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HUNT’S
MERCHANTS’
MAGAZINE,
IjUwispaiJe*,
$
COMMERCIAL, INTERESTS OF THE UNITED STATES.
{Entered, according to act of Congress, in the year 1882, by Wm. B. Dana & Co., in the office of the Librarian o Congress, Washingto
REPRESENTING THE INDUSTRIAL AND
**
C
NO. 874.
SATURDAY, MARCH 25, 1882.
VOL. 34.
one
CONTENTS.
locomotive works where contracts for 19
have been
THE
CHFONrCLE.
327 How the United States “Lets
Go” Chili
locomotives
recalled, while it is stated also that large orders
England
have been countermanded; hence it cannot be long before
Monetary
and
Commercial
English News
332 this check will have a marked effect
upon our imports,
Commercial and Miscellaneous
News
336
Emperor William’s Birthday
rectifying our foreign trade. Add to all this the fact that
and Peace Prospects
331
GAZETTE.
THE BANKERS
the business of the country is still satisfactory and
notations of Stocks and Bonds 339
Money Market, Foreign Ex¬
York Local Securities
340 extremely promising; that railroad earnings
change, U.S. Securities, State
are large in
Railroad Earnings and Bank
Bonds and
and Railroad
Returns
341
8tocka
337
spite of the small remnant of old crops left for movement;
Investments, and State, City
Range in Prices at the N. Y.
that
all railroad wars and differences are ended and peace
and Corporation Finances... 342
£toek Exchange
338
The
Financial Situation
Baltimore’s Claim for Differ¬
ential Rates
329
The Government and the Mis¬
sissippi Levees
330
for
steel
and
other
railroad material sent to
332
ew
THE
COMMERCIAL TIMES.
the prospects for the
crops are highly encouraging;—add these facts to the
foregoing, and we would seem to have surroundings
Ctemiclc.
forming the best possible basis for hope and buoyancy.
The Commercial and Financial Chronicle is issued every Satur¬
And yet there is a kind of distrust born of the events
day morning, with the latest news up to midnight of Friday.
of the last few months, which is not wholly removed.
It
| Entered at the Post Office, New York, N. Y., as second-class mail matter.J
has been proved that a very few men—you can count
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
them on the fingers of one hand—carry in their boxes
For One Year (including postage)
$10 20.
346 I Breadstufis
| Dry Goods
Commercial Epitome
346
Cotton
For Six Months
Annual subscription
8ixmos.
do
352
353
6 10.
do
in London (including postage)
£2 7s.
1 8s.
Subscriptions will be continued until ordered stopped by a written
order, or at the publication office. The Publishers cannot be responsible
Tor Remittances unless made by Drafts or Post-Office Monev Orders.
A neat file cover is furnished at 50 cents; postage on the same is 18
do
do
guaranteed by a large deposit; that
new
sufficient certificates and in
their hearts the disposition to
the street when they can make money in doing so;
now when they are
standing under (as report goes)
swamp
and
properties, it is impossible for each dealer not to
ask himself whether they may not be doing it for the pur¬
Liverpool Office.
The office of the Chronicle m Liverpool is at No. 5 Brown’s Build¬
pose of dropping their load into his lap.
Each day of the
ings, where Subscriptions and advertisements will be taken at the
regular rates, and single copies of the paper supplied at Is. each.
shown
week, however, the market has
strength, and the
WILLIAMDANA. )
WILLIAM B. DANA & OO., Publishers,
JOHN 0. FLOYD.
advance has been rapid.
j
79 & 81 William Street, NEW YORK.
The speculators for a decline,
Post Office Box 958.
who were caught, have not remained passive.
On the
contrary, they have to the best of their ability resisted the
TJIE FINANCIAL SITUATION.
The past week has been a very satisfactory one. rise; but the reason why they have not been generally
Instead of the despondency with regard to stock values successful is that their ranks have been thinned by deser¬
which so lately prevailed, there has been buoyancy; tions; they have lost not only numbers, but have been aban¬
instead of disparaging -.reports, we have had a full supply doned by some of their strongest and most skillful leaders.
of promising rumors.
No one thinks now of wrecks and Consequently, where two weeks ago there was a powerful
cents.
their
own
Volumes bound for subscribers at $1 00.
B.
ruin, but there is a growing belief in soon realizing that army apparently bent upon destruction, there is now a
mere rabble .pursuing a sort of guerrilla warfare upon
hope deferred which has so long made the heart sick. The
truth is, if we are to accept what is floating in the air, it temporarily unprotected portions of the victorious host.
Outside speculators who stood aloof when prices were
will not be long before all Eastern and Western and
Southern roads will be amalgamated, and everything will falling, being afraid to buy, have many of them since the
he made to pay 10 per cent!
But separating fact from
movement turned
upward ventured in and thus
aided in
general improvement. Those stocks which have risen
most sharply are the Southwestern, in which the short
interest was large and consequently the cliques had lit¬
tle difficulty in carrying them upward by adroit manipu¬
lation.
It is probable that the short interest has in this
way been well covered during the week.
Indeed, the
loan market shows that there is a lighter borrowing de¬
mand for stocks, and other evidence indicates that some
of the most prominent of the late speculators for a de¬
cline have closed out their short contracts, and are now
per cent.
Then again that extravagance in railroad
building which was so apparent among us a few weeks waiting for and seizing every opportunity to renew their
In fact, they made quite a vigorous attack
since has been decidedly checked. W e hear this week of operations.
fiction there is one circum¬
stance that must be admitted; and that is that if our Wall
street markets were depending wholly upon favorable
business conditions, not many happier moments than
the present could be found.
In the first place money
is in abundant supply at
this centre, while in
Europe there is such a plethora of loanable funds that
during the week the Bank of France has dropped its dis¬
count rate to 3^ per cent and the Bank of England to 3
the
328
THE
CHliONICLE.
[V'OL. XXXIV.
yesterday, and at one time it looked as if they had secured enlarged if an organization such as that above referred to
point, but the close showed a recovery, some prices would take the trouble to exact from the managers of
being the highest of the week.
corporations information and detailed reports which is
As wo have said above, the week has differed from now somewhat
grudgingly given to the public through tho
those of a period not long back, in the nature of the press.
Some railroad managers act a3 if not' even stock¬
rumors and
developments respecting stocks which have holders had rights which they were bound to respect.
been afloat on the street.
Probably no stock has
Money is still in good supply and yet the market.shows
fared better in thi3 respect than Western Union.
a healthful
First,
hardening of rates although no more than legal
we had the favorable announcement
of the fine progress interest has been paid on call loans.
The increased de¬
made in laying the second cable, and the superior working mand is in good part due to the
closing out of the short
of the first.
Next came the news that that old irritating, interest in the stock market.'
No gold has been sent to
festering sore had been healed, wfliich Mr. Gould and Mr. Europe this week, and the domestic exchanges continue in
Garrett between them have so long kept in a state of favor of this centre at all
points, except Boston. The
active inflammation; that is to say, an arrangement has Treasury operations, which include the
receipt of §6,000,been made by which the telegraph system of the Baltimore 000 gold from the
Philadelphia Mint, have resulted in a
& Ohio has at length been merged into the Western loss, which is a
gain to the banks, of $132,620 2S. The
Union, or at least is hereafter to be operated in harmony following shows the extent of the interior movement.
with it.
Then, again, on Wednesday, the story was cur¬
rent that the Western Union managers had secured con¬
Receipts at and Shipments from N. Y.
Received.
Shipped.
trol of the Mutual Union lines, and although the story
Currency
$1,505,000
$748,000
Gold....
was denied, it is more than
90,000
126,000
likely that there may be some
Total
foundation for the report that negotiations
$1,655,000
$874,000
Jo that end are
a
'
,.
in progress.
This would
The Bank of America received
to be
enough of rumor and fact for one
stock to stir up in a week; but still it was not the whole,
for finally it was hinted that very possibly there may be
seem
another stock dividend before the close of the year to
be
the patient and faithful Western Union
distributed among
stockholders !
The facts recited above
the seed of the
are
claimed to be
stock dividend !
To
prudent investors there is"one annoying cirumstance
respecting the future of any
company, and that is that annual reports are withheld long
beyond the time at which they are due, and even some
monthly statements which have been freely and promptly
given are now very tardy in making their appearance.
connected with statements
The natural inference is that it is unfavorable
news
that is
being concealed, and that the truth may not bo told until
speculators who are in have an opportunity of getting
the
out.
The leaders in the market
tive officers in
are
interested
as
execu¬
variety of properties. If they desire the
co-operation of the public in their efforts to sustain and
advance' prices, they must take the puolic into their confidence so far at least as to furnish facts regarding their
properties. Unless this is done, disparaging reports gain
currency, and the faith of the public in the general statements made is shaken.
The cable brings the news
of the
formation of tho
“ United
States Railway
Share Trust Company,” in London, the object, as stated,
being to purchase American stocks which have a sub¬
stantial character.
In view of the fact that Europeans
have, within the past two years, been disappointed
with
some
of
on
$500,000 gold during
banks, and paid out $200,000
their account.
The bank statement of last
Saturday was again made
up on rising averages for specie.
Taking into considera¬
tion this fact, the
following will give an indication of this
week’s bank return.
“watermelon” which has been
planted.
Careful search may reveal the presence of the vine in the
new
system of keeping the accounts of the company
inaugurated at the commencement of the current quarter.
The completed cables and the absorption of the Mutual
Union might be the fruit now no bigger than your thumb,
but soon to swell into handsome proportions, all ready to
be cut.
And then what a scrambling for Western Union
stock we shall see when it carries the privilege of another
new
the week for the associated
In to Banks.
Sub-Treasury operations, net...
Total
investments
in
American
rail¬
$
Net Gain.
1,655,000
874,000
$132,620
781,000
$1,787,620
$874,000
$913,620
Interior movement
Foreign exchange is quiet but firm. Scarcely any, or
comparatively few, commercial bills are offering.
Some bankers’ bills are being drawn against
outgoing
securities, but these appear to be quickly absorbed by the
demand to remit for stockspxr goods imported.
Early
yesterday there was some talk of exporting gold by to-day’s
steamers, but later the indications were that none would
be shipped.
The rates were advanced on Monday, and
the rate for long sterling was moved upward on Thurs¬
day, the latter in consequence of the reduction of the Bank
of England rate of discount.
The following will show
the margin of profit in transactions by cable between
London and New York, the table
exhibiting relative
prices at the opening each day.
at least
a
their
$132,620
Out of Banks
March 20.
Lond'n
N.Y.
March 21.
Londn N.Y.
Minch
Lond'n
22.
N.Y.
March 23.
Lond'n
N.Y.
MarJi 24.
Lond'n
N.Y.
prices.* prices. prices.* prices. prices* prices. prices.* prices. prices.* prices.
U.S.4s.c.
117 10
U.S.3&S
102-37
11710
118J4
11734
118)8
11710
118%
102-49
108
102 61
103
102-61
103
37-46
38
37-80
C5 25
0534
95-25
102-12
88 20
con.
05 74
95 U
05-74
130*4
132%
60%
137-35
13054
136-03
133-70
132%
138-79
Erie
2d
117-34
118J4
103J4
S8H
III. Cent.
130-74
N. Y. C..
18281
Heading
30 44 ‘
38-05
118J4
103.4
374
05
29-05+
59
137
132%
80-31t
00*4
37%
95%
3708
95-25
37)6
94%
13748
130%l
137-35
196
13379
133
133*55
182%
29-5S+
CO
30-191
60%
Exch’ge,
cables.
4-01
4-91
4-01
4-91
4-01
*
Expressed tn their New York equivalent.
Reading on basis of 150, par value.
Note.—The New York equivalent is based upon the
cable transfers, which ordinarily covers nearly aU
+
highest rate for
charges, such as
interest, insurance and commissions.
road
The Bank of England reports a gain of £789.000 bullion
properties there would seem to be an excellent field
for the operations of this company.
If it is organized in for the week, and an increase of 3^ per cent in the propor¬
From the week ended Novgood faith and not merely as a speculative venture, it will tion of reserve to liabilities.
have a good effect upon our market by attracting abroad,
16, when the outward movement from the Bank com.
for more or less permanent investment, properties which menced, to the week ended Feb.
1, when it ceased, the
are really first-class and
Bank
lost
worthy of confidence.
Many of
£1,908,632 bullion, and the proportion of re¬
these are now going out, but the list might be profitably serve to liabilities was reduced 94 per cent. From Feb. 1
M
&
THE
25,. 1882 J
March
CHRONICLE.
toTdste tj1Q Bank has gained £5,133,833 bullion and 14 9-16
per cent in the proportion of reserve to liabilities. Of this
increase in bullion £1,840,200 came from America, and
the remainder doubtless was returned from the Continent,
came in from the interior of Great Britain, and was paid
in by the Government.
The daily reports by cable show
that for the week the gains on balance have been £508,000.
529
one' with an ascent of 20 feet to the mile, which represent
the comparative difficulties encountered by the Baltimore
& Ohio and the New York Central
lines.
On
portions of their
on
part of the Pennsylvania the grades are even
heavier, reaching a maximum of 95 feet to the mile. We
all of us know how difficult ‘•'up-hill” work is, but Mr.
a
Walker states it very clearly in his report on behalf of
New York, where ho says that “ railway engineer
experts
“
calculate that in operating a railway, every foot of
difference of £281.000 to be accounted for
upon the supposition that it has come from interior sources.
The Bank of France shows an increase of 12,025,000 “gradients makes an additional cost in the operating
francs gold and of 4,175,000 francs silver; and the Bank “expenses compared with the cost of a water-level road
of Germany, since last report, has gained 5,980,000 marks. “equal to an additional mile of level road”—which shows
The following exhibits the amount of bullion in each of the that in point of equivalent distance New York and not
This leaves a
principal European banks this week and at the correspond¬
ing date last year.
Mat'ch
March 24,1831.
23, 18S2.
Gold.
Silver.
Gold.
St
Si
Si
,
Silver.
Si
23,961,220
Bank of France
Bank of Germany
—...
TotfdtWs week
Total
previous week.
..
28,119,380
3 4/107,7 G7 45,706,153 24,223,362 49,206,451
6,99-1,000 20,982,000 7,388,000 22,164,000
65,302,987 66,683,153 59,730,742 71,370,451
63.854,460 G5,813,227 58,327,745 70,973,844
gold and silver division of the stock of coin of the Bank
merely popular estimate, as the Bank icself gives no
that point.
The above
of Germany is
information on
payments by the Assay Office through the SubTreasury have amounted to $46,449. The receipts by
The
the Assistant Treasurer
been
as
from the Custom-House have
follows.
Consisting of—
Dale.
Duties.
Gold.
Mar. 17
23....
#276,663 62
456,046 93
613,766 76
871,243 11
731,729 9-1
776,938 96
Total...
$3,726,30 l 32
...
“
18....
“
20....
“
21....
“
23
"
...
The Government
$192,000
33
3,000
437,000
77. S.
Silver
Silver
Notes.
Dollars.
Certificates.
$14,000 $1,000
$71,000
11,000
22,000
36,000
131,000
1,0)0
63,000
3,000
155,000
143,000
182,000
98,000
$2,774,000 $177,000
$-1,000
$780,000
691,000
525,000
616,000
1,009
31,000
bond market has been
strong and
advancing, with a good investment demand, especially for
the 4 per cents.
The redemption of called bonds is now
confined to the Treasury at Washington.
Baltimore is
Chicago and other Western points.
This statement stands uncontradicted, and the arguments
based upon it unrefuted.
We do not forget that it is remarked that the Balti.
more & Ohio
gets its coal cheaper ; but has not the Cen¬
tral got four tracks, steel rails, a
splendid road-bed, and
excellent facilities in every way, which enable it to over¬
come, and more than overcome, this one element of
cheaper cost ? Aside from all this, however, in railroad
management a difference in distance or in cost on compet¬
itive through traffic is never allowed to enter into the
consideration. We could give very many illustrations.
Take the roads running from Chicago to Omaha, or from
Chicago to Kansas City, or from Chicago to St. Louie.
Between each of these places there are a number of roads,
all varying in length, but we have yet to learn that the
through rate is not the same on all. As Pool-Commis¬
sioner Fink says, it is a well-recognized principle that
the length of the competing routes does not regulate the
charge, and “the lowest through rates established by any
one competing route establishes the
through rates by all
others, regardless of distance.”
The other points advanced by Baltimore appear to U3
equally assailable. Indeed, she is not agreed herself as to
many of them.
Some of her citizens entertain ideas quite
at variance with one another.
While one gentleman
claims that to include the cost of ocean carriage, and so
adjust rates as to make the total charge from the West to
Europe the same on all the competing routes, would he
“unjust to the producers,” “unjust to the railroads,”
unjust to all the seaports south of New York,” an¬
other gentleman argues that this is precisely what should
be done, modestly claiming that Baltimore should have
nearer
“
“
“
BALTIMORE'S
CLAIM
LOR
DIFFERENTIAL
RATES.
The
Advisory Commission of the railroads,-sitting to
hear arguments on the question of differential rates, has
this week had presented to it Baltimore’s view of the mat¬
ter.
As
was
expected, her citizens lay great stress
upon
her supposed advantage over New York with respect to
distance from the great interior producing centres. That
she has this
advantage as to mere distance, no one denies.
The N ew York representatives before the
Commission
admitted it, but they endeavored to show, and in our
opinion did show, that it was not an actual advantage.
In view of this fact, it looks
very much like an exhibi¬
tion of weakness for
Baltimore to
emphasize
an
allowance for
for her
ance
one
so
element in the
importance.
is first because it is the
Baltimore claims that the heavy grades on the
Baltimore & Ohio, and the comparatively easy grades on
the Central, count for
very little against her, but then
that is only another
way of saying that she does not care
to argue
that point, for it is too clear to need demonstra¬
tion that there is
a
shorter and next
an
because it is the
longer route—and
for the
to cap the climax, “an equivalent
free-delivery system in New York.”
This before
commission
proposed by Mr. Vanderbilt !
Shades of
!
We were aware that we
were
living in a progressive age, and did the best we
could to keep abreast of it, but really this last proposition
is too much for us;—it is becoming only too apparent that
we are one or two geological periods behind the
time9,
and an obstruction in the pathway of progress, which
suggests hari-kari as the most effective process of remoyal.
The great producing interests of the West are rightfully
a
the dead Commodore upon us
matter
and Baltimore’s solicitude about
them is doubtless
Of course,
operating
distance,
allow¬
longer ocean voyage—notice that the demand
strongly
problem, and to ignore
other elements, to which New York has
repeatedly called attention, of equally great, if not greater, regarded in the
she does this
almost entirely
as
her shorter railroad
a
vast deal
road with
an
of difference in the cost of
ascent of 30 feet to the mile and
she
sincere; but here, as elsewhere, it is clear
occupies untenable and indefensible ground. Equal
rates
“
will tax the Western harvests ” for the benefit of
New
York, will entail upon the community at large
unnecessary charges for transportation, will coerce the
West to pay a tribute nolens volens, will deprive it of a
choice of markets, etc.,—these are some of the statementswhich
Baltimore merchants
have made before the Cora-
THE
330
CHRONICLE.
[Vou XXXIV.
Pray, how will equal rates tax the harvests and is about the same). At ail events, we may be sure that
•entail unnecessary charges ? Remember that New York the time is not far distant when differential rates will be
does not claim better rates but equal rates.
If the asser¬ altogether a thing of the past.
mission.
tion of Baltimore that her road incurs
a
smaller expense
carrying freight to the seaboard than do the New York THE GOVERNMENT AND THE MISSISSIPPI
LEVEES.
roads, be true, then the New York roads, in placing their
The great extent of the Mississippi overflow, and the
charges as low as that of the Baltimore & Ohio, enjoy a
proportionally smaller profit on their business, which, of loss and suffering it is entailing, have greatly increased
course, redounds to the advantage of the shipper and pro¬ public interest in the question of preventing such dis¬
Outside of the district directly affected, a propo¬
ducer.
Baltimore virtually says that the New York roads asters.
shall allow themselves a larger margin of profit than they sition for Congress to appropriate a considerable sum to
in
agree to content themselves with, and that the producer
shall pay a correspondingly higher price in consequence.
It is from no philanthropic motives that the Central and
build levees, would have found few
advocates two months
Such work, it was generally felt, belonged to State
management, to be paid for by tax on the property where
ago.
the benefit accrued.
Under, however, the ^urgency of
put on this extra charge. It is the spirit of
the
situation, public money is being freely appropriated
business rivalry that prompts their action.
They know
for
supplies. Why then it is asked, should not the
that they must carry as cheap as any other road, or lose
Government
as well prevent as cure ? *
the business.
Then as to equal rates depriving the pro¬
We are all familiar with the answer many will make,
ducer of a choice of markets, quite the contrary is the
case.
With the charge alike to all the seaboard cities, the that there is no authority under the Constitution for
producer is free to select whichever he pleases. With building levees, since it would in no way serve “ to regulate
varying rates in vogue, he is of necessity confined to one “commerce with foreign nations,? or “ among the several
States.”
As a legal proposition we do not see how that
route—he must choose the cheapest.
And in that way
the other cities will be deprived of their business—not can be denied, and yet the usage of the Government more
Erie refuse to
“
than sustains such
immediately but eventually.
Now that the Commissioners have heard the
-of all three
cities,
we
arguments
cannot but express our satisfaction
position held by New York is found so strong^
her views were so well presented to the Com¬
To be sure, nothing new was brought out, but
mission.
the facts and' arguments submitted by the Produce
Exchange Committee, the Chamber of Commerce Com¬
mittee, by Mr. Walker and by Mr. Fink, make up'in our
estimation a very strong case.
It has been claimed that
the statistics showing that only by repeated reductions of
the differences against her has New York been able to
Retain her share of the seaboard business are irrelevant,
jbut to us they appear very pertinent indeed. They
•demonstrate how clearly impossible it is forthe.New York
that the
and that
a
loads to consent to the differences now demanded.
1870
dollars
In
against us.
have reduced this, until it now amounts to
the difference
^Repeated wars
■only GO cents.
two
was
a
ton
New York maintained its
jshare of the export business, even though it had
to
charge two dollars more than the Baltimore
&
Ohio,
At
because
first
labored
exporting port.
Baltimore
other
under certain
Soon these dis¬
disadvantages as an
advantages were so far removed that New York could
jstand a difference of only one dollar, and then other
Improvements in the position of Baltimore made even
this too great, so it was cut down to
60 cents.
In 1881 it became apparent from the course of traffic that
the difference would have to be still further reduced, or
proven by the
the committee.
It stands to reason that if the difference allowed had
Xiot been excessive, it would have been impossible for
Baltimore to have increased her percentage of the business.
It is clear, also, that Baltimore, as a port, must be in
perhaps abolished altogether.
All this is
statistics which New York submitted to
•
Ibetter
position to-day than
ever,
otherwise the difference
would not be excessive.
Whether the time has arrived when Baltimore
can
appropriation. We have always
opposed the practice; and in truth among conservative
people the River and Harbor bill cannot fail to be looked
upon with unqualified disfavor, having in it, as is believed,
a mere pittance of legitimate appropriation
mixed with
a mass of
personal jobs. Creeks with no commerce, and
not even navigable for anything larger than an ordinary
row boat, known only in the Congressional district where
they are claimed to exist; piers built for the purpose of
originating navigation in the interest of individuals or
corporations of weight politically; harbors, called so only
by courtesy, which perhaps a schooner may have some¬
time visited;—these are samples of the enterprises which
make up in good part the sum of the appropriations for
which Congressmen exchange votes one with the other,
thus establishing themselves as available candidates for
re-election under the popular cry that they have taken
care of the neighborhood and so the neighborhood must
reciprocate by taking care of them.
No wonder, then, with such abuses as these, which are
wholly indefensible, that there has always been a decided
disinclination to stretch the constitutional provision so as
to cover the Mississippi levees; for the fear of giving a
qualified support to an evil thu.3 annually practiced has
been a strong influence standing in the way of the greater
work.
Besides this, there is a deep dislike among a large
class to encourage in any way the prevailing disposition
of running to the General Government with every diffij
culty a community meets. We used to be jealous of the
rights of the States, and we used to be self-reliant enough
to depend upon individual effort in preference to the
interference of the central power where the individual or
the State had the right of action.
This is changing now,
and to the harm both of ourselves and of our civil service,
and a feeling against this innovating spirit has, like the
abuses contained in the River and Harbor bill, also stood
in the way of any comprehensive work on the MississippiBut in this connection it is well to remember that there
special circumstances which give peculiar weight
appeal now made to the General Government.
first among them is The fact that it is quite difficult
compete on equal terms with New York, that is a ques¬
are some
tion which it remains for the Commission to decide.
to
Pos¬
an
the
sibly they may conclude to allow her a small difference And
still, but, if they do, it will not he because of any advantages for States to do the work, because the responsibility!8
in railroad transportation, but because of disadvantages in distributed among several.
There seems almost a neces¬
ocean transportation, freight rates by steam being some¬
sity for a power back of them to devise and carry
what lower here than there (though the average sail rate through a single and uniform system.. An absence of this
MABCH
THE
25, 1S82.J
CHRONICLE.
^nity in construction, is a great defect and weakness, as
we understand it, in the existing levees.
Then again the
States now flooded are by no means strong financially.
They have never yet recovered from the shock of the war;
331
created.
Nothing could be more timely or reassuringlanguage employed by the Czar in his con¬
gratulatory message.
He expressed his hope that the
Emperor’s life, which was so necessary to the peace of
Europe, might be long preserved ; and his anxious desire
was that the friendly relations between Russia and Ger¬
many might not be disturbed.
The return message was
no doubt
equally friendly; and the Czar could not but
be deeply touched by the reference to his father’s death,,
so kindly made by Emperor William.
These, however, are not the only indications which
encourage the hope that the peace of Europe will not, for
the present at least, be disturbed.
Rumor has it that the
Sultan meditates an early visit to St. Petersburg ; and
King Humbert, speaking in an official capacity, assures usnot only that there is no difficulty between France and
Italy, but that he sees no cloud on the political horizon,,
than
the
the past year has been a peculiarly unfavor¬
able one, planters having, by reason of the drought, lost
almost entirely their food crops and made only a short
crop of cotton.
To repair the present disaster would be a
severe tax, and to enter upon the work of improving the
levees would be almost, if not quite, beyond their power.
We do not attach much weight to the objection, that if
the Government undertakes this work it will be opening
the door to applications for every kind of reclamation and
development, in connection with streams over which the
Government has no control. It is well enough to remem¬
ber that the door is already open as wide as it can be, if
the making of precedents can do it.
The suggestions we
and that he desires the maintenance of peace.
have made above show this; but if any one still doubts it,
All this is very gratifying.
War comes only as a
let him look over any River and Harbor bill, or even look
curse ; and the circumstances of the general situation areover the one that will be passed this year;—they are all
such that a European war is to be contemplated only witfr
of them full of gifts for which there is not the least
semblance of legal support. Besides, the appropriation feelings of the greatest alarm. It could hardly fail toassume extensive proportions ;
and it would be certain
now proposed can never become a precedent for any other
to involve not only a vast destruction of life and property,,
work. It is scarcely necessary to say that we have but one
Mississippi River. Tt is a feature of the country.
It but large transfers of territory and great changes in the
It would be unjust to question
would be no more rational for a Congressman to cite map of the Continent.
the
sincerity of these expressions of friendship, as
work done on it, to justify appropriations for the improve¬
and further,
•
interior creeks, than to attempt a parallelism
between the Atlantic Ocean and a mill pond.
ment of
confess, however, that we should like it better
were
Congress in all cases to follow the stricter
interpretation of the Constitution and make no appro¬
priations except such as are demanded for the general
benefit of the commerce of the whole country.
That
would exclude almost every item in these bills except
We
for harbors.
But if
we
are
to
continue to follow the
among
which have so long prevailed and include
our Government beneficiaries interior rivers and
creeks,
or even
usages
if
we are
to take Government money to
forward enterprises like our own Harlem River
improvement, no reason can be given why we should
remand wholly to State or private resources the work of
confining the Mississippi within its banks. It is, to be sure,
a
large and costly work, and we have no doubt this will as a
carry
last resort be
urged against undertaking it; but that fact
ought not to alarm men who refuse in any degree to repair
the wrong done by the Pension Arrears bill.
Besides,
to relieve the proposal from this objection, perhaps the
States especially interested might be led to contribute to
the work, if some comprehensive effective system were
adopted. At all events, we should like to see Congress
meet this whole subject squarely, not by stealthily slip¬
ping into a corner of the River and Harbor bill a small
appropriation which can accomplish nothing, but by an
open discussion and a determined, settled policy.
EMPEROR WILLIAM'S BIRTHDA Y AND PEA CE
PROSPECTS.
The uneasy
exchanged between government and government, or todoubt that there is an honest desire in high places to
maintain the peace.
But it is undeniable that the avowed
friendship is in a large degree superficial, and that the
desire for peace does 'not imply on the part of the differ¬
ent governments and peoples satisfaction with things asthey are.
The truth is, that, although in the general European-.
situation there are no clouds on the horizon, there are
spots which, if other conditions were not unfavorable,,
would
soon
become clouds.
Sclavic element in Russia is
It is notorious that the Pan-
the
controlling element,
feelings towards AustriaGeneral Skobeleff may have spoken unadvisedly with his
lips ; he may have given grave offense to his Imperial
master; but he spoke the sentiments of his people and off
his order.
An imperial rebuke is endurable when it doeat
not interfere with personal liberty ; and disgrace is almost
to be courted when it is accompanied with the worship off
the multitude, including the best classes of society.
Gen¬
eral Skobeleff is the most popular man at the present
moment in the Russian
dominions—the most highlyhonored man in the Russian capital.
Knowing what w«^
do of the state of feeling, .we are not permitted to doubtthat but for the decided attitude assumed by Prince Bis¬
marck, Russia, some weeks ago, would have rushed upoa
Austria and attempted, at least, to drive her from theBalkan Peninsula.
Russia, however, could not risk a.
struggle with Austria and Germany combined ; and sowhile Austria was putting down the insurrection in Bos¬
nia and Herzegovina, the Pan-Sclavists had to swallow-
and is animated
now
with bitter
their rage as best they could.
It was to this smothered sentiment Skobeleff gave vent
when he broke out in Paris, and railed against Germany
feeling which has for some weeks pervaded
Europe and which was largely due to the unguarded lan¬
guage made use of in Paris by General Skobeleff has and the Germans. It is equally notorious that both the
given place within the last few days to a feeling of greater Turkish and Italian Governments have causes of quarrel
confidence. The public mind of Europe has been further with France for her doings in Tunis ; but neither is able
quieted by the events which took place on Wednesday in to strike. It might not be difficult to show that war in.
Berlin and St. Petersburg. The birthday of Emperor certain circumstances would be agreeable to certain sec¬
William furnished an opportunity which seems to have tions of French society, or to indicate unfinished plans of
been eagerly taken advantage of by the Russian Court to the ..great .German Chancellor which war only could
flaake an end of the unpleasantness which Skobeleff had accomplish. But it is necessary for the present to count
332
the
THE
cost.
The
combustible
material exists
CHRONICLE.
in sufficient
abundance.
«
[VOL. XXXIV.
for this purpose, this country may “ communicate ”
with
any Peruvian authorities or individuals for that
end,
The delicate character of the situation furnishes the best
except Calderon himself. Chili then proceeds to state her
It is because terms of settlement with Peru.
ground of hope for the continuance of peace.
so much bound
up with the maintenance of
the status quo, that each is afraid to move.
Peace is to be
maintained, not because governments and peoples are
satisfied, not because a spirit of true amity prevails among
•them, but because they are afraid of the consequences
which war might involve.
It would be more satisfactory
were it otherwise.
If the cravings of the nationalities for
unity were satisfied, if unsatisfactory boundary lines were
rectified and a happy equilibrium established,
peace might
rest on a more solid basis and
prove more enduring.
As
such a state of things has not yet been
reached, and is not
likely soon to be reached, it is well that the hands of the
different governments are so effectually tied that
peace is
a
necessity.
self-interest is
aS
HOW
THE
UNITED
STATES
“LETS
GO})
CHILL
One
The document is
{
**£V
m
i1?.
country all through
precisely—not of the country, but of the false
position in which its late diplomacy had put it. Notwith¬
standing the recent caricature in a Chilian journal, depict¬
ing the navy of the United States, with an uncomfortable
approximation to facts, as a wash-tub, it is of course certain
that Chili entertains
ample respect for the power of the
United
is
no
when he
there is
no
u
...
.
pass on.
Mr. Trescot next
admits,
Hong Kong..
Shanghai"....
on
behalf of this country, that
armed intervention between Chili and Peru would not
be
a
diplomatic
or
a
friendly proceeding, and receives the
next snub in the remark that “ mediation is not advisable
“
or convenient to the
belligerents, or solicited
by Chili.”
Chili protests friendship and affection, and is
willing to
let this country mediate, to the extent of
inducing Peru to
accept Chili’s terms, for it is “ understood that if the
“
United States should not obtain the consent of Peru to
If
m
,”{p,
strong and sensible
has deserved it.
man
Chili knows that
“ war
party” here, or any possibility of any, or
the part of our people to pose as general regu¬
brotherhood,
by one the pieces of documentary evidence re¬
British influence ” from the whole of both continents.
lating to our South American diplomacy come out, and
In fact, sentimental
diplomacy will hardly be “in request”
each one adds
something to the discreditableness of it. in this
country hereafter.
While Mr. Shipherd is telling the House committee how
Mr. Trescot himself deserves
he weighed the record of Q-en.
sympathy. The humbleHurlburt, and then treat¬
pie he has had to eat was eaten in a representative
ing him “like a recognized criminal,” made sure in ad¬
capacity, and the pie was for the United States ; but Mr.
vance that he would not
“jump on ” the whole Peruvian Trescot’s
mouth and palate are his own, and he must have
Company scheme in his newly-acquired position as Minis¬
gotten a stronger taste of it than properly falls to one
ter to Peru,
by writing him a very broad hint (did not man’s
share. It was not liis fault that he had the
Gen. Hurlburt return this letter to the
job of
Department of
helping us “ let go.” Mr. Shipherd-felicitates himself on
State and denounce the writer
?) of something to be his letter to Gen.
Hurlburt, which he calls a very artistic
gotten out of it for himself, the text of the protocol
agreed to by Mr. Trescot and the Chilian Minister in way of “ handing him the soaped end of the stick.” At
the risk of mixing figures a little, we feel
like adding that
Santiago, a month ago, comes to light.
poor Mr. Trescot has had handed to him the hot end of
This document opens by Mr. Trescot’s
admitting that the the
poker heated in the fire of his own generous
United States had recognized the Calderon Government
impetuosity.
out of friendship for the
belligerents and in the interests
of peace,” to which the Chilian Minister
responded by dis¬
claiming any intentional disrespect to this country in not pXmiclavijf Commercial gtigltsft l^ewrs
refraining from squelching the Calderon attempt, saying, RATES OF
EXCHANGE AT LONDON AND ON LONDON
with what reads like a delicious
AT LATEST DATES.
naivete, that “Chili abol¬
ished the authority of Garcia Calderon within the lines EXCHANGE AT LONDON—Mar. 11
EXCHANGE ON LONDON.
held by the troops, and that he was arrested without
Latest
On—
any
Time.
Rate.
Time.
Rate.
Date.
intention of offending the United States or
any other
“neutral power,” etc. The sarcasm which
Short. 12-3 4 2123%
Mar. 11 Short.
1215
really underlies Amsterdam
Amsterdam. 3 mos. 12-6
212-6%
this complimentary disavowal of intentions to affront the Antwerp
2o*G0 225*63
Mar. 11 Short.
25-33
2068 2 20-72
Hamburg...
Mar. 11
2047
United States may be realized if we remember that the Berlin
20*68 220-72
Mar. 11
20-47
Frankfort...
20-68 220-72
Mar. 11
20-47
Calderon Government consisted
practically of Calderon St.Petersb’g.
233i 2>2378
Paris
Short. 23-26%225*35
Mar’.’ 11 Short
25*27*3
himself, plus the backing he received from us, and that Paris
Long. 25-52%225"5713 iMar. 11 •3 mos.
28-29*3
Vienna
3 mos. 12-15 212-1712 Mar. 11
Chili quietly made an end of him and his
12-05
government by Madrid
46 24din
46 245*2
“arresting” him and locking him up, police-wise, but with¬ Cadiz
Bilbao
46 24513
out any intention of
226-50
Mar. 11 3 mos.
2610
doing more than that. It is not at all Genoa
Lisbon
Alexandria
Mar.
8 3 mos.
97%
surprising that “no further discussion on this point took New York...
Mar. 11 Short.
4 85%
Calcutta
60
Is. 8d.
Mar. 11 4 moa.
d’ys
place”; Mr. Trescot was doubtless willing to drop it and
18. 87igd.
Is. 8d.
Bombay....
Mai*. 1)
Is. 8%(1.
u
$i
he
But there
working the ground and nitrate deposits in a spirit of
unselfishness, banded solemnly to exclude that terrible
“
At
knows
defy it.
any desire on
lator and mediator for all the American
governments. We
have no wish to be even the solvent which shall blend
all
the governments south of us into a common
-
41
26-40
States and would not readily
risk in giving a rebuke to a
11
iSii
rebuke of this
or, more
“
Vs
a
“
the conditions of peace,
u
employment of their good offices, in such
1'
of the
:i
once
which
serve as a
basis to the
case the action
United States between the
belligerents will at
cease.”
If those offices are offered and
i f|
fFrom
our own
*4
it
< 4
*4
-
44
Mar. 11
Mar. 11
ti
44
38. 9%d.
5s. 1 %<1.
correspondent. I
London, Saturday, March 4, 1882.
Money continues iu demand for short periods, and for
loans, even on the best security, 4/2 to 5 per cent interest is
charged. Since the Bank rate was lowered to 5 per cent the
supply of bills sent from the provinces for negotiation has
increased, but the rates of discount have somewhat declined,
the few taken for three months* bank bills being about 4f4 to
4/2 per cent.
A fair degree of firmness, however, pervades
the market, and there is not much expectation of
any imme¬
diate change in the official value of money.
Should any altera¬
tion be made, it will no doubt be one favorable to borrowers, as
gold is still arriving from the United States, and the Bank’
is likely, therefore, to improve. The effect of th
accepted position
,
March
THE
65,185 S.J
CHRONICLE.
in the value of money in this country has been more
than usually decided, and although some reduction has been
made in the quotations during the last ten days, gold is still
advance
being
;
attracted from various quarters.
the same time
and the open
there is quite
plethora of
in Paris,
market rates of discount having declined to about
a
money
eent, the directors of the Bank of France have lowered
cent. The result is that amongst the
leading European money markets London is now the dearest.
3 per
their minimum to 4 per
33 i
then have been made but for the belief that the
payment of
the
remaining judgments obtained against the Marquis Campo
long be delayed, and that a more substantial return
would soon be possible. A sum of about £60,000 further on
account will shortly be remitted from Madrid, and with that
money and the cash in hand the liquidators will be enabled to
make an immediate distribution of 20s. per share,
making a
total return of £6 15s. per share on 79,634 shares. The
moneys
would not
so
distributed will
then
have
amounted
to
the
sum
of
would occasion no surprise, therefore, if the open market £537,529 10s.
