver. The Bank of Germany, since last report,
ing, if the public had full confidence tiiat the roads would has gained 2;560,000 marks. The following indicates the
be fairly and honestly managed, there could be very little amount of bullion in the principal European banks thisquestion as to the future of the market. This loss of con- week and at the corresponding date last year,
ca
*
Mabch 24,
THE
1683.J
March 22, 1983.
,
Gold.
£
Bank of England...
Bank of France
Bank of Germany..
Total this week.....3
Total previous week
...
—
Silver.
CHRONICLE.
March 2 3, 1882.
inconsiderable
Quid.
lines have increased its burdens it is
£
£
Silver.
£
j
70.420,041 60,421.374 '05,101,175 00.984.982
104.155, 115 50.711 13(5
70.354.5)72 00,532,938!
Office has paid through the Sub-Treasury $ 188,094 for domestic and $975,906 for foreign bullion.
The
consignment of $215,000 on Wednesday was paid for on
Friday. The Assistant Treasurer has received the follow¬
ing from the Custom House.
Oonsistinff of—
Duties.
Gold.
Mcli. 16..
$105,775 07
$21,000
TJ. S.
Gold
Silver Cer¬
Notes.
Cert if.
tificates.
$39,000 $286,000
$60,000
“
17...
15,000
287,000
19..
397,070 71
592,783 77
32,000
«
43,000
75,000
385,00°
90,000
“
20...
607,041 77
01,000
39,000
«
21...
420,314 72
44,000
32.000
432,000
286.000
74,000
53,000
a
22...
492,900 27
58,000
43,000
312,000
41,000
$259,000 $249,000 2,0:8,000
9391,000
Total
5*2.917.152 91
65 000
rIHE WABASH SYSTEM.
The Wabash
(whose pamphlet report has unexpectedly
public this week) is a corporation
anomalous in character and history.
It is situ¬
been furnished the
somewhat
ated in the heart of the country, and should, therefore, one
would think, be in position to command a good proportion
of the
weakling itself.
To show how the
new
only necessary to say
the company earned
for interest, rentals
and taxes was over 6 million
dollars; while, on the other
hand, the ordinary operating expenses were over 1LV
millions, or almost 70 per cent of the gross earnings.
The latter feature—the heavy expenses—shows another
particular in which the Wabasli system labors under
great disadvantage, owing to the heterogeneous charac¬
ter of its mileage.
It is made up of so many odd and end
pieces that the expense of operating it becomes very great,
and the difficulty is further aggravated
by the fact that
the proximity of many of the lines to main or
through
that in the calendar year 1S82, though
less than 17 millions gross, the
charge
22,021,135)0
23.900,940
39,843,801 42.537.021 i 3-4,407.229 45,705,982
7,901,250 23,883,750
7,093.000^ 21.279,000
The Assay
Date.
327
'
routes
makes
remunerative
rates
on
them
we
presume
quite frequently impossible.’ For instance, in 1882 the
average rate per ton per mile on the entire freight traffie
of the company was only 95 hundredths of one
cent, while
the Pennsylvania in a
thickly settled country and sur¬
rounded by active competitors received as much as
87£
hundredths of one cent on the lines east of
Pittsburg and
Erie, and on its New Jersey Division almost
cents a
ton a mile.
Ninety-five hundredths of a cent a ton a
mile might perhaps pay the Wabash on a
large volume of
through traffic, but it goes without saying that between
local points no such figure can at all
prove profitable; and
though this average offers no guide as to what the com¬
pany actually did receive on local traffic it indicates
clearly enough how large a portion of its tonnage is sub¬
ject to the influence of low, competitive rates. Mr. Hopkins, the Vice-President, in the present report now states
increasing traffic between the East and the West,
sharing in the business to and from the Southwest,
and in a minor degree in that of the Northwest and the
South; the territory through which it passes is very fer¬ that the effort of the management will be directed towards
tile, and all the larger companies in the district are enabled securing a gradual advance in rates. The experiment is
to make satisfactory returns to their stockholders; the a commendable one and deserves to
succeed, but its out¬
road, moreover, unites such important traffic centres as come will be watched with care.
There is, however, still another drawback with which
Omaha, Kansas City and St. Louis, with Chicago, Detroit
and Toledo.
Yet it cannot earn sufficient to cover interest a
system like the Wabash—encumbered with so many
burdensome
lines—has to contend, in addition to the
charges and rentals, let alone dividends on its stock, having
for two years now netted an annual deficit.
It is the only heavy charges for interest and rentals and the high per¬
one
among the many companies that have recently issued centage of operating expenses; it has a small income and
statements for the year 1882 whose exhibit is disappoint¬ yet can
not confine its energies to developing any one avenue
ing. Now, why does a road apparently so eligibly located of traffic, but must of necessity seek ,to develop them
make a net result so unsatisfactory ?
The answer is not 'all, with the effect of producing only a very poor or indif¬
difficult to give.
ferent result.
It is no doubt true that some of its newer
The Wabash is a conspicuous instance of the
type of lines—notably those to Chicago and Detroit—were not
roads that have been growing up of late
years, and whose able to demonstrate the full measure of their capacity in
distinguishing peculiarity is their size. The mania for 1882, because in many particulars still incomplete, and
railroad expansion—for the sake of expansion alone, and that a better
showing will probably be made in the
without regard to its ultimate effects—has
perhaps never present year by them. But the point is, that even when
shown itself in any corporation* to the extent that it has
they are complete, the company cannot give them its
in the Wabash.
The company has had a corporate exist¬ undivided attention—its entire
money and force—but
ence
(in the consolidated form) of only three years. Yet must extend its care over the whole vast system, so that
during that time it has increased its mileage from 1,578 whatever good might otherwise result is lost. The time
miles to 3.518 miles, and its debt from 35 millions to 70 will
undoubtedly arrive when all the mileage in the
millions. Road after road was added to the system, to Wabasli
system may become profitable, for the country
complete” it, and whether a particular line would entail traversed by it is as yet only in the infancy of its develop
a loss or not does not seem to have been
seriously con¬ ment, and destined to continuous growth for many years;
sidered.
Nor did the company confine itself to the but unless the road is assured of abundant
crops mean
acquisition of mere competing lines, or those that threat¬ while, this growth will prove of little avail to it, since
ened to become such, but
apparently every line that in with its heavy operating expenses, i:s high interest charges,
any way came in contact with the system—in fact, every and the low rates obtained on its
tonnage, the lines cannot
neighboring piece of road lying around loose—must be kept in proper repairs, and its treasury must remain
needs be put into the confederation and fed at its
empty. In that event, competing lines will secure the
expense. Itself but recently released from the shelter- traffic which should
go to it.
The truth of this remark
tering care of receivers—the vicissitudes through which will become apparent when we say that as yet we have had
the old Toledo Wabash & Western
passed will be remem¬ only one poor crop, that of 1881, (to which the misfortunes
bered by many of our readers—it soon became a
great of the company are chiefly ascribed), and yet its effect is
infirmary for the sick of all ages and conditions, and seen everywhere in the company’s operations and accounts.
under the strain that this
imposed is now again a not For instance, though the expenses were very heavy in 1882
besides
11
THE
'328
CHRONICLE.
(proportionately however not so heavy as in 1881, when
there was severe damage by floods) we find that of the 584
engines in the possession of the company, only 288 are
reported as being in really first-class condition, while 152
“ in fair
order, but may require slight repairs,” 117 are
running but needing repairs,” 52 are undergoing repairs,
and 26 waiting to go into shops.
Of the passenger and
freight equipment the General Superintendent can only
say that it was maintained in “ fair” condition, while by
are
fV'OL. XXXVI.
1880.
Mileage end of year.
Gross earnings
Operating expenses.
-
Net earnings.....
1881.
1882.
2,470
3.318
3,518
$12,428,112
$11,467,780
7,787,340
10,702,943
$10,851,090
11,004,752
$1,010,703
$3,074,840
33,001
$5,180,038
277,245
328,700
$ 1,67-1,364
$3,052,091
$5,515,698
$183,255
2,657,300
514,560
$1.009,079
3,447,027
037,504
$987,008
4,302,006
809.100
$3,655,184
$5,094,210
$1,019,180 Def. *$1,142,119
Def. $583,022
Other receipts.
“
the income account
of
foreign
we
see
that
the balance
paid for
use
is increasing, having been §171,000 in
1881, and now being $221,000 in 1882, indicating that
the company has to rely more and more upon foreign
equipment.
It is great satisfaction to note, though, that the mana¬
gers of the Wabash are beginning to see that in assuming
the burdens they have, they made a mistake. Mr. Hopkins
is bold enough to declare that if the events that have
hap¬
pened could have been foreseen, “the company might not,
“perhaps, have entered upon such extensive undertakings
in the way of additional roads and equipment.”
Herein
lies a great deal of encouragement for the future of
Wabash.
Once get a man to acknowledge hi3 errors and
repent, and you have put him on the high road to a suc¬
cessful career.
We may hope, therefore, that the Wabash
has done now with the policy of expansion, and will
henceforth devote itself, as best it may, to securing
good
results on the lines already in hand, and not assign
any
more df its net
earnings to intersecting or connecting
roads for the privilege of dubbing them “Wabash St.
Louis & Pacific” lines.
But it were certainly to be de¬
plored if so excellent a lesson as the case of the Wabash
affords, should be lost on other companies. There are
many railroad corporations at this moment suffering from
a similar
malady, only a milder form of it, or else are
strong enough to bear up under it. Experience clearly
demonstrates that a policy of indiscriminate expansion
always leads to disastrous results. Extensions and con¬
necting lines are necessary, and should be made or
acquired, particularly where they give access to
an
In such
important traffic centre.
case,
in¬
deed, it would be folly not to try to secure them,
“
cars
Total income
Less—
Rentals paid
Interest on debt..,.,.
Tax., rent of ears, <fce.
Total payments..
Remainder
*
This
was
Sur.
$0,098,720
increased by dividends paid upon preferred stock to a defi¬
ciency of $2,472,037.
The above
gives an intelligible exhibit of the company’s
operations for the three years that the consolidated
corporation has been in existence.
The report before us
is quite full in its details of financial results, but there is
one item in the above
showing for 1882 which we do not
quite understand. Interest on bonded debt is given at
only $4,302,006, while by the company's own statement
the amount called for per year was on February 1, 1882,
as much as $4,380,082, and is now
reported on Jan. 1, 1883,
to be $4,401,959 annually
(not including interest on the
company’s bonds held in its treasury).
The smaller total
actually charged may be accounted for by assuming that
the company had some small receipts which were con¬
sidered
as
offsets to the
interest
payments,
and
deducted, but as the figures stand they are certainly in
conflict with those given in the exhibit of its debt with
the interest
on
the
game.
RETALIATORY LEGISLATION ILLUSTRATED
The
of Hamilton
against the now defunct Knicker¬
bocker Life Insurance Company, decided by Judge
Arnoux in the Superior Court some weeks ago, gives
opportunity for exhibiting in a clear light a class of legis¬
lation known as retaliatory, of which the public takes little
note.
Mr. Hamilton took out a policy for $2,500 Jan. 21,
1873, and died in Alabama, Jan. 1, 1879. On the 12th of
February following, the Legislature of Alabama enacted a
law (particulars not stated) which was hostile to outside
insurance corporations.
On June 6, 1881, the New York
Legislature enacted a law (chap. 463, laws of 1881), the
latter
part of which we copy as a curiosity of its kind.
and endeavor to form a continuous line under one
The previous portions of the act, which we omit, specify
management. But it is no part of a company’s business
almost every species of favoritism which a State could
to seek to devour every competing,
connecting and inter¬
secting road. The Pennsylvania tried that once on a very grant its own insurance corporations, and then enacts as
extensive
case
follows.
scale, and narrowly escaped going to the wall in
Wherever,
law of any other State of the
-consequence.
The New York Central (under the old ITnired States,byit any
shall be made unlawful for any person
Commodore) and the Baltimore & Ohio pursued a more to do any of the acts or things herein before specified
within such State, for or on behalf of any insurance com¬
conservative policy—that of developing a particular line
pany not organized under the laws of such State, except upon
to a given place, and letting all the rest take care of them¬ terms and conditions, specified in said laws, more onerous than
selves—the only correct policy—and when the years of those imposed by the laws of New York in like cases, then and
in every such case no suit, proceeding or action shall be
depression came, they were in position to weather the instituted, conducted or maintained in any court of this State
storm.
It should always be remembered that with a rail¬ to recover or enforce any claim founded upon or arising under
any policy of insurance issued by any corporation organized
road, as with the frog in the fable, undue distention under the laws of this State, where the loss under such policy
shall have occurred, or tohere the person whose life was
speedily brings about a collapse.
insured thereby shall have died, within the State where any
As to the
results for the year on the Wabash, such laws as are hereinbefore specified
shall be in force
these were clearly foreshadowed in our remarks last at the time such loss or death occurred or at the time
such suit, proceeding, or action shall be brought; and when¬
week.
The net income fell $583,022 below the sum ever, in
any action now pending, or hereafter brought, in
required for interest, rentals, taxes and other annual any court of this State, any of the facts hereinbefore specified
shall be established, it shall be the duty of the court to dismiss
charges. This deficit is only about half as large as it was such action.
in the previous year, but is discouraging all the same
It is evident that the position of the widow who sued on
because net earnings were over 1^ million dollars better this
policy was one of extraordinary hardship. Her hus¬
than in that year, so that it is pretty evident that the band
having died more than a month before the enactment
ad verso feature in the late year’s results was the* heavy of the Alabama
provocative law, the company refused
augmentation that occurred in the fixed charges. As payment, as far as appears, for no reason but that the
the summary published by us last week was incomplete, plan of paying nothing which
could be avoided had been
because some of the items for 1882 could not* then le adopted by it, in the desperate ho; e of working out
of
financial troubles.
obtained, we repeat it here filled out.
The claim having dragged along—
Maiicu 24,
THE
18 3.J
whether in suit or not is not stated—for two and
CHRONICLE.
a
half
where
the Legislature of New York then passed the abovequoted retaliatory law, and the company had actually the
O ‘
29
destiny calls, without impairing rights of suit in
New York courts.
years,
This
retaliatory legislation began in tho discovery, in
plead this law as a bar and ask that the
State having few or no insurance companies, that
action be dismissed.
outside companies, which, come in “ to
carry off our
The view of the case taken by the Court was, in accord¬ money” were a neat resource for
taxes, and required close
ance with the statement of facts, that this law would be
watching. Once begun, the human nature in mankind
ex post facto, applied, as in this instance, to a policy already
retorted, and made the thing spread. Tho practice has
existing when the law was enacted. Bat the Court also been to enact general laws which impose on companies
went further, and found that this statute impairs the obli¬ of each State the same burdens
imposed in that State upon
gation of contracts by destroying the means for their outside companies ; this astonishing law goes further, and
enforcement, and that no law can be passed which impairs attempts to abolish the courts as a retaliatory measure. In
the legal remedies in existence when a contract was made, the great commercial States, at least, there should be intelli¬
such remedial laws becoming a part of the contract itself. gence enough to perceive the
elementary fact that all taxes
How far this principle is to be modified under the and restrictions, wherever laid
nominally, are really borne
Virginia bond decision of the Supreme Court is at by citizens of the State which imposes them, because a State
the moment
not clear.
But in
this
case
it was cannot go beyond its jurisdiction.
The commercial States,
also found that the expression “ shall be” necessarily which have the most
companies and pay most for insur¬
applies to any future hostile legislation, the Act of 1881 ance, have the greatest capacity for suffering in this game
being meant as a warning, ready to take effect as to any of folly ; and as New York went to the full length in the
State which thereafter furnished provocation; hence, as law discussed herein, it should
now take the lead in wholly
Alabama had not since passed any such laws, the Act of
wiping out this class of legislation.
1SS1 could not apply in the Hamilton case.
Decision was
therefore given for the policy-holder.
ST. PAULS FLOATING DEBT.
We thus see that this Act of 18S1 is loose in
phrase¬
ology as well as infamous in attempt. Whenever “any”
We give the following letter, though we do not see that it
of the facts specified is established, the court in which an makes out any better case than we did last week. Of course it
action is brought is directed to dismiss it.
Tiie presuma¬ was perfectly proper, and very desirable, for the company to
inform the stockholders just what assets the company had.
ble and probable intent was that the law was to
apply only No one has
assurance
to
some
complained of that. What we took exception to*
attempt to make certain inconvertible property an
York towards outside companies; but the word “«>*?/”
offset to a floating debt. By reading our editorial in connec¬
literally applies the law when any other State requires of tion with this letter one can readily determine how far the
outside companies “a compliance with
any conditions.” company has justified the attempt.
in retaliation
All
for
laws
more
hostile than those of New
States
impose conditions; hence, under the literal
terms of this law, the courts of New York are
prohibited
from entertaining any suit on
policies maturing without
the State, whenever that fact is
pleaded and shown in
defense.
To the Editor of the Commercial and Financial Chronicle:
■The criticisms ui;ulc in your last Dumber upon the Statement
by the Chicago Milwaukee & St. Haul
property on which loss arises
is located within an
offending State, or if the person whose
life was insured
happens to die on the soil of such State,
closed
against the claim, as
just stated, regardless of any other facts. Alabama, for
example, having offended, a claim on property situated
there is not enforceable in New
York, whether owned in
Alabama or in Maine; a citizen of Maine, New York, Ala¬
bama, or England, happening to die on Alabama soil,
though he were killed in a railway disaster while crossing
that State, suit on his
policy is debarred in New York,
because he “ died within ” the
offending State.
That
this is the intent of the law we see
by the words italicized
above, which say nothing of citizenship, and can bear no
are
You say:
“
individual is
punished for the acts of a
State; but this law strikes out so clumsily that it hits
property owners and widows any where, and may even hit
an
New York widow.
A
repeal bill has already been introduced at Albany,
but the law is dead even without
repeal and although not
yet passed upon by the court of last resort. For this is a
where the law is worse than those to whom it relates.
No insurance
company, whose promises are worth paying
money .for, would hazard its reputation by such a
plea;
hence the public can own
case
“But let
us see
how the St. Paul reaches the result that it has
floating debt except the little
that there is
bilities
It
a
property where they like, and die
oil
Dee. 31, 1382.
entirely
proper in this connection to inform the stockholders
what assets the company had that were applicable to the unfunded lia¬
was
bilities, and
a precise statement of them was submitted.
Thus the stockholders were furnished the information to which they
entitled, and upon which they could form their
Why should any one complain l
were
own
conclusions.
The statement presented
by the St. Paul Co. does not state, ns you inti¬
on Dee. 31,1882, but $334,424.” You
will timl upon reference to it that it contained no such
expression; but
that statement does show that on Dec. 31, 1832, the company had on
hand in cash—materials for which it had paid cash—cash balances due
from miscellaneous accounts and agents and from sales of laud—and
bills receivable, aggregating $0,320,078, while the unfunded liabilities
amounted to $7, 100,502, the difference between which sums was
shown to be $334,424.
mate, that it had “no
In
Note, therefore, the beauty and the rude justice of retali¬
atory legislation. Some State having enacted a discrimi¬
nating law against outside insurance companies, New York
must strike back.
The offending State having no body to
be hit, its citizens are struck
at, as though justice was
a
no
sum of $334.42 t;” ami you also say
feeling that the company has endeavored to represent
its condition in this respect to be better than it
really is.’'
On the contrary, instead of endeavoring to
represent its condition in
respect ol‘ its unfunded liabilities better than it really is, the company’s
statement gave in detail just what constituted its total unfuuded lia¬
other construction.
satisfied when
prepaml
hardly
seem
“
If the
the courts of New York
Railway Co.
merited.
“
Nor is this all.
the
was
floating debt
view of the gross mis-statements that
were current
it
was
mani¬
festly due to the stockholders that they should be furnished with the
facts, just as they were very clearly set out in the St. Paul statement
referred to.
In your
judgment the materials on hard Dee. 31, 1S82, of the value
$1,495,112, for which the company had previously paid, should notbe regarded as useful for the payment of an unfunded
liability; never¬
of
theless the stockholders did not fail to perceive in the statement fur¬
nished, that unfunded liabilities to the extent of $1,495,112 were
created by the payment
Dee. 31, 1832.
for materials that still remained
on
hand
You
hesitate to accept the statement made by the company, viz.:
$1,787,508;” but the officers of that com¬
pany were fully aware that it owned maturing contracts from sales of
land amounting to just that sum, and also that they were
“
Cash due from sales of land
readily
convertible
into cash without any sacrifice; indeed, the
company
has
already covered into its treasury $1,000,000 from this asset.
The summary presented was
necessarily limited to Dee. 31, 18S2, that
day being tin* end of the company’s fiscal year; the payment of interest
made subsequently to Dec. 31, 1832, could
only appear on tho books of
the company in the year following. There
is nothing new introduced
into tho summary recently presented; it is in exact
conformity to the
annual reports heretofore
published by the St. Paul Company. Very
respec* fully,
A STbCKiioi.m.n.
Nr.vv
Yokk. March 22. 1383.
CHRONICLE.
THE
[VOL. XXXVI,
;
1882.
1S83.
H&crttslara! (fhjwraerctal gtigltslx Items
£
EXCHANGE ON LONDON.
Latest
Dale.
Rate.
Time.
On-
j
Time.
market rate shows
Rate.
I
3
Amsterdam
Amsterdam
Short.
.
3 inos.
Antwerp
<■
Hamburg..
Berlin
Frankfort.
Ft.
20/63
2063
ii
!
!j
YZ2G-0G
a/2006
103id.
10qd.
12i.251.000 111,910,000 104,015.000
10^4.
Poterbb’g1
23 h 7i>235g
25-20 v. 25*27 V
-5-40
'3)25-45 0
Short.
3 mos.
“
Vienna
Madrid
Bilbao
Genoa
Lisbon
Alexandria..
New York...
“
*j
L 4$
Calcutta..
Hong Kong..
Shanghai....
7
.
1
.
.
2 L
Open
Bank
Open
Bank
Open
Market
Bate.
Market
■Fate.
Market
o.irf'
3
20
1
2 «'
4
2-h
m
2%
2:i4
2-/4
—
Hamburg
—
11-98
Amsterdam
3 mos.
4730
Brussels
.5
o
3
55 hi
mos.
5
Vienna
....
....
—
—
50
r.
3
m
3
40
4.0
40
5,0
5
3)A
4)4
3
3)4.
20
4
2/4
2r-«
-
4
—
—
2>8
2->4
2J4
2U
50
5
3)4
4)4
3)4
4)4
40
3?g
«
0
,
«
4A
4
.
0
5>.i
Vi
4)4
•
4
4
8!.. Petersburg..
'
6
ft
5)£
....
jMcli.
8
IMt'li.
•Mch.
Jr-
4-eoio
Is. 7 Vb
1 s. 7 VI.
00 d’yx
5 mos.
*
V
4
4 *
W
:.Mch.
....
Bard;
Fate.
3
Madrid
(Mch.
February 15.
(>pcn
Berlin
mes.
3
February 22.
Paris
Frankfort
25-243-
.
j J Mch.
....
4
March 1.
'
'
!
Is. 9 VI.
Is. 9 VI.
day i-
J
M eh.
j
GO
4
94.232,000
Market
Bank
Bate.
20-47
2o*43
20-15
....
j.Meli.
■
....
R
h
....
'325-05
d) o L ^ j
2f»\:<)
in1crest at
3 mos
8 Checks
I .Mch.
<D 12-I2h>
12-10
40 V Tv i6
10 q ib 1 (!
“
8
75lf>cL
slight advance.
a
4
Mch.
.Mch.
Mch.
Mill.
G3i6d.
9 VI.
'
....
“
0Hi«d.
5Vrt.
Bates of
12-05 0
....
....
.
a
Short.
£
■
41s. 7d.
Mar ch 8.
8
jMc-h.
I
a
Paris...
Paris
Bomnay
3)12-5
312-2
'd> *25*50
12 4
12 1
25*4.5
mot-.
1880.
The Bank rates of discount and open market rates at the
chief Continental cities now and for the previous three weeks
It will be noticed that in Germany the open
are as follows.
AT LATEST DATES.
BXOEAXGE AT LONDON- M'rle 8.
£
•
41s. 7d.
Mid. Upland cotton...
BATES OF EXCHANGE AT LONDON AND ON LONDON
£
44s.,9d.
42s. Od.
Eng. wheat, av. price.
No. 40 Mule twist
Clear’g-house return.
1831.
3s. 8
hi
•.
11
reference
to
Gold—The demand for gold lias been active this week, the inquiries
ha\ iug been for India and America. Recourse lias been had to the Bank
to II!! the orders for the United States, and liars and coin to the value
5s. 0 VL
8
the
gold and silver markets, Messrs.
Pixiey & Abell, under date of March 8, report as follows:
With
of £5 10,000 have been withdrawn.
The
B ilhirat, with £13,850''from Australia.
| From oni* own correspondent. J
to
London, Saturday, March 10, 1S83.
only arrival to report is the
The Sutlej has taken £54,000
Bombay.
iSi.ver—Fiosh orders for the Mint, coming on a market almost bare ot
supp ies, caused a slight improvement in 'price, and for lhis week the
rate h is hceu 51 VI. per oz
The arrivals have been £35.000 from
Chili ami £13.*00 front New York. The P. & O steamer litis taken
£i 15 OCO to Bombay.
Mexican dollars have again realized,40VI. per
leading features of the week just closed haw been a
and some important operation*}
The withdrawals of that co m- oz., ami ! cumin tolerably steady tit that quotation.
Exchange—The minimum rate announced yesterday at the Bank of
modity from the Lank of Englandhave been £500,000, and th e England
was Is. 7V.d. tor hills, and Is. 7Hi<;d. for transfers, showing a
movement has occasioned some surprise, as the American ex¬ rise of i ^d. and VI. respeetivel}'.
The quotations for bullion are reported as below :
change has for some time past been above the gold shipping
Price of Silver.
Brice of (add.
point. It is difficult, however, to account for the future when so
|
vast a business in securities is in progress, and it is now a gener¬
Mar. 8.
Mar. 1.
Mar. 1.
Mar. 8.
|
ally accepted doctrine that the money market, influenced so
d.
<l.
d.
d.
j
77
9
77
9
Bar silver, fine..oz. 51)3
51
jold, fine
ox.
greatly as it is by movements in bullion, is a department cf
77 100 ' Bar silver, containmid, rclhrie.cz. 77 :O0
business upon which ic is unwise to place too much reliance.
73 10) 6
73 100
doubloons.oz.
ing 5grs. gold.oz. 51)4
5153
The directors of the Bank of England have not this week
73
80 | Mexican dols...6z
73 -8)4
4 OH
49 1M0
l.doubloons.oz.
Chilian dollars..oz.
gold coin... oz. 7f> 7
altered their minimum rate of discount, but the prevailing
opinion is that there will certainly be a return to 4 per cent if
The 12tli of Apiil has been fixed upon by official decree for
the American demand for gold continues. This week’s Bank
resumption of specie payments in Italy. It is announced that
return is not, however, unfavorable.
There has been a decline on and after the date named the notes of two francs and under
cf only one half per cent in the proportion of reserve to lia¬ will be
payable in silver at all the State treasuries and canceled;
bilities, the present rate being 42/2 per cent, which compares that five franc notes will also be retired as redeemed ; but these
with 40/6 per cent last year.
The supply of gold now held by and all notes of higher denominations are 'payable only at
the Bank of England amounts to £22,948,590, and of gold and
certain specified treasuries, and as.is understood in gold or
silver by the Bank of France to nearly £83,000,000. Should silver
as required.
The question now arises whether Italy can
America, therefore, require gold, a moderate quantity can be -retain its gold, and the tendency will be closely watched.
supplied from this side without materially interfering with the Probably if it flows out, some precautionary measures will be
position of the money market. An advance in the Bank rate to taken by the Government. The resumption act makes the
4 per cent may, as stated, become necessary, but that is not a
duties payable in gold unless the Government authorizes their
quotation which would be materially injuiious to legitimate payment in notes of not less than 21. The following state¬
business. The total reserve of the Bank is now £13,810,675, ment is
given of the sources \yhence the £10,090,000 of gold which
against £13,218,005 last year. The following are the quotations the Treasury now holds has been collected.
for money and the interest allowed by the discount houses to¬
£2,000,000 1 Denmark
£220,000 United States £2,920,000
England
day and same date of the previous live weeks :
France
2,580 000 j Belgium
3,205,(00
90,000 Italy
The
return to very wintry weather
in gold on New York account.
.
,
s.
.
,
t
r
‘
-
....
...
Interest.
Open Market Bates.
Bank Bills.
London.
Trade Bills.
Six
Four
Four
Si.c
Month#'Months -Months' Months Month.'
“
“
“
9
“
•V4& —|3M@
—13!'4@
—
-
3)4
3
0 -3
0
—
8J*@
23
30 3
0-3
0
—
3
9
3
3
Annexed is
the Bank of
DLsc'nt Houser.
-2Vd
25*03 -2-60.3
Bunks.
7 to 14
.At
Cull.
Days.
3;^()?4
3h»04
4
16..;...
Mar. 2
Joint
)394@4>j
3
03R:
...
j
2,690,000 Spain
1,500,000 Australia
1,009,000 ii
affecting in
03*4'3)403;-.;
of
reserve
1881.
£
£
24,881,015 24,825.140
25 308.250
20,553,345
Public deposits
Other deposits
Qovernm’t securities.
Other securities
Res’ve of notes & coin.
Coin ami bullion
in
0.417,070 0.811,030
22,884,107 22,873,100
11,504,803
24,570,087
10,808,530
25 305,103
13,142,018 13,238,300
23.,874,301 24,708.200
13,810,075 13,218,065
15,802,0«»8
21,018,313
17,711,883
10,489,524
21.143,701
17,003,019
22,948,590 22,293,205
28,110,133
28,616,304
Proportion ot reserve
to liabilities
Bank rate..
Console
42-51
3 p. c.
102’18
40q
4
p. e.
lCO^s
a
Government
measure.
£8,000,000, of which £447,000 is in gold and £7,804,000
The circulation is about £15,000,000.
Their total
advances are about £8,000,000, of which about £5,000,000
are
on
bills and £3,000,000 on loans.
The deposits are
467g
483*
3
3 p.
p. e.
9‘J7sL
'
e
97 At
A bank
circumstanced is
naturally pecu¬
liarly sensitive to demands for bullion, and this probably assists
to account for the
so
measures
referred to above.
The bill takes
to sell about £2,100,000 of silver by gradual instalments.
Some
1880.
Circulation
both departments..
as
of coin and bullion held by the Netherlands Bank
power
£
some measure
the Dutch Parliament
three previous years:
£
i
the future value of silver, we
lately that the Silver Demonetization
Bill in Holland has received the approval of the Council of
State. It is consequently being pushed now in the Lower
almost nominal.
average
1882.
£10,090,000
Total
1
in silver.
statement
1883.
25,000
400,0.0
have the announcement
quotation for English wheat, the price of
middling upland cotton, of No. 49 mule twist, fair second quality,
and the Bankers’ Clearing House return, compared with the
consols, the
....
....
is about
showing the present position of
England, the Bank rate of discount, the price of
a
As
The
0—;3,q03:‘4:3*404
!2%-'.3
...
House
3V'i3.h 3)404
-|200354 3
...
Austria
Russia
Stock
'Iliree I
4
Germany
for
Deposits by
i
Feb. 2
Alio iced
....
....
...
dissatisfaction
has
been
expressed recently by the
community at the slow delivery of the American
mails bj7" the British post-office. Mr. Baxter asked the Post¬
master General some questions on the subject in Parliament on
Tuesday, and Mr. Fawcett said that he would inquire into the
subject, with the .object of ascertaining whether it would be
possible to effect any improvement by employing other lines of
steamers in addition to those by which the mails are now sent.
A prospectus has been issnedof the Dakota Stock and Grazing
mercantile
4
*
THE
1883.]
March 24,
,
CHRONICLE,
limited, with a capital of £250,000 in 50,000 shares,
Annexed is
331
return
showing the extent of the imports of
of £5 each. The first issue is to consist of £125,000. The
Kingdom during the first six
months
of
the
season,
from
viz.,
September to February, inobject is to acquire and work the cattle ranche of Messrs. N. R.
Davis & Co., called the .Hot Creek Ranche, situated in Wyoming, elusive, compared with the corresponding period in the three
Dakota and Nebraska, United States.
previous seasons :
Wheat.
Tenders were received on Monday at the Bank of England for
1882-83.
1881-82.
1860-81.
1879-80.
From—
Cwt.
£500,000 Hull Corporation
per cent stock. The appli¬
Cwt.
Cwt.
Cwt.
Russia
3,7 -<7,7 50
3,905,735
769.975
3.210,497
cations amounted to £1,984,900, at prices varying from £9S for United States
19,419,601
15,702,905
18,283,584
19,720,507
1,574,3-9
1,700,*<07
2,023.076
£100 stock down to £94, the minimum. Tenders at £95 Is. Gd., Brit. N. America
2,982.258
1,437,101
278.024
1,008,819
Germany
1,357,932
will receive about 12 per cent of the amount applied for, while France
0,773
4,780
2,887
5,993
Chili
469,0 VO
838,010
519,855
1,001,813
those above that price will be entertained in full.
722,031
95,599
219,791
800
Turkey & Roumauia.
Tenders for the unalloted balance of the Victoria 4 per cent Egypt.
492,508
138,096
235,303
1,014,717
British India
3,172,131
5,797,335
2,351,871
1,005,137
Joan were received by the ten associated Australian banks on Australia
038,03 l
915,735
2,253,074 )
10.883
370,000
00,11 i 5
Tuesday, and the amount required was obtained. Prices Other countries
Total
30.133,701
32,521,083
ranged from £100 to £100 ils. Gd. Tenders at £100 2s. Gd.
27,282,832
31,672,990
Company,
a
wheat and flour into the United
...
receive in full, and at £100 2s. about 20 per cent of
the amount applied for.
The average price obtained was
will
-
£100 3s. Gd.
With
regard to the
American tariff, a writer im Bradford
observes that ‘‘great disappointment is expressed among mer¬
and
chants
new
manufacturers
Telegraphic dispatches
with
the
new
American
tariff.
received to-day by some large
American houses from New York agents, stating that ou low
worsted goods there is an addition of 4c., or rather more than
2d. per yard, which is practically a prohibitive duty, and must
affect the worsted industry very materially. The bulk of the
were
carried on with America in the worsted district, of
which Bradford is the centre, is included in this class ; but as
the new tariff does not come into operation till July 1, Bradford
trade
now
merchants expect to be busy in the interval with orders for the
States. With regard to the all-wool stuffs, such as better kind
cashmeres, &c., which
made chi-ffy in France, though
partly iu the Bradford district, there is also au addition of 5c.
per yard to the duty.
On some pieces the increased duty will
amount to 10s.
Moat French goods, too, are shipped through
Bradford houses, and the. outlook for the future in the Amer¬
ican trade is regarded as most unfavorable.”
With the approach of spring, the weather has become very
severe, and there has been rather a heavy fall of snow through¬
out the country. Agricultural work has been impeded iu some
localities, but lately we have had several days of dry weather,
and the agricultural prospect is decidedly more satisfactory
than it was. The recently flooded lands will soon be brought
into’cultivaticn again, and a fine average breadth of land will
no doubt be planted with cereals,
though there may be some
diminution as far as wheat is concerned. The trade during the
week has been rather quiet, but factors are' not
willing to
accept lowrer prices. The condition of the supplies of home¬
grown produce has improved, owing to the drier w’eather.
The following figures show the extent of the imports of cereal
produce into the United Kingdom during the first twenty-seven
weeks of the season, compared with the
corresponding period
in the three previous years :
of
are
Wheat
Barley
Oats
10,050,599
7,5S4,047
-.
Peas...
Beans
Indian
Flour
corn
1881-2.
1880-1.
1879-80.
