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HUNT’S
MERCHANTS’
^
REPRESENTING
^ J(? W 5S J)f Jl pr
INDUSTRIAL
THE
MAGAZINE,
AND COMMERCIAL INTERESTS OP THE UNITED STATES.
[Entered according to act of Congress, in the year 1885, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.J
VOL. 40.
March 14 of 1*7 per
sections all show
THE CHRONICLE.
Clearing-House Returns
375
The Financial Situation
376
Cotton Supply and Depression
in Pi ice
378
Union Pacific’s Annual Charges 380
Monetary
and
English News
Commercial
Commercial and Miscellaneous
THE BANKERS’ GAZETTE.
Money Market, Foreign Ex¬
change, U.S. Securities, State
Bonds
and
386 i
Range in Prices at the N. Y.
Stock Exchange
337
Railroad Earnings and Bank
Returns
Investment and Railroad In-
telligence...
t
THE COMMERCIAL TIMES.
Commercial Epitome
Cotton
395 I Breadstuffs...
395
Dry Goods
cent.
an
Week Ending
(&hvouxtU.
Thb Commercial
and
Financial
New York every
Chronicle is
1S85.
published
as
of—
(Stocks.... shares.)
(Cotton
bales.)
(drain...bushels)
(Petroleum, .bbls.)
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
Annual subscription in London (including postage)
Sixmos.
do
do
do
$10 20
£2 7s.
Hartford
JB1 8s.
New Haven
Portland
months, and furnished without
Chronicle.
Worcester
*
Springfleld
publishers cannot be responsible for remittances unless made by
Drafts or Post-Office Money Orders.
A neat file cover is furnished at 50 cents; postage on the same is 18
Tho
cents.
Lowell
Total N.
Volumes bound for subscribers at $1 00.
Philadelphia
Offices In England.
Pittsburg
Baltimore
1 Drapers’ Garden
subscriptions and advertisements will bo taken at the
and single copies of the paper supplied at Is. each.
The ofiice of the Chronicle in Liverpool is at B 15, Exchange
Chicago
Buildings.
Cincinnati
is with
Messrs. Edwards & Smith,
„
WILLIAM B. DANA.
JOHN G. FLO Vi
England
Total Middle....
) WILLIAM B. DANA & Co., Publishers,
79 ic 81 William Street, NEW YORK.
the figures for the same week in 1884, with
which this year's total compares.
The reduction in values
referred to is in many instances very great, and in such staples
as corn and wheat reaches fully 20 per cent.
It should
remembered also that the weather for the week under rev:
(1,151,525;
(600,000)
1
j
(53,e’87,000)
(38,512,000)
(38,079,000)
(+14-3)
(-58-9)
(-2P5)
(+40*2)
(38,371,225)
(46,344,000)
-12*1
$61,607,114
+1:3
-6-5
4,170,500
1,390,030
+10*3
$04,424,330
3,890,000
1,649,854
1,056,509
829,660
-22-0
759,196
-13-1
—9*1
+9-9
(1,352,173)
(+11*7)
(513,200)
(+88*2)
(+39*5)
(-23*4)
-13*6
4,001,554
835,394
+5*2
+00
+3*0
+12*9
+9*7
081,706
+2-7
426,755
431,150
—1-0
006,776
820,374
41:0,308
$05,206,378
$73,723,011
-11-5
$71,000,050
+1*7
$42,547,081
0,448,984
13,159.178
$50,902,900
10,611,183
11,925,437
—10-4
$40,319,799
5,986,793
—12*9
—39-2
+10-3
10,800,429
-7*7
$02,155,240
$73,439,526
—15-4
$57,113,021
-18*1
-8-7
$36,173,589
8,473,100
3,241,497
2,822,179
:-9;7
-22-1
1,050,950
-25*7
+2*7
-0*4
+ 00
1,772,186
1,841,188
—49*0
7.17,387
884.225
—14*3
872,510
-2*8
$54,329,4 44
$57,854,923
-6*1
$55,747,155
-8*1
$13,050,896
$10,514,709
-17*3
$13,075,796
-25*1
659,190
0,929,917
744,191
-11*4
-30-9
10,403,915
4,295,274
2,829,900
1,399,928
-33*4
4,088,982
3,242,887
1,371,737
030,300
7,713,612
3,918,375
-2*0
3,090,033
1,549,035
+2*4
+2*0
$29,943,015
$30,187,917
-17*0
$29,977,151
-20*1
$8,740,412
$8,978,184
-2*5
$9,912,244
$843,430,138
-23*0
St. Louis
St.
Joseph
New Orleans
Louisville
Kansas
City
Memphis
Total Southern..
San Francisco
that embraced by
-16*6
$482,083,774
1,205,162
Total Western...
last year, now ruling on almost all commodities, the amount
of business it covers doubtless approximates very closely to
PerCent
Columbus
Peoria
further reduction in the volume of ex¬
changes this week, the aggregate decline from March 14 reach¬
ing $57,230,612, of which $53,912,086 was in New York, leaving
$3,374,526 as the falling off in all other sections of the country.
The statement is, therefore, less satisfactory than those imme¬
diately preceding it, yet in the light of the lower values than
1
1885.
Cleveland
Indianapolis
There has been a
-27-7
Mar. 14.
$38,566,090
8,809,750
2,870,239
2,314,498
1,374,622
1,704,333
1,205.160
Detroit
CLEARING HOUSE RETURNS.
Per Cent.
Week Ending
$35,218,735
9,117,800
3,020,458
2,121,146
1,071,165
1,811,501
Milwaukee
Post Office Box 058.
$593,240,547
(216,000)
(30,247,000)
3,639,400
1,270,912
900,666
912,027
659,817
700,129
Providence
1884.
(1,310,167)
$50,630,672
Boston
6 10
March 21.
-
Sales
second-class mail matter. I
For One Yrear (including postage)
For Six Months
do
$128,776,088
New York
Saturday morning.
[ Entered at the Post Office, New York, N. Y.,
1,031.
The Middle, Western and Southern
improvement in percentage, but only in
the former case is there any increase of clearings.
At New York there was a decline of 27*7 per cent. Share
transactions on the Stock Exchange reached a market value of
$79,830,000, against $74,442,000 a year ago; with double
these values deducted from the New York totals the exchanges
otherwise arising are seen to be $269,116,688 and $444,362,547
respectively in the two years, or a decline of 39*4 per cent
With New York excluded the week’s total is $220,375,095
against $250,183,591 last year, or a loss of ll‘9per cent, against
a decline of 9*6 per cent during the preceding six days.
Below
we give the details for the different cities :
CONTENT8.
and Railroad
Sto ks
NO.
SATURDAY, MARCH 28, 1885.
^
+ 2-8
+5-2
-8'4
—4*8
+14*0
-15*9
+24*9
+14*1
-f 0*2
-25*3
—7*1
+1*5
‘
$049,151,783
Total all
-14*5
$700,438,395
received by telegraph the returns for the
Friday evening, from some of the iinportWith the exception of Boston and Baltimore, the
We have, as usual,
five days ended with
*
ant
points.
cities embraced in the statement record
clearings in excess of
severely wintry, and that this influence very the
previous five days. St. Louis and Baltimore fail to make
materially checked trade.
as good a comparison with last year as on March 20.
The exchanges aggregate $649,151,783 this year, against
Five Days Ending Mar. 27.
1 FiveD’ys End’g Mar.2()
$843,430,133 for the same period in 18S4, or a loss of 23 per
Per Cent.
1885.
Per Cent
18.84.
1SS5.
cent, against a decline March 14 of 14*5 per cent, and the
-29*8
previous six days of 32’6 per cent. There are eleven cities in New York
*$354,572,0131
$371,107,442; $519,680,276 -28*6
(+6*5)
(1,153,098)1 (+15*7)
XI ,427,942);
(1,341,013,
which there is an increase in the figures over last week, and Sales of Stock (shs.)
-4*3
-8*6
48,664,2731
Boston
44,640,513:
40,644,061
eight cities exhibit clearings in excess of 1884 against thirteen Philadelphia
-17*0
-4*2 »
35,876,875,
37,885,407
36,278,82}'
+ 9*9
a week ago.
9,437,595 ~+6*2*
11,108,994)
The New England section records a decided Baltimore
10,024.7611
-1S2
-AH-5
11,3150,401;
St.
Louis
14,099,547
11,493,795'
decline in the total exchanges, and in comparison with a year
*401.58S.‘>561
20*2
-24*6
*473 611.335
$027 740.SHt.
ago presents a falling off of 11*5 per cent, against an increase
continued
i
i
...
-
£V oi*. XL,
THE CHRONICLE,
376,
FOREIGN TRADE OF
THE FINANCIAL
SITUATION
have left little of impor¬
tance to record affecting the tendency and tenor of previous reports.
A return of milder and more spring-like
weather is a favorable feature for the development of
The events
In the meantime also,
been moving to market
rapidly, and railroad earnings in general continue to make
to this date, very backward.
breadstuffs and provisions have
up
showing than a year ago.
omit to mention as an incident
of the week, the varying changes in the war rumors from
London, becoming more threatening as the'week closes
and their effect on our stock and merchandise markets.
It has looked a little as if Great Britain might
have a brush with Russia after all.
And yet Russia evi¬
a
better
We should not however
Exesss
Exp’ts Imp’ts
1884-85.
October...
November.
December.
January...
February..
Tot. 5
mos.
of
Exp’ts
STATES—(0003 Omitted.)
Silver.
Gold.
Merchandise.
of the past week
spring trade, and business has responded to its influence
in a fair degree.
The decided change in temperature is
of
also
benefit to the crops, and has resulted in somewhat
better news from a portion of the winter-whea’t section,
while the South is thus enabled to make a good start towards cotton planting, farm work in that section being,
THE UNITED
*
1
1
1
71,073 51,713 19,360
79,783 45,518 34,265
91,295 42,139 49,156
80,562 42,218 38,344
53,959 42,024 11,935
376,672 223,612 153,060
Excess
Excess
<r
Imp’ts Exp’ts
of
Imp’ts
Exp'ts Imp’ts
2,430
8,183
2,418
444
603
2,237
7,739
1,815
2,076
1,440
030
1,887
1,630
251
%
2,574
1,850
3,478
2,220
2,507
4,322 12,872
12,038
$
10,994
$
193
$
of
Exp’ts
%
1
031
1,943
1,438
2,144
1,334
1,093
1,130
1,003
1,504
7,021
5,017
412
shows that the balance in our
merchandise for the last five
months has been 153 million dollars; that we have
received in gold during the same months in excess of our
exports of gold about 12^- million dollars, and have shipped
a net total of 5 millions m silver; so that
on our balance
of 153 millions, we have only been paid in money about
7-J million dollars net. Of course there is an allowance
to be made for freights,
interest, under-valuations of
imports (this latter item can however be mostly if not
wholly set off by undervaluations of exports) say aggre¬
gating in all 8 millions a month ; also we may estimate
that on the first of October last we owed the world per¬
The above
favor
on
summary
the movement of
dently has no such intention, for just now she is in a haps 30 or 40 millions (not more) on back unsettled
wretched condition financially to cross swords with the business
Bringing then all these items
during 1884.
money bags of England ; but she means to gain her point
together, the account would stand about as follows.
nevertheless, and may go too far, presuming a little too Balance due the United States on the merchandise account
for the five months ending March 1
$153,060,000
much on the reputation of the Gladstone ministry for
Received during same time in gold, net
$L2,672,000
backing down at the last moment, and so by chance as it Less net shipments of silver
5,017,000
were drift into a fight.
Granting however, that is to be
Net payments received in cash
7,655,000
the result, is it not possible that the United States is antic¬ Net payments in freights, &c., 8 millions per
40,000,000
month..."
ipating too large a dividend as their share in the contest ? Back debt unsettled October 1, 1884, say.... 35,000,000
82,655,000
In the first place active preparations do not necessarily im¬
Total still due and unpaid March 1,1885
$70,403,000
ply war, but tend rather to prevent it; furthermore, even a
This rough statement indicates that on the 1st of March,
considerable skirmish, as armies are situated there, need not
result in hostilities ; Russia could explain it, and if by any 1885, the United States had outstanding to its credit on
the foreign business account about 70 million dollars. And
species of diplomacy she could retain what she had gained
negotiations (perhaps that is not too
expect as Mr. Gladstone met the previous similar
that way) she would have no more need for
by it pending further
much to
issue
war.
in
Besides
if the
worst
that is anticipated hap.
notwithstanding that fact, sterling exchange has gone
up one cent this week, and it would be no surprise if an
export of gold should set in before many months. Values
are thus showing themselves to be above the reach of stat¬
utes.
Would it not be in order now for our silver friends
to move in full force against foreign exchange, for “the
unjust discrimination” it exhibits towards that idol of our
country the silver dollar! The saddest part of it all is,
however, that our trade balance comes, not from exports
(for in February they were the smallest of any February
since 1877), but from decreased imports—that is, from the
very depression in business whicli the silver scare produces.
We do not hear that any progress is being made in
yet,
though food products would for the time being
appreciate in value, cotton would suffer; and as we have no
corner on
wheat raising, the higher prices would drain
other sources of supply and extend planting everywhere.
So the most that can be said seems to be, that hostilities,
if carried to the extent of blockading Russian ports, would
hasten the marketing of breadstuffs, help Western farm¬
ers through the better prices received for the remnant of
the old crops, and improve Western find Trunk-line rail¬
roads temporarily, while on the other hand increasing the advancing the measure proposed by our Railroad Commis¬
chances of another glut of food products the coming fall sioners in their report to the Legislature to prevent the
building of any more parallel roads, and yet not a week
and winter.
An unfortunately suggestive circumstance of the week passes without affording new illustration of the waste that
has been the hardening tendency of sterling exchange. policy has caused and is causing, and the necessity there is
We commented in our last
This would be of comparatively little importance if the con¬ for directing such enterprises.
on the Nickle-Plate emergency and the drop in its mortgage
dition of our foreign trade produced it.
To be stare the
Since then the situation has been more fully
balance in our favor is less in amount each succeeding bonds.
month now, but there is a large unsettled balance still, developed and now a default and a receiver are claimed
sufficient to have given us a substantial increase in our to be the process through which an adjustment is to be
stock of gold; or, in default of that, sufficient to keep ex¬ reached. Had that road been built to develop the country
and pay the projectors in a legitimate way, it would never
change down, now that exports have fallen off; yet in spite
of our favorable trade conditions, with the first check in have been located along side and' in sight of the Lake
The same truth applies also to the West Shore,
Shore.
exports, up goes sterling—strikingly confirming what the
situation for months has been proving, that foreign ex¬ the bonds of which have dropped this week to 32.
Neither of
these enterprises will be of any benefit
change has strangely broken away from trade influences
and is being dominated by a more subtle agent.
The to the industries of the country for many years,
Bureau of Statistics has this week issued its February trade whereas if their location had been directed by com¬
statement, and we add that month’s totals to our usual table, missions, the same amount of capital could have done
to enable the reader to take in the situation at a glance. a great service to our producing interests. We notice that
pens,
,
*
March
THE CHRONICLE
28, 1885.]
377
legislature has this week taken action on the extinction of the floating debt of 3£ millions in amount.
this'question,- ostensibly moved thereto by residents along That, to be sure, is not a heavy debt for a corporation of
the line of the New York & New Haven road, who desire the magnitude of the St. Taul to carry, but of course no
protection from the frequent invasion of their lands by debt at all would be better. It is true, too, that the debt
engineers and others engaged in speculative railroad enter¬ has been heavier in other years, when full dividends were
prises. The railroad committee, after many hearings, has declared, but that is of no consequence. The industrial
reported the following bill, with a recommendation that it situation and general surroundings were better then than
The two per cent reduction effects a saving of
be continued to the next session and printed with the now.
laws.
$600,000 to the company, and the surplus beyond the
dividends and interest, which on a seven per cent basis
No railroad company hereafter organized under the gen¬
eral railroad acts or now organized, and whose lay-out has not would have been $453,901 for the late year, on the five per
been approved by the Railroad Commissioners, shall enter upon cent
basis is $1,071,986.
The better opinion will be,
or take any land for its purposes, without the consent of the
owners thereof, until the said Commissioners, after public
therefore, that the stock is more valuable under this con¬
notice and upon a public hearing, shall find and certify that servative action than it would have been if the
regular dis¬
the building and operation of such road, in the manner and in
had
tribution
been
determined
the general line proposed, will be of public benefit, and will
upon.
The St. Paul has a
promote the welfare of the people of this State.”
large margin of income between its earnings and mere
This is perhaps a good model for all our legislatures. interest requirements.
Its interest payments in 1884 were
As our Railroad Commissioners well said in their report, $5,918,608, and for 1885 will be, we should say, $6,175,why should the State delegate to any 13 men the power 000. Against this the 1884 net earnings were $9,611,370
to build a railroad for mere private gain at the expense of —50 per cent in excess of the amount needed.
vested rights and grave public interests.
The stock market has been active and irregular, and
Speaking of West Shore suggests the proposed plan of not until Wednesday were there any clear indications
reorganization which current report claims is the one the of its being influenced by the European war news. Up to
committee appointed for that purpose are likely to agree that time special causes were used to account for the fluc¬
upon.
There must be something to be added to tuations, the uncertainty as to St. Paul’s dividend being
the public’s version of the matter, or else it is a prominent among them.
Another influence was the re¬
that the present port on Monday that the differences between the roads in
very lame affair, for it
assumes
bondholders are the most disinterested, self-sacrificing the Transcontinental Association—including Union and
set of individuals that the financial world has ever pro¬ Central Pacific, St. Louis & San Francisco and the Atchi¬
duced.
The rumor provides, first, for a first mortgage of son Topeka & Santa Fe—had been adjusted by a revision
25 million dollars with which to take up 10 million ter¬ of the pooling contract, and that this would end the quarrel
minal bonds, on which 6 millions have been borrowed, between the Union and the Central Pacific and Pacific Mail.
and 10 million equipment bonds, on which 5 millions have On this announcement all the Pacific stocks rose sharply, the
been borrowed, the balance being used to clear off latter most rapidly because of the large short interest in it,
the Connecticut
“
second mortgage and also for the reason that it was rumored that the set¬
of 25 million dollars to settle with the Ontario & Western, tlement would immediately result in the adoption of anew
with the North River Construction Company, and to put contract with the steamship company.
As a matter of
the road in good condition for traffic.
Finally, provision fact, however, no movement in this direction was taken,
receivers’
certificates.
Next, to issue
a
is made for
giving the existing bondholders a preferred although it is asserted that preliminaries have been
One is almost surprised, arranged, and that all the Trancontinental roads, in¬
rumored plan should not stead of the Union and the Central Pacific alone,
have gone one step further (having taken care of all other will be parties to the new agreement*
On Tuesday
the
Vanderbiit
specialties
were
favorably
influenced
parties), and provided that the old stockholders have the
preferred stock, and the old bondholders come in after *>y the announcement that at the meeting of presi¬
stock for their present first lien.
after reading the above, that the
them for the
An
common
stock.
interesting event of the week has been the disposal
by the Chicago Milwaukee & St. Paul directors of the div¬
idend question on the stock of that road.
It was voted
to make the next semi-annual payment 1£ per cent, in¬
stead of 3^ per cent, as heretofore.
This under the pres
ent conditions of business is certainly a wise disposition of
the matter.
Some argue that the present distribution is
to be accepted as meaning 5 per cent dividends per year;
others only 3 per cent.
It really does not matter which
The lower rate improves the position of the property and
will, we should judge, increase confidence in the manage¬
ment.
The directors have thought it proper to make some
explanation of their action, and they conclude their ad.
dress to the stockholders with the remark that they “feel
“the importance of economical and conservative manage'
“ment, and hope and believe that the policy now
adopted will meet the approval of the stockholders.” We
are sure it will meet their
approval, and of the general
public as well. The important fact to remember is that
the regular dividend had been earned, that the property is
doing well and its earnings still increasing, and only pru¬
dence and caution (which in a troublesome period like the
present are very desirable qualities) prompted a lowering
of the rate.
The object had in view is stated to be
“
dents
it
had
been
decided
to
continue
the
east-
pool organization until May 1, and that mean¬
be made to give it more permanence
and efficiency by obtaining the co-operation of other roads
in the West.
Central New Jersey was unfavorably af¬
fected by the determination of the directors to take steps
to annul the Reading lease, and by the prospect that de¬
fault would be made in the payment of the April interest
on the bonds.
On the following day there was a sharp
fall in the stock on an unfounded report that the road had
already been placed in the hands of a receiver. Subse¬
quently there was a partial recovery, which was maintained
to the close.
Since Wednesday the varying phases of the
European war news have been the dominant influence. The
trading is mostly confined to the professional speculators.
jPennsylvania Railroad statement of earnings and ex¬
penses for February has been issued this week, and makes
of course a decidedly unfavorable showing.
We are com¬
paring with a month last year which had one day more
than the present, while rates on through traffic have been
completely demoralized, both east and west-bound. Es¬
pecially important is it to note the official reduction in the
bound
while efforts would
latter.
It is
the west-bound business that furnishes the
highest rates and the most profitable business, and it is
on that class that late in January (owing to cuts by some
THE CHRONICLE.
378
of the
lines) the tariff
was
reduced
as
much
as
transcending all other influences in its immediate effects,
was
the extreme severity of the weather that pre¬
vailed.
That is
so
recent
an
event
collected
by
exhibits the receipts and
freight, shipments of gold and currency by the New York banks
perhaps during the week.
one-third—
from 75 cents to 50 cents per 100 lbs on first-class
and other classes proportionately.
Finally, and
from returns
[VOL. XL.
and has been
so
Week
Received by
ending March 27,1885.
Currency
sum
of
$294,090.
This decline is the
that there had been
more
noteworthy
almost
Total
Met Interior
Shipped by
N. Y. Banks. N. Y. Banks.
Gold
frequently alluded to by us, that we need not dwell
The result of all these adverse influences
upon it now.
was that gross earnings on the Eastern lines fell off $351,033, and this having been accompanied by a reduction of
only $56,943 in expenses, net shows a decline in the large
us,
gold and legal tenders..
..
§1,045,000
75,000
§715.000
§1,120,090
$715,000
Movement.
Gain...
Gain...
$330,000
$75,000
Gain..
$405,000
The above shows the actual
of
gold and
the interior.
changes in the bank holdings
caused by this movement to and from
currency
In addition to that movement, the banks have
lost
$750,000 through the operations of the Sub-Treas¬
ury.
Adding that item to the above, we have the following,
equally heavy falling off which should indicate the total loss to the New York
previous year. The net in February, 1883, was
Clearing. House banks of gold and currency for the
$1,336,694, this year it si only $830,489—loss over week covered
by the bank statement to be issued to¬
half a million.
The Western lines last year gave a poor
day.
account of themselves ; this year, they do still worse, the
deficit in meeting liabilities being $190,780, against $145,Week ending March 27,1885.
Into Banks. Out of Banks. Net Change in
B ink Holdings.
686 in 1884, $98,536 in 1883, and a surplus of $165,022
Banks’ Interior Movement,
above
Gain.
$1,120,000
$405,000
$715,000
in 1881 and $133,243 in 1880.
Loss.
The following offers a Sub-Treasury operations
750,000
5,000,000
5,750,000
Total gold and legal tenders
Loss.
§0,120,000
$6,465,000
$345,000
comparison on both Eastern and Western-lines for six
The Bank of England reports a gain of £128,395 bul¬
years.
lion during the week.
This represents £229,000 received
Lines bast of
1885.
18S4.
1883.
1S81.
1882.
1880.
an
in the
as
from abroad and
PiTTSBURO.
February.
Gross earnings
Operat’g
Net
expenses.
earnings...
Western lines
Result
3,07',700
2,245,211
3,420,733
2,302,154
$
3,712,215
2,375,521
830,489
-190,78C
1,124,579
1,330,694
—145,080
—98,530
1,079,021
-100,197
039,709
978,893
1,238,158
979,424
6,353,222 7,000,900
4,532,159 4,710,251
7,641.572
4,833,820
$
s
$
3,300,750
2,227,129
3,095,014
1,937,510
§
2,944,576
1,712,394
1,158,104
+165,022
1,232,182
+ 133,243
1
1,365,425
323,126
Jan. 1 to March 1.
Gross earnings
Operat’g
expenses.
Net earnings...
Western lines
Result
0,060,071 6,284,829 0,028,127
4,526,184 3,919,804 3,429,047
£100,605 sent to the interior. The Bank
gained 2,952,000 francs gold and 6,772.000
francs silver, and. the Bank of Germany since the last
return
has increased 2,280,000 marks.
Tiie follow¬
ing indicates the amount of bullion in the principal
European banks this week aiid at the corresponding date
of France
last year.
1,821,063 2,290,715 2,807,752 2,153,887 2,364,905 2,598,480
—204,<00 —250,271 +123,274
—57,449 +546,229 +434,070
1,550.803
2,034,444
2,931,020
2,090,438
2,911,194
March 2 6,
8,032,550
The
interesting feature in this table is not so much
earnings as it is the comparatively
large aggregate at which expenses have-been maintained,
making it clear that the weather greatly increased the
cost of operating.
In none of the years given above do
we find net earnings as small as those for this year.
We
must go back to
1878 to reach a similarly low
aggregate.
Taking both Eastern and Western lines
together, the net result for 1885 is only about half that
of such years as 1883, 1881 and 1880, and this applies to
the two months as well as to February alone.
For these
two months it will be seen the result is only $1,556,863,
against $2,034,444 in 1884 and $2,931,026 in 1883, and
equally heavy totals in 18S1 and 1880.
Exchange, as already stated, has been advanced one
cent per pound, sterling this week.
The investment
demand for long sterling continues, although there is very
little profit in the operation, and comparatively liberal
offerings are made of maturing bills. Commercial drafts
are scarce, being rapidly absorbed by bankers.
An inter¬
esting feature has been noticed within a few days, and that
is a demand for sterling for remittance to the Continent.
The reason for this, as stated by a prominent banker, is
that the Bank of France refuses to pay gold, a great deal
of silver is reaching Paris from Italy and Belgium, and
houses that are called upon to receive these deposits are
discriminating against silver. This causes an uneasy feel¬
ing, and hence bankers remitting to France select sterling,
which is equivalent to gold, instead of francs, as the latter
can and may be paid with silver, that metal
being a legal
the decline in gross
Bank of
Silver.
X
*
Total tliis week
Gold.
Silver.
&
£
25,480,425
....
7,226,837 21,650,513
7,546,000 22,638,000
•73,643,43S!64,096,453
73,368,24.o|t>3,739,335
73,193,259 62,735,154
72.89S.773 63,322,103
The
Assay Office paid $11 1,275
Treasury
for domestic bullion
foreign bullion during the week,
Treasurer received the # following
House.
1884.
40,425,229 42,115.915 40.171,334 40,097,154
Germany
Total previous week
Gold.
March 27,
25,991,372
England
Bank of France
Bank of
1885.
through the
and
and
Sub-
$97,050
for
the Assistant
from
the Custom
.
Consisting of—
Date.
I>ulie$.
Gold:
U. S.
Gold
Silver Cer¬
Notes.
Certifies •
tificates.
$377,527 27
$3,000
$73,000
$L8 4,000
$117,000
“
21.
204,151 77
2.000
63,000
55.000
“
23.
24.
275,000
84,000
209,000
116,OCO
25.
92,000
26.
85,000
82,000
59.000
“
23
68
44
107,000
80,000
“
2,000
1,000
2,000
3,000
217,000
“
535,861
472,001
233,612
GOO,258
332.000
192,000
$2,437,415 40
$13,000
$490,000 £1,122,000
$810,000
Mar.20.
Total.
01
CO TTON SUPPL Y A ND DEPRESSION IN PRICE.
The cotton crop
of 1S84-85 has been sold at an average
price much less than it would have brought if statistics of
supply and consumption had not lost their usual effect
under some influence at once adverse and powerful.
As one cent per pound on a single crop of only 5,750,000
bales amounts to $27,750,000, and as another crop is about
to be planted, which, if the conditions are all favorable,
may count up to 7,500,000 bales, On which a loss of one
tender in France.
This movement of course increases the cent per pound -would be about $34,000,000 to the cottoninquiry for sterling. The war news has had no influence producing States, it is well to inquire—(1), if it be demon¬
on the
exchange market as yet.
strably true that those States have this season suffered any
Bankers’balances remain nominally at I @1-1 percent such loss as is above suggested ? (2),
the loss being actual,
and there is no important movement of money reported if it
was, in the nature of things, inevitable, or if it came
at interior points.
The following statement, made up from a cause 'not only preventable, but actually foreseen
■
March 28,
THE CHRONICLE.
1885.]
predicted ? and, (3), at whose door lies the respon¬
sibility of inflicting a great injury upon the whole country,
most visibly hurtful to the Southern States ?
The first branch of the inquiry—whether the true rela¬
tions of supply and demand would have secured higher
prices for cotton than have been obtained this season, if
they had been free to work as in past years, without
and
hindrance—must be answered
by statistics.
Let
us
take
those of the present crop, so far as yet known, with
of the last five preceding crops—quantities, and the
of
those
price
Middling Upland in New York at intervals of two
months from
September 1:
r rices.
Crop of—
I
Mar. 1.
Nov. 1.
Jan. 1.
11-31
12-56
13-04
11-81
11-06
1200
11-56
1063
11-63
12-00
11-69
12-25
11-08
10-13
10-19
10-50
10-44
10-87
11-75
11-39
i
1883-84
5,757,000 |
6,589,000 j
5,436,000 !
6,992,000 !
5,714,000
1
10-62
Average 5 years, 1879-84
Estimated crop 1884-85.
6,097,000 I
5.750.0C0 :
11-14
11-43
11-47
975
11-06
11-44
1879-SO
1880-81
;
....
1881-82
1882-83
The last five full crops
May 1.
ment debt in silver
379
dollars,
other contingency shall
put a premium on gold. If that shall happen every bit of
property, every debt receivable, every day’s labor belong¬
ing to the people, will be valued only in silver, say 82 or
80 cents per dollar, while bankers, merchants and other
capitalists know7 how to protect themselves with gold con
tracts.
As the clanger now is far greater and the hope
less than in 1877-78, so is the distrust more depressing
now; and
that is why the distrust born of silver
coinage has cut down the price of the cotton crop
of 1884-5 at least one cent, it may be two cents, per
pound lower than it ought to have been had the silver
coinage act been repealed two years ago.
It is not
extravagant to say that if the last Congress at its first
session had repealed that law, it would have saved twenty
million dollars to the people of the South on that one crop
alone, for it would have inspired confidence, which is the
life of credit and so of active and profitable trade and
productive industry, as distrust is their destroyer.
No man can find any other sufficient or even plausible
reason why cotton did not rise in price as demanded by its
statistical position last October, or for the greater part of
the business depression that everybody has felt the last
year, than the dread of evil to come (herein called
or any
give a yearly average of 6,097,000
bales, including two that were much the largest ever pro¬
duced. Their average price, measured by the price of
Middling Upland in New York for eight months of each
If our
season, was | cent per pound more than the average “distrust”) proceeding from silver legislation.
obtained for the first five-sixths of the present crop— cotton- crop of this season has been depreciated to the
though the latter is nearly or quite 350,000 bales less than amount of 25 million dollars or more, whereby the cotton
their average yearly quantity, though it is the second short growers were made to lose that much money by compul¬
crop in succession, and though the surplus promises to be sion of the silver coinage law—if that loss was avoidable,
very small on the 1st of September next, notwithstanding forced by folly ruling in Congress against every require¬
the great and sudden contraction in the consumption to ment of principle and good policy, as against the earnest
that date.
representations of the several Presidents and Secretaries
It will be answered that all other merchandise as well as of the Treasury, and if the failure of members of Congress
cotton is under depression.
True, but with one wide from the cotton-producing States to vote for repeal of the
difference as to cotton, that while there is an excessive injurious legislation is the real and responsible cause of
supply (now called “ over-production”) of other merchan¬ the loss to their constituents, the inquiry on which we
dise, it is not true of raw cotton ; for instead of its excess started is answered.
So much about the cotton crop of 1884-85.
a deficiency was impending, and is but partially averted by
Another
severe reduction in home consumption,—a condition which
crop is now about to be planted.
It may be a very large
one.
The
cotton
in any previous season since the war would have forced a
crop of 1870-71 was the second largest
ever
material advance in price.
produced to that date, or 4,352,000 bales. Yet an
It is true that cotton shares in
in the Chronicle of February 11, 1871, said: “The
article
the general depression in spite of its own scarcity, through
the bad state of cotton manufacture and trade, as it did in “season of 1869 was highly favorable and that of 1870
the extreme depression of 1877-78, and from a similar
surpassed it. In all the history of American cotton-growcause—distrust, then as now the effect of an unsound and “ing the third progressively favorable season has never
untrustworthy currency ; then of irredeemable greenbacks, “been recorded. The next may be unfavorable. A planting
now of irredeemable and depreciating silver dollars.
Seven “equal in area to that of 1870 may turn out less than
3,000,000 bales,’’etc. The whole outturn of that crop (1871
years ago, when there was doubt if resumption of gold
payments would be attained by January 1, 1879, as -72) was only 2,974,000 bales. The weather phenomena of
required by the act of 1875, even then the first five-sixths the winter of 1870-71 in the Southern States were very
of the crop of that season sold at a higher price than has remarkable for high temperature, light rains, no snow and
been obtained for the crop of 1884-85, although the statis¬ no freezing, from the'middle of November to the middle
of February—so fine and warm that cotton picking of the
tical position of the latter has been far the stronger.
Why should this be so ? Because, bad as things were 1870 crop continued into February, and in that month a
then, there was a bright and hopeful outlook ahead. large part of the cotton land in the Southwestern States
A currency based on and redeemable in good money had been bedded up for planting.
These extraordinary
winter
weather
conditions
was
suggested the probability of
promised by the Resumption Act, and fulfilment
was near.
Now the promise of existing law touch¬ heavy rains
and cold weather in planting time by
which
the
cotton
crop would be “thrown into grass,”
ing the currency is that its volume shall be increased
while.its value shall be degraded by the addition yearly resulting in a short crop, as suggested in the above
of about 28 million silver dollars (or up to 56 millions extract.
The weather phenomena of the four months November
at the discretion
of - the Secretary of the Treasury)
until the entire currency (its gold part then being expelled) 15 to March 15, 1884-5, have been almost entirely the
shall consist of silver dollars and circulating notes redeem¬ reverse of those in 1870-1, and suggest the probability of
able in silver dollars—unless a timely repeal or suspension a very favorable planting time this spring.
Another fea¬
of the silver coinage act shall avert that catastrophe. ture of 1870-1 may also be reversed : history does not tell of
Sooner or later the end feared must come if silver coinage more than two successive shortening crops. The next
be continued until the officers of the United States Treas¬ may be very large.
This is probable also, weather per¬
ury shall be compelled to tender payment of any Govern¬ mitting, from the fact that grain-growing (except for home
“
“
THE
380
CHRONICLE.
[VOL. XL.
wants) in the cotton States has not been profitable the last and reflect credit on Mr. Adams’ management, it is per¬
The monthly exhibits since
year or two, and is likely to^give place to cotton on many haps unnecessary to state.
thousand
the advent of the
acres.
probabilites, but venture no predictions of
what the harvest shall be.
A crop of 7,500,000 bales in
1885 would be no larger for the land, labor, fertilizers, &c.,
available, than was that of 4,352,000 bales for 1870, or
6,992,000 bales in 18S2. Let us suppose a crop of
7,250,000 bales (only 258,000 or 3 7*10 per cent more
than the actual crop of three years ago) to be made and
saved.
Should manufactures and trade be fairly active*
as
ought to be after so long stagnation, such a crop
would no more than suffice to supply the world’s consump.
tion in the following year, and make good the depletion of
the autumn surplus.
Under such conditions, without
cause for fear or distrust, a crop of 7^ million bales ought
to bear a price for middling upland cotton as good as has
been obtained for the present crop, if not a better one.
But should the existing causes of business depression—
We state fair
fear and dulness—continue in force when all the world
shall
that
of 7^ million of bales of cotton is
seeking a market, under conditions as adverse as those now
ruling—possibly aggravated by a drain of gold—prudent
men will
expect very low prices for cotton. Should the
decline be 2 cents per pound it will amount to about 7 0
million dollars on 7^ million bales; and 2 cents per
pound is a small allowance in price for the difference
see
a
crop
between confidence and distrust.
Have the Southern
administration, have been very en¬
couraging, and this foreshadowed the nature of the year’s
report.
Nevertheless, the favorable character of the
return now submitted is worthy of remark—especially as it
embraces the results for the months from January to
June, which were notoriously bad.
It is a singular fact, however, that the price of the
property does not improve in the market, but on the con¬
trary has been tending lower. Of course, the quotations
on our
Exchange do not always represent the actual value
of a thing, nor do the temporary fluctuations count for
much ; but, in the long run, the merits of a property
should assert themselves, and their influence become ap¬
parent in the current rates for the stock. Mr. Adams has
made a thorough investigation of the accounts for 1884,
and finds that, as nearly as can be stated, the surplus in¬
come for the
year is $3,310,104, equivalent to about 5*4
per cent on the capital outstanding.
Yet the stock is being
knocked about in the market at 43@44.
Such an anomaly can only be explained on the supposi¬
tion that the investing public do not fully understand the
position and merits of the property, or else that there is
some
mystery or uncertainty about its affairs, keeping
it in an unsettled state.
In point of fact, to some extent
all these drawbacks exist.
In building a large and exten¬
sive system of branch roads, a heavy floating debt was
accumulated, which the times have made it difficult to carry.
The construction account is now closed, and the debt has
been materially reduced, but the burden has not yet been
entirely removed, and the adverse effects of its earlier history
have not yet passed away. Then there is the difficulty with
new
right to complain if they
such a loss on the next crop, or have they a
right to expect anything better, seeing that their repre¬
sentatives in the last House, almost in a solid body, joined
in voting down Mr. Randall’s proposition (from the Appro,
priations Committee) to suspend the silver dollar coinage— the Government. How much does the road now owe
which, in effect, was a vote to perpetuate and intensify the under present laws? "What amount is likely to be called for
in the immediate future ?
