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MERCHANTS*
ammtrti
HUNTS
^
mmt
y
MAGASINB,
'QtWtXUXptit,
representing the industrial and commercial interests of
the
united
states.
(Entered, according to act of Congress, in the year 1881, by Wm. B. Dana Sc Co., in tbe office of the Librarian of Congress, Washington, D. C.l
SATURDAY, MARCH V5, 1881.
VOL
CONTENTS.
THE
CHRONICLE.
241 Imports and Exports for Jan.,
The Financial Situation
The New Monetary Conference 242
per cent. As we
is thus reduced
ernment
NO
819.
stated last week, when the profit to capital
by a government to a minimum, tho gov¬
must extend
to it
the maximum of
safety or it
disappear. In this case Congress took away from those
249
ruary, 1881
U. S. Treasury Statement
249 currency makers freedom of action and, at tho same time,
The Importance of Reform in
Monetary and
Commercial
left little or no profit.
246
Canal Tolls
One is at a loss under such circum¬
English News
250
Financial Review of February 247 Commercial and Miscellaneous
stances
to understand for what
News
purpose our legislators and
252
THE BANKERS’ GAZETTE.
their censorious friends fancy the
banking business is pros¬
Money Market. U. S. Securij General Quotations of Stocks
We trust that this experience will at least teach
tiesi Railway Stocks, Foreign
I and Bonds
256 ecuted.
Exchange, New York City
| Investments, and State, City
Banks,etc
254 |
and Corporation Finances. .."262 them that banks are not eleemosynary institutions, and
THE COMMERCIAL TIMES.
that the capital will continue in tho business no
Commercial Epitome
266 1 Breadstufts
271
longer
Cotton
267 | Dry Goods
272 than it is believed to be safe and
profitable.
The feeling in Wall Street to-day is very
naturally in
marked contrast with that of a week ago.
Then all was
The Commercial and Financial Chronicle is issued every Satur¬ in doubt and the situation was
regarded as very grave.
day morning, with the latest news up to midnight of Friday.
The early efforts of the Secretary of the Treasury to relievo
[Entered at tlie Post Office at New York, N. Y., as second-class
the market were too Indirect, and for the moment un¬
mail matter.]
availing, and it was not until the afternoon of last Saturday
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
For One Year (including postage)
that
the tide turned.
$10 20.
Then the change was mainly brought
For 6ix Months
do
6 10.
Annual subscription in London (including postage)
about
£2 7s.
through an error in the bank return, by which the
Six mos.
do
do
do
1 8s.
Subscriptions will he continued until ordered stopped by a written condition of tho banks appeared far better than was ex¬
order, or at the publication office. The Publishers caunot be responsible
for Remittances unless made by Drafts or Post-Oilioe Money Orders.
pected. The speculators who had been making untiring
Advertisements.
efforts to arrest the decline took fresh courage and
Transient advertisements are published at 25 cents per line for each
rapidly
insertion, but when definite orders are given for five, or more, insertions,
whirled tho market upward. The panic was then at an
a liberal discount is made.
Special Notices in Bauking and Financial
column 60 cents per line, each insertion.
end.
The fact that the deposits to retire circulation,
London and Liverpool Offices.
The office of the Chronicle in Loudon is at No. 74 Old Broad St reet
though in excess of the purchases of bonds, daily grew
and la Liverpool, at No. 5 Brown’s Buildings, whore
Export
Trade—Breadstuffs, Provisions, &o
Cotton Consumption and Over¬
land Movement to March. 1..
Our
and for Seven and Twelve
Months Ended Jan. 31
248
The Debt Statement for Feb¬
will
,
3?hr Chrcwicle.
c
subscriptions and
advertisements will bo taken at the regular rates, and single copies of
the paper supplied at Is. each.
william b. DANA,
JOHN Gr. FLOYD, JE.
t.
)
5
WILLIAM B. DANA & OO., Publishers,
79 & 81 William Street, NEW YORK.
Post Office Box 4592.
THE FINANCIAL SITUATION
The attempt by Congress to coerce the National banks
has resulted in failure; the causo of the trouble lias been
removed
by the veto of the bill by the President, and conapparently restored.
It surprises us
beyond measure to seo how persistently
a
large number of political newspapers misrepresent the
question which has been at issue. That fifth section, as
we said when the bill was before the Senate
Committee,
was
wrong in principle and, if onacted, could not fail to
fidence in the immediate future is
*
disturb the financial situation.
We notice that
some
per¬
sons
attempt to defend the worst feature of the section, on
the ground that it was
the revival of an old law
under which the banks existed for several
oniy
years.
This
argument would'have some force in it if the important
fact of the value of circulation to the banks had not
changed.
wholly
In those old times, the note-issues were made
bonds; tho Funding bill proposed that here¬
after they should be on 3
per cent bonds; in the former
on
6 per cent
period tho banks made nearly 4 per cent on
their circu¬
lation; under the new law tl*ey would make less than one
smaller, showed that tho banks
were
becoming
more con¬
fident that the
Funding bill would not prevail. Then, too,
steady flow of money to this centre from some interior
points gave further assurance that the worst of the pinch
was over; while the
large purchases of stocks openly made
in our market for foreign account materially aided in re¬
storing confidence. Tho rate for money on call fell from
day to day until normal figures were reached on Thursday;
and even by Wednesday money was so plentiful that it
was offered at 2 per cent late in the afternoon
against
per cent commission on the previous Friday.
This apparent abundance of money was duo not so
much to the increase in supply as to the decrease in the
demand.
The liquidation in tho stock market resulted in
a material
lessening of tlio inquiry to carry stocks, and tho
enormous short interest
existing created a borrowing
demand for the principal securities, which caused lend¬
ing on the exchange at very low figures. As money,
therefore, was in leas urgont request, tho slightly increased
supply was sufficient to bring about the result above noted.
The amount of gold and legal-tenders deposited with,
the Assistant Treasurer, for tho purpose of retiring cir¬
culation, amounted last Friday afternoon to $13,033,316.
Since then there have been deposited $3,010,306, making,
the total $10,073,710.
lly last Friday the Assistthe
el
CHRONICLE,
THE
2i2
[VOL. XXX11.
net gain, which is a loss to the
banks, of $109,865. An error of $10,000,000 was made
$3,687,300, and since then he has bought $‘2,489,850,
making the total up to last evening $6,177,150. The an¬ by the Clearing House last Saturday in the item of
nouncement was made on Thursday that the. Treasury deposits, which were given as $286,54 7,300, instead of
$296,547,300. The corrected figures showed the banks to
department would, on Wednesday next, receive offers for
be $1,014,625 below the 25 per cent limit, instead .of
$5,000,000 5s or 6s of 1881, thus resuming weekly'bond
$1,485,375 above, as was first reported. As last week’s
purchases which have been suspended since November.
statement was made up on declining averages, we may
Takings of securities in this market for -London and
The
Continental account were so large that early in the week expect another unfavorable statement to-morrow.
rates of exchange at St. Louis are 25 cents per $1,000
the foreign exchange market was thoroughly demoralized.
and at Chicago 75 cents per $1,000 discount.
WhileThe fall in all our stocks was so far below the London
equivalent that there was a very considerable margin of comparatively little money may be going to the former
profit in transactions by cable, and all the foreign bankers place, it is reported that Chicago has been drawing upon
had as much as they could do to execute these orders.
As this centre, and it is probable that funds which were sent
here from Boston have been returned.
The receipts of
fast as the stocks were purchased, cable transfers were
drawn; these were thrown upon the market, pressing down¬ currency by the leading banks of this city during the week
amounted to $1,816,000,: and the shipments to $1,005,000,.
ward the rates, until first-class bills were sold at almost un¬
precedented figures, such as $4 75 for 60 days, $4 77^ for making the net gain $811,000. The Bank of America
received during the week $1,300,000 gold returned to
sight, $4 78 for cables, $4 74 for prime commercial, and
vault by the associated banks.
$4 70 for documentary bills. For two days, at least, the
to $2,584,453, making
bonds, amounting
purchased
had
Treasurer
ant
unsettled that the
exporters sustained heavy losses by reason of sacrifices
upon their bills.
On Wednesday the market became more
steady, and by Thursday it had resumed -its normal con¬
dition.
The following table of relative prices of the prin¬
cipal securities in
New York and London at the
opening on each day, will give an idea of the margin of
foreign exchange business was so
profit in these transactions.
Lsmd'n
Lond'n
X.Y.
Mar. 3.
Mur. 2.
31 m-. 1.
Feb. 28.
X.Y.
X.Y.
Lond’n
Lond'nj X.Y.
Mm -. 4.
Lond'n
X.Y.
prices.
prices* prices. prices.* prices. prices* prices. prices.*[prices. prices*
112 05
113%
U.S.4s,c. 111-72 112% 112 29 112% 112-29 112%
113 113-01
101
'9994
99 91 100%
99-73 1003*
99-73
99-12
100}*
100}*
U.S.5s.c.
|
48-88*1
4830
47
4781
40%
48-78
48%
con.
9852
983*
99-J8
98
90-98
100- IS
Ill. Cent.
130-32
131
13101
129}*
13258
99} i
131%
N. Y. C-.
14016
145}*
146-34
144
148 03
1463*
147 37
Reading
31-08+
05
32111
03
33-321
00
Erie
2d
132-01
32
47-%
4912
! 98}*
[ 131
100 18
j 145
91+j
03
133-34
148-31
33-39c
Exch’ge,
cables.
Expressed in their New York equivalent.
basis of $f>0, par value.
Note.—The New York equivalent is based upon
cable transfers, which ordinarily covers nearly
interest, insurance and commissions.
99%
132%
140%
06}*
4-8 i
4-84
4-83
4-83
4-80
49
*
+ Reading on
the highest rate, for
all charges, such as
exchange from the causes assigned above
gold shipments from London.
On Saturday
£101,000 were withdrawn from the Bank of England for
The decline in
started
this purpose, on
£100,000.
This
Monday £163,000, and on Wednesday
a
MONETARY CONFERENCE.
Another international monetary conference is soon to be
held. The disturbances which the demonetization of silver
THE HEW
causing, have at length become so evident and so
unbearable, that Europe is anxious now to devise a remedy.
France takes the initiative this time, and the United
is
represented.
We should have preferred, if our Government could
have done it without offense, to have stood aloof, until
some definite plan, assented
to by the leading powers of
States consents to be
presented with the invitation. Twice
already—and the second time in a peculiarly undesirable
way—the United States has shown its more than willingness
to adopt bi-metallism.
These advances were on each occa¬
sion repelled, and on the last in an almost uncivil manner.
In the meantime, however, our financial condition has
quietly improved, in fact 'has become eminently satisfac¬
tory, and it is almost if not quite a matter of indifference
to the country what Europe’s present action may be.
For
there is but one step which is of any immediate import¬
ance for us to take
in all this matter ; that is, to stop the
coinage of silver dollars, and having done that and thus
given new energy to the squeeze now in process of devel¬
opment in the old world, let Europe work out its own
Europe,
was
total of £364,000, equal to salvation.
$1,820,000, supposed to be in transit. The cable reports a
We are, however, to-day just as firmly wedded to a belief
loss of £97,000 bullion by the Bank of England during the in the
necessity of bi-metallism as we have hitherto
week, and the proportion of reserve to liabilities now stands Early in the controversy we showed that the world’s com¬
makes
a
fieen.
last week. The Bank of merce must ever be' hampered and its progress fitful soFrance reports a gain of 6,716,000 francs gold, and
long as restricted to a gold basis. It seems scarcely neces¬
3,150,000 francs silver. The following shows the amount sary to inquire what is the condition of that commerce
of bullion in each of the principal European banks this
The iron and the cotton industries for exceptional
now.
week, and at the corresponding period last year.
reasons have enjoyed a moderate degree of prosperity, but
at 46 13-16 per
cent, against 49-J
March 3, 1881.
March 4,
1880.
they
continued
Gold.
Silver.
Gold.
Silver.
£
£
£
£
Bank of Germany
28,515,985
27,582,584
22,223,792 48,763,030 31,490,440 50,538,101
9,728,000 19,456,000
9,375,658 19,950,932
Total tills week
59,182,034 68,713,962 69,734.425 69,994,101
Total
59,010,569 68,588,147 69,372,380 69,921,156
Bank of
England
Bank of France
previous week
The above gold and
Bank of Germany is merely
no
information
on
silver division of the stock of coin of the
popular estimate, as the Bank itself gives
that point.
are
about the only ones which have given any
signs of life- in Europe. There is but a single
constantly to want
any individual over there appears
and that is, gold or securities which are quickly
thing
convertible
into gold.
The repeated weekly report is, no increase in
the demand for money for commercial purposes.
Capital
shuns trade, commerce and manufactures. When the Bank
of England puts its rate up, it is simply a device for tight¬
ening its grip around its bullion, not an evidence of any
Treasury operations this week include the deposit movement in capital towards productive enterprises.. So soon
of gold and legal tenders by the banks for the purpose of as the Bank by its advance in the rate snuffs out the little
retiring circulation and payments by the Treasury for glimmer of animation which had appeared® in any depart¬
bonds purchased and for interest due on the 1st inst. ment of business, and brings things down to the dead level
From Saturday to Thursday inclusive the net loss by the of stagnation, it drops the rate again, for no one wants its
The gain • last Friday was money if it is to be held subject to such feverish impulses*
Treasury was $2,474,588.
The
THE
5, 1881.],
March
received this week from Mr. John Hector,
We have
of
Kensington, England, an interesting pamphlet just pub¬
lished, called “The Deadlock,’’ the purpose of which is to
-enforce this very idea and show how the discarding of
silver has disorganized and is holding in check the indus¬
tries of the world. The truth is, while commerce was being
deprived of one-half its currency basis, there arose a gene¬
ral want for the other half, gold. < First France, then Ger¬
many, then the United States, drew upon the old reserves,
and
now
work; and,
Italy is about to enter upon the same
'probably; soon Austria and Russia will follow. Already
the drain has proceeded to such an extent as to endanger
gold valuations in at least France and Germany, and there
is no way, as Mr. Hector says, and as we showed last
January, to meet Europe’s new demands except by drawing
Gold production will do little
on the active currency.
more than supply the annual consumption of the old world
in the arts and manufactures; for although the mines turn
out about 100 million dollars, yet, judging ’from the past,
no
more
than 25
or
30 millions of it is
likely to reach
We presented these facts with considerable
Europe.
detail two months since.
Under such circumstances, the
sensitiveness of France,
Britain, to any call upon their gold
reserves is easily understood; and, with this danger hang¬
ing over their monetary systems, a positive paralysis of
individual energy and credit is the necessary sequence. It
will surprise no one, then, that Europe should be more
ready to treat on this subject than a year ago, for this
malady has developed rapidly the past twelve months.
Even now it would be impossible for gold valuations to
Germany, and Great
continue in
one
or
more
of those countries, if we should
and how well are any of them pre¬
pared to meet a gold, demand through another year
anywhere near that of the last twelve months from this
side, especially if such a demand be added to the expected
new requirements for Europe ?
These thoughts in part
explain why it seemed to us well to hold aloof from this new
conference, unless some definite plan was first agreed upon,
Still, as the Government has consented to be repre¬
stop coining silver;
sented.
we
trust that the
will be selected with
to see men
retical
4>r
Commissioners for this country
great care.
We should much like
this time of practical as well as theo¬
Some of our best-informed merchants
represent us
knowledge.
bankers in active business life
would, according to
243
(CHRONICLE.
our
for the month of January, just made pub¬
lic, show an excess of merchandise exports over imports
of $28,910,438, against a similar excess for January, 1880,
of $11,788,685.
The exports amounted to $74,077,228,
against $66,997,173 for January last year, an increase of
$7,080,055; the imports, on the other hand, declined
from $55,208,488 in 1880 to $45,160,790 in 1881.
With
the larger merchandise balance this year, the imports of
specie rose from $1,584,064 in 1880 to $5,690,124 in 1881,
and the exports having been about the same in both years,
the net addition to our stock of the precious metals from this
source was about $4,100,000 more than in January, 1880,
when the excess of specie imports was only” $165,565.
The greatly improved condition of our internal trade is
very plainly reflected in the more active export business
and, compared with a year ago, in the smaller imports. The
imports in January, 1880, owing to the wild speculation
prevailing and the high prices ruling for all classes of
goods, were very heavy for the time of year; This is
more
evident if we compare that movement with the
figures for January, 1879, when the imports footed up
only 33£ millions, against the 55 millions reported for
January, 1880.
The total for 1881 is 11£ millions
above that for January, 1879, which, however, is due to a
legitimate growth in consumption, the result of a healthy
increase in business activity.
The same speculation that
stimulated imports of foreign goods last year, also checked
exports of domestic goods, as before remarked in these
columns, though the total of the latter was nevertheless
larger then than in 1879, being $66,997,173 in January,
1880, against $59,409,194 in January, 1879. This year,
notwithstanding the lower values ruling on many leading
articles, the total exports still further increased, reach¬
ing 74 millions, as already stated. The following will
whole country
-
show the inward and outward movement for three years
DOMESTIC
AND
FOREIGN
EXPORTS
OF
MERCHANDISE
Boston.
no
one more
could be induced to
UNITED
January.
1879.
1S81.
1880.
New York
New Or cans
Baltimore
Boston
$30,366,792
$25,812,566
$22,639,078
12,815,640
4,183.209
4,367,286
Philadelphia
2,287,035
3,805,2 tO
17,841,850
14,489,986
10,919,476
3,379,901
2.941,024
3,205,899
1,747,057
14,576,699
$74,077,228
$66,997,173
$59,400,194
10,727,372
3,670,381
5,318,558
San Francisco
All other ports
Total
IMPORTS OF FOREIGN MERCHANDISE
At the moment we can
suitable than Mr. B. F. Nourse, of
We do not know that he
FROM
STATES 1*0 RTS.
2,491,517
2,836,9**9
INTO UNITED STATES FORTS.
belief, meet all the requirements.
think of
at
leading ports and the totals for the entire country.
the six
Jannai'y.
New York
New Oi leans
Baltimore
Boston
1879.
1881.
1880.
$32,214,075'
$40,929,270
$24,715,442
956,360
1,631.3*3
437,195
820,545
1,273.849
4,448,448
1,197,941
2,246,232
2,659,700
he could the Government would
726,464
2,534,537
4,767,801
have a representative thoroughly acquainted with the
1,336.898
2,394,098
Philadelphia
2,441,053
2,195,301
Francisco
•subject in all its bearings, and one who knows how to San
1,324,051
2,334 275
All other ports
present lF with dignity and with intelligence. This is a
$33,515,640
$55,208,488
Total
$45,160,790
purely commercial question which is to be settled, and men
The exports at New York increased from $25,812,566
of commerce are, therefore, the best agents.
If such could in 18S0 to
$30,366,792 this year, the gain being almost
be selected, not only to represent the United States, but
wholly in provisions and breadstuffs, provisions showing an
also to represent the countries of Europe, we should have a
increase of about $3,450,000 and breadstuffs about $1,150,much stronger belief that a settlement would result from
000.
New Orleans exports fell off, but New Orleans
accept the position, but if
.
•this conference.
The loss for
Balti¬
OUR EXPORT TRADE—BR EAD STUFFS, PRO¬ the month on this account was about 22,500 bales.
more’s smaller exports can be traced to a smaller breadVISIONS,, ETC.
The loss in the value of its breadstuffs
Our foreign commerce continues in a remarkably favor¬ stuffs movement.
able condition.
This is true with reference to our imports exports (in part due to the lower prices this year) was about
and the whole list of articles which make up our exports, $1,100,000, but, as an offset, there was a gain of $700,000
but most emphatically so in those particulars which show from provisions. Boston also increased its exports of provi¬
the shipments of our leading staples of domestic products. sions, and with them its total exports. Philadelphia had
The facts we have gathered with regard to the latter a smaller aggregate this year, but the explanation cannot be
found in the breadstuffs and provisions exports, as, together,
will be found especially promising.
According to the Bureau of Statistics the figures for the these gave a slight increase in value. San Francisco’s
r
had
a
smaller cotton movement in
January.
increased
figures were in part caused by augmented breadstuffs shipments.
The value of the exports of breadstuffs
and of provisions in January of the last two
years, at the
ports already mentioned, is shown in the following. It
should be remembered that under the head of
provisions,
&c., are included tallow, butter, and cheese.
EXPORTS
OP
BREADSTUFFS AND
PROVISIONS
JANUARY.
FROM
$6,981,052
680,784
1,964,204
927,699
Philadelphia....
729,283
Ban Francisco
2,853,928
1881.
Quantity.
Oats
bush.
bush.
bbls.
bush.
Rye
bush.
Wheat
Wheat-flour
bush.
bbls.
Corn-meal
$5,824,552
$10,357,826
695,103
3,083,411
890,405
994,935
2,313,207
$6,903,111
11,265
856,594
2,642,737
13,988
151,664
1,576,529
558,942
19,338
..
so w^e
give
EXPORTS OF BREADSTUFFS DURING JANUARY.
Corn
1880.
876.122
38,215
the breadstuffs totals,
Value.
1881.
1880.
1881.
9,574
3,010,884
34,263
17,229
117,763
8,220,390
86,142
6,298,099
19,155
21,987
257,446
5,828,429
749,441
4,984
1,738,705
104,131
8,447
120,988
8,708,169
422,392
4,253,982
2,561,693
14,939,406
14,632,882
1880.
~~
IN
Provisions, <£c.
1880.
Hew York
Few Orleans....
Baltimore
Boston
PORTS
interesting to have also the different items
that went to make up
them below.
Barley
Breadstuffs.
1881.
LEADING
It will be
One item
in
this last
table illustrates
62,180
3,786,008
59,913
10,980
247,765
7,904,343
strikingly the
difference between 1881 and 1880 in the matter of
prices.
the
For while the number of bushels of wheat
exported
first of
increased from 5,828,429 to 8,220,390, or about 40
The exports of merchandise from all
ports except
six .given in detail, were, it will be seen
by the
tables, $17,841,850, against $14,489,986 last year,
per
or an increase of
cent,
the
value
of
the
same
increased
$3,351,864. This increase came almost
only from $7,904,343 to $8,708,169, or but little more than 10
entirely from the cotton ports, which sent out more cotton
per cent.
In other words, the
in January this year than last
average price of the exports per bushel,
New Orleans, one of
year.
the six ports stated separately, had a smaller cotton move¬ which in last January was about $1 35£, was this year less
ment, as already noted, and so had Charleston, though than $1 06. Had the price been the same in both years,
the latter only to an unimportant extent.
The following the value of the wheat exports, instead of being only
table, showing the value of the merchandise exports from $800,000 larger than last year, would have been pretty
the ports of Charleston, Galveston, Mobile,
Norfolk, Savan¬ nearly $3,300,000 larger, and the country’s total exports
nah, and Wilmington, may serve to make these facts clear. would of course have been increased by a corresponding
EXPORTS OF MERCHANDISE AT LEADING COTTON PORTS.
amount.
But last year’s prices were
unnatural, and could
above
not be
January.
Charleston
Galveston
Mobile
Norfolk
Savannah
1881.
1880.
$2,406,256
$2,909,593
4,659,467
1,884,933
2,062,350
2,990,908
555,109
Wilmington
Total
$14,559,023
When the
1879.
1,988,630
1,772,367
1,368,301
2,838,958
461,032
$2,851,853
2,863,644
848,792
1,828,417
2,480,854
322,118
$11,338,881
$11,195,678
This table shows that
maintained.
found
that
February figures
the
are
made up it will be
of
wheat and wheat flour
forward so actively of late as to give full*
realization to the anticipations which have heretofore been
expressed in our columns, that notwithstanding the better
crops in the west of Europe and in Great Britain, in 1880,
and the excessive yield in this
country, there was no need
to accept ruinously low
prices to promote shipments to
foreign countries on a scale that would dispose of our
surplus. And here it may be noticed that an important
proportion of the increase has been in wheat flour; consti¬
tuting, in fact, a new feature in the trade. Within the
past few years, a demand has sprung up from foreign
buyers for special brands of American flour, in bags.
Dealers in England and other countries have selected their
own brands, and contracted
for the regular shipment of
exports
have gone
$3,220,142 of the $3,351,864
reported under “all other ports,” was contributed
by these districts. The most conspicuous increase was
made at Galveston, where the value of the
exports rose
from $1,988,630 in January, 1880, to $4,659,467 in Jan¬
uary, 1881.
The exports of cotton from that port were
this year more than double those of last
year.
Next in
importance in amount of increase is Norfolk, which also
had much larger cotton shipments this
year than last.
It
should not be forgotten in this connection that the
price of
cotton was lower than a year
ago—probably fully one cent what their trade
required. Certain brands of flour made
per pound on the average—and the increase in values of
by our city mills, and in St. Louis and Minneapolis, have
exports is the more important for that reason. Alto¬ also come to meet
with a very steady demand for
export,
gether, there were exported from United States ports in based on their
reputation.
January, 1.881, about 70,000 bales more of cotton than in
Thus the exports of flour from the United States have
January, 1880.
increased enormously.
They amounted to 4,751,634 bbls.
The increase in the movement of
provisions, already for the seven months
ending February 1, 1881—an in¬
alluded to in the case of individual
increase
marked when
we
consider
ports, becomes very
the aggregate of all the ports.
It should be
stated, however, that although the prices of
than last, provisions were
an
exception, beef, bacon, lard and pork all having been
higher. Of course this helped to swell values; but, aside from
that, there was also a decided and positive increase in the
quantity exported, as will be seen from the following table,
which includes exports from New York, Boston,
Baltimore,
Philadelphia, New Orleans, San Francisco, and several
most articles ruled lower this year
minor districts.
EXPORTS OF
never
1881,
Bacon and hams
Bard
Pork
Tallow
Batter
Cheese
1880.
14,356,343 12,066,696
96,451,358 62,885,402
35,632,304 22,009,224
12,192,081
6,222,727
2,481,806
9,596,244
6,807,655
8,537,833
2,578,210
7,561,316
Yalue.
1881.
1880.
$
$
1,222,724 976,888
7,740,798 4,227,330
3,235,734 1,713,757
905,543
426,331
524,345
1,163,182
453,297
661,031
550,109
965,035
15.218,657 9,547,447
of
than 31
the corresponding
period in 1879-80.
Reducing the flour to wheat, our
exports for the seven months ending February 1, 1881,
equaled 120,813,527 bushels, against 122,198,071 for the
seven months
ending February 1, 1880—a very slight
decrease, and one that derives significance from the differ- '
ence in
the general position abroad as
regards crops,
prices, etc. There was no special deficiency in supplies
anywhere, and therefore no high prices to stimulate
exports, and yet exports have been maintained on a scale
PROVISIONS, .tC., DURING JANUARY.
Pounds.
Beef, fresh and salted
crease
more
before exceeded
per cent over
but
this branch of trade needs
than is here
presented.
once.
The healthfulness of
no more
effective demonstration
And, besides, it is probable from
fragmentary returns that have been received of the
exports of wheat and wheat flour for the month of Febru¬
ary just closed, that the movement for the eight months
ending the 1st instant will exceed all precedent. Values
of course, however, show a notable
decrease, amounting
for the seven months ending the’1st
February to $136,the
Sen
5, 1281
THE
]
CHRONICLE.
for the corresponding
period of the previous fiscal year. According to present
promise, the prospect is that, in quantity, the exports
against $153,791,263
394,306,
from the United States
transcend all former years,
though possibly falling below 1879-80 in aggregate values.
wheat and wheat flour
for the current fiscal year will
of
monthly review it would be, than for the same month of
last yea?.
On the first of Februarythe excess in receipts
at the ports was 257,789 bales; on the first of March this
difference had been increased to 382,599 bales.
table of receipts, exports, &c., is as follows.
Movement from
Sept. 1, 1880
March 1,
1881.
to
CONSUMPTION
COTTON
MOVEMENT TO
Our
AND
OVERLAND
MARCH 1.
day to the first of March. The figures, therefore, now cover
the first six months of the crop season, and furnish a clearer
indication of the year’s yield than even last month’s figures.
MOVEMENT TO MARCH
1, 1881.
New Orleans..
Mobile
Florida
Savannah
Brunsw’k, &c
Charleston
Pt. Royal,&c.
....
Wilmington
Moreh’d C,&c
LRCII 1.
1880-81.
1879-80.
City Point,&c
New York
Boston
Baltimore
112,114
20,751
30,807
Philadelp’a,<fec.
Total
207,948
30,876
Over Illinois Central.
Over Cairo & Vincennes.
Mississippi River, above St. Louis
257,978
35,256
63,500
121,545
360,569
55,483
81,503
97,261
17,108
58,709
31,236
33,659
27,043
62,975
23,346
9,731
21,125
97,233
64,001
42,989
50,101
Mar. 1.
Total.
58,741
297,565 106,454
603,176 224,841 189,851 1,017,868 294,403
50,943 13,476
5,769
70,188 50,047
5,086
172,590
30,892 194,551
393,033
83,126
148,166
47,747 136,600
9,630
*i,444 11,222
332,513
32,596
60,796
2,713
67,049
4,871
263,631
19,708
22,966
54,383
258,969
2,850
1,812
214,281
56,703
66,960
31,800
25,843
46,515
2s 6,639 198,768
56,703
81,092
31,902
14,132
102
8,390
11,657
14,071
4,598,528 1,888,885 377,969 668,925 2,935,779 860,122
Total 1879-80
*
Conti¬
nent.
.
4,215,929 1,637,728 262,373 570,944 2,470,945 969,905
Great Britain exports include to the
Channel.
Using the facts disclosed by the foregoing statements,
shall find that the portion of the crop which has reached
a market through
the outports and overland, and the
Southern consumption, since September 1, 1880 and 1879,
we
are as
follows.
■
,
1880-81.
Since Sept. 1 shipped—
From St. Louis
Over tlie
..
Norfolk
Compared with last year, there has been a further falling
off during February in the marketing of cotton by rail.
This, however, is only in accordance with the changes in
routes which our previous overland statements have indi¬
cated were being made this year.
Information direct from
the mills shows that for many of them all-rail freights have
not been as cheap this season as those by rail and water;
hence the change.
The details for the first six months of
the season, this year and last year, are as follows.
Stocks
Great
Britain.* France.
534,978
13,804
1,194,334
329,100
19,663
752,577
4,748
539,991
46,125
108,059
26,000
585,514
183,519
96,444
Indianola, &c
.
OVERLAND
1,1880.
Our usual
Exported since Sept. 1, 1880, to—
Receipts
Sept.
since
Galveston
overland movement we are able to bring down to¬
245
Receipts at the ports to March 1
.bales.
shipments overland during same time
.
4,598,528
405,690
4,215,929
445,723
5,004,218
135,000
4,661,652
120,000
5,139,218
4,781,652
Net
Total
Southern
bales.
receipts
consumption since September 1
1879-80.
Over St. Louis & Southeastern.
Over Evansville & Terre Haute.
Over Jeffersonville Madison &
Indianapolis
Mississippi Branch
Over Louisville Cincinnati & Lexington.
Receipt s at Cincinnati by Ohio River.
Receipts at Cincinnati by Cincinnati Southern.
Over Ohio &
Over other routes.
Shipped to mills, not included above
Total gross
overland.
426
10,111
742,086
883,802
260.116
345,936
10,282
8,011
■790
1,500
5,073
66,547
Deduct—
Receipts overland at New York, Boston, &c
Shipments between (or South from) Western in¬
terior towns
Mobile
52,896
Savannah
591
Charleston
North Carolina
28
3,892
7,896
3,292
Total to be deducted
336,396
438,079
Leaving total net overland*
405,690
445,723
ports
Virginia ports
*
This total includes shipments to Canada by
ber 1,1880, amount to 15,999 bales.
We find that
quantity marketed during the first
months of 1880-81 is thus found to be 357,566
six crop
bales.
To determine the
portion which has gone into the
spinners during the same period, we
prepared the following.
hands of Northern
have
Total receipts to March 1,1881, as above
Stock on hand commencement of year (Sept.
7,101
bales.
1, 1880)—
60,109.
77,310—137,419
3,999—
Northern interior markets
..
5,130,218
141.418
5,280,636
supply to March 1,1881
Of this supply there has been exported
to foreign ports since Sept. 1, 1880 .. 2,935,779
Less
3,348—2,932,431
foreign cotton included
Sent to Canada direct from West
.
^
Stock on hand end of month (Mar. 1,1881)—
At Northern ports
232,886
Burnt North aud South
At Southern
rail, which since Septem¬
ports
At Southern ports
At Providence, &c.,
Total
524
New Orleans
bales.
The increase in the
At Northern
Shipments inland (not otherwise deducted) from
Galveston
Total to March 1
15,999
6,697
ports
627,236—860,122
&c., Northern interior markets..
13,773—3,829.022
At Providence,
takings by spinners since September 1,1880.
by Southern spinners
1,451,614
135,000
Northern spinners since September 1, 1880
1,316,614
Total
Taken
Taken by
disposition prevails quite extensively to Taken by Northern spinners same time in 1879-80
1.261,000
misunderstand these overland figures; that is to say, too
Increase in takings by Northern spinners this year, .bales.
55,614
much importance is given to the net total, it being fre¬
The above shows that Northern spinners have made pur¬
quently used as the measure of the cotton taken by the chases more freely in February this year than in the same
Northern mills overland.
It in no respect indicates that
month last year, and that their takings, which for the
fact, but simply shows the amount taken by the mills in first five months showed a
deficiency of 16,118 bales below
that way which has not otherwise been counted. For instance,
the same five months of last year, now show an increase of
nearly the whole of the items which are deducted in the 55,614 bales.
last half of the statement go to the mills by rail, but as
AMOUNT OF CROP NOW IN SIGHT.
they have all been counted at the ports, they are not
In the foregoing we have the number of bales which
included in the item called by us inaccurately—and for
have already been marketed this year and last year.
An
want of a better expression—net total direct to the mills
additional fact of interest is the total of the crop which
or net overland.
The gross total measures very nearly the
was in sight on March 1.
We reach that point, by adding
amount the mills receive in any 'year by the all-rail route,
to the above the stocks remaining at that date at the
and the above statement shows that they have thus re¬
interior towns, less stock held by them the beginning of
ceived about 141,000 bales less this year in that way than
the year.
In this manner we find the result for the two
.last year, or about 16 per cent less.
years on March 1 to be as follows:
1880.
1881.
RECEIPTS, EXPORTS AND SPINNERS’ TAKINGS.
4,781,652
Total marketed, as above
bales 5,139,218
As shown by our weekly statements, the port movement Interior stocks
316,000
284,000
.in February has been larger, as we indicated in our last
5,097,652
Total in sight
bales 5,423,218
a
fHE CHRONICLE.
246
present year is thus 325,566 bales. Hence if there is to
be no loss or gain in amount received from plantations for
the remainder of the season, the crop will resell over
REFORM IN CANAL
OF
IMPORTANCE
THE
increased movement in the
indicates that the
This
[Vol. XXXII.
TOLLS.
The recommendation relative
on
to westward-bound tolls
canals, which has passed bo:h branches of the
the
| Legislature, is now before the Canal Board, by whom
;6,000,000 bales. We think, however, as we stated last alone
any authoritative action can be taken.- The main
month, that, in view of the late pickings, which were
nowhere in progress at the same date a year ago, that it proposition is to free all westward-bound freight from
tolls.
At the meeting of the Board on Tuesday, an unex¬
would-be unreasonable not to expect the future movement
pected opposition appeared from Mr. Dutcher, Superintend¬
•to be somewhat in excess of the same months of 1880.
ent of Public Works, whose vote is requisite to make up
WEIGHT OF BALES.
the required five.
He moved to amend by continuing the
We continue below our statement of the weight of bales.
tolls on railroad iron and pig iron, stone, and anthracite
It may be well to say again that, for comparison, we are
coal, westward bound, and supported this in a speech in
compelled to retain in our table the weights for the whole which he seemed to place himself against the current
-of last year, as in some instances we have found it quite
movement in favor of improving the canals and, ulti¬
impossible to obtain returns for the same six months of mately, reaching the desideratum of making them tolls
1879-80.
free.
The Board adjourned until next Tuesday, without
Year
„
Ending
Six Months
'
Ending March 1
1881.
action.
Sept. 1,
.
..
.
hearing given on Monday,the friends of the change
supported it by vigorous arguments. Mr. Dorsheimer,
Average
Average
Number of
Weight in
recently Lieutenant-Governor and member of the Board,
Pounds.
Weight.
Hales.
Weight.
whose experience and knowledge of the subject are
501-15
514-31
282,244,070
548,782
Texas
thorough, related the circumstances attending the iraming
47600
498-50
595,375,499
1,191,334 ’
^Louisiana
of
the free list of 1877, during his membership.
509-89
512*00
The
329,100
168,499,200
Alabama
477-00
482-75
375,090,957
776,938
Georgia*
general depression existing then was especially marked in
46600
479 00
280,749,564
586,116
•South Carolina...
canal commerce; no boats were building, hundreds of boat¬
463
00
476-95
366,790,239
769,033
Virginia
47100
478-00
134.059
61.030,202
North Carolina...
men were
bankrupt, New York city wras feeling a dis¬
49000
500 00
800,306
400,403,000
Tennessee, &c...
astrous competition from Montreal and the three rivals on
48155
492-92
2,533,232,781
5,139,218
Total
the seaboard, and it was even seriously questioned
Including Florida.
whether canal business was not already irretrievably im¬
It will be noticed that the movement up to March 1
paired. Early in 1877, and in this discouraging condition,
•shows a larger average weight of bales than up to Feb. 1,
the Board were confronted with an actual deficit in the
the latter having been 487-00 lbs. per bale, and the former
canal revenues, when they met to revise'tho toll-sheet, as
492*92 lbs. per bale.
usual, for the approaching season. It was found that on
THE GOODS
TRADE IN FEBRUARY
a
large number of articles of extensive consumption—for
has been rather sluggish, and the volume of business was
example, beef, pork, leather, domestic cottons and woolens,
disappointing to manufacturers’ agents and distributers lead, spirits, tallow—the tolls were virtually prohibitory,
-alike.
This was probably due to the declining tendency
the toll receipts from these articles having been only $353
of the raw material, which led buyers to hold off.
Lead¬
during the preceding year, and the railroads were carrying
ing makes of plain and colored cottons ruled, however, them for rates actually less than the tolls charged on the
-steady in price, owing to the comparatively light supply on canals. At the speaker’s motion, those articles were put
hand; but low-grade brown and bleached goods, colored on the free
list, and the result was that nearly 300 boatcottons, &c., have latterly accumulated to some extent, and loads of them came back to the canals in the next season,
prices were easier in some cases. Print cloths w’ere only
yielding $20,000 profit to the boatmen. The conditions
in moderate demand, because of the extreme quiet that
of the problem are now easy, Mr. Dorsheimer said, com¬
prevailed in the print market, and prices closed wTeak, with pared with 1877, and the risk trivial.
a drooping tendency.
Mr. Seymour showed that the proposed freeing of west¬
1879.
1830.
1881.
bound freight will be equivalent to taking half a cent per
bushel from the tolls on wheat.
Furthermore, and in
C'ott’n Print- Sheet CotVn Print- Sheet- Corn Print- Sheetin as.
in
low
i ngs.
inq
ings. low
inq
February. low
another way, this reduction in carrying to the seaid- cloths, standid- cloths, stand
id- cloths. standard. dling. 64x64 ard.
64x04
ard.
6
la-04
dling.
dling.
board will increase largely the area from which grain
8.
8.
3%
8.
9%
shipments can be drawn. Abolishing the westward tolls
1 13,*
8%
4%
1
S.
8.
8.
9%
5%
8%
12%
2
ll3ie 4%
will pay the freight on a bushel of grain 50 miles, and this
7
3%
9%
9%
5%
12%
8%
11%
-3
4*16
7
3%
9%
9%
5%
8%
12%
11%
4
43io
will add a strip of territory 50 miles wide, extending
7
3%
5%
9%
9%
8%
12%
11
5
4*16
.7
3%
8.
5%
9%
12%
S.
8.
93iq
e
through Minnesota, Iowa, Kansas, Nebraska, Missouri,, and
7
3%
9%
5%
11
12%
93,6
8%
4%
V
7
8.
8.
8.
3%6
8%
11
93,6
4%
8
Dakota, which now cannot send grain to market at all, or
8.
8.
8.
9%
5%
12%
11
8i4
4%
9
7
538
9%
9%
12k
3%
6
11
8%
4%
must send via New Orleans.
This region is equal to proio.
7k
9%
35ig
8%
11
9%«
4%
li
12i3ifi 5%
7k
9%
35,*
3%
9%*
11
12
1213,6 5%
4-316
ducing 100 million bushels/ or more than the canals car¬
9k
7k
8.
9*4
53s
8.
35,*
s.
,
At the
1880.
.
■
*
s
-
-
a
m
in
m
■
4
...
•
■
.........
*
12W18
13
14
15...:
16
17
18
19
20
21
22
23
24
25
26
27
12k
s.
5%
9%
8.
8.
122*4
123a
12*
5%
5%
5%
5%
5%
5%
9%
9%
9k
9%
9k
9%
S.
8.
8.
11
11
11
11
11
11
8.
11
4%
4%
4%
4%
4%
8%
8%
8%
8%
8%
12*
43I6
8%
121 lie
11
11
11
11
8.
11
4%
4%
4%
4%
8.
8.
43,
8%
dav
....
8%
3%
8%
8%
1213,6
..Holi day ..
9%
5%
12*
9%
5%
12*
9%
12Hie 5%
9%
12Jii« 5%
9%
12U16 5»ie
k
9k
9
3k
8.
8.
9k
9k
9k
3k
3k
9516
93jT
8.
ried in 1880.
7k
7k
3516
7k
7k
7k
7k
7k
33,*
33,6
3k*
that
the
than in
..Holi dny
8.
Seymour also urged,
Mr.
8.
•
was
8.
at
conditions
1877.
the
The
lowest
are
as
now
did Mr. Dorsheimer,
much
more
favorable
tonnage carried in
since 1860, yet the Canal
canal
1876
Board
lumber one-half, - took
($113,000) off the boats, and put on the free
9k*
8.
8.
9ke
list 25 articles on which the tolls from New York to Buf¬
8%
97, f,
28
4%
8.
8.
29
.8.
falo had ranged from $82 80 to $662 50 per boat-load. The
result of this bold policy, which, under the circumstances,
The above prices are—For ootton, low middling upland at New York;
for printing cloths, m\nufacturer*’ prices; for sheetings, agents’ yrioes,
was pronounced by many suicidal, was that while the rev'which
subject to an average discount of 5 per cent.
9%
9%
3316
331Q
33,«
33i0
3k«
*
reduced
7k
7k
7k
7k
7k
toils
grain
* on
the tolls
-
i
are
o
and
Ma: CH
5,
lfc'81.1
THE
247
CHRONICLE.
FEBRUARY.
enue did decrease, the tonnage increased more largely, as
The month of February was marked by extraordinary excite¬
may he shown thus.
ment in financial circles, owing almost entirely to the pendency
of the funding bill in Congress. On Friday, the 25th, call
1878.
1877.
1870.
loans in New York were quoted as high as lfe per cent a dayy
5,171,320
4.955,963
4,172,129
$993,348
$880,85*0
addition to the legal rate of 6 per cent per annum. Tho
$1,340,004
22 5,357
783.834
Increased tonnage
459.103
funding bill was pending until after the close of February
4-34
18-78
Per (rent increase in tonnage ...
3500
(though afterwards passed, and vetoed by the President', and,,
$112,452
12-88
under apprehension that it might become a law, the national
Per cent increase in tolls
;.
banks throughout the country had deposited about $1S,000,000
In 1879, a further reduction of tolls was made, in part in coin and legal tenders as security for their circulating notes,,
to enable them to withdraw their bonds, if desired.
The
on east-bound business; the result was an increased ton¬
FINANCIAL REVIEW OF
■
in
notwithstanding a loss in the spring grain movement
by reason of opening twenty days later than usual. Last
year, several more articles were put on the free list, and
reduction was made on foreign salt; this was followed
by the largest tonnage the canals now in operation have
ever carried, and an increase of 22 per cent in revenue
nage,
natural result of such a
a
withdrawal of legal money was a*
in the money market, as above noted.
Secretary Sherman on the 21st issued the 101st call for bonds
for the sinking fund, the bonds, principal and interest, to be paid
on and after May 21, 1881.
This gave no speedy relief, and on
Thursday the 24th he gave notice that bonds mentioned in that-
spasm
immediately on presentation at Wash¬
over 1879.
ington. Even this was too slow, and on the 25th Mr. Sherman
I.
I.
Mr.
Hayes, who was the conspicuous advocate telegraphed to New YYrk to purchase, for the sinking fund,,
of free canals before such a thing began to seem possible, any of the five or six per cent bonds of 1881 not embraced in.
his call of 21st inst., to an amount not1 over $10,000,000,
made some remarks in an earnest speech three years
at
par and
accrued interest. As soon as this was
ago which arc suggestive in this connection. Great
are known, bonds began to come in, but the whole amountbuilt up, he said,- because there are
“drained” to purchased up to the close was only about $5,500,call would be redeemed
cities
places certain products which mankind require, the
cities becoming centres of distribution.
This city has a
superb harbor, but the Hudson itself contributes scarcely
certain
anything of commercial importance; its banks have no
large cities or industries, and this harbor has naturally
drained into it less of products than was once drained into
Newport Bay. New York is an artificial city, in the
sense that it was made by Clinton’s Canal.
The Mississip¬
pi and the St. Lawrence are the natural outlets of the
Continent; the great idea of Clinton—that the Hudson
should be practically made to rise at Lake Superior
instead of in the Adirondacks—has made the third, and
thus has made New York City.
Destroy the canals, and
the Hudson becomes again only a beautiful stream.
No
railroad which does not follow the line of navigable waters
more or less directly, ever became profitable.
The Central
road was built because the canal was, and it was made
profitable because of the intervening line of cities the canal
had created; the Erie road, built to connect New York
with the lakes, exceeded the limit of profit on land trans¬
portation, and not having this chain of canal cities, did
not become profitable.
Without adopting all these con¬
clusions, there is in them much of truth and much applicable
to
policy adopted, now seems sure. They are not only
incalculable commercial advantage to the State
the nation directly, but their improvement will be of
of almost
and
public. We hear much now-a.
days about railroads oppressing the people. There can be
no competition, it is said, under which railroad charges
can be regulated—they are a law unto themselves—so we
must regulate them by legislation.
Here, however, is an
absolute check to “railroad extortions,” as they are called,
if we choose to use it.
Carry grain from St. Loui^ and
Cairo to New Orleans, by the Mississippi, at six cents or
less a bushel, and from Chicago to New York, by lake and
canal, at twelve cents or less, and you have a natural law
working better than ten thousand statute laws, which must,
to a very considerable extent, regulate and keep under con¬
trol railroad charges.
All that is necessary to make this
indirect
advantage to the
effective, is to improve ofcr water-ways as
facilities
improve,
the railroad
however, was
bonds, were strong until the spasm in
the-
money market came.
Speculative stocks were very strong, and
advanced materially in the early part of the month, and werepretty well sustained at their high prices until the pressure in
There was considerable fluctuation in
money became severe.
prices for a few days prior to the 25th, and on that day a serious
break took place which carried stocks down very heavily. The
re-action on subsequent days was sharp, and before the close of
the month a good part of the decline was recovered.
Foreign exchange ruled with some firmness until the dis¬
turbance in money began, and then rates were entirely de¬
moralized. On the 1st of February the bankers who had
attempted to quote on the new method of per cent values aban¬
doned this and returned to the former custom.
the condition of the New York
City Clearing House banks, rate of foreign exchange, and
prices of leading securities and articles of merchandise, on or
about the 1st of March in 1879, 1S80 and 1881:
The
following summary shows
STATISTICAL SUMMARY
ON OR ABOUT
MARCH 1.
1S79, 1380 AND 1881..
New York City Banks—
Loans and discounts
$
$
Specie
$
$
deposits
$
Legal tenders
$
Legal reserve
Reserve held
Surplus
Money, Gobi, Exchange—
$
$
1879.
1880.
1831.
Net
appreciated
and improved, under a policy of less stint and more
enlarged views, we entertain no doubt.