32,200,073
7,717,933
1,730.975
30,745,890
33,999,245
9,185,111
7,647,174
7.529.905
5,213,629
1,175.840
905,227
1,373,02
1.324,140
949,485
1.224,427
3,191,241
8,962,01.3
11,719,301
17.218,625
7.038,487
4,334,609
»
1,253,231
1,570,422
11.690,025
0,024,232
SUPPLIES AVAILABLE FOR CONSUMPTION—27 WEEKS.
1882-3.
1881-2.
1880-1.
Imports of wheat cwt.34,106.387
Imports of flour
8,982,013
Bales of home-grown
32,200,073
4,38 i,009
30,745,890
7,038,48 7
33.999.245
0,024,232
....23.019,100
21,337,000
17,827,200
12,895,000
Produce
1879-80.
Total
GO, 100,500 57,927,712 55,011,577 52,918,477
Av’ge price of English
wheat, for season, cjr.
4(»s. Oil.
42s. 5d.
40s. 7d.
41s. id.
Visible supply of wheat
in Unit’d St’s. .bush.22,500,000
17,000,000 25,700,000 27,200,000
Supply of wheat
hour
afloat
to
and
tne
Un’d Kmgd’m.bush. 2,272,000
The
3,148,000
3,143,000
following return shows the estimated value of our
into the United Kingdom daring
imports cf ceival produce
the first six months of the season,
compared with the
responding period in the three previous years :
Wheat
Bailey
Oats
Peas
Beans...,
Indian
corn..
Flour..,.
Total
....
18S2-S3.
1881-82.
£10,255,4'
3,031.91
£17,389,958
£14,395,183
3,111,*70
1,064,259
360,692
3,061,924
1,089,480
2, 421,48
407,14
4 87,96
2,878.83
0,797,94
£32,940,71
1880-31.
cor¬
1879-80.
£18.043.254
4,008.745
2,584,075
487,012
018,255
3,511,383
4,191.837
550,136
487,830
4,797,331
5,101,737
4,900,443
£30,001.928
£33.386,633
£34,819,167
325,813
3,531,209
2.9031—'T!hlie
1,121,922
Franck?
United ^States
Brit. N. America
Other countries
question
848,235
125,413
2,977,97 L
60,374
501,707
152,150
191,591
101,417
1,329,109
857,399
315,575
1,207.950
8,555,035
4.974,183
0,074.095
5,831.421)
...
was
001,300
149,878
3,909,135
255,883
957,775
5,820,039
Total
A
O'"?/?
Flour.
Germany
1,337,018
asked in the House of Commons, last night,
by Mr. Broadhur.st, regarding
memorial of the cotton oper¬
inquiry into the system of oversizing
cotton cloth, and Sir W. V. Hareourt replied that the facts
placed before him justilied a medical inquiry being held into
the effects upon the persons employed in the process.
atives for
a
medical
a
.
—
Knglisii Market Reports—Per Cable.
The
daily closing quotations for securities, &c., at London,
provisions at Liverpool, are reported
by cable as follows for the week ending March 23:
and for breadstuff's and
London.
Sat.
Silver, per oz
d.
Consols formonev
Consols for account.
Fi ’cli rentes (in Paris) IT.
Q. 8. Ssext’n’d into 3*2*
U. 8. 4*23 of 1891....
U. 8. 4s of 1907
Chic. Mil. Sc 8t. Paul
Erie,
common
....
stock
Illinois Central
N. Y. Ontario & West’ll.
51;’ig
1023ltt
1025h;
61*10
100;_,s
110=8
Titcs.
51»ib
5U‘>ig
102
102 >8
10218
81-32*2 81-20
100 *2
looks
11 0 >4
ll<:4
102
122
l
101-4
105
3 6 =’8
118 <2
20*4
G4*a
Philadelphia & Reading. 27*8
New York Central
129::4
Pennsylvania
Sat.
Liverpool.
s.
Flour (ex. State)..100 lb. 12
9
“
Wheat, No. 1, wh.
Spring, No. 2, h.
Winter, West., n
“
9
“
9
Cal. white
“
Corn, mix., West.
“
Pork, West. mess..$ bbl.
Bacon, long clear, new..
Beef, pr. mess, new,$tc.
Lard, prime West. $1 cwt.
Oheesei, Am. driest
Mon.
d.
3
1
6
G
22**8
3Sr*8
149
27
OL's
2 7r>e
130
Mon.
8.
d.
9
3
1
0
9
5
6
83
53
95
58
70
5
0
6
0
0
0
12
9
80-92*2
LUO 4
1164
L 22 4
1044
38 4
105
34 Lj
119J t
‘27
0 l ”8
27
130
149
204
04 4
27=4
129 4
Tues.
8.
9
9
9
d.
3
Thurs.
50=4
102
102's
122'8
12
Wed.
504
s.
d.
3
0
0
3
102:J; R
organized
.
80*07 k.,
r
1004
110 4
121*2
n
l05
r*4
38*2
149*2
2G5a
014
27=4
H
•
*
130
\
Thurs.
Fri.
d.
3
8.
12
9
9
9
0
0
3
82
53
95
58
09
0
0
0
0
0
0
a
r—4
83
53
95
53
TO
0
0
0
0
0
83
53
95
58
70
0
0
0
0
0
33
0
6
0
6
0
52
95
57
70
®ommevxtat iwd III tscellauecr us
been
j
•
1024*
Wed.
12
0
9
0
9
3- 9
Fri.
fw
0
National Banks.—The following
IMPORTS.
1882 3.
..cwt.34,168.367
OOO
w
•
a
2£e«rs
national banks have lately
:
Farmers’ National Bank of Boyertown, Pa.
Capital,
$50,000. Tiios. J. B. Rhoads, President; Won. R. Grim, Cashier.
Second National Bank of Lexington, Ky. Capital, $100,000.
David II. James, President; W. D. Nicholas, Cashier.
he First Nat onal Bank of David City, Neb. Capital, $50,000.
Tlios. Wolfe, President; J. W. Gross, Cashier.
First National Bank of North Manchester, Ind. Capital,
$50,009. Jesse Arnold, President ; John R. Wallace, Cashier.
2.904— The Chester National Bank, Pa. Capital, $100,000. Samuel A.
Dyer, President; Rickard Wetherill, Cashier.
Imports and Exports for the Week.—The imports of last
week, compared with those of the preceding week, show an in¬
in
a decrease in general merchandise. The
$8,945,564, against $10,305,183 the pre¬
ceding week and $11,339,604 two weeks previous. The exports
for the week ended March 20 amounted to $8,419,350, against
$7,507,419 last week and $7,720,703 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) March 15 and for the week ending (for general
merchandise) March 1G; also totals since the beginning of first
crease
dry goods and
total imports were
week in January:
For Week.
Dry goods
C-fen’l mer’dise..
Tntal
FOREIGN IMPORTS AT NEW YORK.
1880.
1881.
$3,580,500
8,143,075
$2,9-5,818
0,496,552
$3,410,501
7,924,424
$3,449,811
5,495,763
$11,724,181
$9,482,370
$11,331,928
$8,945,504
$32,755,777
$29,444,231
00,014.619
$34,657,013
$33,940,269
Oil,309,083
Since Jan. 1.
Dry goods
GeiiT mer’dise..
72,378,173
Total 11 weeks $105,133,950
1882.
72,273,192
1883.
$89,'458,850 $106,930,205 $100,315,952
CHRONICLE.
THE
332
organized September 25, 1876, and was opened August l, 1870;
but owing to alleged bad management it has proved a
losing’
investment. It is six miles long and runs from Bay Ridge t?>
the Sea Beach Palace Hotel, Coney Island. It was sold under
foreclosure at Brooklyn some time ago and purchased by trus¬
tees representing the bondholders.
This sale wiped out the
stock and floating debt of the company. Its total liabilities
now amount to only $475,000.
The property includes the road
and its equipments, wharf facilities at Bay Bidge and the
Palace Hotel and land at Coney Island.”
report of the dry goods trade will be found the imports
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 20, and from January 1 to date :
In
our
of
EXPORTS FROM NEW YORK FOR THE
WEEK.
1883.
1882.
1881.
1880.
For the week...
Prev. reported..
62,151,017
$7,800,595
75,719,991
$6,131,017
04,109,063
$8,419,350
70,300,235
Total 11 weeks
$70,000,400
$83,520,586
$70,244,280
$78,725,585
$8,110,413
and 1881:
AT NEW YORK.
Exports.
Tennessee Bonds.—The bill funding the Tennessee State
debt at 50 cents on the dollar and 3 per cent interest has been
signed by the Governor and is
Imports.
Gold.
Great Britain
$3,600
$5,000
Since JctyH.1.
Week.
$739,495
$741,085
639,101
14,560
423,519
FVa.fi ee
Germany
West Indies
089,291
•
Mftxieo
8outli America
A.11 other countries
32,865
50,785
::::::
mortgage covering both roads, which was approved and
presented by the counsel of both corporations. This leaves no
obstacle in the way of a settlement of difficulties, with the
exception of a few minor matters of a private nature, and an
arrangement between the roads is practically completed. A
new corporation will be organizedto which the whole
property
76,0*0
10,890
10.391
10,396
will be transferred.”
Virginia State Coupons.—The holders of tax-receivable
.....
.
1,000
Silver.
Great Entain
$726,100
Frail eft
German
1
31,290;
_
$1,940,871
$89,250 $1,403,933
7,847
9,864,999
004,431
116,210
$5,000
Total 1883
Total 1882
Total 1881
✓
coupons have proposed to combine and test at law their ability
to pay taxes with these coupons without first paying in cash.
Their claim will be that an offer of coupons is sufficient to ex¬
empt their property from a sale for taxes.
Gov. Cameron said
to a N. Y. Herald correspondent:
“ I have seen a proposition
to deprive the State of its revenues by a combinational* bond¬
holders and corporations to resist the law as it stands on our
statute books, and has been expounded by the Supreme Court
of the lTnite;l States.
No such conspiracy will be allowed to
385,006
0,897,998
.
$3,299,382
$
9
156,935
2 2 (», ‘2 7 8
West Ind s
Mexico
South America
All other countries
......
2,771
$7 60,390
261,236
Total 1883
Total 1882
Total 1881
292.778
Of the above
$3.4 H), 091
2,028,997
2.024,049
53,907
831,565
8.808
228.60S
2.272
800
19,636
3,200
proceed in Virginia while I am Governor, with the powers con¬
ferred upon me by the Constitution and the laws.
The propo¬
sition is revolution, but there is only needed to meet it the
plain and usual methods of judicial procedure which the State
has provided for her own protection ia the exercise of her un¬
disputed right. If harsher means were necessary, they would
be employed.”
$240,488! $1,134,616
133,1381
45 1 ,i)36
707,969
01,430;
imports for the week in 1S33, $1,180,153 were
American silver coin.
American gold coin and $0,587
Pennsylvania Railroad.—The Pennsylvania Railroad Com¬
Attorney-General Blair sai l to the Herald correspondent:
pany has issued a circular publishing the provisions of the act
of incorporation that no transfer of stocx wutliin sixty days of
election shall entitle the holder to vote ; that no male stock¬
holder living within ten miles of the place of election shall
“The legislation of the Shite on the subject of coupons and the c fieri
of the recent decision of the Supremo Court seem to have been equally
misunderstood.
Three arc four separate and distinct acts on this
bids the reception by the tux "collector of
or United States Treasury notes for taxes.
that the tax collector or his sureties shall
by any process be ‘subjected
damages for the failure or refusal of the collector to.receive the
coupon in payment for taxes.’ The first lull, known as ‘Coupon Killer
No. 1,’ was held to be constitutional by the .Supremo Court of the state
at a lime when the Bench was politically hostile to the present admin¬
istration, and was atlirmed by tile Supreme Court of the United States,
t lie opinion of a majority of the Supreme Court seems as much mis
understood as the Virginia legislation.' When that decision is boiled down
to
Railroad Construction (Nov.)—The latest information of
the completion of track on new railroad is as follows:
Carson A Colorado.—Extended from Benton, Cal., southward 13 miles
ir will be found to be a full, absolute and complete affirmance of the deci¬
sion of that Court in t!:e ease of Snead against Tennessee. The only
»fe Eastern.—Extended from Peebles, O., east to Mineral
Springs, 3 miles.
remedy the creditor has is prescribed by the bills alluded to, and they
expressly exonerate tin*, tax coll -ctor and his sureties from any liability
for his refusal to receive the coupons until adjudged to be genuine- by a
court and jury.
The act provides that auy creditor that shall receive!
the coupons before adjudicated bv a court and jury to be genuine, will
subject himself to penalties prescribed therein;*aud T shall instruct tlm
Commonwealth’s attorney* of the counties and cities of the .State to see
that those penalties are strictly enforced.”
Memphis Selma A: Brunswick.—Track laid from Holly Springs, Miss.,
'
westward 12 miles. Gauge 3 1'et-t.
Northern Pacific.—Extended westward to Bozeman, Montana, 10
miles.
Rochester A Pittsburg. — Tragic on the Buffalo division is extended
north by west to Cattaraugus Viaduct, 9 miles, and south by east to
Gulden, N. V.. 13 miles.
Warren
A Farnsworth
Valley.—Extended from Garfield, Pa., to Van-
degrift, 1*4 miles.
Gauge 3 feet.
total of 05*4 miles, making 391 miles thus far reported for
1S83, against 1,001 miles reported at the corresponding time in 1882,
501 milesiu 1881. 753 miles in 1880 and 24. L miles in 1879.—It.It. Gazette.
This is
Western of Alabama.—Since the
purchase of this road some
by the Central o’ Georgia and the Georgia Railroad
companies it has been held by the two companies as joint own¬
ers.
It has now been decided to capitalize the ownership and
issue $3,000,000 stock, one-haif to each company. The change
a
years ago
Richmond & Danville—Virginia Midland.—At a
of the stockholders of the Virginia Midland Railway,
meeting
held at
Alexandria, Va., the directors elected in the interest of the
Baltimore & Ohio Railroad in December last resigned, and new
directors were elected in their places. The board is in the
Richmond & Danville interest, and consists of the following
gentlemen : J. S. Barbour, T. M. Logan, John McAnerby, \V. P.
Clyde, W. N. Payne, M. Bayard Brown, William Keyser, Skipwith Wilmer, Jos. Bryan, Robert T. Baldwin, George Parsons,
C. J. Osborne, J. T. Lovell, J. A. Rutherford, W. Bayard Cut¬
ting, A. S. Buford and C. G. Holland. A resolution was passed
directing the payment on April 15 of interest due January 1,
1883, on the Virginia Midland income bonds.
Schuylkill Navigation—Pitila. & Reading.—At
a
will make
foreign exchange, money, cotton, provisions, &c., &c. It has
been compiled by Mr. John C. Welch, 72 Beaver Street, New
York, and 85 Gracechurch Street, London.
—The .entire second floor of the “ St. Nicholas Building,”
corner of Wall and New streets, is offered for rental, also
offices
stock and $4 in cash to be given for every two
on
The road
was
column.
Auction Sales,—The following, seldom or never sold at the
Stock Exchange, were sold at auctioi this week by Messrs.
Adiian II. Muller & Son:
stock of the Schuylkill Navigation' Com¬
pany and one share of the Philadelphia & Reading Railroad
common stock and $4 in cash for every four shares of common
stock of the Schuylkill Navigation company. After discussion
the proposition was laid on the table.
order to give time to communicate with him.
the upper
floors. The building has just been hand¬
somely fitted up.
—A very desirable, large office is to let on the first floor of
No. 18 William Street, corner of Beaver, See advertisement in
shares of preferred
mi
the relations of the road, but the
in the assets of the two companies in place of
—A commercial calendar issued for 1882 has a convenient
circular arrangement by which it shows at a glance the lowest
and highest quotations each month of leading railroad stocks,
meeting
Sea Beach Railroad.—The New York World of March 21,
said: “The New York & Sea Beach Railroad was to have been
sold yesterday at public auction, but as the largest bond¬
holder is in Europe, and as he is able to purchase the road
several times over, the sale has been postponed until April 4
difference in
the one-half share in the road.
following terms: One share of Philadelphia & Reading Rail¬ another
common
no
steck will appear
of the stockholders of the Schuylkill Navigation Company,
held in Philadelphia, President Gowen’s proposition was sub¬
mitted to merge the former company into the latter upon the
road
One of them, familiarly known as ‘Coupon Killer No. 2.’ for
anything except gold, silver
This act expressly forbids
subject.
vote by proxy ; that no person shall represent more than three
absent holders by proxy, and that proxies must be legally exe¬
cuted within three months of the election.
Cincinnati
law.
cent
Since Jan. 1.
Week.
Gauge 3 feet.
now a
Vermont &
Canada—Central Vermont.—The
Boston
Advertiser says “ In consequence of numerous statements that
F. A. Brooks, President of the Vermont & Canada Railway,
viewed unfavorably the pending negotiations between the
Central Vermont and his road, Mr. Brooks tendered his resigna¬
tion as President and director. The board of directors accepted
it, and elected Colonel Albert Clark of Boston to succeed him.
The board also voted to accept the draft of a $7,000,000 6 per
The following table shows the exports and imports of specie
at the port of New York for the wreek ending March 17, and
since Jan. 1, 1883, and for the corresponding periods in 1882
EXPORTS AND IMPORTS OF SPECIE
[VOL. XXXV
43
(12
230
26
17
3
12
40
,
1
Sh arcs.
New York County Bk..l 12
(«reenwieh Bank
113
Plnenix Nat. Bank
10L
Central Nat. Bank
1 .’5
Am. Exclt. Fire Ins
11 Obi
Thinl Avenue UR
28Sbj
Meek allies’ Nat. Bank .150*2
Bowery Fire Ins
1(35*2
50 Manhattan Jt'lway (old
He *fc). common
41*4
Shares.
1,030 .Silver King Minimr, of
C dorado, for $155
lion ds.
$7,000 Sandusky Mansfield &
Newark 7s'. .*
116
$1,500 Dub. & Sioux City 1st
in. 2d Division
111 :-2
$3,000 N. Y. A Ati. Ik* 6s.
5
$100,000 Rock’way BY.lt fmp.
C<>. lfct 0s, 1910, $3 per bond
...
\
it
gaukevs' ©alette.
Exchange.—Foreign Exchange has been weak and rates
close about y-i cent lower than last
week. The high price of
money has checked the demand for bills, while the
supply
of commercial has been
fair, and some securities have been
DIVIO i; MSS.
The following
dividends .have recently been
Name of Company.
Per
When
Cent.
Payable.
Railroads.
J-'o-t(’n A X. Y. Air Line prof
0
ci'iio! boric
Island A Dae' (quar.)
MivnliaUnn 1M pref. (quai.)
N Y. Lack. <fc Western (quar.)
3
YORK,
FRIDAY,
Books Closed.
(Days inclusive.)
1
April
1 Moh. 31 to April 25
May
*>
AIcli. 25 to April
April
2
April
April 10 April l to April 10
.
1%
1%
ll4
—
NEW
announced:
*>
MARCH
23,
purchased for London account. On Thursday
prime bankeis’
00 days sterling bills sold about 4
80},{; demand bills, 4 82%;
cables, 4 8014.
Continental bills were quoted a3 follows :
Francs, 5 24"*g@5 2'F4 and 521
21
Reichmarks, 94@
94J4 and 91}/(<{94%'; guilders, 39% and 40.
Quotations for foreign exchange are as follows, the
highest
prices being the posted rates of leading bankers:
ISS3-5 1*. M.
Money Market and Financial Situation.—Business
practically closed on Thursday, as Good Friday is quite
March 23.
The
was
generally recognized now as a religious holiday.
Any activity at the Stock Exchange which might have been
developed has been choked down by the stringency in money.
There is no
feeling of panic ; no great decline in prices ; no
extraordinary attacks by the bears ; but business drags along
from day to day with the volume of transactions near
a minimum, while those who are
carrying stocks tenaciously
hold on, and those
who
are
out of stocks
Prime bankers’ sterling bills on London.
Prime commercial
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or ttreraen (reicbmarks)
4
4
4
5
8ixty Days.
Demand.
79
@4 81
79
'a)4. 79%
78 %@4 79
25
@5 21%
39% @ Z9%
94
@
94*8
4 82% » 4 83%
4
81% @4 82
4 81
@4 81i«
5 22% @5 1938
39% @ 40 -*8
94 %@ 95%
United States Bonds.—There has been a
fair, but not
large, business in government bonds, and prices of the 4
cents
have been well
also firmer
on
government
revenue
the
per¬
maintained, while the
3 per cents are
general prospect that a decrease in
will allow them to remain
outstanding
pertinaciously hold
of the leading brokers that for some years.
whenever the rates for money get down to a reasonable
The closing prices at the N. Y. Board have been
point,
as follows:
with a good prospect of staying there, we will have
every
Interest Mar.
Mur.
Mar.
Mar.
Mar.
Mar.
reason to look for considerable
Periods.
17.
19
purchasing of stocks by out¬
21.
22.
23
2p,
siders. This opinion is fortified by a reference to the fact that
5s, continued at 3%.. Q.-Feb. *103% *103% *103% *103
“103
reg. Q.-Mar.
112% 113
prior to March 4th there was no inducement to buy, and every 4%s, 1891
*112% 112% 112 %
4%s, 1891
11 2 % *112% *112% *112^4
coup.
Q.-Mar.
*112%
inducement to keep out of the market, and since March 4th is, 1907
r eg. Q.-.Tan. -119% *119
*119% 119
z
*118%
C3
120% 120
coup. Q.-Jan.
*12<-,% 120
there has been such a stringency in money as to forbid the is. 1907
120%
3s, option U. S
reg. Q.-Feb. *103% 103*e *103% 103% *103%
undertaking of any new obligations. At the same time the 6s,cur’cy, 1895..reg. .1. <te J, *128 *1-28 ’126 *120 *126
0
Os.cur’ey, 1890.. reg. J. <k J. 129 *129
*127
*127
*127
railroad situation is becoming daily stronger, and the
earnings 6a, cur’oy, 1397..reg. J. A J. *130 *130 *128 *128 *128
for March, on the trunk lines at least, will be
1898..reg. J. <fe J. 130
*130
*129
1 29
1 29
;
abnormally 6s,cur’cy,
6s. cur’oy. 1899..reg. J. & J. *130
*130
*130
*130
*130
!
large, with every prospect for a comparatively heavy business
This is the price bid at the morni 113 board; 110 sale was made.
during the next three months. Thus, it is supposed that only
U. S. Sub-Treasury.—The following table shows the
a favorable outlook in the
receipts
monetary situation is required to
and payments at the Sub-Treasury in this
stimulate an active business.
This opinion is a good one ;
city, as well as the
there is no objection to be made to it ; and should the market balances in the same, for e<teh day of the past week:
happen to go the right way, we will iiereafter be able to refer
Balances.
It is
off.
suggested by
some
*
*
*
1
•
*
*
*
*
to
it
Date.
utterance of wisdom.
as an
Receipts.
For the latest week
reported the receipts of breadstuffs at
Western cities and cotton at the ports
compared as follows
with the corresponding week of 1882 :
Colton,
Flour,
hales.
1383
1892
bbls.
105,000
Wheat,
Corn,
bush.
bush.
Oats,
bush.
179,033
143,191
944,154
3,202,391
•
310,020
844,785
The rates for call loans to stock brokers have
01,910
'
1,242,130
597,905
been
high
Payments.
$
Mar. 17..
“
19..
“
10..
“
21..
“
22
“
23..
1.118,289 77
*2,107,805 53
Total....
8,836 374 86
1,330.202 82
972.901 46
1,344,060 75
; 1,963,114 48
Coin.
$
$
929,293 S9 127,075,078 83
t
1.104.550 44 128.103.284 44
2,007,480 93 127 379,780 16
1,455,243 13 126,829.000 42
674.056 96 127,187.436 21
881,182 37 128,311,735 37
Currency.
$
6,551,096 10
6,520,745 73
6,572,971 85
6.640,812 92
6,952,980 92
6,910,613 87
7,051,807 77
Includes $700,000 gold certificates put into cash.
t Includes $1,000,000 gold certificates taken out of cash.
+
Includes $1,000,000 silver certificates received from
*
throughout the week, and the exceptional decline on some
Washington.
days to G per cent, when all demands had been supplied, is
State and Railroad Bonds.—The dealings in State bonds
hardly worth mentioning. The bulk of business on stock col¬
have been quite limited, and at
Thursday’s Board the Tennessee
laterals has been done at 10@15 per cent; a fair
range for the compromise bonds sold at 44^, Tennessee 6s old at 41, Arkansas
week up to Thursday noon was about 8 to 18
7s, L. R. & Ft. Smith, 47-48. The holders of Virginia tax-receiv¬
per cent; but on
the receipt of dispatches from
Washington that payments on able coupons propose to take measures to see if they can not
offer their coupons for taxes and then stand on the defensive
the 120th bond call would not be
anticipated, rates were and prevent the State from
squeezed up to 25 per cent. On strict government bond busi¬ decision of the United States collecting ; but under the recent
Supreme Court it would appear
ness the
large dealers pay 5@6 per cent for new loans. Time more likely that the routine prescribed by the State law will
have to be followed.
loans on stock collateral are made at G
per cent, and prime
Railroad bonds show only a moderate business on
commercial paper sells at 6(V?7 per cent.
prices
steady. As there seems to be a very good prospect
generally
The Bank of England weekly statement on
Thursday showed that these bonds will advance after the early part of April, it
a decrease of
£67,000 in specie, and the percentage of reserve is a fair question for investors to consider whether the present
to liabilities was 40
13-1G, against 42 3-16 last week ; the dis¬ is not a good time to buy for cash.
count rate remains at 3
Railroad and Miscellaneous Stocks.—The Stock Board
per cent. The Bank of France shows
lists from day to day present the appearance of a midsummer
an increase of
2,400,000 francs gold and a decrease of 5,975,000
stagnation. Of some stocks there are hardly sales enough to
francs silver.
The New York City
of March 17 showed
amount of
the
a
March 10.
following table shows the changes from the previous
week and
a
comparison with the two preceding years:
1883.
Mar. 17.
Loans ana die. $319,072,000
48.55 L, 900
Circulation...
1G.607.900
Net deposits
289.015.500
L«gal tenders.
17,081.100
8peoie
Surplus
Deficit,
Dec. $5,508,000
Dec. 2.907,800
Dec.
1,300
Dec. 8,795,900
1882.
Mar. 18.
1881.
Mar. 19.
$312,310,500 $300,177,300
53,530,700
20.075.500
287,100,800
59.552,000
835,900
16,347,800
875 Dec.$2,198,975
65,033,000 Dec. 3,803,700
$71,775,200
74,928,500
$09,482,900
71.793.200
*$6,770,375 Dec. $1,004,725
$3,153,300
$2,310,300
Legal reserve, $72,403
fieaerve held.
Differ'nces fr'm
previous week.
15,771.100
277,931,000
12.241.200
.
*
further increase of $1,604,725 in the
make live quotations.
The situation is well enough described
in the remarks above, that those who hold stocks and have
been carrying them for sometime are unwilling to throw them
overboard now, just when they think that they see a proba¬
deficiency in their reserves below the legal limit, bility of higher prices as soon as the
money market relaxes.
deficiency being $6,770,085, against $5,166,150 On the other hand, it is palpable that there is little induce¬
total
The
Clearing-House banks in their statement
Deo/
ment for outsiders to come in and buy stocks when
to pay 15 per cent interest for carrying them.
In
they have
the mean¬
time facts are studied up, and the annual reports of railroads,
together with their current returns of earnings, are carefully
noted. O11 another page will be found abstracts from the an¬
nual reports of Wabash and of Chicago Burlington & Quincy.
Nothing definite is yet known as to the rumored lease of
Wabash to Iron Mountain in the Missouri Pacific interest, or
of the rumored lease of Central of New Jersey tc the Phila¬
delphia and Reading. As to the latter, there are parties in
Philadelphia who assert with much positiveness that Mr.
Gowen Has been negotiating for such an agreement on some
terms or other.
At the close on
Thursday prices were weak in consequence
in money, though previously during the
day they had been rather strong.
of the
new
squee/iG
4
CHRONICLE.
IHE
334
EXCHANGE TRICES EOI! WEEK ENDING MARCH
NEW YORK STOCK
STOCKS.
Saturdav,
March 1*7.
RAILROAD"*
Boston A N. V. Air-Lino,
Burlington Cedar Rap. A
Canadian Pacific.,;
Canada southern
Cedar Falls A M nmesota
Central of New Jersey
Cent al Pteiiic
prof.
No..
Tuesday,
March 20.
59 4
G6;,4
07:ib
80
*21
*5 i
—
•
80 *7
22 4
32
24 4
134
132 4 132
146
14 b
122 4 122
107
*80
-
...
-
4
73
54
54
7
*6
123 4
46 4
464
lu
30
b
4
304
0 *4
pref....
Houston A Texas Central
Illinois Central
19.0*56
OS4 Jan.
14,709
10
79 -j
*214
32
25
j 33
1 36
135
'J
•
80
0
0
*
78
>
135
*131
...
122
121
iol 4 I024
120-A* 1214
IM
160'h
4
132 4 132 -v
145
14.)
122 4
122
MO
Mb
121 \ 122 4
48
*18
107 4 107 4
*b
7
123
78.720
"350
15 *4 * 16 :{4
16
9 4
9
....
*
6 34
.
0 :,4
*73
'73 4
SO
hi
4i
7
J
!
'6
4
I) j
16 41
9
16
7-'V
90 !
8
......
4
*
41
<81
78
*72 4
i43 4
'
1213,!
•\S34
*15 4
89
794
*72 4 78
75
1-14 3., *144-4 111*4
75
144
139 4 139
78 4
*72 4
144 4
84;
1
-
78 4!
78 |
14-14
Do
*324 33*4
..
33 4
Long Island.Louisville A Nashville
Lonisville New Albany A Chic
Maubattun
Dt
1st pref
*54
*40
*85
*40
*23
common
Manhattan Beach Co
514
60
45
87
45
25
-12
*85
*40
21
4
30 4
304
MO
1104
*62
03 4
54 4
54
*50
GO
'40
45
*85
87
*40
45
*24 4 27
54 *4
43
87
44
24
...
.
Memphis A Oha i >aston
Metropolitan Elevated
Michigan central
Milwaukee L. Hh.A Weslern..
Do
pref.
79 4
79 4
81
9434
95 4
lfi»4
94
*
pref..
Mlssonri Kansas A Texas
Do
44
*25
*58
58
3034 314
10134 1024
Missouri Pacific
Mobile A Ohio
Morris A Essex
Nashville Chattanooga A St. f
New York Central A Hudson
New York Chi*. A St. Louis..
Do
pref.
New York Elevated
New Yroik Lack. A Western..
New York Lake Erie A West.
Do
pref.
New York A New England....
New York Now Haven A Hart.
New York Ontario A Western. !
Norfolk A Western, pref
Northern Pacific
Do
pref
58
58
125 4
12 4
*27 4
125 4
12 4
284
*95
105
88 4
88
j 3b7s 37 4
*2*5*4 *2*54
314
50
494
*
V
Oregon Improvement Co
Oregon Railway A Nav. Co
Pacific Mail
Pullman Palace (Jar
Quick-ilver Mining
pref
We8terntTnion Te'egraph
EXPRESS,
Do
Adams
American
United States
Wells, Fargo A Co
COAL AND MININGConsolidation Coal
Little Pittsburg Mining
Mariposa Laud A Mining
42 >4
5 1
87 ,’:4
12 Hi
34
84 4
8! 4
*224
53 <4
44
*25
*57
234
53*4
914
95 4
16 4
*
83
45
*44
44-4
26 4
*25
58
3 L
*57
3 1
59
x87 34
4
‘26 ‘a
18 4
125
59
...
12 5 -*g
U7d
2 8 34
89 ‘4
37 4
83:,4
22 4
814
22 4
52-4
;»3
*136
13b
*101
88
37 4
37 4
87 3.,
374
46
46
45-4
4)4
25
4i
50 4
8b 4
253* *25 4
414
414.
50 V
504
254
4 L4i
88
4
36
-4
ID'l
8b
12
83 4
814
214
524
22
52 4
V
1
514i
8b **4
12
© ‘
4
12
41
81
22 4
o2 ‘s
84 V
924j
53 4
4
4
Yf *
10
cs
*90
*29
*48
*9 L 4
I
48:)4
94
39
95
j
149
39 4
*;a
28 4
534j
90-V
94-6
95:i4
283i 29 *4
48 *4 49;S>
G5‘2
lu7:fs 107d8
32103
*18“ 'IS**
*18*
24
8b
21
84
*2c4
19 4
|
70
98 4
32
8b
4~4
GG
33
103
108
108
..)
n
5 3 4 53 41
*22 4
25
19 4
19 4
69
1
69
bs4
99
9998 4!
29
3 i
3 L
49 4! *491, 50
94
I *914 94
37
87
*93 4 9 1 4
159 |
1584' 155
3.) 4 404
89 4:
9b 4. 9 b 4 97 |
28 41 29 '4 29 41
48 '8 49 4
88 4
194'
29
145 4
130
146
120 4 Ml
96 4 1284
114 4 144 4
124
15034
156
175
122
1404
293, 58 4
97 4 117
41
G2
65 4 9 2 s4
133
140
104
50
E
.
GO
32
32 4;
lb
Hi
1
*19
20
24
24
139
139
.84
84
86
!
*
“4*0*4
40 4
120 4
120
94
*8 4
4b
834 84 4
**4*04 *4*1*“
10 4
41
1224 122 4
*8 4
9
*8
4
9
4G
8 I
40
•
84 4
127
*87
*58
T20
130
90
63
125
*127
*2G
28
*26
*88
*56
*120
r
844
130
91
62
125
t324
129
884
*56
120
40 4 40 4'
122 4 122 4
'8
*43
4‘
!
129
:
89 4
02 !.
12)
.
*2G
9
4
817e
46
l
129
99
60
12 1
b
2b
27
90
b
40 4 404
*1204 121 4
*8 4
9
*43
"106
15,750
82,790
4,219
lb,7 50
50
150
70
310
100
1,050
262
15
18
13
18
84
1132
39
117
129
91
bO
98
223
80
125
127
91
100
25
88
59
122
17
6
4
64
64
64
.6 4
6 4'
550
G5
9j 31
12 25
Fob.
Jan.
Jan.
145
117
14 4
8
02x4
40
76 ‘t< 93^
Mar. 13
Jan.
Jan.
133
5
90
0 62
8 125
27•’h Jan. 19
17
2 270
Jan. 15i
Jan.
Jail.
27 4
14
14
Jan. 15
Feb.
13
made at the Board.
t Lowest price is
ex-divideti!.
1494
974
804
132
36 7s
24
24
26
245
4 4
1934
374
18
1 ®8
4
6 34
4
278
4
2 240
171 G7s Mar. 20
27! 18 Jan. 3
4 Jan. 12
29j
2
4
2 34
14
14
1
prices asked; no sale was
74
00
5 1024
120
Jan.
9 4 Mar.
40 4 Mar.
85 4 Mar.
Mar. 17 135
Mar. 10 93
Mar. 22 054
Feb. 19 126
Feb.
5 4 Feb.
14
Feb.
4 Jan.
270
Mar.
l“l
794 Feb.
127
*©0
M ar.
Mar.
Feb.
Feb.
Mar.
Feb.
Jan.
Feb.
Feb.
Jan. 15
534
11934
191 15 4 1934
6! 19
19 4 304
25
Jan. 17
Jan.
14
27
134 23
40
33
35 4 J an.
91 4 Mar.
103
128
4
20,144
Jan.
32 34 48 34
43'% Jan.
8
37 4 Jan.
46
! 12 ;4 12 i 4
I
1,593
G44 Feb. 261 GO4
30
Jan. 22i 47
7
28 4 Feb.
334
I0f>4 Feb. 131109 4
28,085
50
.
31
46 7e
28 34 4 -I an.
66 *a
43
23
54 4 Jan.
10(5
4
28 100 4 Jan.
