The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
xtmm
W
AND
BUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMEROIAL INTERESTS OP THE UNITED STATES.
VOL
NEW
3a
YORK, MARCH
8,
^ittauciat
ISiunucivil,
BROADWAY, NEW YORK.
IIu.ltiriM Koundcd ITHA.
Snr
1868.
State
bcctpotittl ssier tm
W.
DIAMONDS.
148
Totli,
of
o!
Heorc»iilir<I Ih;|>.
&
Alfred H. Smith
Co.,
IMPORTERS,
AM> riMNTEIlS OF
BONDS, POSTAGE A REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
NOTES, of the UNITED STATES; and for
182 Broadway, Cor. John Street.
In
the finest
most
artistic style
STF.El.
PI.ATES,
niiil
FROM
:oa;u7.
SAFETY PAPERS.
SAFETY COLORS.
WoTii Fxeciiteci in Firi-proof KuiUUngs.
LITNOCRAPHIC
TYPt
PRINTIIIS.
OF IMI'KOVF.D liTiri.E8.
Labcl«, t'alcndarft.
ItllD
RAIIWAY THKKTS
Nhow Card*.
KLAKK BOOKS OP EVERT
Members N. Y. and Pblladelphlm Stock BTohanges.
H. Taylor
L.
DESCBIPTION.
ALBERT G. COODALl. PresidenL
VICK-PRF.SIDKNTS
A. D. SHEPARD.
J. MACDONOUGH,
TOURO ROBERTSON.
SMILUE,
W. M.
STAYNER, Treas.
&
_
THEO. H. FKEELAHD, Secty.
BANK una,
and Cbeatnnt
Centrale
Deposits received subject to check at sight, and
Interest allowed on dallv balances.
Stocics,
Bonds,
ftc.,
bought and sold on commission In
Phltadolpbla and otber dttes
Particular attention Klven to information reeardlng
Private wire to
Investment Securities.
New York, Baltimore and other places.
Anversoise,
Paid
Up
J.
No. 15
'
-I
:
.,
l
!.
i
i'KH (Comeille-Dnvld).
;
lioTTAU
'.
A
-
hniiik.
Model 4
Cie.)
(C. Sclinild
TRANSACT
h
A
GENERAL BANKING BUSINESS.
I
AaA.
PoTTEU, iTost.
p.
J. J.
Ei)DT, Cuhler.
Whitely,
NEW
J
Buy and sell on commission
Securities; also Grain
all
classos of Rallroftd
and Provisions.
Private Telegraph wires to l*btladelphla, Wllmlaffton, Baltimore, Washington. Bridgeport, New Harvi,
Bishop,
BANKERS AND BROKERS.
NEW YORK.
PINE STREET,
(Members New York Stock Exchange.)
Accounts of Banks. Bankers and others received.
Interest allowed on Balances. A strictly Commission
Business in the purchase and sale of stocks and l>onds.
Private Telegraph Wire to Albany, Tror. Syracuse,
Rochester, Utica and BuAUo. Draw on City Bank of
in amounts to salt.
Special attention given to Secnrttlea for Investment.
&
Huestis
PINE
Co.,
Wh.M. EARLjtfemb.
A. H. Da YTOK.
A.
ST.,
II.
GEOBGE C. WOOD.
&
Special.
&
Earl
Dayton,
BANKERS AND BROKERS,
DATIS.
H. miESTIS.
r.
N. Y. St'ck Ex. O. n. Statmib.
MtTRK.
Execute orders In nil securities listed at the New
York Htock Kjcchani^e. for Sule,
KUt8T-Cl.AS8 KAILUOAU KIBUT MOUTQAaB B0N1>S.
BANKERS,
&
Hamilton
London
Hatch
Cle.)
Bonds
StJCCESSORS TO
Cle.)
iloh. Dan, Fahmuuui.}
Rjiilway
NEW YORK,
BANKERS AND BROKERS,
tiohm Kreres).
tnMB KACTBSSTRAl'CD
Tuwa and
City.
WOOD &
I'resldont.
&
Prince
No. 85
sold.
Wood,
Capital, "^9,000,000 Francs.
.1
H. Cbijoeb Oaklet,
No. 64 BKOADWAV,
TOBK*
*^ ^^^^^ ^"^^-J ^'^w York.
RnAwrrr Opptnpq
BRANCH
OFFICES j^
^5j^ g(^ \VaahlnKton. D. C
j
TVALL STREET,
liyVESTMEKT SECrRlTIES.
31
ALFRrn MAQCixAY (OrHirft MHqolnajr) vice-PrM.
I!. Von i.eu IitcKK (Ven der Becke ft UanUr).
Special attention paid to INVB8TMBNTB and
accounts of COCNTUY BANKKR3.
Co.,
DKAI.KRS IN
BOA no OF VIBECTOnS.
FILU ORISAH.
Y„
^h*'^',J»%';!,'5Vw'*H,
avea
Personal attention given at the KXCUANOKS to
the purchase and sale of SroCi£3 and BONDS for
cash or on margin.
DUP08IT8 RECBIVED-snbJect to check at sIkU
Boston and Pittsburg.
&
Mahoney
F.
bought and
ANTWERP.
BRANCH Orp,c«.{.>32
8te.,
PHILADELPHIA.
All classes of
Banque
Sons,
BANKERS,
14 NASSAU STREET, NEW YORK.
MAYNAKI) C. ETBZ,
UARKY C. 1.0GAN,
IIKNKY H. DODOE, WashlUKtOn. U. C,
Wh. R. Tratebs, Special Partner.
:
G. H.
&
T. Hatch
James Whitely,
Co.,
Cor. Tblrd
8. IT.
Wtth ip«cUt lafocuuli to piOTOct COUlTTESFSITIlia.
SptcUl fifen Bisulactnnd oxclsiiTely (or nia tt thi
P. Batch.
Arthur M. Baleh.
—with interest upon balances.
Foreign Governments.
ENORAVING AND PRINTtNO.
HANK NOTKS, SHAI8H rERTIFICATES,
HOSDS KOU tiOVKKNMENTS AND
fOKrORATIONS, DKAFTS. CHKCKS,
KII.T..S OF KXCHANOK, STAMPS, Ac,
Benry
Walter T. Hatch.
Ifath'l W. T. Baleh.
Bank Note Company,
976.
I^^itmuctal.
AMERICAN
KSGltAVF.RS
NO.
1884.
U M. SWAN
Foote,
No. 12 Wall Street, N. ¥.
We make U. 8. Bonds and
Investment Securities a
specialty, execute orders in STOCKS and BONDS
for cash or carry the ssme on marKin. We transact
ageneral BANK1N(! bii,><iMCss and AU/OW INTKKIS8T on DKI'OSIT.-I. I'.nuich offlccs. connected by
onn.. and Boston, Mass.
private wire, Norwidi,
t
65
TO
DREXEl, BDILDINO,
69
New York.
STOCKS AND BONDS BOUOnT AND BOLD
STRICTLY ON COHUIS8ION.
Simon Borg
&
W^ALL STREET,
No. 8
DEALERS
IN
Co.,
NEW YORK.
ALL KINDS OF
Railroad an^ Inrestment Secnrities.
I
'Maverick National Bank,
BOSTOIV.
CAPITAL,
KlKFLlS,.
K
cc
-
-
W. F. Stafford,
Member Now York
Kxchanpo.
BANK KButldlns,
R A^l>New
BROKER,
Vork.
Stock
•... 9400,000
400,000
inillM
All securities dealt Iniit tho New Vork Stock Exuud sold on oommlMlon for cash or
anU of Banks and Bankers gollcltcd.
cliAiige bouKlit
CollacUons nude npon favorable tortos.
upon
(ioremment Bonds
,
TINKER
No.
boutebt and sold.
A WESTON,
BANKER8 AND BROKEEB,
EXCHANGE C:01;RT,
7
New York.
iliKBT C. TrVKSR, Member N, T. Stock Ezch.
HdfSilCLAkR WKSroN.
iniirfcin^
____^
niHAM DKWIXG. CtJiHK DWIXO. F. T. BOXTECOC.
(Member of New York StoOk Exchange.)
BOtrrKERN 8ECCRTTIE8 A BPECIALTT,
E. C.
E.
ImEW VORK,
so BKOADWAr, ft 5
ST.
OppoAlte Stock Kxcbanue.
I'BOY, K. v., 14 ft L-i HAI.li BIJILDING.
PriTate Wire to Troj.
{leoarlUM carried on niargto. I nterest Mid on IwlaocM
I
J.
a UUMBIBT.
N. Y. Stock Ezch,
C. Humbert
&
Son,
BANKERS AND BROKERS,
No. 29
WALL STREET,
NEW YORK,
DRKXIL BtnLDIKO,
H. Dewing & Son,
Howard Lapsley & Co.,
BANKERS AND BROKERS,
BANKERS AND BROKERS,
No. 18 W^all Street, New Vork.
No. 24 BROAD STREET,
on rommlsalon
Stocks and Bonds Bought and
Bold
Aecnunts received aud Interest allowed on
which may bo checked fur at slitlit.
New
t>ai-
lances,
STOCK BROKER.
Lansdale Boardman,
JOBN
BCTMSntT,
Member
W. H. Goadby &
Co.,
BANKERS AND BROKERS,
NBW
No
,
8
WA
I. I.
New
STREET,
York.
York.
Edwin Corning,
38
WALL STREET,
STOCK AND BOND BROKER.
Member New York Stock Ezchaoge,
:
THE CHRONICLK
11
&
Morgan
&
Drexel
So.34 South
Nos. 19
|Drexcl,Harjes&Co
PARIS.
PHlIi APEI.PHI A
SOilESTIO AND FOREION BANKERS.
and
No. 59
WALIi STKEET,
BtJY
Co.,
N. Y.,
AND SELL
OF EXCHASTGE
BIL^LrS
parts of the
all
Francs, in Martinique and Ouadaloupo.
&
Co.,
Street,
New York.
Alkiantdeu BARIXO,
.1.
&
&
&
Stuart
J.
Co.,
NASSAU STKEET.
BILLS OF EXCHANGE ON
33
SniTH, PAYNE &
OOer Investment
SltllTH'S,
BANKERS, LONDON;
niANCnESTEK
A-
COUNTY BANK,
"LIMITED;"
MANCHESTER, PATABLK IN LONDON
BELFAST, IRELAND;
AND ON THB
BANK OF
Inland Drafts.
Exchange on
MELVII.I.E, EV.VSS it CO., ti.ui>""»-<.
!, ONDON.
C. J. HA.IIBRO A- SOS,
ALSO,
PARIS
LONDON:
Sa" E^QLUKCE Y.'''°°* ^- DAVIS. W. G. H. HEATH.
William Heath & Co.,
BAIVKERS AKD BROKERS,
No. 80 Broadway,
Cor.
FOREICN
Draw
Bills of
&
William Hiath
No. 19
Rne
Co.,
Scribe, Paris.
Orders solicited for Ijondon and .^merlcan marketa
/orlnvestmcnt or on margin, liallway. State and City
lj'>Hns negotiated.
&
John Munroe
Co'.,
No. 8 "Wall Street, New York,
No. 4 Post OlBco Square, Boston.
CHEQUES AND CABLE TRANSFERS ON
mUNROE &
CO.,
AIiE£ANDERS
LONDON.
Stocksand Bonds bought and sold on Commlssloa.
Orders received In Mining Stocks, and in Unlisted
Securities. Colleotionsmade and Loans Negotiated.
I>ividend8and Interest Collected.
Deposits ruceiveil subject to Draft.
Interest Allowed. Invest ment Securities aSpedalty.
We issue a Financial Report Weekly.
Office, 320 Broadway.
Connected by Private Wire.
Braueh
WALCOTT,
Jos. C.
)
Members of the N. T. Stock
Frank F. Dickiksos, S and Mining Exchanges.
ESTABLISHED HS«5.
&
John H. Davis
Co.,
BANKERS AND BROKERS,
NEW
Private telegraphic communication with the markets of Philadelphia and lialtlmore.
,^ ._
^
Railway and other securities bought and solo, OB
in any market.
Stocks and Bonds purchased for investment or caron margin.
„
„
CO.MMISS1UN ONIjY,
FORKIGN ORDERS, cither by
receive especial attention.
CABLE
or mall,
R. A. Lancaster
&
Co.,
BANKERS
AJSD BROKERS,
UNITED BANK BUILDINO,
BROADWAY AND WALL STREET, NEW YOKE
00BRESF0NDENT8 :
OARING BR0T1IER8 & CO.. London,
Railroad
120 BROADWAY, Equitable
Bnililing,
&
Miscellaueons Securities.
Southern Securities a Specialty.
New York.
Co.,
BANKERS,
No. 33 Nassau Street New York,
BUSraK83
TRANSACT A GENERAL BANKINa
AND BUY AND SKLL INVESTMENT
SBCUitiTlES.
nave constantly on hand and for sale « csLera U'J
and Farm MortRages, bearing 7 to S percent InierCJl.
^IVESTERN MUNICIPAL BONDS
BOUGHT AND SOLD.
Clrcahirs wiih fall particulars mailed
Chas. Unger & Co.,
BROKERS, John
BANKERS AND Stock
Exchange,
all securities
dealt in at the
New York
Stock
Exchange.
J. H.
UOAUBY &
B. E.
JOINT AGENTS
Canadian Bank
ot
WALKER,
Cisco
J.
on
&
application
Son,
BANKERS,
Members of the New York
DEALERS IN FOHEIOK EXCHAXOE, GOVEHNMIXT
AND OTUEU 1N-VEST.MK.NT BOiNDS.
St., N. 1.
S4 "Wall St. and 62 Oreeue
Buy and sell on commission for Investment or on
F. STABK.
&
George Stark
nil
Issued for the use of
world. Bills drawn on the Union liank of London.
Telecraphlc transfers made to London and to varums
receiyid subDeposits
places In the United States.
ject to check at siglit, and Interest allowed on balr
4inces. Government and other bonds and Investment
securities bought and sold on commission.
margin,
JOHN
GZOBGK STARK.
LETTERS OP CREDIT AND
NOTES
ClUCULAK
p.irts of the
travelers In
PARIS.
aXERLINO CHEQUES AND BILLS AT BIXTr
DAYS' SIGHT ON
Co.,
BANKERS AND BROKERS,
No. 24 Pine Street, New York.
Transact a General Banking Business
AND
COMMEBCIAL AKD TBATEL£S8' CREDITS.
liOVSTXE BROTHERS,
BANKERS,
Co.,
Particular uttentlon
Sts.,
PEKIER FRERES * CO., Paris.
MENDELSSOHN Jb CO.. Berlin.
KichanRe and transact a BCneral
flauiolal commission business.
glTea to Azcerlcon Securities.
&
C. Walcott
DEALERS Ef
rOREIGN EXCHANGE. CABLE TRANSFERS.
10 Tbrogmorton Ave., I^ondon, Bns*
gxxrluers.
ried
CABLE TRANSFEE8, BILLS OP EXCHANGE
New YorU.
&
Co.,
New York.
B.4NKJERS.
Wall and Nassau
muX
WALL
&; CO., TAllIS,
&
Letters of
Credit on ITIexlco.
'§milii^V3
J.
Co.,
ST.,
YORK.
ST.,
No. 17
Members of New York & Philadelphia Stock Eich'gM
SOX, A3ISTE1UJAM.
BOSTON, MASS.,
MSBbers of New York Stock Exchange.
William Hi^th
iV-
Kidder, Peabody
ABLE TRANSFERS AND LETTERS OF CREDIT
NEW YORK
OVENS
liOTTlNUUEll
BE.VVER
NEW YORK.
29
Exchange and
Bills of
Sell Bills of
SCOTIiAND,
EDINBURGH, AND BRANCHES;
Securities.
Buy and sell bonds, stocks and securities in all American, Canadian, British and Dutch markets on commission. Collect dividends, coupons and foreign and
II.
;
UliSTEB BANKING COMPANY,
NATIONAI^
Act as Agent* for Banks, Bank^pj and Railroad
Companies.
issue commercial credits, also foreltm and domestic
travelers' letters of credit in pounds sterling & dollars.
&
Wilson
&
27
Accounts and Agency of Banks, Corporations,
flrm,^ and individuals received upon favorable terms.
Dividends and interest collected and remitted.
Act as agents for corporations In paying ccupons
and dividends; also as transfer agents.
Bonds, stocks and securities bought and sold on
commission, at the Stock ExchanKe or elsewhere.
Sterling Exchange and Cable Transfers bought
and sold.
Berlin.
of Exchange and make Telegraphie
Money on Europe and Califomla.
W.
J.
BANKERS,
52 TVUIiam
Bills
Transfers of
Ton.
BtAKETEIiEGKAPHIC TKAMSFERS H. KiutnmT
Member N. Y. Stock Excb.
O. NORTHCOTE,
OF 3IONEV
COUNTRIES.
OTHER
BETWEEN THIS AND
Co.
Kennedy Tod
DRAFTS drawn J.
niAKE COLLECTIONS OFCnitcd
States and
abroad on all points in the
No. 63 WILLIAM STREET,
Canada, and of Drafts drawn in the
BANKERS.
United States on Foreign Countries.
J.
ALTMAN & STETTllEIMEK,
Payable in any part of Europe, Asia, Africa, Ana
and America.
tralla
Draw
Jesup, Paton
BROAD STREET,
Necv York.
Issue Letters of Credit for TraTclers,
On SELIGMAN BROTH ICRS. London.'!
SELUJMA.N' KUKKIOS &. CIE.. I'arls,
SKLlG51AN.t SThTTIlBlMEli, Frankfurt
ALSUEilG GOI.DI'.KIIO, Amsterdam,
IRKLAND, FRANCE
ON GREAT BRITAIN AND
DRAW OS
GERMANY, BELGIUM, SWITZERLAND. NORWAY, DE.NMARK, SWEDEN AND HOLLAND.
THE UNION BANK OF LONDON:
Issne Commercial & TraTclers' Credits THE DEUTSCHE BANK, BERLIN, HAliBURG
AND BRISMEN:
IN STBRLINQ.
ANDRE GIROD & CO., PyVRIS.
AVAILABLE IN ANY PART OF THE WORLD.
And in
BANKERS,
their Correspondents.
Also Commercial Credits and Transfers of Money
California, Europe and Havana.
MORGAN
&
Street,
on
Attor>'ets and Agents of
&. CO.,
mcessrs. J. S.
No. 22 OUJ BROAD STREET. LONDON.
Brothers
W.Seligman&Co.,
No. 23
BE ROTHSCHILD,
mESSRS.
1
Securities
Deposits received subject to Draft.
bought and sold on commission. Interest allowed on
Deposits. ForelBn Excliunge. Commercial Credits.
Circular Letters for Travelers,
Cable Transfers.
»vttUable.in aU parts of the world.
and 21 Nassau
Issue Travelers' Credits, available In
world, throuah the
Third Street. 31 Boulevard HausBmann,
Brown
&
Co., J.
BANKERS,
STKEET,
OF BROAD, NEW YORK.
Co.,
&
Co., August Belmont
TVAI^Ii
CX3ENER
^cx'jeigu %xclXimQt.
W,oxciQn gjecTtawgc.
"goxxiQU g-ecTtattQC,
Drexel,
[Vol. XXXVlll.
No. SO Wall Street,
New
York.
Deposits received subject to check at sight ana
interest allowed on dally balances.
Government Bonds, Stocksand all Investment S«cnrltl es bought and sold on commi ssion.
Simons
&
Chew,
STOCK BROKERS,
Commerce,
2 Exchange Court* 52 Broadwar.N-T.
Secnrltlea
16 EXCHANGE PLACE,
Stocks, Bonds and U. S. (Jovemmont
UlBCULAK NOTES ANB CRBOITS FOR TKATItSRS. BUT AND SELL STERLING EXCHANGE, CABLE Bought aud Sold on Commission.
CMW.
Bktbblt
SIMONS,
D.
JAS.
TRANSFERS, ETC.
N. Y. Stock Exchango.
AVAILABLB Member
Kxchange.
ISSUE COMMKKCIAIi CREDITS,
Produce
Y.
N.
Member
Schulz
IN ALL PARTS OF THB WOBLD.
&
89
&.
CO.,
Ruckgaber,
BANKERS,
WIIiIiIASI STREET, NEW YORK
CORHESPOrn>KiiTS QV THB
International BanU of London
(Limited) London.
Messrs. Jobn BerenberK, Gosaler & Co.
Hambnrs.
incssrs. inarcnard,
Kranss & Co.,Fari.«
rommeroialandTrftTelfrj'Credtts. BUliot Ezoluuwe.
C(1)I«
Tranffen.
Tames T. Bates & Co.,
(BSTABLISHED
BANKERS AND BROKERS,
*'
1868,1
raUlB BnUdlns, New York.
Members of the New York Stock Exchange.
CbMks and Cable Tmnslers on JAMES T. BATK3
CO., aeuevii, EiritMrlacO.
"lTT
Mead
80
Branch
Co.,
BROADWAS, NEW lOKK.
TwenlT-
Office
with Private Wire at 23 West
.„
Thlrrt Street.
.
., pn
for investment or
Buy and sell on commission
mirgln.allsocuiiticsdealtlnat
ft
&
STOCK BROKERS,
BfiTiSRa. a. ^•^"-
theNewiork Stoa
T.H.COKBS
jjj„b„ J,, y. stock Kxoh.
LF.MEAO. „
g
^
'
Mai;cii
Tni: ciiiiuMci.R
'<t'-'4.1
^.
Uaulicvs and IJvoUcva.
&
Taintor
ganlicvs and ^voI;cvs.
bnilniu.
I.NTUUKST (llowsil on
<(\lanoe«.
and
liar
tall
on^BKNMBNT, UCNICIPAI. anc
lAII.KOAn BonJi.
t*rlTat« talacraph wirm
to ProTldanoa and BoatoB.
. TAIMTOO.
1.
HOLT
OaO. U.
No.
AVALI.
3
STREET.
ul
New York
Stock Kzchange.
Sale of all
SmuIUm
OOI.J. J.
Sons,
Sistare's
NASSAr
19
16
DEA1.KR8 IN
FIRST-CL,ASS IKVESTMEKTS.
on Commlaston, for caah or on ma^
••aurttlea dealt In at the New York Stock
Bay and
In. all
Soil
FHICD. A. BBOWIT.
P.
BKOWX.
W'alston H. Brown
ffO.
& Bros
IIA\KER<i,
20 NASSAU STBEET,
NEW YORK.
Gilman, Son
&
35 Wall
^k
N
TfUXIB.
J.
BAN'KKRS AND
Broad
&
Sta.,
sold In
New York and
New York
•
Mining Stock Kxchange.
Stocks. Bonds and Miscellaneooa Securities.
Corxesponddffce Solicited.
Quotations cheerfulljr furnished.
James
&
No. 3
STREET, NEtV YORK.
John S. James. Member .v. Y. Stock Exch.
N. Y. Mining Stock &
iVAnnev
T
taubq-)
WARBKN T. JAMBS, Member
j^..,^,,
patroie„n, Ej5h,
Stocks, Bonds, kc, boncbt and sold for cosh or on
j
marL'ln.
CEDAR STREET.
G2
So,
In addition to a General
id Sell QoTemment Bond*
L H.
r
Banking Bnslneaa, bnr
and InTeatmeot Socurl
W. V. CAKOLIlf,
TATLOB,
Member N. Y. Stock Kich.
Taylor, Carolin
C.
")n ninraln.
KT.T.fMAW.
&
Buttrick
Elliman,
18 M&n street. New York.
-R<road bonds a specialtj.—
-Invostore are Invited tu correspond.—
-Information cheorfullv (rtven.—
'Fourteen years* membership In Stock Bzchancre.—
-Orders by mall solicited and promptly attended to.
Sidney
Jii..
K.
&
Morse,
IJEOAD STREET,
No. 29
I
rran.vict
ii
MLtcollKncons
Wierum,
50 EXCnANOE PLACE,
xokers in Railroad Stocks and Bonds,
aorBRNMBirrs
-IAS.
4;
eoREias exchasob.
Otto
K. Kandali.,
C.
Wbcbum.
I
PINE STREET,
NBW TOKK.
iMkaand Bonds hontrht and sold on Commlsalon.
K.BATKMAV. W.M. IIOl.MXS. Doi-or.AssOnF.KS
:mb.N.Y. stuck KxlIi.
Memb.N.Y. Cotton Kxch.
Ac CO.,
85 WAI.I, STUl:Kr. .NKW YORK.
ioclu, Cotlon and Foreign Exclianxe
PrlTat« Wire to WashlnRton.
BATBVAJ* * CO.. WABDIXGTON, D. a
DOl'CLASS
OBM POKUUU
Pondir
'
?ocks.
;
80
GREEK
Co.,
Bonds Alntestmcnt Securities
KXCHANUB PLACE,
N. T..
;rden .teoutod on the London and Baropoao
iirk«t.
BTKEET, NEW YORK.
STATE STREET, BOSTON.
WALL
AN'D
Neiv York,
Bay and
Investment Secnrltlea.
BOX 2,647.
WAVLAXn TBA8K. B. J. MoBSB.
Sell
A. M. KISDIB.
W. C. lUli.
(oLLlj^S.pOUDEpf
y
EjVI^INS.
N. T. Coireapondents—Messrs. BI.AKB Bros.
on Commission GOVERNMENT
and STOCKS, and all
RAILROAD BONDS
classes of Securities dealt In at the
STOCK EXCUANOB.
or
all
NEW YORK
reputable Securities
bought and sold In the OPEN MAUKKT. LOANS
and COMMERCIAL PAPER negotiated. Interest
paid on DEPOSITS, subject to check.
IBoodtf^
&
TltS.
Head
Office,
Amsterdam.
liRANCBES
London— EXCHANGE * INVBSTME.VT BANK.
B. W. Blijdkxstkis & Co.
Nos. 55 & 66 Thrcadneedle Street, B. C.
Parl»-ANCiKK7iB Maisox Leon & Drihxb,
COHPTOIR DE CHANGE. LlMITBD.
112 Rue de RIcheUen.
Rotterilain-DEW;i8SRL-en EFFBCTBNBANE.
Co.
K ERH
•
'.
-,
AND
1861.
JK.
Transact a general Banking and Commission Business In Bills. Stocks, Shares/ Coupons. &c.
SKI
I.NTEKKS'l' Al
Bi;V
B. W. BLIJDENSTEIN & CO.,
AMSTERDAin, • • • • HOLLANB.
W. BLIJDENSTEIN,
AlinFle-LKDBBOER A CO. _
iH Broadwnjr, e«r. Exchange PInen, N. Y
Branch OBIcf, ViS Ln !4allF St., Chicago,
TRANSACT A OENKKAI, UANKINO Ht'SINKSS
INCI.IDINIJ lUK IT'""'-'\l K OK
STdCKS AM) llONIl<
m'aII.
CJIN.
Bankvereeniging,
Fuiicile>le— B.
B A N
CO^
Subscribed Capltal.S.OOO.OOO—GuUdcrs (113,800.000.-)
"
Pald-Up Capital, 7,861,700—
($3,144,080.-)
"
1,258.874 34
Reserve Fund,
(»503,S50.-)
25fiN£§T. -f^ewYoRtO
sell
A
De Twentsche
Established
-BARKERSPcrohase and
merchants,
AMSTERDAM, HOLLAND
P. O.
'
New York
Messrs.
SUBJECT TO.CUECK A r SKiUT.
P. O. Box 447.
D A. BOODY,
C. W. McLnj.AM
R»nB«X LEI.A1II>.
JB.
CQitBESi>oxDEXT8
KNACTU.NACHOD & KL'HNE
Anglo-Californian Bank
-i:(llll-
lifOSlTS
(LIMITED).
LONDON,
SAN
Hoiul Office, 3 Angel Conn.
FUANCISCOOnioe,423 0aUfonila.8(.
NEW YOKKAKenU.J. &W.8eUgmanAOo.
BOSTON Correepoiid'U,Haaa«cbiisetUN. Bk.
tuthorlzcd Capital,
Paid-up Capital, -
ADOmTUS HATHAK.
&
CO.,
Agents por North America,
coinniissioN
Transact a General Banking Business. Including
the purchase and sale of STOCKS and BONDS for
cash or on mamin.
5TEWART Brown's Sons,
No. 88
AMSTERDAM.
BLAKE BROTHERS &
STREET,
No. 18 VrALL
and
&
Randall
Securlllfi!*.
IN
Agencies In Bataria, Soembaya and Samarang.
Correspondents In Padang.
Issue Commercial credits, make advances on shipments of staple merchandise, and transact other
business of a financial cb.iracter In connection with
thetrade with the Dutch Ea-rt Indies.
BANKERS
oG Co.
BANKERS,
NEW YORK.
Banking and Brokera^ce Bnal-
cpnor.il
In stofks. H'tncis iinil
(94,800,000 Gold.)
HEAD OFFICE
Adolph Boissevain & Co.
ANKERS AND BROKERS,
IM
IN )S63.
Pald-Up Capital, 12,000,000 Guilder*
23
Morss.
imber N. V. Stock Kxchange.
Young
AnSTERDAm, HOLLAND.
18
& Cox,
WM.
Nederlandsch Indische
Handelsbank,
F COZ
Dcpoalta received pnhject to cbeck at sight and
terest allowed on dully balances.
Aii secorltlea dealt In nt the New York Stock Ezlanjre bonftht and sold on commission for cash or
T. S. VorNfl.
Co.,
BANKERS AND COMMISSION JIERCHANTS
3 Ezckanee Court. New York.
:anker8& Commission Stock Brokers,
as BKOAUWAY. NEW YOKK.
A. BCTTRICK.
&
R. T. Wilson
Co.,
the world.
ESTABUSUED
BROAD
Co.,
&
Brothers
on the Stock Exchange.
Negotlnte Rallwaj, State and Cltj Loans and
laano Commercial Credits avallabJe In all parte ot
Co.,
Commission Stock Brokers,
BANKERB,
Shoe*
l.'-n'lon.
Corporations, Anns and Indlrlduals, npon faror.
able terms; also ordera for the purchase and
sale of Bonds, Shares, Ac, &c., on Commission
Chicago marks' s.
BANKERS,
S.
'if
Solicit accounts and agencies of Banks, Rnllwara
BROAD STREET, NETT VORK.
John
Nullnnnl
V(.rl<.
l.'nlon liHrilt
L.ONDON, ENGLAND,
New York,
Rolston & Bass,
20
I^mdon.
;
Blake
Co.,
Uembers New York and Chicago Stock Exchange
also
tSOO.OOIi.
N. Y.
'^oxtiQVL Sanlietrs.
BROKKRS,
BVILDIKO, Boom 7, Srcond Storv.
STOCKS, BONDS, GRAIN AND PROVISIONS
knuKhtand
....
B. LlN'HI.I.V.
Special.
it ILLS
exchange.
Interest allowed on dally balanoea.
All depoalta subject to check at alsht.
Particular attention to ordera br maU or telecnph
WALSTOX U. BKOWN.
UUKBKRT
Ja.x.
Hnnk
l.e)ither
T.ANsrwo C. WAKnntni!*.
stock Kxchanee
Turner
C.
NBW YOBK,
ST.,
TtlRNin,
Buffalo,
of
.
This bank haa soperlnr facilities for making cr>'leotlons on nil accessible [K)intB In the Unitod
States, Canada and Europe. Liberal terms ext<;nded
to accounts of bankers and merch'inf <«.
.Monilicf N. Y.
Memb. N.Y. Stock Kxch.
.
CuKUKMPONDKNTS.— New
Intaraat allowed on deposit! nDJeet to sight draft.
C. B. OAT.nwii.u
CBA8. J. TOW.NSkND.
v'rrT,V.Pfe«
tiler.
'
BUFFALO,
dealt In at the
o. n. T.-nuiLiini.
Geo. K.
CAPITAL,
Tranaaot a general Banking Bnilnua, Including th*
Purehara
M.lKWl'
Wm.i.ia:.!
Bank
AND BROKBRS.
BANKKIIB
NEW YORK.
TKANSAnTaUKMKKAL HANKINO
recelTod anil
SIKUMAV
TOWKSENO
BANKERS.
DKPOSITa
IJauTis** Jlcxu "ITovTi *tatc.
CALDWEM., WASHBURN &
Holt,
Na. in WAI.I. F«TKEKT.
iii
BANKKUS,
UNITED BANK BUILDING,
Wall
STOCKS,
Street,
Corner Broadwajr.
noyna* ooMitssoiAL
ItckcrTC
Fund,
-
-
•
Transact a general banking boalaeei. Iseoe Cta»>
merdal credits und TttnHnf Ezchanf., available In all
Td ordera for BoBd%
pnrts of the w.r"
'
i-aper.
and tonds bought and eoM on eommlasi'in at
York sto^k Kicha.-we. AdTuoosmade on bust-
St<ocks, etc.,
"t
e:i
8t'~'Cks
New
oesa papir and other secutitlt*.
-
«e,ooo,ooo
1, £00,000
•
350,000
P.N, LtLlENi-UAL,
Ualiltit.
favorable t«nu
;
THE CHRONICLE.
©atra^iatx 'g^uU&vs.
The City Bank,
Merchants Bank
Bank of Deposit,
OF CANADA.
S4 Devonshire & 20 Water StB.,cor.opp.P,o
LONDOIV, £NOL.ANI>.
Anthorized Cnvltal
*}'2SS'S22
'}'S22'222
1,000,090
£500,000.
ReHi-ive Fund,
HEAD OFFICK. TflREADNEEDLE ST.
Subscribed Capital,
....--
Pald-Up Capital,
BUASCBES:
Bond
Street,
Ludgate
Tottenham Court Road
I
IPaddtnjfton.
Hill.
AldKttt«,
KnlKhtsbrldge,
Holborn,
Old Street,
London.
the general bnitne«B
conducting
The Bank^whlle
of London Bankers, gives special attention to the
Banks.
AJienCT
^' •" ol Foreign andA.Colonial
G. KENNEDY. Manil«*r
$1,160,000
change, Cable Transfers, issues Credits available in
all parts of the world, makes collections in Canada
and elsewhere, and issues Drafts payable at any of
the offices of the^bank In Canada. Every description
of foreign banking business undertaken.
BANKING COBPOKATION.
CAPITAL (pald-np)
BKSKRVE FUND
BONO KONQ.
The Corporation grant Drafts, Issue Letters of
Credit for use of Travelers, and negcitlute or collect
Bills payable at Bombay, Ca.cutta, Singapore, Paigon
Manila, llong Kong, Koochow, Amoy, Nlngpo,
Bbanghal. Hankow. Yokohama, Hlogo, San Francisco
and London.
TOWNSEX0,
Aitent.
&
Narr
47 William
AGENCY OF THE
Wuthmann &
ARents.
\
{tm
^iifllaiiil
Dealers In Governnaent, State. County, Munkdptl
Execute orders la all SKCtfRlisted at the New Yorlc and Philadelphia
Stock ExchaogeB by FrJTate
ire.
and Railroad Bonds.
ITIKS
F BMITHI-RS, President.
W. J. BUCHANAN, QeneraJ Managei
^miktx&.
BANKERS AND BROKERS,
Sc
YORK OFFIUE,
61 IVAIiI, STREET.
WALTIK WATSON, {AKenis.
I,..,.
ALKX'KLANO,
)
Estabrook
No.
134
MEMBERS OF THE NEW YORK AND
London
In,
&
HOWL.\ND, Pres't.
-
-
-
*1, 600,000
$678,000
D. B.
WILKIE,
Cashier
HEAD OFFICE, TORONTO.
BRAXCnES:
Port Colbome, St. Thomas, IngersoU
Welland, Fergus, Woodstock, Winnipeg, Man.,
Brandon.
Dealers In American Currency & Sterling Exchange.
Agents In New York:
London
Agents In
Bt. Catharines,
:
I
Promptest attention paid to coUeotions payable In
any part of Canada.
Approved Canadian business paper discounted at
the Head Office on reasonable terms, and proceeds
remitted by draft on New York.
&
SWIET
i,
Wilbour, Jackson
Coramer
Olal BUfa and Cauadlaa KuDds on all points In Canada
American and Htf^rliiiK Exchange, and Stocks^ Bonds.
etCM^outtht nnd sold.
Correspondents— Bank of New York, New Tovki
aoA AlUiuioe BoolL, Loodoo.
(rtven to Collect.ion of
sell all classes
Securities.
of
Western PennsylvaiUi
Correspendenoe
solicited.
PHILADEIiPHIA.
& Co.,
'gvLltimovt §mxh6vs.
TVEYBOS8ET STREET,
PROVIDE3VCE, R.
I.
Dealers in Commercial Paper, Government and
other aist-clKss Bonds and Securities and Foreign
Exchange.
Private Telegraph Wire to
„
hew „
York and Boston,
.
No. 4 ExcUange Place, Room
No.
4,
OF BOSTON STOCK EXCHANGE.
&
BAN
No. 60
INDICATORS AND TELEPH ONE IN OFFICB.
Wilson, Colston
Jackson
&
Co.,
BANKERS AND BROKERS,
BAIITIMOBE.
INVESTMENT
and
SOUTHERN
SECUBITIBS
>
^,
('orrespondence soUolted and Information nunlsbed.
. „
N. Y. Correspondents— McKlm Brothers A Co.
.
Robert Garrett
T
&
Sons,
BANKERS,
SOUTH STREETi
BAL,TlIlIORi:,
TRANSACT A GE.N'ERAL DOMESTIC AHD
FOREIGN BANKING BUSINESS.
.
&
^onihcvn
Co.,
BANKERS.
niII>DI.ETOWN, CONN.,
Government, State, Municipal and
Railroad Bonds and Stocks. Investments for Savings Banks a speotaltr. Callectlona made.
sell
Special attention given to the negotiation of Fo^
eign Bills of Exchange, Collateral Loans and Coo.
merclal Paper.
„...«.
No.
BOSTOIV.
Buy and
TV. Corner Cieriman &. South St».,
BAIiTIMOBE, SU.
P.O.Box 397.
S.
,
DEVONSHIRE STREET,
E.
Oliyer. C.A.albbbit.
Middendorf, Oliver & Co.
Stackpole,
KEBS
B.
Members Baltimore Stock Exchange.
specialty.
BOSTON, mASS.
Parker
W. Midden DOKF, W.
,
Samuel G. Studley,
COMMISSION STOCK BROKER,
MEM BE
J.
BANKERS AND BROKERS,
BANKKIIS AND BROKEBS
Buchan,
TORONTO, CAMAI>A.
Co.,
Co.),
Chables H. Sheldon, Jr.
Joshua Wilboitr,
BSNJAUTN a. JACKSOK, WllLIAM BIKNEY, JB.
BANKERS AND STOCK BROKERS, C.
Prompt attention
Bur aad
Dealers in MuniclpaL State and KaUroad Bond*.
I
BOSANQnET, Salt * Co., Bank of Montreai,,
60 Wall Street.
73 Lombard street.
Gzowski
Co.,
&
BROKERS,
PITTSBURG, PA.,
STATE STBEET,
BOSTON, MASS.
No, 9 BIrcliln Lane.
CAPITAL (paid up),
SCRPLVS,
SOUTH THIRD STREET
PIIIL,.4DEL,PHIA.
Geo. B. Hill
No. 40
S2
Office,
Co.
A. P. Turner & Co.,
AND BROKERS,
BANKERS
BROKERS,
BANKERS AND
No. 207 WAI.NUT PLACE,
(Fonnerly CHAB. A.
Chicago and throughout the
Imperial Bank of Canada.
S.
Dupee
Perkins,
ROBEIIT M. JASSIT.
BANKERS AND STOCK BROKERS,
BOSTON.
sell
and make collections
Dominion of Canada.
SHOEMAKER.
M. Shoemaker &
Jos.
.
Sterling Excliange, Francs and Cable
Transfers; grant Commercial and Travelers' Credit?,
available In any part of the world; issue drafts on
Buy and
CHESTNUT STREET,
Orders executed by private wire in New York, Boston and Baltimore.
Drafts issued on all principal points in the Coited
States and Kurope.
Jos. M.
CONGRESS STREET,
35
IfJBW
Noa. 69
W
Gerlach,
&
Narr
ALSO,
SITBPIiUS,
Co.,
WOOD STBEET,
No. 322
Cobb
&
Ho.
$12,000,000, Gold.
50,000, «oId
&
PITTSBIIRO, PA.
Dealer* In nnulcipal. State, Railroad
and United States Bonds.
-
Brothers
BANKERS AND BROKERS,
BOSTON STOCK EXCHANGES.
OAPITAI.,
IS-
PUIIiADELPHIA,
Co.,
Bank of Montreal.
Co.;
IN CAR TUU8TS AND OTHER
VESTMENT SECURITIES.
Rea
BANKERS,
BBEinEN, GEBniANY.
BANKERS,
McTAVISH,
STIKKMAN.
D. A.
Brewster,
STUTTGART, GERMANY.
Clark &
BANKERS,
No. 07
St.
Co.,
Co.,
No. 33 Sonth Third Street, Philadelphia,
STBEET.
also on Canada, British Columbia, San Francisco and
Chicago.
Issued In Pounds Sterling
available In all parts of the world.
Bills collected and other banking business trans-
H.
&
Stocks and Ponds bought and sold on Comalsslen
Buy and sell Sterling Exchange and Cable Transfers. Issue demand drafts on Scotland and Ireland;
acted.
W.
E.
North America,
No. 52 W^ALI.
.
BANKERS.
OF
British
O.N
A. Hawley
F.
DEALERS
Bank
AMERICAIV BACKERS,
E.
i
ClRCUIiAR NOTES
*T>?22-522
4,100,000
OFFICE,
,_.„,,
•*»«'"»•
!
JR.,
T
other investments bought and sold.
Coi^'espondencc invited.
Orders executed at Boston and New Tork Slaek
Exchanges, of which we are members.
No. 61 Wall Street.
JOHN B. HARRIS,
S
Bonds and
BANKERS:
LONDON, BNG.— The Clydesdale Bank (Limited.)
NEW YORK—The Bank of Now Y'ork, N.B.A.
The New York Agency buys and sells Sterling Ex-
HENRY HAGOE,
Shanghai
Esq,
BO
on deposits subject to eheek.
Interest
GEORGE HAOUE, General Manager.
J. H. PLUMMER. Assistant General Manager.
fl 000,000.
Hong Kong &
gttfllatuX
\tyxi
$5,700,000 Paid Tp.
•
ANDREW ALLAN, Esq.
ROBERT ANDERSON,
READ OFFICE, MONXREAIi.
1885.)
Ouaranieu and Reserve Funds, £717,710.
Letters of Credit and Drafts Issued on the 109
kranches of the Bank In the Colonies of Queensland,
TasmaMew South Wales, Victoria. South Australia,
nia and New Zealand. Bills netiotlatert or sent for
Collection. Telegraphic Transfers made. Deposit*
received In London at Interest for fixed periods on
terms which may be a!»certalned at the office.
PUIUBAUX BEI.BY, Seoretarlf
A. M.
•
President,
Vice-President,
London, England
St.,
PAJD-UP CAPITA!,
HEAD
'
Australasia,
(INCORPOUATED
4 Threadneedle
Capital,
Beserye,
New York Agency,
Bank of
H.
lanfcs.
'govtiQVi 'fEfUn'h&vs,
(LIMITED,;
0.
XXXVIU
[Vol.
WM
^nxikeTcs.
C. COUHTSEY. Pres. I5BNK8TH.PnINOLk,C»»ll
BAKK OF CHARLESTON,
assuciatios
NATIONAL Basking
CHARLESTON, S. C.
BrsciAL Atientiok oive.v to Couutonow.
(
,
Mabcu
1884.
8,
THE CUllONIGLE.
J
S^onthevn Sanlurs.
ji^jejcinl
%nve8tvxtntB.
jfpeciKX %nvitatmentB.
&
Co., Geo. H. Prentiss & Co.,
No. 11 WALL ST., NEW YORK,
noniLK, ALAHAinA.
Thos. P. Miller
BANKKKS,
in
imlil l<> <Mllocllnn», with prompt
rrent mti's of oxcbnnire on i*I ot
tij lull .sinioof Alabama and City
nm\'tmy
of M
•
I'.i
'
>m 8i«t« of
linnk,
I
OF
CAPITAL,
w
OAS STOCUii
HOUSTON,
Texas.
ooUeotlons on
attention to
t1
all
AND
Mel
BROOKLYN SECURITIES
BBNJ. A. BOTTS.Prea't
'
I
W.
T. HUACKWk
l*rosldont.
The
P. A. WTLitr,
Caablor.
Durham,
Bank, of
DE.AI.T IN.
BBE GAS QUOTATIONS Ut TEUB PAPBH.
axo. H. Paumss,
w. w. walsb
Member N.
W.
oiritHAn, N. c,
WIUi ample means, and facilities excelled b7 no
Bank In the State. Inrltes correspondence and pays
B. B. BuaBcrsa, Prest.
Walkxb,
Cashier
Bank,
First National
made on
MERCHANTS' NATIONAL BANK,
Klf'U.HOND, VIRGINIA.
Collections
made on
all
terms; prompt returnfl.
JOHM
Southern points on best
P. BRANCH, President.
FRKi). K. SCOTT. Vlce-Pres't
Omns. Cash.
A. CO.,
BAJiKEBS AN-D COMJllSSION MERCHANTS
RIOIt.lIOISD, VIKtilNIA.
"."•-
the Kundlng Act
per cent commis<.r cent bonds, secured
ill
the North Carolina
w.r
I
.f.
Bank .1. P. Sm th. Mayor of Fort Worth, and
of the banking Hrm of Tldball, Van Zandt A Co.; J.
D. Reed, Kanclimun, and Director In First National
Brtuk; W. A. llurnniin, .ioaler In A»frl< ultiiral Implements; Sfdnrv Miirtin. of Martin-Brown Co..
Wholesale Dry <;oods \V. J. Morphy. Cattle Dealer ;
(icorKo B. I>ovln»r. -M:in;i;,'er IxivInK I'uhlishlng Co.;
J. K. Evana, Kanchniaii and Caltlo Dealer.
;
Investors,
•
DEARBORN STREET,
CBICAGO, ILI..
Flagg,
entire Issues receives special atten*
Write as If Ton wish to buy or sell.
THE
Texas Land
&
Mortgage
OOMI'AW LIMITED,
(OF LONDON, ENGLAND),
TrMisaot a general Financial and Agency Business In
the State of Texas and Surope.
New Tork Correspondents: C. E. WBLLBSLET,
Blakk Broh. & Co.,
Oeneral Manaser,
Wall Street.
AND OTHER
INTESTMENT SECURITIES.
P.
inORUAN, Cieuoral AKent,
CUSTOM HOUSE ST., PROVIDENCB,
JARVIS, GONKLIN &
KANSAS
R.
I.,
Dallas. Texas,
SWEET.
CITT.
IN
Write roB
circular.
TIIE
HELENA, in. T.
UNITED STATES DEPOSITORY.
QAS, INSURANCE, BANK, CITY
.
CO. STOCKS.
Send (or list iiubliabod Mondays.
WINTKINGIIAKi,
P.
J.
3« PINK STRKKT,
Co.,
RAILROAD
AND TRUST
WESTERN
Farm Mortgage
Cib(iui.ak.
FOR SALE:
Sec.
tho oldest and InrRest Institution In Kansas,
exclusive attention to tho Ne^otlatlnK or
CHOICE FIKST M01tl(i AGE LOANS nt hich nitps
Of Interest. It has luvntiiitod over S<>.0OU,000
of these loans for Savin;;.s Banlts, Insuriuice Companies, Estates and private parties East, tiendfor
Is
(TlTlnK
N. T.
LAWRENCE, KANSAS,
N.
Y.
Beers, Jr.,
market
MORTGAGE LOANS UPON IMPROVED Brooklyn Securities, City
Interest and principal paid on duv of maGas Stocks, dee..
Now York. Funds promptly placed. I,an;e
Offers to Investors the best securities In the
riRST
Bond*
FARMS.
turity In
sxpertenee.
Montana National Bank,
GEO. M. NOBLE,
Pres.
Co.,
BROKERS
MORTOACE LOANS.
CO., ferokera,
THE
Kansas Loan & Trust Co,
T. B.
&
Francis Smith
Indianapolis, Ind., Yicksbnrg, Mis;
And 31 Poultry, London.
TOPEKA, KAN.
Town, Sihool,
und Car Trust Bought and Sold.
State, Counlj, Cltr.
The funding of
I
&
WriLLIAm ST R]B E T,
RAILIVAY BONDS
SECURITY ABSOLUTE.
NO. 3
5 2
BROKERS AXD DEALERS
est net to Investors.
H.
No. 176
tlon.
Reed
No.
Attention!
For particulars and references address
N. W. Harris & Co.,
INVESTKIEIVT BANKERS,
,
Intimate knowledfco of all for past fifteen year*,
Information cheerfully Riven. Investors or dealeM
buy or sell are Invited to commanlcat«
All stocks dealt In at New York Stock Sxofaa&jte carried on maTElns.
First mnrtKiLKo on improved proiierty in Kansas
City, and Kood farms in Kitnsiis and Ml«sonrl, worth
from throe to five time:* the uraount of the loan.
Mljestrcn ^mxkuxs.
'Rn'M'nC!
DV_f 1>I UO,
BROAD STREET, NEW YORK
wlshlnsr to
$200 to $20,000.
Seren Per Cent Seiiii-.\ninial Inter-
H
si
i'^
&c.
DmECTons.-A. M. BrittoQ, President City NaBank; W.
Bom, President Traders' Na-
tlonul
tional
THOMAS BRANCH
Vlruini..
20
Railroad Seenrities a Specialty.
;
JOUN
P.
ALL KINDS OF
Paid-up Capital,:?100.000. Surplas,$50,000
parts ot the United Stat es.
all
IN'
Indianapolis Stock.
Fred. H. Smith,
STOCK AND BOND BROKER,
LIVE STOCK, KANCH PROPERTIES,
SEtl RITIES,
«'iL:niN€iTON, n. c.
Colleotlona
Vlco-Pres'ts
LIMITED,
DEALKHS
A
Mexican (Corliss) Bonds.
Grand Rapids A Indiana Bonds and Btopk.
!
OF FORT WORTH, TEXAS,
A. K.
.
Roma Watertown & OxdensburK Ista and Sdi.
Oswefco A Rome Bonds.
Jollot A Northern Indiana Bonds.
Terro llaure
J. P. Smith,
J. I). Rekd,
Texas Investment Co.,
special attention to collections.
Stock*, Innurance Stockf,
8 dc 10 PINE STREET.
Bonditand InvcNtmcnt Sccuritiot
W^ A N T E D<
Y. Stock Exahaase.
Moiipiiv. I'res'tGko. B. Lovi.so, Sec'y.
J.
STOCKS,
Albert E. Hachfield,
i
a.
'
Bank
KINDS Ot
ALI<
STOCKS,
CO.'S
TELEGRAPH
Bonds
Railroad Stocks and
Street
Pren't; F. A.Rloe,
ttutle, liob't Brewster. 8.K.
''
TRUST
OA8 SECURITIES,
njnmln A. Botta,
I'. <'
UROOKLYN.
a08 niONTAGi;E ST.,
aoo1)1
a
DIAI.IB
New York
NawOrlunJi
1(500,000,
Houston,
NASSAO STREET,
21
CITY RAILWAY STOCKS
AITD
Bank
THE CITY HANK
No.
No losses. Send for circular, reference*
F.M. PERKINS. Prosldent: J. T.
and sample forms.
WABNB, Vlee-Pre»t.!
L.
H. I'KllKi.ss. Secretary.
.V. K. IIAUT. Auditor
No.
CHAS. W. QILIilCTT. Trees.
No
1
NEW STREET,
NEW
YET
Risk; A SoUd lOPerCt.
RAPID ACCVJaVLATION.
YORK.
H.,L. Grant,
No. 145 RROADWTAY,
CaplUl,
CAN HANDLE SUMS LARGE OR SMALL.
$250,000
NEW YORK
K. Jl, BBOASIfATKK, Prest. A. a. CLABKI,y.-Preat. Solid as English Consols or U. S. Boud8
B, Sharps, Cashier.
CITY
RAILROAD
STOCKS & BONDS
For Circular Address the
W. Thor.'»to», Cash
tiior:kto.\ jk soi\,
Thos. M. Thoiisto.v.
w.
F.
vru.
(Established 1SS9J
.BANKERS AND BROKERS,
HHELBYVILLE, ILLINOIS.
made In 8helby and adjoining Counties
'!- rpniMT^d on Day of Payment.
'"- *
Tinl Bank of Commeroe,New
"'<
ir
I
•
Hank, Cincinnati. Third
Traders' Bank, Chicago
•
malls.
>'
KSTABL.1SHED
4c
CO.,
OLIVK STUKKT, ST. I.OUIS.
Dcalrra In "nVatern Secorltle*.
808
I''*'
•oiirl
'
'
:..
Kansas and
Illinois
nt Securities, paying
'
;
I.
i.r"
.
i
-i
.1
'..."".','!,
Wall
^"S.*-
St.;
n St. Louis,
JAOKSOXVILLB,
In Sams of $100 and Unirards on Indiana and Oliio Lands.
NOTHING SAFER. ALWAYS" PROMPTLY PAID
BEND FOR PAMPULET.
JOS. A. IHOORE,
84 Eaat market St., Indianapolis, Ind.
E.
S.
7
Bailey,
PINE STREET.
SOLD.
Bee quotations of City Railroads In this caper.
Jtwctiott jiales.
STOCKS
and
BONDS
At Auction.
The Underslfcned hold BEQULAB ACCTIOK
BALES
of all classes ot
STOCKS AND BONDS
DIAL1N08 IN
a
from
^^ permission, Clark
A Foote, li Wall at.
llatcn
Banks genenuty.
ILL.
Farm Mortgages
1871.
HEL,EIIER
P. F.
BOUGHT AND
Central IIlluoU Flnamolal AKencr,
OH
INSURANCE STOCKS
WEDNESDAYS AND SATURDATB.
A SPECIALTY.
ADRIAN H. mULLER & SON
Cash paid at once for ti>e above securities ; or tb«
vUl be sold OD oonunlsslou at loUef opuoo.
No. 7
PINE STREET,
NEW YORK.
THE CHRONICLE
1
%n5\xKmxct.
MUTUAL
UNION MAIXE.
OF
The Result of the Special Exnmination
I»y
Five State Commissionci-s.
A STRONG
REPORT.
Com miaslonors— those of
Maine. New Hamiishire, Illinois, New York anil
The
flTO Iiisiiranre
Oliio— -who liavo been forseveral ivoc-lis engaffcd
In making a thorough exaniiiiatioii of the atlairs
of the Union Jliitiial I>ifi Iusur<incc Company
of Maine, have completed their work and jmhThey pronounce tho
re;>ort.
lished their
company to be "safe and solvent iinderthelaws
of nnv State in the Union." Following in tho
full text of the report:
We, the nndor.stgnod Commissioner.'} and Superintendents of Inourancc, having made an
exhaustive examination into tho condition and
BffiUrs of tho Union Mutual I-ite luauranco
Company of .Maine, certify as follows:
That in and after 1873, tho company was in
possession of a large amount of loans upon real
estate situated in various States. A very cousidirahle part of this it was ohiged to foreelo83
and buy in for the protection of its intcreus.
In 1876 it was found iioeessary to reduce the
10.
'lUc total expenses of
Bianagement
tho comp.auy iu 187(i wore $li.i4,108 45- and in
the year 1 883 they were $200,'j07 07. Wc tt-id
that llio gro.ss anlaiies to olliccrs and c-:aco einp'oyes paid in 1S76 were $T2,'?00 8,'', and for
18i3 $11,971 01. Trior to August Ist, 1876,
tlio yearlv salaries paid to officers al>;ne were
$;8,000." In 1883 they were $21,500. A large
part of the expenses has been incurred by
rea.son of the care of the expensive real estate
owned, upon which considerable improvements
incliidinganexact calculation of its rc-insnrinco
reserve, deferred and outstanding preminnis,
and other items of assets and liabiiities. The
securities and accounts have been counted and
audited quarterly by a committee of the direct-
can
table.
Tho eoiupany commenced busineas 111819.
that peifod to date it haa paid to policyholders eyery legal obliir.'itiou licumbeut upon
it to the amount of !ii20,Ui4,<^01, and has received from policy-holders $2':, 501 .017. .and
From
has
now oa hand
tor policy-holders $6,232,-
17,004 20
ments not due
Death losses and other policy
32,980 93
claims resi.sted
in
execssof
net value of policies
Unpaid divid'ds to
87 00
10,748 84
poiicy-hoid'rs
Other it.abUities, viz Preiniuu.s
paid iu advance, $.','i8r 89;
contingent reserve, $927 00;
unpreseuted bills $3,000 03.-.
;
'/J^l
"
_ ""
8,614 89
Total li.abililles on policy-holders' account
$.3,844,771 00
Surniusou policv-liolder..,' acc'nt
357,91^10
by New Y'ork standard, $718,907 27.)
(Surplus
Total
$6,232,681 10
Fehrnary
1.
1884.
OUAMANDEL
SMITH,
Insurance Commissioner of Maine.
OLIVER PIMJJBUUY,
New Hampshire
Insurance Commissioner of
CHAS.
SWIGERT,
A.
& ex-oflleio Insurance Com'r of Illluol«.
MICHAEL SHANNON,
Deputy Sup.irintendent N. Y. lusuranco Dop't.
CHARLES H. MOORE.
Auditor
Superintendent of Insurance of Ohio.
ANNUAI. iniSETING OF THE
THE
JtstooichoUleraof tho DKXVER
KIO GK.\NI>B
it
KAIIAVAY COMTANV
will be held iU, the iH-im-lpal
of the conipiiny, sit tJonvor. Coloriirlo, on Monday, the seventh dity uf Aiirtl. 1W84, ut twelve o'uiock,
imon, for the election of three Trii.steoti. and for the
transaction of such other business as may come
before the mectliiK.
The transfer books of tho company will cln<icon
the IHtli day of March, inst., and renuiin io-ed
until three days after the Mnal adjournmeut of tlie
meotlns.
cifliee
«
Dated March
8,
18&4.
WM. WAGNER. Secretary.
NOllTM^VKSTEBN
PHIOAGO
Sc
VJKAII.WAV COMPANY, 52 Wam.
NkW
St.,
YOHK. Kebrnnrv
Company
March
March
1884.— A iiuartcrlv dividend of
20,
TWO PKK CKNT
on the Preferred
titoclt
if
this
will bo paid at this ollioe on Mon(lar»
Transfer books close March 8 and re-open
24.
M.
lS-4.
2*5,
OT
L.
SYKK.^
Treasurer.
C E.
IV
I
Notice is hereby given that the American ETchanjre
NationalBank of New Vtirk has been declared the
Unancial Ajjent of tho City of St. Paul, and ut
holders of bonds or coupons of the City of St. I'au!
are liereby requested to jirosent such coupons or
bonds at the American ExchanKO National Bank for
payment whenever due.
(Sitrned)
THOS. A. PUENDElUiAST.
January
Citv Clerk.
St. Paul, Mlnnosolft
10, 1884.
'giumtci^h
pronouncing the
company to be safe an<l solvent under the laws
of any .State in the Union, .and th.at, with the
s.ame degree of skill and Intesrity with which
Car Trust Bonds.
WE MAKE A
SPECIALTSr OF THESE VKRI
8AFK SECUHITIES. AND BUY AND SELL SAMB
AT MARKET PRICE.
WE OFFER A LIMITED AMOUNT OF IlESIB
ABLE GkAR TRUST ISSUES, ADDITIONALLY
SECURED BY TUB DIRECT OBLIGATIO.N OF
THE RAILROAD E QUIP MENT COMPAMY.
company are being managed,
undoubtedly meet every obligation which
assumed. On December 31, 18-3. npcui
the basis of the 4 per cent actuaries' taljle of
inortality,it h.as a surplus of $387,913 10; upon
the basis of the American table, with -liu per
cent interest, $718,907 27
Both of these
staudaids aio highly technical and conservative. They make no allowance for the margins
or loadings upon premiums over the iiot rates,
nor for tho gain which arises from the lai>se
and surrender of policies.
the affairs of the
it will
it has
POST,
MARTIN &
CO.,
PINE STREET.
No. 34
TO HOliDEBS OF DEFAUIiTED
FINANCIAL fiTATEMEST, DECE.MBER 31, 1883.
Appraised value of real estate.. .$1,817,023 30
LonnsonboudA mort. (llrst liens) 1,472,319 69
Collateral loans
141,.=;i0 00
3,4.S2 75
Loans on policies
Premium notes
764,071 00
Bonds and stocks (market value) 1,705,180 92
57 38
Cash in ollico
Cash in banks
63,838 19
3,043 74
Bills receivable
BONDS.
The underalEoed
holders of
all
invttes
correspondence
WKSTKRN DEFAULTED OK
with
KK-
PUDlATEl) BONDS
of Cities, (\>uiities, Tnwiisliil'S
or School Districts. Will purchase at best r^ites.
Give full description and address
T. i.
OHKAT, JK.,
^tncer Tnuk.
St.
Joseph, Mo.
Gu. F.
Peaittfy.
&
1,218 00
Spencer Trask
Bankers,
287 .''lO
158,314 77
2,89108
111,077 11
70 Broadway,
New York
Co.,
City.
$6,274,351 52
Total
Transact a General Banking Businea
UNADMITTED ASSETS.
,Iudgn!ent
$1,218 09
Bills receivable.3,043 74
287 58
Agents' balauCi'B
Berkshire Glass Co. st'k 7,400 00
Cash due from Indian54102
apolis Bulking Co...
Amount
of mortgagi 8
In excess of valiiat'n. 19,071
80
2d mortg's.. $J,882 43
Advances...
23,90953
Preininm obligations
in
Agents' ledger b.alances
Interest due and accrued
Rents due and accrued
Uncollected and deferred premiluus (less loading 20 per cent).-
$11,667 42
Death losses and matured eudowmonts due and unjiaid
Deatli losses and matured endow-
oaih.
Judgment
25—
LIABILITIES.
In making this examination nothing has been
taken for granted, and every item of assets and
liability has been exhaustively scrutinized. To
accomplish this a force of nine persons was employed, exclusive of apiiraisers of property and
searchcr.s of titles. All ordinary and many extraordinary means of checking the correctness
of our conclusions were employed, and there
can be no reason, ible dtuibt of their accuracy.
All items in the nature of contingent assets,
such as accrued and overdue interest, outstanding and deferred preminnis, and of liabilities,
such as death claims, matured endowments,
outstanding dividends, <te., have been thoroughly iiivestigited.
Premium notes have b(MMi inspected and verified se iatliu, and the policies
upon which they are based ascertained to have
been in force, and the reserves tin reon have
been found suthcient to sus'aiu tho loan. Receipts and disbursements have been fully examined to ascertain the correctness of the
various accounts. Every courtesy and facility
has btcn extended freely by the company, its
ortlccrs and clerks, .and all answers to questions
put by us have been .made by tho olBcers under
have no hesitation
4,556
Reinsurance reserve (1 per ct.). $3, 751, 525 56
Rc-insuranco reserve (New York
standard, -m per cent inteiesl,
$5,42H,531 39.)
ors.
Wo
.$157 87
.
$0,232,68-110
have been made.
ors.
I
cess of to:eclosure..
Mortgages ouleasehold
The gross interest and rent receipts are in
excess of the amount required upnn there-insurance reserves according to the leg.al standards of the aevernl Sta'es. The mortality experienced is less than th.»t provided for by the
tables upon which the premiums have been calculated, and indicate that tho risks ha^'e been
well selected. The premium receipts show a
margin or loading upon tlie gross amonnt. above
that retiuired by a net valuation, of 21 per cent.
This is about the usual percent:ige exacted by
conservative life insuianee companies.
From 1877 the feurplus of the eomnany has
steadily increased, notwithstanding that each
year the dividend to policy-holders has been
augmented, and that the disbursements have
frequently exceeded the income. This is partially due to the fact already stated, that real
estate haa increased in value, and that the disbursements havejeduccd liabilities to a greater
extent tlian the shm ex]»ended; and the further
fact that there is a considerable gain in every
life insurance company from the discontinuance of policios,— all of wliich, cannot ai>pear
in the ordinary accounts of receipts and disbursements A large part ot these disbursements have been made In paying oft' and discounting maturing endowments. An unusual
propcu'tiou of the company's business was
written upon endowment polities.
The books have been found in admirable cor.dition, and the system, snch as by reason of
checks and counter checks to reduce the chances
of error to auiinimum, and to place an individual respoiisioility upon each department. It
has been the habit of the company to make a
statement of itsaffaii'aat tlieeml of each month,
with the date of annual statement made to In.Burance Departments.
We have caused a careful reappraisMnent of
all the real estate owned or loaned upon by the
company, by independent persons thoroiighl:,acquaiutad therewith, and residing in the vicinity, selected as far as practicable by the Insurjincj Departments of the several States in which
the property is located. Toe abstract of titles
have been examined by attorneys appointed by
the departments of INIaine, New Yi'rk and Ohio,
seveially. and by attorneys In Chicago. The
greater "part of the outstanding mortgages arc
uiuni real estate sold by tho earapany for rart
cash, and annual and semi-annual instalments
for Ilio alance. The payment of these instalments increases the security from year to year.
Tho overdue interest and rents of tho company
are small, with the exception of the sum accrued
upon a single mortgage of large amount, which
has been in litigation for several yours. Agents'
balances are very small, showing that the company has its agency system well in hand. Bonds
are exacted for the faithf il perform:iiices of
dutv, and agents are retpiiredto deposit their
collV<'tions daily to the order of the company, in
banks designated for that purpose. The amount
of liens upon future premiums, as for eomniissionon outstanding business, is (luite moderate.
The bonds and stocks owned and loaned upon
have been inspected, and found to be in possession of the company, with the exception of
bonds to tho amount of i}il50,0'.>0 deposited
witli the Government of Canada, $100,000 deposited with the Treasurer of tho State of
Maine, find $10,000 with the Treasurer of the
Slate of Virginia, certificates of which deposits
have been seemed from the several olllcers
having custody of the same. In every instance
it was found that the company had paid for said
bonds and had absolute ownership thereof. It
is worthy of remark that there are no defaulting securilieg in the entire list. The cash
claimed to be in the company's ofllce and deposited in banks was found as represented. Tne
registers of policies issued by the company and
policies clabncd to have ceased have been carefully Inrinired into and checked from its organization to date and found to bo correct. The
policios outstar.ding have been valued seriatim,
both upon tho basis of tho 4 per cent actuaries'
table of mortality and tho i^a per cent Ameri-
Past due interest on
mortgages u'-tin pro-
of
former appraisements upon its real eataie,
in Older to confoini to the then values of pro|)erty. and to throw out worthless assets, which
hail long been cairied upon Ita books. On December 31, IS 70. the Hon. Joshna Nye, Insurance Commissioner of Maine, and tho Hon
Stephen H. Khi>des, losnraneo Commis.sioncr
of Massachusi t a, made an e: a nination of said
company, and found it to ho solvent upon the
saverest basis of mortality and interest asstuned
by any State laws, as per their rei ort dated
March ^, 1S77. At the end of 1 877 the assets
were still further marked down upon the books
of the eomp >ny by order of the Board of Direct-
From that time the property of the corapan.v lias increased steadily in value and procluctivenp.ss. Much of this real estate has been
sold at advantageous prices, and turned into
marketable securities. In the report for Dec.
