The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
(55/
y.t
HUNT’S
MERCHANTS’
MAGAZINE,
&.3P*tfcIg
REPRESENTING THE INDUSTRIAL AND COMMERCIAL
SATURDAY, MARCH 8, 1884.
38.
VOL.
THE CHRONICLE.
271 United States Treasury State¬
281
ment
The Legal Tender Decision
274
cinl Situation
.
Featiues of
Imports and Exports for Janu¬
ary, and for the Seven and
the Pennsylvania
275
Report
Trade Statement
Twelve Months Ended Janu¬
277
A Good
ary 31, 1884
Monetary
and
English News
Dynamite in England
278
Cotton Consumpiion and Over¬
Commercial
land Movement to March 1. 279
Commercial and Miscellaneous
The Debt Statement for Febru¬
News
ary, 1884
281
THE HANKERS’ GAZETTE.
Quotations of Stocks and Bonds
Money Market, Foreign Ex¬
change, U.S. Securities, State
aud Railroad Bonds
and
Stocks
286
Range in Prices at the N. Y.
8toek Exchange
287
i
288
New York Local Securities....
Railroad Earnings and Bank
Returns
1
Investments, and state. City
and Corporation Finances...
3p4e (Pxrcrmcic.
The Commercial and Financial Chronicle is 'published in
New York every Saturday morning.
J Entered at the Post Office, New York, N. Y., as second-class mail matter.]
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
For One Year (including postage)
$10 20
For Six Months
6 10
do
Annual subscription in London (including postage)
£2 7s.
Sixmos.
do
£1 8s.
do
do
These pi ices include the Investors’Supplement, issued every other
mouth, and furnished without extra charge- to subscribers of the
Chronicle.
.
Subscriptions will bo continued until ordered stopped bun written
or at thepubUcutio)i office.
The publishers cannot be responsible
for remittances unless made’by Drafts or Post-Office Money Orders.
A neat tile cover is furnished at 59 cents; postage on the same is 18
cents. Volumes bound for subscribers at $1 00.
order,
Wrrrrn,
Jrili
,,
n. v.
r
i-invn
John g.
iioiD.
) WILLIAM! «. DANA cV Co.,
y
post Office Box 958.
FINANCIAL
THE
In trade circles
week.
no
The storms
checked to
an
Publishers,
79 A 81 William Street, N12W YOU24.
f
extent
SITUATION.
special
which
progress is to
have prevailed
the distribution
NO. 976.
judgment reveals. We are told by it in substance
that “to borrow money” means “to coin money,” so that the
provision in the Constitution granting the power to coin
money was, we are to understand, mere surplusage.
With
equal sagacity the opinion states that all powers belonging
to other civilized nations, and not expressly withheld from
Congress by the Constitution, are to beimplied as conferred
wholly ignoring the limitation in another section which
provides that the powers not specifically granted are reserved
to the States or to the people.
But it is perhaps useless to dwell upon these matters
now.
In some way the business of the country will pro.
tect itself against this innovation.
Contracts made Tor
payment in gold, already held valid, will, it is likely,
become the rule in all cases, and especially if any disposi¬
tion should be shown to force either paper or silver on thepublic. We have gained, through much suffering, a gold
basis for our currency and we mean to keep it.
Our
people fully endorse the action of the Chamber of Com¬
merce, on Thursday, respecting silver coinage except in
limiting the suspension.
Now let other cities appoint
similar committees, making the movement a united and
general one on the part of the commercial classes, and an
impulse will be given to the subject in Congress which
cannot fail to lead to good results.
Some have wondered
why so little general interest is taken this year in legisla¬
tion affecting bank currency.
One reason is that all thebills on the subject now before Congress are conceived in
a good spirit, with the prospect of being serviceable for a
this latest
CONTENTS.
The Final
INTEREST'S OF THE UNITED STATES
of
be noted this
of late have*
goods, so that
present restricted production is not being fully time at least. But a more general cause for the prevailing
taken.
Still, there is a ’ fair demand to supply current apathy is the pressure of the far more unsafe silver issue,
wants, while it is a favorable circumstance that the snows which, in the progress of events, may even force many of
which have blockaded the roads have probably covered our more conservative banks out of the national system in
even
the
again, and the prospects for that crop their effort to keep dealings on a gold basis.
are better than a year ago.
Bearing upon bond calls, and therefore upon bank
This may be a more import¬
note
ant consideration later on, but at present as the country
contraction, we have this week the Treasury statements
has the surpluses .of two years’ production on its hands
brought down to March 1 of revenue received and surplus
with no buyers, the better condition now does not give held. The figures of most interest are those giving thecurrise to any particular exhilaration.
On the contrary, the rent revenue, as the present volume of revenue indicates
tendency at the moment, in both trade and speculative with some accuracy the future surplus. Last month debt re¬
duction was small because pension requirements were large,
Circles, is to exercise great caution.
Perhaps this feeling is partly owing to the influence, and that is probably the reason why <f disbursing officers7
among the conservative classes, which the legal tender balances ” were increased nearly 5 million dollars in the
decision announced this week has had.
AVe have com¬ Treasury statement.
If that item had been the same a3
mented upon the decision in another column, but wo it was at the close of the previous month, debt reduction
cannot help adding here that it has greatly disturbed, as would have been in February 77} instead of 2 J million dol¬
well, as discouraged, those who have been for so many lars. But, as wo said, the current revenue is the point of
years struggling for a sound currency.
They very reluc¬ chief interest; we therefore give in the following the figures
tantly acquiesced in the former holding of the Court that of Government receipts a3 kindiy furnished us by the
this power existed in an emergency like that our civil war Treasury Department, for February and for the eight
produced, but it was not considered possible that the months of the present and last fiscal year. The January
judicial mind could harbor such cobwebs of sophistry as figures were published in our issue of February 9, page 157.
the winter wheat
i.gf
:
272
THE CHRONICLE.
1883-84.
Government Receipts
1882-83.
from—
For February. Since July 1.
$
$
10,757,644 59 134,159,123 68
Customs
8,100,880 98
Internal revenue
77,406,702 20
For
February. Since July 1.
$
$
15,190,907 12 145,975,897 92
9,280,520 89 95,590,197 85
[Vol. xxxvin/
ion that
gold exports will continue, and if tbe present
3^ per cent minimum rate' of discount of the Bank of
England fails to prevent a drain of gold from that
institution, the volume will probably be increased. The
return of the Bank for the week
shows
gain of bullion
exchange at Paris on London has moved
Total receipts
27,400.012 81 233,826,315 50 28,562,177 17 267,408,830 83
nearer to the point at which
gold can be drawn from the
The above shows us that the total revenue during last
British
metropolis to the Continent. Should such
month was only a little more than a million dollars less
a
movement
become
important the governors of
than the revenue of the same month of 1883, notwithstand¬
of the Bank will not fail to
replenish their stock by
ing all the tax reductions made by the last Congress. This
is a very important fact, which it would be well for our drawing a larger supply from this country.
We are at the
moment unable to meet a foreign
demand, by the ship¬
representatives in Washington to know and act upon. But
ment of anything in lieu of gold.
Speculators have for a
perhaps a more interesting point is that the customs receipts
time
been
and
are
long
still
were actually more than H million dollars in excess of last
silting on our grain and
provisions,
having
forgotten that their eggs must addle if
February, notwithstanding the total imports of merchan.
the
process
is
too
prolonged. * As to securities, foreigners
dise were less. If the reader will turn back to the January
do not want them, and will not be likely to want them in
figures he will see that even for that month customs duties
were almost as large as for
January, 1883, and hence for any amount, so long as our currency has in it such an
element of insecurity.
We must expect, therefore, to lose
the two months that item of revenue foots
up. larger than a
year ago, notwithstanding the tariff revision.
As an in¬ gold; and the large movement of this week can be no
structive statement, we have prepared the following, show¬ surprise to any who have considered the conditions affect¬
ing the total merchandise imports and total customs receipts ing the situation.
Miscellaneous sources
2,547,481 24
22,260,489 62
4,104,749 00
25,842,735 00
a
but the rate of
The stock market
has in
this
week reflected
ending Feb. I and the average rate
It has been in the main
of duty (estimated on the total imports) received for two the business situation.
strong,
but this strength was almost wholly the result of
years. We ‘cannot include February, as the Bureau of Sta¬
tistics has not yet issued the trade figures for that month. manipulation.
Saturday the bears were compelled to
cover
their
short contracts in
Lackawanna, which
Seven months ended Seven months ended
Imports and duties.
sold
they
had
freely
week on the sup¬
early
in
the
Jan. 31, 1884.
Jan. 31, 1883.
position that the clique had unloaded part of tUeir hold,
Value of imports
$389,200,609
$428,020,909
It now seems that the sales of long stock were
Duties collected
117,287,330
130.778,991 ings.
30*13 per cent.
30’55 per cent.
Average for f even mouths
largely supplemented by speculative transactions, and upon
This shows that the duties collected for the seven this discovery
being made by the clique they called in
months of this year, if averaged on all the merchandise shares which they had loaned and forced the
premium for
cash
stock
imports, would be about 30 l per cent, against about 30^
up to 9 per cent before the close of that day
This
per cent for the same time last year.
Had we taken Jan¬
naturally affected the market Monday, and, besides(
as
rumors
were current that other oversold
uary alone, the difference would be still smaller; and if
properties
we had the
would
be
imports for February, so as to make a similar
partially cornered, a feverish and strong tone pre
statement for that month, the percentage would be in favor vailed nearly all
day. Tuesday the movement was irregular
of this year. The conclusion seems to be inevitable, there¬ after borrowers of stock had obtained their supply, bu^
fore, that we are likely to get more revenue under the last although attempts were made to get the market down the
tariff, than under the law as it was before the late changes, decline was only fractional until late in the day, when a
A11 the foregoing is simply cumulative evidence, tending heavy tone prevailed.* Wednesday the market was gener¬
in the one direction of demonstrating the urgent need there ally strong, and on Thursday, while prices were firm, the
is for action in Congress as an aid to business prosperity. speculation was very tame, the transactions very limited
Certainly we cannot have enterprise while our currency is in and business without special feature.
Yesterday was
doubt; neither is there any better way to cripple and hold in equally featureless, but the tendency towards lower values
check the energies of the people than by excessive taxation- was more pronounced than on the preceding days.
The speculators for a decline are evidently to a large
furthermore, debt reduction and bond redemption are
clearly undesirable now. All these are influences, each in extent demoralized by the losses they have recently sus¬
its own way, helping to unsettle confidence. For instance, tained.
The general conditions favor their side, except
a few millions of gold shipped, as we have
explained on the important fact that the market is greatly oversold and
previous occasions, is of no importance in itself,if occurring that the other party hold tbe stocks and seem well prepared
in obedience to trade requirements. The significance of the to resist any attempt to force serious declines. Profession¬
for the
seven
months
no manner
•
movement
now
lies in
its
connection
with
currency
als outside the combinations have
no
confidence in either
derangements that make it disturbing. buying or selling, and indeed it is doubtful if even the
For this latter reason the foreign exchange market, most enthusiastic members of the cliques feel assured of
the gold shipments, and the special withdrawals of gold the maintenance of current figures, unless supported by
from the Sub-Treasury have been the features of the such manipulation as has been resorted to for tho past
week which have absorbed most attention.
As to the month.
Still, prices of the best properties are not high,
and under ordinary conditions, if sustained, public confi¬
rates of exchange, they have continued to'rule strong
and to be maintained at figures which afford a fair profit dence might be gained and some outside .support be ob¬
for the export of gold ; consequently bankers wTho are tained.
One rather unfavorable development of the
week
was
the statement by Mr. Roberts, the President
obliged to remit are sending more or less by every
steamer.
The exports thus far reported this week are of the Pennsylvania Railroad, that unless more efficacious
$2,000,0.00; by the Arizona on Tuesday and $200,000 by means are adopted to enforce the agreements between
the Lessing on Thursday, and the Servia and Baltic, which competing lines it is doubtful whether the interests of the
sail to-d&y, will take $4,S50,000 more, making for the Pennsylvania road will be promoted by a further continu¬
week the large total of $7,030,000.
ance of the trunk-line pool.
Tho report of that company ;
The most conservative of the foreign bankers are of o.pin- shows that out of 21,671,1(30 tons of individual freight
.
March
THE
8, 1884.]
273
CHRONICLE.
in 1882 to
in 1883—though there are no details
transported on the main line and branches of the road to show the$2,066,682
cause of the diminution.
jgfyear, only 1,937,850 tons, or less than 10 per cent,
The report before us does not give any information'as
waS through freight.
Under these circumstances it is
to the doings of these branch roads, not even their gross
pot surprising that the managers of this corporation feel
and net earnings.
It simply gives the earnings on the
inclined to withdraw from the arrangement unless it can
main system of 1,821 miles.
In the monthly returns,
be made effective and leave the through business to be
carried by those routes which feel compelled, in order to however, the earnings cover the entire system of roads.
Using these monthly figures, we have made up the follow¬
get traffic, to cut below the established schedule.
It will be found very
It is possible that this threatened disruption of the pool ing showing for three years past.
has been one cause for the comparative weakness of Erie interesting, especially as the comparison goes back to
during the last few days, this road being peculiarly 1881, the figures for which year we believe have not pre¬
with two important competing lines running
almost parallel to it. Still, the same cause seems to have
had little influence on West Shore bonds, which have
continued a prominent feature of the week, as they were
during the previous week. The combination of capital¬
ists which it was claimed expected to interest themselves in
that property as stated in our last, seem still to be talked
about as intending to take part in some reconstruction
movement, though we have authority for saying that the
statement announcing that Mr. William H. Osborn
was to share in the management was erroneous.
But
those now in charge seem to have been successful in
overcoming very many of the obstacles so lately in the
way of bringing the conflicting rights and interests to a
satisfactory conclusion^ and we are quite sure that the
public will hear with great gratification the prospect now
of an early adjustment of the financial difficulties which
have occurred to a property upon which upwards of 55
millions have been spent in money.
Union Pacific's annual report, issued this week, pre¬
sents results not materially different from those fore¬
shadowed in this column two weeks ago, based on the
monthly statements of earnings and expenses for the
year.
We find that the 1,821 miles of main road
had a total net income (counting in the receipts^for inter¬
est and dividends on the investments held) of $12,714,683, which is a loss of $1,593,251 as compared with
1882, but that notwithstanding this loss of income the
company had remaining a surplus of $1,261,873 over all
payments for interest and dividends, in addition to which
it also realized $3,040,467 net from land sales, making the
total surplus for the year $4,302,340, equivalent to over 7
percent on the $60,SOS,500 stock outstanding. In other
words, the company might have doubled the dividends
actually paid without entirely exhausting its surplus..
The surplus on the year’s operations was larger than
the falling off in income suggested it would be, for
several reasons.
In the first place the amount due the
United States was only $1,869,958 in 1883, against
$2,097,189 in 1882, a saving of $227,000 in this item.
situated
Then
there has
"interest
on
also
been
a
reduction
in
the item of
of
One result of this would
be
to
diminish
tbe item of interest from investments on branch roads,
*nd we notice it has diminished—from $2,211,099
Gross
earnings
Operating expenses
Net
earnings
Here
1881.
1882.
1883.
$20,760,904
16,670,171
$30,363,926
16,061,950
$30,034,097
16,812,609
$13,090,823
$14,301,976
$13,221,428
that gross
earnings at laast have varied
during the last three years, though owing to the
smaller expenses in 1882 that year showed very much
larger net earnings. But during these three years the
mileage of the branches—and consequently the earnings
of the same—considerably increased, so let us see how the
results on the 1,821 miles of main road alone compare.
we
see
but little
Main
Gross earnings
Operating expenses.
Net
earnings
Here
have
we
a
1881.
1882.
1833.
System (1,82L miles).
$21,002,5 42
10,354,541
$22,823,884
10,727,049
$10,648,001
$12,096,835
different showing.
.
$21,258,817
12,480,343
$11,778,474
Gross earnings
on
of
the competition of new roads and of the consequent reduc->
tion of rates, which have been such important factors in
the company’s business during the last two years.
The
loss, it will be seen, was $1,434,933 in 1882 and $1,821,342
in 1883, or $3,256,275 in the two years together.
It is
gratifying to observe that the company has been able to
meet this loss by a large reduction in expenses, though
these
of
1,821 miles have steadily decreased, the effect
not the whole of it could
course
be made good in
this
this item in 1883 in
shown above on the
whole system, tells us that there must have been a
heavy augmentation in the expenses of the branch roads.
way.
The reduction of $372,508 in
the face of the increase of $608,221
separately,
We therefore state these
as
follows.
1881.
i
1833.
1382.
Gross earnings
1
$7,5 10,042
I
$3,758,452
Operating expenses
Branches.
Net earnings
•
on
5,334,001
$5,775,280
4,332,326
$.2,142.822
$2,205.141
$1,442.954
from this that the increase in expenses
It is clear
wholly
0,315,830
is
We also see that it is these
served to keep the earnings of the Union
the branch roads.
lines that have
Pacific system entire, as steady as they are shown to have
been in the first table above. A largo part of the net earn-
over
explanation is that the interest paid directly out of net
tamings is decreasing—that is all, an increasing pro
portion of the interest' being met from land sales.
For instance, on the Kansas Pacific consolidated mortgage
$258,275 was contributed for this purpose in 1882 and only
$84,000 in 1881, but as much as $616,700 in 1883. It
is this that accounts for the smaller
charge for interest.
As to the new collateral trust bonds issued in 1883, their
interest is probably met, as is that of the collateral trust
bonds of 1879, out of the interest on the securities pledged
same.
All Lines.
ngs of these roads, it should be said, go directly into the
$300,000, namely, from
Union Pacific treasury, since it holds so much of their
to $4,667,711 in 1883. This may
bonds”
$4,976,204 in 1882
appear singular in view of the fact that the company’s
debt has actually been increased during the year.
The
for the
viously been separately stated.
stock and bonds.
following shows relative prices in London and New
York of leading securities at the opening each day.
The
Mch.
3.
4.
Mch.
Mch.
5.
Mch.
Mch.
6.
7.
j
Lond'n N.Y. Lond'n N.Y. Lond'n N.Y.
prices.*
prices. prices* prices. prices.* prices.
prices.* prices. prices.* prices.
Lond'n
O.S.4b,c. 123-91
U.S.4%3.
25-23
Krie
2d
113-42
Ill.Cent.
131-58
S. Y. C..
11630
Ont.W’n
123%
113%
25%
Lond’n N.Y.
12391
11342
2547
123 %
123-63
113%
25%
113 29
24-91
iso*;
116%
29-08+
53%
90-24
Can.Pac.
5493
29-40+
117
09%
90%
54%
91-57
54*74
91%
54%
123 00
11317
2479
4*91
4*91
24%
92%
11317
*
25-04
9329
123%
113%
25%
92%
13 334
130
131-34
130
130*11
130
116S5
117%
59%
116-73
117%
59%
116 85
117%
59%
10%
92%
54%
29 40 +
.
91-57
..
....
91%
54-74
29-53+
......
92-30
54-62
Krch’ge,
cabled.
123-73
123%
113%
93-73
....
......
•••••.
St. Paul.
116S5
123%
113%
24%
93
93
con.
Reading
N.Y.
4-91
♦Expressed in their New York equivalent.
Reading on basis of $50, par value.
4*91
92%
54%
91-81
54-86
4*91
THE CHRONICLE.
214
[Vol. xxxv m.
act of 1862 was upheld, went no further than
to affirm
market is without feature. There is a very
.light demand for time loans on stock collateral, and the best that, during a struggle for national existence, the act of
obtainable rates are 3@4 percent for two to four months on affixing the legal-tender quality to evidences of debt, being
dividend stocks and
for the same time on miscella. a national and appropriate method of procuring way*
and means for the prosecution of the war, was
<neous securities. Reports from the interior show a compara¬
constittj.
tionaf.
The
present decision goes much further.
tive abundance of money,but a little better rates are obtained
It
asserts the power of Congress in the broadest
for carrying grain and making advances to ranchmen in
possible
The money
The
reasoning, in a nutshell, is this- a
made up from
returns collected by us, exhibits- the week’s receipts and sovereign government has exclusive and unlimited power
over the money of the country ; the government of
the
shipments of currency and gold by the New York banks.
the Southwest.
manner.
The following statement,
United States
Mch. 7, 1884.
Week Ending
Received by
Shipped by
N.T. Bariks.
N.Y. Banks.
$728,000
Currency
«old
120.00J
Net Interior
Movement.
545,000
$083,000
150,000
Gaia.
Loss.
30,000
$833,000
Gain.
$15,000
.
v
*81H,000
Total gold and legal tenders
The above shows the actual
changes in the bank hold¬
ings of gold and currency caused by this movement to
and from the interior.
In addition to that movement, the
$5,100,000 through the operations of
the Sub-Treasury and by exports of gold.
Adding that
item therefore to the above, we have the following,
which should indicate the total loss to the New York
lost
*banks have
•Clearing House banks of gold and currency for the week
covered by the bank statement to be issued to-day.
'
Into Banks.
Week Ending Mch.':. 188-4.
fplS.OOO
Banks’ Interior Movement, as above
$S iS.OOO
Total gold and leual tenders
The Bank of
i
>33,000
;
1
5,100,000
j
|
$5,033,000
Net Change in
Bank Holdings.
Gain.
$15,000
Loss. 5,1(0,000
1 Loss.* 5,085 0G0
a gain of £254,000 bullion
This represents £210,000 received from
England reports
week.
for the
Out of Banks'
*
Sob-Treasury operations, net
The Bank of
£38,000 from the interior.
France, reports an increase of 0,050,000 francs gold
and of 25,000 francs silver, and the Bank of Germany
and
abroad
aince the last return shows
gain of 1,900,000 marks.
The following indicates the amount of bullion in the
principal European banks this week and at the coi re¬
sponding date last year.
a
Mch. 6, 1834.
Bank of
England
Bank of Fiance
Bank of Germany
Total this week
Tptal previous week
•
Mch. 3
j
Qold.
Silver,
j
£
£
:
1853.
,
Gold,
Silver.
£
£
22,9.19,590
22,750,109
39,734,376 40,033,019 39,820,301 43,107,024
7,707,250 23,391,750; 7,920,750 23,780,250
70,281,734)03.424,795)'
70.70 2,141 0G;917,S7 4
C9,701,74 2,03,352,9 40j 70,702,397 (>7.149,1 ] 3
Assay Office paid §114,025 through the Sub-Treas¬
for domestic bullion during the week, and the Assist¬
Treasurer received the following from the Custom
The
ury
ant
.House.
O'hisistiny or—
DsUe.
.
Duties.
Oold.
Fob. 29...
Mar.
1...
•*
<4
«)...
$401 70S 48
$9,000
273,404 SI
4.030
!
j
$uO,0jo|
O...
Total...
$2,509,410 07
4,000
135,000
140.000
but the
324,000
144 000
conclusion from the
9329;0(K>i 1,5 49,000
$5 19.0' O
50,000:
i
the matters directly involved,
Court in tho
Jgilliard legal-tender case has a distinct and most signifi¬
cant constitutional aspect.
The brief of the defendant in
error (in whose favor the suit is decided) asserted, while
!
that of the plaintiff in error denied, to the legislature
of the nation, a power which is inherent in and is an
attribute of sovereignty. The former decision of the
Court, by which the constitutionality of the legal-tender
bearing
on
the decision of the United States Supreme
or
>
TIIE LEGAL-TENDER DECISION.
Aside from its
be kept
Court decision will
301.00
$40,000
44
a
violated, as Congress may see fit. No
interpose to nullify an act substituting
legal-tender notes for national-bank notes. The undis¬
puted and unlimited control of the money standard and
of tho issue of money, is vested in the national legislature.
The brief of the defendant in error maintained the right
may
359,000
I.OOOi
It is
right of the national authority to
pass laws impairing the obligations of contracts ; and the
right to debase the coinage and to force creditors toaccept the degraded coin at its face value in satisfaction of
debts, follows Inevitably. There is no attribute of sov¬
ereignty which marks the ascendancy of the government
over the people more offensively than dees this.
It does
not change matters that the government is, theoretically
at least, the expression of the will of a majority of the
people. For, in any event, the powers to impair the
obligations of contracts and to debase the coiuage, involve
a denial of the guaranteed
rights of individuals, at the
discretion of the soveieigD, whether an absolute monarch
or the populace.
This is not said simply as a criticism, of
the decision, but to show what' it means, namely, that the
general government, according to it, possesses, without
having received it in express terms from the Constitution,
a
power inherent in full sovereignty which, more than
any other, can be used for the oppression and spoliation of
the citizen.
If it has this right, there is scarcely any
other, not explicitly withheld by the Constitution, which
the Court must not logically give to Congress upon
demand.
u Centralization,” that bugbear of the fathers,
has never achieved a greater victory than this.
The decision i3 one of vast importance in itself. It
settles finally the question, of the constitutionality of legaltender paper money.
There are no more points to be
raised against it.
The government may emit bills of
credit, and Congress is the sole judge of the expediency
and tho necessity of so doing.
The pledge contained in
the last act which increased the issue of greenbacks, that
the whole sum should not exceed four hundred millions,
77,000
8
going in
studied assertion of tho
TO, KK■
70,000|
of national power,
respects far beyond any former decision.
1 49.000
0,005
509,919 13
540,413 93
522,703 30
tificates.
assertion
-lO.OCOj
20,000
5...
Silver Cer¬
new
$90,0)0
3,000
4
Gold
Cert. if.
a
100,000
255 200 30
4‘
This is
f 252,00 ‘
2 (>.000;
«
..
U. S.
Notes,
sovereign ; the power claimed by the
legal-tender acts is not denied to Congress by the
Constitution ; and hence it exists, to its fullest extent.
several
some
k
is
Congress to coi/i paper ; that is, to issue fiat money ?
The Court has not taken up that point,
pure and simple.
of
claim
of
the
learned counsel is not a
forced
opinions of Mr. Justice Gray. In
inhibition to do
anything whatever with the currency which Congress may
have a whim to do, must be abandoned, henceforth
and forever.
The hopeless ignorance, the meddlesome^
ness, the recklessness and the frivolity of Congress, on
many occasions, in dealing with currency matters ; the
disastrous confusion and present perils j and the narrow
escapes we have had from the .most calamitous legislation ;
all these things show what evils the future may have in
short, all reliance upon any constitutional
store for us.
Since the
constitutions!,1 prohibition has
exist, there is a new incentive to all
safeguard of
been declared not to
a
MAECH
-
13'4
8,
THE
]
275
CHRONICLE.
that this summary discloses that both in 1883 and
^^realizj what an opportunity is given to rashness and say
1SS2 the gross earnings of the network of roads in its con¬
folly by this decision to take measures to prevent the trol reached over 100 million dollars—in 1882 $101,514,926
possibility of acts of unwisdom. The American people and in 18S3 $105,653,532; that even the net earnings
have bad experience enough with bad systems of money
exceeded 36 million dollars in both years. But while this
to appreciate the value of a good system; but they do not.
Greenback ism in its offensive forms—as the war cry of acquaints U3 with the system’s earnings, it is not half the
story. A better indication is the traffic statistics, whiefr
the financially unfortunate and as the shibboleth of a
show that in 18S3 the system carried over 83g million
political party—has disappeared. But it is not dead. Oa tons of freight and 484- million passengers. Even this,
the contrary, it only requires a fresh occasion to bring it
however, conveys only partial knowledge, since the
forth again in greater strength and with added aggress¬
iveness.
Now, if ever, is the time to overthrow it by a passengers traveled, and the freight was hauled, over
thorough and systematic campaign. The money cost of longer or shorter distances. Hence, the mile being the re¬
distributing lavishly, in all infected district?, popularly cognized unit of railroad operations, the work done in 1883
can only be truly shown by the equivalent in
passenger
written and convincing tracts, wouLd be very slight, and
and ton miles, which are represented by the enormens
the effect upon thinking and well-disposed men would be
totals of eleven hundred and fifty-six million passengers
incalculable. But it will not do to rely upon that agency
carried one mile, and seventy seven hundred and fifty-nine
alone. It is the imperative duty of all men who appreci¬
million tons of freight one mile.
ate the great danger the financial interests of the country
The main interest, however, the report has is in the
are in, not only from
the opportunity now given to the
results of operations for 18S3 as compared with other
worshipers of paper money, but to the idolaters of the
In this sense it has a two fold value. First, in
silver dollar, to make their power felt within their respect¬ years.
showing
to the security holders of the company the value
ive parties.
If there is any great political issue dividing
and earning- capacity of their property, and secondly as
men into two parties, the politicians will find it out in due
reflecting the course of business during the year for rail¬
time and tell 113 what it is.
In this latter respect, the
Meantime business men can see that, whichever parly road property generally.
certainly
Pennsylvania system is
very representative in
may win, it is essential for their best good that no man
■
shall be elected to office.
If they act accordingly, with as much courage as is dis
played when they discharge a dishonest clerk, we shall at
any rate have a reform of the currency—whether a
permanent one or not the future will show. And in addi¬
tion to all this, men must be prepared to act determinedly
and unitedly, if Congress should ever attempt to put into
execution the new power which the Supreme Court finds
it to possess.
California showed the way during the
whole period of the suspension of specie payments.
If
the business men- of the Etst. suffer the currency to be
still further degraded, it will be their own fault.
It is
even now in their power to drive the silver dollar out of
sight, in spite of its legal-tender character, as effectually
as they drove out the trade dollar.
who is unsound on the currency
FEATURES OF TTIE PENNSYLVANIA
No
one
can
take up
REPORT.
the report of the Pennsylvania
character.
Its lines traverse substantially
the whole of the
Mississippi and north of the Ohio,
and they embrace in their business every shade of industry
The
—manufacturing, agricultural and miscellaneous.
year 1883 it is known was not particularly favorable to
The crops were of only moderate
railroad business.
territory east of the
proportions, and manufacturing industries were nearly all
depressed. The same conditions that affected the Penn¬
sylvania lines must also have aff-cted other lines in the
same territory.
For this reason it is satisfactory to note
that the Pennsylvania figures show continued progress. The
monthly statements had, until the closing months of the year,,
recorded gains in earnings on the lines east of Pittsburg,
but it was not certain that the Western lines were also
improving, since the profit on the same was constantly dim¬
inishing, which might be due either to heavier expenses or
heavier charge?, ora smaller business. The figures now given
in the report exhibit a gain of $4,138,GOG in gross earnings
on all lines owned or controlled (the gain on the lines direct¬
ly operated east of Pittsburg had been $2,003,418), but net
earnings exhibit an improvement of only $607,264. The
result is much the same as on the Eastern lines alone,
namely a much heavier increase proportionately in expenses
than in earnings, but this addition to expenses in the case
of the Pennsylvania is not as significant as it would be
in the case of some other lines, since the Pennsylvaniais all the time spending large amounts for betterments and
beiDg impressed with the magnitude of
the company’s operations.
All know that it is the greatest
railroad corporation in the land, and that its traffic is of
vast proportions.
But it is not till we see the actual
figures that tell of its operations, that we form any really
adequate conception of the dimensions of the business it
is doing.
We are led to these reflections by what appears to be a
change in one of the company’s statistical tables presented improvement?, which it charges to ordinary operating
The point of main importance is the constant
with the annual report submitted this week, and which expenses.
traffic, as shown in the increase of 3,897,797
accession
to
enables one for the first time to see the full extent of all its
in the number of tons of freight moved (all line?, both
operations. It has always been the policy to give a sum¬
east and west), and of 3,578,143 in the number of pas¬
mary, showing the business both east and west of Pitts¬
Railroad without
burg, but this summary was apparently confined to the
lines directly operated, and left out all others. It did not.
to our
knowledge, include those line?, of considerable
importance in the aggregate, which the company owns or
controls but does not operate through its own officers.
Consequently -it failed to indicate the full amount of
business dene by the entire system. In the present report,
however, the summary has been made to include all lines
“owned or controlled, east and west of Pittsburg,” and the
insult is, figures more imposing than any previously given.
To show the magnitude of the ousir.ess we need only
sengers carried.
In reference to the
fiscal results of the year’s operations
what we said in'previous reviews, namely,
company’s income is affected in three different
ways.
First, by the outcome on the lines east of Pitts¬
burg -and Erie, whose earning3 go directly into the
company’s treasury; secondly, by the result on those lines
for whose charges and obligations it is in whole or in part
responsible; and thirdly, by the return received on the
large mass of securities of branch and connecting roadswhich it hold?. When business is good, it usually happen^
we
may say
that the
276
THE
that there is
CHRONICLE.
gain from each of these sources, while on
the other hand, when business is bad, there is just as
likely to be a loss from every one of these component
parts. It follows that though the company owns a
very large system of
mileage, it us not necessary
to know the outcome on each separate division, in order
to arrive at the actual result to the parent company.
For
instance, on the lines west of Pittsburg, though we had
no figures whatever showing their
operations, the relative
profitableness or unprofitableness of the same would-be
manifest by the single item of dividends received on the
stock of the Pennsylvania Company (every share of which
the Pennsylvania Railroad owns), which company operates
these Western lines.
In the same way, to get at the
result on the lines east of Pittsburg, we need only
examine
a
the
income
account
the
or
main
and
stem
branches, Pittsburg to Philadelphia—1,313J miles—since it
is this division that sustains and controls the other two, the
United New Jersey and the Philadelphia & Erie.
Indeed,
it is on this section that the whole structure composing the
Pennsylvania system of roads has been reared. Hence if
we would have at once a
comprehensive and exact idea of
the company’s fiscal operations, a study of the Income
account of this part of the system is all that i3
necessary.
the
Moreover,
Pennsylvania covers so wide a field, and is
governed by such a variety of conditions and circumstances,
that any rehearsal of the details is out of the question.
Accordingly, we give below simply an abstract of the
income account for six years past.
The comparison will
show at a glance the progress that has been made in this
period of time, and in what quarters it has been most
pronounced.
1378.
1879.
r-H cc *JP
U
.
1881.
1882.
1883.
$
%
%
!
Net, earnings, line
Pit tab. to Pliila.
and branches....
Int.
on
investm’ts.
$
%
9,39(5,037
1,804,8-1(3
*
9,992,008 11,936,172 12,178,540 12,958,186 13,690,400
2,110,933 2,903,669 3,211,466 3,510,562 4,113,059
-
Interest for
ot
use
equipment
277,918
241,461
243,550
266,691
Other items
38.105
160,804
658,532
245,469
Total...
Rentals, int., &c..
Net, Peana. Div...
Loss United N.J..
Balance
273,225
189,521
286,141
277,760
11,516,904 12,505,206 15,741,923 15,902,166 16,931,494 18,373,3' 0
5,192,440 5,022,725 5,690,438 5,770,448 0,102,931 0,429,928
6,324,464
1.130,775
7,482,181 10,051,485
5,187,089
6,542,592
939,889; 1,035,309 .
9,016,170
10,131,718'10,768.563
302,865) 568,759
11,943,432
653,915
9,828,853 10,199,804 11,289,517
Less—
Fund purchase of
securities
Pa. ItR. sink’s fd.
t
600,000
t
243,460
?
600,f00
291,000
600,000
286,480
7,000
332,150
7,000
400,085
50,000
50 000
50 000
15,000
27,423
15,000
15,000
15,000
90,000
115,000
180,000
1,085,285
1,736,870
600,000
282,810
600,000
280,800
Advances, defleiencles, Ac.—
Bhamokin Coal..
7,546
240,260
30,155
AlleKh. Vul. ItR.
Penna. Canal
..
7,000
390,651
36,000
Fred. A Penna.
Am.Steanish p..
Phila. & Erie....
Balt. Sc Potomac
Balance for Btoek.
S
Dividends
Remainder
147,873
55,000
159,737
45,000
231,654
75,543
154,138
88,819
25,575
29,459
866,626
1,646,240
1,377,607
4,321,063 4,890,352
(2 p. c.) (4Hi p. c.)
1,377,404 3.099,152
(7 p. c.)
4,820,914
2,817,655
795.22oi
year
•
•
•
•
•
143,332
1,767,87 lj
2,199,204 1.623,804
226,756
350,866'
2,021.997
§603,452
12.191,639
2,347,382
4,057,815
4.lSl,074j 7.793,949| 10.314,079
4 057,815
4,181,074*
7.703.949! 10.344.07ST 12.194,639 13.613,184
Total to credit of
prolit and loss...
661,010
7,638,569 8,060,982 8,514,519 9,552,647
(8 p. c.) (8Vi, p. c.) (S;4 p. c.)
5,801,718 6,890,715 7,530,650
1.707,193
Surp.boginn’tf
2.943,659
*
175,974
Other credit Items;51.233.22(3 11,673,934
...
3,500
618,975
•
0unb. Huz. & W.
ElmlraChem.AC.
*
i
■
•Including $2CO,000 in 18S2 and $100,000 in 1883 for bonds due
State of
Pennsylvania.
t $100,000 paid for this purpose in the following year.
This was a debit, and oceurred through the charging off, in whole or
♦
In
of
part, of sundry items not thought, fully good, and also by the payment
$100,000 on amount of the sinking fund for year 187S and $100,000
for trust fund
same
year.
§ Debit, because of
Here
e-<
rtain items that
were
charged off.
I vol. izxvm,
increase, despite the many adverse feature7~iiTqjj"
general situation of trade and business that have existed
an
and still
exist.
The
extent of
the
improvement
respect within recent years is reflected
while
in 1878
the
total
in this
in the fact that
net was
only $9,396,037, ia the
past year it was §13,696,400, being a gain of over
$4,300,000, or nearly 50 percent, in five years. That there
has been no corresponding increase in charges is
apparent
from the item of rentals, interest, &c., which counted
for
$5,192,440 in 1878 and counts for $6,429,928 in 1883, an
augmentation of only $1,237,488. More' striking, how¬
ever, than the gain in net earnings is the increase in the
sum derived
(in cash) from dividends and interest on the
securities held by it.
Thus in 1878 this amounted.to no
more
than
$1,304,846; in 1883 it reached $4,113,059.
The report calls attention to the size of this item and
states
that the amount is $214,321 in excess of the interest
upon
the company’s entire funded indebtedness. A further
favor¬
able feature
is,
has to meet
on
said, in the smaller losses the company
many of the lines operated by it. In 1878,
for instance, the lease of the United New
Jersey Companies
netted a loss of $1,136,775, but in 1883 the loss was
no
more than $653,915.
It is true that in 1881 the deficit
was even
smaller, but the less satisfactory showing now is
to be ascribed not to any
falling off in business but to a
heavy augmentation in expenses and to some other special
and exceptional circumstances.
On the Philadelphia &
Erie,the Baltimore & Potomac, and the Elmira Chemung &
Canandaigua, the result is even more gratifying. The Penn¬
sylvania has had to advance nothing to the first two of
these during either 1883 or 18S2 (they
having become
self sustaining) and nothing to the third since 1880. In
1878 the company paid over to them more than half a
million dollars.
On the other hand, the Allegheny Valley
road would appear to be becoming more burdensome with
each succeeding year, and $661,010 was advanced to the
same in 1383, against only $240,260 in 1878.
Under all these circumstances, it is not surprising to
note that the balance applicable to stock ha3 been con¬
stantly on the increase, and that in 1883. the amount was
considerably more than double what it was in 1878.
Even on 1882 the increase is as much as a million dollars,
though this has brought with it no increased distribution to
the stockholders, who received 8£ per cent cash dividends
in both 1882 and 1883.
The report states that, in view of
the business depression existing, the division of
profits was
fully as large as a conservative management of the prop
erty would warrant. This remark was probably intended
for the English holders of the stock, who are accustomed
in their
as
country to seeing a company’s yearly surplus
distributed in full to the stockholders.
In this country,
own
where the demand for additional outlays is so incessant
and so urgent, we are rather inclined to insist upon the
retention of
part of the surplus for this purpose. It should
said, however, that while nominally the Pennsylvania
stockholder received only 84 per cent on his investment, in
reality lie received much more—nearly 10 per cent—■
through the allotment of stock at par, which in the market
commanded a premium.
It has been the policy of the company within recent
years to provide the means needful for new extensions
and additions ter the property, partly by an increase in
shares and partly by an increase of bonds, rather than by
a
be
the issue of bonds alone. This
serves a
double purpose.
In
largely the company has gained in the first place it tends to avoid an undue enlargement of
each of the three ways mentioned above—that is, first in the debt, distributing the cost for new
property between
net earnings, then in interest cn investments, and
finally stock and bonds, and, secondly, it gives stockholders the
in having to meet a smaller loss on the lines leased or opportunity of themselves contributing some of
the addi¬
operated.by it. Net earnings we find' continue to show* tional capital needed from time to time—the inducemen
we
see
how
mabch
THE CHRONICLE.
8,1S84.J
,
277
A
TRADE STATEMENT.
GOOD
being the premium on the shares. It was
The January exhibit of our foreign trade is even better
jn pursuance of this policy that the stock during the year
wftS increased $7,300,000, while bonds were increased than expected.
There is an excess of merchandise ex¬
only $3,000,000 (collateral trust bonds). The proceeds of ports over imports in the sum of nearly 20 million
these sales (except about
two million dollars still dollars, and though this is about four millions less than in
retained in the treasury) were used either in providing the corresponding month of 1883, it is yet a very satis¬
additional facilities on existing lines or to aid factory showing, in view of the conditions that have
in the construction of new branch and auxiliary lines prevailed.
One statement which we have heretofore
this
made
thought necessary for the protection and development
large favorable balance confirms, and that is
of the company’s business, $8,349,464 altogether having that the high rates for foreign exchange in January were
been spent in this way in 1883, the largest two items being not due to the conditions of our trade at that time.
The
jl,645,377 for new equipment and $3,300,702 on account same remark will hold good with regard to February.
^offered of
course
It is estimated that the call on It is evident therefore that a settlement has been made in
new capital account during the current year will
be part by a return movement of securities and in part by
fully as heavy as in 1S83, which illustrates how large a withdrawal of foreign balances here which has been
the demands are upon a company like the Pennsylvania induced by the better employment found for the samo at
to enable it to maintain its favorable position
for doing home, and by the disturbed condition of our monetary
business and commanding traffic. We presume that the arrangements resulting from the attempt to bring silver
of the line to
Reading.
additional three millions of collateral trust bonus sold last
applied to this pm pose, but the report
states that the policy of giving stockholders the privilege
of supplying a part of the needful funds will not be
week
are
to be
forced
on a
at each
parity with gold. The merchandise movement
port during January this and last year is shown
below.
EXTORTS AND IMPORTS OF MERCHANDISE AT
deviated from.
feature in the Pennsylvania’s position, and
which makes the large net earnings shown above possible,
is the great preponderance of its local traffic.
In the
past year the company carried, on the 1,313 miles of
road composing its main stem and branches, 21,674,160
tons of paying freight, but not ten per cent of this was
through freight, the aggregate of this latter being no
more than
1,937,850 tons. Moreover, the gain over
is wholly in local and not in through
freight. For instance, total tonnage was larger than in
1882 by 1,313,761 tons, but local tonnage was larger by
1,320,730 tons, showing that through tonnage must have
fallen off 6,969 tons.
In the previous year, of a gain of
2,393,S72 tons, all but 128 tons was in local freight.
Almost the whole of the company’s vast network of roads
is tributary to the main stem between Pittsburg and
Philadelphia (358 miles), and as a result the traffic over this
line has become very heavy.
This fully appears from the
previous
fact
the
years
that
in
1883
these
358
miles of road earned at
of
$74,638 per mile.
Mr. Poor, in his
Manual, gives the average for all roads in the country
in the year 1882 at $7,188, or less than one-tenth the
amount
on
this
piece of road.
It is to be
rate
noted
that
the
Pennsylvania has been gaining very
heavily here, and that as recently as 1878 the earnings
were only $48,850 per mile.
As regards the income of $4,113,059 from investments,
this was made up, as in previous years, of a great variety
of items, only three of which were above a quarter of a
million in amount.
The gain over 1882 is $600,000, and
is due in some measure to the improved position of the
companies in wffiich the Pennsylvania has stock or bond
ownership. Thus the increased dividends paid on Northern
Central stock swelled the receipt from this source to
$241,656, from $152,523 in 1882. Then $336,000 is
given as income from Western Pennsylvania general
mortgage bonds which in the previous year did not
appear
at all.
About this amount
there must
have been something exceptional, since only 24 millions
of these bonds are held, which at 5 per cent interest would
yield no more than$ 125,000. In addition to the gain from
these two sources the income was swelled by an increase
in many of the minor items.
As to what extent he
total of over four million dollars will be aifected by the
prevailing depression in business, it is of course impossible
to
say.
Imports.
Exports.
January.
The strong
$
26,7^2,785
12.787,one
3,951,030
New York
New Orleans
Baltimore
Boston, &c
5,314,585
Philadelphia
San Francisco
All other ports
Total
$
$
28,891,932
12,037.215
4,810.879
4,772,900
3,302,310
4,700,773
1833.
1884.
1883.
1884.
PORTS.
U. S.
$
39,997,704
1,181,930
803,295
4,510.781
3,275,210
2,453,881
19,414,779
21,192,244
2,432,571
3,213,335
2,160,819
73,989.972
80.380.253
54,312,435
It will be observed that as
•
compared with
a
41,260,012
572,765
1,171,952
5.176,357
2,120,447
4,027,137
2,041,428
50,971,198
year ago,
seeking a lower level, since the
January, 1884, is 2 J millions smaller than in
January, 1883. Nevertheless, this total is by no means
small, being at the rate of over 650 millions a year, so
that if we compare with a few years back there is no lack
of room for further contraction in this respect. It is to be
remarked, too, that the goods imported are apparently
going into consumption. A month ago we called attention
j imports still appear to be
total
for
to the fact
Now
a
that stocks in the warehouses
downward movement is
increasing.
for while on
were
in progress,
January the aggregate. value of goods in bond
$29,948,104, on the 1st of February the amount had
been reduced to $28,906,612, which compares with $32,•
060,818 at the same date in 1883, $22,660,302 at the same
date in 1882, and $40,627,615 at the same time in 1881.
As to the exports, the falling off of 6g- millions for.the
month is more easily explained than wa3 the heavy de¬
crease for the previous month.
We find that the breadstuffs exports record a contraction of $3,550,796, and the
provisions exports a contraction of $1,884,648, or together
$5,435,444. On the other hand, there was a gain of
$792,977 in the shipments of live stock, which would
reduce this loss to $4,642,467—leaving If millions of the
total falling off of 6£ millions to be accounted for by a
decrease in other items.
Cotton is the chief of these other
Our own statistics show that we exported of this
items.
staple during January 629,904 bales, against 695,025 bales
in January, 1883, a diminution of 65,121 bales.
But the
money loss is not as large as these figures would indicate, for
prices ruled higher this year, low middling uplands being
quoted at 10 3-16 and 10£ respectively at the opening and
close of the month, against 9;* and 9 11 16 at the same
dates in 18S3.
Allowing for the difference in price,
cotton .would just about make up the
remainder (1*
millions) of the loss in exports not explained by the move¬
ment of provisions and breadstuffs.
As to petroleum, the
shipments from. New York werb not quite equal to those
of 1S83, but here also prices were higher^—refined
the 1st of
wTas
THE CHRONICLE.
278
of a
that it is not likely that in value this item
having been quoted nearly two cents above the figure
year ago—so
records any very
In the following table we
give the breadstuff3 and provisions exports from each
large decrease.
leading port.
Provisions.
Bread stuffs.
.
1
January.
Philadelphia
San Francisco
Other ports
Total
1883.
1881.
$
4,887.784
807,CIS
$
0,283,883
788,995
2,048,413
1,550.882
2,542.952
$
0,130.910
1,000,200!
1,251,930
941,41 i|
919.825
1,113,047
3.031,737!
30,4 81
711,509
00(5,105
1,5‘*9.362
1,354,617
12.284.781
15,835,5771
9,151
40,305
040,393
of
9.094.1771
course
39,721
4,270
4c
10.978.825
wheat records a
heavy decrease ; but it is interesting to observe that corn,
too, is now beginning to exhibit a falling off.
In former
ure
has been relied upon to offset in some meas¬
the decrease in wheat, but evidently this will not be
the
case
months
corn
in the
-
DYNAMITE IN ENGLAND.
leading feature of our European news ig no longer
or Tonquin, but dynamite.
All over, in Pari^
in Berlin, in Vienna, at Rome, at St. Petersburg, at
Madrid, as well as in London, the political conspirator is
The
the Soudan
seeking to accomplish his purpose by wholesale and reck¬
less destruction of life and property; and, for the mo8t
dynamite is his instrument. The object evidently
a reign of terror, and so to paralyze the
governments as to compel them to yield to the wildest and
most revolutionary demands of the extremists. It is not
wonderful that Russia, Austria and Germany should be
sounding each other as to the propriety of entering into a
fresh league against the assassin, and that they should be
using thffr best efforts to induce both France and,
England to come into the alliance. If the present state
of things should continue, some such union will be
demanded by the
intelligent classes of Europe, and
political agitation will thus defeat itself.
part,
$
7,382,858
9,108
288,172
1,091,583
breadstuffs exports,
In ihe
•
1883.
3881.
New Orleans
Baltimore
Boston
POtlTS.
AND PROVISIONS FROM LEADING
EXPORTS OF BREADSTUFFS
[vou xxxvm
future, for in January, 1884, we exported
is to establish
Hitherto it has been our privilege to contemplate the
only 2^ million bushels, against over 4 millions in January,
18S3.
Rve, however, of which the exports are small, con¬ political storms and tempests of Europe as students rather
than as interested parties. Our interests were not at stake.
tinues to show decided improvement on a year ago.
Another feature in these breadstuffs figures is that the Our honor was not called in question.
Secure on our own
broad
continent, suffering neither from want ror from in.
falling off in the shipments of flour is relatively much
smaller than in wheat, and the demand for flour (the justice, and in no way responsible for tj e broils of Europe,
manufactured article) apparently continues unabated, even we might have sympathy and sorrow, but we had no cause
while it is almost impossible to dispose of wheat—the for inconvenience or trouble, and no need either to explain
Thus in the month under review
.unmanufactured article.
exports fell off about two million bushels, but the
flour exports diminished only 80,000 barrels, and the result
is that in value there is verv little difference between the
two—millions for wheat and 4-7- millions for flour. Sub-
the wheat
V
O
o
joined
the figures.
are
JANUARY.
EXPORTS OF BREADSTUFFS IN
1833.
1831.
Value.
j<
Quantity.
January.
j(
1383.
1831.
j1
8.9261|
60.504
hush.
bids.
hush.
2,543,502
4,170,708 i
18,259
18,905! I
1,010,433
54,710
22,055
14,821 j,
11,120
pounds
4,350,038
hush.
Corn
Corn-meal
Oats
Oat-meal
live
Wheat
Wheat-Hour
bush.
...
bush.
bbls.
*
23,4
So!
219,593
5,040,889
7,005,290
819,000
935,180
.
Nor-'stated previous to
5.885
2,822,958
09,838
3,407
*
131,211
153,757
1
19,379
7,011,997
5,332,72j
,
j
.J|
Total
*
$
71,371
Barley
4,805,293
5,297,113
12.284.781
15,835,577
July 1, 1883.
In the provisions exports it was thought improbable a
short time ago that the current movement would be smaller
than the movement of last year, and yet for two months
now it has fallen behind.
The falling off reaches nearly two
.
dollars, and it will be seen is confined almost entirely
pork products—particularly bacon and hams. In dairy
products and in beef products, on the other hand, there is
a
pretty general increase. It is further to be noted that
in the exports of live stock, ’which do not figure in the
totals because the statistics have not until recently been
furnished, there is quite a marked gain over 1883. Thus
cattle was shipped this year to an aggregate value of
SI,295,509, while in 1883 the total reached only $445,012.
Below are the details of the provisions exports.
million
to
EXPORTS OF
PROVISIONS IN JANUARY.
|
Quail till/.
January.
1884.
12,3 44
3,053
Beef, cauucl..
Beef, fresh.lbs.
Beef, salted
10.640,355
Tallow
Pork Products—
Hams
Pork,
3.770, 1 1 1
5,380,170
fresh,
Bllltcilj &C,
••
Lard
Da iry Prod u c is—
Butter
Clieeso
Not
1,295,509
445,012
5,035
43,500
101,030
332,330
1,001,439
297,303
330,341
425,133
173,173
47,913,501
3,785,123
5,301,579
053,070
4.S90.566
010,294
7,557,199
4.033,204
2,133,905
700,594
305,202
.
4 S 1,042
1,203,174
13,395.731
0,875,234
24,003,107
995,565
755,578
173,180
5,11 L, 199
2,747,049
003,811
5,353,779
Total
1
$■
4.310
;
40,727,812
5,009,199
Bacon
1883.
$
Lire Stock—
Cattle
No.
Hoirs
Bcr f Prod acts —
...
Value.,
1334.
1883.
including livo stock.
•
003.313
^
2,715,159
153,715
280,1GS
*9,094,1 ~7 “10,978,825
apologize. It would almost seem as if the situation
now changed.
The use of dynamite in England
in circumstances where it was clearly 110 intention to
destroy both life and property by so-called Irish-Americans,
has filled the public mind with consternation and alarm,
and has aroused a feeling of indignation which unfor¬
tunately is finding free expression against this country.
The argument is simple enough; but it is much more sim¬
ple than logical. Amid the wreck of disastrous explosions,
and in suspicious places, are found mysterious boxes, pack¬
ages. clocks, all in some w*ay supposed to be connected with
dynamite, and all of American manufacture. It is at once
inferred that these boxes, packages and infernal machines,
in the shape of clocks, were brought over from America
for purposes of destruction, and the American people and.
Government are' charged with knowledge of it and
therefore with criminal neglect of duty.
They har¬
bor conspirators, and they allow them to leave their
shores carrying with them instruments of barbarous
warfare against a friendly and unoffending people.
Such
is the charge which is now openly and publicly made; and
it is not at all improbable that it may soon, if it has not
already, become the subject of correspondence between the
government at London and that at Washington.
Is this presentation of the case, as made by the British
press and people generally, a fair presentation? We
think not.
Among the American people, “ properly socalled, and among all the better informed classes of out
adopted citizens, there are no two opinions as to the char¬
acter of these dynamite outrages.
They are a libel on thh
civilization of the nineteenth century.
On* the part of
their perpetrators they argue a condition of moral nature
which forbids us to place them in the category of brutes,
but which justifies us in placing them in the category bf
fiends—not only enemies of law and order, but enemies of
or
to
were
the
race.
reveals
This
Their conduct has no redeeming feature;
scoundrel.
as much of the coward, as of the
believe to be the general American sentiment
quite
we
and it
the matter.
If it
were
in
made clear that these crimes were
openly hatched in America, that they were committed by
Americans, and that the dynamite and other instruments of
JIaRCH
THE
8, 18S4.1
CHRONICLE.
destruction were bought in America, and conveyed across
tie Atlantic for purposes of war upon the British people,
it would certainly be difficult for us to repel the charge of
down to March
1, and they now cover
six months of the
crop year.
MOVEMENT
OVERLAND
'
TO
MARCH
1, 1884.
The gross movement for the month of February shows
criminal neglect. But it is not so.- If the schemes are
hatched here, they are hatched in such a manner as not to a decrease frem the movement for the same month last
violate the law. There is, no doubt, much loud talkingyear of 29,307 bales, and an increase over February, 1S82,
much vaporing and , braggadocio ; but the men who so
of 27,701 bales, making the gross figures for the six
talk are not the kind of men who lend themselves to such
enterprises. Dynamite, and clocks, and other instruments months this season 762,421 bales, against 883,494 bales!
for lighting the dynamite, may be bought here, and taken in 1882 83 and 822,369 bales in 1881-82.
The net move*,
on board ship, and carried to the
British shores, by the ment for the month, however, has been only 16,399 bales,
conspirators themselves ; but it is all done secretly ; and
against 54,236 bales in February, 1883, and 16,077 bales
until there is an overt act of law-breaking, the Government
in 1882 ; and for the six months the total is 4 61,070
has not the power to interfere.
It is by no means certain, however, that the explosives bales against 526,556 bales last season, and 353,355 bales
the previous season.
are the production of American manufacturers in America.
This small net total in February of
That they were found in American boxes is certainly this year is due to the fact that a much larger portion
suspicious; but it is not conclusive evidence. How many than usual of the gross has been marketed during the
thousand boxes similar to those found cross the Atlantic month through New York and Boston, and counted there¬
weekly. How easy to procure these boxes and, for the fore in the weekly receipts at the ports. Below we give
sake of a blind, fill them with the home-made material. the details for the six months, this year and the two pre¬
Then again there are millions of American-made clocks in vious years.
Great Britain; and we have the authority of experts for
FROM SEPTEMBER 1 TO MARCH 1.
spying that it is an easy matter so to arrange the machinery
j 1883-81. 1832-33. 1891-32.
as to make them serviceable in dynamite explosion.
How
1
Since September 1, shipped—
easy to buy in London, or Birmingham, or Glasgow, a few
228,817 307,917
256,136
From St. Louis
OVERLAND
Nor is
it at. all certain that the perpetrators of these later out¬
Over Illinois Central
Irish-Americans. Here again there is
ground for suspicion. The cut of the clothing and the
shape of the boots, in some instances, and the finding of
cards-in others—all point in one direction; but they do
not furnish conclusive proof.
Men engaged in such work
Over Evansville «fc Terro Ilaute
American clocks and make the necessary
changes.
rages are even
do not
cards to defeat their own
use
purposes.
In the
explosions Irish Americans were undoubt¬
edly the principal conspirators, as was abundantly proved
at the several trials; but it is not good logic to say that
because the conspirators were Irish-Americans in those
former cases, they are Irish-Americans in these lat¬
ter.
Suspicious as the situation doubtless is, it may turn
out that Irish-Americans have been unjustly blamed, and
that the crimes have not any direct connection with the
American land or people.
Besides, is not Great Britain holding us to a stricter
Over Cairo & Vincennes
Over the Mississippi River, above St.
Over Jeffersonville Mad. A
Over Ohio &
even
than
she
holds
herself?