794
42 a4
26
15
404 Jan.
68
994
20
97 4Ja;«i.
20 159
Mar. 22 108 4 166 4
55
34
43
Jan.
364 .ran.
981.; 11934
91 4 Feb.
1014 Jan.
3b4 Jan.
2b 4 Feb.
23-> 39 7s
45 ‘3 71‘-'8
57 4 Jan.
414 Feb.
83
824
824
T
1004 .1
2*1*6
1* 1*0*6
1077el0>>4
1U7 4 107 4
r
29 4 Feb.
48
Feb.
! 89 Feb.
Feb.
35
2b I 9L
Feb.
Feb
22.198 ; 133
*
336
bo
,94
*18
.
53
53
*51
53
22 >4 22 3.,
23
19 4 19 4
19 4
*
70 4
08
68r>8 09
97
97
*97 4 99 4'
31
*2.3
31
I *29
48
48 4
4
49
49
92 4
*91
*91
92 4
3 1
38
*35
*35
84
94
95 4!
*9 4
15b I I T.) 4 ]
152
39
40
ob 4
39.7fe
95 4 9b
95-4
28 •{, 29 4
29
29 41
49 4
4
49 4 49 4!
414
4
,
Mining
the bid and
Feb. M
Jan. 18
1084 Jan- 20
122
Jan.
9
1361, Jan. 4
151 4 Jan.
5
1274 Jan.
5
55
Jail. 18
1134 Jan.
5
49 4 Mar. 9
854
Feb. 15
Jail.
5
683., Fob. 20 84
lbo 1383., Mar. 6 142
Jan. 26
200
Mar. 19
31
Foo. 26 54
3 4
74 Mar. 5
214
34 Jan. 20
lGi'.ioo 118 4 Feb. 16 1294 Jan. 4 116 4 150 4
51
38
74
21,600
4 Jan. 20
4
394 Jan. 2
4
96 4
92
Mar. 12
82
87 4 Feb. 21
8
16
8 4 Feb. 21
1,510
104 Jan.
2
loo
146*4 Feb. 20 18 4 Jan. ‘J 15 4 264
200
30
Jan.
2 334 Jan. IS 29 *o 42 «8
900
6
16
5
8 *4 Mar. 22
Feb.
9
no
45
38
Mar. 6 463, Jan. 17
“526 72 Jan. 3 8734 Jan. 30 72 1114
100
92 4
7o
61
Jan. 16
73
Feb. 17
Jan. 30 127-4 1504
1,558 141 4 Jan. 3 M7
Jan. 22
77
Feb. 17 8L
3*22*6 27 Feb. 16 35 4 Mar. 12 30
494
33 4 Jan. 18
23 4 45
26
Feb. 16
3,930
120 4
11,070 1064 Feb. 16 1144 Jan. 18 98
270
65
Jan. 18
49 4
60
Jan.
2 65
11,4 85
51-4 Feb. 19 58 4 Jan. 20 46 4 10034
78
68
Jan.
5 57
55
Mar. 9
60 4
3,20*6 40 Mar. 21 534 Feb. 9 40
98
200
82
90
Jan.
18
4
84 \ Jail.
3
53
Feb.
10
53
40
48
Feb. 21
*4*9*6 15 Feb. 21 264 Mar. 15 15
37
400
Jan.
Feb. 19 55
8 42 4 F2-4
36
93
150
85
Jan.
8 77
79 4 Mar. 7
105
90
Feb. 20 1004 Jan. 19
77
8,u7i
21
18
J an
4 13
15
Feb. 28
*‘b*66 42 Mar. 5 484 Jan. 20 41 \ 584
36 4
224 Feb. 20 3034 Jan. 18 19
“4*0*0 52 Feb. 20 6s 4 Jan. 18 59
77
10,750
294 Feb. 20 314 Jan. 18 264 42 4
1 a, »> 15
974 Feb. 26 105-4 Jan. 19 86-4 1124
3534
15
Feb. 16
194 Jan. 5 12
**i*2*7 120 Feb. 15 124 Jan. 9 1193, 128
87 4
2,0t»0
65-4 Jan. 3 614 J an. 22 47
15,715 124 4 Feb. 3 129 4 Mar. H) 123-4 138
15 4 .lan.
Feb.
10
2
1,920
5 10 4 17»4
700
Jan.
4 27
375r
Feb.
23
7 35
222 101
1094
Jan. 13 105
Feb. 16 100
-Y..
237
89
4 Mar. 5
854 Mar. 1
13,550 314 Feb. 20 404 Jan. 18 33 4 *4334
5 67
Jan.
884
Feb. 19 83
75
60 4
9
45
200
3
52 4 Jan.
45
180
302 1169
Jan. lb 175 Jan. 10 168
1,598
214 Mar. 2 27 4 Jan. 15 20 4 317e
60
1,330
37 4 Feb. 2 b 494 J an. 20 44 4
52.242
444 Feb. 20! 5 1 4 Jan. 20 284 5438
19
100-4
664
'48.257
874 Mar.
794 Feb.
114 2 5 5a
9 4 Feb. 16; 134 Jan. 18
3,811
42
27
41
li!
29
Feb.
314 Jan.
23 4
10
Feb. 2| 134 Jan. 18j 11
98 a4
Jan. 19: 60
17.220
Feb. 20 89
79
393-4
Jan. IS 23
1,250
194 Feb. 19 28
18,4 00 ; 494 Feb. 20, 5© 4 Jan. 18 464 67 4
139
10 135
138
Jan. lb'130
Jan.
144
Mar. 3'131 4 144
1139 4 Jan.
40
"iso I 10 Feb'. 20| 15 Jan. r>; 13
250
J an. 181 52
600 ' 47
Jan. 13 bo
263
Jan. 30 23
Feb. 16! 29
600
21
17 4 364
Jan. T>
2,985 i 164 Feb. lb! 22
1,000 ! 48 Jan. 3i 714 Mar. 10i 204 50
00
94 4
300
90
Jan.
3j
an.
46
*
Robinson Mining
Silver Cliff Mining
aro
73
30
97 4
97 4
27
_
i364 *xl31 135 4
53
23
19 4
53
23
Standard Consol. Mining
Cameron Coal
Central Arizona Mining
Dead wood Mining
Excelsior Mining
These
Jan.
•1 I
1 1
3
18 63
5 82
20 19
2u 27
22 21
2 2 1 27
-
*
Maryland Coal
Pennsylvania Coal
Stormont
Jan.
80 4
*
24 4
38 4
3 i 4
11004 102 50
*17
18-y
4
*17
123 4 124
*58
59 4
125 4 125 4 125-4 125 4
11 4
11 4
114 114
28*4 28 4
28 4 28 4
304
174
171
*25 'a 2b
414 41 4;
50 le 50T8
80:4 87 -V
12 :V
12
84 4
78
1634
58
42 4
85
43
H) L 4 102
1.43.,
7 :J,
1104!
*50
40
85
*42
24 4
38 4
*80
94
““l!““*!
MISCELLANEOUS.
Mutual Union Telegraph
New Central Coal
Ontario Silver Mining
26
19 4
*32
i *33
8t. Paul A Duluth
*94
Do
pref
St. Paul Minneap. A Manitoba! 14b4154
39 4 39S
Texas A Paciiic
American Tel. A Canle Co
American District Telegraph.
Colorado Coal A iron
Delaware A il udsou Canal
* ’
83
*
27
53
.
......
914
304 314
101-4 102
l 8 1.
2534
136
.
Paciiic
!
Wabash St. Louis A Paciiic ...i
Do
pref
4-14
*25
58
314
42 >4
50
in >8
23
53 4
prof ..I *48
1st pref.| *91
Union
44
2b
60
.....
3 > ‘4|
31 |
62 4
54-V 55
43 4
87
45
25
40
*84
*43
25
'80
95 4
1 6°4
44 4
*
*17
49
173 4 17 3 4
86sa
pref., *97
Francisco
j *28
j
1 7 :j.
*4
•
...
.....
85
1234 12341*1224
*58
*58
59
125 4 125 r‘y 125 4
12
:2
114
*28
29
29
*100
103
105
89 4
37
37Je 37 4
85
ll7s
OhioCentral
Ohio A M ssissippi
Onio southern
I
Oregon A Trans-Continental., j 83
23
Peoria Decatm A Evansville..!
Philadelphia A Beading
I 52 4
Pittsburg Ft. Wayne A Chic... j
Rensselaer A Saratoga
1
Rich.A Allegh., st’ek trust etfs.
Richmond A Danville
! 53
Richmond A West Point
i 23
Rochester A Pittsburg
j 19
St. Louis Alum A Terre Haute *68
91
33 4
30 ;j4
no
62 4
33 4
30 4
1094 110
63 4 63 4
53 4 54 4
......
*80
102 4 102' 4
42:U\
4.2*4
95 4
lba4
*
45
26
*44
*25
58
Minneapolis A St; Louis
81
78
33 *
30
*33 4 ‘*33
33j4
31-4 3134
1104 110
30 4 31 34
109:‘4 1104
62 78 62 4
54
544
Lake Slime
Homestake Mining
Jan.
60
67
_
*
leased lino
Indiana Bloom’n A Western
Lake Bi le A Western
7
128 4 Feb.
2
M3
Feb. 20
118
Feb. 21
3*0*6
46 4
*87
......
974 Feb. 20
3,408
4-134 Fob. 10
2,505 10234 Feb. 19
123-4
\
234 Jan.
1084'
46-4
84
4 1
80
*
42
*39
*86
*87
23
1164 Feb.
900
123 4
4 a •§
20 4 Feb.
29 4 Feb. 24
354
22 4 Feb. 26
27
130
Feb. 26 1374
MO
leb. 10 145
11534 Feb. 20 i 25 4
I0734
i
4b 4
90
9
46
4 b :,4
90
Foo.
2,130
rt
713,, Jan. 19
15
Jan.
76 4 Jan.
88
Jan.
12234!
4
Jan. 17
5
Jan.
614 Feb. 1
82
88
3
7
G,400
......
......
.....
......
73
Fab. 27
12
11034 11934!
132 3(3 133 j
48:4
474
6,188
Mb
146 4;
122 4
48 ‘vs 4 8 ‘h;
iub''tt ;o7 4
*724 **72**
72 ‘4
17
......
*39
42
81
8L
79
*74
143 4 144
Do
‘J
L*J
124 4 1234124
*87
*9
*ib
*864
*0
”714'72V1
*
73
122'4 123 3 j
Bast Tennessee Va. A Ga
Do
pref.
Fort Worth A Denver City
Green Bay Winona A St. Paul
Hannibal it .St. Joseph
«'33.i Feb. 19
"
7
4b
*
1;.24 132 4
1324 134 4
145 4 1 40
122 4 122 4
48 4 48 4
J 07:,4 108 4
4
*
*30*0
G,305
J
80-4
22 4
7
A
Low. High
Highest.
67 4
67
*714 •71 Vi
8 0*4
'; 0
Lowest.
200
|
.
66 ve
66 *a
67 4
6? 4
674
(Shaies).
79
Jan.
3
80 4 Feb. 15
58 J., Feb. 23
.....
.
For Full
Yroar 1882.
Range Since Jan. 1, 1883.
Sales of
t heW.ek
1
81
80
80 4 814
*21
224 *21*4 224
32
*32 4 3 2 34
32
23
23
*23
24 4
135
135
1334 1334
*135
*137
121
1214 1204 121-4
1014
1014 10; 4 101
119
1194 4184 ] 194
41074
*6
Central
A West
Dubnqae A Sioux City
Do
Do
*78
23, AND SINCE JAN. 1, 1SS3.
■t
1
"To
67 4
Cincinnati Sand. A Cleveland.
*72** 74 *
Cleveland Coi. Ctn. A l ud
140
Cleveland A Pittstmrcr guar.:. *139
Coluinbi.a it Greenville, pref..
Do
Thursday. 1
Friday.
M.u eh 22. ! March 23.
*72*4 *72*4 *7*1*4 ’724
iOl :,4
101
pr«f
St. Louis A San
March 21.
......
119-4 120 4
Chicago A North western
Do
pref..
Chicago Kook Isl. A Paeillc—
Chicago St. Paul Minn. A Om.
Do
4
*23
134
*137
pro;
Do
!
*
Chicago Burlington A Quincy
Chicago M ilwaukee A St. Paul
OolnmbiiH Chic. A Jnd.
Delaware Lackawanna
Deuver * Itio Grande
PRICES.
| Wednesday
.
80
80
*78
*71*4 72*
prof
pref
Do
Monday.
March 19.
1
1
*80
59 4
Chesapeake A (thin
I) >
1st
1>
2d
Chicago A A Iton..
Do
pref
LOWES'!
AND
HIGHEST
DAILY
[VOL. XXXVI.
Match
THE CHRONICLE.
24, 188?.]
335
<JDOTATIONS OF STATE AND RAILROAD RONDS AND MISCELLANEOUS SECURITIES
STATE
Bid.
securities.
_
Os,
..
small...
1 ‘.Mb
10-Os, 1000
A6Mund» d, 1 MOO-1000
..
Rock A Ft. s-. ins.
7s’ Memp.it L. Rock HR
7rtB. R.lMbit N.O. Hit
7s' Miss. O. it R. R. RR.
7s’ Arkansas ('mi'. HR.
Connecticut-Os, »883-4..
7s, L.
Georgia- bs lSHb
7s. new,
7s,
1MS0
|
81V 82 i-j
“J
lo l
i
-17
48
40
47
I
20
!
V
17«4
b’i",
50
ji
*)*>
it
-
10*2
endorsed. 18Mb
1800
Os, due 18815
Os, due 1880
101
! 100
i 107
Bo
New York—
Louisiana-
09
consol., 1011
small
Bo
108
110
New
1890....!
A..to
Chatham RR
.
112 'ii
1.809 \ .
nou-lundable, 1888. i j
Brown consol’n Os, 1898
Tennessee—Os, old, 1892-8
1
5
5 D
6 Hi
5
73
-
!
Os, 1.880
81
81
Rhode Island—
Os, coupon, 1.890-99
....
Bo
Bo
|
110
Iowa
119
Rich, it Ah—lst, 7s, 1920j
Rich. A' Danv.—Cons.g.,Gs
Ext.-1st, 7s, 1909 115
2d, 7s, 1891
! 100
S’thw.Ext.—1 st.7s, 1910 * 110
Par. Ext.—1st, Os, 1921 1*101
2d, 7s, 1885
*105
1 st,cons.,guar.7s, 1900/ 125*2
Ala.Central-]st,bs,l 18!
1st cons., Os, 1900
‘ 113 ;115
Alleg’vCen.—1st,Os,1922*
j
Reus, it Sar.—1st, coup.I 138
Missouri Kan. it Tex.—
a tcli T.it. s. Fe—4 «2,19201
!
;
A
Gen. coil.. Os. 1920
1st,
' 79*4 7934
reg., 1921
1
Sinking fund, Os,
1
Denv.it RioGr.-lst.1900, 109V
Cons. 7s, 1904-5-0
1 105*4
Atl. & Pile.—1st, bs, 1910
9‘j
91
1st consol., 7s, 1910
91V | Cons. 2d, income, 1911.! 57 *a 58
Balt.it O.—Ist.Os.Brk.Br.
9-1
II. it Cent. Mo.—1st,’90 *100
Denv.So. P.it Pac.—1 st,7s.
:108
Bost. Hartf.it E.—1st, 7s
91
107 ‘4
Det.Mac. it Marq.—lst.Os
Mobile it Ohio.—New. fis
Guaranteed
-103
Land grant, 3 His, 8. A
Collat. Trust, Os, 1892..
Bur.C.Rap. it No.—1st,ns
il7* Morgan’s IiU.it T.—1st, Ox
E.T. Va. it G.—1 st,7 s, 1900 110
Minn.&St. L — lst,7s,gu
.71
72
1st, cons., ns, 1930
Iowa C. it West.—1 st, 7s
Nasii.Chat.itSt.L.—1st,7s ll5 !ll7
92
Divisional 5s, 1930
2d, Os, 1901
C. Rap. 1 a. F. it N.—1 st ,0s
104 34 i05 *4
Eliz.C.& N.—S.f..deb.c.Oa
N. Y. Central-Os, 1883..
1st, 5h, 1921
107*8
1st, Os, 1920
Buf. N.Y. it Pliil.—1st, bs
Os, 1887
94
95
'102*4'
Eliz. Lex. it Rig 8.— Os...
Os, real estate, 1883
Central Iowa-1st,7s, ’99a
109
128
-102*4!
Erie—1st, extended, 7s...
Os, subscription, 1883
Char. Col. it Aug.—1st,7s1
N.Y.C. it II.- 1st, cp.,7s 129 V131
2d, extended, 5s, 1919. J 107
Ches.it Ohio—Pur. ni’yfd.
! 130**4
4th, extended, 5s, 1920.; 107
1st, reg., 1903
6s, gold, scries A, 1908. *108 1
Huds. It.—7s. 2<l,s.f.,’85 107 i
5th, 7s, 1888
!
6s, gold, series B, 1903.
“' *
'
90
1st cons.,gold, 7s, 1920. j 125
Os, currency, 1918
1125*2 Can. 80.—1 st,int.g’ar.5si
131
l'tcous., fd. coup., 7s..i
Harlem—1st, 7s, coup..!’130
Mortgage Os, 1911
!
1 st, 7s, reg., 1900
Reorg., 1st lien, 6s, 1908 j
1110
Chicago it Alton—1st. 7s.
p 130 >181
N.Y. Elev’d—lst,7s,l900: HO 1117
Long Dock b’ds. 7s, ’93. *
121
Sinking fund, Os, 1908
118
La. it Mo. Riv.-1st, 7s. |
!N.Y.Pa.itO.—Pr.l’n.Os.’Onj
US Hi BufLN.Y.itE.—lst, 1910*131
j
N.Y.L.E.<tW.-New2d 6|
N.Y.C.itX.—Gen.,0s, 1910, *47_
2d, 7s, 1900
!
95Hi|
47
Trust Co., receipts
St. Ii. Jack.it Chic.—1st! 117
2d, consol., fd. ep., 5s.
! 40
N.Y. it New Eng.—1st, 7s *115
Biif.itS.W.—M.Os, lUOSj
1st, guar. (504), 7s,’94. 117*4
97 H2 !
Ev. A T. IT.—1st, cons., Os' *96
1st, Os, 1905
2d (800), 7s, 1898
1
1
!
115
Fl’t it P.M’rq.—M.Os, 1920,*
N.Y.C.&St.L.-lst,0s,1921! 9578 90
2d, guar. (188),7s,’98.
'
(Stock /exchange
Prices.).
10} 1.1*100
SciotoVah
i
I
!
,
2d, Os,
..
Loh.&W.B—Cen.g’d.as! 102 *8 102 Hi
11ous. E.it W. To x.—1 st .7s
Nevada Cent.—1st, Os
jN. Pac.—G. 1. g.. lst.ei>.0si
!
Registered, Os, 1921
1
N.O. Pac.—1st. Os, g., 1920
112G Norf. it W.-G’l, Os, 1U31.
;104 Hi':Ohio it Miss.—Consol,
105
!
109*2,1
jj
|!
j
101
103
110
.
Wis.it Min. 1)..
5s, 1921
C. it N'west.—S.fd ,7s,’85,
Interest bonds, 7s, 1883; 103
Consol, bonds, 7s, 1915. 131
Extensa bonds, 7s, ’85.!
1st, 7s, 1885
1*105
Coupon,gold, 7s, 1902.. 124
:
;
41
j:
Hi1
j
1
!
!
Hi'125
'!
*124 32!
Reg., gold, 7s, 1902
Sinking fund, Os, 1929.1*112Hi
,
Sinking fund. reg...
*
112 !
Sinking fund, ns, 1929. 101*2 10178
Sinking fund, reg
jj
Escairait L.S.—1st, Os
114
Des M. it Min’s—1st, 7s
!i
Iowa Midland—1st,8s..
13 J
183
Peninsula—1st,conv. 7s 120 1
Chicago it Mil.—1st, 7s
! 122 Hj
Win.* St. P.—1st,7s,’87 10744! 108
°‘*
2d, 7s, 1907
j 125
Mil.&Mad.-l st,6s,1905 ......;115
C.C.C.it Ind’s—1st ,7s,s.f.
Consol. 7s, 1914
121Hi
C. St. P.M.itO.—Consol., Os 100:,4 107
...
......
C.St.P.itM.-lst,0s,1918 114Hi:115
N.
Wis.—1st, Os, 1930..
St.P.&S.C.-l st ,0s, 1919
Chic.&E.lll.—lst,s.f.,our.
Col.it
96
Green.—1st,Os,1910
2d, 6s, 1920
;
iiTvii'i'!
1100 *2
79*2'
Col. H.Val.it Toh—1st, ns
80
Del. L.&W.—7s, conv.,’92 -110
Mortgage 7s, 1907
*125 V
Svr.Bing.it N.Y.—1st,7s
Morris it
*123
'128
Essex.—1st,7s
2d, 7s,1891
Bonds, 7s, 1900
130Hi 138
7s of
122
1871,190i
112
1
80
93
93
87**4!
19G Hi
*52*“
57
79
50
80
82
87
109
108
89
94
101*34
100 Hi
89
92
105
109
‘
i
!
93>4
*03
Han.it Naples—1st,7s
Ill.itSo. la.—lstEx.,Gs
108
St. L.K.C.itN.—lt.o.7si*
Om. Div.—lst, 7s
198
Clar’da Br.—Os. 1919)
97
St. Cliaa. Br.—lst.Os
No. Missouri—1st, 7s. 119 Hi 120
111
West. U11. Teh—1909, cp.
' 01
jl03H>
'103
...
09
lT’n—lstf0s! 100
102
Pac. RRs.—Cen. P.—G.,0s! 1 14*4 114 Hi
1
San Joaquin Branch..) HO
1900, reg
)
Cal. it Oregon—lst, Os,'103 V
;N. W. Telegraph —7s,1904
!Mlit.
State Aid bds., 7s, ’84!
Un.T.—S.F.,0s,1911
!
S>)i ing Val.W.W.—1 xt, Os
Land grant bonds, Os. ■ 104 Hi'
West. Pac.—Bonds,Os 109 V
.Oregon RR. it N.—lst, Os
Peoria it Pek.
i‘10*
85
82
'
.
So. Pac. of Cal.—1st. Os.;*105'2
Union Pacific—1st, Os..! 114*4 ]14Hi
.band grants. 7s, ’87-9. i
: 10
!
INCOME
(Interest
/m
i'ti(j34 107*
BONDS.
1) iblc if eurnert.)
Ala. Cent.—Inc.
,
*13
81
;
Ha1
85
74
GO
33
34
•«
126
1
'
i
101
I
1st, Tr’stCo.ctfs.,ass’dj
2d. Tr’st Co.etfs.,ass’d
lst/lT’t Co.etfs. sui))>!.!pllO
!
4*9“
*35
”4*5*
40
'*8*d“
43
*30
no
8 2 Hi
49
St.L. V.itT.
H.—lst,g.,7s. 114
!
2d, 7s, 1898
2d, guar., 7s. 180S
!
Pitts. B.iv B.-lst.0s,1911;
Rome W. it Og.—Con. 1st.*
72
I.sterliu
....
90
*97 7s
made this week.
98
*q
Roch.it Pitt.—lst.Os. 1921
t
101
Coupons on since 1803
j
M
t.Ry.—Inc.,’95
St. L. A. it T. 11.—Div. bds
Tol. I :-el.itB.--111c.,(5s.1910
.
i
105
*5*9*'
31
28**
*6*6*'
*
43 Hi
*'42
53 Hi
l.st, 7s,jpref.,int.accum.j 121
2d, Os, mt. accum’lative v 113*4
Ist’g Lit Ry.-Ser.B.,iuc.'94
| Plain incomes, Os, 1890.
Daytou Biv.—Os, 1910..
Tex.jc-'st.L.- L.g.,inc 1920
Hi
id*
..
_
No price Fridav— these are latest quotations
94
107 H»
Wabash—M.,7s, 1909..
Tol. it W.—lst,ext.,7s 100*2
1st, St. L. Div.. 7s, ’89 *190
100
2d, ext., 7s, 1893
Equip, b’ds,7s. 1883..
90*
Consol, conv., 7s, 1997
Gt, West.—lst, 7s, ’8Si*i04Hi
^
2d, 7a, 1893
Q. it T.—1st, 7ft, 1899.
—
i
i()d**2
...
'
123
i 02 3.4
Cairo Div.—5s, 1931
80
85
1
192
Div.—Os, 1921
Ind’polift I)iv.—Os, 1921
Detroit Div.—Os, 1921..
887d
■
Trans’l-Os,’82-1922;
Oreg. Imp. Co.—lst, 6s... j
Panama-.S.f.,sub.Os,1910! 103
Peoria Dcc.it Ev.—1st, Osp
Evans. Biv., 1st,Os.1920
..
Central—1st,Os,1920!
-1st, Os, 1921
Iowa
119
1st Ter’l Tr., Os, 1920...!
1st Min’l Div., Gs, 1921.;*
Oliio So.
TohP.itW.-l8t.7ft.19l7
-
Os, 1918.
Sinking funds, 8s,’93.' 115*2 HO
AUeg’v Cent. —Inc., 1912.
Registered 8s, 1893. A
!
i
Atl.
it‘Pac.—Inc.,
1910...
Collateral Trust,Os... *
|103
Ventral of N. J.—1998
Kans. Pac.—lst,Os,’95 *108*2
jMich.S. it N.I.—S.fd.,7s1 100:*4!....
Col.C.it I. C.—Inc. 7s, ’90
Clove, it Tol.— Sink. fd.^lOo'a
1st, Os, 1890
! losv
....
'
1109
Den. Div.,0s,as’d,’99 108
New bonds, 7s, 1880..; 107
108*4
lteorga’n Tr’st (b). Cert.
Cent. la.—Coup.debt ell's.
lst consol., Os, 1919.;
Cleve. P. it Ash.—17s
'
!
109
liufl’. it Eric -New bds. HO
C.Br.-U.P.—F.c., 7s,’95
jCh.St.P.itM.—L.g. ine.Jis
j
ICbic.it K. 111.—Inc., 1997;
Kal. it W. Pigeon—lst.>*100
At.C.itP.—lst,0s,19i)5
99 ,
At. J.Co. it NY.—1st, Os *
Dot. M.itT.—1 st,7s.1900
: S9-4 H)esM.it Ft. I).—1st,inc.Jls
i Bet. Mac. it Marq.—Inc..
Lake Shore—Div. bonds *121 Ha
Oreg. Short L.—lst.Os! 95*
103
Ut. So.—Gen.,7s ,1999 101
'E.'r.V.itGa.-Inc.,0s.l9311
Consol., coup., 1st, 7s.| 124 ;
191
Exten., lst, 7s, 1909,
jEl.C.it No.—2d, iiic.,1970;
Consol., reg., 1st, 7s..! 124 j
;iu3
Ji. BavW.it St.P.—2d.inc.
Mo. Pac.—1 st, cons., Os.
Consol., coup., 2d, 7s.,1 1207g 121
! I nd. Bh it W—Inc., 1919
3d, 7s, 1990
I 112 *
Consol., reg., 2il, 7s...! 120 I
Pacific, of Mo.—1st, Gs 195
! 105*2 j Consol., Inc., Os, 1921..
Long I si. R.—1st,7s, 1898 *1187fl 119*4
2d. 7s. 1891
1st consol., 5s. 1931
) I lid’s Bec.it Spr’d—2d inc
i 9sA4; 98Ha
j IIO34 113
98 *2
St. Ii.it S. F.—2d,Os,cl. AI
Louisv. it N.— Cons.7s,’98 11*3
j Trust Co. certilicales.. |
119
90
?Lel».
it Wilkesb. Coal-’88 -1
2d ,7s, gold, 1883
3-Os, class C, 190)5
i
'■ 102 j
lLake E. it W.—inc.7s. ’9‘Jj
Ceeilian Br’cli—'7s, 1907 *101 Ha
3-Os, class 15., 1990....
90
isand’ky Div.—111c.. 1929;
N.O. it Mob.—lst,0sl930:
lst, Os, PeireoC.itO-.j
““ I 95
98 !l()2
E. II. & N.—1st,Os,1919
Equipment, 7s, 1895..; 109 ; 103 *2 ! Laf. Bl.i&Mun.—Inc.7ft,’99i
94 34 95
1 Mil. L. s. <t W.— Incomes
Gen. mol t., Os, 1931..!
General, Os, 1930
90
So. Pac. of Mo.—lst
lot”; 105” 5lob. it O.—1st prf. doben.r
Pensac’laDiv.—Os, 1920!
2d pref. debentures
99
Tex.it Pac.—lst.Os,1905.*194
*
St. L. Div.—1st,Os,1921;
j
3d pref. debentures
Consol., Os, 1995
| ......: 96
2d, 3s, 1980
i *45
GO
4th
112
Income
it
Ld.
115‘a
pref.
debentures
Nasliv. it Dec.—1st, 7s.I
gr., reg.!
Go*2
N.Y.Lake E.itW.— 1 nc.<>s
1st,RioG.Div.,03,1939
81 Hi, 82
S.itN.Ala.—S.f.,Os,1910:
N.Y.P.itO.— lstinc.ac.,7s *
Lcban’11-Knox- Os, 1931 .*100
Pennsylvania RR.—
Ohio Cent.—Income, 1920
Louisv.tbit Ii.—Os, 1931 *100
!
l’a. Co’s gu v. 4 *2S,lst c.
95 | 90
Min’l Div.—Inc.7s,1921
L. Erie itW.—1st, Os,1919!
98
: 95 *2
j
Registered, 1921
Ohio so.—2d i 11c.. Os, 1921
97
! Pitt.C.itSt. Ii.—1st, c.7a
j
Sandusky Div.—Os, 19191
Ogdens.it L.C.—luc., 1920j
Laf. Bl.it M.—1st,Os.1919; *98Hi 100
lst, reg., 7s, 1900
1
Small
Louisv. N. Alb. itC.—1st, Os' 101 7^
|
2d, 7s. 1913
1
Peoria B.itEv.—111c., 1920 *
1
Pitts.
Ft.
W.
<t
Cli—
'88'
lst
13G
Mauliat. B’eliCo,—7s,l 909 *
j
I
\
Evans. Biv.—Inc., 1920j
125
2d, 7s, 1912
133
N.Y.&M.B’h—lst,7s,’97
1
133
Marietta <t Cin.—1st, 7s.
3d, 7s, 11)12
*
131
Peoria&Pek.Un.—Inc.,Os)
Koch. <t Pitta.—Inc..1921 j
1st, sterling
j Clev. it Pitts.—Cons. s.f. 125 i
96
i Rome W. <t Og.—1 nc., 7s. j
97'
4th, sink, fd., Gs, 1892. 198 Hi
Metr’p’lit’n El.-—1st, 1908
81
Col.C.it I.C.—1st, consol. 148
,So. Cat. Ry.—Inc.,6s, 1931;
1
2d, Os, 1899
st. Louis 1. Mr. it So.—
74
Mex. Cen.—1st, 7s. 1911.
i
2d consol., 7s, 1909
j
1st, consol., guar.. 7s. 121
12130 Mich. Ceil.—Con., 7s. 1902
N.Y.Lack. <fcW.—1st, Os 113*4 113*2
Consolidated ns. 1902
Del. & H.—l.st, 7s, 1884.. 102-VI <>1
Equipin’t bds., 8s, 1883.
7s, 1891
115
Os, 1909
1st, ext., 7s, 1891
116
Coupon, ns. 1931
Coup., 7s, 1894
115
Registered, ns, 1931
Reg., 7s, 1894
Jack.Lan.it Sag.—Os.’91
115
let, Pa. Div.,cp.,7s,1917hl23
Mil. it No.—1st, Os. 19)0.
124
Pa. Div., reg.. 7s, 1917. > 123
Mil.L.S. it W.—lst.Os,1921
124
.
Ohio
1931
lst, Dayt. Biv., Os, 1910
lst, Ter’l trust, Os, 1910
Va. Mid.—M. inc.,0s, 1927
Wab. St.L. it P.—Gen’l.Os
Chic. Biv.—5s, 1910
liar. Biv.—Os, 1910
122
1st, Springfield Div,, 7s|
Or.it
..
:l
| 91 Hi;
..
2d consolidated 7s, 1911
*io«"
Rv.—lst, Os, 1920
lst mort., 7s, 1911
117.j
'
.
1
f.
ioo'v
109 i.»
108 *4 no
110
Tol. Del. it Bur.—Main.Os
l()4*s 104;*s
j■ -
liOreg’nitCal.—1st,Os,1921,
Ill.Cent.—Sp. Div.--Cp. Gs, i*i*6"
Am.D’kitlmp.—ns,1921
88
132
Middle Div.—Reg., ns..'
C.M.&St.P.—1st, 8s, P.D.
C.St.L.it N.O.—Ten.l.,7s; i'lT
2d, 7 3-10. P. D., 1898.. *120’-a
,
114
1st consol., 7s, 1897
1st, 7s, $ g., R. D., 1902. 124 [123 h
2d, 7s. 1907
1st, LaC.fliv., 7s, 1893.! H < Hi 119*2 1
1 103' '1*25
1104
Gold, 5s, 1951
!
1st, I. it M., 7s, 1897...! 119 jl20 ;i
2d Div., 7s, 1894
1st, I. it D.,7s, 1899....* 119 \
\ 111
V
let, C. <t M., 7s, 1908...: 123 j
!| Ced. F. it Minn.—Is 7s
Consol. 7s, 1905
! 120 122 j! 1 lid. Bl.it W.—1st prf. 78 *119
88
2d, 7s, 1884
!
i*
100 i| 1st, 4-n-0s, 1909
! "^3
M 2d, 4-n-Os, 1909
1st, 7s, I.itD. Ext., 1908: 120
93
S.W. Div., 1st, Os, 1909.’ 108
10S.*g , East’n Div.—Os, 1921... *
1st,5s,LaC.itBav., 1919
90 I
j! Imlianap.D.itspr.—1st,7s' 101 Hi 102
1
1 --let, S.Minh.Div.Gs,1910'; 305 1107 j! 2d, 5s, 1911
*117*2 119 !' Int.it G t.No.—1 st,,0s,gold 107 V 108
1st, 11. <t I)., 7s, 1910
Ch.it Pac. Biv.,0s,1910 *10i>Vlll
ii Coupon, Os, 1909
83*4 83
lst.Chic.itP.W.,5s, 1921! 92 V 93 1 Kent’ky Ceil.—M.,0s, 1911;
i
Miu’lPt, Div., ns, 1910.7
Lake
it
Mich.
So.—!
siiore
! 92*4
j
C.&L.Sup.Biv.,5s,192l|
s.
Consolidated 7s, 1898
!
109
79
108*4
Tex.Cen.—lst.s,f.,7s, 1909
70
757s
;N.Y.W.Sb.it Buff.—Cp.5s!
116"
108 Hi
100
Rollev. its. 111.-lst. 8s
S t. P. Mi n n. it Mail.—1 s t,7 s
2d, Os. 1999
Dakota Ext.—Os, 1910..
Min’s U11.—1st,Os.1922.
St. P. it Duh—lst.5.3,1931
So. Car.
'
S.Ant.—1st,Os’
109
2d, pref., 7s, 189 4
2d, income, 7s. 1894
;
|
,
Gal. Har.it
95
ii\V
'109
2d, 7s, 1897
Arkansas Hr.—1st, 7s... 198
Cairo it Fulton—1st,7s. 198
Cairo Ark. it T.—lst, 7s
Gen. r'vit 1. gr., 5s, 1931
iSt. L. A lion tt T. II.—lst.
..
J.......
t
lst, cons., 7s.
Mt.—1st, 7s
st. L. it Iron
...
.....
—
90
05
75 H
Incomes, 1900
!
..