31,1870. tho company was possessed of real
estate amounting to :f i,'i6.s99 30. In 1877 this
had increased to $1.227.93177. In 1878 to
In 1 879 to *2.2G8,H28 52, and
i«l.034,800 70.
in 1880 to $2,470,0C'3 41, by reason of the foreclosure of mortgages made prior to July, 1 870,
through which tho company obtalned'title to
the properly. After thij this item decreased to
the amount found by us in the statement herewith submitted, by reason of the sales of said
property. In making our examination, we have
selected December 31, 1883, for tho purpose of
a financial statement, as being the most convenient on acco;iuto( its corresponding with the
close nf the fiscal year of the compaiiy, and
xxxvm.
lusuviiwce.
^tttsuvmice.
£81
THE
rvoL.
1,308
75—5,19118
i
Branch OFRCEa
Cenmcted by private tuiret,
Philadklphu, 132 S. Third St., Q. F. Put
AUANY, N. v., 65 State St„ W. A. Crava
Providenck, R, I., 13 Westminster St.
Saratoga. K. Y. Grand Uotin Hotel.
ttmtk
HUNT'S MERCHANTS' MAGAZINE,
BEPI-ESEyTINQJ-H E INDUSTRIAL
VOL.
AND COMMERCIAL INTERESTS OP THE UNITED 8TATE3
SATURDAY, MARCH
38.
C ONT E NT
8.
I1..111
A
l>||"'ii
(JuiMl TiiKlo stHtiMiieut.
Oyilalllltc
t'"lt(iii
liiii.l
iiir
li,
^71
ill
'
.
Kiiul.vriii
273
277
278
(Liisiiiinnlou and Over'Moviniunt to March 1. 27!)
i.t stutouifiut
forl-'pbni-
'"> li^4
2SI
.
ment
iMiporls und Exports for Janiiaiv. and for tlie Seven and
Forcifrn
Ex-
»'y
StOi-Ks
ih
Prk'fB'it'the N.
etoek E .vchaugo
and
Nowd
i;<innncrclal
News
y".
287
281
aud Miscellaneous
282
284
Congress
by the
and not expressly withheld from
be implied as conferred
(,'onstitution, are to
wholly ignoring the limitation in another section
which
Bonds 2^8
2S9 provides that the powers not
specifically grantedare reserved
l-ocal Soourltli-s
Railroad Earnings and Bank
Keturns
290
Invostmenta, and state. City
and Corporation Finances... 201
to the .States or to the people.
But
tect
akt>
Fisancial Chboniolb is published in
^""' ^'"'^ e^'^ri/ S'Uurday morning.
o^f—..
....
Entered at the Post Office, Ne w York, y. Y
..
seoond-claas mall matter.]
L
SUBSCRIPTION-PAYABLE IN ADVANCE:
*i n on
*'.
*,io
*^2fS
I-oixlon
(IncludliiK'^stagcr.V.V;;
£2 7".
BIt''.^'«""'''V"'"''" ^
Of;
'i
we
was,
to other civilized nations,
(
Tot CoMMBBcruL
Zfn,*^^Fi)r One
car
judgment reveal?. We are told by it in substance
borrow money" means "to coin money," so that the
granting the power to coin
are to understand, mere surplusage.
With
equal sagacity the opinion slates that all powers belonging
now.
I
976.
provision in the Constitution
money
Commercial
tiAZKTT'E
New York
2tH\
RauKo
lS8t
;il,
EnitUsh
QiiotatioiiHorStocksanrt
ohange. U.S.Secnrllli's, State
anil Railroad Boatli and
231
TwiUvo Months Ended Janu-
Monetary
THK BANKERfe-
Money Market.
that "to
Uniieil Stntns Treasury State-
27-1
csi.f tlio Poiinsylvanlii
NO.
this latest
THE CnRONICLE.
The FInnrolnl situation
llU' I.ilthI lennw Dicinloii
1884.
8,
(inchiaing postage)
Forsixsionths
it
perhaps useless to
is
In some
itself
way
against
dwell upon these matters
the business of the country will pro-
this
innovation.
payment in gold, already held
become the rule in all cases, and
valid,
Contracts
will,
especially if
it
made for
is
any
likely,
disposi-
tion should
be shown to force either paper or silver on the
have gained, through much suffering, a gold
basis for our currency and we mean to
keep it. Our
public.
We
J"".stors- Sauplemcnt. issiiid eve.-}- other
extra chargj to subscribers of the
people fully endorse the action of the
Chamber of Commerce, on Thursday, respecting silver coinage
except in
''*,''°""""'"' ""t" "nlcred stopped by a wrUten
o,C/;'""';/»"'"^','!
'^"« P'")"'"*™ cannot be ?e8pon™bl6 limiting the suspension.
Now let other cities appoint
fur rul,
Mwl,^!',*/''"''''''^'.,''-?'^'^-,.
'"'''"« <"" Po^t-Offlee Money Orders,
"^
A neat .ilo ^nv r ?°'V"'*'''',
13 funiKshoil at50c«nta; postage on the
siuue la io
>>>."««.«
18 similar committees, making the movement a united and
cenf? v!
,^,f^
cents.
Volumcsboundforsiil)scribcrsat$l
00.
?^*'''''*i'I »• DANA * Co., PabllMiers, general one on the part of the commercial classes, and an
XTAM n. DANM.
'J dc
* 81 William .sire
JOU.N o. rtoVD.
79
.street, ytiW YOKK.
FLOYD, ^^V'.t'j^.^^r?,;."*^^
i
(
impulse will be given to the subject in Congress
'
Posr Ori'n K Hux 958.
which
cannot fail to lead to good results. Some have
wondered
momT' ft;'<l"'?„'r'?,'i'lV5.
'"^"'"'""l
Cii" Vm."
1^
"'f,
without
.
.
I.N
1
THE FINANCIAL SITUATION.
why
In trade circles no special progress is to
be noted this
week. The storms which have prevailed
of late have
checked to an extent the distribution of
goods,
oven tha present restricted production
so
little
tion affecting
general interest
bank currency.
is
taken this year in legisla-
One reason
is
that all
the
on the subject now before Congress are conceived
in
so that a good spirit, with the prospect of
being serviceable
bills
for
a
not being fully time at least. But a more
general cause for the prevailing
is a ./air 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
the winter wheat again, and the
prospects for that crop their effort to keep
dealings oa a gold basis.
are better than a yesir ago.
This may be a more importBearing upon bond calls, and therefore upon bank
ant consideration later on, but at
present as the country note contraction,
we have this we^k the Treasury statements
Uas the surpluses of two years* production
on iu hands brought down to March I of
revenue received and surplus
with no buyers, the better condition
now does not give held. The figures of most interest are
those giving the currise to any particular exhilaration.
On the contrary, the rent revenue, as the present volume
'of revenue indicates
tendency at the moment, in both trade
speculative with some accuracy the future
surplus. List month debt recircles, is to exercise great
caution.
duction wassmall because pension requirements
were large,
Perhaps this feeling is partly owing
to the influence, and that is probably
the reason why « disbursing officers'
among the conservative classes, which the legal
tender balances " were increased nearly 5
million dollars in the
decision announced this week has
had.
have com- Treasury statement. If that item had
been the same as
mented upon the decision in another column,
but we 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
7^ instead of 2^ million dolwell as discouraged, those who
have been for so many lars. But, as we 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 as kindly furnished us by the
this power existed in an emergency
like that our civil war Treasury
Department, for February and foF the eight
P°'''^" ''''' ''' mouths
of the present and last fiscal
"^"-"-...nepresen.ana
nscal year.
The January
January
judiaal mind could harbor'""f""?
such cobwebs of sophistry as'flgures were
published in our issue of February 9, page 157
taken.
Still,
is
there
wd
We
SlTtind iTr/t'
.
THE CHRONICLE.
272
0»v«mm<nt
18&3-81.
Bectiptt
1882-83.
For February. Since July
16,757,644 59 134,159,123 68
Ctutonu
Internal reTenue
8,100,838 98
77,406.702 20
2,547,481 24
23,280,489 82
Miscellaneous sources
Total receipts
1,
27,408.018 81 233.826,315 50
For February. Since Jvly
16,198.(>07 12 145,975,897
[Vol.
XXXVIU.
ion that gold
exports will continue, and if the present
3^ per cent minimum rate of discount pf the Bank of
England fails to prevent a drain of gold from that
1.
92
9,280,520 39
95.500,107 85
4,104,749 88
29,812,735 08
2j.S62.177 17 267.403,830 83
The ab.ove shows us that the total revenue during last
month was only a little more than a million dollars less
than the revenue of the same month of 1883, notwithstanding all the tax reductions made by the last Congress. This
institution, the
volume
Bank
will
probably be increased.
The
week shows a gain of bullion
but the rate of exchange at Paris on London has moved
nearer to the point at which gold can be drawn from the
return of the
British
a
of
metropolis
for the
to
the
Continent.
movement become important the
the Bank will not fail to replenish
Should
such
governors
their
of
stock by
drawing a larger supply from this country. We are at the
would be well for our
moment unable to meet a foreign demand, by the shiprepresentatives 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
long time been and still are sitting on our grain and
were actually more than 1^ million dollars in excess of last
provisions, having forgotten that their eggs must addle it
February, notwithstanding the total imports of merchan.
the process is too prolonged.
As to. securities, foreigaers
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
gold and the large movement of this week can be no
year ago, notwithstanding the tariff revision.
As an insurprise to any who have considered the conditions affectstructive statement, we hare prepared the following, showis
a very important fact, which
it
;
ing the total merchandise imports and total customs receipts ing the situation.
The stock market Ijas in no manner this week reflected
months ending Feb. 1 and the average rate
business situation.
It has been in the main strong,
the
of duty (estimated on the total imports) received for two
strength was almost wholly the result of
but
this
years. We cannot include February, as the Bureau of Stamanipulation.
Saturday the bears were compelled to
tistics has not yet issued the trade figures for that month.
cover their short contracts in Lackawanna, which
Seven months ended Seten months ended they had freely sold early in the week on the supImports and diitia.
Jan. 31, 1883.
Jan. 31, 1884.
position that the clique had unloaded part of their hold,
Value of imports
$128,026,909
$389,260,669
ings.
It now seems that the sales of long stock were
Datles collected
130,778,991
117,287,336
30'55 per cent.
Average for geTen mouths
30-13 percent.
largely supplemented by spaculative 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
imports, would be about 30^ per cent, against about 30^ cash stock up to 9 per cent before the close of that day
per cent for the same time last year.
Had we taken Jan- This naturally affected the market Monday, and, besides
uary alone, the difference would be still smaller; and if as rumors were current that other oversold properties
we had the imports for February, so as to mike a similar would be 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
All the foregoing is simply cumulative evidence, tending heavy tone prevailed. Wednesday the market was generin 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 towaids lower values
check the energies of the people than by excessive taxation was more pronounced than on the precsding days.
furthermore, debt reduction and bond redemption are
The speculators for a decline are evidently to a large
for the seven
•
clearly undesirable
its
own way,
now.
All these are influences, each in
helping to unsettle confidence.
For
instance,
extent demoralized
tained.
by the losses they have recently
The general conditions favor
sus-
their side, except
we have explained on the important fact that the market is greatly oversold and
no importance in itself, if occurring that the other party hold the stocks and seem well prepared
in obedience to trade requirements. The significance of the to resist any attempt to force serious declines. ProfessionmOTement 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 the pasi
week which have absorbed most attention.
As to the month. Still, prices of the best properties are not high,
rates of exchange, they have contioued to rule strong and under ordinary conditions, if sustained, public confiand to be maintained at figures which afford a fair profit dence might be gained and some outside support be obfor the export of gold
consequently bankers who are tained.
One rather unfavorable development of the
obliged to remit are sending more or less by every week was the statement by Mr. Roberts, the President
steamer.
The exports thus far reported this week are of the Pennsylvania Railroad, that unless more efiSoacious
$2,000,1)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-day, will take $4,850,000 more, making for the Pennsylvania road will be promoted by a further coatinuweek the large total of $7,050,000.
ance of the trunk-line pool. The report of that company
The most conservative of the foreign bankers are of opin- shows that out of 21,674,160 tons of individual freight
a few millions of gold shipped, as
previous occasions,
is
of
j
M
March
THE CHRONICLR
IS&t.]
8,
tronsporled on the main line and branches of the
tons, or less than
only 1,937,850
last year,
was through
Under
freight.
^82 to $2,066,682 in
r^
10 per cont,
circumstances
these
it
withdraw from the arrangement unless
inclined to
made
eScctire and leave the through business
can
it
to
be
carried by those routes which feel compelled, in order to
get
that this threatened disruption of the pool
has been one cause for the comparative weakness of
during the
few day?,
last
Brie
being peculiarly
road
this
and net earnings. It
main system of 1,821 miles.
In the monthly
which
it
returns,
however, the earnings cover the entire system of roada.
figures,
we have made up
ing showing for three years past.
interesting,
especially
It will
the follow-
be found very
the comparison goes
as
1881, the figures for which year
we
competing lines running viously been separately stated.
same cause seems to have
4(tLi>u$.
1883.
had little influence on West Shore bonds, which have
Oro88 rnrningg
i»2i>,760,091
continued a prominent feature of the week, as they were Operating oxpcnsea.
lfl,«7(M71
during the previous week. The combination of capitalNet earnings.
$13,090,823
almost parallel to
ists
iif
back to
believe have not pre-
two important
with
situated
"
branch roads, not even their groM
simply gives the earnings on the
to the doings of these
Using these monthly
cut below the established schedule.
traffic, to
It is possible
1883— though there are no delAiU
show the cause of the diminution.
The report before us does not give any informatibn
to
is
not surprising that the managers of this corporatioa feol
be
278
Still,
it.
the
was claimed expected
to interest
themselves in
Here we
see
1883.
1881.
$30,363,026
16,001,950
$30,031,007
16,812,669
$14,301,076
$13,221,438
that gross earnings at least have varied
that property as stated in our last, seem still to be talked but little during the last three years, though owing to the
about as intending to take part in some reconstruction smaller expenses in 1882 that year showed very much
movement, though we have authority for saying that the larger net earnings. But during these three years the
was
share
to
Mr.
William H.
—
management was erroneous.
in the
those now in charge seem to
overcoming very many of the obstacles so lately in the
way of bringing the conflicting rights and interests to a
we
conclusion, and
satisfactory
are quite sure that the
public will hear with great gratification the prospect
Main System
now
have occurred to a property upon which upwards of 55
money.
Union Pacific's annual report, issued this week, presents results not materially diflbrent from those foreshadowed in this column two weeks ago, based on the
monthly statements of earnings and expenses for the
millions have been spent in
Net eamlnga
_
year $4,302,340, equivalent to over 7
per cent on the $60,868,500 stock outstanding.
words, the
company might have doubled
actually paid without entirely exhausting
The
the
Here we have a
falling
in
off
income suggested
In the
first
$10,648,001
$12,096,935
$11,778,474
different
Gross earnings on
showing.
new roads and
the effect of
of the consequent reduc-
The
the company's business during the last two years.
loss, it will
meet
this loss
by a large reduction
of course not the whole of
The reduction
way.
be,
amount due the
only $1,869,958 in 1883, against
$2,097,189 in 1882, a saving of $227,000 in this item.
made good
in this
shown above on the
whole system, tells us that there must have been a
heavy augmentation in the expenses of the branch roads.
We
therefore state these separately, as follows.
Branthes.
Gt'osa earnlnga
Net carnlnRS
It is
for
United States was
though
in expenses,
could be
of $372,508 in this item in 1883 in
1833.
1882.
$0,7.58,452
6,315,630
$7,510,042
5,334,901
$2,142,822
$2,205,111
surplus.
would
it
the face of the increase of $608,221
In other
the dividends
its
it
place the
$24,258,817
12,480,343
which have been such important factors in
tion of rates,
surplus on the year's operatiqns was larger than
several reasons.
$22,823,884
10,727,049
these 1,821 miles have steadily decreased,
the competition of
1881.
1882.
$21,002,542
10,354,541
be seen, was $1,434,933 in 1882 and $1,821,342
It ia
in 1883, or $3,256,275 in the two years together.
road
gratifying to observe that the company has been able to
We find that the 1,821 miles of main
had a total net income (counting in the receipts for interest and dividends on the investments held) of $12,7U,>
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 $3,261,873 over all
payments for interest and dividends, in addition to which
it also realized $3,040,467 net from land sales, making the
year.
1833.
rl,821 miles).
Gross earnings
Operating expenaea
of an early adjustment of the financial difSculties which
total surplus for the
—
Osborn mileage of the branches and consequently the earnings
But of the same considerably increased, so let us see how the
have been successful in results on the 1,821 miles of main road alone compare.
announcing that
statement
clear
from
this that the increase in
wholly on the branch roads.
lines that
1881.
We
$5,775,280
4,33^,326
»1. 442.954
expenses
also see that
it
is
is
these
have served to keep the earnings of the Union
shown to have
Pacific system entire, as steady as they are
A
large part of the net earnbeen a reduction in the item of been in the first table above.
roads, it should be said, go directly into the
ng3
of
these
"interest on bonds" of over $300,000, namely, from
Union Pacific treasury, since it /holds so much of their
$4,976,204 in 1882 to $4,667,711 in 1883. This may
Then
there has
also
appear singular in view of the fact
that the company's
stock and bonds.
The following shows relative prices in London and
debt has actually been increased during the year. The
York
of leading securities at the opening each day.
explanation is that the interest paid directly out of net
taming)
portion
is
of
decreasing
the
—that
is
being
interest
all,
met
an increasing pro
from land sale.".
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
is
this that
As
to the
much
as $616,700 in 1883.
It
accounts for the smaller charge for interest.
new
collateral trust
bonds issued
in 1883, their
Jfeh.
is
probably met, as
bonds of 1879, out of the
is
that of the
O.B.4a.o. 123-81
D.8.4MI. 113-42
rl*
Moon.
interest
on the
securities
III.
Cent. 131-88
«. r.
C.
B0-S4
M-VS
we
it
has
diminished— from $2,211,099
8.
Mch.
a.
Hch.
123-91
113-48
123«
113M
«6-47
mi
123M 183 00 13394
118M 118-17 113X
7.
egg
180«
IISN
|8S-
116-8&
117
80-4«4
94M
123-73
113-17
lasM
lB-04
83-29
»SH
»l'79
24)4
93
ISO
93-7S
181-34
MM
ISO
ISO'll
ISO
IITH
116-73
117)4
U6SS
1175«
B9M
89-88<
91-81
64-88
tan
lOM
9IM
64M
'!^.
St. P«nl.
and
I23X
S9-08t
CwlPm.
One result of this would be to diminish
item of interest from investments on branch roads,
notice
118-86
pledged
for the same.
Mch.
93
OoUW'n
the
4.
11354
25-83
trust
collateral
.Vc*.
Lond'n K.T. Lond'n S.T. Lond'n :..r. Lond'n S.T. Lond'n S.T.
Vrten.
prteo.* V7iu$.
vriu,.
pricu. rrua.' PHCM.
Bewllnft
interest
8.
New
91-87
84-74
^S^
91
9M0
wji'
M-63
MM
zeh'ge.
MblM.
4-«l
4-«l
4'«t
* Expremed In tbelr New Tork equlTalent.
BeadlnK on baila of 950, par value.
4-Sl
4-91
MM
.
.
THE CHRONICLE.
2?4
The money market is without feature. Tnere is a very
demand for time loans on stock collateral, and the best
light
3@4 per cent for two to four months on
and 3^@4^ for the same time on miscella
obtainable rates are
XXXV in.
[Vol.
was upheld, went no further tban to
during a struggle for national existence, the'
act of 1S62
that,
affirm
act of
affixing the legal-tender quality to evidences of debt, being
dividend stocks
neous securities. Reports from the interior show a comparative abundance of money,but a little better rates are obtained
a national and appropriate method of procuring ways
and means for the prosecution of the war, was constiiu.
for carrying grain and making advances to ranchmen in
asserts the
The present decision goes much further. It
power of Congress in the broadest possible
The following statement, made up from manner. The reasoning, in a nutshell, is this a
the Southwest.
returns collected by us, exhibits the week's receipts and sovereign government has exclusive and unlimited power
shipments of currency and gold by the New York banks. over the money of the country the government of the
United States is sovereign the power claimed by the
tional.
:
;
;
Wetk EndiTKi Mch.
BtcHved 6v
N.T. Bon fa.
7, 1881.
Currency.
120.00J
Gain.
Loss.
»4u.OOO
31,000
fS 18,000
$883,000
Gain.
tIS.OOO
Oold
lefral
tenders.
3fnvement.
jnss.ooo
J50,005
t72.S,000
Total gold and
Ntt Interior
ShippeA by
N.T.liankn.
several legal-tender acts
Constitution
This
some
and hence
;
new
a
is
respects
not denied to Congress by the
is
exists, to its fullest extent.
it
assertion
of national power,
beyond any former
far
going id
decision.
It Is a
bank hold- studied assertion of the right of the national authority to
and the
ings of gold and currency caused by this movement to pass laws impairing the obligations of contracts
and from the interior. In addition to that movement, the right to debase the coinage and to force creditors t6
banks have lost $5,100,000 through the operations of accept the degraded coin at its face value in satisfaction of
There is no attribute of eotthe Sub-Treasury and by exports of gold. Adding that debts, follows inevitably.
item therefore to the above, we have the following, ereignty which marks the ascendancy of the government
which should indicate the total loss to the New York over the people more ofiensively than does this. It does
Clearing House banks of gold and currency for the week not change matters that the government is, theoretically
The above shows
the actual changes in the
;
at least, the expression of the will of a majority of the
covered by the bank statement to be issued to-day.
For,
peopleIreikEndlnn Meh.l.
Out of Banks
Into Banks.
1884.
tfet OJianoe <n
Ban* Holdtno).
Banks' Interior Movement, as above
Sub-Treasury operations, net
Total
(TOld
and
leBral
((118,000
tenders
fS18,00n
The Bank of England
l^.^3.ooo
i
Gain.
tlS.OOO
8,100,000
Loss 5,1(0,000
J5.1I33.000
I,oss.fr),0S3 00Q
reports a gain of £254,000 bullion
any event, the powers
in
impair the
to
obligations of contracts and to debase the coinage, involve
a denial of the guaranteed rights of individuals, at the
discretion of the soveieign,
This
or the populace.
the .decision, but to
is
whether an absolute monarch
not said simply as a criticism
show what
it
of
means, namely, that the
This represents £216,000 received from
general government, according to it, possesses, without
abroad and .£38,000 from the interior.
The Bank of
having received it in express terms from the Constitution,
France reports an increase of 6,050,000 francs gold
a power inherent in full sovereignty which, more than
and of 25,000 francs silver, and the Bank of Germany
any other, can be used for the oppression and spoliation of
since the last return shows a gain of 1,900,000 marks.
for the week.
The
amount of
European banks this week and
following indicates
principal
sponding date
the
the citizen.
at
the
corre-
Ootd.
1884Silver.
Mch.
aold.
1883.
8,
Total this Tveek
Total previous we«>.
has this right, there
must
not
The
is
scarcely any
by the Constitution, which
logically
give
to
Congress upon
" Centralization," that bugbear of the fathers,
has never achieved a greater victory than
Silver.
decision
is
this.
one of vast importance in
itself.
It
settles finally the question of the constitutionality of legal-
i
Bauk of Englaod....
Bank of France
Bank of Germany ...
the Court
demand.
6,
it
other, not explicitly withheld
last year.
Mch.
If
in the
bullion
22,143.390
22.To0.108
33,734,3:6 40,033,019 39,62«,901 43,107,')24
7,797,230 23,391,750 7,926,730 23,780,250
There are no more points to
The government may emit bills
tender paper money.
raised
against
credit,
and Congress
it.
is
bo
of
the sole judge of the expediency
70.281,731 63.424,799 70,703,141 66.947,874
C9,701,7J2 G3,:!52,910 70.7ii2,397 117.1 4«.l 13
and the necessity of so doing. The pledge contained in
that
The Assay Office paid $114,025 through the Sub-Treas- the last act which increased the issue of greenbacks,
whole
sum
should not exceed four hundred millions,
the
ury for domestic bullion during the week, and the Assistbe kept or violated, as Congress may seo fit. No
ant Treasurer received the following from the Custom may
decision will interpose to nullify an act substituting
Court
House.
legal-tender notes for national-bank notes.
The undisOoiirisUng of—
^
puted and unlimited control of the money standard and
Dulia.
Dalt.
XT.
Bold.
8.
Notes.
aold
Silver Oer-
Oerlif.
tiflcales.
of the issue of
The
Feb. 29...
M.H-. 1...
"
3...
"
4
"
5...
"
(J...
,.
.^101708
273,404
235.260
509,919
546,413
522,703
48
gl
33
13
93
36
$9,000
4.0J0
3,000
0,003
20,000
4,000
$00,000 f2>2,00)
40.0C0 100.000
26,009 149,000
70,000 359,000
8 1.000 SOl.OOj
59,000 334.000
money,
is
vested in the national legislature.
brief of the defendant in error maintained the right
$30,OJ0
70,)0('
77,000
135,000
140.000
144 000
of
Congress to
fofrt ;)f7)f7-;
pure and simple.
but the
that
is,
to
issue
fiat
The Court has not taken up
claim of the learned counsel
conclusion from the opinions of
is
money,
that point,
not a forced
Mr. Justice Gray.
In
upon any constitutional inhibition to do
anything whatever with the currency which Congress may
THE LEGAL-TENDER DECISION.
have a whim to do, must be abandoned, henceforth
Aside from its bearing on the matters directly involved, and forever. The hopeless ignorance, the meddlesome"
the decision of the United States Supreme Court in the uess, the recklessness and the frivolity of Congress, on
the
Juilliard legal-tender case has a distinct and most signifi- many occasions, in dealing with currency matters
narrow
perils
and
the
confusion
and
present
constitutional
The
of
the
disastrous
aspect.
brief
defendant in
cant
«rror (in whose favor the suit is decided) asserted, while escapes we have had from the most calamitous legislation
that of the plaintiff in error denied, to the legislature all these things show what evils the future may have in
of the nation, a power which is inherent in and is an store for us.
The former decision of the
Since the safeguard of a constitutiona' prohibition has
attribute of sovereignty.
Court, by which the constitutionality of the legal-tender been declared not to exist, there is a new incentive to all
Total...
$2,569,410 07
*46.000
*;t
29,000 1.548,000
$046. o.
short, a^l reliance
;
;
;
Maucii
18'. I
8,
THE
]
(JHRONKT.l':
275
wi o
loiiluj
My
folly
by
1882 the gross earnings of the network of roads in
what an opportunity i« givao to rashness and
to lake measures to prevent the
The Amsrican people
possibility of acts of unwisdom.
have had experience enough with bad systems of money
to appreciate the value of a good systea; but they do not.
Oroenbuckism in its offensive forms as the war cry of
the Gnancially unfortunate and as the shibboleth of a
But it is not dead. On
has disappeared.
political party
this decision
—
—
the contrary,
forth sgain
it
greater strength and with added aggress-
Now,
iveness.
bring
only requires a fresh occasion to
it
in
if
over,
is
time
the
to
thorough and sycteraatic campaign.
overthrow
that thii
summary
diicloMS that
.ad
—
its
con-
in 1882 $101,514,926
trol reached over 100 million dollars
and in 1883 $105,653,532; that even the net earnings
exceeded 3G million dollars in both years. But while this
acquaints us with the system's earnings,
A
story.
better indication
show that
1883
in
the
it is
conveys
system carried over
only partial
not half the
which
traffic statistic?,
and 48^ million passengers.
tons of freight
however,
the
is
S.'!^
million
Even
knowledge,
since
this,
the
by a passengers traveled, and the freight was hauled, over
The money cost of longer or shorter distatacas. Hence, the mile being thereit
lavishly, in all infected districts, popularly cognized unitof railroad operations, the wo:kdono in 1883
and convincing tracts, would be very slight, and can only be truly shown by the equivalent in passenger
the effect upon thinking and well-disposed men would be and ton miles, which are represented by the enormons
incalculable.
But it will not do to rely upon that agency totals of eleven hundred and fifty-six million passengers
alone.
It is the imperative duty of all men who appreci- carried one mile, and seventy seven hundred and fifty -nine
ate the great danger the financial interests of the country million tons of freight one mile.
are in, not only from the opportunity now given to the
The main interest, however, the report has is in the
worshipers of paper money, but to the idolaters of the results of operations for 1883 as compared with other
silver dollar, to make their power felt within their respect- years.
In this sense it has a two fold value.
First, in
ive parlie?.
If there is any great political issue dividing showing to the security holders of the company the valae
men into two parties, the politicians will find it out in due and earning capacity of their property, and secondly as
time and tell us what it is.
reflecting the course of business during the year for railMeantime business men can see that, whichever parly road property generally.
In this latter respect, the
may win, it is essential for their best good that no man Pennsylvania system is certainly very representative in
who is unsound on the currency shall be elected to oflice. character. Its lines traverse substactially the whole of the
If they act accordingly, with as much courage as is dis
territory east of the Mississippi and north of the Ohio,
played when they discharge a dishonest clerk, we shall at and they embrace in their business every shade of industry
any rate have a reform of the currency whether a
manufacluriag, agricultural and miscellaneous.
The
permanent one or not the future will show. And in addi- year 1883 it is known was not particularly favorable to
tion to all this, men must bo prepared to act determinedly railroad business.
The crops were of only moderate
and unitedly, if Congress should ever attempt to put into proportions, and manufacturing industries were nearly all
execution the new power which the Suprems Coart fi:Kh depressed.
The samo conditions that affected the Pennit to possess.
Cilifornia showed the way during the sylvania lines must also have affected other .lines in the
whole period of the suspension of specie payments.
For this reason it is satisfactory to note
If same territory.
the business men of the E lat. suffer the currency to be that the Pennsylvania figures show continued progress. The
still further degraded, it will be their own fault.
It is monthly statements had, until the closing months of the year,
even now in their power to drive the silver dollar out of recorded gains in earnings on the lines east of Pittsburg,
sight, in spite of its legal-tender character, as effectually but it was not certain that the NYestern lines were also
as they drove out the trade dollar.
improving, since the profit on the same was constantly diminishing, which might be due either to heavier expenses or
heavier charge?, or a smaller business. The figures now given
distributing
written
—
—
FEA TUBES OF THE PES'NSYL VANIA REPORT.
No
one can take up the report of the Pennsylvania
Railroad without being impressed with the magnitude of
the company's operations.
know
All
railroad corporation in the land,
Bat
vast proportions.
figures that
tell
of
its
it
is
that
it is
and that
not
till
operitiona, that
the greatest
its traffic is
wa see the
we form any
actual
really
adequate conception of the dimensions of the business
it
doing.
is
in
owned
all lines
led to these reflections by
one of the company's
what appears
statistical tables
to be a
presented
with the annual report submitted this week, and which
enables one for the first time to see the full extent of all its
has always been
I
operations.
j
mary, showing the bujiness both east and west of Piltsburg, but this summary was apparently confined to the
It
lines directly operated,
and
the policy to give a sum-
or controlled (the gain on the lines direct-
ly operated east of Pittsburg
The
much the same as on the Eastern lines alone,
namely a much heavier increase proportionately in expenses
result is
'
than in earnings, but this addition to expenses in the case
of the Pennsylvai-ia
is all
accession to
in the
traffic,
number
and
west),
In reference to the
to
controls but does not operate
Consequently
it
failed
to
through
indicate the
business done by the entire system.
however, the
"
owned or
summary
has been
said in
company's income
of the year's opsrations
previous reviews, namely,
affected
in three different
linea east of Pitts-
In the present report,
made
fiscal results
own officers. ways. First, by the outcome on the
Erie, whose earnings go
full amount of burg and
that the
its
to include all lines
and west of Pittsburg," and the
result is, figures more imposing than any previously given.
To show the magnitude of the ousineES we need only
controlled, east
ordinary operating
of
sengers carried.
wo may say what we
all others.
amounts for betterments and
charges to
of tons of freight nloved (all lines, both
and of 3,578,143 in the number of pas-
our knowledge, include those line?, of considerable
importance in the aggregate, which the company owns or
out
it
since the
main importance is the constant
as shown in the increase of 3,897,797
The point
expenses.
east
lines,
the time spending large
improvements, which
it would be
Pennsylvania
not as significant as
is
some other
It did not.
left
had been $2,003,418), but net
earnings exhibit an improvement of only $607,264.
in the case of
We are
change
,
of
in the report exhibit a gain of $4,138,C0G in gross earnings
on
is
directly
into
company's treasury; secondly, by the result on those
the
lines
whose charges and obligations it is in whole or in part
and thirdly, by the return received on the
large mass of tecuritiea of branch and connecting roads
which it bold?. When business is good, it usually happens
for
responsible;
—
.
.
THE CHUONICLE.
276
that there
a gain from each of these sources, while on
is
the other hand, when business
is
bad, there
just
is
as
I
an increase, despite the
many
general situation of trade and
Vol. AiXvIIl.
adverse features in the
business that have existed
from every one of these component and still exist. The extent of the improvement in this
though the company owns a respect within recent years is reflected in the fact that
very large system of mileage, it is not necessary while in 1878 the total net was only $9,396,037, in the
to know the outcome on each separate division, in order past year it was $13,696,400, being a gain of over
For $4,300,000, or nearly 50 percent, in five years. That there
to arrive at the actual result to the parent company.
instance, on the lines west of Pittsburg, though we had has been no corresponding increase in charges is apparent
no figures whatever showing their operations, the relative from the item of rentals, interest, &c which counted for
profitableness or unprofitableness of the same would be $5,192,440 in 1878 and counts for $6,429,928 in 1883, an
manifest by the single item of dividends received on the augmentation of only $1,237,488.. More striking, howbe a
likely to
parts.
loss
follows
It
that
,
Company (every share of which ever, than the gain in net earnings is the increase in the
company operates sum derived (in cash) from dividends and interest on the
In the same way, to get at the securities held by it. Thus in 1878 this amounted to no
these Western lines.
result on the lines east of Pittsburg, we need only more than $1,804,846; in 1883 it reached $4,113,059.
examine the income account of the main stem and The report calls attention to the size of this item and states
branches, Pittsburg to Pbiladelphia
since it that the amount is $214,321 in excess of the interest upon
l,313J^Tniles
stock of the Pennsylvania
the Pennsylvania Railroad owns), which
—
is
this division that sustains
New
United
it is
—
and controls the other two, the
Jersey and the Philadelphia
&
Indeed,
Erie.
on this section that the whole structure composing the
Hence
Pennsylvania system of roads has baen reared.
we would have
the company's
at once a
if
comprehensive and exact idea of
study of the income
operations, a
fiscal
account of this part of the system
that
is all
necessary.
is
Moreover, the Pennsylvania covers so wide a
and is
governed by such a variety of conditions and circumstances,
that
any rehearsal of the
details
is
field,
out of the
question.
Accordingly, we give below simply an abstract of the
income account for six years past. The comparison will
show
that has been
at a glance the progress
period of time, and
what quarters
in
it
made
in this
has been most
pronounced.
able feature
1881.
1880.
1882.
as said, in the smaller losses the
company
many of
In 1878,
line
%
i
«
»
t
9,992,008 11,936,172 12.178,540 12,968,186 13,696,400
2,XI0,93i 2.903.669 3,211,466 3,510,662' 4,118,059
9,300,087
1,804,846
277,918
38.105
Total
Rentals,
248,550
668,582
241,401
160.804
]
260,691
246.469
273,226
11,516,904'12.506,206 15,741,923 15,902.106 16,931,494 18.3T3,3i;0
Int.,
&c..
Net, Pemna. DiT...
sylvania has had
advance nothing to the first two of
or 1832 (they having become
sustaining) and nothing to the third since 1880. In
5.192,440
5,022,725
1
5,690,488
5,770,448
Balance
1,186,775'
6,187,689
939,889
1,085,300
302,865
6,542,592
9,016,176
8.828,863
6,162.03lj 6,429.928
653,915
568.759|
10,199,804J11,888,517
La»-
1
Fund purchase
the
+
+
600.000
243,460
600,000
291,000
eoo.ooo
T.OOO
890.651
7,000
7,000
400,085
286,480
600,000
282.810
600,000
280,880
Ac—
BhamoUn
On
7,S48
VaL RR.
240,200
80,155
Penna. Canal
Bnnb. Ilaz. & W.
Fred. * Penna.
ElmlraChem.iC.
.
382,150
3.600|
'618,975
•
681,010
86,000
50,000
60,000
15,000
16,000
27,423
159.737
45,000
75.543
83,819
60,000
18,000
15,000
Erie...
& Potomac
154.188
866,020
1,646,240
1,377,607
1,767.871
1,685,286
1,738,870
Balance for stock.
4,321,003
4.896,352
7,638,569
8.080,9S2
8.514,519
0,552,647
Dividends
(2 p. c.)
Am.Steamsh
Pbila.
&
p..
5
Remainder
.
.
(4M
90,000
25,575
115,000
1
(7 p. c.)
(8 p. c.)
4,820.914
5.861,718
8,890,715
7,530,650
2.943,059
1,797,193
2,817,055
795.220
2,190,264
1.623,804
2.021.907
p. c.)
(8M
p. 0.) iS'A p. c.)
350,866
226,736] 5003,452
7.793,049 10,314,079,12,191,030
Total to credit of
loss...
180,000
8.009,152
Surp.beginn'K year 2,347,882 4,057,815 4.181,074
and
in 1883, against only
Under
note
that
$240,260 in 1878.
these circumstances,
all
the
it
is
hot surprising
to
balance applicable to stock has been con-
and that in 1883 the amount was
more than double what it was in 1878.
stantly on the increase,
considerably
Even on 1882 the increase is as much as a million dollars,
though this has brought with it no increased distribution to
the stockholders,
in both 1882
who
received 8^ per cent cash dividends
The report states that, in view of
and 1883.
would warrant.
management
of the
prop
This remark was probably intended
who are accustomed
company's yearly surpluB
for the English holders of the stock,
in their
own country
to seeing a
In this country,
where the demand for additional outlays is so incessant
and so urgent, we are rather inclined to insist upon the
retention of a part of the surplus for this purpose. It should
be said, however, that while nominally the Pennsylvania
stockholder received only 8^ per cent on his investment,
reality he received much more
nearly 10 per cent
in
—
1
4057,815 4,181,074
•Tncluding $200,003
in
7.703.949 10.344,070 12.194.6301.3.613.184
1882 and f 100,000
in
1S83 for bonds due
State of Pcuiisylvaiiiii.
( $100,000 paid for this puiiiose In the following year.
J This was a debit, and occurred through the charging off, in wliole or
In part, of sundry items not thought fuU.v good, and also by the payment
of $100,000 on account of the sinlsing fund lor jear 1978 and $100,000
for trust fund same year.
4 Debit, because of certain Items that were charged off.
Here we
fully as large as a conservative
distributed in full to the stockholders.
175,974
143,832
29,450
1,877,404
other credit items {1.283.220 tl,878,984
proflt
half a
each succeeding year, and $661,010 was advanced to the
erty
147,873
55,000
231.651
Salt.
them more than
to
the other hand, the Allegheny Valley
the business depression existing, the division of profits was
Coal..
Allegh.
1883
company paid over
of
securities
Pa. KR. sinli'g fd.
AaTances,deficlen-
to
these during either
6,324.464; 7,482,481 10,051,485 10,131,718 10,768.063'll.043,433
Loss United N.J..
clc«,
286,141
277,760
189,521]
the loss was no
and exceptional circumstances. On the Philadelphia k
Erie,the Baltimore & Potomac, andtheElmira Chemung &
Canandaigua, the result is even more gratifying. The Penn-
same
Interest for use ol
equlrment
Otberltemi
New Jersey Companies
road would appear to be becoming more burdensome with
PittBb. to Phlla.
and branches
Int. on Invcstm'ts.
it.
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 ofi in business but to &
heavy augmentation in expenses and to some other special
1683.
%
United
netted a loss of $1,136,775, but in 1883
million dollars.
Net earnings,
the lines operated by
for instance, the lease of the
1878
1879.
is,
has to meet on
self
1978.
A further favor-
the company's entire funded indebtedness.
see
how
largely the
company has gained
each of the three ways mentioned above
— that
is,
in
first in
through the allotment of stock at par, which in the market
commanded
It
a premium.
company within recent
means needful for new extensions
the property, partly by an increase in
has been the policy of the
years to provide the
and additions to
shares and partly by an increase of bonds, rather than by
the issue of bonds alone. This serves a double purpose. In
the first place it tends to avoid an undue enlargement of
the debt, distributing the cost for
new property between
on 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 addioperated by it.
Net earnings we find continue to show tional capital needed from time to time the inducemen
net earnings, then in
interest
—
Vakch
THE OHRONICLR
ira4.j
8,
offered of conrae being the
premium on
the shares.
It
wm
pursuance of this policy that the stock during the year
was increased $7,300,000, while bonds were increased
only $3,000,000 (collateral trust bonds). The proceeds of
two million dollars still
these sales (except about
additional
in the
were used either
in the treasury)
retained
on
facilities
construction
existing
The January
exhibit of our foreign trade
over
ports
There
is
even bett«r
an excess of merchandise eximports in the sum of nearly 20 million
than expected.
is
and though this is about four millions less than in
providing the corresponding month of 1883, it is yet a very satis-
in
or
lines
new branch and
of
aOOD TRADE STATEMSNT.
A
in
277
aid
to
auxiliary
lines
dollars,
showing,
factory
view of the conditions that have
in
One statement which we have
prevailed.
heretofore
thought necessary for the protection and de.velopiuent made this largo favorable balance confirms, and that is
of the company's business, $8,319, IGl altogether having
that the high rates for foreign exchange in January were
way in 1883, the largest two items being not due to the concfitiona of our trade at that time. The
new equipment and $3,300,702 on account same remark will hold good with regard to February.
been spent in this
$1,645,377 for
of the line to Reading.
new
fully as
It
is
estimated that the call on
heavy as
in
1883, which illustrates
demands are upon a company
the
to enable
it
maintain
to
business and
to be
applied
states that the policy of
how
be
large
the Pennsylvania
for doing
presume that the
trust bonds sold last
favorable position
its
commanding
like
We
traflic.
additional three millions of collateral
week are
year will
account during the current
capital
to
but the report
this purpose,
giving stockholders the privilege
It
evident therefore that a settlement has been
is
by a return movement of
EXPORTS JIND IMPORTS OF MKRCRAXDI8B AT
deviated from.
Exports.
The strong feature iu the Pennsylvania's position, and
which makes the large net earnings shown above possible,
is
the great
preponderance of
local
its
In the
traffic.
in
securities
below.
supplying a part of the needful funds will not be
of
made
and in part by
a withdrawal of foreign balances hero which has been
induced by the better employment found for the same at
home, and by the disturbed condition of our monetary
arrangements resulting from the attempt to bring silver
on a forced parity with gold. The merchandise movement
at each port during January this and last year is shown
part
January.
1883.
1884.
Balttmore
Boston, <fcc
Philadelphia
San Fraueisco
All other ports
1883.
1884.
$
9
New York
New Orleans
U. B. PORTS.
Importt.
1
26,71)2,785
28,891,932
12,787,096
3,951,630
5,314.585
3,275,216
2,453,881
19,414,779
12,637. il5
41,260,612
572.785
1,171,952
5.176.857
2,120,447
4.027.137
2,641,428
39,997,704
1,181.930
4.816,879
4,772.900
3,362,310
4,706,773
21,192,244
803.29.^
company carried, on the 1,313 miles of
4,516.781
2,432,571
its main stem and branches, 21, G74,IG0
3,213,335
2,166,819
tons of paying freight, but not ten per cent of this was
Total
73,939.972
80.380.253
54,312.486
56.871,198
through freight, the aggregate of this latter being no
more than 1,937,850 tons. Moreover, the gain over
It will be observed that as compared with a year ago,
previous years is wholly in local and not in through imports still appear to be seeking a lower level, since the
freight.
For instance, total tonnage was larger than in total for January, 1884, is 2f millions smaller than in
1882 by 1,313,761 tons, but local tonnage was larger by January, 1883. Nevertheless, this total is by. no means
1,320,730 tons, showing that through tonnage must have small, being at the rate of over 650 millions a year, so
fallen off 6,969 tons.
In the previous year, of a gain of that if we compare with a few years back there is no lack
2,393,872 tons, all but 128 tons was in local freight. of room for further contraction in this respect. It is to be
Almost the whole of the company's vast network of roads remarked, too, that the goods imported are apparently
is tributary to the main stem
between Pittsburg and going into consumption. A month ago we called attention
past year
the
road composing
Philadelphia (358 miles), and as a result the
line
fact
has become very heavy.
that
in
traffic
over this
This fully appears from the
1883 these 358 miles of road earned at
a
downward movement
in
is
date in 1882, and $40,627,615 at
on
this
the
piece
road.
of
Pennsylvania
has
It
been
is
to
gaining
be
very
goods
in
February the amount had,
amount
1st of
on
bond
progress, for while
the 1st of January the aggregate value of
Was $29,948,104, on the
noted that
I
Now
rate of
Mr. Poor, in his
$74,638 per mile.
Manual, gives the average for all roads in the country
in the year 1882 at $7,188, or less than one-tenth the
the
,
the warehouses were increasing.
to the fact that stocks in
been reduced to $28,906,612, which compares with $32,.
060,818 at the same date in 1883, $22,660,302 at the same
As
the
same time
in 1881.
6| millions for the
more easily explained than was the heavy de-
to the exports, the falling off of
heavily here, and that as recently as 1878 the earnings
month
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
crease for the previous
is
month.
We
stuffs exports record a contraction of
find that the bread-
$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
1
J millions of the
which the Pennsylvania has stock or bond total falling off of 6| millions to be accounted for by a
Cotton isth^ chief of these other
ownership. Thus the increased dividends paid on Northern decrease in other items.
Central stock swelled the receipt from this source to items.
Our own statistics show that we exported of this
Then $336,000 is staple during January 629,904 bales, against 695,025 bales
$241,656, from $152,523 in 1882.
given as income from Western Pennsylvania general in January, 1883, a diminution of 65,121 bales. But the
mortgage bonds which in the previous year did not money loss is not as large as these figures would indicate, for
companies
in
at
all.
About this amount
there
must prices ruled higher this year, low middling uplands being
have been something exceptional, since only 2^ millions quoted at 10 3-16 and 10| respectively at the opening and
of these bonds are held, which at 5 per cent Interest would close of the month, against 9| and 9 1M6 at the same
appear
yield
no more than$ 125,000.
In addition to the gain from
these two sources the income was
in
many
total
of
of the
minor items.
As
to
by an
increase
what extent ihe
dates
in
1883.
Allowing
millions) of the loss
for
the difference
make np
in
it is
price,
remainder (If
in exports not explained by the move-
cotton would just about
the
ment of provisions and breadstuffs. As to petroleum, the
of course impossible shipments from New York were not quite equal to those
refined
of 1883, but here also prices were higher
over four million dollars will be affected by the
prevailing depression in business,
to say.
swelled
—
.
.
THE CHRONICLE.
278
having been quoted nearly two cents above the figure of
year ago
—so that
rf'
DYNAMITE IN ENGLAND.
not likely that in value this item
is
it
XXXVnt.
[Vol.
The leading feature of oui: European news is no longer
records any very large decrease. In the following table we
Soudan or Tonquin, but dynamite. All over, in Paris,
the
give the breadstuSj and provisions exports from each
Berlin,
in Vienna, at Rome, at St. Petersburg, at
in
leading port.
Madrid, as well as in London, the political conspirator is
EXPORTS OP BRBADSTUFFS AND PBOVlSIOXa FROM LEIDISG PORTS.
seeking to accomplish his purpose by wholesale and reckrroviuoiu.
Breadsluffs.
January.
less destruction of life and property; and, for the most
1884.
1883.
188J.
18t3.
The object evidently
part, dynamite is his instrument.
$
$
$
$
7,382.858
4,887.784
6.233,883
6,130.910
Now York
is to establish a reign of terror, and so to paralyze the
307,618
738,995
9,151
9,168
New Orleans
2,048.413
2.542.932
40.305
288,172
Baltimore
governments as to compel them to yield to the wildest and
1,251,930
1,691, .583
1,550,832
1,006,206
Boston
941,411 »
919.825
1,113,047 most revolutionary demands of the extremists.
606,105
Pliiladelpliia
It is not
30,184
l,5i9.362
3.631,737
39,721
S.an Fraueisco
640,393
711,369
4i: 4,276
1,334,617
wonderful that Russia, Austria and Germany should be
•
12.284.781
Total
9.094.177
15.835,577
10,978.825
In the breadstuiis exports, of course wheat records a
heavy decrease
;
but
it is
now beginning
too, is
months corn has been
ure the decrease
interesting to observe that corn,
off.
In former
to offset in
some meas-
to exhibit a falling
relied
upon
wheat, but evidently this will not be
in
the case in the future, for in January, 1884,
only
24-
we exported
million bushels, againstover 4 millions in January,
Rye, however, of which the exports are small, continues to show decided improvement on a year ago.
1883.
Another feature
falling
in the shipments of flour
off
smaller than in
manufactured
while
it
in these breadsluffs figures
wheat, and
article)
is
that the
much
relatively
demand
the
is
for flour (the
apparently continues unabated, even
almost impossible to dispose of wheat
is
—the
sounding each other as to the propriety of entering
fresh league against the assassin,
using ihsir
England
best
efforts
come
to
continue,
should
of things
demanded by
the
Hitherto
some
intelligent
political agitation will
both France and
induce
to
the alliance.
into
into a
and that they should be
such
classes
thus defeat
the present state
If
union
be
will
Europe, and
of
itself.
has been our privilege to contemplate
it
the
storms and tempests of Europe as students rather
political
than as interested parties.
Our honor was not
Our
were not
interests
at stake.
Secure on our own
called in question.
broad continent, suffering neither from want ror from
in.
and in no way responsible for tl e broils of Europe,
we might have sympathy and sorrow, but we had no cause
for inconvenience or trouble, and no need either to explain
It would almost seem as if the situation
or to apologize.
were now changed. The use of dynamite in England
justice,
unmanufactured article. Thus in the mouth under review
the wheat e.vports fell off about two million bushels, but the
'flour exports diminished only 86,000 barrels, and the result in circumstances where it was clearly t la intention to
is that in value there is very little difference between the
destroy both life and property by so-called Irish- Americans,
two of millions for wheat and 41 millions for flour. Subpublic mind with consternation and alarm,
has
joined are the figures
filled
EXPORTS OF BREADSTUFFS IN JANUARJ'
tunately
Vahus.
QiianUli/.
Janua 'U-
1881.
1883.
1881.
the
and has aroused a feeling of indignation which
1883.
is
finding
The argument
is
ple than logical.
$
Barley
...Inisli.
Com
..bush.
Corn-meal
Oats
...l)bls.
..busli.
Oat-meal... pounds
Kye
Wheat
..bush.
Wlieat-flour ...bbls.
74,37!
2,543,562
19,259
22,633
4,350.03S
219,593
5,040,8^9
849.666
8.926
4,170.70f
18,965
14,321
60.504
1,610,433
51,710
11,120
131,241
158,757
1
:
4,863,293
i9,S79
7,611,997
5.297,113
12,284.781
15.835.577
'23',i83
5,332,72.i
7,003,296
935,486
Total...
1
5,883
2,822,958
69,838
8,407
No: stated previous to 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
million dollars, and it will be seen is confined almost entirely
In dairy
particularly bacon and hams.
to pork products
products and in beef products, on the other hand, there is
It is further to be noted that
a pretty general increase.
in the exports of live stock, which do not figure in the
totals because the statistics have not until recently been
Thus
furnished, there is quite a marked gain over 1883.
cattle was shipped this year to an aggregate value of
§1,295,509, while in 1883 the total reached only $445,012.
Below are the details of the provisions exports.
EXPORTS OF PROVISIONS IN JANOART.
•
—
Value.
Quantity.
January.
1884.
1384.
1883.
S
Live Stock—
No.
Cattle
Beef Trod iiels —
Beef, eauuei
Tallow
S
143,012
101,030
12,844
3,053
4.310
5,633
1,29.5,509
10.640,355
3,776,144
0,380,476
7,5'.57,i99
1,064,439
4.033,264
2,133,963
297,363
423,433
330,341
766,594
365,302
173,173
40,727,812
5,669,199
47,913,561
5,361,579
3,785,123
059,676
4,890.566
640,291
5,838,779
13,395,734
6,875,234
24,663,107
484,642
633.313
1,268.174
?,715,159
995,565
755,578
2,747,649
173,196
603,811
230,468
43,560
332.330
.
Beef, fresh. Iba.
Beer, salted...
1883.
Pork rroducts—
Hams
..
Pork,
fresh,
salted, &o...
Lard
VtUry Prod acts —
Butter
Cheeao
5,111,199
Not iacludlug
1.-3,715
*9,094,177 *10,978,82o
Total
':
'
live stock.
and
free expression
simple enough
Amid
;
but
unfor-
against this country.
it is
much more
sim-
the wreck of disastrous explosions,
in suspicious places, are
found mysterious boxes, pack-
some way 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 clock?, were brought over from America
for purposes of destruction, and the American people and
Government are charged with knowledge of it and
They hartherefore with criminal neglect of duty.
their
allow
them
to
leave
they
and
conspirators,
bor
barbarous
instruments
of
them
with
carrying
shores
warfare against a friendly and unoffending people. Such
is the charge which is now openly and publicly made; and
ages, clocks, all in
it is
not at
all
improbable that
it
may
soon,
if
it
has not
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
already,
and people generally, a fair piesentation ? 'We
Among the American people, properly eothink not.
called, and among all the better informed classes of our
adopted citizens, there are no two opinions as to the charThey are a libel on the
acter of these dynamite outrages.
press
civilizition of
the
nineteenth century.
On
their perpetrators they argue a condition of
the part of
moral nature
which forbids us to place them in the category of brutes,
but which justifies us in placing them in the category of
not only enemies of law and order, but enemies of
fiends
Their conduct has no redeeming feature; and it
the race.
reveals quite as much of the coward as of the scoundrel.
This we believe to be the general Amprican sentiment in
—
the matter.
If
it
were made ckar that these crimes were
openly hatched in America, that they were committed by
Americans, and that the dynamite and other instruments of
1
.
MATtcn
1BK4.
8.
were
tit!htnK-iion
hi:
I
binij,'!;
»nd coov.
ric»,
.
irHoxKi.R
(
larch
the Atlantic for purposes of war upon the British peop'o,
it would certainly be dilTicuU for n« to repel the charge o(
But
criminal neglect.
not
is
it
batched hero, tLcy are hatched
in
so.
I( the
27«
1,
and they now cover aix tnootba of tlM
crop year.
OVKIILAND MOVEMENT TO MAItCII
The
such a manner as not to
movement
gross
a decrease frem the
There is, no doubt, much loud talkingmuch vaporing and braggadocio but the men who so year of 29,307
violate the law.
;
men who
talk are not the kind of
1,
]884.
schemes are
lend themselves to such
of 27,701
bales,
bales,
for the
month
movement
February shows
of
the
for
same month
Isat
and an inorease over February, 1882,
making the gross
figures
for
the
six
Dynamite, and clocks, and other instruments months this season 7G'2,421 bales, against 88.?, 40-1 balea
for lighting the dynamite, may be bought here, and taken
in 1882 83 and 822,300 bales in 1881-82.
The net moveon board ship, and carried to the British shores, by the
ment for the month, however, has been only 16,399 balea,
and
conspirators themselves
but it is all done secretly
against 54,236 bales in February, 1883, and 16,077 bales
until there is an overt act of law-breaking, the Government
enterprises.
;
;
1882; and for the six months tho total
has not the power to interfere.
in
however, that the explosives
are the production of American manufacturers in America.
That they were found in American boxes is certainly
bales against 526,556 bales last season,
It is
by no means
suspicious; but
certain,
not conclusive evidence.
it is
How many
the previous season.
this
year
is
due
is
401,070
and 353,355 balea
This small net total in February of
to the
a
fact that
much
larger portion
marketed during the
thousand boxes similar to those found croEs the Atlantic
month through New York and Boston, and counted thereweekly.
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 preThen again there are millions of American-made clocks in vious years.
Great Britain; and we have the authority of experts for
OVERLAND FROM BEPTBUBBR 1 TO M.IBCH 1.
saying that it is an easy matter so to arrange the machinery
1883-81. 18S2-S3. T83T-82.
as to make them serviceable in dynamite explosion.
How
—
Since
September
shipped
1,
easy to buy in London, or Birmingham, or Glasgow, a few
From St. Louis
223,817 307.9171 256,136
American clocks and mako the necessary changes. Nor is
Over Illinois Central
42,120
16.1741
4.519
Over Cairo & Vlncennes
140,075
104.014 121,351
it at all certain that the perpetrators of these later outOyer tlie Mississippi River, .ibove St. L
73,289:
93,S92i
89,086
rages are even Irish-Americans.
Here again there is
Over Evansville & Terre Haute
13,9.-.G
13,766|
14.176
Over JeffarsouviUe Mad. & IiidLinapoUs
ground for suspicion. The cut of the clothing and the
37.-108
40.02
68,062
Over Ohio & Mississippi Brancli
33,610
50,77
13,915
shape of the boots, in some -instances, and the finding of
Orer loiilsvlllc Cincinnati &. Lexington
42,830
41,619
81,099
cards in others all point in one direction: but they do
Kecoli>t8 at Cincinnati by Ohio Kiver.
16,610
23,231
45,666
not furnish conclusive proof.
Men engaged in such work Kecelpta at Cincinnati by Cin. Soutli'm 61.376 69,156 105,081
Over otUer routes
5J,S17
62,33
11,710
do not use cards to defeat their own purposes. In the
Shipped to mills, not lucladod above
-1.837
5,881
10,938
former series of explosions Irish Americans were undoubtTotal gross overland
702,421
683,494 822,309
than usual of the gross has been
—
edly the principal conspirators, as was abundantly proved
at the several
trials;
but
it is
not good
logic to
Suspicious as the situation doubtless
is,
it
Eocelptg overland at N.T., Bo8ton,<&o.
Shipments between (or South from)
Western lutoricr towns
say that
because the conspirators were Irish-Americans in those
former caces, they are Irish-Americans in these latter.
Deduct—
may
Shipmenlt
erf;
turn
that tho
crimes have not any direct connection with the
Besides,
account
is
than
357,634
33,928
7.211
5,013
100
50
105
7.302
37
18,443
10,924
14,445
70,200
deduct
from—
Savannah
people.
Charleston
North Carolina ports
not Great Britain holding us to a stricter
even
328,077
Galveston
New Orleans
Mobile
out that Irish-Americans have been unjustly blamed, and
American land or
iiilatid (not otherwise
251,158
she
holds
herself?
What
57
735
3.405
698
2,355
7.393
301,351
336,938
469,014
4G1.07<
526.556
333.355
Virginia ports
is
wanted is proof. Until proof sufBcient has been had
and 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 recogniz 3 in
their own case.
It has been a crown of glory to the
Total to be deducted
'
Leavinff total not overland*.
This total liiclmlfs 8bi]>inent8 to
1883, amount to 13.728 bales.
Canada by rail,
wUicli, since Sept.
" 1^
RECEIPTS, EXPORTS AND SPIN.^ERS' TAKOfOS.
The falling oS in port receipts noticed in previous
J5ritish people that their sea-girt island has been a safe months has continued, the decrease now from last season
asylum for generations to political refugees. That glory reaching 509,294 bales the month's movement has been
has not yet departed from them. They ought not to ask 385,938 bales, against 595,598 bales in February, 18S3,
us to do what they would not do themselves.
We cannot and 291,992 bales in the same month of 1882, the decrease
prevent the mxkking of dynamite nor can we prevent its from last year having been 209,660 bales, and the increase
being shipped to Earope.
But it has to pass through our over the preceding year 93,946 bales. The total net port
"ustom House, as it has to pass through that of England. receipts up to March 1 are 4,353,604 bales, against 4,862,Vigilance there is perhaps much more at fault than vigi- 898 bales for the same time in 1882 83 and 4,033,541
lance hero
and it is more than probable that a little more bales during the corresponding period in 1881 82. New
vigilance in the detection and a little more promptitude in Orleans stands alone of all the important Southern ports
;
;
•
,
j
;
as showing an increase over last season.
Foreign exports
which would have contrasted favorably during the month exhibit an Increase over the same
month of the two preceding years, having reached 435,.
with that of today.
259 bales, against 408,855 bales and 324,776 bales
the punishment of Irish outrages would have begotten a
state of things
COTTON
We are
CO.VSUMPTION
MOVEMENT TO
able this
week
to
ments for another mc nth.
AND OVERLAND
MARCH 1.
mako up our overland
This brings tie
state-
state:iieita
respectively
;
the toUl for the six
bales against 3,214,893 bales in
months is 2,944,355
1882-83 and 2,284,197
bales in 1881-82.
Stocks both at the ports and interior
towns are below those of last year. The receipts, exports
and
stocks, presented in
our usnal form, are as follows.
,
.
THE CHRONICLE.
280
Sept. 1, 1883 to
Mar.
Sept.
18b4.
1,
EXPORTS SrSCE SEPT.
Receipts
since
M<»jement from
642,190
Indlanola, &c..
New
France.
Mar.
Orleans
the plantations
68,230
31,203
43,523
22
£86,877
46,962
3,704
1,395,230
234,821
SMUS
nortda.
1.
nent.
220,843
8,241
UobUe
and 327,778 bales more than in 1881-82. Comparing with
February 1 we find that the total month's movement from
TO-
Conti-
Britain^
1883.
Oalveston
1883,
1,
Stocks
Oreat
1,
273.S90
222,666
200
344,391
31,188
1,775
68,286
47,182
3,704
Savannah
622,820
149,259
13,436
160,636
Brunswick, Ac.
Charleston
Port Royal.&c.
896,558
9»,107
28,906
12,879
2,640
42,913
S21,SS3
5,190
48,742
53,888
49
87,380
106,230
2,550
3,829
20,588
233,708
81,129
372,413
70,199
124,521
58,708
28,220
7.624
Wilmington
Moreh'd C, &c.
7,053
370,337 bales in 1884, against 664,834
is
and 301,069 bales in 1882.
WEIGHT OF BALES.
To furnish a more exact measure of the receipts up to
March 1, we give below our usual table of the weight
bales in 1883
of bales.
We
same time
in the
give for comparison the figures for the
two previous
seasons.
12,037
Norfolk
538.320
West Polnt,&c.
New York
205.401
213,120
81,129
268,484
91,547
130,129
17,765
Boston
Baltimore
Phlladelphla.Jtc
Total 1883-84
323,331
.
27,116
1,808
83.03S
14,717
B5,40S,
4,353,t04
1,866,683.
Tetal 1882-83..
76,813
100
39,535
70,099]
4,862,898 2,012.425
3,300
Six months ending Mar.
7,460
704,72-; 2.044,365
948,594
320,753
881,7! 5 3.214,893
959,608
550,995 2,284,197 1,064,618
facts disclosed
1883-84.
1881-82.
1882-83.
bales. 4,3ri3,604'4,862,898 4,033,541
Receipts at the porta to Mar. 1
Net shipments oyerlaud during same time 461,0701 526,5f-6 353,355
Weight.
Weight.
550,431
Louisiana
1,395,230
Alabama
234,821
Georgia*
666,339
409,437
South Carolina.
Virginia
743,721
99,417
North Carolina.
Tennessee, ifeo..
905,228
280,796,370
667,603,603
116,001,574
311,623,488
191,829,423
351,780,033
46.767,745
447,780,082
51014
520-04
436-02
504-00
483-25
472-72
475-83
5,004,674
2,414,182,818
482-38
Texas
Total
•
478-49
49400
467-63
463-52
473-00
470-42
494-66
Weight.
505-00
506-20
465-30
495-00
471-63
462-42
470-89
465-90
476-00
491-17
iis-ei
47100
Including Florida.
It will
be noticed that the movement up to March
the
same periods
in the average
of the last
year being 482-38
bales. 4,814,674 5,389,434 4,386,896
Total receipts
Satne
Same
peri'd in peri'd in
1882-83. 1881-82.
Average Average Average
in
Pounds.
Bales.
shows a decrease
I
WeigM
Number of
16,088
11,15S
by the foregoing statements,
we shall find that the portion of the crop which has reached
a market through the outports and overland, and the
Southern consumption since September 1 this year and the
two previous years, is as follows.
Using the
1884.
1,
346,815
373.045
Total 1881-82..
4,033,541 1.488.1,971 240,205
* Great Britain exports include to the Channel.
XXXV iu
lVol.
lbs.
same time
1
weight as compared with
two
years, the average this
per bale, against 491-17
lbs.
per
and 473-83 in 1881-82.
THE COTTON GOODS TRADE IN FEBRUARY.
..bales. 5,004,674 5,589,454 4,541,896
Total toMarolil
In the early part of the month there was a fairly
The amount of cotton marketed since September 1 in
1883-84 is thus seen to be 584,780 bales less than in 1882-83 active movement in brown and bleached goods, wide
sheetings, &c., at the important centres, and many popular
and 462,778 bales more than in 1881-82. To determine the
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 ia
Goods have latterly
claimed, from unfavorable weather.
lowing.
Total receipts to March 1, 1884, as above
bales. 5,004,674 shown a tendency to accumulate, and the price of low.
Stock on baud commencement of- year (Sept. 1, 1883)—
grade brown and bleached cottons are barely steady at
Boatbem consumption since September
At Northern
200,000
190,000.
1.
155,000
135,180
ports
Total 8uppl.vto March 1, 1884
supply there has been exported
to foreign ports since Sept.l, 1883.2,944,35 5
Lessforeign cotton included
4,497—2,939,858
Bent to Cauada direct from West
13,728
BumtNorthand South
12,358
5,241,791
this
Stock on hand end of mouth (March
AtNorthern ports
At Southern ports
At Providence, &o.. Northern
1,
1884)—
382,221
566,373interior markets
bales.
Total takings by spinners'since September
Taken by Southern spinners
^
1,
948,594
15,119—3,929,657
1883
1,312,124
190,000
Taken by Northern spinners flnco September 1, 1883
Taken by Northern spinners same time in 1882-83
Colored cottons have been dull throughout the
month, but prices are nominally unchanged.
Print cloths show no activity, and, in fact, at the end of
month are lower, in spite of the curtailment of production at Fall River caused by a partial strike among the
Even the lessened out turn has not prevented
spinners.
an increase in stocks, the total at the end of February
being more than 100,000 pieces larger than at the close of
the
January, showing that present production is ample for
The stock of print
the supply of the present demand.
cloths in the hands of manufacturers and speculators on
March 1 reached 741,000 pieces, against 635,000 pieces on
February 1, 1884, 684,000 pieces on March 1, 1883, and
1,216,000 pieces March 1, 1882.
1,122,134
1,293,201
Decrease in takings by Northern spinners tills year.. bales.
171,067
responding period of 1882-83 of 171,067
bales
Cott'n Print- Sheet- Cott'n Print- Sheetings,
low
ings,
low
tEB.
cloths, stand-
dling.
and from
10%
1
the same months of 1881-82 of 90,381.
2
An
IN SIGHT.
additional fact of interest
crop which was in sight on Mar.
years.
We
I,
is
4
the total of the
compared with previous
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.
this
1
manner we
...
"
find the result for three years
In
on March
to be as follows.
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
1038
1038
1038
1038
1C38
10%
10%"'
10%
10%
10%
10%
10%
10%
10%
10%
7H
7I4
..S...
3-63
3-63
3-63
a-63
63
3 63
3
..
3-60
3-56
3-56
3-56
Holi
3-56
Total marketed, as above
bales
Interior stocks in excess of Sept. 1
Total in Bight
bales.