A meeting of the Submarine Continental
rates of discount were to fall away and so force down our Bank
Railway Company
rate. The absence, comparatively speaking, of the means of (limited) was held on Thursday, under the presidency of Sir E.
employment for money in Paris, will* be certain to cause a W. Watkins, M. P., Chairman of the Southeastern Railway
demand to arise for bills in the London market, and the com¬ C)mpany. The works at present in progress are chiefly ex¬
petition which is likely to be brought about should, in the perimental, but if there is no opposition on the part of the
natural course of things, tend to lower the rates. After the Government the scheme will no doubt be carried out. Sir
reeent troubles and disasters, speculation is not likely to Edward Watkins said since their last meeting they had re¬
assume a very active form for some time to come, and to make ceived from the chairman of the French Channel Tunnel Com¬
capital yield some profitable result, more legitimate means pany a very courteous and satisfactory letter upon certain
will have to be adopted. The purchase of bills will, no doubt, questions of levels and interchange of
plans and facilities which
largely resorted to, and hence an easy money market is had been discussed between that company and this. Two or
anticipated as soon as we have fairly entered into the spring three parties of distinguished men had also been down to in¬
months.
spect the tunnel since their last meeting, and he believed that
This week’s Bank return is disappointing. The increase in all who had visited it had been
extremely interested by three
the total reserve, owing to the fact that the note circulation has things—the unbroken consistency of the stratum
through
been augmented by £483,795, is not more than £96,974. The which they were boring, the
facility with which their machines
stock of bullion has, however, been added to to the extent of were operating on that stratum, and the
very beautiful and
£580,769. The Bank has experienced a considerable demand valuable arrangement as regarded lightning, which had been
for loans, the total of “ other securities” having been increased supplied by the ingenuity of Dr. Siemens. Whatever
might
by £1,231,629. The proportion of reserve to liabilities, which become of their experiment, there could be no doubt that they
was last week 38 57 per cent, is now 37'70 per cent.
were solving not only the
question in relation to a tunnel
The settlement on the Stock Exchange this week was unusu¬
under the Channel, but certain questions as to the practical
ally light, and business in that department during the last few applicability of science, which he believed would be very
days has bec-n very limited. Scarcely any desire is shown to useful in many departments of social and industrial life.
operate largely, but the tone is fairly steady. New companies They had proved by the use of compressed air that they could
are being brought freely before the public, and should the
obtain a force, which was not a mere force for boring through
value of money decline, it is expected that the prospectuses of the material
they had to bore through, but it also supplied to
new undertakings will again become very
numerous.
The them the vital element of air for keeping their workings pure
following are the present quotations for money:
and salubrious, and in which people could live without the
Per cent. Open-market rates—
Per <cn*.
slightest danger to their health.
Bank rate
5
4 months’ bank bills
44* 0)4^8
American cattle breeders are still buying stock for breeding
6 months’ bank bills
Open-market rates—
4X4 cv
30 ami GO days’ bills
4 & (i months’ trade bills. 412 0'512
4*4 a) 1^2
purposes, and are making selections from amongst our best
3 months’bills
43s®4^
herds. Bell's Weekly Messenger says that on Saturday, Feb.
The rates of interest allowed by the joint-stock banks and
18, Mr. Leslie Combs, of Lexington. Kentucky, took out seven
discount houses for deposits remain as follows :
specimens
of the short-horn herd called the Red Roses. The above
rer cent.
Joint-stock banks
3i2 authority adds that the extensive purchase of Red Roses for
Discount houses at call
4
Do
with notice
4*4 America will add greatly to the value of the tribe in this
r'
The only export demand for gold this week has been on country. Not only are the Americans buying the Thorndale
and Heydon Roses, but after barely ten years since the Earl of
Indian account. There has been no inquiry for the
Continent,
and the bulk of the arrivals has been sent therefore into the Dunmore was induced to import the Renick branch into Scot¬
bank. The market for silver has been steady
without material land—the Earl of Bective bringing them into England—they
change in the quotations. India Council bills have been dis¬ are actually re-importing largely of that branch. They evi¬
posed of at the minimum, Is. 8d. the rupee. The* following dently know its value. A better representative of American
breeders than Mr. Leslie Combs could not be desired by those
prices of bullion are from Messrs. Pixley & Abell’s circular:
who
GOLD.
wish to learn the tendency of American taste and the
8.
d.
8.
d.
Bar gold, fine
per oz. standard. 77 9 ®
probable direction of future demand.
Bar
gold, contain’# 20 dwts. silver per oz. standard. 77 lOifi©
We have had some gales and rain during the past week, but
Spanish doubloons
73 10 'a)
per oz.
South American doubloons
73
9,0
per oz.
we are now enjoying real March weather, and the agricultural
United States gold coin
76 3*2®
per oz.
German gold coin
prospect remains as satisfactory as at any period since autumn
&
per oz.
silver.
d.
d.
sowing
wss commenced. Farmers are looking forward with
Bar silver, fine
per oz. standard. 52
«
Bar silver,
hope
to
some revival of prosperity, which can only be possible
eontain’g 5 grs. gold
per oz. standard 52^8 'c
take silver
per oz. 56*8
l
if
the
crops here are abundant. The trade in breadstuffs con¬
Mexican dollars
per oz. 50 34
5078
Chilian dollars
tinues very dull, and sales are only practicable by submitting
peroz
Quicksilver. £6 Os. Od. Discount, 3 per cent.
to lower prices. A feature of some importance, though not
The tenders for £1,936,000
Treasury bills were opened on favorable to producers, is that second qualities of American
Thursday at the Bank of England. The amounts allotted were flour are very difficult to sell. Last year, owing to the failure
as follows—in bills at
three months, £1,736,000; and in bills at of the rye crop in Germany and Russia, no difficulty was exper¬
six months,
£200,000. Tenders for bills at three months at ienced in disposing of such descriptions ; but rye beiag now*
£99 Is. will receive about 55
per cent; above in full; and for bills more abundant, and thereforce cheaper, there is no such demand
at six
months, at £98 6s. 4d. and above in full, representing a for inferior parcels of flour.
discount rate of 3% (£3 16s.) and 3% per cent respectively.
The failure of Overend,
Gurney & Co., limited, took place
London, Saturday, March 11. 1882.
^ay
10, 1866, but the undertaking is still in existence, though
]h
liquidation. The liquidators have issued a report this week,
The money market during the past week has shown increased
bringing the accounts up to the close of last year. From this ease, and the directors of the Bank of England have decided upon
it appears that
a sum of £2S,886 12s. lOd. was received
during lowering their minimum rate of discount to 4 per cent. The
the year. The three
“calls’’had been paid in full on 79,634 Bank of Germany has also lowered its quotation to 4 per cent,
shares out of the 100,000 shares into which the
capital was and the indications are still of increasing ease. The supply of
divided, and the amount returned to the shareholders has gold on passage to this country is considerable, and in the ab¬
reached £457,895 10s. Inhere was in hand at the end of the sence of an
export inquiry of any magnitude a further accu¬
year £2-1,053 0s. 8d.
applicable to a further return, which could mulation at the Bank of England may be expected to take
It
..
....
THE CHRONICLE.
334
Tol.
Month
The effect, also, of the financial crisis in Paris and the'
-Advance in the value of money at the leading financial centres,
-place.
has been to check business to a considerable extent, and conse¬
quently the legitimate demand for money which was manifest¬
ing itself previous to the collapse in Paris is now far less
apparent.
The Board of Trade returns published this week show, how¬
ever, that the condition of our trade is satisfactory; and as
some'difficulties which had been long impending have been
removed, while the value of money is at a low point, there is
still reason for hoping in a return of legitimate and remunera¬
tive business. The removal of the duties upon cotton goods in
India may also be expected to give some stimulus to business
in the cotton trade, and the still favorable agricultural pros¬
pect should also tend to promote confidence. Some failures
are, indeed, taking place in various branches of business, but
they are not of a serious character. In the trade for cereals
difficulties have recently arisen, but no firm of any standing
has experienced any trouble beyond what is usual. The grain
trade has not, however, been remuneratively conducted for
some time past, and the greatest caution is still being observed
in it.
The demand for money for
mercantile purposes has been
week, but short loans
only obtainable, even
the best security, at the Bank rate. This demand for
upon a very moderate scale during the
have continued in request, and have been
upon
short loans is attributed to the
revenue
collections which
are
being made in view of the approaching close of the financial
year. The rates of discount in the open market have, however,
beeft falling away, and three months’ bank bills have been
negotiated at as low a figure as 3% per cent. The Bank return
The note circulation has been dimin¬
shows favorable results.
ished
by £191,315, while the total supply of bullion shows an
increase of £512,216. The result is that the total reserve has
been augmented to the extent of £703,531, and the proportion
of
reserve
last
to liabilities is 4019 per cent,
A considerable amount
week.
against 37*70
loans
of
per
has
cent
been
to the Bank, there being a reduction of £1,174,927 in the total of ‘‘other securities.” The improved
position of the Bank has not had much effect in increasing
business upon the Stock Exchange. After the recent commo¬
tion, a very strong disposition has been shown to operate with
^caution, but the flatness which has been occasionally apparent
has been largely due to unfavorable political rumors, which
have, however, been, as usual, greatly exaggerated. Taken as
a whole, the tendency is towards a revival of activity ; but the
repaid
process is a slow one.
lions for money :
The following
Per cent.
4
Bank rate
OP en-market rates—
30 and GO days’ bills
3 months’ bills
The
following
•deposits
are
3^8 @3^
are
the present quota
Per cen
Open market rates—
4 months’ bank bills
3 3s® 3*2
6 months’ bank bills
338®31e
4 & 6 months’ trade bills. 4 ® 5
rates
interest
of
allowed for
now
Per cent.
3
3
Joint-stock banks
Discount houses at call
3^4
with notice.
There has been
demand for gold for export, and
arrivals. Silver has been in
have had a downward ten¬
Mexican dollars have, however, somewhat improved in
scarcely
any
the Bank has received nearly all
less demand, and the quotations
dency.
value.
Bills
on
India have been sold at Is. 8d. the rupee.
following prices of bullion
'circular
Germany
are
GOLD.
gold, fine
per
gold, containing 20 dwts. silver, per
Spanish doubloons
8.
oz.
oz.
standard.
standard.
South American doubloons
United States gold coin
German gold coin
The
per
per
per
per
oz.
oz.
oz.
oz.
per oz.
per oz.
a.
d.
s.
77 9
®
77 1012®
73 10 ®
73 9 @
7G 3*2®
85,070
217,857
Belgium
France
19,736
62,703
rtaly
Denmark
Austria, Roumania, and Sweden
and Norway
32.491
27,787
45,102
29,607
58,029
979,433
130,566
112,324
Greece,
United States
British North America.
British Possessions
306,383
r
2
India, Ac
11,452
{6,3*28
12,654
Brazil
86,422
Other small States
Unenumerated
735,700
6,003,118
1,400,902
567,471
2,667,915
567,471
2,100,444
4,602,216
Total Board of Trade returns, 1881
Do
1882
do
26,835,550
Inc.
of Feb.
©n mo.
61,966
1,651,774
714,832
346,700
Less decrease
20i',953
152,151
27,895
38.084
Japan
776,574
763,65*2
94,' 9*11
Egypt
China and Hong Kong.
297,322
291*,933
413,53 i
Australia
1,100,902
Month.
2 Months
18,935,994
34,154,46]
38,756,67'
2,100,444
4,602,216
Increase.
Summary of the Two Months’ Increase in British Exports to the28th
of Februat'y, 1882.
£907,211
414,966
The whole of Europe
India, Australia, Canada and British Possessions
United States
The whole outer world
979,438
:
2,300,601
£4,602,216
The trade for cereal
produce has continued very quiet, and
buyers have been buying strictly for their actual requirements.
The uncertain condition of the trade in the United States, and
place there as well as here,
adverse influence, and prevent any return of anima¬
tion in the trade.
The weather in this country has been very
the failures which have taken
exercise
an
mild, and vegetation is now in a forward state. Farm work,
with but few exceptions, is progressing satisfactorily, and
the agricultural prospect is still regarded as more than
usually encouraging. The prospect is also equally satis¬
factory on the Continent. But between the present time
and
harvest,
larger
importations from abroad will
be
in this country and on the
becoming much reduced. The
both
as
necessary,
Continent, home supplies are
of wheat recently harvested in Australia is becoming
rapidly exhausted, it having been smaller than had been antici¬
pated. It is expected that by the end of April the quantity
available for exportation will have been shipped.. The smaller
shipments are due partly to less favorable harvests and partly
crop
augmented home consumption. The deliveries of British
are now falling off, and a gradual diminution may be
anticipated. The agricultural prospect greatly depends upon
to
an
favorable spring.
The failure is announced of
standard.
standard.
England, the Bank rate of discount, tlie price of consols,
quotation for English wheat, the price of middling
upland cotton, and of No. 40 mule twist, fair 2d quality, and the
Bankers’ Clearing House return, compared with the three pre¬
Bank of
the average
vious years :
52*4
5618
507s
per oz.
peroz.
per oz.
Discoimt, 3 per cent.
....
^
25,363,250 26,553,345
Public deposits
9,811,030 11,564,863 10.808,536
Other deposits
22,873,490 24,570,08 7 25,3 65,103
15,862,908 1 6,489,524
Governm’t securities. 13,296,309
Other securities
24,708,260 21,048,313 21,143,70 1
Res’ve of notes A coin 13,218,065 17,741,883 17,093,019
Coin and bullion in
24,825,140
departments.. 22,293,205
The
following
48-74
3 p. c.
4 p. c.
lOO^d.
997ed.
44s. 9d.
41s. 7d.
6%
63ied.
10%d.
lOLpt.
Paris
extent of the variation of
Hamburg
Frankfort....
Vienna
....
Bank
Open
rate.
Pr. ct.
4
market.
4*2
....
4
....
.
....
....
.
.
.
....
4
33,133,637
50-12
2^2 P-c963t
39s. Id.
973i
44s. 7d.
73, ed.
Is. O^d.
58\1
104,045,000 94,232,000 77,560.000
leading foreign
Bank
rate.
Pr. ct.
Pr. ct.
3Hs
414
414
3*2
3*2
3*2
3*4
19,301,782
46-88
the rates for money at the
are
28,836,885
9,720.720
23,366.650
1 4,931,878
22,540,444
3 p. c.
centres:
to the first eleven countries included in the list show the
export trade with the Continent
.
28,110,133 28,646,364
40*19
Clearing-House ret’n.111,916,000
®
1879
1880.
£
®
52
® 52»1C
1881.
1882.
®
511&16®
large firm of flour dealers at
a
Adrianople, with liabilities estimated at £S0,000.
Annexed is a statement showing the present position of the
Brussels
Amsterdam..
Berlin
209,700
105,512
Portugal, Ac
to liabilities
Bank rate
Consols
Eng. wheat, av. price
Mid. Upland cotton..
No. 40 mule twist—
d.
d.
following comparative table shows the increase or
decrease in the export trade of the United Kingdom during the
month of February, and also the corrected figures for the two
months ending February, 1882, the unenumerated goods being
now apportioned to the different States.
The figures relating
Europe:
2,894
69,256
36,756
Spain, Ac
Proportion of reserve
The
of
.
239,418
506,383
Turkey
both
®
SILVER.
our
£
17,480
Circulation
Bar silver,fine
Bar silver,contain’g 5 grs.gold
Cake silver.
Mexican dollars
Chilian dollars
Quicksilver, £6 Os. Od.
Decrease.'
*
93,802
216,369
Holland
from Messrs. Pixley & Abell’s
:
Bar
Bar
end’g Feb. 28/82
mo8.
Inorease.
59,652
82,249
Russia
a
:
Do
2
Deorease.
£
farmers
3 3s® 3^2
the
end’g Feb.28/82.
Increase.
£
XXXIV.
Open
market.
Pr. ct
Madrid and other
Spanish cities.
St. Petersburg
Geneva
Genoa
..
| Copenhagen....
1
0
6
6
5
4
0
6%
G*a
K
O
A
March
THE CHRONICLE.
25,1882.1
3j5
4
Board of Trade returns for February and the two months
ended February 28 have been issued this week, and they again
ghow favorable results. The following are the leading particuThe
^ar8:
Imports in February .
TmDorts in two months .....
Exports in February........
gporte in two months
The following figures
£33,246,028
65,618,93d
16,504,703
1882.
1881.
1880.
£36,646,270
63,389,232
16,835,550
34,154,461
£33,002,892
65,022,350
18,935,994
3^,756.677
33,417,566
relate to the two months ended 28th
1880.
1881.
1882.
2.882,497
3,408,100
3,153,510
1881.
1882.
EXPORTS.
1880.
Cotton
Cotton yarn
Cotton piece
..
.cwt.
owt
lbs.
297,111
31.193,400
709,669,800
540,231
30,000,700
2,380,200
37,900,100
311,835
4.388.200
17,188,091
4,549,300
7.423.200
41,173,900
lbs.
.yards.
goods—yards.
.tons.
Iron and steel
tons.
yards.
Jute piece goods
yards.
lbs.
Linen yarn
lbs.
yards.
yards.
Linen piece goods
£
Silk manufactures
£
British wool
lbs.
Colonial and foreign wool .lbs.
Woolen yarn..
lbs.
Wool fabrics
yards.
Worsted fabrics
yards.
Flannels
yards.
Carpets
yards.
-
.
The following were
276,940
36,838,600
788,222,400
389,982
28,164,500
2,583,700
33,402,900
406,512
3,09 1,600
13,812,964
3,359,400
8,512,500
38,730,000
1.139.100
1.301.100
234,940
864,300
1,441,100
208,780
pairs.
Blankets
201,290
37,696,500
724,841,100
617,301
30,854,500
3,460,400
35,191,(500
484,708
1,681,600
13,183,086
25,786,604
4,360,121
of
18,006,000
15,181,150
26,236,700
55,791,377
55,204,627
56,433,425
768,477
670,153
1,105,228
55,022,900
54,534,474
55,328,197
47s. Od.
52s. 6d.
46s. lid.
40s. 4d.
bush. 17,000,000
25,700,000
27,259,552
21,416,360
home-grown
21,545,100
4,186,200
35,331,600
2.152,100
1.962,700
313,039
Yards.
3,988,600
Exported to—
Gennany
Holland
4,327,700
4,785,800
France
Portugal, Azores & Madeira.
5,176,700
5,158,700
Italy
Greece
637,100
3.010,600
Turkey
42,503,200
Egypt
13,096,100
Austrian Territories
3,064,200
Foreign West Indies
2,125,300
1,306,700
Mexics...:
Central America
Yards.
Yai'ds.
3,402,000
2.007,200
28.356.700
12,161,500
4.104.500
8.285.800
7.623.300
2,934,000
3,373,000
3.803.400
6.887.100
4,388,000
4.632.800
629,700
1.688.900
22.538.500
5.900.200
4.332.100
8.570.800
4,215,300
4.671.500
1,983,000
Butch Possessions in India..
5,736,600
Philippine Islands
4,074,200
Gibraltar
Malta
West Coast of Africa (Brit.).
British North America
British West India Islands &
Guiana
British Possessions in South
Africa
British India—
1,374,000
687,400
3,402,400
3,974,400
4.329.900
15.522.100
3,140,100
10,008,600
4.413.700
1.461.700
37.172.700
4,004,800
7,007,900
3,461,000
1,073,100
1,583,400
3.463.700
6.101.900
4,272,900
2.478.800
4.136.600
2,565,200
1.719.800
2.880.500
3,431,400
24,158,700
1,856,100
3,470,200
3,215,700
736,900
Brazil
Uruguay
Argentine Republic.
Chill
Hong Kong
44,321,900
3,477,300
Japan
Bombay
40,257,600
5.955.500
96.153.100
9.921.300
Australia
Other countries
Total unbleached or bleached
Tdtal printed,dyed,or colored
Total mixed materials, cotton
242,236,400
109,347,800
843,200
1.800.900
3,137,300
6.408.200
262,989,600
112,053,000
247,571,800
103,704,000
'
predominating
Grand total
5.277.900
2.516.500
43.868.500
5.818.900
6.777.800
7,379,000
17,225,400
9,394,000
2,070,000
2,195,400
13,474,700
Ceylon
5.173.800
14,573,000
74,925,200
Straits Settlements
17,195,900
2,862.000
1.711.300
3.606.900
4,375,000
Bengal
3.837.800
44,557,100
7,611,000
69,888,000
7.855.900
1.244.500
6.253.400
36,738,200
Madras
877,200
1.808.700
2.917.600
352,461,400
376,851,300
354,193,400
Other manufactures of cotton show
follows:
as
1880.
Lace and patent net
£
Hosiery of all sorts
£
Thread for sewing
lbs.
Other manfs.,not enum’at’d£
Tot. value of cotton manfs.£
1881.
180,958
84,625
807,162
72,003
5,037,910
The movements in bullion
have been as follows:
.
218,418
105,390
905,996
78,317
5,304,856
1882.
256,210
107,247
1,118,960
91,274
5,097,107
during the month and two months
GOLD.
1880.
Imports in February.....
Imports in 2 months
Exports in February
Exports in 2 months
£
£
217,442
443,750
945,785
^
1,328,172
1,810,190
344,284
1,592,902
1,451,190
Imports in 2 months
Exports in February
Exports in 2 months
416,647
796,796
648.109
1,413,373
Imports in February
£
2,424,690
2,717,924
962,918
3,359,982
703,890
1,212,215
611,544
1,556,166
532,458
1,031,042
416,314
1,148,375
634,089
2,032,062
2,957,148
1,240,546
1,593,894
3,006,275
3,022,405
955,828
3,007,356
3,748,966
1,379,232
Daring the week ended March 4 the sales of home-grown
principal markets of Fngland and Wales
amounted to 34,363 quarters, against 21,525 quarters last year
and 29,529 quarters in 1880; while it is computed that
they have
the whole kingdom 137,500 quarters, against 86,100
Since harvest the sales in the
~Y Piincipal markets have been 1,242,982 quarters, against
M^9,720 quarters and 862,902 quarters; the estimate for the
in Unit’d
Sta tes
following return shows the extent of the imports and
exports of cereal produce into and from the United Kingdom
during the first twenty-eight weeks of the season, compared
The
with the
corresponding period in the three previous seasons:
IMPORTS.
J
1878-9. *
1880-1.
1879-30.
Wheat
cwt.32.206,073
30,745,890
33,999,245
25.786,604
Barley
7,717,933
7,529,905
9,185,111
6,619,516
1881-2.
1,736,975
5,243.629
965,227 * 1,373.626
1,224,427
949,485
....11,719,361 17,218,825
4,681,609
7,039,487
Oats
Peas....
Beans
Indian
Flour
corn
7,647,147
1,253,231
1,570,422
11,890,625
6,024,232
5,884,822
862,211
677,387
15,883,902
4,260,121
1,023,285
506,195
698,278
670,117
Barley
45,064
414,827
49,890
20,890
L70.666
14,618
Oats
Peas
Beans
Indian
Flour
447,249
42,754
19,377
76,033
37,635
60,929
81,149
23,819
534,839
74,539
70,199
70,336
Wheat
cwt.
corn
79,693
54,281
10,646
6,697
272,601
.
81,943
The following return shows the extent of the imports of
wheat and flour into the United Kingdom during the first six
months of the present and last three seasons, together with the*
countries whence those supplies were derived:
Wheat.
Gwt.
From—
Russia
United States
Brit. N. America
...
..
....
Germany
.
121,647
1,644,717
2.351,871
1,005,137
928,276
126,187
500,705
877,619
31,872,990
23,753,654
498,004
571,798
278,024
2,887
519,855
235,363
5,799,335
Egypt
...
Total
860
492,568
2,023,076
1,603,859
4,786
469,656
Turkey, &c
Australia
Other countries..
219,791
13,283,584
France
Chili
British India
4,564,677
13.726,176
1,706,807
.
...
.
2,253,078 1
60,114 j;
915,735
46,883
...
30,433,744
GwL
3,216,497
19,726,507
2,982,258
1,357,932
5,993
1,004,813
798,975
3,787,756
15,762,965
...
1878-79.-
1879-80.
Gwt.
1880-81.
Gwt.
1881-82.
27,282,332
1,607,637
2,076,923
3,946
88,137
Flour.
Germany
France
United States
Brit. N. America
Other countries
...
..
Total
The
...
...
848,985
601,366
564,707
125,413
2,977,971
164,417
152,150
4,337,048
315,575
857,399
1,267,956
149,878
3,909,185
255,883
957,775
4,974,185
6,674,095
5.831,429
following return shows the estimated value
2,147,106
186,179
1,011,614
4,000,701
of the im¬
ports of cereal produce into the United Kingdom during
first six months of the present and last three seasons:
Barley
Oats..
Peas
Beans
Indian corn..
Flour
Total....
£14,395,183
£17,389,958
3,111,870
1,684,259
£18,643,251
£11.787,591
487,012
1,903,608
288,463
233,013
3,904,719
2,592,232
4,068,745
2,584,075
3,061,924
1,689,486
550,136
366,892
325,843
3,531,269
the
1878-79.
1879-80.
1880-81.
18S1-82.'
Wheat
618,255
4,191,837
487,836
4,797,331
5,404,737
3,511,383
4,906,443
3,235,857
£30,601.928
£30,386,633
£34,819,167
£23,938.483
English market Keports—Per Cable.
The daily closing quotations for securities; &c., at Loudon
and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending March 24:
Sat.
d.
Silver, per oz
Consols for money
Consols for account
Fr’ch rentes (in Paris) fr.
U. S. 5s ext’n’d into 3%s
U. S. 4%s of 1891
U. 8. 4s of 1907
Erie, common stock
104
104
“
Cal. white
“
Winter, West., n
“
Corn, mix., West.
“
Pork, West.mess..$ bbl.
Baoon, long clear, new..
Beef, pr. mess, new,$tc.
Lard, prime West. $ cwt.
Cheese, Am. choice, new
115%
II914
39 %
140
65
Mon.
s.
9
1
13
10
75
2
6
5
0
47
0
75
0
10
9
6
75
47
75
54
60
0
0
53
60
io
9
6
.
3118
13614
d.
8-
Flour (ex. State.. 100 lb. 13
“ - 10
Wheat, No. 1, wh.
Spring, No. 2...
Tuts.
82-8712 83-02ia 83-00
Sat.
Liverpool.
Mon.
Thurs.
Wed.
Fri.
52
5178
5115le
5178
5178
ion16 lOUia IOHis 101316 lOlSie lOl^ie
ioi3i6 101316 101316 101516 101*i6 IOIB15
115ia
119i8
38%
Illinois Central
139H
6414
Pennsylvania
Philadelphia & Reading. 3038
134ia
New York Central
4,508,357
wheat in the 150
H8>120 quarters.
(qr).
season
1882.
TOTAL GOLD AND SILVER.
Imports in 2 mouths
Exports in February
Exports in 2 months
wheat for
Visible supply
London.
1881.
SILVER.
Imports in February
57,555,048
Result
Av’ge price of English
a
United States of Colombia
(New Granada)
-
EXPORTS.
1882.
4.738.500
3,538,000
4.805.900
6.315.300
8.951.300
534,400
1,529,600
7,817,300
West Coast of Africa
United States
with the corres¬
1881.
1880.
58,135,782
of
580,734
Total
Deduct
exports
wheat and flour
16.085.400
the quantities of cotton manufactured
piece goods exported in January, compared
ponding month in the two preceding years :
^
33,999,245
6,024,232
IMPORTS.
Ootton
Peru.
China and
Sales
produce
February:
7,039,487
30,745,890
Imports of wheat, cwt. 32,206,073
Imports of flour
4,384,609
d.
9
1
2
5
5
0
0
0
6
0
IO414
116
I19ia
383s
139 ia
64ia
30ia
136
Tues.
8.
13
10
10
9
6
75
47
75
53
61
d.
9
1
8302ia
1043s
116%
II914
383s
139ia
64%
305a
136ia
s.
10
9
4.1a 6
75
0
47
0
75
0
54
6
61
0
2
7
83-17%
1043s
104%
116%
119%
38%
139%
65%
30%
136%
Thurs.
Wed.
13
10
83-15
116%
119%
37%
139%
65
29%
136
Fri.
8.
d.
8.
13
10
9
1
13
10
10
9
4ia 6
3
7
0
75
0
0
0
46
6
61
0
6
0
6
6
d.
9
1
-
2
7
75
53
d.
9
1
10
9
4% 6
2
7
75
0
6
0
0
0
46
75
S3
61
4
THE
336
CHRONICLE.
fVoL. xxxrv,
will work in harmony
It is also understood
instead of as rivals.
have been unable to obtain explicit authority for
the statement—that negotiations are pending with the Balti¬
Imports and Exports for the Week.—The imports of last more & Ohio Railroad Company for the purpose of
bringing
week, compared with those of the preceding week, show the telegraph lines owned by that company into
harmonious
an increase in both dry goods and general merchandise.
The relations with the Western Union; and that the entry by the
total imports were $11,334,928, against $3,223,217 tiie pre¬ Baltimore & Ohio Railroad into New York over the'
Central
ceding week and $10,912,977 two weeks previous. The exports Railroad of New Jersey is one of the subjects considered in the
for the week ended March 21 amounted to $3,134,617, against
negotiation with the Baltimore & Ohio people. If these nego¬
$6,180,100 last week and $6,676,353 two weeks previous. The tiations succeed, the Western Union will have again removed
following are the imports at New York for the week ending the only important obstacles to its practical control of the
(for dry goods) March 16 and for the week ending (for genera! telegraph business of the-country.”
merchandise) March 17; also totals since the beginning of first
Mr. George William Ballou, Vice-President of the Mutual
week in January":
Union Company, and its acting President as well as one of the
FOREIGN KURORTS AT NEW YORK.
principal promoters of the enterprise, was asked whether there
was any truth in the report.
For Week.
1879.
18SO.
1881.
1882.
lie replied: “It is abs* lately false.
No one can obtain control of a majority of tlie stock of the com¬
$ 1,769,'5 83
5 3.110,504
Dry goods
$3,56O,50G
$2,985,818
pany.
It is now held in trust, and cannot be released without
Cien’l mer’disc..
4,01.0,975
7,92 1.424
6,113,075
0,450,552
rny consent, which as yet has not been given.
A proof that no
Total
$11,724,181
$3,452,370 $11,334,928 consolidation is intended is that to-day arrangements were
Since Jan. 1.
made to extend the lines of the company south to New Orleans
$23,103,21 0 $32,755,777 $20,11 i .231
Dry goods
31,057,013
(ycnum e veinl anal ItXiscellaucc usilcnjs.
—although
we
«+■
Gen’i mor’dise..
Total 11 weeks
In
43,312.020
72,373,173
$ >6,415,812 $105,133,950
00,014,019
and Texas, and for the control of a new company which will
build a line from Omaha to California. You may positively
72,273,192
$89,456,850 $106,930,205
deny the report.”
In reply to this the Post said: “We wish to give the fullest pub¬
licity to Mr. Ballou’s statement, but can only account for it on
the "theory that he may not yet know who are the real owners
of certain lots of the company’s stock.
The information which
we published in second edition was explicitly that while Mr.
Jay Gould personally owned not over 25,000 shares of the com¬
pany’s stock, his associates own enough to make the total 52,000
shares, or a majority of 2,000 shares.”
report of the dry goods trade will be found the imports
goods for one week later.
following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports forth*week ending March 21, and from January 1 to date :
our
of dry
The
EXPORTS FROM NEW YORK FOR THE WEEK.
1879.
1830.
1881.
1882.
The Sun remarks: “ As
For the week...
Prev. reported..
$6,096,015
61,504,817
$8,146,413
62,45-1,047
75,719,991
$6.134,G17
61,105,663
Total 11 weeks
$67,662,832
$70,600,400
$83,520 536
$70,244,280
The
$7,800,595
following table shows the exports and imports of specie
York for the week ending March 18, and
merits of which have not been tried.
Exports.
Great Britain
France
$
1
Germany
,
05,000
17,700
1,070
Total 188 2
$1,000
Total 1881
Total 1880
227,17
i
1,148
763
5,702
113,751
77,301
89,619
4,261
229
$7,847
$9,S64,998
116,210
1,479.371
*
$385,066
C,8 67,998
390,280
601,451
14,761
-
-
Silver.
Great Britain
$201,136
France
$2,339,257
<■?
$11,193
-
286,600
3,000
Germany
West Indies
Mexico
South America
All other countries
869
116,700
8,350
8,06100
$261,236!
Total 1382
Total 1681
Total 1880
216,666
•
100
292.778!
$2,628,987
2,021.019
52,0.651
1,450.330
$13.3,138
164,476
33,628
4,66 i
$451,536
6 1,436
14,763
a
them would not carry a
$100,131
150,000
West Indies
Mexico
South America
All other countries
707.96!)
1.325,495 j
—In another column will be found the official announcement of
the appointment of Messrs. Donnell, Lawson & Simpson as fis¬
cal agents for the Srate of Kansas, the appointment to take
effect on and after March 20, 1832.
Of the above imports for the week in 1882, $2,420 were
American gold coin and $17,438 American silver coin. Of the
exports for the. same time $1,000
$100 American silver coin.
were
and
pro¬
majority of the capital, hence the possession of all of
control.”
Western Union.—A special cable dispatch to the World
from London, March 23, said: “It may be no news oa your side
of the water that a powerful syndicate has been formed here
to buy Western Union stock in your markets, the object being
to bring it out upon the London market through the wellknown Anglo-American house of J. S. Morgan & Co. simulta¬
neously with the going into effect of the pooling arrangement
between the Atlantic Cable companies to which the Western
Union is a party. Under this arrangement it is now stated
that Mr. John Pender, M. P., Chairman of the Direct Cable
Company, and Mr. Weaver, Managing Director of the AngloAmerican Company, will become directors of the Western
Union Company".”
sent
Since Jan. 1.
$
$9,602,298
as
action mentioned shall have been decided. Some of the sub¬
scribers have received certificates representing the stock due
them. But the amount of these outstanding does not repre¬
Imports.
Week.
Since Jan. 1.
The entire issue
posed for distribution stands, it is said, in the name of two or
three persons, who act as trustees for the subscribers until the
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
WccJc.
matter of fact, the stock of the
yet been issued. Subscribers to the securities
have received the bonds to which their sub¬
scriptions eutitled them, and the company was about to issue
the stock when it was prevented by the Babbitt injunction, the
at the port of New
since Jan. 1,1882 :
Gold.
a
company has not
of the company"
American gold
BANKING AND FINANCIAL.
coin
BONDS.
policy7 of - the Government in'raakiog successive calls of
passed the bill authorizing the Richmond & Danville Railroad bonds for redemption will reader it necessary for many7 holders
Company to pay its indebtedness to the State (over $400,000; in I to re-invest, during the coming year, money now lying in safes
bonds issued under the bill recently passed-for t he sett lenient
and vaults in the form of old issues of bonds, which have
of the State debt, known as the lUddleberger bill.
The bill
was before the Senate nearly the whole of the last
regular ses¬ leased, or will soon- cease, to bear interest.
sion without final act ion being taken.
It now goes to the House.
Government Bond* can be ont-dm-d at our office
Richmond
;
The
Danville.—The State Senate of Virginia has
Wabash St. Louis & Pacific.—The New York \Vorld
The report for 1831
says:
'
of the Wabash St. Louis & Pacific .Rail¬
Company", to be issued in a day or two, will show: Gross
earnings, $14,407,789; miscellaneous receipts. $277,245; total.
$14,745,035; operating expenses, $10,792,943; net receipts,
way7
$3,952,'091.
The income account is
Balance to credit, January
Add net receipts, us above
as
BANKING.
deposit accounts of parties in good standing;
satisfactory7 references required from those not already known.
We receive
follows:
1,1861
$1,019,180
*‘..9.952,091
iiuerG'..
$1,971,27*2
Charges—
Interest
Kcut-als
Taxes anil miscellaneous
Dividends
53.417.027
1,009,079
We do
$1,852,435
Western Union Telegraph—Mutual Union Telegraph.—
There have been contradictory reports about these companies,
averaging less than 8l.OoU.
a
general commission business in Stocks and
Exchange, and other
Bond?
sound
securities.
.
Especial attention pi veil to orders .by Mail ami
Telegraph from Hunks, li ankers and.other ins*unt.ions and from investors out ci’ the city.
and the
accounts
dealt in at the New York Stock
Balance to debit, January 1,1382
following statements have appeared. The Evening
Wednesday said : “ It is now beyond
question that Mr. Jay Gould and those who work with and
for him have secured, the price not being given, a
majority of
the capital stock of the Mutual Union Telegraph
Company7,
the new opposition company to the Western Union. Telegraph
Company. From this fact it does not follow that there is to
be a consolidation of the two companies, but simply7 that they7
on
STOCKS*
03 7,50 L
1,329,918— 0,121,130
Post money article of
per root per annum on
monthly balances of $1,000 or <-vor. M>
Interest a-lowed at 5
average,
Total
market rates, with i.o eliftTgc
jo any uiuoulit, at
i\ i commission,
1
j
Our Memoranda of
valuable information
,
Government
on
many7
Bonds for 1382,
subjects,
can
containing
be obtained by
! desiring to make investments or.to consult its pages
I
purpose.
FISK
.
*
5 Nassau
&
all
for any
HATCH,
Street, New
York.
THE
35,1882.]
JrfAiicn
'j*Ue
jpaulicvs7 03aeettc.
1H V I
The folio wfug
CHRONICLE.
II ft
KJ
Exchange.—There has been some activity in foreign exchange,
firm, though closing easier to-day
when it was reported that gold would probably not go out to¬
morrow, but that securities would be shipped, including West¬
and rates have been pretty
5? S «
ern
divldenda have recently boon auuoiuiooil:
Per
cent.
Ka m e of Co mxuin y.
When
Books Closed.
Payable.
(Days inclusive.)
Gland A. Fao. (quar.).
Norwalk (quar.)
Bousatouic pnef. (quar ).
St. Louis Jack. & Cliio. prof!
Gliir. Rock
pun Gary &
<L>
Do
y&w
May
1
4
15
10
10
Apr.
$2
Apr.
$3 52 Apr.
$6 50 Apr.
com
VOItiv,
FRIDAY,
Mar. 31 to May 25
Mar. 21 to April 4
April 6 to April 10
April 0 to April 10
April 6 to April 1<>
MARQIl 31, 1SSV5-5 1*. Ul.
cr
The Money Market and
Financial Situation.—The past
strength in the general tone pre¬
vailing in financial circles, and confidence seems to have been in
a great measure restored.
The agreement among the trunk¬
line railroads has been definitely executed for a period of five
week has been one of much
years,
and according to all appearances it is
one
of the strong¬
agreements vet made, though we should be glad to know
how far penalties can and will be enforced against any com¬
est
pany
Union stock.
90%®! 90%.
For Continental bills the actual rates
Francs, 5 13%@5 14% and 5 18%@5 19%;
marks, 94%(a94j/s and 955%@95;M; and guilders, 40%(^40%.
In domestic bills, New York exchange was quoted to-day ,as
are
as
follows:
follows at the
places named: Savannah, buying %, selling
%; Charleston, buying %@3-16 premium, selling % premium ;
New Orleans, commercial par ; bank, 200 premium ; St. Louis,
100 premium ; Chicago, 60 premium ; Boston, 25 «33 discount.