Is the existing law to be
prevailing depression ?
It has been Well said that the people of this country,- so changed ?
If so, will the company be leniently dealt with,
favored in circumstances, can adapt themselves to any law or are onerous exactions to be imposed upon it ?
If no
and condition.
This is true in part, but not true in whole. change in the law is made, how will the debt to the United
Providence has been so lavish in his gifts, that we can adapt States be met when it matures, a decade or more hence ?
ourselves to any condition or legislation which permits of The effect upon earnings of the construction of a large
cure through energy and natural forces combined;
we number of expensive branches, is also involved in doubt.
cannot however live down legislation which attempts to It is not yet clear that these will be able to take
subvert values; we cannot reverse natural law.
For many care of themselves. This latter however is perhaps the
years we have been trying it, with all our industries going least important influence of all, for the extent of
The pro rata loss to the its demands upon the road’s income is now pretty well
from bad to worse all the time.
whole country and its many interests is no less than upon established. Of course, undue prominence and exaggerated
cotton.
The fact of the loss on cotton could be more importance is attached to this as well as to the other
influ¬
ences
readily shown, and hence the use of it to illustrate the
mentioned, but it is just that circumstance that
accounts
for the weakness of the property in the market.
general fact that the curse of the day under which every
interest, all business, even the bullion price of silver itself, It may be said, however, that the only really uncertain
is suffering, is the silver coinage law.
So great is the element concerns the road’s relations to the United States
magnitude of the evil by its menace, so much greater the Government on the debt question. That is a pressing
calamity if degradation to silver value shall come, they matter, and must be adjusted one way or another before
afford good reason for asking the President to call an extra the company’s future will be entirely clear.
session of Congress to deal with the matter in October
But much misapprehension exists as to just what is the
next, or sooner. The mere announcement of such a call real embarrassment. It is an every-day occurrence to hear it
would go far to banish distrust and kindle up new business stated that the Government must take measures to enforce
life.
contributions now towards meeting the bonds issued by
the United States, lest when the bonds mature it be found
UNION PACIFIC'S ANNUAL
CHARGES.
that the company has no money to pay them with, and
The report of President Adams on the Union Pacific the Government be required to take possession of the
operations for the year 1884, presented this week at the property and foreclose it under the mortgage, in which
annual meeting of the stockholders, will receive the atten¬ event it is intimated that the road would bring less
That is altogether erron¬
tion it deserves.
It is not the full and exhaustive exhibit than the face of the bonds.
The Government lien is perfectly good—infin¬
which has been in preparation for some time—that will eous.
not appear till later—but merely a brief preliminary state¬ itely better in fact than it was when the
bonds were
If
issued.
there
were
no
other
obstacle
in
the
way, the
ment, which however enables one to see clearly the fiscal
results for the year. That these results are satisfactory matter would not be very serious.
The bonds (constituthave to accept
people
any
f'
THE
1886.1
.March 28
■ ‘
'
"
381
CHRONICLE.
W
Government requirement, etc., as $2,962,485.
This in¬
ing a second mortgage) could be extended at maturity and
cludes $649,415 on account of Kansas Pacific land sales
at a reduced rate of interest, too,—say at 4 percent. New
which he recommended last October should hereafter
bonds having the same lien would be issued—and on the
be set aside as a sinking fund for the retirement
security offered, find abundant takers—and the proceeds of
of the consolidated mortgage bonds.
He states that the
the same would meet the bonds originally put out.
difficulty therefore is not with regard to the principal,
but concerns the accumulation of interest, which is increasing
the amount of the debt the road must pay when the bonds
fall due.
The Supreme Court decided a few years ago
that the company was not obliged to pay the interest till
the maturity of the principal, but that the Government
could compel it to make provision for meeting the debt,
principal and interest, in anticipation. It was early seen
that the yearly contribution of five per cent of the net
earnings, as required originally, would be insufficient to
take care of the interest, let alone the bonds themselves, and
it was this that led to the passage of the Thurman Act of
1878, increasing the Government requirement to 25 per
cent of the net earnings.
But even this has proved in¬
adequate to liquidate the yearly interest charges. In most
recent years prior to 1884, the amount of the .Government
requirement did not fall far short of the interest on the
subsidy bonds, and in 1882 slightly exceeded the same ;
but in 1884 there was a heavy deficiency, and we find by
the balance sheet that from February 1, 18S0, to December
31, 1884, a deficit of $1,451,215 accumulated against the
company, the greater part in 1884.
The reason for the
deficit in 1884 is that the Government requirement applies
only to the subsidized lines, on which earnings have heavily
The
fallen off.
The result of all this accumulation of
interest
surplus given should properly be increased by $245,754
taxes paid in excess of the ordinary
amount, owing
to a change in the law of Nebraska, and by $101,866 on
account of bridge tolls due the company, but not paid in the
year.
These two items would raise the surplus to $3,310,105, and it is in this way that Mr. Adams finds a surplus
of 5*4 per cent on the stock.
According to our method
of determining the year’s earnings on the stock, the result
would be
as
follows.
Surplus shown by the year’s accounts (including
$649,415
of Kansas Pacific land sales)
Add St.
Add
101,866
245,754
Joseph bridge tolls
excess
of taxes
r
$2,962,485
paid
$3,310,105
Total
Deduct deficiency
of U. S. requirement in meeting interest
subsidy bonds
825,261
Actual surplus
$2,434,844
on
surplus would be a trifle less than 2-Jdollars, equivalent to about 4 per cent on the
$60,868,500 stock outstanding. If the Kansas Pacific
land receipts were also deducted, the surplus would be
equal to about 3 per cent. That, it should be remem¬
bered,' however, is the result in a year the first half of
which was the worst ever experienced by the company,
snows and ice, and a war with rival lines, having cut
down earnings to very small figures.
It will perhaps be
On this basis the
million
claimed that
as
we
have allowed for the
full interest
is, that instead of $33,539,512, the amount of the princi¬ charge on the subsidy bonds, we should also allow for a
pal of the bonds, the Union Pacific on December 31, 1884, sinking fund to take care of the $15,324,738 accumulated
interest now existing, and which will have to be met
was indebted to the Government in the sum of $48,864,250.
twelve or fourteen years hence.
As said above, we
Plere, then, is a weak point, which it is to the interest think immediate steps should be taken to make some
of
both the road and the Government
to
overcome.
duty of those interested to see, first, that no
take place; and, secondly, that
those now existing, be, if possible, reduced or removed.
To accomplish the first, nothing more is necessary than for
It is the
accumulations
further
of
the company to provide each year for the full payment
the interest accruing.
There is no reason why this interest
should not be allowed for, the same as the interest on the
company’s own bonds. To accomplish the second, it
might be desirable to provide a yearly sinking fund, which
would, at the redemption of the bonds, take care of the
accumulated interest that has accrued to date.
But
that
passing the second point, it is at least
no
imperative
further accumulations of debt to the Government
permitted to occur. The principal of the subsidy
outstanding on the Union and Kansas Facific
roads, is, as stated, $33,539,512, which at 6 per cent calls
for $2,012,371.
That is, the United States pays out this
amount per year, which the road will have to repay at
maturity of the bonds. Now the Government requirement
(25. per cent of net earnings on the Union Pacific, and 5
per cent on the Kansas Pacific) for 1884 was only
$1,187,110, or $825,261 less than the interest charge.
be
bonds
Hence there
was an
accumulation of interest in this year
provision for this debt, but we can hardly get ourselves to
believe it would be proper to charge anything on that
account against present net earnings.
The amount would
necessarily be large, and does not really belong to the
1884 operations, but rather to the operations of the years
preceding, from which it was excluded.
With reference to the floating debt, Mr. Adams gives
the gross amount December 31, 1884, $11,306,595, against
$10,230,426 December 31, 1883, and the net amount
$3,237,696, against $3,482,656. Both amounts had been
very heavily increased during the first six months, but
by prudent and economical management Mr. Adams sue
ceeded in bringing them down again to their present propor¬
tions.
It should be said that in the offsets to the gross
debt, and by deducting which we arrive at the net debt,
the company’s stocks and bonds held count for $3,578,160,
against only $2,099,433 a year ago. That is, there has
been an increase of nearly a million and a half in this
item, and except for which increase the net debt would be
larger than in 1883. On the other hand, the amount of
actual cash in the assets was only $712,963 in 1884, against
$1,403,652 in 1883. These are the figures just as they
appear in Mr. Adams’ statement.
But looking back we
find that in the company’s report for 1883 the cash on
hand then was given as $1,962,310, or $558,000 more than
Mr. Adams now reports it to have been. The new manage¬
ment have charged off large amounts for “ accumulated
deficiencies, open accounts, and disputed credits,” and with
We think that allowance for
considering the year’s results.
If the bonds wTere its own the company would certainly
have to make provision for the interest in full each year ;
reference to these amounts Mr. Adams states that “ there
even as it is, the same will have to be met in the end, and
the present policy, though strictly in conformity to the is nothing about them calculated to excite unusual com¬
law, merely defers the time of making it. By that policy, ment.” We notice that in the items of accounts payable
however, what should be a charge against the present, and bills receivable there are some small changes in the
becomes a charge against the future.
Mr. Adams gives figures now given, but with regard to these it is easy to
the actual surplus income for 1884 above all charges, see how there might be differences of judgment between
alone of
over
$800,000.
this item should be made in
382
THE CHRONICLE.
—
-
■’
[VOL. XLr
—
.
-
:
■
—
-
-
"*
-
different persons as
to their value. How any difference, day that the month contained in 1884 is responsible for the
however, could exist as to what constitutes and is called decline, but the chief reason, as said, is to be found in the con
“cash,” we are at a loss to understand. Perhaps the traction in the cotton shipments. While we exported 435,000
explanation will
bales of the
staple in 1884, in February, 1885, we exported
only 286,000 bales, a diminution of 150,000 bales, which
THE FEBRUARY TRADE STATEMENT.
at $50 a bale would represent a loss of
7£ million dollars.
The February exhibit of the foreign commerce of the
Prices were somewhat higher this year, but not enough to
country, issued this week from Washington, though it affect the result
appreciably. The gain that the breadshows a much smaller balance in our favor (as was
stuffs and provisions exports exhibit—both for
February
to
be expected) than that for January, is under the
and the two months—is set out in the
following.
circumstances very satisfactory.
The excess of exports
EXPORTS OF BREADSTUFFS AND PROVISIONS FROM LEADING PORTS.
over imports is
nearly 12 million dollars in amount,
1885.
1884.
and this is larger than in any other February since
Jan.
1
to
Jan. 1 to
Breadstuffs.
February.
February.
Feb. 28.
Feb. 29.
1881.
If we add on the January excess of over 38
appear
in the full report, when issued.
•
millions
we
have
balance in
a
our
favor
dise movement for the two months of
the heaviest since 1879.
movement would be
an
on
over
the merchan¬
50£ millions—
The natural result of such
influx of 25
or
$
4,243,777
409,117
2,321,219
New York
New Orleans
Baltimore
a
trade
Boston, &c
Philadelphia
30 millions of
gold-
San Francisco
Other ports
Instead of
that, we have received only $3,904,220 all told,
and against this we have sent out $3,082,154,
leaving the
actual gold import less than a million dollars.
Those who
can
explain this anomaly on any other theory than that so
often referred to in these columns, and to which we
briefly
allude in our article on the Financial Situation
to-day,
would seem called upon to justify their views.
How very
favorably the trade figures compare with other recent
years, can be seen from the following.
930,170
1,403,182
2,878,117
S47.932
Total
13,033,514
S
10,691,706
1,066,000
4.952,952
2,183,378,
2,559,2171
6,927,094!
1,240,071
3,290,311
2,225,882
10,084.022
22,369,048
13,312,448'
4,574,696
15,24 8
10,703,326
1,186,221]
3,010,0341
28.720
2,532,026|
30,912,3731
1
4,943,401
!
8,709
409,484
1,312,190
32,103'
San Francisco
496,700
32,750
Other ports
218,348
1,020,419
65,310
760,595
7,421,588
19,387,136
....J
Total*
'
1
Boston, &c
Philadelphia
Not
3,082,071
2,732,592
633.666
Dairy Exports.
*
$
9,101,994
696,127
1,760,949
871,263
Provisions and
New York
New Orleans
Baltimore
$
4,214,210
388,509
1,033,658
1,181,765
1,052,419
153,927
24,382
69,025
2,304,349
1,097,414
1,073,732
62,860
1,808,933
6.954,800
16,046,677
32,376
including live stock.
As
regards the individual items of the breadstuffs
exports, the features are much the same as those hereto¬
Excess of
Excess of
fore noted.
Under the excellent yield of corn raised last
Exports.
Impoits.
Exports.
Imports.
Exports.
Expon-ts.
season, our exports of that cereal have greatly improved,
$
*
$
$
$
$
1886
53,058,005 42,023,804 +11,934,741 134,520,547 84,241,837 +50,278,710 and whereas a
year ago in February we shipped only 3
1884
01,240,028 54,710,007
+0,530,019 135,230,233 109,021,214 +26,215,019
million
1883.
00,855,239 50,300,518 +10,554.721 147,235,492 113,271,710 +33,903,770
bushels, this year we shipped nearly 7J million
1882
50,000,533 58,820,920
-2,220,393 121,527,584 115,783,150
+5,744,434 bushels.
For the two months, the aggregate is 14 millions
1881
07,733,807 47,759,493 +19,974,314 141,812,709 93,044,351 +48,708,418
1880
59,950,073 55,647,471
+4,309,202 120,953,840 110,855,059 +10,097,887 against but 5-J millions in 1884.
Prices of course were
1879
04.828,737 35,373,419 +29,455.318 124,237,931 08,889.059 +55,348.872
lower, but the gain in values is about 100 per cent never¬
It is clear that the diminution in the
importation of theless, being $1,800,000 for
January, and $3,700,000 for
foreign goods is the main cause for the improved position
January and February combined. There is no doubt that
of our
February.
Jan. 1 to Feb. 28.
trade, and this in turn is the inevitable outcome of the corn movement will
continue free for some time to
rigid economy that the situation has forced upon our come. As
regards wheat, the trouble is not so much in
people. The imports for February were not materially the
quantity moving, as it is in the low prices realized
different from those for January—that is, they were only
for the same.
We shipped 5,669,722 bushels in 1885?
42 millions in
amount, or 12£ millions less than in the
against only 3,977,833 bushels in 1884—that is, about 43
preceding year. The total is the smallest since 1879. The
Yet when we examine the export values
per cent more.
falling off in the trade balance from 38 millions in Decem¬ of these
shipments, we find that the total has increased
ber to 12 millions in
January, notwithstanding import
only about 11 per cent—from $4,257,188 to $4,724,188.
totals nearly alike in the two
months, is accounted for It is perhaps
worthy of remark that of the total shipments
wholly by the contraction in the export movement. In of
5,669,000 J bushels, one-half or thereabouts was sent
January this latter aggregated 80^- millions; for February out from the Pacific Coast—San Francisco. Of
course, that
it is less than 54 millions.
The fact that February is a
is not true of flour, for which the demand is as active as
short month tended of course to reduce the
aggregate, but ever, and of which we are
shipping constantly increasing
apart from that the exports naturally fall off at this season amounts. Full details of
the breadstuffs movement are as
of the year. The item of cotton
particularly counts for less. below.
In the present
DETAILS OF BREADSTUFFS EXPORTS.
year, however, the decline has been
more decided than
usual, both in cotton and other items.
Value.
Quantity.
February.
Of cotton, the crop has been so short that we have little
1885.
1885.
1884..
1884.
left to send out, and as to other articles the
$
wintry weather Barley
bush.
12.385
26,806
39,362
21,264
that prevailed was no doubt a drawback to a full move¬ Corn
bush.
7,243,046
3,096,644
3,748.292
1,959,349
Corn-meal
bbls.
36.142
11,501
18,314
61,586
ment.
As against breadstuffs and
bush.
306,689
121,895
provisions exports of Oats
21,137
10,525
Oat-meal.. .pounds.
3,214,523
112,036
1,729,544
51,424
$29,824,449 in January, we had only $20,455,102 in Feb¬ Rye
456,917
bush.
90,914
55,732
318,888
Wheat
bush.
5,669,722
3,977,833
4,724,188
4,257,188
ruary, and against 548,818 bales of cotton shipped in the Wheat-flour
bbls.
835,734
624,380
4,222,844
3,403,798
former month, we shipped only 286,490 bales in the latter
Total for mouth.
13,033,514 10,084,022
—that is, the cotton movement fell off about one-half.
Jan. 1 to Feb. 28.
It
the
...
is this cotton movement, too,
that has made the February
exports this year so much smaller than they were in Feb¬
ruary a year ago.
In the breadstuffs shipments for this
month there
was an
increase
over
1884 of 3 million dollars
Barley
bush.
46,761
Corn
Corn-meal
Oats
Oat-meal...
bush.
bbls.
bush.
14,159,399
113,683
5,648.200
28,963
500,557
33,569
43,792
pounds.
bush.
7,395,537
257,520
16,071,912
2,018,655
6,079,582
192,498
218,634
676,510
9,018,722
1,474,046
172,868
13.417,709
9,544,706
81,713
3,574,769
111,309
21,645
182,665
477,645
9,650,211
8,269,091
30.912,373
22,369,048
Rye
Wheat
Wheat-flour
and in the
provisions shipments an increase of half a million,
yet the total merchandise exports have declined from
61-J- millions to 54 millions. In some measure the extra ‘I
Total for year...
and
...
bush.
bblB.
With
as
22,058
7,251,686
92,214
regard to the provisions exports, there has been,
noted, some improvement, but it is by no means common
to
the whole list
Hams, for instance, show
of items.
marked increase.
The following
DETAILS OF PROVISIONS
February.
the figures.
are
Value.
Live Stock—
Cattle
No.
Hogs
d-
1885.
1884.
1885.
•s.
jU
10,049
8,435!
772
.1,533
1
Beef Products—
1884.
$
995,521
17,672
$
862,178
313,713
308,098
924,977
268,573
12,658
1
Beef, canned..
8,354,025
3,377,779
3,540,125
Beef, fresh, lbs.
Beef,salted,&c
Tallow
Pork Froducts—
31,306,922
Bacon
—r
a
AND DAIRY' EXPORTS.
Quantity.
;h
CHRONICLE.
off; on the other hand, lard and bacon show
large falling
a
THE
28, 1885. J
March
4,939,119
Hams
812i574
9,098,243!
3,159,047!
4,250,172
273,761
235,514
23,587,971
6,448,602
2,615,535
494,499
2,235,969
868,652
3,683,710
11,573,993!
396,363
1,835,601
319,931
1,134,707
936.936
178,515
265,513
172,120
7,421,588
6,954,800
2,111,572
85,015
2,133,558
56,213
545,597
339,634
Pork,
fresh,
salted, &c..
—■
\
5,491,298
22,564,540
Lard
;Dairy Products—
—
1,188,331
2,753,009
Butter
14
27
n
12
ri
Ll
12
Cheese
|
3,096,886
Total*
Since Jan. 1.
Live Stock—
Cattle
No.
18
21,175’
21,226
7,673
3,825
22,441,795
2,185',988
6,746,855
19,738,598
6.935,731
9,150,794
9,626,894
604,448
640,423
1,989,416
565,936
765,067
91,344,169
11,339,305
64.315,783
12,117,801
7,325,042
1,200,856
6,071,092
1,528,323
Hogs
—
Beef Products—
1
Beef, canned..
=■
Beef,fresh.lbs.
Beef,sal ted,Ac
332,139
545,029
16
12
55
Pork Products—
19
12
50
53
Pork, fresh,
salted, &c...
16,196,628
9,542.489
1,126,931
804.573
Lard
54,690,920
24,969,727
4,331,577
2,402,861
2,442,311
6,538,739
1,913.301
8,208,085
Tallow
Bacon
Hams
*
Dairy Prod’cts—
—
77
Butter
Cheese
Total*
7S
*
397,067
624,601
343,026
935,950
19.387,136
16,046,677
Not including live stock.
P&0U* targl ©jcrromjetxial gugltslx gpws
383
have passed
off so easily as it did, considering the serious decline
quotations during the fortnight. No doubt the stability of
some firms was rather rudely shaken; indeed, rumors of acute
troubles in the Grand Trunk market were freely circulated;
but happily they developed into nothing tangible. No actual
failures occurred. But the fact that since the carrying over
day, quotations have again been heavily depreciated is not lost
sight of, inasmuch as it means that unless the character of the
stock markets changes widely from what it wag during the
past fortnight, additional large payments will have to be made.
Their position just now is far from encouraging. American
railways are mainly influenced from New York, but all other
stocks, whether home or foreign, have experienced a very
heavy fall since the beginning of the year. The chances of a
good spring trade here are very small. In all the leading branches
of industry there is a want of confidence and an absence of
in
animation.
The
volume
3
On—
Latest
Date.
Rate.
Time.
e
L
Amsterdam.
•
Short.
Amsterdam. 3
mos.
14
Hamburg...
iV
Berlin.
Frankfort...
Vienna
it
Antwerp....
;0
Paris
Paris
St. Petersb’g
Genoa
n
d
41
a
tt
12-56%®12*58%
25*58%® 25*63%
Cht cks 25*3614®25*41:14
3 mos. 25-56%®25-61%
a
Naples
b
3
IS
24
@....
a
*25*77% ®25*82%
n
25*77%®25*82%
466ift'®467ifi
46J>ift'@467i6
51%®51%
Madrid
Cadiz
a
Lisbon
u
a
Alexandria
12 13* ® 12-23*
124
®12-4%
2069 -®20-74
20 69
®20 74
20-69
5)20-74
41
A..
.
Constant'ple
New York... 60 days
a
Bombay
....
dem’nd
14
Calcutta
>.
Hong Kong.
Shanghai....
Ct
•
Is.
Is.
6%d.
6%d.
m m m
....
[From our
The week
'
we
have
EXCHANGE ON LONDON.
Time.
Mar. 13 Short.
Mar. 13
Mar. 13 Short,
Mar. 13 3 mos
44
Mar. 13
Mar. 13 Short.
44
Mar. 13
U
Mar. 13
Mar. 13 Checks
Mar. 13 3 mos.
44
Mar. 13
Mar. 13
Mar. 13
Mar. 13 3 mos.
Mar. 13
Mar. 13
Mar. 13
Mar. 13 60days
Mar. 13 tel. tsfs
44
Mar. 13
Mar. 13 4 mos.
Mar. 13
tributed.
The
following
the present prices for
are
12 10
r
Interest allowed
for deposits by
4
London
Feb.
“
“
Mar.
“
Trade Bills.
Bank Bills.
r*
g
“
20-55
20-31
20-53
12-45
25*41
money.
Open market rates.
Rate.
....
small and
business remains
materially below the reduced aggregates of last year, and there
is unfortunately no prospect of an improvement. Thus far
1885 is a distinct disappointment.
The only really encouraging
feature seems to be the strong position of the Bank of England
which could now easily cope with any monetary trouble.
The money market has rather hardened.
Floating balances
have been somewhat reduced, mainly through the revenue col¬
lections, and in consequence quotations have been steadier.
The charge for short loans has risen to 4 per cent. The Bank
of England return was again very strong.
The reserve in¬
creased £908,000, or to £17,408,000, and the proportion to lia
bilities is rather more than 47 per cent. Probably the direc¬
tors were influenced mainly by political reasons in keeping tho
rate at its present level of 4 per cent.
Should the dispute be
arranged a reduction may be expected, as money will become
more plentiful early next month when the dividends are dis¬
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
{EXCHANGE AT LONDON-Mch. 13.
of
0
4
18
4
20
4
27 4
6
4
13
4
25*37%
Disc't Wee
Joitlt
Three
Three
Six
Four
Four
At 7 to 14
Stock
Banks. Call. Days.
Six
Months Months Months Months Months Months
3*5nom 3%@3*5 3% nom
3%®3% 3m - 3*5®4
S%®3%3%® — 3%33%
3%® - 3*i®3 % 3%® 3%@ - 3%®3*»,3%® 3%® -3%®3% 3*533%
3%<§>3% 3% nom
3*5® - 33*»<3>3%
3%® - 3H® -
3 7-16
-
3%@3% 3*5®
-
3%33H
3%®3*5
3
3
3
3
3%-3*
3%-3*
3%@4
3
3
3M-3M
3%®3%
3
3
3*-3%
3%®4
3%@3%
3
3
3
3
3%-3%
3%-3*
following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
and other items, compared with previous years:
The
25*50
47*40
1885.
Circulation
11000
4*83%
is. 6i316d.
Is. 62732d.
3s. 6%d.
4s. lOM.
£
day and other bills. 23,496.510
Public deposits
11,811,950
Other deposits
25,012,295
Governm’t securities. 14.651,801
Other securities
23,273,952
Res’ve of notes & coin 17,407,882
Coin and bullion in
London, March 14, 1885.
just completed threatened at times to be
12,453,063
13,307,11L
13.296.309
25,514,557
15,709,157
23.962,387
24,491.677
13,869,046
14,330,243
23,633,172 22,688,201
23,171,738
47 01
4 p. o.
to liabilities
Bank rate
Consols
Eng. wheat, av. price
Mid. Upland cotton..
No. 40 mule twist....
1882.
£
£
£
24.274,015 24.569.155 24,591,495
12,060,834
9,874,288
9,795,537
22,551,690 22,8 24,440- 23,730,972
both departments.. 23,154,392
Proport’n of reserve
own correspondent. J
1883.
1884.
excluding
97%d.
42%
42%
43%
3
3
p. o.
4 p. c.
100%i.
p.o.
102%d.
101%1.
31s. 8d.
37s. 7d.
42s. 6d.
44s. 9d.
pregnant with most important political results. Our relations
5Hi*d.
5%d.
6*iiftd.
5d.
with Russia, already sufficiently complicated, promised to
9%d.
9%d.
9%d.
I0%d.
Clearing-House
ret’n. 99,272,000 96,640,000
96,640,000107,871,000
107,871,000
96,307,000
become more so. War seemed all but unavoidable. At length,
The Bank rate of discount and open market rates at the
however, we have been favored with a slight gleam of hope
that the dispute may ultimately be amicably arranged. The chief Continental cities now and for the previous three weeks
announcement by Mr. Gladstone in the House of Commons have been as follows:
last evening that a provisional agreement has been arrived at
March 5.
March 12.
February 19.
February 20.
Rates of
between this country and Russia whereby no further move¬
Interest at
Bank
Batik
Bank
Bank
Open
Open
Open
Open
ment is to be made by either side pending a continuance of
Market Rate. Market Rate. Market
Rate. Market
Rate.
negotiations, suggests that there is a prospect of a modus
3
3
3
3
Paris
2%
m
2%
2%
Vivendi being discovered. It is, however, fervently to be Berlin............
4
4
4
5
3
2%
2%
2%
desired that
our
Government
are
not about to abandon
attitude of firmness they assumed so
unexpectedly.
their
What is
required is that all danger of a collision between British and
Russian interests on the borders of Afghanistan should be per.
manently avoided, or that the basis of agreement should be
such as to preclude, as far as possible, all repetition of the scare
which is
exercising so depressing an influence upon trade
generally. A weak frontier in Asia would be a source of weak¬
ness to us indeed, and would always be a cause for commercial
now
uneasiness.
That business
operations should have been on a contracted
during the week is not at all surprising. What is a matter
for congratulation is that the Stock Exchange account should
scale
Frankfort
5
3
4
Hamburg
5
2H
4
Amsterdam
3
3
Brussels
3
2%
2*5
4%
3%
4
2H
4
2%
2*5
3
3
2*5
2H
2H
2H
4%
4%
4%
4%
3%
4%
4
3%
4
3%
4
4%
8%
0
0
0
0
0
4
4
4
4
4
4%
Vienna
4
St. Petersburg..
0
6
0
4
4
4
Messrs.
4
2H
2H
2%
2H
Madrid
Copenhagen
!
.
4
3
3
.
Pixley & Abell report as follows on the state
bullion market
3
of the
:
Qold—A Continental order has absorbed part
of the arrivals, but the
of which £130,000 came from Berlin, in
German gold coin, in consequence of the Bank of England raising its
buying price by lid. per ounce to 76s. 3%d. per ounce; the export, now*
Bank has received £426,000,
of
ever, was stopped by the action of the Bank
Germany
rate of discount to 5 per cent; £10,000 in sovereigns
for transmission to South America.
in raising its
have been taken
THE
384
CHRONICLE
the week,
below have
and
York—£104,000. The P. & O. steamers have taken
Silver—Bars have been very steady at 49d. per ounce during
and at this rate nearly the whole of the arrivals mentioned
been sold. We have received since our last £70.000 from Chile
£34,000 from New
£120,000 to India.
Supplies of
seven weeks,
transactions have taken place since our
last, and until the arrival of the French steamer at St. Nazaire with
£110,000 we are unable to give a quotation. The “Thames" has taken
£63,260 to China and the Straits.
Mexican Dollars—But few
for bullion are reported as
The quotations
Gold.
Mar. 12.
s.
Bar
Bar
gold, fine., oz.
gold, contain’g.
20 dwts. silver.oz.
77
d.
8.
9
77
Price of Silver.
V
d.
........
77
...
10%
1883-4.
1882-3.
1881-2.
34,168,387
8,982,013
32,206,073
25,506,573
24,339,234
22,932,200 21,325,060
Total
59.302,270
Av’ge price of English
wheat for season.qrs.
32s. 5d.
Visible supply of wheat
62,174,124
66,082,600
produce
49
49
oz.
49%
49%
52%
52 U
Mexican dols...oz.
1
d.
47 11-16
hush.43,600,000
39s.
57,915,742
468. 9d.
Id.
41s.
5d.
4,384,609
18,027,000
22,000,000
31,500,000
upply of wheat and
Afar. 5.
silver,contain¬
ing 5 grs. gold..oz.
Cake silver
...
Mar. 12.
d.
Bar silver,fine..oz.
9
Bar
77 10%
Span, doubloons.oz.
S.Am.doubloons.oz.
Mar. 5.
included:
29,725,932
8,108,958
3 884-5.
Imports of wheat, cwt.25,403,802
Imports of flour
8,491,895
Bales of home-grown
follows:
in twenty-
wheat and flour available for consumption
stocks Sept. 1 not being
in the U. S
Price of
rvoL. xl,
flour afloat to U. K.
qrs
2,720,000
3,148,000
1,993,000
3,070,000
following statement is shown the extent of the sales
of home-grown wheat, barley and oats in the principal mar¬
3.214—The
In the
weeks
reached, com¬
kets of England and Wales during the first twenty-seven
of the season, together with the average prices
pared with last season:
SALES.
1881-2.
1832-3.
meeting of the proprietors of the Bank of England the Wheat
qrs. 1.778,236
1,696,853 • 1,323,011
1,230,292
2,758,357
half-year’s prolit was shown to be £710,857. A dividend of 5 Barley
2,749,265
1,699,146
1,434,552
Oats
167,226
192,240
227,919
168,375
per cent for the half-year was declared, reducing the “ rest”
AVERAGE PRICES.
1884-5.
18S1-2.
1883-4.
1882-3.
to £3,015,273.
.
'
d.
s.
d.
s. d.
s. d.
s.
Subscriptions are invited by Messrs. Baring Brothers & Co. Wheat
per qr. 32 5
39 5
41 1
46 9
for $5,000,000 six per cent sinking fund bonds of the Atchi¬ Barley
! 31 5
32 9
34 0
33 5
Oats
19 8
20 11
2010
19 8
son Topeka & Santa Fe Railroad Company, at the price of 107
Converting quarters of wheat into cwts., the total sales in
per cent. The prospectus states that 6 per cent dividends the whole kingdom during the above periods were as follows:
were paid in 1883 and 1884 on the capital stock, and that there
1884-5.
1883-4. 1881-2.
1S82-3.
Wheat
cwt.
24,339,234
22,932,200
21,325,060
25,506,573
is an accrued surplus of $6,800,000.
The following shows the quantities of wheat, flour and In¬
Messrs. Speyer Brothers are authorized to receive subscrip¬
dian corn on passage to the United Kingdom.
tions for $10,000,000 five per cent bonds of the Baltimore &
At present.
Last week.
Last year.
1883.
Ohio Railroad, at the price of 1053^ per cent, redeemable in Wheat
qrs. 2,838,000
2,556,000
1,665,000
2,263,000
Flour
232,000
259,000
328.000
235,000
1925.
Indian com
230.000
367.000
283,000
173,000
A City of Rome 4 per cent loan, guaranteed by the Italian
English Market Reports—Per Cable.
Government, is announced by Messrs. C. J. Hambro & Sons.
The daily closing quotations for securities, &c., at London,
The amount is £800,000, and the issue price 92^ per cent.
and for breadstuffs and provisions at Liverpool, are reported
The Bank of England will receive on Tuesday tenders for
by cable as follows for the week ending March 27 :
£1,000,000 3% per cent debentures for 20 years, on account of
Fri.
Thurg.
Wed.
lut8.
Mon.
Sat.
Lmidon.
the City of London Commissioners of Sewers.
49
49
49
No particular change has taken place in the character of the Silver, per oz
49i16
d. 49b 8 49^8
At
a
e-
grain trade during the week. The political prospect is almost
as cloudy as ever, and the danger of a war between this
country and Russia has certainly not disappeared. Still the
only effect thus far upon the wheat trade has been to cause
samples to be held with greater firmness. An actual advance
in values has certainly not been general.
Buyers have not
shown their belief in the impossibility of a settlement of the
dispute by allowing their purchases to go beyond actual
requirements. Transactions have still retained their hand-tomouth character, but on the other hand sellers have not been dis¬
posed to part with their produce, except at very full prices. The
effect in New York appears to have been greater than with us.
There at times some fair amount of activity has been reported,
resulting in an advance; but the movement has only been to
the extent of about two cents per bushel.
Clearer evidence of
the unsatisfactory state of the grain trade than we have had
presented to us during the past fortnight could hardly have
been afforded. It seems as though nothing but an actual out¬
break of hostilities will galvanize the trade with anything like
life.
Agricultural Department of India has issued the'following memorandum, dated January 31, respecting the prospects
of the Bombay wheat crop :
Complete wheat returns have not been received. Dharwar, 399,909
The
“
seedlings germinated, crops middling. Ahmedabad, 274,043
crop withering in parts;
crop damaged by cloudy weather.
Nasik, 260,860 acres; crop on the whole good, in gardens crop likely to
toe blighted owing to December rain. Ahmcduagar, 249,518 acres;
crop in places good, in ot hers-middlingand poor owing to cloudy weather
and excessive rain. Kaladgi, 161,571 acres; crop in most places with¬
ered, no out-turn expected. Broach, 119.238 acres ; crop very promis¬
ing. Belgaum, 107,911 acres; crop on the whole fair; in some parts it
is injured by heavy rain and hailstorms, in others withering.
Poona,
99,245 acres; cron generally doing well; in parts it is affected by rust.
Bholapur, 46,253 acres; crop fair. Surat, 38,576 acres; crop good.
Kaira, 36,341 acres: crop good. Kolhapur, 37,10s acres; crop middling.
In 8ciude crop progressing well, and in places sliows-prospects of a good
season.
Generally speaking, the wheat crop is good in the Guzerat dis¬
tricts, in the Deccan and Carnatic districts, except Kalagdi, The prosacres;
acres;
rains.”
Sects
ovemher
of theandcrop
December
have improved
since the last report, owing to the
following return shows the extent of the imports of
produce into the United Kingdom during the first
twenty-seven weeks of the season, the sales and average prices
of home-grown produce for the same period, and other items,
compared with last season:
The
cereal
1884-5.
Wheat
cwt. 25,403,802
Barley
9,560,913
Oats
Peas
Beans
Indian
Flour
corn
5,557,434
1,064,793
1,950,826
11,795,552
8,491,895
1883-4.
29,725,932
1882-3.
34,168,387 32,206,073
10,240,927 10,050,599
6,502,428
984,467
1,391,053
14,455,700
8,108,958
1881-2.
7,584,047
1,175,846
1,324,140
8,194,241
8,982,013
7,717,933
4,658,305
965,227
949,485
11,719,361
4,884,609
97i3l6
9715,8
98^16
Consols for money
98*4
Consols for account
Fr’eh rentes (in Paris) fr 81-80
114b
U. 8. 4%sof 1891
1243g
U. S. 4s of 1907
391a
Canadian Paoiflo
743s
Chic. Mil. & 8t. Paul....
Erie, common stock.... 13"*
Qliuois Central
Pennsylvania
Philadelphia <fe Reading
York Central
„
Mon.
Sat.
s.
State).100 lb.
Wheat,No.2,3pr’g “
Flour (ex.
Winter, West., n “
Cal., No. 1
“
Cal., No. 2
“
Corn, mix., old...
“
Jorn, mix., new..
“
Pork, West. mess..# bbl
3acon, long clear
Beef, pr. mess, new,$ to
Lard, prime West. $ cwt
Cheese, Am. choice
9711,0
9711,6
81-621*2 81-70
114%
114b
12438
1243s
33-8
3918
72 b
72
13
13b
129i2
129L>
55ic
547s
8
8I2
0138 1 92 7s
1293s
54 7s
8%
91*6
Liverpool.
d.
8.
d.
10 0
10 0
7 0
6 11
6 10
7
1
7 3
7 1
6
9
6
8
5
8%
5 8%
^4 6^ 4 6L3
55 0
55 0
31 6
31 9
85 O
85 O
35 G
35 6
58 O
0
57
TH€8.
s.
d.
10
0
0
10
1
9
7
6
7
6
5
4
51
31
85
36
58
9f>78
96 7s
96i5lg
81-32i3 81-10
114b
114b
1243s
1243s
38 b
391s
79-721*3
11478
1243s
3878
973,6
973,6
133s
1293s
5512
778
13b,
129b
551*2
71s
93
93
Wed.
s.
National Banks.—The
been organized:
97
x70
723s
72
d.
