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HUNT'S 3IEIICHANTS' MAGAZlxXE,
REPRESENTINQ THE INDUSTRIAL AXD COMMERCIAL IXTERESTS OP" THE UNITED STATEa
Entf red aeeordlng to net of Congrea«.
VOL.
In the
NEW
40.
n Dx^x A Co..
year 1838 .by Wm.
In the ollico ot the Librarian of
YORK, MARCH
^ittawclal.
NO.
28, 1885.
^iuaucial.
SEW CHURCH
Trinity Place,
DIAMON DS.
ST.,
VORK.
3WK"W
Founded
ButtltirMi
] 79f>.
InmrtWTBtrd ouiIiT iMvt nt SIbIo or
Xci. Vi>rk, IS^'i,
Foreign Covernments.
Members N.
ENGRAVIXO AND PRINTING.
BANK NOTIvS Sll MIK CEKTIFU'ATKS. RnM»s
FOK <;0\KIIN.MK.NT» AM« OOKPOUATIO.NS.
ORAFTS rMK<KS. RII.I.<< OF F.XCll AN«F..
STAMPS .&(•. In the flnenl Bnil moAt urtlntle «tyle
FIEOM STEKL PLATKS.
S.
W.
Cor. Third
SAFETY PAPERS.
rxeeuteii In Fireproof Bnlldhiff*'-
UTHOORAPHIC AND 7TP£ PglNTINO.
ItAIUVAV TUKKTM «F IMPISOVKB
STYI.Kt*.
r^how i'urdN, l.Mbel«, Culendurr..
BLANK BOOKS OF EVERY DESCRIPTION.
ALBERT G. GOODALL. President.
VUKl'KKSIDENTS
A. D. SNEPARD.
]. MACDONOUGH,
W. M. SMILLIE.
TOURO ROBERTSON.
THEO.
p.
POTTKR,
Pre«'t.
FREELAND.
H.
Bankers Sc
J.
Secty.
&
w. Work, Cuhler.
R.
CAPITAL,
9400,000
400,000
8DRPI.VS,
Aco)niit< of Bank! and Bankera solicited.
Collections made upon favorable terms.
Ooremment Bonds bought and
sold.
CorainilKslon Stock
Member N.
W.
B. D. VT8B.
T. Stock Exchange.
Vyse & Son,
Bnnob
31
Office
&
7 Exchange Court, N. Y.
at the Everett Uouse, Union Sqaare
and ITth Street.
Gilder
33 BROAD
4c
&
Farr,
ST., NBW VORK.
Securities carried on
Oorernment Bonds and
Margin.
c»ther
Investment
Securities bought and sold on commlsson.
attention to orders bj mall or telegraph.
Special
TINKER & WESTON,
BAKKERS AND
BROKERS,
No.
E X C II A N G B C O
New York.
3
Bnntr
C.
Tinkir, Member K. T. Stoek
t;
RT
,
Bzeli.
STOCK BROKER.
Lansdale Boardman,
NEW YORK, 80 BROADWAY & 5 NEW ST.
TROY,
N. Y., No. 17 FIRST STREET.
Btoek Excb'ge membership; private wire: all facilities
Co.,
BANKERS AND BR0KBR8,
No. 18 Wall Street,
New York.
Seventeen Years' Membership In the
Stock Exchange.
Altred
James Whitklt.
B.
New York
Tratkks,
)
'** tlfth Ave.,
New
Bo a utrlrtly
Co.,
UNITED BANK BUILDING,
DEALERS IN
Miscellansoiu Secaritles.
Southern SeeurUiea a BpeciaUy.
aiHAM DEWISO. CLARK DEWINO. F. T. BONTECOU.
(Member of New York Stook Exchange.)
H. Dewing & Son,
BANKERS AND BROKERS,
New York.
Stocks and Bonds Bought and Sold on Commission
Accounts received and Interest allowed on ballanoea, which mar be checked for at sight.
Iowa Loan A Trust Co. 6 per cent Debentures
bought and
sold.
BONDS and
Co.,
Business In
GIt.VIN,
NEW
WALL
&
Simon Borg
lYALL STREET,
No. 8
DEALERS
IN
Co.,
NEW VORK.
ALL KINDS OF
Railroad and luTestment Secnritim.
80CTBBBH BBODSrmS A BntOIAtTT.
&
Gilman, Son
Co.,
BANKERS,
CEDAR STREET.
Banking Bosinesa, bnj
In addition to a General
and
Sell
Government Bonds and Inveetment
Seenrl-
tlM,
C.
BaOAUWAYANO WALL STRBKT, NBW YORK
No. 18 Wall Street,
&
Coninilsfiloii
STOCKS,,
No. «a
&
BANKERS AND BROKERS,
&
NEW ¥OBK.
StocK Exchange.}
With PrlVHte wires to ClIICAliO, BALTIMORE,
I'lIILADtLl'HlAana lutermcdinte Points.
No. 17
ST.,
YORK.
Boston and Pittsburg.
Railroad
New york
BANKERS AND BROKERS.
York.
Bujr and sell on commission all classes of Railroad
Securitles^Iso Grain and Provisions.
Private Telegraph wires to Philadelphia, Wilmington, Baltimore, Washington, Bridgeport, New ilavan.
R. A. Lancaster
Bishop,
ANT) BROKERS,
PINE STREET,
(Mcsabera
Special Partner.
Prince & Whitely,
64 BROADWAY, NEW YORK.
No.
RRANrn nrwjnv
BANKERS
Aooonnts of Banks, Bantcers ajid others recetrvdU
Interest allowed on Balances. A Btrictly t^1mmlflU)B
Bostness in the purcbaae and sale of stocks and tXMidl.
Prtvate Telegraph Wire to AltMuiy. Troy, dTrmeos*.
Rochester, Utica, Butbto, Cleveland and Cbloas*
Draw OD City Bank or London in amooDU to soJu
Special attention r Iren to 8ecarltles for UiTMtinMkt,
Ix>dn8bbrt.
Harry C. Looa.v,
Mayvakd o. Btrb,
Henry U. Dodoe, Washington, D. C.
B.
&
Hamilton
h. Cruoeb OAEurr,
BANKERS AND BROKERS,
Interest paid on Balances.
panies.
John H. Davis
&
Kimball
J.
WM.
BANKF. RS AND BROKERS,
Brokers
NEW
Robert J. Kimball.
56 Broadway
SECURITIES
Buy and sell on commission ail classes of Stoek
and Bonds, for cash or on margin.
Agents for Banks, Bankers and Railroad Com-
No, 35
Cox,
68 BROADW.VV,
YORK.
Deposits received snijirt to check nt sight, and
Interest allowed on d;iii v l.jilitnces. All Stocks and
Securities dealt in at the .New Vork Stock Kxchange
buught and sold on Commission, for Cash or upon
.No.
BOSTON.
Vtm.
BROADWAY.
74
Members N.Y. Stock Exchange.
IN FIRST-CLASS
LNYBSTMBNT
tUAHLES F. COX.
Y. Stock Kxcbange,
Carolin
.Margin.
a.
&
B. Hollins
Co.,
BANKERS AND BROKERS,
Investment Seourltiee.
Private wire to New York. Baltimore and other place.
Member N.
an4
Frank CHOLLIirf
F.A.YzNAGA.
H.
DBALBRS
Deposits received subject to check at sight, and
Interest allowed on dallv balances.
Stocks. Bonds, Ac., bought and sold on commission lo
Philadelphia and other cities
Partlonlar attention given to information regarding
Maverick National Bank,
Tbomas
OOYEKNMBNT, MUNICIPAL
H.B.HOLI.IN8.
and Cbeatunt SU.,
Wm. V. CAROI.IS,
STAYNER, Tieas
ASA.
sell
Bonds.
Private telegraph wires to Providence and Boston.
G. B. TAINTOR.
GEO. U. HOLT.
O. D. L'HUILIER.
Co.,
PHILADELPHIA.
:
G. H.
a GENERAL BANKI.VO buslneM.
received and INTEREST allowed oa
DEPOSITS
Coinpuir.
SAFETY COLCRS.
Work
WALL STBEET, NEW YORK.
balances.
BANKERS,
In I'RKVKST fOINTKKFHTIM..
iiafMTN utaiiiifBfturvd escliuiTrlj for
lh.>
&
No. 10
Buy and
and PhlladelpbU Stock Uxcbanges
H. Taylor
L.
NPUIll. SAFKia Aims
um> of
r.
Holt,
BANKERS,
RAILROAD
182 Broadway, Cor. John Street.
BONDS, POSTACE & REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
NOTES of the UNITED STATES; and for
SiM..-[aJ
Co.,
IMPORTERS,
Kcorsaulxed 1M;9.
1,031.
TRANSACT
&
Alfred H. Smith
Engravers and Printers of
Mfllli
&
Taintor
Bank Note Company,
f;
^itmiuctat.
AMERICAN
58
CongroM. Wmhlnjfton. D.
Turner,
J.
FIFTEEN YEARS' .ME.MBER8HrP IN THB
NEW YORK STOCK EXCHANGE,
Nos. 16
18
dc
BROAD STREET,
NKW
A. B.
Batbmah,
Memb.N.Y. stock Exch.
YORK.
Dodslass SRinr,
Memb.N. Y. Cotton BzM
W. W. DUDLEY.
OREEN
38
WALL
4c
BATEMAN,
STRKKT,
NKW
YORK.
Stocks, Cotton and Forelcn Kxcliaaa
Private Wire to WisMngton.
.BATKMAN A CO-
WA8BIS0TOII. D.
C.
J
THE
CHKONlCi^ii
|!f0treiBn
&
Morgan
Drexel,
Drexel &
Street. 31
Boalevard Hatusmann,
Securities
Deposits received subject to Draft.
Oonsnt and sold on commlaslon. Interest allowed on
Deposits. B'orelKn BxchanRe. Commercial Credits.
Travelers.
Circular Letters for
Cable Transfers.
Tillable In all parts of the world.
ATTORinSVS AND AGENTS OF
& CO.,
niessrii. J. S.
AND THEia COERESPONDENTS.
Draw Bills of Exchange on, and make Cable Transfers to, England, i'rance and Germany.
& W. Seligman & Co.,
J.
&
Co.,
No. 69 W^Al,!. STREET, N. Y.,
BUT AND SKLL
OF EX€HANOE
BIL.L.S
IRKLAND, FRANCE
ON OBBAT BRITAIN AND
OHKMANY, BELGIUM, SWITZERLAND, NORWAY, DENMARK, SWEDEN AND HOLLAND.
iBsne Commercial & Trarelers' Credits
No. 33
And
Berlin.
Pavahle in any part of Europe, Asia, Afrlos,
Antand America.
^ „
Bills of Exchange and make Telexraphlc
Transfers of Money on Europe and California.
sralia
all
Canada, and of Drafts drawn In the
United States on Foreign Countries.
J
33
ail
New York Stook
securities dealt in at the
Exchange.
KOUNTZi: BROTHERS,
BANKERS.
120 Broadway, Equitable Building, New York,
LETTKUS OF CREDIT AND
OIRCVI^AR NOTES
Issued for the use of travelers In all parts of the
world. Bills drawn on the Union Bank of London.
TGlejrraphic transfers made to London and to variouB
places Id the United States. Deposits received subject to check at siKht, and Interest allowed on balr
ances. Quvemment and other bonds and investment
securities bought and sold on commission.
%mihzxB aud
%xxx\\zxs.
&
Henry
PATOX
JESrP,
P. O.
CO.,
&.
Acooiints and Agency of Banks, Corporations,
Individuals received upon favorable terms.
Dividends and interest collected and remitted.
Act as aKents for corporations In paylu,^ coupons
and dividends also as transfer agents.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought
Arms and
sold.
DRAW ON
1,42.;.
Receive deposits subject to cheque at sight and
allow interest on daily balances.
Government, State, County, City and Railroad
bonds constantly on hand for sale or exchange, and
particular attention given to the subject of Invest
meuts for institutions and trust funds.
THE UNION BANK OP LONDON:
AND
BRITISH LINEN CO. BANK, LONDON
SCOTLAND.
NEW YORK*
ST.,
BOX
Transact a general banking business, Including the
purchase and sale of securities listed at the New
York Stock Exchange, or in the open market.
63 William Street, Nenr York.
and
Co.>
BANKERS,
NASSAU
No. 25
Co.,
&
Ives
S.
&
C. Walcott
J.
Co.
Co.,
BANK OF SCOTLAND, COMMISSION MERCHANTS,
stocks and Bonds bought and sold on Commission.
Orders received in Mining Stocks, and in Unlisted
Becurlties. Collections made and Loans Negotiated.
Dividends and Interest Collected.
Deposits received subject to Draft.
Interest Allowed. Investment Securities a Speolaltr
We issue a Financial Report Weekly.
iTIANCHESTER & COUNTY BANK,
"LIMITED;"
MANCHESTER, PAYABLE IN LONDON
&
BANKERS
Maitland, Phelps
!
ULSTER BANKING COMPANY,
BELFAST, IRELAND;
AND ON THB
ANB
EDINBURGH, AND BRANCHES;
22
ALSO,
CABLE TRANSFERS AND LETTERS OF CREDIT
LONDON;
PARIS:
NEW YORK:
S^^.'EfoimcfV.TBoaE.DAVIS.W.O.H.HKATH.
William Heath & Co.,
B/1KKER») AKD BROKERS,
No. 80 Broadvray, Nenr York.
Members of New York Stock Bxchange.
rOBBiaN EXCHANGE. CABLE TRANSFERS.
&
William Heath
Co.,
10 Tluotciaorton Atc, LODdon, Sag,
Exchange and transact a Keneiral
Particular attention
11 lanclal commission business.
t ven to American Securities.
Bills of
&
William Heath
Co.,
&
Office, 330 Broadway.
Connected by Private Wire.
BraucU
24 Excbanse Place,
New
Yobk.
Jo8. C.
Frank
Rne
Scribe, Paris,
London and American markets
Orders soUcltect for
for iDvestment or on margin.
telegraphic transfers op money
ON MEXICO, CUBA,
&
John Munroe
EKNirKDT TOD.
H. O. NOBTBCOTI,
J.
J.
ALEXANDER BABINO,
Member N.
Y. Stock Bzeb.
&
Kennedy Tod
No. 63
No. 33 Nassau Street, New York,
No. 4 Post Office Square, Boston,
CHEQUES AND CABLE TRANSFERS ON
MUNROE &
CO.,
PARIS
CHEQUES AND BILLS AT SIXTY
DAYS SIGHT ON
ALEXANDERS &
CO.,
of the New York
Stock Exchange.
Members
*
Dickinson.
S
Investment Securities.
Buy and sell bonds, stocks and securities in all American, Canadian, British and Dutch markets on commission. Collect dividends, coupons and foreign and
inland Drafts.
Sell Bills of Exchange on
MELVILLE, EVANS & CO., i.nNDON
C. J. IIAMBRO & SON, „„!..„
H. OYENS <fc SON, AM>*TER11AM.
HOTTINCJUER & CO., PARIS.
& Co
Sts.,
New
Buy and Sell on Commission, for
gin, all securities dealt In at the
Exchange.
^
,,
Interest allowed on dally
cash or on marYorli Stock
New
^
,
balances.
All deposits subject to chec« at sight.
Particular attention to orders by aiali or tHlegrapb.
FrecL H. Smith,
BROAD ST., NEW YORK.
STOCKS, BONDS AND PETROLEUM
No. 20
Bought. Sold, and Carried on Margins.
all railroads for past twent;
years. Parties desiring to buy or sell unquoted securities will do well to communicate.
F. H. Smith, X Members N. Y. Mining, Stock A Natlonai Petroleum Exchange.
8. W. Smith, S
Intimate knowledge of
,
BOSTON, MASS.
Cor. Wall aud Nassau
York.
OBA.l,EKS IN
FIRST-CLASS IWVESTIIENTS.
WILLIAM STREET,
Act aa Agents for Banks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers' letters of credit in pounds sterling & dollars.
Ofier
Sons,
Sistare's
16 & 18 Broad Street, New York.,
lai SontU Tlilrd Street, PhlladelplUa.
Connected by private wire with main office. New
Co.,
RANKERS.
Kidder, Peabody
Co.,
F.
Geo. K.
&c., &c.
Railway, State and
City Loans neeotlated.
WALCOTT,
bills op exchange, letters op credit
I
No* 19
BTBRT.ING
margin,
BANKERS AND BROKERS.
No. 34 Pine Street, Nenr York,
Transact a General Banking BnsiDe8»
BANKERS, LONDON;
Draw
Members of the New York Stock Exchange,
DZALSRS IN FOHBIGN EXCHANGE, GOVERNMXNT
AND OTHKB Investment Bonds.
STERLING LOANS A SPECIALTY.
64 Wall St. and 62 Greene St., N. Y.
Buy and sell on commission, for investment or on
SUCCESSORS TO
EXCHANGE ON
SmiTH, PAYNE & SMITH'S,
NATIONAI.
,
:
&
Co.,
Stuart
J.
NASSAU STREET.
BILLS OF
Paton
John
OOVNTItlES.
COIjI.EOTTONS (IF DKAFT8 drawn
HAKE
points in the United States and
abroad on
&
..
Draw
and Guadaloupe.
AND OTHER
THIS
Amsterdam,
Chas. Unger & Co.,
BANKERS AND BROKERS,
ALTMAN & STETTUELMEB,
TRANSFERS
HAKE TELEGRAPHIC
OF MONEY
BBTWMEN
BROAD STREET,
New York.
ALSBERG GOLDBERG,
ANV PART OF THE WORLD.
IN
In Francs, lu M:irtlnlqMe
8,
Issne Letters of Credit for Travelers,
On SELIGMAN BROTHERS, London,
SELIGMAN FRBRES & CIB.. Paris,
SELIGMAN & STBTTHEIMKR, Frankfun,
IN STERLING.
AVAILABLE
A N K K R
B
MORGAN
Brothers
In all
parts of the World, through
niesgrs. N. IVf. RotliHcliild i& Sons, London.
*'
lie Kotlisoliilil Bros., Paris.
"
91. A. de Uolbscliild i& !;on8, Frankfort oMii.
S. yi, de Kotliscbild, Esq., Vienna.
OLD BROAD STREET, LONDON.
Brown
Co.,
Street.
Nos. 19
ISSUE TRAVELERS' CREDITS, available
PARIS.
PHIIiADELPHIA
DOMESTIC AND FOREION BANKSBS.
Ho. 22
&
%xthwaLQt.
^oijjeifltt
BANKERS,
& ai Nassau
Drexel,Harje8&Co
Co.,
MxchvinQZ.
Co., August Belmont
ITALKi STREET,
CO^NEK OF BROAD, NEW YORK.
No^MSoath Third
[Vol. XL.
York.
FOREIGN BANKERS,
J.
A. Kohn
&
Co.,
BANKERS AND BROKERS.
19 Broad St.,N. V., Mills Bnildlns,
CABLE TRANSFERS, BILLS OF EXCHANGE Transact a General Banking Business.
AND
Commercial and Travelers' Credits.
LONDON.
Foreign Exchange, Bonds, Stocks and Miscellaneous Securities bought and sold on commission.
Julius a. Kohn. David ochs. Moritz Ochs,
Memb. N.Y.StocIl Et
Memb. N.Y. Btiict Bxch.
OOBRESPOyDEUTS:
BARING BROTHERS &. CO., London Tameson, Smith&Cotting
STOCK BROKERS
PERIER FREKES &. CO., Paris.
Schulz
Ruckgaber, MENDELSSOHN Be CO., Berlin.
AND COMMISSION MERCHANTS,
BANKERS,
33 Broad St. and 67 Excbange Place
29 l^ILLIAM STREET, NEW YORK. J. H. GOADBY & B. E. WALKEE,
STOCKS, BONDS, GRAIN and PROVISION*
in New York and Chiciwo.
CiKcnrjm, Notes
and Ckedits for Travelers.
&
CORKBSPON'DKNTa OF THE
JOINT AGENTS
International Bank of London
(Limited) London.
Messrs. jonn Herenbers,Go8Bler &Co.
Canadian Bank of Commerce,
16 EXCHANGE PLACE.
Hamburg.
BUY AND SELL STERLING EXCHANGE, CABLE
nessrs.Marcnard, Kraussdc Co., Paris.
TRANSFERS. ETC.
Commercial and Travelers* Credits.
ISSDK COMMERCIAL CREDITS, A VAILABLE
IN ALL PARTS OF THB WORLD.
Cable Traniters.
Bills of BxohanKe.
bought and sold
Chicago Correspondents, WM. T. BAKER
Direct and exclus ive priva te wire
AUGIJSTIIVE
39
A
CO.
HEARD,
NASSAU STREET.
Loans on Railway and other negotiable securities.
Purchase and sale of sumo. Loans on Bond ano
Mortgage. General Bnanclai business.
:
March
THE CHRONICLE.
28, 1885.J
2l»tilu»;s
Wood,
31
Huestis
PINE
ST..
&
NEW YORK.
No. 15
DAVIS.
BxMnta ordern In alt Hocurltlua Ustod at the New
Tork Stock Exchunge. K«r Sale.
rmar-CLAsg Kailkoad kibst Mortoaoi Bonds
QBOHQB C. WOOD. O. H. HUESTIS. h. M. 8WAK
WAUTON
Frid. a. Bbown.
U. BnOWN.
HiuBKHT
p.
NO. 80 NASSAV STRKBT,
NEW YORK.
&
Simons
&
Co.,
of
All classes
bought and
Town and Rallwar Boadi
Cltj,
BANKERS AND BROKERS
WALI. STREET.
8
Transatt a general Banking Business. Inoludlni the
PniehaM and Sale of all Baenrltlse dealt In at the
New York Stock Kxchange.
Interest allowed on deposit* subject to sight draft
LAirauto C. WASHBinuj.
0. B. CALDWiLr..
CaAB. J. I'owNHKND, Member N. Y. Stock Ifixchanira
W. M.
Stewart Brown's Sons,
STOCK BROKERS,
PINE STREET,
88
Earl,
J.
AND BROKER,
NEW YORK.
&
H. Latham
Co.,
UNITED RANK BUILDING,
69
UemberB New York and ChlcaKO Stock Exchanges
also
New York Mining Stock
BANKERS,
BROAD STREET, NETT VORK.
Stock!, Bonds and Miscellaneous SeoorlUes.
Correspondence Solicited.
Quotations cheerfollr furnished.
Howard
L. S. FRANKllNHKIHER, M. SKLIOMAN,
Members N. Y. Stock Exchange.
K. A8IBL.
Exchange.
Rolston & Bass,
SO
Lapsley
Capital Paid Vp, ««Tl,8eO 8t«rllii«.
DIKEOTORS:
B.
AVALI.
1 1
&
Neiv Ifork.
Co.,
BANKERS AND BROKERS,
No.
WAI.I,
8
STREET,
NeTV York.
&
Asiel
No.
O. O. M. O., K. C.
Bnt Chaiu,ks La wbbkob Touko. Bart.
FBANCIB PAVT,
51
M.
P
Manaslnc Director.
This
Company undertakes the business of Tmstt*
to Loans of approved Railways, negotiates
CAJ Co.
BANKERS,
18 WALI. STREET,
Neiv York,
Transaet a General Banking Business, Including
the purchase and sale of STOCKS and BONDS for
eaah or on margin.
Investment Seenrltlea.
P. O. BOX 2,647.
Sell
H. J. MOBSI.
and
ontheLondon Market, acts as A^ent for
Issues Loans
Railways and other (Torporatlons, either In the matter of
payments of Interest on Loans, Dividends on
or Registration of. Stocks In London, or otherwise.
London.
Cable Address-PATT,
&
Co.,
3 Exctaanrie Conrt. Nenr York.
THB
Railway Debenture Trust
COHIFANY
Hong Kong &
Shanghai
No
.
4 B.A
BANKING ASSOCIATION.
Paid-up Capital
Reserve if'und
Reserve for Equalization of Dividends
Reserve Liability of Proprietors
17,600,000
4,4'i0000
400,000
7,500,000
The Corporation grant Drafts, issue Letters of
Credit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Caicutta, Singapore, Saigon,
Manila, Hong Kong, Koochow, Amoy, Nlncpo,
Shanghai, Hankow, Yokobama,Hlogo, San Francisco
TOWNSEND,
NK
(LIMITED),
B17II.DINOS,
LONDON, ENGLAND
Same
IM Railway Share Tnut
Company (Limited).
Direetort at
OAPITAI. PAID
I7P,
wttb SorplHa,
£1,915,556 SterUnc
Asent, 47 William St.
THE
Anglo- Californian Bank Blake
WATI.AKD TRAJ9K.
W. C. HILL.
B.,
EXCHANGE
R. T. Wilson
~
A.M.KlDDnU
Bsq.,
BANKERS AND COMMISSION MERCHANTS
A. M.
Bnr and
(}balrman.
L
Co.,
and Loudon.
No.
P.,
0. 8.
Sir hbnbt Dbuuhoitd Woltf,
BANKERS AND BROKERS.
PLACB.
Co.,
STREET,
W. H. Goadby&
M.
Ksq..
HmniT HOPKDtBOV,
GCITKRAI.
BANKERS AND BROKERS,
No.
LAING,
John Howard lathau. fbedebice W. Pibbt
DREXEL BCIIiDINQ,
No. 2 W^AIili STREET, NE^Y YORK.
New York.
City, County, State, Railroad, District of Columbia
Bonds and Foreign Exchange.
STOCKS AND BONDS BOUGHT AND SOLO
Correspo n dence Solicited.
STRICTLY ON C OMMISSION.
TO
55
LONDON, EMQLAND.
HALOOUl A. LAINO, Es«,
John Pindir, Bsi]., m. p.
MEMBER NEW YORK STOCK EXCHANGE,
BANK.i::i
BANK BDIL:DIN0S
4
WA8HBVR!V *
TOWNSEND,
Y. cttook Eiohange.
T. Prodgoe llxchange.
Uember N,
Hember N.
(LlMiTED),
No.
sold.
-Chew,
BooKbt and Bold on Commlsalon.
biviblt Ch«w.
JAS. D. Simons,
THE
CALAWEL,!.,,
No,
9)tiiltet;s.
Railway Share Trust Co.
IN
STOCK BROKEKS,
3 EzetaanKeCoDrt& 52 Broadwar,N.¥
Btooks, Bonds and U. 8. QoTemment Beonrltlei
|^0vei0tt
INVESTMEI^T SECURITIES.
Bbown.
Walston H.Brown & Bros
BANKERS,
^toTsMKB,
WALI. STREET,
DBALBRS
BCCCEHSOKB TO
&.
«n&
Mahoney
Co., J. F.
BANKKUS AND BBOKERS,
WOOD
:
(LIMITED).
I,ONDON, He.ad Office, 3 Angel Court.
SAN FRANCISCO Office, 422 CaUfomla St.
ARcnts, J. & W. Seligman <t Co.
NEW^
BOSTON Correspoiid'ts, Massacliuaetts N. Bk
YORK
Intborlzed Capital,
Paid-up Cai>ltal, Reserve Fund,
•
-
.
.
.
$6,000,000
.
•-.... 1,500,000
400,000
Transact a general banking business. Issue Commercial credits and BMtsof Exchange, available in all
arts of the world. Collections and orders for Bonds,
§ tooks,
eta, executed upon the most favorable terms.
FRED'K F. LOW,
„
IGNATZ STBINHART, f *'*'"««"•
Brothers
&
Co.,
LONDOiy, ENGL.A9n>,
Solicit accounts and agencies of Banks, Railways.
(Corporations, firms and Individuals, upon favor
able terms; also orders for the purchase and
sale of Bonds, Shares, &&, Ac, on (Tommlssloa
on the Stock Exchange.
Negotiate Railway, State and City Loans and
Issne Commercial Oedlts avaUahle In all parts of
the world.
De Twentsche
)
Bankvereeniging,
P.N. LILIENTTIAL. Cashier.
BANKERS^
as Broadway,
cor.
Bank
So.
Exchange Place, N. T.
of Australasia,
(INCORPORATED
4 Tbreadneedle St.,
PAID-UP CAPITAL,
Office,
Reitbkv Lbland.
BANKBRS,
VNITED BANK BUILDING,
Wall
Street,
STOCKS, BOIfDS
Corner Broadnray.
COMMERCIAL PAPER.
<t
Stocks and Bonds bought and sold on commission
•t New York Stock Exchange. Adranoes made on
koilneM paper and other aecurttlei.
W. BLIJDENSTEIN
ft
CO.,
£1,800,:00.
Guarantee and Reserve Funds, ilSSjOOO.
ViH La 8alle St., Chicago,
Letters of Credit and Drafts issued on the 110
in the Colonies of Queensland,
TRANSACT A GE.NKKAL BANKING BUSINKSa, branches of the Bank
INCLUDING THE PUKCIIA8B AND SALE OF New South Wales. Victoria. South Australia. TasmaSTOCKS AND BONDS KOK CASH OK ON MAR- nia and New Zealand. Bills negotiated or sent for
GIN. BUY AND SKLL INVESTMENT SECURI- Collection. Telegraphic Transfers made. Deposits
TIES. INTEREST ALLOWED ON DEPOSITS received in London at interest for tlxed periods on
terms which may be ascertained at the office.
SUBJECT TO CHECK AT SIGHT.
PBlDBAUX 8ELBY. Hecretory.
P. O. Box 447.
D A. BOODT.
C. W. McLBLLAN, Jr.
Branch
B.
BORLAND.
AnSTERDAM, • •
London, England
Establishbd 1881.
1838.)
L. de Steiger
&
Co.,
BANKEBS,
PBANKFORT-ON-MAIN, GERMANY.
A. P.
BO
TURNER
Ac
CO.,
THBEADN'EKDLE 8TREHT,
Subscribed Capital, 8,000,000
Pald-Cp Capital,
Reserve Fund,
— GuUders ((3,300,000.—)
- "
(»8,148,440^)
849,86887
"
(1388,945.56)
Amsterdam.
BRANCHES
Lendon—BZCHANGB A INVE8TMKNT BANK
B. W. BujDCNsranr A Co.
Head
Ofilee,
Nos. 5S A 56 Threadneedle Street. B.O.
Rotterdam— DEWISSEL-en BFFKCTSNBAI7K,
EBuehode— B. W. BLIJDKN8TBIN. JB.
Aimeloe-LEDKBOHB A CO.
Transact a general Banking and Onninisalon
oess In Bills, Stocks, Shares. Coupons, Aa
L.ONDOIV.
u>ui.n>o J New York Stock Bzchange.
HZMBEB8
J pbiudeiphia stock Bxohange.
7,871,100
NKW Tork
itessrs.
Busk
cXHtRxspoNiiiins
KNAUTH, NACHOD * KUHNE
THE CHRONICLE.
IT
^KuUtKS,
'govitiQn
%\XQl^utL '^mx'ktxs.
pjexw
The City Bank,
Brewster,
&
(LIMITED,)
*#'22S'2S2
?'2S2'222
1,000,000
Reserve Fund, £300,000.
HEAD OFFICE, THEEADNEEDLE BT.
...---
BRANGEES
Bond
Street,
Lndgate
Paddlngton,
Aldgate,
Old Street,
I
Knlghtsbrtdge,
Holborn,
;
No. 86
I
I
BuRRDss,
Collections
CONGRESS STREET,
BOSTON STOCK EXCHANGES.
Dealers In Miinlclpal, State, Railroad
KENNEDY, Manager.
and United States Bonds.
(Formerly CHAS. A.
Bank of Montreal.
OAPITAI.,
-
-
BUBPIilTS,
•
-
$13,000,000, Gold.
$6,000,000, Gold.
69
6c
OFFICE,
61 W^AI^Ii STREET^
WALTKB WATSON, ) Agents.
a .-ents
ALIxllLANO,
J
I.ondon
Office,
in,
li
ane
Merchants Bank
Capital,
Keserye,
& Co.,
R.
Esq
flhange. Cable Transfers, issues Credits available in
all parts of the world, makes collectionB in Citnada
and elsewhere, and issues Drafts payable at any of
theoflBcesof the^bank In Canada. Every description
of foreign banking business undertaken.
New^¥ork Agency, No. 61 IVaU Street.
HENRY HAGUE,
Ai^Pnts
Ag
e nts.
JOHN B. HARRIS. JR..
(KBYSBR BUILDINC^;^
& 25 GERMAN fTREET,
4,
|
BO8ANQ0ET, Salt & Co., Baijk of Montreai.,
89 Wall Street.
73 Lombard Street.
I
Promptest attention paid to collections payable
Bank
CHESTNUT STREET,
North America,
STREET.
Bay and sell Sterling Exchange and Cable Transfers. Issue demand drafts on Scotland and Ireland;
also on Canada, British Columbia, San Francisco
and
Chicago.
CIRCULAR. NOTES issued in Pounds Sterling
all parts of the world.
COMMERCIAL CREOITS IlS.Sl'ED for use in Europe,
available In
China, Japan and the East and West Indies. Also,
In name of
Limited, available In the Brazils, River
Plate, Ac.
Bills collected and other banking business transaoted.
D. A. McTAVlSH, \ «_„_#,
NEW LONUON & BRAZILIAN
Gzowski
&
agents.
f
J08. M.
M. Shoemaker & Co.
Thos. P. Miller
&
CANADA.
to coUeotions
and all flnan-
cial matters.
Correspondents— Bank of New York,
afUtAUiaace Bank, London.
New York
DEALT
Co.,
Special attention paid to collections, with promnt
remittances at current rates of exchanKe on day of
payment. Buy and sell Btate of Alabama and City
of Mobile Bonds.
Correspondents.— Bank of the State of New York,
New York; Louisiana National Bank, New Orleans;
Bank of Liverpool (Limited). Liyerpool.
CAPITAL, $600,000,
Houston,
Kive
special
accessible points.
Texas.
attention to
oollectlona
on
Member N.
made on all Southern points on best
prompt returns.
Collections
F.
JOHN
DEALER IN
Glenn, Cash.
TIIOIHAS
RAILWAY STOCKS
CITY
TRUST
CO.'S
TELEGRAPH
Bank
STOCKS,
STOCKS,
Stocks, In§urance Stocks.
H. L. Grant,
No. 145
BROADWAY,
NEW
YORK.
CITY EAILKOAD STOCKS & BONDS
BOUGHT AND SOLD.
E.
S.
•t
Bailey,
PINE STREET.
DIALINGS IN
INSURAIVCE STOCKS
A SPECIALTY.
Cash paid at once for the above securities or they
be sold on commission at seller's option.
;
will
BRANCH,
President.
Fred. B. Scott. Vlce-Pres't
P.
NASSAU STREET,
No. 21
See Quotations of City Railroads in this paper.
MERCHANTS' NATIONAL BANK,
RICHMOND, VIRGINIA,
;
Y, Stock Bzohanga.
all
DIRECTORS.— Benjamin A. Botts, Pres't; F. A.Rloe,
C. C. Baldwin, W. B. Botts, Bob't Brewster, 8. K.
Mcllhenny, B. F. Weems.
B. F. WEEMS, Cashier.
BENJ. A. BOTTS.Pres't
terms
IN.
BBE GAS QUOTATIONS IN THIS PAPBB.
W. W. WALSH
JIO. H. PRBNTISB,
GAS STOCKIS,
BANKERS,
inOBIIiE, AliABAIVA.
We
and Bondi
ALL KINDS OF
BROOKLYN SECURITIES
Robert M. jannet.
Shobmakxb.
BRANCH &
CO.,
STOCK AND EXCHANGE BROKERS BANKERS AND COMMISSION MERCHANTS,
AND GENERAL AGENTS,
RICHMOND, VIRGINIA.
TORONTO,
Prompt attention given
AlfD
^xnvthet;tt gattfetiCB,
JOHN
Buchan,
GAS SECURITIES,
Street Railroad Stocks
THE CITY BANK OF HOUSTON,
or
BROOKLYN.
GAS STOCKS
Gerlach,
Orders executed by private wire In New York, Bos
ton and Baltimore.
Drafts issued on all prinolpal polntfl In the United
States and Europe.
in
AGENCY OF THE
NEW
Co.,
VORK,
AND
&
PHILADELPHIA.
I
any part of Canada.
Approved Canadian business paper discounted at
the Head Ofiloe on reasonable terms, and proceeds
remitted by draft on New York.
ST.,
AND
BANKERS AND BROKERS,
No. 322
&
Prentiss
WALL
gemiBBlwattia %^nktTC&,
Bt. Catharines,
H. 8T1KEMAN.
H.
%UVtfiStXtXtMt&.
108 lUONTAGlTE ST.,
-•
BANK
^pttiKl
No. 49
BANKERS AND STOCK BROKERS.
CAPITAI. (paid up), - - - $1,600,000
SURPIiUS,
$678,000 No. 134 SOUTH THIRD STREET,
H. 8. HOWLAND, Pres't. D. R. WILKIB, Caahier
PHILADELPHIA.
HEAD OFFICE, TORONTO.
BRANCHES:
No. 52 DTALI.
BALTIMORE, MD.
Members Baltimore Stock Exchange.
MEMBER OF BOSTON STOCK EXCHANGE.
Imperial Bank of Canada. Jos.
Port Colborne, St. Thomas, IngersoU
Weliand, Fergus. Woodstock.Winnlpeg, Man,,
Brandon, Man.
Dealers in American Currency & Sterling Exchange.
Agents in London
Agents in New York:
WU. B. OUTER.
397.
COMMISSION STOCK BROKER, Geo.
(
British
Wm. Middendorf.
BOX
(
:
J.
Middendorf, Oliver & Co.
Samuel G. Studley,
Narr
foi-
A Co.
N08. 23
I.
Dealers in Commercial Paper, Qovemment and
other flrat-class Bonds and Securities and Foreign
Bx<dianKe.
Private Telegraph Wire to New York and Boston*
GEORGE HAGUE, General Manager.
J. H. PLUMMER. Assistant General Manager.
BANKERS:
LONDON. BNG.— The Clydesdale Bank (Limited.)
MEW YORK—The Bank of New York, N.B.A.
The New York Agency buys and sells Sterling Ex-
and Information
N. Y. Correapondents— MoKim Brothers
BANKERS AND BROKERS,
-
•
ANDREW ALLAN, Esq.
ROBERT ANDERSON,
HEAD OFFICE, JHONTREAI..
President,
Vice-President,
SOUTHERN SECURITIES
nisned,
BOISTOM, MASS.
$5,700,000 Paid Up.
•
$1,250,000
and
Correspondence solicited
TTEYBOSSET STREET,
No. 4 Exchange Place, Room No.
OF CANADA.
-
BALTIMORE.
INVESTMENT
CHARLES H. SHELDON, JK.
JOSHITA WILBOUK,
BKKJAUIN A. JACEBON, WILLIAM BINNBT, JB.
PROVIDENCE,
of BUltlmore Stock Exchange,
specialty.
BANKERS AND BROKERS
Chicago and throughout the
No. 22 Abchnrch
TRANSACT A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.
Members
Dealers In Municipal, State and Railroad Bonds.
62
Bay and sell Sterling Bichange, Francs and Cable
Transfers; grant Commercial and Travelers' Credits,
available In any part of the world; Issue drafts on
and make collections
Po^Unlon of Canada.
Sons,
Co.)
STATE STREET,
BOSTOar, MASS.
Wilbour, Jackson
NEW TOBK
\JXO».
SwiBT &
Co.,
No. 40
8MITHER8, President.
W. J. BUCHANAN, General Manager.
O. F.
&
&
Colston & Co.,
BANKERS AND BROKERS, Wilson,
BANKERS AND BROKERS.
^mxhtvs.
©atiajftiatt
Dupee
Perkins,
parts ol the United States
all
BANKERS,
No. 7 SOUTH oTREET,
BALTIinORE,
Tlie
A. G.
made on
Robert Garrett
ALSO,
BankiWhUe condnctlng the general bnslneea
Of London Bankers, gives special attention to the
Agency of Foreign and Colonial Banks.
Cashier
^ViXXXmaxt %Ku\txs.
MEMBERS OF THE NEW YORK AND
liOndon.
WALKER,
A. K.
Pres't.
First National Bank,
IVILMINGTON, N, C.
BOSTON.
Tottenham Conrt Boad
I
Hill,
Estabrook,
BANKERS,
Anthorlzed Capital
^otttttexni gawlicvs.
B.
Cobb
L-OBTDON, £NCiL<A]yD.
Sobsci-lbed Capital
Pald-TJp Capital,
[Vol. XL.
VlrRlnia Bunds funded under the Funding Act
passed by the ia.st I.ejzislature, for \i per cent commission.
New Nortu Carolina 6 per cent bonds,
secured by lien on the State's stock in the North
Oaroliaa Railroad, fur sale.
Farm Mortgages
In Sums of $100 and Upwards on Indiana and Oliio Lauds.
PROMPTLY PAID
NOTHING SAFER. ALWAYS
SEND FOR PAMPHLET.
JOS. A. MOORE,
84 East Market St., ludiauapolU, Ind
'
March
.
'J-pcchil %nveetratuts.
^vnet e^ompixnitB,
jtnawctnl CompanUg.
Investment Securities
United States Trust Co.
or SEW YORK,
No. 48 WALL 8THB8T.
AMERICAN
FINANCE COMP'Y,
SOLD.
Konie Wiitprtowti A OuduiiNburti iBtg and Sdj.
OiWOKM A
lEolno HitnilH.
N<irth(*rii Inilitinil Flimd?*.
Urtinil Uiii'itK \ Inilhinii Hxiul.t itiid Sto^k.
l>elrolt ^((U'kliuio ,^ MHriiuftU' HoikIh.
JollHt
>t
ALBKKT
HACUFIBLD,
E.
No. 6 Wall street.
Capital,
Surploa,
.
NEOOTIATEI) BY THi;
Thla company Is a legal depository for monars p«l4
iDto conrt, and Is autourlzod to act aa niiralaD or
raoelTerof estates.
I
-
.
CHAN.
NoKTOX,
c.
Cash'r.
LEW
K.
DAKBOW,
Preat.
Kefcr to
UiLMAN, Son a
Co.,
Bankem, N.
Y. City,
Mkkcuants' National Bank. Chlcaao,
o- President.
v,„,iiJ Vioe-Preat
li
JAMBS s. Ci
TRUSTKES
Dan. H. Arnold, James Low, '
Thomas aiocomb, W. W. Phelpa,
t
harles K.
9. B,
Chittenden,
John H.Khoadet
Anson P. Stokes,
D. Willis .lames,
Hill,
Wilson (i. Hunt, John J. Astor,
Kobt. B. Mlntom
H. .Macy,
John A. Stewart, (leo. 11. Warren.
Wm
Clinton Uilbert,
Daniel D. Lord,
George T. Adee,
Bamual Sloan,
Illlnola
S.M.Bucklnghani[i;eorge HHss,
H. K. Lawrence, William Llbbey,
Isaac N. I'liolps. /John C. Brown,
Erastus lornlng.iKdward Cooper.
I
__
W.
LOUia
Q,
Htiyard CuttlnK.
1 () n N K LL. Becretarr.
HENRY L. Ti
811
'MU'oitArEn.
Oir-
'
Capital, H50,0«0.
selected lowH nud Ku.Ht em Kansas
Pun;
thrc.
Interest (J to 8 per cent. Security
"f I.i.iin. Al!*o fiir ttale 8 per
"il by three (3) times
Il'wh .\I«.»rtK'»Ke^. All
For piirticiilars ur
E.N(;l,A.NL> .MOKTvl::<r.Mi:.\T cu., 1)ES -Moines, Iowa.
tiifH
cent
tli,-ii
1
ref-M
OAUli 4
i.\
M. Mills. President.
U.
J.
ItANSou. Cashier.
Merchants' Nat'l Bank,
DES noiNES, IOWA.
Prompt and
pondenc e.
(
Capital,
»100,000.
careful attention Klvento all corresupon favorable terms.
<illcctlon9 luade
Minneapolis, Minn.
Coll
^„».I„_~ .Special iitionilou given to
eCtlOnS.C"lleeli"ns and Uemittances on day paid.
HAMPTON,
Assistant SeoretarT
fllS
Authorised Capital
|1,000,OOC
Paid-up Capital
500,000
Acts as Executor, Admlni.ftrator, Assignee, etc.
and executes trusts of every description known to
the law.
All trust assets kept separate from those of the
Company.
Burglar- Proof Safes to rent at (S to t60 per annum.
Willi kept in Vaults without charge.
Bonds, stocks, and other valnabies taken under
guarantee.
Paintinga, Statuary, Bronzes, etc, kept In Fire-
Proof Vaults.
Money
received on deposit at Interest.
JAS. LONG, Pres't. JOII.V (i. READING, V.-Pres't
MAHLON S. STORKS. Treasurer* Secretary.
D. R. PATTEKS<JN. Trust Officer.
piKKCTORS.—James Long. Alfred S.OUlett, Joseph
Wright, Dr. Charles P. Turner, William S. I'rice,
John T. Monroe, W. J. Nead. Thomas R, Patton, Jonn
G. Heading, Jas. S. Martin. Ii. Hayes Agnew, M. D.
Jos. 1. Keefe. Robert Patters.. n. Theodor C. Bngel,
Jacob Naylor, Tho.s. (i. II
I.Edward L. Perkins,
PBILADIiU'HlA; Samuel lii.l.lle, (;lkx RlliriLK Pa
Dr. George W. Relly. lUliKisniKG, I'a.; J, Simpson
IICNTINGDON
Africa,
;
lien, y s. Eokert. RlcAul.vo
Investments. ^r''„"^'?d^5?^f?g|>e??.""
Edmund 3. Doty. Mifflim.hvn W. W. H. Davis
DOYLBSTOWN B. E. Monaghan, WS8T CHESTER
Ohas. W. Cooper, ALLKNTtixvN.
Bank and other Stocks Bougljt and SoM.
BLAKE Sc CO., PrlTiite Bankers,
P. O. Box ;t'.>0.
ntnneapoUs, minn.
The Brooklyn Trust Co.
THE
Kansas Loan & Trust Co.
TOPEKA, KAN.
T. B. SWKET. Pres.
GEO. M. NOBLE, See
Is the oldest and largest institution In Kansas,
siTlDii exclusive attention to the Negotlatinir of
CIIorcE KIKST .MOKTUAOB LOANS at hiJh rates
Of liilercsl. It has negotiated over 87,000,000
of these loans for :?aving8 Bunks, Insurance Companies. Kiitates and private parties East. Send for
oUcuUr.
THE WESTERZV
Farm Mortgage
LAWRENCE, KANSAS,
Offers to Invo-tors the best securities In the market.
FIHSP Mol.TtiAliE LOANS
FAKMS.
UI'O.N
IMPKOVEI)
Interest and principal i>ald on day of maturity in .New York. Kunds i.romptly placed. Large
experience.
«nd?i'
.Vn Ic^sses. Semi for circular, references
F. M.
President; J. T.
'
PERKINS,
»• PBUKIXS, Secretary;
•-.i.-JS'IT. Treas.; N. F. II AKT. Auditor.
XA'
CHA ~
Atlantic Mutual
Scrip.
Mercbiints having 8crlp of the Atlantic
Mutual Insurance Company, or who will have
It In Mav, can Bud buyers by eonsuUing
J.
P.
WIXTRIXCillAM,
30 Pine Street, New York.
TELEPHONE CALL. 282 JOHN.
|^ucti,ott
STOCKS
^ales.
and
Cor. of
Montague
BONDS
i,
Is
ministrator.
It can act as agent In the sale or management
of
estate, collect Interest or dividends, receive
registry and transfer b.j.iks, or make purchase
and
sale of Government and ..ther securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction of business will
and this Company a safe and convenient depos'ltory
(or money,
RIPlev Uol'KS. President '^ ' '
^''''*"^"''''""trusti F-^!'"''*'
Joslah p. Low, B. F. KnowlLin, Henry K Sheld on
Alex. M. White, John T. Martin, C. D.Wodd
Fred. Cromwell. Henry Sanger,
^i^-^Zl
Alex.
McCue,
John p. iiolfe.
Wm. 11. Male
Mich lChaunoey,E W. Corlles,
Ropes
Wm. B.Kendalf, H. K. Plerrei.ont.Ripley ""?«»
Jab. Ross CtKKAN. Secretary.
real
Metropolitan Trust Co.,
MlUs Building,
3.t
Wall
St.,
New York
CAPITAL. $1,000,000.
n^'^'^.f
Designated as a legal Depository by order
of 8n.
preme Court. Receive deposits of money on Interest,
act w>
»v
aa uin»i
fiscal ^,1
or transfer
i/inuBit;r oitKuh,
agent, or trustee
irustce for corporations and accept and execute anv legal trusts Som
tlons
—
persons or corporatl .n« on aa favorable ten
terms a<Other similarcc^mpanles.