That this will be
the
cluding Government
Circulation
to-day.
canals should be retained, valued,
the situation of
That the
considerable, and
rates for money fell off to 6 per cent and % per cent a day,
and from that to plain 6 per cent. Investment securities, in¬
effect,
moral
The
000.
316,534,400 293.545,000 246,716,90016,456,500
57.413.300
53,074.200
19,232,400
21.174.000
10,181.000
290,547,300 271,012,800 213,429,700
42,651,800
14,168,000
15,048,000
74.130,825
73,122,200
def 1,014,025
3 56
45*6 + *8 p. d.
Call loans
5 (i 5 %
Nominal.
Prime paper, sixi v days
51%d.
5278<1.
Silver in London, peroz
4 844 ^4 85
4 80*2
Prime sterling bills, 00 days..
United Slates Bonds—
1055s
101
0s, 1881, coupon
126%
128
Os, currency, 1898
1031c
1003s
5s, 1881, coupon
108 '
111%
4%s, 1891, coupon
1007S
112%
4s of 1907, coupon
Railroad Storks—
132
144%
New York Central & Hud. Riv.
45 5*
40 78
Erie (N. Y. L. E. & W.)
108%
124
Lake Shore <fc Mich. Southern.
9134
112
Michigan Central
151
133ic
Chicago Rock Island & Pacific
102
129 Li
Illinois Central
93 4
121 %
Chicago & Northwestern, com.
Chicago Milw. & St. Paul, com.
Delaware Lack. <fc Western ...
Central of New Jersey
53,357,425
67,753,200
71,581.3* 0
3,828,100
100 %
119%
103
59,108.300
5,750,875
3%54
4
49 %d.
85%-4 86^
80%
92%
874
106%
121 %
104%
1063s
100%
i
117
25%
71
87%
131%
82
56%
37%
!
50
38
j
}
Merchandise—
9f316
1311 r>
11 *>ia
Cotton, Middl’g Uplands.$ lt>.
28535
J
46557
38 <£45
Wool, American XX
$ lb.
005)18
17
00
5)40 00
24 508)25 50
Iron, Amor, pig, No. l..$ ton.
1 49%51 50 1 135) L 13%
1 1918-1 20
W heat. No. 2 red win.%} bush.
44 5)47
|j
56 5)59
55% a 57%
Corn, Western mixed.
bush.
9 75 5
12 50 5
fl
Pork, mess
$ bbl. 10 00 8*10 25
|
.
NEW YORK
The statements
in each week of
CITY BANK
of the New
MOVEMENTS IN FEBRUARY.
YYrk City Clearing House banka-
February were as
follows:
218
THE CHRONICLE.
N. Y. City Bank Statements.
Feb. 5.
Loans and discounts
12.
Net deposits
Legal tenders
Legal reserve
Reserve held
.
Feb.
$76,981,075
$70,929,525
83,310.000
80.730.800
$0,826,900
$0,305,525
$3,807,275
3<i*0
5«*5%
3&6
sm
5«i54
5%5M>
Rate of prime paper
20.
*m
$74,136 825
73,122.200
*$1,014,025
&3>0f
5 ■<jor>'4t
t Plus 1 per cent a day.
The total transactions at the Stock
previous months,
Dec.
U.S. Governm’t bonds
State bonds
Railroad bonds
$4,761,500
Bank stocks.. .shares
Jan.
Feb.
$2,713,100
2,035,000
63,817,485
58,195,860
2,490,800
42,042,150
1,241
872
1,087
664
9,856,266
10,762,581
13,001,871
12,132,323
973,600
5 8,
Gs,
4%S,
4.9,
Gs,
Feb. 1881, 1881, 1891 1907, Cur.,
i!
7..
8..
18..
1 a
100%
100%
11238 112%
"
25..
26..
27
28
<r
9..
ill 10..
il2%
10058
101%
.
■1:12..
|13..
8.
i4..
1123b
16..
I17--
ill
j
35
2
—.0 «*■
s^s
*
Feb.
O
5s of
£
*
Do
pref.
Do
1st pref.
St. Paul A Duluth
Do
pref.
St. Paul Minn. A Mail
62%
of
1881. 1891.
5S
I
1
2
3
!
3
■i
(
9S7i6
989!«
98«ie
9s9i6
5
6
«j
103%
103%
1031s
103%
103%
98 <16
115%
115%
115%
115%
115%
^
9s7;;*
8
9
10......
99»i6
9:i516
103
99*>io
103% 114 %: 116%
103% 11 4% 116%
8.
093ls
23
26
27
23
90%
...
99&i6
S’cc Jan. 1
99316 1033s 114% 115% Highest...
9 9% 6
114% 116% Lo west
A8
1033^
•i
937ig
103%!
io:»%{
933i6
103%
1105s
115%
116%
...
995i6
93^16
101%
117%
103
1157s
|
103
f
klbany & Susq’hanna
Dec. 31
b
Do
75
74
•
Jedar Falls & Minn
isentral Iowa
Do
1st pref.
| Jentral of N. Jersey.
g)ontral Pacific
ifhes. A Ohio
Do
1st pref.
.
Do
2d
Do
Burl. A
‘36
84%
92%
24%
34%
pref.
26
pref. *150
Quincy.
1793*
114%
124
f.jhic. Mil. A St. Paul,
Do
pref.
/■hie. A Northwest... xl27%
Do
pref. 141
i hie.A Rock Isl., now
i hie. St.L. A N.Orl’ns
■hie. St.P. Minn.AO.
t
A Clev
pref.
lev. Col. Cin. A Ind.
r iev. A Pifcfcsb.,
guar.
! ol. Chic. A Ind.Cent.
•anbury A Norwalk
i
el. Back. A Went’ra.
renver A R. Grarnla
ubuque A Sioux C..
rankfort A Kokomo
Amiibal ASt. Jo....
i
Do
pref.
Iprlem.,
New Central Coal.
llnois Contrai
it. A Gt. Northern.
diet A Chicago
00k. A Dos Moines
;
.*
Do
Prices bid.
19%
26%
36%
44
31
31
76
79%
82%
86
20%
32%
23
149
153
34
98%
25%
3(5
27
156
153
1075%
109%
132%
124%
122
132
136
123%
82%
9'J%
S3
20
85
27
41%
100%
57%
110
‘"7
51%
t51
*117
prefl
t Prices asked.
20%
24%
93%
151%
130%
92
x89
Do
pref.
Silver Clift
Mining ..
Standard Cons. Min’g
24%
31%
26%
150
2
1%
56
22
26*4
2344
31
374*3
27 44
214
15044 x!35
119 4*2 *J 30
175
1034
117% 106
1264 120
1314 121*3
115
131%
1395a 1334
65 %
57
33%
23%
134
149 43
169*4
115 59
1127
128
9j
*80
1 60
10 I %
117
] 17
13148
129
53
xl05%
9344
Pacific Mail
Pullman Palace Car.
Satro Tunnel
4948
43
1074
474
93
924
85
21%
73
114%
89
80
47%
94
183
63
126
27%
76%
1.23%
109%
82%
101%
(J’J
63 %
71%
J!)
53
2 1
56
62
83%
494
1201a
48
115%
*
Prices bid.
524
110
66%
93
61%
63%
72
42
120
106%
134%
131
68
*54
71
60%
120
*117
3
7
33
36
39
12%
12%
6
26
28
9
33%
35%
194
x
x27
*1%
1%
14
......
.
••••••
12%
#
*53
105
12%
56
36%
33
52%
107%
‘34
175
62%
54%
141% *131
1
1%
\ Ex privilege.
BANKERS’ STERLING EXCHANGE (POSTED RATES) FOR FEBRUARY,
60
Feb.
.
1....
2
3....
4....
...
5....
6....
7....
8....
9....
10
...
11....
days.,
4*83
4-83
4-83
4-33
4-83
‘
S.
4-83
4*83
4-83
4-83
4*83
De¬
mand.
Feb.
4-86
4*86
4*86
4-36
4-86
12....
13....
••••
4-86
4*86
4-86
4-86
4-36
|
1
®
*50
36%
1
*1%.
-
190
159%
43%
139%
......
'
56
114
102
169
1%
f Prices asked.
x244
,
24
109%
89%
151
144
634
54
23’
...
140
28
36
24
36%
167%
57%
4%
7
55
x234
135
45%
28
8%
3
5
27
27
*230
*33
58
30
■
(5
.
3%
29%
47
56%
42%
40%
164
89%
*61%
91%
98
40
4%
*2
‘3
27
30
32
81%
42
69%
85
49
52
46
11%
57%
49
'
74%
117
t43
13
63
40
xl20
,
59%
60
35
92%
51
146
60
13G
30
66
40
99
*113
35
x35
134%
40%
3
13
53
354
634
134
x834
4%
10%
414
41%
123
65%
70%
34
444
€84
284
x924
24
12
52
♦354
*
days.
De¬
mand.
4-83
4-86
60
S.
„
Feb.
....
4-83 %
4-86
4-83
4*81
4-80
4-85%
4-83%
4-82%
4-83%
4*86%
25....
4*8 4
4-84
484
4-87
26...
27....
23....
13.... 4*84
19.... 4-31
^
20....
S.
21.... 4-3 4
22.... ....Iloli
•
■
•
4*87
S.
4*79
-
•
m
-
m
m
m
4-81%
—
4-87
Ran go
11
4-86%
day
mand.
23....
14....
4-87
4*87
De¬
days.
24....
15
16....
17..:.
i
1831.
60
—
4-8 4‘
4-79
High
Low.
4-97
4-31%
....;
i
180
60%
107%
200
75
133
73
-
71
96
44
119%
99 %
......
156%
1 Ex privilege.
23%
...«•*•
73
25%
103
84 4
131
......
1324
75
65
1 30
112
x384
4
224
24
Oreg'n R’y A Nav.Co.
90%
80%
91
3%
Quicksilver Mining..
43%
49
49%
52%
120
xl05% xl 247s x!14%
514
474
434
128%
50*3
33%
*175
..
‘.
■215
*33
*12
*52
854
180
73%
89%
63
245
125
47
50%
92%
71%
128
25
27
63
245
1444
226
42
61
90
26
*11%
*6%
*27%
*22
*29
120
81
46%
112%
1134
52%
x97
514
112
36
36
Pennsylvania Coal...
Ontario Silver Min’g.
......
69
127%
ildlana Bl. A West..."
78
2.3%
SO1*
73
89
84
16
51
71
102
41
75
90
53
62-4
44
..
Boston Land Co.
Boston WaterPower.
Canton
Del. A Hud. Canal...
Jerome P’k Imp.Co.
N. Y. A Texas Land.
09
494
1294
58%
120
*2 4
N.Y.ej Straitsv. C.AI.
42
69%
53
118
1122
78%
804
132
33
62%
71%
83%
41%
x814e
United States
Mariposa L’d A Min.
Do
pref..
Maryland Coal
52%
60*4
1354
534
6444
Stormont Mining....
Various.
Gu%
79%
197
oust. A Tex. C*uit..
122
69
66
83
43%
103 %
120
43
37
81
90
73
139 <8 1474*3 1397b
13 14*3
138% 13 4% 142
41
40
55
57%
45
51
48%
47*4
95
109% 105
9:)%
41
46
49%
90
x88
9778 x39%
128 i4
129% 127U 131
21 %
19%
27%
23%
70
70
109 %
107
xl‘2'1% x 1 21 %
»
| in. San.
Do
43
do
pref.
lurl. C!ed. Kap. & No.
; Canada Southern
Ifhic.
12 4%
43
1104
52%
44%
69
34
Wells, Fargo A Co
40%
135
33
54
107%
424
824
122
*130
130
28
40
*70
x33
...»
*20*4
124
35
102
226
32
50
130
40
60
134
30
39
63%
..
January.
> -—
February.Low. High. Jan. 31. Low. High. Feb. 28.
120
46
3os. & N. Y. Air-L. pf
’
25%
47%
77%
Mining...
Excelsior Mining....
Homestake Miiiiug
La Plata Mining
Little Pittsb’g Min..
RANGE OF STOCKS IN JANUARY AND FEBRUARY.
Railroads.
;»
50%
64%
25%
36%
36
1164
1124
424
122
35%
Dead wood
'll The following table will show the lowest, highest anl clos¬
ing prices of railway and miscellaneous stocks at the New York
|Jtock Exchange during the months of January and February:
i’t
^
x55
Consolidation Coal...
Cum. A Elk L’k Coal
116%
.
42%
.12%
454
86%
Coal and Mining.
Cari bou Consol. Min..
Cent. Arizona Min...
Colorado Coal A Iron
I
103% 114%ill6%
9)516
72
86
Express.
Adams
American
iiidiiBii
993i6
987i«
99
American Union
Atlantic A Pacific
Wostern Union
114%!ll6%
Illinois
11414! lid la
S.
...
16
17
4s of
Of
24
116
126
65%
70
134
43
61
97
34
36
Telegraph.
American District...
103% 114% 1105s
993i6
..
*15
of
103%
103%
103%
103% 115% 116
8%
42%
67%
33%
•
*364
46%
37%
39%
86
35
14
80
42%
104%
33
77
80
30
524
1244
94%
36
45
111
231
27%
51%
45
Wab. St. L. A Pacific.
Do
pref.
1881. 1891. 1907.
9SUie 103% 114% 116
98l3lfl 103% 114% 116% Opening
Highest...
931316 1033b 114% 11*6% Lowest
991ie 1033s 114% 116% Closing
1033g 114% 116
13
4%S
pref
So.,assd.
...
19
20
116% 21
L 16
22
116
23
98il1G 103% 1153s 116
93aie 103% ’115% 1157s
98Hlt3 103% xl4%
5(9
Feb.
116%
116%
8.
7
2
32%
G4%
23%
39
54%
^
90
12 7
St.L.I.Mt. A
St. L. A S. Francisco.
Low. 101% 1003s 111% 1123a
Clos. 101% 100% 1121s 112%
4%.<?
28%
51%
8.
Do
CLOSING FRIGES OF CONSOLS AND U.S. SECURITIES AT LONDON IN FEB.
■-*
*96
*210
210
1131*2
10038 11238 112 78
10038 111% U23rf
112 34
Open 101% x00% 112% 1125s
High 10134 101
112% 114
113%
1134
59%
133%
38
.
...
.
85
36%
97%
219%
33%
Renssel’rA Saratoga.
Rome Wat.A Ogdons.
St. L. Alton A T. II
100^ 1121s 112%
.
G6%
24
Pittsb. Titusv.A Buff.
Do
do
prof.
day..
..
i{n..
34
Pittsb.Ft.W.AC.guar.
11238 113%
Holl
23
24..
11238
Dj'8
10634
.
pref.
Panama
11Q7n
8.
00
do<■
Peo. Deoat. A E’ville.
Pliila. A Reading
11276 114
1 m
20
21
8.
a
.
Do
pref.
Ohio Central
Ohio A Mississippi...
Do
pref.
coup. coup. coup. coup. 1898.
112 V* 112*8
6..
i
Feb.
t 1 91n
5..
.
Northern Paciflo
6.9, I 5 9,
4*29,
4.9,
6s,
1831, 1881. 1891, 1907, Gur.,
coup. coup. coup. coup. 1898.
X....
High. Ft
■
Do
il 1
if1"
!|! 4..
P ebruary,
t
CLOSING PRICE8 OP GOVERNMENT SECURITIES IN FEBRUARY. 1881.
Si
Tanuar y.
..
$2,828,200 $2,084,600
1,673,400
58,502,900
“
Exchange, compared with
follows:
were as
Nov.
Railroads, Ac.,
t Nominal.
1
Railroads.
Dee. 31. Low. High. Jan. 31. Low.
Lake Erie A West....
56
42%
38%
50%
49%
Lake Shore
134% 127% 135% 129% 118
Louisiana A Mo.Riv.
26
23
16%
19
Louisville A Nashv..
89
x87
79
94% x87%
Louisv. N. A. A Chic.
60
53
77
76
75
Manhattan
34
40%
32%
38%
35%
Manhattan Beach Co.
34
36
30
*32
34
Mar’tta A Cin. 1 st pf.
9
9%
9
14%
11%
Do
2d i»f.
6
9%
8
7
Memphis A Clia’stbn.
41
ioi
117
Metropolitan Elev... 107
ii4% 113
Michigan Central.... 125
120
126% 120% 108
Mo. Kans. A Texas
48
40%
44%
45%
39%
Missouri Pacific
85
90
t92
Mobile A Ohio
2i% 20% 27% 23% 18%
Morris A Essex
119
124% 122% 118
Nashv. Cliatt. A St. L.
63
75
73
70
75%
N. Y. Cent. A Hud. Il xl54% 147%
155
148% 140
New York Elevated
124
xl23
xl23
xl28
120
50%
47%
48%
43%
52%
83
95
Do
90%
prof.
89%
82%
N. Y.N.H. AHartPrd r175
178
180
*178
177%
N. Y. Ontario AW...
23
30%
42%
30%
41%
.
Deficit.
if
\
19.
$76,774,300
83,601,200
Surplus.
Range of call loans
18
ii
Feb.
$310,092.1)00 $317,139,100 $320,807,300 $310.584,4(>0
07,60:1.700
07,80*.600
05.849.000
58.074,200
lK.Sd3.300
18.362.300
18.259,500
16,181,000
307,0i)7,200 307,024,300 307,718.100 296,547.300
15,9w7,500
15,540,000
14,887.200
15.048,000
8pecie
12
Feb.
[Voi. XXXII.
55
IMP ORTS A ND EXP OR TS FOR JA XUA R
FOR
Y, AND
SEVEN AND TWELVE MONTHS ENDED
654
Xl30
JANUARY 31, 1881.
[Prepared by the Bureau of Statistics.*
Below is given the seventh
monthly statement, for the fisoal
States.
specie
year 1880-81 of the imports and exports of the United
The excess ,of exports of merchandise, .stated in
values,
was as
follows
:
,
March
THE
5, 1881.]
31,1881
31,1880.
Seven months ended January 31,1881
Seven months ended January 31,1880
Twelve months ended January 31, 1881
Twelvemonths euded January 31, 1880
The excess of imports of gold and
as follows:
Month ended January
Month ended January
INTEREST-BEARING DEBT.
$28,916,438
11,7^8,685
190,626,943
-
148,309,103
210,001,7o2
_,37,4o2,16J
bullion was
silver coin and
$i,2%2,313
Month ended January 31,1881
Month ended January 31, 1880
/2,640,330
ended January 31,1881
ended January 31,1880
Twelve months ended January 31, 1881
Twelve months ended January 31, 1S80
249
CHRONICLE.
Seven months
Seven months
7o,l-^,136
*-
73,346,600
68.-11,3.^3
-•
Amount
Character
A uthor-
When
of Issue.
iziny Act.
Payable.
Registered.
2/61 July 1, ’81 J.&J. $
17/61 Jime30, ’81 J.&J.
3/63 Juue30, ’81 J.&J.
14/70 May 1, ’81 Q.-F.
4^8 of 1891 July 14/70 Sept. l.’Ol CJ.-M
4s of 1907.. July 14/70 July 1,1907 Q.-J.
6s,Or. War.. Mar.
6s of 1881.. July
6s of 1881.. Mar.
5s of 1881.. July
-•
46,322,700
323,218,750
177,434,300
536,764,350
presented in the following tables, all in specie values:
On the above issues of bonds there is a total of
over-due anil not yet called for. The total current
date is $11,789,053.
MERCHANDISE.
$710,530
33,787,050
10,893,400
146,101,900
72,565,700
201,800,700
$1,194,292,950 $165,859,300
$782,750
14,000,000
4s, ref. c-tfs. Feb. 26/79
3s,navy p. Id July 23/68
(Corrected to February, 1SS1.1
Coupon.
110.552,950
and of domestic and foreign
exports for the month of January, 1881, and for the seven and
twelve months ended Jan. 31, 1881 and 1880. respectively, are
The total values of imports
Outstanding.
$1,674,935,000
$2,795,597 interest
accrued interest to
Aggregate of interest-bearing debt—
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
For
the
7 For
the 12
■months end¬
months end¬
ed Jan. 31.
ed Jan. 31.
There is a total of over-due debt yet outstanding, which lias never
been presented for payment, of $6,598,725 principal and $760,292
$71,917,333 $541,461,513 $882,010,094
$65,850; do 1865, $77,650; consols of 1865, $502,850; do 1867,
$1,639,750; do 1868, $309,700; 10-40sof 1861, $1,194,000; 3’s certs.,
For the
month of
January.
1881.— Exports—Domestic
9.632,152
2,159,895
Foreign
14,750,110
$74,077,228 $551,093,665 $896,760,204
45,160,790 360,466,722 686,758,452
Imports
Excess of exports over imports $28,916,438 $190,626,943 $210,001,752
Excess of imports over exports
Total
%
1880.—Exports—Domestic
Foreign
$65,468,041 $483,397,772 $761,530,067
....
11,217,737
6,574,347
1,529,132
$66,997,173 $189,972,119 $772,747,804
Total
55,208,488 341,663,016 535,295,644
Imports
Excess of exports over imports $11,788,685 $148,309,10a $237,452,160
Excess of imports over expoitsl
GOLD
Foreign
-
$6,442,312
$8,811,013
5,690,124
2,936,764
$9,379,066
82,019,405
7,224,170
$16,036,183
89,381.783
$4,282,343
$72,640,339
$73,34(5,600
$1,219,177
188,604
....
$1,407,781
Total
Imports
Excess of imports oyer exports
Excess of exports over imports
1880.—Exports—Domestic
Total
Imports
Jxcess of exports
ixcess of imports
over
over
$6,979,192 $18,000,966
$924,066
..
Foreign
imports :
exports'
594,433
3,507,610
6,977,122
$1,418,499
$10,486,802
$24,978,088
1,584,061
85,671,932
93,189,447
'75,185,130
6S,2ii,35y
$
165,565
TOTAL MERCHANDISE
$
AND SPECIE.
$73,136,510 $547,903,825 $890,821,107
1881.—Exports—Domestic
2,348,499
12,568,906
21,974,280
$75,485,009 $560,472,731 $912,795,387
50,850.914 442,486,127 776,140,235
Imports
Excess of exports over imports $24,634,095 $117,986,604 $136,655,152
Excess of imports over exports
Foreign
*•
Total
1880.—Exports—Domestic
Foreign
....
$G6,292,107 $490,376,964 $779,531,033
2,123,505
56,792,552
Imports
Excess of exports over imports $11,623,120
Excess of imports over exports
The
following is
10,081,957
18,194,859
$68,415,672 $500,458,921 $797,725,892
Total
427,334,948
628,485,091
$73,123,973 $169,240,801
statement showing, by principal customdistricts, the values of merchandise imported into and exported
from the United States daring the month of January, 1881:
a
Customs Districts.
Baltimore, Md
Beaufort, 8. C
Boston, &c., Mass
Brazos, &e., Texas...:
Brunswick, Ga
Buffalo Creek, N. Y
Cape Vincent, N. Y..
Champlain, N. Y
Charleston, S. C
Corpus Christi, Texas..
Detroit, Mich
Galveston, Texas
Huron, Mich
Key West, Florida
Minnesota. Minn
Mobile, Alabama
New Orleans, La
New York, N.Y
Niagara, N. Y
Norfolk, &e., Va
Exports.
$1,273,849
$3,668,963
45,647
34,505
4,448,448
5,253,904
141,527
90.371
2,469
141,84^
15,887
4,927
106,949
289,196
63,312
149,621
40,817
26,622
114,308
372,123
125,590
10,826
17,511
68,675
820,545
42,897
105,845
4,610.220
610,979
38,366
59.205
291,537
15,991
2,062,350
Oswegatcliie, N. Y
85,728
Passaniaqupddy, Me
43,006
1,488
1,497,941
105,105
16,478
20,058
06,398
262,684
2,286,588
668,677
5,661
101,559
20,052
53,997
3,811,305
2,990,908
Pensacola, Fla
Philadelphia, Pa
Portland, &c., Me
Richmond. Va
Baluria, Texas
San Francisco, Cal
Savannah, Ga
Vermont, Vt
Willamette, Oregon
Wilmington, N. 0
All other customs districts.
32,214,075
2,246,232
161,182
298,155
6,328
6,691
555,109
150,542
148,562
Foreign
Exports.
$1,418
64,654
103/263
Old demand notes
Amount.
Authorising Act.
of Issue.
$60,695
July 17, ’61; Feb. 12, ’62
Feb. 25, ’62; July IK 62 ; Mar. 3/63
Legal-tender notes
Certificates of deposit June 8, ’72
1
....
Gold certificates
Silver certificates
Fractional currency
|
or
346,681,016
7,965,000
6,541,480
47,884,260
February 28, ’78
July 17, ’62; Mar. 3, \
’63; June 30, ’64 5
a>ie
520 347
^5,520,347
7,144,413
8,375,934
ilestr’yed, act J’e 21/79
$416,276,864
Aggregate of debt bearing no interest
Unclaimed Pacific Rai Iroad interest
6.456
RECA PITULATION.
Amount
Interest.
Outstanding.
Interest-bearing debt —
Bonds at 6 per cent
Bonds at 5 per cent
$202,266,550
469.320,650
Bonds at 4*2 per cent
Bonds at 4 per cent
250,000,000
738,565,050
782,750
Refunding certificates
Navy pension fund
14,000,000
Total interest-bearing debt
Debt on which int.has ceas'd since muVrity
Debt bearing no interest—
Old demand and legal-tender notes—
Certificates of deposit
Gold and silver certificates
Fractional currency
$1,674,935,000
$14,585,250
6,598,725
760,292
346,741,711
7,965,000
54,425,740
7,144,413
—
Total debt
bearing
no
$416,276,864
interest
Unclaimed Pacific Railroad interest
8.456
$2,097,810,590-
Total
Total debt, principal and interest, to date
Total cash in Treasury
$15,353,999
$2,113,164,589
233,208,176
$1,879,956,412
Debt, less cash in Treasury, Mar. 1, 1881
Debt, less cash in Treasury, Feb. 1, 1881
1,891,799,568
Decrease of debt during the past month
Decrease of debt since June 30,1880
Current Liahilities—
Interest due and unpaid
1
Debt on which interest has ceased
$11,843,155
Interest thereon
Gold and silver certificates
U. S. notes held for redemption of certificates
Cash balance available Mar. 1,1881
760,292
54,425,740
7,965,000
160,662,822
62,215,882
$2,795,597
6,598,725
of deposit.
$233,208,176
Total
Available Assets—
Cash in the Treasury
$233,208,176
RAILWAY COMPANIES.
INTEREST PAYABLE BY THE UNITED STATES.
5,205
3,350
49,247
79,626
592
Cluiracter
Amount
of
Issue.
outstanding.
Central Pacific
Kansas Pacific
Union Pacific.'...
Central Br., U. P.
Western Pacific..
Sioux City & Pac.
..
..
27,902
1,738,765
Total
447
29,167
Interest
paid repaid by
bg U. S.
transportaVn
Interest
$25,885,120
$19,569,787
6,303,000
5,183,883
20,872,373
1,309,803
1,372,664
1,220,049
27,236,512
1,600,000
1,970,560
1,628,320
$64,623,512 $49,528,566
Balance
interest
of
pout
by U. S.
$3,376,536 $15,544,979
2,503,245
7,996,662
79,365
9,367
.
114,530
2,680,637
12,875,711
1,223,516
1,363,297
1,105,518
$14,079,707 $34,793,660
The Pacific Railroad bonds arc all issued under the acts of July 1,
1862, aud July 2, 1864; they are registered bonds iu the denominations
of $1,000, $5,000 aud $10,000; bear 6 per cent interest in currency,
payable January 1 and July 1, and mature 30 years from their date.
2,036
53,935
UNITED STATES TREASURY STATEMENT.
116,279
350,654
following statement, from the office of the Treasurer, for
March, was issued this week. It is based upon the actual
returns from Assistant Treasurers, depositaries and superintend¬
ents of mints and assa^ offices :
The
288
FEBRUARY, 1881.
The following is the official statement of the public debt as it
appears from the books and Treasurer’s returns at the clo3e of
business on the last day of February, 1881:
Character
BONDS ISSUED TO THE PACIFIC
$71,917,333 $2,159,895
THE DEBT STATEMENT FOR
DEBT BEARING NO INTEREST.
2,406,256
1,884,933
10,699,470
28,623,027
2,381
Pearl River, Miss
H
Domestic
Impoi'ts.
the principal of called bonds,
1862, $374,650; do 1864,
$3,000.
Less amt. cst’d lost
AND SILVER—COIN AND BUMLIOX.
1881— Exports—Domestic
interest. Of this interest, $595,586 is on
which principal is as follows: 5-20s of
LIABILITIES, MARCH
1, 1881.
Post-office Department account
$2,414,927
Disbursing officers’ balances
18,966,122
Fund for
redemption of notes of national banks “failed,” “ in
liquidation/’ and “reducing circulation”
Undistributed assets of failed national banks
36,Q56.444
476,507
/
iFire per cent fund
notes
Fund for redemption
for
redemption
of national hank
$14,088,424
of national bank gold notes
425,420
'Currency and minor-coin redemption account
4,602
77,433
Fractional silver-coin redemption accoimt
Interest account
73,807
Interest account, Pacific Railroads aud L. & P. Canal
Co
31,280
Treasurer U. 8., agent for paying interest on D. C. bonds—
337,207
0,271,316
Treasurer’s transfer checks and drafts outstanding
1
Treasurer’s general accountinterest due and unpaid
Matured bonds and interest
Called bonds and interest
Old debt
Gold certificates
Silver certificates
Certificates of deposit
Balance, including bullion
$5,616,553
1,584,380
4,065,036
800,601
6,541,480
‘
,.
47,884,260
7,065,000
158.542.647
fund
Total Treasurer’s general account
Less unavailable funds
$233,008,058
700,781
-$233,203,176
$316,231,670
ASSETS, MARCH
1, 1881.
ing scarcity of money, and that more tempting
necessary in order to secure an adequate supply.
terms were
The man¬
agers and directors of the discount companies have, however,
been sadly incorrect in their conclusions, as events have proved;
but they were not singular in their belief, as a large section of
financial men were of the same opinion. It was
forgotten that speculation* if assuming injudicious propor¬
bu iness and
tions, can be checked, and that in its infancy. Speculators
may borrow largely upon securities, and may, for a time, cause
the demand for money to rule active, but the banks command
the position, and, if the necessity should arise, can put on the
breaks. The first settlement on the Stock Exchange this year
showed that Stock Exchange business had expanded largely.
Since then, through pressure from the Banks, and through
greater discrimination on
the part of those wdio might be
involved in any possible catastrophe, a very large number of
accounts have been closed, and “settling days” have again
$34,277,450
88,760,802 ceased to present any remarkable features. At the last settle¬
52,0 -9.460
25,813,058 ment the clearings at the general Clearing-House amounted to
5,356,308
312,<>80 only £48,920,000, against £54,444,000 last year, and £63,080,000
10,856,463 the first account in January, which was probably the heaviest
22,206,600
4,000.374 on record. This shows a very substantial decrease, and, as there
144,520
: 65,559 is but little demand for money for commercial purposes, the
Deposits held by national bank depositaries
11,957,341 rates of discount have exhibited, fur some time past, a weak
;
.Nickel and minor coin
767,382
New York and San Francisco exchange
2,707,000 tendency.
One and two-year notes, «fcc.
”
94
Bearing these facts in mind, the reduction which has been
Redeemed certificates of deposit, June 8, 1872
325,000
Quarterly interest checks and coin coupons paid
258,524 made in the Bank rate this week, from 3/£ to 3 per cent, can
Registered and unclaimed interest paid
U. S. bonds and interest*
5,353.390 occasion no surprise. Since the rate was advanced to 3/£ per
Interest on District of Columbia bonds
2,116
the foreign exchanges have been steadily in our favor,
128,112 cent,
Speaker’s certificates
and for several days past we have been in the receipt of moderate
$316,231,670
supplies of gold from Paris. There has been scarcely any
export demand, and the result has been that the accumulation
at the Bank of England has been rather considerable.
The
total supply of bullion held by the Bank now amounts to
BATES OF EXCHANGE AT LONDON AND ON LONDON £27,012,124, which corresponds with £28,306,306 last year, and
AT LATEST DATES.
since the last return was published there has been a further
EXCHANGE ON LONDON.
EXCHANGE AT LONDON—Feb. 19.
moderate accumulation. Gold has also been returning from
Latest
Rate.
Time.
provincial circulation, and as business, both on the Stock
Rate.
Time.
On—
Date.
Exchange and in mercantile circles, is extremely quiet, it is
12*12
Feb. 19 Short.
©12-3*2
Short.
Amsterdam
quite possible that difficulty will be experienced in maintaining
3 mos. 12 4a4 @12*5*4
Amsterdam
25*39
Feb. 19 Short.
25 60 •©25*65
even the present very moderate rates of discount
The total
Antwerp
2048
Feb. 19
2062 ©20 66
Hamburg
20*4.8
reserve of the Bank is now £15,578,159, against £16,617,381 last
Feb. 19
20-62 -©20-66
Berlin
20*48
Feb. 19
20-62 ©)20‘66
Frankfort...
year, and the proportion it bears to the liabilities of the estab¬
18'40 © 13'45
•Copenhagen.
lishment amounts to nearly 47 per cent. The Treasury balance
245g ©24*2
Bt.Petera’bg.
25*35
Short. 25*32*2©25 42*21 Feb. 19 Short.
Paris
continues to expand, the total being £9,868,663, against £7,270,3 mos. 25*55 ©25-62*2
Taris
118*65
Feb! *19 Short.
11*98 %@ 12*05
Vienna
703 last year. The Government announce, however, a further
47*4©;4718
Madrid
issue of Treasury bills on March 1, to replace those which will
47*2 3>47*4
•Cadiz
25*55
Feb. 19 3 mos.
25’95 @26*00
Genoa
have to be paid off.
The following are the present quotations
25*55
Feb. 19
25*95 @26*00
Naples
-Gold coin
Gold bullion
Standard silver dollars
Fractional silver coin
Silver bullion
Gold certificates
■Silver certificates
United States notes
National bank notes
National bank gold notes
Fractional currency
h r
[VOL. XXXII.
THE CHRONICLE.
250
•
pl0Uctavij1(Commevxialgugli5Tx2Tlciu5
.
.
U
...
a
44
■
44
52*g
Lisbon
.'A
a
52 *4
Alexandria..
New York...
Bombay
..
..
30 days
•Calcutta
Hong Kong..
'Shanghai....
Is. 8d.
Is. 8d.
Feb.
Feb.
Fob.
Feb.
Feb.
Feb.
16 3 mos.
19 Short.
19 4
19
19
19
mos.
il
il
a
97
4 83*4
Is. 8310d.
Is.
8*4<l.
3s. 87sd.
5s. 2d.
Per cent.
3
Bank rate
Open-market rates—
30 and 60 days’ bills.
1881.
25g©2%
Open market rates—
Per cent.
4 months’ bank bills
23i@27b
6 months’ bank bills
3 @3*8
4 & 6 months’ trade bills. 3
@4
25s©234
3 months’ bills
allowed by the joint-stock banks and
deposits have been reduced and are now as
The rates of interest
discount houses for
] From our own correspondent. 1
London, Saturday, February 19,
for money :
follows
:
Per cent.
2
long time past the money market lias been sub¬
2
2*4
jected to great uncertainty, and the cdiange which has come
over it since the commencement of the present year has been
Annexed is a statement showing the present position of the
the occasion of some surprise. The closing weeks of last year Bank of
England, the Bank rate of discount, the price of con¬
were very animated in speculative circles, and no doubt some
sols, the average quotation for English wheat, the price of
-anxiety was felt, as it had become evident that speculation was middling upland cotton, of No. 40 mule twist, fair second
assuming dangerous proportions. The large speculative pur¬ quality, and the Bankers Clearing House return compared
chases which had been made of certain securities on the princi¬
with the three previous years.
1881.
1879.
1880.
1878.
pal Stock Exchanges of the world had forced up prices to a
Circulation, excluding
£
£
£
£
high point, and, in order to carry on those operations, large
bank post bills
25,433,965 26,688,925 29,858,125 26,329,055
sums of money had been advanced by the various bankers.
Public deposits
9,868,663
7,270,703 7,511,766 6,524,776
Other deposits
25.294,221 25,772,571 28,871,136 21,529,721
The banks were evidently deriving considerable, if not substan¬ Governm’t
securities. 15,829,060 16,482,531 14,688,528 15,203,201
securities
20,956,602 18,157,102 23,150,931 17,672,338
tial, benefit, from those transactions, and it is very probable Other
Res’ve of notes & coin. 16,578,159
16,617,381 17,005,797 13,401,738
that if there had not been the speculative activity referred to, Coin and bullion in
27,012,124 28,306,306 31,863,922 24,730,793
both departments
the directors of the joint-stock banks would not have been able
Proportion of assets
47*34
to liabilities
46*83
49*88
46*38
to distribute the dividends which have been recently announced.
2 p. c.
■>
3 p. c.
3 p. c.
3 p. e.
Bank rate
95%d.
But events have proved how unsubstantial is a demand for Consols
99*4
96:*s
98*4
50s. lid.
42s. 3d.
wheat, av. price.
44s. 2d. , 38_s. Id.
6*8d.
Early in Eng.
money arising out of Stock Exchange speculation.
Mid. Upland cotton...
6Led.
77ifid.
53]6d.
lOd.
lOqd.
lO^d. 8*4<L
the current year so great was the demand that the directors No. 40 Mule twist...
lear’g-house return.134,347,000 147.284.000 109,064,100 116,433,000
of the Bank of England advanced their rate of discount to 3%>
A prominent feature during the week has been the activity of
per cent. Such an advance early in the year is very unusual,
and the conclusion was arrived at that the rates of discount the silver market, and a somewhat rapid upward movement in
were about to steadily improve.
The discount houses, only a the quotations. The quotation for fine bars is now 52 3-16d.
few days ago, raised their rates of interest for deposits with per ounce, but the market closes with a somewhat less anima¬
notice of withdrawal, to the extent of a quarter per cent, and ted appearance. There lias been considerable speculation during
fro n this it was inferred that there was a belief in an approach¬ the week, which is due, of course, to the statement that several
For
a
very
Joint-stock banks
Discount bouses at call
with 7 or 14 dajrs’notice
do
..
1881. j
March 5,
the expediency of a bi-metallic
currency, the result of which will be that silver will again come
into extensive use. England, on questions of currency, is
naturally too conservative to make a change, but the matter
will, no doubt, be thoroughly discussed at the approaching
convention, and it is to be hoped that a satisfactory solution
will be arrived at. The rise in the price of silver during the
influence on the securities
week has had considerable
of
those countries whose currency sonsists of silver.
Austrian and Hungarian silver rentes show a marked
improvement in value, but, what is more important to
this country, it has given more confidence in mercan¬
tile circles, and especially in the cotton industries, as the
purchasing power of Asia and South America will be largely
augmented, and an increased sale for our manufactures is
anticipated. A few years ago our trade languished a good deal
from the depression of the silver market, the price having
fallen to 47d., and for a brief period to 46%d. per ounce. An
advance of (3d. per ounce, with probably a prospect of further
improvement, is important, but immediate results upon our
trade can scarcely be anticipated. The following prices of
countries are
about to discuss
bullion are from
Messrs. Pixley & Abell’s
Circular:
s.
GOLD
oz.
per <
gold, fine
gold, contain’# 20 dwts.
Spanish doubloons
South American doubloons.
United States gold coin
Bar
Bar
German
gold coin
standard.
silver .. per oz. standard.
per oz.
per oz.
per oz., none here.
per oz.
.
fine
silver, contain’#
Cake silver
Mexican dollars
Chilian dollars
Bar
5 grs. gold
Quicksilver, £6 18s. Od.
In consequence
d.
75
in the whole
ters in
principal markets have been 956,624 quarters,,
against 768,133 quarters 1879-80, and 1,369,927 quarters in
1878-9; the estimate for the whole kingdom being 3,826,500
sales in the 150
quarters, against 3,108,500 quarters last season, and 5,479,700
quarters in 1878-9. Without reckoning the supplies of produce
furnished ex-granary at the commencement of
estimated that the following quantities of
0
IMPORTS.
cwt.28,030,483 32,071,503
Wheat
a)
Barley
Oats
Peas
Indian coin
Flour
silver, the Indian
rupee.
the Bank of England on March 1
£1,500,000 in Treasury bills in the usual amounts
7,271,396
5,140,452
8,577,666
16,065,323
6,465,124
5,525,217}
on
the ordinary terms.
following are the current rates
pal foreign centres:
The
Bank
Open
rate.
market
l*r. ct.
Pr. cl.
Paris
Amsterdam
Brussels
Genoa
Berlin
Frankfort
..
...
..
3*2
3%
'
3
2%
3 bi
3*4
3b>
2*2
234
2%
3%
4
4
4
4
4
Hamburg
Vienna
of discount at the princi¬
914,563
978,347
68.656
30,550
Oats
359,987
53,762
48,853
63,513
45,704
73,305
Peas
9,463
13,497
20,568
10,735^
Beans
19,716
3,650
Indian corn
163,417
487.948
155,291
51,211
60.564
Flour
64,854
45.045
23,063:
The Board of Trade returns for January have been issued
this week, and they show the following results:
cwt.
Wheat
Open
rate.
Pr. ct.
6
4
market,
4
5
4 a)5
5
3 b>o 4
N<*w York
Pr. ct.
6
5
3b>
4® 5
5
Calcutta
the Stock Ex¬
change during the week, but since the bank rate was reduced
rather more activity has been apparent. British railway shares
were, at one period, much depressed, partly in consequence of
a statement that a petition had been presented to Parliament
having for its object an inquiry into the recent management of
the Caledonian Railway Company. The stock of that under¬
taking suddenly fell about six per cent, and other railway
shares showed the usual, but uncessary, sympathy. Lower
prices, however, and cheap money have since attracted the
attention of buyers, and a recovery has taken place.
A good
business has been done in American bonds, and the market
Business has fallen away very
closes with
a
considerably
on
good tone.
There has been
some
520.614
641,575
12.823
22,976
Barley
.
excitement in mercantile
circles during
1881.
1880.
1879.
£26,742,962
17,318,911
£26,367,047 £32,372,907
14,196,318
16,912,858
of
bullion
have
imports and exports
been as
Imports In January
Exports in January
The
under:
GOLD.
1881.
1880.
1879.
Bank
8 fr. 'Petersburg...
Geneva
Madrid. Cadiz &
Barcelona
Lisbon & Oporto.
Copenhagen
1,463,824-
23,523,385 28.197,542
6,303,398 7.408,077
5,747,308 5,754,152
821 695
919.548
599.894 1,941.263
13.832.067 13,823,080
3,719,395 4,074 804
EXPORTS.
Tenders will be received at
and
7,243,296
1,315,667
1,204.741
1,101,141 10,758,926
Beans
1877-78.
1878-9.
1879-80.
1880-81.
exchanges have improved considerably, and the rates are now
as follows: Bank bills, Is. 7 15-16d.; 30 days, Is. 8d.; on demand,
Is. 8 l-16d. Private bills, 60 days, Is. 7 13-16d.; 30 days,
Is. 7 15-16d.; and on demand, Is. 8d.
India Council bills were
sold on Wednesday at the Bank of England at Is. 7 15-16d. per
for about
1877-8.
32,071,563 23,523,s85 23,197,342
5,625,507 3,719,325 4,074,804
Sales of home-grown
16,581,400 13,470,000 23,745,400 19,055,200
produce
Total
51,077,007 51,166,770 50,938,180 51.327,346Deduct
exports
of
wheat and flour.....
706,459
531?,178
959,603 1,001,410
Result
50,370,548 50,585,592 50,028,572 50.325,936-*
Av’ge price of English
wheat for season (<ir )
42s. 4d.
53s. 6d.
47s. 3d.
40s. 7d.
Visible supply of wheat
bush.27,400,000 28,889,896 20,730,750
in the U. 8
The following return shows the extent of the imports and.
exports of grain &c., into and from the United Kingdom
during the first twenty-five weeks of the season, compared withthe corresponding period in the three previous seasons:
Imports of wheat.cwt.28,030,483
Imports of flour
6,465,124
if.
per oz
Discount, 3 per cent.
harvest. The
1878-9.
1879-80.
1880-1.
standard 52:*ie W 52*4
standard 52% '&>
per oz. 50% ®
per oz. 51
@
of the rise in the price of
placed on the British markets since
supply in the United States is also given:
3 b®
76
the season, it is
wheat and flour
have been
visible
(L
per oz.
per oz.
quarters in 1879, while it is computed that they were
kingdom 144,500 quarters, against 144,640 quar¬
1880 and 249,000 quarters in 1879. Since harvest the-
and 62,239
d.
s.
77 9
®
77 10 L>®
74 0 ©
73 9 ®
SILVER.
Bar silver,
251
CHRONICLE.
THE
£•
—£
&
482,018'
1,106,906:
Imports iu January
1,167,884
380,149
508,325
Exports in January
1,451,158
944,6-2.
765,264
GOLD ANI) SILVER.
Imports in January
3,136,639
606,457
990,343
Exports in January
1,857,750
1,412,381
2,051,528The following figures relate to the month ended 31st January::
IMPORTS."
226,308
647,117
1,968,755
406,592
Imports in January
Exports in January
SILVER.
TOTAL
cwt.
Cotton
1879.
1880.
1.408,415
1,151,383
EXPORTS.
1879.
-
170,144
15,823,600
yards. 277,332,705
tons.
128,318
lbs.
1,307,400
yards. 17,413,500
yards.
10,621,200
£
183,831
528,400
lbs.
Colonial and foreign wool.lbs.
12,416,600
Cotton
Cotton yarn
Cotton piece goods
Iron and steel
Linen yarn
Linen piece goods
Jute manufactures
Silk manufactures
British wool
cwt.
lbs.
lbs.
yards.
Worsted stuffs
yards.
Blankets & blanketing..yds.
Flannels
yards.
Woolen yarn
Woolen cloths
yards.
Carpets
2,233,400
3,772,400
19,121,900
550,500
566,500
559,500
1880.
1881.
.
1,280,839
1881.
-/
170,801
121,319
15,417,100 19,490,100357,208,400 411,371,100
1^7,112
275,979
1,200,300
21,071,800
15,9b0,000
164,358
2,03b,200
7,157.906
2,302,o00
3,713 200
21,873,300
588,400
524,800
653,800
1,260,400
^{>^9,200
14,216,700
,
185>333
Voia ooo
4,217,828
1 , /38,600
4-g?2,500
3 8,745,100
663,100
6o2,oOO~
521,700>
the pig-iron
The following were the quantities of cotton manufactured
estimated at piece goods exported in January, compared with the corres¬
£500,000; but although commercial difficulties, like mercantile ponding month in the two preceding years :
1879.
1880.
1831.
prosperity, commences in the iron trade, there is no reason to
Exported to—
Yards.
lards.
believe that general trade is in any way unsound. Speculation Germany.....
3,751.500
3,586,800
4-6o9,4007,519,600
4,989,000
5,237,300
in the pig-iron trade has for some time past been a cause for hSESS. :::
France
6,042,400
4,393,300
6,120,o00
anxiety and the failures have not occasioned surprise.
Portugal, Azores & Madeira.
4,828,800
5,872,900
q'I?aoaa
6,114,200
0.072,SOO
8,010,900
There has been rather more business passing in wheat during Italy
672.000
Austrian Territories
1,657,300
the week, but the trade has been far from active. Scarcely Greece
2,105,500
2,563,300
3.878,700
Turkey
21,344,000 41,835,600
23 837,800
any variation in prices has taken place. Millers still buy E-vpt
::::::::::::::
7,442:500 10,266,300
13,225,700
Coast of Africa
1,604,600
3,025,600
^ 772,000
chiefly from hand to mouth, as our imports are about ade¬ West
Uni ed States
0.544,»00
/,441,100
quate to our requirements. The weather has been favorable Foreign West Indies
3,. 37,-00
5,444,000
5,161,600
Mexico
612,100
2,5o9,200
2,997,200
during the week for farming operations.
the week in consequence of several heavy failures in
trade at Glasgow. In one case the liabilities are
.
..
Unitrd States
of Colombia
(New Granada)
During the week ended February 12 the sales of home-grown Rr'i7il
'
produce in the 150 principal markets of England and Wales Uruguay*." * *
amounted to 36,089 quarters, against 36,160 quarters last year Argentine Republic
-
!
