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MERCHANTS’
HUNT’S
MAGAZINE,
INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
REPRESENTING THE
NO. 985.
SATURDAY, MAY 10, 1884
YOL. 38.
capacity
CONTENTS.
THE CHRONICLE.
The Financial Situation
Some Questions R iised
Marine Bank Failure
The Pension Craze
519
by the
Imports
March,
ainl
Exports
1881,
in the midst of business depression is
even
cumstance of
a
eir.
great interest, tending to reassure the invest¬
ing public.
for
and for the
An incident
of decided
importance has been the tariff
defeat in the House of Representatives. "This is looked
Railroad Earniuirs in April,
and from Jan. 1 to April 30. 554
upon by a large class as certain to result in a revival of our
The Crisis in Egyptian Affairs 557
Mr. Gowen on the Heading
Monetary
and,. Commercial
We hope it may, but cannot agree with the
industries.
55 S
Railroad
English News
559
Commercial and Miscellaneous
News
561 opinion that it will, for the reason, if there were no other,
that that defeat cannot stop agitation.
The question is an
abiding one. The character of the recent revenue organi¬
zation in Boston, the action yesterday of certain manufac¬
Thb Commercial and Financial Chronicle is published in
turers in this city, the conversation of business men every¬
New York every Saturday morning.
552
553
Nine
and Twelve Months
Ended March 31,1884
558
Tile Debt Statement for April. 559
United States Treasury State¬
ment
559
£Ixc (Chronicle.
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The office of the Commercial and Financial Chronicle in London
Is with Messrs. Edwards & Hmitii, 1 Drapers’ Gardens, E. C.. where
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and single copies of the paper supplied at Is. each.
The office of the Chronicle in Liverpool is
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Buildings.
WILLIAM B. DANA.
JOHN G. FLOYD.
lWIIililAin
}
S
B. DANA
&
Co., Publlslters,
79 & 81 William Street, NEW YORK.
Post Office Box 958.
On page
5G8 will be found the detailed returns, by States, of
Comptroller’s call of March 7.
kindly furnished us by Mr. Knox. Previous returns were
published, those for December 31, 1883, in the Chronicle of
February 23, 1884, page 22G ; those for October 2 inthe issue of
December 1, 1883, page 58G.
the National Banks, under the
.
THE
The past
FINANCIAL
SITUATION.
was
indications that there is
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
For One Year (including postage)
$10 20
The publishers cannot be responsible for remittances unless made
Drafts or Post-Office Money Orders.
A neat file cover is furnished at 50 cents; postage on the same is
cents. Volumes bound for subscribers at $1 00.
where since the vote
announced,
are some
of the later
deep and wide feeling on the
subject. It- would be much better if manufacturers could
see that it would be to their advantage
to lead, instead of to
oppose the movement. No one aims or desires to harm vested
interests. It is not proposed by the conservative classes that
industries which have been nurtured by years of fostering
legislation, should be left to stand alone at once. But
there is an earnest feeling in favor of freer trade ; a widely
prevailing sentiment that rawymaterials should, as a gen¬
eral thing, come in free ; and a popular opinion that with
these points gained, the rest will follow in its naW^al
order.
Why cannot the Ways and Means C'vy ^ee
apply the Roosevelt invention to the subject, and g/tm us a
good half dozen of bills, each covering but one article,
like for instance salt. It was only in that manner quinine
secured its exemption.
But passing that, matter, which has to do w*tk die future
rather than the present, we have to note the failures of the
week, absorbing, as they have, the most attention, and
being a source of considerable disturbance in business cir¬
cles.
We have remarked upon some of the features of
a
week lias been a memorable one, not because the Marine Bank disaster in another column. That and
of any great change in the situation, but because of the the Grant & Ward suspension seem, according to the
importance of the events which have transpired. Looking, latest disclosures, to be one as regards actual interests,
however, at the surroundings to-day, we cannot see that looseness of business methods, and general crookedness in
there is any new cause for alarm. The failures in this their operations. ' Ifad the brokers’ lirm name plainly
city have very naturally disturbed confidence for the included the Marine Bank, the connection would have been
moment, hut that is merely a temporary influence.
The more open but not much more real. Of course, depositors
more permanent
conditions, so far as there.is any altera¬ are inconvenienced and the securities made way with by
Ward will work a loss to the owners, and some cor¬
tion, are certainly more favorable. Exchange lias fallen Grant
decidedly, stopping for the time being at least the export porations will in this way suffer. But with those exceptions
of gold.
Rates of interest in Europe remain very low, giv¬ we see nothing in the case of general application or to suggest
The incident is only a hint
ing a certain air of permanency to this change, as low rates a fear of weakness elsewhere.
tend to send
European capital this way. Railroad earn¬ to the public to avoid banks whose officers are engaged in
ings are under the circumstances extremely satisfactoryf business foreign to banking, and to avoid firms which loan
and we would refer the reader to our
monthly article on money at three per cent and borrow it at twelve per cent.
that subject in another column, showing as it does a
The decision of the tSupreme Court of the United States
decided increase in receipts, instead of the loss which has this week in the Missouri Pacific case has been received
been so persistently prophesied. This evidence of earning with satisfaction. Interest in it is net-so much with re
550
THE CHRONICLE.
ference to that railroad, as -it is with reference to the prin¬
other bills
[vol. xxxvm.
made
against anticipated exports of a por¬
ciple established. The court holds that the allegation in tion of the present available supply of cotton ; still others
the complaint
(that the default in the payment of the in-, are more or less speculative, being drawn \Vith the in¬
terest on the Missouri Pacific bonds, which was the pretext tention of renewal
but in the expectation of
being
for the foreclosure and sale of the road, was fraudulent, covered at
a
profit when the new crop of cotton
caused and procured by means of collusion) was sufficient begins to move ; another
supply comes from outgoing
to warrant the court to grant the relief asked for and to securities,
chiefly Erie stock and consolidated 2d mort¬
set aside the sale.
This and the other decisions which gage bonds which have been sent abroad in
compara¬
have been lately made affecting railroads, show that our tively large amounts.
The inquiry for bills is quite insig.
judges do not mean to allow any fraud to remain uncov¬ nificant, being almost wholly-confined to the usual remitered or any advantage obtained by collusion to be per¬ tances by bankers.
The importers of goods are buying
manent, if they have the opportunity of preventing it.
very few bills at present, the demand from this source
The effect of Judge Van Brunt’s decision in the Elevated being not at all
urgent. Bankers do not look for
Railroad case is seen this week in the action of the Man¬ anything more than a
very’gradual fall in the rates of
hattan road, agreeing to give back to the New York exchange at present.
The movement of securities is
Company its lease of the latter’s property, and to accept not expected to be large. The character of the prop,
certificates of the New York guaranteeing to Manhattan erty now going forward shows that the
inquiry is more
6 per cent dividends on its stock, after the
payment of 6 or less of a speculative nature. The drawing of bills
per cent on New York stock, any balance'remaining to be in anticipation of the movement of cotton will probably
divided equally.
Judge Van Brunt held that the amended continue, but the supply from this source may be only
agreement of October, 1881, was of no binding effect. sufficient to meet current demands. If, however, rates can
It will be remembered that by the original arrangement of be kept below the gold
exporting point for the next sixty
May 20, 1879, the Manhattan Company took a lease of days the market will then resume its normal condition and
the property of the New York and the Metropolitan, and not be dependent upon
bills of a speculative character.
Of course, the developments we have referred to above,
guaranteed to each 10 per cent dividends on their
stock.
In the
summer
of
18S1
payment of the rental, and in
default
was
made in the
are
connected with the failure of the Marine
Bank and the
firm of G rant &
October of that year
Ward, have had a decided influence on the
market.
stock
Some
other events have also had a weaken¬
way was found for the modification of the lease, by which
among other things dividends were reduced from 10 per ing tendency.
On Monday the news of a reduction of 10
cent to G per cent.
cents
Judge Van Brunt’s decision was sub
per 100 lbs. in the rates on east-bound live stock unset¬
tled
the
values of the trunk line shares, for it was accepted
stantially that the modified lease was void, and he directed
judgment to be entered relieving all parties from the as evidence of a further demoralization in the business of
October agreement upon making proper restitution, the the roads.
The selling movement in Union Pacific and
idea being to restore, as nearly as possible, the situation of Western Union, which was one of the features last week,
affairs as it existed at the time the lease was amended. Of was continued.
On the other hand, and early in the after,
course, that will involve a great many difficulties, but J udge noon of that day, reports that the Northern Pacific would
Van Brunt thought it could be done.
It should be said that. show a very large traffic for April, greatly beyond early
soon after the joint agreement of October—in November—
estimates of its officers, made that stock active and strong,
a further
agreement was entered into by the directors of and the rise in it influenced an upward movement in other
the three companies by which a new Manhattan company was properties, and particularly in those which were most
formed, which issued its own stock in exchange for that of largely oversold. Subsequently, the statement that the
the other companies—1st preferred stock for the New York, West Shore plan
of relief had been accepted by
2d preferred for the Metropolitan, and common for the old a
the bondholders stimulated a rise
majority of
Manhattan.
The stock of the New York and the Manhat¬ in that property and the market closed
strong. The next
tan was exchanged under this arrangement, thus virtually morning
the text of the decision in the Missouri Pacific
confirming the modified lease as far as these two companies, case, above referred to, was published, giving a clear
were concerned, but the stock of the
Metropolitan was not understanding of the sweeping character of the decree.
so
exchanged, and it was claimed, therefore, that in giving This led to free sales of Missouri Pacific, Union Pacific,
effect to Judge Van Brunt’s decision the Metropolitan Wrestern Union, and made the market
heavy. There
stockholders could, in satisfaction of any claim against the was the customary rally about
half-past ten, and the
Manhattan, have recourse to the property of the New York movement was decidedly upward when the news came
Company, which latter by the exchange of its stock had that the Marine National Bank had closed its doors.
surrendered its existence.
It is to avoid this possibility, no Pending the
receipt of particulars the market became
doubt, that the Manhattan now agrees to give back the panicky, and it so continued until early in the afternoon,
property of the New York.
The arrangement, if when all parties united to arrest the decline. Soon after¬
lawful, deprives
the Manhattan of
all
property, wards the announcement of the suspension of Grant &
but still assures to it a share of the earnings.
If Ward again unsettled the market, but it wa£ a little
the Metropolitan Company determines to enforce its steadier at the close.
a
claim
The fact that Mr. James D. Fish, President of the
against the Manhattan, some very interesting legal
points might arise as to the power of the company to thus Marine. Bank, is a director in the New York Lake
put its property out of reach. The attitude of bur courts Erie & Western, and reports that, the bank was
in dealing with indirect methods for avoiding legal obliga¬
largely indebted to the railroad, aided in breaking
tions, does not make it appear that the'situation of the down Erie on Tuesday. The next day. the statement
Manhattan has been greatly improved.
appeared that the indebtedness of the bank to the Erie
As already indicated, the market for sterling exchange was
comparatively small, but-the stock did not recover
has been heavy all the week at rates below the gold ex¬ for the reason that free
sales
of
it
and of the
porting point. The supply consists chiefly of bankers’ bills. consolidated second mortgages were made under an
Some of these are drawn against balances in London, the
apprehension that Grant & Ward had been acting as fiscal
intention being to use the proceeds in our loan market ; agents for
the negotiation of Chicago & Atlantic seconds.
THE CHRONICLE.
551
since 1882 gross have increased only $181,000, net have
market was more or less unsettled for tlie remainder
of the day.
On Thursday reports that Commissioner Fink increased $727,000, owing to a reduction of $546,000 in
the expense account.
had resigned from the Trunk line pool, indicating a rupture
Chicago Burlington & Quincy has also issued its March
of that combination, had a disturbing effect upon the
shares of the roads in the pool ; rumors of inside selling statement, and, as was expected, it shows a falling off from
the totals of a year ago.
Notwithstanding the falling off',
of Chicago & Northwestern broke down that stock, and
St Paul, Union Pacific, Missouri Pacific, and Western however, the exhibit is really very favorable, inasmuch as
Union, were liberally pressed for sale
Reading and Cen¬ the earnings last year were very large—indeed, they were
tral New Jersey were sharply raided, and the market was nothing less than extraordinary. This will be evident
unsettled until about noon. Then it was gradually turned when we say that the gain then was no less than $830,000
in gross and $730,000 in net-^this in a single month.
It
upward, and early in the afternoon the rise became rapid
was hardly to be supposed that the whole of this large gain
ou
the announcement that the Baltimore & Ohio had
agreed to a restoration of the rates to the basis of 15 cents would be retained in the present year, with the conditions
The
per
100 pounds on grain
from Chicago, and that Commis¬
so
much less favorable than in 1883,
and the decrease of
Fink had withdrawn his resignation, so the tone only $280,000 which is now shown is therefore of very small
Of course, the contest with the Union Pacific
moment.
was strong for the remainder of the day, although a little
irregular just before two o’clock. Yesterday, the opening did not operate in favor of any increase, but we are
sioner
steady, but the market soon became weak under a
succession of unfavorable features. There were rumors
of receivers for Wabash and Denver & Rio Grande,
while it was also reported that the Union Pacific
would pass its July dividend, though this was declared
unfounded after business hours.
Erie second consoli¬
dated bonds made a further pronounced fall, declining
from 75 at the opening to 68 at the close, and the stock
also fell off several points, on the story that Grant & Ward
were so largely indebted to the company that it would not
inclined to think that the decrease recorded is attributable
by floods in California during the month—so much so that
the Central Pacific, the lessee of the same, reported a loss
of over $400,000 in its gross earnings in that period.
It
years.
supposed, therefore, that the Atchison would record a
large falling off in its receipts by reason of this fact. But
the figures now to hand show but slight changes from the
results for the corresponding month of 1888—a loss of
$11,458 gross, and a gain of SC, 109 net.
What makes
the gain in the net the more gratifying is, thatthe increase
in the same last year was very heavy, namely, $240,006.
This will appear from the following table, covering three
years, the Southern Kansas system being included each year.
March.
Gross earnings
was
chiefly to the smaller amount of grain freight carried. The
largest corn carrier in the West, and the move¬
ment of that cereal last March was exceptionally heavy.
In the present year it was of smaller proportion, and that
of course would tend to diminish the Burlington & Quincy’s
tonnage in a corresponding ratio. Almost the whole of the
large gain in earnings in 1883 was in the freight business,
and we observe that the loss this year is in the same
item, passenger receipts exhibiting improvement.
The
relative loss in the corn traffic may be seen in the fact that
be able to meet the J une interest on the second consols.
Atchison Topeka & Santa Fe has issued this week a very while in 1883, in the four weeks ended March 29, the re¬
favorable exhibit of gross and not earnings for the month ceipts of the cereal at Chicago (by all roads) were
of March.
March, it will be remembered, was not a very 5,706,653 bushels, in the same period of the present year
good month for railroad traffic the present year, and espe¬ they were only 4,312,596 bushels, or 25 percent less.
cially was this the case on the Southern trans-continental For the three months ended with March net are less than
lines.
The Atchison forms a through line to the Pacific $220,000 smaller than in 1885, while they are five-eighths
of a million greater than in 1882, and over a million
over two different routes, but each of these depends bn the
Southern Pacific for the California connection, and the greater than in 1881.
There is every reason to feel satis¬
Southern Pacific had its operations seriously interrupted fied with such results.
Following is an exhibit for four
was
ATCHISON TOPEKA .t SANTA FE.
Miles
.1884.
1883.
1882.
‘-’,815
2,210
$
$
1,104.05(5
677,294
1,415,514
605,161
2,183
$
1,289,529
March.
•
Gross earnings
Operating expenses
726.762
Net
January l t
Gro.-s earnings
Operating
>
720,353
811815
477,714
road is the
.
3,743,424
1,83 >,301
expenses
3,514,842
1,948,452
3,562,209
2,37 ,760
1,013,123
■
1.5' 6.390
1,180,440
cereals in
hues
are
1,418.149
752,863
1,084,717
1,367,405
C37.017
665,286
Jan. 1 to March 31.
Gross earnings
5.725,262
3,760,018
3,046,865
5,633,286
2,735,700
4,682,351
Operating expenses....
2.663,421
2,176,749
2,6 78.39 7
2.897,586
2.018,930
1,584,169
Operating expense i
Net
following shows relative prices of leading bonds
stocks in London and New York at the opening
day.
The
and
each
May
U.S.is.c.
U.S.4Pjs.
123 36
123%
123 23
11318
113%
18%
11318
1863
Erie
con.
84-26
Hi. Cent.
12P53
N. Y. O..
May
123J4
11334
12311
19%
85%
18-02
113-30
7.
May 8.
successive large crops of
Kansas, where the greater part of the company’s
82%
4734
12334
113%
17%
§
9.
12311
123%
122 99
123
11293
113
113-18
U3%
16%
16-06
84-30
83
73-48
128-02
128
127-53
127
126-54
15%
76%
125%
113-42
113*4
42-+4
H306
112%
112-32
112
84-73
2U21+
20-60+
83-03
4+-43
18-14+
40%
35
1655
77-74
75
124-58
112-32
125%
11234
17-65+
35
10
.
Exch’ge,
the reduction
6.
1924
Ont. W’n
here presented would not
measure
84
127%
113-30 11334
21-21+
42%
4757
small
May
Lond’n A\l. Lond'n N.r. Lond’n N. Y. Lond’n N.T.
JV. V
prices. prices.* prices. prices.* prices. prices.* prices.
prices.
prices.*
prices.*
83-13
no
5
0.
Lond’n
Paul.
in
—
Net
Can.Pac.
situated, but
$
1,566,217
929,200
St
Of course, the favorable results
have been possible except for
$
$
2,396,58 4
1,029,119
Reading
Net..'.
$
*
2,106,028
1,021,311
2
March 81.
1881.
1882.
1883.
1884.
CHIC. IJUHE. k QUINCY.
83+4
48%
8215
4*8-55
81%
48%
81-17
80%
81-32
47-82
47
48-31
81%
.
cables.
!:
t
4'90%
4-90%
4-90%
4-90%
4-90%
Expressed in their New York equivalent,
Heading on basis of $50, par value.
Money on call lias been fairly active this week and
operating the road has been the cause
there is a better demand for time loans on stock collateral,
improved showing. Thus the March net are about
$250,000 greater in the present year than they were in the latest transactions being at 5 per cent for four months.
1^82, and the gain is accounted for to the extent of The activity on call has been mainly due to the suspen¬
$115,000 by increased gross receipts, and to the extent of sion of the Marine National Bank and the failure of Grant
$135,000 by dec reased expenses. For the first quarter of & Ward both, but more particularly the latter, causing a
she year, the exhibit is of the same character, and while shifting of loans, the calling in of some in order to
effected in the
cost of
of the
552
THE
CHRONICLE.
[vol. xxxvm.
provide for the unexpected demand and the paying off of SOME QUESTIONS RAISED BY
standing of which there
BANK FAILURE.
others made with houses about the
was
at the moment some
doubt entertained.
The
"thFIiaRINE
,
At the moment of
flurry
writing, the real secret of the failure
fully apparent. An overdraft
more than usual caution and the
offerings were not quite of §750,000 would clearly be an insufficient cause
for
so free as
they were last week ‘when money was spasmodi¬ shutting its doors so suddenly. The other
irregularities
cally advanced each day.
This condition of the and the exact condition of the Bank, will
probably be
market may be regarded
as
abnormal and it is known before this reaches the reader. In the
meantime
probable that when the excitement subsides there will there are certain facts, already
admitted, which may be
be a fall in monev to about the average rates
ruling at turned to profitable use in banking circles.
this season of the year.
The exchanges on New York at
So far as the general
question of over-certification of
interior points continue to favor this
centre, and there is checks is concerned, it will be difficult to gain much
light
no reason
why the customary supplies should not continue from this experience. The point of difference in the
dis
also induced borrowers at the Stock
to be obtained from this
Exchange
The
source.
of the Marine Bank is not
to exercise
following statement/
cussions that have been had
that
subject, is not whether
from returns collected bv us, exhibits the week’s such a practice is desirable of itself—all
agree that it is
receipts and shipments of gold and currency by the New not,—but simply whether there should be a statute
prohib¬
York banks.
iting it, or whether it should be left to bank man¬
agement to regulate
it.
There can be no two
Received by
Week Ending May 9, 1884.
Net Interior
Shipped by
N. Y. Banka. N. Y. Banks.
opinions with regard to this individual case, for
Movement.
Currency
-.
$4,300,000
here
$503,000
Gain.43,797,000 as
practiced the bank had
no
safeguards.
Cold
The chief officer was
directly interested in the firm
Total gold and legal tenders
$4,300,000
$503,000
Gain.$3,797,000
on
made up
.
whose checks
were
certified..
Such
a
circumstance de¬
The above shows the actual
Silver,
£
Hank of
England
25.325.9C1
..:
Bank of Franco
Bank of
Gold.
Silver.
£
£
20,549,208
40.895,614 40.220.073 ! 40,275.244 11,932,018
7,COG,250 j 22,819,750, 7,757,250 23,271,750
Germany
Total this week
Total previous week
£
i
changes in the bank holdings prives the institution of all protection, for it prevents
■of gold and currency caused by this movement to and from caution.
No man, even if incapable of actual
dishonesty,
the interior.
In addition to that
should ever sit in judgment on his own'case.
movement, the banks
Besides, cer¬
have gained §2,000,000 through the
operations of the Sub- tification is a species of business more risky than any other a
Treasury and lost §050,000 by exports of g^ld. Add¬ bank can engage in, calling for the exercise of the utmost
ing these items, therefore, to the above, we have the vigilance and most careful discrimination. To expect an
following, which should indicate the total gain to the N.Y. officer personally interested in securing such a credit,
Clearing House banks of gold and currency for the' week= properly to protect the institution granting it, is, to say
covered by the bank statement to be issued
to-day.
It the least, putting poor human nature to a very severe test.
should be said that the Marine Bank will not
Closely allied to this is the impolicy of a bank officer
appear in this
week’s statement, and that of course will
ever
being connected with a firm of Wall Street brokers.
materially affect
the comparison with last week.
That practice hardly needs to be stated to be condemned.
The acceptance of an important trust of the kind a bank
Week Ending May 9, 1884.
Into Banks. Out of Banks Net Change in
President holds, has generally been considered a foreclosure
Bank Holdings.
from all speculative pursuits.
Banks’ Interior Movement, as above
$4,300,000
There are so many and
$503,000
Guin.f3,797,000
8ub-Treas. operat’ns and gold exp’ts
2/00,000
650,000
Gain. 1,350,000
obvious reasons for the opinion, that the continued existence
Total gold and legal tenders
$0,300,000
$1,153,000
Gain.15,147,000
of certain' prominent
exceptions, should not weaken gen¬
The Bank of England reports a
gain of £59 bullion for eral public sentiment on the subject. We believe in leav¬
the week. This represents £2GG,000 received from abroad
ing bank management as free from statutory interference
and £205,911 sent to the interior,
as
possible. A certain framework of law is necessary, but
probably to Scotland.
The Bank of France shows an increase of
that
being granted, the control should be in the
14,787,000
francs gold and of 1,870,000 francs
directors
and officers, influenced by its customers and
silver, and the specie
in the Bank of
Germany was increased 507,000 marks. by an intelligent public sentiment. The chief difficulty lies
The following indicates the amount of bullion in the
prin¬ in keeping the people alert, for in prosperous times the
cipal European banks this week and at the corresponding bank runs itself and public sentiment sleeps. Still it is
date last year.
well to recall the fact now, that almost
always when a
bank'fails, it turns out that its officers were openly or
May 8, 1884.
May 10, 1883.
secretly speculating. Partnership connections by Presi¬
Gold.
..
..
73,827,825 03,010,723 08,581,702 05,203,798
73,229,040 02,940,10 f! 0 9.07 5.9 G 2 05.304,957
The
dents with Wall Street firms will of
where
they exist,
course
lie
justified,
personal
the ground that they are
arrangement's in no way affecting the Bank.
It is pos¬
sible that this may prove true in some cases, and that harm
may not result from such a connection.
But, at the same
time, experience teaches that to hope for exemption under
on-
.
Assay Office paid §124,072 through the Sub-Treas¬ circumstances of so great exposure is mere rashness, about
ury for domestic bullion during the week, and the as foolhardy as putting one’s hand into the fire and ex¬
Assistant Treasurer received the
~ J
following from the pecting it not to be burned.’
Custom House.
Another incident of quite a different nature connected
with this failure is the very simple, innocent
way in which
Consisliny oj—
the First National Bank has been forced to
Dale.
Duties.
carry §215,000
TJ.S.
Gold
Silver Cer¬
Gold.
of the .Marine Bank's overdrafts.
It
seems that Monday
Notes.
Certi tie's.
tificates.
May
$319 S90 69
$3,000 $38,000 $236,003
$69,000 night Mr. Ward drew his check for §215,000 on the First
3...
237,781 40
3,000
32.000
National Bank (although having only about two thousand
102,000
100,000
5...
469,518 83
7,000
41.000
223,000
198,000 dollars to his credit
G...
393,309 77
there) and deposited it iif the Marine
9,003
51,000
201,000
135.000
7...
Bank
to
make
327,718 30
3,000
147.000
43,000
134.000
good in part his overdrafts. Through the
8...
338,415 99
7,000
CG.OOO
148,000
117,000
system of making clearings,, this check was received as cash
Total
$'2,121,093 04
$ io.oon $271.one 1 060.000
$753 o- 0 at the
Clearing House by the First National, and before it
.
o
a
a
it
«
4*
.
May 10,
553
THE CHRONICLE;
1884.]
it
appears- that more than four-fifths of the claims passed
returned, the Marine Bank had closed its doors.
For the benefit of our readers not familiar with the upon are allowed. I£ only one-half of those now pending are
Clearing House and its routine, it may be well to say that passed upon favorably, the aggregate number of pensioners
will approach very near six hundred thousand.
The gross
the Clearing House is nothing more than a place for
number of pensioners on the rolls on the 30th June last
making exchanges. Each bank sends each morning two
was 303,053.
The average annual value of their pensions
clerks there, one we may call the paying clerk, carrying
was
$100
18;
the
total annual value was $32,245,192.
with him the checks deposited in his bank the previous day
But the total payments by the Pension Bureau during the
assorted into sixty packages, each package containing the
checks so received on one of the sixty banks. At the year were $09,004,009. Finally; the gross sum paid in
Clearing House all of the other or receiving clerks station pensions since 1801 up to the middle of 1883 was $021,themselves at the counters fixed for their banks, and then 073,298.
These are startling figures.
Although they were pub¬
the paying clerks in quick succession pass by them, leaving
lished here and there several months ago, we believe that
with each of the receiving clerks the package for his bank
and taking a receipt for it.
Thus the Marine Bank de¬ few people are aware of the magnitude of the operations
livered its package Tuesday morning to the receiving clerk of this bureau. The main facts are that more than three
of the First National, the package containing among hundred thousand persons are in the receipt of a monthly
from the Treasury, for which they now render
others the bogus check in question, and the First National allowance
equivalent; that the number is still steadily increasing
receipted for the whole package as so much cash. Of
could be
no
the check had actually been carried to
the bank it was returned, but in the meantime, as stated,
the Marine Bank had closed its doors.
This incident has been a source of anxiety, as it dis
closes a weakness in the Clearing-House arrangements,
which, if continued, might in a possible contingency prove,
course as soon as
very
If a $215,000 check can
check two or three times
harmful.
manner,
a
be passed in that
as
large could be
course so long as no bank
risk; but this failure has dis¬
Of
passed with equal facility.
failure intervenes there is no
by the addition of twice as many new pensioners as are
dropped on account of death or for other reasons ; that
the pensions of twenty thousand or more persons are
increased in amount by re-rating as the disability increases ;
and that the annual sum now paid out/ subject to these
augmentations, is 32] million dollars. It is too late, even
if it wore worth while at any time, to complain of a pension
policy which has saddled the Government with this enor¬
mous annual
expenditure for a generation to come. But
it is time to protest against a reckless and uncalledof
for extension
this policy.
Two weeks ago the
House of Representatives passed a bill of which the
Chairman
of
the
Committee
who
reported and
urged it admitted, u its purpose is rather to relax the
rules of evidence than anything else,’' but which does very
much more than that. By this bill it is enacted that the fact
complications arise out of the
question is whether a claim for the amount
could be enforced against the Ohmring House. AVe should
think it could not be, as the First National Bank was a
party to, and ac quiesced in, the proceedings which produced
the result.
But would it not bo proper and certainly
equitable for the courts to hold that money obtained in that a man was mustered into The service and served tlireo
the manner described by the Marine Bank was no part of months, shall he prima facie evidence that he was a sound
its assets.
That view seems in every way just and rea¬ man w: en he enlisted; and for the proof that any present dis¬
sonable, and if adopted would relieve the community and ability was contracted in the service is substituted a clause
tiie Clearing House of all anxiety with regard to future that th j former soldier or sailor who is suffering from
similar events.
any wound, injury or disease which there is probable
cause to believe originated in said service in line of duty,”
TIIE PENSION CRAZE.
shall receive a pension.
That Is relaxing the rules of evi¬
closed the risk.
incident.
Certain legal
One
“
According to the last report of the Commissioner of
Pensions, the actual number of different persons who en¬
listed and served in the army or navy of. the United States
during the war of the Rebellion was, 2,003,391. From
extended inquiry and careful estimate the Commissioner
concluded that on June M0, 1883, there were 1,458,042 of
the soldiers and sailors still living, while 604,300 had.died.
Of the living, 400.721 had. and 002,201 had not, applied for
pensions. Of the dead, 220,000 left no pensionable re¬
latives ; while relatives of 312,020 dead soldiers and sailor^
had, and those of 72,340 had not, applied for pensions.
AVe have then a total of 808,750 soldiers and sailors out of
a little more than two million—almost
forty per cent of the
whole force—who had applied, or in behalf of whom ap¬
plication had been made, for pensions. Moreover the ap¬
plications were by no means at an end. During the lastfiscal year, the first day of which was more than seventeen
years after the last gun of the war was fired, no less than
47,945 new claims were filed ; the total number of such
applications in the last few years was 254,898.
Not to anticipate the certain additions yet to be made to
the list of pension applicants, let us turn to the disposition
of the claims
already filed. The claims allowed up to
dune 30, 1883, numbered 451.920; the claims pending were
271,463, and the number of names on the rejected list
(which included some twenty thousand claimants on
account of service in
wars
before
1861)
was
108,495.
So
both ends, and it is difficult to
dence at
see
how, under
pension can be refused to any ex-soldier who
is now an invalid.
Blit the law goes further, and grants
pensions to the parents of soldiers whose death is traceable
such
a
law,
a
provided they (the
parents) simply show that they “ are without other present
means of support than their own manual labor- or the con¬
tributions of others not legally bound for their support.”
It is an ungracious duty to oppose any bill which recog¬
nizes and rewards the services of the country’s defenders;
to
service in
their
but it
is evident
army
that
or
navy,
there must
be
an
end
even
to the
Tiie statement that the nation owes its
and that the country cannot do too
much for them, is true enough.
But carried out to its
farthest logical limit, it means that the Government should
undertake wholly to support all the survivors and all the
near relatives of
the dead.
There is no general law short
of that which will not leave in distress some persons whom
the war directly or indirectly deprived of the means of sup¬
port. But such a measure- is obviously out of the question.
No one iri his right mind would advocate it.
No doubt
the drowning man owes his life to the one who plunges in
pension business.
life to these brave men,
and
saves
him.
But if he tries to reward
according to his deserts, he will
open to the sneering accusation
his
own
not
to
life.
His true
course
the
rescuer
impoverish himself, or be
of setting a low value on
is to show true gratitude
try to pay for what was
worth
more
than
any
554
reward.
THE CHRONICLE*
[Vol. xxxviu.
The country
is truly grateful *to its soldiers; but ing depression in every department of business would
natu¬
wholly re-pay them for their services rally reduce the volume of general and
miscellaneous
it should admit that its
obligation to them can never be freight. There is reason to believe that were the
discharged, and not attempt to discharge it. So far as east-and-west trunk lilies included in our list, the leading
showing
possible, by general and special laws, it ought to prevent would be less favorable than it is, in support of which
view
their coming to want in consequence
of their service in the we have the large decrease of $221,000 on the
Grand
army.
But when it comes to saying, as the bill passed by Trunk of Canada; but as these lines also failed to
make
the House of Representatives does,
that any father or returns a year ago, the comparison with 1883 is
since it
can
never
mother whose
son was
killed in the
war or
died of disease
perfectly
fair and
correct—being on the basis of the same roads in
contracted in the army or navy, shall have a pension, pro. the two
years.
The following statement, embracing all the
vided he or she cannot earn a living
roads
except by manual
reporting this year, will show how the increase and
labor, a principle is adopted which may -ultimately call for decrease is distributed over the list.
the pensioning of the second cousins of all who served in
GROSS EARNINGS AND MILEAGE IN AFRIT,.
the army.
We cannot do full justice to these gallant
When
this
last
pension bill has been -passed
there will be new demands, quite as well founded in
justice
as this one.
Let it be recognized that any further ex¬
tension of the policy is a matter of
expediency, for at last
it must be that and
nothing else.
It is needless to say that this view of the matter was
not presented in the House when Mr. Warner’s bill came
up for action under a suspension of the rules, and under
the operation of the previous
question. As soon as the
Speaker declared the bill open for discussion, a member
asked, “how much is it estimated .this bill will take out
of the treasury?”
Mr. Warner replied that he would try
to explain that before lie
got through; but he did notThen another member asked the next
speaker how many
cases would be affected.
The member addressed replied
that the chairman of the committee would
ion; but lie did
and
no
not.
answer
the quest¬
The question was put a third time
given. The house passed the bill
without the smallest fragment of information on the
The discussion throughout proceeded on the
subject.
theory that the Government is under obligation to sup¬
port all persons who in any way suffered by reason of their
own or their relatives’ service in the
army, even though
they cannot prove such injuiy. That view of the matter
cannot be sustained.
Even gratitude to our former sol
diers docs not require that we shall
try to discharge- the
debt we owe them.
And as we must stop some time, this
is as good a time as
any.
The general pension laws are
broad and liberal
enough.
If they do not
cover
every meritorius case, those can be provided for by
special acts.
answer
was
Gross
Earnings.
Same of Road.
I S S i.
No.I
Dul-l.■Ceil. Rap. A
Canailiati Pacific
•
Central Iowa
j
Chesapeake A Ohio..
Eli/. Lex. A Bissau.)
1883.
Increase or.
Decrease, i
iP
*
$
217,576!
343,178
122,1)'>7
200,3071
5HtP63l
218,253
402,400
Ill.Cent.(Tll.ASo.Div.)
Do
(Iowa lines)..
Inch Bloom. A West...
Kan. C. Ft. S. A Gulp
Little Rock A Ft. S...
Little Rk. M. R.ATex.!
Long Island
Louisville A Nasliv...
Milw. L. Sh. A West..
Milwaukee ANortli’n
Mobile A Ohio
Norfolk A Western
Total (49 roads)
..
110,007
66,706
32,339
363,489
83,814
SOI,999
.
1,029,
1.2 SO
26 L
-140)
141
143
—7,894!
1,051
225
281
144
143
225
+ 13.560
1,123
1,100
146
361
146
347
465
110
2 322
+ 2,991)
+
+6,209
-19,613.
,
3,530
1,147
+
-
15,145!
465!
+14,0001
-221.152'
o
UO1
322
—5,804) *"‘225 "’225
482
1.506
—25,667!
215.914|
—20,1031
402
664
389
168
170
352
170
352
2,065
2,065
+ 9,71
39,2321
36,662
30.310!
42,260
128,866
190,996
60,677
665,509
67,986
60,059
267,200
28,897
33.324
120,383
31,997
83,437
+ 11
53 4
44.605
170,000
317,000
+5.920.
847
13,521)
252
-28.271 4,770
+ 50,421
3.87.0
—
L.526
947.450
90,037
58,799)
304
512
130
847
252
4,520
512
130
Li
1,103,750
95.605
86,2361
713
1,152
+97,730!
171,315
1,438,600
713
699,370
156,967!
186,595
58,865,
Northern Pacific
i
Ohio Central
!
Peoria Dec.AEvansv. I
Rich. A Danville
!
Columbia A Gr’v*..
Virginia Midland...
West. No. Carolina.
Rochester A Pittsb...
j
—2,263
+ 11,323
47,540
35,352
24,935
196,001
..
Shenandoah Valley.
St.L. A.AT.H.m.line.
Do do (branches).
St. Louis Ft.S. A Wioh.
St. Louis A San Fran..
St.. Paul A Duluth
St. Paul Minn. A Man.
797.100
131,300
195,751
115,571
1883.
i
—58,922: 2,033
+ 22,102'
401
298.630
CJiieairo A Alton..
i -606.Sup
600.878
Chic. A Eastern 111
110,2481
123.769
Ciiic. Milw. ASt. Paul.; 1,9 19,006
j 1,972,271
Chicago A Northwest, i 1.804,800) 1,751,379
Chic. St, P.Minn. AO.
548.100
431,071
Cm. Wash. A Balt
134,628
142,522
Cleve. Akron A Col...!
40,534
40,671
Des Moines A Ft. D.* j
19.902
16.911
Detroit Lans’g A No..I
137.7531
136.702
East Tenn. Va. A Ga..
286,8821
273,322
Evansv. A T. Haute..
61,4981
55,289
Flint A Pere Marq...
216,322
235,935
Fla. R’y A Nav. Co...
76,943
61,498
Fort Worth A Denver
40,700
26,700
Grand Trunk of Can.t 1,252,357
1.473,509
Gr. Bay Win. A St. P.
30,228
36,032
Gulf Col. A Santa Fe.
129.775
120,064
I
„
—677 i
100,895
v
in I caf/e.
j
soldiers.
+ 26.339
—1,310
-5,375
+ 15,280
+ lo 6,300
+ 5,568
389
168
-
374
+2,345!
+
402
634
OO
V
11,134)
+5,005
—1,812
+ 773.091,
+ 18,250
-1,200
326
180
528
460
240
1,701
274.01 1
76,79 4
+ 7,732
+17,326
+ 89.47 6
+7.020
206
294
195
138
160
77 0
225
212
254
757
291
353
206
125
195
121
128
,26
208
312,016
—7.017
1,387
1,250
104,433
+49,800)
+4,427
+
16,4501
21,766
31,407
+ 10,231
102.2 76
+ 7.731
58,976
15,063
+
353
52,030
15,272,777 14,0*18.603 + 1,254,174 36,256 33,147
399.290
432,600
+ 33,310
......
15,705,377 14,117,393 + 1,257,481
*
RAILROAD
EARNINGS
FROM JANUARY
1
IN APRIL, AND
TO APRIL 30.
With
Our table of railroad
earnings for April is a surprise in
being very much more favorable than generally expected.
As against a decrease of about a million dollars in March,
we have for April an
crease of over a million and a
quarter. It was known that the latter month in the
previous year had not been noted for the same growth in
receipts as the month preceding, but nevertheless there
had been a gain of over 14 million
dollars—equal to about
8 per cent—so it was
supposed that with less favorable
conditions prevailing, some heavy decrease
might bo looked
for the present year.
But it is now found, as stated, that
in the aggregate, there is quite a considerable increase,
a
[Ii
while the decrease
on
individual
roads is small,
the sections that in 1883 recorded the heaviest
even
in
gains.
The less favorable conditions referred to, were, that in the
West and Northwest the grain movement was
—in
ill
some
instances
even
below that of 1882
quite light
(following the
short crop of 1881); in the South, the cotton movement
was the smallest for
years.
Passenger traffic in all sections
of the country
Only three weeks of April in each year.
1 For four weeks ended April 26.
appears to have been light,-while the exist¬
one or
two
exceptions, the change either
is very small, showing that traffic has not varied
the two years.
Canada on the
Northern Pacific
The exceptions
the Grand Trunk of
already noted, and the
are
side of decrease,
on
the side of increase.
latter is very large—indeed, is
the earnings of the Northern
here
much in
way
The
gain
on
the
surprising. In April, 1883,
'Pacific were only $(>05,509
(though this was an increase of over $200,000 on 1882),
but this year they reach the large total of $1,438,000, an
increase of $773,091, or 115 per cent, during which
period mileage has been increased 795 miles, from 1,701 to
2,496 miles, or only about 40 per cent.
The earnings of
this road should naturally increase with the opening ol
spring and the advent of more seasonable weather, blit
the exceptionally heavy gains now recorded are no doubt
in great measure to be attributed to the gold excitement
in the territory contiguous to its line,
Tt is to be .noted
that the company’s officials' state that the gain is very
largely on the passenger movement, which lias assumed
unusual proportions, and this corroborates our remark as
to the effect of the gold fever at the Cceur d’Alene mines.
THE CHRONICLE.
10.1884.]
Mat
roads, it will be seen by the above table
make on the whole a very satisfactory exhibit. There is
no such falling off as in March, when both the St. Paul
and the Chicago & Northwest lost over a quarter of a
million each, but, on the contrary, there is a moderate
increase on the latter and only a small decrease on the
former.
If it be asked why the St. Paul reports a decrease
($23,271) while the Northwest reports an increase ($50,421),
an explanation may be found in the fact that in 1883 the
St. Paul had gained $454,000 and the Northwest only
$85,000. But if these roads have done well this year?
Northwestern
Paul & Omaha has done even better. It reports
an increase for the month of $114,000, which is in addition
to the increase of $57,000 in the corresponding month of
1883.
The St. Paul Minneapolis & Manitoba gained as
much as $241,000 last year, and loses only $7,000 this
the St.
year. The Burlington Cedar Rapids & Northern, another
road in tho Northwestern section, gained $40,000 in the
month last year, and retains all but a trifle of it the present
year.
The Central Iowa on an increased mileage has con¬
tinuous
gains in the two
years.
The grain movement in
this section was smaller than in 1883, and roads that could
make
good the loss here by an increase in other sources
of traffic or by increased mileage, have apparently fallen
behind. The extent of the grain movement in the two
not
years on
Northwestern roads will
appear
from the receipts
principal cereals at Chicago, given in the following
receipts of flour and grain at the leading Lake
River ports of the West.
of the
table of the
and
%■
26, AND SINCE JAN. 1.
RECEIPTS FOR FOUR WEEKS ENT1>EI> APRIL
Flour,
(bbls.)
Chicago—
Wheat,
Com,
(bush.)
(bush.)
Oats,
(bush.)
Barley,
Rye,
(bush.)
(bush.)
1,163,385
408,153
447,179
3.026.316
3,047,461
2,246.055
3,352,438
18,885,076
19.967,154
2,341,866
1,549,321
9,608,166
7,518,543
217,604
318,918
1,571,203
2,232,101
318,192
151.508
1.122.856
280,011
297,745
1,987,456
952,475
2,041,488
37,740
100,560
257,450
499,265
380,509
166,903
965,644
813,105
202,993
281,729
1,641.129
1,987,589
93,756
103,395
440,079
405,221
335,953
264.446
4 wks., Apl.. 1884
4 wks., Apl., 1888
Since Jan. 1,1884
932.405
Since Jan. 1,1888
143,243
69.379
a3,796
545,528
679,067
Milwaukee—
18841
4wks., Apl.,
4wks.. Apl., 1883
Since Jan. 1,18841
Since Jan. 1,1883
25.060
25,630
129,447
210,550
St. Louis—
4
4
wks., Apl., 1834
wks., Apl., 1883
8lnce Jan. 1,1884
Since Jan. 1,1883
Toledo—
1,695,905
2,692,320
537,067
1,272,180
567,802
426,087
•
948,025
9,337,728 2,267,562
9,611,135 1,637.577
33.609
66,884
168,427
180,179
113,736
7(l6,7u6
930,164
20.154
7,559
123,125
86,007
9,432
5,750
23,689
4 wk?„ Apl., 1884
4 wks., a pi., 1883
Since Jan. 1,1884
0.006
5,840
24.333
512.249
1,669.913
389,427
458,897
3,399,851
Slnca Jan. 1, 1883
Detroit—
21,181
3,268,920
2,676,222
309,910
12,990
2,340
41,004
29,107
4 wks
7,679
15,209
39.667
127,119
300,053
1,189,700
99,062
63,571
300,090
78,653
35.511
265,843
73,871
2,597,224
40,192
152,729
1,001.374
743,888
262,353
364,630
11,014
9,117
34,365
42,793
96,873
52,090
90,700
101,020
48,700
228,241
273,133
52,090
15,525
90,291
94,819
802,010
3,096,013
f 0,400
36,100
206,300
254.115
2,876,650
262,000
291,230
4,767,584 4,331,878
5,573,299 3,126,566
6,462,553 3.416,u93
37,575,747 16.634.173
83,0 >0,811 13,691,271
27,157,963 12,272,539
804,909
803.859
508,235
4,521,976
5,899,910
3,51 1,291
160,198
4
Apl., 1884
wks., Apl., 1883
,
81nce Jan. 1,1884
81nce Jan. 1,1883
251,185
.