THOMAS Illl.l.HOUSF, President.
FREDKKIC 1), TA1PE^. Vice-President
WALTER .1. HHITTIN. Beorwtarv
At Auction.
TOPEKA, KANSAS.
Commercl^U and corporation law and munlclim]
bond!*, speciallies.
Rekekences: Hon. D. J. Brewer, U. S Circuit
Judge; Corbin Banking Co.. New York; Eastern
Banking Co. and Gen. F. A. (isbi.rn, Boston, and the
Bank of Topeka, Topeka, Kansas.
N?FJ5*'-,-?^P*=
o'>lt«">
1-
IMON NATIONAL
" Albany.
the
In
'
STOCKS
ASTD
BONOS
«.,.,?
State ofJ" .New \ork. ;;» affairs. Its corporate existence ha\
,.
at
thii ,.:,.m. of
- -business on the scvcnui ..ii< (ln\
1*«.
All note-holders and otlior.H, or«<L'
issoelation, arc therefore hereby notiti
the
notes and other claims iiualnst th
a for
payment.
Dated .March Tlh, IMSJ.
.I.AS. C.^«)OK.
CI
Casliler^
No. 7
nVLLER
PINE 8TEEET,
M Vl0fcPt«.M«.t
.cat.-
ivrie.
.ZmVZi^:^
.Sa^r and Trau.
Authorized Capital Stock, $1,000,000.
''"W In
600,000.
SOUND INVESTMENT BONDS fumkhod to gavIngs Banks, Insurance Companies, Bzecntor*
and
Trustees of Estates, and Individual Inreatnra
UNITED STATES BONDS, gUt«
Bonds, Manloibonaht and sold
pal Bonds, Railroad Booda,
DEFAULTED BONDS
Of 8tat««, MunliilpaJltlea
and Railroad Companle* negoUstad or collected.
CALL AND TIME IX)AN8 made on United BtatM
Bonds and good Municipal and Railroad Bonds,
FINANCIAL AOE.VCV for railroad companies ud
other corporations. Will also conduct the
reontanllation of railroad companies and other
corporation*
whose bonds are in default or whose property la
In
the hands of Receivers or Trustees.
RAILROAD LOANS negotiated.
Circulars on application
STJR-ETYSmi*.
American Surety Comp'y
Cash Capital, $500,000.
General Office, 100 Broadway, New York.
RiCn'D A. EL.MKK, Pres't, LV.MAJJ W.BRiaos, V.P
This company will act as surety on Bonds required
^
In the Courts.
''
Company organised In the United
.""Pexclusively
devoted
to Suretyship, and with
c}^.
States i*"*
all Its assets invested in this country.
It guaraijtees the honesty of Officers
and Em-
ployees of Railways, Banks. Telegraph, Telephone
and LxiircssCi.nipanies, and persons employed by
corporations and business houses holding positionj
of trust and pecuniary responsihlilty
'"''''>
fiJvKV-®i'*'fe''v*.*"""^'^^'
Agent and
M«nnKPr», Chicago
Attorney. Phi ndelphla
v^K*"' """ Attorney, Boston.
n'i<n,^l'i\
BAsCOM
MU.NSON,
& ^iRJ^^yGenera Agents, sl. Ia>u1s.
BROWN.CRAIG & CO., Genl Agents, San >-ranclsw.
J..V,,i',y,.'i.- i.'Jii.-
-IBoiids of* Suretysliip.
NO OTHER BUSINESS.
The Guarantee
Co.
OF NORTH AMERICA,
Cash Capital
Cash Assets
(300,000
400,000
Deposit with Insurance Department
814,000
President
Vice-President
Sir alkx. t. Galt.
Hon. jas. Febkixb.
Managing Director:
Edward Rawllnqs.
NEW YORK
NO. Ill
D. J.
OFFICE:
BHOADWAV.
TOMPKINS,
Secretary.
New York Direotohs— Joseph w. Drezel, A. !
Hopkins, H. Victor Newcomb. John Paton, Danl*
Torrance. Edw. F. WInslow. Kraatus Wlman.
FIDELITY & CASUALTY
Nos. 214
4
216
CO.,
BROADWAY, NEW YORK-
Officials of Banks. Railroads
nies. Managers, Secrettirles.and
panies, Institutions and
and Express Compa<
'lerks of Public Comtlrms, can obtain
Commercial
BONDS OF SURETYSHIP
from this Company at moderate charges.
The bonds or this C<trapany are accepted by oourta
of the State of New Vork.
CASUALTY DEPARTMENT.
Policies Issued against accidents causing death or
totally disabling injuries.
Full information as to details, rates,
can b^
obtained at head office, or of Company's Agents.
Wm. M. Richards, Prest. John M. (^ranii, Seo'T.
ROB'T J. H1L1.A.S, A ss't Secretary.
Ac
HAiXHATTAN
Safe Deposit& Storage«So
846 & 348 BROADWAY,
Comer of Leonard street
NEW YORK.
Safes to rent from $10 to $*.;00 per year,
AND CAN BK RENTED FOR A
DAY W^EEK OR MONTH.
SHIRllANS.JIWKTT.Prea. Jo8iAHJawrrT,V,PTM
William C. Coamnaj., Caahlar.
Bank of Buffalo,
...... 9300,000
CAPITAL,
-
Inihe
Sfite ("f Imliana. Is closiiiu "
^ i'.iri»'r'itc
existence having cxpire.l at
-.ess on the
li4lh day of January, ls.<.
... liters
and
others, creditors of said Atherefore
hereby notiUcil to present th.
lUerclalms
against the Association fur p.t> uvrii
Dated Jan. IW, 11*0.
J. li. JtUMO, Cashier.
BUFFALO,
N. Y.
i
WEDNB8DAYB AND SATUHDAyS,
ADRIA:W H.
THE P«»H'rWAV!VE NANOTICE.—
TIONAL BA.NK,
I,
OK
Krealilent
VI<».Pre.l<l«nt
Geo. T. Hope,
David Dows,
W. O. Low,
G. G. Williams,
A. S. Barnes,
Charles Dennla,
J.S.T.Stranahan, U. A. Ilurlbnt, Alax. Mitchell,
A.B.Hull.
J. D. Vermllye, S. B. Chitt«nd«n.
Geo. 8. Coe.
Wm. M. Rlchaida.
1
AUCTION
M
NKtiLEY
DIRECTOBS:
Fabius M. Clarke,
ATTOKNEV AT LAW^,
i
TbeUnderslgned hold REGULAR
BALES of aU claase* of
;
Clinton sta,, Brooklyn, N. T.
authorized by special charter to
act as receiver, trustee, guardian, executor or ad-
This Company
S.
;
;
;
^
Co.,
SHORT
WHITB
IH A.
com pony,
New England
The Union Trust Co.,
Mortgage & Investm't Co
AND
CHESTNUT STREET,
PHILADELPHIA.
l-vi
c.
FKAN(
.
Bnoators, admlnlatnton, or tmsteM of esiaUa,
and females unaocnatomed to the transaction of bast••a, aa well aa ivllgloiu and benevnlent ijutltatloBs,
will nnd this company a
Icposltorr for
monay.
JOHN A. si
.sident.
WILLIA.M
flrxi nuirtKo^ea in the bent FarmlnK DiBtiioti
In IkiWii. MN.>«>ii|-i. Katisn.t liiiil Nfl.raskH. Interest
pall)
-.
Twelve
yyii.
InvemorB
Hml
_ lull jinrtlciu.i.
-. .*. .v.^..vt-^. v.^.
^..iciest frum
dHle-'t rei'ulpc uf iui*iiey.
-
JOHN
JAMES
NEW VOHK.
ST.,
1NTKKK8T ALLOWED ON DRP08ITH,
wbioli may be made at any tima, and withdrawn aft«r
THBO.B. TALBOT
•days' notice, and will bo entitled to Interest for WM. P, WATSON
toe whole time tney may remaio
First National Bank, Corning, lova.
Choice
PINE
13,000,000
8,54l,euS
with the
Safe Investments.
7 PEK CENT UONDS au<I MOKXeAGES
F,
:
THE (CHRONICLE.
88, 1885.]
BOUOHT AND
WANTED!
to
.
:
Sc
SOT»,
NEW YORK
.
,
This bank baa anperlor factlltlaa for makliw ooUaotlonson all aooMslbIa potnta In the UDitadStataa.
Canada and Europe.
Liberal term* axteodad to
accounta of bankers and merchants.
CORRK8POWDINT8.— New York. National 8bo« *
Leather Bank Union Bank of London.
;
-
:
THE CHRONICLE.
vx
§ivi&m&s,
%nt&Ktstf
stocks are payable at
the banking house of Messrs. WINSLO W, LANIER
A CO.. comer of Nassau and Cedar Streets, New
on and after April
City,
1,
1885:
Atlas Kngine Works, Indianapolis, Indiana
First Mortgage 8s.
Indiana State—
,
,
.
Temporary Loan Bonds. Principal and
,
,
,
Interest.
School 5s.
Municipal 8a, Series "BB."
Pittsburg Fort Wayne & Chicago Railway Co.—
First Mortgage 7s, Series "D."
7s.
APRIL
July 1, 1900; Interest Payable Semi-Aiinually, Jan. Ist
and Jnly Ist.
Due
Exchangeable,
„,_..,
desired, after July
if
.
Special Stock. lU per cent Quarterly Dividend.
Stafford Township, Indiana-
School
Michigan
Southern Railway
FIRST MORTGAGE CONSOLIDATED
7 PER CENT COUPON BONDS,
Indianapolis, Indiana-
Second Mortgage 7s, Series "K."
Third Mortgage 7s.
Georgia Bonds.
&
Lake Shore
1st, for
Registered Bonds, paying
Interest quarterly.
a.
Hamilton County, IndianaGravel Road
Pittsburg Fort
(is.
APRIL
Wavne &
Regular Stock,
IJij
7.
Chicago Railway Co.—
per cent Quarterly Dividend.
APRIL
Gravel Road 63.
APRILIll.
White County, IndianaGravel Road 63.
Vermillion County, Indiana65.
APRIL
15.
Bath County, KentuckyCompromise 7s.
Centre Townenlp, Indiana-
16.
White County, IndianaGravel Road 6s.
APRIL
The amount of
20.
Colfax, IndianaSs.
PACIriHICAGOMIl,WArKEEdcST.
Vj
RAILWAY COMPANY.
Notice is hereby given that dividends have been
declared out of the net earnings for the year 1884, of
THREE DOLLARS AND FIFTY CENTS Per
Share on the Prefert-ed Stock, and of ONE DOLLAR AND FIFTY CENTS Per Share on the Com-
mon
Stock of this Company, payable on the 27th
day of April next at the office of the company, 42
Wall Street, New York.
The transfer books will be closed at 68 William St.
on the 6th day of April, at 3 P. M., and reopened,
at 42 Wall Street, on the 2ath day of April next.
JULIUS WADSWORTH.
Vice-President.
PACIFIC RAILROAD
NORTHERN COMPANY,
Theasuker's Office, No. 17 Broad St., )
NEif Yoke, Mar. 10. 18B5. (
Coupons of
tlie
General Second Mortgage Gold
Bonds
of this Company, due April j prox.. will be
paid upon presentation at this office on and after
that date. Checks for interest on the §5,000 Kegistered Certificates will be firw-trded to holders of
record at close of business March 31.
ROBERT LENOX BELKNAP, Treasurer.
No. 63
WILLIAM Street.
NEW YORK,
MORTGAGE BONDS
on
Mar.
28. 1886.
April 1st on the
>
j
of this Company, will be paid
and after that date on presentation at this office.
T. NICHOLS, JR.,
Assistant Secretary.
EDWARD
poUPONS DUE APRII. 1, 1885,
^^from the FIRST MORTGAGE BONDS of the
SOUTHERN PACIFIC RAILROAD COMPANY
(Of California) will be paid on and after that date at
Broad Street, Mills Building, New York
First Consolidated Mortof wliich
$25,000,000,
$14,500,000, WHICH ARE AT PRESENT
AN ABSOLUTE FIRST MORTGAGE ON 451
miles of the main line of the road. The balance of
the loan will be issued only to retire underlying
bonds as they shall mature, and when so issued
the First Consolidated Mortgage will be an
absolute first lien on the whole 8 64 miles of
THE SECOND CONSOLIDATED
MORTGAGE BONDS FOR $2 5,000,000
SELL IN THE OPEN MARKET ® IIG^. A
the road.
amount of the new
issue has already been
be received for the balance by the undersigned ® 127^ AND AC-
large
sold. Subscriptions will
CRUED INTEREST TO DATE OF SUBSCRIPTION, at which rate they will net i^% ON
THE INVESTMENT, allowing for loss of premium
at maturity.
& from
SECOND
is
$3,760,000 liave already been retired by the
action of the Siuliing Fund. There are now
outstanding, including this last issue, about
The
ST, PAUIi MINNEAPOI^IS
THEMANITOBA
RAILWAY COMPANy,
The Coupons maturing
tlio
gage authorized
Bedford, IndianaMunicipal 63.
Municipal
Interest
L.
WILLCUTT,
Secretary.
RAIIiROAD COMPANTT
WESTERN
OF MINNESOTA (now ST. PAUL & NORTH-
date of subscription to April
25tli, at which time they will be ready
for dellTcry, will go to the subscriber.
The maturing bonds of the Company will lie
received In exchange on favorable terms.
We recommend the above as a most desirable
investment for Trust Funds, and reserve the
oflflce
SEALED PROPOSALS
>
will be received at the
of the Treasurer of Georgia up to
15. ISya, for three million,
TWELVE
O'CLOCK M. ON APRIL
four hundred and flfty-live thousand dollars ($3,455,000) FIVE per cent (5 p. c.) thirty-year coupon bonds,
as hereinafter set forth, bearing date July 1,1885.
Principal and interest payable in the City of New
York, at the fiscal agency of Georgia; and at the
office of the Treasurer of Georgia in the City of
Atlanta. Interest payable semi-annually onJanuaiT 1 and July 1 respectively.
Bids will be received for two hundred thousand
dollars (§200,000) of the amount to be delivered on
July 1, 1885. And for two hundred and twenty-flve
thousand dollars ($225,000) to be delivered January 1,
1886, the accrued interest being withheld by the
State. And for the remainder of the amount of three
milU(»n four hundred and fifty-five thousand dollars
(§3,455,000), (or so much thereof as may be necessary
ifor the purpose aforesaid), on June 1, 1886, the accrued interest withheld as aforesaid. Asto lastdelivery,
however, successful bidders will have the option of
tendering any Georgia Bonds maturing as aforesaid,
PAR
at their
value, in payment therefor, at any
time after July 1, 1885, and receiving new bonds.
Notice Is hereby given that the undersigned, the
trustees under the mortgage dated May 1, 1881,
made by said company to us, to secure an issue of
140 bonds of 11,000 each, all of that date, have designated, and we hereby call in, for redemption, as provided in the mortgage, all the outstanding bonds of
Baid issue, namely, bonds numbered as follows;
'38
7S
99
120
15
79
100
16
37
121
44
17
80
101
122
18
45
81
102
123
19
48
103
82
124
47
88
20
104
125
48
84
105
21
126
49
85
106
127
*_i
BO
86
107
128
SI
87
108
129
84
88
109
2S
S2
180
89
110
28
63
131
54
90
111
132
27
56
91
112
28
133
29
57
92
118
134
58
93
114
80
135
81
94
59
115
136
60
95
116
S2
88
73
96
117
34
78
97
118
77
85
98
119
^Being one hundred and one (101) bonds of $1,000
^
each.
The said bonds must be presented and delivered to
Messrs. Winslow, Lanier & Co., bankers, 26 Nassau
Street, New York City, for account of the undersigned trustees, on or before the first day of May,
1885. The interest on any bond not delivered by
that day shall thenceforth wholly cease.
1884.
CHARLEMAGNE TOWER.
WI I.I.I AM 8.
S- LANE,
l.ANE.
WILLIAM
)
(
-,,,„„„„
Irusloes.
The State will issue registered bonds in lieu of
any of the above-named 5 per cent bonds, as provided in said Act, at any time on demand of the
owner. Copies of the Act of the Legislature, and
information touching the proposed issue of bonds,
will be furnished on application to the Treasurer.
By the Governor.
HENRY D. MCDANIEL, Governor.
R. U. HARDEMAN. Treasurer.
The Corbin Banking Co.
115 Broadway,
7
AND 8 PER CENT
H. B. HOLLrlNS
Ko. 74
TERMILYE
Nos. IG
&
&
CO.,
CO.,
NASSAU STREET.
18
is ABSOLUTE SAFETY ami a MOST
REMUNERATIVE RATE OF INTEREST. Result*
where there
of such an investigation will fully confirm all we
have said in respect to the great value of these first
mortgage loans when they are made through our
company, surrounded as they are by all the safeguard^our long experience has enabled us to provide.
Consolidated Gas Co.
OF BALTIMORE CITY,
Trkasurku's Office.
To the Huldera of the Six Per Cent Gold Coupon
Bonds of the Gaslight Company of BaItiinq>T3
AccordinK to the stipulation embraced in said
Bonds, the nolders thereof are hereby notified that
the Consolidated tJas Company of Baltimore City
will redeem the same on presentation at their office
in tlie City of Baltimore on and after the First
day of May, 1885, and that the interest thereon wlU
cease from and after that date. By order,
CHAS.
Flagg,
Duncaji Building, Cor. Nassau & Pine Sts.
KNTBANCB
No. 11
PINE STREET,
BROKERS AND DEALERS
IN
BONDS.
Car Trust Bonds,
WE MAKE A
SPECIALTY OF THESE VERY
SAFE SECURITIES, AND BUT AND BELL SAME
MARKET
AT
PRICE.
WE OFFER A LIMITED AMOUNT OF DKSIR
ABLE CAR TRUST ISSUES, ADDITIONALLY
SECURED BY THE DIRECT OBLIGATION OF
THB RAILROAD EQUIPMENT COMPANY.
POST,
MARTIN &
No. 34
MORTGAGF.*.—
Fifth
F.
PKKtGOY,
Treasurer.
Avenue
HOTEL,
NEW YORK.
IHadison Square,
The Largest, Best Appointed and Most Liberally
Managed Hotel in the City, with the Most Centra
and UeliKhtf ul Location.
&
Reed
York.
bear and their great security, have necessitated a
very considerable extension of territory in which to
secure them. We were never able to offer a more
choice line of these securities than at present. Investors should hear in mind that we hold here in
New York record evidence of more than twenty-flve
years' active work to make good all we claim. This
record we are not only willing to show, but solicit
for it the closest scrutmy by parties holding surplus
funds which they desire to place for a term of years
BROADWAY.
&>
New
FARyf MORTGAGES.
The growing requirements of our regular investing
clients, who have taken these mortgages for many
years, coupled with those of new investors, attracted
to them because of the high rate of interest they
right to advance price without notice.
ERN PACIFIC RAILWAY COMPANY.)
October 22,
1886,
accruing on the bonds
its office, 23
J.
Executive Office,
Atlanta, Ga.. March 10, 1885. S
Under authority of an Act, approved Dec. 23, 1884,
authorizing the Governor to Issue Bonds for payment of principal of bonds maturlne in 1885 and
;
REDUCING THE BONDED DEBT OF
THE COMPANY BY THE LATTER
AMOUNT.
School 7s.
Richland Township, Indiana—
School 7s.
APRIL
These Bonds are issued to retire underlying
Bonds, as follows
FIYE PER CENT— THIRTY YEARS.
Bids must soeclfy amount of bonds desired in mul$5,240,000 MICHIGAN SOUTHERN S. F. tiples
of one thousand dollars ($1,000) accompanied
7% DUE MAY Ist, 1885.
by certified check, or certificates of deposit of some
solvent bank for five per cent (o p. c.) of the amount
CLEVELAND
TOLEDO
1st
&
$1,596,000
of such bid, payable to the order of the Treasurer of
or by a deposit of bonds of the State of
MORTGAGE 7^, DUE JULY let, 1885, IN Georgia,
Georgia.
Bids will be opened and declared by the Governor
ALL $6,835,000, OR $1,150,000
Treasurer, the State reserving the right to reject
MORE THAN A KE TO BE ISSUED THUS and
any one or all of the bids.
10.
Johnson County, Indiana-
County
XLT
3?^iuatxjcial.
^S,6S5,000
_
Railroad Co.—
Columbus & Hocking Valley
First Mortgage 7s.
^
„ „
^ r,
Cincinnati Hamilton & Dayton Railroad Co.—
First Consolidated Mortgage 78.
First Consolidated Mortgage Os.
Dayton & Michigan Railroad Co.—
Third Mortgage 7s.
Grand Rapids & Indiana Railroad Co.—
First Mortgage Unguaranteed 7s.
First Mortgage Extended Land Grant 7s.
[Vol.
^itiawcial.
Sec,
DIVIDENDS
INTEREST AND
THE
on the following bonds and
York
:
CO.,
PINE STREET.
Only the most desirable loans
Absolute safety and satlsfactioD. The KansasMissouri Loan Trust Co., Wyandotte, Kansas.
HITCHCOCK, DARLINO & CO.
Moore
&
Schley,
MEMBERS NEW YOKK STOCK EXCHANGE
26
BROAD
ST.,
NEW
ITORK.
Private Wire connection witli Philadelphia,
ashington.
Baltimore and
W
&
Spencer Trask
BankerSy
Co.,
Nos. 16 AND 18 Begad Street,
Transact a General Banking Business
Branch Offices:
Connected by Private Wires.
Philadelphia, 132 South Third Street.
Albany, N. Y., 65 State Street.
Providence, R. I., 13 Westminster St.
Saratoga, N. Y.. Grand Union Hotel.
tmtk
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATEa
((Entered aooordlDg to oot of Congress, In tho year 1886,
VOL.
by Wm.
B. Dan.i
* Co., In the office of Uie Librarian of Congress,
SATURDAY, MARCH
40.
CONTENTS.
28
,
Washington, D. O.J
NO.
1885.
'^
1,031.
The Middle, Western and Southern
show an improvement in percentage, but only in
THE CHRONICLE.
the former case is there any increase of clearings.
375 The February Trade Statement 382
Clearln/t-IIouiie Returns
At New York there was a decline of 27-7 per cent. Share
The t'limuclal Sltnatlon
376 Monetarv and Commercial
383 transactions on the Stock Exchange reached a market value of
English News
CotloM .Suiu)ly and Dopressioa
March
14 of 1'7 per cent.
sections all
1
1
|
373
Union Pttclflc's Annuol Charges 380
Uil'iice
Commeroial and Mlsoellaneous
384 $79,880,000, against $74,443,000 a year ago; with double
these values deducted from the New York totals the exchanges
Qiiotatlonsof StocksandBonds 383 otherwise arising are seen to be $269,116,688 and $444,362,.547
Money Market, Foreign Ex389
Local Securities
change, U.S. Securities, State
respectively in the two years, or a decline of 39'4 per cent
Railroad Earnings and Bank
and Railroad Bonds and
390 With New York excluded the week's total is $220,375,095
Returns
8to ks
336
Investment and Railroad InRange In Prices at the N. Y.
301 against $250,183,591 last year, or a loss of 11-9 per cent, against
Stock Exchange
337) telllgenoo
THE COMMERCIAL TIMES.
a decline of 9'6 per cent during the preceding six days. Below
400
395 Breadstuffis
Oommerolal Epitome
we give the details for the different cities
401
Oonon
395 Dry Goods
1
News
1
THE BANKERS' GAZETTE.
i
1
:
1
Wteh EnMno March 21.
3^he
^hxouicU.
Thb CoMaoBOiAL AND FnTABciAL CHBomcut U ptMished
»428,776,988
in
2few York every Saturday morning.
1
Sale4
Entered at the Post Office, New York. N. Y., as second-class mall matter.
IN
ADVANCE
(StocJi»....f*orH.)
i
For One Year (Including postage)
$10 20
610
ForSlxMonths
do
«2 7b.
Annual subscription In London (inolading postage)
do
do
Al 88.
Sixmos.
do
These prices Include the Investors' Supplement, Issued once In two
months, and lurnished without extra charge to subscribers of the
Cotton.... liolM.)
IPtVrdtmmJM:)
Providence
New Haven
Woroeater
be continued tmtll definitely ordered to he stopped.
The publishers cannot be responsible for remittances unless made by
Drafts or PostOffice Money Orders.
A neat file cover Is furalshcd at 50 cents postage on the same is 18
cents. Volumes bound for subscribers at $1 00.
Offices In Encland.
Subscriptions will
;
The
Commebcial and Financial Chronicle
the
oflice of
Ed»ar08 & Smith,
London
C. where
In
Drapers' Gardens, E.
Bubscrlptloiis and advertisements will be taken at the regular rates,
paper
supplied
at
Is. each.
and single copies of the
Tlie otilce of the Chronicle in Liverpool is at B 15, Exchange
Is
with Messrs.
WILUAM
B.
DANA,
r
JOHS O.FLOYD.
^
,g
'"
^
1
NKW YORK.
gj WlUlaiu !!itreet,
FoST ^FFICE BOX 958.
SprlngfleW
LowoU
Total N.Bngland
Philadelphia
Plttabarg.
Baltimore
Total SlldOls....
Chloa<io
Mllwaokeo
Detroit
lodlauapoUs
CLEARING BOUSE RETURNS.
There has been a farther reduction in the volume of exchanges this week, the aggregate decline from March 14 reaching 157,380,613, of wliich $53,913,086 was in New York, leaving
$3,374,530 aa the falling off in all other sections of the country.
The statement is, therefore, less satisfactory than those immediately preceding it, yet in the light of the lower values than
last year,
now
of business
it
ruling on almost all commodities, the amount
covers doubtless approximates very closely to
Peoria
The reduction in values
instances very great, and in such staples
wlieat reaches fully 20 per cent. It should be
»59S,2<I6,547
Total Western...
Loula
St. Joseph
New Orleans
—aTT
Week Endtnt Mar.
188B.
1*.
Pff-Omt
$488,688,774
—1»«
(-fH-7)
(600,600)
(-H4-8)
(-58-0)
(1,858,178)
(248,600)
(38,513.000)
(1,151,529)
(— Kl-O)
(38,871,225)
(-H89-B)
(33,887,000)
(38,079,000)
(-H0-2)
(46344,000)
(-28-4)
»56,830,872
8,639,400
1,278,912
060,666
912,927
659,817
$64,424,338
—ia-1
$61,607,114
(1.318,167)
3,890,800
1,649,854
1,056,509
829.660
Total Sonthsm..
SanFraaoIsoo
4,17«,.'S00
-I-9-9
fl-S
1.890,080
-18-6
1,001,554
-W-S
-H)-6
700,129
426,733
759.196
681,706
431,150
-10
»85,200,378
$73,723,011
—11-5
$71,000,060
»42,517,0&4
6,448,981
13,139,178
$50,902,906
10,611,183
11,925,437
-16-4
-89-3
-HO-3
$40,819,799
6.986,793
10,806,429
-lfl-9
t62, 155,248
$73,4.39,586
-15-4
$57,113,021
-18-1
»35,218,735
9,117,800
3,026,458
8,181,146
1,071,165
l,8U,59l'
$38,586,096
8,869,750
2,876,239
-8-7
$S«,173,!89
-9-7
-18-8
8,478,100
8,211,497
-15-9
-H4-1
-85-7
-0-4
1,205,1621
1,205,180
881.225
-14-3
8,888,179
1,060,960
1,772,188
1,841,188
872,516
1
2,314,498
1,374,622
1.764.333
-t-2-7
+5-2
-8-4
-22-1
-f2-7
-t-OO
-t-3-0
-t-ia-9
+9^
H-7
-49D
-T7
4-84-9
-HM
~»H
t.'>4,S29,444
$57,854,983
-61
$55,747,156
113,650,896
659,196
-irs
$13,073,796
630,800
7,713,618
8.9 18,876
-ri
3,212,887
1,371,737
$16,514,709
744,101
10,403,945
4,296,274
2,829,900
1,899,988
-H4-6
-2-0
3,090,038
-F9-4
1,649,033
-f-8-0
»29,943,6I5
$36,187,947
-17-0
$89,977,181
-80-1
18,740,412
«649.131.783l
all
-e-6
-82-e
-9-1
(-h68-8)
833,394
666,776
826,874
496,808
4,088,982
Memphis
(618.800)
-13-1
6,929,917
EangasCltj
this year's total compares.
Per Cent.
(30,247,000)
757,387
3t.
Total
which
I
0/—
1
(
TERMS OF SUBSCRIPTION-PAYABLE
1884.
1885.
-11-4
-SS-4
-4-8
-8-1
—so-i
-80-9
-85-8
$8,978,184
-8-9
$9,918,844
-H-5
1843.430.138
-830
$7U6.4S8,8e6
-14-8
We have, as usual,
received by telegraph the returns for the
days ended with Friday evening, from some of the i tnportas corn and
ant points. Witli the exception of Boston and Baltimo re, the
remembered also that the weather for the week under review
cities embraced in the statement record clearings in ex ?e93 of
continued severely wintry, and tliat this influence very
St. Louis and Baltimore fail t<)make
the previous five days.
materially checked trade.
as good a comparison with last year as on March 30.
The exchanges aggregate $649,151,78.8 this year, against
fttwD^Xwr tjrar.80
JttM Day JBiuKufl Mar. S7.
$843,430,'l38 for the same period in 1884, or a loss of 23 per
cent, against a decline March 14 of 14'5 per cent, and the
PerOuU
Ptr Cent.
18BB.
1884.
1885.
previous six days of 33-6 per cent. There are eleven cities in New York
-28-6
-»arB
$354,678,0131
1371,167.442 »519,680.«76
(U 68,098)] (-(-18-7)
which there is an increase in the figures over last week, and SdaBlStotkitlu.) ;(1.427,9I2)| (1,841,018) (I-6-5)
referred to
is
in
many
five
I
eight cities exhibit clearings in excess of 1884 against thirteen
a week ago. The New England section records a decided
decline in the total exchanges, and in comparison with a year
ago presents a falling off of 11*3 per cent, against an increase
Boston.
Philadelphia
St.
Louis
„...
44,M6.513.
4(5,844,061
88,878,824!
87.986,401
-4-3
48,«««,878i
-8-«
—«-8
86,87»,87«
-iro
10,024.761.
0.487.505
-HS-9
11,108.8M
-f«-»
11,493,795
14.099,547
-is-s
ii,sas.40i
BIW
-94-6
•MI.OfWMfl
-1«*
-nr*
T4^r«7T .!«
1627
7.1B
.
THE CHRONICLi;
376
rvoL. XL.
rOKEIGN TRADE OF THE UNITED STATES— (OOOs
THE FINANCIAL SITUA TION.
MERCHANDISE.
The events
week have
the past
of
left little of
impor-
A
vious reports.
weather
of
Imp'ta Exp'U
Exp'ts]
return of milder and more spring-like
spring trade, and business has responded to its influence
The decided change in temperature is
in a fair degree.
also of benefit to the crops,
and has resulted
somewhat
in
news from a portion of the winter-wheat section,
while the South is thus enabled to make a good start towards cotton planting, farm work in that section being,
In the meantime also,
up to this date, very backward.
breadstuffs and provisions have been moving to market
rapidly, and railroad earnings in general continue to make
a better showing than a year ago.
"We should not however 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
smd their effect on our stock and merchandise marIt has looked a little as if Great Britain might
kets.
October
And
yet Russia evi-
now
just
she
is
in a
1,948
1,850
1,438
2,144
2,078
1,446
630
1,887
1,636
261
49,156'
38,344]
11,035:
Tot. 5 mos. 376.672 >23,6ia 153,060:
16.984
movement
months
been
has
1,815J
12,6721
4,
The above summary shows
favor on the
~T~
2,574
7,TS9|
8,183
2,418
January...
February..
~r~
2,237'
34.265
November.
December.
that
3,478
631
41X
1,331
1,136
2,229
2,507
1.09S
1,003
1,504
12,638
7,621
5,017
the balance in our
of merchandise
153 million
0/
Bxptt
193
444
603
2,430
better
have a brush with Russia after all.
dently has no such intention, for
71,073
.
Exp'ts Imp'ts
~r~
~~i
51,718
79,783 45,518
91,295 43,139
80.562 42,218
58,069 42,024
19,860
.
Exet—
of
Imp'ts
18*4-85.
feature for the development of
favorable
a
is
Exp'ts Imp'ta
Silver.
Excess
Exesssi
tance to record affecting the tendency and tenor of pre-
Omitted.)
Gold.
for
dollars;
the last five
we have
that
received in gold during the same months in excess of our
exports of gold about
1
2^ million
m
a net total of 5 millions
of 153 millions,
dollars,
and have shipped
silver; so that
we have only been
on our balance
paid in
money about
7^ 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
wholly set
gating in
off
8 millions
all
that on the
not
if
by undervaluations of exports) say aggre-
first
month also we may estimate
we owed the world per-
a
;
of October last
haps 30 or 40 millions (not more) on back unsettled
wretched condition financially to cross swords with the
Bringing then all these items
business 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
;
United States on the merchandise account
months ending March 1
$153,060,000
$12,672,000
Received during same time in gold, net
Balance due
much on the
backing down
reputation of
the Gladstone ministry for
tlie
for the iive
moment, and so by chance as i(;
Less net shipments of silver
Granting however, that is to be
Net payments received in cash
the result, is it not possible that the United States is antic- Net iiayments in freights, &c., 8 miUionB per
month
ipating too large a dividend as their share in the contest ?
were
at the last
5,017,000
drift into a fight.
In the
first
place active preparations do not necessarily im-
ply war, but tend rather to prevent
Back deht unsettled Octoher
40,000,000
3.=i,000,000
82,655,000
furthermore, even a
it;
1884, say....
1,
7,655,000
$70,405,000
due and unpaid March!, 1S85
This rough statement indicates that on the 1st of March,
Total
considerable skirmish, as armies are situated there, need not
still
it, and if by any
1885, the United States had outstanding to its credit on
what she had gained the foreign business account about 70 million dollars. And
by it pending further negotiations (perhaps that is not too yet, notwithstanding that fact, sterling exchange has gone
much to expect as Mr. Gladstone met the previous similar up one cent this week, and it would be no surprise if an
issue in that way) she would have no more need for export of gold should set in before many months. Values
result in hostilities
;
Russia could explain
species of diplomacy she could retain
Besides
war.
pens,
though
if
worst
the
that
is
anticipated
hap.
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
if carried to
;
to be, that hostilities,
the extent of blockading Russian ports, would
hasten the marketing of breadstuffs, help Western farmers through the better prices received for the remnant of
the old crops, and improve
Western and Trunk-line railroads temporarily, while on the other hand increasing the
chances of another glut of food products the coming
fall
and winter.
showing themselves to be above the reach of statit 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
The saddest part of it all is,
country the silver dollar
however, that our trade balance comes, not from exports
(for in February they were the smallest of any February
that is, from the
since 1877), but from decreased imports
very depression in business which the silver scare produces.
We do not hear that any progress is being made in
advancing the measure proposed by our Railroad Commisare thus
utes.
Would
!
—
sioners in their
building of
An
unfortunately suggestive circumstance of the week
has been the hardening tendency of sterling exchange.
This would be of comparatively
little
dition of our foreign trade produced
balance in our favor
importance
it.
if
To be
the con-
sftre
the
amount each succeeding
a large unsettled balance still,
sufficient to have given us a substantial increase in our
month now, but
there
is
less in
is
stock of gold; or, in default of that, sufficient to keep exchange down, now that exports have fallen off; yet in spite
of our favorable trade conditions, with
—
the
first
report to the Legislature to prevent the
any more
parallel roads,
passes without affording
new
and yet not a week
illustration of the
We
on the Kickle-Plate emergency and the drop in its mortgage
Since then the situation has been more fully
bonds.
developed and now a default and a receiver are claimed
to be the process
reached.
Had
through which an adjustment
to
be
and pay the projectors in a legitimate way, it would never
check in have been located along side and in sight of the Lake
missions, the
to enable
a great service to our producing interests.
situation
the
is
that road been built to develop the country
up goes sterling strikingly confirming what the
for months has been proving, that foreign exchange has strangely broken away from trade influences
and is being dominated by a more subtle agent. The
Bureau of Statistics has this week issued its February trade
statement, and we add that month's totals to our usual table,
exports,
waste that
policy has caused and is causing, and the necessity there is
commented in our last
for directing such enterprises.
reader to take in the situation at a glance.
Shore.
The same truth
applies also to the
the bonds of which have dropped
Neither
to
the
whereas
of
these
industries
if
enterprises
of
the
their location
will
this
be of
country
for
West
week
Shore,
to
32.
any benefit
many
years,
by comcould have done
had been directed
same amount of
capital
We notice that
;
March
THE CHRONICLE
38, 1885.]
the Connecticut legislature has this week taken action on
this (luestion, ostensibly moved thereto by residents along
New York & New Haven
who
377
the extinction of the floating debt of 3^ uiillion* in amount.
That, to bo sure,
is
not a heavy debt for a corporation of
magnitude of the St. Paul to carry, but of coui-ae no
It it true, too, that the debt
j>rotection from the frequent invasion of their lands by debt at all would be better.
ougineors and others engaged in speculative railroad enter- has been heavier in other years, when full dividends were
prises.
The railroad cominittee, after many hearings, has declared, but that is of no consequence. The induatrial
reported the following bill, with a recommendation that it situation and general surroundings were better then than
be continued to the next session and printed with the now. The two per cent reduction effects a saving of
$600,000 to the company, and the surplus beyond the
laws.
dividends
and interest, which on a seven per cent basis
••
No railroad company hereafter organized under the general niilroad acts or now organized, and whose lay-out has not would have been $453,901 for the late year, on the five per
lH!en approved by the Uailroiid CJommiasionerg, shall enter uiK)n
The better opinion will be,
cent basis is $1,071,986.
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 connotice and upon a public hearing, shall find and certify that servative action than it would have been
if the regular disthe building and oijeration of such road, in the manner and in
The St. Paul has a
the general line proposed, will be of public benefit, and will tribution had been determined upon.
promote the welfare of the people of this State."
large margin of income between its earnings and mere
Its interest payments in 1884 were
This is perhaps a good model for all our legislatures. interest requirements.
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 tho 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 flucupon.
There must be something to be added to tuations, the uncertainty as to St. Paul's dividend being
the line of the
road,
desire
tho
—
version
the public's
the
of
lame affair, for it
bondholders are the most
set
or
else
the
that
disinterested,
it
a
is
present
self-sacrificing
of individuals that the financial world has ever pro-
duced.
25
matter,
assumes
very
The rumor
provides,
first,
for a
first
prominent among them.
port on
the
Monday
Association
Transcontinental
Central Pacific, St. Louis
mortgage of son Topeka
with which to take up 10 million
Another influence was the
&
re-
that the differences between the roads in
Santa Fe
& San
— including
Union and
Francisco and the Atchi-
—had been adjusted
by a
revision
would end the quarrel
minal bonds, on which 6 millions have been borrowed, between the Union and the Central Pacific and Pacific Mail.
and 1 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,
million
dollars
receivers' certificates.
ter-
Next, to issue a second mortgage
of 25 million dollars to settle with the Ontario
&
Western,
of the pooling contract,
and
and that
also for the reason that
it
this
was rumored
that the set-
tlement would immediately result in the adoption of a
new
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,
is made for giving the existing bondholders a preferred although it is
asserted that preliminaries have been
stock for their present
first lien.
after reading the above, that the
One
is
almost surprised,
arranged,
rumored plan should not stead
of
and that
the
all
Union
the
and
Trancontinental
the
Central
roads, in-
Pacific
alone,
have gone one step further (having taken care of all other will be parties to the n^w agreement. On Tuesday
parties), and provided that the old stockholders have the the Vanderbiit specialties were
favorably influenced
preferred stock, and the old bondholders come in after by the announcement that at the meeting of presithem for the common stock.
continue the eastto
dents it had been decided
An interesting event of the week has been the disposal bound pool organization until May 1, and that meanby the Chicago Milwaukee & St. Paul directors of the div- while efforts would be made to give it more permanence
idend question on the stock of that road. It was voted and efficiency by obtaining the co-operation of other roads
to
make
the
next semi-annual payment
1^ per cent,
in-
stead of 3^ per cent, as heretofore.
This under the prea
ent conditions of business is certainly a wise disposition of
the matter.
Some argue
to be accepted as
meaning
others only 3 per cent.
It
that the present distribution
5 per cent dividends
ig
per year;
really does not matter which.
in the
West.
Central
New
Jersey was unfavorably
af-
fected by the determination of the directors to take steps
Reading lease, and by the prospect that dewould 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
to annul the
fault
The lower rate improves the position of the property and already been placed in the hands of a receiver. Subsewill, we should judge, increase confidence in the manage- quently there was a partial recovery, which was maintained
ment. The directors have thought it proper to make some to the close.
Since Wednesday the varying phases of the
explanation of their action, and they conclude their ad. European war news have been the dominant influence. The
remark that they " feel trading is mostly confined to the professional speculators.
"the importance of economical and conservative manage'
Pennsylvania Railroad statement of earnings and ex"ment, and hope and believe that the policy now penses for February has been issued this week, and makes
" adopted will meet the approval of the stockholders."
are comof course a decidedly unfavorable showing.
dress to the stockholders with the
We
We
meet their approval, and of the general paring with a month last year which had one day more
public as well.
The important fact to remember is that than the present, while rates on through traffic have been
the regular dividend had been earned, that the property is completely demoralized, both east and west- bound. Es•doing well and its earnings still increasing, and only pru- pecially important is it to note the official reduction in the
dence and caution (which in a troublesome period like the latter. It is the west-bound businees that furnishes the
present are very desirable qualities) prompted a lowering highest rates and the most profitable business, and it is
of the rate.
The object had in view is stated to be on that class that late in January (owing to cuts by some
are sure it
will
—
.
.
.
THE CHRONICLE.
378
[Vol. XL.
from returns collected by us, exhibits the receipts and
of the lines) the tariff was reduced as much as one-third
from 75 cents to 50 cents per 100 lbs on first-class freight, shipments of gold and currency by the New York banks
and other classes proportionately. Finally, and perhaps during the week.
transcending all other influences in its immediate effects,
Received by
Shipped by
iVet Interior
Week ending March 27, 1885.
N. Y. Banlcs. X. Y. Bjnhs.
was the extreme severity of the weather that preMovement.
?l,045,O0O
$715,000
Gain... »330.000
That is so recent an event and has been so Currency..
vailed.
frequently
by
alluded to
we need not dwell
that
us,
Gold
these adverse influences
upon it now. The result of all
was that gross earnings on the Eastern
033,
and
only iif56,943 in expenses, net shows a decline in the large
,
sum
This decline
of $294,090.
is
the
more noteworthy
that there had been an almost equally heavy falling off
The net
in the previous year.
year
this
$1,336,694,
half a million.
;
in February,
lines last year
they do
this year,
1883,
was
$830,489—loss over
only
si
The Western
account of themselves
-
it
gave a poor
still
worse, the
being $190,780, against $145,686 in 1884, $98,536 in 1883, and a surplus of $165,022
The following offers a
in 1881 and $133,243 in 1880.
meeting
deficit in
The above shows
lines fell off $351,-
having been accompanied by a reduction of
this
of gold
the actual changes in the bank holdings
and currency caused by
this
movement
to
and from
Clearing House
banks of gold and currency for the
week covered by the bank statement to be issued today.
Week ending March
27, 1885.
Outof Bxnks. Net Chinye in
Into Bunks.
Bjnic Holding.
Banks' Interior Movement, as above
Sub-Treaaury operations
$1,120,01)0
Total gold and legal tenders.
.
.
Gain
5,000,000
?715,000
5,750,000
Loss.
(105,000
750,000
»6,120,000
i;6,485,000
Loss.
$315,000
.
of England reports a gain of £128,395 bulduring the week. This represents £229,000 received
from abroad and £100,605 sent to the interior.' The Bank
lion
Lines bast of
Pittsburg.
1885.
February.
Gross eaxniof^s
Operat'K expenses.
Net earnings...
Western lines
I
3,075,700
2,215,211
1880.
1881.
1883.
i
t
$
I
of France
gained
Restiit
3,712,215
2,375,521
3,308,750
3,095,611
2,227,129
1,937,510! 1,712,894
francs silver, and the
1,124,579
1,336,694
1,079,821
1,168,104] 1,232,182
return
-100,780 —145,886
639,709
2,944,576
has
979,424
7,000,966
4,710,261
7,641,672
6,680,071
6,284,8291 6,088,127
4,883,820
4,526,184
3,919,86l| 3,420,647
Net earnings... 1,821,083, 2,890,715
—284,500 —256,271
Western lines
2,807,752
-f 183,271
2,153,887
2,384,905
6,353,222
4,532,169
interesting
feature
2.096,438
in this table
the decline in gross earnings as
1,365,425
1.323,126;
it
the last
since
marks.
Tiie
amount of
European banks this week and
is
it
is
2,011,194
not
bullion in
at the
the
follow,
corresponding date
March
3,032,550
Oold.
Oold.
much
*
so
the comparatively
weather greatly increased the
In none of the years given above do
Bank of England
Bank of France
Bank of Germany
The Assay
low Treasury
for
Silver.
27, X884.
Silver.
35,991.3
25,480,425
40,425,229 42,i;5.915 40,171,834 40,097,154
,226,837 21,6sO,513
7,546,000 22,638,000
...
Total this week
Total previous week
We
find net earnings as small as those for this year.
principal
last year.
March 26, 1885.
clear that the
cost of operating.
Germany
the
2,698,480
large aggregate at which expenses have been maintained,
making
and 6,772.000
francs gold
of
increased 2,280,000
—57,449 +548,229 +434,070
2,034,444
Result...,
Bank
—98,536 -100,197 +163,023 +188,243
1,238,158
Jan. 1 to March 1.
Gross earnings
Operat'g expenses.
2,952,000
3,426,733
2,302,151
ing indicates
we
175,000
1405,000
The Bank
years.
The
Gain...
Gain..
In addition to that movement, the banks have
lost $750,000 through the operations of the Sub-Treasury.
Adding that item to the above, we have the foUowino',
which should indicate the total loss to the New York
for six
lines
^715,000
the interior.
liabilities
comparison on both Eastern and Western
76,000
Total gold and legal tenders.
3,643,138 64,096,458 73,198,259 62,735,154
73,368,240 63,739,33.'^ 72,898,773 63,322,168
.
$111,275
through the Suband
f.
$97,050
Eastern and Western lines
foreign bullion during the week, and the Assistant
together, the net result for 1885 is only about half that
Treasurer received the
following from ths Custom
of such years as 1883, 1881 and 1880, and this applies to
House.
the two months as well as to February alone.
For these
Oonsisting of—
two months it will be seen the result is only $1,556,863,
Date.
Duliei.
against $2,034,444 in 1884 and $2,931,026 in 1883, and
TJ.S.
Oold
Silver OerOold.
Notes.
Ocrtiflc'a.
Uficates.
equally heavy totals in 1881 and 1880.
$377,527 27
$3,000
$73,000
$184,000
$117,000
Exchange, as already stated, has been advanced one Mar.20.
" 21.
204,151 77
2,000
55,000
84,000
63,000
cent per pound sterling this week.
"
The investment
23.
535,864 01
2,000
209,000
107,000
217,000
must go back to 1878
aggregate.
Taking both
demand
to
reach
a
similarly
for long sterling continues, although there
little profit
in
offerings are
the operation, and
made
of
maturing
very
comparatively liberal
bills.
are scarce, being rapidly absorbed
is
Commercial drafts
by bankers.
An
"
Office
paid
domestic
21.
25.
26.
472,001 23
238,612 68
609,258 44
1,000
2,000
3,000
Total.
$2,437,415 40
$13,000
"
"
_
inter-
bullion
275,000
59.000
332,000
116,000
92,000
192,000
$490,000 «1. 122,000
$810,000
80,000
85,000
82.000
is
esting feature has been noticed within a few days, and that
a demand for sterling for remittance to the Continent.
COTTON SUPPLY AND DEPRESSION IN PRICE.
The reason for this, as stated by a prominent banker, is
that the Bank of France refuses to pay gold, a great deal
price
The cotton crop
much
of 1884-85 has
been sold at an average
would have brought if statistics of
of silver is reaching Paris from Italy and Belgium, and supply and consumption had not lost their usual effect
houses that are called upon to receive these deposits are under some influence at once adverse and powerful.
discriminating against silver.
This causes an uneasy feelAs one cent per pound on asingle crop of only 5,750,000
ing, and hence bankers remitting to France select sterling,
bales amounts to $27,750,000, and as another crop is about
which is equivalent to gold, instead of francs, as the latter to be planted, which, if the conditions are all favorable,
can and may be paid with silver, that metal being a legal may count up to 7,500,000 bales, on which a loss of one
tender in France.
less
than
it
movement of course increases the cent per pound would be about $34,000,000 to the cottonThe war news has had no influence producing States, it is well to inquire (1), if it be demonon the exchange market as yet.
strably true that those States have this season suffered any
This
inquiry for sterling.