10 0
7 1
6 10
7 2
6 10
8% 5 8%
4 6%
6
54 0
0
31 6
6
85 0
0
36 0
0
58 0
0
1338
12938
5514
718
9319
Fri.
Thurs.
8.
d.
10 0
7
1
6 10
7 3
6 9
5 8%
4 6^2
54 0
31 6
35 0
35 6
58 0
Commercial anti JTtXisccUaucous
s.
d.
10 0
7
1
6 10
7
3
611
4
4
54
31
85
36
58
81*3
7%
0
6
0
0
0
ijcxus
following national banks have
lately
First National Bank of Tresno, California. Capital, $100, J. II. Braly, President; L. A. Blasiugame, Cashier.
National Bank ot' Paris. Missouri. Capital, $ LOO,000.
David H. Moss, President; John S. C myers, Cashier. Suc¬
ceeds the First National Bank of Paris. Missouri.
First National Bank of Earlvilie, Illinois. Capital, $50,000.
William II. Haight, President; Charles Hoss, Cashier.
First National Bank of Coffey ville, Kansas. Capital, $50,000,
Thomas G. Ayres, President; Thomas Scurr, Jr., Cashier.
Imports and Exports for the Week.—The imports of last
OOO.
week, compared with those of the preceding week, show
increase in dry goods and a decrease in general merchandise.
The total imports were $7,743,652, against $8,656,814 the pre¬
ceding week and $8,091,452 two weeks previous. The exports
for the week ended March 24 amounted to $5,907,263, against
an
$6,470,766 last week and $6,586,972 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) March 19 and for the week ending (for general
merchandise) March 20; also totals since the beginning of the
first week in January:
FOREIGN IMPORTS AT NEW
For Week.
Dry goods
IMPORTS.
1883-4.
1884-5.
Gen’l mer’dise..
Total
Since Jan. 1.
Jry goods
Gen’l mer’dise..
•
YORK.
1884.
1885.
1882.
1883.
$2,418,625
5,359,127
$2,032,849
$2,592,876
9,990,667
$2,335,603
6,904,543
$7,777,752
$9,587,392
$12,583,543
$7,743,652
$37,075,638
77,632,319
$36,629,118
$34,211,058
72,252,224
$27,677,121
$109,903,344 $106,463,282
$87,829,954
Total 12 weeks. $114,707,957
73,274,226
5,408,049
61,152,833
In
our
reports of the dry goods trade will be found the im¬
ports of dry
r
The
THE CHRONICLE.
1885.]
March 28,
goods for one week later.
following is
statement of the exports (exclusive of
a
specie) from the port of New York to foreign ports for the
week ending March 24, 1885, and from January 1 to date:
EXPORTS FROM NEW YORK FOR THE
1882.
WEEK.
1884.
1883.
1885.
$5,817,425
70,244,230
$7,349,022
$5,202,396
$5,907,268
reported..
78,725,585
64,998,538
72,692,861
Total 12 weeks.
$76,061,705
$86,074,607
$70,200,934
$78,600,132
For the week...
Prev.
following table shows the exports and imports of specie
port of New York for the week ending March 21, and
since January 1, 1885, and for the corresponding periods in
1884 and 1883:
The
at the
EXPORT8 AND IMPORTS OF SPECIE AT NEW YORK.
Imports.
Exports.
Gold.
Week.
Since Jan. 1.
Week.
Since Jan.1.
$8,500
9,562
$
96,500
183,350
147,800
3,456,332
18,325
129,875
42,878
21,550
7,500
Total 1885
Total 1884
Total 1883
$155,300
1,326,275
1,000
$3,647,147
10,874,003
90,250
$319,725
$4,612,351
10,062
1,379,245
3,326,116
Silver.
Great Britain
France
=
$140,000
$2,939,608
J 06,583
Great Britain
$....„
France
Germany
West Indies
Mexico
South America
All other countries...
$
1,412,991
2,906,555
186,911
12,093
90;830
2,971
166,491
$
$
76
56,974
Germany...
West Indies
Mexico
South America
All other countries...
78,220
-
4,235
Total 1885
Total 3 884
Total 1883
166,937
171,189
$306,937
$3,356,809
196,400
3,782,918
3,836,061
377,570
4,828
13,728
122,229
5,959
48.118
67,697
3,908
$24,515
144,842
1,151.219
121,958
1,256,604
$242,028
Of the above imports
American gold coin and
for the week in 1885, $13,707 were
$4,755 American silver coin. Of the
exports during the same time, $7,500 were American gold coin,
and $158,500 American silver coin.
Foreign Trade op New York—Monthly Statement.—In
addition to the foregoing tables, made up from weekly returns,
give the following figures for the full months, also issued
by our New York Custom House. The first statement covers
the total imports of merchandise.
we
IMPORTS
INTO NEW YORK.
1885.
Months.
1884.
General
Dry
Goods.
General
Dry
Total.
Merchan¬
Goods.
dise.
*
.
Total.
Merchan¬
dise.
$
$
$
$
1
..
10,808,800
10,214,408
17,648,208
18,630,822
28,457,008 13,598,890
28,845,320 1 11,397,824
28,998,814
28,175,206
39,997,704
39,573,030
Total....
21,023,208
36,279,030
57,302,328
1
54,574,020
79,570,734
January....
February
24,996,714
EXPORTS FROM NEW YORK.
CUSTOMS RECEIPTS.
At New York:
Total Merchandise.
Months.
Months.
February
Total
1885.
1884.
1885.
1884.
*
32,718.151
$
26,792,785
January
10,299,908
23,715,450
23,536,860
February
10,456,958
11,762,029
12,064,811
56,433,604
50,329.645
20.756,866
11,762,629
*
Total
*
U. S. Sub-Treasury.—The following table shows the receipt
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week:
Balances.
Date.
Receipts.
$
Mar. 21.
“
23.
“
“
“
“
24.
25.
26.
27.
Total...
970,429 54
1.421,920 02
1,012,825 42
68S.961 64
1,201,999 28
892,000 05
6,188.138 95
Payments.
Coin.
$
$
1,709,762 19 144,870,372
1,064,348 96 145,217,748
827,088 60 145,396,321
837,800 46 145,304,660
846,133 39 145,523,226
1,191,679 01 145,160,513
6,470,812 61
........
Currency.
$
44 24,529,067
72 24,539,262
99 21,546,425
32 24,489,251
49
27
81
67
17 24,626,551 71
56 24,689,567 36
.........
Central Pacific.—This company has issued a ten-milliondollar convertible bond, bearing 6 per cent interest, for the pur¬
Green Bay
385
Winona & St. Paul.-^-Judge Dyer, of the
United States Circuit Court at Milwaukee, has
order confirming the act of the Farmers’ Loan &
entered
an
Trust Com¬
pany in taking possession of this railroad.
The Trust Com¬
pany, which is trustee for the first mortgage bondholders, is
vested with the powers and duties of a receiver, and the
property is in the hands of its representative, Gavin Campbell.
Mr. Campbell was until recently in the employ of the Wisconsin
Central road, and advices from Milwaukee state that the Green
Bay road will become part of the Wisconsin Central system.
Union Pacific.—The annual meeting of the Union
Railroad shareholders
held
in
Pacific
Mr.
Adams, in opening the meeting, stated that the voluminous
character of the full annual report prevented it from being
put into print, and it would be ready in about a fortnight.
The following board of directors was elected without oppo¬
sition : Charles Francis Adams, Jr., Frederick L. Ames, Elisha
Atkins, Ezra H. Baker, F. Gordon Dexter and Mahlon D.
Spaulding of Boston ; Henry H. Cook, Sidney Dillon, David
Dows and Andrew H. Green of New York ; S. R. Callaway of
Omaha, Neb. ; Greenville M. Dodge of Council Bluffs ; Hugh
was
Boston, March 25.
Riddle of Chicago; James A Rumrill of Springfield, Mass.,
and John Sharp of Salt Lake City.
Messrs. Spaulding, Cook
and Callaway are the new members of the board, taking the
places respectively of Russell Sage, Jay Gould and S. H. H«
Clark. Mr. Cook is a New York capitalist and said to be a
large holder of stock. Mr. Callaway is the present General
Manager who took the place of Mr. S. H. H. Clark.
Mr. Adams said, in response to inquiries, that the Union
Pacific Railroad Company owns and operates 1,831 miles of
road, while the Union Pacific system includes in addition 2,644
miles of other roads, in which the Union Pacific company
hold a controlling interest.
If the company were dependent
upon its own line alone for business, it would hardly be able to
do more than carry the original mortgage debt.
The auxiliary
system was the main source of profit. During the past year
the gross earnings had been as follows: Union Pacific system,
$25,791,000; auxiliary lines, $7,820,000; Union Pacific proper,
$17,970,000. The net earnings had been: Union Pacific system,
$10,678,000; auxiliary lines, $1,800,000; Union Pacific proper,
$8,878,000. There had been a heavy falling off during the year
in the earnings of the main line, while the earnings of the
auxiliary lines had been quite satisfactory. The Oregon Short
Line was not open for through business until the middle of
December last, immediately after which came the heaviest fall
of snow in forty years, and the business of that region was
weeks. During the last three years the net
earnings had been as follows: In 1882, none (there being nearly
a deficit); 1883, $356,000; 1884, $288,639.
There was a deficit
in the Oregon Short Line bonds, the interest charge being
about $800,000, or six per cent on $14,000,000.
—It has probably been a surprise to some persons to find
that the Union Pacific had already paid in full its obligations
to the United States Government for the year 1884.
The com¬
pleted report of the Government experts at Washington shows
that the amount due the Government from the Union Pacific
on account of net earnings for 1884 was $1,135,220.
Against
this amount are credited the following items: For Govern¬
ment transportation on U. Pac. division, $765,559; for Govern¬
ment transportation on the non-aided lines operated by the U.
Pac. for which compensation has been withheld, $314,136;
cadi due from the United States to the Kansas division for
1884, $55,478; total, $1,135,173; net balance due to the United
States Dec. 31, 1884, $47.
Secretary Lamar sustained the refu¬
sal of Mr. Armstrong, the Commissioner of Railroads, to allow
the claim made by President Adams of the Union Pacific
Railroad Company for an allowance of $300,000 for shrinkage
in the value of materials on hand in the settlement of the
road’s accounts with the United States.
Had the claim made
by Mr. Adams been allowed, the Government would have been
indebted to the road on the final settlement $56,000.
closed for many
Georgia, in Atlanta, will
$3,455,000 of 5 per cent
coupon bonds having thirty years to run.
These bonds are
issued to take up other bonds about to mature, and a rare
opportunity for investment in State bonds is thus offered. The
recognized debt of the State of Georgia was $10,644,500 when
the new constitution went into effect in 1878, and on October
1, 1884, it was only $8,704,635—a reduction of $1,939,S65. The
State is sole owner offthe Western & Atlantic Railroad, which
is leased for $300,000 per year.
The advertisement will be
—The Treasurer of the State of
receive proposals till April 15, for
found elsewhere.
—Messrs. H. B. Hollins & Co. and Vermilye & Co. offer to
investors the $5,685,000 first consolidated mortgage 7 per cent
bonds of the Lake Shore & Michigan Southern Railroad,
of retiring the greater part of the company’s floating running till 1900. These bonds are only issued to pay off other
debt, paying for some necessary improvements upon the roll¬ bonds maturing, and thus the opportunity is offered of obtain¬
ing stock, and providing for the completion of the Oregon ing such choice bonds in round lots. In so bad a year as 1884
division. Mr. C. P. Huntington said that the company had these bonds sold up to 130. The advertisement is on another page.
—The coupons maturing April 1, on the second mortgage
expended nearly $10,000,000 during the past five years on con¬
struction and betterments. The introduction of the Westing- bonds of the St. Paul Minneapolis & Manitoba Railway, will
house air brake on the whole Central Pacific system had alone be paid at the office of the company, 63 William Street.
cost nearly $1,000,000.
The new bonds are dated Jan. 1,1885,
Auction Sales.—The following, seldom or never sold at the
and have thirty years to run. About $5,000,000 of the bonds Stock
Exchange, were sold at auction this week by Messrs.
have been taken by Mr. Huntington, Mr. Stanford, and other Adrian H. Muller & Son.
capitalists, who have advanced money to the Central Pacific
Share.
Shares.
pose
Company.
Connotton Talley.—An
order of sale for the Connotton
Valley Railway has been made. The road is appraised at
$948,000, and will be sold in about a month.
24 N. Y. Bowery Ins. Co
50 Equitable Gas-Light
of New York
33 Adirondack Pulp Co
25 City Fire Ins. Co
141
Co.
107^
25
118
40
Hayward Rubber Co. of
Colchester, Conn
30
Bond.
$3,000 Lafayette Bloom’t’n<fc
Muncie RR. Co., 1st 6s.. 87
THE CHRONICLE.
386
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day : Savannah, buying
2£foje hauliers7 (Sa^jelle.
discount @ par; Charleston, buying •$
premium, selling 3-16 premium; Boston, 10@17 premium; New
$ discount, selling -$
DIVIDENDS.
The following
dividends have recently been announced:
Per
cent.
Name of Company.
When
Payable.
Books Closed.
(Bays inclusive.)
Orleans, commercial, 75@100 premium; bank, 100 premium;
St. Louis, 75 premium ; Chicago, par.
The posted rates of leading bankers are as follows :
Railroads.
1%
Chic. Mil. & 8t. Paul, com
Chic. Mil. & St. Paul, pref
Chic. R. I. & Pacific (quar )
Del. Lack. & West, (quar.)
St. Paul Minn. & Man. (quar.)..
3%
1%
2
Iks
NEW
5
April
10 March 20 to April 9
YORK, FRIDAY. MARCH 27, 1885-5 P.
The Money Market
markets have again been
news
April 27 April 7 to April 28
April 27 April 7 to April 28
May
1 March 29 to April 2G
April 20 April 3 to April 20
1 April 19 to May
1
May
from London.
M.
Financial Situation.—The
temporarily animated by the warlike
and
The outlook has
orable for the maintenance
certainly been less fav¬
but notwithstanding all
the reports, it is difficult to believe that hostilities will actually
break out between these two great Powers, when neither would
seem to have the certainty of gaining much, and both would
be sure to lose heavily in men and money by the ravages of war.
Mercantile affairs drag slowly along under the retarding’
influence of the wintry weather in March, which has put a
check on early spring trade ; though it continues to be a favor¬
able sign, that there are comparatively few large failures.
At the Stock Exchange there have been large fluctuations in
several stocks, in consequence of important events which have
transpired. Chief among these was the reduction of the St.
Paul dividend
on
the
of peace,
common
stock to 1$ per
cent, accom¬
Sixty Days Demand.
March 27.
Prime bankers’sterling
4 35
bills on London
Prime oommereial
......
Drierimfmt.arycommercial
Paris
Bank.
Gallatin National
[Vol. XL,
-
--
4
87k!
4 82k;
.......
4
-
S2k
5 21 *4
5 23%
(frqnofi)
(p'liildors)
401s
94%
A
Frankfort or Bremen (reichmarks!
40%
95
States Bonds.—The dealings in Government bonds
at the Board have been exceedingly light and unimportant, with
United
prices ruling about steady.
The closing prices at the N. Y. Board have been
as
follows:
Interest March March March March March March
26.
25.
27.
Periods.
21.
23.
24.
4%s, 1891
reg. Q.-Mar.
coup. fQ.-Mar.
4%s,1891
reg. Q.-Jan.
4s, 1907
4s, 1907
coup. Q.-Jan.
3s, option U. 8—reg. Q.-Feb.
6i, eur’ey, '95—reg. J. & J.
63, oar’ey, ’96—reg. J. & J.
6 j, our'ey, ’97—reg. J. & J.
Os.cnr'cy, ’98....reg. J. & J.
6.1,cur’ey. ’99.. .retr. J. A J.
*
This is the price
*111% *111% *111% 112
*111% *U1% *111% 112%
*
"121% *121% *l2lk 121 k
*122% 122% 122% 122 k
*101
*101
*ioik *ioik
*124
*127
*129
*131
*133
*124
*127
*129
*131
*133
*125
*127
*129
*131
[*13 3
*125
*127
*129
*131
*133
*111% *112
112
*112
*12 lk *121%
*122 k 122%
noik
*125
*127
*129
*133
*134
101%
*125
*127
*129
*133
*134
bid at the morning board; no sale was made.
State and Railroad Bonds.—In State bonds the transac¬
tions have been very limited, including only $3,000 North Caro¬
lina consol. 4s at 87-86; $2,500 Tennessee compromise bonds at
544; $2,000 do. 6s old at 48$, and $1,000 Missouri 6s, 1888, at
panied by the announcement that there was a floating debt of 106.
The market for railroad bonds has been only moderately
$3,500,000 to be paid off ; the policy of passing the dividend
active
the past week, with the tone generally irregular, though
may have been a good one, but many holders of stock had not
the majority of changes have been in a downward direction.
expected it, and were disappointed. The complications in New York
Chicago & St. Louis lsts have again been a feature,
regard to the New Jersey Central lease are apparently approach¬ declining to 74, but since re-acting and close at 77$, against
ing a climax, and a failure to meet the payments due on April 1 77 last Friday. West Shore lsts have also been very weak,
would probably lead to the breaking of the lease; thus would declining to 31f on a large business and closing at 33, against 34
last week; Erie 2ds close at 56, against 55$; New Jersey Cen¬
terminate one more of Mr. Gowen’s famous negotiations.
tral consol, assented, coupon off, at 94$, against 97; do. adjust¬
In railroad earnings the Union and Central Pacific have
ment bonds at 103, against 108; do. debenture 6s at 55,
recently been conspicuous for their good showing, and now the against 70; Chesapeake & Ohio series B at 73$, against 76; St.
Union Pacific annual report for 1884, issued this week, is one Louis Kansas City & Northern, Omaha Division, at 83, against
of the best reports that has been seen for some time, and 96; Metropolitan Elevated lsts at 108, against 109$; Atlantic
& Pacific lsts at 704, against 70; do. incomes at 14$, against 14.
reflects much credit on Mr. Adams’
management.
the
during
week on stock and bond
have ranged at -J@2 per cent and to-day at
cent. Prime commercial paper is quoted at 4@o per
Railroad and Miscellaneous Stocks.—In the
early part
unsettled,
various
dis
collaterals
turbing rumors and reports being circulated that caused much
per
irregularity and general weakness. On Wednesday, however,
cent.
the tendency of the market was changed by the news from
The Bank of England weekly statement on Thursday showed Europe, which again assumed a warlike character, accompanied
as before by a drop in English consols and an improvement in
a gain in specie of £128,395, and the percentage of reserve to
our wheat market.
Under the stimulus of this news, assisted
liabilities was 48, against 49 last week; the discount rate
the
by
covering of short contracts, the market improved
remains at 3$ percent.
The Bank of France gained 2,952,000 materially, many stocks closing at higher prices.
francs in gold and 6,772,000 francs in silver.
Pacific Mail was prominent in point of activity and interest,
The New York Clearing House banks, in their statement of and its course during the past week has been very irregular,
March 21, showed an increase in surplus reserve of $830,800, declining on Saturday to 46$, but subsequently re-acting
sharply, on rumors of a settlement of its differences with the
the total surplus being $47,923,350, against $47,092,550 the Pacific
roads, which were not well founded or at least pre¬
previous week.
mature; the war news also exerts a favorable influence on this
The following table shows the changes from the previous stock.
Union and Central Pacific were more or less influenced by
week and a comparison with the two preceding years in the
the same causes as Pacific Mail, and the contemplated issue of
averages of the New York Clearing House banks.
$10,000,000 bonds by Central Pacific, to take up floating debt,
Rates for call loans
of the week the stock market was very
£
1885.
March 21.
Loans and dis. $301,371,400
104.626.200
Circulation...
10,977,600
Net depoRita.. 354.204.200
DifferencesJr'm
Previous Week.
1884.
March 22.
1883.
March 24.
Specie
Dec.$2,450,400 $347,605,700 $312,879,100
Inc.
67,423.300
47,997,400
910,500
Legal tenders.
Tnc.
Dec.
Dec.
46,500
14,270,600
16,356,200
1,376.090
349,700,700
281,911,500
28,591,000
17,025,400
Reserve held.
31,870,70u
$88,573,550 Dec.
130,196,900 Inc.
423,700
Legal reserve
$344,000
486,800
$87,425,175
96,014,300
$70,477,875
65,022,800
Surplus
$47,923,350 Inc.
$330,800
$3,580,125 df.*5,455,075
had
an
unsettling effect in depressing that stock.
Jersey Central has been much unsettled by the various
rumors in regard to its future financial policy, breaking severely
on a report that the
directors would apply to have the road
a receiver’s hands, and that receivers’
would have to be issued to meet April payments for
which were urgent.
There has yet been no news
replaced in
certificates
taxes, &c.,
that Phila¬
delphia & Reading receivers will make the payments April 1
under the lease.
The Vanderbilts and grangers
have been generally steady to
strong, the action of the trunk line presidents in continuing the
Exchange.—Sterling exchange, although not specially active,- pooling arrangements until May 1 being interpreted as a favor¬
has been very firm in tone, due principally to a continued scar¬ able sign, and the prospective default on Nickel-Plate bonds
city of commercial bills, and the posted rates were twice not depressing Lake Shore as much as might have been
expected. St. Paul was a leading stock, and was adversely
advanced—£ cent each time—making an advance of I cent for influenced
by the general impression
dividend would
the week.
that the
reduced, which was confirmed by the announcement oil
To-day the rates on actual business were as follows, viz.: Wednesday of a dividend of 1$ per cent on the common,
Bankers’60 days’ sterling, 4 84@4 84$; demand, 4 86$@4 87. instead of 3$ as heretofore ; the usual 3$ per cent semi-annual
on the preferred was declared.
Cables, 4 87@4 87$. Commercial bills were 4 82$@4 83. Con¬
To-day the market was generally dull, with prices steadier
tinent bills were : Francs, 5 23$@5 23$ and 5 21$@5 21$; and closing near the best figures made, though without any
reichmarks, 94 5-16@94 7-16 and 94$@95; guilders, 40 and 40$. buoyancy.
be
March
THE CHRONICLE
£8, 1885.]
NEW YORK STOCK
EXCHANGE PE1CES FOR WEEK ENDING MARCH 27, AND SINCE JAN. 1, 1885.
HIGHEST
STOCKS.
Monda
Saturday,
March
March 21.
RAILROADS.
130
Albany A Susquehanna
Boston A N.Y. Air-Line,
Canadian Pacific
Canada Southern
Cedar Falls A Minnesota
Central Iowa
Central of New Jersey
Central Pacific
Chesapeake A Ohio
Do
1st pref....
Do
2d pref....
Chicago A Alton
Chicago Burlington A Quincy.
Chicago Milwaukee A St. Paul
38*8
32Hi
3434
30*8
32 Ha
5
11
7
Cleveland A Pittsburg. guar...
Columbia A Greenville, pref...
Delaware Lackawanna A W est.
Denver A Rio Grande
197
*12
Illinois Central
Do
leased line 4 p. ct.
Indiana Bloomingt'n A West’n
Lake Erie A Western
85
12 34
*14
17
*21
*80
88
*12Ha
14 Hi
02Hi
*71 Ha
14
141
02:
73
31*2
30*8
31'
*21
23
24
77:
77*6
77 Hj
15
15
38
3*8 Hi '*39'
*103
*33”
*5 Ha
10
0
10
*5 Ha
*9 Ha
*0 Ha
1134
*11*2
27
*20
17*8
189 Ha
91*8
1734
89 34
18 *8
9
118Ha 118*2
*8
9
118Ha
*
*3914
88*4
40Ha
*318
*5 Ha
87 Ha
13Hi
3 Ha
12*4
27*2
18*4
90*4
8834l
87*2
13*8
32*8
31*8 32*4
*7 Ha
*10
*8
8 Ha
8*2
18
24 7«
85
24 78
85
85*4
7*2
8
0*2
*48
3
o2
3 Ha
200
10 Ha
*80 Ha
*12 Ha
*14
02 Ha
*71 Ha
88
7*8
10*4
*124 Hi
*87
8
108
*7 Hi
*15
33Hs
8*2
17*2
2534
80*4
33*2
*7*2
*15
8G
139
102*8
ib’334 103*4
4
*47
3
80
H 3.
7*2
73.4
10534
<73.
734
4
7
52
3
0*8
*12" "lGH>
13*2
*12*2
14
"12Ha
14
*12Ha
14
15
*14
15
*14
15
*14
15
72*2
31*2
02*8
03*8
*71*2
72Ha
20*4
77*4
*37** *3*9*'
37
*103
01
*34
Q03
*11*2
12*4
*26
17Ha
90
27 Hi
183g
90*4
03*8
0134
72
30 34
20
72
32*4
77
77*8
72Ha
31*4
263a
77*s
20
03
72*2
3134
203e
77*s
•54
61
*11*2
*20
17*8
90 *s
*38
3
2*2
*5*2
8
434
5
4
87 *8
13*4
87 *«
13**8
89*8
*13**4 1*338 *13*8
01
12*4
*11*2
12*4
27
1734
*20
27
17*2
903s
90 34
*8
17 7s
90 34
9
*103
*54
34
90*s
90’
9
118Ha 118’
*39
40
**39**
91*4|
89 7s
2 Ha
91Ha
4*e
87 *s
434
87*s
*87
13
13*8
12
2*4
4*4
13*4
40
90*s
27a
5*4
2Ha
90:
2‘
5’
13
934
"934
8Ha
2234
17 7s
22a4
18*8
40*2
42:,8
r
3.
17
*
23
23
22
1734
403a
17 7s
413b
17*s
3934
'
*17
39 78
15*8
12 78
12 Ha
14
15Ha
1334
15*8
17
834
87a
9
17 Ha
41
34
15*2
17*4
40:Ja
34
15*2
173s
17Ha
41*4
34
15*2
40 34
a4
15*8
17 3a
41*4
7S
15*8
*1478 *
12\
*1334
15
13*4
14*4
10*2
10*2
1234
13*a
15 7s
14
1334
16
12
*13 3b
14Ha
12 7s
14
15*8
* 15 *8
12*8
13
125a
14*4
14*4
14
13
14
15
14
14*2 15*2
125
125*4
14134 14134
50
51
22*4
22Ha
2*8
2*s
*49Ha
53
50
60
22*4
*2a4
23
3
23*4
*2 34
23*4
3
*....
*18
20
*32Ha
34Ha
80*4
80*4
80 Ha
80*2
87*8
11*6
87*8
ll^
88
88
1138
43 7s
*4*s
42*4
4Ha
1078
4134
1034
41
12
12
11*4
*11*4
*65"
*64" "56"
*88
90
11*8
43*8
4*2
13*8
23
*234
23
3
80
77*8
14*4
84Ha
78
14*4
29
08
29
08
81*4
70
*50
*108
Wells, Fargo A Co
INACTIVE STOCKS.
Atchison Topeka A Santa Fe..
Chicago A Alton, pref
134
9134
62
110
234
32 Ha
*88
90
11*8
42*4
*11*4
113s
43 Ha
4Ha
13*8
*53
*2
56
3
*4
89
11*8
42*8
4*8
*11*4
11 Ha
54Ha
*2
34
89
4
4
13*8
11 Ha
55
*53
56
3
11*4
11*4
11*2
*1034
84 34
85
85 34
84
80Hs
84Ha
77*8
75*4
77
76*s
77*4
76*8 77Ha
134
*132
134
91*2 *91
92
*50
52
*50Ha 52
*109
110
109 78 110
*132
9IHa
lHa
t34
1138
4334
1134
85
44*4
*8*8*7
99,6*7*9
1,904
1,200
3,720
100
**8*07
85
84
77*4
79*4
2,025
00,341
134
91Ha 92
*51
52
*108Ha HO
134
48 7a
**"3
*25Ha
57
510
010
300
100
3,821
9,967
650
60*8
517e
*2
*4
31
5734
57*4
57 78
320,977
35
57,222
8
8
Maryland Coal
New Central Coal
Ontario Silver Mining
1H*
Those are the prices
100
97
8
lHa
Standard Mining
bid and asked; no sale was inadoat the
Board.
19
8
100
lHa
t Lower price Is
200
ex-dividend.
2
Jan. 14
Mar. 19
Jan. 15
19
12
10
143b Jan.
2
15 *2 Feb. 27
19
Jan.
2
Mar. 10
128
122
Mar. 20
Mar.
142*8 Mar. 13
2*2 Jan. 17
134 Feb.
44 7a Jan.
Mar.
54
9
20*4 Mar. 11
Jau.
238 Mar.
Feb. 6
32*2 Mar. 20
80*4 Mar. 18
21
Fob. 26
77 Ha Feb. 7
7934 Jan. 2
1034 Mar. 24
Feb. 25
29
3934 Jan. 8
87*2 Jan. 10
50
24
80Ha
90 78
13 7s
Feb.
Mar.
Mar.
Feb.
Feb.
Jan.
Jan.
27
18
16
20
10
7
12
11
51
Mar. 17
Jan. 27
11*2 Mar. 26
5*2
14
56
4
Mar.
Jan.
1334 Feb.
9434 Mar.
Feb.
83
14*4 Mar.
Feb.
Jau.
3 34
21
Jan.
5934 Jan. 29 73
4634 Mar. 21 02^ Mar.
107 *2 Jan.
2 115 Feb.
53*2 Jan.
Jan.
Jan.
Jan.
Jan.
2
25
21
20
10
9
25
Jan. 13
2\ 52 *2 Jan. 10
2110 Jan. 16
Jan.
8
Mar. 19
[
Mar.
1
Feb. 27
Feb. 5
Jan.
Fob.
Mar.
Jan.
Mar.
Jan.
Fob.
Jan.
Fob.
,
Mar.!
Feb.
Feb.
>
24
60
96
96*«
32 \
90
99
22^8
84 «8
1934
32
61 «„
127*4
17 *a
il4*‘
173a
65 *«
112
67**
117
6*a
Jan. 28
Mar.!
1*2 Mar.!
12
93
Jan. !
Feb.
Jan. !
Jan.
Jan.
Feb.
Jan. :
24
6334 Feb. 10
22*2 Mar.
122
15
116
19
10
8
6
17
11
3
Jan. 30
30
2 135
3
16*«
21
51«8
J an. 30
5
61
32
Mar. 6
Feb. 20
Feb. 26
Mar. 21
Feb.
3
Feb. 20
2*4 Mar. 19
8
Jau.
3
80
Mar. 21
66*2 Jan. 22
14*4 Mar. 21
146Hi
4
19
25
41
4
11
67 78
147
22
1 *a
50
2 *2
20
1034
14
Mar. 10
134 Jan.
11*8 Jan.
12*2 Jan.
130
87*8
48
104 *8
133*4 134
91*2 91*2
*51
52
*109
110
Virginia Midland
1034
44
30
100
20
36*2 Jan.
18
Keokuk A Des Moines
247a 24 7b
Louisiana A Missouri River...
*122
135
New York Elevated
Co
8
2534 Feb. 26
19*4 Feb. 20
200 119*2 Feb.
120
Mar.
’"*5*6 136 Hi Jan.
7,535
224,285
Feb. 28
Feb. 20
3
4 7e J an.
21
Jau.
15
Jan.
"39*6
900
300
8
17*4 Feb. 10
182Hi Mar. 17
12 *2 Jan.
0
8*2 Mar.
9
Jan.
14 7s Mar.
15,762
1,710
7,700
Jan.
30
Feb.
Jan.
Jan.
15*s Mar.
Danbury A Norwalk
Warren Railroad
■Consolidation Coal
Homestake Mining
175
Feb. 28
934 Feb. 17
8834 Mar. 16
1434 Jan. 6
Mar.
84Ha Jan.
11*4 Feb.
20
12
Feb. 20
42*2 Feb. 27
95 <*8 Feb. 25
5*8 Jan. 8
84Ha Jau.
2Ha Mar.
4
Feb. 14
Mar. 7
122
Jan.
550
100
*25Ha
13!
92
52
*108 Ha 110
33
Mar.
410
4Ha
31
*132
*91
52
*34
lHa
51
Mar.
7*s Jan.
II434 Jan.
2,242
"27" "2*7"
Mar. 14
7834 Mar. 14
17s Jan.
*1i" "12■
Feb. 25
13
*
89
89
*11*4
*2
*1034
82 34
liag
44*8
4*s
12*4
3
3
*78
Mar. 14
Feb. 17
Feb. 24
Feb. 21
29*2 Feb. 20
187s Mar. 3
97*8 Feb. 10
9*4 Feb. 25
22
17
Jan.
20 Ha Jan.
20
34
2
Mar. 24
Jan. I t
Jan.
860
020
*18
34
Jan.
Jan.
Jan.
3,310
*234
Mar. 3
Mar. 20
10*2
25
14*2
89*2
24
80
27" *27 ‘
Cincinnati Sandusky A Cleve..
Columbus Chic. A Ind. Centr’l
234
Mar. 10
9334 Jan. 30
04*2 Feb. 24
3434 Fob. 20
**5*0*6
51
23
9
Jan. 15
Feb. 12
Jan.
Jail.
Feb.
20
"17
*20
68
08*s
67*8 08
49 7a 62 7a
49*s 50*8
47*4 523s
4034 493g
*113
114
*113
114
113Ha 113Ha 112*2 112*2
*3
*3
4*2
4Ha
*3
*2
4Ha
4Ha
*25 Ha 31
"25*2 31
*25Ha 32
56 78 57Ha
56
56 7a
5034 57Ha
55Ha 56*8
9134
51
23
10
Feb.
90
64
32
*
*
7
15
44
150
8*2
Jan.
Jan.
27*2 Jan.
350
34
15*2
7,
70
'8
7,
7q
'8
2Hs
7
22*4
17Ha
41
*83-
31
134
1,800
23*306
1*0 *4 * 10**4
97e
109*8 Mar.
Jan.
100
5
100
200
*
16
14Ha Jau.
82*8 Jan.
7*4 Jan.
27 *8 Feb. 20
900
9.430
256
7a
3
11*2 Jail.
Jan.
05
1158 J an.
17,505
*8
40*2
447aJan.
33*4 Feb. 27
34
12
27
18
4
Jau.
61
*11*2
*20
17*2
Feb.
05
55
Jail.
100
4 3b
380
234 Jau.
8
GOO
47a Jau.
62
100
37Ha Jan.
800
3
Jan.
3Ha
200
200 190*8 Jan.
30
100
14
Mar.
515 119*2 Jan. 17 127
178
84
Jan.
88*2
100
11 Ha Jan.
14Ha
17
100
934 Jan.
07 78
73,210 593b Jan.
530
73
62
Jau.
*3*8**
118" il834 ii&l
20
02*8
1.120
3
65
97 3b Feb. 26
134
Feb. 26
11634 Mar. 14
9
Mar. 0
Feb. 27
19
29
Feb. 25
91*4 Feb. 25
38
Feb. 24
139
Mar. 26
20
Jan. 27
2334 Mar.
82*4 Jan.
154*994
Mar. 21
9034 Feb.
Jan. 15
Mar. 14
125Hi Mar. 14
70 *s Jail. 12
107 Ha Feb. 19
Jan.
1,025
High
8
135
Jan.
15
1,577
Low.
35
Feb. 20
11
Feb. 12
13*« Mar. 12
413e Mar. 9
36
Feb. 25
034 Fob. 10
12*4 Feb. 26
Jan.
Jan.
‘Too
50
rr 1.
130
6,584 115*2 Jan.
3G7.145
O8H1 Mar.
4.119 102 Jan.
182,581
843s Jan.
1.430 II934 Jau.
1,522 105 Jan.
250
139
*2
220
5Hi
9 H>
360
105
5 Ha
175 128
8*2
18
"80 34 * 8G34
77
*5Ha
"132
Adams.i
American
United States
7
Feb.
31
Mar.
20 Hi Jan.
89
.
pref—
02,253
39,905
125*8
MISCELLANEOUS.
Do
313a
*87
25 Ha
0 Ha
21
35
Western Union Telegraph
EXPRESS.
32 34
125
77*4
*5 Ha
*18
*34
.r..
29*4 Jan.
934 Mar.
89
25
*2
24
Quicksilver Mining Co
‘Too
125*2
31Ha
2 Hi
*20
Pacific Mail
Pullman Palace Car Co
5,110
Year 1884.
Highest.
Feb.
Mar.
Feb.
Jan.
33Hi
10
31*2 3134
0
*5*2
*9 Hi 10
*0 Ha
7*2
134*4 134*4
122 7a 123*4
09*4 70*8
978
124
88
57
37
*3134
*934
100*2 107
*0*2
0*8
3034
*2
Do
pref.
fit. Louis A San Francisco
Do
pref..
Do
1st pref.
Oregon Improvement Co
Oregon Railway A Nav. Co—
32*4
0*4
Lowest.
37 Hi
‘
"978
fit. Louis Alton A Terre Haute
American Dist. Tel
American Tel. A Cable Co
Bankers’ A Merchants’ Tel....
Colorado Coal A Iron
Consolidated Gas Co
Delaware A Hudson Canal
Mutnal Union Tel
31 *-2
0*4
9*2
*0*2
*14** *1*4*
03*8
30 34
*23 Ha
77 *e
20
34
<
3*4
3
10
35*4
“*3 *8 "*3*8
3*4
0*8
3*2
89;*8
313s
2534
80*4
1*38*8 138*8
1*02*8 1*03*8
10238104
(Shares).
30*4
100*2
93*4 94*4
9234 94*8
130*4 130*4 131*8 131 *8 130Ha 130*2
115
115
115
114*8 114*2 115*4 115
100
100
92 34 94*rt
100
94 le
131
40 Ha
90*c
40Ha
0
11
8
*37*2.--.
*32
32*4
*9*2 10*4
13334 13334
1223s 1*22*2 122*2 122*4 123*4
70 7a
08*2 71*8
08*8 70 7e
*38*4
89Ha
*39
88*4
373s
32 Hi
10 Hi
135
*34
*34
11 Ha
*20
...
Texas A Pacific
Union Pacific
Wabash St. Louis A Pacific
Do
pref.