Miss.R.Br’ge—lst.s.f.Os,'
70
94 Hi
03:i4
Debenture Os, 1927
At hitch.—lst, p., 7s.,’97
j1
1
2d. 78,1905
C.B.&Q.—Consol. 7s,1903 120*2 120 *4
*107
5s, sinking fund, 1901..1
100 , Mex. it Pac.—1st, 5s.
la. Div.-S. F., 5s, 1919 ,*102Hi
2d, Os, 1931
S. F.,4s, 1919
...... J
89 l Gr’n Bay VV.its. P.—lst.Os 79
Denver Div.—4s, 1922..
88*2 s378 Gulf Col. it S.Fe—7s, 1909! 112
IIan.it St.Jos.— Ss, conv.. I 104
48,1921
Consol. Os, 1911
C. K. I. it P.-Os, cp.,1917 128 <d
! 104
Hous.it T.C.—1st,M.L.,7s; 109
6s, reg.,1917
*123
103*o:
lveo. it Bes M.—1st, ns.
1st, West. Div., 7s
! 100
Central of N. J.—1st, ’90. 115
1st, Waco it N.,7s
i 112
2d consol., main line. 8s,*118
1st consol, assented, ’99 111 *4 111 **41
2d, Waco it No..8s,1915'
Conv., assented,'7s,1-902 112 1113
General, Os, 1921
• 99
Adjustment, 7s, 1.903... - - — j
small.
registered...
BONDS.
Minn.itSt.L.— lst.78,1927,
111
88
88
88
.
....
Small.
Ohio
102 Hi 101
40
48
42
42
44
44*4
Os, new, 1892-8-j900 ...!
Os, new series, 1914
I
C’mp’mise,3-4-5-0s, 19 ’ 2,
Virginia Os, old
'
On, now, 1.80)5
Os, new, 180 7
Os, consol, bonds
Os, ox-matured coupon.
Os, consol., 2d series
Os, deferred
District of ('olumbia—
3-G5s, 1*)24
Small bonds
Registered
Funding 5s, 1899
•
15
Bo
class 2
Bo
to W. N. C. RR !
Bo
Western RR.. J
Bo
Wil.C.it Ku.R,:
Do
W ’ii. it. Tar R.'
Consol 4 s, 1-910
IIAILHOAD
Railroad Ronds.
-
15
3 Hi
'
Special tax,class l,’98-9.
’87
Bel. it 11.—Continued— j
All). <t Susq.—1st, 7s... *
1)2-8
Bo
Ask.
South Carolina
Os, Act Mar. 28,
10
10
1.808-1898;
bunds,
Bid.
SECURITIES.
.
Enmling act, 1800-1900
«...
Gs, gold, reg., 1887
J
Os, gold, coup., 1887
j
Os, loan, 1891
1
Os, loan, 1.892
;
j
Gs, loan, 1890
j
N. Carolina—Os, old, J ,itJ.!
Os, old, A.it O
I
Ask.
N. Carolina—Continued
j
Iso Carolina RR.,J.itJl
155
Bo
A. ,t i)
t- 155
1 Jo 7 eon d’s o'f, f .A* J i 100
Bo 7 eeup’sotl. A.itO.: 100
■
do
Bid.
—
!
or
I
SECURITIES.
1
Asyl’m or Cuiv.. due ’92.
1
Funding, 1894-95
llauuibal it St. Jo., ’80.1
,
Ask.
i
7s, 1800
Os, due 1887
Os, due 1888
Os. due 18 0)
1
!
-
Ex-matured coupon
Michigan—
j M issouri—
83 *g
1 Ob J4
100 *4
114
—,
7s, gold,
7s,
7s,
Bid.
SECURITIES.
Louisiana—Continued
AlabamaClass A, :> too,
Class A, 3 to •>.
Class B, 5s,
Class <Is.
Ask.
J50NI>S.
*44*'
.
.....
37~*
80
*
llHi
••••••
THE CHRONICLE,
336
RAILROAD EARNINGS,
Tho latest
latest date
railroad earnings and the totals from Jan. T to
The statement includes the gross
earnings of all railroads from which returns can be obtained.
The columns under the heading “January 1 to latest date’’ fur,
uish the gross earnings from January 1 to, and includingThe
are
given below.
period mentioned in the second column.
Latest
Roads.
Weel:
or
Jan. 1 to Latest Date,
Earnings Reported.
Jlo
1883.
18S3.
1882.
1832.
New York City Hanks.—The following statement shows the
condition of the Associated Banks of New York City for the
week endimr at the commencement, of business on March 17:
Average amount or—
Banks.
Capital.
$
*
81,708
60,731
02.150
Cod. R. & Mo. R. January...
78.821
57,509
224.723
49,2. 9
255,114
January...
311,200
33
February’..
Duff*. Fittf-b.A W January...
Bind ’ed.Ii.A No. 2d wk Mar
Oort nil of Ga...
,780
Central Iowa
79,950
90,353
February..
Central Pacific. February.* 1,424,000 1,120.0 7 5
179.053
250,287
Chesap. Si Ohio. February..
177.534
151,770
Chicago Si Alton 2d wk Mar
Chic. Bur. & Q.. January’. . 1,025.080 1.658,834
Chic. A East. III. 2d wk Mar
31,240
27,029
37.0U4
59,003
Ohie.A Gr.TrunK Wk.Mar.l0
340.205
443,000
Chic. Mil.ASt. P. 2d wk Mar
Cliie. & Northw. 2d wk Mar
355,900
441,000
Oh.St.P.Min.AO. 2d wk Mar
90,400
91,200
27.707
Chic. Sc W.Midi. 13t wk Mar
27,300
44.905
Ciu.Ind.St.L.AC 2d wk Mar
51,191
10,019
Olev.AkroiiA Col 2d wk Mar
9,993
Col. Hoek.V.&T. 2d wk Mar
05,924
51,000
17,277
13,417
Danbury Sc Nor. January...
Rio Or. 2d wk Mar
Denv.
110,700
121,700
Denv.A R.Gr.W. 2d wk Mar
5,800
0 O’ 8
De0 Mo. A Ft. I>. 1st wk Mai
6,09-2
J>et. Lati. Sc No.. 1st wk Mar
27.450
20,410
Dub. A Sioux C. 1st wk Mar
21,803
20,17ttli wk Feb
Eastern
58.035
53,998
I3.Tonn.Va AG a. 2d wk Mar
53.583
75,037
Eliz. Lex. Sc B.8. February..
50.198
20,751
Evansv. A T. H. 2d wk Mar
15,043
10,18 J
Flint & P. Marq. 2dwk Mir
40.737
40.814
Ft.W. & Denver. 2d wk Ma;
5.800
February..
143,291
■Georgia
/
Grand Trunk.... W k.Mar. 10
314,791 #80.0*0
Gr.BavW.&St.P. 2d wk Mar
8,107 r
7,054
<JuIfCohV.Syn.Fe 1st wk Mar
17.859
33.5 i 4
...
...
...
-
-
-
Illinois Cen.(111.) February..
Do
(Iowa)
So. Div.
Do
J ml. Bloom. A W
K.C.Ft.S. A Gull
JL. Erie A West’ll
L. I*. A Ft.Smith
DRk.M.Riv.AT.
Ising island
Louis v.&Nash v
February..
February..
51.905
121,895
15.290
540.008
150.000
302.050
290,724
63,772
37,750
30,82 1
22,117
40.970
1,788
447,420
2d wk Mar
1st wk Mar
2d wk Mar
2 wks Mar.
2 wks Mar.
2d wk Mar
2d wk Mar
17,000
3 8.954
24 >,240
22.010
103,000
97,010
37.748
257,700
4thwkFeb
1st wkMur
2d wk Mat
2d wk Mar
2dwk Mar
2d wk Mar
2d wk Mar
2d wk Mar
2d wk Mart
2d \vk Mar
15.335
116.907
17.578
34.407
68.735
53,033
130.0SO
105.933
150,505
129,073
129,012
74.44©
490,942
725.093
172,200
195,202
February..;
231,741
January...!
499.252
110,70o
18,999
283.990
158,589
174.974
217.202
73.200
107.308
84.250
87.140
2 wks Mar.
2d wk Mar,
2d wk Mar
February..!
Ohio Southern.. 2d wk Mar,
Oregon 6: Cal...!February..i
157,205
3,142,000
494,429
1.504.790
1,025.080
321,970
483,173
3.402.000
3,5-7,307
703,300
222,880
437,023
92,118
255,144
332,780
189.384
3,500,144
387,799
1,380,294
1.058,834
334,837
333.857
3,486,i04
3,847,211
844,500
247,309
490,481
83,309
492.237
13,417
552,457
17,277
1,089,100
1,114,999
01,300
........
48,283
70,917
224.581
257,100
158, {>30
209.332
515.450
429,238
599,772
55,401
780,829
103,528
134,990
145.585
451,318
413,293
......
277,097
3,102,174
235.898
2,800,987
01.028
00,958
200,888
302, .0!
33,570
829.119
4 01,923
46 030
1,003,023
243,837
780,770
580,722
1,128,929
315,0-9
299,998
270,001
112.880
89,849
48,491
503,433
473,775
79,077
335,141
2,649.835
36,2031
215,990;
12,190
200,139 j
6,619
0.741
2,410.102
18,081
198,731
10.865]
1.2,594
I’hila. Sc Head.. ‘February.. 1,453,802 1,290,421 ■
878,584
Do C. Sc Iron i February.
923.319
PIuladelp.A Era j January...
Ku-hm.A Dam*.
2d wk Mar
Ch’i Col.AAug. :2d wk
Coin mb. Sc Or. !2d wk
Va. Midland..i2d wk
We-t No. Car.l2dwk
8t. L.Alt.A T.H 2d wk
Do
(brchs.)!2d wk
8l. Louis A Cairo; 2d wk
Bt.L.ASan
319,720
170.200
ti l.950
i 19.05 91
t2<>.8oG
Mar
Mar
M;ir
Mar
11,582]
Mar
27,89%
Mar
20,010
Mar
0,0 ! 2
Fran.;2d wk Mar
83,197'
*4t. Paul Sc Dili.. 2d wk Mar
Bt. P. Miun.A M.'-Jd wk Mar
fleioto Valley.. 2d wk Mar
(South Carolina .January...
Toi. Cin. A St. L .January...
18.175!
100,110]
162.851
1,754,857; 1,262.179
165,313
283,9771
779,418
1,312,582
561,259
1,012,146
i.474.5441 1,279,363
756,150
1,183,393
6.788,774 5,039,412
388,8081
318,205
392,650
345,727
*
490,007]
431,103
391,437
407,368
682,804
478,971!
499,2521
990,327 j
187,322]
108,900
85>30j
70,288
108,584
3,002,037
130,523
2,793.490
l,«71,538i
1,820,975
25,798
7.< 55.00'
6 505 40'
2,000.600
1,200,000
300,000
7,413,000
4.271,000
9.272,300
2,874,000
7,65 ),800
2,029,300
1,02,-.000
12 807,300
1 .oeo.coo
3,421.500
1.000,000
300,000
200,00c
4,201,800
1.082,900
1.034,000
200,000
997,700
3,117.200
1,147,300
3.765,000
13,6 3,000
-.5,053.000
5,420.200
0.210,400
Sf,37-\4oo
5,007.000
3,531,900
1.575,900
2,852,*00
7.9-0,4:)0
3,183.700
12.9*o (>00
2 893,000
.000.000
1.000,000
1,000,000
l
Tradesmen’s
Fulton
Ciiemical
Merch’nts’ Exch.
Gallatin Nation’!
Butciiers’AD-ov.
Mechanics’ & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. Yo-rk.
American Exch
Commerce
600,000
000.000
300.000
800,000
5,000.001!
.
5.O00.0G0
1.000.000
1,000,001’
422.700
Broadway
Mercantile
Pacific
Republic
1,500,000
Chatham
450.000
200.000
700.000
People’s
North America..
Hanover
1.000,000
Irving
Metropolitan
3,000.000
500.000
....
Citizens’
Nassau
?
Market
St. Nicholas
Shoe & Leather..
Corn ExehanKe..
Continental
Oriental
Marine
00,0 (■
500,000
♦
500,000
1,000,000
1.000.000
300.001.'
•400.000
1.500.000
2.000.00C
500.000
Park
Wall St. NationT
North River
East River
Fourth National.
Central Nat
Second Nation’]
Ninth 'Nat ional..
First National..
Third National
N. Y. Nat. Exch..
250.000
3.200.000
2.000,000.
'ir.O.OOl
500.0''0
1,000,0'|(
300.000
250.000
Bowery National
..
252.727 i
t (3 8.200;
tl 3.330]
11 5.0*0 j
311), 7201
IT 8,242 j
248,0721
13,14.5'
55.994!
32.417
22.057'
15,79 b
8,840
59,783
14,119!
298,729
109,9 Hi.
02', *07 j
670.8011
25 1.695
173..U-3!
148,032
1.082,380
Loam.
1883
$
Mch. ’3....327,472,300
*•
10 ...325.180,000
X X Reichmarke.
X Guilders
4
3
Bnan’h Doubloons. 15
Mex. Doubloons.. 15
Fine silver bars
1
..
Fine gold bars....
Dimes A *2 dimes.
t ^
95
55
45
10
3
® 4
a> 3
a>lo
®15
® 1
d
85
70
99
75
00
150,931
72.238
021.055
19.233
10'^
par?**l4 prem.
-
99
par
Mexican dollars..
Do uncotnmercT.
English silver....
Prus. silv. thalers.
U. S. trade dollars
IT. 8. silver dollars
—
1
,*08.Ooi
308,9nr
7J
2)0
40J.S).
100.5,10
538.000
204,5oo
2.735,5 )C
432.000
9.815."OC
211,800
174,200
93,8,%
70,800
2 A 24.900
207,"QO
8.)'i
589.7%
142.800
107.00)
95.800
114.1 ,0
224,1oo
•
731.200
1.081 (.000
325.000
305.0%
32*,5 >1
571,600
} 20 000
248,"00
£07.1-10
1.127.8!(.
44.200
383 400
9.8,3
i(-
?.w57,3
)o
28
80
225 1
-i
377 000
07.01)0
1,097.700
210.800
5,400
160.0'*"
419 500
2 250."%
209 000
92
d
SO1*}
'et
®
®
a
99^d>
par.
95
—
—
S(> ^3
—
85*2
4 83
—
70^
91 %
par
445 0 )0
450,0%
4.0%
450.000
270,000
1,345 90)
45 0 >0
......
253.300
589,9 )0
297.000
90,000
7 928.000
3.913 000
5,8:0,7%
14.3D.OO0
0.910,7%
000,000
.075,500
1.860.7OG
1 ,‘034.91)0
2 002,8 )0
268?io
44 900
......
225,0G0
180,000
,,,,,
45,000
327,800
2 1108 0
6
143.300
154 OOP
134,000
74,900
151,300
78,000
45,000
2,409,100
2.34S.2,)'
1.928.2i)(
2,020 0)(
2.708.000
5,919 l )C
1 072.7%
3.821.000
•21,207,4%
21.314.0,)(
1.713.2,)'
1.531,000
929.0QC
16,499,700
359 8 ;(>
(
.
628,0%
8.433 400
2 908.200
2 3,0 00
0l3 0,
755 000
855.300
3,037 8%
1.723. lot
122.700
023.1 '00
1,017 200
900.000
832.300
187.000
6.60.200
208,40(1
571
20.000
2
205,60(1
174.0,00
97J..7o(i
<4.5-'0
5*4.00(
4.71>,000
4,26 <.000
8U.70i.
3
2
84.100
1,850.2 0
702,70
......
1
446,100
5,207.3)0
45.000
1,404 19L
17,(81.100 269 6:5,5 >0 16,607.900
follov s
are as
:
Dec. $8 795,900
1,300
Dec.
“
.
“
“
*
19..
$
Banks.—Following
Loans.
1883.
Mch. 5
12..
Deposits.
$
Circulation. Agg. Clear.
$
)
55,332,900 18.915.800 300,253,900 10,515,200
51,519.700 17,917.000 298.411.400 10.6C9.200
48.551,900 17,081,100 289,015,500 16.007,900
17....319,072,000
Boston
L. lenders.
Specie.
are
780.183.160
748,544 655
700.5*8.987
the totals of the Boston banks.
Deposits.* Circulation. Agg. Clear.
L. Tenders.
tit
147,75 V?00
4,809,900
3,771,200
145,072,100
4,891,300
3.841,800
145,300,200
4,905,600
3,503.000
8'.417,800
84.141.900
82.315,700
70.083.008
65.578.1H7
70.077,642
30,153,300
3\ 142,200
-
30,154,900
Including the item *' due to other banks.”
Philadelphia Banks.—The totals of the Philadelphia banks
are as
follows:
Loans.
g
1883.
Mch. 5.
“
12.
“
19.
L. Tenders.
g
76,628,694
75,694,463
75,473.591
Unlisted Securities.
Ain. Bark Note Co.
...
new.
04.il0.lOJ
Following
are
28
98
21
107
91
*
62,299,719
9,773,553
9,73-,2^2
9.807.374
53,124,710
55,087,444
({noted at 38 New S: reet:
Bid. Asked,
North Pac. div. bonds. 8914
100 p.e.ex-b. A st’ek.
1st mort
70
Edison Elec. Light—300
Gn. Pac. R’y., 1st m.. 82
Gal. liar. A S. Ant.... 30
1st mort
35
103*2
55
ed when issued
2L%
102
Subs. 80 p. e
Subs, ex-bd. A sti*... 45
23
Pensac. & Atl
1 st mort
75
Pitts. & Western
1534
Rieh.AD.Ext. subs.70£; 52
St. Jo. Sc West
7
St. .To. & Pacific 1st. 60
do
do
2d... 15
Kans. & Neb., 1st... 00
St. Jo. & Western—
1st mort., M.AA. div
Tex. ACol. Imp.—60 p.c:l6o’
.
....
....
10
§
2o
Preferred
1st mort
494
Mich. AO.—Subs.55 p.c
M.U.St’kTrust Certs.. 17
M. K. A. T. iue scrip.
Newb. D’tell A Conn..
-
-
27
72
350
....
5
•
....
1st mort
*
»
»
105
18
....
....
75%
754
5
1%
35
76
70%
7*2
1219
.
Texas Sc St. Louis
1st mort.,M.AA.div,
10
.
.
•
49%
....
N.Y.ChioASt.L. equip.
I
N. J. Southern
N. V. W.Sh.ABjiflf.—Stk
del.wh.iss.011 old sub 32
oi”
15
Oregon Sh. Line deliv-
,
88*2
Der. ver A Rio. G r. Wes t ‘2212
89hj
105
Qliio C. — Hiv. Div. 1st. 59:'4
Incomes
33%
Oregon I.nprovem’t...
Subsidy scrip
5s
Subs. O. A W..S5 D.e
N.Y. Bus. A West.--Stk
:
Agg. Clea•.
No. Kiv. Const.—90p.C 102
N.Y. A Scranton cons.,
....
..
g
10,700.025
Bid. Asked.
41%
20 *
Ohio A At I.—Stk
1st mort
....100*4
Contin’i ’1 Cons.—5
1* c
Cal. & Chi. OaT & Dk..
Denver Sc N. Orleans.
Circulation.
g
66. 76,230
04,915,001
3
Old
4
Buff'. N. Y. A Ph.,new 304-2
Preferred,
Deposits.
17,312,41-5
17,‘,62,227
Ruilw’y Imp.Co—
Keely MfDtor
Moxfcan. Nat
99 Va
85
75
68
99
187.500
3 >8.500
201,300
357 lQO
127.900
$
Ex bonds and stock. 20
All. S: Pac.—0s, ] st— !),vg
IS '
Incomes
Blocks 35 per cent.. 104
Cent. Branch
88io
do
20
Incomes
Bost.H.ife E.—New st'k
%
Silver ^ and has.
Five francs
604,700
647.9on
1,126. 00
Specie.
.
^$4 85
407.000
1,5*8.80(1
«.
128.000
2,000
540.000
908.8U0
2.314.200
1.118.906
3,402.9%
0.942.000
8.595.000
3.077.000
5.902.700
The following are the totals for three weeks:
101,214
175,780
19 7,123
Coins.—The following are quotations in gold for various coins:
ro
240 8
9 70,000
800.000
2,914.500
Dec. f5,*)0B 000 | Net deposits
Dec. 2.907.800 | Circulation
835,900 I
Deo
discounts
707.459
Earipngs on 2,895 miles this y*ear against 2,917 in 1882.
Freight earnings.
$ All lines included.
: Traffic interrupted by floods.
^ 8mall earnings due to freshets
$4 81
3 81
1,518,700
The deviations from returns of previous week
Loans and
19i,780i
*
Napoleons
94,800
85.000
140.3.)0
240,3%
143.900
140.900
00.902,700 319,072,000 48,551,9J!
Total
731.105!
202,528!
rwi
1
'
Am.
t
Sovereigns
l
207,000
281,7<V)
784 100
212,7,)(:
J,370,8o0
2.347.'>00
7.128.700
1,040.100
1.208.400
5 80i. 90"
2.182 IQ"
1,970,*00
300,001.’
84.000
105.300
1.424.400
100.000
200.000
200,000
500.000
75 >.000
3 ’0,000
859.800
00
3.113.000
6 251.1
389. .00
*98.0 0
119. V)P
1,072,100
2,498 500
5,310 900
2,0 2.000
1,075.OOC
1.048,700
5,029 700
200.000
N. York County.
Germ’n Americ’ni
Chase National..
Fifth Avenue...
German Exch.
Germania
IJ. 8. Nat
Lincoln Nat
5.070,200
78.2%
250,400
052.8QO
107. l00
191.0,)!'
1-44 *,800
4*8,7q(i
14,312,0'h)
5,743 000
585.700
374 0,)0
175,500
302 900
1 ic.733.o3b
7,744.000
3,041.000
0.0*8 200
300.000
■415,000
81.200
408 000
340.300
270.8:)i)
10,5*7,000
~
*
8.132.000
5.055.000
440.1 00
13 w. 1 <)0
1.721,800
1,015 0)0
1.15'.0<)O
tion.
309.500
351.9%
3,131,6 ill
322,900
879,4;)(l
1.754.000
17 374 3()0
240.000
..
428.000
1,408,500
274.7on
132.000
14,400
38< .0O(.
2,3*8.100
2 007.0%
4.030.000
5.828.000
2.090. too
3,46o,(>00
19,720,3)0
500.00:
Importers’ & Tr..
022.400
1,229.000
520,700
471.000
443.000
.
Circula¬
*
237.000.
2,889,500
500,000
*
1.2 >2.000
813.000
2 295.6 '0
252.727
103,0801 145,538! 1.17 3,7 1 Jj
91,249i
90,357
11,12.5
9,3591
125.4 67
125,407 i
129,4321
129.432
69.433
69,433
80,002 i
80,002
U nion Pacitie.. .18 djs Mar 1,338,822 1,233,071
4,001,220 4.954.905
99.181
109.989
109.980
Utah Central... lanuary.
99,1811
43.012
95.8 17 i
44.709
90.321
VickshTgA Mer. February.. j
Wab.St.L.A Pac. 2d wk Mar, 381,025
314.473 3,007,3021 3,000,402
West Jersey
53.448
53,413
61,820
January... i
61,820]
Wisconsin Cent. 1st wkMar,
9.422,00'
2.050,000
2.000,000
Leeral tenders
289,284!
682’,673
Oregon R. AN.C"j February..] ’261,790
640,30uj
Pennsylvania ..'January... 3.929.357 3,373.3211 3,929.357 3,373,321
IVo. Dec. A Eve.i i st wk Mar
$
2.000,000
Specie
139,790'
^[57.390
*
Ret depTs
other
than U. S.
Legal
Tenders.
309.457
35,437
132,790
3,550
14,505
18,240
200,223
Nash.th.ASt.l.§ February..!
498,177
224,723
311,200
281,809]
31,111
Missouri FaeiHe.
Central Bi’eh.
Int. A Gt. No..
Mo. Kan. & 1\.
Ht.L.Ir.Mt.AS
Tex. A Pacific.
Whole System 2d wk Mar
Mobile A Ohio.. February, j
N. Y.AN. Eugl’u
Norfolk A West.
Northern Cent..
Northern Pacific
Ohio Central
Ohio & Miss—
32,012
21,742
18,203
0,910
12,270
Mar.IIough.A O February..
Mcmp. & Cliui-l. February..
Slexieau Cent..
Do
No.Div
Mexican Nat’l..
Mil L.Sb.AWest
41,950
2
62,150
577.080
Specie.
A merini
City
*
127,305
-
^^3,77
HutimlmlA St.Ji 2d wk Mar
ileus. E. AW.Tex February..
$
105.899
78,82 t
Loans dm.
discounts.
t
New York
Manlmttuu Co-.
Merchants
Mechanics’.
Union
Phtenix.
Ala. Gt. Southern
iVOL; XXXVI.
subs
ex-bonds
U. 8. Elee.
-
Light
VicVsb’g Sc Meridian..
prof
.
•
w ^
t
_
30
78
19
....
12
....
.
....
—
13*3
...
•
'
20
68
.
.
.
85
8S
131^2
150*’
4%
1st. mort
2d mort
Incomes
Wisconsin Central
Pref
1st mort 1st pref
1st mort
2d mort
20
22
xMAP.cn
THE CHRONICLE.
24, 1883. i
887
ABSTRACT FROM REPORTS OF THE NATIONAL BANKS MADE TO THE
COMPTROLLER, DEO.
•o
Cup Hal.
£o
72
41
44
Hampshire
New
Vermont..
0,080,001
7, / 8t)|0oi
191
62
87
other...
Rhode Island
Connecticut
Total Division No. 1..
New York
City
Albany
New York, other
New Jersey
Philadelphia
Pittsburg
Pennsylvania, other
$10,711,327’(
1,7 89,(583
5,839,05
73,5 43,185’
20,315,05(
25,700,820
560
$106,225,370
48
7
202
60
32
23
203
34,103,092
12,075,350
17,358,000 T
10,039,255
30,330,490
$19,251,60.'
287,25( !l
42,287
'
i 2,308,025
111,990,154
11,208,155
23,727,371
135,187 !
289,957 j
$41,259,190 |
$173,812,701
$1,200,579 j
$50,350,000
$23,087.(590
1,800.000
l,400,0u0
8.402,473
3,707,272
8,520,903
$209,041,802
0,01 0,357
80,615,058
$590,421
78.423
3,185,820
29,404,027
03,853.717
21,399,735
8,505,470
178.582
208,509
220,335
00,829,903
20,024,300
408,052
00,105,724
$9,423,429
$842,741
$9,479,692
$2,512,756
$518,052,504
$49,714
1,125,000
252,00c
2 47,084
$3,919,00!)
24,418.340
5,330,782
2,033,071
21
18
3,321,300
1.830,000
1,081,500
471,03(5
$3,735,843
18,531,512
5,230,37 7
2,170,240
591,020
10,710,070
2,451,242
99
$22,235,025
$5,797,232
North Carolina
South Carolina
F
13
$2,501,000
Georgia
12
2
9]
Virginia
Total Division No. 3..
$02,991,053 $3,683,878 $33,949,494
■
ij
,959
364.321
,
10,709,(572
3,352,309
$13,132.310
$00.5,763
$50,158,104
$3,329,200 |
$177,212
$4,2 16.291
3,205,785
Florida
Alabama
Mississippi—'
1
New Orleans
Louisiana, other
7
lj
Texas
Arkansas
Louisville
24,
Kentucky, other
49
Tennessee
aoi
J
•
175
12
Cleveland
107
Indiana
9li
Chicago
Illinois, other
lixi
Detroit
MilwaiiKco
Wisconsin, other
Total Division No. 5..
85 i
1,055,000
2,177,00(1
741.(i25j
80
2,050,000
8,205,001*
3
G. 0,000
38
$‘2,7-14.1159;
$998,21(5
$1 8,992,283
10,0 1(5,980
$53,292
36,671,603
350,382!
$259,874)
445.579
285,555
21,014,987
30,121,6191
32,902,053
43,013,257
743,851
73,059
28,016,517
34,000,009
32.172,071
-7,799,5*'5
22,338,133
3, U 0,585
8,■577,337
38,259
3 47,291
278,31*8
105,3(59
$4,049,055
$209*875,8 47
740,000]
7.SO*,338
2,059,0:52
2.925,00:
285,000
(>85,078
19,160,274
3,008.453
9,950,1 10
1,220,2-8!
054,893!
436,519
289,978
335,506
2,030,0001
1,5u0,000
1,901,
Oregon
i
wi
Total Division No. 7..
Ariz
34]
Dakota
Idaho
48!
c
Cc
$071,568.
$11.339,120
$680,287
$10,014,647
$4,105,000
1
h
Mil's. Mil's.
Ill 99 237*32
34*28 20*S3
•37
2*50
2*04
OF
THE
1
j!
S
,0
12*01
§
£
Capital
Mil's.!
40(5,961
58,847
438,020
$3.080,8751
$479,(505
$ 1,927.9 io
$97,1*8
$874,723
$393,253
2,051
1.9*2
23,850
4(5,923
12,(527
100.702
21,488
0,29 t
3,3 7 5
HANKS
$13,408,560 $1,230,450,214
THE
Mil's.
RESERVE
CITIES,
<>»
0
.
O
i$
C
>
O
£ 55
3 587
3(5.000
30,078
20,83 1
10,257
1(5,809
301.212
106,690,
5,425
75.823
$914.4(52)
$122,585
$855,9(58
128,9(57
87,047
255,125
172.320
AND
S
S
TOTALS.
Cc
r-
c
0
f
V
T"*** ^
0
q
82,748
89.12026,302
$97,977,803, $8,44973545 $ 7 0,953,121
c
A'*§
j
3,650'
608,91.(5
948,302
........
OF
1 19,8.8 1
*4
d ^
1
S
c
c
k-2
.
n
Total Res rve Cites.
ft-
c
'•'
^
^
-c
^
O
(-v
Mil's. Mil's. Mil's Mil's. Mil's. Mil's. Mil's. Mil's. Mil's. Ml's Mil's. Ml's Mil's.
Mil's.
Mii’tr..
9*25 7*57 18*99 10 05 34*01.1 7-80 3-4 1
8*41 2'92 cOO'OO1 l)60’S4) 1.230*5
7*31
7*51
*73 3*13
3*28 5*89
1*90
•98
1 -33
•00
•7'
•00 104) 77 2-5G“28 35705
<>
*40
*35
*18
.OJJ
•02
1*25
*50
•51
•55
•32
10*19
21-34
3] 83
*80
*09
•11
*55
•04
*70
*53
Ts
•07
•31
*24
24-90
42-01
67-00
3*24: 3*95
37
1*450
•80 4*22
1*88
7*7-1
2*30
•83
1-95
•52
91-97 12 4-58 210-55
1*49
*71
•33
•43
•13
*20
*35
*41
•os
•09
•20
2117
25-82
40 99
1*40 1*28
•12
•os
•24
*2(5
*29 4*70
•35
•70
*52
•75
72-28
25* 7<
97-98
*13
*05
*17
•u5
■19
•04
•04
*11
•03
11
•01
•02
3-0(5
5-39
8 15
•V)
1*98 1*30
•18
1*32
•33 1*99 1*09 3*25
•01
•71
1-15
37-44
31 04
68*48
LM»
*35
*52
•04
•14
*4 5
12
•29
1*50
•28
•02
•01
0*90
15*85
25-75
1*91
1*95
2*28
*5(5
*24
*11
3 00
•52
153-75
*.‘2! *18
2-20 155-95
*48
•05
*89
•01
•S3
7'83
•04
8*47
*37
•12
*31
*03
*27
*12
15
*4)9
*05 •04
•05
•02
<;-(> 4
11-91
OO
*44
*20
*11
•0*00
*13
-*18
•03
■n
•01
91(5
lb-72
27-88
7*88; 57*50 20 4)2 24*42 203
1*72
*12:
*07;
1004
*50
4*90
1 *34
*5(5
4*25
14*19
50*45
.
Totals
5 ”624(5
*33
*50
*(‘3
*20;
2*5(5
5*46
4*01
*13|
*71
*30;
10*24
*38}
2*21
*08
*17]
*54
1*10
14*77j 115*79
...
....
T
....
*
•
•
....
*
•
15*90 13-05
4-43 18*451 13*05 30*38 17*5,0
t;0;25
14 31 0-9(5 14-87 4-80
1,118*4
1 212-4
2,369 S
1
stock
Due to banks
Other liabilities
185,494
190,501
95,059
pq
*18
Liabilities.'
Surplus fund
Undivided protits
Circulation
Due to depositors
892.4*9 4
1,111 700
347,892
411,401!
$11 2,7(52
2,<)6*,066
132,504
3,358,758
1,070,584
CO
~ v
5*82
202 47 501*02
/
$L,OGU,001,720|
sc
2*8<)‘: 14*11
2*59
2*43
10*72 1.21*40
1*30
1 *05
2*09
1*09
1*72
3*b0
7
NATIONAL
24*30
10*59
49*21
21*30
3*22
.;
222, I7c|
191,592!
13,831
53,177
281.7(53
1,114,041
^
Totals
101,917
.$1 r.ouo
63,810
0
notes
National hank notes..,
Clearing House excli’s..
U. S. certilie’s of
deposit
Due from U.S. Tr’surer.
Other resources
800,(521
522,437
22,023
1,512,789
*
Legal tender
$193,04 7 -$r,407,9):>
$.->72,2854;
$396.83.)
3,557.230
1,190,113
1,031,608
STATEMENT
Due from banks
Real estate
Gold
Silver
$13,621,755; $1,509,336 $17,7(50,5 97
$9u2
106,0. 0
123,703;
150,000!
32,750:
90,000
1
......
90
$191,500
314,093
Total for United .States. 2,308 $484,883,492
$135,930,9(59'
Stocks, bonds, &c
51
$40,773.1
20,000!
4
Bonds for circulation...
Other U. S. bonds
5*25,9.47
$2.7(51,38(5:
100.00(4
Wyoming
Resources.
81,951
$10,874,495
73,621
4
Loans
023,260;
1’.203,3*22!
1,775,512
2,787,350
Washington Territory..
&c.
70(5,4601,035 (-13
315.122;
10*,019
223,215
28,8(55
"*
550,000!
350,000'
380,000
425,000
Cities,
2,165,'V2
*0!tT:«74l
5.000,9*20
151,015!
1
......
9-
1,10*,. 00
2,65 *,■ 92
2,145.-63
4,08*.:,:' :*o-
17,971
1,225,00(4
$1.260,84
$5,370.” *9
$27*83,6 !
008,O4;»:
$71 ,*0 J
01
3
Reserve
2,042,108'
z
.>
1,005.979
91,810
3245.* 13
482.975
748,:.' 33
29,830
740, 47o'
1,2*8.30. >!
303,41 0
$808,406
Utah
for
202,243
2,920,04 01
$172,402
975,00(7]
Totals
1
$500;
New Mexico
,
127.208
1,8 10,931
0,099.1 15
$0,915,7741
$19,859,821
Montana
Total Division No. 8..
1 3,958;
1‘3 7,34 7
$59,503,8781
$2 42,360!
79,554
53,9 10
1,316,792
2,031,575!
7,130,501
$1,490,798)
$9,750,33c
40,428
321,478:
•1,(595,8(57'
8,437,229
4,291,831
3.804,574
14,284!
23(5,337,
2,105.055)
1,37>,0 45 i
18.382,139
307,430;
298,570:
"
0,305;
$17,397,00 1
5(57,0321
114,826
j
<V
.
$19,995,292
$100,0001
20
1
.
$4,002,972;
$(523,2uoi
374,33i'i
52,000
$ a,220,001.
i
ma
$158.0*)6|
4,206,956
6,107,952
1,500,000 j
1,900,060
300,000
36,719
4,428
-
290,0091
5.5(5,803
45
5,277,623
4,68 1,577
j
0.213,553
44.035
710.530
4 56,072
7,093,879
5j
20
li
715
$735,006!
St. Louis
1 l!