^
3,190,400
12.2u7.300
2,140,300
3,649,000
3-97,400
19,759,200
3,589,600
4,812,700
0
nnr,
1 >,»67,000
3.788^00
9,044,*00
THE CHRONICLE
252
Fxported to—
Chili
1870.
1830.
Yards.
Yards.
1881.
Yards.
5,317,800
3,183,800
2,200,100
Pom..,
China and Hong Kong
2,775,400
1,300,400
881,100
38,750,200
42,522,400
Japan
4,510,500
5,600,(500
38,033,000
5,288,300
Java
5,104,400
7,114,500
3,003,800
Philippine Islands
2,076,100
5,032,000
5,230,400
Gibraltar
Malta
British North America
823,100
2,552,300
7,023,700
1,330,700
801,800
2,223,300
3,100,200
4,613,800
5,027,400
2,033,400
3,79i,S00
3,117,800
2,0G5,200
1,956,100
1,932,500
British West India Islands A
Guiaua
British Possessions in South
Africa
British India—
Bombay
25,829,100
3,800,100
46,440,900
Madras
'.
Bengal
Straits Settlements
2,004,600
Australia...
Other countries
predominating
Grand total
merated
£
Total value, of cotton
14,969,300
193.189,400
251,268,000
288,454,700
83,104,000
104,986,000
120,818,500
979,300
954,400
2,097,900
277.332,700
357,203,400
411,371,100
as
follows:
1879.
1880.
1881.
127,418
8*<,00t
181,885
9 4,719
187,999
878,039
1,034,193
1,053,030
84.573
72,324
77,074
74,379
4,078,940
4,949,613
5,704.701
£
classified list of the exports of such articles as
monthly trade and navigation returns from
.the United Kingdom to the United States of America, in the
month ended 31st January, 1881, as compared with the same
a
shown in the
are
month in 1879 and 1880
:
1879.
Iron—Fig
1880.
Bar, angle, bolt and rod
tons.
tons.
3,261
Railroad of all sorts.
tons.
75
Hoops, sheets and boiler-plates, tons.
Tin-plates
tons.
53
8,995
159
1881.
56,570
6,819
15,327
4,935
17,013
16,054
1,085
7,92L
220
12,177
Cast and wrought
Old for re-manufacture
tons.
tons.
749
186
1,057
785
Steel, unwrought
24,972
5,53 4
tons.
tons.
cwt.
463
2,592
3,775
30
668
60
2,711
Bead
pig, rolled, sheet
Tin, unwrought
Juteyarn
585
ibs.
238,400
65.100
604,800
Textile fabrics—Cotton piece g’ds.yds. 6,544,700 11,139,200 7,441,100
Jute piece goods
yds. 3,452,000 10,291,000 7,0LS,900
Bin’ii piece g’dsf except sail cloth)yds. 10,960,100 14,939,500 10,198,500
Silk broad stuffs
yds.
48,750
56,223
19,915
Woolen cloths
yds.
487,200
286,900
625,500
Worsted stuffs
yds. 1,816,200 3,930,700 2,157,600
Woolen carpets
yds.
32,500
225,800
129,100
Miscellaneous articles—Alkali
cwt.
278,481
3 41,175
Bags, empty
d#z.
Beer and ale
39,612
bids.
34,259
1,358
553
25,302
6,472
50,900
Paper of all sorts(cxc,pthang’gs)cwt.
Salt
tons.
Spirits, British and Trisb
Wool, sheep and lambs
Articles shown by value only—
Apparel and slops
Earthen and china
gals.
lbs.
£
4,013
25,562
39,201
29,379
10,973
£
ware
Haberdashery and millinery
1.832
646
27,987
9,103
267,017
34,817
1,483
900
25,831
0,254
1,472,600
1,210,100
7,754
4,809
53,501
55,027
42,799
36,751
62,219
39,588.
39,198
25,66 4
Hardware and cutlery
£
£
Machinery of all sorts
£
Silk—Ribbons
£
£
£
46 4
49 4
79
1,607
4,277
9,510
£
4,484
2,926
4,208
4,422
Other manufactures
Mixed
ith other materials
w
Stationery
FIX) UR.
From—
Cud.
9,807
4,421
estimate, arrived at from official
an
sources,
of
the value of cereal
produce imported into the United King¬
dom during the first five months of the season, viz., from
September to January, inclusive:
1880-1.
Wheat
£12,420.092
2,842,385
Barley
£15.785,693
3,206,818
1,346,620
1,376.409
423,336
4,280,106
4,568,950
451,324
519,95 L
2,9 4 4,321
4,354,648
279,90 )
203,275
3,361.881
370,917
615,024
4.1 45,598
2,726,908
3,338,893
£26.660.607
£30,882,517
£21,280.711
£29.369.307
Peas
502,900
corn..
There
1877-8.
£10,333.220
2,474,177
1,623,138
Total....
1 378-9.
£10,703,459
3,5 47,777
2,360,561
Oats
Beans
Indian
Flour
1879-80.
has been
decrease, therefore, during the last five
months, compared with the corresponding period of last season,
a
of £4.220,000.
The following return shows the extent of the
imports of
wheat and flour into the United Kingdom during the first five
months of the season, viz., from September to January
inclusive,
compared with the three previous
seasons:
won: at.
1830-31.
From—
Cud.
Russia
622,931
United States... .15,523,534
1879-80.
Cud.
Cwt.
France
213,973
1,288
Chili
3.019,081
17.101,222
2,977,383
1,237,617
5,985
4 15,754
801,713
Brit. N. Americia 2,011,406
Germany
..
Turkey, Ac
Egypt
.....
British India...
Australia
Other countries.
Total
.
.
.
1877-78.
Cwt.
■
4,333,382
1 1,312,296
1,583,476
4,326,717
1 !
,039,76 4
2,621,255
2,959,007
150.540
86
'134.414
2,014,23 4
3,777
50,573
121,6 47
1.317,363
801,063
124,461
512,373
831,190
795.156
3,058,095
632,219
23,506,512
20,836,380
25,489,341
1,393,551
2,120,941 {
58,686 5
.23,513,024
51,192
182,596
138,601
473,662
13/ 7-/
8.
Cud.
541,045
516,853
134,085
3.398,791
254,485
1,695,332
864,603
878,308
125,917
449,031
1,164,381
244,685
1.030,913
3,343,095
3,614,926
Total
The
450,868
132,828
J
5,168,799
5,604,56 4
•
85,759
following statistics, relating to the prices of cereals,
Sturges’ circular:
are
from Messrs.
1848
AVERAGE PRICES OF GRAIN,
1848
18 49
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
1860
1861
1862
1863
1864
2.5087—The
Wheat.
s.
d.
50 6
44
6
40 4
38 7
41
0
53
72
74
69
56
44
0
7
9
2
5
4
9
43
53
55
55
44
40
Oats.
s.
d.
20 6
17
6
16 5
18 7
l
19
20 11
27 11
27 6
25 2
1
25
2 4 7
23 3
24 4
23 9
22 7
21
2
20 1
Barley.
31
d.
6
27
9
s.
23 5
24 9
28 7
33
2
O
36
34 9
41
1
42 2
34 9
33 G
36
8
36 2
1
35
33 10
30 0
1
6
5
9
0
TO
1880, INCLUSIVE.
Wheat. Barley.
.<?.
1865
1866
1967
1869
1869
1870
1871
1872
1873
1874
1975
1876
1877
1878
1879
1880
41
.
d.
10
11
6
9
3
.
.
.
.
,...58
8
55 10
45 3
...46 3
56 10
46 5
43 10
....44 5
.
....
.
....
.
....
.
.
....
.
....
.
-1879.
48
49
55
53
59
52
Dantzic
Stettin
Hamburg
Nantes
Marseilles
Barietta
*
Alexandria
Odessa
Mariano pie
Montreal
New York
San Francisco
Va paraiso
Adelaide
43
54
47
49
46
3s
40
EnslHU
Market
d.
s.
0 to 49
6
59
6
57
C
60
0
59
0
59
0
55
0
48
0
55
0
50
0
50
6
48
0
45
2
42
0
42
-1880.
48
44
47
46
49
41
49
38
46
'
47
41
33
30
33
36
0
6
8
0
-
d.
s.
d.
6 to 50 0
0
53 0
0
50 0
0
52 6
0
51
0
0
46
3
0
51
0
0
42
6
0
47
0
0
50
0
6
42
6
6
40
6
0
6
3L
0
35
0
0
37
0
,9.
0
Reports—Per
9
5
1879 AND 1880.
.
d.
0
6
6
6
6
0
6
0
0
0
d.
21 11
24 7
26 0
28 1
26 l
22 11
25 0
23 2
25 5
28 11
28 8
26 4
25 1
21 5
21 10
23 2
s.
40 o
43 0
39 6
34 7
36 o
37 4
40 1
44 11
38 7
35 2
39 10
40 5
33 11
33
1
....
.
,—
s.
29
37
....
.
Oats.
(1.
s
49
64
63
48
46 10
....56 8
57
1
.
.
PRICES OF WHEAT IN FOREIGN PORTS IN DECEMIIElt,
Cable.
The
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
London Money and Stock Market.—The bullion in the Bank of
England decreased £07,000 during the week. - During the
same time the specie in the Bank of France increased 6,716,000
francs in gold and 3,150.000 francs in silver.
Jfon.
Feb.
28.
Sat.
Fi’b.
26.
Silver, per oz
d. 529,6
99%
49%
49%
135
G5J 4
Pennsylvania
Philadelphia A Reading. 32 %
New York Central
".. 15 L
135 %
661♦2
33
152
Erie,
common stock
niinois Central
Liverpool Breadstuffa
.and
Sat.
.9.
Flour (ex. State) .100 lb .12
9
Wheat, No. 1, wh.
“
9
“
Spring, No. 2...
Winter, West.,n.
“
Cal. white
“
0
9
5
d.
6
4
Coru,mix.,W.new
“
Pork, West. mess..$bb1,.65
0
1
5
0
Bacon, long clear, cwt.. 41
Beef, pr. mess,new,$ to. /•j
Lard, prime West. $owt .52
Cheese. Am. choice “ 63
0
9
0
6
Tacs.
Mar.
1
52%
Consols for money
993l6
9 9 >4
Consols for account
993,6
Fr’eli rentes (in Parisifr.S 3*87% 83*60
U. 8.5s of 1881
103%
103*4
U. S. 4%i of 1891
114%
1 L4%
U. S. 4sofl907
116%
116%
Wed.
Mar.
2.
Fri.
Mar.
4.
52%
52%
52%
99:*i6
99%o
99% 6
99^,6
999a
99%
83 62% 83*80
103%
103%
114%
114%
116%
50%
137 %
67%
116%
49%
135
66 %
33
%
151
Tucs.
8.
d.
12
9
9 5
9
3
9 8
9 2
5 6
05 0
40
6
75 0
52
3
63 0
99%
84*65
103%
114%
116%
50%
137
68' 4
34
152
3 1%
153 %
Provisions Marks ts.
Mon.
s.
d.
12 0
9
4
9
2
9 0
1
9
5 5
65 0
0
41
75 0
52 9
63 6
Thurs.
Mar.
3.
52%
9
2
5
6')
40
75
6
5*2
0
03
0
99%
85*25
103%
114%
117%
50%
137 %
68 %
3 4%
153 %
—
Wed.
s.
d.
12 6
5
9
o
3
9 8
Liverpool Cotton Market.—See special report
0
0
0
on
Thin \S\
.9.
12
9
9
9
s.
9
12
9
9
9
9
5
05
39
75
51.
63
9
5
5
3
8
2
6
65
0
30
51
6
0
9
03
0
75
Fri
d.
d.
9
6
5
9
3
6
0
0
0
0
0
cotton.
©crmnxcvchtl autUlXiscclhiueous Hears.
National Banks Organized.—The
banks
were
organized this week
following-named national
:
United States National Bank of the City of New York. N. Y.
Authorized capital, $500,000.; paid-in capital, $250,000.
Victor Newcomb*. President f Logan C. Murray, Cashier.
H.
First National Bank of Huntington, Indiana. Authorized
capital, $100,000; paid in capital, $100,000. Wm. McGrow,
President; S. F. Dick, Cashier.
Imports
1878-79.
1878-79.
Cwt.
France
144,909
United States
3,453,693
Brit. N. America
313,946
Other countries.. 1,150,971
Germany
,
Annexed is
1879-80.
Cwt.
1880-81.
Petersburg
manu¬
factures
Subjoined is
13,836,000
2,463,700
5,284,400
22,702,600
Other manufactures of cotton show
Bace and patent net..
£
Hosiery of all sorts
£
Thread for sewing
lbs.
Other manufactures, uneuu-
6,758,500
91,562,700
2,196,700
3,433,200
21,855,700
3,461,000
Total unbleached or bleached
Total printed,dyed,or colored
Total mixed materials, cotton
50.431,900
5,647,700
70,074,700
15,483,100
0,153,300
Ceylou
45,350,300
[VOL. XXXII,
Exports
Week.—The imports of last
of the preceding week, show
a decrease in dry goods and an increase in general merchandise.
The total imports were $3,997,313, against $3,829,909 the pre¬
ceding week and $0,223,763 two weeks previous. The exports
for the week ended March I amounted to $8,523,235, against
$0,728,009 last week and $7,399,102 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Eeb. 21 and for the week ending (for general
merchandise) Feb. 25; also totals since January 1:
and
week, compared
for the
with those
Real estate
FOREION IMPORTS AT NEW YORK.
For
Dry
1878.
Week.
Gen’l mer’diso..
$2,325,900
5,522,977
$1,855,698
$2,351,173
3,301,231
3,450,320
1,461,635
$12,205,255
1881.
Less
Goods
.$10,743,620
:
Personal property.
1880.
1879.
2 53
CHRONICLE.
THE
1881.J
March 5,
sworn
liabilities
364,255
$1,633,407
Total
7,273,939
$11,841,000
*
“
Perhaps not one-fourth of the unpaid assessments can ever
$7,848,877
$8,907,346 be
$5,306,018
$5,652,401
Totfil
got. They represent a good many properties which have
Since.ton. 1.
$17,399,067 $16,828,353 $22,755,637 $19,280,842 been virtually abandoned and which would realize nothing if
Dry Goods
54,728,158
33,038,883
40,919,933 put up for sale. Only a portion of the tax arrears and unpaid
32,524,497
Gcu’l mei’dise..
taxes for five years is collectible, and the city b©nds are neces¬
$60,200,775
$49,924,164 $49,867,236 $77,483,795
Total
sarily at a very low market price. Last year only $54,221 was
paid on account of assessments, and this amount was only paid
The following is a statement of the exports (exclusive of
in the depreciated bonds of the city, which were accepted at
specie) from the port of New York to foreign ports for the their face value. About $400,000 is due, with interest, for
week ending March 1:
wooden pavements which are now rapidly going to decay.
EXPORT8 FROM NEW YORK FOR THE WEEK.
The amount of principal and interest now actually due is
•
'
1830.
1879.
1878.
.
nearly $2,000,000. Judgments for nearly $900,000, representing
temporary loans and interest due, have been obtained by the
Mutual Benefit Life insurance Company of Newark, the Singer
Sewing Machine Company, and other good creditors. * * *
1881.
Forthe week...
Prev. reported..
$8,147,765
52,446,926
$5,763,155
$5,293,449
$8,528,255
47,986,051
48,358,334
57,593,033
Total s’ce Jan. 1
$60,594,691
$53,749,206
$53,651,783
$66,121,238
“
There have been several conferences between
a
committee
representing the city and the principal creditors, with a view to
some
settlement on a basis satisfactory to both sides, but
The following table shows the exports and imports of specie
nothing has been accomplished. The creditors are waiting to
at the port of New York for the week ending Feb. 26 and since see what action the
Legislature will take. A proposition is
January 1, 1881:
stated to have been submitted by them that the debt be made
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
payable at four per cent interest, but this is held to be impos¬
sible by the Elizabeth taxpayers, and it has not been considered
by them. A proposition has been submitted by the leading
Exports.
Imports.
Oold.
taxpayers that a settlement be made on the following basis:
Week.
Since Jan. 1
Week.
Since Jan. 1
$
$
$
Great Britain
$3,815,585
482,500
Fran'**
West Indies
.
126,635
121,267
9,896
-
2,314
1,586
111,360
fiontb America
All other countries
•
That new bonds for the whole amount of the debt shall be issued,
bearing interest at 1 per cent for the first ten years; 2 per cent
for the second, 3 per cent for the third and 4 per cent for the
fourth—the bonds to run forty years. A petition to this effect
4,600
$13,796
45,131
37,566
$4,722,483
343,390
134,223
$167,200 $1,740,625
$9,700
$53,012
$
Total 1881
Total 1880
Total 1879
Silver.
$115,960
1,920
Great Britain
German v....
West Indies
Mexico
ftouth America
All other countries
832,890
14,022
26,166
1,727
12,880
-
$177,200
213,239
644,402
99,653
50
$1,787,770
$51,615
$562,468
1,072,451
2,928,319
508,530
215,255
1,014,479
2,016,616
Ot the above imports for the week in 1881, $2,513
American gold coin and $27,051 American silver coin.
or
—The attention of investors is called to an advertisement in
the Chronicle of the Washington City & Foint Lookout
Railroad Company, represented in this city by the well-known
were
banking house of A. W. Dimock & Co. The issue of bonds is
limited to $1,000,000, or less than $14,000 per mile. The com¬
pleted portion of the road is now leased by the Baltimore &
Ohio.
Work is in active progress on the extension which the
new
bonds cover.
Subscriptions are invited at 92^2 and
decrease:
accrued interest for the bonds.
Amount.outstanding June 20, 1374
Amount outstanding January 14, 1875
Amount outstanding May 31, 1878
Amount outstanding at date *
:
.
Decrease during the last month
Increase since March 1, 1880
Legal Tender Notes—
Amount outstanding June 20, 1874
Amount outstanding January 1.4, 1875
Amount retired under act of Jan. 14, 1875, to May 31, ’78
Amount outstanding on and since Mav 31, 1878.."
Amount on deposit with the U. S. Treasurer to redeem
notes of insolvent and liquidating banks, and banks
retiring circulation under Act of June 20, 1871
Increase in deposit during the last month
Increase in deposit since March 1, 1330
Circulation
of
national
—We learn that a second dividend of “asset scrip” has been
declared by the committee of creditors of the estate of Jay
Cooke & Co., in bankruptcy. Messrs. G. T. Bonner & Co., 20
Broad Street, advertise in this week’s Chronicle that they are
$349,801,182
351,861,450
322,555,965
312,906,753
503,685
695,886
prepared to buy this scrip.
—Attention is called to the advertisement of “cotton farms
for sale,” which is published in the Chronicle to-day by Messrs.
$882,000,000
382,000,000
85,318,98 1
316,681,016
Aubrey, Bennett & Co., 103 Water Street.
BANKING AND FINANCIAL.
37,999,532
FIS It
10,553,83 1
19,634,275
gold banks, not included iu the
$1,128,105.
above,
AND
IN
NKICRS,
GOVERNMENT
BONDS,
Everything is in
a
muddle.
What will
come
No. 5 Nassau Street, New York.
Buy anJ soil all issues
UAUIUTIKS.
S
I
out of
reference to
Bonds.
We are
Jaxar;oarage, bonds....
Wcliool-house bonds...
Market-house bonds....
Alms-house bonds..,
temporary loans.
.
Mintraets and awards
Unpaid bills, 1879-80
Estimated
“Adding-
..
..
731,000
Buy and sell all marketable Stocks
ASSETS.
Tax
Stock Exchange or in
693,000 | Unpaid taxes 1376
250,500 I Unpaid taxes 1877
241,000 | Unpaid taxes 1378
90,000 I Unpaid taxes 187!)
66,000 | Unpaid taxes 1880
5,000 I City bonds
828,291 | Cash
184(584 I
75,000 |
Total
.$5,435,475
54,475
57.922
102,951
61.730
91,841
1)2.000
75,565
interest
IaP We give special attention to orders from Banks, Bankers, Institu¬
IVIall or Telegraph, to buy or
tions and investors out of the city, by
$2,421,406
sell Government
to the amount of the liabilities the interest at 7 per
$700,086, the city having defaulted in pay¬
years ago, the total indebtedness is $6,196,402.
The.
as
follows
:
registered interest, and other coupons, divi¬
dends, &o., and credit without charge.
|
property within the city is
Bankers, Merchants and others, an 1 allow
daily balances; and for those keeping accounts with us we
collect U. S. coupons and
cent for two
years,
ment two
valuation of the
on
and Bonds on commission, at the
the open market.
Receive accounts of Banks,
170,253
arrears
prepared to give information in regard to first-class Railway
Securities and to execute orders for the same.
imp. bonds....-..$2,432,000 j Unpaid assessments.. ..$1,71 1,665
unded debt bonds
Ponded assossm’t.bonds
City improvement bonds
of Gavernmoat Bon is, in large or small amounts,
prices/And will bo pleased to furnish information iu
all matters connected with investments in Government
at current market
financial difficulties 1 cannot even guess, but I hope some
plan of settlement will be hit upon finally which will be satis¬
factory to both the tax-payers and the city’s creditors.”
The Tribune gave the financial condition of Elizabeth, as
shown by the last report of the Controller, January 3, 1881, as
follows :
our
1
DEALERS
HATCH,
And.other desirable Investment Securities,
man can.
Consol,
Sc
BA
Elizabeth City (N.
Charles C. Stevenson, City
Treasurer of Elizabeth, N. J., said to a New York Tribune
reporter in reply to a question regarding the payment of the
bonds of the city : “ I can tell nothing about it, and no moital
.
expresses con¬
position of the creditors to approach an adjustment in the spirit
liberality, and believes the best interests of the State will be
subserved by a speedy adjustment.
National Bank Notes—
*
The Governor
of
Statement of the Comptroller of the Currency on March 1,
1881, showing the amounts of National Bank Notes and of Legal
Tender Notes outstanding at the dates of the passage of the
Acts of June 20, 1874, January 14, 1875, and May 31, 1878,
iogether with the amounts outstanding at date, and the
increase
$6,500,000 interest due.
fidence in the integrity of the people and of their willingness to
bear just burdens to the extent of their ability, and says there
can be no question as to the moral obligations of the State for
the ultimate payment of its bonds. He expresses faith in the dis¬
375,243
24,777
7,415
Total 1880
Total 1879
be added
9,733
1,000
Total 1881
being circulated and it is to be presented to the Common
It is understood, however, that the creditors have al¬
ready signified their unwillingness to accept this proposition.”
Tennessee State Debt.—The message of Gov. Hawkins, pre¬
sented to the Legislature Feb. 25, devoted much attention to
the consideration of the State debt, and the outstanding liabili¬
ty against the Sta'e was given at over $20,000,000, to which must
now
Council.
334,710
22,850
3,000
10,000
Prance
is
76,896
99,600
*
Bonds, State and Railroad Bonds,
Bank
Stocks, Railroad Stocks, and other securities.
Wohavoissuod tho Eighth Edition of “Memoranda Concerning Govorumont Bonds,” oopibs
of which cau bo had on application.
FrSK A nATCH.
O
The following
Name
I
I
l> E N
I) S
dividends have recently been
of Company.
U. S. 5s of 1881....
U. 8. 4%s of 1891..
U. S. 4s of 1907....
announced:
Payable
4.
103%
114%
116%
103%
114%
116%
103%
114%
117%
The closing prices at
Books Closed.
(Days
March
25.
■
.
When
Per
Cent.
.March 31 March 1 to
March 18 March 7 to March 19
1%
March
Eel River (quar.)
FRIDAY.
*
5
MARCH 4, 1SS1-5
I*. M.
Market and Financial Situation.—When call
cent per annum plus % per cent a day,
money was considered easy.
This is a sufficient comment upon
the recent circumstances of the market; and the fact that stocks
could advance so sharply, with money still at rates which, in
ordinary times, would be considered stringent, shows how severe
The Money
loans declined to 6 per
decline of Friday, Feb.
there seems to be
little reason to anticipate anything less than a firm rate at 5@6
per cent before the middle of April, and it would not be re¬
markable to see much higher rates. This is the outlook as it
appears to-day, but at the same time we must admit the great
uncertainty in the movements of coin and currency in the United
States, and the well known fact that the precedents of former
years have too often gone for nothing. Could we imagine that
the shaping of our financial markets was left to the manage¬
ment of some particular evil spirit, it would appear to have been
the purpose of that genius to overthrow in one year what he had
established in its predecessors, and thus by perpetual upheavals
the pressure which caused the heavy
25. As to the future of the money market,
was
la,
6s,
4a,
4s,
is,
Is,
reg.
coup.
reg.
coup.
reg.
cur’ey, 1897..reg.
cur’cy, 1898..reg.
cur’ey, 1899..reg.
This is the
have been as follows
March March March March
v>
3.
4.
1.
J.
J.
coup. Q.-Jan.
1907
*127
cur’ey, 1895..reg. J. & J.
*128
eur’ey, 1896..reg. J. & J.
*
Feb. 21 104% Jan. 3
Jan. 14
114% Feb. 21 116
115% Feb. 9 117% Jan. 17
103
*101%
*101
& J *100% *101
'101%
*101
& J. *l0o% *101
*
i oo %
100% *100%
Q.-Fob. *100%
*
Q.-Feb. 100% 100k> *100% *100%
m
110%
Q.-Mar. 110% in
*111 %
112% *xil % *111%
Q.-Mar.
coup.
112% *112% X 1 1 %
reg. Q.-Jau. 112%
112% 112% 112% *112%
6a, 1881
6s, 1881
5s, 1881
5a, 1881
4%s, 1891
4%s, 1891
4a, 1907
J.
J.
J.
*127
127%
*128%
*429%
*130%
A J. 129
*
A J. 129
A J. *l3o
Highest.
Lowest.
Feb.
28.
Feb.
26.
Inter ext
1%
$2
Northw.j pref. (quark
Range since Jan. 1,1881.
the ^ew Vork Board
inclusive.)
Periods.
Railroad*- :
Albany (quur.)
Chicago A
V
Feb.
18.
Feb.
'flic fSJaukevs' CSasette.
Boston Sr.
[vol. XXXII.
IKE CHRONICLE.
254
*125
*126
*127
*128
*129
*126
*127
*128
*129
*130
*101% 102
*101% *101%
*100% *100%
*100% 101
*111
*111%
*xl 11 *111%
112% 112%
113% 113%
*126% *127
morning board; no sale was
price bid at the
*127
*128
*129
*130
*128
*129
131
*130
made.
and the amount of
were as follows:
The range in prices since Jan. 1, 1881,
each class of bonds outstanding March 1, 1SSI,
Range since Jan.
-
Lowest.
|
1, 1881.
Registered.
Highest.
3; 101 %
6a; 1881—cp. 101% Jail.
5 s, 1881
cp. 100% Feb. 24 101%
4%s, 1891. .c-p. 111% Feb. 251113
31114
4a, 1907
cp. 112% Jan.
6s,cur’iu*y.reg. 127 ^ Feb; 281134 %
Amount March 1,
1881.
Coupon.
Jan. 31 $156,875,550 $14,680,450
Jan. 28 323,218,750 146,101,900
Feb. 19
Feb. 18
Jan. 13
177,434,300
536,764,350
64,623,512
72,565,700
201,800,700
Railroad Bonds.—The attention of buyers has
much to the stock market this week, and bonds
have been comparatively quiet. Virginia consols quoted at 83% ;
deferred, 13%@15% ; Tennessees old, 56%@6(), new, 56%@57 ;
Loui iana consols, 62%@62% ; North Carolina 4s, 84%@87 %
special tax, 7%@8. Railroad bonds have been active for Erie
second consols, which have risen sharply with the stock market.
A. H. Muller & Son sold the following at auction: >
State and
been drawn very
incredulous of mortals.
culminating point of the week was reached when' the
funding bill was vetoed by President Hayes on Thursday. It
Bonds.
Shares.
seems improbable that any special session of Congress will be
$9,000 Jersey (Juy 6s, water
100 Am. Exch. Nat. Bank
128
bond, due 1895
111%
called, merely to pass a funding law, and a distinguished banker 100 Nat. Bankof Commerce.. 146
1,000 Jersey City 7s, impr.
40 Union Mauuf. Co. of Nor¬
bond, due 1892
1.11 *4
to-day in speaking of the subject remarked that while the fund¬
walk, Conn
$95
1,0U0
Jersey
7s,
due
City
1 Clinton Hall Asso
$63
1900
113is
ing in 1881 would save the Government a few millions, an
60 Brooklyn Crosstown RR..154%
2,000 Jersey City 7s, due
inharmonious session of Congress lasting from March to June
59 Central Park North &
1913
113is
East River RR
102
would damage the business of the country a hundred millions.
3,000 Jersey City 7s, due
42 Mechanics’ A Traders’
1906
113
Bank of Brooklyn.
85
In our local money market the rates for call loans declined
3,000 Jersey City 6s, water
25 Prospect Park A C. I. RR. 52
..112is
bonds, due 19J7
10 Coney Isl’d & Brook. RR.103%
immediately after the great stringency of Feb. 25, and loans
3,000 Park Avenue RR. of
100 Central Park North &
Brook. 1st mort. 7s, due
were made from 6 per cent to 6 plus % per day commission
E:ist River RR
104
1891
.1)5%
200 Spring Mountain Coal Co.,
during the next few days. Since then the rates have ranged
3,500 Brooklyn Crosstown
$50 each, guar. 7s, by Le¬
RR. 7s, certificates of in¬
from 5 per cent on Government bonds to 6 per cent and 6 plus a
high Valley RR.
48^48%
debtedness, due 18o8
103
50 Metrop. G’light Co., N.Y.149%
commission of 1-16 to 1-32 on stocks, and to-day 5@6 per cent
16,000 N. Y. West Shore &
22 Manhattan Gaslight Co.. 192%
Chic. RR. certif., with ac¬
30 Leuox Ins. Co
75%
was the current rate.
Time loans for 60 days on collaterals have
crued iut. from 1872
3%
4 Greenwich Ins. Co
291
RR.
1st
been made at 5@6 per cent. Prime commercial paper has been 150 Brooklyn City RR
5,000
Brook.
Elev.
169
mort. bonds
53%
25 N. Y. Loan at impr. Co..: 103
mostly nominal at 5@6 per cent.
1,000 Dry Dock E. Br’dway
100 Cent al Park North &
A Battery RR. consol, m.
The Bank of England statement on Thursday showed a
East River RR
103%
7s, due 1893
.117%
Donas.,
decrease of £97,000 in specie for the week, and the reserve was
1,000 City of Cinn, 7 3-10
$4,000 Brooklyn City Hunt¬
1>. e. bond, due 1906
128
er’s Point A Prospect Park
46 3-16 per cent of liabilities against 46% per cent last week;
RR. 1st nit. 7s; due 1888.108
The Bank of France
the discount rate remains at 3 per cent.
Railroad and Miscellaneous Stocks.—The prices of stocks
showed an increase of 3,150,000 francs in silver and 6,716,000
to-day show a great re-action from the panic-stricken prices of
francs in gold.
last week. The market began to recover immediately on Saturday,
The last statement of the New York City Clearing House banks, and kept on improving—with some variations—until Thursday,
issued February 26, showed a decrease of $4,821,900 in the when the. intelligence that President Hayes had vetoed the fund¬
legal reserve, the total deficiency below the legal requirement ing bill, together with the call of Secretary Sherman for $5,000,000 Government bonds to be offered for purchase on Wednes¬
being $1,014,625, against $3,807,275 surplus on February 19.
The following table shows the changes from the previous week day next, gave a new strength to everything, and advanced
and a comparison with the two preceding years:
prices
several points yesterday and to-clay. The tele¬
to make brokers the most
The
-
..
1881.
Feb. 26.
1880.
Feb. 28.
Differences fr’m
previous
week.
graph stocks had been depressed by Judge Sedgewick’s
decision granting an injunction against the distribution of the
18'9
March 1.
stock dividend to the Western
Union stockholders, but on
Thurs¬
reported that the injunction was so modified as to
permit
the
issue
of certificates of indebtedness or scrip for the
19,232,400
21,174,000
271,012,800 213,429,700 48% per cent increase in stock, and this sent the prices booming
42,651,800 upward again. The daily fluctuations of prices and the range
14,168,000
$67,753,200 $53,357,425 for the week will be seen on the following page, the closing
59,108,300
71.581.300
figures being not far from the highest point.
Outside of the immediate market influences the prospect is not
$5,750,875
$3,828,100
Surplus
ideiJ,014,625 Dec.$4,821,900
so
good. Railroad earnings particularly are making a bad
United States Bonds.—The prices of governments fluctu¬ exhibit; or rather the railroads are doing very badly on what
ated with the varying prospects early in the week, but have they do not exhibit—their expenses. The storms at the West
recently been strong and higher with the development of rather have entailed immense expenses on the railroads, and the
a scarcity of bonds in this market.
Secretary Sherman tele¬ Chicago Times estimates that the loss and damage on some of
the Northwestern roads in January and February will be almost
graphed Assistant Treasurer Hillhouse on Thursday to “give
notice in the usual way, that on Wednesday, the 9th inst., you equal to the net earnings in those months. It is again to be re¬
will receive bids for $5,000,000 fives or sixes of 1881, either called gretted, in this connection, that the railroad companies will not
or uncalled.”
publish their expenses as well as gross earnings ; the reports of
In regard to the return of greenbacks to the banks which had gross earnings for January, February and March come out now,
I but we shall^ot have the expenses and net earnings till the andeposited them, Comptroller Knox telegraphed March 2 :
nual reports are published, many of them a full year from this
“The Treasurer will, I understand, return greenbacks to those persons
$316,584,100 Dec.$4,222,1)00
58,074.200, Dec. 7,775,400
Specie
16,181,600 Dec. 2,077,900
Circulation...
296,547.300 Dec.ll,170,800
Net deposits
15,046,000 Inc.
160,800
Legal tenders.
Legal reserve. $74,136,825 Deo.$2,792.700
Reserve held.
73,122,200 Dec. 7,614,600
Loans and die.
$293,545,600 $246,716,900
16.456,500 day it was
57.413.300
.
■
secured their
who may have deposited them, provided the bonds which
circulation still remain on deposit, and none of the circulation of the
bank has been redeemed from the deposit.
lie declines, however, to
surrender greenbacks upon a re-deposit of bonds. If five per cent
are again deposited, new certificates must be issued.”
bonds
Closing prices of securities in London for three
the range since January 1, 1881, were as
follows:
weeks past and
1
date
The reports last week that a
Wil. & Balt. Railroad stock had
Ohio was premature.
A
controlling interest in the Phila.
been purchased for the Balt. &
dispatch from Tucson says the
Unilrr.ol)
will
Atchison.Topeka
& Panta Fe
Pa.Plflrt OTI March 7.
wifli flip Snnfliprn
The
and lowest prices have been as
daily highest
Monday
Feb. 28.
Tel
Awer.Un.'l el.
Am.
Canada South.
Cent,
Cent.
of N. J-
•
Pacific..
Cbes.A Ohio..
Do 1st prf •
Do 2d prf..
Chic. A Alton.
Chic-Bur.& O■Chic.M.^St.P.
I)o
Chic. &
Do
pret.
N. W
pret.
C.K.I&C.new
Ch.St.L.&N.O.
Ch.8t.P.M.&0
pref.
Clev.C. C.& l.
Do
Col.Chic.&l.C.
Del.&H.Canal
Del.Lack.AW.
Denver^ H.u.
Han.&St. Jo..
Do
pref.
Hous.&Tex.C.
Illinois Cent..
Int.&Ct.Nor..
Lake Erie&VV.
Lake Shore....
Louisv.&Nash
Manhattan....
Mar.&C.lst pf.
Do
2d prf.
69
(1(1
(1(5
72
Tuesday,
March 1.
(58
72
68%
68
7334
68%
72
!
77
70
78
“Jan. 1
to, and including,
lis" 118% 119% I2i%
109% 11 % 109% 112
22
20)4 214 81
44% 42)4 43 M 42% 45
119
119
120
120% 121
92
89
93
92% 88
144 94 1464 145
146
U74
118%
34%
44%
O8.4
3656
81%
82 %
pref.
N.Y.Ont.A W. 32% 3(5 ~
Northern Pac. 423* 4534
Do
pref. (U% 70%
30 o
Ohio Central.. 2(5
42*4
Ohio & Miss... 38
Do
pref. 1021* 103 a
Pacific Mail... 5034 55* v
Do
Panama
Phil. & Ilead’g
34
43
35%
45%
67%
70
31
28^6
404
52%
125
484
88
42%
454
70%
29
30%
42
%
41%
St.L.I.M.&So.
pref.
1st prf.
Tex.A Pacific.
Union Pacific.
Do
Do
Wab.St.L.A P.
Do
pref.
West. Un.Tel.
Chic. St. P. Min A 0.3d wk Feb.
8t.Pauhfc S.City.3d wk Feb.
Chic. & \V. Mich.. 3d wk Jan.
Cin. Ind.St. L.&C.January...
Cin. Sand. & Clev.Sd wk Jan.
Cin. A Springf. ..3d wk Feb.
Clev. Col. Cin. & 1.3d wk Feb.
Clew Mt.V. & Del.3d wk Feb.
Denver & Rio Gr 4th wk Feb
5.5
54%
146
55
5694
56%
54
56%
67% i 66%
44
67%
44%
di*i
63%
43
43
bid and asked; no sale was
were as
follows:
Sales
of
Week,
Shares.
.
pref.
Col. Cliic.& Ind.Cent.
Del. & Hudson Canal
Del. Lack. & Western
Hannibal & St. Jo...
Do
do pref.
Illinois Central
Lake Erie & Western
Lake Shore
Louisville & Nashv..
Manhattan
Michigan Central....
..
.
Range for
gear 1880.
1881.
Low.
Highest.
Lowest.
25
4
25
26
25
25
25
66
Missouri Kan. & Tex.
N.Y. Cent.& IIud.Riv
N.Y. Lake E. & West.
Do
do pref.
Northern Paeitie
Do
pref.
Ohio & Mississippi
Pacific Mail
Phila. & Reading
St.L.Irou Mt.&South.
St. L.& San Francisco
61
Do
1,201
pref.
90
Do
1st pref.
1,355
Union Pacificv
306,934 105 %
39
Wab. St. L. & Pacific
42.935
77
Do
do nref.
91,240
Western Union Tel.. 290,455
80%
....
ending Thursday,
from Jan. 1, 1881,
Range since Jan. 1
Feb.
82^ Jan.
Feb.
134
160
Feb.
101 *2 Fi b.
117
Feb.
117
Feb.
13iis Feb.
Feb.
129
40 3-4 Feb.
Feb.
22,225 91
1934 Jan.
15,395
89% Jan.
53,377
Jan.
261.835 107
44
Jan.
46,010
91
Feb.
29.270
Jan.
13,474 124
38^ Jau.
8.505
Feb.
220,104 118
79
Feb.
41,425
32j4 Jam
54,410
Feb.
91,110 108
39^8 Feb.
50.670
Feb.
79.415 140
43% Feb.
293,000
82is Feb.
10,746
32% Jan,
17,600
Oils Jail.
36,385
3(*h2 Jan.
51,750
45% Jail.
159,185
50
Feb.
57.520
93,410
52is Jan.
Feb.
42
1,030
93,340
Canada Southern....
115,940
Central of N. J
2,573
Chicago & Alton
7.92 L
Chic. Burl. & Quincy
Chic. MU. <fc St. P.... 153,73 L
Do
do pref.
2,052
128.055
Chic. & Northw
do pref.
6,960
Do
4,555
Chic. Rock I. & Pac...
13,795
Chic. St. P. M. &0..
26
26
26
25
4
4
4
4
26
4
4
25
25
18
25
25
25
25
25
13
25
4
Jan. 14 40
Feb. 17 45
5
99%
Jam
7 113
182% Jam
124 % Jan. 20 66%
132
Jan. 17 99
136
Jam 19 87%
147*2 Jan. 17 101
Jam 20 100%
112
51
Jan. 22
109 is Jam 24
9%
2778 Jan. 31
114
Feb. 17 60
128% Feb. 18 68%
00% Feb. 24 ‘2’J7s
LIO
Jam 10 63%
138
Feb. 11 ,99%
8
20%
59% Feb.
135% Jam 20 95
94% Feb. 18 77
46% Feb. 14 21
126% Jam 20 75
50% Feb. 17 28%
3 122
155
Jail.
90
112
156
4
Jan.
Feb.
Feb.
Feb.
Feb.
Jan.
....
57)4
56
118% 132%
454 47%
884 90%
113)4 115%
made at the Board.
Total sales of leading stocks for the week
and the range in prices for the year 1889 and
Do
|
.
♦These are the prices
108
55%
5(5)41I
225
63" 66% 64%
62% 65
42
I
43
43
43
39
40% 43
124 I
118%.
121
119
120
120
61)4
58% (if
53% 5934 5*5% 58% 58 * 03
43
;
43
43
43
M2
42
42
42
42
64
(54
65% 66
61
61
*61% 05
94
95
95
95
94*4!
*92
90
91% 91*% 93
57 H 544 56% 54% 57 i
52
51%i 54
49)4 54
116% 114% ID %■ 114 V* 119%'
116%! 123
108
116% 112
43% 45 j 4394 45%!
42% 44%! 43% 45
40% 45
85 )4 8794 86
88^
80
85% 82% 85 v 815% 87
103 , 110*4*104
107% 10(54 107%! 106% 116%
101% no
63
42
121
59
43
(5(5
65
56
147%
125
108
St.L.A.&T.H.
Do
pref. 11314
■fit.L.&S.Fran.
151,000
90,000
250,596
39,317
50,846
7,157
6,496
Central Paeitie...January...1,198,000 1,200,614 1,198.000
843,529
Chicago & Alton .3(1 wk Eel). 129,019
121,094
210,304
Chic. & East. Ill..3d wk Fob.
25,532
21,416
Chic Mil. & St. P.4tli wk Feb 143,000
198,908 1,674,000
Chic. & Northw..January... 1,222,250 1,154,032 1,222,250
200,361
127% 127%
47% 484 47)4 494 48% 494
894
87%
89%!
89
86% 884
•try
oil
36% 37%
354 3*5% 354 37
46
46%
44% 4(5
44% 45
71
72%
68)4 72
694 70
31
30
30%
30*4
29*4 304
44%
42
43% 424 43% 43
125
125
125
......
52 7e Jam
95
Jam
47%
77%
46%
62%
73%
66%
25
4
51
25
4 71
25 102
25 124%
25
51%
25 94
3 120%
Feb.
Feb.
Feb.
Feb.
Feb.
Feb.
Jam
Jam
Jan.
Feb.
Feb.
Jan.
Jan.
15
10
17
18
14
18
19
18
11
11
28
14
17
17
29
30
47
20
39 38
23
27h>
13%
34%
25%
33
60
80
High.
813s
90%
159%
183%
114%
124%
L30
116%
204
...
25%
92%
110%
50%
105
1273s
42 34
139%
174
57%
130%
49%
1553g
51%
93%
36
67%
44%
83Vi.
.
Quotations for foreign exchange are as
_
Prime bankers’ sterling bills 011
Prime commercial
Documentary commercial
Pans (francs)
Amsterdam (guilders)
Frankfort (reichmarits)
Bremen (reichumrks)
follows:
Sixty Dag8.
March 4.
London.
480 '©ISl
*3>4 79%
4 79
'4 78 @4 78%
5 27% a)5 25%
39% 3*
39%
93% 7b
9334@
94%
94%
Demand.
N. Y. & N. Fugl’d.3d wk Jan.
Northern Central. January...
Northern Pacific .February.:
210,782
94.313
30,387
73,814
477,799
122,673
26,700
40,279
48.965
527.405
164,594
171,696
1,535,896
1 ,490,981
185,797
24.569
18.403
13,127
55,800
47,200
189,600
31,311
4,026
12.D96
72,459
49,o 00
31,500
143,200
30.151
4,269
8,458
81,026
146,100
685,232
301,302
591,832
467,449
127.184
153,542
727,021
242,724
685,342
477.799
122,673
156.729
40.279
334,034
265,753
66,169
52,918
*
32,727
94,667
166,328
55,800
49,800
31.500
47,200
1,371,500
1 ,092,915
198,781
215,067
31,218
36,068
210,423
32,049
*
28,550
233,687
250,116
205.633
120,014
334,494
158.649
36,795
218,243
178,143
129,049
386,156
250,116
205.C33
37,899
42.505
31,519
116,034
31,355
102,270
35,041
218,243
178,143
155,697
58,654
253.184
27,786
112,021
187,725
135,536
23,532
66,169
27,003
170,645
146,765
36,603
625.157
25,544
23,456
200,740
90,057
41,741
65,239
467,449
127,184
31.263
907,096
134,929
1,503,045
1,154,632
53,281
25,889
23,156
29,216
90,000
300.1oG
35,110
1,200,614
171,466
36.398
125,032
495,865
334,494
386,156
77/259
79.976
6.593
5,267
Ogd. & L. Champ. 1st wk Feb.
6,804
9,127
Pad.&Elizabetht.2(l wk Feb.
Pennsylvania
January.. .3,.139,215 3.083,551
4,523
9,343
Peoria Dec. & Ev.3d wk Feb.
224,307
Philadel. & Erie.. January... 22 1,303
23,782
25,389
Sc.L.Alt.&T.H, ..3d wk .Feb.
14,936
16,570
Do
(brclis).3d wk Feb.
138,752
151,700
St. L. Iron Mt.& S.3d wk Feb.
56,109
50,600
St.L. & San Fran.4tli wk Feb
36.543
55,834
3i.P.Minn.&Man.3d wk Feb.
5,159
5,593
Scioto Valley
3d wk Feb.
238,719
227.603
Wal. St. L. & Pac.3d wk Feb.
193,826
30,169
61,653
3,189,215
50,553
3 ,083,551
67,660
29,809
224,303
224.307
172.236
114.744
168,268
96,440
959,222
395,340
1,038.277
390,663
375,936
274,849
........
1,442,131
1
1,653,202
-The toiiowing statement shows
New York City Banks.—The
toiiowing
condition of the Associated Banks of
York City
week ending at the commencement
on
the
for the
February 26,
New
of business
1881:
Average amount
Capital.
Banks.
Loans and
discounts.
Specie.
Legal
Tenders
New York
Manhattan Co...
Merchants
Mechanics’.
Union
America
Phoenix
City
Tradesmen’s
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich.
Man’f’rs
Leather
Seventh Ward...
State of N. York.
American Exch..
Commerce
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
200,000
200,000
600,000
300,000
800,000
5,000,000
5,000,000
1,000,000
1,000,000
422,700
Broadway
Mercantile
Pacific
1,500,000
450.000
412,500
700,000
People’s
North America..
Hanover
1,000,000
500,000
Irving
Metropolitan
3,000.000
....
600,000
Citizens’
1,000,000
Nassau
500,000
500,000
500,000
1,000,000
1,000,000
Market
St. Nicholas
Shoe & Leather..
Exchange..
Continental
Corn
Oriental
Marine
—
Importers’ A Tr..
Park
Mech. Bkg. Ass’n
North V iver. .
East K ver......
Fourth National.
Centra Nat
Second Nation’l.
First
National..
National..
Third National..
N. ' Nat. Exch..
B< wery National
N. York County..
.
erm’n Americ’n
Chase National..
ifth Avenue....
German Exch. ..