Quotations for foreign exchange are as follows, the outside
prices being the posted rates of leading bankers :
March 2 4.
Sixty Days.
Prime bankers’ sterling bills on London.
4 SO
4 85
Documents ry commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reiehmarks)......
4 8412®4 85
5 19^3 2>5 17ic
39 7s3>
40is
94»4®
United States Bonds.—There has been
governments, and the demand
Demand.
®4 S7
®4 S5kl
.Prime commercial
which may be detected in violating the terms of the
contract.
Another reduction in the Bank rate in London
brings demand and 60 days bills nearer together. On aotual
business to-day prime bankers’ 60-days sterling bills were
quoted about 4 S6@4 86/7 and demand 4 89(gM 89with cable
transfers 4
llftilroads.
1%
lb
337
4 89% ©4 90
4*8
®4 88ia
4 87k)S>4 88
5 ltD4a>5 13%
40*4®
95 ifj ?t>
951s
a
40 kj
937q
good business in
largely trom those
to
seems
olders of the continued sixes
whose come
bonds are called in for
important negotiations reported among
payment.
leading corporations whose stocks are active in the market, and
The closing prices at the New York Board have been as
these may be referred to just as they have appeared—not as
follows:
matters already settled, but as questions still pending, which
t
Interest Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
must have an important bearing if carried out. First of all, was
Periods.
18.
20.
21.
22.
23.
24.
the reported acquisition by the Western Union Telegraph of a
*101
*101
6s, continued at 3*3. J. & J. *100% *100*8 *101
controlling interest in the stock of the Mutual Union Telegraph 5s, continued at 382-. Q.-Feb. *102 % *103*8 1033s 102% 103 *100%
108%
1891
...reg. Q.-Mar. *113% *113*8 'll 4 *8 *114% 114*4 114ia
Company, and in the same connection the probable control of 4%ib,
4%s,1891
coup. Q.-Mar. *113% "113*8 *114% *114% *114*8 *11414
the Baltimore & Ohio Telegraph line by the Western Union ;
*117*8 *117% *117^ 117% 117%
48,1907
reg. Q.-Jan. *117
118
11838 118% *118% 118% 1187*
4s, 1907
coup. Q.-Jan.
also, the formation of a syndicate in London to bring out West¬ 6s,
*125
*126
*126
*126
*126
cur’cy, 1893..reg. f. & J. *125
ern Union stock in that market.
Then the report comes from 6s, cur’cy, 1896..reg. J. <fc J. *126 *126 *127 *127 *127 *127
*127
*128
*128
*123
*128
6s, cur’cy, 1897..reg. J. & J. *127
Chicago that the Chicago Rock Island & Pacific Company is 6b, cur’cy, 1898..reg. J. & J. *128 *128 *129 *129 *129 *129
negotiating for the control of the Chicago St. Paul Minneap¬ 6s. cur’cy. 1899..reg. J. & J. *129 *129 *130 *130 *130 *130
There have been some
-
.
*
olis & Omaha Road.
*
The control of the Central Railroad of New
,
Jersey has been
positively claimed by Mr. Gowen, and his claim is fortified by
the fact that Mr. Vanderbilt is known to have been lately a
large purchaser. A reporter of the Tribune asked Mr. Jay
Gould as to Vanderbilt—“Is it probable that lie would give his
support to Mr. Gowen rather than to you ?”
The answer is noteworthy, as it evinces that shade of sad¬
ness which must often come over a prominent man when lie is
misunderstood by the public or his motives misinterpreted. Mr.
Gould replied : “Really, I cannot say about that. So far as I
am concerned, I should not ask any one for his
support; but,
being a member of the Board, I shall stand or fall with it. If
the stockholders wish me to give up my seat, I shall do so-glad¬
ly, for I have my hands full of business now. I sometimes think
1 should like to give up business entirely.
The care and worriment attending large business interests are very great, but be¬
sides that fact the manner in which motives are impugned and
characters assailed is very unpleasant.
I shall do ail I can in
helping to restore public confidence ”
The money market has been fairly easy, and stock brokers
have p applied their wants readily at 4 @ G per cent for call
loans, while government, bond dealers have paid 2% (Tb 3 per
cent.
Prime commercial paper sells at 5% @ G per cent.
The Rank of England statement on
Thursday showed a gain
for the week of £789,000 in specie, and the
percentage of reserve
was 45 11-16,
against 42 7-10 last week; the discount rate was
reduced from 4 to 3 per cent.
The Rank of France gained 12,023,009 francs gold and 4,173.000 francs silver, and the discount rate was reduced to
3;h per
cent.
The New York
City Clearing-House banks in their statement
an increase of $2,463,475 in their
surplus
the total surplus being $3,153,300, against $087,825 on
of March IS showed
reserves,
March 11.
The
and
a
following table shows the changes from the previous week
comparison with the two preceding years
IS 82.
March IS.
Dilfcr'nces fr'm
previous week.
18S1.
If 80
March- 20.
Loans and dig. $312.310.500'Dec.*!,309,300;$300.177,000 $204,407,400
ar\!
Specie
58,530,700 luc. 2,092,200
59,552,000
55.440.100
Circulation...
2o.075.500 Inc
1 5.771,100
Ht.oio:
20.975,800
r Lv ft 5 f\
r..
^
Net deposits
Legal tenders.
237,100.800 Hie
10.317,800 Inc
Legal reserve.
$71,775.200Aim
74.923,500 Inc
.
Reserve held.
Surplus.......
CO
/• A
.
I
\ A
'
1,058.100
37,800j
rr a
»
A a
<.
277,931,000
I
*
—
i
i
rv
,
State and Railroad Bonds.—In State bonds there lias been
strength in Virginias the past day or two, but for what
more
reason
is
hardly known, unless it be the purchases to
cover
short
sales. In regard to Tennessees, there is doubt whether the
Governor intends to have the Legislature take action on the
funding law, as it is not definitely stated in his call as one of
the subjects to be considered at the special session; the appro¬
priation in the law for interest is mentioned, however, as one of
the things to be considered.
Railroad bonds are generally stronger and the investment
bonds that
margins
are
well distributed and not held in the Street
on
perceptibly firmer. The Erie second consols have
considerably on large transactions, and this morning
quite weak in sympathy with the stock, but closed
are
fluctuated
they
were
better.
Messrs, A. II. Muller & Son sold the
following at auction this
week:
109
Shares.
Tin. Ham.
h hares.
Dayton
mi. Co
60
25 Cent, al Trust On
21 %>
75 Tradesmen's Xu'.. J>k..l!j3e2
5 German 'American Fire.
Ins. On
107%
50e.
silare
per
200 Harlem Gaslight Co.
93
..
Metropolitan (fasi. Co.l05%
Municipal Gaslight Co.
(ox-ili v.)
100 Denver & JLmhi.
Jill. Co
Don ds.
203
Val.
,
$10,000 N.‘ Y.
2,600 Tniles Santos Silv. Mm.
Co
5
12
313
County Sol¬
diers’Bounty 1 mu! <!*. due
1SS5
100% and int.
Railroad and Miscellaneous Stocks.—When the two greatest
capitalists and operators of the stock market proclaimed them¬
selves bulls,'whet her by an exhibit of stocks, by newspaper intervie.ws, or in other ways known to the public, it was to be expected
that prices would become firmer. This lias substantially been,
the situation, and in addition to tho moral effect on outside pur¬
chasers, it has also been reported, with apparently good reason,
that several of the leading
Pacific and Western Union
were
day, however, there
decided weakness in the morning,
stocks, such
as
Lake Shore, Missouri
each held up to a certain point
by orders to purchase all that was offered at that figure. To¬
was
which gave place to a better feeling' in tlie afternoon, w hen it
was said that probably no gold would be shipped by Saturday’s
steamer.
As to some of the negotiations which have an influence on
the prices of certain stocks, the introductory remarks above are
pertinent; and in addition to those, it is well to observe the
on another page, giving the income account, or latest
earnings, of Wabash, Missouri Pacific, Reading and Louisville
statements
& Nashville. After all, these matters of fact must control in
the end, and the earning capacity of a company is of more
importance in the long run than the present attitude of any of
:
March 10.
This is tile price bid at the morning ooarii; no salt was made.
\
a
204,538.200
12.241.200
11.555.100
$201.5251 $09,482,000
$00,134,550
2,730,000|
71.793.200
00,995,200
$3,153,300,Inc. .$2,405,1751
$2,310,300
$860,050
the heavy operators. The wonderful advantage possessed by
directors and all insideis having access to the books of a rail¬
road is shown again each time a conspicuous report, is issued—
thus, when the New York Central & Hudson report was issued
in December, or the brief income account of Wabash for the
1SS1 is issued to-day, these striking reports unavoidably
the suggestion that it would have been vastly more satis¬
factory if they could have been given out just at the close of
year
carry
the
respective fiscal
years
of those companies.
rHE CHRONICLE.
338
[VOL. XXXIV.
^rr
FOR THE WEEK, AND SINCE JAN. 1, 18*2.
RANGE IN PRICES AT THE N. Y. STOCK EXCHANGE
HIGHEST
DAILY
STOCKS.
March
RAILROAD*.
Albany & Susquehanna
Boston AN.L Air-Line
*133
Do
pref...
Burlington Cedar Rapids & No.
Canada Southern
Cedar Falls & Minnesota
Central Iowa
Central of New Jersey
Central Pacific
Chesapeake & Ohio
2d
49*2
9034
23
32%
24*4
pref
Chicago* Alton
Chicago Burlington & Quincy..
Chicago Milwaukee & St. Paul.
Do
pref.
Chicago & Northwestern
Do
pref...
Chicago Rock Isl. & Pacific
Chicago St. L. & New Orleans..
Chicago St. Paul Minn. & Om..
Do
pref.
Cincinnati Sandusky A Clov....
Cleveland Col. Cin. A Ind
Cleveland A Pit tsburg guar—
Columbia * Greenville, pref
Columbus Chic. * Ind. Central.
Delaware Lackawanna * West.
Denver* Rio Grande
Bast Tennessee Va. * Ga...—
pref..
Do
Paul —
pref...
Houston & Texas Central
Illinois Central
Indiana Bloom’n * West., new.
Keokuk * Des Moines
Do
pref...
Lake Erie & Western
Do
Lake Shore
=e
9134
23*2
33
24 3?
113*2 1143s
124
123
13212 1333s
140*4 1403.
33
82**a
33
84*4
91*8
23 *a
923b
90 7a
23
32 *2
*24
9134
133*2 134*4
113*2 U434
12334 124*2
132
134*4
140*4 142
133
133
*76
79
38 3g 39*2
105
106*4
49
50
75
10 =8
1038 10-\
12Lq 1233s
11%
*2o
*90"
83*2
0^*4
*82
12
20
12 7e
20 *2
91
84*2
*90
83*2
70
136*4 136*4
40*4 40«e
34
32
116
Manhattan.;
Dc
1st pref
Manhattan .each Co
Metropolitan FIs vtted
Michigan Central
Milwaukee L. Sh. & West., pref
Minneapolis & St. Louis
pref...
Missouri Kansas * Texas
67
67
53 =8
*2
12*2
12*2
8
56
90
8
56
83*4
86
46
467,
31*2
96*2
25*2
11 'fe
21
69 -a
136 *2 13634
*74
38 =8
■
50
80
136
10 %
*s
122
123 v.
59
62 •■%
68
*92 *2
*30*2
94
....
13
8
23
*32*2
33%
*24
25
,
400
150
-•
o
12*%
20
1934
11=8
1134
84 =s
84 7b
68 •% 69
136 >2 137
40*2 41*2
118
51*2
203a
20 3g
8.900
3,500
38%
39*8
1U6%
105
*78"
137
'136
83 *2
14
11
1217a I227s
61*2
63 =4
12*8
20
107e
1078
91
*90
84
68
84*4
68*2
136*4 136=8
41*8 41*8
17*2 19
34*2
36
1183a 11834
91=8
23*2
33
33
*23*2 25
131
131
132 34 133*2
113
113 7a
122*2 123
130 34 1317s
189,475
61,510
1,525
1,309
225
2,048
5,479
93,655
3,809
44,155
5,860
140*2 140*2
76
'37*4
104
38=a
105%
50*2 51
80
*78
137*2 137*2
100
124,680
103,055
2,100
‘
84
84
12 34
13*8
11%
19
10
*90
84
64*-.
tO
12
347,120
12,307
2.900
300
91
84*4
43*2
34
35 34
118=8 119*4
7634
78*8
76*2
68
68
54
54
187e
7734
69
54 *4
69
-92*2
31
14
94
3134
10,830
18
1,400
75*2
77
5134
*92
105,519
1,794
6,025
95
53
2.300
500
14
900
523,
51
*88
55*2
89
86
84*2
45*4
»
20
'
'
60
»
90*2
86
45 5s
89*2
85*4
46*2
89
89
88*2
87%
85
46
86 7,
47
20
85*8
86*2
47
47*2
46 H
20
60
20
35
35
95 78
*25
97
97*4
363b
98%
26
28
122*2 122*2
64 a4 65
26
3434
35=4
97=8
99
25*2
25*2
33*2
98*2
23
35*2
99
26
64*2
64
61*4 64
64*2 65
Nashville Chattanooga & St. L
132*8 132 *4 132 34 133=8 132=8 133*2 1323a 133
New York Central * Hudson .. 131 ^ 13230 132*4 133
107
*105
*105
107
*105
107
*105
107
*105
107
-105
New York Elevated
35 7a 373a
37 =8 38
36 58 37 a4
3734 38%
37*2 38*4
37®$ 38*2
New York Lake Erie * West..
77
77
75
7334 7534
Do
77*2 77*2
75*2 76*4
763e 763b
75
pref.
170
172
171
170
-170
170*4 *170
New York New Haven & Hart. 170
25*4 26
25=4
26*8
2434 26
2534 26*4
2434 25*4
New York Ontario AWestern .
2534 26*4
21
21
Norfolk & Western
51
52
50*2 5034
50
50
Do
4934 50
50*4 51
pref
5034 52
34
35*4
34*2 35=8
34
34*2 35*4
343,
35
3434 36
357e
Northern Pacific
75:% 76*8
Do
75*2 763,
74*2 76
74=8 75=4
7434 7534
pref
7534 76*2
16 *2 16 78
16*2 16*2
16*2 17=8
17
1 6 :*4
Ohio Central
.*—
17 *2
17%
167s 17
3a
34 n8 3434
35*4 38=8
34 34 35=8
Ohio * Mississippi
3434 35
3434 35=8
pref
Do
98
98
67
69
Oregon & Trans-Continental...
Panama, Trust Co. certificates.
Evansville...
Philadelphia * Reading
Pittsburg Ft. Wayne & Chic..
Rensselaer* Saratoga
Rich.* Allegli., stock trust ctfs.
Richmond & Danville
Richmond * West Point
Rochester * Pittsburg
Rome Watertown * Ogdensb’g
fit. Louis Alton * Terre Haute.
Do
pref.
8t. Louis & San Francisco
Do
pref.
Do
1st pref.
St. Paul & Duluth
Peoria Decatur*
.
..
23*2
120
108
34*4
18*2 *17
69
69*2
69*4
190
31
32
31
SI**!
31% *
69
61*2
59*4 61
583s 60*4
*134
135*2 *134*2 137
-xl32%
23*4
121
108
35%
28
29*2
74
38
50
90
74
33
50 a4
90
St. Paul Minneap. * Manitoba.
Texas & Pacific
& Burlington
Virginia Midland
Wauasli St. Louis * Pacific
..
,
23*2
121
110
3i>
*17
68
190
30
21*8
126
115
3.)'*8
23*2
134
115
35
39*2
52
36*8
pref.
MISCELLANEOUS.
75
42**8
17
1143s
"34*8'3478
593s
603.
62
62
44
Oregon Railway & Nav. Co
Pacific Mail
Pullman Palace Car
Sutro Tunnel
West.Union Tel., ex-certificates
EXPRESS.
Adams,
42*2
10634 107
135
135*4
40 =8 42
127
125
$83*4
140
*92
74
85*4
140
93
74
127*3 127*2
Consolidation Coal
Homestake Mining
Little Pittsburg Mining
*28
30
17
Ontario Silver Mining
Pennsylvania Coal
Quicksilver Mining
*11
12*2
pref
Standard Consol. Mining
Do
Cameron Coal
Central Arizona Mining
Dead wood Mining
Excelsior Mining
New Central Coal
Robinson Mining
Silver Cliff Mining
torment Mining
39*2
52*8
40
53
39*2
52''a
133*2
36*2
40
40
52*2
54
29*2 29*2
71*2 76
120*2 121*2
122
II934 123
42
43**8
120
114*' 115*8
113=8 114*2
4178
45*8
34*4
59*4
35*2
60 3*
33=8
58*4
" 3 4%
62
42 34
62
595a
45%
46=e
ii*4% i'15
43*4 44
105*4 106*2
137
41%
31*4
140
93
*73
128
137
42**s
85
140
93
75
128
17%
30
18%
1=8
1=8
30
32
61
136
59
133
28%
*68
40
28*2
41
53=4^54*2
74
120
90
74
120
44=4
46*8
14
14
1137a 114=4
35*4
112*8 1137e
61
62*2
59=8
61*8
36=4
63
34*8
59*4
35%
61*2
61
43
61
45
50
60
45
50
60
48
60
60
47 =8
45*2
105*8 10638 105*4 105%
105=4 105=4
4134 42
126:% 1263s
85*4
84
42*4
127
8534
43*4
127*2
87*2
42%
128
86*a
146
143*2 143*2 *141
144
94
94
-93
*92*2 93
*75
74*2
74*2
75
*73*2
127
127
Q28
*127
130
30
*17
30
*30
*27*2
18%
*l=g
1734
*1=4
1%
133*2 133%
136
43%
128*2
87*4
145
94
76
130
4178 42 78
127*4 128
34
34
35
35%
*11*4
12*2
58
*57
59
57
57
15*2
*15*4
15*2
15*4
15*2
%
*4
35%
Mar.
74
133
70
Mar.
76
131
30
18*2
52 ;(s Mar.
83
Feb.
10
Feb.
16% Mar.
8
Feb.
90
Mar.
76
Mar.
Mar.
61
20
Mar.
27 % Mar.
49 %
16
65
61
44
25
10
58
*15
*6
*1*2
Q6
*3
....
7
2
18
3*4
*6
*1=8
*16
*3
*11*2
7
2*2
19
3%
12*2
225
100
22
104
34
67
168
20
15
60
190
25 %
51%
133 %
135
17
31
60
38
18,980
8,679 102=4
20
37
1,195 128
38
32,720
2,425 122
1,200
%
200
300
200
*11*2
12*a
*11*2
12*2
55
55
57
700
15*4
15=8
57
*15
15%
725
*a4
*c
'8
*1=8
16
178
16
J
16
*3
77'
1 Vs
3*4
Feb. 28
15% Jan. 16
3
9 % Jan.
82 =8 J an. 18
8
92 ° Feb.
Jan. 16
90
34
76%
■306
100
24
15
93
7734 126
6
41
84% 120%
04%
Feb.
Mar.
Mar.
Feb.
Jan.
Mar.
Mar.
Feb.
Mar.
25=8 Jan. 14
38=s Mar. 23
Feb.
Feb. 13
23% Jan. 16
3
75
J&u.
195
Jan.
6
37=4 Jan. 14
67% Jan. 7
137
Mar. 17
140
Jan 17
Jan.
5
40
Feb.
250
7
Feb, 15
263
36% Mar. 22
26
Mar. 17
43=4 Jan. 16
02
Jan. 16
46 78 Jan. 25
66*2 Jan. 26
106% Jan. 17
30=4 Feb. 8
77
Mar. 24
123
Mar. 20
51=8 Jan. 14
17% Jan. 7
119=4 Jan. 16
62% Mar, 24
38% Jan. 14
71=8 Jan. 14
100
Mar.
Feb.
Jan.
Jan.
M ar.
Mar.
Feb.
Feb.
Mar.
Mar.
Mar.
Feb.
Jan.
60
65
48
109
Jan.
Feb.
Mar.
Mar.
Mai*.
Jan.
Feb.
Feb.
Feb.
Mar.
21
18
64
190
27%
50
127
130
35
99%
122
22
22
39
85
39
55
90
26
54
Feb. 14
88% Mar. 24
36 % Jan. 16
19=4 Feb. 4
2
Jan. 14
15=8 Jan. 17
1 % Mar. 1
2% Jan. 25
Jan. 25
Jan.
Jan.
Jan.
14% Jan.
62% Jan.
1734 Jan.
Jan.
37
1=8 Jan.
26
35
Jan. 17 245
11% Feb. 27
Mar. 23
Jan. 11
Mar. 3
34 Mar. 21
5
Jan
5
% J an. 17
6=4 Feb.
1*4 Mar.
Mar. 14
20
4
9
2
6
.
2 =4
$ Lowest price is
20
23
16
14
19
4
12
4
3
2
gi
Jan.
Jan. 28
5
Jan.
1% Feb.
37%
37%
83
200
57%
74=4
142
146
80
171
174%.
50
50%
77%
143=4
55
81%
115%
42%
89%
70
88% 113%
41% 73%
38
15
105% 131%
Feb. 20
Mar. 23
*2 Feb. 20
49% Jan. 10
140
Jan. 19
45% Feb. 3
145
Jan. 18
3
1
Jan.
29% Mar. 11
2% Jan.
70%
114%
60
9734 126
Mar. 15 149% Jan. 10
90
Feb. 18 97% Feb. 25
72% Mar. 8 80% Jan. 26
125
Feb. 24 130% Jan.
5
16
30%
35
139
55
14
30
"59 %
9
35»4 Jan. 21 18% 39%
131
124
Mar. 1 118
102
87% Jan. 14 63
135% Jan. 14 130*4 155
109% Jan. 27 96
130%
43% Jan. 14 393. 52%.
85
Jan. 14 80% 96%
172
Feb. 4 164% 190
28=a Jan. 14 25% 43%
24
Feb. 27 23% 26%
70
58=4 Jan. 11 53
37% Jan. 14 32 34 51
77% Jan. 14 64% 88%
Feb.
15% Mar. 6
33
Jan. 16
*400
18
Jan. 16
42
Jan. 11 .23
Jan. 11
61
62%
39=8 Jan. 14 34 7,
104% Jan. 28 85
52
21
Mar.
Feb.
2
Mar.
1 % Feb.
t Ex 25 per cent new stock.
98% Jan. 28
7934 Feb.
26
68
2
*6%
1 =8
124 %
136
2 131% 147%
145
Feb.
135
Jan. 13 129
148%
1
S4
Feb.
40
88
39% Mar. 22 33% 51
22
91
106=4 Mar.
109%
57 % J an. 14
41% 68%
84
Jan. 14
81
101%
137 % Jan. 21 127*4 142
104
Feb. 2 82
95%
2178 Jan. 7 18 34 32%
131
128% Feb. 3 107
74=8 Jan. 20 66
113%
9
84
Jan.
76% 88
16
Jan. 14 13
21
26 % Jan. 18 23
33
16
Jan. 18
1 110
Feb. 8 44 34 350
9
111 % J an.
94
121
86
J an. 14 63
106
137% Feb. 3 124
146%
14
48 78 Jan.
38% 57%
19
Mar. 23 14
30%
49
Jan. 19 41
56
37% Jan. 14 32
65=4
119% Mar. 24 112=, 135%
63
52 % Feb. 11 44
18 7* Mar. 23 16% 38
100=4 Jan. 3 79
110%
9
50
75
Jan.
117%
11
15 -4 59%
60% Feb.
217s Mar.
600
35*4
6%
Feb.
Mar.
Mar.
Jan.
Mar.
Mar.
Mar.
Jan
1143^
41=4 Mar.
600
19
8
Mar.
Mar.
135 %
138
13,440 108% Jan.
241,313
34=8 Mar.
10% Feb.
1,400
54,175 109=4 Mur.
Mar.
4,530 43
87,670
27 7e Feb.
110,694
54% Feb.
*35
„
Feb.
%
3734
26=4
6
46
84
78 7« Mar.
240
*11*2
Feb.
34% Mar.
43
Mar.
*16
*35
35*2
Jan.
Mar.
700
325
217
300
315
*1=4
19
*17
*35
44
1,666
2,775
100
144*2 144*2
93*2 94
30
*17*2
Mar.
110
100
24 % J an.
20
Jan.
20 % Mar.
60
Mar.
239,587
*129
18
2
4,300
6,110
8,785
32,500
88*2
86=4
*75
32
300
76*2 77.
115*2 121
43*2 45=8
35=8
135
200
4,545
422
3634
623s
Mar.
29=4 Feb.
97% Feb.
.
2,075
40*8
53*2
93
68
"
27*2
72
40%
53*2
93
27*2
Jan.
136% Jail.
6,950 44%
19,995
28=4
132,414)
66=4
7,187 f 15%
27
6,550
240
90=4
18,550
60
137
400
63,325
50
136
310
23,455
60
*68
72
7s
145,488
1,246
32
34*2
119% Jan.
124
94
26
54
Mar.
5,200
58,171 128% Jan.
58=s
136*2 136*2
36*4
Feb.
86
19 % Mar.
Mar.
28
21
M ar.
127*0 Mar.
127% Mar.
104*o Jan.
119=4 Mar.
31
24*2 24*2
23
23
135
137=41 135 138
135
139 | 132*2 139
35%
37 %
97%
472
106
....
126*8 127
83 7s
43
10434 105*2
68%
49
43
34 78
These are the prices hid aud asked—no sale was made at the Board.
24*2
135
20
29 7a Mar.
74% Mar.
26=8 Mar.
87% Mar.
*1
*15
*35
Maryland Coal
61
<135
90
*38
Wells, Fargo & Co
COAL AND MINING.
Mariposa Land & Mining
3 2*%
17
67
193
193
72
*69
19
*17
69*4
..
Canton Company
Colorado Coal & Iron
Delaware & Hudson Canal
New York & Texas Land
American
United States
40**8
16*2
11934
24
133
125
36
20
28*’ '28*2 "‘2834 "29%
'29**8 *2934
-73
23*2
135*2
120
*
—
American District Telegraph
118
113
Do
*
63*2
pref
Do
Toledo Delplios
Union Pacific
29*2
60*4
100
100
17*2 17*2
70%
85 %
56%
143,220
130,775
1,300
...
Ohio Southern
Jan.
Feb.
Feb.
Feb.
19
59
60
60
333a
6,600
1,050
44,005
2,000
88*2
89*2
60
80
44
15
21
High
Mar. 21 120
185
25
30
Feb. 4 45
71%
Feb. 2 69
90
Jan. 16 50
90
Jan.
7
16
40%
Jan. 4 31
45
Feb. 20 82% 112
Jan. 14 80% 102 %
Jan.
7 20 a4 33 7,
Jan. 14 32 34 48%
Jan. 14 23
36%
Feb. 8 127 « 156
Jan. 27 133% 182%
Mar. 20 101% 129%
Mar. 20 11634 140
2 117
Feb.
136
32% Jan. 18
92
317e
135
Jan.
Low.
32% Jan.
165,830 103
18
317s
130
8,305
3.300
3,353 127=4 Jan.
36
Mar.
3,072
1,400
13% Feb.
on
13534 136
Highest.
Lowest.
14,508
9*4 Feb.
90,760 116% Mar.
1
19*4
10=4
41
400
754
1,200
12134 122=4
61=8
For
Range Since Jan. 1, 1882. Year Full
1881.
4,225 129
400
18
13
90*2
>22*2
*»3
12
*19
18
94
3134
84*2
76
78
17
53*2
*92*2
31*2
13
83*4
7s 132 7a *132*2 1327a
-S3
3534
118*2
53=8
23
80
3334
533a
85*2
92*4
132
*73
78
3934
10558 106=4
82*2
91*2
1313.4 133
140*4 140%
133*
141*2 141*
132 7b 133
20
33 >2
63
26
114*%
20
33
76 7p
52%
20%
13334 i’3334
11234 114:%
132 34
13
68
2578
114
15**4
5:->7e
$96*2
33% 33*2
*23*2 25
132*4 132
133*2 134
15*2
17
32*2
64
51
300
23
15*4
117*2 11738 11734
51*2
34 78
98*4
26
9238
40
53
33*2
917s
22 7s
40
67
33*4
9734
85
91
84 *2
68*4
94
50
34
* li
75*2
13
8
53
89
84 7g
90
*90
8334
51*2
20
*
78*2
%
*92*2
31*2
32
Do
Missouri Pacific
Mobile & Ohio
Morris * Essex
34 *-2
76*8
31
Marietta & cL'dnnati, 1st pref
Do
2d pref.
Memphis & Charleston
33*4
764
1134
*19
91
85
71
41
15
75*4
83
11
51*2
20 34
82*2
136
120*4 12134
57% 59
*82
20
137
50
20
*3 2
*78*2
'
40*2
15
51 *2
17
53*2
"91 *2
25
83
10 34
“l2*4
130
135
50
60 :*s
136 *b
116=8 117
Long Island
Louisiana & Missouri River..
Louisville * Nashville
Louisville New Albany & Chic.
32*2
Sales of
the Week,
Shares.
-82*2
23
1237s 12 3 78
132 34 3 33 *4
141
141*2
132*2 133
73
*75
38
39 3s
105
106*4
120=8 122**4
o0 =
1.0
59
80*2
50
131*2 131*2
132 34 133
113*2 114*4
81
It)
March 24.
65
80
79*2 79*2 *..
13 f *2 134*2 *134*2 136
79*2
136
135
34*2
86*4
23 *«
34
34
*23*2 25
132
132
133
133*2
79
79
3(» *6 38**8
103
105^
79*2
*33
83%
20
Friday,
Thursday,
March 23.
64
65
80*2
49*2
49*4
86
*130
135
65
80
50 =s
20 78
65
80
85
50*2
21
33
131*4
133H?
131
132
*85
Dubuque A Sioux City
Green Bay Win. & St.
Hannibal & St. Joseph
-80
SB.
March
135
*130
18
33
84 *2
pref
1st
Do
Do
a
Wednosday,
March 22.
Tuesda;
Monda:
Saturday
March 18
PRICES.
LOWEST
AND
6
ex-dividend.
March
THE
25, 1S82.)
339
CHRONICLE.
quotations of state and railroad bonds and miscellaneous securities.
BONDS.
STATE
AcSa73 to 5.1906.
GUas A, 2 to 5, small....
gSslj'Ss
1906
01*88 C, 4s, 1900
68,10-208, 1900
A0s
funded, 1899-1900...
7s’ L. Rock A Ft. S. 188.
7a,’ Memo. A L.Rock RR
7* L.K.P.B.4N.O.KK
78, Miss. O. A R. R-RR.
7«.
Arkansas
82
95
Missouri—
Ojorgia-Os, 1886
7s. new, 1880—7a, endorsed, 1886
7»: gold, 1890
Louisiana--
6s,
6s,
6s,
6s,
6s,
25
21
28
20
20
28
H
66
6s,
6s,
6s,
6s,
6s,
6s,
due
due
due
due
due
gold, reg., 1887
gold, coup., 1887
loan, 1883
loan, 1891
loan, 1892
loan, 1893
Ask.
114
116
Do
A. AO
Chatham RR.
1064
106 Hi
105
coup, off, J.AJ.
coup, off, A. AO.
Funding act, 1866-1900.
1868-1898.
Do
bonds, J.AJ., ’92-8
Special tax, class 1, ’98-9
Do
Do
Consol. 4s,
class 2
class 3
District of Columbia—
1910
365s, 1924
80
Small
Ohio—
..
6s, 1886
BONDS
-
114
•
72
Ala. Central—1st, 6s, 1918
Atcli. T. A S. Fe—44.1920
Atl’c A Pac.—1st,6s, 1910
96
188
Divisional 5a, 1930
95
98
Eliz.C.AN.—S.F.,deb.c.6s
1 Ht niort*'a,orf>
1020
Balt.&O.—1st, 6s, Prk.Br. U10
50
51H2 Eliz.Lex. A Big S’y.—6s...
Boat. H. A E.—1st mort..
9 a 34 100
Erie—1st
mort., extended.
Bur. Ced. R. A No.—1st, 5s
Minn. A St. L.—lst.7a.gn
U05
3d
mort.
7s 1883
Iowa C. A West.—1st, 7s
105
4tli mort., ext’d, 5s, 1920
C.Rap.Ia.F.A N.—1st,6s 110 113
5th mort., ext., 7s, 1888.
Central Iowa— 1st, 7s,’99
106
1st,consol., gold, 7s,1920
Char. Col. A Aug. —1st, 7s
110
Long Dock bonds,7s, ’93
Cheaap. A O. -Pur. in’v fd.
103
Buft.N.Y.AE.—lst.1916
6s, gold, aeries A, 1908.
90
95
4-
Mortgagees, 1911
■Chicago A Alton—1st in..
7s, 1883
Sinking fund, 6s, 1903..
Joliet* Chicago—1st in.
La. & Mo.—1 st m., guar.
2d mort., 7s, 1900
•St. L. Jack. A Ch.—1st m
1st, guar. (564), 7s, ’94
2dm. (360), 7s. 1898..
2d, guar. (138), 7s, ’98.
Misa.K.Br’ge—lst.a.f. 6s
C. B.&Q.—8p.c., 1st in..'83
Consol mort., 7s, 1903..
5a, sinking fund, 1901..
Iowa Div.—S. F.,5s,l 919
Iowa Div.—S.F.,4s,1919
C. R.I.A P.-6s,coup.,1917
6a, 1917, registered
Keo.A Des M.—1st, g.,5s
Central of N.J.—1st in.,’90
1st consol., assented, ’99
Conv., assented, 1902...
Adjustment, 7s, 1903...
Leh.AW B.-Con.g’d.as.
Am. D’k A Im.—5s, 1921
C.M.&St. P.—lat,8s,P.D.
2dm., 7 3-10, P. D., 1898
1st m.,7a, $ g., R.D.,1902
1st m., LaC. Div., 1893..
letm., I. A M., 1897....
iBtm., I. A D., 1899
...
1st in., C. A M., 1903
Consol. 7s, 1905
2d mort., 7s, 1884
81
79-4
47
lol
119
103
114
99 4
lBt,7s, I.A D. Ext.,1908
S.W. Div., 1st, 6s, 1909.
1st, 5s, La.A Dav., 1910.
1st S. Minn.Div.,6s,1910
lstm., H. A D., 7s, 1910
Ch.A Pac. Div., 6s, 1910
1st Chic. A P.W.,5s,1921
Mln’l Pt. Div., 5s, 1910.
C.& N.west.—S.f, 7s, 1885
Interest bonds, 7s, 1883
Consol, bonds, 7s, 1915..
Extension bonds, 7s, ’85
1st mort., 7s, 1885
Coupon gold, 7s, 1902...
Reg., gold, 7s, 1902
■Sinking fund, 6s, 1929..
Sinking fund, leg..
Sinking fund. 5s, 1929..
11534
I
115
•120
115
j
*88
*128
*127
104 Hr 105
116 Ha
114;i8 i 14 Hi
115 4 1157i,
105 5g IO534
104
1044
120
117 4
117 Ha
consol., 7s, 1910
Denv.8o.P,AP^c--;sT~7K
‘Prices nominal.
118
itlll/il
OliUl U
•
••••••
84
kj
86
1084
*1074
110 4
1154
93
T)p)t, M
Pincnr,
T
I at.
......
121
101
*109
1 af
1143; 115
vUlloUL y
107 Ha
vUUp#
J
loll.)
.....
......
uairo Div.—5s, 1931.
Wabash—Mort. 7s of ’09
Tol. A W.—1st, ext., 7s
97
110
”86"
90
100
105
102
115
114
109 4 112
*103 4 )
IO534
1114
10434
115 4 ho
115 4 1164
Cn AW
1st. 6<j
So.—Gen.,7s, 1909
Mo. Pac.—1st
consol., 6s
3d mortgage, 7s, 1906.
T, AS V
9(1
Ha
#•!"
A
103
no
*1064 109
ibo
100
89 4
92
90
107
133
107
a.
Ur
fta
1U1U
Spring Val. W.W.—1st, 6s
Oregon RR.ANav.—1st,6s
106 4 107
INCOME BONDS.
(Interest p<i\iahle if earned.)
Ala. Cent.—Inc. 6s, 1918.
Atl. A Pac.—Inc., 1910..
Central of N. J.—1908
m
1
i‘22 7s
105 Ha
115
116
1174 119
114
115
3 21
120
125
Trust Co. certificates...
Int. A Gt. North.—2d Inc.
2d assented, 6s, 1909....
•
.....
524
514
•
30
60
;80
*85
Lehigh A W.B.Coal-1888
Lake E. AW.—Inc. 7s. ’99
......
......
58
*55
*49
Sand’ky Div.—Inc., 1920
85
Laf. Bl. AMun.—Inc.7s, ’99 *
Mil. L. S. A W.—Incomes.
Mob. A 0.—1st pref.debeu.
2d pref. debentures
3d pref. debentures
T
*
4th*pref. debentures
82
52
55
51
......
394
38
32
30
.....•
65
...
46
48
...
......
f And accrued interest.
464
*2
50
......
974
......
80
......
...
......
..
.
....
.
.....
......
-....*
......
......
.
......
•
.
.
.
•
60
*
20
23
22
......
•.••••
......
......
...
•.
.....
•
^
a
..
135
112 Hi 114
103
103 if
n:3
104 '
95
......
......
......
1
120
122
105
114
75
.....
......
......
113
124
......
......
......
120
134
102
95
......
....
112
102
103
92
.
np
120
120
105
.....
125 Ha
i‘0'6
i
......
......
.....
*iii7s
1124
100
1214
St. Chas. Br.—1st, 6s..
120
No. Missouri—1st, 7s.
1I&
West. U. Tel.—1900, coup.
118
1900, reg
X.W. Telegraph—7 s, 1904 *
Equipment, 7s, 1895..
Consol., reg., 1st. 7s... 124
N.Y.LakeE.AW.—Inc.Os.
125
So. Pacific of Mo.—lstm 104 4 105
Consol.’ coup., 2d, 7s.. 123
N. Y. P. A O.—1 stinc.ac.5-7
123
125
Tex.
A Pac.—1st,6s, 1905 104
Consol., reg., 2d, 7s
Ohio Cent.—Income, 1920
Louisv..A N.—Cons,7s,’98 1214 123
Consol., 6s, 1905
06 •’4
Min’l Div.—Inc.7s, 1921
Income A I’d gr., reg.
2d mort., 7s. gold, 1883. 103
107
1st.Rio G.Div.,Os,1930
824 82 v Ohio So.—2d Inc., 6s,1921
Ceciliau Br’cli—7s, 1907
92
Ogdensb. A L. C.—1 uc. 19 2 0
Pennsylvania RR—
N.O.&Mob.—1st,6a,1930
Peoria D. A Ev.—Incomes
*94
*96
Pa. Co's guar. 4 4s 1st c.
E. H. A N.—1st, 6s, 1919
98
Evansv. Div.—Inc.,1920
96
*
4
Registered, 1921
Gen’l mort., 6s, 1930..