This indicates that the
of the present year
is
1882-33.
1881-82.
5,004,674
178,000
5,589,454
300,000
4,541,896
313,000
5,182,674
5,859,454
4,854.896
movement up
to
March
1
706,780 bales less than in 1882-63
23
24
25
26
27
28
10%
7>4
7>4
7^4
"in
7H
10 4
10 Hi
1013
3-56
3-53
3-50
3-50
3-47
9"
6
91' 16
9%
9%
9%
7 '4
9%
7>4
714
7>4
91I16
"7^'
7>4
7>4
y%
0%
9!^
8
..
8
8
3-75
3-75
7 "4
7I4
..Holi
9iiie 3-75
9"l6 3-75
911,
3-75
313i(,
313,6
in,s
8\
3%
8%
8^
"
11B,8
ll^is
IIB16
313,,
9.\
3'3l6
313i„
fi*
.3\
Hik
3 '8
3%
iis'ia'
8
11%
3%
3%
8
lllfl
33»
8
8
llSia
113,8
113,6
3^
3%
3%
..
"a"
8
ii'ie'
113,8
8
U3,«
8
3
"
"s'
8
3
8^
..&...
8
.8...
7^ 91'i; 3-75
714
9" 16 375
714
7J4
llHi
8...
gn'ie 3-75
313,6
"a"
8
8
8
..8...
»-81 "&'
3-81
3-81
3-81
3-81
3-81
Ootfn Print- ShtOing ingt.
low
mid- cloths, stanth
dling. 64*64 ard.
llOlC
11»16
110,6
119ie
8
8
8...
3-75
3-75
3-79
3-81
3-81
3-81
9>i e
91I16
..8...
io%"
..
'St'l'ije
7H
.
1883-84.
cloths, stand-
91I16 3-69
91110 3-73
91I16 3-75
74
8...
3-63
3-63
3-63
3-63
3-63
3-60
..S...
ib%'"
mid-
61*64 ard. dling. 61x64 ard.
3-63
3-63
1038
3
In the foregoing we have the number of bales which
has already been marketed this year and the two previous
seasons.
.
1882.
1883.
18S4.
The above indicates that Northern spinners had up to
March 1 taken 1,122,134 bales, a decrease from the cor-
AMOUNT OF CROP NOW
in 1882-83
the close.
At Southern ports
96,926 —232,106
5,011- 237,117
At Providence, Ac, Northern interior marlcets.
Of
bale for the
113,3
11>4
8—
8%
«?
3^
8%
8^
8\
3^
3%
35i
..Holi
^'
3%
3%
»!%
3«i
.8...
ilii'
3%
3^
&\
Y<>'*'
The above prices are- For cotton, low mlddUng upliind at New prloet
for sneetings, agents'
uf acturers' prices
for printing cloths, munufacturers'
which are subleot to an average dlscoimt of 5 per cent.
;
:
STATEMENT FOR
DKliT
r.
i,..i,.....,..
flUlod."
30,398 ,528 00
')
'>
Cui;v...,,
—-
••••
.-.(i
VtmoUmui aUvoiH''
A.moHnt OulilOHtthig,
tntarwt aeooant.
Whtn
t»«a«Mrt>r
Payabl*.
57
P.
l'
II .M
ii
Anmui'
Omtpon.
ui
trMMiii'
T.......
<^nnl Co
Imnds
$1
I
....
-
$305,800
14.000,000
iiit,.i..<f.|iettring
i.f
On
lien
tlicire
ts
TUo
vallotl fur.
;
n total of
lotul oumsut
M'lttea
Ill
lieatos
\\i'
ofdoposit
Balance, iueludiiiK bullion fund
$1,366.810.900
debt
I,
$1,572,837 Interest
accrued Interest to
WHICH IXTEREST n\S ceased SIMCE MVTURtTY.
'
'.indiMl loan of
.
.,
_..,
...
O"
I,
Itlth'Mtl'S.
..
Silver certlHiatca
Fractional ctirrcney
July
•63
;
Mar.
3,
(
Juno 30. '04
}
634.300 28
23 88
90,000 00
58,913 92
"3V18855
106,257 60
3493,735.309 14
6,986,307
IMPORTS AND EXPORTS FOR JANUARY,
1884, AND FOR THE SEVEN AND TWELVE
$500,522,214
4,229
MONTHS ENDED JANUARY 3h
Amount
—
ttebt
rent fiscal year of the imports and exports of the United States.
The excess of the valae of exports over imports of merchan-
$250,000,000
737.643,530
264.991."i.iO
303.800
14,000 000
.«.'
1884.
IPrepared by the Bureau of Statistics and corrected to Feb. 3. 1384.1
Below is given the seventh monthly statement for the car-
Inlerttt.
Outstanding.
t'l.
13,,375.500
Interest on District of Columbia bonds
Speaker's certiftcatos
Paclfto Railroad interest paid
RECAPITULATION.
KcfiiU'linj,'
49
90
"4;7i9
bank depositaries
colli
Francisco exchange
One ana two-year notes, &o
coitlticat^s
of deposit, Juno 8, 1873
Redeemed
Qn.Trterly interest checks and coin coupons paid
and
Interest
United States bonds
$58,570
346,681,016
18.215,000
108.443,500
110,137,821
8,373,934
Am«eate of debt bearing no Interest.
UnioUfined Paolflc Ballroad Interest
,iit
lilt
rti Ilea tos.
UOtrc)
*-iirrency
«, , «„o nj i
»15.J»'S.241
amt. est'd lost of destr'ycd, act J'e 21,'79
rntemtt hfarintj
^'.il.l
CO
28
41
12,,048,941
New York and San
A mount.
;
17, '62;
;.,
,
a
00
30,,600.070
13, 800,100
45,,808,632
nnt.s
Ti,.n
N
X.i
10
•.
4,.^ir.i. :!._' 9.5
T'
Minor
June 8, "72
March 3, '63; July 12, '83
J
3
Deposits held by national
Fi'liruary 29, "78
.
8i
INTETIEST.
;
>ait
I
1S(!S,
-
(''.
12'
to«
itcs
Friu'ti'tiiiii
July 17, '61; Feb. 12, '62
Fell. 25, -62 July 11, 62 Mar. 3,'63
C.
Ool.l
$151. im.'*!*! 71
j.
!i
C;
1831. $31S.tf30;
Authorising Act,
:
Si!
istir>.
..JJ;},700.
DEBT BEAKtNQ NO
Character of Is$ue.
ilo
29, 1881.
Staiidiird silver dollars
Frnrtlinnl silver coin
at 3>fl por cent, $373,730; (i»
0.350; 5a of 1881, continued
i
,,..;
<lo
FEnnOART
Oold coin
Gold bullion
total of ovor-<liio <lot>t ynt outstanillnjf, wliloh lias novir
ii«l for pavmiMit. of iil2.007,3U"> prliidiial ami $32.',fi4()
u.„.,i. ..,i,i,,„.,.a III this total llio principal is
,.,,ii,..l
•K)0:<lo 1864. $10,100;
-.0; do
1867, $a01,200;
51
$108 73.5.600 11
ASSETS,
N'
1 i.-.
146,22tii,liUl
Total Tronsuror's general account $306,988,162 04
Less unavailable funds
604,710 31 306,293,45173
l.3!tl.
i1
00
^
$l,044.298.8nol!(l20«.230,250
A»:c
40
to
-0
I
151.083,430
ta, rrf. otfa. Fol>. 2n,-79
3a,luvrp.M|july 23,'U8|.
7a*>
,1
01
•
1
1
60 ,7.50 70
10,098 ,8CS 01
I). C!.
and dntflx ouUtandlus
57.l.'i2..S0«
I
»H
1.11
1-
INTKKKST-KKAltl.VO DEIJT
Jtfgitlertd.
46,749, 903 31
3a,7l>7, ,003 1»4
mtitooouiit
Pont-offlae D«i
m
AvOmtMngAel.
281
LuaiLrriM, r>DnDA>r 29, 1884.
FEB., 18S4.
it
'rh« following Ih th» otSriAl Ht«t«iment o( the publio dttbt
l^peara fnitn the books and TreiMinrer'H retaroH tX the olo«e of
bulBMi on thn lant dny uf PebraAry, 1884:
Okanw(«r
1
.
.
THE CHRUMCLE
^3*.J
THE
:
:
dise
was as follows
.$10,677,487
Month ended January 31, 1881
81,00 >.316
Seven months ended January 31. 1984
10;,370,280
Twoli^ months ended January 31, 1384
The total values of imports and of domestic and foreign
exports for the month of January, 1884, and for the seven and
twelve months ended January 31, 1881, are presented in
'
iirdeht
$1.26ti,S40,90O
s'd since mat'rily
12.087,365
$10,037,230
322,610
'
tender notes
346,730,586
18.21.1.000
t'raeti'jnal
218,«81.331
6,936,307
^jmruacy
Total debt bearing no Interest
ITnclatiuod PiuiiOo Kailroad Interest
$l,86t>,430,479
and
MERUHANDtSB.
4.229
Total
Total debt, principal
the following tables
$590,522,214
Interest, to date
For the
month of
January.
$10,361 103
$1,879,791,583
3ii6,293.45l
I)cbt. less cash In Treasury, March 1, 18f34
Debt, leas cash In Treasury, Feb. 1, 1884
1884.— Exports—Domestic
$1,483,501,133
1,« 36,083,7 19
Porthe7
For the 12
ended m'niha ended
I
ni'nlhs
Jan. 31.
Jan. 31.
I
$72,747,006 $462,470,070 $771,146 390
..
_
S.13 6.nl.'>j
17,43-J. 364
1,243,066
$73.0-9.072 $470,9 ilJ.l)9iV'ii.'.'<8./o4,,034
54.312.485 380.260.iiH0 684.414.,o74
Imports
l,U06,Jlti:$l04,37O,i90
Excess of exports over imports! $10,677,187
exports
Excess of imports over
1883.— Exports— Domestic .... .$78,891,278 $495,317,312 .$763.2.56, 333
10.061.121
18.184, 915
1,488.973
Foreign
$30,080,333 $)0ii.01 :.43j $783,411 148
Total
43S.O3(!.!).>0
7o2.833 491
56.071.190
Imports
Excess of exports over imports $23,400,030 $77,.'Sl,J3l $30.383.<i67
Excess of Imports over exports
Foreign
...
Total
$2,532,530
ith
1!
1
LUii
.Tunc 30,
1883
$H7.5'J0.074
uupaitl
11
•
1
$1,372,937
12,007,365
322,610
218,581,321
18,215.000
145,534,291
Of ecrtltlc ates of deposit.
1,
1884...
Total
$396,293,451
Available Assets—
IheTnvwury
I'asb In
OOLD Am> SILVER—COIN AND
$396,293,151
1884.— Exports—Dom.—Gold.
Silver.
do
Foreign— Gold
do Silver..
BONDa laaUED to the pacific railway COMPANIES.
INTERKST PAYABLE Br THB UNrTBD STATES.
Vhameier of
Issue.
Ho.
IransporlaCn
interest pa id
by U.
r.p.,
l,e(M).0<X)
illO..
1,970,360
1,628,320
1,513,147
$64,623,312
.$61,160,798
$17,935,969 $^12,569,730
Pac.
Totnl
I-
1,7'37,385
Kailmml bonds are
$780,607
issued under the acts of July 1,
1,010,075
241.673
3.350.410
$l7,40J.i»y
$11,256,667
5,724.316
«16,0»1,OLJ
388.814
$2,551,880
$1,309,830
894.802
$2,204,441
$347,44*
Silver
.
Xotal
Excess of exports over imports
Bxoess of Imports over exports
1.303..331
5..'>53.068
$36,306. 103
$1.'»,57S.127
0.438.847
$23,036,074
$33,260,219
$422,786
TOTAL MKRCIIASDI8K AN1> COIN AN
JSsr^ixports— bomestio .... $74.4lS,7:i'
2,030.1"
Foreign
Tile following statement,
from the ofBce of the Treasurer,
w!w is.sued thU week.
It ta based upon the actaal retams
from .V-f-sistant Trea.sarer8, depo.iitariea and superintendents of
mints and assay offices
$0,016,2371 $37,513,703
6,986,420
11,020.038
$34,000
Imports— Gold
UNITED STATES TREASURY STATE\[ENT.
3.032.fl3!>
6,840,785
Total
all
9
.
0,300,804
1,163,235
$1,087,464
1883.— Exports— Dom. -Gold.
do Silver..
Foreign— Oold
do Silver..
3. l-*iil;
$
$17,3lJ.l/!i
$524,229 $14,793,060
Total
Excess of exports over imports
Excess of Imports over exports
they are roKlstercd bonds in tho denominations
rJ.OOO and $10,000; bear 6 per cent loterost in currency,
liayablo January 1 .and July 1, and mature 30 years from their date.
1.V
$34,l9.4,UO.>
763,688
$2,408^61
31,6.^0
Imports— Gold
SUver
8.
$3,435,638
14,418.002
2.743.008
11.171.174
$3l,7oK, 1:4
$21,270,351
14,421.700
$33,6U2,341
$1,430,016
3,604.:.39
133.353
7.1S3.949
1,349,709
Total
Balance of
$1,753,783 418,827,053
3,035,051
3,263.371
15,9--.0,582
9,824,362
162,399
1,428.181
9,367
1,717,099
130,905
1,392,211
.Vi
$25,885,120
6,303,000
27.236.513
Interest
retxiiU by
$24,229,108
6,319,423
25.774. 94 i
1,597.808
Ilo.
!.>
AmouHS
Interest paid
oulstatuling.
by V. 8.
.
BULLIOIT.
$122,116
|
Total
imports
I
Bzeess Of exports over imports
Enness of Imports over exports
I
$76,458.1
53, 900,0
4 !>.
1
t
I
l.<
I
780,100, 930
31.333,.736
--<20,34» ,668
72O.10' .015
t'<!0>'t^8,184[ $74,833,.')3i|$ 100.43
'
I
.65
.
.
..
.
THE CHRONICLE.
282
For the 12
For the "7
tn'nihs endedUn'nths ended
Jan. 31.
Jan. 31.
For the
month of
January.
1883.— Exports— Domestic
$30,811,353 $509,1.50,028 $814,700,024
2.1,047,317
14,26j,204
2,087.780
$^2,932, 1-1 $523,415,232 $839,747,311
.
Foreign
Total
59,17.j,''i39
445,007,i)2,!
77.''>.895,455
Excess of exports over Imports $23,7flt),503
Excess of Imports over exports
$7S, 407.310
$03,851,886
Imports
is a statement showing, by principal customs
values of merchandise imported into, and exported
from, the United States during the month of .'annary, 1884,
and the values of imported merchandise remaining in the ware-
The
following
districts, the
houses of the United States January
31. 1884:
I
XXXVIIL
Vol.
on the part of
capitalists.
In consequence of those
value of money has been forced up to the extent
of alx)ut half per cent, and up to the pre.sent time the rise has
been very satifactorily maintained. It is, however, doubtful
if the money market will long retain its present firm appearance. There is no considerable supply of bills in the discount
market^ and the recent spasmodic movement in the money
market has 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.
On the other hand the advance in the Bank rate of discount
to 3}^ per cent has 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 amved, but at all
events the outward movement lias been checked, and some
addition has been made to the supply of gold bj' the receipt of
moderate quantities both from home and foreign sources.
Future Bank of England returns are likely to show increasing
strength. Tlie present week's changes are incidental chiefly
to the financial operations of the government. The payments
of imperial taxation and also for exchequer bills liave varied
the totals considerably, but the proportion of reserve to liabilities is about the same, viz., 40'83 yter 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 quaUty,
and the Clearing House return for the past week, compared
with previous years
feeling
operations
tlie
,
Customs
Md
Baltimore,
Batli,
Brunswick,
Ga
Buffalo Creek, N.
Cape Vincent, N.
Chaniplain N.
Charleston, S. C
Y
,
Chicago,
42,489
Qf>g
249,786
31,303
102,831
43,813
11.458
46,084
111
Corj'us Christl, Texas
Delaware, Del
Detroit. Mich
Galveston, Texas
Genessce, N. Y
114,758
70,471
Gloucester, Mass
HiU'on, Mich
Ke.v West, Florida
4,513
122,571
23.811
40,319
New Haven. Conn
New Orleans, La
NewYork, N. Y
Niagara, N. Y
Norfolk andPortsra'th.Va.
Oregon. Oregon
Y
121,147
53,000
140,735
808,302
2,5S6
318.014
28,191
158,572
108,492
2,773
50,323
51,720
110,989
22,816
1,632
156
3,835
57.017
10.027
351.930
10,921
851,997 18,065,501
10,111
776,172
940,788
315
222,25(5
152.931
153,595
19,798
251,362
7,621
67,838
68,1431
31,457
60,906
186,787
274,415
34,154
833
19,569
Pearl River, Miss
Pensacola, Fla
Fa
,13>,571
801
PlynioutU, Mass
Portland & Falmouth, Me.
Portsmouth, N. II
Pugct Sound, Wash
Kieiiinond,
Va
118,400' 1,212 239
59,490
3.470
2.350.118
333
97.763
206
1.59,9381
3i'.472
66),C03i
92,071
30,831
1881.
1853.
£
£
276
546,461
Bank rate
Consols
Eng. wheat, av. price
Mid. Upland cotton ..
So. 40mulo twist
51,312.485 72,717,906 1,24-2,068'28,90 3,612
p^^cllleta^;8g®ammercta^gMgUsft^^cuTB
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
On-
Time.
EXOHANOE ON LONDON
15-
Bate.
;
Amsterdam
Amsterdam
.
Berlin
Fiankfort...
Short. 12 21-j 912-3>a
3 mos. 12-4% 312-536
20'66 320-70
20-66 320-70
12-2712912-30
25-50 ®25-55
Vienna
Paris
Paris
St. Petersb'g
25-23^ »2o-28%
Genoa
25-50
25-45
<*25-50
22% a22Te
45'rta46ifl
Cadiz
Lisbon
46
....
NewYork...
dem.
Bombay
....
—
48%»40>4
le.
Is.
Time.
Bate.
15 Short.
12-121S
15
15
15
25-47I3
20-48
12-14
Siiort.
<'
....
1
iFeb.
iFeb.
IFeb.
15 Checks
15 3mos.
"
15
Feb.
15 3mos.
25-26
25-25
231 132
....
7\A.
7!lid.
....
15
15
15
15
15
Fci). 15
Feb. 15
Feb. 15
Feb.
Feb.
Feb.
Feb.
Feb.
3mos.
"
4m08.
rFrom our own correspondent.
27,012.121
37=8
5d.
48'9
3 p. c.
99»4d.
428. 3d
6%1.
10%d.
loW.
G
p. c.
p. c.
100i4d.
40s. 8d.
S'wl.
46.'<.
9%d.
67i«A.
97,744,000 132,490,000 153,347,000 131,347,000
^
Open market
Interest allowed
rates.
by
Trade BlU:
Lordon'
-s
Joint
Four
Four
Six
77ire«
Six
Stock
Months
Months]
fdonths: Months Montlis^ Monttis
Banks.
Ttirce
At 7
I
I
H'MJ
Dtsc'l
to 14
|
Jan.
Ill
-
—
im -
®—
—
Day*.
Call.
IM
3
!i«<33 [2«®-iH 3 @3>i
18 3
29*a2!-6'2.'<®SW a^®
"
25' 3
8JS9
2m3l
2«®3M 3 ®3>(i 3;i®3X
8
J3
Feb. 1! S
@3M 8 ®3« SJi®4
••
8 SX 31^®
3>i®3,ii
iii® —\3H®3H
3)i®4 j3J(!g>4M
" 15, 8H IH& -Si^-.3i493HSM(9aHaHmi SH(mi'
-3
•2
2
2
m
i«
a
2
2
2
2«-2«
2M
2H
2«
-2
-2
21i
In reference to the state of the bullion market during the
past week, Messrs. Pixley & Al)ell remark:
Gold— With tlie exception of £:0,n00, sovereigns, t-.ikcn from the Bank
for South America, there has been but little demand for gold, and sovereigns and birs to the value of £211,000 have been sent in. The arrivals
siiuc (lur last have been £11,000 from Au.str.illa, £11,000 from West
iMdies. £1-1.000 from N.w Z -aland, £110.000 from tne Cape; totarl,
£178,00 J. The Taui-vr has takeu £ 15,2 )0 to the Brazils and the P. and
O. steamer £10,OtO to Calcutta.
.,
Silver-An Improvement in the value of bars has taken place, and the
,
b3 quoted as SI'bI. per oz. standard; the dem.and lias
been for India. We have received since our last £ 10,000 from Chili,
£7,100 from West Indies, £60,000 from New York; total, £107,100.
The P. * O. stp.imer has takca £ 1 1 3,000 to India.
Mexican dollars have improved in sympathy with bar silver, ana
thosi brought by (ha French steamer Ville do St. Nazaire, je93,000 m
value, have been placed at 49%1. per oz. chictly for refining purposes.
The Valetta has taken £ 3,500 to China and the Straits.
The quotations for bullion are reported as follows:
price
mav now
'
Is. 71 lied.
Ss.O'sd.
J
Stiver.
1
Feb. 14.
Is. 72\i2d.
3s. 838d.
Price of
Price of Gold.
110-43
4-90
London, Saturday, Feb. 16, 1884.
the "past week a somewhat
In the
quieter feeling has prevailed, and more confidence has been
apparent. There has been no demand for gold for exportation
to Australia, and the rate at New York on London for cable
transfers has risen to 4-89. The Australian demand for gold
seems to liave been quite a speculative operation, but it has
produced a temporary scare, and has led to a very cautious
money market during
20,737,213
The following are the quotations for money and the interest
allowed by the discount houses to-day and same day of the
previous five weeks
^I'f
Sight.
Cab.tr.
"
£
25,433,966
9,868.663
25,294,221
15,829,0G0
20,956,602
16,573,139
,
47-20
®46is
SfeaSJiiiie
Alexandria..
Constant'ple
iFeb.
[Fob.
IFeb.
a25-55
Madrid
Oaloutta...
Hong Kong..
Feb.
1
Antwerp
Latest
Date.
1831.
£
24.733,745
7,757.334
23,241.782
13,130,341
24,384.383
11,748,163
102081.
5''ed.
flJ^d.
•'
EXOHANOE AT LONDON- Feb.
3^
310 p. c.
I01»ad.
378. 31.
Clearing-HousB rel'u
213,732
61.331
7c,41J|
1882.
24.706.815 25,063,010
8,801.020
6,795,103
22,435,210 22,529,501
Qovernm't securities. 13.453.063 12,383,372
Other securities
23,1 10,675 21,883,005
Re.s've of notes & coin 12,890,293 13,237,332
Coin and bullion in
both departments.. 21,007,103 22,605,922
Proportion of reserve
to liabilities
40 83
45
Clrcnlatlon
Public deposits
Other deposi ts
f'Vr depoaltt
2,141
",575
513,1155!
17,34:
:
:
45.3.59
l:0,240
.
1,85«.940
3,10)
268.54!
4,019
54.709
127
Totals
io'iVd
1,213.385
94.293. 3.761,8')H;
dtstricta
1,375.931
39.08 •!
89.9 12
74.341
6,069
21,528
Wilmington, Cal
Wilmiugton, N. C
'"8,258
39,395
90,137
105,771
750
Salem and Beverly. Mass.
Saluriii. Texas
San Diego, Cal
San Praiicisco, Cal
Savannah. Ga...
Toeiie, La
Venuont, Vt
Willamctto. Oregou
Yorktowu, Va
Interior p -rts
All other customs
25,147
972
6.052
53,748
1
'69,676
2,537
908,.506
76,211.
Oswego, N. Y
Paso del Nort^. Tex.& N.M.
Passamaquoddy, Me
437
95
495
491,320
197
5,88
6,058
,181,930 12
,997,704 25
166,472
4,675
35,506
4,933,9'25
4,438
2, ,043,OC9
59,3691
Mobile, Ala
Philadclpliia,
27.758
7,936
ir.
Minnesota. Minn
Oswegatcliie, N.
82,083
.1
183,008
288.829
83,811
114.551
18,937
285
37,905
1,912
1,^10,781
Y
Y
$
182,381
101
3,051,529
239
Beaufort, 8. C
Boston &Cbnrle8l'n, Mass.
Brazos de Santiago, Tex. .
in wareh'se
Exports.
./an. 31, '84
Exports.
803,295
50,457
Me
Mo
Bangor,
Remaln'ng
Foreign
Domestic
Imports.
Districts.
t.
Bar goia. fine.... 01.
Bar gold, coQtaln'K
20 dwts. Bilver..oz.
3pan. doubloons. OE.
3.Am.doublooDe.oK.
U.S. gold coin... 01.
Ger. Kold cotn...oz.
77
d.
9
77 lOX
73 9H
73 8H
76 SV4
Fell. 14.
1
F<*.
7.
a.
d.
77
9
77 10)4
73 9)4
73 an
76 »ii
Bar
silver, fine. .oz.
BarsUvor. containing 5 grs. K0ld..0Z.
Cake silver ...oz.
Mexiann dals...oz.
Chilian dols
fei.
d.
d.
51M
81
Bl«
65X
49Ji
7.
51«
55
495s
oz.
Tenders were opened at the Bank of Englaml yesterday
for £3,000,000 Liverpool Corporation •&% per cent stock, and
the total applications amounted to £2,100,100, at prices v,iry-
ing from £101 10s. per cent to £99, the minimum.
99 will receive about 80 per cent of the amount
those above that price being allotted in full.
Tenders at
applie<l
for,
UiMoa
The Bank
ohiof
(
THE CHHONIOLR.
d, 1881.]
rate of discount
now
•ontitientiil litiea
and open market
riites nt
nnil for tlio previous three
tlu'
week*
have b«en as follows:
eui-ruKs
30.750,801
7,5S«),Ull
24.021.802
3,754.337
2>4.030.483
6,090.14i
bBPOrUof
of Iiome-KTOWD
Mm
21,800,000
produuo
20,300,000
10.333,000
16,403.700
68,705,807
52,017,130
eo,8»MQ3
M.
46*. lid.
flour
/•«.n.
lU .7.
rtti. 1*.
Bank
Rat:
Opm Bank opm Bank
MarM BaU. MorM RaU.
ParU
BwUn
m
nt
«
r^rankfort
~a
61.
M
«4
»H
8«
Tetenbarg..
r*
B
4
8
8M
«H
IK
4
Buabnrti
Aiiuitanlnn^....
roR uoMK ooKiuMrrioK—TMrKirrT rooB wnnu.
1883-84.
1882 83.
18')l-82.
1880-31.
tmporttof wheat.awt.26,74d,488
M.
•Jim.
Ktmiif
MMrMtat
AVAii.Aiii,K
283
«
Rait.
irarktt
4
m
m
»M
,..,...,
B
St4
Ki
8K
B
B
«
B
8M
4
Ki
B
4
a
S
«
n
e
buiih.32,80J,000
41*.
21,400,000
17,100,000
2,374,000
3,003,000
7d.
42ii.
28,100,000
flour afloat to U. K.
as
B
4
id
SO*, lid.
supply of wheat and
IM
8M
SM
8M
Bngllah
loaaon.qrs.
.ly ofwbeat
^
4
95,042,031
-''of
.A"'~-
MarM
~»
«M
8
ToUI
Opm
Bnik
e,4«S,130
12,092,000
qaartera
Exports of wlieat and flour for Ave montlu
8X
Wheat
1881-82-.
OWt 270.651
2111.713
24,118
70,800
243,976
86,019
noor
AnnexfHl is a return of the nuiubcrs, nationalitiea and destinations of the passenfters that left tlie United Kingdom for
phiees out of Euroi>e during the month ended Jan. 31, 1881,
oomj)ared with the corre.si)onding period of the previous year
MOJrrn KNDKU JANUARY 31.
:
:
18'l2-83.
18-(3-Sl.
In the following statement is shown the extent of the sales
of home-grown wheat barley and oats in the leading markets
of England and Wales during the first 2>t weeks of the season,
together with the average prices realized, compared with previoiis seasons
:
SALES.
Alt other
BritUh yo.
America.
Unilad
Slnlet.
Places.
latia.
Wheat
Xalionaliliu.
H81. 1883 1881. 1883.
430
Kn>:li8b ....... ........ J,225 3,411
3i4 589
831 1,002
g,>t)teU
Irl8h
Tot. of British origin 4,410 5,034
731
Foreigners
Natloualitf not dlstln-
908
1884. 1883. 1831. 1883.
S,402
2
84
_™
511
21
<i83
219
5je
938
73
38
~00
61
1 16
288
in a very stubborn state. The
regarded as more favorable to holders
but millers pay no attention to the fact, and only buy from
hand to mouth. After a winter of unusual mildness, the
weather has become cold, but far from severe. B^terly 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 " whiter proud," but if this weather should
<x>ntinue vegetation, which is very forward for the time of
year, will receive a wholesome check. Tlie change in the
weather is advantageous in two ways firstly, by checking
any premature growth of vegetation, and secondly, by improving the condition of our home supplies of wheat. Of late
there have been some complaints that the very mild winter
had affectetl the condition of the wheat in granary, and hence
it wiis considerwl that a better demand existed, and would
continue to exist, for luird and dry foreign wheats. A continluince of this weather should be calculated to be unfavorable
to that demand, but there is undoubtedly a diminished foreign
stock here, as the granary keepers are seeking for orders to fdl
up their warehouses. They will, however, find no difficulty in
effecting tliis. There are large supplies of flour offering for sale,
and excellent parcels are being disposed of at the low price of
only 26a. for 280 lbs. Barley, of which the farmers have been
Helling freely since harvest, owing to the unsatisfactory state
of the wheat trade, is being less freely delivered by them
but those who have grown good malting barley have had
satisfactory returns. Very little good barley now remains to
be disposed of, and a low average price may be expected.
Tliis may dispose many to arrive at the conclusion that farmers
will l)e com|)elled to sell more wheat, as there must be pro-
The wheat trade remains
statistical position is
;
;
;
vision
made
for " waj-s
and means."
The following quantities of wheat, flour and Indian corn
are estimated to be afloat to the United Kingdom compared
with previous periods; Baltic supplies are not included:
Atpretent.
Lull xeeek.
Latt year.
1882.
Wheat
qni.1,770,000
1,830,000
31J.0JO
144,0J0
262,000
163,000
Flour
Indlau oora
Annexed
2,0>S,000
233,000
2J5,000
l.:f:i';.'..'>7
299,107
142,06j
140,369
luU.OOO
1881-82.
1880-81.
2,037,000
159.000
107,000
t.
39 11
Barley
Oats
32 10
19 10
totals for the
Wlioat
Barley
1383-81.
OWt. 26,740.486
9,580,8 17
Oat«
Peaa
Beans
IniUiin corn
Flour
1
1882-33.
30,756,806
0,333.016
The following
uary
6,0-»7,5.S7
1880-81.
26,030,463
7,271.396
5,110,452
5,01»;'iOJ
801.05-1
7.071. 1'Jl
1,273,387
2,892.446
1.11'>,104
0.4-.3,S»6
11, 10-), 878
16,01)5,333
6,99ii,14j
7,658,011
3,744,337
e,io5,iio
1.0.-52,i53
4.736,635
8S5.196
810.701
d.
1
I.
9
d.
42
33
7
21
2
6
:
1882-33.
figures relate to the
month ended
81st
Jan.
:
IMPoBTS.
1883
1882
Cotton
cwt.
Wool, sheep and lumbs.. .11)8.
2,349,778
26,335,223
I,582,<,n0
21,':83,3S9
1884.
2,037.704
60,309,534
exports: foreign and coloniaf..
Cotton
owt.
Wool, Bheop and lambs.. .lbs.
169,729
10,345,661
100.4,17
7,943,643
121.524
8.012,953
EXPORTS: BRrnsn and IRISH.
and fuel. ..tons.
Wool, sheep aud lambg..lbs.
Cotton yaiu
lbs.
Cotton iiic'ce goods.... yards.
Coal, coko
Jnteyarn
lbs.
Jute piece goods
yards.
Linen yarn
lbs.
Linen piece poods
yards.
SlIkniauulMturea
«
Wooli-nandwor.stedyani.lbs
Wool fabrics
Worsted falirlos
Flannels
Cirpets
yards.
yards.
yards.
yards.
BlanknU
pairs.
Copper,
unwrought
wrought
owt.
Iron and steel
1,449,497
1,001.100
20,153.500
370,047,700
1,657,200
1,588,358
900,SOO
19.91-2,000
410,7».i,400
tons.
The following were the
17, •-'23.000
1.4S0,500
l,829,iOO
18,830,500
1,497,500
18,748.400
17,«.^2.70l)
17,.52l,10O
271,.578
17,043.000
15.',010
26i,945
2,218,900
8,749.400
14.558.800
872.000
943.000
139,600
67,223
317,390
82.222
289,802
101,142
243,592
1,635,003
2,235.600
7,723,200
10,550..500
1,046,100
1,006.700
Exported to^
& Madeira.
ItaU-
Austrian Terrltorlee
Greece
Turkey
Egypt
Africa (For.)..
ODited States
Foreign West Indies
Mezioo
Central America
United States of Colombia..
Venezuela
BrazU
Druguay
Japan
butch Possessions
216,238
2,691,200
8,87i:.200
1.-232.700
826.700
157.871
manufactured
compared with the corres-
quantities of cotton
1872.
Xardt.
Qermanv
W^tCoastof
30O
WO
ponding month in the two preceding years
Portugal, Azores
341.6.'>1
14.942,
l,78i.20O
piece goods exported in January,
Holland
Belgium
France
1.712,407
1.370.5C0
20.14:1,200
and
4,063,000
4.659.600
4,015,200
8,120,400
4,431.000
5,886.300
703,800
4.330.900
35,748,800
7,916,400
2,876,600
12,603,300
6.313,600
2,654,400
2,598,800
4.026,300
2,652,200
18.630,500
3.070,200
5,433,300
12,293,700
2,181,600
41,198.200
West Coast of Africa (Brit).
British North America
British West India Islands It
Oulana
British Possessions in South
:
1883.
TanU.
3,962.500
4.257.100
4,096,600
6,252,700
5,264,600
8,983,600
865,300
2,645,600
1834.
Yards.
5.35.).000
1,681.300
3,364,800
2,869,300
7,256,000
20,348.300
8,543,400
8,550,100
7,686.100
3.344,500
2,315.000
3.609.600
2,892,100
15,068,900
3,303.700
7,813,300
4,751,300
941,900
36,147,300
2,627.800
7,283.500
4,461,000
912,700
2,352.200
3.161,900
8,629,100
4,731.800
6.345,300
4,712,800
5,076,200
9,270,300
1,277.900
3,243,900
21,345,700
I3,05H,800
4,439.100
7,668,900
4,683,000
1,967.000
4,095,600
2,183.500
3,228,600
18.612,900
2.805.500
5.011.300
5,623,300
2,751.800
20,924.300
2.487.300
10,528,300
2,818,900
1.398.000
1.317,000
3,862,300
2,830,900
4,339,300
3,900,900
3,603,000
4.7U.50O
in India..
HalU
1881-82.
28,920,802
$.
46 11
33 8
20
1
1830-31.
1831-82.
19,333,000
16,403,700
Wheat...., .cwt.21,800,OJO
20,330,030
Q^Thls agKretrate U arrired at by multiplying the salas In the 187
miulteta above by 3I3, and that result Is reduoed to owt. by multiplying it
by 413. This propurtiDu betwee:i the 187 m.irltets and thetotaU for the
kmgdom I3 a(iopte<l by tl>9 L')udou graxu trade and is accepted by it aa
producing a result approximately correct.
1883-84.
Pblllppine Islauds
OlbrallBr
IMPOBT8.
d.
whole kingdom are as follows
Kingdom, and the exports of wheat and
compared wfth previous years:
months,
«.
41
34
20
Converting quarters of wheat into hundred-weights, the
ArgentUie Republio
ChOl
Peru
China and Hong Kong
flour for five
1832-8J.
d.
Wheat
a return showinji the extent of the imports of
produce into the United Kingdom during the first
twenty-four weeks of the season, the average price of homegrown produce, the visible supply of wheat in the United
States, the supply of wheat and flour afloat to the United
is
cereal
18il-82.
AVBKAOE rKICES.
1883-84.
597 4,563 l,198'l,329|l,5C0
5,161 5,942
!(U.425
l,•'0:,^2;
24
165
ISSaSl.
1,116361
111
134
ffulshed
Total
188283.
1.176,5!n
1,546,531
912
370 4,463 4,127 1,019 1.017
27
Barley
Oats
1883-84.
qrs. 1,512,181
2,433,099
8.323,200
6,49'J.6O0
2:<,052.200
,
2,110,600
1,422,500
1,187,600
Madras
49.139.800
6.900,700
Bengal
63,O68,.5O0
69,787.200
0.619.400
84,357.500
67,359,200
6.341.400
63,608,300
Africa
1.315,<;67
British East
1.101,141
Bombay
Indies-
:
,
.
:
THE CHRONICLE.
284
Exported Io—
1882.
Yards.
5.733,600
1,357,500
7.016,900
10,149,000
1883.
Yards.
10,184,200
1,730,600
7,233,200
11,820,500
7,050,800
1,710,200
9,220,300
8,638,700
Total unble.iched or bleached 251,647.300
Total printed.dyed or colored 115,996,100
Total mixed materials, cotton
predominating
3,004,000
284.617.200
123,445,700
233,574,800
108,055,900
British Ea<jt Indies—
Straits Settlements
Ceylon
Australasia
Other countries
1884.
Yards
2,730,500
20,600
Grand total
370,647,700 410,793,100
Other manufactures of cotton show as follows
341,651,300
*
*
and patent net
Hosiery of all sorts
Iiace
1883.
270.869
122.147
1,371.030
97.051
5,434,820
lbs.
Thread for aewin;?
Other m'fs, nnenumerat'd.£
Tot. value of cotton m'fs..*
According to the above the amount of legal tenders on
1 with the Treasurer of the United States to redeem
deposit Mar.
was $i0,315,369. The portion of this deposit
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
national bank notes
made
months:
284.919
282,986
124.703
1.124,000
105,114
4,927,725
112,916
1,122.500
97.618
5,896,437
and during the past year, compared
31,
the two previous years
IMPORTS.
1381.
1882.
£
the
1,030,355
77,839,315
10,015,755
90.661,441
7,859,823
0,653,590
305,283
6,628,490
152,483
7,158,309
304,884
Feb. 1.
1.
Insolvent bks
838,927
850,431
28,640,592
1,155.706
29,593,316
1.370.831
794,468
1.
$
752,021
776,057
Reduc'g und'r
act of 1874. 21,685,538 22,236,913 25,352,098 27,551,898 26,784,058
35,756,308 36.152,101 39,300,844 41,447,388 40,315,369
Total
—
Bonds held bt 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
We gave the statement for Feb. 1
1.
Chronicle of Feb. 2, page 136, and by referring to that the
changes made daring the month can be seen.
depositories on Mar.
Sat.
per oz
d. SI'S
Consols for money
lot's
10131
Consols for accotmt
Fr'ch rentes (in Paris) fr. 7610
11558
U. 8. 4ifl8 of 1891
Stiver,
common
-
51%
51
55%
91'8
92%
134
60%
la
29:%
60=8
i9'8
IU7''8
118%
II8I3
Thurt.
^.
.511a
5118
101=8
101»8
10in,(,
lOl-'s
lOllSiB
76-40
11514
Wed.
|76-47^ 76-35
1:514
125''8
126
55=8
55%
93 14
93%
25
25%
1115%
!
l:i3ia
132%
CO^s
60%
30
120
55%
9319
25%
Act July 12, 1882
Currency 6s ... .......
5 per cents
4^ per cents
....
Sat.
Bank
:
d.
».
d.
1.
d.
9
11
11
9
7
8
9
7
Xolal Beld.
$188,487,800
3,488,000
$197,667,250
3,608,000
1,484,500
6,066,050
42,020,900
107,536,350
43,505,400
113,602,400
Total
$16,850,000
$311,533,050
$338,383,050
—
Coin ME bt 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
1884.
Month of February.
119
2%«rx.
"
Winter, West., n
8
"
Cal., No. 1
8
"
2
7
Cal., No.
"
5
Corn, mix., old
•*
5
Com, mix., new
Pork, West. mess. . fl bbl. 73
Bacon, long clear, new.. J5
BeefH>i'. mess, new.'^tc. 95
Lard.prime West. ¥ cwt. 48
i71
Cheese. Am. choice
»
9
8
8
9
4
8
8
7
3
3
5
OI2
8
4
3
9
5
8 3
7
9
5
3
l-i
5
lifl
6
72
43
95
73
45
95
18
71
6
i
48
71
d.
8
8
9
7
8
4
8
8
3
8
,.
8 7
8
U
H
4
».
U
9
8
8
8
Tuio
Months of 1881.
Denomination.
Value.
Pieces.
4.
t.
9
7
11
8
8
8
9
8
4
8
4
3
8
3
9
7
7
9
7
9
5
5
4I2
OI3
5
41s
5 41a
4 III2
71
6
44
94
47
72
95
49
171
72
14
94
47
71
Double eagles
7
Standard dollars
Half doUara.
Quarter dollars
:
Georse W. Poet, President; Lee Lore. Cashier.
Bank of Plankinton, Dakota Territory. CapRobertW. Welch, Prosidoiit; George U. Welch,
First National
tal.
$30,000.
Cashier.
3,131—The Fort Worth National Bank, Fort Worth. Texas. Capital,
$125,000. H. M. Van Zandt. President; N. Harding. Cashier.
Capital,
3,132— The American National Bank of D.allae, Texas.
$100,000. W. H. Thomas, President; E. J. Gannon, Cashier
Leoal Tbndeeis asd National Bj^nk Notes to
Mar. 1. The Comptroller of the Currency has furnished us the
following, showing the amounts of national bank notes outstanding Feb. 1, together with the amounts outstanding Mar. 1
and the increase or decrease daring the month; also the
changes in legal tenders held for the redemption of bank notes
Chanoes
i.v
—
155,480
30
30
3,109.600
300
150
30
30
30
75
30
7-.M50
1.449,000
155,630
3,110,213
2,350.000
4,700.000
4,700,000
sso.fcbo
33.666
],-i80,c66
rjs.iioo
2,680,000
2,333,000
6,080,000
-1,838,000
890,000
41.500
2,701,000
139.550
236.606
"•i'.soo
l,262'.sbo
i-i'.ois
Total minor
1,120,000
46.800
3,993,800
151,578
Total coinage
3,872,450
3.878,8)0
10,229,130
8,009.823
ijiuies. ,.
National BANKs.^The following national banks have lately
been organized
3 ,129— The St. Paul Nalioiial Bank. St. P.aul. Neb. Capital, $30,000.
$
1,449,000
2,350,000
6
171
Total silver
Five reuta
Three cents
3,130— The
72,450
Eagles
Half eagles
Three dollars
Quarter eagles
Total cold...
9
4ifl
4',
Value.
Fri.
rf.
5
Seciire-
Circulation.
$
Flour (ex. State). .100 lb. 11
"
Wheat, No. 1, wh.
8
"
Soring, No. 2...
8
"
9
Winter, Smith, u
to
Bs, ext. at 314
30
Wed.
Tuea.
jM0»».
1884,
$9,179,450
120,000
Pieees.
Liverpool.
1,
13319
601a
118%
ill9
Bonds Held Mar.
PublicDeposits
in Banks.
3s,
London
5118
I1C2
134
eoss
29^8
Philadelphia & Reading.
'
76-35
1151a
126I4
55'8
9338
2588
26J8
13454
.
New YorkCentral
Tuet.
76-25
115>2
126 14
6578
25 '9
stock
rUlnois Central
Hon.
'.OlHia 10158
10115,8 101%
I26I4
U.S. 4s of 1907
Canadian Pacific
Chlo. Mil. &St. Paul....
Pennsylvania
U. S.
26,500,419
816,644
BasIIsb ITIarket Keporcs— Per Cable.
daily closing quotatioas for secarities, &c., at
London.
np
ifor.
$
Liquid't'g bks 13,220,336 13.076,261 13,154,278 13,143,469 12,755,254
Description 0/ ISonds.
and for breadstuffs and provisions at Liverpool, are reported
bjr cable as follows for the week ending March 7:
Erie,
Jan.
1.
$
in
year—
To ports on the Atlantic
Do do
Pacific
The
Dec.
1.
quarter—
the
To ports on the Atlantic
Pacillc
Do
do
For
&
22,027046
—
the
For
1883.
S,
22.296.304
1,822,251
20,279,551
2,106,573
year
Prom ports on the Atlantic. ...95,163,010
Do
d»
Pacltlc... 8,016,548
EXrOKTS.
for
witli
:
For the quarttr—
From ports on the Atlantic
Do
do
PaclUc
Nov.
1884.
Annexed is an official estimate of the value of the imports
and exports from and to the United States diu-ing the quarte''
ended December
(1)
Deposits by—
:
1882.
XXXVIU,
[Vol,
.
.
.
—
IMPOBTS AND E.xpoRTa FOB THE Webk. The imports of las
week, compared with those of the preceding week, show a decrease in dry goods and an increase in general merchandise. The
?9, (545,261 the pretotal imports were $8,239,074, against
ceding week and $8,630,982 two weeks previous. The exports
week ended FeD. 26 amounted to •'^5, 046,46.5 agains t
$5,264,482 last week and $6,394,219 two weeks previous. The
for the
following are the imports at New York for the week endinff
(for dry goods) Feb. 23 and for the week ending (for general
merchandise) Feb. 29; also totals since the beginning of fiist
week
in
January
FOBEION IMPOBTS AT
to Mar. 1
MBW
TORS.
—
National Banti Notes
Amount outstanding Feb.
Amount issued duriug Feb
Amount retired during Feb
1,
Amount outstanding Mar.
Legal Tender Notes
$318,761,159
1884.,
,
,
1,
$509,004
3,346,710
—
2,837,736
$345,94',423
1884*
deposit to redeem national bank
notes Feb. 1. 18S4
Amount deposited during Feb
Amoimt reissued & b'nk notes retired In Feb.
1,
1884
Since Jan.
Dry goods
1883.
1884.
1881.
1882.
t3,932.942
6,312.571
$3,572,402
7,340,575
$10,245,513
$10,912,977
$11,339,604
$8,239,074
$28,930,517
58,441,513
.«27.076.029
53,939,176
$24,996,714
51.233,149
$87,372,030
$j 1,065,205
.$76,229,863
$4,502,568
6,837,036
il,SS7,984
6.331,090
1.
$41,447,388
(}en'lmer'dl8e..
$23,313,781
47,232,504
1,132,019
Total 9 weeks..
$70,416,288
$845,640
1,977,650 -
deposit to redeem national
banknotes Mar.
'
Dry goods
Sen'lmer'dise..
Total
—
Amount on
Amoimt on
For Week.
$40,315,369
Cireulation of national gold banks, not iuoludod above, $639,879.
In our report of the dry goods trade will be found the imports
of dry goods for one week later.
March
1894.
6,
:
:
..
THfi
|
CHRONK^LR
8Ut«m«nt of the eiporta (HiclaxiTH o
from th"* port of New York to foreign portH for th'
wa«k eodiDK ftUr. 4, 18M, and from Janaary 1 to date
zroKTii raoM hbw tobk roa Tiia wekk.
The
the
following; is a
'
1883.
1883.
1881.
«8.07)l.353
Prev. reported..
31,253,210
Total n weeks..
1884.
•.i,0li:.4rti
4H,50.'),3<17
f57.g20,Sa3 •63.798,816
•67,393.592
•53,551,833
following tablH showH the export-s and importM of Rpeoie
The
New York for the week ending Mar. 1, and ainee
and for the corresponding periods in 1883 and 1883.
at the port of
Jan.
1,
1884,
XPOKTS AXU IMPOaTS OF BPaOIB AT
HBW TOKK.
statement
waa
rabmitt«d
:
Coal
prodnatlon
a,34R,000 and additional tons parehaaed 98,000. Of tnia tmoant
1,B30,U00 were shipped to Port Johhston, and the remainder to
points on the Rxading road. The amount expended for improvements and charged to expenstM waa $276,000. The mort?:age debt was redaced $406,000 (ezolnaive of $84,000 depoaitad
or redemption of bonda). Of $500,000 Bve-year mortgage
•pecie)
Fortho week...
following
285
bonds which matured Jnly 1, $200,000 have been extended foar
years and sioklag fonds continaed for the redemption of the
mme. The company paid interest on incomes durinir the year
and 3^ per cent on $6,116,000 conaol. bonds held by the
Jersey Central Railroad. No definite action has yet been taken
regarding the proposition to lease the property to the Read-
The election for offlcera resalted as follows: President.
H-TilliDghast; directors, H. S. Little, John Keen, Oeorge B,
de Keim, C. C. Knight, F. A. Comly and B. Williams.
ing.
W.
& .Nashville—The Ohio River is to be bridged
Henderson, Ky., a syndicate having taken the $2,000,000
bonds of the Henderson Bridge Company, to provide the funda
LonisriUc
Import:
Jteporte.
at
<h>ld.
Week.
QreatBriUln
SiHeeJan.1.
Week.
SituieJan.l.
for that purpose.
The Louisville & Nn^liville Railroad Company, the Southeast & .St. Louis Railway Company, the Rvansville & Tcrre Haute Rjiilroad Company, the Peoria Decatur
14,491
Evansvillc Railway Company antftlie Louisville Evansville.&;
5.'>,358
St. Louis Riiilway C!ompany have entered into a trafTio agree48,431 ment with the Bridge (!omp.iny for ninetj--nine years. The
traffic of the several companies named, lx!tween the cities of
• 118.280 Henderson, Ky., and Evansville. Ind., which is now done by
468,M84 ferry transfer of ten miles, will !» greatly increaaed when the
341,778 bridge, is completed, making the railroad connection continuous and direct from ,St. Louis and Chicago to Nashville and
»I,068 points south of that city.
The masonry' work of the bridge has been under way for a
37.052
140.470 year i).aat, iuid is nearly completed, the Louis. & Nash. Co.
664,325 advancing to the Bridge Company the necessary funds. The
34,132 superstructure has been contracted for, and is to be com6,000 pleted and the bridge opened to traffic in December of
this
•
•
•2,000,000
•2,148,042
31.V,6o6
315'6o6
i',753
o,6o6
11,000
56,467
43,751
4',iV5
•2,335,000
•2,563,263
63,650
9,113.998
•5,808
12,809
12,136
•370,600 92,707,354
151.026
16,990
»],0G9
i'.hso
i.650
2,630
36.345
47,520
10,6V6
86,986
10,942
$397,870
6.890
•2,944,795
2.191,133
[2,177,343
&
Qennanr
Weat Indies
Uexico
Smith A-merlca
All other oouutrlea.
.
Tetal 1884
Total 1883
Total 188:i
2,285,6o<>
.
Bilv«r.
Great Britain
Wist liu'lles
Mexico
South America
All other ooun tries.
.
1884
X.itMl 1883
Total 1882
T.>t:il
•111,606
75,458
40.340
•883,0-17
year.
The bridge is to bo 53 feet above high- water mark, complying with the requirements of the Federal law, and avoioiag
the necessity of a drawbridge.
Of the above imports for the week in 1884, $1,130 were
This i.s one of the most imjwrtant 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 tiiat comexports daring the same time $2,023,000 were American gold coin pany that the enteqirise has been projected and put in the way
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 Cprresoy of the Arokntine Republic.— In our arti- companies centering at Evansvillc.
The Louisville & Nashville Cumpany^nnoances the oomcle on the gold supply and distribution of Jiinu<ary 26tli, in
Eletion of the Owensboro & Nashville road. About fifty miles
ave been completed dnring the past year. The road will be
speaking of the new demands constantly making npon the
operated under a separ.ate organization, not as part of the Louisworld's sitock of gold, we refen-ed (page 102) to the Argentine ville system- The Louisville Company ownecl
at the date of
Republic and its currency reform. According to tlie law of the last annual report |9J9,400 out of a total issue of $1,156,500
2ie,<100
65i),0U
296,082
&
;
—
.
of stock.
October, 1888,
required to
banking institutions of that Republic were
all
make
Oregon & Trnns-ContinontaL— A legal opinion has been
The given sus to the liability of stockholders in this corporation,
a circular wliich may lie condensed as follows When this stock was
their notes retleemablo in gold coin.
London Statist of Februarj- 9th says tliat, in reply to
note issued by the President in November last, the ))anks
have now declared that only a short time will te sufficient for
the withdrawal of the notes they have in circulation which
are not in conformity with the Act of October, or for making
them legal issue by means of stamps or notices in the papers.
The ground, therefore, lx>iiig clear, the President of the RepubDecember
decree<l in
lic
:
originally issued in 1881, the sulKcribers pafd in only 83 per
cent of the par value of each share, although they received
certificates stating thixt each share had l)een fully paid up.
It
appears that 17 ))or cent of the nominal capital lias never been
paid into the treasury of the company, and that under the
constitution and laws of Oregon, under which the comijany
was organized, the holders of stock are liable to the creditors
to the extent unpaid ujion each share.
The Supreme Court of Oregon has held the
as follows
liability to the
the following order First, the corix>ration
second, the last liolder of the stock, if he
lie solvent, and, third, the prior holder to the extent of debts
existing when he held.
[On questions of technical law, such as this, it is desirable to
liave an opinion on both sides.]
creditor to
AnT. 1.— A period of six months
hereby allowed to
b.tnks of
issnn tlint wiKli iheir not^a to be renelvable In theScateoftlces, to comply
•n-lf' '
"ith, and this (Incrcc, by chsnclngtlielr present
"'I'
ini; forth on tlio new ones that they arc pnyIs
tho.'^e
-r"
:
money at .'*it,'lit.
to such bnnks ns, from any cause, maj- bo
for the new one, during which time they
"ip on which they pr.imlse to pay bearer in
'II
i.'..i.i. or i.y notii iM in
the leading papers of the capital of the
r-iiuu- t( nor. ni.ike their Issue ICKal.
.\KT. .i -The time referred to In the foreftolnj? article shall commeneo
to
from thirty days after the pnbTic.itlon of this decree; and If,
.1 time sluiil have e.tplred, the hank.'* shall nut havolicRun to
\ri
tiietr Leslies ffir new notes, their legal privileges sliall ceu.se
.,.
..
ill.. .,:,!. :., -,.:'. .\
.uue.
ienoral of Banks of Isgne shall be estabnh
m!<1
'
\
^
ert
I-
must
.
:
I
'
ii.-i,.
,i.
.1
;i
.
I
.ii,,i,,
I
li.
it is
T
Anr. i;,— Hiiil
iidl be examined by the Directors and
submitted to tin
r.
ART. 7.— The
id the rcjwtts and observations made
on saiiii. shall l>r kcp! Hin.iiy
In. tly private, anrt
and sliall
shall only be availed of to
ni^l.ii. -iiich iirinlent measures as nuiy be necessary for the security of
til, K. iMiblie.
To till" effect, If he consider It necessary, the Finance
Minister may oriler the Director lo have the bainnoe-sheets audited.
Akt. 8--The Finance Minister shall Ihsuc instntctlona for the receipt
of the notes of such banks as comply with these present provisions. The
I
others slftll bfcxclii-lcd.
AiiT :i.-Tii,' iiiiiii-oAIIn'sterBhaUflz the administrative attribntca
of the Dirc.tor li.ri.ral of Banks.
Art. 10.— Let this be duly reported to the Honnra'do Congress, communicated, Ac.
RocA. V. de la Plaza.
It will be rememlH-red that throughout the o.irly part of
I
188.3
the quotation of notes
and
in
Lehigh
«
s|x>fi(.'
:
;
St. Panl Minneapolis * Omaha.—This company,
stated, hiVH sold $1.100.(HM) 6 per cfiit coilsoIs, which they
sell, to II. B. llollins
Co.
&
were authorized to
—^The following,.«eldom
or never sold ^^ ^^^
Stock Exchange, were sold at auction this week by M«aM8.
Adtiau U. Muller 8i Son-
Anction Sales.
S/imrJt.
-
Juno
in
,!.,, Ill,- lit.
A li .*>.- 1 Mose iiaiiks at jin'sent authorized to Usuc notes, or whose
Issue has been eonpcnted to by the National Government, and which,
havlns coin)ilied 'vith the provisions of the Act and of this decree, wish
tlo-lr n.ilo- to 1.
State ofllces, must apply to the blrect.;iTi.-i:iI ,ii I;
'uselves to send la montlily an exact
l..,l.il..,- -SlilMt o
iuiwing Its Issue and reserve In coin. cfcc.
I
lie
exhausted
Chicago
I
in
Ije
was very nearly on a par with
payments were
Wilkcsburre
msetini; of the Lihigh
&
rcsiiiuo<l in tlie
gold,
country.
t Oiil
Coinpunv.'— Xl thnTnnual
Wilkesbarre Cjal Company last week
00 Brooklyn Fire ins. Co
.170>a
10 American Kxch. Ins. C;o..l 12>ii
10 American I.'^: & Trust Co. 109
-
10
1
Ij.
I.slimd l.'n
& Trust
Co.l07>*
Membership Maritime Ass.
of New York
^150
lONatlonai Pahquioquu B'k,
131
Danbnr>-, Conn
20 Bridgeport Nat'l Bank...l7.^
10 Nassau B'k of Brooklyn .202
65 Boston & Maine Boiling
Stock Co
$18 perrhare
10 Housatonlo Rolling Stock
Co
$20 per share
5 Clark MTg Co... $10 per share
100 Standard Consol. Mining
6«8
Co
l.OCO Atlanta mil Gold Mining ,t Milliiit? Co.2.^c. |>er share
100 Sir Roderick Dhn Gold
-
Sharee.
1,000 Hjliemla Silver Mining
Co
Lot. S140
500 Trinity Hydranlio Gold
MiningCo ..
Lot. 93
600 Northern Bell H1U& Mining Co. (subject to 8 p.
c.
aBScssment)..
Lot. $10
100 Eiinituble Gas-Llght Co. 95>«
New
50
York Gas-Llght Co. 192
150 Manhattan Oas-LlghtCo. 269
80 Metropolitan Qas-Ucbt
.
Co
232
lOOKnlckcrlMickcr loeCo 99»li9>s
7 Niagara Hre Fns. Co
127
15 Brooklyn Bank (hypothe-
130
catc<I)
12 American Exch. Flro
200
Ins-
Co. (hypothecated)
113
Amerfoan District Tnlograph Co. of Brooklyn ... 30
291
Central Trust Co
.".Lof.*l-50
Mining Co
60
SOO Cherokee Gold Mining
40 Hanover National Bank. 158
Ixit.Sl
Home Ins. Co
140
80
Co
100 Breeoc Mining Co ..Ij)f. •!
38 Great Western (Marine)
'JOO Julian Tiold MinlngCo. &
Ins. Co
48
200 nit« Gold Quartz Co.
3,750 Lewiston
Hydraulic
Lot»3
HtoiDgCo
Lot.*ll
;
.
THE CHRONICLE.
286
[Vol XXXVin.
The rates for actual business remain also unchanged at figures
which justify the export of gold, viz. Sixty days, 4 86%;@4 87demand, 4 89i^@4 %9%; cables, 4 90@4 9034'. Commercial bills
continue comparatively sciu-ce at unclianged rates, viz., 4 85®
^
%hz jankers'
daaette.
DIVIDBNDS.
:
4 851^.
Kame of Company.
-
KpI "Rivpr
Per
When
Cent.
Payable.
Railroads.
^niiar
\
1
March
3
April
April
1%
Union Pacific fauar.)
West Jersey (con v. scrip)
3
Books Closed.
(Day» inclugive.)
.
Quotations tor foreign exchange are as follows, the prices
being the posted rates of leading bankers:
^
1
1
ilarch
March 11
to Apr. 1
March 15
7.
E^me bankers' sterling bills on
Sixty
London.
Prime commercial
4 soil
4 86
Documentary commercial
NEW YORH. FRIDAY, MARCH 7. 1884-3 P. M. Paris
(francs)
Amsterdam (Kullders)
The Money Market and Financial Sitnation.—Aside Frankfort
or Bremen (relchmarksl
from some excitement in tlie stocli market incident to a partial
corner in Delaware Lackawanna & Western, and some general
interest in the outward movement of sjiecie to Europe wliich
has been very pronounced tliis week, there have been few
The chief
special features in the general financial situation.
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 encouragmg feature in the general situation, are now in many
Dayt Demand.
4 87ifl
4
85 13
5 16^8
514S»
40 14
403)3
P514
96
United states Bonds.— Government bonds have been less
firm, and are 38@/i^ lower for the 4s and 4i^^s than a week ago.
The closing prices at the N. Y. Board have been as follows:
1>«8,1891
4>«8,1891
..reg.
.
coup.
Intereti
Mch.
Uch.
Mch.
Meh.
UcK.
Periodt.
1.
3.
4.
5.
7,
Mar. *113is USis 113% 11: '4 11338*11314
Mar. 'X131-! 113ia»li:ii< 11314 •113i4ni3i4
x22%,*122%,*122\ 122% -12234! 122%
COHp.
123'8*l2t%*123% 12351 123?i *123%
*'01 1*101
101 1*101 1*101
101
Further, the stocks of exportable domestic 38, option U.S. ..reg.
'95.
our'cy,
reg.
129
120 1^129
129
129 1*129
68,
commodities do not find a ready market, and the visible supply 68, car'cy, '96. •reg.
131 *131
131
131
131 1*131
of grain in the United States is over 10,000,000 bushels larger Ss, cur'cy, '97. -.reg.
"133
13.^
133
133
133 '133
135 *135
135
135 135 *135
than at this tune a year ago and over 20,000,000 larger than Gs,cur'oy, '98. ..reg.
'99
•137
88.
our'OT.
ree.
137
137
137
137 1*137
two years ago.
* This is the price bid at the morning board
no eale was male.
In this situation of things the aspect of our foreign trade, as
compared with this time last year, attracts more than the
U. S. Snb-Treasnry. The foUowmg table shows the receipts
iisusu attention.
The oflScial report of the Bureau of Statistics and payments at the Sub-Treasury in this city, as well as the
shows that in January the excess of exports over imports was balances in the same, for each day of the past week:
$19,677,487, as compared with $21,621,600 in December, and as
'BtUatxcet.
against $23,409,055 in January, 1883. There is, no doubt, some
Paymenlt,
Date.
'Reeeipi*.
Coin.
Ourreney.
which,
if
it
could
be
deterunder-valuation of imports,
mined, would reduce the credit balance in our favor but the
%
%
$
721 841 57 120,755,231 r^e, 10,797,300 67
703.446 45
balance is certainly quite large, and would be considered satis- Mch. 1..
"
3..
2,234,083 6(i •2,913,188 61 120,382,902 39 10.480.524 89
factory except that foreign capital has, for the time being,
••
],25;!,677 06 120.751.737 11 10.3H0.304 30
4..
1.519,291 19
ceased to seek investment in American railwav securities and
"
5..
1.141,051 35 12,127.038 40 n9.010,481 Hi 10.235,572 00
"
916,756 85 120,076,446 S8 10,192,179 41
some of our stocks and bonds arc coming back here, while at
6..
1,339.329 08
"
3,082,773 81
857,718 33 122,49^,358 43 10,000,323 34
7..
the same time foreign balances are being withdrawn from us,
either through fear of our currency laws or through the Total .
10,0X9,975 54 9,037,220 82
As the result of these
offer of better remuneration abroad.
* Includes $."00,000 gold certiflcatos taken out of cash,
features, the expoi-ts of gold have assumed considerable magt Tncludes $1 ,000,000 gold eectillcatcs taken out of cash.
nitude, and for the week to Satuixlay night they will reach
State and Railroad Bonds. The railroad bond market
nearly seven million dollars.
One feature of the financial situation in connection with the during the past week has recovered from the depression noted
stock market in the List week or two is that the general sup- in the closing days of the preceding week, and there lias been
ply of stocks for loan in the market has apparently diminished. a pretty general gain in prices over those of Fiiday, the
There sfems to have been something of a change in the general 29th. One noticeable feature of the market is that there has
policy of the large owners of stocks in regard to lending them, been more doing in the regular investment issues and firstand it is also thought that a great many have been withdrawn c]a.Hs bonds, and prices for these especially have advanced.
from the loan market and put into banks as collaterals for time This feature is regarded as indicative of a more gener.al moveloans.
The incentives for this change are, first, to sustain the ment of capital for investment in bonds for the sake of the
prices of stocks by making it less easy for the bears to boiTow interest.
Fluctuations
the principal is.sues of bonds during the week
stock, and, second, to secure time loans at low rates of interest,
in view of the possibility of higher rates of interest later on, have been: West Shore & Buffalo 5s, which ranged at 56l.«Si
5^@55^@5^l4(^553i(, Erie second consols at 93@94@92@!)3@
under continued exports of gold.
The money market has shown some faint symptoms of a 923^; Texas & Pacific land grant incomes at 48J^@48?4@51(ii)
change from the dead level of the la-st several .months the 50; "do. Rio Grande Division firsts at 12'4((b72li@71%@12^;
rates for mercantile discounts were advanced on Monday ij Wabash general mortgage 6s at 66@67@6.5@67; and do. Clncent, to 4 and 5 per cent for double names for 60 days and 4 cago Division fii-sts at 77)^@80; Milwaukee & St. Paul Wisconmonths, and to 5 and 5}^ for single names. On Tuesday the sin & Minnesota 5s advanced IJJ4; Burlington & QuiiK y debenrates for double names were quoted at 4 and 4J^ but went ture 5s, 11^; Canada Southern firets, ^4; Burlington Cedar Rapback to 4 and 5 on Thursday and again to 4 and 4i| on Friday. ids & Northern firets, %; Cliesape^e & Ohio firsts, series B, 1
The net result is no alteration during the week in the rates for per cent; San Fi-ancisco seconds, class B.'& C, 2J4; Northern
double names though the rates for single names ai'e } ^ cent Pacific fii-sts, -X; New York Chicago & St. Louis fii-sts, J^.
State issues were active and strong during the week. Alahigher. Call loans on stock collaterals have vibrated between
IJ^ and 2J-^, with the majority at 3. Time loans on dividend- bama class B sold at 1003^, 101?^; Alabama class C at 80-?^;
paying stocks are quoted at SJ-j to 4 and on mixed collaterals at 4. Gieorgia 7s, gold, at 113J.<, 114}^ North Carolina special tax at
The last weekly statement of the New York banks showed 2^4, %]>i North Carolina 4s at 83)4', 84 Tennessee mixed at
cases falling
4s,
1907
..reg.
48,1907
off.
;
—
;
—
m
;
;
;
a decrea.se of $1,628,500 in deposits and of $1,018,000 in specie,
which resulted in a decrease of $1,001,375 in the surplus resei-ve,
leaving the same however still large— namely, $18,629,975.
This surplus, however, is likely to bo largely reduced under
continued exjwrts of gold.
The great foreign banks all show gains of sjiecie again in
their last weekly statements. The Bank of England gained
£254,000, the resei-ve, however, being reduced to 38J^ per cent
from
407'3
per cent the
week
previous.
The Bank
rate of dis-
count remains unchanged at SJj per cent.
The Bank of
France gained 0,050,000 francs in" gold and 25,000 francs in
silver.
The Bank of Germany gained 1 ,900,000 marks in specie.
The following table shows the changes from the previous
week and a comparison with the two ijreceding years in the
ayerages of the New York Clearing Housh banks.
1384.
DifTer'nnes fr'm
irar. 1.
previous week.
18^3.
Mar.
S.
lf'82.