31
30*8
7d
31*4
125*8 125*8
85
12 34
15
03
71 Hi
....
fit. Paul A Duluth
Do
pref..
fit. Paul Minneap. A Manitoba
34
*48
*3
200
*14
77
37*2
*101 Ha
Nashv.Cliattanooga A St.Louis
..
*958
334
0*2
3*4
02*8
71*2
30*4
37:1s
32 Ha1 *31*a
For Full
Range Since Jan. 1, 1885.
March 27.
88
11
0*8
Friday,
March 20.
March 25.
38 Hi
*7 Ha
125
New York Central & Hudson..
New York Chic. * St. Louis...
Rochester A Pittsburg
Rome Watertown A Ogdensb’g
8 Hi
17
24 34
85
35
103 Hi
102
197
10
118
Rensselaer A Saratoga
Rich. A Alleg., stock trust ctfs.
Richmond A Danville
Richm’d A West P’nt Terminal
313s
5*8
10H,
*12
pref..
Philadelphia A Reading
Pittsburg Ft. Wayne A Chic...
Do
special.
31 Ha
120*4 120*4 125
Minneapolis * St. Louis
Peoria Decatur A Evansville..
35 *4
4
7
52
3*4
Long Island
Oregon Short Line
Oregon A Trans-Continental...
*37
*31 Ha
"9
734
52
Lake Shore
Do
pref.
New York Lack. A Western...
New York Lake Erie & West’n
Do
pref.
New York & New England
New York New Haven A Hart.
New York Ontario A Western.
New York Susq. A Western
Do
pref.
Norfolk A Western, pref
Northern Pacific
Do
pref
Ohio Central
Ohio A Mississippi
Ohio Southern
85
34
*3*2
*6*2
Do
pref.
Evansville & Terre Haute
Green Bay Winona A St. Paul.
Harlem
Houston A Texas Central
Mobile A Ohio
Morris & Essex
24 Ha
84 34
*33
253b
734
Dubuque & Sioux City
Do
pref..
Missouri Kansas* Texas
Missouri Pacific
*7 Ha
17
ioi34 103*4
East Tennessee Va. A Ga
MU. L. Shore* West’rn,
32 Ha
934
38-^
0
8 Hi
19
*7 Hi
no
25
84 34
34
.
Metropolitan Elevated
Michigan Central
38 *s
*315a
934
*0
0*8
*133Ha
133*8 133*8
121 a4 12278 122
122*8 12134
09 3s 71*4
08*8
70Ha 72 78
100
105 Hi 105 34 100
IO534
92
93 Hi 95
34
92-78 93 78
130 34 131
131
130
131
114
114
Ha
114*2 114*2 11334
Chicago Rock Island & Pacific
Chicago St. Louis & Pittsburg.
Do
pref.
Chicago St. Paul Minn. A Om.
Do
pref.
Cleveland Col. Cin. A Indianap.
Louisville A Nashville
Louisville New Albany*; Chic.
Manhattan Elevated, consol...
Manhattan Beach Co
Memphis & Charleston .;
11
*10
pref.
Do
*37 *4
*31 Hi
*9
5 r>8
pref.
Do
Wednesday, Thursday.
Tuesday,
March 24.
130
29 Ha
—
Chicago A Northwestern
&
Sales of
the Week
LOWEST PRICES.
AND
88
pref..
Burlington Ced. Rapids A No..
387
8
17
17
22
3
19
27
Mar. 10
Mar. 25
Feb. 25
Mar. 10
Mar. 261
34
78**
137
102
61*a
115
CHRONICLE.
THE
388
[Vol. XL.
QUOTATIONS OF STATE AND RAILROAD RONDS, MARCH *27,
STATE
1
Bid.
SECURITIES,
i
88
Alabama—Class A, 1906.
*103
Class B, 5s, 1906
;.1l
*
maaa<~!
±a
*106
8
*
Arkansas—6s, funded—
7s, I Rock & Ft. S. iss. *15
7a, Memp.A L.Rock RR *15
14
7s, L. R.P.B.&N.O. RR
14
7s, Miss. 0.* R. R. RR.
*4
7a, Arkansas Cent. RR.
*100^
Osorgla— 6s, 1886
103 V
7s. 1886
*112
7s, gold, 1890
65%
64%
N. Carolina—ContinuedNew bonds, J.AJ., ’92-8
Consol.
_
*
N.OA
Del. L. &
Railroad Bonds.
1
Atch.T.&S.Fo—4 Vs,1920
Sinking Fund, 0s, 1911.
70 V 71
Atl. & Pac.—1st, Gs, 1910.
122
Balt.* O.—1st, Gs.Prk.Br.
Bur.C. Rap. & No.—1st, 5s 106 Vi
Consol., 1st, 5s, 1934 ... 1 *95V1
v.,
Minn.&St.L.—lst,7s,gu. *130 1135
la. City it West.—1st, 7s *110
C. Rap. I.F.A N.—1st, 6s 109 V
*92
1st, 5s, 1921
Buff. N. Y. & P.—Cons., 6s
General, 6s, 1924
2d, 5s, 1913
Reg., 5s, 1913
Central Iowa—1 st,
7s,’991
East. Div.—1st, 6s, 1912
IB. Div.—1st, 6s, 1912..
Char. Col. & Aug.—let, 7s.
Chesapeake & Uhio—
Pur. money fund. 1898..
6s, gold, series A, 1908 . •105V
74
6s, gold, series B, 1903 .
23
6s, currency, 1918
Mortgage 6s, 1911
Ches.O.&S.W.—M. 5-6s... *7l‘
Chicago & Alton—1st, 7s *118^
123
Sinking fund, 6s, 1903
La. * Mo. Itiv.—1st, 7s. *121
7«
1 non
St. L. Jack. &
1
Chic.—1 st |*i 18V
1st,guar. (564), 7s,’94 *118V
125
2d, (360), 7s. 1898 ...
~~
2d, guar. (188), 7s, ’98
Miss.R.Br’go—lst,s.f.6s
Chic.Burl.& Quincy—
Consol. 7s, 1903
131% 132 V
5s, sinking fund, 1901..
b'934 I06'
5s, debentures, i913....
Ia. Div.—S. fd., 5s, 1919 *109
90
96V
Sinking fund, 4s, 1919
Denver Div.—4s, 1922..
90
Plain 4s, 1921
C.R.I. & P.—6s, cp., 1917. 129 V 129 7s
129
6s, reg., 1917
Ext. * Col., 5s, 1934....
j 10734
Keck. A Des M.—1st, 5s 107 V 108
109
Central of N.J.—1st. ’901.
94
1st,cons.assent. 7s, 18991
95
Conv., assented, 7s, 1902
Adjustment, 7s, 1903... 103 %! 104
Conv. debent. 6s, 1908..
j 65
92 V 95 V
Leh.AW.B.—Con.g’d.as.
*80
Am.D’k&Imp.-5s, 1921
Ch.M.A St.P.—1st,8s,P.D. 129
2d, 7 3-10s, P. D., 1898 . 118 V
1st, 7s, $ g., It. D., 1902. 128 [130
1st, LaC. Div., 7s, 1893. 116 I
1st, I. & M., 7s, 1897 ... 120 I
121
1st, I. & D., 7s, 1899.... 117
1st, C. A M., 7s. 1903.. *128 1
121
121V
Consol. 7s, 1905
12034
1st, 7s, I.& I). Ext.,1908 119
1st, S. W. I)iv., 6s, 1909. 110V 112
97
t
98
let, 5s, LaC.ADav.,1919
lst,S.Minn.Divr.,6s, 1910 iiov 112
*1183.i 119 V
1st, II. A D., 7s, 1910
111V
Chic.* Pac. Div.6s, 1910 113
94% 95
1st,Chic.A P.W.,5s,1921
95 ;
Min’l Pt. Div., 5s, 1910.
-97 i 99 V
C.& L. Sup. Div. 5s. 1921
Wis.& Min. Div.os, 1921
933i- 94 V
*
i 91
Terminal 5s, 1914
Ohic. A Northwest.—
Sinking Fund, 7s, 1885. 102% 102%
Consol, bonds, 7s, 1915. 137 jl38
Extension bonds, 7s, ’85 102%'....
102% 102%
1st, 7s, 1885
Coupon, gold, 7s, 1902.. 128V
-
6s,1929,reg.
Sinking fund, as, 1929
Sink, fund,
Sink, fund, 5s,
1929. reg
Sink’gfd. deb., 5s, 1933,
25 years deb. 5s, 1909
..
-----
128 I
113 V!
*112
105 il06 V
bsiijVi "9*9"
97
96
113
Escanaba* L. S.—1st,Os.
Des M.A Min’ap.—1st,7s!
Iowa Midland—1st, 8s..i*128V
..
Peninsula—1st, conv.,7s 127
Chic.* Milw’kee— 1st,7s!
Win.&St.
1127s
113
*118
Bid.
SECURITIES.
,
126
I’.—1st,7s,’87| 106V 107
V1120%
*
132
107
Pitts.
Ask.
*97
118 V
Ft.W.&C.—1st,7sj 138 139
*133
"" V
2d, 7s, 1912
3d, 7s, 1912
*128
124
108
99
108
Clov.&Pitts.—Cons.s.fd.
4th, s. fd., 6s, 1892....
117 V
MiT.L.S.&W.—lst,6s,1921 104
Mich. Div.—1st, 6s, 1924 *100V 101
St.L.V.AT.H.—1st,g.,7s
2d, 7s, 1898
2d, guar., 7s, 1898
Pitts.B.&B.—1st, 6s, 1911
Pitts. Cleve.*Tol—lst.Gs
Pitts. June.—1st, 6s, 1922
Rome W.& Og.—1st,7s,’91
109 V 110
Registered, 5s, 1931....
Jack.Lan.* Sag.—6s,’91
6s, 1910
....
120
Minn.* St.L.—1st,7s,1927
Iowa Ext—1st, 7s, 1909
*i05
Buff.N.Y.&E.—1st,1916
j....
116%!....
80
Ev. * T. II.—1st, cons., 6s]
Mt.Vern’n— 1st,6s, 1923:
Trust Co. receipts
N.Y. * N. Kngl’d—1st,
55 V
Collat’l trust, 6s, 1922.
Buff.AS.W.—M.,6s,1908
102 V
......
Fargo & So.—1st, 6s, 1924
Fl’tAP.Marq— M ,6s,1920
S.Ant.—1st,6s
*97
2d, 7s, 1905
*91%
West. Div.—1st, 5s
2d, 6s, 1931
Gr’nBay W.ASt.P.—lst.Gs "60*'
Gulf Col. & S.Fe—7s, 1909 104
2d, 6s, 1923
Han.& St.J.—Con.6s, 1911 115* ‘
Houston * Texas Cent.—
1st, M. L.,7s, 1891 t ....
85V
1st, Western Div., 7s t..
72V
No.,
7sL...
72V
1st, Waco &
50
2d, consol., main line. 8s
2d, Waco* No.,8s,1915
30*
General, 6s, 1921
H oust. E.&W.1Tex.--1 st,7 s
2d, 6s, 1913
92 V1
—
65
1st,
.
..
116
77
..
...
115% 116
sll6
jlOO
1031
1920
53
Tol.Del.* Burl.—Main, 6s
83
1st, Dayt. Div., 6s, 1910
1st, Ter. trust, 6s, 1910.
Tex.* N. O — 1st, 7s, 1905}
Sabine Div.--lst,0s,1912
105 V 105%! Va. Mid.—M. inc., 6s,1927
104 V 105
Wab.St.L.&Pae.—Gen., 6s
59 VI
Chic. Div.—5s, 1910
97
Hav. Div.—6s, 1910
*
99
Tol. P.AW.—1st,7s, 1917
110 V
Iowa Div.—6s, 1921
110 V 118
Iud’polis Div.—6s, 1921.
109 V
Detroit Div.—Os,-1921..
100
Cairo Div.—5s, 1931
Oreg’n* Cal.—1st,6s,1921
Or.&Transc’l—6s,’82-1922
Oregon Imp. Co.—1st, 6s.
Oreg’n ltR.ANav.—1st,6s
Debentures, 7s, 1887
...
59%
::::::
74
81
*110 v
*103
74
82
101
103
93
101
Pacilic Railroads—
Central Pac.—Gold 6s
112% 113
..
107 V
98
98
102 V
108 V 109 V
Joaquin Br.—6s..
Cal. & Oregon—1st, Gs
Cal. & Or.—Ser. B., 6s.
Land grant bonds, 6s.
West. Pac.—Bonds, Os..
No.lt’way (Cal.)—1st, Gs
So. Pac. of Cal.—1st, 6s.
So. Pac. of Ariz.—1st, 6s
So.Pac.of N.Mex.—lst.Gs
Union Pacific—1st, 6s..
V1
liiv'
*
Ev.—1st, 6s
Evans.Div.—1st,6s,1920
Peoria* Pek. U’n—1st,6s.
v
98% 100
Wabash—Mort. 7s, 1909
Tol.A W.—1st, ext.,7s.
1st, St. L. Div., 7s, ’89.
2d, ext., 7s, 1893
Equipm't bds, 7s, ’83.
Consol, conv., 7s. 1907
Gt.West’n—1st, 7s, ’88
2d, 7s, 1893
Q.ATol.—1st, 78,1890
75
71
108
99
92
35
109
101
94 V
*78"
75
106% 107 V
93
95
Han.* Naples—1st, 7s
Ill.* So.la.—1st,ex.,6s
St.L.K.C.&N.—R.e.,7s
Omaha Div.—1st, 7s.
Clar’da Br.—6s, 1919
1.03
83 V
8t.Chas.Bge.—lst.Gs. *76
Missouri—1st, 7s..
Wost.Un.Tel.—1900, coup
1900, reg
No.
N.W.
Telegraph—7s, 1904
Mut. U n.Tel.-S.fd,0s,1911
110V 112
113
1115
69
69%
14V
14%
INCOME BONDS.
|.(Interest
payable if earned.)
!Atl.* Pac.—Inc., 1910....
112% 113% Central of N.J.-1908
'93% ::::::
....
iE.T.V.AGa.—Iiicm6s,1931
*109
109 V 110
109V 110
92%
106
93
"93”
Mil. Ij. Sh.& W.—Incomes
Moh.& O.—lst,prf.,deben.
90
85% "85%
96
105
*93%
104
34
48
98 V
16
3d, pref., debentures—
4th, pref., debentures...
4V
Min’l Div.—Inc.,7s,1921
Ohio So.—2d inc., 6s, 1921
PeoriaD.* Ev.—Inc.,1920
101
100,
10
2d, pref., debentures —
N.Y.LakeE.AW.—Inc.,6s
Ohio Cent.—Income, 1920
95
106
104V
99 V
Ind'sDee.* Spr’p—2d,inc.
Leh. & Wilkesb.Coal.—’88
Lake E.& W.—Inc., 7s.’99
Sand’ky Div.—Inc.,1920
Laf.Bl.AMun.--Ine.,7s,’99
109 V;110
*
t Coupons off.
80
'50
J
•
5s, 19071
Kans.Pae.—1st, 6s, ’95;
lst.Gs, 1896
1
Denv. Div.6s,ass..’99
1st, consol., 6s, 1919.
C.Br.U.P.—F.c.,7s,’95
At.C.A P.—1 st,6s, 1905
At. J. Co.& W.—1st, Gs
Oreg. Short-L.—1st, 6s
Ut. So.—Gen.,7s, 1909
Exten., 1st, 7s, 1909
Mo. Pac.—1st, cons., 6s.
3d, 7s, 1906
Pac. of Mo.—1st, Gs...
2d, 7s, 1891...:
St.L.* S F.—2d,6s, Cl. A
6s, Class C, 1906
6s. Class B, 190G
1st, 6s, Pierce C. * O
95
*18
Gr.BayW.* St.P.—2d,inc.
Sinking fund, 8s, ’93.. ! * 118%
iiov Inrt.Bl.*W.Inc.,1919
Reg., 8s, 1893
t
Collateral Trust, 6s... j
Consol., inc., 6s, 1921...
!
Do
106
*83
...
Peoria Dec. &
San
105 V'.::::
69
*67
65
2d, 6s,
108
1931:*103
1922
Slienaml’liV.—1st,7s,1909
45
General, 6s, 1921
33% Tex.Cen.—1 st, 3.f.,7s,1909 "5IV
33
51V
1st, 7s, 1911
lib
!
!
112
74
57 V!
74
87
Lake Shore—
103% 103%
M. S. * N. I., s. f., 7s...
*
Clove. A Tol.—Sink’g fd 102%
New bonds, 7s, 1886..
*116
Clove. P. * Ash.—7s
Buff&Erie—Newbds,7s 121
Kal. *W. Pigeon—1st..
Det.M.A T.—1st,7s,1906
Lake Shore—Div.bonds. 123
Consol., coup., 1st, 7s. 128
120
Consol., reg., 1st, 7s
Consol., coup., 2d, 7s..
Consol., reg.,'2d, 7s
Long Isl. ItR.—1st, 7s,’98
1st, consol, 5s, 1931
Louis.West.—1st, 6s
Springfield Div., 7s
Min’s Un.—1st, 6s,
St.P.* DiJ.-lst, 5s,
So. Car. R’y.—1st. Gs,
78
*35
33
Central—1st,6s.1920
1st, Torm’l Tr., 6s, 1920,
1st, Min’l T)iv., 6s, 1921
Ohio So.—1st, 6s, 1921....
Ohio
..
115
Midland of N. J—1st, 6s
N.Y.N.H.&H.—lst.,rg.,4s
Nevada Central—1st, 6s..
N.Pac.—G.l. gr.,lst, cp.,6s
Registered, 6s, 1921
N.O. Pac.—lst,6s,g.,1920t
Norf.AW.—Gen., Gs, 1931
New River—1st,6s,1932
Ohio* Miss.—Consol, s. fd
Consolidated, 7s, 1898..
2d consolidated, 7s,1911
36 V
36
77 V
N.Y.C.ASt.L.-lst,68,1921
2d, 6s, 1923
N.Y.W.Sh.* Buff—Cp.,5s
1116V
Registered, 5s, 1931 —
99 V N.Y. Susq.* W.—1st, 6s.t
Debenture, Os, 1897 t...
104
5s
C.St.L.&N.O.—Ten.1.,7s
lHt, consol.. 7s, 1897.. 122 *
2d, 6s, 1907
109 V HO
Gold, 5s, 1951
Ind.Bl.&W.—1st, prof., 7s
1st, 5-0s, 1909
2d, 5-6s, 1909
Eastern Div., 6s, 1921..
Ilndiauap. D.ASpr.—1st,7s
! 2d, 5s, 1911
Int.* Gt. No.—lst.Gs, gold
I Coupon, 6s, 1909
Kont’lcy Cent.—M. 6s, 1911
Stamped, 4 p. c., 1911
7s
104
97
Ill.Cen.—Spd.Div.—Cp. 6s
Dul).* S.C.—2d Div., 7s.
Ced.F. * Minn.—1st, 7s.
35
35
110
102
1st, 6s, 1905
Gal. liar.*
Middle Div.—Reg.,
.
N.Y.C.&N.—Gen.,6s,1910
128
N.Y.L.E.AW.-New2d0s|
No prices Friday; these are latest quotations made this week.
50
127%
Pitts.C.ASt.L.—1st,c.,7s
1st, reg., 7s, 1900
2d, 7s, 1913
47
Consol., 5s, 1902
Gs, 1909
Coupon, 5s, 1931,
Bid.
SECURITIES.
Penn.RR.—ContinuedPa. C’o.’s 4 Vs,Reg., 1921
97
1st, 6s, 1884-1913
*130
*110
108
98
J
121
!
2d,7s,1907
...126 '127
105
Mil.tfcM ad.—1st,6s,1905
Ott. C. F.A St. P.—1st,58 100 V I02
Louisv. * N.—Consol., 7s. *118 V 119 V
G.C.C.A Ind’s—1st, 7, s. fdi 122 I
93
Cecilian Br’cli—7s, 1907
Consol. 7s, 1914
> 118 il22V
|
80 V 81
Mol).-] st,6s,1930
Consol, sink, fd, 7s,1914
*68 V!
*97V101
General consol.. 0s,1934
2d, 6s, 1930...
106
I
E.H.AN.—1st, Oh, 1919. 105
Chic. St. P. Min. A Om.—
89 78; 90
111 V112
Consol. Os, 1930.
General. 6s. 1930
:125
Pensacola Div.—6s,1920
C.St.P.AM.—Ist6s,1918
96
102
No. Wis.—1st, 6s, 1930.
St. L. Div.—1st, 6s, 1921
52
St.P.* S.C.—1st,6s,1919 119
2d, 3s, 1980
Nasliv.A Dec.—1st, 7s..
Chic.ifc E.I11.—1st,s.f.,cur. 109 V HO
96
*90*
S.AN.Ala.—S.f.,08,1910 *
Consol., let, 6s, 1934
Vi 98
80
Louisv. C.A L.—6s, 1931!
Chic.St. L. A P.—1st .con.5s
Equipment, 7s, 1895..
80*
Gon’l mort., 6s, 1931..
79
Trust bonds, 6s, 1922... I
Chic. * Atl.-1st, 6s, 1920
0,1 f!u 1 UO'l
)
69
So. Pac.of Mo.—1st. 6s
10-40, 6s. 1924
1
85
Tex.APac.—1st, 6s,1905
L.Erie AW.-lst, 6s, 1919,
Chic.* W.Ind.-lst, s.f.'Os! i‘03V
105 V
Gen’l mort., 6s, 1932
Consol., 6s, 1905 t
1
Sandusky Div.—6s, 1919' *80
Income * id. gr., reg..
Laf.Bl.A M.—1st, 6s, 1919,
85%
Col.* Green.—1st,0s,1910!
98
Bio G., 6s, Aug. cp. on
95
Louisv.N.
A
lh.AC.—lst,6s:
72
2d, 6s, 1926
Do
ex Aug. cp
General mort., 6s. 1914. :
Col. H.Val. * Tol.—1st, 5s!
72 V
Gen. mort. * Ter. 6s..
Del. L.A W.—7s, conv.,’92
Lou. N. O. * Tex.—1st, 5s
88% 89 V
Manliat.B’ch Co.—7 s, 1909
*133
Mortgage, 7s, 1907
j Pennsylvania RR.—
11
SvT.Bimr .c-v V.—1st.7s 128
132
N.Y.AM.B’h—1 st.7s.’97
Pa.Co.’sgnar.4Vs.lst,cp
—
Ask.
107
Max. Cent.—1st, 7s, 1911.
1st M., 7s, ex-cp.,6,7,& 8
Mieh.Cent.—Cons.7 s, 1902
Milw.A No.—1st,
*11014
113
.....
*108"
99
100
2d, 7s, 1891
78 V
Con., 1st, ext., 5s, 1922.
S’tlnv.Ext.—1st, 7s,1910 112% 113 V
Roch.&Pitt.—1st, 6s, 1921; 105
Pac. Ext.—1st, 6s, 1921. 103 VL
91
69Vi 70V
Consol., 1st, 6b, 1922
Mo.K.A T.—Gen’l,6s,1920
55
57
I 55 V Rieli.&Alleg.—lst,7s,1920j
....
General, 5s, 1920
104 V 105
Rich.* Danv.—Cons.,g.,6s
99% 100 V
Cons., 7s, 1904-5-6
65 %•
70
Debenture Gs, 1927
! 64
Cons., 2d, income, 1911.
Atl.&Ch.—1st, pr.,7s,’97;*110
H. * Cent. Mo.—1st, ’90 105
Incomes, 1900
Mobile * Ohio—New 6s..j 107
108V;
j *78
Det.Mack.* Marq.—1st,6s
70
60
Collater’l trust, 6s', 18921*
95 V Scioto Val.—1st, cons., 7s.
Land grant, 3 Vs, S. A...
L.
*
Iron
St.
115
Mt.—1st, 7s. 112 V
E.T.Va.AG.—lst,7s,1900t 113
1st, Extension, 6s, 1927}
47
48
2d,
1897
107
V
V
7s,
}
1107
Morgan’s La.* T.—1st, 6s*
1st, cons., 5s, 1930
Arkansas Br’ch— 1st, 7s 108V|109
92
91
1st, 7s, 1918
i*
HO
Divisional 5s, 1930t
Cairo * Fulton—1st, 7s. 106 V 106%
Nash.Chat.* St.L.—1st,7s 117% 118
Eliz.C.* N.—S.f.det>.,c.,6s
Cairo Ark * T.—1st, 7s.:
'104V
2d, 6s, 1901
i
|
1st, 6s, 1920
Gen. r’y * 1. gr., 5s, 1931
88
90
N. Y Central—6s, 1887...-*105 V 105%
72V 72V
,Eliz.Lox.* Big Sandy—6s 125
St.L.Alton*
T.
H.—1st,7s,*112
Dob. certs., ext’d 5s— 104 V
'Erie—1st, extended, 7s...
2d, i)ref.y7s, 1894
,*107 iio"
N.Y.C.* H.—1st, cp., 7s! 134% 134 V
2d, extended, 5s, 1919 .. 108
102
103
7s,
2d,
liicomo,
1 99
1891
1st, reg., 1903
>*
135
3d, extended, 4 Vs, 1923.
Deb., os, 1904
} 102V 102% Bellev.A So. 111.—1st, 83 *115
4th, extended, 5s, 1920. 107 V!
112
107 V 110%
St.P.Minn.* Mail.—1st,7s 109
Hud.Riv.—17s,2d,s. f.,’85 *102%
5th, 7s, 1888
114% 115
2d, 6s, 1909
Harlem—1st, 7s, coup ..
1st, cons., gold, 7s, 1920, 112 V 113
1.35
113V
Dakota
V
Ext.—6s, 1910..
1st, 7s, reg., 1900
1st, cons., fd. coup., 7s ..
107
N.Y.Elev’d—1st, 7s, 1906 ii7^ 118 V
1st, consol., 6s, 1933
Rcorg., 1st lien, 6s, 1908
N. Y.P.AO.—Pr. l’n, 6s,’95
1st, consol., 6s,reg.,1933,
Long Dock b’nds, 7s, ’93 116
.
Regist’d, gold, 7s. 1902.
Sinking fund, 6s, 1929..
9534
*42 V
*50
*5 V
BONOS.
2d, 63, 1899
123
124 V124%
120
1871,1901
1st, consol., guar., 7s..
N.Y. Lack.* W.r-1st, 6s
Construction, 5s, 1923
Del.* Hud. Canal—1st, 7s
1st, ext., 7s, 1891
Coupon, 7s, 1894
Registered, 7s, 1894 —
1st, Pa. Div., cp.,7s,1917
1st, Pa. Div., reg., 1917.
Alb. * Susq.—1st, 7s
2d, 7s, 1885
..
47%
Metroji’lit’n El.—1st,1908
114%
3-65s, 1924
Registered
Funding 5s, 1899
1st, cons.,guar.7s,1906 127 V
98%
1st, cons., gu., 6s, 1906 114V 115
Reus. & Sar.—1st, cp.,7s 139 '
7034
1st, reg., 78, 1921
Denv.A Rio Gr.—1st, 1900 "89"
48 34
1st, consol., 7s, 1910
Den.So.Pk.APac.—1st,7s.
40‘V!
Den.* KioG.West.—1st,6s
98
5s
Ask.
*75
District of Columbia—
108
47%
1
14
—
7s of
Alleg’y Cent.—1st,6s,1922
‘Q
O
*137V!
2d, 7s, 1891
Bonds, 7s, 1900
Prices.)
Ala. Central—1st, 6s, 1918
(Stock Exchange
Can. So.—1st, int. guar.
W\—Contin’d—
Morris* Essex—1st,7s.
Q
*107
Bid.
SECURITIES.
Ask.
Bid.
(*105V
South Carolina—
55
54%
*39
*39
Virginia— 6s, old
6s, new, 1866.
6s, consol, bonds
6s, ex-matured coupon.
6s, consol., 2d series—
6s, deferred
86
85 V
Ask.
47%
C’mp’mise,3-4-5-0s,1912
4%'
110V
Ohio—6s, 1880
_
! Tennessee—Continued—
j 6s, new series, 1914 ....
3%
4s, 1910
Bid.
SECURITIES.
*18
6s, 1919
.
Ask.
Wil.C.&Ru.R.
Do
...
RAILROAD
SECURITIES,
Bid.
SECURITIES.
Special tax, all classes..
Asyl’mor Univ., due’92
Funding, 1894-95
i Hannibal & St. Jo,, ’80.
i New York—6s, rog., 1887
i
0s, loan, 1891
i
i*115
0s, loan, 1892
*117
0s, loan, 1893
*30
N. Carolina—0s, old, J.&J.
*10
1 Funding act, 1900.
!
20
20
10
i
103 V
109
112 V
115
120
*106
*113
Missouri—0s, 1880
6a, due 1889 or 1890....
(
Ask.!
75
Louisiana—7 s, ",ous.,1914
Ex-matured coupon
1
08.10-208, 1900
Bid.
SECURITIES.
Ask.;
1885.
BONOS.
100
Evausv.Div.—Inc., 1920
Roch.APittsb.—111c.,1921
Rome W. & Og.—Inc., 7s.
So. Car. Rv—Inc.,6s,1931
St.L.A.* T.H.
Div.bds
94 V
FREE LIST.
104 V! Consol. Coal.—Conv.6s,’97
107 | CohC.AIr.Co.—1st,con.,6s
74 V Cum. & Penn.—1st, 6s, '91
35
2d, 6s, 1888
56
Des M. * Ft. D.—1st, 6s..
50
Ft, W. & Denv. C.—1st, 6s
Grtl.H.* H. of ’82—1st, 58
Pullman’s Pal.Car—Stg.7s
99
7 s. debenture, 1888
34 V
*30
25
30
103
*64
105
68
60
THE CHRONICLE,
1885.]
March 28,
New York Local Securities.
Harked thus (*)
are
America*
Amer.
Par.
National
not
Exchange...
Broadway
Butchers’ & Drov’s’
Central
Chase
Chatham
Chemical
Citizens’
City
Commerce
Continental
Corn Exchange*....
East River
Eleventh Ward*....
Fifth
Fifth Avenue*
First
Fourth
Fulton
Gallatin
Garfield
German American*.
German Exchange*
Germania*
Greenwich*
Hanover
Imp. & Traders’
Irving
Leather Manuf’rs’..
Manhattan*
Marine
Market
Mechanics’
Mechanics’& Trads’
Mercantile
Mercnants’
Merchants’ Exch...
Metropolis*
Metropolitan
Murray Hill*
Nassau*
New York
New York County
N. Y. Nat. Exch....
.
Ninth
North America*....
North River*
Oriental*
Pacific*
Park
People’s*
Phenix
Produce*
Republic
St. Nicholas*
Seventh Ward
Second...
Shoe & Leather
State of New York*
Third
Tradesmen’s
Union
United States
Wall Street
West Side*
100
100
25
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
100
30
50
100
75
100
100
25
100
100
50
100
50
100
100
25
25
100
50
50
100
100
100
50
100
100
100
100
70
30
25
50
100
25
20
50
100
100
100
100
100
100
100
40
50
100
50
Bid.
PRICE.
150
125
280
108* i 12**2
180
Par.
COMPANIES.
Ask.
50
American
Amer. Exchange... 100
25
Bowery
25
Broadway
17
Brooklyn
20
Citizens’
70
City
125
100
50
100
40
100
30
50
Clinton
Commercial
Continental
145'
Eagle
Empire City
Exchange
Farragut
107
157
110
400
115
125
Firemen’s
Firemen’s Trust
Franklin & Emp..
German-Ameiican
Germania
Globe
Greenwich
Guardian
Hamilton
Hanover
17
10
100
100
50
50
25
100
15
50
100
50
100
30
20
40
50
100
25
50
50
50
50
50
.
.
Home
Howard
140
142*2
Irving
Jefferson
130
Kings C’nty (Bkn.).
Knickerbocker
145
Long Isl’d (B’klyn)
Manufac. & Build..
Hecli. & Traders’
Mechanics’ (Bklyn)
Mercantile
Merchants’
Moutauk (Bklyn.)..
138
131
15
*2*2*2
Nassau (Bklyn.)
National
N. Y. Equitable
N. Y. Fire
...
...
Niagara
North River
100
110
97*2
Pacific
10*0*
115
Park
Peter Cooper
People’s
Phenix
Rutger's
Standard
1*5*6“
100
143
Star
ib*‘i“
Sterling
Stuyvesant
United States
Westchester
108
100“
112
125
108
125
Williamsburg City.
Ask.
140
95
130
170
155
125
115
120
20
220
150
102
140
180
170
140
120
125
30
230
230
245
80
100
108
70
75
104
75
30
110
210
120
105
220
60
100
117
123
55
40
118
200
80
85
50
1i5
220
125
no
260
67
108
127
126
65
53
125
210
90
105
i‘o‘6*
40
75
55
100
100
145
37*2 80
140
35
100
70
120
50
25
105
25
165
100
100
20
140
50
100
50
130
25
110
50
95
100
40
100
50
25
100
25
123
10
120
50
215
..
139*2
Bid.
112
50
85
63
105
107
150
87
155
80
125
111
175
108
150
110
135
118
100
55
55
120
130
125
225
135*
Par.
...
Bonds
Consolidated Gas
Jersey City & Hoboken.
Metropolitan— Bonds
Mutual (N. Y.)
Bonds
Nassau (Bklyn.)
...
25
20
1,000
100
20
1,000
People’s (Bklyn.)
100
1 000
25
Var’s
10
Williamsburg
Var’s
50
Scrip
Bonds
Bonds
1,000
Bonds
Metropolitan (Bklyn.)..
Municipal—Bonds ;
Fulton Municipal
Stocks
and
Bonds
Amount.
Period
2,000,000 Var’s
1,200,000 Var’s
259,000'A. & O.
35,4 30.000!
756,000) J. & J.
700.000, F.& A.
3,500,000 Quar.
1,500,000 M.&N.
s3
P5
5
3
Date.
*
.
N’r 10, ’84
Jan. l,’85i
1st mort
1st mort
Honst.W.St.&P.F’y—Stk
1st mort
Second Av.—Stock
1st mort
Consol
Sixth Av.—Stock.i
1st uiort
Third Av.—Stock
Bonds
Twenty-third St.—Stock.
1st mort
*
3*2 S’g F., ’99 107
|
7V Jan.
83
...
1, ’85I145
1,000,000 A. ft O. 3
100
1,000,000)
3
1,000
100
750,000
3,000,000
100
300,000
2,000,000
1,000,000
106
1900
95
Jan. 1,’85
105
1888
3Sz
151
3
Jan.15/35
101
6
1900
105
1900
105
6
114
126
105
122
95
82
110
j 101
140
110
i 96
110
153
105
108
108
100
900,000;J. & J.
1,000
700,000 J. & J,
34 jail.,
7
’85, 24 *4
,6s
Pueblo & Ark.
-----
11834
Val.—7s..
Rutland—6s, 1st
**94**4
Sonora—7 s
STOCKS.
Atcliison & Topeka
July. 19001112
100
1,000
100
100
7
2
600,000 Q.—J.
1*2 AptiV 1/85 155
6
Nov..l922 110
160
145
M.&N,
100
Q.
J. & D
Q.—F,
~
”
2
7
J. & D.
F.& A.
7
6
100
100
500
100
1,000
1,000
100
1,000
100
1,000
100
1,000
172
105
220
112
175
112
400,000!J. & J.
500,000! Q.—F.
1,000
1,000
113*2
April 1/85 143
.Dec., 1902 121
lVFfcb., ’85 132
A.&O. 7
i Oct., 1898 110
’85 190
Q.—F. 2 VFeb.,
Q.—J.
F & A.
250,000| Q.-F.
2
500,000!J.
& J. 7
1,86*2,000) J. & J. 5
400,000! M.&N. 5
1,050,000 M.&N. 7
M.& S.
J. & J.
Q.—F.
J. & J.
F. & A.
M.&N.
jJune,
’93 114
IFeb., 1914 101
2*2 Aptil 1/85 240
6
Feb.. 1914 105
748,000! Q.—F. 4
236,000; A. & O. 7
1,500,000
500,000
2,000,000
2,000,000
600,000
250,000
Jan., 1888 105
Feb.,
’85 162
5
7
6
7
4
7
April 1/85 245
April, '93 112
Fob., ’85 140
July, ’94*111
Jan.,
’85)181
1910
105
May,
’88:105
Nov., ’84 250
July,
Feb.,
Jan.,
Feb.,
May,
’90
’85
’90
’85
’93
110
290
111
193
112
167
1121*
123
137
116
193
116*2
105
265
108
255
117
150
113*2
185
105*2
106
305
115
300
113
205
114
Eastou&Amb’y—5s, 1920
107*2 El.&Wmsp’t-l8t,6s, 1910
5s, perpetual
10334 Harnsb’g—1 st. 6s, 1883..
107*2 H.&B.T.—1st, 7s, g., 1896
473*
Cons. 5s, 1895
11*4 rthaca&Ath.—1st, gld.,7s
85 34 Leli.V.—lst,6s,C.&R./98
2d, 7s, reg., 1910
110
Cons. 6s, C.& It., 1923..
119
N. O. Pac.—1st. 6s, 1920.
81
No. Penn.—2d, 7s, cp. ’96.
Gen., 7s, 1903
Debent ure 6s, reg
Norfolk* West.—Gen.,6s
119
N. R. Div., 1st, 6s.l932
N. Y. Phil.* Nor.—1st, 6s
**95 **
Inc., 6s, 1933
Oil City* Chic.—1st, 6s..
68*2 Oil Creek—1st, 6s, coup..
7
7*4 Pennsylv.—Gen., 6s, reg.
172*2. 173*2
Gen., 6s, cp., 1910
109*v no
Cons., 6s, reg., 1905
17178 172
Cons., 6s, coup., 1905...
174*8
Cons., 5s, reg., 1919
105
Pa, & N. Y. C.—7s, 1896.
70
7,1906
Atlantic & Pacific
Boston & Albany
Boston & Lowell
Boston & Maine
Boston & Providence....