Koch. A Pitts.—Inc., 1921
1014' Pitt.C. ASt.L.—1st c.,7s
Pensacola Div—6s, 1920
S. Caro.R’y.— Inc.,6s,1931
1st reg., 7s, 1900
St. L. I)iv.—1st. 6s, 1921 1033* 105
St. Louis I. Mt. A So.—
51
2d mort., 3s, 1980
2d, 7s, 1913
138
1st, 7s, pret.. mt accum.
Pitts. Ft. W. A Ch.—1st 111 137
Nashv. A Dec.—1st, 7s. *115
132 4
102
2d, 6s, int. aeo’mulative
2d mort., 7s, 1912
S.A N.Ala.—S.f.,68,1910
133
St'gi. AR’y-Ser. B.,iuc.’94
3d mort, 7s, 1912
Leban’n-Knox.—6s,1931 1014
Plain Income 6s, 1890..
127
L’isv.Cin. A L.—6s,. 1931
Clev.APittsb.—Cons.,s.f 125
109
Sterling Mtn. R’y Inc.,’95
4th mort., 6s, 1892
L. Erie A W.—1st, 6s, 1919 102 4 104
St.L.A.AT. 11.—Div. b’nds
150
100
Col. Ch. AI. C.—1st, cons t
Sandusky Div., 6s, 1919. *
Tol. Del.A B.—Inc.6s,1910
2d con., 7s, 1909
Laf. Bl.A M.—1st, 6s, 1919 102 4 103
118
Dayton Div.—6s, 1910..
1st, Tr’t Co. ctfs., ass’d
Louisv.N.Alb.AC.—1st,6s 102 4 10234
Tex. ASt.L.—L.g.,inc.l920
85
86
2d, Tr’t Co. ctfs., ass’d
Manhat.B’cli Co.—7s,1899
120
1st,Tr’t Co.ctfs.,suppl. no
N.Y.A M.B’h—1st,7s,’97
St.L. V.AT.H.—1st,g.,78
Marietta A Cin.—1st, 7s..
Miscellaneous List.
100
2d mort., 7s, 1898
1 qt innrt Rtfirlinof
(Broker's Quotations.)
103
2d 111.. guar., 78, 1898.
1014
Metrop’lit’u El.—1st,1908 101
96
Va. State—Now 10-40s...
92
95
2d mort., 6s, 1899
Pits.B’d.AB.—lst.6s,1911 *
88
85
Rome W.AOg.—Con., 1st.
Atl. A Gulf—Consol.7s,’97
Mji'li front.—Coil.,7s, 1902 126 4
Trust Co certificates
89
1 <at lnrirt
1 S82 s f
\t,l.A Charlotte—1st, 7s..
*1043s
Rocli.A Pitt.—1st,6s,1921
1004 101
Income, 6s
93 4
93
Stock
108
Rich. A All’g.—1st,7s, 1920
6s 1909
98 4 100
Car. Central—1st, 6s, 1923
94
96
Rich.ADauv.—Cons.g., 6s.
Cnnpnn, 5s, 1931
94
Atl. ACli.—1st, p.,7s7l897 no
Cent. Ga.—Consol, in., 7s.
96
Registered, 5s, 1931....
Stock
Inc., 1900
Chic.St.L.AN.O—5s, 19 51
92
Scioto Val.—1st, cons., 7s.
Mil. ANo.—1st,4-5-6s, 1910
116
Cin.Ind.St.
L.A C.—1st,6s
St. Louis A I. Mount.—1st 1154
100
Mil. L.S.AW.—1st 6s,1921
2d innrt., 7s 1H07
107 4 108 4 Galv.II.A Hen.—7s,g.,’71
115
1154
Arkansas Br.—1st mort. IO734 109
Georgia Railroad—7a
Jnwn, Ex.—1st, 7s, 1909. 1113^
6s. 7
Cairo A Fultou—1st m.. 1074 108
Kansas A Neb.—1st mort..
Cairo Ark. A T.—1st in. 1064 108
S’thw. Ex.—1st, 7s,1910 108
82 4
2d mort
98
(ien.c.r’yA l.g.,ns, 1031
80 V St.L. Alton A T.H.—1st 111. 116
80
Long Island—1st mort.. .
Mo. K. A T.—Gen.,con., 6s
2d mort., pref., 7s, 1894. 10534 i0578 Memph.AChar.—1st,cons.
105
Cons., assented, 1904-6.
2d mort., income, 7s, ’94
*99
1st, consol., Tenn. lien..
68
67
2d mort., income, 1911..
118 4 N. O. A Jackson—1st, 8s.
BellevilleAS.Ill.—lstm.
H. A Cent. Mo.—1st,’90.
109
Certificate,
2d mort., 8s.
1094
St.P.Minn.A
Man.—1st,7s
Mobile A O.—New in., 6s.
1124
X.Y.AG’nw’d L.—1st,7s,u
2d mort., 6s, 1909
1073.,
Collat. Trust, 6s, 1892.
I
Dtikoto*
1064 107 j
—0S) 1010
Morgan’s La.ATe.x,lst,6s
100
Northeast., S.C.—lstm. ,8s
Nash.Chat. A St.L—1st, 7s iYs” 1154 St. P. & Pul.—1st,5s, 1031
2d mort., 8s
99 4 i'02
So. Car’a R’v—1st,6s, 1920
2d, 6s, 1901
St. Joseph A Pac.—1st m.
90
103 4
2d, 6s, 1921
N. Y. Central—6s, 1883
2d mort
108 4
Tex.Cen.—lst,s.f.,7s, 1909 i’0’7
6s, 1887
St. Jos. A West’n—Stock.
90
Tol. Del. A Bur.—Main. 6s
103
6s, real estate, 1883
!
1
103
1st, Dayt. Div., 6s, 1910
Western, N. C.—1st, 7s...
N.’y. C. A H.—lstm.,cp. 133 134 1 1st, Ter’l trust, 6s, 1910
......
60
102
110
104
•f
.......
......
......
106
112
......
95
105
100
104
110 4
?
105**
...
...
107 Hr
105 Hs
132
105
107 4
125
80
100
112
...
108
......
......
......
Oiu.Div.—1st mort., 7s
1254
I O
1921..
11131*
96
103
3-6s, class C, 1006
3-6.s, class B, 1006
120
Iowa
......
St
120
7« 1 00ft
I04i4
*90
84
97
86
......
Utah
ili 4
Div.—6s, 1921
Ind’polis Div.—6s, 1921.
80
84
85
95
83
Chic.St.L.AN.O.—2d,1907 *100
53
Col. Chic. AI.C.—Inc.7s,’90
1184 Cent. Ia.—Coup.deb.certs. t
Sinking funds, 8s, ’93
118
Chic.St. P. AM.—L.g.mo.Os
4
Registered 8s, 1893...
Chic. A E. Ill.—Inc., 1907
Collateral trust, 6s
Des MAFt.D.—1st,Inc.,6s
*110
Kans. Pac.—1st, 6s,’95
no
Det. Mack. A Marq.—Inc.
*52
1st 111., 6s, 1896
Den. Div.,6s,ass’d,’99
1084 109 4 E.T. Va. AG.—Inc.,6s,1931
Eliz.C.ANo.—2dluc.,1970
1st cons., 6s, 1919... 103
G’ BavW.ASt.P.—2d,Inc.
Cent. Br. U. Pac.—1st,6s flOO
Ind.Bl.A West.—Inc., 1919
*100
98
59
96
Ind sDec.ASpr’d—2d me.
Atch.C.AP.~lst,6s,1905
At, .Taw
•
New bonds, 7s, 1886..
Cleve. P. A Ash.-7a
W
91
78
1064 !08
'1I8H2
105
92
104
.
Tol.P.AW.—1st, 78.1917
110
HI iivi ml
So. Pac, of Cal.—list, 6s.
Union Pacific—1st niort.
Land grants, 7s, ’87-9.
......
Mich. So. A N.I. a.fd. 7a
120
Cal,A Oregon—1st in..
State Aid bonds,7s,’84
*50
100 H»
122
121
......
M., 6s, 1921.
Oregon ACal.—1st, 6s, 192 i
Panama— S. F. sub.6s, 1897
j Peoria Dec. A Ev.—1st, 6s
Evans. Div.,1st, 6s. 1920
Pac. RRs.—c. Pac.—G.,6s.
San Joaquin Branch..
Vrg. Mid.—M.inc.,6s, 1927
W. St. L. A P.—Gen. in., 6s
Chic. Div.—5s, 1910
Hav. Div.—6s, 1910
Han. A Naples—1st, 7s
St.L.K.C. AN.—R.e.,7s
9334
1184
110
117H*
Rens. A Sar.—1st,
coup.
Deny.
A RioGr.— 1st,1900
aSL
123
registered
1st, St. L. Div., 7s,1889 1043b
103
2d mort.,ext., 7s, ’93..
Equipm’t bonds,7 8, ’83
Consol., conv., 7s,1907 *100
Gt, West.—1st, 7s. ’88.
2d mort., 7s. 1893
Q. A T.—1st, 7s, 1890. 1024
95
Ill AS I
1st 7s, 1882
101
87 4 89
103
101
f.
Ohio So.—1st
Kent’ky Cen.—M.,6s.l911
laulvU
*115
T.
98 4
1 01 ^
Indianap.D ASpr.—l8t,7s
2d, 5s, 1911
Int.AGt.No.—1st, 6s gold
.....•
Reg., 7s, 1917
A Susq.—1st
m., 7s 1134
2d mort., 7s, 1885
109
1st,cons., guar.7s,1906 *126
1st mort., reg., 1921
s.
109
......
H74
Green.-ist.Gs.lOlG
1st mort., 7s, 1891
Ohio A Miss.—Consol,
106
......
......
2d, 6a, 1926
BeL L. A W.—7a, conv. ’92
Mort. 7a, 1907
1st mort., ext,, 7s, 1891.
1st mort,, coup., 7s, ’94.
1st mort,, reg., 7s, ’94...
let, Pa. Div., cp.,7s,1917
......
Pac.—G.l.gr.,lst con.Gs
Registered 6s, 1921
N. O. Pac.—1st, 6s,g.,1920
Norf. A W.—G.l.m., 6s, 1931
Ohio Cent.—1st, 6s, 1920.
1st in., Ter’l Tr., Os, 1920
.....
97
132
St.P.AS.C.—1st, 68,1919
Chic.A E.I11.—lat,a.f.,cur.
Del.AH.c.—lstm.,7 s, 1884
fta
“NT
small
Detroit Div.—6s,
X.
95
115
104
......
.
7s of 1871-1901
Warn
65
6s, 1 OOii
112
1 QO
101
*100
Gen. mort., 6s, 1921
107
Hous.E.A W.Tex.—1st, 7s *100
111.Cent.—Dub.A S. C.,lat
Dub. A S. C., 2d Div., 7a
Ced. F. A Minn.—1st m. 112
Ind.Bl.A W.—1st, pref.,7s
92
1st mort., 3-4-5-6s, 3909
84
75
2d mort., 3-4 5-6s, 1909.
103 4
1.28 4
......
Bonds, 7s, 1900
90
2d, consol., main line, 8s
2d
64
118
.....
125 4 12oJ4
117
1184
83
85
Gull Col. A S. Fe—7s, 1909 108
106
Hail. A St. Jos.—8s, conv. 105
106
Consolidated 6s. 1911... *104
Houston A Texas Cent.—
111-a 1124
1st mort., 1. gr.. 7s
IO734
1st mort., West. Div., 7s 107
115
1st mort., Waco A N., 7s 112
1
......
2d mort., 1891....
....
116
12«
2d mort., 7s, 1905
G. BavW. A St. P.—1st. 6s
......
....
m.
.
......
con’s.,
reg
...
Iowa Midl’nd—1st m., 8s i 20
j
Peninsular—1st in., conv. 120
123
•Chicago A Mil.—1st in.. *118
j
Winona A St. P.—1st in. 108 Hi 109 Ha
2d mort,, 7s, 1907
Mil.& Mad.—1st,6s,1905
C.C.C.A Iud’s—1st,7s,s. f. 1.25
126
Consol, mort., 7s, 1914.. 12.4
C St.L.AN.O.-Ten.lien,7s *116
letm., con., 7s, 1897.... *116 120
U. St. P.M. A O.—Cons., 6s 1007h 101
C.St.P.AM.—lst,Gs,1918 lllHa 112
No. Wise.—1st, 6s, 1930.
Essex—1st
-
......
Nevada Cent.—1st in., 6s.
126
126 4
118
123
93 3^
Buf A S W.
M * 8 1908
Ev. A T. H.-lat
6s
Fl’tAP. Marq.—M.6s,l921
114 Ha
Sinking fund,
-Sp.Bing.AN.Y.—1st,7s
Morris A
1 St 111.,
1073g 108
112
1st mort., 7s, reg.,1900
N. Y. Elev’d—1st 7s 1906
N.Y.Pa.AO.—Pr.l’n,6s,’95
N. Y.C.A N.—Gen.,6s,1910
90
125
11834
*103
...
9934
106V
104 4
N.Y.L.E. AW.-New2d,6
47 Ha
95
1264
......
6a, gold, ser. B, int. def.
6a, currency, int. def ...
74
Registered
Funding 5s, 1899
Do
Do
N. Y. Cent.—Continued—
1st mort., reg., 1903 .. *133
Ill
Huds. R.—7s, 2d, s. f.,’85 110
Canada So.—1 st, int. gu.
9334 94
133 4
Harlem—1st in., 7s, cp.. *132
...
«.
SECURITIES.
MISCELLANEOUS
AND
90
107 4
4
Small bonds
Ill
Rhode IslandOs, coupon, 1893-99
Det.Mack. A Marq.—Ist6s
Land grant 3 Has, S. A...
E.T Va AGa
IstTs 1900
Aak.
6s, Act Mar. 23,1869 >
non-fundable, 1888.. L
Brown consol’n 6a, 1895
Tennessee—6 s, old, 1892-8
6s, new, 1892-8-1900
j
6s, new sories, 1914
Virginia— 6s, old
6s, new, 1866
6s, new, 1807
6s, consol, bonds
0s, ex-matured coupon..
0s, consol., 2d series
6 s, deterred
A.AO
New
Bid.
SECURITIES.
South Carolinar—
60
Railroad Bonds.
(Stock Exchange Prices.)
Do
Do
Do
100
1064 107 Hi
109 4
1104 il2 "
1124
105
’87.
do
RAILROAD
Income
Bid.
SECURITIES.
old, J.AJ.
6s, old, A. AO
No. Carolina RR., J.AJ.
Do
New York—
105
107
108
110 Hi
108
117 Hi
Ask.
N. Carolinar-6s,
1882 or 1883
1886
1887
>
1888
1
1889 or 1890 ....!
Asyl’m or Univ., due’92;
Funding, 1894-’95
*
Hannibal A St. Jo.,’86.1
100
64 Hi
consol., 1914
small
82 Hi
Bid.
SECURITIES.
Michigan—
6s, 1883
7s, 1890
81^8
Cent. RR.
Connecticut—6s, 18b3-4..
7b,
7b,
Aak.
Bid.
securities.
......
* No price Friday—those are
latest quotations made tins woe.c.
42 34
*106
44
110
1074 1084
91
100
734 744
90
112
115
98
96
115
1x9
102
76
75
107
103
70
20
116
106
106
109
118
30
Q
120
120
7o
30
10
7o
104
80
J27
110
112
122
40
pq
85
35
14
82
107
THE CHRONICLE
340
New York Local Securities.
| VOL. XXXIV
({notations lit Boston, Philadelphia and Baltimore.
Insurance Stock List.
Hank £tock List,
Bid
SECURITIES.
[Quotations by E. S. Bailey, Broker,
Ask.
SECURITIES.
No. 7 Pine Street.]
Marked thus (*) are
not National.
Price.
Par.
IOO
100
100
25
25
100
100
25
100
25
100
100
700
100
25
25
100
100
100
100
30
50
75
100
Bowery
Broad wav
Butchers’ A Drov’rs’
Central
Chatham
Chemical
Citizens’
City
...
EmL River
Blevent'h Ward*
Fifth
Fifth Avenue*
Firet
Fourth
Fulton
Gallatin
German American*.
German Exchange*.
Germania*
ICO
25
100
100
50
CO
100
Greenwich*
Hanover
Imp. and Traders’...
Irving
Island City*
Leather Manut’trs’.
Manhattan*
Marine
Market
Mechanics’
Mechanics’ Assoc’n.
Mechanics’ & Tr’drs’
Mercantile
Merchants’
Merchants’ Kxch’ge
50
100
100
25
50
25
100
50
50
100
100
Metropolis*
Metropolitan
Murray Hill*
Nassau*
New York
New York Count y...
N. Y. Nat’l Kxch’ge.
Ninth
North America*
North River*
Oriental*
Pacific*
Park
People’s*
Produce*
Kppnhlle...
St. Nicholas
Seventh Ward
Second
Shoe and Leather.
Sixth
State of New York..
Third
Tradesmen’s
Union
United States
West Side*
.
.
Par.
Companies.
Bid. Ask.
America*
Am. Exchange
Oommerce
Continental
Corn Exchange*
Cam. A At
Price.
Companies.
100
100
100
100
100
100
70
30
25
50
100
25
20
50
100
100
100
100
100
100
100
100
40
50
100
100
155
50
100
A mMrie.an
....
125%
American Exchange
25
m
250
126
....
Pit
•
.
•
•
•
.
.
•
•
•
...
.
t
.
.
t
717%
100
v
viiy
Clinton
Columbia
Commercial
Continental
•
,,,,
147
25
17
20
70
100
30
50
100
40
100
30
50
17
10
100
100
50
50
25
Brooklyn
Oil izens’
Empire City
Exchange
....
%
....
•
....
.
.
.
•
•
•
•
•
Firemeu’s
Franklin A
124
.
Germania
Globe..
Greenwich
Guardian
Hamilton
Hanover
llotfman
....
.
P3
00
.
03
....
....
....
133
•
•
•
Emp....
German-American..
....
...
.
•
100
15
50
50
100
„
200
»
132%
50
50
100
30
20
40
50
100
25
50
25
100
100
25
50
Howard
Importers’ A Tr’d’rs
....
....
•
.v
1J5
•
Jefferson
*
144
Kings Count y (Bkn.)
Knickerbocker
151
05
08
Lrifiiyette (Rr'klynl.
io2
120
i2‘i
130
132
.
.
....
....
....
•
•
143
ii;3
....
.
Merchants’
Montauk (Brooklyn)
Nassau (Brooklyn)..
National
New York Equitable
New York Fire
New York A Boston.
New York City
144
•
•
•
....
....
....
140
150
157
.
Manufac’rs’A Build.
Manhattan
Mecb. A Traders’...
Mechanics’ (B’alyn).
....
.
•
.
.
#
.
110
i35
....
...
....
....
1
I
120
.
.
•
•
•
•
•
•
•
•
....
....
150
....
....
•
.
Republic
Rutgers’
100
..
Westchester
•
Williamsburg City..
....
.
.
90
225
220
85
1(0
117
85
105
HO
193
150
120
270
05
120
145
15
145
100
80
0 1
143
201
55
112
70
70
100
00
105
-r*
•
130
UO
r
T
r.fl
1 m
r>o
70
75
140
115
75
55
100
25
50
100
100
25
25
25
10
50
Tradesmen’s
United States
.
•
,
50
25
25
100
20
50
Sterling
Stuyvesant
•
....
.
35
100
100
Standard
Star
....
•
37%
Rplief
1
IfO
no
210
L5
103
100
125
150
CO
uo
235
210
00
125
92
112
120
lviH
100
125
300
70
125
153
85
110
no
95
70
153
210
00
120
75
80
P 5
05
125
97
140
150
U*0
115
110
120
150
100
120
110
140
130
100
105
10
20
65
70
P0
105
100 - 110
100
200
120
120
185
19 >
no
130
People's
....
140
100
200
180
1*5
150
’V0
135
'50
North River
Pacific...
Park
Peter Cooper
161
Ask.
oO
50
50
125
75
125
115
253
SO
*5
155
125
00
00
133
90
130
125
200
Gslh and City Railroad Stocks and Ronds*
[Gas Quotations by ueorge H.Prentiss,Broker, 17 Wall Street.!
i
..
...
...
Par.
Brooklyn Gas Light Co
Citizens’Oas Co (Bklvn)
do
bonds
Harlem
Jersey City A Hoboken
do
bonds
Mutual, N. \
1,C00
815,000
1,850,000
750,000
4,000,000
2,500,000
1,000,000
25
Va
100
10
1,000,000
700,000
4,000,000
1.000,000
37?* ,000
1,000
Var.
125,000
50
460,000
.
People's (Brooklyn)
Bonds
Bonds
oi New York
Williamsburg
do
2,000,000
1,200,000
Var.
Var.
A.AO.
F.&A.
F. A J.
I. A J.
'4.A 8.
F.& A
5,000,000 Qtiar.
1,000 1,000,000 F.A A.
r bonds
do
Nassau, Brooklyn
do
scrip
New York
Central
25
20
50
20
50
100
500
100
Manhattan.
Metro oolltan
Amount. Period
Var
M.AN.
M. AN.
J. A J.
M.AN.
Var.
F.A A.
50
1,000,000 Quar.
1,000 1,000,000 A.A O.
100 1,000,000 M.AN.
100 3,000,000
nnn vi‘ *\r
bonds
Metropolitan, Brooklyn
Municipal
Fulton Municipal
100
l.50,i.000|
1Bate.
Date.
*
Bid.
5
Nov., ‘31 lt’8
2% Jan., ’82 01
7
3
7
5
8
3
1898
105
Feb., 78 92
»uly, ’81 ICO
Feb., '82 230
Feb
’82
164
105
1% Jan., '82
97
,
1882
3%
104
3
Sept., *1
3% Nov..’8:
4
Nov., ’81
3% Jan.. ’70
94
124
25
7
0
3
1807
105
1900 &c 90
July, ’80 05
’% Feb.. ’82 60
0
1900
101
2% Jan., ’82 54
6
Mar., ’81 202
«
10^
188S
83
110
03
no
94
170
235
165
109
09"
105
01
96
125
30
107
95
75
65
104
58
205
00
[Quotations by H. L. Grant, Broker, 145 Broadway.]
Bleecker 9t. A Fult. Ferry—St’k
100
900,000 J. A J.
1st mortgage
1,000
004,000 J. A J.
100
Broadway A Seventh av.—St’fc
2,100,000 Q-J.
1st mortgage
1,000 1,500,000 J. AD.
10 2,000,000 Q— F.
Brooklyn City—Stock
1st mortgage
1,000
300,000 M.AN.
100
Broadway (Brooklyn)—Stock
200,too Q-T.
100
Brooklyn Crosstown.—St’k
400,000 Q.-J.
1st mortgage bonds
300.000 .). A J
1,000
Bush wick Av. (B’klyn)—Stock.
100
500,000 J. A J.
100 1,800,000 Q-JCentral Pk. X. & E. hiv.—Stock
Consolidated mort. bonds
1,000 1,200,000 J. A D.
100
Christ opher & Tenth St.—Stock
050,01)0 F.A A.
Bond#
1,000
250,000 .1. A J.
100 1,200,000 Q-F.
Dry Dock K.B.A Batt'rv—Stock
1st mortgage, consolidated
500Ac
900,000 J.&D.
100 1,000,000 Q-J.
Bighth Avenue—Stock
1st mortgage
1,000
203,000 J.A J.
42d St. & Grand St. Ferry—St k
100
748,000 M.AN.
1st mortgage
1,000
230.000 A.AO.
Central Cross Town—Stock
100
000,000
1st mortgage
1,000
200,000 M.AN.
Houst.West St.A l’av.F’y—St’k
100
250,000
1st mortgage
500
500,000 J.A!
Second Avenue—Slock
100 1,199,500 J. AJ.
3d mortgage
1,000
150,00(» A.* U.
..
.
..
Consol, convertible
Extension
Bixth Avenue—Stock
1st mortgage
Third Avenue—Stock
1st mortgage
Twenty-third Street—Stock.
1st
*
mortgage
This
co.u un
1.000
•’OOjcc
100
1,000
1U0
1,000
..
100
1.000
shows lust dividend
oa
l
M.AN.
200,000 M.A S.
750,000 M.AN
500,000 f. A J.
,050,000
2,0(>o,oo0 Q-F.
2,00o,000 J. AJ.
0tX),OOO F. A A.
250.000 M.A N.
)
24
J’ly.l900i j 10
Apr., •2,140
June
’841103%
3% Feb., ’82 203
7
3
2
7
2%
2
7
..
.
...'102
.
A®!., ’>2 170
Apr- ’82 150
1888
1102
Jan., ’82 120
Apr. ’32 138
l>«e.l 902 116
2% Feb., ’82
7
4
7
3
7
0
7
...
7
7
4
7
7
1
5
7
5
1
4
7
90
1*93
il00
Feb., *82 230
June, ’93 i 115
27%
114
150
1C 4%
215
110
180
170
105
125
142
119
100
no
l 10
Apr., ’82.2C0
Jan.. ’8 M 100
N ov.. ’811200
UO
’93jno
115
05
Nov. 1904 105
...1 00
J uiy. ’91 j 105
Jan., '82 145
72
UO
Apr.,
...
Apr ’85; If 3
Nov., \'S !(-8
Sept. ’8 il 145
Mar., v2 200
July. "I" I 10
■
107
107%
STOCKS.
AtchBon
Boston A
Boston A
Boston A
Boston A
Cheshire
68
A Topeka
Albany
Xl03
Lowel!
Maine
Providence
Concord
Connecticut Elver
Conn. A Fa«sumpslc
.
Connctton Valley.
Eastern (Maes.)
Eastern (New Hampshire)...
Fitchburg
Flint A Fere. Marq
do
Fort Scott A Gulf,
do
4%
31
123
24
95
122
pref
pref
common.
do
Norwich A Worcester...,,.. .
Ogdensb. A L.Champlain ... 120
Old Colony............
...
Portland Saco A Portsmouth 128
7s, R. C., 1893"
do
7s, coup, off, ’93
Phll.AE.CoalAlr’n dcb.7s.92*
49%
1
iso
iSunbury A Erie lstm.7s, ’91..
Texas A Pac. 1st m.,6s, g.,1905
do
Itlo G-. Dlv..;i830.
do
cons. m.,6s,g.,1905
do
lnc.Al. gr.,78 1915
50
18%
I Union A Tltusv. 1st m. 7s, ’90.
pref...,
do
ao
Atlantic.
do
pref
Catawlssa
••
CANAL BONDS.
Ches. A Del.. 1st m., 6s,
• ••••
*81*
Har.P.Mt. Joy A Lancaster.
Huntingdon A Broad Top...
do
do pref.
Lehigh Valley
do
do
12%
*.
....
"54
13J
55
*
•
«
•
•
•
•
do
do
•
20
28
57
02
53
•
•
•
ICO
do
do
r
55%
•
com....
Pennsylvania
Pennsylvania
Philadelphia A Erie
Putladelphia A Reading
Philadelphia A Trenton
108
A Atlantic
'04
110
151
do
•
•
••
•
•
•
•
•
••
1
do
110
270
115
115
15 5
115
stock,a, but the date of maturity bonne.
r'o
2dm.68.’Sj.. 103
do
3dm. 6s, %7.. 103
Camden
(
<>-..• ou’).'^
do
6j, coup.,’o9 ,107
do
mon.. 6s. *oj
j 14
Cam. A Atl. 1st tn 7*. *?..1S93
do
2 1 ra. O ’, 1901..
i()5
*
in default.
'oW 100
t Per share.
120
109
68;
5s, 19i6, new
103% 104
L15
115%
122
Par.
100 191
!98
pref
2d pref
1st
Wash. Branch. 100
do
Parkersb’g Br..50
Northern Central..
.30
do
Western Maryland
50
Central Ohio, common
50
Plttsbu g A Connellsvllle...
RAILROAD
8
4994
10
00%
14
47
BONDS.
Balt. A Ohio 6s, 1885,A.AO. .. 107% 109%
N. W. Va. 3d m.,guar.,’85,JAJ
iso
Plttsb.A ConnelTsv.78,’98,J AJ 122
Northern Central 6s. ’85. JAJ 105% 107
do
6s. 1900. A.AO,
do 6s, gld, 1900, J .A J. 114%;.
Cen. Ohio 6s. lstm.,’90,M.AS. 107% 109
W. Md. 6s, 1st m.,gr.,’90,J.AJ.
do
1st m., 1890, J. A J.s.
do
2d m.,guar., J. A J—
do
2d m.,pref
•
do 2d m.,gr. by W.Co.JAJ 113
do 68. 3d in. euar., J.A J.l...
124%
Mar. A Cin. 7s, ’92, F. A A..., 124
do
2d, M. A N
zm 56%
do
Ss, bu, J. A J
Union RR. 1st, gu«iJ. A J..
•
CANAL STOCKS.
Allegheny Vai.,7 3-10@.1S9B... L21
do
7s, E. ext.,1910 110
do lnc. 7s, end..c.*91
57%
Belvkiere Dela. 1st m.,6s,u02.
6s, 1890,quarterly...
6s, park, 1890, Q.—M.
6s, 1893, M. A 8......
6s,exempt,’9S.M.AS.
0s, 1900, Q —J
68,1902, J.A J
railroad stocks.
15%
3o% 30%:
....
Lehigh Navigation
Pennsylvania
Schuylkill Navigation.... ..
do
pref...
do
do
do
do
6s, 1886, J.A J
04%: Balt. A Ohio
04
25
j
20%
Norfolk water, 8s
....
Philft.Wllmlng. A Baltimore.
Pitt£b. Cin. A 8t. Louis, com.
oi. Paul A Duluth It.«. Com
do
do
pref. 184
United N. J.Companies......
West Chester consol, pref....
41
1886
do
5s, quarterly
Baltimore 6s, 1S94, quarterly.
• • •
....
pref
North
West Jersey
West Jersey
•
....
0014 1, 01
.
Nesquehonlng Valley
82
105
Lehigh Navlga. m.-tis, reg.,’84
mort. RR., rg ,’9. 115
do
do cons, in.7s.rg., 191! 116%,.
Morris, boat loan, reg., 1885..
95
Pennsylvania 6s, cotip., 1910..
Schuylk. Nav.lst m.68.rg.,*97.
04
93
do
2d m. <s. reg., 1907
BALTIMORE
Maryland 6s, defense, J.A J... 103%
110
ao
6s, exempt, 1587
do
6s, 1890, quarterly..
"m is
29
34
95
20
do
cons. 6s, 1909 ....
W. Jersey A Ati. lstm. 5s, cp.
110
Western Penn. RR. 6s,cp.’93.
108
do
6s P. B.,’96.
...
do
pref.....
do
new pref
125
Delaware A Bound Brook....
50
East Pennsylvania
40
Elmira A Williamsport.......
do
do
pref.. 58
71
Norristown
Norf o k A Western,
....
...
-
35%
110
m.7s, ’96
West Chester cons. 7s, ’91
iia
West Jersey 6s, deb.,coup.,’8&: 120
do
1st m. 6s, cp.,’96.
do
lstm. 7s, ’99
CITY BONDS.
*
Buffalo61?tt9^1&yWesteVn!!!
pref.
63
74
[United N. J. cons.m.6s,’94.. il8
Warren A F. 1st
Pblladelpnta,5» reg., var.....
do 6s,n.,rg., prior to’tb
do 4s, various
RAILROAD STOCKS.t
95
|Syra.Gen.A Corn’it,1st,7s,1905
24
55
18
4s. reg.. 1912.
3%*, i eg., L*i2
125%
Danv.con3.lnt.69,19!5;,•••
133
135
g’d, lnt.,reg. or cp
5s,new,reg.,ls92-lSK.2 iie%
4fl, reg., 1*94-1904..
Camden A
R'ch.A
iShamokm V.A Pottsv.7s, 1901
Sunb. Haz. A W.,lst m.,5s,’2L
do
2d m. 6s.’.933..
23%
Penna. 5s,
ro
ioc%
do
deb. 7s. cps.off 64%
do mort., 7s, 1892-3
Phlla. Wllm. A Balt. 6s, ’84.... I1U
Pltts.Cln.ASt. L. 7s, cou., 1S0C-!118
I
do
do
7s,reg., 1900 •*•
05
119
PHILADELPHIA.
do
do
do
115
6s.’. 920
ao conv.
-’49
50
New York A New England...
108* 109
Northern of N. Hampshire...
STATE AND
cons. mort.
,
*78
NrsauaALov/ell
Palace Car
Rutland, pref erred
Revere Beach A Lynn
Vermont A Massachusetts.
Worcester A Nashua
Wisconsin Central
93%
114
*
Iowa Fall * A Sioux CLy
Lltue Rock A Fort Smith ...
Manchester A Lawrence....
04
Mar. Hough. A Out
—
xllO
Mar. Hough. A Oat., pref....
Pullman
88
po
do
58,1920
Phlla. Newt’n A N.Y., 1st, *9?
Phil. A R. lstm. 6s, ex. due I9i0
do
do
1910
2d m.. 7s, cp.,93.
do
do
cons. m..7s,cp., 1911 jirys
do cons.in.6sg.lRC1911
do lmp.m.,6s,g„ C. 1897
do gen. m. 6i, g..C.lHH 94%
95
do J n. in.,7s,coup.,’896.
do d-*b. couo., 1993*
c o
do c Hip. Off, 189J.
do scrip, 18Si
70
25
21%
....
Phil.Wilm.ABalt.,4s,Tr.certB
Phlla. A Erie 2d ki. 7s, cp.,’98
’oo
A Olev
....
•
102
144
,.
preferred
W. Michigan.
Chi'*. *
Cin. Sandusky
80%
103%
.
*
13
RAILROAD BONDS.
,
Fe »■ > 2 200
i ulv. ’bu: v 9
'Feb , Y2 15)
1 May. v.i'110
100
Rutland 6s,let mort
Sono ft'a
Vermont A Mass. RK..bs....
Vermont A Canada, new 8s.
Scrip........
RK.7s,1896
1906
Pennsylv.,gen. m. 6s. cp.. 1910 124K
125
do
gen. m. 6s, rg.,1910.
119
do
cons. m. 6s, rg., 1905.
do
cons.m. 6s, cp., 1905
do
5 i, reg., 191s
do
100
Penn. Co., 6s. reg
do
do 4%s, reg., 1920 95%
o
do
co p., 19c0
Perklomen lstm.6s,coup.,*8i
114% 115%
Valley, 7s
Little Schuylkill.
iLlHehlll
*
H Uan.,
7
2
7
....
co
Asfc.
do
Pa.A N.Y.C. A
do
Inc.
do
Old Colony,7s
Old Colony, 6a
Pueblo A Ark.
I
Gas Companies.
cona., 6 p. c
.
Bid.
OO
Niagara
....
104
(B’klyn)
T,nrillMr<1
00
.
....
.
Lamar
Lenox
Lonv Island
.,
Caui. A Burlington Co. 68,%?.
Catawlssa 1st,7s, conv., cp.*82
itch.
118%
chat, m., 10s, ’od
do
do
land grant 7s 115
115%
do
new 7s, 1900,r.A cp 116%
r!o
land inc. Ss..
Connecting 6s, ep.. 1900-1904.
Atlantic & Pacin'*, 69
116
Chartlers
Val.,lstm.7s.C.,l90;
o
income ..
31%
Delaware
m..
6s.reg.Acp.,var
Boston A Maine's
Del. A Bound Br., 1st, 7s, i905
125
.>08Lou <jz Albany 7s
East Penn. 1st mort. 7s. ’88
do
'6s
E1.A W’msport, lstm. 6j,1910
i’ltt
doston & Lowell 7s
do
Ss.perp
6s
d ,>
Easton A Amboy, 6s, 1920....
Boston A Providence 7b
Harrisburg
1st
mort. 6s, ’83... 102%
Jurl. & Mo., land grant 7s....
H. A B. T. 1st m. 7s. gold. ’90.
112
do
Nebr.6s
Ex
do
cons. m. 5s, 1395....
00
do
Nebr. 6s
103)4
IthacaA Athens 1st g d, 7s.,’SU
do
Nebr.48.....
1st
Junction
mort.
84
6s,
’82
'84%
Chicago Burl. & Quincy I).Ei
do
2d mort. 6s, 1900
Conn. A FiwHumpsio, 7f
50
55
Lehigh Valley, lst,6s,cp.. 1898 121 123
Ccnnott n Val ey. 78
—
do
do reg., 1893... 1*3
81%
Cali oral i Southern, 6a
do 2d m. 7s, reg., 1910.. 130% 133
107
caste u, Mass.,4^s, uew. ...
do
con. m., 6s,rg.,1923
121
Fitchburg EI«.t 69
do
do
6s,cp.,19,'3
do
7s
110
Little Schuylkill, 1st m.7s,’82
Fort Scott & Gulf 7s
52% N. O. Pac., Ut m., 6s, 1920 ...
Hartford A Erie 7s
North. Peun. 1st m. 6s, cp.,’85. 105% 106
K. Cltv Lawrence A So. 5a... 103k
do
2d in. 7s,cp., ’96.
115
Kab.Oity. St. Jo.AO.B.Is. .
do gen. m. 7s, cp., 1903. 120
U)9%
Little Euc & Ft. Smith, 7s,1st
84
do gen. m. 7s, reg., 190S
84%
Mexican Central, 7s
do new loan es,reg...
New fork A New Eng.6s.... 103%
113% 114
Noif’kifcWest.,gen. m.,8s,l?31 102
do
7s
112
UU
Creek
1st m.78,coup.,’8L 103
113
New Mexico A So. Fac. 7?...
Plttsb. Tltusv. A B., 7s, cp.,’96 04%
Ogaensburg A L. Ch. con. 6 .
BOSTON.
& Topeka 1st m.7s
i’2‘2
zs
...
103
....
j
I
d/>
cmon
Consolidated Gas
Do
endorsed.
bonds
March 25,
1882.]
THE
CHRONICLE,
■Railroad Earnings.—The latest railroad earnings and the
totals from Janaary 1 to latest date are given below. The
statement Includes the gros3 earnings of all railroads from
which returns can be obtained. The columns under the head¬
New York City Banks.—The
following statement shows th
condition of the Associated Banks of
New York City for the
week ending at the
commencement of business on March 18.
ing “ Jan. 1 to latest date” furnish the gross earnings from Jan.
1 to, and inclnding, the period mentioned in the second column:
Latest
Earnings Reported.
Hoads.
Week
or
Mo
1882.
66,832
23,023
48,505
49,209
1st wk Mar
1st wk Mar
*7,248
Louis
Ceut.Br.Un.Pae.
Ced.Rap.&Mo.R
Central Paeitic.
Chesap. & Ohio.
Chicago & Alton
C'lic. Bur. & Q-.
C iic. & East. III.
Cairo & St.
N.O.jJanuary...
Cb.St.P.Min.&O. 3dwk Mar
Chic. & W.Micli. January...
Cin. Hain.ife Hay February.,
Cin.Ind.St.L.&C. February..
Cincinnati South February..
Cl *.v.Akron& Col 2dwk Mar
Oil.Hock.V.&T. 2d wk Mar
Henv. & Kio Gr. 3d wk Mar
H/s M. & Ft. H.. 2d wkMar
Dct. Lan/& No.. February..
Hub. & Sioux C. 1st wk Mar
January...
Etstern
E.Tenu.Va.&Ga. 3 wks Jan.
E'Uop.ANo.Am. January...
Evausv. &T. H.
February..
Flint & P. Marq.