What
Over other routes
Total gross
10,174
4.519
101,014
93,992
121,351
37.108
40,027
38,610
•12,850
1(3,010
50,777
*
overland
89,0SG
14,170
13,7Gy
08,002
13,915
81,09945,000
41,019
51,817
23,231
59,150
02,33 f
5,881
4,837
11,710
10,93a
702,421
883,494
822,3C9
251,158
3
23,077.
357,034
7,211
5,013
01.370
Shipped to mills, not included above...
105,031
Deduct—
Receipts overland at N.Y., Boston,<fcc.
Shipments between (or South from)
Western interior towns
38,928
....
Shipments inland (not otherwise deduct
ed) from—
•
Galveston
100
50
New Orleans
10-
37
10,924
14,445
"
7,302
Mobile
19,443
70,209
Savannah
Charleston
57
735
3,405
093
2,355
7,393
Total to be deducted
301,351
350,938
409,014
Leaving total net overland*:
401.07c
520,556
353,355
North Carolina ports
Virginia ports
proof.
<md
Mississippi Branch
Lexington
Receipts at Cincinnati by Ohio River...
Receipts at Cincinnati by Cin. South’ru
is
Until proof sufficient has been had
established, the British Government and people
must not hold us- to a responsibility and an accountability
which it has ever been their pride to refuse to recognizi .in
It has been a crown of glory to the
their own case.
British people that their sea-girt island has been a safe
asylum for generations to political refugees. That glory
has not yet departed from them.
They ought not to ask
us to do what
they would not do themselves. We cannot
prevent The making of dynamite ; nor can we prevent its
being shipped to Europe. But it has to pass through our
•Custom House, as it has to pass through that of England.
Vigilance there is perhaps much more at fault than vigi¬
lance here ; and it is more than probable that a little more
vigilance in the detection and a little more promptitude in
the punishment of Irish outrages would have begotten a
state of things which would have contrasted favorably
•wanted is
Indianapolis
Over Louisville Cincinnati <fc
former series of
account
I.
42,121)
140,075
73,289
13,9i 6
This total includes shipments to
1883, amount to 13,728 bales.
x
Canada by rail, which, since Sept. 1,
SPINNERS’ TAKINGS.
falling off in port receipts noticed in previous
months has continued, the decrease now from last season
reaching 509,294 bales ; the month’s movement has been
3S5,938 bales, against 595,598 bales in February", 1883,
and 291,992 bales in the same month of 1882, the decrease
from last year having been 209,660 bales, and the increase
over the preceding year 93,946 bales.
The total net port
receipts up to March 1 are 4,353,60-4 bales, against 4,862,RECEIPTS, EXPORTS AND
The
898 bales for the
same
time in
1882 83
and
4,033,541
during the corresponding period in 1881-82. New
important Southern ports
as showing an increase over last season.
Foreign exports
during the month exhibit an increase over the same
month of the two preceding years, having reached 435,with that of to-day.
259 bales, against 408,855
bales and 324,776 bales
respectively ; the total for the six months is 2,944,355
COTTON
CONSUMPTION AND
OVERLAND
bales against 3,214,893 bales in 1882-83 and 2,284,197
MOVEMENT TO MARCH 1.
bales in 1881-82.
Stocks both at the ports and interior
We are able this week to make up our overland state¬ towns are below those of last year.
The receipts, exports
ments for another me nth.
This brings tl e statements and stocks, presented in our usual form, are as follows.
bales
Orleans stands alone of all the
THE CHRONICLE.
280
Movement
from
Bept. 1,1883 to
Mar. 1, 1884.
Receipts Receipts
Stocks
since
Sept. 1,
Sept. 1,
Great
1883.
1832.
Britain*
542,190 660,455
15,327
Indlanola, &c..
8,241
New Orleans.... 1,305,230 1,337,651
Mobile
235,737
234.821
Florida.
14,100
85,945
c
622,820
.......
Brunswick, Ac.
7.024
5,508
Charleston
Port Royal,Ac.
502,546
Wilmington
Moreh’d C., Ac.
390,558
12,879
87,380
12,037
Norfolk
538,320
West Point, Ac.
New York
Philadelphia,Ac.
Total 1883-84
..
*
22
222,666 1.032,939
200
47,162
3,704
1 775
149,250
323,331
50,266
98,107
22,996
106,230
221,333
53,886
2,550
3,829
5,190
40,742
7,053
20,588
233,708
31,129
28,220
70,813
372,413
346,015
1Q0
75 199
39,535
3,300
324,521
2.640
17,765
14,717
36,^57
56,200
83.033
42’oi3;
213,120
31,129
268,484
55,408
1,806,583
27,110
1,898
68,708
704,727 2,941,355
948,594
820,753
881,715 3,214,393
4,033,541 1,486,007
246,205
550,995. 2,2,34,197i 1,064,618
959,508
tiie Channel.
portion of the crop which has reached
a
market through the outports and overland, and the
Southern consumption since September 1 this year and the
two previous years, is as follows.
shall find that the
1883-SI.
1881-82.
| 1882-83.
bales. 4,3 53,004 4,802,898 4,033,541
Receipts at tlio ports to Mar. 1
353,355
401,070 1 520,550
Net shipments overland during same time
Total receipts
bales. 4,814,074 5,389,454 4,380,890
Southern consumption since September 1.
190,000, 200,000 155,000
same
time in
exact measure of the
receipts
up to
below our usual table of the weight
for comparison the figures for the
the two previous seasons.
Six months
Same
Same
perVd in perVd in
ending M.tr. 1 , 1884.
1882-83. 1881-82.
Number of
Weight in
Bales.
Pounds.
550,431
1,395,230
234,821
Texas
Louisiana
Georgia*
South Carolina
606,339
409,437
.
Average Average Average
Weight. Weight. Weight.
280,790,870
510-14
520-04
607,603,003
478-49
43602
110,001,574
311,023,488
191,829,423
494-00
504-00
4U*
467-03
483-25
471-63
463-52
472 72
462-42
47300
475-83
470-89
470-42
47100
465-90
506-20
465-30
.AA
North Carolina.
99,417
351,780,033
40,707,745
Tennessee, &o..
905,228
447,780,082
49L-G6
505-00
476-00
5,004,674
2,414,182,818
482-38
49117
473-33
743,721
Virginia
Total
Including Florida.
*
that the movement up to March 1
decrease in the average weight as compared with
It will be noticed
shows
the
a
periods of the last two years, the
same
average
this
482-38 lbs. per bale, against 491-17 lbs.
year being
bale for the
same
per
time in 1882-83 and 473-83 in 1881-82.
COTTON
THE
bales. 5,001,674 5,589,454 4,541,896
Total to March 1
BALES.
March 1, we give
of bales.
We give
Alabama
Using the facts disclosed by the foregoing statements,
we
a more
OF
n
4,802,898 2,012,425
Great Britain exports include to
To furnish
49
16,988
11,153
••••••
373,045
movement from
bales in 1832.
WEIGHT
31,1S8
Comparing with
plantations is 370,337 bales in 1884, against 664,834
bales in 1883 and 301,069
344.391
160,636
70 09''
......
43,523
13,430
1<>- noa
Total 1882-83...
323,27(5
273,396
‘XJ
Total 1881-82...
68,230
34,203
the
586,877
46,962
3,704
205,401
01,547
1,353,^01
Mar. 3.
Total.
......
18,890
116,051
17,017
656,607
180,958
100,430
l 'id f
Baltimore
......
708,965
Conti¬
nent.
220,843
Galveston
Savannah
France.
327,778 bales more than in 1881-82.
February 1 we find that the total month’s
and
1, 1883, TO—
EXPORTS SINCE SEPT.
since
L?OL. XXXV III
GOODS
TRADE
IN
FEBRUARY.
In the early part of the month there was a fairly
September 1 in
active movement in brown and bleached goods, wide
1883-84 is thus seen to be 584,780 bales less than in 1882-83
&c., at the important centres, and many popular
and 462,778 bales more than in 1881-82. To determine the sheetings,
makes were advanced from 2£ to"5 per cent.
Since the
portion which has gone into the hands of Northern spin¬ middle of the month the markets have been quiet, owing
ners during the same period, we have prepared the fol¬
to the backwardness of the jobbing trade, arising, as is
claimed, from unfavorable weather. Goods have latterly
lowing.
Total receipts to March 1,1881, as above
bales. 5,004,674 shown a tendency to accumulate, and the price of lowStock on hand commencement of year (Sept. 1, 1883)—
grade brown and bleached cottons are barely steady at
At Northern ports
135,180
the close.
Colored cottons have been dull throughout the
At Southern ports
96,926 —232,106
month, but prices are nominally unchanged.
At Providence, &c., Northern interior markets.
5,011— 237,117
Print cloths show no activity, and, in fact, at the end of
Total supply to March 1, 1881
5,211,791 the month are lower, in spite of the curtailment of produc¬
Of this supply there has been exported
tion at Fall River caused by a partial strike among the
to foreign ports since Sept.l, 1883.2,911,35 5
spinners.
Even the lessened out turn has not prevented
Less foreign cotton included
4,407—2,939,858
an
increase
in stocks, the total at the end of February
Sent to Canada direct from West
13,728
Burnt North and South
12,353
bung more than 100,000 pieces larger than at the close of
Stock on hand end of month (March 1, 1831)—
January, showing that present production is ample for
At Northern ports
bales. 382,221
the supply of the present demand.
The stock of print
At Southern ports
566,373— 943,594
cloths
in the hands of manufacturers and speculators on
At Providence, &c., Northern interior markets
15,119—3,929,657
March 1 reached 741,000 pieces, against 635,000 pieces on
Total takings by spinners since September 1, 1883
1,312,134
Taken by Southern spinners
190,000 February 1, 1884, 684,000 pieces on March 1, 1883, and
1,216,000 pieces March 1, 1882.
The amount of
cotton marketed since
.
1,1 22,134
1,203,201
Northern spinners since September 1, 1883
by Northern spinners same time in 1882-83
Taken by
Taken
Decrease in takings by
Northern spinners this year, .bales.
The above indicates that Northern
March 1 taken
171,007
same
1,122,134 bales, a decrease from the cor¬
months of 18S1-82 of 90,381.
AMOUNT
OF
CROP NOW
IN
An additional fact of interest is the total of the
which was in sight on Mar. 1, compared with previous
years.
We reach that point by adding to the above the
stock remaining at that date at the interior towns, less
stock held by them at the beginning of the season.
In
crop
this
1 to
find the result for three years on March
follows.
manner
be
as
we
Total marketed, as above....bales.
Interior stocks in excess of Sept. 1
of the
indicates
1832-83.
1881-S2.
5,004,674
5,589.454
300,000
4,541,896
5,889,454
4,854.890
178,000
5,182,674
Total in sight
This
1883-84.
that the
r
movement
up
to
313,000
10^6
I0:,a
3
4
SIGHT.
foregoing we have the number of bales which
already been marketed this year and the two previous
seasons.
.V
O
In the
has
1
.
.
r*
10^
10-%
10^8
103s
103s
1 O
20
21
22
23
°4
25
26
27
28
90
•
10^8
0
7
8
9
10
11
12
13
14
15
10
17
18
1882.
•
(Jott'n Print- Sheet-' CotCn Print- Sheet- CotVn Print- Sheeti» gs,
i ng
low
ings,
ing
low
inq
ings,- low
mid- cloths, stand- mid- cloths, stand- mid- cloths. standard.
04x61
dling. 0 1x0 1 ard. dling. 01 rG 1 ard. dling.
fi;r.
spinners had up to
responding period of 1SS2 83 of 171,067 bales and from
the
■
1883.
18S4.
•
3-03
7%
3"G3
7%
3...
3-63
74
3-03
74
74
’ 3-03
3-03
74
74
3 03
3 03
74
S...
3 03
74
74
3-63
3 03
74
30 3
74
3-63
74
300
74
S...
3-00
74
3-50
74
350
74
3-50
74
..Holi day
3-50
74
..
..
....
103q
103s
103s
103s
1030
1030
..
i03s
1030
103g
103a
3*09
3*73
3’75
..8...
Ol 11A
3-75
911,6 3-75
911,6 3-79
3-81
9 Si
3-81
93*
3-SI
94
S...
3-8 r
94
3-81
94
911,6 3 81
3-81
94
3-81
94
3-81
94
S...
911,6 3*75
911,6 3-75
911,6
9i4a
9146
103s
10716
10%
10%
10%
3-50
3-53
3-50
3-50
3*47
74
74
74
74
8
8
8
8
8
8
3*
/
5
3-75
3"75
S...
3-75
3 75
8
8
8
8
8
8
3*
/ D
313,,
313,0
313,0
313,0
,
8
8
.
,
.
•
114 6
113,6
L 13,o
34
334
34
34
334
334
84
84
84
84
84
84
113,6
U3,«
34
34
84
-
..
•
•
•
•
I13,o
1 IS, 3
114'
8
8
8
84
84
84
84
84
s...
.
11 3,6
LI %
11 %
.
84
37s
334
L15,0
8
8
8
.
911,6
911,6
9Hie
119,0
1146
..I-Ioli day
911,6
911,6
313,6 84
313,6 84
313,6 84
313,6 84
u V,
1 lu16
..
911,6
11V
11&,6
11 n,6
HO,,,
11%
..
..
10%
8
8
8
-
.
....
114
....
•
.
*
64
..Holi day..
34
34
34
S...
34
34
..
94
84
84
•
•
•
•••
84
84
74
—
March 1
present year is 706,780 bales less than in 1882-S3
upland at New York,
sheetings, agents price*
Tlie above prices are—For cotton, low middling
for printing cloths, manufacturers’ prices; for
which are subject to an average discount of 5 per cent*
Makch
THE
8, 1884.]
STATEMENT FOR FEB., 1834.
The following is the official statement of the public debt, as it
appears from the books and Treasurer’s returns at the close of
business on the last day of February, 1884:
THE DEBT
DEBT
INTE REST-BEARTNG
Character
of Issue.
|
\a-a1toUHao Sg8|
CO
When
izing Act.
Payable.
July 12/82
®
4s,
A uthor-
ref. ctfs.
’70 and '71
’70 and ’71
Feb.
Amount
Inter st Periods.
Outstanding.
Coupon.
Registered.
38,WyP-t(b July 23/08
Silver certificates
Certificates .of deposit
Balance, including bullion fund
$1,2(30.8 10,000
debt—1
$1,572,837 interest
On the foregoing issues there is a total of
over-due and not yet called for. The total current- accrued interest to
Arno id it.
Authorizing Act.
$58,570
Old demand notes.... July 17, ’01 ; Feb. 12, ’02
Feb. 25, ’02; July 11, 02 ; Mar. 3/03
Certificates of deposit June 8, ’72
March 3, ’03; July 12, ’82..'.
Gold certificates
Silver certificates.... February 23, ’78...:
Fractional currency
Less amt.
310,681,016
18,215,000
103,443,500
£
110,137,821
30° °il
est’d lost or destr’yed, act J’e 21/79
■T1‘V>w-,-4i
8,375,934|
$198,735,509 14
A mount
Interest
$250,000,000
737,G 13.550)
204,891,550
000'
$10,037,229
Total interest-bearing debt. 1
$1,205,840,900
Debtor ichick ini.fats ceas'd since mat'rihj\
12,007,305!I
Debt bearing no interest—
Old demand and legal-tender notes
:
1 8.2 le.000
Certificates of deposit
j
Gold ami silver certificates
| •218,581.321!
0,980,3071
Fractional currency
322,010
340.739.58oi
45,808,032 26
12,048,911 41
-
4.719
Minor coin
New York and San Francisco
One and two-year notes, Arc
exchange
|
Total
Total debt, principal and
Total cash in Treasury.
-$1,>Gp,430,479i
Pacific Railroad interest
paid
f
Decrease i>f debt during the past month
Deere:!sc of debt since. June 30, 1883
■CUItKEN T LIABILITIES—
Interest due ami unpaid
Debt on which interest, has ceased
AND
IMPORTS
EXPORTS
Gold and silver een idea.es
U. 3. uut.es held fur redemption of certificates
Oasli balance available March 1, 18$ 1
Total
;
Available assets—
Cash in .the Treasury.
1884, AND FOR THE SEVEN AND TWELVE
MONTHS ENDED JANUAR Y 31, 1884.
| Prepared by the Bureau of Statist! csTmd corrected to Feb. 3, 1884.]
Below is given the -seventh monthly statement for the cur¬
rent fiscal year of the imports and exports of the United States.
The excess of the value of exports over imports of merchan¬
was as
follows:
The total
$1,4>3.50t ,1 33
; 1,1 80,093,719
INTEREST PAYABLE
A mount
of
BY THE
Interest
outstanding.
Central Pacific
$25,885,120
Kansas Pacific
0,303,000
Union Pacific
27,230,512
Central Ur. UP..
1,000,000
Western Pacific..
1,970,500
Sioux City & l ’ac.
1,028,320
$67,590,074
...!
$1,572,837
i
522,040
218,58.1,321
of deposit ,|
18.215,000
{
*
..
Total
12,057.305
i
145,531,281
]
$390,293,431.
Interest
$64,023,512
paia
$24,229,108
"
repaid by interestpaid
transportal'n j
by U. JS.
$4,753,793
|$19,827.053
..
Imports
Excess of exports over imports $23,499*.055
Excess of imports over exports l
AND
SILVER—COIN AN
$122,110
1884.—Exports—I )om.— < fold..
do
Silver..
Foreign— Gold
Silver..
Total
Imports—Gold
Silver
Total
j
,549.709
$17,935,809
j 1,382,211
|$42,569,730
Tie following statement, from the office of the Treasurer,
issued this week.
It is based upon the actual returns
from Assistant Treasurers, depositaries and superintendents of
do
Silver..
Foreign—Gold
do
Silver..
Total
Imports—GoM
Silver
Total
Excess of exports over
Excess of imports over
TOTAL
imports
9
BULLION.
$3,4 25,638
$1,420,916
,9,054. f
t
14,418,902
2,743,998
135.255
11,171,174.
7,192.9-J8|
765.086
$2 409,161
$524,229
1,1 03.235
$17,3 in i/>
$3 1,759,7 12
$14,793,069
$21,270,551
9,39:1,8') l
14,421,790
$1,097.164
$2 4,195,90<>
$35,692,311
$
$
6.840,785
3,932,029
$6,916,237
$37,513,703
6,880,429
11,929,928
1,308,534
558,814
211,673
3,359.4 10
$2,551,889
$17,403,/ao
$56,300,1.93
$1,309,039
$11,250,607
$13,578,127
894,802
5.724.3 10
9,458,847
$2,20 4,411
$10,5)91,015
$23,030,974
$422,780
$33,269/219
$347,418
.
5.553.903
i-...
exports
MERCHANDISE AND COIN AND
1884.—Exports—Domestic
Foreign
Total
$39,582,607
$ 7 7, • ■•*’ I, '2 1
31,650
$34,000
1,919,075
user an statns treasury statement.
10,66 1,121
!, 188,975
$793, I 11,148
L3
$80,060,253 $'.0:;.0L
56,971.1 9u 429,026.9 Ml 752.85 9,481
Foreign
Total
1883.—Exports—Dom.— Gold..
1,717,998
$1,000, $5,000 and $10,000 ; bear 0 per cent interest in currency,
payable January 1 and July 1, and mature 30 years trom their date.
:
-
1,429,481
°f
mints and assay offices
imports $ 19,0 .’7, 181 .$ 8 i ,99!’.' L .) $10 1.3; 0,2 >0
exports
6,333>‘93.—Exports—Domestic .. .. $78,89 1.27s •$ 195.317.312 $705.2*
IS.184.>15
162,399!
j
-yj .05 1
OS M14674
99.200.6 49
3
Excess of exports over
Lxceso of imports over
1
/
.
$780,697
$01,100,798
presented in
1
For the 1 2
/’)r the 7
tn'nlhs ended ‘m'uths at tied
dan. 31.
j
dan. 31.
51.312,H5
Excess of exports over imports
Excess of imports over exports
9,307
130,905
are
$73.1M>.d72 .$ 17039 16.9s.; $ 9
3,263,371
9,924,302
for the seven and
$72,747,900 $ 1 02,479,079 $771,346 390
9.1 >•», 91.i ,
1,2 12.066
1 1 ,43 S.;>(,4
j
3.055.051
The Pacific Railroad bonds are all issued under the acts of July 1,
1862, and July 2, 1864; they are registered bonds in the denominations
*as
.faunary.-
! 15,950,582
0.318,123
25,774,94 5
1,597,808
1,727,305
1.513,117
‘
Pa lance of
-
Total
Tm ports
do
!
...
Foreign
UNITED STATES.
by JJ. S.
..
_
ISSL—Exports—Domestic
RAHAVAY COMPANIES.
‘
Character
Issue.
i
$2,582,530
■
month of
1
$1, <79.794.585
3sjG,293,4 51
$390,293,451
PACTFIG
domestic and foreign
values of imports and of
GOLD
BOND,8 ISSUED TO TIIE
$19,677,487
91,69 ».310
101,370,230
Month ended January 31, 1881
Seven months end d January 31, 1881
Twelve months ended January 31, 1881
$10,30 1,1 95
_.
JANUARY,
FOR
•1.229
.....;
Interest thereon
3.188 55
100,257 00
paid
For the.
Debt, Jess cash in Treasury, March 1. 1.884...'..
Debt, less cash in Treasury. Feb. ], 1.8$ 1
90,000 00
58,913 92
AIERC1I \ NI USE.
$590,522,21-11.
Total debt bearing no interest.
Unclaimed Pacific Railroad intt re.-t
.1
23 38
.
Quarterly interest checks and coin coupons
United States bonds and interest
Interest on District of Columbia bonds
Speaker’s certificates
19
,375,500 90
63 1.300 26
exports for tlie month of January, 1884, and
twelve months ended January 31,
1884,
the following tables :
*
I.
interest, to date
$1 5 4,805,9 75 71
07,017,057 40
1 20,822.309 00
28,490.990 91
4,919,912 85
30,600.070 09
13,390.109 GO
;
Deposits held by national bank depositaries
dise
305,800!
1 1.000
.....
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
29, 1884.
5498,735,509 14
Outstanding.
Refunding certificates
Navy pension fund
73
G,980,307
RECAPITULATION.
Bonds at 4 ^ per cent
Bonds at 1 per cent
Bonds at 3 per cent
$396,998,162 04
094,710 31 390.293.451
•
j$590,522,214
I
4,229
Aggregate of debt bearing no interest
Unclaimed Pacific Railroad interest
Interest-bearing debt—
10,098,805 01
Redeemed certificates of deposit, June 8, 1872
Legal-tender notes —
July 17, ’02; Mar. 3, }
’03; June 30. ’04 5
12,525 56
57,786 40
1,140 00
00,750 79
146.228,991 51
ASSETS, FEBRUARY
date is
Character of Issue.
...
Total Treasurer’s general account
Less unavailable, funds
Aggregate of interest-bearing
DEBT BEARING NO INTEREST.
327,163 66
12,731,816 10
200,554 00
319,607 40
11,305,2 19 1 4
705.155 08
108,443,500 00
110,137,821 00
.1 8,215,000 00
Matured bonds and interest
Called bonds and interest
Old debt
Gold certificates
151,033,450
$8,104,391.
debt on which interest has ceased since maturity.
There is a total of over-due debt yet outstanding, which has never
been presented for payment, of $12,007,305 principal and $522,040
interest. Of called hands embraced in this total the principal is
5-2Os of 1862, $357,900; do 1861, $19,100; do 1805.
u follows:
$60,1-50 : consols of 3 805, $281,150; do 1867, $601,200; do 1868,
$100,750; 10-iOs of 1861. $189,100; funded loan of 1881, $318,650;
3’s certs., $5,000; 6s of 1861, continued at 3bj per cent, $275,750; 6s
of 18G3, continued at 3^ per cent, $50,350; os of 1881, continued’
at 3h2, $808,100; loan of 1882, 3s, $8,029,700.
39,398,528 60
Currency and minor-coin redemption account
Fractional silver-coin redemption account. .*.
Interest account, Pacific Railroads and L.& P. Canal Co
Treasurer U.S., agent for paying interest on D. C. bonds
Treasurer’s transfer checks and drafts outstanding
Treasurer’s general accountinterest due and unpaid
$1,572,837 91
$305,800
11,000,000
-.
32,797,093 98
Disbursing officers balances
j$ l,014,29 5,850'$208.230,250
20/791
$0,749,893 31
Department account
Fund for redemption of notes of national banks “failed,"
“in liquidation,” and “reducing circulation”
Undistributed assets of failed national banks
Five per cent fund for redemption of nat’l bank notes.
Fund for redemption of national bank gold notes
57.152,800
192,847,2 >0
586.500,100
29, 1884.
LIABILITIES, FEBRUARY
Post-office
$
$26 4,891,550
At option, Q.-A.
Sept, 1. ’91 Q.-M
July 1,1907 Q.--J.
281
CHRONICLE.
....
BULLION.
$74,419.731j$472.495,14f>,$789,190,93O
I
2,039,402! 15,905,018! 31,353.736
$76,458.1.-43$ 188,300.1<») $320*54 4,666
I 55,999,94 '! 413,444,032
Imports
Excess of exports over imports £20,453,18 0 $74,9*»o,53i
Excess of imports over exports
I
720,107.015
$100,437,651
THE CHRONICLE.
282
January.
1883.—Exports—Domestic
$80,814,353 $509,150,028 $814,700,024
Total
$32,932,142 $523,415,232 $839,747,311
Excess of exports over imports $23,756,503
Excess of imports over exports
The
775,395,455
$63,851,886
445,007,92 2
$78,407.3 iO
59,175,639
Imports
25,047,317
14,265,204
2,087,789
Foreign
feeling on the part of capitalists. In consequence of those
operations the value of money has been forced up to the extent
of about half per cent, and up to the present time the rise has
been very satifactorily maintained.
It is, however, doubtful
if the money market will, long retain its present firm
appear¬
There is no considerable supply of bills in the discount
ance.
market, and the recent spasmodic movement in the monev
market lias had an adverse influence upon general business
which is not likely to be recoved immediately.
New loans are
also few, and there seems to be a general disposition shown to
trade and speculate with the greatest caution.
For the 12
For the 7
months ended m'ntlis ended
Jan. 31.
Jan. 31.
For the
month of
principal customs
following is a statement showing, by
merchandise imported into, and exported
from, the United States during the month of January, 1884,
and the values of imported merchandise remaining in the ware¬
districts, the values of
Exports.
$
182,381
101
3,951,529
£9,457
Bangor, Me
62,0*68
23!) j
Bath, Me
Beaufort, S. C
Boston & Charlest’n. Mass.
IS 3,008
1,912
A
,516,781!
5,286.827
88,811.
328:
114,551!
18,!)o7!
42,489!
Santiago, Tex
Brazos <le
$
$
*
803,295
Baltimore, Mil
Brunswick, Ga
Buffalo Creek, N. Y
249,7(59;
4
31,303!
Cape Vincent, N. Y
Champlain, N. Y
49.081!
Corpus Christi, Texas...
Delaware, Del
114,758
70,471
Detroit, Mich
Galveston, Texas
Gencssee, N. Y
Gloucester, Mass
Huron, Mich
Key West, Florida
Minnesota. Minn
—
5,88*7
146,7351
1,632
Oregon, Oregon
Oswegatehie, N. Y
Oswego, N. Y
122,5711
318.014
51,726
110,969
23,811
28,191
158,572!
22,846
156
57,017
908,506!
10.141'
851,997 18,665,501
5,910,788.
3151
2,432,571! 3,274,415
«
29,412'1
•
|
Interior p >rts
All nther customs district
17,247!
97,763'
1, 656, 9 40
i
1
,165
•206
.
!
.
276
12,066!29,90?J,012
gugltslx petos
Latest
Date.
Ti me.
LONDON
! £
1 2
.
“
it
Vienna
Antwerp....
Paris
Paris
St. Petersb’g
Genoa
Madrid
Cadiz
Lisbon
“
12 2@ 12*3%.
12*47b 3 12-5:%
20*60
320-70
2060
@20-70
12*27
12-30
25*50 @25*55
it
25*23Sa @25*28*4
“
25*45
“
22*4
“
25*50
,
“
Feh.
Rode.
Feb.
Feb.
Feb.
Bombav
Calcutta..
..
..
.
@25*50
.
Hong Kong..
Shanghai....
“
@*2*i7s
....
Feb.
Feb.
Feb.
15 Checks
15 3 mos.
it
15
Feb.
15
25-4 7*0
20-48
12 14
......
25-26
25*25
231I30
'@25*55
457h@461b
46
@46}b
517e @51 ‘Ye
3 mos.
47*20
.....
Fob.
Fob.
Fob.
Feb.
Fob.
Feb.
4S;V@4914
is. 7*d.
Is.
1.5 Short.
15
15
:
Constant’pie
deni.
12*12^
.....
Alexandria..
New York...
15 Short.
7*id.
....
'Feb.
....
lull.
15
15
3
1.5
Sight.
.
mos.
*
•
15 Cab. tr.
15
15
15 4 mos.
it
15
!
[From our own correspondent. ]
9,868,663
25,294,221
13,130,343
12,890,293
24,384.383
11,748,463
15,829,060
20,956,602
16,573,159
21,907,108
22,605,922
20,737,213
27,012.124
Jan. IF 3
is;
25
3
1
3
8j
3b:
lo!
“
3W
53i ia
97
110*43
4-90
Is. 711 Kid.
1b. 7- {s2<1.
3s. S*8d.
5s.078(l.
—
3'<tfi)3V
~
.for deposits by
Stock■
Qiti'il
2
2
It
7 to 14
Days.
1*4 2 -2
194 2 -2
1
2
U4 2
2
2
-2
2l4-2'4
2% 2K-3
214 294-3
2.4
during the
the state of the bullion market
to
•
2}4
3*4® V.4
3V£$4
~
Disc't ir$es
Banks' Call.
3
3’4<3;3'4
3h>'M '
3
j
Joint
i
Six, ;
Months Months j
-2'idV.i
2/443
2Y’294<3>
Interest allowed
!
♦
1
Three | Four
Si r
,2^3*4
,2%®V.4
-!2»k'4 -;2Y(4 -2%.*.3'4'3 ©3.Y
■l%<& — !2?4@2%'3 ®— 3 (Yb-i 3 ©3b>
Z'4® —'
—1 SWMiM 3' 4".3 'I 3.Y04
2 W<?>2 hi2 Y®
3
Feb.
;
Mont hs'1 Months-Months Months
1
“
1
Four
’
!
Trade Bilks.
•
Abell remark:
past week, Messrs. Fix ley <Sc
.
Short.
Amsterdam. 3 mop.
Berlin
it
Frankfort...
7,757,364
23,241,782
12,383.372
1
Three
In reference
•
Amsterdam
0,795,10 >
22,529,504
21,883.005
13,237,832
Bank Bills.
London1
61,331
EXCHANGE ON LONDON
Rate
25,433,965
Open market rates.
213,732
.
Time.
£
2 4.733,745
25,068,010
following are the quotations for money and the interest,
by the discount houses to-day and same day of the
previous five weeks:
“
On-
1831.
allowed
“
EXCHANGE AT LONDON—Feb. 15-
£
8,891,020
22,485,2 10
13.453,063
23,140.675
36,,831
7,575:
RATES OF EXCHANGE AT LONDON AND ON
AT LATEST DATES.
1832.
£
37 Y
43
40 83
46 Y
to liabilities
6 p. e.
3 p. c.
3b> P- c.
Bank rate
3%) p. c.
99 fid.
101 k-d.
102-VL
lOOYd.
Consols
42s. 3d
40s. bd.
46s. 5d.
37s. 3 i.
Eng. wheat, av. price
5 Yd.
63sd.
Mid. Upland cotton ..
67i6(l.
57Bd.
9 *4 d.
9 Yd.
lOM.
10i2(l,
No. 40 mule t wist
Clearing-House ret’11. 97,744,000 132,490.000 153,317,000 134.347,000
2,111
7.V,413
WX tuietaryl®ommevcial
18-3.
£
24,766,815
Circulation
Public deposits
Other deposits
Governm’t securities.
Other securities......
Res’ ve of notes & coin
Coin and bullion in
both departments..
Proportion of reserve
3*1.,472
,936
661,,603
92,,1)7 I
5 13 ,o55
516,16!
5 1.3 i 2,485:72.7 47.906 1,2
Totals
o
1 59
40!
,01!)'
54 .709!
|
•
1884.
The
'
2,350,,118
3.761,,856
|
Wilmington. Cal
Wilmington, N. C
Yorktown, Va
»
*<
74, 3 14
33*3!
59. 490;
170
13 ,3851
94 ,298
45.,359,'
20,,2
89,912
25,147
.
6, ,069}
21, ,528!
...
1,375.931
39,063
90,137'
105,,77L
750
66,.51;
801
!
39,395
972
6.052
58,,748
Saluria, Texas
San Diego. Cal
*8,258
r
1.212 2391
118.400'
Richmond, Va
.Salem and Beverly, Mass..
1 9,798
261,362
67,3*3*8
31,457 i
60,9061
186,787!
833!
Philadelphia, I’a
Plymouth, Mass
Portland it Falmouth, >
Portsmouth, N. II..
Puget. Sound, Wash
..
........
1
19,569!
Pensaeola, Fla
10,027
351,939
10,921
2,776,172,
34,154!
Pearl River, Miss
69.676
3,635
2,537
68,143
Passamaquoddy, Me....
50,323
108,492
7,6211
Paso ilel Norte, Tex. A. N. M.
197
2,773
4,675 3,222,25ft
152.93t I
35,503
76,219!
153,598!
Norfolk anil Portsm’tliA
491,320
** i
■
1,181.930
H,997,704
169,472
San Francisco, Cal..'
Savannah, Ga
Tec lie, i.a
Vermont, Vt
Willamette, Oregon.
95
495
9}
3,806,302;
40,319
59,369
6,058
Niagara, N. Y
4,438
2,586
4,513
Mobile, Ala
437
121,147!
53,000,
15.
New Haven. Conn
New Orleans, La
New York, N. Y
4,833,925
7,986
yQ
2,043,0:
11.45 s I
Chicago, Ill
27,756
37,905 j
102,831
48,813
Charleston, S. C
?>l2 per cent lias had its usual effect, viz., to improve the
exchanges and to attract gold to this country. Up to the
present time no considerable amounts have arrived, but at all
events the outward movement has been checked, and some
addition lias been made to the supply of gold by the receipt of
moderate quantities both from home and foreign sources!
Future Bank of England returns are likely to show increasing
strength. The present week's changes are incidental chiefly
to the financial operations of the government.
The payments
of imperial taxation and also for exchequer bills have varied
the totals considerably, but the proportion of reserve to liabil¬
ities is about the same, viz., 40*83 per cent.
Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of
consols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair 2d quality,
and the Clearing House return for the past week. compared
with previous years :
to
Dom cstic
Imports.
Customs Districts.
’
in the Bank rate of discount
On the other hand the advance
States Januarjr 31, 1S84:
houses of the United
|Vol. xxxvm.
Bank
Gold—Wit h the exception of £20,000. sovereigns, taken from the
for South America, There has been hat little demand for gold, and sover¬
eigns and bars to the value of £211,000 have been sent in. The arrivals
since our last have been £11.000 from Australia. £ 11.009 from West
imlses, £13,000 from New Z 'aland. £119,000 from tne Cape; total,
£178,CO ). The Tamar has taken £ 15,2 >0 to the Brazils and the P. and
O. steamer £10,0( 0 to Calcutta.
•Silver—An improvement m the value of bars has taken place, and the
price may now V>3 quoted as 5l1s,L per oz. standard; the
been for'India. WTe have received since our hist £40,090 from Chili,
£7,100 from West Indies, £60.000 from New York; total, £107,100.
O. steamer lias taken £1 13,000 to India.
The P.
Mexican dollars have improved in sympathy \vi:li bar silver, and
demand has
193,000 in
tlioss brought by the French steamer Ville de St. N a zaire,
value, have been placed at 49:Vl. per oz., chiefly for refining
The Valetta has taken £13,500 to China and the Straits.
The
quotations for bullion are reported as follows:
Price
j Feh. 14.
Bar gold,
Bar
gold,
20 dwta.
j
fine....oz.!
s.
77
9
d.
,
d.
s.
91
77
silver..oz.1 77 10Y
73 (Bo
77
84
73
73
■
10hi
914
BY
8Y
il
H
jj
—
d.
j
!i
Feb,
Feb. 14.
7.1!
Feb.
•
73
( rrlce of Silver.
||.
of Gold.
eontaln’g!
doubloons.oz.l
8.Am.doubloone.ozJ
Span,
purposes.
Bar
ing 5 grs. gold..oz.
Cuke silver ...oz.
Mexidtm dols...oz.
■
d.
51
silver, flne..oz.
Barsilver, contain- \
1
51Vj
55Y
4994
7.
-
-
5156
55
40Y
76
oz. j
Feb. 16, 1884.
C. S. gold coin...ozj 76 8J4
f! Chilian dols
1
i!
In the money market during the "past week a somewhat Got. gold coin. ..oz.l
Tenders were opened at the Bank of Eng land yesterday
quieter feeling has prevailed, and more confidence has been
apparent. There has been no demand for gold for exportation for £2,000,000 Liverpool Corporation 3)g per cent stock, and
to Australia, and the rate at New York on London for cable the total applications amounted to £2,100,100, at prices vary¬
transfers lias risen to 4*S9.
The Australian demand for gold ing from £101 10s. per cent to £00, (lie minimum. Tenders at
00 will receive about 80 per cent of the amount applied for,
seems to have been quite a speculative operation, but it has
produced a temporary scare, and has led to a very cautious those above that price being allotted in full.
London, Saturday,
March
and open market rates at the
Bank rate of discount
The
Continental cities now and for the previous three weeks
have been as follows:
chief
Bates of
Interest at
Bank
Open
Bate, iMarket
3
Bank
Open
Bank
Open
Bank
Open
Rate.
Market
Rate.
Market
Rate.
Market
3
3
2)4
2U
4
Berlin
i
m
3)S
2yj
2)4
2%
2%
3*
3)4
4
Amsterdam
8M>
Brussels
Madrid
8)4
2%
2%
SH
3H
5
5
D
4
3)4
a
-
Frankfort
!
-
Hamburg
Vienna
St.
Annexed is
j
6
Petersburg..
Jan. 24.
Jan. 31.
Feb. 7.
Fel. 14.
—
~
2?4
2>4
2%
4
—
.
3
2H
2.4
4
2 :i
2H
3)4
3)4
3)4
3)4
3)4
2H
3)4
3)4
5
5
5
5
5
4
3}4
4
3)4
4
3)o'
a
a
8
a
a.
a
e-
nations of the passengers
that left the United Kingdom for
places out of Europe during the month ended Jan. 31, 1884.
compared with the corresponding period of the previous year :
MONTH ENDED JANUARY
CONSUMPTION—TWENTY-FOUR WEEKS.
SUPPLIES AVAILABLE FOR HOME
1831-82.
1832-83.
1833-84.
Imports of wlieat. cwt.26,746,486
6,996,143
Imports of flour
of home-grown
21,800,000
produce
23,929,802
3,754,337
28,030,483
20,390,000
19,333,000
16,403,700
58,705,807
52,017,139
50,899,303
Id.
46s. lid.
6,465,120
Sales
Av’go price of English
'wheat for season.qrs.
Visible supply of wheat
in the U. S
bush.3
39s. lid.
41s.
21,400,000
17,300,000
2,374,000
3,090,000
42s.
7d.
28,400,000
Supply of wheat and
flour afloat to U. K.
Exports of wheat and flour for five months
Wheat
Flour
:
1832-83.
cwt. 270.651
291.713
24,418
79,800
1881-82.
243,976
35,949
In the
following statement is shown the extent of the sales
home-grown, wheat barley and oats in the leading markets
of England and Wales during the first *24 weeks of the season,
together with the average prices realized, compared with pre¬
of
vious
31.
1830-31.
30,756,893
7,558,911
1883-31.
return of the numbers, nationalities and desti¬
a
283
CHRONICLE,
THE
8, 1884.]
seasons.:
SALES.
British Xo
A meric.a.
United
St a tes.
.4// other
Places.
Austra¬
lasia.
■
Rationalities.
1884.i 1883. L3S4. 1883. 1884. 1833.
1384. 1883
425
3,225 3,4 4 4
English
5|
588
354
831 1,002
Scotch
Irish
Tot. of
84,
439 3,241 3,402
219
539
2
883
»■*
79
British origin 4,410 5,034
514j
570
908
21:
27
5,16 4 5,942
j
535i
Foreigners
Nationality not distin-
75 4
guished
Total
—
938
912
73
111
33
•>4
a
100
61
....
134
165
116
238
597 4,563 4,188 1,329 1,500
fact, and only buy from
unusual mildness, the
weather has become cold, but far from severe.
Easterly winds
have set in, and, in an agricultural point of view, the change
is a very satisfactory one.
The wheat plant was becoming in
several localities “ winter proud,” but if this weather should
vegetation, which is very forward for the time of
year, will receive a wholesome check.
The change in the
weather is advantageous in two ways ; firstly, by checking
any premature growth of vegetation, and secondly, by improv¬
ing the condition of our home supplies of wheat. Of late
there have been some complaints that the very mild winter
continue
had affected the condition of the wheat
it
was
considered
that
a
qrs.
Harley
Oats
1,512,184
2,4.33,099
299,107
in granary, and hence
better demand existed, and would
continue to exist,- for hard and dry foreign wheats. A contin¬
uance of this weather should be calculated to be unfavorable
to that demand, but there is
1882-83.
18 81-82.
1830-SI.
1,176,591
1,546,531
1,115,361
1, 01,527
149,369
9 44,425
1,336,557
106,660
142,06 3
AVERAGE PRICES.
1883-84.
d.
s.
39 11
32 10
19 10
Oats
very
but millers pay no attention to the
hand to mouth.
After a winter of
Wheat
4,463 4,127 1,019 4,017
stubborn state. The
statistical position is regarded as more favorable to holders ;
trade remains in
The wheat
1833-84.
1832 -83.
d.
s.
1
41
34
20
1S81- ■82.
d.
46 11
33
8
20
9
8.
1
9
1830-81.
s.
42
33
21
d.
7
6
2
Converting quarters of wheat into hundred-weights, the
kingdom arenas follows :
totals for the whole
1883-84.
1331-82.
1882-83.
1830-31.
20,390,090
19,333,000
16,403,700
cwt.21,800,090
jjtjp' This aggregate is arrived at by multiplying the sales in the 187
markets above by 313, and that result is reduced to cwt. by multiplying it
Wheat
by 413.
This proportion between the 187 markets and the totals for the
kingdom is adopted by the London grain trade and is accepted by it as
producing a result approximately correct.
The
following figures relate
to
the month
ended 31st Jan.
nary :
IMPORTS.
1883.
2,3 49,778
28,335,22 3
1882.
Cotton
1,532,910
21,289,389
ewt.
Wool, sheep and lambs...lbs.
1884.
2,037,791
60,309,53 4
EXPORTS: FOREIGN AN1» COLONIAL.
Wool, sheep and lambs...lbs.
EXPORTS
..tons.
Coal, coke and fuel
Wool, slice]) and lambs..lbs.
lbs.
Cotton yarn
..
Cotton
Jute varn
Jute piece
goods
BRITISH AND
1,449,497
1,001,100
20,153.500
370,647,700
1,057,200
...yards.
14.9 12,500
lbs.
1,73 i.200
piece goods.. ...yards.
18,718,400
Linen yarn
Linen
:
lbs.
piece goods. ...yards.
Silk manufactures..
Woolen and worsted
Wool fabrics
.
169,729
10,315,664
100,447
7,948,618
Cotton
£
271,578
yarn.lbs
2,235,600
..yards.
7,723,200
121,524
8,012,953
IRISH.
1.588,358
900,300
1 9,91 2,000
410,793,100
1,635,00 9
17,223.000
1.430,590
17,652.700265,945
2,238,900
8,749, 100
14,553,300
1,712,497
1,370,500
20, 143,200
3 41,651 300
1,829,500
18,899,500
1,497,500
17,521,400
216,238
2,091,200
8,972,200
7,0 43.000
1,232,700
1
undoubtedly a diminished foreign Worsted fabrics
19,550,509
...yards.
872.000
Flannels
1,040,100
yards.
stock here, as the granary keepers are seeking for orders to till
945,600
826,700
1,006,700
...yards.
Carpets
139.600
157,271
152,010
pairs.
up their warehouses.
They will, however, find no difficulty in Blankets
and
Copper,
mi wrong lit
82 222
101,142
effecting this. There are large supplies of flour offering for sale,
67,223
wrought
tons.
289,302
213,592
317,390
and excellent parcels are being: disposed of at the low price of Iron and steel
The following.were the quantities of cotton manufactured
only 26s. for 280 lbs. Barley, of which the farmers have been
selling freely since harvest, owing to the unsatisfactory state piece goods exported in January, compared with the corres¬
of the wheat trade, is being less freely delivered by them : ponding month in the two preceding years :
but those who have grown good malting barley have had
1872.
1883.
1834.
Exported to—
Yards.
Yards.
Yards.
satisfactory returns. Very little good barley now remains to Germany
4,063,000
3,962,500
5,359,000
4.659,600
4,257.100
4,734,800
be disposed of, and a low average price may be expected. Holland
Belgium
4,015,200
4,096,600
6,3.45,300
This may dispose many to arrive at the conclusion that farmers France
8.120,400
5,252,700
4,712,800
5,264,600
4,431,000
5,076,200
will be compelled to sell more wheat, as there must be pro¬ Portugal, Azores & Madeira.
Italy
5,886,300
8,98 3,600
9,270,300
vision made for “ ways and means.”
Austrian Territories
865,300
1,277,900
703,800
Greece
4,330,900
3,248,900
2,645,600
The followings quantities of wheat, flour and Indian corn
25,052.200
Turkey
35,748,800
21,345,700
Egypt
7,916,400
20,348.800
3 3,058,800
are estimated to be afloat to the United Kingdom compared
West Coast of Africa (For.)..
2,876,600
3,543,400
4,439,100
with previous periods; Baltic supplies are not included:
United States
12,603,300
8,550,100
7,668,900
Foreign West Indies
4,«88,000
5,313,600
7,686,100
At present.
Last week.
Last year.
1882.
...
•
Wheat
Flour
Indian
qrs.l,770,000
1,830.000
2,055,000
2,037,000
315.000
144,000
262,000
163,000
233,000
2s5,000
159,000
107,000
corn
Annexed is
showing the extent of the imports of
into
the
produce
United Kingdom during the first
twenty-four weeks of the season, the average price of home¬
grown produce, the visible supply of wheat in the United
States, the supply of wheat and flour afloat to the United
Kingdom, and the exports of wheat and flour for five months,
compared vrfth previous years:
a
return
cereal
IMPORTS.
1882-33.
1881-82.
26,746,436
9,559,8 17
30,756,896
9,333,046
5,949,499
7,071,194
28,920,802
6,937,587
4,736,635
835,196
1383-81.
Wheat
.cwt.
Barley
gata...
Feas
feans
Man
•
corn
Ftour
891,054
1,273,387
12,392,446
6,996,143
1,052,453
1.115,403
6,453,356
7,558,911
1880-81.
810,701
28,030,483
7,271,396
5,140,452
1,315,667
1,101,141
11,103,S78
3,754,337
16,065,323
6,465,120
Mexico.....
Central America
United States of Colombia..
Venezuela
Brazil
Uruguay
Argentine Republic
Chili
China and Hong Kong
7,
f
Dutch Possessions in India..
Philippine Islands
Gibraltar
Malta
West Coast of Africa (Brit.).
British North America
British West India Islands <fe
Guiana
British Possessions in Soutli
Africa
British East Indies—
Bombay
Madras
Bengal
3,344,500
2,515,000
3,509,600
2,892,100
15,068,900
3,070,200
5,433,800
3,903,700
7,813,300
44,198,200
4,711,500
36,147,300
2,627,800
6,499,600
4,461,000
2,818,900
2.364,800
912,700
2,352,200
2,869,300
3,161,900
3,862,300
4,239,300
3,900,900
3,603.600
2,410,600
1,422,500
1,187,600
49,139,800
69,787,200
57,3o9,200
53,053,500
84,357,500
53,608,300
12,298,700
2,181,600
Peru
Japan
2,654,400
2,598,800
4,026,800
2,652,200
16,630,500
8,823,200
1,631,300
7,255,000
6,900,700
4,754,300
941,900
7,283,500
8,629,100
9,019,400
1,967,000
4,095,600
2,183,500
3,228,600
18.612,900
2,805,500
5,011,800
5,623,300
2,751,800
29,924,300
2,487,300
10,528,300
1,398,000
1,317,000
2,889,900
6,34 4,400
THE CHRONICLE.
284
5,733,600
Yards.
10,184,200
1,357,500
1,730,600
Yards.
Ceylon
patent net
Hosiery of all sorts
11,820,500
251,647,300
284,617,200
233,574,800
115,996,400
123,445,700
108;055,900
3,004,000
2,730,500
20,600
370,647,700
410,793.400
341,651,300
£
£
Thread for sewing
lbs.
Other mb's, ifnenumoratM.ii
Tot. value of cotton m’fs..£
3.120—The,
Annexed is
and
1,710,200
10,149,000
follows
Other manufactures of cotton show as
Lace and
,
7,233,200
predominating
Grand total
Yards.
7,050,800
7,016,900
Australasia
Other countries
Total unbleached or bleached
Total printed,dyed or colored
Total mixed materials, cotton
1884.
1883.
1882.
Exported to—
.
British East Indies—
Straits Settlements
9,220,300
8,638,700
previous
1884.
282,986
Insolvent bks
121,763
1,371,030
112,916
1,122,500
97,051
‘07.618
105,114
5,434,820
5,890,137
4,927,725
Liquid’t’g bksjl3,220,330 13.076,261
ltedue’g und’r
act of 1874.!21-,685,538
22,236,913j 25,352,098
1,124,000
,
IMPORTS.
1382.
£
.£
£
20,279,551
2,106.573
22,296,30 L
22.027 016
1,322,251
1,030,3 l* 5
Atlantic ....95,163,010
77,839,315
10,015,755
90,001,141
6,653,596
0,028,190
152,483
Pacific..
For the near—
From ports on the
Do
d»
1883.
1881.
...
...
8,016,518
Fiicitic.
7,>59,823
7.158,309
301,881
....
305,283
1,155,706
...
$
794,468!
752,021
776,057
36,152,101139,300,844’41,447,38S]40.315~3(i
-35,750,308
Total
Bonds held by National Banks.*—The
following interesting
statement, furnished by the Comptroller of the Currency, shows
the amount of each class of bonds held against national bank
circulation and to secure public moneys in national bank
on Mar. 1.
We gave
in Chronicle of Feb. 2, page 136, and
depositories
changes made during the month can
the statement for Feb. 1
by referring to that the
be seen.
d.
Silver, per oz
51ift
51ift
101*8
1015a
5D-S
101»,«
Tues.
j
Wed.
51 ly
51is
51ift
!
101
1110 I01r,s
iou*16 1013t
76-25
115 G
76-35
1261-1
1261-4
557s
93*8
25*8
V
9234
26 !s
134
603*
60*8
29 *y
2 9 78
i 1 8 *4
L17'h
1102
|7G'47 *-2
j 115*8
(126
1 1 5
55
....
New York Central
Fri.
Mon.
Consols lor money
101*8
10134
Consols for account
Fr’ch rentes (in Paris) fr. 76-3 0
U. 8. 4^s of 1891
115*8
126 *4
U. 8. 4s of 1907
55 *t
Canadian Pacific
91 7s
Chic. Mil. Sc St. Paul
25 7g
Erie, common stock
134 4
Illinois Central
Pennsylvania
Philadelphia Sc Reading.
Thurs.
Sat.
101/2)
101i*ia
76-35
76*40
L 151.4
125 m
II0I4
55:U
55*8
93'4
25*9
!133i2
93*4
i
1
!
134
!
11 RD
:
126
55*4
93 hi
25*4
1321-2
60io
25
132*4
60*8
j 60 *s
60*8
297h
30
:-:o
j Sot.
Liverpool.
1
1
Flour (ox. State).. ICO lb.
\
Wheat,, No. 1, wh.
•
4 4
Spring, No. 2...
Winter, South, n
44
Winter, West., n
Cal., No. 1
Cal., No. 2
Corn, mix., old
*.
iu
9
1
0
s
il
.
.
..
.
8
1
b
1
8
! 8*
t
3
i?
i
v<
■>
!
7
9
!
5
,
S
1 9.
*
p
IS
6
7 1
■
7
5
\
e
0
,
ii
8
8
9
8
9
4
5
73
15
95
IS
71
72
ti
J ’>
i >
95
•S
7 1
0
•<*’.
il 1
0
! 8
0
s
i
9
8
•3
3
1
8
1
8
1
7
jj
8
G
0
t)
AXbscell;
11-j
0
g!
0
1
0
0
t
i
0
*'.
1
!
»
*}
/
w
•
4 'e
0
C
i t 3.
,'9 \
6
17
71
9
2# \is
0
i)
1,484,500
0,066,050
42,020,900
107,536,350
43,505,400
113,602,400
$16,350,000
$311,533,050
$358,383,050
Total
Coinage
by
United States Mints.—The following statement
kindly furnished us by the Director of the Mint, shows the
coinage executed at the Mints of the United States during the
month of February and for two months of 1864.
;
Month of February.
1 yi eccs.
•
72,150
Double i-judos
9
8
Quarter cables
8
4
Dollars
2
3
Total
11
,
1
P4 1 1 5
0
71
O
1 1
1)
9 1
6
J 7
0
71.
Two Months
.
Value,
i
$
1
$
3,109.600
1
30
30
30
300
150
90
30
30
30
j
155,636
3,110,215
2,350.000 :
4,700.000
4,760,090
i
72,159
1, f.49,000
5
VC ID 3
2,850,000
Standard dollars
Half dollars-.
.........
........
Quarter dollars
Value.
Pieces.
175, ISO
—
^fold
of 1881.
1,149,000 i
[
Eagles
t)
»
3,608,000
5s, ext. at 3k>
6s, ext. at 3^
II;.If ca-lcs
Three dollars
1
$197,667,250
Dehorn inalion.
s.
11
8
8
9
if
(5 in
,»
*
|
■t
9
$188,487,800
3,133,000
percents
J2
1
d.
9
7
< l
5
t'»
i <
71
Ji
L
5
5
0
;t i an 4
<£o mme
0
9
.)
;
3
9
Pork, West. imv.-*.
f>
Bacon, ionic clear new..
Beef, or. mess, no \V.7U:-. ;95
U
8
s
s
bbl. To
Lard, prime West.
Cheese. Am. ehou
8
9
44
Corn, mix., new..
11
1
li
..
(/.
9
7
n
1
$.
Total Held.
120,000
$9,179,450
4*aper cents
119
1 Thi
'at.
Circulation.
.»
*
Tues.
Bank
in Banks.
.
5 per cents
i
.6
Pub lie Deposits
Currency 6s
....
118*4
1 1 9
Description of Bonds.
3s, Act July 12,1882.....
securities, &e., at London
at Liverpool, are reported
follows for the week ending March 7:
London.
U. S. Bonds Held Mar. 1, 1834, to Secure—
i
816,614
English Market lleports-Per Cable.
as
/;>
1
........
........
........
bo
83,00 )
2,680,000
2,833,000
u
Dimes
Total silver.:.-....
890,000
Five cents
Three cents.
1 /ft, 009
1 .3 30.' 09
.
0,089,000
,
11,500 |
:
4,838,000
139,550
2.791,00)
'
....
........
-
-•
2.300
1,202.800
12.023
1,120,000
46,800
8/998,800
151,578
3,873,450
8,878,8 0
2 30.000'
.
National Banks.—The following
organized
Fort. Worth Nation il Panic, Fort Worth, Texas. Capital,
$125,« no. II. M. Van /..unit. Prcsidmit; N. llardhijr. Cashier.
American National l’ank of
Dallas, Texas.
Capital,
$100,000. W. II. Thomas, President; E. J. Gannon, Cashier
Legal Tenders and National
Bane Notes
to
Comptroller of the Currency has furnished ns the
following, showing the amounts of national bank notes out¬
standing Feb. 1, together with the amounts outstanding Mar. 1,
and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of bank notes
up to Mar. 1:
Mar. 1.—The
National Hank, Notes—
Amount outstanding Feb.
Amount issued during Feb
Amount retired during Feb
minor
Total colll.aire
:
Cashier.
in
Total
national banks have lately
The R*. Paul Nut ion, d IlanLvSt. Paul, Neb. Capital. $50,000.
George W. Post, President; Lee Lore, Cashier.
First National Panic of Plankinton. I>akota. Territory. Captill, $50,090. Ftobcrt \V. Welch, President ; George G. Weh ii,
Amount
$
838,927
,927!
>,261113,154,278 j 13,143,409 12,755,254
27,551,898j2S,781,058
26,566,419
25,593.316
1,376 831
28,040,592
...
The daily closing quotations for
and for breadstuifs and provisions
Changes
$
850,431
Mar. l.
EXPORTS.
For the quarter—
To ports on the Atlantic—
do
Do
Pacific
For the year—
To ports on the Atlantic ...
Do
do
Facitic
*3 ,129—
$
Feb. 1.
1883.
years :
Atlantic.
Jan. 1.
284,919
official estimate of the value* of the imports
an
For the quarter—
From ports on the
Do
do
been
I '
Dee. 1.
Nov. 1.