4.
Mar.
Iioansanartis $344,438,600 D c.
*85,200 $327,472,300 $320,677,800
Specie
76.848,200 Dec. 1,018,000
55,332,901
53.279.SC0
10.54-. 20
Clroolatlon.
14,506.800 Inc.
141,90'
20,020,200
359.7.".!. 700 Dec 1 ,628,500 306,253.900 290,673.8'
Net deposltt
Iiegaltendtrr
31,789,70 Dec.
16,770.6
450,500
18,915. 80(
legal reserve $83,937,025 Dec $407,125 $76,563 47.1 *72,663.450
Beaerve bel<!
108,e37,9fO Dec. 1,468,500
70050.400
71,248,700
Bnrplns
$18.029,975 Doe j-l,(61,37.i
*f2.3!4.77.'>
82,618.050
• Deficit.
—
Exchangre. Sterling exchange has remained firm throughout the week, the posted rates lieing uniformly 4 87' <@4 90'^.
;
39}^, do. compromise at 46I.4, do. new series at 40, do. old at
Missouri 6s of 1886 at 106, 1887 at 107 and 1889 at 112.
40, 41
;
Railroad and Miscellaneous Stocks.—The stock market
has been subject to considerable excitement on special occasions and in connection with particular stocks during the last
six days, and yet the net result for the week does not show any
very great change, though as a general rule the majority of
the active stocks record some gains. On Saturday, to the general
surprise of the market, Lackawanna stock l)ecame scarce, having been largely withdrawn from the loiiu market by S. V.
White, who also continued to buy until the premium for cash
stock on that day was 9 per cent over the price for regular deTliis squeeze of
livery, which latter adv.anced 5}^, to 133!;;.
the shorts, however, was over by Monday evening, and
liackawanna dropped back in a few days nearly to the price
Union Pacific, St. Paul, Lake Shore,
before the comer.
Nii.sliville, and some others, have also been active
Louisville
on apprehensions of somewhat similar ttictics in connection
with them, though nothing of the kind was actualljr develoiied
during the week. In the last two d.ays, but especially on Friday, the 7th, the market was depressed by the increasing
The Union Pacific annual report, which
exports of gold.
came a day or two ago, was regarded as more favorable than
had been expected a month or so back. Central Pacific, Erie
and the Gould stocks have been rather weak throughout
while the Vanderbilt stocks, as a rule, have been well susThe coal stocks and the shares of Northwestern
tained.
roa^ls have also been firmly held most of the time, though
to-day the whole market tended downward, as already said.
&
.
M\i.(
II
1
'
THE cmiONlCLE
lS8i.j
t),
2«r
NEW YORK STUCK EVCUANUE PRICES FUK WEEK ENDINU :n\RCII
HIOOKBT AND LOWK^T
STOUKS.
Hatunlaj,
Murcli 1.
MouiUy,
Tueolay.
March
Marvb
3.
PltTCKS.
Mari'li
UAII.ItOAOH.
SiilltA ro,.
At<'hliH>n TopfkA
•
"
N V Mr I.luo. pnrf.
(Hham)
Lowed
7.
8-2 >«
No.
l'.i>plilx<fc
•13'*
14
13>«
••24
•ja-.j
24
•15
lOH
•15
88
lilt |ir«f
r>o
prof
3il
Chlc»Kt> * Alton
ClilcnK" HurlliiKton
CM.iv'.. MUwaiikeo
88
Ul
I3H|
W^
UB>s
•a
I4H>
lUHi
,
A
-^usv, 143
Ctile«co6t. Paul Mliui.
Oni
J&
Do
'28
110
I3<4
14
'21
'-"'
-'£•'»
11
•1,-
'"'
'•
83 Hi
'
Clilo. a
IjickH\'-
7
<ttk
I'
prel.
!.M !• H.lltlO
Vm.in.i
-'
7'4
7
l'2Ht
l'2>a
49
SO
0
Paul
St.
,v
IJ
92
84
138
U5
'Vi
6%
*6
1\
13
7!!i
Vh...
pref
7g
leasod llnn4 p.c.
West'n
Western
•r21Hil22Hjl
'1
.J4,|
31^1
30»4
94>i><
84
138
;
•!'»
i2»9
laH
7Hi
1234
7Hi
127,
•CHi
7's
*6Hi
7'»
'SHi
Ct
7Hii
7Hi
latpref..
Po
commoQ.
vt.iiilL.ai.in
Reach Co
M,.,,,,.i,,.< ,v
f), ricston
57
•81
93
I
67
89
*57Hi
67
80
GO
Weatem.
'OO
93
100
93
.
35
10
•33
37
16
18
•33
33
20H1 21 le "26 "i
91
OO^D 02I4
'e
•0
10
pref.
8
37
lUHlj
1'25
,'
11U>4U7
8H1
103
Western... 91
.V
Weafu
.lie*
'25 •»
9HlI
19
125
91
28
I
;'
10
>.
N
iH
I'.i,.:
'
.New yurksusq.ifc Western.
Do
*
Norfolk
I
.-
•16
prof.
41
Ohio
I'lli..
-
211a
48
^H
32 >4
vl:lo..
l'I;i;
I'if
rhlo..
-
oif a.
1
,rm'l.
.V
,
I
ui..i)inK
:
Aitou
.
.
ATeiTe
:t. Lcvii.s
A
Do
Do
Panl
Jt
20
.Sau FranclBcu
pref.
lat pref,
•16»4
17
18
17
1037,
25,
873
300
400
10318 1031,
73»4 74
103 Hi
72
74
151,807
2,733
23
47 'e
3
10
14Hl
'20 Hi
22^
26
17 '4
341a
io-'s
91 la
'20'i,
22
23
45
88Hl
•92 Hi
9U
94
*92
lO*!
01
36
38
16%
•lU
•i3
35
91% 01%
11
63
5.-.
I
!
Wulia,-.]! S!.
0334
20'a
I
Louis*
Paclflo...|
pref.
11..
«!<( KM,A\K(H'(^
10'4
40'« 40',
20'8 2II4
4BHl 47%
2',
3314
2',
IS'a
10
'27
28
i
lei....
t
700
702
54
21
21%,
'4
46% 47
3%
%
2234
125
111%
4%
•20 's
'23%!
'28
88
110
i.-U....
at
80% 82%
lUi.
37
27%
16
'27%
Nar.Co
10
10714100
j'l'eo" 106"
Co.': I
43
WO
42
BOii
50',;
01
1
'
89%
SOU
108% 108% 108
Car Co
Mining
^l.ire
Uuick«ilv«-r
10»4
83
•U
16
110
.
\uy
'2034
'20%
1334
16%
-28
•6
7
•5
30
74% 70
•2t
•37
pv,.f
Weetem Union Teleifr.ipli...
'24
180%
10%
1
'
STOCKS.
10)*
MH
38
72
97H
21
•2^2«j
2334
26
•'23
88
"is'
•o7
13%
^27
58%
58H.I
10
Jan.
Jan.
38
I
7
4
7
11
;
ns%
1U%129%
Fell.
lll%Feb. hj
203, Fob. 14
7
il
7II
SSa,!
I
2,
lli%.lan.
1
83
62%
15% 20%
7
Feb. 28
8H
4%1
]8%Feb. lOi 14
Feb. '26
42 Feb. IB
'27
Jan. 7''
57%Jan. 7
3%Jan. 7
2434 Jan. 5'
11
1
I
10
32
I
'231bI
4034
2
i
21<
18
49%
53%
90%
14%
5I
31
38>4
Jan. 5
8%Jan. 28
7
14*
16% Jan. 34, 3.1% Jau. 7 29%' 89
13 Jan. 21! 17
13
38
Feb. 4
51% Jan. 34i 60-3a Feb. '23 40% 61%
131 Jan. '23 134% Mar. 3 139 '1 138
3 '4 Mar. 61
3 Jan. 11,
4
16%
,v2%Jan. 16' 6i
_.
73
_,
Feb. ii'i 47
26%.Ian. 16, 32 Feb. 15 31
SO
'23
13% Mar. 7! 16%F'ob. 4 14
40 Jan. 15i 47% Feb. •-'9 33
85
88 Jan. Si 06 Feb. 3 80 103
'20
'20% 36%
Jan. 16: 32% Feb. 13
37% Jau. '26 43% Miir. 7 40
69%
Sl%J»n. 31 90 Jun. 5 87 100%
'29'6Jan. 18 32-34 Jau.
S3
40%
Fell.
90
89%
K; 90 Jan. 26
97%
lan. 7
94 109%
84 .fan. 2i;, 09
15 Jau. 19: 22-%Fob. llj 17 '« 43
1
Jau.
8
.la
1(1
70%
104%
09%
2
Feb.
12% Jnn. 31 1934.lau. 7 13
38%
34<iJan. 31 32 Jan. 3'{ '20%| 57%
,
"
I
I
,
I
'
!
6,100
1
300
345
>
'
|
1
11'2
I
:
I
3.01'J
10,3-22
I
I
'279.433
I
1,400
>2634
88%
40%
188-
181%.Mar. 6 169
1.%
15%
'
13%] 35
90 !l05
1
3^20
9434
HI',
81%
13% 15%
Jan.
3% Jan.
25
'2334
I
Mar. 6
Mar. 4
04%
Jau 161 0!%Mar.
24% Mar. 5' 28% Jan. 5' 20%i
66% Jan. 16, 71 .Mar. 3 73
Mar. T 17% Jan. 7' 17%
13
21%Fcb.
150
700
80
40
06
|
44,010
2,420
86,466
133
23
16
U
30
68
38
63%
80
90
SH
68
12%i 30%
33
66
76
95%
77
100%
10
18
35
48%
10%i 30%
7
93
B7i4i
'22
8l
21
85
1,428
1,310
15
"26%
10
16
27
94%
19%
3
19
26
13
40%
68%
•-
Feb. 18
Mar. 5
Jan. 11
33| .59
1
43% 43%
•04% 93
01% 95
19% -20% 19»4 20
80% 81% 81% 82%|
I
51%.Mnr. 4
28 33 .Ian. 4'
22 69 Feb. 25
2l! 93% Mar. 7
S'aJau. 16
3'8Jan. '24
13 Jan. IhI
10 Jan. 291
750 3534 Feb. 71
3,340' IS'iJan. 30;
51,389 40% Jan. 23!
17
I
1
I
'
'
1
3,810l
74%
15
13
-13
160
190
•red
109% no
•15% 16
.'•8%i
[•.4% 124%124.%i
13%
lou-'i 10034
•10%
"
186'
|»
01
91
91
Hfi
MS
51'i
IO8H1
51
61%
.-.O',
.-,1'V
75a4
109%100%l 100% 110
•3
7
•6
7
•'24
30
•20
'28
74 '4 761.
74% 74%
1334I
200
43
!
51
185
'
31 Ui
•6
7
I
28
I
300
83% 87%;
30% 51
73%
7
30
''
"^
131
97
I39%120%-1'2H
07
38 '« •37
114 •110
0734
I;J0
06% 90%
60
•57
114
•110
00
.'.460
1,486
4%.l;m. 21
I
74% 73
3i,6U
71%
lU
•1-20
^31
•96
'37
90
60
06 138
S3 01
42 50
110% 110% 110
110
183 103
00
133
9
prof
ivUle,pref..
ISO
,
33
SO
,1k....
ilty
21% 21%
Hi
81
100 76%
6 1 4.-.
'
SOI
1.1
143
81
146
1
'toga
OKdensb.
19%
23
••20
•20
9
i'265
I
...
40% 43%
•0
'265
43
bl>iuuda4ke<t: nosalo
10
'4'{%
•263
45% 46%
'9
'2M5
10
.
..
47% 40%
woainadeat the Doard.
1
0%
•MS
46% 47
Ixiwcr prtoo
la
•205
4134
8%
100
45%
ri'.'zod
0%
204
ex'ilvldeud.
t
39%
i:t9%iu^h.
«''
!4
2.-.
1
89%
30%
37
11814 140<;
'29
10-2
1
Ill
9
7'
..'113%
26
13
M
IBS
91%
44%
'>«
-i.-*
90
'.«
'^H
130
7 :ll-"i 134
0%Feb. ll' 5
9%
32% Feb. 6,!3o 148%
78% Fob. 16 713j 88%
!
25%Jin. 31
131
00
Feb.
Feb.
Feb.
Jan.
M-2 J.lli.
Til'sFeb.
117
Jan.
_
1
I
07% 9H
131
17
114
65%Jan.
•JI.OIl
'
-S
l-2«3.
14%. Ian. Hi 17%
rj3i..Jan. 7 170
Fell.
i
'
•24
61% Jan.
4
2
lOi-.^lin. 21'
1,191 ilO.-i
Jan. 4
300,
100% 109%! 108% 110
•33
74»4
Mar.
.17
UH-VJan.
l,9t!3
I
I'lUO
]
1
654'
124% 134%
14% I4I4I
10U%10U%i
11
liricoi
,
6
81
107
51
140
4
31
'28
-^
122
Minnesota..,.
oal
46
7
8i9Feb.
23
76
III4I
16!
Jxn.
61
'
115|176
ii.iniia
.t
14HiFeb.
17
18
361
I
1,430,
I
6
48%
3%
•23
•43
46
7
SO
1'20%1'29% 128
•95
•05
06
68 'a
•47
60
110 113 llO
American
ll'ni.
1
1
Jan. 18,
EXI'KE«l!>>.
Ailanu
t
,
Hi
Jan. 18! 18%Jan.
Jan. 23, 3«%Fcb.
x:i
68%
19%l 34%
l6%Jiln. 21' 23i4Jnn. 5
83%Jan. 21i 05 Feb. 11 86 108%
8% Jan. 2.-. 11 Fob. 7 __
10
19%
j|21%Jan. 22,127 Jan. 29 120 ll29%
46 Jntl. I'J 50 Jnn. 5 50%1 64'.
303
1'2
•28% 2834
13% 1334
•14
50
•93
06
'6
13% 14%
14%
4394
7ili4
33
14
86,9'25
71
2%
46
13
13
38%
88
•20 <8
'23
10H>
Jan. II
83
67^
Jan. 3 30
SB
21 0614 Feb. 11
91
11S%
231 68
Jan. 7
34
84
'23 139
Jan. 5 '134 Hi 143
14
3 Jan. 17
IHi
7^*
17 133i9Mor. 11 lllHi 131>a
21>4 31>*
7 35<>.Jan. 3
8i4Feb. 15
22,
4Hil 11^
21
211 84
'241
90
do
85
1
,
807
50% 59% 68% 39 14
133% 133%
3% 3%
133%
4334
97%
.14
157
llSHi I3714
l:il
-•---
40
40
1434
15
•31%
05
'^^
.1)1.
I
21,912 llO'sJan 17
350; 8%.!nn. 2-2
610; 1034 Jan. 21
18%
19% "19% 19%' '18% "19%
57% 37%] 67% 57% 67
57
58%
124% 126% 124%1'24% 124%r24°i4 121%
16
'1
93% 93%
19^
ll.-.i.
Ii;
31%
i24%
I
•22
221.1
25
90
Feb.
I
I
"o
'
78
O8I4I
20.%i
80^4!
90
14»4.. 27
7
_.
5 ll'28 1187^4
4Feb.
...
_.
3H%Jan.
32
400
3,656
30.131
I
180
88
38^
864
28
21 a4i4Jan.
Fell
17 119
21 124
Fob.
31 lIHHl Fell. U:
21 121:34 Feb. 11
21 l3<4Jan. 5
211
10
20% 20%
00% 91%
12-1%
^33
54
V
•40Ha 44
88
88
18
I
0,483
17
11
124%1'25
100
300
90
93
38
"26»4"2d34
91%
3-2
(
21 Hi 221s
40a4 47 'a
2 'a
2'8!
•20
ttl
I
Jon.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
1
•3S
11
*5'2
22 la 23'8l
I
—
90
Jan. 10
.Ian.
3
Fell. 11
I
i
1
pref
Texas A Pact lie
Inlon I'iiilllc
Do
1.878 130
83
18% 18% 18%
18
18
• 103
•103
1'23
105 123
01% «1%I 91%
01 Hi 0114
•24 14
34%
24 '4 24
35
6834 683,
68% 08341 71
1'2
12% 13
181""
iSi"
181% 181 %i 180%
•lOi^ Ilia •10%
10%
-6
•5
6
•15
"13
17
17
21<a
45»4
3'8
•40 Hi 42 Hi '42
88H1 8hHi| 88H1
Paul Mlnneap.AMaultoba.l
1
13OH1
DuIuUi
Do
St.
21^
47
s«%
71>l,
•
4714I
~...
Jan. 19 '190 1200
Jan. 4' 50
83>s
13i i.s4
Feb. i.ii
reu.
124 ti*!*
,148
.Mar. 6
81%
II 80
77
84%
15
21 20% Jan. 5| 17.%! 35%
15%Jan. 21 1934 Jan. 7 13% 33%
93% Jan. 17 I0434 Mar. 4 83% 114%
66 Jan. 3| 74 Mar. 6 58
86%
Jan.
Jan.
Feb.
Jan.
Jan.
44
130
83
i
'
8t.
38
•16<4
•33
41
ilante'
pref.
•
I
44
1:0
86
llO'sinHl in%117H; 116% 117%
'8% 8% •8% 8%
813
8H1
24 "» 23 '4
10 '4
•36
"leii'sfdUi 18'i
"lO'a'zoia
•14i<
14^4 13
14Hl
14Hi 15
3»i.i
&a->» 50 >4
6018 6OI4
57^4 58'8
134 134H1
133
4 Hi
58Hi 58Hi
jau 28>4
14
14=» 14'4| 14^ 14>4
14% 1414
•t^'ntal..
i'lHll
.
"ii'-'»"i3
180
1
l'25i4 13514
1
1334
•6
Do
pref.
Nortbcm Paolflo
On
pref.
'•
193
•40
180
85
06
09
03
•1114
117 118'8
8»»
*8Hl
9 Hi
»»B
17=9 18
•17Hl 18
103
125
103 1'25
91'4 OH4I 91
91>4
180 >4 180 '4
"loiiidSi -10 '4
Western
•53
25 >9 25%
71
'I
i'2Hl"l3>i
I
il.Ml.
i.. ;.,.
II
'.v
1-24 Hi
i'is'
i
;.ivf.
Nc
17H|i
33
21
92 's
10
134 Hi
54 Hi
"ioW 20 »8
93% 91 '4
•33
S3
11«<4 117 '4
•50
•I8H1
iii"
18
•33
:
'124
100
•OO
04 Hi 93
93
88
e8«t
I
,
200
•00
a3H>i
...
Jan. Ill
I
I3U
136
480 I133'-j
r24
"'24Hj'
7,713 llHi-jJ
01 \ \>^\ '257.741
84 •« J all.
IIT, 117Hi
1.49.-1 1I3'4 Jau.
HB'a HO'-i,' «9,U'2r. ll'i^ij Jan.
U3Hl 143H>I
1,018 <140Hi Jan.
131
r23
3,140 HS'HiJun.
•10
11
32
OigJan.
•'28
30 Hi
38 Feb.
30H) 30Hl
3,600 37 Hi Jan.
4,0'24
8814 Jan.
65 •4 88
922 68 Jan.
235 138 Feb.
1
Feb.
128 120<^ 528,803 114'4Jan.
17 '» 18N
7,110
17i«Mnr.
•7'9
7Hi
1,010
6H1 Jan.
•12 1» 18
1,000
1094 Jan.
200 40 Jan.
7%
•6H1
6 Jon.
33
100
84^?
18;
.'nil.
1
2OH1 20Hj
•00
01
Tex
37H|I
a6Hi
pref.
vfc
11
487.
21
1
I.OUlB-
-^t.
^
1
17Hl|
68*4Jao.
I
'
Elevatetl
ratral
i&
8
S4H
75
18'.
497a ul^, 49Hi 50^i 40=4 SOV "48»b"40"v 131.9311 4334
20'g '20'e
100 18
57 '4 67%
•57
S8
57>4 67>4, 87Hi 67»8
2,000 40
931.
•01
*01
91
•01
64 83
59'
•38 Hi 60
•38
58. Hi. 59
'6a«» 60
__
300 42
•22
20 'a 20'(i inj
22
'23
530 15
'47=i"48'ii 'ia^i'sO'
"ill
I., ^~ll.
210
'25H)i
,
Hicb
Ixnr.
I
1
V
Do
11
i3Hj;
,
Missouri It Ivor ..
-.: Nnshvlllo
^
LouAHv tWc .\ew Albany & Cklc.
Mhohutttin EleTai«(l
11
'2811
*7>«
i2Hi
1*193
ral
"uHU's
-HI
I
'40
'40
•40
47
45
'40
43
44
130
130Hl 130^4' 130Hll30<^ ISOHilSOHil 130
'8411
84=4 84^4' '84Hi 88
•84Hj 80
17
17
I6H1 I6H1 *10
17
l«Hi 18
16»(, lO-V
I6H1 lOHi •IBHi -T
17
17
1011^ 103^1 lU3>4lU4'% lOSHllOl'^l 103Hil04
7"
71
72
72
72
71
I'exas Central
i'-Iiioinliifft'Uift
'- .t
U"
13m»12-'
32
117'4[
.
129^129 .
•18^ lOU
30 « 30 Hi
»'2>8 02 14
'
Il.MlVCr.t i;|n(;r.,!;.!r
y.Mfi. Iriiii. --<. \ .1 -v
Hi;
I
,
•iP*
83 Hi
59 1»
1,865
14
IywIWS.
48*4Jiiii. 21' .-.-'.Feb. 11
I
14.-
•28
30'4
24,840
4,500
1,1884.
Mitt Jan. T
§3^ Fob. '28
80 Jan. 10
!
i.'.'.UliiS'i
y.
138 tl33>« 127>«il29^ 128>4lS0V r20>gl3O<«
18»4 183^
10
19V lOVi 111 '4 18^4 10
3'2
8U'4
13
•24
130
:::>'>
,
'22,800
311'^
7
81>ir«b. 1
70 J»n. 17
58 Feb. 38
54 Hi S4'4
S3>« 34^^
88H1 88%
17Hi;
93 >4
3i
30 Si
prof.
CleTelaniiroi. Cl!"
Clcireluid A Plti
1
\
iiou
l''\
l:i
120^'
143Hl' 144
I'.'IV 120'-il'2l'4!
U)W,|
10
10
I
1
R8H1
30
»1'4.31>4
93 >4 03 >4
64 Hi 85
-J
oU>4
pioi.
in^iio^i HO
llO'i 118Vi
1
Do
•
«
81
HW
:
V
r.5
M
as
I
Clilc^iK" It4ick Islaml>t
Pill
Chicago M. Louis
Pi'Iaware
If
i\
135
133 Hi
133 13S
ias'ii i'i"
Qulnoy.l ia'2!^123V i'iaH<i'23
i)i\ 93'b
80\ UlHl flOSj
116 110'^ 118 117
IIU
prof.| US
A
Jt Wt. I'mil
I'll
ritlumbna
SB
55 'k
I
IM
MHO A- NorlhwcitUrn
(111.
HH
6iH
H
88
S»>4
i><>
64\
54 <a SS
03% 53
87'. 87 'i
Ul
«2't
S4><l
satt
mg4.
1,
UlCheet
80^ Jan.
iV:
'
JAN.
RusoBloeeJu.
SklMOt
M..:
I
AND SINCE
UMWeek
Friday,
4.
7,
Jan. 31133
Jan. 3 101
Jan. 3; 61%
Jan. 23' 115
Feb. 1'.!• 126 H, i.-w
94%
Fob. 2> 8-<
Fob. 7
55 V 66%
138
Feb. 13! 113
Jan. 7' 133 JiUl.
Feb. 7 12
Feb. 23 13
Jan. 24! 153
Feb. 1 1
.Ian. 21
50
Jau. 39 81
.Mar. 1 143
Jan. 11 •22ij
Feb. I 143
Jan. 7 -23
Feb. 14 21
J. 1:1.
Fell. 11
Jan.
II
'127
136
17%
,1
I
28
I
,
M
l.-iO
1
l>8%
!
70%
113
i::8
33
i
1151.
34
31
10
i
lan. iS^
10%
Feb. 19, '264
lan.
2
3i
'Ji
Jil
4
8
Ian. 31
Feb. 19 '260
493<Mnr. 6
I30%CA<|I.
30%
14.
380'
1
t
•
.
..
.
I,
—
'
—
...I I1
. .
THE CHRONICLE.
288
I
I !
[Vou xxxviu.
QUOTATIONS OF STATE AND RAILROAD BONDS.
STATE BONDS.
SBCUEITIE8.
.
1899-1900
Rock* Ft.
&
New
68,
Arkansas—
68, fnndert,
78, L.
Do
12
20
20
20
..
S. 198.
Memp.dS L.Kock RRi
HR
Is'.O.
7s, L. R.P.B.
7s, M188. O.&R.K. RR.!
78, Arkausas Cent. RR.
Hannib.tl
9
103
105
105
I
eeorgia-68, 1886
78, new, 1886
7s, endoiiied, 1886
7b, gold, 1890
Louisiana—
7S|OOusol., 1914
Ex-matured coupon...
do
110
110
RR
Do
Do
Do
Do
Do
gold, reg., 1887
gold, coui)., 1887
loan, 1891
loan, 1892
loan, 1893
to
6s,
68,
3
3
1, '98-9
class 2
N. C.
W.
2W!
Consol. 48, 1910
Small
83
81
;....
68,1886
1
series, 1914
107 "4
Small bonds
Registered
120
Funding
Do
Do
10619
41
40^4
40=4
4S>a
...
45
45
47 »
40
40
40
60
401a
52
District of Columbia—
3-65S, 1924
Ohio—
Rhode Island—
68, coupon, 1 89399
new
105
..
68, now, 1808
6s, now, 1867
6s, consol. bonds
68, ex-matured coupon.
68, consol., 2d series
68, deferred
I
2ia
2 "a
2>3
Western RR...
Wil.C.&Ru.R.
W'u. ATarR.
new, 189'2.8.1900
C'mp'ml8e,3-4.S-63,1912
Vlrginia-6.s. old
S
4
3
RR.
(
non-fundable, 1888. J
con.sol'u 68, 1893
Tennea.see—6». old, 1802.8
Brown
18
A.cfcO
Special tax, class
110
110
'87
109
109
114
115
118
30
N. Cai'olina~6s, old, J.&J,
30
68, old, A.&O
No Carolina RR.,J.<SeJ1 180
• 160
Do A.&O
68,
68,
68,
68,
63,
77 »4
72
U7
7«*ftmall
A St. Jo., '86.
Do
New York-
7coup'sofr,A.&0.! 1S5
10
act, 1866-1900,
Do
1868-1898! 10
bonds, J.AJ., '92-81 16
Do
Chatham
Ask.
South Carolina—
68, Act Mar. 23, 1869
Funding
105'2'l06>.j'
due 1888
110
6b, dne 1889 or 1890.
Asyl'm or Univ.. due '92 112
117
Funding. 189495
10-20S, 1900
SECURITIES.
Ask.
N. Carolina— Continued—
N. C.RR. 7cp'8 0ir, J&Ji 135
118
78,1890
SlVi 821a
Missouri81
loo's 102
68, due 1886
81>3
80
68, due 1887
ClaesA, 3to6, 1906-...
Class A, 3 to 5, small.
Class B, 58, 1906
Class C, 4s, 1906
78,
SECURITIES.
Ask.
Bid.
Michigan—
Alabama—
6b,
SECURITIES.
Ask.
Bid.
113>|
113=,
1899
small
re leistered...
112
112
112
6s,
BAIIiROAD BONDS.
Del. L.
Baili'oad Bonds.
M.*E.— Bonds.
I
68, 1911..I
Best, llartf.
&
Prk.Br.
E.— 1st, 78
Guaranteed
Bnr. C.Kaji.ANo.-lst,5s,
Minn.*St.L.— l8t,78,gu.l
1st, 68,
es!
5s|
1
I
|
I
Chicago & Alton— Ist, 78.
Sinking fund, Cs, 1903..
X.a. * Mo. Riv.— Ist, 7s.
2d, 7s, 1900
Bt. L. Jack. * Chic.— 1st
V
1
t
118
116
116
118
Mt. Vorn'n-lst.
86
2d, 78,
126lfl
I
126
105
113
1261a
107
llSia'llti
1 I6I4 1 17 14
'
Am.D'k&Imp.— .'')S,1921
.
LaC* l)av.,1919.
* 1)., 7», 19111...
Ist.S.Minn.Div., 88,1910
I
S)5
Wis.* Min.Div. ,58,1921^
t
N'west.— S.fd., 78,-'85
Con.sol. bonds, 7s, 191.'i.'
»
Extensii>n
C.<fe
95
104
133
i
Escatmba * L.S.— Ist.Us,
Des M.* Min'ap.— lst,7s
Iowa Midland— Ist, 8s.. 1321a
Peninsula— Ist, conv. 78l 125
1
Us.
1910..
.
i
'
1
I
isabiueDiv.-lst.0.s,1912l
Va. Mid.-M. inc.. Us. 19'27|
:Wab.stL.*Pac.— Gen'l Usi
Chic I)iv.—5s, 1910
Hav. Div.- Ua, 1910
Tol.P.*W.— Ist 78,19171 108
82
Iowa Div.-Us, 1921
lOl^^
lat, cp.,
'
Registered, Us, l!l2I..
IN.O. I'ac.-lst68,g., 1920!
"Si"" Nort*w.-Gen'l,08. 193l!
115=4
New Itiver-lst 68,19321
943.J
,
1
Or'nB.iv\V*Bt.P.— Ist.Os
Gulf Col.* H. Fe-7s, 1909 115
Hann.* 8t. Jos.— 88,conv.i 103 10314' No.Kailwav(Cal.)— 1st Osi
,'110
Ind'poUs Div.- Us, 1921
Consol. (I8. 1911
lOhio* Miss.— Consol. s.fd.
Hou«t.*T.C.-lst,M.L.,78;*109ia
Consolidated 7s, 1898...
Detroit Div.— 6s. 1921 ..
107=41
Cairo Div.— r>8, 1931 ....'
1st, Western Div., 78 ...
2d consolidstod 79, 1911!'
114
Waba9h-Mort79. 1909
1st, Springlield Div., 78
Ist, Waco * No., 78
1161a'
129
Tol. &W.— lat ext., 78
Ohio ( 'inlral-l st U»,1920
2d, consol., main* line, 8s 126
Ist, •I'crni'l Tr., 08, 1920
2d, Waco* No.. 88,1915 112
l8t St. L. Div., 7s, '89;
2d, ext.. 78, 18'J3
87
General. 88,1921
Ist Min'l l)lv„ Us, 1921
102
Equipm't bds, 7s. '83.
Hoiist.K.&W.Tex.— l8t,78
OhioHo.— Ist 8s,1921 ....
87
Conaol. conv., 7s, 1907
Oreg'n* Cat— IstUa. 1921
2d, Us, 1913
Or.*Transc'l-88.'82.1922
Gt West'n— Ist 7fl, '88;
lUCcnt.— Sp'd Div.—Cp.68 114'a
'"
2d. 78, 1893
Mld<UeDiv.— Reg., 58... 105
Oregon Imp. Co. — Ist Us
Q.* Tol.— 1st 7s, 18001
Panama— S.f., Kub.Us,1910
C.St.L.* N.O.— Ten.l„78 119
Han.* Naples— Ist 78
Peoria Dec. & Ev.— 1st, Us 101
1211a'
1st, consol.. 7s, 189
112
111.* So.Ia.— lstex.,(is'
Evaus.Div.— lstUs,1920 971a
2d, 6s, 1907
107=4108
StL.K.C.&N.— R.c,78i' 107
Peoria * Pek.U'n— Ist, Us' 101
Gold, 58, 1951
Omaha IJiv.— Ist 7s' ll'.'
2d Div., 78 >115ia
Pa«.URe.— Cent.P.— O., Us' 113
Dub. & S.
Clar'da Br.— Os, 1919,'
San Joaquin Br.— Os.. lllia
Ced. F. * Minn.— Ist, 78
I117
StChas.Bgc— IstOs' '82 "4; 85
Cal. & Oregon— 1st, Us 1041a
Ind. Bl. &W.— 1st pref., 78 116
85I3 87
No. Missouri — l8t, 78. 118
State Aid bds., 78, '84 100
lat, 4.5-O8, 1909
71
72
WcstU n.Tol.— 190ll,coup. II514.
2d, 4.5.68, 1909
Land grant bonds. Us. 105
114
1900.rcK
Eastern Div., 68, 1921..
West. I'ac— Bouil:^, Us' 110=8'
881a 90
Indiauap.D.* Spr.— lst,79 107
lst6s lOUia lOO's N.W. TeUgraph-78, 19041 80
So. Pac. of Cal.
791a
MMutUn.Tel.-S.fd,Us,1011
So.l'acof Ariz.'a— Ist Us
2d, 6s, 1911
llOreg'nRli.&Nav.- l.st.Us 107 108^
Int.*Gt.No.-l6t, Us, gold 112
So.Pac.of N.Mex."l8t,Us!
82 =i 82=4
INCOME BONDS.
Coupon, 88, 1909
Union Pacilic— l8t Us'. .| llStis 116
(Intfirst p<ii,nhkif earurd.):
Land grants, 7s, '87-89, llOia
Kent'kv Cent.— M. 68,1911
Alleg'uv Cent— Inc., 1912)
L.Sh're-M.H.*N.I.,8.(,.78 105 18 105 ii'
Sinkingfuuds, 89, '93.1 1141a'
'105
18
Atl. * Pac-Iuc, 1910...!
Collater.il Trust Us..
Clove. * Tol.— Blnk'g fd. •1031310414!
Centrjilof N. J.-1908....I lOOia
New bonde, 78, 188U. 1071a lOaia
do
951a'
68, 1907
114
Cent.Ia.— Coup. deb. certs.
Kaus.Pac— 1st 68, '95 109
Cleve. P. & Ash.- 78.
1'22
108=4
Cli.iSt.P.*M.— L.gr.incOs
Bull'. * Erie— New bds
iBt Os, 1896
110 113
Chic* E. Ill.-lnc, 1907,
Kal. & W. Pigeon- ist.
I)env.Dlv.U8,as'd, '99 1091s
^
60
DeaM.* Ft.D.— lstinc.,6s
lat, consol.. Us. 1919
Det.M.A T.— lst,7a,1906 123
961a
''Del. Mack. * Marq.— Inc.
Lake Shore— Div. bonds 1231a
C.Br.U.P.-F.c.,78,'95
l|K.'r.V.&(fo.-lnc.,6s,1931i 29
Consol., coup., Ist, 78
Ate* P.— l8tU9,1905 'Si'^i
|129ia
90 |:(ir.BiivW.*st.l'.— 2d.inc.' 18
Consol, reg., 1st, 7s..
At J.Co.*W.-l8t Oa 87
94 '« 95
Ind. Bl. & W.-Inc, 19191
Consol., coup., 2d, 7sOreg. Short L.— Ist, Us
1221a
3S
Consol., inc.. Us, 1921.. .1
Cousol., reg., lid, 78 ..., 1'22
Ut. So.— Gen., 78, 1909 102=4
98 190
Ind'sDec* Spr'd— •2d,inc.|
Exlen., Ist, 78, 1909
Long Isl. RR.— Ist) 7s, '981 121
100=4! 101 laj
1st, consol., 58, 1931
Mo. Pac— 1st, cons., 68. 1041a I05I4! Trust Co. certiticati'S ..
114=4!....
Leh. & Wilkosb. Coal-'88, 76 Vi
Louis. West.— 1st, Us
3d. 7s, lOOU
49
i20'
Lake E.* W.— Inc,7s. 'S)9i •31
Loulsv.* N.— Cons. 7s, '98|
Pacof Mo.— Ist 69... 105=8
Sand'kyDiv.- IUC..1920
110 ....
Cccili.an Br'ch-7a, 19071 1041a
•2d, 7s. 1891
Laf.Bl.&Mun.-.Inc.,79,'99!
N.O.*Mob.-lst,U8,1930 •961.J
StL.& S.F.-2d, Us, CI A 1021a 104
RO"
....
Mil. L. Sh.* W.— Incomes
85
3-68, Class C, 1906.... 101
•2d. Cs, 1930
BO
IMob.* O.—lstprt. deben. 56
E.H.&N.-lst, Us, 1919 104
3-08, Class B, 1900.-.. 101i.jll03
291a
91=4 92
2d, pref., debentures
General, Us, 1930
Ist, Us, Pierce C. * O.
•15
debentures
3d, pref.,
Equipment, 78, 1895.. 101
Peusacola I)iv.-68,1920
•20
4th, pref., delJcntures
Gen'l mort. Us, 1931..
St. L. Div.— Ist, 68, 1921 103
...
N.Y.Lake E.*W.— Inc.UB
49
So. Pac. of Mo.— l8t,8s 1051^
2d, 3s, 1980
£3>i
4I6I2
1
N.Y.P.* O.— Btinc.ac.,79i
Nashv. * Dec— 1st, 7s.
Tex.* Pac.-lst, Us,1905 105
91% 'Ohio Cent— Income, 1920, 12
Consol., U.S, 1905
S.* N..A.la.—S.f.,Us,1910
60% 50V Min'l I>iv.-Inr.,7»,lii2l!
Leban'n-Knox — Us, 1931
Income * Id. gr., reg.
71=4 72V lOhio So.— •2d inc. Us, 1921] •19
l8t,RioG.Div.,U8,l'J30|
L.-Us, 1931
Louisv.
lOgdens.* L.C.-lnc, 19'20|
Pennsylvania RR.
L.Erie* W.-l8t. Us, 1919
S9
Pa.co.'sguar.4i.23,l8t,cp
Sandusky Div.— 68, 181!t
951a 96=4' PeoriuD.*Ev.-lnc., 1920 •67
p;vau.HV.Div.-Inc., 19'20|
05=4
Regi-stered, 1921
Laf.BI.* M.— Ist, Us, 1919; 931a 95
Peoria * Pek. Un.— I nc.,6s
PittC* SI.L.— l8tc.,7s
IjOuisv.N.Alb.&C- l8t,68 91 la'
60
iRoch.* Pittsb.- Inc,1921
•Jd. 7.^. 1913
Manhat.B'ch Co.— 7s,l 909 761a'
jRomc W. * Og.-lnc. 7s. "Sfia 40
N.V.&M.B'h— lst,78.'97
Pitts. l-t.W.,S Chic— Ist I38I9
S3\
ISo.Car.Ry.— Inc., Us, 19311 50
135
136
Marietta & Cin.— Ist, 78..
•2d. 7s, 1912
1331a' istL.*I.Mt.— Ist 78,pr.i.a. -.[VX"
MotropoUt'n El.— lst,1908 loeviouia
3d. 7s, 1912
BB_
iwt L A *T. n.-Div.lids-l
60
P28
95
07
Clev.& Pitts.- Cons.a.fd.l
•2d, Os, 1899
1
2d, 7s. 1907
M11.& Mad.— lst,6s,1906|
C.C.C.& lnd's-lst,7s,8.fd.; '123
Consol. 78, 1914
123
125
1
1
99i..i
I
100
93 1<
I
1932
Ohio.
Atl— Ist, Us, 1920 ids
2d, Us, 1923...
871a
Chic.&W.lnd.— 1st. s.f.. Us 110
Gen'l mort., Os. 1932
102 1071a
C0I.& Green.— 1st, 08,1916
2d, Us, 192U
Col.ll.val. *Tol.-l8t, 5e
....
....
....
....
....
Mortgage 78. 1907
SjT.Biug.&N.Y.- lst,7s
Morris A Essex— 1st, 78' 138
1
1
114
he
79
80
1
,
11
ISlV
133
.
C*
•95
W.— 7s. conv., '92
.
I
Consol. eiuk.fd., 78,1914 »121
91
I
.
I
C.St.P.M.&O.-Consol. 6si Ill's
C.St.P&M.— lst,()S, 1918 1191a
No. Wis.-lst, Us, 1930.
8t.P.& S.C.— l8t,«8,1919 1181a
Chic* E.Ill.— lst.s.f.,cur.
CMcStli.* P.-l8t,con.58
I
'
Chic* Milw'kee-lst.78 123
Win.* St.P.-lst. 78, '87 IO714 108
;
1909
i'
.
,
prices Friday
Us,
Dakota Ext-
1
!
No
•2d,
'
Nevaila Ceutl-al- let. Us.-'
110'4
1
StP.Minn.* Man.— lBt78i
I
133
102ia 104
104 14
104
S 1st, 7s. 1885
1902..j'127ia
I Coupon, gold, 78,
>
Eegisfd, gold, 78, 1902.
t Sinking fund, Os, 1929. ("Ill
Sinking fund. .'58. 1929.. 104 1041a
95 '(
Slnk'gfd. deb.. 5s, 1933, ....
*
I
V
981a
or
l.jouds, 78, '85,
1891
181=4
I
i
2d, 78,
ig
104 1106 I.
132
II8I3II9141
[
.
I
110
1
Del. I/.*
131
.
132=fe
.,,
C—
II9I3
Pac. Div.,68,1910 113
98
l8t,Chlc.*P.W.,.18,1921
94
Min'l Pt. Div., us, 1910.
C.& L.Sup.Div., OS, 1921| 85
*
131
I
98 13
110
83
;
I
..
'l'.!!.- ]8t7s
2d, j)ref., 7s, 1894
.
2d, income, 78, 1894
BeUev.* So. lll.-lst, 83
^
i
Ist, con., 58, reg.,
2d, Us. 1931
St.L.Alton*
I
1
127
I
!
j
100
:
1902.
_
l^aC. Div., 78. 1893.
I. * M., 7s, 1897 ...1 118
I. * D., 7s, 1899....;*118
C. & M., 7s, 1903... 125
11.]).,
124 12434
Con.101. 7s, iOOo
1*104
2d. 7,s 1884
123
1st, 7s, I.* D.iixt., 1908 *120
1st, S.W. IMv.. Us. 1909. 1081a 110
I
117ia'119
105=41
1107
!
2d, 7 3-10, P.D., 1898...
Chic*
1
os.-.-i
.
Cairo Ark. <t T.— Ist, 7a
Gen'lr'yAl.gr., 58,1931!
I
CM.* St.P.-lst, 8s. P.D.
H.
'
1905
62
I.
'
Os, 1923)
Mex. *Pac.-l8t,
WH
.
1
Arkansas Br'ch— 1st, 7s
Cairo* Fulton— Ist, 7s
10684
-I
;
.
l8t, 5s,
Us.
Ist consol., 08, 1933 .Min's Un.— Ist Us, 1922
35
40
St P. & Dul.— 1st, 58, 1931
35
So. Car. R'y— Ist 6s, 1920
101=4103
•2d, Us, 1931
OOia'
j.Shenand'hV.— Ist7e, 1909
General, Us, 1921
N.Y.C.* Ht.L.-.l8t,C9,1921 104=4 lf)4'8
801,
87 I'Tex.Con.— l8ts.f.,7s,1909
2d. Us, 1923
Ist mort, 7s, 1911
N.Y'.W.Mh.* Buff.— Cp.,5fl! 65 'i 56
82=bI Tol. Del. & Burl.-Main,63
N.Y..Susii.*West,-lst, 68' 82
DcUonturo, Us, 1897
Ist Davt. Div., Os, 1910
Midlilliilof N.J.— Ist, 6s
Ist 'I'er'l trust. Us, 1910
(Tex.* N.O.-l9t 7s, 1905
N.Y.N.H.*U.-lst,rg.,48
Fl't*P.Marn.—M. 68,1920 113=4
Gal.nar.* S.Ant.-lst, 681*107
891.J
Conv. debcut. Us, 1908.
Leh.&W.li.-Con.g'd.as.' 1061a
let,
Mobile* Ohio-New
I
Ailjustnient, 7s, 1903..
$g..
I
Long Dookb'nds. in, '93 'US
ButtN.Y.AE.- lst.l91U 131
N.Y.L.E.&W.-.New2dU 92 V 04
SnB.& S.W.— M.,69.1908 104 108
9712
I
I
I
3''j8,
& T. H.—1st, cons.. Us
61=4
I
j
9618 Ev.
!
9S
I
1
|
130
I
7s,
1
1
I
1st,
1st,
Ist.
l8t,
iBt,
1
69I2
1
'
2d, (360), 7s. 1898
2d, guar. (188). 7s, '98
1
70
7s,
1
I
Ml8s.«.Br'go-l«t, s.f.68 *100
C.B.* Q.-C0U3O1.78, l'J03 129
68, sinking fund, 1901 ..
06
68, debentures, 1913. ...
In. Div.-S. fd., fls, 1919
94
Sinking fund, 4s. 1919
Plain 4s, 1921
C.R.I.* P.— 6s, cp., 1917.
68, reg., 1917
Keok. * DesM.— lst,^58
Central of N.J.-lst, 1890
Ist consol. assented,! 899
Conv., assented, 7s. 1 902
100
Rlch.iAllcg.- Ist78,19'20
1891
S'thw.Ext.-l8t.78,191o; lllia 112 I. Rich.* Danv.— Cons..g.,08
Pac Ext.-lst, Cs, 1921.1 102'4 102=41 Debenture Us, 19'27
Mo.K.A T.-Gen'l,09,1920| 81=4' 8214:, AU.&Ch.-l8t,pf.,7s,'97'
09I4' 70
Incomes, 1900
General, 6a, 1920
'l(»87e' Scioto Val.— Ist, cons., 78.1
Cons. 7s, 1904-5-6
Cons. '2ri, income, 1911-.| 70
70'a st L. * Iron Mt.-lst, 7s
•2d, 7s, 1807
H.&CfUt. Mo.— l8t, '90 104
'2d.
.
guar. (504), 78, '94! 118
Denver Div.—48, 1922..
ns
1
1
Collatcr'l trust, Os, 1892«
Morgan's I^a.* T.— ist, 6s
S.A. ..
Nash. Chat.* st.L.— l8t,7s
E.T.Yii.*Ga.-lat,79,1900 'iieijl
'2d. 68, 1901
Ist.cons., 5s, 1930
731a 741a
95
N. Y. Central-Us, 1887...
Divisional 5s, 1 930
Deb. certs., ext'd 5s
EUz.C.*N.-S.(.,deb.,c.,68
N.Y. C.& II.— iBt, cp., 78
Ist, 09,1920
Ist, reg., 1903
lEliz.Lex.A liig Bandy— Os 102lfl
1-27
Hud.Rlv.— 7s,2d, 8.f., '85,
Erie— l8t, esteuded, <8 ... •124
109
Harlem— l8t, 7s, coup.
•id, extended, 5s, 1919..
N.Y. Elcv'd-lst. 78. 1906
Sd. extemUKl, 4ias, 1923 •102
N.Y.P.& O.— Pr.l'n. Os, '95
4th, extended, 58, 1920. 1121a
109
N.Y.C.&N.— Gen.,U8,1910
6th, 7s, 1888
Trust Co. receipts
1st, cons., gold, 78, 1920; l'28i4 128ia
125
N.Y. A. N. Engl'd-lst, 78
l8t, cona., fd coup., 78..
l8t,Us, 1905
Reorg. lstlien,t)S, 19081 106
Ijlndgr.ant,
I
Con., 1st, ext., 68, 1922.
MU.L.S.&W.-1 St. Us, 1921 1031s 103=4
7iv
Roch.* Pitt— Ist, 6.S.1921 110
Minu.& St.L.-lst,7s,1927! 125 il3l)
9412
Consol., 1st, 69, 192-.
Iowa Ext.-lst, 78, 1909| 119 1'20
I
—
Central Iowa— Ist, 7s, '99,
East. Ulv.-lst, Us. 1912
81V
Char. Col. <fe Aug.— Ist, 78;
Ches.it O.— Pur.moneyfd.l
6s, gold, series A. 11)08 .1 110^4 IIII4
102ie IO214'
Os, gold, scries 11, 1908
51
Oa, currency, 1918
102 '103
MorlKage 68, 1911
Ches.O.iS.W.— M. 6.0s... 87
871a
1st,
I
1
I
I
1
1921
N.Y. * Phil.-lst,
Can. 80.— 1st, int. guar.
2d, 58, 1913
1
I
1
|
Itt.Clt.v.*WC3t,-l8t,78i
C.Rap.I.F.&N.— 1st, Us
1
1
. . .
|
;
C.& P.^lth,s.fd.,8s,1892: no's 111
StL.V.&T.II.— lst,g.,7a' 116 |117
II28I3'
2d, 7s, 1898
6s, 1909
99'4 102
2d. guar., 78, 1898.... 110«8
Coupon, 5s, 1931
Pitts.B.& B.— Ist. Us. 1911]
Jack.Lan.*Sag.— Ua, '91.1 102
83
MUw. A No.-lat, Us, 19101 98
981a Rome W.& Og.— 1 st,7s,'Hl 109
|
N.Y. Lack.* W.— Ist, 6s -119^4 1201-i
Del.* Hud. Canal— Ist, 78 102 1021a'
115
....
78, 1891
•llSia
911a 921a
Ist cxt., 78, 1891
*119
116^
Coupon, 78, 1894
•12
lst,Tf>a.Dlv., cp., 7s, 1917|*128
" 130
'
*12ia lo
111
lllV
Alb. * Susq.— 1st, 78
103i<'
106 1061a
2d. 7s. 1885
125
Ist.cons., guar.78,1906 •123
Ist. C0718., gu., 6s, 1906
Bens. & Sar — 1 st. cp.,7s' 1S5»4
1051a'
92 L...
Denv.* Klo Or.— 1st, 1900 1 III4 112
96I4' 87
84ial K534'
1st, consol., 78, 1910
97
99% 99ia Den.So.Pk.* Pac— 1st, 78 96
68
Don.* RioG.We8t.-.l8t,U8 07
106 1107
Dot.Mack.* Marq.— 1 8t, Us *
9113I
-
6s,
Bnff.
1*27
I
rPeuD. RR.— tfliitinued—
Mex. Cent.— Ist, 78, 1911.' UO
Mlc.h.Cent.-Cons.7s, 19021 126
106
Consol. 58, 1902
I
12SV
,
Pac— 1st, es. 1910.
Bait.* O.— 1st,
1
19OO1
1st, consol., guar., 78..
Alleg'v Ceut.-lst,Hs,1922 . ...
Atcli.'l'.&S.Fc— 4ias, 19'20, ....
Biukingfund,
78,
78of 1871, 1901
(Stock Exchaufie Prices.^
Ala. Ccntriil-lst, Us, 19181 "92
A«. *
& W.—Contin'd-
I
'
are latest quotations
made
tills
week
t
Coupons on eineo 1869.
.
Mabch
Pur.
laaaniBec Bl«e|( Llal.
.
150
Continental
IV,
17
10
100
100
50
rui.'iiR'u'i*
Tmst.
Kmp..
Uerman-Amerlcan
Gormaula
Franklin
133
ISl
A.
.
.
60
26
100
Ololie
Greenwich
Gnanllau
I7i
104
Ilamtltun
15
Hanover
60
100
60
100
80
20
40
60
26
100
25
60
60
60
60
50
37 >g
35
100
60
25
25
100
20
60
60
26
50
100
100
26
25
25
10
60
Home
ISO
Howard
Irving
167
2ti6
.Tcfferson
.
142
146
172 Hi
Kin>;.s
101
l.onK iRl'd (B'klyn)
I
("Hty (Bkn.).
K nU'korl'ocker
i'io'
185
130
130
110
110
130
I
Loiillartl
loll
Manufac.
152
Mi'ch. .t
Build..
Traders'
.%
.
M.MhanIrs' (Bklyn)
Mercantile
Merchants'
Montiuik (nklyn.)..
86
eo
(Bklyn.)
National
N. y. Equitable
N. Y. FUe
Nas.'*aii
iba'
140
1B7
150
110
1>S
08
22
60
;
176
...
...
Nlaeara
North River
I
!
l>.aclttc
Park
Peter Cooper
I
People'e
Phenlx
172
168
160
100
IU6
165
160 >9
107
nutger'a
Standard
!
Star
Sterling
Stuyveaant
11
126
160
.
Ward
100 ;iio
100 13a
Leather
100 1*2
If .New York*
100 126
100
'Jill i'inien'8
40 110
V:.
60 :)72
Vi
1 sute« .
100
"IV:.I: -tri-et
50
v..
siiie* ....
100
132
Tradeftmon'a
United States
iVs"
Ill
r.
90
70
100
60
100
40
100
30
60
Kir«nifn*H
I
.
17
161]
liia
I
.
Brooklyn
CltlMoa'
City
Clinton
commercial
376
lo~
100
lOO
100
25
25
Kl.'.,
ath Ward"
Kit;
100
100
Fill
A\enn6*..
I'll -.t
100
y
111.
100
lull
SO
il,ill.i:in
BO
cl;irll,.l,l
100
tii'iiiiaii .\inerlcftn*,
76
tifnii.ui ExcliAnge* lOO
CitM-inmiia*
100
tiro.'iiwlch*
S8
llnii-'vcr
100
Imp ^t Tr»il«r»'
100
It villi;
60
L«v:iTlu'r Mftimrra'..
100
Titan*.
60
100
100
25
inlo«'
25
ii;inlc»'*Tra<lg'
i..aiille
100
If'**.
60
60
"xch..
100
100
100
Na.-.i.ir
100
Kt'w ^ork
100
5'('7r York County .
100
K V. Xilt. EToh....' 100
Kuilii
100
No:-!': .\merica*
70
N.i.tii Kiver*
30
25
!'n.
60
r.r
100
P,,, :•''»•
25
PI.
20
I'n.
e*
60
;)"
100
ii.ilao'
100
Oltv
60
100
26
26
American
Amor. KxohanKO
.]
Wentchester
WUllnmsUurg Ctty
i
Bid.
A»k.
145
166
113
158
175
170
150
J 25
lOri
150
165
105
140
1211
110
60
I'iO
230
245
240
260
80
100
113
86
80
116
210
20.')
135
110
230
60
110
135
140
58
60
140
116
2t»0
66
116
140
145
66
70
130
123
185
200
90
112
70
106
100
86
105
66
95
85
105
60
100
105
145
90
145
85
125
105
175
100
155
108
140
115
»0
67
60
120
70
127
120
200
110.
05
110
110
150
P6
156
96
1.12^
110
185-
108
165
116
160
120
100
63
65
125
76
132
123
210
I
116
I
I
Gum and City Sallroad Stoeka and Bonds.
GAS COILPANIKS.
•
Kl.l,.000
50
llobokeu..
2(1
5(1
f;
'
100
6fl<>
Y.)....
New
or
Y'ork
lal
"ibo
Mniucipal
.
"ibo
EqulUble..
'
I- molt
Jt:c k vn City—Stock
I
'84| 23
July,19()0,no
"iiJan.,
100
1,000
town—Stock
100
nils
1,000
l)kln)-8l'k
lOO
K.Rlv.-Stki
100
"I -'11. niort. bonds
1,000
Cliii: i.b'rAlOthSt— Stk
100
I
I
,.,«
H
I
I
i
N
l;
Dlj
iiiort,
K!i:l,ili
4'.'.
I
1,000
k.E.B.ABat'y—Stki
I
Ifii
.V
conaol
100
500Ac,
100
lir'rrt
8t.P'ry— Stk
^(own— stk.
n
Mass
Eastern,
New Hampsh..
Kastem,
Fitchburg
.
8e,on-l
M
iiiort
Coii,ol
Sliili .\v.—Stock
Ihi uiort
Iliinl .W.-eiock
l.Ht
scrip
i.iort
Irti
Tvi
4
•
1
thlnlSt.—Stock.
M ort
I
I.IKMI
*rblscolamn Shows last dividend on
itockf,
'll2Hi
A
A
A
Louisiana A Mo. Elver..
Sioux City.
Falls
Mem.
Kan. C. S)>rlugf.
Ft. Smith.
Little Itock
Iowa
111,-.
\\0o
U4
121
116
116
225
lie's
Manchester A Lawrence.
Maiq. IIouKlu'uAOuton.
ol
...
N. ilampsh
Worcester.
100
165
A Portsm.
RnlLiud— Preferred
Revere Beach A Lynn
Tol. Cinn. A St. Ixmls
Verm't A Massacbusetta
Worcester A Nashua
28
loo's
80
28
17>9
2213
20
81
23
2313
Scrip, 1882............
Pitta. Titus.
1
IS
Sunbury
,t
Ifnlon
72
96
76
88
79
82
110
88
32
A Tltiisv.— 1st, 7s.
98
112
17
W.Jersey— Ist, 68, cp.,'96
Ist, 7», 1899
IVi
Cons, (is, 1909
W.Jcr.sevAAtl.— lst.68,C. 103
i
Western Penn.— Os, coop.
6s, P. B., 1896
Gen., 78. coup.. 1901
CANAL BONDS.
I)
i'lRArLR'D STOCKS. Par
Atlanta A Charlotte
100
Baltiinoro A Ohio
61>9
61
66
07
ig
I
'(
I
18
109 >«
19
II
1st pref
Allegh. Val.-7 3.10s, '96
Com
l.svllle
112>9
Alhtab.
113
ist. 6s. reg., 1908
Belvlri'e Del.— Ist,6a,ig03
3d. 6s, 1886
"if'i
47 1^
18
183 >s
83 >*
83
I'ltt.'<b.-l8t,6s
3d. ns, 1SS7
108
1893
A
Cliiiii
— ist
—
113^ 118%
90
I
108
108
Cbarl. i;ol. A Aug.-lst.
101
CIn. Wash. A Bait. -Ists. 101 >!
68 '«
2ds
84
8ds
ColnmbtaA Greenv.— Ists 101
77
2ds
No.Centrsl—6s, '86, J.AJ. 103 <s
lie's
6s, 1900, A.
6s,fold.l000, J.AJ....
103
6s, SeriM A
101
6s, Series B
PIttsb.ACon'ells.—7sJAJ 134
Union UK.-lst, gna.JAJ 119N
Canton endorsed
Cen. Ohio.—6s, l8t,M.AH.
io
Virginia
88
A
Tenn.-6s
....
K: J. A J.
AJ
81I. guar. byW.Co. J.4J.
W.Md.— 68,
Ist,
2d, guar., J.
lis
U.— lst,6s
3d. 7«. IHOH
Cons, Os. 19 ;1...
Ist.Tr. «8, 1983
6s, 3d, guar., J.
AJ
Wllm.C *A:ig.-«8
WU.
t
14
...50
i.SDS.
I
BaU.AOhl»-«3 '85A.AOI i05
1910
Inc. 78. end., coup., '94
78
198
188
9
501
61
60i
2dpref
Parkorsburg Br
Ccntriii iiiii"
Pitts!
BAII
193^ 196
47-s
I.
Kx^tlTtdand.
[
Atlanta
Inc
RAILKOAI) BONDS.
1
BALTIMORE.
eo~
29«i
.
I
2d, 68, reg., 1907
60
CANAL STOCKS.
7s,
—
Del.-l8l, 68,1886!
.
Pennsylvania
~t,
A
106 <a
loo's
71
76
Lehigh Nav.-08,rcg. 84. 104 <4 106
Mort. KR., reg., 1897 .. 116
124
Cons.. 78, reg., 1911
Green w'd Tr., 78. reg.
Morris— Boat Loan rg..'85
87
90
26S4 Pennsylv. -(is, cl>., 10 10.
Schnylk. Nav.— lst,6s,rg. 1U6
72
•8"
Chea.
West.;
T.ehlgh Navigation
•
I
"oS'i'oiJii
Cons. 68, gold, 1901
Cons. 6s, gold, 1908....
Oen..ls, «old, 19'23....
Warren A F.-lst. 7s, '98
West Chester—Cona. 78..
N.Y
Heading
Trenton
Wilm. A Bait
1
83
72
llOO
78.
United N. J.— Cons.6a,'94
I|
Xorrlstown
A
A
...
Krle— let,
13>!1
26
"ess
Erie
Newtown
(
A
.
Plttsb.Ciu.A St. L.—Com.
Uulteil N. J. Companies..
West Chester—Cons. pref.
West Jersey
West Jersey A Atlantic.
Bun
«8>al00
B.—7».ci). "si'i'Vi"
1126
no's Ill's
Snnb. Iiaz. A W.— Ist, 68
2d. 6s, 1H38
SjT.Uen.A Com.— Ist, 7a.
5Uta
Bi'l
A
I
107V
^
•>»
130
71
IvanU
1.
.,
A
,
ioi'niioiT;
Gon'16s.l921
Income, 6», 19'23
Income, 6s, 1914
13(1 ^4 !38>a
13
24
,129
113'*l
A Potts.— 7s
Shen. Val.-lst. 78, 1909
Shamokin V.
"ii'
1',;
ext.,
119
127
187
Conv., 78, B.C., 1893..
I3I4
13
HI
113
I
106 "aloe's
Conv. 7b, (ni.oif, Jan.,'85
PhU. Wll. A Ball.—»s,tr.ct
Plits.Cin. A St.L.— 7s, reg
Si'
N'
78.K.
128
!
:!ral
Phlla.
I'Wla.
Phlla.
Phila.
106
124
122
I
121^ 128
Cons.68,lst8er.,c.,1922
Con8.68.2dser.,c..l93S
Conv. All). Scrip, '8u-88
Debenture coup., 1893)
8»4
Schuylkill Nav., pref...
bat date or mat nrltyattonitr.
106
123
122
117
coup..
6s,
2d, 7s, conp., 1893..
Cons., 78, reg., 1911
Cons., 78, coup., 1911 ,•
Cons.,6s,g., 1.B.C.1911
Imp., 68, g., coup., 1897
Gen., 68, g., coup., 1908
Gen., 78, coup., 1008
Income, 7s, coup., .800
iis'
1
|290
IllO
103
108
336
116
281
113
107
113
Creek— Ist,
Phll.An.-Ut,6s,l910.. il9Vi"20>i
. .
'81 26.'.
Jan..
Feb.. 1014 1115
INov., '83 250
April, '93 ir.'
'84 125
Jan.,
240
120
131
133 >>
122 183 *«
84
86
103
130
126
107
106 105 >
102 >s 103H
Cons., 6s. 1020
Cona., 58, 1920
Phlla. Newt. A N.Y.— Ist
78
'so" 35
112
38
Champlaln
L.
105
117
130
90
'103
Porkiomen— 1 st, 6s,cp.'87
PhilAErle— 2d,7s,cp.,'88 110*.
12",
Preferred
Maine Central
I'll!
mil
112
M
-
27
A rei
'ere Marquette.
100
Prelerrod
Fort Scott A Gulf— Pref. 121
80
Comiiiou
lO'J
July.
Av.—Stock
25
I
106
lis
98 >4
98
lie
—
Flint
Philii. liei*. ,t
,0
i23>s
Leh.V.-lst,6s,C.AIl.,'98
Preferred
1".-^
Noy..l922 111
Fell..
'84 110
'94 110
Jan.,
230
102
April,
Nov.,
107
316
Sept..
July,
110
Feb.,
278
111
Jan.,
162
Feb.,
110
.May,
vl'.F'y-Stk
i.iurt
1.-.1
June,
1U14
Av.-Stock
('
'Ml
"^
•81 100
Feb.
84 142
Jan.,
Dec., 1002 118
•841112
Feb.,
1110
1808
Feb., '84 215
June. '93 114
II
I
Jan.,
Feb.. 'Jan., If 1'
Oct.
Jan., lasK
1,000
'lit
h
Cleve.
Concord
Connecticut Klver
Coun. A I'lLiHumpsic
Connotton Valley
Det. Lansing A No., prof.
MlnehlU A ^5Ch. Haven...
Nesnuehoning Valley
Norfolk A %V68t'n-^om.
A
10
I
1
A
Cinn. Sandusky
Preferred
Lehigh Valley...
Preferred
Lllile Schuylkill
7B(l,,000 M.AN.
3.000,,000
300,.OUOl J.
J.
2,000,,000l
1,000
117
-.
I
66 •«
Ist preferred.'
56
2d preferred
138
Delaware A Round Brook
"si'
East Poiinsvlvania. ..
43
£linira A W'illiainspurt..
57
Preferred
12
Bnntiugd'n A Broad Top
1,000,.MWA..AO,
100
iBt liiort
130
1st, 7s, 1001
ip., 1900.04
—
N..,--
Br.lwayATthAv.—St'k.'
A OOUp
7m. reff.
.
Oil
Catawlssa
fQuotatloDS by H. L. Qbakt, Broker, 145 Broadway.]
BrckeiSt.AFalt.F.—Stk
New
i
PrefotTcd
100 1,000,,000 M.AN.
100 3,000,,000
;.o:itan'(BkiyTi.")!II
118
*
118>> 119
STOCKS.
Buffalo n'.Y. A PhU...
PrefeiTcd
Camden & Atlantic
.
;
1,000
Oaf
Prereri*ed
Bell's Oat)
.T.
1'
I'.sburg
Buiiils
A J.
A
I.*N.
A A.
l.*N.
V'ar'fl
20 1.1
Var'R
700,l.OOOlM.&N.
100 4,o<m.l.OOO.M.AN.
10 1,000,,0001J. iS J.
375,,000,M.&N.
1,000
123 ,0001 Var's
Var's
4(i(i,;,00«,F. &A.
60
60 1,(M)0,,000, Qnar.
Vorii '."'.'.'.'.'.'.
» (Bklyn.)..
109N
3d, OS, 1904
Cons., 8 p.
Bnri. Oo.-Os. '07.
Cam.
wlisa -1st, 7s, con. c.
Chat. M., lOs, 1888
Alleghcnv Valley
Ashtabula A Pittsburg..
'juar.
lOii
1,00(1
C'riklynl)/:.'
i
*A
.
18^
78 'i
Atchlaon A Topeka
Pennsylv.— Gen., Os, ireg.
'176
Boston A Albany
Ocn ,68. cp., 1910
110
Boston A Jjowell
Cons., Os, reg., 1905
IBlh
Boston A Maine
Cons., 68, roup., 1903...
167
Boston A Providence
Cons., 5s, reg. 1919Cheshire, preferred
Pa. AN. V. 0.-78,1896.
33
40
..
Chic. A west Michigan..
7,1900
PIlILADELPniA.
RAILROAD STOCKS.
A.iO.
K,
106
—
Preferred
25 ,2,000 ,000 Var's
,1,-J(I0,.(ii)ii Var's
l-l'.:-..,.,
ii
Street.}
20
1,000
A Ambor—6s, c.,'89
A All.— lst,7s,(.,'9S
Mort., Us, 1889
16
Wisconsin Central
I'.lillllH
i.il^(N.
Wall
Amotint. Period
Par.
lli...iklvn Gas. Light
C:!i'i 119' Qaa.1.. CBklyn).
-
Co., Brokers, 11
Cam.
. .
Income
Old Colony
Portland Sbco
1
A
ICani.
03
90 Ig
2d, 78, reg., 1910
N. Y. A N. Kngland—Os
100 >a
Cons.6B, CAB., 1923..
78
N. O. Pac.- lsl,6s, 1920.
N. Mexico A 80. Pac.—7s 118I( 119
Ogdensb.A L.Ch.—Con.6B
No. Penn.-lst, 6a, cp.,'86
Income
2d, 7s.cp. 1896 ...
Gen., 7s, 1903
Old Colony—78
Debenture 6s, reg
119
PnobloA Ark. Val.—78..
Norfolk A West Oen.,6s
Bniland—6s, Ist
N. B. Dlv., Ist, 68.1932
99
'(
Sonora— 78
Oil CityA Chic— Ist, 6s..
A
Ogdensb. A
QnoUttons by GEO. H. PBBHTI88
123
—
Norwich
;
LGm
Bid.