Gal-Har.&San A
Grand Trunk....
Great Western..
Hannibal& St Jo
Hous.E.AW.Tex
Illinois
Ho
Tnd.Blooui.& W. 2dwk Mar
lot. &. Gt. North, 1st wk Mar
Iowa Central... February..
K.C.Ft.S.
Gulf February..
K. C. Law. & So. February,.
L. Erie & West’n 2d wk Mar
Long Island
2dwk Mar
I/)uisv.<fc Nashv. 2d wk Mar
Louis. N.A.& Ch. January...
Maine Central: January...
Mernp. ct Chari. 2dwk Feb.
Mom. Pad. & No. 4tli wk Jan
Mil. L.Sh.& West 3d wk Mar
Minn.A St. Louisj2d wk Mar
Mo. Kan. & Tex.|lst wk Mar
Missouri Pacific.! 1st wk Mur
Mobile & Ohio.. iFebruary..
Nashv.Ck.ifc 8 t.L1 February..
N.London North!January...
N. Y.& N.
Engl’d;February..
Norfolk <fc West.! January...
Northern Cent.. [January...
Northern Pacific 2dwk Mar
Ohio Central.-... 2d wk Mar
Ohio Southern.. 2(lwk Mar
194,302
46.919
59,164
80,759
119.557
66,931
21,741
39,169
241,240
72,511
139,512
28,131
4,243
17,910
29,411
111,375
123,553
158,154
159,961
36,261
213,791
168,572
407,368
86,800
12,190
6,619
281.600
and
trams abaudoned
on account of
3,225,795
1.307,948
302,951
2,166,673
2,595.268
340,220
584,145
106,128
407,561
405,478
83,245
367,100
353,969
266,131
77,738
442,628
885,185
50,786
154,795
136,449
3 98,583
177,580
31,399
83,309
475,903
1,258,598
79,675
226,174
8,001
2 i 1,945
224,625
167,642
36,122
3*29*258
30,671
115,166
207,309
255 262
115.1(56
96,846
3,897,262
903,725
-
91,384
41.780
18,286)
535,145
154,242
316,929
379,721
1,938,507
930,0(50
357,055
359,555
9,043
18,286
1,115,875
301JN5
473,721
458,491
168,066
443,679
80,820
44,493
51,162
*77,626
9,043
955,132
200,648
•til ,8(50
413,129
260.093
199,228
135,439
93,910
241,520
38,691
25,122
31,99(5
271.294
305.556
219,400
209.408
2,410,837
2,054,384
54,136
121,586
27,937
5,917
8,869
72,511
54,13(5
139,512*
321,586
167,472
158,590
15,931
18,897
86,205
118,933
761,024
883,997
180,761
12,421
292.565!
92,950
99,903
216,767
190,866
906.212:
1.145,271
319,587!
316,955
e
441,313
164,917
386,156
38,030
10,872
429,415
3 68,572
407,368
689,600
363,364
164,617
386,35(5
167,141
70,288
674,100
104,473
271,371
294,958
42,402
3,189,215
38,667
3,373,321
149,484
252,727
224,303
2,793,496
1,826,975
2,055,559
1,637,872
240,999
152,850
266,273
as. 128
166,174
1,290,714
1,150,321
624,655
1,207,880
86,116
125,407
643,374
175,759
3,720,951
3,000,461
505,165
599,742
55,898
107,328
613,434
110,209
2,714,539
2,157,156
48,549
53,447
320,113
205,638
Receipts.
tor
-
oar
of th-* past week:
Payments.
$
Mch. 18.. *2,191,424 51
20.. 1,566,566 30
“
21.. 13.269.996 34
“
“
$
1,906,183 17
1,684,541 67
898,241 57
12,537,120 6)
864,318 10
14
1,169.968 07
23*.*. 12.325,435
24.. J2 393,184 24
Total...... 14,283,727
04
910,532 88
Coin.
Currency.
$
79,2S1,558 50
79,339,42 L 21
81,663,068 16
$
4,198,557 84
4,022,669 76
4,070,811 43
3,943,968 34
83.462,713 76
84,542.292 46
85,718,315 04
4,019,856 71
4,326,485 49
7,433,788 46
During the week ended March 18 $5,000,000 gold coin
from
\
Broadway
Mercantile
Pacific
Republic
Chatham
Philadelphia
Mint.
was
received
Coins.—The following are quotations in gold for various coins:
Sovereigns
$4 84 '-a>$4 87
Silver 14s and ^s.
99?t® ]>ar.
Napoleons
—
3 83
XX Reichiuurks. 4 74
X Guilders
3 00
Bpan’hDoubloons.15
55
Mex. Doubloons.. 15 50
7D 3
d> 4
-® 3
'8* 15
87
78
07
85
-@15 (55
Fine silver-burs... 1
137b^ 1 14^
Fine gold bars
14 a, oq preiu.
Hluiesvfe Lj dimes.— 99*27b par
Five francs
Mexican dollars..
I)o uncoinmerc’l.
93
95
'cb
—
—
8834*z>
—
89^4
—
87
—
88
—
'a)
English silver
4 75 © 4 *0
Prus. siiv. thalers. — 68 @
70
U. 9. trade dollars
99343> — 99%
U. 9. silv er dollars — 9078O) par
—
—
6.635.800
Irving
Metropolitan
2.303.800
5.488.300
3.177.500
1.478.400
2.279. ICC
7.837.800
3,000.000
600,000
1,000,000
500,000
500,000
500,000
1,000,000
1,000,000
Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Oriental
300,000
400,000
1,300,000
2,000,000
Marine
Lmporters’
& Tr..
Park
Wail St. Nation’!
North River
East River
Fourth National.
Central Nat
Second Nation’i
•
500,000
240,000
250,000
3,200,000
2,000,000
300,000
750,OOU
500,000
1,000,000
Ninth National..
First National..
Third National..
N. V. Nat. Exch..
3,181,000
12.883.000
2,073,400
2.874.UOO
5.542.0OC
14,457.000
O^i'H.oOO
1.477.900
250,000
200,000
750,000
300,000
100,000
20;),000
200,000
500,000
YorkCounty..
Germ’n Americ’n
Chase National..
Fifth Avenue...
German Exch.
..
Germania.'.
U. S. Nat
3.854.400
8*1,500
177,7U)
1,771.000
1.531.100
2,039,400
4,*38,500
2.023.400
225.000
17.800
3.710.500
1,355,900
731,600
787.000
248,400
174.000
081,000
473,206-)
30,200*
45,000
8.20:1,100
10,105.000
8.010,300
3,8i* 1,000
5.602.900
2.532.400
3.38!, 800
800,006
3.322.100
221.400
1.500.800
2.145.300
7,095,900
2,973.000
309,000
9.029,000
*
2.139.700
2,003.900
2.2i)0.906
U 21,08645,000^
5,4X10
791.0064,59,200*
2.230,000
ato.o6o>
3,900-
490.200**
45O.09C
1.709.VHX.
3.007,000
3.112.990
5.009.500
1.890.290
3,507.000
4jwe>
7634300
20,444.700
19.893.50C
1,138080
1,111,500
02,500
187.80C
1,070.000
1,098,4.00
909,900
10.002,40q
139.800
051,000
1.119.000
310.030
312.500
150,600
423.100
91.700
450,000-
45.090
3.880.000
219.900
810,00C>
1.283.000
225,00^
5.33A100
15.439,70U
501.080
43A8s>0
7.049.000
182.000
40 *,7oO
70,9)0
807,200
398,190
31,000
41.400
TOCKTOO
90.400
8-8.500
115,000
90,000
178.000
385.300
208.000
203.300
1,204.5 >0
1.406.800
l 508,00u
1.700
287,000
2.404.300
9J7.0OO
90,000
24.000
700.0J0
019.1*00
970,0 )U
3.140.900
2.274.000
1.480.200
1,052.000
233.700
302,000
72,000
3.815.400
342.400
182,000
026,000
375.800
132, H00
300.100
122.700
209,703
120.200
84,000
103.000
908.300
5.340 900
17.058.30C
8.225.U00
3.407.00U
13.977,900
111.000
141.200
133.500
50.700
10.5.500
21.400
3,722.730
210,100
2 *2,200
01,900
1.200,000
1,234,000
1.075,000
1,097,400
300,009
3.778.300 1
5.034.890
2.917,000
7,320,7* )0t
1.589.700
1/268,400
71,200
130.000
240.700
388,000
311.700
009,000
395,500
2.108.500
3,340.001
4,358.600
0.014,490
2.010.700
3.303.001)
18.05.-\S00
10,002.700
5.539.100
47,000
330,0*10
201.900
2.829.400
300,000
Bowery National
*
485.00©•
7.082,000
6^7.500
2,529,00J
9
9J45.000
923 O0C
828.100
148.000
19.000
602.700
170.7(H)
027,800
1,921.000
2.407.10U
80-i.5(Mt
1,109,200
431,900
025,400
053,100
92,000
180,000
1,04 *,900
374,300
13,34U*00
15,212.000
5.313.100
5.891.900
lion.
0H 10,000
531,000
36.800
410.400
480.700
1,022.200
1.040.000
1,001.800
3.050,300
927.800
3.622.500
500,000
555.000
225,000
903.000
584,000
2.729.800
3 10.000
207.100
3.830.100
13.701.300
4.042,700
4.224.500
CircuJ*.
%
473.400
1,743.000
1,133,700
7.719.100
3.310.000
0.085.400
2.71S.000
1,008.50(1
amount of
Net (topi's
Legal
other
Tenders. than
U. 8.
1.812.000
1,421.000
8.240.000
4.402.300
200,000
700,000
1,000,000
5,258, (VX)
1.15’ ,000
266.000
1.009.200
2S3.00fb
L,813,800
186.000
2 233.700
5.4150 001
227,200
148,70*.
129.000
171.700
54,500
tiKSo*
2,153 3 0
1.599.3J0
1.017,400
4.144.400
450.000
Total
01.102,700 312,310.500 58,580.709 10.347.80 j 287,100.800 30.075Ji0U
*
To be increased to $1,000,030.
The deviations from returns of
previous week are as follows:
Loans and discounts
Dee. $1,399,300 | Net deposits
Inc. 2,69^,200 1 Circulation
Inc.
37,800 1
8pecie
Legal tenders
The
following
are
Loans.
18 1.
Mur.
“
4....320.677,800
18.... 312,310,500
a
58,58*9,700
10,347,800
following
Specie.
L.
Tenders.
$
•
19,990,000
Deposits.* Circulation. Aqc. Clear
-
“
the
follows:
1882.
Mar. 0
18
20.....
Loans.
$
L. Tenders.
*
70,059,457
75,007,659
73,938,590
16,419,451
18.175,321
17.821,348
yaa.424.196-
20,075,500
the totals of the Boston,
Philadelphia Banks.—The totals of
are as
*
20,026,200 1084.S4S.46S*-
$
150,280,600
0,185,600
3.994,100
90,059,^00
149,413,100
0,154,000
3.879,000
89,225.200
148,983,800
5,757,200
3.717,000
87,599,390
Including the Item " due to other banks.”
“
84.HOC'
$
290,673.800
280,042,700
237. JD.SO®
are
series of weeks past:
Loans.
$
1882.
Mar. 0.
13
“
20.
10.770,000
10,310,000
f 1 ,P68,10f .»
Circulation. Afi^CUav
*
55.888,500
Boston Banks.—The
banks for
Deposits.
*
53.279.800
l'tc.
Inc.
series of weeks past:
a
L. Tenders.
*
11.... 313,715.800
"
the totals for
Specie.
i
_
*
81,357,600
31,0)9,000
31,198.000
73JF»«,S*&
63.238.09»:
GO.Oi2.X32e
Philadelphia bonks
Deposits.
Circulation.
f
»
08.317,180
65.2*0.540
11.010,175
10,985,895
04,380,108
11,O2L01O
Ago. Otor
•
51.736,830
55J238JJ8S*
Unlisted Stocks and Bonds.—The following are the pries*
are not *' listed” at the Stock
Exchange*^
quoted at 38 New Street:
of securities that
Bid. Asked.
Am. Cable Constr. Co.
Am.
Railway Imp. Co.
E.,newst’k
old
3.3%*
117
1^
1
Buff.N.Y.^Phila. sfibs.
Cal. Pacific stock
Chic. <fc Can. So. bonds.
Continental Constr.Co. uo
Central Railway Co*istr«i ;t'n Co.(D. L.W.) 101
Den ifeR. C4..W. sub.ex. 88
Do stock
22
Do bonds
72%
Den.& R.G. unrdcous.lOOq
Dcnv. & N. Orleans
Edison Electric L. Co.300
Ilml. Ri v. Con tract Co. 9 5
lntornat. Imp. Co
x
Iron Steamboat stock. 50
Do
1st mort. bds 80
Ind.B. & W.,Eas. D.lsfc
Iud. Dec. & Sp. com...
6%
Do
11. is..6s,i'und.l0212
Kan. & Neb. 1st murt. 70
Do
2d mort
20
Mid.RR. of N.J. stock. 18
Do
A bonds.... II1-!
Do
B ibotuls
7
Mex. Nat. bonds
Do
stock
Ho. Kan. VTex. g.mort. 79
Mutual Un’u Tel. bds. 65
Do
stock.. 17
Do
scrip stk 17
National Express
2
1%
16
....
Includes $2,000,000 gold eoin received from Philadelphia Mint.
t Includes $1,000,000
gold coin received from Philadelphia Mint.
0,472,000
7 145.000
450,000
People’s
North America..
Hanover
Do
same,
*
200,000
000,000
300,000
800,000
5,000,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000
.
Sub-Treasury.—The following table shows the receipts
payments at the Sab-Treasury in this city, as well as the
Balances.
41
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’i
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch
Commerce
Boat. LI.
balances in the
*
2,030,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
200,000
America
Phoenix
t Freight eamiugs,
nign water,
Specie.
3.000,000
City
Tradesmen’s
N.
Loans and
discounts.
«
Union
369,009
36.261
173,615
..
Freigut
U. S.
3,057,125
914,253
Oregon R.&N.Co February..
Pad.&Elizabeth. 4th wk Jan
8,812
13,840
Pennsylvania
January... 3,373,321 3,189,215
Peoria Dec.&Ev. 2dwk Mar
14,044
9,567
Philadelp.& Erie January...
252,727
224,303
Phila.& Reading February.. 1,290,421 1,336,427
Ho Coal & Ir.
February.. 878,584 803,626
Richin.«fc Hanv.. 2 wks Mar tl31,799 tll5 689
St. L. Alt. <fc T.H. 2d wk Mar
29.935
21,054
Ho
(Urchs.) 2d wk Mar
15.780
16,742
St.L.Iron Mt.&S. 1st wkMar
132,821
158,968 j
Bt.L.&San Fran. 2d wk Mar
59,783
64,073
8t. P. Minn.& M. 3d wk Mar
125,500]
74,400
Scioto Valley... 2dwk Marj
9,1191
6,167
South Carolina. January...!
125,467| 107,328
Texas & Pacific. 1st wk Mar,
76,945)
71,477
Tol. J}el. <fc Burl. 2d wk Mar!
14,417j
Union Pacific... February.. 1,759,863
1,374,740
Wab.Bt.L.& Pac. 2(lwk Mar 344,473
West Jersey
53,447
January...
48,549
Wisconsin Cent. 1st wkMar
31,457
13.92 i
*
3,578.000
3.847,000
3,819,653
272,600
8,761
26,633
194.259
9,993
56.774
39.672
96,846
3
255,445
337,207
171,511
22,053
20,438
79,855
337,681
75,440
1,382,885
1,658,834
49,249
125,477
4th wk Feb
January...
Ceil.(Ill.) February..
(Iowa) February..
146,911
186,875)
113,335
21,803
224,625
167,642
36.122
3
420.164
174
188,798
$
.
23,023
101,589
577,686
63,396
147,631
272.600
January../
Wk.Mar 11
Wk.Mar 10
2d wk Mar
$
22,034
87,687
106,128
199,185
CapitaI.
New York
Manhattan Co...
Merchants
Mechanics’
1881.
127,407
18,127
255,445
January...
February.. 1,702,000
February.. 209,709
2dwk Mar 149,972
January... 1,658,834
2d wk Mar
28,308
Cbic.&Gr.Tkunk Wk.Mar 18
43.122
C lie. Mil &St. P. 3d wk Mar
359,000
Cliic. <fe Northw. 2dwk Mar
355.112
C'iic.St.L.A
1882.
$
Ala.Gt.Southern February..
Bost.AN.Y.A.-L. January...
Ruff. Pittsb.&W. February..
Bur.Ced.R.&No. 2(1 wk Mar
Average
Banka.
Jan. 1 to Latest Date.
1881.
$
341
100
Bid. AtXdk.
N.Y. & Scranton Cons. SO
99
North River Const. Co. 9T
99'
N. Y. Ch. & St. L. subs. *25
29
Do
£7
pref
26%
Do
00m.. 12
..
Do 1st. ex
J’e/82,ep 81
N.J. Southern
72%
N.Y. S.& W.
com.
st’ek.
Oregou Imp. Co. 1st
Do
104
Jo
73%
102
80
400
100
75
54
80
93
9
80*
30
ex.
stock
9
52
15
60
bTk8ex-bd»..
26"
fM
Pitts. & Western
13L
Pullman’s P.Car rghts^
3
Rie.&Al.& O.Cen. subs.
60 per cent paid .... 86
Rich. <Ss Dan. lights ...130
Selma Rome
D.stock.
Do
3
1st mort—
Do
2d M. stamp.
3%
Do
2d M., clean.
3
Do
incomes"..
%
Standard W. Meter
2
St. Jo. »fe West, stock.. 10
St. Jo. & Pacific 1st M.
Do
2d M. 30
m
m
.
6ft
107
100*
97
Pens. & Atlantic stock. 30Do
bds.. 84
87*
87
140
mm
4
3%,
1%;
3%.
15
85
75
81^
Texas & Col. Imp.— &>
Vicksb. Mer’n coiu.st’L'.
A
13.^
Tex.St.L.RR.sb.,30 pd.
60
10
7
84%
Orcg. Short Line subs. 106%
Do
1 st mortg. bds. 97%
Do subs. $10,000
—
11%
81%
1%
*
I’roini r.u
THE CHRONICLE.
342
the credit of net revenue of $178,184, or £36,663.
balance the sum of £3,207 (in round figures) has to
|mrestments
defray the current expenses for 1881 of the English com¬
pany, leaving £33,455. Out of this sum
will be paid
over to the English company for dividends, less income tax, on
the preference shares now held by that company; and £2,649
will be paid to the Alabama New Orleans Texas & Pacific Junc¬
£26,381
CORPORATION FINANCES.
The Investors’ Supplement contains a complete exhibit
Funded Debt of States and Cities and of the Stocks and
of the
Bonds
of Railroads and other Companies. It is published on the last
Saturday of every other month—viz., February, April, June,
August, October and December, and is furnished without extra
tharge to all regular subscribers of the Chronicle. Single copies
are sold at $2 per copy.
SINCE
INDEX
Since the issue of the
FEBRUARY SUPPLEMENT.
Investors’ Supplement in February,
and other items of Investment News have been
published in the Chronicle at the pages indexed below; all
matters published prior to the February Supplement will be
Annual reports are in
found indexed in that Supplement.
annual reports
black-faced figures.
L.
A.
Amor. Dist. Tel
Amer. Rapid Tel.
Co
American Steamship Co
Arkansas Railroads
Atchison Top. & Santa Fe.243,
Atlantic & Pacific
230
230
288
311
315
2G3
Lehigh Coal A Navigation Co..229
Lehigh A Wilkesbarre Coal Co. 316
Louisv. A Nashv
216, 261, 292
Louisv. New Albany A Chic.. .228
B.
Boat. Hoosac Tunnel
Boston & Lowell
& West.. 290
315
290
Brooklyn Elevated
Buffalo N. Y. & Phila
263, 290
C.
Canadian Pacific.
230
Central of Georgia
315
Central Iowa
230
Cent, of N. J....230, 263, 290, 315
291
Cin. Ham. Dayton
231
Cim Ind. St Louis <fc Chic
Cin. Sail. & Clev
264
Chesapeake A Ohio
264, 292 j
Cliicago A Alton
262 |
Chicago
Chic. Burl. A Quincy.264, 290, 315
291, 316
Chic. & Eastern Ill
Chic. & Grand Trunk
315
Chicago & Iowa
264
Chic. Milw. A St. Paul ....292, 315
Chicago & Pacific
292
Chie. Pek. & Southwest
264
Chic. St. Paul Minneap. AO.. 315
264
Chic. St. Louis & N. 0
Chic. & West. Indiana
291
Clev. Col. Cin. A Ind. 264, 291, 315
Cleve. Tuscarawus Val. & W.. 231
in.
Manhattan Elevated
Marietta A Cincinnati
261, 291
291
Mariposa Land A Mining Co ..
Memphis & Charleston — 265,
Memphis & Little Rock. ..265,
Mexican Central
Mexican National
265, 292,
Missouri Pacitic
Minnesota Finances
Mobile & Montgomery
231,
Mutual Union Tel
291
292
292
Railways Company (Limited), (as above mentioned) for
subsidy, from Oct. 12 to Dec. 31, 1881, carrying forward to next
year a balance of £4,424. Out of the sum of £26,381 above
mentioned, the arrears of dividend up to Dec. 31, 1880,
amounting to £11,499, have been paid, and the balance is appro¬
priated to a dividend for 1881, at 6 per cent on £156,600 “A”
preference shares of £10 each, fully paid, and 6 per cent on
£193,400 “ A ” preference shares of £10 each, £5 paid.
On the 31st of December, 1880, the outstanding claims
amounted to $293,282. The amount is now $296,725, of which
a considerable
portion is disputed and in suspense. The
amount of the company’s bonds, held in trust for the purpose
of meeting these claims, is $287,000:” The 19,340 six per cent
“A” preference shares of £10 each, mentioned in the last
report, were all subscribed for, and (with a trifling amount out¬
standing) are now fully paid up, and as from the 1st of Jan¬
uary, 1882, they will rank in all respects pari passu with the
original issue of 15,660 ‘A’ shares.”
The accounts of the American corporation show the follow¬
ing income for 1881.
txr.
tion
291
231
316
316
265
292
Traffic Receipts.
Passengers
Freight
Consolidation Coal Co
D.
Delaware A Hudson Canal ....262
Denver & Rio Grande .. ..291, 292
New Orleans City Debt
N. Y. Lake Erie A West
291
Elizabethtown Lex. A Big San. 292
F.
315
Florida Cent. A Jacksonv
rolling stock
19,450
Miscellaneous
Locomotive and running
expenses
Office & station exp’ns’s.
General charges
Miscellaneous expenses.
$789,375
Norfolk & Western
Northern Central
Pacific
292
231
313
265
292
228, 231
231
N. Y. Penn. A Ohio..265. 292,
N. Y. Woodliaven A Rock
O.
231, 263, 316
Ohio Central
316
Ohio & Miss
Ohio Railway
316
316
Oregon A California
P.
R.
! Railroad Income Bonds
Reading & Columbia
316
282
8.
St. Louis Iron Mt. A So
St. Louis & Sail Francisco
St. Paul Minn. & Manitoba
Sonora
South Carolina RR
T.
Tennessee Finances
Texas A Pacific
Tol. Cin. & St. Louis
Toledo Del A Burl
Trunk Line Rates
G.
Union Pacific
289,
United N. J. RR. & Canal
United Railroads of N. J
G.
315
Grand Rapids A Indiana
315
Green Bay Winona A St. Paul. 264
Galv. Har. & San Antonio
H.
317
313
265
315
222
231, 252
292
265, 317
222, 317
282, 303
11,869
5,422 Repairs and renewals of
Nachez Jackson A Columbus..314
New Cent. Coal Co. of Md
314
JE«
East. Tenn. Va. A Ga
buildings
17,943
Malls
Expressage
Pensacola A Mobile
315
265, 287
315 Pennsylvania RR
263
231 Philadelphia A Erie
264 Phila. & Read...231, 265, 292, 316
292
290 Pittsh. Cin. & St. Louis
Concord
Connecticut Western
Connotton Valley
Expenses.
$176,232 Maintenance of way, Ac. $103,583
570,326 Repairs to stations and
N.
Northern
Out of this
be provided
to
AND
STATE, CITf AND
[Vol. XXXIV.
79,878
138,487
70,897
54,286
45,328
$504,331
285,043
Net revenue
St. Paul & Duluth Railroad Company.
(For the year ending Dec. 31,1881.)
The report of this company contains no balance sheet, and
the accounts are most inconveniently and obscurely presented.
If the report for 1882 should be made up more clearly, it would
be a favor to the stockholders.
The President states that the
considerably
increased
over
earnings of the road have been
those of last year, though
much less than they would have
been had
been fully equipped with the necessary engines
while the expenses have been somewhat increased
the road
and cars,
by a com¬
paratively large use of the cars of the other roads. Three
hundred freight cars, which should have been delivered in
August and September, did not begin to arrive until after the
close of lake navigation.
The work on the track for the year included the laying of 3,240
tons of steel rails, of which 818 tons were put in the track
between N. P. Junction, and Duluth, on that part of the line
owned jointly by
road Company.
this company and the Northern Pacific Rail¬
corporation has been organized under the laws of the
of a line of railroad
St.
Cloud, Minn. The
292, 317
264, 292
Co.. 288 County of Burnett, Wis., was authorized to take $20,000 of the
I.
288 stock of this company.
This stock has been subscribed and
228
Illinois Central
V.
231, 316
Ind. Bloom. A West
the corporation has received and expended the money. In
Indianap. Dec. A Springf
231 Vicksburg Shreveport A Tex.. 265 order to construct the portion of the line in Minnesota, a cor¬
265, 292
Indianapolis & Evansv.. .231, 316 Virginia Midland
W.
poration has been organized called the Grantsburg, Rush City
Int. & Great Northern
292
Wab St. L. A Pac
222, 317 & St. Cloud Railroad Company, and the Grantsburg Company
K.
317 has
Kansas Pacific
291 Western & Atlantic (Ga.)
graded the line between the St. Croix River and a connec¬
317
Kentucky Central
230 West Jersey
tion with our main line at Rush City. The Grantsburg Cor¬
292
Knox & Lincoln
316 West. Union Tel
317 poration, called the Ashland Grantsburg & St. Cloud Railroad
I Wisconsin Central
Company, is anxious to turn over the stock of the road so as to
ANNUAL REPORTS.
give the St. Paul & Duluth Railroad Company the entire con¬
trol, ownership and management of the corporation.
Alabama Gre.it Southern Itailwny (Limited).
The following is a statement of earnings and expenses:
(For the year ending December 31, 1881.)
Other payments:
Passenger
$175,282
$20,218
The annual report shows that in 1S81 the gross earnings of Freight
476,710 Tuxes
Rent of T. F. & L. S. RR..
8,610
Express
8,646
the road were $789,375, as compared with $643,130 in 1880 and
20,000
Mail
7,380 Rent of 8. & St. P. RR
13,508
$444,181 in 1879. The year’s increase is thus $146,245.
Miscellaneous
3,571 Interest and exchange
Hannibal & St. Joseph...289, 315
Houston E. A W. Texas...292, 316
Houston A Tex as Cent....231,
A
State of Wisconsin for the construction
from Ashland via Grantsburg, Wis., to
1
....
“The Alabama New Orleans Texas &
Pacific Junction Rail¬
ways Company (Limited) was successfully formed in June last
with the object of providing the Northern Atlantic cities with
the shortest route, via. the Alabama Great Southern, to New
Orleans in the Gulf of Mexico, and of connecting the northern
and eastern railroads generally with the trans-Mississippi
system, a portion of which forms the Southern Pacific Railway
route.”
*
*
*
“In October last the Alabama New Orleans Texas & Pacific
Junction Railways Company acquired a controlling interest in
the lease of the Cincinnati Southern Railroad (336 miles in
length), thereby connecting the Alabama system in the most
direct manner with the city of Cincinnati, which, according to
a
recent
census
bulletin of the Federal Government, is the
acknowledged centre of the population of the United States.
In view of the great benefits to accrue to the Alabama Great
Southern Road by this connection, the directors have agreed to
Rental
Earnings of T. F. A L. S.
Total
Operating expenses
52,500
8,539
Interest
on
18,159
bonds
Northwest
equip.
sinking fund
Trust
44,362
$732,630
566,131
$166,499
LAND DEPARTMENT.
The following statement shows the operations of
Department for the year ending Dec. 31,1881:
On hand and unsold Dec. 31, 1380
Add cancellations of land contracts during
Add land received from State of Minnesota
Acres.
1,271,920
RObl
1881
10^987
1,293,968
Total
Deduct land sales for year ending Dec.
the Land
31,1881
1/267,696
during the year ending Dec. 31, 1881, were
disposed of in the following manner :
$55,250
8,584 acres sold for cash....
3,654 acres sold for cash and bills received...:
: 11,767
(25 years from the 12th of October, 1881), an annual sum of
4,032 acres sold on credit
14,575
$60,000, such $60,000 to rank next after the dividend on the
8 town lots, N. P. Junction
10o
preference shares of this company.”
Total
$81*796
The accounts of the American corporation show a balance to 16,271 acres.
contribute to the Alabama New Orleans Texas & Pacific Junc¬
tion Railways Company (Limited', for the period of the lease
The lands sold
..
March
THE
25, 1882.
TOTAL RECEIPTS FROM
received from land
$69,673
cSh received from stumpage
•
mils
received taken for land..........................
Bills
received taken for stumpage
Total
-
57,420-$127,094
$9,767
306,756— 316,524
$443,618
Camden & Atlantic Railroad.
(For the year ending December 31,1881.)
The aet earnings for 1881 were $139,016, and the* expenses
out of this were as follows: Interest on bonded debt and mort¬
gages, $70,099; interest on temporary loans, $9,748; State tax
for the year 1881, $8,064; sundry items, $5,925—$93,837, leaving
as net income for the year, $45,178, against $22,482 for 1S80.
The report says this result is the more gratifying when it is
remembered that, for the first time in its history, the road had
to compete during the entire year with two other roads oper¬
ating between the same terminal points, and seeking to obtain
for themselves the fare and freightage that otherwise might
have come to your road. This competition necessarily increased
the number of trains run by the company for the carriage of
passengers and freight during the year 1881 over the year
1880.
The
following is a comparative statement of the business
the years
I860 and 1881,
Prem.
Receipts.
1880.
Passeagers
Freight:
Express
Ferry
May’s
Lauding
1881.
$292,589 $269,510
106.958 121,912
32,460
31,021
51,726
59,219
Brauch
U. S. Mail
Rent of real es¬
3,135
3,744
2,143
4,256
tate
News Agency..
5,180
1,775
5,693
1,800
1,020
1,3G0
Div.of Sea View
Hotel Co
Prem. 2d mortg.
bonds
247
consol,
18S0.
of
1881.
mortg. bonds.
9.000
Train service...
6,962
Totals
$498,838 $512,880
Total operating
expenses
$371,626
Int. on bonded
$373,864
debt, taxes,&c. 104,728
93,837
Totals
Net income.
Div. declared..
Bal. to debit of
profit and loss.
$476,355 $467,701
99 4.89
45,178
42’, 544
20,061
2,508
GENERAL INVESTMENT NEWS.
Carolina Central.—A suit has been begun against this com¬
pany
by Mrs. Virginia B. Matthews, of New York, whose hus¬
band formerly controlled the company. At the time of the
recent sale of stock to the Raleigh & Gaston people, it was
understood that the Matthews claim had been settled, but Mrs.
Matthews now brings suit and asks for the appointment of a
receiver. The case has been set for a hearing before the
Circuit Court at Goldsboro, N. C., May 12 next.—RR. Gazette.
Chesapeake & Ohio.—At Richmond, March 16, the stockhold¬
ers of the Chesapeake & Ohio Railroad Company met in annual
session. President Huntington made a report covering the
operations of the road the past fifteen months. During that
period the extension of the main line to deep water of the
Chesapeake Bay at Newport News and connection with the
Southwestern system of railroads by means of the Elizabeth¬
town Lexington and Big Sandy Road have been made.
Presi¬
dent Huntington’s report shows a prosperous condition of the
company. Gross earnings for fifteen months, £3,375,9o8; ex¬
penses, $2,743,430; net earnings, $632,537.
A resolution was
adopted authorizing the directors to construct a branch road
from Newport News to Old Point Comfort. The old board of
directors
was
unanimously re-elected.
new directors of the Chicago & Iowa
meeting in Chicago, elected the follow¬
ing officers: F. H. Head, President; J. L. Lathrop, VicePresident ; J. C. Peasley, Treasurer; and L. O. Goddard,
Secretary. All these gentlemen, with the exception of Mr.
Head, are officers of the Chicago Burlington & Quincy. The
Chicago Tribune says : “ The Chicago & Iowa is now in the
hands of a receiver, but the Chicago Burlington & Quincy,
which owns the road, will redeem it as soon as possible, and will
then operate the line as a branch, and put on through trains
between Chicago and Rockford.
The Chicago & Iowa proper
runs from Chicago to Foreston.
But this line has a twentyfive years’ lease of the Chicago Rockford & Northern, which
runs from Rochelle to Rockford, and thus forms a through line
from Aurora to Rockford. This ends the fight which has been
going on for the possession of this road for some years past.”
Cleveland Tuscarawas Valley & Wheeling.—A receiver
was recently appointed for this road in a suit by the bond¬
holders. The earnings for the past two years were as follows :
Chicago & Iowa.—The
ALL SOURCES.
sales and interest
313
CHRONICLE.
Railroad Company, at a
1881.
Gross earnings
Expenses
Net
earnings
18S0.
$919,485
569,622
$596,397
382,094
$349,863
$211,303
Connotton Valley.—The directors of the Connotton Valley
Railway have adopted a reorganization plan, embracing the
affairs of that road and of the Connotton Valley & Straitsville
Road. The prominent features of the -plan are condensed by
the Boston Advertiser as follows: “The Connotton Valley bonds
are to be converted into like amounts of new 5 per cent bonds,
on which the interest will be increased to 6 per cent in three
years, with the addition of 35 per cent of the par value of the
old bond in 6 per cent preferred stock, each ’ holder of old
bonds being: called upon to take a new 6 per cent in the pro¬
portion of $125 in new bonds for each $1,000 of old bonds,
paying par therefor in four equal monthly instalments, begin¬
ning May 1, 1882. The Straitsville bondholders to receive new
5 per cent bends at par for old bonds at par, and to subscribe
for $250 of new 6 per cent bonds for each $1,000 of old bonds.
The new bonds are in three series, the first being “A,” 5 per
cent bonds increased to 6 per cent at the end of three yearp,
for redemption of Connotton Valley bonds, $2,600,000.
Series
“B,” at 5 per cent, for redemption of Straitsville bonds,
$2,150,000; series “C,” at 6 per cent, $2,250,000, for construc¬
tion of road, payment of floating debt, interest due May 1,
1882, on old bonds, etc. The yearly interest on the three series
of new bonds will amount to $372,500, which is but $100 more
than the interest on the present authorized issue on both roads
of $5,320,000, so that had the roads been completed upon the
original basis, the interest charge would have been but $100
proposed basis for the first three years.
the preferred stock is dependent upon
earnings in excess of interest upon bonds, and this is the only
encroachment upon the stockholding interest. The new bonds
are to be secured by a consolidated mortgage covering both
roads, and the three series, though bearing different rates of
interest, are to have equal security. The amount to be raised
upon the subscription to the new 6’s is $862,000, to pay interest
on bonds due May 1 and
other debts, and finish the Connotton
Valley and carry the Straitsville line to Coshocton, leaving a
less than upon the
The 6 per cent upon
of 6’s to the amount of something over $1,287,000 to
finish the whole consolidated road, in all 250 miles.”
The President of the company in a circular says: “In form¬
reserve
ing any plan, the following
two companies are distinct
facts must be kept in view: The
organizations, the only connection
Chicago Burlington & Quincy.—When the $8,000,000 of between them being the ownership by each of the other’s
Chicago Burlington & Quincy stock is put out next month, this stock, the Straitsville company* holding 12,874 shares of Con¬
road will have the largest capital of any single railroad corpo¬ notton Valley stock (amounting at its par value of $50 a share
ration in the country, with three exceptions—the Pennsylvania i;o $643,700) out of a total sum of 100,000 shares, the Connot¬
Railroad, which has something over $68,000,000; the New York ton Company owning within a few shares of the whole stock of
Central & Hudson River Railroad, which has $89,428,000 capi¬ the Straitsville Company of $2,000,000. The bonds of each
tal, and the New York Lake Erie & Western, which has company are liens upon the property of the company issuing
$83,247,000, The Chicago Burlington & Quincy will have a them. The Connotton Valley Company has all its bonds and
total of $62,308,196.—Boston Advertiser.
stock outstanding. For its relief there are required $544,500.
The Straitsville
Company has all its, stock outstand¬
Chicago & Eastern Illinois—Evansville & Terre Haute.— ing in the hands of the Connotton Valley Company. $570,Owing to the decision of the United States Supreme Court in 000 of its bonds (out of $2,720,000) are still unissued,
the Chicago Danville & Vincennes case, the consolidation of the
and it has $200,000 of money in the treasury, together
Chicago & Eastern Illinois and the Evansville & Terre Haute roads with the 12,874 shares of Connotton stock above mentioned. It
with the Louisville & Nashville will not take place May 1, as con¬
templated, but has been deferred until the complications aris¬ requires $435,250; add for Connotton Company (as above)
$544,500; total amount required to pay the debt of both roads,
ing from the decision of the Supreme Court have been adjusted.
President Mackey of the Eastern Illinois and Evansville & complete the Connotton Valley and build the Straitsville Road
to Coshocton, $979,750.
Deduct liabilities to be satisfied by 6
Terre Haute says the rumor afloat that the Louisville & Nash¬
per
cent
bonds
at
par
by
agreement with holders, $125,000.
ville would lose heavily by the decision is untrue, as the Louis¬
Cash to be raised, $854,750.”
ville & Nashville does not own any stock or bonds in the East¬
ern Illinois.
Elizabeth City Debt.—The City Council of Elizabeth, N. J.,
An arrangement had been made to consolidate
Hie Eastern Illinois and Terre Haute roads with the Louisville held a meeting this week to hear a report from a committee ap¬
& Nashville, but no stock had been
exchanged. The Chicago pointed to confer with the city’s creditors with reference
« Eastern
Illinois, President Mackey savs, was organized for to adjusting the debt.
The debt on February 1 was about
ike purpose of purchasing the Danville & Vincennes road, and $6,400,000.
The principal bondholders were the Singer Manu •
on the sale of the latter road
by order of .the court the former facturing Company, the Mutual Benefit Life Insurance Com«
roaa became the purchaser, paying $1,600,000 for it, and has
pany of Newark, the Goelet estate of New York, and the HStna
since spent $8,000,000 in equipping and placing the road in fine Fire Insurance Company of Hartford. After stating the dif«
order, which gives the Chicago & Eastern Illinois a lien for the Acuities which the committee had in getting the creditors to
original purchase money with accrued interest, together with agree as to any terms of adjustment, the report advises : Kji
the amount expended on the old Chicago Danville & Vincennes offer of the city to pay all creditors in 4 percent bonds,bearing
road.. The Chicago & Eastern Illinois, Mr. Mackey says, now interest semi-annually, on the basis of settlement of fifty cents
has, and will continue to have, possession of the road. The on the dollar ; to appoint a man by the Mayor whom the City
general offices of the company will not be removed to Evans¬ Council shall approve, who shall be employed to regulate the ex~
ville as had been contemplated, but will remain in Chicago.— change of the new for the old bonds; that the bonds shall run
from five to forty years at the option of the city, and that th#
Chicago Tribune.