Germania
Total
-
300,000
400,000
1,500.0(X
2,000,000
500,000
240,0(X
250,(XV
3,200,000
2,000,000
300,(XX r
750,000
500,000
1,000,000
300,000
250,000
200,000
750,000
300,000
100.000
200,000
200,000
)0.875.2(X
8.674,000
6.734.100
6.889.100
7,438.000
5.134.800
9.019.300
4,205.000
9.975,000
3.115.600
1.812.900
12.729,100
3.505.100
4,536.700
1.621.100
917.000
1,000,900
3.121.500
954.500
5.707.400
14.196,000
15,213.80(
5.432.300
4.086.000
2.482.200
6.006,500-
3,138-200
1.446.800
2.526.100
7.178.500
910.200
310,000
181.300
1.103.700
777. HOC
1,268.000
1,113,000
1.189.200
979,000
1,375.000
2,325.800
436.400
302.500
3,032.500
464.700
581.400
307.700
140,000
21,200
586.400
234.900
826,000
2,307.000
3,018,900
542.600
952.300
335.800
688.400
696.900
20^.600
198.000
993.300
324.300
2.844.00c
13.146.000 2.736,000
266.800
2.006.900
306.600
2.759.700*
540.200
2.467.600
176.200
1.852.900
787.000
3.712.000
144.900
3.876.7 0C
6.950.40C 1.163.700
22.200
1.927.300
768.000
3.213.000
5.029.200
19.835,500
18.473.900
975.000
841.400
4.266.200
1,062.900
64.300
18.623.100
9.159,000
4,099.400
2,823.000
5.428.801
15.905.20c
6.517.401
1 39 7,1(M
1.642.200
1,401.30(1
2.526.500
4.418.000
1,735 9GO
1.117.600
1,116,000
188.000
25.600
886,UOO
560.t.00
1.283.100
3 951,900
1,5^1,500
176.100
25.000
12.601
77,200
997.100
378.900
45.400
61.400
of
Net dept's
other
than U. S.
I
$
Ninth
4 82%'®4 83%
4 »1
ft 4 81%
4 80
ft4 80%
5 25
@5 22%
39 %@ 40%
94% ® 9434
91%3>
91%
Railroad Earnings.—The latest railroad earnings and the
totals from Jan. 1 to latest dates are given below. The state¬
Memp. & Chari...3d wk Feb.
Memp. Pad. & No.3d wk Feb.
Mini-. & St. Louis. 3d wk J an.
Mo. Kan. & Texas. 3d wk J an.
Mobile & Ohio
January...
Nashv. Ch.& St.L. January...
12.086
$55.101
149,229
44,091
72,179
7,706
36,995
4,447
16,001
1,351
(Iowa). January...
723s
26% 48
51 % 883s
77% 116%
12,246
155,697
10,741
15,349
9^.169
Indiana Bl. & W..3d wk Feb.
Ind. Dec. & Sp...January...
Int. & Gt. North..3d wk Feb.
Iowa Central
January...
K. C. Ft. S.& Gulf.2(l wk Jan.
L ike Erie& West.3d wk Feb.
Little Rk. <fc Ft. S. January...
Louisa. & Mo. R..January...
Louisv. & Nashv.3d wk Feb.
Republic
113%
15,226
171,466
7,372
Hannibal& St. Jo 3d wk Feb.
Roust. & Texas C.4th wk Feb
IllinoisCen. (III.).January...
Chatham
66
48
65
100
23.158
19,448
68.579
Dubuque&S.City.2d wk Feb.
East Tenn.V.&G.3d wk Feb.
Flint & Pere Mar. 1st wk Feb.
Gal.Har. fc San A.2d wk Feb.
Grand Trunk. Wk.end.Feb. 2 6
Gr’t Western. Wk.end.Feb.25
Do
31,925
16,233
11,215
18,677
De8M.&Ft.Dod*re.2(l wk Feb.
62
Exchange.—As the stringency in the money market passed
away, rates of exchange re-acted, somewhat, although they are
still low. To-day the actual rates were 4 80@4 80}s for bankers’
60 days sterling and 4 82@4 82M for demand.
Cables, 4 82}£@
4
1880.
1881.
$50,991
151,000
28,567
Bur.C.Rap.&No..3il wk Feb.
Cairo & St. Louis.2d wk Feb.
121% 122)4
110% 113*4
22 4 234
44% 46
120% 121
89
91%
114
21
r-Jan. 1 to latest dale.—.
$55,401
$56,991
Ala.Gt. Southern. January...
Atch. Top. & 8. F. 1st wk Jail.
.
7
7
7
second column.
the period mentioned in the
/—Latest earnings reported—.
1881.
18S0.
Wee/c or Mo.
.
116
116*4 117
Elevated 1143* 118
4 1194
Mich.Central . :oo 114% 1104 113%
21
22
20/$
| 21
Mobile^ Ohio. 183*
42
42%
43^!
40
44%
Mo.Kans.&T.
120 j*l19
120
119
120%
Mor.A Essex..
81
79)4 33%' 81
Nash.Ch.&StL 73
142)4 145)4 144
N.Y.C.&H. It. 140V* 1454 125
125
(124%
125
120
N.Y. Elevated
45'% 47% 464
N.Y.L.K.& W. 43K 47)4
87
85%
8085
date,
09%
794
4.
82
80% 82%
81
76)4 80*4 77% 79% I
10294 104% 102% 106% 104)4 106%
1054, 102% 105
i»7kj
88
87% 87%
8t$
|
87%
85%
8(5-^ 8556 8(5
82
24% 23)4 23>4
23)4 2334 23)4 234 234; *4
2 B-4
35
35)4 3*5% 3(5% 37
35
*33% 35% 35
*33
27
27
25 Vi 26
264! 27
,27%
24% 25
23%
142% 142% 144
13(5
136
136% i 138
13(5
137
134
:(56
1(5(5%
1(57
1(53
166
1(55% 1(54%
!6l%
111 7 Vo 1(52*4 ion
100
106
108% i 10(54 109% 107% 109%
l->3
108*4 105% 1074 10(5*4 108%
123
122
122
120
120)4 12094 1214 12141122
122 i 120
ill)
222
123%
!2l
123% 120% 123% i 121% 125
124
118% 125 1120
137
136
138
131U 134% 135% 134% 134%; 131%
131M I37'4 132
136
136
1J5
134
134
134%'135
134
133%
134 1133
121)
(50
604 62
56
58
584' 04
52% 59 j 5(5*4 573-0 57*4
45
44
44% 45
43
44
43% 43% 44
40->4 44%. 42j4
98% 101% 99)4 101%
100% 97% 100
100 ”1 9(5*4 100 Vo 98
08
80
87 4 88%
86'
87
87
87
85
f*5
85
81% 85
2494 244 24%
234 23% 24
234* 22.4 24
21 >4 23$$! 23
1114
106% 1084 10(5% :0'% 107% 1104 109
109 4 105)4 108
102
123)4 12(54
121% 123% 12194 125
12234 119 4 124
11*5% 122 >2 i 1 18
103
102
100
9~>% 102%
98% 100% 98
10034: Ofiv 100
91
55% 54% 0694
54
564 51% 54% 53
50
58%! 53 4 58
96
101% 100)4 104
1004 96
99% 101
102
9 -:H 102
94
66 vo 6(5 % 65% 65% 00% 6(5% 68% 68%
(53
H3
133% 122 4 133
1314:131
13L
123% 13 t)a 129% 130% *30
120
68%
68% 68% 68% 68% *66
5(5% 54% 56%
53% 53% 53% 55
54% 53
50 % 54 D1 51
12594 12794
127%
126
123%
12594:124
123%
120^ 125)6; 122% ISO
90
90
88
864 87%! 86
88
85% 88
81
88% Ho
41
40
42%
37U! 37
37 4 .36% 37% 37
35V* 37)4 36
1194 11% 1194 H94 1194 12
10
10
11*4 12% 11% 12
Met.
to
FYiday,
(59
The columns under the heading
obtained.
to latest date” furnish the gross earnings from Jan. 1
returns can be
March
March
2.
earnings of all railroads from which
ment includes the gross
follows:
'Thursday.
3.
IVednesd.
March
255
CHRONICLE,
THE
1881.1
5,
March
285.000
66,000
367.500
33.000
200.000
115.200
93.100
299.1(H)
474.400
127.100
94.100
112.000
213,000
124.300
79.300
128.600
557,000
435.700
356.100
138.100
270.200
228.700
96,000
117.700
180.000
437.700
305,800
166.000
223.500
90.300
95.600
106.700
250,000
76,000
289.400
310.100
98.000
705.400
941.000
24 .CO
180.40v
I
7,358,000
4.543.300
6,060,300
6,025,000
4,540.000
6.228,900
4,577.000
10,513,400
2.032.600
1.344.100
13.153.900
3.158.400
2.731.700
1.468.800
915.000
1.013.100
2.554.000
1,014,200
3.624.400
11.085,000
10,197,200
3.814.300
4.105.100
2.422.000
3.547.100
3.312.500
1.465,200
2.397.400
6.603.300
2.592.600
12.350.000
1.967.400
2.722.500
2.273.400
1.456.600
4.014,000
2.361.500
7,045,200
1,100
267,000
778,800
312.900
782J0O
247.300
174.000
172,700
462.300
37,800
180,000
1,184,900
897.000
176,100
1,124,406
45,000
5,400
791.100
419,000 /
,
268.100
8.900
419.400
447,100
450,000
4.600
780,300
21.821.30C
45,000
768.700
922.700
802.900
7.064.200
1.094.400
1.411.800
136.500
400 (
360,000
31,800
180,000
171.000
115.300
368,00
172,00*
82,90*
74.700
$
495,000
21.778.300 1,080,200
18.894.900
8.002.000
3.300.000
6.143.500
17.772.300
421.40*
tion.
1.8*3,200
3.626,000
118.600
528.000
747.000
279.000
375.000
343.400
358.00'
Circula¬
1.604.900
2.327.600
4.932.700
224,700
810.O00
1,287.000
45.000
90,000
450.000
269.800
218.500
180,000
91,800
1.844.700
1.254.900
1.275.900
296.547,300
316.584.4 IV« 58.074.200 15.048,0')(>
16,181,600
THE CHRONICLE.
256
GENERAL
QUOTATIONS OF
[VOL. xxxn.
AND
STOCKS
BONDS.
Quotations in Now York represent the per cont value, whatever the par may be; other quotations are frequently marie per share.
The following abbreviations are often used, viz.: “ M.,” for mortgage; “ g.,” for gold; “ g’d,” for guaranteed; “ end./’ for endorsed; “cons,
for consolidated; “ conv.,” for convertible; “ s. f.,” for sinking fund; “ 1. g.,” for land grant.
Quotations in New York are to Thursday; from other cities, to late mail dates.
Subscribers will confer a favor by giving notice of any error discovered in tliese Quotations.
Bid.
United States Bonds.
Ask.
UNITED STATES BONDS.
5s. funded, 1881
5s, funded, 1881
4^s, 1891
4*28, 1891
4s, 1907
4s, 1907
6s, Currency, 1895
68, Currency, 1890
6s, Currency, 1897
6s, Currency, 1898
Os, Currency, 1899
111*4
dleglieny,
Quebec—5s, 1908
small
v
Class “B,” 5s, 1900
Class “ C,” 2 to 4, 1900
&|0
Ac O
Ac O
Ac O
Ac O
Ac J
6s, 1883-4-5
Delaware—Os
Florida— Consol, gold Gs
+J
7s, endorsed, 1880
gokl bonds, 1890
8s, ’76, ’80
Kansas—78, long
7s,
Louisiana—New
con.
Q—J
A Ac O
JArJ
7s, 1914..JAcJ
7s, small bonds
Maine—Is, 1888
/
22
1 l
12
11
11
11
do
do
do
....
8
'
\
no
116
lelfast, Me.—Gs, railroad aid, ’98.. t
119
01*2
02
59
00
'
do
do
N. Hampshire—5s,
111
109
N 118
75
150
J 107*2
J 115
J 109
J
J
1887. ...J Ac J
1892
J Ac J
124
107
JAcJ*
JAcJ*
6s, Chatham RIi
A AcO
68, special tax, class 1,1898-9A AcO
68, ' do
class 2
A Ac O
6s,
do
class 3
A Ac O
J Ac J
4s, new, 1910
4s, new, small
Ohio—6e, 1881
23, 1869.
Noil-fundable, 1888..
Teunessee—6s, old, 1890-98
D>
55
55
108
118
118
no
31
30
113
6s.
.
do
ex-coun.,
1905...J Ac J
83*2
Price nominal; no lato transactions.
tions.
ILynchburg,
J Ac J
8s
,..J Ac J
I
Lynn,
Mass.—Os, 1887
FAcAl
Water loan, Os, 1894-90
JAcJ
5s, 1882
MAcNt
121
112
110
113
113
101
101
100
J
J
J
4^8,
city bonds, 1900
Cook Co. 7s, 1392
Cook Co. 5s, 1899
Cook Co. 4*28, 1900
West Chicago 5s, 1890
Lincoln Park 7s, 1895
West Park 7s. 1891
South Park Os, 1899
103
103
101
no
120
6s,
140
139
139
118
114
115
Os
j
5*2!
Funding 5s, 1899
104
00
58
112
122
120
118
.
:
Elizabeth, N. J.—7s, short
7s, funded, 1.880-1905
7s, consol., 1885-98
124
120*.
121
107
I20r
107 V
107
106 V
1109
111
103
i 105
1122
118
7s, 1905
accrued interest.
120
107
125
no
122
102
105
103
117*2, 119
15
15
15
20
30
98
102
109
115
48
52
52
60
80
90
no
100
100
no
112
113
110
117
119
120
130
125
no
115
105
107*2
103
104
100
128
120
109
118
128
122
120
107
114
109
115
120
130
122
110
119
130
123
127
109
104
121
109
7s, Westchester Co., 1891
Newton—Os, 1905, water loan..JAcJ 120
5s, 1905, water loan.'
JAcJ 110
Norfolk, Va.—Os, reg.stk,’78-85.. JAcJ 100
8s, coup., 1890-93
Var. 117
8s, water, 1901
MAcN 124
Norwich, Ct.—5s, 1907
AAcOi 1L2
7s, 1905
J.AcJ 125
Orange, N. J.—7s, long
t 103
no
107
122
no
129
Var.
City--
Q— FI
do
1883-90
Q—F
6s, aqueduct stock, ’84-1911..Q—F
7s, pipes and mains, 1900..MAcN
6s, reservoir bonds, 1907-’11.Q—F
5s, Cent. Park bonds, 1898... Q -F
do
1895. ..Q—F
6s,
7s, dock bonds, 1901
M Ac N
6s,
do
1905
M Ac N
7s, market stock, 1894-97.. M Ac N
6s, improvem’t stock, 1889.M & N
7s,
do
1890 ...MAcN
6s, gold, cons, bonds, 1901. M Ac N +
6s, street iinpr. stock, 1888.M Ac N
7s,
do
do
1882.MAcN
6s, gold, now consol., 1896
6s,
109
131
131
no
109
104
JAcJ 101
JAcJ 115
110
Petersburg, Va.—Gs
8s
8s, special tax
Philadelphia, Pa.—5s,
1
126
4s, new
Pittsburg,Pa.—Is, coup.,1913..JAcJ.
5s, reg. and coup., 1913
JAcJ
7s, water, reg.Arep.,’93-’98...AAcO.
7s, street imp., reg, ’83-80—Vaiu
1 Portland, Me.—6s, Mun., 1895. Var. 1
MAcS
Os, railroad aid, 1907
Portsmouth, N.II.—6s,’93,RR. JAcJ 1
Poughkeepsie. N. Y.—7s, water
|
Providence, R.L—5s, g.,1900-5.JAcJ 1
Os, gold, 1900, water loan...J Ac J
1 i 16
110
no
110
120
110
120
50
50
50
50
117
'1! 1*4
116
I16*a
104
115
130
110
no
105*2
103;.
118
120
JAcJ*
reg
110
c
108
1 101*2
117
Vai 116
Oswego, N. Y.—7s, 1887..
Paterson, N. J.—7s, long
6s. long
5s, long
106
1
!
118
105
121
109
120
101
100
102
41
51
113
bonds.
5s, water stock,1890
'.21 *41
109
108
L07
103
102
102
107
107
107
112
115
112
115
45
45
45
Fall River, Mass.—3s, 1904...FAc Aii no
5s, 1894, gold
f
FAcA » 111
Purchaser also pays
i no
39
43
112
New York
L25
121*4!
■'.25
08
FAcA
Var
400
6s, Town Hall
Newport—Water bonds
117
12 L *4
123
A AcO
: 107
98
do
6s
do
58.1897:
New Orleans, La.— Premium
Consolidated Os, 1892
80
1
Var.’
Var.1 118
TAcJi
,105
1113
108
100
115
do
L0*3
108
109
110
do
small
JAcJ I
do
registered
JAcJt
Perm. imp. Os, guar., 1891... JecJf
Perm. imp. 7s, 189L
....JAcJt
Wash.—Fund. loan(Cong.)Gs,g.,’921
Fund, loan (Leg.) Os, g., 1902 VarlI
30
City, 7s, sewerage
1*0*6’*
District of Columbia—
Consol. 3-G5s, 1924, coup
Consol. 3-65s, 1924, reg
1
30
113
Newburyport, Mass.—Os, 1890.JAcJl
N. Haven, Ct.—Town, 6s, Air Line...
Town, Os, war loan
120
112
112
125
130
120*1
Var.1
1909. AAcOf
5s, 1900, Water Loan
A.AcO
N. Brunswick, N. J.—7s
t
124
no
new
7s, water, long
New Bedford,Mass.—6s,
8s
Dallas, Texas—8s, 1904
10s, 1883-90
Dayton. O.—8s
Detroit, Mich.—7s, long
7s, water, long
.....
:
....
j
now
I
Nashville,
Teu.ii.—Os, old
00
Var. I 128
JAcJl
JAcJ
JAcJ
M Ac N
”
Ala.—New 3s ..J Ac J
Montgomery,
.
5s,
7-30s
7s
-
Os, gold, fund., 1900
6s, end., M. Ac C. RR
Os, consols.
JAcJ
Milwaukee, Wis.—5s, 1891
J Ac D
ri 8, 1890-1901....'.
Var.
7s, water, 1902..
JAcJ
Mobile, Ala.—3-i-5s, funded..MAcN
120
100
i
Var.1
7s
N.IL—5s~ i883-’85JAcJ I
118
6s, 1894
113*2 JMemphis, Teiiu.—Gs, C
114
Os, A Ac B
US
Os, short...
Va.—Os
Macon
I
Qq,
rManchester,
113
.....
1
J Ac J
.
new
!
!
1*05 **
bonds, 1892-1900 ..J Ac J
Gs, new series, 1914
J Ac J
Texas—6s, 1892
M AcSt
7s, gold, 1892-1910
M AcSt
7s, gold, 1904
J AcJi
Vermont—6s, 1890
J Ac D
J Ac J
Virginia—Gs, old. 1886-’95
6s, new bonds, 1886-1895...J Ac J
6s, consol., 1905
J Ac J
6s,
Lowell! Mass.—(is, i890, *W.* L.MAc.M
121
~
7*2
7^
7*2
102
119
123
Var.1
I
118*4
Long 1
Southern RR. 7-30s> 1902...JAcJ1 130
I
do
1
7-30s, new
1 130
i
do
6s, g., IOOO-.MAsNI 115
1
Hamilton Co., O., 6s
'
do
7s, short
1
do
long 7s Ac 7-30s. 1
Cleveland, O.—6s. long
Various
6
Gs, short
Various.
9
7s, long
Variousl
834
7s, short
Variousl
8*4
Special 7s, 1879-’89
Yearly 1
85
Var *9*0
j1 Columbus, Ga.—7s, Various
1
*•••“•J Covington. Ky.—7-30s, long
7-30s, short
1
5
i
Browne consols
Bridge, 1915
Water, 1899-1909
7h, city bonds, 1895
,
|I
*
20*2
119*
i
80
i
Pennsylvania—5s, g, ’77-’78..FAcA*
FAcA
FAcA
F Ac A
F Ac A
MAcSI
J Ac J
South Carolina—6s, Act of March ?
i
j
J Ac J no
5s, cur., reg., 1877-’82
5s, new, reg., 1892-1902
6s. 10-15, reg., 1877-\82
6s, 15-25, reg., 1882-’92
Rhode Island—Os, 1882
Os, 1893-9, coup
!
1
SI
82
J Ac J 101
6s, 1880
58
103
no
138
137
137
114
120
100
103
...
1
68,
do
T..A Ac O 120
Gs,
do
coup, off
J Ac J 90
6s,
do
coup, off
..A Ac O 90
6s, Funding act of I860 1900 JAcJ 12*4
6s,
do
1868,1898A AcO 12*4
68, new bonds, 1892-8
JAcJ 20 *2
A Ac O
Os, short
Kings Co. 7s, 18S2-\89..
.M Ac N
do
Os, 1880-’80
MAcN
luflalo, N. Y.—7s, 1880-’95—Var.
7s, water, long
Var.t 115
6s, Park, 1920
MAc S1 103
Cambridge, Mass.—5s, 1889...A&01 no
6s, 1894-90. water loan
JAcJl 123
Os, 1904, city bonds
JAcJ 128
j
1
119
120
do
J
J
Os, Park, 1900-1924
1
N. Carolina—6s, old, 1886-’98..JAcJ 32*2
A AcO 32 *2
6s, old
6s, N C. RR., 1883-5
J Ac J 120
..
..
JAcJ*
7s, tire loan bonds, 1890
J Ac J
7s, non-tax bonds
i 11
4s, non-taxable
107
111
Chelsea, Mass.—Os, ’97,water l.FAcAt
107
Ill
Chicago, Ill.—7s, water bonds, 1892
LL1
112
7s, water bonds. 1895
119*2 120*2’
7s, city bonds, 1892 ...;
6s, exempt, 1896
New York—6s, gold, rtg., ’87...JAcJ 109*
6s, gold, coup., 1887
J Ac J 109
6s, gold, 1883
J Ac J : 106
6s, gold, 1891
J Ac J :ns
6s,
120
A&Ot
Park, 1915-18
Water, 1903
iio'
25
iouston, Tex.—10s
Os, funded
Ky.—7s, longdates. Va
7s, short dates
Var.1
Os, long
Var.1
Jrookllno 5s
7s,
7s,
7s,
Os,
103
I (Ouisville,
AAcOJ
Sterling, 5s, gold, 1893
do
5s, gold, 1899
do
5s, gold, 1902
I
122
MArS 106
War loan, Cs 1884
New Jersey—Os, 1897-1902
114
115
107
JAcJ 105
105*2 Brooklyn, N.Y.—7s, ’81-83....J
107*2
7b, 1883-95
J
AAcOj 107
J Ac J 102
7s, 1890
MAc
Minnesota—7s, RR. repudiated
J Ac
Missouri—Os, 1880
Funding bonds. 1894-95
J Ac
Long bonds, ’89-90
J Ac
Asylum or University. 1892. J &
Hannibal Ac St. Jo., 1886
J Ac
Var.1
5s, gold, 1905
4s, currency, 1899
104
11G
MAcNl 109
Michigan—Gs, 1883
no
ns
1
I ndianapolis, rud.—7~30s,’93-99. JAcJ
J ersey City—Os, water, long, 1895.. 104
7s,
do
1899-1902
..J Ac J 111
7s, improvement, 1891-’u4—Var. 107
7s, Bergen, long
J Ac J 100
Hudson County, Os
AAcO 105
do
7s.MAcS and JAcD 108
Bayonne City, 7s, long
JAcJ 104
f .awrenee, Mass.—0sT 1894...AAc O
120
I iong Island City, N. Y
1 115
Boston, Mass.—Os, cur, long,1905Var1 120
Q—J
1894
1888
—
Baltimore—Os, City Hall, 1884 O—J
Oh, Pitts. Ac Con’y. RR.,1880.. JArJ
Os, consol., 1890
Q—J
Os, Balt. Ac O. loan, 1890
Q—J
90
Os, Park, 1890
Q-M
28
Os, bounty, 1893
MAc 8
Os,
exempt, 1893... M Ac 8
do
as, funding, 1894
MAcN
Or, 1900
JArJ
Os, West. Md. RR., 1902
JAcJ
5s, consol, 1885
Q—J
10
6s, Valley RR., 1880
A Ac O
5s, new 1910
MAcN
107
tangor. Me.—Os, RR.,1890-’94. Var.i
107
Os, water, 1905...
JAcJl
6s, E.Ac N.A. Railroad, 1894..JAcJt
96 '
Os. B. Ac Piscataquis RR.,’99.AAc01
110*2
VarI
!atb, Mo.—Os, railroad aid
1
5s, 1897, municipal
Q—J
Massachusetts—5s, 1883, gold .JAcJ i 103*2 104**!
115
5s, gold, 1890
AArO 114
5s, gold, 1894
Var.1 1 L7*2 118 !
110
5e, g., sterling, 1891
JArJ * 10.3
!
do
'.
-
FAcA '102
War debts assumed, 6s,'89. A Ac 01 11o34
War loan, Os, 1883
MAS 105
Maryland—6s, defense, 1883.. JAcJ
6s, exempt, 1887
JAcJ
6s, Hospital, 1882-87
JAcJ
6s, 1890
5s, 1880-’90
JAcJ*
JAcJ ‘
irr
itehburg, Mass.—Os. ’91,W.L.. JAcJl 113
MAcN 114
lalveston, Tex.—10s, ’80-’95 ..Var.
Galvost’n County,10s. 1901.J Ac J 102
iartford, Ct.—City Os, var. dates.
Capitol, untax, Os
1
laverhill, Mass.—Os,’85-89.. AAcOi 108
JArJ
.....
......
J Ac J 92
F Ac A 108
J Ac J no
bonds, 1880
new
74
JAcJ^
Georgia—Os, 1880-80
I
I
73
1 106
104
Connecticut—5s
7s,
71
J
& J
As J
I
J&J*
Ask.
Tederickslmrg, Va.—7 s
t
Augusta, Me.—Os, 1887, man.. FAcA* 107*2 108*2
1 12
;usta, Ga—7s
Various 109
105
112 ■
Aust in, 'Texas—10s
85
Cs, 10-20, 1900
J
Arkansas—0s, funded, 1899 ..J
7s, L. R. Ac Ft. 8. issue, 1900. A
7s, Memphis Ac L. R., 1899.. A
78,L. R.P.B. AcN.O., 1900.. A
7s, Miss. O. Ac R. Riv., 1900..A
7s, Ark. Central RR., 1900. A
78, Levee of 1871, 1900
J
California—Os, 1874
Pa.—is
Do.
8s..
Waterworks
STATE
do
r
117
Ltlautu, Ga.—7s
MAcN
SECURITIES.
Alabama—Class “A,” 2 to 5, 1900...
100
Allegheny Co., 5s
FOREIGN GOV. SECURITY.
15
54
94
Bid.
.-Hartford Town 4*2S, untax
Variousl
Os, 1870-*90
Wharf 7s, 1880
7 Ac.)
rcg:...JAcJ
IAc.J 129
reg
reg
JArJ 130
1
52*4
93*2
dbany, N. Y.—Os, long
7s long
127
128
35
13
SECURITIES.
CITV
112
112^-1 113
JAcJ 120-4
reg
reg
J Ac J
6s. deferred bonds
10-40s, new
Tax-receivable coupons
111*4'
111
111
L11
City Securities.
jh
'.
6s, consol., 2d series
101*2 101-111
,.reg...Q—T 100*2 100a4j
coup.. .Q— F 100*2 10034!
reg.. Q—M
coup.. Q—M
reg... Q—,J
coup.. .Q—J
Ask.
rirginia—(Continued)—
10134'
..reg—JAcJ 101*2
68, 1881..
Bid.
State Securities.
6s, old, reg..
JAcJ
Os, new, reg., due 1895 Ac over. JAcJ
8s
5s
Rochester, N.Y.—Os
7s, water. 1903
118
118*2
117
122
116
130
109
JAcJ 112*2 113
129
..J Ac J 128
105
103
no
118
115
115
115 **2
125
M Ac SI 100
Os. 1835
Richmond, Va.—Os
,
Var. 103
J Ac Jt 123
Rockland, Me.—6s, ’89-99,RR..FAcA
In London
108*2
90
130
93
"
March 5,
THE
1881.J
OENERAL QUOTATIONS OF STOCKS AND
For
Joseph, Mo.—7s
Bridge. 10s, 1891
Water
v
Mo—6s, short
Gs, gold, 1890
gt. Louis,
Var.
J •& J
Var.
J &D
do
do (new), 1892. A & O
Bridge approach, (is
Renewal, gold, (is
Var.
Sewer, 6s, gold, 1891 -’93
Var.
gt. L.
18S7-’88
Var.
Paul, Minn.— 6s, ’8S-’90.. J AD
gt.
7s, 1890
8s, 1889-90
Salem, Mass.—6s, long,
5s, 190-1, W. L
8.
MAN
Var.
W. L..AAO,
J&J
Francisco—7s, g.,City & Co.. Var.
Ask.
Railroad Bonds.
75
85
85
96
Cent. Iowa—New 1st., 7s ’99. J&J
Inc. bonds,“ debt certs.”, 7s,A&O
Central of N. J.—1st M.,7s,’90.F&A
tllo
111
111
112
111
J&J
6s, 1885
G%s, 1881
A AO
Springfield, Mass.—6s, 1905..A&O
A&O
5s, 1905
1905
.....A&O
Yonkers. N. Y.—Water. 1903
4s,
107
115
122’
113
126"
125
2d mort., 7s
Clies. & Ohio—Pur. money
Series A
100
118
113
106% 108
1115
120
RAILROAD BONDS.
Ala. Cent.—1st M., 8s, g., 1901.. J&J
Ala. Gt. Southern— 1st rnort., 1908 j
107
113
Alb’y & Susq.—1st M., 7s, ’88.. J&J
2d mortgage, 7s, 1885
A&O 109
Consol, inert., 7s, 190C,guar.A&O 122
Allegh. Val.—Gen. M.,73-10s.. J&J
East^exten. M., 7s, 1910—A&O 115
35%
Income, 7s, end., 1894
A&O
Atch’n & Neb.—1st,7s, 1907.. M&S 117
Atch.& Pike’s Peak—lst.7s, g.M&N 101
Atch. Top.& S.F.—l6t,7s, g.,’99. J&J 1120
Land grant, 7s, g.. 1902
A&O 1119%
2d rnort., 7s, g., 1903, oonv. A&O 1130
J&J 1106
Land income, 8s
Guaranteed 7s, 1909-. J&J&A&O 116*2
100
5s, 1900
110
102
90
132
91
133
131*2 133
90
9J
91
do
2dM., 8s, 1893.J&J
South Side,Va.,lst, 8s,’84-’90. J&J
do
do
M., Gs,’81-’90.J&J
3d M., 6s,’86-’90. J&J
2d
Virginia&Tenn., M.,6s, 1884. J&J
do
4th M., 8s.1900. J&J
Bald Eagle Val.—lstM.,6s/81.J&J
Baltimore & Ohio-
68, 1885
Sterling, 5s, 1927
Sterling, 6s, 1895
Sterling mort., 6s, g., 1902.
do
6s, g., 1910.
110
103
100
101
122
80
int. deferred, 1918.
49
small bonds, 1918
Va. Cent., 3d M., 6s, 1884...J&J
Cheshire—6s, 1896-1898
J & J tllO
51
112
1872.M&N
Chic. & Alton—1st M„ 7s, ’93..J&J 115
Sterling mort., Os, g., 1903..J&J {116
Income, 7s, 1883
.A&O 105
118
106
gold, series B, iut. def. 1908..
gold, small bonds, 1908
currency,
currency,
Bds. Kan. C.
117M)
121
120
135
.
*
line,6s,g.,1903.M&N
Miss.Riv.Bridge, lst.,s.f.,6s,1912 106*4
Joliet & Chic., 1st M.,8s,’82..J&J
Louis’a& Mo.R., 1st, 7s, 1900F&A
do
2d, 7s, 1900 M&N 109
St.L. Jacks’v.& C., 1st,7s,’94. A&O 116
do 1st guar.(564),7s,’94A&0
do 2d M. (I), 7s, 1893
.J&J 105
m t
106
125
D., 2d M., 7 3-10s, 1898..F&A
St. P.&Chic.,7s, g., 1902....J&J
Mil. & St. P., 2d M., 7s, 1884.A&O
La. C., 1st M., 7s, 1893
J&J
I. & M., 1st M., 7s, 1897
J&J
I’a. & Dak., 1st M., 7s, 1899. J&J
Hast. & Dak., 1st M.,7s, 1910. J&J
128
1120
Cent, of Ga—1st. cons., 7s,’93. J&J 115
Macon & Aug., 2d,end.,7s,’79. J&J 100
*
Price ^nominal; no late transactions.
2d 6s. 1838
M&N
Cmnherl. Val.—1st M.,8s, 1901. A&O
Dakota Southorn—7s. gold,’91,F&A
107*2
127
101*2
122
i 2i
......
.
...
115
126
105
......
i’0’6"
.
100
*
Danb’y & Norwalk—7s, ’80-92. .J&J
Dayton & Mich.—1st M., 7s, ’81. J&J
t»5
100
TOO
100%
io'i
M&S
106
M&S
Mort. 7s. 1907
Den.& Rio G.—1st, 7s, g.. 1900.M&N
1st consol, mort., 7s, 1900
I&J
124
111
2d mort., 7s, 1887
3d mort., 7s, 1888
A&O 103*2 L09
no
Dayt. & West.—1st M.,6s, 1905.J&J 109
1st mort., 7e, 1905
J&J 115
Delaware—Mort., 6s, guar.,'95. J&J
105*2 Dol.& Bound B’k—1st, 7s,l905F&A 1*22*2
Del.Lack.& W.—Conv.7s, 1892 J&D 115
118
165
111
16^
126
113
126
120
122
Dunk. A.V.& P.—lst,7s,g..l890J&D
East Penn.—1st M.,7s, 1888..M&S
......
......
121*2 123
121
121
116% 110
122
122
12 L *2
106
97
106
109
106
130
125
5s, perpetual
A&O
122*2 Erie & Pittsb.—1st M., 7s, ’82. J&J
Cons, mort,, 7s, 1898
J&J
Equipment. 7s. 1890
A&O
Evansv. & Crawf.—1st, 7s, ’87. J&J
107
11*0*6
107
90
103
107
116
117
112
117*3
110
116 '
102
102
105*2
106
105
112
ids
102
Evansv.T.H.&Chi.—1st, 7s, g.M&N 1101
106*4 106%
109*2 Fitchburg—5s, 1899
6 s, 1898..
A&O 111 115
110
1*31
7s. 1891
A&O
m.,l.g.8sM&N
107 »4 109%
10s, ’83.M&N
125
123
Bay C.& E. Sag.—1st, 10s„32M&J
Holly W. & M.—1st, 8s, 1901.J&J
123*4 124
in
Flushing & N. S.-lst, 7, ’89..M&N
2d mort., 7s
M&N
Flint & P.Marq.—1st
Flint & Holly, 1st,
110
!
124
102
119*
100
E.Tenu.Va.&Ga.—1st, 7s,1900. J&J 113*2
E. Teun. & Ga., 1st, 6s,’80-86.J&J 100
E.Tenn.& Va.,end.,6s, 1886.M&N 100
Eastern, Mass.—4*28, g.,1906.M&S 1105
Sterling debs., 6s, g., 1906..M&S $104
Elmira& W’mspt—1st 6s,1910. J&J
104
116*3
112*2
116
121*9
Chic. Pek.&S.W.—1st, 8s,1901.F&A
*12 i
112*2 Chic.R.I.&Pac.— 6s, 1917,coup. J&J i‘23
110
I&J 123*2 125
6s, 1917, reg
Chic.&S. W.,lst,7s,gnar.,’99.M&N tt..
Chic. St. L.&N.O.—1st con. 1897,7s| 112
100
90
2d mort 6s, 1907
J&D
Ten. lien, 7s, 1897
M&N 112
100
LOS
Miss. Ceil., 1st M.,7s,’71-81.M&N 105
......
......
Ft. Madison & N. W rlst 7s. g.,1905
Ft. W. Jack. &S.—1st, 8s, ’89..J&J
Ft.W. Mun.& C.—1st, 7s, g.,’89. A&O
Frankfort & Kokomo—1st, 7s, 1908
Gal.lIar.&S A.—1st,6s,g. 1910.F&A
1st La Grange, cx Os, 1910. F&A
2d
do
7s, 1905 J&D
Gal.IIous.&H.—1st, 7s, g.,1902.J&.J
Georgia—7s, 1876-96
6s
127*2 128
108
105
100
liO
100
60
105
102*2
84
J&J
122
Gr.Rap. & Ind.—1st, l.g., g’d, 7s, g. 115
112
1st M.,78, l.g., gold,not guar. A&O 107
91
Ex land grant, 1st 7s, ’99
111
103
do
2d mort., 8s
106
no
Gulf Col. & Santa Fe—1st mort.. 7s 1103
N.O.Jack.&Gt. N.,lst.,3s,’SG. J&J 109
Hannibal & Nap —1st, 7s, ’8S.M&N 105
117
do
2dM.,8s,’90,ctfs.A&0 115
108*3
115
Han. & St. Jo.— Conv. 8s, 1885. M&S
do
2d mort. debt
A&O 112
122
iis
Kans.
Cam.,
C.
&
1st,
10s,’92.
J&J
103
101*2
Chic.St. P.Min.&Om.—Cou. 6s, 1930
H.trrisb.
P.
Mt.
J.&L.—1st,6s..
J&J
111
Ch.St.P.& Minn. lst,6s,1918M&N 110*4
Honsatonic—1st M., 7s, 1885.F&A
Land grant, ine., 6s, 1893M&N
ida" id's"
Houst. E. & W. Tex.—1st, 7s, 1898.
North Wise., 1st 6s, 1930
T& I 105
109*8 109*4
Houst.&Tex. Con.—1st M. ,7s, g’d.’91
St. Paul&S.City, 1st 6s,1919. A&O 111*2 112
West. Div., 1st, 7s, g., 1891.. J&J 109*8:110*3
113
! 112
Waco & N. W., 1st, 7s, g.,1903. J&J no
81
do
do,
: 32
127
Cons, mort., 8s, 1912
1105
A&O 121
123
Waco & N., 8s, 1915
..—
1111
Inc. and Ind’y 7s, 1837
ids *2*
M&N 97 100
do
68, 1905.
A«,v^,.1108
Hunt,
&
Br.
Top-lst,
7s,
’90..A&O
Cin. H. & I., 1st M., 7s, 1903.J&J 109*2 HO
2d mort, 7s, g., 1895
F&A
,107*4
Ciii. I. St. L. & Chic.—Con. 6s, 19201
A&O
Cons, 3d M. 7s. 1895
Oin.& Indiana, 1st M..7s.’92.J&D 1
......
42
....
M&N
id4"
..
P.
107
117
120
123
Canada So.—1stM.,guar.,1908,J&J
99% 100
70
80
Carolina Cent.—1st, 6s,g., 1923.J&J
Catawissa— 1st M., 7s, 1882..F&A
New mort., 7s, 1900
F&A
Cedar F. & Min.—1st, 7s, 1907. J&J 112*2
Cedar R. & Mo.—1st, 7s, ’91... F&A *116*2 117
mort., 7s, 1916
10 o'
116*2 Denv.S.P.&Pac.—1st,7s,1905 M&N 106*4
90
Dos M. & Ft. D—1st, 6s, 1901.J&J
80
105
Detroit & Bay C.—lst,8s,1902.M&N 100
103
1st M., 8s, end. M. C., 1902.M&N till
106% 107
103
106
DetG.Haven&Mil.—Equip.68,1918 $115
..
Con. M., 5* till’81, afterGt.1918 $110
101' 106
do
small bands
106
110*2
Det.&Pontiac, 1st M.,Os,’86.A&O 100
do
income bonds, 1907
Det. L. & North.—1st,7s,1907. A&O 1117*4
100
95
Chic. & Iowa—2d M., 8s, 1901.J&J
Dub. & Dak.—1st M., 6s, 1919. J&J 100
Chic. I’a& Neb— 1st M.,7s,’92F&A 1114
116
1114
Dubuque& Sioux C.—lst,7s,’83. J&J
Chic.& Mich.L.Sh.—1st, 8s,’89.M&3
1st mort., 2d Div., 1891
132
J&J
Chic.M.&St.P.—P.D. 1st,8s,’98 F&A 130
Quincv& Wars’w, 1st, 8s, ’90.J&J
Chic. & Can. So.—1st, 7s, 1902 A&C
Chic.din.Dub &Miuu.—7s,’84 F&A
......J&J
7s, 1910
Chic. & East. III., S. F. c’y, 1907
M&N J121
ParkersburgBr., 6s, 1919...A&O
116
Balt. & Pot’e—1st, 6s, g., 1911.J&J till
Chic. & Mil., 1st M.,7s, 1903.J&J
114
1st, tunnel, 6s, g., g’u, 1911. A&O {112
1st mort., consol., 7s, 1905. .J&J
Belvidere Del.—1st,6s,c.,1902. J&I)
1st M., I. & D. Ext., 7s, 1903J&J
2d mort., 6s, 1885
M&S
1st M.,6s, S’thwest Div.l909J&J
3d mort., 6s, 1887
F&A
1st M., 5s, La C. & Dav. 1910J&.T
Boston & Albany—7s, 1892-5.F&A 1127*2 128
So. Minn. 1st 6s, 1910
J&J
118*2
'6s, 1895
J&J 1118
Chic. & Pac. Div. 6s, 1910
103
Bost.Clint.& F —1st M..,6s, ’81, J&J 102
Chic.&N.W—Sink.f.,1st,7s,’85 F&A
1st M., 7s, 1889-90
J&J 1109
Interest mort., 7s, 1833
M&N
N. Bedford RR., 7s, 1891....J&J 1110
Consol, mort., 7s, 1915
Q— F
Equipment, 6s, 1885
F&A 102
Exten. mort., 7s, 1835
F&A
Fram’gham & Lowell—1st, 5s,,’91 t95
1st mort., 7s, 1885
10
F&A
Notes, 8s, 1883
Consol., gold, 78, cp., 1902..J&D
Boat. Cone.& Mon.-S. F., 6s,’89. J&J 103
106*2
do
do
reg
Consol, mort., 7s, 1893
116*21
A&O 1116
56
Boat. Hart.A E.—1st, 7s, 1900. J&J
56*4
Sinking fund, 6s, ’79, 1929. A&O
do
do
reg
1st mort., 7s, guar
J&J
Iowa Mid., 1st M., 8s, 1900. A&O
L20
Boston & Lowell—7s, ’92
A&O HIT
Gat. & Chic, ext., 1st, 7s,’82.F&A
6s, 1896...
J&J 1109% L10
Peninsula, 1st, conv., 7s,’93.M&S
New 5s, 1899
105*2
....J&J 105
Chic. & Mil., 1st M., 7s, ’98..J&J
Boston & Maine—7s. 1893-91. J&J 1127
L27*c
1st
M&S
Connecting (Pliila.)—1st, 6s ..M&S
Cumberl’d& Penn—1st 6s,’91.M&S
..
112
106
110
105
63
*08*4
do
income 7s.. 1890
90
Chic. & Gt. East., 1st, 7s,’93-’95.
118
Col.& fnd. C., 1st M.,7s, 1901.J&J 115
114
do
2d M., 7s, 1901. M&N 108
114
Un.& Logansp.,l8t,7s, 1905.A&O 107
104
T. Logansp. & B., 7s, 1881..F&A 101
100
Cin. & Cliio. A. L., 1886-’90
96
100
Columbia & Green., 1st 6s
Col. & Hock. V.—1st M., 7s, ’97.A&O 1112*2
i*0*3
2d M., 7s, 1892
J&J 1101
Col. Springf.&C.—l8t, 78,1901.M&S
1112*2 114
Col. & Toledo—1st mort. bonds
102
105
2d M
do
112
Col. & Xenia—1st M., 7s,1890.M&S 1108
117*4
Conn. & Passump.—M., 7s, ’93. A&O 1117
105
Massawippi, g., 6s, gold, ’89 J&J 1102
65
69*c
Conn. Val.—1st M., 7s, 1901...J&J
30
33
Conn. West.—1st M., 7s, 1900. J&J
do
142
Bost. & Providence—7s, 1893.J&J 1127
Bost.& Revere B’h—1st,6s,’97 .J&J 112
BufF. Brad.& P.—Gen.M.7s,’9G.J&J 100
BufF.N.Y.&Erie—1st. 7s. 1916. J&I) 127
Buff.N.Y.& Phil.—1st, 6s,g.,’96. J&J 102
2d mortgage, 7s, g
Bur. C. R.&N.—lst.5s,new,’06.J&D "99*2
50
Bur.&Southw.—1st M., 8s,’95.M&N
Cairo & St. L—1st M., 7s, 1901. A&o
Cairo & Vine.—Reorgan. Rec.. 1909 *138
Califor. Pac.—1st M.,7s, g.,’89. J&J 1110
2d M., 6s, g., end C. Pae., ’89.J&J 102
3d M. (guar. C. P.), 6s, 1905. J&J t96
55
do
do
3s, 1905. J&J
Camden & Atl.—1st, 7s, g., ’93..J&J 115*2
Cam.& Bur. Co.—1st M., 6s,’97.F&A 105
7s, 1887 extended
Consol, mort., 7s, 1890
fd.,1898
Chester Val.—1st M., 7s,
105
109
A&O 110
J&D ;105
M&S 1115
.M&S 1118
..
Ask.
Ind’apolis & Cin., 1st, 7s,’88.A&O
Cin. Laf.& Ch.—1st, 7s,g.,1901.M&S
Cin. Rich. & Chic.—1st, 7s, ’95. J&J t
Cin. Rich. & F. W.—1st, 7s, g... J&D
Cin. SamPky & Cl.—6s, 1900..F&A 1103
113
2d guar.(188) 7s,’93. J&J
106*4 Chic. B. & Q.—1st, S.F.,8s, ’83. J&J 107
Consol, mort., 78,1903
J&J 125%
117
Bonds, 5s, 1895
J&D 1104
100*4
95
5s, 1901
A&O 105
58, plain bonds
Bur. & Mo. R., I’d M., 7s,’93. A&O 117%
Florence & El Dor’do, lst.7s. A&O 112*2 113
Conv. 8s.’94 sor.J&J 1160
do
121
K.C.Topeka&W., 1st M.,7s,g.J&J 1120
110
Bur.&Mo.(Neb.),lst,6s,1918.J&J *113*2
da
Income 7s. A&O 108
do
8s, conv., 1883.J&J 160
116*2
N.Mex.&So.Pac.,lst,7s,1909 A&O 116
do
Cons, 6s, non-ex.. J&J 1105
Pleas’t Hill & Do Soto, lst,7s,1907 112*2 113*2
Neb. RR, 1st;7s,A&O 114
do
117*4
Pueblo & Ark.V., 1st, 7s, g.,1903. 1117
125
do
Om.&S.W.,lst,8s,J&D
115
1114*2
Wichita&S.W.,lst,78,g.,gua..l902
Dixon Peo.& IL,lst,8s,’74-89J&J 112*2
103*2 104
Atlanta & Charlotte Air L., 1st, 7s
Ott. Osw.& Fox R., M.,8s,’90.J&J 125*2
81
83
Income, 6s
At-Miss.&Ohio.—Com. bondh’rs efts {110
Norf’k &Petersb., 1st, 8s. ’87. J&J 103
do
1st M.,7s, 1887.J&J 103
Cin. I. St. L. & Chic.—(Continued)—
Cin. & Cin., 2d M.. 7s.’82-87.J&J 1
1109
rudianapolisC. &L., 7s of’97..
....
82
79
6s,
6s,
6s,
6s,
112
95
Bid.
Railroad Bonds.
..J&D
Cin.&Sp.—7s, C.C.C.& 1., 1901. A&O
7s, guar., L.S.& M.S., 1901..A&O
Clev. Col. C. & L—1st, 7s, ’99.M&N
Consol., 7s, gold, 1900
Q-M
109
Consol, mort., 7s, 1914
do
J&D
assented
111
Belief. & rnd. M., 7s, 1899...J&J
Cent. Ohio—1st M., 6s, 1890..M&S 113
113
Clev.&M. Val.—1st, 7s. g.,’93.F&A
Cent. Pacific—1st, 6s, g.,’95-98.J&J
S. F. 2d mort., 7s, 1876
M&S
State Aid, 7s, g„ 18&1
J&J io2%
Clov.Mt. V.& Del.—1st, 7s, gold,J&J
S. Joaquin, 1st M.,6s, g. 1900. A&O 110*4
Columbus ext., 7s, gold, 1901
Cal. & Oregon, 1st, 6s, g.,’88. J&J 103*2
109
Clev. & Pitts.—4th M.,6s, 1892.J&J
Cal.& Or. C.P.bonds, 6s,g.,’92 J&.! 107
Consol. S. F., 7s, 1900
107*2
M&N
Land grant M., 6s, g., 1890.A&O
C. C. & T. C.—1st cons, m., 7s .A&O
West. Paoif., 1st, Os, g., ’99. .J&J i'16" 111
2d mort., 7s, 1909
F&A
Charl’to Col.&A.—Cons.,7s,"95.J&J 108% 109*2
103
Trust Co. cert., 1st, ass’d
2d mort., 7s, 1910
J&J 102
do
do
supplementary.
