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AND
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES
YOL
NEW
42
MAY
YORK,
I^luancial.
NO.
1886.
15,
^itiaticial.
^inaujcial.
AMERICAN
DIAMONDS.
YORK.
No.
I'rinters
Co.,
BONDS, POSTAGE & REVENUE STAMPS,
1.ECAL TENDER AND NATIONAL BANK
NOTES of the UNITED STATES; and for
ta the flneat
and most arU>tla •tyle
FUOM STEEL PLATES,
COCSTERraTntCL
SPKCIAI, SAn:filAKl)8 In I'RFVKXT
mtk
bl*«rl»l
pap^n
mannfarlDrtH] exelukivrlj fur
tue of the Cotnpuif.
SAFETY PAPERS.
SAFETY COLORS.
Work
Exc«uted In Fireproof Buildings.
UTHOGRAPHIC ANO TYPE PRINTWO.
KAILWAY TICKETS
«l'
SOLID SILVER.
GORHAM
Broadway and Nineteenth Street,
AND 9 MAIDEN LANE.
Potter,
p.
Pres't.
J.
W. Woek,
raiLHrACKEE,
COLLECTIONS made
at lowest rates.
others solicited.
Cashier.
Maverick National Bank,
BOSTON.
CAPITAL,
8VRPLUS,
•.••.
........
$400,000
400,000
Floyd- J ones
&
Robison,
BANKERS AND BROKERS,
No. 3 Ezcbaiiee Court, Ne^v York.
Stocks,
Wm.
Bonds and
S. Government SecorltleB
Buutfht and Sold on Commission,
William Robison,
Members New York Stock Kxchange.
LI.
C. Fi,oyi)-Jone8,
Andrews, Adams
BzchaDKe and Cable Transfers on the Union
Bank of London.
Bur »nd Sell Stocks and Bonds for Investment or
on Margin.
Correspondence Solicited.
Bembers Neiv York Stock Exehance.
dc
WESTOIV,
BANKERS AND BROKERS,
Ho. 2
EXCHANGE COURT,
Neiv York.
HnniT
C.
Tinker. Member N. Y. Stock Bzoh.
RSNaSKLAKR WKBTON
8TOCK BROKER.
Lansdale Boardman,
HEW YORK, 80 BROADWAY A 5 NBW ST.
TROY,
Co.,
TTIS.
anr part of the conntry
Accounts of Banks. Merchants and
N. Y., No. 17 FIRST STREET.
Stook Bzoh lelmambershlpi prtvata wlr« aU faoUiUea
72
Refer to—
&
H. Taylor
S* HT.
€or« Tblrd
Co.,
and Chestuut
Stii.,
Deposits received subject to check at sight, and
interest allowed on dally balances.
Stocks, Bunds, Slc, bought and sold on commission
and other
cities.
Particular attention if>ven to information regarding
Private wire to
Investment Securities.
New York, Baltimore and other places
Henry
S.
Ives
&
Co.,
BA NEERS,
No. 35
NASSAU
P. O.
ST.,
BOX
Receive deposits subject to check at sight and
allow interest on daily balances.
Government. State, County. City and Railroad
bonds constantly on hand for sale or exchange, and
partlcnlar attention given to the subject of investments for institutions and trust funds.
HiRAH Dkwino. Clark Dewinq. f. T. Bontcco0
(Member of New York Stock Exchange.)
H. Dewing & Son,
BANKERS \\U BROKERI»,
York.
Stocks and Bonds Boutrht and Sold on Commission
Accounts received and Int«re8t allowed on balances
which may be checked for at sltiht.
Iowa Ix>an & Trust Go. 6 p«r oent OetMnturw
booffbt
and
sold.
Co.,
CORnESPONDENTS
W. CLARK & CO., [ PHII^»«I.PaiA.
«„,,.„„ __,
HILL & KENNEDY, (
.
DEVENS
iL
TUCKBKMAN,
BOSTON.
&
A. Kohn
Co.,
BANKERS AND BROKERS,
19 Broad 8t.,N. Y., mills Bulldlns,
Transact a General Banking Business.
Korejgn Exchange, Bonds, Stocks and Mlseell*.
Securities bought and sold on oonunlislon.
aeous Secu
0CH8. MORTTX OOHI,
0a\
JULID8 A. KOHN. OaVTD
Memb. N.Y. Stock Kz
Memb. N. Y. Stock Bxch.
&
Hamilton
Bishop,
BANKERS AND BROKRR8,
No. 86
PINE STREET.
NEW YORK.
(Members New Vorli Stock Exchange.)
Accounts of Banks, Bankers and others received.
Interest allowed on balances. A strictly Commission
Business in the purchase and sale of stocks and bonds.
Private Teleiiraph Wire to Albany. Troy, Syracuse,
Rochester. Utica, Buffalo, Cleveland and Chicago.
Draw on (Mty Bank of London in amounts to suit.
Wood,
31
Transact a general banking business, Incladlng the
purchase and sale of securities listed at the New
York Stock Exchanse, or In the open market.
New
&
Special attention given to Seenrttlea for investment.
NEUT YORK.
1,422.
No. 18 Wall Street,
B. Hollins
"
PHII^ADKLPaiA.
in Phlliidctphlu
New York.
Messrs. B.
J.
L.
Washburn,
& 74 BROADWAY, NEW YORK,
And 246 Clark St., Cblcaeo,
In
and Philadelphia Stock Bzchanges.
Bill* of
TINKER
&
Members N.
Y.
&
No. 6 W^all Street,
"
& Kellogg,
BANKERS AND BROKERS,
T8 & 80 Broadwar, New York.
WA8HBUV
BANKERS AND BROKERS,
BANKERS,
•
C.
Stocks and Bonds Bought and Sold onCommlulon
for cash or on nmrgtn.
Special attention given to Unlisted Securitleib
Deposits received subject to Check at digbt.
Correspondence SollcUed.
Merchants' National Bank and Bank of North Amerlca,NewTork; Merchants' National, ChicaKo; Maverick National, Boston.
AoconnU
of Banks and Bankers sollotted.
CollectionB made upon favorable terms.
Government Bonds boUKfat and sold
LAN8INO
BANKERS AND BROKERS,
H.
Bros.
BANK BBS,
TOURO ROBERTSOtC,
W. M. SMILLIE.
THEO. H. FREELAND, Seci'y and Treat.
TOWNSKND.
J.
Townsend
M't'g Co.,
Houghton
:
GEO. H. HOLT.
L'HDILIBR.
N. V. Stock Exchange.
Jno. p. Townssnd, Special Partner.
IMPKOVEU STTUBb
VICE-PRESIDENTS
A. D. SHEPARD,
Aba
TAINTOR.
Member
MACDONOUGH,
I.
allowed on
Sfcnritles.
O. D.
filKow Csrdis Labels, Culendttrs.
BLANK BOOKS OF EVERY DESCRIPTTOM
ALBERT G. GOODALL, PresidenL
INTBRB8T
GOVERNHBNT, MUNICIPAI. and
Private telegraph wires to Providence and Boston.
CHA8.
ENGRAVING AND PRINTING,
BA>'K NOTES, SUARE CF-UTll'K'ATES, BONDS
roK eOVEKNMENTS AXB COKI'OllATIONS,
URAFTS, CHF.CKS, BILLS OP EXClIANeE,
a
received and
sell
RAILROAD
G. K.
Foreign Covernments.
eTAMPS, Ac,
DKPOSITS
Buy and
182 Broadway, Cor. Jolin Street.
of
New, New York.
OBNBRAL BANKING buslneal.
•Wall St., Cor.
1 1
TRANSACT
balances.
IMPORTERS,
Kcorffunlzcd 1H7&.
Engbaveks and
&
Alfred H. Smith
Bnnlnesii Founded 1795.
iBeorporulf^ uu'Ut Iaw9 cf Slato of New York, 18S8.
Holt,
BANKERS,
78 TO 86 TRINITY PLACE,
NEW
&
Taintor
Bank Note Company,
1,090.
Huestis
PINE STREET,
&
Co.,
NEW YORK,
BANKERS AND BROKERS.
SUCCESSORS TO
^VOOD
&.
DAVIS.
Execute orders In a securities listed at the New
York Stock Exchange. For Sale
FIRST-CI.AS8 KAILRUAU FIRST .MoHTOAOI BONI)*.
QBOHOE C.WOOD. C. H. UUESTlS. L. M. SWAN.
Simons
&
Chew,
STOCK BROKERS,
Jt S'i Broadway, N. T.
Stocks, Bon4i» and United State.t Uovernment
on Commission.
Sold
Socuritios Bought and
BKVEK1.T OBIW.
JA8. D. SIHOMS.
Member N. V. Stock Bxohange.
Member N. Y. Produce Exchange.
3 Exchange Court
R. T. Wilson
&
Co.,
BANKERS AND COMMISSION MERCHANTS
% Kxchamc. Court. New York.
,
;
THE CHRONICLE.
gan^jeiCB uvuX graiujers
WALL
&
Morgan
Drexel,
No. 12 Pine Street,
ISSUE TRAVELERS' CREDITS, available
PARIS.
PBII.ADEL.PHIA
DOMESTIC AND FOREION BANKERS.
Securities
Deposits received subject to Draft.
bouKht and sold on conimisaion. Interest allowed on
Deposits. Foreign Exchange. Commercial Credits.
Circular Letters for Travelers,
Cable Transfers.
available in all parts of the world.
Attorneys and Agents
&
LONDON.
Co.,
dc
SONS
Exchange
ON GREAT BRITAIN AND IRELAND, KRANOB
GERMANY, BELGIUM, HOLLAND. SWITZERLAND, NOIIWAY, DENMARK,
SWEDEN AND AUSTRALIA.
iMue Commercial &. Traveler*' Credits
Available In any part of the world, !n Francs for
ase in Martinique and Guadaloupe, and in dollars for
use in this and adjacent countries.
Telegraphic Transfers of Idoner
and Europe.
Bet^veeii tbls Country
COLLECTIONS OF DKAFTS drawn
MAKE
points in United States and Canada,
abroad on
all
and of drafts drawn
in the United States on
foreign countries
>nd their London house. Messrs. BROWN, SHIPLEY
A CO.. receive accounts of American banlts, firms
and individuals, upon favorable terms.
&
Co.,
J.
33 NASSAV STREET.
BILLS OF EXCHANGE ON
'siniTII, PAYNE dc SraiTH'S,
BANKERS. LONDON
VANCHESTER &
COVNTIT BANK,
"LIMITED,"
BANKERS,
BBOAD STREET
33
dc
ra^
No.
and Zurich.
MADE BT CABLE.
Paris House— mnNROE &. CO.
CBKDITS OPENED ANDPATHXNT8
63
&
IV^II^IilARI STREET, NEUr
CORRESPONDENTS OP THE
S9
Street Railroad Stocks and
Exchange on
Kidder, Peabody
1
&
GOADBY &
WALKER,
JOI T AGENTS,
EXCHANGE PLACE, NEYT YORK
BUT AND SELL STERLING EXCHANGE, CABLE
TRANSFERS, ETC.
IBSDB COMMERCIAL CREDITS' AVAILABLE
IN ALL PARTS OF TUB WORLD.
W. W. Walsb
B.
McGeorge,
BROAD STREET,
Co., INVESTMENT SECURITIES
FOREIGN BANKERS,
Street, New York,
ANI>
COMMERCIAL PAPER,
12d
St.
Manhattanville
Avenue and
113 Devonshire Street, Boston.
&
oilier City
St.
Nicholas
Railway
Securities Dealt in.
TELEPHONE CALL " NEW."
BARING BROS. & CO., London
COniiaERCIAL CREDITS,
727.
Messrs.
Circular Credits for Travelers.
KOVKTZE BROTHERS,
Canadian Bank of Commerce.
18
John
Nassau
SxcDanK&
»2.ioo,ooo.
IN.
Geo. H. Prentiss. W. D. Prentiss.
Member N.Y.Stock Ezcb.
No. 20
sterling loans a specialty.
St. and 63 Greene St., N. Y. Cablb Transfers and Rills of Exchange on
sell on commission, for investment or on
Great Britain and the Continent.
marKin, all securities dealt in at the New York Stock
H.
DEALT
BKH gas QUOTATIONS IN THIS PAPBR.
!
Buy and
J.
BROOKLYN SECURITIES
<& CO.,
44 Wall
Surplus,
B. E.
Bond»
AND ALL KINDS Of
for Banks, Bankers and Railroad
HOTTING UEB.
Members of the New York Stock Exchange
DxaijERS in Foreign exchange, Governmicnt
and other investme.n't bonds.
$6,000,000.
nONTAGCE ST., BROOKLYN.
GAS STOCKS
i
BANKERS ANB BROKERS,
Capital,
ST.
AND
ATTORNEYS AND AGENTS OF
Co.,
BROAD
GAS SECURITIES,
Co.,
MELVILLE, EVANS dc CO., LONDON.
t nwnnw
C. J. HAMBIIO A: SON,
MARCCARD, KRAII8S dc CO.,!i>.uia
jFAKIS.
Commercial and Travelers' Credits.
Exchange.
Cable Transfers.
&
&
WILLIAM STREET,
Buy and sell bonds, stocks andsecurities In all American, Canadian, British and Dutch markets on commlBsion. Collect dividends, coupons and foreign and
inland Drafts.
Bills of
Unger, Smithers
18
AND
SOS
Offer Investment Securities.
Hamburg.
nessrs, JTIarcnard, Kranss & Co., Paris
AND
Geo. H. Prentiss & Co.,
No. 49 WALL ST., NEIV ¥OBK,
Companies.
YORK
Imternatlonal Bank of London
(Limited), London.
nessrs. John Bercnberg, Gossler & Co.
STAIVTOIV,
S.
16
Issue commercial credits, also foreign and domestic
travelers' letters of credit in pounds sterling & dollars.
Ruckgaber,
BANKERS
1 it Bonds and Stock,
Bought and Sold by
Alexander Baring
Member N. Y. Stock Bxch'ge
Belt Bills of
Schulz
JOSEPH & GRAND ISLAND SCRIPS.
J.
BANKERS.
Act as Agents
Stock and Scrip.
Soutliern Telegrapli
S
Kennedy Tod
and Common.
Bonds, Certificates and Scrip.
TELEGRAPHIC TRANSFERS OF MONEY
ON MEXICO, CUBA, dec, &e.
J.
Ohio Central
OHIO CENTRAL (RIVER DIVISION),
Co.
York,
York.
COLUMB0S HOCKING VALLEY & TOLEDO
bills of exchange, letters of credit,
Use
Exclianse on I^ondon, Paris, Berlin
&
New
First MortKatre, Preferred
ST
34 Excbance Place,
Kennedy Tod.
H. O. Nobthcote.
&
Toledo
Common
COMMISSION MEECHANTS,
J-
Issue Circular Letters of Credit forTrave.
Abroad against Cash or Satisf actor}
Guaranty of Re-payment.
4 Broad Street.
Ain>
Co.,
No. 32 Nassau Street, New Ifoik.
No. 4 Post OflBce Square, Boston.
TOBET& KIRK,
SCOTLAND.
ALSO,
&
stock:
DRAW ON
Maitland, Phelps
B A Sr K E R
PREFERRED
COmraON AND
THE UNION BANK OF LONDON
BRITISH LINEN CO. BANK, LONDON AND
EDINBURGH AND BRANCHES;
CABLE TRANSFERS AND LETTERS OF CREDIT.
John Munroe
& Ohio Central
RAILiROAB
':
;
sold.
|iuxiestmeutB.
BOUGHT AND SOLD BY
Accounts and Agency of Bi.nks, Corporations*
Arms and individuals received upon favorable terms
Dividends and interest collected and remitted.
Act as agents for corporations in paying coupons
and dividends also as transfer agents.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
New
BANK OF SCOTLAND,
New York.
Son. Loudon.
Toledo
John Paton & Co.,
SUCCESSORS TO
JESUP, PATOW &. CO.,
52 Tirilllam Street,
Hambro &
i§»pejciaX
Payable in any part of Europe, Asia, Africa, Ausand America.
Draw Bills of Exchange and make Telegraphic
Transfers of Money on Europe and California.
MANCHESTER, PAYABLE IN LONDON
BELFAST, IRELAND!
AND ON THK
ALL PARTS OF THE WORLD, ON
Messrs. C. J.
SELIGMAN FREKES & CIB. Paris
SELIGMAN A bTETTHEIMER. Frankfurt.
AL8BEKG GOLDBERG,^ Amsterdam.
ALTMAN 4 STETTHIBMER, Berlin,
VliSTER BANKING COnPAN'k,
NATIONAI.
ISSUE COMMERCIAL CREDITS, AVAILABLIi
IN
Issne Letters of Credit for Travelers,
On SELIGMAN BROTHERS, London.
IN aTBBLINO,
Stuart
BUY AND DRAW BILLS OF EXCHANGH,
MAKE CABLE TRANSFERS, ISSUE TRAVEL.
tralia
Sell Bills of
&
FOREIGSr BANKERS.
NewlYork.
Boston.
BALTIMORE.
J
33
Place,
Co.,
STREET,
NEW YORK.
BR8' CREDITS.
England, i'rance and Germany.
No.
Exchange
Cor.
Exchange on, and make Cable Trans
Bills of
& W. Seligman & Co.,
J.
CO.,
&
AIiEXANDER BR01¥N
fort o\iii.
AND THEIR CORRESPONDENTS.
Draw
fera to,
AND
Hake
in all
deBothscliild, Esq., Tlenna.
oir
Itleurs. J. S. jnORGAN
Ho. 22 OLD BEOAD STREET,
Brothers
NEW TOBK.
M.
S.
&
Ickelheimer
39 TTILIilAm
parts of the World, through
Cor. ofSth AChestnntSts.
Buy and
Co., Heidelbach,
Drexel.Harjes & Co Messrs. N. M. Rotlmchlld <& i^ons, London.
"
de Rolhschilil Bro%, Purls.
31 Boulevard HaussmanD,
"
ai, A. de RothsclillT&: 8oub, Frank-
Co.,
Pliila.
&
%xcU^nQt.
BANKERS,
NEW YORK.
Brown
"^ovitiQn
jof
Co., August Belmont
STREET, COENEK OF BEOAD,
Drexel &
[Vol. XLII,
BANKERS,
120
Broadway, Equitable
Building,
New York
LETTERS OF CREDIT AND
CIUCCLAR NOTES
Issued for the use of travelers in all parts of the
world. Bills drawn on the Union Bank of London.
Telegraphic transfers made to Lt)ndon and to various
places in the United t>tates. Depitsits received subject to check at sight, and Interest allowed on balances. Government and other bonds and Investment
securities bought and sold on conuniAslon.
w^^mM
No. 96
BRO.iDWAY,
DEALER
IN
CITY RAIEW^AY STOCKS,
GS^AS STOCKIS,
TRUST CO.'S STOCKS,
TELiEGRAPH STOCKS,
Bank
I
Stocks, Insurance Stocks.
of Trust and Telem-aph Stocks
n Saturday's Erenino font and Daily InaUalnr.
See
my quotations
IF TOU WANT TO BUY OR SELL ANY
I.L« ON •»T<ICKt!l OK BONDSt
PCTH OR CAtelegraph
send fnr, or call on,
write to,
il. W. KOSKMIAI m,
60 Exchnnue Place. New York
t<i.
Telephone call "
New W7."
May
THE CHRONICLE
15, 1886.]
gattlitrs atui gvx»Tu>g in
n. obdoui OAzurr.
WBiTur,
MATNABD C. VtYHt,
lICNur a. Donoc, WuhtoRton, D. 0.
Wu. U. Travkuh, Spechil Partner.
Prince & Whitely,
64 HKUADWAV, NBW ¥OHK.
No.
180
un .urn n»ix>a i
•*»••
'^'ft''
New
Bnr uod lell on oummlulon all olaues
fiecurltles; also Uralu and Prorlslons,
Boston and PIttabunt.
&
Co.,
UANKEUS AND UUOKEBS,
BuUdlUB, 35 Wall St., New York
aiills
York.
'o' «"•' <"•
.iPUI,?.^?.i'*".l'"
C""""'"'?"'
dealt
In at the New York
AlBTI-N O. OUKIIASI.
F.
&
Bnnkera Sc Cominlaslou Stock Broken
BUOAUVVAY.
Branch office. 315 Madison At., cor. 40d St., New York
Deposits received subject to check at siRht, and
Intereat allowed on dally balances. All Stoclts and
:-ecurlties dealt in at the New York Stock Eicbanite
bought and sold on Commission, for Cash or upon
Margin.
&
John H. Davis
made and loans negotiated.
Dividends and Interest collected.
Deposits received subject to Draft.
Interest allowed. Investment seenrltles a specialty.
We issue a Financial Report weekly.
Job. C. Walcott,
) Members of the New Tor*
Frank F. Dickinson, (
stock Exchange.
Securities. Collections
Cox,
fumrulMslou
Biisliiess iD
STOCKS, BONOS aud UKAIN,
CHICAGO, BALTIMORB,
PUlLAUlcLPUlAand Intermediate Points.
YORK.
No. 17 WAI.I. ST.,
With Private Wires
to
NEW
Co.,
In addition to a General Banking Business,
and
Sell
Hirbxbt
BROAD STREET,
STREET,
NEW YORK.
&
Rolston
Bass,
BROAD STREl-T, NEW YORK,
STOCKS, BONDS
20
No.
Chrystie
&
Nob. 23
Receive deposits aud consignments of Bullion.
Deal in Investment Securities and Foreign Ex
change and Invite correspondence.
Particular attention given to Information regarding
Investment Securities.
w. Alex. Bass,
RoLSTo.Y,
N. Y. Stock Kxch'ge.
Member
NASSAU
N^. 17
ST.,
a'
8.
New York
17 Years'
City,
Wall
18
NE^tT
c^G Co.
BANKERS,
18 AY.4LL STREET,
Ne%r York.
Transact a General Banking Business. Including
the purchase and sale of STOCKS and BONDS for
cash or on margin.
and Sell Investment Securities.
YORK, Buy
BOX 8,647.
Wayland Trask.
P. O.
A. M. Klddkr.
W.
C.
margin, all
H.
J.
Morse.
New
Street,
New York.
KUIBALL.
ALTaXD
Lapsley
B. l/ODNSBUir.
&
Co.,
BANKERS AND BROKERS,
BROADWAY,
No. 72
New^ York.
PRIVATE WIRE TO BOSTON.
H. L. Grant,
No. 146 BROADWAY,
NEW YORK.
CITT RAILBOAD STOCKS & BONOS
SOLD.
Robertson,
L.
J.
BOND AND STOCK BROKER,
Dealer in luTestment Secarlties,
No. 7 NASSAU STREET,
(Continental National Bank Building),
York.
&
IN
BROAD
18
ST.,
ALL KINDS OF INVESTMENT
BONDS. MISCELLANEOUS SECURITIES
AND DEFAULTED BONDS.
CORRESPONDENCE SOLICITED.
& Floyd,
STOCK BROKERS,
Walsh
No. 26 BROAD STREET, NEW YORK.
Jaues W. Walsh, Jr.,
Niooli, Flotd, Jb
Member N. Y. Stock Exchange.
&
Co.,
BANKERS AND BROKERS
EUiman,
Street,
Buy
J.
HILL.
EXCHANGE PLACE.
Fbankenhumkb, m. Siliomansi
No. SI
York,
E. ASIEl.
FIKSr-CLASS BONDS FOR INVEST-IIKNT A SPIiOIALTY.
JoTestors wishing to
Broad
on commission, for investment or on
securities dealt in at the N.Y. Stock Exoh.
sell
Asiel
&
Buttrick
No.
Co.,
County, State, Railroad, District of Columbia
Bonds and Foreign Exchange.
Correspondence Solicited.
Co.,
Philadelphia Stock Rxchange.
18
dc
Buy and
16
UNITED BANK BDILDING,
WALL STREET,
&
York.
Albert Pearce,
SOOTHERN SECUKITIBS A SPECIALTY.
&
New
Petrolenm Bxohange.
Membership New York Stock Ezchanse.
Members
Railroad and InTestmeut Securities.
No. i
Members Consolidated Stock and
Kimball
J.
BROKER
Jobs Uowabd Latham. Frkdihick w. Pebrt.
Par-
BANKERS AND BROKERS,
Co.,
DEALERS IN AM, KINDS OF
J.
iJI'''^' i
W. Smith,
t
R.
NEW^ YORK-
H. Latham
5'
New
&
Simon Borg
Jr.
tears' experience in Itallrrad Bonds.
BOUGHT AND
Corresiiondence solicited.
Quotations cheerfully furnished,
Wa. H.
Twentv
ties desiring to buy or sell Unourrent
Bonds wtl.
ploHse communicate.
Stocks bought'in'
in riavi,iuua
Fractional LoU or otherwise.
.,.*l'jJl».^S'.^f
either
for Cash or on Marvin,
See Quotations of City Railroads In this paper.
AND MISCELLANEOUS SECURITIES
Sc
,,
k
Fred. H. Smith,
BANKER & BROKER,
No. 30 BROAD ST., NEW YORK.
Janney,
BANKERS,
25 Nassau St.,
-^r-rrT.
•
to all orders.
Brown.
NO. SO NASSAU
Tiew York.
t
r
investors wishing to buy at sell are Invitad to oall
or correspond. Prompt and personal atteatlun given
Fbkd. a. Bbown.
p.
'
ING CO. OK (iKOKUIA A M'KII.M.rv
Government Bouda and Investment Securi-
H. Brown.
"•
IV
ties.
WAL8TON
"^r
9t).
Howard
Co., Walston H. Brown & Bros
AND BROKERS,
BANKERS,
BANKERS
Rooms 80 A
8TATK ANDCITV
SKCURITIKH OK TIIK
Buy
W. H. Goadby &
No. 24
ANn
Dealer in MlMellaneooi SeenrltlM,
MILM BDILDINO (M Moor.)
ROBEUT
CEDAR STREET.
No. 62
BROKER
Nos. 16
BANKERS,
Co.,
B.INKERS AND BROKERS.
utrli'lly
&
Gilman, Son
A. Diitenhofer,
Co.,
COZ
CHARLI8
No. 65
&
C. Walcott
stocks and Bonds bought and sold on Commission,
Orders received in Mining Stocks, and In Unlisted
Stock Bxctaanie.
Carolin
inturest allowed on diilly balances.
All dop(>«lu subj.'ci Ui obeck at sight.
1 articular attention to orders by mall or telesnun
CnXS. W. TURMKR,
Y. Stock Kxoh.
Member N.
CUAS. C. NouLK.
"" margin,
Stock Ki.
BANKERS AND BUOKBRS,
No. 94 Pine Street, New York.
Transact a ticneral Banliing Businesjs.
Brunch UOIco at Kverctt Uuuse, Union Square.
a
IN
FIRST.CLASS INVESTMENTS.
J.
Citu.
Sons,
chan?^
Gorham, Turner
Do
Sistare's
DEALERS
of Kkllroa^
'^ew '^tK
16 dc 18 Broad Street, New York,
lai South Third street, Philadelphia.
Connootad by Private Wire with main office. New
York.
Prlrate Teloifrapli wires to Phlladelpbia, WUmlDg*
ton. Ualilmure, WaHhlngton, Urldjieport, New HaTen.
WM. V. CAItOLIH,
Member N. Y.
Geo. K.
lit
L. S.
Members N.
Y. Stock Exchange.
or Sell are invited to call
or correspond.
"S^™*"* **" °° Commisslcjo for Cash, or on Margin.
«U Stoclis A Bonds denit in at the N. Y. Stock Exch.
(18
C. J. Turner,
Years' Membership
the N.Y. Stock Exchange
BANKER AND BROKER,
In
16
4
18
BROAD
ST.,
)
NEW YORK.
Transacts a general Banking business, Inclndlng th«
purchase and sale of stocks and bonds for cash or o»
margin.
Cahoone
&
all
York,
Securities
Listed on
BOODT.
Box
447.
C.
II
W. MCLZLLAN.
RIUBK.S LXLAND.
Copthall Coubt,
London,
E.
C,
1st
Jaauary, 1880.
J
f
WE BEQ TO ACQUAINT TOU THAT
we have tbis day commenced to carry on a geoBanking and Commission business at the above
address, in co-partnership, under the style of
otbier Iiirestmeiit
I^^'orrespondeDce Solicited.
BANKBBS,
UNITED BANK BUILDING,
Wall
Street, corner
8TO0SS, BOIfDS
Special Attention given to
&
P. O.
D. A.
Wescott,
New
NEW YORK STOCK EXCHANGE.
tioTernment
Stewart Brown's Sons,
TRANSACT A OKNKHAL BA.VKINO BUSINESS,
stock brokers,
I.VCLUDINO TIIK I'UKCIIASB AND SALE OF
STOCKS AND BONDS KOR CASH OR ON .MARGIN. BUY AND SKM. INVESTMENT ^ECURI- 64 Broadway & 19 New St., New York
TIBS. INTEREST ALLOWED ON DEPOSITS
SUBJECT TO CHECK AT 8IOUT.
eral
18 Wall Street,
Execute Orders iu
BANKERS,
8 Broadway, cor. Exchange Place, N. V.
Branch Office, !J41 La Salle 8t., Chicago,
Bonds
<t
Broadivar.
OOHMSROIAL PAPER.
Stockj and Bonds bought and sold on commission
at New York Stock Exchange. Advances made on
boslDeti paper and other secoriUar
£
BLAKE, BOISSEVAIN
MB. H. J. DkLANOY
•rm by procuration.
MEYER
dc
CO.
WUI slRn tor ear
STANTON BLAKB,
A.A.H. BOI88STAIX,
r B. HLAKK.
THE CHRONICLK.
IV
(jJauadiati
mi& 'gov&iQn
Bank of Montreal.
C. F.
Walteii Watson,
)
A„pnt.
ETchaime, Krancs and Cable
Transfers; grant Commercial and Travelers' Credits
available in any p.irt of the World issue drafts on,
and make Collections In, Chicago and thronghout the
Dominion of Canada.
Buy and
Sell Sterling
;
Iiondon
No.
Office,
'22
Corporations, Firms and Individuals upon
favorable terms; also orders for the purchase and sale of Bonds, Shares, &c., &o* on
the Stock Exchange.
Interest allowed on Deposits, subject to OO-days
sight drafts, at Bank of England rate, and
one-percent below that rate subject to
demand drafts.
Negotiate Railway, State and City Loans.
Abclinrcli liane.
Merchants' Bank
THE
(LIMITED).
$5,725,000 P.aid Up.
$1,375,000
Keserre,
President, A.VDREW .\I.T-AN. Ksq.
Vice-President. 1H)BKKT ANDERSON, Esq.
Capital,
-
BEAD
ll.V.N'KERS;
LONDON, ENG.-Thc flyilesiiiilo Bank (Limited.)
Hiliik ot New York. N. B. A.
NEW YORK—The
The New York Agency Imys ami soils Sterling Ex-
change, Cable Transfers, issues credits available in
makes collections in Canada
all parts of the world
and elsewhere and issues drafts payable at any of
the offices "f the bank in ("anada. Every description of foie: :.i banking biisiness undertaken.
:
New Yorji Agency,
No. 61 Wall Street.
HKNRY HAGUE,
H.VKUIS,
B.
[
JK.,
Agents.
to
Compabv undertakes the business
issues
Railways and other Corporations, either in the mai-
payments of Interest on Loans, Dividends oo
Cable Address— PATT,
ExchanRe and Cable Trans-
CIItCULAR NOTES iss ed in Pounds Sterling
CUMMEKall part« of the world.
CIAL CKEniT?* ISSUED for use in Europe.
Also,
China, Japan and the East and West Indies.
in name of l.OSnON
Limited, available in the Brnzils, River Plate. &c.
Bills collected and other bankinK business transD. A. MCTAVISII, (Agents.
acted.
AffPnta
& BKAZIMAN BANK
STIKEMAN.
Bank of Canada
CAPITAL (paid up),
$1,500,000
SIJRPIjCS, ------- $480,000
HOWLAND,
HEAD
D. R.
Pres't.
-
WILKIE,
Cashier.
OFFICE, TORONTO.
BRANCHES :
St. Catharine?. Port Colborne, St.
Thomas.
Ineersoll,
TOWXSENI),
:
i
:
B. W. BLIJBENSTEIN & CO.,
• • HOLLAND.
AinSTERDAM, •
ESTABLISHED
Gzowski
Capital
HEAD
and Surplos,
This company
Into court,
trustee.
and
is
is
-
$6,000,000
a legal depository for moneys paid
authortiod to act as guardian or
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time, and withdrawn after
6ve days' notice, and will bo entitled to interest for
the whole time they may remain with the company.
and females unaccustomed to the transaction of business, as well as religious and benevolent institutions,
will find this company a convenient depository for
JOHN A. STEW A KT. President.
money.
London—B. W.
BLIJDiSNSTEIN
Rotterdam—De
&
&
t6 Threadneedle
CO.,
St., E. C.
WissEL-en-EFFECTENBANK.
Almeloo— LEDEBOER &
CO.
COLMSCI'IONS .MADK.
FOREIOSr.
Australasia,
(Incorporated by Royal Charter. 1835.)
St., I^ondon,
England
Paid-up Capital,
£i,6to,ono
Reserve Fund,
i;78i),000
Letters of Credit and Drafts issued on any of the
numerous hranches of the Bank throughout Australia and New Zealand.
Bills negotiated or sent for collection.
Telegraphic transfers made.
Deposits received in I>ondi>n at interest for fixed
periods, or for transfer to the colonies on terms
wmca may b« asoertained on application.
PRIDEAUX SKLBY,
Arnold.
Secretary.
TnvSTBBS:
W. W. Phelps,
Wm. H. Macy,
S.
Clinton Gilbert.
Daniel D. Lord,
Samuel Sloan,
James Low.
HENRY
M. Buck*eham;Geo.
Erastus Corning.lEdward Cooper,
8. B. Chtttenden.lW.Bay'rdCutting
Chas. S. Smith.
TIIOK.NKLL, Secretary.
L.
The Union
611
AND
Bliss,
II. E. Lawrence, William Libbey,
Isaac N. Phelps. John C. Brown,
613
Assistant Secretary.
Trust
Co.,
CHESTNUT STREET,
PHILADELPHIA.
Authorized Capital
600,000
•— : *'ffimS
Paid-up Capital
Acts as Executor, Administrator, Assignee, etc.,
and executes trusts of every description known to
All trust assets kept separate
from tbose of the
Burglar- Proof Safes to rent at t5 to t60 per annum.
Wills kept in Vaults without charge.
Bonds, Stocks and other valuables taken nader
guarantee.
-:«,...
^
.^
Paintings, Statuary, Bronzes, etc., kept In tTreProof Vaults.
.....
.
Money received on deposit at Interest.
JA8. LONG. Pres-t. JOHN G. READINO.V.-Prest.
S. STOKES, Treasurer & Secretary.
D. R. PATTERSON, Trust OfBcer.
DiRECTORS.-James Long, Alfred S. Gillett, Joseph
Wright, Dr. Charles P. Turner, William S. Price.
Patton.John
John T. Monroe. W. J, Nead, Thomas R.Acnew,
M, D.,
O. Readtag, Wm. H. Lucas, I), Hayes
C.Bngel.
Jos. 1. Keefe, Robert Patterson, Theodor Perkins,
L.
Edward
Hood.
Thos.
G.
Naylor,
Jacob
PHiLAi)Ei.PHiA; Samuel Hiddle, Olkn Riddle, Pa,;
,
Transact a general Banking and Commission
Business In BiUs, Stocks, Bliares, Conposs, &o,
NEW TOSK CORRESPONDENTS:
KNAUTH. NACHOD & KUHNE
Messrs.
THB
(LIMITED).
TORONTO, CANADA,
......
-------
H
(John H.Rhoades,
D. Willis James, Anson P. Stokes,
Robt.B. Mintnm,
Charles B. Bill, JohnJ. Astor,
Wilson G. Hunt, Jolin A. Stewart.lGeo. II. Warren,
OFFICE, AIHSTERDAin.
BJtAKOBSS:
Buchan,
Stocks and Bonds, Sterling Exchange, Drafts on
New York, bouaht and soid at CUKItBNT PRICES.
4 Tlireadneedle
YORK.
.
STOCK AND EXCHANGX: BROKERS, Anglo-Californian Bank
Bank of
St.
.VALL STREET.
LOUIS G HAMPTON,
York.
&
SEW
OF
No. 49
1881.
Capital fnlly paid np.7,203,9a6 Guilders (12,881,570-)
Keserve Fund
(1385,837-)
913,0»2,58X "
I
Promptest attention paid to collections payable in
any part of Canada.
Approved Canadian business paper discounted at
the Head (Office on rojisonable terms, and proceeds
New
47 Willlnm
Aorent.
grust ®0mpatttcs.
Dan.
Enacbede-B. W. BLIJDENSTEIN, JR.
and Gait. ont.
Dealers In American Currency & Sterling Exchange.
Agents in Ivondon
Agents in New York
Uoyd's. Barnett'a A Bos- Bank op Montreal.
anquet s Bank, limited.
59 Wall Street.
62 Lombard Street.
remitted by draft on
Shanghai
and London.
Thomas Siooomb,
Bankvereeniging,
No. 55
Welland. Ferj;ii^, Woodstock, Winnipeg. Man.,
Brandon. Man., Essex Centre. Niagara
Kails
&
Pald-np Capital
$7,600,000
Reserve Fund
4,500,000
Ke^erve for Equalization of Dividends...
500,006
Reserve Liability of Proprietors
7,500,000
The Corporation grant Drafts, issue Letters of
Credit for use of Travelers, and negotiate or collect
Bills payable at Br.mbay, Calcutta, Singapore, Saigon,
Manila, Hong Koni/, l-'oochow,
Anioy, Ningpo,
Shanghai. Hankow, Vokohama, Hiogo, San Francisco
t
Imperial
S.
London.
De Twentsche
available in
-
Boston, mass.
WILLIAM II. MACY, Vice-President.
JAMES S. CLARK, Second Vice-Pres't
Chicaeo.
I£.
CO.,
New York
Executors, administrators, or trustees of estates,
fers. Issue demand drafts on Scotland and Ireland,
als6 on Canada, British Columbia, San Francisco and
H.
Hong Kong
WALIi STREET.
sell Sterllnt?
Street,
of Trustee
Loans on the London Market, acts as Agent for
North America,
No. 63
Buy and
28 State
Loans of approved Railways, negotiates and
OP
British
18 "Wall Street,
United States Trust Co.
This
or Registration of Stocks in LondODt or otherwise.
Bank
COIIUESPON-DENTS.
BLAKE BROTHERS &
Capital Paid Up, £»T1,S«0 Sterling.
ler of
AGENCY OF THE
TOHK AND BoSTOX
'SEVr
lionernl llanager.
H. PLU.AI.MEU, Assistant General Manager.
JOH.V
Corporations, Arms and individuals, upon
favorable terras also orders for the purchase
and sale of Bonds, Shares, &c., &c., on Coramission on the Stock Exchange.
Nezotiatc Railway, State »nd City loans.
A. M.
LONDON, ENGLAND.
OFFICE, inONTaEAIi.
GEORGE HAGUE,
J.
BANK BCILDINCtS
No. 4
Solicit accounts and agencies of Banks, Railways,
BANKING CORPORATION.
Railway Share Trust Co.
OF CAXAD.l.
&
Blake, Boissevain
Co.,
LiOXDON, EXOliAXD.
j
Solicit accounts and agencies of Banks, Railways
OFFICE:
WA1.I. SXHKET,
61
4:
liOlWDON.
General Manager.
NEW YORK
Hob. S9
Co.,
62 Gresliam House, E. C,
President.
BUCHANAN,
.T.
&
Heinemann
Gold.
$6,000,000 Gold.
-
-
IBanHers.
FOREIOIV.
!?12, 000,000
-
SMITHER3,
W.
and
FOREIOIV.
CANAOIAN.
CAPITAI,,
SURPIiCS,
gatilis
[Vol. XLII.
LONDON, Head Office, 3 Angel Court.
SAN FRANCISCO Office, 422 California St.
NEW VORK Agents, J, A W. SellRman & Co.
BOSTON Correeivmd'ts, Massachusetts N. Bk.
Antborized Capital,
Pald-np Capital, Reserve Fnnd, - -
•
-
$6,000,000
• 1,500,000
- - 400,000
-
Transact a general banking business. Issue Commercial credits and Bills of Exchange. available in all
garts of the world. Collections and orders for Bonds,
tocks, etc., executed upon the most favorable terms.
KRIl rt'K F. LOW,
i M«n»oo,-.
( Managers.
lONATZ 8TBINHAHT,
P.
MAHLON
Dr George W.
&
Co.,
BANKERS.
FBANKFOKT-ON-MAIN, eEBMANI.
HARiiiSBUKO, Pa.; J. Simpson
Henry 8. %kert, Reai.ingj
W. W. H. Davis.
Doty, Mifflintown;
DoYi-ESTOWNi H. E. Monaghan,
Chaa. W. Cooper. ALLENTOWN,
Edmund
S.
WEST
Chesteb,-
The Brooklyn Trust Co.
Cor. of Montague & Clinton sts., Broolilyn, N. Y.
This Company is autHiortied by special charter to
act as receiver, trustee, guardian, executor or administrator.
It can act as agent In the sale or jianagement of
real estate, collect interest or dividends, receive
registry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable institutions, and persons
un.'iccustomed to the transaction of business, will
find this
Company
for money.
N.LILIBNTlLAL.'CasWer.
L. de Steiger
Kelly.
Xfr."a. fil'NTT.NODON;
a
s.afe
and convenient depository
RIPLEY hopes. Pre.«idcnt.
EDMUND W. COKUBS. Vice-Pres't.
TRUSTEES.
B. P. Knowlton, Henry K Sheldon
JosiahO. Low.
Alex. M. White, John T. .Martin, n. D.Wood.
Fred. Cromwell, Wm. H. Male,
A. A. Low,
JohnP. Kolfe.