Bankers' balances remain nominally at^@l|
percent
is no important movement of money
reported
at interior points.
The following statement, made up
and there
—
such loss as
if it
is
above suggested
?
(2),
the loss being actual,
was, in the nature of things, inevitable, or
if it
came
from a cause not only preventable, but actually foreseen
—
Habch
THE CHRONICLE.
38, 1885.]
d predicted
'i^
and,
?
whose door
at
(3),
the respon-
lies
of inflicting a great injury upon the whole country,
libility
most
—
:
visibly hurtful to the
Southern States
first
they had
hindrance
been
free
—must bo
to
work
as
answered by
without
past years,
in
any other contingency ihall
happen orery bit of
in silver dollars, or
put a premium on gold.
If that ahall
property, every debt receivable, every day's
?
—
branch of the inquiry whether the true relations of supply and demand would have secured higher
prices for cotton than have been obtained this season, if
The
ment debt
379
Let us take
statistics.
Ubor belong.]
ing to the people, will be valued only in silver, say 82 or
80 cents per dollar, while bankers, merchants and other
know how
capitalists
As
tracts.
than in
less
to protect themselves with gold con
the danger
now
1877-78, so
is
and the hope
more depressing
far greater
the ditlrual
is
those of the present crop, so far as yet known, with those
of the last five preceding crops
now; and that is why the distrust born of silver
and the price coinage has cut down the price of the cotton crop
York at intervals of two of 1884-5 at least one cent, it may be two cents, per
—
of Middling Upland in New
months from September 1
quantities,
pound lower than
coinage act been
Prtcea.
Orofof-
Kov.
Jan.
1.
U-31
mil
,,
ii'oa
.
Har.
1.
itav
1.
1.
is-Ba
laOM
11-81
18 00
11-B6
11-69
10-6.S
10-50
1SS2-83
1163
1106
liOO
lOlS
1019
lSS3-<i4
10-63
10-44
10-87
11*75
11-39
Average 5 years, 1870-84
6,097.000
1114
11-43
1147
Estimated crop 18Ht-85.
8,750,001)
U-75
1108
11-44
The last
five full
ought
extravagant to say that
B(Ut$.
1870-«0
ISSO-MI
it
l:i'8S
to
have been had the
repealed two years ago.
It
the last Congress at
if
had repealed that law,
silver
not
is
its
first
would have saved twenty
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
session
it
million dollars to the people of the
productive industry, as distrust
their destroyer.
is
No man
crops give a yearly average of 6,097,000
can find any other sufficient or even plausible
reason why cotton did not rise in price as demanded by its
two that wore much the largest ever pro- statistical position last October, or for the greater part of
duced. Their average price, measured by the price of the business depression that everybody has felt the last
Middling Upland in New York for eight months of each year, than the dread of evil to come (herein called
season, was f cent per pound more than the average "distrust") proceeding from silver legislation.
If our
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 compulcfop 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 requirethe 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
bales, including
—
difference as to cotton, that while there
is
an excessive injurious
supply (now called " over-production") of other merchandise, it is not true of raw cotton
for instead of its excess
;
a
deficiency
was impending, and
severe reduction in
home
now
then as
now
of irredeemable
years ago,
when
payments would
;
is
answered.
—
its
own
scarcity,
through
the bad state of cotton manufacture and trade, as it did in
the extreme depression of 1877-78, and from a similar
distrust,
started
and responsible cause of
on which we
their constituents, the inquiry
but partially averted by
So much about the cotton crop of 1884-85. Another
consumption, a condition which crop is now about to be planted. It may be a very large
the general depression in spite of
cause
legislation is the real
loss to
is
in any previous season since the war would have forced a
material advance in price.
It is true that cotton shares in
untrustworthy currency
the
the effect of an unsound and
then of irredeemable greenbacks,
and depreciating
there was doubt
silver dollars.
if
Seven
resumption of gold
be attained by January
1,
1879,
as
required by the act of 1875, even then the first five-sixths
of the crop of that season sold at a higher price than has
The cotton crop of 1870-71 was the second
one.
ever produced to that date, or 4,352,000 bales.
article in the Ciiko.vicle of
February
largest
Yet an
11, 1871, said:
"The
'season of 1869 was highly favorable and that of 1870
" surpassed it. In all the history of American cotton-grow-
'ing the third progressively favorable season has never
The next may be unfavorable. A planting
"equal in area to that of 1870 may turn out less than
"3,000,000 bales, "etc. The whole outturn of that crop (1871
'•been recorded.
-72) was only 2,974,000 bales. The weather phenomena of
Southern States were very,
rains, no snow and;
the winter of 1870-71 in the
remarkable for high temperature, light
been obtained for the crop of 1884-85, although the statistical position of the latter has been far the stronger.
no freezing, from the^middle of November to the middle
of February
so fine and warm that cotton picking of the
Why should this be so V 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
was promised by the Resumption Act, and fulfilment winter weather conditions suggested the probability of
was near. Now the promise of existing law touch- heavy rains and cold weather in planting time by
ing the currency is that its volume shall be increased which the cotton crop would be "thrown into grass,"
while
its
value shall be degraded
by
the addition yearly
of about 28 million silver
dollars (or
up
to
at
Secretary
of
the
the discretion
of
the
56 millions
Treasury)
—
resulting in
a short crop,
as
suggested in the
above
extract.
The weather phenomena of the four months November
March 15, 1884-5, have been almost entirely the
until the entire currency (its gold part then being expelled)
shall consist of silver dollars and circulating notes redeem-
reverse of those in 1870-1, and suggest the probability of
able in sdver dollars
a very favorable planting time this spring.
of
ture of 1870-1
—unless a timely repeal or suspension
the silver coinage act shall avert that catastrophe.
Sooner or later the end feared must come if silver coinage
be continued until the officers of the United States Treasshall be compelled to tender payment of any Govern-
ury
15 to
may also be reversed
:
Another
history does not
more than two successive shortening
crops.
may
also,
be very large.
This
is
probable
fea-
tell
of
The next
weather per-
mitting, from the fact that grain-growing (except forborne
—
—
THE CHRONICLE.
380
[Vol. XL,
and reflect credit on Mr. Adams' management, it is perhaps unnecessary to state. The monthly exhibits since
the advent of the new administration, have been very enbut venture no predictions of couraging, and this foreshadowed the nature of the year's
wants) in the cotton States has not been profitable the last
year or two, and is likely to'give place to cotton on many
thousand
acres.
"VVe state fair probabilites,
Nevertheless, the favorable character of the
what the harvest shall be. A crop of 7,500,000 bales in report.
1885 would be no larger for the land, labor, fertilizers, &;c., return now submitted is worthy of remark especially as it
available, than was that of 4,352,000 bales for 1870, or embraces the results for the months from January to
Let us suppose a crop of June, which were notoriously bad.
6,992,000 bales in 1882.
It is a singular fact, however, that the price of the
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
Should manufactures and trade be fairly active,
saved.
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
Under such conditions, without
the autumn surplus.
cause for fear or distrust, a crop of 7:^^ million bales ought
property does not improve in the market, but on the con-
Of
trary has been tending lower.
course, the quotations
on our Exchange do not always represent the actual value
of a thing, nor do the temporary fluctuations count for
much
;
in
but,
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
to bear a price for middling upland cotton as good as has made a thorough investigation of the accounts for 1884,
and finds that, as nearly as can be stated, the surplus inbeen obtained for the present crop, if not a better one.
come for the year is $3,310,104, equivalent to about 5-4
But should the existing causes of business depression
world
all
the
when
force
per cent on the capital outstanding. Yet the stock is being
in
continue
fear and dulness
—
see that a crop of 7^ million
shall
of bales of cotton is
seeking a market, under conditions as adverse as those now
prudent
ruling possibly aggravated by a drain of gold
—
—
men
decline be 2 cents per pound it
milUon dollars on 1^ million
pound
Should the
expect very low prices for cotton.
will
a small allowance in
is
will
amount
to about 70
and 2 cents
bales;
price for
per
the difference
knocked about in the market at 43@44.
Such an anomaly can only be explained on the supposition 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 extensive system of branch roads, a heavy floating debt was
between confidence and distrust.
Have the Southern people any right to complain if they accumulated, which the times have made it difiicult to carry.
have to accept such a loss on the next crop, or have they a The construction account is now closed, and the debt has
right to expect anything better, seeing that their repre- been materially reduced, but the burden has not yet been
sentatives in the last House, almost in a solid body. Joined entirely removed, and the adverse effects of its earlier history
in voting down Mr. Randall's proposition (from the Appro, have not yet passed away. Then there is the difiiculty with
How much does the road now owe
the Government.
and intensify the under present laws? What amount is likely to be called for
prevailing depression ?
Is the existing law to be
in the immediate future ?
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 ?
priations Committee) to suspend the silver dollar coinage
which, in
effect,
was a vote
to perpetuate
ourselves to any condition or legislation which permits of
cure through energy and natural forces combined;
cannot however
down
The
effect
we number
upon earnings
of expensive
of a large
the construction
of
branches,
is
also involved in
doubt.
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
from bad to worse all the time. The pro rata loss to the its demands upon the road's income is now pretty well
whole country and its many interests is no less than upon established. Of course, undue prominence and exaggerated
The
live
legislation
on cotton could be more importance is attached to this as well as to the other influit to illustrate the
ences mentioned, but it is just that circumstance that
general fact that the curse of the day under which every accounts for the weakness of the property in the market.
interest, all business, even the bullion price of silver itself, It may be said, however, that the only really uncertain
cotton.
fact of the loss
readily shown, and hence the use of
is
suffering, is
calamity
So great
the silver coinage law.
magnitude of the
evil
by
its
menace, so
much
is
the
greater the
element concerns the road's relations to the United States
Government on the debt question. That is a pressing
matter, and must be adjusted one way or another before
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
afford
if
degradation to silver value shall come, they
good reason for asking the President to
next, or sooner.
would go
call
The mere announcement of such a call
and kindle up new business
far to banish distrust
life.
real
embarrassment.
stated that the
It is
an every-day occurrence to hear it
Government must take measures
to enforce
now towards meeting the bonds issued by
the United States, lest when the bonds mature it be found
that the company has no money to pay them with, and
contributions
UNION PACIFIC'S ANNUAL CHARGES.
The report
of President
Adams on
the
Union
week
operations for the year 1884, presented this
Pacific
at the
the
Government be required
property and foreclose
event
than the face
deserves.
which has been
not appear
It is not the full arid exhaustive exhibit
in preparation for
—
some time
— that
will
till later
^but merely a brief preliminary statement, which however enables one to see clearly the fiscal
results for the year.
That these results are satisfactory
eous.
it
is
to
the road would
of the bonds.
The Government
itely better in fact
than
take possession
of the
under the mortgage, in which
intimated that
annual meeting of the stockholders, will receive the attention
it
it
lien
it
That
is
was
is
perfectly
when
bring
less
altogether erron-
the
good
—
infin-
bonds were
were no other obstacle in the way, the
not
be very serious. The bonds (constitutwould
matter
issued.
If there
;
March
28
THE CHRONICLE
1880.1
381
ing a second mortgage) could be extended at maturity and Government requirement, etc., as $2,962,485. Thia insay at 4 percent. New cludes $619,415 on account of Kansas Pacific land lalea
at a reduced rate of interest, too,
bonds having tlio same lien would bo issued and on the which he recommended last October should hereafter
and the proceeds of be set aside as a sinking fund for the retirement
seciuity offered, find abundant takers
—
—
—
the same would meet the bonds originally put out.
The difficulty therefore is not with regard to the principal,
of
He
the consolidated mortgage bonds.
states that the
surplus given should properly be increased by $245,754
butooncerns the accumulation of interest, which is increasing taxes paid in excess of the ordinary amount, owing
the amount of the debt the road must pay when the bonds to a change in the law of Nebraska, and by $101,866 on
The Supreme Court decided a few years ago account of bridge tolls due the company, but not paid in the
fall due.
These two items would raise the surplus to $3,310,.
that the company was not obliged to pay the interest till year.
the maturity
of the principal, but that the
Government
105,
and
it
is
in this
way
that Mr.
Adams
finds a surplus
According to our method
could compel it to make provision for meeting the debt,
year's
earnings
the
on the stock, the result
determining
of
early
seen
It was
principal and interest, in anticipation.
follows.
be
as
would
the
net
of
per
cent
that the yearly contribution of five
of 5-4
per cent on the stock.
would be insufficient to SiirpliiB filiowu l)y the year's accounts
orKanmiii Puolflo land Rales)
let alone the bonds themselves, and AddSt. JoAcpb hndve tolls
earnings, as required originally,
take
it
care of the interest,
was
passage of the
this that led to the
Thurman Act
of
Government requirement to 25 per
But even this has proved in-
1878, increasing the
cent of the net earnings.
In most
adequate to liquidate the yearly interest charges.
recent years prior to 1884, the
requirement did not
amount
of the
Government
far short of the interest
fall
on the
Add excess of
(laclading $619,419
$2,062,485
1013*6
taxes paid
245,794
TbwI
93,310,10ft
Deduct deficiency of U.
onanbsidy i>oods
S.
requirement In meeting interest
825,261
$2,494,844
Actual surplus
On
this basis the surplus
iiiillion dollars,
would be a
trifle
less
than 2^
per cent on the
equivalent to about 4
subsidy bonds, and in 1882 slightly exceeded the same
If the Kansas Pacific
800,868,500 stock outstanding.
but in 1884 there was a heavy deficiency, and we find by land receipts were also deducted, the surplus would be
the balance sheet that froiii February 1, 1880, to December equal to about 3 per cent.
That, it should be remem31, 1884, a deficit of $1,451,215 accumulated against the bered, however, is the result in a year the first half of
The reason for the which was the worst ever experienced by the compaay,
in 1884.
Government requirement applies snows and ice, and a war with rival lines, having cut
only to the subsidized lines, on which earnings have heavily down earnings to very small figures.
It will perhaps be
fallen off.
The result of all this accumulation of interest claimed that as we have allowed for the full interest
is, that instead of $33,539,512, the amount of the princicharge 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
was indebted to the Government in the sum of $48,864,- interest now existing, and which will have to be met
company, the greater part
deficit in
1884
is
that the
250.
twelve or
weak
fourteen
years hence.
As
said
above,
we
which it is to the interest think immediate steps should be taken to make some
of both the road and the Government to overcome. provision for this debt, but we can hardly get ourselves to
It is the duty of those interested to see, first, that no believe it would be proper to charge anything on that
Here, then,
is
a
point,
further accumulations take place
those
now
;
existing, be, if possible,
secondly,
and,
that
reduced or removed.
To accomplish the first, nothing more is necessary than for
the company to provide each year for the full payment of
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 yeaijs
preceding, from which it was excluded.
no reason why this interest
"With reference to the floating debt, Mr. Adams gives
should not be allowed for, the same as the interest on the the gross amount December 31, 1884, $11,306,595, against
company's own bonds. To accomplish the second, it $10,230,426 December 31, 1883, and the net amount
might be desirable to provide a yearly sinking fund, which $3,237,696, against $3,482,656. Both amounts had been
the interest accruing.
There
is
would, at the redemption of the bonds, take care of the
very heavily increased during the
first
six months, but
by prudent and economical management Mr. Adams sue
least imperative ceeded m bringing them down again to their present proporthe Government tions.
It should be said that in the offsets to the gross
accumulated interest that has accrued to date.
But passing the second
point, it is at
that no further accumulations of debt to
be permitted to occur.
bonds outstanding on
The principal of the subsidy
Union and Kansas Pacific
the
debt,
and by deducting which we arrive at the net debt,
the company's stocks and bonds held count for $3,578,160,
which at 6 per cent calls against only $2,099,433 a year ago. That is, there has
That is, the United States pays out this been an increase of nearly a million and a half in this
amount per year, which the road will have to repay at item, and except for which increase the net debt would be
maturity of the bonds. Now the Government requirement larger than in 1883. On the other hand, the amount of
roads,
is,
as stated, $33,539,512,
for $2,012,.til.
(25 per cent of net earnings on the
Union
per cent
for
and 5 actual cash
was only .§1,403,652
was only $712,963 in 1884, against
These are the figures just as they
$1,187,110, or $825,261 less than the interest charge. appear in Mr. Adams' statement.
But looking back we
Hence there was an accumulation of interest in this year find that in the company's report for 1 883 the cash on
alone of over $800,000.
We think that allowance for hand then was given as $1,962,310, or $558,000 more than
this item should be made in considering the year's results. Mr. Adams now reports it to have been. The new manageIf the bonds were its own the company would certainly ment have charged off large amounts for "accumulated
have to make provision for the interest in full each year
deficiencies, open accounts, and disputed credits," and with
even as it is, the same will have to be met in the end, and reference to these amounts Mr. Adams states that " there
the present poUcy, though strictly in conformity to the is nothing abomt them calculated to excite unusual comlaw, 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
on the Kansas
Pacific)-
Pacific,
1884
in the assets
in
1883.
;
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
—
.
THE CHRONICLE.
382
[Vol.
XL,
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
Perhaps the traction in the cotton shipments. "While we exported 435,000
"cash," we are at a loss to understand.
bales of the staple in 1884, in February, 1885, we exported
issued.
when
report,
explanation will appear in the full
only 286,000 bales, a diminution of 150,000 bales, which
TRADE STATEMENT.
THE
at $50 a bale would represent a loss of 7 million dollars.
J
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 tUe result appreciably.
different persons as
their value.
to
FEBRUARY
The gain
that the bread-
—
shows 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 BKEAD8TUFF8 AND PROVISIONS FROM LEADING PORTS.
—
over imports
amount,
in
million dollars
12
nearly
is
1885.
any other February since
Breadstuffs.
1881.
If we add on the January excess of over 38
millions we have a balance in our favor on the merchan- New York
New Orleans
dise movement for the two months of over 50^^ millions
Baltimore
BostOD, &o
atrade
such
result
of
natural
The
1879.
the heaviest since
and
this
is
larger than
in
Philadelphia
movement would be an influx of 25 or 30 millions of goldInstead of that, we have received only $3,964,220 all told,
and against this we have sent out $3,082,154, leaving the
Those who
actual gold import less than a million dollars.
,
New York
Philadelphia
on the Financial Situation
article
would seem called upon to
justify their views.
favorably the trade figures compare
to-day,
How
very
San Francisco
Other ports
Total*
with other recent
*
years, can be seen
from the following.
Imports.
Imports.
Exports.
Exports.
13,033,514' 30,912,373
10,084,022
22,369.048
10,703,326
24,382
69,025
2,304,349
1,073,752
62,860
1,808,933
4,943.401
8,709
13,312,448,
409,484
1,312,196
496.700
32,750
218,349
1,186,2211
3,010,0341
1,020,4191
65,316
760,595
4,574,696
15,248
28,720
1,052,419
133,927
32,370
1,097,414
7,421.588
19,387,136
6.951,800
Excess of
Exports.
32,1 03l
regards the individual items of
Undar
fore-noted.
much
the
1886
1884
1888
1882
1881
1880
ISTS
..
It
53,958,605
42,033,864
54,710,607
+6,536,019
66.855,239
66,300,518
-rl0,554.721
86,606,633
58,826,926
47,759,493
-1-19,974,314
is
59,956,673
55,647.471
64.828.787
35,373,419
-1-11,934,741
-2,280,393
-i-50,27S,;io
-f28,215,019
-f33,063,776
•f5,744,4»t
f 48, 768,418
-H.309,202 126,953.846 110,865,959
-fl6,0B7.h87
68,889,069
4-55,348.878
-f29,455,318 124,237,931
clear that the diminution in the importation of
foreign goods
is
the
main cause
of our trade, and this in turn
for the improved position
the inevitable outcome of
is
the rigid economy that the situation has forced upon our
The imports
breadstuffs
the
same
as those hereto-
have greatly improved,
I
1
61,246,686
67.733,807
..
t
*
134,520,547 84.241.837
135,236,233 109,021,214
147.235,492 113,271,716
121,5i7,584|ll3,783,150
141.812.769 93,044,351
16,046,677
the excellent yield of corn raised last
season, our exports of that cereal
*
.
live stock.
exports, the features are
to Feb. 28.
£xcesaof
Exports.
Not Including
As
Jon. 1
yebruary.
9,101,994
696,127
3,082,071
2,732,592
1,240,071
3.290,311
2,225,882
1,01)6,000
Provisions and
Dairy Exports.
can explain this anomaly on any other theory than that so New Orleans
Baltimore
often referred to in these columns, and to which we briefly Boston, &«
allude in our
10,691,706
to
Feb. 29.
4.214,210
388.509
1.033,658
1,181.765
633,606
1,760,949
871,265
847,932
Total.
Jan. 1
February.
4.952,952
2,183,378
2,559,217
6,927,094
2,532,026
2,878,117!
.
to
Feb. 28.
4,243,777
409,117
2,321,219
930,170
1.403,182
. . .
San Francisco..
Other ports
1884.
Jan. 1
February.
and whereas a year ago in February we shipped only 3
million bushels, this year we shipped nearly 1^ million
For the two months, the aggregate
bushels.
is
14 millions
but 5^ millions in 1884. Prices of course were
lower, but the gain in values is about 100 per cent never-
against
theless,
being $1,800,000 for January, and $3,700,000 for
There is no doubt that
January and February combined.
movement
the corn
come.
As
will continue free for
regards wheat, the trouble
is
some time to
not so
much
in
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
"We shipped 5,669,722 bushels in 1885;
for the same.
42 millions in amount, or 12^ millions less than in the
that is, about 43
against only 3,977,833 bushels in 1884
preceding year. The total is the smallest since 1879. The
export values
examine
the
more.
Yet
when
we
cent
per
falling off in the trade balance from 38 millions in Decemof these shipments, we find that the total has increased
ber to 12 millions in January, notwithstanding import
about 11 per cent— from ^4,257, 188 to $4,724,188.
people.
for
—
—
only
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
of the year.
'
In
The item
fall off at this
season
of cotton particularly counts for
the present year,
however,
less.
amounts.
Full details of the breadstuffs
are as
below.
DETAILS OF BREADSTtTFFg EXPORTS.
the decline has been
more decided than usual, both in cotton and other items.
Of cotton, the crop has been so short that we have little
send out, and as to other articles the wintry weather
that prevailed was no doubt a drawback to a full move-
movement
Value.
Quantity.
February.
1885.
1884.
1885.
1884.
left to
ment.
As
against breadstuffs and provisions exports of
$29,824,449 in January,
we had
only $20,455,102 in Feb-
Barley
Ijush.
bush.
Corn
bbls.
Corn-meal
hush.
Oats
Oat-meal ...pounds.
Kye
bush.
bush.
and against 548,818 bales of cotton shipped in the Wheat
bbls.
Wheat-flour
former month, we shipped only 286,490 bales in the latter
month.
for
Total
ruary,
—that
is this
. . .
is,
movement
the cotton
fell off
cotton movement, too, that has
about one-half.
made
It
the February
much smaller than they were in FebIn the breadstuffs shipments for this
exports this year so
^'rnary a year ago.
month
^
there was an increase over 1884 of 3 million dollars
and in the provisions shipments an increase of half a million,
and yet the
total
merchandise exports have declined from
In some measure the extra
61:J millions to 54 millions.
Jan. I
Barley
to
•26,806
7,243,046
11,501
306,689
3,214,523
90,914
5,669,722
835,734
39,362
3,096,644
18,314
21,137
1,729,544
456.917
3,977,833
624,380
12,385
3,748,292
36.142
121.895
112,036
56,732
4,724,188
4,222,844
21,264
1,959,349
13,033.514
10,084,022
22,058
7,251,686
92,214
192,498
218,634
172,868
13,417,709
9,544,706
81,713
3,574,769
111,309
21,645
182,665
477,645
61,588
10,525
51,424
318,888
4,257,188
3,403,798
Feb. 28.
bush.
bush.
Com
Corn-meal
Oats
Oat-meal
- . .
bbls.
113,683
5,648.200
33,569
bush.
.^00,557
43,792'
pounds.
7,395,537
257,520
16,071.912
2,018,655
6,079,582
676,510
9,018.722
1,474.046
bush.
bush.
Rye
Wheat
Wheat-flour
46.761
14,159,399
28,963
. . .
bbls.
30.912,373
Total for year
With regard
as noted,
9,6.i0.211
8,269,091
22,369.048
to the provisions exports, there has been,
some improvement, but
it is
by no means common
.
March
11
THE CHRONICLE.
28, 1R80.J
to the whole
Hams,
of items.
list
show a have pasaed oflT
for inatanoo,
on tho other hand, lard and bacon show
large
Tho following are the figures.
a marked' increase.
DRTAIL* or PBOVIMION8 AND DAIHY KXl-ORTg.
fulling off;
QHantUy.
febriiary.
Talite.
1885.
Lite SliKk—
1,533
8,43S!
772;
8.364,625
3,377,770
3,010,125
9,093,248
3,159,017
4,250,173
31,306,922
4,039,110
23,-'587,971
5,191,298
22,564,540
3,683,710
11,573,993
No.
ruttlc
Illlt'S
Jiet'f I'nxtitcts
lO.Olit
—
HVi-f, i-MiiiH'd..
ii(«r,riirtii.U)».
liO(>f,.-iiltiil,Ac
TbUow
1884.
.? .„
995,921
17,672
862,178
12,658
313,713
812,574
273,761
235,514
308,008
024,977
268,373
339,634
2,615,535
494,499
2,285,060
808,652
Pork Vnttucla—
Haooii
Hams
Pork,
6,446,602
rresta.
Halted, &6..
Ijird
Dairy I'rod'ctt—
306,363
319,931
1,835,601
1,134,707
178,515
265,513
172.120
332,139
7,421,588
6,954,800
2,1 11, .572
85,015
2,13S,558
66,218
515,^97
2,185,988
1,989.416
545,029
604,448
565,936
765,007
1
1,188,331
2,753,000
Bultor
OUeene
936.936
3.096386
Total*
Sinet Jan. 1.
Lire SloekCaltlc
No.
21.226
7,673
21,175
3,825
22,411,793
6,746,855
9,150,794
19,738.599
0.935,731
9,626,894
91,344,169
11,339,308
61,315,783
12,117,801
7,825,042
1,200,856
6,071,092
1,528,328
16,196,628
54,690,920
9,512.489
24,969,727
1,126.931
4,331,577
801.573
2,402,861
2,442,311
6,538,739
1.913,301
8.208,085
397,067
624,601
343,026
935,950
19,387,138
16,046,677
Hops
Stef I'rodiictg—
Becf.camu'il..
Bppf.fifoh.lba.
Becf.salttU.&c
Tallow
Tork Pi-oituctt—
Bacon
Pork,
ealteil, ttc...
Butter
Cheese
Total*
•
640,423
f r«ab.
lard
Dairy Prod'cts—
Not Includlnj5
so easily as
it
did, considerinK the wriotu daoUiw
No doubt
in quotations during the fortnight.
the stabillt/ of
some firms was rather rudely shaken; indeed, ramors ot acute
troubles In the Grand Tnmk market were freely circtUated;
but happily they developed into nothing tangible. No actual
But the fact that since the carrying over
day, quotations have again been heavily depreciated Is not tost
failures occurred.
|
1884.
188S.
383
live stock.
inasmuch as it means that unless the character of the
stock markets changes widely from what it was during the
past fortnight, additional largo payments will have to bo made.
sight of,
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 veryheavy fall since the beginning of the year. The chances of a
good spring trade here are very small. In all the leading hranchea
of industry there is' a want of confidence and an absence of
The volume of business remains small and
animation.
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 bo the strong position of tho 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 collections, and in consequence quotations have been steadier.
The cliarge for short loans has risen to 4 per cent. The Bank
of England return was again very strong. The reserve increased £908,000, or to £17,408,000, and the proportion to lis
bilities is rather more than 47 per cent.
Probably the directors were influenced mainly by political reasons in keeping the
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 distributed.
The following are the present
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
lEZOHANQE AT LOSDON-Uch.\Z. SXOHANaS ON LONDON.
On-
Latest
RaU.
Time.
Time.
Bate.
Mar. 13 abort.
Mar. 13
....
Mar. 13 Short,
Mar. 13 3 mos
20-69 320-74
Mar. 13
12-56>4a>12-48% Mar. 13 Short.
•*
25-58\a25-C3i^ Mar. 13
'<
25-36'4©23-41i4 ;.Mar. 13
25-50>4®25-61i4;lMar. 13 Checks
24 •....
Mar. 13 3 moa.
*•
,
25-77 J«»25-82i» Mar. 13
25-77iia25-82is Mar. 13
....
465„'i»467,8
Mar. 13
465,«®467,8
Mar. 13 3 mos.
51%®5178
Mar. 13
Mar. 13
Mar. 13
Mar. 13 50 days
Is. 67ed.
Mar. 13 x>\. tsfs
'•
Is. 6'ed.
Mar. 13
Mar. 13 4 mos.
••
Mar. 13
1210
DaU.
Ameterdam. Short. 12\\ »12-2%
Amsterdam. 3 mos. 124
1^\Ti^9
••
20-69 »20-74
HamburK..
••
Berlin
20 69 O20 74
-
Frankfort...
tt
Vienna
*i
Antwerp
Paris
Oh. cks
Paris
3 mos.
••
St. Petersb'K
Genoa
*t
Naples
Madrid
i(
«*
••
Cadiz
"
Usbon
Alexandria
Constant'plc
New York... 60 days
Bombaj-
dem'ud
••
Calcutta
Hon»t Kong.
....
Bbanghai
From our own oorresponaent.
I
.
25-50
47-40
Is. 613,6d.
Is. 62732d.
38. 6s,d.
4s.
lOM.
which
is
now
14, 1885.
just completed threatened at times to be
exercising so depressing an influence
upon trade
A weak frontier in Asia would be a source of weak-
ness to us indeed,
and would always be a cause
for commercial
uneasiness.
week
for congratulation
is
is
not at
all surprising.
that the Stock
What
Trade BUU.
|
Foxtr
Four
Three
Six
Month) Month! Months Monttu Months
Feb. 8
" 19
" 80 *
is
a matter
Exchange account should
aU»W9d
"
87
Mar. 6
"
13
DitetWse
Joint
At 7 to 14
Stock
Banks. CaU. Daw-
Ste
Mmlht
SHnom 3^aom 3Jia3J^ 3X nom
3^% - 8X9 - 8H93Si'3K® - 3J<S4
3)i® - 3Js®3« 3HmH 3H» - 3Ha3« 3H(3t
3«3 - 3J4® 3«a3«
3 7-18
8K® - 3«® - SWaSM 3H» - 3>«34
SHaSK 3«9 - 3«@ - 3«93ji s^-aaH 3«®3H
3
3
3
3
8
'
3H-9H
8H-an
SH-an
3
8
8
8
8
3
3
3J4-3J4
SH-SM
3X-8M
The 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:
day and other
PubUo deposits
23,496,510
11.811,950
Other deposits
25.012,205
Govemm't securities. 14.651.801
Other seciuities
23.273.932
Etes'veofnotes&ooin 17,407,882
Coin and bullion
both departments.. 25,154,392
m
24.274,015 24.560,155
9,874.288
12,060,834
22,551,600 22,824,440
12.453,063 13.337,111
25.514,557 23.062,337
15,709,157 13,869,016
24.591,495
9.705.537
23.730.072
13.206.309
24,491.677
14,330,213
23,633,172 22,688,201
23.171,738
42i8
3 p.o.
t02>4d.
loom.
42s. 6d.
4 Is. 9d.
4701
to liabilities
Bank rate
4
The Bank
rate of discount
chief Continental cities
43'a
3
p. n.
Consols
97'4d.
Eng. wheat, av. price
31s. 8d.
Mid. Upland cotton..
5ni«d.
No. 40miUetwist....
9>4d.
OlearlnK-Houseret'n. 99,272,000
A
£
«
bills.
1882.
1883.
1831.
£
p. c.
lOl^sd.
378. 7d.
5d.
gsgd.
5%d.
9\d.
96,640,000 107,871,000
and open market
now and
4238
4
p. c.
6lli«<l.
10\d.
96,307,000
rates at the
for the previous three
weeks
have been as follows:
March
Bateeof
Inttrutat
12.
Bank
Open
Rate.
Market
March
S.
February
26.
Bank Op«n Bank Op«n
BaU^ Marlut Bote. Market
Febnarii 10.
Bank
Open
Bate.
Market,
~~»
Paris
Berlin
8
5
3
3
3
4
4
FranMort
B
Hamburg
Amsterdam
5
4
3
3
3
8
4M
Madrid
\-|enaa
St.
s«
e
6
4
a
4
4
4
4
Peteraban;..
Copentauen
Messrs. Pixley
3
an
4
4
4
t%
iH
4H
8
81*
4
8
4
•
4
a
4)4
4
2M
SN
3M
4
\
SM
4M
S4
8
4M
e
4
6
4
4
& Abell report as follows on the
market
Gold— A Continental
bullion
4M
SK
•
4
state of the
:
order has absorbed part of the arrivals, but the
of which £130,000 came from Berlin,
consequence of the Bank of Engtand raisin* iw
buying price by J4<I. per ounce to 768. 3i«d. per ouuoe; the "^P"';
IM
ralsliK""i^
ever, wat stopped by tho action of the Hank of Germany in
bcou laaea
rate of discount to 5 per eenti £10,000 lu aoverelgna have
for transmission to South America.
Bank has received £126.000.
That business operations should have been on a contracted
scale during the
Bank Bdto.
Three
Proport'n of reserve
pregnant with most important political results. Our relations
with Russia, already sufficiently complicated, promised to
become more so. War seemed all but unavoidable. At length,
however, we have been favored with a slight gleam of hope
that the dispute may ultimately be amicably arranged. The
announcement by Mr, Gladstone in the House of Commons
last evening that a provisional agreement has been arrived at
between this country and Russia whereby no further movement is to be made by either side pending a continuance of
negotiations, suggests that there is a prospect of a modus
Vivendi being discovered. It is, however, fervently to be
desired that our Government are not about to abandon their
attitude of firmness they assumed so unexpectedly.
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
generally.
Interett
fordejmeitetni
1885.
110-00
4-83 >4
money.
Open marlut rata.
Clrcnlatlon excluding
I
London. March
The -week we have
20-55
20-31
20-53
12-45
25-41
25-37J3
prices for
German
(,'nld
coin, in
m
.
THE CHRONICLK
384
Silver— Bars liave been very stearty at 49a. per ounce duriug tlie week,
at tliis rate nearlj' the -wliole of tlie arrivals raeutionea below liave
been sold. We have received Binee our last JE70.000 from Chile and
«34,000 from New York— £104,000. The P. & O. steamers have taken
«120,000 to India.
Mexican Dollars— But few transactioas have taken place smce ouj
last, and until the arrival of the French steamer at St, Nazalre with
«110,000 we are unable to give a auotation. The " Thames " has taken
«63,260 to China aud the Straits.
and
The quotations
for bullion are reported as follows:
Har.
Price of OoU.
Bar
Bar
gold, floe., oz.
gold, contain'K.
SOdwts.
silver. oz.
5.
77
Mar.
12.
a.
77 10«
77
9
1884-5.
Importsof wheat. owt.2D,403,802
Imports of flour
8,491,895
77 lOM
49^
ingSgrs. gold..oz.
oz.
Cake silver
Mexican dols. ..oz.
of the proprietors of the
Bank
1
of
1881-2.
32 206 073
4,381,609
produce
25,506,573
24,339,234
22,932,200
21,325,080
59.302,270
A-V'ge price of English
62,174,121
66,082,600
57,915,742
wlieat for season.qrs.
32s. 5d.
Visible supply of wheat
in the U. 8
hush. 43,600,000
upply of wheat and
tfour afloat to U. K.
31,500,000
22,000,000
18,027,000
1,993,000
2,720,000
3,148,000
Total
398.
3,070,000
5d.
41s.
Id.
46s. 9d.
In the following statement is shown the extent of the sales
of home-grown wheat, barley and oats in the principal mar49?^
kets of England and Wales during the first twenty-seven weeks
47 n-ia of the season, together with the average prices reached, compared with last season:
England the
was shown to be £710,857. A dividend of 6
the half-year was declared, reducing the " rest"
Barley
Oats
to £3,015,273.
Subscriptions are invited by Messrs. Baring Brothers & Co.
for $5,000,000 six per cent sinking fund bonds of the AtchiBon Topeka
Santa Fe Railroad Company, at the price of 107
Wheat
perqr.
Barley
Oats
half-year's proiit
&
per cent. The prospectus states that 6 per cent dividends
were paid in 1888 and 1884 on the capital stock, and that there
is an accrued surplus of $6,800,000.
Messrs. Speyer Brothers are authorized to receive subscriptions for $10,000,000 five per cent bonds of the Baltimore &
Ohio Railroad, at the price of 105)^ per cent, redeemable in
Wheat
qrs.
Rome 4
BALES.
1883-4.
1,696,853
1832-3.
1881-2.
1,323,011
1,230,392
2,749,265
1,699,146
1,434,552
227,919
168,375
167,226
AVERAGE PRICES.
1884-5.
1883-4.
1882-3.
18S1-2.
d.
s.
d.
s.
d.
».
d.
g.
32 5
39 5
41 1
46 9
31 5
32 9
34
33 5
19 8
19 8
20 11
20 10
Converting quarters of wheat into owts., the total siles in
the whole kingdom during the above periods were as follows:
1884-5.
owt. 25.506,573
Wheat
1883-4.
24,339,231
1S82-3.
1881-2.
22,932,200
21,325,060
The following shows the quantities of wheat, flour and Indian corn on passage to the United Kingdom,
Al present.
Wheat
qrs.
Flour
Indian corn
1925.
A City
1882-3.
34,168,387
8,982,013
home-grown
Bales of
1884-5.
1.778,238
2,758,357
192,240
per cent for
1883-4.
29,725,932
8,108.958
49
49
Bar illver. ane..oz.
Bar 8ilver,contalQ-
available for consumption in twenty-
flour
seven weeks, stocks Sept. 1 not being included:
grs
e
Span, doubloons. oz.
8.Am.doubloons.oz.
At a meeting
Mar.
Price oS Sliver.
d.
s.
wheat and
Supplies of
XL,
[Vol.
Last week.
2,556,000
259.000
280,000
2,838,000
232,000
283,000
Last year.
1,665,000
328,000
173,000
1883.
2,263.000
235,000
367.000
per cent loan, guaranteed by the Italian
announced by Messrs. O. J. Hambro & Sons.
Englisli JHarket Reports— Per Cable.
The daily closing quotations for securities, &c., at London,
The amount is £800,000, and the issue price 933^ per cent.
The Bank of England wiU receive on Tuesday tenders for and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending March 27
£1,000,000 3)^ per cent delientures for 20 years, on account of
the City of London Commissioners of Sewers.
London.
Mon.
Ittei.
Wed. Thurt.
JPW.
8ai.
No particular change has taken place in the character of the
49i8
Silver, per oz
49
49
49
d. 493,6
491,6
grain trade during the week. The political prospect is almost Consols formoney
96''8
961518
971316 9711,0 973,6
983i8
98^4
97
9715,6 9711ig 973|«
96%
as cloudy as ever, and the danger of a war between this Consols for account
81-6213 81-70
81-3213 81-10 79-72I3
Fr'oh rentes (in Paris) fr 81-80
114% 114^ |114% 114% 114% 114-8
country and Russia has certainly not disappeared. Still the CJ. 8. 4ias of 1891
12433
12438
12438
12436 112438
V. 8. 48 of 1907
1243a
only effect thus far upon the wheat trade has been to cause Canadian Pacittc
38-8
39ifl
3918
38%
38%
391s
7238
x70
Chic.
Mil.
7138
72
7234
72
&
St.
Paul....
samples to be held with greater firmness. An actual advance
1338
135«
Erie, common stock
13%
13%
133e
131a
in values has certainly not been general. Buyers have not Illinois Central
12938
12938
12912
12913
129H 12933
of
Government,
is
:
1
1
1
Bhown
their belief in the impossibility of a settlement of the
by allowing their purcliases to go beyond actual
dispute
requirements.
Transactions have
still
retained their hand-to-
mouth character, but on the other hand sellers have not been disposed 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 outbreak of hostilities will galvanize the trade with anything like
;
54^8
Philadelphia A Reading
Vew York Central
Liverpool.
Flour (ex. State). 100 lb.
Wh6at,No.2,9pr'g "
Winter, West., n "
"
Cal., No. 1
"
Cal., No. 2
"
mix.,
old...
Com,
"
Jorn, mix., new..
Pork, West. mess. . V bbl
Bacon, long clear
Beef, pr. mess, new.JI to
Lard, prime West. $ owt
Oheese.Am. choice
The Agricultural Department of India has issued the^followNational Banks.
ing memorandum, dated January 31, respecting the prospects
been organized:
of the Bombay wheat crop
:
" Complete wheat returns have not been received. Dharwar 399
809
acres; seedling.^ germinated, crops middling. Ahmedabad, 274 013
acres; crop withering i» parts; crop damaired by cloudy weather
Nasik, 260,860 acres crop on the whole good, in gardens crop likely
to
be blighted owing to December rain. Ahmednagar, 219,518 acrescrop In places good, in others middling and poor owing to cloudy weather
and excessive rain. Kaladgi, 161,571 acres; crop in most places
withered, no out-turn expected. Broach, 119.238 acres; crop very
promising. Belgaum, 107,911 acres; crop on the whole fair; iu some
mrts
islnjured by heavy rain and haiistorms, in others withering. Poenait
99,245 .acres crop generally doing well iu parts it is affected by rust
Bholapur, 4I,,253 acres; crop fair. Surat, 38,576 acres; crop
good
Kaira, ,36,341 acres; crop good. Kolhapur. 37,108 acres; crop middliu"'
In Bcinde crop progressmg well, .and in places shows prospects of a
"ood
season Ger-,erally speaking, the wheat crop is good
the Guzerat districts, 111 the Deocau and Carnatio districts, except Kalagdi.
The urosof
the
crop
have
improved
Sects
since the last report,
owing
".ug to
lu the
»mo
,
;
;
;
m
ovember and December rains."
The following return shows the extent of the imports of
cereal produce Into the United Kingdom during the
first
twenty-seven weeks of the season, the sales and average prices
home-grown produce for the same
compared with last season:
of
611
7
1
7
1
6
5
8
8>a
6i2
4
55
31
85
35
57
5
4
55
31
85
35
9
6
$.
10
7
6 10
7 3
6 9
10
6
58
d.
1.
7
1
6
9
5
6'
31
85
36
58
6
4
54
31
85
36
53
55 14
93
93i«
1.
719
Fri.
d.
1.
7
3
6
9
5
4
81a
61a
51
31
85
35
58
6
6
d.
10
7 1
6 10
7 3
10
7 1
6 10
6%
6
551a
713
Thiirs.
7 2
6 10
5 81s
SH)
4
51
d.
10
7 1
6 10
10
7
6 10
81a
61a
6
Wed.
Tues.
d.
«.
611
4
4
8I3
71a
51
31
6
35
36
58
period,
and other items,
,^
Wheat
Barley
Oats
Peas
Beans
com
1984-5.
owt. 25,403,802
9,560,913
5,557,431
1.064,793
1,950,828
11,795,552
8,491,895
1883-4.
29,725,932
10,240,927
6,502,428
984,467
1,391,058
1882-3.
1881-2.
34,168,387 32,206,073
10,050,599
7,717,933
7,584,047
4,658,305
1,176,846
965,227
1,324,140
949,485
14,4.55,700
8,194,241 11,719,361
8,108,953
8,982,013
4,884,609
—The following national banks have lately
3,321— The First National Bank of Tresno, California.
000.
J.
H. Braly, President
;
Capital, $100, -
L. A. Blasiug.ame, Casliier.
3,322— The National Bank of Paris. Missouri. Capital, $100,000.
David H. Moss, President; John 8. C>nyer8, Cashier. Succeeds the First National
Bank
of Paris. Missouri.
3,323— The First National Bank
of Earlville. Illinois. Capital. $50,000.
William K. Haight, President; Charles Hoss, Cashier.
3,324—The First National Bank of Coffey ville, Kansas. Capital, $50,000,
Thomas G. Ayres, President; Thomas Sourr. Jr., Cashier.
IMPORTS AND Exports for the Week. The imports of last
week, compared -with those of the preceding week, show
an increase in dry goods and a decrease in general merchandise.
The total imports were $7,743,652, against $S,6.56,814 the preceding week and $8,091,452 two weeks previous. The exports
for the week ended March 24 amounted to $5,907,268, against
The
$6,470,766 last week and $6,586,972 two weeks previous.
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:
FOBBiail IBIPOBTg AT NEW TOSK.
—
For Week.
Dry goods
Indian
Mon.
d.
7'-e
93
92'8
1
©onxmcvctal mid Itxtscellaiiijcrtts ^eurs
life.
Kour
91%
Sat.
8.
8
i
91i«
5513
55 12
54'8
8I2
8^
1
1882.
1
1883.
1884.
1885.
$2,335,603
5,403,049
$2,418,625
5,359,127
12,682,849
6,904,543
$2, .-192,876
$7,777,752
$9,587,392
$12,583,543
«7,743,652
$37,075,638
77,632,319
$36,629,118
73,271,226
$34,211,059
72,252.224
$27,677,121
61,152,833
Total 12 weeks. $114.707.9i7 $109,903,344 l!10!i.4fi3,292
$87,829,954
Gsn'Imer'diae..
Total
Since Jan.
9,990,667
1.
Jry goode
aen'lmer'dlse..
.
—
.
March
THE (JHRONICLR
28, 1888.]
In our report of tho dry goods trade will be found the inv.
ports of dry goods for one week later.
Tho following is a stiiteiiu'iit of the exports (exclusive of
specie) from the jxirt of New York to foreign portH for the
week ending SInrch 34, 1885, and from January 1 to date:
xroKm
FBOM Raw roKK roB trr whbk.
1882
«fl,Sl7..l?,"i
Prev. reported..
70,iU,2SO
Totkl 12 weeks.
1884.
IB83.
For the week...
1889.
$7,340,022
-8,725.385
«S,202,39n
64,098,938
72,CU2,8(JJ
t7l),06l."05' $80,074,607
t70,200,934
S78.eOO.I32
The following
Ss.no'.'jiiJ
shows the exports and imports of specie
at the iX)rtof New York for the weekending March 21. and
since January 1, 1885, and for the corresponding periods in
1884 and 1883:
table
HBW
SXPOBTI iLMD IVPOBTS OV IPBOIB AT
TOBK.
t8&
Green Bay Winona ft St. Panl.-Judge Dyer, of th*
United States Circuit Court at Milwaukee, has enterad so
order coiitlrining the act of the Farmers' Loen &, Trust Company In taking possession of this railroad. Tho Trust Company, which is trustee for the first mortgage l)ondhol.lers, is
vested with the powers and duties of a receiver, and the
nrcperty is in the hands of its representative, Oavin CampbeU.
Mr.Camplwll was until recently in the employ of the Wisconsin
Central road, and advices from Milwaukee state that theOreea
Bay road will become part of the Wisconsin Central system.
Union Pacific— Tlie annual meeting of the Union Pacific
Railroad Hliureholders was held in Boston, March 25. Mr.
Adams, in oi>eiiing tho meeting, stated that the voluminous
character of the full annual report prevented it from being
put into print, and it would be ready in aliout a fortnight.
The following board of diA ctors was elected without opposition
Charles Francis Adtims, Jr., Frederick L. Ames, EUsha
Atkins, Ezra 11. 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
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.
:
Xxporlt.
Importt.
aotd.
;
Witk.
SineeJan.l.
9...
$8,500
9,562
Wuk.
SineeJan.1.
;
Oreat Britain
Frauce
GenimiiT
West Indies
Mexico
147,800
3,456,332
7,5o6
129,875
42.878
Bonth America
All other ooiui tries.
Total 1885.
Total 1884.
Total 1883.
$l.iri.300
$
:
9a',.^00
1.412.991
183,350
18,325
2,906,r>5:)
21,550
90,8:iO
188,911
12,093
2,971
I3,'i47.l4
*3 19,725
1,326,275
1,000
10,871,003
90,250
10.062
1,379,245
$140,000
92,939,608
106,583
56,974
78,220
Silver.
Oreat Britain
France
Qennan,'
Weet Inilles
Mexico
Bonth America
166,937
4,235
171,189
J308.937
196,400
377.570
$3,356,809
3,782,918
3,336,661
All other oonntrles .
Total 1885.
Total 1884.
Total 1883.
7«
4,82S
13,728
5,959
122.22!)