1882.
exports from and to the United States during the quarte1*
the past year, compared with
by cable
months:
270,869
122,147
ended December 31, and during
the two
According to the above the amount of legal tenders on
deposit Mar. 1 with the Treasurer of the United States to redeem
national bank notes was $40,315,369. The portion of this deposit
made(l) by banks becoming insolvent, (2) by banks going into
voluntary liquidation, and (3) by banks reducing or retiring their
circulation, was as follows on the first of each of the last five
Deposits by—
:
[VOL. XXXVIII,
Imports and
_
J
0,229.480 I
8,099,823
Exports for the Week.—The imports
of las
week, compared with those of the preceding week, show a de¬
in dry goods and an increase in general merchandise. The
crease
imports were $3,239,074, against $9,045,264 the pre¬
ceding week and $3,630,932 two weeks previous. The exports
for the week ended FeD. 26 amounted to $5,046,465 agains t
$5,26 4,4S2 last week and $6,394,219 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Feb. 23 and for the week ending (for general
merchandise) Feb. 29; also totals since the beginning of hist
total
week
in
January:
5
-
FOREIGN IMPORTS AT NEW YORK.
j
j
1,1884
j
j
notes Feb. 1, 1884
Amount deposited during Feb
Amount reissued Si b’nk notes retired in
$348,781,159
3,346,740;—
!
j
outstanding Mar. 1,1884*
Legal Tender Notes—
Amount on deposit to redeem national
!
For Week.
bank!
i
!
•
1882,
1883.
$3,572,402
7,340,575
$4,502,568
6,837,036
$1,887,984
6,351,090
Total
Since Jan. 1.
$10,215,513
$10,912,977
$11,339,604
$8,239,071
Dry tfoods
Gen’l mer’dise..
$23,213,731
$28,930,517
$27,076,029
$41,447,388
47,232,504
58,441,513
53,989,176
$24,996,714
51,233,149
1,132,019
Total 9 weeks..
$70,446,288
$87,372,030
$81,065,205
$76,229,863
$345,94'’,423
$845,640
j
1,977,059—
1884.
$3,932,942
6,312,571
2,S37,736
Dry goods
Gen’i mer’dise..
I
Feb.
1881.
$509,0011
i
Amount on deposit to redeem
bank notes Mar. 1,1884
*
uationalj
J
1
Circulation of national gold banks, not included above,
$689,879.
report of the dry goods trade will be
dry goods for one week later.
In
$-10,315,369
of
our
found the imports
March
The following
is a statement of the exports (exclusive o
specie) from the port of New York to foreign ports for
week ending Mar. 4, 1884, and from January 1 to date:
thj
EXPORTS FROM NEW YORK FOR THE WEEK.
■
reported..
$8,921,297
58,472,295
Total 9 weeks..
$67,393,592!
For
the week...
prev.
1884.
1883.
1882.
1881.
285
CHRONICLE
THE
8, 1884. J
$6,676,353
$7,720,703
51,253,210
55,078,113
$5,046,465
48,505,367
$57,929,563 $62,798,816
$53,551,832
the exports and imports of specie
port of New York for the week ending Mar. 1, and since
Jan. 1, 1884, and for the corresponding periods in 18S3 and 1882.
The following table shows
at the
the
following statement was submitted: Coal production
2,245,000 and additional tons purchased 93,000. Of this amount
1,530,000 were shipped to Port Johnston, and the remainder to
points on the Reading road. The amount expended for im¬
provements and charged to expenses was $275,000. The mort¬
gage debt was reduced $400,000 (exclusive of $34,000 deposited
for redemption of bonds).
Of $500,000 five-year mortgage
bonds which matured July 1, $200,000 have been extended four
years and sinking funds continued for the redemption of the
same.
The company paid interest on incomes during the year
and 2>i per cent on $6,116,000 consol, bonds held by the
Jersey Central Railroad. No definite action has yet been taken
regarding the proposition to lease the property to the Read¬
ing. The election for officers resulted as follows: President.
W. H. Tillinghast; directors, H. S. Little, John Keen, George B,
de Keim, C. C. Knight, F. A. Comly and B. Williams.
,
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Louisville & Nashville.—The Ohio River is to be
Imports.
Exports.
Gold.
umat
West
Britain
Since Jan. 1.
$
$
$2,000,000
$2,143,042
315,000
315,000
1,753
oo
9,000
11,000
56,467
43,751
4,145
48,431
$2,335,000
$2,563,263
$5,893
12,809
12,136
$118,280
$1,003
$ 1 ,Ot)8
Indies
South America.......
All other countries...
Total 1884
Total 1883
Total 1882
Week.
Since Jan. 1.
Week.
63,650
2,285,000
9,113,998
$376,600
$2,707,354
151,926
14,491
yS o S
468, S84
341,778
Silver.
Great Britain
16,990
•
Germany
1
West Indies
'
Mexico
South America
All other-countries...
1,650
1,650,
10,610
1
2,030
36,345
88.986
10,942
47,520
$397,870.' $2,941,795
6.890!
2.191.1331
Total 18S4
Total 1883.
Total 1382
37,052
140,470
661,325
34,132
6,000
$111,606^
$883,047
40.340!
296,682
75,458!
bridged
syndicate having taken the $2,000,000
bonds of the Henderson Bridge Company, to provide the funds
for that purpose,
The Louisville & Nashville Railroad Com¬
pany. the Southeast & St. Louis Railway Company, the Evans¬
ville & Terre Haute Railroad Company, the Peoria Decatur &
Evansville Railway Company and the Louisville Evansville &
St. Louis Railway Company have entered into a traffic agree¬
ment with the Bridge Company for ninety-nine years.
The
traffic of the several companies named, between the cities of
Henderson, Ivy., and Evansville, Ind., which is now done by
ferry transfer of ten miles, will be greatly increased when the
bridge is completed, making the railroad connection continu¬
ous and direct from St. Louis and Chicago to Nashville and
points south of that city.
The masonry work of the bridge has been under way for a
year past, and is nearly completed, the Louis. & Nash. Co.
advancing to the* Bridge Company the necessary funds. The
superstructure has been contracted for, and is to be com¬
pleted and the bridge opened to traffic in December of this
at
Henderson, Ky.,
a
year.
The
bridge in to be 53 feet above high-water mark, comply¬
ing with the requirements of the Federal law, and avoiding
the necessity of a drawbridge.
• ■
Of the above imports for the week in 18S4, $1,130 were
Tins is one of the most important works undertaken by the
American gold coin and $10,128 American silver coin. Of the L. & N. Railroad Co., as it is under the auspices of that com¬
pany That the enterprise has been projected and put in the way
exports during the same time $2,023,000 were American gold coin of
early completion ; and its good results should naturally be
and $1,650 American silver coin.
shown in augmented earnings of that company and the several
Gold Currency of the Argentine Republic.—In our arti¬ companies centering at Evansville.
—The Louisville M Nashville Company”announces the com¬
cle on the gold supply and distribution of January 26th, in pletion of tile Ov/enshoro & Nashville road.
About fifty miles
have been completed during the past year. The road will be
speaking of the now demands constantly making upon the operated under a separate organization, not as part of the Louis¬
world's stock of gold, we referred (page 102) to the Argentine ville system. The Louisville Company7 owned at the date of
the last annual report $959,400 out of a total issue of $1,156,500
Republic and its currency reform. According to the law of
!
216,600.
*2,177,313!
65.-),014
of stock.
October. 18S3, all
banking institutions of that Republic
were
Oregon A Trans continental.—A legal opinion lias been
required to make their notes redeemable in gold coin. The given ns to the liability of stockholders in this corporation,
which may ho condensed as follows: When this stock was
London Statist of February 9th says that, in reply to a circular
originally issued in 1881. the subscribers paid in only 83 per
note issued by the President- in November last, the banks cent of the.
par value-of each share, although they received
have now declared that only a short time will lie sufficient for certificates stating that each share had been fully paid up.
It
the withdrawal of the notes they have in circulation which appears that 17 per cent of (he nominal capital has never been
paid into the treasury of the company, and that under the
are not in conformity with the Act of October, or for making
constitution and laws of Oregon, under which the company
them legal issue by means of stamps or notices in the papers.
was organized, the ladders of stock are liable to the creditors
The ground, therefore, beingclear, the President of the Repub¬ to the extent unpaid upon each share.
The Supreme (-ourt of Oregon has held the liability to the
lic decreed in December as follows:
creditor to be in the following order : First, the corporation
Art. 1.—A period ol' six months is hereby allowed to tlnnc banks of
iflsuo that wish their notes to be receivable in thcState offices, to comply
with the Act of October 19lh, and 1 Ills decree, by changing their present
notes in circulation and setting forth on the new ones that they are pay¬
able to bearer in national gold money at sight.
Art. 2.—One year is allowed to such banks as, from any cause, may be
unable to change their issue for the new one, during which time they
either by
a visible stamp on which they promise to pay bearer in
or by notices in the loading papers of the capital of the
same tenor, make their issue legal.
Art. 3.-The time referred to in the foregoing article shall commence
to run from thirty days after the publication of tlds decree; and if,
when said lime shall huve expired, the banks shall not have begun to
exchange their issues for new notes, their legal privileges shall cease
until they complete said exchange.
Art. 4.—A post of Director-General of Banks of Issue shall be estab¬
lished in the Finance Department.
Art. 5.— Those banks at present authorized to issue notes, or whose
issue has been consented to by the National Government, and which,
can,
national
gold,
having complied with the provisions of the Act and of this decree, wish
their notes to be receivable in the State o dices, must apply to the Direct¬
or-General of Banks, binding themselves to send in monthly an exact
balance-sheet of its affairs, and showing its issue and reserve in coin, <fcc.
Art. 6,—Said balance-sheets shall bo examined by the Directors and
to the Finance Minister.
Art. 7.—The balance-sheets, add the reports aud observations made
submitted
on
same, shall be kept strictly private, and shall only be availed of to
inspire such prudent measures as may be necessary for the security of
the Republic. To this effect, if he consider it necessary, the Finance
Minister may order the Director to have the balance-sheets audited.
Art. 8.—The Finance Minister shall issue instructions for the receipt
of the notes of such banks as comply with these present provisions. The
others shall bo excluded.
Art. 9.—The Financo Min'ster shall fix the administrative attributes
of the Director General of Banks.
Art. 10.—Let this be duly reported to the Honorable Congress, com¬
municated, Ac.
Roc A, V. de la Plaza.
"
It will be remembered that throughout the early part of
1883 the quotation of notes was very nearly on a par with gold,
Jhd in June specie payments
Lehigh'
&
Wilkes bar re
were
Foal
resumed in the country.
Company.—At the annual
Meeting of the Lehigh & Wilkesbarre Coal Company last week
; seconds, the last holder of the stock, if lie
solvent, and, third, the prior holder to the extent of debts
must be exhausted
be
existing when he held.
[On questions of technical law, Hindi as this, it is desirable to
have an opinion on both sides. |
Chicago St. Paul Minneapolis & Omaha.—This
company,
it is stated, has sold $t. 100,01)0 6 per cent consols,
wore authorized to sell, to K. B. Hollins & Co.
which they
Auction Sales.—The following, seldom .or never
Stock Exchange, were sold at auction this week
Adrian IT. Muller & Son.
sold
by Mes3r8*
Shares.
00 Brooklyn Fire ins. Co... 170gj
lo American Excli. Ins. Co.. I 123u
10 American L’n A Trust Co. 101)
10 L. Island L’n A Trust Co. 107*4
1 Membership Maritime Ass.
of New York
$150
lONational Pahquioquc B'k,
Danbury, Conn
131
20 Bridgeport Nat’i Bank...175 10 Nassau B’k of Brooklyn. .202
65 Boston & Maine Rolling
Stock Co
$18 per share
10 Housatonic Rolling Stock
Co
$20 per share
5 Clark M’f’g Co...$10 per share
100 Standard Consol. Mining
Co
65a
1,000 Atlanta Ilill Gold Min¬
ing & Milling Co.25c. per share
100 Sir Roderick Dim Gold
Lot.$1*50
Mining Co
300 Cherokee
Gold Mining
Co
Lot. $1
100 Breece Mining Co—Lot. $L
200 Julian Gold Mining Co. &
200 Hite Gold Quartz Co.
Lot.$3
S hairs.
1,000 Hibernia Silver Mining
500
Lot. $U0
Co
Trinity Hydraulic Gold
Mining Co
Lot. $3
600 Northern Bell Mill A, Min¬
ing Co. (subject to 8 p. e.
assessment)
Lot.$10
100 Equitable Gas-Light Co.. 95*2
50 New York Gas-Light Co. 152
150 Manhattan Gas-Light Co.269
I 80 Metropolitan
Gas-Light
232
Co
:
100 Knickerbocker lee Co 99®99*2
7
127
Niagara Fire Ins. Co
15 Brooklyn Bank
(hypothe¬
130
cated).
12 American Exeb. Fire Ins.
Co. (hypothecated)
200 Ameiican District
113
Tele¬
graph Co. of Brooklyn... 30
50 Central Trust Co
291
40 Hanover National Bank.158
30 Home Ins. Co
140
38 Great Western (Marine)
Ins. Co
48
3,750 Lewiston
Mining Co
Hydraulic
Lot.$ll
THE CHRONICLE
286
The rates for actual business remain also unchanged at figures
which justify the export of gold, viz.: Sixty days, 4 863/(a4 87.
jankers' (gazette.
demand, 4 89%@4 89%; cables, 4 90@4 90%.
continue
4 85%;
DIVIDENDS.
Name of Company.
When
Cent.
Payable.
Railroads.
1
3
ptiiphnry Si. T.ewifttown
TTriirm Pacific (quar.)
West Jersey (couv. scrip)
NEW
YORK,
Books Closed.
Per
Mart’ll
5
1
1 March 11
1%
April
3
March 15
FRIDAY,
scarce
to Apr.
1
*31ARCII 7, 1S84-5 P. M.
Money Market ami Financial Situation.—Aside
excitement in the stock market incident to a partial
corner in Delaware Lackawanna & Western, and some general
interest in the outward movement of specie to Europe which
Prime bankers’ sterling
Prime commercial
^
*’
pronounced this week, there have been few
special features in the general financial situation. The chief
causes of the continued stagnation in the money market are
the small profits of trade and the decrease of enterprises. The
earnings of the railways, which until lately were the most en¬
couraging feature in the general situation, are now in many
cases falling off.
Further, the stocks of exportable doihestic
commodities do not find a ready market, and the visible supply
of grain in the United States is over 10,000,000 bushels larger
than at this time a year ago and over 20,000,000 larger than
Sixty Days Demand.
bills on London
4 87%
4 86
4 85
5 1678
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reichmarksi
some
JjUIlilh*
UIlIllHI
'Flir» r»ir»oinrr
at tho
u()\ ClllllKjIlI'
Interest
Periods
4%s, 1891
4%s,1891
NT
4
"V
Mch.
1.
reg. Q.-Mar. *113%!
DOIl(lS
Rn.-ar/l
.
113%
113k?
113%
96
I13.V6 DGGD 1(?SS
and 4*4s than
Mch.
3.
a week a^o.
Me ft.
5.
Mch.
6.
11M4
1133Q *n3i
This is the price
Mch.
7.
1314.ni34
113%
1
coup. Q.-Mar. *x!3% 113*115%i‘*n314,*
reg. Q.-Jan. *x227a *122%
4s, 1907
1237g *123%
4s, 1907
coup. Q.-Jan.
*101
,*101
*101
,*101
3s, option U. 8... .reg. Q.-Feb. *101
4 29
1*129 ,*129
*129
6s, out’ey, ’95 — reg. j. A; j. ’329
131
1*131 !*13l
*131
6s, ctir’cy, ’96—reg. J. tfe J. *131
433
*133
*133
i*L33
Os,cur’oy, ’97 — reg. J. Si J. *133
435
*135
j*135 ,*135
6s, cur’oy, ’98 — reg. J. & J. *135
*137 1*137
437
*137
Gs.eur’cv. ,99...,rec. J. & J. *137
*
9012
514%
40%
4014
95%
firm, and are %@% lower for the 4s
has been very
two years ago.
In this situation of
Commercial bills
at unchanged rates viz 4 85^
March 7.-
The
from
comparatively
Quotations tor foreign exchange are as follows, the prices
being the posted rates of leading bankers:
(Days inclusive.)
April
[VOL XXXVIII.
bid at the morning board; no sale was made.
*123%
1*101
<*129
1*131
*133
,*135
1*137
foreign trade, as
U. S. Sub-Treasury.—The following table shows the receipts
compared with this time last year, attracts more than the and
payments at the Sub-Treasury in this city, as well as the
usual attention.
The official report of the Bureau of Statistics
balances in the same, for each day of the past week:
shows that in January the excess of exports over imports was
Balances.
$19,077,187, as compared with $21,021,000 in December, and as
Dale.
Payments.
Receipts.
(Join.
Currency.
against $2*3,409,055 in January, 1883. There, is, no doubt , some
under-valuation of imports, which, if it could be deter¬
$
.j
8
mined, would reduce the credit balance in our favor; but the Mill. 1..
721.841 57 120.755,231 56 10.787,300 67
703.416 45
balance is certainly quite large, and would be considered satis¬
3..
2,234,0.83 66 '2,913,188 61 120,382,902 394 0,480,521 80
1,250,077 06i 120,751,737 1 1 jl0.380,3(M 30
4..
1.519.291 19
factory except that foreign capital has, for the time being,
12,127.038 40j 119,610,181 10; 10,23.5,572 90
1.1 11,051 35
5..
ceased to seek investment in American railway securities and
916,756 85420,076,416 8840,192,170 41
6..
1,339.329 08
some of our stocks and bonds are coming back lu re, while at857,718 33422,493,353 1340,000,323 34
73,082,773 81
the same time foreign balances are being withdrawn from us,
10,019,975 51! 9.037,220 82 j.
either through fear of our currency laws or through the Total
offer of better remuneration abroad.
As the result of these
Includes $500,000 gold cm-tificates"taken out of cash,
features, the exports of gold have assumed considerable mag¬
i Includes $1,000,000 gold certificates taken out of cash.
nitude, and for the1 week to Saturday night they will reach i
State and Railroad Bonds.—The railroad bond market
nearly seven million dollars.
the past week has recovered from the depression noted
during
One feature of the financial situation in connection with the
in the closing days of the preceding week, and there lias been
stock market in the last week or two is that the general sup¬
a
pretty general gain in prices over those of Friday, the
ply of stocks for loan in the market has-■apparently diminished. 29th. One noticeable feature of the market is that there lias
There seems to have been something of a change in the general
been more doing in the regular investment issues!and firstpolicy of the large owners of stocks in regard to lending them, class bonds, and prices for these, especially have advanced.
and it is also thought that a great many have been withdrawn
This feature is regarded as indicative of a more general move¬
from the loan market and put into hanks as collaterals for time
ment of capital for investment in bonds for the sake of the
loans.
The incentives for this change are, first, to sustain the
'
interest.
‘
prices of stocks by making it less easy for the bears to borrow
Fluctuations in die principal issues of bonds during the week
stock, and, second, to secure time loans at low rates of interest, have been: West Shore,& Buffalo 5s, which ranged at 56b>@
in view of the possibility of higher rates of interest later on,
57<$55%(<e511(a)55%: Erie second consols at 93(tf 94(tf>92@93@
under continued exports of gold.
Texas
Pacific land grant incomes at 48%(5 48%(Y>51@
The money market has shown some faint symptoms of a 92*4;
50; do. Kick Grande Division .firsts at 7214YY72* .j(a 71 %@72%;
change from the dead level of the last several months : the Wabash general mortgage Gs at GOG G7(fi G5(J07: and do. Chi¬
rates for mercantile discounts were advanced on Monday *4
cago Division firsts at 77%(a 80; Milwaukee & St. Paul Wiscon¬
cent, to 4 and 5 per cent for double names for 00 days and I sin & Minnesota 5s advanced 1.%': Burlington & Quincy deben¬
months, and to 5 and 5*4 for single names. On Tuesday the
ture 5s, 1 '4; Canada Southern firsts, %; Burlington Cedar Rap¬
rates for double names were quoted at 4 and 4*4 hut went
ids & Northern firsts, %; Chesapeake A Ohio firsts, series B. i
back to 4 and 5 on Thursday and again to 4 and 4*4 on Friday.
The net result is no alteration during the week in the rates for per cent; San Francisco seconds, class B. & C., 2%; Northern
Pacific firsts. %: New York Chicago & St. Louis firsts,
double names though the rates for single names are *4 cent
State issues were active and strong during the week.
Ala¬
higher. Call loans on stock collaterals have vibrated between bama class B sold at tOO1.,, 101*4: Alabama class C at 80:,4;
1% and 2*4, with the majority at 2. Time loans on dividend¬ Georgia 7s. gold, at 114*4, 114*4 : North Carolina special tax at
paying stocks are quoted at 3 0 to 4 and on mixed collaterals at 4. 2%, 3*4 : North Carolina 4s at 83%, 84 : Tennessee mixed at
The last weekly statement of the New York hanks showed
39*4, do. compromise at- 40%, do. new series at 40, do. old at
a decrease of $1,028,500 in deposits and of $1,018,000 in specie,
40,
41 : Missouri Gs of 1880 at 100, 1887 at 107 and 1889 at 112.
which resulted in a decrease of $1,001,375 in the surplus reserve,
Railroad and Miscellaneous Stocks.—The stock market
leaving the saute however still large—namely, $18,029,975.
This surplus, however, is likely to he-largely reduced under has been subject to considerable excitement on special occa¬
continued exports of gold.
sions and in connection with particular stocks during the last
The great foreign hanks ail show gains of specie again in six days, and yet the net result for the week does not show any
tlieir last weekly statements.
The Bank of England gained very great change., though as a general rule the majority of
£254,000, the reserve, however, being reduced to 387iS percent the active-stocks record some gains. On Saturday, to the general
from 40;/. per cent the week previous.
The Bank rate of dis¬ surprise of the market, Lackawanna stock became scarce, hav¬
count remains unchanged at 3*4 per cent.
Tim Batik of ing been largely withdrawn from tie* loan market by S. V.
Franco gained 0,050.000 francs in gold and 25.000 francs in
White, who also continued to buy until the premium for cash
silver.
The Bank of (Germany gained 1,900,000 marks in specie. stock on that day was 9 per cent over the price for regular de¬
The following table shows the changes from the previous
livery. which latter advanced 5%, to 133%. This squeeze of
week and a comparison with the two preceding years iti the the shorts, however, was over by Monday evening, and
Lackawanna dropped hack in a few days nearly to the price
averages of the New York Clearing House banks.
before the corner.
Union Pacific, St. Paul, Lake Shore,
Dt (Ker*nees ft">»j
138 1.
1 ss 3.
0.-82.
Louisville &■ Nashville, and someothers, have also been active
.lf<u\ 1.
j previous week. •
Mar. 3.
Mar. 1.
on apprehensions of somewhat
similar tactics in connection
Loans ana his ;$311,438,600 D e.
>80.200 $327,472.300 *320.077,80s with them, though nothing of the kind was actually developed
70.8 1*.200 Dee. 1,038,000
Specie
50,332,i 53,270. Sr 0 during the week. In the last two days, blit especially on Fri¬
Circulation.. !
10.5L\2o| 20.020,200
1 -1.5OO.80O rue.
Ml .90: 1
day. the 7th. the market was depressed by the increasing
Net deposits ! 350.751.700 Dec. 1.''28,500' 300,253.000’ 200,073.8'0
Legal tender; J 31.789.7' 0 Dec.
The Union Pacific annual report,'which
450,SOM 18,015 80* j 10.770,6 0 exports of gold.
Legal reserve { $80,037,025 Dec $407,125 $76,563 175: $72,068,450 came a day or two ago, was regarded as more favorable than
Reserve held
108,037,91O Dec. 1,468.500; 7J,218,700j 70,050.400 had been expected a month or so back.
Central Pacific, Erie
and the Gould stocks have been rather weak throughout;
Surplus
j $18.620,075 Doc f 1 .< 01,5754 ‘$2,314.775 *$2,018.050 while the Vanderbilt stocks, as a rule, have been well sus¬
Deficit.
The coal stocks and the shares of Northwestern
tained.
roads have also been firmly held most of the time, though
Exchange.—Sterling exchange has remained firm through¬
to-day the whole market tended downward, as already said.
out the week, the posted rates being uniformly 4 87,4(J4 90*4.
things the aspect of our
A
r
“
“
“
“
“
...
•
,
*
THE CHltONICLE.
8, 1884.]
Maxch
287
STOCK EXCHANGE PRICES FOR WEEK ENDING MARCH 7, AND SINCE JAN. I, 1884.
NEW YORK
HIGHEST
LOWEST
3.
March
PIUCES.
4.
Friday,
March
(Shares).
Lowest.
Pacific
88*
cnicag?*Burlington
Alton..r.a.^!e;135
V 135
123 V
& Quincy.
122 Hi 123
Chicago
Milwaukee & St. Paul
110
Chicago
<£ Northwestern
122
89
ni_
31
V
1*23 Hi 125 Vi
91 ;,4 93 V
j
Hi! .UOHi .'Jl7b!
Do
]>ref.
Chicago Rock Island* Pacific
Chicago St. Louis & Pittsburg
pvef.
Do
120
*934
10
-28
30 *4
10 Hi
*0(1
Q‘J
30 Hi
3014
10
32
30 Hi
Denver
Ind. Cent..
Lackawanna*Wost.
* Rio Grando
£aat Tennessee
j
Do
l>ief.
Evansville * Terre Haute ...
Winona * St. Paul
Hannibar* St. Joseph
Green Bav
pref
Harlem
-. -
*0 Hj
7
*7 *H
12 H-
7 H.
12 Ha
*7*8
*0*-
-7 Hi
200
11
!
11
30
*28 Ha
31 *4
93 *4
04*-
1st pref..
•
•
.
;T7
8i>
57 Hi I
93
1
91
j
-
-
A
j
j
pref.;
*90
100
91
93
7
*90
93
*1834
17 V
'7 V
7 Hi
V|
123.1
12V
*12*8
Hi!
*5 '9
GV
‘0*-
'57
*91
*58
89
GO
20 ‘j
i
*10 Hi
17
!
•
57*4 “oTTj
*91
58
59
>»>
*>‘>
*90
93
99
»
i
100
9i'-|
93
i>7
;
10 Hi
59
f
17 Hj
It)
20
JO'
•1J
jo
’
-
”:;s"
'5S;,8
00
102 V 103 V
73::i 74 •
i 51.807
2.732
49V
121,951
48's
.>!
10;i4
91
-30
-lO
38
10;
20 34
91 2
11
j
.
41
21 V
40
1
')
-
.-1,
a
22 >4
;
JL
2! V
47
.
1*8
V
2
4
-
a
......
22
4
1
2 i >-
22
-i0:,4
47 'H:
2V
V
0
15
17
.
19 >8
14*4
57-H
Peoria Decatur A Evansvi.le...
Philadelphia it Reading
,
Pittsburg Ft. Wayne it Chic..!
Rich.* Allegli., st;k trust elf’s. |
Richmond it Danville
i
20 V
15
58 V
"
28*4
Richmond & West P’t Ternri.1
Rochester it Pittsburg
8t. Louis Alton it Terre Haute
*
*
"To
20*-
11 Hi
58 3d
131
14*-:
•HD'a
20 7s
•10 Hi
'8
4 7
22 *i
*>»>
59*4!
58*-
58Hi'
ll-'V
113.1!
H;,4|
20
20
ion
4 2'-
~
~
*42
88
21 *4
•it; 3.1
520
190
300
92
0,4 s5
—
17
00-4
01;t
1
1
j
-
‘ I
l17 V
2;
,'
71
71
15
59-y
1
”334
33,
li'-i
28 C
13 3.,
28 H
14 *,
Hi
^
15
88
14
*-|
i
392
! 15
122
o
1
750
■
21
40 -h2 'h
22 3,,
3,3 io
51,3-89
1,42-s
*95
*57
110
20
82-'*h
10
10*4
10
28
2
27 *-!
128
'95
i
58*
'110
.
4
13-7
13-4
it
50
90
131
97
I 14
■
,
80,100
132
220
150
<00
•
88
88""
1
4 8.’4
3 15
93
L‘2
!'7 ,-
9l-„
19 V
H
10*4;
80 >-
1 5 '-
*
*-j
58 *i 2 1 *-
•13
190
20
81 Hi
82*.j,
-SO
Hi
10
95
V
■20*,
27
28
19'4
91*4
19-4
*94
95
2 -9 C
81
1
10
58
58
i 2 l1 2 i ■
2D
15
109-
91:*4
19 L
'
10,323
8 i '8
79, 135
D.-L
15*-'
25-*4
2(>3.j
1,400
3,810
-
.
05 i
124 '4
5 4 *4
10-1 C
121 ;t
i 1 ’i
loo
1,905
1 19300
10'
1.191 ' I (15
1.5
~~
2(tO
DiO
TOO
! 85
122
"
80
8s
50'4
51-V
45
300
78
.5 i
DIO
: 1,01 1
1.190
I'd
1,5 5 9
24
71
! Oil
109
59
51
1 99 >- 1 5 •)
5
7
J an.
.10
■
*0
*2,5
74 •* 1
2 S
28
•
_
l
75,i,
7 1
i:;i
130
] 29 *- 129*- :* 128
; 12,1
97 Hi 98
90'- 9li Hu
97 “ 97 *4
()0
1
00
01)
.57
57
GO
111
1 10*K 1 10V
*110
110
114
12.)
90
*57
1 10
74'-
713-r
4
;u»
99
55
52
Go.
12
[83
‘J ‘V
.1 an. 20 1
Jan. 21
Feb. 1 - 1
,1 an'. 21
.!. 11. 21
Jan. 1^
0.5 ■h .1 am
! 2
Jam
5 1 V Feb.
! 7
Jam
00 lo Feb.
3— iif Feb.
7-8 lM Fell.
2s
20
1
-
<
1 1
25
91 *y
90
150
28
U»4
1 i 2 '4 134
7134
120 V
Feb. 12
2
Feb.
Feb. 7
13
Feb.
1 32
Jan.
Feb..
7 ] 3,5
1 •>
7
Feb. 23
13
i all. 21 152
Jam 31 >
9 Hi
40*9
88*.j
.•
d;
Jan. 3! 132
3 101
Jan.
.1 an.
01 1
.ran. 2«> 115
1 1
150
l-’.-li.
.50
81
1 15
j
1
.
i
21
H«.
"20
2a
1
*9
10
21 c
1
,
88
55
113
94*4
05 Ha
128
H'
1
t
Mar.
•1
Jan. 1 1
1
4 12
Feb.
IO*1! .Ian.
20
Feb. 1C
;t
Fell. 1 1
100
O4 ail. 28
*201
Feb. 19
*JO
......
44*4
I
205
4 5 Hi
sale was ma.lo at tiio
40*i';
-9
*205
47'-j
Board.
97s
10
9V
•
*205
lO'Hi
i Lower
4534
47
12,709
443,
price is ex- iivideud.
+
1
29
139 >- cash.
1 an.
f 13
•
127
10
13
i 10
>
or
1.1.)
17 Ha
! 28
Fell. 20
.'
150
Feb. 10
.)*)
Feb. 1 1 ; 31
08*9
50
.! a m 2D ; 50
! 70*g
■ 92
sl
Mar. 0 ! 77
\l> S
t 138
1 1-5
M ar.
t
•>-1
32
19
Fell. 19.
145
Jam 12 139 Hi; 145*.»•<
15
12
Feb.
j 34
31
20
.1 am 24
21
19
8
1 1
4
Jam
9
i
14.
lO'i I an. 3D
20 1
Feb. 19 '200
i
5
29 Hi
49- :1 Mar.
fan.
1
•-
j
29
■
j*2(»5
;-J05
j 10’- 13*4! -12
no
144
; >
an.
1 1
21
”
•
bio ami a-deed:
81
1
Homestako Mining Co
70'I J
100
145
J an.
V
125
30
5
128
9i
50
105
9
Oregon Short'Line..‘
T1
Jim. 10
9
Fell.
09
*4 110 Hi
39 v
Hi 1 12*8
—
pref...
-
1 1 8
1 i
10 2
i <1
.5.,
50
1
sioux City
the price
Feb
1
r,7
8
Jam
Feb. 29
—
-,
Feb.
—
,
& Chicago.;
are
,
1
01 : '.8
9 am
2 ! 200 T|
Jan. 21
17
1 1 ’. !
.! an.
Din. 10,
17;
J an.
170
Mar.
dr. Alton, pref..
’These
'
■
Cellar Falls it Minnesota
Central Coal
Pennsylvania. Co 11
“pring Mountain Coal
♦
»
3.919
\
Rensselaer it Saratoga
Rome Watertown dr Ogdetisb.!
*
,
0,100
300
43'1
•*
58'
1,016
2,120
28 *•
*
■
1
1934
90
00
1.12
10 c
! v, 1.,
15 “
15
58 ’4 59 *4
133 -2 133 *-■
25
S0;;H
1
9734
■
'
93’-!
20’-'
*4'
40a4
1
.
1,310
■
83
811
|
.
r-
Central Iowa.
«ew
75
! io7e
,
t’>
■42
4 23,
88
88
-
70*4
1541
20 'j!
78
1J9 *- 129 Hi!'
'.
8:1
Feb.
•
1,130
’*- ‘j-i”
123,
95
2U'h
*21
.
Midland
45
5
38
Jan.
,
17
*9 3
J
*j r>
11
88
•
M 11
11-Mi
*20 "
*10*'88
|
90
59-8
133 H
,
Virginia
21*4! 51Hj
1H
Feb. 1511
11^
Feb. 15 ; ll*4l 23
Jan.
.
’*807
12
-
.
Joliet
-! 91
113*4
54
Jan.
84
5
Jau.
|124 Hii 142
1 Hi
Jan. 17
7*4
Mar. 1 ;111 Hr 131 Hi
1
80,925
"
180*- .180 *-!
10-t
10 ■ !a
22 3,
19:-
1 *-
'
Dubuque it
55
.
350
010
9 1 -V
25 *-!
2234
144,
59 *a
'
it Greenville,
it Norwalk
5734
33
30
.
’912
S**±
18*-
20 ’
19 *4
■-
Danburv
,
■
5,95.",
30,13 l
24
40
!
*
Chicago
,
’
700
702
91V
17
19-V
,
Columbia
134
157
1110 Hi 127 *4
10 Hi 22
Feb.
>*
*
ioo
20 *-
Is H
125
H05
2D
15
,
.57'- 57H>'
57
57
5 7 Ha 5734;
American Tel. it Cable Co
;
12 L *- 12434 121 Hi 1213]
Bankers’ it Merchants’ 'I’el
* 124*- 120-V
1
1.»
!
i
5
1
i
t;
0
111
Colorado Coal it 1 roll.
107 '4 1 09 j IO *'4 ID)
J 10
Delaware it Hudson Canal.... 110
] .5 *10
Mutual Union Telegraph...
■ICO" UK." 100 190
New York A Texas Land C 0..!
42
•12
Oregon Improvement Co
8 D.y 91
in"’ 91.
90
91
Oregon Railway it Nav. Co
5 1 V
.50 ‘4
.5 1
,51 's,
Pacitic Mail.
50*4 50>
J 08
108 '- .109*8 109 *108 * j 1 08
Pullman Palace Car Co..
*
5
*.)
7
7
*0
7
Quicksilver Mining
*21
0, t
*24
MO
1
30
bo
pref
'74 Hi 75:*4
7134 75*4
western Union Telegraph
71V 70
.
i>
90
20*-i
2 ■«
-
133
j
~
■92 Hi
20 H,
93*4
,
Albany d; Susciuelianna
Feb.
.
15
.....
90
St.Paul Minueap.it Manitoba.
Texas it Paeilic
Union Pacilic
Wabash St. Louis it Pacific..'.'
Do
pref.
MISCF.LLANF.H! S.
.
300
4o’ ’lo'
20'4'
134*-,
!
..
EXPKES.V
04
00
tJ
15
21*1
*8
18 7s
-dlH
59
OO’.T
*4
19 Hj
11H:
59 *8
'
28 *4
UV
Do
pref.1
St. Louis it 8an Francisco
■
Do
pref.!
Do
1st pref.
St.Paul it Duluth
!
Do
pier:
-..
1434
128
137*4
UI534 129 V
i 9134 IOHHj
115
122*4
115*4 UOV
1
‘
Oregon & Trans-Continental..
....
13
i 23
—-
1 1G *s *•■
....
•if)
-
's
--
|
*v)
.
!
‘v,
2V
JJ-H
*
,
. ......
.....
!
pref
;
100
121C
a
t5
ir
■‘io
Northern Pacilic
.INACTIVE STOCKS.
90
88
23 34
35 *9
27
01
Jail. 19 111>0
1200
1
50
! 82 Ha
4
Jan.
148
Feb. 13 124
08
77
84 3*
11 80
Mar,
!
5
17
21
Hi
20*.tJaii.
35^
21; 19a.; .J an. 7 1 13 Hi 33 *4
l
92 34 114 7e
17 1043. Mnv.
80 34
3 71
Mar. 0 ' 58
13
25
5 8 Hi
12'4
28
.!
1
IS
30
an.
08
Feb.
,79
(
38
40
Feb.
Jan. 22
537e
*7
82
93 ‘1 Mar
80
90
Jan. 21
42
59
Fe)». is.
38
53
Jan. 23
J
1
12 *3
5
30 V
MaiJan.
32
Io Jail. ! 1
55
Jan. 19
8
J an.
90
0
70
90
Mar
95 Ha
>
91 i.» Mar
77
85
Jan.
-1
100 V
i 0
10
18
1
10
Feb. 17"
Jan.
1
38
•1
3.5
Jan. 21
J an.
4 8 Ha
I.»
IS
-i an.
I l
Jan. 10
1
10;,t 30 34
31 >4 Jan. «>—
30 if, Feb. 1 1
08 Hi
.1
5
Jan.
■j'i
19
H 34 7e
10H
M an.
SO
9.5
85
J an. 21
Feb. 11
100 78
10
8 *- Jan. 2 >
1 1
19 Hi
Feb.
1
.1 an. 29
120
129 *4
121 *j Dili. 22 i 2 7
5»",
;,
.50
if,
J an. 19
Jan.
04 V
9 11 11 ‘a 129 V
1 iO'v J an
17 1 18 1.. l-’eb.
>. >
J
10
<
15 Hi
1.5
Feb.
’-4
8*4 til!.
20
Feb. 1 l
10 3i .1 an. 821
1334 35
90
] 05
j’i.ii Vo 9: ’.Mar, ’< 1 834, 89 Hi
,5
28
J an.
20 7„ 40 V
Mar. 7^
83
10
tie J- Jan.
71
Mar. ;; ; 72
,
12
J an.
! 7 H:
Mar.
17
7
52*4
.1 an. 1.5 ! 81
183
170
Mar. 0 109
10
10 l.f .'am
L5 V 29 V
■j
8
Jau.
Jh
0
•t
3 7h .1 an. 2 1
Feb. 28
8°a
14
21 a4
Jan. Ts
13
18 V| Feb. 10'
10
18
1 1
Jan. 2'9
JO
Feb. 2 5
42
32
,
Feb. 15
•1934
553, Feb.
23 V 53 *8
18 3, Jan. 20
.lam
1
.»•*
f>7
■ii» e, Jan.
7
Jam
•193j 90 V
2
2
2 *- Jam
3
Jam
7
14*4
! 21
.5 121
30 34
>
21 \ Feb.
Jam
Jo
8
7
5
J am 2s
an.
1434
10 V J an. 24
7
31 •V J an.
29*s 89
12
28
l
Jan. 21
17
Feb.
13
•1 0 '4
oi v
.4 1 *- Jau. 2 1
GO •'v Fell. 23
Jan. 23 1.34 Io Mar. ;; 129*4 138
131
-t
15 *3
; >
3 31 Mar.
0
J am I 1
47
72
,
01
Fell. 1 1
52 D Ian. 10,
>
J
21
39
1
Fell. 1.5
20*i an. 10
23
Hi
13 ;>a .Mar. 7
Feb. 4 | 14
So
35
40
Jan. 15 •17 lo Feb. 29
80
103
■>
5
88
90
Jan.
Feb.
*>.
lo Feb. 13
20*- 30*4
20
Jail. 10,.
3 < - J .111. 20., If; *4 Mar.
7 ! -10
! 59 Hi
;
87
J am
1 100 Hi
8 1 '- J an. 3D 90
5
33
!
IS
3»>.
2‘9rs an.
h J am 9
j 40V
90
1 9734
80*- Feb. 10, 90
Jan. 20
J am
8 1
99
lu9*a
Jau. 21;
7 ! 94
\
1 < 'n
43
15
Jan. 19
Feb. 1 I
*J
si \< Feb. 11; 70V D)134
09'- Jan.
1.5
30 *4
i
19* ‘1 .1 am
I 2 !- J-an.
7
an. 21
1
21 4
Jan.
i 29's 57 *q
J.000
'V
9311
•92 1..
V«'l
20-2 20 V
91 's 9 1 -Vi
i 1
l-U
o 1
4
91
858 Hi
90
91
w3f»
17 ‘4
34 Hi
.
L
r»
New York Susq. it Western...
Do
pref.
Norfolk it Western
Do
pref
i
«t Co
05*»
08*4
1 197
31
51
28 140
Jan.
14
Jan.
130
Feb.
81 Hi Jan.
15
Jan.
15 >2 J an.
93 >8 Jan.
05
Jau,
1.878
........
57
-92
130 Hi
85
.
57'*91
95
93
^i»ij
*10 *4
21
02'
• H
*
...
7V
300
-
.
7 Hi i
13 ;
400
—
...
58
138
’
1S-J4
17
■
Wells, Faiiro
48 7e
!
Feb.
Jan.
Feb.
Jan. 23' OS
Feb. 23,139
1
2
Feb. 14
528,893 114‘4 J ail. 17 133*8
17 V Mar. 7 25 58
7,110
f> Hi J an. 22
1,010
8*4
1,000 i 1034 Jan. 17 14 Hi
200 ! 40
Jam 15 51
Jan. 201
8 Hi
5
18
50
1934
503s1
.>•/
_
Addms
American
United States
75
!
II 5 V Jan. 21
922
225
129-V
130
85
103*2 10378
72
71
.....
20 V
*00
93'-
i
17
17
’•19 'a
44
1: 0
80
*103j
18
103 H: 104
72
72
!
20-b
■
58
*40
130
85
44
*40
•
.
!
:
08
128
19 *4 1
7 Hit
•JO *•
n
20'U
Missouri Kansas & Tex s
.‘
9 1 >4
30 4
32 *4
91*8
91-s
Missouri Pacific
1 1
*‘1
10
10
10
Mobile it Ohio.
>( 124
1
L
12 i '- 124*135
125*4 125*t i-43, 125
Morris <fe Essex
*53
51
55
59
51'*52
5-5
Nashville Chattanooga it St.L. ■'50
1 10*4 LIT 'T 117
118 *t? 110’s 117 *- I17*i 117 *v
New York Central d: II udson. 1 10'4 117
^
8’>•
18
<J
1.,
•'8*2
83.8
vs>-- ' on
8;"y
8-\l
New York Chic. it St. Louis
18 '4
1 7 -"‘s
18
18 ‘
*17 Hj 18
1 8 *4
18
Do
pref. *18 n 19
3 05
12.5
•105
U5
125
105'
125
1 T 0.5
105
125
Now York Elevated
j 91
91
91 *8 01
91
91*4
91''a 9 1 3„
94*4 91*4
New York Lack, it Western.
j-> v
24 >4
2 I V
‘J
24*4 25
25 *a
2,1 v
24-\ 25 * 1
New Yoi4c Lake Erieit West’n
71
7 L
08**4 (JH'H
08‘*i L'83j
Do
pref. I
1 2
13
1J
12
i 2 n 1 3 *j
’a 12':4
2 13
New York A New England.. ..j
181
*- 181 *180
181
180
181
180*4 180
New York New Haven it ilart.r
*
10 *4
1
10 11
1 1 *8
10-2
1 1 l.j,
.lO'i
lo-t •'ll) Kx
New York Ontario it Western.'
,
I
84 34
84
80
1
<
'
V
130 130
*84Hi 80
.
10t»
10
18
35
J 1 ‘pi
'10
Minneapolis d: St. Louis.......'
Do
pref.!
®
^
it 1
20'-
Memphis it Cli rlestou
<
Metropolitan Elevated
!
Michigan Central
;
Milwaukee L. Sli. it Western.
»
:
«
;
common.
Do
78 Hi
; 78
j 47*4 7134
12034 Feb.
32
9^8 Jan. 24i 13*4 Jan.
28
Feb.
2! 35 Jail.
3,000 j 27 Hi Jan. 21 i 34Hi Jan.
4,024
88*4 Jan. 21 90*4 Feb.
30 Hi'
05 34
118 Hi Jan. 21
84*8 Jan. 21;
12734
94*4
11334 Jan. 17 119
:11234 Jan. 21 124
110Hi Jan. 21 149Hi
,
257,741
1,495
09,025
1,918
3,149
Hj!
30
30's
93 *il
05
7,713
123
11
*28
31*.,
70
53
,193
;
I
’•LEV
.
Ohio Central
Ohio& Mississippi
Ohio Southern... .7
14
!
‘25
17 Hi
130
124 Hi
..
1
Chie.j
Do.
12-8
li>
7
12
1834
-
Do
Do
93*4
19*4
_.
Manhattan Elevated
92 34
19*4.
-------
.
5434)
8034 Jan.
82 34 Feb.
1!
Jan. 17 80
J an.
Feb. 28 , 08*4 Jail.
!
21
57
Jan.
7e Feb.
Jan.
Jan. 24 90
Feb. 28 07 34 J an.
Jan.
Feb. 29 15
0 ,■ 21
Jan. 21
28
Feb. 11
11 I 14 Hi Mar. 4
17
Jan.
489 133 H> Feb. 27 140*4 Feb.
4,500
887bj
60 *4!
121
*10
128*4l3078| 129V130'4 129V129V
...>193
j
Texas Central.....
Central
30 3.t
11
1
30 Hi'
30 34;
S034 Jan.
81 Hi Feb.
22,800 483i
1,355 ! 83 Hi
24,840 ! 59 Hi
210 i 13 V
138
45
•
*40
47
45
*40
*40
130Hi 130341 130Hi 130 V 130*- 130*-!
i 84 V 84-'H;
Do
leased line i p.c.I *84Hi 80 I *84Hi
10*-' *10
17
17 !
17
IndianaBloomingt’n * West'hJ 10Hi
10 V 10-\!
10Hi ion* *10Hi* 17
Lake Erie* Western
1
10334
lu3
>4
104'V103Hi
10134
10138
Lake Shore
1
71
72
72
71
!
Long Island
Louisiana * M issouri River
'49
•is
A>0
7« 5 1 3.1
3.4
Louisville * Nashville
I 473.i
2l) *8
-0 *b'
Louisville New Albany *
Houston &
Illinois
High
I
...il 72
-
-------.
-
I
3134!
30 34
128 *133!h!127j4 212934
19 V
19
18 34 I834;
7 >4
7
7
7v:
'12
13
:
12 Ha 12 Hi|
49
50 i
'0
OHj
734!
j
Va. * Ga
Do
32
138
Columbus Chic. &
*10
*28
12
*934
*28
Cleveland Col. Cinn. & Ind—
Cleveland* Pittsburg, guar..
54 \
53*4
88 H2
59 V
124Hj 12434I 125*4 125V
9134 02-V 92
92 V' 91V U2V
110Hi llOHil 117
117 L, ■117 'b 117 Hi
117
120-81 119 L 120 V 119 V 119 V 118 V 119 V
! 143 Hi 143 Hi
145 >4 144-4 14 n.j *144
noil! 110
llOHi II8H2! 117 V 119%' 119
142 Vl 13 *-! 143
143Hi 144
no
i
;
!
54 Hi
'13
■■24
*15
130
124
♦fl’4 I?1
Delaware
Low.
Highest.
1
“ass?nfeas?iRr.
Burlington Ced. Rapids & >«o.
nhicago
.
7.
HAIHHOADS.
Canadian
For Full
I Sales of
the Week,
I Wednesday, Thursday,
! March 5.
March 0.
Tuesday,
Monday,
March
AND
j
c.l
sl
iT
THE CHRONICLE.
288
[VOL. XXXVIII.
QUOTATIONS OF STATE AND RAILROAD BONDS.
BONDS.
STATE
1
h «s
Bid.
SECURITIES.
Michigan—
7 s, 1890
! Missouri—
81
100 v 102 ;
80
81*2
B’ 5s, 1900
Os, due
6s| due
Os! duo
6s, due
Asyl’m
6s 10.20s 1900
7s, Memp.& L.Rock RR
7s. L. R.P.B. A.N.O. RR
7s. Miss. O. & li.R. RRJ
_______
22
22
9
103
105
105
7s, Arkansas Cent. RR.
Georgia—Os, 1880
ill)
1868-1898
Do
’87
do
|New York—
j Os, gold, reg., 1887
6s, gold, coup., 1887
6b, loan, 1891
!
Os, loan, 1892
! Rs, loan, 1893
N. Carolina—Os, old, J.&J.
110
Fuuding act, 1806-1900
New
1888
Do
t
N. Carolina—Continued—
N. C.RR. 7 cp’soff, JAJ
Do 7 coup’s oft, A. AO.
......
105 V 106 V
1886
1887
1889 or 1890
nr TTniv.. duo’92
Funding, 1894-95
Hannibal & st. Jo., ’80.
j
12
20
20
20
7s, L. Rock A Ft. S. iss.
118
82V
81V
iio
112
117
110
110
Bid.
SECURITIES.
Ask.
!
Alabama—
Class A, 3 to 5, 1900....
Class A, 3 to 5, small...
Class
Ask.’
Bid.
SECURITIES.
Do
class 2
Do
toW.N. C. RR.
Do
Western RR...
Do
Wil.C.ARu.R.
W’n.ATarR.
Do
Consol. 4s, 1910
Small....
Ohio—
J
109
109
114
115
118
irntil
1800
77 34
72
07
7«. small.
1
SO
!!
Rk. old. A .A O
No Carolina RR..
Do
A.AO
..
1
30
30
J.itJti 1 (JO
+
./
6s,
;
|
(Stock Exchange Prices.)
Ala. Central—1st, Os, 1918!
*92
Alleg’y Cent.—lst.Os, 1922 (*
Atch.T. A S.Fo—4 v>s, 1920
Guaranteed
; -}
Bur. C. Rap. A No.— 1 st, 5s
|51
lh
i
90
!
;
81
J
3
A>*->
2 V
2V
4
2 *"
4
,
District of Columbia—
3-05s, 1924
It) 7 *4
Small bonds
120
Registered
Funding 5s, 1899
Do
I)o
.
113V,
i'l'334
112
112
112
small
registered...
BONDS.
00
120
100
1
12SVi I
|
|j
'
Penn. RR.—Continued— (
C.it P.—4th,s.fd.,0s,1892 110*2 m
8t.L. V.it T.1I.—1st,g.,7s1 116 ,117
102
98
..I
2d, 7s, 1898
j
99-.} 102
11
2d, guar., 7s, 1898
•
..LPitts.ll.it B.—lst, Os, 1911!
j
I
iiov;:;;:;
I 92
■
I.
109
94*2 95 *
09 V 70
..
!
90*s
01*>4
62
8I34. 82*4>! Atl.it Cli.—1st,pf.,7s,:97.
09*4' 70 •!
Incomes, 1900
!
.....
cp.,7s,
108V Scioto Val.—1st, cons., 7s.'
Denv.nt IIio Or.—1st, 1900!
iiL
70
70
-1st,
7a.
84
:
Cons.
V
Mt.
St.
L.
A
Iron
V 85**4
2d, iuoome, 1911.
1st, consol., 7s, 1910
110
2d. 7s, 1897.
90
1 | 97 (
H. it Cent. Mix—1st, ’90! 104
99*V 99 V jDen.So.Pk.it Pac.—1st,
Can. So,—1st, int, guar. 5s
Arkansas Br’ch—1st, 7s1 109
1:2 '
07 V 08
1003.,
--i 1 Deu.it RioG.West.—1st,Osj 07V
08 i('Mobile it Ohio—New Os
2d, 5s, 1913...
Cairo A Fulton—lst, 7a; 108*4 108 *.j
1 91V
Central Iowa—1st, 7s, ’991 100
107 iBet.Mack.AMarq.— 1st,Os
Cairo
Ark.
&
T.—1st, 7s1 107*4 107**t
Si V
1
Land grant, 3 Vs, S.A..
1 Morgan’s La.tt T.—1st, Os
East. Div.—1st, Os, 1912:
Gen’l r’y it 1. gr., Os,1931! 75 V 7534
Nash.Chat.it St.L.—1st,7a 117 VI19
liov1
Char. Col. it Aug.—1st, 7s;
j'*30.T. Ya.it G a.—1st,7s, 1900,* 110V
loo
73
74
V* 2d, Os, 1901
11st,
j
Kst.L.Alton A T.II.—lst,7s 115 |11S
hes.it O.—Pur.money
Ches.it
;
st, cons., 5s,
73*V1
I'd..;
O.—Pur.moitey lu.
;i
os, 1930
19.
1112
N. Y. Central—Os, 1887...
105**4 ‘
1! 2d, prof., 7s, 1894
'"30
1
95
Os, gold, scries A, 1908.1 1 i0*4 111 *4 ! Divisional 5s, 19
Deb. certs., ext’d 5s
2d, income, 7s, 1894 ...I 104 V
; 107
i.
Os
‘" series
'
is, gold,
B, 1908 ' 1.02 V 102V jEliz.C.AN.— S.f.,dob.,e.,0s(
’120
1
N.Y.C.A H.-lst, cp., 7s' 1 31 •! 1 32**h 1
liellev.A So. Ill.-1st, 8a
Os
is, currency, 1918
51 |
ji 1st, Os, 1920
;
!
at, reg., 1903
I 131 *b’131**4 St.P.Minn.it Man.—lat,7s’ 108 j109V
Mortga
Mortgage Os, 1911
i 102.7y 103
Eli's. Lex.it Big Sandy—Os; 102V
;j 11 1ud,Hiv.—7s,2d,
s.L, '85, 104 1100 '! 2d, Os, 1909....
j 111V...
Ches.O.itft.W.—M
iCH.O.AS.W.—M. 5-Os..
extended. 7s
5-Os...i 87 .' 87’a
87*2 ! Erie—1st.
Erie—1st, extended,
7s ...t*124 1127 l!
i; Dakota Ext,- Os, 1910..I 111*2 112
Harlem—1st, 7s, coup:.. 132
2d, extended, 5s, 1919
' 109
Chicago & Alton- 1st, 7s.! 118
N.Y. EieVd—1st, 7s. 1900j 118*2 119*4 ». 1 st, consol., Oa, 1933. ...i 103*2 104
Sinkiugfund, Os, 1903..1 110
;
3d, extended, 4 Vs, 1923 *102
..}
Mill’s U11.—lst, tis, 19221 108 i
La. A Mo. Riv.- -Lit, 7s.; 110
lib, extended, 5a, 1920.; 112 V
IjX.Y.P.A ().—Pr.l’11. Us, ’9;
100
2d, 7s, 1900
5th, 7s, 1888
! 109 i
5 N.Y.C.it N.—Gen.,0s, 1910: 35 j 40 dSt. P.A Dill.—1st, 5s, 193l| 105 I..
1
|
So. Car. R’y—1st, Oa, 1920
St. J.. Jack, it Chic.—1st1 1 L8
1st, eons., gold, 7s, 1920! 12S*4!128V'j Trust Go. receipts.
,
i
103
2d, (is, 1931
|
j 98
1 st, guar. (504). 7s, ’94, 118
1st, cons., fd coup., 7s..j 125 j.
;N.Y. it. X. Engl’d—1st, 7s lOl'i
90*-'
iShenand’h V.—-1 st,7s, 1909, HI I...
lteorg. 1 st lien. Os, 1908; 1.00 i
1
2d, (300), ts, 1898
| j 1 st, lia, 1905
*
80 I...
10
HI
1
I
l
X.
L.-1st.
General,
Os,
Y.C.itst.
1921
j
Long
Dock
Os,
1921
b’nds, 7s, ’92, *118
_'
2d, guar. (188). 7s, '98’
2d, (?s, 1023
Butt.N.Y.it E.—1st,1910! 131
! 80;4i 87 'Tex. Cen.—lst, s.f., 7s, 1909 108 V110
Miss. It.Br’ge-1st, s.t'.Os *100
I
108*2*
1st inert., 7a, 1911
i 30
N.Y.L.E.A W.--New2d0
927H! 91 1 N.Y.W.sh.it Bu!t'.-Cp.,5s! 55 V 50
C.B.it Q.—Consol.7s. 1903, 129
,Tol. Del. it Burl.—Main,Os
I
Bull, A s.W. M.,0s, 1908: 101 ,108 ! N.Y.Susij.itWest'.—1st, Os;
5s, sinking lund, 1901 ..'
90
1st,’Dayt. Div., Oa, 191 (>!
:
fi'iiv Kv.it T. H.—1st, cons.. Os’ 97V'. 98 V Debenture, Os, 1897
fm, debentures, 1913
i
Midland oEN. J.—1st, Os'
lst, Tcr’l trust, (is, HHO1
Mt. Vei n’ll- 1st. Os, 1923!
la. Div.—S. id., 5s, 1919
J
:■
Tex.A N. O. -1st. 7s, 1905;
Ml’
:
N.Y.N.ll.iVH.—lst,rg.,la!
El’tit
P.Marq—'M.Os,1920 1 1 3:jit
1
Sinking fund, is, 1919,
'
88
90
Sabint* Div.—lstJis.1912:
89 *2
Nevada Central—1st, Os -1
Gal. Har.it 8.Ant.— 1st, Os GOT
Denver Div.—is, 1922..1
00 I 70
Va. Mid.—M. ine., tis. 1927,
;
SO
Plain Is, 1921
2d, 7s, 1905
• 110. 1110*.3 ■ N. Pae.— G. l.gr., 1st, ep.,0a■ 101
G7 V
U0;,4
93
I 9 M)
j Wab.St. L.A Pac.— Gen’i (is
Registered',’Os, 192!.'
120*2
31 ex. ,v Pac.—1st, 5s
C.R.l.A P. —Os, cp., 1917.
80
Chic. Div.-5s, 191>>. ...!
120
I
' N.O. Pac.- 1st, Os, g„ 1920
120 *2
2d, Os. l« >31
Os, reg., 1917
Hav. J)iV\—Os, 1910
81
! 77 *2 80
107
i ;r’nBavW.it st. P. —1 st ,0s;
Norf.itW.~Gen’l,Os, 1 031:
Kook. A 1 )e» M.— Hi. Ts 105
!