Clieraw & Dari.—1st M.,8s,’88. A&O 120
86
no
108
11081c L10
1120
121
1 128
130
1109
loan
A&O
Toledo, O.—7-30s, RR., 1900.M & N
Var. 1112
8s
8s, water, 1893 & ’91
Var. 1115
Washington, D.C.—See Dist. of Col.
90
Wilmington, N.C.—6s
8s, gold, eon. on...
Worcester, Mass.—6s, 1892...A&O 1117
7s, 1903, water
117
do
assented
Leh.& Wilkesharre Coal,’88,M&N
Small bonds, 1888
M&N
’84*
consols
1107
Somerville, Mass.—5s, 1895.. A&O
1107
Savannah funded 5s.
117
1 16*2 117*2
7s, conv, 1902, assented. ...M&N
Consol. M.,7s,1899, assented.Q—J
Adjustment bonds, 1903
Income bonds, 1908
M&N
Small bonds, 1908
M&N
Am. Dock & Imp. Co., 7s,’86 J&J
111-2
109
101
110
115
1120
till
113
87
120
,
112*0
Ask.
Bid.
Bid.
1108
Co.—Park, 6s, g.,1905.A & O
Currency, 7s.
BONDS—Continued.
Explanations See Notes at Head of First Pa?e of Quotations.
Citv Securities.
Bt.
257
CHRONICLE
122
117
......
....
t The purchaser also pays aocraed
interest
J In London.
THE CHRONICLE.
258
Explanations See Notes at
For
K.CStJos.&CB—M.
Bid.
Railroad Bonds.
Sterling, S. F., 5s, g., 1903..A&O
Sterling, gen. M.,6s, g., 1895. A&O
do
58,1905...
J&D
Ill. Grand Tr.—1st M., 8s, ’90.A&O
Ind. Bl. & IV.—1st. pf., 7s, 1900J&J
1st, 3e, 4s, 5s & Os, 1909. ..A&O
2d M., 3s, 4s, 5s, & Os, 1909. A&O
114
107
117
107
116% 117
119
88
81
76
70
75
109
108
00
58
100
95
03
00%
112
110
100
In’polis D.& Sp’d—1st ,7s,1906 A& 3
2d mort., income, 1900
J&J
Ind’polis& St.L,—1st,7s, 1919.Yar.
2d mort., 7s, 1900
A&O
Ind’apolis& Vin.—1st, 7s,1908.F&A
2d mort.. Os, g., guar., 1900.M&N
Iut. & Gt.Nortk.—1st,Os,1919.M&N 107%
9038
2d mort., income, 8s, 1909
Ionia & Lansing— 1st 8s,’89. ..J&J 113
Iowa City& West.—1 st,7s,1909M&S
i
I’a Falls & Sioux C.—1st, 7s,’99 A&O 114.34 115
Ithaca & Athens.—1st in., 7s.g.J&J
100
Ind’pciis & Mad., lst,7s.’81.M&N
Junction RR.(Phil.)—1st,6s,’82 J&J
2d mort., Os, 1900
A&O
K.C.Ft.Scott& G.—1st,7s,1908 J&D
Kansas C. Lawr & So. 1st, 4s. 1909
Kansas &
7s,1907.. J&J
Nebraska—1st mort
2d mort
Keokuk&Des M.—lst,5s, guar. A&O
Small bonds
A&O
L. Erie & West.—1st, Gs,l919.F&A
f
1191*2
83
48
103
i*6b%
74
Bufl.&E.,newbds, M.,7s,’98. A&O
Buff. & State L., 7s, 1882....J&J
Det. Mon. & Tol., 1st, 7s, 1900...
Hs
1
:I
:#■
&ls
•;
',*1
123
101
120
_
Kalamazoo A1.& Gr.R.,lst.8s. J&J
Kal.& Schoolcraft, 1st. 8s.’87.J&J
Kal.& Wh. Pigeon,1st.7s,’90.. J&J
L.S.&M. S., cons., cp., 1st,7s. J&J
do cons.,reg.,lst,7s,l900.Q—J
do cvns., cp., 2d,7s, 1903..J&I)
do con8.,reg.,2d, 7s, 1903. J&D
I
82%
Cons, mort,, 6s, reg., 1905. .Q—M
do
6s. coup., 1905.•.J&I)
Penn. Co., 6s, reg., 1907
Q.—J
1
109%
Penn.&N.Y —lst.7s,’90&1900. J&D
I Peoria Dec.& Ev.—1st,Os, 1920,J&J
107%
Incomes, 1920
Evansville Div.,1st Gs, 1920.M&S
1*08%
106
115
1
52
40
40
...
;Nashv.Ch.& St.L.—1st, 7s,1913 J&J
125
113
100
117% 119
122%
122% 124
125
122
130
Long Island—1st M.,7s, 1898.M&N rio%
88
2d mort., 7s, 1918
100
Newtown & FI., 1st, 7s, 1891
00
N. Y.& Rockaway, 7s, 1901.A&O
00
Smitlit’n & Pt. Jeff., 7s, 1901.M&S
Lou’v.C.& Lex.—lst,7s,’97 J&J (ex) 118
2d mort., 7s, 1907
A&O 112
Louisville & Nashville—
Cons. 1st, 78,’98
A&O 120
2d mort., 7s, g., 1883
M&N 105
Cecilian Br., 7s, 1907
M&S 107%
Louisville loan, Os, ’86-’87..A&0
Leb. Br. Louisv. I’ll, Gs, ’93..A&O
Mem.& 0.,stl., M.,7s, g., 1901 J&D U24
do
do
Os, 1887
T&D
real est., Gs. 1883..M&N
Hud. R., 2d M., 7s., 1885....J&D
IN. Y. Elevated—1st M., 1900.J&J
N. Y. & Greenw’d Lake.—1st M., Os
2d mortgage
N.Y.&Harlem—7s,coup.,1900.M&N
M&N
7s, reg., 1900.
N.Y. L.E.&W.—1st 7s.’97,ext. M&N
2d mort. exten., 5s, 1919 ...M&S
3d mort., 7s, 1883
M&S
4th mort.; ext., 7s, 1920.. ..A&O
5th mort 7s, 1888
J&D
1st cons. M., 7s, g.,1920
M&S
,
..J&D
New 2d cons. 6s, 1969
1st coni, fund coup.,7s, 1920 M&S
2d cor3. f’d cp., 5s,1909
J&D
Goldi acome bonds, 6s, 1977....
119
113
121
M.&Clarksv..st’g,0s,g.,1902 F&A till
Long Dock mort., 7s,
1905J&J
J&J
N.Y.N.H.&Hart.,H.& P. 1st,7s. A&O
IN.Y.Pa. & O.—1st inc.ac.,5-78,1905
N.Y.& N.Eug.—1st M., 7s,
1st 7iiort., 6s, 1905 .-.
do
120
115
1893..J&D
i
i
prior lien,inc.ac.,5-6s,’95
2d mort
3d mort
L’sed L.rental
104
110
118
45
15
131
do
Coal & I., guar. M., 7s, ’92..
Income mort., cons. 7s, ’90,
rll2
115
M&S
J&D
105% 107
121%
Steubenv.& Ind., 1st., 6s,’84. Var.
106
122
Union &Titusv., 1st,
Warren &
M&S
1108
7S.1890.J&J
90
Fr’kln, 1st, 7s,’9G.F&A
Portl’nd&Ogb’g—lst0s,g.,1900J&J ibT
20
Vt. div., 1st M., Os,g.,1891..M&N
Quincy Mo.& P.—1st,Os, guar., 1909 UOO
132
Ren.&S’toga—1st 7s,1921 cou.M&N 132
1st 7s, 1921, reg
Richm’d & Alleglienj’—1st,
7s, 1920
Ricli’d&Dan.—Con.,Os,’78-90. M&N
114
New mort., 7s, 1915
M&N
i Richmond York Riv. & Clies., 8s...
j
RomeWat’n&O.—S.F.,7s,1891. J&D
2d mort.,
99
112
112
ii8%;
Equipment, 2d mort., 5s
F&A
106% St. Joseph & Pacif.—1st mort
2d mort
05% 67% St.L.Alt.&T.II.—1st M., 7s, ’94. J&J
2d mort., pref.. 7s, 1894
F&A
2d income, 7s, 1894
M&N
:3o% 31%
118
100
U
108
105
86 34 89
199% 100
79
78
95
90
58
55
115
......
109%
......
15
16
+33
30
100
+95
Bellev.&S.Ill.,lst,S.F.8s,’96.A&0
J
1 St. Louis & I.'Mt.—1st, 7s, ’92,F&A
2d mort., 7s, g., 1897
M&N
l
,
ii
100
115
112% 113%
112
f 109
1st Os. 1930. J&J 101% 102%' 1 West. ext. eertifs, 8s, 1870..J&J +93
do
do
7s, guar. Erie
| 125
98 i! 1st 7s, inc., pf. iut. accumulative.
Naeh. & Dec., 1st 7s, 1900... J&J 115%!118
q
2d 6s, inc., int. accumulative
N.Y.Prov.&B’n—Gen. 7s, 1899. J&J
108
E. H. & N
1st Os, 1919
J&D 107
Ark. Br. 1. gr., M., 7s, g., ’97.J&D
Geu’l mort., Os, 1930
J&J 102%' 102% 'North Carolina—M., 6s
Cairo Ark. & T.,1st,7s,g.,’97. J&D
100%
121
Penn.—1st
!North
M.,
Os,
1885.
J&J
Maine Cent.—Mort. 7s, 1898...J&j|t 120
Cairo & Ful., lst,l.g.,7s,g.,’91. J&J
110
2d mort., 7s, 1890
M&N 120
Exten. bonds, Os, g., 1900... A&O a 108
120% St. L. &3anF.—2d M. .class A,’0GM&N
110
Gin.
mort.,
J&J
7s,
1903
Cons. 7s, 1912
A&O 1115
2d M., class B, 1906
M&N
110
NoJtli Wise.—1st, Os, 1930
J&J
Androscog. & Ken.,Os, 1891.F&A,1109
do
class C, 1906
M&N
109
‘Northeast.,S.C.—1st M.,8s,’99,M&S 128
Leeds & Farm’gt’n, Os, 1901. J&J J108
South Pacific.—1st M, 1888 .J&J
104
M&S 116
| 2d mort., 8s, 1899
Portl’d & Ken., 1st, Os, ’83.. A&O.1103
99
P. C. & O. 1st, 6s
F&A
110
North’11 Cent.—2d mort.,Os,’85. J&J
Cons. M., Os, ’95.A&O 109
do
Equipment 7s, 1895
J&D
97
3d mort., Os, 1900
A&O iio%!
Man.Beach Imp Jim.,7s, 1909,M&S
St. L.& S.E.—Con. M.,7s, g.,’94M&N
110
Con. mort., 6s, g., coup., 1900. J&J
N.Y.&Man. Beach, 1st 7s,’97,J&J!
F&A
1st, cons., 7s, g., 1902
122%
Os, g., reg., 1900.. .;
A&O
Marietta & Cm —1st M..7s. ’91F&A 120
Evansv. H. &N.,lst,7s, 1897. J&J
98%
125
Mort. bonds., 5s, 1926
J&J
110
Sterling, 1st M., 7s, g., 1891. F&A
106
St.L.Vaud.&T.H.—lstM.,7s,’97.J&J
89
Con. mort, stg. 6s, g., 1904...J&J :io4
88
2d mort., 7s, 1890
M&N
2d mort., 7s, 1898
M&N
45
4434
;
Mich.—Cons.,6s,
North.Cent’l,
1904
3d mort., 8s, 1890
J&J
ibi”
t99
2d, 7s,guar.,’98
M&N
112
M.,
J&J
110
Northern,
N.J.—1st
Gs,
’88.
Scioto & Hock.Val., 1st, 7s..M&N
St.P.Miun.& Man.—1st 7s,1909 J&J
|North. Pac., P. D’O Div.—6s, M&S. t 101% 102
Balt. Short L., 1st, 7s, 1900..J&J
1st, 78, 1909, small
J&J
I
Bond certificates, Os, 1921
Cin. & Balt., 1st, 7s, 1900
J&J
2d 6s, 1909
A&O
Norw’h&Worc’r—1st M., 6s.’97. J&J 117% 118
Marietta P. & Clev.—1st, 7s, g., ’95
Dak. Ext., 6s, 1910
M&N
Ogd’nsb’g&L.Ch.—1st M. 6s,’98, J&J 105%ll06
Consol. 78
J&D
106
St. P. & S. City—1st, 6s, 1919. A&O
1103
i
3.
F.,
8s.
1890
M&S
112%
113
Marq’tte Ho.& O.—Mar.& 0.,8s, ’92
Mort. on new lines
95
95%
98%; 99 j Consol, ,6s, 1920
Os, 1908..
M&S
50
51
Sandusky M. &N.—1st, 7 s,1902. J &J
Income,
1920
99%
100
Mass. Central—1st, Os, 1893
Savannah&Chas.—IstM.,17s,’89 J&J
Income, small
Memphis & Charleston—1st consol. 112 1116
103%
Savannah Florida & West.—
1st, cons..Tenu. lien,7s, 1915 J&Jl 110
iOhio Cent.—1st.mort.,Os,1920, J&J 02% 67
At. & Gulf, cons. 7s, 1897
J&J
Incomes, 1920
Mem.&L.R’ck—lst,4s (8s after ’82) 107 jl10
1st mortgage, 7s
102%
J&J
J&J
1st Ter’l Trust. 6s, 1920
Metrop’u Elev.—1st, Os, 1908, J&J 104% 104%
S.Ga.& Fla., 1st M. 7s, 1899, M&N
I 96%! Ohio&Miss.—Cons. S. F.7s,’98. J&J iib" 119
2d Os. 1899
M&N
Scioto Val.—1st M., 7s, sink’g fund
Cons, mort., 7s, ’98
116
J&J 116 119
Mich. Cent.—1st M.,8s, 1882.A&O 110
126% j 2d mort
2d
mort.,
7s,
1911
A&O
126%
125%
Consol., 78, lu02
M&N
Sham. Val.& P.—1st, 7s, g.,1901 J&J
1st mort..Springf.Div., 1905 M&N 115% 118
IstM. on Air lane, 8s, 1890. J&J t!19 1121
109
Sheboyg’n& F-du-L.—1st,7s,’84 J&D
1108
Ohio
&
W.Va.—lst,s.f.,7s,1910M&N
121
j
Air Line, 1st M., 8s, guar. ..M&N 119
Sioux C. & Pac., 1st M., Os,’98. J&J
Old Colony—6s, 1897
F&A 1114 115
Equipment bonds, 8s, ’83..
|
So.&N.Ala.—lst,8s,g.,end.’90.. J&J
i 6s, 1895
J&D 1113 114
Gd. Riv. V., 1st 8s, guar.,’80.J&Jj*112% 113
M&S 1126 127 ;So. Carolina—1st M.,7s,’82-’88.J&J
7s, 1895
Os.1909
M&S I
N. O. & Mobile.
105
105% 106%
J&J
A&O
M&N
7s, 1892
Consol, mort., 7s, 1904
t Rutland—1st M., 6s, 1902
I
100
105
105
30
t
General mort., Os* gold
Piedmont Br., 8s, 1888.
A&O
Rich. Fred. & Potomac—6s, 1875
Mort, 7s, 1881-90
J&J
Rich. & Petcrsb., 8s,’80-’86...A&O
LOS
120
98
96
5s, 1910
Equipment, 8s, 1884
108%
70
193
Pitts. Titusv.& B.—New 7s,’90F&A
Buff. Ch. L. & Pitt. 1st, 7s,1909 M&N
Oil Creek, IstM., 7s, 1882. ..A&O
50
17
132
98%
f96'
..
Sterling cons. M., Gs, g., guar.J&J 111 6
Pittsb.Ft.W.& C.—1st, 7s, 1912.J&J
2d mort., 7s, 1912
J&J i'30
3d mort., 7s, 1912
A&O 121
127%
123
92
Pittsb.&Con’llsv.—lstM.7s,’98.J&J
04
112
96
127
iib
123
;Pittsb.C.& St.L.—1st,7s, 1900.F&A
2d mort., 7s, 1913
A&O
102
127%
99
195
Pliila.Wil.&Balt.—Os, ’92-1900A&O
108
113
126
81%
*5*6”
cps;,Dec.,’77,to J’e,’80,iuc.
Scrip for 6 deferred % coupons
130
+
tr’st’73,Trus.cer.7s
80
New convertible, 7s, 1893...J&J
G. s. f., $&£,6s,g.,1908, x cps.J&J
....
.
ibo*
J&J
J&D
J&D
Improvement mort., Os, 1897
Geu’l mort., Os, G. C., 1908.. J&J
j
cp.l903.J&J 130 133
j
J&J
105%'
Subscription, Os, 1883
M&N 104 122
I
Sterling mort., Gs, g., 1903... J&J J120
104% 104%:
N. Y. C., premium,Gs, 1883.M&N
111
127
127
Ji*0*8%
Debenture, 1893
Mort., 7s, coup., 1911
Gold mort., Gs, 1911
12*6
N’lmrgh&N.Y.—1st M. 7s,1888.J&J
N.Haven&Derby, 1st M., 7s,’98.Var
’*9*6”
N. J.Southern—1st M.riiew Os. J&J
03%
N. O. Mob. & Tex.—Deb.scrip. 1930
N.Y. & Can.-£ M., Os, g., 1904.M&N *110
131
5
119%
Pliila. & Read.—IstM.,Os,1880.J&J
2d mort,, 7s, 1893
A&O
117
*9*7"
*118
8unbury&Erie, IstM.,7s,’97.A&O
134
111%
123
Petersburg— 1st M., 8s, '79-’98.J&J
2d mort., 8s, 1902
J&J
Pliila. & Erie—2d M-, 7s, 1888. J&J
Gen. M.. guar., Os, g., 1920. .J&J 1110
108%
.
* *4*2*
110
income, 1920 ..
7s, ’94. J&J
Perkiomen—1st M., Os, 1887..A&O
.
Ex fd.
.
122
*
Peoria Pekin & J.—1st,
1
114
107%
j
:
49
35
32
60
:58
105
+
120
*3* 3
! Paris&Dec’t’r—1 stM.,7s,g.,’92. J&J
Pekin Lin.& Dec.—1st,7s,1900 F&A
Pcnna.— Gen. M.,0s, cp., 1910 Q—J :i2i
do
Os, reg., 1910.A&O + 127
100%
M&N
F&A
i‘o*6” 10*1%
’82.J&J
Panama—Sterl’g M.. 7s, g. ’97.A&O
Sinking fund sul)., Os, 1910.M&N
1j Paris & Danville—1st M.,7s .1903.
1*0*7
82%
108
M&N
M&S
! Oreg. & Cal.—Frankfort Com.Rec.x
1 Osw.&Rome—1 st M., 7s, 1915.M&N
118
*
Alexandria—(Coutin’d)--
3d mort., 8s, 1873
4th mort., 8s, 1880
Or. Alex.& M„ 1st M., 7s.
jMob. & Ala. Gr. Tr.—1st, 7s, g’ld,’95 ‘*80% **84”
Mobile & O.—1st pref. debentures..
1031*2
1st mort., Os, reg., 1898
J&D
2d mort., 7s, 1910
M&S
Gen. M., s. f., Os, g., 1923....J&D
Delano Ld Co. bds, end.,7s,’92 J&J
104
Little Miami—1st M., Os,l 883.M&N 1102
L. Rock& Ft.S.—lst,l.gr.,7s’95.J&J lllis 113
Little Schuylkill—1st, 7s, ’82. A&O
m
Orange &
N.Y.C.& Hud.—M.,7s,
Mort., 7s, reg., 1903
L»awTrence—1st mort., 7s,1895.F&A
Lehigh & Lack.—1st M.,7s, ’97.F&A
Lehigii Val.—1st,Os,coup., ’98. J&D
Mo.K. & T—Cons, ass., 1904-0. F&A
1st, Os, g.. 1899. (U. P. S. Br.)J&J
2d mort., income, 1911
A&O
|
130
115
99
123
Ask.
Bid.
Railroad Bonds.
|
115
109%
1st, Tenn. & Pac., Gs, 1917...J&J
1st, McM. M. W.&A.,0s,1917.J&J
Nashv.& Decat’r.—1st,7s,1900. J&J
110% LI 1% Natchez Jack. & Col.—1st, 7s, 1910 t
102
110
Nevada Ceu.—1st Gs, 1904 — A&O
110
112“ Newark & N. Y.—1st, 7s, 1887.J&J tioo
New’kS’set&S.—1st, 7s, g.,’89.M&N 108%
117
Jamest.& Frankl..lst, 7s, ’97. J&J
2d M.,7s,’94. J&D
do
h
Minneapolis & Duluth.—1st 7s
Minn. & St. L.—1st M.. 1927..J&D
1st M., Iowa City&W., 1909.J&D
! 1st mort., C. R. I. F. & N., 1920..
Miss.&Tenm—1st M., 8s,series “A’’
8s, series “ B”
J&J
Bonds, 7s, 1900
J&J
General mort., 7s, 1901
A&O
Consol, mort., 7s, 1915
J&D 124
107%
77
Nashua & Low.—Os, g., 1893.F&A 1112
105
109
5s, 1900
70
108
i
J
Mich. Cent.—(Continued)—
114
f
J. L. & Sag. Cons. M.,8s,’91.M&S 112%
Joliet & N.Ind.,1st,7s (guar.M.C.) 1112%
82
78
Midland of N. J.—1st mort
15
17
'
Income, “A.”
12
10
do
“B.”
90
Mil. & North.—1st, 8s, 1901... J&D
2d pref. debentures
3d pref. debentures
4th pref. debentures..
New mortgage, Os, 1957
Morris & Essex—1st, 7s, 1914
2d mort, 7s, 1891..
110
104L>
Income, 7s, 1899
F&A
Sandusky I)iv., Os, 1919
Income, 1920
Laf. B1.& Mum,1st, Os,1919. M&N
do
income, 7s, 1899..
Lake Shore & Mich. So.—
M. So.& N.I., S.F.,lst, 7s,’85.M&N
Cleve. & Tol., 1st M.,7s, ’85.. J&J
do
2d M., 7s, 1880.A&O
Cl. P. &Asli.,new7s, 1892..A&O
.
Ask.
Bid.
Boonev’e B’ge,7s,guar,1900.M&N
Han. & C. Mo., 1st 7s, g.,’90.M&N
do
2d, 1892.... M&N
Mo.Pac.—1st mort;.,0s,gld,’88, F&A
Consol. Os, 1920
M&N
2d mort., 78, 1891
J&J
Car. B., 1st mort., Os, g. ’93..A&O
3d mortgage
Income, 7s, 1892
M&S
Jefferson—Hawl’y Br. 7s, ’87..J&J idi"
110
1st mort., 7s, 1889
J&Ji
118
Jeff. Mad.& Ind.—1st, 7s,1900. A&O ii*7*
2d mort., 7s, 1910
J&J 112ii> 113
Quotations.
Head of First Page of
Railroad Bonds.
Ask.
;112
1105
1115
1105
Income, 1919
BONDS—Continued.
QUOTATIONS OF STOCKS AND
GENERAL
[Vol. XXXII.
105%
114%
110% 111%
•
92
85
•
•
•
85
111%
108
110
109% 110%
102%
85% 86
82% 84
104
106
20
103
30
90
100
%
....
.A&O1
F&A
Kalamazoo&S.H.,lst,8s,’90.M&N1 114% 115%:| Cape Cod, 7s. 1881
Or’ge& Alex’ndria—lst,6s,’73M&N 11*6”
J.L.&Sag.lst,8s’85,“wh.bds”J&J i 110 111
...T&T 125
2d mort.. Os. 1875
do
*
North Ext., 8s. ’90.M&N t
Price nominal; no late
transactions.
t The purchaser a%o jays accrue 1 mcei est.
1st, sterl. mort., 5s,g.,’82-’88.J&J
|1 Bds,7s,’02,2d M.,unenjoinedA&0
..A&O
Bds
1 In
.
7«. non-mort....
Londo 1.
.
?-s
92%
i 1*6 ’
108
107
102
105%
l65
108
1109
mo
110
112
112
1104
106
80
75
_
f
..
115
*l6
+
112
110
109
107% 110
110
106
104
55
60
8o.Pac.,Cal.—l8t.,68,g.,190o-G.J&J |
South western(Ga.)—Conv.,/s,188o j
Summit Br.—1st, 7s, 1903
J&J
Sunb.IIaz.&W-B — lst,5s,1928M&N
Susp.B.&ErieJunc.—1st M.,7 s
Syr.Bing.&N.Y.—consol. 7s,’06A&0
Texas & Pac.—1st, Os, g.1905 M&S
Consol, mort.,08, gold,
Inc. and laud gi\, reg.,
1905. J&D
1915. July
lOoLiiiOL
106
05
100
Bost. Con. & Montreal
1
do
Pref., 6... 1
Boston Hartford & Erie
! Boston & Lowell
5
Boston & Maine
1
Boston & New York Air L
do
do
pref...
1st
i*o*6*
0
147
do
do
j" '*68*'
1893
M&S
Collateral trust, Gs, 1908 —J&J
Colorado Cent.,1st, 8s, g.,’90. J&D
Denver Pac., 1 st M. ,7s,g.,’99. M&N
Kans. Pac.,1st, Gs.g.,cp.ctfs.F&A
do 1st M.,Gs, g.,cp.ctfs. J&D
do lst,R.& L.G.D’d,’99.M&N'
do
L’d 1st M,7s,g.,’80.J&J
do
Land 2d M., 7s, g., 188G
do
Leav. Br., 7s, ’90..M&N
do
Inc.,No.11,7s, 1910.M&S
do
Inc.,No. 10,7s, 1916.M&S
Deuv.Div.,Gsass.cp.cert.
do
do 1st cons. M.,6s,1919 M&N
Utah Cen.—1st M., Gs, g.,1890. J&J
Utah So,—Gen. M. 7s, 1909....J&J
Utica & Bl’kJR.—Mort., 7s, ’91. J&J
Verm’t & Can.—M., 8s
Mississquoi, 7s, 1891
J&J
Vermont Cen.—1st M., 7s, ’80.M&N
2d mort., 7s, 1891
J&D
Income extension 8s
M&N
Stanstead S. & C., 7s, 1887..J&J
Verm’t&Mass.—1st M.,Gs, ’83. J&J
Cony. 78,1885
J&J
Viek.&Mer.—lstM.,end.,7s,’90.J&J
2d mort, end., 7s, 1890
JjLj
Wabash—1st M.,ext.,7s,’90,ex.F&A
Mort., 7s, 1879-1909
A&O,
2d mort., 7s, ext. 1893, ex..M&N
Equipment, 7s, 1883
M&NI
General mort., Gs, 1920
J&D
Chic. Div., 5s, 1910
Havana Div., Gs, 1910
J&J
Tol. P. & West., 1st 7s, 1917. .. G
Cons, mort., 7s, 1907,con.,exQ—F
Gt. West.,
do
Cedar Rapids
2d,7s, ’93,ex.M&N
’90. J&J
Winona&St.Pet.—lstM.,7s,’87.J&J
2d mort,, 7s, 1907
M&N
1st series, new
2d series, new
Wis. Valley—1st,
unfund.
7s, 1909
112
95
109
106
53
100
108 *&
104
57
do
2d, nref
Washington Branch
Parkersburg Branch
Boston & Albany
Quincy
.
45
*2*6*' **2*i“
120
92
GO
58*2
60
9**
,
11
j
York Elevated.
York & Harlem,
Pref
do
1
54
49
!
54 V 1
85*2
87*2
do
45
| ]
25
; I
36*2 ]
27
70
?
139
p
Pref
do
Pref.
do
60
J
§48*2
100
107
100
70
Pref., 8. .100
do
100
Pref
do
**48%
108
45*4
70*4
4434
160
I
j (
122%!
85
80
140
123
(
134*2 135
135*4* C
133
59
57
(
44% 45
99*4 99*2 C
74
I
73
do
Pref., 7
Chicago & Rock Island
Chic. St. L. & N. O
Chic. St. P. Minn. &Om.,com..
89*4
54*2
.50
u’theru Central
u’thern New Hampshire
p
1
120
122
Western
89*4
54%
175
ISO
3558, 35%
York Providence & Bos...l(
>rth Pennsylvania
50
>rtli & Soulh Alabama
i
1073s 107%
**48 *s *48*4
Pref'.’’”..’.".
)\v
J
......
195
50
Y. N. Haven & Hartford ....100
Y. Ontario & Western
do
do
pref
139*2 141
Pref., 7
146*8 146*2
124*2 125*2
...100
350
iChicago & East Illinois, new.
Chicago & North
165
32*4
32%
82
84
29*2 30*2
42% 43*8
103*2 103*2
129
128
225**
64*2
r
±
......
109%
52
100
98
102
118
Col. Chic. & Indiana
Central...
50
Concord—
HO
:C5^ •0
Cin. Sandusky & Cleveland
50 -C
do
Pref., C
Clev. Col. Cin. & Indianapolis..
Clev. & Mahoning Val., leased...50
Clev. & Pittsburgh, guar., 7
50
111*2
;
114
85
76
64
Connecticut River
Danbury & Norwalk
Dayton & Michigan, guar.,
109
130
100
55
9
15
190
100 119
100
100
.100
nominal; no late transactions.
3*2..50
0A
8.50
100
50
100
..100
Fitchburg
Flint & Pere Marquet te
SO
G5
98*4
*
Illinois Central
100*2 Indiana Bl. & West., ex
jj
do
do
133% Kansas City Lawrence
i Kansas & Nebraska.
59
10
Keokuk & Des Moines
do
17
132
j
;
195
! Lehigh Valley
Lake Erie & Western
Lake Shore & Mich. So
5
Little
50
125
j
66
GG
GO *2
100
100
50
80*2
125
I The purchaser
Pref. 100
Belleville & So. Ill., prof
100
do
S
S
s
535s S
98% S
|
132*2 S
68*2 S
do
Pref
do
1st pref..
[ & Duluth
do
Pref
I Minn. & Man
*d& Roanoke
Guar
do
loston (street)
s
s
131*2 S
GG | T
61
T
81
130
l
l
19
10
51
§ 59
GO
142
..
§•>2*2
GO
G2
145
\
V
§*6*9*2
70
15
131*2
1938 19 V
111*2 112*2
28
26
120
115
131
131
90*2
90
88
86
69
65
*
118*2
100
100
100
100
100
50
100
Bingh’tou & N. Y
50
50
Iraneh, Pa
ite & Indianapolis
3'
28
5*8
5%
2‘. *2
28
32
42
121
34
42
124
01*4!--
92
--
*6*4 *
**
65
24
26
2934
30
100
58*2
59
*
1st pref. 100
2d pref.. 100
& C. Co.. 100
100
lont & Mass., leased, 6
sburg & Meridian, assented...
isli St. Louis & Pacific
100
do
■en
(N. J.).
Pref. 100
do
leased, 7
50
181 *4
116% 1167s
16*2 17
180
130
•
13
4 L *2
87*4
106
132
14
44 7s
87*2
*•* *
|V
!\
!\
25
35
jv\
35
35
\
Columbia & Augusta
...
Pref.
!V
also pays accrued interest t In London,
75
13
no83
61
62
12
Maryland
do
......
87%
33
.
100
100
68*2 T
54
87
100
Pref., 7
do
56*2 5G*2
125% 125 7s IV
^Louisiana & Mo. Riv., Com
100
Pref., guar.. 5
do
Louisville & Nashville
100
Ogdensb .lOO
..100
\
.100
50
50
50
tertown &
8
WWW]
14 %i
27V
§J278
....mm
120
100
Pref.... 100
!;Little Miami, leased, 8 guar..
Little Schuylkill, leased, 7
Long Island
LOO
r
i
F
E
95
37
90
G8
Guar. 7.... 100
do
do
82
& So ...100
Rock& Fort Smith
.
10
Pref. 100
T
92
L., guar.,7.50 i*3*2 *4
Highland (street), Boston
100 GS*2
Houston & Texas Central
100 s
Huntingdon & Broad Top
50
do
Pref... 50 *
do
100
privilege..
International & Gt. Northern.. 100
! Towa Falls & Sioux City
100
1
Jeft’v. Mad. & Ind’p’s, l’sed. 7..100
100
: Joliet & Chicago, guar., 7
Kansas City Ft. Scott & Gulf.. .100
r
1
143
32
Harrisburg P. Mt. J.&
77
65
115
101
h
!
do
1334
53*4
100
Pref., 7.. 100
do
I
1
& Bank’g Co. 100
5.. 100
Grand River Valley, guar.,
Green Bay & Minnesota
Hannibal &St. Joseph
E
1
I
1
50
Frankfort & Kokomo
Georgia Railroad
E
3
5 L
95
142
30
91
50
100
pref.
7.100
Spceial, 7.100
do
......
Pref
do
do
36*2
100
100
100
50
7
Erie & Pittsburg, guar.,
!
85
c, guar.,
I
'
I
'
do
do
85
160
80
G5
140
37
527
10
I
i
Ga. 100
5
E
1227« 123
102 V102 *2
50 §
7 ......50
& Trenton, leased, 10... 1001
Germ’n & Nor., l’sed, 12. .50 §
i
-
Pref., 7..50
do
12*6“
118*2
100
100
Pref.’,
hlo
......
Lansing & Northern, com .100
do
Pref. 100
do
Dubuque & Sioux City
;
100
Elmira & Williamsport,
’ref
50
iviile ..100
24*2 I
Det.
East Pennsylvania, leased
East Tennessee Virginia &
Eastern (Mass.)
Eastern in N. H
Eel River
’.
E
130
23*2
159
75
& Rio Grande
So. P. & Pacific
V.’.WWW 150)5
I
do
Pref., guar.,
Delaware & Bound Brook
Delaware Lack. & Western
Denver
Denver
1
i
8G%
*83
+10V
I 4*«
120
133*2
■
86*8
109
Bost. Clint, Fitchb. & New Bed. IOC
do
do
Pref 100
Price
Pref., 7
do
100
Augusta & Savannah, leased.. .100
Baltimore & Ohio
do
Pref., 6
2d pref..
do
j
RAILROAD STOCKS.
Atlanta & Charlotte Air Line
Atchison & Great Western
Atlantic Mississippi & Ohio
Atl. & St. Law., leased, 6, £
110
38
75
43
24
35
26
65
138
137
165
1st pref.
97*2 jChicago Burlington &
109*4 I Chicago & Canada Southern
Worc’r&Nashua—5s,’93-’95..Var. 1100
Nash. & Roch., guar., 5s, ’94.A &0 i 99%
Par.
South—Lim., A., Gs,pref..
Lim., B, com
Albany & Susqueh., Guar., 7. ..100
Allegheny Valley
50
Atchison Topeka & Santa Fe..100
35
do
Cheshire, pref
Chicago & Alton
45
100
104*4 11043s' 1
do
do
48%
5134
|
J&J 114%
Ala. Gt.
108
do
Q’ncy & Tol., 1st, 7s,’90, ex.M&N
104
Ill. & S. Ia., 1st, 7s, ’82„ ex.F&A
St.L.K.C. & N. (r.est.& R.),7s.M&S 109 I....
do Om.Div.,Ist7s,1919. A&O 115
119
do Clarin. Br., Gs, 1919.F&A
1102
do
No. Mo.,1st M., 1895.J&J 123*4|124
Wabash Fund. lilt. Bds., 1907Various 7s
F&A
!
Various Gs
F&A 100
128
Warren (N.J.)—2d M., 7s, 1900. .. 122
Westch’r& Phil.- Cons.,7s,’91.A&O
W. Jersey—Debent. Gs, 1883. .M&S
1st mort., Gs, 1896
J&J MS
123
Consol, mort., 7s, 1890
A&O
W. Jersey & At. 1st M.,Gsl910M&S 106*2 MO
118
West’ll Ala.—1st M., 8s, ’88...A&O 117
118
2d mort., 8s, guar., ’90
.A&O M7
West. Md.—End., 1st, 6s, 90.. J&J
1st mort., Gs, 1890
J&J
End., 2d mort., Gs, 1890
J&J
110*4
2d mort., pref., Gs, 1895
J&J
2d, end. Wash. Co., Gs, 1890 J&J
3d, end., 6s, 1900
J&J 125 130'
West’nPenn—1st M„ Gs, ’93.. A&O 115
1*0*9 *
Pitts. Br., 1st M.. Gs, ’96
J&J
100
Wheeling & L.Erie—1st, Gs, g., 1910 195
Wilm. Columbia & Augusta, Gs
106*4 107*2
Wil.& Weldon—S. F., 7s, g.,
)
)
Chesapeake & Ohio, common
98
90
1077b
103*2
1
36
48*2
119
91
142
25
& St. Louis
34
>
I
do
ex.F&A 109
Ill.,1st,7s, ’88,ex.F&A
Wis. Cent.—1st, 7s, coups,
)
& Mo.
100
20*4 ! 2.1*4 ;
149 ;150 ; :
;
llOL.
128
120
|
1
7
42
72
120
110% 111*8
119*2 120
100
100
!
§52
38*2
11%
§71
rH on
)
)
New, pref
34
38 *4
1 1%
7
118
79*2' 7934
)
10G
MO
530
25
35
)
106*2
MO
130*2
1
Pref
llli
Reg. 8s,
1st, St. L. div., 7s, 1889,
15
i*o‘6’*
33
41
100
130
Ask.
70
130 V
l.)0
25
88
18
:83
D
113*4
10b
.100
...100
100
pref..50
pref..50
ligan Central
j.
1
Middlesex (street), Boston
Hand of New Jersey
39
39
.
If A
M&S H9
Sink. F., 8s, 1893
Om. Bridge, sterl. 8s,g., ’9G.A&0 U-A
130
Memphis & Charleston
)
UnionPac.—1st M.,6s,g.’96-’99. J&J
Land Grant, 7s, 1887-9
,.A&0
100 j
Lynn & Boston (street)
j Macon
1
1
fereons’d
J&D
Gs, 1889
mort., Gs, ’89.M&N
70
||
148
157
155
118*1 120
Cairo & St, Louis
do
Chic. 1001
& Augusta
II Maine Central
Manchester & Lawrence
Manhattan Beach Co
Manhattan Railway
Marietta & Cincinnati, 1st
do
2d
>
Erie,leased....
Buffalo Pittsburg & Westeri
110
121
New Albany &
)
do
Pref.
Burlington C. Rapids & Nort
United Co’s N.J.—Cons.,6s,’94. A&O,
Sterling mort., Gs, 1894
M&S;|117
do
Gs, 1901.... .MctS: + M9
Cam. & Amb., Gs, 1883
F&A
1103
*49* **49"
.
do
j
j
Rec’t 1st M.f W. 1>...
Burlington D
pref. inc. for 2d mort
<1
Pref..
do
Buff. N. Y. &
Purcli. Com.
do
ii Louisville
j
Bid.
Railroad Stocks.
Ask.
!
1
0758
1930..F&A
910 J&D
Tol.P.&W.—Pur. C. ree’ts, 1st, E. D.
0
0
11
120
105
90
84 34
1st (RioGr. Div.), Os,
Texas & St. Louis— 1st,Gs,l
•
! 105
1100
I
1
:
..M&S
F&A
South Side, L.I.—1st ,7,1887.
So. Ceil. (N.Y.)—1st7s, 1899..
100
Bid.
Railroad Stocks.
Bid. ! Ask.
Bonds.
)^DS—Oosrrt.'flJBD.
QUJrAL’lOXS OS’ STOCKS AND B
uaXE.lAL
Railroad
259
CHRONICLE.
THE
5,1881.]
March
§ Quotati^41 PATShare.
1on
*
260
THE
GENERAL
For
Bid.
Canal Stocks.
Ask.
Q.-J
Franklin
Gold & Stock
J&J
Mexican
Chesapeake & Ohio—
114
106
115
.
rpg,
116
116
Western Union.... 100
TRUST CO.’S
116
121
Equitable
......
115
Baltimore
6s,g. ,ep.& rg. .’97 J&I)
......
......
.
97
M.,6s, 1897.Q-M
2d M.,6s, 1907..J&J
Mort. 6s, cp., ’95 J&J
6s, imp.,cp.,’80 M&N
6s,bt&car,1913M&N
1st
.....
68, coup.,1918. J&J
7s, roup., 1602 J&J
Union,! st, 6s.’83 M&N
-
CANAL STOCKS.
50
lOO
108
Del. Div. leased, 8..50
Tjf^liii/li N.ri vipri firm
Morris,
do
guar.,
SO
4
*t463f
100
J
p?., giiar.lQ.-l0()
P^niisylvarir.
*5,
50
Schuylkill Nav
50
do
do pref 50
50
Riisqiiehar.ns
Lawrence, Mass... 100
......
....
Salem, Mass.,
46%|
72
!
People’s, Jersey C
Louisville G. il
•5t. Louis G. L
1st consol 6s
98
ioo
102 k 104 k
Gobi & Stock Tel
50
Laclede, St. Louis. 100
!arondele,t,3t. Louis 50
George’s Cr’k C’l (Md.)
112
42
55
45
25
60
195
165
29
150
90
115
45
57
50
28
65
19
205
166
160
100
50
65
190
143
160
65
98
60
70
192
145
165
70
100
71k 72
San Francisco G. L
74
76
266
272
111
113
15 k
16k
.
ibo
Mercant ile Real Estate
Oreg.lt.&N. 1st,6s, J&J
.....
106 k
Pulihi’n Palace Car—
scries, 8s,’81 M&N
..3d series, 8s,’87F&A
_4th do
8s,’92F&A
101
......
108
110
115k 116
Deb’ntTe,7s,’88A&0
107% LOS
Stlg, 7s,g..1885 A&O
102 hj 101
♦1 9'>
1929.A&0
Re'construc. certfs... ;ii7
124
L19
Spring Valiev—
W. W., 1 s t s, 1906.M&S
Western Union Tel.—
115
7s, eoui)., 1900.M&N
7s reg., 1900
M&N 115
8terl’g 6s, 1900.M&8 :ioi
ItllSC’LLANEOUS 1
STOCKS.
Am. Dist. Tel.(Balt.)25
Boston Land
lu
Boston Water Power..
Brookline (Mass.)L’d5
Canton Co. (Balt.). 100 !
......
*u*)k
10k
ilk
11-4
5k
64
5
Cent. N..T. I.’d Imp.lOO i
29
Cin. & Cov. B’dgeprcf. i 180
i
.
McKay Sew’g Macli.10
950
Barnard Mfg. (F. R,)..
98
Bartlett (Mass.)...10(
266 k
Bates (Me),
10<
Boott Cot. (Mass.) 100( 2025
Border City Mfg. (F.R.)
Boston Co.(Mass.)100< 1590
Boston Belting
100 169 k
Bost. Duck (Mass.)700 900
Cambria Iron(Pa.)..50 £
Chicopee (Mass )
107
......
.
Am. Linen (Fall Riv.) 900
Arnory (N. II.)
100 125
Amoskeag (N.II.) 100( 2010
120
Androscog’n (Me.).10(
Appleton (Mass.). 1000 1120
160
Atlantic (Mass.).. .100
.
xoo
Coclieeo (N.II.)..!.500
Collins Co. (Conn.).. 10
Continental (Me.). 100
Crcs’t Mills (F. R.) 100
Davol Mills (F. It.) 100
Dougl’sAxe (Mass) 100
Dwight (Mass.). ..500
Everett (Mass.)... 100
Fall Riv Iron W 1000
Flint Mills (F. it.) 100
Franklin (Me.)
100
Great Falls (N. H.)100
Hamilton (Mass ) i.000
x23
24
..Maverick Land
io
3
234
N.E. M tg.Secur. (Boat.) xl07
109
Hartf. Carpet (Ct.)lOO
N. Hampshire Land 25
5k
Hill (Me)
6
100
N.Y. Loan & Imp*t 100
Holyoke W. Power. 100
N.Y.& Tex.Ld.,Lira. 5o
33
Jackson (N. H.).. 100<
38
Land scrip
26
.100
Kearsarge
O. Dominion SS.Co.100
King Philip (F. R ) 100
186
Laconia (Me)
Oregon Ry.&N.Co.lOO 186
400
Pacific Mail 88. Co. 100
56% 5C34 Lancaster M.(N.II)400
Pullm’n Palace Car 100 131
Lawrence (Mass.) 100(
St.Louis B’dge.lst pref
*82
Lowell (Mass)
091
180
2d pref. certificates.
43
Lowell Bleaciicry.20<
HI
St.Louis Tunnel RR..
100
Lowell Mach.8hop.50i
196
St. Louis Trannter Co.
LymanM. (Mass.). 100
Sutro Tunnel
10
lk Manchester (N.II.) 10(
Mass. Colton
EXPRESS ST’CKS |
1 OOl
Adams
100 ; 128
133
Mechanics’ (F. It.) lOi
American
100
68 k 70
Merchants’ (F. R ) 1 Of
United States
56
1
100
Merrimack (Mass) lOOt
Wells. F»m:o & Co 1 (K l 117k 117% Middlesex (Mass.).H O
!§'$1
Price nominal; no ir.ro transactions.
125k
i
Stand'd Cons. G.M.100
j Stormoutr
10
! Wilkesb. Coal & I.. 100
BOSTON MINING
•90
Crown Point,.
TOO’
Dahlnncgn.
Dundeulierg
10
•07
1*00
1*60
•16
1 !
_.
.
!
5
TTI.jib
1
1
no!
OOl
1-25
1-65
•17
225
OQ
12
Findiey
12k
•30
1
Freeland
."
Gold Placer
1-50
25
25
Goodsbaw
100
Gould &
100
Curry S
Grand Prize.
......
2‘85
•49
•52
1-25
•05
•31
1-10
100
!;;!!!!
•gO
6k
12
5k
28
25
28k
•08
Highland Chief
Horn Silver
Horteuse
Hukill
25
10
5
......
1*4*6
1V4*5
350
365
•50
Independence....: 100
20
3k Iron Silver
Kings Mountain.... 10
5
6
30
Leadville Consol.... 10
28 k
f^edfl
Trf'.viatbnn
Lacrosse
.
9
•02
1-45
•25
10
Lucerne
36
Manhattan
10
Martin White
100
70
May Belle
100
10
•15
...10
1-55
Mayflower
Central
25
Contentment Silver 25
$9
25k
2k
$3
Moose
.
S9
$10
.100
Mono
Nava) o
100
New Philadelphia
26
2 k>
2*25
2-35
•25
1-50
•20
•35
•25
N. Y. & Colorado... 20
Nnnud:iy
North Standard
Northern Belle... .100
3-8
14
247
50
25
20
40c.
5 c.
5
3k
3k
Douglas (Me.)
123
101
Duifcan Silver.;
20
Franklin
Harshaw Silver
Humboldt
25
20
15
25
Hungarian
25
75c.
30c.
......
116
750
125
120
Quincy
25
770
Ridge
25
130
Rockland
25
1025 Silver Tslet
25
90
95
•Star.
25
110k 111
iSullivan(Me.>Silver 10
115
115k .Superior
25
1200
1210 \yin(lm>p
°5
278
280
GOLD A SILVER
107k 108
III IN IN G STOCKS
235
250
(N. Y. & SAN. FRAN.)
1225
1.250 Alice
159
\ 1 [ilia Consol G&S.lOl
160
125
Alta Montana
100
550
560
American Flag
10
850
Amie
10
870
1725
Bald Mount
1735
950
955
10(
Bassick
255
275
Bechtel
750
Belcher Silver
800
100
119k 120
Belle Tsle
IOC
197 k 198
Belmont
1335
Best & Belcher
100
13 10
120
Bod'ie
.100
170
175
Bonanza Chief
1
1725
1730 ! Brecon
25
260
1 Buckeye,
-50
5
Ilk
49c.
40c.
34k
5
......
29
2k
6k
......
60c.
South Bulwer
South Hite
50c.