THE
344
CHRONICLE-
[Vol. xxxiv.
shall be pat in the next tax levy, and $20,073; average miles operated, 118; February, $36,538; aver¬
only used for the benelit of the creditors who. accept the con¬ age miles operated, 135. The earnings for March are estimated
ditions of the reduced indebtedness.
The report was adopted, at $50,000. President Nickerson will soon call for a No. 3 sub¬
And on motion of Councilman Rankin it was resolved that the scription from No. 1 Mexican Central stockholders for about
City of Elizabeth should offer to settle its debt, by issuing $5,000,000.”
bonds for one-half the amount of the indebtedness ; that the
Missouri Pacific —The following is an, official statement
bonds be dated fiom July 1, 1SS2, and that the interest for the from tne New York World of the operations of the
Missouri
first year be added in the next levy of taxes, and the City At¬ Pac.lic
Railway Company for the year ending Dec. 31, 1831:
torney be authorized to prepare an ordinance calling for the j Gross earnings
$0,722/177
issue of the proposed new bonds. A committee of four mem¬ Income received l'rom dividends and interest on
investments
1,018,180
bers of the City Council was appointed to assist the Mayor’s
Committee in arranging with the creditors for the satisfactory
Gross receipts
$8,010,957
settlement, of the debt. The committee is as follows : \V. M. Expenses, operating
$;>,595,r'10
Expenses, taxes., rentals, «Sre
771. Jo;:
JDeutscli, G-. D. Rarmore, A. B. Knapp and F. J. Blatz.
interest for the first year
Galveston Houston
Interest
Henderson.—The Galveston News
x
has the
following: “In reply to the interrogatory of a iVews
representative, as to what plans he had with reference to Gal¬
veston Harbor, Mr. Huntington, on Tuesday last, remarked :
Gross
bonds
1,295,071
expenditures
5,575,491
Surplus available for divide-mis
Dividends paid during 5 ear
“
Wo have made no plans whatever. Wo think that tlic* Government
should attend to that. Wo would, of co.ur.st?, like to sen at. least twenty41ve feet of water ou the bar there, but have not the remotest idea of going
to work and deepening the channel at cur own expense.
We, have made
Net
•
surplus
3,005,46a
1,521,167
•;
•
$. .5 11,299
---
Balance to credit of income account Dee. 31, LSI
2,5iu,±57
r.
$4,057,756
Nashville Chattanooga «fc St. LouL.—The statement of
receipts and expenses for February and for tight months is as
follows :
by
which we
biit they were
‘-entirely satisfactory to
us. Galveston has before it a great future, and
is destined to become a place of great commercial importance. The
water on the bar will be deepened by the Government, I think, the
moment that the importance of such a work becomes manifest.
-
-
•
■
UlfCEU’TS.
,
February.
I.iylil months, JulyFebruary.
.
1881.
1832.
possible, from the tenor of the above, that Mr. Hunt¬ Passage
$33,005
$10,013
ington may not, be exactly aware of the flattering prospects Freight
114,216
111,266
which now exist for securing deep water at Galveston. It has Mail. A
3,623
3,623
8,151
2,062
been stated that engineers have reported unfavorably upon Kents and privileges...
the Galveston deep-water project to Mr. Huntington. Be this
$150,96 L
$100,806
as it may, it is in order that Mr. Huntington should be fur¬
EXPENSES.
nished with the very best information on the subject. He
Maintenance of way
$20,321
$21,033
«hoald know that the engineering plan now pursued has al¬ Motive power
24,429
30,193
8.705
9.353
ready given evidence of final success, and that an increased Maintenance of cars...
26.507
29,997
Conducting
transport’!!.
depth of water has resulted from the operations of last sum¬ General expenses
9,184
9,447
“It is
Surplus
over oper. ox.
Int’st on bonded debt
and taxes
New York
1880-81.
$352,566
46,515
906,437
28,520
10,228
$1,312,98.3
$1,393,752
$207,257
$203,565
2 L4,IS5
212,789
92,975
210,477
77,935
Moreover, he should likewise know that the Government
is at last fully aware of the importance of the work, and that
it is down for a very liberal sum in the general appropriation
bill. It might interest him to know further that possibly by
the time he gets his railroad line through from the Pacific
there will be water enough on the bar here to admit vessels
1831-82.
$364,503
867,977
28.04 L
...
mer.
■
Balance to credit of income account Dec. 31, 1880,
‘an arrangement, with the Galveston Houston
Hemlercou Itoad by which
we become half owners of the same, and intend to run our trains into
■Galveston from Houston over that line. The terms
■obtained this advantage have not been.made public,
on
91,714
210,165
64,957
$89,925
$70,035
$99,312
$794,580
$857,743
$91,553
$518,403
$536,003
46,057
39,391
361,013
313,616
Stock Exchange.—Afc its regular
meeting the
Governing Committee of the Stock Exchange listed the followfeet.”
Hannibal & St. Joseph.—The trustees of the Hannibal & ing new securities:
Missouri Kansas & Texas Hallway—Additional general consolidated
€>t. Joseph Railroad have filed in the United States Circuit
mortgage bonds on 46 9-10 miles of new
road, $038,000, and
•Court at Jefferson City, an amended bill in equity, and after $780,OuO of the same bonds ou the 39 miles of road pure!, used from the
•reciting the acts of the Assembly under which the lien was Dallas & Wichita Company.
Chicago St. Paul Minneapolis & Omaha—Additional consolidated
•created, an order to restrain and enjoin the sale,of the road is
mortgage bonds on 100 35 miLes of new road, including the Norfolk
relief
asked. The
especially asked for is that the $3,000,000 Branch, North Wisconsin Division, Superior Branch and Ckinyewa
paid the State be adjudged a full payment of all liability of Falls & Northern Railway, $1,509,000.
Gulf Colorado A Santa Fe Railway—Additional first mortgage bonds
the company to the State; that the mortgage and lien of the
on 51 miles of newly-completed road, $612,000.
State be adjudged vested in the trustees, and that if the court
Detroit Mackinac & Marquette Railroad Company—Capital stock,
decides to the contrary, than the $3,000,000 paid in June, with $6,250,000; first mortgage bonds, $2,230,000; land grant bond?, $4,*
the interest and income thereof, be repaid to the trustees. The 560,000; and. income bonds, $1,500,000. T he route of ii:o litnvof this
is from Point St. fgnace, on the north side, of 1 tie Strait3 0f
respondents are the Attorney-General, State Auditor, Fund company
MacKimVc, through Mackinac. Chippewa, School raff and Marquette
drawing eighteen
or twenty
Commissioners, State
and the Hannibal & St.
granted fifteen days to
Treasurers,
Joseph Railroad Company.
They
Citv. The length of the lino completed and in
operation is 152 miles, and there are projected 4S miles of additiomilroad
Irani a point on the main lino to Sault Ste Marie.
The M. fropalitaiiNa¬
counties to Marquette
are
?
Tplead.
Indianapolis & St. Louis.—The Indianapolis News of
tional Bank is the company’s transfer agent.
Northern Pacific.—The track is
,
"March 17 says: “ Ritter & Ritter, of this city, attorneys for
Charles O’Conor, of New York, have served notice upon John
T. Dye, attorney for the Indianapolis & St. Louis Railroad, that
April 3 next they will file an application in the United States
appointment of a receiver to take charge of and
operate the property. Mr. O’Conor is the owner of $35,000
bonds of the second issue < f th ? Indianapolis & St. Louis Com¬
pany, dated October, 1870, and on which, it is alleged, the
interest has been defaulted since April 1, 1873.”
Louisville & Nashville.—The following is a comparative
.statement of earnings and expenses for cadi m-eiith mimei in
the past two fiscal ye
on
Court fortlie
U. t
1
*
J
•
.Si)
...
/.s'
/ .-*'//.
953,1 S0
425.* 12
9 i
303,130
1,810
only
$ i 72,5. 6
August
‘27,(6--8
9 >1,910
1 060,320
.
Sepfemb’r
Oet oln r
Novcnib’r
December
..
Tot .€
mo.°.
January-.
•February.
Aliuv.il
April
Mmv
June
Tut-G
mos.
Totfor
*
C.ro
In7.
1,84 >
1,- 4)
1, - SO
1.04O
1,8 JO
earn
.
x< t
cur) <5; w.
s
3,181
:y :j).90L
313.600
3 -3, :i\: 3
410.358
a
$5,16 1,13 1 $2,1 -7,-11
r.if/Hj
55 '
ore
,’S.
■cam inqr.
tpS i 7.!f .5
$. 1 1.370
870,. 13 *
3JJ,00 1.
3S 9,70 :
4 9,459
<
1v
>,
/
'05
1.003,! 950
*
1,0060 *J kl
1,15:1, IT 8
•>.-W 6,815
$0 1 6.959
$250,393
1 .8 ](•
$90 1.577
5.12 1
917.959
20 1,500
1.040
1,0 JO
»0:Jo,o J»0
361 ,-J 6.5
850,063
828.725
1,22 , ,885
31 7.1-7
1,8-0
30-0.3 wO
l,s to
51 3,710
1,810
ti
:
90,276
43 1,508
(IK
-
<i.
1 ,‘3,5
] .055
1 '■ > 5
,
J
,03-5
25 ‘7 1
2,07 1
:vj
i «>.
_
i
2,028-.
371,125
$5 /l7 7,516 $2,010,706
higher to-day, the
seven per cent bonds advancing from
The Mexican Central Railroad reached Queretaro the
•middle of February, and on February 16 b-gan the operation
of 153 miles out from the City of Mexico, where 13S miles had
previously been operated. The earnings for January and Feb-
compare as
idienvoi
-
Portland,
line of 070 miles eastward from
aining to
miles of
■mg
fore
1
imnd
on
111
ra«*ilic
Work
is
also
slope,
completi
ward ('ii the Roc.by Mountains.division.
mntaiim divisi- >n
Two funnois. one near
Galena and one at Boz email, nr--1 being driven as rapidly as pos¬
Oregon.
With rh.-* 145 miles of the Pacific diwsian.
Paget >S >und, this will make
an
a.rouvirat'
of
r
(;>
teiminus95
ready for
track-laving, with an additional 50 miles of steel mils011 the
way to the Pacific by sailing vessels.—Dost ;;•> Advertiser.
The Northern Pad ic Company is constructing a number of
branches to develop its land grant and serve as feeders to its
Vice-President Oakes gave a Ti ibuno reporter the
following account of these branches :
“In 1881 the company built forty-five miles of the Casselton
Branch, diverging from the main line at Casselton, Dakota, 291
miles from St. Paul, and running to Mayville. It also graded
the Little Falls & Dakota Branch, from Little Fails to
.Morris, in Minnesota, a distance of eighty miles, the Fergus
Falls & Black Hills Road from Wadover to Fergus Pahs, m
Minnesota, fifty miles, the Fargo & Southwestern Branch, from
Fargo fifty miles in a southwestern direction, and tlie James¬
town & Northern Branch for a distance cf twenty-five
nj1^*
This year the company will kiy the rails on the Jamestown
Branch and the branch from Little Falls to Morris. \Ve har
main line.
yr.$10,911,650 $1,198,518
have been received, and
open a c
—
$1 to 85.
<4.stance
The company has on hand at the Montana
miles of steel rails, and on the Pacific side 100 iniLs,
Approximate.
TTuary
cl via miles from Yvkilluli. To, o •riii died raile3
T*
of track are to b*finished by the 3 bh of S p:ember,
which, will bring the road to Missoula, in Western M* ntana, and
ft
sible.
$2.2 51,019
Mexican Central.—The Boston Transcript's financial arti¬
cle-March 22 had the following: “Mexican Central securities
were
down in the Yellow¬
more
Mien
Or-
now
Valley to a point 125 miles west of Glendire and 20 miles
beyond the mouth of the Little Rosebud. The open winter
has been favorable for work, and grading and track-lay lug have
scarcely been interrupted. 'Ihero have been hud C .) miles of
track in the Yellowstone Valley during the winter months.
They expect to reach Ceiilsfou, 225 miles west of Glendire, in
Hie month of June, and will bq at Bozeinan, at the eastern
slope of the Rocky Mountains, by September 1, making over
1,000 miles of completed track on this side of ih- m u:stains.
On the IVrifio slope the road was opened Ja-fi fAi UyPend
d’Oeeiile Lak ». X will reach Rock River by tile end of March,
stone
follows: January,
7
8
1
8
9
THE
March 23, 1882.]
CHH0N1CLE.
315
already laid tlie rails oa the road to Fergus Falls and shall new iron, The
is sufficient and in excellent order*
complete it this season to Breekenridge on the Dakota boun¬ and the roadwayequipment
is in good condition, so that the property as
dary, thirty miles further. We shall also extend the Casselton a whole is in far better condition than ever before since
the war.
Branch ninety-five miles to the Canada line, where a connection
The earnings since 1870 have been:
will be formed with the Manitoba & Southwestern, a Cana¬
Gross.
Net.
I
Gross.
Net.
$1,023,427
dian company owned by those who control the Northern
$432,071 | 18S0
$1,217,750
$341,902
1,011.801
371,031
j 1881
1,233,901
Pacific.”
* * *
500,951
1.052,023
337,745 |
“At ihe eastern end of the main line of the Northern Pacific
The average gross earnings per year for twelve
years past
the road has been finished to Superior City, and is under active
construction ninety-five miles further to the Montreal River,
the boundary line between Wisconsin and Michigan, where it is
^>j (.tv.
fully
to meet a road now building westward froni the Straits of
property.
Mackinac. The original charter of the company authorized an
The present debt of the road is :
eastern terminus at the Montreal River, so the road from Old first mortar., sterling, 5
per cent
£255,375'2>$i*3GG5=$l,242,782
Superior City to that point must be regarded as a part of the Old ling, mortg., demeatie, 7 per cent
779,500
New llr.st mortgage, consolidated, 6
main line, in Montana two brandies are proposed.
per
3,112,725
We shall New second mortgage, consolidated, 0 cent
per cent
' 774,000
locate, and perhaps grade, this summer a line from Billings, at
Total fixed interest charges on above debt.......
the eastern base of the Rocky Mountains, sixty miles
343,907
in
a
mih
Third mortgage income, 0 per cent, $2,536,312 ;
southwestern direction to the Yellowstone Park, and we con¬
interest per
template a branch from Little Blackfoot River up the Deer year, $152,178 ; capital stock, $4,195,520 (balance of the author¬
Lodge Valiev to Butte City, the chief mining point in Montana, ized issue is in hands of trustees for cancellation.)
The company has in its treasury for
a. town now iarger than Leadville and
improvements new first
yielding greater returns
of the precious metals. On the Pacific*Slope a branch is under consol, mortg. bonds, $138,000; new second, $350,000; new third
construction diverging from the- main line of the Northern income, $403,037. Cash on hand, $214,224.
And the trustees of the first consolidated
Pacific at a point fifty miles north of Wallula, and
mortgage hold
running
eastward to Colfax in the celebrated Falouse wheat
to take up prior lien bonds.
country. exclusively
New first consol, inertg. bonds
$1,749,000
By the end of the year we shall have finished about 425 miles New second
2
170,000
of branches.
The policy of the company in
Cash
constructing
103,282
branches is to let about a year intervene between the
grading
Floating debt of company, $150,000, being loan secured by
and the track-laying. During the year’s delay sellers come
new consolidated mortgage bonds.
$200,000
into the country on the assurance of the
early completion of
The company is now engaged in
extending its tracks to the
the branch, and thus by the time it is opened for business there
water, where it owns an extensive front with deep water, and
is traffic to sustain it.”
will immediately build wharves and
freight warehouses. The
Philadelphia & Reading.—The gross receipts from the completion of this improvement will save one handling of
railroads, canals, steam colliers and coal barges in
February all through freight, and the dray age rendered unnecessary
were $1,290,421 and the net
receipts $410,092; for the fiscal year will alone save the company $50,000 per annum when the
since Nov. 30,1881, the gross receipts were
$4,644,384 and the improvements are completed. The directors of the road are
net receipts $1,870,705. The gross
receipts of the Philadelphia John H. Fisher, lately Receiver, Samuel Sloan, J. J. Higgin& Reading Coal & Iron Co. in February were $878,584
and net son, E. E. Chase, F. A. Stout, H. C. Hardy and Henry P. Tal$22,564 ; since Nov. 30 gross receipts, $3,207,702; net, $152,405. madge of New York, and Andrew Simonds and W. II. BrawThe total receipts of both companies
together for each month ley of Charleston.
of the fiscal year have been as follows :
Trunk Line Pooling Agreements.—The east-bound
Gross Receipts.
freight
Net Receipts.
pooling
1880-81.
agreement and the passenger pooling agreement
1881-82.
18S0-81.
1881-82.
December
$2,237,045 $3,231,077
$540,450
$937,542 were officially ratified on Thursday by the New \rork Cen¬
.January
2,153,378
2,451,460
554,709
010,913 tral & Hudson, the New York Lake Erie & Western, the Penn¬
February
2,140,053
2,109,005
031,402
438,056 sylvania and the Grand Trunk railroad
companies. The as¬
iiuu
mu.!
er
,
Total.
$G,530,470
.
—It is reported in
$7,852,14S
$1,720,027
$2,023,111
Philadelphia that the McCalmont Brothers,
of London, the largest foreign holders of the
Reading Railroad
bonds, have advised their counsel to discontinue further oppo¬
sition to President Gowen’s deferred bond scheme. This action
is alleged to be taken after most careful
consideration by their
legal advisers on the ground that it would be both undesirable
and ill-advised to raise an issue in the United States courts
with
the Supreme Bench of Pennsylvania, which has decided
the
bonds to be legal.
Pittsburg Cincinnati & St. Louis
18S1 shows the results of the
Gross earnings
—The annual report for
year’s operations
follows
as
:
$1,009,053
2,759,740
Expenses
Net earnings
Received for rent of equipment and interest
Total revenue
Payments of interest on bonds
Other payments
on
investments.
$1,303,313
22,009
1,331,983
810,909
sent of
the Baltimore & Ohio Railroad to these
agreements is
also said to be assured, and the formal
signature of its execu¬
tive officers will be given in a few days. The Tribune
gives
the following summary : “The freight agreement provides for
the division of all east-bound dead freight passing
through or
originating at the western termini of the live trunk lines. Per¬
centages are to be based, in a general way, on the pro¬
portion of the total east-bound dead tonnage carried by
each road in 1880.
It is provided, however, that claims
may be made for an increased percentage by any of the
roads, but these claims, if not allowed by agreement of the
roads themselves, are to be determined by arbitration. Con¬
ditions are also specified by which any line can obtain an
increase of its percentage if allowed alter arbitratio i or
by
consent of the other lines.
These conditions relate
to the possible opening of new branch roads or the
principally
securing of
connections. Each revision made for a specific reason,
however, is to hold good for one. year afterward. The per¬
221,300
centages will be fixed on each class of freight, instead of being
Total.
booed on the gross traffic included in all classes. Settlement
$1,608,130
Protit for yearou nou n ir.u
203,8
53
by
those roads which may carry more freight, than their poo !
Logs on operating LUtl?. Miami
207,407
with such lines as are deficient in their allured ton~
Cincinnati iz MuskiuicunrYailLy Railroad
proportion
8 1,724
Total losses on lmsod lines..
nage are to Do made every month, in money.
No allowance is
352,191
To which add one-half loss on Sr. I.. Van. & T. II'.
HIE..
170,115 granted from the gross tariff value of the excess tonnage of any
Total losses out due ol main lino.
522,047 line for the expense of transporting it.
beiuct prolli, on m ain line
Tin’s provision, it is
2*3 5.85"
loss on ail lines for the year
claimed,
will
induce
tlie
roads
to
as
keep
closely
as possible ia
253,78
their actual business within their allotted percentages.
St. Louis Iron Mountain & Southern.—The N. Y.
Times:
“The new east-bound agreement practically lestablishes the
reports that a suit was begun a few days ago, in the
Supreme old board of three arbitrators to which railroad disputes were
Court in this city, by
Charles II. Sanford against the St. Louis referred before the outbreak of the rate war of last
year. The
Iron MouahTiu &'Southern Railroad
Company, to compel an arbitrators, however, have not yet been selected. It is pro¬
amounting of the earnings and expenditures of that
vided that $525,000 :shall be placed by the live trank lines to
corpora¬
tion chning the
past two years. This is for the purpose of rhe credit of Commissioner Fink, from which fund he is to
pay
obtaining interest oa the income bonds, or to have the mortgage the
monthly differences between the various roads. The New
bonds which were
placed in the hands of trustees surrendered York Central is to put up $150,0°0 of this gross amount the
to tire bondholders.
The amount involved in the suit
Pennsylvania $125,000, the Erie $100,000 and the Bain in ore &
by Mr. Sanford is about $59,090, but the total amountbrought
of the
Ohio and the Grand Trunk of Canada $75,000 each. The
income bonds now
outstanding is understood to be in the neigh¬ freight agreements exclude live stock, coal, iron ore and
borhood of $2,000,000, The
Secretary of the St. Louis Iron petroleum from the general business covered. It is expected,
mountain A Southern Railroad
Company admitted that no however, that steps will soon be taken to establish a pool on
Everest had been
paid on the income bonds during the past east-bound live stock. The
two years, and
percentage? of the roads have yet
gave as a reason therefor that the
new
-
.-
..
...
company
spent
$1,100,000 in 1880 and about the same amount in 1881
tnaking necessary repairs and improvements. In order to put
the road in condition to
take care of the increasing business it
had been
found
to be fixed. It is understood that when the matter is considered
the Erie will claim a considerably larger amount than its re¬
corded
proportion of the total tonnage in 1SS0. The east-bound
agreement is to date from March 13 and to
run
five years.
absolutely necessary to relay the entire 700
“The trunk line passenger pooling agreement is based on the
jmie3 of roadway with steel rails, reballast the road, build new same general principles
as those which govern the freight
Midges, and add to the rolling stock.
agreement. The business of 1889 is to be taken as the guide
South Carolina Raihv ay.—A circular issued from the office in
allotting percentages. All passenger traffic is to be pooled,
ot this
reorganized company under date of March 11, says the excepting such as is unmistakably local to one particular line.
road now extends
from Charleston to Augusta, 137 miles, and The total amount of
money guaranteed to be placed by the
ias
branches from Branchville (02 miles from
Charleston) to five trunk lines to the credit of Commissioner Fink jS $305,000.
plumbia, 08 miles, and from Kingsville on the Columbia This agreement also is to last five years, and all
questions aris¬
S™*™. to Camden, 38 miles. Total length, 243 miles. Of ing under it are
subject ultimately to the decision of the Board
wo *05 miles
of main line, 90 are laid with steel and 22 with of Arbitration.”
[Vol. XXXIV.
CHRONICLE.
THE
346
COTTON.
Jpte Commercial 'i*imcs.
Friday, P. M. , March 24, 1882.
The Movement op the Crop, as indicated by our
from th« South to-night, is given below. For the
this evening (March 24), the total receipts
telegrams
week endiig
COMMERCIAL EPITOME.
have reached 61,916
bales, against 57,454 bales last week, 58,747 bales the previous
Friday Night, March 24,1882.
week and 51,980 bales three weeks since; making the total
Spring trade has made fair progress during the past week. receipts since the 1st of September, 1881, 4,236,605 bales, against
The floods in the Mississippi Valley have further abated, and 5,012,112 bales for the same period of 1880-81, showing a decrease
all danger of serious consequences from them to the next crop since September 1,1881, of 775,507 bales.
may be said to have passed.
The weather is fairly spring¬ Receipts at— Sat. Mon. Tuts. Wed. Thurs. Fri. Total.
like, though the temperature is rather low. Reduced stocks
980
614
5,560
675
1,162
237
1,892
Galveston
72
and smaller supplies of staple articles of food have stimulated
72
Indianola, &c.
807 13,148
1,125
2,683
2,217
2,453
3,863
speculation in them, and exports have been so materially New Orleans...
782
615
163
4,154
444
1,108
1,042
retarded that ocean freights have declined to nominal figures. Mobile
82
82
Provisions have been very variable during the week, but on Florida
656
698
5,931
811
905
1,859
1,002
Savannah
the whole the market can be said to run in the interest of those
Brunsw’k, Ac.
884
5,616
1,026
442
1,385
advocating higher prices. This results from strong Western Charleston
398
1,481
285
285
markets and increased speculation in corn at higher prices.
Pt. Royal, Ac.
242
225
413
271
1,747
317
279
To-day old mess pork was sold on the spot at $16 50@16 62%; Wilmington
184
184
Moreli’dC.,Ac*
new quoted $17 50; April options, $17 40(0)17 50; May, $17 50@
2,266
11,971
2,835
2,280
2,001
1,167
1,422
Norfolk
1,916
17 60. Bacon 'is strong at 9%c. for long clear. Cut meats
1,916
City Point, Ac.
361
153
110
1,496
523
190
159
firm. Lard advanced to-day after a lower market yesterday. New York
1,229
8,660
1,010
2,138 1,320 1,362 1,601
Prime Western was sold on the spot at 10*95c.; April contracts Boston
19
19
realized 10*90@10 92^>c., closing 10*95c,; May, 10*97>i@ll*02^c.> Baltimore
350
369
30
1,075
45
281
Philadelp’a, &c.
closing 1105c; June closed at llT5c.; July, ll*20c.; August,
8,894 i 11,439 I 61,916
9,411 13,242 1 8,840 10,090
ll*25c.; September, ll*30c.; seller year, 10*82/^c. Refined to Totals this week
the Continent, ll*15c. Beef firm at $26@27 for extra India
For comparison, we give the following table showing the week’s
mess.
Beef hams quoted at. $21@22. Butter is firm for fine total receipts, the total since Sept. 1,1881, and the stocks to-night
grades. Cheese is steady at 9@10%c. for fair to prime State and the same items for the corresponding periods of last year.
Slock.
1880-81.
1881-82.
factory. Tallow firm at 7%@7%c. Stearine dull at 11c.
....
....
•
•
.
....
.
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
Rio coffee has been
fairly active, but hardly so firm of late ;
fair cargoes close at 9%@10c.,
have been scarce and firm, but
with trade quiet. Mild grades
necessarily quiet under the cir¬
cumstances. Tea sold at pretty steady prices at several auction
sales of late ; at a large sale to-day prices, as a rule, were quite
Bfceady. Rice has been fairly active and firm ; buyers are tak¬
ing Rangoon rather more freely. Molasses has been firm for
the grocery grades, and refining stock has advanced to 38c. for
60-degrees test, with little here and a good business in cargoes
to arrive. Spices have been dull, and more or less depressed.
Foreign dried fruits have been quiet and without marked
change. Raw sugar has advanced to 7%c. for fair refining,
with a good demand, but trade checked to a great extent by
the firmness of holders.
Receipts since March 1
Bales since March 1
8tock March 22, 1882
Stock March 23, 1881
Hhds.
42,969
38,111
10,160
38,184
Boxes.
2,513
1,383
7,645
7,102
Refined has been active and advancing;
'
Bags.
-
53,102
102,080
320,796
910,499
Melado.
113
137
294
crushed closes at
Receipts to
March 24.
This
Since Sep.
This
Since Sep.
1,1881.
Week.
1,1880.
Week.
Galvestoh
Indianola, Ac.
265.035 305,728
12,979
13,350
134
13,148 1,108,637
243,015
4,154
82
Florida
26,794
685*298
5,931
Savannah
6,964
Bnmsw’k, Ac
Charles ten
5,616 466,176
285
22,757
Pt. Royal, Ac.
1,747 130,917
Wilmington....
184
25,682
M’head C., Ac
553,925
Norfolk
11,971
1,916 175,402
City Point, Ac
New York
1,496 139,512
179,163
8,660
Boston
19
14,096
Baltimore
1,075
56,545
Philadelp’a,Ac.
Total...-
50,589 100,865
14,513
38,024 1,346,250
3,784 353,052
388,372
72
Mobile
....
26,820
46,020
60,197
53,932
568,880
48,488
36,819
46,280
1,006
112,582
27,065
6,329
459
7,636
626,228
47,303
1,087
6,861
4,877
192,325
118,456
128,645
23,944
41,508
327,315 215,657
9,560
11,245
7,432
37,718
20,358 17,357
93,690 5,012,112
889,728 831,017
157
7,033
5,162
262
1,042
1,206
2,987
61,916 4,236,605
1881.
588,375
5,560
New Orleans...
1882.
20,069
796,902
4,830
5,086
3,900
*
•••••«
18,194
In order that comparison may be made with other years, we
10%c., powdered at 9%@10c., granulated weak at 10c. and give below the totals at
leading ports for six seasons.
standard soft white “ A ” at 9c.
1877.
1878.
1879.
1880.
1881.
1882.
Kentucky tobacco has been more active; sales for the week 1,200 Receipts at—
1,793
4,151
5,631
4,690
13,113
5,632
hhds., of which 1,150 for export. Prices have ruled firm; lugs Galve8t’n,&c.
14,290
New Orleans.
27,057
38,024
13,148
16,667
22,016
quoted at 6%@8c., and leaf 8/2(§)14%c. Seed leaf tobacco has Mobile
2,026
5,246
2,809
2,341
3,784
4,154
continued to meet with a brisk demand at steady prices. Sales Savannah....
2,779
8,222
8,194
3,500
5.931
7,033
1,556
3,454
for the week are 2,295 cases, as follows: 650 cases Pennsylvania Charl’st’n, Ac
2,888
3,996
5,901
5,424
766
788
1,895
1,821
1,501
1,931
fillers, 6@6/£c., Cs and Bs, 9@10c., assorted, 10%@17c., and Wilm’gt’n, Ac
3,358
7,719
11,353
6,240
8,723
13,887
Norfolk, Ac..
wrappers, 16@30c.; 500 cases New England seconds, 12@13%c.,
3,829
12,767
4,807
11,336
16,088
All others....
11,332
and wrappers, 14@35c.; 370 cases State fillers, 4%c., and as¬
30,397
65,470
60,698
53,419
93,690
61,916
sorted, 12@16c.; 600 cases Ohio fillers, 4%c., wrappers, 10@ Tot. this w’k.
14c., assorted, 6%@6%c., and 150 cases Wisconsin, 3%@12c% Since Sept. 1. 4236,605 5012,112 4447,669 4119,220 3893,458 3731,049
Galveeton includes Indianola; Charleston includes Port Royal, &c.J
all from the crop of 1880, and 25 cases New England, crop of
Wilmington includes Morehead City. &c.; Norfolk includes City Point, &c.
1879, private terms. Also 550 bales Havana 88c.@$1 20.
The exports for the week ending this evening reach a total
Naval stores have shown marked strength, and spirits tur¬ of 81,020 bales, of which 54,059 were to Great Britain, 15,396 to
pentine closed at 57@57%c., with the offerings very moderate. France and 11,565 to rest of the Continent, while the stocks as
Good strained rosin quoted at $2 37%@2 40. Refined petro¬ made up this evening are now 889,728 bales. Below are the
leum was higher and firm at 7%e, for export. Crude certifi¬ exports for the week and since September 1.1881.
From Sept. 1.1881, to Mch. 24,1882,
Week Ending Mch. 24.
cates have also advanced; to-day there were sales from 81% to
Exported to——
Exported to—
Exports
83%c., closing 82%@82%c. April options quoted 82%c; May,
CJntiGreat
Conti¬ Total
Great
Total.
from—
France
nent.
84%c.; June, 86%c.; July, 88%c. Ingot copper is firm at
Brit'n. France nent. Week. Britain.
19%c. for Lake. Hops dull and easy. Wool quiet, but fine Galveston
55,742 213,760
342
2,057 144,241 ~13,777
1,715
871.U7
189,199
191,212
490,789
5,751 40,847
New Orleans.. 21,325 13,771
qualities steady.
33,051
3,231
23.507
6,313
Mobile
Ocean freights have been moderately active, though at remark¬
|
|3,909
3,900
Florida
ably low rates. Grain has been taken by the Liverpool steamers Savannah
2,044 121,509 15,430 102,541 ^299,540
2,044
120,434 286,104
949
1,440
6,704 145,283 20,472
4,315
at Id. per bushel, but to-night l%d. was obtained; flour is Charleston *...
63,833
8,819
53,584
1,430
Wilmington...
277,950
shipped at 7s. 6d. per ton; bacon, 10@12s. 6d.; cheese, 17s. 6d.; Norfolk
15,840
259,539
2,530
7,122
7,122
51,522 343,448
20,0'6
070
cotton, 5-32@7-32d.; grain to London quoted 2%@3d.; do. to New York
1,745 18,419 271.81
15,998
103.240
1
103,239
3,584
3,584
79,994
Glasgow by steamer, 2d.; do. to Continental ports by steamer, Boston
29,910
243
243
50,084
Baltimore
40,479
200
Grain to Cork for orders was taken to-day at 4s. Philadelp’a,Ac
l%@2d.
40,279
per qr., and 3s. 9d. for July loading; residuum to Leith 3s.
2,616,545
Total
51,059 15,390 11,565 81,020 1,707,830 271,270 "037,439
7%d.; refined petroleum to Elsinore for orders, 4s. 3d.; do to
801.204 1335 709
424.109
Dutch ports, 3s. 4%d.; cases from Philadelphia to Japan 31@
Total 1880-81 08.419 10.979 31,509 110.907
.
°
•
••••••
•
«
•
•
•
•
•
•
•
.
•
...
•
•
.
•
•
...
°
......
«
a
®
.
.
B
—
33c.
......
••••
•
‘includes exports from Pert Royal, <fco
•
•
•
•
the
the
telegrams to-night also give
following amounts of cotton on shipboard, not cleared, at
addition to above exports, our
In
«s
CHRONICLE.
THE
25, 1882.J
March
"■egg
SO
Yale &
prepared for our special use by Messrs. Carey,
Lambert. 60 Beaver Street.
<rt-
Shipboard, not cleared—for
»■
Si
Leaving
Men. 24, at-
Great
Britain.
France.
Coast¬
wise.
Other
Foreign
Stock.
Total.
to
M
1
;
00
•'■os-
gff«
pi_>
•
—.
■
•
i-l
•
•
9 •
&
is:
r s;
^
to
00
a:
1
-2-1
►-1
6
p-pg,
-
C5
•
asgf
H.2!
"wSl
SS.B*
>
On
mi
el-8! Ii-2|
m
m
II-®?"
We add similar figures for New York, which
ports named.
Are
347
3:
3:
to
to
lit
k)
.
to
oo
® •
1
Mj>
27,577
8,850
1,193
5,700
13,202
fTew Orleans.
Mobil©
Charleston ..
flavannali...
Galveston..
.
292
None.
None.
None.
None.
None.
400
None.
None.
1,400
5.500
4.500
York.. .
ports..
Other
88,339
Total....
Total 1881
Total 1880
9,838
21.877
Norfolk
New
12,535
101,159
70,828
...
..
12,935
3,250
550
3.000
2,200
1,000
500
32,138 I 62,981
11,604 | 20,546
j
I
OJ
<1
«
CJK
5'*-£5
r*ho®
32,353
25,426
i
hog
626,993
676,366
204,019
J 103,209
© M
The total sales for forward
to
to
were
2,609 14,70
March 24
Sat.
Ordin’y.$lb
9%
Mon Toes
01
h-2
CD
a
oc
00
8trict Ord.. lOhe
Good Ord.. 10%
fitr.G’dOrd H616
Low Midd’g 113*
Btr.L’wMid 12
Middling... 12316
1291ft
1213m
Midd’g Fair 13° j0
Fair
14li«
Good Mid..
fitr. G’d Mid
9%
9%
9%
101,6
10%
HBi6
101^,6
10%
115,6
105,6
11%
11%
12
12
Ordiu’y.^B)
11916 H91« 119,6
12
12
12
12%
12%
12%
127,6 127,6
1213,6 121316
131,6 13%6
139,6 139lft
145,6 145,0
Wed
Tb.
Frl.
9%
9%
9%
9%
934
10%
115,6
Wed
9%
105,fl
10°i6
11%
11%
12
12%
Fri.
9%
127,6
1213,6
131,6
139,6
145,0
12716
1213,6
13%a
139,6
14°,6
Til.
Frl.
9%
9%
0
0
0
11%
11%
11%
119,6
11916
119,6
119,6
119,6 119,6
11%
11%
12
12
12
12
12
12
12
12
12%
12%
12%
12%
12%
12%
127,6
121316
131,6
139,6
127,6 1-2716 127,6
121316 1215,6 121310
13%6
139,6
i3iw 131,6
13*16 139,6
14°
145,6
145,6 145,6
Middling... 123, „ 12316 123J6
127,6 127,6
Good Mid.. 12«10 129,6 129,6 1213,0 1213,6
8tr. G’d Mid 121316-12I316 1213,6 13%6 131,6
Midd’g Fair 136,6 il3°,0 13516 139,6 139,6
Fair
14116 141,6 141,6 145,6 14°,6
16
Sat.
Mon Tnes Wed
Til.
9%e
10%6
She
9%6
91,6
101,6 101,6 101,6
9%«
9%6
ccnct Good
idle
10%6
Middling
10%
11%
10%
11%
10%
11%
10%
11%
STAINED.
Good Ordinary....
Ordinary
Low Middling
lb.
.
10%
11%
10%
11%
8ALE8 OF SPOT AND
€at.. Firm
Mon. Easier
Tues Quiet
Wed Firm
Thurs Dull
port.
sump.
Specul’t'n
TRAN8IT.
Tran¬
sit.
"
’
Dull and easier..
453
357
Total.
460
112
344
116
130
1,129
89
66
338
412
307
1,162
4,150
462
FUTURES.
Sales.
....
eries.
1,539
69,100
454
79,400
74,000
5,774 567,700
1,600
93,500
913 148,200
558 103,500
....
Deliv¬
200
300
300
200
300
300
1,461
1,461
.
*.
Ex¬
Con-
849
Th© daily deliveries given above ace accu illy delivered tlie day pre¬
on which they are reported.
vious to that
Prices of Futures are shown by the followlag comprehensive table. In this statement will be found the
©any market, the prices of sales for each month each day, and
the elosing bids, in addition to the daily and total sales.
,
Sales
and
00
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SIS
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Frl.
MARKET AND SALES
SPOT MARKET
CLOSED.
1 ©
-lOO^
11%
11%
1 ©
wto
tO 00 M
to
105,6 105,0 105,6
105,0 105,6
1116
CD-I
1 ©
MM
MM
12%
tf-oi
MM
to
0
12
12%
tOM
<1 ro
119,0 119,6
12
12
Til.
10%
115,6
Low Midd’g 11%
fitr. L’w Mid
11%
11%
U91«
101,6 101|6 105lft
Good Ord.. 10%
Str. G’d Orel iio18
11%
1118
12318 12316 127,« 127,6
12016 129,0 121316 1213l0
121316 121316 13lie 131,6
13° 16 139i6 139,6
14110 141-16 14o,6 145,6
Wed
9%
Strict Ord.. 10ll6
105,0 105,6 105,6
9%
MM
CD to
M
Mon. Tne*
9%
9%
9%
66
05 CA
M'^j
TEXAS.