500
512
”
1,804
Cleveland—
4wkB., Apl., 1884
4 wks., Apl , 1883
Since Jan. 1,1884
Since Jan. 1,1883
Peoria—
4 wks., Apl.,
3,910
1884
4wks., Apl., 1883
Since Jan. 1,1884
Since Jan. 1,1883
Duluth—
« wks.. Apl., 1884
4 wks., Apl., 1883
8ln-e Jan. 1,1884
Since Jan. 1,1883
4
4
.
3.615
18,850
21,135
259,103
443,554
50,500
368,583
004,897
32,135
21.600
166,605
691,290
510,150
74,310
4,325.685
3,923,250
805,100
"‘'890
500
1,390
45,105
55.830
88,230
128,509
372,956
623,322
Total of all-
wks., Apl., 1884
Wks., Apl., 18S3
4wks., Apl., 1882
Since Jan. 1, lS-^
Sint e Jan. 1, 1883
81nce Jan. 1.1882
710,063
431,941
518.703
2,612.055
2.811.907
2.444.375
l,6a8,927
2.095.378
2.032,793
10,368.234
14,788,599
9.984,073
183,849
128,189
1,058.4 5
1,298,797
713,469
In corn,
Chicago thus suffered a diminution of over
1,100,000 bushels, or about 33 per cent, which must have
been an important item with the principal corn carriers.
The movement
to the
Northwestern markets last year was
pretty good, in contradistinction to that to Western and
Southwestern markets, where it was quite small; but there
is little
these latter points, in
above that in some sections
April, 1884, had been smaller
even than in
1882, when only a mere remnant of the short
crop of 1881 remained to come forward, and it will be
seen
by the table given that the same is also true of the
movement at all the ports in the aggregate—especially in
the case of corn and wheat.
Of corn, for instance, the
or no
improvement,
even at
the present
year. It was noted
the grain movement in
555
receipts this year were only 4,767,584 bushels,- against
5,573,299 in 1SS3 and 6,462,553 bushels in 1882. The
falling off in the present year, however, it should be borne
in mind, is almost wholly due to the diminished receipts at
Chicago, some of the ports—notably St. Louis—showing a
small increase, though still others exhibit, with Chicago, a
decrease.
■>
Influenced in part by the varying movement of grain,
the roads m the territory east of the Mississippi and north
of the Ohio, report varying results—some an increase,
others
decrease, there being the same irregularity in their
returns there was a year ago in the same month.
As a
rule, those that in 1883 recorded gains, this year have
losses, and vice versa. Among such may be mentioned
the Peoria Decatur & Evansville, the Cleveland Akron &
Columbus, the Evansville & Terre Haute, the Indiana
Bloomington & Western, and the St. Louis Alton & Terre
Haute.
Up in Wisconsin the Green Bay Winona & St.
Paul also loses what it gained in 1883, but the Milwaukee
Lake Shore & Western has a further improvement this
year, and the Milwaukee & Northern is likewise doing
well. Among Michigan roads, the Flint & Pere Marquette is
rather conspicuous for a large loss, but that is probably to
be ascribed to the same circumstance as in March, namely,
interruption of traffic by floods.
Of the roads running South or Southwest from Chicago,
the Illinois Central on the line from Chicago to New
Orleans makes quite a large gain, and we should judge that
this occurred wholly north of Cairo, in the State of Illinois,
and not on the Southern Division, since the road delivered
only 5,110 bales of cotton at New Orleans in April
1884, against 21,161 bales in April, 1883. The Chicago
& Eastern Illinois, on the other hand, has a pretty big
decrease, in addition to the merely nominal loss of a
The roads that connect with the Southwest
year ago.
again give a very good account of themselves. The Chi¬
cago k Alton continues to swell its receipts iri a moderate
way, while the St. Louis k San Francisco makes most note¬
worthy improvement. The latter road in 1883 added
$31,000 to its earnings, but this year has a further addi-'
tion of nearly $90,000.
The Kansas City Fort Scott &
Gulf, and its Memphis connection, the Kansas City Springfield & Memphis, also report an increasing business.
On
the Gould roads the figures-have been withheld since the
first of the year, but a brief statement covering the fourth
week of April has within the last few days found its way
into print. According to this, there was in this period an in*
crease over last year of about $ 15,00.0 on the Missouri Pacific’
of $18,000 on the Central Branch, of $22,000 on the Iron
Mountain, and of $28,000 on the Wabash, while the Mis¬
souri Kansas k Texas, the International k Great North¬
ern, and the Texas k Pacific, had decreases ranging from
$3,000 to $5,000, that on the Texas k Pacific being
ascribed to the non-working of a portion of the New
Orleans Pacific road, because of the damage caused by the
high water in the Mississippi. Figures covering a single
week, like these, never have any great value, but in the
present instance especially they should not be taken as a
criterion of what preceding weeks have shown, since the
fourth week of April last year was one when the results were
rather poor, the Iron Mountain, the International k Great
Northern, the Wabash, and the Texas & Pacific, having al^
shown
a
decrease then
(though previously they had been
showing an increase), and that, of course, would make the
comparison now more favorable. It is easy to see how the
Missouri Pacific might make steady gains by reason of the
a
excellent harvest that the State of Kansas has been blessed
with,
and
further
into
also
by
the
that territory,
extens:on
the
St.
of
new
lines
Louis
Fort
Scott
556
THE
Wichita
&
Pacific
(which gives its traffic
and
which
$15,000 last
$32,000
April), being
but it does not
cotton in
earned
seem
CHRONICLE.
to the. Missouri*
this April against
SOUTHERN FORTS IN APRIL
TO APRIL
30,
1884.
bales.
Indianola, &c
New Orleans
Mobile
Florida
Brunswick, &c‘
1883.
Port Royal, Ac
Wilmington
City, Ac
Norfolk
West Point, Ac
Total
we
FROM JAN. 1
Since January 1.
1882.
1,884.
18S3
18S2.
291,141
2,641
102,344
287,043
6,369,018
1,681,100
8,142
53,804
174
17,407
105,255
213,359
61,182
8,437
152,174
1,402
200
500
80,075
2,901
14,621
2,209
340,483
153,042
15,935
35,522
91,758
Oregon Railway A Nav.
29,108
8,322
10.470
2,514
148
6S0
360
6,092
2,780
34,607
6,440
17,200
8,489
55,970
257,222
69,522
170,237
51,905
1,010,058
1,858,090
977,577
that while the Gulf ports
on
its lines, but
makes
the
four months of the
year our statement
a
those
reporting a decrease, so that the net result is
improvement of nearly 1 .V million dollars over the same
period a year ago. The number of roads that fail to equal
1883 is growing less, and is confined
chiefly to lines within
the States of Illinois, Ohio and Indiana
(where an indif¬
ferent harvest last year operates to diminish the
roads)
Trunk
tonnage of
or to such roads as the St. Paul and the Grand
of Canada.
The following table furnishes full
details.
3,242,800
520.800
829.010
4,346,230
312,140
163,320
709,581
Total (51 roads)
Net increase.
'50,930
*
.
.
*
_
109,245
••••»
7,802
■
11,761
25
50,950
42,813
18,575
40,389
9.905
10,881
19,100
030.197
4,797
28,202
215,660
123,907
295,251
40,889
20,705
11.417
31.780
142,015
698,167
800,102
213,803
41,514
19,287
3,424,GOO
1,998,707
331,057
1,300,896
248,799
1,273,773
296,617
1,427,833
1,208,019
221.0(50
283,587
450,951
127,34t
4 40,2-4
83.866
106,173
14,012
27,280
34,440
1,430,025
2 i 3,525
35.274
05,154
129,729
61,921
10,727
31,700
95,580
105,080
490,228
314,909
481,432
$ ~~~
4.818
214,242
4,222,329
•
Dtci'ease,
57.458
133,812
814.070
233,090
West. Nor. Carolina...
Rochester A Pittsburg..
So.L.A.AT. H. main line.
Do
do (branches).
St. L. Ft. Scott A Wieh..
St. Louis A S. Francisco.
St. Paul A Duluth
8t. Paul Minn. A Man...
50,030
010,000
935,789
501,737
109,292
134.548
592,759
095,519
155,230
107,2!. 8
-
9.330
0,24 i
101,900
5,793.288
121,101
550,773
3,458,400
528,571
209,229
14,7.96
207,855
154,581
1,4 23,409
280,292
50,440
1,140 299
290.932
2,301,533
2,421,205
10,640
59.672
57,282,807
55,792,400
3.178,900 1,688,559
275.38*)
7,530
98,135
288,170
r
-
1.490.347
Includes three weeks only of April in each year,
t From January 1 to April 20.
x
Net
are
show
as a
earnings for March and the first quarter of the year
for„a number of leading companies, but they
no uniform result,
and can not very well be treated
to hand
whole.
while
even
Different localities present different exhibits,
the roads in the same section do not afford any
similarity of showing.
We have in previous issues dis¬
Pennsylvania and the Philadelphia
A Reading, and in another column
to-day comment on the
March exhibit of the Burlington & Quincy, and the Atchison
Topeka A Santo Fe. Of other roads the Norfolk A West¬
ern and Shenandoah
Valley have this time, from special
causes, a decrease in net, as against an increase in former
months. But the Mobile A Ohio, whose figures cover April,
by a concurrent increase of earnings and decrease of expen¬
ses, is able to report quite an important addition to ils net
The Nashville
result.
Chattanooga A St. Louis has a small
decrease, and the Northern Central also falls behind last
year.
So, too, does the Louisville A Nashville. The
Denver A Rio Grande has net of only $1 7,750 in 1884,
against $201,223 in March, 1883, and it is said that snow¬
storms and snow-slides are in great
part responsible'for the
pool* showing made.
Following are all the roads from
which returns can be obtained for
publication.
cussed the returns of the
GROSS AND NLT EARNINGS TO
improvement in its earnings
an
many
354,175
121,000
5,103,091
110,3(54
Virginia Midland
never¬
tolerably good showing. The amount of gain on
roads reporting an increase now more than offsets the
on
214,529
811,221
«-
Peoria Dec. A Evansville
Richmond A Danville...
Col. A Greenville*
LATEST DATES.
March.
Name.
first
1,2 48,201
...
1883.
For
435.931
624,545
5,585
1,521
141,002
99,181
Long Island
2.8S8
9.15S
448,838
539,071
Ciu. Wash. A Baltimore.
Cleve. Akron. A Col
Dos Moines A Ft.Dodge*
Detroit Lansing A No...
East Tenn. Va. A Ga
Evansv. A T. Haute
Flint A Pore Marquette.
Florida Ji’y A Nav. Co..
Ft. Worth A Denver
Grand Tr. of Canada!...
Green Bay Win. A St. f\.
Gulf Col. A Santa Fe
Ill. Cent.(Iil. line A So.D)
Do
(la. leased lines)
Indiana Bloom.A West..
Kan. City Ft. S. A Gulf*.
Little Rock A Ft. Smith.
Little Ilk. M. R. A Tex..
709,776
93,026
8,9S2
theless is able to report some
loss
Chicago A Northwest...
Chic.St.P.Minn.A Omaha
Chicago A West Mich*...
821
smaller coal traffic from the mines
the
G,523,OOO
403,145
1,556
457,027
Chicago Milw. A St.Paul
148
the heaviest
over
203,9 70
28,790
392
73,3:»7
2,191.342
514.485
0,(532,2 45
0.518.088
1, iGd.8r‘>4
440,97m
582,4 8 4
159,037
87,420
470,3 23
1,248.230
224,4 31
822,102
297,22 I
424
8,419
1,237
1,372
4 m, 4,80
210.220
82,750
15,540
855.570
1,082,297
2,541,1)72
118
3,932
$
Kli/j. Lex.&Big Sandy.
Chicago A Alton
28,940
14,655
*
373."90
Cliie. A Eastern Illinois.
30.
Increase.
1,141.8 41
4
xxxvm.
1833.
47.2' *3
Louisville A Nashville..
Milw. L.Shore A West’ll.
Milwaukee A Northern.
Mobile A Ohio
Norfolk A Western
81ienandoah Valley
Northern Pacific
Ohio Central
28,817
TO APRIL
1,151,171
125,239
2,055
$
« ,0,752
1,127,777
1
Chesapeake it Ohio
17,009
have sustained
falling off, almost every port shows a larger
or smaller
loss/jand for April the aggregate receipts for
the whole South reach only 65,303 bales,
against 228,02!)
bales in the same month of 1883, and
against even
as
much as 106,505 bales in
April, 1882 (from the
short crop of
1881). That Southern roads have done
as
well as they have,*7despite this
heavy contraction
in their principal item of traffic, is
certainly a very encour¬
aging feature. Of course those that are least dependent
upon this staple make the best exhibits, but the decrease
even on those that have a
large cotton tonnage is in no
case heavy, and
moreover comes, as a rule, after an increase the
previous year. Of the roads that rely least on
cotton, the Louisville & Nashville is to be assigned leading
position for its gains. The road had a small loss in 1883
(hardly more than nominal), but has now in 1881 an in¬
crease of
$156,000. At Mobile, it will be noticed, the
cotton movement in April,
though small, was somewhat
larger than in 1883, and the Mobile & Ohio, which reported
a loss of
earnings in the latter year, this year has quite a
handsome gain (over
$41,000). But the Hast Tennessee
Va. & Ga., the Richmond & Danville
lines, the Norfolk &
Western, Ac., also make very good exhibits. The Norfolk
A Western, besides a diminished cotton
traffic, also had a
see
1831.
40,150
05,303 228,029 106,595
Here
AND
AND 1882.
200
Charleston
Hoad.
0,792
6,098
1,708
5,922
Savannah
Morehead
1884 1883
April.
PORTS.
of
Burl. Cedar Ran. A No..
Canadian Pacific
Central Iowa
an
usual form.
Galveston
Kamc
instance of this latter kind ;
likely that the reduced movement of
important item of traffic
on
the roads in the extreme Southwest, should not have
left some decided mark on the earnings of the lines chiefiv
affected, though, of course, to a very much smaller degree
in April than in the months
preceding, the Gulf Colorado
& Santa Fe (which is not a Gould
road), actually recording
an
increase this time.
How very small the cotton
movement has been this
year, not only in Texas but all
over
the South, is shown in the subjoined table, in our
AT
GROSS EARNINGS FROM JANUARY
an
Texas, which is such
RECEIPTS OF COTTON
[vol.
Gross
Ed rnings
Atch. Top. ka & Santa Ft*
$
1,404.056
1,415,511
677,204
$
720.70;
1
05,101
7x0,353
217,310
252,1*13
152,352
171,510
04,097
-
1884
1883
*
■
Burl. Cedar Rap. & North.—
1884
1SS3
...
Chicago Burl & Quincy—
18.-4
1883
Denver A llio Grande—
1884
1883
Des Moines & Ft. Dodge—
1883
Missouri Pacific—
IN-4
*
*
81,861
3,743,424
3,514,842
1.013,122
033.176
0;;7 317
179.826
141,340
1.500,390
1,021.3!1
1,020,110
1.081.717
1,367,465
5.725,261
5,033,285
2.678,397
2,300,58*
453.005
435.255
17,750
1.332.076
124.543
548,5Su
344.357
204,223
1,400,877
401,373
25,580
28.020
10,024
10,035
5.050
0.885
79.270
70,511
22.088
3.242 486
1,026.921
3,274,870
1,177,03«
3,077,280
4,031,020
1.757,393
87,039
604,300
OO MU
508.815
253,943
204,744
2.106,028
-
2,897,585
15,313
•
1.187.738
1,141,337
*-
766.503
421.175
-*51.202
000,0-45
•
1883
Nsshv. Chart. A St. Louis—
1884
3 883
31.
-
1S-4
1S83
Louisville A Nashville—
1884
Jan. 1 to Mch.
Net
Net
Gross
Operating
Expenses. Earnings. Earnings. Earnings
206.810
206.16-1
Including Southern Kansas in both
118,880
1 -5 064
years.
*
1,714,370
THE CHRONICLE,
18S4]
Mat 1,0.
March,
Gross
NAME.
and France
Jan. 1 to Mch. 31.
j Operating
Net
Gross
Net
Y.A New England—
$
259,481
i8«4
,
210,298
•
217,334
1883..
Shenandoah v ailej
jpjg
1’4,083
113,350
£
$
113,003
4,642
758,759
40,482
779,703
70.215
247,596
103,981
648,675
609,166
59,581
01,410
50,074
8,444
14,842
174,225
153,126
17.859
def. 1,733
462.564
2-0,431
302,356
182.133
204.509
1,271,023
5Uo,Su5
1,402,988
438,001
492,410
4,002.627
2.593,076
1,404.551 11,003,593
2.763.953
3.035,266
1 455.427 11.830,952
4,203,179
747,667
023,472
256.502
T
1
changes
have
burg &
Enel-
Philadelphia A. Erie—
2=5,402
308,U69
....
Philadelphia .St Heading +—
163,232
187.612
|
117,120
120,457
no
necessary, why not arrange with France ?
evidence that, if the British Government could
come
to
a
satisfactory arrangement with France, any
objections. Italy
of the other Powers would have offered
would have followed France.
(all lines east oi intts-
1884
only parties besides Great Britain who
are
There is
256,867
51.137
•••
1883
Northern Centra.—
Penn,
$
53.025
293,311
Norfolk & Western—
1884.
]g£,g
9
207,456'
the
have any great interest in Egyptian finance ; and France
claims to hold more than half the Egyptian debt.
If such
Earning*. Expenses. Earnings. Earnings. Earningx
are
557
If France had refused her
consent, it would still have been competent for Great Brit
ain to act*
on
her
own
responsibility, and to do the best
As it is, by calling a Con¬
she could in the circumstances.
821,488
ference, Mr. Gladstone
least, to have placed his
country, in its particular relations with Egypt, at the
731,964
532,226
1$.<4
199,73sj 2,193,417 669,030 mercy
188?
of Europe. A Conference after Tel-el-lvebir would
phila.i Read. Coal & lion—
914,465 1,029.666 df. 115.201 2.850.264 df.297,644
jgjg
have
had
about it an air of dignity.
5
279
1,160,483' 1.148,725i
2g83
A Conference now,
11,758j 3,035,021
Rome Wat. & Ogdensburg133.163
47.112
64 261
327,544
after some eighteen months of ineffectual effort, lias tho
84,021
2834
def.43
120,024*
120,667
327,045 def. 12,750
2883
Utah Centralappearance of a confession of defeat.
V
81,59
232,315
46,391
35,208
82,299
2884
50,053
54,616
302,730
104,669
156,990
2888
.Under these circumstances, the patience which the general
West J ersey
50.746
82.493
218.979
82.353
31,747
2884
British public have manifested is something exceptional
2 JO, 725
76.849
29.670
71.249
47.179
1883
in British history; and it goes very far to show the faith
Jan. 1 to J pr. 30.
April.
NAME.
Gross
Net
Gross
which they have in the uprightness, the patriotism and tho
Operating
| Net
Earnings Expenses. Earnings Earnings Earnings
ability of the statesman who is now at the head of affairs.
*
J
*
| *
Mobile & Ohio—
170.000
45,000 |
125,000
199,584
2884
709,58 i
It would seem, however, as if their patience was at last
df. 4,397 j
128,866
133,268
2833
147,753
698,167
Oregon R’y & Nav. Co.—
171.900 ! 1,600,896
432,600
200,700 !
1884...
nearly exhausted; and recent demonstrations of public
399.290
178.807
220.483
1,43 '.62 i>
1883
opinion, in circumstances,which have given to the demon¬
Jan. 1 to Feb. 29.
February.
strations peculiar and exceptional significance, leave little
NAME.
Gross
Net
Gross
Operating
|
Net
room
to doubt that a political crisis lias at last been
Earnings. Expenses. Earnings. Earnings. Earnings.
8
8
8
$
?
Chesapeake & Ohio—
readied'.
It is a sure sign of change when the London
182.633
516.693
266,073
199.0(9
67.023
1*84
lo 1,031
192.670
1883..
253,416
505,416
Times abandons the Administration; and its utterances
Elizab. Lex. & Big Sandy—
8.294
.\
9,3.337
11.800
18-4
45,949
within th(' last few days furnish positive proof that it, too,
47.2! 5
U83
103,391 !
55,198
8,283
10,268
Union Pacific—
8.0s
6.8
J
7
344.951
lias
1884
become impatient of the Government’s policy of inde¬
1,547.960 1,201.013
j 580.42.5.
1.563.502
1.07::."21
1.007. 54
665.770 3 5: #0.078
1883
•
cision
and delay.
t Not embracing operations oi Cent r uofxew Jersey.
Tho Times has lent its weight to tho
motion tabled by Sir Hicks Beach, and which, on an early
THE CRISIS IX EGYPTIAN AI FAIRS.
day. will bring under review in the House of Commons the
The Egyptian di(Tieulty continues .to command a large whole
policy of the Government regarding Egypt. Thoshare of public attention.
will be one of commanding interest ; and at the
deflate
In the situation itself there is
nothing absolutely new. It is more apparent that the joint present moment it is extremely doubtful how it may
administration is a failure, ami that (treat Britain must result.
A vote of censure in ordinary circumstances is
either resign the management of a (lairs into the hands of followed bv the resignation of Ministers.
But, with the
the Egyptian officials, contenting herself with supervision^ ! Congress on hand and the Franchise' Bill not
yet passed
1.456 180
937.813
518 337
4,192,1- p,9
1,410,802
1,609,241
978.498'
690.743
4,731,878
1,992,181
'
- -
seems, at
(
Central of New Jersey—
-
—
,
nr
/ » - r\
( .1>•/♦!
■
i
’
Nil bar
Pasha
unqualified control
things are, responsibility is divided, and confusion,
especially in the interior of the country, is becoming daily
more evident,
(tenoral (Jordon remains shut up in Khar¬
toum; and his letter to Sir Evelyn Haring, read the other
night in the House of Commons, has made) it plain to the
British public and to the world generally that lie considers
himself the victim of a. heartless or incompetent adminis¬
as
suggests, or assume
As
| into
law, it is doubtful whether disapproval of his Egyptian
policy .would ho regarded by Air. Gladstone
sufficient
as a
reason
The
for
mere
abandoning the helm at the present juncture.
possibility, however, of such a result shows the
hi
gravity of the situation. Possible as it is, Mr. Gladstone’s
defeat is by no means certain.
He has a powerful follow¬
ing in the House ; and it is doubtful whether, among that
following, the feeling of the country is fully reflected.
tration.
Mr. Gladstone, in view of the coming Congress,* has the
The one feature of novelty given to the general subject best of reasons for
refusing to be catechised as to his
is derived from the coming
Congress, which, at the request future policy regarding Egypt ; and it will not be at all a
of the British (Government, is to meet in London the first
surprise if he should be strong enough to compel the
week in June, and the attention of which, it is understood,
House to halt in its endeavor to force a'dissolution.
A
is to be exclusively confined to the financial affairs of
general election could hardly fail to result in a Tory
Egypt. It is reasonable to, take it for granted that Mr. triumph ; but that is the very reason'why in the approach¬
(Gladstone has some distinct and well-defined proposals to ing deflate the Liberal members are likely to support their
make to the assembled
plenipotentiaries. Hut what those
proposals are lias not yet been very clearly divulged.
It
is understood that the Government. has
accepted the
recommendation of Sir Evelyn Paring that there should
be an extension of time allowed for the
payment of the
interest now becoming duo, and that, among-olhor changes
of
a
more
placed
on
or
the
less radical character,
same
level with -the
Congress been convened merely for the pur¬
pose of obtaining the consent of the Powers to such changes
m the
management of the financial affairs of Egypt? It
seems
hardly a sufficient cause for such a Conference. Ttaly
In
spite of present
Gladstone
mav
appearances to the contrary, Mr.
successfully meet all these troubles.
Intel-
Ieetuallv, at least,
ami if is difficult
he has shown
to
conceive
no
how
signs of
waning powers ;
a man so
fruitful
in
re¬
lie has
proved himself to be should not have
by the policy lie has been pursuing.
We evidently do not know all.
We do not know his
foreigners should be plans.
It may be that there is something which he wishes
natives in regard to to do, which he has not yet done, and that there is some
taxation.
But has this
chic if
sources
seen
as
his way to success
barrier which he wants to have removed
wav
for action,
if his
so as
to clear the
Ministry should survive the coining
debate, and if he should succeed in bringing about a satis¬
factory settlement of Egyptian affairs with the consent of
Europe, it would be a very gratifying close to an already
-long and surpassingly brilliant career.
658
MR.
THE
CHRONICLE.
GO WEN ON THE READING RAILROAD.
We
nine and twelve months ended March
presented in the following tables:
gladly give place to the following letter from Mr.
Go wen.
It calls for
no
comment from
[Vol. XXXVIU.
31, 1884
and 1883
*
<■
are
MERCHANDISE.
us.
-
Cresheim—Mount Airy, Philadelphia, May 6, 1884.
For the
month of
To the Editor of the Commercial and Financial Chronicle.
The statement in your issue of. May 3d that the earnings of
For the 9
For the 12
months ended ni'nths
ended
March 31.
March
March.
1884.—Exports—Domestic
31.
$54,822,812 $577,133,256
1,393,893
11,279,265
$744,973^524
Philadelphia & Reading Railroad Company for the four
Foreign
16,759,907
Total
$56,218,705
$588,412,521
ending March 31st of the present year show a
61.225.820 505,185,758 $B>1.733^431
Imports
68 3,258.642
relative loss of over $2,100,000 as compared with those of the Excess of
exports over imports $
$33,226,763 $78,474J89
same time last year, while
entirely correct, may lead to very Excess of imports over exports 5,007,115
$75,575,318 $636,383,364
erroneous conclusions and do great injury
to innocent holders of 1883.—Exports—Domestic
$790,003,780
2,076,502
Foreign
14,135,128
18,719,022
the property unless explained. For years the productive
Total
capacity
$77,651,82U $650,518,492 $308,727,802
of the anthracite mines has been in excess of the demand,
Imports
00.780, tU-3 545,108,030
and
742,508,875
Excess of exports over imports $16,871,217 $105,410,462
$66,218,927
over-production has been prevented by voluntary suspensions Excess of imports over exports
of mining, which last year amounted to GO
days, of which 51
GOLD AND SILVER—COIN AND BULLION.
days were within the fiscal year of the Philadelphia & Reading 1834.—Exports—Dom.—Gold.. $10,460,215
$14,136,070 ~$15,234462
Railroad Company which ended November 30, 1883. The lat¬
do
Silver..
1,123,014
11,432,801
15,173,919
Foreign— Gold
1,763,920
3.005.393
ter company has always endeavored to induce the other com¬
5,489,771
do Silver.'.
965,089
8,791,326
10,472,709
Total
panies to throw all the suspensions of mining into the winter
$14,312,238 $37,415,590 $46,420,561
Imports—Gold
$900,801 $16,117,358 $19,058,970
months; but as the Philadelphia & Reading Railroad Company
Silver
1,203,677
11,470,626
13,992,558
was shut off in the
past, by the closing of the canals, from sup¬
Total
$33,051,528
$2,104.478j
$27,587,934
plying the New York market in winter, the other companies Excess of exports over imports $12,207,700' $9,827,600 $13,369,033
Excess of imports over exports
i
having railroad connections with New York were unwilling to
1883.—Exports—Dom.—Gold..
$105,680 J $7,822,817 $23,595,964
increase the winter suspensions. Since the
do
acquisition of the
Silver..
1,331,105
8,961,154
11,762,789
118,500
Central Railroad Company of New Jersey, the Reading Rail¬
Foreign— Gold
365,033
795,999
do
Silver..
1.626,369
5,666.353
7.023,66*
road Company has been placed on terms of
equality with the
Total
$3,241,654 $22,8 lr>,3t»2 $18,178,412
other companies for the winter trade of New
York, and for the
Imports—Gold
$3,244,859 $14,792,537 $15,805,606
Silver
1,522,888
8,233,310
10,716,411
present year the companies have voluntarily agreed to increase
Total
$4,767.7
47 $23,025,317 $26,522,017
the winter suspensions to such an extent that for the months
Excess of exports over imports
$21,656,395
of December, January,
"$210*185
February and March last -they have Excess of imports over exports $V, 526.093
amounted to 48 days, as against but 24
TOTAL MERCHANDISE AND COIN AND BULLION.
days of idleness in the
18S4.—Exports—Domestic
$66,406,041 $602,752,127 $775,431,605
corresponding months of last year. The expected decrease of
4,124,902
Foreign
23,075.984
32,722,387
earnings was pointed out in the last annual report of the com¬
Total
$70,530,643 $625,828,111 $308,153,992
Imports
63,330,298 532,773,742 716,310,170
pany, and is not so great as might have been expected from
Excess of exports over imports
7,200.643 $03,054,369 $91,843,822
the increased number of idle
days.
Excess of imports over exports
the
months
“
....
For tlie four mos. named last year the net
earnings were.
For the same four months this year
$2,597,(335 81
Increased fixed charges on account of
Central RR. of New Jersey lease
1,898,189 72—
$2,841,243 73
Relative loss in earnings
Of this the loss on Central New
$2,141,797 04
958,804 28
Jersey lease
was
Balance,
same as
$2,841,243 73
$2,597,635 81
939,325 4 4—
above
1,658,310 37
Imports
Although I
am no
longer connected in
any manner
management of the company, I cannot but feel
sonal interest in
its
success;
and I
trust
you
with the
a deep per¬
will do me the
kindness to publish this letter in the next issue of
your paper,
for the information of those who hold its securities.
Very
respectfully,
Franklin B. Gowen.
IMPORTS *AND
EXPORTS FOR
MARCH, 18S4,
AND FOR THE NINE AND TW/jJL VE MONTHS
ENDED MARCH 31, 1884.
[Prepared l>3r the Bureau of Statistics and corrected to April 22, 1884.]
Below is given the ninth monthly statement for the cur¬
rent fiscal year of the
imports and exports of the United States.
The excess of the value of exports over
imports
or
of imports
exports of merchandise was as follows:
Month ended March 31, 188 4 (excess of imports)
$^,007,115
Three months ended March 31, 1884 (excess of expotts)... 21,210,007
Nine months ended March 31, 1*84 (excess of exports)
83,226,7' 3
Nine months ended March 31, 1883 (excess of
exports)
103,410.462
over
The total values of
imports and of domestic and foreign
exports for the month of March, 1884 and 1883, and for the
$15,313,124 $105,199,977
$87,875,322
The following is a statement'
showing, by principal customs
districts, the values of merchandise imported into, and ex-*
ported from, the United States during the month of March,
1884,'and the values of imported merchandise remaining in
the warehouses of the United States March
$1,182,933 30
it has lost in the earlier months.
3,821.371
20,166,519
26,538,690
$80,893,47 i $6/3,333,854 $856,906,214
65,548,350 568,133,877 769,030,892
Excess of exports over imports
Excess of imports over exports
Customs Districts.
The loss of
$958,864 28 in the working of the Central New
Jersey lease must he expected in the winter months, when
the coal trade is suspended, and when the
monthly rental goes
on, and will he made up in the latter
part of the, year : and I
doubt very much whether, in the previous
history of the
Reading Railroad Company during the last five years, any
period of time having twenty-four more idle days in coal
mining, than a corresponding period in another year, can be
found in which the loss resulting from
such increased Suspen¬
sion of mining was not greater than $1,182,933 3G.
As against
the 51 days of idleness in its last fiscal
year—suspensions of
mining amounting to G3 days have been agreed upon for the
present fiscal year, viz;, 48 in December, January, February
and March, G in April and 9 in May.
These G3 days of idle¬
ness should he sufficient to do
away with the necessity for fur¬
ther restrictions of production prior to November 30 next. And
if the Philadelphia & Reading Railroad
Company can have full
time in the coal trade after June 1, it will soon make
up what
$77,072,103 $653,167,335 $830,367,524
Total
699,446 09
Balance, representing loss of Reading RR. Company net
earnings due to increased suspensions of mining..'
$1,182,933 36
Or the same result is obtained thus :
Four months’earnings last year
Same months this year
Net earnings Central New Jersey
1883.—Exports—Domestic
Foreign
Imports.
31, 1S84:
Remain’ng
Domestic
Foreign
Exports.
Exports.
in war eh'st
Mar. 31,’84
$
$
'
$
Alexandria, Va
Apalachicola. Fla
Baltimore, Md
821
1,274,145
Bangor, Mo
6,949,584
83,253
358,796
19,942
203,277
43,854
Fernamlinn, Fla
Galveston, Texas
Huron, Mieh
Key West, Florida
59,635
227,126
19,393
-8,786
45,725
165,816
6,425
6,546,991
1.008
3,405
95
1 47
59.038
106,659
186,307
307,057
28,5 69
1,965,925
267,276
23,0! >2
7.21S
3,083
316,551
49,206
38.540
4,705
Minnesota. Minn
Mobile, Ala
New Haven, Conn
49.785
Niagara, N. Y
Norfolk andPortsm’th.Va.
Oregon, Oregon
2'786
‘
Y
Pensacola, Fla
Philadelphia, Pa
Portland & Falmouth, Me.
Portsmouth, N. H
Providence, R. I
6.698
3,575,464
337,592
Puget Sound, Wash. Ter..
Riellmoml, Va
57.017
_____
10,427
817,252
20,918,906
%
.7,585
145,413
51.570
165,459
39.729
99,979
357,192
595
2,686 544
3,963
973,410
10.329
1,049
8,258
2,085.691
126,828
9
39.271
26,396
8,954-
21,499
131,064
23
141 357
19,376
2.031,477
14,488
110,252
4.423
3,37(h94 4
58,275
101,792
74,344
Francisco, Cal
Savannah, Ga
Teche, La
Vermont, Vt
22 565
403,526
14,548
1 2,403
Willamette. Oregon
Wilmington, N. C
2.
34,605
394,809
507,567
Beverly, Mass..
Saluria, Texas
Interior p >rts
All other customs districts
52,292
34,400
3,219
21
57,297
29,519
80,597
37,101
38,227
134,559
367
473.969
98
1,950
828
262,087
390,040
1,566,904
8.631,673
42,761,299 22,280,746
70
349,999
Oswego, N. Y
Paso del Norte, Tex.&N.M.
Passamaquoddy, Mo
Pearl River, Miss
Totals
4,779,203
1,903,406
UO 587
New Orleans, La
New York, N. Y
191,416
88,669
523
Detroit, Mich
San
451
1,634
109,920
Brunswick, Ga
Buffalo Creek, N. Y
(’ape Vincent, N. Y
Champlain, N. Y
Charleston, 8. C
Chicago, 111
Corpus Christi, Texas
Salem and
-
192
Santiago, Tex...
Oswegatchie^ N.
"
'
39,234
Bath, Me
Beaufort, S. C
Boston -& Cliarlesl’n, Mass.
Brazos de
$
30,736
41,252
2,431,159
1,720,640
...
1,681,197
3.15b
40O1
20,199
144,266
1 83°
110,464
179,353
131 -> 57
28,460
40,521
26,464
m
9
m
m
.
148.398
23
98,542
61.225.S20 54.822.812 1,395,893
33.330.212
*
May 10,
STATEMENT FOR APRIL, 1884.
THE DEBT
The following
CHRONICLE.
THE
1884.]
is the official statement of the public debt as
it appears from the books and Treasurer’s
of business on the last day of April, 1884:
returns at the close
INTEREST-BEARING DEBT
Character
of Issue.
3a of
Author¬
When
izing Act.
Payable.
1882.. July 12,’82
4i«sof 1891
4s*of 1997..
’70 and ’71
’70 and ’71
Amount
Inter st Periods.
Outstanding.
Registered.
Coupon.
$254,621,950
At option, Q.-A.
Sept. 1, ’91 Q.-M
July 1,1907 Q.-J.
$
193,561,650
56.438.350
587,315,200
150,336,750
$1,035,498,800 $206,775,100
$29 8,450
14,00 0,000
ctfs. Feb. 26,’79
3s,navyp.fd July 23,’68
4a, ref.
LIABILITIES, APRIL 30, 1884.
Post-office Department account
Disbursing officers balances
Fund for redemption of notes of national banks “failed,”
“in liquidation,” and “reducing circulation”
Undistributed assets of failed national bauks
Five per cent fund for redemption of nat’l bank notes.
Fund for redemption of national bank gold notes....
Currency and minor-coin redemption account
Fractional silver-coin redemption account
Interest account, Pacific Railroads and L.& P. Canal Co
Treasurer U.8., agent for paying interest on D. C. bonds
Treasurer's transfer checks and drafts outstanding
Treasurer’s general account—
*
Interest diie and unpaid
$2,142,709 47
Matured bonds and interest
316,116 40
Called bonds and interest
11,362,411 69
Old debt
763,563 54
Gold certificates
101,116,200 00
Silver certificates
116,374,231 00
Certificates of deposit.
15,025,000 00
Balance, including bullion fund
Total Treasurer’s general account
$1,256,57*2,350
Aggregate °f interest-bearing debt..
559
Less unavailable funds
foregoing issues there is a total of $2,112,709 interest
over-due and not yet called for. The total current accrued interest to
date is $6,381,499.
payment, of $12,128,405 principal and $313,636
bonds embraced in this total the principal is
as follows: 5-20s of 1862, $355,400; do 1864. $49,400; do 1865,
$60,050 ; consols of 1865. $278,900; do 1867, $556,500; do 1868,
$97,150; 10-40S of 1864, $180,400; funded loan of 1881, $296,600;
3*8 certs., $5,000; 6s of 1861, continued at 3^ per cent. $262,750; 6s
of 1863, continued at
per cent, $45,850; 5s of 1881, continued
at 3*3, $717,800 ; loan of 1882, 3s, $8,287,100.
been presented, for
interest. Of called
DEBT BEARING NO INTEREST.
Character of Issue.
Authorizing Act.
Old demand notes
Amount.
July 17, ’61; Feb. 12, ’62
Feb. 25, ’62; July 11, 62 ; Mar. 3,’63
Legal-tender notes
Certificates of deposit June 8, ’72
March 3, ’63; July 12, ’82
Gold certificates
Silver certificates
February 28, ’78
Fractional currency
Less amt. est’d lost
|
or
July 17, ’62;
’63;
Mar. 3,1
Air
o-,-.
Aggregate of debt bearing no interest.
5
694,710 31
Amount
45,686,932 05
130,314,065 00
29,158,480 47
5.150,842 97
44,415,395 00
20,876,250 00
45,765,333 28
9,950,325 54
5,979 40
12,048,744 30
Deposits held by national bank depositaries
Minor coin
New York and San Francisco exchange
One and two-year notes, *fcc
i.
Redeemed certificates of deposit, June 8,
726,924 10
' 10 50
105,000 00
290,090 42
1872
Quarterly interest checks and coin coupons paid
United States bonds and interest
Interest on District of Columbia bonds
99 60
117,899 35
Speaker’s certificates
Pacific Railroad interest
paid
plouctatuj|©cnixnxevctaX guglislx J£cwb
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
Interest.
EXCHANGE AT
$250,000,000
737.651.950
254.621.950
298,450
14,000 0O0
Refunding certificates.
Navy pension fund
Total interest-bearing debt
$L.256,572,350
Debt on which ini.has ceas’d since maVrity
12,128,405
Debt bearing no interest—
Old demand and legal-tender notes
346,739.521
Certificates of deposit
15,025,000
Gold and silver certificates
217,490,431
Fractional currency
6,983,107
Decrease of debt during the past month
Decrease of debt since June 30, 1883...
Current Liabilities—
Debt on which interest lias ceased..
Interest thereon
Gold and silver certificates
U. S. notes held for redemption of cei-jcifieates of deposit.
Cash balance available May 1, 1884.
Time.
On-
$8,527,208
313,686
$580,238,059
Debt, less cash in Treasury, May 1, 1884
Debt, less cash in Treasury, April 1, 1884
LONDON—Apr. 25.
Rate.
EXCHANGE ON LONDON.
Latest
Date.
Time.
Rate.
■
4,229
Total
!$1,854,938,814|
$8,845,125
Total debt, principal and interest, to date
‘$1,863,783,939
Total cash in Treasury
j
399,753,205
Interest due and unpaid
$150,638,693 67
6,983.107
Interest-bearing debt—
.
Gold coin
Gold bullion
Standard silver dollars
Fractional silver coin
Silver bullion
Gold certificates
Silver certificates
United States notes
National bank notes
National bank gold notes
Fractional currency
4,229
Outstanding.
Total debt bearing no interest...
Unclaimed Pacific Railroad interest
399,753,205 85
5495,251,565 65
RECAPITULATION.
Bonds at 4*2 per cent..
Bonds at 4 per cent
Bonds at 3 per cent....
9,785,842 70
30, 1SS4.
11
$586,233,059
Unclaimed Pacific Railroad interest
63,617 75
1,050 00
61,102 88
$ 400,447,916 16
n ii
8,375,934
10
21
09
00
47
$495,251,565 65
ASSETS, APRIL
116,374,231
June 30. ’64 5
destr’yed, act J’e 21,’79
$58,505
346,681.016
15,025.000
101,116,209
38.652,016
479,669
13,889,996
197,709
34,571
153,347,684 06
On the
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
There is a total of over-due debt yet outstanding, which has never
$6,866,315 42
25.466,409 18
‘$1,464,030,733
1 1,469,262.809
$5,232,075
Amsterdam.
Short. 12 0'8 @12*178
Apr.
Amsterdam. 3 mos. 123®12*358
20*59
@
20*63
Apr.
Hamburg...
Berlin
20*60
@20*64
Apr.
20*60
@20-64
Frankfort...
Apr.
12-25
Vienna
@12-30
Apr.
25-40
@25-45
Apr.
Antwerp....
Paris
25*35 @25*40
Apr.
Paris
Checks 25‘1713@25*22:L> Apr.
8t. Petersb’g 3 mos.
Apr.
2l!4@24i>irt
Genoa
25*421g@25*4712
Madrid
463s@46ig
Apr.
Cadiz
46^8 @46*2
Lisbon
5218®5214
Alexandria..
Apr.
New York... On dem
4878 3>4914
Bombay
Is.
Is.
Calcutta
Hong
..
..
.
■
I
60 days
Kong..|
Shanghai
25
25
25
25
25
Short.
25 Checks
25 3 mos.
25
...
“
7i3lca.
7i»ied.
3
mos.
ii
Apr. 25 -Cables.
Apr. 25
Apr. 25
ii
ii
Ypr.
24
Am*.
24
20*42
25*40
12*15
25*22
25 18 *3
25 19
241316
47*30
25
23
12*03 ^
20*41)13
Apr. 25
Constant’ple
..
25 Short.
4
mos.
97
110*12
4*90
18. 778d.
77sd.
s-VL
5s. l7sd.
Is.
3s.
$87,060,473
I From our own correspondent. J
$2,142,709
12,128,405
313,686
London, Saturday, April 26, 1884.
gold
to reach Europe in considerable
continues
15,025,0c 0
152,652 973
quantities, but. owing to the very easy condition of the London
Total
$
$399,753,205 market, the greater proportion is being sent to the Continent.
Available Assets—
^
For some time past the Continental exchanges have been some¬
Cash in the Treasury
$399,753,205
;
what adverse to us, and a few parcels have been taken from
BONDS ISSUED TO THE PACIFIC RAILWAY COMPANIES.
the Bank of England on Dutch account.
The diversion to the
INTEREST PAYABLE BY THE UNITED STATES.
Continent is largely due to the appearance of a new Russian
Interest
Balance of
loan, and the movement is favorable, as it shows that some
Character of
Amount
Interest paid
repaid by interest paid
Issue.
outstanding.
by U. S.
by U. S.
transportdrn
profitable use is to be made of it in the construction of railways
in the Russian empire.
We have an accumulation of gold in
Central Pacific.. $25,885,120 $24,229,108
$4,756,630 $13,824,206
Kansas Pacific
6,303,000
3,055,243
3,263,180 this country which is more than adequate to all requirements,
0,318,423
Union Pacific
25,774,94)
9,899,271
15,976,674
27,236,512
Central Br. U. P..
1C 2.400
1,428,480 and it is quite probable that it will remain intact, if not in¬
1,600,000
1,597,808
Western Pacific..
1,717,998
9,367
1,970,560
1,727,365
crease, so long as there is so little enterprise.
At the present
Sioux City & Pae.