Alex. McCue,
Mich. Chauncey, K. W. Corlies,
Wm.
Ripley R.. pet,
Abram B. Baylls,
JA8. Busa CDUKAN, Secietary.
B. KeadaU,U. B. Pierrenont.
:
Mat
.
THE (CHRONICLE
1886.]
15,
Stntst Cowv^ttties.
Sautis attd ^aiifegyg
Union Trust Company
OP nUW YORK.
BANKf.
Quo. STUHOM, PresV.
......
......
Sl'ltl'LUS,-
«!, 000,000
$2,000,000
Authorlrod to act us Kxooutor, AdmiDlstriitor,
Ouardiiu], Koceivor, or TriLitoe. uiul in
KOHMONKV
A I.WJAI, nKI-O-ilTOHV
9! A'
of stocks,
,
ftn.l
riitlons.
A
:io
Hn\
made at
,1.,,, ,,,, in,..i;.j:i
notice. With
wbulo time tboy remain with tlie
..,
;
Mr
fni<M.'^:
tiio
lV^tll].;l';V.
he
(MtivtMiMMico of <lopof(it()rs tills company
oiints subject, in accordanco
.It Hitfht, and allows Interest
balances. Such checks pass
-Miiufc; iiOUSC.
!.
[
Hl^
wifli
'
up
.
Win. F.
James M. McLean,
1).
D.
C.
H. Frothlngham,
OeorRo .\. Jarvls,
1.
Hays,
C. Vandorbilt,
James Foravth,
Ooorgo Cabot Ward,
o. O. Williams.
K. (i. Kenisen,
Klrisr,
J.B.Johnston.
Edward
a. .^IcAlpin,
Georco
H. Carhart,
Stokes,
Robert l.enoi Kennedy,
Henry
Schell,
Amasa J.
Samuel
Geo.
Parker,
F. Barger.
Maeouu.
('.
President.
ATLANTA, GEORGIA.
Designated Depository of the XTnited Stales.
Capital
WILLIAM
E. B. Wesley,
J. B. Johnston,
C. D. Wood,
D. C. Hiys,
A. C. KinRsland.
KING, President,
JAMES M. McI.EAN, First Vico-Pros't,
JAMES H.OQII.VIE. Second Vice^Prea't.
A. O. HO.NALDSJN, Secretary.
EUWARD
TB
ProvidentLife&TrustCo
OF
FUILADELPIIIA.
IncorporHted
IS
Third Mo., 22d,
Is allowed, and is empow
ered bi-luw timet as EXECUTOR. AUMINLSTRA.
TOK I^Ki STiOr. (JUAUDIAN, ASSIGNEE, COMMITTEE, Ki:riciVBli, AGENT, etc.. for the faithful pertortnance of which its capital and surplus
fund
furntsti ample security.
All trust funds unci investments are kept separ,ite
and apart from the assets of the company.
The income of p.irties residing abroad carefallv
collected and duly reuiitted.
8.
SHIPLEY. President.
Vice-President.
WING. Vice-President and Actuary.
Metropolitan Trust Co.,
Mllla Building,
35 Wall
St.,
PAID UP CAPITAL,
New
York.
$1,000,000.
W.
T.
or transfer aKent, or trustee for corpora.
tions. and accept and execute any legal trusts from
persona or corporations on as favorable terms ui
other similar companies.
IllLLHODSE. President.
FREDERIC D. TAPPEN, Vice-President.
J. BRITTIN, Secretary.
THOMAS
WALTER
^jjecial IttDxstmentB.
N. T.
WiLET. Cashier
P. A.
The Bank of Durham,
DTJRHAm,
N. C,
Pay Special Attention to Collections.
PIRST-CLASS FACILITIES.
New York Correspondents.— The National Park Bank
and Seventh Ward National Bank.
Q. Fletcher,
President,
J.
I
i
STATH BANK,
I
T.Walker,
c.
Incorporated 187&.{
LITTLE ROCK, ARKANSAS.
Capital (Paid In)
•
•
.
$200,000
.
Prompt attention given to
all bnslnem In our line.
N. Y. CoRiiKSPo.NDENTS.— Imoortera' & Traders
National Bank and National Bank of the Republic
•£
K.
BraBuss,
blrst
National Bank,
made on
all
N. C.
parts of the United 8 -atea
MERCHANTS' NATIONAL BANK,
KICHinONB, VIRGINIA,
Collections made on all Southern points on beat
terms; prompt returns.
JOHN P. BRANCH, President.
JOBN F. GLKXN, Cash. Fbkd. R. Scott, Vice-Pres't
TH09IAS BRANCH
dc
BOUGHT AND
{jOLD.
TVANTED:
Toledo Ann Arbor & Grand Trunk Ists
Southern Central of N. Y. Ists.
Houston East i West Texas Ists.
I
Oswevo
Si
Rome
RICHinOND, VIRGINIA.
Circulars and information on funding the debts
of Virginia and North Carolina free of cost; oneeighth per cent charged for funding. Southern Railroad and State and City Bonds twught and sold.
STEW
£NCiL,A]W»
ALBERT E. HACHPIELD,
Brewster,
No. 6>« Pine Street.
Atlanta & Charlotte A. L. R>y Bond*,
nemplilsdc Charleston RR. Bouds,
nieinphls
Little
Ac
J.
'
'•.'."" »dK,
n.s-i«, ..,'.]-..
Shs. TriiMl
i
'
4-,'.|<.M,\ -- \
\
ail
AldO,
CO.,
Co.
Shs.
St.,
N. T.
RANKS.
and Vnlted States Bonds.
joshca wtlboctb,
charli8 h. shkldon jb
Bknjaudi a. Jackson, William Binmxt. Jb.
Wilbour, Jackson
>
Commercial.
'!
Continental.
lONinefth W'd
7 Ninth.
i67 Park.
7 ^t. Nicholas.
|
it,ai:Av^t«i. i«K^s,s^-'^«iii?r J?
;;;!'?!
& Co.,
BAMKBR8 AND BROKEBS
8q.
60 .Mnnhattan.
n.„.,<
BANKS.
" Broadway.
'
Pine
Dealers Im MnnlelpaJ, State, Railroad
Am.Ln.&T.Coloo Madison
-u
-hs
:'
~
BOSTON.
BOSTON STOCK EXCHANGES.
FOR SALE— STOCKS BY
P. Wintrin^ham,
3fi
Estabrook,
CONGRESS STREET,
BOUGHT AND SOLD
&
Members
of the Philadelphia and New York
Stook
Kxctaangea.
Bills of Bxcbanse and Letter*
of
Credit.
Cable Transfers.
Jos. M.
BHOIUAKSB.
S3
WETBOSSET STREET,
PROVIDENCE, R.
I.
DfslSTf In Conunarolal Paper. Government land
otber llnt.olaaa Bonds and Seonrltlea and ForeUrn
Bzoaansa.
Prtvste Telagrapli
•
Wt
to
HOBIX* M. JAMmMt.
M. Shoemaker & Co.
Jos.
BANKBRtI AND STOCK BR0KSB8,
SOVTH THIRD 8TREBT,
No. 184
PHILADELPHIA.
BALTIMORE BANKE RS.
&
Wilson, Colston
Co.,
BANEKRS AND BHOKBR8,
(Members
of Baltimore stock Kzcbanse),
BALTimORE.
INVKSTMBNT
s jecialty.
and SOUTIIBRN BBODUITISB
Correspondence aolloltad
and tnfomutlon
itaned.
M. y. Corrwepondenta— McKlm Brother*
far.
A Co.
Robert Garrett & Sons,
BANKEBS,
>v«. 1 SOUTH STREET,
BALTIJHORE,
TRANBACT A OBNBRAL, UOMB8T10 AMD
FOHBION BANKI.VU BUSINBSB.
Wm.
And
&
Fisher
BANKEHS,
Sons,
Dealers In Governments, Stocks
and Investment
OrrosiTB Beoo!id St
,
.Securities,
32 SOUTH STRSBT,
BALTimORE,
niD,,
Have Western Union wires in their offlcea, bj
means of which immediate communication can be
bad with all commercial points in the country. Sa^
pecial attention given to purchase and sale of Vtrzinia Consols, Ten-forties, Deferred and all Isanea
of the State, and to all classes of Sonthem State,
City and Railway Securities. Correapondence aolicited.
WESTERN BANKERS.
Lamprecht
&
Bros.
BANKERS,
Co.,
SUPERIOR STREET,
CLEVELAND, OHIO.
No. 137
Transact a eeneral bauking buslnesa, and UKAL
IN TOWN. COUNTY AND CITV BONDS. LIbU
and prices furnished on application. Write ua If jon
wish to buy or set). Kefer. by permission, to Society
for Savings. Savings Jk Trust Co. and National Banks
Chas. H. Potter
New 7ork anil Boiton
&
Co.,
INVESTMENT BANKEBS,
CLEVELAND, OHIO.
SPkCIALTIBS:
TOWN. COUNTT AND CITY BONDS,
LAKB SUl'KRIOR IRON MIM.NU STOCKS,
AND STRKKT RAILROAD StSCUBITlOB
UEHBEB8 OF THE NEW YORK AHD
CItj, Ala., 7s,
.lliscellaneoux Securities,
A. LANCASTER
10 AVall Street.
STHBliT,
of Cleveland. Ohio.
BANEBBS,
No. 85
6s,
Blrmlnshara
By R.
Cobb
&
Rock RR. Bonds,
RR. Bouds,
Carolina Central
North Carolina State
And
BANKERS.
Ists.
Soloto Valley First Mortgage Bonds.
Gerlach,
CO.,
BANKERS AND COMMISSION MBRCHANTS,
Investment Securities
&
PBILADELPUIA.
A. K. WALKICB, Casblei
Prea't,
WILniNGTON,
('Ollecttooa
Narr
BANKERS AND BROKEBS,
No. 437 CHESTNUT
Caahler.
German National Bank,
Designated as a legal Depository by order of Sujf money on Intelsat,
fiscal
$800,000
Blackwell, Prest.
preme Court. Receive deposits
act as
PMILADE£,PH1A BANKERS.
Buffalo,
BUFFALO,
K.
WISTAK BItOWN,
ASA
Cashier.
This bank has superior faoilltlea for making oollec
jlonspn all accessible points in the United 8Ut««,
Canada and Europe.
Liberal terms extended to
ieoounts of bankers and merchants.
CORBispoKDKNTa.— New Y'ork, National Shoe A
i^aat her Bank: Union Rank of London.
I?1,000,000
mand, oron which interest
MHMBEB or BOHTOW HTOTK HXCUANQU.
$300,000 00 ^___
.
COBNWBLL,
C.
Bank of
ISliS.
AI^J^ETS $15,621,530 63.
INSURES LIVES, GRANTS AN.NUITIES, RBCBIVES MONEY C* DEPOSIT, returnable on de-
SAM'L
.
CAPITAL,
(CnARTKU PERPETUAL.)
CAPITAL
and Surplus,
«,
BOSTON, MASS.
TIce-Pres't
Gate City National Bank
James M. HeLean,
T.
Cashier.
THB
8HIBMAN 8. JKWETT, Pres. J08IAH JIWITT, V.Pret
EXECUTIVE COMMITTEE:
_
Wm. Whltewrlght,
O. G. Williams,
No. 4 BxehanKc Place, Rook No.
LoUOWlOKJ.HlLL, E.8.MCCANDLI88. A.W.nilJ,
Accounts of Banks, Merchants, Corporations and
Individuals respectfully solicited.
Collections promptly made and remitted for.
Will act as agent for the investment of Idle and
surplus funds of Banks or Individuals.
in our active and growing city money is always In
demand. Our rates reasonable. Give us a trial.
A. A. Low,
E.B. Wesley,
I),
This Bank holds In addition «1.000.000 U. 8. 4 per
oent Bonds at par, pledued by Its atockholders Kr
tba protection of lis cuatomera. Paid bonds are
pledged as above Instead of being held by I he Bank
as a part of its legal surrrtus, to avoid what we think
unjust and excessive local taxation.
8. T. Kairchild.
ilussoll,
JSdwiird
Capital, $300,000. Snrplna, 960,000.
AmbroitoC. KinKsland,
James H. OkHtIo,
Wood,
James iN. I'latt,
C.
Aist. Cash
.
TRUSTEES
Wm. WhltewrlKht,
Henry- A. Kent,
R. T. Wilson,
IJovb.
Samuel G. Studley,
North-Western Natl Bank,
COMMISHION
STOCK BBOKEB,
CHICACO, ILL.INOIS.
73 Bruiiilway, cor. UcctorSt, N. Y.
CAPITAL,-
Unu
of
MEJW ENOLANO BANKERS.
W. QoOKIN,
F.
®nt
BBTABUBHBD
P.
F.
1871.
Keleher
&
Co.,
OLIVE STREET. BT. I.OCI8.
Dealers In Western Secnrltles.
806
Oefanlted Bonds of Missouri, Kanaaaand lUlaoIss
SpeclaltT. Oood Investment Saoarttlea. paylns from
four to eight per oent. for sale.'
Real Estate Debentures:
6 Per Cent Interest 10 Tears* Time.
A flrst-clasa security, made on correct principles
by some of tbo beat mortgage oompaulea In the ooootry.
Prtoe, par and aoorued interest.
Pamphlet
JOHN rockwki.U
sentonsmUoatlon.
90 Naaasa Street. New York.
THE CHRONICLE.
Tl
'twattcial.
^inaxiclal.
?fiixn;nciaL
RE ORG AlVIZ ATIOIV
To the Bond and Stockholders
We
OF THE
OF THE
&
Texas & Pacific and the New Philadelphia
Reading
RAILROAD COMPANY.
The undersigned Committee of Rcorganlzntion
duly appointed to represent all interests liave unanimously adopted the plan of renrKiniization under
foreclosure of all divisional mortsaiies contained in
the circular this day issued, and request you to deposit your holdings on or before the 15th day of July,
1880, 'suljtect thereto, with the Farmers Loan &
Trust Company of the City of New \ork, receiving
In exchange negotiable certificates therefor, such
deposit and receipt to be regarded as equivalent to
sign ng an agreement for reorganization in accordance with the plan submitted, copies of which plan
and agreement can lie had on application at the company's office, No. 195 Broadway, or to the Farnjers'
I,oan & Trust Company, 22 William Sitreet, New
The Reconstruction Trustees of the Philadelphia
& Reading Railriad Company request the creditors
and shareholders to deposit their general mortgage
bonds with Messrs. Drexel & Co.. and their other securities with Messrs. Brown Brothers & Co., under
the terms of the plan of reorganization, of which
copies can be had upon application at their respective banking houses and at the Guarantee Trust &
Safe Deposit Company.
Under the plan the holder of each $1,000 six per
General Mortgage Bond, with overdue coupons, depositing the same, will receive from Drexel & Co. a
certificate entitling him to four per cent interest fOj.
At the expiration of the above period, should the
committee have been placed in possession of a conrolling interest in the securities named, it will at
nee proceed to execute the plan proposed.
Should however, any one or more of tue interests
concerned have failed thus to give the committee
control of their respective securities, those of such
class of securities as have been so deposited will be
returned to tl,e respective depositors upon the return and cancellation of tbe negotiable certificates
Issued therefor.
,
,,
,
The committee is reluctantly obliged to designate
a short time for the execution of this plan because it
portion
of
the
road
must be
larger
is advised that the
soon closed to operations unless outside funds are
provided for repairs, and funds cannot be provided
with safety until the success of the plan of reorganization be assured.
holders.
per cent cash assessment.
Becetve— ^100 Preferred Stock for assessment and
$1,000 (with such addition as equals matured
i»(ij/— 10
coupons at reorganization) of
Fives Consols', 1st Series^
I.
with additlo' al Common
and Consolidated Stock in
same proportions equal to
^matured coupons.
Co7ivertible 7s and Debentures of Sail'-oadand Coal
I
$250 Consolidated Stock,
^750 Common Stock,
THE COniniTTEE FOR THE REORG.lMZilXION OF THE
Buffalo
New York &
RR. Co.
Philadelphia
beg to announce that over fifteen millions of bonds
have been deposited, and hereby K'ven tiee that the
time within which tbe bondholders and stockholders
of the Buffalo New York & Philadelphia Railroad
Company may become parties to the reorganization
agreement of Feb. 15, 1886. has been extended to
JUNE
15. After that date securities will only be received upon terms to be fixed and announced by the
committee.
By order of the committee.
A.
Stock.
Fives Consols, ?d Series—
Pay—\5 per cent assessment.
Receive— ^loO Preferred Stock for assessment.
Committee.
m^RClTS,
Secretary.
& Rio Grande
way Company.
Denver
Rail-
FINAL. IVOTICE.
COPPEIili,
C.
VAN
Pny— $!0
per share.
Preferred Stock for assessment and
$50 Common St»ck per share.
Deferred lunune lioud.:-Pay -2M; per cent asse'isment.
Receive—k^^b Proferrrd Stock for a^seS'raent and
f Tea h ^I.OOO b<.iiil ^aoO Common Stock.
Certificates of
epi>sit n-gotiable at the Stock Exchange, entitling the liolders to the new securities
after reorganization, will be Issued to the depositors.
Sixty diiy.s' notice by advertisement wil' be given of
the time for the piiyhiciit. of the assessments.
Under this plan the annual fixed charges are reduced to $*l,9*l,ti.>7, being $«54,rtl7 less than the reported net earnings i.'f 1S35 ($7,930, 303). and secure
to the holders of the Inoome Stock an annual advantage of sl.551) 5TH. to the holders of the Consolidated
Stock t>f $l.Hsr.4(>3, and to the holders of Common
Stock of ?K871l.S*29, and the reporte-i average net
earnings of the last five years ($9,636,330) w.mld pay a
dividend of fl%-e per cent 'in the Preferred Income and
Consolidated Stock, leaving an annual su plus fund
for dividf-nd on Common Stock of $333,4-0 90.
To promote the §\icces.'< of the plan an agreement
has been made with a syndicate to advance the expenses and disbursements, and If necessary to pay
the cash asse^sraentf^.
In case reorga ization can be effected without foreclosure, under the present charter. Income Bonds
may be substituted for the proposed issues of new
i
By order of the Board
JOHN
Interest
Paid
Central RR.
& Banking
^.l'i.
tltle».
ALEXANDER,
1,
PHILADELPHIA, May
Flagg,
Cor. Nassau & Pine 8t8,
No. 11
is estimated as follows
Construction work. Pennsylvania Rail$600,000 00
road, branches and leased lines
Real estate. Pennsylvania Kallroad,
400,000 00
branches and leased lines
Loccmiotive enjiines, passenger equip-
E.
only.
ment &c
N
IV X>
S
S. P Ai LE y
BH VrsW, STREET,
VRA
]V
^,000,O(Xt 00
Aggregate
the privilege bo given to the shareholders of the
Company of subscribing at par. between tne fifteenth
and thirtieth days of June, 1886. for four per cent
of their respective holdings as they stand registered
on Wednesday, May I2th instant, thareholdcrs entitled to a fraction of a share may subscribe for a
full share. Tlie privilege of subscribing may be sold
by any shareholder, and blank forms for such purpose will be furnished on application to the Treasurer.
Payments will be required prior to July 1st, 1886,
for which receipts will be given, hearing interest at
the rate of lour per cent per annum from the date
of payment until Novtmber 1st. 18>6. at which time
said receipts will cease to bOiir interest. On and
after November 1st, isjstl. certiflcates of new stock
will be delivered upon surrender of the receipts.
JOHN D. TAYLOR. Treasurer.
Fifth
Avenue
HOTEL,
EW YORK.
IV
The Largest Best Appointed and Most Liberally
ManaBert Hotel In the Cltj. with the Most Central
and Delightful Location.
,
HITCHCOCK. DARLING & CO.
John G. Moore, w.
Moore
K. Kitchbn.
&
G. B.
Schlbt.
Schley,
BANKERS AND BROKERS,
BROAD STKRET, NBW YORK.
26
Branch offices
Connected with
I. A.EVANS.«'
., Boston.
St., N. Y.
So. 3d St.. I-hila. E.L. BBKWsrEH& Co.. Chicago.
72 Wall
U4
Wa»h'.i. HiBBAKDi KAKMKH, Hartrd.
Private \Vire Lonuections.
sell Stocks. Bonds »nd .vliscellaneous Socuiities on New York KxchanKes. also Grain and
F
St.,
Provisions on ChlcaKO Board of Trade.
&
C E
Co.,
Broad Street,
Iransaet a General Banking Busineni
,
Branch Oftioes:
Connected by Private Wiret.
STOCKS
Caafa paid at once for the above secnrltles or they
be sold on "".^imiaBion at seller's option.
;
irlll
700.000 00
1.500.0"0 00
under construction
Nos. 16 AND 18
S
A SPECIALTY.
and
"'''S,HV^?,'",y^'"^'""'5'•'ns™'>'lorlargequHnN U MISUATIST, Box ifliaB, St. Pai5, Minn.
800,000 00
,
Spencer 1 rask
Bankers,
DEAIiBRS
3Ky LINOS IN
Treasurer.
WANTED,
:
PINB 8TRKBT,
BROKERS AN
BO
12. 1839.
:
Buy and
1S86.
women
THE PENNSYLVANIA
At a meeting of tbe Board of Directors, held this
day, the following rosnlution was adopted
ResUmd, That for the purpose of providing the
necessary capital for construction and equipment
e.xpenditures during the year lh&6 on the main and
leased linea and branches, and for the completion
and extension of new and auxiliary lines, the cost
1419
&
Duncan Building
[
BII,I,S
Co. of Georgia
that has never defaulted on an obligation
earns, as well as pays, dividends on its stock.
Also Stock of the above road for sale.
The Board of Directors has this day declared a SemiAnnual Dividend of TWO AND ONE-HAI,F PER
CHNT upon the capital stock of the Company, clear
of all taxes, payable on and after Slay 28th, next, to
shareholders as reidstered on the books at 8 P. M. on
nO>FEDEKATE
January and July.
Augusta, Georgia,
CO.
CO.. Trustees.
UAILUOAD COMPANV,
A road
HAIili,
TAYLOR,
^
DEBENTURE BONnS
KNTRANCB
D.
KaKMEKs' LoA^ & TKUST
Chairman.
Safe Si^ Per Cents.
Reed
JOHN
1,501. ,00o of adlitiunal acres, 24.(K,'0 head of
Krade catilo. 300 head of h<irses, and a complete
and extensive Keneral equipment.
hitjh
9Iadi$on Square,
WWL. FELIX
Stc.
1915.
riMbts of
of Reconstruction Trustees,
GARRBTT,
B.
Chairman of the Amsterdam Committee.
April 30th ult.
On May 28th dividends will be paid to
Common Stock—
JZficm'*-— $10
GELIilAT,
TKKASURER'S DEPAKTMBNT,
Philadelphia, May
DUE
Interest Payakle JAXt'ARY axd Jplt.
This Company, located in New Mexico, possesses
6,000 ac-es of land in fee. with irrazing and water
New construction on branch and auxiliary lines now in operation
And for new branch and auxiliary lines
Committee.
PENNSTI.VANIA RAIIiROAD
First 3Iortgage S Per Cent Gold Bonds
and
%nUvi^stf ^ivi&nx&Sf
CAlflPBELL.
RA\€II & CATTLE CO.
Bonds.
The Old Preferred and
Chairman of the London Committee.
M.
THE EYONS &
stock.
or Car Trust Certificates of the Colorado Rolling
Stock Trust Company, will be received and allowed to
participate In the plan of reorganization, except in
the discretion of the committees and upon such
special terms and conditions as may be then imposed.
April 10. 1886.
HOWARD
HIIilTlSRS, iVIcGOAVAN & CO.,
Box 2847.
35 Wall St., New Ifork.
P. O.
of which
New York hereoy give notice that after the
15TH DAY OF MAr, 1886. no bonds or shares of
stock of the Denver & Rio Grande Rail way Compan y,
New York
I
BUILT.
the Bonds required to complete the Koad, as it runs
through a rich agricultural country.
Information furnished on application at our office
or by mail.
Iron Co.
i^ny— 15 per cent assessment,
IJfc^nv— $150 Preferred Stock for assessment,
$1,000 Common Stock, with additional stock to
cover coupons.
Alluiisecured claitns when proven (iihether funded
or floating) get the same recognition as Debenture
diim and
Chairman of the
1
&
The Reorganization Committees of the Denver &
Rio Grande Railway Company in London, Amster-
GEORGE
UPON A RAILROAD PARTLY
rjFFICE OF
Receive— t'lOi) Pr-'ferred Stock for assessment,
$1,000 ("with such addition as equals the matured
coupons at reorganiiation) of Consolidated
ITEORT-
BOIVDS
The Kamings of the Road are estimated at lowest
calculation nearly twice the amount of interest on
Income Stock.
Pay—\0 per cent assessment.
15. 1686.
J. WIST A R,
LEWIS IVI.W,
C. K. SATTEKLEE,
I«. F. NKWrOAlKK,
JOHN :»iAltK<»E,
\VM. I). WI>SER.
J. I.OWHEK WKI-SH,
J. N. HUTCHINSON,
OAOE
three year8.or until reorganization if sooner effected^
and upon reorganization to a four per cent new general mortgage bond for $1,000 and $480 of preferred
stock—the holder of each seven per cent bond to
receive $20 additional preferred stock.
Income Mortgage and ConvertiMe Adjustment Scrip-
,
.
haye to Offer to Investors upon
Private Terms,
PER CEXT FIRST
6
Orleans Pacific Kailwajs.
KEW Tohk, May
[Vol. XLII.
Philadelphia, 132 South Third Street,
Albany, N. Y., 65 State Street.
Providence, R. I., 13 Westminster 8c
Saratog<«, N. T.. Grand rnion HotAl.
.
xtmtk
HUNT'S MERCHANTS' MAGAZINE.
aEPRESENTING THE KfDUSTRDVL AND COMMERCIAL INTERESTS OP THE UNITED
VOL.
SATURDAY, MAY
42.
CONTENTS.
As
GlearlnK-HouBO Returns
."i8S
586
Th« PlimaolalBltiiatlon
The Hallway Question In Eng599
land
Amriicnn Si'ulluient and Home
Kuk'
591
%\xt
I
I
I
Rallroa'l BarniuKS in April, and
from January 1 to April 30. 592
Monetary
and
EnKlisU
News
1
Commercial
595
News
Wetk Bniint May
1886.
New York
$684,147,391
or Poat Olllcti Money Orders.
A neat llle cover is furnished at 50 cents; postage
Volumes bound for subscribers at $1 00.
on the same Is 18
eent8.
Ensland.
TheolHce of theCoMMKRciAi. a.vd Fin.vnciai. Chronicle In Ix)ndon
la with .Mes-srs. Edwariis & Shitii. 1 Dr.ipers' Gardens, E. C. where suboriptiotis and advertiaeuioiits will be taken at the regular rates, and
single copies of the p.tpor Hupplicd at Is. each.
TheolUceof theCnuoNiCLE in Liverpool is atB15,
WILLI.VTI B. O.IIVA
'
O.
B. DANA.
FLoyu.
?
79
dc
J
&
Exchange Buildings.
Co., Pobllshers
81 urilllarn Street, tiEW
Post Office Box 958.
YOKK.
As foreshadowed by our
;
;
147,000,000 greater than
on
May
1
-f34'8
(J,976.981j
(848,700)
(423.800)
(90,167,000)
(41.830.300)
lPetrolevm..bbl».)
(80,847,000)
180,158,555
4,236,900
1,711,660
1,174,980
918,814
665,312
800.308
62 1. 330
914,066
786,898
708,683
460,513
+18-7
+3J-9
Total N. Bngland
190.482.249
$76,126,887
+189
Philadelphia.......
165.083.329
144.186.504
+24-6
.
1886.
$607,434,669
PwOmt
+U-9
(1.469.689
(t-82-7)
(],«4&844j
(+74-1)
(891.100)
(-4W)
(sa.74s.aoo)
(54.792.000)
(-41-2)
(-51-1)
(-44-1)
(88.179.000)
(+69-0)
(66.682.368
+808
$71,840,546
+11-6
8,818.300
1.838.030
+11-0
8.635.800
1,440,284
-I-4-9
-0-4
1,180,015
-H>-6
+1T1
1,084,008
788,378
888,864
738,(48
468,414
-4-8
+8-8
-8-7
+11-S
+18-4
+19-6
$80,663,363
+8-6
+8»fl
+28-8
PltUburg
8.307.470
6.491.671
Haltlmore
ll.(i8i,16a
11.759.462
+280
-0 6
$63,170,986
8,837.878
11.332.788
$75,017,967
$68,436,587
+201
$72,741,641
+88-8
$68.562.85<i
$60,188,616
9,660.250
8.(134.100
4.771.459
S.1B2.800
3.684.789
+81-7
+11-9
+89-6
2,703.246
+170
1.163,583
1.097.381
+60
-10-1
+6-8
-43-4
+19-6
-1-8
2,556,270
2.20 '.867
+16-1
1,719,35')
I.IB8.849
+4; -8
729.279
810.816
3.252.039
2.141,218
—10-1
+&I'9
$42,971,877
8.977.050
8.072.496
3,368,25;
997,071
8,083.387
1,514.560
688.287
»89,5;7,28S
$72,625,385
+833
$66.0110.661
-T6
118.829.248
$I4.85'J.202
854.575
669.045
114.869.808
88S.372
New Orleans
7,094.322
6.4M.6I8
+26-7
+27-7
+10-3
LoaisTllle
6,072.336
4.489.668
4.52 S. 175
+ 130
4.363.617
-1-8
+16-8
+1-8
-1-0
+4i)-3
6.981.013
+40«
1.071,382
+83-7
1.038.747
+18-8
Total Utddla....
Mllwaakee
Detroit
(ndlanapollB
Peoria
Saturday, the exhibit made by the bank
exchanges for the week ended May 8 is decidedly satisfactory,
the aggregate for all the clearing houses recording an excess
over the preceding week of $317,376,254. It is to be noted,
moreover, that the improvement is general, Detroit and San
Francif CO alone showing any decline and while the greater
part of the gain is, to be sure, at New York, the portion contributed by the other cities (some 140,563,573) represents an
increase at those points over May 1 of a little more than
fifteen per cent.
Furthermore, the present improvement,
especially at New York, would seem to be due in great
measure to heavier mercantile transactions
for although
share sales on the New York Stock Exchange cover a value
»507.0S4.848
(06Uon....bala.1
(Grain. .buahtla)
:...
five-day telegraphic reports, given
in this article last
i»er fern.
(8tocks....shara.}
Cleveland
CLEARING HOUSE RETURNS.
WcekEndint Muyl.
8.
1886.
Salaot—
Terms of Subscription— Payable in Adrance:
For One Year (inoluding postage)
$10 20
ForSix Months
do
6 10
ProTtdenoe
11 28
European Suhsorlptlon (inclUiUng postage)
Annual siibacription la London (luoludinx postage)
£2 Ts.
New Haven
Six Mos.
do
do
do
£1 Ss.
These prices Include the Investors' Supplement, issued once in two
•lonths, and furnished without extra charge to subscribers of the Worcester
SprlD^eld
Ohbonicle.
Bubsorlptions wiU be continued nntil deflnltoly ordered stopped. The Luwall
publishers cannot be responsible for remittances unless made by Drafts
WILLIAM
AM
Stock Exchange share sales are
week, and embrace a market valne
of $116,317,000, against $90,916,000 last year; clearings of
other origin, therefore, reach $451,613,351 and $325,303,848,
respectively, in the two years, or an increase of 88'8 per cent.
.^96
Thk Commercial and Financial Chronicle t» pvblished in
New Tark every Saturday morning,
[Bntered at the Poat Ottloe, New York, N. Y., as second class mall matter.}
JOBN
New York
stated before,
Commercial and MUcellaneous
I
^hxonxcU,
Offices In
NO. 1,090
15, 1886.
in excess of the previous
THE CHRONICLE.
STATlflL
DenTor*
St.
Lonli
Kansas (Mt7
6,331.919
1.454.021
Memphis
OaWeston'
Total Sonthom..
Total aU
Ontslde
•
New York:
Not included
6.305.400
1,044.IM0
1.339,837
San Francisco
-|4-«
+io-i
-84-S
+82-«
2,621.604
4,038,600
Total Western..
8.588.988
+8-»
{39,668,439
$32,048,050
+28 7
$88,786,661
19,906.907
$9,810,722
+1-0
$U345.«eO
+6-7
J9.'<8.78S, '01
1780.081.7.19
+30-1
$771.8ll.»n
+1»8
»304.BtO.BSU|
$253,018,891
+20-4
$864,077X78
+'rt-
+B-7
In total.
Our usual telegraphic reports of exchanges for the five days
(equal to $94,000,000 clear- have been received. At all the citiej there is some decrease
the speculative sales of merchandise as recorded at the exhibited from the figures for the preceding period, the loss
other exchanges exhibit largely decreased operations; and in the agg:regate being $181,666,557. In compirison with last
besides, even if they were fully up to the previous week, there year, however, Baltimore alone fails to record an increase,
would still be fully $83,000,000 to be accounted for outside of but the decline there is very slight.
ings),
A peculiarity of the current returns is that at Chicago,
stocks.
where the
nv« Day BnOtno Mav
a reduction of the hours of labor led to
disturbances by the lawless element which culminated in riot
and bloodshed, there is an increase of over $19,500,000, and at N«w Yorlt
Sam of Stock
Milwaukee, where similar scenes were enacted, the showing Boston.
is
there
any decrease recorded, and
decline heavy.
gains,
notably
City 40'3,
per cent.
in neither instance
is
35'7,
(tht.)
and
New York and
SULoola
the New Orlsau
On the other hand, there are some very large
Omaha 51 -9 per cent, Columbus 47-8, Kansas
Memphis
1886.
Phlladalphla
also very favorable.
Instituting comparison with the corresponding week of
1885, we find that at only New Haven, Baltimore and Peoria
is
14.
tH^Bnd'tllayl.
strike for
Lowell each 347
Total
Balance, ConntrT*
Total
all
OnUlde New York
I88B.
PtrOmt.
+6-8
1886L
ttrOmt
+88<
$443.H13.192
$421,236,593
(1.098.712)
11.813.3011
(-9-4)
61,672.676
68.748.908
+16-9
40340.860
33.868.214
+206
$804,908,338
a.TOt.OOi)
««.t»6,9;6
47.696.120
9.080.457
9.10(5.906
-0-9
10.068,981
+9<
87.928.000
18.621.770
8.7S7.48A
88.185.000
11.680.814
8,983,491
+Te
+97-4
+16-8
+••«
64,774.000
18,060,084
8,980,373
$618,688.1)63
+7-8
+99-8
$798,688,001
38,308,388
+84-«
87.742.476
$880,090,788
47,237.688
$670,265,489
$6l6.39S.87l
+»8
$8B1,II81,0M
+8*«
»-.i2ll,H52.2:)7
|196,071,f«8
+i«-9
$968,SaM,«48
;r«
(-r99-9)
+90-?
+98i)
+9Bt
+18-7
+*•
THE CHRONICLE.
586
and
FINANCIAL SITUATION.
T3I!
[Vou XLII,
their influence
may
in
some
measure be
reflected
here.
Our exchange market has been easier and lower this
There has been no material change in the money market
the past week. So far, however, as bankers' balances at week. The satisfaction of the demand for Paris caused
the Stock Exchange indicate the condition, the tendency francs to recede early in the week, while the decline in
is towards easier rates, the range being between l^ and 3 exchange at Paris on London with the lower rates for
per cent and averaging about 2 per cent; renewals have money in the open market at London (all noted above)
generally continued as last
week
2^ per
at
cent.
Banks
claim to have loaned nothing below 3 per cent and at
least one of them has called for an advance upon that rate.
Commercial paper on the other hand commands a little
better prices, owing to the small amount offering and
though our city banks are not in the market there is a
good inquiry for all the notes that are made. The conservative course of our banks regarding call loans and
;
by the low state of
the reserves, which is more evident when we remember that
85 per cent of the present surplus is carried by three of
these institutions; besides, the loans are now 350^ millions
commercial paper
is
in part explained
against 299 millions a year ago, while the deposits are 372
millions against 362 millions.
when the awards for the French loan are
announced some of the gold which has been sent to Paris
from London will be returned. This condition (which
indicate that
the
will relieve
make
its
needs
situation
less
of
Bank
the
England and
bills drawn
of
urgent) and the supply of
by the arbitrage houses against purchases of securities with
an increase in commercial
diate
demand
market.
bills
which supplied the imme-
for sterling, gave
the easier turn to that
exchange should
be looked upon with considerable satisfaction, even though
there be a
It is natural that this decline in
recovery ^and further shipments of gold for
most likely.
In some circles uneasiness was
beginning to be expressed at the state of our foreign
trade and these gold shipments, especially as the gold
a time, as
is
market holdings of our Clearing House Banks had decreased so
Apparently the important fact was lost sight of,
three months'
bills,
while the
Bank rate remains that the Treasury had gained in gold what the banks had
unchanged at 3 per cent, although the loss of bullion by lost. For instance taking the 1st of May for comparison
the Bank during the week was £1,238,531, and the (as on that day we have the Treasury statement and our
proportion of reserve to liabilities is down to 37 J per city bank returns of the same date) we find a loss by the
cent, or within -J of I per cent of the lowest of the year. city banks during the year of 38^ millioas, while the
special cable to us from London states that of the gold Treasury had in the same time gained 38 million dollars.
lost by the Bank the past week, £863,000 went to France There does not seem to be much cause for uneasiness in
and £375,000 went to the interior of Great Britain, such facts as those.
But this turn in exchange, coming after the Bank of
And that the stock of bullion held by the Bank is now
only £19,799,419, which is the lowest it has been England had added to its influence over all gold reserves
at
The cable reports discounts
London down to 2^ per
open
the
in
cent
60 -day to largely.
for
A
since
November 19, 1884, when the total was £19,- by raising its rate to 3 per cent, seems to indicate a state
the Bank minimum being at the latter date of 'our current foreign indebtedness more favorable than it
752,916,
5 per cent.
It
should be said, however, that there are was feared existed.
exceptional and apparently sufficient reasons for no further
rise in the
official
rate at present;
chief
We have sent
out since January
among them is formidable amount, but with that we seem in
new have been able to settle our debtor balances.
the main to
Now, even
the fact that the late drain has been caused by the
French
loan,
and
likely in
part, at
least, to
be returned
awards are made, evidences of which
exchange at Paris on London
has now moved up to 25 francs 23 centimes against 25
francs 11 centimes on Saturday last, the difference being
as
soon as the
.
are seen in the fact that
sufficient to
merit notice.
"We have nothing by cable respecting the new French
loan later than May 10, when it was stated that crowds
remained all night pressed up agamst the Loan Office
awaiting an opportunity to subscribe, and by two o'clock
in the afternoon of that day the subscriptions had reached
thirty times the amount of the issue.
Even assuming
that the total was no larger than then declared, and that one
1st
not to exceed 23 million dollars gold net, by no means a
few weeks should add something
amount
(for
the
low
values of commodities make
this
to
the present an unusually bad year for our exportable products) we shall then have entered upon a new season's
crops, the marketing of which will provide all the exchange needed and a surplus again. We put no trust
The world
in the idea that no one wants what we raise.
Even for
wants it all, and will pay current prices for it.
if
the trade of the next
wheat,
we
the slack
are largely indebted to our
demandjit meets.
For
own
speculators for
several years
now they
have regularly kept our supply off the world's markets by
putting the price above current rates, thus enabhng India
per cent of the subscriptions was required to be deposited,
even that would amount to 270 million francs or 54 million
and other countries to dispose of their produce at a good
figure (simply making a market for them to sell on), and
then after that and at the end of the season, the load
dollars temporarily locked up.
getting too heavy to hold longer, our surplus
this loan that the
mous gain
It is
Bank of Prance
this
doubtless owing to
week reports
of 45,606,000 francs in gold.
We
the enor-
notice that
upon consumers
—
of course, at their
own
is
dumped
We
price.
experiencing just that now, the great pile
we have
ar
here
market report which comes from Great Britain
fund the Prussian floating debt of 30 says) being the one single thing that has been taking the
And still
million marks by means of an issue of 3^ per cent Treas- life out of demand and preventing a recovery.
ury bonds. Although this amount, if correctly given, is we are selling it at a price very much less than we could
comparatively small, efforts will doubtless be made to have got months ago. Mr. Switzler, of the Bureau of Statis
the cable announced on
bill in
cause
Wednesday
the introduction of a
(as every
the Diet to
it
to be fully as successful as the
therefore the deposits called
for will
French
loan,
and
likely be consider,
The Spanish Government has authorized a loan of
$124,000,000, reported to be for the purpose of consolidating the floating debt of Cuba. These and other borable.
tics,
yesterday issued his figures for the
for breadstuffs,
cotton, provisions, &c.,
month
of
April
which we have
prepared in our customary form, and give below.
We
have extended the comparison back two years, as
usual,
rowings are likely to have some effect in the near future
and the table covers the figures not alone for April but
for the ten months of the Government fiscal year ended
upon the money centres of London and the Continent,
with April as well
May
THE CHRONICLR
15, 188fl.J
587
much worse
state than haa been hitherto exporiencad
be the alternative which matt loon be faoed.
1883-i.
There has been nothing especially new re«pecting th«
crop
oondition this waek except the May report of the
10 Month:
AprU.
Agricaltural Department at Washington.
Its result! aa
»
uxi-ouTS OP iiiiBVDSTurrd. riiovimoN*. corros and PKTitoLKUM.
will
1884-6,
Sxportt
from U.S.
AprlL
10 JToKtlu.
Aprit.
10
MmllU.
Qiuinfi'lM.
Floar...bbU.
8,902,070
708,188
88,761,818
8,8S«,7!»
Wheat. buab.
"WIJ.MS
B7,BI0,I74
7,ea4,aoH
Wbeat.bush.
Corn. .bush.
Total buih..