Tol. P.A W.-lst, 7s, 19171 108 ; 1 ID
102**4
Gulf C0l.1V S. Ec —7s, !90!>. 115
115:',-; New River—1st, Os,1932
Central of N.J.
1st, 1890 1 I!’.
82
107
1 1 5 '2 in;'
Iowa Div.—0^, 1921.....*
Haun.it st. Jos.—8s,eonv. 103. jl.03!i jXo.Hsiilway(Cal.)— 1st, (is1
lst consol.ass(*iited, 1S99
| 85
1 18
1 10
Ohioit 31iss.—Eonsol. s.tdj
Ind’polls Div.—Os, 1921!
Con v., assented, 7s, 1902 JIG *4 117*4
Einisei. Os, 1911
Detroit Div. -Os. 1021 .|
<’onsolidated 7s, 1898
Houst..1 T.C.—Lit.31.!,.,7s *109 V
Adjustment, 7s, 190:5...' 108V.
r75"
Cairo Div.--5s, 1931 ...J
107 '*4
2d consolidated 7s, liH 1 1
Cunv. dobeut. O.s, 1908..;
90 j 91
1st, Western Div.. 7s
80 |
Wabash—Mort. 7s. 1909,
Leli.itW.B. Con.g'd.as.' lOOViOT*
110V1 Lst, Springfield Div., 7s
1st, Waco A No., 7s.....1 114
Tol. A W.— lst,ext,, 7s 105 iibo
Ohio Cenlial —1st, Os, 1920;
Am.D’kA linp.— 5s, 1921
2d, consol., maine line.Ss 120 ! 129
93 j 91
b
1st, St. L. Div.. 7s, ’89; *98*2 9934
1st, Term’l Tr., Os, 1920;
C.M.A St.P. -l st, 8s, P. D.
131 Mg 131 1 i' 2d, Waco it No.. Ss, 1915 112
99 V 100
2d, ext.. 7s, 1S93
'!
2d. 7 3-10, P.D., 1S9S...
1st,’Min’I Div., Oa, 192lj
General,-Os, 1921
<
97
j
120 : ....
83
‘2 8 1 *2
Ohio So. —lst, Os, 1921
Equipm’t bds, 7k. ’83.1 30 1
Houst. E.A-W,Tex.—1st.7s
,102
1st, 7s/* g„ u.i)., 1 IK)‘J
120
80
87
Consol, couv., 7s. 1907
: ()reg’iKt Cal.-- 1st,Os,1921.
1st, LaC. Div., 7s, 1893. *118 V..
2d, Os. 1913
...;
09 ” !' 09 *4 j
Gt. West’n—1st, 7s, ’88 105
lilt Vnt.—Sp’d Div. -t:p.(ia '• 114 V —
: Or.it'I'raiiHc’! -Os,’82-1922'
1st, 1. A 31., 7s, 1897 ...: ! 18 ;
•
2d. 7s, 1893
j 99 '2 Too
Middle Div.— i\eg.,5s...> 105
'.Oregon Imp. Co.—1st, G.s.j 78 j-;
....
1st, 1. «t 1>., 7S, 1809.... 118 1
1
;'
C|.it Tol.—lst, 7s, 1890Panama—S.f., sub.(is, L0 J 0•
C.M.L.A N.U.—Ten.l.,7s 119
1
1st, C. A M., ,7s, 1903... 125 1127
j
Han.it Naples—1st, 7s;
Consol. 7s,. 1905
1; Peoria Dee. A Ev.—1st, Os» io 1 i..11
> 121
1I2M45
1st, consol.. 7s, 1897.. 121 V,*..
!
11I.A So. I a.—lst,ex.,0s*
112
2d. 7s, 188 1
j.... ! 1 Evans. Div.-; 1 st,(!s, 1920; 97V
!
2d. (is, 1 i>i)7
101 !
105
St.L.K.C.AN.—R.e.,7s 'GOT *4 107 *2
1st, 7a, Lit D. Ext., 19(18 • 120 i 123 ij
Gold, 5s. 1951
'.... 107 VI08 j1 Peoria A Pck.D’n —1st,His. 101
Omaha Div.—lst, 7a* 112
Pae.Bits. Cent.P.-G., Os1 1 i3r>a
Dub. it S/C.—2d Div., 7s 115*2
.:
1st, S.W. Div.. (is, 1909
108*0.110
| 85
Clar’da 15r:—Os, 1919
.ill7 ;i
in*-/
i:
<’ed. F. «t 3Iinn.—1st, 7s!
1st,5s. r.aC.it Dav.,1919
93 ;.
1
San
Joaquin
Br.—
Os..j
1
82*4 85
st.Clias.Bge.—1st, Us
Ind. Bl. A W.—1st prof., 7s 110
1st, S. Minn. Div. ,0s, 1910 110 j.
;J
Cal. A (Jregon—1st, (is, 104*2
118
loo
—:;
No. Missouri—1st, 7s.
! I 1st, 4-5-Os, 1909
State Aid bds., 7s, ’St
1st, II. A I)., 7s, 1910.. J 119V.
| 85
1 15*4
'!
Land grant bombs, Os J 105 'a.
-!! 2d, 1 -5-Os, 1!>05>
Chic.it Pac. Div.,Os, 1910 113
!: West. Un.Tel.—1900,coup.'
E
1
71
111!
98
Di
West. Pac —Bonds, Oa!
1900, reg
I 111
1st,Chie.it P.W.,5s, 1921;
98 |
| .Kustcrn Div., Os, 1921.. I
80
X.W. Telegraph—7s, 1901
So. Pac. of Cal. —1 at,O.s‘ 100*2 100
Min’I Pt. Div., 5s, 1910.!
91 ’ 95
jlndianap. I >.it Spr.—lst,7sr' 107
i!
79 k!
Mut.Un.Tcl.-s.fd,0.s,1911! 79
So.Pao.of Ariz’a — 1 st, Os!
C.it L.Sup.Div., 5s, 1921
i 2d, 5s, 1911.
1
107
108:%
i 05V:• Int-.itGt.Nn.—1st, (is, gold! 112 I
So.Pac.of N.Mex.-1 st,0.s
Oreg’11 Bit.A Nav.— lst,Os
Wis.it 31m.Div.,5s,1921;
1 15 V 1 10
1 NCOM E BONDS.
• ;
C.it N’west.— s. fd., 7s, ’85; 104 a
!| Coupon, (is, 1909
! 82*^; 82**4 ! Union Paeitie— Lst, (>a
1 Interest
133
133
Laud grants, 7s, ’87-89 1 10*2*....
)>n.!,ahlc if canotl.)
jiKent'kvGeiit.—M.Os, 1911 j
t Consol, bonds, 7s, 1915
i.
1
I
i
102
*
V1
' j L.sh're--31.S.A N. I .,s.l'..7s 105 V 105 V';
AUeg’nv<’cut.—Inc,, 1912
Extension bonds, 7s, ’85
*-j 10 1
Sinking funds, 8s, *93.1
Vs” .jo
Atl. A Pac.—J 11c., Polo...
Collateral Trust, Os... * 105
l(’i*4i
t leve. it Tol.—sink’g i'(l/*10.>v_> lot *4 ;
I? 1st, t s, 1885
: 101
100 ^
11
95
*-_>'......
(Antral
of
N.
J.
- 1908 ....j
127
do
V
bonds,
5s,
New
1907)
L Coupon, gold, 7s, 1902..
7s, lS.siL.i J07*•_• 108*e
ClovovP.it Ash.--7s....
114 ■
Fans.Pac.—IhI, Os, *951 109 ;. .Cent.la.— Coup.deb.certs.;
f Rcgist'd, gold, 7s, 1902.1
|i
■••It
1 st, tis, 1890
Cli.St.P.it51.— L.gr.inc.Jis!
|
t Sinking fuml, Os, 1929..,*111
BulLit Erie-New bds .! 122
j 108**4i
..j
1 >env. Div.Os.as’d,
' Chic. A E. Ill.—Inc., 1907j
Sinking fund, 5.4, 1929
101
lOl ’ej! Kal.it W. Pigeon —1st..I 110 1113 ;>
’99j 109’*si
60
90Gl
| Des5l.it P’t/li.—lst,inc.,Os
1st, consul., tis. 191 !>!
j Sink'g I'd. deb.. 5s, 1933
95Vi Def.3I.it T. - lst,7s.l 9(M>| 123 j
;■
Det. Mack.it Marti.—Inc.
C.Br.U.P. -E.c.,7s. ’95*
■;
Escanaba A L.Sc • 1 st.Os1
j
j, Lake Shore -Div. bonds! 123*-2
30
At.C.A P.—1 st.Os, 1905!
92*2
E.T.V.AGa.—Inc.,0s,193L 29
Des 3I.it Minhip.—1st,7s'
i;.
.!
Consol., coup.. 1st. 7s.'
ji
1
20
18
87
I 90 I Gr.BayW.A St.P.— 2d,ine.j
At..I. Co.A W.—1st, Osj
Iowa .Midland—1st, 8s..; 132 El 3!
b
Consol., reg., 1st, 7s...i
!120V
94 V 95 I Ind. Bl. it W.—Inc., 1919.
Oreg. short L.—lst, (isj
Peninsula—1st, couv. 7s; 125 ;
Consol., coup., 2d, 7s. fj 122 *2’
I;
”35”
i1 Consol., inc., (is, 1921...; !!!!!!
IJt. So.—Gen., 7s, 1909; 10234i
;
Chic.it 31 ilw’kee—1st,7s 123 ;
*;
Consul., reg., 2d, 7s ...i 122
98
"VVin.it St. P.
Exten., 1 st, 7s, 190i>:
1st, 7s, ’87- 107*4 108 > Long Is!. RIL—1st, 7s, ’981 121
j 190 ; Ind’sDec.A Spr’d— 2d,inc.!
3fo. Pac.—1st, cons.,; Os.j 104*2 105*4
Trust Co. certificates
j
125 I,1 1st, consol., 5s. 1931 ...I 100**4,'101 V'
2d, 7s. 1907
;
75*2
3d. 7s. 1900
114**t
Mil.it Mad.—1st.Os, 1905’
Lcli.it Wilkesh. Goal—’88
1
j Louis. West. -1st, Os
i
Vo”
! Lake. E.A W.—Ine..7k, ’99; ^31
Pac. of Mo.—1st, Os.
C.C.C.it Ind’s—Lst,7s,s.fd. 1 23
121
iLouisv.A N.—<'011s. 7s, ’98i ......|120 .!
110
i
sand'kv Div.—J nc.,192o!
Consol. 7s, 1914
2d, 7s. 1891
! Cecilian Br'ch—7h, 1907} I01*e
j 123 (
Laf.Bl.it'M 1111.—Inc.,7s,’99j
Consol, sink, fd., 7s, 1914:* 121
,
! N.(>.AMob.—1st,Os, 1930! ’'9(>V
‘i St.L.A S.F.—2d, Os, Cl A 102*-.; 104
'80 '
101
Mil. L. Sh.it W.—Incomes,*
I
C.St.P.M.it O.—Consol, (is 1 11 v..
!
11I
3-Os, < ’lass (’, 1 90(>
2d, O.s, 1930
! 85
60
50
101 *21103
Mob.A O.—lst.prf.,deben.
I!
C.St. Pit 31.—1 st ,0s. 1918, 1 19 V 120
;
E. H.it N.-lst, Os, 1919’ 101
3-(5s, Class B, 1900
|
'
29 V
2d, juef., debentures
No. Wis.— 1 st, (is, 1930.1
lst, Os, Pierce C. A O.
J *15
|
General, (is, 1930
91 '*4 9‘.
V” j: 3d, prof., debentures
!
1
St.P.it S.G.— lst.Os, 1919! 1 18v»;
Equipment, 7s, 1895..
}
Pensacola Div.—t»s,1920!
I
”20
Chic.it E.lll.—1st,s.L,cur.
! 8t. L. Div.—1st, Os, 192l! 103
...|! 4th, pret., debentures ..j*
99*-j:100
j
Gen’l inert., Os, 1931...
1
So. Pac. of Mo.—lst,Os! 105*4;!...! j. N.Y. Lake E.A W.—Inc. (is
Chic.SLL.it P.—lst.con.5si
91
9:5*4 i
2d, 3s, 1980
j 49
* N.Y.P.A ().—lst,inc.ac.,7s * ■“’!! "52 h
Tox.it Pac.—lst. Os, 1905! 105
1st, coil., 5s, leg., 1932..}
!
j Nasliv.it Dec.—1st, 7s.E110^2
12
1
1
91*8 Ohio Cent.—Income, 1920
Cliic. it Atl.—1st. Oa, 192()!* 103 j.;.... ! S.it N.Ala.—tS.f.Jjs, 1910) ......
('onsol., Os, 1905
'
I neome A Id. gr., l eg..
50**81 5078 i Min’I Div.—Inc.,7s, 1921]
2d, Os, 1923
-..J 87v. 90 ! Leban'n-Knox—Os, 1931 j ......
*19
i
71 **41 72**8 .Ohio So.—2d inc., Os, 1921i
1 st,Rio (U.Div.,0s,1930;
Chic.it W.Ind-1st, s.f., tis; 110
Louisv. C.it L.—Os, 1931
94
1 Ogdens.A L.C.—Inc., 1920’,
102
Gen’l mort., Os, 1932
! 107 V * L.Erie A W.-lst.Os, 1919
Pennsylvania UR.—
95 *-j' 95**4 PeoriaD.AEv.—-Inc., 1920. *57" 59
i
Col.it Green.—1st, Os,l9i 0! *95 I.
l’a.Cq.’s guar.4Us,lst,cp'
..!l iSanduskvDiv.—Ok, 1919
!
95**4
i Evansv.Div.—inc., 192o;
79 ,iLaf.Bl.it M. -1st, Os, 1919
i
2d, (is. .1920..:
Registered, 1921..'
93*a' 95
Peoria it Pek.'lln.—Inc.,0s;
l’ilt.C.A St.L.— lst, c.,7s
Col. H.'Val. A To!.—1st, 5s’
80
'Louisv.N.Alb.AC.-Llst,(>s; 91
60
Del. Ij.it W.-7s. eonv.,’92,
ijRoch.it Pittsl).—Inc., 1921}
2d, 7s, 1913
: i Manhat.B ch < 'o.—7s, 19091
7l»1*2l
|
37 V 40
- Rome W. A Og.— Inc., 7s.:
Pitts. Ft.W.A Chic.—1st 138*2
!
Mortgage 7s. 1907
;i:UVi N.Y.AM.B'h-lst,7s797
|
52**4
50
2d. 7s. 1912
! 135 1130 ! So.Car.By.—Inc., (is, 1931
Syr.Biug.it N.Y.—1 st,7s ......(133 iMarietta A-Cin.— lst, 7s..!
j
.133*2 St.L.AI.ML—lst.Ts.pr.i.a.!
Morris A Essex— 1st, 7s* 138 |...... i 3Ietropo!it’n EL-1st.1908 100>8 100*2 i
3d. 78.1912....
'
"60^
55
2d, 7s, 1891
i 114 *
jj 2d, Os, 1899
i 95 ' 97 ! Clov.it Pitts.—Cons.s.fd. 120 ; 128 1 St. L.A.A T. II.—Div. tills-'
!
City.itWest.—1st,7si
C.Rap. 1. F.A. N.—lst, Os! 105 V
1st, 5s, 1921
1 92 '....
Bull'. N.Y. A Phil.-1st. Os
90V 97
1st,
la.
?
83
5
4
98 V , Homo W.A Og.—1st,7s,’91;
I*
115 j'Milw. A No.—1st, Os, 1910;
1033b 10334
Con., 1st, ext., 5s, 1922. j
,..i*113W
!• Mil.L.B.AW.-lst.Os, 1921; 125
1130 ; Roeh.it Pitt,— 1st, Os, 1921!
1*119 I. ....-iMinn.ASt.L.—1st,7s,.1927)
Coupon, 7s, 1894
(120 Ij Consol., 1st, Os, 1922
119
i
1st, Pa.Div.,cp.,7s, 1917,'128 i 130 t: Iowa Ext.—1st, 7s, 1909;
100
I
Rich.itAlleg.—1st,'7s, 1920
Alb. A Susq.—1st, 7s
J 111 jlllV'i 2d, 7s, 1891
! 111V
112
Rieh.it
Danv.—Cons.,g.,Os
2d, 7s. 1885
100
100 V 1 S’thw.Ext.—1st, 7s,1910:
r
1st,cons., guar.7s,1900 *123
I| Pac. Ext.—1st, Os, 1921. 102*4 1023.J I Debenture Os, 1927
103 V,1
Miun.ASt.L.—Ist.Ts.gu.: 125
106 V,
Osj
new series, 1914
C’mp’mlse,3-4-5-fis, 1912
Virginia—Os, old
!
Os, new, 1800
6s, new, 1807
i
Os, consol, bonds
!
Os, ex-matured coupon.
6s, consul., 2d series
6s, deferred
1
7s, 1891
1st. ext,, 7s, 1891
15
"12 V
1893-99
1! Mex. Cent—1st, 7s, 1911s
11Del. Jj. A W.—Contill’d— 1
I
j Mieh.Cent.-CouH.7a, 1902,
!!' M.AE.—Bonds, 7s, 1900
7sof 1871,1901
1
1 123V
It Consol. 5s, 1902.
!
1st,consol., guar., 7s. J 127 I
!j Os, 1909
.1
Ii N.Y. Lack.&W.—1st, Os *119^4 120Vj
Coupon,Ms, 1931
IDel.it Hud. Canal—1st, 7s 102 ;102V ; Jack.Lan.it,Sag.—Os, ’91.
Sinking fund, Os, 1911..
’
V 92 V,
Atl. A Pac.—1st, Os, 1910.
91i,
Balt.* O.—1st, Os, Prk.Br. 110V
Bost. Ilartf. A E.—lst, Ts’ *12
;
m■
i
!
i
*5
100
IIAILKOAD
Railroad Bonds.
coupon,
Aak.
.
Rhode Island—
t
.
Os, 1880
12
12
3
3
501
7u
Bid,
6s, Act Mar. 23, 1869)
non-fundahle, 1888. (
Brown consol’iiOs, 1893
Tennessee—6s, old,1892-8
Os, now, 1892-8-1900
:.....
10
10
bonds, J.&J., ’92-8
Special tax,class 1, ’98-9
......
SECURITIES.
South Carolina—
135
135
10
10
A.AO
Do
Chatham RR
......
Ask.
gu.,0s,1900j
cons.,
Rens. A Sar—1st,
j...... IM0.K.& T.—G.en’1,Os,1920,
135 u4 ’...... I j General, 5s, 1920
I
111V112 ,ij Cons. 7s, 1904-5-0
|
-- —
v'ii4v
...
1
"
'
.
.
.
.
'
!
'
.
fil
I|>iv
‘
3
.
......
.
...
H
..
,
..
r.
I!
•
—
--
-1
'
i
•.
,
...
,
’
......
.....
.
,
.....
..
.
....
#_
ioi'’!■
.
■
......
...
......
*
1
No prices
l'ridav; the
e are
latest quotations made this week
t
Coupons on since 1809.
:
1
March 8,
Quotations In Boston, Philadelphia and Baltimore.
New York Local Securities.
List.
Insurance Stock
ck List.
289
CHRONICLE.
THE
1884.J
ji
Ask
Bid.
SECURITIES.
[Prices by E. S. Bailey, 7 Pine St,]
Marked thus (*) are
not
Par.
Exchange...
100
25
Butchers’-* Drov’s’
25
100
100
25
H)0
<5
IOC
100
100
100
25
25
100
100
100
100
30
50
100
75
100
100
25
100
100
50
100
50
100
100
25
25
100
50
50
100
Broadway.......... -
Central
Chase
Chatham
Chemical
Citizens*
City--.Commerce—
Continental
Corn Exchange*....
East River
Eleventh Ward*....
Fifth
Filth Avenue*
First
Fourth
Fulton
Gallatin
Gartield
German
American*.
German Exchange*
Germania*
Greenwich*
Hanover
Imp. A Traders’—
Irving
Leather Manuf’rs’..
Manhattan*
Marino
Market
Mechanics’
Mechanics’* Trade’
Mercantile
Mercnants'...
Merchants’ Excli...
Metropolis*
Metropolitan
Murra3r Hill*
.......
| Ask.
1175
170
133
281
100
America*...
>mer.
Bid.
National.
150
128
70
100
j Clinton
50
1 Commercial
100
Continental
40
Eagle
100
Empire City
30
Exchange
50
Farragut
17
Firemen’s
10
1 Firemen’s Trust....
100
i Franklin A Emp..
I German-American . 100
50
1 Germania
City
120
.
......
......
•
......
.....
...
......
...
400
....
.
...
......
133
131
120
175
i Greenwich
ioi
......
150
......
......
......
157
265
142
115
172 V
101
1170
165
160
150
152
15 0
!
...
1
130
60
152
100
50
j Globe
.....
102
1 10
119
77
70
108
2‘Ji>
135
lit)
230
.
95
1
i
Nassau (Bklyn.)
Nat ional
N, Y. Equitable
N. Y. Fire
......
i
100
100 140
I
Nassau*
167
i
175
100
New York
New York County . 100 150 i
100 110 |
N. Y. Nat, Exch
!
100 123
Ninth
70 108
North America*
j
'
30 122
Nortii ltiver*
1
! 50
25
Oriental*
i
165
!172
Pacific*
| 50 1
100 ! 165 -i 108
Park
160
150'-j
25
I
People’s*
]
20 j 107
Fhenix
j 109
Produce*
| 50 l
100 120. i 132
Republic
.'.
100 : 150
61. Nicholas*.
Soventh Ward:
100 ! 110 j 115
135
!
100
Second
Shoe A Leather
100 M12
:
State of New York*
100 125
!
100 !
Third
ID)
40 |
Tradesmen’s
: 115
172
Union
50
United States
j 100 :
'
Wall Street
! 50 j
:
.West Side*
..i 100 '
j
...
.
....
...
Niagara
1
105
On
i 95
85
1
105
60
!
8a
i
1
50. i 108
:
-
140
[150
i 90
120
j 100
! 115
! 57
00
1 120
t 70
: 127
’ 120
200
,
j
1
Bonds
Hoboken..j
1
Metropolitan
.:
Bonds
Mutual ( N. Y.)..
Bonds
Nassau (Bklvn,)....
500
100
' 1,000
Seri])
New York
.
People’s (Bklyn.)
Bonds
Bonds
Central of New York
Williamsburg
Bonds
..
i
1
,
Bonds
Fulton Municipal
Bonds
KquitabU*
5
^
|
*i
Var’s
!
*
Hid.
j Ask.
132
92
107
120
155
208
;i35
i
'83
3 4 Nov.,
'
:
.
3G'.Tan.,
375,000 .M.AN. 3Hj Nov.,
125,000' Var’s ;3 jOet.,
4 00,1)00 ( F. A A. 2
.Feb.,
Nov.,
1,000,000: Quar. ' 2
1,000,000' A. A O.! 3 Oct.,
j 110
93
j 122
1225
! 271
11232
1107
|
133
135
1100
80
1!
i>«w
'7s 1
:
88
’SCI 52
1 0 : • 08
1 83 : lot;
’8;; : 97
l-’et).,
5
' '81!
’83 110
’S3 10(3
'84
90
i
;
155
70
ID.)
100
!
80
i
j
---
(Quotations by II. L. Grant,- Uroker, 115 Broadway.]
BrckerSt.A Fult.F.—Stk
1st moil.
100
ooo.ooo
1,000 I 700,000 J. A Jo
Br’dway & 7tii Av- St’k.I
100 2,100.000 12.— J.
1stmolt
j 1,000 11,500.000 .1. A n.i
10 2,000,(100 Q. — F. i
Brooklyn City—Stock
;
1st inert
! 1,000 I 800,000 J. A 1.1
Bklyn. Crosstown—Stock
100 ; 200,000 A. AO.:
lstmort. bonds
i 1,000 I 400,000 J. A .I.j
Bushw’kAv. (Bkln)—St’k
100 i 500,000 Q.--F. |
Cent.Pk.N.A E.Riv.—Stk!
100 !l,800.000 (2.—J. j
Consol, mort. bonds
j 1,000 |1,200,000 J. A D.j
Christ’phTAlOtli St—Stk!
100 i (550,000! F. A A J
Bends
250,000 A. AO.
1,000
......
’SI; 23
% Jan.,
J. A J.
7
(July,1900.110
2
IJiin.,
*84 152
7
Mime, ’84.103'-.
3 V Feb..
’84 200
5
Mill)., If 02 10(5
Oct.,
’83 150
7
I Jan., 1888 105
2
'Feb., ’81 MOO
2
Man.,
’84 142
7
(Dec., 1902 118
2 V Feb.,
’84 112
1898
!l 10
I Fob., ’84 215
DryDk.E.B.A Bat’y—Stk!
100 ,1,200,000' Q.—F. i
1st mort., consol
I June, ’93 114
1500Ac. 900,000 J. A D.i
|
4
1,200,0(10 F.A A.I
Eighth Av.—Stock
j
100 1,000,000! <2.—J. j
Scrip
;
100 jl.OOO.OOOj F A A.
42d & Gr’nd St.F’ry—Stk
100 ! 74S,000: M. AN.,
lstmort
1,000 l 230,000'A. A O.j
Central Crosstown—Stk.
100 I 600.000 J. A J.t
1st mort
1,000 ! 250,000 M.AN.I
Houst. ■w. St. & P. F’y-S tk!
100 I 250.000 Q.—F. ! 2
1st mort
500 ! 500,000!J. A J., 7
Second Av.—Stock
100 i 1,390,500 J. A J.j 5
3d mort
150,000*A. A O.i 7
1,000
Scrip
100
.
'
Consol
Sixth Av.—Stock A scrip
1st more
Third Av.—Stock
lstmort
1,000
1,050,000;M.AN.I 7
100 i 750.000 M.AN.I 5
1,000 j 500,000 J. A J.! 7
100 12,000,000 Q.—F. ! 4
1,000 1i2,000,00()iJ. A J.i.7
000,000, F.A A. 4
100
Twenty third St.—Stock.
lstmort
I 1,000 ! 250,000 M.AN. 7
.-
*
j
1914
102
Jan.,
’84 205
Fob., 1914 105
[Nov., ’83 250
'April, ’93 112
(Jail., ’84 125
Nov..1922 111
I Fed.,
’841110
'July, ’94:110
| Jan.,
’84'230
April, ’85 102
Nov., ’88 107
»uiy,
Feb.,
Jan.,
Feb.,
May,
’83
'90
’84
’90
’84
’93
315
110
275
111
102
110
2i>
1
11121-2
1155
30(5
,200
1110
100
112
105
144
121
110
110
1225
i 110 Hj
ioi
12 A
'
i
78
35
•
i'05>9 ib6>a
i 10
j 112
*120*9
119
:
<
127
127
!
113 V
iVs" J
27
!
28
*100
loov
Preferred
|
121
Fort Scott A Gulf—Prer.
Common
j 80 I
80
Iowa Falls A-Sioux City.
Kan. C. Springf. A Mem.
j 28 i;
17 V
20
Little Rock A Ft. Smith.!
D
23V
Louisiana.A Mo. River..I ‘22
Imp., Os, g., coup., 1897j
bon., Os, g.. coup., 1908
Gen., 7s, coup., 1908..
Income, 7s, coup., 3890i
Cons. 5s, 1st ser.,c., 1922
Cons. 5s, 2d ser.,e., 1933!
Preferred
;
Maine-Central
!
Manchester A Lawrence.'
!
Conv. Adj. Scrip,
Debenture coup.,
!
8Cl
1
......
Worcester...|
Portland Saco A Portsm.j
Rut la ml—Preferred
i
Revere Beach A Lynn ...j
Tol. Cilia. A St. Louis ...;
Verm't A Massachusetts1,
Worcester A Nashua
Wisconsin Central
Preferred
*
|*K.U-
•
Preferred
Bell’s Gap
Buffalo N.V. A l'liil
Preferred
Camden A Atlaiitie
Preferred
Catawissa :...
1st preferred
i! iPliil.Wil.A
'
1
*
•>
i
24
! 26 -i
51
42
57
Os, P. B.,
!
"
Pittsb. Cin.A St, L.—Com.
29 •’’a
197 V
Companies..
prof.
07
j
5 9 V;
19
;
47 V
i
2d, Os, 1885
3d, Os. 3887
Bell’s Gap—1st, 7s, 1893.
1 st, e’s, 1905
Consol., 6s, 1913..
Buff. N.Y.A Phil,—1st,6s
2d, 7s, 1908
Cons. Os, 19.M
1 st, Tr. 6s, 1922
32 V
I::::::
2d pref
Parkersb 11 rg
!
71
75
104 V 105
115
124
_
”87” ’ltd”
106
98
|
IIORE,
Par!
RAILIt’D STOCKS.
I Atlanta A Charlotte
(Baltimore A Ohio
1
105 V
--..J
100]
j
s,
Br
78
198
.!
,.50j
.Central Ohio—Corn
50
128
9
51
”
IMttsburgAConneBsville ”l4*'
I Western Maryland ....50|
29V I RAILROAD BONDS; j
Atlanta A Chari.—1st
1 11330 113V
ioc
|
1 Cen. Ohio.—Gs, 1st,M.AH.
i Chari. Col. A Aug.—1st..
Ciu. Wash. A
2d s
3ds
47 V
18
Inc.
|
Balt.AOhio—Gs,.’85A,AO[
j
Balt.—ists.
ColumbiaA Greenv.—Ists
2ds
No.Central—Os, ’85, J.AJ.
122 V
Os, 1900, A. A O
’961
Inc. 7s. end., coup., ’94!
Ashtab. A Pitt>1). — 1 st.Osi
1st, 6s, reg., 1908
1
Belvid’e Del.—1st,6s,1902
Ex-dividend.
17V
1907
leg.,
HA 1/ri
:
1
West Jersey A Atlantic..
CANAL STOCKS.
Pennsylvania
Loan rg.,’85
vlk. Nav.— I st,0s,rg. I
11
J 2d, Os,
West Chester—Cons.
West Jersey
Lehigh Navigation
1911—j
j Greenw’d Tr., 7s, reg...j
Cons., 7s, reg.,
f.f*; !Seh
63 V
60 >«;
id)
60 V
59 V
18
109 V
j
jreiinsviv.—Os, cp., 1910..j
‘oTv '61'e
i
1890.
Gem, 7s, coup.. 1901
!
CANA I. BONDS.
I
Chos. A Del.—1st,Os,1880!
;I:Leliigh Nav.-Os,reg.,’84.1
j Mort. till., reg.. 1897
K.....I1
17
l’i” !
1 i103
106 V
W. J c r.M-y A A11.—1 s t ,0s, C.;
Western l’enn.—Os, coup.!
i
;;;;
lui"
1st, 7s. 1899
Cons. Os, 1909
”12”! I Morris— Boat
Nesquehoning Valley....
j
1
,98**
1901
!
138
j
United N. J.
9
k) O
"ii"
Ger. A Norristown
Newtown A N.Y..
A Reading
A Trenton
Wilm. A Balt..
93 V! 93V
......
Cons. 6s, gold, 1908
1
Gen., is,
old. 1923... J
1
: Warren A F.—1st, 7s, ’90,
li
West Chester —Cons. 7s..!
W. Jersey—1st, 6s, cp.,’96;
0
Top!
Philadelphia A Erie
Balt,—4s.tr.ctj
i
Preferred
1
Little Schuylkill
Minehiil A Sell. Haven...!
Phila.
Phila.
Phila.
Pliila.
Pliila.
iioo
j 88
Syr.Gen.A Corn.—1st, 7s.:
I!Union
A Tiutfiv.—1st, 7s.
1
Jons.0s,’94
V'
50 V
Pennsylvania
Pit ts.Cin. A
72
95
75
!
‘13” i-y.r,
l
Hi"
Norfolk A West’ll—Com.
Preferred
Northern Central
North Pen nsylvania
I
1893]:
|
"lT*
Lehigh Valley
83
72
ip, 1882
St,I,.—7s. reg
13=4:jlPilts. Titus. A B.—7s,cp.
8^4
..:
98=a 100
32
130
2d preferred
Delaware A Bound Brook!
East Pennsylvania
j
Elmira A Wnlliamspoi t
I
Preferred
Preferred
10734!
94
I 98
jSbamokinV. A Potts.—7s! nov 126
i::::::!I Isiieti. Val.—1st, 7s, 1909| 79 111 v
82
Gen'l Os, 1921
j
13^4 ‘iiis v
hu ome, Os, 1923
113
1 m ome, 5s, 1914
;
110”
If*
‘ Smibury A Erie—1st, 7s.
i
86
!...
i
1 8unb. Jlaz. A W.—1st, 5s;
1
.....
Iluntiiigd’n A Broad
ibiv'ioi v
’85-881
Conv.,7s, R. C.,1893..t
Conv..7s, cp.ofV, Jan.,’851
!
;
PHI LA HELPIIIA.
RA i LUO A 1) STOCKS, i !
Allegheny Valley
Ashtabula A Pittsburg
Allegh. Val.—7 3-10s,
7s, E. ext., 1910
113
240
103
108
325
115
281
133
107
113
|
110=4
Cons., (is, 1920.5
Cons., 5s, 1920...,
1
1124
1122
1213. 123
128
120
'103
Phil. AErie—2d,7s,cp.,’88
l
i
Ilf"
1P2V
1919 —
Perkiomeu—1 st, 0s,cp.’87
I
30
Selluylkill Nav., prof... .!
RAILROAD BONDS, j
3 30
,
Cons., 5s, reg.,
165
105ia
123
122
117
Cons., Os, reg., 1905 —
Cons., Os, coup., 1905...
j
v
100
...
105
290
110
Phis column shows last dividend on stocks, but date of maturity of bond*.
I
A N. Y. C.—7s, 1890.
*33” 1" id” ]Pa.
!' 7,1900..
...
5
Oil Creek—1st, Os, coup..
-| Peimsylv.—Gen., (is, reg.
1
Gen.*, Os, ep., 1910
79
85
j
167
—
West.—Gen..Os
132*2
123 V
N. R. Div., 1st, Os. 1932 102V103V
it Oil City A Chic.—1st, Os..
io'Q’i
99 7e
78 V
176
110
*
1 14
1 Dl
1,000,000 M.AN.! 3 Man.,
90 ] 92
100 3,000,000]
] 5 (Mch., ’'81 207 ! 21 t
i
:107V 1 1 0
:
750,000 51, A N.j 0 j
j
1888
i 1 5
112
**ibo 3,000.000
....
|
no
1107
300,0110 J. A J. 6
1
! 93 1 9 3
100 .2,000,0001
I
'....I
Metropolitan (Bklyn.) ...j
Municipal
Period
!!'Norfolk A
•
Ogdeush. A L. Champlain;
Old Colony
!
25
Var’s i
700,(I0() M.AN.
100 ;4,000,000 M.AN.
10 11.000,000 J. A J.
1 1,000
Var’s
50
1
50
j
1,000
100
•
119
38
I
120
131
122
84
102
120
125
107
105
-
Sandusky A Clove.
Concord
Connecticut River
Couu. A Passumpsic
1882...
Loh.V.—1st,Os,C. Alt.,’98
2d, 7s, reg., 1910
100*2 : Cons. Os, C.A R., 1923..
118 V 119
I N. O. Pac.—1st, Os, 1920.
•!!No. Penn.—1st, Os, cp.,’85
I
2d, 7s, ep. 1890
Gen., 7s, 1903
I
Debenture 6s, reg
Cheshire, preferred
Chic. A West Michigan..
Ginn.
87 V !Junction—1st, Os,
62 >4 I 2d, Os, 1900...
62 h
15
90 V
Rutland—6s, 1st
90
ilthaea&Ath.—1st, gld.,7s
*
•
—
Sonora—7s
STOCKS.
Atchison A Topeka
Boston A Albany
Boston A Lowell
Bostou A Maine
Boston A Providence
9S
116
90
1890
H. AB.T — 1st, 7s, g.,
Cons. 5s, 1895
120 V
119
Maiq. Iiought’11 A Onton.,
Preferred
-!
i Nashua A Lowell
;
13* ‘
I X. 5". A New 1 upland
Northern of X. ilampsh. 111
Street.]
117
(Harrisb’g—1st, Os, 1883..
i
!
-
50
20
50
TOO
Income
Old Colon}*—7s
6s
Pueblo A Ark. Val.—7s..
| 210
/
Feb., ’'81
'6 1
1,200,000 N’ar.’s 3
Jan.,
’83
315,000 A. AO. 3 hi Oct.,
1,850,000 F. A A 3
Feb.. ’81
! 750,000 J. A J. 7*2 .Inly,
,4,000,000 ,1 .it J. 5
Mch.,
’81
2,500,000 M. AN. 10 , Feb.,
j 750,000 F. A A.i 3 ‘
3,500,000 Quar. j 2
Jan., ’81
1,500,000: M. AN. 0 1
1902
1,000,000 Var’s 4 3
Sept., ’'82
3,000
j
Harlem
Ogdensb.A L.Ch.—Con.6s
132
125
j
2.000.000
N. Mexico A So. Pac.—7s
Norwich A
;
25
20
7s
75
j:
Amount.
Par.
Brooklyn Gas-Light
Citizens’ Gas-1.. (Bklvnh,
Manhattan
|
115
So,-6s..I 109
125
City
GAS COMPANIES.
Jersey City A
j
•
i
:
Fort Scott A Gulf—7s
1
K. City Lawr. A
X. City St, Jo. A C. B.—7s
Little R. A Ft. S.—7s, 1st
K. City Sp’d A Mom.—6s
Moxioan Central—7s
Income
N. Y. A N. England—6s..
6«>
05
1
j
!
liailrnad Stocks mid Hoads.
[Gas Quotations by Gi;o. II. Prentiss A <’<•., Brokers, 11 Wall
Gas and
;
| 105
I
!
|
| 17a
100
M05
50
25
standard
! 50
100
Star
100
sterling
81 uvvesant
] 25
25
Tradesmen's
1
25
United States
West cJiest er
| 10
Willianmburg City., 50
:l
125
|
120
iCor.CowanA Ant.,deb. Os,
[Delaware- Os, rg.A cp.,V.
87*s !DeJ A Bound P,i\— 1st, 7s 123ia
I East Penn.—1st, 7s, 1888
lEastouAAmb’y—5s, 1920 105"
(El. AWmsp’t-1 st.Os, 1910 115
98 V
I 5s, perpetual
87
j
....j
East’rn, Mass—Os, new..I
! 100
|
p. c
V.—1st, 7s, 1901
Conuect’g Os, ep., 1900-04
118**2 119
*
Nebraska, 4s
j 105
110
0T1
no
110
150
95
155
95
132 G
110
185
108
105
115
Cons., 0
,Cam. A Burl. Co.—6s, ’97.
Catawissa— 1st, 7 s, con. c.
Chat. M., 10s, 1888
New 7s, reg. A coup—
CliartTs
Couu. A Passumpsic—17s.
Connottou Valley—Os
70
!
118
Nebraska, Os. ..Exempt] 115
Nebraska, Os.Nou-ex’pt 105 V 100
70
130
200
| 90
1 112
I 105
Uo
50
37 V 20
! 145
Boston A Lowell—7s.
6s
140
145
05
1100
35
People's
Pliehix
Rutger’s
...
1115
100
50
25
25
100
20
...
North River
Pacific
Park
Peter Cooper
110
135
140
58
00
125
8a
6s
290
05
IO934
iCam. A Atl.—lst,7s,g.,’93
i 2d, 6s, 1904
I
Boston A Providence—7s
Burl. A Mo.—Ld. gr., 7s.
106
iCam. A Amboy—Os, c.,’89
1
Mort., Os, 1S89
92
18 V
...
income
Boston A Maine—'7s..
Boston A Albany—7s
210
i 140
1115
00
195
..
.
,
25
100
15
i Hamilton
1
50
Hanover
100
! Home
50
: 11 owaid
! Irving
.*... 100
30
i J etlorson
20
Kings C’11 tv (Bkn.).
40
[ Knickerbocker
j Long 1 sl’d (B’klyn) 50
25
Lorillard
: Manufae. A Build.. 100
25
Mecli. A Traders’
50
Mechanics’ (Bklyn)
50
Mercantile
50
Merchants’
50
Montauk (Bklyn.)..
Atlantic A Pacific— 6s
155
113
158
175
170
150
125
120
90
240
260
80
100
112
85
80
115
107
122
7s.
A tell. A Topeka—1st,
Land grant, 7s
Ask.
145
106
150
105
165
140
120
110
60
230
245
75
90
20
Citizens’
'iso
2020
124
275
156
122
Bid.
50
American
Amer. Exchange... 100
25
Bowery
25
Brosulway
17
Brooklyn
1135
i'40
Par.
COMPANIES.
Ask.
•Buff.Pitts.A W.—Gen.,6s
BOSTON.
PRICE.
PRICE.
COMPANIES.
Bid.
SECURITIES.
33
120”
J
Os, gold. 1900.
5s, Series A-<
os,
J.AJ
Series B
t Per share.
1st, gua.J AJ
endorsed
j| VirginiaHR.A Tenn.—Os
Union
-8s!
W.Md.—Os, 1st, g., J.AJ.
2d, guar., J. A J....;
2d, guar. l>y W.Co.,J. AJ.
Os, 3d, guar., J. A J
Wilm. C A A ig.—Os
Wit. A Weioon—Gold, 7s
t in
default.
? Fix
108 V
102
101V 101V
69 V
69 V
34
34
101
103
77
78
103 V 104
119 V
i‘03“
—
Canton
10s”
90
105
108
108
101
101
124
124 V
119 V
101
101V
124 V
109 V
110
iif”
120
righto.
113
290
THE
RAILROAD
Latest
Roads.
K.CFt
Ala.Gt.SontherD January...
Bur.Ced.R.&No. 3d wk Feb.
Canad’ri Pacific 4tb wk Feb
Central Iowa....
Central Pacific.
EARNINGS.
Earnings Reported.
Week or Mo
1883.
1884.
1883.
S
*
.8
$
81,495!
49,594{
47,577
(19,000:
93.196!
84,124
356,158
485,000
56,000'
79.9561
February..
January... 1,583,000 1,747,681
Cheaap. & Ohio. 1st wTk Feb
77,880
Eliz.Lex.&B.S. let wk Feb
13,618
117,005
269,114
157,205
1,747,681
312,556
59,443
1,232,716
62.087
1,203,770
35,309
50,787
231,910
251,130
383,562
2.765.000
411.300
2,899,800
60,586
14,194
57,796
398,000
447,000
112,317
E.Tenn.Va.&Ga.; February..
315,907
Flint & P.Marq. 4th wk Feb!
Flor. Cent. Sc W. 4th wk Feb!
Flor. Tr. & Peu.kth wk Feb
Ft.W. & Denver. February..
Grand Trunk.... Wk Feb.23
96,600
26,063
175,082
182,261
100,400
6,816
24,489
19,658
210,381
313,253
55.460
8.178
6,006
338,251
Gr.Bay W.&St.P. 4th wk Feb
0,910
GulfCol&San.Fe 3 wks Fel).
d.Ill. Cen. (Ill.).. 1th wk Feb'
Do
(Iowa) 4th wk Feb
Ind.Bloom.& W. 4th wk Feb
8. & Gtilfjjd wk Feb.I
Kan. C. Sp. Sc M. 3d wk Feb.!
97,183
173,800
29,200
53,988.
36,228 {
29,027!
Lon/? Island— llhwkFeb!
Louisv.&Nashv.' lth wk Feb
25,437
L.Rk.M.Riv.ol:T. February, j
Mar.lIough.A O. January... j
Memp. Sc Chari. February..;
Mex.Cent ,8o.D 2d wk Feb.
3d wk Feb.
Mex.Nat.,No.D. i4th wk Feb,
Southern Div. 1th wk Feb!
Other lines
'1st wk Feb'
Milwaukee Sc Xo!4th\vk Ft b!
Mil. L.Sh.«fe West I H h wk Feb'
Mobile i; Ohio..'January
Nash.Ch.&sr.G. i Januaiy...!
N.O. Sc No. East. January... i
N. Y.
Susq.tte W.iJanuai v ..j
Norfolk vfe West i js <!ys Ft bj
Shenandoah Vig;8 dys Feb;
Northern Cent... 'January... i
Northern Pacific, February..!
Ohio Central
jltli wk Feb'
—
99,098
457,415
8,137
98,410
50,700
561,162
36,162
164,616
616,232
355,704
75.159
81,230
49,000
2,599,603
-77.675 j
57,573
29,812!
33,6401
22,813
271,925
19,633
108,610!
272,97
i
258,693
2,133,542
19,203
2! 0,311
2,031,562
19,2031
19,038
j
224,212
103.001
32,(»05{
39,307
9,5 *7j
9,100
72,150
129,100
8.633;
9,925!
22,260!
85,539;
186,993
55,-OOj
61,055
220,154
57,71 i{
409.846
518,300
19,867
696,051
979,020
Rlckin.& Danv..[ February..
Cli’lCol.&Aug. laniui’y ..j
328,109
65,'i7vj
j
Columb. & Gr.'.January ..1
Va. Midland. 'January' ..!
West No. Car. February..!
Rock. & Pittsb’g' Ith wk Feb;
St. L. Alt. A T.Ii. 3d wk Feb.
Do
(broke.’13d wk Feb1
8t. Louis «fe Cam 3d wk Fe!>
8t. L. Ft. S. & W. 3d wk FebJ
Bt.L.&San Fran l ltli wk Feb;
St. Paul Sc Did. 4th wk Feb’
8t. P. Minn.Sc M 14th wk Feb
South Carolina
{January...
Tex.&St.Louis.i I2d wk Feb.
Tol. Cin. Sc St. L J Januaiy
Vicksb’rg<fc Mei j January... I
Vicks. Hh.cfe Pae I January...
West Jersey
{January ...
Wisconsin Cent. 2d wk Feb (
..
l70i
54 ,S55
(59,095
17,850'
145,825
165,569
210.212;
197.388;
186,992
35,800
3,68 L„
0 1,05:
68.1 07]
133,17 ;
176,111!
58,6i lOI
113,852
499,253!
109,- i i
369.621! 1,063,800
19.963!
170,5 fa
Latest
Hoads.
08,107
376.631
79,960
199,253
757,519
151,525
3,9- 9.3n 1
31,152
1.008,775
979,02*6
951,219
328,400:
59 1,969
589,157
70,018
Sj
71,078!
05,376 i
56,0 11
70,61
107,115
28,120
16,098
5,511
14,9141
2,719'
9,509
!
11 1.023
65.71 5i
16,950!
1
-
1
109,585!
226,193
117,393
31,100;
15,318
291,975!
511*599
120.225!
856,433!
10.860,
134,5 It)
s79,375
129,132
118,84.' i
123,133
10,216!
00,001* {
•13,135!
51,515 i
54,695;
649.601 {'
17,665-
1 id/JOO!
1 18.S 15 |
101.389
4.7,540
47,212
03,346}
27,150,
5,372
32.812
7 1.07,8
107,115j
101,388!
34,094
23,7791
101,3061
00,000
51.385*
j
tO,3i,<>!
21,Slot
1--3.
139,975
210,212
197.388
3,68 l
95!, 2 111 j
|
13.4351 2,755
60.300
169, l ib!
1882.
5 1.385
j
11,0341
61,320!
21,61'ji
Earnings Reported.
Wick or J/o;
11,981
01,920
i 3U,3'30
j Jan. 1 to Latest Date.
'
'
1SS3.
1882.
$
At. Top. A: S. Fo December.;
Kail. C'.L.ct 80.j December !
1.105,817 1,458,639 11,1)7,3 ! 8
2*6,922!
128,551
1,792.09
1 1.773.301
Chic. Bur.& 1^.. j December. ‘2,17*'*.91s!2.027,0**0 26,110,368 21,550,804
Clev.Col.C.i ml December.'
314,795j 555,129 1,259,733 4,100,940
Danbury & Nor. i December '
1 1.330
15,332
210,291
2o8,01 L
Evansv.iCT. II Dee* -mber.i
725.891:
59,f)7oj 59.982
650,230
Houe.E.&.W.Tex j December.
20.07!
337,3-0'
266.92 7
3(5,7571
La. Sc Mo. River. I Dei eiiihcr.!
069,800:
519,6 >0
i.IOv-j : 0,0 '0
Miun.ctSt.LoUl ! December J
1. :0.12b
142,32 2
1,651,929! 1,543.423
Missouri Pae. fr ith wkDee!
155,172
483.116 17.107, Li2 15.1 >7 6,82 9
Mo.Kan.ct T. b 1th wkDee' 28 7.711
335.127 11,653,991 10,134,1*53
Tex. A Pacific, jit h wkDte;
la 8,255; 1*96,515 7,00.5,lll> 5,919,732
Central Br’eli.jltli wkDee!
32,7*>6'- 1 ,'6.2,011 i
4.V-J5;
996,196
Whole System!ttli wkDee
9-) 4.(_>;>.>11,04), < 3 . 47,21*3,589 31,731,517
N.Y.L.E.&W.. \\;November ‘2,1 80,982 1,818,82 l 22,06:5.137 IS,512,065
Oregon & Cal... j December.I 100,200
1,056,253
2 710 62
309.631
la 6 f .2 ’0- 3,386.383
Oregon luip. Co j Dc.cenr
427,500
260,6501 5,567,321! 5,014.915
Oregon R.&N.C* !l >eeember.
335,513
Philadelp.tLErii (December. i .257.306
4,108,8 LI l 1.011,41 f
Rome Wat. Sc Og| December.!
133,375; 131,67 0
60. Pac.Cal. N.i? October ...|
1-5.592
132,7 89- 1.085,89'.'! 1,060.207
Do So. Di v'. \ ! Or tube r... * 361.725! 346.3021 3.478.83a
3.289,306
Do Arizona J. {October ..|
215,750
229.740! 2,103.3971 2,375.120
Do N. Mex 1. i October...1
7 5.671 j
62,018
678,150
619.606
Union Pacific... December. 2,407,215.2,559,005J2.),760,9.) 1 30.363 923
Utah Central ...|December.!
93,470' 117,215 1,174,737! 1,508.663
Wab.St.L.«fe P...1 ltii wkDee! 427.90:1* 397.361116,908.465 16,738 357
■
.
er.j
.
Includes St. Louis Iron Mountain Sc Southern m both years
b Includes International & Great Northern in both years.
c Embracing lines in Mo. Ark. and Texas.
d Includes Southern Division.
11 Includes 68 p. e. of earnings of N. Y. Pa. Sc O. HU. from May
Loans and
discounts.
Sew York
Manhattan Co.
2,000,000
Merchants
Mechanics’
27JTO?0C0
2,000.000
1,200,000
Union
America
Phoenix
Tradesmen’s
Fulton
Chemical
...
Merchants’ Ex..
Gallatin Nat....
Butchers’# Dr..
Mechanics’ & Tr
Greenwich
Leather Mau’f’s
Seventh Ward..
State of N. Y...
American Kxcb.
....
.
Commerce
Broadway
Mercantile
Pacino.
Republic
Chatham
People’s
North America.
llanover
[rving
Metropolitan...
Citizens’
Nassau
I Included in Central Pacific earnings above.
1 ,sU5,000
10,COS,300
1.000.000
1,000,000
13,800,900
4,340,900
3.474.600
5,049,100
1.825.700
371,900
370.500
484.300
10 j. 000
40,500
tion,
10.150.200
865,000
117,200
3t. Nicholas
3hoe& Leather.
Corn Exchange.
Continental.....
Oriental
'
Marine
tm porters’ & Tr.
Park
:
Wall St
!
Non'ti River. ...I
East River
:
Fourth Nat’nai.,'
Contral Nat
Second Nat
N. York County.
iermhi Am’c’n..;
Chase National.,
Fitth Avenue.;.;
German Exch. .j
Germania—
i
(J. ,8. Nat
|
Lice,In Nat
;
Garfield Nat ....;
i irth National., j
,..
'
9.208.900
3,036,900
2,860,900!
1,864,300!
1.C0S.000
233.500
757,000
208,800
45,000
9.-4,700;
2,6,00
2,207,800’
515,200
13,100
1,176.200!
4.331.600
10,312.000
19.728.200
5.873.900
7,928,800
2,463,000
3.060,200
4,011.600
1,752,700
3.452.600
834,300
882,200
359,000
180,000
45,000
5,400
11.389,400,
248,500
3,223,8001
268,700
3,053,400
857.100
9,810,000’ 1,305,000
2,87? .8 00
2,403,-OOj
449.100
2,561.200!
3.582,100!
3,716,300
S, 713.000
450,000
430,400
2,163.000;
5,079,1)00
206,000.
24.874,100! 1,828.100
25,921,100
45,000
1.475,300,
i ,560,000 ■
1,058.100 ‘
Is, 173,500,
204,000
36*),000
P.59.2,000;
297,000
4.13i*.000’
45,000
17.671.b00!
5,929,700!
ihgooo
1.324,100;
Uv.7,7l>6
2.' 53.200
2,273, *00
-
81
787.500
15,027,100
-
314,188,600 76
1,100
248.500
2,191.000
1,432.400
118.300
829.400
401.100
234.100
300,000
111.000
1,0h7.00i)
200,00c
112,000
1,023.500
200,OOf
138.500
000.000
2,965.900
172.400
433,000
300,000
157,600
1.212.300
141.100
8GC.000
476.700
241.900
■1,539,700
5,000.0001 10,520.000 3,265,000 2,185,000
5.000,000 19,068,500 8.206,600 1,311,700
1,000.000
6,892,900; 1,025,600 i
470.300
1,000.000
7,373.200! 1,220.400!
6-5,*!i 0
422.700
336.200
181,900i
2,403,000;
2 59,900 j
1,500,000
3.348.200
843.000
450.000
4,23.6,1,00
636.700
464,100!
1- 6,600 i
200.000
1,462,D00{ 179.500
700.000
394.000!
3,324,500;
251.700
712.400
1,000,000 10,450.400’ 2,037,100
2,656.000'
520.400
500,000
569.300
3,000.000 11,493.000 2,549,000.
550,000;
2.968.600
340.400
C00,000
423,100
2 8,600
500,OOC
2.577.700
184,500'
611.700!
2.840,100
500,000
122.900
2,857,!'00
500,OOC
195,9001
260,600
500,000
3.358,COO;
395,001)!
509,000
4.865.600:
1,000,000
367.500
■5107,000
6.907.200 .2,340.100
1,000,000
428,200;
1 ('9.700
300.000
822,100!
2,238,0001
400.000
4,329,000; 1,076,000'
247,000;
1,500,000! 20,931,300 0,-142,900!
Or-P.OOO
2.000.00U i 21,365.000 3,-97.300 2,467.300;
500.000
D 1.200!
1.631.300
194.300 J
1 7.1 00
210.000
1.530.000
224,000
! ,205,300
250.0001
172.400
146.400
3,200.000
15,29:5,1 00 3,521.100, 1,228,200
2,000,000
8,862,000
531,000; 1,752,000
630.000'
133,000
300.000! 3,478.000
750,000
500.000 I -i.578,91)0 3 .733,70'/ 1,122.400
) ,S27,soO
1.00U.00C
4,6-8,900
721.000;
3 >1,400
1,387,400
211,300
C
2.052.*'00!
93.300
235.400
13.91-0
59-.91 »0
209.000
1.807,000!
3.81
95.900
75'>.000
2,513,300
513.000
3,955.0*)0 1 ,5)3,: O'*
J.iOj-'OO
1
13,000
100.0.)0
5T'*,400
3,1 U ,600
.'6 Oi)0
2.1 lO.soo!
258.00;)
200.000
55.61.0
217.700
20O.UOG
2,**-7,500
3i 2,300
500.000
h, 101,500: 1 100,20.)
207.901:
300.001* j
377.300
3,110.300'
:d(i
200.000:
.-oj,
1
143,900
5J,3oO
156,100
150,(WO |
1,070,100 f
107,600
Tm al,
350,506
2,656.000
l
Market
laO.OOO
3.963,100
274,700
843.300
225.500
404.300
612.700
~~r~
8.738.000
7,460.000
7,679.200
7,474,000
825,2u0
1,054,000
567,000
4 >6,000
4,155.500
Circuia.
526,000
1,262,700
2,674,800
3,024.000
6,011,500
3.2)0,500
443,600
other
than U. S.
%
978,000
1,441,000
1,095,400'
222,200
180,000
2,253,800;
5,s33,S0o2,510,000
2.6 1 .4 -0|
•
15,000
2.199.0001
•6,293,400
2,155,900
716,500
434,300
4
4,500
177,900
1,000,700
135,000
-,200 31,735,700 359,751,700
4.506>00
The deviations from returns of previous week are as follows:
Loans and discounts. ..Dee.
Dec.
Specie
Dec.
Legal ten iora;
Net deposits
>.35,250
018,000
45 *.509
i
.
Loans.
*
1885.
Feb. 16
345,8,*4,200
.314.523.800
23
Moll. I... .314,43S,6U0
-
..
Boston
1 SS
Feb.
“
Specie.
363.511.100
36,1.3^0.200
31,789,700
359.751,700
3
are
:
gg.Clear.
x
*
33.577,100
3 >.240.200
*
11.538.200
H.364.900
1-1,506,800
745.319,279
627.907,270
671,550,184
the totals of the Boston banks■
L. Lenders.
5,902.700
5.960.500
6,161,2)0
past
Circulation,
*
Circulation. Ago.Vlcar
Deposits.*
^
115.018,600
146,574,400
145,919.400
25
y.Ch.
7-,3lP,Si>0
77.800.200
76.818.200
Banks.—Following
*i8...:
Devcoits.
*
?
Loans.
$
±
L. lenders.
Svecie.
11,628,500
i 41,900
Dec.