W.-aen.,8s
iRntr.Pltts.A
.
.Vfit.,deb.6s,
Nebranka, (Is. Kiempt 115
Nebraska, Os.Non-ex'pti 106<i 100 ..Delaware Os, rg.Acp.,V.
87
87VlDel A Bonnd Br -lst,7s
Nebraska, 4s
Conn. A Passumpsto— 7s.
Bast Penn.-lst, 7b, 1888
EastonAAmb>-6s, 1920
Connotton Valley— 6s ...
El AWm8p't^Ist,6s, 1910
6h
6s, perpetual
East'rn, Ma.Hs.— Os, new.
116
Hairrsb-g-lst.es, 1883..
Fort Scott A Gulf— 7s...
H.AB.T-lst>78,g.,1890
K. City I.awr. A 8o,--6s.. 109
(;on8. 5s, 1895
K. City rtt. Jo. A O. B.— 7s 119 120>s
IthttcaAAlh.— lst,gld.,78
Uttle n. A Ft. 8.— 7s, 1st
87 > Jnnctlon-lst, 6s, 1882...
K. City .Sp'd A Mem.— 6s
62>« 62^
Mexican I'ontral—7s
2d, 6s, 1900
Northern
i
!
.
Preferred
Na.ihnii A Lowell
N. Y. i-t Xew IsHKland
>
1
BOSTON.
_
Atch. A 'I'opi'ka— 1st, 7s.
I,and grant, 7a
Paclllo—
68
...
Atlantic A
Income
Boston A Maine— 7s
Boston A Albany— 7s
6s
Boston A Lowell— 7s
es
Boston A ProTlrtence—7s
Burl. A Mo.- l.d. gr.,7s.
I
76
»0
107
77
70
108
.V-
KCDBITIBS.
Aak.
Bid.
Bt.)
PRIOK.
Bowery
Brnwlway
MM
:itli:lin..
C'lii IllU'lkl
176
135
289
BB0CRITIE8.
BkUar, 7 Pins
8.
COXPANIK8.
A*k,
100 170
100 laH
as Ml
2S \M
100 1-2,S
100
35 iVo'
'00
liroT'«'
.
[PltoM br K.
Bid.
noi Nutiimju.
....
|
IB BMton, Philadelphia and Baltimore.
QHoUtiou
Swnrltles.
PRIOX.
OOM PAKlKg.
in»»...
I.
THE CHRONICLE.
Ouk Slaok UM.
Mkrkml thni ()»!•
—
. . .
8, 1884. J
N«w York Loeal
<'
(I
.
Perahara.
A Wewon— OoM/Ts.
t In 4«t«nl<.
108^
108
lOlH
103
78
104
194 1«
idi" 101 >a
134\
109 Is
11*
111
130
tKxrlKM*.
..
..
.
.
..
RAILROAD EARNINGS.
Latett
S imingt Reported.
Week or Mo
18S4.
1883.
S
84,495
49,594
56,000
79,956
1, 747,681
60,586
14,194
112,317
35,309
50,787
383,562
441.300
90,600
27,511
191,782
185,720
20.328
10,971
.<«
A.lft.Gt.8ontheni JannaiT.
.
Bur.Ced.K.&No 3d wk Feb.
Canad'n Pacltic 4th wk Feb
84,124
47,577
(19,000
Central Iowa.... February.
93,196
Central PaciHc. January.
1,583,000
Ohesap. A Ohio. iBt wk Feb
77,880
EUz.Lex.&B.S IstwkFeb
13,618
Chicago & Alton 4th wk Feb 117,005
Ohio. & East. 111. JthwkFeb
33,035
Chlo.&Gr.TrunM Wkreb23
57,796
Ohlo.Mll.&St.P. 4th wk Feb 398,000
.
Ohlc. &. Northw. 4thwkFcb
Oh.St.P.Min.&O 4th wk Feb
Ohlc. AW'.Mlcli 3d wk Feb.
447,000
96,600
Oln.Ind.Sr.L.&C January...
Cln.N. 0. &T. P, January. -On. Wash. & Bait 3d wk Feb.
175,082
182.2G4
18.234
9,138
96.100
6,48S
19,965
18,489
218,067
315,907
55.4C0
8,178
10,614
aieT.Akron& Col 4thwkFeb
Deny. A Rio Gr.. IstwkFeb
De8 M0.& Ft. D. 3d wk Feb.
Det. Lan. & So.. 3d wk Feb.
Dul). i Sioux C. 2d wk Feb.
3 wks Feb.
E.Tenn.Va.&Ga February.
Eastern
& P.Marq
wk
Fil.
\V. 4tliwk
Flor. Cent.
Pen.]4th wk
Flor. Tr.
Feb
Feb
&
Ft.W.
.
&
& Denver.
Ith
2fl,C63
February..
26,20(1
Grand Trunk. ...Wk Feli.iS
Gr.Bay W.&St.l'. 4th wk Feb
GulfCol&Sau.Fe 3 wUs Feb.
d.Ill. Cen. (111.).. -Ithwk Feb
338,251
6,940
97,183
173,80(
29,200
Do
(Iowa) 4th wk !\b
Ind.Blooni.A
4lhwk Feb
K.C.Ft. 8. & G ulf 3(1 wk Feb.
Kan. C. Sp. & M.
wk Fell.
Kentucky Cent. 3 wk.s Feb.
Erie & West n 3d WK Jan.
L.R. &Ft.8niitli February.
L.Ek.M.Rlv.&T. FcbruaiT.
Long Island
4th wk Feb
W
M
U
LoulBV.&Naehv. 4thwkFeb
Mar.Hoiigh.A 0. January.
Memp. <b Charl. February.
Mex.Cont.So.U 2d wk Feb
Do No. Div 3d wk Feb.
Mex.N8t.,No.D- 4UiwkFcb
Southern Div. 4th wk Fob
Other lines
1st wk Feb
Milwaukee & No 4thwkFeb
.
Mil.l:S\l.JliWOS<
HhwkFeb
Mobile* Ohio.. January
Nash.t:h.&St.l. lauuary.
N.O. & No. East. January.
N. Y. Susq. As W. .iHuuary
A West
..
.
.
--
100,40('
6.846
24,489
19.6,58
210.381
313,253
45,628
6,006
8,137
21,000
335.198
6,407
101,504
160,514
25.388
10,164
28,755
53,98.S
36,22t
ll,78t
29,027
20,060
34,111
24,f35
25,487
33,751
29,812
34,041
33,640
22,813
317,615
19,638
10y,610
32,b0o
9,547
9,400
18,800
271,925
19,203
103.000
39.307
S.632
9,925
22,260
135,539
186,992
35,800
64,055
220,154
57,714
409,840
518.300
19,867
9,170
17,850
216,212
197,388
3,081
08,107
176,144
38,600
499,253
369,621
19,963
dys Feb
Shenandoah V 28 ays Feb
Northern Cent.. January...
Northern Pucilh February.
Ohio Central
4th wk Feb
Pennsylvania .. January .. 3,574233 3,929,3.57
&Er..
Dec.
Peo.
3d wk Feb.
13,774
9,453
Phila. & Read. January... 1,409,749 1,608,775
N.J.
Do Cent.
January
69«,051
Do C. & Iron January... 979,o:o 951,219
Rlclun.&Danv.. February.
3:8,lori
328,400
Ch'lCol.&Aug. January ..
65,'J76
70,618
56,64f.
Columb. & Gr. January ..
71,078
Va. MidlaHd.. January ..
107,115
104,388
West No. Car. February.
34,094
27,450
Koch. & Pittsb'g Ifh wk Feb
23,779
5,372
28,420
8t. L..Alt. & T.H. 3d wk Feb.
32,812
Norfolk
•^8
New York
Jan. 1
to Lateat Date.
1S84.
1883.
S
84,124
356.158
485.000
$
81.495
331,553
(brchs.)
Calr<
St. Louis
W.
St. L. Ft. S.
&
&
3d wK Feb
3d wk Fob
3dwk Feb.
Bt.L.&Sau Fran 4th wk Feb
8t. Paul A Dul. 4th wk Feb
Bt. P. Minn. A XI 4thwkFcb
South Carolina Januaiy...
Tex.ASt.Louis.i 2d wk Feb.
Tol. Cin.
&
St.
L .January
Vlcksb'rgA Mei
Vlcks. 8h.& Pac
West Jersey
WlBOonsin cent.
January.
January.
Jaiuiary
..
.
.
..
2d wk Feb
14,944
2,719
16,69S
.-,511
9,509
65,715
17,685
110,8C0
129,432
111,021^
16,950
113,900
118,815
10,216
90,000
43,43:
12,755
51.385
11,934
61,820
21,619
t9,3C0
24,815
Latest Earnings Seporled,
City
157,265
1,747,681
3i:,556
62,087
1,203.770
251,130
671,600
178,876
175,(.82
132,264
193,285
61,404
£83,391
15,733
149,501
101,341
462,124
625,786
378,267
78,992
98,410
50,700
2,394,924
54,658
242,490
1,E92,900
255,000
411,516
304,701
118,275
82,936
86,088
77,67.^
57,573
272,974
253,093
2,133.342
19,203
216,344
2,031,502
19,638
224,212
69,184
72,450
129,400
39,711
09,695
143.825
185,539
186,99:
35,800
Catiitol.
64,0Sf.
433,171
113,852
409,84'.
1,033,800
170,548
3,574,233
102,157
1,499,749
1,609,775
979,020
594,989
931,219
388,137
70,618
71,073
104,388
47,540
47.212
226.193
117.893
45.318
05,37(i
56,616
107,115
03,306
151,515
201,97.",
109,535
31,100
59,695
049,301
129.22r
856,433
118,84101,396
90,000
43.435
12.755
69,300
109,148
514,599
134.549
879,375
129,432
.Manhattan Co.
Mechanics'
Phcenix
600,000
k Tr
State of N.Y...
5.000.000
1.000.000
1,000.000
422.700
1,500.000
450.000
200.000
700.000
1,000,000
500.000
Pacific
Republic
Chatham
People's
America.
Hanover
[rving
Nassau
Market
Nicholas
Shoe* Leather.
Corn Exchange.
Continental
Oriental
Marine
Importers'
A Tr.
250.000
eoo.ooo
750.000
300.000
lOO.OuO
200,000
200.000
500.000
300.000
200,000
150,000
2.052.1)00
1. so; .800
s'erm'n Am'c'n..
Chase National.
Kifth Avenue...
(Gorman Bxch.
.
Germania
0.8. Nat
Lincoln Nat
Garfield Nat....
I'ifth National..
Total
1882.
1883.
1882.
«
$
& S. Fe Doecniher. 1,105,817 1,458,6.39 14,117, 318 14 ,773,301
2(. 6,922
Kan. CL.&So. December
128,551 1,792, 091 1, ,330,708
Ohio. Bur. AQ.. December. 2,170.918 2,0i;7,060 26,110, 308
,550,304
Cley.Col.C.A Ind Ueceuitier.
314,785 355,129 4,25!i,,733
,400.040
At. Top.
1
Danbnry
A Nor.
A T. H.
Deeciuber.
11,336
Deetmber.
Hous.E.AW.TeJ Deecuiber.
i,9,976
EvansT.
La.
A
Mo. River. I'eceuiber.
30.757
15,332
59,982
26,071
.^4,10ii
;0,6l)0
Minn.ASt.Lou^ Deeeuibcr.
216,,291
723,,894
337,,820
609,,800
1,051,,929
17,107,,442'
11,653,,994
7,005,,111
150.128 142.322
435,172
483,116
237.711
335.127
188,255
196,513
4S,V23
32,7.ie l,5v:2,,041
Whole Systeu) 1th WkDee 954.033 1, 047.51 J 37,293,,533
N.Y.L.E.&W-.H November. 2,180,982 1,818,824 22,063,.137
Oregon A Cal
December.
100,200
1,0.36,,233
Oregon Imp. Co Deeeiu'er. 271,162 309,831 4,CC4 ,220
Oregou K.AN.C. December. 427,500 230,656 3,367,,321
Phlladelp.AErii December.
237,300 333,513 4,103,,811
Borne Wat. A O? December.
133,375
131,876
Bo. Pac.Cal.N.D October...
125,532
132,789 1,033,399
Do So. Div. t October... 364,725 346,30'.S 3 478.833
Do Arizona!. October... 213,730 229,7401 2,103.3;)7
Do N. Mext. October...
73,671
62,013
678,150
Union Pacillc... December. 2,407,213 2,559,00-> 29,760,991
Utah Central
December.
93.470
117,245 1,174,737
Wab.Bt.L.AP... ith wkDec 427.903 397.361 16.90S.465
a Includes St. Louis Iron Moiintam A Southern iu both years.
6 Includes Intera.atioual A Groat Northern lu both years.
c Embracing lines iu ,Mo. Ark. and Texas.
Missouri Pac. a 4 th wkDee
Mo.Kan.AT. b 4th wl>D<>c'
Tex. APacilie. 4 th wkD.c
Central Br'eh. 4th wkOec
208,011
850,230
266,927
549,6i)0
,543.423
676,823
138,463
919,732
996,496
731,517
312,065
.
. .
,
'
d Includes Southern
38 a! 3 33
014,915
011,414
2,401,(100
2.110.K00
56.000
2,0-i7,500
55,6C.0
5,491.500
2.110.300
80J.300
1,070,100
1,408.200
377,800
33,300
158,100
,239,303
375.120
619.606
363928
,503,663
,738 3.57
May
1,
1883.
35d,s66
i,io6
248,500
78'7,5(i6
2!«,566
757,000
208,800
15,000
2.n00
616,;: 00
9S4,700
2,tO7,800
1,170.200
13,100
4,331,(i00
10,312.000
19.728.200
5,873,900
7,928,800
2,483,000
3.080,200
4,611.800
884.300
882,200
369,010
1S0,(J00
45,000
5.100
1.7j'.',700
3,452.600
11.389.400
3.033,100
P.810.000
3,2^3,800
2,S77,K00
248.600
S57.(00
1,305,000
268,700
'J,403.i-00
'.'80,800
2.561.200
395,000
807.000
423.200
S22.100
247,000
6S9,000
3.582,( OC
449,100
430,000
253.000
217.700
2,1(11,100
312.8'X)
0.2U3.4(jO
207.90C
143.900
107,000
2.455.900
718.500
430,400
208,000
1.329.100
44,000
204.000
3611,000
297,000
45,000
33l,5l«)
419,000
867,700
228,'200
180,000
4ii,od6
2.199.000
134,300
44.500
177,900
135,000
l,08iJ,7Jli
61,3ia.700i344,4'i8,800,7U,8»s,200 31,7S9.70O|339.75;,70O';i,506,fi0(l
Dae.
Dec.
Specie
LeKal ten lera
Circulation
1,018,000
45J.5O0
Loana,
SpecU.
t
1831.
Feb. 16.. -.346,894.200
••
23.. ..311.521.800
..314.43S.fJOO
Mch
Boston Banks.
%
78.319.800
77.8(W.200
78.848,200
"
18
25
148..->74,400
3
145.919.400
Mch.
L. lenders. Deposits. Circuiation. j gg.OUar,
i
*
*
*
32,577,100 36!.541.400 14.533.200 -15.319.'.!79
33.210.200 36I..330.300 11.384.900 6<;7.907.270
31.789.700 359,731.700 11,300,800 6;i.538,164
•
L. Tender: Deposits.* Olrculation. AtK).(Mar
»
»
f
»
S.982.700 5.378,800 98.302,000 24,587.500 54.121.319
5.988.500 5.19.),500 97,708.800 23.67.-!,100 06.073.573
6,181.210 5.701,600 97,801,900 24,519,800 87,888.010
SfteU.
»
145.618.000
Feb.
141,900
weeks past
Following are the totals of the Boston bans.
LoaTU.
1881.
Inc.
.
'rhe following are the totals for several
.
.
Philadelphia Banks. -The
totals of the Philadelphia
banks
are as follows:
Lawful Money.
Loaiu.
f
78,534.603
$
22.102.120
'
DepoeUi.*
»
72.809,4i0
72,955.582
73,728,283
25
78.3l8.4'i7
21.3"1.9()1
21,477,538
79,7311,201
Mch. a
* IncludlQs: the Item " due to ottier banha."
Oircnlatton. Aoo.Clear.
•
»
9.005.125
52>43 7S5
9,(112.57:?
44.7I3,OJO
?,979,636
5l,»'i0,501
Unlisted Securities.— Following are quotations for unlisted
securities
:
.\m, S.ifcDep, perdeb
All. JkPac— 1ft mort.
Incomes
Ol^a
'17%
Blocks 35 per cent. .96
Si^
Cent. Div. old
*68
Cent. div. new
Accuni'd
I'd sr't
bds*
i«
i8
Old
Bos. Hoos.Tcfe
West st'k
Debenture
Bum
105
93
20
....
1
Bost.H.&E.— Newst'k
%
^
6I3
7ifl
OS's
65ia
N. Y. &Phila...* 16
'69
Trust lionds, (is
California Paeilic
'i^a
('en. of N. Jersey deb. 39>fl
&
21
*5
83
49
50
Uti. ver
A Kio
O. West
Georgia Central. lst.*112%
3
Ga. Pac. stock
Istmort, 6 p. c
91^
2dinort
42
Keoly Motor
ll>a
Leb.inou Sprluss, 1st. *5
»5
1st, end
No
....
Den. City, del.
Istmort
price Friday,
Bid, Asked.
9
Missouri Pac, cow. cor. *78i
M.U.St'k Trust Certs.. I413
IT'S
M. K. &. T. inc. scrip. 4II3
42
N.Y. &Or L.-2d inc. "7
10
60
N.Y. M. U. Tel. st'k. ..57
N. Y.L. &W,2d, 5p. c.
100>4
guar, by D. L. & W.IOO
11
N.Y.W.Sh.AiBulT.— Stk 10?!
North Pae. div. bonds. 7433
l'9>«
No.Rlv.Const.— lOOp.o 18=14
Ohio C.-Riv. Div. 1st 30>a
Si's
Incomes
6
5:ii
Pensao. & Atl
'i
Istmort
& Western
Istmort
76
23
26
88%
Postal Tel.. stock
Istmort., 6 p. c
Postal Tel. &Oab.stook
7^3
58%
&
West
19
Kaus. &Neb., l,-<t... 'J3
do
2d... 54
do
St. Jo. & Pacific Ist. 90
do
do
2d... 55
St. Jo.
*64
Istmort
Ft. Wo'h
i
Pitts.
All.— Ben. stk. 15
Denver & N. Orleans
l)en.& K.a. R'y— Cone. * 80
Chic
L.AN.col.tru8tl)ds'82 S5ij
Mahoning Coal & KR- • lOig
2
Mexican. Nat
9%
Prof
Divlsicm.
H Includes 68 p. e. ol' earnings of N. Y. Pa. A O. RR. from
Included iu Central Pacilio earnings above.
}
t
430,000
deviations from returns of previous week are as follows:
*a5,20O Netdeposlts
Dec. H.828,500
Loans and discounts.. ..Dec.
whissonT.&C. stubs* 20
,()66',207
a
The
5s
. .
t
8,733.000
7.460,000
7.679.200
7,474,000
3.963,100
10.150.200
2,650.000
9,20f,900
2,191.000
1,482.400
15,027,100
3,038,900
2,880,900
1.861.300
1,(08.000
3,718,300
8,713,000
2.163.eO0
5.O79.O00
24 .874.100
2.487.3001 25,921,100
114.200;
191.S0O
1.475.300
17.000
224,000
1.500,000
118,400!
172.4001
1,0.^8.100
6,521.100: 1,228,200; ln.173,600
6.34,0001 1. 752,000,
9.592,000
030.000,
4.139,000
133,000,
1,611.700
0,8:15.900
698,100
3.7a3,70u 1,122.400 17,671.^00
5,ir, 9.700
1,827,800
721,000
321,400
211,300
1,324,400
'.03,200
22.J.400
2.153.200
13.900
SOS.OOO
2,273,100
381.500
95.900
2,253,800
5,1-38,800
1,503, 100
843.800
50'J,4OO
113,000
2.510.OOO
2,513.300
3.0U5.000
Bid. Asked,
1833.
307
2,310.100
100.700
1,070,000
8,442,900
3.-97,800
3.478.000
1,337.400
S.Vork County,
.."00
S,8«'2,000
.SOO.OOO
500.000
Ifcl.flOO
139,900
484,100
1^6,600
3»4.000
742.100
569,300
850,000
340.400
2:8,600
122,900
195,900
509.000
H.907.200
2,238,000
4,329,000
23,931,300
21 ..365.000
1,031.300
1.530.000
1,205.300
15,291,100
LOOO.OnC
"EO.OOC'
National..
Third National.
N.Y. Nat. Bxch.
Bowery Nat'nal
2,185.000
1,311,700
470,300
883.600
8n.:oo
4,89r,,800
0,3!8.(I00
lrt.573.900
4,6;i8.900
Ntlnth National,
274,700
813,300
225,500
885.000
117,200
118,300
829.40O
401.100
234.100
111.000
112.000
188.500
433,000
141.I0O
241.000
3.265,000
8.208,600
1,025,600
1,220.400
338.200
843.000
030,700
1*0,500
251,700
2,037,100
520.400
2.519,000
423,100
181.500
2.988,000
2,57:.700
2,840.100
2,857,100
3.3CH.O0O
,500,000
1
825,8'JO
1,064/XW
5;. 800
4-.B.700
11,4M.000
Park
2,000.000
Wall St
000,000
2J0.O0O
North Ulver. ...
230,000
3u8t Klver
Fourth Nat'nal., S.KOO.OOO
3,000,000
Central Nat
Second Nat
300.00C
978.000
526,000
1
3,324,600
10,450.400
2.st8.000
800,000
S00,000
500.00C
soo.ooo
1,000.000
1.000.000
300.000
400.000
~i
1, 295,000
1,411,000
1,095,400
t67,000
1,202,700
2.671.800
420.000
4,155.500
401.300
812.700
4.140,900
371,900
870,500
481.500
105.000
40,500
172.100
4.23H,( 00
1.462,: 00
.1,000.000
«00,0(10
..
Cltlions'
3t.
5,049,100
1.825,700
1,007.000
1.028.500
2,965.900
1,212.300
4,539.700
10.530,000
19.088,500
e.862,900
7,37a.200
2.403.000
3,848.200
5,000.0001
Mercantile
3, .SOO.OOO
3,4i4,(iOO
socooo
American Bxofa.
Commer<!e
Br^adwaT
.
•;
1
300,000
200,000
200,00c
800.000
300.000
Greenwich
Leather Man'f's
Seventh Ward..
Metropolitan
3,081,000
«.«11,500
3.250,500
.413,800
300.000
1.000.000
l.OOO.OOO
Sallatin Nat....
Butchers'* Dr..
UechanlCB*
10.(i(tH.300
1. 000 .000
1.000,000
1,000,000
Tradesmen's ..
Fulton
Chemical
Merchants' Ex..
fiorth
8.170.800
8.7il.000
4,211,500
2,000.000
1 ,200,000
8.000.000
Onion
America
Boads.
WeekorUo
tl
/>^al
Tsnders.
%
MOt.OOO
zwBJwo
Merchants
1S83
Jan. 1 to Latest Date.
8p<c<«.
(
0,3(3.000
t
2,000,000
2.080.0 00
New York
Fisk IS
51.385
11,934
61,320
130,330
Loans nna
discounts.
ii'lrst
54,855
130,975
216,212
197,333
3,081
63,107
376.631
79,960
499,253
757,549
154,625
3,929.357
81.152
Banks.—The toUowinK atatemant shows
Averaot amowit oj~
Banki.
City
2,616,244
2,669,017
591,273
163,994
191,782
185,720
233,449
71,496
564,162
36,102
164,616
09.098
457,415
616,232
355,704
73.159
81,230
49,000
2,599,603
46,024
266,519
1,827,156
248,766
451,074
243,697
2,785,000
2.899,800
xxx\m.
\/6iu
condition of the Associated Banks of New York City for
the
week endintrat the commencement of business on March 1:
332,000
2(j9.114
1,583,000
359,275
59,443
1,232,716
231,910
.
Do
:
1
THE CHRONICLE.
290
Flint
5
.
Texa-^ Pac. old scrip
9214
48
Tex.&Col.Imp.-60p.t*90
T.x &St. L.,M.&A.lst ....
95
U. 3. Elec. Light
&
Meridian
.
3
8S
Pref
*8
18
Istmort
2d murt
Incomes
*....
11
£0>«
7»8
59''8
16
21
97
56
100
56>«
•40"
New
Vick.sb's
29
Wisconsin Central, l8t*82
23% 24
These are latest prices this week.
•eo"
4"
16
100
.
*
•
March
THE CHRONICLE.
8, 1864.]
Juucstmcuts
RAII^ROAD INTEL KiiENCE.
I.
The In VKSTDRs' Supplbmest contaiiis a complete exhibit of the
Funded Debt ofSUitea and Cities and of the Stocics and Bonds
of Railroadu and other Companies. It is published on the
Saturday of entry other month
last
—
Febrtiary, April,
viz.,
June, August, October and December, and is furnished without extra charge to all regular subscribers of the Chronicle
Extra copies are sold to subscribers of the Choksicle at 50
cents each,
and
to
others than subscribers at |1
per copy,
L'ABIVnit».
1881.
1882.
$
Capital stcck
77,672,750
Kiixded debt (lui per INVEBTOBS'
Huri'i.K.HBST
57.9011,180
1,834,112
Hons. and giound rents nay ntde.
Penn. Co. for Ins. on Lfve», Ac
" Trust eert llloatos "
10,000,000
Accounts pa.vablo, viz.—
Ilalano) duo other roads
524,370
1.^83.
$
85,3(1, .300
02,61l',7SO
57,326,020
1,^98,027
50,740,153
1,824,027
P,571,0C0
9,113,000
584,477
4,390,056
61.590
330,360
11,874,110
,
Payrolls and vonchera for Deo ..
Cash dividond unpaid
Divldi lid SOI ip outstanding
Sundry ]io<!ouii's due other roads.
SecuritliM owned by tlus L'niled
N. J. Rallri ad A (anal Conip'yi
4,343,970
86,072
1,708
3.307,641
652.518
J, 4 12,578
96,387
430,280
3,632,101
trausfoiTod Willi tho li
Eiiulpinent of United N.
3,805,585
3,89,<«,585
3,859,295
?,809,851
2.679,804
2,267,004
guaranteed by tho Penn.
HR. Co., under trust created
Oct. 9, 1878
1,000,000
Cciisol. moit. bonds redeemed
925,940
Balance to credit of protit and loss 10,344 ,070
2,600,000
12,104,639
3,100,000
1,489,610
13,613,181
'<
Can
Fund
AI«'TuAT7^EPdRTS]
291
Co.. tr.ini>forr<(l
for the p irclia.se
ii'e
.).
RI(.
A
with loaso
i>f
securi-
ties
I'ciinsylvaniit Itailroad Conipaiir.
(Par the year ending Dec. 31, 1883.)
Tlio full text of the annual report of Mr. O. B. Roberts,
President of this eoniixuiy, will l>e found on a sub8e<iuent
],208,7f,0
173,547,876 186,709,899 204,411,629
Total
Union Pacific Railway.
(For the year ending Dec. 31, 1883.)
containing statistics of tho traffic and earnings of the
past year. Tlie general income account anil bsilance sheet for
three years, as compiled for the Chronicle, are given herewith, as they present jui interesting compariBon with previous
jwige,
The Union Pacific annual report furnishes the earnings and
expenses for 1,821 miles of road only, including the mam line
from Omaha to Ogden, the Kansas Pacific line from Kansas
GENERAL INCOME ACCOUNT FOR 1881, 1882 AND 1883.
City to Denver ami from Leavenworth to Lawrence, and the
The following statement shows tlie detailed income account Cheyenne Division from Denver to Cheyenne.
of the Penn.sylvania Rjiilroad Company for the years 1881,
Tlie facts relating to the Union Pacific mileage and earnings
1882 and 1883, the "' net inc"ome" given in the first line being might easily be misunderstood by many readers of the Chroktlie amount of income after deducting interest payments.
ICLE without the following explanations
1881.
1882.
1883.
1. The mileage on the main Divisions, as above stated, was
Net liioonie Peiiii. RR. Dlvl8ion.$10.131,718 $10,7fi8,563 .$11,943,432
Net loss New Jersey Dlvlaiou ..
302,865
568,738
633,914 1,821 miles both in 1883 and 1882, and the earnings given in
the report for each year are based on that mileage.
Biilanrn
$0,828,853 $10,109,805 $11,289,516
2. Tlie whole Union Pacific system, including branch and
From tills balance of <iiooniefor
connecting roads, was 4,693 miles on January 1, 1883, of which
tlio year tlip fi>n<iwiiig am'nts
huvi! 1)0011 ilodiiott (I—
513 miles, embracing tlie Central Branch Union Pacific and
Pnyit!OT;TR
lo tni^l liiml
$600,000
$000,000
$600,OC0 leased lines, the Manhattan Alma & Burlingame, the Manhattan
"
nirt,L,MKcre(Iooiiic(l
286,480
232,810
280,860
& Nortliwestern and the Nevada Central railroads, were
'!<>. RR.— Ailviiuces ..
143,332
Coul Co.— Advances .
7,000
operatetl by other companies, leaving 4,180 miles operated in
3,500
years.
:
.
rinii. it t;rio— Di'floieucj'
Ailegliciiy Viil. KR.— Deltcioncy
175,073
242,021
157,404
50,000
15,000
SO.OCO
Do
Advances.
Sunli. Ilaz. & WilK-.— Dolldency.
Fred. A Pcnii. Lino UR.
do
.Vin.
SS.
Co.—To meet
Do
r.i;i
Int.
15,000
S 0,000
90,000
$1,767,370
$1,685,285
$1,736,970
$8,060,983
5.861.718
$8,514,520
0,890.715
$9,552,646
<8)
(8ial
(8>»)
.'
n,.i,:~
Dlvliloiiils
of dividend
l:i!u.
.
-
30.0(
to rredltof incomeactor dcducling nil imy-
:!
!
I
251,520
400,490
15,000
90,000
25,000
guar.
.Advances
i.
Rate
257.384
361,591
tociedit of profit
7,.530,e5O
and
imnt for yoar
$2,100,265
$1,623,805
$2,021,990
\i;u ;iLiii lint realized fr^m settloiiiont of old Accoiiutii, ai:d
profit
on sale of securities
226,753
350,806
$2,550,131
Deduct batnnoe
io
$1,850,560
1,996
003,452
Add nmouiit
7.793,919
10,344,079
12,191,639
Balance to credit of profit and
lossnoo. 31
$10,314,079
$12,191,639
$13,613,183
(lENERAL BALANCE DECEMBER
A88KT9.
ItSl.
C'ODStruotloD, rqiiipmi-nt and real
cgtalo accounts forilie railroads
lietwoen Plilla. A IMttslmrg
Cost of liondsof railroads
Cost of stocks of railroads
Cofit*'f
tii.n.i.. -111(1
p;;
o'
1882.
1883.
$
$
71,237,948
; 1,367,287
54.031,778
58,568,560
7,07.%,109
5,018,603
0,C02,464
1,900,000
10,COO
2,600,000
10,000
3,100,000
10,000
19,690,474
73,912,8.^5
.30,160,691
muniooal oom-
i'(>inpaniofl. blidge
liivcslmonts not
euuinorated
of Trii.st cieatcd liy
ItR. Co. Oct. 9, 1878....
.::;,l
i^i;
fund
<
and ground rentals
'
re-
.0
oxpended for the mir"f nntliracitcci'iil lands..
Vri.ru,-' il
value of securities
uwin'ii by L'lilicil N. J. Cos. and
tiuis, rrcd with lease
r-'liiipiiu-ii*, owned
Ijy U. X. J.
8->,661
60,923
57,650
738,011
721,131
709,330
VijMi.iii
'
h;i-.
1,
1883.
In the annual report the etirnings and expenses are
reported for the 1,831 miles only and nothing is said of the
connecting roads. The only item in regard to the result of
their operations is containeil in the income account, wliich is
supposed to give tlie net profit of all the connecting roads in
the interest and dividends received by tlie Union Pacific Com3.
at #3,066,682.
The monthly statements of gross and net earnings given
company during the year (which are most useful to
stockholders) give tlie gross and net earnings on all the lines
operated liy the company; and from tliese and the aiinual
4.
out by the
report together the following exhibit
is
compiled.
T882.
1,821
Total miles In tho system Dec. 31
4,b93
Total operated in Union Pacific interest
4,1 80
Gross earnings on 1 ,821 miles
$22,823,884
Not earnings on 1,821 miles
12,096,835
Gross oaniings on auxiliary roadu (2,369 miles
Jan. 1, l>iH:i. and 2,755 miles Jan. 1,1884).
7,340,043
Mlie-s of
!4tooks of
.ions,
ci:
31.
52,9.^3,573
(.7,092,875
January
pany from stocks and bonds owned, which receipts are stated
$2,0'.i
eettlemoDt
of cinlios aiidold accounts...
to orcdlt of proUt
and loss Jan. 1
the Union Pacific interest.
During 1883 there were added (mainly on the Oregon Short
Line) 390 miles, while the St. Joseph & Western and Solomon
railroads, 308 miles, were deilucted from the Union Pacific
system at the close of 1883, making the wliole mileage January
1, 1884, 4,781 miles, from which the same 513 miles deducted
as in 1882 left the total mileage operated in the Upion Pacific
interest on January 1, 1884, 4,268 miles, against 4,180 miles on
main
roa<l
1883.
1,821
4.781
4,268
$21,002,541
10,648,001
8,758,453
Netoarainga on some
2,205,142
2,142,823
tirosi eaniiiigs on total miles operated (4,180
Jan. 1, 1883, and 4,,376 Jan. !, 1884)
30.363,027
29,760,994
Net eaniings on same
13,090,823
14,301,977
Decrease in net earnings on 1,821 miles......!.
:, 448,831
Decrease on total mileage
:.....
1,21 1,151
The annual report of Mr. Sidney TJiillon. President, states that:
" The aggregate amount of passenger mid freiglit traffic for the
j-ear 1883 exceeded the amount for tlie previou.s year, tho diminislied earnings having l)een caused by a reduction in rates.
total number of passengers carried was 1,185,984, being an
The
excess of 21 per cent; and of tons of freight carried, 3,583,285,
being an excess of 23 \we cent oyer the year 1882. The busi(OS. and :ransfenea Willi lei s?.
2,805,335
2,679,301
?,267.0C4 ness depression in Colonido for a greater part of tho year,
A mount of fuel and materials on
together with a division of Montana traffic with tho Northern
lian.l
3,963.457 Pacific Kailroail, and the entire diversion from our lines after
3,313,332
4,201,857
AiiiiiuM "f bills ami accounts reSeptember lOtli of the pa.s-senger business lietween Oregon and
:\ :iii!o, and amounts due fi'Oin
W.iiihiiigton Territory and the East, caused a large loss in the
otlh't' :i>.id.4, iiioliidInK advaiict 8
made to railroad oorxioratlons
During the last
I)aRseii.ger business of the Union Division.
forconstriiotion and piiroliaseof
seven montlis of 1883 there was a reduction of 25 per cent from
oqiiii". u.tod on tlioir lliio^, viz.:
the rates previously in force on all the company's lines in KanPi il. .t Krie Rlt. Co
21,501
Pnitcd New Jcr;-oy KR. A
sas, but the local traffic resulting from the development of the
Cnn;il Co.-- Construction
441,877
742,349
1,061,818 country tidjaceut to the railway considerably exceeded the
.^iiiliia.: fund and redcmprates in Cololinii .((•ount
1,2.^2,200
1,363,120
1,350,140 amount of this loss, and but for the reduction
Koiil o.>.lato
rado and Utah, aiising from the coiiiiietition of rival lines
6C0.I4I
655,421
733,039
Phila. & Tivnton— Conatrucfn
611.89.1
211,112
!ind the failure to agrw uiKin rates, Oie gross earnings of the
Real estate
108,19.1
39,335
company for the past year would have been largely in excess
Otiior companies
8,56.1.0! 8
8,192,160 11.140,429
Cash baiaiiro In London
The latter of these crtuses has now been
1,141,997
I, U 9,670
1,136,697 of the year previous.
Ca»h in liiniU of frrlghl and posremo<lied, and with the maintenance of present rates, and the
.songer agonU
2,00.'',812
2.345.081
2,C64,651 continuecl increa.se of traffic, the gross and net earnings for the
CapU In hands of Treasurer
1,673,103
5,60n,4.-)5
2.398,636
year IKS-l should show very favorably when compared with tho
Total
175,547,'370 186,799,390 204,411,623 past year.
3,%93,385
3,395,385
3.819,295
I-.
m
.
.
THE CHRONICLK
292
"la the through, and in the
was a gain from last year of
Pacific Coast business, there
23,083 tons in the east-bound
The
freight, but a loss of 67,873 tons in freight west-bound.
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 33 per cent. The
average decrease in rates per ton per mile for the year on
through freight was 78-100 of one cent, and on local freight
*
«
*
was 34-100 of one cent."
" The 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 exi)enses being
$373,,508."
*
" The total amount of coal mined by the company
amounted to 757,119 tons, being an increased from tlie same
mines
of 95,273 tons, or 14'3 per cent, over the out-put of the
preceding year. Tlie average cost loaded into cars was $1 40^2
*
*
cents per ton, being 5J^ 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 commenced, and exceeded the sales last year by the sum of
$2,308,837. The total numter of acres'sold during the year was
The number of pur1,160,349, for the gross sum of $4,081,133.
chasers was 3,814, who bought an average of 305"8-10 acres
* *
average
price
of
50
per
acre."
each, at the
$3
" During the pa.st year the railroads connecting with the
Union Pacific Railway and operated under its control were
extended as follows
Oregon Short Line Railway and Wood River Branch
317 miles'
"
Omiilia and Republican ValU-y
27
Omalia Nlobr.ira & Blaek Hills
14 "
"
Georgetown Broekenrirtge ifc Ijeadvlllo
2
:
DenverSoutli Park
&
Ettmings^
Mail, express, &c.
Total gross earnings
Operating expenses
—
36
Pacific
396
Total
"
miles.
;
DENVER SOUTH PARK &
PACIFIC.
" It was deemed advantageous that an independent line
should be constructed to Leadville, in place of paying to the
Denver & Rio Grande Railway the large sum demanded for
the use of 43 miles of its track, by which the connection to
Leadville has hitherto been made. Accordingly, a branch 'M
miles in length has been built, extending from DiUon to Leadville
and on the 6th of February the first locomotive passed
over the route. A shoi-t spur, 'i):4 miles in length, has also
been built to give direct connection lietween the Denver South
;
Park
&
Pacific line, and its Guimison extension.
The brancli.
16 miles in length, extending from Gunnison to the coal mines
on Ohio Creek, has been completed, by which an amjjle supply
of fuel of excellent quality has been obtained."
In regai'd to the Union Pacific Company's relations with the
United States the report says
"The relations of the coinpany with the United States have
not changed during the ])ast year. The principal matter in
dispute between the Government and the comjjany is in relation to the amount which shall be allowed to the company as
compensation for the carrying of the mails. Under the decision of the United States Supreme Court, the company has a
charge against the United States for tliis service, covering the
period from February, 1876 after which date the company
gave notice that it would no longer acquiesce in the rate prescribed by the Postmaster General— to December 31st, 1882,
which exceeds the allowance of the Postmaster General for
the same ijeriod by ujnvards of $3,500,000." * * "The matter
has therefore been allowed to go to the Court of Claims for the
purjjose of having the fair and reasonable rate contemplated
under the company's charter established." * * "The total cash
payment claimed by the Government to December 31st, 1882.
under the least favorable construction of the term net earnings under the Act of 1878, is $1,727,742. Against this
balance claimed to be due by the Government, the company
has the claim above referred to of about $3,500,000."
The statistics for four years, compiled in the usual forui for
the Chronicle, are as follows
:
—
'
"
'
'
:
HOAD AND EQUIPMENT
1881.
1,821
Miles operated
Pass'ger. mail
& express cars
C^ralions—
Passengers carried
Passenger mileage
Freight (tons) mileage
Harnitif/s—
Passenger— Cash
Government
Freightr-Cash
Government
Company
1 sg.''.
1,821
344
279
344
394
34 >
288
6,882
AND FISCAL
1881.
6,940
6,880
.
Freight and aU other cars
OI'KRATIONS
1882,
1,821
Locomotives
807, 140
152,970,005
783,331,084
$
4,922,711
208,860
15,075,515
484,013
1,503,599
ESULTS.
1882.
981,419
1,57,527,336
732,791,051
$
5,054,344
143,386
13,543,841
361,648
1,496,678
1881.
12.064,119
$2,223,987
1383.
$2,075,134
24,258,817
$22,823,884
$21,002,542
2,082,492
1,845,962
249,115
4.626.407
2,596.230
1882.
2,179,071
1,700,426
5,185,906
2,482,588
394,011
538,341
Renewal of rails
Equipment and motive power
TraLsportatiou expenses
Taxes
General
Total (including taxes)
556,143
4,733,832
2,392,499
487,786
474,297
12,480,343
11,778,474
51-45
...
Netearnlngs
Per ct, of oi>. exp. to earnings
50r,,i4l
531,686
10,727,049
12,096,835
10,354,541
10,618,001
4700
4930
INCOME ACCOnNT.
1881.
Receipts Interest
$
12,096.835
2,211,099
10,648,001
2,066,682
13,111.152
14,307,931
12,714,683
4,819,128
117,196
4,076,134
4,976,204
191,645
4,667,711
177,863
4,260,783
Dividends
Rate per cent, of dividend
Sinking funds
Due U. 8. on year's business..
Total disbursements
Balance, surplus
1883.
$
and dividends.
Tcital income
Disbursements-
1882.
11,778,474
1,332,678
Interest on debt
Discount, int'st, premiums, ifcc.
$
4,26().788
7
307,000
442',00T
1,653,359
2,097,190
7
476,489
1,869,958
10,972,817
2,138,335
11,967,827
11,452,809
2,340,107
1,261,874
GENERAL BALANCE AT CLOSE OP EACH FISCAL TEAR.
1881.
1882.
1883.
.
,
$
Road, cquip't. &o
Stocks owned, cost
Bonds owned, cost
Advances
Materials, fuel,
&c
U. P. bonds and stock
Denver Kxtensinn slnk'g fund
Coal lands and mines
Bonds and stocks held in trust
Land department assets
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
Januaiy, 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 cun-ent 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 ^viU exchange with the Union Pacific upon further development of the Wood River Mining District."
Vol, XXXVIII.
$
Maintenance of way
Netearniugs
*
*
I
Total
I/iabitities
—
156,949,005 157,3 11,640
13.582,700 -14,230,762
18,537,978 19,500,645
2,552,213
4,811,124
2,195.95()
13,210,9,50
6,074,212
231,122
3,208,950
0,306,759
200,477,246
201,554,297
209,085,797
60,868,500
82,118,133
33,539,512
12,590,388
60,863,500
81,845,507
33,539,512
13,136,489
4,035,078
780,766
6,544,868
842,743
789,635
10,531,911
793,915
15,198.988
200,477,246
201,554,297
209,083,797
Stock
Funded debt (see Supplem'nt)
United States subsidy bonds..
Accrued int. on subsidy bonds
Bills payable, and all other
dues ani accounts
Interest accrued not due
Balance of income account...
Total liabilities
$
156,878,669
12,755,754
16,375,055
2,563,360
3,164,477
164,046
199,545
106,178
289,000
431,570
18,5,572
9,214,106
60,803,500
84,506,332
33,53:1.512
13,86s,011
!3fl8,509
The items include stocks and bonds of other companies owned by the
Union Paciflc and which connect with it and contribute to its earnings,
and also miscellaneou.s bonds and stocks costing ,$699,806. The stocks
and bonds of railroad compauits only, embraced in thc.^e items, amoimt
»
Par value, $5,033,300.
at their par value to iJCil, 347,722.
{The balance sheet in 1882 and 1883 gives the floating assets and
liabilities against each other, making the following exliil)it in each year
1S33.
Assets—
18S2.
$1,962,310
rash on hand
$1,609,660
1,2.59,510
Balances due from agents and other roads.. 1,692,516
Balances duo from auxiliary roads
927,648
2,099.433
2,011,318
U. P. stock and bonds owned
2,557,504
Fuelaud material
2,763,437
$9,009,581
$9,832,363
$2,74',000
2,557,337
2,398,237
2,148,749
$3,398,000
$9,852,324
$10,141,372
308,509
Liahilities—
Notes payable
Accounts pa,v,ible
Coiipono, dividends and drawn bonds
Audited bills, pay rolls, &c
Excess of
liabilities.
1,411.0.53
2,421.100
2,907,612
Delaware & Hndson Caual Company.
year ending December 31, 1883.)
{Fo7- the
The annual report is very brief, as usual. It states that the
mining of coal was suspended sixty days during the year, and
while prices were low, they were well maintained, thus justifying the policy of a proper restriction of the product. AVhile
the railroad system in its entirety yielded satisfactory results,
the depression in the ore and iron industry seriou.sly diminished the earnings of the leased Imes, which w.as, however,
])artially overcome by the increased coal tonnage 953,000
tons having been transported over the Albany & Susquehanna and its connections.
At the last annual meeting of the stockholders, an ordinance
was unanimously adopted authorizing the incre.ose of the
capital stock from time to time as the bonded debt of the
company matures, until the aggregate capital shall amount to
—
$30,000,000.
Under this ordinance $3,500,000 was offered at par in June
$3,877,100 of wliicli was
last to the stockholders of record
subscribed for, leaving $632,900 in the hands of the company
the ]iroceeds of said issue of stock are being used in the retiring
of the $3..")00,000 of 7 per cent lx)nds due July 1, 1884, all of
which will be paid at maturity.
The statistics of income, and the general balance, for four
;
;
years, compiled in the usual
the following exhibit:
form
make
for the Chronicle,
INCOME ACCOUNT.
1883.
1,185,984
148,963,839
745,989,015
4,545,348
113,768
12,596,584
342,957
1,32.S,751
1880.
Keeeipts—
Sales of coal
Canal
tolls
1881.
1882.
1883.
9,328,763
58,400
8,993.510
60,007
187,363
9,575,362
52,403
287.038
$
7,210,.524
42,810
93,516
243,537
Miscellaneous profits
745.431!
492,924
727,283
345,075
Coal on hand (Dec. 31)
888.059
812,455
561,948
805,914
Railroad enrnings in Penn.
1,905
8,465
Profit on leased lines
257,541
249,497
312.243
301,858
Interest on Investments.
8,948,327 11.083,547 10,894,251 11,808,2**
Total
—
Makcu
)
.
THE (CHRONICLE.
8. 1884.]
1881.
1880.
IH$Burtemenl»—
Cout on
tiuiid
1.
MIlllllU- .'Oill
iMirtntloii,
lit
ie.
uml cxiM. ...
iw.
•
402,ll'J4
80«,H27
7a.'i,33l
1,737.1»7«
l,3l:t,»73
30ll.n7H
1.374,7H4
400,401
8,048,3'.'7
'i,10-J.4U4
ud ouiUiimvut
"-"
. .
-
fl,.130,21O
0,3.30.210
ti,58 1,070
0.041,17"'
r..',(57.188
2.751,230
083,185
1 ,022,038
1 ,008.787
3.507,074
300.000
2,7U(i,320
740,701
l,02i:,'J3S
3.5»7,074
300,000
0,027,804
2,720,311
(>»0,307
l,022.<.i:i8
1,07-1,808
3,ri07.O74
300,000
10,140
200,773
IIR
727,233
608,Sn4
1
icj)
<!rj.l!?l
4,201.700
00,410
tiuiul.
902,130
illai-eoeivublo.. 3,785,050
Toiul asxct>>
Liat/UUien—
34.'>,07.'5
400.015
015,514
2,085,340
00,410
0,li:!.-,.l(13
3,507.074
.52,113
.•ll,2-:0
>
,408,449
2,000,203
1
3,88-1,088
•
l!
oud loM
Tolul liabUitioa
$
745.430
021.003
048,724
3,944,540
09,410
1,400,143
3,914,970
S
$
20,000.000 20,000.000 20.000.000 20,000,000
10.837.000 18,843.000 18,703,000 18.703,000
1.003.827
823,003
830.899 2,111.732
200,780 1,230,431 1,-188,087 2,005,308
41,041,614 40,902,484 41,087,986 43,213,038
ThMo iniMi'oUnntMjus amet*
lucliide tUo foUowins : Albany it Siisqiie( 1 .970), $1,070,000; eiiindry bonds, $159,808; 8,540 shares
Siuuiiiulianua, $854,000; 8.141 sliarea Rensselaer
Saratov,
$814,100; sundry stocks, $140,041.
*
Uiinua consols
&
&
Albany
Pitt8biir$r
& Lake
Erie.
{For the year ending Dec. 31, 1883.)
The iX'port of the General Manager for the year 1883 shows
EAUSING8.
'•
•
1
Kiiii
1
Fortriinsportallon
For uioi ivc [lower
223.538
•ii(,'ci"8
~
1(1.013
\i>ieafl
10,048
Forniainteirnceof way.
ForniaUittn'nceof curs.
For him of cars (lib. bal
For Kcncral eiivustg...
775
li'ruu Iclrgiaiib.
$1,402,703
liividtiiid
and
144,169
42.579
77.129
$^107,150
The workin}5 expenses were
cent of thcgross earnings, a deerease of 1'4 i)er cent from last year.
The earnings
show a surpliLs over exjienses of $407, LW after taking care of
inlfr««st
the
u|)on the boinletl debt, scrip certificates and all inThe e<|iii[)in<'nt notes duo the Beaver Falls Car
aniountiii);; In *(J1,188, h,ave been paid during
.,,< payments oil this jiccount for 1881 will bo but
•id for 1*8."). iflS.-fiO, closing out all the iJayiuents on
,'i8'4
jter
'.
r
fipiipnieut.
l«irgely-increase<l facilities lire needed
accoinnwHlate the business at Pittsburg.
The
i.ingsshowan increase of ifl37,015 in'1883 over 188'2.
I'lLsidcnt rciK)rts the financial condition of the road as fol>-: Total mortgage and capital stock, !^2,193,0.j;5
total
'lit. |0ir),00i); balance due for equipment, iS.JO.OI4;
loan, i!!2)H),41!>.
The a«sets are
Construction,
li:
eiiuipment, sjl,ll«,3l8; right of way, $-1h.-),;J.-)B
rwd estate. !i!3'i.'5,090 cash on hand, f18,892. The undivided
ly
I
:
.
:
;
;
surpluii
Atlantic.
(For the year ending Dec. 31, 188;J.)
The road extemls from Camden, N. J., to Atlantic City,
59-TS) miles, with a branch from Atlantic Citv to South Atlan"iTl miles; the Philadelphia Marlton
Medford, a branch
&
•
a Madtlonfield to
Net receipts
9235,733
,
tnt4ircHt pold
BlukUiK fund
;
...
Sledford, 11-70 miles,
is
9I64,4IU
21,000
9175,416
Balance to the orciUt of
profit
and
loss
960,317
.,
The total balance to credit of profit and loea December Slst,
1883. was $0-1,770.
The company al.80 holds as a cash assjst $100,0<X) of first mortgage bonds of the Cumberland & Peiuisylvania Kailrood, acciuired in 1875 by the imyment of $08,600 in cash from earnings, as mentione<l in previous annual reports.
The funded debt wiis reduced during 1883, by the purcliase
for the sinking funtl of the second mortgage Ixmds of tlie Cumberland
Pennsylvania liailroad Company and the 7 jx-r cent
&
mort. bonds of the Con-solidated Coal Company, amounting to
$31,000, leaving total funded debt Januaty 1, 1884, $2,501,500,
against which the company holds in sinking fund $84,500.
" In the past year the company contractSl for the building
of two iron steam colliers. Tliey will be completed early this
spring, and will render an imjxirtant and much-needed service
in the large and growing coastwise business of the company.
"The railroads of the comjiany have Ixjen improved during
the year by the addition of 130 tons of heavy steel rails. The
lino is
now
laid
with
steel
raUs.
Every branch
GENERAL INVESTMENT NEWS.
Atchison Topeka & Sante Pe.— The Unitetl States Supreme
Court has rendered a decision in the case of this company
against the Denver & New Orletins Railroad Com|>any, appeal
from the Circuit Court of the United States for the district of
Colorado. This was a suit brought to compel the Atchison
Tojieka & Sante Fe Railroad Company to unite witli the Denver & New Orleans R;iilroad Compaiiy in forming a through
lino of railroad transportation to and from Denver over the
Denver & New Orleann road, with all the privileges a.s to
exchange of business. By the decree of the court below a
compulsory business comiection was established between the
two companies. The United States Supreme Coiu-t now holds
that the constitutional right in Colorado to connect railroad
with railroail doi'S not of itself imply the right of connecting
business with business; tliat the com-ts cjinnot compel onerailroad to do business with another, acrording to a scheme
which they (the courts) may devise; that the question of the
relation of these two roads, so far as through busjiness,
through tickets, interchange of cars. &c., is concerned, is
legislative rather than judicial, and that upon the existing
facts a Court of Cluancery can alTord no reme<ly.
Etecree
reversefl and cause remanded, with dii'ettions to dismiss the
bill without prejuilice.
The earnings and expenses for December, and for the
year, in 1882 and 1883, have been as follows
—
:
.— J/ohWi uf Dtceniber
is i^i-'iOiijl?.
Camden &
'
on hand
$1,700,501
kind (cxriufiveof Interest and sink1,514,858
dition."
$175,853
Snrplua
mines, railroads, rents, &o.. Including
colli
i;vcry
ing i""io
21.5,295
lt>8,C06
$120,000
55,853
lloattng debt
for ttie
:
$202,589
iuten-st
t
I'!!.'*
'111 -1 ii|',
r
whole main
$819,759
$583,004
Npt caruioKS
Til tliu
""
'mm
company
furnishes the following
of the road department has been maintained in superior con-
EXPENSES,
$i.i52.i'-a
-•lit
•
•
188.'!,
:!00,()00
4M,2()«
09,410
1,148,322
'
vali
Total
070.078
.>2(M0-l
210,022
492,024
037.005
625,073
3,0.58,429
I'rosident's report of the business of the
Orofifi
1,022.038
41,041,611 40,002,484 41,037,080 43,213,038
I;, nils
Mi-<'<<lllUICOUS aCVOUUtH...
924,048
year ending Dec. 81,
0,330,210
...
'
61,433—150,839
GonHolldiitioii Coal Co.
(For the year ending Dec. 31, 1888.)
The
1883.
0,4.'i«,2.')8
i:it.
L
180,401
lialancr
VEAK
1862.
e,33lT,210
V!,7i;t.'.».'>7
i:U..
IIR.
l>rulll
F18CAI,
0,414,750
8,840,310
I . .
..
l,!it).->.S43
$
.
1
1,H38.201
1831.
1880.
"
9,979
9170,783
Intoicnt, rcnta, lni|iniveilMnt«, ele
Ulvldcndaon iirvffrrod Uook, 7 p«r cent
ll,OS3,847 10,B04,!i»l 11,S0H,I244
OKMKRAL BAUUtCK AT CU>BE OF KAOn
1
407,760
1
91M,WW
M.042
i.:i.'M,4'j!)
Totul
K1I.S73
,*U-.I.H44
,:f.M.l)tl
nill.0-24
1
abore
Totul
71IM,701
l.OMO.II*'^
i,:ir.',0H3'
iia
293
Interest, etc., received
4
4.4-.".2,Ut3
l,A68,24.'t
i.U...
:
Met •amlDKi
isae.
9
3in,</7ii
3,171.3ttU
ml.';
s
tass.
9
737.'iH4
9
JuD.
.
also operatetl,
Tear.
1883.
1882.
]8(?3.
ItSi.
Miles of road operat'd.
1,820
1,820
1,820
1,815
OrofW earnings
$1,105,817 •$1,458,039 $11.1 17,347 $14.77.1,305
Op. cxp's (o.x. of tax.).
437,086
755,407
383,759
8,320,660
Net earnings
A. T. .&
account uf
'
$618,130
8. F. gross earnings
(mhiI balances.
703,171
.
,
728,5^8
6.440,644
DeceiuUer, 1S82. luoluded 9312,323
on
milking T7'20 miles in all.
Central Hassachasetts. This company gives notice that
The company has !J377,400 common stock, $880,6,50 preferred
stock, an<l a fuiiilfHl debt of $490,000 first mortgage ses-en jier the ])referred stfx^k will be rea<ly for delivery at the office of
the
New England Trust Company on and after March 3 in
cent iKinds. .jUilT.iHH) second mortgage six |>er cent bonds,
$325,000 consoliilated 6 pet cent bonds and $107,000 real estate exchange for receipts for bonds given by said tmst company.
Tlie railroiul compjuiy invites preferred stix-kholders who wisii
tionds an<l mortgages.
la 1883, 848,442 passengers and 157,059 tons of freight were to take any of the new bonds to be olleretl by the company to
carrietl.
The passt'uger TnisinesH between Phihulelphia and send names and amounts to the President. Tlie bonds referred
Atlantic City is now ptMiled with the West Jersey road, Iwth to are those to be issued for the completion of the road.
compiuiies l)eing controlled by the Pennsylvania Kailroail C<.>.
Cleveland Coliiuibn^ Cincinnati & Indianauoiis. At
The earnings and expenses were as follows:
the annual meeting, held in Cleveland, March 5, the
1883
188--',
re|K)rt
of the board of directors for the year 1883 sluiwod
Pasaongcrs
$307,930
$381,232
t>olght
144,995
107,088 the total eartiin>;;s of the road to have Iteen $4,342,(i<)4,
Mail, etc
;...i
45,946
01,180 expenses $3,077,870, leiix-ing the net earnings for the year
$664,733. The amount of tonnage transporte«l and the revenue
„ Total
$.558,871
$550,406
Expenses
392,067
300,084 derived therefrom fell short of the results in former years.
The result of such rate-cutting was a disregard of taritf hy all
Ketoanilngs
$160,804
$190,322 roads. The bonded debt of the comiwny has been increased
The earnings of the ferries are included above; also tluwe $930,000 during the year. The increase is the result of expenof the horse cars at Atlantic City.
l!;xi>en8ea were increase*! ditures made in improving the road generally, and especially
by renewals and improvements of" road made during the year. for equipments for the new branches, the Indianapolis & St.
The income account wan as follows;
Louis and the Cincinnati & Springfield railroads.
new
—
—
A
.
!
THE CHRONICLE.
294
mortgage has been prepared amounting to
which will cover the amount of all outstanding mortgages and leave
about $4,500,000 as a
feneral
12,000,000,
provision for the future requirements of the road.
None of
the Vanderbilts were present at the meeting, then- votes
and proxies being cast by President Devereux, who voted
90,000 shares. Samuel Barton cast a large block of stock. E.
I. Baldwin cast the 34,000 votes for the English trust fund, as
he did last year.
Clereland Yonngstown & Pittsburgr.— At Steubenville, O.,
4, Judge Hance appointed Roliert Martin of that city
receiver of the Cleveland YoungstowTi & Pittsbiu-g Railroad,
March
on
application of Carnegie Brothers of Pittsburg, R. P. Diclvinson of New York, and a number of sub-contractors. The
road has been finished from Nebo, Jefferson County, to
Plialanx, Trumbull County, on tlie Mahoning branch of the
New York Pennsylvania & Oliio Railroad, a distance of about
100 mUes.
Colorado Coal & Iron Company.—In reply to the circular
of Mr. \V. J. Palmer, the Executive Committee of the Denve;Rio Grande Railway issued the following address
Denver a Rio Grande Raii.w.w Company, )
47 William Street. New. York, March 3, 1884. J
Directors
Board
To the
of
of the Colorado Coal <t Iron Company.
Gentlemen: The very voliuniuons aud labored comunmication of
signed
your
February 14
by
iirc.sideat, William J. Palinor, has been rjecived, and as it was so general \a its tonus we have delayed answering
until we eould ascertain the facts in the case, to which we now beg to
call your atteutio.i. Regarding the thri-e contracts, extracts from which
are (luoied. it strikes us as rather singular that they were not printed as
a wliole in order that your stockholders aud the publio mig'it Judge of
what benellts or advautages accrued to each of the parties under tiiem.
In this connection we beg to state that so far (and our iuvestigatioiis
have been most thorough in this particular) we fail to Jlud a siugle
instance wherein thi'i eoinpany has violat«l the terms of Its contract;
on the contrary, your company has reaped the full beneflt provided for
therein and inuumei'able other advantages. Regarding the of t-referred-
&
:
to letter of January 7, the facts arc as follows The president of this
company duriug his iuvestigations found thit very large drawbacks
werebemg paid and other concossions granted to your company on
every branch of business conducted over its railway, some of which
he considered very unjust. As an example, you were allowed in the
mouth of January (on December vouchers) drawbacks amounting to
$5,029 49 on freight bills aggregatini? $5,982 03. You will readily
understand our president did not desire to transport any more of these
supplies at such rat js hence his verbal instructions to the general
manager to discontinue these siieclal rebates for the time, aud until we
:
;
could have a conference with your reprejent.itive, which we have
asked for without results. No allusion was made in the order to the
coal or coke business, alihough the agents of your company made an
attempt to distort its verbiage so as to cover every class of bueines?,
and so notified pomo of the largest customsrs of this road, with the
hope, as we believe, of prejudicing them against our company but the
expliinatious that these misrepresentations called forth served to cor;
rect
!
any wrong impressions.
has always been the intention of
this company to adhere to tbe
It
terms of these contracts, so far as they legally could, aud such will be
the policy of the present management. The statement that there has
been no complaint from other shippers Is untrue, as our executive
offlccrs have had innumerable charges of the favoritism extended
toward your company, and it is a well-known fact that this feeling ha.s
worked much injury to our interest.
The statement that because General Palmer was the president of
these various companies at the time the contracts were executed, therefore they are to be disreg.irded, is without the slightest fouudatiou,
since we are infoimed that General Palmer's holdings in your co.npauy
are infinitesimal, and therefore wc cannot believe that his iuHuenee,
should he desire to exert it to our disadvantage, would be regarded.
The last part of your pamphlet, embraciug copy of letter from a C:alifomla house, stating wlul nught hav! been done, is too far-fetched for
our consideration. Wc agree with you ihat the interest of both our
companies could best be served by harmonious action, and the practicing of a spirit of ettuity on both sides which it has been our disposition to cultivate, aud all wc have desired to exact from your company.
In thi^, wc feel assured we have the support of the entire diainteiostcd
public in the State through wh'ch we operate.
lu conclusion, wc can but believe, if the same energy had been displayed on the part of your ottiuers iu looking after the management of
your company in the way of economies, &c., that has been exercised in
trying to destroy the value of the very interest upon which you so much
depend, that the results of your company would have been more satisfactory to its real owners.
By order of the Executive Committee,
;
Adolph Enqleb,
Vice-President.
In reply to the foregoing, the officers of the Coal
Company have addressed the following communication
& Iron
:
Office Colorado Coal & Iron CoMi'ANy,
47 William Sr., New York. March 6, 1881. )
A. Enoi.er, Esq., Yiee-Presidenl Denvcnt Rio Grande R'way Co.:
Sir Your letter of the 3d instant to tlic Board of Directors of this company is at hand. You sa.v (1) tha* you have delayed answering our commujiication until you could ascertain the facts; (.;ltliat it is siiigul;ir
that wc did not print as a whole the contracts which exist between the
two companies; (3) that you fail to And a single Instance in which your
company has violated the terms of its conlra<-t; (4) that your president,
considering some of the drawbacks paid to this company as very unjust,
and, "not desiring to traiispiu'tany more of these supplies at such rates,"
fave verbal in.^ti'uetions to discontinue these 8i)ecial rebates for the
ime; that, as nn exanipl", drawbacKs amouuting to $5,<'2!t were
allowed to our company on December freight bills aggregating $5,982; (5) that a conference with our representative was asked lor without
reiiilts; (6) that it has always been the intention of your company to
adhere to the terms of these contracts 80 far as they le^jally could, aud
that such will be the policy of the ja'csent management.
You conclude with some general reflections, interesting enough, but
pertaiidng to matti is with which, as you have not yet been placed iu
charge of the Colorado Coal Company, may be considered prcma'.urc.
Respecting what wc may callthe serious points of your conununicatlon, wc beg to say—
1. Your investigation of the facts cannot have gone far enough if it
:
diduot reveal to yon what *e now offer for j;our further information.
2. The contracts between the two companies have kmg been printed
in pamphlet form, are lu the possession of both pirties, aud accossibl to
all Inquireis. It was only necessary to quote those parts which were
violated. There never has been any pretense th;»t the Coal Company
has notfulfllled its part oi the agreements. In an appeal to your Board
to fulHU the obligations .issunied by your Company, for consideration
alr,;ady received, It was not necessary to re-print the contracts, for the
information of the public, which was not 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 yoursilvo.s
in control of our Coinpan;.- that it became afterwards necessary to lay
the case before our stockholders.
rvoL.
xxxviu.
Had you really considered that wo eupprcssed some material nroyision of the contract, would you not have been swift to call
attention to
and to have printed the omitted clause with the letter which von
delivered to the newBiiapcrs quite as soon aa to us 1
3. As au instance of violatiui of contract, we again call your
att^uUon
to the fact that lu the agreement ujion the faith of which our works
were
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 aud agricultural lands of
the
Colorado Coal & Iron Company, and all materiiils used in the cons'ructlon, maiiif<',iiaiiee and operation of said works, mines, and other
Industruil establishments, and the structures or prdperlies thereto
appcrtaiuingat rates never to exceed the best rates per mile given to anv other
company, association or individual."
That, notwithstanding this tuunistakable obligation, your eomiianv
since the order of your I'lcsideut of Jan 7, has been transport mg naiis
inaile at wo;ks east of Colorado from Pueblo (or Denver) to Cjdeii (or
.Salt
Lake) for 11 cents per keg, while the nails of this c mpany were chareed
$ i 48 per keg freight for the same haul.
It is not irno that the contract thus violated refers to local business
alone, as has been suggestf d iu possible cxtcniiatiiin. Neiiher its tiTins
nor its uniform co.istiuction hillierto, nor the reason of things underlylug It, justify such a construction. 'J he capital of the Colorado Coal
&
Iron Company was Invested In manufactures on the lino of your road
on the distinct pledge that it should not be saerilled to the exigom-ies or
vicissitudes of railroad management. There could be nof. ar of your
charging us higher rates tlian other similar compaires in Colorado. The
ladway would have uiither any liuluccmeut or lo-.vcr to do so It was
competition from the eastward thit was to be guarded against. Hal
Wo located the works at the Misso.iri River or cast thereof, wc
would of uocessity have be. n sure of always enjoying as good rates as
otiicrs. It was only because we tru.sted our capital and property to a
loention on ywr line that any contract became neeossarv. Tiio
actual facts ot our tonnage, no less than the recitals of the contract, show
the Inducem.^nts which infliieiiced the railroad company to make this
solemn pic Ige. If it is to lie suspended c\ery time a war between
railroads leads you to offer to carry cast -rn freights for less
than cost, there woidd bj no basis for luvestmcut whatever.
It Is precisely when for temporary reasoas yon reduce freights to eastern
shippirs that our local manufacturer needs the proteetioh given by the
contract. While from the latter, at least, you would get the income from
the hauling of raw materials aud nil the other ineilcntal ndvant.igos of
It
securing and eneouraging 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 constnio both
sides of these contracts.