50c,.
Spring Valley
Tel
2-25
•25
•51
10
......
•834
•54
*50
•60
,
*65
Tip Too.
Trinity
Tuscarora
Uuadilla
Union Consol
V. dc W. G
Wales
Wi llshi re
,
•12
310
9
175
•75
......
......
'
.....
5k
•10
*35
5k
•on
*15
*
•30
25
.
.1
10
•40
•35
•25
2 81
•27
305
......
......
100
100
10
•40
•50
.100
•34
1*50
*36
•11
•15
•58
*59
100
.10
....
.
-
1-4C
BANK STOCKS.
BALTIMORE.
Bank of Baltimore 100
Bunk of Commerce 25
Fanners’ &. Mereh
40
Farm ers’&P 1 a,n tnrs’2 5
First Nat. of Balt. .100
Franklin
12k
German American
Howard
1
31
Marino
Mechanics’
10
Merchants’
100
National Excli’gc. 100
25
Second National ..100
Third National....100
1-25 Union.
75
*22 .Western
20
$ Quotation per aliare.
127
15
25
10
Citizens’
Com. & Farmers’.. 100
Farmers’ B’k of Md.30
People’s
•28
1-20
*35
Con
23c Tioga
Chesapeake
2 15
•11
•31
Standard Consol... 100
134 Standby
8
1*80
Smith Bodie
5k
7k
1-65
T
Savage Gold& Sil v.100
12
90c.
40c.
•75
8k
*50
.10
Sierra Nevada Sil\r. 100
Silver Cliff
50
Silver Nugget,
Sir Roderick Dim ..10
.....
39
19
3k
80c.
35*
6
25c.
30
2k
7
25 c.
75c,
5
Rising Sun
3
38 k
18 k
3
70c.
1
10
Robinson Consol..
Sacramento
Santa Cruz
13
50c.
10c.
3k
3k
2
1125
i fu London.
Rappalianock
2k
•50
100
Red Elephant
40
Ik
5
10
Potosi
2k
5
......
Patagonia
22
249
238
35
Overman G. & S.. .100
138 Penobscot
5
Plumas
4k
21k
2-8
12k
25
International Silvor20
25
Manhattan
Mesnard
25
150
160
Minnesota
25
835
825
National
25
10k 10k Osceola
25
86 k 87k Pewabic
25
80
83
Phenix
25
111
Li 3k Pontiac
25
4
16
lk
160k
I Tha purchaser also pays accrued ini.
•21
•50
623s Mexican G, &. Silv.lOO
$1
$7’
Copper Falls..
Huron
•11
l'OO
10
^
1*50
•30
STOCKS.§
Allouoz
...25
Atlantic
25
Aztec
25
Blue Hill /Me.)
10
Brunsw’k Antimony.5
Calumet & Hecia./.25
Dana
Dawson Silver
•70
•25
•62
100
100
50
50
10
17
•28
•27
10
,
La Plata
Little Chief
Lowland Chief
35
240
65
•56
•55
Hibernia
3k
2020
125
1140
207 k
2035
140
1600
170
1000
1*55
Ehi-aVa Omianl
1310
5
Spring Mount. Coal.50
Catalpa Silver
......
......
.
....
St.Charles Bridge,17-Ss
St. L. Bridge & Tim—
Am.B.H.S.M.(Pa.)12k
1
Quicksilver Miu’g.100
do
pref
San Juan Sil. Min.100
8 Raph’l Sil.,Mob, 100
do
pref. 100
Skamokin Coal
25
6k
.
5
6
(St.L)lOO
2-15
6k
1*50
Finn.
......
Marip’sa L.&M.Call00
do
pref. 100
Maryland Coal.... 100
Pennsylvania Coal.50
2-10
50
Consol. Virginia... 100
1 107k
35
27
Monta.uk Gas Coal. 100
New Central Coal
New Creek Coal. ...10
N.Y. & Middle Coal.25
N.Y. &3trai ts. C. &I. 100
Ontario Sil. Min’g.100
10
Granville Gold Co
1
2kl Great Eastern
2k
f
1
4
4k Green Mountain.... 10
1
Hale & Noreross
1 oo
50k> 50k
Harshaw.
Homestako Miu’g.100
Little Pittsburg
Locust Mt. Coal
50
*
*90
100
10
90
•
1 80
•97
*50
IOii
•58
Durango
§ 48
Colorado Coal & 1.100
Consol.Coal of Md. 100
Cumberl’d Coal & 1.100
Deadwood Mining
Excels’r W.&M.Co.lOO
HAN UFACT’ING
STOCKS.
Mariposa Gold L.&M.—
Cons. M., 7s,’86.J&J
Coal.lOi
If
•57
•12
1170
30
25j
Clinton Coal & Tron.10
Mutual of N. Y
100
NTcw York,N.Y.... 100
V. Orleans G. L. ..100
V. Liberties, Phila..25 S
Portland, Me., G. L 50
&"iion—
Coal
2-20
Chollnr
10O
Climax
..10
Consol, Imperial
100
Consol. North Slope
Dunkin
89
iCaribou Con. Miu’g.10
Cent.Arizona Min.100
......
1390
130
1000
163
1125
190
200
•21
Chrysolite
87
York Co. (Me.)
750 1305
COAL & miSCEL,
[TUNING STOCKS.
Buck Mount’n Coal.50
Rnfler Coal
25
Washington, Phila..2G
113
400
62
124
108
18
107
Pilot Knob I.
Harlem, N. Y
50
Manhattan, N. Y
50
Metropolitan, N.Y".100
Municipal...!
100
1
100
Bill wer
Ask.
3-50
50
80
360
16
105
Big Mountain
**
Buldomingo
100
390
60
118
Slade (Fall Riv.)
100 105
Stafford (Fall Riv.) 100 128
Stark Mills (N.II.) 1000 1375
Tecumseh (F. It.). 100
Thorndike(Mass.)1000 950
Tremont&S.( Mass) 100 161
Troy C. & W.(F.R.) 500 1075
Union C.ML (F.R.) 100 185
Union Mfg.(Md.)
107
Bid.
121k Bullion.
1000 2500 2515 Ciil^rlftnin H
Pepperell (Me.)
500 xiooo 1070 i California
85
90
Rich. Bord’n(F.R.) 100
Carl). Hill
850
Robeson (F. ltiv .) 1000
Centennial
Cherokee
130
Sagamore (F. Riv.) 100 125
American
Cincinnati G. &. Coke
Hartford, Ct., G. L..25
Jersey C. & Hobok’n 20
114
Equitable Rl. Ks. mort.
390
Mobile Gas & Coke. 8
1
Central of N. Y
50
13
760
Miscellaneous.
Pacific (Mass.)
Wampanoag(F.R.) 100
Wa shin gt.’n (Mass.) 100
Weed Sew, lVT’e (Ct-)25
Weetamoe (Ft R..)iOrt
Willim’tic Linen(Ct)25
100
f
..
)
6s, R. C., 1896..A&O
Balt. Ons Light 6s
Canton (Balt.)—
£ 6s. g., 1904. ..J&J
Mort,. 6s,ar.,1904 J&J
Un. RR.Ilst, end.,6s.
do 2d,end. 6s,g.M&N
*
185
Brooklyn, L. 1
25
CitizenV, Brooklyn. 20
Metropolitan, B’klyn.
Nassau, Brooklyn .*125
People’s, Brooklyn. 10
Williamsb’g, B’klyn 50
108 k Cbarlest’u ,S.C. ,Gas.25
Chicago G.& Coke. 100
.
Louisville Biidge
380
70
Maid. & Melrose... 100
Newton & Wat’n ..100
Aincr’ii SS.CojPhil.)—
g..
iss
Lowell...!
100
Lynn, Mass., G. L..100
BONDS.
1st, 7s,
150
75
25
100
105
JII1SC’ LLANEO f; s
Colorado Coal
135
.100
Dorchester, Mass. .100
Jamaica Pl’n.MasslOO
65
65
Susquehanna—
Hudson
.
100
81
7sibt&ear’,1915M&N
Del. &
130
160
60
240
Brookline, Mass... 100
Cambridge, Mass.. 100
100
Chelsea, Mass
gohuylkill Nav.—
Chesapeake &. Del
100
East Boston T
South Boston
.T&.T
1010
Gas
Ask.
78
*86
Salmon Fails(N.Il!)300
109 k 109 k Sandw. Glass (Mass.) 80
Shove (Fall Riv.). 100
People’s G.L.of Balt.25
Boston Gaslight.. .500
.
Bontl’n rep- ’85A&O
New mort
nnnn
200
do
certs...
Balt. Consol. Gas
Consumers’ Gas, Balt.
117
Cons.M.,19il7sJ&D
fiA
175
GAS STOCKS.
6s,g.,rg.,’94M&S 110k
Pennsylvania—
100
United States
Del) 68, reg *77 J&D
Louisville & Portl.—
3d mort.r 6s, 1881
4tli mort.,' 6s, 1886
Morris—
100
Farmers’ Loan & Tr.25
Mercantile
100
N. Y. Guar. & Ind.100
N.Y. Lite & Trust.. 100
Real Estate Trust. 100
Union
100
7s,M&8
mort., 6s.. .M&N
do
..
Bid.
Miscellaneous.
.
Brooklyn Trust ....25
Central
Lehigh Navigation—
Q-J
6s,'l,eg., 18£)4
RR. 68, reg., ’97.Q-F
60
30
STOCKS.
James Riv. &JKan.—
1st mort,, fis
M&N
2d
54
25
100
Southern & Atlantic 25
7s, 1884
J&J
Coup. 7s. 1894. A&O
Eeirt 7s. 1894 A&O
1st Pa.D.cp.,7s,M&S
do
Ask.
555
100
25
Interuatiou’l Oc’n. 100
Delaware Division—
Delaware & Hudson—
7b, 1891
J&J
1st ext., 1891..M&N
BONDS—Continued.
Nashua (N. IL)....500 750
Naumkeag (Mass.) 100 121
N. E. Glass iMass.)375
76
American District. 100
American Union
100
Atlantic & Pacific, 25
1
’86 J&J
6s, 1878
Bid.
Miscellaneous.
|
Ar T)plawjirft—
68,1870
STOCKS AND
TEI ECJKAPII
STOCKS.
1st, 78, 1009... .J&J
1 at mort., (is,
OF
fVoi. XXXII,
Explanations See Notes at Head or First Page of Quotations.
CANAL BONDS.
Albermarle & Clies.—
OiAflhn
QUOTATIONS
CHRONICLE,
13
110
31
46
17
113
47
41
•33
8
i’o*5 110
10
9k
Jt)
33 k
40^
*
115t
125
111
21
150
77
29
11%
115
107
.82
30
THE
1881.1
March 5,
GENERAL
Atlantic
I™)
Atlas
Blackstone
100
100
Blue Hill
Boston Nat
Boylston
loo
Broadway
100
Brighton, (Nat.)... 100
Bunker Hill
100
Central
City
Columbian
}00
}00
Commerce
Commonwealth
Continental
..
100
100
.100
100
100
Eagle
100
Eliot
Exchange
Everett
100
100
154
2 30
118
110
130*2
)!
119
Merchants’ Nat.
110*2
)
)
120
118
120*2 121
102
90
100
112
120
149
128
120
124
118
124
145
115.
104
)
)
140
165
114
122
151
129
122
)
102
)
102
100
)
)
Nat.
Howard
100
Manufacturers’.. -100
100
Market
127
109
111
133
120
230.
128
110
103
62*2
137
108
73
118
97
1
120^ 121*2
100
Metropolitan
Monument
Mt. Vernon
Now England
100
....100
114
181
115.
118
L09
183*2
80
98
100
104
112
100 151^
North.'.
100
North America.... 100
50
Old Boston
Pacific
100
133.
118
185
120
152
135
114
Republic
100
Rockland
Second Nat
100
100
100
Security
100
Revere
Shawmut
100
81ioe& Leather.... 100
State
100
Suffolk
100
Third Nat
100
100
Traders’
Tremont
100
Union
100
I2L^
134
152
185
122
120.
128/*
132*2
110
107.
123*2
131.
137*2
100 115*2
100
Washington
Webster
BROOKLYN.
Atlantic (State)
Brooklyn
First National
Fulton...
City National
Commercial
Long Island
Manufacturers'
Mechanics’
Nassau
Brooklyn Trust
CHARLESTON.
B’k of Chas.(NBA) 100
First Nat. Clias.. .100
160
112
220
102
240
95
100
96
180
160
130
Fifth National ....100
First National
100
Hide and Leather
Home National
100
Merchants’ Nat.. .100
Nat. B’k of Illinois.100
Northwestern Nat. 100
Union National. ...100
Un.Stoek Y’ds Nat.100
...
CINCINNATI.
Citizens’ National
First National
Fourth National
German Banking Co..
Merchants’ National..
Nat. Lat. <fe Bk. of Com.
Second National
Third National
ha rtford.
AStna Nat
100
American Nat..
50
Charter Oak
Nat..ioo
Nat
100
Connecticut River..30
Far. & Mech. Nat. 100
First Nat
100
Hartford Nat
100
Mercantile Nat.... 100
National
Exchange.50
Phcenix Nat
1 armors’ of
Ky ...100
larmors’ & Drov.. 100
1 irst Nat
ioo
German Ins. Co.’s. 100
German
joo
124
152
138
116
116
64
140
Ward
50
100
50
Philadelphia. 100
PORTLAND, ME.
1
x57
xl59
*8*6 Casco Nat
100 xl50
rX 150
i First Nat
100(Xl50
75 x!09
98*2 'Terchants’ Nat
xL50
ationnl Traders’. 1(
|
RICHMOND, VA.
24
,1
|j
1
|]
98*2
Nat... 100
|]
103
101*2
1*02*2
j
134
75
138
34
38
128
125
L70
130
79
170
112
12*6”
50
100
40
100
Empire City
Exchange
30
iFarragut
......
50
17
Firemon.’s Trust.... 10
Firemen’s
Frank.* Emp’ium
93
25
Greenwich
Guardian
Hamilton
Hanover
Hoffman
Homo
103
100
100
SAN FRANCISCO.
*ij!
100
15
50
50
100
25
Hope
50
Howard
Importers’ & Trad..50
Exch..100
100
Irving
30
Kings Co. (B’klyn) .20
140
130
150
99
...100
25
|Gallatin National ..50 ’o6”
German American. .75
’Germania
26*2
25
140
7*4
"ire
10
Mutual. 50
1
| Hanover
100
i Importers’ & Tr... 100
Irving
50
146
130
89
123
146*2 147
182*2 183
..100
..ioo
98*2 1
People’s
25
Phenix
20
*
T1
If
!i
I
(
20
(
(
......
100
155
109
150
I
J
I
.
C
I\
3
j
1
\
98
”. ”.
157
City National
;85
;l;jo
{115
{113
{117
;i45
...
Commercial Nat....50
Commonwealth Nat50
Consolidation Nat..30
Corn Exchange Nat.50
Pacific
Park
Peter Cooper
i
.100
C
I
S
140
160
150
155
St. Nicholas
.
52
50
Star
100
Sterling
100
25
Tradesmen’s
25
25
United States
Westchester
10
Williamsburg City..50
90
150
140
100
100
..
......
215
70
|
125
145
1 Pennsylvania Fire 100
75
50
! United
i
Firemen’s
Virginia F. & M
I Virginia Homo
j Virginia State
I
(
I
....50
74*2
I
2;j>
156
8*2
23*8
51*2
65
4*8
x3U*8
MOBILE.
,
70
L14
160
213
205
176
130
140
L10
100
102
L20
190
160
70
150
160
90
160
100
150
205
L13
L03
75
120
60
140
100
160
160
70
145
110
170
170
85
90
120
110
150
110
70
150
110
180
110
220
114
190
105
123
87
70
150
55
125
111
75
115
107
125
103
200
125
120
160
78
160
190
.
226
L20
200
130
92 *2
80
■*
_
GO
117*2
80
112
130
......
*
*33*4
1.22
12
126
......
28*2
|
8%]
25
25
27
27*4
25
34
35
100
100
105
100
110
....
arson
Marine
100
SAN FRANCISCO
65
100
2338 California
100;
53
j Commercial
Firemen’s Fund
100
67
4*4 | Homo Mutual.
31^8 ! State Investment. 10 )
11 Union
IOC
75
li
31*2
24
96
36
23
95
ST. LOUIS.
American Central..25
75*2 ! Citizens’
C
30
RICHMOND.
City
25
Mercliauts’ifcMecli.lOO
28
155
10
10
! Union
27
!
......
50
| Lumbermen’s
275
25
142
275
170
131
268
63
270
23
138
265
163
130
263
60
61
First Nat
193
170
123
130
58
105
205
210
95
100
120
95
105
110
180
155
112
290
60
140
155
83
155
65
112
95
70
140
195
55
108
95
IOO
*1*00
125
^
Fire
Fire Association... .50
1 Franklin Fire
100
Delaware Mutual.. .25
Ins. Co. of N. Am’ca 10
i Ins. Co. State of Pa 200
(
I
J
t
C
1
65
*59*4
PHILADELPHIA.^
! American
LONDON.
64
50
100
100
Republic
Rutgers’
......
.
I
J
84
50
....50
Stuyvesant
140
50
...100
20
C
130
20
People’s
Phenix (B’klyn)
Relief
Spring Garden
108
139
Eighth Nat
100
Farmers’^ Mech. N. 100
Girard National
40
Kensington Nat
50
75
140
110
160
115
\
270
50
25
25
100
Standard
....25
20
25
100
20
20
.....20
.
50
Niagara
60*2 North River
CINCINNATI.
1
t
37*2
N. Y. Equitable
35
New York Fire.... 100
140
116*2 118
140
141
134*2 135
125
127
139
123
146
150
\
100*2 Second National.. 100
Seventh Ward
100
Shoe & Leather. ...100
St. Nicholas
100
100
State of N. Y
Tradesmen’s
40
Union
50
PHILADELPHIA §
B’k of N. America .100
Central National..100
National
New York City
83
c
......
100 {130
& M.100
jK
(B’klyn)....50
Nassau
135
[j
230
108
Mechanics’ (B’klyn)50
Mercantile
50
Merchants’
..50
Montauk (B’klyn).. 50
145
128
87
121
61*2
{12*5*
Nassau
100 1*0*5
New York i
100 142
N. Y. Nat. Exch’gelOO {ioo
New York County. 100
Ninth National....100 {120
North America
70
:98
4Nortli River
50
Oriental
25
Pacific
50
Park
100 152
Republic
140*2 141
1
]
]
Leather Manufts.. 100
Manhattan
50 :i4o
Manuf. & Merch’ts.20
Marine
100 {129
Market
100 ;lji
Mechanics’
25 150
82*2
Mechanics’ B. Ass’nSO
Mechanics’& Tr.. .25 <1103
Mercantile
100 109
Merchants’
50 123
60
12
1
i
25
30
4
50
11
7*4 Long Isl’d (B’klyn).50
25
26% Lorillard
30
Manuf. & Buildors’100
100
7*2 Manhattan
5*8 Mech. & Traders’. ..25
BOSTON.
t_
100
25
Lamar
Lenox
7
100
[Greenwich
Lafayette (B’klyn) .50
INSUR’CE
STOCKS.
BALTIMORE.
RE
;i75
;2io
25 X107
[Citizens’
40
Knickerbocker
135
......
2L5
30
Eagle
109
1
♦110
Merchants’ ExclTgo50
Metropolitan
100
125
100
German-American 100
97*2 *95
50
97*2 100*2 Germania
5
50
Globe
Old.
.
90
70
Jefferson
Eleventh Ward
25 {83
First National
100 700
Fourth National... 100 J118
Fulton
30 ;i30
Fifth Avenue
100 360
105
103
100
185
170
L40
20
City
Commercial
Continental
98
325
219
108
250
140
120
230
106
260
Citizens’
Columbia
ST. LOUIS.
5ii*2!
25
17
Clinton
103*2
j
110
NEW YORK.
25
94
125
1
103*2
Broadway
Brooklyn
131
115*2 118
104*4 101%
106*2 108*2
106*2
106*2 103
102
58
160
151
151
L10
151
|
118*4
108*2
103
..
68
50
West
41
Corn Exchange
East River
130
73
135
98
140
86
119
120
80
96
102
138
99
102
...
10312: 22d
110
184
81
69
59
Lafayette
100
|
91*2
175
117
130
202
LOUISVILLE.
Lank of
KentuckylOO
Bank of Louisville 100
Citizens’ National. 100
City Nat
....100
lalls City TobaccolOO
1*66
Ask.
Hope
■Sixth Nat
30
95
106
130
52
107*2
129
201
150
100
120
152
115
210
100 166
iQ(j ,110
state
62
55
xl08
Merchants’ Mutual
Mechanics’ & Traders’ 106
33
New Orleans Ins. Ass’n
58*4
New Orleans Ins. Co
27
People’s
103
Sun Mutual
110
Teutonia
NEW YORK.
American
50 155
American Exch... 100 105
Bowery
25 195
1
90*2
Butchers’A Drovers25 122
133*2 Central National.,
:
:ii6
i Chase National....
210
126
72
105
100)
Second Nat
Bid.
Factors’* Trad’s’ Mut.
80
85
50
55
Mobile Mutual
70
40
Planters’ & Mercli.Mut
45
90
95
Stonewall
40
45
Wasli’tonFire & M..50
NEW ORLEANS.
Crescent Mutual
xl08^ 110
Factors’ and Traders’. 111*2 112*2
53
Firemen’s
Germania
103*2 104*2
106
108
Hibernia
Home
32% 33*2
129
175
125
122
166
>
122*2
120*2
95
143
116
140
210
100
75
200
125
Insuranck Stocks.
People’s
100
Philadelphia Nat.. 100) 225
...
Grocers’
People’s National. 100
CHICAGO.
Commercial Nat.. .100
Com Exch. Nat.. .100
130
123
136
154
200
30
x
People’s
Redemption
128.
103
103
103
14512 146
NEW ORLEANS.
Canal & Banking..1(
113/*
63^ 64
111!4 1U34 Metropolitan
100 162^ 163
143
141
100
29
139*4 Third Nat
Union Nat
15L%
91
91*2 Western Nat
114
140
Market(Brigliton). 100
120*2
.250!
Massachusetts
240
Maverick
100
Standard.
Mechanics’ (So. B.) 100 128/* 130
100 112^ 113*2
Merchandise
145
Merchants’
100 144^
...
Manufacturers’Nat.25
139
)
115*2
125.
Ask.
i
145*2
126
Bid.
.
MONTREAL
119
125
1124
Bank Stocks.
Mechanics’ Nat....100
| Merchants’ Nat
i
B’k Commerce. 50
| Nat.B’k Germant’n.50
[ Nat.B’kN. Liberties 50
100
! Nat.B’k Republic..100
142
National Security. 100
50
106*4 Penn National
1
25
120
98
>
AND BONDS—Concluded.
*
MOBILE.
124*2
112
138
200
120
123
|
100 131^ 132
100 205.
First National
*104
103
First Ward.... ....100
106. 107
Fourth National. .100
124^ 125
Globe
100
Hamilton....
100
Hide & Leather... 100
101
1
Faneuil Hall
Freemans’
T35
195
118
122
)
)
156
[Ask.
1126
)
BOSTON.
STOCKS
OF
Bid.
Bank Stocks.
Bid. I Ask.
Bank Stocks.
QUOTATIONS
261
CHRONICLE.
35
......
*••••«
•
•
•••»
[Vol. XXXII
CHRONICLE.
THE
262
sity of periodical reductions, if not a suspension of its dividends*
It is believed by your management that if this policy were to
be applied in this country, and especially by the Pennsylvania
4ND
Railroad Company, whose interests are so widely diversified, it
could but result in diminishing its efficiency, and eventually
\TE, CIT V AVI> CORPORATION FINANCES.
returning less dividends to its shareholders It may be proper
The Investors’ Supplement contains a complete exhibit of the at this point, also, to correct the impression, prevailing more
Funded Debt of States and Cities and of th? Stocks and Bonds strongly abroad than in this country, that the revenues of your
of Railroads and other Companies. It u published on the last company, to an unreasonable extent, are devoted to new con¬
struction work, and such outlays charged to expenses. This the
Saturday of every other moith—viz., February, April, June, shareholders may be assured is not the fact. The cost of all
August, October and December, and is furnished without extra new construction work not properly chargeable to the expense
charge to a>l regular subscribers of the Chronicle. Single copies account is each year added to your capital account,—the funds
for this purpose* for the past two years having been obtained
are sold at $2 ver copy.
largely by the sale of such securities owned by the company as*
it was deemed wise to dispose of.”
K JN NT iJ A JL.
REPORTS.
EARNINGS, EXPENSES AND INCOME ACCOUNT.
Inujcstnuents
Pennsylvania Railroad Company.
(For the year ending December 31, 1880.)
The annual report of the Pennsylvania Railroad Company
has just been issued. It shows that the year 1880 wTas one of
PENNSYLVANIA
LINE
AND
PHILADELPHIA.
RAILROAD —MAIN
.
great
prosperity, and the surplus income of
the year, after the
amounted
andof4every
in December,
to $2,817,655.
Sayment
charge, including
dividends
of 3 perTocentthisin
une
expended in the purchase of the com¬
pany’s guaranteed securities, making $3,417,655 as the true
cash surplus of the year over all charges, including 7 per cent
dividends. A summary of the total business of 1880 in tonnage,
should be added $600,000
1877.
TO-
BRANCHES, PITTSBURG
1878.
1880.
1879.
$
$
$
$
14,642,109 15,904,501 17,016,988 20,231,040
77,286
194,336 1 285.016
278,347
3,239,415 3,176,296 3.336,798 4,110,797
First-class passengers
143,857
172,049
216,408
326,348.
Emigrant passengers
313,118
270.563
309,798
351,812
Adams Express
352,152
371,276
314.716
367.198
Carrying U. S. mails
69,358
67,160
75,065
99,742
Miscellaneous-pa sse n ge is.
183,593
165,034
151,399
215,285
Reuts
Earnings—
General freights
Miscellaneous freights
25,987,657
$
$
Conducting trausportat’n. 4,189,253 4,481,428 4,751,993 5,3Z9,345
passengers and earnings, compared with previous years is .Motivepower.
3,098.317 2,950,951 3,235,491 4,003,72$
shown in the following summary:
Maintenance of cars
932,525 1,260,474 1,425,464 1,805,747
Maintenance of way
1,862,786 1,971,503 2,488,729
2,185,486
ALL LINES EAST OF PITTSBURG & ERIE.
General expenses
315,555
365,461
307,167
433,935
1880.
1377.
1878.
1879.Total expenses
GroRS earnings
$ 31,117,146 $31,6:36,734 $34,620,279 $41,260,073
10,751,138 10,921,103 11,751,620 14,051,485
Operating expenees. 19,028,467 18,463,994 20,382,740 24,625,048
Net earnings from operat¬
Net earnings
$12,088,679 $13,167,740 $14,237,539 $16,635,025
ing main line A branches 8,232,317 9,396,036 9,992,007 11,936,171
And interest from invest¬
.'L'. LINE5 DIRECTLY OPERATED EAST AND WEST OE PITTSBURG.
ments (in cash)...
.2,165,862 1,804,845 2,110,933 2,903,669
1880.
1879.
Increase.
Add interest from branch
243,549
241,161
277,916
roads for use of equip’t.
315,720
G:*ossearn’. s, all lines,from lraflic.$70,764,062 $60,362,575 $10,401,486
Gross operating expoLSe.3
42,179,485 35,639,794 6,539,690 Add royalty from M. RR.
71,523
22,083
14,219
& M. Co. on coal mined
Showing net earnings
$28,584,576 $24,722,780 $3,861,795 Add profits from sale of
21,203
6,943
Total earnings
Expenses—
18,983,456 20,317,139 21,743,628
$
$
....
1880
Number of
AU lines—
East of Pittsburg
and Erie
West of PittsDurg
tons.
>
Number of
tons one mile.
Line net earn¬
ings, less payments to car
Add Empire
1879
.
Number of Number of
tons. = tons one mile.
27,399,173 3,292,091,330 24,070,672
22,302,291 2,426,038,735
.*
securities
FREIGHT TRAFFIC.
,
3.061,478,249
20,166,334 2,272,716,185
trust
Add balance of int.
280,005
131,777
23,856
285,/y9
acc’t..
Total
:.10,743,899
Interest, rentals of branch
11,516,904 12,505,205
15,741,922
5,022,725 5,G90,437
Net inc’me Penn.RR. Div. 5,888,309 6,324,464 7,482,480 10,051,485
-1879-1830On the New Jersey Division, the increased cost has been
Number of
Number of
Passengers
Passengers
one
mile.
mile.
almost
equal to the increased revenue. This is largely due
passeng fs.
All lines—
passengers.
to the continued expenditures required to replace in a more
East of Pittsburg
314,260,989
382,787,186 13,602,401
and Erie
16.575,042
269,515,097 efficient shape the temporary structures and old equipment
8,261,565
West of Pittsburg
9,665,994 321,783,885
formerly upon that line. In addition to this, it must be borne
Totals
26,241,036
704,571,071 21,863,966 583,776,686 in mind that upon that division rests the burden of providing
exceptionally expensive facilities for the large volume of traffie
The directors in their report give the following :
concentrated upon it from the main line and your extensive
GENERAL REMARKS.
system of tributary roads, and also as the connecting link
“Up to Dec. 31,1880, there have been paid into the Trust Fund between the two most important cities of the Union, of fur¬
$1,300,000, and securities have been purchased of the par value nishing to the public the highest standard of passenger
of $1,401,850, yielding an interest of 6‘84 per cent per an¬ service.
NEW JERSEY RAILROAD & CANAL COMPANY (INCLUDING BELVInum upon the investment.
As a misapprehension seems to UNITED DERE
DELAWARE RAILROAD AND FLEMINGTON BRANCH).
exist in the minds of some of the shareholders as to the condi¬
1880.
1879.
1878.
T877.r
tions governing this Trust, it may be well to state that the
$
$
$
$
Earnings—
original suggestion, that scrip should be issued to the share¬ General freights
3,868,582 3,661,055 4.894,941 6,385,110
132,338
106,309
131,146
148,669
holders to represent the sums paid therein, was, upon full Miscellaneous freights...
3,653,571 3,513,997 3,645,196 4,101,582
examination by the General Solicitor, determined to be of First-class passengers
60,930
40,816
30,215
30,822
265,093
doubtful legality, and therefore, in the plan of the Trust as Emigrant passengers
235,064
193,373
215,706
Express
136,598
131,128
132,384
116,629
finally approved by the shareholders, March 11, 1879, no pro¬ Carrying U. S. mails
43,298
35,397
34,278
30,145
vision was made which would permit the issuing of such scrip, Miscellaneous passengers
419,430
695,959
702,083
896,569
Delaware
&
Raritan
Canal
as has since been suggested by some of the stockholders.
Of
the amount paid by the County of Allegheny for loss and dam¬
8,960,697 8,398,534 9,784,843 11,544,681
6,227,701 5,502,941 6,500.861 8,215,208
age occasioned by the riots of July, 1877 ($1,600,000), this com¬
pany received $1,322,035, the balance being paid to the western
2,895,592 3,283,931 3,329,473
; 2,732,995
and auxiliary lines, to which it was due. This money has been
192,384
211,239
296,520
221,525
cash from Investments.
appropriated to reimburse the capital account for the impair¬
ment in value resulting from the destruction of your property
2,954,521 3,1.92,112 3,495,221 3,521,857
As some of the shareholders seem to
at the time referred to.
have expected that this monev would be distributed in the
4,437,039 4,328,887 4,435,110 4,557,166
shape of an additional dividend, it may be proper to say that
such action could not be taken, as the sum secured from
939,889 1,035,308
1,482,518 1,136,775
Allegheny County, added to that retained in the treasury
The actual cost of operating the main line in 1880, excluding
through the temporary cessation of dividends, was not equiva¬
branches,
was 51*98 per cent of its receipts, against 51*71 in
loss
entailed
destruction
the
lent to the
by the
of
company’s
1879 ; and including branch lines 54*07 per cent, against 54*05
property and the decrease in revenues resulting from the stop¬
page of traffic. The Insurance Fund shows assets at the close per cent in 1879.
The actual cost of operating the United Railroads of New
.of the year of the value of $736,281.
“It may be noted here that of the 59,149 shares of your stock Jersey, including branches and the Delaware & Raritan Canal,
1880, was 71*16 per cent; in 1879 it was 66*44 per cent.
bought from the City of Philadelphia, and held in trust, 47,443 in The
following table shows the revenue and cost per ton per
shares have been distributed to the shareholders on account of
Totals
49,701,464 5,719,030,065
45,137,006 5,334,194,434
4,855,590 5,192,439
roads, Ac
PASSENGER TRAFFIC.
one
«
-
v
'
L
i
and November last, the premium
upon which, added to the cash dividends then paid, makes an
aggregate for the past year of nearly eight per cent. Special
allusion is made to this matter from the fact that grave excep¬
tion has been taken by some of the shareholders to the policy
of not dividing at each dividend period the entire net receipts oi
the company, the latter being the policy that obtains so strongh
in England, where a considerable portion of your shares is
field, but which in this country has never been pursued without
weakening a railway company and entailing upon it the neces-
the dividends declared in May
mile
on
each division operated by
the company :
All lines
United EEs.
Penn. EE.
Freight.
d branches.
Length of road (miles). 1.120 08
Earn’gsperton per mile. O*bo]00()
Cost per ton per mile..
Profit per ton per mile..
O47400o
O4or>1000
of N. J. &
brunches.
402*04
167mooo
l2miooo
t(HG81000
GENERAL INCOME ACCOUNT
Philo, d;
Erie EE.
287*49
05fiooo
03581ooo
0202,000
cast
Piltsb.
and Erie.
1,809*61
09181000
0540iooO
O'5781000
FOR 1880.
The following statement shows the detailed
of the Pennsylvania Railioad Company for the
income account
1880 :
year
Mabch
5,
THE
1881.]
263
CHRONICLE.
BONDED DEBT.
$10,051,485
1,035,308
Pennsylvania Railroad Division
52
,w New Jersey Division
Net Kiss New Jersey
Balance.
for the year the following
purchase of se¬
Pennsylvania RR— $600,000
Consolidated mortgage bonds redeemed
291,000
Northern Central Railway—One-lialf loss in
operating its Elmira Chemung & Canandaigua
Divisions
27,423
Baltimore & Potomac Railroad—Net amount ad¬
vanced for coupons guaranteed
29,459
Shaniokin Coal Co.—Amount advanced to pay
its coupons
7,000
Philadelphia & Erie RR.—Deficiency in meeting
thin balance of income
amounts have been deducted—
Payments to trust fund for the
curities guaranteed by
The bonds to the amount of $1,000,000, at six per cent, matur¬
ing
January 1, 1881, secured by a mortgage upon the
$9,016,176
Yard property at Philadelphia were extended for a period of
Navy
,
twenty years from
Prom
that date, at five per cent
which yielded a premium to the company.
In order to enabl^the Philadelphia &
interest, on terms
firie Railroad Company
provide for the payment and cancellation of $5,000,000 of
the six per cent bonds* of that company, maturing March 30,
to
the Pennsjdvania
of the Philadel¬
phia & Erie Railroad Company a certain amount of the bonds
secured by its general mortgage, the interest thereon being
reduced from six to five per cent per annum. Of these bonds,
25,574
interest on mortgage bonds
$5,000,000 were guaranteed, principal and interest, by the
Allegheny Val. RR.—Deficiency in meetPennsylvania Railroad Company, and disposed of on satisfactory
in" interest guar, by the Penn. RR...$315,109
terms.
AHvg Val. RR.—For advances made..
17,040—332,150
There are now in the sinking fund for the redemption of the
Suiibury Hazleton & Wilkesbarre Railway—Defleieucy in meeting interest
50,000
obligations
of the various companies forming the United New
Frederick & Pennsylvania Line RR.—Deficiency
in meeting interest
15,000—$1,377,607 Jersey Railroad & Canal Company, securities and cash making
aggregate investment of $1,645,629, for which the Pennsyl¬
vania Railroad will in the future receive bonds to be issued
Showing balance to credit of income account after deduct¬
ing therefrom all payments made during 1880 for widen
under the general mortgage of that company.
company was responsible, and that should be charged
CAR TRUSTS.
against income account
$7,638,569
OuFof which were paid dividends of 7 per cent
4,820,914 The car equipment of your lines, both east and west of Pitts¬
burg, was further increased during the year to the extent of
Tsyivinf amount to be transferred to credit of profit and loss
$2,817,6o5 3,000 box and 2,500 coal cars ; 1,500 of these box cars were
account for 1880
Add balance of amount realized from settlement of old ac¬
upon the western lines, and the residue of the equip¬
counts, and profit on sale of securities
795,220 placed
-.
ment upon those east of Pittsburg.
These cars were paid for
$3,612,875
by the proceeds of the five per cent certificates of the Railway
Add amount to credit of profit and loss, Dec. 31, 1879
4,181,073 Car Trust of Pennsylvania. Similar arrangements h^ve been
with the Pennsylvania Car Trust to provide the means to
Balance to credit of profit and loss Dec. 31, 1880
$7,793,948 made
pay for such additional cars as may be required the present
CONSTRUCTION AND EQUIPMENT.
year. Under the terms of purchase of the property of the
The amounts expended for construction, equipment and real Empire Line, tank car certificates were issued to the amount of
$900,000 to represent the value of the oil equipment bought
estate during the year were as follows:
from that company. There being $531,250 of these certificates
For Construction—
Pennsylvania Railroad
$1,942,804 outstanding July i7, 1880, they were redeemed and canceled.
667,611 These cars now appear in the equipment account at a valuation
United Railroads of New Jersey.
1881, guaranteed principal and interest by
Railroad Company, the company purchased
*
*
an
$2,010,415
equipment—
For
Freight & pass, cars,
Steamboats
Car floats
From which
tools & macliin’y
has been
Pennsylvania Railroad
United Railroads of New Jersey
For improvements and extensions
ing roads
Those west of
504,275— 344,896
760,794
controlled by the company
$4,877,953
of
Against the above charges
the following credits were made:
To Construction—
Pennsylvania RR., cash from sales of property..
$364“
United Railroads of New Jersey, proceeds sale
of property, principally old equipment
191,626
Value of United Railroads of New Jersey stock,
received on account of Harsimus improveni’t.
339,991
To Real Estate—
property sold
Value of United Railroads of New Jersey stock,
received on account of Harsimus improveni’t
Pennsylvania Railroad, by
redeemed to December 31,
outstanding December
COAL
$8,337,000
1880. 3,289,000
31,1830
following tables show the gross earnings, expenses
earnings of the companies named for 1880, as
with 1879
:
Gross
earnings.—*
Susquehanna Coal Co....$2,341,844
Summit Branch RR. Co. 1,028,469
Lvkens Valiev Coal Co..
701,175
Mineral RR. & Miu’g Co. 1,269,762
60,008
760,794—1,372,785
and
compared
1880.
20.000
$5,048,000
COMPANIES.
The
net
above—
Balance, net increase in construction and equipment account
charged to branch roads, as
certificates
Balance certificates
$611,990
By amount
$6,586,500
1,750,500
Pittsburg
Total
Total amount of
$1,020,596
141,250—1,161,84.6
of branch and connect¬
Making a total
east of Pitts¬
The cars
$696,671
73,500
74,000—$849,171
deducted the amount re¬
for equipment
ceived from Allegheny County
destroyed in July, 1877
For Real Estate—
$450,000, or one-half their actual cost.
acquired under tlie trusts on tlie lines
burg represent a cost of
of
Total
Increase
$5,341,251
1,495.737
1879.
Net earnings.
1880. .
1879.
v
$1,559,361 $360,823 $132,854
38,317
969,617
71,771
514,301
48,907 Less 64,159
50,139
802,233 264,814
$157,152
$3,845,513 $746,322
589.169
LINES WEST OF PITTSBURG.
following statement gives the result of the
or controlled by the company west of Pittsburg,
the Pennsylvania Company and the Pittsburg
Louis Railway Company.
lines owned
operated by
Cincinnati & St.
The
$3,505,168 Total earnings of Pennsylvania Company
$18,260,245
The most important items of this construction account were Expenses for same period
9,745,203
follows:
Net earnings
$3,515,041
1. The completion of the elevator and construction of the
From this deduct—
adjacent dock facilities at Harsimus Cove.
Rentals, interest and liabilities of all kinds
6,130,108
v
2. The purchase of additional property on the New Jersey
leased lines.
Net profit on Pennsylvania Company’s lines
$2,384,933
3. Straightening the line through the expensive trap-rock Total earnings of the Pittsburg Cincinnati &
$11,243,744
St. Louis Railway on all its lines
cut
Jersey City.
Expenses for same period were
7,809,234
4. At Philadelphia, completing the docks and piers on the
old Navy Yard property, and the line on the west bank of the
Leaving net earnings
$3,434,509
From this deduct—
Schuylkill River connecting the main tracks in West Philadel¬
phia with the Delaware extension.
Rentals, interest and liabilities of all kinds,
including the net earnings of the C. C. & I.
5. Improving and straightening the main line between Phila¬
C. Railway, paid over to the Receivers
2,661,401
delphia and Lancaster, especially at the point known as the
Net profit on Pitts. Cin. & St. L. Railway Co.’s linos
Valley Creek Bridge.
773,108
6. The largest item of construction expenditure represents the
Net profit on lines west of Pittsburg, as above
$3,158,041
work done during the past year on the Filbert Street extension.
Net profit on liues west of Pittsburg, for 1879
1,824,038
7. The important structure at Pittsburg known as the
Increase in 1880
s
$1,333,953
Hospital Bridge, erected for the purpose of carrying Twentyeighth Street over the yard tracks at that point, has been com¬
The other lines west of Pitt-sbnrg, in connection with which
pleted.
the company has assumed liabilities, or which it controls
The expenditures for account of branch roads were princi¬
through the ownership of stock, bat which are worked through
pally upon the Southwest Pennsylvania Railway, the extensions their own individual organizations, are the St. Louis Va-ndalia
of the Lewisburg & Tyrone Railroad and of the Pittsburg & Terre Haute Railroad, Indianapolis & St. Louis Railroad*
Virginia & Charleston Railway, and in the completion of the St. Louis Alton & Terre Haute Railroad, Grand Rapids &
branch to West Chester.
Indiana Railroad, and roads operated through its organization,
The expenditures for equipment represent the construction of Cleveland Mount Vernon & Delaware Railroad, Massillon . &
fifty new passenger cars, the purchase of the outstanding Cleveland Railroad from October 4, and East St. Louis & Caroncertificates in the Oil Tank Car Trust, and the acquisition of the delet Railway.
1880.
18TO.
tugs andharges of the National Lighterage Company at the
during 1880
as
near
port of New York.
1881 the outlay for new construction and
equipment will probably be quite as great as for the past year.
Additional improvements must be promptly made, and the
properties fully maintained in order to provide for the contin¬
ually increasing traffic, and to meet the activity of competitive
During the
routes.
year
T
wffC.Sat.e.S.r.0.SS Ca.™:nS8. °f. t,1.!8.e.r?:W'8 $6,234,183
4,531,680
Expenses
Net earnings
Deduct rental and
Loss
interest
$L702,503
2,049,166
$346,662
$5,007,413
3,562,907
$1,444,505
2,013,016
$568,510
264
THE CHRONICLE.
1880.
Of this loss 3ronr company is responsible for.
Which deducted from the profit before stated.
1879.
$86 644
3,158,041
$141,762
1,821,088
Leaves a net profit on all lines westof Pittsb’g $3,071,396*
$1,682,326
Showing
a
gain for 1880 of
It will ba noted that the lines west of
to show
a
while
187S.
United N. J. RR. & Canal Co.—
Construction
Sink, fund & redempt’n acct.
Real estate..
Other companies.
Cash balance in Loudon
Cash in bands of
Cash in hands of Treasurer
Pittsburg continue
fe
standing shares of the Pennsylvania Company, thereby placing
the
ownership of the entire capital stock, both common and
preferred, under its control.
It was therefore deemed
unnecessary to continue the distinction between the two classes
of stock, and the preferred was merged into the common. The
Newport & Cincinnati Bridge stock has been transferred to the
Pennsylvania Company, and there was received in payment
therefor $1,000,000 of stock of the latter
company, so that the
aggregate amount of the Pennsylvania Company stock, all of
which is now held by the Pennsylvania Railroad, is
$12,000,000.
To enable the Pennsylvania Company to provide the neces¬
sary means to fully carry out the objects for which it was
organized, a general mortgage to secure bonds to the amount
of $20,000,000, bearing interest at four-and-a-half
per cent per
annum, has been authorized.
These bonds, as they may from
time to time be issued, will be guaranteed,
principal and inter¬
est, by the Pennsylvania Railroad Company, in order to obtain
the utmost advantage from the combined credit of the two
companies. The proceeds of this loan, as it may be disposed
of, will only be used to protect the obligations of the Pennsyl¬
vania Railroad Company and the
Pennsylvania Company, and
to advance their joint interests.
GENERAL ACCOUNT, DECEMBER
Funded debt (as per Investors’
Supplement)
Morts. and ground rents payabje.
Accounts payable, viz:
Balances due other roads
Pay-rolls and vouchers for Dec..
Bills payable
Cash dividend unpaid
Dividend scrip of December, 1873
Sundry accounts duo otber roads.
Securities owned by the United
N. J. Railroad & Canal Comp’y,
transferred with the lease
Equipment of United N. J. RR.
«fcCan. Co.,transfer’d with lease
Fund for t he purchase of securities
guaranteed by the Pennsylvania
RR. Co. under trust created Oct.
9, 1878
Consol, mortgage bonds redeemed
Balance to credit of profit and loss
1878.
1879.
1880.
$
$
68,870,200
68,S70,200
68,870,200
59,452,58 4
1,294,280
58,962,975
1,304,779
$
60,546,367
1,499,937
527,699
2,291,705
950,000
110,571
2,129
394,477
2,787,098
1,893,711
2,955,599
2,590,,L56
3,895,534
3,895,584
3,895,585
3,789,754
3,419,004
3,163,704
1,040,000
127,507
1,893
700,000
4,057,815
343,460
4,181,073
Total
341,090
3,466,948
153,199
1 ’200
1,300,000
634,460
7,793,949
147,139,062 148,983,649 154,256.894
.
218,445
786,890
393,383
5,542,824
263,418
1,026,360
419,734
5,988,248
1,186,956
1,158,936
1,565,767
1,257,771
2,009,087
399,411
i,139,280
o
500,976
8,870,491
1.155,035
1.831,714
3.223,034
1,629,808
147,139,062 148,983,649 151,256,894
Chicago & Alton Railroad.
(For the year ending Dec. 31, 1880.)
The annual report states that the amount of common
stock
has been increased 11,160 shares, sold by the company for
the
purpose of providing additional equipment, and the amount of
bonded indebtedness has been reduced by the cancellation
of
$61,000 of sinking fund bonds. “ Our company has expended
large sums obtained from time to time by the sale of its stock
and bonds for permanent additions to its leased lines and
for
rolling stock used on them. The leases are perpetual, and the
property thus held may be considered as owned, subject to the
payment of annual rent.
By capitalizing at 7 per cent, the
amount of annual rent to be paid in addition to that
repre¬
sented by coupons on the several amounts of bonds before
stated, we arrive at the following result:
Total amount of stock and bonds
$26,588,822
Capital represented by the Joliet & Chicago Railroad, less
$306,000 of bonds
The St. L. J. &. C. RR. (based on last year’s earnings)
The Kansas City St. Louis & Chicago RR., less $3,000,000
first mortgage bonds, owned by our company
The Louisiana & Missouri River RR. (based on earnings of
last year)
The Mississippi River Bridge Co. (less $700,000 bonds)
Total capital account
“
This
sum
1,500,000
5,404,773
1,743,600
2,284,532
300,000
$37,821,727
includes the cost of
bridges over the Missis¬
sippi and Missouri rivers, rolling stock, and all other property
held by our company. If divided by the number of miles of
main line (840 46-100), it is equal to $45,239 per mile. If
divided by the number of miles of all tracks (1,061 53-100), it is
evual to $35,629 per mile. Excluding the cost of the bridges
ove, he Mississippi and Missouri rivers, the remainder, includ¬
ing
other property, is equal to $43,584 per mile of main
line
nd branches, or $34,239 for each mile of track.”
our
,
w
LEASED LINES
.