Circulation
The following are the totals for .several weeks
£
|
r
5,3:8.800
5,193,500
5.701,500
4
98.302,000 24.567.500
97,708,600 23,673,100
97,bO1,900 24,519,800
54.121,319
60.073,573
67,862,010
Philadelphia Banks.—The totals of the Philadelphia banka
are as
follows:
1883.
Fob. IS
25...
Mch. 3
Lawful Money.
*
*
78,534.503
78.840.4*7
“
*
Loans.
79,73*,204
Including the item '‘ due
Unlisted
securities :
to
,
2i.3”1.901
21,477,536
-
—
No
price Friday.
51,960,501
are
quotations for unlisted
lueomea!.
Pen sue. 6c Ati
iooq
11
20
8
0134
42
034
233.4
are
latest prices this .week.
6
.
,,,
25
Jo
8 8 34
rosa
7^8
7^s
58^4
06
55
...
5i)78
16
J1
07
56
100
10
03
5 4
56^
-
*
*
00
95
3
*8
(u.0.
....
4
Prcf..
*
'
1st mort.
2d mort
Incomes
Wisconsin Central, 1st* 82
2
SIJji
•4
76
Pitts. Sc Western
1st mort:
Postal Tel..stock
1st omit., 0 p. c.....
Postal Tel.& Cab.stock
fU. Jo. A West
Kalis. & Neb., 1st...
do
do
2d...
St. Jo. Sc Pacific 1st.
do
do
2d...
Texas Pae. old scrip..
New
Tox. &C0I. I in r*.—GO n.G
r-x Sc St. L..M.AA.lst
U. S. Elec. Light
Vicksb’g A Meridian
....
19*2
r.»4
1st mort
li>
These
; N. Y. L. A \V. Jd, 51>. e.
! guar, by D. L. A W..10O
Y. W.Sll. A: UHlf.—Stk 10«4
North Pae. div. bonds. 743s
No. Ki v. (.'(>n <t.—10 op. c 18 A
Ohio C.— Riv. Div. 1st J0h3
Keely Motor
i 1 ^
D-b.mon Springs, 1st. *5
l^r, end
5
1st mort
8,979,056
,
Georgia Central. lst.*I12^t
*
73,728,208
....
1st m-oi t.
>C4
Ft.Wo’h Den. City, del.
wli issou T.vtC. stubs* 20
Mexican. Nat
Pi ef
52.842 755
44.713,090
.
I-LG.R’y—Colon 80
Ga. l’ae. stock
1st mort, G p. c.....
2d niort
72.955,562
9.005.125
9,012.573
other banks.”
Cent. div. new...a.. * CS ~
Aeciim’d l‘d gr’t )>ds * 1 5
Boat. 11. & E.—Now st’k
Oid
BiV.irooa.Ttfc West st’k
(Pg
Di‘iM*uture
tii'j
Gull', N. Y. A*; Pliila...* Di
Trust bund.-:. (*s
61)
California Pacific
' 2J-j
Ceil, of N. Jersey deb. 80k)
< Jiie ..V Atl.—Ben. stlc.
io
Denver A: N. (Irleans
5s
Denver Sc V.io G. West
#3
72>09,420
Rid. Asked.
Rid. Asked.
Missouri Pae.,cow. eer. K7:b
1)
105
i M.U.SCkTrust (’erfs.. 1
;)1 h-.
17^2
M. iv. &. T. inc. scrip.
42
‘JO
ITLj
1L1-i N.Y. AGr G.-Jd inc. *7
!)i»
10
,8 21..
60
| -N.Y. M. lT. Tel. st’k. ..57
•
-
Circulation. .AQ-j.Clear.
*
Securities.—Following
Am. Safe Di p. per deb,
Ail. W- Pae.— l-1 mort.
Incomes
Blocks :b"> per cent..
Cent. I >iv. old.......
Dhii.v
Deposits.*
22.102,420
Mahoning Coal & RUN l(Rg
1, 1883.
Tender
cS, 104,000
S.lTo.bOO
t,7i 1.000
4,211,500
3.000,000
1.000,000
1.000,000
1,000,000
000,000
300.000
Net dep’ts
Legal
Specie.
9,303.000
L.AcN.eol.trust lids’82 85^
a
Capital.
.
56,6 I*
12,755
Average amount of—
Banks.
Bowery Nat.’na? I
39,711'
9,
&
Ninth National.
First National..;
Third National.
Nf.Y. Nat. ivveh.
09,4 81
18.800
Cent. N.J.;January ..!
C. Sc Iron January...
82,936
86,088
34,0 11
Pennsylvania ..'January ..' ,57 1.233
929,357 j 3,574,233
Peo. Dee. &Ev.. 3d wk Feb.;
13.774
102,4 67
9,153
Pliila. Sc Read. (January...! 1,499,7 19! 1,608,775 1,199,749
Do
Do
213,697
118,275!
1,111
317,615
1
71.496
301,701!
33,751
24,035
No. Div
101,341
2 4,COO
28,755
20,660
3
233,449
335,198 2,394,924
6,497;
46,02 l
54,558
242,490
101,504
266,519
160,514 1,592,900 1,827,156
25,388
255,0001
248,760
451,074
40,104
411,516
11.7861
Kentucky Cent. 3 wks Feb.l
L. Erie & West n|3d wk Jan.!
L. R. &Ft.Smit h iFebruary..!
193,285
61,404
583.391
45,733
149,501
402,124
625,786
378,267
78,992
45,628
10,614
26,200
191,782
185,720
182,264
20.328!
10,971
218,667
163,994
175,682'
185.7201
9,138
96,100
6.483
19,965
18,489
2,610,214
2,669,017
504,273
671.600
178,876
191,782
18.231
Sew York City Banks.—The following statement
shows tl»
condition of the Associated Banks of New York
City
for the
week endinsr at the commencement of business on
March 1:
City
90,600
27,511!
[Tot. XXXTIU.
81.495
331,553
382,000
1,583,000
359,275
33.035
Chtc.&Gr.Trunk Wk Feb 23
Chic. Mil.&St. P. 4th wk Feb
Chic. & Northw. 4th wk Feb
Ch.St.P.Miu.&O 4th wk Feb
Chic. & W.Mich. 3d wk Feb.
Cin.Iud.Sr.L.tfeC. January...
Cin. N. O. & T. P. January...
Cin. Wash.& Balt 3d wk Feb.
Clev.Akron& Co) 4th wk Feb
Denv.&RioGr.. 1st wk Feb
Des Mo.& Ft. D.;3d wk Feb.
Det. Lan. Sc No.. 3d wk Feb.
Dub. & Sioux C. 2d wk Feb.
Eastern
(3 wks Feb.
Do
Jan. 1 to Latest Date.
1884.
84,l24j
Chicago & Alton 4th wk Feb
Chio. & East. Ill. 4th wk Feb
CHRONICLE.
60
....
4
16
100
....
March
THE CHRONICLE.
8, 1884. J
291
INABILITIES.
Jiiuestmems
1881.
AND
Funded debt (as
intelligence,
RAILROAD
Accounts payable, viz.—
Balances due other roads.
Pay-rolls and vouchers for Dec
Cash dividend unpaid
Dividend scrip outstanding
Sundry accomrs due other roads.
Securities owned by the United
N. J. Railroad & ( anal Comp’y,
..
August, October and December, and is furnished with¬
out extra charge to all regular subscribers of the Chronicle
Extra copies are sold to subscribers of the Chorxicle at 50
cents each, and to others than subscribers at $1 per copy.
June,
REPORTS.
85,301,300
$
92,619,750
57,906,183
1,834,112
57,326,920
1,898,027
59,746,153
1,824,027
10,000,000
9,571.000
9,113,000
524,370
1,343,979
85,672
652,519
4,412,578
96,387
transferred with the lease
1.708
430,286
3,307,641
3,632,104
584,477
4,399,056
61,590
330,360
11,374,119
3,§95,585
3,895,585
3,859,295
7,805.851
2,679,304
2,267,004
1,900,000
2.500.(00
3,100,000
925,940
10,344,079
1,208,750
12,194,639
1,489,610
13,613,184
Equipment of United N. J. RR. &
Can. Co., transferred with lease
Fund for the purchase of seeuri-
guaranteed by the Penn,
ties
IiR.
]
Co., under trust created
;
Oct. 9. 1878
i Consol, rnort. bonds redeemed.
! Balance to credit of prolit and loss
Pennsylvania Railroad Company.
(For the year ending Dec. 31, 1883.)
1883.
$
Investors’
Morts. and ground rents payable.
Penn. Co. for Ins. on Lives, &c.,
The Investors’ Supplement contains a complete exhibit of the
Funded Debt of States and Cities and ofthe Stocks and Bonds
of Railroads and other Companies. It is published on the
last Saturday of every other month—viz.., February, April,
ANNUAL
per
1882.
$
77,672,750
..
The full text of the annual report of Mr. G. B. Roberts.
President of this company, will be found on a subsequent
page, containing statistics of the traffic and earnings of the
past year. The general income account and balance sheet for
three years, as compiled for the Chronicle, are given here¬ ]
175,547,870 180,799,399 204,111,025
Total
Pacific‘Railway.
(For the year ending Dec. 31, 1883.)
The Union Pacific annual report furnishes the earnings and
expenses for 1,821 miles of road only, including the main line
from Omaha to Ogden, the Kansas Pacific line from Kansas
City to Denver and from Leavenworth to Lawrence, and the
Cheyenne Division from Denver to Cheyenne,
The facts relating to the Union Pacific mileage and earnings
Union
e
interesting comparison with previous !
j
1882 AND 1883.
j
The following statement shows the detailed income account
j
of the Pennsylvania Railroad Company for the years 1881, j
1882 and 1883, the
net income *’ given in the first line being j might easily he misunderstood by many readers of the CmtONthe amount of income after deducting interest payments.
I icle without the following explanations :
Is 83.
1881..
1882.
1. The mileage on the main Divisions, as above stated, was
$11,943.-132
$10,768,563
Net income Penn. Tilt. Division.$10,131,71S
with. as they present an
years.
GENERAL INCOME ACCOUNT FOR 1881.
Net loss New Jersey
Balance
From tliis balance
the year
302,805
508,758
$1),828,853
$10,109,505
Division
.
of income for
i 1,821 miles both in 1883 and
1882, and the earnings given in
i the report for each year are based on that mileage.
$11,289,510
2. The whole Union Paeilie system, including branch and
053,914
|
the following am’nts
have been
Payments to trust 'final
Consol, mortgage redeemed
Balt. & 1'oio. RR.—-Advances
Sliamoiiin Coal Co.—Advances
Phila. ifc Erie—Debt ieuey
$600,000
$600, UOO
$600,000
286.480
282,810
2s0.860
143,332
7,000
3,500
.
Allegheny Yal. RR.—Deficiency
-Advances.
175,973
242,621
157,464
Wiilv’.—Delieieney.
50,060
Do
Sunk. II.iz. A:
Fred.
Penn. Line RR.
Ain. 88. Co.--To meet int.
Advances
Do
do
|
757.3-4
251,520
361,591
409,190
50.01 O
1 ">,000
00,660
25,000
15,0! 0
0,000
90,0o0
$1,685,235
$1,736,870
*3.5 14.520
.......
$1,767,870
i
i
15,000
90,060
guar.
was
4,093 miles
on
January 1,*1883, of which
miles, embracing the Central Branch Union Paeilie and
leased tines, the Manhattan Atma& Burlingame, the Manhattan
Northwestern and the Nevada Central railroads, were
operated by other companies, leaving -1,180 miles operated in
the Union Paeilie interest.
During 18s3 then* wen* added (mainly on the Oregon Short
Fjim*) 390 miles, while the St. Joseph A: Western and Solomon
railroads. 30S miles, wen? deducted .from the Union Pacific
system at (lie close of 188:!. making the whole mileage January
j I, 1884, 1.781 miles. from which the sum* 513 miles deducted
| as in 1882 left (lie total mileage operated in-tlu* Union Pacific
interest on January I. 1881. 1.208 miles, against 4,180 miles on
January I. 1883.
3. In the annual report the earnings and expenses arc
i
reported for the 1,821 miles only and nothing is said of the
1 connecting roads. The only item in regard to the result of
| their operations is contained in ihe income account, which is
supposed to give the net prolit of all the connecting roads in
1
Balance ;o credit of income no-'
count after deducting all pay-
1
5,861,7 LS
(8)
(>.890.715
iWei
$9,552,6 16
7.530,050
(Ski
$2,199,265
$1,623,805
$2,021,990
350,866
226,755
meats
Dividends
Rate of dividend
Balance to credit of prolit and
loss am ount for year
Add amount realized from set-
connecting roads,
513
deducted-
tlenient of old accounts, and
on sale of securities
prolit
-the interest and dividends
received
by the Union Pacific. Com¬
from stocks and bonds owned, which receipts are stated
$2,02 1,996 at $2,(Hid,082.
$1,850,560
$2,550,131
1
Deduct balance in settlement
4. The monthly statements of gross and net earnings given
603,152 '
of claims and old accounts...
out
by the-company during the year (which are most useful to
i
Add amount to credit of prolit
and loss Jan. 1
7,703.010
12,191,639 ! stockholders) give the gross and net earnings on all the lines
10,344,079
(operated by the company: and from these and the annual
Balance to credit of prolit and
I report together the following exhibit is compiled.
loss Dec. 31
$10,34 1,079 $12,194,639 $13,613,183
GENERAL BALANCE DECEMBER
pany
1 882.
*
*
estate accounts for the railroads
between Phila. A Pittsburg.... 07,052,875
Cost of bonds of railroads...
19,099,474
Cost of stocks of railroads
52,953,573
Cost of bonds and stocks of muni¬
..
1,257,918
1,307.287
4,051,778
cipal corporations, coal com¬
panies, canal companies, luidge
companies and investments not
Co. Oct.
created
9, 1.878
7,075,109
5.018,003
03:02.404 j Recreate in net earnings
1,909.000
I o', (.00
2.500,000
3,100.000
i
19,000
10,000
j
69,923
57.050
j
738,011
721,43 L
709.330
3.89”*,585
3,895,535
0.879,295
2,805,855
2,079,301
7,267,01’4
3.313,332
4.201,85-7
3.903.157
by
Insurance fund
Mortgages and giouml rentals re¬
S-\001
ceivable
Amount expended for the pur¬
chase of anthracite e< al lands..
Appraised value of securities
owned by United N. J. Cos. and
U. N.
i Decrease
J.
Cos. and i ransferred with ie: s *.
Amount of fuel and materials oa
hand..
Amount of bills and accounts re¬
ceivable, and amounts due from
•
other roads, including advances
made to railroad corporations
for construction and purchase of
equip, used
on
Sinking fund and redemp¬
tion account....
Real estate
Phila. A: Trenton—Construct’ll
Real estate
Other companies
Cash balance in London
Cash in hands of 1 r< iglit and pas¬
senger agents
Cash in hands of Treasurer
Total
111,877
42,349
1,252,200
1.365,120
055,121
733,939
241,112
39,335
11,44",429
1,001,8 L 8
1,350.140
Oeo.Ml
011,895
108,195
1,141,997
1,119.070
8,505,01 8
1,135,097
2,005.812
2,345,081
2,398,630
5.099,455
8,192,400
1,073,103
2,064,051
175,547,876 186.799,599 204,411,625
**
on
:
on
1 1.901,977
10,048,001
8,758,453
.2,142,822
29,700,994
13,090,823
1.118,834
-
l,s*jl miles.
total mileage
1,211,154
j
The annual reported* Mr. Sidney Dillon. President,'states thatTin* aggregate amount of passenger and freight traffic for flu*
year
1883 exceeded the amount for tin* previous year,
the dim¬
inished earnings having been caused by a reduction in rates.
The total number of passengers carried was 1,183,984,''beingan
5,583,285,
excess of 2i percent; and of tons of freight carried
busi-
Th
the year,
Northern
j Pacific Railroad, and the entire diversion from our lines after
j September 15th of the passenger business between Oregon and
1
|
21,501
&
$21,002,541
j being’an excess of 23 per cent over the year 18S2,
(ness depression in Colorado for a greater part of
| together with a division of Montana traffic with the
I
their lines, viz.:
Phil. «fc Erie RR. Co
United New Jersey
RIi.
Canal Co.—Construction
!
-
trauslo! red with lease
Equipment owned by
f 4,268
-1.180
Gros> earnings on 1,821 miles
$22,823,884
: Net eatilings oil 1,821 miles
12,090,835
73,912,855 i Gross earnings on auxiliary roads (2,359 miles
30.100,091 i
Jan. P, 1883, and 2,755 miles Jan. 1,188 1).
7,510,043
58,508,500
Net earnings on same
2,205,112
i Gross earnings on total miles operated (-1,180
Jam 1, lss3, and -1,570 Jan. 1, 1881)
00.303.927
earnings on same
1,821
4,781
4,693
'
j Net
otherwise enumerated
Penh a-. HR.
1883.
„
j
Construction, equipment and real
Manage us of Trust
1,821
MPos of 'main road
i Total miles in the system Dec. 31
Tooil operated m Union Pacific interest
i
! 'SI.
1883.
1882.
31.
ASSETS.
Washington Territory and tin* East, caused a large
loss in the
During the last
passenger business of the Union Division.
seven months of 1883 then* was a reduction of 25 per cent
the rates previously in force on all the company's lines in Kan¬
sas. blit the local traffic resulting f rom the development of the
from
country adjacent to the railway considerably exceeded the
this loss, and but for the reduction in rates in Colo¬
rado and Utah, arising from the competition of rival lines
and the failure to agree upon rates, the gross earnings of the
amount of
company for the past year would have been largely in excess
of the year previous.
The latter of these causes has now been
remedied, and with the maintenance <>f present rates, and the
continued increase of traffic, the gross and net earnings for the
year
'past
1884 should show very favorably when
year.
compared with the
THE
292
CHRONICLE
through, and in the Pacific Coast business, there
gain from last year of 23,083 tons in the east-bound
freight, but a loss of 67,872 tons in freight west-bound. The
local freight increased from 1,609,500 tons to 2,135,955 tons,
being at the rate of 32*7 per cent, and the local freight tonnage
increased from 329,941,729 tons carried one mile to 435,380,875
tons carried one mile, being an increase of 32 per cent.
The
average decrease in rates per ton per mile for the year on
through freight was 73-100 of one cent, and on local freight
“In the
was
was
a
24-100 of
one
cent.”
*
*
*
operating expenses, including taxes, in 1883, were
$10,354,540. Compared with the year previous there was a
saving of $653,438 in the cost of maintenance of way and of
cars, and the increase in the cost of conducting transportation
was $203,731, the total saving in operating
expenses being
*
$372,508.”
*
*
“The total amount of coal .mined by the company
amounted to 757,119 tons, being an increased from the same
mines of 95,273 tons, or 14*3 per cent, over the out-put of the
preceding year. The average cost loaded into cars was $1 4014
cents per ton, being
cents less than during 1882.”
*
*
The sales of company lands in 1883 amounted to a larger
sum than in any previous
year since; the sales were com¬
menced, and exceeded the sales last year by the sum of
$2,308,837. The total number of acres"sold during the year was
1,166,349, for the gross sum of $4,081,133. The number of pur¬
chasers was 3,814, who bought an average of 305’8-10 acres
each, at the average price of $3 50 per acre.” * ;:
“During the past year the railroads connecting with the
Union Pacific Railway and operated under its control were
“
extended
as
follows
:
Oregon Short Lino Railway and Wood River Branch
Omaha and Republican Valloy
317 miles*
27
Omaha Niobrara & Black Ilill.s
«•
14
Georgetown Breckenridgo. A Lvudvillc
2
Denver South Park A Pacific
3(5
Total
390 miles.
OREGON SHORT LINE RAILWAY.
,
“
At the date of the last annual report this railway was open
for business to Shoshone, Idaho, 321 miles from the point of its
connection with the Union Pacific Railway.
Up to the 1st of
January, 1884, the road had been operated for an average
length of about 420 miles : the net earnings of its business since
April 1st being only $57,000 less than the current interest on
the bonds issued for its construction.
This is regarded as a
very favorable result, and is confirmative of the confidence
heretofore expressed of the large volume of business that this
road will exchange with the Union Pacific upon further devel¬
opment of the Wood River Mining District.”
DENVER SOUTH
PARK A
Earnings—
Mail, express, Ac
PACIFIC.
“It was deemed advantageous that an independent line
should be constructed to Deadville. in place of paying to the'
Denver <Sc Rio Grande Railway the large sum demanded for
the use of 43 miles of its track, by which the connection to
Leadville lias hitherto been made.
Accordingly, a branch 34
miles in length lias been built, extending from Dillon to Lendville ; and on the 6th of February the first locomotive passed
over the route.
A short spur. 7)4 miles in lengt h, has, also
been built to give direct connection between the Denver fSonth
Park & Pacific line, and its Gunnison extension.
The branch,
46 miles in length, extending from Gunnison to the coal mini's
on Ohio Creek, has been completed, by
which an ample supply
of fuel of excellent quality has been obtained.”
In regard to the Union Pacific Company's relations with the
United States the report says :
“The relations of the company with the United States have
Total gross earnings
Maintenance of way
Renewal of rails.
(includingtaxes)
tion to the amount which shall
be allowed to
the company as
compensation for the carrying of the mails. Under tin1 deci¬
sion of the United States Supremo Court, the company has a
charge against the United States lor this service, covering the
period from February, 1876—after which date the company
gave notice that it would no longer acquiesce in the rati' pre¬
scribed by the Postmaster General—to December 31st. 1882.
which exceeds the allowanee of the Postmaster General for
the same period by upwards of $3,500,000." * “The matter
has therefore been allowed to go to the Court of Claims for the
purpose of having the ‘ fair and reasonable rate' contemplated
under the company’s charter established.*’ * *
“‘The total cash
1883.
$2,223,987
$2,075,134
$24,258,817
$
2,179,071
1,700,426
$22,823,884
$21,002,542
2,082,492
556,143
4.733,832
1,845.962
5,185,906
2,482,588
Taxes
General
Net earnings
Per et. of op. exp. to
1882.
$2,064,119
Equipment and motive power
TraLsportation expenses
...
_
.
4,626,407
2,596,230
2,392,499
394,011
538,341
487,786
471,297
12,180,313
11,778,474
10,727,049
12,096,835
51*45
10,648,001
4700
49*30
earnings
505,141
531,686
10,354^541
INCOME ACCOUNT.
1881.
Receipts
10,648,001
2,066,682
13,111,152
14,307,934
12,714,683
$
of dividend—
on
4,667,711
.
7
Total disbursements
442,000
10,972,817
Balance, surplus
2,138,335
GENERAL BALANCE AT CLOSE OF
Bonds owned, cost
Advances
12,755,751
16,375,055
2,563,360
Materials, fuel. Ac
3,164,477
U. F. bonds and stock
Denver Extension sink’g
164,046
199,545
106,178
2,195,950
6,074,212
fund
Coal lands and mines
Bonds and stocks bold in trust
Land department assets
2,097,190
1,869,958
11,967,827
2,340,107
11,452,809
1,261,874
1882.
1883.
$
156,949,005
13.582,700
13,537,976
156,878,669
Road, equip’!. Ac
Stocks owned, cost
476,489
EACH FISCAL YEAR.
1881.
$
Assets--
177,863
4,260,788
7
307,000
1,653,359
year’s business..
Total
Liabilities—
*
Stock
Funded debt (see Supplkm’n i )
United States subsidy bonds..
Accrued inf. ou subsidy bonds
Bills payable, and all other
dues an l accounts
Interest accrued not due
■Balance of income account...
$
4,976,204
191,645
4,260.783
117,196
4,076,134
Sinking funds
Due U. S.
$
4,819,128
Discount, int’st, premiums, Ae.
Dividends
Rate per cent,
1883.
$ -f
12,096,835
2,211,099
Net earnings
Interest and dividends
Total income
Disbursements—
Interest on debt
1882.
$
$
11,778,474
1,332,678
-
$
157,3 11,640
”14,236,762
*19,500,645
4,811,121
2,552,213
1
f
t
185,572
6,306,759
289,000
431,570
(3,210,950
9.214,106
201,554,297
2 09,085,797
231 122
3,208/950
200,477,240
*
I
1
0;
.
Total liabilities
60,868,500
.82,118,133
33,539.512
12,590,388
<•
60,868,500
81,845,507
33,539,512
13,136,489
60,863,500
84,506,332
33,539,512
13,868,041
842,743
*,308,509
4,035,078
780,766
6,544,868
789,635
795,915
10,531,911
15,198,983
200,477,246
201,551,297
209,085.797
The items include stocks and bonds of other companies owned by the
Union Pacific and which connect with it and contribute to its earnings,
and also miscellaneous bonds and stocks costing $699/806. The stocks
and bonds of railroad companies only, embraced in those items, amount
a t their pat* value to $61,847,722.
Par value, $5,033,300.
| The balance, sheet in 1882 and 1883 gives the
liabilities against each other, making
Moating assets and
the following exhibit in each
year:
1833.
1SS2.
.1 suets—
Cash on baud'
Balances due from agents and other
Balances duo from auxiliary roads
U. P. .-(ork and bonds owned
Fuel and matorial
roads.
Liabilities—
Notes payable
Accounts pavable
.1,092,510
927,618
2,011,318
2,7 08,137
.
.
.
Coupons, dividends and drawn bonds.
Audited bills, pav rolls, Ac
.
.
$1,962,310
1,259,510
•
2,099,433
2,557,564
$9,009,581
$9,832,863
$2,743,000
2,557,337
*2,398.237
$3,398,000
1,41 4,653
2,421,106
2,907,612
2,11.8,749
$10,141,372
$9,852,321
Excess of liabilities
...
Delaware k Hudson Canal
not
changed during the past year. The-principal matter in
dispute between the Government and the company is in rela¬
1884.
„
Operating expenses—
Total
“The
IVoi. XXXVIII.
308,509
Company.
(For the near ending December 31. 1883.)
report is very brief, as usual. It states that the
mining of eoal was suspended sixty days (luring the year, and
while prices were low, they were well maintained, thus justi¬
fying the policy of a proper restriction of the product. While
the railroad system in its entirety yielded satisfactory results,
the depression in the ore and iron industry seriously dimin¬
ished the earnings of the leased lines, which was, however,
partially overcome by tin' 'increased coal tonnage—953,000
tons
having been transported over the Albany & Susque¬
The annual
hanna and its connections.
At the last annual meeting
of the stockholders, an ordinance
unanimously adopted authorizing the increase of the
under the least favorable construction of the term ‘ net earn¬ capital stock from time to time as the bonded debt of the
ings’ under the Act of 1878, is $1,727,742. Against this company matures, until the aggregate capital shall amount to
balance claimed to be due by the Government, the company $30,000,000.
Under this ordinance $3,500,000 was offered at par in June
has the claim above referred to of about $3,500,600.".
The statistics for four years, compiled in the usual form for last to the stockholders of record$2,877,100 of which was
subscribed for, leaving $622,900 in the hands of the company ;
the Chronicle, are as follows :
the proceeds of said issue of stock are being used in the retiring
ROAD AND EQUIPMENT.
of tin* $3,500,000 of 7 per cent bonds due July 1, 1884, all of
1881.
1882.
which will he paid at maturity.
Miles operated
1 .821
1.821
1.821
The statistics of income, and the general balance, for four
Locomotives
344
341
3 1 »
279
29 i
Pass’gtT, mail & express cars .*
288
years, compiled in the usual form for the Chronicle, make
Freight and all other cars
6,88*2
6,910
6,880 the following exhibit:
payment claimed by the Government; to December 31st
OPERATIONS
Operations'—
Passengers carried
Passenger mileage
Freight (tons) mileage
Earnings—
Passenger—Cash
1981.
807,140
152,970.005
793.331.084
$
4,922,711
208,860
Freight—Cash
15,075.515
Company
1S;s2,
was
AND FISCAL RESULTS.
Government
Government
,
1SS2.
INCOME ACCOUNT.
1883.
991.419
1,195.984
157,527,336
732,791,05 L
$
148,963,839
•481,013
5,054,314
143.3S6
13,543,841
361,648
1,503,599
1,406,678
745,989,015
$
4,545,348
113,768
12,596,584
342,957
1,329,751
1880.
Receipts—
Sales or coal
Canal tolls
Miscellaneous profits
Coal on hand (Dec. 31)
Railroad earniugs in Penn.
Profit on leased lines
Interest on investments...
Total
$
1881.-
561,948
$
9,328,763
58,400
243,537
345,075
805,914
312,243
301,858
7,210,524
42,810
93,516
727,283
1882.
1883.
$
8,993,540
60,007
9,575,362
$
52,403
287,038
745,436
888,559
1,905
187,363
492,924
812.455
8,465
249,497
257,541
10,804,251
11,808,244
THE CHRONICLE.
8, 1884.]
March
1881.
1880.
$
jyisoursements—
535,264
Ooal on hand Jan. l
3,171,369
ujjiiiig coal
596,827
?tosJtrai:6portation, &c...
Jjanalfreight and exps.... 1,568,245
1,343,973
Mid.
miscelianeoua.
leased railroads...
Loss on
Balance
366,578
14,642
1,351,429
general balance at close
1880.
Assets—
Canal) «fcc.
:
.
Railroad and equipment..
Beal estate
and tixtures
Coal-yard, barges, Arc
Mines
Susquehanna UK.
Albany & Susquehanna...
yew York & Canada Ii R..
Cherry Val. Ar Sharon RE
Meehan. Cc Ft.
1,312,083
407,756
1,321,941
2,102,464
1,838,201
1,995.843
Net
earnings as above
Interest, etc., received
1,642,844
Dividends
on
Advances to leased lines..
Advances on coal royalties
Miscellaneous assets
1383.
$
6,339.210
6,414,759
8,846,316
2,713,957
746,791
0,581,070
9,027,804
9,04 4,17'
2.729.31 1
090,397
2,751,230
083,185
1,022,933
1.022,938
1,022,938
1,074,808
3,59 / ,074
300,000
) .008.787
520.10 1
3,597.0 / 4
300,000
3,597.074
48,296
210,922
52,113
211,2.-0
492,924
74 5.436
921,003
043,721
....
3,597.074
300,000
$
10,1 10
200,7 73
727,283
008,894
613,1 SI
4,294,706
69,410
932,130
315,075
400.015
01 5,51 L
2,985,34 9
300.000
037.605
025,073
$175,782
$89,401
61,432—150,833
preferred stock, 7 per cent
Balance
$24,948
Consolidation Coni Co.
(For ike year ending Dec. 31, 1883.)
The President’s
$
6,339,210
0,957,188
9,035,103
2,790,329
070,07 8
1.022,938
6,339,210
8,978
Total
Interest, rents, improvements, etc
546,624
of each fiscal year.
1381.
1882.
$166,803
:
4,996,195
811,873
$
6,339,210
6,456.258
Edward ItII
Meehan, lilt
hand Dec. 31
gchen. &
Coal on
1888.
$
492,924
$
345,075
4,422,213
798,701
1,680,192
8,948,327 11,083,547 10,804,251 11,808,244
Total
Lack. &
1882.
$
727,284
3,985,304
755,331
1,737,979
1,374,784
400,401
298
3,058,429 '3,94 1,540
09,410
09,1 10
1.40 s,449
1,460,1 13
year
report of the business of the company for the
ending Dec. 31, 1883, furnishes the following :
receipts from mines, railroads, rents, Ac., including
value of stock of coal on baud
$1,750,591
Total expenses of every kind (exclusive of interest and sink¬
Gross
ing fund)
.
Net receipts
rut crest paid
Sinking fund
1.514,858
$235,733
$151,116
;
21,000
$17<>,41d
—
Balance to the credit of pro lit
$60,317
and less
The total balance to credit of profit and
loss December 31st,
1883. was $64,776.
The company also
holds as a cash asset $100,000 oidirst mort¬
bonds-of the Cumberland A Pennsylvania Railroad, ac¬
2,009,203 3,914,970
quired in 1875 by the payment of $98,60*0 in cash from earn¬
.1,041,614 40,902,484 41,087,986 43,213,038 ings, as mentioned in previous annual reports.
The funded debt was reduced during 1883, by the purchase
$
$
$
Liabilities—
for
the sinking fund of the second mortgage bonds of the Cum¬
20,000,000
50,000,000 20,000,000 20.000,000
Stock
9,837.000 18,813.000 18,763,000 18,763,000 berland & Pennsylvania Railroad Company and the 7 per cent
Bonds
823.053
830,899 2,414,732
1,003,827
mort. bonds of the Consolidated Coal-Company, amounting to
200,786 1,230,431 1,488,087 2,005,306
$21,000. leaving total funded debt January 1, 1884, $2,501,500,
Total liabilities
..41,041,614 40,902,484 41,087,986 13,213,03S against which the company holds in sinking* fund $84,500.
In the past year the -company contracted for the building
These miscellaneous assets include the following: Albany & Susque¬
of two iron steam colliers.
They will be completed early this
hanna consols (1,970), $1,970,000; sundry bonds, $159,808; 8,540 shares
spring, and will render an important and much-needed service
Albany Ar Susquehanna, $854,000; 8.141 shares Rensselaer & Saratoga,
in the large and growing coastwise business of the company.
$814,iOO; sundry stocks, $116,641.
The railroads of the company have been improved during
Pittsburg & Lake Erie.
the year by the addition of 130 tons of heavy steel rails.
The
(For the year ending Dec. 31, 1883.)
whole main line is now laid with steel rails.
Every branch
The report of the General Manager for the year 1883 shows . of the road department has been maintained in superior con¬
Telegraph and Car.(Jo....
Supplies on hand
Cash and bills receivable.. 3,785,656
69, i 10
1,1.18,322
3,884,088
gage
“
*
*‘
freight
From passengers
From mails
$1.152,1*8
223,538
For t r a n spo il ai ion
For niOiive j ower
For mainteiiYice of way.
For mainten’nce of cars.
For hire of ears (nb. bal )
For general expenses...
1 o.013
......
16,64 8
775
From express
From
dition."
EXPENSES.
earnings.
,
From
telegraph
$202,589
215,295
168,< 06
144,159
42,579
77,129
$819,759
$583,004
$1,102,703
Not earnings
Deduct interest—
On bonds
On scrip, dividend and
$120,000
55,853
,
limiting debt
$ 175,5 5 it
Surplus
$407,150
The working expenses were- 58*4 per cent of the gross earn¬
ings, a decrease c*f 1*1 per vent from last year. The earnings
show a surplus over expenses of $1(17.150 after taking care of
the interest upon the bonded •.{<11. scrip certificates ami all in¬
The equipment notes due the Heaver Falls (’ar
i-S8:h amounting to s<jt.4.88; have been paid during
The puymeuis on this account for J3$i will he hm
$31,588, and for 1885, Sis. [go. dosing out all the payniems on
account of uquipmo-i*.
Lurgdy-iiKTea-cd faeiliiles a.re needed
to properly acconrmodale * li*«;* business at
1 *n t.d*u,rg.
The
gross earnings show an increase of $LTL015 in i$'$3 over
The President. reports the {inancial e nditionof the road as fol¬
lows : Tola! mortgage and capital stock, $2.193.673: total
scrip del a, $615. iKK); hakuiee due for equipment $50,01-1 ;
'(’he assets art*-: (’oust met ion.
temporary loan, $290,-113.
oi.
wav
.$3,910, on
equipment, $1,1 16.31$ ;
terest
charges.
Works in
the year.,
.
Atchison Topeka &
Court
;
easii
on
hand. $40,892.
The undivided
Saute Fe.—Tin* United States Supreme
a
decision in the
Topeka A* Saute Fe Railroad Company to unite with the Den¬
ver A New Orleans
Railroad Company in forming a through
line of railroad transportation to and from Denver over the
Denver & New ^Orleans road, with all tin* privileges as to
exchange of business. P>y the decree of tin* court below a
compulsory business connect ion was established between tin*
two companies.
The United Slates Supreme-Conn- now holds
that the constitutional right in Colorado to connect railroad,
with railroad does not of itself imply the right of connecting
business with business; that the courts cannot’ compel one
railroad t<> do business will) another, according to a scheme
■whi.-h th y (The conns) may devise; tint tin* question oi the
relation of these two roads, so far as through business,
Interchange of cars, Ac., is concerned, is
legislative rather than judicial, and ’that upon the existing
facts a Court of Chancery can a 1 lor(I no remedy.
Decree
through tickets.
reversed and cause remanded, with directions to dismiss the
bid without prejudice.
—The
year,
earnings and
(For the
year
aiding Dec. 31. 1SS3.)
for December, and for
expenses
in 1882 and 1883, have been
Month
as follows :
of Deraii f'cr.—, —
1833.
The road extends from Camden, X. J., to Atlantic City,
59*79 miles, with a branch from Atlantic City to South Atlan¬
tic, 5*71 miles; the Philadelphia Muriton A 31 edford, a branch
from i hidden field to Medford, 11 *7 <> miles, is also operated,
of this company
from the Circuit Court of the United Slates for the district of.
Colorado.
Tin’s was a suit-brought t<> compel the Atchison
surplus is $750,517.
Camden k Atlantic.
case
against the Denver & New Orleans Railroad Company, appeal
I
real estate, $365.090
has rendered
NEWS.
INVESTMENT
GENERAL
1882.
~YiUi\
18-3.
the
1
.
18 8 2.
operat’d.
1,820
1,820
1,820
1,815
earnings
$1,105,^17 \f 1,458,639 $11,1 17,347 $14,773,305
Op. exp’s (ex. of tax.).
487,686
755,467
6 388.759
8,326,600
Miles ol road
Gross
Not
'
earnings..:...
$618,130
703,171
7,723.5-8
0,440,014
earnings December, 1 88 2. included $312,823 on
pool balances.
A. T. A; S. F. gross
account of
making 77*20 miles in all.
Central Massachusetts.—This company gives notice that
The company* has $377,400 common stock, $880,650 preferred
the preferred stock will be ready for delivery at the office of
stock, and a funded debt of $490,000 first mortgage seven per. the New
England Trust Company on and after March 3 in
cent bonds, $497,000 second mortgage six per cent bonds,
exchange
for receipts for bonds given by said trust company.
$225,000 consolidated 6 per cent bonds and $107,000 real estate Tin* railroad
company invites preferred.stockholders who wish
bonds and mortgages.
In 1883, 848,442 passengers and 157,059 tons of freight were to take any of the new bonds to he ''offered by the company to
carried. The passenger business between Philadelphia and send names and amounts to tin*. President. The bonds referred
Atlantic City is now pooled with the West- Jersey road, both to are those to be issued for the completion of the road.
companies being controlled by the Pennsylvania .Railroad Co.
Cleveland Columbus Cincinnati & Indianapolis.—At
The earnings and expenses were as follows:
the annual meeting,
held in Cleveland, March 5, the
1«S2,
p
1883.
report of the board of directors for the year 1883 showed
$381,232 the total
earnings of the road to have been $4,342,604,
Freight
107,688
144,995
Mail, etc•.
45,946
61,486 expenses $3,077,870, leaving the net earnings for the year
$664,733. The amount of tonnage transported and the revenue
Total
i
,...$558,871
$550,406 derived therefrom fell short of the results in former years.
Expenses
392,067
360,084
The result of such rate-cutting was a disregard of tariff by all
Net earnings
$166,804
$190,322. roads. The bonded debt'of the company has been increased
The earnings of the ferries are included above; also those $930,000 during the year. The increase is the result of expen¬
cf the horse cars at Atlantic
City. Expenses were increased ditures made in improving the road generally, and especially
by renewals and improvements of road made during the year. for equipments for the new brandies, the Indianapolis & »St.
The income account was as follows;
Louis and the Cincinnati & Springfield railroads. A new
„
THE CHRONICLE.
294
feneral
been
prepared
to
12,000,000,
mortgage
which will
has cover
the
amountamounting
of all out¬
leave
$4,500,000 as
and
about
a
provision for the future requirements of the road. None of
the Vanderbilts were present at the meeting, their votes
standing
and
mortgages
proxies being cast
by President Devereux, who
voted
Samuel Barton cast a large block of stock. E.
cast the 34,000 votes for the English trust fund, as
90,000 shares.
I. Baldwin
he did last year.
Cleveland Youngstown & Pittsburg.—At Steubenville, O..
Hance appointed Robert Martin of that city
Cleveland Youngstown & Pittsburg Railroad,
March 4, Judge
receiver of the
on
application of Carnegie Brothers of
Pittsburg, R. P. Dick-,
inson of New York, and a number of sub-contractors.
Nebo, Jefferson County,
road has been finished from
Phalanx, Trumbull County, on
New York
100 miles.
the Mahoning branch of
Pennsylvania & Ohio Railroad, a distance
The
Had you really considered that we suppressed some material nm
vision of the contract, M ould you not have been swift to call attention th
it and to have printed the omitted clause with the letter which von
delivered to the newspapers quite as soon as to us ?
3. As an instance of violation of contract, we again call your attention
to the fact that in the agreement upon the faith of which our works
built, your company pledged itself for twenty years to “ transport all
and every of the products of the mines, furnaces, smelting works mills
and other establishments, and mineral and agricultural lands of tlm
Colorado Coal A Iron Company, and all materials used in the construe
^uu
tion, maintenance and
operation of said works, mines, and other indus
structures or properties thereto appertain
ing at rates never to exceed the best rates per mile given to anv other
trial establishments, and the
c
association or Individual.”
"
That, notwithstanding this unmistakable obligation, your company
since the order.of your President of Jan 7, has been transporting naik
made at works east of Colorado from Pueblo (or Denver) to Ogden (or Salt
Lake) for II cents per keg, while t he nails of this c mnanv were chare-ad
company,
to
the
of about
•
$1 48 per keg freight for the same haul.
~
It is not true that the contract thus violated refers.to local business
alone, as has been suggested in possible extenuation. Neither its terras
nor its uniform construction hitherto, nor the reason of things underly¬
Colorado Coal <fc Iron Company.—In reply to the circular
of Mr. W. J. Palmer, the Executive Committee of the Denver
& Rio Grande Railway issued the following address :
DKNVKI! A: Rio GRANDE RAILWAY COMPANY, ?
47 William Street, New,York, March 3, 1881.
>
To the. Hoard of Directors of the Colorado Coal & Iron Company. *
Gentlemen: The very voluminous ami labored communication of
12.TYhoeur
rvoL. xxxvni.
J. Palmer, lias been re¬
have delayed answering
to which we now beg to
call your attention. Regarding the three contracts, extracts from which
are quoted, it strikes us as rather singular that they were not printed as
a whole in order that your stockholders and the public might judge of
what benetlts or advantages accrued to each of the parties under them.
In this connection we beg to state that so far (aim our investigations
have been most thorough in this particular) we fail to find a single
instance wherein this company has violated the terms of its contract;
on the contrary, your company has reaped the full benefit provided for
therein and innumerable other advantages. Regarding theoft-referredto letter of January 7, the facts are as follows : The president of this
company during his investigations found that very large drawbacks
were being paid and other concessions granted to j our company on
every branch of business conducted over its railway, some of which
he considered very unjust.
As au example, you were allowed in the
month of January (on December vouchers) drawbacks amounting to
$5,029 49 on freight bills aggregating $5,982 03. You will readily
understand our president did not desire to transport any more of these
supplies at such rates; hence his verbal instructions to the general
manager to discontinue these special rebates for the time, and until we
could have a conference with your representative, which we have
asked for without results. No allusion was made in the order to the
signed by your president, William
ceived, and as it was so general in its terms we
until we could ascertain tlie facts in the case,
February 14
ing it, justify such a construction. The capital of the Colorado Coal A
Iron Company was investedjn manufactures on the line of vour road
on
the distinct
pledge that it should not besaerilled to the
exigencies or
There could he no f« ar of your
charging us higher rates t han other similar eompaircs in Colorado. The
radway would have neither any inducement or power to do so It was
competition from the eastward th it was to be guarded against. Hal
wo
located the works at the Missouri River or exist thereof, we
would of necessity have be-n sure of always enjoying as good rates as
It was only because we trusted our "Capital and property to a
others.
location on your line that
any contract became necessary. The
actual facts of our tonnage, no less than the recitals of the contract, show
the inducements which influenced the railroad company to make this
solemn pie igo.
If it is to he suspended every time a war between
railroads leads you to offer to carry eastern freights for less
than cost,
there would hi no basis for investment whatever.
It is precisely when for temporary reasons you reduce freights to eastern
shippers that our local manufacturer needs the protection given by the
contract. While from the latter, at least, you would get tlie income from
vicissitudes of railroad management.
hauling of nvw materials and all the other incidental advantages of
securing and encouraging production upon your own line.
The bare fact that this excuse is made in your behalf emphasizes the
danger of turning our company over to your associates to construe both
the
sides of these contracts.
4. You say that $5,029
drawbacks were allowed us on December
freight bills of $5,982. Did you fail to discover in your search after
facts that during that month of December we paid you for our own
shipments, from and to ourselves, $29,831, and that you received
besides from our commercial shipments $110,*>19, making in all
$140,459, which was more than 34 per cent of your total freight
business. Was your president unable to learn, before issuing an order to
destroy ourbusiness, the reason of tlie special rebates of $5,029, on certain
bills aggregating $5,982 in that month, from his general manager or gen¬
eral freight agent, or auditor, or other officers, who M’o.re under the same
roof with him, and who had approved these bills? Has he failed toincoal or coke business, although the agents of your company made an
fonn you that they were made merely to conform our rates lo the then
attempt to distort its verbiage so as to cover every class of business, existing market rale given to every other shipper of like products over
so
notified
some
of
the
largest
of
this
with
and
customers
road,
the the same section of your railway—to put us simply on a par with other
hope, as we believe, of prejudicing them against our company; but the manufacturers for whom you were carrying the same commodities to
explanations that these misrepresentations called forth served to cor¬ the same markets ? That any other manufacturer of nails, Ac., could
rect any wrong impressions.
have the same amount of goods carried in D (ember, between Pueblo and
It has always been the intention of this company to adhere to the
Utah, over your line for $954. That having for your own convenience
terms of these contracts, so far as they legally could, and such will be
pretended to charge us in account for the same tiling $5,982, it wasneeesthe policy of the present management. The statement that there has
sary, in order to keep your contract with us (which in December you
been no complaint from other shippers is untrue, as our executive
were still honoring), that you should credit us back a “rebate” or
oilicers have had innumerable charges of the favoritism extended
“drawback” of $5,029. is it any clearer now?
toward your company, and it is a well-known fact that this feeling has
On January'7, however, your pi*, sident, “not desiring to transport (for
worked much injury to our interest.
the Colorado Coal Company) any more of these supplies at sm h rates,”
The statement that because General Palmer was the president of
directs that this company be charged “until further notice,” fourteen
these various companies at the time the, contracts were executed, there¬
times as much per mile as other shippers.
fore they are to be disregarded, is without the slightest foundation,
Manufacturers to the cast of us who had not trusted to your contract
since we are infoimed that General Palmer’s holdings in your company
promise, availed, themselves of this cut rate, to impair and destroy the
are infinitesimal, and therefore we cannot believe that his iullueuee,
rapidly-growing markets, in Ut ah and the Far West, which this Com¬
should he desire to exert it to our disadvantage, would be regarded.
You did not. refuse a
pany, your best cii'tomor, hud just built, up.
The last part of your pamphlet, embracing copy of letter from a Cali¬
pound of freight at tho.s • same* rates to Mem—the refusal was to us
fornia house, stating what might have been done, is too far-fetched for alone, with whom you had contracts. You had none elsewhere. It
our consideration.
We agree with you that the interest of both our was the very emergency forjwhich the contract was intended. No
companies could best be served by harmonious action, and the prac¬ contract was needed to induce you to haul at high rates !
In short, the figures you quote show the exact measure of theticing of a spirit of equity on both sides; which it has been our disposi¬
tion to cultivate, and all we have desired to exact from your company.
extent to which your contract would have been violated in Decem¬
In this, wo feel assured we have the support of the entire disinterested
ber had you failed to credit us with $5,029 drawbacks, and the measure
of actual violation af er your order of January 7, on the same classes of
public m the State through which we operate.
In conclusion, wo can but believe, if the same energy had been dis¬
product to the same*extent Of traffic reckoned at “regular traffic rates”
played on. the part of your oilicers in looking after the management of (viz., $5,982).
your company in the way of economies, Ac,., that has been exercised in
5. While our representative in Colorado lias not declined, lie has very
trying to destroy the value of tlie very interest upon which you so much properly not been eager to go into a conference with your president on
depend, that the results of your company would have been more satis¬ the avowed business of regulating the prices of our products at our
factory to its real owners.
own Mmrks and mines—not for your consumption, but for commercial
By order of the Executive Committee,
markets.
Adolpii Engler, Vice-President.
Neither lias lie ever been authorized to modify or discuss the subject of
re-adjustment or violation of these contracts.
In reply to the foregoing, the officers of the
(5. Your proclamation of good intentions was to be expected.
We cer¬
Company have addressed the following
:
tainly won id not expect, you to proclaim bad intentions, and at the same
time ask our stoekhol tors to entrust their proxies with you. Your
Office Colorado Coal A Iron Company,?
present acts ■exclude the Colorado Coal A I ron Company from the mar¬
>
47 William St., New York. March (5, 1881.
kets of Utah, Nevada and Californi i, while you open those markets to all
A. Engler, Esq., Vice-President Denver & Rio Grande It'way Co.:
its competitors and yet your president says he lias “done nothing
Sir: Your letter of the 3d instant to the Hoard of Directors of t 111 < com¬
hostile.”
iu truth, his whole course and* announced policy since
pany is at hand. You say (1) that you have delayed answering our com¬
reaching Colorado, culminating at last in this order of Jan. 7, has
munication until you could ascertain the facts; (.9 that it is singular been in the direction, not of building up new business, but of tearing
that we did not print as a whole the contracts which exist between the
down all that his predecessors had done, with the result thus far or
two companies; (3) that you fail to find a single instance in which your
setting by the ears the st vernl companion associated in the development
company has violated the*terms of its contract; (4) that, your president,
of that country. The violation of which we complain was not a tem¬
considering some of the drawbacks paid to this company as very unjust,
porary oversight. For weeks there lias been no War of freight rates.
and, “not desiring to transport any more of these supplies at such rates,” Peace prevails, and yet that- order stands unrevoked, and we are note
being charged “regular tariff rates,” $ l. 48 p.-r keg, while the nails of
f ave
Coal & Iron
communication
verbal instructions to discontinue these special
rebates for the
line; that, as an example, drawbacks amounting to $5,029 were
allowed to our company on December freight bills aggregating $5,982; (5) that a conference with our representative was asked tor without
results; (6) that it has always been the intention of your company to
adhere to the terms of these contracts so far as they legally could, and
that such will he the policy of the present management.
You conclude with some general reflections, interesting enough, but
pertaining to matters with which, as you have not yet been placed iu
charge of the Colorado Coal Company, may be eonsideied prema’ure.
Respecting what we may call the serious points of your communica¬
tion, we beg to say—
investigation of tlie facts cfmnot have gone far enough if it
did not reveal to yon what We now offer for your furtlu r information.
contracts between t-lie two companies have long been printed
in pamphlet form, are in the possession of both parties, and accessible to
all inquirers.
It was only necessary to quote those parts which were
violated. There never has been any pretense that the Coal Company
has not fulfilled its part or the agreements.
Hi an appeal to your Board
to fulfill the obligations assumed by your Company, for consideration
already received, it was not necessary to re-print tlie contracts, for the
information of the public, which was hot a party to them, and to which
we made no appeal. Our appeal was to you, and*it was only the fact that
our
remonstrance was answered by the attempt to put yourselves
in control of our Company that it became afterwards necessary to lay
the case before our stockholders.
other makers are carried at 95 cents.
We also desire you to state explicitly, for the
stockholders, the understandings or nromises under
line- of several miles is being extended to the coal
concern
lias
in
moved
General) to
;
information of our
which a branch
lands of a rival
the canyon field. Whether a regard for “public policy”
you (without, waiting to be so compelled by the Attorneyhold out assurances to these rivals that you will disregard
another important obligation of your contracts with us.
The policy of your present management is to construe
in such a way that the acts of which we complain will not be
violations; or, to use the language of your president, it is to
the contracts
considered
seek “an
equitable te-adjustment” of these contracts and the business relations
between the two companies. For this purpose, doubtless, you are
endeavoring to. obtain the control of this company, so that you can
modify, abrogate, or construe, at your convenience. Whether you
succeed in this enterprise will depend upon the extent t > which you
may lie able to impress our stockholders.
However that may be, we
certainly cannot be charged with misrepresenting your letter, if we
say in a word that the sole excuse you offer for violating our contract
in’ January, is that it cost you something to keep 'it tin December.
think our stockholders may require some stronger justification .
By order of the Executive
Commit!■ e,
O. W. Drake,
Assistant Secretary.
March 8,
THE
1884 ]
CHRONICLE.
Columbus Hocking1 Valley & Toledo.—The following is
exhibit of receipts and expenses in two years past:
an
18S3.
receipts
1882.
$441,705
-
Freight receipts
Express and mail
Telegraph and m'scellaneous
2,189,177
$455,683
2,270,719
42,024
106,476
43,099
116,936
$2,779,382 '
Maintenance of way ami structures
Maintenance of locomotives and ears.
Transportation expenses
General expenses (taxes included)
$2,886,437
$475,753
$418,113
252,237
790,299
194,920
313,377
767,770
195,835
$1,655,569
$1,752,735
$1,133,702
60*72 p. c.
$1,123,812
Xet revenue....-
Ratio of expenses to earnings 1
.
59*56
—
p. c.
For-1883 the income account was briefly as follows :
Net earnings
$1,123,812
Pomeroy A: Middleport donation account
37,693
$1,161,505
*
c
Interest on bonds
Interest on flaming debt.:
Rental Pennsylvania Co
$866,060
35,725
22,028— 924,113
.-
Surplus
I....*
$237,092
Denver & Rio Grande.—The following statement for the
month of January has been issued, showing-the receipts of
Cut rates to Utah points
this road and its leased lines :
prevailed nearly the whole month in 1884, and
ades interfered
seriously with business
snow
Net
block¬
1883.
.$487,291
$463,762
345,153
415,066
earnings
$72,224
$40,383
Decrease in 188 4
DISBURSEMENTS.
Vouchers subsequent to Nov. 17, 1876
Coupon account
Interest
$118,603
“
1,200
152,897
■
51 q
119,425
48,342
$813,297
$700,799
Bridge & Tunnel Railroad.—The Wabash Sf.
Louis & Pacific and Missouri Pacific rai'roads
this bridge and railroad.
abstract of income account for
Gross earnings
Less expenses
Add
152,019
471
Total
St. Louis
1384.
$274 9^2
"
225,000
$299,303
240,000
Payrolls
Arrearages
Cash on hand Feb. 1
are
the lessees ot
1883.
$1,413,617
*,
549,107
$864,510
28,269
pool with ferry companies
revenue on
Total net
$892,779
Deduct
Rentals
First mortgage, $5,000,000 at 7 per cent
First preferred stock. 5 per cent, on $2,490.000
Tunnel dividend, 6 percent on $1,250,000
Corporate.expenses, &o
'.
-
$150,227
350,000
1 24,500
75,000
7,995
02,241
1,753-
Construction and equipment
Liabilities prior to lease
Surplus for the year
Shenandoah
ary
:
188 4.
Actual gross earnings
Operating expenses
*
1883.
INCOME ACCOUNT.
Passenger
295
is
as
71,71'
$121,062
Valley.—This company's statement for Janu¬
follows
:
1884.
Earnings
$11,360
50,028
57,366
Net. $6,110
Def. $16,006
Expenses
Net
or
deficit.
1883.
$56,138
Southern Kansas.—The earnings and expenses for Decem¬
Illinois Midland.—At Springfield, March 4, Justice Harlan
tiled with the clerk of the United States Circuit Court an
ber, and for the year, in 1882 and 1883, have been
Month of Dec'r.—
1883.
'
1882.
as
follows
:
Year.
—
,
1883.
1882.
matters submitted to him at Chicago and Boston in
398
393
connection with the Midland railway foreclosure case. The Miles of road operated..
398
398
$206,922 $128,551
$1,792,092
$1,336,704
opinion sustains the validity of the four different" mortgages; Gross earnings
79,937
804,754
035,774
also that of the large amount in receiver's certificates.
Last Op. exp’s (ex. of taxes/. 90,016
year the case was referred to a master, to take testimony and
Net earnings
...$110,905
$18,613
$987,338
$700,829
report the character^ and amount of the receiver's indebted¬
ness.
He found that all the certificates issued, except to the
Tennessee State Debt.—The funding of the State debt at
amount of about $100,000, were valid, and that a large amount
53, under a law passed at the last session of the Legislature, is
of the other indebtedness incurred by the receiver was due,
progressing slowly. Up to the present time the board has
and was a charge upon the property: also, that Receiver
funded bonds of all series aggregating $3,500,000.
Most of
Genio was entitled to an honorable discharge. Justice Harlan's the
bondholders seem to prefer waiting, in the hope of obtain¬
opinion confirms this report. No decree of salt' lias been ing a better settlement.
entered in the case as yet, and probably will not he before tlie
June term of the Court.
Texas Ar Pacific.—The following statements for the year
1883 were presented at tlie annual meeting in New York this
Lake Shore & Michigan Southern.—The quarterly state¬
ment of this company, made to the New York State Railroad week :
The earnings for t,lie, year were as follows, compared with
Commissioners,'’for the three months ended Dec. 31, 1883, makes
1882
:
the following exhibit, compared with the same quarter in 1882 :
18-3.
1832.
opinion
on
*
1882.
Gro;s
1,883.
Earnings.
receipts
Opcratwig expenses and luxes.,
$5,425, 477
$4,793,881
2,914,271
2,688,293
Xet earnings.
Fixed eliargt-.s
$2,51 l,2i 6
$2,125,58,8
760.050
914,435
$1,751,156
$1,211,153
989,330
989,330
$761,826
$221,823
balance.
Quarter's dividend, 2
per rent.
Surplus for the. quarter
Long Island Railroad.—The statement of the earnings, &t\,
ending Dec. 31, 1883. made to the New York
for the quarter
State Railroad Commissioners, is
Gross
c;ini i n gs
Operating
follows
excluding nil t axes (80*55 per cent )
Net earnings from
operation
& M.