Sat.
to to
6
to
to to
M
O
O
Mon Tue§
Sat.
to to
M
1
CD
NEW ORLEANS.
UPLANDS.
t: to
too
mm©
MM
■sales for each day of the past week.
Mch. 18 to
65
1
5,774 bales, including 1,162 for export, 4,150 for
462 for
fiW2.
Min T>
to to
I ©w
this week
consumption,
speculation and
in transit. Of the above, — bales
arrive.
The following are the official quotations and
*
*
6m
0*0^.
delivery for the week are 567,700
For immediate delivery the total sales foot up
©
MM
dull, middling uplands closing at 12 3-16c.
bales.
CD
P.
w
v* Wo^
to to
»-*
The
A
p
Ft;
to to®
o ^
h©.^ • h£7
1
to to
speculation in cotton for future delivery has been much
less active during the past week. An early decline was fol¬
lowed by a variable and unsettled market. Some depression
toward the close ot Saturday’s business was supplemented on
Monday by a sharp decline, attributed to the strike among the
spinners at Lawrence, Mass., the subsidence of the floods in the
Mississippi Valley, and some increase in the receipts at the
ports, all of which induced many of the late buyers for the
advance to become eager sellers. On Tuesday there was some
recovery, on reports of the renewal of rains at the South, but on
Wednesday the market was again depressed by reports of large
receipts at Bombay and dull foreign advices. This weakness
continued on Thursday under the confirmation of these reports,
together with ratherJTuller receipts at interior towns and indica¬
tions of an increase\in the overland movement.
To-day the
market was variable, closing with but slight changes 'from
yesterday. Cotton on the spot was quiet most of the week ; a
moderate demand has prevailed for home consumption, but
business for export has been small. To-day the market was
oo Oi
OwS?
£©«§
ca
761,340
j
6i_i^
M
E®?*,
•
320,415
70,650
128,388
7,741
2,231
1
31,836
,
49,297
5,000
4,867
22,197
^CA
16,570
10,250
4,983
10,900
18,236
21,877
6,900
425
None.
None.
None.
4,609
None.
214,793
50,242,
1 ©:
M
•
6-i©
71:*
001
CA
0
r-
•Includes sales In September, 1881, for September, 314,000; September-October for October, 416,400; September-November for November,
511,200; September December for December, 1,479,100; SeptembecJanuary for January, 4,252,500; September-February for February,
2,230,100; also sales for February, 1883, 800.
Transferable Orders—Saturday, 12*25c.; Monday, 12*05c.; Tuesday,
1215c.; Wednesday, 1210c.; Thursday,1210c.; Friday, 12*15c.
A Includes for February, 1883, 200 at 11-82.
The
•20
•68
•71
•56
"56
pd.
pd.
pd.
pd.
pd.
following exchanges have been made during
exch. 100 April for May.
exch. 200 April for Aug.
exch. 500 April for Aug.
exch. 1,200 Apr. for July.
to exch. 1,700 Apr. for July.
to
to
to
to
•06
*74
•18
•18
pd.
pd.
pd.
pd.
the week:
to exch. 100 Mar. for April.
to exch. 100 Mar. for Aug.
to exch. 700 April for May.
to exoh. 400 April for May.
made np by cable and
The Continental stocks are the figures
The Visible Supply ct Cotton, as
telegraph, is as follows.
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals the
complete figuras for to-night (Mch. 24), we add the item of exports
from the United States, including in it the exports of Friday only:
Stock at Liverpool
Stock at Loudon....
bales.
...........
Total Great Britain stock
.
1882.
1981.
1880.
776.000
849,000
573,000
837,000
896,100
61,000
47,100
187®.
549,00®
59,750
612,025 ' 608,750
39,02o
CHRONICLE.
THE
48
1881.
1880,.
137,000
2.320
138,000
5.000
48,930
2,130
43.500
25.100
0,000
37.000
1 882.
.bales.
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Hamburg
2,400
33,100
19.000
took at Rotterdam
took at Antwerp
tock at other conti’ntal porta.
4,250
25,250
37,800
287
1,080
1,410
1,400
9,388
S10
420
8.750
3.750
0,700
3,890
5,500
figures, of course, do not include overland receipts or
consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
whieh finally reaches the market through the out-ports. •'
Southern
RECEIPTS FROM PLANTATIONS.
Jan.
149,480 110.735
lb
13
44
20,...v
14
27
129,489 129,604
168,280 i 38.979
137.191 125.070
112.363 147,129
918.750
113,000
708,000
10.000
548,040
Feb.
131,403
12,000
American—
Liverpool stock
379,000
889.728
227.389
053,000
195,000
590,000
831,017
277,992
419,000
128,000
530,098
784,575
206,120
0,700
23,000
1.000
537,000
145,000
.
.
.
.
.
United States exports to-day.
414.000
207,000
708,000
549,040
.
Continental stocks
India afloat for Europe
.
.
Egypt, Brazil, <fco., afloat
154,000
135,000
39,025
8,148
149,404
43,000
113.000
54,000
190,000
47,100
02,190
183,000
32,000
25,078
10,000
733.995
520.590
375.715
366.750
239,000
01,000
103,995
270,000
.
Xiondon stock
.
Total East India, Ac
Total American
.
..2.184,817 2.500,009 2,134,793 2,080,509
.
imports into Continental ports this week have been
32,000 bales.
The above figures
Ecor r ©
3 s?S S
c
2.
71:
£
—'
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768,042
54, 31 1 ,768
*—
44
24
3
119,851 133.723
115,307 146,539
102.995 13^.359
78,151 133,931
44
10
64.368 140,126
49
17
II
24
49,611 10 8200
53,419 93,690
....
1SS2.
139^502
375,086j837,664
453,659 143,422 85,874
152,129
114,868 376.412 309.550 435,050 130,812 101.490 96,258
99,990 383.923 309,202 419,043 175,791 138,591 83,983
92,081 390,701 306.321 400.986 139,969 122,129 74,024
95,057 382.531 317,800 390.019 IC8396 158,674 84.0C0
86,779 371.03' 313.837 380.528 108,985 129,604 77,228
72,031 351,707 312.559 372,^54
60,160
341.022j3L7,68S
392,430
51,980 325.216 322,458 343,072
58.747 311,087 19 232 315,973
57,434 300.793i320.500 1284,393
61.9 In 286 2331300 513 1253,618
!s
95,349 145,232
92,310 143.397
63,95?
50,136
62,645 138.801 82,622
50,239 136,900 81,648
30.317 109,468 25,674
38,859 82,703 31,141
were
82,703 bales and for 1880 they
Amount of Cotton in sight
March 24.—In the table below
tions for the
were'
.
we
same
week
38,859 bales.
give the receipts from plantations in another form, and
add to them the net overland movement to March 1, and
also the takings by Southern spinners to the same date, so as to
give substantially the amount of cotton now in sight. We shall
continue this statement hereafter bringing it down to the close
X-
M
00
to
to©
jOM-vJX^^^IX*
to M cn -4 © © >—*
©— r-©X-C©
^4
MM
M
x*
M
MM
1881-82.
1880-81.
Receipts at the ports to March 21
bales.
Interior stocks in excess of Sept. 1 on Mcli. 24
4,?3c‘,60r>
208,193
5,012,112
270.675
Total receipts from plantations
Net nye.rland to March 1
Southern consumption to March 1
4,144,798
155,oC0
5,282,787
415,047
135,0:0
4,953.153
5,832,834
Total in
353,35
sight March 24.:
It will be seen
i
by the above that- the decrease in amount in sight
Weather Reports by Telegraph.—There has been but little
rain in the greater part of the South the past week; the weather
I E-gs s •" ctf?-0 Is-
§
as.®
g s$-Jl
kC ®
17
PUmt'ns,
1881. !
to-night, as compared with last year, is 879,631 bales.
g.oSSPP«&o?2,S
- <%
a>
©
44
| 1881.
]
1880.
of each week.
indicate a decrease in the cotton in sight
to-night of 161,787 bales as compared with the same date of 1881,
an increase of 408,304 bales
as compared with the corres¬
ponding date of 1880 and an increase of 471,553 bales as com
pared with 1879.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1880-81—is set out in detail iu the following statement:
1c
10
1882.
receipts from the
since Sept. 1, 1881-82 were 4,444,798 bales; in
1880-81 were 5,282,787 bales; in 1879-S0 were 4,718,904 bales.
2. That, although the receipts at the out-ports the past week
were 61,916 bales,-the actual movement from plantations wag
only 31,141 bales, the balance being taken from the stocks at
the interior towns.
Last year the receipts from the planta¬
59.750
.2.918,812 3,080.590 2,510,503 2,447.259
Total visible supply
7^8 l.
5'sb
olliad.
G3jfjd.
Price Mid. Upl., Liverpool...
The
1880.
plantations
131,403
12,000
East Indian,Brazil, dc
Liverpool stock
SVk at Interior Towns. Rec'ptsfrom
The above statement shows—1. That the total
.2,194,917 2,500,099 2,134,793 2.0S0 509
Total American
3
44
Meh
Of the above, the totals of American and other descriptions are as follows:
Continental stocks
American afloat for Europe...
United States stock
United States interior stocks.
1882.
1881.
1SS0.
6
2.91S.812 3,080,599 2.510,508 2,447,259
Total visible supply
Receipts at the Ports.
Week
ending—
310.000
748,173
119,40 4
530,098
25,078
784.575
200,120
1,000
23,000
0,700
Miat these
45,250
130,148
257,490
Total European stocks.. ..1 ,085.995 1,153,590
183.000
India cotton afloat for Europe. 270,000
580.000
Amer’n cotton afloat for Eur’pe 379,000
32,000
54,000
Egypt,Brazil, Ac., aflt for E’r’pe
831.017
889,728
Stock In United States porta ..
277,992
Stock In U. S. interior porta... 227.389
United States exports to-day..
27,128
3.000
-
22,340
20,900
248,995
Total continental ports....
,
1879.
172.500
2,000
42.750
[VOL. XXXIV.
$
x-©y m © j-© © ©©x-'—yx*-
tO'tOGDO'© © © MX©
Recipts.
past week, the rainfall reaching forty-six hundredths of an
©
^"1
M
tO_M
to M MW
©tO'vJW©tOWXXWXM*4©MM©*©M
The thermometer has averaged 65
Shreveport, Louisiana.—We have had fair weather
meh.
&5
M
being favorable in most .sections,, and farm operations have
made good progress. There has also been a marked subsidence,
of the flood in the Mississippi Valley, and the prospects are that
the river will soon be within its banks again.
Galveston, Texas.—We have had showers on two days of the
past week, and the remainder of the week has been pleasant.
The rainfall reached thirty-five hundredths of an inch. Both
com and cotton planting is making good progress.
Average
thermometer 68, highest 79 and lowest 57.
Indianola, Texas.—It has rained (drizzles) on two days of
the past week, the rainfall reaching four hundredths of an inch
The weather is generally favorable, and planting is making
good progress. Tne thermometer has averaged 69, the highest
being 81 and the lowest 57.
Dallas, Texas.—We have had no rain during the past week.
Farmers are busy plowing. It was quite cold on two days of
the week. The'thermometer has ranged from 37 to 83, aver¬
aging 60.
Brenham, Texas.—We have had no rain during the past
week. Plowing and planting are active. Average thermoine*
ter 62, highest 84 and lowest 50.
Palestine, Texas.—The days nave been warm but the nights
have been cold during the past week. We have had no rain
during the week.
Plowing and planting are making good
progress. The thermometer has ranged from 38 to 83, averag¬
ing 61.
New Orleans, Louisiana.—It has rained on one day of the
the past week with a light
reached three hundredths of
rain
during
rainfall
on the 20th. The
inch. The thermometer
an
has
ranged from 46 to 90.
C’l
^03
Vicksburg, Mississippi.—Telegram not received.
«
CO
© to to WM M
to Cl
J-I ©to ©M
p m to W W M C3 P © or —
Columbus, Mississippi.—It has rained on one day of the past
o*
bi I cc©'mVooo'won "co © c w © o'"© <i "w m © to b< © bbbx
to?r
to
©y
x^JO©r-©MM*jco-lWMK;c:co©©©
week, the rainfall reaching forty-nine hundredths of an inch.
CO
1 0DX*©O©C'l
©
to
M X-1 O'
^1 C3
»4 X
M
Average thermometer 66, highest 90 and lowest 33.
This year's figures estimated.
Little Rock, Arkansas.—Tuesday and Wednesday of theThe above totals show that the old interior stocks have de¬
creased during the week 25,284 bales, and are to-night 50,603 past week were clear, and the remainder of the week lias been
cloudy, with rain on Monday. The rainfall reached eighty-one
bales less than at the same period last year. The receipts at hundredths of an
inch. The thermometer has ranged from 3s
the same towns have been 11,227 bales less than the same week
to 83, averaging 59.
last year, and since Sept. 1 the receipts at all the towns are
Nashville, Tennessee.—It has rained on four days of the
432,142 bales less than for the same time in 1880-81.
past week, on all but one of which slightly. The rainfall
Receipts from the Plantations.—The following table is reached one inch and
forty-two hundredths. Over half of theprepared for the purpose of indicating the actual movement each receipts this week was through cotton, stopped to compress*
week from the plantations. Receipts at the outports are some- Average thermometer 57,
highest 82 and lowest 32.
Vmes misleading, as they are made up more largely one year
Mobile, Alabama.—It has been showery on one day of the
than another, at the expense of the interior stocks. We reach, past week, and the balance of the week has been pleasant. Ah0,
therefore, a safer conclusion through a comparative statement rainfall reached fourteen hundredths of an inch. The ther¬
liie the fallowing. In reply to frequent inquiries we will add mometer ha3 ranged from 46 to 81,
averaging 65.
M
W
s
WCIOIXC- tox-'—*X©X© — tO*-M©©
Cn©Ot-l*4©W©i— MtOGnioXtOtCtOW©
3#
!
w
©
to
-1
M
—'
I-*
M (JO
M to
i—
m
co cc —i m
1
m
co
X ©
X to X ©
—
Ot
to
y
•
March 25, 1882. J
THE
CHRONICLE.
Alabama.—During* the early part of the past
had rain on two days, but the latter portion has been
The rainfall reached thirty-four
clear and pleasant, but cold.
hundredths of an inch. Planting is making good progress this
week. The thermometer has averaged G4, the highest being 86
and the lowest 39.
Selma, Alabama.—It has rained on one day of .the past
week, and the remainder of the week has been pleasant. The
rainfall reached fiifty-eight hundredths of an inch. The ther¬
mometer has averaged 62.
Madison, Florida—Telegram not received.
Macon, Georgia.—Telegram not received.
Columbus, Georgia.—We have had no rain
during the past
week. The thermometer has ranged from 51 to 73,
averag¬
Montgomery,
week
we
349
The Liverpool Cotton
Exchange.—It has been intimated
the Brokers’ Association that
by
any of their members who should
join the Exchange would be liable to be
body. Nevertheless, no notice, as far as expelled from their
known, has been
taken of the fact that a
partner of one of the oldest and most
eminent firms of brokers and
members of the association
appears among the shareholders of the new
organization.
Ellison & Co.’s Circular for March—We
have this week
received Mr. Ellison’s circular dated
March 9, and give it
below:
Course
of
Liverpool Market, Feb. 9
the
March 9.
to
Our last report was issued on
the 9th February.
The
ing 65.
market had been
very weak during the previous six
Savannah, Georgia.—The weather has been pleasant during the influence of
days under
depressing news from New York and New
the past week, with no rain. The thermometer has
averaged Orleans (at both of which places heavy failures were
65, the highest being 87 and the lowest 41.
place), discouraging accounts from ‘ Manchester, andtaking
dear
Georgia.—We have had no rain during the past money. The downward
tendency of prices continued until tho
week. Th3 weather has been clear and pleasant. Farmers are 14th
ult., by which time middling Upland had fallen to
6%d.
very busy planting grain and preparing land for cotton. and to 6 5-16d. for back dates.
As these prices were
%d. to
Average thermometer 63, highest 89 and lowest 38.
7-16d. per lb. lower than the rates
current only
month pre¬
Atlanta, Georgia.—We have had rain on one
day of the viously, and about Id. per lb. below the rates whicha the “ bulls”
past week, the rainfall reaching eleven hnndredths of an inch. in December had expected to see before
the middle of Feb¬
The thermometer has ranged from 33 to 82,
averaging 58.
ruary, buyers plucked up courage, and between the
14th and
Charleston, South Carolina.—We have had no rain
during 21st ult. there was a recovery of V6d. in spots and 11 to 14
the past week. The thermometer has
averaged 63, ranging points (sixty-fourths) in futures. The buyers,
from 40 to 85.
however, were
chiefly “bears” covering previous sales, and the advance
The following statement we have also received
caused
by telegraph, them to become sellers rather than buyers;
during the subse¬
showing the height of the rivers at the points named at 3 o’clock quent two days, therefore, there was
a reaction of l-16d.
March 23,1882, and March 24, 1881.
on
the spot and of 7 to 10
points in futures. Moreover, the rise
had received no
encouragement from Mancheter, where busi¬
Mch. 23, '82. Mch. 24, '81.
ness was so bad that the
advisability of the adoption of “ short
time ” was already being discussed.
Feet. Inch.
Feet. Inch.
But the continued extra¬
Now Orleans
.Below liigli-water mark
O
'Augusta,
.
.Above
...Above
Above
.Above
Memphis
..
Nashville
Shreveport
Vicksburg
..
low-water mark.
low-water mark.
low-water mark.
low-water mark.
..
34
19
27
48
8
10
1
4
1
2
22
17
20
40
7
7
11
11
8
New Orleans reported below high-water mark of
1871 until
gepfc. 9,1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot
above
1871.
16 feet above low-water mark at that point.
or
ordinarily small American receipts
the
impression that
after all tho smallest
crop estimates might not be far
astray, in
which case a pinch for cotton
might
be
felt in the autumn.
Under such circumstances
middling upland under 6/£d. was not
considered to be much out of the
way; buyers therefore once
more preponderated, and
between the 23d and 27th ult. there
was an advance of
%d. on the spot and of 9 to 11
points in
futures. Manchester, however, remained
stubborn, and half
of the advance was lost between the
27th ult. and the 1st inst.
Since then the tone has
gradually improved,
gave
New York Cotton Exchange.—The
since
membership referred to Tuesday (the 7th inst.) on which day renewedespecially
11th inst. to be disposed of at auction has been
life was im¬
so offered
parted to the market by the anticipation of more
and sold at $4,825, the buyer
activity in
paying
the
transfer fee of $25. Manchester in consequence of the removal
of the Indian
It has been stated by the
import
daily press that in selling this seat duti-s. Prices have, therefore,
Mr. Henry Hentz severed his
gained %d. on the spot, and 5
far from to 8 for futures. For the month there is a net
membership.
That
is
correct. Mr. Hentz has been identified with the
advance of %d.
New York Cot¬ in spots, and 3 to 6
points in futures. Brazils are l-16d.to %d.9
ton Exchange ever since its
establishment, and has not the and Brown
%d. higher; but Surats are l-16d. to %d.
least idea of
disconnecting himself with it. The seat was sold lower. Au Egyptian
unusually
large business has been done in Surats to
by the firm to settle a dispute with an out-of-town
party, and arrive during the past few days at. hardening
was an extra seat
pi ices.
purchased by them and transferred to Mr.
The following is an account of the
Hentz on the 25th of
principal
fluctuations in
January last.
the price of middling
The Board of Managers have
uplands on the spot and for forward
abopted the following resolu¬ delivery during the month. The fractional
tion, viz.: “ That a ballot be taken on
quotations for
Aprils on the question “ futures” are given in 64ths of a penny.
whether or not the Board of
Managers shall "purchase a lot of
on
1
•
round and
thereon,
at a cost not to exceed
f800,000
erect aofbuilding
(inclusive
the property
now owned), and that
a no¬
tice of the proposed ballot be
sent by mail to each member of
the Exchange.
The Cotton
Exchange room has been greatly improved this
week by the removal of the
Superintendent’s office to another
part of the building. Besides
having gained in space, in light,
and better circulation of
air,
the appearance of the room is
also greatly
improved. Still, more height is wanting.
The following are the visitors
to the Co .ton Exchange
the last two weeks:
Clias. B. Convis, Boston.
J.B. Cummings,
Atlanta. Ga.
Rigg, Norfolk.
LT- Pcppue,
Whit acre, N. C.
Carr. Whitacre, N. C.
Lovelace, Alabama.
iV
E.Salomen, Sumter.
Freeman, Trenton,
p
^-Montgomery.
T
C.
p^-Farwater,
Warrenton, N.
kobei t \\.
Golsau,
St. Louis,
g- F. Costar, Texas.
M.
BanT. Boston.
Green, Savannah.
India Trade
goods made of
Isaac Lewis,
Fla.
Jefferson, Texas.
A. E. Bateman,
Washington.
EL B. Fauar. New York.
Ed. Larue, Havre, Franco.
Tenn.
^addell» Warrenton. N.
n
W. F. Woodward, Waco.
W. R. Wilson. Tallahassee,
C.
N. B. Baun,
Toomsborough, Ga.
I. Baun, Quitman, Ga.
D. M. C. Rae. North Carolina.
F. M. Scott, North Carolina.
F. II. Markoe, Utica.
W. H. Wright, Syracuse.
I. L. McComb, Milledgeville,
J. M. Pliillep8, Cairo.
W. R. Jones, Memphis, Tenn.
John E. Martin, Evansville.
T. A. Ilall, Selma, Ala. '
Ga.
Import Duties.—’f'he Indian import
duty on
yarns above
and
No. 30 has been taken off. That on
inferior quality was removed a
few years ago. The orders
rnving are still said to be
wholly confined to the
ufi
cheaper
?as* Ik would, therefore,
appear that the better quality is
?
wanted there, and that the late abolition
of the duty is
cheater
^aV0 an^
effect on the trade of Man°
*
1832.
i
Feb.
(*
«
u
9
eu
tics
hern
Chart.—We have received from Mr.
cotton merchant, of 31 and 33 Broad Street,
arcl
Ewen,
k*8 ootton movement chart. It embraces statis3, % ^°. khe cotton crop, including receipts, exports,
r
a
Apr.
May.
J'nc.
6
6
6
6
6
G 42
6 32
6 43
6 35
6 45
6 40
6 45
6L3
6 32
6 34
63s
6*2
23
die
6 22
t> 33
6 2G
G 35
6
6
G
6
6
6
it
27
Mar. 1
M
^ -Pa --I
A pr.
14
21
9
69ie
6*9
G38
24
35
2G
35
29
38
23
39
31
40
6 35
6 41
37
May- June- July- AngJuly. Aug. Sept.
G
6
6
6
46
36
6 ro
6 40
48
38
6 50
6 43
6 52
6 42
6 53
6 47
6 50
6 54
Course of the Manchester Market, Feb. 9
Business has been uniformly dull in all
to
6 52
6 42
6 56
6 46
6 56
6 50
6 58
Mar. 9.
continued unsatisfactory tenor of the advices at
hand from the
great consuming markets. The sales have,
therefore,
fallen
much behind the rate of production, and
prices, after trifling
fluctuations, have given way >£d. per lb. in yarns, and
l^d.
per piece in shirtings from the rates current a month
since.
The situation has forced
upon producers the necessity of a
resort to “ short time,” and the outturn of
the mills will, for
the remainder of the season, be less than in the
corresponding
fieriod
removal
of the Indian duties has
last speculative
season. Thebuying
ed to oflittle
during the past day or two.
a
This has caused sellers to ask for more
money, but the
an advance has checked the
demand.
attempt
to establish
Movements
during the
The deliveries to
Season October 1
responding period of last
February 28.
compare as follows with the
1881-82.
No. of bales..
1.431,040
Av.wglit (lbs)
Tot.wght(lbs)
442
632,519,630
cor¬
season:
Great Britain.
Bales of 400
lbs
to
English and Continental spinners during the
season
first five months of the
_
^I°vement”
Spot.
Mar.
departments owing to
] F. L. Rosa, Mobile.
W.A.Cnmmiue, North Carolina.
R. D
Gilbert, Utica.
Robt. A.
Eckrigge, Liverpool.
Morden
V
during
1
-
•
1380-81.
1,347,020
453
610,200,060
Continent.
1881-82.
1,335,240
438
497,235,120
1830-81.
1,130,120
443
500,643,150
1.531,000
1,525,000
1,243,000
1,251,000
The present rate of
consumption we estimate at 70,000 bales
of 400 lbs. per week for Great
Britain, and at 58,000 for the
*°*e'lSn consumption, fluctuations of
“middling Continent; against 67,000 to 68,000 for Great Britain and 54,000
la ^.evv York and Liverpool, & ?., thus affording
a to 55,000 for the Continent twelve month ago.
readv c°mParI3°R to the eye, and should be of value as a
On the basis of the
foregoing estimates, the movements for
msJ0reter^nce
to aH those who are interested in cotton move- the
as given
twenty-one weeks of this season and last compare as fol¬
by the Cotton Exchange.
lows, in bales
nspfni
t
of the uniform weight of 400 lbs.:
I HE
350
Great Britain.
1881-82.
1880-81.
CHRONICLE
Continent.
1881-82.
1880-81.
8urplus stock, Oot. 1
Ushveries to Feb. 28
112,000
240,000
27,000
25,000
1,581,000 1,525,000 1,243,000 1.251,000
Supply
Consumption, 21 weeks
1,600,000 1,552,000 1,483,000 1,363,000
1,470,000 1,4 L 9,000 1.218,000 1,156,000
136,000
Surplus stock Feb. 28
133,000
265,0001
207,0C0
Prospects.
change of importance since
the prices current to-day
month ago. The receipts at the
The situation has undergone no
the date of our last report, and
differ little from those of a
American ports have t^een
thus indicated has been
very
small; but the reduced supply
materially counterbalanced by
increased supplies from other countries that the total quan¬
tity of cotton now visible is as heavy, if not heavier, than at
The enor¬
any previous period in the history of the trade.
mous business done during the spring and early summer
months of last yea-, on the basis of 5%d. to 6%d. per lb.,
whereby producers were placed under order until the autumn
and winter, gave a false impression of the state of the trade at
the opening of the new season, and led to an over-estimate of
the immediate future requirements of the world. The great
markets were full of goods, either in stock or afloat, twelve
months ago, but the fall in values which took place between
January and May, and the moderate rates which ruled also in
June, caused the whole of the leading shipping houses to give
out further orders on a large scale, for the purpose of reducing
the average cost of their holdings. The machinery of Lanca¬
shire was, therefore, in full swing throughout the summer,
autumn and winter months; and almost every one calculated
upon a continuance of this activity for at least the remainder
of the present season.
Such being the case, it was very natu¬
rally assumed that the seriously curtailed supply of American
cotton would lead to an important advance in prices.
Towards
the close of last year, however, it became apparent to those
who had investigated the matter in all its bearings, that the
wants of this world had been very largely anticipated; that
every nook and corner in the globe had been filled with cotton
goods; and, therefore, that the consumption, so far from going
on at increased rate, might, if values advanced, be considerably
reduced. If prices had kept below 6%d. per lb. it is possible
that the glut of goods would have remained for some months
longer out of knowledge; but a rise to 6/id., and the threat of
7d. to 7/6d., at once brought the mischief to light; and as the
stocks of the world have not been in the least reduced since
the autumn it is absolutely certain that sooner or later the
rate of production must be curtailed, unless prices sink to a
level at which the surplus of stocks can be forced into con¬
sumption. Reference is sometimes made to the high prices
so
which ruled in 1879-1880, but those who cite the movements
in that season forget that at the outset the stocks of both cot¬
ton and cotton goods were smaller than they had been for
many years before, smaller, in fact, than at any time since the
few veais succeeding the American war, whereas (for the
world) they
are now
previous year.
larger than they have ever been in any
.It is to this unsatisfactory state of trade that we trace the
so-called cautious policy of spinners during the past two or
three months. If new orders had been coming in, and if mar¬
ica and in
in respect
[Vol.
XXXIV.
Europe that a day of reckoning was at hand, not only
of cotton, but in respect also of other articles of
as well as of a very large class of Stock Exchangesecurities, the whole of which had been artificially inflated by
speculative manipulation, and it was distinctly indicated that
produce,
the pin
which would be put into the various speculative bubbler
would be tne financial piD. It is nonsense, therefore, to say
that the collapse recently witnessed was altogether unforeseen.
As to the future, we have nothing to add to or take from
the facts and arguments given in our annual report of January
last. The contents of that report have been twisted about in a
variety of ways, and often laid before the public in such a
garbled way as to grossly misrepresent their meaning and
import, but as a rule our critics have performed their work so
object they had in view,
strengthened than weakened the positions taken up
clumsily that they have defeated the
and rather
in
our
report.
Respecting prices, all that we care to say is that 6%d. for
middling upland, which is the present spot quotation, is more
reasonable and nearer a legitimate level than the 7d. to 7^d.
w’hich many people in December expected to see in February;
but whether, witn the world still so full of cotton goods that &
reduced rate of production cannot be avoided, it would be safe
and sustained spell of activity on
and 6%d. for distant futures, is a
question which is at least open to debate.
Jute Butts, Bagging, &c.—The demand has not shown any
improvement since our last report, and large lots continue to
be neglected.
Small lots are, however, moving fairly, and
about 400 rolls have been placed at full rates, as sellers are not
willing to accept less on small orders; and we quote 8%@S}6c.
for 1/2 lbs., 8%@9c. for 1/4 lbs., 9%@10c. for 2 lbs. and 10%@
11c. for standard grades; but a quantity could probably be ob¬
tained aj a shade less. Jute butts continue to sell in moderate
sized parcels, but the market is not active. There have been
further small receipts, but no effect is noticed on prices, which
continue to be steadily held; and with sales of some 1,000 bales,
holders are quoting, 2%<§2%c. for paper grades and 2%@3cr
to calculate upon a renewed
the basis of 6%d. on the spot
for
bagging qualities.
Comparative Port Receipts and
Daily Crop Movement.—
comparison of the port movement by weeks is not accurate
the weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
A
as
movement for the years
3ince
named.
The movement each month
September 1, 1881, has been as follows:
Year
Monthly
Receipts.
1881.
Scpt’rab’r
October.
Novemb’i
Decemb’r
January
February.
.
Beginning September 1.
1878.
1879.
1880.
288,848
689,261
779,237
893,664
618,727
566,824
333,643
888,492
942,272
956,464
647,140
447,918
425,770 458,478
837,349 968,31*951,078 1,006,501
983,440 1,020,802
571,701
543,912
572,723
291,992
1877.
98,491
578,533
822,493
900,119
689,610
472,054
Total year 4,033,541 4,598,528 4,215,929 3,836,564 3,561,300
1876.
236,868
675,200
901,392
787,769
500,680
449,686
3,551,655
Perc’tage of tot. port
receipts Feb. 23...
87-95
8195
8627
84-28
78-28
gins had been good, spinners would have acted precisely as
they acted in the early part of 1880, when they drove prices
This statement shows that up to Feb. 28 the receipts at the
np to 7/6d. per lb., and talked confidently of 8d.- Every coolheaded speculator looked on perfectly aghast, and when spin¬ ports this year were 564,987 bales less than in 1880-81 and
182,388 bales less than at the same time in 1879-80. By adding
ners let the market alone prices sank to 6%d. per lb., instead
of rising to the anticipated 8d. There never has been such a to the above totals to Feb. 28 the daily receipts since that time,
thing as prearranged concerted action on the part of spinners we shall be able to rea h an exact comparison of the movement
in the matter of buying cotton. If consumers at large are for the different years.
extensive operators for a number of weeks in succession, it is
1877-78. 1876-77
1878-79.
1881-82. 1880-81. 1879-80
because business in Manchester is active; while if they operate
only sparingly for a lengthened period it is because business Tot.Fb.28 4,033,541 4,598,528 4,215,929 3,836,564 3,561,300 3,551,655
6,325
in Manchester is slow. Their united action is merely coinci¬ Mcb.l
17,754
10,547
16,279
20,473
6,519
dental and altogether undesigned. Each one acts for himself
9,782
8.
9,868
12,171
12,465
2....
7,625
4,567
as he thinks best for his own interest.
When he is full of
8.
12,432
19,628
16,505
3....
10,803
8*
orders he buys cotton to cover; when his orders are running
32,985
10,056
19,653
22,125
6,913
4....
out and no new ones are coming in, he lets cotton alone as
8,531
17,175
21.006
13,404
8.
7,947
5....
much as he can. He hardly ever buys cotton when it is low
6,678
9,746
8.
9,860
9,829
6....
13,485
8,722
priced, because it is low priced, he only buys it because he
8.
8,873
15,631
28,948
3,582
7....
wants it for immediate use; while he frequently speculates in
6,561
12,300
16.115
12,430
24,435
8....
11,056
cotton when it is at a high price, not because he is in need of
16,228
8,728
8.
18,576
9....
6,724
6,673
8,473
it, but because he expects th it it wi;* go higher. As a rule he
8.
18,764
6,711
10....
19,011
12,038
S.
instructs his broker to buy sparingly if the market is quiet,
19,179i
14,887
11....
10,944
28,150
5,909
but to buy freely if the market is excited; whereas, the clear¬
$,39^
11,487
S.
8,298
13,745
12....
17,256
headed speculator does exactly the reverse and makes money.
8,017
14,234
8.
10,344
7,707
13....
10,207
For come little time past we have been in the daily receipt
6,<58
13,992
8.
13,767
25,282
14....
10,900
ot a considerable amount of unmerited praise and undeserved
7,692
14,644
7,531
13,435
19,164
15....
10,289
blame for the views we have of late been putting forth in refer¬
6,341
11,210
S.
“
7,411
13,192
16....
7,077
ence to the condition and prospects of the market; but, as we
8.
12,019
6,660
14,900
17....
13,072
believe that what has happened would have happened if we
8.
18,579
7,453
4,150
18,400
18....
9,411
had not written a line, and as we are sure that no one can by
7,22if
16,441
8,718
10,248
8.
15,917
19....
mere writing either put up prices or put them down, we decline
5,31<?
10,397
8.
10,584
11,141
20....
to accept either the praise or the blame which has been
13,242
7 ,oc*11,024
8.
13,897
17,571
21....
8,840
bestowed upon us. It is possible that we may have pointed out
4,982
8,072
"
6,427
11,637
13,407
22....
10,090
thelunhealthy symptoms of the market a little before they
5,943
9,800
8.
8,099
would otherwise have become apparent to the general public,
8,052
8,894
23....
g3(>
8.
13,707
7,410
but we no more created the symptoms than the barometer
22,353
11,439
24....
creates the variations in the atmosphere. We are told that the
3,705,900
Total
4,236,605 4,995,722 4,432,537 4,078,656 3,837,788
collapse in New York and here wonld not have taken place if it
9177
had not been for the rise in the price of money; but it was Percentage of total
8831
91-71
88-6?
8505
port rec’ot* Mch.24
pointed out long ago ty the leading financial authorities in Amer¬
"
“
“
'
“
“
“
“
,
“
“
“
“
'
“
“
"
“
“
"
“
“
“
“
k
March 25,
THE CHRONICLE.
1882J
This statement shows that the receipts since Sept. 1 up to
tonight are now 759,117 bales less than they were to the same
day of the month in 1881 and 195,932 bales less than they were
to the same day of the month in 1880. We add to the table
the percentages of total port receipts which had been received to
March 24 in each of the years named.
India Cotton Movement from all Ports.—The figures which
are now collected for us, and forwarded by cable each
Friday, of
the shipments from Calcutta, Madras, Tuticoriij, Carwar, &c.,
enable us, in connection with our previously-received report from
Bombay, to furnish our readers with a full and complete India
movement for each week. We first give the Bombay statement
for the week and year, bringing the figures down to March 23.
Shipments this week.
Total.
Shipments
since
Great
Conti¬
Britain
nent.
Jan. 1.
Total.
5,000 10,000 288,000 146,000
4,000 16,000 83.000 147.000
8,000 22,000 86,000 120,000
1,000 54,000 70,000
1882 35,000
1881 12,000
1880 14,000
1879 1,000
434,000 76,000
230,000 45.000
206,000 18,000
124,000 37,000
5
Great
Conti¬
nent.
1882
1881
1880
1879
4,000
8,000
14,000
Great
Britain.
i‘,000
4.000
9,000
1,000
15,000
Conti¬
97,000
84.000
44,000
41,000
50,000
58,000
9,000
22,000
1882.
Shivment8;
Europe
from—
590,000
365,000
359.000
To
To
240,000
Bombay
All other
week.
Since
Jan. 1.
This
week.
40,000
4,000
434.000
147,000
16,000
9,000
230,000
142,000
44,000
581,000
25,000
372,000
p’rts.
Total
This last statement affords
total movement for the week
a
very
1,339....Palestine,
This
week.
Since
Sept. 1.
form,
Total
*
2,000 223,000
Bremen Reval &
pool.
New York..
N. Orleans.
Europe
A
AO
A
cautar is 98 11./-.
lbs.
6,000
This
week.
Since
Sept. 1.
4,500 381,338 16,411 299,035
4,049 416,297
ending
Europe
Manchester Market.—Our report received from Manchester
to-night states that the market is quiet and easy without mate¬
rial change in prices. We
give the prices of to-day below, and
d.
Jan 20
“
27
Feb. 3
“
10
“
17
24
“
Mch. 3
“
“
“
10
17
24
d.
9L2@10
9*2@10
930@io
938@10
930® i)78
930® 970
930® 978
97ie®10
950®io316
9916®10q
8^ lbs.
6
6
6
6
6
G
6
6
6
6
d.
s.
7^®8
7*2@8
6
6
5
6
6
6
d
0
0
0
0
@8
-2)8
-@7 1012
@7 1012
@7 10i2
@7 1012
7*2® 8 0
7*2@8 0
CotVn
Mid.
TJplds
d.
6%
650
6»0
6^
gju
g710
6I2
65@
61116
61116
32s Cop.
Iwi8t.
d.
93s
930
930
930
95fi
9Lj
9*2
8*4 Vbs.
Shirtings.
d.
@10*2
@10*2
@10*4
@10^
@1014
@10*0
@1030
914 © 978
9*4 @ 970
9
@ 97©
d.
6
6
6
6
6
6
s.
d.
CotVn
Mid.
ZFplds
d.
97@@8 278
9700>8 278
97@@8 278 So16
97a@8 278 §516
10*2@8 278 glia
10*2@8 278 SI16
638
10i2®3 278 63s
9 @710^
9 @7 10^2 g3l«
g310
7V®7 9
63i0
Shaping News.—The exports of
cotton from the United
u
per
mail
week,
as
latest
returns, have reached
sy>716 bales.
c
1
Jfe “je same
So far
as
the Southern ports are
concerned, these
exports reported by telegraph, and published in
Jni
9HRC?acLE
Friday. 'With regard to New York, we
memae the manifests
of all vessels cleared
up to Wednesday
Bight of this week:
5,050
3,162
3,512
6,119
Bareev
Iona.
Genoa.
Jera
Otniz.
Total.
18,419
33.370
100
342
1.400
986
4,625
653
3,512
8,505
4,208
7,204
1,750
6,572
4,208
1,750
Norfolk....