Wh't *
Hoar
6,114.816
8,700,146
780,886
B8.2«i,oie
in,8ee,e«o 168,048,033
18,148,818 130,078J*«7
S,7«0,.13'
7,643
117,810
88,883
l,el7,0!8
8,409,001
H0,3(W
381,711
6,017
8,303,110
388,138
Bretvdvtufn..
Provl^t'ins ..
ll,e!U>..Sn8
09.548,748
14,051,951 136.031,480
7ii<,58,101j
7,18B,OI8i 85,011.801
Cotton
Petrol 'm, Ac.
I
I
to winter wheat, are simply in aocord with
situation.
Through the kindness
Statistician
of
^8a3,684
1880.
1
30.810.110 4S8.050,
an increase even at these low values of
at the fur-
Illinois.....
07
08
03
Mlssonrl...
101
Kaoaaa....
Michigan..
«7
100
101
California.
ther decline in silver this week, the latest quotation being
silver
dollar
worth about 7G
cents.
cannot see in that circumstance any cause for uneasi
Everyone knows that silver dollar coinage is and
has been all along a fraud and a cheat; a cent more or
in the bullion value of the coin gives a trifle more of
1 ess
ness.
emphasis to that phase of the question but otherwise
wholly immaterial.
The
excellent
management
of
the
shape to permit the people for the time being to be
quite
indifferent to the
subject,
except as concerns the
principle or rather lack of principle involved in stamping
412^ grains of
Oregon
New
....
Yurk.
P'nnjylv'a
Tennessee
MarTland..
Texas
01
108
74
78
62
78
60
96
00
08
00
06
06
102
»1
81
102
100
108
101
101
48
69
SS
86
87
Virginia,..
1888.
101
00
50
70
48
60
68
68
68
40
58
66
100
94
78
68
88
101
05
80
67
67
88
100
01
67
48
74
Hay.'jufu. Apra
86
88
01
101
84
101
103
87
99
08
103
CO
101
100
101
88
87
l'4
108
86
05
101
07
08
90
100
100
loa
89
»4
76
00
108
01
98
103
98
100
07
00
07
98
May. Jitm,
70
75
80
"eo"
n
01
t3
70
93
8»
80
69
66
100
96
76
02
90
76
8S
90
68
07
80
«8
«e
80
70
Av. whole
mi
eonntry..
A
is
Treasury Department has put the Government finan
in a
1884.
WInttr
WlitaU AprU May. April Ma^. Jun*. AprU
88,978,244
Ohio
which makes our
the
.1/
3.809,488
same month of last year.
Some misgivings have also been expressed
i'>d,
Dodge the
received
88,»S4,44.i
10,018,888 177,700,.'t0
000, 000 over the
We
Mr.
figures of condition for this year,
Indian*.. ..
^,'?,
of
we have
Department,
the
19,891,178 133,0113,318
37.235,600 887,084,7831 34,181,910 461,004,888
This shows
the infor-
all
mation which we have heretofore published, and taking
the country as a whole show a remarkably favorabla
and using from previous
S,30«,.S83
BM.no reports similar returns for previous years, we have the fol277,117
lowing comparison.
410,960
83,220
17,832
9..H:).7i):l
ii.iWl.lWal
•
«
190,314,025
3,820,214 40,741,0as
,l.!n.012
37,878,883
10,071,686 109,090,948
1,717,911 83.633,138
83.841,609
10,836
...
9.786.640
t
«
e.80S,846 108,147,690
I
69,648,161
87,848,701
108,751
Total
1, .183
7,S8O,0i7
1«,176,010 110,778,113
Data A meal.
Barley
Bre
50.81
B.9M,8«8 •8.4«6,4'«4
8,111.406
3,727,187
Com Jkmoal.
76,308,330
1,168,744
tO,oDo,ao» 116,683,901
0,776,804 48,.']e4,034
«
Vattu».
4,8eH,B17
9i-u
mere glance
strate
W
at
how complete
94
foregoing
the
the change
is in
day, compared with the promise of
son.
The condition
88H
to
78
demon-
the promise of to-
this date of
last sea-
also stated to average
96
Nothing is given in the report with
spring wheat or com, but our own information
and barley
regard to
rye
»t
is sufficient
of
is
97.
silver as equalin value to 25-8 grains of gold.
shows that the former has progressed favorably in all
In the meantime we think the decline in the bullion value respects, while corn planting has been delayed in the
of the white metal pleases us, as it is likely to do more Northwest by the wet weather; this latter circumstance is
good than harm. It tends to throw back on Europe the not at all serious, only it is dtime now for the unfinished
settlement of the problem and the curing of the evils work to be pushed forward rapidly to completion.
The
which the demonetization of silver there has raised. It agricultural report with regard to cotton, we have given
is troubling them, not us.
For instance, it is quite evident and remarked upon in our cotton report on a subsequent
that England is beginning to get a little more serious page.
It will there be noticed that although ttie planting
over the consequences which threaten its interests
— theories
in
many
it
was, according to
backward on the first of May,
report, on the average well up
Britain's
export trade with last year and much more forward than at the same
with silver countries is suffering under, and the dis- date of either of the previous two years.
Since May 1
tress which the general decline in prices induced by our own weekly telegrams have shown fair progress; the
silver demonetization is producing, it is sufficient to condition at the moment is very good in Texas and in the
suggest the growing urgency of the India situation. Southwest, except where the overflows have delayed
This week's papers received from India contain the Budget planting; but elsewhere and especially in the Atlantic
statement of Sir Auckland Colvin, in which one aspect of States, it is still backward, needing good weather for
that country's dilemma is referred to; for he most proper development.
earnestly and almost piteously sets out the anxiety and
The industrial situation is evidently improving, that is
difficulty the Government experiences in endeavoring to to say the labor troubles are rapidly becoming a matter of
carry out plans and calculations in a medium which history.
We noted last week the absolute settlement of
possesses no stability.
He says reasonably enough "it is the strike on the Southwestern railroads. This week the
" fruitless to persist in economies, to abandon or delay Chicago freight-handlers have returned to work, so also
"works of which the necessity has been demonstrated, or have the sugar refiners in Brooklyn, while many
"to devise sources of increase to our revenue, if the lesser movements have been settled. Even the eightweakening before experience.
demoralization
which Great
Not
to
speak of
" result of economy, prudence and taxation
" pear in the great gulf of exchange."
the
of the States was
this
hour strike seems to be losing its force and giving
evidence of a speedy collapse. The lock-out this week
the cable reports that on the 12th instant, at London, by the clothing
manufacturers in the West is a
there was a conference of members of the House of movement
in
the opposite direction, but it must
Commons in favor of a bi-metallic standard of currency, soon give way under the strong general tendency
We
alike diaap-
notice also
it was agreed to introduce a motion calling upon
which exists to close up these differences. The riot and
Government to open negotiations with the great com- dynamite at Chicago wrecked every hope of present sucmercial nations for the purpose of fixing an international cess the labor movements had.
The leaders of last week's
ratio between gold and silver for currency purposes. outrages are in the hands of the officers of the law, and
Neither of these appeals may have an immediate effect their sympathizers are being one by one dragged from
upon the policy of Great Britain on this question, but their places of concealment, for punishment. A more
at
which
the
they show that the truth
is
working, and either action or
cowardly set of wretches than they are proving themselves
THE CHRONICLK
588
[Vol. XLII.
They were simply making a good living however, shows larger expenses, and the gain in net
by exciting the prejudices of, and levying contributions therefore is less than in gross.
Our stock market has shown a somewhat firmer tone this
upon, workingmen who were far braver than they but less
week, influenced by the facts already referred to, that the
intelligent.
One after another the men who have during late years labor troubles have grown less disturbing, that crop
been the more prominent actors in Wall Street circles are accounts continue very good and that exchange has
dropping out. This week Mr. WoerishofEer has died, and declined and there have been no farther shipments of
Vanderbilt's death gold.
At the same time, reports that the coal trade is
it seems only a few weeks since Mr.
was announced they were totally unlike in character and getting into excellent shape, as a result of the policy in
interested in the market in very different ways, but what vogue, also had an encouraging effect on the market.
never existed.
;
especially
is
noticeable, neither
street to precisely
fill
his
leaves
any one on the Indeed, the coal stocks have been among the strongest on the
list, and show the most decided rise.
Reports of earnings
Others of similar calibre
place.
quite generally unfavorable,
prominence hereafter, but as the specula, for the first week of May
and the conditions controlling railroad but that was to be expected in view of the interruptions
investments have for the time being at least changed, it caused by the labor troubles. The cut in second class
will perhaps be long before so leading a figure of either passenger rates between St. Paul and Chicago has caused
It is worthy of notice little comment and created no uneasiness.
These oft-retype of operator will reappear.
also how little effect the death of these men had on the curring difiiculties, however, among the roads in that sec-
may
attain like
conditions
tive
Mr. Vanderbilt's end came so suddenly that not
market.
tion are the natural consequence
the least preparation or curtailment of his business engagements was possible, and yet, notwithstanding his connec-
new
tion with the
market was so intimate and extended, only
day was there any disturbance to pricesMr. Woerishoffer on the other hand was probably the
most prominent and influential speculator on the street,
though recent ill health had led him to close out the most
without
for a part of a
poses
lines
in
the multiplication of
of
The
that part of the country.
issue of
$4,000,000 additional stock by the Pennsylvania has been
the
effect, as
and
new
is
known
of
the
proceeds
the
road,
for
it
part
construction and
to
be for legitimate pur-
ordinary
be
to
operations
used
of
pay
to
The passage by
CuUom's Inter-State
equipment.
the United States Senate of Senator
Still current opinion as to the effect Commerce bill also has been without influence on the
sudden
death
would
have put a high estimate upon market. The signing by Gov. Hill of the gas bills comof his
whereas although it came unexpectedly and without pelling New York city gas companies to lower the price of
it
the least warning its effect on values was really almost gas from $1 75 per 1,000 feet, the present charge, to $1 25,
weakened Consolidated Gas stock, but of course did not
imperceptible.
The returns of the trunk lines, so far as received, bear affect any other class of securities. There have been rumors
of his engagements.
;
out the favorable anticipations that had been entertained of a probable reduction of dividends by both the Northwest
as the effect of the higher rates in and the Burlington & Quincy; on the part of the North-
with regard to them,
force this year.
quarter ended
has that of the
rumor
The New York Central statement for the west they were promptly and emphatically denied both by
March 31, has%iot yet been published, nor President Keep in Chicago and Vice-President Sykes in
Lake Shore, and in certain quarters the New York. What foundation there is for the report in
being circulated with great persistency that both
is
are very
discouraging.
would be
at variance with the
other leading trunk
that
If
lines.
should prove true
really there
by
the case of the Burlington
&
Quincy
is
not known, but
it
has an air of plausibility from the fact that the company
paying a high rate and that
all
the
is
is little
use
quarter of the year
results disclosed
But
it
declined
its
net earnings in the
first
The stock has
the week was the
$436,939.
in speculating as to the outcome, when we shall very soon been weak and lower.
An event of
be confronted with the actual figures. In any event, we making, by President Garrett, of a trial trip over the Balhave the exhibit of the Nickel Plate or New York Chi. timore & Ohio extension to Philadelphia.
cago
&
way
satisfactory.
St.
Louis— a Vanderbilt
line
—and
it is
in every
The following statement, made up from returns
col-
Gross earnings increased $122,972 over lected by us, shows the week's receipts and shipments o£
those of the corresponding quarter of 1885, and net earn, gold and currency by the New York banks.
ings (above ordinary operating expenses) increased $90,698.
As
is
the net earnings last year were
a very important percentage of gain
From London we
also
only $243,755, this
—over 35 per
have the Grand Trunk of Canada
roads for March and the three months.
full
The
figures in
appear in our regular article on earnings, but
lines,
particularly in the fact
JXai/ 14, 1886.
Received by
SMpped bv
W. T. Banka. N. T. Bankt.
Set Interior
Movement.
n,194,000
»483,000
Gain..
tTlSi.OOO
»1, 194,000
$482,000
Gain..
8712.000
Qold
Total Kold and lesal tenders
we may
The above shows the actual changes in the bank holdand currency caused by this movement to and
that the gain
from the interior. In addition to that movement the banks
say that they are marked by the same characteristics as
the American
Weekendtno
cent.
ings of gold
in gross so largely counts as a gain also in net, expenses
have gained $1,000,000 through the operations of the Subhaving increased but slightly, where they have not actually
Treasury.
Adding that item to the above, we have the
decreased, showing that the gain is chiefly the result of
following, which should indicate the total gain to the New
higher rates. In fact, in the case of the Canadian lines, this
York Clearing House banks of gold and currency for
feature is even more marked than on our own lines.
the week covered by the bank statement to be issued to-day.
Thus on the Grand Trunk proper the gain of £34,302 in
It is always to be remembered, however, that the bank
gross for the quarter, was accompanied by a decrease of
statement is a statement of averages for the week, whereas
£20,938 in expenses, making the increase in the net
the figures below should reflect the condition of the banks
£55,240, which as the net a year ago was only £118,297,
at the close of business yesterday (Friday).
represents an increase of nearly 50 per cent.
On the
Wet Change in
Chicago line (Chicago & Grand Trunk) there was an
Wuk enMnt May 14, 1888.
Into Banks. Out 0/ Banka.
increase of £2,946 in the gross and £5,193 in the net, so
that the latter which in 1885 had been £16,611, were this
year £21,804.
The
Detroit.
Grand Haven
&
Milwaukee,
Bank Holdings.
Ban^' InterlorMovement, as above
Sub-Treas. operations
Total Kold and
lettal
tenders....
6,900,000
t4S2,000
5,900,000
18,094,000
I8,3S2,000
11,191,000
1712.000
Gain.. 1,000,000
Gain..
Gain..»l,ri8,000
I
Mat
THE CHRONICLE.
18, 1886.]
England reports a decrease of £1,238,531
This represents £863,000 aen^
bullion for the week.
The Bank of
sent
,531
to the interior.
and
£375,
abroad
France gained 45,606,000 francs gold and 8,366,000
francs silver, and the Bank of Germany, since the last
The followreport, shows an increase of 5,780,000 marks.
The Bank
of
ing indicates the
pean banks
this
amount of bullion in the principal Euroweek and at the corresponding date last
Silver.
a
26,442,942
19,799.419
54,866,063 45,353,179 43,089,287 42,583,291
18,362,592 16,233,808 13,367,700 16,338,300
Total this wo«k
Total previous week
93,028,074 01,636,987 82,899,929 58,921,591
9Z.289,275!61.166,573 82,653,486 58,244,968
The Assay
...
Office paid
$208,137 through the Sub-Treas-
ury for domestic bullion during the week, and the Assistant
Treasurer received the following from the Custom House.
institution of the
'
Lion'i
" mouth,' into
which any charge against the railway com" panies, however absurd or unfounded, might be dropped
Duiiet.
Date.
XT.
eold.
$256,832 62
7.
119,811
375,857
450,121
212.492
225,630
8
10.
11JO.
13.
44
77
02
67
10
$1,670,745 62
Total
Silver Oer-
HfleaUi.
$174,000
110,000
260,000
308,000
162.000
133,000
$26,000
7.000
24,000
78,000
12,000
36,000
$52,000
30,000
86,000
56,000
35,000
43,000
$24,500 $1,150,000
$183,000
$307,000
in the a bove
Inchided
Bold
Oertifle'i.
8.
NoUl.
$5,000
2,000
4,500
3,000
3,000
2,000
what
similar
to
is
made
the nature of the complaints
As already
those we have
?
said,
against
they are almost preciselj
so frequently heard in this
Excessive rates of transportation is the predominant cry, but along with this there come all the other ills,
such as unjust discrimination against particular trades, or
goods, or
localities,
heavier rates for short than for long
more favorable charges on foreign than on
home goods and produce, the giving of preferential rates
distances,
to
through as against
local
traffic,
payments were $7,500 in
silver
coin, c hiefly standai •d dollars.
remedy
made
that
for these evils, admitted that
is
many
to
of
provide a
the points
against the railroads were unfounded, but he seemed
to think that
it
could fairly be claimed that the companies
had paid too much attention to cultivating the heavier
and larger trades, and not enough to cultivating the
smaller trades and commerce.
He also unhesitatingly
declares that "equal mileage rates " are an impossibility,
and fortifies his assertion by showing that that was the
conclusion reached by all the various Commissions that
have from time to time gone into the subject. He finds,
however, that the local
THE RAILWAY QUESTION' IN ENGLAND.
Mr. Mnndella,
&c.
President of the Board of Trade (a Government department), in introducing the measure
OontitHng of—
"
have been regarded by the
commerce and tra<le aaso-
of
country.
Bank of England
Bank ot France
Bank of Qeruiany
It
to
fussy chambers
" ciationa aa a sort of revived
14, 1885.
aoUi.
£
"
The Commission appears
" busy and
the railroads
Silver.
Bold.
"
"
Now
Hay
Matf 13, 1886.
••
Royal CommiMion on Trade Depreuion bu been Urgelj
used to this end, and in a degree and manner that hai
prompted the Railway News in its iwue of May 1 to say:
" with impunity."
year.
•fay
689
traffic
is
not always sufficiently
considered, and that in cases where there
is
little
or
no
Those who imagine that the United States is the only competition rates are not infrequently too high.
As
country that is confronted with the problem of how to bearing upon much the same point, and as showing how
deal with its railroads (or system of internal transporta- other countries are beset with like difficulties, it may be
tion), so as to show proper regard for the capital invested mentioned that in France the same problem is up for disin the same,
and yet promote the growth and welfare
There French manufacturers complain that the
through rates from England to Germany and Italy are so
that such growth may not be retarded, will find interest- low that they cannot compete with the English manufacing food for reflection in the discussion and excitement turers in the German and Italian markets.
aroused in Great Britain by the proposal to amend the
Of course it is not difficult to understand the causes
fundamental law with reference to railroads and canals. that have led up to this crusade against the railroads.
its
industrial
Many
this
interests, or
at
us are accustomed to think
of
of
that difficulties in
regard are peculiar to ourselves, and are owing to our
great extent of territory and
But
cussion.
least afford the assurance
large
amount
how
of mileage.
secret of the movement is found no doubt in the
unparalled trade depression through which Great Britain
The
now and
for several
years past has
been passing.
It is
hard to form an adequate conception of the nature of
complaints and troubles that have arisen in the mother this depression.
Excepting a few short spurts of activity
it
is
really surprising
to
note
similar are the
country.
of temporary duration,
trade has been bad in the king-
have become chronic, and as
tion is nothing new in Great Britain, though we have each succeeding season passes and no relief is experi]t)een so absorbed in our own complications that we have
enced, the gloom increases, the outlook becomes darker,
not always kept sight of the fact; but the particular and the situation worse and worse. Having formerly had
phase that the matter has now assumed is really quite a monopoly of the markets of the world, now British
unusual there. We confess to not a little surprise at the manufacturers must meet competition everywhere, the
Agitation of the question of railroad rates and regula-
virulence of the opposition
itself
against
the
that has latterly manifested
railroads.
In
this
country
accustomed to that sort of thing, because there
of politicians
who never miss an opportunity
we
is
are
a class
to declaim
dom
so long as almost
Germans
goods.
to
especially being
At
the same time
active
in supplanting English
the prostration of business in
other countries has reacted on England,
since
as the
subject to outside influences, while the adverse agricultural outturn at home for
world's centre
it
is
peculiarly
and corporate wealth; but in Great
where there is no prejudice against organized so many seasons has been a further drawback. Concur,
capital, and where moneyed interests are supposed to be rently with all this prices have depreciated till now in
It stands
especially favored or at least protected, such a spectacle some cases they are the lowest of the century.
is rare.
The bitterness of the feeling against the rail- to reason that under such conditions, goods and
against corporations
Britain,
roads seems to be intense.
All the commercial
ills
of the
materials can not bear the
old transporUtion charges.
kingdom are charged upon the heads of railroad mana. The English producer sees, or thinks he sees, that the
gers.
Every occasion is taken by individuals and mer- carrying interest is getting an undue share of the total
cantile and trade
associations
to make and renew cost of the product, and accordingly he is determined
complaints against these transportation bodies.
The that there shall be a readjustment, which determina-
THE CHRONICLE.
590
when he
[Vol.
XMI.
Thus only £48,000,000 pays nothing, while the average
is 4^ per cent.
In the United States, accordrailroad companies are in the habit of charging difEerent ing to Poor, the amount paid out for dividends in 1884
shippers widely difEerent rates.
In the United Stales, was $93,244,835, while the total of outstanding stock was
probably hastened by the increase of competition, the $3,762,610,686, which would give an average of about
decline in rates, as a result of business depression and 2^ per cent on the whole amount.
Tuat is to say,
sinking values, has been enormous, but in England English railways capitalized at $200,000 a mile pay over
railway managers have been slower to act, being less 4 cent on their stock, while United States railways
amenable to public opinion at least, they were till the capitalized at $61,000 a mile yield only about 2^ per cent.
ti6n
most
is
that for
the
assuredly
same
.
not
kind
altered,
and
finds
the
service
of
class
on the whole
—
present
An
controversy arose.
excellent illustration of
the effects of the depreciation in values
seen in the case
is
After
As
all
therefore English railways are not so badly
to the bill itself,
which
is
off.
to deal with the matter in
of coal, which is claimed to be one of the articles that is its various forms, it is certainly a very radical measure.
unduly burdened with high rates. In 1873 (according to The present commissioners are to be superseded by a new
the Railway News) the exports of coal were 12,077,000 Commission or Court, composed of three members and
tons
of
in
;
over
1884 they had risen to 22,354,000
10:1^
tons in the 11
million
million tons exported in 1873
tons, a
gain
years; but the 12
had a value
of £12,370,000,
vested with great and transcendent powers.
Commissioners
business, but
are
to
be
laymen,
the Chief Commissioner
Two of
men
practical
is
to be a
the
of
Judge
while the 22 million tons exported in 1884 had a value of of the High Court, and is to have the exclusive right
only £10,255,448, an actual decline in value (on exports to decide questions of law. The lay members will
nearly doubled) of £2,115,000.
In the face of such be the same for all the three kingdoms, but the Chief
may
Commissioner
will be changed, so that the Commission
under an English judge in England, a Scottish
tion to the cost of other items.
judge in Scotland, and an Irish judge in Ireland. The
It is to be remembered however that the railroads of Commission is to be a permanent Court of
Record,
Great Britain in one respect at least are not well situated and its orders are to be enforced the same as if they were
for making low rates that is, they are capitalized so much a judgment or order of a superior court to the same
figures, it is easy to believe that there
the claim that the cost of transportation
be ground for
is
out of propor-
will sit
—
more heavily than
Mr. Mun- effect. Its jurisdiction is to extend to pretty nearly
and gives some interesting everything connected with railroads, such as deciding quesbearing on that point.
Referring to the fact tions of undue preference (that is discrimination), dis-
della alludes to
statistics
those of other countries.
this
feature,
that comparisons are often instituted between the rates of
English and foreign railways, he justly declares that in
putes about rates or
facilities,
tolls,
enforce provisions as to
traffic
order companies to furnish accommodations re-
such comparisons allowance should always be made for quired of them for the public, settle complaints of a conthe disparity in the cost between the two. As illustrating travention of special or other acts, and even award
one of the influences responsible for this disparity, Mr. damages. And, as if to make the power conferred comMundella goes on to say " No doubt this House has done plete and absolute, there is to be no appeal from any de" something to increase the cost of
Commissioners upon any question of
making English rail" ways, and no doubt the land owners have also contribu" ted to incr^se that cost." Here are the figures which
the British Board of Trade has prepared, showing the
cision
relative cost per mile of railways in difEerent countries.
porated in the
of
the
fact,
nor from any decision regarding the locus standi of a
On
complainant.
to a Superior
questions of
Court of Appeal.
bill
requires
law an appeal will lie
Another provision incor-
railroad companies, within
twelve months after the passage of the
Counlnj.
TTnlted
Kingdom
Per mile.
12,000
28,000
21,000
France
Germany
shows
Per mile.
« 12,000 Russia
Brltiali Colonies
This
Country.
under
£15,000
United States
13,000
13,000
12,000
India
Canada
what an enormous disadvantage
compared with the railways of
British railways labor, as
act, to submit to
Trade a revised classiScation of their rates
and charges, including the amounts of terminals. The
Board of Trade is to give publicity to this schedule, and
hear objections to the same, and then frame such a schedule as appears just and reasonable to the Board, which
is thereupon to be embodied in a provisional order and
submitted to Parliament.
But the Board is to have the
right to amend or change the rates at any time by further
the Board of
Of course there is tHe question of den.
and population also to be taken into considprovisional orders.
eration, but Mr. Mundella did not go into that portion of
The railroads very naturally oppose this measure with
the inquiry.
It is clear, however, that the advantage on
vigor, and special meetings of all the leading comthe side of density would have to be very great to over. great
balance the disadvantage from heavier capitalization. panies have been held to protest against it, creating altoThe cost of £42,000 (or over $200,000) per mile com- gether an amount of commotion that is quite unusual.
railroad employes have had a meeting to express
pares with a cost of £13,000 for the United States, and Even the
fear that the bill would operate to their detriment by
the
the latter includes a large amount of water, too. When
we come to the matter of dividends, however, though the causing the companies to cut down their working force
and require longer hours and pay smaller wages. Some
rate is not high, yet on the other hand it is not low, and
the objections made by the companies are hardly
considering the low interest rates which have prevailed in of
tenable, but there is certainly force in their complaint that
England, the average received must be considered very
are to have no representative on the Commission, and
satisfactory.
After stating that preference dividends they
railroad
range from 4 to 4.^ per cent, Mr. Mundella gives the fol- that the Board of Trade, unaided by experience in
with the intricacies
lowing figures of the dividends on the ordinary capital of management, is not competent to deal
of a rate classification and revision. Whether the measure
about 300 million pounds sterling.
will pass into law cannot be stated, as the uncertainties
*48,000,000 pays nothing.
other countries.
sity of traflac
8.000,000 pays under I per cent.
14,500,000 pays above 1 and not over 2.
9,500,000 pays 2 and not over 3.
98.000.000 pays 3 and not over 4.
70,000,000 pays 4 and not over 5.
•5,000,000 paj« 5 and not oyer 6.
£60,000,000 pays
6
8,800,000 pays
1,000,000 pays
7
8
and not over
7.
8.
"
"
"
9.
"
10.
30,000 pays 12
and over
1,512,000 pays 15 per cent.
13.
1,22«.000 pays
9
"
••
connected with Mr. Gladstone's
have much
ever, of the
to
Home
do with the matter.
temper on
Rule proposals will
It is significant,
this question of
how-
the public and the
two great parties that Mr. Mundella states that the more
i
Hat
16, 1886.
THE CHaONICLE.
J
important provUions of the
bill
were embraced
ure prepared by his predecessor ia
office
in a meas-
(belonging to the
party), and which the latter in some shape
would ultimately have submitted to Parliament.
We may refer to one other duty assigned to the Board
The Board is not only to consider the question
of Trade.
of rate classification, but may hear complaints, in which
case it is to act as a sort of intermediary between the
In other words, the Board will
railroad and the shipper.
act as an independent body between opposing interests,
and seek to effect a reconciliation by a species of arbiOf course, if the eilort fails, resort can always be
tration.
had to the Commission, but it is thought that the Board
opposition
way be
will in this
idea
that
many
able to accomplish
much
beokuse they are characterized by unanimity and enthQ*
We have had our own experience of such demoO'
siasm.
Time was when Liverpool, Maochester,
Glaigow, Birmmgham, and other populous centree, rung
loud with sympathy for the South.
It
diflBcult— it
strations.
wu
—
was impossible for a time for a man whose lympathies
were with the Union to have a hearing from any Britiab
platform.
When Mr. Beecher, then in the zenith of his
popularity and power, went to Liverpool, he was literally
refused a hearing.
but
was only
it
dexterous
the
At Glasgow he bad better success,
much coaxing and by-play, and by
after
use
of
marvelous oratorical
bis
gifts.
commend itself to us then. It
we knew it was unenlightened. It is
British sentiment did not
The could
good.
things can thus be adjusted amicably,
o»l
not, because
every case, that sympathy or sentiment,
and the investigations being conducted impartially the or whatever for the time we may call it, should be
conclusions of the Board can be made to influence the intelligent.
is,
The
railroads through the force of public opinion.
has certainly worked well in the United States.
that
is
the reason
why
it
Mr. Mundella stating that
is
now proposed
it is
in
England
The
dis
position has been to pooh-pooh this part of the measure,
but
we have no doubt
the plan can be
abroad as here, as public opinion
is
made
We have no
idea
Indeed,
copied from us.
well, therefore, in
as effective
a powerful element and
well-nigh irresistible.
been for many generations a most distressed and
unhappy country. Many of her children have found
refuge here, and have obtained the comfort which the
has
home
AMERICAX SENTIMENT AND HOME RULE.
fault to find with these demonstrations so
have indicated a kindly feeling towards Ireland.
We are naturally a generous and liberty-loving
people.
We are in sympathy with the distressed and
down-trodden everywhere. Whatever the cause, Ireland
far as they
land denied
them.
Irish
suffering has to a large
extent saturated American feeling;
and all Americans
by recent demonstrations, the Homo- have ever been willing to join in the prayer for better
Kule-for-Ireland question has become an absorbing topic times for Ireland.
In these columns we have again and
of interest in the United States quite as much as in any again had encouraging words for Mr. Gladstone in his
part of Her Majesty's dominions.
We do not feel efforts for the pacification of Ireland, and for the better-
we
If
are to judge
surprised that Mr. Gladstone should point with satisfaction
ing of the condition of the Irish people. His disestablishsympathy which his measure has called forth here. ment of the Irish Church, his various land measures, hia
In the meeting which -was held at the Academy of Music attempt at University reform, all won our approval. We
on the evening of Friday week, in the meeting which was waited, with some anxiety we admit, for his Home Rule
held on the Monday following in Brooklyn, as indeed in measure.
It seemed to us that some measure of Home
all the meetings which have been held throughout the Rule was possible.
To us Mr. Gladstone's bill has been a
Union to endorse Mr. Gladstone's measure and the Home disappointment not, as we have said, because we were
to the
—
Rule
movement
At
extreme.
generally,
the
enthusiasm
New
has
been
opposed
to
Home
Rule, but
because Mr. Gladstone's plaa
evil which it is
was absolute unity of sentiment. The intended to remove.
We have not been surprised
solitary attempt which was made to create division was with the
opposition which it has called forth in
put down in such a manner as to leave no doubt as to the England, Scotland
and in the northeastern counfeeling of the people assembled there.
ties of Ireland.
We have no faith or hope that such
Such unanimity and such enthusiasm are not to count a plan as Mr. Gladstone proposes would work, if his bill
for nothing.
Our people are united to those of Great were carried; and that it will be carried in its present
Britain and Ireland by many ties.
There are the ties of shape we have no hope at all. What has surprised us ia
a common origin, of a common language, of common the New York and other demonstrations has not been, as
laws, and of political and religious institutions substan- we have said already, the good feelmg for Ireland and
tially the same.
There are also the numerous and power- the Irish people, but the blind and unreasoning approval
the great meeting in
York, as at that
will,
our
in
judgment, aggravate the
in Brooklyn, there
ful
ties
begotten of our close and multiplied commercial
of
Mr.
Gladstone's measure.
Mr. Tilden, in his
letter,
Governor Abbott, Senator Sherman, in.
States and the inhabitants of the British Isles are a unit. their speeches, all seem equally ignorant of the charLargely we have the same feelings, are animated by the acter and contents of the bill, except that it was a bill
same purposes, and are guided by the same high principles. the object of which was to secure Home Rule for Ireland.
In many essentials the people of the United
relations.
Governor
Hill,
may arise, as between members They never seem to have asked themselves the questioa.
same family; but we are never indifferent to each whether Home Rule was compatible with the provisions
Such demonstrations, therefore, as those to which of such a bill.
Jealousies and bickerings
of the
other.
—
We are not now concerned with the welfare or integrity
meaning they are
mere sentimental and evanescent of the Queen's dominions but it deserves to be noted that
outbursts; and Mr. Gladstone is not to be blamed if he Home Rule is, according to Mr. Gladstone himself, to be
finds encouragement in American applause.
made compatible with the integrity of the empire. Yet
It does not follow from these meetings, however, that Mr. Gladstone's biU in its present shape completely cuts
Is it
this sentiment is quite so general as it seems or that it is the connection between Ireland and Westminster.
right.
Feeling is not necessarily intelligent.
It is very conceivable that Ireland, if she were let loose from Engoften the reverse.
Sympathy land on such terms as Mr. Gladstone proposes, would conIt needs to be guided.
we have
referred are not without their
not to be set
down
as
;
out in the wrong direction. It may thus tinue to recognize English supremacy, as represented
Noisy demonstrations such as those in New by a Viceregal Lodge in Dublin, by the payment
YDrSr, Brooklyn and elsewhere are not necessarily right of a heavy annual sum to the Crown, by the preaeoc*
may
flow
mislead.
—
Receiver of Customs,
Imperial
diery and of alien constabulary
?
would be multiplied
of
It
Under such an arrangement
able.
'
THE CHRONICLE.
592
of an
..
an alien
sol-
not conceiv-
is
causes
irritating
and discontent would be greater
;
near the end ml
is
[Vol. XLII,
flie
crop season,
when
not large ami
when the total movemen t
come in great part
also the receipis
not from tha piamtfttions but from the interior towns, the
increase is of tssa importance than it otherwise would be.
strange to find intelligent Another fact of some moment with Southern roads has
American gentlemen approving of a measure which is been the decline in the price of cotton. Under the lower
fashioned after no known model, which they would never price, planters of course Have received less for their prothink of applying in any conceivable circumstances inside duce and consequently have had less to spend.
The
the Union, and which ignores the essential principle of effect in some districts has been to diminish the volume of
all free government,
"No taxation without representa- trade and as a result the volume of traffic over the railtion."
Home Rule, after the model of the United States, roads. Yet in those districts where the New Orleans
with its Federal and State legislatures would have com- Exposition was not an influence a year ago and notably
mended itself. Something might have been said of the on the Atlantic Coast the returns as a rule are comgrand committees which some one has suggested com- paratively quite good, though naturally the increase is
than ever.
It
indeed
is
—
mittees which should
their
sit in
—
—
respective countries, say
generally small.
and in Edinburgh, and if need were in London
Bearing in mind ail these circumstances, the general
when Parliament was not in session. But Mr. Gladstone's exhibit of earnings for April, though not favorable, is
bill is unlike anything ever invented by the genius of yet, as said, better than could have been expected.
The
man a pure experiment to be accepted wholly on faith net amount of gain is not materially different from what
in the great name of its f ramer.
our table showed in the previous month, and reaches
about $175,000. In February the gain had been nearly a
RAILROAD EARNINGS IN APRIL,
FROM million and a quarter, but that was in large part because
JANUARY 1 TO APRIL 30.
the conditions this year had been unusually favorable to
The April statement of earnings is not altogether the railroads and in the previous year exceptionally unfavin Dublin
—
AND
—
favorable that is, the increase is only nominal in amount,
and we are comparing with a period a year ago when the
showing was rather poor. And yet all things considering
there is no reason to complain of the result, for that
special class of roads from which the most was expected
namely the roads in the Middle Western section, which
had the benefits of the higher trunk line rates have done
quite well, and as for the others the conditions were not
—
Prominent among the adverse influences was the
became less and
in the Southwest, which, however,
disturbing feature as
yet interrupted
commoded
and
all
some
in
for
strike
less a
to the district contiguous or
to St. Louis, for indirectly
tributary
affected all the roads having
it
passing through, that district.
Then the general labor troubles were another decidedly
trafiic
—not
so
much
those that
generally
the
April earnings had been exceptionally good.
out this
threatening
the present and
deterrent
strict
effect
their
upon
attitude
assumed
future,
exercised
trade, causing business
operations
and making
so reducing the volume of
last, and that 1885
showing a decrease.
traffic
men
to re-
capital cautious,
and
fact
be noticed that
will
the years preceding the
was the
and only one
first
1880 (50 roads).
1881 (4'V roBds).
1882(56 roads).
1883161 roads).
(la roads).
1884
Apr.,
Apr., 1888(51 roads).
Apr., 1886 (67 roads).
Apr.,
Apr.,
Apr.,
Apr.,
favorable exhibit in the table
with conspicuously bad
results are certain Southern companies like the Louisville
lines
Tear
Year
Olven.
Precedtng.
Qivin.
Preceding.
Miiet.
Miles.
31,165
45,318
47,438
26,833
39,534
43,253
36,85tf
45.513
48,893
%
i
»
15,0>0,425
11,883,414 Inc. 3,197,011
14,7'J7,976
11,792,323
21,451,862
20,810,740
19,307,589 Inc. 1.533,171
33,147
15,272,777
14,018,603 Inc. 1,251.174
44,149
17,466,84'(
18,412.743 Bjc.
94S,893
47,-ilO
17,482,081
17,806,5191 Inc.
175,53*
IM.
2,935,853
18,560.283 Inc. 2,891,577
TVe now give our usual detailed statement of the
earnings and mileage, this and last year, for each road.
OROSg EARNINGS AND Mn.GAOB IN APRIL.
of Road.
18S6.
$
previous year (lasting till June 1) exercised. It is true that
taking the South as a whole, the cotton movement
this
1885.
Deeream.
$
182,558
103,083
211,tJ35
794,0.10
24->,457
tJ92,14I
95,954
572,^80
135,741
92,152
591,637
116,066
Oliic.MUw.ifeSt.Pau!.
1,761,001:
OhloaKO N. irtli west.
Ohio. 8t P.Minn,
Ohlc. & West Miou....
cm. lud. St. L. &01i..
Cln. N.O. & Tex. Pac.
Alabama Gt. South.
N. 0. & North East.
Vickalt ,& .Meridian.
1,741,600
1,927,264
1,770,829
—163,261
-29.229
464,892
119,521
+ 3,508
&
Pitlsb..
Buff. Rocli.
No.
Hurl. Ced. Kap.
&
Canadian Pacific
OliicaRO cS Alton
Ohio. & Eastern 111....
&
&0
Vicksb. «h.
Wash.
&
•469,400
108,278
192,o3h
201,3.51
88,87-J
4n,948
37,505
& Pac.
Bait....
Cleve. Akron & Col...
Col. Hock. V. & Tol..
Cin.
Deny.
A
Rio Grande,
Gulf Col.
& Santa
l,"!
Fe.
Ul. Cent. (111. Div.)...
(So. Div.)...
(towa lines)
Do
Do
Ind. Bloom.
are
I
&
Wesi
.
For four weeks ended
15,428
157,622
434,89«
276,302
126,900
171.483
9110
294
990
+ 101,859
+ 3,802
3,527
3,064
490
849
+ 19,675
251
4,932
3,948
1,339
490
849
251
— 19,057
-11,243
663
4,801
3,843
1,318
413
342
336
295
196
170
281
141
-1,121
324
+ 36,123
-82
1,317
1,317
368
li:i
108.!*42
—5.974
-10,603
53,947
16S,812
+ 162
+32,441
368
143
261
146
361
30.9 J3
1,141,911
8^.I3
+ 4,059
+ 73.517
23,346
o4,10!>
663
291
—33,822
+ 107
32.05it
135,181)
201,253
35,532
+ 16,042
+ 7,945
+ 6,897
194,008
82.831
63,299
31,2>t;
6-1,000
— 25.U4
413
342
336
295
196
142
170
281
144
324
180,99SI
142,077
41,^88
165,730
485.782
22.441
9«,33h
1885.
1886.
%
198,600
77,989
BafiFaloN.Y,& Phil..
<St
the
mil age.
Gro»» EarninqK.
Name
Rio Gr. West.
Nashville and the Southern Division of the Illinois Denv,&
De« Moines & Ft, »,..
No.
Detroit
Lans'g
Central, which in the first place are contending against
Evausv.itT. Haute.
Marij..
Flint
&
Pere
increased competition and in the second place miss the
Ft. Worth & Denv. C.
tGraud Trunk of Can.
favoring effects which the New Orleans Exposition in
we
Increase or
Decreate.
rear
&
year was considerably heavier than in 1885, but
as
Bartitngs.
Year
Central Iowa
over the railroads.
be noticed that Northwestern roads
make the least
The only other
as a whole
below.
will
in
It
all
Mileaae.
FtHoi.
a general
—
it
To bring
summary of the
present the following
by
At the same time, the roads in the West had to contend
with a diminished movement of grain the receipts of
flour, wheat, and corn all falling much below a year ago.
Chicago suffered most from this contraction in the grain
movement, and
we
fact,
April exhibits for seven years.
employees everywhere; for these circumstances, involving as they did so many uncertainties reto
was remarked above that
poor, and that this
;
operatives and
lating
It
diminished the significance of the present gain
while
should not be forgotten that prior to 1885 the
actually
occurred during the month, as those that were feared with
the concerted strike for eight hours on the first of May,
and
the reverse was the case, there
this is true, it
St. Louis,
minor importance blocked
The influence of the strike
special cases of
railroad business altogether.
unfavorable feature
when
over a million.
the April earnings in 1885 had been
a time, and seriously in
the roads running in and out of
connections with, or
in January,
;
loss of
month progressed, but which
the
operations
was not confined
was a
the gains were very heavy in
such as to encourage large earnings.
,
orable
41,181
160,851
44<t.659
68.0i2
28,415
451,6t3
338,07
-
12-,3::9
iiifl
Hon
+ 11,540
+ 10,343
+ 6,041
-16,3.51
+ 5.446
+72,186
— 16,795
-61,771
-429
+1
n>)3
14',:
261
146
361
144
2.tlr
655
953
711
40;
n
(
no
2,918
536
953
711
402
S13
May 1
1
1
.
May
.
THE CHRONICLE
15, 1886.]
UUtag*.
Qroti Earningt.
A'ame oj road.
188&.
1880.
Inereast or
1885
1886.
Dtenate.