130.928
1,382,218
1,628,320
1,513,147
time there is no tendency to improvement, although the money
Total
$64,623,512 $61,160,798 $13,012,810 $42,492,759
market is now extremely,easy. The disposition is to operate
The Pacific Railroad bonds are all issued under the acts of Julj* 1.
1862, and Jul3T 2, 1864; they are registered bonds in the denominations with great caution in every department, though there is no
Of $1,000. $5,000 and $10,000; bear 6 per cent interest in currency,
eason for believing that any serious difficulties exist.
During
payable January 1 and July 1, and mature 30 years from their date.
the current year, however, many arrangements have been
made, and obviously there is a want of confidence. It is beUNITED STATES TREASURY STATEMENT.
ieved, therefore, that the process of recovery will continue to
The following statement, from the office of the Treasurer, 3e slow.
was issued this week.
No change was made by the directors of the Bank of EngIt is based upon the actual returns
hom Assistant Treasurers, depositaries and superintendents of
and in their published rate of discount.
The open market
Joints and assay offices:
rates of discount have been falling, and the price of three
_
..
217,490,431
America’s
560
THE
months’ bank
bills is
low
CHRONICLE,
1^4 per cent, while short loans
approved security are obtainable at 1 per cent. The Bank
of England return is favorable, and the proportion of reserve
to liabilities has risen from 47*75 per cent to 49'Of per cent. At
this date last year it was only38percent.
The total reserve*
owing to a decrease of £212,920 in the note circulation, and an
increase of £191,388 in the supply of gold, has been augmented
to the extent of £404,308.
The total reserve is now £15,777,330,
against £11,323,013, and the supply of gold is £25,327,730,
against £21,186,056 last year.
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:
as
as
on
Bulk Hills.
|1
Mi
I
|
Three
j
Four
Trade Bills.
Disc' t H'sps
!
Six
Three
|
Six
Four |
At
Stock
7 to 14
Months,Months Months Months Months Months Banks. Call. Days.
Mar. 21
“
28
Apr.
“
3
3
4 2k
2k
18 2k
25; 2k
11
“
“
2k© —|2k@
2-m -:2?4®
-
2
—
@ -2
2k©
@
2%@3 :2%@3% 3 @4
-
2%®2k2k©3 2%@3%3 ©4
2- 2k©2k 2k@2?I 2%@3k
lk© -2
-
—Ilk©
2
2
2
2H~2h
2k-2k
lk m-m
lk m-m
lk 134-1%
1
DA-l'A
Ik
Ik
Ik
lk
-j2k©2k 2k©2k 2]4®2-H 2%@2H 2%@3'4
LI©
1%@
2
@2J4 2 @2k 2>4@2% 2%@3>4
-Aim - L-f@2k 2 @2k 2k@3
The
following return shows the present position of the
England, the Bank rate of discount, the price of
consols, the average quotation for English wheat, the prico of
middling upland cotton, of No. 40 mule twist, fair 2d quality,
and the Clearing House return for the past week, compared
Bank of
with
previous
years :
Circulation
Public deposits
1884.
1883.
1882.
£
£
£
25,300.100
7,153,257
24,820,207
Other deposits
25,(J 13,0 15
6,847,736
22,634,063
1 1,334,017
21,65 1,2 SG
Govern in’t seeuri t ies. 12,430,202
Other securities
21,01 1,051
Res’veof notes <Nj coin 15,777,3JO
Coin and bullion in
both deportments..
Proportion of
£
26,256,115
5,623.093
6.829,563
25,183,791
24,917,529
13,332,007
15.402.590
18,000.554
11,323,013
21,401,513
13,590,882
15,397,133
21,186,058
23,777,067
26,103,253
38's
102q
41 *3
3 p. e.
104 3i
41s. Sd.
46s. 3d.
6:V,d.
Otsd.
9-7-s L
98,078,000
98,317,000
reserve
to liabilities
19-01
2 k p. e.
102 V?
37s. 3d.
0 Ijd.
lOd.
Bank rate
Consols
Eng. wheat,
1881.
25,936.135
.
price
av.
Mid. Upland cotton
No. 40 mule twist
Clearing-House ret’n.
..
3 p. e.
98,078,000
49 *4
2 Ci
Tlie Bank rate of discount and open
chief Continental cities now and for the
have been as follows:
i*. <•.
10103
44s. 9d
6d.
9 lid
97;d.
will, it is said, be opened in Berlin, Amster¬
Petersburg on the 29tli inst. The price of issue
will be £89 per £100 bond.
Although the loan will not be for¬
mally introduced here, coupons will be made payable in Lon¬
dam and
St.
don.
Financially, the more prominent feature is the introduction
of the Government financial statement, which is now
being sub¬
jected to much criticism. This was natural when so important
a
proposal is made as a reduction in the interest on the national
debt. Taken as a whole, the proposal lias been
favorablyreceived, but it could only be accomplished in times
when
money is so cheap as it is at present.
The Chancellor of the
Exchequer olfers to the holders of consols a 2% per cent stock
96,095,00.0
market rates at the
previous three weeks
into
The
new
Indian Government and railroad securities. Three
per cent
consols have somewnat declined in value; but
thepercents
and Indian securities have risen in price to a moderate
extent.
There has also been
Ayr. 21.
Ayr
of
Interest at
Bank
Hate.
Oven
Market
Bank
^Open
Bank
Open
Rate.
Market
Bute.
Market
Bate.
Market
2-k
3
Berlin
4
3k
4
3'g
31.4
—
-
—
Amsterdam
Sk
Brussels
3
3
3k
—
3
5
Madrid
5
5
5
4
4
St. Petersburg..
6
•°>k
534
3
214
2k
4
O
—
«
3k
proposal of tlie Chancellor of the Exchequer regarding
light gold coinage, by issuing a new half-sovereign of less
intrinsic value, is not very popular. Half-sovereigns are seldom
exported, but it is to be feared that the sterling character of
our present coinage would suffer were the
change to be made.
A remedy is no doubt difficult, as it is difficult to distribute the
loss.
The wheat trade is
regarded as being in a more satisfactory
position, and is said to be firm. At Liverpool an advance is
quoted : but there is no corresponding movement in London.
The business doing is almost entirely for actual
consumption,,
at full prices.
The weather lias become more seasonable, and
a
moderate quantity of rain has fallen. This will be bene¬
ficial, as we*now expect vegetation to make steady progress.
Tlie crop prospects, belli here and on the Continent, are fav¬
orable.
O
O
5
5%
3k
S’A
3
<>-!• *
5
5
4
3k
4
3k
0
6
6
6
■
In reference to the state of the bullion market
past week, Messrs. Fixity & Abell observe
Bar gold, fine
oz.
d..
8.
77
9
77
Bar gold, contain’g
20 dwts. silver..oz.
77
8pan. doubloons.oz.
73
Wheat
i
S.Am.doubloons.oz.
73
U.S. gold coin...oz.
Ger. gold coin...oz.
7(3
3k
77
10k
73
Ok
Cake silver.
73
8k 1
Mexican dols...oz.
7(3
3k
Chilian dols
...
S.
Wheat
gold..oz.
...oz.
Apr. 17.
d.
d.
1881-82.
1,465,643
1,5*3.05 5
197,254
1880-SI.
1,247.204
1,649.291
152,129
55
49%
oz.
i
2
*
3 )
352- S3.
(1.
32
3
5
19
9
s.
41
94
21
d.
4
5
1
1SS1-32.
-
s.
d.
46
5
8
32
20 11
1880-81.
8.
d.
42
33
24
9
0
3
Converting quarters of wheat, into hundred-weights, the
kingdom are estimated as follows :
total sales in the. whole
1883-8 4.
1832-83.
1831-82.
1380-81.
Wheat
cwt.29,523,400
29,817,800
25,401,470
21,61?,2 JO
l^’This aggregate is arrived at by multiplying the sales iu the 187
mar nets above by 3k, and t ha t result is reduced to ewt.
by multiplying it
by 4i;j. This proportion between the 187 markets and the totals for tlie
kingdom is adopted by the London grain trade and is accepted by it ai
producing a result approximately correct.
The following return shows the extent of tlie imports of
cereal
produce into the United Kingdom during the first 34
weeks of the season, &c.:
1883-81.
i 50/4
51
Tenders will be received at the Bank of England on
j
.
j
51k
1832-83.
Wheat
cwt. 33.683,599
42,543.007
Barley
11,186,320
Oats
Peas
Beans
Indian
Flour
11,881.616
7.492,811
9,582,6:0
1,425,472
1,785,395
12,5S2,0e3
11,642,785
1.112,134
coru
1,609,235
17,101,369
9,712,405
Supplies of wheat and Hour available
including stocks on Sept. 1), 34 weeks :
54%
49 9 10
1
1383-84.
Imports of wheat, cwt.33,683,599
Imports of Hour
9,712,405
Tuesday
£1,500,000 Treasury bills under tlie usual conditions.
subscription list of the new Russian 5 per cent railway
1832.
2,349,000
257,000
mrouTS.
Apr. 24
5tk
per qr.
Barley
Oats
Sales
of
home-grown
produce
29,528,400
week for
The
225,399
1883-8 4.
silver,containgrs.
1882 83.
1,721,9s3
1,913,9 5-1
2,044.2-73
2,989,659
423,969
Oats
follows:
Bar silver. Qne..oz.
Ing 5
qrs.
Curley
during the
Price of Silver.
Bar
10k
OJk
8k
as
d. j
»
284,0.X)
AVERAGE rIIICES.
A p \ 17.
s.
2 (5,0( 0
2,260,000
216,000
240,000
:
j
of Gold,
Apr. 24..
reported
Last year.
1,910,000
SALES.
Madras.
Silver has improved in price since our last, and to-day 5Id. could be
obtained. Only £30,000have arrived front New York, and the marker Is
almost hare at the present moment. The P. Sc O. steamer takes £103,800 to Bombay and £15,000 to Calcutta, and the “Ravenna,”
sailing
this day, takes £15,000 to Bombay.
Mexican Dollars.-With only oiic arrival of £9,000 from New York,
there lias been but little doing'in these coins, and the last quotation at
which business was done is 19'Ud., showing an advance of 3-L0d.
during
the week. The “Ravenna” takes this afternoon £119,130 to China and
the Straits.
are
Last week.
1,850,009
1383-84.
having absorbed a large'amount, including £32,0(4) in Hutch coin, sold
by the Hank of England. £50.000 in sovereigns have been withdrawn
for Lisbon. The “Cathay” takes £70,000 to
Bombay and'£2,0C0 to
Price,
At present.
home-grown wheat, barley and oats in the 187 principal mar¬
England and Wales during the first 34 weeks of the
season, together with the average prices realized, compared
with 150 markets in the three previous seasons :
New York, and of this amount the Bank of England has taken £192,000.
The balance lias boon bought for India and Holland, the latter
country
quotations for bullion
following quantities of wheat, flour
afloat to this country :
kets of
Gold.—Further heavy shipments are reported from America, the
amounts afloat-from that country being £1,850.000; the total
exports
from the United States to Europe, have-now reached £5,35 7.009.
We
also have to report the arrival of £530.4'>0 by various steamers from
Tlie
corn are now
117,000
132,500
177,000
In the annexed return is shown the extent of the sales of
3
—
3%
2%
govern¬
The
Wheat
:...qrs.
Flour..v
Indian corn
3
—
2k
314
?%
Vienna
2'A
4
3
—
314
234
3
municipal
the
Ap r. 3.
Ayr. 10.
Open
3
moderate demand for
It is estimated that the
Bank
Paris
Frankfort
Ham bun:
17.
a
ment securities.
and Indian
Bates
stock for each £100 of consols
rate of £14)8 for each £100 of consols.
new
2}.> percents, at the
2% per cents are to be redeemable at any time after
1905, but the 2}£s are not to be subject to redemption; £100 con¬
verted into 2% per cents will yield £2 16s. Ul.
per cent, while
the 2}2 per cents will yield £2 14s. per cent. Tlie effect of
the
proposal on tlie Stock Exchange lias been to cause a transfer of
the 3 per cents into the existing 2}£ per cents, as well as into
or
for deposits by
Ki
London
XXXVItt
loan for £15,000,000
at the rate of £102 of the
Interest allowed
Open market rates.
IVol.
I
Total
72,924,404
18.31-8?.
1880-8L
37,313.922
9.080,348
6,029,500
1,511,922
1,129,014
1.534,606
13,952,388 21,079,554
0,1.64,342
8,675,54d
for consumption (not
10,544,206
9.428,415
6,112.612
1,150,743
1882 83.
1831-82.
42.543,0o7
11,642,785
40,514,206
6,164,342
29,847,800
25,404,470
21,618,200
84,033,652
7 2,113,018
‘6L607.46
Mat 10,
THE CHRONICLE.
1884 J
1882-83.
1853-31.
price of English
AVcre
wheat for sea son.qrs.
39s. 3 1.
Visible sup ply of wheat
S the U S
hush. 27,950,000
Supply of wh at and
flour afloat to U. K.
2,191,000
quarters
1890-81.
18S1-82.
41s. 4<1.
46s. 5cl.
22,600,000
12,100,000
2,430,000
2,417,000
42s.
9d.
33..11679587894522064——TThhliee
Annexed is
Amount
l«S2-3.
1891-2.
334.886
64,813
101,289
392,69 J
45,954
the 1st of April last, compared with
January 1, 1884, and with April 1, 1883:
the United Kingdom on
April 1, 1884.
2,063.931
853,784
Wheat
qrs.
Flour, sacks (280 lbs.)
Flour, hb’.s. (196 lbs.)
Indian corn
cjrs.
17.732
200,478
do.
do.
137.203
Oats
Beans
Peas
do.
48,211
20,q71
Barley
do.
Jan. 1,1S84
April 1. ’S3.
2,814.300
861,853
1,24 9,488
872,741
23,186
29,002
166,713
264,331
180,438
591,072
55,41s
15,769
3
20,540
479,653
70,00
30,675
390,798
Amount on deposit to redeem
hank notes May 1, 1884
*
daily closing quotation for securities, &c., at London,
and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending May 9:
The
d.
Silver, per oz
50%
1017,6
101%
Mon.
Sat.
Liverpool.
Thurs.
Fri.
5034
50%
50%
5034
1013»
115%
78-47% 78-82% 78-92%
315%
115%
115%
125%
125%
125%
49%
48%
49%
84
85%
82%
19%
18%
16%
13034
129%
127%
61%
61%
60%
18%
21%
20%
115
115%
f 113%
.......
1153*
Wed.
50%
101%
Consols for money
101%
Consols for account
FFch rentes (in Paris) f r. 78 < 2% 78-20
13 5*2
(l 15%
U.S.4%sof 1891
125 %
126
U. B. 4sof 190T1.
48%
48%
Canadian Pacific
84^
84%
Ohio. Mil. & St. Paul
19
19*4
Erie, common stock
130b
130%
Illinois Central
61%
61%
Pennsylvania
21%
Philadelphia & Reading. 21%
New York Central
Tuts.
Mon.
102
Tues.
1011316 101%
101 34
101%
Wed.
Thurs.
10191(5
101U16
78-77%
1153s
1253&
49%
83
1G%
127
60%
17%
Flonr (ex. State)..100 lb. 11
“
Wheat, No. 1, wh.
Spring, No. 2, n
Winter, South, n
“
Winter, West., n
“
“
"
Cal., No. 1
Cal., No. 2
Corn, mix., old...
8
7
9
7
8
7
5
5
68
d.
3
7
7
8
8
2
“
“
Com, mix., new..
“
Pork, West. mess.. $ bbl.
42
Bacon, long clear
Beef, pr. mess, new, $ to. 87
Lard, prime West. $ cwt. 43
Cheese, Am. choice
66
7
2
1
0
6
0
0
0
8.
11
8
7
9
7
8
7
5
5
68
42
86
43
66
d.
3
7
7
8
8
2
7
2
1
0
6
0
0
0
8.
11
8
7
9
7
8
7
5
5
68
42
86
43
66
d.
3
7
7
8
8
2
7
2
1
0
6
0
0
0
8.
d.
11
8
7
9
7
8
7
5
5
68
42
86
43
06
3
s.
11
8
7
9
7
8
7
3% 5
7
7
8
8
2
7
2% l_5
0
6
0
3
0
63
42
-6
43
66
d.
3
7
7
8
8
2
7
Jan. 1.
$40,272,224
Feb. 1.
$
794,46s*
included above, $659,489.
Mar. 1.
4
3
0
6
0
6
0
11
8
7
9
7
8
7
5
5
08
43
86
43
66
3%
0
0
0
6
0
April 1.
$
752,021
May 1.
$
$
$
665,612
751,136
776,057
Liquid’t’g bks 13,154,278 13,143,469 12,755,254 12,493,617 11,950,761
Reduu’g und’r
act of 1874. 25,352,098 27,551,898 26,784,058 27,528,018 27,649,851
Insolvent bks
'
39,300,844 41,447,388 40.315,369 10,774,772 40,272,224
Bonds Held
National Banks.—The
following interest¬
ing 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
depositories on May 1. We gave the statement for April 1
in Chronicle of April 5, page 411, and by referring to that the
changes made during the month can be seen.
by
TJ. S. Bonds Held
Description of Bonds.
Fri.
d.
3
7
7
8
8
2
7
4
502,518
the last five months:
113%
8.
—
natioual
Public
3s, Act July 12, 1882....
Currency 6s
May 1, 18S4, to Secure—
Bank
Deposits
in Banks.
8.
$40,774,772
$2,014,800
2,5i7,4o8
According to the above, the amount of legal tenders on
deposit April 1 with the Treasurer of the United States to redeem national bank notes was $40,272,224.
The portion of this
deposit made (1) by banks becoming insolvent, (2) by banks
going into voluntary liquidation, and (3) by banks reducing or
letiring their circulation was as follows on the first of each of
Total
Sat.
1,593,398
$319,446,079
Circulation of natioual gold banks, not
Deposits by—
English Market Reports—Per Cable.
London.
—
outstanding May 1,1SS1*
Ler/al Tender Notes —
on deposit to redeem national hank
note* April 1, 1S94
Amount deposited during April.
Amount reissued A bn’k notes retired iu Apr.
return showing the stocks of foreign grain in
a
$314,039,477
$963,440
2,556,83S
Amount
CWt. 4 50/71
1833-4.
National Bank Notes—
Amount outstanding April 1, 1834
Amount issued during April
Arnouut retired during April.
21,300,000
EXPORTS OF WHEAT AND FLOUR IN SEVEN MONTHS.
Wheat.
Flour.
561
Total Held.
Circulation.
$8,857,430
120,000
$181,964,800
3,503,000
$190,922,250
3,623,000
1,631,500
6,476,050
43,324,500
108,826,330
44,956.000
115,302,400
$17/85.000
$337,618,650
$354,703,650
5 per cents
4% per cents
4 per
cents
5s, ext. at 3%
6s, ext. at 3%
Total.
Coinage
United States Mints.—The
following state¬
kindly furnished us by the Director of the Mint, shows
the coinage at the Mints of the United States during the month
of April and for four months of 1884:
by
ment
Gfam wcvctal and miscellaneous Jleurs
National Banks.—The
following national banks have lately
Month
been organized:
Denomination.
York National Bank, York, Neb.
Capital, $50,000.
Pieces.
George
W. Post, President; Lee Love, Cashier.
Comm u'cial National Bank of Omaha, Neb.
Camtal, $250,-
Ezra Millard, President;
Taylor. President.
Michael
No cashier.
First National Bank of Montague, Texas. Capital, $50,000.
George W. Barefoot, President ; Wilt. A. Morris, Cashier.
3,165—The National Bank of Westfield, N. Y. Capital, $50,0.0. Edw’d
A. Skinner, President; John A. Skinner, Cashier.
Washing on National Bank. Kansas. Capital, $109,000.
Edwin C. Knowles. President; Jacob 8. Alspaugh, Cashier.
First National Bank of C ran bury, N. J. Capital, $50,000.
John 8. Silvers, President; Charles Applegate, Cashier.
Merchants’ National Bank of Bismarck, Dakota Territory.
Capital. $100,000. John A. McLean, President; Edward Mc¬
Mahan, Cashier.
People’s National Bank, Burlington, Kan. Capital, $50,000.
Warren Crandell, President ; Thomas W. Foster, Cashier.
First National Bank of Meeiianicville, N. Y.
Capital,
$50,000. John C. Green, President-; no Cashier.
Merchants’ National Bank of Tacoma, Wash. Ter. Capital,-
W. J. Thompson, President; N. B. Coffman, Cashi*r.
Dillon National Bank, Dillon, Mon. Ter. Capital, $50,00.*.
Double
Eagles
Half eagles
Three dollars
287,192
$
5,743,840
Total
Legal Tenders and National Bank Notes
May 1.—The Comptroller of the Currency has furnished
to
the
following, showing the amounts of national bank notes out¬
standing April 1, together with the amounts outstanding
May 1, and the increase or decrease during the month; also
the changes in legal tenders held for the redemption of bank
notes up to May 1:
us
610,4 00
215,190
ni>
........
gold
Standard dollars
43
216
108
2,783
2,783
/
A
3,989,060
394,168
6,572,537
2,300.000
2,300,000
9,309,510
9,300,510
510
510
255
127
6,000
1,780,510
178,051
2,310,000
11,082,040
9,478,943
66,750
4,384.272
219.214
68
Quarter dollars
Dimes
100,000
•
Total silver
2,400,010
Five cents
Three ecnts
1,335/00
J
36,600
2,272
6,517,072
103,350
10,903,616
284,453
7.543,706 ' 4.402,410
22,379.824
16,335,933
........
One cent
4,995,000
1
One Hundred
•*-
150,706
Half dollars
Tolal coinage
Cashier.
61,010
43,038
.
$100,OnO.
Value.
Dollars
Total minor
in
Pieces.
Quarter eagles
Justin E. Morse, Cashier; no President.
Merchants’ National Bank, Plattsburg,
N. Y.
Capital,
Alfred Guibord, President; John M. Wever, Cashier.
Citizens’ National Bank of Fort Scott, Kansas.
Capital,
$100,009. John Perry, President; Charles H. Oshun, Cashier.
Meridian National Bank, Miss.
Capital, $100,000. W. II.
Hardy, President; J. II. Wright, Cashier.
First National Bank of Flushing. Ohio. Capital, $50,000.
Jacob Holloway, President; Frank M. Cowen, Cashier.
First National Back of Greele}', Col.
Capital, $89,000.
James L. Ewing, Vice-President. No President. No Cashier.
Metropolitan National Bank of Chicago, III. Capital, $'00,OoO. Elbridge G. ileith, President; Henry A. Ware, Acting
$
1.394.0C0
380,060
215,000
00,700
L 8,006
43,000
eagles
$50,000.
Changes
Value.
o/1884.
'
Alfred P. Hopkins, Cashier.
First National Bank of Key port, N. J. Capital, $50,000.
000.
Four Mouths
of April.
and
Twenty-seventh Call
65,171
for
Bonds.—
A
Treasury circular, dated Washington, D. C., May 3,1884,
gives notice that the principal and accrued interest of the
bonds herein below designated will be paid at the Treasury of
the United States, in the City of Washington, D. C., on the
twentieth day of June, 1884, and that the interest on said
bonds will cease on that day, viz.: Three per cent bonds issued
under the act of Congress approved July 12, 1882, and num¬
bered
as
follows
$50—
$100—J
|
$500—
$1,000—|
$10,000Total....
:
Grig. No.
404 to
Grig. No.
3,3^8 to
Grig. No.
9,474 to
Grig. No.
1,586 to
Orig. No.
3,982 to
Orig. No. 13,356 to
Grig. No. 22,695 to
Orig. No. 22,076 to
Orig. No.
Grig. No.
Orig. No.
Grig. No.
Grig. No.
442, both inclusive.
3,8 to, both inclusive, and
9,478, both inclusive.
1,737. both inclusive, and
3,986,
Orig. No. 14.471.
Grig. No. 22.732,
Orig. No. 22,953,
both inclusive.
both inclusive,
and
both inclusive.
both inclusive.
$10,000,000
THE CHRONICLE.
562
The bonds described above
I
[Vol. XXXVUl.
Toledo Cincinnati & St. Louis.—A meeting of some
original ”
of
the St. Louis Division bondholders of the Toledo Cin.
& st
issue, which have but one serial number at each end, or “ sub¬
Louis Railroad was held at the Parker House, Boston
on
stitute ” bonds, which may be distinguished by the double set
Tuesday, in response to an invitation to hear remarks bv> Mr
of numbers, which are marked plainly “ original numbers,’
Austin Corbin on plans for the reorganization of the
road
and “substitute numbers.”
are
either bonds of the “
All of the bonds of this loan will
The Chairman announced that Mr. Corbin
was not able to
by
by the original numbers only. Many of the bonds present, and that he would be represented at the meeting be
his attorney, Mr. Armstrong.
After some remarks by ofher
originally included in the above numbers hare been transferred parties, Mr. Henry D. Hyde traced the
history of the road for
or exchanged into other denominations
on “waiver,” the the past year, and said that the present state of affairs threat¬
original numbers being canceled, and leaving outstanding the ens the existence of the whole system, all the Ohio branches
having been advertised for sale on the 28th of June. Every
amount above stated.
one is agreed that the line from Toledo to East St. Louis
should
Imports and Exports for the Week.—The imports of last be held together
He could see no advantage
as a main line.
week, compared with those of the preceding week, show an at the present day in trying to establish a new committee and
increase in both dry goods and general merchandise. The organize a new plan, as this would only make confusion where
confusion has already brought much injury. All have come
total imports were $8,304,541, against $7,513,279 the pre¬ to the conclusion that the road must be
changed from a nar¬
ceding week and $8,485,041 two weeks previous. The exports row gauge to a standard gauge. He did not believe that a
for the week ended May 6 amounted to $G,033,295, against better committee than the present could be had, and it was un¬
desirable to make a new appointment.
$5,934,831 last week and $5,157,159 two weeks previous. The
Mr. George Win. Ballou, who favors new
offered a
following are the imports at New York for the week ending motion that a committee of five be appointedplans,
to represent the
(for dry goods) May 1 and for the week -ending (for general bondholders of the St. Louis division of the Toledo Cincinnati
merchandise) May 2; also totals since the beginning of first & St. Louis Railroad Company in arranging a new plan of re¬
organization, and that this committee shall confer with the
week in January:
present committee who represent the main line bondholders
FOREIGN IMPORTS AT NEW YORK..
as well as the St. Louis division and Mr. Austin
Corbin, for
the purpose of harmonizing the interests of all, and that
For Week.
1881.
1882.
1883.
1884
the committee shall be Messrs. Geo. N. Smalley, Jonathan
Dry goods
$1,231,817
$1,728,434
$1,256,125
$1,956,791 Dwight, Weston Lewis, Samuel Atherton and I. A. Evans.
Gen’lmer’dise..
9,373,972
6,064,307
5,895,777
Mr. Hyde moved as a substitute that the present committee
6,437,750
confer with Mr. Corbin.
After some discussion, Mr. Ballou’s
Total
$10,605,759
$7,792,741
$7,151,902
$3,394,541
be called
Since Jan. 1.
$43,131,603
10^237,777
Dry goods
Gen’l mer’dise..
*52,131.156
126,446,668
$48,608,564
113,822,419
$46,114,345
110,714,909
Total 18 weeks. $152,369,385 $178,577,821 $162,430,983 $156,829,254
In
our
report of the drygoods trade will be found the im
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending May G, 1884, and from January 1 to date:
For the week...
Prev. reported..
.
1832.
1883.
$6,144,881
105,985,669
*7,123,664
Mr. Ballou and Mr. Corbin have not
it is understood in general terms that
they rather favor the holders of income bonds and stock, and
propose to give the present first mortgage bondholders pre¬
ferred stock of the new company instead of bonds having a
lien on the property. Whatever other features the bondholders
may consent to, it would seem to be ill-advised for them to
surrender their present mortgage bonds for any stock or in¬
come
bond which should not have
a
definite
lien
on
1884.
$6,033,295
$7.-583.931
the
in that
case new mortgages could be put on at any
time which would take precedence of their stock. On the other
property
;
hand, the first plan, of which Messrs. Quigley and his
EXPORTS FROM NEW YORK FOR THE WEEK.
1881.
motion was carried.
The proposed plans of
been made public; but
asso¬
ciates are the committee, might be modified so as to give the
second mortgage bondholders the privilege of voting on their
bonds, and thus a voice in controlling the company.
Virginia State Bonds.—Messrs. John A. Hambleton & Co.,
suit against the City
Total 18 weeks. $134,235,327 $112,130,560 f 125.961,665 $102,446,478
Judge Bond and the
following
is
text of his decision which only reiterates and
the
The following table shows the exports and imports of specie confirms former
opinions :
127,111,663
118,377,734
96,413,183
said in their circular of April 26 : “The
Treasurer of Richmond has come before
at the
since
port of New York for the week ending May 3, and
January 1, 1884, and for the corresponding periods in
,
1883 and 1882:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Geld.
Exporls.
Week.
Great Britain
France
Germany
West Indies
Mexico
Sjuth America
AU other countries...
Total 1884
Total 1883
Total 1882
Silver.
Great Britain
France
German
West Indies....
Mexico
South Amerioa
All other countries...
Total 1884
Total 1883,
Total 1882
Imports.
Since Jan.l.
$1,172,531 $26,452,008
979 152
300.0 »0
Week.
Since Jan. 1.
$
$..
136,451
275,807
4,352,824
1,631,841
2,396,645
7,917
117,332
40,447
449,934
3,666
300,500
82,112
700,854
$3,068,437 $35,934,306
121,250
2,014,760 12,911,753
2,248.143
652.801
650
$148,034
6,73«
21,316
$3,101,033
4,728,937
479.808
“Tiie court is of opinion that the defendant was a trespasser in levy¬
ing on and seizing the plaiutiff’s property after the plaintiff had ten¬
dered to him the coupons described in plaintiff’s replication iu payment
of his taxes, and that the act of the General Assembly of the St »te of Vir¬
ginia, approved January 26, 18^2, and the act of the Geueral Assembly
of said State which commands the defendant to levy on the plaintiffs
property after said tender of coupons, both of which acts are referred
to by the defendant in his rejoinder, are unconstitutional and void, so
far as they command the defendant to refuse said coupons, and so far
as they commanded the defendant to levy on and seize
plain itf’a prop¬
erty after said tender of coupons, and therefore constitute no defense to
the defendant for his said trespass.
It is therefore considered by the
Court that the plaintiff’s demurrer to the defendant’s rejoinder be sus¬
tained, and that a iury inquire of and assess the plaintiff s damages.”
“We quote the opinion of an able lawyer in Richmond on the
bearing this decision will have
“This decision
on
the State bonds;
is^of course, most satisfactory and important to the
bondholders, and most creditable to their counsel, to obtain this re-affir¬
mation by so hull a tribunal of the strength of their contract. The im¬
mediate effect of the deolsion however, should n it be over-estimated, for
you will observe that it does not yet'remove materially the obstructions
to the present use of the coupon iu any way which is
likely to induce a
present demand for them for actual use.”
‘ ‘
$223,000
26,970
$4,467,494
361,817
*
.
$1,063
41,034
21.444
16,013
167,478
36,916
41,595
8,347
1,190,676
66,021
18,521
37.052
2:5.381
4,156
83,068
$254,126
$5,183,930
$61,276
9*,000
$1,529,221
5,541.394
4.199,357
19,820
15,207
1,021.741
520.0J0
1,766.919
Of the above
Judge Bond at the same time rendered his decision in the test
brought by Mr. Royall, which involved the question as to
whether it was or was not lawful to tender coupons in the pay¬
case
ment of
of April
license fees.
The
case was
alluded to in
our
Circular
The decision says in substance that the Court was
not called upon to determine whether the charge made for a
license was a tax or a demand, payable by the petitioner in
coupons.
The petitioner had no right to violate a law of the
State because an officer of the State refused to accept such pay¬
12.
as was tendered.
The warrant for his arrest and the
mittimus which held the prisoner were in due form, and the
ment
imports for the week in 1884, $5,030 were
petitioner, instead of violating one law when the State officers
gold coin and $5,007 American silver coin. Of the violated
another, should have brought his action according to
exports during the same tim9 $402,200 were Amirican gold
law against the officers who refused to grant liis license. The
coin.
writ of habeas corpus was refused, and the prisoner sent back
into custody.”
Seaboard & Roanoke.—On May 6 the annual meeting of
Auction Sales.—The following, seldom or never sold at the
the stockholders of this company was held in Portsmouth.
John M. Robinson, President, and all the old officers were re¬ Stock Exchange, were sold at auction this week by Messrs.
Adrian H. Muller & Son:
elected. Tne report of the President showed the gross earn¬
Shares.
I
Shares.
ings for the past year to be $663,526; expenses, $479,747; net 100 Pitts. Ft. Wrtvne <k Chic
} 25 Central Ptr. North & E.
7 per cent guar
earnings, $186,778.
1441*
12958
Riv. RR Cj
American
,
Spring Mountain Coal.—The stockholders of the Spring
Mountain Coal Company are asked to surrender their certifi¬
cates of stock to the Union Trust
Company for redemption.
The charter of the coal company will soon expire, and as its
property has been purchased by the Lehigh Valley Coal Com¬
pany, it has been thought best to wind up its affairs.
The
stockholders will receive $26 in cash for each share of $50.
IU
G Chem 1 Nat. Bit .2 303 to 2,271 i
20 imps, vfc Traders’ Nat. Bir.270
j
4 2 B nk of No. America ....107bj i
40 420 St. & Grand St. Ferry
|
HR. Co
262
i
20 42d Sr. & Grand St. Ferry
RR. C >
263
20 Dry Dock E. Broadway &
Battery RR Cj
210*3
25 Citizens Fire Ins. Co
1451*
100 Hull’s luteruat’l Iron &
for $25
Bonds.
$1,000 Met. Gas Lulit Co. 6
p. c. bond, doe 1901 ...1081*
$10,000 Jersey C. Water Loan
7s, due 1911.10 >53 iOT^&int.
$15,000 Rio Gr. & Pecos Ry.
Co. 6s, g.f due 1912..for $100
SteelC*
...
May 10,
THE CHRONICLE.
1884..
statement showed
Jhe IJawkers' da^rtte
DIVIDENDS.
The
following dividends have recently been announced :
Per
Cent.
Name of Company.
When
Books Closed.
Payable.
(Days inclusive.)
Railroads.
May
Cleveland & Pittsb. (guar.), quar.
Juju (Jit?
“ “"
Seaboard Si Roanoke
NEW
YORK,
1»4
16
June
$3 50 May
5
1
FRIDAY,
May 11 to June 8
15
May
1
MAY
563
—
--
9, 1S54-5 1\ M.
Market and Financial Situation.—The sen¬
week in financial circles was the failure on Tues"
a gain of
14,787,000 francs in gold and
1,870,000 francs in silver.
Exchange.—The market for sterling has not been so strong
during the last week, and though the rates have continued
nominally unchanged, the exports of specie have ceased. The
posted rates throughout the week have been 4 88 and 4 90,
but the Canadian banks on
Friday lowered their quota¬
tions one-half a point.
The rates for actual business on Fri¬
day, the 9th, were as follows : Sixtv days, 4 87@4 8734; de¬
mand, 4 89@4 8934 ; cables, 4 S934@4 89}4.
Commercial
bills have been very scarce at 4
85@ 4 86.
Quotations tor foreign exchange are as "follows, the prices
being the posted rates of leading bankers:
The Money
sation of the
May 9.
Sixty Days Demand.
Prime bankers’ sterling bills on London
Prime commercial
4 88
4 90
day of the Marine National Bank of this city, and the concur¬
4 863*
commercial
4 86*4
rent collapse of the firm of Grant & Ward, with liabilities of a Documentary
Paris (francs)
5 1678
5 143Q
great many millions. It is not believed that the methods that Amsterdam (guilders)
40 3*
41
led to the failure of the Marine Bank are at all common to Frankfort or Bremen (reiohmarks)
96
95M
other banking institutions, but naturally the failure has dealt
United States Bonds.—Government bonds have been in¬
a severe shock to public confidence, which is manifest in the
active at a slight concession in the selling
prices of leading
renewed severe decline that has taken place in the stock issues.
market. In addition to this unfavorable feature, the market
The closing prices at the N. Y. Board have been as follows:
has also been adversely affected by a number of events and
Interest May
May
May
May
circumstances peculiar to particular properties. Thus there
May May
Periods.
3.
5.
6.
7.
8.
9.
have been rumors of receivers for both the Wabash and the
Denver & Rio Grande, while the most has been made of the 4*38,1891
reg. Q.-Mar. Ml21e *112*4 *112*8 *112*8 112
112
IT.
depression in the coal trade and the large loss of earnings by
*4.-4
i..
4*88,1891
■ »
ooup.
.
J
Q.-Mar.
113*4
11338
113*8
113
113
*113*8
4s, 1907
reg. Q.-Jan.
123*4 *123*4 *123*4 *123*4 123
123
Philadelphia & Reading. Then this afternoon the Union 4s,
1907
coup. Q.-Jan.
123*8 123*8 123*8 123*4 123
*123
Pacific was again reported to have decided to pass its July 3s, option U. 8
reg. Q.-Feb. *1003* *100*2 *100*2 *1003* *100*2 *100*9
dividend (denied on a former occasion, and again contradicted 6s,cur’cy, ’95
*129
*129
reg. J. A J. *129
129
*129
*129
*131
reg. J. A J. *131
*131
*131
*131
*131
after the close of business to-day), while a statement that the 6s, cur’oy, ’96
63, our’oy, ’97
*133
reg. J. A J. *133
*133
*133
*133
‘133
Central Pacific would at least make a reduction in its rate of 6 3, cur’oy,
*136
’98
reg. J. & J. *136
*136
*136
*136
*136
distribution found general credence. Erie second consols and 63,cur’oy. ’99.. .reer. J. A J. *138 *138 *138 *138 *138 *138
stock have experienced marked depression, by reason of the
This is the price bid at the morning board; no sale was made.
fact that the company had pledged a large amount of Chicago
U. S. Sub-Treasury.—The following table shows the receipts
& Atlantic 2d mortgage bonds with the failed firm of Grant and
payments at the Sub-Treasury in this city, as well as the
& Ward, leading to reports that this would cause a default balances in the
same, for each day of the past week :.
in the payment of the June interest on the bonds.
Balances.
In the general industrial situation there has been little or no
Date.
Receipts.
PayvieiUs.
Coin.
change. There is still a widespread disposition to reduce the
Currency.
cost of producing all kinds of manufactured articles, and also
$
$
$
$
to reduce the cost of operating railroads and other means of May 3..
1,084,637 36
1,805,622 59 128,665,567 66 10.392,798 83
5..
1,418,387 02
transportation by reducing the wages of labor, &c.; and
2,091,526 02 128,015,595 66 10.369.631 83
6..
1,278,557 18 *2,016,978 44 127.345,174 70 10.301.631 53
though no prominent instances have attracted public notice
7..
50
946,572
1,225,664 73 127,161,294 45 10,206,419 55
in the last few days, it is known that these movements are in
8..
1,195,620 68
2,14 >,813 25 126,081,230 82 10,341,290 61
9..
progress in almost every line of business. The iron and coal
1,156,726 91
1,640,202 04 125,752,926 65 10,186,119 65
trades and all their cognate industries remain conspicuously
Total
7,080,551 65 10,920,807 07
depressed.
Inoludes $515,000 gold certificates canceled and sent to
The movement of grain from the seven principal Western
Washington.
State and Railroad Bonds.—The general volume of busi¬
cities to the Atlantic seaboard continues heavy. But the move¬
ment from farmers’ hands to these same Western cities is not ness in the railroad bond market has been scarcely so large in
very large in the aggregate.
The export movement of bread- the last week as in the preceding one, but there has been a
stuffs has for the last two weeks been in excess of the same more general and larger decline in prices than in any previous
time last year, but the smaller shipments of cotton have tended week this year. Public confidence seems to have been some¬
to diminish the supply of bills from that source ; nevertheless what unsettled by the increasing troubles arising out of the
the market for sterling has been weak and- lower.
A new competition, and the consequent reduction of rates of freight on
feature, however, in the exchange market is the hardening the railroads. But, aside from this, there have been some
rates for money in New York and the lower rates in London,
special causes for declines. The failures of the Marine Bank
which have this week apparently caused a cessation in the ex¬ and of Grant & Ward resulted in a heavy fall in Erie 2d
consols as soon as it became known that the Erie had some of
ports of gold.
The export of about $32,000,000 of specie in a little over two its funds involved in the bank, and that the Erie paper had
months up to last week has had the effect, as said, to harden the been endorsed by the concern that failed.
The business
money market here as well as relax it in London, and notwith¬ in Erie consols in the last three days was enormous, and the
standing that money is cheaper than usual at the West, and that result a decline of 1534 Per cent. The West Shore 5s
domestic exchanges generally are in favor of New York, and also were
were
unusually active,
but
pretty firm
The range of fluctuations of the
money consequently flowing this way, the rates in New York through the week.
have advanced all around. During the last week money on other most active issues was as follows, viz.: North¬
call on stock collaterals has been 3 and 4 per cent, against
\% ern Pacific firsts at 104)4, 105%, 104%, ' 10534, 104%;
and 2 a couple of weeks previous. Time loans have been
stiffly Metropolitan Elevated firsts at 105, 100%, 10234; Wabash gen¬
held at 4 to 4% per cent, instead of 334, an(* the rates of dis¬ eral mortgage 6s at 49, 50, 48, 4934 ; Texas & Pacific land
grant
count for mercantile paper have been "advanced 34
cent, to incomes at 45%, 47, 45)4 ; Texas & Pacific Rio Grande divis¬
4% and 5 for first-class double names for 2 and 4 months and ion firsts at 66, 66%, 64, 64)4 ; other changes were : Declined—
to 5^ and 6 for single names.
Chesapeake & Ohio currency 6s, 1 per cent; Denver & Rio
The last weekly statement of the averages of the New York Grande consols, 2% ; Denver & Rio Grande Western firsts, 4 ;
banks showed a decrease of $2,468,400 in deposits, which was East Tennessee incomes, 3 ; East Tennessee 5s, 2; New York
mainly the result of the exports of specie and a consequent Chicago & St. Louis firsts, 134 5 Rome Watertown & Ogdens,
loss of $2,218,200 in the average of the specie
holdings in the consols, 2. Advanced—Canada Southern firsts, % ; Chesapeake
banks. As a result of this the banks reported a surplus reserve & Ohio Series B. 1% ; Denver & Rio Grande firsts,
434 ; Oregon
of only $806,000,
against $1,604,125 at the same date last year. & Trans-Continental firsts, 3; Oregon Improvement firsts, 4.
The following tabie shows the changes from the previous
Railroad and Miscellaneous Stocks.—The stock market
week and a comparison with the two preceding
years in the was depressed throughout the week by a variety of unfavor¬
averages of the New York Clearing House banks.
able developments.
The most prominent of these was the
the
*
—
—
★
*
Thio i
a
YMti/iA
hi
,
“
“
“
“
“
...
*
1834.
May
3.
Differ'nces fr'm
l*rcvious Week.
1883.
May
failure of the Marine National Bank and of Grant & Ward
Tuesday. Following this came the report that, owing to
1882.
5.
May
6.
Loans and dis. $ 141.090,500 Dec $1,365,000 $115,507,100 $315,235,600
8pecie
55,9 ♦7,100 Dee 2,218,200
55,769,100
65.741.100
Circulation
14,417,500 Dec
76,3 K
16,233, GOT
18,781,600
Net deposits.. 333.215.6 >0 Dec.
2,463,400 296,970,300 302,679.000
tenders.
28.112.8 >0 Dec.
12,700
20,077,600
19,579,000
Lepal reserve $33,303,900 Doo. $617,100 $74,242,575 $75,669,750
Reserve held.
84,109,900 Dec. 2,230,900
85.320.100
75,846,700
..
Surplus
.
$306,00^ Dee. $1,613,800
$1,604,125
$9,650,350
The weekly statement of the Bank of
England showed
jjj&u of £59 in specie, but the percentage of
banking department
the
preceding week.
was
reduced to 48
per
a
in the
cent from 4834
reserve
Money in London continues extremely
abundant, and the Bank rate remained at 234 per cent, while
tbe rate in the street was
The Bank of France weekly
continued
bickering of
on
the
Trunk Line railroads, Com¬
resignation, which made
a
prospect of a disruption of the Trunk Line Pool.
There
were
also, as stated above, rumors that the
Wabash was about to pass into the hands of a receiver,
missioner Fink
the
had tendered his
and more definite information that the Central Pacific would
reduce its dividends; and finally, late on Friday, rumor had it
that the Union Pacific would pass its next dividend for July.