Boston Revere B. & Lynn
Cambridge
Cheshire,
-----
Cam. & Burl. Co.—6s,’97.
Catawissa—1st, 7s, con. c.
Chat. M., 10s, 1888
New 7s, reg. & coup
Conneet’g 6s, cp., 1900-04
Cor.C’owan& Ant.,deb. 6s,
Delaware- 6s, rg.& cp.,V.
Del. & Bound Br.—1st, 7s
East Penn.—1st, 7s, 1888
tD X ef
preferred
Chic. & West Michigan..
Cinn. Sandusky & Cleve.
Concord
$167
Connecticut River
Conn..& Passumpsie
°8
Conuotton Valley
Det. Lansing & No., pref.
*ri*4
Perkiomen—1 st. 6s,cp.’87
Phil. &Erie—1 st,7s,cp.’88
Cons., 6s, 1920
Cons., 5s, 1920
Phila. Newt. & N.Y.—1st
76*2 Phil, ft R.—1st, 6s, 1910..
2d, 7s, coup., 1893
Cons., 7s, reg., 1911
48
467a
Eastern, Mass
JQoiis., 7s, coup., 1911 ..
Fitchburg
lib3* 117
Cons., 6s, g., 1.R.C.1911
Flint & Pere Marquette.
14-2
Imp., 6s, g., coup., 1897
Preferred..
Gen., 6s, g., coup., 1908
g"
Fort Scott & Gulf
89
Gen., 7s, coup., 1908—
Preferred
Income, 7s, coup., 1896
73
Iowa Falls & Sioux City, i * < 0
Cons. 5s, 1st ser.,c.,1922
Kan. C. Clin. & Springf’d
Cons. 5s, 2d ser.,c., 1933
6b
Aek
105*2
110*a
107
108
121
118
120
120
110
114*2
100
101
112
86
127
135*4
124
60
125
126
105
97
97**
$9t>34 100
$40
50
80
128
130
122
106*2 108
124
133
95
112
126
130
105*2
120
117
119
,.
b7
Kan. C. Spvingf. & Mem.
Little Rock & Ft. Smith.
Louisiana & Mo. River..
Preferred
Maine Central
30
So
-----
94*2
$19J4
I
■•••••
283
Portland Saco & Ponsm.
Rut land— Preferred
Summit Branch
Worcester & Nashua
13
10*4
46H
H34
11
H7*
134
35
17*3
1st preferred
2d preferred
Delaware* Bound Brook
East Pennsylvania
Elmira & Williamsport..
Preferred
.'.
55
52
126
50
’
4*6"
54
8
15
58
Huntingd’n & Broad Top
Preferred
Leliigh Valley
Preferred
Little Schuylkill
Mineliill & Scb. Haven...
56
CO
50
Norfolk & West’n—Com.
Preferred
Northern Central
Pennsylvania
Pennsylvania
Philadelphia & Erie
Phila. Ger. & Norristown
Pliila. Newtown & N.Y..
Phila. & Reading
Phila. Wilru. & Balt
Pittsb.Cin.& St. L.—Com.
United N. J. Companies..
Union & Titusv.—1st, 7s.
United N. J.—Cons.6s/94
Cons. 6s, gold, 1901
Cons. 6s, gold, 1908
1909
Penn.—6s, coup.
6s, P. B., 1896
Gen., 7s, coup., 1901
CANAL BONDS.
Ches. & Del.—1st, 6s,1886
Leliigh Nav.—6s,reg.,’84.
7*e
7*4
41
$9
RAILROAD BONDS.
2d, 6s, 1885
3d, 6s, 1887
Gap—1st, 7s, 1893.
1st, 6 s, 1905
Consol., 6s, 1913
Buff. N.Y.& Phil.—1st,6s
2d, 7s, 1908
i'14'
120
100
103*3
109
100
Cons. 6s. 1921
1 Per share.
119
90
1 99
9934 100
07
75
106
35
99V
102
1T»
115*2
114*2
122
113
105
108
108
......
......
**
_T1p
83
107
116*2
......
82
107
83
BALTIMORE.
1st pref
2d pref
50
50
50
Atlanta & Cliarl.—1st
Inc
Ohio.—6s, lst,M.&S.
Chari. Col. & Aug.—1st..
40
Inc. 7s, end., coup., ’94
Ashtab. & Pittsb.—1st,6s
1st, 6s, reg., 1908
Belvid’e Del.—lst,6s,1902
Pennsylv.—6s, cp., 1910..
Schuylk. Nav.—1st,6s,rg.
2d, 6s, reg., 1907
Cen.
192
35*
124*4
\ Western Maryland ....50
110*2
RAILROAD BONDS.
CANAL STOCKS.
Allegh. Val.—7 3-10s, ’96
7s, E. ext., 1910
..
Balt.&Oliio—6s,,’85 A.&O
Jersey
West Jersey & Atlantic..
.
Mort. KR., reg., 1897
Cons., 7s, reg., 1911
18
West
Lehigh Navigation
Pennsylvania
Schuylkill Nav., pref...
Cons. 6s,
Parkersburg Br
64*3 Central Ohio—Com
54 *4
Pref
Westchester—Cons. pref.
Ex-dividend.
Consol., 6s, 1905
56\j RAILR’D STOCKS. Par
Atlanta & Charlotte...
Baltimore & Ohio
100
59
64
53 7e
18
North
*
Tex. & Pac.—1st, 6s,1905
Western
.
96
Gen’l
W.Jersey&Atl.—1st, 6s, C.
Catawissa
83
ShamokiuV. & Potts.—vs
Sheu. Val.—1st, 7s, 1909
1st, 7s, 1899
l*s
Buffalo N.Y. & Phil
Preferred
Camden & Atlantic
Bell’s
25
Gen., 4s, told, 1923
Preferred
Bell’s Gap
Preferred
20
Bs
-4s.tr.ct
Phil.'Wil.ft Balt,
Pitts. Ciu. &St.L.—7s—
Pitts. Titus. & B.—7s,cp.
7e
38
30
19
38
Scrip, 1882
Conv., 7s, R. C., 1393..*
Conv. 7s, cp.off, Jan.,’85
Warren & F.—1st, 7s, ’90
West Chester—Cons. 7s..
W. J ersey—1st, 6s, cp.,’96
Allegheny Valley
Ashtabula & Pittsburg.
72
$81
Conv. AilJ. Scrip, ’85-88
Debenture coup., 1893}
6s, 1921...
Income, 6s, 1923
Income, 5s, 1914
Sunbury & Erie—1st, 7s.
Sunb. llaz. & W.—1st, 5s
2d, 6s,1938
19*2 Syr.Gen.& Corn.—1st, 7s.
PHILADELPHIA.
Nesquelioniug Valley....
25 *2
This column snows last dividend on stocks, but date of maturity of bonds.
$18“
Income
Old Colony—7s
RAILROAD STOCKS; f
1,000
Consol, mort. bonds
£2d & Gr’rd St.F’ry—Stk
10934
118J4
Ogdensb.& L.Cb.—Con.6s
133
85
110
85
3
|* 1902
il 10
2 V Jan.10/85|125
3
1902
(
|103
1.000,000, Var’s 2 Jan. 1,’85 120
700,000 MAN. 2 V Nov. 1/84 93
1,000,0001J. & J. 1 *2 Mchl5,’85 80
400.000 M.&N. 3 Si Nov. 1,’84! 105
100,000 J. & J. 3 (Oct. 1, ’84j 98
250,000
1.800,000
1,000 1,200,000
100
Ohrist’pb’r&lOth St—Stk
650,000
Bonds
1,000
250,000
100 1,200,000
DryDk.E.B.& Bat’y—Stk
500&C.
900,000
lstmort., consol
100 1,200,000
Bcrip
100
1,000,000
Eighth Av.—Stock
100 1,000,600
Scrip
Cent.Pk.N.ft E.Riv.-Stk
11
80*2
Pac.—7s
131
83
..
Bushw’kAv. (Bkln)—St’k
Central Crosstown—Stk.
*47**4
7s
Wisconsin Central
Preferred
2,100,000 Q.-J. 2 April 1,’85 169
1st mort
Juue.lyOl |104
1,000 1,500,000 J. & D, o
10 2,000,000 Q.—F. 3*2 Feb.,
'851216
Brooklyn City—Stock
1st mort
Jan., 1902 |10S
1,000
800,000 J. & J. 5
4
100
Bklyn. Crosstown—Stock
200,000 A. &0.
April 1/85 168
1st mort. bonds
103*2
102
Ask.
[Quotations by H. L. Grant, Broker, 145 Broadway.]
Br’dway & 7tli A v.—St’k.
120
England—6s
Bid.
1,000,000) Quar.
1,000
Bl’cker St.& Fult.F.—Stk
lstmort
11734
Fort Scott & Gulf—7s....
K. City Lawr. & So,—6s..
K. City St. Jo. & C. B.—7s
Little R. & Ft. S.—7s, 1st
K. City Su’d & Mem.—6s
Mexican Central—7s...
Income
N. Mexico & So.
117
119*2
Ogdensb. & L. Champlain
Bonds.
2Si Jan.20,’85 135
Bonus
Equitable
107
87
Mass.—6s, new..
N. Y. & N.
Buff. N. Y. & P.—(Cout’d)—
1st, Tr. 6s, 1922
Buff.Pitts.& W.—Gen.,6s
Cam. & Ambov—6s, e.,’89
Atl.—1st,7s,g.,’93
2d, 6s, 1904
Cons., 6 p. c
Conn. & Passnmpsic—7s.
Connotton Valley —6s —
6s
Scrip
Bid.
Mort., 6s, 1889
Nebraska, 6s.--Exempt;
Nebraska, 6s.Non-ex’pt
Nebraska, 4s
East’rn,
SECURITIES.
Cam. &
,
©
Brooklyn Gas-Light
Gas-L.(Bklyn)
Boston & Maine—7s
Boston & Albany—7s
6s
Boston & Lowell—7s
6s
-•
Boston & Providence—7s
Burl. & Mo.—Ld. gr., 7s
Mexican Central
i
1034 II
Nashua & Lowell
163*
N. Y. & New England ...
163g, 16*2
Northern of N. Hampsh. 122
160
Norwich & Worcester.
152 *2 153
Old Colonv
9
8*a
[Gas Quotations by Geo. H. Prentiss & Co., Brokers, 49 Wall Street.]
Citizens’
Topeka—1st, 7s. $121*2 122*2
Land grant, 7 s
Metropolitan
155
City Railroad
GAS COMPANIES.
BOSTON.
Preferred
*98*2
Ask.
Atch. &
Marq. Hough t’n& Onton.
100
Gas and
Bid.
SECURITIES.
[Prices by E. S. Bailey, 7 Pine St.]
PRICE.
COMPANIES.
Boston, Philadelphia and Baltimore,
ns in
Insurance Stock List.
Bank Stock List.
389
2d
Cin. Wash. & Balt.—lsts.
2ds
3ds
Columbia* Greenv.—lsts
2ds
No.Central—6s, ’85, J.&J
6s, 1900, A. & O
6s, gold. 1900, J.&J
5s, Series A
5s, Series B
Pittsb.&Con’ells.—7sJ&J
Union RR.—lst.gua.J&J
175
08
180
125
117
48*2
55
14
13*8
111
85
103
106
111*2
86
•
•
••••
107
107*2
99 34 100
68 *s
59*
29
2d\
96*2 90 7a
72*2 75
101*2 101*4
119*2
119
116
104
103
121*2 123
115
Canton endorsed
Virginia & Tenn.—5s
—
125
2d, guar., J. & J
2d, guar, by W.Co.,J.&J.
6s, 3d, guar., J. & J
Wilm. C. & Aug.—6s
Wll. & Weutou—Gold, 7s.
t In default.
125*2
100
W.Md.—6s,* 1st* *g“J.ftJ.
111
11978
$ Last price this week.
THE CHRONICLE.
390
RAILROAD
EARNINOS
The latest railroad earnings and the totals from
latest date are given below. The statement includes
Jan. 1 to
the gross
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
week
earnings of all railroads from which returns can be obtained.
The columns under the heading “January 1 to latest date”
furnish the gross earnings from January 1 to, and including,
the period mentioned in the second column.
KL.RCkFAt
Latest
Jan. 1 to Latest Rate.
Earnings Reported.
WcekorMo
$
203,211
74,002!
$
Central Pacific..
Chesap. & Ohio.
Eliz.Lex.&B.S
Ches. O. & S. W.
February
2d
2d
2d
3d
wk
wk
wk
wk
89,276
98,430
Ala. Gt. South’n February .
Boat H. T. & W. 2 wksMch.
Bur.Ced.R.A No. 2d wk Mch
Canadian Pacific 3d wk Mch
Central Iowa— 2d wk Mch
92.000
14,378
50,591
62,000
29,657
23.390
236.375
1,397.000 1,402,571
72.525
7 2,683
2,967,756
659,946
12,305
26,162
167.892
1,648.220
26,934
422,055
407.200
88,000
28,408
46,319
130,726
18,937
G4,258
.
Mch
Mch
Mch
Mch
14,239
29,601
159,458
Chicago & Alton
1,992,484
Chic. Burl. A Q. January
Chic. & East Ill 2d wk Mch
34,955
470,000
Chic. Mil.A St.P. 3d wk Mcli
439,100
Chic. & Northw. 3d wk Mch
99,000
Ch.St P.Min.&O. 2d wk Mch
26,910
Chic. & W. Mich 2d wk Mch
49 364
Cin.Ind.St.L.&C 3d wk Mch
..
Cin. N. O. & T. P.
Cin.Wash.&Balt.
Clev. Akron & Col
Clev.Col.C.A Ind
Connotton Val..
Danbury & Nor.
Denv. A Rio Gr.
Denv. & R. G. W
Des Mo. & Ft. D.
February
2d wk Mch
.
2d
w
k Mch
January
.
February.
January
2d wk Mch
.
February
196,098
36,454
9,522
256,093
160.134
22,101
14,161
19,620
12,196
114,452
90,145
44,194
7,356
25,959
58,985
.
2d wk Mcli
Det.Lans’g&No. 3d wk Mch
Dub.A8ioux( ity 2d wk Mch
7,504
20.661
18,900
311,894
14,3^8
E.Tenn.Va.&Ga. February..
Evan sv. & T. II. 2d wk Mch
Flint A P. Marq. 2d wk Mcli
R’way A N. 2d wk Mch
Ft.Wortli A Den. February.
Flor.
66,561
253,792
473,098
218.336
101.184
52,081
33.950
11,648
331,297
16,446
13,557
21,366
44,449
146,909
32,374
39,360
50,666
270,650
5,514
49,540
33,642
417,055
44,449
32,374
391,756
39.828
50,666
3,127,209
2,865,268
47,776
49,617
536,832
268,520
101,470
213,160
236,193
340.511
397,487
210,495
39,155
.
52,966
845,954
266,979
113,380
215,005
257,514
365,455
359,905
117,699
178,164
63S,380
125.335
54.820
254,134
3,609,200
67,716
263,373
2,073,260
331,714
526,223
402,488
145,030
134,000
1,272,331
..
..
230,420
793,265
243,046
121,369
128.195
543,332
142,563
808,459
1,123,144
1,134,188
..
68,505
64,140
98,361
26,252
339,049
104,955
27,919
398,613
520,085
9,147
55,200
February..
February
569,562
21,206
78,176
43,540
233,124
.
2d wk Mch
3d wk Feb.
February
.
28,122
263,38 i
Oregon Imp. Co. January...
Pennsylvania... February.. 3,075,700 3,426,733
14.390
Peoria Dec.AEv. 3d wk Mcli
13,500
222.017
..
216.200
Jauuary... 1,846,366 2.195,800
844.789
97h,o:o
January
..
February
309.890
.
Februar3r.
February
Georgia Pac... February
Ya. Midland.. February
West. No. Car. February
Roch. A Pittsb’g 3d wk Mch
Rome Wat. A Og. Jauuary...
St.Johns. A L. C. January...
.
.
.
.
St.L. Alton AT. II. 2d wk Mch
Do (Branches) 2d wk Mch
St. L. F. S. A W. 3d wk Mch
St.L.A San Iran. 3d wk Mcli
St. Paul A Dul’th 2d wk Mch
St.P.Min.A Man. February
South Carolina.. January...
Texas A N. O
January...
Tex. A St. Louis. 2d wk Mch
Tol.A.A. AN.M. February
.
81,093
70.311
52.694
97,905
33,016
20,045
114,395
333,755
82,931
7 4,928
50,252
109,590
35,083
18,273
129,330
139,170
525,690
110,673
198,769
188,576
495,125
65,095
263,395
6,353,222 7,000,966
159,095
168,822
222,017
216,200
1,846,366 2,195.800
979.020
814,789;
60J.644
635,543;
148,307
161,5:s7|
142,654;
12^,574
113,222!
96,304
203,909216,705
64,295
67,927!
219,862!
195,506
81,040
12,640
309,701
167,885
17,810
12,640
26,096
15.850
10.654
87,766
30,857
239,908;
13,304
392.248
119,612
65,075
19,316
162,S13i
8.818
99,718;
871,104]
94,579
16,710
407,128
433,615°
546,125
88,649
233,124
114,395!
17,810!
81,040
172,854
858,373
119,612
109,036
927,846
159,866
856,435
118,845
94,986
26,276 I
118.845
94,986
16.467
15,650
13,822
39,700
1,674,949; 1,531,694
75,433
1,674,949
140,375
44.28 4
79.473
17,445
Wab. St. LAP. February
1,104.048 1,285,314
67.18G
West Jersey
56,944
February..,
55,896
2,413,612
127,064
2,536,397
224,618
249,684
...
.
Union Pacific... January
Utah Central... February..
..
Vicksb’g A Mer. February
Vicksb.Sh.APac. February
.
.
55,306
36,193
25,995
.
....
Wisconsin CentT 1st wkMch i
24.798
27,169
65,075
198,445
152.084
29,592
1,531,694
150,716
87,607
29,928
136.486
Not including earnings of New York Penn. A Ohio road.
*Not including the first; six days of January, preceding time
Receiver took possession.
Sovereigns
Napoleons
$4 84
®$4 87
when
gold for various coins:
Silver ksand %is.
Five francs
—
99%®
par.
® — 94
83% a> — 84hj
— 8 3%® —
—
— 76%® —
—
Bpan’hDoubloons. 15 55
Idex. Doubloons.. 15 55
English silver.... 4 78 ® 4 84
Jme silver bars
1 C678a 1 0730 U. S. trade dollars
84®— —
Fine gold bars....
pard 4* prem U. S. silver dollars — 99%® par.
Dimes A ^ dimes. — 99\® par
3 85
Xx Reichmarks. 4 74
X Guilders
3 96
3 90
4 78
400
®15 75
®15 65
®
®
221,400
999.700
Pacific
Mexican dollars..
Do unooinmercT.
Peruvian soles....
—
—
92
Republic
...
701.500
157,900
3,166,600
545,000
7,290,200
3,660.300
1,093.500
2,356,000
2,701,100
2,157,100
Irving
Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather..
Coru Exchange ...
468,000
1,839,400
17,062.100
1,592,000
1,068,600
13.273.200
7,323,000
2,427,000
North River
East River
Fourth National..
Central National..
Second National..
Ninth National...
First- National....
Third National...
N.Y. Nat. Exch..
.
1,425,600
349,100
982,700
232,300
408,800
392.500
138.700
493,000
424,500
433,400
370,400
270,500
124,00(1
132,300
227,000
352,000
701,400
1,556,000
191,400
6.823.700
6,709,800
40,000
254,700
7,086,700
4,214,600
Park
1,311,000
661,900
340,600
677,000
620.100
3,074.000
4,906,300
Importers’A Trad.
144,000
200,900
89,400
340,900
477,600
2,887,000
1,836,300
Continental
Oriental
147,100
128,400
5,377,000
17,645,300 5,385,000
752,600
5.809,400
6,227,600 .1,817,100
2,501,800
193,800
5,131.300 2,118,900
199,000
289.200
251,500
419.300
1.642.700
Fifth Avenue
G erman Exch’nge.
Germania
1.936.400
2.714.900
2,547.800
2,696,500
1.721.400
1,833,600
670.300
143,000
179.300
455.000
190,000
462.800
144.800
B’k of the Metrop..
2.934.900
following
1895.
Mar. 7
“
14
“
21
107,800
191,600
126,900
242,300
115.100
679,900
1,100
16,830,500
.
85,700
1,795,100
1,547.300
19,4 52,000
3.008,500
3,838,800
1,833,800
1,075,000
1,001.900
2,316,200
294.300
600,800
181,200
...,
2,600
500.100
42,500
1,133,700
3.997,300
14,249,000
15,673,200
4,300,200
........
756,800
887,400
7,290,800
2,549.700
808,400
6,003,800
423,000
45,000
5,400
4,041.400
1,685,500
3,737.300
9,456,000
3,101,000
3.192,700
2,699,900
2,560,700
1,784,700
3,301,000
4,207,600
5,809,000
........
360,000
279,300
270,000
429,400
....-.»
418,300
^
103,500
384,100
5,6*00
180,000
8,898,000
297,000
2,857,000
5.352.700
19,742,100
449,000
5.651.700
1.326.200
1.990.400
2,4 52.900
2.515.600
4,291,800
3,103.500
2,308,100
2.113.600
2.551.400
1.963.300
967,700
1.247.300
3.877.200
39.400
45,000
179,800
221,000
180,000
45*6*00
180,odo
43,000
179,000
135,000
301,371,400 104626200 31,870,700 354,294,200 10,977,600
Total
The
180,600
3,100
54
1,540,000
1,043,600
1,161,100
245,000
22
346,000
355,700
156,000
422,400
122.200
316,000
2.503.400
2,275.000
989,900
45,000
1.305.700
United States
3*54/7 00
1,780,000
1,008.500
17.938.900
1.668.400
Lincoln
Gariield
Filth National....
8,440,900
8.806,000
3,781,100
12,167.800
1,905,100
4,800,200
German-Americ’n.
Chase National...
$
450,000
23.420.900
23.615.900
4.770.700
1.118.400
1.895.700
Bowery
N. Y. County
13,148.000
9,328.000
370,000
1,U38.000
337.300
464.100
tion.
1.229.700
1,415,300
222,000
165.200
1.342,900
2,015,000
557.000
1.209.700
4.806.200
17.366.200
are
totals for several weeks past:
Loans.
Specie.
L. Tenders.
Deposits.
$
$
$
$
Circulation Agg.
Clear1 gs
$
$
302.384.400 103789700 32,027,000 353,726,400 11,086,500 512,245,391
303,821,800 103715700 32,294,400 355.670.200 10,931,100 482,688,774
301.371.400 104626200 31,870,700 354.291.200 10.977,600 428.776.68S
Boston Banks.—Following are the totals of the Boston banks
Loans.
1885.
L, Tenders.
Specie.
Deposits.
Circulation Agg. Clear’gt
*
$
$
Mar. 7
“
14
“
21
$
8,063,900
141.515.200
142,669,900
142.756.200
8,199,100
8,324,500
$
$
$
5,171,100
4,831,200
4,989,400
68,992,403
61,607,114
95,275,800 22,549,300
98,012,409 22.513.200
99,633,100 22.432,900
56,630,672
Philadelphia Banks.—The totals of the Philadelphia banks
are as
follows:
1885.
“
*
Lawful Money.
Deposits.*
$
$
$
7
Unlisted Securities.—Following
week
are
Circulation. Agg. Clear7g»
$
26,412,336
73,224,273
73,389,609
14
26,449.413
74,354,483
74,355,491
21
73,587.796
25,634,003
74.282,240
Including the item “due to other banks.”
Mar.
“
Loans.
$
42,042,465
40,319,799
42,547,084
7,697,789
7.623,223
7,683,725
latest quotations for a
past:
Bid.
Securities.
n
Atlantic A Pac.—Stock....
1
West. Div., 1st mort
Incomes
Cent. Div., 1st, old
Cent. Div., 1st, new
Incomes
Gen. mort
Boat. H. A E.—New stock
Old
Boat, H.T.A West.—St’k.
Debentures
Buff N Y. A Plnla
Trust bonds, 6s
.
G
Georgia Pac.—Stock
1st mort., 6s
14%!
70
55
6
75
60
9
.....
6
45
35
37^
50
9
94 hi
2d mort
TTp^ly Motor.
Mexican National
Pref
1st mort
M.K. AT.—Income scrip..
N. Y. M. Un. Tel.—Stock.
N. Y. W. Sh. A B.- Stock.
7*J|
73
141*
18
D. A
f
70
Commercial Tel.Co.—Pref 101 *a
Continental Const. Imp. Co ll^j
42
Denv. A Rio Grande—cons
Den. R. G. A W., 1st M.,
Guar, by
R.
Edison Electric Light....
A sk.
14^1
Accumul. land grant
Bauk.AMercli.TeI., 1st M.
5s
a
Coins.- -The following are quotations in
1,156,500
504.400
3,469,200
13,523.000
Mercantile
74.893
1,050,474
389,660
2 wks Mch
2 wksMch.
Phiia. A Reading
Do
C. A Iron
Richm’d ADanv.
Ch. Col. A Aug
ColumbiaAGr.
68,536
2,224.657
62,980
February
January... 1,050,474 1.272,331
433,645
389,660
January
230,420
243,046
January
121,369
128,330
January
Phila. A Erie— Jauuary
12,196
912.606
511,843
464,822
174,919
7 63,600
Peoples’
114,706
46,183
23,4001
2.693.500
North America
Hanover
275,220
127.438
163,774
1,101.400
6,933.000
272,343
42,313
14,161
124.000
1,015,800
14,811,400
2,757,700
4,929.000
1,709,200
1,005,000
971,300
Broadway
193,600
453.300
84,000
373,^00
81,626
37,423
10,742
25,470
109,591
161,283
Fulton
Chemical
Merchants’ Exch.
Gallatin National..
Butchers’ A Drov..
Mechanics’ A Tr..
Greenwich
Leather Manuf’rs.
Seventh Ward....
State of N. Y
Americ’n Exch’ge.
Commerce
448.000
1,921,400
1,154.000
1,212,100
6,674,000 11,233.300
Circula¬
other
than U. S.
$
1,608,000
1,145 300
104,700
1,360,000
87,000
178,400
1,189,400
795,400
636,400
2,061,800
256,093
42,272
181,434
135.928
647.000
1,498.800
47,237
211,097
3,219,693
52,251
280,615
4,637
84.800
138,656
11,875!
2,509,000
Tradesmen’s
Net Deposits
$
10,171,000
8,570.000
6,784.800
7,872,000
4.107.000
3,705,800
27,014
254.134
312,837
6,685
124,959
228,559
20,244
320.892
$
Chatham
1,010,16S
126,026
Tenders.
3,043.000
2,573,000
1.714,400
2,728,t»00
1,218,000
4,420,800
11,578,000
342,943
339,8*5
78.372
386,485
N.Y.Susq.AWest February..
Norfolk A West.
Shenandoah V.
Northern CentT.
Northern Pacific
Ohio Central....
Ohio A Miss
Ohio Southern..
273.581
131,961
24.335
24,645
52,966
33,642
42,580
39,828
February..
February..
February..
852.606
348,024
221,018
234,300
34.800
123,091
3d wk Mch
3d wk Mch
39,830
8,763
272,343
287,176
3.919,293
4,171.994
16,073
6,69
89,102
Milwaukee A No
Mil.L. Sh.A West
Minn. A St.Louis
Mobile A Ohio..
Nash. Ch. A St.L.
N.O. A Northeast
N.Y.L.Erie&W a
N. Y. Pa. A O.
N.Y. A New Eng.
N. Y. Out, A W.
526.735
397,745
1,618,220
46,806
19,370
2d wk Mch
Ft.Smith January..
L.Rk.M.Riv.A T. January...
3d wk Mcli
Long Island
L’a Western
January...
Louisv. A Nashv. 3dwk Mch
Mar. Hough. AO. 2d wk Mch
Mexican Central 3d wk Mch
Mex. N.. all lines February..
305,238
4,225,00c
4,127,661
829.400
193,083
119.581
233,142
1,752.832
Legal
Specie.
$
City
661,284
261,«43
2,852,356
685,900
36.041
17.770
211,097
262.889
Gulf Col. A 8. Fe February..
111. Cent. (Ill.)... 2d wk Mch
Do
(Iowa) 2d wk Mch
Ind. Bloom. A W. 2 wks Mcli.
S. A Gulf 1st wk Mch
Kan. C. Sp. A M 1st wkMch
Kentucky CentT 2d wk Mch
Lake Erie AW.. 1st wkMcli
2?2,243
1,687,808
1,992,484
Loans and
discounts.
513,123
$
198,975
148,554
*599,220
128,543
Gal.Har.A S.An. January...
Grand Trunk.... Wk Mch.21
Gr.BayW.&St.P.
556,«89i
1,113.341
Average Amount of—
©,
Banks.
177,589
70,180
1884,
1835.
1884.
1883.
ending March 21, 1885:
New York
Manhattan Co
Merchants’
Mechanics’
Union
America
Phenix
Roads.
[VOL. XL.
5
11^
21 34
34
42
Bid.
Securities.
North. Pac.—Div. bonds
North Riv. Cons.—100 p.c
Ohio Cent.—Riv. Div., 1st
Incomes
Pensacola A Atlantic
1st mort
.
78
10
17 >4
1^
70
11*2
17%
2%
3%
65
Pittsburg A Western
1st mort
6a
Postal Telegraph—Stock.
19*
17
1st
*a
%
mort., 6s
5
V Postal Tel. A Cable—stock
6
Rutland RR
10
Southern Tel.—Stock
1st mort
17*3 20
36
State of Tenu.—Set’m’t.os
96
120
Settlement, 6s
14
16
St. Joseph A Western
St. Jo. A Pac., 1st mort.
20
2d mort
110
8
Kans. A Nob., 1st mort. 106
45
46
2d mort
10
39 >a Tex. A Col. Imp.—Ex-bd..
Texas A Pac.—Scrip 1&84.
14
Old scrip
1
95ia
New scrip
43*a Tex. A St. Louis—
23
21
M. A A. Div., 1 st mort..
ia
4
2%
Incomes, ass. pd
27
13
6s, 1st mort., in Texas..
22
6
Gen. lst,ld.gr.Ainc.a?.p.
1 hi
3
38
Vicksburg A Meridian...
90
55
1st mort
50
2d mort
3Vj
95
7
♦
-p
•mmmmrn
THE CHRONICLE,
1885.]
March 28,
% ti xr
ts
ciencies and open book entries of the last and all
preceding
years since the consolidation of 1880, as well as the dividend
1 m jewt
AND
'
391
paid April 1, 1884, of 1’75 per cent.
“The accumulated deficiencies, open accounts and
disputed
£1 a i 1 r xr a xl Intelligence.
credits since the consolidation of 1830 have thus
practically
been charged off against the surplus income of 1884, which has
The Investors’ Supplement contains a complete exhibit of the
sufficed to meet them all, after paying a dividend of 1-75
per
Funded Debt of States and Cities and of the Stocks and Bonds
and yet leave a balance of$l,033.444 94, equal to 1-7 per
of Railroads and other Companies. It is published on the cent,
cent on the company’s capital stock, to be added to the accu¬
last Saturday of every other month—viz., February, April,
mulated income account of previous years. It is believed that
June, August, October and December, and is furnished with¬
all open or suspended accounts have now been closed and
out extra charge to all regular subscribers of the Chronicle.
charged
off, and the books represent, as nearly as possible
Extra copies are sold to subscribers of the Chronicle at 50
with so large a concern, the exact condition of the com¬
cents each, and to others than subscribers at $1 per copy.
pany’s property. Full details as to all amounts charged off
are given in the annual
report. They include the sum dis¬
ANNUAL REPORTS.
allowed by the Court of Claims on the company’s charge for
carrying the mails since the consolidation of 1880, the decrease
Union Pacific Railway Company. in value of material on hand, and such book
charges as are
unavoidable in the accounts of large corporations covering a
(For the year ending December 31, 1884.)
Comments upon President Adams’ annual report will be series of years. There is nothing about them calculated to
found in the editorial columns of the Chronicle, and the excite unusual comment.”
result of the annual meeting and the accounts with the
The. net floating debt of the company, as appeared by the
table in the Chronicle of March 8, 1884, was $3,4S2,655on the
Government on a following page.
The complete annual report will be ready in a few weeks ; 31st of December, 1883. During the first six months ofithe year it
from the summary presented at the annual meeting the had increased by the sum of $3,417,521 to $6,900,177.
During
the last half it was decreased to $3,237,696.
abstract below has been compiled.
“The litigation between the company and the Government,
The results of the last six months of the year 1884, as com¬
out of the Thurman Act, was brought to a close, so
pared with the first six months, are very striking ; for although growing
far
as the case pending in the Court of Claims was
it is well known^tliat the last half of the calendar year, with
concerned,
all the northern railroads, is much better than the first half, early in January, 1885, while the report was in preparation,
still the Union Pacific exhibit of a surplus over all charges of though not within the year covered by it.
Of the two claims
advanced by the company, and at issue in the case, one, that
$3,346,099 for the six months ending December 31, against a
net deficit of $383,614 in the six months ending June 30, is relating to net earnings, was decided in its favor; while the
other, that relating to the compensation to be paid for postal
so remarkable as to be
unique among recent railroad returns.
As a net result, under the
The report says : “It is necessary to bear in mind that the service, was decided against it.
various measures of economy, which had been matured and ruling of the Court of Claims, the United States Commissioner
entered upon during the first half of the year, did not produce of Railroads finds that the company was indebted to the
their effect until the second half.
Before the close of the first Government, to December 31, 1883, in the sum of $916,704.
half also, the work of construction then going on had been This judgment, together with the Government requirements
for the year 1884 under the Thurman Act, the company is pre¬
practically brought to a close. The better financial results of
the last six months, therefore, were largely due to causes pared to discharge as soon as the exact amount can be stated.
which originated in the previous six months, but which It will be between $350,000 and $920,000, and the necessary
fnnds to meet either amount are now on deposit with a trust
developed their effects at a later period. The following is a
condensed statement of the financial results of the year 1884 company.”
The land sales of the company during the year, after de-<
as compared with those of the
year 1883 :
ducting
sales canceled, were as follows :
INCOME ACCOUNT IN 1883 AND 1884.
1884.
1883.
Earnings (excluding St. Joseph «te Western)
and income from investments
Expenses and taxes (excluding St. Joseph
& Western)
Income
over
expenses and taxes
Expenditures: Interest, discount, losses
securities, sinking fund, &c
$26,205,071
$29,341,010
15,113.053
15,899,401
$11,092,018
$13,441,603
7,591,837
7,031,526
$3,500,180
$6,410,082
1,869,958
on
Surplus income
United States requirements
1 ,L87,110
TJnion
/
A
Twelve months 1883....
805,633
Twelvemonths 1884
4,321,042
Increase 1884
Pacific
/-Kansas
^
A twrk'}it
/»>*/>Q
A
$2,436,767
6,517,773
218,185
452,566
1,917.876
$4,0S1,005
234,380
$952,319
3,515,209
Total
surplus income
Dividends declared
Balance of income
$2,313,070
$4,540,124
649,415
616,700
$2,962,485
1,065,197
$5,156,824
4,260,788
$1,897,268
$696,036
Kansas
31, 1883,
were as
follows
During the past year there have been expenses and loss in
receipts not likely to occur again, as follows:
“(1) An increase in taxes of $245,753, due to a law of
Nebraska, which took effect in 1884, requiring taxes assessed
for each year to be paid within the year, instead of during the
six months following as had theretofore been customary.
Accordingly, a portion of the taxes for the year 1883, as well
as the whole of the taxes for the year 1884, had to be
paid
during the last-named year.
“(2) Owing to the litigation in which the St. Joseph &
Western Railroad has been involved during the past year, the
tolls due from it to the St, Joseph Bridge Building Company
have not been paid, though they soon will be. These tolls are
properly a receipt of the system, as the stock and bonds of the
bridge., company are all owned by the Union Pacific. The
from this
If these two items
revenue
31, 1884.
are
All this work has been done within the last
a result, various accounts, which are
specified
and explained in the detailed report, have, by order of the
directors, been closed and charged off, or reduced. The aggre¬
gate of corrections thus made ($1,605,896 28) has been deducted
from the accumulated income account.
“This account, as appeared in the last annual report of the
company, aggregated $8,255,121 21 on the 31st of December,
1883. It has now been increased by the surplus income of
$2,639,341 22 for the year 1884, so that it would have amounted
to $10,894,462 43 on Dec.. 31, 1884. Against this has been
charged the aggregate of corrections ($1,605,896 28), leaving
as the balance for Dec. 31, 1884, $9,288,566 15, or an increase
of $1,033,444 94 for the year, after charging off all losses, defi-
As
Ine
6 587,297
Ino
84,173,285
33,539,512
Interest accrued not yet due
Income accounts—
General income
$9,288,566
Inc’me used for sink.fds.
2,383,028
Land and trust income..
14,180,741
or
dec.
1883
$159,000
.
.
Deo.
Inc
Floating debt
.
492,04.7
333,047
2,012,370
Inc.
555,673
15,324,738 Inc.
3,337,696 Dec.
788,670 Dec.
1,456,697
Ire
Inc
Inc
.
244.959
7,243
1,033.444
.
591,540
.
8,466,052
$25,852,336
$10,091,037
1,451,215
888,904
re-
quirem’nta as compar’d
with accrued interest
on U. S. bonds, Feb.
1,
1880, to date
24,401,121
would have amounted to $101,865.
added to the surplus for 1884, as given
company, thorough inventories of supplies on hand ancTequipment have been taken, and its books have been subjected to
six months.
$60,868,500
U. S. 6 p. c. currency bonds
Int. accr’d on U. S. bds. $34,105,739
Less amounts repaid by
the company
18,781,001
Less deficit of U. 8.
Inc.
from
$90,760,582
source
above ’ ($2,962,485 -j- $245,753 -{- $101,865), the aggregate will
be $3,310,104, which is, as nearly as can be stated, the actual
surplus income of the company for the year. It represents
5*4 per cent on the company’s stock.