22,595
167,972
18,107
189.001
16,5 06
$10,510,969
$i 5,742,602
13,978,582
California, other
7,22 1'
$9 / 0,500;
335,000!
75.01 0
7,8(53
085,464
1 1 <». 41 1
4 47.6(50
48,777
120,249
$185,502,321
Han Francisco
15,22*2
‘1^8,038!
3,”23.00(5!
$1,445,000!
!
12!
1.8
13(5,015|
$00,101,023
$ 1,005,791
19;
318,635
48,000
201.301
$1,8*0,322
$18,798,912
Colorado
125,27(5
$5 1,799,492
$7,4 44,75O'
Total Division No. 0..
$310.(>l'>4
25 2,624
’81,168
200,430
277,0*1
1,017]
4,13 1,123
3,5 < (5,3 I 3 j
2,185,0001
LOO|
2021 $21,889,850j
$3,(500.976
$75,120
309,014
92 i
31 i
2«j
$561,130
$1 53,38s
8,948,995
$79,443,121
23;
$2,430,28.4
9,249,214
2,984,023
55o;
Nebraska
217,511
320,240
.
500,102
Iowa
Minnesota
Missouri, other
735,204;
<571,320j
•
0,003.700
2,950,000
1.992,020
so'ooo*
9.189
182,i*24
38,503
8,850,68 1
$(5,72
0,700 OOU
12,31 5,021
40,8 10
52,709
4-744)4
7,507,8 42
13,202,347
9.(57,2.>7
3,805,300
13.523,5001
4,460,3(1*2
.
0,799,053
05(5,974
t
1,790
$180.4:02
1,781,4 47
33*685 1
230/286-
188.310
281,112
74,080
513,519
15)7,087
1.51 1,91 0i
4,200.000
175,020
11
74,139
05,000j
8,11 3,939
20,124,00
3,301.031
3.429,653
405,240
2,0 74,753
207,872
10,701,744
5951
$8,350,00
;>
Michigan, other
284,100,
75. cOO
2,875,000
loo.ooa
$29,017,759
(j
;.
Ohio, other
1,408,000
355,000
3,551,500
j
»|
Total Division No. 4..
100,000
700,( >38|
554.973
10,7121
$Y57i7.i
$120,283
2,283,741
20 3,5’>9
123,109
52,700
429,37 i
~
1.885,000
2,281,000!
532,179*
~
111,809
492,281
$472,243i
1,751,9 IP
$ 49,200,8 f4 $1,3 15,Ole $15,818,010
500,337
34,03*2
639,7432,550.907
548,904
4,063,848202.85ft
753,854
1,537,742
5,450,492
5(50,033
6.849.78C
1,40(5,107
12(5,(502
1,984.44 83,117,082
800,374
3,025.3 16
32,098,143
57,495,334
$531,100,597
West
5,5445^758
4
$305.515,08(
$547,402
2,050,1 "3
733,427
(50,000
w
94iL544
$1,743,9”5
11,490,330
2,407,010
1
45,281
1 » 1
153,134
14
1 /
23
5
Maryland, other
Washington
Dist. of Columbia, other
Virginia
189,027
O *« O , tk
$297,073
129,817
271,780’
42,404,204
$237,316,400
7,885,951
91,066*592
708,434
51,36( )
282,70'
08,08(
$56,815,028
Baltimore
S.
1.413,138
291,422
1,041,030
$150,110,787
Delaware.
j
$01,00:
141,088
r\ «‘»‘j
82,041,021
29,313,217
031
Total Division No. 2..
$5*20,097
8,146,797
j
104,075 i
279,009 I
41.237,47 k
U.
certificates
of deposit.
$1 *22.21 (
4,545,585:
11,420,401
13.537,799 |
3,959,030
0,837,913
and
Silver.
Other.
$2,002,173 |
1,1 i'Z, 43 7
50,4.)0,00()
45,402,500
Boston
Siaesachusetts,
Cold.
discounts.
Individual.
$10,485,001
Lcf/al tenders
Loans and
i
Suiplus.
^c*
Maine
!
Deposits.
$
S
Dee. 30. 1882.
30, 18S2.
50*35
11*42
23*09
4-09
9*1(5
3< 17
18*04
73*05 20903
32*03 132*22
*30
1*53
*202*47!o0102
1*80; 17*30 10*01 11*49 1 12
•25
1*401
8*53 318 2*65
*72
*09
*33!
1*04
1*70
1*541
9*50
0*091 64*12
3*59; 14*47
*02
*05
0*47
6*65
•(52
21 *(52 18*04
•2*1 6
3*30
*57
2*79
•39
•14
*02
2*88
1*05
•:so
2*13
10 77
1*38
•10
3*55
8*35
•0(5
*98
•IS
*68
2*93
5*24
3*50 14*24
1.90
0*18
*01
*71
•
4*20
*74
’SIS
0“O
2 19
1 -07
•63
1*70
8*23 30-17
1*1(5 19-37
1*14
*ls
2 65
•65
*33
•-><>
•35 •1(5
•51
1-17
7*55 too
/..*! 117
or.
*09
•
2-05 l-r.o
•26
*05
•48
•12
•(54
•31
5-39 l-Sl
4-79
•86
170*04 308-81 484-88
57-01
20-56
78-32 135-93
3 678
55-34
88-01 220 83 315-14
5 11 *(59 538-02 1,080 3
227*88
43 04 271-5*2
G-03
11-31
17-37
14*77 115*79 45*90 43*05 4-43 18*01 13*65 30 3” 17*50 (56-25 14-31 .0*90 1 !-87 i-8({ 1.1 18- i 1.24 2-4
!2.360-8
rHE CHRONICLE.
338
CORPORATION FINANCES.
The Investors’ Supplement
contains a complete exhibit
Funded Debt of elates and Cities and
of Railroads and other Companies. It
Saturday of every ether month—viz.,
of the
of the Stocks and Bonds
is published on ihe last
February, April, Jane,
without extra
August, October and December, and is furnished
charge to all regular subscribers of the Chronicle.
are sold at $2 per copy.
ANNUAL
and
a
terminal facilities in Chicago,
AND
STATE, CITY AND
great deal of time to secure the necessary
and we have not yet realized the
full advantages of this line, but the arrangements with the
Western Indiana Company, recently perfected, will give the
Wabash line facilities for the transportation of freight and
passengers equal to any in Chicago.
The following figures,
showing the amount received on freight tc and from our
Chicago station since the opening of that division, is a forcible
illustration of the rapid growth of its business:
ture of money
luueshueuis
[Vor,. XXXVI.
Single copies
REPORTS.
Wabash St. Louis A' Pacific 11 til way C nu.Liny.
(For the year ending December 3!, 1882,)
'
It will be received with satisfaction that this company has
issued irs usual pamphlet report for the fiscal year. In a word,
1881.
18SO.
$400,031
Five months
$1,093,216
$3,31/1,001
$2,107,103
Year
$505,285
Inc.
1882.
1*81.
Tnc.$l,207,432
“The line between Detroit, Toledo and Council Bluffs,
Toledo Peoria & Western and Iowa Division, opened
via the
by the
completion of the Humeston & Shenandoah road, will constitute
the shortest route from those cities to a connection with the
Union Pacific*, and will
and Cmalia.” * * *
also
open
a new
line between Chicago
,
of $3,014,012 has been expended
for new construction.
Embraced in this charge is the. sum of
the net result of the year was a deficit of $f>S3,022 below the
$377,827 for the St. Charles bridge over tile Missouri River;
amount required for interest, rentals and charges of every
$461,500 towards the completion of the Humeston & ^henandoali
kind, which, with the deficit of 1881, makes a total deficit in
Road, and $066,200 for car trust and other rolling stock obliga¬
profit and loss account of $2,03~>,S80. The main report is by tions. These expenditures were rendered "necessary in order
Mr. A. L. Hopkins, Vice-President, and he gives a plain, intel¬ to finish new lines commenced in the previous year, but the
ligent and candid statement of the affairs of the company. lie requirements of the current year will be comparatively small.
says: “ The net earnings show an increase of £ 1,512,002 over The floating debt of the company is almost entirely the result of
those of the year 1881, with ail increase of 622 miles in the these construction payments, but the company owns securities,
Notwithstanding this gain consisting mainly of bonds and stock, valued at $8,667,696,
average iepgtli of road opeiated.
in the profits of our lines, the interest charges and rentals have available for the liquidation of the floating debt and future re¬
increased in a larger ratio, and the consequence of this dispro¬ quLements.”
The comparative statistics for four years, compiled for the
portion is a less satisfactory statement than we had anticipated.
At the date of our last annual report, Dec. 31, 1881, the total Chronicle, are as follows :
length of road operated was 3,348 miles, while at the close,of
ROAI) AND KQUIi’Ml •:nt.
1882 it was 3,f>18 miles, an increase of 170 miles during the
18 s i.
1882.
1880.
year.
In point of fact this additional mileage, consisting Total miles aperaUd
3.5182.470
.0,34 8
mainly of. the Sr. Louis Jerseyville & Springfield, the Des Locomotives
*501
*598
4*8
••387'
*372*
Moines & St. Louis, and the extension north of Des Moines, Pass’ger, mail A. expr'ss ears
280
I 5,005
'•19,000*20,139
Iowa, was not opeiated until late in the year, and the lines Freight and all oilier ears...
referred to can Laid!}' be said, even now, to lie fairly under
Includes narrow-gauge equipment.
way.
The operations of the road have therefore been, prac¬
OI’EK ATIONS AND FISCAL RESULTS.
tically, upon the 3,348 miles stated at the close of 1881.” * *
1882.
1881.
1880.
The Detroit A Purler road, which forms part of our main
Operations—
4,254.393
3.215.2O0
4.002,703
line from Detroit to Omaha & St. Louis, and is destined to Passemrers carried
100,198.500
137.1 14,727
07,774,570
Passemrer mileage
become an important link in the trunk route between these Kate
2-373 ets.
2-238 ets.
2-308 ets.
per passenger per mile
4 ,no:», 1 S7
5,393,91 7
5,911,012
points, was but just opened at the close of 1881, and is even Freight (tons) moved
1.105,7*3,303 1 149,774,5 17 1,247,011,320
now incomplete in its arrangements
for terminal facilities at Freight (tons) mileage
0 951 ets.
0-928 ets.
0"8G2 ets.
Detroit. These facilities, consisting of yards, wharves, freight Av’gc rate per ton per mile.
$
$
$
Earninqs—
3,944,520
3,007,089
houses, elevators, Ac., on the Detroit Liver, are vital to the Passenger
2,344.4 52
1 1,885,220
10,007,900
0.532,334
interchange of business with the Canada lines at this point. Freight
1,021,943
731,894
551,320 '
The lack of these facilities has deprived the Wabash Company Mail, express,..Ac
of a large share of the traffic, to secure which the Detroit &
10,851,08014,107,789
12,428,112
Total gross earnings
Butler road was built. Tie-Cairo'Division suffered an almost
Operating
—
Expenses
entire crop failure m 1SS1, and consequently hadbut very little
4,294,713
business to contribute during the first eight months of 1882. Conducting transportation
3 35*,723
2,790,813
The Quincy Missouri & Pacific penetrates a new* country, but Maintenance of way
897,142.
needs a connection with our Omaha extension, before its capac¬ Maintenance of ears
323,301
General expenses
ities can be fairly tested. The Bra id wood branch has not been
11,064,752.
10,792,913
Total operating exp’ses
7,787,319
operated at all, and the Des Moines &St. Louis, the Des Moines
& Northwestern, as well as the Attica & Covington and Cham5,180,937
3,074,84
0
Net earnings
4,040,763
“
During the
year
the
sum
*
“
,
,
*
.
~
.
uief time
nominalAddadditions
fiaign
& Sidney,
the
opened.
they have
have been
been but
to theseduring
roads the
Humeston & Shenandoah, about ICO miles, constructed jointly
with the Chicago Burlington & Quincy Railroad Company, and
which connects our Iowa Division with the Omaha extension
completes the air-line from Toledo and Detroit to Council
Blulfs, and which has but just been opened, and the Jersey ville
road, which has required a great deal of construction woik to
permit the running of trains with efficient regularity, and we
have altogether about 857 miles of road upon which the earn¬
ings paid no profit above operating expenses. The interest
charges upon these temporarily unproductive lines have
and
Per et. of expens
INCOME ACCOUNT.
Net earnings
Other receipts...
spring of 1882 the Wabash lines,
which traverse the
richest and most productive corn belt in the United States, suf¬
fered from the setious failure of ibis crop in 18S1, and the
business of 1SS2 did not, therefore, begin to receive,the benefit
of the full crops of that year until August.” * * “The aver¬
freight rates have been 9 50-100 mills per ton per mile, a
stight increase over the rates of 1881, and the expense per ton
per mile Las been reduced from 7*04 to 6 04 mills. The earn¬
ings per train mile have been $1 38 against $1 27*4 in 1882.
The profits on freight, even at this small increase, are by r.o
means satisfactory, nor can such rates be considered a fair com¬
pensation for the service performed; but it is nevertheless a
slight improvement. The most satisfactory result is in the pas¬
senger earnings, which show a gain of $870,531 28, or about 20
per cent.
Ti,e operating expenses were GO 22-100 percent,
while in 1881 they were 74 60-100 per cent, a reduction of
5 38-1C0 per cent.
This rate, although less than in 1881, is yet
much larger than on many of the Western lines, but is not to
be attributed to a neglect of economical methods in the opera¬
tion of the road, but to the higher rates of transportation on
the lines with which the comparison is made.
Some of the
lines, for example, which connect with the Wabash are able to
charge from three to four mills per ton per mile on freight
age
than the Wabash.” * * *
“Oneof the most imporfantand prospectively valuable of the
lines added to the Wabash system since 1880, is the Chicago
Division, which forms the line between Chicago and St. Louis,
Kansas City and Council Bluffs. It has required a large expendi¬
more
...
Dividends
$
4,0 10,703
33,001
4,074,304
$
Total income
7) is bin 'se in cuts—
Rentals paid
Interest on debt.
Taxes, rent of ears,
■
483.255
2,057,300
514,509
Ac
"
Total disbursements
Balance, surplus or
....
3,055,181
$
3,071.84 0
277,245
5,180,937
3,952,091
5,515,097
$
4 ,009.079
3,447.027
037,504
$
987,008
328,700
4,302,000
1,329,918
809,105
0,121,428
0,098,719(h;f.3S3,022
deficit., stir. 1,049,180 del.2,472,037
GENERAL li A LANCE SHEET
1882.
1881.
$
1880.
Receipts—
amounted to about $700,COO.
“In the
09-22
74-59
02 05
to earn
(CONDENSED) AT CLOSE OF EACH
FISCAL YEAR.
*
Assets—
KK., b’ldings, equipm’t, Ac.
Securities A prop’tyon hand
Materials, fuel, Ac
Construction, Ac., for year..
Income account
Stock, common
Loans
20,453,000
Sup’ment)
payable
Sundry balances’*
Im*mm\ uccoinit
Total liabilities
*
3,110,529
88,200,475
$
21,014,500
Total
Liabilities—
Stock, preferred
Funded debt (see
Hiils payable
$
83.023,952
280,14 9
873,875
42,094,858
330,703
1882.
00
1880.
$
107,058,815
435,802
•
1,212,245
,578.800
$
113,285,929
8,007,097
700,404
3,014,013
1 4
1,452,858
2,035,881
122,338,010
$
127,733,924
20,021,500
23,033,200
$
27,140,500
23,03 J,200
00,291,853
70,937,854
355.400
239,057
1.500,000
3,037.000
2,082.234
1,019,180
4,230,022
3,315,313:
88,200,475
122,338,040
127,733,924
........
Includes audited vouchers, interest accrued, interest not
due, tm-
paid Mixes, Ac.
Cleveland Columbus Cincinnati &
(For the year ending
Indianapolis Railway.
December 31, 1882.)
receipts were $4,441,600; total
$3,589,968; net surplus income,
$851,632; dividend No. 17 of 2 per cent payable Feb. 1,1883,
$299,084; balance for the year, $551,648.
The report says
that “during the first six months cf the jear there was no im
For the year 1882 the gross
expenses, taxes, interest, etc.,
THE (HKOiN HIE.
24,1883.
March
provement in the through rates of freight traffic;, which were
in a state of almost hopeless depression, and continuing at the
lowest point that had ever been reached in the conduct of rail
GENERAL IJALANCE AT CLOSE OF EACH FISCAL YEAR.
1879.
A 88C‘/S—
Railroad & cquipm’t.
Real est.Awood l’nds
Ht’ksA bde.own’d, e/st
Advants to Uin.A 8pr.
Advan’s to lint A' St.L.
Bills A aects. reeci’blc
transportation. .But in June, through the earnest co-opera¬
all roads, an agreeement was established, restoring a very
moderate tariff upon which for the last half of the year freight
rates were well maintained. The restored rates were nevertheless
very low, and the basis of the winter tariff only reached the figure
of 30 cents per 100 pounds, Chicago to New York. The average
gross freight rate per ton-mile for the year is 0'700 cents,
against 0 071 cents in 1881, an increase of 0 035 cents, or 5 22-100
percent. The cost freight rate per ton-mile for the year is
0*513 cents, against. 0*511 cents in 1831, an increase <jf 0*002 cents,
or 39-100 per cent,”
* * “ The tons moved one mile in 1882
tion of
447,411,484 against 480,723,710 in 1381, a decrease of 33,312,220, or 6 93-100 per cent.
There has been in many quarters an increase of freight,
coining to and passing over the road, but on the north and
south of the main line between Indianapolis and Cleveland a
loss of tonnage lias been perceptibly felt through the opera¬
The competition of such lines,
tions of new and rival roads.
which develop or originate a limited traffic, but draw or divert
largely from the older and established road*, has to be endured.
OnUie Cincinnati & Springfield Division the withdrawal of the
New York Pennsylvania & Ohio Company’s traffic occurred on
the first of the year.
The year’s earnings of the different
339
$
18,044,795
42.998
1,684,843
1,604,910
on
were
“
1,596,205
221.237
329,980
1,004,595
4,655
4,616
22,890,811
21,136,562
$
14,991,700
0,270,000
$
14,991.800
common
IS,493,092
26,038
2,344,505
1,721,703
758,691
Miscellaneous items..
Stock,
18,174,435
32,2 1 8
2,314,505
229,909
hand
Total
Liabilities—
1881.
$
918,715
Materials, fuel, Ac...
Cash
*
1880.
$
'
1882.
$
189,384
4,616
18,808,794
25,977
1,043,418
2,159,931
723,340
1,176,628
183,058
206,898
4,580
24,191,886
25,232,024
$
14,991,700
6,408,000
250,000
512,674
14,991,600
6,365,000
1,221,966
190,522
*
$
Bds. (s‘,eSi!i*i*Li:M’r).
Bills payable
Bills audited
Dividends
Miscellaneous
Balance to surplus...
6,337,000
21,949
21.700
795.908
1,058,514
117,150
1,912,002
2,851,985
Total liabilities..
22,890,811
24,130,562
24,191,886
25,232,624
*
600,000
369,387
445,078
749,540
374,770
In 1882 included—finl. &
Rt.
400,00G
483,963
21,187
118.889
Louis stock,
$300,000; second incr»bonds, $218,000; Cin. «V Springfield
Dayton A. Union stock and bonds,
$(>8,212; Union Depot (Columbus) stock, $37,25)8; Merchants’ Dispatch
stock, $32,(500, and a few small items.
giitn*. bonds, $153.750; equipment
second mortgage bonds, $52(5,000 ;
Chicago Burlington & Quincy.
{For the year ending Dec. 31, 18S2.)
freight line organizations connected with your railway have
In
of the printed annual report, the officers of this
advance
been as follows:
Received
Received
Total
company have kindly furnished the Chronicle with the figures
East hound.
Revenue.
Westbound
for 1882, with which the following comparative table is made
up;
mnectioiiK
645,806
N. Y. C. R.R. <■(
$377,558
$1,023,364
'
Erie Railway c onr.cctions.J 57
Pennsylvania R.R. connect.oils 108,545
178
19,302
Total all connections in 16*2.$’75>.5<)8
Total all coni ectious in 1881. 855,125
*
*
335
,
ROAD AND
.
127,818
$397,039
$1,151,548
503,853
1,358,979
*
Miles owned and leased.
Miles operated jointly..
Total
“
During the year, and in pursuance of the general
conferred by the stockholders and directors, the
interest of the Pennsylvania Company in the Indianapolis &
operated
changes are that your company becomes a joint lessee wit li the
Indianapolis & St. Louis Railway Company, and jointly liable
for the rent to be paid.” * * “ Under the new lease the rent
guaranteed is $450,000, and that amount is all that is to be paid
unless the gross earnings exceed §1,750,000, and then but 20
per cent is to be paid of the excess of gross earnings over
$1,750,000.” *' *
There has been advanced to the Cincinnati & Springfield
Railway during the year the sum of $159,208 for the purchase
Earnings—
Passenger
Freight.
Mail, express, Ac
maintenance of the Cincinnati &
past
Springfield Railway during the
year.
The
expenditures made upon the main line on account of
additions, mainly for equipment, were $315,82(5.
Comparative statistics for four years, not including Cin. & Sp.
Division, compiled fertile Chronicle, are as follows :
new
ROAD AND
1879.
Miles owned
39.1
Locomotives
Pass..mail A exp.cars
Freight
ears
Coal and other
EQUIPMENT.
1880.
•
159
‘
1881.
1882.
391
391
391
162
114
166
114
170
133
4,226
1,452
1.10
3,335
3.741
4,294
978
913
1,303
ears..
’ERATIONS AND FISCAL
1879.
RE! SULTS.
1880.
1881.
1882.
Passengers carried...
740,181
34,071,632
858,791
40,363,41 6
899,330
41,(389,179
1,035.764
41,759,982
;
2-172 ets.
2*139 ets.
2-159 ets.
2-235 ets.
Freight (tons)*moved.
2,299,711
2,441,043
2,-. 80,92.3
2,755,867
Freight (tons) midge. 401,107,970 120,482,919 480,723,710 4 17,111,484
Av. rate p. toil p. mile>
0'097 ets.0-671 ets.
0-792 ets.
0 706 ets.
Earnings—
$
$
Passenger
863,448
899,918
1,000,270
739,939
3,328,209
2,790.405
3,225,35(3
3,159,417
Mail, express, Ac
146,151
165,076
178,788
138,711
Total gross earn’gs
Operating
expenses
3,675,055
—
Majut, of way, Ac...
Maint. of equipment.
Transport’ll cxp’nsess
Miscellaneous
Total
Net
earnings
$
492,223
431,374
1,672.315
96,395
2,692,307
982,748
4,338,108
$
618,623
520,052
1,748,983
88,967
2,976,625
1,361,483
4,290,350
$
600,422
4,338,475
$
678,638
513.478
513,999
1,6 18,685
1,697,316
155,923
2,967,169
‘1,323,181
122,156
2,903,778
1,374,697
INCOME ACCOUNT.
1880.
1881.
982,748
83,912
19,750
1,361,483
123,405
1,323,181
86,271
32,240
1,0SG,110
1,587,294
1,141,092
1,572,127
425,180
117,014
374,770
440,492
475,218
112,688
498,615
is,188
47,*04
749,540
16,437
268
12,313
964,828
121,582
1,324.657
262,637
588,174
632,204
853,518
939,923
1879.
Receipts—
Net earnings
Rentals and interest
Miscellaneous
Total income..
102,400
1882.
$
1,374,(397
103,125
91.305
D i sb rt •me m en ts—
Interest
on
Taxes
debt...
Dividends
Miscellaneous
Total dislmrsem’ts.
Balance, surplus
1
121,27(3
2,675
1,857
.
1881.
1882.
3,159
97
2.826
98
2,772
2,924
3,2 LB
57
1879.
1880.
$
2,5(5(5.(55 2
1 1,(550,(523
$
3,534.2 0 9
1(5.05 1,197
903,(511
$
3,(510.08(5 -1,75(5,99 2
KJ,595,819 15.711,510
1,112,245 1,534,802
20,492,017
$
2.528,019
1,(532.41(5
5,14 4,338
-- 58,131
21,324,150 22,003,304
$
$
584,075
1,841.937
8,003,3(59
144,97 6
9,3(52,904
11,129,143
10,574,357 10,663,341
10,749,793 11,334,9 33
Total gross
earnings... 11.817,105
$
Operatin'g expenses—
Mainten’ce of way. Are. 1,752,278
Mainten’ecof equipin’f. 1,4 8 8,008
Transportat’n expenses 3,927,(549
Miscellaneous
(50,2 27
To ml
Net
7,228,222
7,588,883
earnings
1881
$
1982.
INCOME ACCOUNT.
receipts—
Net earnings
Net B. A M. land grant
Total income
1879.
1880.
$
$
7,588,883
11,129,143
899,315
7,588,883
Dish ursc men Is—
$
Rentals paid
179,093
Interest on debt
2,110,938
Taxes
328,844
Dividends*
3,081,985
Carried to sinking fund.
230,493
Accounts written oft'
423,085
Transt’d to renewal f’nd 1,000,000
Total disbursements
12,028,458
$
203,006
3,282,718
411,590
4,366,064
563,385
1,250,000
7,354,438
10,106,703
234,445
1,921,695
'
Balance, surplus
4
1880.
1,760
97
599,831
of real estate,
&c., to which is to be added the deficit in operat¬
ing during 1882, $279,020, making the to al sum advanced
$438,228. In the General Manager’ report there will be found details of
the extraordinary renewal expenditures, particularly referring
to the replacement of wooden structures with permanent iron
bridges, altogether aggregating an exceptional outlay in the
EQUIPMENT.
FISCAL RESULTS.
authority
St. Louis Railroad and its leased line, the St. Louis Alton &
Terre Haute Railroad, has been acquired by this company upon
terms satisfactory to your Board.”
* * “ The principal
1879.
'
Tn
1881.
1882.
$
$
10,749,793 11,334,963
1,170,437 1,329,725
11,920,230 12,664,686
$’
$
310,668
148,771
3,430,454 3,883.789
492,154
(515,6*2
4,349,286 5,023,599
687,246
631,443
1,000,090
750,000
10,269,808 11,053,224
1,650,422 1,611,464
1879, 8; in 1889, OR; in 1881, 8; iu 1882, 8.
GENERAL INVESTMENT NEWS.
Atlantic & Pacific.—It is announced that the Atlantic &
Pacific Railway will be completed to the Colorado River abotkt
June 1.
This will be the teiminus of this road. At the Colo¬
rado River it will connect with a line now being built eastward
from the Pacific Coast by the Southern Pecific Railway Com¬
The*
pany, over which its trains will run to San Francisco.
Southern Pacific extension to the Colorado River will probably
also be completed-by June 1, so that this new route to the
Pacific can be opened at the latest by July 1, 1883.
Chicago
&
Atlantic.—The
Chicago & Atlantic is to be
opened for business between Chicago and Huntington April 2,
and will be opened for through business, both freight and passenger. May 1, when passenger trains will be run through to
New York.
The route will be over the Chicago & Atlantic to
Marion, thence over the New York Pennsylvania & Ohio to
Salamanca, and thence over the Erie to New* York. The entire
line from
Chicago to New York is controlled by the Erie.
Chicago & Indiana Central—Chicago St. Louis
& Pittsburg.—A final meeting of the bondholders of the Col¬
umbus Chicago & Indiana Central Railroad was held this
week, at which the action of the Purchasing Committee, com¬
posed of William L. Scott, Charles J. Osborn and John S. Ken¬
nedy, in buying in the road under mortgage foreclosure and
arranging for the conversion of the old bonds and stocks into
new securities, was approved.
The road will be reorganized
under the name of the Chicago St. Louis and Pittsburg Rail¬
road, and will remain a part of the Pennsylvania Railroad
system. It will be bonded for $22,000,000. Its capital stock
will be $30,000,000—$20,000,000 in preferred and $10,000,000 in
common stock.
The reorganization will be perfected in Ohio,
Indiana and Illinois, and States through which the lines j avS8.
Articles of association have been filed changing the name t<y
Columbus
3
THE
840
CHRONICLE.
(Voi, XXXV
the
last-named railway.
For the rights and property of the Boston
Hoosac Tunnel & Western Railroad, the West Shore is to pay
McCullough and Thomas D. Messier, Pittsburg; Conrad Baker,
Indianapolis; George Hoadley, Cincinnati; and Alfred L.
Dennis, Newark, N. J.
$400,000 in cash and $700,000 in its stock. The money and stock
go to the Continental Construction Company, which was build¬
ing and controlled the Hoosac Tunnel road. Included in the
transaction is the control by stock and bonds of the Syracuse
Chenango & NewT York Railroad.
Chicago St. Louis & Pittsburg, with the following directore : William L. Scott, Erie, Pa.; Charles J. Osborne, New York;
George B. Roberts and John P. Green. Philadelphia ; J. N.
Grand Rapids & Indiana.—A press dispatch from Grand
Oregon Sc California—Oregon Sc Transcontinental.—At a
Rapids, Ind., March 21, f-aid that the Pennsylvania Railroad
meeting
of the preferred stockholders of the Oregon & Cali¬
Company presented a bill in the Circuit Court of Kent County
fornia Railroad Companj% held in London on Saturday, the
asking for an injunction against the Grand Rapids & Indiana
lease of that road to the Oregon & Transcontinental Company
Railroad Company to restrain the latter from paying the
as unanimously ratified.
A contract was also entered into by
interest maturing on April 1 on its bonded debt secured
which the lessee company agrees to complete and equip the
by the mortgage of October 1, 1869, until it had paid
the interest coupons on bonds secured by the same mortgage, remaining 125 miles of the Oregon & California Road's Southern
Extension, necessary to give connection with the Central Pacific
Road. For this work the Oregon & Transcontinental Company
ailroad Company, amounting with interest to $2,345,000.
will receive from the railroad company first mortgage bonds
Hannibal & St. Joseph.—The Master appointed by the issued at the rate of $20,000 per mile (on new road)
court, J. K. Cravens, has reported, according to published dis¬ and second mortgage bonds issued at the rate of $10,000
patches, that on January 1, 1883, there was due the Slate per mile (on whole road), which - will amount in the
$549,000 for unpaid interest. The full text of the report has aggregate to about $7,000,000. The lease of the road is
not yet been received in this city, and Messrs. John F. Dillon
for a period of 999 years, the Oregon & Transcontinental Com¬
and Eliliu Root, counsel for the company, say that the decree pany paying as a rental the amount of fixed charges—interest
of the court fixed the basis of the liability of the company and on the first, and second mortgage bonds; $20,000 per annum to
referred no question as to the extent of the liability to the maintain the organization of the Oregon & California Railroad
Master. Nothing was referred to him except to make actuarial Company; $300,000 per annum for dividends on the preferred
computations on the basis fixed by the decree. We are certain stock, at the rate of 2)2 per cent per annum for 3)2 years. After
that under the decree the maximum of the company’s liability
July 1, 1886, the lessees agree to pay in lieu of other rental 35
will not exceed $160,000, and that there is no warfant in the
j
per cent of the gross earnings, with a guarantee that this perdecree for any greater amount.
| centage shall be sufficient to pay the fixed interest charges,
Massachusetts Central.—At a special meeting of the stock¬ $20,000 per annum for the maintenance of organization, and a
holders of the Massachusetts Central Hailroad, in Boston, the minimum of 2 per cent dividend on the preferred stock. The
17th inst., the bonds heretofore issued bv the corporation were Oregon & California system, when completed, will consist of
ratified and approved.
President Aldrich seated that the about 500 miles of standard gauge road. It will form, in con¬
nection with the Central Pacific and Northern Pacific Roads, a
decided
directors bad
upon a plan of reorganization. They
have already secured the consent of the holders of nearly continuous line from San Francisco to Pnget Sound.—N. Y.
Times.
$3,000,000 of bonds.
Philadelphia Sc Reading.—-The gross receipts from the
Mobile & Alabama Grand Trunk.—A decree has been
entered by the Chancery Court of Mobile for the foreclosure of railroads, canals, steam colliers and coal barges in February
were $1,453,862 and the net receipts $626,095; for the fiscal year
the mortgage on the Mobile & Alabama Grand Trunk road.
Unless the company pays $1,240,000, with interest since April, since Nov. 30, 1882, the gross receipts have been $4,858,008 and
tlie net receipts $2,140,047.
The gross receipts of the Philadel1874, the road will be advertised and sold.
x
Sreviously maturing, purchased and held by the Pennsylvania
Nashville Chattanooga & St.
statement of
Louis.—The following official
earnings and net income is made for the month of
February and the eight months of the fiscal year from
to February 28:
niiV-i
July 1
Aiv x.'
y i»l;oV»
~1S$2.
Met
eurnini/s.
$17(5,32(5
Fayetteville Braneh
Cciitn v. Br.,nar. cau.m
4.805
3.867
4.657
2.599
J). It.Val. BIT, nar. gau^o
2,976
1*4 union Branch
McMinnville Branch
...
...
Total
Interest and taxes
Balance net income..
inqs.
$79,67 9
earn
(it
OSS
earn mas.
$159,961
$79,452
5, "'69
3,773
2,591
2,887
432
910
1 .9 11
$88,926
$171,974
870
$31,397
$23,774
I'EllltlWHYf 28.
earn
Main Stem
.Lebanon Braneh
in as.
earni lifts.
$l,4«*1,25i
McMinnville Braneh.
51,628
31,264
Fayetteville Branch..
-13,303
Oentrov. Br.. nar. uV.
J3.K. Val. KH.,uar.g’e.
3 9,321
3(5,75 l
15,420
25,7-11
4,73 4
27,330
10,815
Total
Interest and taxes
Balanee.net income
$1,074,183
dr
ss
,V el
in i/s.
•caruinqs.
$1,312,988
$519,2-41
42,900
27,2.59
7,3 i;>
earn
28.902
(5,821
25,217
8,093
20,822
191
Loss 2,8 11
$702,159 ' $1,138,986
$558,028
433,929
421,4 09
$268,230
$136,619
New Orleans Pacific.—A Washington dispatch to the
New York World, March 17, said : “ More than a year ago the
New Orleans Pacific Railway Company applied to the Secretary
of the Interior for a transfer to itself of the land granted to
the New Orleans Baton Rouge & Vicksburg Railroad Com¬
by act of Congress, presenting, at the same time, satis¬
factory proofs of the transfer as between the two companies
Secretary Teller delayed action, but as Congress did not act
upon the subject, the application was referred to the President,
with a favorable recommendation. The President to-day re¬
pany
January
1 February
j
Lo s
sl
Lo>s 135.1
$77,370
53,59(5
Met
lrLi/ipio
ui
ii
Total 3 months
-Met Receipts.
.
1.881-82.
1882-83.
$3,231,077
2,451,466
2,169,005
$2,805,201
2,559,99 4
2,377,181
$937,542
646,913
$7,^52,14.8
$7,802,376
$2,023,111
438,656
$843,783
6(54,877
.
(530,080
$2,138,710
been as follows, viz.: Carried on the
590,007 tons, against 453,973 tons in
February, 1882. Mined by the Coal & Iron Co, and by tenants,
377,845 tons; against 290,654 tons in 1882.
The coal tonnage has
! railroad in February,
T—1883.
dross
j
4,061 i
2,0-25 i.
1,050 {
5 4,529
JLUOHT MOVriIS KXDIXO
Pecei niter
•
Met
earn-iii/s.
3,297
2,015
luuu
-dross Rcceints.1881-82.