The latter rumor proved to be untrue, and served to indicate
that all these events have been exaggerated by the bears
for the purpose of depressing the prices of stocks.
The
coal shares (particularly Reading) displayed marked weakness,
and Erie also was noted for its downward tendency. The Van¬
derbilt specialties and the higher-priced Gould properties have
been tolerably well sustained.
THE CHRONICLE.
564
EXCHANGE PRICES FOR WEEK ENDING MAY 0, AND SINCE JAN. 1, 1884.
NEW YORK STOCK
HIGHEST
STOCKS.
RAILROADS.
Canada Southern
Cen t ral of New J ersey
Do
Do
1st pref....
2d pref
Chicago & Alton
:
Quincy.
Milwaukee & St. Paul
Chicago Burlington it
Chicago
pref.
Do
Chicago &
133
77 c8
82 »4
*60
47 *8
44
47 4
46 4
79 U
48 Hi
'10 4)
Central Paclllc
Chesapeake & Ohio
77Ka
82:>i
132
Northwestern
Do
prof.
Chicago Rock Island & Pacitie
Chicago St. Louis & Pittsburg
Pref.
Do
& Om.
Chicago St. Paul Minn.
Prof.
Do
Cleveland Col. Cinn. & Ind—
Cleveland & Pittsburg, guar..
Columbus Chic. & Ind. Cent..
Delaware Lackawanna*West.
Denver & Rio Grande
East Tennessee Va. <t Ga—.
*21
*14
138
122 4
1223.1
82'h 83 ;t.i
11278 112 7e
ni'<8 113 4
141 4 142
119
1194
- - -
4s
Do
leased lino4 p.c.
West’n
934
*504
Do
Manhattan Beach
common.
Co
Memphis & Charleston
Metropolitan Elevated
Michigan Central
Milwaukee L. Sli. * Western.
Do
prof
Minneapolis & St. Louis
Do
pref.
Missouri Kansas <fc Texas
Missouil Pacilio
Mobile & Ohio. .T
Moms «fc Essex
Nashville Chattanooga <fc St.L.
New York Central * Hudson.
New York Chic. & St. Louis ..
pref.
Do
pref
Do
12'4
64
114
*84
16
*14
1214 1234
814 84
214
113
113
ill 4 1124
141
141
119
119
31 4
94
52
94 4
13
6-4
*72
46
95
’
164
954
'454 *47'
*924
934
*51
52
1934
934
1934
101
103
80 4 82
*36 4
13
934
36
101
80
*364
"37*4
12 4
25 4
16
13
27
174
82 4
154
804
80 4
*11
12434
50
1124 1134
74
74
*15 4
1134
7 4
*154
484
1.834
10
-
*184 *19*4
49
13 4
484
isi
49
134
*1*6” **1*6*J,
10
4
44
^*'8
prof.
pref.
1st pref.
764 784
464 474
*10 4
114
*21 4 "224
*15
164
*10
214
r
424
76
47 4
11
16
138
1104 1114
1094 11034
4
314
94
51
92 4
44
;
1214 1227s
7934 814
i*22*‘
112
112 4
140 4
1404 1404 139
11734 1184
1174 118
*25
*10
*21
214
1*38**
*9
484
41a4
74 4
464
48
139
138
12 L 4 122 4
81
82
113
113
30
(Shares).
374
23 4
51 a4
*2 4
21 4
24
20
7y
154
18
14 4
424 434
414
184
*14
194
10
26
30
10
30
30 34
92 a4
47
1294 129 4
94
1144 1164
114
5 34
*164
114
*37
128
85
154
41
128
85
*3
198
*37
127
124
5 34
114
10
9134
274
30 34
92 4
43
45
1124115 4
1134 13 4
*5 34
64
*114 12 4
38
4
*5*
198
41
127
125
'*14*4 *1*44
154
*13
”9*434 ”96*4
484
42 4
7641
11,262
474
35,408
11
22
16
33,890
*
*2*16
*
122 4
6,642
814
250,458
1114 112 4
109
110 4
720
81
140
139
118
1184
9 4 '94
”3*6 4 "3*6*4
924
44
93 4
4734
15
84
94
45
454
95
60
154
454
474
*92
*55
1334
72
72
1254
* 9*5
72
464
*10
6
125
*844
144
150
400
5,260
5,025
7,800
**35** *35*
102
79
79
13
12-4
28
174
814
25 4
126
*50
52
112 4 113 4
74
74
v15 4
*105
90
17
154
794
1244
74
90
154
794
12 34
25 4
16 4
80
3,524
714
1,950
4534
464
32,230
21
3,9*66
109
100
300
77
784
7834
184
34
102
78 34
*3*5** **3*5*
22** "*234 *2*3*" **24*
154
784
17
80 4
15 34
79 4
164
804
2,300
1,210
3,130
*
*5*66
524
1,600
31,541
138,700
****75
6244
74
154
130
90
18
45 4 48
13 4 13 4
183 4 183 4
10
10
934
15
100
15
504
4
84
71
34
102
102
ii*2*4 i'1’24
T05
13
183
6,135
....
**5*3*" *63"
35"' ’*35*
13
500
130
55*' **55*
■*3*5" * 35*
*2634
154
125 4
1114 113
*7 4
734
13
14
*9*6” *9*6*
154
45
13
164
46
13
1834 183 4
1124 113
74
734
*13‘4 15
**8*9*4 *8*94
13 4
35
134
183
10
164
40
134
183
104
*4
*13
**6*0*6
189,685
3,710
1,205
93
Texas & Pacific
Uuio.i Pacific
58 4
15
4
Wabash St. Louis & Pacific...
84
prof.
16 4
Do
MISCELLANEOUS.
American Tel. A Cable Co
Bankers’ A Merchants’ ’Pel.... 1194 1194
Colorado Coal A Iron
Delaware A Hudson Canal.... ib’44 1054
75
75
Gold A Stock Telegraph
158
New York A Texas I,and C’o.. *150
21
22 4
Oregon Improvement Co
77
737y
Oregon Railway A Nav. Co
4-1 4 45 4
Pacific Mall
1104 110 4
Pullman Palace Car Co
4
4
4
4
4
254
514
3
22 4
1934
14 4
43
184
14
L7 4
L4
41
1334
364
17 4
14
184
3534
130
130
9
14
*34 ”3*34
15 4
*2*5 *4
734
84
24 4
24
627
21
2134
5,750
53-\
64
*174) *18*4
14
14
34*4
354
50 4
2434
7-
61
25
74
”*”!*38*
334
40,937
163.134
700
100
93,055
1,200
300,820
92 34
161
60 4
94
17 4
86-’4
8634
87
87
90 4
14 34
55 4
914
16
573j
94
16 4
91
15
917b
119
1644
ioi” ioi*
Do
prof
American
United States
*133
*97
594
Wells, Fargo A Co
INACTIVE STOCKS.
ft-
60
Cellar Falls A Minnesota
Central Iowa. 1st pref..
*110
84
614
135
99t
59 4
119
*12
119!.i
14
103-4 104 4
55
1194
15 3^
57 4
8
15
9,760
**2*66
330
462
135
99
62
79
*76 4 "77”
20
444
*424 ’444
108-4 1094
*34
5
1084 1094
134 4 1314
133
98
*58
112
98
61
112
*24
59 4
964
30
604
96 4
*58
60
TOO
113
462,235
5,350
13,370
119
119 3t
43
138
1
3*338
} ,750
18
78
6,352
21,860
3,682
4334
1084
*2*5 4 *2*6’
594
134
97
58
T05
614
97
68
112
**2*0*6
603a
614
*134
93
*57
133
*107
112
207,538
300
69 4
69
69 4
100
100
924
Feb. 23 141
2
Feb.
'
1334 May
Apr.1
934 Jan.
Jan.
42s4 .fan. 1
17 4 Mar.
46 Jan. 1
82
Jan. 1
42
Jan. 1
15
Jan.
32
Jan.
90
Jan.
77
May
10
Feb.
334 Jan. I
124 May
22
May
135a Apr.1
784 May
8 4 Jan. I
1214 Jan. I
Jan.
85
J
an
134 May
35
May
12
Jan.
Jan.
3534 Feb.
1834 Jan.
404 Jan.
2
Apr.
16-4 Apr.1
6 4 M ay
15
Jan.
15 4 Apr.:
Jan. I
13
May
193.t Jan.
33 4 May
88
Jan.
20
Jaii.
37 4 Jan. !
84 4*Jan. :
25
Mar.
86
Apr.
84
Jan. :
14
Apr.:
55 4 May
7 4 M ay
14 4 M ay
55
May
104 Jan. :
103
75
May
Jan. :
1224 Jan.
18
70
May
Apr.:
4034 J
103 4
an. :
Feb/:
44-Ian. !
254 Jan. !
694 May
Apr. ‘
Apr. :
10
*64
PennsjTvania Coal
Spring Mountain Coal
*
These aro the
*250
49 4
74
prices bid and asked;
*250
no
sale
was
made at the Board.
t Ex-priviloge.
7 4
100
114
23
75
10*
Mar. 18!
Jail.
4
Feb. 13'
Mar. 6;
P’eb.
127
58
122
200
824
148
844
354
334
1144
864
584
68
53%
90
,53
30*
11!
55
954
1004
18
484
304
684
344
1064
194
1294
Hi
Jan. 29
Mar. 14
Mar. 13'
644
1294
154
104 Feb. 151
2034 Feb. 14|
Apr. 28
94 4 Apr. 12
2830.1:10. 5
85
105
125
May
164 Jan.
894
404
83
3!
524
4
183
l|
7;
6
Feb. 28,
184 Feb. 16:
2si
214
11
42
494
18
Feb. 25!
Fob. 15!
Jan.
7
27
534
904
144
364
144
57-4 Jan.
7,
3 4 Jan.
7!
25 4 Mar. 17
9
24
Mar. 19,
Mar. 22
34-4 Jan.
17
Feb.
32
89
28
7
4
614
60-4 Feb. 23j
135
5
G1
82
16 >8
24
50
96
27
50
96 hi
32 34
90
99
Apr.
Jan.
P’el).
Feb.
P’eb.
Mar.
Mar.
P’eb.
Mar.
Mar.
138
14
154
IF
14:
15
4:
21
17.
5:
1 Si
18
Apr. 10
Jan.
9:
Jan'. 26:
J an.
.72
39
23
34
85
103
364
594
1004
404
974
1694
7;
43
223s Feb. 11
81 -">8 Feb. 16
1934 Jan. 7.
32
Jan.
5j1
Gls8 Jan.
8
1044
364
574
694
1404
394
1124
964
12734 A pi'. 16
17 4 Mar. 17
114
76
170
65 4
112
P’eb. 11
May 1
Feb. 9
Jan.
125
914
7
150
Jan. 28!
444
134
94
464
884
5634 Mar.T7i
117
Jan.
7
64 P’eb. 11;
324 Feb. 5:
78 4 P’eb. I61
152
33
50
82
145
91 90
Feb. :
Jan.I
Now Central Coal
8
74
1314
514
1334 Mar. 24
Apr. :
Maryland Coal
84
142
1
Apr. 15,
Mar. 41
Jan.
71
Apr. 10!
184.Jan. 7;
364 P’eb. IF
23 4.1 an.
5
12
May
Jan.
55
1134
7
59 4 Mar. 17|
24
Mar. 18;
95
129?
108?
57*
3^
ll!
14!
P’eb.
Jan.
354
27
;1374
22
Jan.
4;
Feb. 25;
40
105
94 4
16
44
234
1274
lli
934 Apr.
84 May
Apr. :
{121
12
15
35
59
r
l
Jan.
Feb.
11
5
204 Jan. 5;
1934Jan. 7
10434 Mar. 4
784 Mar. 15!
5130 Mar. 41
Jan. I
Jan.
Jan.
Jan. !
24 4
147
33
50
69
137
90
142
j 115*4
9134
3'!
7!
184
Apr.
34 Jan. :
7
128
88
16 1115
1224
12 1154 1404
12 ! 184
157
Jan.
71
Mar.
174 Apr.
Mar.
Jan.
United Companies of N. J
9
270
51
*15
46
5
16
23
14 a4
Jan. 171
133 4 Mar. l!
25-4 Jan. 3:
84 Fob. 15144 P’eb. 15'
M ay 8
84
Mar. 12 200
17
51
Apr.
May 8 140
86
814 Jan.I
924 May
11924 Jan.
Warren
Apr.
'
4
65
61
Jan.
Feb.
Jan.
192
40
125
128
91
66
105
98
60
84
May
654
474 714
684 90
J an.
1404 Feb.
12734 Feb.
944 1 an.
29 119
r-eb.
9 124
Pel).
8 1494 Feb.
21 12634 P eb.
271 134 Jan.
27 35
Jan.
34 4 Jan.
964 Feb.
69 4 Mar.
3,6‘JO 1117 34 Apr.'
100
81
41
46 4
109 4 110 H
*4
5
*24
30
59 4 614
43 4
2,974
26,079
745
i*0*3** i*0*3*4
18
84
69
92 4
61 »4
84
Chicago A Alton, pref..'
Columbia A Greenville,pref...
Danbury A Norwalk
Dubuque A Sioux City
Joliet A Chicago
Ohio A Mississippi, pref
Rensselaer A Saratoga
Texas A New Orleans
594
1134 1131-'
114
119 4
55
119
554
74
144
6””* i*55*
•22 4 22 4
79
814
45 4 46
110
1104
135
99
*58
56
ioo
Quicksilver Mining
Western Union Telegraph
EXPRESS.
Adams
8" 4
14 4
58
57'
119 4 1194
47)6
884 Jan.
48 7e
6734 Jan.
33»4 May
469 128 4 Mar.:
109
3
Apr.1
400
504 May
700
2434 May
**3*0*6
454
1054
Mar.
Mar.
274 Jan.
8
234
52 4
2*4
6 4
554
15
28
17
860
500
Do
92
15
58
9
16
May
10
Apr.
2034 Apr.
14
Apr.
176
8fc. Panl A Duluth
pref
St. Paul Minneap. A Manitoba.
90
13
10
24*" *24*
45 4
May
182
90
23c,
43 4
90
May
9
25
127
135
784 84*
78
84 i
75
88
Jan.
584 1 an.
57 4 Feb.
35,843 1104 Jan.
7 4 Apr.
1,935
650
13
May
125
Apr. I
41
'”*”
23 4
*424
*87 4
.
Jan.
80
Apr.
7934 May
11134 Apr.
Low.; High
8034 Jan.
834 Mar.
1124 May
10 n8 Apr.
lu,4 3 o
5 4 J an.
2,560
300
1034 Jan.
37
1,200
May
*
102
79
102
80
6
343*4*1*5
*944 *95 4 124*6*1*2
*18
37 4
*38*
135
Apr.
133 4 Feb.
1184 Jan.
Yearlh8*,
Highest.
Jan.
93.685 109
May
4,168 139
May
2,795 1153a Jan.
’
934
704
72
54
84
954
444
11334 1144
1034 124
534
64
454
404
714
4578
23.810
*37*6
38
84
944
71
130
130
Lowest.
132
76
77
200
.126
53 4
Do
44
*5*4** *554 *’0*6” *5*5*
36
101
78
26
204
Do
Do
10
28
4634
40 4
714
454
484
184
2334
8t. Louis & San Francisco
*9
*25
30 4
92 4
45 4
47 4
40 4
*
"ei” *514 *53*” *67
pref
Richmond & Danville
Richmond* West P’tTormT.
Rochester & Pittsburg
Romo Watertown & Ogdensb.
6fc. Louis Alton * Terro Haute
1404 142
1174 1184
40
164
154
96 7e
74
40 4
Northern Pacific
Oregon * Trans-Continental..
Peoria Decatur* Evansville..
Philadelphia A Reading....
Pitfsburc Ft. Wayne A Chic..
Ricli.w Allegli., st k trustetf’s
110-4 1124
11
40
38
Oregon Short line
113
114
11778 ll834 11541184
114 134
114 134
54
6
10
pref
Ohio Central
Ohio* Mississippi
Ohio Southern
43-4
434
44 3^
79 4
484
114
1224 1234
82-4 834
114
214
*14
ii8^ i’19”
Norfolk & Western
Do
47
16
1394 139 4
4841
*10 4
pref.
Do
Friday,
May 9.
Thursday,
May 8.
Wednesday,
May 7.
804 Mar.
60
May
78
464
*10 4
22
22
*15
17
139
139
r105
ISO
New York Elovatod
New York Lack. & Western..
184 19
New York Lake Erie & Wost’n
T’ork*New England....
York New Haven* Hart.
Y'ork Ontario * Western.
York Susq. & Western...
6.
140
140
953*
Long Island
Louisville & Nashville
Louisville New Albany & Chic.
Manhattan Elevated
Do
1st pref..
Do
47 4
44 3*
80 4
128” 3.29” P274 1*2*8*
Indiana Bloomingt’n &
Lake Erie & Western
Lake Shore
New
New
Now
Now
474
- - - - -
Illinois Central
tit'
82 34
434
79 4
464
114
prof.
37
37
Evansville & Terre Haute ....
Green Bay Winona & St. Paul
ios" i*9*8**
Harlem
Houston & Texas Central
Do
82 34
31 «8
31
May
For Full
;
Range Since Jan. 1,1884.
.Sales of
the Week
PRICES.
LOWEST
77
80'h
4941
11 4
22
16
138
AND
Tuesday,
Monday,
May 5.
Saturday,
May
Albany & Susquehanna...
Atchison Topeka <Si Santa Pe..
Boston &N.Y. Air Line, pref.
•Burlington Ced. Rapids & No.
■Canadian Pacific
[Vol. xxxvm.
>
Apr. 2-1
Jan. 18:
2-14 Apr. 12|
1T4G4
93
3
8 1934
1:122 4
14| 15
1264
135
944
10
174
Mar. 26 ! B8
65 4
1-2 Feb. 7 : 554 128
Fob. 13, 113
---*
Feb. 16 140
31
Feb.
50
Jan.
77
Mar.
Mar. 4:1138
Jan.
9; | 96
Apr. 18 ;1394
11
Feb.
1874
Mar.
118
Mar.
10
P’eb.
9
Jan.
10 4
7 4 A pr. 14
P’eb.
i264
Feb. 19 264
1
29 4.Jan.
2[ 51
Apr.
.
i*50*‘
684
704
92
138
1124
1454
1*9*7*
118
17
14
260 2804
294 304
Mat 10,
THE CHRONICLE.
1884.]
QUOTATIONS OF STATE AND RAILROAD
STATE
SECURITIES.
Bid.
Alabamar—Class A, 1906.
Class B, 5s, 1906
Class C, 4s, 1906
82
08,10-208,1900.
.....
Arkansas—6s, funded
7s, L. Rock A Ft. S. iss.
7s. Menu*. A L.Kock RR
7s L. R.P.B. AN.O. RR
7s, Miss. O. & R. R. RR.
7s, Arkansas Cent.
Georgia—6s, 1886
7e, 1886
c
7g. gold.
RR.
Ask.J
I
102
106*2
ii
113
1890
Hannibal & st. Jo., ’86.
New York—6s, reg., 1887
6s, loan, 1891
j! 6s, loan’ 1892
6s, loan, 1893
1
N. Carolina—6s, old. J. A.T.
1
5
Funding act. 1866-1868
Do
Do
j Ask.
Bid.
SECURITIES.
Bid.
Ohio—6s, 1886
South Carolina—
6s, Act Mar. 28, I860)
non-fundable, 1888. 5
Brown consol’ll 6s, 1892
iTennessee—6s, old, 1892-8
I
6 s. new, 1892-8-1900
Ask.
M.AE.—2d, 7s, 1891
i
3*2
85
6s, deferred
106
40Oi 42
40
I 41*2
District of Columbia—
3-65s, 1924
Registered
Funding 5s, 1899
Bid.
40’-4
46
40
40
60
40
53
6
Ask.
41
48
Shi
113
113
1 112
BONDS.
Bid.
Ask
SECURITIES.
Marietta A Cin.— 1st, 7s..
114*2
C’mp’mise,3-4-5-6s,1912
3 V Virginia—6s, old
6s, new, 1866
6s, consol, bonds
6s, ex-matured coupon.
6s, consol., 2d series
3 *2
84
107 *4
...
SECURITIES.
Del. L. & W.—Contin’d—
Bailroad Bonds.
W’u. A Tar R.
SECURITIES.
! Tennessee—ContinuedOs, new series, 1914
....
l*a|
Wil.C.&Ru.R.
Consol. 4s. 1910..
Ask.
19**
Special tax, all classes..
RAILROAD
SECURITIES.
Bid.
N. Carolina—Continued—
Now bonds, J.AJ., ’92-8
65
106
111
112
118
110
10!)
113
115
117
32
12
Funding, 1894-95
::::::
SECURITIES.
7G-4
Missouri—6s, 1886
6s, duo 1889 or 1890
Asyl’m or Univ.. due’92
15
13
12
12
12
12
5
104
Louisiana—oou3.,1914
BONDS MAT 0, 1884.
BOND'S.
Ask.
Bid.
Ex-matured coupon
’*83*4
82*a
104
SECURITIES.
565
Bid.
Ask.
Penn. RR.—Continued—
3retropolit’n El.—1st, 1908; 102
102*2
3d. 7s, 3912....
! 131
2d, 6s, 1899
92
Clev.A Pitts.—Cons.s.fd. 124
125
123
3fex. Cent.—1st, 7s, 1911.
(Stock Exchange Prices.)
*49
4th,s.fd.,0s,1892
*
lll*u
123
1*28
3Iich.Cent.—Cons.7s,
1902! 1233* 123*2
St.L.V.A T.H.—lst,g.,7Sj 117
120
Ala. Central—1st, 6s. 1918
Consol. 5s, 1902
i 104
2d,
7s,
1898......
ibo j! 6s, 1909
Alleg’y Cent.—lst,6s,1922
1
2d, guar., 7s, 1898
112
Jtch.T.A S. Fe—4
102*2 10234!
Coupon, 5s, 1931
1 102
Pitts.B.AB.—1st. 6s, 1911
95
Sinking fund, 6s, 1911.. I
7s, 1891..
111*2 —•
Registered,
5s,
1931....!
j j Romo W. A Og.—1 st,7s,’911 109
90
1st. ext., 7s, 1891...
AtL & Pac.—1st, 68,1910. *
Jack. Lan. A Sag.—6s, ’91. 102
II Coil., 1st, ext,, 5s. 1922.1
69
68
5*
Balt.&0.—1st, 6s, Prk.Br. 113*2
117*2 Milw. A No.—is?, Os.’l910 *
Coupon,’7s/ 1894
300
I jRoch.A Pitt,—3st, 6s,1921! 108
110
1i!Mii
1
Bost. Hartf. & E.—1st, 7s ...... 18
*417*2
Registered, 7s, 1894
!*117
V
T.s.f-W-i at <:Q i <101 i i no
89 34
10234'|
Consol.,
6s,
1922
1;
1st,
Guaranteed
!
1st, Pa.Div.,cp.,7s, 1917 131*2
Rich. A A lleg.—1 st, 7s, 1920
64
| 65
Bur. C. Rap. A N o.—1 st, 5s 103
130*2
Rich.A Danv.—Cons.,g.,6s
99*8 99 7e
Alb. A Susq.—1st, 7s
Minn.ASt.L.—1st,7s,gu. I 125
2d. 7s, 1891
,*119
Debenture 6s, 1927
59
la. City. A West.—1st, 7s *107
1 S’thw.Ext.—1st, 7fl, 1910} *99*2
2d, 7s. 1885
*103*2
At).A Cli.—lst,pf.,7s, ’97 *110
A
C.Rap. I. F. A N.—1st, 6s *102 hi
3.27 *2
j Pac. Ext.—1st, 6s, 1921. *100*4 100*2
Incomes, 1900
1 *82
let, 5s, 1921
92-V
77
78
Scioto Val.—1st, cons., 7s.
Buff. N.Y. A Phil.—1st, 6s; 96
115
97. i
115*2 I General, 5s, 1920...I
63
04*2 St. L. A Iron 311.—1st, 7si 314
1143.J
1
! ' 88 ! 89 ;
General, 6s, 1924
Registered
Cons. 7s, 1904-5-0
100*2 108
2d. 7s, 1897
! 107
107*2
!
Can. So.—1st, int. guar. 5s 100*4 101 i
Reus, A bar —1 st, cp.,. *428
0
Arkansas Br’ch—1 st, 7s,*109
110*2
2d,5s, 1913
:
1st. reg., 7s, 1921
130
*85a.i 86 j
130
j ( II. A Cent, Mo.—1 st, ’90! 102 j......! Cairo A Fulton— 1st, 7s‘
10834
Beg., 5s, 1913
j
Mobile A Ohio—New Os..!
{ -- ----' Denv.A Rio Gr.—1st, 1900 98 ibo
(lOS*2
Cairo Ark. A T.—1st, 7s'*107
108
Central Iowa—1st, 7s, ’99
10
CO
63
! Collater’l trust, 6s, 1892!
1st, consol., 7s, 1910
ilOO
Gen’l r’y A 1. gr., 5s, 1931!
70
72*2
ro
East. Div.—1st, 6s, 1912
Den.So. l’k.A; Pac.—1st, 7s
92 j 31organ’s La. A
90
rP.—1st, Os'
!
.St.L.Alton A T. 11.—1 st,7s; 118
80
Ill. I)iv.—1st, Os, 1912
Den.A RioG.West.—1 st,6s!
4()
45
1 ‘Tasli.Chat.A St.L.—1st,7s *
123
I 2d, pref., 7s, 1894
1 112
112*2
Char. Col. A Aug.—1st, 7s
91*2
Det.Maek.AMarq.—1st, 6s
2d, 6s, 1901
!
'....
2d, income, 7s, 1894
Clies.A O.—Pur.money fd. *112*2
Land grant, 3*2S, S,A...
--j
r. Y. Central—6s, 1887.. J
408 I! Bellev.A So. ID.—1st, 8s i*19*
"~i! Deb. certs.,
6s, gold, series A, 1908
313
E.T.Va.AGa.-l st,7s,l 900 *ii7”i
ext’d 5s
j 104 |105 ISt.P.Miun.A Mam—1st,7s; lll*s 112
lo2
1103
6e, gold, series B, 1908
73
1st, cons., 5s, 1930
?3v:| N.Y.C.A It.—1st, cp.,7s 332
|
110
■HI
| 2d, 6s, 1909
50
97
6s, currency, 1918
Divisional
i
401
5s,
1930
1st,
j 5 0 :,4
reg., 1903
jl3
;*
I
Dakota Ext.-6s, 1910..! 109 ! 13 O
Mortgage 6 s. 1911
i|
Eliz.C.AN.—S.f.,deb.,c.,6s *25 |
105
ITud.lliv.—7s,2d,
s.f.,
’85
1105*4
!
1st, consol., 6s, 1933
ISO :
j lOOV 106?a
Ches.O.AS.W,—M. 5-Os...I 88
1 75
1st, 6s, 1920
J
130 j!
Harlem—1st, 7s, coup...
1st, cons., 6s, reg., 1933.1
--j
99
: 101*4 :
Chicago A Alton—1st, 7s. *118
Eliz.Lex.A Big Sandy— 6s
1st, 7s, reg., 1900
i
Min’s Un.—1st, (is, 15)22; 110 i
Sinking fund, Os, 1903..} 115
!
123
.Y. Elev’d— 1st, 7s, 1906 120*a 120*2 St. 1’.
A
l)ul.—1st,
5s,
1931
I
3
20
La. & Mo. Riv.—1st,- 7s. 119
1 10
!
.Y.P.A O.—Pr.rn, 6k, ’95
So. Car. R’v— 1st, 6s, 1920 304
1105
.118
2d,7s, 1900:
I
3 03 *2 io*i*2
Y.C.A N.—Gen.,6s,1910
6J5
2d, 6s, 15)31.,—:.. :*
jlOO
61.L. Jack. A Chic.—1st!
j
4tli, extended, 5s, 1920. 108 ’2
Trust Co. receipts.......
1 36
Slicnand’hV.—1 st,7s,l5)09; 3 13
let, guar. (564), 7s, ’91 115-V
.1 10
5th, 7s, 1888.
103
|
; 103
General, 6s, 1921
"
2d, (300), 7s, 1898
121 -I 1 25
i i
|
;
5)6
1st, 6s, 1905..
Tex.Ceu.—1st, s.f.. 7s,1909; 102 ■103
2d, guar. (188), 7s, ’9S!
!
126
1st, cons., id coup., 7s..
;: N. Y.C.ASt.L.-lst,6s,1921 105*2 106*-,
,126
1st mort., 7s, 1911
106
!
102
Miss.R.Br’ge—1st, s.f.Os1
f
Reorg., 1st lien, Us, 1908;
Tol. Del. A Burl.—Main,Os! *20
;
‘ 2d. 6s, 1923
„j
i 80
80
C.B.ifc Q.—Consol.7s. 1903 1294,12904
Long Dock b’nds, 7s,’93 117
’ N.Y.W.Sh.A Bull'.—Cp.,5s *51*4 55
f
1st, Dayt. Div., 6s, 1910:
6s, sinking fund, 1901
BulV.N.Y.A I L—1 st, 1016
-*101 *4
4
Registered, 5s. 1931.
'u
1st, Ter’l trust, 6s, 35> 10i
6s, debentures, 1913
•!
N. Y.L.E.A W.-Ncw2d Iji *75
95*4 95*2
»
82 * Tex.A N. O.—1st, 7s, 15)05,1
.Y.Susq.
A
West.—1st,
6s
81
la. Div.—S. I'd., 5s, 1919 *108 j
Collar! IrustrOs, 192‘J. |
Debenture, 6s, 1897
i *60
'! Sabine Div.—1st.6h, 1912j
96
! '
93*2
Sinking fund, 4s, 1919
Bull*. A S. W.—M.,6s, 1908, *35
i
5) 17si 96
Midlandof N. J.—1st, 6s
70
j Va. Mid.—M. inc,, 6s. 15)27
Denver Div.—Is, 1922*..
90V 91 V Ev. A T. II.—1st, cons., Osi
98
i
.Y.N.I [.AIL—1st, rg„ Is 103
45
......;: Wab.St.L.APac.—Gen’l 6s
47-V
Plain 4 s, 1921
!
31 t.Vern'n—1st, 6s, 1923*
1 85
evada Central—1st, 6s..
Cliic. Div.—5s, 1910
C.R.I.A P.—6s, op., 1917. 127 ; 127*2 Fl’tA
P.Marq.—31.6s, 1920,* .....17.2*4
112
ioD'i
105*4
JIav. Div.—6s, 15)10
N.Pac.—G.l.gr.,
*63
!
lst,ep.,0s
326
6s, reg., 1917
1227 j Gal. I Tar. A S. Ant.—1st, 6s, * 10 ; *2
Registered', 6s, 1921
*101V
Tol.P.AW.—1st, 7s, 1917 102*2 107*2
Keok. A Des M.—1st, 5s 302*2
N.O. Pae.—1st, 6s, g„ 1920 *
| 2d, 7s, 1905
1
112
Iowa Div.—6s, 15)21
[ 75)
i 88
Central of N. J.—1st, 1890 113:*4
11 3Iex. A Pac.—1st, as....I 93
Norf.AW.—Gen’l, 6s, 15)31 1033i lot
Ind’polis Div.—6s, 1921!
i
Ill
lstconsol.assented.1899
1 i
1
2d, 6s. 1931.
New River—1st, 6s,1932 101
Detroit Div— Gs, 1921 ..I*
,103
I 85
90
No.Railway (Cal.)—1st, 6s *107*2
Cairo I)iv.—5s, 1931
j*
j 75
Adjustment, 7s, li>03... U)l*2'
Gulf Col.A S. Fe—7s, 1905)1 113
OliioA 31 iss.—Consol, s.fd. 320
i
Wabash—Mort.
7s.
i
s, 1909
1909r~
! 85
Conv. debent. 6s', 15)08.
87 I 5)0
llann. A St. Jos,—8s,convv 103*2 103r'
Tol. A W.—lsl.ext., 7s 102
j Consolidated 7s, 185)8... 1 120 1
j
Leh.AW.B.—Con.g’d.as. *
'105
Consol. 6s, 15)11
2d consoli<latcd 7s, 15)11 113
i 113 V 11 1 *4
I
1st,
St.
L.
Div.,
7s,
’89
92*2
93*2
Am.D’kA Imp.—5s, 1921;
| 92V Houston A Texas Cent.—!
1st, Springfield Div., 7s *11034 112
2d. ext.. 7s, 185)3.:....
\ 92*2
Chic.Mil. A st. Paul—
Ohio Central—1st. (is, 1920!
1st, 31. L., 7s
3 09 <
63 j
Eqiupm’t bds, 7s, ’83.
1st, 8s, P. I)
I 3 32*2 133 ji 3st, Western Div.. 7s ...! 103*2
1st, Term’l Tr., 6s, 1920,
Consol, conv., 7s, 1907
60
! 72 hi
j
2d, 73-10, P.D., 1898... *121 ;
j' 1 st, Waco A No., 7s
; 115
1 ! 7 *2
1st, Min’l I)iv., 6s, 19211
Gt. West’11—1st, 7s, ’88 102*2 103*2
let, 7s, $g„ R.D., 1902.1 128 |
M 2d, consol., maino lino.Ss5 122
Ohio So,—1st, (is, 1921
125
J
85
92
j
.%
2d,
7s,
1893
5)4-8
3fit, LaC. Div., 7s, 1893. 119 120*2 - 2d, Waco A No., 8s, 1915;
— ! Orog’nA Cal.—1st,6s, 15)211
92
Q.A Tol.—1st, 7s, 1890 *
let-, I. A 31., 7s, 1897
120
123
‘ General, 6s, 15)21
1 98*2 100 ; Or.ATransc’l—63,’82-1922| 74 j
Han.A Naples—1st, 7s
1st, I. A D., 7s, 1899....; 122 '
1 Houst.E.AW.Tex.—lst,7s *
100
Oregon Im]). Co.—1st, 6s.;
68*2 70
Ill.A So.la.—1st,ex.,6s
1st, C. A 31.. 7s, 1903... 329*2
2d, 6s, 1913
1
St. L. K.C’.AN.— K.e.,7s 303
;
Oreg’n
RR.A Nav.-lst.6s i
1108
Consol. 7s, 1905
123*2 120
Illinois Centrali
Omaha. Div.—1st. 7-,* 0**2
Panama—S.f.,sub.6s,15)10
2d, 7 s, 1884
Springfield Jiiv.—Cp. 6s. *115 !
Peoria Dec. A Jiv.—1st, 6s 105
Clar’daBr— 6s, 1919
1st, 7s, I.A I).Ext., 3908 123 126
3liddle Div.—Reg.. 5s...i
Evans.Div.—1 st,(V 199**
104
St.Chas.Bge.—1st, 6s!
1st, S.W. Div., 6s, J 5)05). 113*2
C.St.L.A N.O.—Ten.l.,7s 117*2
Peoria A Pek.U’n—1st, 6s *106
No. Missouri—1st, 7s.I 110*2}
1st,5s,LaC.A Pav.,15)19 100 ;......
Pacifie 1801 reads—
118*2
1st, consol.. 7s, 1.897
West. uu. id.—1900,youp.i*110*2
lst,S.31iim.Di\v,6s, 15)10 111 1
j
2d, 6s, 1907
Central Pac.—G., 6s
1 112 ; 113
15)00. reg
j*
Ill 38
1st, II. A I)., 7s, 1910... 123
Gold. 5s. 15 51
108*2 100
."-an Joiujum ill'.—6s.. *107
N.W. Telegraph—7s, 1904 *100
Chic.A Pac. Div.,6s, 1910 114
Dub. A S. C.—2d Div., 7s ^116
115*4
Cal. A Oregon—1 st, Os *103*2;
07*2
; Mut.Un.Tel.—S.fd,6s, 1911
1st,Chic.A P.W.,5s, 15)21
5)5) *H 99
Ced. E1. A ALinu.— 1st, 7s *
State Aid bds., 7s, ’84 300
120
...!
Spring Val. W.W.—1st,6s
Min’l Pt. Div., 5s, 1910. j
97*-. 99 1
Tnd. Bl. a W.—1st pref., 7s 117
J.and gniut bonds, 6s.1 103*2 305
j|
C.&L.Sup.Div., 5s, 1921 99
83
1st,
West.
4-5-6s, 1909
|
Pac.—Bonds, (is' 110 ;112
Wis.A 31in.l)iv..5s,1921
97
98’
(i!)
2d, 4-5-Gs, 1909
So. Pac. of Cal.
INC03IE BONDS.
1st,6s 103*2 10134
C.iic. & Northwest.—
8.3
! Eastern Div., 6s, 1921..
So.Pac.of Ariz’a—1st, Os;
Siuk. final, 7s, 1885
j 104 V
103*2
Indiana]).D.A
Spr.—So.Pac.ofN.3fex.-1 st,6s!
1st,7s;
-'
1
(Interest
payable if earned.)
Consol, bonds, 7s, 1915.1 131*2
2d, 5s, 15)11
Union Pacific—1st, (is
114 *» 114*4
Extension bonds, 7s, ’85 "101
112”
Int.AGt.No.—1st. 6s, gold
Land grants, 7s,’87-89 107
'
Cent.—Inc., 1912
;
Allog’ny
1st. 7s. 1885...
j 104V
81*4
Coupon, 6s, 1909
Sinking funds, 8s, ’93.1 110*2!
Atl. A Pac.—Inc.,'15)10...!*18*4
1
Coupon, gold. 7s, 15)02..
129
Kent’ky Cent.—31.6s, 1911
Reg., 8s, 1S93
j
•
i Central of N. J.—1908
BefOSt’d, gold, 7s, 15)02.
Lake Shore—
Collateral Trust, (is.. .1 105
Cent.Ia.—Couj). deb.certs.
Sinking fund, 6s, 1929.. 1 iY’i'T'"/ ; 3r. S. A N. I., s. f.. 7s
30-2*2' 102“
do
: Ch.st. P.A31.—L.gr.inc.Jis
5s, 1907!
Sink, fund, (is, 1925), reg!
!
Clove. A Tol.—Sink’g fd. 10-1V
Ill
1 Chic. A E. Ill.—Inc., 1907
Kans.I’ac.—1st,
6s,
T95l
.SinKing fund, 5s. 1929..! 15)3 |103*2 i
10 1 *2
New bonds. 7s, 1886..
1st, (is. 1896
; 109 1110*2 DesM.A 1-4.1).—1st,inc.,(is
Sink, fund, 5s, 15)29, reg
Clove. P. A Ash.—7s
111
!
Denv. Div.Os.as’d, ’99; 106 ! 107 ; Dot. Mack. A 3Iarq.-lnc.l
1
Sink’g fd. deb., 5s, 1933 95
118
Buff. A Erie—New bds
1
90
1st, consol., 6s. 1919
E.T.V.AGa.—Inc., Os, 1931 j 25*2 26
Escanaba A L.S.—1st,6s.*
112
1127
Kill. A W. Pigeon—1st
!
Elijah. C. A Nor.—2d, inc.
C.Br.U.P.—F.<\, 7s, ’95
DesM.A 3Iin’ap.—1st,7s
Dot. 31. A T—1st,7s, 15)06 «.,.
128
j 128 '4
At.C.A P.—1st,6s, 1905
90
89*2
! Gr.BayW.A St.P.—2it,inc.|
26"
15
Iowa Midland—1st, 8s..I 127 j
Liiko Shore—*iv. bonds' 120G
121
l
12
At. J. Co.A W.—1st, Osi
90
Ind. BI. A W.—Inc., 1919
Peninsula—1st, conv. 7s 122 1
128
!
|
Consol., coup., 1st, 7s.
Greg. Short L,—1st, (is| 87”
33*
;! Consol., inc., 6s, 1921...
Chic.A 3IUw’kee—1st,7s*
Consol., reg.. 1st, 7s... 12.3 431 !
105 ’ I Ind’sBee.A Spr’il—2d,inc.
Ut. So.—Gem, 7s, 15)09!
24 ;
40
Win.A St. P.—1st, 7s, ’87 107 V i 3108
98
Consol., Coup., 2d, 7s..
11 23 *4
Extern, 1st, 7s, 15)09!
! 'Prust Co. certilicates
2d, 7s, 1907
.1122
I23*.i
3fo. Pac.—1st, cons., 6s. j
98
101
Consbl., reg.. 2d, 7s
76
1 Leh. A Wilkesl). Coal—’88
j
Mil.& Mad.—1 st,6s,1905
1120 *,
Long Isl. RR.—1st, 7s, ’98
108*.. 111
3d. 7s, 15)06
25
1
32
|
Lake E.A W.—Inc.,7s, ’99
C.C.C.’A I nil’s—1st,7s,s.fd. i*2o i 122*2
1
1103
1st, consol., 5s, 1931
Pac. of 31 o.—1st, 6s...1 305*2*1105J]
Sand’ky Div.— inc. ,1920 *16
Consol. 7s, 1914
Louis. West.—1st, 6s
2d, 7s. 1891
45
j 310
112 ; Lnf.Bl.AMun>-Jnc.,7s,’99:*
Consol, sink, fd., 7s,15)14|
(
Louisville A Nasiiville—
St.L.A S.F.—2d, (is, Cl A!
L. sii.A W.—Incomes
80
1103 ’.Mil.
81*«
General consol., 6s, 15)34
:
40!)
*
“
'1893...
117 *t
Consol.,
7s,
Class
31ob.A
3-Os,
(’, 1906.... j 301*2 102
69 34
O.—Jst.prf., deben.
C.St.l’.3[.A <).—Consol. 6s 114,; 113
106
102
| Cecilian Br’ch—7s, 1907
3-Os, Class B, 1906 ...J 101
40
j! 2d, pref., debentures
C.St.PA31.—1 st,6s, 15)18 115*2
N.(>. A 31 ob.—I st,0s, 1930 j *91
1st,
A
30
6s,
Pierco
C.
O.j
|!
3d,
pref.,
debentures
NO. Wis.—1st. (is, l!)30l
.!._..<
2d, 6s, It) 50
82*2
!!
30
Equipment, 7s, 185)5..i*102
4tli, pref., debentures
St.p.jt S.C.— 1st ,6s, 101!)
:
117
E. 11. A N.—1st, 6s, 1919 iof
! N.Y. Lake E.AW.—Inc.6s
101
Gen’l mort., 6s. 15)31 ..‘ 400
Chic.A EMU.—1st,s.f.,cur.! 103
104*2
General, 6s, 1930
So. Pac. of Mo.—1st,(is
5)5*4
52 *2
j N.Y.P.A O.— 1st,inc.ac.,7^ *50
Chic.St.L.A P.—lst,con.5s) 5)2
Tex.A l’ac.—1st, (!s,1905; 304
j Pensacola Div.—6s,19201
i Ohio Cent.—Income, 1920
"7
Chic. A All.—1st, 6s, 1920'
;
St.L. Div.—1st, 6s, 19211
101*2
1905
5»0
92*2
1
Min’l
Consol.,,
(is.
Div.—Inc.,7s,1921
2d, 6s, 1923
|
;
2d, 3s, 1980
1
Income A Id. gr., reg..
46
Ohio So.—2d inc.. 6s, 1921
45
25
Chic.AW.lnd.—1 st, s.f., Os;
Nasliv. A Dec.—1st. 7s. 117
118*2
1st,Rio (:.Div.,6s, 1930
6334:
Ogdens.A
L.C.—Inc., 1920
Gen’l mort., (is, 15)32....
1
103
S.A N.Ala.—S.f.,(is,I91o!
Pennsylvania RR.—
60*
| l’eoria D.A Ev.— l 11c., 1920
Col &
Green.—1st, 6s, 1916|
Pa.Co.’s guar. t*2S,lst,cp
j Leban’n-Knox—6s, 15)31 *100
96*2 97*2 1 Evansv.Div.— Inc., 1920
60
2d, 6s, 1920
Louisv. C.A L.—6s. 15)31 *100
;....!
Peoria
A
Registered,
15)21
Pek.Un.—Inc.,6s
Col. H.Val. a
i
X+
5s
Tol.—1st,
i
Trust bonds, 6s, 1922.
.35)
!
St.