Deficit for the year
$173,604.
Cr.
Sundry accounts
Accrued int. not due...
3 4,231
651,225
Railroad, lias filed with the United States Court
January, 1884. It is as follows :
his
re¬
.
.
.
18?3.
1833.
1884.
$288,148
432,874
9,800
56,529
$241,222
386,588
8,310
39,795
912
673
25,031
24,211
$813,297
“
Total
The
$700,799
year.
Dr.
Const Elion and equip $30,469,865
lilt, scrip,1879 to 1 883.
4,110,411
Terminal prop, at N. O.
1,950,000
Cash and accounts....
627,381
Invest, in stocks &bds.
7,546,250
Income account
$76,861,147
\
95,200
24,903
2,040,137
$76,864,117
receipts from the Land Department (not included above)
$034,595, the land sales and collections having been the
largest ever made by the company.
The total sales were
162,893 acres.
The completion of the Atchafalaya bridge in December last
lias already resulted in a reduction in the operating expenses,
and, it is stated, will add materially to the gross and net earn¬
ings during the current year.
were
Union Pacific.—At the annual meeting held m Boston,
March 5, the by-laws were changed so as to have annual meet¬
ings
come
the fourth Wednesday of March hereafter.
following directors
UECEiPTS.
during the
Sinking fund first mort.
Advances to agents
17,400
6,752
Cash on hand Jan. 1
From station agents
conductors
Individuals, railroad companies, etc
Express companies.
General Post-ollice Department
$2,010,798
.' 2,214,402
,
83.859
port for The month of
I
receipts
Fixed,charges
$92,710
Mississippi. —John M. Douglas, Receiver of the O.
Total
392,791
Total not
4 1,010,791
$200,721
$78,503
:
$1,648,007
Funded debt
New York & New England.—Hartford, March 7.—The de¬
cision of Judge Shipman in the matter of the receivership of
the New York & New England Railroad, read this afternoon,
reviewed in detail the circumstances precedent to, and exist¬
ing at the time of, the application for a receivership, and held
that they justified the appointment of a receiver. The motion
to dissolve the
receivership was denied.
Ohio &
The. income account for 1883 is thus stated
Net earnings, as above
Income from other sources.
$32,161.900
*
Total disbursements
$1,3 43,292
Capital stock
$122,218
Deficit
$1,048,007
$107,31 4
14,874
sources
i
earning*./.
$5,919,732
4,576,440
$551,841
444, 497
sources
Gross inentne from all
Dish u me wen fs—
Interest on funded debt
Taxes
Rentals
Interest and discount
Net
$7,04 5,652
5,397,645
The funded debt was increased $2,301,000
The stock was increased $16,700.
The general account is as follows:
:
*.
expenses,
Income from other
as
Expenses.'
were
elected
:
The
Sidney Dillon, New York;
Elisha Atkins, F. Gordon Dexter, Frederick S. Ames, Charles
Francis Adams, Jr., Ezra H. Baker, Boston; S. H. H. Clark,
Omaha : Grenville M. Dodge, Council Bluffs; David Dows,
Jay Gould, Andrew If. Green, Russell Sage, New York ; John
Sharp, Salt Lake City ; Hugh Riddle, Chicago ; James A. Rumrille. Springfield; the last two named in place of Augustus
Schell and Solon Humphries.
The usual dividend of 1% per
ce it for the quarter was declared.
THE CHRONICLE,
296
THIRTY-SEVENTH ANNUAL
[VOL. XXXVIIL
RAILROAD COMPANY.
REPORT OF THE PENNSYLVANIA
Office
of the
\
PENNSYLVANIA RAILROAD
t
’)
COMPANY,
Philadelphia, March 1, 1884.
To the Shareholders of the
The Board
Pennsylvania Railroad Company :
.
the year 1883, with such data relating to
herewith submit their report for
financial condition.
understanding of their physical and
pany as will give you a clear
The statements immediately
the lines controlled by your com¬
following show the results on the
three Divisions operated by the company east of Pittsburg
and Erie, viz.:—
First—The
Pennsylvania Railroad Division
New Jersey Division, including the
Third—The Philadelphia & Erie Railroad Division ;
Being an aggregate of 2,030 miles of' railroad and 60 miles of canal.
Second—The United Railroads of
INCOME
GENERAL
ACCOUNT FOR THE YEAR
-
Delaware & Raritan Canal ; and
ENDING DECEMBER 31. 1883, AND COMPARISON WITH THE
YEAR 1882.
NO. 1,
M \IN
PENNSYLVANIA RAILROAD DIVISION.
LINK AND
BRANCHES, PITTSBURG TO
|
Earnings—From general
Miscellaneous freights
First-class passengers
Emigrant passengers
Adams Express
1893.
1883.
I $2-1,536,789 45
freights
241, H O
5.812,584
177,011
4 05,205
484,352
!
TO
02
Carrying United State s mails
Rents
Total earnings.
Motive power
Maintenance of ears.
Maintenance of way.
General expenses
5,507,501 25
245,022 77
22,508 64
1,920 00
1,914 31
$1,180,851 00
$0,217,21131
5,103,214 44
$74,104 78
2,388,080 02
353,091 89
3,504,350 39
90,135 08
545,913 93
57,745 90
18,321,413 50
j $17,878,770 09
$142,030 87
$13,696,399 73
$12,959,185 54
!
$6,078,110 47
|
5,237,379 22
!
3.000.-191 47
003,059 89
j
!
2,741,772 51
“
$4,113,058 77
*
2,904 40
172,037 47
I
Line and Branches
$93,974 71
271.010 04
402,301 20
500,921 32
123,877 07
j $30,830,902 23
$139,100 84
$738,214 19
002,496 53
12,915 51
3,510,502 24
273.225 00
280,141 17
!
1
$36,988 07
30,988 07
81.177 30
193.282 55
•
070 0-V» 70
1
$18,373,359 52
Tota Is
[
123.035 00
55,580 07
09,046 89
| $10,931,494 40
$1,4 11.865 12
1
1
$1,002,419 72
Deduct Payment*- — Rentals paid branch roads
Interest on equipment charged brunch roads.
Kent Harrisburg A i uncaster Railroad
Interest on Domic. 1 debt
Interest paid State of Pennsylvania on account of pur¬
chase of main line
Interest ear tru-D
-.
Intere-1 mor;.•■•ages and ground rents
1
Interest general r.vnunt
Interest Pennsylvania Company for Insurances on Live*.
28,897 23
,
;
from operating Main
25,930 70
1
|
Total expenses.
Add interest from investments (in cash)
Add interest from branch roads for use of equipment...
Add royalty from Mineral Railroad & Mining Co. on coal
mined
$13,323 H
Less amount deducted for depreciation in value
of coal lands
13,323 11
Add profits from sundry accounts.
Add Empire Line net earnings.
215.10991
1
$32,017,813 29
Decrease.
$1,019,011 51
1
:
(
Increase.
1 $23,517,177 91
1
!
'
1882.
;■
0
33
03 l
OS
125.797 07 !
174,581 79 (
Miscellaneous passengers
Net earnings
PHILADELPHIA.
85,1 sq :u\
123.917 42
3.2 is,so;, GO
1
$190,559 72
73.43 I 2>>
1.80,01 7 42 •!
12,055 10
J
49.910 10
$1 .411 .890 ( 0
I
3.198N99 20
$7,000 00
""
8,0-12 71
378,3-0 ij <)
1,358 15
370,552 19
Ac., sleek t rust eertiiieates
Premium, e veil a age, <. om mission.-', Ac
State tax on cividt nd
Pnilioad Division
.
N E\V .1 ERs K V
IM’i.t DIN«.
1 $83.
Eakmnos— From general freights
Miscellaneous freights
First-class passengers
Total
0,129.927 SO
$0.102,981 37
$200,9. 0 43
811.0 13 131 72
$10.70 -.' 08 00
$1,17 1,808 09
railroad
o;;< WAiii;
L 8 8 3.
i
|
293,2 1 5 50
5,(84.212 -2
07.052 I 7
3 24; 1 JO . 2
1 8 8,3 I 1 It
70,805 2 1
:
'
Expenses--Conducting transporlalion
f
$5,433.20 t 35
:
Motivd power
Maintenance of cars
Maintenance of way
General expenses
Canal expenses
$11.950,595 05
1
i
!
Net earnings from operating
Add interest from investments
Total net earnings.
$434,182 1 1
300,107 SO
7,808 58 !
$5,310.153 02
$123,800 73
2,330,090 98
281,337 00
11,387 15 i
!
.
$035,819 05
$1,151.082 39
i $4,002.303 89 1
246,92002
$89,318 50
04,723 34
$4,309,290 51
$154,041 84
$4,163,332 35
•
*
!
5,362 49
108.757 74
1 1 1,735 3 1 1
1,021.505 88
$10,1 09,094 21
1
15,185 57
5.104 S3 1
10,801,913 20
1
re r .w,'.
10,220 56
,
93.10 L 22 '
i
1
$7,417 15
|
1
1
29 1.780 13
311,04990
|
t
$725,137 55 1
,
j
T)>
!
■
5 13.4.93 38
!
(in cash)
HR YNlOI.
j $1 1,831,158 10
1
1
53
TON
!
291,571 50
Total expenses
j
55-Si 1 7 TO
1
2.01 8,034 0 1 }
022.251 1 2 1
1.730.301 22 i
103 491 37
i
In ere. is?.
$7,5-194)02 08 :
•
518,055 21 |
earnings
and id 20.il IV.
1883.
70.030 01
Miscellaneous passengers
Delaware A Raritan Canal
17.410 00-
31,990 75
312,229 10 '
Carrying United States mails
1
D! V i 9 TON.
'
1 78.090 ss
j
-
1,535 71
■‘5,798 -1 i 1
5,190.339 02 ’
51.900 09 :
Emigrant passengers
Express
04 1 62
736 12
•
77!) 53
Bi.IA I u.uk
$7,994 3 -i-j 79
....
21.900 .$7
578 93
3 !
*
T. tals..,:
Net income reunsv‘vand!
395. vjo 00
•
'
-.„.
14.451 20
17 1,5 14 1 L
319, U‘2 30
10 1,000 53
8,778 SO
100,09.! 9 1
'311.t13 23
103,115 91
$3,205 57
1
1
j
.
$5,009,429 15
terest, Ac
Payments on account of interest on equipment used by
Belvidere Delaware Railroad Company aud Freehold A
Jamcslmrg Agricultural Railroad Company
49,818 19
j
j
Total
payments.
Net loss under the lease of
Canal Co.’s property
i
Unite! New Jersey Railroad A
'
1
1
This increase is mainly due to the discount- upon the four par cent bonds
Jersey Railroad A Canal Company, to take the place of six per cent bonds
payments.
*
.
*
New
!
j
$1,834.010 03;
13.409 13
*$233,789 12
j
5,409 00
5.1 17.217 34
|
$-1,878,049 10 !
$239,198 18
$053,91 L 99
!
$50S.75S 05 ;
$85,150 31
!
--
for $1.82 1,‘K)0, issued under the general mortgage of the United
thar had matured—which discount is charged in the item
Makch
THE CHRONICLE,
8, 1884. J
GENERAL INCOME ACCOUNT
297
FOR THE YEAR ENDING DECEMBER 31, 1S83. AND COMPARISON WITH THE
YEAR
1882.—(Continued.)
NO. 3, PHILADELPHIA <fc ERIE RR. DIVISION.
PHILADELPHIA?* EIIIK IUUUiOATV
'J
1883.
$3,243,572 58
wiBVi>TGS-From general freights
^Miscellaneous freights........
108,845 21
660.454 05
7.288 (51
First-class passengers
Emigrant passengers ....
Adams Express.
.'...
Carrying United States mails
Miscellaneous passengers
i
$3,138,455 69
i
*
27,408 37
16,362 56
$800,418
762,468
341,361
626,574
Maintenance of cars
Maintenance of way
,.
from operating Philadelphia A Erie Railroad
Net earnings
310 72
957 13
3,O'78 53
34 02
2,798 31
$1,011,413 29
$97,429 87
$871,038 77
$19,379 32
738,465 31
-24,003 68
29s,857 06
691,173 41
42,501 86
2,620,823 62
$3,509,534 55
$21,2*9 07
$ 1,4-8,019 54
$1,411,878 74
$76,140 SO
00
00
02
62
160,410 55
$162,281 12
Deduct interest charged for use of equipment
Amount expended for extraordinary expenses
$6,172 97
660.764 77
13,561 25
Total expenses
Net earnings
$105,116 89
115,018 18
27,464 35
$4 108,813 16
EXPESSES—For c nducting transportation
Motive power
I
Decrease.
-
8,245 74
47,G00 31
44,821 78
Total earnings
Increase.
1882.
$04,599 79
1,870 57
10,00 ) 00
10,000 0 >
172,281 12
$1,315,738 42
applicable to pay interest, Ac.
I
paid.Philadelphia <& Erie RR Co. as rental ...l
1,315,738 42
Deduct amount
1
$1,251,468 10
1,251,468 19
$64,270 23
64,270 23
SUMMARY.
Net Income Pennsylvania Railroad Division, as shown in
Net loss New Jersey Division, as shown in Statement No.
2
Balance after deducting loss on New Jersey
Division
The details of the
appear
foregoing accounts
$11,043,431 72
6*3,014 0t>
Statement No. 1
.
$11,289,516 73.
in Statements A and B, attached to this report, which give separately the
results of the working of each road included in the three Divisions east of Pittsburg and Erie.
$11,289,516 7a
From this balance of income for the year
The following amounts have been deducted—
Payment to fund.for the purchase of securities guaranteed by the Pennsylvania Railroad Company, under Trust
*
created October 9, 18/8
Pennsylvania Railroad Company’s Consolidated Mortgage bonds redeem d by shilling fund
Allegheny Valley Railroad Company-Deficiency in meeting interest guaranteed by tbe Pennsylvania Railroad Company
$251,519 40
Advanced to pay bond due State of Pennsylvania, guaranteed by Pennsylvania Railroad Company..
100.OdO 00
!
And for other advances made
$>"09,000 00
280,860 00
309,190 60
661,010 00
Frederick & Pennsylvania Lino Railroad Company—
Deficiency in meeting interest
American Steamship
as per
contract with Pennsylvania Railroad Company..'.
Company—
To meet interest upon its
And for advances made
bonds guaranteed by the Pennsylvania Railroad Company
‘
15,000 00
$90,000 00
90,000 00—180,000 00—
1,736,870 00
Bhowing balance to credit of income account after deducting therefrom all payments made during 1833, for which your company
was responsible, and that should be charged agahisr income account
Out of which was paid dividends of eight and one-half per cent
$0,552,646 73
7,530,649 75
Deduct balance in settlement of claims and old accounts and amounts
Leaving amount transferred to credit of profit and loss account for 1 383
charged off for depreciation
$2,021,996 93
603,452 3 6
Total amount to credit of profit and loss for the year 1 833
Add amount to credit of profit and loss December 31, 1882
$1,418,544 62
12,19 1,639 41
Balance to credit of profit and loss December 31,
$13,613,184 0 3
1883
—
payment of a dividend of eight and one-half per cent, amounting to
$7,530,649 75, there remained a balance of $2,021,996 98, from which was deducted'the sum of* $003,452 30, properly chargeable
to profit and loss, leaving the net amount carried to the credit of that account for 1883, $1,418,544 02, and making a total credit
at the close of the year of $13,013,184 03.
The division made of the profits of the past year was fully as large as a conservative management of your property
would warrant; the amount carried to the credit of profit and loss not being greater than was prudent, especially in view of
the fact that, owing to the depression in the manufacturing and mining interests of the country, the increased number of road s
competing for through traffic, and the constant tendency to lower rates, the gross revenues of the important railway lines have
for some months past shown a decrease as compared with the same period of last year, without a corresponding reduction in
The above statement shows that, after the
expenses.
The
policy adopted by the Board in 1882, of giving the shareholders the option of converting a portion of their dividend b
continued during the* past year, the actual dividend &
being nearly ten per cent. This plan enables the Company to make use of its current earnings for capital account .instead of
permitting them to accumulate until the regular dividend periods, while the option before referred to enables the .shareholders
to acquire additional stock on favorable terms, and reimburses your treasury for the money temporarily used for construction
purposes. Your Board are satisfied that it would be to the best interests of the shareholders to continue the practice of paying
limited cash dividends, and such extra dividends convertible into stock, as the profits of the Company may from time to time
into stock, and of making an additional allotment of shares at par, was
warrant.
auxiliary lines now owned by the Company amount at their par value to $125,405,519, and
represented on the books at a cost of $95,331,715 73.
The income derived therefrom during the year amounted to
$4,113,058 77, which sum was $214,321 58 in excess of the interest upon your entire funded indebtedness. This fact should be
especially gratifying to the shareholders, as the principal object sought to lx* attained by the investment of this large sum of
money—the proper protection of the interests of your Company—has not only been secured, but the prudence of the invest¬
ment further shown by its yielding an income more than sufficient at the present time to meet the interest on your direct
The securities of branch and
are
obligations.
Pennsylvania Railroad Division for the past year show a steady increase, both in gross and net revenues.
Upon the United Railroads of New Jersey Division there was a very fair increase in gross revenues, but the percentage of
expenses is still high. The results from the direct operations of the line were about $90,000 better than for the preceding year,
the apparent increased loss upon that Division arising from the fact that the discount on the conversion of six into four per
cent bonds has been directly charged against its income.
The Philadelphia & Erie Railroad Division continues to show an improvement, both in gross revenue and net results ; so
that the line, after providing for the interest on its funded indebtedness, had a balance of about $215,000 to appropriate to the
redemption of past-due coupons owned by the Pennsylvania Railroad Company.
The results of the
THE
298
To
CHRONICLE.
[Vol. xxxvm.
provide the additional facilities needed on your Main Line and the New Jersey Division, and to aid in the construction
auxiliary lines necessary for the promotion and protection of your traffic, there was obtained-
of additional branch and
Through allotments to the shareholders and the privilege of converting a portion of the'r
of $3,000,000 of the collateral trust loan of your Company, hereinafter referred to, the
Of this amount there have been
expended the following sums, the balance
dividends into stock, and from the sale
sum of
$10,108,450
00
remaining in your treasury, as shown in the general
account-
A BRANCHES—
PENNSYLVANIA RAILROAD
For construction
For
$735,534 55
- - •
-
equipment
1,045.377 31
---
273,9^*5 Oa
For real estate
$2,651,9
UNITED
RAILROADS
6 89
OF NEW JERSEY—
$328,220 51.
37,083 91
For construction
For real estate
365,904 45
PHILADELPHIA
A
TRENTON RAILROAD —
For construction
For real estate
$215,410 40
5,994 95
-
221,411
35
$3,242,222 03
The folio win" amounts were advanced
during the year for improvements
and extensions on branch and auxiliary lines operated by
the Company—
$203,241 44
Connecting Railway
ltiver Front Railroad
North A West Branch Railway
Mosliannon A Clearfield Railroad
Tyrone & Clearfield Railway
0.954 04
17,580 09
1.9 19
44
47
09
53
92
02
49,885 00
1,207 75
15,802 78
7.559 :-o
.10,000 oo
179,938
523,158
15,800
53,410
205,139
2,130
Western Penn.sylva.nia Railroad
Bald Eagle Valley Railroad
Boiith West Pennsylvania Railway
Pittsburg Virginia A Charleston Railway
Lewisburg & Tyrone Railroad
Bclvidere Delaware Railroad
Pomeroy A Newark Railroad.
Bedford A Bridgeport Railroad
Philadelphia. A Long Branch Railroad
Philadelphia A Erie Railroad
$1,292,139 78
Advances on account of Construction of new
Branch and Auxiliary Lutes—
Susf|uehaima A ( lenrfield Railroad
Ridgwny A Chun field Railway
..
Philadelphia Germantown A Chcsfnut Hill Railroad
Philadelphia A Leliigh Valley Railroad
Pennsylvania A Martin’s Creek Railroad
Pennsylvania ASclmylkill Valley Railroad
Relic finite Nittany A Lcmont Railroad
Total on branch and auxiliary lines
On account of these advances there has been
;
-
expended
on
-
.
407,( 20 37
6*5.142 23
11.207 90
2,552 09
3,300,702 40
2,941 72—1,771,835^82
....
received from the above companies in cash
Leaving the balance advanced in cash f r construction of branch
Total amount
$34‘?,209 11
-
—
$6,003,975 00
956,734 44
5,107,24110
and auxiliary lines by the Pennsylvania RR. Co
$8,349,163 85
capital account in 1883
On account of the above advances to
brancluiml auxiliary lines then*, have been received in securities of those companies,
$4,997,309 84.
yet they are not so when ! purchased, and, after being canceled, were delivered to the trustees
consideration is given to the wide extent of territory covered by ' under the stipulations of the said mortgage; this reduction appears iu
ybur lines and the amount of capital invested therein. Such an extended j the Treasurer's General Account. The amount of bonds so purchased to
(late is $1,489,010 at their par value.
system of railways could not he regarded as in a sound and prosperous
There arc now in the sinking fund, for the redemption of the obliga¬
condition unless they demanded an investment of capital at least .equal
tions
of the various companies forming the United New Jersey Railroad
to that which has been heretofore annually' made.
Canal
A
Company, securities of the par value of $2,140,800. There is
The outlay during the piesent y ear for timilar improvements and
also a cash balance, uninvested by the Trustees, of $14 8 74, making an
facilities upou the Main Line and branches and the United R ilroads of
aggregate investment of $2,140,948 74, for which you will, in the future,
Hew Jersey' Division, and for the completion of the lines now in process
in accordance with the terms of the lease, receive bonds to be issued
of construction and such new branches as may' be necessary', will prob¬
under the General Mortgage of that Company.
ably reach the sum of $8,500,000. This amount it is proposed to obtain
A loan of the Joint Companies—viz the Delaware & Raritan Canal
l>y'continuing the policy'of giving tho shareholders the option of con¬
and Camden. A. Amboy Railroad A Transportation.Company—
Company
verting a portion of theirdividends into stock and by the sale of securities
for $1,700,000 matured February 1, 1883, and a balance of $124,000 of
of auxiliary' linos, and of additional amounts of the $10,000,000 of Trust.
a loan of the same companies having previously become due, bonds to
Certificates which your Board deemed it prudent to create for this pur¬
the amount of $1,82 4,000 bearing interest at the rate of 4 per cent per
pose;. These certificates bear interest, at four and one-half per cent, per
annum,
maturing February 1, 1923,were issuedunder the general mort¬
annum, an l are seemed by a deposit of bonds of your branch and auxili¬
gage of the United New Jersey Railroad A
Canal Company for.
ary'lines representing a par value of $12,500,000. A sinking fund has
been.established for the purpose of retiring the certificates thus issued. $20,000,000, and sold on satisfactory terms, tho proceeds being used to
pay off the loans lirst referred to.
In the judgment of y our Directors, it.-was better for your interests to
Tlr* sinking Hind for the redemption of the Trust certificates issuelfor
place these securities in trust.and ism 3 the obligation of your Company
While those expenditures may appear large,
proper
,
against them as collateral, than to sell them. As before noted, $3,000,000 | the purchase of t he shares of tho capital stock of the Philadelphi'iWihningof the certideates'have been sold, leaving $7,000,000 on hand.
j ton A Baltimore Railroad Company was sutheient t ) enable the Trustee
Tin* debt due. to-the State of Pennsylvania.on aeeount of the purchase
to purchase $423,000 of such eertifi ates during the past year* These
of the Main Lino was reduced during the year by the payment of I certificates have been canceled as provided in the Trust agreement.
$299,907 06, which was charged to capital account. The balance of the The General Account of the Treasurer shows this reduction in the
amount of outstanding certificates, and a corresponding reduction lias
annual payment of $460,000 ($160,092 94) representing the interest
been made on the other side of the account in the cost, of the shares pur¬
upon the amount due to the. State, was charged directly to income
chased by j'our Company. The total amount of these certificates pur¬
account. The balance due on account of the purchase of tile Main Line
chased and canceled to December 31,1SS3, is $.857,000.
is $2,976,002 83.
!
The mortgage bonds of the Harrisburg Portsmouth Mount Joy* A Lan¬
Under the provisions of the consolidated mortgage of the (’ompnny,
caster
Railroad Company, amounting to $700,090, bearing interest at 6
there was set apart on the first day of Ju-y last, out of the net income,
percent per annum, became due July 1,1883. These bonds were exthe sum required for the purchase of outstanding bonds secured by that
mortgage, and < ntitled to the security of the covenants therein, in rela¬ t en led tor thirty years, under the security of the same mortgage, and
the rale of inteiest reduced to.4 per cent per annum.
tion to the sinking fund. Bonds to the par value of $280,860 were thus
|
CAR
TRUSTS.
cent per annum, were paid and cancoled during tho
The ears furnished under Scries C having thus passed into your
ownership, the equipment account was increased $250,000, one-half of
their original cost, the balance remaining charged to profit and loss.
made, under tho sy'stom of Car Trusts,
roads, to the extent of 500 hopper gondolas
and 525 box cars for the Main Line, and 4,987 box, gondola and
atoek cars for the roads iu which y’our company is interested west of
interest at 6 per
Pittsburg.
The
Further
for the
provision
equipment of
was
ymur
The outst anding certificates of Series Caiul I) of the Car Trust, of Penn¬
sylvania, representing 2,000 cars, at a cost of $1,035,000, and bearing
The 16,809 cars placed on the lines
The 10.437 ears west of Pittsburg
y ear.
cars
west of
furnished
through Scries D having been sub-leased to your
Pittsburg, the same plan was pursued by' those lines, as
lines
shown in
their accounts.
east of Pittsburg, through the system oT Car Trusts, represent a cost of
$9,033,380 00
5,431,370 U0
8, 1884.]
Tlie cars
sub-leased to other lines
250 cars
1
250 cars
ud bv
Deduct
299
controlled by your Company, viz.:
Northern Central Railway Company
$720,750 00
.
137,500 00
Allegheny Valley Railroad Company
Total, £8,796 ears
account of which there has
on
p
THE CHRONICLE
March
$3G7,250 00
$15,337,000 CO
been paid, to December 31,1882, for cancellation of certificates
Pennsylvania Railroad Company in 1883
interest paid on certificates.
Balance applied to redemption and
P-dd bv Pennsylvania Company’s lines
Deduct interest paid on certificates
cancellation < f certificates in 1883
in 1883
Balance applied to redemption and‘cancellation of certificates
paid by Northern Central Railway Company in 1883 .-.
.Deduct interest paid on certificates
4
Balance applied to redemption and cancellation of
Pflid bv Allegheny Valley Railroad Company in 1883
Deduct interest paid on certificates
Balance applied to
$632,886 44
177,625 04
.
505,261 40
$500,375 01
139,261 41
in 1853
:
certificates in 1S83
$6,220,000 00
370,013 60
$106,142 16
33,167 16
72,975 00
.
$19,655 <52
5,905 62
redemption and cancellation of certificates in 1883
13.750 CO
Total amount of ccitifientes redeemed to December 31. 1833. as follows :
Amount eancele l in lull payment of 9,214 ears
Amount paid on account of 19,582 ears
Balance of certificates
$5,034,000 ( 0
2,148.000 00
*
7.1S2.000 OO
$3,155,000 00
outstanding December 31,1S83
of tons of freight moved over the Main I fine and branches, of 614,303 tons. The passenger traffic shows an increase of over eight
-'-•&
not including 1,265,297 tons of fuel and other materials for the Com¬ per cent in the number carried.
On the Philadelphia <fc Erie division there was an increase of the ton¬
pany’s use, was 21,674,160 tons; for the previous year, 20,360,399 tom,
showing an increase of 1,313,761 tons, or 6 15-100 per cent. There was nage of through freight in both directions of 37,974 tons, and an increase
in local freight westward of 141,473 tons, but a decrease in local freight
an increase of 1,320,730 tons in local freight.
Of the 21,674,160 tons of individual freight transported over the Main eastward of 693,865 tons. About oue-lialf of this decrease is duo to :v
Line and branches, 1,937,850 were through and 19,730,310 local reduction in oil traffic; the remainder arises mainly from the fact that
the anthracite coal traffic, which formerly passed over two.miles of tho
freight.
The coal shipments increased 1,021,129 tons, and the coke shipments Philadelphia A. Erie road to reach the Northern Central Railway, now
2-13,613 tons; their aggregate being 12,426,888 tons, as against readies that line at Simbury over your North and West Branch road.
Tin- passenger traffic shows a slight decrease in tho number carried.
11,157,146 in 1832—again of 1,269,742 tons.
There were built at Altoona 119 locomotives for j our Main Line and
Tlie east-bound coke tonnage from the Connellsvillo region shows an
increase of 181,670 tons, and the west-bound an increase ol' 115,106 12 for other roads In your interest. There were also constructed at that
tons; the entire movement of coke from that district amounting to point 71 passenger cars, 5 postal ears, 1,391 Car Trust ears, 1,032 freight
ears, and 103 cabin and maintenance of way ears for your Main Line,
2,099,826 out of a total of 3,137,400 tons from all sources.
The total shipments of oil during tlie year 1883 amounted to 1,756,690 and 37 passenger, baggage, and postal cars, an l 17 freight and cabin
barrels, as against 3,972,121 barrels in 1.3S2, showing a decrease of car3, for your other lines.
At the West "Philadelphia shops, 23 baggage ears were bnilt for the
2,215,425 barrels.
Main
Line, and at the Philadelphia & Erie shops, 11 loeom .1 ives. 3 bag¬
On the Main Line the through freight east-bound shows a slight in¬
gage,
322 freight and 13 cabin and maint enance of way ears were con¬
crease, and the through freight west a slight decrease, and the local
structed
for your roads east of Pittsburg.
both
directions,
a
increase.
freight, in
marked
There were used on the Main Line and branches, in construction and
The number of passengers t n the Main Line shows an increase of three
repairs, 20,913 tons of steel rails and 1,353,815 ties; outlie Philadelphia.
per c. nt.
»fc Erie Railroad, 1,832 tons of steel and 171,458 tics; and on tlio
On the United Railroads of New Jersey there was an increase In
through freight, in both directions, of 138,410 tons, and an increase of United Railroads of New Jersey, 0,524 tons of steel and 367,933 ties,
local trailic, in both directions, of 475,893 tons, making a total increase making a total of 29,269 tons of steel and 1,833,206 ties.
The number
LINES WEST OF PITTSBURG.
The following statement gives tho result of the lines owned or controlled by
Company, and the Pittsburg Cincinnati & St. Louis Railway Company:
the Company west of Pittsburg operated by the Pennsylvania
1882.
1882.
1893.
1833.
The total earnings of the Pennsylvania Company on lines operated by it were $19,147,347 60
11,966,297 53
Expenses for same period were
$19,025,061 42
10,976,120 85
$7,181,050 07
$8,049,540 57
6,180,162 75
Leaving net earnings
From this deduct rental, interest and liabilities of
Net profit on Pennsylvania Company’s lines
The total earnings of the Pittshiku Cincinnati
pany on lines operated directly by it were
Expenses for same period were
all kinds chargeable thereto
Leaving net earnings ...'l
profit
on
'$6,660,629 98
4,094,019 33
$7,045,314 13
*
5,141,*. 64 94
*$1,965,980 60
1,971,546 08
$1,904,049 19
-
kinds chargeable thereto.
Pittsburg Cincinnati & St. Louis Railway
Net profit cn lines west of
Ned profit on lines west cf
$1,869,377 82
$795,204 >3
«fc Bt. Louis Railway Com¬
From this deduct rental, interest and liabilities of all
Net
6,385,845 74
i
*
,875,357 49
j Loss, 5,566 08
28,691 70
Company’s lines
$1,363,811 74
$823,896 03
1,863.811 74
Fittsburg for 1SS3
Pittsburg for 1882
,
Decrease
1
t*
$1,039,915 71
.
Annexed to the report is a table marked C, showing the detailed working
The other lines west of Pittsburg, in connection with which tho Company
of each line.
has assumed liabilities, or which it controls through the ownersh ip
of securities, but which are worked through t heir own individual organizations, are the Chicago St . Louis Sz Pittsburg Ruilroal, St. Louis Vandalia & Terre Ilaute Railroad, Grand Rapids A Indiana Railroad and roads operated through its organization, and East Sfc^Louis & Carondelet
<•
Railway.
The
aggregate gross earnings of these roads were
Expenses
Net earnings
1882.
1882.
1883.
18S3.
$0,934,603 19
7,864,995 58
*$9,614,711 98
*
7,097,559 27
$2,069,067 61
*$1,947,152 71
1,909,904 94
*
2,187,835 35
-
$118,167 74
Of this loss your
responsible for
Company, under existing contracts, is
directly
,
Which, deducted from the profit before stated
Leaves a net profit on all lines west of Pittsburg
Net profit o:i all linens west of Pittsburg for 1S82
Showing
a
decrease for 1883 of
for 1883...
or
indirectly
♦
$37,187 7 7
30,488 57
1,863,811 74
$11,226 73
823,895 03
t
812,069 30
$1,394,300 31
1,894,300 31
$1,081,631 01
*Tlio difference between these siuiis and those stated in the last report is due to the fact that the results of the Chicago Bt. Louis & Pittsbu r $
Railway (formerly Columbus Chicago & Indiana Central Railway) were included in 1882 in the operations of lines directly operated, and in 188 J
in the operations of those worked by their own organizations.
.
t The difference between this amount and the b dance shown bv the income accounts of Pennsylvaira Company and Pittsburg Cincinnati «
Ht. Louis Railway Company is due to the fact that the actual advances made during the year were $3,3L7 92 in >re than the losses shown ivy the*
_
operations of the roads.
J Profit.
THE
300
Your lines west
of Pittsburg show a
CHRONICLE.
continued increase in gross earn¬
the traffic,-there is a
Xlio expenses
tend to bung
in roadw ay and
equipment; but this is necessary by reason of the severe competition
resulting from the construction of new lines. Your Board have reason,
ings, but, owing to the competitive character of
larger ratio of expenses and a reduction in net revenue.
in many instances are exceptional in their character, and
the properties to a higher standard of efficiency, both
notwithstanding this, to expect
[Vol, xxxvm.
Balance in the hands cf the Trustees
Bills and accounts receivable in hands
Cash in hands of cashier
$353 403
’ 605*562
of cashier
19*899
Total
71
12
-$98138541
For the proper protection of the largo advances made under the con¬
tract which expired January 1, 1883, for the purchase of coupons, your
company deemed it wise to take the necessary legal steps to determine
the priority of its claim, as the owner of such coupons upon the reve¬
nues of the Grand Rapids Sc
Indiana Railroad Company. This suit is
satisfactory results from these piopei-
ties.
freight movement shows a gain of 1,341,240 tons, and the number
of passengers carried an increase of 050,737, or about live per cent in
now
The
each
pending; it is hoped it will result favorably to your Company.and
settlement of this account.
western lines was fully maintained. The road¬
bed was improved by ballasting additional sections with stone and du¬
The Pennsylvania Company, after meeting all its obligations, was able
ller; by lenewul and substitution of iron for wooden bridges, and by the
to pay a dividend of four per cent and carry to the credit of profit and
further substitution cf steel for iron rails. Extensions were made of the
loss a surplus of $72,820 14.
Of the issue of $3,200,000 of the Pennsylvania Company’s bonds, se¬ third and fourth tracks, and additional second tracks and sidings pro¬
cured by Pittsburg Fort Wayne Sc Chicago Railway stock as collateral, vided at various points. Large sums were expended rin furnishing in¬
$030,000 have been redeemed through the operation of the sinking fund, creased yard, dock and station facilities, and in the purchase of addi¬
leaving the amount outstanding $2,570,000. Of the $12,500,000 of its tional rcal estate at terminal points# The policy' of substituting heavier
four and one-lialf per cent bonds $231,000 have been redeemed, leaving and more effective motive power was continued, and your car equip¬
secure a
ment further increased.
outstanding $12,200,000.
Billing the year there "were laid on the northwestern lines operated
directly' in your interest, 9,91-4 tons, and on the southwestern lines,
11,419 tons of steel rails.
The amount expended during the year in betterments-on
the lines west of Pittsburg was
$1,929,405 75
To w'hicli add the balance at the close or the last annual
2,125,896 81
report
:
funds of the first-and
Fort Wayne & Chicago Railway Com.
the regular annual contribution <ol $104,100 was paid
The report made by the Trustees
second mortgages of the Pittsburg
pany shows that
to the Trusties <f these
of the smiling
mortgages.
They redeemed during the year
$120,000 of the first mortgage and $108,000 of the second mortgage
bonds, making the total amount redeemed to Dectmber31, 1883 :
$1,103,500 00
1,005,500 00
First mortgage bonds
Second mortgage bonds
With
a
balance of cash in the
hands of the Trustees
Total
O11 account of which there were
uninvested Decern,
As stated in the last
$227;722 05
131,108 20
The further sum of $101,921 was also paid into the sinking funds pro¬
vided for the redemption of the existing mortgages on the other leased
lines west of Pittsburg, in addition to the amounts contributed directly
On account of first mortgage sinking fund
On account of second mortgage sinking fund
relieved of what had hitherto been an onotous
increased revenues for
the year, with a surplus after meeting all lixed charges. The laud de¬
partment made sales of 22,050 acres, almost entirely farm lands, for
$225,040 19, being an average of $9 94 per acre. The entire amount
sold to the close of the year, alter deducting canceled contracts, was
393,439 acres, and the aggregate price received therefore was $4,827,-
if the
final.adjudication had sustained the lease, would in
of $12 27 per acre.
proceeds of such sales the Trustees redeemed during the
$1,340,000 of the first mortgage bonds of the Company, of which
#1/2 42,000 were converted into income bonds, making the entile
amount so exchanged to the end of 1883, $2,339,000.
The assets on hand December 31, 1883, applicable to the redemption
of the first mortgage bonds, were:
SUMMARY OF LINES OWNED OR CONTROLLED EAST AND WEST OF
^
Gross expenses,
.
$101,514,926 03
65,385,714 32
$4,138,606 04
$30,730,475 97
$36,129,211 71
$607,264 26
FREIGHT TRAFFIC.
Number
of Tons.
3,531,341 78
•
„
1882.
1883.
-
Increase.
.
$105,653,532 07
68,917,056 10
Showing net earnings
Totals
PITTSBURG.
lr 82.
1883.
and Erie
all probability
seriously affected their revenues.
Your Board thought it advisable, for the proper protection of your
interest, to become, in connection with your western lines, the owners
of a pmtien of the securities of the new company, so that there Is now
held in your interest $11,500,000 cf the first mortgage five per cent
bonds, 117,212shares of the preferred stock and 14,242*2 shares of
the common stock of the par value of $100 per pliurc. The net earnings
of this line, for 1883 were not quite sufficient to meet its fixed charges,
but it is believed that when the improvements now in progress are com¬
pleted and tin* property brought into a tlioioughly effective condition,-it
will be able to make a fair return upon tho capital invested.
Out of the
Lines east of Pittsburg
Lines west of Pittsburg
obligation, and one which,
have
411 33, an average
earnings from traffic
1
excluding rentals, interest, dividends, Ac
$2,949,142 17
account of
annual report, the property of the Columbus
Chicago Sc Indiana Central Railway Company'was sold under foreclosure
proceedings 011 January 10, 18S3, and a reorganization effected on April
1, 1883, under the name of the Chicago St. Louis Sc Pittsburg Railroad
Company'. The long and vexatious litigation attendant upon the lease
of that road was thus brought to a termination, and your western lines
by the individual companies.
The Grand Rapids Sc Indiana Railroad shows
Gross
$4,055,302 56
2,006,160 39
received in 1883
Leaving a balance due iu general
ber 31, 1833 :
year
pioper
The condition of your
class of traffic.
Number of Tons One
Mile.
57,379.115
2(5,319,017
5,066,083,175
2,093,110,673
83,698,162
7,759,224,043
Number of Tons
One Mile.
Number of Toyis.
•
.
54,822,558
24,977,807
4,862,702,539
2,729,844,763
•
7,592,547,302
79,800,365
PASSENGER TRAFFIC.
1882.
1883.
Number of
Passengers.
Lines east of Pittsburg and
Lines west of Pittsburg
Totals
Erie
Numbt
r
of Passengers
One Mile.
One Mile.
748,484,865
369,349,909
48,840,811
1,155,909,139
45,268,663
1,117,831,834
Company cast and west of
Pittsburg
REMARKS.
'
the Trust created October 9, 1878, as will be
by the report hereto attached, there has been paid, to December 31,
1883, the sum of $3,100,000, which, with the income therefrom, has 1
been invested in securities amounting at par to $3,013,203 27, y ielding
an interest of 0 780-1000 per cent per annum upon the investment.
,
The statement of the insurance fund, aLo attuclu d, -shows assets on
j
hand, at the oud of the year, of $1,115,400 19, being an increase over
the previous year of $112,413 93.
During the pu>t y ear a controlling intere st was acquire d by' your Com¬
pany in the Camden & Atlantic Railroad, extending from Camden to
Atlantic City, a distance of liffy-nino miles, auel possessing valuable
terminal facilities in Camden, ami ferry' privileges connected therewith. ■
A majority’ of tho share capital of the West Jersey Ferry C'emipany was J
get s
33,657,024
11,611,639
aggregate amount of steel rails laid in 1883 on all the lines owned, controlled or operated by your
67,864 tons.
Under the provisions of
een
Number of Pastelv
789,134.935
366,774,204
GENERAL
s
Number of
Passengers.
36,584,435
12,262,376
The
was
'
interest. These acquisitions will tend to give the
public better accommodations than they have had in the past, and will
promote and protect your general interests in the State of New' Jersey.
Tho Pennsylvania- Railroad Company having puehased $375,000 of
also secured in yemr
the: seven percent bonds of the Pembei ton & New York Railroad Company, which were guaranteed, principal and interest, by tho United
Railroad A Canal Companies of New Jersey, it was deemed advisable to
a consolidation of that road with the Philadelphia & Long Branoh
Railway, and thus vest in one corporation the ownership of the lines
extending from Pemberton Junction, the terminus of the Camden Sc Bur
lington County' Railroad, to the New York Sc Long Branch Railroad
near Bay Head, in New' Jersey'.
This was effected on the ltjth of Octo'
ber, 1883, under the name of the Philadelphia Sc Long Branch .Railroad
effect
Majrch 8,
18S4.J
THE CHRONICLE.
301
Tbe capital stock of tlic new corporation was fixed at ing this important manufacturing town in direct connection with your
$900,000, with an equal amount of five per cent first mortgage bonds; of system of railroads. The line traversing the Schuylkill Valley, known
these securities your Company received $750,000 of capital stock and pushed Pennsylvania Schuylkill Valley Railroad, has been actively
$750,000 of bonds in settlement of their interests in the lines thus con as tlie forward, and will be ready for traffic as far as Reading during
Coiiipauy*
golidated.
the
The-agreement with the Central Railroad of New Jersey for the joint
use of the line between Bay Head City and Perth Amboy, known as the
New York <& Long Branch Railroad, to which reference was made in the
thirty-iifth annual report, was found to be quite satisfactory in furnish'
\
ing increased facilities to the public, and in promoting the joint interests
of the contracting parties. The change in tlic management of the New
Central road, which occurred in May last, resulted, however, in a
notice that that company would no longer be bound by tie agreement^
jersey
although it was not pretended that your Company had failed in any
manner to carry out the covenants which it had assumed in connection
therewith. It is believed that through the suit which your Company
was thus compelled to bring for the protection of its rights, the contract
will be adjudged to be in full force and effect.
The principal outlay upon your main and leased lines during* the past
year was
facilities.
for extensions of third and fourth tracks and additional yard
The large expe nditure made at Harrisburg for this purpose
afforded much relief in the', movement of traffic, but owing to delays
in the acquisition of the necessary property for the new' passenger station
at that point, its construct ion has not been commenced.
Additional light of way was acquired at various points, and the sum
has
of $275,000 expended for real estate.
On the New' York Division further progress was made in the extension
of third and fourth tracks, and in the improvement of the line at Frank*
ford and Bristol. The new passenger line over the Hackensack River,
•
which wTas exceptionally expensive in its character, is nearly completed
md will he oiiened this spring. It will materially expedite the move¬
ment of traffic, as it affords the passenger trains an independent line
tom East Newark to Jersey City.
There was also an extension of third
and fourth tracks on the Connecting Railway in the work upon the New
Jersey Division.
The equipment, in addition to that obtained through the system of Car
Trusts, has beeir increased by 104 locomotives and 64 passenger and
postal ears.
The pulley that
coining
Your management sees no reason for changing the
season.
iews expressed in the last report, as to the necessity for tho construc¬
tion of this line,
adding to the
and the important influence it will have, not only in
of your properties, but in protecting your in¬
revenues
terests.
The
Philadelphia Wilmington it Baltimore Railroad Company shared
in tho general pr( sperity of the railway interest, during
its net revenues provided for its fixed liabilities and the
the past year;
customary div¬
idend of eight per cent,
with a continued increment to the credit of
protit and loss. The complet on by the Baltimore A Potomac Railroad
Company of its double tiack between Baltimore and Washington has
strengthened the position of the Philadelphia Wilmington A Baltimore
Railroad, and largely increased the facilities for the transportation
of passengers and freight between Washington and northern po;nts.
Your Company tins joined the Philadelphia Wilmington A Baltimore
Railroad Company in a traffic contract to promote the construc¬
tion of a railroad
hundred
about
ore
miles
long, extending
from the southern end of its Delaware lire to the southern extremity of
the peninsula of Virginia, opposite Norfolk. It is expected that this
route, through its directness and ability to shorten the time, will secure
a large share of the traffic which now seeks the more northern
ports by
water, and will thus largely benefit the Philadelphia Wilmington & Bal¬
timore Railroad, as well as your ether lines.
The Northern Central Railway Company has been especially prosper
ous during the year, and is now in such condition as to give good
assort
ance of a
continuance of direct profits to your Company as its largos
shareholder, as well as indirect advantages to your general system.
The pooling arrangements between the trunk lines, while, to a certain
extent, protecting your revenues on through traffic, have not yielded the
full benefit that was anticipated when they were made. The construc¬
tion of new tlnough routes has been carried to an extent far in advance
of tlie actual necessities of the country, and t he result lias been that the
lines lia\ ing inferior facilities have been unable to attract business except
at unreimiuerative rates, while
tho undue volume of business thus ob¬
indicated in the last report in reference to the tained by such lines lias been used as the basis for securing an unfair
construction and promotion of branch lines has been continued, aud proportion of the pooled traffiv. While your Board are fully convinced
of the advantages to both the public and the transportation companies of
much the larger portion 6f the capital outlay was for this purpose.
Nearly $1,300,000 was expended in extending branch and auxiliary a proper pooling system, in the maintenance of fair and equitable rates,
lines that were in operation at the beginning of the year, and $1,770,000 and in preventing discriminations between shippers, they are also satistied that the requisite stability cannot be attained until more efficacious
upon lines not yet opened for traffic. The results obtained from such
Investments in increasing the revenues of your properties will bo appar¬ means are provided to enforce the agreements made between the com¬
ent upon an examination of the sources and character of your traffic.
peting lines ; and unless this is done it is doubtful whether the interests
Among the more important branch lines in operation at the beginning of your Company will l>e promoted by a further continuance of tho im¬
of the year that shared in this expenditure were the Tyrone & Clearfield perfect arrangement's that now exist.
Sineo your la>t annual meeting vour Company has lost the services o
Railway, your largest bituminous coal-feeder, the Southwest Pennsyl¬
vania Railway, from which your coke shipments are mainly derived,
Mr. Strickland Kneass, an eminent civil engineer, who filled the position
and the Pittsburg Virginia A Charleston Railway. The latter road is of assistant to the President, whose death occurred on the 14tli of
now developing a traffic that enables that company not only to take care
January last. Mr. Kneass had been connected with the original con¬
of its fixed liabilities, but gives fair prospects of reasonable dividends to struction of your main line, and had for many years occupied various
its shareholders.
positions of trust connected with your Company. The Directors, while
On the Western Pennsylvania Railroad there were expended $523,000 bearing testimony to the zeal and ability with which all of his duties
in reducing the grades aud extending lliel iue to Bolivar. This work has
were discharged, desire to express their appreciation of his long and
§o far progressed as to make further outlay um ecessary for the present,
faithful service, and their deep sense of the loss sustained by the
and it is now being brought into service as a low-grade line from Pitts¬ Company.
The General Account of tho Treasurer is hereto appended, together
burg to the western slope of the Allegheny Mountains. Tlic completion
of the West Penn. <fc Chenango Connecting Railroad, extending from the with a list of the securities owned by tho Company. Your attention is
terminus of the Butler branch of this road to the Chenango A Allegheny also called to the General, Income and Profit and Loss accounts of the
Railroad, a distance of about twenty-four miles, affords a direct outlet to Philadelphia A Erie Railroad Company, the Pennsylvania Company, and
the lakes for the coal and other traffic of the Western Pennsylvania road, tho Pit tsburg Cincinnati A St. Louis Railway Company; also, the General
and also gives the section adjacent to the new line a more favorable and Profit and Loss accounts of the Allegheny Valley Railroad Company
■connection with Pittsburg. Tt is hoped that tlie construction of this lino and tlie General, Incomo and Profit and Loss accounts of the Grand
will be of advantage not only to its promoters, but to the interests of Rnpids A Indiana Railroad Company; also, the reports of tho Comp¬
the Western Pennsylvania Railroad.
troller and General Manager of the Company, which will bo published
The Ridgway A Clearfield Railroad, alluded to in the last annual re¬ with this report in pamphlet form, and will show in detail the results of
port, was opened for business at the close of the year. It will develop a the operation of your lines.
Dew bituminous coal region, and afford additional traffio to your lines.
Tlie Board renew their acknowledgments to the officers and employees
The construction of the Philadelphia Germantown A Chestnut Hill ^or the fidelity and efficiency with which they have discharged their
branch has been vigorously prosecuted, and it is expected the lire will duties during the past year.
By order of tin*. Board,
G. B. ROBERTS,
be completed by the middle of the year. The branch line extending
from Frazer, on the Main Line, to Plnenixville, was finished, thus bring¬
President.
was
Florida Railway & Navigation Company.—At Jackson¬
ville, Fla., March 1, a meeting of the stockholders of the
Florida Central & Western, Florida Transit & Peninsular, Fernandina & Jacksonville and the Leesburg & Indian River rail¬
roads, all of the above companies were consolidated under the
name of the Florida Railway & Navigation Company, with tlie
following list of directors : C. R. Cummings and F. W. Peck
of Chicago ; W. Bayard Cutting, Thomas C. Platt, L. M. Lawson, E. It. Hardman, E. N. Dickerson and H. L. Horton of
New York ; Elijah Smith, of Boston ; D. L. Yu lee and C. D.
Willard, of Washington, and J. M. Schumaker and B. S. Hen¬
ning, of Florida. Tlie system embraces 509 miles of completed
railroad, and the construction of extensions north and south
will be begun at once.
Lehigh Coal & * Navigation Company—Ncsquelioning
Yallc>\ —The Schuylkill Coal & Navigation company has
agreed to postpone for twenty years, from September 1 next,
its right to terminate the lease of the Nesquehoning Valley
road, by the payment of the par value of the stock. Lehigh
Navigation will instead pay during that period a rental which
guarantees a dividend of 5 per cent on Nesquehoning stock,
instead of 7 per cent as heretofore. Stock must be presented
before May 1, and stamped, in order to secure the benefit of the
extension.
Boston &
Albany.—The statement of the earnings, See,., for
to the New York State
the quarter ending Dec. 31, 1883, made
Railroad Commissioners, is as follows ;
Gross earnings
Operating expenses,
excluding all taxes (88*8 per cent.)
Net earnings from
operation
..$2,142,151
1,903,217
$238,934
Richmond & Alleghany.—'The first mortgage bondholders
| of the Richmond & Alleghany Railroad have prepared a docuj ment protesting against the plan of reorganization proposed by
the officers, which requires absolute surrender of half the
coupons for four years, aggregating $700,000. The new plan
represents that the property is worth more than the first mort¬
gage bonds.
The bondholders propose that the company pay
one-half the coupons, fund the other half, and that scrip be issued
for the coupons so funded at the rate of $110 for each $1,000
bond—scrip to carry 5 per cent interest. Principal and interest
are to be payable prior to any payment of dividends on pre¬
ferred or common stock.
The old plan they claim is in the
interest of second mortgage bondholders, who would receive
preferred stock for their bonds, and after the first mortgage
bondholders had surrendered their coupons for several years
without any equivalent, the holders of preferred stock might
be drawing dividends.
*
THE
802
CHRONICLE.
[VOL. XXXVIU.
COTTON.
\ * Friday, P. M., March 7, 1384. !
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
COMMERCIAL EPITOME.
this evening (March 7) the total receipts have reached 63,7^
Fieday Night, March 7, 1884.
The weather has continued quite wintry, even in southern bales, against 76,487 bales last week, 65,013 bales the previous
latitudes, throughout the week, but moderating somewhat week and 105,921 bales three weeks since; making the total
towards its close. The effect upon business has been most receipts since the 1st of September, 1883, 4,422,324 bales, against
■unfavorable, and even in speculative staples the dealings have 5,026,540 bales for the same period of 1882-83, showing A
greatly diminished.
Financial bills before Congress have decrease since September 1, 1883, of 604,216 bales.
uneasiness.
The committee of the lower house
caused much
Mon.
Tues.
Thurs.
Fri.
Sat.
Wed.
Total
Receipts at—
has completed the new tariff bill by greatly reducing the free
562
209
595
3,636
2,259
2,108
9,3&
list, and it will be reported at once for consideration, reports Galveston
24
Indlanola, Ac.
24
say with little piospect of its passage.
The following is a statement of the stocks of leading articles New Orleans...
3,022
1.470
1,479 4,531 21,164
0,738
6,321
721
410
of domestic and foreign merchandise at dates given :
007
424
053
180
Mobile
3,004
ghe (Commercial jinxes.
‘
'
....
....
....
....
....
....
....
....
093
710
65G
216
....
....
•
188 4
March 1.
1883. ;
March 3.
1884.
Feb. 1.
.
-
Florida
......
035
3avannah
Brunsw’k, Ac.
bbls.
Pork
Beef
Lard
Tobacco, domestic.
hhds.
bales.
.
Tobacco, foreign
bags.
bags.
Coffee, Rio
Coffee, other
Coffee, Java, Ac
mats.
Sugar
Smrar
boxes.
Sugar
hluls.
hhds.
bbls.
Mel ado
Molasses, foreign..
Molasses, domestic..
Hides
..
Spirits turpentine
bbls
bbls.
bbls.
Tar
Linseed
Halt pet re
Jute butts
Manila liemi)
bags.
.bbls. and tcs.
bags.
Sisal liemp
The
383
f 4.1S2
bags.
01,891
200,874
40,SCO
28,583
27,000
None.
CO 1,712
237
407
lard speculation lias
25,845
00,472
17,702
125,000
GO, 091
20,318
19,470
-None.
5.459
573,397
511,350
1,321
9,9-10
1.000
None.
12,109
41,700
10,750
10,000
18.033
18.900
None.
-
38,680
4,412
23,358
3,34 0
1,567
7,750
1,950
3,000
11.700
much
29,939
1,100
2,900
83,300
328,119
3,5( 0
been
60,984
202,959
23 4
47,000
bales.
bales.
40,10 t
1 0,5 11
12,646
3 15,258
...
Rice, E. T
Rice, domestic
295
26,939
12,467
29.900
Cotton
Rosin
29,951
1,709
11,490
17,987
\
Pfc. Royal, &e.
Wilmington
....
Moreh’dC.,Ac
Wesjt Point, Ac
New York
Baltimore
Philadelp’a, Ac.
Totals this week
-
at
22@23c.
.
April, I0*80t*. for May and June, 10‘8oc. for July and August
September and October; mild grades have been
steady, with liberal sales of Maracaibo and African descrip¬
tions.
Tea was steady until tc-day when prices declined; the
sales to-day were 480,000 lbs. at SO^'e. for March, 31@31££c.
for April and 32;5.±(ff33!.£c. for May.
Foreign fruits have been
and 10‘90c. for
147
m
....
....
....
574
574
....
81
....
105
105
1,041
•1,287
0,813
4,287
ICO
209
504
37
910-
391
701
1,935
1,310
1,454
6,127
....
....
2,287
42
4
1,270
2,’. 55
2.2S7
3,526
8 443
7.494
18,193
63.720-
.
.
4
11,600
.
.
....
.
showing the week’s
This
|
Week.
9,3 GO
Calveston
24
Innianola.Ac.
1882-83. This
Since
Sep.
1, 1883.
551,550
Sep.
1, 1SS2.
19.718
691.393
89
15,522
48,696
77,714
39,979
57,513
9,419
515,870
Pt. Royal, Ac.
147
13,026
570
2l,15h
Wilmington....
M’hoa.d C., Ac
058
88,038
1.C32
1 IS,425
105
12,112
....
C29
17,806
Norfolk
5,813
541,133
18,326
West Point,Ac
New York
4 2 37
209.683
0,441
2,532
5,230
2,115
193,999
Plii!adelp’a,Ae.
910
92, t57
130 250
1,887
3.52C
19,652
18,243
2,860
.
5,508
GS2.70C
0.127
37,163
722,-158
..
-
2-7.K5D
9,524
309.937
Baltimore
323 023 326129
1,775
3.129
Charleston
74,856
14,415
GO
4,772
31 3 44
1883.
137
■
36,333
027,592
7,03 i
Brunsw’k, Ac
18c4
40,-158 1,337,001
291,856
5,146
21,161 1,119,394
237,325
3,001
433
Week.
CO 7o Ci
Slock.
|
Since
112,239
'
.
....
G,098
......
28,2 IS
625
14,711
......
69,771
......
344,440 199,196
7. 410
5,135
36,37.
17.293
CO,509
1 4,4 U
28.010
8,551
Rice has been in
(>•(,720 4.422,324 124,826 5,020,54i
Total
895,112 899,409
comparison may be inide with other years, we
give below the totals at leading norts for six seasons.