4. You say that $3,029 drawb.ic.ks were allowed us on December
freight bills of $3,982. Did you fail to disover iu your search after
facts that during that month of December wc paid you for our own
shipments, from and to ourselves, $29,831, and that you rec iveU
bcsilcs fi-oin om- commercial shipments $110,619, making in .ill
$140,45D, which was more than 31 per cent of your total freight
biisiucss. Was your president unable to ham, before Issuing au order to
destroy uurbusiuess, the reason of the special rebates of .*.j,0 J!), on certain
bills aggri'gating $3,982 in thatmonth, from hisg.uierai iiionaAer or general freight agent, or auiUtor, or other oltlcers. who were under the same
roof with him, and who had approved these bills I Has he failed to inform you that they were made merclii to cimform our rules to the then
ejcisUng marh-el rale given to every oihev slii])pcr of like products over
the same section of your railway— to put us simply on a par with other
mnnufacturer.s f.tr whom you were carrying the' same commodities to
the same markets ? That any other manufacturer of nails, A-e, could
have the same amountof goods caiTled in D.cember, between I'uebloand
Utah, over your line for $934. That having for your own con venienco
pi-cteuded to charge us iu account for the fame thing $3,982, it was iicccs
sary. In order to keep yoiu' contract with us (which In December you
were still honoring), that you should credit us back a " rebate " or
" drawback " of $5,0.'9. Is It any eUarer now !
On January 7, however, your president, "not desirmg to triiusport (for
the Colorado Coal ('ompany) any more of thes.' supplies at suih rates,"
directs that this comiiany becha'ged "until further notice," fourteen
times as niiu-h per m;le as other shippers.
Maiiul'aetureis to the east of us who had not trusted to yo.ir contract
promise, availed thcnisilves of ihis cut rate to impair and destroy the
rapidly growing
irkets in Ut ih and tha Far West, which this Company, your best eii-tomer, had Just built up. You did uot refuse a
pound of freight at thosj same rates to (/leiii— the refiLsal was to us
alone, with whom you had contracts. You had none elsewhere. It
was the very emergency forjwhich the coatract w.is Intended. No
contract was needed to induce you to haul at high rates
In short, the llgiires you quote show the exact measure of the
extent to which your contract would have been violated In December had you failid to credit us with $5,029 drawbacks, and the nuasure
of actual violation af,er your o;dcr of January 7, on the same classes of
product to the same extent of traBlc reckoned at "regular trallie rates"
m
(Viz.,
$5,982).
5. While our representative iu Colorado has not declined, he has very
properly not been eager to go into a conference with your president ou
the avowed business of reguliting the prices of <iur products at our
own works and mines—not for your consumption, but for commercial
markets.
Neither has he ever been authorized to moilify or discuss the subject of
e-adjiistment
6.
<»•
violation of these contracts.
Your pr
proclamation of good Intentions was to be expected, AVe cerwould not expect you to proclaim bad Intentions, and at the same
tahily
time ask our stor-kiiol lers to cntr.ist their proxies with you, Yoar
present acts exclude the Colorado Coal & Iron Company from the markets of Utah, Nevada and Californl i, while you open those markets to all
Its competitors; and yet your president fays he has "done notliiiig
hostile." In truth, his wholi course and announced policy since
reaching Colorado, culminating at last in this onler of Jan. 7, has
been lu the direction, not of building up new business, but of tearing
down all that )iis predecessors had done, with the result thus far of
setting by the cars the St veral companies ass jciated In the development
of that country. The violation of which we complain was not a temporary oversight. For weeks there has been no war of freight rates.
Peace prevails, and yet that or.ler stands unrevoked, aud we are now
being charged "regular tJiriff rates," $; 48 p.r keg, while the nails of
other makers are carried at 95 cents.
We also desire you to state explicitly, for the information of our
stockholders, tlie understandings or promises under which a branch
line of several miles is being extended to the coal lands of a rival
concern In the canyon field Whether a regard for "public policy"
has moved you (without waiting to be so compelled by the AttorneyGeneral) to hold out assurauics to these rivals that you will disregard
another impoi t lut obligation of ymir contracts with us.
The policy of your present in.anagement is to construe the oontraots
In such a way that the acts of which we complain will not he conHiered
violations: or, to use the languago of your president. It is to seek "aa
equitable re-atljustment" of these contracts and the business relations,
between the two companies. For this purpose, doubtless, you 8t«
endeavoring to obtain the control of this company, so that you can
modify, abrogate, or construe, at yo ir oonvenionce. Whether you
succeed in this enterprise will depend upon the extent 1 which you
may bo able to impress our stooklioldors. However that may be, we
certainly cannot be charged with misr.'pivsi-ntlng your letter, if we
say in a word that the sole excuse you oiler for violating our contract
In January, is that it cost you something to keep 'it lln Weccmfter. We
think our stockhoiders m ly require some stro.ig.^r juatiflcalion
By orlor of the Executive Committee,
C. W, DeaivE,
1
.
Assist int Secretary.
.
MAHcn
8,
18?4
THE CHRONICLE
]
CoIiiiiiImis Hockliiff Viillpy
'xliihit
ami
of receipts
& Tdlwlo.—Tho
o\|)cii!io8 in
two ywirs
following
in
an
1863.
2.270.71;!
iM.oini
*2.T70.3S2
*J,«S!,137
.
M
M
1'
-Iriiclur.'d ..
:
'
H niiit
lUl.OJU
nif.m
.
can
Vt.'v.'i.tmr)
l?l7,>,7.^3
:u.t.:(77
a52,'.'37
TOU.'JDil
.
Tl,.
•viKusca (!axej luoluded>.
7117,770
JO ..«:rj
101.020
91,fl55,.'>00
Not rcvtniip
For
Net
$1,752,731
»1, 133,703
60 72 p. c.
•1,123.812
SO-OOp. c.
lUtloori>x|>oiiiiu torarulDga
the tucoroo account -was briefly as follows
188;s
,
on liand
•••.
,
l^ili,
1...
152,897
471
102,010
110,42.1
4M42
ftie
miwi
Total
•700,799
Bridge & Tunnel Kallroad.— The Wabart
SI. Loiils
.t1°
u ?!.' ""'"!i
thiii bridge
*°'.*.
and
ai
AII8TBACT or tRCOMC ACCOPNT rOB 1883.
QroM) cnriiiii^
lifM oxpcnaen
,
..$1,413,617
.'.'.'.'.'.'.'.'.'.'.'.'.'.'..'.
549,107
I'imia Add revenue on
'.'.'.'.'.'.'.'.
'
pool wltU ferry conipanlca
**2R,'l
1,269
37i<i03
Totnl net
$1.1(51. .nos
$966.0flO
3.^,72 5
!(!bt..
.
Co..
32.G28- 024,413
Surplti"
~$237y6o2
Denver & Rio Grande.—The following stjitement for tho
month of Jiuiuary luis been issued, showing the receipts of
tliiH m,-!,! !ui(l
its leiiseil lines:
Cut rates to Utah points
pr.\;iiU.il nearly the whole month in
1884, and snow blocka<les interfered seriously
with business
1881.
Not
First mortKase, $5,000.6o6 at'7 po'r'rc'iit.'.'
First pieforroil stoik, S percent, on *2,t90,ob6'.'."'
funnel
<i
$72,224
$46,383
$118,603
350,000
124,100
percent.on $1,250,000
Constnu'tlou iuulc(|ulpmont
7 BBS
ri'oai
l'753
...
Liabilities prior to lease
Surplus for
tlie
year
Shenandoah Valley .—This company's statement
IS
771,717
$121,062
.
as follows
Netordettclt
for Janu-
1894.
1883.
$56,138
50,028
$11,360
57,366
Net.¥6,110
Def.$;6,006
Expenses
415,066
earuiiij^s
itlvldeiiil.
g
$150,227
Corporal.- cxpiimps" in"~'.'.~~.T'"""'"^''
ga™l"K*
S487 201
IK'oreaae In 1384
$892,770
Dediii't —
'^'•""'•'
R^ntaU
ary
:
Actaal Rro«8 oaralotcj
Oi>cralloK expf U8C8
8/.
"'""ou'' P«o'flo ral roads are the lessees ot
railroad.
:
oumlii).'*
Ponierof AMIdOleiiortdoufltloDaocount
329,000
1,200
riillH
Arnanicoa
(.'mill
VW
•
riitiT(*«i
P.iv
1884.
Nor. 17, 1876 .... mion aai
•••(••••a,,.. ^ '• Vf
to
Coupon acouiiut
1883.
$141. 7on
2.130,177
ia."24
IP0.470
.
,
-nil
Ill iii'in'cllnncoa^
oiuimiKMiim.
Vouchors iihMMiiient
1883,
i-l|it.i
296
ffutt:
I<(COMI ACCOOTT.
J,"'"
":
:
.
Southern Kansas.— The earnings and expenses for DecemIlUnols Midland— At Springfield, March 4, Justice Harlan ber, and for the year, in 1883 and 1883, liave been as foUowa
lih'<l with the clerk of the United
Statw Circuit Court an
Month of Dee'r.Tear.
opinion on niattere submitted to him at Chicago and Boston in
1883.
1882.
1833.
1882.
connection with tho Midland railway foreclosure case
The Miles of road operated..
398
393
398
393
—
oninion sustains the validity of the four different mortgagesalso that of the large amount in receiver's certificates.
Last
year the case was referred to a master, to take testimony and
report the cliaracterj and amount of the receiver's indebtedHe found that all the certificates issued, except to tlie
amount of about |1(X),(M)0, were valid, and tliat a large amount
of the other indebtetlness incurred by the receiver
wbs due
and was a charge upon the oroperty also, that Receiver
(Tenio was entitled to an honorable discharge.
Justice Harlan's
opinion confirms this report. No decree of sale
has lieen
entere<l in the case as yet, and proljably will
not be before the
June term of the Court.
;
•
Qroes earnings
$J06,922
Op. exp's (ox. of taxesK 90,Oli)
Net earnings
$116,905
$128,551
79,937
$1,792,092
801,754
$1,336,704
635,774
$i8.613
$937,338
$700,829
Tennessee State Debt.— The funding of the State debt at
53, under a law passed at the last session of the Legislature,
is
progressing slowly. Up to the present time the
board has
funded bonds of all series aggregating |3,.'500,000. Most
of
the bondholders seem to prefer waiting, in the hope
of obtain-
mg a
better settlement.
,oT.f'^***'*"*'fi*^-,-Tlie
foUowing statements
the year
Lake Shore & Michigan Southern.— The quarterly .state- mm were presented at the annual meeting in New York
this
ment of thi.s cnipaiiv. ni.-ide to the New York State Railroad week
Commissioners, for the tliree months endetl Dec. 31, isas, makes
The earnings for the year were as follows, compared
with
the followmg exhibit compared with the same cjuarter
1882
in 1882
for
:
•
lJro-« receipt*!
OiKTatlng cxt>ense8 and
„,*•««
taxei.'
en™"'K» ••
Fixed eUarges
Balane
1882.
$5,425,477
2,914,271
$1,793,881
2,688,283
$2,511,2.0
$2,12.->..183
700,0.10
014.13.1
$1,751,1.16
Quarter's dividend, 2 per
cent....'..'.";'.'.'.'
Surplus for tho qunrtcr
1883.
'obolsao
$1,211,153
980,330
$761 826
$221,823
Earnings..
Expenses
Netearulngs
The income account
Doflcit for the
cinilugs
ffi"51 841
OiwratlnKcxpenses.e'iclHdlngnllt'lxOTfSO-JSporcetiV).'.'^''' 444.'497
.$107,344
.
all
sources
no?
392 791
£i Aa.a
$173 604
Dr.
$32,161,900
Funded debt
Sundry accounts
Accrued Int. not due ...
44,01 (i.791
31.231
651 ,225
I^ISS
6 752
Total dlsbursementa
$1,343,202
:
.".'.".'.'.'.'.'.'.".'!.".'.'.'.""..'.".
$12 710
?Sut2..\v;;;:;.v:;;;;:v;;.v.:::::::::::::::::'--'"'"---"^
Interest and discount
!.. !!'.'.!!"."!"
$1,648,007
thus stated
year
Capljal stock
.14,874
«n?9 9ia
(ntcreston funded debt
is
The funded debt was increased |3,30l,000 during the
year
The stock was increased f 16,700.
The general account is as follows:
OroM
.''
$5,019,732
4,576,440
Fix2?'^.i;^r!'':'!.;;v.;:-"-;-"-"-:";:::::;:::";:;^i^
:
Orosslncamc from
for 1883
Net carnlnRS, aa above
Income from otbor soiu-oeg
Lonjr Island Railroad.— Thestatementoftheearnings &c
quarter ending Dec. 31, 1883, made to the New York
State Rjiilroad Commissioners, is as follows
Not caruini;4 from operation
1833.
5,307,64J
.
l..r tlu"
Income from otbcr sources
18-3.
.$7,1)4 •).652
Total....
S200 721
Constr'iionand
e<|iiip.. $30,469,865
Int. i<criii.l879to
HS3.
Tennlnal prop, at N. O.
Cash and accounts
Invest in stocks Sc bds.
Sinking fund flratmort.
Advance* to ocents
Income account
.$76,861,147
4.110.411
1,950,000
627,381
7,546,250
9J,20a
24,008
3,040,137
$76,864,117
^^"^
$73',503
The receipts from the Land Department (not included above)
New York & New England,— Hartford, Maich 7.—The de- were |634,.'59.i, the land sales and collections liaving been the
*"'®'' ™*^*' ^^ ^^^ company.
cisum (if Ju.lge Shij.man in the matter of the receiversliip
The total sales wei«
of iJ^Zi
162,893 acres.
theNew-iork&New England RaUroad, read this aftemwn,
'.".".'.'.'.'.".'.".'.'.'."...;!
reviowi-<l
ing at the
m
The completion of the Atchafakya bridge in December last
has already resulted in a reduction in the operating
expenses
and, It 18 stated, will add materially to the gross and net
earnings during tho current year.
the circum.stances precedent to, and existtho application for a receivership, and held
that they ju.stifitnl the ai.ix)iiitinent of a receiver.
The motion
to (iussolve the receivership was denied.
detail
time
of,
Union Paclflc— At the annual meeting held in Boston.
March o, the by-laws were changed so as to have annual meeting come the fourth Wednewlay of March hereafter. The
topowing directors were elected Sidney Dillon, New^ York
Ebshn Atkins, F. Gordon Dexter, Frederick S. Ani€«. Charies
18S4.
Francis Adams, Jr., Ezra H. Baker, Boston S. H.
H. Clark.
$241,222
386,188 Omaha ;OrenvUlo M. Dodge, Council Bluffs; David Dows,
8,310 Jay Gould, Andrew H. Green, Russell Sage, New York John
39,795 Sharp Salt Lake City Hugh Riddle,
Chicago James A. RumG73
';'*'•
'"1' '""° "anied in place of Augustus
24,211
•«,.<i.
S,'.;'"'".'^„
Vi"
Schell
and Solon Humphries. The usual diridend of iV per
$700,790 0$ t for the quarter was declared.
<>'•'•& I's^'fslppi.-John M. Douglas, Receiver of
the O.
M. Railroad, has filed with the United States
Court his report for tlie month of January, 1884. It is as
follows
J.
A;
•
:
^ ^
Carli
18?3.
on band Jan. 1
ion ngonls
.'.'.'.'.'.".;.'.'.
^-.••--•-.........,.,.,,.,
-. railroad companies, Ac..'."'.'.'."
press companies
General Post-otllce IJtpartmcnt. ..'.'.".".;. ..'..
i..\
^**"''
—
«2^8 148
432,874
P SAA
56 ',120
nil
25.031
$813,207
;
:
:
_
'
;
—
;
THE CHRONICLE.
296
[Vol.
xxxviil
THIRTYSETENTH ANNUAL REPORT OF THE PENNSYLVANIA RAILROAD COMPANY.
Office of the
PENNSYLVANIA RAILROAD COMPANY,
ANY,
Philadelphia, March
1,
t
1884.
To the Shareholders of the Pennsylvania Railroad Company
The Board herewith submit their report for the year 1883, with such data relating to the lines controlled by your company as will give you a clear understanding of their physical and financial condition.
The statements immediately following show the results on the three Divisions operated by the company east of Pittsburg
and Erie, viz.:
:
First
—Tlie Pennsylvania Railroad Division
Second
Tliird
—The United Railroads of
New
Jersey Division, including the Delaware
—The Philadelphia & Erie Railroad Division
& Raritan Canal
;
and
;
Being an aggregate of 2,036 miles of railroad and 66 miles of canal.
GENERAL INCOME ACCOUNT FOR THE YEAR ENDING DECE3IBER
YEAR 1883.
31, 1883,
AND COMPARISON WITH THE
NO. 1, PENNSYLVANIA RAILROAD DIVISION.
MAIN LISK AND BBANCIIES, riTTSBCKO TO PHILADELPHIA.
1893.
1S83.
Eabnings— Prom
MiscolIancouH freights
First-class pas.seiiKerM...
Enilgrau t iiasseugcrs
,
Adams Express
Unlled States mails..
Miscellauoous passengers
1882.
45
70
02
33
4e5,2<j.") ee
484,3.=)2 68
125.797 67
174.58178
$24,536,789
241.400
5,812,5o4
177.041
general freights.
Cnrr,yin(,'
,
Rents
$23,517,177
215.409
5,567,561
271,016
462,361
506,921
123,877
172,637
$32,017,813 29
Total earnings.
Exi'KNSEB— For conducting tranbportation.
Motive power
Maintenance of cars
Maintenance of way
$6,078,110
5,237,379
2,741.772
3.660,191
,
General exiieusca
603,(i.59
25
04
20
32
07
47
$93,974 71
3,904 40
22,568 61
1,920 60
1,914 31
$1,1^0,85106
$6,217,21131
$139,100 Hi
5,103,214-44
2,388,080 62
3,564,356 .39
545,913 93
78
353,691 89
96,135 08
57,745 96
.1-74.164
18,321,413 56
$17,878,776 69
8142.636 87
$13,696,399 73
.$738,214 19
280,141 17
$12,958.185 54
3,510,502 24
273,'2'25 66
84. 177 30
193,282 55
36,988 07
58,897 23
123,635 66
55,580 07
69,646 89
$16,931,494 40
$1,441,835 12
Net earnings from operating Main Line and Branches
l,113.0.-)8
Decrease.
$1,019,611 51
25,990 76
245,022 77
$30,836,962 23
47
22
51
47
89
Total expenses.
Add interest from Invest inents (in easlj)
Add interest from branch roads for use of e<|uipment
Add royalty from Mineral Railivnd &, Mining Co. on
Increase.
94
91
77
002,496 53
12,915 51
coal
$13,323 11
mined
Less amount deducted for dopnclalion in value
of coal lands
Add prollts from sundry accounts
Add Emiilre Line net earnings
13,323 11
$36,988 07
4,676,959 79
Totals
$18,373,359 52
.
Dedl'ct Paymkntk— Rentals paid branch loads
Interest on eiinipment eliarged branch rouds
Kent ll.arilsbing <fe Lancaster Railroad
Interest on boiiiie I debt
Interest paid State of Pennsylvania on account of purchase of nia in lino
Interest ear i rusts
::i
Interei-t morij-'ages and ground rents
Interest ceneral i;i'ponnt
Interest Pennsylvania Company for lusnrauccs on Liyes,
Ac., Ktucli (rust ecu iflcatcs
Premium, eseliange, commissions, &c
State tax ou rilvldeuds
$1,602,449
85.4S9
123.917
3,248,803
72
30
42
60
leO.OOi
341,413
103.415
8,042
94
23
91
74
NEW
JKIiSEY KAILSOAD &
Mi.sccllaneous freights
First-class passeu^jers
igrant passengers
lOxpviss
Carrying United Btatoa maiU.
1833.
..
Delaware & Rariitui Canal
60
ExPES.SKS— C(uiauctiug transportation.
Motive power
Maintenance of cars
Mainteuauco of way
General expenses
Canal expenses
22
37
56
.
Total net eariungs.
Total payments
This increase
is
311,649 96
$4,463,332 35
$4,309,290 51
15,185
£.7
10,220 36
5,164 83
5,362 40
73
66
74
34
11,387 15
$122,806
281,337
108,757
114,735
$3,205 57
t
$i35,819 05
$89,318 50
64,723 34
1
$151,041 84
I
Jci-sey Railroad
$4,834,640 03
I
5,409 06
43.409 13
48,818 19
5,117,247 34
$4,878,049 10
$653,914 99
$568,758 65
*$233,789 12
|
$239,198 18
&
$85,156 34
maiuly duo to tlie discount upon the four per cent bonds for $1,821,000, issued under tlic general mortgage of tlio UaitCfl
Comi>auy, to take the pliKO of six per cent bouds that hid matiu-od— which discount Is charged in the item <»
New Jersey Railroad & Canal
payments.
New
$10,109,094 21^
$4,062,363 89
246,926 62
^5,003,429 15
of Interest on cciuipmeut used liy
Belvidere Delaware Railroad Company aud Freehold &
Jamesburg Agricultural Railroad Company
Co.'s property
$725,137 55
$7,417 15
306,167 80
in-
Payments on account
under the lease of United
$14,231,458 10
2,330,090 98
513.4»3 38
1,021,565 88
92.101 22
294.780 13
4,151,683 39
of dividends,
17,808 58
$5,310,4.53 62
12
10,801,913 26
Deduct payments— Payments on account
terest, &c
324,420 .'>2
188,311 44
70,805 21
553,417 70
64
2,018,034
622.251
l,73f,30I
103 491
291,574
Total expenses.
(In cash)
$434,182 11
$5,4.33,200 35
Net earnings from operating
•
1
Decrease.
Increase.
OS
56
82
17
fc7,052
$14,950,595 65
Total earnings.
,VSU FLEHI.VUTON UU.VNCII.
$7,549,902
293,215
5,184,212
10
88
04
21
$1,174,868 09
1882.
i85.7l)8 41
5,490,381) 62
51.860
312,2jy
178,090
76,030
543,055
Ji266,9:6 43
63 03
$7,984,1 1179
..
Miscellaneous passengers
investments
93137^
NO. 2, NEW JERSEY DIVISION.
CANAL COMPANV, ISCLLDIXO nBLVV>EBE DELAW.VKE BAIUIUAO
Km
loss
17,440 00
779 53
31,<M<i 75
$11,913,431 72
1883.
Canal
644 62
736 12
6,429,927 80
Eauni.nus— From general freights
Net
14,451 20
21,900 87
1 ,358 45
376,5;i2 49
Totals
Add interest from
$7,000 00
49,916 40
379,3SO0O
Net Income I'euusylvauia Railroad Division.
UNITED
$190,559 72
12,055 10
^
——
—
MAnrii
THE
inei]
8,
.
(CHRONICLE.
GENERAL INCOME ACCOUNT FOR TOE YEAR ENDINO DECEMBER
^TI.NUED.)
YEAR
2«7
81,
1888,
AND COMPARISON WITU TUK
I
NO.
3.
rillLADMl
UK. UIVI8IOX.
ill:
.
I'UIUihKl.rUlA
M UIU RAIUIOAD.
1883.
1893.
IIa»VTW<h» -I.>.«?«
iFixii.f-iil
frwlghtj
-
-
-
.
1882.
$y,.213,B72 08
fB,i:iH
Dterttu*.
tnertiue.
1.-..-.
$109,110 80
(i!i
$6,172 (r7
.'110
..,.,.. ..•......•..••.....
j,
'(iitcH
\
iuaUh. •>•••>>•> .••••••••--•.••.
72
.1
9.">7
13
47,»m>ai
i27.4ll 1 35
3,078
aa
,--
34 03
i:i .-.III ^r,
«4.108,813 16
Total panilufpi
.1
3J
>,l
flH
..,..0186
w*y
Matnt4-itiinco of
..
Zui'.nim
.•...
Wet
eaniliiipi
_$7,5nii.331
2,620,823 62
Totul exi)ciiiK»
from oiwnitlnn
&
Phtladclplilii
$162,381 13
•
1
>.,'l (»7
$1,411,879 74
160,410 85
91,4^8,019 04
Eric RaUioo<l
AiiKuiiit (•xiioniltHl for extriutitltiiarv exiKJiiso*
$64,598 7»
#7
.55
10,000 00
lt>i<X) J
.
f 1,315,738 42
Net onriilnjrK n|>pllontile to pay lii(oro«t. Ac
Deduct niiiouiit pultl PliUiuleli>l>la A Eiio KR. Co. aa rental ...
00
17^,'.8112
$6-1.270 23
$1,251,468 10
1,251,468 19
1,315,738 42
64,270 23
8UMUARY.
Net lufonie Peniisylvimlo Rnlli-o.i<l Division, asiitaowiiln Statement No.
Net lo«8 New Jcrsoy Dhlsloii, as shown In Statement No. 2
Balance niter (leductlng losa on
The
Now Jersey
details of the foregoing accounts
resnita of the
working of each road
(I. t..iM
;i,
I
Dlrlalen
appear in Statements
A and B, attached
includetl in the tlireo Divisions east of Pittsburg
From this balance of Income for the year
TIio foUowinif nniuuiita have been deducted
Payiuoiit to fiiiiil f(ir thci imrchaso of securities
in-jt.a
'.
1
to thia report,
and
i:
$11,S89,510
7S
Erie.
$11,289,516 73-
guaranteed by the PemisylvauU Railroad Company, under Trust
1878
'.
Lihoail Coniiiiuiy'8
.
7»
0*
which give separately th»
Consolidated Mortgago boildH rodcemid by sinking fund
AlU'K'ti'ii^ \\ili. \ i:.tilri ad < Oinpaiiy
liciiii.n. 1 111 II
(ill;.- int<iT,<t Kimrnnte<!<l by the Pomisylvania Railroad Conijiniiy
$251,519 40
Ailvui. il tu II. ;\ imml due .Statu of Peimsylvanla, gnaraiitocd by Pennsylvania Railroad Company..
lOO.OdO 00
And fur otliei- ailvuncea made
309,490 60
IVuiiss haiii.i
$11,943,431
653,914
$f 00,000
00
280,860
0&
.
.
661,010 00
Fredprl.'k
I'
"
I*
Pf nnavlvanla IJnc Railroad Company
Mngliitirost aa per contract with Pennsylvania Railroad Company
15,000 00
'
Aiii'
'
(.'ompaiiy—
i|Hn Its bonds guaranteed by the Poimsylvanla Railroad
And uniunuu.csniado
Company
$90,000 00
90,000 00—180,000
00—
Showing balance to credit of Income account after deducting therefrom all payments made during 1883, for which your company
was resiwii^ible, and that should be charged aealnsi lucomo account
Out of which was paid dlvUUnda of eight and one-half percent
,
Leaving amount transferred to credit of proflt and loss account for 1883
Deduct bahuiue in settlement of chtlms and old accounts aud aiuouuta charged
Total
amount
00
$0,052,646 73
7,530,649 75$2,021,096 98
603,45236.
off for depreciation
$1,418,544 82
12,191,639 41.
to credit of profit and loss for the year 1883
profit and loss December 31, 1882
Add amount to credit of
Balance to credit of profit and loss December 31, 1883
The above statement shows
1,736,870
:
$13,613,184
S
payment of a dividend of eight and one-iialf pe/ cent, amounting to
17,530,649 73, there remained a balance of |3,031*,996 9.S, from which was detlucted the sum of $603,452 36, properly chargeable
to profit and loss, leaving the net amount carried to the credit of that account for 1883, $1,418,544 63, .and making a total credi t
that, after the
af the close of the year of $13,613,184 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, esiiecially in view of
the fact thiit, owing to the depression in the manufacturing and mining interests of the country, the increased number of road b
competing for through traffic, and the constant tendency to lower rates, the gross revenues of the imijortant railway lines hav e
for some months past shown a decrease as compared with thesame period of last year, without a corresponding reduction in
expenses.
:
The
by the Board in 1882, of giving the shareholders the option of converting a portion of their dividends
and of making an additional allotment of shares at par, was continued during tlie past year, the actual dividend
being nearly ten per cent. Thw plan enables the Comi>any to make use of its current earnings for capital account instead of
permitting them to accumulate until the reguljir dividend [leriods, while the option before referred to enables the shareholdors
to acquire nilditional stock on favorable terms, and reimburses yotir treasury for the money temporarily used for construction
purposes. Your Board are satisfied that it would be to the best interests of the sliareholders to continue the practice of (Hiyin^
limited cash dividends, and such extra dividends convertible into stock, as the profits of the Company may from time to time
policy adopte<l
into stock,
warrant.
The securities of branch and auxiliary lines now owned by the Comijany amount at their par value to $125,403,519, and
are represented on the books at a cost of $95,831,715 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 fimded indebtedness. Thia fact sliouM be
especially gratifying to the shareholders, as the principal object sought to be attaine«l by the investment of tliis large sum of
money the proix-r protection of the interests of your Conii>any has not only lieen setrured, but the prudence of the investment further shown by its yielding an income more than sufficient at the present time to meet the interest on your direct
—
—
obligations.
The
Pennsylvania Railroad Division for the past year show a steady increase, both in gross and net revenues.
New Jersey Division there was a very fair increase in gross revenues, but the i)ercentage of
expenses Ls still high. The results from the dinx-t oiH>r.»tions of the line were about $90,000 better than for the preceding year,
the apparent increasetl 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 Pliiladelpliia & Erie Railroad Division continues to show an improvement, both in gross revenne and net results ; so
that the line, after providing for the interest on its funded indebtedness, had a balance of about $315,000 to appropriate to the
redemption of i>ast-due coupons owned by the Pennsylvania Railroad Company,
results of the
Upon
the United Railroads of
—
—
THE CHRONICLE.
298
To provide the
[Vol.
XXXVm.
additional facilities needed on your Main Line and the New Jersey Division, and to aid in the construction
lines necessary for the promotion and protection of your traffic, there was obtainec!-
of additional branch and auxiliary
portion of tlielv dlvidenas into stock, and from the sale
TlirougU allotments to the sliareholders aii<l the inivilpgo of eouvertiiig
of $3,000,000 of the collateral tru.-<t loan cf your Company, liprfinaftor referred to, the enni of
f 10.1 03,15 D 00
Of this amonnt there have been expended the following snms, the bahnicc reniaininj,' in your treasury, as shown in the general
ii
account—
PENNSYLVANIA RAILROAD & BRANanE.S—
For constnu'tion
For efHtipnient
For real estate
$7.'?5,53'i .55
1,645.377 31
:
273,9i).'j
Oa
$2,654,0
UNITED RAILROADS OF NEW JERSEY—
89
$329,220 51
For construction
For real estate
37,tjS3 *J*
.T.
305,90145
PHILADELPHI.V & TRENTON' RAILROADFor eon^trnction
For real estate
$213,410 40
5,i)94 95
-
221,41135
$3,212
The
followinsr anionnts
were aivanoeil
duriiig the year for
improvements and extomions on branch and auxiliary
lines operated
!6»
by
the Company
Cimneelins; Railway
River Froni Kallroad
$203,241 44
6.9;-.4 04
17,580 09
19 19
179,93S 41
523,458 47
'
.
North & West Branch Railway
Moshannoii it C'learticld Railroad
Tyrone &('le:irfield Railway
Western Pennsylvania liailroad
•
Ealil Easle Valley Railroad
fiouth Wept I*ennsylvania Railway
15,800(19
53.41 »! 53
205,139 92
2,131! 62
49,885 GO
Pittsburs Virginia it Charlepton Railwfl.v.
Lewislnnv; & Tyrone Railroad
Belvjdere I3elawar<' Raili-oad
Pomerov A Newfirk Raili'oad
Bedford it Rridgeiiort Railroad
Pliilailelpliia it Loiif.' Branch Railroad
Philadelpliia & Eric Railroad
1.207 75
15.802 78
7.5.59 S6
10,000 00
$1,292,139 78
Advances on account
Siis(|Uehannn
Uhl^'wnv
it
&<
of Construction of
learlleld
Cleailleld
new Branch and Auxiliary L'.iies
$34?,209
407.(20
615.142
11.2G7
Railroad
Railwav
11
37
23
90
2,552 09
3,300,702 40
riiilaaelphiariernnintown & Chest init Hill Railroad
Philadelphia it I.eliiirhVnllev Railroad
Pennsylvania it Martin's Creek jiailroad
Pennsvlviinia it Behm Ikill Valley Railroad
BcUefCinte Nittany dcLemout RaiUoad
2,941 72- 1,771,835 82
Total on brnnch .and auNiliary lines
these advances there has beeu received from the aljovc companies iu cash.
.
On accoimt of
Ivcavicg the balance advanced in cash f^r coustruction of branch and auxiliary luics by the Penus.vlvauia RE. Co.
5,107,241 IG
Total amoimt expended on cajiltal account lu 1883
On
$6,003,075 60
950,734 41
$,8v349,163 85
account of the above advances to branch and auxiliary lines there have been received In securities of those companies, $4,997,309 84.
purchased, and, after being canceled, were delivered to the trustees
under the stipulations of the said mortgiige; this reduction appears iu
the Treasurer's (Jeneral Account. The amount of bonds so ptirchascd to
date is $1,489,610 at their par value.
There are now in the sinking fund, for the redemption of the obligations of the various companies f(n-niing the United Now Jersey Railroad
& Canal Company, securities of the i«ir value of $2,140,800. There is
a'so a cash balance, uninvested by the Tnistecs, of .$148 74, making an
aggregate iuve^tment of $2,140,948 74, for which you will, in the future.
iu accordance with the tenns of the lease, receive Iwnds to be issued
under the Cleneral Mortgage of that t^ompany.
A loan of tlie Joint Companies— viz the Delaware & Raritau Canal
fcycontlnuing the policy of giving tlie sli.arcliolders the option of c<mverting a i»ortiou of theirdi vidends into stock and by the sale of socurittcs Campany and Camd«u & Auiboy R.iilroad it Transportation Company—
of auxiliary lines, .and of additional amounts of the $10,000,000 of Trust for $1,700,000 matured Februiiry 1, 1883, and a balance of $124,000 of
ft loan of the same companies
having previously become due, bonds to
Certltteates wliieli your Boaixl deemed it prudent to create for tliis i>urposc. These certilleates bear interest at four and onelmlf per cent per the amount of $1 ,824,000 bearing interest at the rate of 4 per cent per
anmini, and are secured by a deposit of bonds of your branch and auxili- annum, maturing February 1, 1923,were issuedunder the general mortary lines representing a par v.aiue of $12, ,500.000. A sinking fimd lias gage of the United Now Jersey Railroad & Canal Company for
boon e«talilished for the purpose of retiring the eertifleatos tlms issued. $20,000,(K)0, and sold on satisfactory tei-ms, the proceeds being used to
pay off the loans (Irst referred to.
1)1 the .iudgment of your Directors, it was better tor your interests to
The sinking 'nml for the redemptiim of the Trust certificates issue 1 for
place these securities iu trust, and issue the obligation of your Company
against them as collateral, than to sell them. As before noted, $3,000,000 thcpnrehuse of the sharcsof the capital stock cf the PhiladelphiaWilniington & Baltimore Railroad Company was suttlcient to enable the Trustee
of the certilieates have been sold, leaving $7,000,000 on hand.
The debt due to the State ot Ponnsylvauia on account of the pmehnsc to purchase .$423,000 of such certifl:ate3 during the past year. These
of tile Main Line was reduced dming the year by the payment of certltioates have been canceled as provided iu the Trust agreement.
$299,907 00, which was charged to capital account. The balance of the The General Account of the Treasurer shows this reduction in the
annual payment of $400,000 ($160,093 94) representing the interest amount of outstanding cerlifleates, and a corresponding reduction has
upon the annmnt due to the State, was charged directly to income beeu made on the other side of the aci-ount in the cost of the sh.arespnraccount. The baLauce due on account of the piu'chase of the Main Line cliased by your C'aini>aiiy. The total amount of these certiHeates purIs $2,970,002 83.
chascil and canceled to December 31, 1383, is $357,000.
Under the provisions of the consolidated mortgage of the Company.
The mortgage bonds of the Ilarrisburg Portsmouth Mount Joy & Lanthere was set apart on the first day of July last, out of the net income, caster Railroad Company, anioimting to $700,000, bearing interest at 6
the sum rciinired for the purchase of outstanding bonds secured by that per cent per annum, became duo July 1, 1883. These bonds were exmortgage, and entitled to the security of the covenants tlierein, iu rela- tended tor thirty years, under the security of the sama mortgaje, and
ti«n to the siuliiug fund. Bonds to the par value of $280,360 were thus the rate of interest reduced to 4 per cent per annum.
While these expenditures maj' appear large, j'ct they arc not so wlien
proper consideration is given to the wide extent of territory covered Ity
your lines and tlie amount of capital invested therein. Sucli an extended
system of railways could not be regard(rd as in a sound and prosperous
condition unll^ss Ihey demanded an investment of capital at least efiual
to that which has been heretcforo annually made.
The outlay during the picsent .voar for similar improvements and
faculties ui)on the Main Line and briinches and tlie United K lilroads of
JTcw Jersey Division, and for the completion of the lines now in process
of construction and such new branches as may be nccesanry, will probably rcacli the sum of $8,500,000. Tliis amount it is proposed to obtain
,
CAR TRUSTS.
provision was made, under the system of Car Tiusts,
Iorthec(|uipnient of your roads, to the extent of 500 hopper gondolas
aud 525 bo.x cars for the Main Line, and 4,987 box, gondola and
stock cars for the roads iu which your company is interested west of
Pittsburg.
The outstanding certificates of Scries C and D of the Car Tnist of Penn«ylvanln, rcpreseutiog 2,000 cars, at a cost of $1,035,000, and bearing
Further
The 16,809
cars placed on the lines east of Pittsbiu'g,
Tlie 10,437 cars west ot Pittsburg
interest at 6 per cent per anniuu, were paid and canceled during tlio
year. The cars furnished under Series C having thus passed into your
ownership, the eiiuipment account was increased $250,000, one-hall of
their original cost, the balance remainiLg charged to profit aud lo.ss.
The cars f nrnislicd through Series D lia\-ing beeu sub-leased to your lines
vct^t of I'ittsburg, the same plan was pnrsu<)d by those lines^jOS shown in
their accounts.
through the system of Car Trusts, represent a cost of
'!"'*'??•?§ w*??
9.131.370
OIJ
March
THE CHRONICLE.
1884]
8,
Tb(t fan (Ub'InoMKl to other line* roiitrolled
l.SnooaniNortliciiiCriilnil Uullwft.v Cniniiany
2&0v»t'ii Allt'Kliriiy
\iMvy
l>]r
299
jrour Ciirapnny, vls.t
#720,780 00
—- IBT.nOOOU
Idillruud Cuiiiiiiuiy
^
f9*1,HM4i
»
'1'
]
!ii>ii
iinilrnniH-llntloncf
» IIik-aIii
r,
»77,02(>
nalniK'c niipllril to reiliMiiptioii
nml
fA0tl,»7A01
139,.:01 41
rniiri'lliitlnii
of C'crtlHcat«H In
870,013 60
19)3
.-...
'flOH,142 10
33,167 16
..-.
Dvdiiet liilficut
ralniii'o
ii|>|i|lr(l
01
SOS,201 40
1983
Niiitlicrii (Viitral Hiillwiiy Comimiiy 1" li>S3
|iiil(l on ifillllciitoa
by
I"nl«l
00
f0,'230,000 00
(KDHflCAtMlnlBSS..
lUB
1,,
»H07,a90 00
$15,337,000
•••
-•
Totnl, IM.TUrt ciirii
,
On m'i'niiiil of wlili'h tlicrn Iina been piUd, to Drccmlicr 31 , 1H83, for vaiiaellAtloii of cortlHoatoa
,I'lihll.v I'.iniKvlvuiil.i KollroiMl roiiiimuy lu 1833
i.
UcUiiet liiUMvnl jiaiil (III i-i'ilillouto*
to reilciniitlmi niid rnncAllatloii of certlUcatc*
lii
72,975 00
188S
Tniilbv All<<Bli<iiv Valley Hiillroail fompniiy lu ltl83
Ucdiitt liili-ivKt imliloinci-lltlciitos
^in.A.'jn tl2
O.OO.'V
nnliiiicc uppllcd torcdrinptloii mtil cniioollntlon of certlflonton In
nniiiniit of ccitill'iilo n-ilonincd to Ucceuilier 31,
,\iiiiiniit canwlcl In full |iut iiioiit iif tl.'iMcara
Aiiiomif inild on account of 10,.')83 cars
Total
03
1883
13,78000
1853, aH follow*:
$5,034,001)
rO
2,148,000 00
7482,000 OO
Balnnccof ccrtlflc4>t«8 0UtatanaiugDeceiiil)er31, 1883
$f'.I.".r.,0CO0O
TUo niinilH-r of ton* of frclmlit moved over the Main I.lnoand brandies,
nut liicbiding l,2Cr>,2n7 toiiH of fuel and otbcr matcrlalH for tlio Company's iiHo, was 21,674,1(10 ton«; for the previous year, 20,300.:i99 ton?,
(bowing an Incrcanc of 1 ,313,701 toiirt, or 1} 45-100 iKt cout. Tlicro was
an luerciiRC of 1,320,730 tons lu local fiTlKlit.
Ut the a 1,071,100 tons of Individual fiviKht transported over the Main
Line and bruncUcj. I,037,hlGO were tbrongU and 10,730,310 local
freights
The coal Blilpiuents Increased 1,021,129 tons, and tlio ooko shipments
248,013 tons; their aiirinvKntc bolnt; 12,420,883 tons, as against
11 ,1.'.7,146 In 18Si!— ft Ruin of 1,209,742 tons.
Tlie east-bound coke tonnage from I be Connellsvlllo region shows an
Increase of 1H4,C70 tons, and the west-bound an Increase of 115,100
tons the entire movement of coke from tliiit disti let amounting to
all sources.
2,099,S20 out of a tot.U of :<, 137,100 tons f
The total shipments of oil during the year 1883 amounted to 1 ,756,690
barrels. ii» against 3,972,121 barrels iu 1382, showing a, dei-reaso of
;
mm
2,215,425 Iwrrils.
On the .Miiin IJnc the throngh freight east-liound shows .i slight increase, and the thrtxigh freight west a slight decrease, and the local
freight. In liotli directions, a niarke<l increase.
The nunilier of passengers rn the Maiu 1,lno shows au luerease of tbi'ee
per cut.
On
New Jersey there was an increase lu
both directions, of 138,410 tons, and an increase of
l>oth directions, of 47.'>,803 tons, making a total increase
the I'nlted Itailroads of
through freight,
local tniltic.
III
in
of 614,303 tons. The passenger
per cent in the nnndicr carried.
On
the l*hlla<1elphia
&
traffic
allows an Increase of over eight
Erie division there
was an
Increase of the tou-
niigo of tliiougb freight in both directions of .37,971 tons, and an Incrciiso
In local freight westward of 141,473 tons, but a decrease In Io<'nl freight
eastward of 6 J3,S05 tons. About one-half of tiiis decrease is duo to a
reduction in oil trnflic; the reiiminder arises nininly from thn fact tlint
the anthracite corI trafflc. which fonuorly passed over two miles of tUo
Pliilailelphla & Erie road to reach the Nortliern Coutral Railway, now
reaches that line at Sunbnry over your North and Wert Br.^ncli rjnd.
Tile pa-sscnger tradlo shows a slight decrease In t!io niinilicr ennlod.
Tliere were Indlt at Altoona 119 locomotives for your Miln Lino auti
12 for other roads In your interest. There were also cottitriicted at that
p»lnt74passongerear8, 5 imstalcars, l,301Car Trent c.irs 1,032 freight
eari«, and lOS c.ibin audmaintonanco of way cars f.jr your Main I.ine^
and 37 pa-jscnger. baggage- and postal oars, au.i 17 f relghc and cabin
car^, for your other lines.
At tlio West Philadelphia shops, 23 baggiga cars wore built for the
Mala Line, ami at the Philitdelphia & Erie shops, 11 loeoni stives, .3 baggoge, 332 freight and 13 cabin and maintsnau »> of way oars w«re canstructed for your roads east of Pittsburg.
There wore used on the Main Line and branolies. In constmetlon and
repairs, 20,913ton3of steel rails and l,353,815lies; on the Phlla<1clpbii»
& Eric Uallroad, 1,832 tons of steel a«id 171,458 ties; and on tho
United Kailroads of New Jersey, 6,524 ton^ of steel aad 337,933 Ilea,
making a total of 29,269 tons of steel an-i 1,863,200 tl03.
LINES WE.ST OF PITTSBURG.
Tlicfollowlnggtatementglvostlioresnlt of tho lines owned or controlled by the
Comimuy, and the Pittsburg Cincinnati & 8t. I.K)nlg Railway Company;
Company west
1833.
1883.
The
totnl earnings of tho Pf-nksvlvania
Ex^jenses for same i>erio<l wero
Company on
linos
operated by
it
Nt
Jhe
t
profit
L.t.ii
lAV
and
this deduct rental. Interest
.
liabilities of all
$19,025,661 42
10,976,120 83
$7,181,0.50 07
$8,049,540 57
6,180,162 73
on Pennsylvania Company's llne.8
of the PiTTsnrmi CisrixxATi
were
iiniitit;*
&
kinds chargeable thereto
8t.
.11
5,141,-:
•
and liablUlles
thbi dciluct rental, Interest
Net profit on Pittsburg Clnoinnntl
&
of
St. Louis
$795,204 33
all
kinds chargeable tliereto
04 94
'
$1,904,019 19
i,875,3o719
Decrease...
4,694.019 33
*$I,96.5,9!iOC0
*
Railway Company's lines
Net profit en lines west of Pittsburg for 1883
Net proHtou lluca west cf Pittsl)urg for 1882
$1,869,377 8S
*$6.0CO.0-29 93
$7.04.5,314 13
;
Ixiaving net earnings
From
6.385.845 74
Locis Railway Com-
Ir.r iipiriited directly by It
K,vpeu;-f.s fur .suuie period were .,,
^
ISS?.
1882.
were .$19,147,347 60
11,900,297 53
Leaving net earnings
From
of Pittsburg operated by tho Pennsylvania
1,071,546 08
23,691 70
Los»,5,.566«8
$S2S,890 03
1,863,81171
$1,803,8117*
$1,039,915 71
..T
Annexed to tho report Is a table marked C, showing the detailed working of each line.
The other lines west of Pittsburg. In conuectlon wit:i which tlie Company has assumed liabilities, or whlohlt controls through the ownership
of securities, but which are worked through their own individual organizations, arc the Chicago 8t. Louis & Pittsburg Rallroal, St. Louls.Vandolia .tTerro Uaute llallri^ad. Grand Rapids dc Indiana Railro:idu.id roads oioratsd through its orgauiuition,'and East St. Louis & Caroudclot
Itnllwny.
1883.
1883.
The aggregate gross earnings of these
Expenses
T.OSS
this loss
were
„.....*.
................
..
Dc<luct n^utal
Of
roiwls
and
,
7,861,993 53
$2,069.667 61
2,187,833 35
Interest ... ... ...
$1,947,132 71
• 1.900,964 04
19
$lf3,167 74
your Company, under existing contracts,
is
l%;avcs a net profit on all linos west of Pittsburg
Net profit on all lines west of Pittsburg for 18 b-
dfaowlng a decrease for 1883 of
...
for
1883
•
$37,187 7 7
directly or indirectly
30,483
1.803.811
$11,226 73
r«siM»nfiil»li' tor,
Which, deducted from the i>roBt before stated
188S.
/J882.
•.$9,614.71198
• 7,697.559 27
$9.9.3-J.fi03
•
•
.
.....4.
823.8915
03
t 812,609 30
1,894.300 31
«tl,
$1,394,300
57
74
Si.
08 1.631 01
BHins and those stated in the last report Is dne to the fact that the r<>8Ults of the Chicago St. I/ouls ife PittslmT g
igo A- Inliana (Vntral Kiiilwayi wur.) inciudcJ in 13!<2 lu tho operations of iluiis directly operatcti, and In 188 ^
by tlieirowii or^'nui^atlons.
tAiu!:i Mils amo'int and the biUneo shown bv the Income n'^eonnts of Pennsvlvan'a Comnanv and Plttstmrg Cincintiatt
iipiiny Is dm: to the fact that (he a.'tual a:lvanvjjmad»darlug tUeye^r wert $d,3l792 miro than tho loisoi shown by tli»
-,»
Itil
In
s;
•
'
1
'
ids.
;
I'ioilt.
I
A
:
THE CHRONICLE.
300
[Vou ixxvm.
in the hands of the Trustees
Your lines -west of Pittsburg show a continued increase in gross earn- Balance
Bills and accounts receivable in liands of cashier
ings, but. owing to tlie competitive character of tlie traffic, tliere is a
Cash in hands of cashier
larger ratio of expenses and a reduction in net revenue. Tlie exiienses
Total...
_.
In many Instances are exceptional in tlieir character, and tend to bring
thepropertiestoa liiglier standard o( efficiency, both in roadway and
For the proper protection of the large advances
$356,423 71
605.562 58
19,899 12
I
oguipment ; but thi? is necessary by reason of the severe competition
resulting from the construction of nevr lines. Your Board have reason,
notwithstanding this, to expect satisfactory results from these properties.
The freight movement shows a gain of 1 ,341,240 tons, and the number
of passengers carried an increase of 650,737, orabout flvoper cent in each
class of traffic.
The Pennsylvania Company, after meeting all its ol)ligations, was able
to pay a dividend of four per cent and carry to the credit of profit and
loss a surplus of $72,829 14.
Of the issue of $3,200,000 of the Pennsylvania Company's bonds, secured by Pittsburg Fort Wayne & Chicago Railway stock as collateral,
f 630,000 have been redeemed through the operation of the sinking fund,
leaving the amount outstanding $2,570,000. Of the $12,.")00,000 of its
tract
which expired January
$981,885 41
made under
the con-
1883, tor the inirchaseof coupons, your
company deemed it wise to take the necessary legal steps to determin*
the priority of its claim, as the owner of such eoupous upon the rev«nues of the Grand Raiiids & Indiana Railroad Company. This suit is
now pending; it is hoped it will result favorably to your Company and
secure a inoper settlement of this account.
The condition of your western linos was fully maintained. Tlio roadbed was improved by ballasting additional sections with stone and cinder; by renewal and substitution of Iron for wooden bridges, and by the
further substitution of steel for ?ron "rails. Extensions were made of the
third and fourth tracks, and additional second tracks and sidings provided at various points. Large sums were expended in furuislilng increased yard, dock apd station facilities, and in the purchase of additional real estate at terminal points. The policy of substituting heavier
and more cfTective motive power was continued, and your car equijK
1,
four a'jd one-half per cent bonds $231,000 have been redeemed, leaving
outstanding $12,200,000.
ment further increased.
The report made by the Tnistees of the sinking funds of the first and
During the year there were laid on the northwestern lines operated
second mortgages of the Pitt.sburg Fort Wayne & Chicago Railw.iy Cora, directly in your interest, 9,914 tons, and on the southwestern lines,
pany show.? that the regular annual contrilnition of $104,100 was paid 1 1,419 tons of steel rails.
to the Trustees of those mortg.iges. They redeemed during the year The amount expended during the year in betterments on
the lines west of Pittsburg was
$1,929,405 75
$126,000 of the first mortgage and $108,000 of the second mortaage
To whieli add the balance at the close of the last annual
honds, making tiie total amount redeemed to December 31, 1S93
:
2,125,806 81
report
First mortgage bonds
Second mortgage Ironds
With B balance
berSl. 1893:
-
of cash in the
On account of first mortgage
$1,463,503 00
1,696,500 00
hands of the Trustees uninvested Decem,
$227;722 05
131,108 2fa
sinking fund
On account of second mortgage sliilting fund
The further sum of $101,921 was also paid into
the sinking funds provided for the redemption of the existing mortgages on the other leased
lines west of Pittsburg, in addition to the amounts contributed directly
by the Individual companies.
The Grand Rapids & Indiana Railroad shows increased revenues for
the year, with a surplus after meeting aU fixed charges. Tlie land department made sales of 22,650 acres, almost entirely farm Lands, for
$225,04019, lieing an average of $9 94 per acre. The entire amoimt
«oldtothe close of the year, after deducting canceled contracts, was
393,439 acres, and the aggregate price received therefore was $4,827,411 38, an average of $12 27 per acre.
Out of the proceeds of such sales thcTntstces redeemed during the
year$l,310,000of the flrf<t mortgage bonds of the Company, of wliich
$1,242,000 were crnvcrted into income bonds, making the entire
•mount 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
STBIMAEY OF
LINE.S
OWNED OR
On
Total
account of which thoro were received in 1883
$l,0,-)5.302"56
Leaving a balance due In general account of
$2,949,142 17
2,006,160 39
stated in the last annual report, the property of the Cohmibus
Chicago & Indiana Central Railway Company wa.s sold under foreclosure
proceedings on January 10, 1883, and a reorganization effected on April
1, 1883, under the name of tlie Chicago St. Louis & Pittsburg Raih-oad
Company. Tlie long and vexatious litigation attendant upon the lease
As
was thus brought to a termination, and your western lines
what had hitherto been an onerous obligation, and one which,
ad,iudication had sustained the lease, would in all probability
of that road
relieved of
if
the final
'
have seriously affected their revenues.
Your Board thought it advisable, for the proper protection of yonr
interest, to become, in cennection with your western lines, the ownen
of a portion of the securities of the new company, so that there Is now
held in your Interest $11,500,000 of the first mortgage five per cent
bonds, 117,21213 shares of the preferred stock and 14, 24212 shares of
the common stock of the par value of $100 per share. 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 completed and the property brought Into a thoroughly effective condition. It
will be able to make a fair return upon the capital invested.
CONTROLLEH) EAST AND WEST OF PITTSBURG.
1?82.
1883.
68,917,056 10
$36,736,475 97
Tnereate.
$4,138,606 04
3,531,34178
$101,514,926 03
65,385.714 32
$105,653,.532 07
1
$36,129,21171
1
$607,264 26
FREIGHT TRAFFIC.
1832.
1883.
Nuniher of Tons One
Number of Tons.
lines east of Pittsburg
lilnes west of Pittsburg
and Erie
Totals
Mile.
Number
5,066,083,175
2,693,140,873
54,822,558
24,977,807
83,698,162
7,759,224,048
79,800,365
7,592,547,808
Number of
Passengers.
-
Totals
The aggregate amount
of steel rails laid In
1883 on
all
Mile.
57,379,115
20,319.047
".
1832.
1883.
-
One
4,862,702,539
2,729,844,768
PASSENGER TRAFPI
Lines east of Pittsburg and Erie
XInes west of Pittsburg
Number of TiMU
of Tons,
Number of Passengers
One
Mile.
Passengers.
Number of Pasiengas One Mtle.
Number of
36,584,435
12,262,376
789,134,935
366,774,204
33,657.024
11,011,633
748,484,865
369,349,969
48,846,811
1,155,909,139
45,208,663
1,117,831,834
the lines owned, controlled or operated by your
Company
east and west of Pittsburg
was 67,864 tons.
GENERAL REMARKS.
TJnder the provisions of the Trust created October 9, 1878, as will be
een by the report hereto attached, there has been paid, to December 31,
18fi3, the sum of $3,100,000, which, with the Income therefrom, has
b een Invested In securities amounting at par to $3,643,208 27, yielding
Interest of 6 786-1000 per cent per annum upon the Investment.
The statement of the Insurance fund, also attached, shows assets on
hand, at the end of the year, of $1,145,406 19, being an Increase over
the previous year of $112,413 93.
Dm-ing the past year a controlling Interest was aerpiircd by your Company In the Camden & Atlantic Railroad, extending from Camden to
Atlantic City, a distance of fifty -nine miles, and possessing valuable
t ermlnal facilities in Camden, and ferry privileges connected therewith.
majority of the share.capital of the West Jersey Ferry Company was
m
A
your Interest. These acijulsitions will tend to give the
accommodations than they have had in the past, and wJU
promote and protect your general intcresis in the State of New Jersey.
The Pennsylvania Railroad Company having puchased $375,000 of
the seven per cent bonds of the Pembeiton & New York Railroad Comli.any, which were guaranteed, principal and Interest, by the United
Railroad & Canal Companies of New Jersey, it was deemed advisable to
effect a consolidation of that road with the Philadelphia & Long Branch
Railway, antj thus vest in one corporation the ownership of the lines
extending from Pembeiton Junction, the terminus of the Camden & Bar
llngton County Railroad, to the New York & Long Branch Railroad
near Bay Head, In New .Tersey. This was effected on the 13th of Octo"
ber, 1883, under the name of the Philadelphia & Long Branch Railroad
also secured in
puiilie better
Mabch
THE CHRONICLE.
8, I81M.J
The
Cnmpaiiy.
<>ni>ltnl
iitook of
tht<
conwriillon
iii<w
wim
ttxnl
M
imt rent tlrnt innrtKiiKo lp<ini\M; iif
thcuc •ociirltirx your Ctimimtiy rocolvMl $730,0O'> "' oniiltal •Imk niiil
(ivno.ooo of bondii In aotllniiiont of thrlr InUirest* In tha Hue* tbiis con
<niO<),<)(H>,
with
nil o«iiial iimiiiiiit iif llv<>
Aulldiitcd.
Tlie iigrtM'iiient with tin- C'lUtrnl Riiliro id of Now Jertcy fur the Joliil
of the llni> iMitweon Ilii\ IIi'iiil <:ity niid Turth AiiilKiy, known iid tlip
iiiio
Now
Yiirk
A
I.otiK
Ilrnnih Unllroiid, to which
n'fcrciii'i' wiib iuiuIp In
Hid
ni>oit. wim fouml t4) lie (lUltc nutlMfiictory In fnriilxhlug luori «.t<(l fuclllli.'M to Iho piiMic, and In iiiouiotlni? the Joint lnl(ri-«t«
of till' c'onlriiillnK piirilo^. Thi-chiiugo in tlie man«i«Mui>ut of tho New
thlrtyllfth
iinuiiiil
bOl
iiK this Impnrtitnt luannfaetiirlng town in dlnwt eonnM<tlmi with font
system of rallniiulM. The line tniverslng the Meliiiylklll Valley, known
pushed t'etiusylvanln Hehiiylkill Valley Railroad, has been actively
as the forward, nnd will be ready for trafilo as far as Reading dnrlof
the coming scison. Your management sees no reason tor changing tb«
views expressed In the last report, as to the nccossliy for the constmolion of this line, and tho Important Infliieuee It will have, not only la
atldlng to the revenues of your properties, but In protecting your ia-
toiests.
•
.
Baltimore Railroad Company shared
In the gen< rnJ presperlty of the railway Interest, diirl.-'g the past year;
its net revenues provided for Its flxed liabilities and Hie ciutomary dlTJtMi-i'y t'ontral roail, wlilrh oecuiTcd In May Inxt. i^«iiilti-d, howi-vcr, in 11
Idcnd of eight percent, with a conlluued Ineremqut to the credit of
notli'c Hint thut ronipniiy would no loiiKcr bo bound liy tlin nRrpcincnt^
nllhoiiKh II wimnot pietcndi'd thut your Company hud failed In any profit niiil loss. The r«niplet'on by the Bulllnioro & Potoinao Railroad
niamwr to oovry out the covcimatii wlilrli "It linrt nasnniod In coniu'ctlim Conipnisy of Its double track bitwi^en Ualtliunre and Wushlngton ha*
thin>wlth. It 18 believed that throHith the kult which your Company strengthened the position of the Philadelphia Wilmington & Baltimore
was thus comiK-lled to brliiR lor the pioloetlon of lt« right*, tho contrnet Kallroad, nnd largely Increased the fucllltieH for tho transportation
Ot pnssengei's and freight Ix Iween Waslilnglo.i a'ld northern po'nts.
will lie niUndxed to lie In full force and eflect.
Your <'oinpnny has Joined the Philadelphia Wilmington itc Raltlmorft
The priiu'lpiil ontliiy upon your main and leased llnea during the pnrt
year wan for extenplons of llilid and foiulh tnieka and n<lditional yard Railroad Couijiaiiy In a traffic contract to promote the constniefneilltleii.
The largo expenditure niudo nt IlniTlBlmrg for HiIh piirjwse tlon of a railroad about one hundred miles long, extending
from the southern end of Us Delaware lire to the southern extremity of
hn.s afforded iiiucli relief In the moveinent of tmlHc, but owing to delays
in the acfpilsltion of the iieees.«ary property for the new passenger station tho pcniiisnla of Virginia, opposite Norfolk. It Is expe ctei that this
route, through Its directness and ability to shorten the time, will secnr*
nt that point, Its constmetion lins not been commenced.
Additional light of way was aciiulrod at various points, nnd tho snm a large share of the traftlc which now seeks the more northern jwrts by
water, and will thus largely benefit the Philadelphia Wilmington it Balof i?2T.'),000 cxpende for real estate.
On the Now York Plvlslon further progress was made in the extension timore Rallroa<l, as well as your other lines.
Tho Northern Ontral Railway Compnnj' has been especially prosper
of thinl and fourth tracks, and In the improvement of tho lino at Frankoils during the year, nnd Is now in sneli condition as t« give good assur'tor<1 and Bristol. Tho new paa^cnger lino over tho'Hackcnsnck Ulvcr,
Thlch was exceptionally exiwnalvc In Its character, Is nearly completed nncc of a continuance of direct profits to your Company as its larges
ind will be opened this spring. It will inatcrlallj- expedite the move- shareholder, as well as indirect advantages to your general system.
The pooling arrangements between the trunk lines, while, to a certain
ment of tralTle, as It affonls tho pas.scnger trains an Independent line
rom East Newark to Jersey City. Tliero wiva also an extension of third extent, protecting your revenues on through traffic, have not yielded th«
and fourth tracks on tbo Connecting RalUrny In the work upon the Now full benefit that was anticipated when they were made. The construollon of new through routes has Iweu carried to an extent far In advance
Jersey Division.
The equipment. In addition to that obtained thron^li tho system of Car of the actual necessities of the countiy, and the result has been that the
Trusts, has been Increased by 104 locomotives and 64 passenger and Unci having Inferior facilities have been unable to attract business except
nt iiurcniuncratlve rates, while the imdiie volume of btislccss thus obpostal ears.
The policy that was Indicated In the Inst report In reference to the tained by such lines has been used as tho basis for securing an unfair
construction nnd promotion of branch lines has been continued, and proportion of the pooled trnffl';. Wliilo your Board are fully convinced
much tho larger portion of the capital outlay was for this purpose. of the advantages to both the public and the transportation compantesof
Nearly 91,300,000 was expended in extending branch and auxiliary a proper pooling system, la the maintcnonee of fair and equitable rates,
lines that were In operation at tho beginning of the year, and $1,770,000 and in preventing disciiminatlons between sldppers, they are also satlaupon lines not yet opened fortrafflc. Tho results obtained from such fied that tho rcqulsit* stobilily cannot be attained until more efficaeioas
lnvestnicnt« In Increasing tho revenues of your properties will be appar- means are provided to enforce the agreements made lietween the coment upon an examination of the sources and character of your traftlc.
peting lines and unless this is done It is doubtful whether the iaterosts
Among the more important branch lines in operation at the beginning of your Company will be promoted by a further continuance of the imof the year that shared In this exiicndlture were the Tyrone & Cleartleld perfect arrangements that now exist.
Since your last annual meeting your Company has lost the services o
Rollway, your largest bituminous coal-feeder, tho Southwest Pennsylvania Railway, from which your coke sliipnvcnts are mainly derived. Mr. Strickland Kneass, an eminent oivil engineer, who flllert the position
nnd the Pittsburg Virginia & Charleston Railway. The latter road is of as.sistant to the President, whose death occurred on the 14lh of
now developing a trafllc that enables that comp.-«ny not only to take care January last. Mr. Kneass had been connected with the original conof its flxed llabllltlea, but gives fair prospects of reasonable dividends to struction of your main lino, and had for many years occupied variotu
positions of tnist oonnecte<l with s'our Company. The Directors, while
Its shareholders.
On the Western Pennsylvania Rallro.id there were expended $523,000 bearing testimony to the zeal nnd ability with which all of his dutiea
In reducing the grades nnd extending thel Ine to Bolivar. This work has
were discharged, desire to express their appreciation of his long and
BO far progressed as to make further outlajunt 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-gradn Hue from Pitts- Company.
burg to the western sloi>e of the Allegheny Mountains. The completion
Tlie General Account of the Troasnrer is hereto appended, to;;ether
of the West Penn. & Chenango Connecting Railroad, extending from the with a list of the securities owned by the Company. Y'our attention \a
terminus of tJie Butler branch of this road t« the Chenango <!k Allegheny also called to the General, Income and Profit and Less accounts of the
Railroad, a distance of about twenty-four miles, affords a direct outlet to Philndelpbla <fc Erie Railroad Company, the Pennsylvania Company, and
the lakes for tho coal and other traffic of the Western Pennsylvania road, the Pittsburg Cincinnati & St. Ixmis Railway Company; also, tho General
and also gives the section .ttljacent to the new line a more favorable and Profit and Loss accoimts of tho Allegheny Valley Railroad Company
connection with Pittsburg. It Is hoped that the eonstrnctlon of this lino and the General, Income and Profit and Loss accounts of the Grand
win be of advantage not only to its promoters, but to the interests of Rapids & Indiana Railroad Company also, the reports of the Comp
the Western Pennsj-lvania Railroad.
trollcr and General Manager of the Company, which will be published
The Rldgway & (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 ox>eiied for business nt the close of the year. It will (U'veloji a tho operation of your lines.
new bituminous coal region, and afford additional trafflo to your lines.
The Board renew their acknowledgments to the ofilcers and employees
The eonstrnctlon of the Pblla<lelpbia Oermantown cSc Chestnut Hill jor the fidelity and efflcleucy with which they have discharged their
branch has been vlgoronslj- prosecuted, nnd it Isexiiected the lli:ewlll duties during tho past year.
By order of the Board,
be :'onipleted by the middle of the year. The branch line extending
G. B. ROBERTS,
from Fiiizcr, on the Main Line, to Pbienixvllle, was finished, thus bringPresident.
TI10 Phltnib'lpliln
Wllmlngtnu
.(:
I
;
;
Florida Railway & NaTigation Company.— At JacksonBoston & Albany.— The statemeiit of the earnings, &c., for
Fla., March 1, a lucctinK of the stockhoMcrs of the the quarter ending Dec. 31, 1883. made to the New York State
ville,
r
I
I
&
&
Horifia Central
Western, Florida Transit
Peninsular, FerJacksonville and the I.«'esburK & Indian River rniluandina
roads, all of the above companies were con.solidated under the
name of tlie Florida Railway & Navigation (Company, with the
following list of directors
C. R. Cunimin)?s and F. W. Peck
of Cliicajeo W. Bayard Cutting, Thomas C. Piatt, L. M. Lawson, E. li. Harriman, E. N. Dickerson and H. L. Horton of
New York Klijali Smith, of Boston D. L. Yulee and C. D.
Willard, of Wasliinpton, and J. M. Scliuihaker and B. ,S. HenninK, of Florida. Tlie system embraces 509 miles of conipletwl
railroaii. and the construction of extensions nortli and south
will lie iK'gun at once.
&
:
I
j
'
;
:
;
Lohi^h Coal & NaTigration Company— Nesqnelioninsf
Talley. Tlie Scliuylkill Coal & Navigation company lina
agreed to postpone for twenty years, from September 1 next,
its right to ttmuinate the lease of tho Nesquehoning Valley
road, by the payment of the par value of the stock.