L.—3
Pitt.C.A
’Koch.A
st,
*6*6’
c.,7s
Pittsb.—Inc.,
1921;*
uel L.&
W.—7s, conv., ’92
120 “ L.Erie A AV— 1st. (is, .1919
5)3
3 st. reg., 7s, 1900
Rome W. A Og.—Inc., 7s. j
43
Mortgage 7s, 1907
130
'
133
)
Sandusky Div.—(is, 15)19,*...... 95
2d, 7s, 1913
50
So.Car.Ry.—Inc., 6s, 1931 *
1
130
fyr.Bing.A
Laf.lll.A 31.—1st, (is. 1919
N.Y.—1st,7s
Pitts. Ft.W.A Chic.—1st
91 *2
St.L.AI.Mt.—lst,7s,pr.i.a.l1
Morris A Essex—1st, 7s
135
100*4
Louisv.N.Alb.AC.—1st,6s
2d, 7s, 1912
135*2
' St^ L.A.A T. H.—Div. bds48*
Manliat.B’cli (’o.—7s, 190!)!
1
....
Bonds, 7s, 1900
7s of 1871,1901
1st, consol., guar., 7s..
....
W920;
....
....
*
(
,
.
......
..
(
...
’ll
—
.
..
1
.
.
....
.
....
.
—
-
-
.!"si
—
•
ii'7**j
...
.
-
.....
,
,
1
...
...
......
-
..
-
.
....
.
...
...
—
.
—
1
■
■
..
...
■
....
..
....
..
>
.
!.
N.Y.A3r.B’li—1 st,7s,’97|*
*No prices Friday; these are latest
quotations made this week.
125
|
.
.
.
CHRONICLE.
fHE
566
Quotations In Boston, Philadelphia and Baltimore.
New York Local Securities.
Insurance Stock List.
[Prices by E. S. Bailey, 7 Pine St.]
Bank Stock List.
PRICE.
PRICE.
COMPANIES.
Market! thus (*) are Par.
not National.
Bid.
[ Ask.j
rvoL. xxxvin.
Par.
COMPANIES.
■
Bid.
Ask.
Bid.
SECURITIES.
BOSTON.
122
117
Atch. & Topeka—1st, 7s.
Land grant, 7s
Atlantic A Pacific—6s
i174 1
America*
Amer. Exchange...
Broadway
if*
Butchers’ A Drov’s’
Central
Chase
Chatham
Chemical
Citizens’
***'"*
lj
City
Commerce
Continental
Com Exchange*....
East River
Eleventh Ward*....
Fifth
Fifth Avenue*
First
Fourth
Fulton
Gallatin
Garfield
German American*.
German Exchange*
Germania*
Greenwich*
Hanover
'
......
.
Imp. A Traders’....
Irving
Leather Manuf’rs’.
Manhattan*
I
Marine
Market
Mechanics’
Mechanics’* Trails’
Mercantile
Mercnants'
Merchants’ Excli...
|
Metropolis*
Metropolitan
Murray Hill*
1
!
Nassau*
New York
New York County
N. Y. Nat, Exch....!
I
Ninth
North America*....!
North River*
Oriental*
Pacific*
Park
.
People’s*
Phenix
Produce*
Republic
St.Nicliolas*
Seventh Ward
8econd
Shoe* Leather
State of New York*
Third
Tradesmen’s
Union
United States
Wall Street
West Side*
..
|
63
! 125
j 75
1 133
! 125
210
|
City Railroad Stocks and Bonds.
[Gas Quotations by Geo. H. Prentiss A Co., Brokers, 11 Wall Street.]
fcAS
|
COMPANIES.
Brooklyn Gas-Light
Citizens’ Gas-L.
Bonds
Harlem
i
fRklyn). i
Jersey City& Hoboken..
Manhattan
Metropolitan
Bonus
Mutual (N. Y.)
Bonds
Nassau (Bklyn.)
Scrip
New York
Par.
..
People’s (Bklyn.)
Bonds
Bonds
Central of New York..
Williamsburg
Bonds
25
20
1,000
50
20
50
100
500
100
1,000
25
Var’s
100
10
Var’s
50
50
1,000
!
Amount.
1
12,000,000
1,200,000
! 315,000
2,000,000
750,000
4,000,000
2,500,000
750,000
3,500,000
1,500,000
1,000,000
700,000
4,000,000
Rate
Period
Var’s
1
Var’s
A. AO. i
F. A A 1
J. A J. I
J. A J. !
M.AN.
F. A A.
Guar.
M.AN.
Var’s
M.AN.
1
5
3
3
120
lb 'Jan. 1, ’84 160
3.000.000
Equitable
i’oo
300.000 J. A J. 6
2,000,000
1st mort
Bklyn. Crosstown—Stock
1st naort. bonds
Bushw’kAv. (Bkln)—St.’k
Central Crosstown—Stk.
1st mort
Cent.Pk.N. A E. Riv.—Stk
Consol, mort. bonds
Christ’phTAlOth St-Stk
Bonds
DryDk.E.B.A Bat’y— Stk
1st mort.,
consol
Scrip
Eighth Av.—Stock
Scrip
42d A Gr’nd St.F’ry—Stk
1st mort
Honst.W.St.AP.F’y—Stk
1st mort
8econd Av.—Stock
3d mort
Consol
Sixth Av.—Stock A scrip
1st uioro
Third Av.—Stock
1st mort
Twenty-third St.—Stock.
1st mort
100
100
100
100
1,000
100
500 1
100 I
.......
J. A J.
J. A J.
Q.—J.
J. A D.
Q.-F.
J. A I.
A. AO.
J. A J.
Q.-F.
Q.-J.
M.AN.
Q.-J.
J. A D.
F. A A.
A. A O.
Q.—F.
J. A D.
1,200,000 F.A A.
1,000,000) Q.—J.
1,000,000 F A A.
748.000| M.AN.
236,000! A. AO.
250,000 Q.-F.
500,000|J. A J.
1,862,000 J. A J.
100
150,000! A. AO.
1,050,000 M.AN.
1,500,000 M.A S.
500,000 J. A J.
2,000,000 Q.—F.
1,000
2,000,000 J. A J.
1,000
1,000
100
1,000
Ask.
100
600,000 F. A A.
1.000
250.000 M.AN.
107
132
104
100
133
93
110
122
170
282
235
110
135
106
;
----;-
110a4
East’rn, Mass.—6s, new..
Fort Scott A Gulf—7s
110
120
K. City Lawr. A So,—6s
K. City St. Jo. AC. B.—7s
Little R. & Ft. S.—7s, 1st
K. City Sp’d & Mem.—6s
Mexican Central—7s
Income
N. Y. A N. England—6s..
.....
145
r
Broadway.]
25 Vj
’84 23
July, 1900 lllVj 113 v2
3i Jan.,
7
2
0
3V>
5
4
7
2
April. ’84 158
June, 1914 103
Mav, ’84 210
Jail., 1902 106
April, ’84
155
Jan., 1888 105
May, ’84 160
lb April, ’841 145
6
Nov..1922)
2
April, "84’
7
Dec., 1902 j
2 '<j Fob..
’841
7
Oct,, 189S1
165
105
215
1 10
165
112
165
155
112 v^
145
121
142
116
220
111
144
120
137
110
2b May, ’84 j 210
1
Juno. ’93' 114
116V,
6
1914
! 105
no
2 b April, ’84 265
290
6
Feb.. 1914 105
no
6
May.
’84 250 i 265
7
April. ’93 112
117
2
May. ’84 no
7
July.
’94 111
113 V*
5
’84 202 v> 210
Jan.,
7
103
April, ’85 101
7
’88 107
May.
108
10
Mch., ’84 325 ’335
7
luly. ’90 110 ill5
4
May, ’84 275''i‘280
7
113
Jan., ’90 111
4
176
Feb., ’84 170
7
Mav.
’93 110
I] m
*••••*
*
•••••*
1.22
Cor.Cowan A Aht.,<\eb. 6s,
Delaware- 6s, rg. A cp.,V.
Del. A Bound Br —1st, 7s
East Penn.—1 st, 7s, 188S
ii7
5s, perpetual
Harrlsb’g—1st, 6s, 1883..
100
H. AB.T.—1st, 7s, g.,
Cons. 5s, 1895
116
1890
rthaeaAAth.—1st, gld.,7s
94
Junction—1st, 6s, 1882...
”94’
2d, 6s, 1900
—
50*4 50 V Leli.V.—lst,6s,C.AR.,’98 122
13’a!
133
2d, 7s, reg., 1910
93*
Cons. 6s, C.A R., 1923.. 125
-- —
103
N. 0. Pac.—1st, 6s, 1920.
No. Penn.—1st, 6s, cp.,’85 102
118V
103
Gen., 7s, 1903
128
133 V
'
7s
N. Mexico A So. Pac.—7s
Ogdensb.A L.Ch.—Con.6s
Income
- —
Old Colony—7s
:...
6s
Pueblo A Ark. Val.—7s..
-
Debenture 6s, reg
Norfolk A West.—Gen.,6s
N. R. Div., 1st, 6s. 1932
Oil City A Cliic.—1 st, 6s..
Oil Creek—1st, 6s, coup..
Pennsylv.—Gen., 6s, reg.
Gen
6s, cp., J910
Cons., 6s, reg., 1905 —
Cons., 6s, coup., 1905...
Cons., 5s, reg., 1919—
Pa. A N. Y. C.—7s, 1896.
,
11734 118*4
93
Rutland—6s, 1st
"os"
Sonora—7s
STOCKS.
Atchison
Boston it
Boston A
Boston &
Boston A
*77g*! 7734
Topeka
Albany
A
Cheshire, preferred
Chic. & West Michigan..
Cinn. Sandusky
Concord
A
-
;166
j
Cleve.i
Lansing & No., pref.'
Eastern, Mass....
j
Fitchburg
Flint A Pere Marquette.
Ret.
Preferred
i
.
llla4‘112
35 | 38
120
25 ! 26
102 b 103
<82Vj 833i
28 { 29
! 18 V
Louisiana & Mo. River..
Preferred
Maine Central
Manchester & Lawrence..
Rutland—Preferred
Revere Beach A Lynn
1
1934>
18
145
I3V!
112;*41
161
143V'144
19
l 21
!
57
j 60
ShamokinV. A Potts.—7s
Shen. Val.—1st. 7s, 1909
1921
Income, Os, 1923
Income, 5s, I9LL
Sunbury & Erie—1st, 7s.
Sunb. Iiaz. A W.—1st, 5s
2d, 6s, 1938
Syr.Gen.it Corn.—1st, 7s.
Union it Titusv.—1st, 7s.
United N. J.—Cons.6s,’94
|- Cons. 6s, gold, 1901
Cons. 6s, gold, 1908
Gen’l 6s,
PHILADELPHIA.
RAILROAD STOCKS, t
Gen., 4s, * old, 1923
! |Warren it F.—1st, 7s, ’96!
,,
6
Allegheny Valley
Ashtabula A Pittsburg..
West Chester—Cons. 7s..
W. J ersev—1 st, 6s, cp.,’96
—
Preferred
Catawissa
Mort, Rlt„ reg., 1897
Cons., 7s, reg., 1911
,
100
......
94
......
95
126
113 V
80
94*4
50
50
95’*
113
103
115
..
\2G
107
Greenw’d Tr., 7s, reg...
68Ci1 Sehuylk. Nav.—1st,6s,rg.
2d, 6s, reg., 1907
Preferred
Little Schuylkill
Minchill it Sell. Haven...
67
Nesquehoning Valley....
60»4
64
51
|RA rLPv’D STOCKS. Par
Atlanta it Charlotte.
Baltimore it Ohio
100
23'V
1st pref
23 i4
"9*6*
91
107
97 V
08>g
BALTIMORE.
i
2d
pref
70
190
136
I3514
Central Ohio—Cora
50
P i 11 sb urg & Conuel Is vi 11 e
Western Maryland
50
17stj
!
193
44
45 b
Pennsylvania
46
'll'
.
RAILROAD BONDS.
122
"20*
121
101
Cons. 6s, 1921
1st. Tr. 6s, 1922
iCen. Ohio.—6s, 1st,M.AS.
Chari. Col. A Aug.—1st..
2d
Cin. Wash.it
2ds
3ds
101V
108
i
Balt.—lsts.j
ColurabiaA Greenv.—lsts
2ds
No.Central—6s, ’85, J.i&J.
6s, 1900, A. & O
6s, gold. 1900. J. &
J....
5s, Series A
5s, Series B ' ,
Pit tsb.it Con’ells.—7 s Jit J
Union RR.—1st, gua.JAJ
Canton endorsed
Virginia & Tenn.—6s
—
8s
W.Md.—68, 1st, g., J. & J.
2d, guar., J. <t J
100
99
70
66
33 Hi 34
101*2 102
71
70
102*3 103
120
119
117
102 b 103k
102
123
115
103
120
109
112
2d, guar, by W.Co.,J.<tJ.
6s, 3d, guar., J.&J
4 In default.
7s.
16
85
Ino
jBalr.itOliio—6s„’S5A.AO
Wilm. C. it Aug.—6s
Wil. <t Wemon—Gold,
1 Per share.
15*4
RAILROAD BONDS.
Atlanta & Cliarl.—1st—
11*4
72
1934
50
Parkersburg Br
Pennsylvania
Philadelphia it Erie.
’Ex-dividend.
89
78
'
Allegh. Val.—7 3-10s, ’96
7s, E. ext., 1910
Ino. 7s, end., coup., ’94
Aslitab. it Pittsb.—1st,6s
1 st, 6s, rog., 1908
Belvid’e Del.—1st,6s, 1902
2d, 6s, 1885
3d, 6s, 1887
Bell’s Gap—1st, 7s, 1893.
1st, 6 s, 1905
Consol., bs, 1913
Buff. N.Y.& Phil.—1st,68
2d, 7s, 1908
75
104 ^
12 V; jMorris—Boat Loan rg.,‘85
.....! Pennsvlv.—6s,cp., 1910..
68
Schuylkill Nav., pref...
......
106
106
107
Del.—ist, 68,1386
Lehigh Nav.-6s,reg.,’84.
'
Lehigh Navigation
120
118 llSig
128
127 :i*28»a
115
100 V i03V
95'<4, 95’i
104 105
dies, it
Iluntingd’n A Broad Top!
Phi la. Ger. it Norristown
Phila. Newtown A N.Y,.
Phila. it Reading
Pliila. it Trenton
Phila. Wilm. it Balt
Pittsb.Cin.it St. L.—Com.
United N. J. Companies..
West Chester—Cons. pref.
West J ersey
West Jersey A Atlantic..
CANAL STOCKS.
106
Gen., 7s, coup.. 1901....
CANAL BONDS,
1st preferred
2d preferred
Delaware A Bound Brook
East Pennsylvania
Eltnira it Williamsport..
Preferred
Norfolk it West'll—Com.
Preferred
Northern Central
North Pennsylvania
105
il3:
1st, 7s/l899
6 V | Cons. 6s, 1909
’.
W. Jersey <fc Atl.—1st,6s,C.
Western Penn.*—6s, coup.
6s, P. 1L, 1896 .r
6%
Lehigh Valley
Pliila. Newt. A N.Y.-lst
Phil. A R.—1st, 6s, 1910..
2d, 7s, coup., 1893..
1
Cions., 7s, reg., 1911 ..i.J
Cons., 7s, coup., 1911..
Cons., 6s, g., LR.C.191 lj
rin]»., 6s, g., coil]).. 1897:
Gen., 6s, g., coup., 1908'
G011., 7s, coup., 1908
!
Income, 7s,"coup., 18961
Cons. 5s, 1st ser.,c.,1922
Cons. 5s, 2d scr.,c„ 1933i
Conv. 7s, cp.off, Jan.,’85
Phil. Wil. A Balt-.—4s.tr.ct
Pitts.Cin.A St.L.—7s, reg
Pitts. Titus. A B.—7s,cp.
j
Wisconsin Central
Preferred
Preferred
111V 112
!
Cons.5s, 1920
121
118
105 .
122 V
129 |
101 1
Scrip, 1882
Coiiv., 7s, It. C., 1893..*
| 20
I
Preferred
Bell’s Gap
Buffalo N.Y. it Phil
Preferred
Camden it Atlantic
118
Conv. Adj. Scrip, ’85-88
Debenture coup., 18931'
..
Tol. Cinn. & St. Louis...
Vermont it Mass
Worcester it Nashua
Cons., 6s, 1920
104
122
Phil A Erie—2d.7s,cp.,’88
J!
Fort Scott A Gulf
Preferred.....
Towa Falls A Sioux City.
Kan. C. Sprimrf. A Mem.
Little Rock A'Ft. Smith
i‘02>i
122Vj
Perkiomen—1 st, 6s,cp.’87
I 10 V,
! 102
105
101 S; 102 V
7, 1906
33
Connecticut River
J
Conn. A Passumpsic
I
Connotton Valley—'
104
,
17914jl79Ja
j 1 \5 V
Lowell
Maine
*165
Providence— *171
_
154
80
106
95
156
83
110
100
SO
120
125
105
108
92
95
Mch. 7,’84 213
215
1888
107 v2 110
13.9
142
108
112
94
96
5
3,000,000
750,000 M.AN. 6
[Quotations by H. L. Grant, Broker,
Brooklyn City—Stock
(Apr. 1,’84 127 9
(May 13,’84 x230
3
2 b Apr. 10’84
6
1902
3
Sept, 1,’82
2b May 1,’84
5
May 1, ’84
3 *3 Jan.
,’76
100
1st mort
j Fob. 1, ’84
0
Bonds
Fulton Municipal
Bonds
Br’dway A 7th Av.—St’k.
Jan.
M.AN.
1.000,000!j. a ,r.
375,000 M.AN. 3*3 May 1,’84
125,000 Var’s 3
Apr. 1, ’84
466,000 F. A A. 2
Feb., L84
1,000,000 Quar. 2 V A pr. 2 V84
A.
AO.
3
1,000,000
Apr. 1, ’94
J an.1.’84
1,000,000 M.AN. 3
900,000
700,000
1,000
100 2,100.000
1,000 1,500,000
10 2,000,000
1.000
800.000
100
200,000
400,000
1,000
100
500,000
100
600,000
250.000
1,000
100 1,800,000
1,000 1,200,000
100
650,000
1,000
250,000
100 1,200.000
500Ac.
900,000
Bid.
May 10,’84 132
1,’94 92
3*fl 'Apr. 1,'8 1 107
100
100
100
*
!
5s
**••••
106”
EastonAAmb’y— 5s, 1920 108
El. AWmsp’t-1 st,6s, 1910 115
1
1
Metropolitan (Bklyn.)...
Municipal
Bl’ckerSt.A Fult.F.—Stk
1st mort
Date.
1
j
"1—■
IO6V1
118
111
Atl.—1st,7s,g.,’93
2d, 6s, 1904
Cons., 6 p. c
iCain. A Burl. Co.—6s,’97.
Catawissa—1st, 7s, con. c.
Chat. M., 10s, 1888
New 7s, reg. A coup
Chart’rs V.—1st, 7s, 1901
Connect’g 6s, cp., 1900-04
Nebraska, 4s
Conn. & Passumpsic—7s.
Connotton Valley—6s
Marq. Hought’n & Onton.:
Gas and
Cam. A
Nebraska, 6s.. Exempt
Preferred
'—!
Nashua & Lowell
1
N. Y. & New England ..J
Northern of N. Hampsh.
Norwich & Worcester... [
Old Colony
I
Portland Saco & Portsm.,
•
Bid. Ask
Mort., 6s, 1S89
92 V
17
Income
Boston A Maine—7s
Boston A Albany—7s
6s...
Boston & Lowell—7s
6s
Boston & Providence—7s;
Burl. & Mo.—Ld. gr., 7s.
-
155
113
156
175
170
150
125
125
90
240
250
80
100
115
85
80
113
210
142
115
290
65
115
145
140
65
70
130
210
90
113
75
105
90
112
65
no
110
150
95
ICO
95
130
110
185
108
165
1 115
150
! 120
i 100
65
SECURITIES.
Buff.Pitts.A w.—Gen.,6s
Cam. A Ambov—6s, c..’89
...
147
50
American
100 160
108
Amer. Exchange... 100
100 133
150
280
25
25
j Bowery
165
25
25
Broadway
165
132
17
100
Brooklyn
1
145
20
100 180
Citizena’
120
70
25 145
City
120
100
■•oo 2100
Clinton
60
50
*<s5 122
Commercial
j | Continental
230
100
IOC 270
240
40
I Eagle
100 154
75
100
100 122
Empire City
j
90
30
100 175
Exchange
107
50
25
Farragiit
80
17
25
Firemen’s
70
10
100
Firemen’s Trust....
105
100 400
Franklin A Emp.. . 100
205
100
100
German-American
135
50
100 133
Germania
50
110
30 128
Globe
170
230
25
50
Greenwich
60
100
100
Guardian
110
15
75
Hamilton
137
50
100
Hanover
135
100
100 145
Home
:::::: Howard
58
25
50
155
100
60
100
Irving
125
30
100 2ti0
J efferson
200
50 140
Kings C’nty (Bkn.). 20
40
85
100 172
Knickerbocker
100
50 167 b
Long Isl’d (B’klyn) 50
25
25
65
100
Lori 1 lard
95
100 145
Manufac. <t Build.. 100
152
25
25
85
Mecli. it Traders’
25 100
50
1105
Mechanics’ (Bklyn)
100 120
50
60
Mercantile
50 130
50
105
Merchants’
90
50
50
Montauk (Bklyn.)..
105
50
! 145
100
Nassau (Bklyn.) ...
ico"
151
37 *2! V0
100
National
N. Y. Equitable ...
35
! 150
100
iis
100
100 1 80
N. Y. Fire
50
1120
100
Niagara
25
i 105
North River
100 150
i 175
25
Pacific
100 110
125
100
100
100
Park
20
155
Peter Cooper
70
,109
v
30 122*
50
108
!
People’s
25 150
50
Phenix
143
'170
50 100
25
115
Rutger's
100 100
50
90
Standard
100
60
Star
25 150
20 100
100
57
w
Sterling
50
25
1
120
Stayvesant
130
25
i 70
Tradesmen’s
100
100 150
25
United States
! 127
115
100 110
10 1 120
Westchester
100
200
Williamsburg City. 50
100 142"
;
I
100 125 V
1
i
100
40 112"
50 170
100
50
100
Ask.
113
12^
5 Ex rights.
THE CHRONICLE.
1884.]
May 10,
RAILROAD
EARNINGS.
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York
City for th©
week ending at the commencement of business
railroad earnings and the totals -from Jan. 1 to
given below. The statement includes the gross
earnings of all railroads from which returns can be obtained.
The columns under the heading “January 1 to latest date” fur¬
nish the gross earnings from January 1 to, and including,
The latest
May 3:
latest date are
the
Banks.
Loans and
Week,
or
M(
1884.
1883.
$
1884.
$
$
March....
97.60C
89,61c
e March.... 11,404,056 1,415,514
1. February.
179,236
147,069
). 4thwk Apt
69.676
61,828
c 4thwk A pi*1
98.000
124.00C
29,400
24,406
Central Iowa .. Itliwk Apr•j
n
•
.
11,624.000 2,024,533
March
.
296 367
298.630
April
5. April
58 803
47,54 0
n 4tliwk Apr
140.277
138,519
March
2,100.028 2,390,584
4thwk Apr
28,192
29,651
k Wk Mar. 8
00.057
59,60c
\ 4 tlnvk A pi
502,000
578,893
.
Chic. Burl. &
.
Chic.* East. 1
IstwkMay
). 4thwk
Api
!
3d wk Apr
l.
2d wk Apr. t
\ March
b.;4thwk Apr
d 4thwk Apr
d March
.1 February..
•.March
U3d wk Apr.
i.'Tthwk Api !
April
134,200
30,501
44,965
29.312
448.838
44,633
598,139
574,181
231.600
40,011
11.738
227.475
42,359
318,714
371,478
14,293
875,208
548.580
6.120
1,332.070
99,181
435,934
267,473
705.603
23,679
267,601
273.322
14.463
63.087 |
10,140
0,400 I
6,936,188
1,460,864
440,970
048,788
507,322
582,484
159,637
998,184
28,961
1,469,377
87.420
476,323
312.724
786.668
1,248,230
221.434
8 A IS
9,770
120,094
21,788
110,304
121.101
129,775
20,899
193,50(
30,000
4 0,537
37.725
528.571
550,773
40,637
lthwk Apr
.
Apr
Apr
January
April
i
i
29,027
87,038
35,352
..
April
1st wkMay
.
Long Island
i*
4thwk Apr
.March
.list wk Apr
April
3(1 wk Apr
Southern Div. 3d wk Apr.
Other lines.
4thwk Mar
4tliwk Apr
4thwk Apr
March
Missouri Pac.c.. March
334,440
24,331
31,785
250,000
8,100
18.100
11.500
13,035
29,350
144,018
38,391
520,800
48,547
27,775
829,616
April
33,751
123,572
April
April
196,001
Mnreh
14thwk
lthwk
March
462,501
437:400
33.334
420,017
58,861
Apr
Apr
Oregon* Cal... February..
Oregon Imp. (Jo January
A
..
pril
March
lthwk Api
March....
March
01.997
20 4.19.
3d wk Apr.
3d wk Apr.
April
April
March
63.4 43
369,331
805,136
135,850
217,500
101,260
163; 3 20
11,925
20,560
169,151
373,937
3,977,289
123.866
76.974
190.996
60,077
506,865
174.609
25,301
391,610
57,390
82,930
123,572
169,292
134,548
649,267
49,600
4,222,329
57,775
338,970
‘
142,63 5
Tradesmen’s
Fulton
"...
Chemical
Merchants’ Excli.
Gallatin National..
Butchers’* Drov..
Mechanics’ & Tr...
Greenwich
Leather Mannf’rs.
Seventh Ward...
State of N. Y....
Americ’n Exch’ge.
Commerce
Mercantile
Republic
360,158
4,031,629
779,703
800,162
213,803
1,492.983
1,996.767
290,017
1,025,007
218,796
747.067
213,525
923,472
25,242
9,422'
133,163
f 12,040
34,262
18,000
5,006
10,479
115,521
120,6211
10,703!
4,019
79,413
86,989
310,257
299,733
Do
166,069
180,001
Do
54,834
56,574
Tex.&St.Louis /i 3d wk Apr.
15,486
Tol. Cin. * St.
61.598
83,611
L.jFebruary..
Union Pacillc...; February.. 1,547,969 1,673.224
Utah Central.
81.599
101,669
..jMarch
38,900
VJcksb’rg * Mer.! March
43,803
4.156
7,6o0
Jicksb.Sh
*pac.1 March
West Jersey
\ March
82,493
76,849
Wisconsin Cont’l 1st wk Apr
30,548
32,238
95,580
105,6*0
327.045
10.703
496.228
275.385
j
71,349!
94,302
154,581
56.416
1,428,469 1,14'V299
286.292
296,932
2,361,533
373,594
79,413
Div.r/.l.Tan nary...
Arizona//. January...
N. Mex.V/. January...
Includes Southern Kansas lines in both
283,5«7
440,224
12.640
481.432:
2 67,8 55
17,418!
80.300
23.629
812.016
136,783
3.035,021
1,298,619
283,596
311,909
327,516
30,376j
6,811!
4,731,878
310,257
166,069
54,834
2,421,205
415,973
'
86,9^9
299,733
180,001
56,574
228,496
177,185
3,086.877
232,315
•
125 139
111,601
3,590,078
302,730
140,099
37,812
218,979
200,725
397,860
348,703
25,773
b Includes Southern
Division.
c Includes
Iron Mountain
d Not including
earnings of New York Penn & Ohio road. f
e Including both divisions.
/ onow blockade.
//Included in Central Pacific earnings above.
n
Embracing lines in Missouri, Arkansas and Texas.
years,
Railroad.
265,000!
II
..
Nassau
Market......
St. Nicholas
Shoe* Leather..
Corn Exchange
Continental
Oriental
Marino
i
I mpoi tors’* Trad.
G
3^5 48,000
450,000
4,825.0001
7,542,400!
291,600
2,035,000
5,2.74.000
266*0*00
23,555,>00
1,321,300
23,801.800
1,721.600
1,440,000
45,000
971,500
224,100
360,000
229,400!
111,2<)i»j
164.700
251.000
1,227,200
1,947.100
22 1,900
138.000
160.400
1,00 5.000
1,503,000
1(5,8*4.000
9,549,000
4, (>55.000
5,731.00
1(5,1 .iH, 1 Oi
45,000
579,700
449,900
4,900.000
1.307.40(.
269*5*00
3,542.8(10
875.500
11(5,100
214.100
351,700
18,800
1
1,3(59,300
88,200
69.7,900
81.500
307.800
1,977.100
2,494,*00
2,16 5,(590
5,598,500
070.900
102,000
80.(5 0
195.000
2,775,300
2,579,900
93,000
220.300
2.396.800
791,000
35 5,800
5^5(5.(500
6,319,900
2,303,600
270.200
254,900
73,900
147,100
62, *1*66
1 (5 5.500
297,000
221,000
180,000
*45*666
446,300
44 000
178.700
884,000
1,159,100
107,100
133,200
341,990,500 55,997,100 28,112,800 333,215,600; 14.417.500
following
1881.
45,000
6,400
322,000
8.207,000' 1,305,000
3.363.200
267,500
2,899,900!
2,403.900!
436,400
(589,000
543,300
6(55,700
747.000
1,16^,9001
180*000
230,000
483, 00
136.700
522.800
266, M10
072,000
508.000
320,000
720,900
2,507.800
4.177,100
2,552,300
2,209.000
2.130,900
(5,004.400
1,93(5,000
989.300
841.300
897,000
401,000
24 5,TOO i
610.000
3,212.400
1.899,100
G* rmnnia
United States
Lincoln
Garlield
Filth National
1,255,700
4,167,600
51*6* 500
270.500
3.805,900
173.000
21,000
91,000
13,429,100
4 ,*> 19.10 i
1,57 7,800
1.991,000
Exch’ngo.
nnan
45,000
2,60O>
525,900
12,200
10,169,300!
3,037.000!
716.900
0.01 0,700
nnan-Ainerie’n.
Cliaso National...
Fifth Avenue
114,000!
374.100!
1,683.000
8.187,000
3,710, 00
o-
221,000
1,004,700
525.300
301.500
058.000
5,1‘.’7,4(i0
0,297.000 1.428,800
1
llO.OoO
2,100.000
4,571,000 j 1,019.00 i
20,529.400 I 5,107,500
1,543,000
1, *8.300
It:,420.900
Rowery
N. V. County
2,-00,300
397.300
19,720,000
1,79 ,000
...
1.795.400
1,148,000
157,600'
418,( 001
1,914,000
3.314. OOP
..
Pa- k
Wall Street
North River
East River
Fourth National..
Central Nation tl..
Second National..
Ninth National...
First National
Third National
N. Y. \at. Excli
114.0 >0!
283.500
631.500
8,862,000
1,597,000,
2.300.500 1,205,800 13,029,100
937,400!
277.8001 4.881.400
474,000*
1,456,400!
7,736,800!
378,200
172.200
2,528,800
425.800
476.500
2,789,000!
309.500
909.700
4,670,400!
78.100
148.900
1.792,400!
437.000
349.200
3,875,: 001
2.935.400
...
787,100
14,294,400
119,600j
389.000!
1,100>
267,70U
2,091,100
1,354.000
ltu.cool
208.000
3,208.900
10.673.000
2.844.700
2.637.200
2.734,100
Citizens’
355,OOO
2,663,300
2.712.900
1,§76,000!
9.855.400
novor
Irving.
Metropolitan
7.122.200
7,285,000
$
2,581,000
7.821.900
400.0001
130.600
1 11,400
924.400
49,600!
3,441,0>)0
.
450,000
430.900
456.600
4.357.300
1,589,500
3.535.200
$
9.242.000
6,636.000
191.800
318.300
398.800
12.028,000
17,901,000
4.245.200
are
I
Loans.
totals for several weeks past:
L. Tenders.
Specie.
$
Deposits.
Circulation Agg.
Clear’gs
$
1
$
$
$
$
Apr 19 347,324,900 60,750.100 20.981.500 340.601.300 14,463.300 652.880,1 60
26 343,355,5 00 58,215,300 28.125.500 335,681,000 14,493.800 707 078,332
May 3 341,990,500 55,997,100 28,112,800 333.215,600 14,417.500 855,711,696
“
Boston Banks.—Following are the totals of the Boston banks:.
1884.!
Loans.
840,3.-3
21 1,778
2.997.700
Peoples’
10.173
2,808,485
366,600
371,100
3.510.500
Circula¬
tion.
3,841,100
7.064,500
126,700!
2,334,300
3.206.400
1,637,600
13.956.400
3.229.300
4.782.700
1.880.400
1.096,000
1,021,500
Chatham
North America
405.600
519.000
6.201.400
7,221,000
2,3*1,000
Pacific,
699.900
2.935,000
t
1.271.300
Broadway
540,0001
67,600
1,372,000
Deposits
other
than V. S.
1,016,000
702.400
673,000
342.600
8,19 4,000
4.331.300
10,(h 0,200
7,-t 92.900
295.251
758,759
2,505,740
820,388
199,899
844,676
233,090
1,271,023
3.421,000
331,057
994,950
137,491
T?ac
C«'il .NIX January...
Do So.
7.720.300
The
693,167
598,815
10,924
25,761
Merchants’
Mechanics’
Union
America
Plienix
1,058.000!
999,7< 0
Total
709,584
604,306
107,048
235.402
804.999
119.695
1,595,000
7,578.000
City
I
$
9.758,000
670,107
312,140
4,192,869
2,193.417
731,901
911.465 1.160.4831 2,850,264
317,000
207,2001 1,273,773
12.709 j
13,796
255,397
9,886
9,12U
221,666
101.433
120,883
450,951
127.346
21,700
31,997
April
ot.P.Min.* Man April
4,346,236
281,945
20,896
20,80t
186,898
17,512
308,009
1,456, ISO 1,669,211
March.."...
Bt.Paul* DuTtii lthwk Apr
010,000
935,789
561,737
139.790
233.507
264.192
238.507
399.200
432,000
1.300.896
1.43 ‘,025
1.002,027 1.189,380 11 003,593 11,830.952
March
lthwk Apr
March
Januarv...
lthwk Apr
lthwk Apr
2d wk Apr.!
itliwk Apr
1 tlnvk Apr
3,453,460
77,675
87,033
155.280
107,208
683.132
51,200
30,062
30,310
56,508
49,000
206,161
7,483
i March
296,311
February.. 1,233,409 1,283,616
iFt bruary..
388,113
336,742
71.704
5,793,288
258,675
........
33,110
259,431
March
101,900
695,54 9
.......
170.000
200.819
March
i March
!
50,741
3,242,800
822,102
297.225
$
New York
Manhattan Co
.
24.935
58,587
51,200
Januarv...
214,529
811,221
354,175
121.000
131.700
21.487
1 3 wks Feb.
.
1.213,261
6,632,245
o'April
Apr.
.j8d wk Apr.
South Carolina
25,740
41,834
15.538
68.080
.|4thwk Apr
8t.Johnso.* L.O.
8t.L. A1 ton * T. H.
Do
(lirchs.)
8t. Louis * Cairo
Bt. L. Ft. 8. * W
8t.L & San Fran
539.671
141,062
11.180
244,293
286.882
f 3d wk
Rome Wat.* Og.
2,491,342
5,633.285
514,485
483,173
5,103,091
b Ill. Cent. (Ill.) .!4thwk
Do
(f
);4thwk
.
2,541,972
5,725,261
354,309
cFebruary
C. * Iron
Rlchm'd *Danv.
Ch. Col.* Aug.
Columbia* Gr.
Va. Midland
West. No. Car.
Roeh. * Fittsb’g
203.976
304,990
J
Do
210,22C
.|Wk Apr.20
Grand Trunk
...
1,082,297
373,896
5,238,166
1,141,341
10.800
.
Peoria hee.AEv.
Pliila. * Erie
Phila. * Rend’g
Do Cent.N.J.
1,127,777
447,203
4.591.00C
1,151,171
Apr
.
Pennsylvania...
344,959
855,570
23,007
.
Ohio Central.
Ohio* Miss
340,307
850.752
A]uApr
Apr
.
La. & Mo. I
3,514,842
105.300
7.172
47.614
18.373 !
:
4thwk
lthwk
lthwk
'lthwk
3,743,424
417.500
13,511
March
.
l.
256.661
435,100
453,005
3d wk Apr
y
$
266,781
457,027
521,036
6,523.000
7,004.718
1,681,106
.
.
1883.
$
Net
Legal
Tenders.
Specie.
Discounts.
Jan. 1 to Latest Date.
Earnings Reported.
Roads.
a
Average Amount of—
period mentioned in the second column.
Latest
567
$
!
L,
Specie.
•
Tenders.} Deposits."
$
Ap. 21 145,162,900
28,145,734.000
May 5 j 14 3,956,800
-
1
$
6,061,200
4,473,600
(5.176.800
6,14 3.200
4,570.100
Circulation Agg.
$
$
97,055,100 23,985.900
9 -.692,600 23,993,6 '0
94,138,800 23.827.(500
4,55 1,100
Clear’gs
$
67,433,894
63,511,643
73,168,817
Philadelphia Banks.—The totals of the Philadelphia banka
follows:
are as
1884.
Loans
*
79,217,385
Apr. 21.,
70.203,108
Jo
Lawful Money.
! Circuit it ion.1.4 gg. Clear’gs
$
’
19,814,377
19,720,520
7’,312,614
7 i ,970 081
72,4.7,991
Mav
*
Deposits.*
5......
20,0*3,0 ljl
79,175,125
Including the item “due to other banks.”
$
$
8,526,723
58,314.121
8,509,055
8.491,9 LI
52,090.551
58. 93,299
Unlisted Securities.—Following are latest quotations for a
week
past:
Securities.
Bid.
A
si:.
Securities.
Am. S fe Dep.—Perp. deb.
Atlantic * Pac.—6s, 1st 51
Blocks, 3
p. c.
>
Cent. Div old
Cent. Div., ne v
Accmnui. bunl grant
Bost. If. * E.—New stock
Old.stock
Bost. 11. T.* West.—St’ck
Debentures
fluff. N. V. * l’lula
Pref
Trust bonds, 6s
California Pacilie
Cent, of N.J.— Debrnt
Cont inental Const,. I nip. < 'o
Denv * Rio Ui aude—Cons
85
91
,
Deiiv.*
Rio Ur. W
1st moit
G av. i y I ton. * Rio G.
Edison Elect!ic Light
subs
60
10
Kof-ly Motor.
Lebanon .springs—1st M.
Main mng Coal * HR
Mexh-au National
Prf
I St IDOI't
Mo. Pacific—Old stock
Holmes
I
8
62
50
28
oo
30 h
4
38 b
10
80
Inco'i
es.
Pensacola * Atlantic 1st.!
Pitismirg* Western
1st moi t
'
Postal 'Telegraph—Stock.,
1st moi t., 6s
I
Postal Tel.* Cable—Stock1
Sel. R. * D.—1st, stpd ’82
2d viort., stamped 1882.1
St. .Joseph * Western
St. Jo. * Pac., 1st mort.j
2d mot
I.
Kails. * Neb., 1st mart.|
State of l'emi.—Set’iiTt.3s!
87
10
41 >4
160
| settlement, 5s
i
Settlement, 6s
C’ 1. I • p.—EXjpond1.
Texas Pae-ifi •—Old scr p.
New sea ip
92*3
9334 Tew*
4»
27
it)
4SU2
30
12 Hr
9
7*,
**l**b *3*
11J8
3 »
*43
48b
10b
54
12
81
80
78 b
22 *8
20 b
134i
J
4b
90
7h
54 b
b
15
92
p.
.....
47 b
87
56
75
53 b
74
89
40*
42b
6s, 1st mort., in Texas..
Liglit
I, Vie. sb"nr * Meridian...
LWisconsin Central
lb
34
b
.
20
6
90
2b
9b
lst.ld.gr.* inc.as
7
55
14
5
*1*9**
tt. S. Electric
17b
80
27
M.*A. Div., 1st nnut..
M.* A.Div..incomes,as p
n.
b
21 b
4
.
(C
2
Ask
(North. P.u*. — Div. bonds..| 78 b
Nor.li ltiv. Cons.—100 p.C; 15 "H
b Ohio Cent.—Riv. Div., 1st
Georgia Pac.—stock
1 st mort., Cs
2d mort
r. rf. * W. Inconio bon.'.s.
Bid.
iMut.Hu— st’e.k trust ctfs
iM. K.&T.—Income s *i*n».. j
N. V. AI. Un. Te .—Stork.|
!N. V. W. Sh.* B.—Stoca.
Norfolk* West.—Deb n..
36* ‘
5
12b
_
r
r
» -r
....
3
'*'*
Deposits.
is
7,1834.
f Maine
*d N.
49
Hampshire.
54
j-J
® Boston
Mass., other
W Rhode Island.
..
Connecticut...
( Total Div.No.l
195
03
88
20.540,050
25.950.820
N. York, other
New Jersey...
S Philadelphia..
200
70
33
y Pcnna., other.
(. Total Div.No.‘2
220
^ Pittsburg
0 00
15
Baltimore
17
24
5
....
'd Washington
..
217,916,7 71
6,43 3,05-.
81,560,112
29,552,208
605,207
65,613,18b
21,624,808
61,364.412
158.504,970
60,224,4 >0
487,092,544
1,823,985
11,090,330
645,310
3,785,47 j
2,965,100
19,540,725
5,616,733
771,801
234,600
1,125,000
252,000
3,490,300
501,015
t Total Div.No.S
22,890,315
6,382,213
47,024,192
North Carolina
~TZ
| South Carolina
14
15
2,101,000
1.920,000
3.899,77(
3.109,311
3,557,14
559,875
2,219,4 8’.
4 16,36(
10,12S, 404
100,693
r
Georgia
1 Florida
S3 Alabama
1
£ Mississippi
Orleans..
New
-
Illinois, other.
819,*96
340,000
22,149,7S!
1,348,4 s
31.'97,96
7.Ols,-0
18,039,4 F
4,397,15
764,Is 1
1 0,05.‘‘.o: (
2,091,005
9,106,7 5,
45
9, (’.65.000
3,250,000
1,5-2,031
33
43
M
32
2,950,2 u
1.995,000
733,372
14,317
35 1,575
635,597
413,615
325
33,6 1 7,-DO
6,367,29..
£ St. Louis
0
£ Missouri, oth’r
Kansas
2 Nebraska
p Dakota
Total Div.No.C
f Nevada
San Francisco,
California,oth.
2 Oregon
(
1,95(5000'
45,430
402,764
2.518,059
73,233
302,279
10,551.198
7,390
203,613
12.131
23,440
........
69,020
48,430
807.000
2 09,000
4
4:0,000
4
5 i
licsmirccs.
Stocks, bonds, Ac
191.83.5
8,697
30.192
27,660
95,6351
75,990!
80,991.
433,407
8
4
1,783,825
32,525.0s 0
8,114,930
23,145,167
4,066,263
9.790,850
1.884
31,750
384.302
7?5C0
26,630
s
105.780
548,716
687,557
1.1 18,787
1,237,590
4,887,380
202.11
4 1,250
LTdo
2,647,096
1,255,000
15,900
53,020
2,854,501
1,898,359
3
18,500
335,700
3.2,081
161,791
1
5,500
7.012,086
48,730
297,617
35,216
SO
91.77-
1,967,034
470,357
1 2,350
70,000
201,191
•25.52 1
4,490
l0,-5t
1.1 On
723,024
1,127,138
435,510
6E0.728
774,050
460,078
82.6 (9
2.551
950
1.7 61 ,s:«j
1 50.890
19,Bin,837
1,12s,312
648,(66
471,676
.
228.93-
21,890
956.400
•1,9.50
2,240
764,104
137,000
149.6:6
1 -1,84 I
7,137,048
273.091
(it-, 1 i7,o> 1
166,834
I
~
8
?
44
i
133,425
1,3-0
1,0.85.500
84. • 3 1,51;-;
3,722,168
207,(MO
676.1-2
s>o, 222:7
2.
2,lv;
171,6 1 !
76,1 1 5(1,068
*
?
‘
5
-
3-0
2,939,09:
2, 02 1.930
8.990
1.58.192
134 ,3(59
66.268
6 15,8-57
2,070
Oi -'
S
■
Mill's.
A
Mil's.'
! Mill’s.
*2NC 1
27,972
120
(5,000
(*6-39 •J.;.'3() *2.5 *81
.19-81' 7'03 748
(492
Mil's
2* in 1(4.6
2 53
43
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171.7,St
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Mil's. Mil's.
Mil's.
•m:
Silver cerf -llcatos
-S!
to
1
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;43.C-|
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1 '9S
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7
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•OI
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i
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339>8
21*487
2 1 49|
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....
U97
441
1
•2(>i
2'86 I (413
•Ott1 2't.9:
•
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•
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1
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21,914
44.221
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248
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47;
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698,387
39,557
393,016
78,911
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t '92,
•(»;)
9,353
J
7,9,5(
1.060.