8
S
St.Loiils
•43,r,9J
202,082i
130.278>
201.7121
3H.591
LoulHvllUi >b NiiHbv. ..
Louis. N. O. A Texas.
Unrc). Iloiiitli. ii Ou..
01)8.600
l,158.l>M0i
C. Kt. ». * Uiiir.
Kuii. V.B\t. .SeMeiu...
L»nir
2iia,.|4S
124,SIO^
Idliiiul
Kv.
•LoiiIh.
a
—
WeHt..
Nurtb..
187,48fl
;Hi!Xli-iin CiMitrtil
'Mi'XU'iiii Niitioiinl...
Mllw. L.
Sli.
&
1.52
1.52
+4.363
—5,283
— 192.0;>9
389
asa
351
253
389
282
S5l
253
2,015
2,065
+ 8.309
455
160
455
160
1,236
1.236
N53
533
220
528
830
480
220
828
51
51
373
50
+ 15.1.'.6
+4.008
86.161
22.6 l,^
01.470
32.'d3l
aii.a-^si
+ 6.662
19.456
26,118
DecHtiir &8II....I
Kan
+ U,68(i
+ 2.008
3i>H,;jin
131.6S0
111.570
47.071
.
+16.113
+45,915
+ 4.806
52,830
128.216
12.111
128.12-1
-182
32,603
aO),712
in. 121
+9,511
-49.109
'JIS.257
198, 16''
Noitlioiii Pacitio
Oliiit Sotilliuru
•Peoriii l)«r.AEviina\
987.922
877,665
31.01 S
31.871
3fi,809
KloU. & 1)1111 vUle
Char. Col. A .\ue....
Coluuibiii A Ui'v...
Virginia Midland ..
West. No. Carolina
310,800
51,467
41.162
127.604
39.S15
H9.70i
78,519
41.002
Hllwiiiilct'K ii
MoWIt" AOlilo
N. Y. Cliv .v Niirih'n.
N. Y. Out. .t Wrsfu.
Morrulk A Wi).sterQ...
8t. Jost'iili
St. L. A.A
Do do
A
fid. Is!..
r.H.m.Uut
(l>runclie«i).
Louis A San Prau
Pan! A UnUitU....
Paul .Minn. A Man.
Texas A »t. Louis
Tol.AnuA.AN. Mioh.
Wab. 8t. LouirtA Pao.
•Wlaoonslu Central...
8t.
Bt.
8t.
Total (67 roads)
..
138
815
225
—100,708
+5.607
1,470
1,470
735
+ 112
+ 160,162
61
2,207
735
61
2.207
418
418
— 17,2.;6
95,7451
55.09H:
352.1")3
61.69
712.408
68.055
20.563
867.877
86,260
+ 1,283
17.182,081 17,306.549
+ 175,532
326.030
+77,370
403,100
OregouR'way ANav.
225
t-3,510
+ 3,189
+ 13,798
7.^.907;
1,023.330
87,543
+ 35,796
(-39.703
+ 1,639
+ 1.681
36.65«
611.700
73.662
20.705
-14.097
—20.602
128
251
774
363
291
353
274
252
195
138
871
+2,19'
124.0911
2.453
128
2,741
— 1,791
29.68
301,097
52.828
39,131
331. ^91
97.492
.
321
503
+ 49.739
+ 110.257
254
774
363
291
353
274
252
19.-1
48,898 47,710
+ 252.902
il7.835.18l 17.632.579
Grand total
•Includes three weeKs only of April in each year.
1 Mexican currency.
a EaruinjTS of We^it Shore trains south ol Cornwall no longer included.
Beyond what has been
comment to make upon
It
said above, there
gratifying to note that the
is
the Cincinnati Washington
in any
rates,
special
is little
the figures of individual roads.
&
Grand Trunk
Baltimore, and
of Canada,
all
the roads
way dependent upon the maintenance of trunk
show more or less improvement in earnings.
specially satisfactory feature
Traffic
A
that roads of this class
sit-
covered
—the
Association — so generally record
uated in Ohio, Indiana and
by the Central
is,
line
territory
Illinois
The large gain reported
same mileage in both
(figures
based
on
the
"Wabash
the
by
The loss by the Alton &
years) is also worthy of remark.
Terre Haute was of course occasioned by the strike at St.
better results than a year ago.
693
The Canadian
Northern Pacific
however,
latter,
ID(I.
1
Ptusiflc
is
still
has a Urge gain, but that of th«
ThU
larger, reaching .$110,000.
only a partial recovery o( the previous
is
which had been $.5>J3,8tO. The St. Paul k
1885 had lost $3I,G61, now has an
increase of $33,796, and this is one of the roads that is
doing exceptionally well. In part, no doubt, both it and the
Northern Pacific have been benefltted by the larger receipts
of wheat at Daluth, which for the live weeks ended May 1
foot up 1,322,637 bushels this year, against only 337,581
year's loss,
Dulutb, which in
bushels in the corresponding
week
of
1835, a) the (ollonr-
ing table will show.
BEOBIPTS OF rU>UB AND GRAIN rOR FfTB WBBKS BSDBD MAT
AND riNCE JABUART t.
FUmr,
Wktat,
Com,
OaU,
ibbla.)
(5iuh.)
(tnuk.)
(bU4h.)
888,191
1.317.181
8.l5-i.715
BarUv,
(bmh.i
1,
(bmh.)
CTUcoflO—
6wk»., Apr. 1H««
411.S48
5<rks., .Apr. 1889
Since Jan.
SInco Jan.
1.12.1.885
i.»as,o-2u
15.:l39.'.!«l
19.298.931
5 wks.. Apr.. 1886
2.878.B38
841,003
5 wks.. Apr.. 1883 1,I00.H87
3,851,985
5 wks.. Apr., 1884
a'>a,'i83
2,140,7.'i4
'.36
2.H98,738
Since Jan. 1,
9,201,--JS0
Since Jan. 1, '85 3,049,5311 17.888,418
blnce Jan. 1, '81 2.835,1681 9.882,721
8.768.493
1.
'85.
779.806
2,(191,813!
611.070
9,S^,ll4i 4.029.M28
9,718.921 3,023,016
5,14.),7!l»
1.788.8H;)
5.781.583
1. '8fl.
2.73»,f01
18.01S
lUl.ilM
U3«.110
130M0
MUvjaukee—
B wk9.. Apr.. 1680
Bwka., Apr., 1836
Since Jan.
8lDce Jan.
St.
I,
'88.
1, '85.
LoxiU—
wk8.. Apr., 188(1
5 wk».. Apr.. 1885
Since Jan. 1. '86.
Since Jan. 1. '85.
Toledo—
5 wk8., Apr., 188«
6wks.,Apr., I88S
Since Jan. 1, '86.
eince Jan. 1, '85.
Detrott—
5wk9., Apr..l886
5 wks.. Apr.. 1885
Since Jan. '., '88.
Since Jan. 1. '85.
Cleoeian4—
5 wks., Apr.. 1886
6 wka.. Apr., 1885
Since Jan. 1. '8fl.
Since Jan. 1, '85.
Peoria—
S wki., Apr.. 1888
S wks.. Apr., 1885
Since Jan. 1. '8H.
Since Jan. 1, '85.
Dulutk5 wks., Apr., 1886
5 wks.. Apr., I8S5
Since Jan.
Since Jan.
1.
1,
'88
'85
Total 0/ (ill1.562,480
4,739.880
1.191.047
5.659.70.'! 5.-35,-'14
3'(,314,07.i l.'i.5-il.98:
970,828
145.127
2S4.I90
214.0B7
8.798,885:
5K5.-443
9,3(15,783
9.38,9»1
931.720
37.897,738 18.071,783 5,981.l51i
38.408,50i.l7.104.428; 4.417,58-Jl t.006,133
Louis, the branches particularly having suffered on that
"With reference to S juthern road?, the gAeral remarks
account.
Northwest the roads, as stated, have not
done so well. The Manitoba has a large loss, in addition
to a loss a year ago, and the St. Paul, the Northwest, the
Cedar Rapids & Northern and most of the minor roads in
In
the
above
sufficiently explain the influences at
give our table of the
movement
ports without further remarks.
&
work,
so
we
of cotton at the Southern
It
should perhaps be said
much influenced by
show more or less decrease. With the condition of the mining industries along its line, has a
these roads the war which prevailed for part of the very good statement of earnings, and down in Texas the
month, under which the rate from St. Paul to Chicago Gulf Colorado & Santa Fe has almost doubled its earnings.
dropped to 10 cents par 100 lbs., was an unfavorable in- EB0EIPT8 OP COTTON AT SOUTHERN PORTS IN APRIL, AND FROM
JANDARV 1 TO APRIL 30, 1886, 1885 AND 1881.
fluence, aside from the effect upon earnings of the smaller
that the Norfolk
Western, which
is
the same section also
As
grain movement.
to the latter, the extent of the fall-
Slnc« January
Apra.
ing
off
can be seen from the following table of the receipts
Ports.
1886.
during the month at Chicago in the
only of grain but also of provisions.
that in cutmeats
which, however,
last three years,
It will
increase,
as nothing to the decline in flour
bales
and
4,033
137
118
48.790
86,327
28,010
3,305
1,616
272
1,583
6,098
1,768
15,887
e,9W
Wilmington
Morehead City. &c.
S8,«ee
1,037
18,78C
1.067
8,493
401
Norfolk
37,481
New
Orleans
MobUe
Florida
grain.
ofi in
For the four months ended
grain reaches nearly 10 million bushels, and in flour
over \^ million barrels.
BECEIPTS AT CHICAGO DUKING
AI'RIL
AND SINCE JAN.
1.
Brunswick, Ao...
Charleston
Port Boyal, &o...
West Point,
JaH.lto Aprasa.
&c...
Total
188S.
65,171
88
300
4.107
3,418
8,933
93,115
1,417
396.110
49,335
35,136
107,386
1,118
69,418
88S
393
4SI
1,531
0.188
88,e«3
10,950
«,e«3
19,831
17
8,317
1.766
187.071
71.906
«6.a03
Indlanota, &c.....
Savannah
April 30 the falling
"147.838
33,460
Galveston
be observed
and lard there has been some
is
not
1888.
1884.
1886.
517.033
80,191
15,1
iTB.goe
118
8,3118
L
188^
J3e,38e
831
403.143
S3,W1
I7,l«7
106,390
LlflS
86,679
3,801
14,a31
1,690
9joe
14<K488
81.1
108,871
41.503
1,311,793
879,818
1.010,088
3.339
lei.oos
3,780
9B,8n
though there are
26 roads with diminished earnings, yet the balano is on
the side of those having an increase, but of course it is
For the four months ended April
»7.<2«.9ia
1,791.56»
10,912
37.6S7."fll
not heavy.
The
Louisville
Nashville has the largest
and the Southern Division of the
amount
The Canadian Pacific baa
Illinois Central comes next.
of decrease,
2S.1S3.H14
I.lSl.'lOS
&
30,
the biggest increase.
The following
is
the table.
.
.
.....
,
J
. ...
OBOSS BAKNING8 FROM JANUAKY 1 TO APRIL 30.
Name of Boad.
1885.
1886.
Increage.
[Vol. XLII.
GROSS AND KET EARNIMG8 TO LATEST DATES.
March.
Name of Road.
Deereate.
1886.
s
Buffalo N.Y.& Phil....
Buffalo Rocli. &. Pitts.
Burl. Cedar Rap. & No.
.
Canadian Pacific
Central Iowa
Chicago & Alton
Chic. 3s Eastern Illinois.
Chicago Milw. & St.Paul
Chicago
& Northwest
. .
Ohic.8t.P.Minn.& Omaha
& West Mich.
Cin. Ind. St. L.
. .
& Chio...
Cin.New Orl.& Tex.Pac.
Alabama
New
Gt. South'n.
Orleans & No. B..
& Meridian.
Vieksburs
Viclisburg Sh. & Pac.
Cin. Wash. & Baltimore.
Cleve. Altron & Col
Col. Hock. Val. & Tol...
Denver •& Bio Grande
Denver & Kio Gr. West.
Des Moines Ft.Dodge.
. .
<fe
Detroit Lansing
&
No.
.
Evansv. &
Flint & Pere Marquette
Ft. Worth & Denv. City.
JGrandTr. of Canada...
Gull Col. & Santa Fe
T.
Haute
.
m.
. .
Central (Id. Div.)....
Do
Do
(South. Div.)
(Iowa
Div.)..
Indiana. Bloom. & West.
Didlanap. Dec.& Spring.
Kan. City Ft. S. & Gulf.
Kan. City Sp. & Mem...
Ix)ng Island
•Loviisv. Evansv. &St.L.
A
Louisville
NaslivUle..
Louisville N. O. & Tex..
Marq. Houghton k Ont.
{Mexican Central
tMexicau National
Mtlw. L.Shore A West'n.
Milwaukee & Northern.
Mobile &Ohio
New York City & No.
1,562,211
372,786
778,173
814,026
383,375
258,716
146,923
112,822
602,440
116,475
711,118
1.741,770
263,671
114,168
346,358
212,399
600,312
110,437
4,637,1.58
356,775
1,971,537
1,577,702
487,157
733,051
105,088
863,611
591,755
666,913
193,892
4,694,272
393,949
84,307
1,270,247
532,467
358,729
179,008
685,559
121,920
492,682
844,420
2,692,823
1,881,025
1,274,076
495,859
753.378
124,977
786,260
448,408
701,844
230,646
4.166,792
521,468
10.»,939
1,249,932
Paul & Duluth
Paul Minn. & Man...
Xexas <& St. Louis
Wabash
3,919,98.^
3,861.977
398,095
119.489
. .
N. y. Ontario & West'n.
Norfolk & Western
Northern Pacifio
Ohio Southern
•Peoria Deo. & Evansv..
Richmond & Danville.
.
Char. Col. & Augusta.
& Greenville
Virginia Midland
West. Nor. Carolina...
St. Joseph & Gr'd Island
Col.
L.A.&T.H. main line
Do do (branches)
St.
.
Louis
& 8. Francisco.
St. L. &. Pao.
'Wisconsin C!entral
.
143,1155
Grand
total
.
306,555
& Nav
.*
69,209
19,852
105,393
410,203
63,887,786
Het increase
Atch. Top. &S. Fe.. Gross. 1,309,352 1,346,135
Net...
576,698 629,476
& Potom Gross. 10ti,507 122,S39
Net...
39,216
54,606
Buff. N. Y. & Phlla. Gross.
204,743 188,989
Net...
39,281
44.58 i
Burl. Ced. E. & No. Gross.
241,H43 272,869
Net...
81,283;
83,083
Canadian Pacific.. Gross. 835,765 48H,896
Net.,.
134,205
128,527
Chesap. <fc Ohio
Gross.
338,154 268,77."^
Net.
116,927
63,419
Eliz. Lex. &B. S.. Gross.
71,ii81
53,307
Net...
29,459
11,280
Chea. Ohio&S. W.. Gross.
139,004 128,528
Net...
52,921
38.054
Chicago Burl, jt Q.. Gross. 2,223,414 2,639,110
Net... 1,085,66 1,381,940
Cin. Ind. St. L. & C. Gross.
228,209 221,186
Net...
93,519
88,635
Clevel'd & Canton. Gross
28,709
24,400
Net...
9,557
4,905
Dayton & Ironton . Gross.
20,580
"2,927
172,362
41,111
64',228
15,622
162,902
41,349
37,738
43,884
22,520
37.300
16,861
4.468
Includes three
weem only ol,April
9,898
'li',918
7,158
Net...
Gro68.
Net...
Denver & Rio G. W. Gross.
Net...
Des Moines & Ft.D. .Gross.
Net...
E.Tenn. Va.&Ga.. .Gross.
Net...
Ft Worth* Den. C. .Grcss.
Net...
Denver & Rio Gr.
109,155
640
261,358
236,610
89,912
303,626
8,702
20,327
19,889
77,381
143,347
110,852
546,078
89,791
627,054
161.751
1,621,581
250.303
872,561
258,890
197,193
59,870
369,900
117,875
5,440,410
2,306,219
623,372
240,813
71,169
15,665
62,208
3,230
1,329,833
409,416
211,45^
58,823
81,829
19.102
Tr. of Can.. .Gross.
Net...
Ohio. & Grand Tr .Gross.
Net...
Det. Gr. H. ife M. .Gross.
Net...
527,180
127,519
25,632
"26I315
11,950
138,344
16,138
.
Green B. W.& St. P. .Gross.
Net...
98,251
Louisv. N. O.
& Tex. Gross.
Net...
37.833
139,654
Memphis
& Charl.
. . .
t
Gross
"4,946
"2,259
8,933
20,438
2,916
49,012
111', 802
103,554
58,00e
& Northwest Gross
Net...
Gross
Mobile & Ohio
Net...
Nash. Chat. & St. L.. Gross.
Net.
*N.Y.L.E. & W... .Gross.
Net...
N. Y. & New Eng.... Gross.
Net...
Norfolk & Western. -Gross
Minn.
.
.
Not...
Northern Central. Gross.
Net...
Gross.
NortbeTU Paclflo
Net.
Ohio & Mississippi ..Gross.
Net...
Gross.
Oregon Imp. Co
. .
21,394
2,103,3. »1
67,994,728 2,996,449
893,058
2,103,391
245,764
48,582
51,879
31, -.52
.
59,630
35,447
21,088
278,618
80,829
57,763
15,598
31,113
4,86b
S
35,404
13,621
128,040
23,985
115,171
344,087
100,440
31, 22
12.209
144,687
28,460
187,350
72,470
Net...
2,322
491,462
179,853
69,336
8,277
32,818
10,655
324,401
84,715
Net...
18,678
61,152
496
497,183
190,326
83,868
27,136
31,478
10,161
344,023
81.486
23.799
6,926
Mexican Central... Gross.
121,840
227,78."
def.
1,009,441
308,704
71,215
23,875
3ii,276
14,339
£
Grand
34,931
38,751
66,892,215 2,773,189
1,102,513 22j,260
—
Net
Pennsylvania
&
.
£
9,137
16,409
3,333
ig.'i.ais
858,116
40it,0a2
305.759
87,359
186,029
36,963
.55,698
12,342
25,351
2,201
109,874
22,101
426,998
94,901
336,569
109,2521
11,5721
360.1781
83,2:i9
938,543
323,255
183,027
190,956
459,062
101,198
557,521
219.532
.16,334
1S6,737
7.^,667
4,876,311
1,151,250
860,021
361,137
263,931
98,63b
298,647
718,003
282,931
220.41t<
86,171
488,360
228,405
691,6 li
237,138
341,591
86.146
225,527
29,797
1,291,2311
515,785:
1,932,686:
621,822:
854,H69i
203,840
565,435
71,130
10,872,866
3,521,925
742,496
304,511
6,300,941
2,333,562
1,054,169
2,722,512
df.14,150 (1f.486,259
123,287
395,088
26,812
120,565
118,6Ho
278,811
55,168
136,792
Net... l,305,7gO 1,161,109
each year.
*
2)0,640 260,460
136,624 102,383
2,296,118 1,919,502
627,26:<
851,985
1.081,376
dri72,842
152,827
51,043
112,436
6.5,187
175,584
9,445
2,712
tlef.
1,292,111
350,984
195,589
13,181
85.753
21,839
1,064,180
290,877
79,514
34,059
702.016
118,297
138,234
16,611
47.288
7,073
307,788
54,979
351,765
6,573
961,856
465,696
557,131
148,019
546,642
221,441
4,255,590
770,602
720,451
221,923
645.952
262,438
1,276,625
532,956
1,815.158
518,155
909,770
182,083
669,501
110,612
9,9?8,5fl6
2,9%2,172
690,677
226,132
5,560,513
1,870,930
2,868,880
df. 115.187
330,692
72,705
289.693
108,068
225,918
102,728
578,750
81,597
671,079
266,785
51.932
27,243
338,715
113,100
13,146
def. 2,002
142,039
68,092
1,050,32J
280,023
143,653
71.534
971,673
353,068
def. 2,775
45,637
19,763
332,618
73,390
7,314
def. 4,945
63,221
Texas
Net...
13,697
627,120
Atlantic system. ..Gross.
. .
492,911
81,172
698,625
17H,047
1,313,237
280,379
779.779
177,813
157,630
41,180
356.232
93,018
6,23^,509
2,743,158
597,174
209,208
66.672
10,014
9
1,793,221 1,568,523
519.355
320,832
119,724
277.307
120,932
460,147
3,526,581
1,485,908
315,152
116.224
£.
736,318
173,537
141,180
21,804
(all lines east
Erle)..Gro.ss 3,901,855 3,635,374
Phlladelp'a & Erie ..Gross.
Net...
Mexican ourreucy.
t To May 2.
Phlla. & Reading. ...Gross
a Earnings of West Shore trains south of Cornwall no longer Included
Net...
P. & R. Coal Si Iron .Gross.
Net...
Our statement of net earnings this time covers March
Rome Wat. & Og.... Gross
and the first quarter of the year. Results are rather mixed
Net...
St. Jo. & Gd. Isl'd... Gross.
though on the whole not unsatisfactory. The Chicago BurNet...
Southern Pacific Co.—
lington & Quincy, the Union an(i Southern Pacific and the
Galv. Har. & S. A. Gross
Not...
Atchison Topeka & Santa Fe have done rather poorly.
G. W. Tex. & Pac. Gross.
Net...
On the other hand the Eastern trunk lines, like the Erie,
Louisiana West'n Gross.
Net...
the Pennsylvania, and the Grand Trunk of Canada, have
Morgan's La. &T. Gross.
Net...
made large gains. The Ohio & Mississippi also has larger net
N. Y. Tex. & Mex.. Gross.
Net...
than in 1885, and the increase on that road in March,
& New Orl. .Gross.
in
1,324,084
301,404
1
19,467
73,845
15,787
Mar. 31.
1885.
3,228,9ri2
.
5,121
42,205
olPittsb.
*
to
1886.
Baltimore
206,279
1.297,202
289,993
251,161
449,587
141,509
365,600
40H,753
254,457
1,323,958
261,941
2,115,761
Total (66 roads)
Oregon Railway
Jan. 1
1885.
$
675,469
360,154
944,082
2,005,378
391,788
2,156,645
199,078
6,871,228
6,749.851
714,678
380,006
838,689
2,415,581
388,861
2,284,283
540,189
6.807,000
6,734,232
1,725,113
417,135
815.911
857,910
378,251
216,511
169,443
150,122
619.301
150,913
691,651
1,815,615
279,488
101,270
358,276
219,557
709,797
109,797
4,901,516
593,385
514,117
497,073
195,146
587,308
159,753
a353,028
966.260
2,920,608
161,733
203,957
1,358,354
285,047
253,420
410,654
161,947
368,516
347,123
219,010
1,302,870
310,953
2,033,959
410,109
8t.
St.
St.
1
!
THE CHRONICLE.
594
Chicago
1
1
2!»,1«4
def. 6,880
215,289
75,513
33,072
092,108
276,143
220,573
87,458
80,834
view of the
2,028,650 2,009.978
89,68(i
778,845
501,66
Net...
interruptions to traffic at St. Louis caused by the South
5.017,378 5,214,416
Gross. 1.954,208 l,97.'i,517
Union Pacifio
1.58!^, 224
1,232,141
western strike in that month. Among Southern roads
Net...
627,587 720,919
209.169
223,566
91,04fi
82,104
Gross.
Jersey
West
the Chesapeake & Ohio system shows very considerable
62.086
72,538
36,131
Not...
38.307
* Including 68 per cent o( earuiuas and entire working eicpenses ol
improvement, and so do the Norfolk & Western and the
currency.
Mexican
Ohio
Railroail.
York
Pennsylvania
&
New
the
Memphis & Charleston, but the Mobile & Ohio and the
Jan. 1 to Feb. 28.
February.
NAME OF Road.
Nashville Chattanooga & St. Louis fall behind 1885. Among
1885.
1886.
1885.
1886.
the other roads with improved net receipts, are the Cin-
though
small,
is
especially
noteworthy,
in
=>
t
cinnati
Indianapolis
St.
Louis
&
Chicago,
the
Rome
Watertown & Ogdensburg, the Denver & Rio Grande and
Rio Grande Western, the New York & New England,
the Northern Pacific, the
Grand
Island.
the Baltimore
Reading and the
St.
Joseph
Among those with diminished totals
& Potomac, the Mexican Central and
Northern Central. Below are
furnishing monthly exhibits.
full
returns for
all
&
are
the
roads
18,576
73,719
47,055
9,654
California Southern. Gross.
def. 23,722
Net... def. 1,614
2,013,703
Gross. 1.193.145 917,16s 1,998,954!
1 Central Pacific
721,316 421,314 1,055,697 1,0.11,395
Net...
578,25.)
537,016
292,520 2iS0,015
Clev, Col.Cin. & Ind. Gross.
y.^,636
149,8811
83,510
31,826
Net...
293,616
410,865
185,839 114,937
Houst. &Tex. Cent.. Gross.
Net... det. 5,191 df. 22.115 def. 7,015 def. 42,280
368,919
374,176
135,720
Qrobs.
187,049
Maine Central
89,043
87,779
62,566
52,110
Net...
191,(118
217,580
89.600
104,330
Oregon Short Line .Gross.
def. 7
3,076
55,531
60,487
25,u:o
32.686
Smbracee the i,65U miles north of Goshen.
Net
Peoria Dec.
t
& Ev
..
Gross.
Net...
14,335
115,105M.27]
21,657
116,807
53.617
.
May
.
1
:
:
THE (JHRONICLE.
15, 1880.]
^anttixm^^ommtvcivLl Jgugltolt litems
on
WeduMday
from 8
BATES OF EXOHANOB AT LONDON AND ON LONDON
AT LATEST DATES.
XOBANeB AT LOSDOS-Apr.
On-
:
30
.
BaU.
ntiM.
MXOBAirea on londos
"»»«•
•B«<«.
Apr.
Apr.
Short.
12-06
Apr.
Apr.
Apr.
«20'S7
»12-77»s Apr.
Short.
20ii
aSe!
S96
last
and on February
was carried out
Ftiruary\l.
7-daT
£
23.5HiJ»15
CIroiilatlOD, oxoludloK
•
"''"rbllUi
')8lt«
'
AuiMtiM'iUiiu
aiiort.
luus.
3
HHiiibiux..
Berlin
12
«l<2-2
I
.
»!»»
Friinkfort..
20•.^4
Vienna
127.S
12-75
Trlnste
Antweri>
.-
20'41
204 I
1262
312"7»»
26-37ia*a512'* Apr. 20 Short.
2338»';3>4
Apr. 28! 3 mos.
2K-V9
234t
Short. 25-l,ii4»2.5-l7>«| Apr. 291 Short.
2513
.
8t. Petersb'if
Purls
Paris
OiMioa
02058
3 mos. 25-32ia*25-37'«
25-47 ia»2.'5-52is
...
Mmlrld...
C;lli2
45''eal5^
Apr. 29 3 mos.
46-50
,
52=8»52>s
Dem'd
U.llrill!a
N«w
Is. 5i3ie<i.
Is. 513i8<i.
York...
HoHK Kong.
BhauKhal.
. .
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
11100
29 3 mos.
3U rel. t'rs
30
30 SO days
30 4 mos.
30
l8. Si3.iod.
Is. 533.,(1,
4-87
38. S'sd.
4b. 7'sd.
own oorrespondeut.j
London, Saturday, May 1, 1886.
It was considered far from improbable by those competent
to form an opinion on tlie subject tliat the Bank of England
directors would advance the rate, but the meetinj? passed over
without any change being made, and an examination of the
weekly return showed that no more necessity existed for
making an alteration than was the case a week ago. But for
[From
all that,
it
very clear that the position has of late been so
that an advance in the rate would have been
is
perfectly justitiable.
quite true that just now the demand for money is very
moderate but it is equally patent to all who examine the
It is
;
Bank of England has now very little margin
with which to work. The accumulation of resources, which
was a striking feature a year ago, is not being reproduced
Both at London and New York the unemployed balances are
very considerably below what they were at this time in 1885.
Although the absorption of coin has been gradual, it has been
none the less sure, with the result that balances have been
brought down to a level suggesting, if not necessitating, precautionary measures. The apathy of the Bank directors in
returns that the
declining to
make any movement
this
week
is
possibly ex-
plained by the absence of any speculative inquiry for capital
but there can be no doubting the fact that money is being
quietly diverted from the chief centres of accumulation, and
c
004-
I—
...
30,007, 2(ll»
67H,430-f
14,904,382
a,444,7S5-
2'^,753,297
tollabUitiea. 48-50 P.O.
2
'
l,30O,8M—
Ton
41'4Bp. V.
2 P.O.
p. c.
a^.
p.
Au examination of the above comparison shows very olearljthat the demand for money has been steadily improving,
whilst the resources have been decreasing pari passu.
Discount business during the past two days has been conducted on firm lines.
Transactions have been arranged on
terms fully up to the level of the Bank rate, and have been subject to any change which may be determined upon on Thursday next. The high prices at which the Treasury bills were
allotted clearly indicate the changing conditions of the market;
two per cent has at the same time been freely paid for dayto-day loans.
The
money have been
rates for
otir
much weakened
Inertmt* ^
or deertaM,—
April 27.
24,187,663
13,744,070
— "iiritles
I
iOoi •20-.W
20&.>
the redaction
6,2'l'r,(iH
uudooln.
• 12-3
3 moa.
Anistfinliiiii
when
17th,
to 2 per oent
as follows
:
tnUntaOmHA
Open marUtt ratu.
far dtpoMU bt
Trade
London
Dltc'tWrn
Thrtt
Four
Six
Tkru JVmr
MarUha Hontht iKonthi Ifontlu JUont h •
^
Mar.se
3
Apr.
••
9
"
16
88
30
"
•'
.
Bttlt.
I
/o4n(
At 7(014
aioek
ir<m(A< Banlu. OoU. X>att.
Ms
I
I
i>0-i«ia-a ® -1502 ,2 a2Hi2««3
IM9 - 19^3 - 1«« - l«a2 ,2 »»H »^<'«8X
i«<a - 1«» - 1«» -iH»:t nnvm »««««
1X9 - 1«9 -2 9- 1H92 \i 9Sii »«»8
iMaiH 2 8 -12 s - 2 a3»4 2M«3X was
2H9 -'2H» -SH9 -2H» -8H» -axas
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, the
price of middling upland cotton and wheat, and the Bankers'
Clearing House return, compared with the three previous
years
1888.
Circulation,
1884.
£
£
1683.
£
se.ass.ns
24,694,815| 24,594^30
other bills
Public deposits
other deposits
26,750,385
7,174.31
8,896,915
7,468,671!
22,443,1531 26,451,016 24,255,373
14,5S3,49S 14,402.165 12,438,202
20,683,098 20,764.276 21,481,963
GoTOrnment
securities
other securities
Reserve of notes and coin
Coin and bullion
Reserre to liabilities
Bank
1885.
excluding 7-day and
14,884.917
33.015,919
10,481,159
12,437,647
18,933,907
15,325,617
21,402,462
41-45
28,878.247
35.335.909 21,010,877
3p.
rate
Consols
English wheat, average price
Ulddllng Upland cotton
No. 40mule twist
Clear! ng-House return
7.036,860
lill,53S.S3S
c.
100 15-16d.
SOa. lid.
SOH p. C.
P.O.
34 P.O.
SHV-C
SHPO.
8 P.O.
9SMd.|
aes.sd.
101«d.
87s. 3d
5 7-l«d.
9Hd.|
5 ll-16d.
5 S-l«d.
9%d.
Wd.
49M
43s. Od.
I
4 U-lSd
SMd.
ea.Tst.ooo 106.253.000 129.768.000 181.094.000
any extra demand might result in an
The Bank rate of discount and open market rates at the
unsettlement not altogether unembarrassing. The Continental
chief Continental cities now and for the previous three week
exchanges are by no means too firm. Gold is going though have been as follows:
to be sure only in driblets— to Paris, but a few sales of stock
ilprUS.
Atril 15
April t2.
^prii 29.
here on French account would turn the exchange more disKataef
Inttrat
at
tinctly against us. Outside quotations recently have very
Bank 0p«n Batik 0p«n Bonk Opm BonJi 0H»
ItaU. MarM, BaU. Market BaU. Marlut Bate. Market
closely approximated to tlie ofllcial rate, from which it is evi8
8
3
3M
2K
2M
dent that the open market is becoming bare of supplies. This Paris
8
a
>M
8
3
1«
IM
Berlin
feature is so apparent that the anticipations of an advance in
3
IM
s
8
3
8
Frankfort
S
IM
the rate were pretty general, and it would be idle to deny that Hamburg
3
IK
8
IN
8
IN
3W
8
Hi
2Wi
the decision on the part of the Bank authorities has not been Amsterdain„....
the sudden accession of
—
m
m
attended by disappointment.
year ago the Bank rate was 3J^ per cent, and the position
was immeasurably stronger than it is now. It is quite true
that the rate wa.s then maintained from a fear that the political
excitement on the Russian question might culminate in commercial disaster. But is the political horizon just now entirely
free from threatening clouds ? Are we not exposed to frequent repetitions of spasms of anxiety on account of Greece,
and is there not ground for the fear that a flame once Ignited
in that quarter may lead to events the outcome of which it is
impossible to foresee?
Compared with a year ago, the Bank
of England now liolds about £5,777,000 less reserve, and the
stock of bullion shows a falling off of £5,470,000.
The aggregate deposits lield also are about £5,400,000 less, and in the
proportion of reserve to liabilities there is a diflference against
the current year of about 9 per cent.
It must at the same
time be allowed that whatever variation may have occurred
in the commercial position is in favor of this year. Consequently, witlithe prospect of an improving demand for money,
it seems quite important that means should be taken to pre
vent any furtlier depletion of banking resources. The accompanying compai'isoQ shows the position of the Bank of England
A
3
4
4
5
3
Bmsaols
Madrid
Vtanna
4
St. Pfltersbarg..
4
4
5
Copenhagen.
3«
..
&
4«
3«
SH
««
iH
3i<
9H
*W
4
4
3
5
4
4
5
tn
4W
4
5
4
8
3>t
an
8^
an
8«
4
B
Abell write as follows on the state of the
Messrs. Pixley
bullion market
Gold -There Is a moderate demand for gold for Paris, iind the arrivals
have been tiken lor that iinurtor, as well as «55,0O0 withdrawn from
tha Bank. Sovereigns to the value of £120,000, froiu Australia, have
been sent in. The arrivals comorise £ 145,000 from Australia. *-<0,C00
from Central America and £ 0,000 from the Cape-total, «235,«>0O.
Silver— A further deoUuo has taken place In bars, buslnes-s h tvlnf
been very slack In India, ovriag to the holidays. The nearest <iUi)tatlon
slnf* our
wecan give to-day Is 461 ind. per oz. The amounts received New
York
last are not of much Importance. Ther are £20.000 from
and £1 1,000 from Australia-total. £31,000. The Tasmania h»« taken
Tamar
£31.000
the
£18.300 and the Hohllla £40,000 to Bombay, and
to the Brazils.
.. , _,..fc.« h,^
,
Mexican Dollars-Withont any arrivals to influence the market. t»e
price remains iiulte nominal.
The quotations for bullion are reported as follows:
,
.
OOLD.
•.
d.
77
iMdon
2i.|
I
StcmdarS.
1
UprO
AprA M.
19.
*
d.
*.
Bar gold, flns.. os. 77 9M
Bar gold, contaln'g
SOdwt*. llTer.oi. 77 11
Span, doabloou.ot.
S.Am.donhlooii»,oi.l
SILTBB.
1
London ;»andard. April 39 AprU
Barsllver
9W
o^
1
«.
«« 1-H
«IM
Bar stiTer.oontaln-
1
«BH
Ui(5gra.gold..o«. 46 7-11
Till
1
!
ot- 49
Cake silver
Maxloan doli...a«.
«M
11-lS
<
e
:
,
THE CHRONICLE.
596
Tenders for £3,000,000 Treasury bills have been received by
Bank of England. The allotments were in bills at three
months, £1,200,000, and six months, £800,000. Tenders for
bills at three months at £99 9s. Id. and above received in full,
and for bills at six months at £98 los. 3d, about 57 per cent,
above in full. The average rate for the three-months' bills
was 3 per cent, and for the six months £3 73. 9)^d. per cent.
Tenders have been received for a South Australian Government four per cent loan for £1,333,400, and they amounted to
£3,711,500, at prices ranging from the minimum of 99 to 103.
'Tenders at £99 6s. will receive about 95 per cent of the
amount applied for, and those above that price in full. The
average price was about £99 93. 6d. per cent.
Commercially the week has been destitute of any important
event. The Easter holidays have proved a hindrance to fresh
business but the position generally, as regards hardware and
woolen and cotton goods, may be accepted as being the same
as a week ago.
Business in the grain trade during the week has been very
The Easter holidays have also checked operations,
quiet.
and have rather accentuated the dulness of the market,
already sufficiently apparent. "Wheat has been about the same
in value. Fresh supplies were short, both from home and
foreign sources, but they were equal to the demand, which
has at no time been characterized by any semblance of activity.
Whilst buyers have been very sparing in their purchases,
factors have shown no eagerness to force sales in fact, from
their attitude, they seem to have adopted the opinion that the
lowest level of prices has been reached. The returns from the
principal markets show a slightly higher average, that for the
past week being 30s. lid. per qr.; but the average for the
season is still very low— namely, 30s. 5d,, against 33s. 7d. per
qr. last season— a difference of 3s. 3d. per qr.
There is no
—
the
;
special feature at present influencing the trade.
The following return shows the extent of the imports of
cereal produce into the United Kingdom during the first
thirty-four weeks of the season, the sales of home-grown
produce, the average prices realizad, and other items, com-
pared with
last
season
:
tMPOBTS.
1885-6
1881-5.
1883-4
owt. 30,857,415 32,1<>4,876 34,303.789
7,9S9,0i6 10,779.291 11,405,927
6,241,620
7,180,411
7,717.665
1,374,957
1,220,684
1.122,169
2,060.587
2,220,246
1,643,085
18,730,^33 16,002,014 17,6')9,735
8,700,335 11.010,818 10,010.175
Wlieat
Barley
Oats
Peas
Beans
Indian corn
Flour
Supplies available for consumption in
(exclusive of stocks on September 1)
1885-86.
^ . o-vrt.30,857,4
Imports of. wheat,
15
Imports of flour
8,700,335
Sales of home-grown.. 30,250,993
^
Total
69.803,745
week and $6,568,683 two weeks previous. The
following are the imports at New York for the week ending
dry goods) May 6, and for the week ending (for general
merchandise) May 7; also totals since the beginning of the
$6,116,031 last
(for
ftret
week
in January:
ll,881,filG
Dry Goods
weeks
Dry Goods
Q«n'lmer'dlse..
s.
Total 18 weeks. $162,702,824 $158,064,815 $132,736,276 *1 54,157,345
In our report of the dry goods 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 11, 1888, and from January 1, 1836, to date
BXPOBT8 FROM
1834-85.
1883-84.
Av'ge
Price
d.
Sales.
d.
_
Av'ge
Price
-.
For the week...
totals for the
1883-81.
29,550,182
afloat to the
quantity of wheat, flour and maize
United Kingdom is shown in the following statement:
Kour,equaltoqr8
Maize
qrs.
201.000
291,000
Last weelc.
1,859,000
211,000
321,000
EnsIUb Financial
Prev. reported..
1884
2,91(1.000
1.963 000
2H2.000
322.000
ITIarKets— Per
267000
152000
Cable.
daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending May 14Sat.
Mon.
I
Tues.
Wed.
Thurs.
1885,
$1,806,350
95,993,273
Pri.
1886
$7,102,216
108,477.649
$5,803,162
95,062,237
Total 18 weeks. $1 25.090,700 $100.799,623 $115,579,365 $100,955,359
The following
table
shows the exports and imports of specie
for the week ending May 8. and
and for the correspondinsr
in
e periods
r
»-
New York
at the port of
since Jan. 1, 1886,
1885 and 1884:
.
BXPOBT8 AND IMPORTS OP 8PB0IB AT
HBW
Exports.
TOBR.
Imports.
Ooia.
Week.
iJreat Britain
Prance
Glermany
$334,326
1,836,610
Week.
Since Jan. I
$7,121,444
11,559,657
899,789
3,758,770
7,731
llexlco
South America
Ml other oonntrtes. .
r«tal 1886.
Total 1885.
Total 1884.
106330
500
485,604
331,198
12,112
$2,308 801 824,209,162
5,28->.976
490.396
51,779 36,036,035
$20,343
46.955
139,831
11,535
Since Jan.l.
$193,687
1,127,313
717,092
438,451
13,852
135,437
5,944
$2,631,776
4,860,114
3,240,869
Silver.
Jreat Britain
ff^est
$210,000
,106,264
18"<,577
Indies
26,850
86,603
""16
39,816
36,673
1,496
163
43
354,034
48,514
171,777
3,143
$211,210
488 256
205,434
$4,481,783
6,124,943
5,389,364
$37,782
37,537
57,778
1,586,999
i]2c6
35,443
680
ilexlao
Total 1886.
Total 1885.
Total 1884.
$577,546
587,787
Of the above imports for the week in 1886, $13,776 were
American gold coin and $9,334 American silver coin. Of the
exports during the same time $33,953 were American gold
com and .^ilO American silver coin.
United States Sub-Treasnry.—The following table shows
the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the past week :
Balances.
Date.
May
10
"
11
"
"
12
13
14
"
Receipts.
1,269.875
1.145,123
2,0)0.527
963,813
1,037,554
891,495
8
"
Total..
Last year.
The
London.
1884
$6,473,956
118,611.744
d
1884-85.
30,361,945
The
1,881,000
NBW TORK FOR THH WEEK.
1883,
3onth America
411 other countries.
1885-86.
owt. 30,250,995
At present.
$7,982,917
$14,531,293
109,626,052
84.033,652
Converting quarters of wheat into cwts., the
whole kingdom are estimated as follows:
qrs.