“With a view to ascertaining the actual condition of the
rigid scrutiny.
Funded debt
Less amount held in the
Kan. J?ac. eon. trust...
1884a
Dec,
:
COMPARATIVE DALANCE SHEET DEC.
Capital stock
“
$965,556
The balance sheet for the year ending December 31,
and the increase or decrease in the item3 compared with
Liabilities.
Balance
Add:
Received from
trustees
Pacific consolidated mortgage
Pacific-\
A mount.
cres.
$222,333,523
A ssat s
$9,202,133
Inc. $10,073,579
•
Cost of r’d and fixtures. .$154,959,896
Con6truc’n expdrs. since
consolidation
Inc.
Inc.
$1,288,490
1,746,048
Inc
2,212,662
Inc.
77,924
Inc.
$1,526,967
.
160,552
Equipment expenditures
since consolidation....
$158,918,607
Investments —
Bonds and stks. of other
railroad companies....
Various other bonds and
stocks
Bonds and stocks held in
the Kan. Pac. con tr
Misccl. investments
.
.
$36,746,790
Inc
752,534
Inc
3,215,200
Inc
Inc
020,639
.
.
3,732,782.
98.716
4,259
.
.
337,496
Advances
to auxiliary
companies payable in
bonds andstocks
4,797,935
Denver extension bds. held in s f—
Fuel, material and stores on hand....
Land contracts, land cash, etc
Total
*
46,133,101
407,600
1,220,612
15,654,202
$222,333,523
Net increase after deducting items of decrease.
Dec.
847,77$
Inc.
Inc.
Dec.
Ino
$3,325,465
.
Inc
11
sooo
1,336,952
6,440,099
.'’$10,073,57$
THE CHRONICLE
892
[Vol. XL.
1884.
1883.
1882.
1881.
Cincinnati & Indianapolis Railway.
Disbursements—
$
$
$
$
Interest on debt
475,218
498,615
507,453
002,540
(For the year ending December 31, 1884.)
Taxes
112,088
121,276
125,144
119,104
The annual report for 1884 remarks : “ The year has been Dividends
(2) 299,984
102,633
268
12,313
20,995
marked by great and general depression in all grades of man¬ Miscellaneous....
ufacturing, and the agricultural and mining business of the
Total dishursem’ts.
959.576
588,174
632,204
824,277
853,518
'939,923
530,177
244,521
country as related to this line has, from various causes, been Balance, surplus
weakened and reduced in the amount of its transportation
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1881.
1882.
1884.
1883.
considerably below an average yearly movement. The falling
^
^
^
$
off in gross tonnage is shown to be seven per cent compared
Railroad&equipm’t. 18,493,092 18,808,794 19,191,504 19,450,392
with the previous year, a result which can reasonably be left Real est.&wood lands
22,763
26,038
25,977
21,822
But with the St’ks&bds own’d,cost 2,344,505 1,643.418 1,6-17.915 *1,678,048
to the future for change and improvement.
Advances toCin.&Sp.
1,721,703
2,159;931
2.423,160
2,585,340
tonnage off but seven per cent the gross earnings fall behind
Do
to Ind. A St. L
723,340
833,138
1,095,432
twelve per cent and at this point there arises an anxiety, which Bills Aac’ts receiv’ble 1,221,966
1,476,628
2,490,172 13,521,955
is none the less because circumstances prevent adequate rem¬ Materials, fuel, &c...
183,058
190,522
232,304
182,421
230,789
237,201
hand........
189,384
206,398
edy. Increased business and improved and enlarged facilities Cash
Miscellaneous items.
4,616
4,580
17,949
19,080
for its transportation shall count as nothing to the railway’s
Total assets
24,191,886 25,232,624 27,089.694 28,791,691
prosperity, however prudent and watchful its affairs may be
Liabilities—
$
$
$
$
conducted, so long as the rates of transportation continue to
14,991,700 14,991-,600 14,991,000 14,991,600
be steadily and persistently cut and reduced, falling far below Stock, common
6,365,000
B’nds(seeSuppLEM’T)
6,408,000
7,295,000 8,Q16,000
any figure that could be considered as remunerative, or yielding Bills payable
250,000
400,000
745,000
631,000
539,450
512,674
483,963
532,590
even the cost of service.” *
* “ Sixty-five per cent of the year’s Bills audited
Dividends
21,187
21,139
20,929
freight traffic is through, and it has yielded a receipt of an Miscellaneous
117,450
118,889
122.205
166,030
average gross rate of 0*525 cents per ton-mile.
The local ton¬ Balance to surplus... 1,912,062 2,851,985 3,382,160 3,026,682
nage gross rate corresponds therewith, having fallen to an
Total liabilities... 24,191,886 25,232,624 27,089,694 28,791,691
average of one cent per ton-mile.
The entire freight move¬
ment of about four hundred million tons has yielded an av¬
In 1884 included—Ind. & St. Louis stock, $300,000; second mortgage
erage gross rate of but 0*033 cents per ton-mile, and the av¬ bonds. $458,750; equipment bonds, $218,000; Cin. & Springfield second
erage cost rate is 0*510 cents per ton-mile.
The profit is thus mortgage bonds, $520,600; Dayton & Union stock and bonds, $68,212;
depot (Columbus) stock, $37,29S; Merchants’ Dispatch stock,
0*117 cents per ton-mile.
These rates of freight receipts are Union
$40,100, and a few small items,
at a lower point than has heretofore been reached, and the
t Includes $2,823,585 notes of the Ind. & St. Louis Railroad.
cost rate per ton-mile is nearly at a minimum.” * *
“Right¬
Central Iowa Railway.
fully, competition and protection must be joined to ensure
(For the year ending Dec. 31, 1884.)
stability of the railroad interests of the country with an
The annual report lias not yet been issued.
From figures
adequate enforcement of just rates.
Referring again to the statement of comparative results supplied the Chronicle from the office of the company, the
for the year, the passenger traffic shows an improvement upon following summary of operations and income account for two
the freight, and the volume of the through passenger business years is made up.
1883.
1884.
has been increased, with a slight decrease in the average rate
Gross earniugs
$1,392,587
$1,448,259
compared with that of 1883. The effects of home business Operating expenses and taxes
$862,169
$983,665
depression is the assignable cause of a diminution of the road’s Renewals, &c
57,372
54,794
local passenger business, which in amount falls about nine
$1,038,459
Total expenses
$919,541
per cent below that of the previous year.
$109,800
The operating results of the lines controlled by the com¬ Net earnings
$473,046
Deduct—
pany between Indianapolis and St. Louis have not equaled ex¬ Interest on bonds
$421,795
$331,000
30,600
35,835
pectations.” * * * “ These properties, the Indianapolis & Interest car trusts
14,603
St. Louis, with the St. Louis Alton & Terre Haute roads, have IVfiscellancous
8,870
now been brought with their equipment into standard condi¬
$166,998
Total
$375,705
tion, and the large outlay requisite to their practical recon¬ Balance
Def. $57,198
...Sur. $97,311
struction, which has been made during the past two years, Collections on old accounts
2,514
2,463
substantially completes the work. On account of these prop¬
Sur.$99,804
Net balance
Def, $54,634
erties for the purposes named there has been advanced by this
In addition to the operating expenses, interest charges, &c.,
company during the year the sum of $1,087,293.
To the Cin¬
cinnati & Springfield Railway, to meet a deficit in its opera¬ as above stated, there was expended in 1883 the sum of $140,tions during 1884, and for the expense of some new track and 691 on construction and equipment, and in the year 1884 the
additional land, there has been advanced the sum of $102,- following items.
Cleveland Columbus
on
*
“
“
*
on
has been increased dur¬
The bonded debt of the company
“
by $1,521,000, and now stands at $8,816,000. The
cause for this increase, herein alluded to for the purposes of
securing this company’s ownership and control of the lines
between Indianapolis and St. Louis, and bringing the same
into standard condition for operating, has been fully explained
in the preceding annual report.
This work, which had been
deliberately entered upon during the summer of 1882, is now
substantially ended.”
Comparative statistics for four years, not including Cincin¬
nati & Springfield Division, compiled for the Chronicle, are
ing the
as
year
follows:
HOAD AND
1S81.
391
150
Miles owned
Locomotives
Pass.,mail & exp. cars
Freight cars
Coal and other cars..
93
4,032
1,287
EQUIPMENT.
1882.
391
154
1883.
1884.
391
198
391
160
120
110
3,880
3,947
1,460
1,452
OPERATIONS AND FISCAL RESULTS.
Operations—
1881.
1882.
1883.
Passengers carried...
899,330
1,035,764
976,468
Passenger mileage... 41,689,179 44,759,982 43,548,617
Rate $ pass. 38 mile .
2*159 cts.* 2 235 cts.
2*217 cts.
Freight (tons) moved 2,880,923' 2,755,807
2,527,993
Freight (ton*) mil’ge.480,723,710 447,411,484 408,430,350
0*751 cts.
0 706 cts.
0 671 cts.
Av. rate
ton $ mile
$
$
Earnings—
965,693
1,000,270
899,918
Passenger
3,068,717
3,159,417
3,225,356
Freight
178,697
178,788
165,076
Mail, express, &e.. ..
Total gross
earn’gs.
Operating expenses—
Mamt. of way, &c
Maint. of equipment.
Transport’ll expenses
Miscellaneous
Total
Net earnings
4,290,350
$
4,338,475
600,422
513,478
1,697,346
155,923
678,638
513,999
1,648,685
122,456
2,967,169
1,323,181
2,963,778
1,374,697
$
119
3,799
1,422
Receipts—
Net earnings
Rentals and interest.
Miscellaneous
Total income
1882.
Real estate and right of way
Eastern car trust certificates
Leased rolling stock
Old accounts C. R. R. of Iowa
397,678;27S
0*633 cts.
$
899,435
2,518,873
182,038
4,213,107
$
3,600,346
661,559
611,459
592,227
325
462
.“
$369,408
floating liabilities on Dec. 31,1884
excess of the assets
were $488,532.
Colorado Coal & Iron Company.
(For the year ending December 31, 1884.)
From the annual report of Mr. H. E. Sprague, President,
the following is condensed: “The year 1884 inaugurated a
change of administration in the affairs of your company. The
desire for this change was expressed at the annual meeting of
stockholders, held at Colorado Springs the 8th and 9th days of
April. The total amount of stock represented was 88,40? shares,
of which 57,635 shares were in favor of change.
The very
hopeful statements, as contained in the various annual reports
$
Earn lugs.
INCOME ACCOUNT
Total
Less interest on bonds.
1883.
1884.
$
843,597
86,271
129,497
211,396
32,240
94,305
165,531
13,805
1,441,692
1,572,127
1,489,753
1,068,793
923.011
Totals
2,756,749
$
1,194,725
859.764
Totals in 1833
3,018,332
1,194,725
843,597
$729,331
Coal department
Coke department..
Iron and steel department.
Iron mines department.
Real estate department....
Miscellaneous earnings
Net earnings
Add income from investments
82,822
1,379
60,000
The
431,999
1,649,517
83,006
1,66*2,542
226,732
'.
organization of your company, have failed to
produce the promised results as therein expressed.” * * *
1884.
The following are the earnings and operating expenses for
938,647 the
year ending December 31: '
42,170,010
EARNINGS AND EXPENSES.
2*133 cts.
Net
Gross
2,347,792
$
1,374,697
103,125
$
1,323,181
$80,508
I
Equipment
issued since the
INCOME ACCOUNT.
1881.
Construction
Less
39,567
447
27,532
4,692
10.630
$2,088,900
$1,122,145
$131,191
$313,307
1884. *
interest, discount and exchange
Deficiency
Royalties earned and credited to coal, ooke
capital accounts during the year, included
penses
Earnings.
$60,026
118,949
Loss 63,553
4,692
$131,191
6,753
$^.09,940
$137,944
9,885—
and real estate
in operating ex¬
219,825
$81,880
$54,172
department the earnings are from rentals,
and contain no receipts from sales of real estate; and the ex¬
penses are the general operating expenses, including mainteIn the real estate
March 28,
nance
and repairs of houses, irrigation, etc.
estate
amounted to $12,310.
The sales of real
“The deficit in earnings arises from losses in the iron and
steel department. The embarrassment of the Denver and Rio
Grande Railway, leading to default in the payment of interest
on its bonds, stopped all income from these securities held by
your company, which represented an important item of
revenue in past years.
The strike among the miners during
November and December interfered with the usual receipts
coke.”
gives an account at length of the effects on its
business of the strikes at the company’s mines, and the depres¬
sion in the iron trade, which will be found of much interest to
the stockholders.
from coal and
The report
American Bell
pared with twelve months ending March 1, 1884, together with
the balance sheet on Dec. 31, 1884. The fiscal year has been
changed, and will hereafter end on December 31 instead of
February 28. The following is a comparative statement of
earnings and expenses:
EARNINGS.
1884.
1883-84.
12
10
mos.
Sales of instruments and supplies.
mos.
$1,635,848
.$1,695,678
17,969
5.803
4,837
Royalty from manufacturers
58,109
12,305
11,290
78,059
38,604
.$2,295,594
$2,067,543
$172,909
129,893
$193,553
125,882
24,120
354,856
33,710
business.
Total.
317,887
440,923
45,819
.
3
Commission from telegraph
Interest
EXPENSES.
.
Interest and taxes.
Depreciation..^
124.809
98
325,207
10,000
12,500
Royalty.
$687,378
$1,380,165
348,884
34,918
$820,162
$1,175,431
Balance of income from previous year
168,081
...
91,291
$1,763.96S
$1,734,804
$1,051,179
$1,152,252
288,063
323,653
Extra dividend Dee. 15. 1884.
334,411
348,884
$1,734,804
31, 1884.
$1,763,968
ASSETS AND LIAIilLITIES DEC.
Liabilities.
Assets.
Stocks
Merchandise
$558,319
$9,602,100
Capital stock
Loan of ’82 (conv’tible)
3,600
!
22,125,173
and
ma¬
18.851
chinery
Lines
Bills and accounts
ceivable
Cash and deposits
102,270
re¬
081,493
520,536
Bills and accounts pay¬
able*
Patent account (profit
and loss)
Profit and loss
Reserve
Surplus
Total
*
Of this amount
of some $175,000, and probably
account of the Sonora road.
.$24,006,644
Total
516,935
9,540,120
3,225,478
61,297
$1,057,112
$24,006,644
$288,063 is the dividend payable Jan. 15,1885,rto
stockholders of record Dec. 31,1884.
GENERAL INVESTMENT NEWS.
Atchison Topeka *fc Santa Fe.—The Boston Herald says
that the $5,000,000 6 per cent bonds were placed through
by
a
shrinkage of the loss
on
Philadelphia.—It is reported that
plan of reorganization of the Buffalo New York Sc
Philadelphia Company has been abandoned, and parties inter¬
ested in the road are engaged on a new scheme to meet the
Buffalo New York &
the old
views of the Amsterdam holders.
The new scheme includes
the issue of an income bond, and will probably be more favor¬
able to the stockholders than the other.
Canadian Pacific.—The earnings and expenses for February,
and for the two months from January 1, have been:
February.
.
,
,
Jan. 1 to Feb. 28.
1S85.
*1884
1885
1884
Gross earnings
$400,577
$224,638 $824,341
$499,283
Operating expenses. 334,154
363,965
673,212
765,880
/
Telephone Company.
{March 1 to December 31, 1884.)
The Treasurer’s statement in circular form has been issued
giving the earnings and expenses for ten months in 1884 com¬
Telephones
393
THE CHRONICLE!
1885.]
Net earnings
$66,423
def. $139,327 $151,128
def. $266,597
Central of New
Jersey—Philadelphia & Reading.—It is
not yet known whether the payments due April 1 by the Cen¬
tral of New Jersey will be met by the Philadelphia & Reading
Company. Counsel for the receivers of the Reading Railroad
Company filed a petition in the United States Circuit Court
asking authority to make payments falling due April 1, arising
from the lease of the Jersey Central road.
The petition states
that the Philadelphia Sc Reading would lose valuable rights
and sacrifice collaterals held by Mr. Little unless the payments
are made.
The floating indebtedness of Jersey Central is
stated as about $1,600,000. The amount of interest upon the
consolidated mortgage of the road due by the Jersey Central
April 1 is $262,500, besides interest of $48,000 on miscellaneous
obligations. There also falls due $170,000 of the principal of
car trust certificates, and $170,000 must be paid to preserve the
right to take out xvrits of certiorari before the State Board of
Assessors.
The petition states that the rentals due the Jersey
Central will fully reimburse the money necessary to discharge
the above obligations.
The Jersey Central earnings during
December and January are said to show a gain of $158,000 over
the same months a year ago, and if the coal trade continues
prosperous during the year the net earnings will pay the fixed
charges of the lessors. Judge Butler received the petition,
which was referred to Master Dallas, to hear testimony and
report the facts.
—At a meeting of the directors of the Central of New Jersey
the reply of President Keim to the inquiries about the pay¬
ment of the April interest on the consolidated bonds and of
the unpaid taxes was read.
It was to the effect that the receiv¬
ers had applied to the courts for authority to pay the obliga¬
tions of the lease, and that they hoped to have a favorable
decision before the April interest should be due.
A motion to
enter the letter on the minutes was carried unanimously, and
the previous instructions to the President to recover possession
of the road, under the charge of the court, were renewed.
Chesapeake & Ohio.—At Richmond, Va., March 19, the an¬
nual meeting was held, and President C. P. Huntington sub¬
mitted his annual report, in which he says : “ The gross earn¬
ings for 1884, instead of showing, as we had hoped, a hand¬
increase over 1883, have fallen off about 10 per cent,
and the net earnings nearly 20 per cent.
The precise figures
are as follows : Gross earnings, 1883, $3,906,791 ; 1884, $3,538,605 ; operating expenses, including taxes, for 1883, $2,599,933 ;
for 1884, $2,462,720; earnings over operating expenses for
some
1883, $1,306,858: for 1884, $1,075,884. This shrinkage is only
a slight extent due to the loss of business consequent upon
the stoppage of coal and ore mines, furnaces, saw-mills and
scanty crop exports, but to the fact that rates have been so
low as to leave too small a margin over the cost of conducting
to
the business.”
Chicago & Eastern Illinois.—The gross and net earnings
July 1 have been :
since
Baring Bros, of London, the $5,000,000 including the $2,500,,—Gross Earninas.—,
,—Net Earnings.—
000 taken by Kidder, Peabody Sc Co. about a year ago, as pub¬
1831-5.
1883-4.
1884-5.
1883-4.
lished some months since. The bonds were placed in London July 1 to December 31...$357,742
$871,949
$1<0,0P0
$454,018
127,03 4
125,424
54,(347
51,220
at 107 flat, equal to about 102 and interest here, from which it January
is inferred that the company realized at least par. The new
Total seven months..$984,776
$397,373
$454,737
$505,238
issue—that is, the last $2,500,000—is secured by the following
Chicago Milwaukee & St. Paul.—At the directors’meeting
bonds of branch lines deposited with the Boston Safe Deposit in New
York, March 26, a dividend of
per cent on the
and Trust Company as trustee :
common stock was declared, which, with the
paid last
New Mexico Sc Southern Pacific 2d mortgage 6s
$605,000 October, makes the year’s dividend 5 per cent. The following
New Mexico Railroad 1st mortgage 6s......
440,000
Florence Eldorado Sc Walnut Valley 1st mortgage 7s
Kansas City Emporia Sc Soul hern 2d mortgage 6s
Pueblo & Arkansas Valley 2d mortgage 6s...
Total
The above bonds were issued to pay
the roads named, and instead of being
278,000
130,000
1,300,000
$2,753,000
circular to stockholders
was
issued:
For five successive years this company lias earned and paid to its
stockholders 7 per cent in dividends on both the preferred and common
stock; and the earnings for the year I SSI show net earnings equivalent
to 7 per cent on both class s of the stock, out of •which there lms been
already paid 3*e per cent. It has been the desire oi our company to
continue the same rate or dividends for the future. At a meeting of the
Board of Directors this question was fully considered, and the policy of
reducing the dividend on the common stock to 5 per cent has been
determined on as conservative and judicious, in view of the fact that
the company owes a floating debt of three and one-half million of
dollars, which should either be paid < r otherwise liquidated before a
return to a higher rate of dividend takes pb;ce.
The excellent condition of the property, its low cost, and the growth
and development of the countiy through which the road passes, give
for construction upon
offered directly to the
public, they are made a basis for a loan upon the company’s
own bonds.
The bonds just placed make the total numoer of
collateral 6s outstanding $12,135,000, and increase the interest
charges of the Atchison company by $150,000. The sinking
fund requirements are increased by $25,000, but purchases for
the sinking fund during the year will, in turn, reduce the prin¬
great coriidence to the directors in its future income.
The directors feel the importance of economical and conservative
cipal, and consequently the interest. The purchases on this ac¬
count in 1885 will be $122,000.
In the event of the Atlantic & management, and they hope and believe that the policy now adopted
Pacific failing to earn the interest on the Mojave division bonds will meet the approval of the stockholders.
Ai.ex. Mitchell, President.
this year, the Atchison guarantee will add, say, $163,000, 75 per
James M. Mc.Kinlay, Assistant Secretary.
cent of the full interest, $218,000, to Atchison’s interest charges
Fort Worth & Denver City.—The earnings and expenses for
compared with 1884. The amount is fixed at 75 per cent on February, and for the four months from Nov. 1, have been:
the assumption that three months’ interest on these bonds be¬
February.
/—Nov. 1 to Feb. 28.—»
lcOA-rF.
JL 000”*Jr»
came a charge in 1884.
lo33.
Probably $375,000 will more than
Gross earnings
$24,519
$28,286
$109,104
$130,(97
coyer the added interest obligations of the company in 1885. Operating expenses
57,211
76,476
15,100
21,333
This will be offset in part by a heavy reduction of pool bal¬
Net earnings
ances, which went against the company in 1884 to the amount
$9,419
$6,953
$54,221.
$51,983
,
>
THE CHRONICLE.
T 394
fefe=
[VOL. XL.
---
East Tennessee
/
July 1 to Dec. 31
Northern Central.—The
Virginia & Georgia.—The gross and net
earnings since July 1 have been as
follows:
Gross Earnings.—,
1884-85.
1833-84..
$2,129,343
$2,308,985
January*
2S7,326
317,988
February
311,894
320,392
$2,728,563
$2,947,365
ruary,
Net Earnings.
,
1881-85.
111,878
77,937
Gross earnings
Operating expenses....
mos
$1,139,842 $1,264,795
including tlie first six days in 18S5, during which time the road
operated by receiver.
< Receiver incurred onljT such expenses as were absolutely necessary.
*
,
1884.
1885.
$398,613
$389,049
278,937
$119,676
Jan. 1 to Feb. 28.—s
,
1884.
1885.
•
$793,265
252,230
$808,458
551,991
$136,819
$256,467
$304,551
488,714
114,795
Net earnings
Total 8
February.
/
-
1883-84.
$355,039 $1,072,063
172,925t
earnings and expenses for Feb¬
and from January 1, in 1884 and 1885, have been:
Not
Was not
Georgia State Loan.—On the 15th of April next the State of
Georgia will put upon the market $3,455,000 of five per cent
thirty-year coupon bonds.
Houston & Texas Central.—It is reported that Mr. C. P.
Huntington’s proposition to the holders of Houston & Texas
Central bonds, now under consideration, is to fund the cou¬
pons for two years on all the bonds into five-year debentures
bearing 3 per cent interest, and then scale down the interest
on the first mortgage bonds to 6 per cent, on the second to 4
per cent, on the third to 3 per cent. The bondholders’ com¬
mittee are said to be willing to accept these terms, except that
they insist on five per cent interest on second-mortgage
Pennsylvania Railroad.—The
and net earnings in
specially compiled for
the Chronicle in the tables below.
In February, 1885,
there was a decrease of $351,033 in gross earnings and a
decrease of $294,090 in net, and for the two months a decrease
of $647,744 in gross and $469,652, in net compared with 1884.
On the lines west of Pittsburg the net returns show a decrease
of $40,729 in February, 1885, compared with February, 1884,
and a decrease of $7,593 for the two months in 1885.
February and for two months,
gross
are
LINES EAST OF PITTSBURG AND ERIE.
Gross
1885.
Earnings.
Net Earnings.
,
,
1884.
1885.
,
1884.
January
$3,277,522
February..... 3,075,703
$3,574,233
3,426,733
$990,571
$1,166,136
830,439
1,124,579
Total 2mos..$6,353,222
$7,000,966
$1,821,063
$2,290,715
As to the lines west of
Pittsburg and Erie, the monthly
re¬
bonds.
ports issued in 1884 and for the current year show the results
Memphis & Charleston.—A press dispatch from Memphis,
Ajarch 24, said : “The large New York bondholders of the
Memphis & Charleston Railroad, who hold a large amount of
overdue and unpaid coupons, to-day filed a bill in chancery to
have a Receiver appointed. This method is taken to wrest the
Memphis & Charleston Railroad from the East Tennessee Vir¬
ginia & Georgia Railroad Company, which has a lease of the
below.
The company’s returns, however,
two months in the present year, compared
of $7,929.
former road.”
New York
Chicago & St. Louis.—The stocks and bonds of
this company, better known as the Nickel-Plate, have fallen
heavily this week, and it has been reported that the Lake
Shore & Micliican Southern Company, which owns a majority
Of the stock, would apply for a receiver. Only the interest
on the $4,000,000 equipment bonds falls due April 1, the first
pearly instalment of $400,000 on the principal not being due
till October 1, 1885. The net floating debt on Dec. 31, 1884, as
Bhown in the balance sheet below, appeared to have been
about $2,836,000, and the earnings since then have probably
been small.
The issue of second mortgage bonds is for an
authorized amount of $10,000,000, of which only $1,046,000
appear to have been outstanding on Dec. 31.
GENERAL BALANCE SHEET DECEMBER
31, 1S81.
jA. sssts.
Liabilities.
Cost of road & equip..$70,844,932
Stocks and bonds of
other companies
35,754
Capital stock, conim’n.$28,000,000
Capital stock, pref
22,000.000
Due by companies and
individuals
450,884
Due by agents
Due by others
106,539
311,595
100,787
Funded debt
2 *,046,000
Loans & bills payable.
2,850,000
Interest on fund, debt
due and accrued....
623,140
Due lor wages, sup¬
state a loss for the
with the year 1884,
PITTSBURG & ERIE.
LINES WEST OF
Net Surplus over all Liabilities.
1885.
1884.
January
Def.
$73,420
Def. $106,556
Tnc. 33,136
February
Def.
190,780
Def.
150,051
Dec. 40,729
Total 2 months Def. $264,200
Def. $256,607
Dec. $7,593
—The Pennsylvania Railroad directors have agreed that a
stock vote shall be taken on June 30 on the question of ap¬
proving or disapproving the proposed modification in the trust
fund created in 1878, as suggested in the annual report for
1884, to take effect from January 1, 1885.
Philadelphia & Reading.—Judge Butler, of the United
Philadelphia, informed all the lawyers inter¬
ested in the Reading cases that the several suits must be
pressed or the Court would vacate the receivership of the
Reading Company. The Court has spoken several times about
the delay in P. & R. matters, and Judge McKennan, in Feb¬
ruary, went so far as to say he would allow only sixty days
longer to the managers to perfect their scheme of reorganiza¬
tion. This indicates that the suit of the general mortgage
bondholders will be pressed unless a speedy adjustment of
Reading affairs is made.
Pittsburg & Western.—A dispatch from Pittsburg, M^rch
23, said : “The Mercantile Trust Company, H. W. Ford and
States Court in
Thomas C.
Buckley, all of New York, trustees of mortgages
amounting
to $9,000,000, given by the Pittsburg & Western
plies, &c
617,444 and
Supplies on hand
Pittsburg Bradford & Buffalo railroad companies, made
Cash on hand
30,134 Due companies and in¬
dividuals
Cash remitted by agts
141,303 application before Judge Acheson, in the United States Dis¬
and in transit
51,535
trict Court, this morning, for the appointment of receivers,
Cash with Un.Tr. Co...
$74,277,887 and James
447,070
Callery and John W. Chalfant, of Pittsburg, were
Amount held by equip.
bond trustees
590.237
designated by the court. The proceedings, which were agreed
Due by U. S. P.O. Dcp’t
5,963
to by the stock and bond holders and all persons interested,
Profit & loss (defl’ey).
1,302,457
were for the purpose of preventing the floating debt creditors
from breaking up the roads. The floating debt is $2,000,000,
$74,277,887
and executions for $50,000 have been issued.
A permanent
New York & New England.—The American Loan & Trust master will be
appointed later to take charge and audit the
Company of Boston has issued the following circular to the accounts of the receivers.”
holders of New England car-trust certificates relative to the
Shenandoah Yalley.—An informal meeting of the heaviest
proposition made by the New York & New England Railroad
holders
of the Shenandoah Yalley Railroad bonds was held at
Company: ,
Boston. March 23,1885.
the company’s office in Philadelphia.
The chairman was
Dear Sir : The undersigned Lave been directed by the board of
a committee consisting of three
given
instructions
to
appoint
managers of the New England Car-Trust Association to give you notice
that, unless the exchange heretofore recommended bv them in a circular first mortgage bondholders, three general mort. bondholders,
dated .Tune 27, a copy of which is herewith enclosed, is made on or be¬ the President of the company, Sidney F. Tyler, and himself, to
fore April 6 next, they will deem it their duty to cause the rolling stock
to be taken from the railroad and sold for the benefit of the holders of
certificates.
The present price of railroad rolling stock, especially second-hand, is
now so low that it is feared, if a sale takes place, the amount received
will pay but a limited dividend upon the certificates.
Under these circumstances, it is of the utmost importance that you
finmediately notify the undersigned whether or not you desire to make
the exchange recommended.
American Loan & Trust
Co., Trustee.
By E. H. Baker, President.
New York West Shore & Buffalo.—The Times reports that
sub-committee of five well-known gentlemen were selected
by the Bondholders’ Committee some time ago to perfect a
financial plan which would be, if possible, satisfactory to all
of the varied interests in the West Shore property. The names
Of the five gentlemen were R. G. Rolston, President of the
Farmers’ Loan & Trust Company ; Hugh Riddle, of the Rock
Island Railroad; William Dowd, President of the Bank of
North America; Robert Harris, President of the Northern
Pacific Railroad, and Hugh J. Jewett, late of the Erie Rail¬
a;
way.
Mr. Rolston and Mr. Riddle have declined to serve on
the committee.
Mr. Riddle’s declination, it is stated, was on
account of ill health.
Mr. Rolston’s unwillingness to serve is
said to be due to objections raised by members of the board of
directors of the trust company. It was stated that Mr. Dowd,
Mr. Harris and Mr. Jewett, had agreed to act, but that no
should be adopted to insure
The action was taken with
tion of the company.
The
the interests of the bondholders.
a view to the general reorganiza¬
Huntington Railroads.—The gross and net earnings
January, 1885 and 1884, were as below:-
in the month of
,
January—
Louisiana Western...
Texas & New Orleans
Gal. Harrisb. AS. A..
,
1885.
Gross.
$39,828
63,074
211,096
.
Net.
$20,821
41,365
128,327
,
1884.
Gross.
$50,666
94,986
254,134
Net.
$29,755
57,612
231,124
Wabash St. Lonis & Pacific.—At Keokuk, Iowa, March
20, the trustees of,the first preferred income bonds of the Toledo
Peoria & Western Railroad, which was leased to the Wabash
in 1880, began suit in the United States Circuit Court to fore¬
close.
—A petition was presented to Judge Gresham as* Judge
of the Circuit Court of the United States for the Southern
District of Illinois, by ThomasB. Coulter, of Hansen, Neb., for
leave as trustee to file a bill to foreclose a mortgage made
Dec. 26, 1879, by the Havana Rantoul & Kastern Railroad
-Company, on account of default in payment of interest.
Judge Gresham entered an order calling on the parties
interested to show cause in ten days why leave should not be
given to file a bill for foreclosure, for the appointment of a
had been found to take the places of Messrs. Rolston receiver for the Havana Rantoul & Eastern road, and to
persons
And Riddle.
examine the affairs of the road and determine what course
forfeit the lease to the Wabash road.
March 28,
THE
1885.]
CHRONICLE.
395
3S?
COTTON
%h,z QVcmxnxcrdal jinxes.
Friday, P. M., March 27, 1885.
Crop, as indicated by our telegrams
from the South to-night, is given below. For the week
ending
this evening (March 27), the total receipts have reached
28,810
bales, against 32,885 bales last week, 42,581 bales the previous
week and 56,866 bales three weeks since;
making the total
receipts since the 1st of September, 1884,4,551,176 bales, against
4,582,570 bales for the same period of 1883-84, showing a
decrease since September 1, 1884, of 31,394 bales.
'
EPITOME!
COMMERCIAL
The Movement of the
Friday Night, March 27, 1885.
The weather for the first half of the week under review
was
the most severely wintry that has been experienced so
proving a great obstacle to the
late in March for many years,
progress of seasonable trade, again filling our harbor with ice,
and presaging a late season for sowing and planting in all
latitudes. A material change has, however, since then taken
place, and
as
Receipts at—
Galveston
the week closes the temperature is quite spring¬
of
speculation in food staples, without, however,
stimulating to
great extent the export movement in them.
Political news from Central America continues to promise
important results, possibly involving other Powers in protect¬
ing private and corporate interests.
Labor troubles are not
very prominent at the moment, but there is much discontent
any
and uneasiness.
Lard futures have
Mobile
1,480
53
227
....
Savannah
Brunsw’k, Ac.
Charleston
Pt Royal, Ac.
Wilmington....
Moreh’d C.,Ac
m
231
...
....
•
3,260
•
•
631
25
1,638
12,037
61
291
68*
5S9
589
261
1,896
49
....
....
....
174
333
579
....
....
525
sss
....
m
....
....
.
m
m m m
39
....
462
....
....
1,300
2,827
55 4
30
212
....
184
m m m
Total.
25
•
1,864
3
Fri.
131
633
West Point, Ac
Thiirs.
42
....
m m
2G0
6
Norfolk
m
Wed.
139
....
368
.=•
Florida
Tues.
199
....
New Orleans...
been
Mon.
77
Indianola, Ac.
like, the conditions promising a speedy resumption of planting
operations. The warlike advices from London have caused a
revival
Sat.
9
.
.
8
3
524
2,806
2
.
159
2
33
....
....
....
638
259
350
....
....
....
287
3
3
733
3,125
759
759
moderately active, but efforts to New York
67
608
277
93
97
61
1,203
advance speculative prices have not been successful, and the Boston
195
72
283
104
69
281
1,004
^close this afternoon is at 7*17c. for April, 7*24c. for May, 7*30c. Baltimore
15
15
9
15
57
63
1,557
3,067
for June and 7*37c. for July. Spot lard favored buyers early in Pliiladelp’a, Ac. 1,361
the week, but closes more active at 7@7*05c. for prime city, Totals this week 3,801
3.558
5.930
5,382
4,840
5,299 28,810
7,20@7*2234c. for prime Western and 7*40c. for refined for the For comparison, we give the following table showing the week’s
Pork declined early in the week, but has latterly total i*eceipts, the total since Sept.l, 1884, and the stock to-night,
Continent.
and the same items for the corresponding periods of last year.
been in good request at $13 25 for mess, $14 50@$14 75 for
clear and $10 50@$11 for extra prime.
1884-85.
Stock.
1883-84.
Pickled cut meats have
Receipts to
continued somewhat depi’essed, closing at 6@6%c. for bellies
This
Since Sep.
This
Since Sep.
March 27.
1885.
1884.
Week.
WeeJ:.
1,1884.
1, 1883.
5}4@5%c. for shoulders and ’9t^@9^c, for hams. Smoked
meats are quoted at 10J4@llc. for hams and 6)^c. for shoul¬
Galveston
1,300 449,071
57 8,097
3,664
19,181
23,647
25
37
Ind’nola.&c
ders. Tallow at a slight reduction was more active at Gc. But¬
10,410
8,349
14
New Orleans.
12,037 1,456,188 13,137 1,461,715
223,787
248,067
ter has further declined, and closes at 20@28c. for new cream¬
Mobile
634
225,875
1,603
243,787
23,502
24,683,
Cheese is lower and quoted at 7@12c. for State factory. Florida
ery.
539
82S
75,906
2
40,974
Fresh eggs have declined to 15@lGc.
Savannah....
697,784
1,896
3,362
039,941
20,358
13,009
S
100
Br’sw’k,Ac.
9,708
7,784
Large orders have been received by the Western packers
2,306 506.111
0,317
from the British War Department for corned beef, and the Charleston...
13,889
415,149
23,804
Pt. Royal, Ac
2
6,271
13,237
prices of beef in bbls. and tcs. are thereby hardened, but no
287
533
93,001
Wilmington..
89,665
1,320
5,321
advance is yet quoted.
The following is a comparative sum¬
3
M’lieadC.,&c
78
....
....
....
....
....
...
......
■
a
*••o
o
-
mary
9,585
of aggregate exports from Oct. 27 to March 21:.
1884-5.
Pork, lbs
21,891,400
200,794,828
122,157,722
Bacon, lbs
Lard, lbs
Coffees have been
active
1883-4.
18,252,400
174,937,011
87,558,887
Norfolk
the
spot, the trade having
purchased quite freely at full prices, fair cargoes of Rio being
quoted at 8%c.; and in speculative options there was much
more
on
New York...
1,203
Boston
1,004
1°
25.970
401
20,333
39,453
5,406
27,239
W.Point.&c.
Baltimore
759
...
Pliiladol’a.&c
3,067,
•
•
•
12,387
535,176
272,616
60,391
77,660
1885.
Inc.
3,039,000
Inc. 31,857,817
Inc. 34,598,835
3,125
*
564,159
15,345
216,147
6
1,291
9.5,960
3,203
147,597
352,070
6,310
14,663
11,419
5,902
1,087
17,103
346,061!