$24,515
144,842
121,958
$242,028
1,151,219
1,256,604
67,697
48.118
3,908
Of the above imports for the week in 1885, $13,707 were
American gold coin and |4,7o5 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 weeklv returns,
we give
the following figures for the full months, also issued
House. The first statement covers
the total imports of merchandise.
by our
New York Custom
IMPORTS ISTO
NEW TORK.
1883.
Merchant
Ooodg.
Qooda.
Alee.
t
Jannarr
FebroarT
diae.
t
$
t
88.437,008
10.t08,800
I7,ft»8,208
10.214,4981
18.830,82.! ( 28.845,3401
21.088,298
88,279,030) 57,802.3«8lj 24,990,714
..
EXPORTS
FR0.1I
General
Merchari'
Dry
;
13,598,890
26.808.814
11,897,821
28,175.206
NEW YORK.
39,897,701
39,573.030
79,570,731
CC8TOMS RECEIPTS.
At New York.
Total Merelmniitt.
Months,
1883.
1884.
1885.
18S4.
«
Jannary
February
S2,718,15J
26,792,783
January
23.713,450
23,536,880
February.,
.
Total..
Clark. Mr. Cook is a New York capitaliet 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 2,044
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 cai'ry the original mortgage debt. The auxiliary
svstem 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,
There had been a heavy falling ofif during the year
$8,878,000.
in the earnings of the main line, wliile 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
closed for many weeks.
During the last three years the net
earnings had been as follows: In 1883, none (there being nearly
a deficit); 1883, $856,000; 188J, $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 completed 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 Government transportation on U. Pac. division, $765,559; for Government transportation on the non-aided lines operated by the U.
Pac. for which compensation has been withheld, $314,138;
cash 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 refusal of Mr. Armstrong, the Commissioner of Railroads, to allow
the claim made by President Adams of the Union Pacific
Railroad Company for an allowanee of $800,000 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
—
TS84.
General
Dry
JltnUlu.
10,290,908
11,762.020
10,456.958
12,064,811
20.756.868
U.S. Sub-Tre.vsury.— The following table shows the receipt
and payments at tlie Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week
:
by Mr. Adams been allowed, the Government would have been
indebted to the road on the final settlement $56,000.
The Treasurer of the State of Georgia, in Atlanta, will
—
receive proposals
Salatieea.
DaU.
Mar. 21
•'
"
••
"
••
23.
24.
25.
26.
27.
Total.
Rteelpt*.
970,429
1.421,920
1.012.825
688,981
1,201.999
892,000
Paytnents.
Coin.
Currency.
$
54
02
42
64
28
05
6.138.138 95
1,709,762 19 144,870,372 44
1.004.349 96 145.217.748 72
827.088 00 145.396,321 99
837.800 46 145.301.600 32
840,133 39 145.5^3,220 17
1,191,679 01 143,100,513 56
;
;
24,529.,067 49
24.539 262 27
2), 540 42.^ 81
24, J 89 251 07
24,626 5.01 71
24,689. 567 30
6,470,812 61
Central Pacific.— This company has issued a ten-milliondollar convertible bond, bearing
per cent interest, for the purpose of retiring the greater part of the company's floating
debt, paying for some necessary improvements upon the rolling stock, and providing for the completion of the Oregon
division.
Mr, C, P. Huntington said that the company had
expended nearly $10,000,000 during the past five years on constmction and betterments. The introduction of the Westinghoufe air brake on the whole Central Pacific system had alone
cost nearly $1,000,000. The new bonds are dated
Jan. 1, 188.-),
and liave thirty years to run. About $5,000,000 of the bonds
have been tekon by Mr. Huntington, Mr. Stanford, and other
who have advanced money to the Central Pacific
capitalists,
Company.
Connotton Valley.— An order of sale for the Connotton
Valley Railway has been made. The road is appraised at
1948,000, and will be sold in about a month.
till
April
15, for $3,455,000 of
5 jjer 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 $1,939,865. The
State is sole owner offthe Western
Atlantic Railroad, which
is leased for $300,000 per year.
The advertisement will be
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,
running till 1900. These bonds are only issued to pay off other
bonds maturing, and thus the opportunity is offered of obtaining such choice bonds in round lots. In so bad a year as 1884
these bonds sold up to 130. The advertisement is on anotlier page.
&
&
&
—
The coupons maturing April 1, on the second mortgage
bonds of the St. Paul Minneapolis & Manitoba Railway, will
be paid at the office of the company, 63 William Street.
Auction Sales.—The following, seldom or never sold at the
Stock Exchange, were sold at auction this week by Messrs.
Adrian H. Muller & Son.
Slutres.
Share.
24 S.T. Bowery Ins. Co
40 Hiivward Ruliber Co. of
141
30
Colchester, Con u
90 Equitable Gas-LlKbt Ckk
Boiul.
of Xew York
107^
*
Bloom't'D
33 AiliroiKlttek Pulp Co
25
$3,000 Lafayette
UuDCieKR. Co., iBtOe.. 87
25 City Fire lua, Co
118
.
THE CHRONICLE.
386
Jhe
reoontly been announced
Name of Company.
When
PayabU.
Railroads.
&St.PauI, com
Chic. Mil. & St. Paul, pref
Chic. R. I. & Pacific (quar )
Del. Lack. & West, (quar.)
St.
Per
cent.
& Man.
Bank.
Paul Minn.
1%
2
(quar.)...
5
Oallatin National
:
@
;
;
Baolct Closed.
(Days
inelusire.)
April 27 April 7 to April
April 27 April 7 to April
1 March 29 to April
May
April 20 April 3 to April
1 April 19 to May
May
:
28
28
2G
20
1
10 March 26 to April 9
April
March
P.
2r,
break out between these two great Powers, when neither would
seem to have the certainty of gaining much, and both would
lose heavily in men and money
Mercantile affairs drag slowly along under the retarding
influence of the wintry weather in March, which has jmt a
by the ravages of war.
be sure to
check on early spring trade
though
;
it
continues to be a favor-
able sign, that there are comparatively few large failures.
Exchange there have been
large fluctuations in
which have
several stocks, in consequence of important events
among these was the reduction of the St.
Paul dividend on the common stock to IJ per cent, accomCliief
panied by the announcement that there was a floating debt of
$3,500,000 to be paid off; the policy of passing the dividend
may have been a good one, but many holders of stock had not
expected
it,
regard to the
and were disappointed.
New
The complications
in
Jersey Central lease are apparently approach-
failure to meet the payments due on April 1
would probably lead to the breaking of the lease thus would
terminate one more of Mr. Gowen's famous negotiations.
In railroad earnings the Union and Central Pacific have
recently been conspicuous for their good showing, and now the
Union Pacific annual report for 1884, issued this week, is one
of the best reports that has been seen for some time, and
reflects much credit on Mr. Adams' management.
Rates for call loans during the week on stock and bond
collaterals have ranged at i@3 per cent and to-day at
l@li per cent. Prime commercial paper is quoted at 4@5 per
ing a climax, and a
;
cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £128,395, and the percentage of reserve to
Kabilities was 48, against 49 last week; the discount rate
remains at SJ percent. The Bank of France gained 2,953,000
francs in gold and 6,772,000 francs in silver.
The New York Clearing House banks,
March 21, showed an increase in surplus
in their statement of
reserve of $830,800,
the total surplus being |47,923,350, against |47,092,550 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks.
188.1.
March
21.
Differ'ncesfr'm
Previous Week.
1884.
March
22.
1883.
March
21.
liOanaanddis. $301,371,400 Decs !2,450,400 $347,605, 700 $312,,879,1(10
Specie
104,626.200 [DC.
910,500
67.423, 300
47,,997,40()
Circnlation .
10.977.«00 fnc
46,500
14,270, 60(1
16,,356,200
NetdcpositR.. 354,2:14.200 Dec. l,37t*,0')0 319,700, 700 281,,911,500
Legal tenders.
31,870,70u Dec.
423,700
28,591, 000
17,,025,400
liBgal reserve $88,573,5.50 Dec. $344,000 $87,425, 175 $70,,477,875
Beserve held. 136,196,900 luc.
436,800
96,014, 300
65, 022,800
.
Surplus
Demand.
4 95
4 821s
487I3
4S214
5 2318
401a
94>9
Paris (francs)
(guilders)
Amsterdam
$47,923,350
.
$330,800
$8,530,125 df,$5,455,075
Exchange.— Sterling exahange, although not specially active,
has been very firm in tone, aue principally to a continued scarcity of commercial bills, and the posted rates were twice
—
—
aavanced j cent each time making an advance of 1 cent for
the week.
To-day the rates on actual business were as follows, viz.
Bankers' CO days' steriing, 4 84@4 84^; demand, 4
86i@4 87.
Cables, 4 87@4 87i. Commercial bills were 4
82J@4 83. Continental bills were
Francs, 5 23i@5 23} and 5 21i@5 21 J;
reichmarks, 94 5-16@94 7-10 and 94J@95; guilders, 40and40i.
:
4038
95
—
prices ruling about steady.
The
closing prices at the N. Y. Board have been as follows
Interest
Periods.
March March March
21.
23.
21.
112 •1113) •112
coup. Q.-Mar. •iiiai:*ui% •111%' 11218 112 i'll2
'12116,
•12114.
'I2II4
•12114*12138
*i21is
..reg.lQ.-Jan.
49,1907
48,1907
coup. iCj. -Jan. n22i8 122»4 I2214 122 14 •I22I4' 12238
•101
'101
*101
•101
...reg.lQ.-Feb.
•lOlM
39, option U. 8.
14
I4I IOII3
.reg.'
& i. *124 •124 •125 '125 •125 l»125
6s, cur'cy, '95.
127
•127
'127
'127
•127
*127
'96.
6j,our'cy,
..reg. J. A J.
'129
•129 •129
129 hl29
6i, our'py, '97. ..reg. J. * J. •129
'131
*131
•131
•131
133
'98.
kl33
6s,our'oy,
..reg. J. & J.
134 K134
•133 •133
'133
6s,our'ey, '99. .reg. J. & J *133
reg. Q.-Mar. •11134*1115, *llli>4
4'«B,1891
4>«8,1891....
*
This
la
the price bid at the morning board: no sale was made.
—
State and Railroad Bonds. In State bonds the transactions have been very limited, including only $3,000 North Carolina consol. 4s at 87-80; $3,500 Tennessee compromise bonds at
54i; $2,000 do. 6s old at 48t, and $1,000 Missouri 6s, 1888, at
106.
The market for railroad bonds has been only moderately
active the past week, with the tone generally irregular, though
the majority of changes have been in a downward direction.
New York Chicago St. Louis Ists have again been a feature,
declining to 74, iSut since re-acting and close at 77f, against
West Shore Ists have also been very weak,
77 last Friday.
declining to 31 J on a large business and closing at 33, against 34
last week; Erie 2ds close at 56, against 55 J; New Jersey Central consol. assented, coupon off, at 94f, against 97; do. adjustment bonds at 103, against 108; do. debenture 6s at 55,
Ohio series B at 73f against 76 St.
against 70 Chesapeake
Northern, Omaha Division, at 83, against
Louis Kansas City
96; Metropolitan' Elevated Ists at 108, against 109^; Atlantic
Pacific Ists at 70^, against 70 do. incomes at 14|, against 14.
&
&
;
,
;
&
&
;
—
Railroad and Miscellaneous Stocks. In the early part
week the stock market was very unsettled, various dig
turbing rumors and reports being circulated that caused much
On Wednesday, however,
irregularity and general weakness.
the tendency of the market was changed by the news from
Europe, which again assumed a warlike character, accompanied
as before by a drop in English consols and an improvement in
our wheat market. Under the stimulus of this news, assisted
by the covering of short contracts, the market improved
of the
materially, many stocks closing at higher prices.
Pacific Mail was prominent in point of activity
and
interest,
course during the past week has been very irregular,
declining on Saturday to 46f, but subsequently re-acting
sharply, on rumors of a settlement of its differences with the
Pacific roads, which were not well founded or at least premature; the war news also exerts a favorable influence on this
and
its
stock.
Union and Central Pacific were more or less influenced by
the same causes as Pacific Mail, and the contemplated issue of
$10,000,000 bonds by Central Pacific, to take up floating debt,
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
replaced in a receiver's hands, and that receivers' certificates
would have to be issued to meet April payments for taxes, &c.,
which were urgent. There has yet been no news that Philadelphia & Reading receivers will make the payments April 1
under the
!iic
52114
The dealings in Government bonds
Board have been exceedingly light and unimportant, with
United States Bonds.
at the
orable for the maintenance of peace, but notwithstanding all
the reports, it is difficult to believe that hostilities will actually
transpired.
Sixty Days
Prime bankers' sterling bills on London..
Prime commercial
Documentary commercial
M.
18S3-5
The Money Market and Financial Situation.— The
markets have again been temporarily animated by the warlike
news from London. The outlook has certainly been less fav-
the Stock
27.
Frankfort or Bremen (reicbmarksl
NEW YORK. FRIDAY. 'PIARCH
At
[Vol. XL.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day Savannah, buying
par; Charleston, buying %
J discount, selling \ discount
premium, selling 3-16 premium; Boston, 10@17 premiuiri; New
Orleans, commercial, 75@100 premium; bank, 100 premium;
Chicago, par.
St. Louis, 75 premium
The posted rates of leading bankers are as follows
M^\xhzvs' Cja^jetteDIVIDENDS.
The foUowlng aivldeoda Uave
Ohic.Mil.
:
:
.
lease.
The Vanderbilts and grangers have been generally steady
to
strong, the action of the trunk line presidents in continuing the
pooling arrangements until May 1 being interpreted as a favorable sign, and the })rospective default on Nickel-Plate bonds
not depressing Lake Shore as much as might have been
St. Paul was a leading stock, and was adversely
expected.
influenced by the general impression that the dividend would
be reduced, which was confirmed by the announcement on
Wednesday of a dividend of li per cent on the common,
the usual 3J per cent semi-annual
instead of 3J as heretofore
on the preferred was declared.
To-day the market w.as generally dull, with prices steadier
and closing near the best figures made, though without any
;
buoyancy.
.. .....
Maiu
It
THE CHRONICLE
1886.]
i.9,
887
NEW YORK STOCK EXCHANOE PRICES FOR WEEK ENDINQ n^RCII
HI0BB8T AKD I,0WE8T PRI0B8.
BTOCKB.
Miinii
UAII.KOAItM.
180
Albany
•« Miimiiii'Imiiiiii
IliiHtoiL.^ N" Y. Alr.l.lmi, prel..
I
<
I
.
\m\. Itiiitlds
i.'ino
A
.iMi
I
,\:
Do
«
SH>.
31i>ii
& Ohio
38 1» 3HiS
•31
3U'ii
OHj
"S,
0:>.
36 '^
34
3a>ii
30
March
'il.
'37
II
A
31 "a
-9
•9 "8
81
30<>H
3t\t
31
»"»
'SKj
6
10
•6 -a
•Oij
11
'Oh
8
lO'ii
10
0^,
'1331a
I)
0»8
1«
I
•
Columbia
it Oreonvtlle, prof...
Delftwaro Liirkawunnatt Woal.
101=4 103 >4
* Illo O rando
Dabuquo * Sioux City
Denver
Knst Tcnnotisoe Va.
Do
Kransvlllo
A
pref.
& St.
Paul.
Karloin
Bon»ton
»t
Texas Central
lllluoiM Contrnl
Do
Indiana
L^o
leased
Uno
ttlooiniiiKt'n «&
Krie
A
4 p. ct.
West'u
Western
7
S2
3-4
15
63
LonK
Island
Louisville A NashTine
Louisville New Albany A Chic.
Manhattan 1 Mevaled, cousol.
Manhitttai) lleat-h Co
Memphis *t Charleston
Metropolitan IClovated
MlchiKaii (.'entral
MU. X.. Shore A West'm, pref.
Minneapolis A St. Louis
I>o
Hi
17
3=4
OS-
11\
27
•34
-Ilia I214
•20
271a
17=4 I8I4
89=4 90 14
>8
9
3%
0%
.
Northern
.
Pacitlc
Do
pref
Ohio Central
Ohio A MLssissippl
Ohio sonthem
Oregon Short Line
Oregon A Tnins-Contlnental.
Peoria Deciitur A EvausvUle.
Philadelphia A Reading
.
Pittsburg
i't.
Do
Wayne A
Kome Watertown A Ogdensb'g
A Terre
Louis Alton
8t.
Louis
St.
Do
Do
Paul* Duluth
St.
Paul Minneap.
Do
Do
42%
a.
17
pref
Manitoba
. .
12=4
314
8
•14
621a
•711a
30=4
'2312
77 Is
38
•34
*ll>a
•26
171a
1214
271a
8%
14
2%
2%
•18
•34
80^4
21
35
80 14
87% 87%
Ills 11%
42-
•418
12
41^
l:-
Pacific Mall
841a
77% 78
37
103
38
61
•34
61
'54
*103
•54
61
I414
I4I4
29
68
20
68
46=4
49%
*2
41a
pref
Western Union Telegraoh
55% 56%!
132
American
•2=4
3
108
FargoA Co
INACTIVB STrtCKS.
34
•11% 12% •11% 12% •11% 12%
•26
•26
27
26
27
•8
9
•39
40
27
18
17%
90% 90%
17% 17%
90% 90=4
17=4
90=4
•8
9
118%118%
118=4
40%
91%
•39
2%
4%
2%
4=4
87% 87%
13
13%
13%
40
90%
2%
5%
89% 91%
2=4
4%
•87
90=4
2\
5%
....
12% 13
16%
8%
•8=4
8%
9
8=4
7
17% 17%
17%
39% 41
17%. 17%
40% 41%
40=4
15% 15%
15% 15%
15% 15%
15% 15%
12
12% 12%
12% 13
14% 14%
14
•17
41
%
411,
%
=4
12Tc
13=4
14
14
15% 15
12% 13
14
14% 15%
15
60
60
23% 23%
23
•2=4
•2=4
3
134
110
51
23
2%
125%
-17
•20
20
•32% 34%
51
23
•2=4
2=.i
•18
80% 80%
88
88
88
10% 11%
10=4
42
•4%
90
11%
43%
4%
•88
90
89
11% 11%
42% 43%
3
81%
76
47-'l4
•3
•2
•25%
66
84=4
85
85=4
77%
75%
77
27
27
.32
134
109%
Atchison Toneka A Santa Fe.
Chicago A Alton, pref
Cincinnati Sandusky A Cleve
Colnmhiis chic. A Ind. Centr'l
l>anbury A .\orwalk
Keoknk A Des Moines
I/OuislanaA Missouri River""
24'8 24 '9
New "N'ork Klovated
122 136
'
Virginia Midland
4%
66'e
^132
3
11% 11%
62%
91%
62
110
1%
20
34
34
•4
89
4%
4%
4%
67% 68
49% 62',
•3
114
4%
•2
•10=4
3
11%
84
86%
76% 77%
•2
•10=4
68%
49% 60%
27
27
48%
51
134
•91
92
•50% 62
•100 110
4
•113
114
'3
134
134
91% 92
•61
52
108% 110
4%
31
134
92
52
•108% 110
1%
61 's 320,977
35
67,222
62
110
1%
123
SO
126
100
97
200
20
10=4
10^
8
8
1%
Those are Uie prices bid ana asked no
;
sale
was mado at the Board.
t
1%
Lowar price
Is
-'
•
H
!
-i
...
1
ex-divldond.
Feb. 25
21
90 '9 Mar. 16
13'8Feb. 20
Fob. 10
51%
5
% Jan.
14
53%
Jan. 30
Jan. 2
7
Jan. 12
11% Mar. 28
66
4
Jan.
Mar. 11
Jan. 8
Feb. 24
Mar. 12
Feb. 25
Mar. 21
Feb. 20
Jan. 10
Mar.
Feb. 25
Jan. 30
63=4 Fob. 10
30
136
Jan. 28
Jan. 13]
3{
93
2
52% Jan. 10
2 110
78
152
Jan. 16
8
Mar. 19
Jan.
22% Fob. 27
l%Feb. 6|
60
Jan. 8
Feb. 17
26 Mar. 17
ISO Jan. 22
Jan. 10 18 Mar. 3
Jan. 19 110 Jan. 19
Feb. 9 20 Feb. 27
Jan. 30 10=4 Mar. 10
8 Mar. 25
Mar. 25
.
Feb.
Feb.
.
.Slandom Mining
!
0=4 I-eh. 10,1
3 13=4
Mar. 21 94=4
66% Jan. '22 83
14% Mar. 21 14%
21 Jan. 3 34
59=4 Jan. 29 73
46=4 Mar.21 62%
107% Jan. 2 115
8
80
e7'aMar. 20
147 Jan. 29
22 Feb. 27
1 % Mar. 10
60 Jan. 8
2% Feb. 25
100 22% Mar. 4
122 Jan. 22
I
,.,i*
8
79=4 Jan. 2
10=4 Mar. 24
Mar. 21
Feb. 3
53 130 Jan.
58 87 % Jan.
48 Jan.
5
20 104% Jan.
*
road
Consolidation t^oal
Honiest-iko .Mining Co
Maryland Coal
New centr.il Coal
Ontario silver Mining
U,-)!
Feb.
30
91% 91%
1%
11
18'.
32% Mar. 26 39=4 Jan. 8
80% Mar. 18 87% Jan. 10
21
Feb. 26 24 Feb. 27
77% Feb. 7 80% Mar. 18
4
57% 67%
9
Frh. 20
86
9%Jan. 2H 12% Feb. 26
5%Jan. 20 H Jan. 15
Mar. 17
Jan. 27
3,821
9,967
133% 134
•51
'109
6%
2% Mar. IB
•25% 31
67=4
•132
•91
52
36
UUJn.
31
Jan. 7
11
61
100
410
650
•2
26%Jau.
Feb. 20
100
60%
130 Mar. 31
Mar. 25 90% Feb. 8
66 Feb. 4
610
300
12
85
77% 79%
Feb.
41
4
11
40
68
4% -3
-25% 31
•25% 31
•25%
56=4 67%
B6'8 57%
67
132
510
7,535
224,285
56
84
Law. nicb
BlffliMt.
41'..
18
900
300
•53
84% 85
76% 77%
1888.
I.
..II
6
9'
61
Jan. 2 135
Mar. 14 118
6,684 115% Jan. 2,12r.%Mar. 14 107
367,146 68% Mar. 25 76% Jan. I2' ""
4,110 102 Jan. 28 107% fob. 19
182,681
84% Jan. 2 97% Feb. 26
1,430 119=4 Jan. 2 184
Feb. 28
1,522 105 Jan. 2 116>4Mar. I4I
7% Jan. 2
Mar. 61
100 15 Jan. 17 19 Feb. 27
1,026 23>4 Mar. 5 20
Feb. 26l
1,577
82% Jan. 2 91% Feb. 26
250 31 Jan. 16 88 Feb. 24
60 1.34 Jan. 81 139 Mar. 26
14% Jan. 0| 20 Jul 27 88
isi'm 82% Jan. 22 100% Mar.
1,120
7
Feb. 14 10 Jan. IS
100 65 Jan. 6 65 Feb. 12
380
2% Jan. 15 4% Mar. 10
000
4'JJan. 23
8 Mar. 3
100 37%Jan. 10 62 Mar. 20
800
3 Jan. 01
3% Jan. 2
266 190% Jan. 20 200 Mar. 24
100 14 Mar. 26 30 Jan. 14
615 110%Jau. 17 127 Mar. 14
178 84 Jan. 16 88% Feb. 17
100 11% Jan. 19 14% Feb. 24
100
0=4 Jan. 7 17
Feb. 21
73,210 59-% Jan. 19 67 's Feb. 26
530 62 Jan. 2 73 Mar. 14
17,566 22 Jan. 16 83% Feb. 27I
900 n%Jan. 8 27% Feb. 20;
9,430 C5 Jan. 16 78-14 Mar. 14
100 11% Jan. 3 15 Feb. 14l
1,800 27% Jan. 15 44 Mar. 7
90 Jan. 2 93=4 Jan. 301
5
54 Jan. 6 64% Feb. 24!
100 32 Feb. 20 34=4 Feb. 20
200 10% Jan. 26 13 Feb. 26
25 Jan. 16 29% Feb. 201
23- 306
14% Jan. 22 IH'sMar. 3
3,310 80% Mar. 21 97% Feb. 10
7% Jan. 7 9% Feb. 25
"'88"7
114=4 Jan. 2 122 Feb. 28'
33 Jan. 7 42% Fob. 27
99;6'7"9
84% Jan. 19 95% Feb. 25
1,904
2% Mar. 25 5% Jan. 8
1,200
4
9=4 Feb. 17
Mar. 25
256 84% Jan. 2 88=4 Mar. 16
3,720 11% Feb. 2 14=4 Jan. 6
100 20 Feb. 5 30 Jan. 8
160 12 Jan. 17 17% Feb. 10
175 Jan. 2 182% Mar. 17
807
8%.Mar. 24 12% Jan. 6
I'aJan. 12
3
Feb. 28
4 'a Jan. 27
8 Feb. 20
350 21 Jan. 29 25=4 Feb. 26
1,625
15 Jan, l7 19% Feb. 26
60,341
36% Jan. 29 44 Mar. 16
2,242
=, Mar. 17
1=4 Jan. 2
550 15% Mar. '27 19 Jan. 14
9 Jan. 7 12
Mar. 19
390 14% Mar, 21 16 Jan. 15
15,762
11% Jan. 23 14% Jan. 2
1,710 12% Jan. '22 15% Feb. 27
7,700 14 Mar. '.iO 19 Jan. 2
200 119% Feb. 17 128 Mar. 10
120 Mar. 9 122 Mar. 20
50 130% Jan. 29 142% Mar. 13
1=4 Feb. 28
2% Jan. 17
500 44 'a Jan. 19 54 Mar. 9
860 19 Jan. 2 26% Mar. 11
620
2% Mar. 11 4 Mar. 6
17 Jan. 2 19 Feb. 20
20% Jan. 2 25 Feb. 26
13%
•11
1885.
1,
175 128
11%
3
11=4
Jm.
Feb. 4
Jan. 17
20% Jan. 31
9=4 Mar. 23
7
Feb. 18
81
Mar. 26
lur.
89
11% 11%
44%
43=4
4
220
360
82=,
89
11% 11%
42% 44%
11% 11% •11% 13% •11% 13% "11% 12%
11% 11%
•54
•64
•53
66
63
50
54% 55
•2
•18
32% 34
•78
41=4 43',
4
4
91=4 91=4! 91%
•50
•50
62
United States
....
61,
34
2%
22%
17% 17%
39=4
113iall3ia 112% 112% 113
Adams
3%
,
9't
24
80
80
Pullman Palace Car Co
Quicksilver Mining Co
12
141=4 141=4
Gas Co
Delaware A Hudson Canal
Mntnal Union Tel
Oregon Improvement Co
Oregon Railway A Nav. Co
'
62
lOia
18% 13=4 •13% 14
14% 15%
16% 16
•49 la 53
60
51
22 14 221a 22 14 23
3
Consolidat<-d
Wan-en
•6%
47
3%
•12
14
14
16%
12618*124 la 1251a 126 125 %
86=4 '"88=4
•87
•87
88
89
89
•12% 14
'12% 14
131a •12 la 14
•14
'14
•14
15
16
15
16
63% 62% 83% 62% 03% 01=4 63
72
72
72% 72%
•711a
721a
721a
30=4 32
30=4 311a
31% 31=4
311a
26% 26%
25
26
26
251a 26I4
77 14
77 14 77% 77%
77
77% 77'
•47
3
.
125
Bankers' vt Merchants' Tel
Colorado Coal A Iron
Wells,
3=4
15
I3I4
I4I4
leia
American Dist. Tel
American Tel. A Cable Co
Do
's
4
7
22
23
17
14'8
12=,
•13=4
161a
41
Wabash St. Louis A Paolflc.
Do
pref.
IHISCEM.. A NEOUS:
.„
23
4
•14
•2
17=4 17%
40% 41%
.7
'
0=4
7=4
200
•5%
pref.
pref.. ..
1st pref.
A
401a
9%
Haute
A San Francisco
Texas A Pacific
Union Pacific...
1014
21a
61a
22=i
1818
7%
Chlo...
special.
Bensselaer A Saratoga
Klch, A Alleg., stock trustctfs.
Richmond tV Danville
Blchm'd A West P'nt Terminal
Rochest^T .t Pittsburg
St.
*9's
-2
*5ia
22=4
17'8
7%
•0%
61a
•48
3
.
New York New Haven A Hart.
NcwY'ork (int.irlu it Western.
New York Susq. A Western
Do
pref,
Norfolk A Western, pref
80
7=4
3=4
7%
.
.
86
106=4
71a
ISW
18% 17%
Missouri Kansas A Texas
90
90 '4 90%
91 »B
Missouri Pacific
9
Mobile A Ohio
118iall8ia 118iall8ia 118 118=4 118=4
Morris A Kssox
NashT.Chattauootra A StLonts •3914 401a •39
401a •38% 40% •38
88I4 89=8
89% 90% 89%
New York Central A Hudson.. 88
14 88=4!
*3i8
31.;
3
2%
3
Y'ork
Chic.
31a
New
A St. Louis
*5ia
4=4
4
6
8
Do
•51.J.
pref
8718 87%
New York Lack. A Western .
871a 871a
13%
Ne-w York Lake Krie A West'n 13 1« 13 la I3I4 13=8 13 14
26
Do
prof.
16%
New York A New England
16
16
I
I3OI4
II5I4 115
lis lis
115
•7% 8% •7% 8%
81a
•16
18
17% •15
25% 2594
200
'131a
62 14 62=4
•711a 73
"ll'i
85^ 86% 86%
33% 33%
138% 139 139
02,268
30,006
31=4
6
102% 103% 102% 108=4 103%
8
31a
•88 la
141a
31%
62
l'25i8
125
88
14
"82ai'"3"4'%
60% 70%
106% 108
106% 107
93% 94%
U2=4 04%
131% 131% 130% 130%
6«-"-„
1-
100
JAN,
LoWMt
124
88
67
6,110 87
10
•48
•3
71^1 711a
3OI4 311a
30=8 31-18
•21
•21
23
24
77 1» 7718 77=8
77
15
15
•37
3713 38
381a 39
lOlia
103
103
•33
Ilia
-26
17»8
180 la
pref.
7
61
SHl
*12ia
141a
12=4
la»4
•14
•7
S\
'3
107 197
•12
•12
1«
12U>4l2Ui4 125
•86
85
86
62 's
Lake shore
xlO
62
3'4
102% 104
•0=4
•5%
0% 0^ -9% 10
•6% 8
•6% 7%
l.S3»i, 133=4
134% 134%
l'J2i4 rj3i< 122% 123%
106
01 "»
65
*3ia
•61a
4
«3'a
•6 "a
_
7\
7"8
65
Terro Haute
OTOon Hay Wlnoua
10218 103
"»4
7»4
A Qa
(ShATM).
33%
•31=4
81% 32%
6% 6%
'aii'i-i
71
32%
81% "si
l.'IS
72'8
--
•
Bole* of IUDt« SInoa
Uie Week
38% 37%
•9% 10%
32 1\,
3214
31%
«
82
321s
101,
•311.J
lala^iavi'sl 122
Qiilnoy.
Friday.
AND SINCE
Mari:li 'J7
'20.
88
122»« 121=4 122-18 122 1.J
«»•% 71 '4
68 »8 70', 6hi.j
70'a
105=4 106
lOtt
100
preJ.' ll)5'« lOi)"! 1(10
0214 041,
02=4
«a"B »3'e
Chicago .« Northwostorn
,S?'ii 95
130 '4
131
130 1303< 131
li»l
Do
pref. l***
Chloaso lto<'k Island iK Paciflo I'^i''-' ^^i!"' 113»<114>a 114 1141c 1141a
"8
8"3
HHi
•71a
81a
*7'a
71a
CW<Mi«oSt. I.onU* PlttsburK.
•16
10
17
18
lU
17
pror.
Do
24 T, 24',
2S
25 3^
24 >a 2494
CUcniTo^t* Paul Minn. A Oni.
86I4
84 ''4 8I>
8434 Si
8S
85
VTvl
Do
'33
34
34
3S
CleTeland Col.C'tn. * [iidiaimp.
VasK)
ClerelAiid (t Pittabiirtf. jruarClilciii
Maroh
-26.
•37%..
3H'
321
11
35 14 'bi'ii'siV,
5"8
I0>8
6»B
10
11
U
7
133<sl33>ti
Inlprot
'Murof....
Ho
H
Si't
2USl
6»B
Joraey
Chlcnr.
Wednewlay, Tliarmlay.
Tncwlfty,
Murub
'23.
130
•0
Ceiitr.tl I'liclUc
ClivsapvalkO
'/l.
>31<-j
•37
Miauoaota
COHlrjil tdwjv
Centrul of Now
Marcli
88
No..
.:Ii4'rii
t
Ct'tt'ii
Monrtny
Batiirday.
9r,
7
7
7
18
1% Mar. 26
1
Feb.
'25
Mar. 10
% Mar. 26
—
.
—
—
.
—
.....
..
.
—
—
....
.
THE CHRONICLE.
388
SECURITIES.
AUbama-Class
'103
>106
6«. 10-208. 1900
Arkaasas— 6a, tiinileil
•16'
Ft. .S. iss.
7s, L. Rock
*15
7», Irlemp.& L. Rock
14
N.O.
78,1.. R.P.B. <fe
14
78, Miss. O. &. R. R. RR.
*4
7s, Arkansas Cent. RR.
'100 "a
GJorgla— 6s, 1886
103
7b. 1886
'112
7b. sold, 1390
&
New bonds, J.&J., '98-8
Special tax, all classes.
65%
64^4
27, 1885.
SECURITIES.
Ask.
Tennessee— Continued-
ns
SB,
4%
3 '6
Do
113
120
>106
•113
•116
•117
|
•10
14
i
6»,
new, 1892-8.1900. ..I
108
Ask
Bid.
\
Refi:i9t«red
Funding 5s,
47 "4
SECURITIES.
Ist, reg., 7s,
2d, 79,1913
Pitts. Ft.W.A
•2d, 7s, 1912
3d, 78, 1912
.
I>a.
tfe
•71'
'iiawj
^^u-..
fund, 09, 1903.1
73
Mo. Riv.— 1st, 7s. ,•121
2ii,7s,1900
1^98
.
125
2d, guar. (188), 78, '98
Miss.R.Br'ge- l8t,s.f.68
Chic.Burl.A Uuincy—
09=4 100
Biv.-S. til., 68, 1919 'lOO
96
9613
Sinking fund, 49, 1919
Denver Div.— 48, 1922..
90
Plain 4s, 1921
C.R.I. & P.-69, cp., 1917. I29I3 129'
129
68, reg., 1917
1107=4
Ext. A Col., 68,1934...
Keok. A Des M.— 1st, 6a IO714IO8
Central of N.J .-1 at. '90 1. 109
94
9S
l8t,conB.aS8ent.78,1899f
95
96
Couv.,a.s8cntod, 79, 1902
Artjn.stmont, Ts, 1903... IO314 104
65
Conv. debeut. 68. 1908..
la.
!
I
I
96%
9213'
I.©h.AW.B.— (.'on.g'iUas.
Am.D'k Almp.— Ba, 1921
Ch.M.A St.P.-lBt,as,P.D.
•80
129
I
90
123
108
102
1071311034
II213II3
A
A
I
II834 II9I3
1st. H. A D., 78, 1910
Gold, .5s, 1961
Chic.A Pac. I)iv.68, 1910 113 1141.2
Dub.A S.C— 2d Div., 78.
943^
Ist.Chic.A P.W..59,1921
Ced.F. A Minn.- Ist, 7s.
Mln'l Pt. Div., 59, 1910.
95
Ind.Bl.AW.-lst, pref., 7s
99 13
CAT.. Sup. Iiiv. 58.1921 -97
Ist, 568, 1909
Wis.A Min.Iliv.58, 1021 9334' 9414
2d, 5.6s, 1909
''
Tei-mlnal58, 1914
Eastern Div., 6s, 1921
Ohic. A Northwest.Indiauap.D.ASpr. l8t,7s
Sinking Fund, 78, 1885. 102% 102=4
2d,68,1911
Consol. bonds, 78, 1915. 137
138
Int. A Gt.No.— Ist.es, gold
Extension bonds, 78, '85 102=8 ....
Conjron, 68, 1909
102»8 102=4 Kent'ky Cent.— M.68,1911
1st, 78,1885
Coupon, gold, 78, 1902.. l'28i3
Stanipeil, 4 p. c, 1911 ..
Rcglst'il. gold, 7s. 1902. 128
Lake Snore
II3I3'
Sinking fund, (Is, 1929.
M. S. A N. I., 8. f., 7s...
Sink, fund, (l.-.,1929,reg. 112
Clcve. A Tol.— Sink'g fd
Sinking (und, .'.8. 1929
106 IIO6I3
Nov bonds, 78, 1886.
Sink, fund, is, 1929, reg
Cleve. I'. A Ash.- 78
"98i4l"99'
Sink'gfrt.rteb.,38, 1933
Btiff. A Erie— New bds,78
9OI4I 97
26 years deb. 68, 1909
Kal. A W. Pigeon— lat..
EscanabaA I,. S.— Ist.Cs*
113
DetM.AT.— l8t,78,1906
DeBM.AMin'ap.-lst,78|
Lake Shore— Div. bonds.
t
,
—
I
I
72 13
50
65
30
8s.. 1*128 >3
Pcuinanla- l«t, conv.,78 127
Chic.A MUw'ke6-lst,78
Win.A St.
2d,79,1907
.
1126
loeia'lO?
P.-lBt,7s,'87
I
1'26
.
|1'27
Mil.AMad.-lst.,6»,1905:
ott. c. F.A St. P.— ist,.%sl loovioa
C.C.C.AIud's— lst,7, 8. fd 122
Consol. 78, 1914
Consol. sink, td, 7s,1914
General consol.,
118
122 13
•9713 i'oi'
G.'*,1934
Chic. St. P. MIn. A Oni.—
Consol. 68. 1930
I
11113112
C.8t.P.AM.-l8t6s,1918
1125
No. Wls.-lst, 68, 1930.
et.P.A S.C.-l8t,6s,1919 119 14 126=4
Chic.A E.lll.— l9t,s.f.,cur. IO914IIO
Consol., let, 6s, 1934. ...I 96
98
Chlc.St.L.AP.— l8t.con.58
8U
V
A
Chic.
Atl.-lBt, 68, 19201
2d,C8, 1923
Chic.A W,Inrt.-l8t,8.f.,6s, 10313
Gen'l mort., 68, 1932
Col.A IJieen.— lst,6s,laiU
2d;6s, 1926
Col. H. Val. A Tol.— l8f, 68
Del. I..A
'
nil...-
Ko
78,
,t-v
1907
V
prices Friday
;
I?'*
Lonia.West.- iBt, 68
122
109 13 110
115
116
112
74
77
57 v.
74
87
1
2a, 68,
1930
General, 6s. 1930
Pon-sacola Div.— 6s,l920
St. L. Div.— Ist, 68, 1921
2d, 38,
6s,
1919
13"
Loni8V.N.Alb.AC.-l8t,6s
General mort., 68. 1914.
I^u. N. O. A Tex.- 1st, 6s
Manhat.B'ch Co.— 78,1909
N.V.,tM.B'll— l9t,79.'97
those are lat«st auotatioaa
made
this
N.Y. Sus'i.A W.-lst.Gs.t
Debenture, lis, 1897 t...
Midland of N. J— 1st, 6s
110
Nev.ida Central— Ist, 6s.
105 13
N.Pac.— G.l.
gr.,lst, cn.,69
Registered, 6s, 19'_'1.
Pac— l8t,6s,g.,1920t
1920,
1st. Min-1 Div., 6s, 1921
Ohio So.— I9t,6s.l921....
Orcg'nA C.-ll.- lst,69.1931
Or.ATransc'l— 68,'82-1922
Oregon Imp. Co.— lat, 6s.
Oreg'n UK.ANav.— Ist.Os
Debentures, 78, 1SH7 ...i
Panama— S.f., sub. 68,1910
Peorto Doc. A Ev.— 1st, 6s
Ev!vns.Dlv.-lst,68,1920
PeoriaA Pek. U'n— l8t,6s.
Pacillc RailroadsCentral Pac— Gold 6s
San Joaquin Br.— Os
.
.
A Oregon- 1st, 8a
A Or.— Ser. B., 6s.
68.
6s..
"98 is iod"|
So.PivcofN.Mex.-lst.Os:
eiimedj
Atl.A Pac-Inc, 1910....
Central of N.J.-1908
.116
121
103
106
93 1....
80 13' 81
6813....
105 106
89 '8 90
Consol., inc., 68, 1921...
.
96
102
52
90
1896
1
93
l9t, consol.. «.a,1919.!
C.Br.U.P— F.c..7.s,'95
Greg. Short-L.- lst,6s
Ut. So.-Gen.,78, 1909
Bxten., Ist, 78, 1909
95
St.L. A
S F.— 2<1,es, CI.
68, Cltiss C, 1906
69, Class B, 1906
iBt, 6s, Pierce C.
week.
8913
V
Id.
Rio G.,
Aug.
6s,
Gen. mort.
N.Y.LakeE.AW.— Inc,68
Oliio
cp.
Ter.
on
cp.
off.
Cent.— lucmne,
IRume W.
So. Car.
19'20
10
ie"
18
22"
22
28
•50
•25
30
27
4I3
5
A Og— Inc., 78.
25
30
105
63
Dlv.bds
LIST.
107
74 13 Cum. A Penn.— l8t,68,'91
35
'2d, 6s, 1888
Des M. A Pt. D.— 1st, 6s
56
50
Ft. W. A Denv.
1st. 68
I
C—
II. A H.of '82— 1st, 5s
Pnllmau'sPal.Car- stg.78
Gal.
99
34 13
Coal.— Con v.6s, '97 103
Col.C.AIr.Co.— l8t,cou.,6s •64
FREE
94I3
2413
Ry.— fno.,Gs.l931 •30
St.L.A.A T.IT.
10413; Conaol.
68.
Pa. Co. '8 gnar.4 '.jB.lst.cp
Coupons
12
13
Min'l Div.— Iuc.,78,lU21
Pennsylvania RR.
t
e9>t
liU
Ohi.iSo.-2d inc.. 6s, 19^21
PcoliaD.A Ev.— Iuc.,1920
Kvausv.Div,- Inc., 1920
!Roch.APitt8h.-Iuc..l921
A
gr.,reg
exAug.
A
112
.
AO
Do
88=4
85
Pac—
Income A
85
65
III3
11
W.—
A
'4
1st, cons., 68.
3d, 78, 1906
Pac of Mo.— iBt, 6s...
2d, 78, 1891
7s. 1895.
Gen'l mort., 68, 1931.
So. Pac.of Mo.— 1st, 6s
Tex.APac— Ist, 69,1905
Consol., 68, 1905 t...
86
Laf.Bl.A"Mun...Inc.,'fs,'99
Incomes
Mil. L. Sh.A
Mob. O.— lst,prf.,deben
2d, pref., debentures
3d, pref., debentures
4tn, pref.. debentures-
At.C.AP.-lst.Cs.lOOo
Epulpment,
79
95
I4I3
Ind'sDec.A Spr'p— 2d,inc.
Leh. A Wilkeab.Coal.- '88
ILake E.A W.-Inc.,7s.'99
Saud'kv Div.— IUC..1920
Denv. Div.69,ass..'99
Mo.
78
10713
Ind.Bl.AW.Inc.l919
At.J.Co.AW.-lst, 6s
>ii8'.i I'lgia
101
9413
....
E.T.V.AGa.-Inc.,6s,1931
Gr.Bay W.A st.P.— 2d,lnc.
58, 1907
Do
Kans.Pac— 1st, Os, '95
llo=<.116
T09
{Iiitcrtft ptiyiihU if
'93..
Collateral Trust, 69.
Ist, 69,
78
65
INCOME BONDS.
Union Padlic— Ist. (is..
Land grants, 7s, '87-89
123
128
126
80
I
102=B
Sinking fund, 89,
Beg., 89, 1893
11313
107
37
77
;
IQ31SIO314
121
112
115
95'
Indpolis Dlv.-0s,1921.
Detroit Div.— 68, 1921 ..
Cairo Div.— 58. 1931
Wabash— Mort. 7a. 1909
Tol.A \V.— Ist, ext.,78. 108
99
1st, St. L. Div., 7s, '89.
92
2d. ext., 7s, 1893
35
Equlpm'tbds, 78, '83.
73
Consol. conv., 73. 1907
Gt.Wesfn— 1st, 7s, '88' 106=4
93
•2d, 7s, 1893
Q.A Tol.— 1 St, 78. 1890
Han.A Naples— 1st, 7s
111. A So.Ia.— lat,ox.,6s
St.L.K.C.AN.— R.e.,78 103
Omaha Div.— Ist. 7s. 83 13
Clar'daBr.— (is,1919
II214 113
St.Chas.Bge.— lst,68 ,70
I07I3...:
No. Misaoun— Ist, 78.. IIOI3
98 L...
West. Un.Tel.— 1900, ooap 113
98
1900, reg
I0213
N.W. Telegraph— 78, 1904
108 Hi IO9I3 Mut. Un.Tel.. s.fd,68,1911
69
Consolidated. 79, 1898..
2d consolidated, 7s,1911
1st, ypringtield Div.. ?»
So. Pac. of CaJ.— Ist, 6s.
So. Pac. of Ariz.— 1st. 6s
116
110
106
Chic. Div.— 5s, 1910.
Hav. Div.— 68, 1910.
Tol.P.AW.— lst.78,191T
Iowa Div.— 68, 1921....
Gs. 1931
Hiver— l8t,(!8.1932
Pac— Bonds,
10413
721a
108
103
Va. Mid.-M. Inc., (i8,1927
Wab.St.L.APac— Gen., 68
Norf.AW.— Gen.,
Now
...
el's
Tex. Con.— Ist, s.f .,78,1909
51 13
1st, 78, 1911
Tol. Del.A Burl.— Main. 68 •18
1st, Dayt. Div., 68, 1910
Ist, Ter. ti-ust, 6s, 1910.
Tex.A N. O.— 1st, 7s, 1905
Sabine Div..-lat,63,1912,
83
N.Y.N.lI.AH.-.lst.,rg.,4s
N.O.
78.1
I
1931....
.'is,
Ark A T.— Ist.
,Shcnttlid'hV.— l8t,7s,1909
General, 68, 1921
2d. 6s, 19-23
Hegiatcrcd.
.
1st, consol., 6s. 19*33
Ist, consol., Cs,reg.,1933
Min's I'D.- Ist, 68, 1922
St.P.A DiJ.-lst, 5s. 1931
So. Car. R'y.— Ist. 68, 1920
•2d, 69, 1931
No.B'way (Cal.)— Ist. 68
7a.
S.AN.Ala.— S.t.,6s, 1910
Lonisv. C.A L.— 68,1931
Trust bonds. Us, 1922...
.
N.Y.W.Sh. A Buff.- Cp.,Ss
West.
1980
Nash V. A Dec— Ist,
f.,'85
coup
Land grant bonds,
•67
...
E.H.AN.— Ist, 6s, 1919
7.s,
1st, 6s, 1905
N.Y.C.&St.L.-l8t,6s,1921
Cal.
Cal.
105 13
69
.
Louisv. A N.— Consol., 7s.
Cecilian Br'ch- 7b, 1 907
N.O.& Mob.-lst,69,1930
,*
1st, Terui'l Tr., 6s,
Sandusky Div.— 68, 1919 •80
Laf.Bl.AM.— 1st, Os, 1919 85=,
'iSS
- 1«t.79
1
10.40,69,1924
L.Erie AW.— 1st,
W.— 7a, <'onv.,'92
Mortgage,
8vr.
Consol., coup., 1st, 7s.
Consol., reg., Ist, 7s
Consul., coup., 2d, 7s.
Consol., reg.. 2d. 7s
Long Isl. RR.— Ist, 7a,'98
lst,con.sol, 5s, 1931..
Cairo
78
Ohio Ceutrol-lst,Us.l920
.
lowaMldlnnd— let.
Harlem— Ist,
1897
72 14
Gen. r'y&l.gr.,5s, 1931
St.L.AltonA T. H.— lst,7s 112
107
'Jd, pref., 78, 1894
99
•2d, income, 79, 1894 ....I
Bellev.A So. 111.— 1st, 88 115
StP.Minn.AMan.— lst,7s 109
114^8
2d, 6s, 1909
Dakota Ext.-68, 1910..
1
1
Hud.Riv.-7a,2d,s.
70
11213.
107 13
78 IO8I2 109
Iron Mt.-lst, 78.