3,160
So
TOTALS.
AND
Mil's.i
.
•(iS.
•or
31,635
105.750
1.57(-
1
!
S
*0r>
•}-9l
k,M'91
53,324
12,351
1.140
970
V.
8
i
•30;
v
12,20V
3.172!
5 t.gOO
2,0U4
6,436
11,365
5,000 j
CITIES
'
!
Silver coin
Trcas..
Mil's.
5,21-,255
2e0
25.489'
38,070
1,928,6.-8
g
Mil's. Mil'.--.
Mill's.
•F.
Col 1 Treasury corf’s...
Gold Cloar. House ctls.
8^
17 '57
•2-.
‘J'43
I
fs
N
g;
2,030
1 I
jr
/J
-
330,709
2,680
90,889
8
536,907
i .010
81.100
10,906
37.1 12'
JL ^
^
:
*rr-
470
26:>'o:m
It ES I :itVE
TIIE
8.040
120,416
108,955
1.323,391
1 ;.or>.;.3:t7
13,33611,32 ! .5 13,28*
JUNKS
,
308.109
1.65.5,985
93 1.309
1 3
1,928.673
60,901
22,141
53.*31
3 1 6,S3:
5.272953:
1.08 i,64
1,0(59,6 10
22,61
0.165
565,223 j
1 .008.677
689,972
15.3(41
1,2 11
20,175
2,324,73s
7,.>1.8,78:
354,l 76
NATIONAL
^
!
55,100
15,27 0
9
62.6
1,174.839
400,(20
2 ! .060
72, 169
34,170
505,700
247,131
2,174,501
6,28 1,049
406.740
4
4^
,
3.(557,6 12
9,709,2-:
THE
i
ri
137.680
1(-2,378
50,628
15,8. >
18.78 1.085
•£
262,06.
4 55,15 9
406,740
1,501,929
OF
7,268,791
11,501,760
15,970
14,4 10
7,230
12,075,7 1
2
'
88,962
313,8 14
272,010
.
4.935.000
Gi Id coin
19,180
945,160
145,401
23,348.931
9,920,25 i
225.02 1,27«
4,3 49,019
525.000
1407;
ltcal estate.,
Tota's
925.254
812,410
3,90(1
1:9,080
20,153, *8 3
10,530,498
44,183,510
27,724,265
33,188
504,458
213.750
67.0i)0
(2:431;
Duo from banks
Other liabilities
19,100
29.750
70,966:
65,211
4.785,2.
1,076, i 8
1,192,77.
1.381,771
Other (J. 8. bonds
Due to banks
65,67o
406,179
20,000
239,500,
152,53 )
i 8 .>'39 i
Bonds for circulation..
dop sltors
171,477
24,81 0
47,179
19,231
127,471
2,411
340,665
259,231
313,372
93,000
203,151
22,3l)l
1.5.917.171
r>,7 /
(>t57S, * y>
7,n-K),<>:>
9.11.9,55;
3,2 11.53
2,560,51:
1,62 1,6'H
200,000
1,375,000
550,000
I.otins
Due to
1,020
26,0.70
6.559.7 1:
1.635,0(8)
1
Circulation
4.4(0
9 3,538
5 GO
32,0- 0
1
Undivided prolits
95,187
877,927
60,000
70,625
2.1 10
‘{
Cirms, Ac.
Surplus fund
206,434
5,406,537
15.197.021
1 10,90:
7 64,7)'/
12
0
Totals foh Husix.vi:
Capital stock
41,000
746,225
21,0:»o((.s
1,133.9. <
■l,98;i,00u
STATEMENT
Totals
0 vo
3UO,U.v7
Total for U. S. 2.503 515).72:..00- 1 15,791,895 1,046,0
resources
333,772
4.7 20
(>, 1 00 i
2 24,1.
20,000
900.000
° 1
Idaho
Other
61,080
2,750
13,080
569,150
2197-0 6
39 1,856
560,0n0
30
.
'
75,000
1,500,000
14
i. Total Div.No.7
..
2,705,000
/
^ Washington T.
Utah
Wyoming
Total Div.No.S
1,700
580
751,370
13 1.1 1 4 .22 - 2
5
3,41 6,0t 0
1
1
13
r-
45
2
132,933
161,854
1 95,404
194,740
3.528,414
""
Minnesota
^ New Mexico
,036.0Gb
4,1:2,072
2,080
0 4.100
10.480
58,290
!
303,598
3 J3,103
1,919,102
1,373,-93
4,732,149
1,838,151
>
4,129.020
201 ,oe0
9,6J. 0.000
i
Montana
535.x 12
10,866.269
1.103,921
8,071,979
15,485,441
65,080
998,010 44,238,707
290,1301
31.941.58
lV
f Iowa
q
(-58,5 7 0
125
31,710
12,620
1,316,337
3,757,727
1,787,063
6.825,534
2,50(5,810
2,730,707
23,840
227.480
80,95u
173,543
104,944
9,970
120,144
33,141
.
30,030
2,132.208
536,551
417,979
729,143
1
Arizona
Colorado
'28,171
755,553
266,88)
632,319
122.959
1,180,227
3,637,090
40
503
617,3/0 26,044,286
2.50U
589,550
10.628,341
_735,000
20.358.s62
~
9,939,270
600,980
72,8 17,238
8,351,94;
s8.su 1 .loo
c
844,77 U
216,5 10
13,942,73.
59 7
.
895,1)4.1
2,120,841
323,611
635,000
4.381,879
3,720,571
2,980.000
650.000
3.180,00.}
5,276,433
1,721,871
489,306
931,439
353,267
8 4 >25
185,035
322,646
475,634
1.1 10,000
(. Total Div.No.D
Micliig’n,other
188,760
24,040
2.6 40
3,1 60
—
3,500
553,430
1,910
39,190
56,000
4,500
155,870
167449
811,760
~
Wisconsin,oth.
*
.
57.25: ,S !
8,333,291
9,10d,< o >
4,850.000
21,621,000
11,042,500
10,050,000
13,099,600
2,050,0u0
9,235.000
4,212,56
31,214
3 4,21(». WOO
42
£
4
218
Milwauuee
o
4,452,9/0
9,-80,70
9,687,284
87
3
«r
ls(i,49S
216,634
94,6 Oi
75,345
777,337
97
11
151
f)
Detroit...
54,79 *,323
1,31 1,74:
181
Chicago
1,175,000
3,564,522
680.931
3,403,41:
13
7
% Indiana
3,485,000
212,133
12,832,476
801,171
1,717,189
...
...
11.124
450,452
199,199
119,817
51,031
319,754
196,472
175,602
f Cincinnati....
.
287,800
75,000
3
2,162,878
9,601,36
Kentucky, oth.
2 Ohio, other
1,488,000
77,084
1,389,181
75,681
1 Tennessee.....
i Cleveland
10
3
8
1
114,801
315,183
4,175,000
455,000
3,551,500
9,140.900
4,515,300
....
( Total Div.No.4
14,923
/
25,837,019
5,942,403
211,776
131,206
1,000
790
77,954
•
~
$
1.380
59.577
51,534,632 22,853,160
109,467
.
47
5
9
58
31
2 Arkansas
1
100,000
54 5.013.837
2,308,45!
4,000
5 Texas
Louisville
2,414,300
o
241,044
368,03-
.
100.000
C Louisiana, oth.
i
1,156,354
544,905
757,000
685,121
181,934
230,445
686,61<
60,000
1.901,000
Virginia,
^ West
73.742
$
112,473
315,890
•»
—
Ley.tend'rs
Treasury & G. S. ctfs.
ccrtific'tcs of deposit.
$
60,450
50,825
255,827,609 37,041,742 21,532,000
183,400
376,254
6,915,686
370,030
90,569,290 2,358,605
130,230
653,608
31,61 1,562
213,180
66.362,456 C,273,450
244,240
25,800,286 1,517,121
160,020
08,420,950 2,713,852
668,039
2,781,115
105
23
2u
Virfrini:»,
309.s2 1,010
.
43,928
12,148,70(
2,461,798
S
.
1, zt> 1,539
8,857,303
1
287,876
172,946,457
3,417.957
9,579,064
2 54 1 700
1
C .Dist. Col., oth.
,093,a8 l
8,957,296
3,918,629
10,150,000
31,737,540
49,727
127,453
22*5,665
117,868
72,197,035
47,609,36 i
11,580.596
22,644,543
l,409,0u0
12,253,350
17,969,920
23
f Delaware
«
2 i
49,850,000
1.800,000
34,744,100
47
7
Albany
•C
ts
1,708,630
11,723,634
13,682,078
4,130,679
6,908,054
41,859,128
5t>« 107.775.370
f New York City
Q
1.217,710
8,030,000
50,950,000
45,702,5t 0
48
Z* Vermont
Silver
Silver.
9
$
1,830
510,690
.140,2791
9,120
4.340
167,459
2.728,217 2,818,560
72 440
1,284,656
2.630
291,322
83,300
855,318
5,4)80,941 2,992,270
16,927,750
8,085,571
11,879,919
115,893,578
81,021,332
30.835,176
42.075,284
1
9,177,322
4,513,824
5,133,782
2,488,243
Gold
Gold and
gold C. 11. Treasury
certificates. certificates
$
$
24,775
335,291
$
$
$
10,435,000
0,155,000
overdrafts.)
Other.
Individual.
71
Loans <£• discounts. (IncTy
■
Surplus.
Capital.
[Vol. XXXV III.
TO THE COMPTROLLER MARCH 7, 1884.
OF THE NATIONAL BANKS MADE
ABSTRACT FROM REPORTS
Mar.
CHRONICLE
THE
568
•1-:
7*83.1(458
;
241
3*75 1.1 03-64
1.2S6-86
THE CHRONICLE.
it« 10, if841
purest meats
569-
GENERAL BALANCE AT CLOSE OF EACH
FISCAL YEAR.
1SS0.
1881.
68,962.000
14,378,000
223,507
00,8*18,000
1882. 1
1-83.
AND
railroad
Railv d,
intelligence.
The Investors’ Supplement contains a complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
of Railroads and other Companies. It is published on the
last Saturday of every other month—viz., February,
April,
June, August, October and December, and is furnished with¬
out extra charge to all regular subscribers of the Chronicle.
Extra copies are sold to subscribers of the Chornicle at 50
cents each, and to others than subscribers at $1 per copy.
ANNUAL
REPORTS.
build’gs, Ac.
Equipment
R’l est. A office prop.
TCb.it Can.So.bds ,Ac.
Stocks owned, cost..
Bonds owned, cost..
Advances
Materials, fuel, Ac...
Cash
<
n
band
Uncollected earnings
Total assets
Liabilities—
Stock :
Bds, (see Supple.m’t)
Dividends
Other liabilities
ITolit and less
..
Lake Shore &
..
16,150.000
305.708
060.000
000.000
2,248,358
3,007,380
2,13 5, i 80
3.400.578
3,160,800
3,024,080
1,253,778
073,785
3.410,708
744,291
724.000
091,707
00,848,000
17.100,< OO
305,780
70,018,000
17,300,000
305,780
000,0-0
715 000
8,70 >,428
*0.134,477
f 1,554 030
3.423,342
1,221,178
2,127,180
3,804,050
1,355,153
531,275
004,312
317,320
582,545
93,719,287
05,2S2,808 102,703,034 302,040,272
50,000,000
37,180,000
2, <03,335
50,000,000
38,430,000
822.720
1,010,005
50.000,000
44,710,00 »
50,000,000
44,-100,000
1,010,005
1,016.005
§2.13 4,077
4,712,491
4,890,002
2,506,580
4,031,678
1,115,402
Michigan Southern Railway.
4,702,223
{For the year ending Dec. 31, 1883.)
Total liabilities.. 01,719,287
93,282,803 102,761,684 102,940,272
The annual report of this company for 1883 has just
been is¬
sued. The statistics are admirably arranged, as usual. A
Dec. 31, 3 8 33. stocks held were valued as follows:
Jamestown &
map of
the Lake Shore system will be found in the Investors’ Supple- Franklin Rit„ *320,000; Lake Shore A Midi. Southern RR.. *268,200;
Dot. Mon. A. Tol. RR.,
$114,110; Merchants’ Dispatch Transp. Co.,
ment.
The construction and equipment accounts now
aggre- $319,443 ; Pittsb. A Lake Erie RR., $220.0i*o; Pacific Hotel,
$137,500 ;
gatefSLOOOjOOO, as against $83,669,000 December 31st, 18S3, an Cin. Wab. A Mich. R*y, $137,000;
Erie A West. Trsinsp. Co., $45,500;
increase of $331,000, being the amount invested in additional N. Y. Chic. A St. Louis, $6,527,000; Cleve. Lorain A
Wheel., $697,900.'
t Dec. 31, 1883, bonds held w« re valued as
land in Chicago and additional equipment. The total funded
follows: Jamestown <fe
Franklin RR., $673,100; Mahoning Coal
RR., $401,538 : Kal. A White
debt December 31st, 1883, was $42,942,000, a decrease of Pigeon RR.,
$52.200; Pacific Hotel, $200,712; Or. Rap. N. A L. S. RR.,
|250,000—the regular annual contribution to the sinking $136,180.
i Of this stock $533,500 is
fund.
The freight statistics show a decrease in
guaranteed 10 per cent dividend.
tonnage of
§ Includes $1,019,000 for new equipment.
716,933 tons, or 7*8 per cent. The average rate per ton per mile is
exactly one mill more than in 1882, so that notwithstanding
Michigan Central Railroad.
the decrease in tonnage, the freight
earnings show an increase
{For
the year ending Dec. 31, 1883.)
of $457,517, or 3*8 per cent.
The annual report of this
There were laid in the track in 1883
company embraces in all its
11,004 tons (107*73
miles) steel rails, and 773,157 (276 miles) cross ties. The cost traffic and earnings statistics the operations of Canada South¬
ern.
Tho balance sheet pertains to the
of these, together with all other expenditures
Michigan Central alone.
necessary to the The
maintenance and improvement of the
plant, wei e charged to Jan. report says: “An agreement for twenty-one years from
1, 1883, was entered into with the Canada Southern Rail¬
operating expenses; yet the per cent of operating expenses in
1883, including all taxes, was 59*43 as against 60*67 in 1832 and way Company, under which this company was to control and
62*76 in 1881.
operate the line3 of that company. The Canada Southern had
At the last annual
partially
(and lias since completed) a line from Essex Centre
meeting of stockholders, May 2d, 1883, a to Detroitbuilt
resolution was adopted,
River,
opposite Detroit, with a suitable ferry to that
classifiying the board of directors as
follows : Five directors, term to
; and under the agreement it has constructed a branch of
expire May, 1886; four direc¬ city
its main line from Welland to Niagara
tors, term to expire May, 1885; four directors, term to
River, just below the
expire
May, 1884. In accordance with this resolution, at the annual falls, crossing the river upon the well known and unique
meeting of stockholders, May 7, 1884, an election was held for ‘Canti-Lever’ bridge. It has also increased its equipment to
an extent sufficient to meet the
four directors in place of those whose term
demands of the through
expired, and one to
fill the vacancy caused
traffic,
and
has
other
made
as stated in the
improvements,
the
death
by
of Augustus Schell, who
was in the
report of the General Manager.
three-years class.
With regard to earnings, expenses, etc., the
Comparative statistics for four years, compiled in the usual
agreement pro¬
vided that the earnings of the combined lino should form a
form for the Chronicle, are as follows:
fund out of which the expenses of
ROAD AND EQUIPMENT.
maintaining and operating
the entire line should be paid ; and also the interest of the
1880.
1881.
18S2.
1893.
funded debt of each company within the limits fixed in the
Miles owned
1,025
1,025
1,025
1,025
Miles 1’sedA control’d
152
agreement; each company to have the benefit of any diminu¬
152
315
315
tion in the interest on its own bonds,
by retirement or other¬
Total operated...
1,177
3,377
1,310
1,310 wise ; and each company undertook to pay any demands
against
Locomotives
401
532
*
•'
,
•
“
PaSvS.mad A exp.cars
Freight
ears
Coal A all other
cars
247
258
10,041
2,411
12,938
2,822
547
287
553
293
13,919
2,879
13,863
2,786
OPERATIONS AND FISCAL RESULTS.
Operations—
1880.
3 S81.
3 882.
1-9.8 cts.
2-15 ets.
1883.
Passengers carried..
3,313,485
3,082,006
4,118,832
3,909,350
Passenger mileage
176,14*,767 207,953,21-5 227,098,958 215,715,155
Rate
213
Freight
Mail,
exp., rents, Ac..
Total
gross
earnings.
Operating
0-617 ets.
0 028 ets.
$
3,703,008
14,077,294
011,150
$
4,131,789
12,059,987
3,176,015
4,897,185
12,022,577
1,305,877
18,749,401
17,97 J,*591
18,225,039
18,513,650
1,815,072
2,168,856
5,307,829
2,182,5 3 0
3,596,537
0, "275,3(51
2,323,789
2,095,192
3,552.805
437,039
088,709
472,566
990,907
0,592,7 42
530,230
10,418,105
11,278,428
6,692,903
cts.
*
S,350,336
3,851,166
*
9,1G 1,508
2,021,755
*
9,195,538
1,892,809
$
2-19 ets.
*
Detroit.
CONSTRUCTION.
expenses-
Maint’ee of way, Ac.
Maiut’ee of equipm’b
Transport’ll exp’nses
Taxes....
Miscellaneous t
Total
Net earnings
P-c.of op. ex. to ear’gs
8,331,350
55*50
5,908,350
503,852
7u9,01L
751,154
62 70
3
3,057,807
7,167,832
60-67
192,476
3
1,001,953
7,511,803
59*43
‘Three ciphers omitted.
t Includes
law
damage and loss of freight and baggage, personal injuries,
expenses, rents payable and hire of cars.
INCOME ACCOUNT.
Receipts—
ft
et
as
this company and one-third to the Canada Southern.
The changes in the funded debt in 1883 were as follows:
The equipment mortgage bonds issued in October,
0-750 cts.
per pass.
Passenger
own funds.
balance of earnings, after paying the common
charges
stated, is then to be divided in the ratio of two thirds to
1874, and
falling due April 1, 1884, amounting to $556,090, were paid at
S,478,005 maturity. Of the $2,000,000 seven per cent consolidated mort¬
gage bonds referred to in last report, the $900,000 then remain¬
1,080,512
0-728 ets.
ing unissued have been issued, bearing five per cent interest.
$
The proceeds have been expended in redeeming the
equipment
4,730,088
bonds above mentioned and in partial
3 2,4 SO,09 i
payment of the cost of
3,297,474 the new passenger house and of tho terminal improvements at
..
mile
Freight (tons) moved
Freight (tons) lnil’ge
Av.rate p ton rp mile
Earn in (js—
it, down to the date of the agreement, from its
The
earnings
Interest, divid’s, Ac.
Fr.onbds.A st’ks sold
Total income....
1880.
1881.
$
8,331,350
$
0,092,903
238,675
2-J8.002
Dividends, guar
hiTideuds, ordinary.
Rate of dividend
cars A
engines*.
3S = 3.
$
7,107,832
98,392
7,511,803
158,540
8,510,018
7,781,038
7,266,224
7,670,343
282,955
2,022,730
273,925
357,097
2,012,230
53,350
2,714,955
53,350
3,957,320
53,350
3,957,320
3,957,320
8
471,870
3,132,120
53,350
3,957,320
8
8
8
074,919
....
6,916,350
1,623,662
7,771,371
10,207
7,0S2,712
183,512
7,014,000
55,677
1380 this item amounted to
$700,000, but was charged to operatand in 1882 it amouutcd to $1,019,000, but was charged
“[S
111 expenses,
general account below.
.a.
account:
CREDITS.
By transfer of the balance of .T. L. A 8.R.R. Northern Exten¬
sion account from this to open account
$1,095,123
By New York Central Sleeping Car Stock received from tho
Equipment Bond Trustees..
58,000
By amount of Joliet A Northern Indiana Railroad (’oust,ruc¬
tion account, refunded by thateompimy..'.
47,a43
By sales of materia!, Ac., formerly charged to this a.count..
7,024
Total
$1,207,996
DEBITS.
For land, right of way and additional station
grounds
Fur grading Sage’s Lake Branch
For balance Equipment Bond Trustees’ account for interest
an 1 discount
For the cost of D.‘.trait yard improvement to Dee 31, 1883..
For the cost of new passenger house at- Detroit to same date.
For the cost of ten new locomotives
For the cost of 750 new flat cars
Thus showing a decrease in the account of
$38,084
3,840
3,300
280,“(*3
13 <,952
3 26,168
303,894
$807,149
$310,846
The traffic earnings and expenses of the combined system
show the following increase : Earnings, $1,679,700 ;
expenses,
$472,700; and
tho
$1,207,000.
199,597
Total di.sbursem’td
following changes have occurred in this
Total
®i*cellaneous
Rylance, surplus
$
850,000
Disbursements—
Rentals paid
Interest on debt
1882.
The
resulting increase in net earnings of
As a net result of the joint operation of the roads the Mich¬
igan Central had $1,290,842 applicable to dividends, and paid
the Canada Southern
$611,570.
Comparative statistics for four
years
past, prepared in the
usual form for the Chronici e, are as follows, in the
year
Canada Southern being included in the operations:
188 i
CHRONICLE.
THE
570
[vol. xxxvni.
“
ROAD AND
§
EQUIPMENT.
1880.
284
520
1883.
284
1882.
284
729
1881.
284
665
The operating expenses,
cent of the gross earnings.
exclusive of taxes,
were 70*3 per
^
running October 23,1882, but on account
1,184 of
Miles 1’sed & centr’d
unsatisfactory arrangements for terminal facilities at
919
1,468 Chicago and Buffalo were practically limited to a car-load
8C4
1,013
Total operated..
396
exchange with connecting roads at those points and prevented
256
251
219
Locomotives
174
2<i9
166
from transacting a merchandise business.
150
This state of things
Pass..mail & exp. cars
11,275 remained unchanged until May 1, 1883, when we were admit¬
6,694
7,698
6,070
Freight & othtr cars.
OPERATIONS AND FISCAL RESULTS.'
ted to the premises of the Lake Shore Railway, and the use of
1883.
1830.
1882.
1881.
the tracks of the Illinois Central Company was then discon¬
Operations—
2,900,232
1,690,810
2,070,289
2,368,842
Passengers carried.
tinued and trains run over the Lake Shore & Michigan South¬
180.749^225
Passenger mileage. 115,523.789 135,706.148 142,237,061
2-21 ete.
ern Railway between Grand Crossing and Chicago.
2-1
Sets.
2*07
cts.
2*21
cts.
Rate$) jiass’ger $ m,
5,107,278
3,013,369
“The establishment of through-line freight organizations
Fr’iit (tons) moved.
3,707,137
4,106.806
Fr’lit (tons) mileage. 735,611,9.)5 790,022,030 703,241,320 1, 141,282,364
via our different connections at Buffalo required time, and not
0-830
cts.
cts.
0-77^
0-718
cts.
0-842 cts.
Av. rate $ ton $ m.
until late in the season were satisfactory results realized. The
$
$
$
$
Earnings—
4,007,1:48 net earnings of the last four months of 1883 were $467,826,
2,812.706
3,146,309
2,461,771
Passenger
0,472,36*>
5,426,455
5,675,731
6,19*5,971
Freight
529,853 being 73 per cent of the net earnings of the entire year. The
340,317
312,050
293,633
Mail, express, &c...
incomplete condition of the road rendered it necessary to make
14,000,767 considerable expenditures for shops and shop machinery,
8,913,081
8,800,487
Total gross earngs.
8,951,375
station buildings, yard tracks, &c., a detailed statement of
Oj)ei'utincf expensti.
1,758,084
2,207,410 which
Maint. of way, Ac..
1,627,919
1,226,536
accompanies this report.”
825.196
1,378.178
670.006
1,170.105
Maiiit. of equipiu’t.
directors elected were: Messrs. Anson Stager, Charles
The
5,020.641
3,431,244
3,121,704
Transport'n exp’n’s 2,824,901
222.853
255,793 Hickox, J. H. Wade, D. W. Caldwell and Chauncey M. Depew,
215,802
197,255
Taxes
780,607 The first three named were selected for three years, wffiile Mr’
398,990
631,935
Miscellaneous’
820,053
9,741,638 Depew was chosen for two years to fill the vacancy left by the
6,671,726
5,738,751
6,732,096
The directors of the Nickel*
4,268,129 death of Hon. Augustus Schell.
2,241,355
Net earnings
2,068,391
3,212,624
Plate road are now as follows : W. K. Vanderbilt, Cornelius
69'53
76-50
74*85
6411
P.c. op. exp. to earn.
Vanderbilt, F. W. Vanderbilt, Chauncey M. Depew, J. H.
Includes legal expenses, rentals, loss aud damage of freight, injuries Devereux, Stevenson Burke, D. W. Caldwell, J. Tillinghast,
to persons, car mileage, commissions, and several-sinall items.
H. McK. Twombley, W. C. Whitney, Anson Stager, J. H."
INCOME ACCOUNT.
Wade,
Charles Hickox.
1883.
1882.
1881.
18
1880.
Miles owned
“
Trains commenced
.
*
ReceiptsNet earnings
Int’st & dividends.
Disbursements —
Rentals paid
Interest on debt....
-Can. So. (*o of net).
dividends
Do
rate per ct.
$
$
$
3,212,624
134,374
$
2,068,391
133,845
2,241,355
127,951
4,268,129
67,701
3,346,998
2,202,236
2,369,306
4,335,830
184,310
1,385,120
184,310
1,508,616
184,310
1,617,061
468.455
374,764
184,310
2.249,106
611,571
1,124,292
2b
2
1,499,056
8
6
70,000
Miscellaneous
Total disb’m’nts
.
3,138,486
2,161,381
2,176,135
4,169,279
208,512
40.855
193,171
166,551
Balance, surplus...
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1831.
1880
$
A StftPf Q
RH.bdgs, eqpt.,&c.* 34,736.428
$
38,175,584
482,700
1882.
$
39,868,785
1883.
$
40.653,001
659,566
583.785
1,317,065
755,362
282,457
489,520
352,504
292,586
2,455,239
635,850
500,6s 6
36,955,366
40,089,827
42,515,725
44,833,536
etock
Bonds (see Sup )...
18,738.204
13 691,000
18,738,204
17,267,000
18,738,204
16,732^000
17,076,0n0
payable.
1,200,349
771,263
1,447,550
3,325,313
3,131,417
5,496,971
2,343,664
562,146
5,663,522
42,414,725
41,883,536
48‘•‘,387
562,570
fiths.&bds.ow’d.cst.
Bills A- acc’tsrec’ble
Materials, fuel, &c.
Cash on hand
Total
411,619
638,7<>0
Liabilities—
Accounts
Dividend, Feb.,’84.
Income account....
Miscellaneous
Total liabilities
*
18,738,204
181,943
36,955,366
40,089,827
Including leased lines and trustee equipment.
New York
Chicago & St. Louis.
ending Dec. 31, 1883.)
The first annual report of this railroad company (NickelPlate), now controlled by the Lake Shore & Michigan Southern,
was submitted at the meeting held in Cleveland.
Mr. W. K.
Vanderbilt is the President and from his report asgiveij in the
Cleveland papers the following extracts are made, the full
Teport not yet having come to hand. It is not known whether
the report will be printed in pamphlet form for distribution to
(For the
year
.
f:
the stockholders.
“The road extends from Grand Crossing, near Chicago, Illi¬
nois, to Buffalo, New York,
a
distance of 514*54 miles, 5*94
miles of which are double main track.
There are 85*38 miles
of sidings, including yard and shop tracks and ‘ Y ’ connec¬
tions with other roads, making a total of 603*86 miles; 561*87
jniles of this are laid with steel and 41*99 miles with iron
rails.”
*
*
*
“The equipment consists of 108 locomotives ; 24 first-class
passenger cars ; 10 second-class passenger cars ; 1 officers’ car ;
I pay car; 10 baggage cars ; 4 baggage and mail cars; 80
caboose cars ; 1,200 flat cars ; 210 gondola cars ; 4 derrick cars ;
TOO stock cars and 4,500 box cars.
“
At all local stations of any importance are
il
convenient depot
/buildings. At Chicago the passenger and freight depots and
yard tracks of the Lake Shore & Michigan Southern Railway
•Company are used and our trains enter that city from ‘ Grand
Crossing ’ over the tracks of that company.
“At Buffalo the local freight business is transacted upon the
Lake Shore & Michigan Southern tracks and the passenger
trains run to and from the passenger station of the New York
Lake Erie & Western Railway Company.
The earnings and expenses of the road for the past year
“
were :
EARNINGS.
From freight
From passengers
From express
From miscellaneous
Total.
OPERATING EXPENSES.
$2,000,562
Conducting transport’n.
$608,756
232,623
7.^0 <
86,695
Motive power
Maintenance of way
Maintenance of cars...
General and taxes
406,047
365.095
87,656
131,740
$2,327,683
$1,689,294
-Net
earnings
$638,389
Burlington Cedar Rapids & Northern Railway.
(For the year ending Dec. 31, 1883.)
The annual report of Mr. Tracy, President of this company, is
very brief, and it is quoted in full as follows : “ Owing to the
partial and in some localities entire destruction of the corn crop
by early frosts, in the scope of country tributary to the lines
of this company, and the consequent diminution of traffic, the
showing of business for the last half of the year is more satis¬
factory than at first anticipated, and notwithstanding this
loss to the farming and business interests of the country, the
earnings of the road for the year are in excess of the previous
year, thereby indicating increased earnings from through bus¬
iness. The report herewith presented in statistical and tabulated
form, fropathe accounting department of the company’s service,
will show the result of the year's business—disposition of earn¬
ings after payment of the operating expenses and fixed charges,
“The gradual increase of traffic from year to year has
necessitated a corresponding increase in equipment; and no
provision having been made to meet such contingency, the
expense of additional rolling stock of necessity had to be de¬
frayed from net earnings. Arrangements have been made to
cover into
the company's treasury the money expended in
constructing the lines of road mentioned in former reports
upon which no incumbrances exist, by bonding such lines at
rates not in excess of that borne by other portions of the road.
“In order to maintain the present standard value of the
company’s system of railway, as measured by its earnings, and
for the purpose of procuring increase of traffic over its lines,
and protection against encroachments of rival interests, the
directors have determined to continue the work of extensions
to a limited amount during the present year in accordance
with the policy adopted by the company at an early day in its
history, provisions therefore having been already made and
the work commenced.
The proposed changes in the com¬
pany’s articles of incorporation, as per notice thereof issued to
stockholders, were adopted at the stockholders’ adjourned
meeting held at Cedar Rapids on April 9.”
Statistics of operations, &c., for three years, compiled foi;
the Chronicle, are as follows:
ROAD AND
Miles
operated
EQUIPMENT.
1881.
....=
Passenger, mail aud express cars.
Freight cars
Coal and other cars
‘
1883.
713
60
76
r78
33
34
1,861
*
1882.
713
1
Locomotives
’•
644
1,978
-
79 1
48 1
-
34
2,323
903
OPERATIONS AND FISCAL RESULTS.
1881.
1882.
439,508
584,740
14,876,355 27,277,48 7
Rate per passenger per mile.......
2-83 cts.
2-34 cts.
Freight (tons) moved
1,716.182
2,225.655
Freight (tons) mileage
127,994,018 199,087,992
■
Average rate per ton per mile.....
1-392
cts.
1-051
cts.
Earnings—
$
$
639,506
Passenger
422,014
1,782,521
Freight
2,092,679
Mail, express, &c
68,197
54,501
1883.
550,554
28,181,968
2*32 cte.
1.628,687
167,974,822
1 260 eta.
2,259,033
2,800,682
2,863,554
331,747
385,864
659,815
437,636
589,611
555,694
488,251
593,066
564,743
147,582
65.552
Operations—
Passengers carried
Passenger mileage
Total gross
earnings
Expenses—
Transportation
Motive power
Maintenance of way
Maintenance of cars
Taxes
Geneial and insurance
Total expenses
Net earnings..
141,773
38,489
69,162
1,626,850
632,186
150,708
69,725
80,307
1,883,681
917,001
INCOME ACCOUNT.
1881.
Receipts—
Net earnings
Other
receipts
Total income.
1882.
$
654,746
2,117,949
90® 59
109,082
"l,968477
895.377
1883.
$
63 .’,183
59,190
$
917,001
895.378
48,596
691,376
995,058
943,974
78,057
THE CHRONICLE.
1884, j
May 10,
1881.
Distnirsemenls—
1882.
$
424,562
198,270
280,459
Equipment.
Other expenditures
-516,130
71,965 X?
368,502
22,396
916,874
..def. 225,498
$
484,624
13,583
Total disbursements.
1883.
$
QQK Q A K
uoD,OiJ
37,725
947,487
47,571
939,700
4,274
sur.
sur.
CLOSE OF EACH FISCAL YEAR.
1881.
$
Assets—
BR., build in
Beal estate.
Accounts re*
..
16,377,864
If 83.
$
17,800,364
18,138,109
10,604
171,657
183.471
Materials, ft
..
Coupon
1882.
interest paid
4.500,000
424,562
$
251,548
313,616
188,611
4,500,000
fore,
is virtually one brought by the former holders of the rail¬
property against the present holders of it to recover legal
title to it on the ground that they were deprived of it
by gross
fraud. It was alleged by the appellant in the Court below that
the default in the payment of the interest on its
bonds, which
was .made the
pretext for the foreclosure and sale of its road,
was fraudulently caused
and procured by means of dishonest
516,130
Miscellaneous items..
37,726
..
21,678,847
23,214,014
23,838,982
10,000,000
9,059,900
10,000,000
10,000,000
9,964,0(4)
Liabilities—
..
Bouds (see Supplement)
Bibs pay., voucli’s, pay-rolls,
..
..
Total liabilities
..
GENERAL
365.881
9,964,000
455,552
2,253,966
2,824,462
3,283,812
21.078,847
23.244,014
23,838,982
»S
INVESTMENT
collusion between its unfaithful board of directors and the
pres¬
ent appellees, and that, therefore, it is entitled to have the
decree of foreclosure and sale sit aside and its
property restored
to it.
The appellees demurred in the Court below
591,170
upon various
grounds, which this Court, in an elaborate opinion by Justice
Blatchford, declares to be insufficient. This Court holds :—
NEWS.
First.—'Th t the charges of fraud in the bill were sufficient to warrant
the discovery and relief based on those charges
Second.— i hat. the case set t'm di in the bid was one showing that no
real defense
as made in ihe foreclosure suit of 1876 heeause of
tho
unfaithful conduct, of the soli-dtor and directors of tin* defendant in
that suit, and it was, tin rt foie, a case of which a court of
equity* would
take ooirnizanee.
77/ied.—That mere was no Inches in filing the rill, as the time
during1
which the appeal to this court was pending could not be counted
against
Allegheny Valley.—James A. Logan and Wayne MacVeagli,
representing the Pennsylvania Railroad Company, Northern
Central Company and Philadelphia & Erie Company, made
application to the Court of Common Pleas at Greensburg, Pa.,
May 2, for the appointment of receivers for the Allegheny Val¬
ley Railroad Company. In the bill presented the plaintiffs
show that
the Allegheny Valley Railroad is debtor to the
amount of
827,600,000; that the Pennsylvania Railroad is its
the
Chicago k Eastern Illinois.—It is stated that President
Stevens of the Chicago & Eastern Illinois Railroad Company
has effected a settlement with the old Chicago Danville &
Vincennes stockholders, formerly in possession of the franchise
of this property, by which a clear title to the
will
be
property
Delaware & Hudson Canal.—Notice
was
plaintiff.
F-mr-’h.— That as the bill showed hostile control of the
corporate
affairs of the plaintiff by
directors dining -the period covered by the
foreclosure sni1., mere knowledge by or notice rb the id aim ill* or its direc¬
tors, ollicers or stock hohleis, of the tacts alleged in tin* bill, during that
period, Was unimportant, a case of a quicsetice, assent <>■• ratification
mt having been shown and the corporation having
acted promptly
when freed from ihe control of such directors
I i th.— That ir did nor, however, follow that parties who
bccaqie inter¬
ested in plaintiffs’ corporation, with knowledge of fin* matt rs set forth
in the bill, were entitled to tin* same standing as to relief with those
who
were interested in tlio corporation when the transactions
complained of
occurred.
Sixth.—That the Ciremt Court had jurisdiction of the 1 ill notwith¬
standing tin*.fact that the plaintiff aim some of the defendants were
citizens of Missouri.
Ttie decree of the Circuit Court is therefore
icvcrscd, and the case n m inded, with directions to overrule the
demurrers with costs,'and take farther
poceedings not inconsistent
with this Gourds opinion.
creditor for $13,G00,000; and that the Allegheny Valley has
failed to meet its indebtedness. The Court appointed John
Scott and \V. II. Barnes receivers, who gave bonds in the sum
of 1200,000.
given the Chicago & Eastern Illinois Company.
Pacific Railroad Company of Missouri,
appellant, against the
Missouri Pacific Railway Company, C. K. Garrison,
Jay Gould,
and others.
Appeal from the Circuit Court of the United
States for the Eastern District of Missouri.
This suit arises out of the alleged fraudulent foreclosure in1876 of a mortgage on the Pacific Railroad of
Missouri, the
sale of that road under decree of foreclosure, and
its reorgan¬
ization in the hands of Garrison, Gould and others, under the
title of the Missouri Pacific Railway Company. The suit, there¬
road
144,790
204,478
4,500,COO
484,624
571
sent to the Stock
Exchange of the proposed increase of the capital stock of the
Delaware & Hudson Canal Company from $20,000,000 to
The railroad property in controversy in this case was
$23,500,000, by the issue,, on June 10, of 35,000 new shares of bought in at the foreclosure sale in 1876 by James Baker,
$100 each. This increase of stock is in conformity with the for C. K. Garrison, Russell Sage and others, and a controlling
provisions of a circular which was issued to the stockholders interest in it was afterward sold by the latter to Jay Gould, and
on May 9, 1883.
it has since that time formed an important link in the Gould
Denver Rio Grande & Western.—A Broad Street house
addressed a letter to the Stock Exchange stating that they own
certain of the
original bonds of the Denver & Western, which
included in the number agreed to be guaranteed
by the
Denver Company, but which the
company has refused to
guarantee, and asked for an investigation. The committee on
stock lists summoned officers of the Denver & Rio Grande to
appear before them for explanation.
The Denver Company a
few months ago ordered no more bonds to be
guaranteed.
Houston East k West Texas.—Tin* Houston East Sc West
Texas Company offered to extend its road from the
present
terminus to Shreveport, La., provided that
city would give
$50,000 and the right of way and grounds for station and shops.
The proposition lias been
accepted and work will be begun at
are
once
at
Shreveport and Nacogdoches, Texas, the present
northern terminus of the lino.
Lake Shore k Michigan Southern.—At
Cleveland, May 7, at
the annual
meeting
of this company, President Newell offered
a resolution
that the Lake Shore and Pittsburg & Lake Erie
companies provide in equal proportions, from" time to time, as
needed,
not
sums
McKeesport
&
to
exceed
$2,000,000, to the
Pittsburg
Youghiogheny Railroad, taking either stock
or
was
adopted. Cornelius Vanderbilt, D. O. Mills, William
jj Basse las Brown were elected directors for three
years, and Frederick W. Vanderbilt for two years, to fill the
vacancy caused by the death of Augustus Schell.
Louisville k Nashville.—The gross and net earnings for
the fiscal
years 1882-3 and 1883-4. to April 1, have been as fol¬
lows :
-Gross.—
1S83-4.
,
July 1 to Doc.31 $7,794.965
1,039,317
jwruarr
1,015,431
aarc&
SDaiT
1882-3.
$3,272,847
1,113,735
303,442
1.014,807
1.141.337
421,175
322,890
451,292
$lu,l3f>,4iz
$1,299,70S
$3,849,708
1.187.738
Total
9 mos..
$ll,037,dol
.
,
302,304
403.455
redemption, in accordance with
mortgage.
this
company has bought the St. Paul Eastern & Grand
lfta^0a(l,
wh'ck is completed from Oconto, Wis., westward
miles.
3.
the
The road is to be extended westward about 65 miles
connection with the Lake Shore line.
Missouri
Pacific.—Press
dispatches from
Washington,
*»yo, gave the
following synopsis of the U. S. Supreme Court
ueci810n
affecting this company. The title of the suit is the
removes
merger agreements
all control of the Manhattan
New York Ontario & Western.—Below is a copy of a cir¬
cular which hns been addressed to the shareholders
by the
London committee:
sir: The shareholders are aware that nearly $lo,00\000
was sub¬
scribed on the reorganization of the company for extendi*
g its line to
$2,672,071
to date of
17113 °*'
agreement on the part of the New York Com¬
of November, 1881,
Company over the
New York Company.
All of the New York Elevated stock
which, under the merger agreements, was converted into Man¬
hattan stock, can now be re-converted into New York stock.”
Milwaukee Lake Shore k Western.—This company gives
JMice that-on October 6 next it will redeem the $199,000 in
aiifK no'v 0utstanding under the mortgage of March 1, 1879,
with interest
»
an
October, 1881, and the
This
—Net.—
1883-4.
1882-3.
$6,860,533
containing
pany with eacli Manhattan stockholder to pay on such Man¬
hattan stock dividends at the rate of six per cent a year, after
dividend of six per cent had been paid on tho New York
Elevated stock. If there is any surplus over the amount of
these dividends, it will be divided pro rata between the two
companies, according to the number of shares of each re¬
spectively. The Manhattan Company, in return, will surrender
its lease of the New York Company. Not only is the original
lease of May, 1879, abrogated, but also the agreement of
L. Scott and
Tnl
in the Tribune as follows :
“The New York Elevated Company, in consideration of the
stockholders of the Manhattan Company surrendering all
claims against the New York Company, will issue certificates
a
honda of the
company for the money so advanced.
Mr. Newell
said that the latter road
proposes to issue $1,000,000 more of
stock and $1,000,000 of second
mortgage bonds. The resolu¬
tion
system. The present case came to this Court on a legal tech¬
nicality in 1880 and was decided against the plaintiffs or
original owners of the road. The decision rendered to-day
will enable the plaintiffs to bring the case here upon its merit
and get a final decision of this Court upon the
charges of
unfaithfulness and fraud which, it is alleged, were the means
by which the road was wrecked.
New York Elevated—Manhattan.—At a,meeting of the
stockholders of the New York Elevated Railroad
Company an
arrangement was agreed upon under which the lease of the
lines of the New York Company held by the Manhattan Rail¬
way Company was surrendered.
The agreements of May, 1879,
and October, 1881, and the proposed agreement were read. The
resolution ratifying this agreement v. m adopted by a vote of
57,836 out of 58,350. The effect of the agreement is summarized
,
New York, yet notwithstanding the fact that the Weehawken
section of
seventy-seven miles between Middletown and Weelmwken has been con¬
structed largely from the. means of the Ontario Company, the
directors
had so arranged the contract that, they only hold the section on a
lease
of ninety-nine years, agreeing to pay to the West Shore
Company 2")per
cent of the gross receipts from all sources, and guarantee
ing that the 25
per cent should never be less than $5i 0,000 » ei annum.
“The committee have energetically protested against this
extraordinary
on tract, * ith the result that certain modifications have
been offered,
including tlie cancelment of the guarant c «>f $500.0 o. but they do nor.
consider the modifications adequate to the just rights of the Ontaiio
Company. The position as regaids o'lier points in this contract, and in
that in reference to the obligations connected with the terminal
com¬
also requires very close examination.
The chairman and Mr. Russell start for New York on the 29th
and the committee will report fully the result of their
pany,
“
itist.,
examination.
THE CHRONICLE.
572
and they feel assured thafcky negotiation th y will obtain still further
beneficial modilieations of the contracts above referred to, and thus
[Vol. XXSVia
She Commercial praxes.
place the Ontario Company in the position to which it is fai*iy entitled.
Yours faithfully,
“
(3igced)
*
“Joseph Price, Chairman.”
COMMERCIAL
New York West Shore & Buffalo.—The
financial relief of this company has been sent
plan for the
to the persons
expression for or against
EPITOME.
Friday
Night, May 9,1884.
view of getting an
The failures of the Marine Bank and of the firm of
Grant
the propositions.
The agreement which it is proposed shall be & Ward, and the complications arising therefrom
(which
are
made with the Metropolitan Trust Company, as trustee, is de¬
scribed as an “ agreement of first mortgage bondholders fully detailed on another page), have greatly disturbed mer¬
to receive 0 per cent bonds, with continuing first mortgage cantile circles here and at the West, retarding the
specula¬
lien, for interest as it matures during three years.” It is tions in leading staples and unsettling values. The bill
for
provided that the signing of the agreement by the holders of the reduction of import duties, which has been for
some
$25,100,000 first mortgage bonds of the West Shore Company
shall be an authorization to perfect the agreement.