7,510
13,025
17,450
23.3 10*4,551.176
52.884' 4.582.5701
701,854
739,694
Wednesday and Thursday, prices advancing
In order that compai'ison may be made with other
sharply, but to-day there was some re-action, under unfavor¬
years, we *
able advices from the Continent, and the close this afternoon give below the totals at leading ports for six seasons.
is quiet at 7*25c. for April, 7 45c. for June and 7*Goc. for
1885.
1833.
Receipts at—
1882.
1881.
| 1834.
j 1880.
August. Raw sugars were depressed early in the week, with
1.S25!
3,701
fair to good refining quoted at 4 11-1G@4 13-lGc., but the close Galvest’n,&c.
12,056
4,657
10,843
3,458
is steadier and more active.
12,037 j
30,900
18,137
9,845
Refined in light demand, but New Orleans.
24,297
21,093
684'
i a i
1,603
2 120
1,065
4 937
steady; standard “ A” o^c., crushed 6V£c. Molasses has been Mobile
Savannah....
3,362
more active, but under the pressure to sell prices
1,896:
19.762
4.831
6,502
2,453
gave way to
ChaiTst’n, Ac
for new crop Cuba 50-deg. test, but there is a
2,80 31
6,3 47
6,217
5,763
7,9 47
3,792
recovery
290,
611
Ac
Wilm’gt’n,
1,130
985
494
to-day to 18c. Teas have been dull and drooping and close
892
activity
Total
on
.i
unsettled.
Norfolk, Ac..
3,881!
Kentucky tobacco has met with a fair demand at steady
prices ; lugs, 53^@7j>4C.*; leaf, 7@llc. Seed leaf has moved off
quite briskly, the sales for the week aggregating 1,250 cases,
as follows : 300 cases 1881
crop, Pennsylvania, G@llc.; 350
cases 1883 crop, do., 8j-£@18c.;
150 cases 1883 crop, State
Havana seed, 8@20c.; 54 cases 1881 crop, do., p. t.; 150
cases 1883 crop, Wisconsin Havana,
8j^@35c.; 52 cases 1882
crop, Ohio, p. t., and 200 cases sundries, 5@28o.; also, 300
bales Havana, 75c.@$l 15, and 150 bales Sumatra, $1 10@$1 GO.
All others....
5,886!I
Tot. this w’k.
00 00
Petroleum has been active for speculation in crude certifi¬
cates, with prices at times quite buoyant on reports of a
reduced flow of the wells; and the close this afternoon is firm
at
from Baltimore. 3s. 9d,
Petroleum charters have been dull,
12,766
12,556
7.363
7.2C7
12,103
13,278
16,121
7,124
52,884
86,939
51,035
78,514
47,3D 3
i
Since Sept. 1. 4551.176 4582,570 5329,782 4290,640 5090,626
4495.062
Galveston includes ludianola; Charleston includes Port
Royal, Ac.
Wilmington includes Morehead City, Ac.; Norfolk includes West Point, Aq
The exports for the week
of
ending this evening reach
a
•
total
33,788 bales, of which 26,971 were to Great Britain, 3,367
3,450 to the rest of the Continent, while the
stocks as made up this evening are now 701,854 bales.
Below
are the exports for the week and since
September 1, 1884.
to France and
Week Endino March 27.
82%c.
Crude in barrels quoted at 7@7):£c.; refined in
barrels for export, 77gC., and in cases, S3J@ 10; naphtha,
7c. Naval stores have been depressed by the War news, as
they are ‘‘contraband of war." Spirits turpentine closes dull
at 313^c., and strained rosin, $1 20@$1
22%.
Metals have been quiet, except a moderate speculation in
Straits tin.
To-day pig iron certificates were dull and
depressed ; bids $15%@$lGss, and $16;’3(q$16.78 asked. Tin
quiet and steady at 17,35@17‘45c. spot, 17*15(3) 17 *30c. futures ;
10 tons March sold at 17*40c.; 10 tons April, 17*25c.
Tin plate
nominal; $4 40 asked. ' Copper weak, closing steadier at
10,40@10,GOc. Lead steady ; foreign nominally 4*30@4*523^c.
Spelter quiet; 4*35c. asked for domestic.
Ocean freights have been rather moi*e active, and to-day
there was a slight improvement in rates. To Liverpool, grain
4@4V.4d., to London 4*£d. and to Antwerp 4V£d.; also, to
Liverpool, bacon and lard, 15@17s. Gd. and cheese 20s. Late
grain charters are hence to Cork for orders at 3s. 10%d. and
7,389
11,234
Exported to—
Exports
from—
Great
BriVn. France
Conti-
Total
nent.
Week.
From Sept. 1,1884, to Mch. 27, 1883.
Exported to—
Great
Britain. France.
■
Galveston
New Orleans..’
10,929
3,217
2,051
10,197
Mobile
41,836
Florida
1,945
3,585
178,375
103,087
1,9 41
Savannah
Charleston*...
1,945
Norfolk*
New York
Boston
.
Philadelp’a,&c
1,931
7,997
1,271
1,558
1,430
803
571
25
nent.
Total.
62,298 218,79?
280,877 1,150,729
700
42,530
3,585
389,330
334,050
65,237
11,699
199,256
22,259
51,197
303,819
148,710
14,040
0,373
336,3 IS
32,916
25,670
127,031
335,804
8,860
1,271
413
2,129
1,155
109,187
47,613
9S.979
150,038
52,425
Wilmington...
Baltimore...
148,939
7,470
606,496 257,336
Conti¬
98,5(51
3,030
37,591
4,812
496.295
Total
26,971
3,367
3,450
33,783 2,089,313 341,153
907,313 3,337,781
Total 1383-84
46.342
9.00 P 17.334
72 767 2.077.819 406.759
809 891 3.294 490
*
Ipoludes exports from Port Royal, Ac.
t fnoludes exports from West Point, &c,
In addition to
amounts of cotton on
prepared for our special use by
& Lambert, 89 Broad Street.
which
are
Oreat
France.
Britain.
New Orleans....
Mobile
Charleston
Savannah
Other
Coast¬
Foreign
wise.
4,000
1,200
600
474
6,206
700
8.220
5,250
None.
None.
10,550
5,000
None.
None.
None.
None.
None.
None.
None.
None.
2,500
7,520
5.300
4,000
Norfolk
New York
Other ports
1,000
29,940
Total 1884
Total 1883
65,732
24,260
22,150
10,331
80,937
85,116
8,104
21,624
16.685
38,703
8.689
19,758
600
12,975
7,125
341,520
28,722
■;
14,646
90,996
J 1.114
168.114
there was a fresh decline, and the close was
Cotton on the spot declined l-16c. on Wednesday.
on
for
were
to arrive.
each day of
March 21 to
March 27.
Ordin’y.$fl>
The
Sat.
Sat.
Moil Tues
9*16
gjie
9»16
Midd’g
11
Str.L’w Mid lljie H?16
Middling... H5ie H°16
Ilk
Good Mid.. Ilia
Str. G’d Mid llllip. H“ie
Midd’g Fair
Fair
12'j6
Wed
Ordin’y.sglb
9°ie
95,6
9%
934
9k
96Je
9k
ilk
1114
Ilk
ilk
113ie
U716
H°16
11916
11716
U916
11716 H716
119.6 H916
Ilia
1134
Ilk
Ilk
1134
9ke
9k
9k
ilk
ilk
like like
like like
ilk
—
Til.
Wed
Fri.
9k
815,6
9
9
9ke
97,6
Tli.
Wed
Fri.
9k
93,6
9k
911,6
9k
10k
9H,8
10k
10k
a?5
u&i.
Sat.
STAINED.
$ lb.
Good Ordinary.
Strict Good Ordinary
Middling
Middling
Dow
Mon Tues Wed
Tli.
~9k
9ii,e
10k
10k
113.6
Ilk
Slkp
R1^16
9k
9k
93,6
103ia 103,g 103,6 10k
1013le 101<>i6 1013ie 10k
9k
Fri.
Sat..
Mon
Tues.
Wed
Thurs
Fri.
.
.
.
Total.
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SS*T MARKET
CLOSED.
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AND TRANSIT.
£ © pg
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Ilk
The total sales and future deliveries each day during the
week are indicated in the following statement. For the con¬
venience of the reader we also add a column which shows at a
SALES OF SPOT
wdt
»-
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99
MARKET AND SALES.
glance how the
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123.6
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llHie 111516 lH5lf lll316 lUke 111516 1115.6
12i16 I2iie 125.6 125.6 !25e16 126,6 125.6 125.6
eift 1215,6 1215.6 1215.6
121]i 16 12n,6 1215.6 1215.6 121&1*
9k
9H,6
107,6 10k
10k
103l6
10k
1013.6 10k
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10916 10k
105a
113,6 113.6 11k 113,6
1016,6 1015,6 10k
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115.6 Ilk
ilk
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1113.6 11k
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12k
123.6 12 k
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12k
128,6 12k 12k 1213 lb 12k
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12k
Strict Ord..
Good Ord..
Str. G’d Ord
Low Midd’g
Str.L’w Mia
95,6
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109J6 109i6 109.6 109,(j 109ifi 1015.6
101*18 101516 1015.6 I0l5le 1015.6
11
11
95ie
Hi
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Mon Tues
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MM
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Strict Ord.. 9^3
Good Old.. 105ia 105,6 105,6
Str. G’d Ord 101 i 16 10ll16 lOiiie
Low
Sat.
Mon Tues
S.g-S
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TEXAS.
NEW ORLEANS.
!
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! 9
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80
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CD
UPLANDS.
tx -
cc
—
the past week.
1
0*0*
in transit. Of the above, 200 bales
following are the official quotations for
speculation and
o
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648,698
695,281
To-day the market was again l-16c. lower, closing at 11 3-16c.
for middling uplands.
The total sales for forward delivery for the week are 267,300
bales. For immediate delivery the total sales foot up this week
484 bales, including
for export, 484 for consumption,
—
•
616,738
becoming more spring-like. On Saturday there was some
advance, but there were sharp declines on Monday and Wed¬
nesday. On Tuesday the next crop made some show of
strength, but it was not maintained. Yesterday there was a
dull, weak opening, and continued drooping and unsettled,
especially for this crop. To-day the opening was steady,
followed by a slight advance, on a demand to cover contracts;
unsettled.
I
m
variable and somew hat irregular specu”
lation in cotton for future delivery at this market for the
week under review. The movement of the crop has been
quite small, stocks in our leading markets have rapidly dim¬
inished and the weather for several days was so severely
wintry as to prove a decided check upon planting operations.
But the accounts of the state of trade in cotton goods, at home
as well as abroad, were of an unsat isfactory character, and as
early as Monday the foreign advices pointed very strongly to
the renewal of diplomatic complications between Russia and
Great Britain.
The weather improved on Wednesday,
but later
:ji
w
£ 3
0<»it*R
There has been a
:f;
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w
-
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80 CJ
uj ffi ffi
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Total 1885.
C«5h-(
2
-©' K>
111,
■
ao -
t?
o
ao a
ca> ao ®
B
o
ssgl
US.®
fill
3.MH
O
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g-rg
;
178,247
19,702
None.
None.
None.
1.300
5,732
Stock.
45,540
3,800
5,200
11,374
Galveston
ES* ®
T5*}
Leaving
Total.
2,630
16,685
None.
None.
dm
•
14,851
.....
The Sales and Prices of Futures are shown by the follow¬
ing comprehensive table. In the statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
Messrs. Carey, Yale
Shipboard, not cleared—for
On
March 27, at—
for New York,
We add similar figures
ports named.
%t the
to-night also give
shipboard, not cleared,
above exports, our telegrams
the following
us
[Vol. XL.
CHRONICLE.
THE
396
f
1
<
H,
1 3: :
i ©: :
©
©: :
*
Includes sales in September, 1884, for September, 158,200; Septem¬
ber-October, lor October, 421,800; September-November, for November,
582,200; September-December, for December. 967,800; SeptemberJanuary, for January, 2,114,100; September-February, for February,
l,9o&,200.
ET We have included in the above table, and shall continue each
week to give, the average price of futures each day for each month'. It
will be found under each day following the abbreviation “ Aver. * The
average for each month for the week is also given at bottom of table.
Transferable Orders—Saturday, ll*40o.; Monday, 1135c.; Tuesday,
ll-30c.; Wednesday, 1120c.; Thursday, ll*15o.; Friday, ll*15c.
The following exchanges have been made during the week*
*08 pd. to exch. 100 March for May
*16 pd. to exch. 500 Dec. for Oct.
'32 pd. to exch. 500 April for July.
*26 pd. to exch. 200 May for Aug.
•33 pd. to exch. 1,000 Mar. for Aug.
*11 pd. to exch. 100 May for June.
*06 pd. to excli. 500 Apr. for Sept.
*24 ,id. to exch. 500 April for June.
•31 pd. to exch. 200 April for July.
•25 pd. to exch. 900 April for June.
*20 pd. to exch. 200 Mar. for June.
THE CHRONICLE,
1885.]
March 28,
The Visible Supply op Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought down
10*
397
the same towns have been 10,888 bales less than the‘same
week last year, and since September 1 the receipts at all the
towns are 149,759 bales less than for the same-time in 1883-84.
Quotations for Middling Cotton at Other Markets.—
Thursday evening. But to make the totals the complete In the table below we give the closing quotations of middling
figures for to-night (Mch. 27), we add the item of exports from cotton at Southern and other principal cotton markets for each
the United States, includmg in it the exports of Friday only.
day of the past week.
to
1885.
Stock at London
955,000
63,700
814,000
64,600
1,132,000 1,018,700
6,000
4,000
2,900
69,200
54,000
40,600
54,000
51,000
29,000
1,000
500
2,300
1,400
900
1,000
121,000
185,000
214,000
5,000
5,000
5,300
84,000
59,000
55,000
6,000
12,000
8,300
4,000
6,000
5,300
878,600
2,300
122,000
2,620
35,000
6,000
3,537
270,700
225,644
Total Great Britain stock. 1,040,000
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
at Hamburg
at Bremen
at Amsterdam
at Rotterdam
at Antwerp
at Havre
at Marseilles
at Barcelona
at Genoa
at Trieste
Total Continental stocks
Total
1892.
1883.
1884.
bales.1,005,000 1,066,000
35,000
66,000
Stock at Liverpool
396,400
425,600
33,200
18,800
287
1,900
1.436,400 1,557,600 1,289,400 1,104,244
146,000
169,000
307,000 337,000
239,000
325,000
610,000 375,000
26,000
35,000
Egypt,Brazil, Ac.,aflt for E’r’pe
20,000
47,000
Stock in United States ports
861,379
701,854
739,694 863,395
European stocks
India cotton afloat for Europe.
Amer’n cott’n afloat for Eur’pe
CLOSING QUOTATIONS FOR MIDDLING COTTON ON-
March 27.
Satur.
Galveston
New Orleans.
Mobile
Savannah...
Charleston.
...
„
.
Wilmington..
Norfolk
Boston
Baltimore....
Mon.
Wednes.
10%
10%
10%
10®8
lOifl
10%
10®16
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
11
11
loioie
1138
1118®%
11%
Philadelphia.
10%
Augusta
10%
Memphis
St. Louis
10%
Cincinnati...
10%
Louisville....
10^8
10%
10%
10%
10%
10%®%
10%
10l5lfi
1138
113s
11%®%
11%
10%
10%
10%
10%
10%
....
Receipts
Tues.
113a
11%
11%
10%
10%
1038
10%
10%
11%®%
11%
10%
10%
103s
10%
10%
Fri.
Thurs.
ion16
10916
107iq
IOHib
10®, e
10%
10%
10%
10%®%
10%
10%
10%®%
10%
10%
113a
11%
11%
11%
11%6
ll7ie
10%
10%
103s
10%
10%
10%®%
10%
103q
10%
10%
Plantations.—The
following table is
prepared for the purpose of indicating the actual movement each
Stock in U. S. interior towns.. 145,422
128,553
240,980
208,462 week from the plantations.
Receipts at the outports are some¬
United States exports to-day..
2, 500
14,000
7,100 times
misleading, as they are made up more largely one year
Total visible supply
We reach,
2,691,176 2,955,847 3,359,775 2,940,185 than another at the expense of the interior stocks.
Of the above, the totals of American and other descriptions are as follows
therefore, a safer conclusion through a comparative statement
American—
like the following. In reply to frequent inquiries we will add
786,000
685,000
551,000 that these
Liverpool stock
bales 781,000
figures, of course, do not include overland receipts
130,000
178,000
Continental stocks
325,000
289,000
American afloat for Europe...
375,000 or Southern consumption; they are simply a statement of the
239,000
325,000
610,000
863,395
861,379 weekly movement from the plantations of that part of the crop
739,694
United States stock
701,854
United States interior stocks.. 145,422
128,553
208,462 which finally reaches the market
240,980
through the outports.
7, ICO
14,000
United States
10,000
2,500
to-day..
..
exports
from the
RECEIPTS FROM PLANTATIONS.
Total American
East Indian, Brazil, Ac.—
2 ,158,776
2,314,247 2,591,375 2,132,941
Week
,
Liverpool stock
London stock
Continental stocks
India afloat for Europe
224,000
35,000
107,400
146,000
280,000
66,000
100,600
169,000
270,000
63,700
92,700
307,000
20,000
26,000
35,000
263,000
64,600
95,644
337,000
47,000
532.400
641,600
768,400
807,244
Egypt, Brazil, Ac., afloat
Total East India, Ac
Total American
2 ,158,776 2,314,247 2,591,375 2,132,941
Total visible supply
2 ,691,176 2,955,847 3,359,775 2,940,185
6d.
6d.
Price Mid. Upl., Liverpool—
6%d.
59i6d.
Jgy The imports into Continental ports this week have been
39,000 bales.
Ending—
10
U
23
44
SO
figures indicate a decrease in the cotton in sight
to-night of 204,671 bales as compared with the same date of
1884, a decrease of 668,599 bales as compared with the corres¬
ponding date of 1883 and a decrease of 249,009 bales
as
0
Feb.
44
13
“
20
14
27
0
Mch
•
The above
9
Jan.
4
13
“
20
44
27
Receipts at the Ports. St'k at Interior Toxons. Recrpta from Plant'ns.
1883.
1884.
90,245
110,467
104,533
112,110
111,481
105,921
05,013
70,487
08,720
49,870
42,635
86.909 52,884
175,382
150,300
130,400
171,310
105,808
140,130
134,448
135,321
124,820
111,881
105,062
1885.
1883.
1884.
| 1885.
133,994 380,248 389,898 320,785
130,951 367,907 360,715 304,859
93.911 350,749 330,900! 298,080
75,295 347,523 299,754 280,872
89.785 343.581 282,475 271,790
68,021 326,790 208,009 250.045
54,324 321,424 254,450 234,231.
50,312 308,417
227,205(210,482
50,800 304,621 205,477! 199,179
42,581 297,113 184,414 181,132
32,835 279,946 100,809 170,155
28.810 260,971 141,236 158,175
1883.
171,983
138,109
119,182
108,090
101,929
129,342
129,070
122,314
121,030
103,733
87,835
74,024
The above statement shows—1. That the total
1884.
1885.
72,109 105,291
81,284 115,025
74,718 87,132
80,904 58,087
94,202 80,703
91,515 52,876
51,394 32,510
49,302 32,503
40,932 39,503
28,813 24,534
19,030 21,908
33,311 10,830
receipts from
compared with 1882.
the plantations since September 1, 1884, were 4.692,136 bales;
in 1883-84 were 4,674,650 bales; in 1882-83 were 5,580,268 bales.
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
were
period of 1883-84—is set out in detail in the following statement
H
mm
s*3
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et-
e.
p
*
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r* -r
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fgg’ggFa
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^
Amount
H
»
the receipts from the plantations
33,311 bales and for 1883 they
o
of
Cotton
in
Sight March 27.—In the table below
OB
.
1884-85.
to
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1
The above totals show that the old interior stocks have
decreased during the week 10,654 bales, and are to-night 16,8G9
bales more than at the same period last year. The receipts at
1831-82.
Receipts at the ports to Mch.27 1,551,176 4,582,570 5,329,782 4,290,640
Interior stocks on Mch. 27 in
excess of September 1.
140,960
Tot. receipts from planta’tns 4,692,136
Net overlaud to March 1
501,782
Southern consumpt’n to Mch.l
180, OoO
Total in sight March 27
Northern spinners’
March 27
92,030
250,486
197,757
4,674,650 5,580,268 4.478,397
461,070
190,000
526,556
2< O.OOo
353,355
155,ObO
5,373,918 5,325,720 6,306,824 4,9^6,752
takings to
1,115,859 1,212,100 1,335.747 1,269.751
It will be seen by the above that the increase in amount in sight
to-niglit, as compared with last year, is 48,198 bales, the decrease
from 1882-83 is 932,906 bales, and the increase over 1881-82 is 3&7.166
bales.
Weather Reports by Telegraph.—The weather contin¬
ued unseasonably cold up to and including the first part of the
week. Since then there has bijen a favorable change and farm
M
©X
1882-83.
cs
toft4
-4
&3
O'
1883-84.
5 ^
w
©
CO
were
we
p
g
P
P
Last year
were
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.
©
w- ^
^-P-
the interior towns.
for the same week
74,024 bales.
^: op
.
o
3
2.—That, although the receipts at the outports the past week
28.810 bales, the actual movement from plantations was
16,830 bales, the balance being taken from the stocks at
work, though backward, is now making fair progress.
Galveston Texas.—We have had rain on four days of the
week, the rainfall reaching one inch and four hundredths.
The thermometer has ranged from 43 to 72, averaging 58.
Indianola, Texas.—It has rained on five days of the week,
the rainfall reaching ninety-nine hundredths ojf. an inch. Corn
is coming up well, but cotton planting h:£> been retarded
somewhat by unfavorable weather.
Average thermometer
59, highest 75 and lowest 40.
Palestine, Texas.—There has been rain on two days of the
week, the rainfall reaching thirty-one hundredths of an inch.
Ice formed on one night, hut probably no serious d image has
been done, as very little vegetation was above ground, and it
is thought that fruit is unhurt.
Corn is beginning to como
up, and cotton planting makes good progress. The thermom¬
eter has averaged 48, the highest being 66 and the lowest 33.
New Orleans, Louisiana.—It has rained on three days of
the week, the rainfall reaching three inches and sixty-one
hundredilis. The thermometer has averaged 54.
THE CHRONICLE.
398
881
Shreveport, Louisiana.—Rainfall for the week one inch
and twelve hundredths. The thermometer has averaged 48,
ranging from 32 to 61.
Meridian Mississippi.—Telegram not received.
Columbus, Mississippi.—We have had rain on
[Vol. XL.
BOMBAY RECEIPTS AND
This
Conti¬
nent.
Great
Total. Britain
Tear Great Conti¬
BriVn. nent.
Receipts.
Shipment« since Jan. 1.
Shipments this week•
three days
SHIPMENTS FOR FOUR YEARS.
Total.
215,000 35,000
53,000 157,000
29,000
Since
Jan. 1.
Week.
335,000
1885 n,oco 8,000
377.000 60.000
555,000
seventy-two hundredths of 1884
24,000 13,000 37,000 182,000 195,000
683,000
tocrcoid, the thermometer 1383 30,000 29,000 59,000 160,000 280,000 440,000 77,000
669,000
51*,000 79,000
1882 57,000 27,000 84,000 315,000 173,000
averaging 48, and ranging from 22 to G8.
Leland, Mississippi.—It has rained on two days, arid the
According to the foregoing, Bombay appears to show a
remainder of the week has been cloudy. The rainfall reached decrease
compared with last year in the week’s receipts of
One inch and thirty-four hundredths.
The thermometer has 25,000 bales, and a decrease in shipments of 8,000 bales, and
ranged from 26 to 64, averaging 45.
the shipments since January 1 shew a decrease of 162,000 bales.
The early part of last week was pleasant and clear, but the The movement at Calcutta Madras and other India ports for
latter portion cold. Farmers had nearly finished planting the last
reported week and since the 1st of January, for two
The thermometer ranged from 28 to 77, and averaged 49.
corn.
years, has been as follows.
“Other ports” cover Ceylon,
Little Rock, Arkansas.—The weather has been generally Tuticorin, Kurrachee and Coconada.
cloudy and disagreeable during the week with rain on five
Shipments since January 1.
days. The rainfall reached one inch and sixty-six hundredths.
Shipments for the week.
of the week, the rainfall reaching
an inch.
The weather has been
Season
so
3
planters, and crop pre¬
Average thermometer 42, highest
far rather unfavorable for
are backward.
57 and lowest 26.
parations
Helena, Arkansas.—There
of the week
the remainder
has been rain on four days and
cloudy. The rainfall reached
Great
Conti¬
Britain.
nent.
Calcutta—
4,000
600
12,000
1,000
1885
Great
Britain.
Total.
4,600
13,000
Total.
Continent.
28,200
7,810
57,000
25,000
36,000
82,000
eighty-one hundredths of an inch.
The thermometer has Madras4,000
400
4,010
400
average*! 42, the highest being 55 and the lowest 2G.
9,500
1,000
9,500
1884
1,000
Memphis, Tennessee.—We have had light rain on three
All others—
20.500
days of the week, and it is now threatening. The rainfall
6,000
14.500
4,000
4,000
1885
13.500
reached fifty one hundredths of an inch. The thermometer
13.500
1,500
1,500
1884
has ranged from 26 to 57, averaging 42.
allNashville, Tennessee.—We have had rain on two days of Total
60,500
13.800
46,700
9,000
4,600
1885
4,400
25,000
105,000
the week, the rainfall reaching sixteen hundredths of an
15,500
80,000
1,000
1384
14,500
inch. Average thermometer 35, highest 63, lowest 25.
The above totals for the week show that the movement from
Mobile, Alabama.—It has rained constantly on one day,
has been showery on two days, and the remainder of the week the ports other than Bombay is 6,500 bales less than same
cloudy. The rainfall reached two inches and twenty-six week last year. For the whole of India, therefore, the total
hundredths. The thermometer has averaged 49, the highest shipments since January 1, 1885, and for the corresponding
periods of the two previous years, are as follows:
be.ng 62 and the lowest 29.
EXPORTS TO EUROPE FROM ALL INDIA.
Alabama.—The early part of the week was
but during the latter portion we have had
days, the rainfall reaching fifty-five hundredths
The thermometer has averaged 47, ranging from
Montgomery,
clear and pleasant,
rain on four
of an inch.
26 to 59.
-.
Selma, Alabama.—It has rained on
remainder of the week has been cloudy.
five days and the
The rainfall reached
Shipments
lo all Europe
from—
Bombay
All other
ports.
1883.
1884.
1885.
This
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
29,000
9,000
215,000
60,500
37,090
377,000
105,000
59,000
1,009
440,000
15,500
68,000
The thermometer lias ranged
482,000 60,000 508,000
275,500 52;500
38,000
Total
This last statement affords a very interesting comparison of
Auburn, Alabama.—We have had rain on three days of
ho total movement for the three years at all India ports.
the week, the rainfall reaching sixty-six hundredths of an
inch. The weather has been unfavorable.
We had killing
Alexandria Receipts and Shipments.—Through arrange¬
frost on Monday night and ice formed—the ground was frozen ments we have made with Messrs. Davies, Benachi & Co., of
hard. Average tin rmometer 43 8, highest 57'5 and lowest 24 Liverpool and Alexandria, we now receive a weekly cable of
—the coldest ever recorded for March.
the movements of cotton at Alexandria, Egypt. The following
Madison, Florida.—it has raintd on two days of the week, are the receipts and shipments for the past week and for the
the rainfall reaching one inch and eighty-nine hundredths. corresponding week of the previous two years. ,
The thermometer has averaged 55, the highest being 75 and
eight}r hundredths of an inch.
from 20 to 65, averaging 48.
the lowest
76.
thermometer
of the week,
■Macon, Georgia.—No rain all the week. The
has averaged 48, ranging from 20 to 04.
Columbus, Georgia.—IX has rained on two days
hundredths of an inch.
ranged from 20 to 55, averaging 40.
Savannah. Georgia.—We have had rain on four days and
the lemainder of the week has been cloudy. The rainfall
reached one inch and eighteen hundredths. Average ther¬
mometer 49, highest 01, lowest 31.
the rainfall
Alexandria, Egypt,
March 25
‘
Receipts (oantars*)—
8ept. 1
Since
reaching seventy-seven
Exports (bales)—
have had light rain on four days
The rainfall
thermometer
has averaged 41, the highest being 03 and the lowest 20.
Atlanta, Georgia.—There has been rain on two days of the
Week, the rainfall reaching twenty-two hundredths of an inch.
The thermometer has averaged 41*3, ranging from 21 to 01.
Charleston, South Carolina.—It has rained on three days
of the week, the rainfall reaching forty-nine hundredths of
an inch.
The thermometer has ranged from 33 to 59, aver¬
*
A caut ar
10,<; 00
N
;w
Orleans
Memphis
Nashville
Shreveport
Vicksburg:
...Below high-water mark
...Above low-waier mark.
...Above low-water mark.
...Above low-water mark.
...Abovelow-water mark.
o»>
8
18
94
0
6
2
7
5
19
48
2,204,000
Since
! This
Since
Sept. 1.
j week.
Sept. 1.
4,000 221,000
4,000 110,000,
5,000 216,000
1,000 75,000
331.0001
6,000 291.000
8,000
shows that the receipts for the week
27,000 cantars and the shipments to all
Manchester
for comparison.
quiet but steady. We give
leave previous week^’ price
1884.
1885.
a.
Feb
Inch.
3
6
3
5
8
44
44
44
30]85k,—
6
3^16—SlBjn
13 85 :-S15
2018 *4 3 8 7rt
27 314 n 87fi
Mcli. 6.8*4
44
13
44
20! 83,
44
27
884
83j<.@834
Mid.
Skirtings.
s.
Jan 23 35,r—filOifl 5
4*
Coti'n
8*4 lbs.
32j Cop.
Twist.
a.
ending
Europe
Market.—Our report received from Manchester
to-night states that the market is
the prices for to-day below, and
yieh. 2 6/85. Uch. 2 7, ’84.
Feel.
1
0
83
30
14,000
1
is 98 lbs.
March 25 were
10.000 bales.
Stateburg, South Carolina.—Telegram not received.
Wilson, North Carolina.—Telegram not received.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
Mai ch 26, 1885, and March 27, 1884.,
Ir.ch.
1
This statement
aging 47.
Feel.
4
j week.
280.0001
I53,000j
433,000!}
7,000
Total Europe
j This
Sept. 1.
3,000
To Liverpool
To Continent
|
2,597,000
Since
This
week.
and tiie remainder of the week has been cloudy.
reached thirty-seven hundredths of an inch. The
9,000
27,000
3,270,0'J0
This week....
The thermometer has
Augusta, Georgia.—We
1882-85.
1883 81.
1384-85.
d..
7^2
5
5
7
7
7
6
5
6
5
5
5
15
0
5
5
5
5
6
d
7 .0
-36 101?
36 101?
3 6 101?
36 9i?
36 9 ifj
9
3 6
s.
3(>
9
36 9
36 10
TJpl Is
d.
d.
d.
515ig 8*3 3 9
8ifl 3 9
8I3 3 9
8is 3 9
8*2 3 9
RLj 3 9
6*16 81$ 3 9
515^ 81-2 3 9
6
8»iG3 9j8
8 Sr 3 914
6
6
6
6
6
0* 8
OotVn
Mid.
8H lbs.
Shirtings.
325 Cop.
heist.
8.
d.
5 10 37
1
5l510
578
61^37
7 37
37
7
7io37
2ks
5^8
57*
7
7
7
7
0
5
5
5
d.
578
2ifl
2tg
2*fl
2»fl
5^37
5
5
5
d.
2*2
37
37
37
37
9
0
TJplds
2i?
21?
313
51316
51316
578
51516
6
reported below high-water mark of 1871 until
Jute Butts, Bagging, &c.—1There has been a fair demand
Sept. 9, 1874, when the zero of gauge was changed to highfor bagging during the week, and sales are being made of lots
water mark of April 15 and 10, 1874, which is G-lOths of a fool
as wanted at steady figures.
There is not much doing in large
above 1871, or 10 feet above low-water mark at that point.
India Cotton Movement from all Ports. — We have parcels, and buyers continue their policy of only taking
re-arranged our India service so as to make our reports more quantities as they require for present wants, and it is only
the price that a round lot can be moved. Sellers are
detailed and at the same time more accurate. We had found shading
still quoting 9c. for 1}£ lbs., 0}4c. for 1% lbs., KH4C. for 2 lbs.
it impossible to keep out of our figures, as cabled to us for the
and 11c. for standard grades, at which a few hundred bales
pints other than Bombay, cargoes which proved only to be are reported. Butts are selling in a moderate way, with prices
shipments from one India port to another. The plan now a shade easier. There have been a few parcels of paper grades
followed relieves us from the danger of this inaccuracy and
placed at l%c.@l^c., while for bagging qualities the
keeps the totals correct. We first give the Bombay statement are
2c.@2%c., the market closing at these quotations.
for the week and year, bringing the figures down to March 20,
New Orleans
such
by
•
figures
March 28,
Cotton Supply
this
„
THE CHRONICLE.
1885.J
and
Depression
subject will be found in
Price.—An article
in
on
editorial columns to-day
our
which will interest cotton producers.
New York Cotton Exchange.—The
respecting the abolition of the Commission Law with its
attending penalty of expulsion resulted in 146 yeas and 43 nays,
thus showing 20 votes above the requisite majority of two-
thirds.
“
wiseacres.”
Bombay Prices Current, of
“
Receipts show an increase of 4,C 00 bales this week as compaved with
last, but still keep well under last year, the deliciency since Jan. I being
now 82.000 bales.
During the coming week we may see a further slight
gain, but the week following will probably be small again, owing to the
holidays, which always restrict supplies. It will therefore be well
on in March before the iigures can have any chance of
makiugup lost
ground as compared with last season, if they ever do so, ami on that
point we aio somewhat dubious, the latest accounts from the Dliollera
districts as to the condition of the crop being sadly disappointing, it
was only from that quarter that any increase could be
anticipated, and
should
now
consider it unlikely.”
Messrs. Gaddum,
By thell & Co.’s report of the same date says:
“
Some rain has fallen in the town of Oomrawutteeand its
surrounding
districts, but no appreciable damage has been done. The reports from
the Dliollera districts contiuue favorable on the whole, but some adhere
to the opinion that the crop will be a small one.
S llers of Dholleras are
very cautious, and a little increase in the demand makes them raise
their pi ices. Broach promises to be a very good crop. Ginning lias
commenced on a small scale, a» d we expect will be pretty general in the
beginning of March. The supply of Kengalshi? been somewhat im re
liberal this week, but selection offers the same diliiculties as
heretofore,
a large propoition of our s'oek consisting of
very low cotton. The
demand is very limited. In Compta, Westerns and Dharwar there is
no change to report.
These crops are expected to be small.”
The Liverpool Post of March 13 published the following
interesting statement on the acreage under cotton cultivation
in India in 1SS3, 1878 and 1876, compiled by Messrs.
Lyon &
Co., Bombay :
Acreage.
Bombay and Sind
Bcrars.
Central Prownces
Northwest Provinces
Oudli
....
1833.
1878.
1876.
5.698,862
2,142.414
2.863,306
4,516,537
2,103,424
2,073,272
337,083
71*,484
612,687
....
Punjab
Assam
Hyderabad
....
1,641,856
756,828
1,056,173
50,059
17.151
22.830
89 <.818
679,836
39,627
622,959
698,3*3
35,3 52
1,165,736
1,645,389
40,()00
1,149,730
Madras
POi 496
Mysore
2o.000
British Burmah
14,411
21,864
15,0 JO
18.765
13,645
Total
....13,978,035
9,055,630
11,674,981
‘‘There are no returnsfrom CentralIudia, Rajputaua,
Ajmere, Bengal
Coorg, Tra\ ancore or Cochin; but the only districts in which cotton is
grown extensively are Central India and Rajputana, and the area under
cotton is estimated at 1,250,000 acres,
making, with the above 13,978,035,
a total lor all India of 15,228,035 acres.
1 he reduction in the area sown between 1870 and 1878 was
due to the
decline in .prices, and to the general disorganization of Indian business
which occurred at that time owing to the fall in silver and bad harvests.
Since 1878 there lias been a gradual increase in the area planted, in con¬
sequence of the better average prices, and the improved condition of
the cultivators.”
Comparative Port Receipts
—A
comparison of the
Daily Crop Movement.
port movement by weeks is not accurate,
and
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
as
constantly have before him the data for seeing the exact relative
movement
for
the
years
named.
September 1, 1884, and in previous
Tear
Monthly
Receipts.
1831-85.
Bept’inb’i
345,445
1883-8 4.
343,812
The movement since
has been as follows:
years,
Beginning September 1.
1882-83.
326,650
October.. L.090,385 1,046,092
930,534
Hovemb’i 1,122,161 1,030,380 1,094,697
Decemb'i 1,101,211 L,059,653 1,112,536
January
1981-82
429,777
853,195
1880-31.
458, 479
333,6 43
963,318
838,492
974,043 1,006,501
942,272
996,807 1,020,802
487,727
571,701
291,992
572,729
956,4 64
647,140
487,729
752,827
February,
261,449
385,938
595,598
Total year 4
399,411 4,353,604 4,862,898 4,033,541 4,593,523 4,215,929
.
447,918
Perc’tage of tot. port
receipts Feb. 23..
to
February 28 the daily receipts since
an exact comparison of
1883-34.
1832-83.
1881-32.
83-73
80-78
1880-81.
“
3....
10,336
“
4....
5....
6....
6,318
7,148
12,980
“
7....
5,929
“
8....
S.
“
9....
11,436
“
.10....
5,139
“
11....
5,009
“
12...
13....
4,891
10,177
5,207
“
“
"
8.128
“
14....
“
15....
“
16....
“
17....
8,898
5,173
“
18....
2,437
“
19....
(4
OA
3,338
7,782
3,801
MO
.
.
...
21....
“
22....
“
23....
24....
3,553
5,332
25....
26....