Arkansas Brch— Ist,
Cairo A Fulton— 1st, 78.1 loo's 106=4
1
Y Ceutral-6s, 1887...,*
Deb. certs., ext'd os
cp.,
A
2d. 7s,
OhioA Miss.— Conaol. s. fd
7213
.
'
St. L.
N.Y'.C.AN.— Gon.,68,1910
Tru9t Co. receipts
N.Y. A N. Kngl'd— l9t, 7s
—
"
1892*
Os. 1927;
1903
91
57
99=4 IOOI4
61
65=8
!
Morgan's La.A T.— 1st, Os,*
1st, 7s, 1918
I*
Nash.Chat.A St.L.— lst,78
l8t,reg.,
'108
78 14
1921 105
Debenture 68, 1927
Atl.ACh.— 1st, nr.,78,'97. 110
*78
Incomes, 1900
Scioto Val.— Ist, cons., 78.' 60
'90
—
69,
Consol., l9t, 68,1922....
Rlch.AAlleg.-.l8t,78,1920
Rich. A Danv.— Cons..g.,68
Gs..l
N.
128
Con., lat, ext,, 08. 1922
N.y.P.AO.— Pr. I'n, 69,'95
I
A
A
A
tru.st, 69,
Extension,
138
13313
Boch.APitt.-lst,
1st, 78, reg., 1900
iN.Y'.Elev'd— 1st. 79, 1906
Buflf.AS.W.— M..6s,1908
Ev. A T. H.— 1st, cons., 6s 102 13 104
97
Mt.Vorn'n-lst, 69, 1923
Fargo A So.— Ist, 69. 1924
II6I3
Fl'tAP.Marq.— M.6b,1920
99 13
Gal. Har.A S.Ant,— lst,68
97
2d, 78, 1905
91=4 92 13
West. Div.- Ist, 5b
•2d, 6s, 1931
Gr'nBayW.ASt.P.— lBt.6s 60
GulfCol. AS.Fe-7s, 1909 104
2d, 68, 1923
Han.A St.J.-Con.Gs.lOll 116
Houston A Texas Cent.—
851..,
Ist, M. L., 7s, 1891 1 ....
.
Ist,
Mo.— Ist,
A Ohio-New
Deb., 5s, 1904
Collat'l trust, 68, 1922.
Ist, We9tem Div., 78t..
2d, 7 3-lOs, P. D.. 1898
No.,78(....
118V
iBt, Waco
Ist, 7s, $g., R. D., 1902. 1'28 |130
2d, consol., main line, 8s
l8t,I.aC. Div.,7a, 1893. 116
No., 88,1916
2d, Waco
M., 78, 1897... l'.;o
l8t,I.
General, 68, 1921
121
D., 78, 1899.... 117
Ist, I.
Houst.E.AW.Tex.-.l8t,78
M., 79. 1903.. '128
iBt, C.
2d, 68, 1913
121 13 lU.Cen Spd.Dlv.— Cp. 68
121
Consol. 78, 1006
120^4
lst,7s, I.AD. Kxt.,1908 119
Middle Div.— Reg., 5s
l8t, S. W. Div., 68. 1909. IIOI3II2
C.St.L.AN.O.—Ten.l.,7a
97
93
iBt, 68, 1.aC.ADav..l919
Ist, consol., 7b, 1897..
l8t.S.Minn.Div. ,69.1910 IIOI3II2
2d, 68, 1907
Cent.
N.Y.C.A H.— Ist,
103
10713!
116
Buft.N.Y.AE.-l9t,1916 128
N.Y.L.B.AW.-New2d6s 55 13
131l4l32>3
Consol. 79. 1903
Bs, sinking fund, 1901..
68, debentures, 1913
88
78...
2d, extended, 5s, 1919
3d, extended, 4 138, 1923.
4th, extended, 59, 19'20.
6th, 7s, 1888
1st, cona., gold, 78, 1920.
Ist, cons.. Id. coup., 78 .
Reorg.. 1st lion. (Ss, 1908
Long Dock b'nds, 7.9. '931
,
!
A
2d, 68, 1901
6.9,
Erie— 1st, extended,
;123
H.
Mobile
CoUatcr'l
1920
Eliz.Lex.A Big Sandy— 68
1st,
St. I^.Jack. AChle.- 1st *118V
l8t, guar. (664), 7s, '94 •11813
2rt, (S60),7.-<,
I
10513 107
E.T.Va.AG.-lBt,7s,1900t 113 115
47I3 48
7434
74
1st, cons., 5s, 1930.
92
91
24
23
Divisional Ss, 19301
92
Eliz.C.A N.— S.f.deb..C.,68
Ches.O.AS.W.— M. 5-63...
ChicagOiSt Altun- Ist.Ts.
Siukmg
41
55
4OI3!
Den.ARloG.West.— lst,6s
Det.Mack.AMarq.— l8t,6s
Land grant, 313S, S. A..
C— l9t,7s
Rome W.A Og.— l8t,78.'91
1
& Aug.— Ist, 78.
A Ohio-
•97
II8I3
1900
Clev.APitts— Cons.s.fd. 124
4th, 8. fd.. 68, 1892... 108
St.L.V.AT.H.— lBt,g.,78 1171.
2d, 7s, 1898
2d, guar., 7s, 1898 .
Pitts.B.AB.-lst, 6s, 1911
80
Pitts. Cleve.ATol.— lst.68 109 14 110
Pitt.9. June- 1st, 68. 1922
,
Chesapeake
Ask.
Pa. Co.'s 4i.3S,Reg., 1921
Pitts.C.ASt.L.-l8t,c.,78
1
.
1899
SECURITIES.
|
.
7
-a
113
Penn.RR.— Continned—
Metroplit'n El.-lBt,1908
Del. L.
mouov fund. 1898.
•5
District ol Columbia—
3-659, 1924
2d, 6^,1809
Morris A Kssex— l8t, 78. 13713
,11434 Hex. Cent— Ist, 78. 1911.
2d, 78, 1891
47
Ist M., 78,ex.cp.,6,7,A 8
Bonds. 7s, 1900
123
Mlch.Cent.— Con8.78,1902 127 14
7s of 1871,1901
107
Consol., 5s, 1902
1st, consol., guar., 7s.. 124 12 ii't'e
At<;h.t'.&S.Fe-4'29,1020
6s, 1909
N.Y. Lack.A W. -1st, 6s 120
Sinking Fund, 69, 1911.
93=4'
Coupon, 5s. 1931
7013 71
Construction, 58, 1923
Atl. &Pac.-l8t.6s,1910.!
:112'8
Registered, os, 1931
99
122
Del.A Hud. lanal-lst, 78
Balt.<S O.— l8t, (is.Prk.Br.
113
108
Jack.Lan.A Sag.— 68,'91
1st, ext., 78, 1891 ...
Bnr.C. Rap. A No.— Ist, 58 loe^j
118
Mllw.A No.— 1st. 68, 1910
Coupon, 78, 1894 ...
Consol., Ist, 59, 1934 ...I '9ihi'II9I4!
Ist, 6s, 1884-1913
Registered, 78, 1894
Minn.&St.I..— lst,7.9,gn. •130 135
132
MU.L.S.AW.— l8t,B8,1921
Ist, Pa. Div., cp.,7s,1917
la. City <& West.- l8t, 7a •llO
130
Mich. Div.- Ist. 69. 1924
l8t. Pa. Div., reg., 1917
C.Rap.I.F.&N.— lst,6s 109>a
Minn.A St.L.— lst,78,1927
*92
Alb. A Susn.— Ist, 78.
let, 5s, 1921
105
Iowa Ext.— Ist, 7s, 1909
2d, 78, 1885
Buff. N.Y.&P.— Cons.,68
2d, 7s, 1891
1st, con8.,guar.7s,1906 I27I3
General, 68, 1924
S'thw.Ext.— 1st, 73.1910
98 14
Ist, cons., gu., Os, 1906 II4I3II3
Can.So.— l8t. int. guar. 5S| 98
Pac. Ext.— Ist, 6s, 1921.
70=4
Reus. A Sar.— 1st, cp.,78 139
2d, 58. 1913
Mo.K.A
T.— Geu'l,6s,1920
1921
7b,
l8t,reg.,
1913
Reg., 58,
90
General, 5s, 19'20
Denv.A Rio Or.— Ist, 1900
CenUallowa— l8t,7s,'99ti 58
48^4 49=8
Cons., 7s, 1904-5-6
50
Ist, consol.. 78, 1910. ...
East. Div.-lat, 69, 1912
79
Cons., 2d, income, 1911. :•
Den.So.Pk.APac.— lst.78,
111. Div.- Ist, 68, 1912..
Pur,
47',
54 'i
•39
•39
•75
«42la
•50
I
30
SECURITIES.
A W.—Contln'd
Ask
Bid.
63, gold, series A, 1808
68, goUl, series B, 1908
69, curreucv, 1918
Mortgage fo, 1911
1914
I
non.fnn.lable, 1888. S
Brown consol'u 69, 1893, •107
Tennessee— 89, old,1892-8 47
(Stock Erchini^e Prices.)
Ala. Ccntnil-lst, 69, 1918
Allog'y Cont.-l8t,69,1922
Char. Col.
serie.9,
RAILROAD BONDS.
^.
Railroad Bonds.
new
C1np'inl8e,8-4-5.68,1912
Wll.C.&Ru.R.
Virginia— 68, old
"85'4 86"
Oonsol. 4s, 1910
68, new, 1866
110-3
68,1919
68, consol. bonds
'105
Ohio— 69, 1888
69, ex-matured coupon.
12
South Carolina
69, con9ol., 2d series
6s, Act Jlar. 23, 1869 )
68, deferred
S's
112!9
1
I
Bid.
N. Carolina—Continued-
103 "!!
109
I
y
SECURITIES.
Ask,
75
i
RR
RR
SECURITIES.
Bid.
Louisiana— 7s, '50ns.,1914
Ex-matured coupon
Missouri— 69, 1886
68, due 1889 or 1890....
Asyl'm or Univ.. due '92
8
Funding, 189495
Hannibal A St. Jo., '86.
20" New york-6s, reg., 1887
20
68, loan, 1891
10
6s, loan, 1892
68, loan, 1893
N. Carollna-88, old, J.4J.
Ponding aot, 1900
88
Class B, 58, 1906
Class C, 43, 1906
SECURITIES.
Ask.
Bid.
A, 1906.
[Vou XL.
MARCH
QUOTATIONS OF STATE AND RAILROAD BONDS.
STATE BONDS.
_
.
78.
debenture, 1888.
F
..
Mahch
Local Seonrltles.
COMPANIES.
(•> ua
Amerloa*
100
Bid.
<ft
Drov'a'
Chase
60
Amerloan
Amer. Kxoliaoge... 100
UU
Bowery
180
170
180
Oontlniintal
Corn KicUango'
Kaat Klver
Sleveutb Wanl*
m
Commercial
Continental
Bagle
Empire City
Farragut
iid"
100
FfftliAvenna* !".".' 100 400
100
First
100
so
60
GarlleM
100 1-25
German American*. 75
100
Germaiiia*
100
.
Oerman-American
.
Qi-eenwich
Hamilton
Home
...
.
•25
Hanover
100
Imp. A Traders'
100
SO
100
Manhattan'
so
100
Jfarket
100
Mechanics'
25
25
100
Mercnanta'
so
Merchants' Kxch
SO
lOO
Metropolitan
100
Murray HUl»
100
60
100
Wew York County . 100
p. Y. Nat. Eioh.... 100
Ninth
100
Korth America*
70
North Klver*
30
Oriental26
Paciflc*
50
Park
100
People's*
as
Phenlx
20
Produce*
so
Eepubllo
100
8t.Nlchola«»
100
Befs-enth Ward
100
Second
100
Bhoe <fe I,eather
100
Btate of New York* 100
TUlrrt
100
Tradesmen's
40
Union
;
so
Xlnlted States
100
Wall street
50
WestSide*
100
uo"
i'ii'h,
Irving
,
Kiuga C'nty (Bkn.).
Knickerbocker
13d
us
LonK I9ld (B'klvn)
* BniUl..
Traders' ..
Manufac.
A
1.18
Mecli.
139 >a
Mechanics' (Bklyn)
Montauk (Bklyn.)..
Nassau (Bklyn.) ...
181
22 "a
15
N. V. Equitable
...
North Kiver
100
pW-k
no
Peter Cooper
People's ......
»7'3 ioo"
lis
143
iso"
Sterlinjf
ioi"
100
United states
Westchester
ibs
ias"
WUliamsburg City.
ios"
112
125
108
I'iO
100
100
50
SO
26
100
15
50
100
60
100
30
20
40
60
100
25
60
50
50
60
50
37 "a
35
100
50
25
25
100
20
50
60
25
60
100
100
26
25
10
60
.\«k.
ICO
103
Boston
Bnrl.
:io
•/20
126
UO
2U0
67
108
1!J7
ViO
65
53
125
210
105
ibo" 112
no
95
40
50
100
123
120
215
50
85
63
lOS
107
150
87
155
80
175
108
no
135
100
55
120
130
225
Brooklyn Gos-Light
Bonds
Co., Brokers, 49
25
20
A
&
4
Istmort
Br'dway 4 7th Av.— st'k.
Ist mort
Brooklyn City—Stock.
Istmort
—
Bklyn. Crosstown Stoclc
1st mort. bonds
Bushw'kAv. (Bkln)— Sfk
Central Ci-o.'islown—Stk
Ist mort
Cent.Pk.N.,tB.Rlv._8tk
Consol. mort. bonds
Chrlst'ph'rAlOth St—Stk
Bonds
DryDk.B.B.<S; Bafy— Stk
Ist mort., consol
Scrip
Eighth Av.—Stock
Scrip
4ad & Or'td StP'ry—etk
Istmort
Eoust.W.st.AP.F'y-Stli
Ist mort
Bacond Av stock
Istmort
-Bonds
ITwenty.third St
Istmort
• Tlila
stock.
Wall
street.]
Bid.
5
NT 10, '84
3
Jan. 1,'85
SHiS'g
1
F., '99
...
I
131
83
107
83
Ask.
133
85
no
86
I
7>a Jan. 1,'83!143
3
1902
II iO
2VJan.lO,'85|125
3
1902
103
2
Jan. 1,'85 120
21a Nov. 1.'84 93
1 >a'Mchl5,'85| 80
31a Nor. I,'84il05
3 ,Oct. 1, '841 98
I
2>a Jan.20,'85ll35
iu"
128
105
123
95
82
110
101
140
1900
no
Jan. 1,'85
98
110
133
103
108
108
106
95
105
jBn.l5.'85 151
1888
1900
101
105
105
1900
0,000, J. <s J
0.000 J. * J
0,000 Q J.
0,000 ,r. <fe D
0,000 Q.— p.
0.000 J. & J
0.000 A.
0,000 J.* J.
»4!Jan.,
'85
•Jli*
IJuIy,1900 112
Aprlll,'85 169
Jnne,l»0l 104
7
2
Feb., '85 216
Jan., 1802 a 08
AG
April 1,'86 168
Jan., 1»88 103
'83 162
J.OUO; Q.—
li
Feb..
},()0»\ Q.—J
l>a Ap!i'il,'85 ISB
B.OOO M.&N. 6
Nov..lw22 110
11,000 Q.-J. 2
ApriU,'85 143
B.OOO) J. &D. 7
nee, 1902 121
5,000 Q.— F. liaFeb., '83 132
3.000 A. AC. 7 [Oct., 1898 110
'85 IPO
J.ilOO Q.— F. 21a Feb.,
).000) J. & D. 7 [Jnne, '93 114
1,000J F.* A. 6
Feb., 1914 101
I
I
1
I
i
11.000;
Q.— J.
H.'IOO
F
&
A.
Q.— F.
li.OOO A.*0.
l>.000| a.— F.
S.OOO'
a.ooo'j.
<fe
2.000 J.
*
J.
J.
M.&N.
0,000,.M.JtN.
0,000!.M.& S.
Sixth Av.—stock
Ist more
Third Av.—Stock
II.
A
*0. B.— 7s
Ft.
8.—7s,
1st
A Meni.-6B
K. City Slid
Mexican Central—78
Income
Scrip
...
212 Apall,'85 240
Feb., 1914 106
245
Aynl. 93 112
Feb., '86 140
July, '94 111
April
Jan.,
l.'.SS
'35 131
105
1610
May, "88 105
Nov., '84 •MO
0,000 J. & J.
0,000 Q.— P.
0,000 J. & J.
U.OOO F.*A.
Inly,
Feb.,
Jan.,
Feb.,
'83 19.1
O.OIWIM.AN.
May,
'93! 112
colomn snows last dividend on
ttockt,
'90 110
'851 290
'90 111
i
New 7s, reg. A c<inp.
191
Connect'* Ok, rp., liHK) 04 118 i'io"
Cor.CowanAAiit..d«b.6ii,
jI>elaware-Oa,rg.A cp.,V.
Del. A Bound Mr -lst,7« IM
..-.^
1191a'
East Penn.— lat,7B, 188M
Il7a«|
EastonAAmb'v— 5s, 1920 no
107 "a El. AWm8p't-fst,6s, 1910 lUia
120
6s, perpetual
100
103 Hi 103 >4 Harrisb'g-lst.8s, 1883.
101
.•••.«
107 » H.AB.T,-lst,78,g., 1890 113
*>««
47 14 47 !^
Cons. 6s, 1895
86
11
U>4 Itha<'aAAih.-l.t,gld.,78
'
.
83><
Income
Old Colony—78
J 18
Pneblo A Ark. VaL— 78..
Rnilanrt— 6s, Ist
118>4 118
Sonera— 7s
STOC^KS.
Atchison
Atlantic
<fe
Topekft
:
23,1
118i«
172
105
220
112
175
112
167
160
112i«
145
128
137
116
193
1161a
105
265
108
266
117
150
ll»>a
185
10.1 >i
108
305
115
300
113
203
lU
but date of maturity of ixmdf.
J,eh.V.-lBt,68,.C.AR.,'98
2d.7s, reg.,li)lo
Cons. Os, CAR., 1923..
N. O. Pac Ist. 68, 1920.
R4I4I
95
681a' Oil
Oil
172 H. 1731a
109Hi 110
Boston A Lowell
171 '9 172
Boston ifc Maine
174 ig
Boston & Providence
Boston- Hevere B. & Lynn 105
70
(.'aini)rHl-e
Boston* Albany
—
ni4
60
I
80
138
I
,
,130
132
1
'las
106 '4 108
124 ,126
133 1136
7,1906
Perklomen— 1 st, 6s,cp.'87
Cleve.
i40
C—
Phil. AErie— l8t.7s,cp.'88
Cons., 68, 1920
Cons., 5s, 1920
A
97"
97 «a
499\ 100
6s..
68, coop.
PeonsylT.—Gen., 8s. reg.
Gen.,68, cp., 1910
Cons., 6s, reg., 1906
Cons., 68, coup., 1905...
Cons,, Ss, reg., 1919
Pa.
N. Y.
7s, 1896.
Chic.
Clnn.
Sandusky
60
13A
l-,«6
Creek— Ist,
Cheshire, preferred
A west Michigan..
1-J4
CityAChlc— l8t,
A
m
136 1«
No. Pcnn._2d, 7s, cp.'96,
Oea,7s, 1903
Debenttire 6s, reg
Norfolk A West.-««n.,6s
N. B. Dlv., Ist, 88.1932
N. Y. Plill.A NoT.-lat, 6a
Inc.,6», 1933
68^
7
Paclttc
it
.
I
831s
-.--•-
ibS"
107
117
102
N. Y. * N. England— 8b
10934' no
7a
118'
119
80.
78
Pac—
Mexico
A
N.
81
Ogdensb.A L.Ch.—Con.6s
95
112
Concord
lOJV.
{167'
Connecticut Klver...
Phlla. Newt. A N.Y.— let
76 1» Phil. A R.-l8t,6s,1910.. 120
Conn, it Passuuipsto
Connotton Valley
117
ad, 78, coup., ;893
Det. Lansintt* No., prof. ::::>
119
Cons,, 78, reg., 1911
48
Kastern, Mass
XJons., 78, conp., 1911 ..
11634
117
FltchbuiK
Cons., 6s, g., 1.R.C.1911
14>s
Flint A Pere Marquette.
Imp., 6s, g., coup., 1897
82
Preferred
78 »i
Gen., 6s, g., coup., 1908
89
Fort Scott <fe Gulf
{81
83
Gen., 7e, coup,, 1908
125
Preferred
38
Income,
78, coup., 1896
73
Iowa Falls A Slonx City. *70
30
Cons. 5s, 1st ser.,c., 19*22
66
19
Kan. C. Clin. & Bpringf'd
Cons. 6s, ad »er.,c.,1933
67
38
Kan. C. Sprlngf. <fc Mem.
Conv. Adj. Scrip, '85-88
30
Little Bock & Ft. Smith.
20
Debenture coup., 18931
25
Loiiisi.ina A Mo. River..
Scrip, 1882
Preferied
25
Conv., 7s, R. C, 1893..*
941a
:
Maine Central
Conv. 7s, cp.off, Jan.,'85
96
Marq. Hough t'n& Onton. n9»4
Phil. Wll.A Balt.^s.tr.ot
—
Pitts. Cin. ASt.L.— 73
B.—7s,cp.
Pitts. Titus.
A
{33
10^4
16%
I6I2
122
Champlain
Portland Saco A Portsm
(Dgdonsb. it L.
H. L. Gkant, Broker, 145 Broadwaj-.]
(t.OOO
Consol.
Little
N.
Northern of N. Hampsh
Norwich* Worcester..
Old Colony
Date.
Par.
1,000
Bl'cker 8t.& Fnlt.F.—Btk
K. city St. Jo.
Rntlan<l— Preferred
Summit Branch
Worcester A Nashua
Consolidated Gas
Jersey City 4 Hohoken.
[(Quotations bj
*
& Lowell
Y. A New Kugland ..
2,000, 000 Var's
1.200, 000; Var's
259, 000, A. &0.
100 35,430, OOOi
20
756, ooo;j.
J.
Metropolitan— 3onda . . 1,000
700, 000 F.JsA.
Mutual (N. Y.)
100
3,500, 000 liuar.
Bonds
1000 1,500,,ooo!m.&n.
Nassau (Bklyn.)
25
1.000,,000, Var's
Scrip
Var's
700,,000,1I.&N.
People's (Bklyn.)
10
1,000,,000!J.
J.
Bonds
1,000
400,,000 M.&N.
Bonds
Var's
130,,000j.I. & J.
Williamsburg
50 1.000,,000 Quar.
Bonds
1,000
1,000,,000 A.
0.
Metropolitan (Bklyn.)..
100 1,000,,0001
Municipal— Bonds
1,000
750, 000 M.4N.
Fulton ^Municipal
100 3,000, 000
Bonus
800, 000
Baaitable
'ibo
2,000, 000
Bonds
1,000
1,000, 000
...
Citizens' Gas-L.(Bklyn)
••
5s
KaMt'rn. Mass.—6s, new..
Gulf- 7b
Fort Scott
K. City l.awr. .ft 80,— 6b..
105 •«
110>a
Civ
'v,._aa,'»7
C'atawlasa lHt,7s,con.e.
Chat. M., 10s, 1H88
gr., 7b.
.
Nashua
Gas and City Railroad Stocks and Bonds.
GAS COMPANIES.
.
A Ambor-<B, c.,'89
Mort., 6a, \AH9
"1 lst,7a,f.,
Cat
Providenco^a
it
Prefened
&
Cam.
Nebraska, 6s. Exempt
Nebraska, Bs.Non-ex'pt 107
87
Nebraska, 4a
Conn. A Passumpalo— 7a.
Connottou Valley—6s
Metropolitan
Mexican Central
98 ".J
is's
[Gas Quotations by OKO. H. peestiss
Tr.Bs, 1933
Bnir.Pltts.A W.-0«D.,es
l»t.
.Maine— 7a
A Mo.-Ld.
Aak
Bid.
Bnir.N. y . A P.-(Cont'd)-
V
•--
iiis"
'
Jiaii* 183
grant, 7a...
A
BKCURfTIKa.
Aak.i
A Albany—7a ...
Boston A Lowell— 7b
180
170
140
120
125
230
245
80
100
108
86
50
118
76
55
100
100
146
80
140
70
120
lOJ
165
100
140
100
lao
l«nd
Boston
Boston
UO
20
40
Bid.
BOMTON,
Atoll. A Topek»-lat,7a
6a
2.'0
230
70
76
101
78
30
110
210
120
105
220
60
100
117
123
65
40
118
200
80
17
10
Firemen's Trust
Franklin <& Kiiip..
115
.'"
Hi
123
U5
20
70
100
BO
100
40
100
30
50
Citizens'
City
Clinton
100
100 us
100 107
100 1S7
Oomnieroe
9,1
25
25
17
Broa<lway
Brooklyn
as
100 108'
100
as
Bid.
i'-ii"
i"26"
CUy
Par.
380
160
mar. Kzohanc*." 100
Browlway
Sfi
f<t.l
PUKK.
COUPANIBS.
Ask.
889
BKCVjRITIEB.
I.lat.
[Prioea by K. 8. Ballay, 7 Pine
rKicK.
Par.
not Natloiuu.
.,.
ns In Boston, PlilUdelphlk ana BaUlmore.
Inaurance Miook
Bank HtMk Mat.
Mu-ksd thn*
—
,
THE CHRONICLE.
28, 1886.]
New York
Batohern'
Central
.
160
132 "a 153
9
8'n
19
10 14
11
Camden
it
A PhU
1»4
,
76
I
106
ss"'
991a'
Cons. 68, 1909
A Atl.—l 8t,6s,C.
W .JerseyPenn.—
68, coup.
.
I
.
113
103
108
103
CANAL BONDS.
8S
A Del.— Ist, 68,1886
Lehigh NaT.—6s,rog.,'84. 107
Mort. RR., reg., 1897 .. II6H1
Ches.
2dpre£erre<i
Delaware A Bound Brook 126
East Pennsylvania
40
Elmlra & Williamaport..
54
Preferred
Hnntingd'n & Broad Top
Prefened
Lehigh Valley
Preferred
Little Schuylkill
Mlnehill A sch. Haven..
Nesquehoning Valley...
Norfolk A Wesfn— Ci'om.
56
60
60
Preferre<l
Northern Central
North Pennsylvania
Pennsylvania
64
537,
Philadelphia A Krle,
Phila. Ger. A Norristown
A
N.Y..
Ueading
Wllm. A Bait
Plttsb.Cln.A St. L.— Com
18
60
Cons., 7s, reg., 1911
561
Schuvlkili NaT., pret...
RAlLKO.\D BONDS.
.
A
Cln. Wash. A
ColumblaA Greenv.— Ists
89
2d8
So.Central—6»,
68,1900, A.
aliare.
'85, J.AJ.
AO
120
100
103 la
109
100
6s, gold.lOOO,
Sa, Series
6a, Series
A
B
96% 96%
72% 75
101% 101\
119
ue%
J-AJ-.- 116
104
103
PIttsb.ACon'ells.—78JAJ
121% las
Union RR.— lst,gua.JAJ
Canton endorsed
115
Virginia
A Tenn.— 6s
W.Md.— 6s,
Ist. g..
A
—
135
J.AJ.
J
2d. guar., J.
3d, guar, by W.Co.,J.AJ.
J
68, 3d, guar., J.
Wllm. C. A Aug.—8s
Wll. A Weinoo— Gold. 7s
A
t
107
99 »4 100
68 li 69H
29
29\
Bait.—laU,
2ds
3d3
119
Ul%
Aug.— Ist.. 107%
2d
Ist, 68, reg.,
Per
111
86
Balt.AOhlo— 6s„'85A.AO 103
Cen. Ohio.—68, l8t,M.AS 106
Charl. Col.
AshUb. A PIttsb.— l8t,i
I
U
RAILROAD BONDS.
A Cbarl.— 1st...
Atlanta
7=4
Inc
40
Allegh. Val.-7 3-lOs, '96
7s, E. ext., 1910
Inc. 7s, end., coup., '94
1908
BelTld'e Del.— Ut,68,1002
ad, 6s, 1885
8d, 8a. 1887
BeU'a Bap— 1st, 78, 1893.
1st, 6s, 1905
Cousot., 6a, 1913
Bnff. X.Y.A Phil.- l8t,68
2d, 78,1908
Cons, 6s, 1921
88
BAI,TI9IORE.
BAILB'D STOCKS. Par
Atlanta A Charlotte
100 176 180
Baltimore A Ohio
125
l8t pref
117
2d pref
59
80
Parkersburg Br
50 48%
641a Central Ohio—Com
34I4
60 66
Pref
1818
18 'e Western Maryland
60
CANAL STOCKS.
Lehigh Navigation
Pennsylvania
124i«
"sa'
Nav.— l8t,68,rg, 107
2d, 68, reg., 1907
no's
T»
—
Penusvlv.—6s, cp., 1910..
Schuylk.
192
United N.J. Companies.
Westchester— Cons, pref.
West Jer,sey
West Jersej' A Atlantic.
lend.
67
1905
68, P. B., 1896
Gen., 78, coup.. 1901.
35
Ist preferred
A
A Pac— 1st, 08,1905
j
99^4 100
Warren A F.— Ist, 78, '96 102
West Chester- Cons. 7s.. llSia
W. J ersey— 1st, 68, cp.,'96 lUia
183%
1st, 78, 1899
171a
Newtown
Tex.
Westei-n
.\tlautlc.
Preferred
122
Cons. 68, gold, 1901
Cons. 6s, gold, 1908....
Gen., 4s, cold, 1923....
lia
Catawisea
Phlla.
Phila.
Phila.
78
,
PHlJjADEI.PHlA
Gap
,
A Erie— 1st,
Con.sol., 6s,
Allegheny Valley
AsUtabnfa A Pittsburg..
Preferred
Bell's
Sunbury
90
,
Union A Tltnsv.— Ist 78.
United N. J.— Con3.6s,'94
RAILBOAI) STOCKS.!
Buffalo N.Y.
PrefciTed
Oen'16s, 1921
Income, 6s, 1923
Income, 5s, 1914
Sunb. liaz. A W.— Ist, os
2d, 68,1933
191a Syr.Gen.A Com.— Ist. 78
76ia
1154
Wisconnin Central
Preferred
"ss'
Shamoklu V. A Potts.-7s
Shen. Val.— 1st, 78, 1909
In default.
i
Last price lltU
ias%
iw
ivr
—
...
1
..
.
..
.
..
—
:
:
.
THE CHRONICLE,
390
[Vol, XL.
New York City Banks.— The following statement shows the
and the totals from Jan. 1 to condition of the Associated Banks of New York City for the
The statement includes the gross week ending March 21, 1885:
latest date are given helow.
earnings of all railroads from which returns can be obtained.
Average Amount of—
The columns under the heading "January 1 to latest date"
Baiika.
Net Deposits
Loans and
furnish the gross earnings from January 1 to, and including,
iMal
OircviaSpecie.
RAILBOAI) EARNINGS
The
latest railroad earnings
DUcounis.
the period mentioned in the second column.
Latest Earnings Beporled.
Jan. 1
to
Latest Date.
Moads.
WeekorUo
1885
Ala. Gt. Soutli'n. February .
Boat H. T. & W. 2 wbs Mch.
1885.
1884.
98,450
18,937
89,276
14,378
203,211
74,002
556,S89!
60,591
64,258
Bur.Ced.R.&No. 2d wk Mch
92.000
62,000 1,113,341
Canadian Pacific 3d wk Mch
236.375
23,390
2d wk Mch
29,657
Central Iowa
Central Pacific. February 1.B97.000 1,402,571 2,967,756
659,946
72,525
72,683
Uhcsap. & Ohio. 2d wk Mch
130,726
12,805
14,2'i:9
Eliz.Lex.&B.S 2d wk Mch
252,248
26,162
29,601
Ches. O. & S. W. 2d wk Mch
Chicago & Alton 3d wk Mch 159,458 167,892 1,687,808
Chic. Burl. & Q. January .. 1,992,484 1,648,220 1,992,484
305.238
34,955
26,934
Chic. & East 111 2d wk Mch
470,000 422,055 4,225,001
Chic. Mil.& St.P. 3rt wk Mch
439,100 407,200 4,127,661
Chic. & Northw. 3d wk Mch
829.400
99,000
88,000
Ch.8t.P.Min.&0. 2d wk Mch
193.083
26,910
28,408
Chic. & W. Mich 2d wk Mch
520.735
49 364
46,319
Cin.Ind.St.L.&C. 3d wk Mch
397,745
196,098 160,131
Cin. N. O. &T. P. February
.
.
wk Mcli
Clev.Akron&Col 2dwkMch
36,454
9.522
256,093
22,104
Cin.Wash.&Balt. 2d
Clev.Col.C.&Ind January
..
Connotton Val.. February..
Danhury & Nor. January ..
Deny. & Eio Gr. 2d wk Mch
Deny. & E. G. W February
Des Mo. & Ft. D. 2dwkMch
Det.Lans'g&No. 3d wk Mch
Dub.&SiouxCity 2d wk Mch
E.Tenn.Va.&Ga. February.
Eransv. & T. H 2d wk Mch
Flint & P. Mani. 2d wk Mch
Flor.K'way&N. 2d wk Mch
Ft. Worth
&
14,161
114.452
53,983
7,504
20.661
18,900
311,89^
14,338
36.011
17.77(
24.335
211,09
262,889
Ucn. February.
Gal.Har.&S.An. January...
Grand Trim!:.... VVkMch.21
Gr.BayW.&St.P. 2d wk Mch
Gulf Col. & S. Fe February.
6,69t
69,102
234,300
34,800
123,09)
"d wk Mch
(Iowa) 2d wk Mch
Ind. Bloom.& \V. 2 wks Mch.
K.C.Ft. S. & Gulf 1st wkMch
lU. Cent.
(111.).
Do
52.081
Kan. C. Sp. & M. 1st wkMch
Kentucky Cent'l 2d wk Mcli
Lake Erie & W. 1st wk.Mcb
33.950
16,4461
24,645
52,9H6
.
lj.Rk.& Ft.Smith
I.,.Ek.M.Eiv.&T.
Long Island
L'a Western
January..
Januar.y...
33,642;
3d wk Mch
42,580
39,828
280,615
4,637
Januaiy...
Louisv.&Nashy. 3dwk Mch
Mar.Hough. &0. 2d wk Mch
Mexican Central 3rt wk Mch
Mex. N.. all Uues February..
Milwaukee & No 3d wk Mch
84,800;
138,656
11,875]
23,400!
Mil L. Sh.& West 3d wk Mch
Minn. &St.I.ouis February..
127.438
163,771
174,919
62.980
Mobile* Ohio.. 'February.
39,8.30
8,768
272,313
19,620
12,186
90,145
44,194
7,356
25,959
20,244
320.392
16,073
46,806
19,370
27,014
254,134
312,837
6,685
124,959
228,559
37,423
114,700
46,183
11,648
13,557
21,366
44,449
32,374
39,3d0
50,666
270,650
5,514
49,540
135.928
10,742
25,470
109,591
161,283
210,495
39,155
Nash. Ch. & St.L jFebruary..
N.O.&Northeast'February
N."X.L.Erie&W«] January.-. 1,050,474 1,272,331
N. Y. Pa. & O. (January ..
389,600 433,645
N.Y. &NewEnK.lJannarv ..
230.420 243,046
N. Y. Ont. & W. January ..
128,330
121.369
N.Y.Susq.A West February.
68,505
64,140
.
I
Norfolk
&
West. 2 wks .Mch
98,36)
26.252
1884.
177,589
70,180
513,123
661,284
261,843
2,852,356
685,900
118,561
233.142
1,752.832
1,618,220
287,176
3.919,293
4,171,994
852,606
273,581
131,961
312,943
339,825
386,486
81.626
78,372
256,093
272,343
42.272
42,313
14,161
12.196
912,606
1,010,163
101,184
126,026
68.536
66.561
198,975
253,792
148,554
178,164
*59B,22P
638,380
128,543
125,335
348,024
473,098
221,018
218,336
47,23"
.54,820
211,09
254,134
3,219,693 3,609,260
52,251
67,710
181.4;<4
263,373
2,224,657 2,073,260
275,220
334,714
511,843
526,223
464,822
402,488
331,29"
145,030
146,909
131,000
39,8 28
44,449
32,374
391,756
50,666
2,865,268
49,617
536,832
3,127,209
47,776
845,934
266,979
2t)8.520
113,330
101,470
215,005
213,160
257,514
236,193
365,45
340.5 1
359,905
397,187
117,699
74.893
1,050,474 1,272,331
389,660
433,615
2 .0.120
243,046
128,330
121,369
139,170
128.195
525,690
543,332
1 10,673
142,5ri3
793,265
808,459
1,123,144 1,131.188
198,789
183,576
546,125
493,125
65,'i95
88,649
233,124
263,335
6,353,22
7,000,966
159,095
168.822
222,017!
216,200
1,818,3661 2,195.800
8M,7«9|
979.020
635,543
60J,641
161,537
148,307
142,654
123,574
113,222
90,304
203,909
216,705
67,927
64,293
213,862
195,506
114,395
81,010
17,810
12,640
239,908
309,701
162,3131
107,835
99,718
109.036
871,101
927,816
172,834
159,866
858,373
856,435
119,612
118,815
65,075
94,986
198,445
152,084
39,700
20,532
1,674,949 1,531,691
140,375
150,716
78,473
87,607
55,896
29,928
2,413,612 2,536,397
127,064
136,486
224.613
249,684
104.955
27.919
Northern Cent'l. February,
339.049 398,613
Northern Pacific February
569,562 520,083
Ohio Central
21,206
2d wk Mch
9.147
Ohio &Mle8
3d wk Feb.
78,176
55,200
Ohio Southern.. February
43.540
28,122
Oregon Imp. Co. January.
233,1241 263,385
Pennsylvania. .. February. 3,075,700 3,426,733
Peoiia Dec.&Ev. 3d WK Mch
13,500
14,390
Phila.&Erie.... January ..
222.017 216,200
Phiia.& Reading Jannary. .. 1,846,366 2.195,800
Do C. & Iron .January .. 844.789 97f,020
Richm'd &Danv. February
309,830 333,755
Ch.Col.iSiAug February
81.093
82,931
ColumbiaAGr. February
70.311
71,928
Georgia I'ac
52.614
February
50,252
Va. Midland.. Februaiy
97,905
109,590
West. No. Car. February
33,016
35,083
Roch. & Pittsb'g 3d wk Mch
20,015
18,273
Rome Wat.& Og. January... 114,395
81,040
St. Johns. &L.C. January.
17,810
12,640
St.L.Alton&T.H. 2d wk Mch
26,096
30,857
Do (Branches) 2d wk Mch
15.8501
19,316
Bt. L. F. S. &
10,«54i
3d wk Mch
8,818
Bt.L.&Sanrran.Sdwk Mch
87.766
94,579
St. Paul & Dul'th 2d wk Mch
13,304
16,710
St.P.Min.cfe Man. February
392,248 407,128
South Carolina January. .
119,612 118,845
Texas & N. O
January.
65.075
94,986
Tex. & St. Louis. 2d wk Mch
28,276
16.467
Tol. A. A. &N.M. jFebruary
15.650
13,822
Union Pacific... 1.1 acuary ., 1,674,949 1,531,694
Utah Central
February..
55,3061
75,433
Vic,k8b'g& Mcr.lFebruary
86,193!
44,28 4
f Vicksb.Sh.&Pac. February
25,996;
17,445
j|."Wab. St. L. & P. jFebruary
l,104,048ll,2?5,3I4
February..
56.944'
1^ West Jersey
07 186
Wisconsin Cent'l; '..-it wkMch
24.7981
27,169
o Not Including earnings of New York Pean. dc Ohio roaS.
* Not includiug the flrsi six days of January, preceding tima
Receiver took possession.
1
Shenandoah V. 2 wksMch.
j
.
.
.
.
.
.
.
.
.
.
W
. .
. . .
.
'
.
.
. .
!
'
.
I
.
.
j
.
Coins.
Manhattan Co
Union ......
America
Phenlx
Tradesmen's
Fulton
Chemical
Merchants' Exch.
Gallatin National..
Butchers' & Drov..
Mechanics'
Tr..
&
Greenwich
Leather Mannf'rs.
Seventh Ward....
$4 84 •8$4 87
Napoleons
3 85 «
Z X Relchmarks. 4 74 a 34 90
78
Guilders
3 96 « 4 00
Bpan'hDoubloons.15 55 ®15 75
Uex. Doubloons.. IS 55 •915 65
Telle silver bars .. 1 Ce^sa 1 073e
Fine gold bars...
para I4 preni
Dimes &, H dimes. — 99%'9 par
76,i,D00
...
1,150,500
3,43H.20O
13,523.000
17,646,300
6.809,400
6,227,600
2,601,800
5,131.300
3,705.800
1.498.800
3,106.000
..
7,''90,200
2,36(!,OO0
Nicholas
Shoe A Leather..
2,701,100
2.157,100
2,887,000
1,636,300
3,074.000
221.400
999.700
5,377,000
6,385.000
752,600
1,817,100
193,800
2,113,900
701,500
157,900
645,090
3.660,300
1,093,500
4BJ,000
477,600
081,900
340.000
677,000
...
4,90ii,30C
6'20.100
Commerce
Broadway
Mercantile
PacLflo
Republic
Cliatham
Peoples'
North America
Hanover
Irving
and
,
Citizens'
Nassau
Market
St.
Com Exchange
4,214,600
1,839,400
18,636.900
17,002.100
1,592,000
1,068,600
13,273,200
7,323,000
2,427,000
4.806.200
17,366,200
4,770,700
1,118.400
1,893,700
1,938,400
2,714,900
2,547,800
2,696,600
1,721,400
1,833,600
2,503.400
1.340,000
1.013,600
1,161,100
2,934,900
Continental
Oriental
Imnorters'iS; Trad.
Park
North Kiver
East Biver
Fourth National..
Central National,.
Second National..
Ninth National...
First National....
Third National...
N.Y.Nat. Exoh..
Bowerv
N. Y.County
German- -\meric'n.
Chase National...
Avenue
German Exch'nge.
Germania
United States
Pltth National....
B'k of the Metrop..
tion.
a.
1,608,000
448,000
1,921,400
1,164.000
193 600
1,143.300
104,700
1,360,000
57,000
178,100
1,189,400
793,400
636,400
147,100
124.000
144,000
200,900
89,400
340,900
1.311,000
1.425,600
349.100
982,700
232,300
403,800
392.500
138.700
493.000
424.500
433400
370,400
1:70,500
124,00(1
1,556,000
191,400
0,823,700
6,709,800
40,000
264,700
7,030,700
2,015.000
637.0001
1,209.700
4,8li0.200
132.300
227,000
332,000
701,400
370,000
1,229,700
1,415,300
222.000
103,200
1,342.900
1.033.000
199,000
289,200
1,305,700
1,608.400
340,000
347,300
464,100
251,600
35.1,700
168,000
422,400
122,200
316,000
180,600
435.000
190,000
107.800
191,600
126,900
242,300
384,100
419,3001
1,642,700
670,300
113,000
179.300
6J3,100
462,800
144,800
116,100
679,900
13,148.000
9,328.000
8.440,900
8.806,000
3,781,100
12,107,800
2,275,000
16,830,500
1,795,100
1,547.300
19,462,000
3^008,500
450,000
354,700
1,100
245,000
85,700
291.300
600,800
181,200
3S38,800
1,833,800
1,075.000
1,001,900
2,316,200
1,133,700
3,997,300
14,243,000
13,673,200
4,300,200
7,230,800
2.349,700
0.003,800
4,041,400
1.685.500
3,737,300
0,458,000
3.101,000
3.192,700
2,699.900
2,560,700
1.784,700
3,301.000
4.207.600
6,809,000
1,903,100
23,420.900
23,816,900
1,780,000
1,008,500
17,938,900
8.898.000
2,857.000
6,332.700
10,742,100
6.631.700
1,326.200
1,990,400
2,452.900
2,316,600
4,291,800
3.103.500
2,303,100
2.113,600
2,551,400
1,963.300
967.700
1,247.300
3,877,200
2,600
500,100
42,500
758.800
887,400
803,400
423,000
45,000
6,400
s'do.obo
279,300
270,000
429,400
418,300
103,600
989,900
46,000
225,000
180,000
297,000
39,400
45,000
419,000
179,800
221,000
180,000
45,000
1SO.OO»
43.000
179,000
135,000
301,371,400 104626200 31,870,700 354,294,'200 10.077,600
Total
The following are
totals for several
weeks
Deposits.
Specie.
past:
[Oirculation Agg. Glear'gs
$
Mar. 7 302,384.400 103789700 32,027.000 333,726,400 11,086,300 312.243,391
" 14 :103,821,800 103715700 32,294.400 355.870,200 10.931 100 ;82,d38.771
,
" 21 301,371. 100;10482«'200 31,370.700 351.29 i,200 10.97 7 ,600 428,776.688-
Boston Banks.
—Following are the totals of the Boston banks
Loans.
1885.
L, Tenders.
Specie.
$
Mar. 7 141,515,200
" 14 142,869,900
$
Deposits.
Circulati/m Aqq. CUar^gs
$
$
8,063,900
8.199.100
" 2lll42,766,200| 3,324.600
6,171,100
4.831,200
4,939,400
Philadelphia Banks. -The
68,992,403
61,607,114
66,630,672
95.275,800 22,649,300
08,012,40;i 22.513,200
99,633,100 22.132.900
banks
totals of the Philadelphia
axe as follows:
Lawful Money.
Loans.
1885.
Unlisted Securities.
week
—Following are
Securities.
Incomes
ll"*
Cent. Div., Ist, old
Cent. Div.,l8t, new
70
65
Incomes
6
141a
Best. H.
<$[.
E.— New stock
71a North. Pac. Div. bonds
73
North Riv. Cons.- 100 p.c
Ohio Cent.— Riv. Div., 1st
76
60
9
5s......
W
••
Den. R. G. & W., lat M.,
Gaar. byD. &B. O
Edison Electric LiKht
Georgia Pac— Stock
Ist mort., 6s
2d mort
Keely Motor
Istmort
M.K.&T.— Income
^
18
371s
50
9
941a
21s
Pref
scrip
N. Y. M. Un. Tel.— Stock
N. y. W. Bh.AB.-Stook
Asli,
78
79
10
11=!J
17 14
lia
314
2'<
2la<
22
38
65
42
21,
la
19
171a
10
20
6
A
89
16
Western
951a
New scrip
431a Tex. & St. Louis—
M. & A. Div., 1st mort..
13
34
li*
17
Pac, Ist mort.
2(lmoit
Eans. & Neb., 1st mort. 106
2d mort
46
391a Toi-.tfcCol. Imp.— Kx-bd..
Texas & Pac— Scrip 1384.
14
Old scrip
111(1
31a
Incomes, ass. pd
63, Ist mort, in Texas..
Gen. Ist.ld.gr.dtinc.as.p.
VlcksUurit
Istmort
2d mort
2--*
65
State of Tenu.— Set'm't.3^
Settlement, 6s
St. Joseph
St. Jo. tfc
17 »4
60
Rutland RR
Southern Tel.— Stock
Istmort
40
6
Mexican National
& Atlantic
1st mort
Pittsburg & Western
Peusacola
Bid.
Istmort
36
36
Commereial Tel.Co.— Pret lOli-j 120
Continental Const.Imp.Co
Denv.iS Kio Grande— cons 42
Denv'SKioOr.
Incomes
Postal Telegraph— Stock.
Istmort., 6s
Postal Tel.ife Cable— stock
6
Buff. N. Y. cfePhlla
Trust bonds, 8s
..-
.
I
-,-
H.T.& West.— Sfk
Debentures
Jjs.
a
latest quotations for
—
West. Div., Istmort
Accttmnl. land grant
Bank.&Merch.Tel., IstM.
Gen. mort
when
7,833.7'26
Secu/ritits.
& Pac— Stock....
70
Old
42,042,465
40,319,799
42,647,084
7,897,789
7.623.223
past:
Atlantic
Best.
Agg. Clear^gs
Deposit*.'
$
73,389,609
26,412,336
73,224,273
Mar. 7..
••
74,36.3,491
26.449.413
74,354,483
14.,
73,fi87,796
74,232,240
23,834,003
21
* iuclatling the itoni "due to other Dauics."
— 99%a par.
— 92 « — 94
FlvB franca
Mexican dollars.. — 83349 — 84'a
Do uncoinmerc'l. — 8314a — —
Peruvian soles
— 76%a — —
English silver
4 78 ® 4 84
U. 8. trade dollars
84 a — —
U. S. sUverdollaru — 99^ ^ par.
Silver >48
3,043 000
2.573,000
1.714,100
2,728,000
1,213,000
4.420,800
2.(593,500
N. Y
Americ'n Exch'ge.