$6,020,940
$37,163,353
95,572,923
29,847^800
2,109,002 30 5 2,116,737 32 7 1,060,140 39
2,795,192 29 3 2,831.624 31 8 3.005,671 32 4
330.217 18 11 363,354 19 11
295,685 1911
_„,„„^
Wheat
$9,297,571
73,864,146
compared
1886
$1,667,649
6,315,293
$14,830,215
113,234,630
73,567,639
:
1885
$1,425,096
4,595,844
$17,969,055
114,733,769
3erman7
season, together with the average prices realized,
with the previous season
Wheat, qrs.
Barley
Oats
$1,282,414
7,915,157
$8,472,805
1882-83.
42.543 067
11 642'78>
Sales.
$1.706.'637
eVanoe
The following statement shows the extent of the sales of
home-grown wheat, barley and oats in the principal markets
of England and Wales during the first thirty-four weeks of the
Sales.
1884.
6,766.168
Total
Since Jan. 1
1883-34.
31,305,789
10,010,175
29.550,182
Av'ge
Price
1883.
Qeii'lmer'dise..
9.582,610
1,425 472
1,785'395
12,532 668
11,6421785
thirty-four
NEW TORK.
POBEIOK IMPORTg AT
For Week.
SVest Indies
1882-3
42,543 0S7
XLn.
Imports and Exports for thk Week.— The imports of last
week, compared with those of the preceding week, show a
decrease in both dry goods and general merchandise.
The total imports were $7,983,947, against .$8,917,335 the preceding week and $8,030,190 two weeks previous. The exports
for the week ended May 11 amounted to $5,893,163, against
1884-85.
32,194.876
11,010,818
30,361,945
1885-86.
[Vol.
'
(S>ammtxciKl ana mtsciellaa egxts %txos
;
_^
Wheat^
—
.
.
I
7,313,331
Payments.
[Coin
Oerl's.\
1,166,611 128.8^8,632 57,188,050
128,771.0201 57,337,350
911,474'123, 797,767 57,515,200
1, -200,833
971,616 128,811.'iOll 57.591,320
2,071,886 128,780,9041 57,646.2'JO
1,300,399 128,335,033 58,182,900
Ourreney.
13,413,917
13.215.381
14,180.910
14.035.5S2
13.029 687
12,529,900
7,622,3591.
New York & New England —Boston
Hartford & Erie.
That the old Boston Hartford & Erie stockholders will ever
overthrow the proceedings by which the present New York
and New England company holds its title, seems to be finallydecided in the negative by the recent decision of the U. S.
Supreme Court.
the United States
The following is the press dispatch giving
Supreme Court decision:
No. 223— William F, Graham and Amelia Teresa Raymond, appellants,
the Boston Hartford Sc Erie Railroad Company, et al., appeal from
the Circuit Court of the United States for the District of Massachusetts.
This is a bill in Equity lilod in the Circuit Court for tlie District of Maspaohusctts hv Graham, the owner of 500 shares of the capital stock of
the Boston Hartford & Erie Railroad Company, to set aside as invalid
a mortgage given by the Company covering its ratlrond franchise and
property to Robert H. Berdell, Dudley 8. Gregory andJohn C. Bancroft Davis (the Boston Hartford & Erie Railroad Company) as trustees, to secure the payment of an issue of bonds of the company to the
amount of $i0, 000,010. Tlio case was hoard upon four separate demurrers to the bill. Among th« causes of demurrer were want of
equity, lachesand -want of .jnrisdiotion in the Court. The ground upon
which the Court was asked to set aside t he mortgage was tliat it was
made and authorized at a meeting of the shareholders held in New
York, and that the corporation being created by the laws of other
asjt.
per oz
Consols for money
Consols for account
Silver,
4578
4513,6
lOOlSie 10015,
lOOiSie 10H,„
Fr'ch rentes (In Paris) tr 82-25
82-2712
tJ. 8. 4ia9of 1891
11438
114%
U.S. 4b of 1907
12814
12818
Canadian Paolflo
6SS8
64%
Chlo. Mil. & St. Paul....
8738
Erie, common stock....
2413
24 »8
Illinois Central
140
140%
Pennsylvania
55
5514
Philadelphia & Readlni; 12
1218
Sew Vorte Central
10338
1041^
d.
45i3ie 4508
4538
45
1013,6 101B,8 10if>,„ 1015,8
101 14
10138
1015,8 ion,,
82-60 82-60 82-75 82-75
11414
1143g
1141«
1141a
128% I28I4 12838 12838
64=8
64 58
647a
64%
87
8738
88%
88
2438
2458
25%
25
140i{i
14012
141
140%
54'8
54%
55
Ilia
11^8
ll's
1134
10338
103°8
10138 |103-'a
[
f
:
Mat
New
and not of
597
New York & Now Jersey.— At a meetini? of the stockholders
New Jersey road, 6,000 shares common
of the New York
stock voted to raise a fund by assessment to press a suit
to set iiside the consolidation with the Hackensack road and
prevent the isstie of a new second mortgage bond.
&
—
Peniisylrania Railroad. The announcement was made on
Wednesday that the Pennsylvania Railroad directors had
aj^ecd to increase
its
capital stock 4 per cent, the increase
amounting to 13.791,114, or 75,833 shares. The issu'^ is based
upon an allotment of 4 per cent upon the total capital stock,
which
now- $04,777,850, The resolution of the directors io
i,s
found
in
our advertising columns.
c—
Commissioner E, T. Allen
Qiiiney Missouri & Paci 11
sold the Qaincy Missouri
Pacific Railroad this week under a
decree of foreclosure. This has been a leased line of the Wabash from August 21, 1879, until a short time since. After the
road was leased to the Wabash, bonds to the amount of
$1,900,000 were sold, and a deed of trust given to secure them.
The company defaulted on them July 1, 1884. Mr. Allen
called for bids and received only one, which was from E'lwin
Parsons, of the purchasing committee, which consisted of
Chas. S. Gillette, E. Parsons and John Paton. Mr. P.irsong
bid :fl,000,Ono, and, as no otliers were received, the road was
&
sold to
him
Wabash St Lonis & Paciflc—Mr. O.
Wabash Purchasing Committee,
D. Ashley, Secretary
says " So far from
having abandoned the plan of reorganization of the Wabash
Company, the purchasing committee have been successful in
carrying it through in every respect. The stock has been
nearly all subscribed and the money paid in, and the road has
been bought by the purchasing committee. The other steps
necessary to complete the reorganization will be taken as
rapidly as the circumstances will permit. Within ten days
the committee will submit propositions to the holders of
mortgages east of the Mississippi River, asking a reduction of
interest to 5 per cent, and offering at the same time new
sheets of coupons for either twenty-five or fifty years, the
bonds retaining their present security and r.ink. This arrangement will, if carried through, enable the new company to
resume interest payments by August or September. Many of
the bondholders have already been consulted, and the propositions have been favorably received.
Most of these bonds
mature within three or four years, and it is considered a great
advantage to exchange for a long obligation at 5 per cent
under the same mortgage. The pamphlet of the committee,
which will be printed for circulation among the bondholders,
will give the reasons which have guided them in asking this
concession."— i)o?«, Jones dfCo.'s letter, May 13.
—Attention is called to the notice of the first mortgage
bonds of the Lyons & Campbell Ranch & Cattle Company
in our advertising columns. This corporation, of which the
well-known capitalist. Dr. John C. Baron, is President, owns
a large and rapidly increasing herd of high grade cattle,
together with a large ranching territory in New Mexico,
admirably adapted for grazing purposes, with an unfailing
water supply. The slaughter houses and railroad facilities
and general equipment are very complete. Investors will note
that they pay the four per cent coupon in July of the first
mortgage bonds.
Gibson's charts show the fluctuations for three months
of the leading railway stocks dealt in on the London Stock
Exchange, the average carrying over rates of particular
securitif s, and the rate of exchange between Ensiland and
America. The charts are issued every three months and may
be obtained through Messrs. Edwards & Smith, 1 Draper's Gardens, London, England.
Price Is. 6d. each or 6s. per annum.
—
Anction Sales. The following were sold at auction
week by Messrs Adrian H. MuUer & Son, 13 Pine Street
Shares
this
Share.
20 Chatham Nat. Bank
MH^i
^5 Kings Co. Ins. C.>
213
69 Amcr. Steam Boiler Ins.. 100
3 N. Y. Prod. Eicch. Bank. 110%
12 Brooklyn & Montauk ER.
Co. pref
60
8 Brooklyn & Montauk RR.
Co. oomiuon
22
25Pacino Bank
150
138>4
Sonai.
$1.5.000 N. Y. Lack. & West.
RR.
Ist 6e.rejr..due
I9n..l27'4
$1,000 Br'klyn City 6» Water
l27Ja&int.
Loan, due 1896
$1,000 Southern Central 1st
oonsol. 5b, due 1922
653i
fl9>4
}io6
:
«9\l
mv
New York
Stoolt Exohanire
Deposit accounta received and interest allowed on monthly balances
sljrht.
HARVEY FISK
Nassau Street,
&
New
SONS,
York.
io«V
I
-.-.
I
I
1
'
A
'
—
7V
Income
7>4
60
Scrip
N.Mei.* So.Pac— 78
J127
S. Y.& N. Kngland— 7e.. 128
12H
129
1I7»4
da
2ds. 6s,
109 >a
OKdensb.A l..Ch.—68
ioS'i-j
'96
Consollrlftted 6»
}27
Incomes
Pueblo A Ark. Val— 7b.. ;i2|ia
lUi)-*
Rntland— lat es
—
•
90
101 >
Wisconsin Cent.— Ist
2d 8erte.s
lO.?
88
aer.
STOCKS
Atchison & Topeka
Bnston & Albany
Boston & Lowell.
Boston & Maine
\
85 1«
t85
IS'*
127
WO
?1S7
Boston & Providence
Boston Revere B. A Lynn 5-29
lO^i
CaUtomla Southern
rt'*
Central ot Massachusetts
i-7
Preferred
Chesbire, preterrert
Chic, .fe Easfn Illinois
87
Bl'a
iS'^'
12*3
Cleveland A Canton
Preferred
Col.SpiliiKf. A Cln
4
-
—
14
41,
22
Connecticut River
Conn. A Passumpslc
Det. Lansing
--.
|
(591
Prefened
Iowa Falls A Sloni
Cltry.
50
A Mem.
Rock A Ft. Smith. 33
124
Maine Central
UH
Prefen-ed
Mexican Central
8tJ*.j
6'e
Nashua A Lowell
-v*-
S5H
England...
12084
Preferred
Northern
70
Norwich A Worcester... ills
16.>
Old Colony
Ogdensb. A L. Champlaln
Portland saco A Portsm. 8125
A
Con'y.
Preferred
Summit Branch
Worcester Nash'aA Koch
Wisconsin Central
7,1908
I
Preferred
Hnntingd'n
4 Broad Top
'fa
A N.Y.-lat
4
6
io'v
7'4
124'*
16'8
sunbury
•
A
Sx.dlTldand.
I
loeH
85% 86
83
104
126
116
iia
1896
A Del.— l8t,6s,1886 1014 103
Lehigh Nav.—e8,reg.,'84 113
Mort. RR., reg., 1897 .. {117^
1
I9H ....
131>«,133>(
90
Pennaylv.—6a, op., 1910..
Nav.—lat,68,rg. 102
66
70
96
Atlanta A Charlotte
100 152
Baltimore 4 Ohio
132
1st pref
2dpref..
97
3d, 68. reg., 1907
2'a
I''
;56
Hi
59
5)
160
46
Parkersburg Br
Ohio—Com
60
60
Western Maryland
60
11^
126 If
Atlanta A Charl.— Ist....
104 106
Ino
lOS^
Xaltlmore 4 Ohio ts..
Cen. Ohio.—68, lst,M.4U. ioij'
—
4 Aug.—lat..
2d
Cln. Wash. 4 Halt.—lata.
ii™
Cbarl. Col.
57
w
79
77
t
631a
81>a
let Inc., 68, 1931
OolombtaA ureenv.— lata 112<« 11^
1
ada
No. Central—4 iga, J
68.1900. A. 4
W11.
llO'. Ill
104
30S
.
AJ
J
2d, pref., J.
3d, cuar. by W.0o.,J.4J.
J
6a, Sd, guar., J.
WUm. 0. Aa«.-«a
133 >l
103
Hl<i
2d8
8d8
4
Per ahan.
6
64
47
RAILROAD BONDS.
9
36
76
74
BAI.TI.nORK.
BAILR'D STOCKS.tPar
Central
Pref
63
A N.Y
O.B. side—Carta.
108
98
Ches.
17
KAILROAD BONDS
Bait
20
A Erie—let, 78.
4 W.— l8t, 6s
Syr.Oen.A Com.— Ist, 78.
Sohnylk.
Nesguehoning VaUey ...
3.108, '96
78, K. ext., 1910
Inc. 7a, end., oonp., '84
ea"
83
46
26
CANAL BONDS.
60
AUegh. Val.-7
96 •
95 >t
96
95
47
69
29
2d, 68,1938
6s, P. B.,
6tt>!l
Xowtown
139
Gen., 7s, coop.. 1901.
661t
Norfolk A Weat'n— Com.
Preferred
Northern Central
I
iWhiiW
i
l8t,7s. 1899...
69
64
Haven..
ISO
lie".!...'..
128
128
Cons., es, g., 1.R.C.1911
Imp., 68, g., coup., 1897
Oen., es, g., coup., 1908
Oen., 7s, coup., 1908
Income, 7s, conp., 1896
Cona. 5s, 1st aer.,c.,ie23
Cons. 6s, 1909
Little .'ichnylkUl
A Scb.
128
—
109
W.JerseyAAtl.— l8t,68,0.
Western Penn.— 68, oonp. lid' 114
Preferred
Lehigh Valley
Preferred
Mlnehlll
114
Warren 4 P.— Ist, 7s, '96 1U41« 106
West Cester—Cona. 78.. 113
W. Jersev- Ist, 68. cp.,'96 117
29
Preferred
—
9»%
108
Phil.
R.— l8t,6a,1910..
2d, 78, coop.
Cons., 78, reg., 1911
Cons.. 7s, coup., 1911..
Cons., 78, reg.,
Catawlasa Ist preferred
2d preferred
Delaware A Bound Brook
East Pennsylvania
Elmlra A \\ lUiamsport.
99l9l
Perkiomen- 1 st, 6s,op.'87
4
Preferred
PH11.ADELPH1A.
RAILROAD STOCKS.
Buffalo N.Y. A Phil...
Preferred
Camden A Atlantic
128
113
122^1
135
Phil. AErio-1 9t,78,cp.'88
Cons., 6s, 1920
Cons., 5s, 1920
Tex. 4 Pac— 1st. 6s,1906
Consol., 68, 1905
341a tJnlon
TituBv.- let, 78.
88
tJnlted N. J.— Con8.6s,'94
7
Cons. 68, gold, 1901..
Cons. 6a, gold, 1908..
Oen.,4s, nold, 1923....
l'^4
Rutland
12/)
so-a Sunk. Uaz.
Little
Ports. Ot. Falls
108
131
131
109
2J
Conv., 78, R.C., 1893..
791,
Cost. 78,op.ofr, Jan.,*8&
121'M 123
PhU. WU.A Bait.—l8,tr.ot ioiij 103
420
123
Pitts. Cin. ASt.L.— 78.
Pitts. Titus. 4 B.—7B,<nj.
«J5
{70 , 71
Shamokln V. 4 Potta.—7s
......
---...
Marq. Hought'nAOnton.
A New
106
109
47
101
78'h.
|
Kan. C. Clin. & SpriuKfal
Kan. City Ft. S. A Gulf .. §
Pref ei red
Kan. C. sprtngf.
10ia«
4
Scrip, 1882
A No., pref. «lo8
Eastern
Pllchburg
Flint A Pere Marquette.
180
Cons. 68, 2d ser.,c., 1933 {
Conv. Adj. Scrip, '85-88
Debenture conp., 18984 {"is*
{lot's
Concoi-rt
N. Y.
89
66
5U
187"
63
113
Inc., 68, 1933
Oil Creek— 1st, 6s, conp..
Pennaylv.—Gen.,68, reg.
Oen.,68, op., 1910
Cona., 68, reg., 1906
Cona., 68, coup., 1906...
Cons.. 6s, reg., 1919....
Pa.
N.Y. 0.-78,1896.
A
30
141
136
60
Cona. 68, C.A R., 1923..
N. O. Pao.— iBt. 6b, 1920.
Vo. Pcnn.-2d,78, cp.'96.
Oen.,78, 1903
Debenture 68, reg
Norfolk A West.— Oen.,e8
N. B. Dtv., Ist. 68.1933
N. Y.PTill.A Nor.— 111,68
PhUa. Newt.
......
...
Burl.* Nortli'n....
Cmo. A West MioliiKan..
Clnn. Sandusky A Cleve.
Chie.
r*h.V.-l8t,68,C.*R.,'98 126
3d, 78, rag., 1910
68
I>eb(!ntnre. lOa.
"ii'H yi">«
Phila.A Reading
68, gold. 1900, J. 4 J....
WIIm.A Bait
68, Series A
United N. J. Companies.. 820" 225'
Ss.Seriea B
66
West Jersey
Plttab.4Con'ell8.—7aJ4J
69
West Jersey A Atlantto.. 42
44
Union RR.— l8t,gaa-IAJ
Canton endoraea....
CANAL STOCKS.
Virginia 4 Tenn.— 6a ....
61
Lehigh Navigation
61^ 8a
SohnylkiU NaT., pref... .
{6
W.Md.—6a, iBt, K., J. 4 J.
boacht
|133
io«" 110"
,
Phila.
FOR
[Aak.
.
Bnr.AMo.lii.Noli.—Sz't,Oa
lllO
6a oon-exompt
<
BoirP<tU.A W.-0«o.,6a
4a
»6», Cam. A AmboT—ea, a.,'g9
'<
Lan<t (rrant. 7a
110
Mort., 6a. lfW9
107
Vui'i
Cnlilornia Ko.-fla
40
Cam. A Atl.-lat,7a,g.,'9II
Cona. Vennont, .'5a
{79
80
ad, 6a, 1004
Ohio. Burl. A No.-Sa
lU3>a In»>a'
114
,„i,-, Cona.,6p.o
Chic. K. c. A Weat'M— Ba.i
103", o»tawlaa»-lat, 7b. con. c.
Kaat'rn. Maaa.— tfa. new..i 137
iSa' las
New
coop
78, res.
Prem.Klk It.AMo.V.-tla.. }
il24»< Conneot'c 6B,cp., 190004 122
K. <:. Fort Mcott * O.— 7b «ll8"al
DeL A Bound Br Iat.7a 132
IB City I.awr. A 8o.-8s.. «
|118»« Baat Penn.-lat,7a, 1888 104
K. City St. Jo. AC. B.-7a{13e>4<
BaatonAAmb'r— 6a, 1920 113
K. CItyHpM* Mem.-fla 110 111
B1.A Wmap't-lat,6a, 1910 122 >«
K.c. Clint. ASprtD(tf.-6a' 10ft
106 «
68, porpetaal
Lluie K. 4 Ft. ».—7a
8113
narriBb'ir-l8t.6B, 1883
et
ifar. H. AOnt.— 1925, Ba.l
98
H. AB.T.-lal,7a,»., 1890 100
39
Mexican Central—7a
40
Cona. 6a, 1896
VO
4s
37
CthacsAAth.— lst,gia.,7a
Phlla.
IIVVESTORS.
All stocks and bonds listed on the
tid sold on commission for cash.
8d,«a,ll«7.............
ilelPa(lap-lat.7a. IMH.
lat.<lB,l908
C'onanl., Aa, I0ia,
loir. N.V.A Phll.-l«t,«a
2il, 7«. IB08
Cona. 6a, IVil
lal.Tr. 6a, 1922
|109
Sl't 62
21 Hi 28
Philadelphia A Erie...
Phila. «ur. A Norristown 120
136
SECURITIES
28
I
OU
Pennsylvania
United States Government and other desirable
autyect to draft at
12.Ma....
1»4
North Peuiifiylvanla..
and ^iwattctaX.
Id
COVRITIBa.
I
ia7<«'
:
—
gawTiiiig
I/ABdlP'ant, 1»
Oanrenteed, ?•
PiKin, Sa
Mnrtxafre, Sa
Mort«aKe. i'v*
Tni«f. «»
Bilttmor*.
BelTM'a D«l.-lM,6a,im>l 120 "i'... .—
19T
Sonora— 78
of the
Ask.
Bid.
BOSTON.
Atoh. A Topek*— lit, Tl.
58
at that price.
100 Fulton Nat. Bank
SKOURITIRB.
u4
PUladelpUa
<)noUtiooa la Boston,
OiTiilt. Ci>nrt (IpcWUhI
full will be
H
.«
THE OHRONECLEL
15, 1888.]
York, therefore the mcotlnR wnii Illegal. The
thut tlio oonipiliy. Ix'InK niadenii of bcvitikI (llntinct ooipnralloiiH. cliiirli'ivil hy clIlYTPiit Htiiti'ii, had ii (liimli'lle In mwli
8t«tc, iiiirt In Ihii nhxciici' of iiii.%liiw to the ronttsry may liolil Uh nieptIn lt» ludtJuiiMil tlio lownr court "vi'rrnli'd iliiMlonuirrcr
liiiTR In oai'h.
for wnnt of liiHsdIdtloii iHid simtiliicd the dcninrror for wiinr of ii|tilty
and laclica.' Tlio lilll win tiled f.iurtwn yonrs iifior tlio nuiklni; of the
mor'/jaiTPR.
Tlio Snpvpnic Court, Justice Blatchford dillvcrInK the
opinion, nlllrms this jndxiurnt.
Btatea
—
.
4
4
4 WeiaoB—68
7a.
In datavlk
{
_
97 1«
»7>»
1V8S
121
132
11U>4
110^
108
ia4<«
116
106<a
136
104
IM
104
104
119
lao
iVs'
Laat prlee tliU week.
:;
:
.
THE CHRONICLE.
598
May
DIVIDENDS.
Xhe foUowlns (Uvldends have
Per
When
Sixty Days.
14.
Prlmebankera'sterllng blUs on London.
Primexoramercial
*
DocomSataryooiumerolal...
4 85isa4 8S3,
4 85 34 8514
Pari8(franc6)
5
Amsterdam
recently been announoed:
[Vol. XLII.
(gulldere)
Bookt Closed,
{Dayt inchiMve.)
IS^Wo I7I2 5 1558®5 15
405,B(J4038
t0ifla409ig
9538*95^3
Frank/ort or Bremen (relohmarkBl
Demand,
4 89ia
4 87
95%a95''8
—
United States Bonds. Government bonds have been
Same of Company.
Cent. Payable.
more active than last week, though there has been no special
Railroads.
animation to the business. Prices have been firm to strong
May 18 May 1 to
Catawlssa, pret
2
May 25 May 13 to May 19 and are quoted a trifle higher than on last Friday.
North Pennsjlvanla (quar.).
The closing prices at the N. Y. Board have been as follows
WAIiL STBEET, FRIDAY, Maj- 14, 18S6-3 P. M.
Interest May
May May May May May
12
13.
10.
11.
14
Periods.
8.
The Money Market and Financial Situation.—The chief
improvement of the past week has been in the better situation 4»S8, 1891
...reg. Q. Mar. 111% 111% iim 11133 niU4 1U38
.coup.jQ -Mar. 11238 'IIZI4 II2J4 112'«! •11238 •11233
as regards the labor agitation, and the prospect that the coming 4128,1891
126% 126 •126
125»4l 125''(, 126
...reg.'Q. -Jan.
summer may yet be free from disturbances on that score. At 48,1907
126
126
48,1907
.coup.Q. Jan. 125''8i 125'8 12.i?8 '126
the same time, it is beyond dispute that the strikes and their 33, option U.S. ...reg.jQ. Feb. 101% 101% 'lOO'e lom look's •100%
'127 Vj 127% •127% •127% •127
127
attending circumstance's have already done a serious injury to 6s, ciu'cy, '95. ...reg.X. & J. 130
130
130 *130 •130 •130
6s, cur'cy, '96. ...reg.iJ. & J.
business, which none will eventually feel more severely than 68, oui'cy, '97. ...reg.'J. & J 132
*132
•132 •132
132
132
135 *1S5 •135 •135
135
6s, eur'cy, '98. ...reg.|J. & J. 135
the workingmen themselves.
On another page are published the monthly tables of railroad 6s. eur'cy, '99 .reg.'J. & J. 137 137 137 -137 •137 •137
• Tlila is tlie price bid at tlie morning board
no sale was made.
eai-nings for April, and the figures show widely different results
on railroads in different sections. It might have been expected
State and Railroad Bonds. State bonds have had a
that the Pacific railroads, including Atchison, the Southern moderate business, on dealings well distributed as follows:
Pacific, etc., would make a poor exhibit while they were ^78,000 Louisiana consol 4s at
73i@73J; $4,000 Georgia 7s
cutting rates, and thus it proves to be; while the strikes at St. gold at
9i; $31,000 do.
113f 11,000 Virginia 6s deferred at
Louis and Chicago necessarily caused a decline in traffic at those trust receipts at 9-9 i^; $8,000 Missouri 6s, 1887, at 104f; $4,000
points.
Some of the best returns lately at hand are the net do., 1888, at 106; $3,000 do., 1889, at 110; $10,000 South
earnings for the three months ending with March all of the Carolina Brown consol. 6s at 110, and $30,000 North Carolina
trunk lines previously received, including Grand Trunk of special tax at 10.
Canada, showed a handsome improvement, while this week the
The movement of railroad bonds the past week has been
Nickel-Plate returns for that quarter are conspicuously good, as unimportant as a rule. Business has been moderately active
the net earnings show a gain over the corresponding quarter of and the tone of prices has generally been good, a firm tendency
1885 amounting to |91,000, or about 37 per cent. This makes jirevailing most of the time. The changes for the week, howthe Street more impatient to see the New York Central and ever, are not great, and there has been no conspicuous activity
Lake Shore figures for the same quarter, and there will in any class.
be some disappointment if they are not better than last year.
The closing prices and range of a few leading bonds are annexed
Another road that makes a remarkably good exhibit for March
Closing.
Range since J an. 1, 'SBsurprise,
Ohio,
and
this
is
more
of
a
Chesapeake
&
is the
Kame of Bond.
because the President, Mr. C. P. Huntington, in his statement of
HighesU
May 7. Mayli Lowest.
May 1, showingr to bondholders how little the road had earned,
N.
Y.
L.
E.&
West.estimated the March net earnings at $95,000, whereas they turn
8614
2d consol. 68,ex. June, '86, op.
86% 76''8 Jan. 92 Mar.
out to be about $117,000. The talk has recently been that the
.. ......
Funded coup. 5s .
89%
88% 7714 Jan. 96i4Mar.
10234 1027e IOII4 Jan. 104 Jan.
Chicago & Atlantic road would now (since Mr. Jewett's resig- West Shore, guar. 4s..
92i4Mar.
81
Jan.
Fort Worth & Den v. C, 1st 6s..
88
89
nation) be brought into the pool of trunk lines east from Ches. & 0. 6s. ser. "B," cp. off..
67%
70% 65 May 8S Jan.
do
cur. Os.
25 May 41% Feb.
Do
26
29
Chicago, which would cement that pool more firmly than ever
118
111% Jan. 118% May
before, and would assure the maintenance of rates; the Chicago Northern Pacific, let 6s, coup.. 116%
93T8
do
2d 6s, coup..
9b\ 91% Jan. 9si4Mar.
Do
papers place great Importance on this, and say that the Chicago Mo. Kans. & Texas, gen. 5s
72 14 May
83 Feb.
79
78%
gen. 6s
87=8 May
96 Feb.
do
93%
93
& Atlantic has been a thorn in the sides of the pool line officers. NewDoYork Chic.
88I4
May
&
St. L., 1st 68.
91
84
99 Jan.
The open market rates for call loans during the week on St. Louie <k Sau Fr'isco, geu.6s. -102% 105
99% Jan. 105% May
stock and bond collaterals have ranged at li@3 per cent, and
to-day at 1|@2 per cent. Prime commercial paper is quoted
Bid price no sale.
:
!
:
—
;
;
-
;
at
3i@4i per cent.
The Bank of England weekly statement on Thursday showed
a loss in specie of £1,338,531, and the percentage of reserve to
against 39 3-16 last week; the discoxmt
liabilities was 37^,
The Bank of Prance
rate remains unchanged at 3 per cent.
gained 45,606,000 francs in gold and 8,366,000 francs in silver.
The New York Clearing House banks, in their statement of
May
a decrease in surplus reserve of |913,335,
8, showed
the total surplus being $11,113,535, against $13,035,850 the
previous week.
The following table shows the changes from the previous
week and a comparison vsdth the two preceding years in the
averages of the New York Clearing House banks.
1886.
May
8.
Differences fr'rt
Previous Week.
Loans and dls. $350,659.30e Deo.
Legal reserve
Beserve held.
70,918,900
7,861,100
372,323.100
33,275,500
$93,080,775
101,194,300
Bnrplus
$11,113,525 Dec.
Bpecie
circulation...
Netdei)08its..
Legal tenders.
Exchange.
Deo.
Dec
Deo.
Inc.
Deo.
Dec.
1885.
2Iai/
9.
1884.
May
10.
*ea9,loo $399,100,800 $333,424,100
2,057,800 113,037,000
58,841,700
27,800
10,797,500
14,190,200
478,700 361,908.700 329,822,200
1,025, BOO
32,740,900
28,069,300
$119,675 $90,177,175 $82,455,550
1,032,000 145,777,900
86.911,000
$912,325
$53,300,725
$1,455,150
— Sterling
exchange has been extremely dull all
the week, there being little or no inquiry.
Rates have not
been as firm as last week, though there was no change in the
posted rates until to-day, when they were reduced ^c, to 4 87
The gold exports are, for the time being at least,
and 4 89i.
Railroad and Miscellaneous Stocks.
—A
decidedly better
feeling has prevailed in the stock market, and prices for nearly
all stocks advanced uji to the close of Thursday's business.
Dealings have been on a moderate scale, however, and except
for some little animation in one or two specialties, there has
Prices have not advanced
been no conspicuous activity.
steadily and there has been much irregularity, but the general
tone and tendency of the market has been bullish, and most of
the news and developments have been favorable to that course.
Among the bull arguments has been the talk concerning
the better aspect of the labor troubles, the most serious phases
of which are believed to be past; the suspension of gold
exports was also favorably commented upon, and some points
made in regard to the coal stocks, especially Lackawanna.
Under these influences, and also in consequence of the reaction
from the decline of last week and the covering of short contracts, the market advanced.
Lackawanna has been specially active and strong under the
favorable reports put out about the coal business, and the
rumor of the formation of another strong clique to j)ut up the
It rose to 137^ on Thursday, against 130| the lowest
price.
The other coal stocks have also advanced
price last Thursday.
in sympathy and Jersey Central had a quick rise on Thursday.
There have been no special bull points on other stocks except
the gradual breaking up of the freight blockade on the Western
roads, which had a favorable influence on the grangers, and
the general market advanced in sympathy.
The only conspicuous exceptions to the general strength
Quincy and Rock
have -been Consolidated Gas, Burlington
Island; the first named has been very active and weak in consequence of the signing of two of the g.is bills by the Governor
In regard to the latter two, rumors have been
of this State.
actively circulated that the next dividend would be reduced.
Two small failures occurred early in the week, which had very
Another fact worthy of mention is the death
little influence.
of Mr. Woerislioflfer, who has been consiiicifous as one of the
heaviest operators of the market, usually on the bear side, but
sometimes equally prominent as a bull on certain specialties.
'
&
suspended.
To-day the
rates on actual business were as follows, viz.
Bankers' 60 days' sterling, 4 86J@4 86i; demand, 4 88f@4 89.
Cables, 4 89@4 89^.
Commercial bills were 4 84i@4 85.
Continental bills were :
Francs, 5 174@5 18J and 5 15 ;
reichmarks, 95| and 95 J; guilders, 40i@40f and 40i@40f.
The following were the rates of domestic exchange on ISew
York at the under-mentioned cities to-day Savannah, buying
1t16 premium, selling 3-10@i premium; Charlfiston, buying
par, selling l-16@i premium; Boston, 17@30 premium;
:
New
Orleans, commercial, 50 discount, bank, $1
25 premium; Chicago, 50@60 premium.
The rates of leading bankers are as foUows
Bt. Lotus,
:
premium
To-day (Friday) the market reacted somewhat under bear
and the close was weak, showing few changes of
importance as compared with the close of last Friday.
pressure,
....
.
Mi.T
THE CHRONICLE.
IS. 1866.1
MEW ¥ORK STOCK EXCHANGE PRICES FOR
SatOTdar,
Muy
UK.
CanmliHii
Stocks.
e3''«
I'at-illo
48<>8
i'itt'ltki
Cheaaiu'iiko
ilfe
iBtpref...
Sclpref....
Ohloago <b Alton
OUlcago Burlinvton A. Quluoy
Chloaco Mllwaiikee A St. Paul.
«4
4()>a
118i«llS'«
prof.
Obloago Rock lalnnd >V Poolflo.
ChloBKOSt. Louis & PlttsliurK.
prcf.
Do
137>4 137'4
Nortli western
cfe
lO.'i's
Do
Chicago
St.
Paul Mlnu.
123
10
prcl.
CleTelimilCol.Cln.AIndlaMftp.
Columbus lIoukluK Val. ikTol.
Delaware Larknwitututiic West
Denver iSi KioOmude
Do
AssGSBiuent paid.
East Ttnuessce
& Ga
\'».
Do
pref.
—
Bvansvllln A Terre Haute. ...I
Port W.Ttli iVi DoriverCity
Gnen
Hiiy
nousloii
i(;
i
Wluiiua&St. Paul.
Ti'Mis Ccutral
Illinois ("oiitral
Indiana l<Iui>miuKt'n>tWe8t'u
it.
Alh.
A
I
26
26
22%
22''8'
78
78 13
•20
23
.
pref
A DiUath
pref
St. Paul Minneap. A Manitoba.
Southern t'acitlo Co
Texas A Pucitlo
Union Pacillc
Wabash St. Loulo A Pacific
.
PuUmau
Palace Oar Co
Western Union Xelegi-aph
AtlanticA Pacitlo
Boston A N.Y. Air-Line, prof.
Cedar Falls A Minnesota
Central Iowa
Chiea:,-o ^t Allou, prof
Louis
A
,
pref.
•9
24
lOis
2958
2438
29
24
•9
9ia
2912
29
2178
2838
22
24
IO3I3
29%
4%
19 14
3936
768
I7I4
15
•20
28 13
22
23
I514
23
28%
22I4
23%
lOlia 103
2838 28%
•31a
1938
3S%
•9713
61
4%
19%
39I3
100
62
109% 109%
6i8
6I4
16
IOI3
2314
94I3
971s
23%
23
95
96
20
96%
9178
961a
961a
20
96 12
6138
6238
147
106
58
1211?
44
44
7I4 7Ss
•11
14
14
17
24
21%
92ifl
50
50
8OI3
8214
Qolcksiiver .Mining ('o
Do
pref
Riofa.A Alleg., stock tiiist ctfa.
6»a
•3
•1914
23
Rome Wauutown A Ogdensl)';! '52% 53"
52^8
531s
132
62
19
28
23
28 Is
2138
211;!
bid
ea^i
37>4
40%
•30>«
8
14
14% 14%
181a
'20
•»
•8
25
10
10
B*n(«itaim Jan.
637,
fi.eOfi
38 14
51
3,650
43,475
ISM.
1,
106%
14
44
IO214
71a
40
8
118
118
516I1I0 May 3 125
50,830 latU May 4 111%
6411 135
Jan. 18 142
3,.595| 1201*1 May 14 131
240
57
56
56
351s
171s
3318
16ie
718
7
35I3
161s
20%
IOI9
IOI4
30
2978
31
2378
24
55%
24%
56
m
21%
291"
2218
231s
105
30
1
•63
194
4414
758
700
8%
76is
66
1978
44I4
8
74
204 21 14
1
•18
29
22
22%
103
291s
2214
23=8
105
6iaJaD.
2
2
4
4
Mar. 24
May 3
Jan. 20
33% May
3
Apr. 6
Feb. 1
Apr. 19
Jan. 6
1434 Feb. 9
287a Jan. 6
18% Jan. S
9OI4 Feb,
94«B Mar. 8
437g Jan. 4
24|
514 Jan.
1
May
19% May
134 Mar.
125 19% May
1
22
28% 294
214 214
1,010
1,900
14;
200
24l
25
16
22,190
3,135
33,370
1,820
10,665
2258 22%
103 104
3i
8|
Mar. 24
Mar. 24
2
19
26
2908
291s
5
1914
i
301$
5
1978
28
30
284 28%
4
Mar.
8
5
184 Fob.
5
l!lOG
Apr. 12
Mar. 8
Apr. 20
1
i
-
!
6278
I47I9 143 143
145
10318 10518 •104
106
55
118
58
122
7%
•11
•13
54
56
1201a 1201a
•Ills
*13
14
17
100
19
52
84
208
203
*2
•19
61a
40
54
84
•111*
•13
135
82
214
213
19
51
82
40
54
7% 7%
98% 98%
7%
14
17
119
145
106
56
124
55
871s
59
88
14
17
156
83
914
601a
90
140 148
•104 106
52 12 55
'118 124
100
61a
23
I9I4 24
51 13
'si'ii 'si'iv
*19i4
40
39
831s
60
88
60 13
18 la
•20
10
•81b
19%
25
10
10
19
19
29
and usked; no gale was made
I9I4
19
•9i»
II
•13
17
84
215
85
891s
51
5214
"lo"
10%
674 58%
884 83%
'3
•19
•3
19
•20
•0
I
I
1,830
30
2,130
6,235
5
12t>
U
42
42
414 414
May
Apr.
Feb.
Mar.
.May
Jan.
Mar.
6
5
2
9
9
44
May 3
3 101
Jan. 29
Mar. 2
Jan.
Fob. 17
4:
4'
9% Jan.
144
24 224
13,
.1
May 12
lav 12
Ja
504 Ja
2
23
36
10.03*
t(
100
100
230
10
.Mar.
May
Jan.
Apr.
Jan.
U
8
254
7%
53
46
20
.Mar.
>lur.
12
3
Jan.
e
.n.
13
17
1«
3
12
16
16
15
.1
F
I..
Ai.r.
Feb.
Muy
ai4
164
May
Feb.
Feb.
1.^4 Feb.
Apr.
Mar.
20
50
May
078 Apr.
29
38
5
ti 160
Mav 14
1^ 85
31 220 .Mar. 9
Jan. 13 1004 Fob. 26
'1 Mar.
a
Fe'v
204 May
53
39
•94 11
93
17
22
64
100
11
70
Jan.
1004 Jiui.
20 2044 Jan. 1»|2U
5
19%
11
13
150
lOOj 2134
24
0
at the Board.
I50i 30
7
400
175 06
54
25
12
8
13
38 144 Jan. 14 150 Feb. 12
10 1014 Jan. 28 107 May 14
514 May 14 66 Feb. 26
It 119 Mar. 26 1254 Feb. IS
•114 14
39"
•174 19
23
40
18% 20
•20
28
7%
99% 09%
97
61a
5'iii"i5i*4
124
2
15
25
7
9
12
9
25
24
2
2
2
2
76(.
1
81%
3I4
511a
147
107
514 534
•110
7%
•98
2101a 2101a
-2
140
107
4
Jan.
34% Jan.
25
31
75
Mar.
Feb.
264 Mar. 6
274 Apr. 6i 38 Feb.
-3
•3
•3
5
3% Jan. 161 5 Feb.
3
"31a
18
1913
19% 19% 19
194
1,000 17 May 5' 23% Jan.
•38I4 42
-394 41
1,140 374 May 5 48% Jan.
40% 41
40
41
IOOI4 IOOI4
100 100
66 07 May 5 '105 Feb.
100 100
6i
64% 634 664 10, 145 37 Jan. 18 67 Apr.
65
59% Olia! 61
110 110
326 90% Jan. 26 1124 Apr.
'1081a 112
1081a 112
11241124
600 106% Jan. 19 11878 Feb.
112 112
39
39% 3,030 304 Mar. 17 414 Apr.
3914 39%
391a 397e
391s 395e
8I4
74 Anr. 30 14% Jan.
8%
7,973
74
9
8^8
8% 87e
81s
49% 49O8 4918 5014 491a 5014 48% 49«6 52,798 444 Mar. 24 56% Jan.
6 May 3 12% Jan.
736
714
714
'14
17
625 14 May 11 22% Jan.
14
14
•141a 17
Moy 4 274 Mar.
23
1,710 21
23
23
23
23
23
864 904 33,318 864 May 14 Ill Feb.
91% 93% 911a 9314 9014 94
98I4
23,052 87 4 Jan. 18 1084 Fob.
964 98
97
955a 9678i 96% 97%
530 18 May 13 314 Mar.
18
19
20
20
1,40(1 93
May 4 1084 Jan.
98
97
9614 97
96
96
49 Feb. 23 67 Jan.
3178
36,675
54ie
534
5313
53
54
52
53 %
405 128 May 3 13779 Feb.
130 133
132 132
13:S
130 131 *
6178 62is
614 624 83,115 614 May 11 7579 Jan.
6118 62I4
611a 62%
28 14
4
3, 324 Jan.
2
24 114% Jan. 11
1
17 Jan. 5
29 50 Jan. 7
4 1074 Feb. 13
24! 10
Jan. 3
Jan. 5
4; 23
40,695, 224.May 3, 2878 Feb. 17
3,5631 504 Jan. 181 64
Mar. 3
6,465. 304 Mar. 24 43% Jan. 28
May 3 214 Jan. 4
5231 15
1,765
6 Feb. 1
84 Jan. 2
4,400 174 Jan. 25 24 Feb.