The earnings on
lease were larger
each of the lines held and operated under
than in 1879. No separate account of the
earnings of the Joliet & Chicago Railroad is kept.
The St. Louis Jacksonville & Chicago Railroad earned
$742,798 in 1879 and $965,768 in 1880; increase, $222,969, or
30 02-100 per
cent.
The Louisiana & Missouri River Railroad earned $317,756 in
1879 and $467,924 in 1880 ; increase, $150,167, or 47 26-100 per
The operation of the Kansas City St. Louis & Chicago Rail¬
road under the terms of the lease commenced on the first day
November, A. D. 1879.
The earnings of the road in 1880
$1,261,991, or $7,742 per mile.
During the last year $1,133,124 was expended-for additional
depot grounds, buildings, side tracks, locomotives and cars, of
which sum $1,116,441 was derived from the sale of 11,160
shares of the common capital stock of the C. & A. Co., and the
balance, amounting to $16,683, was paid from income account.
There now remains on the lines between Chicago and Kansas
City, Chicago and St. Louis, and St. Louis and Kansas City,
onlv 38 38-100 miles of iron rails in main tracks, all of which
will be replaced with steel rails, now under contract, to be
delivered early in 1881. The substitution of steel and iron for
wood in bridges has been continued until very few bridges of
of
were
wood now remain on the lines.
The statistics of traffic, earnings,
for the Chronicle as follows :
ROAD
.
Miles owned.
Total.
339,358
cent.
31.
LIABILITIES.
Capital stock
$
317,455
pas¬
senger agents
marked improvement in their net results, which,
largely attributable to the exceptional prosperity of the
country, is at the same time due to a considerable extent to the
watchful care and good management of the officers to whom
are confided the direct control and
oversight of these proper¬
ties. The Pennsylvania Company, after paying to this com¬
pany, in cash, the interest upon all of its obligations, and a
cash dividend of four per cent upon its entire capital stock, was
able to pay otf and cancel, in addition to the bonds redeemed
through the sinking fund, $1,490,000 of its debentures, and
also provide out of its own resources the capital for the
required improvements and additions to its properties. The
Pennsylvania Company and the Pittsburg Cincinnati & St.
Louis Railway Company continue without any floating indebted¬
ness.
Of the issue of $3,200,000 of Pennsylvania Company
bonds, secured by a pledge of Pittsburg Fort Wayne & Chi¬
cago Railway stock as collateral, $70,000 were redeemed by the
sinking fund during the year ; pending the settlement of the
liability of these bonds for State tax, $11,000 more have been
urchased, which are held by the trustees as a special fund,
caving outstanding $2,901,000.”
During the past year this company acquired the few out¬
Height and
1879.
$
Philadelphia <te Erie RR. Co..
1,389,070
*
The difference net ween tlii3 amount and the. balance shown by the
income accounts of the Pennsylvania Company and the Pittsburg Cin¬
cinnati & St. Louis Kail way Company, is due to the fact that the actual
advances made during the year were $50,956 less than the deficits
shown by the operations of the roads.
“
[Vo*.. XXXH.
Miles leased.
AND
income, etc.,
are
compiled
EQUIPMENT.
365
312
365
312
1879.
389
451
1880.
389
451
677
677
840
156
98
160
98
187
107
840
207
121
3,080
3,281
4,218
5,383
1877.
1878.
ASSETS.
1878.
Construction, equipment and real
estate accounts for the railroads
between Ph la. and Pittsburg..
Cost of bonds of railroads
Cost of stocks of railroads
Cost of bonds and stocks of
municipal corporat’ns, coal com¬
1879.
1880.
$
$
$
58,787,686
30,467,892
50,975,139
25,520,578
27,038,890
31,723,967
63,263,073
23,734,*25
30,742,961
9,103,729
8,237,137
7,355,806
100,000
10,000
133,905
700,000
10,000
29,735
1,300,000
10,000
69,735
792,097
792,315
764,256
panies, canal companies, bridge
companies and investments not
otherwise enumerated
Managers of Trust created
by
Penua. RR. Co., Oct. 9, 1878...
Insurance fund
Morts.Aground rentals receivable
Amount expended for tlie pur¬
chase of anthracite coal lan Is..
Appraised value of securities
owned by United N. J
Com¬
panies and transfer’d with lease
Equipment owued by United N.
J. C'os. and transfer’d with lease
Amur, of fuel & materials on hand
Amount of bills and accounts re¬
ceivable. and amounts due from
other roads, including advances
made to railroad corporations
for oonstruct.on and purchase
of
equipment used on their
lines, viz.:
3,895,584
3,895,584
3,895,585
3,789,755
1,690,033'
3,419,004
3,163,705
2,815,416
1,845,241
Total
operated
...
Licomotives
Pass.,mail <fc exp. ears
Freight ears, all kinds
OPERATIONS AND FISCAL RESULTS.
1877.
1880.
1878.
1879.
Operations—
781,991
1,203,549
860,257
Passengers carried...
843,429
Passenger mileage.. 1 40,743,271 37,797,542 54,219,072 78.270,565
Rate p. pass. p. mile..
2 974 cts.
2*834 cts.
2*419 cts.
2*076 Cts.
Freight (tons/ moved.
1,560,188
1,967,306
3,071,789
2,634,177
Frg’lit (tns) mileage'.211,947,565 248,286,318 402,234,396 481,474,739
Av. rate p. ton. p. in.1*
1 -206 cts.
1*447 cts.
1*054 cts.
1’2^8 cts.
Earnings—
$
$
$
$
1,624,669
Passenger
1,211,852
1,071,104
1,311,708
5,808,484
Freight
3,067,769
3,409,510
4,242,791
254,073
Mail, express, &c
184,722
190,905 c
201,178
Total gross earn’gs.
Operating expensesMaint’nce of way, Sic.
Maini’uce of equip
4,464.343
$
663,015
869,373
4,671,519
$
717,255
952,547
Transportat’n exp’us.
684,473
705,243
Miscellaneous
140,114
140,089
..
Total
5,755,677
$
1.170,338
1,183,136
905,146
155,098
1,528*679
1,168,373
2,515,134
3,049,521
...
2,107,338
.2,156,385
2,706,156
P.c. of op. ex. to earn.
52*79
53*83
52 98
*
earnings
Does not include
Company’s freight.
$
806,141
2,357,003
Net
7,687,225
194, m
*
Q0A
1,501
March 5,
THE CHRONICLE
1881.]
0,411
0,280
0,976
OtiS receipts
1,714
3,034
.’
Total income
2,156.385
2,706,156
173,545
33,000
269,505
2,257,338
2,329,930
$
o28,t>D8
595,125
2,739,156
$
754,913
3,894,906
$
jl,06?;991
....... -
^74,37-
562,751
448,261
865,109
2,000
43.497
30,737
Wo8
”102,175
561,279
155,961
765,776
29,500
771,360
147,418
854,359
102,006
30,737
30,737
2,215,852
2,503,983
2,400,341
2,973,871
ordof.. sur. 41,486 dof.174,053 sur.338,815 aur.921,035
Total disbursem’ts.
d for
1 the
Balance, sur.
The net
*
the
the
tion in
earning of this road ($102,175)
were
dovotod to construc¬
accordance witli agreement.
11 Bacic taxes paid iu 1877, $3,667; do paid in 1878, $303,2G6; do paid
1879, $34,025.
in
ipre-
I
efore
Includes rental of Kan. O. St. L. & C.
GENERAL BALANCE AT CLOSE OP EACH FISCAL YEAR.
8,822
1877.
1878.
1879.
1880.
$
$
13,274,828
$
19,095,603
*
3,008,765
20,222,701
°
3,009,379
Assets—
Railroad, buildings, (18,274,828
eauinment, <&c— )
Construction aoct...
2,543,933
Kan C.St.L.&C.con
323,699
Stocks owned, cost..
717,621
Bonds owned, cost..
277,067
Advances
100,064
Bills & accts. rec’blo.
184,043
Materials, fuel, <fec.,
Casli on hand
101,648
James Robb, Reo’r..
"147.600
T, B. Blacfcstone, Tr.
Tilden & Meyer, Tr.
110,440
0,000
4,773
3,600
4,532
0,000
1/727
issis-
)erty
of
If
it is
2,551,446
2,813,878
316,273
301,000
787,621 *13,273,621
334,755
361,540
198,498
372,670
189,326
528,396
50,668
22,780,943
Total
Liabilities—
Stock, common
Stock, preferred
dges
dud-
Bonds (see Sup’m’t).
Bills payable
All oth’r dues & accts
Bonds canceled..—
L. & M. Riv. bond ac.
nain
nder
the
K.C.St.L&C. con.
Miscellaneous
Profit and loss.
,rned
Total liabilities....
459,721
*3,346,600
111,732
*632,129
728,577
931,495
40,000
147,600
60,439
147,600
60,439
110,440
109,442
25,884,775^27,296,078 29,740,373
$
$
$
10,065,472 10.065,472 10,065,472
2,425,400
2,425,400
2,425,400
8,629,850 11,392,850 11,627,850
144,356
565,000
60.000
326,416
357,812
631,720
598,000
600,000
600,000
439,100
439,100
439,100
ac.
$
106,444
40,000
'147,600
Profit and loss
33
9,
$
150,000
of
nded
stock
“
$
1880.
2,107,338
Kfc::::;:
at of
.
$
1879.
$
3,625,401
lepton debt....-
stock
the
,
1878.
*
DisbursementsRentals paid.. -. ... Kan. C. St. L. & Glue.,
construction aoot..
M94
)
1877.
7'/>r riots—
5,035
3n
ACCOUNT.
INCOME
0,491
‘
39,141
22,780,943
25,884.775
11,566,850
1579,373
950,045
661,000
439,100
973,991
41,664
1,500,410
27,296,078
29,740,373
828,022
39,141
............
87,737
64,612
$
11,181,913
2,425,400
or
*
Includes $3,000,000 Kan. C. St. Louis & Cliic. bonds
U. 8. Trust Co. as security for same amount of Chicago
issued on that line.
56 in
►
per
deposited with
& Alton boud3
$500,000 of Mississippi Bridge bonds held by the company have been
sold, and part of the proceeds added to the income account.
X Includes notes of La. & Mo. R. HR., $311,187.
t
Railtda7
GENERAL
1880
ional
)nnt.
insas
City,
rhich
be
n for
es of
o
lowing
1880.
389
451
840
207
121
5,383
380.
3,540
0,565
will, consequently, be outstanding $3,530,000 in
stock, $3,500,000 in
first mortgage
bonds and Receiver’s certificates, which arc exchangeable
into them, and
$472,500 of income bonds; and thoro will be on hand, for
tne completion of the
road, $1,045,000 in casli and $1,532,500 of first
mortgage bonds, making a total of $2,577,500.
0 eta.
1,788
4,730
61ctB.
Chicago Rock Island
4,668
8,484
4,073
5,401
52'82
& Pacific.—This company reports for
the first nine months of the
present
1880, to Tan. 1,1881,
Railway earnings
7,225
1,824
condensed statement:
“The bonds authorized are $3,500,000; the bonds issued
$1,200,000,
and the bond scrip issued
$225,000, making a total issue of $1,425,000.
The assessment on the scrip
bonds will realize $240,000, and on the
sorip $15,000. The holders of the former will receive the full amount iu
Receiver’s certificates, and the holders of the latter $22,500 in certifi¬
cates and $22,500 in income bonds. The stock
authorized is $5,000,000,
of which the Receiver holds
$1,500,000, leaving outstanding $3,500,000,
of which
$1,500,000 in engraved certificates and $2,000,000 scrip. The
assessment on the engraved stock will realize
$300,000, and on the
scrip $400,000. The holders of the former will receive the full amount
in Receiver’s
certificates, and the holders of the latter
in cer¬
tificates and $300,000 in income bonds. The secured $100,000
indebtedness is
$lo0,000 and the unsecured indebtedness $150,000. The assessment
on each will be
$30,000, for which the fonner will receive income bonds
and the latter now stock.
This will give a total in cash from assess¬
ments of $1,045,000, and will
require the issue of $542,500 in Receiver’s
certificates, $472,500 in income bonds and $30,000 in stock. There
ailed
8,375
i,m
NEWS.
ers
i the
8,679
INVESTMENT
Brooklyn Elevated.—The bondholders and scrip bondhold¬
held an adjourned meeting at which a draft of the
reorgani¬
zation agreement was submitted. It authorizes the
Reorganiza¬
tion Committee to issue $3,500,000 of first
mortgage 6 per cent
gold bonds, $550,000 of income bonds, bearing 6 per cent
currency, non-cumulative, and $4,000,000 of capital stock.
No other lien is to be placed ahead of the two classes of bonds
mentioned unless by consent of three-quarters of those inter¬
ested. The Committee are given full power to
go on and com¬
plete the road. The New York Times' report gives the fol¬
of
1,160
rs,
0,338
265
%
•fiaud
as
department receipts
follows
fiscal
year from
April 1,
:
;
$9,344,000
370,000
East Tennessee Virginia &
Georgia.—A called
meeting of
the board of directors, held last week in
Knoxville,
directed
the issue of a mortgage for $10,000,000, at 5
per cent, to pay
for the Selma Rome & Dalton road,
recently purchased by
this line, and to take up all other indebtedness as it
matures.
Minnesota State Bonds.—Governor
Pillsbury has issued a
notice to holders of the old Minnesota State Railroad
bonds in
which it is stated that—
“
A bill has passed the
Legislature, and received the Executive
approval, providing for the adjustment of the Minnesota State Railroad
bonds on the terms proposed
by a majority of the bondholders to the
Legislature of the State. The bill provides that the State will
pay 50
cents on tho dollar of
principal and interest of the Minnesota State Rail¬
road bonds and coupons,
computed to Jan. 1, 1884, in new
bonds, payable in thirty years, redeemable at tlio election ofadjustment
the State
after ten years, interest at 5 per cent; the first
coupon, maturing July 1,
1884, payable in the city of New York, with the election to the State t®
negotiate new bonds and pay cash instead ; all unpaid claims for
sup¬
plies, &c., not to exceed $15,000, to be paid 50 per cent on claims
proved, and the amounts so paid deducted from tho amouut of new
bonds issued in payment of old bonds issued to the road
which ought to
have paid such claims; all provided that the tribunal
created by the
bill, which is to convene on the 23d March, 1881, shall decide that the
Constitutional amendment of I860, prohibiting provisions for
without submission to the people is void; otherwise, the bill tapayment
be sub¬
mitted to tho people at the next general
election; all holders of Minnesota
State railroad bonds to file their bonds on or before March
23, 1881,
with tho State Auditor, accompanied
by an agreement to accept sa d
new bonds in full satisfaction of old ones
(describing them by number,
etc.), and an agreement under seal releasing the State from alf claims
by
virtue of old bonds. The bill provides for the
payment of interest from
a tax on tho gross
earnings of railroads.”
New York
City & Northern.—The control of this railroad
company, which has recently completed a line of railroad from
High Bridge to Brewster’s, a distauce of 51miles, lias passed
into the hands of Mr. Garrison and others interested in tho
elevated roads. The Tribune reports that, at a
meeting of
directors, the following were chosen to fill vacancies caused
by resignation : G. K. Garrison, William R. Garrison, Arthur
Leary, J. P. Kennedy and George J. Forrest. The former
members of the board who retain their seats
are :
Charles F.
Woerislioffer, R. M. Gallaway, Lewis May, J. F. de Navarro, G.
P. Lowrey and Alexander Hegewisch. Calvin
Goddard, the
present Secretary of the company, was elected a director at the
meeting Friday, but it is understood that he holds the position
temporarily. In effect there are two vacant places in the board,
which are likely to be filled by A. V. Stout and Mortimer Ward.
It is espected that trains will be run across the
bridge over the
Harlem River within two weeks. The materials for the connec¬
tion of the elevated railroad with the
bridge are now on the
ground, and the work of making the connection has been
begun.
Oregon Railway & Navigation Company.—A notice in re¬
gard to the payment of subscriptions to the new capital of this
company—$6,000,000 —was in the advertising columns (f the
Chronicle, February 26.
—As to the extensive improvements and
projected new lines
of the Oregon company, the Walla Walla
(Washington Ter.)
Union says; “We understand that Mr. Villard has
recently
purchased 20,500 tons of heavy steel rail, enough for 225 miles
of road, that part of these rails are now on the
way to Portland,
and the rest will be on the way inside of three months.^ In
addition to this, the Oregon Railway &
Navigation Company
have between Walla Walla and Portland rails
enough for 160
miles of road. It is further reported that the
company have
obtained all the money, some $12,000,000, necessary
to pay for
the speedy construction of their proposed system of roads in
this country. If there is no bad luck, in one
year from to-day
the Oregon Railway & Navigation Company will have in run¬
ning order abroad-gauge railroad from Walla Walla to Portland,
244 miles; from Walla Walla to Colfax, via
Grange City, 112
miles, with a branch to Dayton, 14 miles, while the road over
the Blue Mountains to Baker City will be well under
way, and
possibly a great part of it in operation. Between Walla Walla
and The Dalles, 158 miles, there is about 30 miles of track to be
laid,
on a
bed already prepared, to make through rail
connec¬
tion with that point. When the connection is made, the
gauge
of the track between Umatilla and this city will be changed to
the standard, 4 feet 8}£ inches, gauge. From The Dalles to
Portland there is only 86 miles of railroad to be built, and it is
so located that a large force of men can be
employed in con¬
structing each mile of it, if necessary. From Walla Walla to
Grange City the grade is nearly completed, while the work of
grading the branch to Dayton has been finished. The road to
Colfax will start from some suitable point opposite1! Grange City,
about four miles below Texas Ferry. The road over the Blue
Mountains will start from Umatilla and cross the mountains at
an elevation of over 4,200 feet.
Some five miles of the road
over the Blae Mountains will have a
grade of 110 feet to the
mile. The distance to Baker City from Umatilla is 170 miles.
It is confidently predicted that that road will be completed
by'
J uly, 1882, and that Baker City will be reached by a road two
from to-day."
Steajnslii]*.— In the suit brought by this com¬
$9,714,000
operating expenses
3,003,000 pany to reoover seven quarterly paj'inents upon a contract
Net earnings
under the act of June 1, 1872, to carry the United States mails
;
$4,711,000
vLved
charges
930,000 between San Francisco and China, at an annual compensation of
$500,000, the Court of Claims awarded a judgment in favor of
H
Earnings applicable to dividends
$8,781,000 the company for $41,660, which was the sum due for one
trip
Cieve. Columb. Cincinnati & Indianapolis.—The total earn¬ •f the steamship City of Peking. The United {States Supreme
ings daring 1880 were
$4,440,514; expenses, $3,535,306. A divi- Court holds that the steamship company is entitled to compen¬
ccn
Pa7a^e on Fob. 1* A net surplus remains of $155,- sation under the contract for the six trips made with the
fibO. n?8
The gross
earnings show an increase of $681,546 over accepted steamships, and for one additional trip made with the
l Aul' ari(^
expenses were increased $390,000. The bonded City of Peking.
r|deDt now stands at
$6,270,000.
Pea ns yl vania Railroad,—The statement of the business of
Total earnings
-
years
Pacific Mail
THE
26(5
this company east of Pittsbifrg and Erie, for
shows gross earnings of $3,189,215,
$3,083,551 in January, 1880, an increase of $105,664.
earnings were $1,206,861, against $1,366,298 in January,
a
decrease of $159,437 against $305,304 surplus reported for Jan¬
uary, 1880, showing an increase of $76,235.
The company
all the lines of
states the increase as
est adjustments.
■pte Commercial jinxes.
against
The net
1880,
January, 1881,
$80,712, owing
Vol. XXXII.
CHRONICLE.
probably to certain inter¬
Philadelphia Wilmington <fc Baltimore—Delaware West¬
that the Baltimore & Ohio Company had
ern.—The reports
& B. appear to have been
quite premature. A circular has been issued by a committee
of stockholders in Boston requesting stockholders to give
powers of attorney to said committee to sell at their discretion,
but not under 70. The committee states that Mr. Thayer of
Boston owned only 3@4 per cent of the whole stock, out of 86
per cent owned in Boston. Mr. Enoch Pratt, Vice-President of
the Philadelphia Wilmington & Baltimore Railroad, stated to
reporter that the sale had not been consummated nor could it
be until March 15, the period set for the other Boston stock¬
holders to reach a decision as to whether they will sell at the
purchased control of the P. W.
COMMERCIAL EPITOME.
Friday Night,
The unusual
interest that is shown in
Mountain & Southern.—At a meeting of
the stockholders of this railroad in St. Louis the following Board
of Directors was elected: Henry G. Marquand, Jay Gould,
Henry Whelan, Russell Sage, Joseph S. Lowery, Frederick L.
Ames, John T. Terry, Sidney Dillon, Samuel Shethar, Thomas
T. Eckert, George B. McClellan, Rufus J. Lackland and R. C.
Kerens, the two latter of St. Louis. The stockholders recom¬
mended an increase of bonds to provide means for laying the
balance of the road with steel rails, the capital to be increased
to $35,000,000 and the income bonds of the company, bearing in¬
terest if earned, to be exchanged for 5 per cent fixed mortgage
bonds on a basis of 1(>7 for first preferred and 100 for second
preferred. The Auditor’s report shows that there are no funds
from the earnings of 1880 to meet any part of the interest on
the fiist or second income bonds. Subsequently the Board met
and elected the following officers: President, Henry G. Mar¬
quand; Vice-President, T. T. Eckert; Secretary and Assistant
Treasurer, S. D. Barlow; Treasurer, D. W. McWilliams.
St. Louis. & Southeastern.—An order was entered in the
St. Louis Iron
the
inauguration'of
has somewhat
attention from business matters the past week
The struggle in Congress over the funding bill continued to
disturb the money market and exchanges, and was consequent¬
President Garfield,
which takes place to-day,
diverted public
mercantile circles. There has been a violent snow¬
completely suspending railroad trans.
portation over a wide region. Yet the prospects this evenings
through the removal of temporary excitements and the resumi
tion of railroad transportation, are good for a great and general
improvement of the spring trade.
The following is a statement of the stocks of leading articles,
of domestic and foreign merchandise at dates given :
ly felt in
storm
in the Northwest,
1881.
Mar. 1.
a
price fixed or not.
March 4, 1881.
bbls.
Pork
Beef
bales.
lilids.
Tobaceo, foreign
domestic..
Coffee, Rio
Coffee, other
Coffee, Java, &c
Sugar
Sugar
Tobaceo.
bags.
.-bags.
hints
boxes
bags, Ac.
Sugar
liluls.
lilnls.
Melado
Molasses, foreign.. .
Molasses, domestic..
Hides
Cotton
Rosin
Spirits turpentine
bbls.
No.
.
bales.
bbls
bbls.
..
Tar
Rice, E. I
Rice, domestic
Linseed
bbls.
bags.
.bbls. and tes.
Saltpetre
bags.
Jute
Jute butts
Manila hemp
bales.
bales.
■
1881.
Feb. 1.
2,420
41,226
2,839
32,608
21,577
37,946
1890.
Mar. 1.
53,845-
43,051
67,525
80,654
157,500
25,577
75,600
173,852
7,078
86,472
30,870
34,440
147,313
70.400
48,000
21,383
84.400
6,941
1,004,980
6,941
954,581
602,000
408
1,247
1,420
2,800
2.500
260,500
271
326
3,000
218,300
183,392
7,000
202,851
77,851
3,210
1,199
19,800
2,950
55,700
10,500
2,000
55,400
1.327
48,330
69.801
71,784
3,191
2,141
8,650
2,995
63,474
7,000
3,200
44,500
2,000
566
163,230
286,155
56,574
5,800
1,267
3.450
1,380
None.
11.500
2.135
49.739
21.279
and the course
French Govern¬
United States Circuit Court at Springfield, Ill., on the 25th inst.,
ment in prohibiting the importation of American hog productsproviding that the holders of the overdue bonds and coupons of is greatly detrimental to this market. To-day pork was nomi¬
the St. Louis & Southeastern Railroad must present them for
nal at $15 for old and $16 for new; May options quoted $15 55
payment to the Register on or before August 1, or be barred out. bid and $15 80 asked. Bacon quiet and easy; long clear, 8%c.;
Western Union Telegraph.—The decision of Chief Justice short- do., 8%c.; half-and-half, 8%@8%c. Lard opened a trifle
Sedgwick was rendered on the motion of Mr. William S. Wil¬ under yesterday’s prices, ruled easy, and at the close was very
liams to continue the temporary injunction restraining the unsettled; prime Western on the spot quoted at 10*45@10*47^c.r
Western Union Telegraph Company and the Union Trust Com¬ with sales, to arrive, at 10*35c.; March contracts sold at 1045c.;
pany from issuing certificates of the increased Western Union April, 10’45@l0*47%c.; May, 10’50@10*52%c.; June, 10*52^c.?
capital stock, for the purchase of the two absorbed telegraph July, 10‘57%@10*60c.; seller the year, 10T0c.; refined to thecompanies, and from dividing $15,526,590 among the Western Continent, 10'65c. Butter is quiet and depressed. CheeseUnion shareholders.
The Judge remarks that his opinion quiet at 12@13%c. for prime to fancy factory. Tallow easy atwill be confined to the proposed distribution of the $15,526,590 6%@6%c.
a
'
Rio coffee has been quiet all the week, and has farther de¬
of stock.
As to the other branches of the case, he held that on
the proof there should not be an injunction.
clined to 12c. for fair cargoes; mild grades have been quiet for
most kinds, but there have been large sales of Laguayra, theThe statutes have made provision for increase of capital by telegraph
associations of this k ml. By section 18 of act of April 12, 1818, it is transactions involving no less than' 10,000 bags within the range-1|
lawful for any association of persons organized under the act by their
of ll@14c., the highest quotation generally being 12%c., and of
articles of association to provide for the increase of their capital and of
Maracaibo, too, the sales have been important, though not so
the number of their association. The 24th of the articles of this associa¬
tion provided that—
large, embracing 5,900 bags, with the quotations at 10%@13c.;
Whenever the directors shall determine that it is for the interests of
at the close the market for Rio was steady but quiet, and mild
the company to extend its business by adding to the numbor of wires or
Rice has met with only
conductors upon the line.' aforesaid, or by constructing any line or lines descriptions were somewhat nominal.
moderate demand, but prices have remained steady at the
operate in connection therewith, they shall enter their determination
upon the miuutts at large, and all such additions shall be made by an
quotatiqns of last week. Spices have been quiet but steady.
increase of the capital stock, and in no other manner. The Board shall
Tea has brought steady prices at the auction sales. Raw sugar
tlx the amount of increase necessary for the purposes aforesaid.
has fallen to 7@7%c. for fair to good refining, and business has,
The agreement does not propose to make any addition by means of
that part of the contemplated inciease of capital that is now under con¬
greater part of t he time, been very quiet, though within a
sideration. A comparison of the agreement with the twenty-fourth
day
or two there has been rather more demand, and the tone
article shows that the increase of capital referred to by the former is
of the market has accordingly improved somewhat, without,
not authoi ized by the latte. The article says that the addition for
wire, conductors and lines “ shall l> • made by an increase of the capital however, any advance in prices.
At the close the market was
stock ami in no other manner.” The agreement, however, provides
quiet
Refined
has
been
in fair demand at prices
but
firm.
that the increase of $15.520,599 is to he distributed to present share¬
showing no marked change from those last quoted; crushed
holders to represent the company's investment of earnings in lines,
wires and general plant since Jiny 1, I860.
If a suggestion be made and powdered closed at 9%c., cut loaf 9%@9^4c., and granulated
that if the articles had been obeyed these lines, &c., should have been at
9y£c.
added by the increase of capital stock, and the present intended dis¬
tobacco has been rather quiet. The sales of the
Kentucky
tribution is to compensate the shareholders for the departure from the
week are 650 hhds., of which 500 for export and 150 for home
articles, it may be sufficient at this point to say that the wrong as to the
present or past shareholders is not redressed by delivering to them consumption.
Prices, however, are fully maintained ;*lngsf
shares of the proposed increase of capital stock, inasmuch as that does
4%@6%c., and leaf 6%(a)12%c.
Seed leaf has been more
not take out of the former investment the former earnings that might
active for common and medium grades of Pennsylvania growth,
goue to them in their individual right, but instead of earnings
provision market has latterly been quiet
prices downward. The stand taken by the
The
of
to
a
a
have
with
future right
gives them shares on a capital, undivided, aud
but a
to earnings.
*
*
*
*
*
*
I am. therefore, of the opinion that the Directors have not the power
to distribute the proposed increase of the $15,000,000 of capital stock in
Tirst, because it attempts to
the individual shareholders
are entitle 1, subject to the discretion of the Directors as to the propor¬
tion of earning it may he best to divide into capital stock, which the cor¬
poration has no power to compel the shareholders to receive. Second,
because, upon the present facts, an exchange of the interest of the
shareholders, individually or in tae aggregate, in the investments of
past earnings f.r tin pr. posed shares, would be for less than the nomi¬
nal value of the proposed capital.
*
* .
*
Such part of the injunction as refers to the distribution of $15,526,500
of the increase of capital stock should be continued until judgment in
the action. The motion in other respects is denied.
—Judge Sedgewick afterward ruled that the Western Union
Telegraph Company ca t issue its certificates of indebtedness for
the 48% per cent. Tins, the officials claim, practically accom¬
plishes all that is required to complete consolidation.
—Judge Blatchford refused to grant either of the injunc¬
tions asked by the cable companies against the Western Union
Company.
the manner provided by the agreement.
turn earnings to which, at their true value,
the
200at
quiet. Sales for the week are 1,880 cases, all
of 1879, as follows ; 1,580 cases Pennsylvania, 6@22c.;
cases New England, part at 15@30c., and 100 cases State
private terms ; also 700 bales Havana, 82c. @$1 15.
,
In naval stores trade has been slow and prices have rule!
easier at $1 65 for strained to good strained rosins, and 46c.
spirits turpentine. Petroleum has had a fair export
at 9%c. for refined, in bbls.
Crude certificates close a
steadier at 85%c. bid, after selling to-day at 85c. and at 83AC'
but otherwise
crop
for
movement
trip
dis¬
yesterday. Wool has been more active, and holders are
posed to feel encouraged that present prices will be
Metals are quiet with the exception of lead, which was moreg
maintained.
4,80@4*82%c., and of rails, which were
for iron, to arrive, and $63@$64ior|
English steel. Ingot copper moderately active at 19/4@yAc,|
for Lake. Clover seed dull and nearly nominal at 7%@9 Ac<.; .
Ocean freight room has ruled at irregular and somewn %
easier rates for charter tonnage, the supply of which has in
active at a decline to
demand at $47 50@$50
creased of late.
‘
On
O O T T O N.
March 4, at—
Friday, P. M., March 4, 1881.
Crop, as indicated by
The Movement op the
our
telegrams
New Orleans
Mubil©
the South to-night, is given below.
this evening (Mar. 4), the total receipts
For the week ending
have reached 133 931
bales, against 138,359 bales last week, 146,539 bales the previous
bales three weeks since; making the total
Teceipts since the 1st of September, 1880, 4,670,086 bales, against
4,280,271 bales for the same period of 1879-80, showing an increase
since September 1, 1880, of 389,815 bales.
Florida
Charleston
2,303
Pt.
Royal, Ac.
957
Norfolk
City Point,Ac.
New York
1,866
....
...
....
2,698
3,177
1,594
1,535
1,602
....
....
241
248
....
28
....
....
3,110
2,201
3,116
1,566
3,122
751
712
1,688
847
....
....
314
92
Bostoa
650
coo
1,204
579
707
587
Baltimore
367
157
3
Philadelp’a, Ac.
551
183
615
99
Totals Mils week 25,645
OQQ
20,1-0
12.465
-
•
.
519
....
838
•
•
10,065
1,117
/
.
149
133
....
«
1,202
8!)
....
17,390
•
1,800
20 i
381
441
638
Total
3
153
....
3,250
....
....
510
....
50,305
8,324
7,733
917
188
271
168
6,316
602
Wilmington ....
Moreli’d C.,Ac
16,321
169
136
1,82''
....
3,593
295
....
....
Total.
1,721
2,493
3,585
3,181
....
Fri.
6,597
153
....
Savannah
Brunsw’k, Ac.
1,790
....
....
....
....
2,436
2,612
4,135
1,758
Galveston
Indianola, Ac.
New Orleans... 13,303 16,210
2,6:>8
1,806
Mobile
Thurs.
Wed.
Tues.
Mon.
Rat.
Receipts at—
Other ports
13,668
3,963
2,593
4,327
1,146
2,557
16.505 22,115 133,931
*
•of last year:
Receipts to
This
March 4.
Galveston
Indianola, Ac..
New Orleans
Florida
Savannah
Brunswick, Ac
Charleston
16,324
545,409
6,451
16.-
13,97‘_
34
13,668
594,206
3,96c
184,366
New York
2,53!'
98,805
Boston
4,327
1,146
2,557
115,191
.
Total
62,776
••••••
73.451 4,280.271 860.652 926,331
26,000
Philadelphia, Ac.
......
1;.670.096
519
Baltimore
7,402
21,373
32,630
46,274
■
417,451 104,377
......
109,288
Week Ending
......
......
......
Wilmington...
Norfolk
New York
Boston
Baltimore
Philadelp’a,Ac
Total
Total 1870-80
March 4.
Exported to—
G-rcat
France'
Brit'n.
Charleston*...
Total
Great
nent.
Week.
Britain.
2,410
2.033
7,750
12.232
11,472
7,138
41,860
•
•
•
•
•
•
•
•
•
7,178
1,431
1,130
5,400
10,100
2,040
......
13,167
11,133
2,045
3,812
25,515
47,015
203,031
290.524
57,703
700
14,132
1,517
33,317
102
545
63,081
412,393
874,908
172.563
57,763
07,505
1,517
55,178
206,334
152,013
11,222
175,167
15,209
2,040
1,215
......
309,797
30,892
50,392
1,444
55,519
258.909
2,850
20,345
1,600
......
310
06,491
None.
None.
1,000
97,584
24,427
was
much
buoyancy,
6,006
195.588
57,304
for foreign
an
prices continued to give way, under the burden of large stocks
supplies coming forward, together with a very
and the liberal
opening of the planting season. On Thursday there
feverish market, with frequent fluctuations, and finally
favorable
was
a
some
The advance
decline for the next ciop.
caused by a
Monday
on
was
rise at Liverpool and favorable reports regard¬
To-day the market was de¬
pressed and futures closed about ten points lower. Cotton on the
spot has been more active; the increased business is due, however,
ing the state of trade at Manchester.
to
reduction in values. Quota¬
Wednesday and again on Thursday.
increased demand has been mainly for export.
To-day
more
The
and
liberal offerings
reduced l-16e.
were
was a
some
on
further decline of l-16c., and the close was dull, at
the total sales foot up
export, 2,781 for
transit.
217.994
prepared for
41,488 113,120 1,007,104 388,880
700,479 2,990,403
0,601
34,785 107,407 1,097,041 268.315
004,981 2,570,940
special use by Messrs. Carey, Yale &
Lambert, 60 Beaver Street.
are
626,800
free on board. For immediate delivery
this week 5,804 bales, including 3,023 for
consumption,
—
for speculation, and
in
The follow¬
the official quotations and sales for each day of the
past week:
ing
are
Sat.
Sat.
Mon Tue*
85,«
8616
84a
04a
815ib
015,6 015^ 9*5,6 104a
9tr. G’d Ord 10716 1046 104a 109,6
11
11
114
Low Midd’g 11
11%
11%
11%
3tr.L’w Mid 11%
Middling... nyie 11»I6 11*46 110*16
Jrdin’y.#®)
Strict Ord.
Gtood Ord..
85ja
8*4b
3ood Mid.. 1 2'4
Str. G’d Mid 12%
vlidd’g Fair 13%
13%
r’air
Wed
Ordin’y.$tt>
strict Ord..
84
8%
0%
13%
13%
13%
.
Middling...
Good Mid
12%g
•itr. G’d Mid l-716
Midd’g Fair 131,6
’•'air
131%6
..
Wed
Frl.
Th.
84
8%
84g
8 Wig 84
0l:tl6 0%
105,6 104
lood Ord
G’d Ord 10%
Low Midd’u 101516 10%
Btr. L’w Mid n5ie 114
■<tr.
12%
12%
13%
14%
12*4
12%
124
12%
13%
11
9
10
10%
lOi-Ha 114a
4g
114a
114 <t
11%
n%
1271($
12° 16 121 %6
12*48 13516
1314c 1446
124a
12%
12%
13
13%
Sat.
STAINED.
1b
Good Ordmary....
Ordinary
Low Middling
Middling
Strict G ood
TEXA8.
NEW ORLEANS.
UPLANDS.
Feb. 26 to
March 4.
••••••»
8
9
0%
.......
11
llloil Tue*
8®iG
840
9118
94e
104G 10116
104 6 10*10
114
11%
114
11%
Sat.
iTIon. Tue*
S518
94a
104a
104a
84a
8*16
94b
94s
l(d16 10*16
io'4g 109,6
114
LI %
114
11%
114
11%
lH4e 11*40 lH4a Hl4a 11*46
12%
12%
13%
14%
121*3
12%
12%
13%
14%
12%
13%
14%
Wed
Fri.
Th.
84
8316
814a *%
9140 9%
io4a 1038
11%
114a
1 l7,a
11 %
11*40 11%
9
•
10
10%
12% / 12%
12%
12%
13%
13%
14%
14%
Th.
Fri.
8%
8%
91*16 9%
lO'io 10%
§4
a
814a
11%
11%
114a
H4a
H%
11*4* 11%
12%
12%
134
1246
I27ia
12%
124 s
124a
L2U1G 12%
12016
14
l315l4 144a
1
H4a
114a
-'31 a
1346
Mou Toe* Wed
9%
9%
11
11
14
Th.
7!4g 7%
81^,6 8%
913ie 9%
lOi5^ 10%
8
9
8
9
134
Fri*
7131S
91116
1014q
MARKET AND BALES.
SALES OF SPOT AND
81,037
33,419
10,460
our
delivery for the week
Of the above, 300 bales were to arrive
68,185
In addition to above exports, our telegrams to-night also give
ns the
following amounts of cotton on shipboard, not cleared, at
the ports named. We add similar figures for new York, which
15.100
advance of 17@22 points being made
for this crop and the next, making a less decided improvement.
But the close was tame, and during Tuesday and Wednesday
there
Total.
305.589 1,033,958
70,188
5,769
1,130
5,400
12.070
......
••••••
13,470
Conti¬
nent.
••••••
......
......
France
210,397 32,909
000.967 231,402
50,943
......
......
Sept. 1. 1880, to Mar. 4, 1881.
Exported to—
Conti¬
23,250
•
From
•Includes exports from Port Royal. Ac.
are
662.787
4,600
3,677
......
for the week ending this evening reach a total
of 113,126 bales, of which 53,17 3 were to Great Britain, 16,460 to
France and 41,488 to rest of the Continent, while the stocks as
made up this evening are now 860,652 bales. Below are the
eiporfcs for the week and since September, 1,1880 :
Florida
197,865
6,100
23,109
5,500
11,000
24.815
40,703
48,427
69,701
delivery has been moderately
active, at variable and somewhat irregular prices. On Monday
The exports
Savannah
15,188
None.
bales, including
1880.
1881.
33,623 1,275,140 298,681 320,671
326,022 4(>,615 52,205
3,469
169
19,301
5,086
681,263 77,227 61,072
7,279
3,531
3,635 414,730 55,360 42,167
591
5,190
29,125
2,743
451
72,942
4,701
6,574
455
24,766
1 7,183 480,262 24,299 30,048
525
1,708
115,116
156,023 203,088 290,355
10,21»
175,750
8,555 13,821
3,444
221
14,914 12,120 24.174
398
33,525 14,500 15,480
1,688
Port Royal, Ac
Wilmington
M’hoad City, At;
City Point, Ac.
Sep.
1, 1879.
Week.
751
Norfolk
Since
This
Sep.
1, 1880.
50,305 1,215,116
332,920
8,324
153
19,663
17,390
761,201
4,718
10,065 545,924
Mobile
New Orleans..
Mobile
59,666
6.507
The total sales for forward
Slock.
1879-80.
Since
Week.
Galveston
1,000
72,432
24.800
14.657
28.800
34,676
"7,500
15,000
226,249
5,700
1,250
3,000
1.894
7,000
3,000
ll%c.for middling uplands.
•
1880-81.
Exports
from—
354
1,600
6,900
9,850
6,300
The market for cotton for future
there
same
28.060
11,200
Included in this amount there are 1,000 bales at presses
items for the corTesponding periods
to-night and the
Stock.
Total.
ports the destination of which we cannot learu.
comparison, we give the following table showing the
week’s total receipts, the total since September 1, 18S0, and the
stocks
Foreign
Leaving
Coast¬
wise.
^
tions
For
Other
Ft'ance.
34,168
unarleston
Savannah
Salves ton
New York
from
week and 133,723
Oreat
Britain.
Shipboard, not cleared—for
SPOT MARKET
CLOSED.
Ex¬
port.
Con-
Speo
sump. tU't’n
TRANSIT.
Tran¬
Total.
sit.
FUTURES.
Sales.
■
Deliv¬
eries*
'
Sat.. Dull
Firm
Mon
206
.
430
397
867
Cues. Steady
Wed
Steady at 4«dec. 1,029
rhors Easy at 4e fiec..
Fri.
Q’t A st’y,4a dec 927
592
3,023
2,781
.
....
415
502
445
....
500
430 79.700
597 154,600
400
1,459 92,900
1,444 106.700
2*200
300
7 4800
2.600
1,372 115,100
1.300
5,S04 626.800
7.300
502
.
rotal
The dally
....
deliveries given above are actually
which they are reported.
vlous to that on
delivered the day prtiw
add the item of exports
by the follow¬ complete figures for to-night (Mar. 4), we
it the exports of
Futures are shown
The Sales and Pricks of
rvou xxsn.
(CHRONICLE.
THE
268
ing comprehensive table. In this statement will be found the
only:
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales:
Stock at* Liverpool..
....baiee.
Stock at London..
nhjopz
o2.£g*
®«g
i'jw
® a
c
&
flToa
® ra
ISgf
35
o ®
g
QSffS
3.E”
o
0D
® M*
CJ
tr® ® p
d
05 -
Vd
C*
p <n-£0
B.|S
p.e-p
£* &
EE-!?
^
®
Total Great Britain
® ®
S' »
^ O'*
a
S83
—
E£§
p
”
:
c*
etopk
.
Stock at Havre
Stock at Marseilles
gfj
ctd®
£*2
CO
•
n
-5
3.£5
2
o
®
80
:
M
s-h^p a
<x> &
tr® ® p
® o
tO
Stock at Barcelona
R
Ly
as?
«"<Q R
fic<* 2,
C
.
-jo
“©
.
«j c
<T>
•
■o"
00 ©
:r
^ho»5
‘
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CD
<1
-1
M
ft a
^
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Stock at other
^
u
CO
MM
MM
CO to
o<x>
COCO
00-1
MM
to to
►oto
tc to
MMO
MM©
MMp
COCO©
MM©
MM©
to
M -'I
CK)
►-Mqo
HHQ
K)00©
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MM
M
MMp
*
t-i
00
ww
COCO
M M
M^tO
| ©©
CIM^O
oirf^ro
-JO'CO
I ©J*
to©
W
MM©
Mi—
MMW
HHQ
tOW©
COM©
MC°
C- CO
occo
MM
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COCO
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CClPtO
| ©>
MMW
MMW
O’O'©
•M
884
420
237,454
129,207
263,000
388,250
993,154
163,000
626,000
23,000
677,553
881,750 1,061,500
154,000
116,000
585,000
663,000
41,000
21,000
771,640
715,640
112.101
103.303
9,000
22,000
..
Europe.
..
Liverpool stock.
Continental stocks
American afloat for Europe....
United States stock
United States interior stocks..
United States exports to-day..
I ©<»
MMp
1,080
130,117
542.039
161,387
35,280
922,384
172,661
24,000
3,000
860,652
Americans—
CM
55)
I ©**
I ©©
HHo
M-oi
3
ti
2,854,193 2,493.034 2,522,693 2
Of the aDove. the totals of American and other descriptions are as
MM
UK)
35,750
Total visible supply
-i
c*
(D(D
MO'
22,500
42,750
8,500
3,500
'
&
1 ©<»
! ©©
L-i
M
ports....
Total continental
interior ports...
United States exports to-day..
►-►-bo
H
8,500
28,747
3,500
15,210
28,300
1,002
6,000
Egypt,Brazil,&c.,aflt for E’Fpe
i
M M to
M M ^
4,500
1,182
2,346
Amer’n cotton afloat for Europe
OO M
MCDm
1 ©©
1 ©w
I
*■*>”‘00
8 §
MM
M M
1
M
00
M M
MM
MM
co
M
O
co
a
M M
673,250
256,500
5,000
23,250
? a
©;
M M
M M
618,750
143,750
1,500
30,000
48,500
6,910
Stock in U. B.
M «—
548,316
MMQ
COM©
CD M
537,000
185,000
626,000
860,652
164,387
24,000
504,000
310,000
585,000
922,384
172,661
3,000
715,640
771.649
112,101
103,303
22,000
OC-lp
I ©O
M M
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to «j
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M M
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mmo
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H- H* o
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h-* »-*
M M
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© ©
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M -J
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M M
M M ^
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<100
M©
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M M
M M
M M
M
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C ©
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9 1
CC
CC
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00 o
1 ©
99©
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CiCi
M O'
1 ©:
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10
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99©
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.
o
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d
1
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9!1 :
©0D
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dd
tow
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99
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§
1 1
*
Includes for December, 1881, 500; also sales in September
tember, 621,400; Sept.-Oct. for Oct., 946,500; Sept.-Nov.
762,100; Sept.-Dee. for December, 1,464,500; Sept.-Jan.
2,588,900; January for January, 1882, 300.
Transferable Orders—Saturday, 1130; Monday, 11-45;
Wednesday, 11-35; Thursday, 11*35; Friday, 11-25.
for Sep¬
for November,
for January
Tuesday, 11*40;
Short Notices for March—Saturday, 11-22® 11*25; Monday, 11*36®
11*40; Tuesday, 11-37; Wednesday, 11*33; Friday, 11-26.
The following exchanges have been made during the week:
*40
*40
*12
pd. to exch. 500 Apr. for Aug.
pd. to excli. 100 Oct. for Sept.
pd. to exch. 200 May for June.
The Visible Supply of
Continental stocks
rndia afloat for Europe
Egypt, Brazil, <fcc., afloat
Total East India,
Total American
:
00
•11
*G8
•25
East Indian, Brazil, die
Liverpool stock
1 ©:
1 ©
w
w
b
I I
00
w
1 ©
1 ©
?
•1
’1
116,000
23,000
35,280
21,000
457,154
328,950
366,750
412,500
pd. to exch. 200 May for Jane.
pd. to exch. 500 Mar. for Apr.
pd. to exch. 200 Apr. for June.
Cotton, as made up by
2,155,943 2,321,750
2,854,193 2,493,034 2,522,693
63sd.
7%d.
5&16d.
2,734,250
cable and
<fec
—
174,000
44,700
52,454
163,000
23,000
135,000
27,346
1,207
130,117
35,280
1879.
427,000
225,000
663,000
715,640
165,619
22,000
129,000
62,750
38,000
116,000
21,000
457,154 32S,950 366,750
2,521,198 2,284,702 2,218,259
$
m
159,000
10.250
48.250
154,000
41,000
412,500
2,402,114
Total visible supply
2,978,352 2,613,652 2,595,009 2,814,614
Last yeai’s statement has been corrected, as some of our
figures failed to reach us by cable a year ago, as was stated in
IW"
-
time.
The imports into Continental ports
the Chronicle
at that
18,100 bales.
These figures
this week have been
indicate an increase in the cotton in sight to¬
night of 364,700 bales as compared with the same date of 1880, an
increase of 393,343 bales as compared with the corresponding date
1878.
receipts
and for the
the following
increase of 163,738 bales as compared with
At the Interior Ports the movement—that is the
and shipments for the week, and stocks to-night,
corresponding week of 188(1—is set out in detail in
of 1879 and an
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
fbr the Continent are this week's returns, and consequently
statement:
brought down to Thursday evening; hence, to make the totals the
130,117
in the preceding table.