.State of
than U.
$
4.107.000
10.171,000
2,508,000
647.000
6,674,000 11,233.300
373.800
2,061,800
1,015,800 1,101.400
14.811,400 6.933.000
2,7fi7,700
604.400
4,929.000 1,212,100
1,709,200
4o3,3i)0
l.OOo.OOO
84.000
971,300
128,400
City
— The following are quotations in gold for various coins
Sovereigns
X
New York
Fifth
52,966
33,642
417,035
$
S
11,578,000
8,510,000
6.784.800
7,872.000
Merchants'
Mechanics'
other
Tenders.
<t
Meridian...
110
46
1»
S3
10
27
6
lia
90
60
—
:
Mascb
THE CHRONICLE.
28, 18t)5,l
^, tt XT
c
s
t
AND
in c
ThelNvanoBa' Hupplbmbnt contains a complete exhibit of the
Cities and of the Stocks and Bonds
of Railroads anil other Companies. It is ntiblisheil on the
last Saturday of every other month viz., February, April,
June, A uyust, October and December, and is furnished without extra charge to all regular subscribers of the Cheoniols,
Extra copies are sold to subscribers of the Chbosiolb at 60
cents each, and to others than subscribers at |1 per copy.
Funded Debt of States and
—
ANNUAL REPORTS.
Union Pacific Railway Company.
{For the year endint) Dectmler 31, 1884.)
Comments upon President Adams' annual report will be
found in the editorial columns of the Chronicle, and the
result of the annual nieetinp; and the accounts with the
Government on a following page.
The complete annual report will be ready in a few weeks
from the summary presented at the annual meeting the
abstract below has been compiled.
The results of the last six months of the year 1884, as compared with the first si.x months, are very striking for although
it is well known that the last half of the calendar year, with
all the northern railroads, is much better tlian the first half,
still the Union Pacific exhibit of a surplus over all charges of
$3,346,099 for the six montlis ending December 31, against a
net deficit of |388,614 in the six months ending June 30, is
so remarkable as to be unique among recent railroad returns.
The report says "It is necessary to bear in mind that the
various measures of economy, which had been matured and
entered upon during the first half of the ye^r, did not produce
their effect until the second half.
Before the close of tlie first
half also, the work of construction then going on had been
practically brought to a close. The better financial results of
the last six months, therefore, were largely duo to causes
which originated in the previous six months, but which
developed their effects at a later period. The following is a
condensed statement of the financial results of the year 1884
as compareil with those of the year 1888
INCOME ACCOUNT IN 1883 AND 1884.
;
;
:
:
fariiings (exolndlng St. Jogfph
* Western)
and income from Investments
Expenses aud taxes (excluding
St.
1884.
1883.
$26,205,071
$29,341,010
15,113.053
15,899,401
Income over expenses and taxes
$11,092,018
Expenditures Interest, discount, losses on
$13,441,608
:
securities, sinking fund,
<fcc
Surplus income
United States requirements
"The lu^cunmlatod deflcicnclc», open accouots and dlnputed
credits sinco the consoliilation of 1880 have thus procticoUj
been charged off against the surplus income of 188-1, which liaa
sufllced to meet them all, after paying a dividend of 1'75 per
cent, and yet leave a balance of$l,083,4M 94, equal to 17 per
cent on the company's capital stock, to be added to the aocnmnlated income account of previous years. It is believed Uiat
open or suspended accounts have now been cloMd and
charged off, and the books represent, as nearly as poMible
with so large a concern, the exact condition of the comall
pany's pror)erty. Full details as to all amounto charfced oil
are given in the annual report. They include the sum dl»allowed by the Court of Claims on the company's charge for
carrying the mails since the consolidation of 18S0, the decrease
in value of material on hand, and such l)Ook charges as are
unavoidable in tho accounts of large corporations covering a
series of years.
Tliere is nothing about them calculated to
excite unusual comment."
The not floating debt of the company, as appeared by the
table in the Chronicle of March 8, 1§84, was $8,482,655 on the
3l8t of December, 1883. During the first six months otthe year it
had increased by the sum of $3,417,521 to $6,900,17T During
the last half it was decreased to $8,237,696.
"Tho litigation between the company and the Government,
growing out of the Thurman Act, was brought to a close, so
far as the case pending in the Court of Claims was concerned,
early in January, 1885, while the report
7,591 ,837
7,031, .526
$3,500,180
1,187,110
$6,410,082
1,869,958
$'2,313,070
$4,540,124
was
in preparation,
though not within the year covered by it. Of the two claims
advanced by the company, and at Lssue in the case, one, that
relating to net earnings, was decided in its favor; while the
other, that relating to the compensation to be paid for postal
was decided against it. As a net result, under the
ruling of the Court of Claims, the United States Commissioner
of Railroads finds that the company was indebted to the
Government, to December 31, 1883, in the sum of $916,704.
This judgment, together with the Government requirements
for the year 1881 under the Thurman Act, the company is prepared to discharge as soon as the exact amount can be stated.
It will be between $350,000 and $920,000, and the necessary
fnnds to meet either amount are now on deposit with a trust
cozTipany."
The land sales of the company during the year, after deducting sales canceled, were as follows
service,
:
Union Pacific
Twelve months 1883. ... 805,833
Twelvemonths 1884. ...4,321,012
Increase 1884
3,515,209
.
Amount
Acres.
Joseph
Western)
3tfl
cienoieB and open book entries of the Iimt and all pnoedioic
years since the consolidation of 1880, aa well oh tho dividend
paid April.I, 1884, of 175 iiercent.
tt t
%^ilxavL& 'gntcHiQtnct.
&
...
,
^Kanicu
218,185
452,566
1,917.876
$1,081,005
234,380
$352,319
from trustees Kansas
Pacitic consolidated mortpaee
for the year ending December 81, 1884,
and the increase or decrease in the items compared with Dec.
81, 1883, were as follows
:
COMPARATIVE BALANCE SHEET DEC 31, 1884.
Tolal surplus income
649,415
616,700
$2,902,485
1.065,197
$5,156,824
4,260,788
Balance of income
$1,897,268
$896,036
" 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 bo paid within the year, instead of during the
six months followmg 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 Railro-id 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
Dridgej company are all owned by the Union Pacific. The
revenue from this source would have amounted to |101,865.
If these two items are added to the surplus for 1884, as given
above' ($2,962,485 - - $245,753 -'- $101,865), the aggregate will
be $8,310,104, which is, as nearly as can be stated, the actual
surplus income of the company for the year. It represents
5'4 ner cent on the company's stock.
"With a view to ascertaining the actual condition of the
company, thorough inventories of supplies on hand and^equipment have been taken, and its books have been subjected to
rigid scrutiny.
All this work has been done within the last
six months.
As 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 aggregate 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,
It has now been increased by the surplus mcome of
1883.
$3,639,841 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-
Inc. or dee.
Jrom
Capital stock
:
Dividends declared
»965,556
The balance sheet
Liabilities.
Balance
Received
Add
Paeifte-s
Amount
Acres.
$2,436,767
6,517,773
1883
$60,868,500
Funded debt
$90,760,582
I.«8S amount lield in the
Kan. Pac. con. trast...
6 587,297
Inc.
8. 6 p. c. currency bonds
Int. accr'd on U. S. bds. $34,105,739
U.
Less amounts repaid by
the company
Inc.
492,047
84,173,285 Deo.
33,539,512
Inc.
333,047
2,012,370
Inc.
555,673
Inc .
Deo.
1,456,697
244.959
7,243
18,781,001
15,324,738
3,337,696
Floating debt
due
Interest accrued not yet
Income accounts
General income
Inc'me used for sink.fds.
Land and trust income..
788,670 Dec.
$9,2S8..'i66
Ino.
2,383.028
14,180,741
Ino
Inc.
$25,852,336
Less deficit of U.
$159,000
1,033.444
591.540
8,466,052
$10,001,037
S. rc-
compnt'd
iiulreni'nts as
with .accrued interest
on U. 8. bonds, Feb. 1
1830, to date
888,904
1,451,215
24,401,121
$222,333,523
Inc.
Ino
.
$9,202,133
$10,073,570
Assets.
Costof
IBO.
$154,959,896
r'd audflxttu'es.
Construc'n cxpdrs. since
consolidation
Equipment expenditures
1,746,048
Ino
since consolidation....
2,212,662
Ino
$158,918,607
Inc
$1,288,490
160,532
77,924
.
$1,526,967
Investments—
Bond.s and stks. of other
railroad companies
.$36,746,790
Inc.
3,732,782
Various other bonds and
stocks
752,534
Inc
3,215.200
620,639
Ino
Ino
.
98,716
Bonds and stocks held in
the Kan. Pac. con tr
.
Miscd. investments
Advances
to
4,250
337,496
auxiliary
coinimnies payable in
bonus and stocks
4,707,935
Denver extension bds. held In 8 f
Fuel, matvrlui aud stores on hand....
Ijand contracts, land cash, etc
Total
*
.
Net increase
46,133,101
407,C0O
1 ,220,612
15,654,202
$222,333,523
after dc'duoting Items of decrease.
Dec.
847,778
Ino.
Ido
$3,325,465
lia.OOO
1,330,952
«,440,0ge
.
r>«Ki
Inc.
Ino .-^10,073,079
:
.
:
;
THE CHRONICLE.
892
CleTcland Columbus Ciuciimati & Indianapolis Eailway.
{For the year ending December 31, 1884.)
The annual report for 1884 remarks "The year has been
marked by great and general depression in all grades of manufacturing, and the agricultural and mining business of the
country as related to this liue has, from various causes, been
•weakened and reduced in the amount of its transportation
considerably below an average yearly movement. The falling
off in gross tonnage is shown to be seven per cent compared
with the previous year, a result which can reasonably be left
to the future for change and improvement. But with the
tonnage off but seven per cent the gross earnings fall behind
twelve per cent and at this point there arises an anxiety, which
is none the less because circumstances prevent adequate remedy. Increased business and improved and enlarged facilities
for its transportation shall count as nothing to the railway's
prosperity, however pmdent and watchful its affairs may be
:
conducted, so long as the rates of transportation continue to
i^ei-sistently cut and reduced, falling far below
any figure that could be considered as remunerative, or yielding
even the cost of service." * * " Sixty-five per cent of the year's
freight traffic is through, and it has yielded a receipt of an
average gross rate of 0'525 cents per ton-mile. The local tonnage gross rate corresponds therewith, having fallen to an
average of one cent per ton-mile. The entire freight movement of about four hundred million tons has yielded an average gross rate of but 0'633 cents per ton-mile, and the average cost rate is 0'516 cents per ton-mile. The profit is thus
0-117 cents per ton-mile. These rates of freight receipts are
at a lower point than has heretofore been reached, and the
costrateper ton-mile is nearly at a minimum." * * "Riglitfully, competition and protection must be joined to ensure
stability of the railroad interests of the country with an
adequate enforcement of just rates.
" Referring again to the statement of comparative results
for the year, the passenger traffic shows an improvement upon
the freight, and the volume of tlie through passenger business
has been increased, with a slight decrease in the average rate
be steadily and
[Vol, XL,
1881.
IHstntrsementsIntere«t ondeht..
Taxes
Dividends
Misccllaueous
1882.
1883.
$
475,218
112,688
498,615
121,378
""263
12,313
1884.
507.453
125,144
(2)299,984
26,995
602,540
119,104
102,633
Total disbursem'ts.
Balance, surplus
632,204
588,174
959.576
8-24,277
853,51?
939,923
530,177
244,521
GENERAL BALANCE AT CLOSE OF EACH FISCAL TEAH.
1881.
Asttls—
$
Railroad &cquipm't. 18,493,092
Kealest.&wood lauds
!6,03S
8t'ke& bda own'd.cost 2,344,565
Advances toCin.& Sp. 1,721,703
1882.
1883.
1884.
$
18,808,794
25,977
1,643.418
2,159,931
$
1,221,960
190,522
189,381
4,616
1,476,628
183,058
206,893
4,580
19,191,501
22,763
1,647.915
2,433,160
833.138
2,490,172
232,304
230,789
17,949
24,191.886
25,232,624
27,089.694
28,791,691
Stock, common
14,991.700
H'nds(sccSoi'rLEJi'T)
6,408.000
117.450
1,912,062
14,991,000
6.365,000
400,000
483,963
21,187
118,889
2,851,985
14,991.600
7,295,000
745,000
532,590
21,139
123.205
3,383,160
14,991,600
8,S16,00O
631,000
539,450
20,929
166,030
3,626,682
24,191,886
25,232,624
27,089,694
28,791,691
Do
to lud.
& St. L.
Bills iS-nc'tsreceiv'ble
Materials, fuel, &c...
Cash on hand
Miscellaneous Items.
Total assets
Liabilities —
Bills
Hills
payable
audited
Dividends
Miscellaneous
Balance to surplus.
7-23,340
250.000
512,674
.
Totalliabilities...
19, 450,392
21,822
678,048
585,340
095,432
521,955
182,421
237,201
19,080
In 1884 included— Ind. * St. Louis stock, $300,000 second mortgage
bonds, *438,750 equipment bonds, i}'21S,000 Cin. & Springfield second
mortgage bonds, *5'26,iiO0; Dayton & Union stock and bonds, $63,212
Union depot (Columbus) stock, $37,298; Merchants' Dispatch stock,
$40,100, and a tew small items.
t Includes $2,823,585 notes of the Ind. & St. Louis Railroad.
*
;
;
;
Central Iowa Railway.
(For the year ending Dec. 31, 1884.)
The annual report has not yet been issued. From
figiires
supplied the Chronicle from the office of the company, the
following summary of operations and income account for two
years is made up.
1883.
1884.
home
$1,448,259
$1,392,587
business Gross earnings
$J83,665
$862,169
depression is the assignable cause of a diminution of the road's Operating expenses and taxes
Renewals,
54,794
57,372
&o
local passenger business, which in amount falls about nine
per cent below that of the previous year.
Total expenses
$1,033,459
$919,541
" The operating results of the lines controlled by the com- Net earnings
$473,046
$109,800
Deduct—
pany between Indianapolis and St. Louis have not equaled ex$421,795
$331,000
pectations." * * * " These properties, tlie Indianapolis & Interest on bonds
uterest on car trusts
35,835
30,600
Terre Haute roads, liave Jliscellaneous
St. Louis, with the St. Louis Alton
14,603
8,870
now been brought witli their equipment into standard condi8166,998
Total
$375,705
tion, and the large outlay requisite to their practical reconDef. $57,198
...Sur. $97,341
struction, which has been made during the past two years, Balance
2.463
3,514
Bubstantially completes tlie work. On account of these prop- Collections on old accounts
erties for the purposes named there has been advanced by this
Def, $51,634
8ur.$99,804
Net balance
company during the year the sum of $1,087,293. To tlie CinIn addition to the operating expenses, interest charges, &c.,
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 091 on construction and equipment, and in the year 1884 the
additional land, there has been advanced the sum of $163,- following
items.
179." » * *
..-$30,508
" The bonded debt of the company has been increased dur- Construction
226,733
Equipment
ing the year by $1,531,000, and now stands at $8,816,000. The Real estate and right of way
1,379
60,000
cause for this increase, herein alluded to for the purposes of Eastern car trust certidcates
325
i-oUiog stock
Becuring this company's ownership and control of the lines Leased
462
Old accounts C. K. K. ot lo-wa
between Indianapolis and St. Louis, and bringing the same
$369,408
into standard condition for operating, has been fuUy explained
excess of the assets
The floating liabilities on Dec. 31, 1884
in the preceding annual report. This work, which had been
deliberately entered upon during the summer of 1883, is now were $488,533.
substantially ended."
Colorado Coal & Iron Company.
Comparative statistics for four years, not including Cincin{For the year ending December 81, 1884.)
nati
Springfield Division, compiled for the Chronicle, are
From the annual report of Mr. H. E. Sprague, President,
as follows
"Tiie year 1884 inaugurated a
the following is conclensed
KOAD ASD EQXJirMENT.
change of administration in the affairs of your company. The
1881.
1882.
1883.
1884.
desire for tliis change was expressed at the annual meeting of
Miles owned
391
391
391
391
stockholders, held at Colorado Springs the 8th and 9th days of
l/ocoiuotlves
150
154
1()8
166
amount of stock represented was 88,407 shares,
Pa88.,mail&exp. cars
93
110
120
119 April. The total
The very
FreiRhtcara
4,032
3,947
3,880
3,799 of which 57,635 shares were in favor of change.
Coaland other cars..
1,287
1,452
1,460
1,422 hopeful statements, as contained in tlie various annual reports
issued since the organization of your company, have failed to
OPERATIONS AOT> FISCAL BESULTS.
produce the promised results as therein expressed." * * »
1881.
1882.
1883.
1884.
OperationsThe following are the earnings and operating expenses for
Passengers carried...
899,330
1,035,764
976,468
938,647
Passenger mileage... 41,689,179 44,759,982 43,548,617 42,176,610 the year ending December 31
Kate ^ pass, f mile
3-159 ets.
2-235 cts.
2-217 cts.
2133 cts.
EARNINGS AND EXPENSES.
Freight (tons) moved 2,880,923
2,755,867
2,527,993
2.347,792
K^et
Gross
Freight (tons) nuFge. 480,723,710 447,411,484 408.436,350 397,678.278
Earnings.
Earnings.
0-671 cts.
0-706 eta.
0-751 cts.
Av. rate ^ ton $ mile
0633 cts. Cool department
$60,026
$729,331
Earnings—
*
$
$
$
118,949
359,764
deiiartment
Passenger
899.918
1,000,270
965,693
899,435 Coke
Loss 63,553
923.011
Iron and steel department
Freight.
3,223,356
3,1.59,417
3,008,717
2,518,873 Iron mines department
447
39,567
Mail, express, &o.. ..
165,076
178,788
178,697
182,038 Real estate department
10.630
27,532
4,692
4,692
Miscellaneous earnings
Total gross earn'gs.
4,290,350
4,338,475
4,213.107
3,600.346
$131,191
$2,088,900
Totals
Operating expensea—
$
$
$
$
$313,307
$4,122,145
Mafnt. of -nay, &c....
600,422
678,638
661,559
592.227 Totals In 1833
ACCOUNT
1884.
INCOME
Maint. of cquipmeut.
513,478
513,999
611,459
431,999
$131,191
Transport'n expenses 1,697,346
1,648,685
l,6e2,542
1,649,.517 Net earnings
6,753
MisceUaneoUB
155,923
122,456
82,823
83,006 Add income from Investments
compared with that of
1883.
The
effects
of
&
I
'
&
,
•
&
:
.
Total
Ket earnings
2,967,169
1,323,181
2,963,778
1,374,697
3,018,382
1,194,725
2,756,749
1883.
1884.
843,597
INCOME ACCOtTKT.
1881.
$
1882.
R^avnis
Netearainga
Eentala and Interest.
MisoeUaueouB
1,323,181
86,271
1,374,697
103,125
94,305
1,194,725
32,240
129,497
165,531
843,597
211.396
13,805
Totallncome
1,441,692
1,572,127
1,489,753
1,068,798
$
*£
^s
Total
Less interest on bonds
Less interest, discount and exchange
$137,944
$209,940
9,885— 319,825
Deftolency
Royalties earned and credited to coal, coke and real estate
capital account* during the year, Included in operating ex-
pensea
$81,880,
$54,172
In the real estate department the earnings are from rentals,
and contain no receipts from sales of real estate, and tlie expenses are the general operating expenses, including mainte-
—
;
MaBCH
nance and repairs of houseR,
"The
deficit
if
irrigation, etc.
The
sales of real
12,!ilO.
from Ioshos in the iron and
The embarrassment of the Denver nnd Itio
in eiiruings arises
department.
steel
Oninde lliiilwny. leading to default in the paymoiit of inierest
on its bonds, sti>p]M'd all income from these Hecurities held by
your company, which ropresentoil an important item of
revenue in ixvst years. The strike among tlie miners (hiring
November and ifecember interfereil with the usual receipts
from coal and coke,"
The report gives an account at length of the effects on its
businrss of the strikes at the company's mines, and the ilepression in the iron trade, which will he found of much interest to
American Bell 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 compared with twelve months endins; 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
EAJtNINOS.
IS"!.
1SS3-94.
12 mot.
10
mult.
$1,695,678
,
Rental of telephones
17,969
Sales or instruments and snppltes
4,337
Royalty from manufncturers
440,923
Dividends
4,5,S19
Comml«8lun from extra-ter. and. Br. lines
12,305
Commission from telegraph business
Interest
78,059
$1,03:.. si8
$2,293,594
$2,067,343
Total
."••803
317,S87
58,109
11.290
38,001
EXPEN8B8,
Expenses of operation
Legal expenses
and taxes
Depreciation
$172,909
129,893
129,883
24,120
354,856
12,500
Interest
Commission
Royalty
$320,162
Total
Neteamines
Balance of inpome from previous year
Miscellaneous Items to surplus account
$1,763,068
$1,152,252
$1,051,179
28'^.063
323.6.53
334,441
348,884
$l,7i;3,968
$1,734,804
ASSETS AND LIABILITIES DEC. 31, 1884.
Aisets.
Ziabililiet.
Telephones
$558,319
Stocks
Capital stocli
Loan of '82 (conv'tible)
Bills and accounts pay-
22,125,173
Merchandise and machinery
Lines
18,851
re-
ceivable
Cash and deposits
$24,006,044
Total
I
$9,602,100
3,600
the old plan of reorganization of the BuiTalo Mow York ft
Philadelphia Company haa been alAndoned, and portiea interested in the roa<l are engaged on a new soheme to meet th*
views of the Amsti>rdam holders. The new soheme includes
the issue of an income Ixmd, and will probably be more favorable to the stockholders than the other.
Canadian Pacific.— The earnings and expenses for February,
and for the two months from January 1, have been:
.
Total.
(profit
9,540.120
3,225,478
61.297
$1,057,112
.$24,006,644
Of
this amount $288,063 is the dividend payable Jan. 15, 18$5,'to
stockholders of record Dec. 31, 1884.
GENERAL INVESTMENT NEWS.
At<>hison Topcka & Santa Fe.— The Boston Herald says
that the $5,000,000 6 per cent bonds were placed through
Baring Bros, of London, the •'J;.i,000,000 including the $3,500,000 taken by Kidder, Peabody
Co. about a year ago, as published some months since'. The bonds were placed in London
at 107 Hat, equal to about 103 and interest here, from wiiicli it
is inferred that the company realized at least par.
The new
issue— that is, the last ^^.'iOCOOO is secured by the following
bonds of branch lines deposited with the Boston Safe Deposit
and Trust Company as trustee
New Mexico & Southom Pacific 2d mortgage 6»
$605,000
New Mc.tli'o Railroad 1st mortgage Pa
440.000
Florence Eidorado & Walnut Valiev Ist mortKase 78
278.01)0
Kansas City Emporia & Southern 3d mortitage 69
130.000
Pueblo & Arkansas Valley 2d mortgage 6s
1,300,000
1H85.
$324„')41
363,905
673,212
$66,423
Netearnlngs
New
Central of
:
Total
$2,753,C0O
made
a basis for a
just placed
for construction upon
offered directly to the
lo.an
28.—^
14i4.
$199,203
78S,880
$139,327 $151,128
def.
f260,597
l»
bv the Cen-
& Reading.— It
known whether
the payments duo April 1
Jersey will be met by the Philadelphia & Reading
Company. Counsel for the receivers of the Reading Railroaa
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 state*
Reading would lose valuable rights
that the Philadelphia
and sacrifice collaterals held by Mr. Little unless the payment*
are made. The floating indebtedness of Jersey Central 10
stated as about $1,600,000. The amount of interest upon the
consolidated mortgage of the road due by the Jersey Centra*
April 1 is $203, .500, besides interest of $48,000 on miscellaneous,
TTliere also falls due $170,000 of tho principal of
obligations.
car trust certificates, and $170,000 must be paid to preserve the
right to take out writs 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 dischargo
the above obligations. The Jersey Central earnings during
December and January are said to show a gain of $1.58,000 over
the same months a year ago, and if the coal trade continues
prosperous during tho 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'
not yet
traJ of
New
&
—At a riieeting of the directors of the Central of New Jeraej'
the reply of President Koim to the inquiries about the payment of the April interest on the consolidated bonds and of
the unpaid taxes was read. It was to the effect that the receivers had applied to the courts for authority to pay the obligations of the lease, and that they hoped to have a favorable
motion to
decision before the April interest should be due.
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 annual meeting was held, and President C. P. Huntington sub"The gross earnruitted his annual report, in which he says
ings for 1894, instead of showing, as we had hoped, a handsome increase over 188.3, have fallen off about 10 per cent,
and the net earnings nearly 30 per cent. The precise figures
are as follows Gross earnings, 1883, $3,906,791
1884, |3,.588,605 ; operating expenses, including taxes, for 1883, $8,599,033 ;
for 1884, $2,463,720
earnings over operating expenses for
This shrinkage is only
1883, $1,806,8.58: for 1884, $1,07.5,884.
to a slight extent due to the loss of business consequent upon
saw-mills and
furnaces,
the stoppage of coal and ore mines,
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
the business.''
A
:
;
;
Chicago
since July
&
1
Eastern Illinois.— The gross and net
have been
:
upon the company's
—
Total seven months.. $!>84.776
eammga
yet Earnings.^—.
1883-4.
Gross Earnings.
1893-4.
1834-5.
$S71,ft49
.
July 1 to December 31. ..$857,742
127,034
January
—
The above bonds were issued to pay
the roads named, and instead of being
def.
.Tan, 1 to Feb.
.
Jersfty— Philadelphia
&
public, they are
February.
1884.
$224,633
,
1889.
:
516,935
able*
Patent account
and loss)
681,493 ProUt and loss
520,536 Reserve
Surplus
10!!,370
and .iccounts
some 1175,000, and probably by a ihrlnkage of the loM on
account of the Sonora road.
nnfTulo New York tc Philadelphia.— It is raportod that
of
report the facts.
$1,175,431
168,081
91,291
$1,734304
Total
Dividends dcch'ired
Extra dividend Dec. 15. 18S4
Carried to surplus account
Balance to Income account
Bills
393
$-100,677
Orots earnings
Operating expenses. 334,154
the stockholders.
Total
>
THE OHRONICLEI
38, 1886.]
estate aiuouiiied to
—
,
1884-5.
125,424
$100,090
54,647
$454,018
51,220
$397,373
$454,737
$306,238'
Chicago Milwatikee & St Panl.— At the
meeting
per cent on the
directors'
York, March 26, a dividend of H^
stock was declared, which, with the 3V.^ paid last
October, makes the year's dividend 5 per cent. The following
circular to stockholders was issued:
For five s'lccpfslvc yc-trs this company has earned and paid to Its
slockliolders 7 per cent" in divldemls on both the preferred and common
stock; and the ciiruings for the year I.8Slshow net Ciinilnns cimlvalent
to 7 per cent on l)otii class s of the stock, out of which tln;re has been
alrmdv paid :!>« i>ir ont. It has liocn the desire of our company to
coutiniio tlie .s.inie rate ot dividends for the future. At a meeti'ig of the
Board of Director* tliis question was fully considered, aud the policy of
in
New
common
reduclui; the ilivlilend on the
common
stock to 5 per cent has t>cen
fait that
tne total numt)er of deterniincdiin as conseri.atlve and ludlcians. in view of the
tloating debt of three and one-Iia f million of
collateral 63 outstanding $12,135,000, and increase tlie interest the companv owes a
dollars, which .'liould either bo paid -r otherwise liquidated liefore a
charges of the Atchison company by $150,000, The finking return to a higher rate of dividend takes place.
The execUent eimdltion of the property, it.s low cOSt, and the gmwtn
fund requirements are increased by $33,000, but purchases for
wMeh the r<M»« passes, give
the sinking fund during the year will, in turn, reduce the prin- and development of the eonntiy through
great confideiiec to the olrectors in its future. Income.
cipal, and consequently the interest. The purchases on this acThe directors fiel the iHiportaiwe ot economli'al and conservative,
count in 1885 will be $133,000. In the event of the Atlantic
managem.'-nt, and they hope aud lielU ve that the policy now adoptea
Pacific failing to earn the interest on the Mojave division bonds will meet the approval of the stoekhoiders.
Alrx. Mitciiki.l, President.
this year, the Atchison guarantee will add, say, $103,000, 75 per
James M. McKisi.ay, Assistant Serretary.
cent of the full interest, $318,000, to Atchison's interest charges
Fort Worth & Denver City.— The earnings and expenses far
compared with 1884. The amount is fixed .at 75 per cent on February, antl for the four months from Nov. 1, have been:
the assumption that three months' interest on these bonds be^'ot I to Feb. 28.—
Februarv.
1884-.'<.
came a charge in 1884. Probably $375,000 will more than
1184.
1855.
Jl^-*^,
Wo;.]"??
$28,286
$24,519
cover the .added interest obligations of tlie company in 1885, Gross earnings
*'32'i?«
,VA<e
57,211
21,338
15.100
This will be offset in part by a heavy reduction of pool bal- Operating expenses
$54,S2C
ances, which went against the company in 1884 to the amount
~$6,953
$51,983
$9,419
Neteamingg
own
bonds.
The bonds
make
&
.
'.
.
.
•
THE CHRONICLE.
394
Northern Central.—The earnings and expenses for Febfrom January 1, in 1884 and 1885, have been:
East Tennessee Virginia & Georgia.—The gross and net
1 have been as follows:
ruary, and
earnings since July
,
July 1 to Dec. 31
January*
February
Gross Earnings.
1883-84.
1884-85.
.
$2,129,343
287,326
311,894
$2,308,985
317,988
320,392
$2,728,563
$2,947,365
[Vol. XL.
Net Earnings.
1883-84.
1881-85.
$855,039 $1,072,063
77,937
172,925f
114,795
111,878
,—
Februanj.
1884.
1885.
.
Grosseaminga
OperattDg expenses
....
Net earnings
Total8moe
Not including the first six days
was not operated by receiver.
I
$1,139,842
$1,264,795
in 1885, during wliich time the road
Receiver incurred only such expenses as were absolutely necessary.
—
On the 15th of April next the State of
put upon the market $3,455,000 of five per cent
Georgia State Loan.
Georgia
-will
thirty-year coupon bonds.
Houston & Texas Central.— It is reported that Mr. C. P.
Huntington's proposition to the holders of Houston & Texas
Central bonds, now under consideration, is to fund the coupons for two years on all the bonds into five-year debentures
bearing 3 per cent interest, and then scale down the interest
on the first mortgage bonds to 6 per cent, on the second to 4
per cent, on the third to 8 per cent. The bondholders' committee are said to be willing to accept these terms, except that
they insist on five per cent interest on second-mortgage
bonds.
&
Mempliis
Charleston.
—A press dispatch
from Memphis,
March 24, said "The large New York bondholders of the
Memphis & Charleston Railroad, who hold a large amount of
overdue and unpaid coupons, today filed a bill in chancery to
have a Receiver appointed. This method is taken to wrest the
Memphis & Charleston Railroad from the East Tennessee Virginia & Georgia Railroad Company, which has a lease of the
:
Assets.
Liahitities,
Cost of road & equip. .$ 70,814,932
Btochs and bonds ot
other coiupaniea
35,754
Capital stoclc, comm'n.$28.000,000
Capital stock, pref.... 22,000,000
Due by companies and
450.884
106,539
311,595
100,787
30,134 Due companies and
individuals
$389,049
252,230
$808,458
551,991
$793,265
488,714
$119,676
$136,319
$256,467
$304,551
and
.Tauuary
February
Total 2mo8..S
353,222
$7,000,960
ERIE.
-Net Earnings.1885.
1884.
,
$990,574
830,459
$1,166,136
1,124,579
$1,821,063
$2,290,715
As
to the lines west of Pittsburg and Erie, the monthly reports issued in 1884 and for the current year show the results
below.
The company's returns, however, state a loss for the
two months in the present year, compared with the year 1884,
of $7,929.
LINES WEST OF PITTSBURG & BRIE.
Nti SurtUus over alt Liabilities.
1884.
1885.
.lanuary
Inc. 33.136
Def. $73,420
Def. $106,556
February
Def. 190,780
Def.
150,051
Dec. 40,729
Def. $264,300
Dec. $7,593
Def. $250,007
—The Pennsylvania
Railroad directors have agreed that a
stock vote shall be taken on June 30 on the question of approving 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
States Court in Philadelphia, informed all the lawyers interested 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 February, went so far as to say he would allow only sixty days
longer to the managers to perfect their scheme of reorganization.
"This indicates that the suit of the general mortgage
bondholders will be pressed unless a speedy adjustment of
•
&
Reading
Funded debt
2 ',046,000
Loans & bills payable. 2,850,000
Interest on fund, debt
due and accrued
623,140
Due lor wages, supplies, &c
617,444
.
1885.
$398,613
278,937
lines east of PITTSBDRO
Gross Earnings.
1885.
1884.
$3,277,522
$3,574,233
3,075,703
3,126,733
Total 2 months
—
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 & Michican 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
yearly instalment of .$400,000 on the principal not being due
The net floating debt on Dec. 81, 1884, as
till October 1, 1885.
shown in the balance sheet below, appeared to have been
about $2,886,000, and the earnings since then have probably
The issue of second mortgage bonds is for an
been small.
authorized amount of $10,000,000, of which only $1,046,000
have
appear to
been outstanding on Dec. 31.
GENERAL BALANCE SHEET DECEMBER 31, 1S81.
-Tan. 1 (o Feb. 28.
1884.
Pennsylvania Railroad.— The gross and net earnings in
February and for two months, are 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.
former road."
New York
.
,
affairs is
23, said
:
made.
Western.— A dispatch from Pittsburg, March
"The Mercantile Trust Company, H. W. Ford and
Pittsburg
i&
C. Buckley, all of New York, trustees of mortgages
amounting to $9,000,000, given by the Pittsburg & Western
and Pittsburg Bradford & Buffalo railroad companies, made
Cash on hand
inCash remitted by agts
dividuals
141,303 application before Judge Acheson, in the United States Disand in transit
51,535
trict Court, this morning, for the appointment of receivers,
Cash -with Un.Tr. Co...
447,070
$74,277,887
and James Callery and John W. Chalfant, of Pittsburg, were
Amount held l)y equip.
bond trustees
designated by the court. The proceedings, which were agreed
590.237
Due by U. S. P.O. Dep't
5,963
to by the stock and bond holders and all persons interested,
Profit & loss (defi'cy).
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,
$74,277,857
and executions for $50,000 have been issued. A permanent
New Yorli & New England.—The American Loan & Trust master
will be appointed later to take charge and audit the
Due l)y amenta
Due by others
Supplies on hand
Company
of Boston has issued the following circular to the
holders of New England car-trust certificates relative to the
proposition made by the New York
New England RaUroad
&
Company:
Boston. March 23, 1885.
The undersigned have been directed by the board of
New England Car-Trust Association to give you notice
unless the exchange heretofore recommended by them in a circular
Dear
Sik
managers
that,
:
of the
dated .June 27. a copy of wUch is herewith enclosed, is made on or before 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
win pay but a limited dividend upon the certificates.
Under these circumstances, it is of the utmost importance that you
immediately notify the undersigned whether or not you desire to make
the exchange recommended.
Amebioak Loan & Trust Co., Trustee.
By E. H. Baker, President.
Thomas
accounts of the receivers."
—
Slienandoali Valley. An informal meeting of the heaviest
holders of the Shenandoah Valley Railroad bonds was held at
the company's office in Philadelphia. The chairman was
given instructions to appoint a committee consisting of three
first mortgage bondholders, three general mort. bondholders,
the President of the company, Sidney F. Tyler, and himself, to
examine the affairs of the road and determine what course
should be adopted to insure the interests of the bondholders.
Tlie action was taken with a view to the general reorganization of the company.
The Huntington Railroads.—The gross and net earnings
month of January, 1885 and 1884, were as below:
in the
Louisiana Western...
exas & New Orleans
Gal.-Harri8b.dj8. A..
Gross.
Net.
Gross.
Net.
$39,828
65,074
211,096
$20,821
41,365
128,327
$50,600
94,986
254,134
$29,755
57,612
231,124
New York YC^est Sliore & BulTalo.-The Times reports that
five well-known gentlemen were selected
by the Bondholders' Committee some time ago to perfect a
Wabash St. Louis & PaciHc.—At Keokuk, Iowa, March
financial plan which would be, if possible, satisfactory to all 20, the trustees of.the flr.st preferred income bonds of the Toledo
of the varied interests in the West Shore property. 'The names Peoria & Western Railroad, which was leased to the Wabash
of the five gentlemen were R. (i. Rolston, President of the in 1880, began suit in the United States Circuit Court to foreFarmers' Loan & Trust Company Hugh Riddle, of the Rock CloSG*
Island Railroad William Dowd, President of the Bank of
petition was presented to Judge Gresham as] Judge
North America Robert Harris, President of the Northern of the Circuit Court of the United States for the Southern
Pacific Railroad, and Hugh J. Jewett, late of the Erie Rail- District of Illinois, by Thomas B. Coulter, of Hansen, Neb., for
way. Mr. Rolston and Mr. Riddle have declined to serve on leave as trustee to file a bill to foreclose a mortgage made
the committee. Mr. Riddle's declination, it is stated, was on Dec. 26, 1879, by the Havana Rantoul & Eastern Railroad
account of ill health. Mr. Rolston's unwillingness to serve is Company, on account of default in payment of interest.
said to be due to objections raised by members of the board of Judge Gresham entered an order calling on the parties
directors of the trust company. It was stated that Mr. Dowd, interested to show cause in ten days why leave should not be
Mr. Harris and Mr. Jewett, had agreed to act, but that no given to file a bill for foreclosure, for the appointment of a
persons had been found to take the places of Messrs. Rolston receiver for the Havana Rantoul & Eastern road, and to
and Riddle.
forfeit the lease to the Wabash road.
1
a Bub-committee of
^
-1884.-
1885.-
Jantmru—
;
;
;
—A
:
JdARCu
.
THE CHRONICLE.
28, 1880.J
b9d
COTTON.
ghe ©ommertial %imt5.
Friday, P. M., March 27, 188S.
Ckop, as indicated by our telegrams
from the .South to-niglit, is given below. For the week eodtag
this evening (March 37), the total reoeipM have reached 38,810
bales, against 83,880 bales last week, 43,581 bale* the previooa
The Movkmbnt of
COMMERCIAL EPITOME.
tiir
Friday Nioht, March 27. 1885.
The weather for the flret half of the week under review week and 50,866 bales
three weeks since: making the total
was the most severely wintry that has been experienced bo receipts since the Ist of September, 1884, 4,S51,176 bales, SftiiiiMt
proving
great
obstiiclo
years,
a
many
to
the
for
bales
for
4,583,570
the same period of 1888-84, showing a
late in March
progress of seasonable trade, again filling our harbor with ice,
and presaging a late season for sowing and planting in all
A material change has, however, since then taken
latitudes.
place, and as the week closes the temperature is quite spring-
decrease since September
like,
the conditions promising a speedy resumption of planting
The warlike advices from London have caused a
revival of speculation in food staples, without, however,
Now
operations.
Mobile
stimulating to any great extent the export movement in them.
Political news from Central America continues to promise
important results, possibly involving other Powers in protecting private and corporate interests.
Labor troubles are not
very prominent at the moment, but there
is
much
discontent
and uneasiness.
Lard futures have been moderately active, but efforts to
advance speculative prices have not been successful, and the
close this afternoon is at 7'17c. for April, 7'34c. for May, 7-30c.
for June and 7'37c. for July. Spot lard favored buyers early in
the week, but closes more active at 7@7"05c. for prime city,
7*20@7"22)^c. for prime Western and 7'40c. for refined for the
Continent. Pork declined early in the week, but has latterly
been in good request at |13 25 for mess, |14 50@$14 75 for
clear and $10 50@$11 for extra prime. Pickled cutmeats have
continued somewhat depressed, closing at C@6^8C. for liellies
5i^@53gC. for shoulders and 9ig@9J^c. for hams. Smoked
meats are quoted at lOV^cSllc. for hams and 6J^c. for shoulders. Tallow at a slight reduction was more active at Gc. Butter has further declined, and closes at 30@38c. for new creamery. Cheese is lower and quoted at 7@12c. for State factory.
Fresh eggs have declined to 15@ 16c.
Large orders have been received by the Western packers
from the British War Department for corned beef, and the
prices of beef in bbls. and tcs. are thereby hardenoJ, but no
advance is yet quoted. The following is a comparative summary of aggregate exports from Oct. 27 to March 21
Bacon, lbs
2O0,7!)4,828
1883-4.
18,25'Z,400
174,937 ,011
Lard, lbs
123,157,722
87,558,887
1884-5.
21.^91.400
Pork, lbs
18S5.
3,f.3!t,000
Inc.
luc. 31,8.57.817
Inc. 34,598, 8a5
at—
JteeelpU
Sat.
1884. of 81,394 bales.
1,
iron.
Wed.
Ttttt,
Thur$.
iW.
77
199
139
«2
631
80S
53
1,480
3,200
8
1.8M
2,827
61
1.038
291
579
5S0
264
Qolveston
212 "1,300
25
25
luilianola, &o.
Orleans...
227
49
Floridii
260
Savannah
2<tl
171
338
Brtmswlc, 4o.
131
Charleston
Pt Royal, Ao.
Wilmington
....
Moreli'd C.,&o
Norfolk
Woet rolnt.&o
181
554
ae
SO
525
8S8
150
12,037
684
S8»
l^SS
8
8
524
2
38
2,806
2
287
3
3
083
462
638
259
350
733
753
3,125
New York
67
195
277
283
93
101
97
281
61
Boston
Baltimore
608
72
1,203
1.001
15
1,557
Phlladelp'a, &o.
1,361
Totals tlila week
3,801
For comparison,
3.558
5.382
5.9301
4.840l
60
15
69
3.067
S.299
28,810
total receipts, the total since Sept.l, 188
1884-85.
Thia
Week.
Uanh
...
1,300
Ind'noIa,<&o
25
New Orleans.
12,037
tJalveston
1,
and the stock
Florida
Savannah
1,896
8
2,306
2
Br'Bw'k.&o.
Oliarloston...
Pt.Koyal.&c
Wilmington..
287
M'hcadCic
3
Norfolk
W.Point.&o.
New York...
.^,l25
Boston
Baltimore
1883-84.
Bince Sep.
ThU
1,1834.
Week.
449,071
10,410
1,156,188
225,875
75,905
697,784
9,708
50G.111
6,271
93,031
9,585
535,170
272,610
60,391
77,6£0
25,970
39,453
694
539
Mobile
15
we give the following table showing the week's
and the same items for the corresponding periods of
Receipt* to
27.
759
759
1,^03
1,004
15
3,007
stock.
Sliiee Sep.
1,
to-oigbt,
last year.
1883.
3,661 578,097
37
8,349
18,137 1,461,715
1,603
243,787
828
10,974
3,362 639,941
100
7,784
6,317
415.149
13,237
5J3
89,665
78
12,387
5,902 564,159
210,147
1,937
1,291
95,960
3,208
147,597
401
20,333
5,103
27,289
1885.
1881.
19,181
23,647
•••>
11
248.067
21.683
223,787
23,502
2
20,358
13.009
13,889
2
1,320
23,804
15,345
6
352,070
6,310
14,663
11.419
17,103
5,321
346,061
7,510
13,025
17,450
Coffees have been more active on the spot, the trade having
purchased quite freely at full prices, fair cargoes of Rio being Pluladel'a,&o
quoted at SjJ^c; and in speculative options there was mucn
28.810 4.551,176 52.a84'.l,582.570 701,854 739.604
Total
activity on VVedne-sday and Thursday, prices advancing
In
order
tl
[lat
com parison enay be made wit h other years, we
sharply, but to-day there was some re-action, under unfavorable advices from the Continent, and the close this afternoon give below t he total s at leadi ng ports for six seasons.
is
quiet at 7'25c. for April, 7-13c.
for
June and
7'C5c.
for
. .
—
Receipts at
August. Raw sugars were depressed early in the week, witti
fair to good refining quoted at 4 11-10@4 13-16c., but the close Galvest'n.&c.
is steadier and more active.
Refined in light demand, but New Orleans.
steady; standard " A" 5J^c., crushed 6J^c. Molasses has been Mobile .!
more active, but under the pressure to sell prices gave way to Savannah
n^^c. for new crop Cuba .jO-deg. test, but there is a recovery Uharl'st'n, &o
to-day to 18c. Teas have been dull and drooping and close Wilm'st'n,&c
unsettled.
Kentucky tobacco has met with a fair demand at steady
prices lugs, 5}4@'!}4<i. leaf, 7@ lie. Seed leaf has moved off
quite briskly, the sales for the week aggregating 1,356 cases,
as follows 300 cases 1881 crop, Pennsylvania, 6@llc.; 350
cases 1883 crop, do., 8>^@18c.; 150 cases 1883 crop, State
Havana seed, 8@20o.; 54 cases 1881 crop, do., p. t.; 150
cases 1883 crop, Wisconsin Havana, 8}/^@'65o.; 53 cases 1883
crop, Ohio, p. t., and 300 cases sundries, 5(a38c. also, 300
bales Havana, 75c.@$l 15, and 1.50 bales Sumatra, $1 10{aif;l 60.
Petroleum has been active for speculation in crude certificates, with prices at times quite buoyant on reports of a
reduced flow of the wells; and the close this afternoon is firm
at 83?^c. Crude in barrels quoted at 7@7i^c.
refined in
barrels for export, 778C., and in cases, 8)^@10i^c.; naphtha,
7c.
Naval stores have been depressed by the war news, as
they are •' contraband of war." Spirits turpentine closes dull
at 31}^c., and strained rosin, |1 30@$1 23"^.
Metals have been quiet, except a moderate speculation in
Straits tin.
To-day Dig iron certificates were dull and
depressed bids $;15J4'@|16»8. and |165^(a|16j8 asked. Tin
quiet and steady at 17-35@17-45c. spot, 17-15@17'30c. futures
10 tons March sold at 17-40o. 10 tons April, 17'35c. Tin plate
nominal
i|4 40 asked.
Copper weak, closing steadier at
:0-40(a lO-COc.
Lead steady foreign nominally 4-30@4-53J^c.
Spelter (juiet 4-35c. asked for domestic.
Ocean freights have been rather more active, and to-day
there was a slight improvement in ratw. To Liverpool, grain
4(a4'.id., to London 4J^d. and to Antwerp il4d.; also, to
Liverpool, bacon and lard, 15® 173. Cd. and cheese SOs. Late
grain charters are hence to Cork for orders at 33. lO^d. and
from Baltimore,. 33. 9d, Petroleum charters have been dull.
;
;
:
;
1885.
|
;
;
;
;
;
1833.
3,701
Norfolk, &o..
All others....
3,881
6,886
18,137
1,603
3,382
6,317
611
7,889
11,234
Tot. this w'k.
28,810:
52,884
684
1,896
2,803
290
1832
12,056
30,900
1831.
4,637
9,945
2,120
1.831
5,763
1830.
10,818
21,297
1,937
6,502
7,947
3,138
21,093
1,065
10,762
6.217
1.130
12,766
12,103
985
194
892
12,556
13,278
7.363
16,121
7.267
7,121
86,999
51,035
78,514
47,393
1,311
2,433
3,792
45 ".1.170 4593.070 5329.782ll290.fi40 50.'>0.62fi'l495.062
Galveston includes Indianota Charleston lnolade.4 Port Soyal, Sk.
WUminitton includes MorcUoail City, Ac; Norfolk Includes West Poiut.4Ee
Since Sept.
1.
;
•
for the week ending this evening reach a total
of 33,788 bales, of which 36,971 were to Great Britain, 3,367
to France and 3,450 to the rest of the Continent, while the
stocks as made up this evening are now 701,854 balee. Below
are the exports for the week and since September 1, 1884.
The exports
IV«*
;
;
1884.
1,325
12,037
Endim March
27.
From
Sept.
Exported to—
Ejpport*
Oreat
Brifn. *Von<«
OMltinent,
Ibtal
areat
Week. BrUaln.
CMveston
New
Orleans..
148,939
Florida
Savannah
Charleston*...
1,049
1,849
Wilmington...
Norfolkt
LO-ll
New York
7,907
Boston
1.2?1
Baltimore ... .
Pblladelp'a,&o
Total
7.470
41,836
8.583
Mobile
1,831
118J73
11,608
stja»
8^60
1,871
86.961
1,958
871
S.120
108. 167
1.430
as
1.4SS
47.013
36.071
8,3*7
3,430
nent.
Ibtet.
318.707
M8.9r7 I.ISO.TM
TOO
163.087
91,187
303.819
333,818
803
130
27. 188B.
Qmtt.