1,000
8
Mar. 25 114 Jan. 2
4,550 25 Jan. 25! 31 May 13
1,555 22 May 4! 29 Jan. 2
18,1681 534 Mar. 27 6178 Jan. 2
35
5618
80
1,325 404Mar.
24,400 21 .May
7,031 100% Mar.
lli4.M8y
1,300 434 Apr.
26,353 98% May
2,325
44 Mar.
May
1,625 11
45
1%
21% 21%
lis
S
2
Mar.
32 Mar. 25' 41 Feb. 1
204 120 Jan. 2 129>a Mar. 31
30 Jan. 19[ 381s Jan. 4
183 614 May 4 76% Jan. 2
1,695 16l4Mar. 24 224 Apr. 14
16
164
244 24=8
554 56
35
20
153,887
1,660
16,910
25
254
10541054
45
May
May
480136
35
214
104 10%
304 304
23% 244
55
55%
lOV
Mar.
Feb. 15
lli«Jail.
12
•16
7
7
211a •20%
21%
20
103
7%
41
6l
1
2
3,347
•104
15%
24%
May
May
0.'.0:
300|
lOi
101% 102 14 101% 101%
7%
I
I
1254 1254
I4I3
24|
2314
12
45
O^Mar.
28
78
78%
014 914
354 36
43
IS^Jan.
11
23
12
64
20
8>gM8y
67isJaD. 29 86
100 15 May 4 25 %
1,455!
8 Jan. 10, 13%
125t 25
Mar. 23 36
79%
45I2 431s
2514 25%
IOGI4 IO6I2
fl8i«Jaa. 14
Feb. 17
»7i« Mar. S
44% Feb. 1
45%
Feb. 17
1514 Jan. »
32
26>g Mar. 24 35>a Jan.
3978 ll,230l 35^tMnr. 24I 4214 Feb. 10
10278
4,100' 97
Mar. 24 105% Feb, \»
4814
1,100| 4313 .Mar. 24 60
Jan. Z
5,7.'>0l 267e May
30
3 38is Feb. 17
12«% 297.367 115 Jan. 19 i:)5% Feb. "'S
-,10
lb7ei
l.t% .fan. 22 20isJan. 2
22 13
200 21i4Mny 4 26 Jan. 7
9ll4
64
20
4
;
148|
IO6I4 107%
141
141
I2019 122%
•10
12
12
36%
7*b. 17
34% Muy
21 4 Jan. «
15>4 Feb. 13
130,130% Jan. 2.'i 144 Feb. 12
1287g 130
30,574]1287g^fav 14 110 Jan. 5
85
86lfl I30,185| 820gMBy
4 96% Jan. 3
14
10
7858
9II4
3578
241s
15
241a
281a
2178
22%
23
104
22
104
20
231s
ei
Rl(h«*t
42i4Jnn 18
140! 3M
Mar. 24i
1,660
7 .May
1,100 13 Apr. 30
137% 137%! 1361a 137
2314
LowMt.
Sbaraa.
14.
•9
26
20
141
103
39
St. Liiuis
18M.
1.
I
'213
>97
•97
1061a lOCifi
A Iton A Terrb Haute.
Cameron Coal
Congolidatlim Coal
Maryland Coal Co
Hew Central Coal
Ontario Silver Mining
Tennessee Coal A Iroii
649)1
IOI9
25 ^ 257i
IO6I4
21%
New Y'ork Lack. A Western...
New York New Haven A Hart.
These are the prices
10
II4
213
Harlem
40
8%
16
10
44% 45
;
CIdc..
Illinui.s Cent leased line atocit
Majihattan Beach Co
Mil. Luke Shore A West
Do
19 14
45
li«
'142
103
•55
•118
Anieriiau District Telegraph.
.St.
•43
li8
52 14 5278
130 130
Pacitle.Mail
40
40
65
li8
23
Iron
Gas Co
Delaware A Hudson Canal...
Oregon lioprovement Co
Oregon Railway & Nav. Co.
83>4
51>4
I38I4 1383e I37I9 I37I8
2214 2214
22^8 23 14
ni
12
12 Is
121s
77ia 78I4
78 14 791s
91
91
91
9118 3114
35I4 361s
3608
35
33=8
36
•30
33
1261a '1251a 1261s 126% 126%
iniROellaiieons Stock*.
Cinciii. Ind.
20
26
lia
I514
Consoliduti'it
.States
lOifl
138
•6I4
.
pref.
SO^
231s
1'
7938
IIII3 II2I4
112 112
39I4 391s
391a 39%
8 '8
9
9
81a
49
5038
4858 49 14
^
63>«
381a
'
138
61
58
1091a 1091s
Do
Farm A Co
Inactive Stocka.
!
2378
55I4
3938
•97 100
Paul
63»8
3814
SOOg
j
3514
-31a
I914
Pittsourg
Francisco
pret
1st pref
Wells,
106 19 10(!i»
139 111 1.1
1221a 123
54%
Rochetiter
United
85>.>
55%
28I4
A Sau
May
13.
130 3« 13118 129i«131i«
85% SttOs; 80
8678
118 1191a
118 lis
lOeis 107%! 107 1077e
14019 1401s 110 141
12316 I2318 I22I3 123
130i4l31>.i
84%
Moy
13.
112
5514
102
American
•OHr
291a
27^8
2II4
2314
Danville..:
Expreaa Stocks.
Adams
Hh
29^8
237e
5538
RiehUid A West P'ntTerminal
A
140
15
23%
54%
19% 19%
Oregon A Trans-ioutinental..
Peoiia Decatur KvansvUle....
PMladelpliia A Reading
Colorado Coal
8>«
ir„
25I3 2018
24% 26
241s 251s
107% 107 10758 107 107
29ifl
pref
.
14
10% 10%
33
4OI4 "39% 391s
191a:
191a 1912
4414! *43ia ...
-9
Do
7% "'7\,
'3914
•8
11
-10%....
•Ills
4314
44
44
44
44
101 la 102% 101 lOlial 101%
eig
Ola;
738
Cia
6
6%
71a
•13
•1158
1218 121a *12
2358 2418! 23% 243e
23%
24
5414 3434
5453 55
54
5414!
541a
3518 35141 3513 35''8
34% 35 14 35 14
16
1614 I6I4J IGia 16%
16'8 17
7
6% 0%
6% 6%
7
2OI4 26 14
2014 201a
I914 1978
10%
OhloCentral
Ohio A JIissi-<8ipi)i
Ohio Southern
Oregon Short Line
St.
4Die
'10^8
Northern Paclllo
Do
Do
Si-ff
719
49isl
29 >s
78I4
901a
3313
•30
I26I3
35%
NorfolkA Western.
A
1
JAN.
W««k,
2%
•43
10118 102
.
LoulB
40
63
87
107
A Oliio
New York (,'entral A Hudson.
New York Chic. A St. Louia.
Do
prct.
New York LakeErie A West'n.
Do
pref.
New York A New England
New York Ontario A Xv'estem.
New York Snsq. A Western
Do
pref.
St.
40
65
Nasliv.CliatiauoogaASt.r.onls
Siohmond A
36»8
489»
May
Friday,
,
191a
441a
Mol)lle
Do
SO«i
140
123
12
M4NI
Wedneodar, Tburaday,
'....
201s
33
"8098 40>«
39
391s! "39 >a
39% 4OI4 "39"
I02ie lOa's! 103
IO314 102 14 102 a: 10236 10314 IO314 IO314 1021s
•17
4714 iSH
-17
47 Is 47 '-J, 48
4818 49
48
4779
2958 29.\: 20% 30>s
2i)^ 29^1 291s 3014
30
3078
29%
122^8 123%! 12314 124»8 12339 124»8! 124% 126^8 12618 I2719 1251s
15
15
nS 17
150s 1'"
151a
23
23
•22
24
221c
*ll4
lisj
IHl
lis
"111
l^a
1>S
138
lis
1%
•219
3
3
3% 31s! *80i9
31s
•21a
31s
31s
*80
83
*81
81 83 81 83
82
83
82
83
•17
19
19
•17
21
17 21
22
11»9 11=% *11
1158
11*5 Ills
Ills
11% 1178 •10"a 12
11
33ie
Missouri Faeiflo
Do
48%
;
1251a 127
Mlnneapulfs
.
87%
63
37ifl
140
123^1 123
•10
10
t'litcngo...
Manhattan Klevated.cousol..
Memiibla ,t CUaileston
Mloliii^au Central
A St. Louis
pref
Do
Ml89ourl Kansas A Texas
63 >s 63%
IOC's! 106 ^ 10719
•89% 90>a
LouiaTllleA Xasliville
New
May n.
noia Ilia •10%
Lake Erie A Western
Lake SUore Mlcli. Soutliem.
Long Maud
Lonla.
Miiy 10.
*21
& Um.
Do
TneiulAr,
,
pret.
Do
Ohloago
AND SINCE
14,
oftiie
Monday,
83g
8
Sk 8I«
•11
11% 14%
17
no
10
10
Mlifildlifl llOig 142
ISOig 1321*
1301a 132
8414 S.-j'si 8518 80
Olilu
Do
Do
8.
37V 38
OoDadnHniitlit't'ii
Centiiil ot Niw Jersey
Central
HAY
fTlEK ENDING
HIOHB8T ASV LOWEST PBIOBS.
STOCKS.
Acllv«
69J)
Apr.
Miir.
I
1
—
—
.. .
—
.
)
!
.
,
THE CHRONICLE,
600
[Vol. XTiTT.
MAY
OUOIATIONS OF STAIE AND KAILROAi) BONDS.
STATE BONDS.
SKCCKITlJia.
Bid.
Ask.
Al»bama-C'l»8» A, 1906.
Class B, 68, 1908
Class C, 4s, 1906
6s, 10-2US, 1900
Arkansas— 6s, funded
101
1U7
102
ilH'a lOO^-i
106
12 "2
&
17
17
17
17
Ft. S. 188.
7b, L. Rock
78, Memp.<Sl..Kock
BK
T«, L. B.P.H. & N.O. RR
R. R. RR
7s, M186. O.
7b, Arkaugas Cent. KR
<fc
6
aeorgla^6s, 1886
7b. 1886
7b, gold, 1890
10(i><i
102
111
31
SaCURlTllSB.
Bid.
Louisianar— 78, oon8.,1914
Stamp d, 43
8i
73 14
New York— 6», reg.,
6s, loan,
68, loan,
0., loan,
Bid.
73^4
8BCUBITIK8.
Ask.
N. Carolina—Continued-
I
New bonds, J.AJ., '92.8
Special tax, all classes..
22
88,
1887
1891
series,
District of
non-fundable, 1883.
consol'n 68, 1893 10913 110
Brown
Tennessee— 68, old,1892-8
««. new. IHfl'J.aiBOO
86
12
.
new
6G
fib
58
68
6514
44
44
95
57
.^3
65
9 '4
Colnmbla—
119 >*
3-658, 1924
58
58
A8>,
5B
1914
Do
110
113
118
104
1892
11
1893
103 "a N. Caii..ina— 68, old. J.*J.
Pnndinc- .wt. 1900
114
Bid.
—Continued—
Tennessee
C'mp'mi86,3-4-5-6s,1912
10
ld'>a'
Virginia— Hs. old
Wil.C.&Rn.R. 95'
90
88, new, 1866
Consol. 4s, 1910
6b, consol. bonds
US'* 119
68,1919
6s, ex-matured couion.
103
Ohio— 68, 1886
68, consol., 2d series
South Carolina—
68, Act Mar. 23, 1889
6^ 6^1 6s, deferred
IOII2
Missouri— G9, 1888
6». due 1889 or 1890....
AByPm or Univ., due '92
Funding, 1894-95
Hannibal <fc St. Jo., '86.
BKCORITIKS.
Ask.
14, 1886.
Registered
ii6"ll""
Ftindino- 58. 1«99
RAII.ltOAD BONDS.
SECURITIES.
Bid.
SECURITIES.
Bid.
Ask,
SECURITIES.
Bid.
Ask.
Bid.
SECURITIES.
Ask.
117
Penn. RR.— ContinuedMioh.Ceu.— Coup,58, 1931
Del. & Hud. Canal— l8t,73 115
Jack. Lan.iit Sag.— 6s, '91
Pitts. 0. &St. L.-l st,c ,7s
l3t, ext., 78, 1891
Kailroiid Boiuls.
'.''.'.'.''126'h Mllw. & No,— 1st, 6s, 1910
1st, reg.. 7s
1894
7s,
Coupon,
(Stock Exclinnge Prices.)
Ist, 68, 1884-1913
2d, 7s, 1913
Ist, Pa, Div.,cp,,78,1917 137^3
Atcb.T.&S.ie—4 "11.^,1920
143
137 'a
l8t,7s 144
MU.L.S,&W.-lst,«.s,1921
Pitts- Ft.W.ft
1st, Pan. Div., reg., 1917
Sinking Fund, 68, 1911,
141
Mich. Div.— Ist, 8s, 1924
2d, 7a, 1912
86^ 90
Alb. & Susq.— 1st, 78... 108 '4
Atl. <fc Pac— 1st, Ba, 1910
•134 13
132
AsUl'd
3d,
1912
DiT..-lst.68,1925
7s,
l8t,cons.,guar,78,1900
Balttmure & Ohio127'2
122 14
'120
Minn.,SSt,L.— l8t,78,1927
Clev. & P. —Cons. 8 fd.,7a 127
1st, cons., guar.Os, 1908 120
l8t,68, Park. Br., 1919.
110
11218
Iowa Ext.— Ist, 78, 1909
4th, 8. f., Oa, 1892
Reus. & Bar,- l8t,cp,,7B •I42I0
68, gold, 1925
122
118=4
118118
2d,7s,1891
St.
L.
V.
&T.
II.—
l8t,g.,78
Denv.& Rio Or.- 1st,, 73..
Bnr. C. Rap.* No.— lat,5s
95
2d, 7a,189H
S'tUw.Ext,— l8t.78,lfll0
Ist, consol., 78, 1910
Cousol. <S col.tr.,5s,1934
99-'._ ibo'i-i
Pac. Ext.— 1st, 88, 1921
2d, guar., 7s, 1898....
Trust Co. receipts
Minn.iS St.L.— l8t,7s,gu *150
Pine C'k R'y— 88 of 1932.
Imp. & Equip.— 88.1922
Den.So.Pk.A Pac— l8t,78 76 'a 79
la. City & West.— l8t,78
75
Minn.ift N.\V.-lst,5s.gld.
Pitts. Cleve. A Tol.— lat,6a
l8t,88
Den.&RioG.Weat—
lst,6s
N.—
I.F.ct
Kap.
C.
65
Mo.K.&T.— Geul.,88,1920
Pitts. June— lat, 8a. 1922
...
Det.Mack.&Marq.— lst,68
Ist, 68,1921
Pitts. McK. & y.— lat. 6a.
General, 5s, 1920
38
I,and grant, 3'a8, S. A.. 113
Buff. N. Y. & P.— Cons.6s
. II5I3
RoineW.A Og.— l8t.78.'91 115 117>«
Cons., 7a, 1901..5-8
E.T.Va, &G.— lst.78,1900 128
General, 68, 1924
95=4 96
803<
Cons., 2d, income, 1911.
Con.. 1st. ext., 5a. 19'32.
...
Ist. cons., 5s, 1930
Can. So.— 1st, int. guar., 58 106 'b iof
iid"
.
71
86', 86",
Roch. & Pitt.— l8t. Gs. 1921 115
Ex coupons 9 to 12 ... =106 .071a H.,fcC6nt.Mo..-lst,7s,'90 113
2d, 58, 1913
111
Con.sol.. lat, 6,8. 1922 ... 108
Mobile
ife Ohio — New 6s
68
1930
Divisional
5s,
7s,'99t
Ist,
Iowa—
Central
Collateral trust. 68, 1892
Bich.&Alleg.-lat, 7s,1920
68
Ellz.C.ifeN.— S.l.deb.,c.,68
ISast. Div.— 1st, 6s, 1912
85
70
46
let, Extcnsioii, 68, 1927 104 'a
Trust Co. receipts
Ist, 6s, 1920
111. Div., Ist, 6s, 1912 -.
119" Eliz Lex. & Big Sandy— 6s
Morgan's La, A 'r.— Ist, 68
Rich.&Dauv.— Cona..g.,68 115=4 116i«
Ches.ift O— Pur. mo.fd.'9S
101
i25'
1927
1U9
l8t,
1918
Debenture
8s,
78,
Erie 1st, extended, 7s...
68, gold, series A 1908.
70 "a 71
Na«U,Cbat,&St.L.— lst,78
Atl.&Ch.— 1st, pr.,7s,'97
2d, extended, .-is, 1919.. 116
68, gold, serieB li., 1908t
29 '1
29
2d. 6a, 1901
Incomes, 1900
3d, extended,4ias, 1923, 111
68, currency, 1918
10513
99
N. Y. Central-6a, 1887
Scioto V.al.—1st, cons., 78, •56
4th, extended, 5s, 1920. 112=4
Mortgage, 68, 1911
109
85
Deb. certs., ext4. 5s ..
St.Jo.
O'd Isl'd.— 1st, 68 106'3'i07>3
5th, 78, 1888
Ches.O.&S.W.- M., 5.6a..
|114»,
135
lat, 78
N.Y.C.*H — 1st, cp., 78
St. L. & Iron Mt
1st, cons., gold, 7s, 1920 132
Chic. & Alton— 1st, 7s,'93 119
ilS"-,! 114'a
ISO's
122
1904
Deb, OS,
2d, 7s, 1897
1st, cons., fd. coup., 78..
Sinking fund, 6s, 1903
110
13513
Harlem — 1st, 7s, coup.
Arkansas Br'ch — Ist, 78 II5I4
Reoig., Ist lien, 6s, 1908
La. & Mo. Riv.— Ist, 78. 119
121
lie's
N.Y. Elev.— 1st, 7s, 1908
Cairo it Fulton — 1st, 7s. 110
Long Dock b'nda, 78. '93 118
2d.7s. 1900
N.Y.P.& O.— Pr.l'n,63,'95
Cairo .\rk. A T.— 1st, 7a 113 13
Consol. cold, 58, 1935 115'3
bt. L.Jack.& Cliic— Ist
91 •'9
Gen. r'y & l.gr.— 5a 1931
B.N.Y.&E.-l8t,7a,1916 137 iio" N.Y.CftN.— Gen,.6a,1910
let, guar. (564), 73,'94
119 a
Trust
St.L.Alton
it T.H.— l8t,7s 118
Co.
receipt3
..-.
N.Y,L,E..K\V.-N'w2d63
2d, (360), '78, 1898
112
N.Y.* N. Kngl'd— 1st, 7s.
2d, pref.i 7s. 1894...
ExJune. 1886, coup..
2d, guar. (ISS), 78, '98
104 13
lat, 6s, 190.>
2d, income, 7s. 1894
CoUat'l trust, (5s, 1922
Miss.H.Br'ge— lst,9.t.63
N.Y.C. & St. L.—
Bellev.& So. III.— Ist. 8a 114
Fund coup., 5s, 1969.
Chic. Burl. & QuincyllOisHS
.•«
135
BeUev.&Car.-lst.es,
l8t, 68. 1921
Buff.&S.W.— M. 6s,1908
Consol. 73, 1903
Trust (;o. receipts
St.P.Minn.iiiMau.— l8t,78 •114 1117
Ev. & T. H.— lat, cons., 6s *115ia
6s, sinking fund, 1901..
118i3!ll9'2
108',
iof
107
"a
2il.
1923
88,
1909
8s.l923
8s,
2d.
MtVern'n— l8t,
6s, debentures, 1913
118 1II9
N.Y.Ont.&W.— Ist.g., 68. 106
Dakota E.Yt.— 8s, 1910
Fl'tJtP.Marq.— M.6.s,1920 117
la. Div.— S. frt., 5s, 1919 111^4
120=4' 121 "a
88 'a 89 '4 N.Y. Susq &W.-lst,63t
83 -=8
ioi
1st consol., 68, cp., 1933
Ft.W.,-t Uen.C— l8t,83...
Sinking fuud,48, 1919
115
99'4 100^ Gal.Har. *S.Ant.— l8t,68 115
62
Dehenture, (is, 1897t. .Min'8 Un.— lat, 68, 192' 108
Denver Div.—4s, 1922..
118 120
Midland of N.J.— 1st, 63 106 '3
St.P. * Dul.— 1st, 58,1931
2d,7,s, 1905
Plain 4s, 1921
135'
99
U8
i34
N.Y,N,U.<tII.-l8t,rg.,48
So. Car. R'v— Ist, 6s, 1920 1081a loo's
West. Div.— 1st, 58..
C.R.I. & P.— 6s, cp., 1917
88 13
N.Pac— 0.1,gr.,l8t,cp.,6s
2d. 63.1931
2d, 83, 1931
Kit. & Col., 58, 1934.... 112
75
ReglstOTed, 8s, 1921.-..
Shenaud'hV — lst.7a,1900(
Keok. & Des M.— l8t. 5s 109 109=4 ar'uBayW.<fcSt.P.— l8t,8s ioi
25
30
General, Sa, 1921
Gen., 2d, gold, 8a, 1933.
cnl. 0lN.J.-lst,7a, '90 11054 Ul
O ulf Col. & S.Fe.—78,1909 12314 124'a
loo's
II4I4
114-\
101=4
No. Pac.Ter.Uo. — l8t,g.,(>s
Sodua Bay& So.— lst.5a. g.
Gold, 6.S, 1923
lst,cou3.as8eut. 78, 1899
115"
ii"
Tex.Cen.— l8t,8.f.,7s,1909
James lliv.Val.— 1st. 8s
Han.&.St.J.— Con.88,1911 121=4
Couv., assented, 7h. 1902 11514
109
11;
l8t,73, 1911
N.O. Pac— lst.8.3,g., 19201
Hend, Bridge Co.— 1st, Os.
Adjustnieul, 7s, 1903... 110
97
ii
la
98
81
81'2
104
105
106
14
Tol.&O.C- l8t,g.,5s,1935
Norf.JkW.- Gen.. Gs, 1931
1st M.L.,78l
H.& ex
Conv. debeut., (is, 1908.
95
98
Tol, P. & W.— lat, 78, 1917
New River— l8t,6s, 1932 108
1st, Western Div.. 78t..
Leh.JtW.B.— Cou.g'd.as. ins 113
'OS'S
97=8
88
97
Imp, & Ext.— 88, 1934..
Trust Co. receipts
Anj.D'kiit Imp. —58,1921
1st, Waco& No,, 7st ... 101
103
87
78
13
Tol.A. A.A G.T.— lst,6.s,g.
Adjustmt. ^r.— 78, 1924.
2d, consol., main line, 8s
Chic. Mil. & St. P.—
124
50 14
135 13 136 "s
Tex. & N. O.— lat, 7s,1906
General, 8s, 1921
Ogd. * LakeCh.— lst,68..
let, 88, P. 1)., 1898..
-85
105
Sabine Div...l8t,68,1912
Ohio & M1S8.— Cons. 8,f.7s
2d, 7 3-lOs, P. D., 1898- 126 "4 127 12 Hous, E, it W.Tex.— 1 at.7s
89
Consolidated 7s, 1898...
Va. Mid.-M. Inc., 8.8,1927
lll.Cen.— Ist g. 4s, 1951.. '126" 109
l8t, 78, $ g., K. D., 1902, 134 14'
121
Wab.St.L.&Pac— Gen.,68
Spd.Div.— Cp.6s, 1898.
2d, con3o)idated,78,1911
l8t,LaC. lnv.,78,1893, 121 >2
87
126
111
OS's
Div.,
78.
Div.1910....
78,1897...
Reg.,08..,
IstSpringtield
Chic
58,
MiddleDiv.—
1st, I. & M.,
721a
93
Hav.Dlv.-88, 1910
C.St.L.&N.O.— Ten.I.,7s
Ist, general, 5s, 1932...
l8t,I.&D.,78,1899.... 128
106
Ind'polia Div.— 63, 1921.
lat, conaol., 78, 1897
Ohio so.— l.st, 6s, 1921 ...
lst,C. &M., 78, 1903... 132i>i
so"
133
135
8s,
1021..
1905
Cal.—
lat.69,1921
Detroit
Div.—
Consol. 7.S,
Ol eg-n*
2il, 88, 1907
134
95
98 J^
•lie's
Or.Arransc'l-6s,'l>2,1922
Cairo Div.— 5a. 1931
lst,78, 1.&D.Kiit.,1908
Gold, 5s, 1951
8S'"
ii9i2|i2mi
89=4
Wabasli— Mort.. 78.1909
Dub, ct ijA;.— 2d Dlv.,7a
Oregon Imp. Co, — 1st, 6a. •88
Ist, S.W. Div,, 6s. 1909
Oreg'uRR.&Nav.- l8t,68. 11213
T0I.& W.— Ist.ext.. 7s 114 115
Ced. F. & Minn.— Isti 78 i2()
isfi 5'8, LaC.A bav. 1910 ' 106
105
T a+ w -Villi,, iiiw fiu Kim 118
l8t,S.Minu.Uiv.,6s,1910
lat, St.L. Div.. 7s, '89. 100
Ind.Bl.&W.-lst, prel.,78 1'20
Debenture, 78, 1887....
102
99
107 14 107 "s
8
100
Oils
2d. est.. 7s, 1893
ist, 11. & D., 78, 1910...
1st, 5-6.'^, 1909
Consol., 68, 1925
6
122
123
83
Is
85
Chlc.APac.Div.,U8,1910
Equip'tbda..78. '83.
2d,5.8s,1909
Panama—S,f,,8Ub.68,1910
80'
90 Hi
107 li
Cousoi. conv.. 7s. 1907
l8t,Chic.&P.\V.,5s,1921 107
Eastern Div.— 68, 1921. 102 "a .03 'e Peoria Dec. & Ev,— lat 6s
109 '3
107
l8t,6s.l920
Mln'lPt. Div., 58, 1910 lob's
Indianap.D.itSiir. — l3t,7s
Gt. West'n— Ist, 78,'88 110
Evans.Div.—
93 1«
98
2d. 7a, 1893
C.&. L.Sup.Div., 58,1921 105
Int.iOt. Xo.— lst,68,gold 114' 115
Peoria ife Pek. U'n- lst,6s
.90
Q.&Tol.— l.st, 78. 1890 •90
W1S.& Mln.Div.,5s,19zl IO8V1 106 "a
Coupon. 68. 1909
Pacltio RR,—
106!^ lUoii Ken. Cent.— Stinpd, 4,p,c. "67"
69
Teiiuinai 53, 1914
Han. & Naples— lat,78
Cen. Pac— Gold. 68
Ill.ifeSo.Ia.— lst.ex.,6s
Fargo <t So.5s,A88U.,'24
Knoxv. & O.— lst,6s,1925 86 '2 97
San Joaquin Br.— 8s
St.L.K.C.&N.— R.e.76 112
Ohic. & Nortliwest.
Lake Shore & Mich. So.—
Cal. & Oregon— Ist, 8s
98
91
143
Consol. bonds, 78. 1915. 142
Omaha Di%-.— 1st. 7s
Cleve. P. <fc Ash.— 78.... 1161a
Cal. ifeOr.— Ser, B., 63.
1'22=4
137^8
Bulf.&Erie-Xew bd8,78
Ciar'daBr.— 68,1919
Coupon, gold, 78, 1902..
Land grant bonds, 6s.
90
i'si"
106
Eegist'd, gold, 78, 1902.
St.Chas.Bge.- l8t.8s
Kal. & W. Pigeon— 1st.
West. Pac. — Bonds, 8s-Sinking fund, «s, 19'29.. lis" 120:4
No. Missouri — lat, 7a. 117
Det.M.&T.— l8t,78,1906 120
No.R'way (Cal.)— lat,8a
Sinking fund, 58, 1929.. 108 la lOS's!
Lake Shore Div. bonds 123
W.St. L.& P.— Iowa aiv.,6s
So. Pac of Cal.— Ist, 6s. 107 '8 108
107
131-3
Slnk'g}d„deb.,5a.l933. 106
Consol., coup., 1st, 78.
Trust Co. Receipts
So. Pao. of .\riz.— 1st, 6s •104 14
103=4
25 year.>^ dell., 5s, 1909.. 105 "a 108 '2
Consol., reg,, 1st, 7s .. i'is' 129=i
West shore— ist. guar., 48 102=4 102 ''a
So. Pacof N. Mex.-lst,8;
124=8
Eacanaha tfe J,.s.— 1 8t,6.'^ 116
WBSt.Un.TeI.-7s, 1900 .. 116
Consol., coup,, 2d, 7i
Union Pacitic— Ist, 8s. 117=8
117
118
•124=8 l'24ii8
DesM.AMin'ap. — lst,78 128 138
Consol,, reg., 2d. 78
7s, 19011, log
Land grunts. 7s, '87-89 104
108
118
no's
104=4
N.W.Telegraph.— 78,1904
Iowa Midland— 1st, 83. 135
MahoningCoalR."l8t,58
8s,
'93-Slukingfuud,
83
82
120
PeninBula— Ist, conv. ,7s 128
Long I8l. HR,— lat. 7a, '98
Reg.,8s, 1893
Mut. Un.Tel.-S.fd.6s, 1911
931a 9413
111=8
CWc.&Mllw'kee— l8t.7» •126
Col.lL'.ife Ir.Co. — l8t,con.8s
Ist, conaol., 58, 1931
Collateral Trust, 88.
Ir.—
Cons.,
Win. .6 St. P.— l8t,7e,'87 104-'%
N.—
Cous.7s,'98
1907
tfe
88
118'a
58,
Tenn.C'oal
Loui3v.&
Do
"96"
132
2d, 78.1907
CeciUau Br'ch. -7s,1907 107
So. Pitts,— lat, Ua. 1902.
Kans. Pac— 1st, 68, '95
MU.<t Mad.— lst,ea,1905 118
N.O.&Mob.-lst,68,1930 100=4 101 -a
Income IIoimIm.
1st, 6s. 1898
89
ennuifi.
1930
tinnnble
Ott.C. F. & St..P.— lat.58 -;o8
90
(InUrent
if
'2d, 68,
Denv.Div.8s.a8a..'99
21
North.lll.-l8t 5s, 1910. 108
.02
Atl. & P.ac.— Inc., 1910...
E. H. A N.— let. 68, 1919 116
1st, consol., 8s, 1919.
O.C.C.*Iud's— 1 3t,78,s.f d. 124
Chic, ife E. 111.— lucoine ..
General, 6s, 1930
C.Br.U.P.— F.c.,7a,'95
"is
126
1914
E.T.V.&Ga,-Inc..8a.l931
Consol. 78,
Pensacola Div.— 68,1920
AtC.&P.— Iat.8s.l905
MKi 89 'b
Consol. sink, fd.,78,1914 125
Or.BayW.itSt.P.— 'Jd.iuc.
110
St. L. Div.— l8t, 6s, 1921
At.J. Co.&W.— Ist. 8a
General consol., 68,1934 102 ia 1023j
52
102
Ind.Bl.&W.— Con., inc.,6s 33 7, Sit
60
2d, 38, 1980
Oreg. Short L.— 1st, 6s
•30
P.
Mill.
&
Om.
121
Spr'd2d,inc.
Ind'sDecA
Ohlc. St.
J< aahv. & Dec— 1st, 7s
Ut. So.— Gen., 78,1909
123 ij
Consol. 68, 1930
Tru st Co. receipts
S. & N.Ala,— S.f. 68,1910
Exten., Ist, 78, 1909
"94" "sT"
100
C.8t.P.,feM.— Ist68,1918 127
Louisv. C. & L.— 68,1931
Leii. & Wilkesb. Coal— '88
Mo. Pac— let, cons., 6s.
25
1930.
101
—Ist,
6s.
133
No. Wis
Lake K & sv.- Inc., 7s,'99
Trust bonds, 68, 1922.
'4 101=8
3d, 7s, 1906
21
127
8t.P.AS.C.— l8t,68,1919
Sand'ky Div.— Inc..l920
10-40,83,1924
87
Pac. of Mo.— Ist, 8s ..
60
40
CMc.&.E.IIl.— l8t,8.f.car 12113
Laf.Bl.&Muii.-Inc..7s,'99
Pens. &At,— l8t,88, gold
89
1891
7s,
2d,
113=8 L. Erie &W.— 1st, 88, 1919
Consol,, 1st, 68, 1934.
94
Mil. L. Sh. &W,— Incomes 103 'a 105
St-L.&S.P.— 2d, 6b, CI. A
Ohlo.st.L.&P.— l8t,oon.58
99 "a
52'a 64 >a
Sandusky Div.— 68,1919
Mob.& O.— lst,prt.,deben
84
6s, Class C, 1908
33
80
Chic.& W.Iud.— 1 at, 8.t.,68 105
111=4
Laf. Bl. & Si.— l8t,68.1919
2d, pref., debentures
6s. Class B. 1906
33
Ill's Louis v. N. Alb. &C.— 1 St, 68
Gen'l inort., 68, 1932 ... 105
110
3d, pref., debentures
Ist, 88, Pierce C. A O.
Ohlc. &St.L.— l8t,6s,1915
Cons, gold, 63, 1918 ....
4th, pref., debentures.
Equipment, 78, 1895
Inc.,6s
CoLdt Oreen.— lst,68,1916
N.Y.LakcE.&W.—
1931
Lon. N. O. & Tex.— l8t, 5s •90=8
6s,
Gen. mort.,
3G
32
2d, 63,1926
ManliatB'ch Co.— 7s,1909 '82 "a
l«t,68
Ohio .So.— '-'d, inc., 69,1921
So. Pac of Mo
62
85
86=3
Col. H.Val.& Tol.— l8t, 58
N.Y.&M.B'h-l8t,78,'97
PeoriaD.* Ev.— Inc., 1920
Kan. C.<t s.— lst,6s. g
1920
Bel. L. & VV.— 78,conv.,'92 1163,
N.Y.B.&M.B.-lstc.,g5s
Evansv.Div.—
Inc.,
S.&V.B.Bg..-lst.88
Ft
50
Mortgage, 7a, 1907
Vsi" Mem.&C'has.-8s,gliS,19'24
Boch.&Pittsb.- lno.,1921
Tex.& Pac— lat,8s.l905
Byr,Bing,&N.Y'.— lst,78 i33" 133-s Metpu. Elev.— l8t,68,1908 118=4 119
Rome W. & Og.— Inc.. 7s. 69 la
Consol.. 88, 19051
24=4 26
Morris A Kssex- 1st, 78 '142 '4 1421.,
Ry.—
Inc.,
Oa,
1931
110
Car.
•2d.6s,1899
gr.—
reg
So
no's
Income A Id.
60
2d, 78, 1891
St.L.A.&T.H.— Div. bits..
113'a
MexCent.— 1st, 78, 1911 •38 'a 40
Rio G., 6s, Aug. cp. on
Bonds, 7s, 1900
Ist, M., 7s, ex-cp.,6,7,&8 >3S
39
ex Aug, cp.
St. Jo."* O'd l8l.— 2d, inc. "dli
Do
7B0f 1S71.1901
•36
129
36
Free
I.isl.
New assented, 48
Gen. mort. & ter. 68 ..
14
88 >s
30
-136 138
Ist, con., guar., 78
Iron Steamb.Co.— 68,1901
Mich Cent.—t:ona.7s,1902
130
Pennsylvania RR.
104
N. Y. I.aok.& W.— l8t,6s 127 130
JefTeraon- l3t, 7s
Consol,, 58, 1902
10913
Pa.Co.'8guar,4'3S,lst,cp|
91
Construction. 5s
So.,
iiiinr.8s.l.S99
109 110'
int.
fis.19119
'a4i3S.
N.J.
reg., 1921-1
Pa. Co.
'
C—
—
.
—
.,
<!fe
.
.
.
—
"
I
C—
—
.
.
—
.
.
—
.
*
No prloea Friday
;
tliese
are latest qaoMttoiu
made ttiis week.
t
CoapoDS
off.
.
Hay
15
—
!!
THE CHRONICLE
1886.J
BAILROAD EARMNttS.
ZiOtatt
BOAOS.
iV
Bo»t.
WtekorMo
*
Ji W.
I'liU.
1U85.
1,300,352
.
T.
II.
l()(),.'iO"
Miiiih
.
Jan. 1
Rtporltd,
1886.
8. F. Marob
rot(>iiino{.Miircti
Atoh. T.
Bait.
Saming$
...
10
LalM DaU.
1886.
188&.
9
«
346.139
122,839
41,137
3,228,902
301,10 1
4 1.7()0
7o|.r7-
l,5,81t.S
19.H11)
(13.311
73,308
IrttwkMay
l<i.">,0<)0
126',6(k'!
2,5ho.5wI
Ut wk May
24.074
20,010
208,775
53.307
128,528
lij.'.i.:.-,
309,'.I(1CI
:i.-.il.232
13(i,470
2,410.9J'J
5,440,41(1
2.,-i9;i,115
liiwii.
A
.
.
Ohio. Marcli
3:i8,l.')4'
Klli.I.ex.Ali.!<. .Marcli
Ches. O. it S. W. March
74,y,S4i
13i»,004[
ia0,«3!)l
ClU'Kap.
Alton
Clili'iuri> \-
* Q
Clilo. Bull.
Ka»I.
Clilo.
A
l.st
wk May
i.Miircli.
2,223,4
...
in.llstwkMay'
Chic. Mll.&at.P. UtwkMa.N
Clilc. & Nortlnv. l.st wkMay
ai.St.r.Mlli.AO. 1st wk .Mi.y
Chic. & \V. Mlcli., Isl wk May
Oin.Inil.St,L.AC. Istwk.May
Oil. N. O. AT.P. 4lhwk.\pi
Ala. Ut. Soiii h. Itli wk Api
N. Orl.
N. E. 4tU wk Apr
& Mer lltliwk Air
Sli. A P. all wk Apr
l-<,3.-.X
!),«:i2
wk Apr
wk Apr
42,38(>
30,5.52
12,307
12,570
24,400
250,015
160,851
10,443
&
A
Daubiiry
12.0,i7
28,70'.!
292,520
105.730
Nor. .March
16,0(>U
97,331
08,000
5,170
10,6.')y
344,023
13,244
44,313
35,582
300,598
Marq.letwkMay
A
PtWorlh&Dcn. April
Wk May 1
Grand Trunk
I'.
.
.
.
!
Or. B.W A8t. P. .March
GulfCol. AS. Fc. Ai>ril
A Tex.C.
3.">,404
157,022
185,839
102,500
2,000
15.500
l-'eliriiary..
IU.Oent.(IU.ASo| latwk^I^y
1st wk.May
Dub.ASlouxC Istwk.Mav
Cedar F AMiii.
la. Fall.sA.S.r. IslwK MayTot. Iowa linos Ist wk
Total all lines, istwk
11,300!
2l).40O
May
May
l!)l,i)00|
Ind. Bloom. iV W. Istwk .May
Ind. Dvr ASpr. April
48,589
20,118
wk Apr
A M. 4tli wk Apr
02,0.53
K.C.Ft.S.AQiUf. 4th
C. 8p.
C. C'l. ASp.
35,077
0,747
03,722
10,020
238,015
94,470
187.019
14,554
115,171
80,100
147,828
40,500
10,255
120,092
31,223
128,240
187,350
14,993
1,404.950
482,751
320,832
4ihwk Apr
wk May
Lo\il».Ev.A.St.L.|3d wk Apr.
Long Island
list
Loulav.ANashv.llstwkMay
Louisv.N.O. AT.jApiil
Maine t'eniral Fchruary.
Mar.UouKh.A O. 4th wk Apr
Hem. A
412,300
2i.:iJl
34,028
Deny. A Klo Or Istwk May
Denv. A R. U.W.i April
De«. Mo. A Ft. D. Istwk .May
DetLans'gA No.ilstwk May
E.Tenn.Va.AOa. March
Evansv. A T. H. Istwk May
Kan.
Kan.
I
W2
100,1100
8.'),211
Uoik.V.AT.lApiU
Hoiis.
;io.(ii
429,
IIII.OOO
3-l,2!l>)
Clov. A Oiiiton. March
Clcv.Col.C.A [uilFeliruary..
Flint
27,ss:t
,(i:i'.i,iio
25,5S5
44,200
69,669
28,662
22,277
11,035
9,075
Cln.Wiwli.A Ball 4tli
Clev.AkroiiA Col ttU
Col.
1
3ti 1,00(1
3-< 1.000
Viok9li.
Vlchs.
I
Ciiariea.[Miirch
•Mexican
Istwk May
('ent'l.j
•Mex.N.,«ll lines April
Mll.L.Sh. A West, istwk May
Hllwankno A Nol 1st wk .May
Mlnu'ap.
A St. L.
February..
Minnesota A No. .March
Mobile A Ohio. .'April
Kash.Ch. A8t.L. March
K. Y. City A No Apr. 21-30
I
N. Y.L.Erie A W.J March
N. Y. Pa. A O.Maich
N.Y.&NcwEnK. March
Ont.A W.. Ut WkMay
R.Y.SiLsn.AWcst March
ir.Y.
123,032
89.179
A
395,!llll
Waw York
'.>ll,08i
Marohants'
H72.r,r,
1
]'.t7.l:i:i
568,072
7,168,000
7,118,232
1,824.113
441,450
854,210
857,910
378,254
216,511
109,443
. .
10,485
113,162
128,428
186,737
11,057
209,249
440,108
203,934
91,098
123,090
44,433
483.300
877,005
341,591
38,809
225,527
63,788
89,000
109,141;
377,935
1,009,441
232,801
754,110
109,797
4,901,510
593,385
410,805
3,335,044
51,329
286,324
191,003
529,256
3,804,900
801,907
124,977
780,200
448,408
07,892
765,500
230,040
4,404,807
521,408
374,170
109,939
330,509
wk May
Bt.L.A8ati.Fran. Istwk .May
Bt.PaulA Duluthl Istwk May
Bt.P..Miir., V.Man.! April
Bcioto Valley.. (March
Bouth Carolina. .February..