1882-83.
i i;i5R( ai:y.
dross
jl lio
together for each month of the fiscal year have been as follows
i
Pliila. Sc Reading—N. Y. Central.—An agreement was made
between the New York Central, Reading', the Antrim, the Pine
Creek railroads, and Mr.W. II. Vanderbilt. The papers provide
(as reported) for the issuing of a first mortgage 50-year bond
for $2,500,000 on the Pine Creek Road, both the principal and
guaranteed by the other companies. Mr. Van¬
purchase at par as many of these bonds as are
required.to pay the floating debt of the Pine Creek Company,
to pay for the location and construction of its line, to pay in¬
terest during the period of construction and for six months
thereafter. The Pine Creek Company further agrees that for
all sums of money which it may be necessary for the guarantor
companies to pay to protect their guarantee,- it will deliver
second mortgage bonds at par, and that these second mortgage
bonds shall never exceed the amount which may be advanced to
protect the guarantee, and that the Pine Creek Company will
faithfully apply all its net revenue to pay the interest on the
first mortgage bonds, and allow the other companies to inspect
its books, A supplemental agreement increases the amount of
first mortgage bonds to be issued by the Pine Creek Road to
$3,500,000.
interest to be
derbilt agrees to
Pittsburg Cincinnati & St. Louis.—The annual meeting of
railway company was held in Columbus, March 20. The
report of the directors for 1882 was presented, showing gross
earnings of $4,214,923; expenses, $2,830,998 ; net earnings,
turned the papers with his approval. This action in favor of
$1,383,923 ; interest on investment and rent of equipment,
the New Orleans Pacific Railroad (now owned and operated by
$19,636 ; total net revenue, $1,403,559 ; from which deduct
the Texas Pacific Railway Company) is final.”
interest on funded debt, $851,990, interest on car trusts,
N. Y. Lake Frie Sc Western.—A dispatch from Buffalo re¬ $143,541 ; other charges to income, $129,444; leaving a profit
ports that Mr. R. G. Taylor, General Manager of the Bradford of $278,584 on Pittsburg Cincinnati & St. Louis Railroad
Bordell & Kinzua, the Bradford Eldred & Cuba and the Tona- proper. Deducting the loss on leased lines of $271,176, leaves
wanda Vailey & Cuba narrow-gauge railroads, has been trying a net profit on all lines of $7,407, against the loss in 1881 of
to complete negotiations for the lease of the roads under his $258,783.
The earnings of the Columbus Chicago & Indiana
management to the New York Lake Erie & Western Railway. Central Railway were $5,122,943; expenses, $4,419 358 ; net
earnings, $703,584.
New York West Shore & Buffalo.—Negotiations which
Toledo Cincinnati & St. Louis.—At Toledo, O., March 2(L
have been pending for some months between the New York
West Shore & Buffalo Railway Company and the Boston the annual meeting of the stockholders of the Toledo Cincin¬
Hoosac Tunnel & Western Railway Company have been nati & St. Louis Railroad (narrow-gauge) was held and the
finally concluded. The latter company has disposed of all the following directors were elected: George William Ballou of
interests west of Hoffman's Ferry—a place on the Mohawk New York, John McNab of Glover.sville, N. Y., Theodore
River about ten miles west of Schenectady—to the New YToik Adams of Philadelphia, G. C. Moses of Bath, Me.,'and John
West Shore & Buffalo Railway Company, and agrees to extend Felt Osgood of Boston. A little over 125,000 shares of stock
s road from Schenectady immediately
to a connection with the out of a total of 250,000 shares were voted.
this
Mai Cfl 24
THE
J58fc'S.J
CHRONICLE.
341
COTTON.
rl-Ixc CcrMmcvcxal ’Sum
COMMERCIAL
The weather
spnng-like.
during the
Friday, P. M., March 23, 1883.
The Movement op the Crop, as indicated by our
telegrams
from the South to-night, is given below. For the week
ending
this evening (March 23) the total
EPITOME.
receipts have reached 105,062
bales, against 111,181 bales last week, 124,82 3 bales the previous
week and 135,321 bales three weeks wince ;
making the total
receipts since the 1st of September, 1882, 5,242,783 bales, against
4,236,605 bales for the same period of 1881-82, showing aw
Friday Night, March 23, 1883.
most, of the week lias not been
The temperature has fallen quite low in all parts
of the country, and much snow
the week closes, however, there
is reported in
has been
a
some
sections;
as
favorable change.
To-day, being Good Friday, is partially observed as a holiday,
almost all the Exchanges being closed; the bauks are open, as
it is not, a legal holiday.
Great stringency has continued to
prevail in the money market, This and the other circum¬
stances mentioned have not been favorable to the progress of
either legitimate or speculative business. Still, these are mere¬
ly temporary drawbacks, and there is every reason to anticipate
an early change for the better in all respects.
The provision market has been irregular, and although the
speculation in lard has been free, it has generally been in the
interest of those desiring lower prices. The receipts of hogs
at Chicago have been much larger.
Here prices are low^r and
irregular, and Thursday showed much uncertainty. Mess pork
was sold on the spot at $19 12%(H$19 25; family mess $20@$21;
prime mess $18 75; April options for contract, Western quoted
$1-8 70@$1910. Lard sold on’the spot at ll*42%c. for prime West¬
ern; Continental refined at 11 40c., with South American quoted
iPSOc.; for future delivery the speculation was large at ll-40@
U*;l7c. for April, ll‘4G@ll 33c. for May, 1 l'50(u 11 40c. for June,
HT)0c. for July and il\r>7@ll54c. for August, closing about
steady; March ll-4C@ll’45c.; April 11‘42@1143c.; Mayll‘44@
1145c.; June ll‘4Sc.; July ll*54c.; August llv>7c.; seller year
I0‘85@10’87c. Bacon was firm at 10h>c. for long clear. Beef
hams sold at, $2150 at the West.
Beef quiet at $2G@$27 for
city extra India mess. Butter has been easy and irregular, but
the feeling at the close is better. Cheese rules steady and
low^r; ocean freight-rates have called out better export de¬
mands. Tallowquiet but steady at 8/4@8%«. Stearine is quoted
at ll%@ll:Mc.for prime and 9%@10c. for oleomargarine.
Rio cotfee has latterly been quiet but firm on the spot at
9%c. for fair cargoes; options have been less active, but have
nevertheless advanced somewhat, and closed Thursday at 7 30@
7 40c. for No. 7 for March. 7'40@7‘45c. for April, 7’G0(©7 05c.
for May, 7‘80(9)7'85c. for June and 7 90@7'95c. for July; mild
has been firm, especially for old yellow Maracaibo;
Padang
has been firm at 18/2@19c. owing to the favorable result of the
Batavia auction.
Rice has been steady but has sold to
only a
fair extent. Spices have been more active in bonded goods,
mainly cassia, which has, however, declined to 6/2C. in bond;
duty-paid lots are quiet and somewhat nominal in value, buyers
purchasing very sparingly, owing to the fact that the duties
will be removed after July 1; in this branch of trade, therefore,
the demand is mainly for lots in bond which can be held till
fairly at that
price; grocery grades have been moderately active and steady.
Raw sugar has been quiet and more or less
depressed, owing to
considerably larger receipts as well as a weak market for re¬
|
Receipts at—
Mon.
Sat.
Galveston
2,176
Indiauola, Ac.
....
New Orleans...
Tues.
2,280
Wed.
1,935
Thuvs.
5,240
....
Fri.
2,666
....
....
138
6,833
4.530
3,283
8,149
20,997
733
456
421
102
162
766
2,040
Florida
1,550
Brunsw’k, Ac.
2,603
....
Charleston
Pt. Royal, Ac.
....
.
2,550
m
95
2,094
2,661
14,727
728
1,402
8,506
216
216
301
1,686
•
220
*
•••
m
05
....
412
....
1,632
West Point, Ac
1,257
262
....
Norfolk
1,438
....
23^
MoreUM C.,Ac
2,782
•
1,427
....
....
3,03 2
....
2,251
Wilmington
10,616
138
5,020
Mobile
Savannah
| lotal.
5,319
2,162
.
1,651
.
•
253
•
154
151
2,520
3,111
11,743
3,411
....
1,8 J3
1,555
....
....
....
New York
405
567
228
1.426
209
403
3.417
Boston
070
556
63.3
065
492
030
4,614
Baltimore
Philadolp’a, Ac.
....
....
•110
233
•
•
•
....
•
....
....
.
.
1,201
.
.
630
578
578
810
3,524
15.9631 17,877 18.14 li 12,175 28.050 105,062
For comparison, we give the following table
showing the week’s
total receipts, the total since Sept.l. 1882, and the stocks
to-night,
and the same items for the corresponding periods of last
years.
Totals this week
12,518
1881-32.
1882-33.
Receipts to
This
March 23.
Since
Week.
Galveston
10,616
Indiauola,Ac.
New Orleans...
Mobile
11,727
Pt.
8,506
3,117
4,614
533,505
21,740
121,846
17,250
707,136
205,039
120,487
142,149
578
37.900
3,521
68,362
216
Wilmington.,..
1,696
M’liead C., Ac
154
Norfolk
11,743
West Point,Ac
New York
Boston
3,411
Baltimore
Philadelp’a,&c.
Total
105.062 5,242,783
Sep.
1883
388,372
1832.
63.06.5
50,589
13,350
13,148 1,108.037 317,430
243 015 g i n v>
4,1:34
265,035
1.
72
82
5,931
20,701
633,208
5,508
Royal, Ac.
i
1, 1881.
5,560
14,635
748,035
Bruusw’k, Ac
Stock.
Since
Week.
20,007 1,458,922
2 610
207 313
05
Charleston
Sep.
726,053
15.799
138
Florida..
Savannah
This
1, 1882.
j
after that date. Tea has been less active than
recently; green
has declined slightly at auction, but Japan and Oolong have
been steady; at an auction Thursday prices were firm.
Foreign
dried fruits have been quiet at some decline,while
foreign green
have been fairly active and steady. Cuba molasses has advanced
to 33c. for 50-degrees test
refining and has sold
increase since September 1. 1882, of 1,006,178 bales.
oi:
73,786
60.197
36,819
6,964
5,616
466,176
50,287
285
22,757
400
1,7 47
134
11,071
1,916
1,496
8,660
130,017 12,778
25,682
553,925 G3,946
175,402
139,512 226,557
6,329
47,303
179,163
5,885
10
14,096
26,438
1,075
56,545
9,580
327,313
11,245
37,718
20,358
61,016 4,236,605 881,904
889,723
In order that
comparison may be made with other years, we
give below the totals at leading ports tor six seasons.
Receipts at—
1883.
1882.
1881.
1880.
1878.
1879..
fined; fair refining has still been quoted at 7 l-16@7%c., while
Galvest’n.Ac.
19,754
13,113
5,632
4,600
96-deg. test centrifugal closed at,
5,631
4,15l
13-16c., and the average
New Orleans.
run of Pernambuco
29.997
13,143
38.024
27.057
16,667
cargoes at 6%(9)6%c Refined has been quiet
22,016
and closed at 8:Mc. for granulated, 8%@9e. for
2,610
4,154
2.311
3,734
2,808
5,246
powdered, 9%c. Mobile
for crushed and S%c. for standard “A”.
Savannah....
14,727
5,031
7,033
3,500
8,191
8,222
8,722
5,005
Although the movement in Kentucky tobacco has been small, OhaiTst’n, Ac
5,424
3,006
2,898
3,454
yet. the late range in pric-s is firmly sustained; the sales for the Wilm’gt’n, Ac
1.340
1,031
1,501
783
1,821
1,895
week include 335 hkds., of which 145 hhds. were for
15,154
6.210
13,837
8,723
11,353
export; Norfolk, Ao..
7,719
lugs were quoted at 5%@G%c. and leaf 7(910/£e. Seed leaf has All others
12,228
11,332
16,083
4,807
11,336
12,767
been quiet; ‘■ales for the wreek are
only 030 cases, as follows : Tot.this w’k. L05.062
61,016
93,690
53,419
200 cases 1881
60,698
G5,470
crop Pennsylvania at 7@12%c.; 180 cases 1880
crop Pennsylvania at SrtflSc.; 100 cases 1881 crop New England Since 8ent. 1. 5242,783 4236, *105 5012,112 4447,660 4119.220
3893,458
at 10(#30c.; 100 cases 1881
crop Ohio at 5/£c and 100 cases
sundries at 3}<(gl8c; also, 400 bales Havana at 88c.@$1 18c.
Wilmington includes Morehoad City, Ac.: Norfolk iucludo9 City. Point. AoV
iu naval stores little of
The exports for the week
importance lias transpired except the
ending this evening reach a total
steady decline in spirits turpentine, which was the direct result of 95,059 bales, of which 48,187 were to Great Britain, 11,730 to
of the drop at the South and the lack of business
interest here; France and 35,142 to the rest of the Continent, while the stocks
yard lots were quoted at 4S@48/£c.; common to good strained as made up this evening are now 884,904 bales. Below are the
rosir.s $1 65(a$l 70. Refined
petroleum, while remaining quiet, exports for the week and since September 1, 1882.
has been advanced
by the higher prices for crude certificates;
Week Ending Mur. 23.
From Sept. 1.1882, to Mar. 23, 1888.
110-degrees test is now quoted at 8%c. and 70-degrees test at
Exported
to—
Exported to—
8/J2C. Crude certificates early in the week were active at much
Great
higher figures; since then the realizing sales have brought
figures down from $1 10 to $1 03%, with the closing Thursday at
$102%. Hops are looking better; there have been sales of the best
State crop of 1882 for
May delivery at $1, and for prompt 87}*?
®90c. have been received;
yearlings are quoted 70@90c. Linseed
oil steady at 55@56c. for
city, 53%@54c. for Western and 59@
60c.^for Calcutta Lard oil declined to 91c.; crude sperm
$105; crude menhaden 50c.; crude cotton seed 47c.; refined
summer yellow 51@52e.; crude
Nprthern whale 58@60e.; do.
Southern 55@57c. Ingot copper steady at 17%@17/4c. for Lake
and
15%c. for Baltimore.
Ocean freight-room has been irregular;
all rates have de¬
clined, and the latest tone shows an easy and unsettled state of
affairs. Grain to Liverpool by steam was taken
to-day at2%@
3d.; cotton 9-64d.; Hour 12s: 6d.; bacon 15s @17s. 6d.; cheese
17s. Gd.@20s.;
grain to London by steam 4%d.; do. to Glasgow
by steam 3%d.; do. to Cardiff by strain 4'id.
from—
Rrit'n. France
8,400
Galveston
Now Orleans..
14,424
......
11,662
Mobile
Conti¬
Total
nent.
Week.
Great
Britain. Frame
8,840
17,240
10.773
86.859
1.100
1.100
21,743
5,423
4.850
4,850
5,414
9,7o8
97,230
124,264
25.658
21,715
2,150
49.116
......
386.6SS
......
274,82 i 83,600
633.063 228.889
Conti¬
nent.
Total.
135,435
413,857
1.207,337
1,100
31,205
339 385
Florida
3a7anuah
....
Charleston *...
Wilmington..
•
4 264
•
•
•
2,150
Norfolk!—..
New York
5.916
Boston
4,977
Baltimore
P .iladelp’a,&c
8.556
...
•
......
......
6S
10,119
844 976
4 977
122.227
3,558
4.590
123,610
......
4,500
Total
48.187
11,730
Total 1881-82
54.059
15,306
__
*
4,135
........
61,6:6
23,105
5,419
—
226.283
170,500
1,560
349,171
319.548
13 997
50,616
350.685
123 885
491,400
443
123,870
38,133
165.192
1,688
63,301
35.112
95.05'» 2,198,384 341,809 1,051,858 3,595.111
11,565
81.0201,707 836 271 270
_
Includes exports from Port Royal, &o.
I- includes exports from Wost Point, &<}
637 439 2.610
545k
THE CHRONICLE.
312
> z?
telegrams to-night also give
ns the following amounts of cotton on shipboard, not cleared, at
the ports named.
We add similar figures for New York, which
are prepared for our special use by Messrs. Carey, Yale &
In addition to above exports, oar
roll
£32?
g is
c
—•
Tw p
2-
—
-r
Shipboard, not cleared—for
Great
! Fi'anct.
Britain.
\
New Orleans....
J'Foreign
Other |
Coast¬
30.037
3,561
None.
None.
0,114
1,100
2,100
1,088
30,580 j 11,097
Mobile
Oil arc stem
3,000
Savannah
2.700
3.900
None.
None.
5 41
Galveston
12,170
1,917
Norfolk
New York..
Other ports
11.218
Nolle.
None.
None.
3,800
3,500
Total 1883.
28.000
7.579
1.020
75,875
7,500
7,78.8
32,800
500
*
u
211,005
27.152
42,199
40.980
220.457
4,000
51,131
Total 1881
FT* xT*
rp
13
O
0
c
12,935
22.197
02.981
4,807
7,711
128,388
20 1,01 9
701.310
O
620,998
w
y
The decline of
Wednesday to 10 cents was an especially dis¬
couraging feature, as it exhibited inability to carry stocks in
store. Yesterday the opening was comparatively steady, in sym¬
pathy with steadier Liverpool accounts,but the close was slightly
lower, except for March, which recovered a part of Wednes¬
day’s decline. Cotton on the spot lias continued very quiet,
and quotations were reduced 1-16c. on Monday and again on
Wednesday. Thursday the market was steady, with more
doing for home consumption, middling uplands closing at
lCH^c. To-day being Good Friday, the Exchange has been
closed, and will not open again until Monday.
present to promote any advance in prices.
M M
c
Sat.
NEW ORLEANS.
Sat.
TEXAS. '
urionTnex
!
Mon
Sat.
Tne»
79ig
712
7L>
77s
7>:i16
713,6
778
rj,
i
713,6
8
71jig
71516
814
8U
8;>ifi
8U
RI4
Si^io
83-i
91,6
91,6
93,6
91, fi
91,6
Str. G’d Ord
9k
65l«
9--16
99,6
9ifl
9»16
0%
9%
10^
10 78
ll^s
Fair
1218
123in
Wed
ig
9L,
10
10
10°1G
1014
lOq
99,«
91iig
16
1
10
0^6
Til.
tog
o
O C C
c
—^
~
7~ib
191
K)Lj
1058
101°ig 1078
107,(>
1078
1078
ll-q
1218
H»l«
1118
: ic~1(i
lli«
1158
tlr>8
12%
l*27i« I123&
Wed
Frl,
Th,
1'1G
101,6
10i>,6
I0»n
7";g
Midd’g Fail H510
Fair
12lifi
7 3-1
;
Strict Ord..
778
77s
Good Ord..
8iqH 8Hig
9 in
Str. G’d Ord
9j3
9 r>H
Low Midd’g
9^
Str. L’wMid 9^ig 91oig
1 Lq
Middling... 1018
Good Mid.. 109io IO^ig
Str. G’d Mid 101«lG 101316
11 ”16
0^
»—1
-I
Frl.
10
1014
IOI4
19”, e
10151G 10 7s
113,6 Ills
ll»lf 11%
L2T„; 123s
c-i
0
Wed
Tit.
73.1
8:sig
8aiG
.
9
9
ci
o
^3
*
;
'
1()3b
1038
1013I6
Sat.
lflie
■
11V;
125,6
:
•
Mon Tnes Wed
Low Middling
Middling...
....
7;516
7i«
71s
8
715,c
SHifl
715,6
8*3
71,6
77s
9ie
97,«
8%
97, p
933
*
X-IO)
►~M*W
005©
Ht-c
M
1C 1C
O 10
O
W^l
£-*
c?
©
C o ro ^
i $v>c:
coco
*1
©
1C tc
^
1 ®'®:
CC
^
££
©
££
to
O'
o
(5
Oil 0)1
©
e*WM^
I ©©:
M ►-* b M
COcO
C) Ct* C O)
O >
^
OCOOm’1
if
X-*0- M
OOc©
Oi O'
1 JO
©
Ci*
X
£
c 0
6
b 05
-;i©t©^
l-i
©OoC
6* b © b
£
’■*
O to
i
1 0)
0
m m
r>
Mm*!
©Oc
£
MM
©©
£
99
<
©©
C505
©
-Ml
«
-Ml
05 05
_•4-1
ft) to:
W W
1 ©>x-:
M
1
M%- M
X-»
05
^
1 ©£:
x-L; m
&Qq
OCcO
-J *4 © -1
o
x-
^
99
£
9
u--
©
£
Mm
n
©«
1 d
1
2
^
1 ti)
:
-1
X-
fjx
<
99
££
A
1
<
©
<1 *1
©1
*
-4 ro
1 ®
:
1
9
#*.
1 ©*X
08
row
ro
^
Cm
^
!
01
-1 <1
-I
tO
tt.
MM
bx
MM
99
<
99
*1
©
09
%
to to
©
^
©1 ©r
M
t0
nr.
0
M
M00
X-1—
ix
►—• »—A
^ ^
MM
a
i*
99
99
2
O ©
<
©
C; 05
^
xj -1
co
1
55)
mm
00-0
to to
©1
<
©
^
©
Ox-
rb
WW
bx
<
©
^
1 ©
:
X
CO
MM
It*
99
<
M M
©
O
^
M
1 ft>
M M X* M
M M
|C XJ
M M*] M
COcO
oocC
OOOO
ocoo
COCO
66©6
66©6
6606
M
CO
‘
•
J
,
M
Cj
00
ft)
00
ro
ro 0
00
M
b-
►-« M-*
bx
©
0
9 1
<0
‘
I ©
o©o
00
6
©
roro
-4
7l~‘.
o
roo
:
I ©
C C o
©
o
cd©6
for
(ft
o c
M X-
0
Wto
£
M x-*
X- M
CO
99©9
M M
CO
O
o
a
M
M
CO
*
I
©
M x-*
©9
Om
-; O
©
to cc
o©
M
c
§
©
M M
:
MM^-m
c o
2. ©M
o.
ft
s
1
:
£-»
M M
&
M I
O
91
© 1
xj
1
:
—
OOcO
to to © to
M
W;
8
^
1 ©
*
Oi x-i
COOO
bx
M tO
1 ft>
—
M
1 ft m:
xJ
©°
MM
1
CC
occ©
Ci5
1
WO<
M
£
b
m
9©9
11 x-jO^J
0
5ft
ca
M
^
n
bbob
CCqO
M
M ©«
!
©os
X-> M M
©
O' 01
HMwH
a os
99©9
COcO
M M © £
M
66
XMqX
c 05
M M
**
1
MM—,—1
© |Ci.
ru
to
1 ©on:
X«<
©
05 05
Oi
OOc ©
©
o©
m
3
s
%
©O
<
©
0
M M
lO M
B
M
w-i
M
99
99
b C5
ix
£
©
XX
W
0w
0 0
1
'
MM
roo
£
xi
1
tO M
05
©
£
f>
05
ZZ 7*
b
©
0
05 ro
w w
00 0
<
O'
to to
r-
bos©
ro
o
0 to
©■©O©
<1-1 ©x|
w
OO
OO
b
A
1 ©ro:
1 ©©:
©o© 0
a-t©05
00
^
MM
x-*-*
:
£ iC © £
x.|
M
-d
£©00
M
I1
M M
w
<
CJ«
OOcO
—*
fc*.
99
HH
M
coco
X^
<
0*^1
M H-qXI
CClP-
99
H*
^
I ©2°:
x-i
t>
X-
©
COW
cso
©b
X-> X*
1 ©X-:
Hj.
00
05
►>
■<
©
-) O
1
10
0
01
MM
b Oil
-
0-1
©0©
0
1
1
££o^*
a< 0
x—
^
OOo©
bb ©b
£
1
1
©
Ml-*-
10
0
»c ro
i ©o:
1 e»to:
.
^
CCo©
%
COCO
C. T
8iM
©OO©
K
to
*-n X-l
99©9
£
—
M
©
£
»(S-
£
©
a
•
'8
Iloli-
8&lr)
day.
I I
►3
Frl.
•
©
o
I
Mil
I
93s
I ©
M
:
lj
M
I ©: :
I ©:
1 ©
<
<X,
2
»
£
S3
3
!
£
£
£
<1
©
I I
MARKET AND SALES.
■i
fl
©
©
©
The total sales and future deliveries each
week
^
9?
£
.
£
M M
<01
o
©
COcO
m »i«© £
M M
°c!
v]*-<
S3.
£-• »-*
O00
1 ©00:
«
© |
a-
x-x-
M
■Xj-l
;
£
CO
►- x-
its?
1 ©©:
x->V M
0 0-5 O
©I
O
1 ©O’
M
c
©T O
§ri
-I J
O
to to
<c < C
^
m>
COoO
O
I ©
£m©—«
123s
71,6
/
•—»
©
£
©
IS;:
Good Ordinary....
Strict Good Ordinary.....
1.-1
to to
10 to
t>
M M
'i’li.
M M
9?
M
M
cr. CC M
c
•
ft
^
CO
OOO©
97,6
10%
O'
M
i ©r*:
0
77s
®o
0
1013,( 1013,6
Hhe 11 1
113,0
125,6 125,6
^
I S3)to;
a
S; J
M
c©
<x£©m
9
10%
w
©
©0
l ©
915,6 915,6
103,tl 103,6
§
c
1014,6
lUlG
11916
12u,p
STAINED.
9
9“ 10
.
9 ‘16
9<ig
01&16 9 1oig
10«;g 103,
£’? X
©O
83,(5
iff
M
CO
MM
M M
to
W
M
—*
CO
:>
00
O'
M M
m* m
o©o©
O
O
M
-
CIO
1 «<>:
F-4
© © O
M M
CO
O'tfXi-.'’1
0
COcO
MO
©
0
M
XS
•-*
CO
<
£l°
M
©
©
x5 £ ©
rf- CC
©
0
—
co-o
cccb^co
0.05
1 1 58
73.1
•
oo
©r:
M
COcO
©O
107s
Frl.
a 0
M
SiS'u
S3 -3 25
^ 1
1
1 ©
:
M^m1-*
— :
mL, m
M
W -*
occ©
to
11%
m©0
I ©
W
XH
0
w
107,6
0
CO
°
OJi C.'*
ro
;>
0
H£r«M
O' 0 - 0
'
CJ* ^ L r:,o
W
1
*
g & /- =
M
:
m
-.
to
"i
•
CO
99
§|
og
o
c
x- —
M
t: © ic
m
r:
c
CCCoO
£
b-°
=
?,c*
-io
o
1 ©-«:
ow
o*-
<
o-*
©
0
m7,
cc:
m
o o o
M'Mm;-‘
© © 0 ©
0
rog*
j?
= CJ«3
S arUC^s
Vl ^
COCO
to 00 o b
££
a
tT
w-
co
M
3
•
WOI
co to
o
.
©
^
•©
M
a
CK
cc 0
to to
I s^e-:
o
a
0
©
ij!lro
95
M >~l
oo
©
s5
57 SO
7?
IT
CO
©
©
M x->
o<
m
cc
C O M
o
z?
e©
oo
CO
sr >-
IT
to
©
-
1
'X
Jv.
MX-*
O
•
r* *
*
©
•-
MM
x4
10
10Lg
734
|
£
121,«
f—•
so
00
^
►-ll X-*
^ c
o
>_i
Pa-
bo
©
I a' o:
0
Ordin’y.^ H
xl
f-
O
Strict Ord..
Good Ord..
9H
►
coco
©Ci
0
©rdin’/.$lb
10
X-
99
ITI on Tues
Low Midd’g
9\
Sti.L’w Mid ioilc
Middling... loq
Good Mid.. Id lip.
■tr.G’d MidTOiSj*
Midd’g Fair llmi
6© 6
CO
each day of the past week.
UPLANDS.
S
©
1 ©
C Cl
For immediate delivery the total sales foot up this week
March 17 to
March 23
$» m ^
M m —. ©
mo
b©
© c
The total sales for forward delivery for the week are 384,900
1,998 biles, including 150 for export, 1,513 for consumption,
805 for speculation and
in transit. Of the above, 300 bales
were to. arrive.
The following are the odlcial quotations for
©
.
0
March options on
bales.
-■
•
I
©©2
a-© ® r*
xj
6
h
^©5
ft) ro
©
M M
M
! ft)
£ *7*
©
(J3
*<1
x -
CO
CO
-1 CO
*—i
-4
C
e-
o
9c 3
cc
£-*
The
at
pP
@
f-
88,389
marked loss of confidence in their ability
y
i
ro
i
j
709,221
X
© •
X
175,083
a
to
o
3
13,805
rise have exhibited
:
rK
"2
70,780
speculation in cotton for future delivery lias been at
steadily declining prices, but latterly with more activity in
the dealings.
The leading influences adverse to the support
of values have been dull and drooping, foreign markets, large
receipts at the ports and principal interior towns of the South
and the stringency of the money market.
The operators for a
CO
m©
10,914
32,138
10
8
r. o
a.
•Spy
=3:
p
10
O
or.)
lp
3*
?■-
CO
•*?
03
Ohsocgg* 3 £. sa
US-*®
a- © ao jo
C .x * vj
— —i
fr*
08,118
101,1.,9
.....
23'g’l
o
ce a ;t>
p
x—
4
18,200
0,1(10
r-P*
■t:.
rr~f
©
03
M
©
39.705
5,080
235100
5.110
None.
None.
2,300
Stock.
Total.
wise.
re
©
X
CTj
Total 1882
p
a
g
i 3
* *
Leaving
'
1
£
-
Cj
0&
~
in ©
‘
x
©■
cs c.
~
c
®
—
SB CT
-
Mar. 23, at—
c
f*.
©
Lambert, 60 Beaver Street.
On
g'eTfctq
©-©
-•©
X
©
O’TJ ro©>
083® £
®
*
~
[Vol. XXXVI.
I ©:
day daring the
indicated ia the following statement. For the con¬
venience of the reader we also add a column which shows at a
I ©: 1
I ©
are
glance how the market closed
on same
days.
SALES OF SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
Sat.. Dull
Mon .'Quiet at
Total
| Con-
port. sump.
..j
)
dec.
Tues.|Dull
Wed .(Quiet at
Tburs Quiet
Fri.
Ex-
150
»
11« dec.
1
..
150
Spec- Trayi-l
ul't'n sit. j
197
103
154
170
913
Holi
day..
1,543
305
100
205
....!
....!
•
•--j
....1
....
I
Total.
297
FUTURES.
Deliv¬
eries.
Sales.
28\2C0
103
58,400
509 98,500
170 101,000
913 95,S00
....
*
*
*
*
1.998 384.900
The daily deli verm* given aoove are actually delivered
vious to that on widen they arc reported.
300
300
300
700
400
731,000; September-December for December, 1,097,400; SeptemberJanuary for January, 2,070,200; Septewber-February for February,
1,300,200.
Transferable
tlie'day pre¬
Orders—Saturday, 10*15e.; Monday, 1015c.; Tuesday*
10’15c.; Wednesday. 1010c; Thursday, 10 10c.; Friday,
c.
Short Notices for March—Monday, 10 08c.; Tuesday, 10’10®10*05c.;
Wednesday, 1002c.
have included in tlie above table, and shall continue each
week to give, the average price of futures each day for each month.
It
will be found under each day following the abbreviation “ Aver.’* The
average for each month for the week is also given at bottom of table.
The
2,000
The Sales and Prices of Futures are shown by the follow¬
ing comprehensive table. In this statement will be found tie
£».ily market, the prices of sales for each month each day, acri
Mie closing bids, in addition to the daily asd total sales.
*
Includes sales in September, 1882, for September. 500.200; September-October lor October, 8 15,000 ; 3eptember-November for Novemher.
•27
13
1 l
following exchanges have been made during the week.
pd. to exch.
pd. to
pd. to
•13 pd. to
•10 pd. to
,o-*
pd. to
•12 pd. to
51 pd. to
•27 pd. to
l> 1
exch.
exch. 300 July for Am*.
exch. 500 April for May.
exch. 100 Mar. for April.
excli.
exeli.
exch.
exch.
■23 pd. to exch. 100 June for Aug.
•14 pd. to exch. 500 April for May.
•23 pd. to exch. 5,000 June for Aug.
•28 pd. to exch. 600 April for June.
•12
•14
•31
•11
pd.
pd.
pd.
pd.
to
to
to
to
exch. 100 Jure for July,
exch. 200 April for May,
exch. 100 April for Aug.
exch. 100 July for Aug.
THE CHRONICLE
24, 1S83.J
MARcn
The V131BLE Supply oe Cotton to-night, as mado up by cable
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought down
to
But to make the totals the complete
Thursday evening.
figures for to-night (March 23), we add the item of exports from
the United States, including in it the exports of Friday only.
Our cable of London and
afloat
not received, and
are
we
bales.
Stock at Liverpool
Stock at London
Continental stocks and the
1883.
1382.
1881.
1880.
931,000
776,000
61.000
819,000
573,000
39.025
837.000
2,300
33,200
896,100
20,600
42.500
1,120
17,330
1,100
125.000
2,320
43,500
7,000
810
136.000
420
2,388
3,700
999,300
Total Great Britain Htook
Stock at Ham our*:
Stock at Bremen
Block at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
3,200
40,200
27,000
2.000
900
Stock at Genoa
Stock at Trieste
8,700
4,7 oO
Total continental stocks...
271,000
612.025
2,300
23.182
6.000
40.100
587
125.000
4,300
55,000
Stock at Marseilles
Stock at Barcelona
47,100
1.278
45.0:0
2,130
23.240
2,500
1,3 9 0
5,000
25,100
3,000
238,295
’
-
263,330
Total European stocks.. ..1 ,270,300 1,075,295 1,159.430
249,000
276,000
183.000
587,000
379,000
580,000
54.000
42.000
32,000
Egypt,Brazil,Ac..aflt for E’r’pe
Stock in United States ports
889.723
884,901
831,017
Stock in U. 8. interior towns..
277.992
251,898
227,3 S 9
United Ststes exports to-day..
7,700
6,700
23,060
121,280
736.305
149,461
536,093
25.078
78 J,575
266.120
India cotton afloat for Europe.
Amor'n cotton afloat for Eur’pe
.
..
1,000
Total visible supply
3 .292.802 2,908.112 3,086,139 2,498,010
Of eke above,tke totals of American and older descriptions are as follows:
American
—
Liverpool stock
663,000
Continental stocks
A ueriean afloat for Europe
United States stock
United States interior stocks..
United States exports to-day..
187.000
587.000
884.904
To:al American
537,000
131,000
251.898
7,700
653,000
196,000
379,000
580,000
419.000
110,060
536.098
889.728
227,389
831.017
781.575
277,092
23,000
266,120
6,700
The above totals show that the old interior stocks have de¬
creased daring the week 15,710 bahs, and are
to-night 24,509
bales more than at the same period last
The receipts at
year.
the same towns have been 25,249 bales more than the same
week
last year, and since September 1 the
830,890 bales
are
Quotations
receipts at all the towns
same
Middling* Cotton
for
the table below
than for the
more
time in 1881-2.
Other Markets.—la
at
give the closing quotations of middling
principal cotton markets for each
we
cotton at Southern and other
repeat last week’s figures.
68,300
343
1,000
day of the past week.
CLOSING QUOTA TIONS FOl t MIDDLING COTTON ON—
Week ending
March 23.'
Sal
ur.
1
Tn€8.
Wednes.
978
978
-934
9 hi'd) H
9^8
978
9%
958
Thar 8.
Fri.
..
Galveston
New Orleans
Mobile
Savannah....
Charleston...
Wilmington..
Norfolk
Boston
Baltimore
*
9%
! 91-2 'a> 5s
9^8
9
10
9 ~>s
10
..
1
10 Hi
9^8
9L3
....
8t. Louis
Cincinnati
Louisville
97s
9»4
!
934
103g
HDe
10 62
9 38
913
9 :U
10:%
UUs
101g
93a
913
9 hi
9:U
;
9916
9
34
9*b8® 14
9-V^34 !
Receipts,
9
W r*8
9yI6
a)
j
•
9yie
10
9H16
103s
»
95a
t-,
91
C5
103a
1018
10^2
10
O
w
10^
93a
91*2
9*2
934
938
9 hi
9 hi
934
i)^ a 3.1
34
:
*
9
10
958
944
9
10
9<58
.
9° i6
...
r*8
i
<u»t
10:%
10 >d
Philadelphia.