Ia order that
Receipts at—
1881.
1882.
1883.
1881.
3,830
10 780
4,503
28,089
2,031
8.003
15,432
5,311
7,048
10,801
2,932
Galvest’n.Ac.
9,393
19,807
4.041
17,733
New Orleans.
24 164
14,307
50.053
Mobile
3,001
4n, 458
5,146
Savannah....
4.772
9,524
Charl’et’n, Ac
3,570
9.989
•
'
1830.
1379..,
5,933
31,950
4,325
5,333
4,614
1.7P0
lO.Glf)
Cuba molasses has declined; 50692
703
1,749
1,930
2,261
Yilm’gt’n. Ac
degrees test refining lias sold freely at 23)£c.; New Oreans has
2
8,473
4,767
17,564
10,100
Ac..
11,239
been steady at o5(J5Go.
Raw sugar lias been moderately Norfolk,
3 2,874
7.327
All others....
11,732
10,361
15,121
12,918
active at easier prices; fair refining is quoted at 5fac.; refined
has been firmer; crushed 7 7aC<(8c.; powdered
Tot. this w’k. 1
0|
:j> G
1 §1 124.826 58,747 110,120 64 3G3 78,450
Kentucky tobacco has been very quiet, but no changes in
Since Sent. 1 .1422,324 5020.540 4117.235 4310,21: 4144 039 3998,320
prices have taken place; sales, 8G hhds. for export; 250 hlids,
Galveston luehides iudiaioia; Cuarlesum moiuUos Port neyul,
were sold on ‘Change; lugs, 7],£@8c.;
leaf, 81.R&llc. There Wilmingtonincludes
MoreheadOity, Ac.; Norfolk includes City Point, Ac.
been
sales
of
leaf,
and
have
moderate
seed
all prices rule
The exports for the week ending this evening reach a total
steady; sales for the week embrace 1,17G cases, including 500
of 103,852 bal-is, of which 01,721 were t) Great B Rain, 1.533 to
cases crop 1881, Penn , 5(«10c.; 252 cases crop 1882, Penn.,
France and 42,629 to the rest of the Continent, while the stocks
I0(t§18o.; 100 cases crop 1880, Penn., 12c.; 224 cases crop 1882,
State Havana seed private terms, 100 cases crop 1883,Wisconsin as made up this evening are now 895,112 bales. Belo* are the
Havana seed wrappers, 18c#< 25c.; 100 cases crop 1882, Ohio. 9C) exports for the week and since September 1, IS S3.
From Sept. 1.18S3. to Meh. 7. 1Week Ending Mxrc'i 7.
12c., and 100 cases crop sundries, 4(g 18c.; also GOO bales Havana
Export*.1 to—
Exported
to—
80c.(a $1 15, and 250 bales Sumatra. $1 25(5 $1 50.
Export*
In naval stores the business has been very moderate until
Great I
Conti¬ Total
Great j
j Conti- 1
from—
Brit'n.'Fr™" nent* Week. Britain.] Fran'-i\ nenc. | Tota.
to-day, when 5,000 bbls. good strained rosins were sold at
$1 50; the tone is firm, owing to the light stocks.
Spirits tur¬ Galveston..... e,0f»5j
227/38! 34.213
7*5,8,9 338.9SO
8/20 15.(521
211,330! ,123 9 5
pentine is steady at 3G(536}.>'c. Refined petroleum lias been Sew Orloaus.. 21.40
3.933 18/511 41 03 5 00 5.34 1;277.332
49.292
200
variable in sympa’by with ci.ude certificates; yesterday Sh.'c. Mobile
4J.032
2 13)
2,130
3.704
3.774
for 70 Abel test were the figures, and to-day 8|2'c., with better Florida
149,259 13,43(5
103,183 S3 5,87 8
7.517
?tC47
sales. Crude oil certificates were more active at a higher Savannah
240,399
111,951
105,452 22/.i9e
3,171 1387tf
plane. There have been several small failures, and this en¬ Charleston *... 10,705'
46,742
3.829
42.913
Wilrulnaton..
hanced the depression until to-day, when, after opening at
234.837
20.5S8
244.219
Sorfoikt
OS/yC., there were sales at $1 01 h2, closing at $1 00!4. The Sew York
7S.038 382,439
8,235!
56G
1,2.5 10 020 27.5,719 27,(582
business in metals, hops, oi’s and wool has been limited, and
74.845
100
74,745
Sooton
4.010
4.04(5
130,151
4
nothing of interest can be mentioned.
5,008
85,245
1,803
3 dtimore
2.207|
3,423
5..V)0
The:e has been but a moderate business in ocean freight63.597
3.3 >0
60 29:
5,337 j
5 35
room either in berth or charter room.
Rates have been irregu¬
Totil
"oT.72l i 4,502 42 029 103.S52 1,927,856 377,517 747,35! "052,759
lar and inclined to easiness. To-day grain to Liverpool, by
3T*3 03 *
972,422
Total ISsy.ST 0 >,470!
4 825!. 53.8 I4!12S.19S 2.095 0’5!325.57steam, was quoted at l^'d.; flour, 7s. 6d.; bacon, 12s. Gd.(515s.;
cheese. 17s. Gd. (2:20s.; cotton, 1yd.: grain to London, by steam,
nelwOn* exports from Port Royal, Ac.
Includes exports from West Point. Ac.
3)2d.; do. to Glasgow, by steam, 3d.
lair demand and
.
147
..
and, to a great extent, nominal at
12*£e. for fair; options have been more active but at a decline,
closing barely steady to-day at 10*70c. for March,* 10*75c. for
Spices have been dull.
....
1,518
1883-84
March 7.
Rio coffee has been dull
quiet and weak.
....
11.810! 11.144
20,' 01
April, 9‘70c. for May, 9 74c. for June and 9 78c. for July.
Spot lard quoted at 9 ooc. for prime city and 9-!jp(pj9 GOc. for
prime Western ; refined for the Continent nominal at 9 8oc.
Fork has been dull and drooping at 817 75 for mess and $20 25
for clear. Bacon dull at 9;7£o. for long clear. Cutmeats quiet,
and prices are barely sustained.
Beef and beef hams have
been dull and unchanged.
Tallow is tinner, and closes more
active at 7J2c</7 7-lGc. Stearine sold at 10c. for prime city.
Butter is unsettled as between old and new; creameries,. 28(a)
38c.; Western factory, 11(518c. Cheese firm but quiet at 11@
:15c. for State factory. Eggs have been firmer, but close easier
....
....
45
New Orleans...
the Western markets,
decline in
prices has taken place. To-day, however, a Mobile
demand to cover contracts caused some re-action and .Florida
9‘58c. for March, t)*G2c. for Savannah
the close was steadier at
pathy with
....
60
3,12D
receipts, the total since Sept. 1,1S83, and the stock to-night,
and the same items for the corresponding periods of last year.
52,300
symdepressed
and
an
important
....
1,233
GO
COO
109
109
97
For comnarison, we give the following table
Receipts to
18,029
....
3&
4,772
>
total
12.300
in
....
141
....
213.000
j
....
115
190
Boston
3,141
3,000
183,433
37,925
4,523
1,409
25,150
2,300
'47,500
....
353
865
38
46
....
....
....
Norfolk
1,216
000
...
905
Charleston
....
1,055
steady.
....
...
*
r
303
CHRONICLE.
THE
1S84.
BfAiiCii 8,
market, the prices of pales for each month each dr-©, a d
to above exports, our telegrams to-night also give daily
the elo«.iuor hid*, in addition to th* dailv and ♦ otal Male*.
ns the following amounts of cotton on shipboard, not cleared,
GC
at the ports named.
We add similar figures for New York, P
r* h-ODO
O
P
I
►r-i p o.
arjgf
s°
© iO-P*
whieh are prepared for our special use by Messrs. Carey, Yale
o3.S2.g3
5
ft
ft
(5
i
ft
gsc © ® p
£ at
2
p-® ® c- tr-ft x ©
& Lambert, 89 Broad Street.
B'»® p
2
5‘ o S. -OB'*.
Iii addition
ft
3
®
ft
1
X
OD ^ ®
x ft
-
X
—
X ft Q>
ft
CS R
x *
ft-
**
On
Foreign
Coast¬
wise.
24,785
13.148
12.989
326
4.300
2.400
None.
None.
400
1,300
3.400
15,424
8,370
1,900
4,000
11.000
2.130
890
700
4,3-8
None.
450
800
5GG
None.
None.
31,769
8,170
Great
Britain.
France.
i
Udw Orleans..
Mobile
Gatm*6*011
Savannah
Galveston
Norfolk
3,000
None.
None.
300
None.
04,679
15,348
3.000
New York
■Other ports
Other
*=
ft
Leaving
^Tarcii 7, at—
Stock.
Total.
tQ
Total 1883
Y
*a
271,775
22,850
21,942
8,936
32,689
31,696
12,402
19,312
3,750
340.690
3,SCO
43,732
119,966
775,140
r-*
X?
*
q:
H
51,243
6,000
7,290
17,000
'-0*
-
pip’
g S'
®
|
p •
a ft
ft ©
X
CO
e
^ O ^
,
•
p rt*
:
•
1—
•
:
^:
•
•
^
.
c*
•
.....
73,831
.11,923
05,977
8.37S
70,237
9.937
38.346
5,fO>
o>
h
^-3
F“r-1ci's
H*
*s
o
C
C
tO
c=-°'
O’ ft
ft
i— C
r
res'
iuc
©
*2
if-
c
c.
If-S
o
o
c
CO
Sat.
Ordluy.#£-
Mou Tuo»
889
83*
Good Mid.. 11*8
•atr.G’dMiii 11 *%
Midd’g Fail
Fair..*.
*1*4
12*0
9“
MonTuet
87*
87e
850
Strict Ord..
9i,«
01U5
OhQ
Good Ord..
97*
97e
978
fltr.G’d Ord 10 q
ioq
10*4
Low Midd’g lOki
10Lj
10*0
Btr.L’w Mid iouie 10iii6 ionu
Middling... 1078
Sat.
j i—o
^
9?
<
®
a. go
ft
3l
*1
cr,
0
10%
1034
Ills
H]8
11^
ll\
12‘a
11*8
11*%
ir-U
113*
c
M-W
ic
7*
f ■*.
M*.
C
c
A.
cc
%
CO
nr oc
ft
Ot, nr.
Cl 35
^
r?. --
ci
-.1 to.
ioa»
10^
12
12
1 2 Jo
1234
12
to I
CO
—
cci
Wed
11%
113*
11%
n%
115*
115*
115*
1 1
12
12 34
1 i>
Tb.
12
34
123.1.
I 69
«
£
c
O I wj
I
o
c
o°
C
FrJ.
Wed
Til.
r
©
j >_i
M-*
I
L
Good Ord..
85*
85*
!»1.)
9lm
91,6
9’8
0 7rf
97*
3**
87*
f'5l*
101*
8%
S7*
10% -.101*
10%
S7*
8%
95io
0%6
10%
—
O
O
rf>
0
0
TOT
OOO
©I
O.Ci
n-
I
1
-
.
ft •
® •
•
©
S’ “2.
-
7Z >->V-
ft
•
o
’■*
C X
COoO
>■
o
<
ft
tc to
I
© ti:
*—
hmL**
O o *c
I 60*0
COcC
ft
i
coo^6>
OI
(t*
l-l—
^
ft
CO
CiCiw-^
I & w
©J
ft
^
©
^
j
-
t-t-o
-1
£>.
1-
M
>
f-i
rr
^
i tfw:
■
t-
w
10
10 Ci
—
O’ C»
>
ft
ft
r- f-*
{>
^
M
—
•—S'—
O
►
>
1—
►s
J
1
1—
c
c cr Q O
mhC
•OO
*—
c ©
-1 -1
1
9
1
c
Ci
•
M
*-*
dr.
©
c.
00
ft
10
J
1
0©
9
©
t>
ft
fZ
ft
:
O
1
C Ci
©
cr.
-j
*
w
-*
T—
1
C©
0
6 •
© Ci
6
C_I
1 &
t— t—i
c
1
1
:
M
w—i
ft
9
-1
;
k
-1
<
ft
ft
•->
FDlClifcS.
ICO
50 •)
110 1,090
242,
494'
VJi]
144!
•
1
1,2,0
Sates.
3 1 9 501
20,505
342! 4 4.300
5 i 91 31,900!
1921 31,000
25|
....
500
i
1,312 1.721'
_____
601
lU.)|
....!
Total, i
GUI 40,000
Prices
ing comprehensive table.
Futures
i on
poo
1,500
300
1,100
400
500‘ 3,533 2;;5 200' 4.200
The daily deliveries privon above are actually delivered
previous to that on which they are reported.
of
Deter
tries
are
shown
the day
by the follow¬
In the statement wili bo
it
end the
O
^
o
--1
71
1— 1—
>
ft
>
ft
•
1
tU
9
;
ft
00
ft
Ci
‘
to
Ci
'
ft
Ci
•-3
0
ft
10 03
10
•
I
,
'
1—
9
01:
cr.
•
1
1
c.1
1
0
.
c.
O
Cb
C.Ci
—
6
1
6 1
©
1
;
•
*?. '
*
I
Cl
%
0 i
►-a
►>
9
O
ft
Ci •
ft
C3
ft
'1
m
1
I
!
.*
Cl
1
1
Ci
V.s
I
1 1
%
:
i>
•
1
1
ft
s:
b
rt
r*
0)
©
>i
is;:
I
Ci
ft
1
*
*
o
OC
>
►1
0
|
•
.
O
ft
ft-ft
:
fj;
1—
6
|-
TO
rt
B
-ft
H-
9 |
-1
1
c.
w
1
ft
—
i «
1
r-
9
•
J
•
ft-*
ft
ft
o'
tq
ft
•
:
1—•
1
:
0
>-CO--
9
ft
g
ft
w
a-
*
ft
-i1
1 e>
1
fe«i
?>3
Cn
CCo ©
*■7 - 7 © -7
:
CO
rb
r
91
►-*
1
-11 :
w
O' O*
p
0
0
1
b
MJ
hh|jm
fja S
1
1
1
MM*
,
Qq
>—*
-0 —
ft
s:
| Con- I Spec-', 2rcm-j
port.' sump.'ul’t’n| sit. I
J
•
,
1
:!
i
i
•
1
J
K-*
2
S: :
M
7* |
—
-»I 1
•
I e: :
9*4
SALES OF SPOT AN1> TRANSIT.
.
jt- ^
XX
tU
ft
0
—.
ft
c
i:
I I
M-
“*
>
r
1
1
C:>
•O
M
k
1 s
:
»c
rr-o-
.
•
1—
—®
ft
1 ©:
•
—.
t 0 C71
H
1
J
rr
i>
9
9
•
1
&. '■
tfM
<1
ii-©
ft
>-i
ft
,
<;
ft*
c:
s
rr
ft
ft
r-*
—
h-4
:
6
6
M-CO
•"•
h-*
-
1—
ti-
1 ftl
to
c 0
t-
1— 0
1
►
M-
ft
:
b
,
-
C C
1
c» ^
»1 "D
C5
ft
.
h
M-4
c —
‘
M-*
►1
i4-
•
—
1
>
1
6 6 © co
c
ft
‘
00
r
>«-
c7*
^
10 10
1
66©
ft
10
-1
t—
>•
ft
9
—4
©
|
8
%
*— *—
^•1—
-»
10
1 ©*vl
ft
^r
rr
:
1 6:
C'l
tS
| 5) 10:
ftl 1-
<1
1:
* 1
►—
<
ft
©
c.'
—*
*
rr
co 6
>
•
r
-i
©
.
0
l»:
1
»-»►*■©
©
IT 0
1 &
-4
©
fjo *-
<
-1
»—
►—
•
.
9
*
H-*
9
•
1
©
ft
:
Q::
1—
J
c.
TO
ft!
r
C
cow
W CO
mh‘_,m
—*
to
v-
CO
<1
<-
1
1— ►— c
f*5
1 $rc:
91
©
r-
ft
<
®
10
>
r—*
1
1—
>
1 S
1
Ci—
►0— 4—
10 —
TO
C Ml
ft*
•
rr
ft
r
00
t— 1—
ft
ft
1
—4
^
ft
.i
t- »U
1 6^:
*
r-»
I—
rr* >—
71
ft
c >-
t—
66©
6©6
10
c 0
'
—
©
MMO —
rfi.
6©o
! <?>*-:
M'mijM
I
O —
M-
^
—
>—
66© 6
rr
J
:
ft
1 ft'' i-o:
M* Mf—
cz
to A.
J. 0
•
to
1 ©
m
1
2
i>-
770“*
66© 6
t—
<
O
!—
M-
M*
*io
<—
B
w:
CO Ci
ft
*
OiCi
I
B
-i
ft
ft
to 10
t o to
C W
10 to
M- 1— •U
►- H*
0
7*7*
ft
ft
OO
co
ft
ft
ft
tt>
©to
►-
ft
c
p-
cc ci
to W
1
c
*7
r—
<5i
i: to
•c 00
*
!—
I s»:
M- r-*6 “*
H O
7
^
0 •
X
io
to to
ft
iO
MH?t
(••• Cl
i_i
<
ft
ft
6
o ►
te.
^.-T1
M M-* o
^ ►
^
7* 0
7*
o
5>
tc to
to to
•-4 k-*
t—■
f— ►-
1
I—
I
I
I
I ^cd:
—
to c
CO
1
^
ti- lU
6 ti © 6
h*
M
1 «
M- —
10**
Ez-
.
^
11:
The total sales and future deliveries each day during the
week are indicated in the following statement.
For tbe con¬
venience of the reader we also add a column which shows at a
glance how the market closed on same days.
.
o
t~
co
1—
0
MARKET AND SALES.
.
t—<
CO
t— M-
$ lb
■fcat.. Steady
Mon Quiet
.tt...
Tries quiet
Ved Quiet and steady
vburs Quiet and steady
rpi. ,Q:iiet and steady
<
*—
MH
—
^:
Middling
>
I e o:
i ^
i
-;0
MOO
9 |
c. '
^ O'
©
10 to
CO 0
M-i-C M
& 6 ©
MJ
*
a*
t—*
•7^7
»ftt
CO O
*-
ft
1
M* t— r~
%
c^o
6 60 6
r-
4§h
ro
cc
^
s o'
c* o —1
«—>
<
>
1
i
I
t— —
?>
CO
1
I
i eDoo:
5} -*
C Cc
?
©
i on
-
nr
rr
1—
1
^
►36 06
X
to
ft. Ci
0
1
CD
^
6o
®
rr Ci
<
>—
Zi
0
o
-IN)
V-
ft.
rr
*
hOI
O i—'
Cl
o
a~ .t
<
g tA
~
CO
-i
cf 6
4
?C5
o
tA
i e-:
I 6 a:
99
cc o:
<3
**
0
1
I
I
►-*
<r o
ft.
**
^
COcO
l- —
9°
o»
I
c tt*.
99
ft
ft
ft
-J
(►
r r
*0*
^1 >—•
9 1
011
-1
li- to
v-
>
--
ft
>-*
11 »C
X■D
-7
0
^
l <$w:
•ii-o
^
>
r-
©
|
>-*)—•
<
cc
t— tc
►—
s-*
*—!
*-*
A.
99
c *i>
•-
tc to
-I
t— —
c
Ci
**
OC to
CO
« c
oo
t—*
c ►—*
^
CD
1
0
1
99
ft
&!<*:«
>
'<
ft
c6cqo
>
-4
ft
<r~:a
s» *- 3
rfg?
txl O
W
cc to
a
S'5!1
a
©
I
9c9
ft
a
.
ft •
©•
©h*c.->2
<1
ft
p:
os
Cl
CO
ncx)
<
b-0
©S'.
6
r
t©lO©
3 §) ©3
o
*
<
®
Ci
m
:
1
•
o5«
pc®
CO
!
c.
•
a oc
1I
1
:
H-* M
ft
Low Middling
O
c c
<
STAINED.
and
P *
1
:
-- c:
•
p •
=*
.
r©o
ȣ*.
M
Fair...,12%
Tas Salr3
ft ►“* •£
"
I
Mid(i*g Fair! 11 h
Total
®-5‘
ft
k—‘
0
CLOSED.
^
xx
i
C t—
;
w
c.
SPOT MARKET
•
I “ft
C
©coft
l—> w-»
I |2» C g
►-»
! 0
'Strict (-rood Ordinary
P •
a
«
,
CO
PI
cf-
Pj
.
—
t
’
(X)
c
T'T*
’■£ •—
,
CO
fitr.GW Ord'10‘4
Low Midd.%1 KHa
.Good Ordinary
•
ft
•
Y
P
•
•
©
*
J
•
9
©
I e)?1:
X
10%
Good Mid..j 11 %
•Sir. G\i Mid ; 11 •%
ft
•-
-j-b:
—
•
,
y
tr>
P c
—i
9
87*
i-,o
Middlimr... j 107*
1 e'w
r
©
'0rdln’v.^3>
Strict Ord..
r-
►“X
.ft
66
6
tflT*
O |
5*
Fri.
© •
CD
i-r
to
©
11%
1234
i ^i
t-i
>—*
C C
cx oo
^1OO
urc
-j-j
M
0l5lfi
11%
12
12
34
11%
1
11%
XP
,
oc
I
i
H*
rr
9&t6
10%
10%
1
»-* f*
OoiiCob
O (jd
t—1 >—*
*—
eA
10%
10%
n
r
_
ooo
a. oo
oi ©>
MM
8 7a
SJ8
! ^1
; P ;
: 1
I SM*
h* »-*
Ci
<1
9° 16
10%
10%
10 34
1034
11%
113*
115*
115*
Fri.
8_7*
9jig
1015ltJ I015lt l°1Rie, I0ir,io 101&!,
1078
Til.
10%
10%
10%
101*
lOh,
1034
10 '*
Wed
87*
93; ft
9°i«
H
^
i
*
I
@ ® o:
io I om
O I
o
O
O
►0
Moil. Tc
Sat.
-r*
K* -*
XX
oo
I •-
Cl
TEXAS.
NEW ORLEANS.
UPLANDS.
X
•
•
•
•
•
,
»-> t—
The total sales for forward
March 1 to
March 7.
•
."c 0
£*
CO
<
middling uplands.
delivery for the week are 233,200
hales. For immediate delivery the total sales foot up this week
3,533 bales, including — for export, 1,312 for consumpti on
1,721 for speculation and 500 in transit. Of the above, 25 bales
w$re to arrive.
The following are the official quotations for
each day of the pa3t week.
E1?*
•
of
for
®
w
OCqC
c
show some
special importance in foreign or Southern advices except
that the movement of the crop, both at the ports and the
interior towns, was somewhat in excess of estimates. The4
receding of the floods in the Ohio Valley has permitted a
resumption of the overland movement by rail, which lias parti¬
ally made good a marked falling off in receipts at New Orleans,
To-day the opening was weak, but there was rather more
activity at a slight decline, closing as compared with last Fri¬
day 8@tl points lower for this crop and 4(*e6 points lower for
the next.
Cotton on the spot has been very dull and prices
nominally without change, yet not without some increase
among holders anxious to reduce the large stocks accumu¬
lated here. To-day the close was quiet but steady at 10%c.
©
p
r— —
past week has been one of great
decline. There was very little demand at any time
and such little * 'spurts'* towards better figures as were made
on Tuesday and Thursday mornings were eagerly embraced by
holders to reduce their burdens. There has not been anything
<j
5j 6 ft*
6©
736.247
835 026
163,162
124,025
Ci
j 1
9
™
C-'1
r*
•
s
.
o
2*
•
JC
;
© ••
i
and unusual dulness in
the speculation for future delivery at this market, and prices
The
$
00
Total 1884
Total 1882
ft
Shipboard, not cleared—for
I s':
<
11
©
&
Cr
lb;:
.
a
*
i
:
II;
to
*
Tueiiides soles in September. 1S-S3, for S*qvember, 7G.200 ; Septomber-Oetober, lor October, 338,690; SopUmber-Nov.-mbor. for Novemlter,
399.300; Septcinber-Decomber. for Decenibor. 86‘,500; Sepieiuber-
Jiinuary, for January, 2,tl7,900;
J,780,300.
September-Fcbniaiy, for February,
We have included in the abovo table,
and shall continue each
week to iflve, the average price of futures each day for
will be found under each day following t he
each month.
It
.abbreviation “ Aver.” The
average for each mouth for the week is also given at bottom of table.
Transferable Orders—Saturday, 10 95 v; Monday. 10 90c.: Tuesday ,
10*90c.; Wednesday. 10 90o : Tliursdav, lo-QOc.; Friday, 10 Soc.
Short Notices for March—Saturday, 10*94c.
The following exchanges have been made during the week:
•10
•05
•16
•29
33
•17
•17
to excli. 400 Juno for July.
to exeli. 200 Mar. for April.
to exeh. 500 April for May.
to exeh. 400 April for June.
pd to errh. 500 Mar. for June.
pd. to exeh. .3f 0 April for May.
pd. to exeh. 100 April for May,
pd.
pd.
pd.
pd.
200 March s. «. for regular, even.
•21 pd. to e.xcli. 500 Mar. for May.
•17 pd. to exeh. 100 Apr. for May,
•30
*12
•32
pd. to exeli 300 April for June.
pd to exeli. 100 May for June.
pil. to exeh. 500 Mar. for June,
804
CHRONICLE.
THE
The Visible Supply of Cotton to-niglit, as mads up by cable
and telegraph, is as follows. The Continental stoeks, as well as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought down
the same towns have been 33,940 bales less than the same
last year, and since September 1 the receipt's at all the
towns
are 558,241. bales less than for the same time in 1SS2-88.
w^ek
Quotations for Middling* Cotton at Other Markets.—Ia
the table below we give the closing quotations of
middling
cotton at Southern and other principal cotton markets for
to
Thursday evening. But to make the totals the complete
figures for to-night (March 7), we add the item of exports from
the United States, including in it the exports of Friday only. 1383
1884
Stock at Liverpool.bales.
Stock at Loudon
Total Great Britain et'oL
Stock at Hamburg
Stock at Bremen
8took at Amsterdam
Stock at Rotterdam
8 iook at Antwerp
Stock at
Stock at
Stock at
Stock at
„
1882,
1881.
999,000
65,000
908,000
74,030
731,000
55,000
728,000
1 ,06 4.090
3.700
1,042.000
789,000
772,300
3,200
39.200
2,200
38,900
20,000
2,100
1,000
143.000
4.400
20,000
5,300
29,400
30,900
09,400
55,000
1.000
2,700
210,000
5,000
53,000
12,000
Havre
Marseilles
Barcelona
Genoa
6fook at Trieste,.,.,..,,.,,,,,,
0,000
Total continental stocks...
424.400
1,400
884
150.000
131,000
5,000
8.700
3,080
43,500
-0,700
4,500
4,033
3,700
270,125
211.361
53,000
284,100
Week ending
JdLciycft 4
1,080
,
40.000
170,000
597,000
22,000
899,409
959.051
897,561
275,023
282,945
7,300
285.017
11,200
10*2
101o
10
10 u?
101o
1012
Mobile
Savannah....
10^
10»g
103s
10^2
103a
107la
1071Q
10516
10be
Charleston...
10Lj
lOSg
lO5t0
105jq
10%
.
Cincinnati
Louisville...,
United States exports to-day.
189.183
692,000
190,000
538,000
899,409
275,023
17,000
11,200
725,000
.
322,000
407.000
.
23,500
.
895,112
.
.
.
535,000
106,000
372,000
959,051
282,043
7,300
103a
103s
1G3s
1038
1038
11
11
11
11
105k>
1058'«)34
11
10*4
104
10 3a
1 0*8
1038
1058i? s4
10%®^
11 •
10 *4
ii
11
10i4
10^
103s
103a
1038
10 *4
10J4
ioq
103y
103a
1038
1C 3a
103a
103a
Th urs.
4
10
1 0°iQ
10%
1038
~mT
I07le
10%
10oia
10 V
-103a
1038
10%
11
10
11
Fri.
11
^4
10%
10%
10%
10%
10%
10
11
10516
10%
103a
103a
103*
RsoEiprs from the Plantations.—The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the outports are sometimes misleading, as they are made up more largely one year
than another at the expense of' the interior stocka. We reach
therefore, a safer conclusion through a comparative statement
like the following. In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the out-ports,
American—
Continental stooks
American afloat for Europe...
United Statoa stock
United States interior stocks.
...
103a
10 5g
iob6
1058S’34
..
..
Of the above,the totals of American and other descriptions
Liverpool stock
Weiincs.
Galveston....
New Orleans.
Philadelphia.
Augusta
Memphis...
3 203,695 3,285,732 3,048,021 3,011,742
are aa folio v s:
Total visible supply
QUOTATIONS FOR MIDDLING COTTON ON—
Tues.
Wilmington..
25,100
3,000
317.000
372,000
50,000
193.000
CLOSING
Hon.
N.rfolk
Boston
Baltimore
1,323,100 1,059.725 1,013,664
538,000
*
Satur.
dt. Louis
Total European stocks
1 ,488,400
In iia cotton afloat for Europe. 229,000
Amer’n cotton afloat for Eur’pe 407,000
38,000
Egypt, Brazil,&c.,aflt for E’r’pe
Stock in United States ports .. 895,112
8tock in U. 8. interior town3..
139,183
Uilted States exports to-day..
17,000
each
day of the past week.
41,300
312
(v,_. xxxvia
552,000
188,000
597,000
897,501
285,017
23,500
RECEIPT8 FROM PLANTATIONS.
Total Amorican
East Indian,Brazil, d!c.—
2,605,632 2,322,290 2,543.078
Liverpool stock
.
London stock
Continental stocks
India afloat for Europe
.
.
Egypt, Brazil, &c.,afloat..
,..
Total East India, &o
Total American
.
274 000
05,000
276,000
74,000
102,400
229.000
38,000
196,000
40,000
94,100
708,100
.
193,000
5>,000
104,125
680,100
Week
170,000
44,300
317,000
53,304
170,000
50,000
22,000
725,723
Dec. 21
“
471,604
“
.2,555,293 2,005,032 2,322,290 2,513,078
..
13...
“
23...
1
8
“
87,000 bales,
..
“
Feb.
imports into Continental ports this week have been
4
-99,990
| ’S2-’S3 | ’53-’84.1 »<jl-’c2.' ’62-’63. ’63-'84.*1j ’31-’82. ’62-’33.l’83-’8t1
1367,9671
150,3)01
110,467 419,043
360,715
92,081 133, ICO 104.533 40J.9S0 '350.719. 330.900
95,057 171,310; 112,110 31 0,019 317,523 299,751
88,779 165,80-' 111,481 380,528
282,475
72,031 146.130 103.921 372.454 326,796 263,069
60,160 134,448' 05.013 302,430 321,434 254,450
51.980 135,321 76,487 343.072 308.417 227.2C5
58.747 124.8261 68.720 315.973 304.021 i 205,477
..
1343,584;
..
15...
“
j SVk at Interior Towns. Rec'pts from Plant’nt
i200.S55 258.170 247,733 457,034 336.993 423,577
7 218,343 8-5,835 201,064
200.624 251,9 231 201,686 406.586 379,855 422,310 '210.186 294,785 200,419
152,429 221,997 140,612 453.65913-3,647 407,974
120,276
'
114,8(38 175,3321 99.245 433,050 3S0,2l8; 389,808
72,103
..
11
*
-
*61’-S3.
28...
Jan.
Total visible supply
.3,203,095 3,235,732 3,048,021 3,011 742
Price Mid. Upl., Liverpool...
578 L
0Cjiad.
evt.
C»i6rt
The
RcctipUat the Ports,
r.idina-
139,502.228,7s9j
90,259'171,933
83,988 (133,109
81,284
74,024
74,718
119,132'
84,OSo'lOS.Ord*0|
60,904
r.2331101,929 94,202
03,957 I29,312j 91.518
50.130 129,070! 51,394
figures indicate a decrease in the cotton in sight
29...
32.622 122,314; 49.809
to-night of 22,037 bales as compared with the same date of 18S3, Mch. 7
31.648 121.030; 40,93
an increase of 215,674 bales
as compared with the corres
ponding date of 1882 and an increase of 248,953 bales as com¬
The above statement shows—1. That the total receipts from the
pared with 1881.
plantations since September 1, 1883, were 4,578,645 bales; in
At the Interior Towns the movement—that is the receipts 1882-83 were 5,314,676 bales; in 1881-S2 were 4,337,733 bales.
2.—That, although the receipts at the out-ports the past week
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding were 63,720 bales, the actual movement from plantations was
period of 1882-83—is set out in detail in the following statement: only 46,032 bales, the balance being taken from the stocks at the
interior towns.
Last year the receipts from the plantations
for the same week were 121,030 bales and for 1882 they were
BT^o £52.= &rrEf£.£52
=
The above
(Total, Total,
all
new
Litle
Rock,
Houstn, Brenliam, Louisvle, Petrsbug, Raleig, Newbry,
N.
C
S.C
.
co
Total,
g
2
o»
ttB
aS.M —S-
©
if-
t?
©
to
M
o
CO
©
towns.
:
:
o: • :
*
^ ’2...
!G;tr\
B t (jd
OI
if-©
©
bx OX
wO
00
-1
CC O* *f- -J -4 © ©
O-' O*
CO O if- 03 I-1 © o
to
CO |f-. Ol —1
If-CD to CC 1— 0< Oi
© it- © it*, it- © IO © © i- © CD
O' © CO -4 © © 10 h- © © O' i- to ox if- CD O’ -1 to
o
M Z»
M
-4 C0! CD -4 to
C5
CO
M
CD
Cfi
io O on —* io i-1 -I
© — rD o; to *-•- ci)
© CO '.0 10 10 tO O
C:
OI
I
;
MIC
© co
M
M
m tr
CO
M
v*
-1 X © or. CD © CD W to it- © M CO © X if- it. -1 o*
M O' X. If* CO M CD C" © O' CC © 10 CD M -4 -4 M OI
CC to -1 to C to M -4 m © Oi O' C -4 CO X' O' if- tO
of
Cotton
in
Sight March 7—In the table below
give the receipts from plantations in another form, and
add to them the net overland movement to March 1, and
also the takings by Southern spinners to the same date, so as to
give substantially the amount of cotton now in sight.
1883-84.
oc
o
1880-81.
stocks on March 7 in
of September 1
280,394
Tot. receipts from plantat’ns 4,578,045 5,314 070 4,387,78 3
Not overland to Msrch 1
401,070; 526,550
3-53,35 x
Southern eonsumpt’n to Mch. 1
155,000
190,030; 2 JO, 0 J9
5,099,606
415,047
13 3,000
6/'41.232‘4.896.138
5,010.653
150,3 21
'A
O
^
w
j
270,548
excess
OK
CD
1881-82.
Receipts at the ports to MVh. 7. 4,422,324 5,026,510 1,1L7,235 4,810,212Interior
•q
S.03
1882-83.
—<•
ft
M
co co m c.
m t © o c -i to
Ct © © If* © C © -1 © to CD -4 —
Amount
we
§ h’
03
t3
CO
ox
CO 03 ox
ot
to
c
g.§:
r
CC
31,64S bales.
n-5
.
c4^
O*
i
:
•
O^JMtCM
if<0 to tf* to M CO l~*
>f*
CO
-
old §.-“?= ©«• 15 s
C3
©
©
s'® EL ®
cqc'-JSiS K
to
>-*
.
“
towns Tex. Tex* Ark. Kj. Va.
1
22
288,136
'
Oi
CO
00
03
o
00
co
If-
Oi M -1 -1
OO —1
co it- -j co © co co
to
m
m
M
(-‘COW-lWX©
©
K>
O
Ox
©
OI
b
© ©
M
if*
to
—1
-J
©
If*
<J
I-1
to
CO
to
l—1
©
to
M
©
cc to to M
© it- <i if- ©
©©M-i^icoto
to © o* to cn co m
CD
M
00
to CO CO CO -G
© on
to c x m
CO -4 © c. © M if*
CO
to
to to
HOHHHIOIO
MMCOCCM©MC*3X©
Wm© if-if-M O’©
to to if*
OD © CO © © © if- © -1 X © Oi © © ©
to © oo -4 to © © © © © qt © © h— © oi x x to
oc
CO
10
©
-3--*
CO©
I—1
00
c©©to©<t<iif-©bi'
© M
tOMOiOi;
to
J-1
©
03
CO CO M tc to .t* to
to © c.'i -J —1 ro ©
oo
00
CO
If- ~© ©. it-1—
CO
to
M
00
to
OI
M
©
-I© —'-‘to
o
to
-1
© CO OC
to M *4 -4
M X © © © to to io -4
© © -t © © OI © © O' © to © © ox 0D If* M to -1
to M CO © M © C3 © O' qx ©^J©OOCO-4-4M©
i~-
MM
©
oo
-4 co CO to c oo ©
©CD©-)X M~«
tO CO
m
M
i_i
j -i if* -i co to it- co o x to co if- co © to qi © ©
CO -J if- -1 — O' M -J CO © CO © © © M. © it- M ©
co
©•— ©if-r— ©OJtO|t-MK'©OXCO©©XtO©
X 03 CC M M © 03 tO © -4 *-l © M CO ^4 M O' © to
to'to b bi © bx if- b Io
»-»
(O
CD
o
00
M M to -1
M
to
©
© © >— CO © © »**
CO 00 If- -4 03 to if*
©
©
mch © m © 4xc
MX -4 tO O* Ol © ©. © -4 IO Ox ©©tOCO
OI
©*4C0*4C0©O©©Q0O©0C©©©X)-4t0
o
OI
M©
by"x©-JIO—«if-C3
©
M
M
CO
CD © m M IO
© m
M
Mb'©©© oi m
S3
2
£
•9'
to
p
CO
CO
C3
©
ccit-cc
to
©
tc
M
CO
-icjaf-Hif o
to to O* © if* OI o
to
QU
r COO. CON)
This year's
—co
Vi
to
§
rf>
X—f
^
QDW
to
u
I—
*-
if-
if- —1M
M GO
bob
—
ac
IQD-4
I
^
rt"
oc
C
IO
C^3,
■q
©
M
CO
oo
to
o
*
Cc
to
<1
CO
n*
-
03
M
If-
it- bi
c co co -j qx >f* © ©
*4
00
X
r*
b>
M
Ui
M tO
—
to
CD
-j
‘
©-©obit-co©
*-to o\ co ©-t co to
tO © m © CO O' O' ©
to
o
£
M
CO
’©
fTie
Total in sight March 7
>
to©© C©t0©0
co*-© co ©co ©©to©;
tO -4 © © O’ © if- © CO © •
CO to
cl g
M
_M_tO © if- M M to © o
-J
i—10
_M -4 CO CD 00 © if* ©
if- bi
on-QD cn © CO
©©
M M O © © C © ©© M <t to Cn © © X> 1C © M
O' M © If* Of C M © © O' OI 03 © to M OI M CO ©
J* 5
©
figures estimated.
The above totals show that the old interior stocks have de¬
creased during the week 19,153 bales and are to-night 85,840
bales less than at the same period last year. The receipts at
5.229,715
It will be seen by the above that the decrease in amount in sight
to-night, as compared with last year, is 811.517 hales, the increase a*
compared with 1331-82 is 333,5 77 bales, aud the decrease from 1830-81
is 410,933 bales.
Weather Reforts
by
Telegraph.—The weather has been
fairly favorable during the week, and preparations for the
next crop are beginning, still in some sections wet weather has
acted as a bar to plowing.
The* Mississippi River at Memphis
and the Red River at Slnvveport are still very high, but at the
latter point the water is receding rapidly.
Galveston, Texas.—We have had no rain during the week,.
It is generally needed.
The thermometer has averaged 62, the
highest being 73 and the lowest 39.
lndianola, Texas-.—There has been no rain all the week.
Farmers have plowed early and are well prepared, hut planting
is retarded by dry weather; rain is much needed. The ther¬
mometer lias averaged 62, ranging from 33 to 76.
Palestine, Texas.—We have had light showers on four
days of the week, the rainfall reaching forty hundredths of an
inch.
The ground is in good condition, and plowing and other
crop preparations are active.
The thermometer lias ranged
from 30 to 75, averaging 58.
New Orleans, Louisiana.—It has rained on two days of
the week, the rainfall reaching sixteen hundredths of an inch.
The thermometer has averaged 63.
Shreveport, Louisiana.—The weather has been generally
fair during the week, the rainfall reaching thirty-seven hun-
March 8,
THE CHRONICLE,
1884.]
dredths of an inch. Light rain to-day. The river is still very
high, but falling rapidly. The thermometer has ranged from
33 to 78.
Vicksburg, Mississippi.—The early part of the week was
3(5
New Orleans reported below high-water mark of 1871 until
Sept. 9,1874, when the zero of gauge was changed to high-water
mark of April 15 and 16,1874, which is 6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
India Cotton Movement from all Ports.—We have
re-arranged
34881
and pleasant, but during the latter portion it has been
three days, the rainfall reaching seventy-one hun¬ oar India service so as to make our reports more detailed and
dredths of an inch. * The thermometer has ranged "from 26 to at the same time more accurate. We had found it
impossible
70. Rainfall during the month of February, six inches and to keep out of our
figures, as cabled to ns for the ports other
seventy-three hundredths.
than Bombay, cargoes which proved only to be
shipments from
Meridian, Mississippi— Telegram not received.
one India port to another.
The plan now followed relieves us
'Greenville, Mississippi.—Telegram not received.
from the danger of this inaccuracy and keeps the totals correct.
Last week the rainfall reached ninety-two hundredths of an We first
give the Bombay statement for the week and year,
inch, and the thermometer averaged 56, and ranged from 28 bringing the figures down to March 6.
clear
showery on
to
BO.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
4
Columbus, Mississippi. —It has rained on three days of the
week, the rainfall reaching two inches and one hundredth.
We are having too much rain.
Little Hock, Arkansas.—Telegram not received.
Pine Bluff, Arkansas.—The early part of the week was
clear and pleasant, but during the latter portion we have had
rain on two days, the rainfall reaching two inches and fifteen
hundredths. Wind and rain storm now raging. The ther¬
mometer lias averaged 67, the highest being 68 and the lowest
18. During the month of February the rainfall readied eight
inches and seventy-two hundred! herFort Smith, Arkansas.—We have had no rain during the
week, but there have been heavy fogs. Cotton-is about played
out. The thermometer lias averaged 41., ranging from 16 to 74.
Helena, Arkansas.—It has rained on four days of the week,
and the remainder of the wed: has been cloudy. The river
came to a stand yesterday within three indies of highest water
ever known ; it has since fallen two inches.
An overflow so
early will do no harm to crops, unless wc have another rise.
Average thermometer 39, highest 64 and lowest 30.
Monticello, Arkansas. —Telegram not received.
Newport, Arkansas.—The early part of the week was clear
and pleasant, but during the latter portion we have had rain, the
rainfall reaching thirty hundredths of an inch. The weather
has been too cold; ice formed on three nights. The thermome¬
ter lias averaged 35, ranging from 20 to 50.
Memvhis, Tennessee.—We have had rain on four days of the
week, the rainfall reaching one inch and forty-two hundredths.
There was snow and sleet on Tuesday.
It is now raining
Lard. The river is eleven indies above the danger line and
stationary. Roads are in a very, bad condition. The ther¬
mometer has ranged from 21*5 to 01, averaging 38.
We had
rain and snow on twenty days during February, and the
rainfall reached nine inches and sixty-lour hundredths.
The
thermometer ranged from 18*5 to 72*7 and averaged 47*9.
Nashville, Tennessee.—It has rained on four days of the
week, the rainfall reaching two inches and lifty-three hun¬
Shipments this week.
fear
Great
! Conti-1
inch.
to 67.
Columbia, South Carolina.—Telegram not received.
following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
garch 6. 1884, and March 8. 1883.
Mch. 6, '84.
jtew Orleans
Below high-water mark
gemplng:........ ....Above low-water mark.
Nashville.
Wreveport
VlOKsbursr
Feet.
1
34
Inch.
3
.-.Above low-water mark.
32
Above low-water mark.
Above low-water mark.
20
11
3
0
45
5
Mch. 8,
3.
Feet.
2
35
12
24
Inch
4
42
11
7
11
11
Total.
nent.
Receipts.
This
Week.
,
Since
Jan A.
238,000 40,000
394.000
404,000
207.000 G 4,000
35 3,000 (il.000
IV 2.000 14.000
1882l27.000i 18,000 45,000 223,000'130.000
18811 ;5.000|24,000 20,0001
00,000:122.000
455,000
282,000
According to the foregoing, Bombay appears to show a
compared with last year in the week’s receipts of 18,000
bales, and a decrease in shipments of 10,000 bales, and the
shipments since January 1 show a decrease of 9,000 bales.
decrease
The movement at
Calcutta, Madras
and other India ports
for the last
reported week and since the 1st of January, for
has been as follows. “ Ocher ports” cover Ceylon,
two years
Tuticorin. Kurrachee and Cocouada.
j
Shipments for the icee/c.
Great
ContiBrilainnent.
i
i
Calcutta—
1884
1883
Madras—
1884
5.00 '
Shipments since January 1.
Great
Britain.
Total.
*> 000
Continent.
2,000
7.000
2,000
33,000
41,000
1,000
1,000
Total.
14,000
8,000
47,000
49,000
7,000
LOCO
800
4,800
10,000
4,C00
2,000
0,000
50,000
49,000
14.000
10,800
04,000
59,800
-
7,000
All others—
2,000
2,000
1883
Total all1884
1883......
.
‘2,000
8,000
2,000
10,000
2,000
10,000
The above totals for the week show that the movement from
the ports other than Bombay is 8,000 bales more than same
week last year. For the whole of India, therefore, the total
ship¬
ments since January 1, 18S4, and for the corresponding
periods
of the two previous years, are as follows.
EXTORTS TO EUROPE
FROM
1881.
Shipments
to
all Europe
from—
Bombay
All other ports.
Total
ALL INDIA.
1SS3.
1882.
I’ll is
week.
Since
Jan. 1.
Th is
week.
Since
Jan. 1.
45,000
10,000
288.000
04,000
55,000
2,000
297,000
so.soo
45,000
353,000
4,000
95,700
55.000
352,000
57,000
350,300
49.000
448,700
This last statement affords
a
very
total movement for the three years
Alexandria Receipts
and
have made with Messrs.
This
week.
Since
Jati. 1.
interesting comparison ot the
at all India ports.
Shipments.—Through arrangements
Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
of cotton at Alexandria, Egypt. Tho following are the receipt
and shipments for the past week and for the corresponding week
of the previous two years.
ffe
Alexandria, Egypt,
1883-34.
March 5.
Receipts (cantars*)—
.
This week
Since Sept.
,.-|j!
30,000
2,561.000
1
This
week.
Total
7,000
Europe
A cautar is 98
1882-83.
ij
16,000
2,100,000
i
This
week.
1831-82
34. COO
;!
2,083.000
Since
| This ! Since
Sept. 1.
j week. J Sept. 1.
0,000 200,000
! 4,000)216.500
j
3,000 210.000;
4,000 100,000.
To Liverpool
To Continent
*
!
Since J
Sept. 1.*
Exports (bales)—
i
1
2,000j OS.OOOj 1... 4,500 | 144.838
310,000* 8,000*274,000! 1 8,500,361,338
.
lbs.
This statement shows that the receipts for the week
March 5 were 30,000 cantars and the shipments to all
ending
Europe
7,000 bales.
Manchester Market.—Our report received from Manchester
to-night states that the market is quiet.
We give the prices
to-day below, and leave previous weeks’ prices for com¬
parison.
of
1884.
The thermometer has averaged 48, ranging from 27
The
Jan. 1.
j Conti-
Britain
,
an
since
1884 21,000 24,000 15,000 128.000 100,000
1883:10,000 30,000 55,000 103,000 104.000
highest 47 and lowest 10.
Montgomery, Alabama.—It lias been showery on two days
of the week, the rainfall reaching twelve hundredths of an
inch. The thermometer has averaged 49*5.
Selma, Alabama.—We have had warm, sultry weather
during the week, with rain on four days, but the week (doses
favorable. The rainfall reached twenty-live hundredths of an
inch. The thermometer has ranged from 30 to 69, averaging 19.
February rainfall six inches and seventy-nine hundredths.
Madison, Florida.—We have had no rain during the week.
Average thermometer 57, highest 79, lowest 33;
Macon, Georgia.—It !ms rained on three days of the week,
and is still cloudy.
The thermometer has averaged 46. the
highest, being 69 and the lowest 17.
Columbus, Georgia.—We have had no rain during the
week. Tire thermometer has ranged from 26 to 69. averag¬
ing 53.
Savannah, Georgia.—It has rained on one day and the
remainder of the week has been pleasant. The rainfall reached
nine hundredths of an inch. The thermometer has
ranged
from 26 to 74, averaging 50.
Augusta, Georgia.—The early part of the week was clear
and pleasant but we have had heavy
general rain on four days
(luring the latter portion, the rainfall reaching ninety-live
hundredths of an inch. Corn planting is progressing and
farmers have commenced preparing the land for putting in
cotton. Average thermometer 47, highest 72 and lowest 24.
Atlanta, Georgia.—It has rained on three days of the week,
the rainfall reaching one inch and forty-four hundredths. The
thermometer has averaged 37M>, the highest being 69 and the
lowest 12.
Charleston, South Carolina.—We have had rain on two
days of the week, the rainfall reaching nineteen hundredths of
.
BriVn.\ nent. |
dredths.
It has been too cold and wet; no plowing has been
done ; planters are greatly behind.
Average thermometer 31,
Mobile, Alabama.—It has been showery on one day, the
rainfall reaching one hundredth of an inch.
The thermometer
has averaged 54, the highest being 75 and the lowest 28.
.
_
Shipment«
Great
32* Cop.
Twist.
rt.
Jan. 4 3*2
“
11 8*2
“
18 8 58
“
25 8 8s
Feb. 1
“
8 8 b2
“
15 3*2
••
22 3b*
“
29 8 ^
Mcli. 7 .883
1883.
OotVn
8H lbs.
Mhl.
Shirtings.
d. 8. d.
s.
TbT
5 7
® 9
5 7
®7
a> 9
® 9is5 10 ® 7
5 10
®7
® 9
9
5 5F3®7
Tbl
"3 7
® 9
7
5
®7
® 9
5
® 9
7
y>i
0
7
Vb 7
cb 9
5 6^7
w 0
Tfplts
d.
d
1
1
32.?
1 wist.
d.
51 ° i (j
4
2
1
2 *3
2 Vo
57s
5i3io:
57a
| AA 8
2bj |
2*2 578
2 >2! 578
|
j
d. - r.
3 93e 0
S.5q ® 9 VO
8% rb 914 0
V) 9 34 0
8H lbs.
Shirtings.
d.
8.
1
®7
0
®7
0 'cb 7
1
(bl
8% cb 9-VO 0 rti
S;,4 Tb 9 5b 6 0 Jtl
S3* 'cb 9 v*15 11 Tbl
8 ^ rb 93^15 10 ® 7
882 ® 9q 15 10 Tbl
8® 9*415 10 @7
515,8 *>34
2Lj
Cop.
’
( CotV
Mid.
TJpld
d.
7
G
oil
4*a
55a
6
55g
0
51*16
5**16
d.
5il16
6
4*$
3
3
3
|
18
5«8-.
5*16
L£u
THE
03
CHRONICLE.
[Vol. xxxvni,
1
editorial
columns to-day will be found our regular statement of over¬
takings, &c.,
land movement, receipts, exports, spinners
.
Movement, &c., to
Overland
1S82-83.
1883-84.
March 1.—In our
“
11,94C
14,5 S3
8.
2 i,22?
2....
.
4,802,89814,033,5.4114,593,528
Tot.Fb.29 4,353,004
Mcli. 1
1
1880-81. ! 1S79-SO.
1831-32.
6,519
7,625*
10,303
6,913
4,215,929 3,830,564
20,473 j
.
1878-79.
16.279;
12.4651
10,547
12,171
8.
16,5051
12.432
March 1st.
19,886
19,62a
3....
11,144
8.
22,115|
10,056
19,653
U.COd
4....
New York Cotton Exchange.—A .case has recently been
8.
21,006! 13,401
26,858
7,917
8.443
5....
brought before the Arbitration Committee, and also before the
!
8.
9,829
13,435
22,876
9,800
7,491
6...
Board of Appeal which concerns the non-resident members of
8,582
15,631
28.948j
8.
16,430
18,193
7....
the Exchange in particular.
As the number of such members
Total
1,422,324 4,937,76414,687,468 4,720,040 4,290,100
is not inconsiderable, we deem the subject of sufficient import
Percentage of total
to make room for an abstract of the decision.
86*59
80*35}
85*77
82 85
88-14
portrec’pts Mch. 7.
Mr. Henry Koch, of Littledale & Co., of Liverpool, a member
Noth.—13 380 bales added to the total to February 29 as correction
of the New York Cotton Exchange, has presented a claim to of previous receipts.
participate in the proceeds of the seat of J. P. Billups, who
This statement shows that the receipts since Sept. 1 np to
failed in December, 1883. The claim arose out of sales made
to-night are now 565,440 bales Ie3S than they were to the sama
by Liddledale & Co. of cotton consigned to them, and also of day of the month in 1883 and 334,856 bales more than they were
sales of futures against that cotton by Littledale & Co. for to the same day of the month in 1882. We add to the table
account of J. P. Billups <fc Co. The claim was disputed by two the
percentages of total port receipts which had been received to
other creditors of Billups & Co.
Of five arbitrators four de¬ March 7 in each of the years named.
cided in favor of Littledale & Co., but this decision was opposed
The Exports of Cotton from New York this week show an
by the fifth arbitrator, who argued that Littledale & Co., increase, as compared with last week, the total reaching 10,026
having had sufficient cause for posting J. P. Billups & Co. as
unable to meet their obligations, and having omitted to do so, bales, against 4,33S bales last week. Below we give our usual
table showing the exports of cotton from New York and their
had thereby forfeited their claim. The Board of Appeal, to whom
direction, for each of the last four weeks ; also the total exports
the case was then referred, without considering the objection
and direction since September 1, 18S3, and in the last column
of the appellants, unanimously reversed the award, because
the total for the same period of the previous year.
the claim did not fall within the provision of Section 12 of the
Exports of Cotton (bales) from new York since Sept. 1.1953.
by-laws, ns none of the transactions out of which tlie claim
I Same
arose took place in the New York Cotton
TYeek ending—
Exchange, or under
Total
period
its rules, or in the New York cotton market.
The language of
March
since 'prcvi’us
Feb.
Feb. I Feb.
Exported to—
the 12th section of the by-laws, standing by itself, would doubt¬
0.
2
8.
14.
j Sept. I.! year
} 21.
less seem broad enough to cover the claim: but, after ([noting
that section, it was shown that it could not be considered as Liverpool
10,925 12.351 3,373 8,235i 259,371 329,306
j 17,343
3,426
standing alone: that it was but a fraction of an elaborate and Other British ports
comprehensive code of by-laws which must be considered as a
10,925 12,351 3,373
whole: that the charter of the corporation designates among
349
2101
621
5GG| 27,682; 22,2S7
the purposes for which the. Cotton Exchange was formed, the Havre
porta
Other
French
decrease of local risks attending upon the business, and gen¬
319
500; 27,tS2; 22,387
621
210
erally the promotion of the cotton trade of the citv of New Total French.
brought down to
“
44
44
44
44
*
|
t
»
4
.
York.
275
19,738 36,020
672*
resident members, are en¬ Bremen
100
61.0, 21,001; 24,789
17S5
Hamburg
50 31,800 45,979
by the by-laws, so far as Other
516
565j
321
ports.
regards transactions entered into and carried out on this mar¬
925
616
72,539 106,783
321
ket: but neither residents nor 11011-residents, if they choose to Total to North. Europe 1,415'
deal in other markets and under different rules, could enforce
loo! 3,007 2,517
Spain, OpTto, G ibr alt’r.&c*
the claims they would thus acquire by a resort to the machin¬ All other
2uo; 2,432 5,110
ery of the Exchange.
300| 5,499 7,627
.1
To extend the provision of the by-laws to transactions entered Total Spain, &c
i
into and carried out in distant parts of the world, under differ¬ Grand Total
Jl2,55Q-13,290* 4.338 10,0261382,431)1469,534
ent regulations and conditions from those existing here, even
The Following are the Gross Receipts of Cotton at New
though the parties happened to he members of the Exchange,
would be to extend the authority, jurisdiction and powers of York, Boston, Philadelphia and Baltimore for the past week,
the Exchange beyond the limits' authorized by its charter or and since September 1, 1883:
contemplated by its by-laws. The Board,of Appeal was there¬
PnrLADELPH’A, BALTIMORE.
Boston.
New York.
fore of the opinion that the claim presented by the respondent
neceipis
Tli is
Since
Since
Since ; Tnis ’
did not fall wit bin the provision of section 12 of the by-laws,
Since ; This
This
|
from—
Sept.
week.
1.
week.
Sept.
1.
week.
Sept.
and that the award of the Arbitration Committee allowing the
week.
1.
Sept. 1. j
1.
claim should therefore be reversed.
Fees to be paid by the New Orleans. 4,505: 17 4 44(5
|
Non-resident members, as well as
titled to all the protection afforded
J
...
i
t
...
<
......
......
respondent.
Jitte Butts, Bagging, Ac.—-There has been a moderate
amount of business during the week, but the
not
active.
The inquiry is still for jobbing wants
way
a fair amount of stock is being placed.
Prices arc
and sellers are steady at D'.c. for DC lbs., 10c. for
market is
but in this
unchanged,
1;l4 lbs..
10:{4e. (dr 2 lbs. and 11 Co. for standard grades. ofButts have,
2.000 bales
been in some demand for pa pel grades and sale-*
wit!) panel* grade's
are reported to arrive.
The close is quiet, wit! (ii *j
The
held at 2''.S'*'2c1 ,e. and bagging qualities-at 0:5
The
is about IT.UOd hales with 131.00!) bales afloat,
stoe
sales for 1 he' pa-t month foot up 10.000 hales at 21 i<e 2;qe.,
mostly l<» arrive.