Bo.Pac.(!oinp*y—
Gal.Har.AS.A iMarch
Q.W.Tex APac| March
Louis'a We.st.
March
Morgan's I.AT .March
N.Y.Tc.x.AM. March
Tex. A N. uri. M.trch
Tot.At.SystomMiirch
.
...
22,024
27,513
19,050
77,743
23,817
011,700
58,729
120,054
175,584
2,742
45,037
332,018
10,350
30,803
10,(J75
72,029
19,183
712,408
121,494
225,918
51,932
338,715
7,3 14
63,224
627,120
75.543
692,108
Tot. Pac. 8ys.. February.. 1,789,045 1,450,140
Tot. of all
February.. 2,45(i,197 2,111,04
I
1
Tex.
A
4th wk Apr
April
20,038
20.410
20,705
20,503
Union Pacitl;..... March
1,954,208 1,975,517
Wab. St, h. & P. latiwk May •222,858. 194,508
tWest Jersey... March
82,401
91,040
Wlacoiisin Onnfl 3il wk Apr.
2M,6,55'
28.627
8t. I>ouis
Tol. A.A.
AN. M
,
I
0,233,509
529,122
7,300,710
7,102,154
1,0(W,211
39H,371
822.373
3.-j(V,775
293,640
3,722,525
3'<,992
277,062
197,101
513,156
4,235.081
774.356
105,088
803,041
591,755
544,417
537,033
206,392
194,387
532,407
380,514
189.493
235,724
587,308
557,521
159,753
3,900,537
1,337,902
860,021
685,559
540,042
121,920
3,459,403
1,170,775
Oallatin National.
Batohers'ADroT.
Mechanics'
391,140
347,123
219,010
1,380,013
334,770
2,033,959
153,809
214,429
230,208
888,853
1,270.025
2,092,823
909,770
143,055
669,.501
1,106,301
Y
Araerlc'n Rxoh'fe.
Commerce
.. ..
IJroadway
Mercantile
...
Paciflo
Repnblio
Chatham
Peoples'
North America
Hanover
..
Irring
Cttiiens'
Nassau
Market
Nicholas
A Leather..
Kxchanire ...
Continental
St.
Shoe
Com
Oriental
[mportera'A Trad.
Park
North River
East River
Fourth National..
Central National..
Second National.
Ninth National...
First National.
Third National ...
N, Y. Nat. Exoh..
Bowery
N. Y. County
Qerraan-.Vmeric'n.
Chase National...
Fifth Avenue
Oerman Exch'nge.
Oermania
...
Lincoln
Oarfleld
Fifth National....
B'k of the Metrop..
West Side
Seaboard
Sixth National....
7,861,100
Total
The following are
1886.
totals for several
Loaiu.
Specie.
9
3
2^19,993
251,101
107,022
449,587
141,509
330,092
381,95(>
400,753
254,457
1.395,987
281.125
2,145,761
241.106
1,0.50.322
971,673
1.1,3,653
226',.573
2,028.0.50 2.009.978
3,063,087! 3,13.1,242
4,464,617: 4,457,112
Tmdsn.
past:
OfnuIoMon An- Cl—r'm
DetotfU*.
9
«
I
M'y 11351,298,400
72.976,(300 33,249.700|372,801.»00
Hl350,659,300!70,918,il00 33.275,5U0la72,3'28,lOO
7,911.400 51i,6S0.841
7,888.900 A07,434.ee8
7,d81.l00:6>4.147,8»0
Boston Banks.— Following are the totals of the Boston banka
306,555
Specie.
XiOani.
I
5,2i.V..i'l6
4,142.843 4,0.50,545
209,469
223.566!
419.488
398.0951
FlKures have been adjusted bo ns to make the basis of comparison
the same fn boih years, the earnings of West Shore trains In 1886
liavlDg been eliminated.
t And urauouus.]
L.
Tmitrt.
DeiKwit*.'
CIreulatteR
Philadelplila
.Igg.
S
9
Apr.24'l49.133.300 10.535,000
1 149.841.700 10,27a,8l)0
M^y
'^
8 150.780.800 I0,5t3.500
t
ClMf'd
67,8(13.1 8S
2,988.400 109,369,100 18.815,700
3.15»,300 110,409,600 18,39X100
4,298,b00 111,940.800 18,269,500
71.840.546
80,153,6BS
the Philadelphia banks
Banks,—The totals of
are as follows:
1886.
Apr. 84..
May
•
1
InolodlQg
LoanJ.
Lawful Monty.
i>eiwi4t<.>
9
9
9
5.994,800
8S,360.!fOO
6,0-i7,.l(10
85.604.000
6.031.500
tlie
84,349.600
24,097,400
84,409.500
24,0rj.900
84,H9,000
24,320,600
Item "due to other banks."
Unlisted Securities.—Following are
week
D., Ist. oldl
Air L.. stock
47.461.267
5:<, 170,934
58,02i.aa8
latest quotations for
—
Ohio Cent.—Cent
Incomes
95
93
X 108
Incomes
96
Agua.Nav.A Imp.Cc.bds
Boat. U.
A E.—Nev stock
Old
Boat. H.
a
•
Cont. Cons. Imp. Co
31>!i
Cen. A R.O.con. O.S.tr.cer, 9:i
38
58
40
U. 8. TruHt certs
16
Denv. A Rio Or.W
Ben. * R. O. W„ Ist M.,
Guar, by D. A R. O...
100
F/dlHon Klectrlo LiKbt..
Ueorxia Pac— Ist mort. 6», 109
'2d
mort
"i\
"s
Tex.A8t.L.MAAI>tv
M. A A. DlT., 1st mort..
Incomes
1st mort..
46 >a
6
la
4
as<«
M.K.AT,— Inoomesonp.. 89
Stock.
N. Y. M. On. Tel
North Riv. Cons 100 iko
N. Y. W. .sh.* B.— Stook.
68
North.
9t><
Pac— niv. bauds..
Ohio Cent.— RIv.
niv.. 1st
33^
ll'J
8%
TB
34
Stock
Texas A Pac.— Scrip 1884. 33
33
Kcrlpl886
Texas A St. Louts—Sat>s. 115
10
Pref
Cent, trust cert
Pensaooia A Atlantic.. ..
Pittsburg <t Western ....
1st mort.
Postal Telenapb— Stock.
TeLAOabl»-8took
>i
>•
Bonthem Tel.—Stock..
ao
1st mort. bonds
XSs
70
Tenn.—
t'et't
State
o(
eo
a3^ St. Jo. * Grand Isl„ 1st X 106 108
1
mort
Motor
Mexican Dds— Woodho'se
Mexican National
cert
Postal
1st uiort
mort
Btd.
tr.
latmort..es
T.4 W6St.-8tt.
Delientures
Brooklyn Elev'd-Stook..
1st
I
SeeuHUM.
BU.\Aik.
4 Pac—C.
Atla. A Char.
Ist mort.. gen. bonds... 124
'2d
I
past:
Stcv/ritiet.
Atl.
OiTcvialUynS Alt. Clsor'ti
85,441,600
»fpelv
S,0'i7;378
L.
weeks
Apr.24 351,542,800,74,742,300 32,380.700 375,197.800
191,018
200,279
090,077
5,500,513
2,808,880
1,297,202
674,079
410,109
N.
-Htat* of
9,988..59e
578,750
13,146
142,039
29,104
215.2891
dk Tr..
Oreenwich
I.eatlier Mannfrs.
Hevenih Ward
720,451
* MoxlCi^D i'lirrency.
t
Ohemiual
Merchants' Bxoh
1886.
245,211
mm
America
Phanlx
City
TradMinKui'i
Pnlton
Onited States
72(i,069
1,330,032
I
BtUAltonAT.H. 4thwkApr
Do Branches. 4th wk Apr
"7.030
193,892
4,942,947
393,949
308,919
84,307
351,705
1,343,718
I
at
I
203,071
120,315
308,581
1,004,180
227,048
040.119
110,437
4,037,158
'
1
77;i.77i»
279,I,')S
I
tid. Isl.
.H28
08,082
6,147
22,223
324,401
14,049
39,777
30,923
274,506
25,351
85,130
144,937
173,286
1,810
13,550
10,039
25,999
199.285
41,305
19,450
50,799
34,083
I
A
I
l,84(i,843
I
Bt. Jo.
1
45,008
69I,(i51
West. Istwk May
47,i)83
1,014,243
Northern Cent'L March
400,147
1,291,231
Northern PaclUc April
987,922
2,920,008
Ohio A Miss
.March
854,309
305,759
Ohio Soiithem.. April
34,018,
101,733
Oregon Imp. Co. .March
565,435
180,029;
Oreg. R. A .N. Co. IftwkMay
77,713'
1,403,48(>
Oregon Short Ui February.'.
104,330
217,580
Pennsy Ivania. Maroli
3,901,855 3 ,635,374' 10,872,800
Peoria Dec. AEv. 3.1 wk Apr.
203,957
11,425|
9,303,
Phlla. A Krle... .March
290,040' 260,400
742,490
Phila.AReailina March
2.290,118 1, ,9 19,.502 6,300,944
Do C. A I ron .March
,054,409i
1,081,37011
2,722,512
Blohm'dADanv. April
310,800! 301,0971 1,358,354
Ch. Ool. A .\'ig. April
54,4G7j
52,828
285,017
39,4X1
CohunbiaAGr.J.Vpril
41,102
253,420
Georu'la Pac... March
57,024f
04,195
188,799
Va. .Midland.. April
440,651
127,004] 124,094
West. No.Car. April
30,05(>,
39.845;
101,94
RonieWat.AOK. .March
395,088
152,8271 123.287
Norfolk
I
1,9 12,9 k;
1.50,122
619,301
150,943
71,109
578,253
U,000
10.77./ ooo^
,..,
....
Manhattan Oo
Meoltanlos'
2,l'i-..378
105,O7.i
21,7-,5
l«M.
83S.0H!!
814,020
383,375
258,716
140,923
112,822
599,440
140,475
00,072
537,016
711,118
41,092
59,756
13,530
248,075
80,101
185,725
8,055
109,252
73.471
131,080
*Mr»f AmtuiU at—
.Jil.Ki'.l
3sil. 11(13
171,i;!)7
4i>.(iH7
I
188«:
8,
,m;,jo2
Buff. Ki'(li..Vl'ltt iMtwkMuy
Biir.Cc'l.K.A No. liliwkAiir
Cnlltor.iSoutli'ii April
Ceuinil
week endinK May
3,520,581
315,152
12M.'J1I7
47.1(Hi
C»ni>ill»nl'ai'lllc
New York City liankN.—The followlnK lUteniDnt nhowt the
condition of the Awtociatod Banks of New York City for th*
Bankf.
li-twUMay
Buff.N.Y.*
601
ss
cs
3*«
la
A
f
48
sr
tno.a«.u.
Cien. Isl.ld.irr.
Stock del. when Issaed.
lo"
18
i»'*
1st M.. del.whenlssaod.
del. when Issued.
Tol.
U. cen. com. stook.
H><«
•1
15
35
Pref
C. S. Eleotrlo
35
13
3
ad M..
A
Vl< ksb.
>
m Texas.
4
43
8
A
1st mort
ad mort.
tncomea
Uaht
Mertdton
M>s 39 >
4
....
64
:
Virginia 8tat« 3 p.
e.
bda-
..
.
THE CHRONICLE.
602
The Investors' Supplement contaim a complete exhibit of
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,
the
April, June, August, October and December, and is furnished without extra charge to all regular subscribers of the
Chronicle. Extra copies are sold to subscribers of the
Chronicle at 50 cents each, and to others than subscribers
[Vol. XLII.
" During the past year the Atlantic & Pacific Company ha»
extended its Central Division in the Indian Territory (which
has continued to be operated by our company) for a distance
of ten miles west of Red Fork to Sapulpa. This completesanother section of twenty-flve miles of road and enables the
company to call on the United States Government for its
examination and acceptance. On this line there has also been
completed a new and permanent iron bridge across the Arkansas River at Tulsa, to replace a temporary structure."
The Land Department sold in 1835 only 14,085 acres of the
Missouri Pacific grant for $37,460. The assets of the Land
Department December 31, 1885, included
;
Lands uusold (145,090
Town
$334,438
39,900
324,335
147,459
acres)
lots
Contracts
Casli andoasli items
Total
at $1 per copy.
$896,183
KANSAS CITY & SOUTHWESTERN RAILROAD.
A
ANNUAL REPORTS.
St.
Loais
& San
Francisco.
(For the year ending Dec.
31, 1885.)
of stockholders in St. Louis the following directors were elected for the ensuing year Jesse
Seligman, C. P. Huntington, Jay Gould, Bryce Gray, Russell
Sage, I. E. Gates, John Paton, Horace Porter, George Coppell,
William F. Buckley, Edward F. Winelow, Walter L. Frosc,
C. W. Rogers. The new directors are Messrs. George Coppell,
Co., and John Paton.
of Maitland, Phelps
President Winslow says in his annual report: "The decrease
in gross earnings was more than offset by decreased expenses,
and a less amount paid for rentals during last year because of
the use of our.'own freight station in St, Louis, and of a reduc-
At the annual meeting
:
&
" company was formed to construct a railroad from Kansas
City southwesterly into Sumner County, in Kansas, a distanco
of 235 miles. The parties building this road began its construciion southwesterly from Beaumont, a station on our
Kansas Division (458?a miles from St. Louis) and completed it
through Winfield, the county seat of Cowley County and
Arkansas City to the south boundary line of Kansas. When
this road was about finished, a lease of the property to the San
Francisco Company was entered into, running 93 years
from Jan. 1, 1886, on the basis of 35 per cent of its gross earnings, the minimum rental, however, not to be less than interest at 6 per cent upon $744,000 of first mortgage bonds (issued
own $1,061,800 of the
at the rate of $13,000 per mile).
full paid capital stock out of a total issue of $1,338,800.
The
length of the road now in operation is 63 miles. No more can
be built except as may be decided by your directors."
The comparative statistics for four years, compiled for the
Chronicle, are as follows s
We
tion in general terminal charges consequent upon the completion and operation of the San Francisco Railway from Pacific
OPERATIONS AND FISCAL BESULTS.
to St. Louis. The ratio of operating expenses for 1885 was
41 Sl-lOOths per cent of gross earnings that of operating
1882.
1883.
1884.
1885.
expenses, improTements and taxes was 44 48-lOOths per cent. Jllles operated
815
725
814
776
—
Operations
This continued low percentage of expenses is creditable to the
Passengers
carried..
428.987
612,127
535,094
343,811
practical management of the company's roads, which have
Pafsengerimleagc.. 20,148.500 25,872.527 32,796,181 32,165,971
been maintained in the usual good order and condition.
3-68 cts.
3-26 cts.
2'37 cts.
287 cts.
Rate per pass. p. m.
" During the year 2,600 tons of 67-lb. steel rails were used to Freight (fiis) moved
950,223
753,-573
784,735
962,630
(tons)
miles.
217.070,263
Freight
137,334.335
162,384,768
216,951,999
rails
taken
up,
and the cost of this charged to
replace iron
1-57
1-43
1'93
1-72
cts.
Av. rate per ton p. m.
cts.
cts.
cts.
operating expenses. Of the tot^l main track 714 miles are now
Earnings—
$
$
$
leaving
miles
rails,
1005^
of
good
iron
rails
replaced
to be
Bteel
906,576
741.388
842.266
941.161
Passenger
3,120,768
with steel." * • *
2,793,503
3,406,414
Fi-eight
2,643,383
356,062
182,469
260,796
296,021
MaU,
express,
(be...
company,
"The present bonded indebtedness of the
$26,026,000, includes the two special equipment trusts,
4,643,596
4,383,406
3,572,240
3.896,565
Total
amounting together to $1,116,000, of which $40,000 of
Operating expenses—
446,276
the equipment 7'b were drawn in December, 1885, for Maiut'oeotway, itc.
481,.535
431,032
462,437
634,579
558,245
735,732
470.496
p^ment June 1, 1886, when interest ceases." » « * * Equip.&mot. power.
603,481
638.300
421,125
498,137
" The changes in bonded indebtedness during the year Traiwp'rt'n expons's
H4.39»
81.125
93,768
95,0
Taxes
have been as follows: $1,939,000 of general mortgage General and miscel.
125,298
101,609
101,724
117,108
25,715
137,202
80.760
89,891
6b and $385,000 of equipment 6a— together $3,334,000 (all of Extraordinary
which had been previously issued, as stated in the last annual
1,949,744
2,135,378
1,625,781
1,823,128
Total
report; have been sold. These had been pledged for borrowed
2.433,662;
2,073,437
2,508,218
1,946,459
money prior to their sale. The proceeds were applied in pay- NeteamlngB
INCOME ACCOUNT.
ment of the money so borrowed. There have been retired and
;
U
—
canceled during the year $191,000 of bonds as follows: $60,000
of equipment 7s (not including the $40,000 drawn as above
1881.
2,073,437
24,376
2,508,218
14,836
2,433,66a
19,782
2,003,316
2,097,813
2,523,054
2,453.444
1,099,343
315,000
7
85,410
1,343,436
1,326,203
1,751,215^
$
$
equipment 6s, $80,000 of trust 6s of 1880
and $5,000 of 'Missouri & Western' 63.
" In May, 1885, by the affirmative action of more than fourTotal net noome.
Disbursements—
fifths in amount of the original capital stock of the company,
& routs
Iut.,8ink.'fd.
it was voted to increase the authorized common capital stock
on Istpt. stock.
five millions of dollars.
Such action was contemplated in Divs.
dividends
Rate of
stated), $46,000 of
1
1835.
1883.
1,916,459
56,857
1832.
Reeeipl*
Net earnings
Other receipts
315.000
7
4,733
the stockholders authorized the 'general morgage' Misoollaneous
to secure an ultimate issue of not exceeding $30,000,000 of
2,070,947
2,141,445
1,669,440
1,499,754
Total disbiursem'ts.
bonds thereunder, the statutes of Missouri prescribing that the
382,497
381,609
428,373
503,562
issue of bonds secured upon the franchises and railroads of a Balance, surplus
corporation shall not be in excess of its authorized capital
GENEBAL liALANCE AT CLOSE OF EACH FISCAL TEAK.
stock.
Since the company was organized, its mileage has
1884.
1885.
1883.
1882.
increased 178 per cent, while this authorized increase of the
$
$
51,067,404
49,020,969
41,384.219
capital stock is but 20 per cent of the original amount. This RR..bIdg8,equip.,&o. 42,061,082
872,350),
972,350
.551,785
action was deemed necessary and advisable in order to place Stocks owned, cost.
5,469,349
469,556 5
469,556
469.556
owned, cost..
the company in a position at any time to extend its lines or Bondsreceivable
2,436,53 5
2,763.917
1,735,335
1,032,512
Bills
acquire new properties by the sale of such of the general Materials, fuel, &c..
162,096
118,S67
99,061
103,758
321,062
292,429
232.178
156,348
mortgage bonds as are not reserved and appropriated to retire Cashoa hand
6,1«3,422
4,634,935
acctst..
the previously-issued bonds. The new bonds can be used only Construct'u
122,494
174,775
72,261
81,458
Accounts receivable.
for the acquisition of new properties, on which this mortgage Open accounts and
501.497
943,455
205,032
188,451
shall be the first hen. General mortgage bonds to the amount
miscel. items
of ifive millions are therefore now available for such purposes.
49,285,363 51,422,301 53,877,926 60,769,046
assets....
Total
The bonds issued under this mortgage and outstanding bear
Lietbitities—
interest at 6 per cent, but it is expected all the others can be
10.500,000 10,500,000 10,500,000 15,.5OO,O0O
advantageously sold or disposed of when necessary, bearing a Stock, common
Stock, preferred .... 10,000.01)0 10,000,000 10,000,000 10,000.000
1881,
.
when
less rate of interest.
" The steel and iron bridge at
Van Buren
315,000
7
11,004
315.000
7
242
4.5(10.000
4,500,000
4,500.000
4,500,000
20,361,000 22,102,000 23,893,000 26,026,000
170,138
174,870
169,895
158,891
400,750
459,831
346,251
297,445
Couponsdue
330,S15
318,514
317,147
289,916
Cnrront aocoiuits ...
220,752
1,644,768
1,424,995
1,120,391
B Ua payable, &c
-- ~
451,077
Land Department...
700.000
Pacific Improve. Co.
1.'>7,.500
157,.iOO
159.180
152,212
Dividends
144.226.
96,780
102,045
76,435
Other accounts
2,566,572
2,184,075
1,802,468
1 ,374,096
Income account
Stock. 1st pref
across the Arkansas
Fort Smith & Van Buren Bridge
Company is the owner of the bridge, but all of the capital stock
of that company ($500,000 in amount) is owned or controlled
River has been completed.
St. Louis & San Francisco Railway Company, whicli
has guaranteed the Bridge Company 's^first mortgage twentyflve year bonds issued for construction cost. The total amount
required to pay interest on the bonds, together with the cost
of maintenance and taxes, will be about $36,000 per annum,
by the
&
.
of which the Little Rock
Fort Smith Railway Company
will contribute not less than one-third, under a contract with
the Bridge Company running thirty years from April 1,
Bonds
Interest accrued
Total
liabilities
.
49,285,363
51,422,301
53,877,926
60,709.915
As follows St. Louis & San Fran, common stock, $3,662,600 pref.,
$281 600; Ist pret.. $83,355; stocks, bonds and obligations o£ othM
torporatlons, $1,491,601.
charged off in 1884.
t These accounts were
*
:
:
.
:
May
THE CHRONICLE.
15, 18S6.]
Lonis Alton & Torre Hante.
(For the year ending Dec. 31, 1885.)
report states that the lessee companies report groaa
St.
Tlie
COMi'AICA
from—
18R4.
J1980,21U
FrelKlit
Mull
9B3.''.OI2
CxprpsH
MtDCPlliuieuns
8MI,B>»
00.1172
Frc'lifht
MlaoellitOfloiM.
Krpen.—
of
,...,\„ny
—a decrease of
m
This division, composed of the proprietary and leased roads,
aggregating 188 3-10 miles, is operated by the company.
Earnings, expenses and rent of leased lines in 1884 and 1885
;
1884.
Oroea earnings
Operating exi>euses and taxes
..
Net earnings
Bent, leaned roads
1885.
$9>R0.n'>0
288.6&&
537,«46
1,7B«,074
17»,06e
181,940
Increase. Drerease.
$741,150 $766,316 $25,185
40(),160
897,347
$
$334,989 $36«.968
203,971
203,381
$.
$33,978
8,812
589
ock.
CoutiuKi
oxpeniies'.'
General c.xi)en»e».
.
Total exponte*... 93,935,373
Percent, of earn'g«.
Oi'81
Net earnings
92,183,780
BAimiNos,
SSS,23.)
lo.^,^7a
«7,ii<>i
•
43.99S
•S,&33,10J
«S6a,9»0
»S6 1.073
• 120,»I7
I,7S3
42.041
Total nnrnlntrB.... 96,119,053
Workiiifi
•«0U,U3>
i,i9B,«ai
Miilld
Milll.I
TH« TBAa
tn urtii.)
tntrtaiu.
93.mO,4SA
«tl^.
|54,213, or 4 9-10 per cent less than the c- :;
ings ot the prece<ling year.
" The minimum rent<al of |450,000ha8 been promptly paid in
aocordjince with the terms of the lease.
" The lessee companies have also complied with both tlio letter anil spirit of the lease in the improvement of the physical
condition of the plant. It now ranks as first-clags
every
particular."
CAIRO SHORT LINK DIVISION.
MNN
ri
2:<,2!)3
$1,323,924
Total
*<CrilK«M rit«
'
111*.
K.\iireii((
338,140
21,288
37,807
S0,638
P»9»eiiKer
as follows
608
r
PdArtrngor
earnings as follows
were
. .
Expcmn
i,eo3,7i(i
30<1,M42
207,2(18
12*.'iT6
917(1,743
9
8-S9
9890,306
net EAnnmos po» e
juro
f..
4»,043
U0,13H
92,357
477..-,l7
98,758,639
67'70
91.793,573
WMB
team
31, 1685.
BICOUrO DBO.
Average
miet
Tear.
Karnlngt.
Bxpttuei.
yet Kamlnat.
$3,478,066
6,244,780
6,875,897
7,361,545
5,928,918
6,119,053
91,767,608
3.620,029
3,886.635
$1,710,461
Operated.
1880
1881
1882
1883
1884
1885
474
780
_.,.
1,165
1,059
1.600
1,317
2,ti24,780
2,689,362
2,618,434
1,593,342
3,183,780
4,74.3,111
4,335.575
3,935,273
Total
$40,366,816
924,992,134
915,374,683
?l*ii '?**?'',""« «*"''''8'''">'l expenses are Included above from Bmt.
"''"" ^'"'''' ">"» mah lines »ere optrawd
!.»»»«,«
I'JS.tlJ^-'"^'^^^'}'^^^under
separate receiver.
,
Net revenue
$131,018
$165,887
$34,568
SOURCES OF MET KEVENCE.
From BpllevUle br.int-li, separate earnings
From same. contill)Utpa by loaeeil lines
1884.
1885.
$46,911
$6U 337
Allegheny Valley.
(For the year ending Dec. 81, 1885.)
26,6.">2
."jT.USS
The President's report is very brief. He states that the railFrom leaseil roads after dedncting expenses and rents 57,455 41,591
road property remains in the hands of the receivers. By judiTotal
$131,018 $105^587 cial proceedings between the parties in interest, the control of
The report says " Again, and for the third time in four the property was removed from the Court of Common Pleas
years, the wheat crop of the country adjacent to your road ot Westmoreland County to the U. S. District Court for the
failed to yield more than enough to pay the cost of cultiva- Western District of Pennsylvania.
tion.
These repeated failures have caused a gradual reduction Tbe net earnings were
$671134
in our local freight and passenger business each year; but the The Interest charges to which they are applVoabie afe"'.l"ll 9(Tl27!lS3
effect was most seriously felt the past year, the revenue from Leaving a deficiency
to meet interest of
"wiiioiii
local tralHc being fifteen per cent less than the year before.
The following payments were made out of net earnings:
" The coal traffic shows an increase in both tonnage and
month.s' interest on $4,00.).000 73io p. o. bds. J. & J
$293 000
revenue. The nominal rates that prevailed during a portion 12months'
int. on $2,r.0O,00() 5 p. c. bils., due
6
62.500
of the previous year preclude any satisfactory comparison Ones percent bond due and paid January IstJanuary 1
100 000
with the business of that^ear. The rates established Oct. 11, 6 months' interest on $2,400,000 5 p. o. bds due July 1
60'000
g jm
1884, have been maintained; but in harmony with the almost Interest on real estate liens
.".".'.."'...'....'..
Interest on cartrusts
4.516
uniform result of rate wars, the restored rate was materially
less than the rate that prevailed prior to the destruction of the
Total
9527,158
former agreement.
The earnings and income account for fovir years were as
The volume of through business has continued to increase. follows
The revenue from it was eight per cent more than that of the
EARNINGS AM) EXl'ENSES.
previous year.
This has been accomplished by persistent
1882.
1883.
1884.
1885.
effort and much expense.
Total
The business of the Southern
miles operated
259
259
2S9
259
Eaminqs from —
States IS gradually increasing, but there is more than a pro$
$
$
9
Passengers
522,936
525,758
483,373
437,376
portionate increase of competition; hence it is difficult to Freight
1,770,387
1,666,689
1,571,176
1,286,088
secure remunerative rates without some sort of confederation Mail, express, &a...
63,375
63,495
89,334
56,719
between competing lines."
:
'
,
JReceipts—
From
From
Interest,
&c
otai gross oara's
GEKEUAI. FINANCIAL RESULT.
18y3.
1884.
$450,000
$450,000
12,667
205,935
I3i,in8
7,' 86
5,617
$450,000
$6ti3,121
$599,504
$623,313
$409,000
11, SOU
$409,000
10,444
3.070
4,560
$409,000
$487,074
$112,429
111,078
$501,725
$117,5S8
rent of main line
Rental 3 months of 1882, and int
From liraufhes, net over rentals.
Total receipts
I>efluc(—
Interest on funded debt
Main
line expenses
l«gal expenses, back interest, &c.
6.110
3,000
New equipment
Total dednctions
Balance
Dividends on preferred
$l8i>,646
$173,475
172,788
stooli
Surplus or deficit
sur.
$087
sur.
$1,351
1885.
Wm.
9.903
23,uo2
3,76cJ
def.
Jackson, has
made
2,235,942
1,364,328
2,113,883
1,292,563
1,780,133
1,108,999
Net earnings....
929,242
891,614
821,3'20
671,14B
.
.
INCOME ACCOUNT.
1882.
Net earnings
JHstmrsements—
Interest on deljt*.
Miscellancons
...
Total disbursem'ta.
Balance, deficit
.
Int. pd. in inc. bds..
17:i,788
Bal'ceof
$55,200
*
a good statistical report for the year 188.5, as compared with previous
years. He remarks:
"The following statistics, regarding
the operation of the Denver & Rio Grande Railway, are published for convenient reference and to complete the files of
the annual reports. I took charge of the business of the road
under the orders of the Hon. Moses Hallett, Judge of tlie
Federal Court of the District of Colorado, on July 12, 18*1.
No report of the operations of the company has been issued
for the year 1884.
I have, therefore, added statistics for that
portion of the year 1884 prior to July 13, when the road was
under the management of the company, and have also ma'le
com pari.- ons between the years 1884 and 18S5. The statistics
have been compiled with the view of making them self«xi)lanatory, as far as possible, and it is hoped that an examination of them will enable all interested to reach intelligent conclusions. Great care has been exercised to prevent
any charges to betterments which properly belong to operatmg expenses. In the effort to charge everything to expenses which did not clearly represent an improvement in the
property, it is believed that there have been some charges to
that account which ought justly to have been charged to betterments. However, the amount is not large enough to merit
more than a passing notice."
S.
2,356.698
1,427,456
&
165,587
7,726
Denver & Rio Grande Railwaj.
{For the year ending Deo. 31, 1885.)
The Receiver, Mr.
taxes
Oper. exp.
deflcll*..
1883.
1884.
188.5.
$
$
929.242
891.614
821,320
671,134
1,727.401
42,638
1,763,427
1,461,332
1.124,653
1,770,039
1,763,427
1,461,332
1,124,053
840,797
580,000
872, '(13
640,012
328,972
453.519
629,800
260,797
~ 244,013
311,040
453,519
Tlie total balance to debit of pi'oflt
aud
$
$
loss Dec. 31, 1885,
was
$8,993,313.
GENERAL INVESTMENT NEWS.
—
& Albany. The report to the Railroad Commissioners for the quarter ending March 81 shows the following:
Quarter ended Ular 31. Six ifonllu ended J/ar 31.
Boston
dross earnings
Expenses
.
.
.
Net earnings...
Int.,
tax and rents.
8iu-plu8.
use.
1835.
I88S-6.
$1,779,881
1,111,436
$1,673,748
1,156,762
93.916.010
2,523,674
$3,689,007
2.412,988
$338,425
237,478
$516,986
218,590
$1,393,336
824,189
$1,246,024
844.628
$t0(),9»0
$298,396
$569,147
$361,396
1884-5.
Canadian Paciflc— At Montreal, M-iy 12, the annual meeting of the shareholders was held. The annual report showed the
Tbe
affairs of the company to be in a satisfactory condition.
financial position of the company was declared to be sound.
Sir
Oeore*
was
elected
The following board of directors
:
Stephen, Bart., AVilliam C. Van Home, Donald A. Smith,
Richard B. Angus, Edmund B. Osier, StndforJ Fleming, H.
S. Northcote, H. S. Martinson, W, L. Scott, George R. Harris,
Levi P. Jlorton and Richird J. Cross. The retiring memben
were P. Du P. Grenfell and C. D. Rose of London, England.
Sir George Stephen was re-elected President and Mr, Van
Home Vice-President. [The annual report was received too
late for publication in the Chkoniclb to day, but will apj;)ter
next week.]
—
:
>
THE CHRONICLE.
604
—
Chesapeake & Delaware Canal. This canal comoany proprose to extend until July 1, 1916, the amount of $1,975,000 of
the balance of |1, 993, 750 of their mortgage loan, which matures
July 1, 1886. The Investment Company of Philadelphia will
furnish funds to purchase at par all certificates not presented
for extension before June 15 next.
Chicago & Atlantic—The resignation of Mr. Jewett as
President, and the election of Mr. Jas. H. Benedict is interpreted
as meaning a future working in harmony with the Erie. The
Atlantic will then come into the East-bound
Chicago
pool and ail diiHoulties will be settled.
Cincinnati Indianapolis St. Louis & Chicago.—The gross
and net earnings and charges for March, and for nine
months since July 1, have been as follows:
Juli/ 1 to Xar. 31
March.
&
.
.
1881-85.
1885-86.
$228,209 $221,186 $1,847,213
132,501
1,117,723
134,690
$1,912,340
1,221,832
$729,488
450,000
$720,508
450,000
$93,519
50,000
Net earnings
Fixed charges
—
.
1885.
1888.
Gross earntnss
Operating expenses
$88,6'i5
50,000
$279,480
$270,508
Cleveland & Canton. At Cleveland, Ohio, May 13, the
annual election of directors was held. An injunction was
served forbidding the election unless holders of common
stock were allowed to vote as well as the preferred. The
Blood party elected their board, and the Corbin party also
organized and elected flfteen directors. The Corbin party, it
is said, holds a majority of the preferred stock, and under the
rules of the reorganized company only holders of preferred
stock were entitled to vote.
$43,519
Surplus
—
$38,685
.
.
1886.
Gross earnings
Operating expenses
$292,519
209,009
Net earnings...
Interest, taxes, &o..
Balance
Addlllous to prop'y
Deficit
1885.
1886.
$250,014
218,188
1885.
$)78,252
428,371
$537,015
441,330
$33,510
69,076
$31,826
62,471
$149,881
136,407
$95,63i
127,446
$14,433
43,808
$30,643
17,877
$13,473
*.39,806
$31,810
33,054
$31,374
$48,523
$16,332
$63,465
[Vol. XLII.
guaranteed by the
pany, $475,000,
Memphis
&
Louis
St.
& San
Francisco Rillwav
Charleston Railroad Company
Com-
—Forty-year
6 per cent gold bonds, $1,000,000.
Louisville New Albany & Chicago Railway Company
-Consolidated mortgage
per cent gold
bonds, due April 1,
^
=>
°
1916, $3,500,000.
1'
''
'
Oregon Improvement Company.—This company's statement for March and four months is as follows
Ma rch.
^Dee.l to lfar.31.-«
:
.
.
1886.
1885.
Gross earnings
Operating expenses
$186,029
149,066
Net earnings
$36,963
1885-6.
1884-5.1
$225,527 $776,529 $897,893;|
196,160
672,851
743,813 ^
$103,675
$29,367
$153,880
Philadelphia & Reading.— Judge Butler refused a motioa
made by President Gowen, of the Reading Company, to prevent further sale of Raading collateral for the floiting debt
of the Jersey Central road, and it is supposed that the balance
of the 2d series fives will soon be sold.
Progress has been made in the Robinson foreclosure suit, and
if the Court rules against Mr. Gowen on certain objections
made by him, the prospect for a decree would seem to be good,
Railroads in New York State.— The returns of the following roads for the quarter ending March 31, have been filed at
Albany as follows:
r—Ma'\hattaH Elevaied^
1536.
1835.
Gross earnings
$1,760,096 $1,672,833
Operating expenses...
934,768
901,333
—Bost. H. Tun.
,
d-
1886.
Net earnings
Income otuer Bources.
West,—\\
$104,225
120,070
$32.j,32i
$768,000
20,985
110,754
$846,313
455,370
$384,734
441,292
$26,038
29,500
dt.«15,843
29,200
surp.$390,443 sur.413,462
Del. Lack. tC West.
1886.
1885.
Gross earnings
$1,166,990 $1,027,795
Operating expenses...
517,389
526,174
df.$3,lCl
df.$45,015
Interest.
— —
.
Neteamings
$619,601
tt St.
L.--.
1385.
$948,163
613,710
$825,191
581,436
$331,453
$243,755
$334,453
102,332
$213,735
422,339
44,910
Gross income
Fixedcbarges
$819,601
552.749
6urp.$i;0,852
Balance
r. Chic,
1886.
$.501,621
Income, other sources-
.V.
$515,631
546,384
df.$7E3
$232,121df.$178,601
Richmond & Danville. —In addition to the proposed sale
or exchange of Richmond & West Point Terminal securities
name of the
changed to the Cbicago & Ohio River Railway. The mortgage by the Richmond & Danville Company, it appears that the
on the property is given to the New England Trust Company Richmond & Danville Company his also taken leases for 99
to secure the payment of $500,000. The new company pro- years of the Columbia & Greenville and the Charlotte Columposes to equip and repair the road in a first-class manner and bia & Augusta roads, and also of the Western North Carolina,
extend it from Olney, its present Southern terminus, to the
Rome Watertown & Ogdensburg. — The following is the
Ohio River.
Rome Watertown & Ogdensburg statement for the quarter
Grand Rapids & Indiana.— On May 6 President W. O. ending March 31
:
—
& Western. At Indianapolis, May
the following directors were elected
Austin Corbin,
Alfred Sully, Edward Lauterbach, Joseph A. Gargulia, New
York; J. R. Maxwell, Brooklyn; Henry Graves, Orange. N.
J.; G. E. Leighton. St. Louis; John T. Farwell and Robert K.
Dow, Claremont, N. H.; Ferd. W. Peck, Chicago; Fred. W.
Dunton, Jamaica, N. Y.; J. K. O. Sherwood, Glen Cove, N.
Y. Mr. Graves succeeds Charles Starford, deceased. Mr.
Lauterbach succeeds J. B. Edmunds, and Mr. Gargulia, James
Dorr.
Indiana Blooinington
11,
:
Gross earnings
Operating expenses
1886
$395,087
274,523
1885
$J30,692
257,987
Net earnings
$120,561
Income otber sources
7,951
$72,705
19,356
.'
$128,515
153,012
$92,061
137,662
$29,490
$65,601
Net receipts
and rentals
Interest, taxes
Deficit
—
Texas & Pacific. The rorganization plan heretofore noticed
in the Chronicle of May 1, on pige 550, has now beeu issued,
and differs in no esseutial particular from the outline then
given. The plan seems to favor decidedly the holders of floatMississippi & Tennessee.- At Memphis, Tenn., May 11, ing debt and the consolidated mortgage bondholders, and be
there was a reorganization of the Board of Directors of the peculiarly hard for the stockholders and Rio Grande Division
Mississippi & Tennessee Railroad.
R. T. Wilson, C. P. bondholders. The limit of time named for assent to this plan
Huntington and C, H. Bosher resigned, and E. H, Harriman is July 15, and unless the classes who are opposed to it bestir
and his brother and S. H. Lamb were elected in their stead. themselves, thay may find it too late to protect their respectE. H. Harriman was elected Vice-President. He is a director ive interests.
in the Illinois Central, and recently purchased of R. T.
Some of the holders of terminal bonds (of which $750,000
Wilson the controlling amount of stock of the road.
are outstanding over and above those held as security for the
New York Lake Erie & Western.—The report of the New floating debt) object to the remark in last week's Chronicle
York Lake Erie & Western Railroad for the quarter ending that these bonds would practically be wiped out by foreMarch 31, and for the six months from October 1, makes this closure. Their objections seems to be a good one, since the
bonds have a first lien on terminal property said to have cost
exhibit
Quarter ended Mar. 31. Six Months ended Mar. 31
about $2,000,000, and on the Gordon coal mines, said to have
1885.
1886.
18845.
1835-6
cost about $350,000. The Chronicle has no means of ascerGross earnings
$4,255,.590
$4,876,310 $9,347,170 $10,642 S7i
taining the actual value of these properties, but states them
Operating expens. 3,387,747
3,630,723
6,931,312
7,501,202
as given by a gentleman who formerly made an examination
Net earnings.... $887,842 $1,245,581 $2,415,858
$3,138 169 as to the security of the bonds. The remark in the Chronicle
Income,
151,295
165,739
459,343
438,454
Gross receipts... $1,019,138
Taxes, Int. rentals 1,761,746
$1,411,321
1,813,193
$2,875,201
3,488,934
$3,576,623
3,771,371
$745,608
$401,371
$613,733
$195,248
oth. s'rces
Deficit
—The company has organized the Erie
Express to take the
place of the United States Express service on all
branches. It will begin operation on May 15.
its lines
and
as to the extinction of the bontis should have referred entirely
to the lien on the roads subject to the prior mortgages, which
would certainly amount to little after the foreclosure of those
mortgages and the application of the proceeds to the bonds
and overdue
interest.
Union Pacific.- The land
1
to April 30,
were
£ia
1885.
Stock Exchange.- The Governors of the Stock
Exchange have admitted to dealings the following securities
Delaware & HncsON Canal Compant, Lessor— Rensselaer & Saratoga Railroad Company, an additional |3,000,000
Acres.
April—
30.389
Union Di vision.. .
Kansas Division.. 126,586
making total up to $10,000,000.
Rochester & PiTTSBCRa— Union Trust certificates representing stock of the company deposited with the Trust
Company, exchangeable into stock of new company.
Fort Smith & Van Buken Brldoe Company— First mortgage sinking fund gold 6 percent bonds, principal and interest
Decrease In 1886..
:
of capital stock,
158,975
Total
.
1886.
,
Amount.
11,»3S
27,283
$491,049
39.128
117,819
.
$35,513
156,318
$191,831
299,218
1880.
,
.
Amount.
Acres.
$68,137
422,912
-1895.
30—
and from January
sales in April
below:
,
New York
1
dt.$15,845|
& Ohio— Chicago & Ohio River.— The
Danville Olney & Ohio River Railroad has been
reported to have concluded the sale of .1750,000
bonds for the construction of the Muskegon extension.
j
$26,038
This includes $30,000 cash paid for four locomotives.
is
l
1885.