4,840
“
“
8,342
8,610
7,207
19,721
11,559
4,568
S.
19,836
26,858
22,876
16,430
13,081
25,695
13,932
8.
13,485
8,582
11,056
6,673
12,033
5,909
8.
73-28
84 28
S.
16,415
6,724
6,711
10,944
13,745
7,707
21,551
25,282
8.
12,952
10,299
19,164
23,596
7,077
13,072
9,411
13,192
14,900
18,406
15,917
13,435
7,411
6,660
4,150
10,243
11,141
4,916
15,958
17,877
18,414
S.
8,923
12,175
28,050
10,001
7,437
5,657
6,556
15,605
12,970
"
8.
10,207
10,900
12,548
S.
10,056
13,404
9,829
28,948
24,435
19,576
19,011
23,150
17,256
8.
19,421
16,729
12,432
16,505
22,115
21,006
6,913
7,958
8,353
9,833
8,795
5,930
5,299
10,803
8.
6,917
S.
27....
Total
8.
S.
«
“
11,141
11,606
8,443
7,494
18,193
S.
S.
13,242
8,340
10,090
8,391
11,439
9,262
S.
S.
17,571
13,407
8,052
22,353
1G,390
12,074
S.
9,391
S.
11,637
8,099
7,410
7.433
7,699
5,389
S.
4,551,176 1,565,927 5,231,362 4,255,258 5,n21,186 4,453,059
*
Percentage of total
94-13
port ree’pts Melt 27
87-73
9014
85*53
89-03
This statement shows that the receipts since Sept. 1 up to
to-night are now 14,751 bales less than they were to the same
day of the month in 1884 and 730,185 bales less than they were
to the same day of the month in 1883.
We add to the table
the percentages of total port receipts which had been received
to March 27 in each of the years
named.
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
42,721 bales.
So far
the Southern ports
as
are
concerned, these
the same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday
are
night of this week.
Total bales.
New York—To
Liverpool, per steamers Baltic,
1,896
Gallia, 1,209
Germanic, 2,394
Sirius, 1,680
Wis¬
consin, 378
To Hull, per steamer Otranto. 350
To Havre, per steamer Normandie, 150
To Hamburg, per steamer Rugia. 350
To Genoa, per steamer Scotia, 453
New Orleans—To Liverpool, per ships City of Liverpool, -1,850
...Elierslie, 4,904
To Havre, per ship Caledonia, 4,016
'J o Bremen, per steamer Viola. 3,895
To Antwerp, per steamer Cliutonia, 774
To Genoa, per bark Navigatore, 1,731
Mobile—To Liverpool, per bark Mary Jane, 2,231
Savannah—To Barcelona, per bark Bcppiuo K., 1.050
Galveston—To Liverpool, per ship William, 3,340
To Reval, per bark Brilliant. 1,545
To Vera Cruz, per steamer Whitney. 314
Newport News-To Liverpool, per
,
62
koston—To Liverpool, per steamers Iowa,
Philadelphia—To Liverpool, per steamer
Total
The
form,
350
453
9,754
4,016
3,395
774
1,731
2,23 4
l,O50
3,3 40
1,5 45
2,201
42,721
particulars of these shipments, arranged in
our
usual
follows:
Ant-
Bremen
tC ILam- werp
Liver-
i£ B treeIona. Genoa.
pool. ILavre. burn. Jieoal.
7,557
150
350
9,754 4,016 3,395
774
New York.
N. Orleans.
Mobile
Savannah
Galveston.
350
150
62
2,945
.
are as
7,557
314
2,183
Istrian. 762
British King, 2,201..
Vera
Oruz.
453
1,731
2,234
Total.
8.860
20.170
2,231
v
1,050
Boston
2,9 4 5
1,050
5,199
62
2,945
Pkiladolp’a
2,201
2,201
1,543
3,310
3L1
62
Newport N.
Total
23.093 4 168 4.2 45
2,319 1,050 2.18 4
314 42,721
Included in the above totals from New York are 350 bales to Hull.
..
Below we add the clearances this week of vessels
cotton from United States ports, bringing our data
the latest dates:
Orleans—For Liverpool—March
fornian, 3,093
;
carrying
down to
20- Bark
March 21—Steamer Legislator. 4,980
Boroma, 1,074
March 24—Steamer Cali¬
bark Paolo R., 1,83s.
For Havre—March 25—Steamer Ciayperon, 3.217.
For Hamburg—March 25—Steamer Amy Dora, 250.
For Croustadt—March 21—Bark Eios, 1,801.
Charleston—For Liverpool—March. 25—Bark Capenhurst, 1,945—
March 26—Bark Maury,
Norfolk—For Liverpool—March 25—Bark Beaconslield, 1,931.
.
Boston—For
Liverpool—March 20—Steamer Ceplialonia, 1,271.
Baltimore—For Liverpool—March 23 -Steamer Polynesian,
March 25—Steamer Barrowmore. 648.
For Bremen— March 25— Steamer America, 571.
Philadelphia—For Liverpool— March 20—Steamer
March 23-Steamer British Crown,
For Ant
werp-March 2 4
910—
Lord Gough, 1,430
.
95 45
1379-80.
Tot.Fb.23 4,399,411 4,353,604 4,862,898 4,033,541 4,593,528 4,215,929
8.
Mcb.l....
11,840
6,519
14,538
20,473
16,279
“
S.
2....
10,707
21,223
7,625
12,171
12,465
New
1879-80.
475,757
.
1884-85.
“
East India Crop.—From the
Feb. 20, we have the following :
“
totals
that time, we shall be able to reach
the movement for the different years:
With few
exceptions the active members of the
Exchange are well pleased that the question is at last set at
rest, and when the numbers voted in favor and against the
change were read out by the Superintendent they were received
with hearty cheers.
Friday, April 3, and Saturday, April 4, will be kept by the
Exchange as holidays. Business at Liverpool, besides these
two days, will also be suspended on Monday, April 6.
Augusta Receipts and Mill Requirements.—On these
points* a friend
at Augusta writes us as follows :
*
*
I started this letter chiefly to tell you about
Augusta receipts, which will now show an increase over last
year, and which might mislead you. The increase is not from
lantations, but is cotton bought by our mills in other marets.
They have little or no stock in hand; will need some
25,000 bales if they continue to run during the summer, and
we have only 12,000 bales in store.
Last week one of our
mills bought 1,000 bales to come from New Orleans.
It seems
a long way off, but we have all rail
by means of Georgia
Central R. R. and Louisville & Nashville, which roads work in
harmony, and can make easy freight to induce business.
“The spring is very backward; March unusually cold, but
a dry month, so that planters could make good
progress in pre¬
paring their land. They are fertilizing very largely. I hope
the severe winter presages a good crop year.
So say the old
we
This statement shows that up to Feb. 28 the receipts at the
ports this year were 45,807 bales more than in 1883-84 and
463,487 bales less than at the same time in 1882-83. By adding
to the above
voting last Tuesday
899
Steamer Switzerland, 25.
THE CHRONICLE
400
give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.:
Below
we
Alamo, steamer, from Galveston for New York, before reported ashore
on Tortugas Reef, and afterwards got off and towed into Key West,
sailed from the latter port, March 20, for destination, where she
arrived March 25.
Hudson, steamer, from New Orleans for New York, rput into Charleston
Harbor, March 13, with loss of propeller. She left Charleston
March 22 in tow of the steamer Louisiana of the same line, and
arrived at New York March 25.
Nesbmore, steamer (Br.), from Baltimore for Liverpool, was passed,
17, by steamer Lessing (Ger.), Voss, at New York, March
The
20, from Hamburg, with high pressure cylinder broken.
Nessmore wished to be towed, but Captain Voss did not think it
prudent to do so, as stormy weather was approaching.
Sapphire, steamer (Br.)—Advices from Nieuwe Diep of date March 5,
state that the cotton salved from steamer Sapphire, from New
Orleans for Bremen, which stranded Dec. 14 on North Shoals, was
sold by auction on that day, and realized 15,987 florins.
Ttnemouth, steamer (Br.)—Advices from Terschelling March 9 say
that au attempt will soon be made to salve the cotton cargo of
steamer Tynemouth.
The vessel lies several feet under water.
Wieland, steamer (Ger.), Hebieli, from New York, March 19, for
Hamburg, returned to former port on the 23d, having been in
collision with bark Cornwallis (Br.), in lat. 40:28; Ion. 05:53. It is
reported that there was a thick snow storm at the time of the
March
.
•
[VOL. XL,
Wednes., Mch .25.
Thurs., Mch. 26.
Fri., Mch. 27.
Open High Low. Clos.
Open High Low. Clos.
Open High Low. Clos.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
March
5 62
5 62
5 01
5 61
563
5 63
5 62
5 02
560
5 61
5 60
5 01
March-Apr.
April-May..
May-June..
5 62
5 62
5 61
5 01
5 63
5 63
5 62
5 02
5 00
5 61
5 00
5 61
563
503
5 62
5 62
6 00
6 00
5 62
5 62
5 01
5 62
5 01
5 0*
6 04
004
6 03
0 03
0 04
004
0 03
6 03
6 02
6 02
0 02
0 0*
d.
■
d.
June-July..
6 08
008
0 07
6 07
6 08
0 08
6 07
0 07
605
600
6 05
6 00
July-Aug...
Aug.-Sept...
6 11
011
6 10
6 10
612
612
0 11
611
600
0 09
0 09
610
615
615
014
014
6 15
6 15
614
6 14
613
613
013
613
pept.-Oct..
610
6 10
6 09
6 09
010
6 10
610
0 10
0 08
6 08
6 08
60S
Oct.-Nov....
5 03
563
5 62
5 62
5 63
563
5 03
563
5 00
5 61
560
5 01
Nov.-Dee...
Dec.-Jan
...
Jan.-Feb....
....
.
.
.
.
.
.
....
....
.
....
....
....
.
.
•
•
*
.
....
.
.
.
•••
.
.
.
•
•
....
....
•
.
....
•
••
... •
.
.
.
.
....
.
....
....
....
•
....
....
....
....
•••
.
.
•
•
•
•••
•
• • •
....
•
• • •
.
.
•
•
BRE ADSTUFFS.
Friday, P. M„ March 27, 1885.
The flour market
quite dull early in the week, and some
prices to facilitate the closing out of
the better grades of St. Louis brands.
But lines of low grades,
suitable to the filling of shipping orders, continued scarce and
Mon.
Thurs.
Fri.
Salur.
Tues.
Wednes
firm.
Later in the week there was some improvement in
inside figures from sympathy with the course of wheat, but
%*
%*
%*
%*
%*
%*
Liverpool, steam d.
Do
sail...d.
without much increase of activity in the dealings. Rye flour
932*
932*
932*
9S2*
Havre, steam—e.
932'
933*
and corn meal were unchanged.
<*•.
Do
sail
c.
The
wheat
speculation opened somewhat depressed, but the
%*
%‘
Bremen, steam..c. %'3>1332* %®1333* %®13 32* %3tl332'
Do
sail
c.
severely wintry weather which prevailed gave currency to
932*
033*
Hamburg, steam.c. ®32 3>5lb* 932®516* 932®5lb* 9o2 3'516*
unfavorable crop accounts, not only as to injury to the winterDo
sail—c.
sown but to the unseasonable lateness of the spring sowing.
45t
451
45)
451
45t
451
Amst’d’m, steam.c.
This somewhat strengthened values.
On Wednesday the
Do
sail...c.
rumors respecting the relations between Russia and Great
Beval, steam—d. 732®%* 732'®%* 732'®14 732®%‘ 732®%* 732^ %’
Britain were again warlike, giving*#, great impulse to the
Do
sail
c.
932*
932*
932*
932*
932*
932*
Barcelona,steam.c.
speculation, and causing an important advance in prices for
716*
716*
716*
716*
716*
716*
Genoa, steam—c.
future delivery. Wheat on the spot did not improve so much,
%*
%>
%*
%*
%*
%*
Trieste, steam...c.
as the export demand continued limited.
Yesterday a lower
Antwerp, steam..c. %®%4* %a>964* % ® 9p.4 * %®964* %®%4* %®9s 4*
opening was fully recovered. To-day wheat was taken more
Compressed.
t Per 100 lbs.
Liverpool.—By cable from Liverpool, we have the following freely for export, and there was a buoyant opening to the
statement of the week’s sales, stocks, &c., at that port.
We speculation, but it subsided and the close was easier.
add previous weeks for comparison.
DAILY CLOSING PRICES OF NO. 2 RED WINTER WHEAT.
collision.
March 18.—Lat. 36:15, near the west edge of the Gulf Stream, a
bale of cotton was passed which apparently had been aflie.
Cotton freights the past week have been as follows:
—
—,
„
....
....
....
....
....
....
....
....
....
....
...
....
....
•
«...
...»
....
....
....
•
••
.
....
.
•
r
....
•
.
« •
....
....
....
....
.
....
....
....
....
....
...
reductions
were
was
made in
....
....
*
March 6.
Bales of the week
bales.
Of which exporters took ....
Of which speculators took..
Bales American
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
March 13. March 20. March 27.
39,000
35,000
3,000
4,000
2,000
2,000
Of which American
Amount afloat
Of which American
26,000
6,000
19,000
974,000
752,000
5,000
22,000
990,000
767,000
88,000
72,000
62,000
51,000
200,000
163,000
232,000
187,000
43,000
5,000
45,000
4,000
2,000
2,000
30,000
24,000
31,000
5,000
7,000
18,000
11,000
981,000 1,005,000
768,000
781,000
62,000
55,003
44,000
53,000
196,000
152,000
192,000
140,000
Note.—Recount of stock—East Indian increased 14,000 bales.
The tone of the Liverpool market for spots and futures each
day of the week ending March 27, and the daily closing prices
erf spot cotton, have been as follows:
Toes.
Mon.
Sat.
89%
rn elevator
March delivery
893*
April delivery
87%
88%
88%
May delivery
June delivery
89%
91%
9038
92
90
883*
89
90%
92%
93
—
93
July delivery
92%
August delivery
93
September delivery
94%
Indian corn futures have
(
Market,
6
6
6
6%b
6%«
6%e
8.000
7,000
1,000
6
Bales
6%6
6,000
500
1,000
pec.&exp.
favor.
demand.
maint’n’d.
Mid. Upl’ds
Mid.OiTns.
Wednes.
Quotat’ns Moderate In buyers’
fully
Firm.
$
12:30 p.m.
Tuesday.
Thursd’y.
Friday
Fair
business
Quotat’ns
7,000
6%e
8,000
7.000
1.000
1,000
1,000
6%«
91%
90%
911s
92%
94%
95%
Fri
91%
90%
91%
90%
95%
95
92%
91%
92%
94
sympathized largely with wheat,
The
regular trade has, however, been much more active, large
lines having been taken for export. The late season does not
seem to be regarded as having any significance in relation to
the prospects of the next crop.
To-day the export movement
was quieter, but the speculation fairly active.
and the influences
which have affected that staple.
Mon.
Sat.
barely
supported
6
doing.
6
Thurs.
....
DAILY CLOSING PRICES OF NO.
Saturday Monday.
Spot.
Wed.
91%
2 MIXED CORN.
Tues.
Wed.
Thurs.
Fri.
49%
50%
50%
50%
49%
49%
April delivery...!
May delivery
49%
49%
49%
49%
49%
50
49%
50
50 1
50%
50%
51
50%
50%
50%
50%
50%
50%
June delivery
50
50
50%
51
51
50%
July delivery
51
51
51%
52
52
52
In elevator
March delivery
*
Rye, barley and barley malt have been very quiet, and not
Futures.
very firmly held.
Oats have not been in
much demand for export,
and the
speculation has not sympathized with that which the warlike
Quiet
Barely
Barely
Market,
Barely
advices have stimulated in wheat and corn.
There is, conse¬
but
Steady.
Steady.
5 P. M.
sLeady.
steady.
( supported steady.
quently, very little cf interest to note in the market, nor have
The opening, highest, lowest and closing prices of futures at the
changes in prices been of much significance. To-day
Liverpool for each day of the week are given below. These there was some revival of export and more speculation, but
prices are on the basis of Uplands, Low Middling clause, unless
prices did not advance.
otherwise stated.
The following are closing quotations :
The prises are given in pence and GUhs, thus: 5 62 means
Market,
12:30 p.m.
Steady at
(
J
)
1-04 ad¬
Dull.
Steady at Unsettled,
Quiet
Dull.
but
steady.
vance.
2-04 de¬
cline.
so
at 2-04 de¬
cline.
5 62-64f?., and 6 03 means 6 3-64(7.
March
FLOUR.
Fine
Sat. Meta. 21.
Mon., Mch. 23.
Tues., Melt. 21.
Open High Low. Clos.
Open High Low. Cl08.
Open High Low. Clos.
!
d.
d.
d.
d.
0 01
6 01
6 01
0 01
Superfine
Spring wheat extras.
d.
d.
d.
d.
d.
d.
j 0 01
6 01
601
6 01
0 00
0 00
6 00
0 00
0 00
d
March-Apr. 0 01
001
0 01
0 01
!
6 01
0 01
0 01
6 01
0 00
0 00
600
April-May..
0 03
0 03
.6 03
0 03
; 6 04
6 04
0 03
0 03
0 02
6 02
0 01
6 01
May-June..
0 0?
0 07
6 07
0 07
0 08
0 08
0 08
0 08
| 0 00
0 00
6 06
6 00
0 11
011
Oil
0 11
I
0 12
0 12
012
0 12
010
010
0 10
6 10
0 15'
0 15
0 15
1
0 10
015
0 16
0 15
6 14
6 14.
0 13
0 13
0 18
6 18
0 18 !
i o io
0 10
0 18
0 18
0 17
0 17
010
010
0 12
0 12
0 12
0 13
0 13
013
0 12
0 12
0 12
0 12
June-July..
July-Aug... 0 15
Aug.-3ept... 0 18
Sept.-Oct... 0 12
Oct.-Nov...
Nov.-Dee...
Dec.-Jan
Jan.-Feb...1.
....
....
,,,,
•
...
....
•
•
•
•
....
•
•
.
....
.....
....
•
....
....
•
•
.
....
0 13
....
....
•
.
•
•
•
♦
•
•
•
•
....
..
•
•
•
■
•
•
•
•
,,,,
...
....
•
•
•
•
«
•
•
....
....
.
.
•
....
....
....
...
•
•
•
$ bbl. $2 35®
•
•
•
•
....
•
•
•
•
...
....
Minn, clear and stra’t.
Winter sliipp’g extras.
Winter XX & XXX..
Patents
City snipping ex
South’n com. extras..
2
3
3
3
4
4
3
3
so®
10®
75®
20®
50®
50®
10®
50®
2
3
3
5
3
5
5
4
4
90 i Southern bakers’ and
25
^4 75® 5 50
family brands
3 50® 3 85
50 Rva flour, superfine..
Fine
2 50® 2 80
25
50 Corn meal—
3 00® 3 25
25
Western, <feo
3 25® 3 30
65
Brandywine. Jte
65 Buckwheat flour per
2 30® 2 50
65
100 lbs
GRAIN.
Rye—Western
Wheat—
Spring,per bush.
Spring No. 2
Red winter, No. 2
Red winter
White
Coru—West, mixed
West. mix. No. 2.
West, white
White Southern..
Yellow Southern.
82
90
90
SO
81
49
ni 00
®
92
92
a
®
99
®
95
52
®
50% ® 51 %
51
®
53%
55
®
65
49% ® 52%
State
Oats—Mixed
White
70
73
36
®
®
©
36%®
37
No. 2 mixed
No. 2 white
Bariev—No. I Canada. 88
78
No. 2 Canada
68
State, six-rowed
®
®
®
'®
71
75
38%
41
38%
38%
90
80
72
THE CHRONICLE.
March 28, 1885. j
401
The destination of these exports is as
The movement of breadstuffs to market is indicated in the
the figures of the New corresponding period of last
the receipts at Western
Flour.
lake and river ports, arranged so as to present the compara¬
Exports
tive movement for the weekending March 21 and since Aug. 1
1885.
1884.
for week
statements below, prepared by us from
York Produce Exchange. We first give
Oats.
Com.
Wheat.
Barley.
Rye.
Ebls.lMlbt Bush.60 lbs Bush.53lbs Bush.32 lbs Bush.48lb8 Bush.50 V
Chicago
161,928
13,034
1,590
1,535
2,151
Milwaukee..
Toledo
’
Detroit
Cleveland.
St. Louis
Peoria
Duluth
..
26,665
....
1,300
—
Tot.wk. *85
208,203
Same wk. ’84
Same wk. ’83
Since July 28
1884-5
1888-4
1882-8
157,480
173,132
16,000
595,180
31,300
2,155
22,880
10,000
567,980
72,747
270,020
102,070
248,518
196,808
69,311
90,850
50,450
04,870
1,800
87,990
1,325,030
2,880
69,032
150,620
819,063
574,961
756,326
2,408,748
2,502,471
8,260,615
s
994
30,443
6,780
1,049
12,383
2,000
52,200
22,800
18,150
6,000
210,242
100,307
'
406,920
02,422
240,394
329,001
45,740
89,087
0,740,376 86,010.318 65,785,007 40,047,933 14,510,480
6,188,192 58.737,815 82,795,383 42,910.012 14,931,899
0,798.065 62,075.624 63,003,447 35,179,018 13,258,414
3,971,150
6,000.020
806,338
1,113,081
1,015,263
1884-5.
Wheat]
2,836,924
bush.
Com
4,617,137
23,690.762
Oats
9,417,511
Barley
1,791,264
479,262
Rye
Total grain
Below
39,995,936
are
the rail
1883-4.
1882-3.
1881-2.
2,490,589
1,809,492
4,969,964
21,187,692
9,274,793
3,362,658
4,208,246
15,496,730
6.817,272
1,356 540
669,135
497,652
617.379
33,380,214
39,292,764
28,496.167
Week
March 22
The rail and lake
weeks were:
398,272 ''
53,375
92,605
158,706
3,597,451
3,205,243
2,509,297
482,812
1,831,332
bush.
448,272
386,227
282.323
320,462
Tot., 4 W.. 812.035 1,437,284
4w’ks!84.. 704,727 1,452,209
237.605
715,364
Corn,
Oats,
1,387,285
541
950
156,355
131,051
bush.
bush.
28,079
8,582,118 4,335.122
7,161,999 2,884,714
676,492
426,107
170,941
267,300
Com,
Oats,
bush.
bush.
Total week... 323,335
CM*, week ’84.. 232,991
286,125 1,245,130
18,050 262,720
30,644
12,703
600
14,105
155,700
149,126
181,200
544,250
Barley,
833,150
103,478
2,500
5,780
80,000
35,057
bush.
347,071 1,736,226
663,514
8,856
758.175
3,885
61,415
Mar. 21.
Mar. 22.
Mar. 21.
Bbls.
Bush,
17,189,930
15,775,779
43,344
1,000
Bush.
Bush.
433.774
West Indies.
Brit. CoPnies
0 th. countr’s
498,588
335,098
37,688
13.071
91,962
1881-2.
bbls.
3,267,031
2,800,566
3,758,054
2,801,812
bush.
7,470,053
27,602,404
7,542,108
1,679,607
4,197,305
12,914,291
23,604,567
5,482,940
1,261,653
6,844,036
8,942,604
5,051,829
236,921
13 L,310
43,500,372
22,454,881
1,485,102
The exports
from the several seaboard ports for the week
ending March 21, 1885, are shown in the annexed statement:
Com.
Flour.
Bush.
Bush.
Bbls.
198,902
30,644
573,965
47,640
12,703
76,069
53,066
3,124
87,987
i 20,596
161,462
329,056
22,253
1,633
711,400
10
338,129 1,736,226
156,155
347,071
131,051
Oats.
Bush.
266,544
94,570
3,052,728
237,300
383,579
492,974
350,305
250.130
5,125.502
1883-4.
Bush.
140
8.010
20,023
18,278
17,507
19,454.087
7,212,552
803,940
250,083
49,128
04,419
4,537,035
33 028.483
24.877.081
27.810,795
15,006,770
9,751,844
1,200
31,078
Mar. 22.
16,855,290
5,370,377
1,120,120
249,732
98,546
113,029
23.819.100
Oats,
Barley,
bush.
biish.
bush.
987,290
305,951
9,500
787,811
259,189
204,242
66,000
4,794,270
353,795
1,400
142,318
7,537
5,276,405
5,981.066
101,000
2,682,394
1.172,265
122.000
2,212,007
49,402
....
Newport News...
Milwaukee
Duluth
Do afloat
Toledo
Detroit
__
St. Louis
Cincinnati
Boston
Toronto
Philadelphia
Peoria
Baltimore
Down Mississippi.
On rail....
Tot. Mar. 21,’85.
Tot. Mar. 14,’85.
Tot. Mar. 22, *84.
Tot. Mar.24, 'S3.
Tot. Mar.25, ’82.
Rye,
bush.
346,310
279,008
147,529
4,712
81,730
13,700
2,311
129,572
9,387
77,352
19,338
32, loO
3.226
46.000
136,831
57,100
7,000
11.636
28,905
98,717
24,043
50,000
307.374
69,342
19,326
11,911
33.183
50,671
353,783
500
186,007
795,904
6,690
2,435
290,909
127,069
62,000
114,917
131,794
6,315
15,961
166,521
218,134
49,000
80,000
541,449
1,113,467
Indianapolis
Kansas City
,
Corn,
bush.
1,256,330
15,882,271 2,196,626
afloat
Oswego.
Wheat,
505,343
50,000
822,277
541,649
2,013,512
1,230
5,738
54,070
889,357
'
2,792
7,851
50,000
5,051
76,144
29,435
168,829
35,112
14,516
2,500
12,609
17,082
385
3,850
17,555
598
15,147
•
•
■
m
a
209,906
4,178
36,621
43,766,592 8,194,563 3,092,075 1,386,975
364,670
43,772,372 8,412.478 3.020,419 1,539,660
435,240
29,554.420 17,551,096 4,770,510 1,632,487 2,363.223
22,856,591 16,593,451 4,545,239 1,824,368 1,917,546
12,562,355 10,414,982 1,759,102 1,237,282 1,041,599
THE
DRY
GOODS
TRADE.
Business in the wholesale branches of the dry
goods trade
only moderate the past week, the demand for spring and
fabrics having been checked by the unseasonably
summer
1882-3.
23,536,371
1884-5.
Mar. 22.
S. & C. Am...
was
1883-4.
Total grain.... 44,531,763
1883-4.
Aug. 25 to Aug. 27 to Aug. 25 to Aug. 27 to
Friday, P. M., March 27, 1885.
600
1884-5.
237,591
1884-5.
Com.
Bbls.
1,200
59,400
653,750 2,912,977 1,121,380 84,075
441,453 1,476,466
432,701 163,685
12,574,023
4,372,455
1,841,718
550,870
Wheat.
1883-4.
3,504,304
6,600
2,860
758,175
4,351
Bye
bush.
16,875
receipts at the same ports for the period from Dec.
22, 1884, to March 21, 1885, compare as follows for four years:
Wheat,
333,129
Aug. 27 to
CJn. Kingdom
Continent...
Do
53,375
46,253
43,234
The total
Barley
16,424
130
Mar. 21.
Chicago
bush.
bush.
168,525
195,295
189,417
123,255
bush.
Rye...-
1884-5.
Aug. 25 to
Buffalo
Rye
2,221,950 1,231,676
3,024,581 1,360,193
1,906,109 1,070,960
1,429,478
672,293
Wheat,
J
Total...
2,848
18,933
8,467
Albany
24,145
Barley,
bbls.
148,286
61,400
3,565
6,101
Philadelphia... 33,534
Baltimore
52,232
Newp’t News..
New Orleans... 18,217
..
12,875
In store at—
New York
Do
afloat <est.)
ports for last four
same
Flour,
At—
New York
Boston
Portland
Montreal
Total w’k.
8’me time
1884.
3.467
9,969
Bush.
443,841
293,429
follows:
55,316
The receipts of flour and grain at the seaboard ports for the
New York
Boston...
Portland.
Montreal.
Philadel..
Baltim’re
N. Orl’ns.
N. News.
Contin’nt
S.& C.Arn
W. Indies
Brit, col’s
Oth.c’n’ts
Bush.
796,586
903,866
29,240
6,534
supply of grain, comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, March 21,1885, was as
354,855
week ended March 21 follow:
Exports
from—
229,448
117,623
Montreal
bbls.
-
639,788
shipments from
Wheat,
289,597
268,533
237,374
Feb.28,’83 216,531
Wheat
Com
Oats
Bush.
252,161
85,968
The visible
102,165
178.009
1,177,128
660,539
258,331
35,290
Flour,
Mar 21,’85
Mar 14,’85
Mar. 7,’85
180,361
203,242
1,177,606
168,525
Total...
Flour
Bush.
83,689
6,535
12,477
1884.
Week.
Mar. 22.
at the
1883.
1882
Week
Week
March 24. March 25.
1884.
l
1,799.673
Barley
Rye
.
Bbls.
126,455
Total
4,109,708
19,018.663
7.922,413
1,660,295
271,953
bush.
Corn...,
Oats....
Week
endina—
Bbls
Un-King.
3,458,142
2,146,180
1885.
Week
March 21.
WTlieat..
Mar. 21.
Mar. 22.
Aug. 25, to—
shipments from Western lake and river
bble,
Mar. 22.
Mar. 21.
Flow-.
ports for four years:
Flour..
Week,
season:
follows:
Flour... ....bbls.
1885.
Week,
By adding this week’s movement to our previous totals we
following statement of exports this season and last
shipments of flour and grain from the same
ports from Dec. 22, 1884, to March 21, 1885, inclusive, for four
as
1884.
Week,
Em orts since
show
1885.
Week.
Mar. 21.
Com.
have the
The comparative
years,
Wheat.
,
Flour.
Receipts at—
below. We add the
for comparison:
Week,
to—
for each of the last three years:
year
Rye.
Peas.
Bush.
Bush.
61,919
3,650
361,314
61,919
3,650
2,530
8,255
34,914
cold
prevailed the greater part of the time.
with commission houses and importers were
weather which
Transactions
hand-to-mouth character, but California buyers
were more liberal in their purchases because of the low rates
at which they were able (for a time) to make shipments to the
Pacific coast. The jobbing trade opened quiet, but became
rather more active before the week closed, owing to a favora¬
chiefly of
a
in the weather, which stimulated the demand for
certain fabrics that have been sluggish of late. Accounts from
ble change
the West and Northwest indicate
goods
are
that large quantities of
passing into the channels of consumption in those
sections, but reports from most of the Middle, Eastern and
Southern States show that there is still ample room for
improvement in the business situation.
Domestic Cotton Goods.—The exports of domestics for the
week were 6,744 packages, including 3,647 to China, 1,219 to
Great Britain, 700 to Arabia, 455 to Hamburg, 286 to Brazil,
117 to Mexico, 94 to U. S. of Colombia, &c.
The demand for
staple cotton goods at first hands was spasmodic and irregu¬
lar, some fairly active days having been followed by others of
conspicuous quiet. Brown and bleached goods were only in
THE CHRONICLE.
402
fVot. xr*
|
the beet makes were relatively more made through their medium, but at prices which left a very
active than outside brands. Colored cottons, as denims, &c., slim margin of profit to the owners.
Importations of Dry Goods.
were taken in fair quantities by jobbers and the manufactur¬
The importations of dry goods at this port for the week
ing trade, but slight price concessions were found necessary
in order to quicken their distribution.
Some large lots of ending Mch. 26, 1885, and since January 1, and the same facts
grain bags were quickly disposed of, and there was a good for the corresponding periods are as follows: •
steady movement in white goods and quilts. Prices of nearly
all plain and colored cottons continue very low, and unremunerative to manufacturers. Print cloths were in light de¬
on
®8>
Sr P. ■ ! i et
mand and easier on the basis of 3J^c. less ^ per cent for G4x
g:
.
•
p
:
2:
d
0 • • ; • a>
64s, “futures,” 3 l-16c. plus 1 per cent for 64x64s, “spots,” and
*
• I J 0D
2%c. less 1 per cent for 56x60s. Prints were less active than
1
2!
anticipated, but a considerable distribution of ginghams, wash
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fabrics, &c., was made by agents and jobbers alike.
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Domestic Woolen Goods.—Operations on the part of the
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clothing trade were more numerous than of late, and a
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moderately increased business in men’s-wear woolens was
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an utter absence of snap in the demand.
Worsted coatings
and suitings continued to meet with a fair share of attention,
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and considerable orders were placed in this connection. Fancy
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cassimeres ruled quiet, aside from a few prominent makes, in
© CO M tO
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which a fair business was done by agents, and there was a
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steady though moderate
for beavers and rough-faced
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overcoatings by clothiers.
Cotton warp cassimeres were
X © X©
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there was a continual brisk movement in Jersey cloths, and
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Ladies’ cloths, tricots, all-wool sackings and suitings continued ©
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in very fair demand, and there was a moderate business in CO moo
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staple and fancy worsted dress fabrics.
Foreign Dry Goods.—Importers have experienced a steady
£
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tive requirements, and transactions were moderate in the
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by no means as brisk as could be desired. The auction rooms © © M
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were pretty well supplied with silks, Hamburg embroideries,
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moderate demand, and
Total
tr; Irl
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|:
•
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Miscelanou MLanufotres
market. consumpt
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Ent’dfor Total
I
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Flax Silk Cot n Wool
of—
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14,283 40,305
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1,704 2 40,35 197,41 2,67 5,63 37,23 87,53
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“gStcstcrtt
N. W. Harris &
INVESTMENT
STREET,
SELLING AGENTS
&
Geo. II. Gilbert Mfg. Co.,
Arlington Mills,
Renfrew
Freeman Mfg. Co.,
Lincoln Mills.
TxO, and Car Trust Bought and Sold.
And all kinds of
*±,\\
vopc-558 & 60 Worth Street, and
ium^35 & 37 Thomas Street.
COMPANY
Transact
a
Fabyan & Co.,
Mortgage Bliss,
New York, Boston, Philadelphia,
LIMITED,
SELLING AGENTS FOR LEADING BRANDS
LONDON, ENGLAND),
(OF
general Financial and Agency Business In
ESTABLISHED
P.
AND
C. E. WELLESLEY,
General Manager,
Dallas, Texas.
OLIVE STREET,
Towels, Quilts, White Goods A Hosiery
Drills, Sheetings, <£c., for Export Trails.
1871.
Bullard &
119
BAGGING
jpecialty. Good Investment Securities, paying from
to 10 per cent, for sale.
D. G. FONES, (
STATE BANK. > C. T. WALKEH
1 Incorporated 1875.>
Cashier.
-
-
-
Bank,
$200,000
Prompt attention given to all business In
our line.
N. Y. Correspondents.—Importers’ & Traders
Nationu IBank and National Bank of tho Republic
George Eustis & Co.,
BOSTON.
YORK.
AND
IRON
BANKERS,
TIES,
IMPORTERS OF IRON TIES
White JMYg. Co.,
B A G G IN G.
WARREN, JONES & GRATZ
ST. LOUIS, Mo.
Manufacturers’ Agents for the sale of Jute Bagging
Eugene
Successor
to
STATIONER
IMPORTERS
1855.
ESTABLISHED
R. Cole,
COLE,
SEARS
AND
&
PRINTER,
IRON
will have their
WILLIAM STREET,
(HANOVER SQUARE.)
or¬
OF
COTTON
TIES.
“office
CARPETS.
Supplies Banks, Bankers, Stock Brokers and Corporatione with complete outfits of Account Booka
and Stationery.
New concerns organizing
ders promptly executed.
No. 1
CINCINNATI, OHIO.
Atlantic Cotton Mills,
Mfg. Co.,
TJnderwear and Hosiery Mills.
(FOR BALING COTTON.)
Agents for the following brands of Jute Bagging,
‘Eagle Mills,’’“Brooklyn City,”“Georgia,’’“Carolina,
‘Nevins. O,” “Union Star,” “Salem,” “Horicon Mills,”
Jersey Mills ” and “ Dover Mills.”
ROCK, ARKANSAS.
-
J5 CnAUNCEY
St.,
Ellerton New Mills,
Uncasville
JLANE,
4
Capital (Paid In)
Joy, Lincoln & Motley,
Street,
80 & 8S FRANKLIN
NEW YORK.
Chicopee Mfg. Co., Peabody Mills,
Saratoga Victory Mfg. Co.,
Wheeler,
MAIDEN
NEW
Defaulted Bonds of Missouri, Kansas and Illinois a
LITTLE
supply, all Widths and Colors, always in stock
No. 109 Duane Street.
Ocean Mills Co.,
ST. LOUIS,
German National
A full
STATES BUNTING CO.
AGENTS FOR
Dealers In Western Securities.
President.
SHEETINGS,
PRINTS, DENIMS, TICKS, DUCKS, &C.
F. Keleher & Co.,
305
Also, Agents
UNITED
BROWN & BLEACHED SHIRTINGS
the State of Texas and Europe.
New York Correspondents:
Blake Bros. & Co.,
Wall Street.
CANVAS,
DUCK,
CAR
FELTING
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, &C., “ONTARIO” SEAMLESS
BAGS, “AWNING STRIPES.
COTTON
THE
Texas Land &
COTTON SAIL DUCK
BOSTON, 31 Bedford Street..
vpw
Co.,
Manufacturers and Dealers In
Mfg. Co., James Phillips, Jr.
State, County, City, Town, 8choo
The funding of entire issues receives special atten
tion. Write us if you wish to buy or sell.
Brinckerhoff, Turner
FOR
Fitcliburg Worsted Co.,
George Whitney,
Continental Mills,
CHICAGO, ILL.
-Dv/TN
©ommrrriat Cards.
(Carets.
Co., Brown, W ood &Kingman
BANKERS,
DEARBORN
No. 176
OTpmntcrcial
gmiluvs.
Before buying your Carpets, Linoleum, Oil
Cloths or Mattings, call aL BENDALL’S
Carpet Store, 114
Fulton St., basement
If not con¬
Cheapest place in the city.
venient to call, send for samples.
floo*.
@FedFRASER