Augusta
Memphis
i
f>78
•
;
•
*
959 7b H
Plantations.—The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the
outports are some¬
from
the
times misleading, as they are made up more
largely one year
than another at the expense of the interior stocks. * We reach
therefore, a safer conclusion through a comparative statement
like the following. In reply to frequent
inquiries we will add
that these figures, of course, do not include overland
receipts or
Southern consumption; they are simply a statement
the
ot
weekly movement from the plantations of that part of the
which finally reaches the market through the out-ports.
crqp
RECEIPTS FROM PLANTATIONS.
2,586,502 2,173,817 2,56 L,009 2,110,793
East Indian,Brazil, die.—
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, &c., afloat
Total East India, &o
Total American
239.000
219,000
42,000
154.000
39,025
11.280
270.000
196.000
47,100
67.330
183,000
54,000
32,000
25.07S
61.000
104,295
706.300
731,295
2 ,586,502 2,173,817
1 49 161
525,430
381,817
2,561,009 2,110,793
3,292.802 2,903,112 3.086,439 2.498 610
558d.
73d i.
0:iis!h
figures indicate an increase in the cotton in sight
to-niglitof 384,090 bales as compared with the same date of 18S2,
an increase of 200,303 bales
as
compared with the corres¬
ponding date of 183 L and an increase of 794,102 bales as com¬
pared with 18S0.
aoove
At the Interior Towns the movement—that is the
receip a
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and tile same items for th-
corresponding
period of 1SS1-82—is set out in detail in the following statement:
Total,
all
Total, Bren Litle
new ham, Rock. N.
Tex
town? Tex. Ark. Ky. Vat. Ct.
old
C+.
.
0*
-1
©
05
CO
00
a
0
©
©
co 00 co
(X
©
to
J-4
i-1
w'
rf-o it*.
—
tc © e
C©
00
©
to it- tc tc it- to
© C -J X to
*•
f- r-*
©is. tccoi-‘hoT&
CO
0
Cfc
CD
-1
1? 1
©
tc"
*r
0
Ga Ga
N.
towns.
O.
*-
1-*
-1
©0Pj-» M
OO bo© ©01 M
V
►->
CO
CO
cc © *- oc
— 0. ©
© cc © CO © Cl ©
©
;*>
►-*
; co >—• ic i—* it. 0 it-
Is |
to
00
ac © co
*-
© © ©
QCCOtCr-COO©
0.
Ala
.
Columbs, Vicksburg, Shrevpot,
Moutgm’ry.Ala
Mis. Mist. La. Text. Ten. Ten.
tc to
Columbs, Augsta,
00
1
V-4
Ga*.
M
CC
©
00
"l'-l']v|co©
cc
-J
tc
CCOtO c © 0
^
o^»-*<nc©>-‘
i-*
01
©
toco
*-*
t-4
M
mh
It
© © iU ^1 CO tO it- CO © © tC CO it- © © tC <© © -4
OP O' © © if*-©lC -4
b'
j4 © CCQCj-4 © O' CD ©JC ©
bn <jbt O’ooVjlf-©be tc ©-> W© 8-
O'tc
to
it- it- qo -1 O' © tc ud
0
co
COXCOCCOii^MXOO'OOCCit-CiHOO-'-'
-.1
to
©
cn
\U
© tc co ci
4-
© ©
CAcoxcai
CO
© © -1M C°
CO
to to
►-*
Vj If-© •
©0»I—©it-t-co;
CC
II
pi^
f*
<\ -J o« © ©.
©
j-
O'-1
' C1 tc 01
2
133.93i
Mcli.
44
l)
110.126
16
108,200
Ct}
93 090
44
j
302.4E0j321.424
57.451 111. 1 hi 320.500
61
ai
©
QP
JO
7-*
ci
it*.
©
J-* ©to
© *© CD -110
5? ?
frs-
COCCtciCCC^I*-*--©©©
0.
I-4
I-4
cioij-oc ©
cc to O' 0
-1
bi’-iccobi-ir-bicoco
t0©CXtOQtt0it-C©O' — — QPO.tt-OCCCC
© © -J © © M -.1 © © © CO tc -1 ^4 tc C © CC
©to
00 CD
M to
-.lb-4
CC
*-l©-4CCCO©
it- © *4 tc © 1—
CO
CC '-' to
—
CC
plantations since September 1, 1882,
1
>
<8
*£
>to
LC
r-
0
to
?r
00
ac
00
©©C.'.c-'CCO©
-
to
-1
tc
''I
© it*.
m
© co «— ■£- It* © ©
© © Cl © 01 CD 00
©
a
KJ
V-l
if.
©
—1
M
CO
—■*
l-1
-I © © CC. Of
J-4 CO x © o«
V* c i-4 co © Vi
© -1 be 10V.cc© ©ci
O' CC Ot *. 11*- © 00 © © to --1 ex © © © © © © to
© -4 CO CD It- - J «C It- if- to Ot © ot © CD © IC IC 0»
Ot X
Vj <j ©bo V- 0
*-
M1
b'In ©*—
4CD
of
Cotton
in
Sight March 23 —In the table below
give the receipts from plantations in another form, and
1S82-83.
Ct.
<0
•
o*.
Mto
M
•
j—* J—
0
au«>
Lu
r
s?
$-
4
co
© at. Ic be <1
bD^*—V- ©©V.
CD to - »it- ©
itC» it- 1— © © c: 0: CO X © CD
t-4 © <J © © !<- tcic -.J ©-q It- CC CO ^1 ©-4 © ©
1
ci
10
rfr-
^
c;
©
tc
—
»-*©,£. it*.
cc
tc
CD
IO 1
©-."
4-b'*— 4—
-.j
©
be
-1 c ©
© x. 0 ©
ac>
©
Ot
-4j-*
I-4
©-JMJ-'tOtOOD
1-*©
10
CC©©©©©©
it- io it-*© bo
op © CO© ©to OP 01 ’—© © c: ©
-4 IC © t-* it- £X 00 © © © © ot tO' ©O' © ©
*-• ©
© - J © © IX -4 © © K- © it*, ot
1-4 © © CO
15
rto
X
*2
0
X
tc
Ci
?r
It-
Included in the shipments this week are 3,320 bales o£cotton burned
the Fontaine Cotton Warehouse on
the 22d.
I This year's figures estimated
1881-82.
1880-81.
1879-80.
ou
March 23 in
of September 1
263,461
208,193
270,675
271,235
Tot. receipts from plantat’ns 5,566.2 14 4.144,798 5,282,78 /
4,718,904
Net overland to March 1
526,556
353,355
415,047
445,723
Southern consumpt’n to Mcli.l
200,0DC
155,0JC
135,000
120,000
Total in
to-night,
eight March C3
6,232.800 4,953.153 5,832,834 5,284,627
be seen by the above that the increase in amount in
sight
as compared with last year, is 1,279.647 bales, as
compared
with 18S0-81 is 399,966 bales and with 1879-30, 948,173 bales.
by
Telegraph.—The weather has
con¬
generally favorable at the South during the week, and
most sections satisfactory progress has been made with farm
work.
te
*-*
10
tc
5,506,244 bales; in
5,282,787 bales.
tinued
s
*-* tc
»*-J
1
were
S2.703 bales.
Weather Reports
cc
Cp
00
©
87/ 35
out-ports the past week
105,062 bales, the actual movement from plantations was
only 87,835 bales, the balance being taken from the stocks at
It will
ct
Vj OC
X co
© a-
103.733
were
Interior stocks
0: © it- it- © ©01 0 © O' © -X
©
*—
were
1831-82 were 4,444,798 bales; in 1880-81
2. That, although the receipts at the
0
-4-1 tc 0* Cn ©to
c. it-£* iU
00
© ©O
31.141
The above statement shows—1. That the total
receipts from the
excess
©©©i£-|t-*.!Q0©©©©W
CO CC
© © co CO
82 703
Receipts at tlie ports to Meh.23 5,212,783 1/236.60L 5,012,112 4,447,669
s*
£2
1—*
CD
© CO tc <1 -• CC >>• tc CO > -* tc O'
© W © © © C ©.
© © CO
_it-
©
279/44
.
ic
M-qi-'-i-.jpt-qoo
jcobcci
0
©
284.333,297.173 109,468 25,874
9161.'05,042 309.5131253 018
Cl
to
cc t~* © c © <1 to to © © ©
CO
M
111
23
....
add to them the net overland movement to March 1, and
also the takings by Southern spinners to the same
date, so as to
give substantially the amount of cotton now in sight.
CD
-4-
i-*
to to iC to V»
if-
253,618!
44
’dS-’cS.
33Q.749tl22.T29! 74,024 119.182
347,523 158.674 84.090 168,090
81.77911C5.808 313.837 280.528! 343,584 1^9.dS4 77.288 101,929
72,f 31
140,130 312.551 372.451jS20.790 145,252 03.957 129,343
143,397 50.130 119.076
00.169jl34.448 317,588
51 980.135.321 322,453 343.072,308,417 133,801
32.022 122,314
53.747 124,620 319 232 315.973,304.621 130.900 31.648
121,030
133,723
140,55:9
13.3,859
16
453.079\
-
333.647 85,374 139,502 228.789
380,248 101,49*; 96.259 171.983
307,907 138.:. 9. 83,183 3 33,109
95.(o7|
9
44
we
frig-
-a © ao ic 4- ©
to
4- UCi
tc
CO
-1
to
00
-
..
2
“
*d0-’81. ’81 -’32
j’82-’d3
a
co
-0
j-
tc
59,651
25
in
©
or
O
19
“
j’d2-’c3.
110,735 153.429 221.9,i7 33 7.044
123,(504 114 8,7:3 175,332 309,559 435,050
138,879 99,999 150,390 309.262 419,043
*25,070 92.031 130.400 303.321 400,180
14 7,129
171,310 317.806 390.019
j
U
Amount
to
*0
“
41
were
£ ^
K.
©
-1
5
Rec'pts from Plant*n$
’aO-’dl. ’81-^2.
interior towns.
Last year the receipts from the planta¬
tions for the same week were 31,141 bales and for 1881
they
Towns.
Ala Ga
Ga
Tex
it*. •—O © I-* -O 05© *- to CO © ©
©©“CirO©CX-©©COi-‘<X —©1—0P©--1©
© *4 -.1 © CO CO © -.1 © © © Cl © CO © 01 © — «4
Cl
Papeete
cc otAtcVc*©
-1
00
Jan.
SVh atlntcrior Towns.
the
to
-1
O'
w
Mo
Ga
DJefrson, als, Nashvile, Memphis, Selma, Macon,
Receipts at the Ports.
’80-’81. ’d 1 -’i 2
ft
50
*-
Rome, Atlan, Griln, Eufal,
Houstn, Louisvle, I’etrsbug, Raleigh, Newbry, Cincat, Louis, Charlote,
.
tc
St.
Total,
S
Week
enduu)—
Feb.
Total visible supply
Price Mid. Upl., Liverpool
The
263.000
68.300
84,000
Galveston, Texas.—We have had showers
on
three
days Of
the week, the rainfall reaching fifty-seven hundredths of an
inch.
The weather lias been favorable everywhere. Corn has
generally been planted in the southern haif of the State and
cotton planting is making good progress; in the northern half
corn is now being planted.
Average thermometer 57, highest
71 and lowest 42.
IndianoLa. Texas.—It has been showery on three days of
week, the rainfall reaching one inch and eleven hun¬
dredths. Ctrn planting is finished and cotton
planting is pro¬
gressing favorably. The thermometer has ranged from 42 to
to
averaging 01.
We have had a shower on one
Dallas, Texas
day of the
week, the rainfall reaching eleven hundredths of an inch,
Plowing and coin planting are making- good progress. We
had a killing frost 011 one
night, but no serious damage done.
The thermometer has
averaged 54, ranging from 28 to 79.
the
THE
34 I
CHRONICLE.
Branham, Texas.—It has been showery on two days of the
week, the rainfall reaching thirty-live hundredths of an inch.
I
j
Corn and cotton
mometer has
planting are progressing favorably. The ther¬ |
averaged 55, the highest being 70 and the lowest !
33.
Palestine, Texas.—AVe have had showers on two days of
the week, the rainfall reaching ninety hundredths of an inch.
Crop preparations are active. Average thermometer 54, high¬
j
|VOL. XXXVI.
mark of April 15 and 16,1874, which is 6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
India Cotton Movement from all Ports.—We have during
the past year been endeavoring to rearrange our India service
so as to make our reports more detailed and at the same time
more accurate.
Hitherto we have found it impossible to
keep
out of our figures, as cabled to us for tlm ports other than
Bombay, cargoes which proved ouly to be shipments from one
India port to another. The plan we have now adopted, as we
74, lowest 34.
Huntsville, Texas.—It lias been showery on two days of the i have reason to believe, will relieve us from the danger of this
week, the rainfall reaching ninety-live hundredths of an inch. inaccuracy and keep the totals correct.
We first give the
est
Good progress is being made in corn planting...
eter has ranged from 34 to 77, averaging 56.
Weatherford, Texas.—We had
a
shower
on
The thermom¬
one' day of Urn
an
inch.
UOUSAY RECEIPTS AND SHIPMENTS FOR
We
killing frost on one night of the week, but there was
nothing above ground to be hurt.
The thermometer has
Shipments this week, j Shipments
a
ranged from 28 to 70, averaging 54.
Belton, Texas.—It has been showery on one day of the
week, tlie rainfall reaching thirty-five hundredths of an inch.
Corn planting is progressing.
A killing frost on one night of
the week did no damage.
The thermometer has averaged GO,
the highest being 70 and the lowest 31.
Luting, Texas.—We had a light shower on one day of the
week, the rainfall reaching but live hundredths of an inch.
Corn planting is finished, and cotton planting is progressing
favorably. Prospects are fair. The thermometer has aver¬
aged 59, ranging from 39 to 78.
New Orleans, Louisiana.— It has rained on two days of the
week, the rainfall reaching eleven hundredths of an inch. The
thermometer has averaged GO.
Shreveport, Louisiana.—The weather lias been fair during
the week, with a rainfall of sixtv-three hundredths of an
inch.
The thermometer has ranged from 35 to 78.
Vicksburg, Mississippi.—Telegram not received.
Columbus, Mississippi.—It has rained on one day of the
week, the rainfall reaching forty-two hundredths of an inch.
Little Rock, Arkansas.—It has been cloudy on two days of
the week, with rain on one, and the remainder of the week lias,
been clear and pleasant. The rainfall reached ten hundredths
of an inch.
The thermometer has averaged 48. ranging from
30 to 73.
Memphis, Tennessee.—We have had rain on one day and
day of the week, the rainfall, including melted
snow, reaching forty-three hundredths of an inch.
Average
thermometer 44, highest 71 and lowest 29.
Nashville, Tennessee.—It has rained on two days of the
week, the rainfall reaching forty-eight hundredths of an inch.
snow on one
Snow
fell
bringing the figures
year,
down to March 22.
week, 1 lie rainfall reaching ten hundredths of
had
Bombay statement for the week and
here
rear! Great
Jan. 1.
j Great | ContilolaL-\ Britain,1 nent.
j Conti-
BriVn.\
i
since
nent
I
FOUR YEARS.
Receipts.
This
Week.
Total.
Since
Jan. L.
!
1883*
381,000 76,000
13 00124,000 25,000 130,000 *251,000
1882 35,000 5,000140,000 2SS.O0OjU6.OOO
1881 12.000! 4.0O0! 16,0001 83.000! 147,000
L880 14,0001 8,000 22,000l 80,000! 120.000
612,000
500,000
305,000
359,000
4 3 4.000 76.000
230.000 45.000
206,000 48,000
According to the foregoing, Bombay appears to show an
compared with last year in the week’s receipts of
bales, and a decrease in shipments of 15,000 bales, and the
shipments since January 1 show a decrease of 53,000 bales.
The movement at Calcutta, Madras and other India ports for the
last reported week and since the 1st of January, for two years,
has been as follows.
“Other ports” cover Ceylon, Tuticorin,
increase
Kurracbee and Coconada.
Shipments for the week.
1 Conti-
c-r eat
Britaiti.'
Calcutta1883..../.
Great
Britain.
Total.
nent.
1,500
1882
Shipments since January l.
1,500
1,000
1,000
Conti¬
nent.
Total.
4 6.500
9,000
66,700
23,400
90,100
4,500
4,300
1,000
2,000
5.500
6.300
4,000
11,600
2,000
0,000
4,300
15,900'
12.000
29.700
1 12.300
55.500
Madras—
1883
1882
All others—
1883
1882
......
Total all—
18?* 3
1>82
1,500
1,500
55,000
1,000
1,000
82,600
67,000
The above totals for the week show that the movement from
the ports other than Bombay is 500 bales more than same
week last year. For the whole of India, therefore, the total ship¬
ments since January 1, 1883, and for the corresponding periods
of the two previous years, are as follows?
during the week. The thermometer has
averaged 42, the highest being 72 and the lowest 25.
Mobile, Alabama.—It was showery on three daj'S during
the early part of the week, but the latter portion has been
clear and pleasant.
The rainfall reached six hundredths of an
inch. The thermometer has ranged from 39 to 7G, averaging 5G.
Bhivments
Montgomery, Alabama.—We had rain on three days during to all Europe
from—
the early part of the week and the latter portion has been
clear and pleasant, but too cold.
The rainfall reached twenty- Bombay
seven hundredths of an inch.
We had light frost on Thur- All other p’rts.
day night. Average thermometer 52, highest 7G, lowest 34.
Total
Selma, Alabama.—The weather has been too cold during
the week. The thermometer has ranged from 34 to 74, aver¬
EXPORTS TO EUROPE FROM ALL INDIA.
1883.
1882.
1831.
This
Since
week.
Jan. 1.
This
week.
Since
Jan. 1.
This
week.
Sine*
Jan. 1.
25,000
381.000
40,000i
1,500
67,000
26,500
448,000
This last statement affords
a
434,000
ld.OOOi
230.000*
l.OOOj 112,300
6,100i
131.300
546,300
22,100!
361.300
41,000i
very
aging 49.
interesting comparison of the
total movement for the three years at all India ports.
Madison, Florida.—Telegram not received.
Alexandria Receipts and Shipments.—Through arrangements
Macon, Georgia.—We have had rain on two days during we have made with Messrs. Davies, Benachi & Co., of
Liverpool
the week. The weather has been cold.
Average thermome¬ and Alexandria, we now receive a weekly cable of the movements
ter 52, highest 72, lowest 32.
of cotton at Alexandria, Egypt. The following are the receipts
Columbus, Georgia.—It has rained on one day of the week, and shipments for the
past week and for the corresponding week
the rainfall reaching thirty hundredths of an inch.
By the of the previous two years.
tire in the Fontaine cotton warehouse on March 22, 3,320 bales
of cotton were burred.
The thermometer has ranged from 42
to GG, averaging 55.
Savannah, Georgia.—It has rained
two days of the
on
week and the remainder of the week has been pleasant.
rainfall reached twenty-four hundredths of an inch.
thermometer has
lowest 41.
The
Alexandria, Egypt,
,
v'
March 22.
1832-83.’
|
Not received,
i
25.000
!
!
2,736.000
j
Receipts (cantars*)—
This week....
Since Sept. 1
The
averaged 56, the highest being 7G and the
2.180,000
This
week.
Since
Sept. 1.
|
1881-82.
188C-61.
j
This
week.
1
Since
Sept. 1.!
32,000
2,648,000
This
week.
Since
Sept. 1.
Augusta, Georgia.—Wo had light rain on three days the
(bales)—
early part of the week, but the latter portion has been clear Exports
To Liverpool
210,000 -2.000 223,000
9,000 198,000
and pleasant.
The rainfall reached eighty-eight hundredths
To Continent
71,000
2,500 158,338; 7,411 101,035of an inch.
The thermometer has ranged from 32 to 74,
1
Total Europe..
281.000 «L 4,500 381.338 do,111 299,035averaging 51.
A. oantar is 98 lbs.
Atlanta, Georgia.—The weather has been generally dry and
cold during the week, with rain on two days, the rainfall
This statement shows that the receipts for the week ending
cantars and the shipments to all Europe
reaching [fifty-two hundredths of an inch. Average ther¬ March 22 were
mometer 43, highest GO and lowest 27.
were
bales.
Charleston, South Carolina.—It has rained on two days of
Manchester Market.—No report received from Manchester
the week, the rainfall reaching eleven hundredths of an inch.
to-night.
The thermometer has averaged 52, ranging from 39 to 72.
The following statement we have also received by
1883.
1882.
telegraph,
showing the height of the rivers at the points named at 3 o’clock
CotVn
CotVn
f
*
——
_
March 22, 1SS3, and March 23, 1882.
32 9 Cop.
1 wist.
ITeh. 22, '83. Mcli. 23, '82.
-
Feet.
New Orleans
Below
high-water mark
Memphis
Nashville....
Shreveport..
Vicksburg...
1
24
Above low-water mark.
Above low-water mark.
Above low-water mark.
6
22
42
*
Inch.
Feet.
9
0
8
2
10
0
8
34
19
27
4.3
10
1
4
1
hick.
New Orleans reported below high-water mark of 1871 until
Sept. 9.1874. when the zero of gauge was changed to high-water
d.
Jnn 19 85q ©
“
2e 3*4
Feb. 2 334
“
9 £*4
“
16 8*4
“
23 3-8
Meli. 2 Sd
“
9 8*3
"
10. 8*3
“
23!
....
©
©
©
It
©
It)
©
d. s.
9 >4 6
9% 6
9^8 6
8*4 lbs.
•
Upl is
d
d.
0
@7
1 a>
7
6
0
0
6
6
5*8
5-'8
51 dr.
d.
s.
©7
©7
9;V6
9
@7
; 5 11
9*3 5 io ©7
9d 5 10 ©7
9d 5 10 ©7
5 9 ©7
©
Not [received..
•
Mi f.
Shirtings.
5Hio
4k>
5-^8
3
3
3
5*8
O
kJ
....
5&ie
5?l6
5 r'3
32# Cop.
heist.
d.
d.
9 d © 10
9j2 ©10
0^3 ©10
9*8 ©10
9*e © 978
9*8 © 970
9*8 @ 97t
9d ©10
958@lfc*i
99lG©10l4
8d lbs.
Mid.
Shirtings.
lipidsd.
s.
d.
6
6
7d©8
7*3 ©8
0
0
634
d
6
6
5
6
0
0
0
6-8
6*2
6
6
6
6
6
6
6
s.
©3
©8
©7
©7
©7
©7
712©8
7d©3
d.
10d
10d
10d
10d
0
0
0-8
0?16
07i e
(1 3 2
C *8
61 d4
611 j
M Midi
THU
2-1, 188S-]
CHRONICLE.
Cotton Exchange—The Present Hates of Commis¬ the percentages of total port receipts which had been received to
Maintained.—On Wednesday the 21st, a meeting was held March 23 in each of the years named.
,'f the New York Cotton Exchange, pursuant to a call, to con¬
The Exports of Cotton from New York this week show a
sider the advisability of reducing the commission rates as now
decrease, as compared with last week, the total reaching 10,119
lixed by the by-laws. The meeting was held with closed doors,
bales,
Xhw York
sion
Fieiding presiding, and Mr. George E. Moore acting table against 11,813 bales last week. Below we give our usual
showing the exports of cotton from New York and their
as Secretary.
Mr. C. E. Rich offered the following resolution: direction,
for each of the last four weeks ; also the total exports
Restored.
of
that the
of
Mr. M. B.
That it is tin* sen-e
this meeting
Board
Mailrespectfully requested to prepare and submit to the Exchange
an amendment to chapter 3, article it. of the by-laws, to the Meet: -First:
That the rate of comm ssion to bo charged to the members of the Exi tiaiwe who have not an ollire in the City of New York slftill be changed
l'fonw hi cents to 4le cents for every bale bought or sold.. Second—That
•i reliate of 10 per cent per loo hides for tlioround turn be allowed to an
•e'ent who is not a member of the. Exchange.
Third—'That all rules
•iml bylaws inconsistent with these provisions be repealed.
Mr. I- B. Froelich seconded the resolution.
Messrs. Hentz,
and direction siuce September 1, 1SS2, and iu the last column
tile total for the same period of the previous year
|,0
,el.s
Exports
Reported to—
Liverpool
Total
Great Britain
8,985
7,078
Havre
Other French ports
1,111
•>S5
Total French
1,111
285
Bremen and Hanover
1,050
1,206
200
Other ports
671
Spain, Op’rto, Gibralt’r.&c
comparison of the
320
Total 8pain, Ac
320
1381.
1SS0.
1879.
This
week.
from—
N. Orl’ans
Texas....
Savannah
Mobile
Florida.
3,136
650
68
23.005
100
20,050
63
23,105
20,056
3,323
2,665
42,013
31,322
hO
70S
432
25 577
14 134
17,570
4,929
3,805 115,160
50,385
a
1
“u|
1,159:
4,567j
......
2681
.
S.Car’lina
N.Car’lina
Boston.
30
300
2,815
837
5,410
3.0
330
8,225
1,137
of
Cotton at New
Philadelphia.
7.105
3.600 144,073;
19,195
2.100 188,352;
1
1,7 41
62.091
......I 1,837
3,302
3
9.223
4.484 152,070
724 46.783
5,103 196.745'
10
104'
896
4,155
59,932
5.011 111,089
2,924 119,931; 2,657 137,535
..
16,
This year.
26,565!
Foreign
1877.
j
Since
| Since \ This
|Sept, l.j week. Sept. 1.
7,511 181.372!
...
Tenu., Ac.
1873.
6,323; 5,916 344,976 274,870
Gaon Receipts
are the
New York,
Receipts
Virginia..
1382
year.
York, Boston, Philadelphia and Baltimore for the past week,
and since September 1. 1882:
North, pts
Tear Beginning September 1.
Sept. 1.
L2.137 10.499 11,813 10,119 491,466 343 448
as
Monthly I
Receipts.
1
263
All other
The Following
Daily Crop Movement.—
port movement by weeks is not accurate
constantly have before him the data for seeing the exact relative
movement for the years named.
The movement each month
'since September 1, 1382, has been as follows:
„■
1,72 4
Grand Total
and
the weeks iu different years d > not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
period
previous
-
having manifested few supporters, the following amend¬
Comparative Port Receipts
1.730
Total
since
5,916 341.550 265.163
3,426
6,707
1
-
offered by Mr. Donnell was adopted:
adjourned after having been in session nearly
0,323
a
commission law.
The meeting
three hours.
7,078
:
Total to North. Europe
Resolved, That it is the si use of Ill's meeting that it is inexpedient
and would be an act of bad l'aith to taose who purchased seats on the
pledge of a fixed commission law to repeal or so amend the same as to
impair their value, unless the money so received be returned to the pur¬
chasers with interest; and it is turtle r the opinion of this meeting that
no change should be made in the commission law without the consent
and approval of a majority of tile non-resident members.
A
to
Same
|
Hamburg
Resolved. ThatMho Hoard of Managers are requested to bring before
lie members of the Exchange for consideration a by-law repealing tlie
ment
8,985
ending—
March March Murch
8.
15.
•22.
-
give any material iucrease of business, and that it would be
a breach of faith on the part
of the Exchange to reduce the
rales after having induced so many merchants to join, with the
understanding that the commission should not be changed.
Mr. K. C. Allen offered the following substitute:
This
March
1.
Other British ports
not
present
Cotton (bales) from-New York since Sept. 1. 1882.
Week
Hanger, Inman, and others who were in favor of the reduction,
argued tint it would increase the business of the Exchange, and
that the present rates were higher than those of other
exchanges. The opposition claimed that the reduction would
i
of
This
week.
Since
Sept. 1.
’“ci 12*,7*41
Baltimore.
This
week.
Since
Sept. 1.
’*762
76,676
9,382
574
379
18,356
16,363
1,246 44,505
1,9 45
93,858
2.004 56,102
9j0
37,322
159
200
2,5361
.
’
Sept’rub’r
326,656
980,531
Novemb’i l,0?4,G 1
429,777
458,478
968.318
853,105
974,043 1,006,501
996,*397 1,020.802
571,701
487,727
572,728
201,992
October..
Deeemb’r 1,112,536
January
February.
752,827
333,643
888,192
288,84e
689,261
942,272
956,16 4
779.237
647,149
98,491
578,533
822,493
900,119
689,610
472,05 4
893,66 1
618,727
566,824
Last year. 17,002
*1,012,152
>
j 15,40 iqo 1,235
3,470
t
|l 1,621
3.638!74.1 Id' 2.322'179,069
344.443
t 1,00 j,491
t
4.656 24 2,775
t 122.730
Jute Butts, Bagging, &c.—The market continues rather quiet,
and the business for the week
is reported light.
The firm
prices which are asked restrict trade to some extent, the only
Totalyear 1,862,898 4,033,541 1,598,523 4,215.92.1 3,836,56 4 3.56 L, 300 orders being for the consuming trade.
Holders continue to
quote combination figures, and we hear of nothing to be had
Pero’tage of tot. port
at less than 9c. for llA lbs.; 9/2C. for 1% lbs.; 10)|c. for 2 lbs.,
receipts l\*b. 23.
85-15
78-28
84-28
80-27
81 95
and 11c. for standard grades. Butts are not active, and we
This statement shows that up to Feb. 23 the
receipts at the only dear of a few lots, in all about 1,000 bales, for which V/sQ
ports this year were S23,357 bales more than in 1881-82 and
2%<s. were the figures paid, and the market closes with sellers
2iR,370 bales more than at the same time in 1830-81. By
adding
naming l%@2c. for paper grades, and 2%@2/£e. for bagging
to the above totiIs to Feb. 23 the
daily receipts since that time qualities.
we shall be able to reach an exact
comparison of the movement
Shipping News.—The exports of cotton from the United
•for the different years.
States the past week, as per latest mail returns, have reached
105,562 bales. So far as the Southern ports are concerned, these
1832-33
1881-82.
1880-81. 1879-80. 1978-79. 1877-78.
are the same exports reported by telegraph, and published in
Tot.Fb.2i; LSOJ.SiHj {,033,541 4,598.528 4,215,929
fne Chronicle last Friday.
With regard to New York, we
[3,936,564 3,561,300
Afrli.l...
include the manifests of all vessels cleared up to Thursday
1 1,5 S3
6.519
20,473
16,279
10.547
17,751
2
21,2 2
night of this week:
7.625
12,46'
12,17lj
S.
9,863
593,598
447,91s
.
•
**
-
...
“
3...
“
41
“
U
4
44
44
M
“
”
"
41
■**
“
S.
.
“
16,505
12,432
6,913
22,115
10.056;
26,858
S.
21,006
13,404!
6....
22,876
8.
9,329
3....
46,430
13,081
13,435
8,532
11,056
9....
25,695
6,673
10....
1 o,932
*•-</
.
..
11....
12
S.
19,121
10,729
24,551
12,952
23,596
...
13...
14....
15....
16....
17....
18
...
19
8.
9.74S
24,435
10,415
18,576
6,724
8.
12,309
8,723
12,033
19,01 1
6,711
13,764
S.
5,9o9
28.150
10,914
13,745
14,987
17,256
10.207
8.
10,903
25,232
S.
19,104
13,435
12,548
S.
9.111
7.707
8,873
19.179
1
8,298
10,341
13,767
7,531
S.
*
11,497
14,23 4
13,992
14,641
13,192
7,411
14,900
18.406
6,600
4,150
12,019
7,453
18,579
11,210
S,
15.908
s.
15,917
10.2 18
8,718
17,877
13,212
S.
11,1 11
i
21--
16,441
10,397
13,114
8.8 10
17,o
13.S97
“
11.02 4
22
12,1.75
10,090
13,407
14,637
“
6,127
23
8,072
23,050
8,894
8,052
8,099
8.
9,800
“
To-al
Perceir
...
i
I
j
S.
! 5,242,783 4,225,166 4,973,369
4,425,127 4,064,949 3,837,788
ag
j
of
total
^ort reo’ots Meli.23
89-51
8 4-67
83-17
91 40
88-31
ibis statement shows that the
receipts since Sept. 1 up to
tf-tight are now 1,017,617 bales more than they were to the same
d -y of the month in
1SS2 and 269,414 bales more than
they were
to the same
day of the month in 1881. We add to the * table
Liverpool, per steamers Arizona, G70
Cat¬
alonia, 3,251
Germanic, 1,801
Lake Champlain, 182
To Havre, per steamer St. Simon. 68
To Bremen, per steamers Elbe, 1,317
Oder. 1,318
To Hamburg, per steamers Australia, 658 ...Hammonia, 50
To Rotterdam, per steamers Maas, (additional) 50—\V. A.
17.175
8.
S.
Total bales.
New York—To
32,935
23,948
10,239
7,077
13,0; 2
-
10,628
19,653
7,947
9,860
15,631
12,430
20....
“
i
-
10.803
5....
.
44
49,886
Seliolten, 100
To Antwerp, per steamers Belgonland,
To Corunna^ per bark Vegar, 30
To Genoa, per steamer Pawnee, 300
New Orleans—To Liverpool, per steamers
5,916
68
2,665
703
150
183—FLmtyn, 09..
282
30
300
Chancellor, 3,655
Madrid, 1,279
Red Sea, 5,353
Yucatan, 3,/20—per
ship William, 3,537
17,596
To Havre, per steamer Le Chatclier, 1,933
per bark Mod,
1,754
per barkentine Giuseppe Lauata, 1,501
5,183
To Bremen, per steamer Egbert, 3,938
3,988
T > Reval, per bark Bollona, 4,068
4,068
To Barcelona, per barks Aranco, 700..Nuevo Lautaro, 1,000
1,700
To Malaga, per bark Entella, 2,290
2,290
To Genoa, per bark Ferreri, 1,579
1,579
Charleston—To Liverpool, per barks Mathilde, 1,200 Upland
and 200 Sea Island
Virginia, 780 Upland and 140 Sea
—
Island
To Barcdoua, nor bark
Geflon, 1,556 Upland
per brigs
Alfredo, 1.100 Upland
Maria Luisa, 530 Upland
Savannah—To Liverpool, per barks Horouu, 1,500 Upland.
2,338
3,ISO
..
Bremen, per steamer Troubadour. 5,175 Upland
Cronstadt, per bark Agar, 1,630 Upland
Barcelona, per steamer Amaryllis, 5,350 Upland
-To Liverpool, per ship Guldregn, 2.346—per barks
Colin Archer, 2,373
Embla, 1,900
Fido, 1,757
per
brig Juliana, 1,200
To Havre, per bark Sporanza, 1,723
To Bremen, ner steamer Redewater, 4,042
per bark Tail¬
To
To
To
Texas
'
ored, 1,600'
Norfolk—To Liverpool, per bark Kate Cann, 3,676
To
Reval, per bark Felix, 3,768.......
5,175
1,650
5,350
9,666
1,723
5,642
3,676
3,70S
I HE CHRONICLED
346
[VOL. XXXVI.
The tone of the Liverpool m irket for spots and faturea each
day of the week ending March 23, and the daily closing prices
3,535 of spot cotton, have been as follows.
1,061
Total bales.
Baltimore—To Liverpool, per steamers
iuore,
Ontario, 1,568. ...Orau-
1;9G7
-
To Bremen, per steamer America, 1,001
Boston—To Liverpool, per steamers Iberian,
3,206
Philadelphia—'To Liverpool, per steamers
Indiana. 2.500
-
1,158 — Missouri,
British Crown, 2,000
4,500
105,562
Total
these shipments, arranged io our
The particulars of
&>rm, are as follows:
3few York..
H. Orleans.
Charleston.
LiverHavre.
nool.
68
5,916
17,596
5,188
burg.
uerp.
432
3,3/3
3,988
stadt.
runna.
30
300
Total.
10,119
4,068
3,990
1,579
36,409
3,676
....
Philadelp’a
3,535
4,66 4
4,500
Total...
54,991
Baltimore..
Boston
-
.
-
.
Genoa.
3,190
5,524
5,350
15.275
17,031
7,414
4,596
3,709
......
.
.
1,050
5,175
5.642
1,723
usual
RotterBarcelona,
Bremen dam <C- Herat Malaga
£• Cron- d: CotC Hum
2.338
3,100
9,666
Savannah..