'.France I
006.48(1 t37,as«
2,(ai
10.929
1. 1SS4, to Mch.
Exporttd to—
108.230
143.710
4S.886
8.583
888J30
14.0M
iS4.aes
63.831
6.S75
38.910
33,«T0
187.031
833.M4
48aj8B
3,000
37.001
418
86.87B
4.n9
5*;,4»
33,788 2,068,313 341.133 ~S07.813
SJ*T,in
9.001' 17.!B1 72.797 a.077.8la 4(VVraO
Total ISSSJtl
* tau)lades exports from Fort Bora>> *o.
t ISolades exports from West Point, Ae,
"mbsbi awiioa
V
8
.
.
also give
In addition to above exports, our telegrams to-niglit
cleared,
not
shipboard,
on
cotton
of
amounts
following
the
UB
York,
New
for
figures
simUar
add
»t the ports named. We
which are prepared for our si>ecial use by Messrs. Carey, Yale
& Lambert, 89 Broad Street.
On
AT—
27,
None.
None.
5,732
7,520
5,300
4,000
None.
None.
None.
None.
None.
None.
None.
11,374
None.
4,000
None.
None.
None.
5,250
1,000
38,703
16.685
21,624
Bavannah
Galveston
Norfolk
New Ygrk
Other pbrts
Total 1885.
I^tal 1884
lotal 1883
16,665
14,851
1,300
Mobile
Charleston
24,260
10,331
29,940
65.732
.
.
o3.
5
Leaving
22,150
80.937
Coastwise.
Stock.
Total.
2,630
2,500
1,200
45,540
3,800
5,200
600
474
700
None.
None.
6.206
8,220
10,550
5,000
178,247
19,702
8.689
19,758
12,975
7,125
341,520
28,722
8,104
85,116
616,738
14,646
11,114
600
90,996
168.114
I
I
— - — ~
5£g
SE-g
'•
NEW ORLEANS.
Ordin'y.^lb 9ll«
91,6
9"lfi
BtrlctOrd.. 91,
H'H
9>fl
Good Ord.. 105,8 10»,6 10b|6
G'd Ord
Ixtw Midd'g
Btr.
Btr.L'w Mid
Middling...
Good Mid..
G'd Mid
Midd'g Fair
Fair
Btr.
mou Xues
96,8
93l«
95,8
.
9!!»
MS,
9iSl
96,8
9%
9%
10»,8 10»,6
1011,6 1011,6 1011,8 10i»,fi 1010,6 1016,6
11>4
11
11
11
IIM
113,6 11 •'16 113,6 ll'l6 ll''l6 117,6
1156 115,8 llSfi 119,6 ll«u, 11»6
lllfl
1134
lllfl
1151
11%
IIV,
llUip 1111,6 lliiie 1115,6 lli5,e 1115,6
121,6 12',
121,6 125,; 125,6
1211,8 1211,6 12ii,6 1210,6 121b,6 1214,6
109,6 109,6
1016,f 101*16
11^4
IIV
ll^ie 117,8
119,6 1198
Wed| Tb.
IWed Th.
10«,„
im
1
jWed
Fri,
Tto.
1
Frl.
u\
11%
MM
MM bC
9
9
Qo'o
©
STAINED.
Sat.
im
I
TiOw Middling
MlddUng...."
in:on|Taea|'Wea Tt.
811,6 811,6 811,6 SH
938
938
93^
»5j8
103,
103,0 103,8 1018
lOiSje 1013,8 1013,6 10%
MARKET AND
to to
M-a
I
MM
(X>
Mtt
t-i^
c.:co
C. CO
^
'*
E*-
DuU but
Hon DuU
steady
.
j
Oonr-
tvmp
.
c:
lOV
10%
Total.
484
2
M
I
tt.
-
MCC
„
I
Sto;
j
mSm
MOM
tf.-!*.
2
00
1
a
Sales.
68 15,300
61 37,300
61 32,200
60 77,800
83 60,300
151 44,400
2
tot-*
f
ecu
2
MMO^*rro>r
If-OM
if.i*-0,b.
iCU to
MM
>.
t>
MMcBi-*
J^
'
OCT,
tt
1
tOM
•'
eto:
M a> 01Ci'M
C.C>Coi
to tco;
w
:
I
.
t-
tOX
-M
'•7
to-
?
MM
^^
CO-.
>-i-
"r*-
|>.
<
2
'^
®to'
MMo; M
I
>:"7o>r
fnC;iO^
MM
^'"
>.
2
MM^CM
o
MMCM
jiOa-
tf-O^Oc^
CPCO
M
MM >
MM 9 MM
'^
If-W
«.*-:
I
I
'
sto:
«
1
2
11'4
ll'ie
cr.di
MMQM
O'OiOcJi
o'
a--:c
CSQO
c
7>7c>7
a o 01
c
tt>
*7-r
?
2
MO
I
'T'TO'-.
to
too 10
to
5
2
00
tow
••
mOm mmOm
c-.cj
2.-
MMo":*
9
mV,m MMO<^^
to^f MMc':'
00 ^ CO
9%
oeo
1^
.
70':'
towOw
M
7
CO
"^
s
1
'
:
CO^
o»7
Oto
MM M
MM >
00
00 IJ
obi "
MO 2
Olfc
»
«
MMgoM M
^^^^
OOoO OOoO ©c cC OOoO eooc * oO
I
d
$
MMjjM
:
:
I
'
I
1
•
I
0(X
<l-jO<l
03
>
11%
:
I
doOo
c:o
119?
toe
c:
aim
»
00
sJici
e
too
CsOD
Frl.
8
cooo OCoO
eocJiOw
o
oc
99
y*y^^^
o
I
I
c^
MMO*-*
o
d
I
OOoO
CJiyiO,^
OM
to
^
C;iOi
2
oim
00
5'
cjicji
2
''
COOI
Ilk
KK >
la
MMto^
:
I
OOoO OOOO
cjidjOcil
:jt
00
CJtCJ»
CJicJlOoi
^
MM^M
09 CMoO
t a« o
>
©r-:
_cat ?,
tvCD
-a 00
i
MMO--"
CO OOo? o©o9 OC09
Co.
!,
nv
M
9
M >
b.
<
1
0!-)
9m
]
I
8»16
«>
:
&
'
I
I
I
I
I
I
91
I:
I
a
M
I
Oci
9^
101,6
10ii,6
s ^M
:
M M" M
= 09
09
09 o
ov
Oo»
Oci
CB
I
Fri.
Deliveries.
700
400
300
200
400
600
484 267,300 2,600
dally deliveries given above are aotiwll''
previous to that on wiiloh they are reported.! t^i
,
coto
*>
I
t
1
'
:
I
I
o9
Ooi
K)
1^.
I
I-
I
l«
MMM
&
M
<
I
I
I
8
I
I
I
«:
li
September, 1884, for September, 158,200 September-October, lor October, 421,800; September-Novem!)er, for November,
582,200; September-December, lor Hecember. 967,800; SeptembOTJamiary, lor January, 2,114,100; September-February, for February
"^
* Includes sales in
;
^F" We UaTe
included in the above table, and shall oontlnne eaoh
give, tlie average price of futures each day for each month. It
be found under each day following the abbreviation " Aver.
The
average for each month lor the week is also given at bottom of table.
Transferable Orders— Saturday, ll-40o.; Monday, ll'35c.; Tuesday.
11-30C.; Wednesday, ll-20c.; Thursday, ll-15o.; Friday, ll-lSo.
weei to
will
The
O
5
iJ
Mu,'-'
•7o>:'
tnOcJi
W
2
^<3
fc
MMcnM
MMO't'
o^
(4
VIP
MM
MM 5> MM
MM
rfipt.
h-H
^
M
t^)^
MM > MM
•
MC-.
'-r-
eoo:
I
[>.
5
.-Ji
Olf-Oii^
MM
>
^^or
((.
b.
f»7
wto
MtO
I
MM
Ci
-M
-M
1,959,200.
Total.
61
61
60
83
151
.
"^
MMoM
^0
I
8»e
96,6
<
ai*-:
I
IS::.
68
Very dull
Dull at 1 16 dec.
Tliurs Dull
(Frl.
Q't & st'y.ije dec
'.Tuee
O'QO
CO
too
SALES,
Spec-' Fran
Kl't'n lii.
WCJ
MM > MM
M
<
a*-
t-'i-'io'-'
to
OstOM
Sto;
I
I
<1Q0
109,6
1016,6
BALES OF 8POT AND TRANSIT.
port,
MM
lf'*'M^
M
sito:
9 to:
MMaoM >-'^ '*.»-'
MMC^r '7'ro'r
wcoOu wwOco
93,6
,
CLOSED.
b-j:
^i- MMoiM MM^oM
log
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
glance how the market closed on same days.
BI«T MABKET
c;
f»7
^
k:
*7^
Mo-"
^?£?
MmCm
M03
I
i^Vb.
>
5
aiw:
I
1115,6 1116,6 1116,6
126,6 12&,; 126,8
1216,611216,8 1216,8
llC
i-M
MM f^
MO ®
CCCOm'^
o
loV
Good Ordinaiy.
Btrict Good Ordinary
2
'^
qod:
I
816,8
im
ft--
*^
CTI
mS > tl^
MO ® CO
OQD
9I4
9=4
9>4
914
93,6
93l«
97,8
911,6 911,6 9»H
9IIIP 911,6 96^"
93s
SJ'ift
lOM IOI4 10»,fl lOij 1019 lOTje lOV,
107,6
10l4,6
Btr. G'd Ord 10=8
10»8
10»,8 lO's
1013,6 lOTg
10'8
lO'a
Ix>wMidd-gl0iBi6 1016,8 iCe 113,6 113,6
113,6 113,8 lllfl
Btr.L'w Mid Ills
lllfl
1H1« 1138 H3« 110,6
lisi
ll'^lB
Middling... Ill 14
IIH 113,8 lHa lllfl ll'',8 11>11
117
Good Mid.. 117ia 11' 18 1138 11U,6 1111,8 1168 lliiie llii,e
1108
11 '«
Btr. G'd Mid 11 lis
ll«ie IV's
1113,8
1113,f ll's
11
I2I4
Hida'g Fair 12
12
111^18 I2I4
1214
1214
123,8
I'air
11258
12«16 12'e
12'8
^i^\. l2-'8 12'6 12li,8
12»b
Ordln'y.flb
BtrictOia..
Good Ord..
III
BSJ"so
mmS-
mon Tne«
96,6
S^^
MiioA
TEXAS.
Sat.
c
r'-ros'
I
UPLANDS.
-I
3.
IE2.
o
MM b
for export, 484 for consumption,
484 bales, including
in transit. Of the above, 200 bales
for speculation and
were to arrive. The following are the official quotations for
each day of the past week.
March 21 to
March 27. Sat. inon Tnes Sat.
«O®
S*
E.SK
sp
——
—
O»
GB
WicS'
(Xib
The weather improved on Wednesday,
Oreat Britain.
becoming more spring-like. On Saturday tbere was some
advance, but there were eharp declines on Monday and Wednesday. On Tuesday the next crop made some show of
Yesterday there was a
strength, but it was not maintained.
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;
but later on there was a fresh decline, and the close was
unsettled. Cotton on the spot declined l-16c. on Wednesday.
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
For immediate delivery the total sales foot up this week
bales.
n
IB
a y-sg-?
O
648,698
695,281
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 Eussia and
9^
02.
§
•week under review. The movement of the crop has been
quite small, stocks in our leading markets have rapidly diminished 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
.
"oa-'T.
o=-_
Sttr
There has been a variable and somew hat irregular specuthe
lation in cotton for future delivery at this market for
Wed
[Vol. XL.
The Sales and Prices of Futures are shown by the following 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.
Shipboard, not cleared—for
Oilier
Great
Prance. Foreign
Britain.
New Orleans
•Bat
1
1
THE CHRONICLE.
896
Uabch
»
;
deUvered tte its
'
The following exchanges have been made during the weeki
•08 pd. to exch. 100 M.trch for May
500 Dec. for Oct.
•32 pd. to exch. 500 .\rril for July.
200 May for Aug.
•33 pd. to exch. J. 000 Mar. for Aug.
100 May for June.
•16 pd. to exch.
•26 pd. to exch.
11 pd. to exch.
24 pd. to exch.
•25 pd. to exch.
'20 pd. to exch.
500 April for June.
900 April for June.
200 Uar. tor June.
•06 pd. to exch.
•31 pd. to exch.
500 Apr. for Sept.
200 AprU for Jiily.
—
.
March
.
THE CHRONICLE.
28, 1885.]
Thk Visible Stn»PLY of Cotton to-ni^?ht,
and teleKniph,
na follows.
is
The
m
made up by cahlo
Contitiental Btocka. ns well lut
those for (Jreat Bntain and tlio ullojit, iiro this week's retunw.
and consptineiitly all the Euro|>ean tiKiirt-H are hrou^ht dowrto Thursday evening. But to make the totals the ooini)l(>t'
flguree for to-night (Moh. 27), we add the item of exports frcin
the United StatM. iucludrng in it the exports of Friday only.
1893.
IHHi.
188S.
balM.1,005.000 l.OOli.OOO
85,000
«0,0OO
Rtook at Liverpool
etook at Loiirton
OAA.OOO
63,700
Total ilTi'nt Britain stock .l,0-liO,000 1,132,000 1,018,700
Btook at llanibiirtc.
2,900
6,000
4,000
Stock at lircinrii
09,200
40,600
54,000
Btm^k at AIl^Hr^^^^Iam
29,000
51,000
54,000
StJH'k at Kiittordnm
500
1,000
2,300
Stock at Antwerp
t)00
1,400
1.000
Stock at Havii'..'
214.000 121.000
185,000
.S.SOO
Stock at Marsi'ille*
Ji.OOO
6,000
Stock at Barcelona
84,0d0
59,000
55,000
Stuck at Ueuoa
(i.OOO
12,000
8,300
Btook at Trleate
5,300
4,000
6,000
I'J'i.GOO
Total European stockH
.1.436,100
India cotton atioat for Europe. 1 l<i,000
Anier'n cotfn atlont fi>r Eiir'pe 230.000
20.000
EKJl>t. Brazil. Ac. .atlt for E'r'pe
Btbck in United Statcit ports .. 701.851
l,5,-)7,fiOO
270,700
towns have lieen 10,88*) bniM tett thaa the
last year, ami since S,->|»toiiibnr 1 the Twwlutn
at all the
towns are 149,7.50 bales le/ii than for the same tiene in 188)1-94.
Mme
week
QUOTATIO.N-rt
Stock In U. 8. Interior towns..
United State:* exports to-day.
jti.ooo
73t),(Jii4
141.4J2
128.5:)3
2;:>00
10,000
balM 781.000
2^0.000
230,000
Continental stocks
afloat for
Europe.
..
e4,ttOO
87S,000
2.300
33.200
IjJ.HOO
I.SIOO
122.000
2.ltJ0
35,000
0,000
3.537
225,614
United States stock
United States Interior stocks.
United States exports to-day
7ol.8.i4
145,422
2.500
.
. .
Total American
March 27
7:<9,(>94
]28.5,',3
863. 39.^
10,000
240.980
14,000
551,000
130,000
375.000
861.379
208.4(J2
7. ICO
Egypt, Brazil, *c,, afloat
Uon.
TUM,
moDUDo oonoa o«—
Weditet.
I
nurt.
10\
10\
Orleans,
10%
10 »B
10>s
10%
1011,,
10«a
10>s
10»,«
10>a
10>a
I0>t
10»n
.Mobile
I0\
10^
10\
.
.
CharlcHton
.
.
WIliiilnKton
..
Norfolk
10%
10%
10>>
10l«,«,
11
11%
11
11>«»>4 11>8»H ll>e»k
ll"*
ll"*
111*
10%
10%
10%
Memphis
loia
lOMi
10>«
10%
...
IOOb
10%
10%
10%
10»g
10»8
107;
10%»ih
10%
t0>|
10I8,»
10%
n>»
11%
11%
11%
n't
10%
10%
10><
10%»%
10>a
10T»
im
lOT,
ii>t
10>a
10>a
#w.
lOlg
10%
10%
10%9T, 10%»7,
1139
Philadelphia.
Cluciniiati
Louisville
lOV
10%
10%
11
Boston
Baltimore
lit,,
10%
10%
10%
10>«
10%
10%
10%
10%
10%
10%
Receipts from the Plantations. —The following table ia
prepare<l for the purpose of indicating the ai^ual movement each
week from the plantations. Receipts at the outports are sometimes inLsleading, aa they are made up more largely one year
than another at the e.xpenae of the interior stocks. We reach
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inqtiines we will add
that these figures, of course, do not include overland receipts
or Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
RECEIPTS FROM PLANTATIONS.
Ac
224,000
35.000
107.400
146,000
20,000
280,000
66,000
100,600
169,000
26,000
270.000
63.700
92,700
307.000
35,000
263.000
04.600
95,641
337.000
47,000
532,400
611.600
768.400
807,214
2,15'3,776 2,314,247 2,591,375 2,132,941
Week
SiUUng—
jy The imports into Continental
ports
tliis
week have been
39,000 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 correspondina;
period of 1883-84 is set out in detail in the following statement
—
1883.
1884.
I88S.
1883.
1881.
I
1886.
I
1883.
1884.
]
I
Jan.
9..
«..
B^eb.
18..
90,245 1.33,994
150,.<!00 110,487 130,951
138,400 104.533 93.911
171,316 U3.110 75,293
1«S,869' ni.4Sl 89.783
148,130 105,921 68.821
175,382
M>..
184,4481 65,013'
87..
135,3311 78,487|
124.828' 68,720
Mcb
6.,
13..
a decrease in the cotton in sight
to-night of 384,671 bales as compared with the same date of
1884, a decrease of 668, .599 bales as compared with the corresponding date of 1883 and a decrease of 249,009 bales as
compared with 1883.
fiprures indicate
Sfkat Inttrlor 7bum<. Ree'vitfrom PtatWiu.
Iteeelpti at the Port*.
i
Total visible supply
2,691,176 2,955,347 3,359,775 2,940,185
Price Mid. Upl., Liverpool....
6d.
6d.
S'lsd.
6M.
The above
I
...
Oalvcstoo
New
8atur.
2,158,776 2,314,247 2,591,375 2,132,941
East Ifuiian, Brazil, tfcUveriHwl stock
Iiondon stock
Continental stocks
India afloat for Ktirone
Total East India.
Total American
685.000
179.000
610.000
P*^*"** qt70TATio«» roK
Week endttig
Savannah
1,299,4001, 104, 244
307.000
s:i7.000
610.000
37.'i,0O0
a.i.oCMi
47,000
8i;i,370
863.3S5
208,4i>2
240,980
14,000
7,100
786.000
325,000
325,000
M tRKimi —
18S2.
814,090
Total visible supply
2,691,176 2,955,817 3,359,775 2. 940,185
Of the al>ove, the totals of American iiud other descriptioua are as follows
American
POK MiDDLI.no COTTO.V AT fnilKR
In the tablo Iwlow wo give the closing (juoUtlons of middling
cotton at Southern and other principal cotton markets for eaab
day of the part week.
Bt. I^>iiis
IBii.OOO
325.0(K)
897
mme
the
Au>(Urtla
396.400
Total Ck>ntlnontaI stocks
Amerteati~
Uverpool stock...
V
1
80..
87..
49,878
111.881J
105,0a3j 42.835|
88,999; 5a,8S4i
880,248 889,898 880,785 171,963
387.967 381,715 3043^9! 138,100
.350,719 3.30.900 298,080 119,182
.347,523 290,734 880,87i 188.090
S43.5SI 282.475 271.790' 181.929
328,798 268,089 236.015' 129,.'M2
64,3'i4 321.424 251.450 234.231 129.078
50,3t2l 308,417 227,285 216.482 122..SU
58,888 304.821 203.477 199,179 121,030
42.581; 297.n3i 184.414' 181,132^ 103,733
82.895 279.948, 180,809 170.155 87,838
28.,S10 268,071 141,238' 158.175' 74.024
,
[
The above statement shows
1886.
T8.189 ioe,8ei
81.884 115,086
74.718 87,ias
80.964 58.087
94.202 80,70S
9 1. SIS 68.8TS
51, .394 88.S10
49.302 32.563
48,938 39.583
28.813: 24,534
19.080 81.908
33,311 16,830
—
1. That the total receipts from
the pkntations since .September 1, 1884, were 4,693,136 bales;
in l88;!-84 were 4,674,650 bales; in 1882-83 were .1,.580,368 bales.
3.— That, although the receipts at the outports the past week
were 38.810 bales, the actual movement from plantations was
16,830 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 33,311 bales and for 1883 thev were
74,024 bales.
Amol-nt of Cotton in Sight
*
March 37.—In
the table below
in another form, and add
to them the net overland movement to March 1, aijd also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
we give the
Q
s5; £;
receipts
from plantations
1S84-85.
KUK3
CO
M tOV
MtO>-'»^
^a
1883-84,
'
1882-83,
1831-82.
Receipts at the ports to Mcli.27 4,551,176 4,582,570 5,329,782 4,290,640
Interior stocks ou McU. 27 la
excess of September 1
140,060
02,030 250,486
187,757
1
from planta'tns 4,692,136:4,674,650 5,S80,268 4.478,397
Net overland to March 1
501,782 46,1,070 526,.556 3.^3.355
Soutlieru consumpt'n to Meli.l
180,000 190,000 2(,0,000 155,000
Tot. receipts
c-ifccwc.'ow^'iotf-'xc-'yi-.iocr.coa
« P- IC I- C5 U) M
T-'O
O M A 1^
«k
gi
O :s
00
*
:
aa
•-•
o
0**MOW.
lis
tC^jOiOi.
.
*4t-M)-'00OM
WWCOCO^CCM
Totalin sight M^arch 27
5,373,918 5,325,720|6,306,824 4,086,753
Northern spinners' takings to
March 27
1.115.8591,212, 100 1,385,747 1.269.751
It will be seen by the above that the increase In amoiint In sight
to-ni);ht, Rs compared with last year. Is 48,198 bales, the decrease
from 1882-83 is 932,906 bale><, and the increase over 1881-82 is 307,166
bales.
M?P
Weather Reports by Telegraph.—The weather continued unseasonably cold.up to and including the first part of the
week. Since then there has been a favorable change and farm
work, though backward, is now making fair progress.
1^
WWt-tOM
W«^P'»tO W *» to yi C *. «0 »— M CO Q »0 R-St
Oalveston 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 73, averaging 58.
M-«4U»JitoroWUIOC0
O V><i t9
Indianola, Texas. It has rained on five days of the week,
© « CD 00 M^ Ol p M 05;vl p an ^ O.
00 w «<» w
*>
* !0 <! X
- -q o; Ci Vi fls'-c**- o»o 3i vtb* w y> 00 M
O *»
the rainfall reaching ninety-nine hundredths!^ an inch. Corn
2
Jt CO QD 'J I—
XCOOOibMCOH<«>tOCOMUiOMtf^*4:;>Otn
is coming up well,
OD'^0-X090iCMXi^U'qH*<^MOMp«03
but cotton planting h./ been retarded
somewhat by unfavorable we;ither, Avere^ge thermometer
pen
69, highest 75 and lowest 40.
CO
MM )-*^ t^ ^
Palestine, Texas. There has l>een rain on two days of the
*-I^O'Mf3 0i>-M<IOSC;*(UlOCOCP^Cn03t^ if lis
CCCD-^OQD-^^O O -*i-oc»iWi*-o;it>'-jc;tOOCoosoxcOM05
week, the rainfall reaching thirty -one hundredths of an inch.
Ice formed on one night, but probably no serious damage has
been done, as very little vegetation was above ground, and it
|0>^
M MW *fc5^W*-Mi^05
iff*
is thought that fruit ia unhurt.
Corn is lieginning to come
op ©O -I — CI to
— -JOCOCSOJOM — 0> CD X CO tC M to CO >0 K<
up, and cotton planting makes good progress. Thi- tliermomi^XOit>©MMA
eter has averaged 43, the highest being 66 and the lowest 83.
The above totals show that the old interior stocks have
New Orleans, Louisiana. It has rained on three days of
aeerea.'ied during the week 10,0r>4 bales, and
are to-night 16,809 the week, the rainfall reaching three inches and sixty-one
bales more than at the same period last year.
The receipts at hundredths. The thermometer lias averaged 54.
—
*-•
,fi- tt>-
*-•
rfk
—
*fc
•vj
—
—
THE CHRONICLE.
398
Shreveport, Louisiana.— RAintall for the week one inch
and twelve hundredths. The thermometer has averaged 48,
ranging from 33 to 61.
Meridian Mississippi. Telegram not received.
Columbus, Mississippi.— V^e have had rain on three days
—
of the week, the rainfall reaching seventy-two hundredths of
inch. The weather has been too cold, the thermometer
averaging 48, and ranging from 23 to 68.
Leland, Mississippi. It has rained on two days, and the
remainder of the week has been cloudy. The rainfall reached
one inch and thirty-four hundredths. The thermometer has
ranged from 36 to 64, averaging 45.
The early part of last week was pleasant and clear, but the
Farmers had nearly finished planting
latter portion cold.
corn. The thermometer ranged from 28 to 77, and averaged 49.
Little Rock, Arkansas.— i:he weather has been generally
cloudy and disagreeable during the week with rain on five
days. The rainfall reached one inch and sixty-six hundredths.
Season bo far rather unfavorable for planters, and crop preparations are backward. Average thermometer 43, highest
57 and lowest 26.
Helena, Arkansas. There has beeu rain on four days and
the remainder of the week cloudy. The rainfall reached
The thermometer has
eighty-one hundredths of an inch.
averagatl 42, the highest being 5a and the lowest 26.
have had light rain on three
Memphis, Tennessee.
days of the week, and it is now threatening. The rainfall
reached fifty one hundredtlis of an inch. The thermometer
has ranged from 26 to 57, averaging 43.
have had rain on two days of
Nashville, Tennessee.
the week, the rainfall reaching sixteen hundredths of an
inch. Average thermometer 35, highest 63, lowest 35.
Mobile, Alabama. It has rained constantly on one day,
has been showery on two days, and the remainder of the week
cloudy. The rainfall reached two inches and twenty-six
hundredths. The thermometer has averaged 49, the highest
being 63 and the lowest 29.
Montgomery, Alabama. The early part of the week was
clear and pleasant, but during the latter portion we have had
rain on four days, the rainfall reaching fifty-five hundredths
an
—
—
—We
—We
—
—
The thermometer has averaged
of an inch.
26 to 59.
47,
ranging from
—
—
—
—
—
the lowest
£6.
rain all tlie week. The thermometer
ranging from 26 to 6t.
Columbus, (Georgia. It has rained on two days of the week,
the rainfall reaching seventy-seven hundredths of an inch.
The thermometer has ranged from 26 to 55, averaging 46.
Savannah, Oeorgia.—We have had rain on four days and
the remainder of the week has been cloudy. The rainfall
reached one inch and eighteen hundredths. Average thermometer 49, highest 61, lowest 34.
Augusta, Georgia. We have had light rain on four days
and the remainder of the week has been cloudy. The rainfall
reached thirty-seven hundredths of an inch. The thermometer
has averaged 41, the highest being 63 and tlie lowest 36.
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 61.
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, averaging 47.
Stateburg, South Carolina. Telegram not received.
Wilson, North Carolina. Telegram not received.
The following statement we have also received by telegraph,
ohowing the height of the rivers at the points named at 8 o'clock
Macon, Georgia.— 'No
has averaged
48,
—
—
—
—
—
March
26, 1885,
BOMBAT RECEIPTS AND SHIPMENTS FOB FOCB TEARS.
Bhipmentt thit
Year Breat ContiBriVn. nent.
1885
1384
1883
1882
and March
Tuticorin,
Great
Britain.
Calcutta—
1886
1884
Feet.
Memphis
Nashville
Bhreveport
VloksburR
New Orleans reported below
when
4
22
8
18
34
Inch.
reel.
•
S3
Iw.h
3
6
6
2
30
7
19
3
5
5
48
8
mark of 1871 until
gauge was changed to high-
high-water
1.
Reeeipti.
Thii
Week.
Total.
SiKce
Jan.l,
2 15,OCO 35,000
335,000
555,000
689,000
669,000
377.000 60.000
440.000 77.000
51«,000l79.000
t?ie
Continent.
Shipment* tince January
week.
Oreat
Britain.
Total.
600
Continent.
4,600
13,000
28.200
57,000
400
400
1,000
1,000
4,000
9,500
4.000
12,000
1,000
1.
TotaX.
36,000
82,000
7,800
25,000
Madras—
1885
1884
others—
1885
1884
4,000
9,500
All
4,000
11,500
13,500
6,000
1,501)
20,500
13,500
9,000
15,500
46,700
80,000
13,800
25,000
60,500
105,000
4,000
1,500
Total all—
1885
1884
4,100
14,500
The above
totals for the
4,600
1,000
week show
Bombay
that the
movement from
bales less than same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1885, and for the corresponding
periods of the two previous years, are as follows:
the ports other than
is
6,50.0
EXPORTS TO EUROPE FROM ALL INDIA.
1884.
1885.
Shipmenlt
to all
Europe
Jan.
1.
1883.
Since
week.
Jan.
1.
Thi$
week.
Jan.l.
Since
29.000
9,000
215.000
60,,500
37,000
15,500
377.000
105,000
59,000
1,000
410,000
68,000
"iiiooo
275.500
52,500
482,000
60,000l
508,000
All other ports.
Total
ThU
Since
Thit
week.
Bombay
This last statement afifords a very interesting comparison of
he total movement for the three years at aU India ports.
Alexandria Receipts and Shipmejits.— Through arrangements we have made with Messrs. Da vies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and sliipments for the past week and for the
corresponding week of the previous two years.
Slexandria, Fgypt,
March 25
1883 81.
1884-35.
Receipts (cantars*)—
This week....
Since Sept. 1
18SI-8S.
9,000
2,597,000
27,000
3,270.000
ThU
14,000
2,204,000
|!
ThU Since
week. Sept. 1.
week. Sept.
Exports (bales)—
To Liverpool
To Continent
3.000 280.000
7,000 153,000
4,000 221,000!
4,000 110,000
Total Europe
10.000 433,000
8,000 331,000
/Since
1
1.
1
Thii
Since
week. Sept. 1.
5,000 218,000
1,000 75,000
i
6,000 291,000
A cautar is 98 lbs.
This statement shows that the receipts for the week ending
27,000 cantars and the shipments to all Europe
March 25 were
10,000 bales.
—
Manchester Market. Our report received from Manchester
give
to-night states that the market is quiet but steady.
the prices for to-day below, and leave previous weeks' price
for comparison.
We
1881.
1885.
32f Cop.
twiet.
37, 1884.
Balow hlRh-water mark
Above low-water mark
Above low-water mark
Above low-water mark
Above low-water mark.
Continent.
Kurrachee and Coconada.
Shipments for
Ian 23
30
-
New Orleans
Breat
Total. Britain
According to the foregoing, Bombay appears to show a
decrease compared with last year in the week's receipts of
25,000 bales, and a decrease in shipments of 8,000 bales, and
the shipments since January 1 shew a decrease of 163,000 bales.
The movement at Calcutta Madras and other India ports for
the last reported week and since the 1st of January, for two
" Other porta" cover Ceylon,
years, has been as follows.
—
Heh. 26, '85. Hch. 27, '84.
Shipment' ttnee Jan.
toeek.\
11,000 ]8,000:29,000| 53,000,157.000
24.000 13.000 37,000:18 3,000 195,000
30,000 29,000|69,000il60.000 280.000
57,00ol27,000l81,000l315,000l 173,000
from—
Selma, Alabama. It has rained on five days and the
remainder of the week has been cloudy. The rainfall reached
eighty hundredths of an inch. Tlie thermometer has ranged
from 26 to 65, averaging 48.
Auburn, Alabama. We have had rain on three days of
the week, tlie rainfall reaching sixty-six hundredtlis of an
inch. The weather has been unfavorable. We had killing
frost on Monday night and ice formed the ground was frozen
hard. Average thtrmometer 43 'S, highest 57 '5 and lowest 24
the coldest ever recorded for March.
Madison, Florida. It has rained on two days of the week,
the rainfall reaching one incli and eighty-nine hundredths.
The thermometer has averaged 55, the highest being 75 and
LVoL. XI*
Fob. 6
••
13
" 20
" 27
Mch. 6
" 13
" 20
d. «
d.
85|fc-Si5ifl'5
86l6-8l6,(!'5
>j5,B_81i>i,
85l6-8l5,8
8I4 «8'e
BM
71337
7
7
7
6
6
6
83iBa8%
5
5
a8%
" 27 83i<.®834
Ibt.
Shirtingt.
«8'e
8'4
314
Cott'n
6
-SO
Mid.
Uplls
d
a.
W\
lOij
51616
8ifl
6
6
6
S^a
81a
8>a
(i
8ifl
36
a6 lOis
36 9^
36 91-i 6^8
ae OHi
51^,6
«6 9
6
®6 9
6
®0 10
BH
32> Cop.
IwUi.
d.
.-1.
®
9
9
8
a
9
9
a
812 ®
81a ®
813 ®
80ie»
868 ®
9
Oott'n
lb».
Shirtingt.
8.
d.
s.
5 10 «7
8 51397
7 -al
7
®7
®7
®7
9
9
7
9
9
6ia®7
918
9>4l5
7
«7
7 «7
7
7ia»7
d.
Mid.
XJplelt
d.
2>a
1
21a
!•'«
2ifl
513,8
61318
5''g
21a
21a
21a
213
21a
578
31a'
6
5''e
51616
Jute Bdtts, Baqging, &c.— There has been a fair demand
water mark of April 15 and 16, 1874, which is 6-lOths of a fool for ba-'ging during the week, and sales are being made of lots
low-water
above
mark
that
large
or
16
feet
at
point.
above 1871,
as wanted at steady figures. There is not much doing in
India Cotton Movement from all Ports.
We have parcels, and buyers continue their policy of only taking such
re-arranged our India service so as to make our reports more quantities as they require for present wants, and it is only by
detailed and at the same time more accurate. We had found shading the price that a round lot can be moved. Sellers are
Sept. 9, 1874,
the zero of
—
it impossible to keep out of our figures, as cabled to us for the
ports other than Bombay, cargoes which proved only to be
shipments from one India port to another. The plan now
followed relieves us from the danger of this inaccuracy and
first give the Bombay statement
keeps the totals correct.
for the week and year, bringing the figures down to March 26.
We
m
lbs., 9i^c. for \% lbs., lOJ^c. for 2 lbs.
quoting 9c. for
bales
lie. for standard grades, at which a few hundred
prices
are reported. Butts are selling in a moderate way, with
a shade easier. There have been a few parcels of paper grades
figures
placed at 15^c.@lJ^c., while for bagging qualities the
are 2c.@2%c., the market closing at these quotations.
still
and
Mabch
THE CHRONICLE.
28, 1880.J
Cotton Supply and Dkprkssiom
in
Prick.— An
article
on
he found in our editorial columns to-duy
which will interest cotton producers.
Nbw York Cotton Exohanue.— Tlie voting last Tuesday
respecting the abolition of the ('ammiasion Law with its
attending penalty of expulsion resulted in 110 yeas and 48 nays,
thus showing 20 votes above the rcijuisite majority of twoWith few exceptions the active members of the
thirds.
Exchange are well pleased that the iiuestiou is at lost set at
rest, and when the niunUirs voted in favor and against the
change were read out by the Superintendent they were received
with hearty chceri).
Friday, April H, and Saturday, April 4, will be kept by the
Exchange as holidays. Business at Liverpool, besides these
two days, will also bu suspended on Monday, April 6.
this subjet^t will
—
AuousTA Rec'hii'T.s and Mill Rkquirements. 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
plantations, but is cotton bought by our mills in other markets.
They have little or no stoik in hand; will need some
25,000 bales if they continue to run during the summer, and
we have only 1^,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 preparing their land. They are fertilizing very largely. I hope
the severe winter presages a good crop year. So say the old
wise-acres."
:
&
:
East India Crop.— From the Bombay Prices Current,
we have
Feb. 20,
the following
of
:
" Receipts showan inorea.so of l.COO bales this week as compared with
but still keep well imilcr last year, the dellelency since Jan. I lioine
8i!.000 hales. DiiiiUK the conilnR week we may see a further slight
gain, but the week fullowiu); will probably be small nKain, owinK to the
holiday.^, which always restrict supplies. It will therefore bo well
on In March before the llgures can have any chance of making up lost
KTOHod as compared with last sea.son, if they ever do so, and on that
point we ate somewhat dubious, the latest accounts from the Dhollera
dlstriots as to the condition of the crop being sadly disappoiutlng. It
was only from that nuarter that any inerease could bo anticipated, and
we should now consider it uulikel3\*'
last,
now
Gaddum,
Bythell &Co.'sreportof the same date says:
Sotne rain has fallen in the town of Oomrawuttee and its surrounding
dletricta. but no appreciable danuige has been done. The reports from
the Dhollera districts continue favorable on the whole, but some adhere
Messrs.
•'
to the opinion that the crop will ho a small one. Sellers of Oholleras are
very cautious, and a little Increase in the demand makes them raise
their pi Ices. Broach promises to ba a very good crop. Ginning has
commenced on a small scale, aid we expect willbepretty general ui the
besluning of March. The supply of Bengals hi= been SDinewhat more
liberal this week, but selection ofTers the same difticulties as heretofore,
a large propoition of our stock conRlstlug of very low cotton. The
demand Is very limited. In Compta, Westerns and Dharwar there is
no change to report. These eroi>s 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 1883, 1873 and 1876, compiled by Messrs. Lyon
Co., Bombay
Acreage.
1833.
1878.
1876.
Bombay and Bind
5.6»S,?62
2.883,306
1,516,587
Bcrars
2, 42.414
2,078,-272
2,103,424
Central I'rovlijces
012,637
337,083
758,828
Northwest Provinces
1,641,856
718,184
1,056,178
Oudh
50.0.VJ
17.151
22.830
Punjab
8!)-(,8I8
679,836
698,393
Assam
40,000
39,627
35,3.52
Hyderabad
1,149,7J0
022,959
801.196
Madras
1,708,579
1,165,736
1,615,389
Mysore
20,000
14,111
21,861
British Burmah
15,000
18.765
13,645
&
:
1
899
Thia Btotement shows that ap to Fob. 2^ tha receipts st the
ports this jear were 45,807 bales more than in IM-Si and
468,487 bales losi than at the same time In 1892-S3. By addinc
to the above totals to February 2S the daily receipts slnoe
that time, we shall be able to reach an exact oomparlsoa o<
the movement for the different years
1884-85.
1883-84.
1888-88.
1881-82.
COMPARATIVE PORT RECEIPTS
AND DAILY CROP MOVEMENT.
—A comparison of the port movement
by weeks not accurate,
is
as the weeks in different years do not end
.
the month.
on the same day
of
We have consequently added to our other standing
tables a daily
and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the y^ears named. The movement since
September 1, 1884, and
previous years, has been as follows;
m
Tear Beginning Seplembtr
UontlUy
Beeeiptt.
1881-85.
1883-84.
1882-33.
Bept'mb'T
315,113
313,812 326,636
October.. 1,090,385 1,016,092
930,531
Noveinb't 1,122,161 1,030,380 1,091,697
Deoemb'i 1,101,211 1,059,653 1,112,.536
Jum&ry
.
February.
475,757
261,419
187.729
385,933
752,827
505,598
1881-82
1.
1880-81.
4,531,176 1,565,927 5,281,362 1,255,258 5,021,186 4,433.053
Total
Peroentag e of total
91-13
87-73
port reo'pts Meh 27
90-14
85-.'.3
8903
This statement shows that the receipts since Sept. 1 up to
to-night are now 14, 7-51 bales less than they were to the same
day of the month in 1881 and •730, 188 bales less than they were
to the same day of the month in 1883.
add to the table
the percentages of total port receipts which had been received
to March 37 in each of the years named.
We
SeiPPiNO
News.—The
exports of cotton from the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
43,721 bales.
are the same exports reported by telegraph, and published in
the Chromcle last Friday,
With regard to New York we
include the manifests of all vessels cfeared up to Thursday
night of this week.
Total bale*.
New York—To
Liverpool, per steamers Baltic, 1,896
Gallia, 1,209. ...Germanic, 2,394... Sirlus, 1,630. ...Wisconsin, 378
To
To
To
To
Hull, per steamer Ofranto.
350
Havio, per steamer Normandle, 150
Hamburg, per steamer Kugia. 350
Genoa, per steamer Scotia, 453
New OKI.15ANS—To Liverpool, per ships City of Liverpool, 4,830
...EUerslle, 4.904
To Havre, per ship Caledonia. 4,016
'10 Bremen, per steauier Viola, S,395
To Antwerp, per steamer Cliutouia, 774
To Genoa, per bark Navigatore. l,7;1l
Mobile—To Liverpool, per bark Mary Jane, 2,231
Savannah—To Barcelona, per bark Bcppino K., 1,030
Galveston— To Liverpool, persliip William, 3,340
ToReval, per 1-ark Bi-ilUaiit. 1,54.5
To Vera Cruz, per steamer Whitney, 314
Newport News-To Liverpool, per
62
Boston- To Liverpool, per steamers Iowa, 2.133
Istrlan. 762
Philadeu'HIa— To Liverpool, per steamer Britleh King, -^,201..
429,777 458,478
853,193 963,313
974,043 1,006,501
996,807 1,020,802
487,727 571,701
291,992 572,72^
333,613
833,492
942,272
956,461
647,140
447,918
Total year 1.399,411 4,353,601 1,362,898 1,033,541
4,598,528 4,215,929
Perc'tage at tot. port
reoelpta Feb. 28..
83-75
80-78
78-28
8515
84 2S
7,397
390
190
350
453
9,754
4,016
3,S95
774
1,731
2,231
1,050
3,310
1,545
314
62
2,943
2,201
Total
«.
42,721
particulars of these shipments, arranged in our usual
form, are as follows:
Bremen AntVera
Literd Ham- werp <L Bireepool. Bavre. burg. Iteval. lona. Genoa. Oruz.
Total.
New fork. 7,537
433
150
350
8.860
N.Orleans. 9,734 4,016 3,895
774
1.731
20.170
Mobile
2.231
2,231
Savannah.,
1.050
1.050
Galveston
1.545
311
3,310
9,199
Newport N.
62
62
Boston
2,915
2.019
Phlladelp'a
2,201
2,201
The
Total .. 23.093 1.166 I.'JIS 2,319 1.030 2.181
311 12.721
Included in the above totals from New York are 350 bales to Hull.
Below we add the clearances this week of vessels carrying
ootton from United States porta, bringing our data down to
the latest dates:
Liverpool— March 20— Bark Boromn, 1.071....
Legislator. 4,980. ...March 24-Stedmer C»Ubark Paolo K., 1,833.
For llavre-.March 25—Steamer Ciayperon. 3.217.
For Hamburg— March 25—Steamer Amy Dora, 250.
For Cronstadt— .March 21— Bark EHos. 1,801.
Charleston— For Liverpool— March 23—Bark Capenburst. 1.945
March 26-Bark Maury,
Norfolk— For Liverpnol— March 25— Bark Beaoonsflelil. 1.831.
Boston- For Liverpool— March -iO—Steamer Oephalonta, 1.271.
Baltimohe— For Livcrpo )l— March 23 -Steamer PolyneshiD. 910
March 23— Steamer Barrowmore. 618.
For Bremen— March 25-Steomer America, 571.
Philadelphia— For Liverpool— .March 20—Sceamer Lord Ooagb. 1,130
March 23-Steamer British Crown,
For Antwerp -March 2 1 Steamer SwilzerUud, 85.
New Orleans— For
1879-80.
1879-80.
'
,
Total
13,978,035
9,055,630
11,671,981
"There are no returns from Central India, Riy putana, AJ mere, Bengal
Coorg, Travancore or Cochin; but the oiilv 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 13,973,035, a total for all India of 15,228,035 acres.
" The reduction in the area sown between 1876 and 1878 w.is 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 bud harvests.
Smce 18/8 there has been a gradual increase in the area planted, in consequence of the better average prices, and the improved condition of
the cultivators."
1880-81
Tot.Fb.23 4,399,411 4.358,604 4,802,808 4,033,911 4,993,938 4,ai9,l>89
8.
11,840
Uoh.t....
14,598
6,919
20,478
16,379
" a....
10,707
8.
21,228
7.639
12,469
18,171
" 8....
10,336
11.111
19,336
10,803
16.905
18,132
" 4....
6,318
11,006
8.
6.913
22,115
10,056
" 6....
7,118
8,113
26,856
8.
21,006
13,401
" 6....
18,980
7,491
22,876
13,495
8,
9.829
••
5.929
18,193
7....
16,130
8,982
28.948
8.
" 8....
8.
8,128
13,081
11,056
84,436
16,415
" 9....
11,130
8.
25,695
6,673
19.576
6.724
".10...
9,139
8,312
13,932
12,033
19.011
6,711
" 11....
5,009
8,610
8.
5,909
23.150
10,914
" 12...
1,891
7,207
19,421
8.
17.256
13,745
" 13....
10,177
19,721
16,729
10,207
8.
7,707
" 14....
5,207
11,589
21,551
10.900
25,288
8.
" 15....
8.
4,568
12,952
10,299
19.164
13.435
" 16....
8.
8.893
23,593
7,077
13.192
7,411
" 17....
5,173
7,938
12,548
13.072
14,000
6,660
« 18....
2,187
8,358
8.
9,411
18,406
4,190
" 10....
1.916
3,338
15,938
8.
15,917
10,249
" SO....
6.917
7,782
17,877
13,242
8.
11,111
" 81....
3,801
9,838
18,114
8,840
17,571
8.
8.
8,795
"22....
12,175
10,090
13,407
11,637
" 23....
8.
3,538
28,050
8,394
8,052
8,099
" 24....
5,332
8,923
10,001
11,439
22,353
7,110
4.840
"86....
7,137
8.
9262
10.390
7,433
" 86....
5,930
5,657
15,605
8,
13,074
7,699
" 27....
5.299
6,556
12,970
9,391
8.
5,389
March 21— steamer
fornian,
3,0!);s
;
•
.
-
:
..
.
..
.
THE CHRONICLE.
400
Below we give all news received to date of disasters to vessels
carrying cott6n from United States ports, &c.
Alamo, steamer, from Giilveston for New York, before reported ashore
on Toitugas Reef, aud afterwards got off ami towed Into Key West,
sailed from tbe latter port, March 20, for destination, where she
arrived March 25.
Hudson, steamer, from New Orleans for New York, pnt 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.
Nessmoke, steamer (Br.), from Baltimore tor Liverpool, was passed,
March 17, by steamer Lcssing (Ger.), Vos8, at New York, March
The
20, from HamVmrg, 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 approachinsr.
Sapi'HIee, steamer (Br.)— Advices from Nieuwe biep of date March 5,
state that the cotton salved from steamer Sapphire, from New
Orleans for Bremen, which str.anded Deo. 14 on North Shoals, was
sold by auction on that day, and realized 15,987 florins.
TrKEMOUTii, steamer (Br.)— Advices from Terschelling March 9 say
that an attempt will soon be made to salve the cotton cargo of
steamer Tynemouth. The vessel lies several feet under water.
WiELAN'D, steamer (tier.), Hebich, from New York, March 19, for
Hamburg, returned to former port on the 23d, having been in
with bark Cornwalljs (Br.), in lat. 40:28, Ion. 65:53. It is
reported that there was a thick snow storm at the time of the
[Vol. XL.
Wednes., Mch. 23.
Open Bith Low. Olos
March
Open
d.
d.
d.
It.
d.
5 82
5 61
5 81
5 82
5 61
83
83
00
04
8 08
5 63
5 82
5 62
5 62
03
6 07
[
80S
5 02
6 03
8 07
June-July.. 608
July-Aug... 811
608
611
8 07
6 10
815
610
6 15
6 10
614 614
00t.-«OT_.. 5 63
NoT.-Deo.
Deo.- Jan
563
6 00
5 62
5
5
6
6
561
5 83
8 00
I
604
6 08
March 18.— Lat. 36:15, near the west edee of the Gulf Stream,
bale of cotton was passed which apparently had been aflie.
Cotton freights the past week have been as follows:
,
Do
Jan.-Feb....
BREADSTUFFS.
Friday, P. M., March 27, 1885.
1V».
H-
...a
....
....
....
....
....
without
932'
932*
932^
9S2*
932*
»s»*
....
....
....
...
....
and corn meal were unchanged.
The wheat speculation opened somewhat depressed, but tha
severely wintry weather which prevailed gave currency to
.--
451
....
....
9s3'
hi'
....
45f
45t
45t
.--.
....
....
....
....
''32®H*
732»V
....