Leliigh
N.ivig;ition will instead pay during that jx>rio<l a rental wliich
pi:inintcc8 a dividend of ,5 per cent on Nesquelioning stock.
in.-^toad of 7 per cent as heretofore.
Stock must be presented
l)efore May 1, and stamped, in order to secure the benefit of the
—
oxtonsion.
Railroad Commissioners,
is
Gross earnings
Operating expenses, excluding
Net earnings from operation
Riciiinond
as follows
'.
all
taxes (88-8 per cent.)
$2,142,1 Jl
1,003,217
«i239,934
:
& Alleghany.-The
&
:
mortgage bondholders
Alleghany Railroad have prepared a docufirst
of the Richmond
protesting against the plan of reorganization proposed by
the onicers, vrliich requires absolute surrender of half tha
coupons for four years, aggregating f700,000. The new plan
represents that theproneity is worth more than the first mortgage bonds. The l)on<iholders propose that the company pay
one-half the coupons, fund the other half, and that scrip l)ei.ssued
for the coupons so funded at tho rate of |H0 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 prefetretl or common stock.
The old iilan they claim is in tho
interest of sef;ond mortgage bondholdeis, who would receive
preferred stock for tlieir twiids, and after tlie first mortgage
bondholders had surrendered their coujwns for several years
without any e<iuivalent, the holders of preferred stock might
be drawing dividends.
ment
—
.
:
THE CHRONICLE.
'601
(TOL. XXXVIII.
COTTON.
COMMmciAiT^EmOME!
FiRDAY Night, March 7, 1884.
The weather has conlinued quite wintry, even in southern
latitudes, throughout the week, but moderating somewhat
towards its close. 7he effect upon husiness has been most
unfavorable, and even in speculative staples the dealings have
Financial bills before Congress have
greatly diminished.
caused much uneasiness. The committee of the lower house
has completed the new tariff bill by greatly reducing the free
list, and it will be reported at once for consideration, reports
E8y with little prospect of its passage.
The following is a statement of tlie stocks of leading articles
of domestic and foreign merchandise at dates given
:
1884.
Mare/i
18?4.
at—
Seceipts
Mon.
Sat.
Galveston
iDdianola, &e.
Orleans...
New
Wed.
rues.
rA«r».
Fri.
itaich 3.
3,636
209
2,259
562
595
9.3^
6,321
3,622
6,738
1,470
1,479
24
4,534
24,lt>4
653
416
607
424
721
180
3,004
Mobile
Beef
bbls.
bbls.
and
tcs.
Lard
tcs
Tobacco, domestic
Tobacco, foreign
Cioffce, Kio
bales.
bags.
Coffee, otlier
Coffee, Java, &c
bags.
mats.
lilida.
Bugar
Bugar
Bugar
No.
bales.
bbls
bbls
bbls
bags.
Bpirits tm-pentiue
Tar
Rico, E. I
Uice, domestic
bbls.
Linseed
and
Juto butts
Kauilaliorap
2,'i00
3.O0O
29,900
315,258
23,338
83,300
213.000
183.133
37,92J
4,523
1,409
25,150
2,300
47,500
12,300
20,318
Noiio.
573,397
23 i
1,100
38,680
4,412
1,567
7,750
1,950
3,000
11.700
47,000
18,033
18.900
tcs.
bal<>s.
I.lll
32-i,119
3,34(>
bales.
bales.
hemp
f.0,984
263,959
60,472
3,f>(0
bags.
bags.
Baltpeti'C
r4,182
12,646
12.'),000
lihds.
lihds.
bbls.
Hides
Cotton
Eosin
29,931
1,769
40.101
16,311
29,939
25,843
17,762
60.091
19.470
5.159
511,330
None.
383
28,583
27.000
NoDe.
601,712
237
407
hlids.
Molasses, foi-fign
Molasses, domestic
11,496
40,86(5
boxes.
bags, &c.
Melado
Sisal
17,987
295
26,039
12,467
61,894
200,b74
1,321
9,910
1.690
None.
12,100
41, TOO
710
905
600
353
656
216
115
141
97
109
109
865
1,233
1.518
574
574
1504
37
910
S91
100
761
269
190
1,985
1,316
l,4-:.4
6,127
2,287
46
42
7
4
1,270
2,; 55
3,516
week 11.810 11.144 11.606
8 413
7.491I 13,193
63,7-.'0
lard speculation has
the
Western
;
Tallow is firmer, and closes more
active at 7'o\'i7 7-lCc. Stearine sold at 10c. for prime city.
Butter is unsettled as between old and new; creameries, 2S(<i
Cheese firm but quiet at 11@
33c.; Western factory, 14@18c.
15c. for State factory. Eggs have been firmer, but close easier
at 22@23c.
Kio coffee has been dull and, to a great extent, nominal at
12)^0. for fair; options have been more active but at a decline,
closing barely steady to-day at lO'TOc. for March, 10-75c. for
April, lO'SOc. for May and June, lOSoc. for July and August
and 1090c. for September and October; mild grades have been
steady, with liberal sales of Maracaibo and African descripTea was steady until to-dav when prices declined; the
tions.
sales to-day were 480,000 lbs. at SO'i'g'o. for March, 31@3ti^c.
for April and 33J^@3334C. for May.
Foreign fruits have be'en
quiet and weak. Spices have been dull. Rice has been in
fair demand and steady.
Cuba molasses has declined .50degrees test refining has "sold freely at 23J^p. New Oreans has
been steady at 35@5Gc.
Raw sugar has baen moderately
active at easier prices; fair refining is quoted at 5;>gC. refined
has been firmer; crushed 773(1(80.; powdered 7^40.
been dull and unchanged.
;
;
;
Kentucky tobacco has been very
quiet, but
no changes
Baltimore
tills
;
;
;
10,5
1,044
4,287
5,813
4,237
For comDanson, we trive the
showing the week's
f ollowinc; table
the total since Sept. 1, 1883, and the stock to-night,
and the same items for the corresoondinij periods of last year.
total receipts,
1883-84
Kaeeipts to
Uanli
1882-83.
Since Sep.
1, 1883.
This
Week.
7.
Salveston
ludlanola.&o.
New Orleans...
Mobile
Florida
Savannab
Brunsw'k, &c
Oharleston
Pt. Royal, &C.
ffllmlngton....
M'head C, &c
Norfolk
West Polnt,&c
New York
Boston
Baltimore
Phlladelp'3,.5tc.
This
Week.
Since Sep.
18f4
1882
1,
9,369 551,559
21
8,263
21,161 1,419.394
3,001
237,825
433
36,333
4,772 627,592
60
7,031
3.1:9 393.987
147
13,026
658
88,03i
105
12,142
544,133
5.813
4 237 209,688
910
92,457
6.127
136,256
1,837
19,652
3,526
18,213
19,718
691,393
15,522
sol
1883.
40.456
5,146
137
0,524
0,410
570
1,632
629
18,326
6,441
2,532
5,230
2,115
2,860
1:
34,341
74,856
323,023 3:6.120
25,850 37,163
,337,661
291,356
11,415
722,458
5,508
515,870
21,150
118,425
17,890
652.706
198,909
112,239
133,06
1.775
18,606
77.7W
39,979
6,698
57,513
625
14,711
23,218
69,771
314.440 109,196
7,410
5,13?
17.293 2S,01()
i
36,87:'
60,500
14,411
6^,720 4.422,324 121,826 .5,026,54
Total
S.551
895,112 839,409
Iq order that comparison may bs mxde with other y.^aw. we
give below the totals at leadins? ports for sis seasons.
Receiptt
at—
Qalvest'n.&o.
New Orleans.
1881."
1883.
9,393
24.161
3,001
4,772
3,570
Norfolk, <feo..
All others....
10,100
2,918
19,307
40,158
5,146
9,524
9,939
2,261
21.767
12,874
rot, thlB w'k.
03,730
124,826
Mobile
Savannah
Ac
VUm'gt'n, &o
Oliarl'st'n,
Since Bent.
763
1
1882.
1830.
1881.
1879.
4.644
14,307
S.S30
8.603
7,048
1.749
11,230
7,327
17,733
50,653
10 736
15,482
10,801
1,930
17,5G4
15,121
4,503
28,089
2,631
5.311
2,932
58,747
110,126
5,;i33
3!,?,-0
l.:i25
5.333
4.G11
692
l,7flS
8,473
11,732
10.615
10,361
64 363
7a.lS0
,1422,324 502fl..=>49 4117.235 48 10,2 1 4)44.639 3993.320
Galveston includes India loia; Unarleaton inoludes I'ort riiy.il, &C-;
Wllminetoniuoludes Moreliead City, Ac; Norfolk Includes City Point, if.
1.
•:
The exports for the week ending' this evening' r^a^h a toti)
of 103,852 bal^s, of which 61,721 wdr.i t j Great B itaia. 4,503 to
France and 42,623 to the rest of the Ointiaent, while the stooks
as made up this evening are no'V 895,112 bales. B;lo,varethe
exports for the week and since Saptember 1, 18 S3.
Week Bndino M.tmh
;
^
147
6>»
lOi
2,287
Philadelp'a, &o.
in
prices have taken place; sales, 86 hhda. for export; 250 hhds.
were sold on 'Change; lugs, 7^i@8c.; leaf, 8)^'@llc. There
have been moderate sales of seed leaf, and all prices rule
steady; sales for the week embrace 1,176 cases, including 500
cases crop 1881, Penn,, BplOc. 253 cases crop 1882, Penn,,
10(ti;lSc,; 100 cases crop 1880, Penn., 12c.; 224 case.s crop 1882,
State Havana seed private terms, 100 cases crop 1882, Wisconsin
Havana seed wrappers, 18(a25c. ; 100 cases crop 1882, Ohio, 9iic
12c., and 100 cases crop sundries, 4(!<: 18c. also COO bales Havana
8Cc.(!i |1 15, and 2.j0 bales Sumatra, ^1 25(r( $1 50.
In naval stores the business has been very moderate imtil
to-day, when 5,000 bbls. good strained rosins were sold at
Spirits tur$1 50; the tone is firm, owing to the light stocks.
pentine is steady at 36@3632C. Refined petroleum has been
variable in sympathy with crude certificates; }'esterday 8^30.
for 70 Abel test were the figures, and to-day Si^'c-, with' better
Crude oil certificates were moi'e active at a higher
sales.
plane. There have been several small failures, and this enhanced the depression until to-day, when, after opening at
closing at !?1 003^'. The
98;aC., there were sales at ifil OH
busmcss in metals, hops, oils and vrool has been limited, and
nothing of interest can be mentioned.
Theie has been but a moderate business in ocean freightroom either in berth or charter room. Rates have been irregular and inclined to easiness.
To-day grain to I/ver|iooI, by
^teani, was quoted at l^^d. flour, 7s. 6d. bacon, 12s. Gd.@15s.
cheese, 17s. Cd.caSOs. cotton, Jgd.: grain to London, by steam,
iJj^d.; do. to Glasgow, by steam, 3d.
;
York
60
3,129
18,020
been much depressed in symand an important
markets,
To-day, however, a
decline in
prices has taken place.
demand to cover contracts caused some re-action and
the close was steadier at 9-58c. for Murch, 9-63c. for
April, 9-70c. for May, 9740. for June and 9-78c. for July.
Spot lard (jiioted at 9 35c. for prime city and 9 55@960c. for
prime Western refined for the Continent nominal at 9 S.ic.
Pork has been dull and drooping at $17 75 for mess and ^20 25
for clear. B.icon dull at '.^^c. for long clear. Cutmeats quiet,
and prices are barely sustained. Beef and beef hams nave
Tlie
pathy with
4,772
693
Wos.tPoint,<Stc
.'>2.300
26,' 04
10,750
16,000
38
40;
60
699
147
81
1,216
Pt. Royal, &c.
ffllmington
Moreli'dC.,&c
Norfolk
Totals
33
1,055
CSiarleston
Sfew
24
635
Savannali
Bnmsw'k, &c.
Pork
Total.
2,108
Florida
18f-3.
Feb. 1.
1
Friday. P. M., March 7, 1384.
Crop, as indicated by oar telegrams
from the Stmth to-night, is pfiven below. For the week endinij
this evening (March 7) the total receipts have reached 63,720
bales, agaiiLst 76,487 bales last week, 65,013 bales the previous
week and 105,921 bales three weeks since; making the total
receipts .since the 1st of September. 1883, 4,422,324 bales, against
5,036,540 bales for the same period of 1882-83, showing a
decrease since September 1, 1883, of 604,316 bales.
The M0V8MBNT OP THK
fromQalveston
New
Orleans..
15.831
237.''38 '3r2fi3
4 1.03
mi.UI
0,095
21,481
S.fS'J
3.ySA
U-<,').)1
i
.
...
*.
10,703
Paitadelp-tt.Ac
8.235
1.610
Coiltl-
277,3)3
666
8,i!07
6.J37
73,8/J
^^W*
•
i3<.m0
21'..3'j0 1,13J.1>:6
200
4il.-3l>3
3,701
7,517
t4B.«5B
189,1Sa
S3'5.S78
3,171
ISSili
10J,«53
42.U1S
214,819
1,2 .'5
10,038
27(!,71i>
4 618
71,745
S.liS
S.ilSO
83,315
5317
602^:
13,136
m.vfii
240,3»»
40,713
20.6S.S
26I.S37
27.0J>2
!S.038
100
S.S2,43a
1,893
ll.CO'i
13.1,151
01,731
4.502
i'.or» 103,833 l,927,S58'37r.5;7
B3.47B
4 8-25
5.S,R 14 l'iS.108
8
111.931
3,8 «•
Totil
t
1
nent.
8.704
Totil IKS5.S3
*
1. l.-S*.
7,i;4;
«,130
.Vorfolkt
Vorlt
ia«3. to JIcX
Great
TTtlmtOKton..
Sew
1.
ExporTM to—
Britain. ^alitt
—
Charlestoi.'...
aoBton ...
Biltimore
Sept.
Great
Conti- Total
BriVn. France nent. Week.
2!3J
Mobile
World*
savaDnab
From
7.
Exported to-
BxporU
la's ftl5':l3->..'i7-
3.30D
03,307
717.3M
3,032.759
M73,l!2 3.S!i3.0S)
from Port Royal, Ac.
Includes exports from West 1*0101. &C
nclurtes experts
I
:
:
:;
Mm«ii
as th«
at fhf
above export*. o:ir t«l*K''«n>'' to-night aUo k!*"
followiiiff nmountM of cuttoo on »liipbi>«rd, not ulfarrd,
York,
aid Mimilar HrfureH for
pnrtii naiueil
wrhicli
are j)rfp«rHd for our Hpooial one by Mesan*. Caivy, Val«
III
&
:i(Mition lo
We
Limb-rt. 80 Hroad
Ml
1 if
ahipbo€tra, nol »l»orta—/or
Ortol
^!"
'>-"• tS!-Xn
Brilain.
Btotk.
""-'•
111!
1 44
13.148
Noun.
;4.T«.'.
4.;too
Mlljllr
<'a«rf Mlou
.....
.. ....
0tTaniinh
,
Norfiilk
,
New York
Other yoru
12.0B.')
320
400
1,300
4 ,0('U
U,0(.O
2.100
3.400
1^.42»
8,a70
3.000
3.000
.000
None.
2.U»0
1,3-8
Nmip
566
300
Noii<\
•150
None.
800
Noue.
None.
7,200
17,000
21, 04 2
8,930
8,750
3,KtO
C4.ti70
15,343
31,709
8,170
119,960
1. 000
: 1
B:
i
12.40';
H<,.ir.
d
?
\:
y,
c
w
a
.''4-
£,».-
310.01)0
2.
risl
^^1^
S
a.
ill'
9
S
9
-1
4».-5-
4
^.n
:
r
1-
1—
-1
Hi
ilir 11
31,1186
I
h
c>
it!
22.K.',0
32.(18:1
,
HOO
700
Koiio.
271.775
51,24-*f
'
i\
i
?7«wnr1oaiu...
a
Now
L»arins
Makcii 7,*r—
<}»lv»><on
303
daily market, the pricM of raleii for each month «*eb dc
the pln«ln<r hlH«. In afldUInn to th» <iall» *"<< 'otal <«al»»'.
.Slr«et.
Oh
>
;
TIIK CHUONICLl'l
1884.
8,
J
:
:
??„
CCiiS" ^S-..::
sv-:.
=.».-
^:P *.
-Zi^
U3
uo
w
W
w
N-.k
£s »r 59 5 £S ? 00 5 99 ^ M!7
99
acre
CD
a 00 2
2 x» 2 «'.» 2
S
55
00
43.732
«..
TjUtl 1881
775,140
,s'
TS.S'il
Total I8f^3
Total 1882
70.V37
Till' i«i.st
week hna
11.9:3 105.977
0.937 33 31«
1
I
one
Ih'imi
ft.rO".
I
and unusual
KTciit
f>f
163,102
124,025
8,.378
I
73C.247
835 020
ii
r»
^0e»\
futuro delivory at this market, and prices
There was very little deniaml at any time
"spurts" towards Ix'tter figures as wen> wade
ileeline.
and such little
on Tui>sday and
mornings were ea^prly embrace<l liy
hoKK'rs to reduce their burdena. There lias not been anything
of s|)eciid importance in foreign or Southern advices e.\cept
that the movement of the crop, both at the ports and the
Tliurstlay
was somewhat
—
„ ...
March
I '»
March 7.
NEW ORLEANS.
Mod Toe*
UPLAND8.
nou Tnea
I
Sat.
Sal.
,
1
0-.
1
»J0O
r---
00
p.
^r
00
<
2
l^i^
a v
fw
to.
g
r":*
^
o-.oi
*»
',•"
.-to
"0
s
sy:—
1
''£''
,iC,l
1
1
1
^
CO
"
t:-
"--
CO
1
KtZ^tO
X
Ti
ao5
"^
1
;-
!?
ccoo
**
,-w
I
Giu-U
'i
..JOD
"
>
'7
M
1
t
1
QL
^10
®
1
•
M«-J.'-'
^=8
etrtotbrd..
Goo<l Dnl..
8%
s%
8«8
91,,
9'i.
9»i,
9»ii
«
SI"
9 '8
10% 10% 10%
95
B-'a
GMOnt
8-'8
8^8
9»„ 9»„
10% 10%
95,6
10%
I0>4
lOU IOI9 I0>4 10 Hs 10% 10% 10%
10>9
Low Mi.MV
10>«
10% 10% 10% 10% 10% 10%
8tr.l.-\v .Mid IOIIk 10II,„ lO'li, loiisig! lO'hJ 10i«,„ 101»,e; 10»i, 101i,«
Mirt.l!iiii,--.. 10'8
lO's
lO's
11% 11% 11% 11% 11% 11%
Uoo.t .^ll^l.. 11>6
n>g
11% 11% 11% 11% 11% 11%
etr. (i'.i .Mid 11%
11% 11% 11% 11% 11% 11% 11% 11%
Mldd'i; Fair
12
12
12
12
11^
12
Fair
1214
i2>9
12«4
12% 12% 12% 12% 12%
12>a
«tr.
loi*
lOi^
im
r-r
tSO
1
1
Wed Tb.
m,,
'-
Strli'tOrd..
<j
8%
8%
Ordln'.v.f*
S'b
U»4
10%
I
8^«
Tb.
8^8
9»1«
10%
10%
10%
|l0'8
ill%
il:%
Mktd'Kl'air|tl%
11%
Il2%
'12%
I
1
11%
11%
11%
12%
I
j
BTAKNED
(;,.
_,,.
8
...»»
'inaryV.V
11%
11%
11%
11%
11%
11%
12
12
12%
12%
•1 Iddlini."
noB
8<4
8I61,
8'6u
The
total sales
10%
10%
10%
;
i
12
101"|,.'
in>6u
11%
11%
11%
11%
ii%
11%
!
I
g
Si
I
M
^
Sa*
SPOT KARKCT
..
Won
.
1
Steady
Qilot
nnrt ntpady
Tliur.< 'i li.-t iiMd Kt«ady
.
li lict iiml steady
Fn
.
<i ili't
.
Total
The
100 50..
140 1,000
....
I'uea. ii"''!t
Wed
PtrniBM.
1
CU>BKI>,
«»t
Xx- Con- Spee- TranTotal.
pori.]tump.'ul'l'n til.
'
....
....
•
212,
....1
494
192
....;
uil
....'
lo,i
25
....
....
1,312 I.721I
aala.
DtHr
G0> 31900
....
....
600
.^00
dally doUverlo^ iciTwi hIiovo are aotiially
tliat oa which they are reported.
eritt
1,2.<C
20,600
00
9(0
342
519
41.31)0
i.aoo
31,900
300
1!I2
,')1,000
1.100
614
1(1,000
400
3.5i:i':.<5 20<1
4.200
delivered
»:
the
5
day
previoun to
:
•
*-•..»
^
?
-' > -* >
'.^
CO
••
=S
CO
1
<
1
"rr-
2
MM
1
sx:
1
»0O.
It.
"^
1
,-10
coo-.j
:
1
'r'72-
t.;CoOtO
^
KC;*
1
»-:
..-o*^
cii-O*.
«!-:
1
14:
:
rf**.0,u
-cw
•-T'T
^ -
CO
-1
,.i
-1
:
1
i-i-o
^1
16:
— M
.-
1
iag ocmprehensive
table.
are shown by Uie foUowIn the statement will b» tecnd the
f-M
>
rr'7
^
»
e.:03
KM
•
-^-o.,>-»
or f»
O".
<^ci
*.
-^
-w
"^
fror
eot*i^ w
S
:
^;ii
1
«:
= 9i
9i
C' O.T m
99
J
c.n 2
1
«l
•
9,
g'
1
«:
i»1
1
"
»
«:
1
"1
''
1
1
'
'
S
l«;:
1
1
1
I
»
1
«:
•^
to
1
M
1
1
1:
l-r."
^
'7'7
.<
•«
-*•
T
1
:
1
.)
?:ii
a
:
S?
£
1
•
1
Si
1'
1
!r
1
1>I
>3
S
S
^
>
.§
3
«:-
ooSo ? 1
c:a^o
iCkiU
03
9i
? b
«
0:
:
1
M
5,
.
1
§'•
>•
-^
1
1
»
1
:
l«;
><
»
1
1
g
1
:
le:
1,1:
1^
l'=
id
1
1
CO07
6i6i
i
:
a
w
s
^
:
^ S5
:
i
-
re
•«
«•
i
a:
1 3
?
'
«
»*:
1
^'
S
i9:
= r
rI
5
u
1
1
? =
I-'
•a
^H-^^
..1
"
:
'
S
a...:
? 5,
9
1
!.«•
1
s
St
i
1
S:
ff
>fl
1
:
Ik.
*?
—
<
:
5,
2r
:
g'
<=
-
©
t
'
d
:
,,ii
>l
U"
1
IS
1*:
"
:
1
1:
1
1
^
!»
1
1
'
'
1
*<
»:
1
:
'
'
6:
:
'
'
l«:
-^
a
»
:
1
!:•
* Tnplndcs sains In September. 18S3. for
berOitobpr. r(ii-o.i.):i..r, :13?,000: 39.1.W0; .H.-ii'.-.u;.,r I>.-fnml«iT.
J. Hillary, for J:<ii. 1.11 V, 2, rl7,yO0.
<
8
1
8
:
''1.
i
«'-3:
^
g
<er
-^'
—
S|
1
«
-
:
8
<
1
-1
1
J,
== J
ik.^
wv a«
rroo
S
:
wOw
>
>
>
CO
<u
<
lli
1:
— x*-*
tq
s
Sio:
*-
7
•i
*
ei-i
1
s
1
2
"«
tJtw
$ °1
<
".«
t'
><
>•
trw
.-.-.Q
i>1
1
1
"-"
*7'7
<
"
9|
a'
*•
1
^
•7-r9-r
IO13C Ki
w
^
1
:
|3
tk
2
>»
CiS*.
:
:
•
1
aco:
fc*.C<.
? 9,
re
!J
ao
^^<SjL.
t\
m
«.
-J,
'T'To-r
ib>)UO^
fCli
>
:
:
•-r-S^HtOH-
'
1
«
-.^.^
«»^:
1
«!
1
.iW
»r:
r-roj:wOu
CO
1
..^
•7-7
tiij
1
CIOOk,
j^a *•
-»- ;»
-,- 5
S's;
1
•7^
1:
1
a.^p-eTi'ior.
1:
76,200
^
Snjrteit-iKsr.
-'
Sop-
'
:
irr.
J,T80,>.OO.
igr Wo baid
looladed In the above table, and shall eontinne eaoh
week to Klro, thp avpmir," prir^ nt futnro-i earn <iny for eaidi month. It
wlU t>o found iiii.i
iitlon •• Aver." llie
avoracefor I'licl,
iHtttom uf table.
:
TrnnHferatile
'•
v.
lO-HOc; Wednw.lny hi ;i ir
rinir».l:iv. 1
Bliort Notices for Mari li -.'Saturday, 1004c.
;
The
10
33
17
|k1
'.i
i,-.;
lOnoc: Taeeday
rridai-,
10 8oo.
following exchanges have been made daring the week:
June for July. 200 Man<b «. n. for n>unlar. even.
Mar for .^pIll. •21 pd. to cich. 500 M.ir. f.>r May.
pd. to oxch. 400
pil. to pxch. 2!>0
•11! iHl. to.
•29 pd. to
•05
I
Ths Salss and Pbiois op FonrBsa
"«
uwOri
wot u
»-^-
"«
1
:3
-1
«w:
n
Om
M^-.
....
te
B..»:
•-»-.ii>-
"
:
<
"r-f
•-*-•'
1
OM 2
^M
.
99 5 c
9|
00
>•
1
1
!5
7*7
•>
®a-:
»•
10
:
•Z"
'
1:
1
1
sts
»;m
1
^^-c."
"f-rof
1
1
<
»'-o:
1
5
-- ? -= ^
**xc £« c»- 2' u-
S
*>
'n
*- r.
e.i;
1
»
^a,^ w^o^^
•»
;
(£ -j
1
r^ •
< 7*7 <
i«u:
B*
!
•
2
6-.;
K«0
1
f?'-
i
sisi
.-—
r*7
!^
9 s® *
*2 6'
:
9%-
indicated in the following statement. For the conTeuience of the reader we also add a column which shows at a
ftlacce how the market closed on same days.
TRAK8IT.
iS
?i
c
week are
*AU» or SPOT AND
fe'
ti
c-
8%
IK
9%
9%
10%
2
12
12
8 '4
?(
'
6-oC»
*.
!
H*
;
S^.
8i5,e
^
1
10%
10% 10% 10%
MABKBT AND 8&LS9.
and future deliveries each day duiing the
'.'.'.'.'.'.
r.'.'.V.
I
11%
11%
11%
P%
9»i«
12% 12% 12% 12%
Toeaf Wed Tb. PM.
8%
U%
10%
I
\^
Sat.
9%
".'."
11%
11%
8%
9&I8
10%
10%
,
Mldlllil.lf...ll0'8
Good Mid..'ll%
8tr.<,MMh!|ll%
Pri.
10%
lx>w .M;.ld>,10ij
10>«
10%
fltr.I,'wiLdl!0i"]/10Iii, 10'1,«1 10<i„ H'li,, 1016,fl 101^16
Fair
i
S' 5
ss:
9.
a
«»o'
^
>.
.M SI
:
Wed
Frl.
i&M »"M
10% 10% 10%
10% 10% 10%
10% 10% 10%
9'8
.MOrd lO^
HI.r.
6%
9l,«
O'a
'1.I..1
Wed Tb.
Frt.
I
>-
51
<=l
1
1
Ci
1
>•
aiao:
1
....
>-"7
"^
*-.
I
I
iO-o
-^-O'^loOto KtoOta
:
-11
'
«>i:
1
0^0 co = o coeo
.
s
s
»-:
-j
*.
1
1
'
«S.'
;^»
I
n\
c
tc
1
? 99 < 9
2 -i~i
€- " .1
"
K
«
M S:
5,
10
CO
1
H-g-
,lpC,i
OOCo
— 0:
cc
8^9
8'e
s
»-i:
cc
Orrtln',-.^*
•?>:
1
!-''-«•-'
»1
1
CSoO |5?=^
^S^ 9~oo
=3
00*
ec:tCo(j
u — e—
c*. >00 J os sr 00 5
S5
<s» 2 tea 2
£S 8 C» 2 ^
c;*.
».«:
1
2
•r>7
ri<^i
00
«u:
1
6«- = 6 \llZ S^l: i:s.^KJ QD
10
f-— >
-f >.
>-M
<
2
1
«)I9'
•
6W
r-T
uti
^-j
1
•:-:
1
1
1
6?*
*>-
^ c*.
( -M
."1 ei!*
gl
«.o:
,-,-.
00
au'
t-.*.*-*
6 5:
GU
TEXAS.
1
1
M
1
-J3
ccSo
Sat. Ifflon.TDe'i
I
c^
!^
(TOO
2
ft
M
=w^
§iS.- ^ ».•-:
— «!**
in
To^lay the opening was weak, but there was rather more
activity at a slight decline, closing as com])are<l with last Fri«lny 8(<TH ]K>ints lower for this croj) and 4(«.6 jwints lower for
the ne.xt. CotUm on the spot has tjeeu very dull and prices
nominally without cliange, yet not without some increa.se
among holders anxious to reduce the large stocks accumulated here. To-day the close was quiet but steady at lO^c.
for middling uplands.
The total sales for forward delivery for the week are 23.'), 200
bale.s.
For immediate delivery the total saleH foot up this week
3,!^33 bale,s, including
for eiport, 1,312 for consampti on
1.721 for speculation and 500 in transiit. Ot the above, 25 bales
^ere to arrive. The following are the official quotations for
«ach day of the past week.
».*•
Of tfiOOO
va
00
r.
excess of estimates. Tlie
receding of the floods in the Ohio Valley ha.s permitted a
resumption of the overland movement by rail, which has jartially made {^rtwid a marked falling olf in receii)t« at New Orleans.
interior towns,
1
999?
ilnliirKs in
tlio siHM'ulntion for
show some
le
'«
""iSff
to
.
.
pd. to f.xcn. .1. w ..\i>rn ...r >Uiv.
'17 pd. to exch. 100 April for May.
•17 iMl. toexi-h. 10(1
;a) pd. toexch 3011
•12 pd toexch. 100 '
•32 pd. toezob. 500 M.ir. lor
>
"
ly.
ue.
.e.
June.
.
p
.
.
.
THE CHRONICLE.
304
V18IBLB SoppLY OF Cotton to-night, as made up by cable
is as follows.
The Contiaental stocts, as well as
those for Great Britain and the afloat, are this week's return?,
and consequently all the European figures are brought down
But to make the totals the complete
to Thursday evening.
figures for to-night (March 7), we add the item of exports from
the United States, including in it the exports of Friday only.
1881.
I8H4.
1882.
1SF3
868,000 731,000 728,000
bales. £99,000
Stookat Liverpool
Thb
&nd telegraph,
65,000
Stock at XiOndon
55,600
7-i,000
44,300
(.vou
the same towns have been 33,940 bales leas than the same week
last year, and since September 1 the receipts at all the towns
are 558,241 bales less than for the same time in 1882-83.
QnoTATioNa fob Middlino Cotton at Other Markets.— In
the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week.
CLOSI NO QUOTATIONS FOR MIDDLINO COTTON
Week ending
Mon.
Tae3.
IOI3
IQlfl
New Orleans.
lOifl
Mobile
1038
105,8
10>3
ID'S
1038
105,8
lOia
10>3
lOSg
105,8
10 O9
105,8
1038
11
Satur.
Total Great Britain
Stock at Hamonrg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at An twerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
,
.1,061.000 1,042.000
3.200
3.700
69.400
39,200
55,000
20.000
1.600
2,100
2,700
1,000
liS.OOO
216,000
5.000
4.400
53,000
58,000
12,000
8.700
4,500
6,000
rtoeli
Stock at Trieste
421,400
total continental stocks...
284,100
789,600
2,200
.38,900
20,000
312
772,300
1,400
150.000
3,080
884
131,000
5,300
29,400
36,900
1,080
43,500
6,700
4,033
5,000
25.100
3,000
3,700
270,125
241,361
Salveston
Savannah
Charleston.
3,263,695 3,285,732 3,048,021 ^014,742
Total visible supply
Ottlieabove,tlie totals of American and other descriptions areas foUor s'
AwKMean—
American afloat for Europe
United States stock
United States interior stocks..
United States exports to-day..
,
274,000
05.000
102,400
229.000
3S,000
276.000
74,000
94,100
196,000
40,000
199,000
55.600
104,123
317,000
50,000
176,000
44,300
53.S64
176,000
22,000
708,400
680,100
725,723
471,664
...2,555,295 2,605,632 2,322,296 2,513,078
3,263,695 3,283,732 3,048,021 3.014 742
supply
5'8l.
S'lgd.
e»Bl.
Price Mid. Upl., Liverpool
63i6il.
The importa into Continental porta this week have been
87.000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 22,037 bales as compared with the same date of 18f 3,
an inorease of 215,674 bales as compared with the corres
ponding date of 1882 and an inorease of 248,953 bales as compared with 1881.
Total visible
—
At thb Interior Towns the movement that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and tne same items for thf corre.sponding
period of 1882-83 is set out in detail in the following statement:
—
8t.
Llttle
i
Belma.
Total,
Rome,
OallaB.
Griffin,
Raleigh,
Houston,
Eufaula,
Petersburg,
Vicksburg,
Columbus,
Charlotte,
Newberry,
Hlireveport,
Augusta
Memphis..
old
1
Ga
Mo....
Tex*
Kj...
towns.
aa
Montgora'ry.Ala.
Ga
N.C....
Ala
Ga
N.
O....
Ga...
C.
..
M
i^O
Ct
to
oi'bicococn
cc»&.ai<i
rf*. qd to
a:
ifr- )(>. c: K) CD
03 o- tu -q
n>'
(fi.
VI
ci
to tF" 01 CO
CO
bo
ts
M
a
en
CO
M
a
01
0,
CO
Tenn.
Mlsa. La..
B.C..
Ark.
to
"w
z
.
Is
I
'0
Ga
Tex
Ala.
Miss..
Va..
1
Louis
M
M
MtO
CO
t
,-•
I-'
*.(C^3:c;ot"-ito
<>coQD^torf* oipcirf^cxpo^Jcitooo-q^
CC)
Ci
(UCnCCrfkCCtw.QOO'tDOiCOCtOCCh-'^lOH'Oi
ooto~itootoi-'*-n-'CiOiy"C^cot»yii(»-to
5r
s
c;i
1
to
CO
3
03
U
H
<0
CD
CO
00
M
en
50
"fcOWttO^J
'C)
to
ts
osc»-*iioooo*».
00
to
Oi
10
00
^^
M CD c; a M
^
WCO*'MtO*>K)
10
00
10
>-*
p C' -J H tC
00 to
CO
CO a> ^) « M —
^
a
^-i
w
COO'-COOiOt^
a to
rf^
w^coc;»eoh3
'tU
CO %-
to t3 o-
CO
01
w"^ to
*•
oi c- cs
i:j
if*>
c;"
03
1^ 1
,.»
00
00
M
(-•
Mbt
^COk-MtO
MH*
-
MfcO
^<j1^.V ^ Qcbb CJ to to KJ"^
C/T CO 0. CJi CO to 01 CD at 00 »&. t- to <I
-^I
l0l-'C0*Xi^O0SOatC;'O<lOQ0C0^--l*-C0
iP.
li
1
•s'
-.l^rf»,.Kicoio*.cocQDrocoAcoeoiooioo:
CO <i
**.
<j »-
c;>
M -J CO a _cc
tt)
CO j*^ OS **
1
I-'
o^o:(^--cowio»ur-KCOU'Coxoacicco
00"
ODCo&:i-'i-*ocotoo^<iOi-'co-jiS''C!'Oio
to
;:4
r-
ooo:^»-^t-'to
^
.^>=
^T*-*^
M MW CO c. -q xbV en or gd
hjac-vjtoaieiioo; co*JtocflOO;taco*icc^i
COOJ
^ to
CD -^ CO *4 to
OS 00
01 a CD
o.bb CO
1
(-'
CTi
CJD
^^
M
<J
-lO
Cp-tOtO*>r-*i.Klpp
i-'^J5*^tiOpOp*».p
CT'Q0b*-)''O— "luOl"*!'''"-'
CCCJiCDCo'ikWCCb
00
00
"^1
u
»p.i^cccooooo»c-<iio:j'C-. coixtcoi*Ci(*^Crf»030*'C;CC''OiWCOtO*»Cr'HCOCl
This year's flguros estimated.
The above totals show that the old interior stocks have decreased during the week 19,153 bales and are to-night 85,840
iMlea less than at the same period last year. The receipts at
*
11
io%a?i,
11
lok
lOM
10%
IOI4
10^
10%
10%
1C%
io4
10%
10%
10%
104
10%
10%
11
\0H9\
11
10S,j
11
1058®%
11
1014
10J4
lOH
10>4
106,8
lOli
10%
10%
10%
The
10%
10%
10%
10%
10%
10%
—
follovfing table is
Rboeifts feom THB PLANTATIONS.
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 stocks. We reach
therefore, a safer conclusion through a comparative statemeat
In reply to frequent inquiries we will add
like the following.
that these figures, of course, do not include overland receipts Of
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 ont-ports.
ire»k
tnditia—
Bectipte at the PorU.
St'* atlnttrior Tovmt. Rec'ptsfrom Flant'nt
•8l'-82.|'8S-'83. •S3-'S4. -dl-'t 2. '82 -W. '83-'84. '81-'82.;82-'83.|'83.'84.
1
Deo. ai
••
28
Jan. 4
11
•
206.855 258.i;oy7.TS3 457.034'S86.1.93'4aS,577 »1S.343 SJ5.63B261.0M
200.824|J5I.923'201,88<)|466.BS8 879.855 422.3I0|ai0.186 294,;85'200,«8
152,129 2ai,B97 140,8:2 453.H56, 3,-3,847, 407,l)74;i39.502,228,789;i2U.27a
Feb.
72.168
96,259,171,083
83,0cS 138,109
1
92,081 136.400 104.533 403.988 3t0,749 350,900
95.057 171,316'112.U0 310,019 317.523 899,754
74,024 119,182 74.718
81,090 188.090' 80,964
8
80.779
77,288 161.9291 94.308
".
15
"
22
29
"
90,245 433.050 380,218 389.898
("9,990 150,390 110,467 419.043 367.967 360,715
....
18
25
"
163,88.-, 11 1.481 380.526 S43,584i2f2,475
72,031 116 130| 105.921
372.454J328,706!888.009
60,160 134,448 05.018 36-2.430 321,434 254,450
51.980 135.321 76,487 343.072 308,417 227,265
58.747 134.8281 P8.72n 315.978 304.821 1205,477
Mch. 7
The
111,868,175,382
—
above statement shows
1.
That the
81,^
83.957 120,342
91.515
50,136 129,076
02,822 122,314
31.648 121.030
6'.,394
total receipts
49.8M
48.93
from the
plantations since September 1, 1883, were 4,578,645 bales; in
1882-83 were 5,314,676 bales; in 1881-32 were 4;387,783 bales.
2.
That, although the receipts at the out-ports the past week
were 68,720 bales, the actual movement from plantations waa
only 46,932 bales, the balance being taken from the stocks at th«
Last year the receipts from the plantations
interiof towns.
for the same week were 121,030 bales and for 1882 they were
31,648 bales.
Amocst of Cotton in Sioht March 7. In the table below
we give the receipts from plantations in another form, and
add to them the net overland movement to March 1, and
also the takingt by Southern spinners to the same date, go as to
give substantially the amount of cotton now in sight.
—
1882-83.
1881-82.
1880-91.
Tot. receipts from plantat'ns 4,578,045 5,314, 67t! 4,387,783 5,090,608
461,070 526,556 3T3,35.i 415,047
to March 1
135,000
155,000
190,000 300,001'
to Mch. 1
5,220.715 6.''41.232l4.896.l3S s.610.653
Total In sight March 7
he seen by the above that the decrease in amount in siKlit
to-nlfsht, as compared with last year. Is 811.517 bales, the increase as
compared with 1881-82 Is 333,5 77 bales, awl the decrease from 1880-81
Is 410,938 bales.
Weather Reports 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 Shrevei>i>rt are still very high, but at the
latter point the water is receding rapidly.
have had no rain during the week.
Galveston, Texas.
The thermometer has averaged 62, the
It is generally needed.
highest being 73 and the lowest 39.Indianola, Texas. There has been no rain all the week.
Fanners have plowed early and are well prepared, but i)lantiiig
The theris retarded by dry weather; rain is much needed.
mometer has averaged 63, ranging from 33 to 76.
It Will
Oi a< 00 ou to
OSt-"
1—
CO CobVo
b
cc CD
01 OS
MOl
01
10%
10%
10 4
105,8
Southern consumpt'u
coo tOMOiOi; tOOSOSCJOi too:o
ocsc:'tob<i<i1f^bt}M tobcob'cD'>f^o;b
CC^-CCC03C0Olcc^^co -tOOiCOC:--lii:tO
KJ^O-^OOlOtP^COCOO- tOOlf-C5C0C.OlCl
"Lt
cc
Oj
cs
CO
M
M
CO
^ © CO CO CO
10
CO
b>'coMVib»i«*-bb%to'iow"b'CDa»VcDioto
*4W CO IOC
CO OD #" -4
50
ti
It*
CO
to
03
M ^ CO to OD
W
toOO'tOCJiCDl-
p
03
b
to cc cc
00
to
utotcM
c;i *:.
.t^iOMMMMtO
M'^O^.rfi-'^O'C
tOtO**MGDCOtCOCDCO**CMaL.01UtCOO:01
i-»coM<iwayO
11
1038
1038
10%
10%
Netoverlaud
coS
1
CjCO
to
MtO
'^'I-'COCCl.CiC^COCOO
00
. .
Louisville....
105,8
10i«
lO'ia
Receipts at the ports to Meh. 7. 4,422,324 5,026,540 1,117,235 4,810,212
Interior stocks on March 7 In
15tf,321
288,136 270,548 280,394
excess of Septemher 1
c/i
ODC:co'Oift.tococo'-»e'.
'-J--
Cincinnati
10%
1058®^
11
1883-B4.
oi ci
xm
it
M
w ^ m w -0 00
to
1
^ c
'^oc'bV;c»5;'aDo;roV"brf>-co'bcr'f(i.'i*-ib«
CI H- CO CO to
1014
1014
1038
lOJa
..
107,8
FH.
lOia
107,8
—
PalcBtineTex....
Rock,
Tex
w
CoUimbUB,
Nashville,
Cinolunati,
Xx>uift,
&
Macon,
Atlanta,
Brenham.
Louisville,
11
10=8® 'W
u
ICa
ON—
Thurs.
2,555,295 2,605,632 2,322,296 2,513.078
...
iSto ..
552.000
188.000
597.000
897,561
285.017
23,500
103,6
1038
Wednes.
BB0EIPT8 PEOM PLANTATlONg.
Total American
Eatt Indian, Brazil, <te.—
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, diCiafloat
Total East India,
Total American
535,000
166,000
372,000
959,051
282.M45
7,300
692.000
190.000
533.000
899.109
275.023
11,200
725.000
322.000
407.000
895.112
1 89.183
17,000
Liverpool stock
Continental stocks
.
101>8
Wilmington..
lo^u
Norfolk
10%
11
Boston
Baltimore. .. 1058®%
PhUadelphla.
at.
1,488.400 1,326,100 1,059,725 1,013.664
Total European stocks
317.000
196.000
176,000
In lla cotton afloat tor £arope. 229,000
Amer'n oottoa afloat tor Eur'pe 407,000 538.000 372.000 597.000
50.000
22.000
40.000
38.000
Egypt,Braz;ll,&c..aflt forE'r'pe
959.051
897,561
899.409
Stock In United States ports .. 895,112
282,945
275.023
285,017
189.183
Stock In U. 8. interior towns.
23.500
11,200
7,300
17,000
United States exports to-day.
xxxvia
—
—We
—
Fale.<itine, Texas.— We have h.ad light showers on four
days of the week, the rainfall reaching forty hundredtlis of an
inch. The ground is in good condition, and plowing and other
crop preparations are active. The thei-mometer ha.s ranged
from 30 to 7.5. averaging 58.
New Orleans, Louisiana, It has rained on two days ol
the week, the rainfall reaching si.xteen hundredths of an inch.
The thermometer has averaged 63.
ahreveport, Louisiana.—The weather has been generally
hunfair during the week, the rainfall reaching thirty-seven
—
m
MARcn
THE CHRONICLE.
1684.]
8,
The
Light rain Uvdny,
nn inch.
ilrt'iHIm of
Tlui tlionuonieter
hi^h, 1ml fallinK rapidly.
»« to 7(<.
rivor i» Ktlll very
ranKcnl from
Um
Viokuburg, Miiis(.<iitippi.—'T\w early jNirt of tho week wiui
mill pli-iuiant, 1ml during tho latU>r jKirtion it ha-s Ikh-u
showery on throe days, tho rainfall reaehinn soventy-one linndrwltlis of an inch. The thermometer luw r,inKod from •,'« to
70.
Rainfall during tho month of Kehnjiry, 8ix inoliOM and
Koventv-tliree hundredths.
.".,;,,,„
\f,\y!.-^i,,/){.
TeloKTam not received.
jf.
,./>(.
Telegram not reeeived.
(,
il reiu'hed
ninetv-two hundredtlw of an
I.
inch, and llio theiiuoiiioter averugod 56, and ranged from 2tJ
(•U>ar
'
—
—
.
m
to
—
has mined on Uiree day» of the
rainfall reaching two inches and one hundredth.
Colinnbiis, ifiji.ti.isippi.
".
\\
!
,
tlh'
'
.
-
'
New Orleann r<?ported below high-water mark of 1871 until
Sept. 9, 1874, whfii thx lero of gauge wa« changed t<j high-water
mark of April 15 and 18, 1874, which Is 6-lOth.s of a foot above
1871. or 16 feet above low-water mark at that point.
—
Imou Cotfoh MoTucairr from all Pohn. W« bare re-arranged
oar India service no as to make oar report* more detailed and
at the same time more Mcnrate. We had found it impoasible
to keep ont of oar dgareii, a« cabled to as for the ports other
than Bombay, cargoes which proved only to be shipmf ots from
one India port to another. Tne plan now followt^d rnliHVfS as
from the danger of thin Inaccnracy and keeps the totals correct.
We ttrst give the Bombay statement for the week and year,
brinKing the flgores down to March 6.
UMBAT BBOKIPTS AND «Hirifaim FOB rODB TBABII.
It
rain.
Ii
'
—Telegrnm not received.
of the
—The early
\8hipmttiU thii week.
rear Oreai <7on((-|
\BrU'n.
;,y.
/
2:
.,,,'
'••••
j)art
week
wjis
but during the latter portion we have had
days, the rainfall reacliing two inches and fifteen
liiin li
Itlis.
\Vind anil rain storm now raging. The tlicr111. i.r ha« averaged lii. the highest iH'injJ (W
and the lowest
i)i
IS.
During tlie month of Feliniary the rainfall reached eight
hundredths.
inches and seventy-two
Fori Smith, Arkanstt)i,—Wi^ have had no rain during the
week, l)Ut there luivo l)een heavy fogs. Cotton is about played
out. Tlie thermometer hivs averaged 41, ranging from 10 to" 74.
Helena, Arkaiiswi. It has rained on four days of the week,
and the remainder of the week has been cloudy. The river
came to a stand yesterday within three inches of highest water
ever known it luvs since fallen two inclies. An overflow so
early will do no harm to cro[>s. unless we have another ri.se.
Average thermometer 39, highest 84 and lowest 30.
Montivello, Arkansas. Telegram not received.
Newport, Arkansas. The early part of the week was clear
and pleiusant, but during the latter portion we liavo luul rain, tlie
The weather
r.iiniall reaching thirty hundredths of an inch.
The thermomelia.-i l)een too cold: ice formed on three nights.
ter lia.«i averaged \Vt, ranging from 20 ta 50.
liave had rain on four days of the
Memphis, Tennessee.
week, the rainfall reaching one inch and forty-two hundredths.
It is now raining
There was snow and sleet on Tuesday.
hard. Tlio river is eleven inches above the danger liije and
very
bad condition. The therRoads are in a
stationary.
mometer lias r.inged from 21"r> to Gl. averaging 38. Weliad
during Febraary, and the
twenty
days
and
snow
on
rain
rainfall reached nine inches and sixty-four hundredths.
The
and
clear
|iie!i.siint,
min on two
—
nenl.
thermometer ranged from
18'o to 72-7 and averaged 47-9.
It has rained on four days of the
—
Jiashoille, Tennessee.
week, the niinfall reaching two inches and fifty-tni-ee hundredths. It has been too cold and wet no plowing has been
Rttelplt.
1.
\
Total.
Britain]
mrM
ThU
Oreat
l884 2t,O0r.
Jan.
Week.
1
000
1
1883:iU,0i>'
1882 37,00
1831
.
.
S.noi)
1
JLooi) ^ i.ooo
1-J.')0(i:
1
1
iiOO
iKN)
.
L'H-,000
(MMJ
According to the foregoing, Bombay appears to show a
decrease compared with last 7earia the weea's receipts of 18,000
bales, and .i decrease in shipments of 10,000 bales, and the
shipments since Janaary 1 show a decrease of 9.000 bales.
The movement at Calcutta, SLidras and other India ports
for the last reported week and since the Ist of Jaanary, for
"Other ports" cover Ceylon,
two years has baen as follows.
Taticorin. Karr.achee and Coconada.
Shipment* for the week..
Shipments nnee January
Great
Great
Oontinenl.
Britain.
—
— We
Shipment* nnet Jan.
|
Total.
r.",
;
—
3('5
Calcutta—
18S4
1833
\Iadra«—
1881
1883
All others—
1834
1883
,%,00i
Total.
2,000
7,0(10
2,000
2,000
1,009
1,000
2,000
Total.
33,000
41,000
14.000
8,000
47,000
49,000
7.000
4,000
800
7,000
4,800
10,000
4,000
2,000
10.000
6,000
50,000
49,000
14,000
10,800
64,000
...->•
2,0J0
Oonti)ient.
Britain.
1.
Total all—
1881
1883
8,000
2,000
The above
10.000
2,000
2,000
totals for the
week show
•59,300
movement from
more than same
the
t]iat
the ports other than Bombay Is 8,000 bales
week last year. For the whole of India, therefore, the total shipments since Janaary 1, 1884, and for the corresponding periods
of the tyo previous years, are as follows.
EXPORTS TO EUROPE FROM ALL INDIA.
;
done
planters are greatly behind.
highi'st 47 and Imvi'st 10.
;
Average thermometer
31,
—
Mobile, Alabama. It ha.s been showery on one day, the
one hundredth of an inch. The theniiometor
has averaged 54, the highest being 75 and the lowest 28.
Montgomery, Alabama. It luus been sliowery on two days
of the week, the rainfall reaching twelve hundre<lths of an
inch.
The thermometer has averaged 49'5.
—
—
8elmi. Alabama. We have had warm, sultry weather
during the week, with rain on four days, but the week closes
favoralde.
The rainfall reached twenty-five hundrodtlis of an
inch. The thermometer has ranged from 30 to 69, averaging 49.
February r.iinfall si.x inches and seventy-nine hundredtlis.
M'ldi'son, Florida, We have had no rain during the week.
._. thermometer 57, highest 79.' lowest 33.
\\.
Maron, Georgia. It has rained on three days of the week,
and is still donily. The thermometer has averaged 40. the
—
—
Uung 69 and the lowest 17.
Columbus, Georgia. We have had no rain during the
week. The thermometer has ranged from 26 to 69, averaghighest
—
ing 53,
—
Europe
Thit
week.
Jan.
45.000
10,000
55.000
from—
rainfall reaching
I
Bombay
All other ports.
Total
from 20 to 74, averaging 50.
Augusta, Georgia. The early part of the week was clear
and iilejisant, but we have liad heuvy general rain on four days
during the latter portion, the rainfall reaching ninety-live
hundredths of an inch. Corn planting is progressing and
fanners have commenced preparing the land for puttmg in
cotton.
Average thormonieter 47, highest 72 and low(>st 2-1.
Atlanta, Georgia. It has rained on three days of the week,
the rainfall reaching one inch and forty-four hundredths. The
theniiometor luts averaged .S7"6, the highest l)eing 69 and the
—
—
12.
—We
Charleston, South Carolina.
have had rain on two
days of tho week, tho rainfall reaching nineteen hundre<lth3 of
an inch. The thermometer has averagetl 48, ranging from 27
to 67.
March
Alexandria, Egypt,
1884.
and March
8.
March
Orleans
Heinplil«
Ka8hvlU()
Bhrevi'port."
Vlok^''iirif
Below hl(;h-water mark
Above low-water mark
rai. Ineh.
net IneK
1
....Above iBW-wutor
iii;iik
31
32
29
Above lnw-wat*\r
iiuirk
4.%
Above low-wator mark
3
•2
11
35
a
12
&
4
7
U
•-'4
11
43
11
53,000
2,000
297,000
59.800
45.000,
4,000,
353,000
95,700
3.52.000
57.000!
Sje.-iOO
49.000
448.700
1883-34.
5.
To Liverpool,.-..
ToOonUnent
Jan.
\.
1881-82
1882-83.
30,000
2,561.000
34 000
16.000
2,168,000
1
2,683.000
1
This
Since
week. Sept. I.
1
j
1
ThU atne*
week. Sept. 1.
1
....
Total Europe
3,000 210.000
4,000 100,000
2,0<'0|
7.000 310,000
8,000!274.00o'
a oaotar Is 98 lbs.
This statement shows that the
March 5 were 30,000 cantars and
6,000 20ti.000
tS.OOO
4,000 216,.^00
4.50O| 144.838
<
8,5O0|3(>1.338
'
•
7.000 bales.
reoelolts for
the week ending
snipments to
tbi^
—
all
Europe
Mahchsstbr Mabkit. Oar report reoeired from Manchester
give the prices
to-night states that the market is quiet.
of to-day below, and leave preTioua weeks' prices for comparison.
We
1883.
1884.
8>4 lb:
Shirtinge.
32* Oop.
Twill.
A.
•
•
18 8>s •
« 35 8>« «
Feb. 1
8 8H •
" 15 8>« 9
22 8>« •
" 2ti R>« •
Mob. 7l8'a 9
•'
^le^. 8, 'cS,
28S.OO0
64,000
1.
Bzporta (bale*)—
Jan. 4 8HI
6, '84.
Since
Jan.
1.
ThiM
Since
week. Sept. 1.
o'clook
1883.
Ueh.
Hew
named at 3
Thii
week.
week.
Receipts (cantars*)—
This week....
Binoe Sept. 1
—
6.
1882.
Since
—
Columbia, South Carolina. Telegram not received.
The folio wing statemeat we have aUo received by telegraph,
sltowiDg the height of the rivers at the pointa
ThU
Since
This last statement alfords a very interesting comparison ul the
total movement for the three years at all India ports.
Alexandbia Rborip{s and SHIPMBST8. Through arrangements
we have made with Messrs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
of cotton at Alexandria, Egypt. The following are the receipt
and shipmente for the past week and for the coiresponding week
of the previous two years.
savannah, Georgia. It lias rained on one day and tho
remainder of the week has l)een pleasant. The rainfall reached
nine hundredths of an inch. The thernjometer ha.s ranged
lowt*t
1883.
1881.
Shipmentt
to all
••
••
11 8>«
OoU'n
a.
d
7 •?
7 »7
5
10
«7
91a
9 5 10 97
5 5><»7
7 •?
7 •?
1
1
5i>ie
S>s
2>*
5»U
d.
9
9
a.
d.
6
!5
7
7-
1
2>»
3>t
»7, 2>9
•i
6't»7
219'
8i«
8S« Oop.
Hid.
Upllt
'
Iwiei,
d.
d.
A.
».
*.
9% 6
8\
5»is S^a • 9>4 6
4>)| •.
eV( 6
8* •
•
B'g
95t •
S\
•
5"l«'
0\.6
9ag6
9»»6
6'f
I
5'^l«| 8»»
5T,
I
ga^
Oatr
Uid.
a>i.
Shirtinffi.
94$
• 9V5
.
IV
•7
•7
•7
•7
•7
•7
_.
97
»7
• 9V4I5-10 »7
• 9'4'5 10 97
10
Vpl*
A.
A.
511,,
51I,«
7
6
5i>8
4>a
6
6
I
I
e
4««
3
3
5<
SHie
5111,
I
av
son
5».«
5»
It
.
THE CHRONICLE.
108
Overland Movement, &c., to March 1.—In our editorial
columns to-day will be fouud our regular statement of overland movement, receipts, exports, spiimers" takings, &c.,
brought down to March 1st.
New York Cotton Exchange.—A case has recently- been
Ijrought before the Arbitration Committee and also before the
Board of Appeal which concerns the non-resident members of
the Exchange in particular. As the number of sucli members
we deem
1882-83.
1883-34.
Total
York.
not inconsiderable,
XXXVni.
[Vol.
1881-32.
1880-81.
1879-9(}.
rot.Fb 29 4,353,604 4.g62,898i4,033,541 4,598,528
P,il9
14,.-)8S
Mcli.l.
11,S4(
20,473
*•
B.
21.22S
7,625
2.
12.465
" 3.
10,903
11,144
19,886
16,505
" 4.
6,913
ii.coe
8.
22.115
8.
8,443
26,85fi
21,006
5...
£2,876
13,495
S.
7.494
6...
28.943
8,582
18.193
16,130
the subject of sufficient import
to make room for an abstract of the decision,
Mr. Henry Koch, of Littledale & Co., of Liverpool, a member
of the New York Cotton Exchange, has presented a claim to
participate in the proceeds of the seat of J P. BlUujis, who
tailed in December. 1883. The claim arose out of sales made
by Liddk'dale & Co. of cotton consigned to them, and also of
sales of futures against that cotton by Littledale & Co. for
account of J. P. Bilhips & Co. The claim was disputed by two
other cretlitors of Billups & Co. Of five ai'bitrators four decided in favor of Littledale & Co., but this decision was opposed
by the fiftli arbitrator, who argued that Littledale & Co.,
having had sufficient cause for posting J. P. Bilhips & Co. as
unable to meet their obligations, and having omitted to do so,
liad thereby forfeited their claim. The Board of Appeal to whom
the case was then referred, witliout considermg the objection
of tlie appellants, unanimously reversed tlie award, because
the claim did not fall witliin tlie provision of Section 13 of the
by-laws, as none of the transactions out of which the claim
arose took place in the New York Cotton Excliange, or under
The language of
its rules, or in the New York cotton market.
the IStli section of the by-laws,' standing by itself, would doubtless seem broad enougli to cover the claim; but, after ((uotiiig
that section, it wa.s shown that it could not be considered as
Btandmg alone; tliat it was but a fraction of an elaborate and
cx)m|ireliensive code of by-laws wliich must be considered as a
•whole; that the charter of the corjioration designates among
the purposes for whicli the Ct>tton Excliange was formed, the
decrease of local risks attending upon the busines.s, and generallv the promotion of the cotton trade of tlie city of New
is
—
.
.
4,
1878-79.
!15.9-J0]3,836,564
16.279
12,171
12.432
10,056
13,401
9,829
10,547
8.
19,628
19.653
7,947
9,860
15.631
8.
4,422,324 4,937,764 4,087,468 4,720,040 4,li90,100 3,919,830
Percentage of total
port rec'pts Mcb. 7.
Note.— 13
;)S(i
82
80-35
86-59
8.5
68-1*
85-7-;
bales added to the total to February 39 as eor.cction
of previous receiiits.
.
,
Non-resident members, as well as resident members, are entitled to all the protection afforded by tlie by-laws, so far as
regards transactions entered into and carried out on this maiket; but neither residents in)r non-residents, if they choose to
deal in other markets and under different rules, could enforce
the claims they would thus acquire by a resort to the machinery of the Excliange.
To extend the provision of the by-laws to transactions entered
into and carried out in distant parts of tlie world, under different regulations and conditions from those existing liere, even
though tlie parties hap])ened to be membere of the Excliange,
"would be to extend the authority, jurisdiction ami i)Owers of
the Excliange beyond the limits authorized by its charter or
contemplated by its by-laws. The Board of Apijeal was therefore of the opinion that the claim presented by the respondent
ilid not fall within the provision of section 12 of the by-laws.
and that the award of the Arbitration Committee allowing the
claim should therefore be reversed. Fees to be paid by the
respondent.
Jute Butts, Baogino. &c.— There lias been a moderate
amount of business during tlie week, but the market is not
This statement shows that the receipts since Sept. 1 np to
to-night are now 5(55,410 bales less than they were to the sama
day of the month in 1883 and 334,85(5 bales more than they ware
add to the table
to the same day of the month in 1882.
the percentages of total port receipts which had been received to
March 7 in each of the years named.
We
Thb Exports of Cottos from New York this week show an
increase, as compared with last week, the total reaching 10,02o
Below we give our usual
bales, against 4,33S bales last week.
fable showing the exports of cotton from New York and their
direction, for each of the last four weeks ; also the to'al exports
and direction sioce September 1, 1883, and in the last column
tho.total for the same period of the previous year.
ExpoBTS OF Cotton (bales) from New "Vork sincb Sept. 1. \883.
Week ending—
Exported to—
Feb.
14.
Feb.
Feb.
21.
I
Total
since
0.
Sept. 1.1
•18.
Same
period
March
iprcdiUie
t/cur.
Liverpool
Other British ports.
10,925 12,351
3,373
8,236 259,371329.306
Total to Great Britain
10,925 12,351
3,373
8.235 270,719 332,73
17,34Sj
3,426
210
021
349
566
27,682
22,287
100
Total French
210
621
349
566
27,182
22,357
Bremen
672
lf,738
21.001
31,800
36.020
24.7S9
45.979
72,5^19 106,783
Havre
Other French ports. .
Hamburg
X'J't
Other
565
324
100
516
275
600
50
1,415
324
616
025
poi-ts
Total to North. Europe
Spain, Op'rto,Gihralt'r,&c
Ail other
Total Spain, Ac...
Sband Total
100
2U0
2,43!;
2,517
5.110
300
5,490
7,627
3,061
4,338 10,026 382,43'J 1469.534
32,550!l3,290
Thb Following abb the (Jboss Rbcbipps of Cotton at New
Tork, Boston, Philadelphia and Baltimore for the past week,
and since September
New
litcHpta
nia
from—
Orleans.
Texas
Savannah
.
Yoee.
Since
Sfpt. 1.
4,563,
174.446
1,1771
171,048
143,690
Philadelph'a
Boston.
This
week.
I
a,037
.
1883:
I
week.
New
1,
Since
Sept.
TIUs
week.
1.
Baltimori.
since
I
Sept.
1.
'
Thia
week.
Since
Sept.
1.
2,130|
60,185
11,205
00,509]
4,373
Tlie iutjuiry is still fi>r jobbing wants but in this way
active.
a fair amount of stock is being placed. Prices are unchanged,
and sellers are steady at 9!jC. for I'.J lbs., l()c. for 1 5*4 lbs.,
Butts have
10i!4'c. for 2 lbs. and fl'^c. for standard grades.
been in some demand for pajiei grades and siiles of 2,000 bales
are rejx>rted to an'ive. Tlie close is quiet, with paper grades
held at 2?,r(( 2i.^c. and bagging qualities at 2''4(L'2;t)C. Tlie
stock here is about 47,000 liales witli 181 ,000 bales afloat. The
sales for tlie past month foot uji 10,000 bales at 2i2@3-'-^c.,
mostly to arrive.
Mobile
CoMPARATiVB Port Rbckipts and Daily Crop Motbmbnt.—
comparison of the port movement by weeks is not accurate
as the weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement each month
since September 1, 1883, has been as follows.
Shippiso NBwa. The eiports ot cotton from the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
81,4139 bales.
are the same exports reported by telegraph, and published in
with regard to New York, we
the Cheoniclb last Friday,
Include the manifesto of all vessels cleared up to Thursday
aighi of this week:
A
,
FlorUIa
2
,.
So. Carolina..]
No. Carolina..
1,436
Virginia
5,4:2
5,S04
00,026
i.lBi
34,777
203,330
l.HiS
92,457
27
010
10
North'n ports|
Tonnessccibcl
ForalKo
H31,707
Last
iwa.031;
.
014
40,014
1,27'i
70,205
129,407
2,0i6
34,059
201
13,5W
ini
».'!.* 18
to:.
12
204
17.417
12,838
3,141
Tblsyear...! 17,7871
ye.ir..
0,603
7,375
4!i.210,
4,«17
304,102
1,550
0l,8J5
l-J.5no
srio.tu-i
T.sssi
iia.osu
2,57.'!
ITj.OOtf
ii,;!io.
2x,.m
—
Total batet.
New York—To
Liverpool, per stearaora Adi-latic, 1,917
Helvetia.
124
City of Kicliiiioiii, 1,314
Slriiis, 016
1,'J02... .Nevada. 50....Niuuida. '2,682
To Havre, per steamer France, 500
To Bremen, per .steamer Salier, 275
Lessing, 189 ...
To IfaiDlmrff, per steamers Bohemia, 411
To Antwerp, per steamer Khyiiliind. 50
To Barceioini, per steamer Bnrfjundia. 100
To Geuo.a, per steamer Vinceuza Florio, 20;1
New Orleans— To Liverpool, per steamers Catalan, 2,*'>o
Arizona,
Tear Beginning September
Monlhly
Beeeipis,
1883
1882.
313,812 326,656
Sept'mb'r
October. 1,016,092
980,584
Kovemli'r 1,030,380 1,094,607
Deoemb'i 1.059,033 1,112,536
January
487,729 752,927
February
335,93?
595, 59S
.
1881.
1880.
429,777 458,478
853,195 968,318
974,013 1,006,501
996,807 1,020,802
487,727 571,701
291,992 572,728
1.
1879.
1878.
333,643
888,492
942,272
956,464
647,140
447,918
288,848
689,264
779,237
893,664
618,727
566,824
Totalyear!4,353,604 4,802,898 4,033,541 4,593,528 4,215,929 3,836,564
Pero'tage of tot. pori
84-28
receipts Feb. 29...
85-45
86-27
8078
78 28
This Statement shows that up to Feb. 29 the receipts at the
ports this year were 5B-2,410 bales less than in 1882 and
320,003 bales more than at the same time in 1881. 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 movemeut
for the different years.
8,235
''66
27j>
•-
600
JO
'00
200
—
Milanese. 5,000. ...Oliveto, 5,105. ...Viudolana, 4,150....
Yacatau, 7,0^4
To Barcelona, ror steamer Apolo, 4,047
Zctiiro, 959
To Genoa, per barks Lino, 1,574
Mobile—To Liverpool, per b.ai'kKentieern, 2,676
Charleston- To Liverpool, per ship .loliu Bunyan, 4,168 Upland
....per bark Heroward. 2,702 rpliind
To Barcelona, perbaik Goethe,
Savannah— To
1,'200
24,189
-hi
^,'^.i'i
2,0(6
CS'O
l,-.oo
Upland
Liverpool, per steamer Serpho, 4,534
Upland
andlllSealsUinrt
To Bremen, per steamer Eglantine. 2,600 Upland
To BarcelDua, per steamer Ana de Sala, 3,950 Upland
BrnmGalveston— To Liverpool, per barks Cavalier, 2,254
—
adoon, 2,770
To Bremen, per sloamer Acton, 4,133
,3.383
Nr.wi-oIiT Nkw.s— To Liverpool, per
Baltimore— To Liverpool, pei' steamer Nessmore, '2,124
*'f.j^.