Baltimore
6,572
Boston
4,179
600
Philadelp’a
1,926
^
1,397
1,379
4,179
600
342
..
89.716
Below
weather and had her boats smashed.
Elbe, steamer (Ger.), from New York at Bremen, before reported.
The
lire on board the
steamship Elbe, from New York, Feb. 25, was
discovered Feb. 26 to be in
and extinguished,
overboard.
cotton, which was got on deck
one bale whieh was thrown
some
excepting that in
Missouri, steamer, at Liverpool, from Boston, before reported.
which
The lire
broke out in the bunker hatch of steamer Missouri
(Br.), on
March 6 was not checked for some time. Much
damage was done
to vessel and cargo by tire
and water.
Rochdale, steamer, before reported
re loading at Halifax.
A captain
at Halifax from England to take charge of steamer
Rochdale. She has almost completed
loading her cargo and will
sail in a few days for
Sebastopol.
Rossend Ca-tle, steamer, (Br.), from New Orleans for
Bremen, before
reported, was be,ached at the dockyard in Halifax, March 20, to
is expected
repair her propeller.
August, bark (Ger.), from Wilmington, N. C.. for Liverpool, when 150
mi es off the Frying Pan
Lightship, 011 the morning of March 16,
was struck
by lightning, setting fire to her cargo of cotton (1,592
bales). Her hatches were battered down and she put back for
port. She fell in with the steamer City of San Antonio, which
towed her to Cape Fear Bar, where she wtis taken in
tow by the
steamtug Blanche and taken to Wilmington. Water was beinr
pumped into her hold. Her deck is burned to a shell. On the 21st
the tire was supposed to be
extinguished. Extent of damage
unknown. Will have to discharge.
Cotton freights the past week have been
Satur.
Mon.
Tues.
r
Do
sail..
...-.c.
Bremen, steam,
Do
sail
.c.
c.
Hamburg, steam.d.
....
....
....
....
710*
710*
....
....
....
....
....
....
3e*
%*
38*
38*
3g*
38*
....
V
Do
*
sail
632 @ 14 ®32® *4
^”32 532®732 532^732
1332*
1332*
l332*
0.52 (D *4
°32
716*
....
sail.-.d.
Fri.
....
sail., .(f.
Baltic, steam
Thurs.
716*
12*
Amst’d’m, steam.c.
Do
follows:
as
Wednes.
Liverpool, steam d. 1164 @ 14 1:G4-1564 UG4-lS<4
Do
sail-.-d. 532 £&7?2 532®732 632®732
Havre, steam
c.
J332*
1332*
1332*
Do
1881.
Shirtings.
s.
24.816
-
This statement shows that the
for the week
March 23 were 25,000 cantars and receipts
the shipments to all
were 4,590 bales.
32s Cop.
Twist.
15,998
Mobile
Charleston.
Port Royal
Savannah
Texas
the three
2,000 269,750
2,049 146,547
1882.
Cron
stadt.
259.000
3,196,000
~
d* Ham-
Havre, burg,
676 1,545
37,000
9,000 193,000
7,411 101,035
2,500 158,338
follows:
Liver-
53,000
Exports (bales)—
To Liverpool
To Continent
are as
Cella, steamer (Br.), from New Orleans for
Liverpool, which arrived at
Halifax March 20, for coal, reports
having exi»erienced stormy
32,000
2,648,000
Since
89,716
206,000
1879-80.
Sept. 1.
600
Total
22,000
15,000
1880-81.
This
week.
4,179
per steamer Indiana, 600
we give all news received to date
of disasters to vessels
carrying cotton from United States ports, etc.:
interesting comparison of the
25,000
2,736.000
6,572
1,397
1,520
Philadelphia—To Liverpool,
Since
Receipts (cantars*)—
This week....
Since Sept. 1
1.750
Jan. 1.
ending March 23, and for
1881-82.
1,926
Antwerp, 100 bales.
.
March 23.
653
;
63.546
676 12,200 9,187 1,639 2,026
Included in the above totals are, from New York to
Liverpool
and Alexandria, we now receive a
weekly cable of the movements
of cotton at Alexandria,
Egypt. The following are the receipts
and shipments for the
past week and for the coi responding week
of the previous two years
^
Alexandria, Egypt,
per bark Palander, 1,500
per bark Carlota. 653
986
4,208
3,125
1,500
..
147,00<?
142,000
53,000
63,000
date, at all India ports.
Alexandria Receipts and
Shipments.—Through arrangements
we have made with
Messrs. Davies, Benachi & Co., of
years up to
Barcelona,
1,400
Genoa, per bark Albatross, 1,926
Texas—To Liverpool, per bark Palander. 1,750
Norfolk—To Liverpool, per barks Ella Vose.
3,434
Os¬
mond O’Brien, 3,138
Baltimore—To Bremen, per steamer Hermann, 1,397
Boston—To Liverpool, per steamers
Atlas, 1,320
Istrian,
1830.
Since
Jan. 1.
This
Cronstadt,
Total
This
week.
342
3,512
Cronstadt, per bark Noah. 1,400 Upland
1..
Barcelona, per brigs Almirante, 460 Upland....Maria
Louisa, 526 Upland
Port Royal—To
Bremen, per hark Katbina, 4,208
Savannah—To Revai, per barks
Askoy, 1,850
Hazard, 1,275
To
follows.
1881.
5,050
3,162
To
To
EXPORTS TO EUROPE FROM ALL INDIA.
to all
24,816
Whitney, 342
Mobile—To Liverpool, per bark
Alabama, 3,512
Charleston—To Liverpool, per ship Ceylon,
2,582 Upland and
Since
Jan. 1
The above totals for this week show that the movement
from
the ports other than
Bombay is 5,000 bales less than same
week last year. For the whole of India,
therefore, the total ship¬
ments this week and since Jan.
1,1882, and for the corresponding
weeks and periods of the two previous
years, are as
1,495
50
100
100
Resolute, 5,484
Totai
nent.
180
Commander, 3,318....Leonora, 7,250....Teutonia, 4,225
per ship
Shipments since Januarg 1.
Total.
604..Oder,711..Salior,
To Bremen, per
skip Savannah, 5,050
To Cronstadt, per bark Genitore
Tarabochia, 3,162
To Vera Cruz, per steamer
CALCUTTA. MADRAS. TUTICORIN. CARWAR. RANGOON AND
KURRACHEE.
Britain.
per steamers Donau.
Hambarg, per steamer Suevia, 50
Antwerp, per steamer Belgenland, 100
Vittoria, 100
Liverpool, per steamers Bolivar, 4,539
According to the foregoing, Bombay appears to show an
compared with last year in the week’s receipts of 31,000
hales, and an increase in shipments of 24,000 bales, and the
shipments since January 1 show an increase of 204,000 bales.
The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
the same week and years has been as follows
Year.
Bremen,
To
To
To Genoa, per bark
New Orleans—To
increase
Shipments this week.
(/(vlCvt
Al/lVVv
Liverpool, per steamers Alaska, 3,466....Bata¬
170—Bessel, 1,841—City of New York, 1,558
Italy, 2,284—Lake Winnepeg, 1,855
Memuou, 1,508
Republic, 1,501....per ship Bengal, 1,815
15,998
To Havre, per steamer St.
Laurent, 676
676
To
via,
Receipts.
This
Week.
->
Hew York—To
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Vear Great Conti¬
BriVn. nent
351
38
c.
516
• ••
4
....
....
d.
•
7lft*
....
....
....
....
v
*2*
l£*
m
....
6i6@30
516
516®38
516
m
m
m
....
5ie2>30
616
3ie,3(38
5i6
....
6ie'2>%
610
Compressed.
Liverpool.—By cable from Liverpool,
we
have tlie following
statement of the week’s sales, stocks. &c., at that
port:
Mch. 3.
Sales of the week
bales.
Of which exporters took
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock—Estimated
....
Of which A neriean—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American
Mch. 10.
61,000
3,700
91,000
2,500
3,0O(
61,00(
5,30(
44,000
6,200
13,000
731,000
527,000
63,000
52,000
430,000
217,000
2,60<
9,700
734,000
535,000
103,000
64,000
431,000
216,000 ]
Mch. 17.
75,000
5,500
3,00a
54,000
4,200
12,500
757,000
542,000
106,000
68,000
423,000
203,000
Mch. 24.
72,000
7,000
2,700
47.000
3,600
17,500
776,000
537,000
102,000
48,000
411,000
202,000
THE
352
[Vol* XXXIV.
CHRONICLE,
GRAIN.
1 Oats—
.
and futures each day of tlie
March 24, and the daily closing prices of spot cotton, have
The tone of the
Liverpool market for spots
Wheat—
u* bush.
it
g.por
Spring.]
weekending
been as follows:
Spring No. 2
Saturday Monday.
Tuesday.
Wed nes.
Thursd'y.
Friday.
Tending
Steady.
Shade
easier.
demand
freely met
Spot.
Market,
Mod.
i
12:30 f.m
ln<{.
freely
Firm.
j
down.
supplied
Mid.Upl’ds
Miu.OiThs
6^
G-h,
6i518
6l&i«
6 •G10
10,000
1,000
10,000
1,000
12,000
1,000
Sales
Bpec.vfc exp.
6»4
611kj
6Hi0
Gnl0‘
G7a
12,009
1,000
10,000
10.090
1,000
1,000
6
5 P. M.
Rye—Car lots
Boat loads
(Fro
l
12:30r.M. j
Market,
...
6 '6
7s
Futures.
Market,
Rod winter
Red winter, No. 2
White
Corn—West, mixed
West. mix. No. 2.
Western yellow..
Western white
Southern white..
Southern yellow.
Fair
£
(
Weak.
Dull.
Weak.
Dull
and
Dull.
Steady.
easier.
Firm.
Dull.
Dull
and
easier.
Flat.
In
At—
week are given
Middling clause,
unless otherwise stated.
d.
Delivery.
d.
March
4#4&h4 I July-Aug .. 6<J2C4-2«i04
7164 «*7
Mar.-Apr... 0^4g)45(ji 1 Aug.-Sept
648*4
tt«304
63^4
6G064
Apr.-May .
May-June.
June-July
6**^4
Apr.-May...648W4®47fi4 | March
May-June ..(354ft4^BS04 Mar.-Apr
June-July ..b&364®57w4 |
d.
6**04 July-Aug..
Monday.
6^464®^304
March
Mar.-Apr.
Apr.-May
.
..
May-June ..6&264s5ie4
June-July
..6^04
6'3064
683e4
j July-Aug.
Aug.-Sept
64684ti45e4
6*^4
6*:*04
6*8h4
680G4
..
Wednesday.
Sept.-Oct. .t
C4904
.-64i^4242^4 May-June ..64864-24904 1 June
July
0&*V4
Mar.-Apr.. .64’.042*2^4 June-July.. 63204 23304 |
Aug.-Sept.. 68i6428034
Aug.-Sept
60004
Apr.-May
6**04
'S 4304-2)44^4 July-Aug
637C4 j
March...
Thursday.
643 04^*204
March
Mar.-Apr.. .64304 24204
64364
Apr-May
March
64i84
Mar.-Apr
641*4
Apr.-May .. 64264243,,4
May-Juno ..G*704#*904
May-June ..G*^#*^.*
June-July ..6B204#5a64
Aug.-Sept
660l4
June-July
G3264
Sept.-Oct...^.
648C4
6*2(?4
July-Aug... 637*4236*4
03004 |
68004 I Sept.-Oct
643g4 |
Sept.-Oct
..
..
The flour market as a
at times has taken a
bush.
102 V#1 07j2
©
(60 lbs.)
(56 lbs.)
263,328
81.930
919
37,470
23,433
49,963
'
...
Bye,
bush.
bush.
(32 lbs.) (48 lbs.) (56 lbs i
5,702
285,564 81.67 6
51,855 57,171
9,732
289
12,135
6,500
9,893
20,604
12,500
160,060
145,579
500
2.752
4,450
i 0,000
256,400
83,125
11,500
21,700
316,620
844,785
10,350
91,739
....
Barley,
bush.
95 105
Total..
143,191
Same time ’81. 210,520
919,723 1,944,624
Total receipts at same ports from
1S82, inclusive, for four years:
21,600
55)7,905 169,532 39.9
601,8S8 129,537 41,9
Dec. 26, 1881 te March 18
1S78-79.
1879-80.
1881-82.
1880-81.
Flour
bbls.
1,821.118
1,831.308
1,203,524
1,381,34ft
Wheat
Cora
bush.
7,556,372
19,510,144
8,103,051
7,615.435
16,099,042
6,276,952
9.162,647
28,449,793
4,493,985
13,631,397
16,114,652
4,749,650
Oats..'.
Barley...
Rye
3,148,837
592,028
2,386.708
419,935
1,545,107
536,829
1,551.815
668,966
44.187,561 36,716^480
Comparative receipts (crop movement) at same ports from
August 1,1881, to March 18,1882, as compared with the pre¬
Total grain
....
33,912,432
32,798,072
vious three years :
1879-80.
1878-79.
..bbls.
5,306,917
5,498,438
4,402,275
4,232,702
bush.
Wheat
Corn......
Oats
32,560,953
78,542,199
23.920.536
67.458,650
70.1-10.323
69.720,261
56,182,047
17,917,240
21.610,632
Barley....
Rye
10.470.536
60.812,278
76,887,950
27,406,457
10,274.530
9.397,851
8.593,591
3,256,423
2,881.741
3,358,715
1,'.23,309
1881-82.
Flour
6-4"e4
1880-81. '
168,272,779 157,731.310
shipments
of
and
grain from the same
Comparative
Hour
pons from Dec. 2(5, 1881, to March 13, 1882, inclusive, for four
Total grain....
years:
M„ March 21, 1882.
rule has been quiet. The
fair amount of Minnesota
Corn,
bush..
>
Duluth
BREADSTUFF S.
Friday, P.
..
95
Weekly.”)
Oats,
Wheat,
44,073
0,391
2,739
28,680
..
.
60-04 1 Apr.-May
....
(1)
grain at Western lake and river porf 3
March 18, 1882:
Peoria
640*4
Sept.-Oct
Friday.
June-July
July-Aug
Aug.-Sept...
1 05
01,33
Tuesday.
640C4 1 June-July.. 653fl4@5264 1 Mar.-Apr
Mar,-Apr
64001J July-Aug (»57642)5004 | Apr.-May
May-June
M^r.-May.. .643^4-2)42^ Aug.-Sept.. 66O04-g)6904 I
May-June
6*804 | Sept.-Oct.. .64964®48G4 I Aug.-Sept
March
....
#1 35
1 25
State, 2-rowed
State, 4-rowed
(196 lbs.)
42.282
..
Cleveland....
8t. Louis
Saturday.
DeUvei'y*
..
Milwaukee...
Toledo
Detroit
»
V)
•#
Canada.......
bbls.
.
...
10S
90
90
03
York Produce Exchange
53Js
115
87
j
53
©
1 16
a)
rhe“ Nov
Dull.
....
Barley—
Canada No 1.
Canada bright
State, 4-rowed
State, 2-rowed
Barley .Malt-
a)
#
r .j.
r/)
50q©
...
8!)
02
for the week ending
Chicago
.
#
Hour and
Receipts of
buyers'
favor.
No. 2 waite
52
04
53
80
Flour,
The actual sales of futures at Liverpool for the same
helow. These sales are on the basis of Uplands, Low
Delivery.
n
Mixed
■
White
No. 2 mixed.
#1 40
#135
1 30
■in i 46
1 15
1 42 •it 143
cl 1 40
1 35
77 C
#
75
75 ;h
75 hi #
87
89
<2>
80 # 00
85 #
05
$1 10
home trade
brands, and
t
1881-82.'
1,707,327
bbls.
Flour
Wheat.
Corn...
C at*...
143,750,647 17S.262.950
3
busb.
954,641
14,771.713
6,453.072
1.88C-81,
1879-^0.
18 7?-79.
1.762,369
968,610
1.482 114
3.467,635
3.317,008
15,10 »,80L
*2,86-5,3 V L
8.39 i, 7 2d
10,566,x 16
5,5 49.673
6.40^,527
3,183,857
807,425
1,102.141)
exporters a few days ago purchased pretty freely of superfine Bar'.ey
1,356,875
1,301,22 4
315,604
395 3 LG
536,572
593.23 4
and No. 2; but the domestic trade in the aggregate has been Rye
moderate, and the export sales have been mainly to provincial
Total grain
27,073,334
2L.477.07l 22,790,961 19,-401,861
markets. To-day the market was quiet but steady.
Exports from United States seaboard ports and from Montreal
The wheat market has again advanced materially, owing to for week ending March. 11, 1882:
Pm6,
Bye,
Oats,
Corn,
Flour.
Wheat,
bush.
bush.
heavy snow storms and a very low temperature in t he far west,
bush.
bush.
bush.
bbls.
From—
2,137 6.3,579 10,2*26
455,638
416,5 6 6
which caused a marked advance in Chicago, where at one time New York
102,524
35.81 l
134,161
23.501
Boston
14,601
Latterly, however, it lias Portland
there was also much excitement.
4,8.001
1,125
655
17,112
•15,071
1,955
been found that the alleged damage to agricultural interests Philadelphia..
22,557
95,978
Baltimore
17,735
3
2,670
'612
133,203
had been over-estimated, and yesterday a decline here of several New Orleans.,.
cents, together with extraordinarily low rates for ocean freight2,825 05,379 25.02(3
632,163
774,63 )
Total for w’k 1 47.582
5,191 17,102 50.52*
2,107,448 2,211,912
Same time ’81. 174,133
room and steady English markets, stimulated the export busi¬
The visible supply of grain, comprising the stocks in granary
ness considerably.
To-day there was an advance of 1c. to 2c.
at the principal points of accumulation at lake and seaboard
and the export trade immediately fell off, though there was a
ports, and in transit by rail and water, March 13, 1832, was as
fair
...
....
-
speculation. No. 2 red sold at $1 41?4(u £l 43 for April,
42?4 for May and$l 38@$1 39 for June.
Indian corn advanced early in the week, bat latterly Las re¬
ceded slightly. The tone has been in the main firm, for the
reason that the receipts both, here and at the chief western
marts are still small. The decline here latterly has caused
some increase in the export trade, especially as tlie freight
rates by steamer to Liverpool have been only 1 to l:Md. To-day
the market was fairly active, and
to lc. higher; No. 2 mixed
sold at 75>i@77c. on the spot.
Rye has been fairly active and higher. Barley has sold more
freely at an advance. Oats have been irregular, white being
scarce and quite firm at an advance, but mixed at times show¬
ing weakness. To-day there was an advance, and options sold
at 53@53^c. for No. 2 mixed for March, 50%@51c. for April and
50%c. for May.
The following are closing quotations :
$1 41?£@$1
FLOUR.
*0. 2
spring...$ bbl. $2 75#
go. 2 winter
3 Oo#
Spring supertine.
Bprine wheat extras..
do XX and XXX...
Wis. & Minn, rye mix.
Minn, clear and stra’t
3 70#
4 50#
Winter
superline
Winter shipp’g extras.
do XX andXXX...
4 00#
5 00 #
5 75#
5 60 #
4 50 #
5 50#
3 50
3 75
4 65
4 40
5 OO
7 50
G 50
7 00
5 00
7 50
$6 75# 8 50
Patents
City shipping extras.
family brands
ip’g extras.
Rye flour, superllne..
South’n sli
Corn meal—
Western, &c
Brandywine,
Buckw’t
6 00#
6 75
G O !#
5 0 4#
4 1( #
7 75
5 75
4 70
3 25 cl
3 70#
1 90#
3 -0
3 7 ti
2 25
bakers’ and
Southern
fUbLlOOlbs.
follows:
In store at—
New York
Do. afloat
(est.)
Albany
Buffalo
Chicago
Milwaukee
Dulurdi
Toledo
Ea
'
_
Detroit
Oswego
8t. Louis
Wheat,
Corn,
bush.
bush.
•37,252
72,000
2,0.*5,839
306,370
271,-106
3,760.8 70
61,000
4 8.000
20,754
5,283,3.39
17.560
7(H)
542.030
1,535,60 7
8,127
22,153
333.837
2 228
11.385
7,451
751,956
540,369
397,275
40,000
100.000
1,146.063
-12,130
274,033
369,221
1.439
49,765
53,515
100,813
206.133
i 57.041
72,400
68.610
9,674
Peoria
42,361
89,53 L
6,4,88
8,8,431
42,622
150,785
39,600
Baltimore
Down Mississippi.
258.500
156. J 34
892.471
9.422
142.778
2,730
On rail...
4
47,000
1,220,000
606 0 )0
Indianapolis
Kansas City
-
534.783
Barley,
bush.
362,000
10.000
Montreal
Philadelphia
Oats,
bush.
2,801,048
550,263
Boston
Toronto
......
23,221
ft
1.009
155,763
233,1*24
233.9 i 9
....
Bye,
bush.
95 236
50.000
97.500
3,077
400.487
101,051
9,450
5.021
360,000
98,422
87,000
10.429
230.24 3
17.474
2,137
19,951
41,270
6,508
100,032
5,717
4,432
......
112,419
IS,800
44,000
1.990.304 1,602.106 1.073,.52
2.022,835 ].8G:),8‘>3
2,283.241 2.343,360 1,160.0;J
17,045.992 15,656.329 2,412,225 2.286.407
17 800.544 17.215.243 2.811,383 2.541 944 l,Uo.^
22,907.003 15,103,306 3,516,541 2,321,2 *1 620,
The following statement,' prepared by the Bureau of
will show the exports of domestic breadstulFs from the under¬
mentioned customs districts, during the month of February*
1882, and for the eight months ended the same, as compared
with the corresponding months of the previous year :
Tot. Mar. 1S,:'82..
Do. Mar. 11,’82..
Do. Mar,
4. '82..
Do. Feb. 25, \S2..
Do. Feb. 18, '32
Do. Mar. 19, ’81..
13,415.924 11.342.896
14,452.348 12.928,173
16,113,519 14.200.219
..
Statistics*
March 25,
THE
rggg
a>
>
r-
-3
B
t— — 1-t-
PC* P o
m2
p. <jp
©« : g - ros
op"
£L •
§•§■
g
5
ft ft *P
55
c u •o
M
.
•
HM
C9 ft CCX
a
•
C-5
P P OCX
C- £- I— til
CP ft * •»
O
p.p; :
jtqj I
«•
So ff
O
CB
33
•
r»
•
;
;
i
*
I
§
;
CD Cl
•
•
y
x;
m ;
;
!
xx*
;
—•
*
•
©
*
-
x)
—
<
About 450
_
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the reports from
New Haven,
Milwaukee,
l’linlitn.!, Richmond and \V illamette, the details
for Februury, lS8o, bd:r^ as follows:
Barley—
/;ce.
Busbels
Pnvt-
Jhtcen.
land.
liirhin otui.
n
o
H
p
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Barrels
j
to
$
$
Value
Wheat Hour—
Barrels
Value...'.
Total values—
Feb., 1882
Feb., 1881
1,200
6,000
$
$
$
8 months—
;
;*5
•
5,520
370,010
a
fair
15,590
114,0«1
6,000
114.986
152,605
0u,238
205,742
811,505
DRY GOODS
There has been
of the
50,05G
33,9(55
331,904
THE
branches
405,516
455,522
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TRADE.
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1,273,564 5,003,922
1,149,259 1,607,7S5
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irregular, and up..»u the whole
seems to be
progressing satisfactoriy in most ot the
Western, Northwestern and
orders to a
near-by States,and
considerable aggregate amount
were received
mail and
(by
wire) during the week from
distributors
in these sec¬
tions of the
country, but buyers for many of the
an
Southern
Southwestern markets are
operating very sparingly at
present. The tone
of the market remains
co
steady, and renewed
dence in the
maintenance of values on plain cotton
goods,
sluggish.
-4
M
306,771
degree of activity in the jobbing
mand at first
hands continued
XX©
M
68,411
Friday, P. M., March 24, 1882.
dry goods
Cl X
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Bnshels
Value
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Dry Goods*
a
O
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Value
Indian corn—
Bushels
Value
;•}
Indian corn tneal
of the market
in moderate re¬
were
importations of dry goods at this
port for the week
ending March 23, 1882, and since January 1, and
the same facts
for the
corresponding periods of 1881, are as follows:
r*
Abac
of
The
o
qi
o
© © X to
Cloakings
Importations
b
00
lit (wan-
satisfactory.
quest, and agents continued to make fair
deliveries on account
of back orders. Satinets ruled
quiet, and selections of Ken¬
tucky jeans were chiefly confined to small
parcels of the best
doeskin makes. White flannels
and dress flannels met
with
fair sales and there was a
good business in ingrain,
and other carpets at firm
tapestry
prices.
Foreign.Dry Goods.—The
jobbing trade in
was
gooda
fairly active, and a considerable distribution foreign
of silks and
specialties in dress goods was made by
sateens hav¬
ing been in noticeably good demand.importers,
Linen
goods, laces and embroideries continue to move goods, white*
steadily at un¬
changed prices, and there was a pretty
good
business in
hosiery, kid and fabric gloves and millinery
goods. Prices for
most kinds of
foreign goods are steady here and firm at the
sources of supply in
Europe.
s
a
Ibj
M
.
13©
M
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b
M
;
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113
£
d m d
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M to -1 tt»
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M
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CO CO M
.
is considered
1
b
—-lb
fancy cassimeres,
suitings,
worsteds, trouserings, cheviots, and
overcoatings.
Union
and
cotton warp cassimeres were less
active, but leading makes are
well under the control of
orders, as in fact are nearly all cloth¬
ing woolens of a desirable character. Under these
circumstances
prices are firmly maintained, and the condition
*
to co ci o-l
•
;
•
MC
m to
Domestic Woolen Goods.—There
was a moderate
demand
for men’s-wear woolens at
agents’ hands, with most relative ac¬
tivity in the better grades of
a
toMccto©~o
oos•
.
less
64x64s, and
5-lCc. for 5GxG0s. The
general demand for
prints was unsatisfactory, but some
large sales were made by
means of price
concessions, and there was a fair call for
the
best work at regular rates.
Ginghams were quiet in first
hands, but fairly active with jobbers, and
cotton dress gooda
moved
MX MO tO
.
move-
were
per cent for
Jo
•
in mod-
fair
goods, quilts and piques. Print cloths
but prices ruled steady at 3%c.
plus one-half
ve,
©
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were
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was a
advanced Mo. per yard. Colored
cottons
request at unchanged prices, and there
n
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Zn
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peremptorily sold
co
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were
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PV.
CHRONICLE.
H m3 m3
B p s o ®
o c
o o
1882.]
s
'^4
ft
s
to
•
3«><1
$12,492,516 8>
5.411 07
100.000 00
481,000 00
256.171 21
1,011,781 45
bankers
374.880 75
150.000 00
Banking housu
79,6-11 57
Checks and other cash items
Exchanges for Clearing House
1,443.411 93
Bills of other banks
73,151 00
Fract'l paper currency, nickels & cents
3,280 (X)
00
Specie—Cold coin
$1,524,509
Gold treasury eeHiflc’s
702,000
and discounts
Overdrafts
U. S. bonds to secure circulation par).
U. S. bonds on hand (pur value)
Other si ocks and bonds
Due from other national banks
Due from State and private banks and
Loans
Legal tender notes
Due from U. S. Treasurer
5 per
cent
IjI
Capital stock paid
Surplus fund
Undivided profits
4,045.520 69
‘
circulatio
Dividends unpaid
Stockh doers’ tax
.
outstanding...
.
account
subject to check...
Individual deposits
Demand certificates of deposit
Certified checks
Cashier’s checks out s'anding
Duo to other national banks
Due to State and private
bankers
banks and
belief.
Cashier.
this 17th day
Roberts,
,
ROBERT LENOX
03. VELT,
J. A. R
$375,000 00
260.000 00
100,000 00
Officials of Banks, Railroads and Transportation
Companies, Managers, Secretaries and Clerks of
Public Companies, Institutions and Commercial
firms, can obtain security from this Company at
Sheldon,
Martin,
W.Corlles
Cromwell.
BUNKER, Secretary.
AMERICAN
moderate charges.
The bonds of this Company are accepted
courts of the State of New York.
Full Information as to details, rates, &c.,
County.
)
way, N. Y.
Wm. M. Richards, Prest. John
W. Harvey Lee, Inspector.
M. Crane, Sec’y
Directors—George T. Hope,G. G. Williams, Geo
S. Coe, Charles Dennis, J. 8. T. Stranahan, A. B.
Hull, A. 8. Barnes, 8. B. Chittenden, H. A. Hurlbut.
vermilye, Alex.
W. G. Low, David Dows. J. D.
Mitchell, Wm. M.
Richards.
FOR
Deposit at Albany
Corporate and Private Investors.
CAPITAL FURNISHED OR
PROCURED for
Railroad Companies having lines under construc¬
tion, and their Bonds purchased or negotiated.
FINANCIAL NEGOTIATIONS conducted for
Counties, Towns and Cities, and for Railroad Com¬
Corporations.
FINANCIAL RE-OR¬
Compan’es and other
whose property is in the hands of
panies and other
CONDUCT THE
GANIZATION of Railroad
WILL
Corporations
Receivers or
)
conditionBANK
of the
Report
of tiieNATIONAL
CONTINENTAL
OF
the State of New
March 11, 1882 :
NEW YORK, at New York, in
Yor.%. at the close of business,
resources.
12
Overdrafts
70
U. S. bonds to secure circulation
00
U. 8. bonds on hand
00
Other stocks, bonds and mortgages—
38
Due from other national banks
57
Due from State banks and bankers
27,566 17
Banking house
$385,000 00
Other real estate
200.000 00— 585,000 00
Current expenses and taxes paid
16,512 78
Premiums paid
47,302 3i
Cheeks and other cash items.
3,722 07
Exchanges for Clearing House
9.853,410 29
Bills of other banks
10,571 00
Fractional pup r currency, nickels and
pennies
9 69
Specie
804,842 85
128,440 00
Legal-tender notes
Redemption fund with U. S. Treasur¬
(5 per cent of circulation)
38,160 00
$17,864,904
93
Total
LIABILITIES.
.
$5,109,198
86
848.000
10,000
224.4S7
155,655
.
er
Capital stock paid in
Surplus fund
Undivided profits
National bank notes
$1,000,000 00
200.000 00
Trustees.
WILL BUY
AND SELL
..
WILLIAM STREET.
obtained,
Where all Information and forms may be
or from the Head Office, Montreal, Canada.
INVESTMENT SECUR¬
Guarantee.
ESTABLISHED
WM
NEW. Vice-President.
P. WATSON, Sec’y and Treas.
W. Farmer,
MONROE,
LOUISIANA.
and Supreme
of the State, in
business, and de¬
votes his personal attention ind all his time exclu¬
sively to his profession. Refers to Bank of Monroe.
Practices in the District Circuit
Courts of the United States and
all classes of cases. Has no other
V
j
st.
Cit3r*fc Town Bonds of
Wisconsin Central HR.
Joseph
Western Rlt.
Joseph & Pacific HR.
West. States.
Bonds.
Old Land Grant
Stock,
Bonds.
Joseph Mo., Old Bonds.
International Improvement Co. Subscriptions.
City of St.
mon
Hachlield,
Albert E.
17
Deals
in
STREET,
NASSAU
stock,
Lamoille 1st mortgage 7s,
St. Louis Keokuk & Northwest R’way Securities
Doniphan County, Kan., 7s, defaulted,
Clay County, HI., 7s, defaulted,
DEALT
Bonds Generally.
SAK1JEL
WANTED:
First and only Mortgage 5 Per Cent Bonds.
Brooklyn Gaslight Companv Stock.
Union Kerry Company Stock.
Gaslight Company 9 Per Cent Certificates.
Brooklyn and New York Bonds,
Bank, Insurance, and other Local Stocks.
Nassau
Bought and Sold by
Court St., Brooklyn. 31
for investment.
Complete Financial
correspondents.
BEERS,
Pine St.. New York
Report issued weekly
to our
J. S. STANTON,
DEALER IN
Construction Company,
Continental Construction and Improvement (kL,
North River Construction Company,
Ohio Central Subscriptions,
Richmond & West Pt. Terminal & W’houslngCo.
New York, Chicago & St. Louis Subscription, and
American Cable
all other
quotable Construction Stocks.
17 NASSAU STREET,
BASEMENT.
Glazier, Kohn & Co.,
BROADWAY AND
t>6
NEW
8TOCKS AND
Ernest
BROKERS,
19 NEW STREET,
AND
BANKERS
YORK.
BONDS BOUGHT
COMMISSION.
Groesbkck,
Members N. Y.
AND SOLD
ON
Grant B. Schliy
Stock Exchange
Groesbeck & Schley,
21
NEW YORK,
DEALER IN
STOCKS
AVD
BOYDS,
TELEGRAPH STOCKS,
TRUST
COMPANYS* STOCKS,
City and other
No.
WALL
15
Railroad Stocks Sc Bonds
AND
4
MISCELLANEOUS SECURITIES,
STREET, NEW
YORK
S'. Bailey,
'7 PINE STREET.
Dealings in
STREET.
NASSAU STREET,
GAS
BROKERS,
BARROWS,
C. NOYES,
WM.
BROOKLYN CITY RAILROAD CO.
P.
or
E.
IN BY
lets.
Cincinnati Richmond & Fort Wayne Stock.
Cincinnati Hamilton & Dayton Bonds
1G
II.
38 BBOAD
Columbus & Toledo lsts.
Joliet & Northern lsts.
FRANK
8TOCK EXCHANGE.
A strictly commission business conducted in the
purchase and sale of Stocks and Bonds on Margin
Burlington &
Investment Securities and
Indianapolis A St. Louis
YORK,
BOYDS,
AND
STOCKS
'
Financial.
BROAD ST., NEW
MEMBERS OF THE N. Y
Solicitor and Attorney.
Counsilor,
/'bounty,
Coleman Benedict & Co.
SHORT, President.
W.
St.
1804.
NO. 24
€.
C.
Is solely that of
of this Company
The business
Commission.
WILL BUY OR SELL DEFAULTED BONDS or
convert them into interest-paying investments.
Circulars and other information furnished on ap¬
plication.
JOHN
JOHN
OFFICE:
YORK
NEW
47
No.
200,000
General Manager:
Edward Rawlings.
President:
Sir Alex. T. Galt.
69.087 90
Elevated RR. Securities.
763,200 00 Brooklyn
Ameri* an Cable Co. Subscriptions.
Dividends unpaid
10.041 68 Midland
Railroad of N. J. Securities.
Individual deposits subject to check.. 3,227,110 06
A Grand Trunk RIt. Securities.
951 06 ChicagoCarolina
Demand certificates of deposit
Rlt Securities.
Certified checks
9,317,642 24 South
Rapids & Indiana Rlt. Stock.
5,142 21 Grand
Cashier’s checks outstandi ng
Cincinnati Richmond & Fort Wayne StockDue to other national banks
2,231,4-i4 85
Bouglit by WM. R. UTLEY,
Due to State banks and bankers
1,040,306 93
NO. 31 PINE STREET, NEW YORK
Total
$17,804,901 93
State of New York, County of New York, ss:
pONNEUTICUT TELEPHONE CO.
I, Fred’k Tayloh. Cashier of the above-named
^STOCK,
bank, do solemnly swear that the above statement
is true to the best of my knowledge and belief.
FRED’K TAYLOR. Cashier.
Bridgeport Rolling Stock Company stock,
Subscribed and sworn to before me this 18th day
New England Rolling Stock Company stock,
of March, 1832.
Alfred H. Timp.so.v.
Correct—Attest:
Notary Public, New York Co.
W. i.Ll A ,f D. MORGAN,
i
Springlicld *& New London Railroad stock,
WILLIAM TURNBULL,
^Directors.
EDMUND D. RANDOLPH,)
Kansas City St. Louis & Chicago Railroad com¬
outstanding
Suretyship
Bonds of
to
KENNEDY, - Directors.
discounts.
can be
to head office, 187 Broad-
obtained on application
ITIES on
Loans and
by th«
$300,000 00 FINANCE COMP’Y, OFFICERS AND EMPLOYEES HOLD¬
1,000,000
00
ING POSITIONS OF TRUST.
2,270,479 07
5 Sc 7 NASSAU ST., NEW YORK,
291,627 88
10,964 00 434 LIBRARY ST., PHILADELPHIA, The Guarantee Co,
2,910 00
76,659 00
PORTLAND BLOCK, CHICAGO.
OF NORTH AMERICA.
13,685,601 52
77.7.8 23
370,174 40 Capital Stock, - - - $1,000,000 Cash capital
270,000
5i5,6s2 16
Cash assets over
320,000
2,1:38,209 77
SOUND INVESTMENT SECURITIES furnished
WM. J. QUINLAN, JR ,
Sworn to and subscribed before me
of March, 1882.
Robert
Notary Public, New York
Correct— Atte.-t:
ROBERTGOELET,
purchase and
and persons
business, will
depository
MARVIN, Vice-Pres’t.
WM. R.
YORK.
Capital invested In U. 8. Bonds
On deposit with Insurance Department..
Kendall, Henry Sanger, Alex. McCue,
John P. Rolfe,
Chas. R. Marvin. A. A. Low,
E. F. Knowlton, Abm. B.Baylis, Henry K.
H.E.Pierrepont, Dan’l Chauncey. John T.
Alex. M. White, Josiah O. Low, Edmund
Frederic
NEW
Assets
Wm. B.
516,815 44
Total
$20,797,841 47
State of New York, County of New York,**;
I, Wm. J. Quixl n, Jr., Cashier of “ The Chemi¬
cal National nank of New York,” do solemnly swear
that the above statement is true to the best of my
knowledge and
OF
TRUSTEES:
$20,797,8-11 47
\BILITIES.
CHAS. R.
for money.
CASUALTY CO.
FIDELITY A
registry and transfer books, or make
sale of Government and other securities.
Religious and charitable institutions,
unaccustomed to the transaction of
find this Company a safe and convenient
260.035 00
21,000 00
(other than
in
Premium account
State bank
00
1,731,(>: 0 00
86,531 69
1,480 00—
redemption fund)
Total
N. Y.
This Company Is authorized by special charter to
act as receiver, trustee, guardian executor, or ad¬
ministrator.
It can act as agent in the sale or management of
real estate, collect interest or dividends, receive
Suretyship.
Bonds or
& Clinton sts., Brooklyn,
Cor. of Montague
«* Jfl
Financial.
Brooklyn Trust Co.
THE The
DEPORT OF THE CONDITION OF
Xt CHEMICAL,
NATIONAL HANK OF
NEW YORK, at New York, in the State of New
York, at the close of business on the 11th day of
March, 1882:
RESOURCES.
Gold Cle’g House cert’s
Silver coin
Silver treasury cert’s..
«-
Finanelal.
Statements.
Bank
IVol» XXXIV.
CHRONICLE.
THE
Insurance
A
Stocks
SPECIALTY.
Cash paid at once for the above
they wi U be sold on commission, at
JohnPondir. Eduard
Mertens.
SecnrltlWj w
seller’s optios*
Aug.NATHA**
Pondir & Co.,
Investment Securities,
PLACE, NEW YOB*qq the LendQa and Europe
Stocks, Bonds &
20 EXCHANGE
Orders
executed
@FedFRASER