Comparative
Port Receipts and Daily Crop
Movement.—
Texas
Savannah
.
..
171,0431.
1,177
3,057
Carolina.:
1,430
No. Carolina..
VCH;
Virginia
5,412
j
5 804
0,503
7,375
S)fl,e i3u,
21.77 7
10
1,5*48
4)3,137
3.111
This year...
17,787
4*21,707
-1,017
304,103.
l ,550
Last
43,210
933.0$ i
12.55)0
3*5,842
7,88*.*
27
Lie)
Foreign
vo ir...
10,014
70,205
20 J,
13.510
101
23,0**8
74*
70,24)1
>
12,3 8
204
120,407;
1
31,054)'
1,2 si)
si; 4
,,
«•••••
!
1,270
2,0 iG
North’n ports
50,135
1,422:
)
4,372
208,280,
Tennessee,
••••••1
11,203
50,50!)
l
»>
So.
351
143,090;
1
Mobile
1
;
2,130
j
i
12
j
17,417
)
«•••••
0l,2 !o
2,573
175,005)
1,050
0,3l>*
235,117
11
the Pnited
Shipping News.—The exports ot cotton from
States the past week, as per latest mail returns,
have reached
comparison of the port movement by weeks is not accurate 81,460 bales. So far as the Southern ports are concerned, these
the weeks in (Liferent years do not end on the same day of
are the same exports reported by telegraph, and published in
We have consequently addled to our other standing the Chronicle last Friday. With regard to New York, we
the month.
tables a daily and monthly statement, that the reader may Include the manifests of all vessels cleared up to Thursday
constantly have before him the data for seeing the exact, relative night of this week:
Total bales.
movement for the years named.
The movement each month
New York—To Liverpool, per steamers Adriatic,
1,917.'...
since September 1, i8S3, has been as follows.
Arizona, 1.24
city of Richmond, 1,311
Helvetia, 8-235
1,202
Nevada. 50
Niimiela, 2,082
Sirius, 9LG.
566
A
as
Monthly
Receipts.
Year
1882.
1383
Beginning September 1.
1881.
1880.
Sept’uib’rj 313.812} 326,056; 429,7771 458,478
October..! 1,010.092
930,584 853,195) 903,318
NovcmbT
DeceiubT
January.*
February.
Total year
l,030,330! 1,094,697
1.059,053'1,112,53G'
752,S27j 487,727
385,938) 593,59s 291,992
4,353,00
ij 1,862,893.1,033,541
1873.
333,643:
942.272,
283,843
689,261
779,237
950,404
893,004
888,492;
974,01.311,006,001
990,807 j 1,020,802
487.7*29;
1879.
571,70l| 047,140;
572,72s! 417,918)
29...!
89 73
85*45
560,82 l
1,593,528 4,215,929 3,336,501
Parc’tage of tot. port j
receipts Feb.
018,727
73 28
This statement shows that up to Feb. 29
ports this year were 562.440 bales less
84*28
80-27
the receipts at the
than iu 1S82 and
320,063 bales more than at the same time in 18S1. By adding
to the above totals to Feb. 29 the daily receipts since that time,
we shall be able to reach an exact comparison of the movement
for the different years.
•
To Havre, per.steMinsr France, 560
To Bremen, per steamer Sillier, 275
To Hamburg, per steamers Bohemia-, 411
To Antwerp, per steamer Khynland. 50
-.
Lessing, 189
To Barcelona, per steamer Burgundia. 100
To Genoa, per steamer Vincenzo Florin, 209
New
...
....
275
600
50
100
209
Catalan, 2,859 —
Viudolana, 4,150
24,189
...
Orleans—To Liverpool, per steamers
Milanese, 5,000.
Oliveto, 5,105
7,0-4
;
Barcelona., per steamer Apolo,
Yucatan,
To
4,047
4,047.,...
barks Lino, 1,574
Zelliro, 959
Mobile—To Liverpool, per bark Kentigern. 2.070
Charleston—To Liverpool, per ship.Tolm Bunyau, 4.108
per bark Heroward, 2,702 Upland
To Barcelona, per bark Goethe, 1,200 Upland
Savannah—To Liverpool, per steamer S.erpho, 4,531
and 11 1 Sea island....
2,533
To Genoa, per
2,076
Upland
Upland
Eglantine. 2,000 Upland
Ana do Sabi, 3,950 Upland
Galveston—To Liverpool, per barks Cavalier, 2,251
To Bremen, per steamer
To Baree-brnn. per steamer
adoon, 2,770
Acton, 1,13.)
Baltimore—To Liverpool, per steamer
3.383
Nessmore, 2,124
—,
4.018
2,600
3,950
Drnm-
To Bremen, per steam.:r
Newport News—To Liverpool, per
0,870
1,209
5,024
4.130
3,3832.124
MAfccn 8,
Total bales.
Rostov—To Liverpool, per steamers
Palestine,
Iowa, £,1S8
3,346
*275
1,153
Philadelphia—T<> Antwerp, per steamer Vaderlaml, ‘275
BAN Francisco—Tc Live pool, per ships Falls of Alton, 6*2
eign)
Rotomahana, 129 (foreign)
To London, per ship Illawaira, £57 (foreign)
Total
-
The particulars of
form, are as follows:
Liver¬
pool.
New Yorlr.
N. Orleans.
Mobile
Charleston.
Havre.
566
8,235
in
arranged
Anl-
bury.
875
.
xeerp.
50
our
Baree■
Iona. Genoa.
•200
100
4,017
21,183
2.076
1,20*6
-
4,648
5,0-4
4,130
Newport N.
Baltimore..
3,383
*2,124
Boston
3,3 46
usual
Total.
10,026
8,070
11,108
9,151
3,950
3,383
2,121
3,3 16
275
418
275
Philadolp’a
Ban Fran..
10L
257
Total...
60.656
237
7,605
5G6
325
0,207
81,460
2,733
The tone of the Liverpool market for spots and futures each
day of the week ending March 7, and the daiiy closing prices
of spot cotton, have been as follows.
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to the
latest dates:
Galveston—For Liverpool—March 1—Steamer Barnesmore, 3,018
■■
Market,
?
12:30p.m.
$
Steady.
Steady.
578
57a
6
6
*
2,775....March 6-Bark Pallas,
.
For Cronstadt—March 1—Bark lima, 1,050.
For Barcelona—March 1—Brig Orion. 1,612.
For Gothenburg—March 1—Bark Rhea, 1,200.
For Barcelona-March 3—Brig Camila L de Tossa,
Boston—For Liverpool—Feb. 28—Steamer Venetian,
Steamers Bavarian,
; Norseman,
.
1,000
Quiet.
Steadier.
Steady.
Firm.
\
Market,
(
5 P. M.
.
carrying cotton from United States ports, &c.:
Carn Brea, steamer (Br.), Jenkins, from Galveston for Liverpool, put
into Savannah, Feb. 26, with machinery disabled. She resumed
lier voyage on the 27rh, having repaired.
d.
d.
March
....
d.
....
i
5 53
5 52
5 53
5 52
5 53
5 53
5 54
5 53
554
5 00
5 58
'5 50
5 58
5 50
5 58
5 56
5 58
5 59
♦HO
0 03
0 00
6 0J
5C2
5 63
5 62
5 63
5 03
5 03
5 03
5 63
6 03
0 03
001
001
0 03
6 03
0 03
0 03
0 03
0 03
6 03
0 03
July-Aug... 0 C8
0 09
0 08
6 0S
0 07
6 07
0 07
0 07
0 07
0 07
0 07
0 07
0 13
6 12
0 12
6 12
.
Aug-Sopt..
8ept.-0ct...
'
....
Oct.-Nov....
....
•
•
•
•
Nov.-Dee..
.
.
..
.
Jan.-Feb....
•
•
Do
sail...
Reval, steam
Do
sail
c.
c.
Genoa, steam
c.
Trieste, steam ...c.
Antwerp, steam..c.
7
J8*
V
V
V
....
....
....
....
....
*8 *
38»
3a-
....
....
....
....
V
....
%v
....
13.!2*
1332*
...»
....
5IC*
Dii/
....
...
1332*
....
....
5l(f
5i A
....
....
....
....
....
516*
°16*
....
....
13.
1332*
....
....
1332
1332
1332 "
13.52*
....
....
....
15.’U
d. 15C1®V 13C4®V I5<4 '5>V 1564's’14*
Barcelona,steam.e.
.
....
b2 ® Pa*
1*2*
5
....
.
12'& p8v
V
IK*
....
....
....
Lj S-Pfe*
*2 a
*3*
V
Lj*
lo‘
V
r,i«*
&1«*
a
V
Lp
V
6D*
5i«*
Compressed.
Liverpool.—By cable from Liverpool, we have the following
statement of the week’s sales, stocks, &e., at that port. We
add previous weeks for comparison.
Feb. 15
Bales of the week
bales.
Of whicli exporters took ....
Of which speculators took..
Actual
expert../.
Forwarded
Total stock -Estimated
Of whicli America a—Estimki
Total import of the week
Of which American
Amount afloat...
Of which American
....
•
....
•••
....
....
....
....
....
....
....
Wednes. , Moll. 5.
j
....
0 10
0 10
....
....
....
....
•
•
.
....
....
•
•
•
Thurs., Mcli
Open High Low. C7os.t Open High
March
•
•
d.
5 53
Mar.-Apr... 5 53
|
d.
d.
....
•
i
•
•
•
5
5 53
....
551
oj
5 53
....
....
....
G.
..
•
•
i.
•
•
•
•
•
•
.
•
•
•
.
•
..
.
....
....
....
....
...
....
Fri., Midi. 7.
■
d.
.
....
....
■
....
|
d.
.
....
•
Low. Clos.,
d.
d.
j-
«...
j
6 10
....
•
•
Open High' Low. Clos.
j
.j
d.
d.
....
...
d.
.
....
5 54
5 55
|
5 54
5 51
554
<L
....
5 54
April-May..
5 5S
5 50
5 58
5 50
!
5 58
5 59
5 58
5 59 :
5 58
5 59
5 57
5 57
May-June..
June-July..
July- Aup...
5 03
5 03
5 03
5 03
|
0 02
5 63
5 02
5 63
!
5 02
5 02
5 62
5 62
0 03
0 03
0 03
0 03
0 03
0 03
0 03
0 03
0 02
C) OJ
0 02
0 02
0 07
0 G7
0 07
0 07
0 07
6 07
6 07
6 07
0 07
0 07
Auj?.-Sept..
0 11
0 11
611
0 07 ;
0 11 ;
|
00:
0 11
6 12
0 11
0 12
0 10
0 10
0 10
6 10
0 09
6 09
G 09
Sept- Oct
...
.
.
.
.
.
*
j
!
6 09
....
....
....
....
....
....
.
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
"
•
.
.
.
....
....
.
.
j
....j
....
...
...
....
j
...
*
.
.
.
....
....
....
....
j
BREADSTUFFS.
Friday. P. M., March 7. 1884.
Flour has not sold at
generally steady.
all freely, but has, nevertheless, been
The winter wheat grades have the prefer¬
and these are still in only moderate supply. Spring wheat
flour on the other hand is plentiful and, in the existing dul-
ence,
less nominal in value. Usually spring
descriptions sell at from 50 cents to a dollar a barrel
higher than winter, but now the latter on the average bring
twenty-five cents more than the former. To-day there was
only a moderate trade, but prices were about steady.
Wheat lias sold but moderately on speculation, and the ex¬
ness
of trade, is more or
wheat
*a*
™32*
•
•
and tuken into Reval harbor Feb. 20.
Asians, ship (Br.), Thomas, from New Orleans, Feb. G, with 3,725 bales
of cotton and 2,100 pieces staves for Liverpool, stranded on the
breakers off the west end of Bermuda, Feb. 283 She afterwards
came olf without assistance anl
put into Bermuda.
She is
sail...c
•
....
....
Do
•
•
....
...
....
Amst’d'm, steam.c.
0 10
....
Dec.-Jan....
nnburg, steam, c.
....
....
Jan.-Feb
c.
d
•
5 00
Queen, steamer (Br.), which wont ashore Nov. 30 last, on Islvnd of
JNanren. while on a voyage from Charleston to Reval, was got olf
sail
•
5 53
.
Do
•
5 00
.
H
d.
...
5 55
.
Fri.
d.
....
....
oo
.
.c.
d.
d.
a.
5 GO
«...
Bremen, steam,
d.
n
Nov.-Dec...
Thurs.
Open High Low. Clos.
April-May..
May-Juno
June-July..
.
c.
Tues., Mcli. 4.
Mar.-Apr...
.
c.
Dull
but un-
Mon., Meli. 3.
d.
d.
.
sail
Firm.
chanjied.
....
....
Do
Firm.
Steady.
!
....
Havre, steam
Steady.
Open High Low. Cl08. lOpen High Low. Cl08.
•.
eail...d
Firm.
!
•
Do
Firm.
but
Silt., 91 cli. 1.
•
Liverpool, etoamd.
2,000
6 3-64d.
means
•
Wednes.
2,000
l^The prices are (liven in pence and Giths, thus: 5 62 means 5 62-64<L
and 6 03
•
Tues.
10.000
otherwise stated.
•
Mon.
6
11.000
steady.
Oct.-Nov...
damaged; but the particulars had not been ascertained on the 29th.
lier cargo will have to he discharged.
JJjornst.jerna JB.joknskn, hark, before reported. Advices from Liver¬
pool, Feb. 16, say that 61 bales were landed on Feb. 25, and that
a few hales washed out by recent high tides and gales are being
collected. One hundred and nineteen halos were sent fiom Preston
to Liverpool, by sail, on the 16th.
Cotton freights the past Week have been as follows:
57s
The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
d.
Liverpool—March 3—Steamer Pennsylvania, 2,089
....March 4—Steamer British Crown, 2,800.
Below we give all news received to date of disasters to vessels
Steady.
10.000
3.030
Quiet
£
March 4—
Piiiladei.imiia —For
Salur.
6
f
Baltimore—For Liverpool—March 3—Steamer Oranmore, 2.207.
For Brem ml—Feb. 29—Steamer America, 2,339
March 6-Steamer
liohcustauli'en,
57d
6
2,000
12:30p.m.}
210.
1,391
578
6
Firmer.
Sutures.
Market,
Dec.-Ian/..
Charleston—For Liverpool—Feb. 29—Steamer Eariaf Lonsdale, 3,836
March 1--Barks James Kenway, 1,050; Ossuna, 2,355...
March 1—Bark NataiD, 3,464.
For Reval—March 1—Bark Themis, 1,761.
•r»7e
8.000
Speo.&exp.
For Cork, for orders—Feb. 23—Bark
For Reval—March 1—Barks Annie
March 5—Ship Kinburn, 3.862.
For CroiHtadt—March 1—Barks America, 2,231; Onni, 2,777.
For Barcelona—March 1—Bark Yalodora, 700....March 3—Bark
Joset'a Formosa, 2,49!.
Mobile -For Liverpool—March 3-Bark Brothers and Sisters, 2,130.
Savannah— For Reval -March 1—Barks Fylgia, 2,410; Nellie Moody,
Steady.
10.030
Friday.
■■
Steady.
8,000
3,5C0
March 3—Bark KongSverre, 1,532.
Fritz Smith, 1,545.
Torrey, 2,303; Jacob Hauers,
1,670; Otil’s, 1.811; Progress, 1,335.
For Cronstadt—March 3— Bark Lmn i, 1,501.
New Orleans-For Liverpool—Feb. 23—Steamers Espanol, 2,500;
Guillermo, 4,350
March 3—Steamer Nellie, 3,431.
For 11 ivrc—Feb. 29—Steamer Humber. 3,936.
For Reval—March 1—Ship Armida, 4,320; bark Emilia T., 2,230
Wednes. Thtirsd’y.
Tuesday.
Saturday Monday.
Spot.
ttld Upl’ds
vnd.Ori’ns
Bales
30.760
2,676
2,533
s
'Galveston..
101
257
81,160
Bremen
d} Ham-
Lon¬
don.
(for¬
*•
these shipments
2,600
Savannah.
307
THE CHRONICLE.
1884.]
Feb. 22.
52,000
2,GOO
50,000
3,300
41,500
7,401
22,o0(
898,000
(i."> 1.000
107,000
1,860
38 000
7J»G0
94,000
415,000
314.000
5,200
,
60,000
5,000
4,000
57 000
4 * 030
5,C0j
6/290
21,500
37.000
978.000
145.000
117.000
85,090
326,000
7.
75,000
6,00<
25,000
967,006
684,001
4 25,000
Mcli
Feb. 29.
5,00.0
939,000
723 ,.90C
99,000
706,000
S-),i;O0
102,000
374 ,001
97 0,004
‘
36 ?,<»00
250 >30
though showing a slight increase at times, has
comparatively unimportant aggregate. The fluctu¬
ations in prices have been within rather narrow limits but the
tendency has been downward. There lias been some decrease
in the visible supply in this country and the quantity on the way
to Europe is smaller by 1,320,000 bushels than it was a week
ago; but these considerations have had but a momentary
influence.
The dulness of the foreign trade neutralizes every
statistical advantage that can be cited, and 'the fact that
50.000 bushels were posted here yesterday as warm and
weevilly likewise acts as something of a drag on the market,
preventing at all events any material advance in prices. It
may be added that One of the chief reasons given for the slow¬
ness of the export trade here is not that the New York quota¬
tions are much, if at all, above the parity of those current
in England and on the Continent, but that the quality of much
port trade,
reached
a
purchase it with extreme
caution. To-day there was a moderate trade at a fractional
advance.
The advices in regard to the winter wheat are, as a
rule, favorable. No. 2 red closed at $1 I f in elevator, Ipl 0738
for March, $1 00;£ for April, $1 1
for May and $1 12/a' for
June, showing a decline for the week of
to lc, in options,
of the wheat is so
low that exporters
THE CHRONICLE.
308
of a
though the closing price in elevator is higher than that
week ago.
but somewhat more
latterly on speculation. Prices have declined, however,
in sympathy with the depression in wheat and lower prices at
Chicago. Tiie receipts there have increased, owing to the fact
that the condition of the country roads has been greatly im¬
proved by the cold weather of late. It is also claimed that some
of the larger holders in Ciiicago have sold out.
Yesterday the.
depression there was described as almost panicky, owing to
large sales by speculators anxious to realize. To-day there
was a moderate business here at a slight advance.
No. 2
mixed closed at G3o. delivered, GlJ^c. for March, 62c. for
April, GJe. for May and GJ^c. for June, showing a decline for
Indian
has been dull for export,
com
active
the week of
%c. to lc.
Rye and barley have sold slowly at no marked change in
prices. Oats have been quiet at slowly declining prices; No.
2 mixed closed at 40c for March, 4-:)?£g, for April, 4IJ4C. for
May and 41J^c. for June, showing a decline of
to lc. dur¬
ing the week.
The following are
Week
MeU.
1.
Feb. 23.
Feb. 10.
Feb.
9.
Rye,
bush.
263,612
1,485,611
busn.
91,757
299.657
172.017
1,477.585
1.475,357
631,027
103 373
188.633
1,585,240
551,843
157,463
31,831
52.751
27,578
32,790
99.864
’
6,027.823 2,834.957 452,457 141 950
7,174 043 2.929.010 1 13 4,270] 159,653
The receipts of hour and grain at
the seaboard ports for'the
week ended Mar. 1 follow:
Flour,
Wheal,
Corn,
Oats,
obis.
bush.
bush.
191.015
185,139
bush.
At—
New York
Boston
Portland
Montreal
56,000
81.9:37
53.455
...
.
4.200
10.875
..
16,65-3
10,229
16,211
Philadelphia...
28.509
17,853
‘
-
-
v
^
y
—
2.909
450
47,000
1 >.0)6
’
.bble.
Wheat...
bush.
3.112.103
9.007.501
3,171,615
Corn
Oats
3,433,748
38 3,573
Rye...
..
428
63,750
36,290
500
33,795
432,745 178.061
4 41,423 171,436
'
J
—
*
m
v/1 JL A. T5
the period from
follows for four
1891-82.
1683-81.
2,8 $3,001
2.114,203
2,3 45.777
9,43-5913
10.377,465
3,700,759
872,238
174,739
5.015,01 4
7,506,7 20
7,9 >7,354
11.579.932
18.82-83.
188’-84.
2,154,07 L
22,544
20.0 U
The total receipts at the same ports for
Dec. 24, 1883, to Mar. 1. JS8-4, compare a3
years:
Flour.
Iti
bush.
137,850
83 4 .(>36
276,212
Total week... 227.413
Cor week’83.. 243.798 1.107,841 3.125,108
-
Barley
293,690 109,009
93,050 28,355
183,919
88.913
170,857
28.85 L
Pa'timore
New Orleans...
Barley...
closing quotations
Barley,
bush.
822.402
829.685
913,949
1,572.325
577,000
701,070
w.
Oats,
bush.
bush.
152,660
131,641
4w’ks'83.
Corn,
Wheat,
Flour,
bols.
131,311
158,388
ending —
Tot., 4
[vot. xxxvin.
4,025,203
3.979,005
1,115,082
101,043
1,057,14 4
341,206
FLOUR.
3 40# 3 00
Corn meal—
2 10 # 3 00
2 So# 3 40
3 50# 4 75
Superfine
Spring wheat extras..
Minn, clear and stra’t
Winter akipp’g extras.
and
clear
Winter
4 00# 5 80
City shipping extrasSa
southern bakers' and
family brands..:... 4
South’n stip’g extraa.3
Rye Hour, superfine..3
bbl. $2 20# 2 50
No. 2 spring...1#
No. 2 winter
straight
Patents, spring
4 00# 0 25
Patents, winter
5 50# 7 10
70# 0 50
65 # 5 50
40# 3 75
Western, <fcc
3 00#
Brandywine, &0....3 35 2
Hour, $
3 30
3 45
.....3 OO #
3 50
Buckwheat
100 lbs
5 50# 0 90
10 # 5 50
GRAIN.
I
Wheat—
90
1 CO
Spring, per bush.
Spring No. 2
1 10
Red winter, No. 2
Red winter
White
White No. 1
Corn—West, mixed
West. mix. No. 2.
White Southern..
Yellow Southern.
Western white...
Western Yellow
90
95
1 09
58
62
59
61
5'.)
61
.
Rye—Western
State & Canada
70
74
it
#
•#1 10
|
S1 07
| Oats—Mixed
39 •#
#
White
...43
#113
No. 2 mixed
#
#1 13
No. 2 white
#1 10
43:h #
#1 10
Bariev—No. 1 Canada. 87 #
62 kj
No. 2 Canada
83 #
#
63
a
Slate, two-rowed
02 #
70
Slatsix-rowed
75
it
#
65
Buckwheat
85
#
a>
#
70
OTj
...
70
7s l2
17,170,633
30,564,113
18,416.042
24,863.241
The exports from the several seaooar i ports for week ending
Mar. 1. 1884. are shown in the annexed statement:
Total g/air
Exports
from
New York
Bostbii.
Portland
40 l>
40 q
44
88
84
tin
|
Wheat.
|
|
Oats.
Corn.
Bbls.lWlh.-> Bush.Mlbs BushfMIhs liu:',h. 32/'..
Milwaukee..
89 :V>.4
133 3; 3
74.8741
129,990'
82.1! 5
•238.511
1
117,299'
I
(
1.187,
1
2,24(5
Toledo
Detroit
Cleveland*.
Rye.
] 5 0(57
17,090 j
3.579
98,801
7,100
145.701
39,076
S/62
152.032!
874,73o
195,001
S.hio'
j
20,479
451,99)
221,810,
4.200,
19.370
30,301
1,840,
Peoria
Duluth
1
2.’,000
045.0-9'
3.092 024
Banio wk. ’83
972;
258.311.5|
1.451.414
Same wk. ’82
149.519,
434 930
3,457.271
708,370
SlnceAug.l—
i
Tot. wk. ’84
149
|
1882
1881
5.038.'
j
421 31.950.s58;
98,8.787*
38(3,783
10,907
20,0.0
10; 375
.
77,000,324
40,097
61.20 >
12.196
124
2,1.07
163,8 45
8
96.782
477,026
639,219
1,569
170.196
69 9.730
2,080.172
2.203
.
Tot al w’k.
8’me time
13-13.
..
The destination of these exports
four years,
Flour
bush.
Barley
By 6
....
are
Mur. 1.
Mur. 3. i
Cols.
lib Is.
1*5.720
0,238'
277,574
Cnni.in’nt
8.A:. C. A0.1
W. Indies
Brit. 0<f;’s
12.370!
Jo.36 )j
:t T .:1
Oth.e’nt’s
45)9 2
14.401
1 6,5.5 8
5 074
016
Total.,..
96,782
170,1961
1881.
Week,.
Week,
Wed:,
.Mur. 3.
Mur. I.
Afar. 3.
Bu<h.
390 ,-4 11
.293,192
1*5
1,18/
477,020
Bush.
Bush.
429-51 53 1,820,050
203.904
203,082
118,579
36.448
4,997
1 1.899
10,327
2,002,
5,025
1,063
4,865
690,730
490
639,219 2,080.172
By adding this week’s movement to our previous totals we
following statement of exports since September 1, this
have the.
season
and last
season.
Wheat.
exports since
Sept. 1, to—
Corn.
183334.
1082-83.
1833-84.
1882-83.
1383-34.
lc*>s2-83.
Srpt. 1 to
Sept. 1 (0
Sept. 1 to
Sept. 1 to
Sept. 1 to
Sept. 1 M
Mur.
Mir.
1.
Bbk-.
Mur.
1.
Mur.
3
3.
Mur.
1.
3
Mar.
B;i-h.
Bush.
Bush.
Bush.
11.179,879
21,797.811
12.010,975
83.3 3
15,232.519
4,557.029
1,013 287
40,523
232.439
212.073
Continent...
217.5*4
355 015
20,903
3. AC. Am...
351 -11
397.137
West Indies.
■1 {fl.C.20
591.351
20,073
3:51
,>So2
311 7,37
8,010
7.8 JO
07.251
67,708
1>,311
21,175
5.57:
20:.K-5
111,083
61,194
5.393.995
23.525.20 s
45.139 235
21,3*5.113
14.222.061
Brit. Col’nies
12.03- .832,
3.12(5,736
Ota. count/-?
22,333.318, 10.119 510,
3,108,773
1881-82.
l«.8o-Sl.
1,535.219
2.242,913
12,857.270
5,517,697
2,667,219
7.546,537
5.860,101
3.770,294
15,503,075
6,291.434
1,325,945
453,666
2,438,523
380,167
1,125,909
495,357
1,238.935
429.963
23.S93.158
29,333,493
23,119,155
16,613,467
2.921,141
shipments
—
.......
.......
Total........
The rail and lake
7lush..
199.452
55/ 11
1SS3.
1363.
138,014
1,413,493
Barley
Bye
were:
j
Co.King.
Corn.
591,941'
158,317
1882-83.
.bush.
Wheat..
weeks
1881.
Week.
Mur. 1.
|
1
Week,
j
Wheat.
3.SM.031
1,937,537
bble.
.
1983
1884.
Week,
for ivctl:
to---
Bbl-\
1883-84.
the rail
Flour.
...
!
Flour.
2.739/69
1,572,701
ports for four years:
Corn—
Oats
We add the
is as below.
corresponding period of last year for comparison:
':’ef :l
...
4 149.013
9,3 J 1,233 20,001.810
831
'
1,005,074
151.433
suppiy oi gram, comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Mar. 1, 1884, was as
at
13,342.305
Below
16.325
tin. Kingdom
shipments of flour and grain from the
from Dec. 24. I8S3, to Mar. 1, 1884, inclusive, for
show as follows:
Total grain
15,635
me visiPie
bble.
Wheat
Corn
Cate
72,679
53.274
The comparative
ports
11,108
1
21<27li
No report.
same
129,859
8, '• 60
5.815.909
31.934.750|
4,527
-
14.157.811
40.041.773'
Bush.
72,679
1,564
26 431
1
1
!
5.735 48*0 50.sSl.472, 74.304,4 70
0.23 5.197 59,750.013, 53.319.921
1883
1,015.813
Bush.
Flour.
1
'
Bush.
Bu3h.
240,697
2,8 JO
i
Peas.
Bash.
Montreal.
Piuladel..
Baltim’re
N.Ori’ns
Rush A* lbs Dush.&Mbt
10513'1
] 30 > 1:94
.
8t. Louis
*
;
517 057
Barley, j
Rye.
431,612
1
Exports
below, prepared by us from the figures-of the New
Produce"Exchange. We first give the receipts at Western
Lake and River ports, arranged so a5 to present the compara¬
tive movement for the week ending Mar. 1 a ad since Aug. 1
for each of the last three years:
Oats.
70,947
78
90
York
Corn.
Bbls.
..
statements
Hour.
Wheat.
Flour.
—
41
The movement of brealstuffs to m irket is indicated in the
Receipts at—
.....
from Western lake and river
3 984.
TIM
Mrh. 1.
1883.
Week
Mch 3.
219.230
117,537
263.042
4.760,841
231.5 15
1 ^03,9! 8
1882.
1881.
Week
Cmcaco
Do afloat
Milwaukee
Duluth
Toledo.
Detroit
3,292,570
1,390,304
1,504,359
ports for last four
1.008,828
12,798,775
91,200
3,015,639
2,667,474
10.000
111.767
5,519
3 23,100
169.369
47/00
322/46
335.810
126/28
414,135
..
Mississippi.
401
770
44.000
06,713
565,581
•
-
•
4
149.000
592.0U8
...
7.531
230.000
20.066
158,841
Pnihubd]4na.
11,000
14.500
8,717
245.748 1. 770.661
101.009
231.916
>,556
1,174/88
676.145
14.916
82.240
42,830
2,53 1,093
239,874
.
27,355
2,262
Montreal
.
271,268
126.000
Rye,
bush.
652,726
17,447
Toronto
.
20,500
200
149.414
6,073.394 1,607.262
852.863
101,765
63,559
397,123
Down
2,522,515
10.000
1,660,371 2/43,697
184
182.011
Baltimore
88,478
37,512
4.323.685
77.000
127,309
30956:0
.
bush.
Boston
832,14 0
39,994
Barky,
bush.
Cincinnati (23d)..
207.297
00.532
Oafs,
bush.
2/70,192
Peoria.
fudi ana polls
Kansas >3tv
99,039
Corn,
budi.
1.186,167
ft1. Louis
1 Tar. 5.
91,757
31,831
Wheat,
160 OC'O
Oswego (est.)
139.913
791,9^1
same
In store at— ■
New York
Do afloat (est.).
Albany
Builalo
103.9,90
311.73.9
shipments from
follows:
Week.
2Tch 1.
194.273
863,509
281,930
1.359,513
77:' ,712
the
221,672
38.7*4
12 i,200
2,504
98.092
139.812
21,476
10,317
l,o76
177,621
15,533
31.948
45,783
69
....
116
47,700
28,455
2,650
94.703
19.000
14.311
4,849
4)5630
91,757
31,831
Tot. M* b.
I. ’84. 3l.073.9o0 15.351,501 5.487,393 2.2 14.9 *7
lot. IVo. 23.’84. 31,174,951 11,407.901 5.52 1,5.59 2.261.193
Tot.M-li. 3. 563. 23.332.27 » 13.615.041 t.l 40. til 1.91 6,472
Tot. Moll. 4.’82. 16 118.519 1 1 ‘2 >0.219 2.294,2 11 2,319,340
Tot. Meh. 5/81. 21,956,235 15,662,758 3,409,4513,808,123
2,240.030
2.317,3 30
1,332.070
1,160.06b
On rail
263,642
1.359,513
775,772
703,60*
THE CHRONICLE,
H
TRADE.
B
o
S3
r+-
Friday. P. M., March 7, 1884.
past week has developed an improved
5
woolens, and fair orders were placed in this con¬
nection by the clothing trade, who appeared in the market in
considerable force. Aside from clothing woolens there was a
m6
men’s-wear
light demand for domestic fabrics by wholesale buyers
very
on
the spot,
but
a
pretty good distribution of staple cotton
goods, white goods, indigo-blue prints, wash fabrics, dress
goods, hosiery, &c., was made by agents on account of recent
and back orders. In spite of the stormy weather which pre¬
vailed at times there was increased activity in the jobbing
branches of the trade, and
a
fairly good business
was
done in
and domestic goods by the principal jobbers. It
become evident that both wholesale and retail buyers
both foreign
has
determined to pursue a cautious hand-to-mouth policy
have
fairly .good spring trade is anticipated,
nearly all texiile fabrics being so cheap at current quotations
for the
that
a
present, but
a
liberal demand for consumption is pretty well assured
Domestic Cotton Goods.—The export
goods
been
movement in cotton
comparatively light, the week's shipments havingonly 1,140 packages, of which 4-39 were sent to Great
was
Britain, 274 to Brazil, 103 to Mexico, 91 to Hayti, and smaller
lots to other destinations.
There
was a
jobbers, but the. demand by package buyers was strictly
moderate, and almost wholly of a hand-to-mouth character.
Low grade brown and bleached cottons were barely stet >dy
(the late advance having been lost in
most desirable
some
sheetings and white goods
are
at Lily held
Print cloths have further declined to 3ysc. for Olx
for uGxGO.-, the
cl illness of tlu> print market and
the consequent lack of demand having contributed to this
result. Ginghams, wash fabrics, wide prints, printed lawns
,
and
on
c
*
o
J
X
•
C
•
—
!»
ol—
r!
|
v~*
o
,
5.
oi—
w.
o
P>P
bo
C:
O'X
P -P
c
c:
•
1
M
,p
C. *3
01
cap o*. ©o
Ocr-^XO
o
cclp.
CD
O' J-
p tP to
O'
— CO O'cox
-J O'- CO O' oo
c o-co o«-t
«
i-r
o: —
h-
ctcairo
CO P X 4- CO
c
H
br*
ip
■C
Jr
! err
O
1 p
co x
>
to
2
i-1
2
o
ot—
A
3
—
—
Flax Bilk Cot n Wool
H
§
.
b:
ct-
Flax Bilk Cot n Wool
P
-
M
M
tc.'-JC
M — >— to
‘2:
co o: on
‘-‘X-
cr
CO -4
jP C' -J jO M
cc
to CD P O' O'
— -1 — to O’
CO
-1
-
c
CO-1
410
1—■ to
C -3
CO
>p c
cr
->
crc.c-i
c; - i or tc —
r-J
Oi-
to
£
tc
MO'
CO
O
CO C5
O’l © 10 P ©
tr--
O- I—
—
-no c#*
CO
—
O'
Ot
Ip »P O'
to
CD CD
O'
CCC0P»P-l
tP
tP©
tc 1C
ot O'
^ CO
C.
O'
to CO
O' c
b Ip
>
»p
tPOCPC
K
r
Tl
I—
M
CD
to
O'
-s
; to
c:-i
—
lo re
CO
x p
tPX
-J
Ul
•
—
8r
-
0" ^
m io
w
-
10
!
L
Pj
MM
0* c:
w^
rT
1,
a^
s.' '
ta-a.
cocoon
X
-«o
to to co
—
'X X P P —
r;
to ot
O'
-1 — —
OD^
—
cd tc
5 tO Ot
-
to
-a 01
1.
—
h-l
1 -J
i-
t—*
^
co i-1
CC (P p. to CO
c — cd p* ©
to
K
L-*
►C
o
a
CO
to
o; >-
p w
-
& —
— - )
>u
t
K
to
to -3
to
-> -•
to X
M tO i-1 tO
X
CO
tr to
CO p
O
c
G
CO
F:'
p
CD
ES
PC-'
C x
P O'
X
3
O'
CO to
XCOP —X
w-
to p.
PC
M
p*©
(P CD
O'
© O'
— CD P
p* cr. — CO CO
X
CO c
Cn 4”*- tC tC 1C
M
co
—
iP oi co co a
O
K CO
P*
xco
X CO CO CO
COM*- — O'
/
~
-1 to
a
0
?
p
— XOC. K)
CDXXPOl
CO — p to CO
w
c-
to
P P O'
to
K to
to
X 'D —
—
p
cotox-c —
"co
P 00
r*~
O' P* X
' CO
0
• c P - J to Ol
to — X CD tC
P C O' to O
CO
.
r
tc
-tteto —cx-
w
X
w
_
...
>
W
io
»-
V.
X to
M
P
CD- J
►—*
— 1—
CO CD P «-•
X
,
o
-1 C to CD
00 — — to to
i o a -a c to
c
■*>4
10i—1
*T*
rx
yy
C
CD
•o toP
co T-1PP
to
>*-
X c.
X-C
*>
F
525
—
—
c
■V
tc
— —
7
a
cd cr x 0: x
10 CC fr—
1*3
CT-tf— k—
P CO to CD tP
■k
r5
•
•
F
F
Q
tc p
top.
—
(JO
O 7T
S-
© — CD p-
c
CO o
o«
CO so
—
X to O' -P
i—
CO X
O'-IX c co
O' c CO P to
to
C to
C X
CD
icio
C.
C P.
—
—
FI F
CO
K
•
tC POO
at
73
b
y
1
cr c
.
J
CX
C CO
to
i=
X
'
to CO
b
x
VL
j1
1-c
!
i- !
j
t~4
00
j
P
—
1
1
>—!
CO
CH
—
7^7 Cl ’ L- to
-1 O'O'! cop
P- 7 — O' to
—
—'
i
•
ssx
o: i-1
'
to
i
viC
—
CO ^
—J p —^
x~
X s
1—
0
O -J X -1 p
o>'- CJi C
to CD O'
1
to
;
i
»p
i
|
CJ1
CD
j1 cc
c
ec i. x -t
c: P c. (- -j
j
!
R
Cl
c to
c o
17-C O' iv to
P to 'O'CD —
c P to )P P
<r
1
X
w
to CD
..
-
!
O
1
—
-
1
j
X
O' O 1
1- O'
CD 10
!
1
c M A.
CD
FF i
j
—
03 X
co to p
boon
a. x c — p
x. p — to —
I
1C
X i
'•
P 0" CD <J to
P CC tv/ — p
O P CO )P - »
V.
—*
*-3
-1 *
O'C.’*
i
1
J
C. 'D O'
1;
c. *
.
■
cc
!
I
CO 1
-1
,
J -
-
P
O' D -ip P
X
—
,
1
P O' CD
—
10 X to CP*—*
0*
8— 8— »—»
O'O'--1.0
t
!
p* :
-ICO
1J
00
10
10
«.
—
a o« coco
O C/1
'
-
C:
7
CO
1—
O' 10 1 O' — CO O' to
w7 X ' ■U *1 O 10 if*
-MO
O
—
c
-1
X P
cox
i
ip
to p C -1 X
to
bp
?•-
XfPtOP* )P
i
CJ
0
J X 1C X c*
Clip-
to
H
i
►—
C
••
M ►-*
|
i
p*
vC
<—
ip.
C
Q
-1 C * 1
p x-ix<~.
CO
X
-
^
t
—
1
x
i
]
L,
1 ic
1
!
i
!
a
•P
i
1
j
instances), but the
i
64s and 3c.
•
CJ.
r~t
Wol.
1
plain and colored cottons reuiiin firm, and the
best brands of wide
by agents.
,
®
freer movement in all
descriptions of plain and colored cotton's from the hands of
.
C
a
1
i
E3
Miscelanou Manufctres market. Miscelanou Manufctres Miscelanou ManfHctures
SE
C
demand for
The
Flax Bilk Cot n
p
—
K
Total
1
e*
p
!
GOODS
DRY
THE
309
j
8,1F84. |
MAfccn
piques
were severally
demand at agents' hands.
??o:***Spt* of IjcaAIu'j: -VrMeles
The
following table, based
of
SJaiEieslie Produce.
daily reports made to the
Exchange, shows the receipts of Lading
articles of domestic produce'in New York for the week ending
with Tuesday last (corresponding with the week for
exports),
upon
New York Produce
-
active with jobbers, and in moderate also the
receipts froom Jan. 1, 1 SSI, to. that day, and for the
Fancy prints were very quiet with
agents, but a good business was done in indigo-blues, and corresponding period in 1SS3:
furnitures, greys and shirtings were in fair request.
Domestic Woolen Goods.—There was a large influx of
Tree 7.* end ivy
&knee ,7m?. 1
Same, llnif
Mar. 4. '
1881.
lost year.
wholesale clothiers from Western and near-by markets, and
Ashes
hbls.
99
tlieir presence has given an impetus to the demand for
853
1,231
heavy Beans
bbl.s.
1.123
S.7UU
15.129
clothing woolens, ns all-wool and cotton-warp cassimores, Brt-atLtuRs-Flour, w heat
bids.
78,953
87d,9 -1
1.303
worsteds, overcoatings, satinets, &c.
Orders for fabrics of
(’ont meal
....bills.
L<m;.)
30018
10
the above descriptions were placed to
Wheat
basil.
f.i
.000
'7
1,07.
.9
3,371
an important amount,
bush.
1 7 d, I 9,8
Rye
28,1 Ci
1 07,
but buyers manifested a good deal of caution, and there was
(’on*
19 7. 191
hr sa.
2. d 8 d, < U 8
4.012,
(Mis
hush.
182,78 2
1.11 4.8(18
an utter absence of
1.810
speculation in tlieir operations. Prices
Bariev
..bush.
172.281
1,37 3,001
.
.
>
for-nien’s-wear woolens
reliable makes
are
so
low that
the
host and
most
receiving a marked preference from the.
trade, and there was consequently a good deal of irregularity
in the demand, indifferent
styles and poor qualities having
met with little attention.
Kentucky jeans were quiet in iirst
hands, but more active with jobbers. Ladies’ cloths, Jersey
cloths and cloakings were in moderate
request, and a very
fair business was done in worsted dress fabrics ; while a
slight
improvement in the demand for heavy shirts and drawers was
are
.
reported in exceptional cas^s.
Foreign
Dry Goods.—There
Loti'Ul...,
Cotton seed oil
1 'lax seed
..
only a moderate move-1
foreign goods from first .hands,-selections having been
chiefly confined to a few specialties. The jobbing trade was
more active, though hardly
up to the average of former sea¬
was
like period. Fine black and colored silks
were in fair
request, but:-low grades moved slowly and at unsatisfactory
prices. Fancy silks were fairly active, but at very low figures.
Staple dress goods ruled quiet, but fair s ides of desirable fancies
were
53.2(7-1
•15,
15.189
232,909
303,
2.587
9.99 L
I 0.4 99
2.0,
....
5,022
3,202
42,171
30,. Ml
38,
1 .554
1 1.8 83
1,973
3b, if 1
.sides.
‘14,005
11,
3,
...pigs.
.Idols.
1 o.o 08
424.073
103,498
...hlils.
*0*15
2 LOLL
20.185
Turpentine, crude. ...bids.
bids.
Turpentine, spirits.
59
759
72 a
092
11.410
..
Hops
LCalher
Lead
.
;
.
Mobiles
Rosin
Tar
Pitch
Oil cake
...Ibis.
...bids.
...bids.
3.257
0.151
51,32 l
712
1,831
..pk-s.
4,015
78,*01
......
Oil, lard
Oil, whale
Lirys.
Lard
Laid
are as
follows:
710
.calls.
..bases.
4.150
.pkrrs.
1,5 1 .">
.pk srs.
..pkps.
018
1J .130
1 4.037
lo Oli
.
A
..
.
..pkiyi.
..
821
73.933
1,570'
pkas.
1
33
00,385
158,405
250
17 0
1 14
00
1
100,7 ,3
25.753
8. .308
(via
..ke.'S.
...No.
I d-r •>'.
..slabs.
Old
ob,U97
32,010
25,1 03
10,209
21.05 1
Rice.
Civ DS.
1.01 2
5.033
772
Jdds.
iiiids.
.50
..
.
.
.
.
ibtlK’W
plcpcs.
Tohaeeo...... boxes V cases.
Tobacco
hitds.
...bhls.
Whiskey
Woo)
...
..
.
.3,0 15
did
8 15
1,722
15,0.: t
3,29:;
1.309
5.529
20.7 2 t
0.1 17
40.01,1.
8.717
5 19
7,853
24,501
0.^18
...bbls.i
tcs. y bids.
..
corresponding periods of 1883,
43,198
3,490
.
Hogs, dressed
Sakar
527,
1 11.
125
...bids.
Peanuts
Provisions —
Pork
Eecf
Cut-meat s
Butter..
Cheese...
31,
.
Molasses...-. 2
Naval E-tores—
and ladies’ cloths.
The importations of dry goods at thi ? port, for the week
ending March 6. 1834. and since January 1, and the same facts
Id,
No.
bales.
.bales.
Stearino
Importation* of Dry floods,
..
baas.
...
•Sp<,-lt er
2.5:<)
bays.
Hides
Hides
reported. White goods, laces, embroideries, hosiery and
fabric gloves were in fair request, but linen goods continued
sluggish, and a light trade was done in men's-wear woolens
for the
1,05.8
hush.
.bales.
bids.
..
meat in
sons at a
Reas
s
2T-
*17
3<
CHRONICLE.
THE
310
BROADWAY, NEW YORK.
Officials of Banks, Railroads and Express Compa¬
nies. Managers, Secretaries, and Clerks of Public Com¬
panies, Institutions and Commercial firms, can obtain
BONDS OF SURETYSHIP
from this Company at moderate charges.
The bonds of this Company are accepted by
No. 179
York.
DEPARTMENT.
oourts of the State of New
CASUALTY
Policies issued against accidents causing death or
totally disabling Injuries.
Full information as to details, rates. &c., can be
obtained at head office, or of Company’s Agents.
Wai. M. Richards. Prest. John m. chans;, bec’y.
Ron’T J. Hu.lap, Ass’t Secretary.
DIRECTORS:
Geo. T. Hope,
David Dows,
W. G. Low,
G. Williams,
A. S. Barnes,
Charles Dennis,
J.S.T. Stranulmr, H. A. Hurlfcut,
Alex. Mitchell,
A. B. Hull,
J. D vermilye. 8. B. Chittenden
Geo. 8. Coe,
Wm. M. Richards.
Bonds of
NO
Suretyship.
OTHER BUSINESS.
The Guarantee Co.
OF NORTH AMERICA.
1300,000
Cash Capital
Cash Assets
400,000
214,000
Deposit with Insurance Department
Vice-President:
President:
Sir. Alex. t. Galt.
Hon. jas. Fehkieb.
Managing Director: Edward Rawlings.
NEW
YORK
OFFICE:
178 BROAD AY AY.
D. J. TOMPKINS, Secretary.
New York Directors.—Joseph W. Drerel, A. L
Hopkins. H. Victor Newcomb, John Paton, Daniel
(Commercial Cards.
Trust (Companies.
fptmnxial Companies.
FIBEL.ITY & CASUALTY CO.,
[Vot. XXXVIII.
The Union Trust Co.,
L.
Everingham & Co.,
613 CHESTNUT STREET,
Gil AND
(Established 1865.)
PHILADELPHIA.
Capital
Paid-up Capital
COMMISSION
Authorized
$1,000,000
DoO.OCO
'.
Charter Perpetual.
Acts as Executor, Administrator, Assignee, Re¬
ceiver, Guardian, Attorney, Agent, Trustee and Com¬
mittee, alone or in connection with an individual
....
appointee.
Takes charge of property
; collects and remits in¬
promptly, and discharges faith¬
the
every
fully
duties of
trust known to the law.
All trust assets kept separate from those of the
terest and income
Company.
(ADJOINING
in their
Burglar-Proof Vaults,
Fire and
protected by improved time locks.
Wills kept in Vaults without charge.
Capital,
WALL
-
Metropolitan TrustYork.
Co.,
Mills
Building, 35 Wall St., New
PAID UP
Surplus,
This company is a legal depository for moneys paid
Into court, and is authorized to act as guardian or
receiver of estates.
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time, and withdrawn after
five days’ notice, and will be entitled to interest for
the whole time they may remain with the company.
Executors, administrators, or trustees of estates,
and females unaccustomed to the transaction of busi¬
ness, as well as religious and benevolent institutions,
will tlnd this company a convenient depository for
JOHN A. STEWART, President.
money.
WILLIAM H. MACY. Vice-President-
AGENTS FOR
Ocean Mill*
Co., Atlantic Cotton Mills,
Peabody Mills,
Cliicopee Mfg. Co.,
Mills,
White Mfg. Co.,
Saratoga Victory Mfg. Co.,
Hosiery and Yarn Mill*,
llcrton New
.
Bliss, Fabyan & Co.,
New York,
BROWN & BLEACHED SHIRTINGS
AND
HENRY L. THORNELL, Secretary.
LOUIS G. HAMPTON. Assistant Kecretar
The
Towel*, Quilts,Wliite Goods Sc Hosiery
Brills. Sheelinqs. <£e., for Export Trade.
CARPETS,
llenry Sauger,
TRUSTEES:
Josiah O. Low,
Henry K.Sheldon,
Alex. McCue,
John T. Martin,
A. A. Low,
Edm’d W. (TTrlics
Mich'l Chauncey, Fred. Cromwell,
C. D. Wood,
Wm. II. Male.
WM. II. MALE, Secretary.
jiafe -Deposit (Companies.
MANHATTAN
Safe Deposit& Storage Co
346 Sc 348
271
NEW YORK.
UNDER GUARANTEE,
Bonds, Deeds,Wills and other valuable papers; Silver¬
Jewelry, Paintings, Silk Goods, Old Businesi
Accounts, &c.
Sales to rent from $10 to $200 per year.
ware.
PHILADELPHIA.
Incorporated Third Mo., 22d, 1805.
(CHARTER PERPETUAL.)
CAPITAL.
$1,000,000
ASSETS
To
Large Corporations
Near Broadway
or
-All trust funds and investments are kept separate
nnd apart from the assets of the company.
The income of parties residing abroad carefully
Ollected and duly remitted.
SAM I. R. SHIPLEY, President.
ASA S. WING, Vice-President and Actuary.
(VISTAlt BRO v\ N,Chairman l> isg;uee Committee.
(through to 31 Howard St.)
CARPETS.
HOUSEKEEPERS AND OCCUPANTS OF OF¬
FICES take notice.
Before buying your carpets,
Linoleum, Oilcloths, or Mattings, call at BENDALL’S
Misfit Carpet Store, 114 Fulton
Cheapest place In New York.
lower iioor of the
SAMUEL BUDD.
Fine Custom Shirts
antee
our
Specialty.
Twenty Years’ experience
assertion
that,
our
war¬
unequaled for style, appear¬
and workmanship.
We guar¬
in all cases a perfect fit.
SAMUEL
BUDD,
Broadway & 24th Street, ‘New York.
Brinckerhoff, Turner
& Co. j
Manufacturers and Dealers in
COTTON SAILDUCK
And all kinds of
COTTON
CANVAS,
FELTING
DUCK, .CAR
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, &c„ “ONTARIO” SEAMLESS
BAGS, “AWNING STRIPES.
Also, Agents
A full
Booka
Stationery.
ders
promptly executed.
WILLIAM
STREET,
(IIANOVER SQUARE.)
JOSEPH Cl LLOTTS
STEEL PENS
ScldBy ALL DLALERSThroughout IheWORLD
■COLO MEDAL PARIS EXPOS IT \ON-1870,
Dre33
are
UNITED
Cole,
AND PRINTER,
Supplies Banks, Bankers, Stock Brokers and Cor¬
So. 1
(Commercial (Cards.
ance
STATIONER
(7^* New concerns organizing will have their or¬
Immediate possession it desired.
Shirts
&
Sears
and
BUILD1YG,
13, 15 and 17 Corllandt Street.
the
1855.
porations with complete outfitB of Account
SMITH
rants
St., basement floor.
EUGENE R. COLE, Successor to
Companies
OFFICES TO
LET.
to change in tenants, an opportunity is
afforded to obtain, on long lease and favorable terms,
the entire Miite of fine offices, comprising the whole
Over
CO.,
OFF TC E
Owing
$12,338,472 20.
INSURE
LIVES, GRANT ANNUITIES, RE¬
CEIVE MONEY ON DEPOSIT, returnable on de¬
mand, or on which interest is allowed, and are empow¬
ered bylaw to act as EXECUTORS, ADMINISTRA¬
TORS, TRUSTEES, GUARDIANS, ASSIGNEES
COMMITTEES, RECEIVERS, AGENTS, etc., lor
the faithful performance of which their capital and
surplus fund furnish ample security.
Specially
273 Canal Street, New York.
ESTABLISHED
T II E
Or
Sc
Broadway,
Car. of Leonard Street.
Receives for safe-keeping,
.TAS. R. Curran. Assistant Secretary.
Provident Life & Trust Co
and Ship Furnishing
Desired.
Office
THEO. W. BAILEY &
Cor. of Montague & Clinton sta. Brooklyn, N. Y.
John P. Rolfe,
H. F. Knowlton,
H. E. Pierrepont,
Alex. M. White,
CLOTHS, MATTINGS, LINOLEUM, ETC.
OIL
FREDERIC D. TAPPEN. Vice-President
WALTER J. BRITTIN. Secretary.
Brooklyn Trust Co.
This Company is authorized by special charter to
act as receiver, trustee, guardian, executor or ad¬
ministrator.
It can act as agent in the sale or management c f
real estate, collect interest or dividends, receive
Tegistry and transfer books, or make purchase and
sale of Government and of her securities.
Religious and charitable institutions, and personb
unaccustomed to the transaction of business, will
find this Company a safe and convenient depository
for money.
EDM UND W. CORLIES, Vice-Pres’t.
SHEETINGS,
PRINTS, DENIMS, TICKS, DUCKS, Ac.
IMPO It T A N T
Samuel Sloan,
Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRAND3 *
JAMES S. CLARK, Second Vice-Pres’t
TRUSTEES:
Dan. H. Arnold, iJames Low,
S. B. Chittenden,
John li.Rhoades
Thomas SlocombJW. W. Phelps,
Charles E. Bill,
1). Willis James, Anson P. Stokes.
Wilson G. Hunt, John J. Astor,
Robt. B. Minturn
John A. Stewart, Geo. II. Warren,
Wmll. Alacy,
John J. Cisco,
S.M.Buckingham George Bliss,
Clinton Gilbert,
H. E. Lawrence, ] William Libbey,
Isaac N. Phelps, John C. Brown,
Daniel D. Lord,
George T. A dee, Erastus Corning, Edward Cooper.
15 Chauncey Street,
BOSTON.
43 & 45 White Street,
NEW YORK.
CAPITAL, $1,000,000.
legal Depository by order of Su¬
preme Court. Recoive deposits of money on interest,
act as fiscal or transfer agent, or trustee for corpora¬
tions dnd accept and execute any legal trusts from
persons or corporations on as favorable terms 8 8
other similar companies.
THOMAS HILLIIOUSE, Presides.
*
SUCCESSORS TO
MUDGE, SAWYER Sc CO.,’
as a
STREET.
$2,000,000
3,518,036
-
PROVISIONS,
Toy, Lincoln & Motley,
E. R.
Bonds and stocks. Plate and all valuables securely
kept, underguarantee, at moderate charges.
Car trusts and other approved securities for sale.
Money received on deposit at interest.
JAS. LONG, Pres’t. lHESTEIt CLYMER, V.-Prcs’t.
MA1ILON S. STOKE-, Treasurer & Secretary.
D. R. PATTERSON, Trust Officer.
'
Directors.—James Long, Alfred S. Gillett, Allison
White, Clms. P. Turner, M. D.. William S Price, John
T. Monroe, Jos. I. Keefe, Thus. R. Patton, W. J.
Ncad, Jas. S. Martin, 1>. Hayes Agnew, M. I).,
H. It. Houston, John G. Reading, Theodor C.
Engel, Jacob Naylor, Samuel Riddle, Robert Pat¬
terson, Philadelphia; George W. Reily, M. 1>.,
HarriSUURG; J. Simpson Africa, HUNTINGDON;
lliester Clymer, 1 lenry S. Eckert, Reading; Edmund
S. Doty, MiFl’i.intown ; R. E. Monaghan, West
Chester ; W. W. H. Davis. Doylestown ; Chus. W.
Cooper. Allentown.
OF NEW TORE,
No. 49
ANI>
tho Chicago Board of Trade, for cash or future
delivery, a specialty.
Special information, indicating course of markets
freely furnished upon request.
'
on
Burglar-Proof Safes and Boxes (having chrome
steel doors) to rent at $5 to $60 per annum,
new and elegant chrome steel.
Designated
JTuxtst (Companies.
Unitea States Trust Co.
Street,
COMMERCE).
CHAMBER OF
CHICAGO.
THE PURCHASE AND SALE OF
GRAIN
No.
Torrance. Edw. F. Winslow. Krastus Wiinan.
MERCHANTS
125 La Salle
STATES BUNTING €0.
supply, nil Widths and Colors, always la stock
No. 109 Duane Street.
steamships.
OX LI
Direct Line
to
France.
GENERAL TRANSATLANTIC CO.
YORK and HAVRE,
Between NEW
Morton 81.
by English
Railway and the discomforts of crossing the Channel
From Pier (new) 42 North River foot of
Travelers by this line avoid both transit
In a small boat.
L A BRA DOR. Collier
..Wed.,
ST. LAURENT. De Joussclin.Wed.,
_
.
,r
Mar. 12.-5A-M.
Mar. 19.10 A.M.
CANADA. De lversabiec
.....Wed., Mar. 26.3 I .M.
Price: of Passage—(including wine): To HavreFirst cabin, $100 and $80; second cabin, $60; Bteer-
and utensils. Re¬
Checks on Banque
Transatlantique, Havre and Paris, in amounts to suit.
age, $28—including wine, bedding
turn tickets at very reduced rates.
Special Train from Havre to
Paris.
The Compagnie Generale Transatlantique delivers
at its office in New York special train tickets from
Havre to Paris. Baggage checked through to laris
without examination at. Havre, provided passengers
have the same delivered at the Company’s Dock in
New York, Pier-12 North River, foot of Morton
at least two hours before the departure of a steamer
LOUIS DE
BKCIAN, Agent,
NOa 6 Scowling Green.
@FedFRASER