S'nRn
3, Jou
^
'.'"Vio
:v.'v'
;,'',
.'i
*.'-*
:
.
M.u,(
B
THE CHRONICLE.
1834.1
8,
rt
..
>STO!c— To XJTsrpool, par
Ti'Inl
Pftlt'ltlllC,
itMinan Iowa. 2,188..
bntf.
3,:U(1
1.
Viwlerlanit. 27A
KallH i>r Aftuii, 02
.!•
»*IIM
Han
1
'iTf)
pot aiilv UUw.tiia,
l.oii. loll,
ToUl
2.^7
Hl.lOU
..«
The psrtioaUra
o( these ehipmenU. arraQKed In oar Dsaiil
T,on-
ftoot.
8.J3.'5
doit.
Anl-
llatn-
it
Oiirji,
vctrp.
588
870
SO
Total,
0,S70
4.«44
-JOO
lO.OJO
4,017
2,533
a0.7(l;t
lutura.
2.t!70
Market,
13:30 P.M.
1.200
3,950
2.600
1,130
B,0M
8,070
11,H)8
fl.!;*!
3,J83
2,121
3,31G
3.393
2,121
3,31U
t:
27i
i.li'Ui'a
fittii
I'liil
27.'.
257
101
.
418
325 9,397 2.733 81.46»
2J7
S08 7,li05
clearaaces this week of vessels oarr^iai;
Uaited States ports, brinKiuK oar data down to the
Total... GO.OSO
we add the
If^lnw
"
111
s:
-Ki r
Miii.h
1
.
i:.
.
^
l.ivi>ri>ool—
Marrli
1— Steamer
I
3—H:irl: l,iain, 1,504.
l.tvnrpoul— Kill). 2J— Sleiiinora Eiipanol, 2,500;
. .Maroli 3— Stoamor Nellie, 3,43 1.
-Sloaiucr Hmiiljor. 3.038.
l-Slilp Aniikla, 4,320; bark Emilia T., 2.250....
)il) kiii>uirii. 3.S02.
— .Mari'li I —Barks Amfirlca. 2,23 J; Omi!, 2,777.
-Marcli 1— Burk ValoJttra, 700. ...March 3— Hark
1.11
.
1'
1
I
1
:
•
I
I
,Ic.,~ri.,
Moiiii.i:
'.Mill.
.,i::i .<:i.
I
3-Bark Brothers and
! >,.l-.Mar<'h
.)r l.!\.
1
1
Sisters. 2,130.
s»v.vsNvii-Kor Kv.il -.March'l-IiarUs Fylgia, 2,110; Nellie Mooay,
•J. 77:.
.March ti-Bark Pallas,
I'..:
i.uslail:— Marcli 1— Bark Hum, 1,0.")0.
Fur ILucolona— .Marcli 1— HrlK Orion. 1,61 J.
CUABiJisroN— I'or Liverpixil— Fel). 2il— Steamer Earl of Lonsdale, 3,8315
March 1--Barka James Keuway, 1,050; Ossuua, 2,355...
- Birk Nfttiiii', ',4114.
M .1-.
iirch I— Bark Tliemis, 1.761.
r
r--.March 1-Bark Khoa, 1,-:00.
1,
.1- March 3— BriK C'amila I. de Tossn, 210.
Basii.s-K.ir l.uirpiml— Feb. 28— .Steamer Venetian, 1,394.... March 1—
10.030
2,000
R.ilOO
1,000
10,000
1.030
11.000
2,000
10.000
2.000
Qnlst.
BMadlsr.
QaiRt
but
nrm.
nrm.
Siesdr.
Firm.
nna.
Firm,
Stsadr:
Btaadj.
Dnll
bat an.
clianKod.
The opening, highest, lowest and elostng t>nces of f atares at
Liverpool for each day of the week ar>< (fiven below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
CfTAe priect are giten in pence and Ot<A«, (Aim.- 5 62 mtani 5 62- e4rf.
afidaOZmeant
3.64d.
Mch.
eat.,
OpmHtgh
4.
d.
March
c:5 5SS
SSO
SCO 6 03
Ma7.Jnne
Jane-Julr.. 80} 6 05
Jal7-AaK... «ca 608
AaK,-3epl.. SIS ew
llar..Apr...
Aprtl-May.. 5 60
.
Bepl.-Oot...
...
Oct .-Nov....
....
Tmau, Mch,
Mob., Alch. 3.
1.
..
d.
d.
....
....
d.
6 01
4.
.
.,
Deo.. Ian....
.•*
• ,.,
....
....
4.
4.
Clot.
Oi>«n
d.
d.
Higk Low.
d.
d.
Cltm.
d
....
652 653 ssa
858 6 58 506
5 62 ^83 5 8«
603 603 803
8 07 807 8 0i
559 SS8
560 560
800 800
6 01
608 608
tin 6 IS
....
.
Jan..Fot>..
.
Open BigK Uyw.
Lavi. Cto».
810 6
....
.
.
1,
9,000
1,5G0
{
Raaers,
-.Miifli
:
Market,
5 p.m.
Hll; rroBrcM. 1,335.
1
N..«
BtMdr.
•tsadf.
Uaiiicsiuore, 3,018....
I... ..,!,: s-l.\,l). 2i)— Burk IVItz Siuitll, 1,.515.
M;nili 1— riiirks Amiln Torrey, 2,300; Jaoob
1
rirnsr.
K.>ni-8verrp, 1.532.
l!:irk
;i
I'.ir (' .:l..
Stsadr.
Bpeo.*ekp.
100
'J.«7tf
Ban
BtMdr.
1
aalea
Karetlonn. Otnoa.
Havrt.
2l.lS;t
1
IVMto*.
BtMdr.
I
13:30 P.M.
Widrui. fkurMTy.
hia.Orrus
Brrmrn
Littr-
^
Saturday Monday. Ttutday.
tpoL
Market,
\lld Upl'd.'
<orin, are aa follows:
V
\
l!tl
trorelgii)
;:.'j7
The tone of the LiVHrpool market for spots and fotONS Mflh
day of the week endinj( M.iroli 7. and tae daily eloitag
of spot eotton, have been at follows.
(fcn--
1
T»
807
553
6SS 554
SS8
663
SOS 803
807 80;
5 50 588
6 63 |863
803
807
....
....
....
10
8 10
810
....
....
....
....
••
....
....
....
....
....
....
....
....
....
....
....
....
....
....
558
S5S
583
803
807
654
558
683
803
607
....
«...
....
....
.,.,
....
1
Wednea., Mch. 5.
Thnra., Mck. 8.
Fri.,
Mch. r.
I
,
;
i
I
ii.'taufTcn,
.
.1 run— For Liverpool— March 3— Steamer Pennsylvania, 2,089
....March 4 Steamer British Crown, 2,800.
AU
—
Below
give all news received to dite of disasters to vessels
carrying eotton from Dnited States ports, &c.
<'ii!N linr*. Rteam^r <nr I, Jcnkiii', from Galveston for Liverpool, pnt
i'i:i!i,
Feb. 20, witli mieh '.ry disabled. She resumed
"U the 27th, havlnjf rejiaircil.
',1'
(Br.), whicli went aslioio Nov. 30 last, on Islind of
.s
^ 1. .Mi.le on a voyuKo fioui t'harloston to Kevul, was gut off
:i>iil tiikeii into Keval harbor Feb. 20.
hhii. (l!r.), Thomas from New Orleann, Feb. 6, with 3,725 bales
iif
I'll..
and 2,100 pieces staves Tor Liverpool, stranded on the
ker.i olf the west end of Bermuda, Feb. 28.
She afterwards
off without a<sl«t»n,'C anl pat into Bermuda.
She Is
ysi
'
II
i
;
1
d.
.
d.
March
d.
:
Mar..Apr... 5 53
April-May.. S58
d.
d.
1
d.
5 55
5 53
....
....
....
....
....
....
....
....
d.
d.
Open Hi»»)row.
Ctoi.
d.
d.
d.
....
....
d.
....
5 53 '6 51
5 511' 1558
«»8| 5 61
eusi 6 03
5S9 596
Hay-June.. 563 563 563
Jsne-July.. eos 603 6 03
Jaly-Ang... «o: 607 8 07 607
Aa«..Sept. 6U «U 611 611
Bert.-Oct...
Oct.-N0T....
Not.- Dec...
Oec.-Jan....
Jan.-Feb....
Op«> Bigh Low.
Cto».
....
.
Ml
i'liii
Op«i Hith IA»0.
.
.^leamrrs Bavarian,
yorsonian,
I'.AiTiM II! :. -For I.ivorpool— .Marcli 3— Steamer Oranmore, 2.107.
'u n —Fob. 'Jit— Sleamor America, 2,339. . . .March C- Steamer
1
5S5 S54
5 59 558
5 63 588
803 603
607 807 8 07
811 eia 811
.....
...
5531
55»
563
803
807
813
....
5 51
554
538 5 53 5 57
563 5-63 5 62
6 03 OOi 302
5 57
5 54
5 31
6 07 6 07 8 07
810 8 10 810
8C» 609 809
582
608
807
810
SOS
,...
....
.,..
....
....
....
,,,.
.,.,
....
,..,
....
....
...'.
....
...
....
....
....
....
....
...
...
....
....
....
....
....
.
"*^"
II
the i.articulais h.id not
iL.!,!. iiiir
II.
,it
.
-
\',
t
I
.
lieeii
ascertained
oil
!
L«
i
V
1
-
I
Cotton freights the past #eek have been as follows:
Satur.
Hon.
•a*
>8*
e*
V
H'
'8*
....
....
....
....
....
....
%•
*8*
%•
%
.._
Uverpool.stesm d.
8aU...d.
Do
V
-.-.
...•
....
..>•
.e.
'=«38-
"»3'
l»M'
"aa*
....
"aa
all freely,
generally steady. The winter wheat grades have the preference, and tiiese are still in only moderate supply. Spring wheat
flour on the other hand is plentiful and, in the existing dulness of trade, is more or less nominal in value. Usually spring
wheat 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 has sold but moderately on spsculation, and the ex^
e.
....
....
..••
....
....
,--.
»l<,'-
"w'
'it*
»!••
port trade, though showing
"t."
"is'
reached a comparatively unimportant aggregate. The fluctuations in prices have been within rather narrow limits but the
tendency has been downward. There has been some decrease
in the visible supply in this country and the quantity on the way
to Europe is smaller by l,3iO,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 bo cited, and tho 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 slowness of the export trade here is not that the New York quotations are much, if at all, above the parity of those current
in England and on the Continent, but that the quality of much
of the wheat is so low that exporters purchase it with e.xtreina
caution. To-day there was a moderate trado at a fractional
advance. Th^ advices in regard to tho winter wheat are, as a
sail
8all...e.
..».
...
-•
....
....
Amat'd'm, Bteam.e.
"33*
•Sja*
"ss*
"aa*
>»33*
1330*
....
....
....
....
....
Do
Ball...e
Keval, steam
Do
d.
sail
....
e.
Baroelona,«team.e.
lenoa. Hte.'im
e.
im
ViWV
V
V
»„•
...e.
:ej»m..e.
•
•
'5c»»V »'«4*V »»€t»V i5ei»V "«»'«•
f
!
"aa
Fri.
Flour has not sold at
tmbnrK, steam, e.
Do
'
Wedna. Thurt.
e.
e.
sail
Bremen, Btesm.
II
Tittt.
%•
Havre, steam
Do
FRIDAT. P. M., March 7. 1884.
but has, nevertheless, been
I
,
Do
BREADSTUFFS.
the 29th.
:'M\e to be discharged.
N^KS, bark, before reimrted. Advices from Liverlib ii. 1. that til bales were hinded on Feb. 1.'), and that
I'"'
i.:i'.
\\ jsiii.il out by i-eceiit liish
tides and ff.iles are beiiiK
Immlred and iiiui'teeu bales were sent from Preston
to Ll. rp... I. t.y Mill, on the lUth.
HEN-
V
s..'
•6.M-
....
V
»s»%"
a*
»a»««-
•sav
«a'
>»•
•a-
>a*
•a*
««'
»,*•
»i«'
»,.*
t,.'
»a»V
"«•
'
....
....
>««»•
Com;.rfts»e<l.
—
LiVBRPHit,.
By cable from Liverpool, we have the following
Htatement of the week's sales, stocks, &o., at that port.
.aid previous weeks for comparison.
We
Feb.
Bales'f
Of
Of
R\W'^
bales.
1j
"ers
.-\;i
F.i-v.-p '.!..!
:
,
•
.nated
I
"
(ji
an— f>tlra'd
eweok
'Can
..:
..
.^
....
................
..............
ilU'.'.Il
Aetna! e.:port
An
took
.iiators took..
V
lean
15
52.1)00
2.t;co
3.300
41,500
7,401
22,.'»00
S98.000
(!.'.
1.00(1
107.01 JO
!> 1,000
Feb. 23.
Feb. 29.
J/cA
7.
60,000
5.200
1.660
38,000
7,000
25,000
967,000
B,CO:j
6,230
37,000
978.000
9:);) .000
(.^4.0<K
706,'>()0
7.!.>.00C
l-..0iV
75,00«
6,00(1
S.iWO
57,000
60,000
5,000
4.000
4^000
2:..'ioo
117.000
102.000
'.)J,Ol/0
41.5,00C>
8:5.000
42.5,000
37t,OOtl
3.; '..odo
314.000
32«,OflO
27O,00<
2.^0 )00
1
H
1,(J(.MJ
a
slight increase at times,
has
No. 2 re<i closcfl at $1 11 in elevator, $1 O'X
March, «H 09^s for April, $1 ll>i for May and ;f 1 I'i's for
June, showing a decline for the week of }io. to Ic. in options,
rule, favorable.
for
.
.
.
THE CHRONICLE.
308
thou,?h the closing price in elevator
week
.
higher than that of a
is
ago.
Indian corn has been dull for export, but somewhat more
active latterly on speculation. Prices have declined, however,
in sympathy with the depression in wheat and lower prices at
Chicago. The receipts there have increased, owing to the fact
that the condition of the country roads has been greatly improved by the cold weather of late. It is also claimed that some
of the larger holders in Cliicago have sold out. Yesterday the
depression there was described as almost panicky, owing to
large sales by speculators anxious to realize. To-day there
[Vol.
Week
Flour,
endinp— Obit.
Moh. 1. 131,311
Oom,
ITAeot,
bush.
263,642
289.657
172,017
188,633
Fob. 23. 158.388
Fob. 16. 152,660
Fob.
9. 131,011
Oal;
bush.
1,485,611
1,477,685
1.179,3)7
1,585,240
XXXVin.
Barley,
bush.
Ryt,
bush.
b-ush.
822,402
929,685
631,027
91,757
99.864
103.373
I57.iej
351,.843
31,831
52,751
27, .578
32,790
T0I..4W. 577,000
913,94') 6.027,823 2.831,957
452,457 1419^0
4w'k9 83. 701,670 1,572,323 7,174 013 2.^20,010 1.131,270; 159,653
The receipts of Hour and grain at the seaboard porttt for the
week ended Mar. 1 follow:
flmir.
Al—
obis.
Sew York
81.937
Boston
Portland
Montreal
58.4.'i5
Piilladelphla...
16,211
Wheal,
bush.
Oom,
50,000
4,200
191,015
185.1S9
137,850
13,635
28,500
170,857
450
10,87.5
10,229
Oats,
Barley,
%e.
bush.
buth.
bush.
20!;,oao 109.000 22,544
bush.
95,030 28,355
2.900
lO.OOO
4,506
63.750 36,200
47,000
428
500
28,851
183,919
JO.til I
was a moderate business here at a slight advance. No. 3 Fa'timore
2.775
New Orleans
17,853
88,913
33,795
77,977
mixed closed at 63c. delivered, Gl^^c, for March, 62c. for
Total week... 227.413
276,212 831.636 433.745 178.061104.224
April, 63c. for May and 63"'gC. for .June, showing a decline for
Cor week '83.. 243,798 1,107,941 3,125,103 411,423 171,436 20.114
the week of J^c. to Ic.
The total receipts at the same ports for the period from
Rye and barley have sold slowly at no marked change in Dec. 24, 1883, to Mar. 1 1834, compare as follows for foor
.
.
Oats have been quiet at slowly declining prices; No.
prices.
mixed closed at 40o for March, ^J^sC. for' April,
May and 41J^c. for June, showing a decline of )^c.
41 '^c. for
2
to Ic. dur-
ing the week.
The following are
closing q notations
No. 2 spring...* lil}l. $2 209
2 408
No. 2 winter
Superflne
2 80»
Spring wheat extras.. 3 50a
Minu. cleariind stra't 4 003
Winter slilpp'g extras. 3 409
2 50
3 00
3 40
family brands
470a 6 50
South'u slLlp'g extras. 3 65 3 5 50
Rye floiu-, 8uperrtne..3 lOa 3 75
4 75
5 80
3 60
Corn meal-
and
Winter
clear
Btraight
Patents, spring
Patents, winter
10a 5 50
City shipping 6xtras*5
Southorn bakers- and
&o
Western,
3
00» 3 30
3o» 3 45
3
09®
3
Brandywlne, Ao
4 00® 6 25
90 Buckwheat flour.
5 503
5 50 a 7 10
100 lbs
I
3 50
QKAIK.
Wheatr-
90
8pring,per bash.
Spring No. 2
No. 2
White
White No.
»110
SI 07
al 13
90 al 13
9,'i
1
1
Corn— West, mixad
West. mix. No. 2.
White SmiMiern..
YeUow Southorn.
09
58
«2
59
Whlt«
61
59
61
Western white...
Western Yellow
.
The movement
10
91 10
a 62 !«
63
State,
two-rowed
a 70
8t,it",
six-rowed
a 63
a 70
® 65
76
a
.
. .
Buckwheat
62
75
85
89.5J4
Milwaukee..
Toledo
74.874
a
®
17,170,633
30,561,113
18,116.042
24.863,241
The exports from the several seaboar.i ports for week enditg
Mar. 1. 1884. are shown in tbe annexed statement;
Exports
from —
Bbls.
New York
70.947
7,176
10,375
Boston. ..
Portland.
8'me time
1833.
'82
Cam.
OatB.
2,24(1
117,'iBO
141.701
Barley.
517,037
17,600
3,579
30,676
13,370
288,544
874.735
152,033
8.310
195,081
221,840
451,980
1881
Bue.
105.120
15,287
98,801
•
..
2,407
12,199
163,815
8
96,782
477,026
639,219
1,569
170.190
f.90.7.SO
2,080.172
2,203
The destination of these exports
U9,072|
645.0S9
3,092,024
1,615,613
1.451.444
8,457,274
988.7S7
7.100
431 936
708,370
20.479
4,300
10.907
20,0.0
888,73i)
248,271
501,841
158,347
53.274
132,614
20,988
5,734 489
56,881.472
74,364.470
40.041,773
53.319.921
31,904.756
14,157.814
12.02^.892
8.848,969
69.760.613
5,033.043
31,9oO.!-5S
17,003,324
22,333.318
10,119,510
3,168,773
The comparative shipments
biub.
Oom
....
RjB
Total grain
.
Below are the
3,128.736
of
floar
and grain from the
to Mar. 1, 1834, inclasive,
for
1882-83.
1,937,537
1881-82.
1,413,193
1880-81.
1.535,219
2.921,141
13,342,305
5,860,101
1,325,945
433,666
3.770,294
15,503,075
6,291.434
2,438,523
380,167
2,242,913
12,807,279
5.517.697
2,667,219
405,357
4,760.841
1,238,933
429,963
23,8?3,158
28.333,493
23,149,155
16,643,467
1,12.1.909
7.546,'i37
shipments from Western lake and river
ports for four years:
1884.
Tfeek
Mch.
Floor....
bbls.
Wheat
Com....
Oats
Barley
Bje
Total
bash.
.>...
15,G3»
16.325
We
as below,
is
add
the
Oom.
3.
53.111
4,992
14,401
10,558
5,074
& C.Am
W. Indies
Total...
1.
U7,537
1883.
1882.
Week
Week
itch. 3.
Uch. 4,
163,980
219,238
263.042
231,545
1,359,513
1,863,218
784,931
194,273
803,569
281,936
314,738
98,033
66,5.32
39,994,
775,772
91,757
31,831
2,522,31,')
3,292,570
1,386,304
The rail and lake shipments from same ports for
weeks were:
Mar.
Bbls.
Bbls.
Un.King.
Contiu'ni
646
96,732
170,196
1.
Bu.'>h.
199.452
277,574
125.720
6.238
12,370
20,360
3,721
1,787
1881,
WevU
^far. 5.
139.813
207,297
8 32,140
368,920
H8.478
37,512
1,564,359
last
four
1833.
Week.
1881.
Week.
Week,
Var. 3.
1.
1881.
Week,
Mar.
Bush.
390,414
293,192
125
4,997
203,900
20,-.032
118.57!)
3:i,US
10,3:7
400
1.
2lnr. 3.
Bush.
ftuih.
298.1.53 1,820,030
11.899
5,625
1,003
"2,602,
477,02e
1883,
Week,
.Var. 3.
4,3tj5
639,219 2,088,172
690,730
this week's movement to our previous totals we
following statement of exports since September 1, this
season and last season.
By adding
have
th-i
Wheat.
1383^.
1882-83.
1883.84'.
lo-
Sevt. 1.
Sept. 1 to
Sept. I tn
Sfpt. 1 to
illar.
an. Kingdom
Continent
1,
9.* C.Am...
West Indies.
351,841
Corn.
1S83-S3.
Sept.
Mar.
1 to
1883-84.
1882-83.
Sept. 1 to
Sept. 1 to
Mar.
3.
1
ilar.
8.
Bush.
Bush.
BasK
3,804.037
14.179.879
24,797.811
15,283,519
12,010,978
855,015
9,304,233
20,001,819
4,587,629
l,r,ii:.,.-Ti
831
88.8-13
1,013.337
26,678
8.010
5,57-
40,528
7,808
203.405
232.489
97.231
111,988
83..52.'J.S0S
4.'">.l:l9-23.j
21,32.5.113
18,341
4.119.0)3
5.S93.nfC>
Brit. Col 'Dies
0th. countr'p
I.
Ba^b.
897.127
601,851
811,787
24,175
436,026
331,862
TntBl ....
Mar.
Mnr. 3
BMs.
2.789,e69
21 7,5 '4
. .
.
r-
t.H
2i2,:i7-i
0-,70S
Rl,!»l
1
i.'?-j;.wi
supply ot gram, comprising the stocks in jfrauary
at the principal points of accamulation at lake, and seaboard
ports, and in transit by rail and water. Mar. 1, 1884, was as
visiDle
follows:
In store at—
1883-84.
1,572,764
rail
1883.
1884.
Week,
Mar.
rue
same pons from Bee. 24, 1SS3,
four years, show as follows:
Wteat
72,679
Wheal.
Flour.
meek
to—
Flour.
(J.23»197
bbls.
4,527
oorrespondiug period of last year for comparison:
2,300
8,862
report.
Floor
Bush.
11,108
61,20.1
90
SlnceAug.l1883
1882
1,561
40,007
Bbl'.
258.305i
149,519
Feas.
Bush.
72,679
Bush.
8,160
121
22,000
'83
Bush.
210.697
20.431
129,850
Bush.
431,612
Rye.
Oats.
......
40'4
Biuh.SHIbs Biuh32lbs »iMh.481/«Bu»h.56tt,,
1,187
1,840
Oom.
Wheat.
Flour.
Brit. Col's
Oth.o'nt'i'
1,362,694
30,301
3,979,005
1,0,17,14 4
....
Sxportstinte
Tot.wk.'84
Ctaa
Barley
344,206
Total gralt
Total w'k.
.
....
Same wk.
Same wk.
No
10 1,043
7,937.354
Exports
133.313
129,990
82.115
Dnluth
*
3SS573
for
Wheat.
Flour.
Ohicafco
Louis
Peoria
Rye...
of breadstuHs to
BbU.imt> BMh.e01bii
8t.
11.57!».n3a
44
a
-(80-31.
5.015,014
7,566,720
4,023,203
1,115,062
78'a
88
84
65
78
I
2,315,777
3,112.163
9.067,501
3,171,615
1,433,743
bosh.
41
46 12
for each of the last three years:
Detroit
ClevelanS'.
Wheat
1881-82.
2.111,203
13S2-33.
2,8S3,60l
Corn
Oats
Barley
Baltim're
V.Orl'ns
market is indicated in the
statements below, prepared by as from the figures of the New
York Produce Exchange. We first give the receipts at Western
Lake and River ports, arranged so as to praseat the comparative movement for the week ending Mar. 1 and since Aug. 1
BecHrti o(—
188^-81.
2,154.671
bbls.
ontreal.
Phlladel..
a
9
«
No. 2 ml-Ted
a
No. 2 white
43 %»
Barlev —No. 1 Canada. 87 a
No. 2 Canada
83 9
®l
3
70
74
39
43
Oats— Mixed
1 10
.
Floor
.V!
Rye—Western
State & Canada
1 0(>
Bed winter,
Bed winter
years:
New York
Do afioAt
<est.)
Wheat,
hush.
4,323,085
Oom,
77,000
20,500
10.000
10.000
200
149,441
1,008,828
6,073.394 1,607,282
., 12,798,775
852,863 101.765
Do afloat
91,200
2,062
17)447
Milwaukee
3.015.639
...
DiUuth
2.667,474
42,830
1,174188
2,534.003
loledo
158,841
45,558
676,145
Detroit
140.000
160,000
Oswego (est.)
1,186,467 2,170.492 22i'672
Hr. Louis
38,724
63,559
127,300
Oinoinuatl (23d)..
397,123 121,290
184
Boston
182,041
Toronto
2504
14,946
230.874
Montreal
98.092
111,767
592,008
Philadelphia
169,369 139,812
5,519
Peoria
47,100
47,700
12.3,100
Indianapolis
322,146
28,455
414,135
Kajisas City
2.650
335.810
585,581
Baltimore
46.630
126.128
Down Mississippi.
775,772
263.642 1,359,513
Onrall
Albany
Buflalo
Obiua);n
Tot. Mch. 1, '84.
Tot. Feb. 23. '84.
Tot.
lot.
Barley,
hush.
Oats,
buih.
bvjih.
1,600,371 2,143,697
Bye,
bush.
82.240
271,268
11,000
126.000
14..i00
101,000
8,717
231.916
245.748 1,770.661
652,726
27,355
770
401
7.534
230.000
20,066
45,783
21,476
177,621
15,535
ii'.boo
66,713
13,al7
1.076
69
31.948
116
oi'fos
19.000
14,311
4,819
9i',757
31.881
U.917 2,240,060
31,073^900 15.351,501 .W7.393
14,407.901 5.524,558 2,261.193 •-.31/,JJ»
2.2
31,471,951
1.332,0TO
Mch. 3.'83. 23,332.37! 13.615.641 4.119.411 1.916.4/ 2
Meh. 4.'82. 18 118.519 14.2')0,319 2,28i,24l 2.313,360 l.i^<>-"??9
;,63a
Tot. Sluh.
3, '81.
24,336,235 15,662,753 3,409,454 3,863,123
>0„
Mahcb
8,
«
1
_
1
THE CHRONIC 'LE.
1^4.
309
THE DRY GOODS TRADE.
FBIKAT, P. M., Murcli
The
wi'ok
pftttt
neotion by the
and
on the
f»ir orders
for
this con-
in
in the
Aside from clothing woolens
demand
lbR4.
improved ilomnml for
were placed
who appeared
clotliintf trade,
considerable force.
very light
develope«l an
lioa
tuon'»-wettr woolViis,
7,
market la
tliero
wa« a
domestic fabrics by whoksale buyera
5
C'QO
Oi *.
1,007
1,503
o
664 413
caw
a pretty good distribution of staple cotton
spot, but
goods, white goods, indigo-blue prints,
wash
fabrics, dress
was made by agents on account
1
M
orders.
vaileil at
times there was increased activity in the jobbing
>
both foreign and domestic goods by the principal jobbers.
have determined to pursue a cautious hand-to-mouth policy
for the present, but a fairly
all textile fabrics
goml spring trade
is
fTI
0-V9
2S
1
has become evident that both wholesale and retail buyers
— MtOO<#»
iou
good business was done in
kO
^ » 01 Oi
X
U V Ci Iw w
•-» Cfi CK/ ''O
aii>'-K.t3
a
'.0
U09
!
K.CS
I
other destinations.
and
sjualler
There was a freer movement in
*. w"
W
"-•
M
and colored cottons from the hands of
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 steady
CO
some
>.
3
00
ia
I
cote -J
ox
tOJ.o»ia)
-,
eto
*. cc *• Cl to
^5
K
>
5
3>''e'
IS
~z
:!' >
at? H
r
<=
w
-.^
'^
•-^^a—f
§
O-liC-ios
tOWC3fc-l
tO-i-- —
u
Cf C^
ff^;
..
^
" X
COOO
OiC«
— ^tc
«V®Viio
O' to 10
^
^
1
> 2 *
^
••
©cati>-a5
coM^-M
QOC_>-fOO_
^
3
10
to 3;
C3
?
«
u #-
:j'
o K- et T- on
is
:.)
to
10
^ u
©a MCCtO'^
o c. a pu -J
A
3
•^
55
H
«
M
e:ov<ioo
.to.
09
00
rc
(the late advance having been lost in
^%
too
oic
Cgu
all
descriptions of plain
w
t
been only 1,110 packages, of which 439 were sent to Great
Britain, 374 to Brazil, 103 to Mexico, 91 to Hiyti,
99
OC*-J
CO
«
CD
f£i(-XM»0
QDffiOl^CO
I
it.O<UC3C>
^
S"
«13JtO-
<-)
0(0
MS.-'
that a liberal
lots to
s
C u
«
•jr
a
w
r*
anticipated,
—
1 r
fSOCC —
i
»<ots-iu
10
S 1^
3
n K
C7t
t3
being so cheap at current quotations
demand for consumption is pretty well assured
DoMKSTio Cotton Goods. The export movement in cotton
goods was comparatively light, the week's shipments having
^
4t
•-•
nearly
-a.
C:'*»-j'-^
and back
fiiirly
-9
o
of recent
branches of the trade, and a
w«?»v;
i
CO-q
1^00
to
In spite of the stormy weather whicli pre-
goods, hosiery, &c.,
M * -^
-ll-CJtilU
u
to
^ » W fO
ct
c;>
w
wtoaci
C^
00
I-
I i.1
r.'
1
s
^1
-IT-C*
ti.:*.^^
-1
w
CK
^
•
1
instances), but the
most desirable plain and colored cottons remain firm, and the
best brands of
by agents.
Ms and
wide sheetings and white goods are
stiffly
Kecelpia or l^eadliiK Articles of Domestic Produce.
held
Print cloths have further declined to 3%c. for 64x
for oCxCOs, the dulness of tlio print market and
the consequent lack of demand having contributed to this
3c.
The following
New York
table,
based upon daily reports made to tie
Produce Exchange, shows the receipts of leading
articles of domestic produce in New York for the week endin ;
Ginghams, wash fabrics, wide prints, printed lawns with Tuesday last (corresponding with the week for exports),
and piques were severally active with jobbers, and in moderate
also the receipts froom Jan. 1, 1884, to that day, and for the.
demand at agents' hands. Fancy prints were very ijuiet with
corresponding
period in 1883:
agents, but a good business was done in indigo-blues, and
furnitures, greys and shirtings were in fair request.
Week ending Since Jan. 1, Same time
Domestic Woolen Goods. There was a large influx of
itar. 4.
1S81.
latt year.
wholesale clothiers from Western and near-by markets, and
AsUes
bW8.
fli
S.J3
their jiresence has given an impetus to the demand for heavy
1,231
Beuna
bbU,
1,123
8,766
15,120
c!o['ii!ii» woolens, as all-wool and cotton-warp cassimeres,
Breudstiiffa—
'
result.
—
wor^ii ds, overcoatings, satinets, &c.
Orders for fabrics of
the above descriiitions were placed to an important amount,
but buyers manifested a good deal of caution, and ^there was
an utter absence of speculation in their operations. Prices
for men's- wear woolens are so low that the best and most
Flour,
wheat
Com meal
AVTieat
Kye..._
Corn
Oata
78,953
87«.nsi
4,tJtfo
51.000
28,164
197,491
30,6.18
i,orj.9.?7
buftli.
bush.
bush.
bush.
Barley
Peas
Cottou
Cotton seed oU.
Flax seed
Grass seod
Hides
18'J,7H'.'
172.281
'Z.bM
15,I&9
2,587
176.198
2,686,608
1.414.808
1,373,001
^i.\nn
1,363,802
19,704
3,371,908
107,986
4.642.444
1,816.745
1,0.")8,0S2
10..I08
45,94»
303,695
16,293
20.388
."1.622
42,171
9j^.656
36,i;il
biUcs.
bales.
3,262
1.551
1,873
31,572
11,215
sides.
44,00.5
I'lgs.
bulc8.
bbls.
makes are receiTing 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 first Hides
Hops
hands, but more active with jobbers. Ladies' cloths, Jersey Leather
'.•'"I
cloths and cloakiugs were in moderate request, and a very
fair business wa-s done in worsted dress fabrics while a slight
improvement in the demand for heavy shirts and drawers was
Xurpt-u t iiie, <!rude
reliable
bbla.
bbls.
bimh.
bush.
bags.
baas.
So.
232,11(19
!t,!)'U
15,568
11.SS3
ob.Kil
124,673
103,498
527.530
1U.62X.
1)15
24,041
29",i85
.1.357
hlidi
bbls.
;
—
FoREios Dry Goods. There was only a moderate movein 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 seasons at a 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.
ment
Staple dress goods ruled quiet, but fair sales of desirable fancies
were reported. White goods, laces, embroideries, hosiery and
fabric gloves were in fair retiuest, but linen goods continued
sluggish,
and
and a
light tradu
was dono
in meu's-wear
woolens
ladies' cloths.
The Importations of dry goods at this port for the
ending Maroh 6, 1884. and since January 1, and the same
for the oorrespoading periods of
*720
9,451
11.410
bbls.
bbls.
bbls.
3,2A7
51,324
43.168'
..-,..
125
Oil
PkKs.
4,915
78,.'i0l
Oil, lar.I
Oil, wliiile.
.bbls.
Tar
Pitch
cake
188vi,
are as (ollows:
w-iak
fatta
742
4,Si;l
740
3,460
821
73.933
1,57a
Kiills.
foauuts
Provlsioug—
jaxs.
4,159
23,290
17;853
Porlc
pliKs-
1,543
Beef
pkgs.
pkf^.
pkK8-
24.501
0,818
11,439
14,637
1
33.330
8,070
236.687
l.->8.4b.>
176,00.1
pk)5»,
10.96.^
160.7.'.S
bills.
25,703
0.240
81.3.JS
114,770
89,372
5li,li!<7
uin
77.85fi
;/j.i>i9
2.-.,!03
57,!«1
23,427
17,201
30,463
2,6:8
Cutnioats...
Butter
Chee.so
Egire
Litrd
Liuxt
tos. ..V^bbls.
kc»r8.
Hogs, dressed
Rk-e
Spelter
Stcarlne
Bnpir
Importatlona of Dry Goods,
992
Bi>irlt8... bbls.
Turpenliue,
Kosiu
reported in exceptional cases.
759
bbls.
.Sinrnr
r.iliiiw
l'>K>aeco
Ti»t»a4'eo.
Whiskey
Wool
boxes
«fe
648
66.3S15
No.
2..^^7
pKi;.'.
1.012
It..-'
slabs.
3.1:33
pliKSbbls.
blids.
\<Vk».
772
2I,'.5i
3.<.15
cities.
libds.
bbls.
bales.
56
1,7J2
3,i»J
1.3119
;
9
».6
f03
^t'.
7,68i
9,839
24,757
1
H,6U
9,528
v.i i 7
49.1,61
4I1..'V04
540
8,717
7.9sa
:
:
;
THE CHRONICLE.
310
[Vol.
XXXVUI.
'gxnst (S'OmpKnUs,
FIBElilTY
& CASUALTY CO.,
NEW
YORK.
No. 179 BROADWAY,
Bunks, Railroads and Express Companies. Managers. Secretaries, and Clerks of Public Companies. Institutions and Commercial firms, can obtain
The Union Trust
BOIVDS OF SCKETTfSHlP
from tbis Company
moderate charges.
of
OonrtB of the State of
New
at
this
The bonds
Company
are accepted by
York.
CASUAI/TY DEPARTMENT.
Ul RECTORS:
David Dow«..
A.S.Barnes.
J.S.T. Stranahan, H. A. Hurlbut,
A. U.
Hull,
J.
Geo.
G. Low,
Charles Dennis,
Alex. Mitchell,
Vermllye. 8. B. Chittenden
D
Wm.
Coe,
P.
W.
M.
Htchardi».
Ftonds of Suretyship.
NO OTBEB
BUSINESS.
The Guarantee
Co.
Cash Capital
Cash Assets
fSOO.OOO
400.000
214,000
Deposit with Insurance Department
President
T ice- President
HON. JAS. FEKRIEK.
BtBL ALEX. T. GALT.
Uanaglng Director
:
Edward Rawungs,
NEW YORK
No. ITS
Burglar-Proof Safes and Boxes (having chrome
annum,
in their
Fire and Burglar-Proof Vaults,
protected by improved time locks.
Wills kept in Vaults without charge.
Bonds and !-tock9. Plate and all valuables securely
kept, underguarantee, at moderate charges.
Car trusts and other approved securities for sale.
Money received on deposit at interest.
HlKjTER CLYMBR, V.-Pres't.
MAHL.ON S. STOKK-. Treasurer* Secretary.
D. K. PATTERSON, Trust Officer.
Pres'(.
Directors.—James Long, Alfred S. Gillett, Allison
White, Chas. P. Turner, M. U.. William S Price, John
T. Monroe, Jos. I. Keefe, Thos. R. P.itton, W. J.
Nead, Jas. S. Martin, D. Hayes Agnew, M. D.,
H. H. Houston, John G. Reading, Thcodor C.
Engel, Jacob Naylor, Samuel Kiddle, Robert Patterson, PHii.AUELrniA; George W. Relly, M. ]).,
Haukisuurg; J. Simpson Africa, HUNTlXGiiox
Iliester Clymer, Henry S. Eckert, Hkading; Edmund
It.
E. Monaghan. WFST
8. Doty, MlFFLl.N'TOWN
CHESTER W. W. H. Davis. DOYLESTOW.V; Chas. W.
;
t'ooper.
BROADWAY.
Secretary.
Directors.— Joseph W. Drexel, A.
Nbw York
Company.
steel doors) to rent at ^o to #00 per
new and elegant chrome steel.
L
Hopkins. II. Victor Newoomb, John Paton, Daniel
Torrance. Edw. F. Winslow. Enistus Wiman.
Allextown.
Mills BmldlDg, 35 Wall St.,
UP
United
New York.
States Trust Co.
THOMAS HiLLnoUSB, President
FREDERIC D. TAPPEN. Vice-President
--
Capital,
$2,000,000
3,518,036
Surplus,
Tb!s company
Is
a legal depository for moneys paid
authorized to act as guardian or
Into court, jind Is
receiver of estates.
INTEREST ALLOWED ON DEPOSITS,
wbich may be maJe 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.
Bliecutors, administrators, or trustees of estates,
and females unaccustomed to the transaction of business, as well as religious and benevolent institutions,
will find this company a convenient depository for
A. STEWAIIT, President.
money.
WALTER J.
TRUSTEES:
W. W. Phelps,
Dan. H. Arnold. James Low,
Thomas Slocomb,
Charles E.
Wilson
Wm
Bill,
D. Willis James,
Chittenden.
JobnU.iilioadeB
S. B.
Anson
P. Stokes,
Itobt. B. Minturn
Hunt, John J. Astor,
John A. Stewart, Geo. II. Warren,
Macy,
S.M.Buckingham: George Bliss,
Cisco,
C;.
11.
John J.
II. E. Lawrence, William Libbey,
Isaac N. Phelps, John C. Brown,
George T. Adee, Eraatus Corning, Edward Cooper.
Samuel Sloan,
L. THORNELL, Secretary.
LOUIS O. HAMPTON. Assistant. Seffl-ptnr^.
Clinton Gilbert,
Daniel D. Lord,
HENRY
The Brooklyn
Cor. of
Montague & Clinton
Trust Co.
sts.
THE PURCHASE AND SALE OF
on the Chicago Board of Trade, for cash or futur*
delivery, a specialty.
Special Information, indicating course of market*,
freely furnished upon request.
ministrator.
It can act as agent In the sale or management cf
real estate, collect interest or dividends, receive
r^istry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable institutions, and personk
unaccustomed to the transaction of business, will
find this Company a safe and convenient depository
fformoney.
W. CORL1E3, Vice-Prea't.
EDMUND
TRUSTEES:
P. Rolfe,
H. F. KnowltoD,
Josiah O. Low,
Alex. McCue,
H. E.
Henry K.Sheldon.
John T. Martin.
Edm'd W. Coriies
Pierre^ont, A. A. I<ow,
Alex. M. White, Mich'l Chauncey, Fred. Cromwell,
Wm. II. Male.
Henry Sanger,
C. D. Wood,
WM. II. MALE, Secretary.
JAH. K. ChrRAN. Assistant Secret-arv.
the;
Provident Life &Trust Co
OF PHII.AI>ELPmA.
NEW
YORK.
Cor. of Leonard Street.
Receives for s.lfe-keeping, UNDER GUARANTEE,
Bonds, Deeds, Wills and other valuable papers; Silverware. Jewelry, Paintings, Silk Goods, Old Businesi
Accounts, &c.
To
48
returnable on de-
mand, or on which interest is allowed, and are empowered bylaw to act as EXECUTORS, ADMINISTRA-
TORS, TRUSTEES. GUARDIANS. ASSIGNEES.
COMMITTEES. RECEIVERS, AGENTS, etc., for
the faithful performance of which thoir capital and
surplus fund furnish ample security.
All trust funds and Investments are kept separate
assets of the company.
and apart from the
The Income
CO.,'
Chaunckv Stbtoi,
BOSTON.
AGKNTS fob
Fabyan &
Bliss,
Co.,
New York, Boston, Philadelphia,
BELLING AGENTS FOR LEADING BRANDS
BROTVN & BliEACHED SHIRTINGS
PRINTS, DENIMS, TICKS, DOCKS,
OFFICES TO
Companies
IiET.
in tenants, an opportunity is
on long lease and favorable terms,
the entire suite of fine oflices, comprising the whole
lower floor of the
SMITH BUILiDING,
and 17 Cortlandt
Immediate possession
if
©ommcvcial
Street.
4C.
Towelm, <lailt8,\Vlilte Goods & Hosier j
Drills, Sheelinas,
for Export Trait.
<ec..
CARPETS,
OIL CLOTHS, MATTINGS, LINOLEUM, ETC.
and
Office
271
&.
Slilp
Furnlsblug Specially
Desired.
273 Canal
Street,
New
CO.,
York.
Near Broadway (through to 31 Howard
St.)
OFFICE
CARPETS.
HOUSEKEEPERS AND OCCUPANTS OF OFFICES tttke notice. Before buying your caroels,
Linoleum, Oilcloths, or Mattings, call at BKNDALL'S
Mistlt Carpet Store, 114 Fulton St., basement floor.
Cheapest place
In
New
York
ESTABLISHED 1855.
EUGENE B. COLE, Successor
&
8ears
to
Cole,
STATIONER AND PUINTBR,
to change
Supplies Banks, Bankers, Stock Brokers and Corporations with complete outfits of Account Books
and Stationery.
IJ^^ New concerns organizing will have their orders promptly executed.
Wo. 1 >VIL,1.IAM STREET,
(HANOVER SaVARE.)
desired.
®at;xTs.
SAMUEL BUDD.
Fine Custom Shirts our Specialty.
Over Twenty Years' experience warthe
rants
of parties residing ahroud carefully
Ollwrf.ed and duly remitted.
SASl'L R. SHIPLEY. President.
ASA. S. WlN'r, Vice-President and Actuary.
ff ISTAK BIlO^ViV.CbaiiiBaan Finance Committee.
assertion
that
our
JOSEPH CI LLOTTS
STEEL PENS
SotoBr ALL DEALERSThroughdutThe WORLO
OOLD MEDAL PAR IS EXPOSITlON-iaTa.
Dress
JitjeamsMvB.
Shirts are unequaled for style, appear-
ance
and workmanship.
antee in
all
We
cases a perfect
guar-
24tli Street,
Direct Line to
Heyr York.
Brinckerhoff, Turner
&
ON El
fit.
SAMUEL, BVDD,
Broadway &
$1,000,000
§12,338,472 26.
INSURE LIVES, GRANT ANNUITIES, RECEIVE MONEY ON
DEPOSIT,
15
Ocean Mills Co., Atlantic Cotton miUs,
Peabody mills. Chleopee Mfg. Co.,
^Vlilte Mfg. Co.,
Uertou New Mills,
Saratoga Victory Mfg. Co.,
Hosiery and Yarn jnUU.
aflforded to obtain,
13, 15
SATVYER &
E. K. MtJDGE,
45 White Street,
NEW YORK.
4
IMPORTANT
(CHARTEIt PERPETUAL.)
ASSETS
from $10 to $200 per year.
Lai*ge Corporations or
Owing
Motley,
SUCCESSORS TO
THEO. W. BAILEY &
Safe Deposit & Storage Co
346 & 348 Broadway,
Incorporated Third Mo., 22d, 1863.
CAPITAIi
Secretary.
jc
to rent
&
Toy, Lincoln
Brooklyn, N. Y.
This Company is authorized by special charter to
act as receiver, trustee, guardian, executor or ad-
John
BRITTIN,
^af gcposit CfPomyanijes.
MANHATTAN
Sales
JOHN
WILTilAM II. MAOV. Vice-President.
JAMES S. CLAUK, Second Vice-Pres't
^
CRAIN AKD PROVISIONS,
CAPIXAI., $1.000«000«
act as fiscal or transfer agent, or tntstee for corporatlona and accept and execute any legal trusts from
persons or corporationi on as favorable terms a«
other similar companies.
OF KEW YORK,
No. 49 WAJLIa SXREIET.
Iia Salle Street,
CHAMBER OF COMMERCE),
CHICAGO.
Designated as a legal Depository by order of Supreme Court. Receive deposits of money on interest,
'gxnst (S^ovxpyraUs.
Co.,
AND SHEETINGS,
Metropolitan Trust Co.,
PAIJD
125
(ADJOINING
in-
;
OFFICE:
TOMPKINS,
D. J.
and remits
Talies charge of property
terest and income promptly, and aischarges faithfully the duties of every trust known to the law.
All trust assets kept separate from those of the
;
&
COMMISSIOIV MEKCHANTS,
PHIIiADELPHIA.
collects
Everingham
L.
(Established 1865.)
$1,000,000
Authorized Capital
500,000
Paia-up Capital
Charter Perpetual.
Acts as Kiecutor. Administrator, Assignee, Receiver, Guardian, Attorney. Agent, Trustee and Committee, alone or in connection with an individual
JAS. LONG.
OF NORTH AMERICA.
Co.,
CHESTNUT STREET,
018
appointee.
Policies issued acainst accidents causing death or
totally disabling injuries.
Full intormatiou as to details, rates. &c.. can DC
obtained at head oflice. orof Company's A gents.
Wm. M. KicnARDf. Presi. jobn' m. cramc, uec'y.
ROB'T J. HiT.LAP. Ass't Secretary.
Geo. T. nope,
G.G.Williams.
AND
oil
Officials of
Co.,
France.
GENERAL TRANSATLANTIC CO.
YORK and HAVRE,
Between NEfV
Pier (new) 42 North River foot of Morton StTravelers by this line avoid both transit by ISnglien
Railway and the discomforts of crosslna the Channel
From
In a small boat.
„ „
.«
.
.Wed., ,Mar. 12, 5 A. M.
LABUADOK. Collier
W A.M.
l.AUUKNT. De Jousselin.Wed.. Mar.
Wed., Mar. ao.a .M.
CANADA. I>c Kersabiec
Havre-
Manufacturers and Dealers In
III.
ST.
1
COTTON SAILDUCK
And all
kinds of
CANVAS. FBLTING DUCK, CAR
CO VBRINQ, BAGGING, RAVENS DUCK, SAIL
TWINES, &C., "ONTARIO" SEAMLESS
COTTON
BAGS, "AWNING STRIPES.
Also, Aj^ents
UNITED STATES BrNTING
A full supply, all Widths and Colors, always
No. 109 Duane Street.
CO.
In stock
PRICE ol? PASSAGE— (including wine): To
First cabin, tlOO and 180; second cabin, teo; steerKeage, *aa— Including wine, bedding and utensils.
tum tickets at verv reduced rates. Chocks on Banqua
TraneatlantiQue, Ilavre and Paris, In amountsto salt.
Special Train
from Havre
to Pari*.
The Compagnie (Jenefale Transatlantiqno delivers
Irom
at Its offloe in New York special train tickets aris
to 1
Uavre to Paris. Bukk-jko checked through
passengera
provided
at
Havre,
without eTiimlnation
have the same delivered at the Company s l)ockin
St.
Now fork. Pier 42 Norlh River, toot of Morton
steamer
atleaat two hours before the rtepiirture of a
LOUIS DE BEUIAN, Asent,
No. 6 Bowllns Green,
•
MAitni 3
CIIIIONICLH
TIU']
1884.)
TH
!IuB\t vnucc.
lusuvntijce.
The United
OFKICK OP THE
ATLANTIC
& nut
202
3<tl,
T.
von Gundell & MayhofF>
COTTON BROKERS,
IIKOSNAN.
II.
No*.
IN IMOO)
Kroadirar,
New
2*4 SrONE
COTTON BUYEBa,
mBBIPHIS, TBVriV.
FOALEiuii, Hoc'r. A. WuKKt-wniDirr, Asi't See
llio.
II.
Ut'uroRi). Actuurr.
act uf tlio I.eiilslature of lhi> 8tnte this Company's charter was no aniontlttd In 1H83 I hat horoafter
II tho
NEW YORK, January 34. 18S4.
iii!':iny, HUbiiilt tliu
t;
<>:
foUowlni,- Stfttemi-ut
3Ut Do'vinber,
MarlLO Hbk8 from
iin ail.iir8 oil llie
Preiuliiiiis
itii
$4,168,953 10
1S83
Prcinliinia on Policies not marked
cffUlJamiary, 1S83
1,539,232 53
Tolul Marino PronilunM
Premiums marked
off
fl5,708,185 63
from lat
January, 1883, to 31st December.
18:3
Losses
$4,260,423 93
during the same
ral'l
Premiums and Ex-
of
penses
$850,Oi<0 76
The Company has the following As&ots,
United BtHtee
York Stock.
t\iid
Stuto of
City,
1,956,
Real Kktute and Claims due the
Company, estimated at
Premium Notes and'BlIU Rc-
'i25,(
celvaule
Cosh
lu
OO 00
OO 00
],5S8,'«G 79
OF
CO.
&
50 WILLIAJI STREET,
ASSETS*
United States Securities
the Issue of 1S79 will be redeemed
the holders thereof, or their leg. 1
on and after Tuesday, the B"ifth of Fctnext, from which date all Interest thereon
will cease. The ecrtlllcntcs to be produced at
.
.
.
.'.
.
.
.
the tlmo of
payment and canceled.
A DIVIDEND OF FORTY PER CENT
(314.10S 00
No. 47
H8,4i0 80
order of the Board.
Jl.
W. IKVINO OMKS. President.
BEN-ur D. Kixo. Sec. W.m.nwiiicht Il.vniiit: v.. p.
This Company Issues C'ortifliaitegof Insurance,
ty
losses payable In l.oNDOX, at Us Bankers. Measi's.
Ko. 123
TSVSTEES.
O. Jones,
Charles DennlH,
W. H. U. Moore.
Charles H. RiUiSeU.
J.
1
Adoljilt
I.cmoync,
Robt. B. .Mintiini.
James Ix)w.
Charles 11. Marifhall,
David Lane,
John Elliott,
Gordon W. Burnham* James O. De Forest,
A. A. Raven,
Wm.
1
Horace Gray,
Edmund W. Corlles,
Sturgls,
Benjamin H. Field.
Joslub O. I,ow,
William E. Dodge,
Royal Phelps,
C. A. Hand,
John D. Hewlett,
William II. Webb,
Charles P. Burdett,
Charles D. Leverlcli,
William Bryce,
William II. Fojtg,
Thoma,-! B. Coddingtou,
Horace K. Thurbcr,
William Degroot,
John
Biker,
N. Denton Smith,
U
George Bliss,
William 11. Macy.
JOHN D. JO.VES, President.
CHARLES DENNIS, Vice-President.
MOORE, 2d Vice-President,
A BAVEN, Sd. Vice-President
W. H. n.
.'
Hew
&
New
ST.,
NEW YOKkI
York.
Co., William
& Co.
H. Beede
COTTON BROKERS,
No 114 PEARL STREET.
COTIOnf BROKERS,
PRAKL STKEET. NEW VOKK
JKO. V. TCIJ.IS.
PEARL
for fntnro delivery of Cotton execnted la
York and Liverpool ; also for Grain and Pu>-
rl.lons In
136
Bless,
• Orders
©ottoti.
H. CIIAPnAN, Secretary.
&
nERciiAXTS,
cominissioN
CO.
Geo. Copeland
BROADWAY.
Gwathmey
1
BROW
WN. BHIPLKY *
Co.,
Liberal advances made on cotton eonslgnmentjr.
Special attention given to orders for contract* for
Cstiare deUverr of cotton In New York and Uverpocd.
(739.001 00
1SS4
&
COMMISSION MERCHANTS,
Is
declared on the net earned premiums of the
Company, for the year ending 3l6t December,
1883, for.whieh certillcatcs will be Lssucd db
and after Tuesday, the Sixth of May next.
By
I.
Jones,
NEW YORK.
Sawyer, Wallace
In
Total Assets. January
&
STREET,
NORFOLK. VA.
tives,
mary
yOKK.
EUHE, FARKAR & PRICE,
Banks
885,007 IS
Premium Note.-*, Cash l^icmlums. Reinsurance and other Claims
73,553 05
and Cash
33 Broad Street,
Liberal advances made on cotton ccrsl)3rnn:eata.
Special attention elven to orders for contmctii f or
future dellTery of cotton.
NEW YORK.
Bank ?l<«k» of New Vork Clt» Banks.
City and other St<»cks and Bonds, Loans
&
Farrar
132 FEAUI.
INSrR.VNCK COMPANY,
57
Brothers,
NEW
COMMERCIAL MUTUAL
..
of
and paid to
representa-
Noa. 81
$101,148,248 25
AND IMiAMO INSITKANCE
JOBS M. KWXH.
Ewen
14, 1842.
KIARINIS
VA.
COTTON BROKERS,
Kates Lower than other Companies'.
$12,97 .'.312 47
THE OUTSTANDING CERTIFICATES
WAIUIZS EWIN, JK.
JSSl'£S EYEUT DESCJtJrTlOX OF
LIFHd- UNDO WMENT POLICIES
-
TORK,
AND NOKFOLK,
Special attention given to the execution of
orders lor tho purchase and salo of Cotton, tirain
and Trovlslons f,>r future deilTorir. Liberal adriinces
made on consiimmcnts.
President.
ORGANIZED APRIL
OLD SLIP,
12
A'jSir
YORK.
WINSTON,
-
the outstandinjtcertilieatesorprolitswlllbepald to the lioldcrg llicreof, or their legal representatives, on
and after Tuesday, the Fifth of February next.
NO.
MUTUAL NEWLIFE
Assets,
SIX PF;R CENT INTEREST on
Rountree & Co.,
commssiox inierciiants,
tW
335,710 08
Bank
Amount
1883.
THE
Bank and
othcrnhe
BKLMA, ALA.; MONTOOMERY. ALA.
Barera of Cotton for a Commission. Orders for Vu
tnre Contracts execnted m Neir rork and LIrerpool
Insurance Written. ...tSSOO.OOO 00 (6.281.000 00
16.WO.000 00 IKWirt.ftisi oo
Assets
8,lin.m4-18 6,i!IW.L'H!lrt
Payments to pollcy-hoUlors •l.'iw.BTU 4U
i7:y,V£S us
Increase In new business written In 1H83 over 1*2,
b7 per cent.
GOOD AGENT8, dcilrlng to represent tho Company, are Invited to address J. S. QAb'VUKY,
SuperlDtendenC uf Aconcles. at Home Office.
F. S.
93 00
A.VU
Homo omce.
1883.
Co.,
S
COTTON COMMISSION MERCHANTS,
No. 18 ^Villlam Street, New York.
Insumnco In force
INSURANCE
viz.:
Incontestable
as soon an satisfactory
New
Sew
otherStocks
$.5,666
l«an8 S( cured by Stocks and
UAN KEB
Absolute security, combined with the larKcst liberality, assures tlto [H.putarlty and success of this Co.
All forms of Tuutliio I'ollcica Issued.
COMl-AHISO.V or Bi:SIXIt88 FOB TWO VEAIIS.
$1,901,042 38
licrlo<l
Bctums
pa|<t at r>neo
proofs aro rocolvod at the
iBt Jiiniiiiry, '.883, to 3let I)eceuilicr,
All Policies henceforth Isaned arc
for anjr aiuso after threo years.
Death Claims
1U83:
&
John C. Graham
belong to the policy-holders ex-
proflls Btmll
cluslvelr.
Trusli'CB. In CDnfoniiily to tlio CI artpr of
& nAYIIOFF,
YO!V Cii;.\'DELI.
ProMilcnl.
NEW YORK.
STllBin*.
York.
By an
Ill
roAiiLn matmoww
4
((>lt«iA.S'l/.KD
Mutual Insurance Co.
ouKniu.
Ai.rnsD T<n(
States Life
Insurance Co.
THK ITV OF NEW YORK,
I.\
c. P.
i£>0ttan.
Special attention given to orders for the bUTtas
sqilmii o f Cotton roR KUTCKg UEi.iTgaY-
ana
n. itAMPuir.
Tullis & Co., J amesF.Wenman&Co.,
J no. W.
COTTON BUYEIifl,
CO-ITON BKOKiKb,
No. 146 Pearl Street, near Wall, N. r,
EVFAULA, ALARAHIA.
EstabllsLed
(In
Dennis Perkins
&
lgtisc«Jlattcous.
COrrON BUOKEia,
125 Pearl Street, New York.
BAGGING.
Orders for Spot Cotton and I'utnres promptl
•lecuted.
WARREN, JONES &
F. Hoffmann,
COTTON BROKBB AND AQENT,
88 ni7B DB LA BOCBflB, HAVRK
Wm.
Manofactorere* Agents for the sale of Jute Baggtng.
JiLPOBTSSa OF
IRON COTTON TIES.
Felix Alexander,
Bullard
AUGUSTA, OBORUIA
&
Wheeler,
119 niAIDEN LANE,
NKW
Enure ttteatlon glrea to porchuse of COTTON TO
OKDBli for Si-tNNKIiS and BXP0KTEK3
YOBK.
BAGOING AND IRON
•"
(FOR
CoausPosTDBXcni souoirxn.
Rcforeneea :—Katlonsl Bank of Aaifnsta. aeorcla.
ileurr Henis * COh OominlMIon Uorcbsnis, New
yorki Willlsm B.Usnaft Uo., Frsprlsu-nCouuiiK
oiii iNT> Fts&iiouL Coaonaui, aod.otber New
CiRATZ,
ST. LOUIS, Ho.
COTTON BROKER,
York HosKS.
Tontine BulMlna) IMO.
Co.,
B.,VL1N''
-
-
..
,.
TIES,
Agents for the follow.
•K«<l«»llU»,"-Brookljri
•'"Tin. •'.'•-L'nion .Slur,
i
'jti r Ml
'•• «• ' "i>
''>mtnrlJiM,
.rv.ia*.*
,,.....
•'« vii-.
IIMPOBTKHS or
wu -.
itUto.'
.Ui.>N Ttas.
^^ J
.
;
ym
THEk.CHRONICLE.
[March
" ^''
&
Woodward
G.
Stillman,
16 & 18 Exchange Place
INMAN,SWANN&Co
SEW YORK.
COANS MADE ON ACCEPTABLE
8BCU11ITIE8.
COTTON MERCHANTS,
Oaih Advances Made on Consignments.
Att«nt,on to Obderb for Contracts
roH F0TtrR Dklitbrt op Cotton
tOTTON, ALL GRADES, SUITABLE TO
OF SPINNERS,
OPFEBBD ON Terms to Soit.
Montsometr, Ala.
coninissioN merchants,
No. 40 EXCHANGE PLACE,
MEMBERS OF THE COTTON, COFFEE AND
PRODUCE EXCBANOEB.
WALKIR
Nenr York.
OFPICI, N08. 39
ft
41
ft
A. Kent & Co.,
commissiON ioerchants
&
Co.,
IN
MERCHANTS,
COMMISSION
Sontb William St., New York.
EXECUTE ORDERS FOR FUTURE DEUYBaV
8
at the
NEW
COTTON AND NEW
YORK, LIVERPOOL
LEANS COTTON EXCHANGES.
GRAIN, PROTISIONS AND COTTON,
No. 89 BROAD STREET,
Nevr York.
POOLE, KENT & CO.,
CHICAGO.
OR
at the
NEW YORK COFFEE EXCHANGE.
CORRESPONDENTS
James Finlay
ft
Co., Liverpool,
HOME
London and
Glasgow.
Messrs. Smith, Edwards ft Co., Cotton Broken
Liverpool.
Jdeears. Finlay. Mulr ft Co.. Calcutta and Bomtey.
Mesara. Samuel H. Buck ft Co., New Orleans.
E. S. Jemison
&
AND
AND
OOTTON COMMISSION MERCHANTS
COMMISSION MERCHANTS
New
IM Bxcliance
Place,
&
Co.,
Cash Assets, Jan. 1,1884
CHAS.
&
D wight & Co.,
COTTON
Eiopkins,
18 Excbange Place,
No. 134
NEW YOBK
POST BUILDING,
Special attention given to the Purchase and Balr
•f Contracts for future delivery of Cotton.
Oauntd FOB
Mohr, Hanemann
& Co.^
B. F.
PEARL
New
ST.,
186
GRATIERST.,
New
York.
CONTRACTS EZECUTID
1, 1884
unpaid losses
and re-lnsuranoe fund
IS
.
NET SURPLUS
CO.,
North
.
&
Robert Tannahill& Co.,
Cotton Commission Mercliants,
successors to
cc
COTTON COMMISSION MERCHANTS,
No.
ft
116 CHESTNUT STREET,
PHII.ADEI.PHIA.
PEARl.
ST.,
Special attention given to the purchase
WALTER & KROHN^
COTTON BROKERS,
NETC^
YORK
&
Co.,
H. Tileston
COTTON, STOCKS, BONltS, Ac,
NEW
O
YORK,
8S WILLIAM STREET,
dtrs In "F'jturei" executed at N.Y. Cotton BiCch
NHW
St.,
YORK:
CHAS.
E.
WHITE, SAM. P. BLAGDEK
HANAOEBS
& Wakefield,
COTTON
84 Beaver
AdTances made on Oonslsmments of Cotton. Contracts for Future Delivery of Cotton bought and
sold on oommtBSion.
and sale ft
Tuttle
And General Commission
COTTOIV.
AND EDIIVBVRGH.
Solon Hcmpdrbys. C'h'r'n, (E. D. Morgan &('
David Dows, Esq. (David Dows & Co.)
E. P. Fabbri, Esq. Drexel, Morgan & Co.)
Hon. 8. B. Chittenden
Ezra White, Esq.
J J. Astor, Esq.
Future Contracts.
NEW YORK.
68 BBAVEK STREET,
NEW YORK.
Ns. 61 Stone Street,
Henry M. Taber& Co.,
141
Co.
Ins.
Uuited States Board of ManagenieBt,
Edward H. Coates& Co.
CLAOHOBN HEBBING
York,
British
Mercantile
LrOIVDOK
future CONTRACTS.
Kew
OB
Special attention Given to the Exbcuthjb
of OrtDEBS fob
St.,
JAS. A. ALEIXANDER, Agent.
LilVERPOOE.,
Receive consignments of Cotton and other Produce,
and execute orders at the Exchanges in Liverpool.
Represented In New York at the oflSce of
BABCOCK BROTHERS ft
GO WALL Street.
1,023,18! 95
4,000,000 00
¥3,269,457 8S
Liverpool.
BABCOCK&CO.
7 W^atcr Street,
$9, 192,643 80
for
Capital
COMMISSION MERCHANTS,
Orleans, L«.
Secretary.
OF HARTFORD.
Assets January
No. 3 Cortlandt
1
lag
FiTTTTRE
President.
Insurance Company
Liabilities
PEARL STREET,
NEW YORX.
NEW YORK AND
Wm.Mobr. H. W. Uanehann. Clemens Fisobsb
J7,492,751
MAHTIIV,
iETNA
SmTB.
COMMISSION MERCHANTS, COMMISSION MERCHANTS
Nos. 16
J.
WASHBURN,
H.
C«., Oalreston, Texa!>
acaiAiriTB C. Hopkins. Lucius HopKnra
Charles d. Miller.
COTTON
18,000,000 00
00
04
1,867340 Of
Net Surplus
York.
new yobk.
P. Billups
J.
Jemison, Groce &
BROADWAY.
119
Reienre for Unearned Premiums
2,4^.634
Reserve for Unpaid I^ossos and Claims.
827,877
J.
&-
NEW YORK.
OF
OFFfCE
CASH CAPITAL
COTTON FACTORS
No. 10 Old Slip,
Insurance Company
Co.,
BANKERS
lU
KENT ft CO.,
ST. LOUIS.
Also Orders for
Sons.
Post Bdildwo.
E. A.
COFFEE
Messrs.
& Gwynn,
Fielding
Henry Hentz
8TB1IT,
Orders executed at the Cotton Exchanges In New
York and Liverpool and advances made on Cotton
And other produce consigned to ns, or to our oorre
ipondents In Liverpool, Messrs. B. Newgaas ft Co
.mod Messrs. L. Rosenheim
signments.
York.
E.
LEHMAN BRO'S,
Cotton ANDFactors
OP-TOWU
New
WARE & SCUROEDER,
COTTOX COMMISSION MERCHANTS,
POST BIIII.DING,
16 & 18 Exchange Place, New York.
WANTS
LEHMAN, DnRR ft CO
ABRAHAM ft CO.,
New Orleans, La.
Co.,
Special attention paid to the execution of orders
for the purchase or sale of contracts for future delivery of cotton. Ijiberal advances made on con-
JSPECCAI.
I^iatMAN,
&
Schroeder
SUCCESSORS TO
MERCHANTS,
«'D8t Bnilding,
-
'
®0tt0tt.
®0tt0tl.
®0tt0tt.
188
8,
-'-
'
Office,
Mercliants,
64 W^iUlam
JSt.,
New
York.
Lyommera'a/
Ne-w York.
Liberal adv-inces made on cotton consignments.
Special attention given to orders for contracts for
Cnture delivery of cotton.
Waldron
&
Tainter,
LJnion Ins. Uo.
Cotton and Fctroleam Merchantt,
bt pearl and 60 stone streets, new yori
"
Future
"
JOHN
(OF LOUDON.)
ALFRED
Orders Promptly biboutbd.
11.
CLISBY
&
CO.,
COTTON BUYERS,
mONTOOMEBY,
Al^A.
pdbchasz only on Orders for a CoiniisnoN
PELL,
Resident Manager.
37
^ 39
IVall
Street.
@FedFRASER