1881.
1880.
bales 537,000 386,000
London stock
00
MM
1
163,000
159,000
10,250
48,250
154,000
41,000
62,750
38,000
1878.
504,000
Continental stocks
185.000 128,000
340,000
626,000 542,039
American afloat to Europe
585,000
United States stock
860,652 922,384
771,649
United 8tates interior stocks.. 288,546
303,279
192,465
United States exports to-day..
24,000
3,000
9,000
Total American
2,521,198 2,234,702 2,218,259 2,402,114
Liverpool stock
M M oo
ccab©
129,000
sight
date of 1880,
in¬
In the preceding visible supply table we have heretofore only
ncluded the interior stocks at the seven original interior towns.
As
did not have the record of the new interior towns for the
four years, we could not make a comparison in any other way.
That difficulty no longer exists, and we therefore make the fol¬
lowing comparison, which includes the stocks at the nineteen
towns given weekly in our table of interior stocks instead of only
the old seven towns. We shall continue this double statement for
time, but finally shall simply substitute the nineteen x>wns for
American—
CD CD©
a c
9 |
■V.J '
1 ©
El
The above figures indicate an increase in the cotton in
to-night of 371,159 bales as compared with the same
an increase of 331,500 bales as compared with 1879 and an
crease of 119,943 bales as compared with 1878.
the seven towns
MM©
M O'
supply
Liverpool....
a
CO©
00 00
MOO
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r- r—4
O' O'
M
©6©
©©
M
1 ©
M M
r;|
we
M M
M C
M
M M
99
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w ©
it CO
£
W©
M
©©
MM©
M M
©©
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MM©
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-
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I ©M
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to
Price Mid. Upl.,
MMO
MMM
MM0
M M
135,000
27.346
1,207
2,397,039 2,154,084
Total American..
MMm
coc
r-
2,321,750
174,000
44,700
52,454
MM©
HHQ
i ©r*
’4^
9,000
—
Continental stocks
M M O
1 ©lv
Indian,Brazil, die
rl
l ©r
OCCO
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8 8
MMQ
1 ©t«
MM
MM©
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1 ©©
GC -J
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to
©.©
©.©
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1 ©:J
East
M©M
MM
©->
to
©c
OC 00
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©
-1-j
©.©
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©-•1©
5
-j-j
M M
©
©
cc
M
©
M
MM
CC
cc
©
©
©
MM
M M
MMt,
to
©
M M
M
MMm
M
©
c
COCO
M
MMO
M M
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aoto
M —'O'
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d-j°
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....2,397,039 2,154,034 2,155,943
Total American
j
I ©«
MMO
oo to
Q
8
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cf.d©
toco*
MMW
M M
MM
M
Mmo
MMp
I ©«
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follows:
427,000
225,000
663,000
128,000
542,039
1
,734.250
386,000
MM
M M
.
conti’ntal ports.
Stock in United States ports
M M
755,700
129,000
4,580
29,300
'
CD
©
©:
1878.
663,000
10,250
Stock at Amsterdam
India cotton afloat for
©:
1879.
556,000
62,750
36,750
10,500
6,500
5.500
Total European stocks..
©
1980.
521,000
27,346
31.900
Stock at Antwerp
f
1881.
5,000
29,800
Stock at Rotterdam
**.
F
711,000
44,700
Stock at Bremen
Stock at Hamburg
fl*■ ^
Friday
lading in
from the United States,
n
March
THE CHRONICLE.
5,/1891. J
Weekending Mar. 4, '81.
Receipts. Shipm’ts
Augusta, Ga
Columbus, Ga...
Maoon, Ga
Moutgom’ry,Ala.
3,639
1,715
4,834
3,902
644
623
1,209
1,812
Stock.
20,815 172,661
Total,old ports..
25,533
25,518 164,387
Dallas, Texas*
Jefferson, Tex...
750
1,441
1,777
2,925
2.384
1.678
11,752
6,707
6,279
1,039
8,327
6,939
3,131
Atlanta, Ga
Rome, Ga
Charlotte, N. C..
Louis, Mo
Cincinnati, O....
2,135
1,926
1,225
8,246
6,225
Total, new ports
Total, all
220
250
1,411
1,890
1,147
989
477
-
1,065
400
964
3,245
156
281
187
836
22
2,767
600
12,252
4,757
2,277
2,767
1,243
10,233
4,345
791
103
121,558
9,121
500
715
931
265
3,873
1,606
120
1,491
44,336
9,879
8,318
11,180
9,453
10,778
76,573
32,776
28,400 124,159
25,728
32,489 130,618
58,309
53,913 288,546
39,611
53,304 303,279
St.
*
619
196
780
531
4,900
Shreveport, La..
Vicksburg, Miss.
Columbus, Miss.
Eufaula, Ala....
Griffin, Ga
807
534
864
Stock.
13,883
11,05S
2,299
737
530
470
Receipts. Shipm’ts
9,361
1,502
990
15,334
2,241
572
.
14,253
15,365
3,365
1,259
7,533
1,639
3,953
14,314 113,597
990
14,595
Memphis, Term..
Nashville, Teim.
..
ending Mat 5, ’80.
25,136
18,720
8,422
10,606
7,133
83,403
10,967
751
Selma, Ala
Week
2,290
1,225
6,219
5,980
11,313
Estimated.
The above totals show that the old interior stocks have in-
creased during the week 15 bales, and are to-night 8,274
bales less than at the same period last year. The receipts at
the same towns have been 11,650 bales more than the same week
last year.
:
Receipts
Plantations.—The
following table is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one year
from
the
than another, at the expense of
|
269
Dallas, Texas.—We have had no rain the past week. Farm
pushing. Wheat looks well. Average thermometer
61, highest 80 and lowest 35. During the month of February
work is
the rainfall reached five inches and
eighty-five hundredths.
Brenham, Texas.—We have had no rain the past week.
Plowing is progressing. The thermometer has ranged from 45
to 80, averaging 62.
Rainfall for the month of February three
inches.
Waco, Texas.—We have had no rain the past week. Plowing
preparations are progressing vigorously. Aver¬
age thermometer 60, highest 77 and lowest 36. Rainfall for the
month of February three inches and fifty hundredths.
New Orleans, Louisiana.—Telegram not received.
Shreveport, Louisiana.—The weather has been fair to clear
and dry the past week. The roads are in
very good condition.
Average thermometer 56, highest 81 and lowest 37.
Vicksburg, Mississippi.—It has rained on one day the past
week and the balance has been pleasant.
Columbus, Mississippi.—We have had an unusually severe
storm the past week, the rainfall
reaching three inches and
sixty-seven hundredths. The thermometer has averaged 42,
ranging from 31 to 52.
Little •Rock, Arkansas.—Saturday and
Wednesday of the
past week were cloudy, with rain on Saturday; the rest of the
week has been fair to clear and pleasant. The rainfall reached
forty-two hundredths of an inch. Average thermometer 48,
highest 75 and lowest 26. During the month of February we
had rain on nine days and snow on three
days, the rainfall
reached five inches and fifty-seven hundredths. The thermometer
ranged from 16 to 71, averaging 39.
Nashville, Tennessee.—It has rained slightlv on three days
the past week, the rainfall reaching
thirty-six hundredths of an
inch. Planters are sending their crop to market
freely, so as to
prepare for planting. Average thermometer 47, highest 68 and
and other crop
the interior stocks. We reach,
safer conclusion through a comparative statement
like the following. In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of the
lowest 29.
weekly movement from the plantations of that part of the crop
Memphis, Tennessee.—It has rained on four days the past
which finally reaches the market through the out-p©rts.
week, the rainfall reaching one inch and five hundredths. The
thermometer has ranged from 30 to 69,
averaging 51.
RECEIPTS FROM PLANTATIONS.
Mobile, Alabama.—We have had a severe rain on one day,
and it was also stormy on one day the
early part of the past
Week
Receipts at the Ports. Stock at Interior Ports Rec’pts from Plant’ns.
week, but the latter portion has been clear and pleasant. The
ending—
*78-’79. ’79-80. ,80-’81. ’78-’79. ’79-’80 ’80-’81. ’78-’7P. 79-’80. ’80-*81.
rainfall reached two inches and sixty-two hundredths. The
thermometer
ranged from 39 to 71, averaging 58. Rainfall for
Dec. 17
204,882 218.907 23S,490 280,957 343,503 294,224 226,710 244,942 267,438
the month of February eight inches.
24
199,931 207,601 237,980 294,281 304,926 310,015 213,305 229,024 253.771
31
143.155 154,306 190,435 281,034 355,943 321,225 130,508 145,323 207,645
Montgomei'y, Alabama.—We had rain on two days the early
7
Jan.
121,091 149,486 110,735 253,047 349,859 300,509 93.104 143,402 90,019
part of the past week, and the latter portion has been clear and
14
113,613 129,489 129,604 233,236 352.383 277*359 93,202 132,013 106,454
pleasant, but cold. The rainfall reached one inch and forty21
148,618 168,230 138.879 218.585 358,074 274,293 133,997 173,971 135,813
three hundredths. Crop preparations are active and
progressing
28
167,097 137,191 125 070 220,935 361,880 273,505 169,447 140,997 121,342 well.
The thermometer ranged from 36 to 75,
averaging 56.
Feb. 4
171.608 112,363 147,129 214,117 357,916 282,489 164,790 108,399 156,053
Rainfall for the month of February seven inches and six hun¬
11
150,841 119,854 133,723 190,705 345,975 279,523 127,489 107,913 130,757
therefore,
a
....
)l
• «
ft*
1
II
»ft
11
It
18
23...,.
Mar.
4
134,32;? 115.307 140,539 182,246 327,084 278,768 125,809
110,047 102,995 133,359 170,438 310.972 284,155 98,239
83.260 78.431 133.931 165.619 303,279 288 540 78,447
The above statement shows—
dredths.
96,410 145,784
92,883 143,746
64 758 l2P,r>40
Selma, Alabama.—We had rain on one day the past week,
but the balance of the week has been pleasant. It is now
turning
cold.
Madison, Florida.—Telegram not received.
Macon, Georgia.—We had a slight shower on Sunday of the
receipts from the plantations since Sept. 1 in
1880-81 were 4,916,889 bales; in 1879-80 were 4,576,249
past
bales; in been week, with .scarcely any rainfall. The rest of the week has
pleasant. Planting is making good progress, and a great
1878-79 were 4,079,797 bales.
deal of guano is being sold. Average thermometer
55, highest
2. That, although the
receipts at the out-ports the past week 73 and lowest 33.
were 133,931 bales,
the actual movement from plantations was
Columbus, Georgia.—It has rained lightly on two days the
only 129,540 bales, the balance being taken from the stocks at the past week, the rainfall reaching fifty-six hundredths of an inch.
The thermometer ranged from 41 to 72,
interior ports. Last year the receipts
averaging 56. Rainfall
from the plantations for for the month of
February eight inches and seventy-three
the same week were 64,758 bales and for 1879
they were 78,447 hundredths.
bales.
Savannah, Georgia.—We have had rain on two days the
past
week and the rest of the week has been
Weather Reports by Telegraph.—Our telegrams
to-night rainfall reached sixty hundredths of an inch. pleasant. The
Average ther¬
^ow that the weather still continues favorable at most
points in mometer 58, highest 74 and lowest 39.
the South. With the
Augusta, Georgia.—It was showery on three days the early
exception of storms in a few districts, the
*ains have been light. Farm work still
progresses favorably.
reaching
ninety-one
redths of an inch ; the rest of the week
has been
cloudy, hunwith
Galveston, Texas.—It has rained hard on two days the past cold winds.
Average
thermometer
55,
highest
74,
lowest
38.
week, the rainfall reaching one inch and thirty-nine hundredths- Rainfall for the month of
February
three
inches
and
ninetyThe rain was confined to coast belt. In the State "
generally the eight hundredths.
weather has been favorable, and
Charleston, South Carolina.—It has rained on two days the
preliminary farm work is pro¬
week, the rainfall reaching sixty-eight hundredths of an
gressing rapidly. Average thermometer 61, highest 70 and past
inch. The thermometer has ranged from 38 to 70,
averaging 50.
owest 50. Rainfall for the month o* **
bruary eight inches and
Jute Butts, Bagging, &c.—The market has been
quiet, and
thirty hundredths.
little business has been transacted. A few
are reported
Indianolat Texas.—It has rained hard on one day, but ex¬ for small parcels, but large lots are hard toinquiries
move, except at low
tended only a short distance inland. The rainfall reached one figures, and these holders are not
willing to accept. Prices are
inch and
forty-six hundredths. Farm work is progressing favor¬ easy, and the market closes at 9Mc. for 1% lbs., 9%c. for 2
ably. The thermometer has ranged from 53 to 75, averaging 63. lbs. and 10%@llc. for standard grades. Butts have con¬
tinued to sell, and prices show no change. The transactions
For the month of
February the rainfall was four inches and for the past month, here and in Boston, aggregate 20,000 bales,
twenty-three hundredths.
part spot and part to arrive, at 2 7-16@2%c., as to quality. At
Corsicana, Texas.—We had drizzles on one day the past the close the market is steady at 2%@2%c., the latter for a
week, the rainfall reaching only two hundredths of an inch. prime grade.
The weather is favorable and
Overland Cotton for February.—In our editorial columns
farmers are active. Average ther¬
mometer 61,
highest 80 and lowest 35. Rainfall for the month of to-day will be found our overland statement and other figures
February three inches and fifty-seven hundredths.
and facts which we usually give in connection with it.
1. That the total
Sart of the past week, the rainfall
Comparative
Daily Crop Movement.—
Port Receipts and
not accurate,
of the
standing
comparison of the jiort movement by weeks is
the weeks in different years do not end on the same day
month. We have consequently added to our other
tables a daily and monthly statement, that the reader
constantly have before him the data for seeing the exact
movement for the years named. The movement each
since September 1 has been as follows:
A
as
shipments since January 1 show an increase of 23,000 bales.
The movement at Calcutta, Madras, Tuticorin, Carwar, &c., fcr
the same week and years has been as follows.
OVICUTTA. MADR
TlinnORIN. CARWAR. RANGOON AND KURRACHEK. ‘
may
relative
month
:$
:S;
Tear
Monthly
Receipts.
Ootober..
f fj'1
November 1,006,501
Deoemb’r 1,020,802
57 L,701
January .
572,728
February.
::fjV
Total year 4,593,528
Pero’tage of tot. port
reoeipts Feb. 29...
779.237
893,661
618,727
566,824
447,918
639,610
236,86*
673,260
901,39787,769
500,630
472,051
449,686
98,491
578,533
822,493
900,119
283,848
689,261
333,643
883,492
942,272
956,464
647,140
458,478
968,31«
Sept’mb’r
1875.
1876.
1877.
1878.
1879.
1880.
1.
Beginning September
169,077
610,316
740,116
821,177
637,067
479,801
Tot.Ju.31 4,025,800
Feb. 1...
“
2
44
...
3...
44
4
44
5
44
6
..
44
12
44
..
13
44
...
23,999
S.
27,674
31,438
12,915
13,057
29.038
17,632
S.
25.523
34,476
19,174
22,370
21.048
14
15
44
16
..
...
S.
28.391
10,070
20,967
29,599
S.
10 052
26,903
23,261
20,075
11,800
19,886
’
44
15,100
23,729
33,564
17,049
...
S.
27.9 58
15,2)8
15,532
21,92 »
11,28
13,721
....
22,806
20,354
9
11
24,175
19,795
20,765
23,48*.
10
16,653
8.
8...
44
25 63 4
22,580
7....
...
28,732
25,353
18,075
21,769
44
44
23,378
35,51)
20,000
22,313
36,304
S.
...
S.
22,487
23,011
S.
26.031
...
3,101,969 2,977.753
23,169
22.9(52
28,495
44
44
3,768,011 3,269,740 3,039,246
13,579
23,239
S.
13,243
17...
20,037
13,058
33,559
S.
18....
39.774
44
19...
17,936
14,380
21.991
30,231
10.474
44
20....
8.
23,320
11,730
19,408
21....
26.277
44
44
44
...
S.
13,2981
14,837
14,650
20,245
S.
14,219
28,470
20,278
11,408
16,003
20,960
24,159
22..
15,760]
44
23....
44
24
...
16,873
22.963
...
39,510
...
25,645
18,634
10,623
10,951
21,964
S.
13.805
16.616
36,728
14,109
19,941
44
44
25
44
26
44
27....|
44
28....
44
8.
29,017
alt Europe
Total
8.
27,614
20,474
19,530
11,673
18,017
16,948
16,031
16,235
8.
19,420
18,071
11,793
7,329
18,965
8,896
years up
Mar. 1
—
44_ 2
...
3
13,396
13,2 ?3
12,797
S.
of the
4
22,115
.
10,056
19,6531
32,935
90,000
43,000
45,000
260,000
16,000
147,000
26,000
133.000
comparison of the
and tor the three
all India ports.
Receipts and
previous two years. -
Receipts (cantars*)—
This week....
Since Sept. 1
65,000
25,000
18,000
2,555,000
3,170,000
1,505,000
1.
week. Sept.
*
A cantar
381.998*
6,500 192,000
i-2,000
'
is 98 lbs.
the receipts for the
week ending
and the shipments to all Europe
10,683 bales.
received from Manchester
Market.—Our report
Manchester
Since
Sept. 1.
5,000 134,000
1,500 58,000
This statement shows that
March 3 were 65,000 canfcars
were
Sept. 1.
6,000 179,000 10,000 241.500
2,000 140,498|
4,633 86,121
265,121
Total Europe...... 10,683
,
This
week.
Since
This
week.
Since
This
Exports (bales)—
To Liverpool
To Continent
1379.
1880.
1831.
Mar. 3.
remain un¬
tendency.
previous weektf
to-night states that prices for twists and shirtings
changed, but that the market is dull, with a declining
We give the prices of to-day below, and leave
prices for comparison:
25,719
10.411
8.
20,000
6,000
Alexandria, Egypt,
15,56)
10,505
130,000
17,000
Shipments.—Through arrangements
Co., of Liverpool
of the movements
of cotton at Alexandria, Egypt. The following are the receipts
and shipments for the past week and for the coi responding week
1879-80.
1880-81.
Coll'n
328 Cop.
Twist.
d.
Dec 31
Jan. 7
“
14
3,551,655 3.457.554
4,593,528 4,215.929 3,836.564 3,561,300
7,842
0,325
17,754
10,547
16,2 "9
20,473
12,518
9,782
S.
9,365
12.171
12,465
12,817
S.
4,507
19.623
12,132
...
16.000
17,282
12,421
11,368
153,000
107,000
19,557
15,875
Jan. 1.
with Messrs. Davies, Benachi &
and Alexandria, we now receive a weekly cable
20,344
11,904
Jan. 1.
have made
we
8.
8.
Since
This
week.
Since
This
week.
44,000
1,000
to date, at
Alexandria
27,656
16,932
1879.
1830.
This last statement affords a very interesting
total movement for the week ending Mar. 3,
12,079
23,306
INDIA.
EUROPE FROM ALL
Since
Jan. 1.
week.
Bombay
...
All other p’rts
20,332
26,011
14,452
20,184
19,055
16.2G9
11,948
32,000
periods of the two previous years, are as
This
from—
20,117
24.479
6,000
107,000
17,000
43.000
48.000
6,000
14,000
19,000
show that the movement from
Bombay is 1,090 bales more than for the
whole of India, therefore, the total
this week and since January 1, 1881, and for the cor¬
Shipments
to
8.
17,140
19,637
25,7615,700
Total.
nent.
59,000
11,000
29,000
13,000
1831.
...
Total
44
S.
4,000
EXPORTS TO
25,716
17,034
19,076
S.
29
44
S.
20,601
5
1,000
follows.
1370.
1877.
1878.
1879.
1,000
responding weeks and
the different years.
1880.
Conti¬
Great
Britain.
Total.
.
2,000
shipments
to Feb. 2S the receipts at the
orts this year were 332,599 bales more than in 1879-80 and
61,964 bales more than at the same time in 1878-79. By adding
o the above totals to Feb. 28 the daily receipts since that time, we
hall be able to reach an exact comparison of the movement for
1881.
nent.
The above totals for this week
the ports other than
same week last year.
For the
statement shows that up
This
Conti¬
1881
1880
1879.
1878
82-50
8795
81 93
86*27
Great
Britain.
Year.
3,55L,655 3,457,554
4,215,929 3,836,564 3,561.300
84-23
Shipments since January 1.
Shipments this week.
(
270
(Tot xxxni
CHRONICLE.
THE
Mar. 4
d.
s.
8% lbs.
Mid.
Shirtings.
JJp ds
d.
8.
7 0 ®3
y58®10
7
1V3S
93*5) 10*2 7 0 ®8
930® 10Lj 6 97b® 8
6 97a®8
93e®!0
93*®1014 6 970®8
930® 10^4 6 9 70 ®8
95h®1014 6 101*2
9*2® 10*8 6 10Lj®8
912®1038 6 lOL? ®8
32s
Iwist.
8^4 lbs.
CotCn
Mid.
Shirtings.
Uplds
63*
®l07e
63*
650
@lU 3*
d.
s.
9 ®8
0 ®8
® 10~8
lhi®8
6yirt
6°1«
6yin
®1O'0
3
3
3
6
9
9
9
d.
d.
d
1*3
Cop.
® ll
6q«
®113}
®113,
wVih
630'
® 12
638
®12
®8
®8
-®8
®8
'®8
®3
®8
°16
7%
York this week show an
the total reaching 12,070
Percentage of total]
83-51
S3 40
83-3 4
week. Below we give our usual
85-31
i 87-39
P*rfc reo’wt* Mar 4.1
table showing the exports of cotton from New York, and theii
This statement shows that the receipts since Sept. 1 up to direction, for each of the last four weeks; also the total exports
to-night are now 403,219 bales more than they were to the same and direction since Sept. 1, 1380, anl in the last column the total
for tbe same period of the previous year:
day of the month in 1880 and 783.694 bales more than they were
Exports of Cotton (bales) from New York since Sept. 1.1880Same
t) the same day of the month in 1879. We add to the table
Week endingTotal
period
the percentages of total port receipts which had been received to
since
March
prevVus
Feb.
Eeb.
Exported to—
March 4 in each of the years named.
2.
Sept. 1. year.
•C'P 23.
9.
Total
«
3,621,907 3,572,329 3,501,112
4,670,036:4,266,8G7|3,986,392
I
Movement from all Ports.—The figures which
now collected for us, and forwarded by cable each Friday, of
shipments from Calcutta, Madras, Tuticorin, Carwar, &c.
The Exports of Cotton from New
increase, as compared with last week,
bales, aga ust 6,176 bales last
1
India Cotton
are
the
previously-received report from
fall and complete India
statement
March 3.
enable us, in connection with our
Bombay, to furnish our readers with a
movement for each week. We first give the Bombay
for the week and year, bringing the figures down to
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARm.
Receipts.
Shipments this week. Shipments since Jan. 1.
Year Great Conti¬
BriVn. nent
Total.
1881 15,000 29,000 44,000
16,000 16,000
1880
1879 9,009 11,000 20.000
1873 17,000 22,000 39,000
According to the
Great
Conti¬
Britain
nent.
55,000
98,000
83,000
47.000
40,000 50,000
71.900 120.000
This
Total.
153,000
130,000
90,000
191,000
Week.-
Other British
Total to Great
Britain
Havre
9,061
4,452 10,160 217,994 229,507
530
260
10
310
25,515
18,859
10
310
25,515
18,859
and Hanover
Hamburg
642
1,414
1,100
Bremen
Other
ports
230,000
156,000
283,009
Spain, Op’rto, Gibralt’r,&c
and the
3,800
530
40.000
to show a
of 6,000
222,801
4,442 10,160 208,854
6,706
9,140
10
Total French
Total to North.
foregoing Bombay appears
702
Other French ports
238,000
22.000
40,25“
8,359
ports
34,000
compared with last year in the week’s receipts
hales, and an increase in shipments of 28,000 bales,
decrease
Since
Jan. 1.
Liverpool
3,800
Europe
84]
300
500
24,098
16,152
5,352
20,670
12,998
2,224
1,714
1,600
45,602
35,892
460
953
3,206
1,413
3,206
447
1,173
114
All other
Total Spain,
&c
Grand Total
.
5,503
9,435
287,464
6.176 12.070 290,5241
Cotton at New York,
Boston, Philadelphia and Baltimore for the past week, and since
September 1. 1880.
The Following
are the receipts op
New York.
Receipts
This
week,
from—
Since
1
i Sept. 1.
5,721 108,999
N. Orl’aus
Texas....
Savanna 11
Mobile
75,953
3,601 193,124
7,220
1,556
21,675
2,075
2,102
3,115
918
4,56i
.
4,338 127,118
1,035 31,170
Virginia..
4,600
712 50.592
6,111 109.502
98,805
2,039; 97,118
2,583
&c.
Foreign
Tenn..
117,
..
I
2,355
Since
825
41,626
16,568
17,603
1,19/
78,382
52
561
19,482
1,338 28,516
132
1
5,161 317,314
4,^0 173,793
1,480 50,595
1.157
3,230 141,765
73,832
News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
103,254 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published ir
the Chronicle last Friday.
With regard to New York, W6
include the manifests of all vessels cleared up to Wednesday
night of this week.
Total bales.
York—To Liverpool, per steamers Acrington, 883
Adriatic, 920
Arizona, 2,011... Celtic, 937
Gallia,
311
City of Richmond, 118
Hecla, 1,111—Sirius,
1,115
Spain, 2,001
To Havre, per steamer Ville de Marseilles, 310
To Bremen, per steamer Main, 618.. .bark Leocadia, 152...
To Hamburg, per steamer Wieland, 500
New Orleans—To Liverpool, per steamers Catalan, 2,815
Erl King, 1,800
Yurac Bat. 4,800... per ships Dread¬
nought, 5,000
Screamer, 4,101
To Havre, per ships Caledonia, 1,315
George A. Holt,
Narwahl, 4,911
4,161
Marcia C. Day. 3,212
New
To Bremen, per bark Radicle, 2,266
To Hamburg, per steamer Eastbourne,
To Rotterdam, per steamer Peer of the
To Genoa, per barks Guiseppe Sanata,
1,213...
Realm, 1,199
1,400—Madawaska,
10,100
310
1,100
500
22,110
16,899
2,266
1,213
1,199
1,500
Bremen, steam, .c.
Do
sail
Charleston—To Liverpool, per barks Hecla,
2,550 Upland and
Ibland
Poneina, 2,034 Upland and 269 Sea
Island
To Havre, per bark Sosterk, 1,050 Upland
To Barcelona, per bark Espana, 1,743 Upland
Bavannaii—To Havre, per bark Esra, 1,100 Upland and 15 Sea
Island
To Bremen, per bark Rimfaxe, 1,971 Upland
Texas—To Liverpool, per barks Lyntou, 2,600. .Pater, 1.636...
Tamora, 1,781
Therese, 3,893
Venus, 2,618
per
1,050
1,743
1,415
1,971
brig Ciro, 1,923..
To Bremen, per bark Tolomeo, 1,655
To Vera Cruz, per steamer Whitney,
per
609
Norfolk—To Bremerliaveu, per bark Ampkitrite, 1,006
Baltimore—To Liverpool, per steamer Rossmore, 2,298
Boston—To Liverpool, per steamers Glamorgan, 230
Victoria, 1,768
Philadelphia—To Liverpool, per steamers
Do
sail
11,181
2,501
609
1,006
2,298
Hiber¬
2,011
British Queen, 1,700
4,033
Lord Clive, 1,733
particulars of these shipments, arranged
form, are as follows:
The
Bremen.
Bremerhaven & Rot-
Ham-
ter-
Havre, burp. dam.
New York.. 10,160
310 1,600
N. Orleans. 22,149 16,899 3,479 1,499
Mobile
4,725
Charleston.
5,061 1,050
Savannah
1,415 1,971
Texas
14,181
2,501
pool.
Norfolk
Baltimore
Boston
'
in
our
Barce-
Tarn-
Iona. Genoa,
pico.
2,298
2,011
4,033
2,298
2,011
4,033
Philadelp’a
1,199 1,743 2,900 1,924 103,254
give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
Total...
Below
64,95119,674 10,560
we
Altonower, steamer, before reported, at New
Orleans for Antwerp,
with the bark
slight. It
The injuries to steamer Altonower, by collision
Ontario have proved, upon examination, to have been
was only necessary to discharge a very small portion of her cargo,
none of which was damaged.
The only loss to cargo will result
Of which American
Amount afloat
Ot which American
Ayton, steamer (Br.). before reported, from New Orleans for Rouen,
which put into Halifax for coal, was to have proceeded on Feb. 26
but was delayed to right cargo, which had shifted.
Bohemian, steamer (Br.),rrom Boston for Liverpool, before reported
wrecked, lies in eight fathoms of water oil Caliir Rock, Duulough
Buy, in a bad position for working; 11 bales cotton have washed
ashore; nothing further washing ashore on Feb. 12.
Diadem, steamer (Br.), from New Orleans January 24, at Liverpool Feb.
24, had her boats, rudder and machinery damaged.
Gardenia, steamer (Br,), before reported at Bremen from Savannah.
Sbme of the bales of cotton jettisoned by steamer Gardenia keep
Peer
washing ashore at Wyck-ou-Folir.
of tiie
Realm, steamer, from New Orleans for
cotton and wheat, put into
and with sideport stove in.
Rotterdam, with
Key West Feb. 28 in distress,
leaking
She would repair.
Bcio, steamer, from Galveston, before reported at Savannah leaky,
repaired and cleared thence Feb. 25 for Liverpool. The damaged
cotton, amounting to 110 bales, and some loose cotton were sold
by auction at Savannah on Feb. 22 for $1,000.
Adriana, ship (Br.), before reported wrecked on Galveston bar. Up to
Feb. 22 less than 100 bales had been removed from ship Adriana.
The labor attending salvage is so great that it has now been
r>8
ha
‘"*8
*8
h?
ha
ha
58«>1116
58^1116
58®1I16
58«'1110
.
716
58
....
7ie
7m
%
**8
1J8
58
>2
....
....
ha
-
....
7m
^8
Feb.
55,000
45,000
18.
Feb.
March 4.
25.
57,000
41,000
47,000
31.000
5,000
515,000
4,100
21,000
718,000
556,000
183,000
121,000
154,000
105,000
380,000
3,500
3,000
6,000
22,500
713,000
556,000
5S.000
51,000
391,000
303,000
326,000
4,600
1,710
6,700
19,000
663,000
373,000
327,000
2,700
51,000
41,500
3,200
3,700
3.200
17,000
711,000
537,000
62,000
32,500
421,000
319,000
Liverpool market for spots and futures each day of the
ending M ircli 4, and the daily closing prices of spot cotton, have
The tone of the
week
been
as
follows:
Saturday Monday.
Spot.
Market,
p.m
}
Dull.
£
Market.
)
5 P. M.
j
67is
6 ha
G7ie
Oha
99is
6ha
<Ul6
8,000
1,000
8,000
1,000
1,000
lulcss
firm.
sales of futures
■n
Dull
and
easier.
Closed
These sales are on
8,000
1,000
19,000
10.000
1,0 JO
Steady.
The actual
below.
Easier.
O'710
Futures.
j
Finday.
Mod. inq.
freely
supplied.
6*8
6*8
500
£
Dull
and
easier.
6Tni
Spec.A exp.
Market,
Wed ties. Thursday.
Quiet.
Firmer.
6,000
Sales
Tuesday.
6^8
Weak.
Dull.
Weak.
at Liverpool for the same week are given,
the basis of Uplands, Low Middling clause,,
otherwise stated.
Saturday.
Delivery.
Feb
.
.
6t»*2 1 June-July
6i732 I July-Aug
Apr.-May
May-Juue
0*8
.6*^8 ® * 632
Feb.-Mar..
Delivery.
I
d.
Delivery.
d.
6-is
..
d.
.69i6®19a*
65e
Monday.
June-July.... 6^9.52 ^^8
Feb
July-Aug
0*16
Feb.-Mar..
Mar.-Apr.. ..61»32®716
6l5:v_»®
h2®l7:l2
.
.
;2
Mar.-Apr
OI032
Oct.-Nov
6%2®516
6*2
0^8
Mar.-Apr
May-Juue
,6173o®
.
.
Apr.-May
June-July
Aug.-Sept
69m
6-I32
6'-333
Oet.-Nov
63s
July-Aug
Aug.-Sept
61 Uq
6%
916®l9»2
Tuesday.
6ha®Ui2
.61s?l'-t732
Mar
Mar.-Apr..
Apr.-May
May-J une
.
2Li
..
.69i(5®t932
..
O^®
,0® H] 6® 2162
June-July
A ug.-Sept
Oet.-N ov
Mar
Mar....Of 3 32®71«®:332
Mar.-Apr.
...
-
.6*032®
7J«'®1332
Apr.-May. ....61732®h2
0j932®916
May-June.
.
.
..
6 ^4 ®2532
6:% 5/ lH;i2
;6k>
Mar.-Apr
Oha
April-May
09ic
v6lli6®“332
May-June
June-July
Aug.-Sept
Sept.-Oct
J u ly-A ug
6®8
G11^
6%
65s
6 34 a) 2332
Wednesday.
June-July
O^a
Aug.-Sept
62:132
June-July
6^32
July-Aug
6^
Aug.-Sept
May-June
Sept.-Oct
Oct.-Nov
6Hm
6i73»
61782
C^m
.
6^8
...63s
Mar
Mar.-Apr.
Thursday.
May-Juue
June-July
Apr.-May.
61732 2)1e July-Aug
09ie Apr.-May
6i932
67m
Friday.
in
handling.
ha
:<8
**8
Sales of the week
bales.
8ales American
Of which exporters took
Of which speculators took..
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
May-June.
1,006
ha
Feb. 11.
Total.
12,070
2,900 1,315 48,241
.
4,725
7,854
1,743
3,386
:
609 17,597
i_>8
Liverpool.—By cable from Liverpoo’, we hava the following
the week’s sales, stocks, &c., at that port:
Apr.-May
Vera
Cruzd-
1,006
.
usual
ha
58
....
103,251
-
ha
71G
716
c.
Mar.-Apr..
Total
ha
r>s
statement of
5 P. M.
brig Bessel, 819.
Sg
ha
....
d.
Baltic, steam
Mid. Upl’ds
Mid. Orl’ns
5,061
5*
r>8®1116
sail... <7.
Do
10
1,725
-
Liver-
-
58.
ha
r>8
*2
sail... d
12:30
208 Sea
'
c.
Hamburg, steam, d.
Do
Fri.
.
ha
c.
2,900
1,305
To Vera Cruz, per steamer City of Merida, 1,305
To Tampico, per steamer City of Merida, 10
Mobile—To Liverpool, per ship Senator Weber, 4,725
Indiana, 600
c.
sail
Thurs.
<
Amst’d’m, steam.c.
Shipping
nian, 16
Havre, steam
Wed ties.
Tiles.
7:i2®9.i2 733®932 32 IV 932 732®922 7»2®9S2 732®®32
3ie® *i 3ie® 3i
3JO® *4 3H5«,11 3m5,14
ha ® r,8
ha ® %
h3®
ha® ^
*2 a)
ha ® ^
sail... (7.
Do
Do
769
519
Mon.
Satur.
Liverpool, steam d.
20,137
96
This year. 23,631 845,012 13,925 292,236
Last year. 21,901 885,192
112
freights the past week have been as follows:
Sept. 1.
i‘,9ii
......
1,180 1953)27
1
North, pts
This
week.
Since
Sept. 1. week. Sept. 1.
1
Florida.
g.Car’lina
N Car’liua
Th is
Since
This
week.
determined to employ a battery with which to blow her dock:
away, and enable her cargo to be more easily reached.
City of Richmond, bark, before reported, ashore at Port Rhyfydd, up
to Feb. 16 324 bales and a quantity of loose cotton had been lauded
from the bark City of Richmond.
Cotton
Baltimore.
Philadelphia.
Boston.
2,020
...
271
THE tHRONICLE
1881.]
March 5,
6 ha
May-June
June-July.
67m
Apr.-May
d932 July-Aug
July-Aug
Sept.-Oct..
BRE
Aug.-Sept
61132 June-July
Mar.-Apr
6%
..61132
69m
ADSTUFFS.
Friday, P.
M., March 4, 1881.
moderate all the week, and
only support which prices had was that derived from the
comparatively small stocks and diminished arrivals, and the up¬
ward tendency of prices of wheat. The local trade was very
The demand for
flour was quite
the
slow, and the
principal export movement was
of special brands
deliverel on contracts. A snow storm in the
they
Northwest, of unusual violence even for this season of violent
Storms, will probably keep back much flour from this market
as
were
CHRONICLE.
THE
272
[Vox* XXXII.
1881.
1879.
1880.
1878.
Week
Week
Week
Week
during the whole of the current month. To-day the demand
Feb. 28.
Mar. 1.
Feb. 26.
Mar. 2.
was much more active at firm and improving prices.
142,632
105,301
Flour
bbls.
129,820
.154,730
The wheat market has been gradually gaining strength. A
499,599
203,506
223,545
713,877
761,914
871,098
1,818,360
827,115
speculative effort to break down prices was defeated by the
265,788
451,499
198,423
269,030
activity of the export demand and the probable detention of Barley.
79,102
65,660
76,836
89,831
31,205
28,157
14,154
53,212
supplies by rail through the effects of the storm. Yesterday the Rye....
market was buoyant; No. 2 red winter sold at $1 21@$1 22 on
2,320,154 1.727,475 1,953,115
1,686,909
the spot and for March delivery, $1 21 %@$1 21% for April
The visible supply of grain, comprising the stocks in granary
and $1 21 for May; and No. 1 white at $1 18@$1 18% on the at the principal points of accumulation at lake and seaboard
spot and for March, $1 18% for April and $1 17% for May, ports, and in transit by rail and on canal frozen in, Feb. 26,1881;
Barley,
Oafs,
Corn,
Rye,
Wheat,
an advance of about 3 cents per bushel in a week.
To-day
bush.
bush.
bush.
bush.
bush.
In store at—
235,133
52,997
2,732,988 1.013,427 480,011
there was some further advance, No. 2 red winter selling at New York
170,000
185.000
Do. afloat (eat.)
363,000
250,000
60,100
22,000
107,000
126,000 324,000
$1 23 on the spot; but the close was dull.
Albany
8.429
8.968
253,495
Buffalo
390,509
Indian corn has shown an upward tendency, owing to smaller Dliica*ro
262,593
283,182
7,870,683 5,204,465 1,517,490
41.267
25,345
3,237,137
28,046
406,813
supplies, present and prospective. The regular demand has Milwaukee
Duluth
5,000
1,297,000
been slow, but in speculative activity there is seen some im¬ Toledo
634
45,000
46,653
391,778
1,968,758
5,137
19,439
Detroit
1,143,833
2,490
provement. Yesterday No 2. mixed sold at 57%@58c. on the Oswego
41,000
45,000
325.000
64,000
13.027
73,402
42,713
1,362,778 2,113,207
spot and for March, 56%@57c. for April and 54%@34%c. for 8t. Louis
12,274
2,305
Boston
314,496
79,195
91,850
500
361.717
12,723
May. The business in “steamer No. 2” mixed on the spot has Toronto
185,609
64,432
17,100
1,307
8,433
3,942
been at 56%@57c. White corn has continued scarce, and a Montreal
153,605
143,301
1,283,423
Philadelphia
05
moderate inquiry has caused some further rise in prices. Peoria
18,166
11,836
67,777
305,510
5.000
147,500
426,500
141,800
Indianapolis
To-day there was a further advance, No. 2 selling at 58/£c. on Kansas City
599
127,774
281,154
81,027
521,866
Baltimore
1,200,703
the spot and 55 %c. for May.
44,957
346,825
892,714
513,699
93,562
On rail.'
16,430
76,669
380,000
Rye has remained quiet, but prices are well sustained. Barley Canal and river.. 1,328,282 4,056,435
is still dull, and the advance of the malting has a tendency to
767,919
Tot. Feb. 26, ’81 25,748.690 15,514,231 3,427,506 3,036.710
Feb. 19, ’81
weaken prices.
26,403,003 15,391,993 3,433,099 3,082,724 700,972
Fob. 12, ’81
27,167,389 16,097,696 3,534,647 3,197.564 692,485
Oats are without essential change. To-day the market was Feb.
5, ’81
27,495,468 16,499,062 3,443,994 3,405,281 736,729
29, ’81
28,005,545 16,724,076 3,465,926 3,538,372 797.463
steadier, with No. 2 graded quoted at 44%o. for mixed and Jan.
900,050
Feb. 28. ’30...... 28,034,716 15,621,190 2,909,091 3,687,191
46%c. for white, and sales of futures embraoed No. 2 mixed for
April at 44%c.
THE DRY GOOD3 TRADE.
The following are closing quotations:
r
-r
-
r
'
•
•
-
-
•
•
"
5
Flour.
Grain.
I
Ho. 2
bbl. $3 10® 3 GO WheatSpring.
Winter superfine
3 85® 4 10 j
O 1ft#
00 |
3 70® 3
Spring superfine
I
4 70
4 40®
Spring wheat extras..
i
do X:x and XXX...
4 85® 0 25
Winter shipp’g extras.
do XX andXXX...
Patents
5 25® G 50
6 50® 8 25
1
1
I
1
No. 2
Corn—West, mixed
No. 2, new.
4 GO® 5 00
City shipping extras. 4 60® 5 85
Southern, bakers’ and
family brands
5 75® C 75
Soutb’n ship’g extras. 4 75® 5 50
Rye flour, superfine.. 5 40® 5 00
Corn weal—
2 60® 3 00
Western, &c
Brandywine, &c
Buckw. fl.,p. 100 lbs.
Red winter,
White
Friday, P. M., March 4, 1881.
3 10®
1 05® 2 10
Western yellow..
Western white
South, yeli’w.uew
South, white,new
•
•
...
•
Rye
White
Barley—Canada W.
State, 4-rowed...
State, 2-rowed...
Peas—Can’da.b. M.
®
,
.
•
•
20
59
58^2
-
.
.
57
62
98
42
41
1 10
90
85
62
Oats—Mixed
13
26
.
•
...
(From the “ New 'Kirk Produce
10 ®1
12 ® I
221^2 a>
14
®1
56
®
57
-
•
•
.
•
59
65
® 1 03
45
®
48
®
® 1 27
®1 00
®
92
95
to
®
lake and river ports
for the week ending
Wheat,
Com,
Oats,
Barley,
bush.
bush.
bush.
bush.
(196 lbs.)
61,759
69,219
(60 lbs.)
06.518
130.750
7,902
2,262
33,557
4,380
99:941
(56 lbs.)
405.574
20,250
42,171
19,357
47,500
154,750
Flour,
bbls.
At—
.
.
7,807
Toledo
Detroit
.
Cleveland
St. Louis
.
.
Peoria
Duluth
.
Total
179,079
Same time’80. 101,732
8.000
87,735
12,000
75,000
23,682
7,100
1,000
9,650
558,745 133,216 21,903
304,460 122,795 41,220
412,751 1,204,877
726,577 2,758.420
Deo. 27 to Feb. 26, inclu¬
1879.
1880.
1881.
4,017
2,000
3,366
275,275
Total receipts at same ports from
sive,* for four years:
Rye,
bush.
(32 lbs.) (48 lbs.) (56 lbs )
6,493
343,240 39.057
39,500 57,360
4,760
12,300
84,839
1878.
Flour
bbls.
1,401,009
859,594
1,001,071
993,724
Wheat
Com
Oats
bush.
5,619,421
11,067,849
4,798.044
7.100,215
20,237,746
3,253,112
1,205,130
10,735.370
12,472.471
410,895
525,820
10.005,531
8,525,962
3,095,088
1,590,536
430,539
32,213,093
23.023,082
23,647,656
2,082,678
326,057
Barley
Rye
Total grain....
23,894,052
3.024,359
1,215,056
Comparative receipts (crop movement) at same ports from
Aug. l"to Feb. 26, inclusive, for four years:
Flour....
Wheat
1880-81
1879-80.
1878-79.
1877-73
bbls.
5,065,141
4,058,345
3,825,427
3,766,118
bush.
58.816,267
71,856,757
25,927,549
65,396,213
61,908,276
16,676.307
66,874,234
52,539,8G6
19,888,339
9.970,500
9,057.870
3,239,581
8,256,832
1,482.169
53,400,822
43,615,578
15,506,645
8,079,596
2,457,356
Com
Oats
Barley
Rye
2,767,863.
Total grain....
169,358,930
149,035,440 123,149,797
156,278.831
Comparative shipments of flour and grain from the same
ports from Dec. 27 to Feb. 26 inclusive, for four years:
1879.
1878.
,
,
1881.
Flour
Wheat
Corn
1,395,406
651,933
1,070,957
973,802
busk.
2,459,922
6,684,393
4,391,885
1,150,457
392,151
1,780,730
0,610,970
1,911,880
5-5,009
308,523
4,223,134
5,971,991
2,052,2*5
814,81
219,203
8,415,032
5,546,243
16,474,514
14,217,123
Barley
Rye
Total grain
Rail
18S0.
bbls.
Oat*.
shipments from Western lake
13.281,434.
dry goods trade has been only moderately active the
past week, continued unfavorable weather having militated
against the demand for many spring and summer -fabrics. A
slight further improvement was developed in the jobbing
branches of the trade, and both staple and department goods
were distributed in fair quantities by leading jobbers; but the
demand at first hands
disappointing.
but
some
there
a
was
spasmodic, irregular and somewhat
Values have undergone
no
material change,
trifle easier, and
outside makes of cotton goods are a
was a
fractional decline in
print cloths, notwithstanding
threatened strike at Fall River.
Domestic Cotton Goods.—The
Exchange Weekly.")
Receipts of flour and grain at Western
Feb. 26, 1881
The
1,779,263
920,305
228,861
16,789,707
and river ports for the
exports of cotton goods make
3,881 packages having been shipped
the week ending March 1, including
1,562 to China, 1,121 to Great Britain, 551 to U. S. of Colombia,
279 to Brazil, 116 to British North American Colonies, 59 to
Uruquay, &c. The aggregate shipments (from this port) since
January 1 have been 21,623 packages, against 16,293 for the
same time last year and 23,581 in 1879.
There was a sluggish
demand for plain and colored cottons at agents’ hands, but a
fair business was reported by jobbers. Leading makes of brown
and bleached goods, wide sheetings, denims, drills, ducks, white
goods, quilts, cottonades, &c., are well sold up and generally
steady; but outside makes are in ample supply and a little
easier in some cases. Print cloths were in fair demand, but a
shade lower, G4x64s having changed hands at 4@4 l-16c.
and 56x60s at 3%c. Prints, printed cotton goods and lawns were
in moderate request, and the best makes are steadily held at
unchanged prices. Ginghams continued in brisk demand, and
there was an irregular call for cotton dress goods.
Domestic Woolen Goods.—There was a fair representation of
the clothing trade in the market, and a somewhat better—though
irregular—demand for men’s-wear woolens was reported by
manufacturers’ agents. Heavy-weight fancy cassimeres and
suitings were more sought for by clothiers, and fair orders for
low and medium qualities were placed with agents. Heavy
worsted coatings were in moderate request, and there was a
limited inquiry for overcoatings and cloakings.
Transactions
in light-weight cassimeres, &o., were chiefly restricted to mak¬
ing deliveries on account of old orders, and Kentucky jeans
ruled quiet; but there was a better business in plain and
printed satinets. Flannels, blankets and shawls were severally
quiet, and worsted dress goods were only in moderate demand;
but considerable lots of carpets were closed out by means of
price concessions.
very fair showing,
from this port during
a
Foreign Dry Goods.—There has been
a
moderate business in
foreign goods, but no special degree of animation was noticed
in any particular class of fabrics. Silks were in irregular
demand, and low and medium grades are selling at prices which
favor the
buyer. Dress goods were in moderate request, and
fair sales of white goods, laces and embroideries were reported;
but linen goods moved slowly, and men’s-wear woolens were
generally quiet.
@FedFRASER