Texas
Norfolk
4,601
1,061
......
4
9,486 12.556
432
6,979 19,239
,664
1.879 105,562
3elow we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to the
latest mail dates:
Galveston—For Bremen—March 19—Bark Margrete, 3,020.
Spot.
Market,
12:30P.M
{
)
Saturday Monday.
Tuesday.
Wednes.
inq. Mod. inq.
freely
freely
supplied. supplied.
Easier.
Easier.
lhursdyy.
Mod.
Mud.
jlid Upl’ds
.Vtid.Orl’na
558
5Mie
Sales
8.000
Spec.iVexp.
1,0 )0
53*
5i»is
10,000
2,000
Friday.
inq.
>
freely
supplied
5*8
5«a
5-58
5^13
7,000
1,000
5llio
5llie
8,000
10,000
1,000
CC
1,000
3
O
M
futures.
Market, /
12:30 p.m.}
Market,
5
P. M.
?
\
Dull.
Very dull.
Quiet.
steady.
Barely
Barely
steady.
Quiet.
Steady.
Dull
and
easier.
Dull
and
easier.
Barely
steady.
The opening,
highest, lowest arid closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
1'^‘The prices are given in pen;e an l 6 Uns, thus: 5 62 means 5 62-G ii
and 6 03
means
6 3-64<L
Mon., Mch. 19.
Sat., Mcli. 17.
Tues., Mch. 20.
For Cronstadt— March 17—Bark Gustafa, 1,1( 0.
Bew Orleans—For Liverpool—March
16—Steamer Mayagucz, 2,399
Open High Low. Clos. | Open Hiyh Low. Clos.
Engineer, 4,792; Serra, 4,200.
For Havre—March 17—Steamer City of Lincoln, 6,161; ship John
March 17— Steamers
Murphy, 5,519.
For Keval— March 17—Bark
Frier, 1,600
March 19—Bark Sator,
2,000.
For Barcelona—March 19—Ship Joaquin Serra, 650.
For Genoa—March 17—Baric Vittoria M, 1,676.
For Vera Cruz—March 17—Steamer City of Mexico, 491.
Hornle—For Barcelona—March 17- Bark Anita, 1,100.
Savannah—For Keval—March 21 -Bark Emma Marr, 3,000.
For Cronstadt—March 19—Bark Rosa, 1,850.
Charleston—For Liverpool—March 16—Bark Janies Kenway, 1,840
March 19—Bark J. II. McLaren, 2,424.
For Keval—March 21—Bark Skibladuer, 1,305.
For Cronstadt—March 20—Bark Johannes Foss, 1,300.
For Norik oping—March 20—Bark Fruen, 1,289.
For Barcelona—March 17—Brig Dolores, 1,550.
Wilmington—For Liverpool—March 20—Bark Marie. 2,150.
.Boston—For Liverpool—March 15—Steamer Norseman, 1,914 — March
16—Steamer Samaria, 1,052
March 19—Steamer Virginian,
2,011
March 20—Steamer Palestine,
.
Baltimore—For Liverpool—March 17 -Steamers Fdnanlo, 100; Meutmore, 2,08 4
March 20—Steamer Sarmatian, 1,372.
Philadelphia—For Liverpool—March 16—Steamer Ohio, 2,000
Moch 20—Steamer Lord Gough, 1,500—Match 22—Steamer
Illinois, 1,060.
d.
March
Mar.-April..
April-May .
1
....
5 41
5 40
5 40
5 44
5 44
5 43
5 44
5 47
5 47
5 46
5 46
July-Aug... 5 51
Aug.-Sept.. 5 54
Sept.-Oct...
5 51
5 50
5 50
554
5 5-1
5 51
5 47
5 47
May-June..
June-July..
....
Oct.-Nov....
!a•
d.
....
....
d.
....
d.
d.
d.
538
5 33
5 33
538
5 38
538
5 30
5 39
d.
....
•
•
•
•
d.
!
5 36
5 3 i
5 36
5 33
5 33
5 33
|
5 40
5 41
5 40
541
5 40
5 40
| 5 43
5 44
5 43
5 43
5 43
5 43
5 42
5 42
'
5 47
5 44
5 46
5 40
5 40
5 40
5 46
1
5 50
5 51
5 50
5 51
5 50
5 50
5 50
5 50
5 54
5 54
5 53
5 53
5 53
5 53
5 53
5 53
5 51
5 51
5 51
5
5 17
....
5 41
Dec.-Jan....
d.
5 46
....
5 47
....
1
Nov.-Dec...
.
•
•
5 41
....
5 44
51.
•
•
•
....
5 40
•
5 44
•
•
•
•
•
•
•
.
5 10
5 40
5 40
5 45
5 45
5 45
....
5 45
....
r
Wednes.,
Mcli.21.1
Open High
Low. Clos.
Thurs., Mch. (22.
Fri., Mch. ‘23.
1
March
Mar.-A
d.
d.
d.
5 37
5 37
5 37
5 :>s)
5 30
5 42
pri!..
L’ITv of Lincoln, steamer (Br.). Wood, from New Orleans for Havre,
ran aground out of the channel in the South Pass, near Crane
-Tf land, La., below New Orleans, March 18. Towboats would make
jpviHlbrt to get her off. She may have to be lightered. Her cargo
cou nts of grain and cotton.
OUNSi.LLpRAKteainer (Br.), Lang, from New Orleans, February 12. for
Liverpool,, put into Isle of Aix, March 19, with loss of propeller.
She had been towed for six days by the steamship Chateau Laiite
(Fr), which arrived at Bordeaux, March 20, from New York.
MQRKO Castle, steamer, before reported seriously damaged by tire.
A portion of the damaged, cotton ex-steamer Morro Castle, say 250
whole and 150 bales loose cotton, was sold at Charleston, Meli. 15.
Tho loose was purchased at lq^l^c. and the bales at 2 a Dee¬
per pound.
.Norfolk, steamer (Br ), Woolston, from Savannah, took fire at Amster¬
dam. March 14. The tire was not extinguished until much damage
June-July.. 5
July-Aug...
Aug.-Sept..
Sept.-Oct...
Dec.-Jan...
j
d.
d.
d.
d.
5 37 1
5 37
5 37
b 36
5 36
5 38
5:iS
5 38
5 38
5 38
53«
n
....
....
.
.
.
•
•
•
.
5 42
5 12
J
\#o
5 42
5 42
5 41
5 41
46
5 46
5 45
5 45
5 45
545
5 45
5 45
5 40
5 40
5 40
5 40
i
5 19
5 40
5 48
5 IS
5 52
5 53
5 52
5 52
! 5 53
5 52
55L
551
5 43
5 43
....
.
5 43
•
>>
7Z
3
4
4
....
Oct.-Nov...,
Nov.-Dec...
d.
Open High Low. Clos.
....
April-May..
May-June..
wo
d.
5 11
givi» all news received to dice of disasters to vessels
sarryjag cotton from United States ports, &c.:
Belov
d.
....
Open High Low. Clos.
5 -13
1
;:;;i
5 45
5 45
5 45
5 45
!
5 42
5 42
5 42
5.42
1
....
*,'
.
.
.
.
' 1.
:
1
*.
BREADSTUFF S.
Friday, P. M.. March
23, 1383.
Flour has been
quiet and depressed, especially for the winter
Giuseppe Lanata, barkentine (Ital.), froih New Orleans. March 18. for
wheat
grades. The receipts have been moderate, particularly
Havre, was discovered to be on tiro the same day. She was taken
in tow and rnn ashore between South Pass and Pass a l’Outre.
of spring wheat brands, but the supply of all kinds has been
The tire was extinguished on the 19th. She was towed to Now
Orleans on the 21st. She has a large quantity of water in her, is
ample for the demand prevailing, and this facr, in connection
baily listed, and will discharge her cargo (cotton).
with the liberal supplies abroad and the decline in wheat, has
Cotton freights the past week have been as follows*
served to depress the market.
To-day there was only a
moderate
trade, and prices showed no marked change,
Pri.
M07l.
Satur.
Tucs.
Wednes. Thurs.
Wheat has continued to sell fairly for foreign markets and
;
Uverpool, steam d. °32® h*l2 5;5o <2)7‘io 53‘j®732 5;J2®732 632®732
early in the week there was quite a good business on specula¬
D«
sail...d. llf»4~15d4 nG4-106I ll61“15C4 UG4"15t4 1lC4-l5e4
tion ; but latterly the trading in options has fallen off some¬
V
V
38’
J
Savre, steam
c.
3>o
c.
sail'.
what. Prices have declined 1 to 2c., mainly owing to depressed
!
Storemen, steam, .c.
1733*
1732*
173217:*2*
markets in Europe. The general tendency of prices, both here
Do
sail
c.
>»
and at the West, has been downward, though heavy snow storms
r5
Slamburg, steam, d. 7S2®14* 732® V 732 ® *4 * 73i>®34+ 722® I4
in
some parts of the West and an unusually low temperature for
Do
sail... d.
a
52
52
52 lot
52
41
*2*
52Ljt
this time of the year have at times given a firmer tone to the
AmstM’m, steam.c.
Do
sail...d.
market. Latterly, however, there has been a noticeable dis¬
;
3s*
•*8*
38<r
Maltio, steam—d.
position to sell, and the market both here and at Chicago has
Do
sail
c.
been
weak and unsettled. Operators -during the last few days
J
Barcelona, steam, c. I31«@V 13jr5@ V 1316® V 1316® V I3i*®V
*4*
34*
V
have been disposed to pursue a rather cautious policy until It
Genoa, steam ...d.
Compressed.
f Per 100 lbs.
is more definitely known whether or not the cold weather has
Liverpool.—By cable from Liverpool, we have the following done any serious damage to the crop. In some of the winterstatement of the week’s sales, stocks, &c., at that port. We
wheat sections the temperature has been down nearly to zero
*dd previous weeks for comparison.
at times during the week, and it is averred that no little damage
Hr h. 2
Men. 9. Mch. 16. Mch, 22. has been done; while it is also claimed that the acreage in
52 006 i ,006
41,500
4-3,500 Kansas shows some decrease compared with last year.
t&les of tlio Vr'eck
bales.
To-day
4.6 OS'
5,500
Of vvliicli exporters took
5,300
5,800 the market was ijc. tolc.
higher,
advance
at the
owing
to
an
1.870
2,600
4,300
3,500
Of which speculators took..
45,000
30,000
38,000
Sales American
28,000 West-; No. 2 red sold at $1 18/is(gl 10]■£ for April, $1 20J4©
6,500
7,800
Actual export
13,500
5,700
2 2,500
31,500
27,000
Forwarded
17,500 1 2\.ys for May, $1 21 Jrp<771 22 for June, and $1 19(9)1 19^2 f°r
931.000
920.000
965,000
968,009
Total stock -Estimated
July.
The cold weather at the. Wtsfc caused considerable
653,009
692,000
668,000
Of which American EstimM
701,000
37,000
G
79.000
9,000 covering of contracts both here and at Chicago to-day ; the
81,000
Total iicnert of the week
62,000
44,500
52,000
Of whic.'i American
26,500
290,000] 369.00<. j 331,000 closing prices he e are £*l 1S% for No. 2 red for March, $11934
Azaouot afloc.t,
i
2 18.
Of which Armro'-tn
i 201 00f| 220.0091 .27(.;,OOo)
for Aprii, ?! 21
for May and ?1 22/4 for June.
had been done
•
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
•
•
•
....
....
•
O
*
•
..
.
•
‘
•
*
|
.
—
—
—'
„
*
y
V
mainly owing to the decline
in wheat. The foreign demand has not been brisk and the specu¬
lation has not gone beyond moderate limits. Wall Street
operators have, it is said, sustained the Chicago market at
times, and the effect was noticeable in a somewhat firmer tone
here, but it proved only momentary. Rumors that corn in
some of the Chicago elevators was becoming heated have either
Indian com
has declined 3 to 4c.,
be authenticated. To-day the
could
not
proven unfounded or
market here was irregular, opening
recovering the decline ; No. 2 mixed
to lc. lower, but later
sold at 66i&c. for March,
C6%c. for April and 67?£.c. for May.
Kye and barley have been quiet,
for April,
further decline ; No. 2 mixed sold at 50^@50%c.
for May and 5034@51%c. for June.
The following are closing quotations :
City shipping extras. $5 25 ® 5 65
$2 70® 3 25
bbl.
Buperttne
Bpring wheat extras..
do bakers’
Wis. & Minn, rye mix.
Minn, clear and stra’t
Winter shipp’g extras.
Patents, spring
Patents, winter
Southern bakers' and
3
3
5
G
GO
95
50
00
5 50
7 00
2 75 ®
3 60®
4 Oo@
5 00®
5 00 ®
4 50®
3 90®
G 00®
5 50®
family brands
South’ll skip’g extrr.s.
Rye flour, supertine..
Corn meal—
Western, &c
4 25
Brandywine, Asc
7 75 • Buckw’t flour.lOOlbs.
5 75®
4 75®
3 00®
7 00
5 75
3 75
3 00®
3 (50®
2 75®
3 55
3 65
2 90
*
7 25
GRAIN.
Flour,
Wheat,
obis.
bush.
352.000
124,558
90
1 12
103
Bpring.per bush.
Spring No. 2
Red winter
Red winter, No. 2
White
White No. 1
State & Canada.
Oats—
Mixed
@1 28
@1 14
@120
White
119qs 120^4
Com—West, mixed
West. mix. No. 2.
White
Yellow'
@
6G
@
@
@
70
70
70
@
73
Buckwheat
No. 2 mixed.
@1 25
1 03
110
55
fcG
68
68
51 ^
55
G7q
50
53
...
No. 2 white
Barley—
Canada No. 1...
Canada bright..
Canada No. 2...
State, 4-rowed..
@11214
State. 2-rowed..
9
®
50i4
5314
Wheat.
Flour.
[
Oats.
Corn.
*205,764
118,050
1,500
28.342
8,500
4,397
352,300
471,220
62,900
65,850
20,257
200,33 2
562,995
48,165
Total week... 291,206 1,130,533
Cor. week’82.. 222,733
317,653
2,492,436
309,817
Philadelphia...
37,722
Baltimore
New Orleans...
Milwaukee..
Toledo
Detroit
Cleveland....
6t. Louis
184,278j
70,752
57,102
1.013
4.801
2,480
40,521
1,395
Chicago
97
95
88
—
Peoria
Duluth
165,918j
101,8Sl'
jj
182,779
32,89
Tot. wk. ’83
179,033
113,191
Same wk. ’81
210,520
941,154
310,020
919,723
179,285
142,780
1,800
10,990
17,804
7,700
127,233
35,000
.
1,009,840
423,300
3,250
15,044 *
......
Same wk. ’82
20,810
211,589
101,708
198,709.
30,089
7,995
75,323
21,ICO
208,550
years:
Wheat
C >ru
O its
0,024,933
01,9:9,298
59,747,832
1881
5,300,917
32,500,953j
78,542,199
1880
5,498,438
00.812,2781 70.887,950
1881-82.'
1,707,327
1882-83.
Wheat
2,310,226
bush.
4.777,795
Com
Cars
19,776,799
8,378.095
3,954.611
14 771,713
6,453,072
225,614
39,264.356
21,151,567
life
g.-ain
....
Exports
from —
Total grain
Below
....
are
Bbls.
86.801
27,688
3,871
632,166
2,8 25
65,579
25,026
4,734
90,434
185,024
192,89 J
231.815
712.744
Corn...,
Oats
Exports
for week
to—
3.317,008
10,566, 916
5,519,673
15,405.861
2,s65,351
Barley
29,319
3.231,191
2,079,312
315.858
Rye
Total
Week
Mar. 19.
113,151
99,392
367,920
1,625,608
409,260
70,207
932.678
2,234.687
70,337
354,4 39
73.61 1
39,132
2,519,102
3,694,550
The rail and lake shipments from same ports
weeks
1680.
Week
Mar. 21
1881.
for last four
were:
Week
Flour,
end in a—
Obis,
Mar. 17... 15?:. 2 21
Mar. 10... 220,4 63
Mar.
3... .210,236
Feb. 21.. .1" -.030
4w’ks 82
Wheat,
bush.
470,227
bttsh.
bush.
1. 764,271 1,070,96 1
-
357,607
71;,O'. 5
1.750,905
536,005
1,274,174
l>
,180,072
i ,312,146
Burley,
hush.
31.053
349.9 46
314.726
51,142
821.317
831,761
300,211
25.631
96,0 68
for th<
Bush.
1883.
1882.
Week,
Week.
Mar. 17.
Week,
Mar. 17.
Mar. 18.
Bbls.
Bbls.
Un.King.
83.640
Contin’nt
S.& C.Am
W. Indies
Brit. Col’s
Otb.c’nt’s
4,650
8.018
16,544
Total...
117.495
Bush.
74 9.703
97,072
10.436
21,398
14,153
3,599
2,827
1,786
367,445
375
2,000
1882.
Week,
Mar. 18.
Bush.
267,186 1,763,497
435.787
504,397
1,0 47
8,6 42
2,000
11,733
501,409
91.913
7,807
18,794
10.931
1,080
1,314
774.630 2,220,739
632,168
874
147,582 1,119.523
By adding this week’s movement to our previous totals we
of exports since September 1, thisf
1882-83.
1881-82.
1882-83.
1881-82.
1882-83.
1881-82.
Sept. 1 to^
Sept. 1 to
Sept. 1 to
Sept. 1 to
Sept. 1 to
Mar. 4.7.
Mar. 18.
Mar. 17.
Mar. 18.
Mar. 17.
Mar. 18.
Bbls.
Bbls.
Bush.
Bush.
Bush.
21,581,401
8,508,937
5,050
21,700
14,803,804
2,224,478
S. &C. Am...
Total
Corn.
Wheat.
Sept. 1 to
4,020,503
371,032
411,502
20,257.170
202,410
200,2(38
47 235,700
30,388,103
20,034,008
80,178
44,528
170,351
257,170
03,-06
85,274
7,800
Bush.
10.309,377
4,075,059
293.152
382.00*1
03,438
41,216
supply of grain, comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Mar. 17, 1883, was as
The visible
at the
follows:
Wheat,
Corn,
Oats,
Barley,
Rye,
bush.
hush.
bush.
bush.
bush.
915,6 18
165,000
592,905
90,000
40,534
75,009
762,506
110.090
29,199
108.000
86.090
250.723
158,588
270,000
100,000
22,848
Chicago
5.967,421
5,425,915 1 ,535,409
146,695
772,724
Do. afloat
Milwaukee
313,000
1,221.927
In store at—
New York
Do. afloat (est.)
5,541,154
28,000
Albany
Buffalo
...
1,277,644
2,770,289
1,452,083
-
217,000
102,000
44,229
1,862
2S1.010
87,105
653,060
130.329
44 018
8,861
75,000
30.000
2.009
5,456
12,019
71,592
52.294
9,413
101,425
Toronto
533,249
1.161
297,750
3,187
140,726
73,051
Boston
1,875.191
117,120
78.404
2,400
82,927
Cincinnati
737,192
66,323
Montreal
215.202
648.066
4.501
35 4,300
200.098
92,816
35,109
24.497
196.413
38,409
3,879
149,476
19,901
210
27,267
432,506
46,319
Oswego
St. Louis
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
Down Mississippi.
On rail
....
Tot.
Tot.
Tot.
Tot.
Tot.
Tot.
Mar. 17, ’83.
Mar. 10. '83.
.Mar.
3, ’83.
Fob. 21,’83.
Feb. 17. ’.83.
Mar. 16, ’32.
The
8, ,096.842 3,790.2 9 1,280,743 204.1 17
31,010,15 L 1.507,230
333,400 145,090
The receipts of flour and grain at the seaboard ports
v’eek ended March.17 follow:
Rue.
bush.
315,35 S
507,453 1,0 1 5,693
537,274
385,707
Oats,
Corn,
Bush.
1882.
Week,
3,008,047
3,467,635
Mar. 18.
1883.
Week,
Mar. 17.
1883.'
5.082.730
968,610
553,989
85,499
40,789
We add the
Corn.
Wheat.
Flour.
321,31?
25,033
1879-80.
1,019.779
774.630
Brit. Col’nies
1880-81.
379,256
530,772
The destination of these exports is as below.
corresponding period of last year for comparison:
ports for four years:
306,896
1,533,495
1,045,623
57,039
Oth. countr’s
shipments from Western lake and river
hush.
Bush.
2,881,741
22,790.961
Wheat..
Bush.
10,274,532
21,177,071
152,221
Bush.
10,470,536
27,073,884
bbls.
Bush.
735,160
532,422
36,199,378
Floor
Bush.
502,209
53,446
43,729
West Indies.
807,426
395,316
Meek
Mar. 17.
Peas.
5,323
147.582
..
Rye.
2,527
Montreal.
Philadel..
Baltim’re
N.Orl’ns
1882.
Oats.
117,495 1.119,523 2,220,739
72
Portland.
Total w’k.
S’me time
ending
3,871
20,565
Continent...
1,762,369
1882.
Week
Mar. 18.
14 d , t> 5 o
37,512,180
27,688
..
40,905
536,572
1883.
32,358.062
2,527
New York
Boston.
Un. Kingdom
1,356.875
the rail
3.821,432
1,133,212
223,858
Corn.
Wheat.
Flour.
39,930
1,301,224
593,234
3,104,327
Rye
1,183,394
385,810
The exports from the several seaboard ports for week
Mar. 17, 1883, are shown in the annexed statement:
4,379
18,900
462,362
Barley
8,090.203
24,213,473
4.665,633
1,3 49,777
122,310
Evports since
Sept. 1, to—
comparative shipments of flour and grain from the
same pons from l)ec. 25, 1882, to Mar. 17, 1883, inclusive, for
four years, show as follows:
bbls.
15,674,531
4,722,370
4,866.696
1,145,593
.
have the following statement
season and last season.
The
flour
10,391.957
8.550.942
11.578.218
21.448.675
115,859
12,929,323
34,10-1,355
23,920,530
27,400,457
6.462,885
bush.
Birley
1879-80.
1880-81.
1.962.728
2,584,163
72,903
17,910
1,702
SinceAug.l—
1882
22,982
10,145
2,343,122
3,417.314
3,368,455
3,250,423
004,838
1.000
3,214
662,165 169,535
379,112 99,325
1881-82.
1882-83.
bbls.
1,878,041
131,854
308,110
382,831
275,704
22,340
597,905
3,400
21,000
receipts at the same ports for the period from
Mir. 17, 1883, compare as foilovv3 for four
The total
Flour.
458,325
109,532
129,537
1,242,130
3,262,391
844,785
1,944,621
Rue.
BushA8lbs\Bush.5ttlbs
715,229
94,570
1,401,084
9,575
85k.
16,668
2,100
Dec. 25, 1882, to
@1 06
@
@
@
Barley.
Bbls.imbs Bush.60 lbs Bush.SQ lbs Bush.32 lbs
bush.
365,700 105.560
bush.
bush.
827,260
*1 02
1 01
1 05
96
88
85
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 tne week ending Mar. 17 and since Aug. 1 for
€>ach of the last three years:
Receipts at—
Barley,
Oats,
Corn,
48.729
31,300
73.800
345,740
68,432
575
11.320
.
74
77
Rye—Western
Wheat—
.
78,632
Portland
Montreal
Total
FLOUR.
No. 2 spring...$
No. 2 winter
At—
New York
Boston
Flour
and the former rather
depressed. Oats have been moderately active at a decline,
mainly owing to a weak market in Chicago. To-day there was
A
817
THE CHRONICLE.
24, 18£8.]
March
1,105.518
163,33 L
426.700
5.616
897.914
488.89 4
79,600
430.754
850,826
232,776
10,578
102,933
65,000
50,819
754
19
105.579
15.600
1.73 1
25,339
2,186,223 1,372,011
23,966.929 1-1,921.889 4.571.221
23,626.395 14,159,038 4.302,937
23.332.271 13,645,641 4,19 1.41 1
22,509,91 l 11,528.953 1,165.220
21.974.106 10,140.170 4.098.420
13,415,921 11,812.896 1.900,3 )i
1,891,011 1,871,612
1,9-7,508 1,871.8:3
1,916,132 1.832,070
1.556.859 1.6 47,163
1,809.507 1.600,429
1 602,106 1,073,752
following statement, prepared by the Bureau of Statis¬
tics, will show the exports of domestic breadstuffs from the
undermentioned customs districts, during the month of Feb.,
1883, and for the eight months- ended the same, as compared
with the
corresponding months of the previous year:
3 1-8
THE
CHRONICLE
I Vol. Xiivi
steadily held at unchanged prices. The marked prefer¬
lately accorded to the best makes of goods has caused
some manufacturers to
change their production, and the supply
of low grade cotton and woolen fabrics is
steadily being cur¬
are
ence
tailed.
Domestic Cotton Goods.—1 he exports of cotton
goods for the
week were 3,9f)7 packages, including 1,932 to British East
Indies, 751 to China, 324 to Great Britain, 241 to Brazil, 124 to
I
fay ti, 122 to Venezuela, &t*., making the total shipments for
expired portion of the year 30,021 packages, against 27,648
the
for the
same
business
was
time in 1882.
the
The
main
feature
of
the week’s
activity of the jobbing trade, large aggregate
made (in package
sales of all seasonable fabrics having been
and assorted lots) by the principal jobbers.
demand
chiefly of
was
At first hands the
moderate character, and the best
a
brands of brown, bleached and colored cottons were
relatively
active than the lower qualities. Prices of staple cottons
more
are
without quotable change, and generally
steady. Printcloths were in moderate demand and
fractionally lower; prints
continued active with jobbers, and there was a fair call for du¬
plicate parcels of leading makes at first hands. Ginghams con¬
large sales of certain makes were made
by jobbers at relatively low* iigures.
Domestic Woolen Goods.—There was only a moderate de¬
mand for clothing woolens by buyers on the
spot, but some
very fair orders were obtained tlirpugh the medium of travel¬
ing salesmen, and agents continued to make steady deliveries
tinued unsettled, and
oil account of back orders.
Medium all-wool cashmeres and
choice cotton-warp cassiraeres were in fair
request, but fine
suitings
trilie slow. Worsted coatings met with moder¬
leading makes are closely sold up by agents.
Cloakings were mostly quiet, but Jersey cloths continued in
good demand, light supply and firm. Fine satinets were in
fair request, but other grades ruled
quiet, and there was a very
light business in Kentucky jeans and doeskins. Flannels and
ate
were a
sales, and
blankets
dull (as usual at this stage of the season) and
in irregular demand at first hands. Wool and
worsted dress goods wTere jobbed in liberal quantities, and there
was a steady call for small
re-assortments by package buyers.
carpets
were
were
Foreign Dry Goods.—The demand at first hands has shown
irregularity, and while a ver}r fair business was done in
specialties, the general movement has barely realized ex¬
pectations. The jobbing trade was of goud aggregate propor¬
tions, dress goods, silks, tiimming velvets, ribbons, cotton
“wash” fabrics, printed sateens, &c., having been in
noticeably
good demand by retailers. Swiss and Hamburg embroideries,
laces and white goods were in moderate
request, but linen
goods were somewhat quiet, as were hosiery and fabric gloves,
some
few
a
and men’s-wear woolens
slow of sale.
were
Importations of Dry Cloods.
The importations of dry goods at this port for th * week
ending March 22. 1833. and since January 1, and the same facts
for the corresponding periods of 1882. are as follows:
j
Em’d
ft
Total
‘.eiiruary, 1883, heinous follows:
tor
Jv.irlov--
Mihraukcc.
-
Xtw
Jhtrtit.
I’ort-
land.
Hickviond.
Villa
York-
X*
untie.
town.
O
Hu.-lula..
'Oj
Value..$
It*iiian coru—
Hush els..
W.lue
.$
lr
n corn meal—
ire Is.
ft
1
.
.
Va’ue
.
X
1,825
7,3411
,
......
-I
1
—...
'
«
(0
r.’dieih
V.due
.$
toremisup.
—
c
i
-
r-
1
A
!
iiye—
I
&ESrg££.i
:
5
!
•
£
00
f;
;
;
•
1
•
;
J
,
J c-00 !
,
.
,
.
ii
•
«
•
•
1
•
j"
£
•
a
n
r*
•
i:
co
Cl M
© m
to*-
© co co c*. x
ic
*—
i c. x c:
-
bi;
X o:
0*10
•
‘
.
.
.
.
3,0 77
8,000
45, i 00
17,153
108,570
57.503
281,053
*!..
’S3..*8
;V!5.,
\S2.$
X
c*oo
e-
oo
-a-
11,100
tXV Ov!
values—
i
’•’t
7* 7
8v
11,313
45.100
0,000
240.51 (5
370,010
y.
OZ
o:
108.570
114,080
511,320
00,000
702,205
50,532
30,0-jG
850,238 3 181.130
■JOo, 742 1,273,0 01 5 00 ?,D22
182,000
800,781
»- M —
-i
c- ci
o
-1
cim
^1 — 10 CO X
o ►-
117 51 111 ^1
r*
to oo
l.$
^>84...$
1
!
ZC ^ C
-1 co C; O —
C -1 CO -1 rf-
b*7-i
oj
X
tz
<-*
—
-
•
■*
•
•
•
•
i
i
i
i
i
c
i
c
>
J
iK
.
^
s
rc
®
^
•#
Mill
•
•
>
CO
Cj
to
*— to co
co c. »*- o —
*to
o»
o.hiccc:
1
1
o ^
*->
x o;
O' Cl
Cl -1 CO O ' CO
Cl CO -1 o«x
1
CO O
Cl -1
1 .4-10
r
w
^
8* C* b
x
O 07
CO -i c; x-
c. c
4- O
-1
0;»
»—»
-1 o:
*
o: x>
*
T
't
33
]
OC
55
•
•
•
o
•
•
•
H
t
•
i
•
•
•
1
•
c
I
*r
L
f*
1
PC
^
-
to
1
Cl CO CIO* *-*
1
C O X CO o
!'
2
so
Jv
wl
O *•
C".
co •-* e- co
-4 CO O'*
**
1
—J
»-j
•
•
r.
2
S
•
i
to to c; or o:
oo c. a* oo co
- ) O* -4^/.
X
w
rr*
«
CO
1
>
D
V
to r co -? oo
M1M-H
-1 X n- -X 10
-J
!b
^
.
X
S
JO
e-
C Cl
1- M I-* r-'
cib
C 4to 10
-ICO O'—X
CO — CO OO 0*
0* cox CO o
7-toe
tox
-11— «-* CO —
—*
-•o
—
to
c. c
e*
THE
DRY
GOODS
TRADE.
Ju
*
Friday, P. M.. March 23,
Tl
jobbing trade has progressed favorably the past week,
fair business was done by domestic commission mer; and importers, in spite of the stringency of the
money
••
cbaui
•r i-
1S83.
i ot, which tended to
n
-
y
F-
—
C.T
--4
oo
o: tc *-< to m
1
C 10 OO OO it*
j
» OO /. i»- M
o* ci -j ie co
e
was a
i
v
1 %
m
cc x to
to c; o. x x
CO CO
tO-1
P5
i
'
y
r*
c.
X X
X
-1
a,
—*
(X
© -1
00 w’t 10 to CO
co c — c: co
X to it- y- CO
~
-1-1
t: • i
c
2
7T
Y
w
£
oc
^
H
**
—
i
-
o; iv
K
I
ic
1 O'- J
o
to It-CO-171
C7
Cl
-icex at
t- X C. CO Cl
C o *'l 0* to
i
0
o7“ b'kobLix.
-lot
to
Ti
1—*
ft
>
2
05
to
*
-1 c r/> -i nj
X; - t o* jc 0*
cl
p
3
c.
X
t o O'*
-1 0- tc 0- Cl
-I
COX
to -1 -j
CO
to
CO 0- 0’ C.
>—
COO
►—*
C-
X X
']
n8
*—*
10
vJC-1" w«
o. ►- -J o to
co
cx
X CO X* Cl X
e->
-i-i
t; to
C. Cl x X -1
Cl - 0* C -4
►—
p
2
CO
to
-1
K
y
to
Uj
M
v rc
-1 o f XX
>— oo to — CO
cO' co- e-1- ci
to
*
i
C'
!c
MOO*-0*00
•X
-4
o
•-!
1
*
w-
M
4 X MIC Cl
O'l 01 CO —* X -h
x
OO -4 <1 — —‘
CO
•
“
m :>••«— to -1
>
5
y
-
C Cl M o ot
i.
>
2
a
>.
1
1
M
M
X
a
ft
restrict operations to some extent,
large representation of retailers in the city, and
ihtui purchases of spring and summer fabrics were conducted
with a lair degree of liberality, while staple goods were taken
rvo y and in good-sized parcels.
Some large lots of fancy caseimeres and ginghams were offered through the medium of the
ombm rooms without affecting the general market, and nearly
Vo domestic and foreign fabrics of a stiic 1 desirable character
'em*’
IZ
o
! >
1
oo
o* r.
co
y^
Tjf'
o'Q
•
—
V~*
!
X
c*
£
1
^
1
*'
b
-
•
'
•
M<~»
I
:
i
;12
x
CO
7>
I
:
j
4-
w
•
X
i
C/w
co
to
C-
O* T. Or: X CO
X
zz
if®
•
$:
O •
.
co o* o; co
H-y c
H
1
o> xx ic x
>-*
i
•
03 •
*
,
*—*
^
1
1
Hour—
els
\ iiisc
si
to
<
e- c
•
IO
|
*
•
•
.
JS
to 4O' 0*
to
—4
C Cl
"
*•
©
c ^x:o ^o
•y % r" rt c ~
Total
f: i £; §2 !
tO
|
►W
230,181)
l^lll
v
c.e*
,
o 1
CO
O*
Total
: «*.
-J 1
Z,t
rr
lio'x b cCOrf-lCXCO
10
a,
bI
S'' ^ 2 O g si
i *
-
Husliels
Value
.*
WheatJlii-.hel.s
Via-
;
lx
c- -1 cc 'O cc
i—*
jv
i
kr
; x
C 1C M
w-
!
I
1
i
Cl M
!
forcnsuipt.
i **
•
•
O'Ci
Kut’d
—
; 5
!ii
10
2-io
128
tr
r>
1
1
4ir.< luded in the. foreiioimr totals are the reports from Milwaukee,
?v*\v Haven, Portland, hiehmoml, Willamette and Yorktown, the details
1 ei
! 5
'
£3
cc
c
X Ol
Ci OO I
lO
M
-J
1
1
O
j
m
i
!
-
‘
05
Cl o
-4 X to Cl OT
to
-ICO
-1 CO M
1 rf— X- X to
-i
X to o* c. to
co
CO
o*
to
to to to
Cl
CO
be-
—
cj co
j <b co
oc
ICj
X Cl
1
to
ci i
X
CO CO
-ICO 1
1
M
w
jI
10
co o. oo o.-1
w
m
j
1
“S
J
04
;
co to
CjO
*
toG b b
oi co e- co o«
CO CO
-1 Cl
I
x oo co -e oo
e- x —- - 4
Cl 0- -1 Jj to
--
1
1
Cl CO
CO o
Cl
oo
1
-4
1
i
X CO OO I-* oc
1C X O- oo -*
to X IOC Cl
c
CO
CO to to
-1 X
c».
w
'loecco
^
•CO 0*
wi
X "X -1
X
ox
0-101000
1
1
Cl
r-*
j
"1
to
o*
—
tOV-MtOM
00-1 — C 05
^
X O' (0 -1 oo
Cl O* — 0. O'
r/jX- i-l-l
Cc
w
1 COlii-*-G.
OO
CO
o
b
!
i— m
CO
p
f-bolobob
o: to ci ci o
f- <4 to 05 Cl
j
j
1
toco<i-ic;
w a to
!
1
j
M to to
-J 1
0-
■
X
to
1
-4
g tc to -jy
la-to c j-
H
2
C5
c
>
0
M
•
M
p
X
X
*
X
<X
to
@FedFRASER