Each sub¬ weeks under discussion in the lower House of Congress, was
scriber will, upon five days’ notice from the trustee named in defeated on Tuesday by a close vote; but the agitation of the
the agreement, present his bonds at the office of the trustee
subject continues. Inland navigation is now fully resumed
and permit the following words to be stamped upon the face
and general trade is fair for the season. The weather has
of each bond:
been quite stormy and rather cool, giving rise to reports of
Coupons Nos. 0, 7, 8, 0.10 and 11 of this bond are sul ject to the bond
holders’agreement of May 1,1881, and each successive holder of tliis
some injury to crops, and making it certain that the season
is
bond aud of the said
interested, witli
a
coupons
On each coupon
takes the
same
subject to said agreement
will be stamped “ Subject to bondholders
a
late
one.
The lard
speculation has not been so active in the past week,
were not so wide, but there i3 some im¬
provement im values, closing this afternoon at 8-61c. for May,
8*71c. for June, 8 82c. for July, 8*89e. for August and 8 94c,
promises to pay the principal in gold and the interest at the for September. Spot lard has latterly been taken more freelv
rate of‘G per cent per annum from July 1, 1884.
It is ex¬ fer export and closes at 8*45e. for prime city, 8*70c. for prime
pressly stated that the bond is issued for an amount equal to Western and S*85c. for refined for the Continent. Pork is
the interest falling due on July 1,1884, Jan. 1, 1885, July 1,
without essential change ;miess sells at $17@$17 25 and clear
1885, Jan. 1, 1880, July 1, 1880, or Jan. 1, 1887, upon the first
mortgage bonds of the West Shore Road, the right to collect at $18 75(3$19 25. Bacon and cut meats firm but quiet; the
and receive which interest, with the lien thereof preserved, is sales to-day embraced 35,000 lbs. pickled bellies at 7%(5)8c.
held by the Trust Company as trustee.
In case of 80 days’ Stearine has been more active at 9>'gC., and oleomargarine at
default in the payment of principal or interest of the now
Beef dull and
bond, or in case of foreclosure sale of the premises covered by 8^0. Dressed hogs close firmer at
the first mortgage, then the interest held in trust by the trust entirely nominal.
Beef hams selling slowly. Butter in more
company shall at once become due and payable upon the sur¬ demand; fresh creamery, 21@23c..; State dairy, 19@28c.;
render of the new bond.
The West Shore Railway Company Western
factory, 10<2l8e. Cheese, steady ; new factory, 8@
reserves the privilege of paying off this bond at any time
13)-£c.;
skims,
254(S5c. Fresh eggs firmer at 14}£@16J£c.
before maturity, and stopping the interest by giving three
Rio coffee has ffieen quiet but about steady on the spot at
months’ notice, and by paying to the holder the lace value of
10}4c; for fair cargoes; options have been very quiet for
the bond, together with a premium of 10 per cent.
several days, though in the fore part of the week they were
Should the proposed agreement not be signed by the holders,
fairly
active. The closing prices .are slightly higher than those
of the necessary $25,100,000 of first mortgage bonds before
of a week ago, May being at 8*60@8*65c.; June, 8*65@8*70c.;
July 1, 1884, it is stipulated that a majority of the signers may July, 8*70@8*75c.; August and September, 8*75(5) 8*80c.; October
extend the time in which the document may be signed.
In at 8 80(a8'85c., and November at 8*80@S*90c. bid and asked.
case this agreement is assented to by a majority of the holders
Mild grades have sold more freely at steady prices. Tea has
of the first mortgage bonds ($25,100,000), a syndicate of bank¬
been dull and rather weak, though the close is more steady.
ers have pledged themselves to take $2,000,000 second mort¬
Spices have, as a rule, been quiet and unchanged, but pepper
gage income bonds of the company, the money realized to be and cloves have sold more
freely at some advance. Rice has
used to relieve the immediate needs of the company. They
met with a fair demand at steady and unchanged prices.
will also, as part of the plan, advance $4,000,000 to the North
Molasses lias been
River Construction Company to be used to pay the unsecured Foreign fruits have been dull and weak.
quiet,
2054c.
for
50
deg. test refining.
and
Cuba
has
declined
to
creditors of that company. In return the syndicate is to
Raw sugar has been quiet on the spot and more or less
receive a portion of the West Shore stock held among the
depressed ; fair refining is quoted at 5|4@5 5-16c.; 4,000 hlids.
assets of the construction company.
It is understood that centrifugal to arrive have sold at 3 11-16c, cost and freight;
if this plan is successful the management of the West Shore
options have been more active at firmer prices, but the close is
Company will be materially changed in order to allow a repre¬ weaker, with sales of fair Muscovado for
September at 5*47^.;
sentation of the bankers who are to raise the money.
refined has been firmer on the spot; crushed closed at 7;*4c.*
Oregon Railway & Navigation Co.—In the suit of Spencer cut loaf at 7JgC., cubes at 714c., granulated at 7L£c. and stand¬
Irwin and others against the Oregon Railway & Navigation ard A at 6%c.
Kentucky ^tobacco has been quiet but steady on the spot,
Company, in the United States Circuit Court, Judge Wallace
has granted an injunction prohibiting the company from exe¬ though futures have latterly shown some weakness on ’Change
cuting a lease of its road pending the trial of the suit. The owing to easier markets at the West; the sales on the spot
injunction may be vacated on the company’s giving a bond for have been 273 lihds., including 158 hlids. for export at8@
$300,000. It is reported that the Union Pacific Railway has 1034c. for lugs and leaf; on ’Change the sales have been 759
offered to lease the property of the Oregon Railway & Naviga¬ hhds., including June to-day at 8c.
Seed leaf has sold to a
tion Company for 8 per cent dividends and the payment of all pretty liberal extent, and though there has been no marked
fixed charges, and the Northern Pacific has offered for tjie change in prices the tendency has been towards higher figures;
lease the payment of all fixed charges and 0 percent dividends, the sales have embraced 2,909 cases crop 1883, New England,
to be raised to 8 per cent if the road earns that amount, and including fillers at 6c., seconds at 1134c. to 14c., wrappers at
one-half of any excess earned over 8 per cent.
1354c. to 2254c., assorted Havana seed at 23c, to 30c.; 200 cases
—The Oregon Railway & Navigation Company’s earnings for crop 1883, Wisconsin, Havana seed, at 30c.; 64 cases crop 1883,
April and the ten months of the fiscal year from July l to do., seed leaf, at 12c.; 200 cases crop. 1883, Little Dutch, at
17c.; 100 cases crop 1882, Wisconsin, Havana seed, at 28c. to
April 80, are given as follows :
40c,; 150 cases crop 1881, Pennsylvania, at 6c. to 10c.; 159
April.
/
Ten months.
18S4.
1883.
18c3-4.
IMS 2-3.
cases crop 1882, do., at 10c. to 13c.; 100 cases sundries at 4J4c.
$432,600 $300,200 $1,580,133 $1,210,012 to
Earninps
25c.; 500 bales Havana at ,80c. to $1 16; 150 bales Yara II at
Operating expenses
260,100
220,483
2,579,631
2,159,3*7
75c. to 85c.; and 300 bales Sumatra at $1 05 to $1 65.
In naval stores a moderate business on the spot has been
Netearnin.es
$172,500 $178,807 $2,009,799 $2,060,525
Oregon Short Line.—The Oregon Railway & Navigation reported, but spirits turpentine closed firm to-day at 3254CJ
and Oregon Short Line are rapidly pushing their respective common to good strained rosins are slow at $1 4254@$1 45.
roads to a junction at Baker City.
About 110 miles of road Refined petroleum has had a fair outlet, aggregating 60,009
remain to be completed, the bulk of which is graded and ready bbls., 70 Abel test, at 8?<4c.; the feeling to-nigbt is firm. Crude
certificates were weakened by the reports of the free flowing
for the iron.
Richmond & Danville.—The principal office of the Rich¬ of the Gartland wells, and from 97c. there was a change to
mond & Danville Railroad will be removed to New York. 95;4c., closing at 95Jg@96c. In metals, wools, hops and oils
Colonel A. S. Buford, of Richmond, Va., who has been Presi¬ little of interest has transpired, and no quotable changes can
dent of the road, lias resigned, and George S. Scott, the Broad be quoted.
In ocean freight room little has been done on the berth, but
Street banker, lias been elected to take his place. Colonel
late
rates
have remained partially steady.
Oil charter
Buford is a member of the Board of Directors, and will repre¬
room has been more active, though at uncertain and slightly
sent the company in Richmond.
lower rates. To-day grain was taken to Newcastle by steam
Texas & Pacific.—An official of the Texas & Pacific says at 3d.; do. to Hull at l^d.; do.
to Liverpool by steam
that the company sold from January 1 to April 12, 1884. 68,000 quoted l^cl.; refined
petroleum to Gottenburg, 2s. 4%o.;
acres of land, at an average of $3 38 per acre, while the
average case oil to Constantinople, 165£c.; do to Shanghai, 26c.; crude
price recorded up to December 31 last was $2 74 per acre. The to Barcelona, 3s, 3d.; refined do., from Philadelphia to tne
lands were sold for stock-raising and agricultural purposes.
Baltic, 2s. 9d,
agreement.”
The holders who surrender coupons will receive
6 per cent debenture bonds, and their coupons will re¬
main with the trust company and not lose their lien in case of
failure to fulfil the agreement.
The new 0 per cent bond will mature July 1, 1894.
It
new
.
s
and the fluctuations
THE
!8£4.j
MAY :,0,
CHRONICLE.
COTTON.
In addition to above exports, our telegrams
to-night also give
the following amounts of cotton on shipboard, not
cleared,
at the ports named.
We add similar figures for New York,
which are prepared for our special use by Messrs.
Carey, Yale
& Lambert, 89 Broad Street.
us
Friday, P. M., May 9, 1884.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (May 9), the total receipts have reached 15,657
bales, against 20,053 bales last week, 20,923 bales the previou
week and 30,274 bales three weeks since; making the totas
On
May
9, at—
Mon.
Sat.
Receipts at—
53
Galveston
Indianola, &c.
TUC8.
138
....
Wed.
4
....
S
....
Orleans...
119
1,445
380
Mobile
Florida.... ....
Savannah
Bransw’k, &c.
Charleston
Pt. Royal, &c.
Wilmington....
Moreli’d C.,&c
71
91
56
....
.
....
381
39S
...
236
553
Fri.
Total.
2
311
....
....
•
29S
593
3,116
65
89
159
531
95
95
....
57
100
....
51
•
.
....
161
1,509
25
25
3
933
....
38
.
107
Fi'ance.
Leaving
Coast¬
wise.
Foreign
Stock.
Total.
2,200
7,671
4,136
1,057
862
13,726
517,523
34,145
3 865
9.935
16.522
12,837
2,060
67,669
40,540
496.550
476.709
None.
None.
None.
None.
None.
1,200
Savannah
Galveston
Norfolk
New York
Other ports
Total 1S84
Total 1883
Total 1882
Other
4,136
None.
None.
None.
None.
None.
None.
None.
4,271
Mobile
Caaneston
lOt
....
....
NewOrleana....
246
412
....
Thurs.
showing
Shipboard, not cleared—for
Great
Britain.
receipts since the 1st of September, 1883, 4,728,976 bales, against
5 711,245 bales for the same period of 1882-83,
decrease since September 1, 1883, of 982,269 bales.
673
2.1,503
29
123
8,559
None.
523
None.
None.
None.
None.
None.
None.
523
300
139
300
200
300
None.
None.
300
139
300
1.400
2,500
127,275
8,794
2,425
3,818
5,571
5,959
340.553
23,128
4 9S7
Unusual influences have entered into the speculation in cot¬
ton for future
delivery at this market during the past week,
causing some sharp fluctuations in prices. A slight decline on
Saturday was followed by a small advance on Monday, with¬
35
35
out any very salient influences at work.
39
100
2 42
40
112
On Tuesday, a sharp
Norfolk
45
57S
pressure to sell was caused by the announcement of the failure
94
West Point,&c
94
of the Marine Bank, with which a large number of brokers
167
304
32
New York
232
26
811
had accounts, and in which considerable sums held as
437
533
470
626
451
Boston
563
margins
3.0S0
on contracts were
supposed to be deposited. Prices fell off
Baltimore
2,439
2,439
7(4)11 points, August selling down to ll*77c.—the lowest figure
7
78
414
143
Philadelp’a, &c.
1,056
221
1,952
in many weeks,
Later explanations made the relations of the
1.518
2.992
3.384
1.257
l,99r>
Totals this week
4.48!
Jr 6^7
Cotton Exchange with the suspended bank less difficult than
For comparison, we give the following table showing the week’s had been apprehended, and a partial recovery took place, fol¬
On Thursday,
total receipts, the total since Sept.l, 1883, and the stock to-night, lowed by a slight advance on Wednesday.
and the same items for the corresponding periods of last year. stronger accounts from Liverpool, private advices of reduced
receipts at Bombay, and the persistent assertion that too much
1883-84.
1882-83.
Slock.
rain had fallen, especially in the Southwest, caused a brisk buy¬
Receipts to
This
Since Sep.
ing movement for the rise, resulting in an advance for the
This
Since Sep.
May 9.
1884.
1883.
Week.
day of 9(4 14 points, making a total recovery from the lowest
Week.
1, 1883.
1,1882.
figures on Tuesday of 14(4)20 points, with a firm closing. To¬
311
Galveston
586,523
8,122
798.807
5,710 50,195
day the opening was easier and the speculation much less
Indianola,&c.
132
8,472
16,533
active, but the market gained strength; then came a fresh
New Orleans...
3,116 1,499,070 14,331 1,599,733
135,831 153.CSS decline, the close being weak, at a material reduction for the
Mobile
531
250.991
next crop ; but, compared with last Frida}", showing little
1,708
306,712
8,794 18,601
Florida
95
69
42,847
13,303
change for this crop and 4@5 points dearer for the next.
Bavannah
648,590
1,509
3,163
794,738
4,118 20,030 Cotton on the spot has been very dull.
There was a decline of
25
1-16c. on Tuesday, but it was not quoted till Wednesday. Yes¬
8,055
Brunsw’k, &e
5,508
Charleston
993
414,676
4,031
562,099
2,953 17,079
terday there were* rumors of considerable sales for home
Pt. Royal, &c.
9
260
13,633
21,117
consumption, but they were not officially reported until to¬
79
501
91,596
Wilmington....
126,073
2,450
4,212 day, when there was a quiet market at 11 11-16c. for middling
M’kead C.,&e
35
12,570
57
uplands.
18,316
Norfolk
The total sales for forward delivery for. the week are 518,000
578
8.251
572,831
766.516
6,259 39,264
bales. For immediate delivery the total sales foot up this week
West Point,&c*
9 i
220.425
1,023
219,(29
New York
1,628 bales, including 12 for export, 1,616 for consumption,
811
353
105,980
133,165
341,953 226 516
for speculation and — in transit.
Boston
Of the above, — bales
3,080
173,833
4,699
171,312
7,160
5.935
were to arrive.
The following are the official quotations for
Baltimore
2,439
23,421
1,642
53,624
7,430 16,865
each day of the past week.
1,952
Philadelp’a.&c.
50,444
1,872
8.538
93,510
6,701
....
—
8
....
43
....
17
....
....
....
....
....
2
6
....
....
....
....
....
....
9
9
3
79
....
....
....
....
....
....
—
*
,
15,657 4.728,976
50,575 5,711.245
531.249 564.219
In order that
comparison may be made with other years,
give below the totals at leading ports for six seasons.
Receipts at—
1883.
1884.
Galvest’n.&c.
311
New Orleans.
3,116
1882.
•
1881.
1830.
Ordin’/.$Ib
1879.
Charl’at’n, Ac
Wilm'gt’n,&c
114
553
Norfolk, &o..
672
9 282
2,995
6.619
4,171
3 050
All others....
8,422
8,635
11,457
14,167
4,137
4,621
lot. this w’k.
15,657
50,575
25 831
49 150
24,636
19,897
Savannah....
2,907
2.9S5
1,454
4,897
12,603
1,737
9,496
3,035
'1,974
2,295
4.965
1,459
2 497
1,136
1,738
3,500
1,137
2,634
1,423
329
362
197
225
l
8|noe 86pt.
1.
4
728,976'5711.2 45 U 4 92.046 V
3,257
1
c cnm
4689.101'4355.935
Galveston includes mdiauola; Charleston includes Port Royal,
&c.;
Wilmington includes Morehead City, <fec.: Norfolk includes City Point, <fcc.
of
to
The exports for the week ending this
evening reach
a
total
18,261 bales, of which 11,112. were to Great Britain, 2,314
France and 4,835 to the rest of the Continent, while the
stocks as made up this evening are now 531,249 bales. Below
rTecfc Ending May 9. '
Exported to—
Experts
Great
Brit'n. France
/roR.—
■Galveston
•••»•.
Nevr 0rleuc3..
D.73S
Mobile
Florida
fiavannhh
•
«
.
•
•
2.203
Total
nent.
Week.
1.3G0
/
T
A
Sept. 1,1883, to May 9,1884.
Exported to—
Conti¬
•
T
From
Great
Eritai:i. Fra?
8,000
•
•
•
50,157
155,016
11 ’,205
Charleston *...
Wilmington..
.......
......
Norfolk!:
*•»•••
......
253,922
3,sn
321,127
883
99,226
101,009
86,174
...
2,6:2
3,515
Boston
b Itimcro
Ictal
970
11.112
uuua
103
103
Total iys?_S3
T
259
2.6S2
S*>3
Pailadelp*r,&c
_
40
44 931
976
—
2 314
6.319
4,835
26.174
exports irom i-'orr, noyai,
9%
9%
9%
Mon Tues
934
Strict Ord..
91V 91516 9iV io-v
Good Ord.. 10%
11
10%
10%
Str. G’d Ord ills
11%
11*8
113s
Low Midd’g 1138
1138
1138
11%
Str.L’w Mid 119,6 11016 11016 11%
Middling... 11%
11%
11%
12
Good Mid.. 12
Sir.G’d Mid 12%
12
12
12%
12%
12%
12%
Midd’g Fair 12%
12%
1258
Fair
133s
1330
Wed
12%
133ft
Tb.
13%
Wed
Frt.
Sat.
9%
9%
9%
9%
103,6
103,6
103,6
11
9%
103,6
11
11
11
11
113a
11%
1138
11%
12
12
12
12
12
12%
12%
12%
13%
12%
12%
12%
12%
12%
12%
13%
12%
12%
12%
13%
Fri.
Wed
11%
11%
11%
11%
11%
11%
11 !V 1H316 lll V mv 1113,6
Tb.
Low
Midd’g 1 l5ift
43.413
136,431
3,829
47,24 2
......
20,588
29.871
81,714
435,712
3,423
102,049
55,799
158,760
3,638
89 812
1,898
77.471 2 550.3! 0,407.057
274.510
680,749 3.534,630
1.307,004 4,244.541
12%
13%
Tb.
Fri.
11016 ! 119,6 1119,6 1119,6
11V
1 1 U1B
11016
IV
11%
11%
11%
Sat.
Mou Tuen Wed
119,6
} 11%
11%
Middling... jlli lift 111%, 1H%0 inv 11 Vg 111o, 6 1115,6 1113,6 1115J6
Good Mid..' H1d16 111 v inv 12V 12*116 i 123,6 123,6 123,8 123,6
j
3 u*. G’d Mid 12 V, i'-V 12V 1127,6. 127,6 127,6 | 127,6 j 127,6 127,6
Midd’g Fair 12 V ! 120J6 12016 121 V 121V 121316121V 1213,6 121313
Fair
'13V 1 130,6 1 3% 6 139,6 130,6 139,6 ’ 139„, 139,6 I 139,6
Str.L’w Mid 11%
STAINED.
Gjod Ordinary
S riot Good Ordinary
Li >w Middling
111%
I 11%
$ lb
|
9%
9%
913,6
913,6!*
10%
11%
10%
11%
9%
91316
j 10 %
11%
Tb.
9%6
9%g
9%
9%
109,6
113,6
109,6
113,6
Fri.
MARKET AND SALES.
Tota
357,709
272,133
’12 Jo
12%
13%
9nJ
368 530
84,174
391,054 1,366 292
1,330
57,537
188.717
Mon. Tues
O *din’y.$Ib 9V
91 %n 9i%6 on,6 9l%«
9V
9%6
Strict Ord..
10%
10%
9*8
978
10%
10%
97S
10%^ 10%
Good Ord.. ioiv 101%6 101%6 ioiv ioiv!ioiv 101o]G 10lo,6
10V6
8 or. G’d Ord 1 1116 11 % 6 11%6 lla16 110,6 1 11V 1 1°16 115,6 115,6
Middling
3.704
13,436
24,497
13.261 2,200,374 453,563
Includes exports from West Point, &c.
34,763
3.704
_
....
New York
nent.
Sat.
RALES OF SPOT AND TRANSIT.
219,533
716 143 .] 19,095
.
Mon Toes
Conti¬
ce
1 830
•
Sat.
we
1,509
1,002
531
TEXAS.
tty «J tl/
May 9.
8,254
14,334
1,70S
3,463
4,341
Mobile
il/
NEW ORLEANS.
j
Total
UPLANDS.
SPOT MARKET
CLOSED.
Sat..
Ex-
j Con- Spcc- Tran¬
port. sump. uVVn sit.
Very dull
12
Dull
Tues. I)u!l and easier..
Dull at i,6 dec...
Wed
....j1
Mon
.
.
•
.
•
.!
Thurs Dull
Fri
Firm
92
3o
274
106
89
1,020
.
Total.
12
1.616
Total.
....
....
m'm
+
•
....
....
....
....
....
....
....
....
....
....
The
daily do,liveries given aoove are actually
previous to that on which they are reported.
The Sales
Prices of Futures
FUTURES.
Sales.
Deliv¬
eries.
101
55.200
3 5 57.700
274 l-l'2.800
106 91,500
89; 84,100
3,400
1,300
84.700
1,100
1,020;
1.623
delivered
COO
600
900
5,900
the
day
are shown by the follow¬
In the statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
and
ing comprehensive table.
THE CHRONICLE.
5M
i2|!
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O
—
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er
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{£.£■
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:
The Visible Supply of Cotton
and telegraph, is as follows. The
LLP. *-*
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2,727,321 2,939,433 2,707.026 2,913,242
6 bed5%d.
6%!.
5l3i6d.
Continental ports this week have been
0
rf'*
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Includes sales in September. 1883, for September, 70,200; Septemt>er-October, for October, 338,600; Septeinber-November, for November,
1,780,800; September-Marcli, lor March, 2.301),800; Septcmber-April,
for April, l.i)9i\b00.
Transferable Orders—Saturday, 1170c.; Mondaj*, 1170c.; Tuesday,
ll’dOc.; Wednesday. ll Oac.; Thursday, 117fc.; Fridav, 1170c.
Short Notices for Msiy—Saturday, 1 l-Oaft lldc.; Monday, n-es-S)
”
Wednesday, ll*58c.; Thursday,
T
1170c.; Tuesday, 11*63o'll-64c;
Jl*63c.; Friday, il 69@ll*71c
following exchanges have been made during the week:
pd. to exeh. 300 May for Aug.
pd. to exeh. 200 May for June.
pd to exeh. 200 May for June.
pd. to excli. 1.000 Nov. for Aug.
•24 pd. to exeh. 100 May for Aug.
•16 pd. to exeh. 200 Dec. for Oct.
•o4 pd to exeh 100 May p. n. for
i*e polar.
•09 pd. to excli. 100 July for Aug.
*07 pd. to exeh. 200 May for June.
.
C
ip*
*5 ’•
mT
*
p
.
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to to
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x'a tcT-Virf-kj lot-modgo acotoxc©
© O' rf- tG X O' ©
© a rf- X CC X CC M rf. tG tv
X X © © tG X © to O' rf- G» cn
© O' X © to CC © tG
•08 pd. to excli 400 May for .Time.
27 pd. to excli 200 May for Aug.
19 pd. to excli 400 Juno lor Aug.
•ci) pd. to excli 100 July for Aug.
•09 pd. to excli 100 May for June.
•28 pd. to excli 100 May for Aug.
1 01 pd. to exc h. 100 Dec. for Aug.
•17 pd. to exeh 10o Nov. for Oct.
•86 pd. to exeh, 1,000 Nov.for June.
wek. This
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42,000
1,849,821 2,174,933 1.704,492 2,223,032
i?f
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690,210
120,200
315,000
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91.310
281,000
41,000
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704,492 2,223,032
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3,300
The above figures indicate a decrease in the cotton in sight
to-night of 212,112 bales as compared with the same date of
1883, an increase of 20,295 bales as compared with the corres¬
ponding date of 1882 and a decrease of 185,921 bales as
compared with 1881.
At the Interior Towns the movement—Lliat is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1882-83—is set out in detail in the following statement:
£
mm'coCC IG
110,943
223,000
afloa
.,
^
C
351,000
60,000
116,53 4
400,000
53,000
urope.
(jr^° The imports into
59,000 bales.
o
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746.000
266,000
466,000
561,716
175,316
7,000
364.000
237,000
55,300
o
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6,930
360,310
.517,249
1
292,000
70,000
122,500
352,000
Total visible supply
Price Mid. Upl., Liverpool...
C©c®
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531,249
72,072
5,500
London stock.
Total East India, &c....
Total American
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216,000
574,000
561,219
131,214
12,500
1,849,821 2,174,933
Egypt, Brazil, <kc
W
99
4,000
.
6 22,000
10 0,000
67 7,000
752,000
317,000
172,000
.
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216,534
780
209,000
3,800
31,600
East Indian, Brazil, <£c.—
&5
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336,200
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5,730
American—
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5,000
60,000
10,( 0 )
43; 500
1,900
i0,000
9,700
Liverpool stock
bales>
Continental stocks
American afloat for Europe...
United States stock
United States interior stocks..
United States exports to-day..
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281
.2,727,321 2,939,133 2,707,026 2,913,242
o
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18,900
2,100
7.066
48,000
C f the above, the totals of American and other descriptions arc as follows:
xooOob
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6,000
at Genoa
at Trieste
4ii000
..
I
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atf5-
2,200
27,900
2,650
32,100
5,000
5,603
e
Barcelona
at
3,800
41,'00
3,300
138,00 )
7,300
84,000
233,009
—
2
M
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Old
1•
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900
at Antwerp
at Havre
at Marseilles
60,000
1,5 53,500 1,305,500 1,262,534 1,379,210
352,000
409,000
315,000
281,000
172,000
351,000
574,000
466,000
37,000
53,000
41,000
42,000
Egypt,Brazil,&c.,aflt for E’r’pe:
53! ,219
564,219
517,219
Stock in United States ports
£62,716
131,214
110,043
Stock in U. S. interior towns..
72,072
175,316
3,300
United States exports to-day..
5,500
12,500
7,000
I
xx
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at Rotterdam
55,300
1881
974 000
9J9,300 1,016,000 1.01S,900
3,000
71,600
49,000
1,000
at Hamburg
at Bremen
at Amsterdam
986,000
India cotton afloat for Europe.
Amer’n cott’n afloat for Eur’pe!
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Stock
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Total Continental stocks.
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75
to-night, as made up by cable
Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns
and consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
figures for to-night (May 9), we add the item of exports from
the United States, including in it the exports of Friday only.
Stock at Liverpool
Stock at London
® •
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This year’s figures estimated.
The above totals show that the old interior stocks
creased during the week 2,877 bales and are
*■
to-night 59,
v.;v
Ml? TO,
THE
1884. J
CHRONICLE.
575
than at the same period last year. The receipts at rotting. The rainfall reached four inches and two hundredth
been 20,333 bales less than the same week The thermometer has averaged 66, ranging from 52 to 80.
last year, and since September 1 the receipts at all the towns
Huntsville, Texas.—It has rained on two days of the week
are 643.178 bales less than for the same time irr 1882-83.
harder than desired, but beyond the interruption of work prob¬
QUOTATIONS FOR MIDDLING COTTON AT OTHER MARKETS.— ably no serious damage has been done. The rainfall reached
In the table below we give the closing quotations of middling
one inch and sixty-six hundredths.
The thermometer lgi3
cotton at Southern and other principal cotton markets for each
51
ranged
from
to
82,
averaging 68.
day of the past week.
bales less
game
f etk
towns have
Hay 9.
Satur.
Galveston.--flew
Orleans,
mobile.-.- —
gavannab....
Charleston...
Wilmington..
florfoli
Boston
Baltimore...
Philadelphia.
Angusta
Memphis....
Louis
Cincinnati...
sl
Louisville—
Luling, Tei as.—We have had rain on two days of the week
reaching one inch and four hundredths. Crops are
doing tolerably well, but we are having too much rain and dry
weather is wanted.
Average thermometer 69, highest 82,
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
ending
Mon.
11%
1 1%
Wednes.
Tues.
Thurs.
Fri
11*4
11%
1138
11%
11%
11%
11%
11%
113s
11%
11%
11%
11%
11%
11%
113a
11%
11%
11%
11%
11%
11%
113a
1138
11%
11%
11%
11%
11%
113a
1138
11%
11%
11%
11%
11%
113a
113a
1178
1178
1178
11%
12%
113s
11%
11%
1158
11%
1178
11%
12%
1138
11%
11%
11%
12%
113a
11%
11%
1178
lfi'w
1111 16
11®8
11%
12%
113s
11%
11%
1158
11%
11%
11%
U%
1158
the rainfall
lowest 57.
Brenham, Texas.—We have had rain on two days of the
week, almost a flood, the rainfall reaching five inches and
sixty-five hundredths. Much damage has been done and much
replanting is required. The streams are all out of their banks.
The thermometer lias averaged 70, the highest being 85 and
1178
12%
12%
113a
il%
11%
115a
11%
11%
11%
11%
11%
11%
the lowest 59.
Plantations.—The following table is
Receipts from the
prepared for the pnrpose of indicating the actual movement each
week from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one year
than another at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following. In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market
through the outports.
RECEIPTS FROM PLANTATIONS.
WUk
Receipts at the Ports.
1882.
Feb. 22
II
1883.
1884.
00,160 134,448
51.030 135.321
58.747 124,820
29
Mch. 7
M
14
•«
21
57.454 111,181
01,910 105,002
H
88
54,035
April 4
St'k atlnterior Towns.
1882.
1884
| 1883.
68,720 315,073 304,621
40.8:6 284,303 297,173
42,035 233,618 270,940
52,884 233.182 260.071
37,001 215.944 257,152
205,477
31,648 121,0'i0
46.932
184,414
25,874 103.733
28,813
10,030
■■v o CC O <3>
3'.141
37.835
33.599
74,021
08,889
IB
33,000
Ray 2
34,423
25.881
50 575
*
9
1884
51,394
25
11
j 1883.
50,136 129,076
32.022 122,314
80,000
141,230
78,708
125,394
72,035 30,113, 201,747 239.401 110,008
60,527 30.274 180,231'213.029 08,900
50,244 20,023 157,8:6 180.800 90,791
48,701 20,033 143,327i 104.383 82,860
II
1882
05.013 302,430 321.434 254.450
76,487 313.072 308,417 227,265
44,467
32,220
2J,so:>
U
Rec'pts from Plant’iu
15.65?' 127.630
147.042i
31 235
27,229
10,032
S,3 34
11,101
49.302
33311
55,241
21,249
14,737
40,005
10.100
30.021
12.757
10,914
23.338
12,< 08
10.1*4
3M34
14 0-3
The above statement shows—1. That the total receipts from
the plantations since September 1, 1883, were 4,761,055 bales;
in 1882-83 were 5,842,702 bales; m 1881-82 were 4,574,251 bales.
Belton, Texas.—It has been showery on three days of the
week, the rainfall reaching one inch and thirty hundredths.
Planting lias been about finished in this vicinity. The ther¬
mometer has averaged 65, ranging from 44 to 81.
Weatherford, Texas.—We have had hard rain on one day of
the week, the rainfall reaching three inches and ninety-eight
hundredths. We are having too much rain, but no serious
damage lias been done. The thermometer lias ranged from 45
to 81, averaging 63.
Dallas, 'Texas.—We have had a hard shower on one day of
the week, the rainfall reaching one inch.
Accounts from the
interior are conflicting, but the recent heavy rains have cer¬
tainly done much harm. Tli*1 extent cannot as yet be esti¬
mated, but considerable replanting is required.
Average
thermometer 66, highest 84, lowest 45.
Hew Orleans, Louisiana.—It has rained on four days of
the week, the rainfall reaching one inch and forty-nine hun¬
dredths.
The thermometer has averaged 68.
Shreveport, Louisiana.—We had heavy rains on the 3d and
4th, followed by clear and fair weather. The rainfall reached
three inches and eight hundredths. The river is high and
rising rapidly ; there is considerable uneasiness among plant¬
ers.
Roads in fair condition.
The thermometer has ranged
from 56 to 85.
Vicksburg, Mississippi.—We had delightful showers on
days in the early part of the week, and it* also rained
2—That, although the receipts at the outports the past week
severely on one (lay, but the latter joart of the week has been
were 15,657 bales, the actual movement from
plantations was
only 14,083 bales, the balance being taken from the stocks at clear and pleasant. The rainfall reached t wo inches and eightythe interior towns. Last ^rear the receipts from the plantations nine hundredths. The thermometer has ranged from 61 to 82.
for the same week were 34,134 bales and for 1882 they were
Meridian. Mississippi.—It has rained on four days of the
10,184 bales.
week. We are having too much rain. Weeds are growing so
Amount of Cotton in Sight May 9.—In the table below
fast that they are becoming troublesome.
we give the
receipts from plantations in another form, and add
to them the net overland movement to
Greenville, Mississippi —Telegram not received.
May 1, and also the
Last week we had rain on two days, with a rainfall of ten
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
hundredths of an inch.
The thermometer ranged from 53 to
85, and averaged 71. Rainfall during April, five inches and
1882-83.
1883-34.
1881-82. 1880-81.
Bwelpta at the ports to May 9.. 4,728,976 5,711,245 4,492,046 5,446,033
Interior stocks
excess of
on
May 9 in
September 1
3?, 079
131,457
82,205
155,824
Tot. receipts from plantat’ns 4,761,055 5,842,702
4,574,251 5,601,857
546,726
599,862
472,241
422,630
Jet
overland to May 1
southern consumpt’n to May 1.
264, OCO
275,000
210,000
175,000
Total in sight May 9
6,717.564 5,206,881 6,249,098
kwill he seen by the above that the decrease in amount in sight
to-night, as compared with last year, is 1,145,783 bales, the increase as
with 1881-82 is 364,900 bales, aud the decrease from 1880-81
k 677,317 bales.
Weather Reports
by
Telegraph.—In
at the
general the weather
planting and devel¬
South has been favorable for cotton
opment during the week.
In Texas, however, and also at a
few other
points in the Southwest, there has been too much
interfering with farm work and making some replanting
necessary.
Galveston, Texas.—We have had hard rain on three days of
the week, the rainfall
reaching three inches and twenty^ven hundredths. We are having too much rain; dry weather
J8west
badly needed. Average thermometer 72, highest 80,
60.
’
fadianola,
Texas.—It has rained hard on five days of the
the rainfall reaching four inches and ninety-eight liun^©uths. Accounts from the interior conflict, but
unquestion¬
abl
y we are having too much rain.
'!) the
The thermometer averaged
highest being 84 and the lowest 56.
Palestine,
^
Ttxas.—It has rained very hard on five days of
week, and
much
damage is feared from washing and seed
three
fifteen hundredths.
Columbus. Mississippi.—It
has rained
on
two days of the
week, the rainfall reaching one inch and thirteen hundredths.
May thus far has been a little cool, but otherwise the weather
The thermometer has averaged 74, ranging
has been favorable.
from 58 to 86.
Little Rock, Arkansas.—It has been fair to clear on three
days, and the remainder of the week has been cloudy with
The rainfall reached three inches and three hundredths.
rain.
We had a hard shower of hail on Monday evening, since which
time the weather has been quite cool.
The thermometer has
ranged from 51 to 74, averaging 63.
Pine Bluff, Arkansas.—We have had rain on two days of
the week, the rainfall reaching two inches and thirty-five
hundredths. Average thermometer 65, highest 80 and lowest
52.
Last week it rained on three days.
The thermometer
averaged 68, and ranged from 50 to 80. During April the rain¬
fall reached nine inches and ninety-nine hundredths.
Fort Smith, Arkansas.—It has rained on three days of the
week, the rainfall reaching one inch and twenty-five hun¬
dredths.
We are having fine weather for cotton planting.
The thermometer has ranged from 50 to 84.
It rained on three
da}Ts last week. The thermometer ranged from 50 to 78, and
averaged 66.
Helena, Arkansas.—We have had rain on three days, and
the remainder of the week, excepting one clear day, has been
cloudy. The rainfall reached two inches and forty-six hun¬
dredths. The river is falling, being now about inside its banks.
Weather to-day clear and warm. The thermometer has aver¬
aged 67, ranging from 58 to 76.
Monticello, A rkansas.—Telegram not received.
Newport, A rkansas—Telegram not received. ,
Memphis, Tennessee.—We had rain on the first five days
of the week, and the remaining two days have been fair and
r
THE CHRONICLE.
576
Shipments for the week.
clear. The rainfall reached two inches and sixty-one hun¬
dredths. We are having two much rain, which is greatly
The season is from two to three weeks
late. The river is four feet five inches below the danger line,
and rising slowly.
The thermometer has averaged 67, the
highest being 82 and the lowest 57.
JSashville, Tenness*e,—We have had rain on five days, but
as the week closes the weather has taken a favorable turn.
The rainfall reached one inch and eighty-seven hundredths.
The thermometer has averaged 67, ranging from 56 to 79.
Mobile, Alabama.—It has been showery on two days, and
has rained severely on one day of the week, the rainfall reach¬
ing two inches and forty-seven hundredths. The crop is
developing promisingly, and the plant looks strong and
healthy. The thermometer has ranged from 61 to 87, aver¬
aging 72.
Montgomery, Alabama.—We have had delightful showers
two days of the week, and the indications are that they
extended over a wide surface. The rainfall reached thirtyfour hundredths of an inch.
The thermometer has averaged
;
on
72*6.
In last week's
report fertilizers should have
Calcutta1884
1883
Shipments since January l.
Great
Total.
4,000
4,000
Continent.
Britain.
86,000
Total.
38,000
9,000
124,000
13,000
4,500
4.GOO
17,600
5,500
13,500
4,000
3.000
2,000
16,500
6,000
112,500
61L200
45,600
158,100
57,700
06,700
Madras500
1884
1883
All others—
18*4
1883
500
......
....
...
Total all1884
1883
4,500
4,500
1,000
12 000
78.200
The above totals for the week show that the movement from
the ports other than Bombay is 4,500 bales more than same
week last year.
For the whole of India, therefore, the total
shipments since January 1, 1884, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROrE FROM ALL INDIA.
been stated in
tons, not value.
Selma, Alabama.—We have had rain on two days, and the
remainder of the week has been pleasant. The rainfall reached
eighty-eight hundredths of an inch.
The thermometer has
Conti¬
nent.
Great
Britain.
retarding farm work.
•
[vol. xxxvm.
1883.
1884.
Shipments
to alt Europe
from—
Bombay
All other
This
This
week.
Since
Jan. 1.
week.
45.000
774,000
73,000
4,500
158,100
•
ports.
1882.
Since
Jan. 1.
This
week.
Since
Jan. 1,
811,000
78,200
00 CO
864,000
160,000
as
©00 o© o©
averaged 70, the highest being 84, and the lowest 59.
889,200 41,800 1,024,COO
932,100 73,000
49,500
Madison, Florida.—It has rained on one day of the week,
Total
the rainfall reaching ninety-two hundredths of an inch.
The
Tins last statement affords a very interesting comparison of
thermometer has averaged 77, ranging from 61 to 98.
the total movement for the three years at all India ports.
Macon, Georgia.—We have had showers on two days of the
Alexandria Receipts and Shipments.—Through arrange¬
week, which did good. Weather seasonable. The thermom¬
we have made with Messrs. Davies, Bennchi & Co., of
ments
eter has ranged from 58 to 86, averging 73.
Liverpool
and Alexandria, we now receive a weekly cable of
Columbus, Georgia.—It has rained on one day of the week,
the rainfall reaching fifty-eight hundredths of an inch. Aver¬ the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
age thermometer 73, highest 84, lowest 65.
Savannah, Georgia..—It has rained on two days, and the corresponding week of the previous two years.
remainder of the week has been pleasant, but closes quite cool.
Alexandria, Egypt, '
1882-83.
1881-82.
1883-84.
The rainfall reached forty-three hundredths of an inch.
The
May 7.
thermometer has averaged 76, the highest being 87 and the
r
Receipts (cantars*)—
lowest 66.
Augusta, Georgia.—We had light rain on three days during
the early part of the week, but the latter portion has been clear
and pleasant. The rainfall reached ninety-one hundredths of
an inch.
The weather has been favorable to the coming crop.
Planting is almost completed in this vicinity. Much of the
plant is up and the stand is generally good. Prospects for a
top crop are very favorable. Acreage about same as last
season.
The thermometer has ’averaged 73, ranging from 60
This week....
Since Sept. 1
of the week,
the rainfall reaching thirty-eight hundredths of an inch.
The thermometer has ranged from 58 to 82, averaging 70.
Charleston, South Carolina.—It has rained on one day of
the week, the rainfall reaching ten hundredths of an inch.
Average thermometer 75, highest 84 and lowest 69.
Columbia. South Carolina.—Telegram not received.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
May 8, 1884, and May 10, 1883.
Exports (bales)—
To
.Below high-water mark
.Above low-water mark.
.Above low-water mark.
.Above low-water mark.
.Above low-water mark.
New Orleans
Memphis
NashVille
Shreveport
Vicksburg
New Orleans
1
29
9
29
45
Inch.
7
4
10
7
9
Feet.
1
29
G
18
41
Liverpool
To Continent
Total
4,000
2,819.720
Europe
8
9
reported below high-water mark of 1871 until
Sept. 9, 1874, w.ien the zero of gauge was changed to highwater mark of April 15 and 16, 1874, which is 6-10ths of a foot
above 1871, or 16 feet above low-water mark at that point.
India Cotton Movement from all Ports. — We have
This
week.
Since
Sept. 1.
Since
Sept. 1.
1,000 242,000
6,000 128,000
1,000 226,000
1,000 81,000
500 236,200
2,500 169.371
7,000 370,000
2.000 307,000
3,000 405,571
A cantar is 98 lbs.
receipts for the week ending
May 7 were 3,000 cantars and the shipments to all Europe
7,000 bales.
Manchester Market.—Our report received from Manchester
to-night states that the market is flat at the decline. We
give the prices of to-day below, and leave previous weeks’
prices for comparison.
1883.
1884.
32* Oi
Iwi8
?■
8H lbs.
CotVn
Mid.
Shirtings.
TJplis
Inch.
3
5
9
This
week.
Since
Sept. 1.
This statement shows that the
May 8, '84. May 10, 's3.
Feet.
3,000
2,240,000
This
week.
to 85.
Atlanta, Georgia.—It has rained on one day
3,000
2,627,000
d.
d.
Mch. 7 18 a fb 9
14 S1^ ft 9
“
“
21 8»i
2* 8^8
®
s.
d.
5
5
6qja>7
9t6|5
9V5
Apr. 4 83t ® 9U5
“11
35i«5
IS 87* fb 93s 5
“
25 S7s fb 93s 5
May 2 334 a 9/1 5
9 Sc8 ft 9]b 5
“
“
K.
d.
d
32*
Shirtings.
Iwist.
d.
d.
s.
7
ftl
2^
2is
7
®7
2*2
83s ® 914 D
57s
914 5
83q
57«
51516 83s ft 914 5
312
6
ei8
10Lj®7
4
4~L>
5
5*2
5*2
63)6
GI3
3
6'he
7^®7
9 437
11 fb7
11^3 a>7
l(M.2a7
8h?3>7
6:’*i6
6I4
Colin
Mid.
8H lbs.
Cop.
d.
10
9
9
9
9
83g ft 9M 5
8?if 7b 914 5
8*13® Ok 5 9
8*2 ft 914 5 9
8^ fb 93s 5 9
S9ig Cb 91ci5 10
85s fb 9*2 5 10
8.
@7
ft7
®7
ft 7
ft!
fb7
ft7
®7
fb7
fb7
JJples
d.
d.