....
....
Baroelona.steam.c.
Saa-
»32*
933'
»32'
932*
Genoa, steam. ...c.
''le*
'16*
'18'
Tib*
'i«*
>s'
H'
V
V
451
45t
e.
Trieste, steam... c.
%
V
....
^aa s'la* ^32^^16* 93235ifc* ^.aS'Sib^
saU.-.c.
V
"saa"*»S2*
'19'
V
%a9„. l8 39e4' %a.»M* >«»964' ^a»6^'
Per 100 lbs.
LlVEBPOOL. By cable from Liverpool, we have the following
statement of the week's sales, stocks, &c., at that port. We
add previous weeks for comparison.
>e»96i*
t
—
March 6. March
Bales of the
week
39,000
3,000
bales.
Of which exporters took
Of which speculators took..
26,000
6,000
19,000
974,00c
752,000
88,00c
62,00C
232,000
187,000
.'
Forwarded
Total stock— Estimated
Of which American— Estlm'd
week
Of which American
Amount
afloat
Of which American
Note.— Recount
13.
35,000
4.000
2,000
24,000
5,000
22,000
990,000
767,000
72,000
51,000
200,000
163,000
2,00(1
Bales .\merican
Actual export.
Total import of the
March 20. March 27.
43,000
5,000
2,000
30.000
7,000
45,00c
4.000
2,000
31.000
5,000
IS, 000
1 1
.000
984,000 1,005.000
768,000 791,000
55,00U
62,000
44,000
53,000
196,000
192,000
152,000 140,000
stock— East Indian increased 14,000 bales.
The tone of the Liverpool market for spots and futures each
day of the week ending March 37, and the daily closing prices
of spot cotton, have been as follows:
Market
12:30 r.
of
Saturday Monday. Tuesday
Spot.
u
Firm.
6
Mid.Orl'ns.
Bales
6,000
pec.&exp.
500
Wednes. Thursd'y.
Quotat'ns Moderate
In buyers'
fully
demand.
favor.
malQt'n'd
6
Mid. Upl'ds
6iie
6
6'18
6li«
8,000
1,000
7,000
1,000
Fair
business
dolne.
Qiiotat'ns
barely
supported
6
6
6I16
6
6I18
61 18
7,000
1,000
Market,
Steady at
)
{
(
5 p. M.
Quiet
but
1-84 ad-
^
Barely
supported
vance.
Quiet
steady.
8,030
1,000
7,000
1,000
bat
Steady.
Steady at Unsettled,
2-84 de- at 2-64 deBarely
steady.
steady.
Barely
Steady.
steady.
The opening,
highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
l^r The prices are given in pence
b 62-64d., and 6 03 means 6 3-6 4d.
Sat. Mch. 2V.
Op«n Bith Low.
Mansli
5 62
Open Bith Low.
!23.
Olos.
Open Biih Low.
d.
d.
d.
d.
d.
d.
d.
6 01
6 01
6 01
6 01
8 01
8 01
8 01
6 01
8 01
8 01
6 01
6 00
603 603
8 02
8 02
6 01
6 01
6 08 8 08
606
610
614
617
812
606 606
606
610
613
618
612
6 15
Aug.-3ept.. 618 6 18
Sept.-Oct... 613 8 12
OCt.-NOT...
....
Jnly-AuR... 6 15
607
611
6 IB 615
618 618
612 612
..*.
....
•..
*..
*>>
•
Jan..Feb....
...
604 6 04
608 808
6 12 612
616 615
6 19 616
613 .618
.
,.
....
*•.
....
...
Moti.
Sal.
Tues.
89%
89'a
90
88%
87''g
88>4
89?4
91^4
9214
June delivery
S8!l4
89
9038
90ifl
92
93
92%
Wed.
Thurs.
9II3
91 >s
go's
9118
920s
9438
Prl
Olhi
90%
91ie
9268
9414
9514
9078
9214
94
93
95 >4
95
August delivery
93
....
9414
September delivery
Indian corn futures have sympathized largely with wheat,
and the influences which have affected that staple.
The
.luly delivery
regular trade has, however, been
lines having been taken for export.
much more
active, large
Tlie 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
was quieter, but the speculation fairly activb.
movement
DAILY CLOSING PRICES OF NO. 2 MIXED CORU.
Sal.
Mon.
Tues.
Wed.
Thurs.
.">0l8
49 19
49 "a
50%
49'a
In elevator
March delivery
April delivery
May delivery
June delivery
July delivery
49%
4938
4914
49%
50
50
50
50
5018
51
51
51%
4958
49^
,50
5038
50 °8
TJ
51
51
52
50 14
50>a
.50%
51
52
Fri.
50 »8
50%
50%
5079
6078
52
Rye, barley and barley malt have been very quiet, and not
very firmly held.
Oats have not been in so much demand for export, and the
speculation has not sympathized with that which the warlike
advices have stimulated in wheat and corn. There is, consequently, very little cf interest to note in the market, nor have
the changes in prices been of much significance. To-day
there was some revival of export and more speculation, but
prices did not advance.
The following are closing quotations :
613 6 12
616 615
618
613 613
6 18
d.
d.
nna 600
600 6 00 600
6 10
6 10
814 81,1
617 618
6 18 012
$ hbl.
i
8 00
6 00
....
..•
....
•
•*t
....
>...
...
....
I
8U®
Spring wheat extras. 3 10 »
Minn, clear and stra't. 3 75®
Winter shlpp'g extras. 3 20»
Winter XX & XXX.. 4 50®
4 50»
Patents
3 loa
City smpi'iugex
South'n com. extras.. 3 503
WheatSprlng,per bush.
Spring No. 2
Red winter. No. 2
Red winter
Com— West,
....
,,
•
....
$2 35® 2 90 Stnithem bakers' and
2
White
i*..
Deo.. Jan....
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.
In elevator
March delivery
April delivery
May delivery
Superfine
a.
6 03
flour
unfavorable crop accounts, not only as to injury to the wintersown but to the unseasonable lateness of the spring sowing.
This somewhat strengthened values.
On Wednesday the
rumors respecting the relations between Russia and Great
Britain were again warlike, giving a great impulse to the
speculation, and causing an important advance in prices for
future delivery. Wheat on the spot did not improve so much,
as the export demand continued limited. Yesterday a lower
opening was fully recovered. To-day wheat was taken more
freely for export, and there was a buoyant opening to the
speculation, but it subsided and the close was easier,
Fine
TuM., Mch.
6 01
601
6 01
Rye
increase of activity in the dealings.
n-otiR.
mon., Mch.
a.
..
.
:
«01
March-Apr. 8 01
608 603 603
Aprll.May
May-June.. HO? 6 07 607
6
June-July..
11 611 611
Nov.-Deo.
Clot.
aiid 6ilhs, thus
much
Fr%day
futures.
Market,
12:30 P.M.
market was quite dull early in the week, and some
reductions were made in prices to facilitate the closing out of
the better grades of St. Louis brands. But lines of low grades
suitable to the filling of shipping orders, continued scarce and
firm.
Later in the week there was some improvement in
inside figures from sympathy with the course of wheat, but
flour
%'
..>•
Antwerp, steam..!!.
* Compressed.
The
Thur$.
sail....c.
sail
5 61
H'
Beval, steam.... d. ^32®"** 732® >4* Jsa®**
Do
580
Wednei
Amst'd'm, steam.c.
Do
5 61
.
%•
8ail....c.
Do
563
6 09
TlMf.
e.
Hamburg, steam. c.
8 10
V
Bremen, steam.. c. 39^1333* 9b®1333* 3g»lS32' 38® 1332'
Do
613
608
8oa
60S
610
613
808
806
Hon.
e.
sail
605
806
613
60S
560
5 61
5 61
5 63
5 61
6 02
6 05
6 09
6 13
6 08
6 02
611
614
d.
580
580
61
61
62
02
V
sail.-.d.
Havre, steam
5
5
5
6
Satur.
Liverpool, steam d.
Do
a
560
580
5«1
82
62
63
03
6 07
Olos.
d.
. .
collision
collision.
d.
d.
5
5
6
6
1.'>
6 09
5 82
Open BiohlLow.
d.
612 612 611
6 IE 6
614
810 6 10 610
683 563 S63
8 10
Mch. 2».
FrI.,
Bioli tiow. Olo»
d.
March. Apr. 5 82 5 62
AprU-May. 583 5 63
May-June.. 8 01 804
AaK..Sept.,.
Sept..Oct..
Thnra., Mch. 36.
mixed
West. mix. No. 2.
West, white
White Southern
Yellow Southern.
.
82
90
90
80
'»
9
9
family brands
25
Bye
50
flour, gupertlne..
Fine
25
Corn meal—
Western, &o
50
5 25
5 65
Brandy wine. *o
4 05 Buckwheat flour per
100 lbs
4 65
ORAIN.
«1 00
9 92
81 «
19 9
50 >a*
51 ®
55
3
3
5
3
92
99
95
52
51%
5:-i%
65
49% 9 52%
I
Rye— Western
State
Oats— Mixed
White
No. 2 mixed
No. 2 white
Barley -No. 1 Canada.
No. 2 Canada
State, glx-rowed
$4 759 5 50
3 d0<» 3 85
2 50» 2 80
009
259
3
2309
2
3
3
70
73
36
25
3 30
50
® 71
« 75
» 38%
3«%a
41
37 a
37149
88 a
38%
38%
78
68
»
-9
90
80
72
.
!
March
THE CHRONICLR
28, 1860.]
The moToment
of breadatuffs to
market
is
indicated in
for each of the last three years:
How.
a(—
JtM«ipt<
Com.
Wluat.
Oaf.
Bw.
»trUv.
BblM.lMilu BiMh.80ltxBiu1.6AUw Biuhjaauu BlMlt.48lte|BlMVe4(.'l
1IM,988
095.186
iM8,818
1,385,080
816.848
30,418
Obloaco
81,800
13,034
lucaes
e.880
100,807
6,7H0
Hllwaukea..
2.156
084
Toledo
1,»M
88,811
80.698
1.040
ISO.SM
92.8S)
18,888
Detroit
IJHS
90,8B0!
00,430'
16.000
10.000
8,000
'OleTeland. ..
8.151
84,870'
667,880
79.747
68.800
Bt.Louli ....
88.9W
18.150
6,000
168.070
Peoria
1.800
878,680
88,800
1.300
Duluth
87,900
irk. '«6
aossoa
8IO.a«3
Same wk. '84
Bame wk.'SS
157,480
17S,13a
B74,»flll
8.408,748
2.S0a.471
1,118,031
7M,320'
3.8ti0.8l5
1.016.863
Tot.
mnet Jutv 88
806.838
406,086
840,884
389,001
68.432
0.740.878
a,18S,I»2
Mar. 21
Mar. 22.
Bblt
Bbli.
OtU.c'n'ts
126.455
8.487
0.960
12.875
2.848
541
Total...
156.155
VoJ^iag.
Brit, col's
Mar.
18.858,414
3.468,148
Com
2,148,180
2,490,589
4,109,708
19,018,663
7,922,413
1.660,295
4,969,964
21,187,692
9,274,793
23,690.71)2
Oats
Barley
9.417„')U
l,791,-.'64
479,2(i'J
Rye
Total gialD
39,993,936
Below are
tlie rail
669,13.5
497,652
33,380,214
39,292.764
28,498.167
3,:i6i;.658
shipments from Western lake and river
1835.
1884.
Week
March 21.
Week
March 22.
271.953
20.1,242
.table.
..
Wheat.. , _
Com.... .„
Oats
.baeh.
Barley......
Bye
Total.
393.272
1.799.673
1,177.006
169,525
53.375
3.597.451
Week
March 21. March 25
180,361
102.165
482,812
178.009
1,831.332 1,177.128
639,783
860.539
92,605
258.331
158,706
35,290
237.605
3,205,213
Week
Flour,
tndina— bbU.
Wheat,
448,272
336,227
282.323
320,462
Corn,
Oatt,
buBh.
buth.
2,221,950 1,231,676
3,024,581 1,360,193
1,906,109 1,070,960
1,429,478 672.293
Tot.,4 w.. 312,035 1,137,284
4w'k8'84.. 704,727 1,152,209
8.532,118 4,335.122
7,161,999 2,884,714
Mar. 7,'85 237,374
Feb.28,'85 216,531
The receipts of flour and grain
week ended March 21 follow:
Flour,
At—
KewYork
bbli.
148,286
61,100
Boeton
Portland
Montreal
PbUadelphla. . .
Baltimore
3,565
6,101
33,534
52,232
Kewp't News
New Orleans...
18.217
Total week.. .323,335
week '84.. 232,981
Cor.
The
71.1.301
354,85.5
55.316
24,115
2,509,297
Mar21,'85 289,.597
buth.
1882
Week
1883.
The rail and lake shipments from same ports
weeks were:
Mat 14, '85 268,533
1,337,285
for last four
Barley,
biuh.
168,525
195,'.i95
139.417
123,255
67rt,492
Bye
bu»h.
53,375
46,253
43,234
28,079
21.
Bwh.
Buth.
Biuh.
15,069.776
19.454.687
as-^.^TO
488,588
83S.098
37,688
492,974
860,865
20.023
43.841
1,000
146
19.27S
81.878
8.010
17,507
803.946
866,093
49,128
81,419
5.125.508
4,537,035
33 02S,4S3
24.877,081
27.810.795
March
21,
bitah,
btiah.
b?i8n.
286.125 1,245,130
1.3,050
262,720
30,644
12,703
14,105
600
155,700 181,200
149,126 544,250
2,860
663,514
833,150
103,478
6,600
2,500
5,780
1.200
80,000 59,400
35,057
oi.iis
13,071
91,962
same ports for the period from Dec.
1885, compare as follows for four years:
1883-4.
1882-3.
3,753,054
1881-2.
2,801,312
bUBh.
7,470.053
27,602.404
7,542,108
1,679,607
237,591
4,197,305
12,574,023
4,372,455
1.841,718
550,870
12.914,291
23,604,567
5,482.910
1,261,653
230,921
6,844.036
8,942,604
5,051,829
1,435,102
131,310
Total grata.... 41,531,763
23,536,371
43,500,372
22,451,881
,
.
Rye...,
The exports from the several seaboard ports for the week
ending March 21, 1885, are shown in the annexed statement:
Exports
from—
WKeat.
Ttuth.
KewYork
198,902
Boston. ..
Portland.
Montreal.
36^641
Plilladel..
BaUliu're
K. Orl'ns.
1
87,987
20,596
N. Kews.
Total w-k.
B'me time
1884. ..
FUmr.
Buth.
573.965
47.610
12,703
BbU.
16V,462
329,056
711,400
22,253
76,069
53,066
3,124
OaU.
Buth.
266,544
94.570
Bye.
Buth.
61.919
Peat.
Buth.
3,650
Wheat,
Com,
buth.
bush.
4,794,^70
937,290
Do afloat (est*
353,795
303,951
Alb.any
1,400
9,500
Buffalo
1,256,330
CliloaKO
15,882,271 2,196,626
Do afloat ....
142,318
136,831
Newport News...
7.537
57,400
Milwaukee
5.276,405
Duluth
,000
5,981,066
Do afloat
101,000
Toledo
2.682,394
Detroit
1,172.265
Oswego
122.000
St.L0Ql8
2,212.007
Cincinnati
49.402
Boston
33.183
Toronto
333,733
Montreal
186,007
Philadelphia
795,904
Peoria
6,690
Endianapolis
80,000
Kansas City
541,449
Baltimore
1,113,167
Dawn Mississippi.
50,000
OnraU
541,649
Initoreal.VewYork
buth.
Barley,
buth.
737,311
259,189
32,100
3,226
346,310
204,242
66,000
46.000
279,003
117,529
4,712
81,730
13,700
2,311
139,572
9,387
77,332
19,333
Oatt,
Rye.
buth.
2,792
7,8.-.l
80,000
5,051
76,144
29.435
168,829
35.112
14,516
iisbo
12.609
17,082
88S
3,850
17,555
098
15,i47
4,178
209,908
36,621
43,766.592 8,191,563 3.092,075 1,386.975 361,670
43.772.372 8.412.478 3.020,419 1,539,660 433,240
29,554,420 17,.551,096 4,770,510 1,<>32,487 2,363.223
22,356,391 16,.")93,451 4,515,289 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
was only moderate the past week, the demand for spring and
fabrics having been checked by the unseasonably
summer
cold
weather which prevailed the greater part of the time.
Transactions with
chiefly of a
were more
at
commission houses and importers were
hand-to-mouth character, but California buyers
liberal in their
which they were able
purchases because of the low rates
(for a time) to
make shipments
to the
The jobbing trade opened quiet, but became
rather more active before the week closed, owing to a favorable change in the weather, which stimulated the demand for
certain fabrics that have l)een sluggish of late. Accounts from
Pacific coast.
the West and Northwest indicate that large quantities of
goods are passing into the channels of consumption in those
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 GIoods. The exports of domestics for the
sections,
—
6,744 packages, including 3,647 to China, 1,219 to
Great Britain, 700 to Arabia, 4M to Hamburg, 286 to Brazil,
The demand for
117 to Mexico, 94 to U. S. of Colombia, &c.
staple cotton goods at first hands was spasmodic and irreguothers of
lar, some fairly active days having been followed by
week were
1,633
10
333,129 1,736,228
156,155
361,314
61,910
3.650
347,071
131,051
2,530
8,255
34,014
758,175
8J.819.106
m
Friday, P. M., March 27, 1885.
2,800,566
Oate
Barley
849,738
98,6 16
113,089
follows:
600
1884-5.
Com
0.376.877
1.186,128
supply of grain, comprising the stocks
granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, March 21, 1885, was as
3,885
3,267,0J1
Wlieat
1.806
Busk.
16390,>«6
7.2I8J52
bush.
'.'..".
653,750 2,912,977 1,121,380 81,075
441,453 1,476,466 432,701 163,685
9.751.8m'
visible
8,856
bbla.
Flour
Indies.
BrlU Col'nles
Bbli.
188S-4.
Aut.i7 to Au<i.Wto ^<I«.»7C«
Mar. 82. Mar. SI. Mar.ta.
10,775,779
Tot Mar.25, '82.
Barley,
butH,
16.875
81.
17,189.836
Tot. Mar. 14, '85.
Tot Mar. 22, '84.
Tot. Mar.24, '83.
Oalt,
Mar.
2.17.386
at the seaboard ports for the
Com,
Atlt.Sitrt
82.
18844>.
230.130
433.174
.
Tot Mar. 21. "85.
Wheat,
738.175
Cbm.
1888-4.
3,052.728
Otb. ooantr'B
The
Mar.
1884-5
3,564.801
170.941
267,300
426,107
total receipts at the
22, 1884, to
.
Totsl
4,208,246
15,496,730
6.817,272
1,356 540
617,379
ports for four years:
Floor..^
Oo. Kingdom
Oontlnent
8.*C. Am...
West
1881-2.
1.809,492
4.617.137
347,071 1.736.226
IDMot.
1883-4.
Aug. 86, eo- Aug.2Sto Aug. 87 to
2.836,924
"uo
333,129
Flowr.
1884-5.
6.000,680
bbU.
6,534
131,051
14.931.889
bush.
Butk.
443.841
303,430
JButk.
706.596
oo3.8ee
29.240
950
42.910,618
Aow as follows:
Flonr
117.«'23
1884.
Wesk.
War. 22.
season:
Bblf.
Wheat]
autk.
229.449
Uar. 21.
8,4.)7
82.7«I5.333
1882-3.
Uar. 22.
18.9.13
3.971,158
1883-4.
Biuk.
252.161
85,008
83,639
0,535
12.477
14.510,480
1884-3.
-il
By a<iding this week's movement to our previous totals we
have the following statement of exports this season and last
89,687
The comparative shipments of flour and grain from the sam*^
ports from Dec. 22, 1884. to March 21, 1885, inclusive, for four
years,
Mar.
add IIm
0»m.
WMk.
40.647.933
85,179.618
We
188S.
86.0ia,31.s' 65.785.867
03,006.447
WhtoL
1
1884.
Week,
B» -irrtt tinct
88,737,816
62.073.024
8.788,069
«««.
Contln'nt
8.A C.Aiu
W. Indies
to
below.
year for comparison:
last
1985.
Week,
fiirwMk
lo-
m
of theoe export*
oorreepond'ng period of
45,740
1
1684-5
1888-4
188S-8
The dMdnation
tlie
«tatement8 below, prepared by us from the flgurea of tiie New
Yorli Produce EzchanKe. We flrst give tlie reoeipta at Western
*aJ£e and river ports, arranged bo as to present tl»e comparative movement for the weeic ending March 31 and since Aug. 1
401
conspicuous quiet.
Brown and bleached goods were only
ia
w
1
W
THE CHRONICLE.
402
[Vol. XL.
moderate demand, and the best 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.
Importationti of Dry Ooods*
were taken in fair quantities by jobbers and the manufacturThe importations of dry goods at this port for the week
ing trade, but slight price concessions vcere fonnd necessary
Some large lots of ending Mch. 26, 1885, and since January 1, and the same faota
in order to quicken their distribution.
grain bags were quickly disposed of, and there vpas a good for the corresponding periods are as follows
steady movement in white goods and quilts. Prices of nearly
1
and colored cottons continue very low, and unremunerative to manufacturers. Print cloths were in light demand and easier on the basis of 3i^c. less % per cent for G4x
1 5
Tota)
all plain
Total
at
inHl
po
MA
was made by agents and jobbers alike.
Domestic Woolen Goods.— Operations on the part of the
clothing trade were more numerous than of late, and a
moderately increased business in men's-wear woolens was
therefore done by the commission houses, though there was
an utter absence of snap in the demand. Worsted coatings
and suitings continued to meet with a fair share of attention,
and considerable orders were placed in this connection. Fancy
cassimeres ruled quiet, aside from a few prominent makes, in
which a fair business was done by agents, and there was a
steady though moderate inquiry for beavers and rough-faced
Cotton warp cassimeres were
overcoatings by clothiers.
lightly dealt in, as were satinets and Kentucky jean?, but
there was a continual brisk movement in Jersey cloths, and
more inquiry for heavy cloakings was experienced in some
quarters. Flannels and blankets were taken in accordance
with actual wants, and carpets were devoid of animation.
Ladies' cloths, tricots, all-wool sackings and suitings continued
in very fair demand, and there was a moderate business in
staple and fancy worsted dress fabrics.
Foreign Dky Goods. Importers have experienced a steady
demand for re-a6Sortm?nts of certain specialties in spring and
summer goods, but selections were mostly governed by positive requirements, and transactions were moderate in the
aggregate. The jobbing trade was fairly active at times, but
by no means as brisk as could be desired. The auction rooms
were pretty well supplied with silks, Hamburg embroideries.
Canton mattings, &c., and a considerable distribution was
co;,)!
CXj
'
Miii
I'
tf^
to
toco
"a
MO
K-«>
-^1
M
o^x
o
M
-Itf*-
on
15 Oi
|6-
rn
DEARBORN STREET,
CHICAGO, II.I..
No. 176
MX
CO
CO
iC
Town, Behoo
acd Cur Trust Bought and Sold.
Fltclibiirg
George Whitney,
entire issues receives special atten
you wish to buy or sell.
CO
ffiCJ
(-
cji:^'
tC-Oi
31
ocj:
Transact a general Financial and Agency Business in
the State of Texas and Europe.
New York Correspondents: C. E. WKLLBSLEY,
Bi^KK Bros. & Co.,
General Manager,
Dallas. Texas.
Street.
ESTABLISHED
to critztijCt
CO
QOC._'tOiOC/iODtPh
OiOi
o-auitooo
H
to
O
(K
to"
p01
to 00
>
Keleher
Co.,
-
iVi to 10 per cent, for sale.
(
I
C. T.
WALKEB
Cashier.
German National Bank,
lilTTIiE ROCK,
Capital (Paid In) ftompt attention given to
Katlona IBank and National
ARKANSAS.
.
all
^300,000
.
business in our line.
B ank of
Eustis
B
M to M
M
ODCt^wOt
lO
to
&
3
1
CD to CO or.
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w
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tt)
tOOOOCSM
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lobi^Vib
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tOMc;<jb
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tow
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bto
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to
rOKiCOICCO
-gio
CD
to
ab
V\ —
Ot
M
rf**
1^
c^
<JM0DCr)CO
Brinckerhoff, Turner
&
Worsted Co.,
Coutlueutal
inills,
Fabyan &
COTTON SAILDUCK
And all
BROWN
dc
BLFACHKD SHIRTINGS
AND SHEETINGS,
PRINTS, DENIMS, TICKS. DUCKS,
Afl.
Towels, <lnUts,WtaIte Goods Se. Hoslerj
kinds of
CANVAS, FELTING DUCK, CAB
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, iC, "ONTARIO" 8BAMLHS8
(X)TTON
BAGS, "AWNING STRIPES.
Co.,
York, Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
Co.,
Manufacturers and Dealers In
Also, Agents
UNITED STATES BUNTING
A full supply, all Widths and Colors, always
No. 109 Dnane Street.
Joy, Lincoln
86
&
Franklin
NEW TORK.
88
St.,
&
IS
CO.
In (took
Motley,
Chauncey Street,
BOSTON.
BuUard
119
&
Wheeler,
mAIDEN LANE,
NEW
YORK.
Ocean mills Co., Atlantic Cotton mills,
Clilcopcc mfg. Co., Pcabody mills,
Saratoga Victory mi'g. Co.,
EUerton New mills, White mi'g. Co.,
Uucasvllle mfg. Co..
Underwre ar and Hos ie ry Mills.
BAOOIIVG AND IRON TIES,
BAGGING.
(FOR BALING COTTON.)
STATE BANK,
IXnoorporated 1875. J
George
o
AGENTS FOB
&
Defaulted Bonds of Missouri, Kansas and Illinois a
8 peplalty. Good Investment Seourities, paying
-. from
.-
President.
n
M
P
to
DrUls, Slmeiings, ac, for Export Trcute.
1871.
905 OLIVE STREET, ST. LOUIS,
Dealers In Western Securities.
D. G. FONK8,
CO to
'-'
p:
tOOi
<£>
New
(OF 1.0ND0N, ENGIiAND),
F.
^^COOiO'
MOO
th'i-*
BOSTON, 31 Bedford Street.
1 58 & 60 Worth Street, and
vrw
lUKK-igg
^ vnnv
4 37 Thomas Street.
Mortgage Bliss,
&
COMPANY LIMITED,
P.
H-?
w
l,lucoln mills.
THB
Wall
> w
Ci
to
an
Q
i
totomccco
o p.-':ocp*
m ct o; M ^ ^
s
-O
WMO'Ol
O
to
to -^ CO :c o
«f^
cDclrbb
Arlington mills.
Freeman Tilts. Co.,
Renfrew Mfg. Co., James Phillips, Jr.
state. County, City,
Texas Land
O c: -1 01
rf*
MOD
M CO W lO
MO
10-^
CCioOOtP-C:
rf-
^ M
z
M M
* to M
cooiti^^iaa
M M
cccjicootCi
1» ll
"^tOCOMOi
?
cr.
Co., Brown ,Wood & Kingman
SELLING AGENTS FOR
IKTEISTMENT BANKERS,
Geo. H. Gilbert Mfg. Co.,
If
•
MCOMtOtf*
'-Jt^
CD
&
N. W. Harris
Write us
T
:
WOD
COOm*.'^
t-'<iajwc»
r:>
•
M
P
arm
(D
*a'.
:
gmitijers.
Siil^st^vtx
The fnndtDg of
o
•
CO
»
M
o oo (0 WCnWOO
'#-'tCOit0*J
o
—
tlon.
i
s;
1
*
apt.
fabrics, &c.,
"Rn'NTTl.CJ
JJV/XN UiJ,
g
li
g:
tbe
64s, "futures," 31-lGc. plus 1 per cent- for 64x64s, "spots," and
Prints were less active than
25^c. less 1 per cent for 56x603.
anticipated, but a considerable distribution of ginghams, wash
the Republls
&
ANKHRS,
CINCINNATI, OHIO.
Co.,
Agents for the following brands of Jute Bagging,
Eagle MlllB,""Broolilyn City,""Georgla,""Caroirna?'
'Nevlns, O," "Union Star." "Salem," "llorlcon Mills,"
Jersey Mills " and " Dover Mills."
WARREN, JONES
Ac
CRATZ
ST. LOUIS, Mo.
IMPORTERS OF IKON TIBS
Manufacturers' Agents for the sale of Jnte Bagging
ESTABLISHED
IMPOSTESS OF
1855.
Eugreue R. Cole, IRON COTTON TIES.
Successor to SEARS & COLE,
STATIONER AND PRINTER,
Supplies Banks, Bankers, Stock Brokers and Cor.
poratlone with complete outfits of Account Books
and Stationery.
^^~ New concerns organizing will have their or*
ders promptly executed.
No. 1 WIL.L,IAni
(HANOTEB
STREET,
SQ17AKB.)
OFFICE
CARPETS. OH
Before bujrlng your Carpets, IJnoleura,
Cloths or MattlnRS, call at BENDALIi'S
Carpet Store, 114 Fulton
St.,
Cheapest place in the city.
venlent to call, send lor samples.
flooi-.
basement
If
not coa-
.
March
lt«5
28.
THE <;HK0.M()LK.
i
vu
(Cotton.
ItisnvAttce.
The United
OFFICK OF
THJE
ATLANTIC
(UIUIAM/KD
NEW YORK, January 34, 1886.
the Charter ol
the Coinimny, subiitlt the followlnR Statcmeni
of Its allalre on the Slat Udccmlier, IBSl:
In coiifonulty to
PreiuiuniB on Marli.e Ulsks from
lat Jnnnary. !884, to31gt De-
1.417,756 70
January, 1881
Total Marino
Premiums
January, 1884,
ber, 18n4
Losseti paid
off
aanurea the poiitilarttr andaacceaaof tblaCu.
of TiMiiino I'oliclea laaued.
(luBlrlnd to repreaent the Com§snj, are Invited to uddrosa 1. S. QAFFNEV.
uperlatendent of AKenclea. at Home OOce.
$2,109,919 20
Betnma
Premiums and Ex-
of
$787,789 40
pense*
The Company Las the following
Onlted Status afcd State of
York Block,
fity.
Assets,
at
YOIIK COKKKK RXritANOa,
ftad
COHnKI>rc>.<<I>KNT8
A
McMra. Smith, Edwards
CottoD BrokMt
Co.,
Liverpool.
Mewra. Bamnel H. Buck
A Co.. Now Orlsaiu.
1883.
i
»8:W.H913
k 1W4.
ivxi
lfH-4.
Insurance Written.... ».M)04.211 00
$8,776,6i*5 00
&
Co.,
Cotton Commisgioii Merchants,
Deo.
H7,ie7,108 00 $19,768,804 00
Interest due and unpaid on Total Assets. December ai. 1884. NUNB.
.
.
nAniNE AND INLAND INSURANCE
COMMEROIAL MUTUAL
57
.fc
INSURANCE COMPANY,
WILLIAM
BEET, NEW YORK.
59
NEW YORK.
No. 61 stone Street,
»ii,lll,488 00
Dec. 81, '81.
.SI
ASSETS.
Bank and
Robert Tannahill
1884.
for l)e:ithCtuliiiH, Endi.wmenls. Anniiltioo, Surrent«78,923U8
ders and Dividends
viz.:
New
other^^tocks
NBW
AIM» PROVISIONS
tjio NKW VOHK PIlODirCK KXCIIANUI u«
the ClIICA<;tl ll<IAKI> OK TKAUB.
Psym'ts to Pollcy-holdera
Innurance In force
period
C O F F E K
at the
COMPAKISON or BUSIKISS.
SI, '82.
naiue
tbe
Ok
I.IVKItl'OOL A.VD NVW
KXCII A.NUKH. AIM ordMI tor
All form
New
from Ist
*l,OJ0,27l C4
durlni;
LKAM8 CO'I'rUN
alltr,
$3,405,796 14
31«t Deocni-
to
COTTON
ttheNKW VOKK.
GRAIK
All the profits belonn to the pollor-bolders exClUHlT0l7.
All PuHdes benreforlh tMned are Inoonteatable
for any rauie aflor three y-oara.
Death riuliiiB piild 111 niicM as aeon as aatlafaotor;
jiroofa Hre recelve<l iit itip llonie Ofllce.
Abaolute aecuntjr. ccmiilned with tbs larveat llber-
:&<I
Premiums marked
8 South William St., New Vork.
BXBCUTR OKDKKO KUR FUTURII DBLIVmT
Oio. H. Bt'uroBD. Actuarj.
Premlams on PoUcloo not marked
off Ist
Co.,
OOOl) AtJKNTs,
J3.968,039 44
cember. 1881
Ik
&
COMMISSION MERCHANTS*
IHGO.)
I.V
US
Kroadwajr, New York.
T. II. BR08NAM, President.
C. P. KaALiiau,8ec'T. A. WHXiLWBionT, AastBee,
801, S62
Mutual Insurance Co.,
The TniBteeg,
Insurance Co.
THB CITY or NEW YORK,
IN
Henry Hentz
States Life
CnltedS ati a Securities
t212,590 00
Bank Stocks of .New York City Banks.... 86,638 00
City and other Stocks and Bonds, Loans
347,188 45
and Cash In Bunks
Premium .Notes, anh I'remlimia, Re-ln87,553 31
surunce and uti er Claims
and aal.of
Special attention irlven to the purobaB.
t'uture i'oiitrftcta.
Qdstavds
c.
Hopkins. Lfcirs Hopkins
Charlies D. Millkr.
BMmu
& Co.,
Hopkins, Dwight
COTTON
COMMISSION MERCHANTS
No.
PEARL STREET,
NEW YOEK.
134
i
Loans secured oy Stocks and
2,0C5,li
otherwise
Beal Estate nud Claims due tbe
Company. e»tiiijat<d at
Premium Notes and Bills Ke-
410,000 00
In
1,454,959 73
Bank
261,544
Amount
BIX PER CENT INTEREST on
the outstanding certificates of profits will be paid to tbe holdor
their
legal
representatives,
ers ther«><,t,
on
and after Tuesday, tbe Third of Pebnmiy next.
THE OUTSTANDING CERTIFICATES
cease.
the time of
W. IKVINOCOME-',
w ainwkiout Hardie,
D. King, Sec.
H?" This Company
BIlOW N,
The ccrtltlcates to be produced
payment and canceled.
A DIVIDEND OF FORTY PER CENT
INSURANCE
P.
S.
order of
J.
tlie
YORK.
14. 1842.
RANKERS
AND
SELMA, ALA.! MONTGOMERY, ALA-
ji«tcam5ht|9s.
Warren ewen,
M
TEE
Direct Line to
France.
From
.•«
I
D. Jones.
Charles Dennis,
W. n. H. Moore.
J,tme« Low,
David Lane.
Edmund W. CorUee,
Adolpbe Lemoj-ne,
Gordon W. Burnham,
A. A. Raven,
John Elliott,
James O. De Forest,
n'm. SturgIs,
BenJiimln U. Held,
Joslah O. Low,
Horace Gray,
William E. Dodge,
William H. Maoy.
Charles D. Leverlch.
Thomas B. Coddlngton
Horace K. Thurber.
William Degroot.
John L. Rlker,
N. Denton Smith,
e. A. Hand,
John D. Hewlett.
WlUlam H. Webb,
Henry E. Hawlcy,
<Tiarle« P. i:-ird?tt.
Isaac Bell.
J.
Robt. B. Mlnturn,
Charles H. Marshall,
William Bryce,
George
Bliss.
Wililaui D.
k, A.
RAVEN, Sd
Special Train trotn
The CompoKnie
at
Its office tn
Havre
without examination in
NKW
to
Parl».
in
co.,
nONTGOnERY, ALA.
&
133
Farrar
Jones,
PEARL STREET, NEW VORK..
Llberal-advancv^ made on (^)tton conslKnmeni*
Special atfRntion Kiven to orders for oontxacta f«'r
(uture delivery of Cotton.
EVRB, PARRAR
from
tickets
iiavr'
.
Kenry
i^er
141
LOVIS DE IIEBIAN, A^ent,
nowllns
CO.,
Sc
NOUKOLK. VA.
cers
< tn
t
(t
&
PtTBCHASE O.VL Y ON ORDERS FOR A CollMiaaiO.N
hrd'iL'h tn !»arts
have the »aiMe .lollvered at
New Vork. I'lrr Vi North Klvi
aL least two hours before the J
No,
YORK.
COTTON BUYEKS,
tntiquo delivers
(ien<
Biiit',.'
33 Broad Street,
'
Havre
>'e« \":
to Paris.
dc
jrouN n. CLisBV
•
:
Brothers,
COTTON BROKERS,
M
.
PEARL
'1
abcr 6c
ST.,
Co
,
NEW VORK.
c<>TFro7v.
CSreeu.
Morgan,
JOHN D. JONES, President,
CHARLES DENNIS. Vloe-Presldent
W. H. H. HOORG, 2d
Plor(newM.'.J, North River, foot of Morton St
Travelers by this lineiivoid both trunsit by Knulis
railway and the divcuiuforts of croiisioK the Chauue
In a small boat.
ST. T.AL'RKNT. lif Jousselln. .Wed., April 1, 7 A. M.
AMKUiyUE, Santflli
Wed., Aprils. 11 A. M.
Sr. GEltvtAlN. Traub
Wed., April 15, 5 A. M.
CAKAUA, I'e Kersabiec .. .Wed., .-^pril Ti, 11 A. M.
-^'
in..'):— (Ni IlavroPiiiCK OF IMsyAGKM:
Flrst cabin. $100 and
i.>in. tOttj steerago, liytV-lDCludlnK wti:
,1 utensils.
Uetum ttcketsat vcryre-ii;
iieckson Banque
Transailuntlque. tiavreunil TutI^aIu amounts to salt.
*
John H. Bwih.
Jb,
Ewen
ON L Y
Boanl.
Noe. 31
IJ
Co.,
Buyers of Cotton for a Comralaslon. Orders for Fn
tnre Contracts executed In New York and Liverpool
GENERAL TRANSATLANTIC CO.
Between NICW YOKK and HAVRE.
TR
&
COTTON COMMISSION MERCHANTS
No. 19 So. WlUlam St., New York.
$103,876,178 51
Assets,
i
H. CHAPinAN, Secretarr.
(or SPINNERS and BXPOBTJtBS.
COBHESPONDENCE SOLICITED.
Kefeuences.— Natloniil Bank of Aniniata, Oft
Heury Hentz &, Co.. Commission Merchants* New
York; William B. Dana & Co.. Proprietor* COMMIBCIA L & KiNANciAL CBKOjiiCLE, and Other New York
WMEi\T POLICIES
ORGANIZED APRIL
COTTO
TO ORDER
John C. Graham
Rates Lower than other Companies.
at
Cargill,
COTTON BROKERS,
Honses.
Presideni.
ISSUES EVERT DESCRIPTION OF
LlFEik KNJJO
&
Alexander
ta
Liverpool.
AVOUSTA, OEORCIA.
OF
CO.
WINSTON,
Contracts Bxicttbd
FtrrtrHn
New York and
Entire attention given to purchaae of
MUTUAL NEWLIFE
declared on the net earned premiums of tb.
Company, for tbe year ending 31si December.
1884, for which certificates will be Issued on
and after Tuesday, tbe Fifth of May next.
By
V.P.
issues CertlBcates of Insurance,
at its Bankers, Messrs
Orders fob
LONDON,
SHIPLEY i CO.
THE
ol
the Issue of 1880 will be redeemed and paid Utbe holders thereof, or their legal representa
tlvea, oB and after Tuesday. lUe Third of Febmary next, from which date all Interest thereon
win
Uenry
O.'i
$12,93:1,289 38
t74,').961 76
President.
Total Assets, January 1.1885
lo-aes payable in
celvaule
Cash
00
Vice-President.
Vlae-Pn»ldent.
Advanom
JOSEPH CILLOTTS
STEEL PENS
WO RLD
GOLD MEDAL PARIS EXPOSITION- 1873.
Solo By ALL DEALERSThrouomoutThe
DiHdf
t»ti«>fi.
0*0Cotton boujiht and
"ti t^»*i!ttfa:uiii«nt« nr
cracts for Future Deliverjr uf
•old on onmmtsalon.
<
James F. W enman 6c Co.,
COTTON BKOKER8,
No. 113
,
PEA PL STREET,
Establlsbed
ila
Tuntlne
RiiiidiiH'
N. V.
I^M
THE chronicle:
TIU
©ottou.
Woodward &
Post
[March
^iscjeUattjeotts.
(!yOtt0tI.
Henry P. HatcH.
Arthur M. HaUk
Walter T. EateK.
Nath'l W. T. Haleh.
Stillman,
MERCHANTS,
Building, 16 & 18 Exchange Place
1885.
28,
W.
INMAN, SWANN&Co
NEW YORK.
T. Hatcii
Sons,
6c
BANKERS,
NASSAU STREET, NEW YORK.
14
^"
BBANCH OFFICES LiSj*
*?io
LOANS MADE ON ACCBPTABLK SECURITIES.
/^S*'„"^",''«';"T''
t.napei 9t., NeiT "Si
i
liaven
Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
cash or on martfln.
DEPOSITS RECEIVED— subject to Check at sight
COTTON MERCHANTS,
Ca$h Advances Made on Cotisignmenla.
ORDERS FOR CONTRACTUS
FOB Future Delitkry of Cotton.
BFlCIAli ATTENTION' TO
—with interest upon balances.
New
Special attention paid to
York.
accounts of
I.NVBSTMENT3 and
COUNTRY BANK
l';R3.
cotton, all grades, suitable to wants
of spinners,
Offered on Terms to Suit.
Phenix Insurance Co.
OF BROOKLYN,
charles mathoff.
a. c. ton gundell.
von Gundell & Mayhoft,
COTTON BROKERS,
Noe. 2
&
4
STONE STREET, NEW YORK.
VON OUNDELlT"* MAYHOFF
statement of
NEW
NEW ORLEANS,
rORK,
Keserve for unearned premiums
Reserve for unpaid losses
Netsurplus
COTTO V COMPANY OF STUTTGART.
COTTON FACTORS
PaM-Up
Capital, R.
COMMISSION MERCHANTS, G.
&
Schroeder
HOME
Co.,
WARB & SCHTIOBDKR.
COTTON COMMISSION MERCHANTS,
POST BUILDING,
&
Gwathmey
roRK.
&
16
Bloss,
18 Exchange Place,
Lehman, Abrahj>m
COMMISSION MERCHANTS,
No. 123
PEAKL
ST.,
NEW YORK.
Orders for future delivery of Cotton executed In
New York and
TlBlona in New
Liverpool
:
also for Grain
and Pro-
York.
&
Rountree
COmtiniSSIOX
Co.,
12 OLD SLIP,
N£W yOSK,
AND NORFOLK, VA.
^F"
Special attention given to the execution of urders for the purchase and sale of Cotton, Grain, and
Provisions for future deiivei-y- Orders also executed
on the New Yorlt Petroleum Exchange and Stock
Board. Liberal advances made on consignments.
Fergus Rbid.
Theo. H. Price,
Price,
& Price.
Reid
&
Co.,
& Commission Merchants
NORFOLK, VA.
Cotton Brokers
Liberal advances made on Cotton consignments.
Special attention given to the sale of cotton to
anive or In transit for both forelRn and domestic
noarkets.
Correspondence
solicited.
New
Liberal advances made on cotton consifmmentA
Sped' 1 attention dlven to orders for contracts fo
future delivery of cotton.
Geo. CopeJand
Church
Ke-m York.
Wm. Mohr.
&
Co.,
WALTER &KROHN^
t3
COTTOiV BROKERS,
BEAVRR STREET, IVEW YORK
F. Hoffmann,
COTTON BROKER AND AGENT
«g HUE DE I.A BOURSE, HA VH
Moh r, Hanemann&
123 PEARI. ST., 186
New
Dennis Perkins
135 Pearl Street,
deceive consignments of Cotton and other Produce
and execute orders at the ExchanKes In Liverpot^l
Represented In New York at the oHice of
BABCOCK,
Nassau Street, New York.
D.
Feilowes & Tileston,
COTTON, STOCKS, BONDS, dec,
WILLIA.M STREET,
NEW
& Co
New York.
prompn
$9,013,517 40
for
"2,049,026 85
Capital
4,L'00,000
^ET SUKPLUS
JA.S.
.\.
New
St.,
ALEXANDER,
North
&
00
$2,964,490 55
York.
Agent.
British
Mercantile
Co.
Ins.
OB
LONDON AND EDINBVROH.
S. Branch Statement
Invested and Cash Fire Assets
U.
Jan.
1,
1885.
$3,301,747 61
LIABILITIES:
Reserve for Unearned Premiums
Keserve for Unpaid Losses
Other Liabilities
tl,16,S,06S 85
179,379 97
44,748 48
Net Surplus
],9!24,S33Sr
$3,301,747 61
Losses paid in U.
.$1S,'J10,33'2 00
Office, 54 William St , N. Y.
3. in
18 years
.
8. Branch
CHAS. E. WHITE, SAM.
U.
P.
BLAGDEN,
Managers.
JAS.
F.
DUDLEY,
Snpt. of Agencies.
YORK.
Futures" e.vecuted at N. Y. Cotto n Bxch.
&
Waldron
Tainter,
COTTON IHERCIIANTI^
'>»
DAVIS,
(From Report
O ontfnercial
PKARI- STREET.
DIAMOND HAMS.
COTTON BROKERS,
Ordeia for Spot Cotton and Futures
H««<itad
Orleans, La.
BABCOCK&CO.
In "
1, 1885
unpaid losses
and re-Insurance fund
Liabilities
No. 2 Cortlandt
COMMISSION MERCHANTS.
Water Street, LIVERPOOL,
25
OF HARTFORD.
Co..
IT
Orders
Company
Insurance
Assets January
future CONTRACTS.
32
iETNA
GBAVIER ST.,
New
York.
»7,8»5,Q90 55
CHAS. J. mARTIN, President.
J. B. VTASHBITRN, Secretary.
Street,
Special Attention Giten to the ExKClmo.^
S.
I-..
Cash Assets, Jan, 1,1885
Hankmann.
H. W.
00
Reserve for Unearned Premiums
2,847,565 00
4> 5,798 6i
Reserve for Unpaid Losses and Claims.
Netsurplus
1,141,726 61
Co.,
Orders 6' ecuted at the Cotton Exchan>res in New
York and Llverpuol, and advances made on Cottnn
and otiier produce consigned to us. or to our correspondents in Liverpool. Messrs. B. NewKass & Co..
and Messrs. L. Roseii iieim &. Sons.
SAM'L
COTTON BROKERS,
134 PEARL NTitRRT, KEW YORK.
Durr &
tJp-Towif Office, No. 204
B. F.
York.
IjBhman,
COminiSSION mERCHANTS,
No. 40 EXCHANGB PLACE,
MEMBERS OF THE COTTOS, COFFEE AND
PRODUCE EXCHANGES.
And Geueral Commisaiou Merchants.
St.,
Co.,
OFFICE 119 BROADWAY.
CASH CAPITAL
$3,000,000
Montiioraery, Ala.
OF ORDfcRS for
& Wakefield,
COTTON
Tuttle
84 Beaver
Jt
Orleans, La.
York.
OF NEW YORK.
LEHMAN BRO'S,
Cotton Factors
AND
MERCHANTS,
NO.
Idtte of Eure, Farrar
New
New
Company
Insurance
Successors to
NEW
CROtVELI., President.
WM. R. CROWELL, Vice-President.
PHILANDER SHAW, Secretary.
WM. CHARTERS, Assistant Secretary.
FRANCIS P. BURKE. Sec'y Local Dep't.
M. 6,000,000.
AND
16 and 18 Exchange Place,
287.827 87
640,991 18
$4,342.4S0~M
STEPHEN
Authorized Capital, R. M. 20,000,000.
Post Building,
2,390,885 97
..
..
AGENT FOR
COTTON BUYKKS.
ME lU PHIS, TENN.
Fielding & Gwynn,
195 Broadway, New York City.
Company Isi Day of Jan., ISS-'S.
CASH CAPITAL
11.000.000 00
Office,
G. E. Staenglen,
BRAND,
Jr.'g
to State
Hog
LJnion Ins, Go.
Cincinnati.
Department on American
Products.)
had the pleasure of Koing through the establishment of S. Davis, Jr. & Co., Cincinnati, and of
.seeing the care and e-xpertnesa with which the hams
were handled, until they were packed ready for
export; and as this house may be said to represent
I
Ham curing in tlie United State.**, it appears to me
that no hams is the world can surpass the American
for purity, cleanliness and flavor.'*.
{Oi
LONDON.)
ALFRED
PELL,
Resident Kanagtr.
Cor. Pine
& William St^
@FedFRASER