3
3
3
5®i«
Iks
112
113
59ia
3
3
5®8
5°8
4i*
4Lj
513i«
New York Cotton Exchange.—Five applications for mem¬
to make our reports more
detailed and at the same time more accurate. We had found bership are to be voted on next Monday, the 12th inst., and
it impossible to keep out of our figures, as cabled to us for the three new applications for seats are posted on the board. Thus
it will be apparent that the Exchange continues to grow agliin
ports other than Bombay, cargoes which proved only to be
shipments from one India port to another. The plan now in popularity. However, it is well to remember that for a
followed relieves us from the danger of this inaccuracy and length of time the Stock Exchange was the only rival in offer¬
keeps the totals correct. We first give the Bombay statement ing the opportunity for dealings in futures. Lately very many
additional Exchanges have entered upon that business and
for the week and year, bringing the figures down to May 8.
have drawn away many customers from the Cotton Exchange,
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
partly because most of them offer greater advantages. It 13
Receipts.
Shipment« since Jan. 1..
Shipments this week.
believed
that the anticipated calls of print cloths will impart
This
Since
Conti¬
Great
Tear Great Conti¬
Total.
Total. Britain
Week.
Jan. L.
nent.
BriVn. nent.
more life to the latter, but there exists one obstacle to enlarged
774,000 73,000 1,031.030 dealings, the removal of which is considered very desirable,
188421,OOO 24,000 45,000 320,000 4 5 5,000
811.000 78.000 1.135 Out
1883126.000 47.000 73,000 2S0.000 53 L.000
and that is the uncertainty as to the result of re-classifying
1882'13.000 23.000 36,0o0 531.000 353.000 861.000 72.000 1 138/0*
500 OOO 49 OOo
742,000
1881 ■lo.ooo 22.000 33.000 175.000 325 OOO
cotton received on contracts.
It is well known that the losses
re-arranged
our
India service
so as
According to the foregoing, Bombay appears to show a incurred thereby prevent no
decrease
compared with last year in the week's receipts of
<5,000 bales, and a decrease in shipments of 28,000 bales, and
the shipments since'January 1 show a decrease of 37,000 bales.
The movement at Calcutta, Madras and other India ports for
the last
reported week and since the 1st of January, for two
“ Other ports” cover Ceylon, Tutiyears, has been as follows.
corin, Kurrachee and Coconada.
inconsiderable portion of
Wall
operating in cotton. Those speculators now pre¬
fer other Exchanges,where they are not exposed to such risks,
and where fluctuations are larger, as well as more frequent.
Certificates respecting the grades of cotton delivered on con¬
tracts, to pass from hand to hand, would remove one of the
obstacles which at present stand in the way of more extensive
transacti ms.
The unpopular commission law is another
Street from
”
Impediment. Without some changes in the rules, it is con¬
sidered doubtful whether the growing competition of the
Petroleum, Coffee and other Exchanges can be met; and the
vPh is often expressed that they may be amended so as to be
more in accordance with the spirit of the times.
The Cotton Crop in the Memphis District.—Messrs,
gill, Fontaine & Co'., Memphis, issued to-day (9th) tlieir first
report for the season 1884-85 on the cotton crop in the
Memphis district, which embraces West Tennessee, North
Mississippi, North Arkansas and North Alabama. The report
The Exports
op
Cotton from New York this week show
ExrORTS
OF COTTON (BALES) FROM
April
gays:
however,
will He a decreased acreage planted in cotton in tliis district
cent as compared with last year. The acreage iu
shows an increase iu the area planted of 2*4 per cent.
is h per
Liverpool
hiding-
The
Total
•
April j -Ifay
24.
3,142
Other British porta
corn,
weather has been moist and unfavorable for planting purposes, nearly
all of our 298 coi respondents reporting too much rain and cool weather.
The average date for planting cotton in this district is from April 20 to
27, yet up to May 1 ouc-half of the land that is to be planted in cotton
had not been so used, and as the weather has continued unfavorable to
date for planting, the farming interests throughout the district are there¬
fore fullyThree weeks late.
With fair weather irom now on, however,
planting will be i ushed with vigor and the backwardness of the season
cannot be taken as unfavorable for a good yield. Out of an aggregate
of 298 responses regarding acreage, 02 report an increase in the acreage
planted iu cotton as compared with last year, 70 report a decrease in the
acreage and 100 report about the same acreage. The average decrease
NEW YORK SINCE SEPT. 1. 1883.
Week
Exported to—
17.
“There
of Lj per
an
increase, as compared with last week, the total reaching 3,811
bales, against 2,198 bales last week. Below we give our usual
table, showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and directions since September 1, 1883, and in the last column:
the total for the same period of the previous
year.
3,329
1,070
500
Great Britain
Sept. 1.
year.
3,515 304,879 422,237
19,248
3,77(5
3,515 321,127 426,013
3,329
1,070
393
1,023
109
Total French.
393
46
29,871
27,030
100
Bremen
320
Hamburg
.
,
....
1,028
300
...»
109
46
29,871
27,130
119
250
21.577
2! ,‘288
52,375
29,07(>
i)3,3i)0
54,487
...
Other ports
250
50
30 0
Total
570
350
419
cent.
prevTus
S.
period
600
3,642
to
Bay
I.
Havre
Other French ports
to
Same
Total
since
North. Europe
“Weather—284 report weather less favorable than last year and 14
report weather about the same as last year.
“Labor-272 report labor good and 20 report labor not so good as last
Spain. Op’rto, Gibraltar,&c
year.”
Total
250
76,215 135,933
All other
,
Spain, &o
j
i
Jute Butts,
2.967
3,297
2,532
5,910
5,499
9,207
1
Bagging, &c.—The market for bagging has Grand Total
4,605 4,707 2,193 3,811 [435,712 598,288
shown but little change for the past week and trade is rather
The Following are tiie Gross Receipts op Cotton at
quiet. There is nothing doing in a large way, few inquiries New York, Boston,
Philadelphia and Baltimore for the past
being reported, and orders continue to be for the present wants week, and since September 1, 1SS3.
of consumers. Prices are steady and dealers are naming 9}^c.
New York.
Boston.
PniLADELPn’A
Baltimore.
for 1*2 lbs., 10c* for l-q lbs., lO'/qe. for 2 lbs. and 1 lfoC, for
Receipts
This
Since
This I Since
This
Since
standard grades, but a round lot could be had at a shade less.
'This
Since
from—
week.
Sept. 1. week. Sept. 1. j week. Sept. 1. week. Sept. 1.
Butts have been in better demand for bagging qualities, and
New Orleans.
1.732
1,729
212,718
L732
prices are father firmer. There has been considerable done in Texas
2,459 20-1.445
2,130
contracts, and holders are showing more confidence and are Savannah.
802
713
170
153,031
02,233
13,328
58,117
asking 2 IB-1 (>(//)dc. at the close for prime goods, while ordinary Mobile
10,817;
are quoted at 2 7-1 (>(g 2%c. Paper grades are in
i
steady demand Florida
0,100
j
for jobbing wants and a firmer tone is to be reported, with So. Carolina..
513
C9
109,000
101
14,103;
15,175
sellers asking 2 5-16(d 2;JgC.
No. Caro.ina..
42r
|
38
24.9S7
j
29.S0Q|
ISO
101
473
221,740
60,*'40!
1,330
30,279
83,239
Comparative Port Receipts and Daily Crop Movement. Virginia
......
.
••••••
..
.
•
•
•
•
•
.
—A
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.
Nortli’n ports
Tennessee,&c
Foreign
4
2,205
2,821
91,899!
811
105,980
5,835
4,042
170,722'
1
100
j
!
3,442
12
40,819,
2,299
....'..I
|
20,(82
This year...
7,083 1,051,580
j
9,409
404,350
3,981
101,893
3,938
207,012
Last ye-ir..
18.729 i 1,207,4 T4;
12,452
474,590:
2,380!
157,557
5,050
288,171
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
32,572 bales.
So far as the Southern ports are concerned, these
the same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday
are
Tear
Monthly
Receipts.
1883
Bept’mb’r
343,812
October.. 1,040,092
Hovemb’r 1,030,330
Decemb’r 1,059,053
January
487,729
February. 385,933
March...
241,514
April....
111,755
.
Beginning September 1.
1882.
326,650
930,584
1,094,697
1,112,536
752,827
595,598
482,772
23 4,519
1831.
1880.
429,777
453,478
853,195
963,318
974,043 1,006,501
996,807 1,020,802
487,727
571,701
291,992
572,728
257,099
476,532
147,595
284,2 40
1879.
333,643
888,492
942,272
956,461
647,140
447,918
261,913
158,025
1878.
283,848
689,264
779,237
893,664
618,727
566,824
303,955
167,459
Totalyear 4,700,373 5,630,1S9 4,433,235 Dj3o9,3o() 4,638 867 4,307,078
Perc’tage of tot. port
receipt,^ April 30..
93*53
94*02
9123
92-74
90-86
This statement shows that up to April 30 the
receipts at the
ports this year were 923,310 bales less than in 1832-83, and
268,638 bales
more
than at the
to the above totals to
Apr. 80 the
we shall be able to reach an exact
for the different
years.
1883-81.
time in 1831-82.
By adding
daily receipts since that time,
comparison of the movement
same
2
“
3....
“
4...,
“
“
“
“
“
...
1882-83.
1881-32.
3,844
5,531
6,013
1,548
7,36 .
10,953
7,434
8.
5....
6....
3,384
2,0 >2
7...,
1,257
8,237
8...
•»....
1,995
4,4S1
9,3 J8
8,156
Total
Percentage
S.
18S0-81. ! 1870-80.
-
94-50
handel, 750
To Barcelona, per barks America, 1,700
Augelita, 1,400.
Savannah—To Liverpool, per bark Boroma, 1,093
Baltfmork—To Liverpool, per steamers Alicia, 456—Nova
Scotian, 819... Nubian, 476
Bremen, per steamers Braunschweig, 1,377
stauffen, 1,193
Numbers, 588
Wescr, 922
Boston—To Liverpool, per steatners Catalonia, 100
To
S.
4,854
4,854
4,oi;
4,282
3,936
9,482
3,759
8.
5,102
8.
5,314
10,382
94-93
92-lt
4.366
8.
2,720
2,439
2,621
93 35
97-50
port receipts wliich had been received
the years named,
our
3,161
19
usual
follows:
:
3,515
46
250
5,914
3,674
4,681
,
1,093
1,093
5,816
4,085
1,731
E303
1,303
3,161
San Francisco
Total.
3,811
17,369
3,100
3,161
......
19
19
Total
16,736
3,720
3,100
9,016
7
Below we add the clearances this w*eek of vessels
cotton from United States ports, bringing our data
the latest dates:
32,572
*)
'
6,798
6,174
1,303
Literpool. Havre. Bremen. Barcelona.
4,696
1,093
32,572
are as
4,633
4,681
3,100
4,085
particulars of these shipments, arranged in
7,317
3,916
2,575
5,914
3,674
Kansas,
Total,....
Philadelphia
S.
46
250
1,731
British Prince, 2,142
....Illinois, 1.019
:
San Francisco—Tc Liverpool, per ship Prince Oscar, 19(foreign)
2,455
3,235
3,391
3,515
llohen-
060
Venetian, 537
Philadelphia—To Liverpool, per steamers
4,642
8.
the month in 1882. We add to the table
rJ^P^oentages
of total
May 9 in each of
w
To Havre, per steamer Canada, 40
To Bremen, per steamers Elbe, 100
Rhein, 150
New Orleans—To Liverpool, per steamers Haytien, 3,904=
West Indian, 1,950
To Havre, per steamer Bordeaux-, 3,074
To Bremen, per steamer Blagdon, 3,925
per bark Frei-
6,454
5,359,356 4,633,867 4,307,978
This statement shows that the
receipts since Sept. 1 up to
to-night are now 964,889 bales less than they were to the same
day of the month in 1883 and 248,100 bales more than they were
jo the same day of
518
Humboldt, 802
New York
New Orleans
Savannah
Baltimore
Boston
11,032
7,491
Liverpool, per steamers Austral, 051... .Both¬
Celtic, 25
City of Richmond, 1,429.....
1878-79.
of total
May 9.
nia,
form,
1,723,976 5,093,865 4,480,870 5,413,939 4,668,394 4,336,033
Port rec’pts
Total bales.
New York—To
The
Tot.Ap.30 4,700,8 i 3 5,630.139 4,433,235
May 1....
6,634
2,60L
5,234
“
night of this week.
carrying
down to
New Orleans—For Liverpool—May 2—Steamers Andean, 3G7; Legisla¬
tor, 2,130
May 6—^Steamer Jamaican, 1,401
May 7—Steamer
Architect, 1,100.
For Havre—May 7—Bark Iliperian, 2,168.
Charleston—For Reval—May 3—Bark Johannes Fops,
Boston—For Liverpool—May 2—Steamer Marathon,
Steamer
1,332.
100—May 5—
Borderer, 7fe3.
Philadelphia—For
Liverpool—May 2—Steamer Lord Clive, 957.
give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.:
Below
we
Marseille. (Fr.), Ruellan, from New Orleans
at Bermuda May 1 to sail on the 3d.
Cotton
for Havre, &c., remainetj.
freights the past week have been
as
follows;
the transactions in flour have fallen off
materially, and the firmness of the fore part of the week has
given place to some depression.
To-day the market was
quiet, but about steady.
Wheat has been less active on speculation and in the main
the wheat market,
Fri.
Thurs.
Wednes
Tuts.
Mon.
Satur.
Liverpool, steam d. 664'®332* 5f4®332* 5e4'2)332* 664'®332* 6e4®332* 5€4®332*
sail...ef.
Havre, steam—c.
Do
Do
fvoi. xxxvm.
THE CHRONICLE
578
sail
....
....
....
•••
•
38*
c.
....
....
....
....
38-
30*
....
....
38*
38
..
3q*
38
quiet for export. On one day nearly 200,000 bushels
sold, largely for export; but most of the wheat was taken
510*
5164
5ieir
5ie*
5lbA
510*
Hamburg, steam. c.
by steamship companies, partly on speculation, but chiefly
Do
sail...c.
3a
1332*
for the purpose of providing freight where it otherwise might
1332*
1332*
1S32*
1332*
Amst'd’m, steam.c.
have been lacking.
Do
sail.-.e.
Prices have fluctuated rapidly and within
732
732*
732*
732*
732*
732*
Reval, steam
c
wide limits, especially for June and July, the months which
Do
sail
c.
show
the greatest manipulation. Several strong operators have
V
V
V
%
V ’
V
Barcelona,steara.c.
these
two options apparently pretty well under control, and
7m*
716V
71G*
710*
716*
71G*
Genoa, steam....c.
7iG*
7ig*
7ig*
claim that they have within a month or more been largely
716*
716*
71G*
Trieste, steam ...c.
b1b*
5lh*
516*
5ie*
616*
oversold.
The design is, it is understood, to corner June even
Antwerp, steam..c.
Compressed.
more completely than has yet been done.
The shorts have
Liverpool.—By cable from Liverpool, we have the following purchased but moderately, however, for some days past.
statement of the week’s sales, stocks, &c\, at that port.
We They claim that the statistics as to the visible are deceptive;
add previous weeks for comparison.
that wheat has been withdrawn from Western elevators with
May 9
a view of creating.a false impression as to the real magnitudeof
Mai/ 2
April 18 April 25
the supply. That the quantity of wheat available in this country
50.06’0
51.001
52.0: 0
53.006
Sales of the week
bales.
5.200
7,460
6.50'
11,100
Of which exporters took
is more than ample, is, of course, a fact generally recognized.
2.4 0
1,6 .i.Ur 00
3,500
Of which speculators took..
4 i.OfcO
40,001
The
weather at the West has improved of late, and the indi¬
35.001
31,006
Sales American
17.000
13,006
1,203
1,1 KK
Actual export
cations
seem to point to a bountiful yield this year.
To-day
14 900
1 3 400
13,700
11,000
Forwarded
1,041.000
1.063,000
1,040.00‘
1,054,00<
the market was irregular; cash advanced l-i to %c.; options
Total stock -Estimated
757,00(
752,000
790,000
785,000
Of which American—Eetim'o
58,00(
79,000 declined % to ic., but afterward showed some recovery.
60.OIK
75.000
Total import of the w eek......
2i >,00:
49,000
39,001
42,00(
Of whfen American
No. 2 red sold at $1
08% for May, $1 10@$1 10% for
21 2,000
165,000
214,001
235.006
Amount afloat.
44,000
84,00<
83,000
110,060
June, $1 08l4@$l 09 for July and $1 06% for August. The
Of which American
The tone of the Liverpool market for spots and futures each general course of the market during the week lias been up¬
day of the week ending May 9. and the daily closing prices ward. No. 2 red closed at $1 10%'in elevator, $1 08% for
of spot cotton, have been as follows:
May, $1 10 for June, $1 08;% for July and $1 06% for August.
These prices are %c. to 2c. higher than those of a week ago,
Frida
Saturday Monday. Tuesday. Wednes. Thursday
Spot.
July and August showing the greatest advance.
Steady
Quiet
Steady
Firm.
Indian corn has been quiet both for export and on specula¬
and
but
Market, (
and
Quiet
Steady.
12:30p.m. $
steady.
improving
improving
tion, but it has nevertheless followed wheat upward. The
6*8
6*8
G3ig
6*8
6X8
6is
Mid Upl’de
Chicago market has moreover been very strong at times, and
6k
6k
6k
65IG
6k
6k
Mid.Orl’ns
this fact has been reflected in the tone of the market here.
10,000
12.000
12,000
8,000
8,000
8,000
Sales
There is really no alteration in the general position of this
2,060
2.000
2,000
1,000
1,000
2,000
Spec.* exp.
cereal, and the market is without features of special interest.
futures.
To-day
there was a moderate trade at an advance of % to 1c..
Dull
Quiet
cash corn showing the most firmness. No. 2 mixed closed at
Market, {
but
and
Quiet.
Firm.
Dull.
Quieter.
12:30p.m. J
inactive.
steady.
64%c. in elevator, 65c. for May, 65%'c. for June, 66%c. for July
Quiet
and 67%c. for August, showing an advance of 3 to 4c. during
Barely
Barely
Market, \
but
Easy.
Quiet.
Steady.
Bremen, steam, .c.
Do
sail
c.
....
....
....
...
....
....
....
very
—
were
....
....
....
....
....
....
....
....
....
....
....
....
...
....
....
....
....
■
.
•*
....
,
5
P. M.
steady.
\
steady.
steady.
the week.
opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
The
otherwise stated.
f5&*Theprices arc given in pence and GUhs, thus:
and 6 03 means 6 3-64d.
May
May-June
5 62 means 5 62-64d.,
Mon., May s.
Open High Low. Clos.
Open High Low. Clos.
June-July..
July-Aug...
Aug.-Sept.
September..
8ept.-0ct...
Open High Low. Clos.
d.
d.
d.
d.
d.
d.
d..
d.
d.
d.
d.
6 08
0 08
0C3
6 08
0 10
6 11
0 10
6 11
0 10
6 10
6 10
0 10
6 08
0 09
6 0S
0 03
0 08
6 11
0 08
6 11
0 10
0 10
0 10
0 10
6 14
0 14
013
0 13
6 12
0 13
0 12
0 15
0 14
0 14
6 14
6 14
0 18
0 18
6 17
0 17
0 17
6 20
6 17
6 20
019
0 19
6 18
0 18
0 23
6 23
6 23
0 22'
6 22
0 24
0 25
0 24
0 25
0 20
0 20
6 19
0 19
0 10
0 10
6 10
0 10
0 16
0 00
0 00
0 06
0 23
0 23
0 21
d 21
0 22
6 23
0 22
0 24
0 24
0 24
6 21
6 25
0 25
0 25
6 25
0 19
0 19
6 19
6 19
0 19
6 201 6 18
6 20
Oct.-Nov.... 0 10
0 10
0 09
6 09
0 10
0 11
0 10
6 11
0 04
0 04
0 01
0(4
0 00
0 06
6 06
6
Nov.-Dec..
FLOUR.
Tues., May 6.
Sat., May 3.
.
Dec.-Ian....
....
....
Jan.-Feb—
....
....
Feb.-March.
....
....
....
•
.
....
....
....
....
....
.
....
....
•
•
!
|
Of
•
•
•
•
....
.
•
•
;
d
...
•
I
....
....
..
...
....
1
•
.
•
....
...
■’*'
Thurs., May S.
FrI., May ft.
Open High Low. Clos.
Open High Low. Clos.
Open High Low. Clos.
d.
d.
d.
d.
d.
d.
d.'
1
d.
d.
d.
d.
0 10
0 10
0 10
0 10
6 13
6 13
0 13
6 13
j
0 14
6 14
0 14
6 14
May-June.. 0 09
6 10
0 09
0 10
6 11
013
6 11
0 13
j
0 15
0 15
0 14
6 14
June-July.. 013
0 14
0 13
0 14
6 15
6 10
0 15
0 16 j
0 18
0 18
0 10
0 10
j
6 22
0 23
021
021
6 20
6 20
0 25
6 25
6 29
0 29
6 27
6 27
0 23
0 23
6 ?2
0 22
0 12
0 12
6 11
6 11
0 08
0 08
6 08
0 08
May
017
0 19
0 17
0 18
0 19
0 21
0 19
6 21
Aug.-Sept.. 021
0 23
0 21
0 23
0 24
625
0 24
6 25
September..
Sept.-Oct...
0 24
0 25
0 24
0 25
6 27
0 27
0 27
6 27
6 18
0 10
0 IS
6 19
6 21
6 21
0 21
0 21
Oct.-Nov...
0 10
0 11
0 10
0 11
6 11
0 12
0 11
0 11
Nov.-Dee...
000
0C0
0 00
0 00
0 07
0 07
6 07
0 07
July-Aug...
Dec.-Jan....
....
....
....
Jan.-Feb
....
M(.
....
.
....
....
...
....
...
Feb.-March.
;
....
•
•
•
.
•
•
•
•
...
•
....
....
•
•
•
.
....
•
•
«
....
I
j
1
i
...
•
.
•
.
....
•
«
•
....
....
•
....
....
....
....
No. 2 spring...$
No. 2 winter
Superfine
Spring wheat extras..
Minn, clear
....
and stra’t
Winter shipp’g extras.
Winter
clear
and
straight
Patents, spring
Flour at
one
time sold to
a very
May 0, 1884.
fair extent, both for export
and prices were firm, especially
for fresh-milled, low grades and some of the better brands of
patents and straights. But latterly, with less excitement in
and for home consumption,
4 60® 6 25
skip’g extras.3 75 3 5 50
Rye flour, superfine.. 3 40® 3 75
Soutli’n
Corn meal4 25®
5 50®
3 00 2> 3 30
Westem, »feo
6 00
0 75
Brandywine, <feo.... 3 35 3 3
CornWestern Yellow
y
®
Spring,per bush.
Spring No. 2
Red winter, No. 2
0U<23....
1P3
84
®1 03
Red winter
White
White No. 1
....71....
59
®....
®
65
641a®
65
66
65
45
®
®
®
66
73
70
72
® 70
® 72
75-4? 77
70
Rye—Western
State <k Canada
Oats—Mixed
.-36 ®
White...
®
No. 2 mixed
38 k®
No. 2 white
42-4®
Rarlev— No. 1 Canada. 92
No. 2 Canada
89 ®
State, two-rowed
State, six-rowed
10
47
39
43
90
®—
® S2
80
The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the compara¬
tive movement for the week ending May 3 and since Aug.
for each of the last three years r
New
1
‘
j
Receipts at—
Flour.
Wheat..
Corn.
Oats.
Barley■
Bbls.imbs Bush.Q0 lbs Bush.5ftlbs Bush.32lbs BushAS lbs
40,100,
801,557
451,288
44,007
52,489
Chicago
43,705
60,082
24,480
143,255
68,771
Milwaukee..
6,000
20,930
40,704
1,076
Toledo
16,703
30,000
12,951
42,991
2.923
Detroit
451,827
892,121
1,403,900
702,051
1,320,947
2,252,195
1,211,497
105,719
19S.S30
OSS,200
177.519
103,839
47,580
90,405,943
72,707,309
49,950.455
40,206.773
29,270,278
16.187.011
14.473,467
JM3OS,730
19,120
93,541
SOO
20,150
31,420
Tot. wk. ’84
149,199
Same wk. ’83
157,396
Same wk. ’82
148,288
512,798
1883
7,193,102
61.371,923
1883
7.536.S09
00,368,770
.30.043.043
r
SinceAug.l—
1881....
17,219
24.032
17,900
29,075
95,522
6.200.145
20.833
10.530
381,070
35,759
..
Rye.
17,823
208,015
150,030
4,020
Cleveland.
St. Louis
Duluth
,
bakers' and
family brands
Waeat—
Peoria
Friday, P. M
Southern
OR VTN.
—
BREADSTUFFS.
winter.... $5 40® 6 50
City shipping extras. 5 25® 5 30
Patents,
3 05
2 50® 3 05
2 90-® 34 55
50
3 25®
4 25 ® 5 75
3 55 ® 3 75
bbl. $2 35®
Corn—West, mixed
West. mix. No. 2.
White Southern..
Yellow Southern.
Western white...
.
Wednes., May 7.
d.
Rye and barley have latterly sold rather more freely at some
Oats have been quiet all the week, but prices have
risen several cents in response to the advance in other cereals,
To-day the market was a fraction higher but still quiet. No.
2 mixed closed at 38%c. for May, 39%c. for June and 40c.
for July, showing an advance for the week of 2c.
The following are closing quotations:
advance.
89.312.550
11.421.242
2,677
53,899
SAVJV*
The exports
ending May
.Exports
from-
THE CHRONICLE.
1884.J
JUT 10.
from the several seaboard ports for the week
are shown in the annexed statement:
3, 1884.
Flour.
New York
Boston...
Portland.
Wheat.
Com.
Oats.
Bush.
Bbls.
Bush.
Bush.
71,701
63,19.
583,077
128.033
22 7.961
8,180
1,029
7,542
64,728
Peas.
Bye.
Bush.
139,675
Bush
767
4,500
679
Domestic Cotton Goods.—The exports of ^domestics for
the week
4,431 packages, including 2.820 to China, 450
Colombia, 420 to Brazil, 242 to Great
Britain, 116 to Venezuela, 100 to Uruguay, &c. The demand
for cotton goods at first Hands was
quite moderate, and almost
wholly of a hand-to-mouth character, while the jobbing trade
were
United States of
to
of limited
proportions. Many of the New England mills
running on short time, and others are about
268,992
45.5
adopting
this
course
in order to restore the equilibrium
267,182
N.Orl’ns.
between supply and demand.
In view of this fact, holders of
159,958 1,087,572
740,969
65,183
139,675
’5,267
fotal w’k.
the best makes of plain and colored cottons have shown no
8>Die time
136.544
797.789 1.222.589
558
162,188
l«o.3.
15.703
disposition to shade prices, notwithstanding the prevailing
The destination of these exports is as below.
We add the quiet, and the tone of the market is
steady. Print cloths were
orresponding period of last yrear for comparison:
in moderate demand and firm as the week closed at
3}.2C. for
Flour.
64x64s and 3c. for 56x60s.
Wheat.
Corn.
Prints, ginghams, lawns and
other wash dress fabrics ruled quiet, but
Exports
fairly steady in price.
1884
1883.
1881.
1883.
1884.
1883.
for week,
Week,
Domestic Woolen
Goods.—The demand for clothing
Week.
Week.
Week
Week
to—
Week,
Moy 3.
May 5.
May 3.
May 5.
May 3.
May 5
woolens was light and irregular, but there was a fair move¬
Bbls
Bbls.
Bush.
Bush.
Bush.
Bush.
ment in heavy cassimeres, worsteds and overcoatings
on
105.689
453 345
95.150
680,424
413,205 1,083,346
Uu.King.
2.251
285 446
344,444
2,768
407,148
Spring woolens were taken in
Coutin’nt
117,167 account of back orders.
20.058
14,620
35,732
a.&C.Am
17,427 moderate
parcels by cloth and dry goods jobbers, but at
19.514
6.423
1.72o
W. Indies
8,596
12
615
14
18s
163
Brit. Col’s
2,725
prices which left a slim margin of profit to manufacturers.
31
204
Oth.o’ut’s
1,222
Kentucky jeans were less active in first hands, owing to the
J
?9.958
Total ..'
136.v i l 1,087,572
797 7*9
740,969 1,222,589
exhaustion of many stocks by the brisk trade that has lately
By adding this week’s movement to our previous totals we been done in these gcods. Satinets continued in fair demand,
have the following statement of exports since September 1,
and a moderate business was done in ladies’ cloths, cloakings,
this season and last season:
tricots, Jersey cloths and light-weight, stockinettes. Flannels
Flour.
Wheat..
Corn.
were lightly dealt in (except popular
makes of white flannels,
1883-84.
1882-83.
1882-83.
1883-84
1883-84.
txports since
1882-83
in which a fair business was reported), and blankets were
Sept. 1, to— Sept. 1 to
Sept. 1 to
Sept. 1 to
Sept. 1 to
Sept. 1 to
Sept. 11
Mai/ 3May 5.
Man 5.
Mai, 3.
May 3.
Man 5.
generally quiet. Some additional orders were placed for allwuol and cotton-warp cashmeres, beiges, etc., for the fali
Rush.
Bhh.
Rush.
Bush.
Bush.
4.742.583 18,817.950 30.454.751 19.18S.092 22,595.890
3,524 783
On. Kingdom
trade, but seasonable worsted and all- wool dress goo Is were
204.740
387.928 12,133.790 23.500.124
Continent...
0,075 040
4,196.632
mostly quiet, and dealings in shawls, carpets, hosiery and
104.930
480.900
497.0T4
1.305.280
274 165
a.AC. Am...
1.223
Montreal,
pbiladel..
Baltim’re
10.592
12,081
1.363
66.160
271,414
was
have commenced
<•
West Indies.
586,049
034.951
37,385
58,550
292 431
285,233
Brit. Col’mes
398.002
392.107
8 010
7.8'JO
110.560
78.5)03
Oth. oountr’s
23 481
31.422
17.567
203 200
110.935
107.415
Tntn>
5 278.081
♦5 (ISO 725
31 (9*0 931
54 33' ,373
27 094.350
27.538 298
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, May 3, 1884, was as
follows:
in store at—
New York
Do afloat (est.).
Wheat,
Corn,
Oats,
Barley,
bush.
hush.
bush.
hush.
2,2: 0.190
48,000
62.000
Do afloat
Milwaukee
Dnluth
Toledo
Detroit
fowego
,73 978
184.9*8
232,153
rail
On lake
2,077
203,192
23,697
333.149
1 6.58 l
43,635
1,168.925
Boston
Toronto
Montreal
Kansas City
Baltimore
Down Mississippi.
12,096
1.153.000
2,750.252
85,221
Indianapolis
801.419
5,7o7,166
358,349
Peoria
8,8 2
112,500
8,882,664
8t. Louie
.‘JlncinDati
Philadelphia....
906*558
36,585
206.017
75.0« '0
o
1,000
45.614
488.111
71,460
80.000
1,879.797
9,122
169,9u2
288.898
i 131*6
3.964
126.108
401.805
12,024
165.204
19.636
84,333
108,141
963,5 41
555,70*6
13 813
88 765
564.644
141,480
7' 0.3 ’.8
955,957
1,432,994
485
92 102
69,878
13.534
2,775
142,176
17,408
77,774
8,258
DRY
139.727
56,398
17,6^7
7.172
26,962
7,639
12,147
473,690
Importations of Dry Goods.
importations of dry goods at this port for the week
ending May 8, 1884, and since January 1, and the same facts
for the corresponding periods of 1883, are as follows:
H
H
o
s
£h
P
.
P
2
—►
P
o:
ft
3
•
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x •
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8:
;
;
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:
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ft
ft
o
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ft tr
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.
:
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a
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P
p
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•
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:
-
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X
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rr
‘
s
=s.wg|5
b: : o“g
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.
63.630
93.857
44,000
GOODS
almost
was
The
1.468,732
1, 27,351
1,78 4.097
1,092.985
co m to it- 4O' — to © to
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TRADE.
May 9, ls84
and unsatisfactory
prevalence of rainy
and unseasonably cool weather.
Wholesale buyers continued
to govern their purchases by actual wants, and retailers bought
sparingly because of the backwardness of the demand for con¬
The unsettled condition of affairs in Wall Street
arising from the failure of the Marine Bank has to some ex¬
tent impeded the restoration of confidence, and confirmed
bnvers in the wisdom of pontinuing a cautious hand-to-mouth
policy for the present. On the other hand, the defeat of the
Morrison Tariff Bill in Congress has imparted more confidence
to holders of merchandise, and toward the close of the week
there was a more hopeful feeling of a better market in the
early future. The feature of the week was an auction sale of
?84 cases plain and fancy white goods of domestic manu¬
facture—the largest offering of the kind ever made in this
market. The sale was a successful one as a whole, all the
goods having been sold and widely distributed at average
prices which fully realized expectations.
Il
l—*
I-1
1-1
£
0: to © i-1
C © r. if- to
m — © © m
4- m «c 0
-1
© CC ©
©7- xi-t©
CO
O'
X CO
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if-
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if*
it- j..
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if-
CO01 —'
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ft.
—'
Value
400,353
The movement in dry goods was light
the past week, owing in a measure to the
The demand for goods adapted to the present
wholly confined to a few specialties, and
transactions were light in the aggregate.
Staple goods are
fairly steady7 in price, hilt concessions can readily he obtained
by close buyers upon such fancy fabrics as cannot safely7 be
carried over until mxi season with a reasonable hope of profit.
P*
34 343
81.930
fr'RiDAY. P. M.,
sumption.
by importers.
season
<r+
38.955
12 398
2.18 -
223,621
May 3.’84. 21,199,290 12,128.123 3,675.659 732.293
810.478
Apr. 26 ’84. 22.464.776 13,601.309 4.030.3:6
May 5,'83. 20.707.2 19 10.168 398 4.667 143 1,020,9u0
May 6. ’32 Is.313.806 8 ^97.941 2.063.033
404,448
May 7.’81. 17,656,L98 11.8 79,9 il 3.190,002 1,091,77.5
THE
156
1.003
subsidence of the
tariff agitation has stimulated tiie order demand for certain
fall fabrics, as dress goods, velvets, seal plushes, &c., and in
this connection a somewhat improved business was reported
I
Buffalo
Ohleasro.
32,021
28.900
26,000
Albany
Tot.
Tot.
Tot.
Tot
Tot.
670.474 1,179,991
Bye,
hush
85.395
81.000
15,509
knit underwear .were limited in amount.
Foreign Dry Goods —The temporary
°°C
%
to
c.
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580
THE CHRONICLE.
[Vol. xxxvni.
Commercial (Cards.
Insurance.
\
Report
of the conoi
« ioOF* THE
of the
Till til) NATIONAL.
HANK
CITY
OF NEW Y(.RK, in the State of New
close ot business, April 24, 1884:
RESOURCES.
Loans and discounts
Overdrafts
t
U. S. bonds to secure circulation
Other sto ss, bond* and motgages
Due from other National banks
Due from Sta e banxsand bankers
Real estate
Current expenses
Exchanges for Clearing House
Bills of other Banks
Fract orial p iper currency, nickels
cents
Specie
York,
at the
SAMUEL BUDD.
$3,594,452 48
Fine Custom Shirts
8,405 01
50,000 00
30',033 47
453.920 27
10.073 17
59,146 05
2 ',159 28
419,287 36
32,025 OC
anu
Over
the
Shirts
are
and
antee
in
Total
70,000 00
50 00
$6,978,207 60
assertion
that
war¬
SAMUEL
Surplus fund
Undivided profits
individual d- posits subject to check
Demand certificates of deposit
Certified checks
Broadway & 24th Street, New York.,
Cashier
cheeks outstanding
Due to other National batiks
Due to State banks and bankers
200.000 00
199.753 81
1,669,297 61
1-,531 87
177.898 19
s
40,320 59
3.069,488 32
602,917 21
.
Total
Bliss, Fabyan & Co.,
New York, Boston,
$6,978,207 60
State of New York, County of New York ss :
I, George L. Hutchings, Cashier of the abovenamed
bank, do solemnly swear that the above
statement is true, to the best of my
knowledge and
belter.
GEO. L. HUTCHINGS, Cashier.
'Subscribed and sworn to before me this 2d dav
of
Eugene d elm a it.
May, 1884.
Correct—Attest:
Notary Public, N Y. Co.
PARKER HANDY, /
GEO. I 1IAPMAN,
WM. A. BOOTH.
)
PRINTS,
Bullard & Wheeler,
^Directors.
NEW
BAGGING
Commercial Cards.
Brinckerhoff, Turner
&
COTTON SAIL DUCK
CANVAS,
FELTING
DUCK,
CAR
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, &C., “ON TARIO” SEAMLESS
BAGS. “AWNING STRIPES
L.
IRON
125 La
CHAMBER
OF
GRAIN
ANI>
PROVISIONS,
the Chicago
Joy, Lincoln & Motley,
SUCCESSORS TO
E. R.
MUDGE, SAWYER
& 45 White Street.
NEW YORK.
CO.,
Street,
BOSTON.
AGENTS
O
A
15 Chauncey
Saratoga
Victory Mlg. Co.,
Ilottlery and Yarn Mil*
CARPETS,
OIL CLOTHS.
Offlie
aud
IN
THE
Desired.
TIIEO. H.
271
Sc
BA1I EV
273 Canal
Street, New
CO.,
York.
Near Broadway (through to 81 Howard So)
OFFICE
CARPETS.
HOUSEKEEPERS
AND OCCUPANTS OF OF¬
FICE^ take notice.
Before buying your
Linoleum. Oilcloths, or Mattings, call at BEN carpets,
BALL’S
Misfit Carpet Store, 114 Fulton St„
basement floor.
Cheapest place In New York.
CITY
OF
(ORGANIZED
NEW
YORK,
IN
1850.)
261, 262 & 263 Broadway, New York.
T.
H.
d State of New
a<
City, Bank and
other Stocks.
$8,666 795 00
by Stocks and
1,956 500 00
Company, estimated
at
425. 00 00
Premium Notes and Bills
ceivaole
Re-
1,588,306 79
Cash in Bank
pany’s charter
was so amended in
all the profits shall
THE
335,710 68
...$12,972,312 47
1882 that hereafter
belong to the policy-holders
Tuesday, the Fifth
ou
the outstand¬
of
February next.
OUTSTANDING
the issue of 1879
w
11
CERTIFICATES of
be redeemed and paid to
the holders
tives,
on
thereof, or their legal representa¬
and after Tuesday, the Fifth of Feb
ruary next, from which dateall interest thereon
wrill cease. The certificates to be
produced at
the time of payment and canceled.
A
BROSNAN, President.
Fraleigh, Sec’y. A. Wheelwright, Ass’t Sec
Geo. H. Burford, Actuary.
By an act of the Legislature of this State this Com¬
DIVIDEND OF FORTY
PER
CENT
declared
on
and after
Tuesday, the Sixth of May next.
is
the net earned premiums of the
Company, for the year ending 31st December,
1883, for which certificates w’ill be issued on
ex¬
clusively.
By order of t;
All Policies henceforth issued are
incontestable
for any cause after three years.
Deat h Clai < s paid at once as soon as
J, H.
e
Board,
CHAPMAN, Secretary.
satisfactory
proofs
are received at the Home Office.
Absolute security, combined with the largest liber¬
ality, assures the popularity and success of this Co.
All forms of Tontine Policies issued.
Comparison
of
Business
New Insurance Wr tten
Insurance in force
for
TRUSTEES.
Two Years.
1882.
1883.
$2 800,000 00 $5,231,000 00
16,790.000 00 18,808,000 00
Assets....
<,5,116,814 46 5,268,212 48
Payments to policy-holders
459,679 46
475,923 98
Inciease in new business written in 1883 over
1882,
87 per cent.
GOOD AGENTS, desiring to represent the Com¬
pany. are invited to address J. S. GAFFNEY,
Superintendent of Agencies, at Home Office.
J. D.
THE
MUTUAL
LIFE
INSURANCE CO. OP NEW YORK.
F. S.
WINSTON, President.
ISSUES EVERY DESCRIPTION OF
Jones,
\y. H. H. Moore,
Adolph Lemoyne,
Robt. B. Minturn,.
David Lane,
lordou W. Burnham,
John Elliott,
ORGANIZED APRIL 14. 1842.
Assets,
-
-
Charles H. Marshall,
Raven,
.James G. De F rest,
Charles D. Leverich,
<Vrm. Sturgis,
Benjamin H. Field,
William Bryce,
losiah O. Low,
William E. Dodge,
Thomas B. Coddington,
Horace K. Thurber,
Royal Phelps,
William
C. A. Hand,
John L. Riker,
N. Denton Smith,
William H.
John D. Hewlett,
William H. Webb,
Charles P. Hurdett,
*
$101,148,248 25
Fogg,
Degroot,
George Bliss,
William H. Macy.
JOHN D. JONES,
Companies.
Gray,
Edmund W. Corlies,
Charles H. Russell,
James Low7,
LIFE& END 0 WMENT P OL1C/ES
Rates Lower than other
Horace
Charles Dennis,
\. A.
MATTINGS, LINOLEUM, ETC.
Slilp Furnishing Specially
Company lias the following Assets, viz.:
United States
York Stock.
ing certificates of protits w'ill be paid to the hold¬
ers thereof, or their
legal representatives. on
The United States Life
Insurance Co.
KDK
-rail Mills
Co., Atlantic Cotton Mills,
Peabody Mill*,
Chicopee Mlg. Co..
Ilertou New Mills,
White Mljsr. Co..
The
$850,080 76
E
C. P.
Board of Trade, for cash or futurtdelivery, a specialty.
Special information, indicating course of markets,
freely furnished upon request.
on
penses
and after
COMMERCE;,
THE PURCHASE AND SALE OF
$1,901,042 38
Amount
T I
*
CHICAGO.
same
8IX PER CENT INTEREST
(Established 1865.)
(ADJOINING
during the
OF
r O T T O \
COMMISSION
MERCHANTS,
Salle Street,
$4,260,428 93
otherwise...':
Insurance.
Everingham & Co.,
ber, 1883
Real Estate and Claims due the
STATES BUNTING CO.
supply, all Widths and Colors, always In stock
No. 109 Duane Street.
January, 1883, to 31st Decem¬
Returns of Premiums and Ex¬
TIE*
for the sale of Jute Battgua..
IMPORTERS
Also, Agents
A full
IRON
WARREN, JONES A GRATZ,
ST. LOUIS, Mo.
COTTON
$5,708,185 63
Premiums marked off from 1st
Loans secured
Manufacturers’ Agents
And all kinds of
UNITED
DANE,
BAGGING.
tt
1,539,232 53
period
YORK.
AND
January, 1883
Losses paid
(for baling cotton.)
a gents for the following brands of Jute
Bagging,
“Fugle Mil Is,’’“Brooklyn City, ’’"Georgia, ’’“Carolina,”
“Nevins,
“Union
<>,”
Star.’’
“Salem,”
“Horicon
Mills,”
“
Jersey Mills ” and “ Dover Mills.”
IMPORTERS OF IRON TIES.
Co.,
Manufacturers and Dealers
off 1st
Total Marine Premiums
Drills, Sheetings, dec., for Export Trade.
MAIDEN
following Statement
December, 1883:
DUCKS, Ac.
i’oweis, Hullts, White Goods Sc Hosier?
119
the 31st
1st January, 1883, to 31st De¬
cember, 1883
$4,168,953 10
Premiums on Policies not marked
SHEETINGS,
DENIMS, TICKS,
on
.
SELLING AGENTS FOR LEADING BRANDS
Sc BLEACHED SHIRTINGS
AND
Co.,
Premiums ouMarii e Risks from
Philadelphia,
rfROWN
Insurance
NEW YORK, January 24.
1884.
The Trustees, in
conformity to the Charter of
the Company, submit the
of its affairs
$1,000,000 00
...
Mutual
BUDD,
LIABILITIES.
Capital stock paid in
ATLANTIC
Dress
our
unequaled for style, appear¬
workmanship. We guar¬
all cases a perfect fit.
ance
412 51
751,243 00
65s,00u 00
.
Leval tender noteU. S. ctfs. of deposit for legal tenders..
Due from U. S. Treasurer, other than
5 per cent redemption fund
Specialty
our
Twenty Years’ experience
rants
OFFICE OF THE
President,
CHARLES DENNIS, Vice-President.
W. H. H. MOORE, 2d Vice-President.
A. A.
RAVEN, 3d Vice-President.
@FedFRASER