$134,075
103,037
Danville Olney
Hughart
i
j
Cleveland Colnmbus Cincinnati & Indianapolis.— The
earnings, expenses and charges for February, and for two Totalnet
Tax's, rental.
months from January 1, were as follows:
February.
.— Tico Mos. end, Feb. 23—
Balance
*
;
,
.
Amotmt.
Acres.
Amount.
Union Division.... 187,208
Kansas Division.. 221,917
$332,078
814,093
111,492
66,35)
$142,997
360,648
409,123
1,146,171
177.813
231,282
$303,845
$642,528
Jan.l
to A)yr.
Total
Decrease In 1886.
Acres.
.
May
THE CHRONICLE.
15, 1886,]
605
COTTON
„
COMMERCIAL EPITOME.
Good
ment of the labor
Friday Nioht, May 14, 1880.
made in the past week In the adjusttroubles, though many disputes still remain
progress has been
There has been a further decline in values (already
low) of staples of agriculture. A storm of unusual violence
has swept over parts of five States Kansas, Missouri, Illinois
Indiana and Ohio— causiug the Ices of nearly 100 lives and destroying much property in buildings, railway bridges, and so
forth; but the weather in other sections has continued genUHMttled.
—
erally favorable to crop prospects.
Lard futures were depressed early in the week, in sympathy
with the general tone of mercantile circles, but yesterday and
to-day have slightly recovered, owing to reduced offerings,
and the close this afternoon was at 6"19c. for June, 6-20c.
for July, 6'33c. for Aug., 6-40c. for Sept. and 6'47c. for October.
Lard on the spot has been only moderately active at prices
favoring buyers, but the close is steadier and active at Oc. for
prime city, 6*17^(a6-23>^c. for prime to choice Western and
6"40c. for refined for the Continent.
Pork has had a fair sale,
but at somewhat irregular prices, closing at |9 35 for old mess
|10@|10 35 for new mess, |10 75@$U 35 for family and $11 75
@^13 75 for clear. Cut meats have been more active and are
Friday, P. M.,
M«t
imm.
14.
Tra MovmnwT of thi Obop.
iadk»t«<l br .^r t^to^ur
from the South to-night, is jci ven below. For the week
iSdtat
thfa evenmg (May 14), the total reoeipU
hare nwohed 8«.Wi
balee, against :!i), no bale* last week, 40.W9 halee
the prerioni
week and 43,UiiO bales three weeks nf.
king
u
^ MM
reoeipts since the Ist of September, 18a
4,686,908 bales for the aame pwiod
increase since September 1. 1880, of 4.''
Beeeiptttu—
Hon.
Sal.
aalTMton
Tutt.
tialai, affaioat
'i.^wljIC
W4a.
m.'
Tliuri.
60
491
1,100
663
80
8*17
2,51*4
8,230
491
26
751
103
36
444
767
284
2,324
••
194
773
1,125
483
898
SB
TM4U.
185
Indlattuia, Ao.
New
Orleans...
Mobile
Florida
Savannati
83*2
8.334
2,534
851
5
5
1.031
650
5.236
S(M
54*5
4.502
58
160
84
ISO
616
Bninsw'k, Ae.
Obarleston
Pt. Royal, *o.
WUmlnKton....
191
Horeli'd C.,iba
Morfolk
352
3B9
190
297
PUladelp'a, &o.
Totals tbis week
"7*7
121
926
481
85
10
10
708
175
1,140
644
4,506
342
1,287
2374
500
836
210
14
851
405
314
364
700
2,231
61
3
49
"so
64
21
278
3,802
8,994
7,082
8,966
4,743
6.167
34,7; 4
WestPolnt.Ao
Sew York
5*4*8
,
Boston
Baltimore
204
700
For comparison, we give the following table showing the week's
5@5%c., pickled bams total receipts, the total since Sept. 1, 18*5, and the stock to-nighi,
and the same items for the corresponding periods of last jev.
5@6J^c. smoKed hams, 103;f@
partially dearer; pickled bellies close at
at9)^@10o. and shoulders at
Beef is dull at $8@|8 50 for
lOJ^c. and shoulders 6@6i4c.
extra mess per bbl. and |15@|16 50 for India mess per tierce.
Beef hams are firm at |30@$30 50 per bbl. Tallow is firmer at
4c, per lb.
Stearine is quiet at 7J^c. and oleomargarine at 6c.
Butter is again decidedly lower at 15@21c. for creamery.
Cheese is also lower at SJ^® 83.^0. for new State factory. The
swine slaughtered at the principal Western towns from March
;
1 to latest
dates
numbered
1,160,000, against 1,170,000 for
the
corresponding period last season. The following is a comparative summary of aggregate exports from October 26 to May 8
two
for
years:
May
Thit
Week.
11.
aalveston ...
Ind'nola.Ao
»ew Orleans.
MobUe
Florida
Savannab
Br'8w'k,4o.
Charleston...
Pt.Royal,<feo
Wilmington..
Bacon, Ac
1885-6.
Ibg. 24,291,000
Iba. 268,378,011
Lard
2-17,390,752
Ino.
lbs. 162,ti52,338
150,182,152
Inc.
Pork
1885-86.
Reeeipti to
1884-6.
29,767,000
M'headCAc
Deo.
5,170,000
10,987,262
6,170,186
Norfolk
W.Point,*o.
New York...
1884-85.
Since Sep.
1,
1885.
691,029
781
279
8,338 1,675,976
2,534
242,121
5
50,086
5,256 777.55P
16,069
4,502 479,758
;e9
11,218
616 100,539
10
7,791
4,506 538,732
2,874 273,523
201
54,181
2,231
96,101
700
50,217
278
43,183
3,610
2,531
aioek.
Since Sep.
1, 1884.
Thit
Week.
2,003
431,214
10,797
1,503,717
228,133
77,581
718 968
333
140
49
510,093
7,228
93,531
12
9,617
872
635
418
280
301
77
46
1886.
1885.
23.134
6,231
133,829
25,263
101,997
14,474
2
2
20,034
4,878
27,293
5,665
9,747
79
5,028
772
.546.432
2.M92
5.019
281,688
67,750
81,139
38,912
47,419
10,387
299,481
6,310
22,992
15.791
330,438
6.310
9,271
54
The speculation in Rio coffee was dull early in the week, Boston
and prices fell off about 10 points; but on Wednesday and Baltimore ...
78
8,028
Thursday the decline was fully recovered with a good degree Phlladera,4o
Total
31.751 5.113.102
9,413'4,tf36,963
615,118 493,129
of speculative spirit. To-day there was again buoyancy, and
In order that comparison may De made with other yean,
the close was with sellers at 7-55o. for May, 7-45c. for June,
give below the totals at leading ports for six seasons.
7'40o. for July and 7'35@7 35c. for the later months— Aug. to
1880.
1885.
1884.
1883.
1882.
1831.
Dec. Coffee on the spot is firmer, and fair cargoes of Eio are Receipts at—
quoted at 9c. but the business in mild grades has fallen off,
though fairly active to-day. Raw sugars have declined to
4^c. for fair refining, and 5^c. for centrifugal 96-deg. test.,
and refined, owing to the termination of the strike at the
Brooklyn refineries, is lower and unsettled; molasses is lower
;
Kentucky tobacco
Seed leaf
week are
sin
1,400 cases as follows: 800 cases 1884 crop,
;
Wllm'tJt'n,
New Eagland Havana,
150 cases sundries,
tot. this wTc.
5@
;
77
626
61
4,506
2,974
3.118
872
635
433
436
286
42
511
35
1,123
31,754
9,113
2,003
T23
IFeM Bnd<n« Mav
Bxported to—
8Jic.
Sarannah
10 for
Ortat
from—
5,738
9,930
1,461
2,577
1,021
992
2,458
2,252
2,928
1,391
437
53
5,567
8,765
1,724
4.166
3,012
307
1,732
4,760
4,108
8,403
1,891
12,634
891
7,498
13,188
8.694
43.976
20,861
42.415
926
IVom Apt.
14.
1.
ISae. to .Van 14. 1888.
Bxparted ta—
New
BrWn. France
Orleans..
18,407
Cbntt-
IbtoJ
nent.
XVtek.
2.30*1
18,909
8.400
8,400
Mobil*
Florlte.
Ctiarleslon ....
Business on the Metal Exchange has been quiet, and pig
iron certificates are depressed; but the
speculation in block
tin has continued active, and the
sales to-day were 45 tons at
Wllmlnfcton...
Norfolk
;
21-05@2M0c. for this and the next three months.
Ocean freights have been moderately active, and to-day the
grain shipments were at 4d. to London, 3i^@3>id. to Glasgow
per bush., 43. per quarter to Barcelona
and 3s. 4i^d. to Cork
for orders.
The latest petroleum charters are 38. 6d.@2s. 7>^d.
for refined to the principal European
port?.
195
2,625
Aeportt
aalTSatnn
certificates
279
3.610
The exports for the week ending this evening reach a total
of 67,634 bales, of which 58,778 were to Oreat Britain, 1,377
to France and 9,481 to the rest of the Continent.
Below are
the exports for the week and since September 1, 1885.
15@22J^c.;
common to good strained. Crude petrohave been depressed by the dull trade and
increased ftow from the wells, but to-day were steadier,
closing at 73 i^@73Sgc.; crude in bbls. quoted at
6}4@&^ic.;
refined in bbls. 7>i@7?^c. and in cases 8
5^® 9 Vc; naphtha,
03>^@|1
leum
2,531
8,338
2,531
5,256
4,671
5113,102 4686.968 4737,670 5755,221 4519.86.^ 5488.448
Ualveston includes Indianola; (Jliarleston Includes Port Boyal, Ac;
Wilmiugtou includes Moreli'd Clty.&c; West Point Inciudes City Point.A,'.
4@35c. also 800 bales Havana, 60@
|1 05, and 150 bales Sumatra, $1 30@.|1 60.
Spirits turpentine has continued dull, and prices have
further declined to 35c. Rosins are dull, but are still quoted
at $1
4o
Ao
411 others
Wiscon-
350 cases 1883 crop, Pennsylvania,
10c.; 200 cases 1884 crop,
and
Charl'Bt'n,
W. Point, Ao.
unchanged in prices and the market is
business for the week being limited to 150 hhds.
has continued in good demand, and sales for the
is
Havana, 8i^@ 13c.
Mobile
Savannah
Norfolk
at 18c. for 50-deg. test.
quiet, the
Salveot'n.Ao.
Orleans.
New
Wert
9,709
9,709
Point...
Msw Tort
Balttmors...
8383
83,994
6.411
88
8.8«8
8.196
l,«7I
4,881
9.481
«7.m4
1»,794
Boston
.
Phlla<lelp'a,ae
1,877
i,oee
LOSS
M,176
i.»77
Total 18Bt-8B 21,(97
1.308
Total
NOTE.—The exports from New York
'
'.OS
iS5
to Great Brr.
bales to Hull, which were re-exported from Oreat
Bntmu
i«
ba»uo
purts.
„
.
THE CHRONICLE,
606
XUI.
[Vol.
The Sales and Prices of Futures are shown by the followIn addition to above exports, our telegrams to-night also jilve
as the following amounts of cotton on rfiipboard, not cleared, ing comprehensive table. In the tatement will be found the
at the ports named. We add similar figures for New York, daily market, the prices of sales for each month each day, and
which are prepared for our special use by Messrs, Carey, Yale the closing bids, in addition to the daily and total sales.
ft Lambert, 24 Beaver Street.
On Shipboard, not cleared—for
Mat
14,
Leaving
AT-
Other
Great
France. Foreign
Britain.
irew Orleans....
MotUe
Charleston
Bavannali
Galveston
Norfolk
New York
Other ports
Total 1886.
Total 1885
Total 1884
16,504
2,000
4,250
None.
None.
8.5oO
7,000
7,000
Ooa*'1
1,152
l,9tj9
None.
4,900
None.
500
None.
None.
30,357
2,000
8,950
1,100
3,121
9,000
12,700
7,000
4,075
5,631
None.
4,147
None.
2,100
None.
None.
None.
800
None.
Stock.
Total.
1.600
None.
1.000
None.
1.100
103,472
23,263
18,313
18,934
20,313
16,192
296,731
53,592
45,25»
7,047
13,283
8,644
74,228
540,990
14,050
16,058
5,027
3,183
5,665
2.160
2,795
27,537
22.341
465,592
500,790
940
The speculation in cotton for future delivery at this market
during the past week has been more active, but at a sharp decline
in prices during the first half thereof. The decline was due
to the continued free movement of the crop (causing some
increase in the estimated total yield) depession at Liverpool
and Manchester, and much lower quotations for silver in London, The decline was checked at midday on Wednesday, and
v lues recovered a few points, aided by a demand to cover
contracts and some revival of speculative confidence, but all
oreign advices were unfavorable on Thursday, and prices
with us again showed depression, although receipts at the
ports were less liberal and the weather South became less
favorable for crop prospects. To-day there was a further
decline to 9'25c, for August, under the unfavorable foreign
advices, but there was a partial recovery on a demand to
cover contracts. Cotton on the spot has been quiet, and quotations were reduced l-16c. on Monday, and was subsequently
more freely offered at the decline to-day there was a further
;
decline of 1-1 6c, , leading to a considerable business for export.
The total sales for forward delivery for the week are 604,2l0
For immediate delivery the
bales.
total sales foot
up this week
8,746 bales, including 1,125 for export, 2,621 for consumption,
in transit. Of the above, 275 bales
for speculation and
—
—
were to arrive. The following are the
each day of the past week.
Sat.
OrtUn'y.Slb
Strict Ord..
Good Ord..
fltr.G'dOrd
611,«
7i6
Low Midd'K
Middling...
87,
9^8
9^18
eoodMid..
»%
Btr.L'wMia
She
RH
MoniTues
6»B
71l6
8
87,,
813,«
»'i«
Btr.G'dMld lOije
Mldd'gFalr I07i, 10%
llllB 11
Fair
65a
71l6
8
87,8
813,«
9l,«
Wed Tb.
10»8
11
IIM
Frl.
Wed
69,6
613,8
7>4
83,8
6Sr
VI, «
7',fl
8
8
Btr.G'dOrd
8 ',8
8'',8
716,8
833
813, f,
813,8
8%
9'li
914
9llfl
9
Middling...
9I4
93,8
Good Mid..
9Ul« 91I18 908
7
83,8
811,8
81>R
83,8
8=8
9
9
9mb
9
9
8<>8
8I>B
9
109,6
113,8
STAINED.
Sat.
yib.
Middling
61s
73,8
8
8%
MlddUng
91lB
97^
103,8
6%
73,8
8M
9'<
97,8
»7i"
lOSie
10a,8
9»,8
9i«
91",
IOI4
10»H
11'4
7',l
9>4
97,8
97,
103,8
100,8
1138 U'lS
Wed
613,8
7'4
83,8
84
8l4,8
SM
10»,6
1016,8 113,8
Good Ordinary
Btilot Good Ordinary...
9M
613,e
7J4
83,8
VM
Vi>18
Tb. Frl.
9
10i>l8
613,8
HH
11
lOSe
613,,
83,8
8»B
10«|8 10»,fl
113l« 113,8
1
inon Tnes
678
vv
9'|8
97a
103,8
10
613i6
TEXAS
Sat.
7I4
8»18
bOs
914
9' ,8
979
9!6,6 103,8
Bti.<i'dMld 10
Mldd'g Fair 10?8
Pair
11
Low
613,8]
S'-Ifl
10»(t
60b
Btr.L'wMld
67«
7^18
8»4
81«,6
9ll8
»M
Ordln'T.WJ)
Strict Ord..
Good Ord..
Low Mldd'g
Mon Tnea
Sat.
9J4
9i«
97ie
9lli« 911,8 916,6 97r
IOJ4
10
10
103,8
HH
quotations for
NEW ORLEANS.
UPLANDS.
May 8 to
May 14.
official*
Th.
Frl.
613,8
7^4
83,8
6%
8V
n^
S9,8
9
9
914
93,i
9'',8
938
913,6 978
lOia
103,8
101* Il0»,6
11>8 illSie
9>4
9'l8
97,
103,8
109,;
113,8
9=18
93i"
913,.
inifl"
non Taes WTed
Tb.
Frl.
7'e
7i6ie
811,6
638
71,8
778
S5b
718
710,8
311,6
67,8
716
71516
67,8
7ie
716,8
811,81 811,8
lOHi
im
MARKET AND SALES.
The total sales and future deliveries each day (luring th^
week are indicated in the following statement. For the conenience of the reader we also add a column which shows at a
glance how the market closed on same days.
* Includes sales in September, 1885, for September, 130,200
September-Ootober, for October, 301,700 Septemboi-November, lor November,
416,400; September-December, for December, 928,200; September-JanSeptember-February, for February.
uary, for January, 2.004.200
l,370.00f; Septeuiber-Marcb, lor March, 1,746,401); September-April,
;
SALES OF SPOT AND TRANSIT.
8P0T HAHKET
OIOSBD.
Oon- Spec- Tran- _
Ex-
rump
port,
ul't'n
tit.
;
,
-total.
Sale$.
Deliv
triet.
;
for April, 1,59l', 800.
Bat.. Easy
Mon Steady at 1,6 dec
Tnes. Quiet
Wed. Steady
ThUTB Qniet and steady
fTl. . 1 Inner at 1,6 dec
Total.
The daily
....]
.-1
lOOi
....
300
725
261
358
604
569
538
291
l,1252,62li
dellTerles given
261 70,400
358 59,900
704 115,700
300
569,134,000
1,016 117,.500
100
200
100
3,7461604,2001
700
838106,700
..
above are
actually
revions to that on whloh they are reported.
delivered
Transferable Orders—Saturday, 9-20o.;
9-15C.;
Wednesday,
Short Notices for
the day
9-20o.:
Monday,
9'20o.;
Thursday, 9-10o.; Friday, 9-10o.
9 I60.
ToeedaXt
May— Saturday,
The following exchanges have been made during the week:
•10
•09
•18
•09
'03
'27
pd.
pd.
pd.
pd.
pd.
pd.
to
to
to
to
to
to
excb.
exch.
exch.
exch.
exch.
exch.
100 July for Aug.
200 July for Aug.
50o Juuo for Aug.
100 .lune for July,
400 May for June.
2,000 Deo, for Mar.
'09 pd. to exch. 200 Julv for Aug.
•35 pd. to exch. 800 Nov. for Aug.
•20 i>d. to exeh. 'iOO May for Juno.
•18 pd. to exob. 100 June for Aug.
10 pd. to exch. loo June for July.
|
..
Mat
c
;
\
:
..
1
THE CHRONICLE.
16, 1886.]
607
Tbk Visible 9tn>PLT of Cotton tonight, as made ap by cable telM mora Chan
and telegraph, is as follows. The Continental stocks, as well a*
tho.se for Great Britain and the afloat, are this week's retuma,
and consequently all the European H^res are brought dowr
But to make the totals the comolete
to Thursday eveninK.
figures for to-night (May 14), we add the item of exports froir
the United States, including in it the exports of Friilay only,
Btook at Liverpool
fltooh at
I8S6.
63,^,000
bales.
London
21,009
1885.
188*.
978,000
29,000
997,000
65,000
1893.
000 000
400
wme
65,300
656,000 1,007,000 1,062,000 1,025 300
5,900
5.500
3,000
3JJ00
13,900
r>0,800
50,100
45 500
28,000
48,000
49,000
33!o00
Total Qreat Britain stook
Block at Hamburg
Stock at Bremen
Btook at AluBU^^(lum
Stock at Hottvi'ilam
Btook at Autweri)
Btook at Havre
Hay
Oalveston
Stock at MarseUles
Btook at Barcelona
Btook at Genoa
Btook at Trieste
214,000
7.000
57,000
10,000
lot 000
Savannah.
7.400
84,000
14,000
Charleston
7,000
si,800
Votal Continental Rtooks
337,100
870,900
443,700
356,900
ni»3.l00 1,377.900 1,510,700 1,382,200
213,000
313,000
21,000
613,113
183,133
11.941
Cnlted States exports to-day.
Total visible sapply
139.000
140,000
13,000
493,129
64,572
1,300
314,000
142,000
34,000
523,131
66,961
1,500
356,000
476,000
37,000
551.436
118,024
11,200
2,3ci3,395 2,281,901 2,592,295 2,931,860
Of tbe above, tbe totals of American andotber desorlptiong are as roUo» s
Amertean—
159,000
219,000
313,000
615,118
183,133
11,944
bales
Europe...
(laltwl atates stock
United States Interior stocks..
UaltedBtatesexportsto-day..
Total American
Xcul Indian, Brant, <(e.—
UverrKX>l stock
Ijondon stock
Oontlneatal stocks
India afloat for Rurope
751,000
266,000
110,000
493,129
61,572
722,000
316.000
112,000
523,131
66,961
1,300
1,500
722,000
226,000
176,000
551,436
118,021
11,200
1,831,195 1,719,001 1,771,595 2,101.660
176.000
21,000
88,100
213.000
21.000
Egypt, Brazil, *o., afloat
Total East India,
Total American
&e
519,100
227,000
29,000
104,900
275,000
65.000
132,700
314,000
34,000
18i),000
13,000
562,900
820,700
238,000
65,300
130,900
356,000
37,000
827,200
...1,834,195 1,719,001 1,771,595 2,101,660
Total visible supply
2,353,295 2,281,901 2,592,295 2,931,860
fiigd.
SiSied,
|S6i4'1.
Price Mid. Upl., Liverpool
5i6i*d
llijo.
PrlceMld.Upl., New York....
OSieC
lO^sc.
lie:
Of* The
9
New Orleana.
9
Mobile
8l«i«
..
imports into Continental ports this week have been
50,000 bales.
PH.
9%*li
ȣ'*i*
an
9%
9%
9H
l>
8.?..
§','••
F"
9
9
9
9
9
Boston
Balttmore
PbUadelphla.
Memphis
thuri.
9
9Ss»>C
I""
....
Louis
CincinnaU...
I""
9
9
St.
Louisville
'
8I>|«
9
.
Norfolk
Wednu.
9
s\
..
Wilmington
Tutt.
Augusta
Total European stocks
tnOiSi cotton afloat for Europe.
Ainer*n oott'n afloat for Eur'pe
Egypt, Bra7.11,*c.,aflt for E'r'pe
Bfock In United States ports ..
Btook in U. 8. Interior towns..
afloat for
9
. .
175,000
5,000
72,000
9,000
5,000
American
Hon.
Satur,
1,900
15i,000
7,000
75,000
13,000
9,000
900
em—
11.
1,000
2,500
3,200
Gtoeuio QcroTATiom fob MiDnuno ooTTOii
Wetk ending
500
800
Liverpool stock
Continental stocks
!
at the Mun* period iMt r««r. Tbe raoetoti
towns have bera 9,m Iwlee tnor» than thTammm
week last vear, and sinoe September 1 tbe reoeipU at alltha
towns are 670.794 bales more than for the Mune time ia
18M4.
tJUOTATIONB FOB MrDBLINO COTTOK AT OTRBl MAMttTfl.—
in the table below we kivo tho cUwIng
.juotationa of middling
ootton at Southern and other prioolpal cotton nuurk«ta for
each
day of the past week.
the
9
9
8'8
I*
9
8»«
9
8'i»
811
8'ij
S^t
Receipts fbom the Plantations.—The following Uble
mdicates the actual movement each week from the plantations.
The figures do not include overland receipts nor
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the trop
which finally reaches the market through the outporte.
RtceipU at the
Tr«Jt
Pom. «•* at Interior Towm. Bec'vfSron Plant'tu.
Ending-1884.
isae.
1888.
30,113
81.808
80,874
20,023
2.1,-23
20,053
14,74a
41.393 llO.OflS I28,80a 819,714
Sfl.HOS 96.900 II7,82S|295,8I0
is.oao 90.794'l06,98S a<l,S3e
40.309 82,809 88,328213,113
ae.i&o 81,935 81,9SS|S8 1.137
84,754
TO.M'J 200,056
1884.
1885.
1886.
1881.
1886.
I
Apr.
9..
16
S3
10.122
Mar
7..
15,657
8,633
"
11..
8.6»>
9.418;
I
1888.
14,787
S.71«' 26,478
I9,IW' 12.640' 8S,aTl
I2.7n
14.081
19,486
6,882
isjtaat
I
u,oe«
S.22B' 18.164
8.8811
i
18/iaS
The above statement shows— 1. That the total
receipts from
the plantations since September 1, 1885, are 5,297,W)8 bale>;
1884-85 were 4,740,698 bales; in 1888-84 were 4,784,3.36 balee.
2.—That, although the receipts at the ontports the post week
were 34,754 bales, the actual movement from plantations waa
only 13,683 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantationa
for the same week were
bales and for 1884 they were
3,281 bales.
m
The above figures indicate an increase in the cotton in sight
to-night of 71,394 bales as compared with the same date of
Amount op Cotton in Sight May 14.—In the table below
1885, a deorease of 239,000 bales as compared with the corree\t^><^ve the receipts from plantations in another form, and add
ponding date of 1884 and a decrease of 578,565 bales as
to t&N\m the net overland movement to May 1, and also the
osmpared with 1883.
takinfja by Southern spinners to the same date, so as to give
Ai^THE INTEBIOB TOWNS the movement that is the receipts suhstontiaJly the amount of cotton now in sight.
for the week and since Sept. 1, the Ehipments for the week, and
1885-86. 1881-85. 1883-81. 1882-88.
the stocks to-night, and the same items for the corresponding
period of 1884-85 is set out in detail in the following statement.
Receipts at the ports to May 11 5,113,102 1,686,968 1,737,670 5,755,221
Interior stocks on May 11 In
o
excess of September 1
191,206
53,730
26,606 117,386
—
I
—
E
=
».
W M
IS
i
\
CO
:s
tt.
—
'
ut-zing-imi^-^H
Of
Q
O OO h- O tv
a W to CS "-»»- lO M
^
00 to C 00
Cn
feOcncoo&cn~•A&:^s<l
as compared with 1883-81
Cfi
O -1 00 UI ci- 00 — -1 wJ 00
*•
OSO*-QO
M M O *J r- to QOM
^
M
CP
ill
V
WW^ *^ - ^Pan
F
os'Vbioob<i'*-'a:
8
M
pM
o>
H- *CO OS
'Vo''-JCJ"*>.^i*>^Q005^H"
to :a
*^ o^ *'^*
WtOOCJ''x'
o ^I
O ^ <B ^
ce'^
1^ oi o> <o
Co ot
CO to <— ;n
cc
MCn
."cowj-*:
CO -^ yi to
CO
P—
OSVT^OO-^CnMrOCJ'lOtOAi^lOOD'^UitOlO
rfk.
Ci
-x;
«
•JO
Va
wlo « 05 CO (0
^ »xon^coiP.co-^
ta
to
<0
fcacoco<]t9C;*aoA
wo''-loMa)tqM'oboh-wQoa:w*>-''Voto"':s
1— :*'GoxMto:oif-yp-»csioooDCJ'i-'coo--«
tf*
o K
A w
6,318,121 5,558,116 5,575,062 6,717,469
It will be seen by the above that the Increase In amoant In dglM
to-night, as compared with last year. Is 760.0OS bales, the tnerease
M(fr-
^O) rf^;^^ij Oi w cojs 00 X tf* CK eo p» w Ci y*^
h«
*
<lfcOMCO
l-'CO
M y> CO H CP -J OT O O 00 to ^ Ci -1 Ol Ci O GO o
-si
o o
e
o
CO
1882-S3
«-•
14
^y
to
^<)C0
GO
CO
to
UI
May
Northern spinners' takings to
""
l,600,812ll,218..571 1,119,828 1,581.33»
ty II
*"
ifr
Total In sight
i: «;
CO
tj*
Tot. receipts from planta'tns 5,297,308 1,710,698 1,764,336 5,872,607
Net overliiuil to May 1
712,1131 578,718
516,726 399,863
Southern consompt'n to May 1
279,0001 239,000 261,000 275,000
tt31=^ •J*
ET
MM
a
CO
CO
10
«.
0— S**!
C-
I
«:
Cf»
^ o ^ a:!D-^co:,pv>too>
M « ^ 01 '^ ^ «• H*
o
',
1:0
tOtOO^ICOCCIOCMOO*
OOtSCD'-'OttOt
I
1
mSC
I
dfc.
is
is
713,359 hales and tbe decrease from
129,018 bales.
Weather Eepoetb by Teleoeaph.— Our reports receired
from the South to-night indicate that generally the weather haa
been favorable to crop development but that in the Atlantic
States the crop is still backward and in some sections rain
would now be beneficial.
We requested each of our telegraphic correspondents to give
their views in their telegram to-night.
First
:
As
to
com-
parative condition and progress of planting this year. Second
The extent of acreage as compared with last year. Oar
readers will find below the results as they telegraph them,
—
^The weather has been warm and dry all
the week. Average thermometer 75, highest 81 and lowest 71.
OOOOOH'
cooOroto^rfkOCO*
Jndianola, Texas, We have had warm and dry weather
I
Crops look promising and are nearly a week
^ CO »CO «> -^ A
all the week.
JO CU 03 01 f
tO
to CO 03
OJ y«
top^^ cop 10 ** ® CD ©JD Xp »
CD — oi JO in
earlier than last year. Rain is wanted but there is no suffering.
M
Vo'it^tOCO^'w'iilOCiCs' llP'^SJCpiotO*'-'
cp-joi — -j**.aotooiCi:j'*4tcCiCi^ — c
The therCr ^
Planters have given increased land to cotton.
^ N; to 1^
i^»tO»^W>-«^CSO!**'^*^CSOC«|(*-)M
mometer averaged 77, the highest being 88 and the lo west 71.|
all
rain
tbe
week.
no
Palestine, Texas. There has been
w
o»
poco
«
tft*J
"col*- **«'-"
MtOM'- ^*o ts to *"»
Corn would be benefitted by rain but cotton is doing well
*ini— c;:OtO»-« cOtOAO- WM^OOWO.
tOD-4-*U'T.to
enough, and is a few days earlier than last year. Inoreaaed
land has been given to cottoa this year. Thd tbermomatsr
?5
has averaged 78, ranging from 63 to 88.
CO
CO;
S^f^t^^^ i"
bi ^'xtoroaco^cooicO:
Huntsoille, Texas.— Vfe have had warm and dry weathar
KioVcB^OJ*—
-J
*^
C0*O**00CD00
O O -J - •- '^ "'^
The
-•
all the week, and the crop is developing promiaiugly.
-^J^>M D« CO
' This week's
acreage has been increased, and cotton is a week earlier than
ttaiu-eg estimated.
The above totals show that the old interior stocks have in 1883. ^The thermometer has ranged from 68 to 98, averag_J
deortwsed during the week 20,540 bales andjare to-niglit 118,561 ing 81»
I
O);
ci;
*J'
OS
M
0»
M
60M
CJ •0^*41^0'^
lOCOCOX
oi'-jioo'-'
—
--4
rPk
tf»^
ffalveston, Texas.
j).
rf*
CJi
I
:
:
:
.
)-•
i
t
'
:,i
X>
*fc
I
—
.
THE CHRONICLE.
608
—
Dallas, Texas. There has been no rain all the week, and
Cotton is coming up
is needed, especially for wheat.
well. The acreage in the staple has been increased, and the
crop is about as forward as last year. Average thermometer
83, highest 100, lowest 61.
Austin, Texas. The weather has been warm and dry all
the week. Crops are good, but would be the better for rain.
Planters have given increased land to cotton, which is a week
The thermometer has averaged 80, the
earlier than last year.
highest being 98 and the lowest 62.
Luling, Texas. There has been no rain all the week. Corn
needs some, but cotton is doing very well yet. The acreage
in cotton has been increased over last year, but there is not
some
—
—
much
difference as to earliness.
—
Columbia, Texas. We have had warm and dry weather
promisingly. The
all the week, and cotton is developing
crop is a week earlier than last year, but the acreage is about
The thermometer has ranged from 68 to 89;
the same.
average, 78.
—
Cuero, Texas. The weather has been warm and dry all
the week, and the crop develops finely. Cotton acreage has
been increased, and the plant is ten days earlier than last
year. Average thermometer 83, highest 95, lowest 68.
Brenham, Texas. There has been no rain all the week.
The crop is developing well, but begins to need rain. Cotton
is a few days earlier than last year, but there is not much difference in the acreage.
Belton, Texas. With warm and dry weather all the week,
the crop has developed promisingly. There is an increase in
the land devoted to cotton of fully five per cent, and the plant
The thermometer has averaged 83, ranging
is a week earlier.
—
.
—
from
62 to 96.
"Weatherford, Texas. There has been no rain all the week,
and we are needing it very badly. Planting is not yet completed and is fully two weeks later than last year. It is
almost impossible to plow on account of drought. As planting
The thermomis not yet finished I cannot estimate acreage.
eter has ranged from 53 to 100, averaging 81.
have
had
no
rain all the
Louisiana.
New Orleans,
—
—We
The thermometer has averaged 74. Planting has been
retarded in localities, but taken as a whole is not later than
Acreage is somewhat larger, though percentage is
last year.
week.
small.
Bfireveport, Louisiana. Planting is five days late and
uncompleted. Early plantings have good stands and look
clean and healthy on the upland. For want of rain the late
planted is not yet up. Labor is efiicient. There will be an
mcrease in acreage of about five per cent. The present out-
—
promising.
have had no rain all the
Columbus, Mississippi.
week. Planting is ten days later than last year. The acreage
will be the same as in 1885. East of the Bigbee river stands
are unsatisfactory and much late planted not up. West of
the river stands are good. The thermometer has averaged
71, the highest being 8-J and the lowest 54.
Meridian, Mississippi. The weather has been warm and
dry all the week. Plaming is completed except where reAcreage
planting was rendered necessary by the floods.
about the eame as last year. The thermometer has ranged
look
is
—We
—
from
55 to 89.
—
Leiand, Mississippi. The acreage in cotton is the same as
The stand is not
last year, but planting is fifteen days later.
as good as last year, as many farmers had to re-plant a portion
This latter is not up yet, the ground being too
of their crop.
dry. The thermometer has averaged 74-8, ranging trom
58 to 87.
Arkansas. — We
[Vol. XLII.
nearly two weeks later than last year. Many stands are imperfect, but the present warm Veather improves the prospect.
Acreage fully as large as last year. Average thermometer 74,
highest 91, lowest 58.
8elma,
Alabama.—The weather
has been
warm and
dry
the week. The crop is twenty per cent backward and
there is a decrease in acreage of about fifteen per cent. The
thermometer has averaged 74, the highest being 85 and the
lowest 59.
Auburn, Alabama.
had rain on one day in the early
part of the week, but the latter portion has been clear and
all
—We
pleasant. The rainfall reached forty-five hundredths of an
inch. The weather this spring has been unfavorable and
much seed has failed to come up. There will I think be about
seven per cent less acreage in cotton in Alabama than last
year. The progress made in planting has been about the
same. The use of fertilizers has increased. The thermometer
has averaged 72 3, ranging from 55-5 to 87'5.
Madison, Florida. It has rained on one day of the week,
the rainfall reaching thirteen hundredths of an inch. Planting is virtually completed and good stands have been secured.
The acreage is about the same as last year. Some land heretofore planted in upland cotton has now been put in sea island
which is three-fourths of this section's crop. The thermometer
has ranged from 60 to 87.
—
— We
Macon, Georgia.
have had no rain all the week.
Planting has been nearly completed and is about ten days
later than usual owing to the late spring.
Rain is needed in
some localities. The acreage is supposed to be just the same as
in 1885.
—
Columbus, ffeorgia. There has been no rain all the week,
and it is much needed. Considerable re-planting has been
necessary, owing to defective seed and want of moisture to
bring up the plant. Acreage about the same as last year. The
thermometer has averaged 76, the highest being 84 and the
lowe>t
63.
Savannah, Georgia. — We have had no rain
all the week.
the best information obtainable there appears to be no
diminution in acreage as compared with last year, and the
crop to date is doing well where up. The thermometer has
From
averaged 76, ranging from 61 to 92.
Augusta, Georgia. It has rained lightly on one day of the
week, the rainfall reaching thirty-nine hundredths of an inch.
The crop ia not good. Stands poor. Rain is needed. Planting work is about two weeks behind last year. Acreage about
the same. The thermometer has ranged from 53 to 97, averaging 74.
Atlanta, Georgia. It has rained on one day of the week,
the rainfall reaching six hundredths of an inch. Planting is
about nine days later than usual and stands are very imperfect.
The acreage will be ninety-eight per cent compared
with the average for five years. The thermometer has ranged
from 73 to 905.
Albany, Georgia. Telegram not received.
U/iarleston, ISouth Carolina.
We have had rain on one
day of the week, the rainfall reaching twelve hundredths of
an inch, Plantmg is about two weeks late. Acieage about
the same as last year. The thermometer has averaged 73,
ranging from 60 to 93.
atateburg, ISouth Carolina. Planting is about up to an
average year, but cotton is backward in coming up on account
of dry weather, very many farmers not havmg more than half
a stand. There may be a slight decrease in acreage but it will
not amount to more than five per cent at the outside,
Wilson, Noith Carolina. It has rained on one day of the
week, the rainfall reaching fourteen hundredths of an inch.
Planting was finished one week sooner than last year. Acreage remains about the same as in 1885.
The following statement we have also received by telegraph,
—
—
—
—
—
—
had a light sprinkle of rain
Little Rock,
with a small quantity of hail on Sunday evening, the rainrall
The week has been warm and dry,
being inappreciable.
causing some complaints by planters as rain is needed to showing the height of the rivers at the points named at 3 o'clock
The state of the cotton crop is good May 13, 1886, and May 14. 1885.
finish sprouting cotton.
as respects condition of ground and general work, but about
May 13. '8t> May 14, '85.
twenty per cent of it needs rain to bring it up. There is no
appreciable difference in this section as to acreage compared
Feel.
Inch.
Feet. Inch.
with last year. The thermometer has ranged from 61 to 89, New Orleans*
14
2
2
5
Above low-water mark.
2->
8
21
averagmg, 77.
Aljove low-water mark.
Memphis
9
5
7
Above low-water mark. J8
Helena, Ar/cansas. We have had no rain all the week, qjid Nashville
—
30
o
Above low-water-mark. 13
the country is suffering. There is a slight increase in the land Sbreveport...
40
4
7
Above low-waier-mark. 43
Vlckeborg
intended for cotton, but considerable of it is under water from
* Now reported above low- water mark. Instead of below high-water
the river, which is rising again, with prospect that the overflow will not go off in time for crop. The stand is only mid- mark as prior to October 30, 1885.
dling. Average thermometer 76, highest 86, lowest 60.
India Cotton Movement pbom all Ports.— The receipt s
Nashville, Tennessee. It has rained on one day of the ind shipments of cotton at Bombay have been as follows for
week, the rainfall reaching fifty-nine hundredths of an inch. the week and year, bringing the figures down to May 13.
Planting is about ten days later than last year and the acreage
BOMBAY RKOKIPTS AND SHIPMENTS FOR FOtTB TBAR8.
Stands are good. The thermometer has averis unchanged.
Receipts.
aged 78, ranging from 53 to 91.
Shipments Since Jan. 1
Shipments this week
Memphis, Tennessee. The weather during the week has Tear Great OontiThis
OontiGreat
Year.
Total.
Total. Britain nenl.
Week.
been splendid for farm work, and planting is about completed.
Bril'n. tient.
had rain on two days, and the rainfall reached sixteen
950,000
19,000'l94,000 397.000 591,000 73,000
hundredths of an inch. Compared with last year the season 1886 7,000 12,000'
1885 10,000 26,000ls6.c 00;13^.000 ,312.000 4.M,000 ^8,000 677,000
is about ten days advanced, and there will probably be a slight
80-i.OOO 88,000 1,122,000
18841 8,000 26,iJO0 34.000, 337,000[471.000
increase in acreage. The thermometer has averaged 75, the 188322,000 70,000 02.000|302,000, 60 1,000 903,000 U8,000 1,203,000
highest being 87 and the lowest 61.
have iiad no rain all the week.
Mobile, Alabama.
According to the foregoing, Bombay appears to show an
Planting is ten to twenty days late. Stands are inferior and increase compared with last year in the week s receipts of
needing rain badly. Acreage about the same, probably a 15,0OC bales, and a decrease in shipments of I'^'.^OO balM, and
Blight decrease.
The thermometer has ranged from 61 to 86, the shipments since January 1 shew an increase of 140,000 bales.
averaging 74.
The movement at Calcutta, Madras and other India ports for
Montgomery, Alabama. It has rained on one day, and the the last reported week and since the Ist of January, for two
"Other porta" cover Ceylon,
remainder of the week has been pleasant and warm. The years, has been as foUows.
famfall reached twelve hundredths of an inch.
Planting Xuticoiin, Kurrachee and Coconada.j
—
—
We
— We
—
——
May
.
.
,
THE CHRONICLE
15, 188«.]
AMpnMUM/or <*« i«e«*,
ereat
Oontintnl.
Britain,
Oalontta—
1886
188S
.
SMpmtnli tine* JaKuaty
Oreat
Britain.
Total.
41,000
3,000
3,000
.<l,000
3,0U0
OonUntnl.
Total.
:s,coo
11,600
52,.-S00
1
66.000
64,000
MftflrHt
3,000
4,000
18HH
ISHft
All others
18Hr>
3,000
4,000
23,000
17,100
188S
13,000
20.&00
bales on account of the B«iter holliUys,
Th«M
figures show, therefore, an incronse in tho world'*
conramptlon or 4,000 halei weekly, Mr. Ellison having rnisod
the Continental total last month
Tho total Bpinners" stocks
45,000
In
May Report of the
of
3,000
S,00i)
3.000
S.OOO
1886
I'JS.'S
67,000
73,600
88.000
lo.^.nno
8iZ,000
U>.\60)
week show that the movement from
other than Bombay is the same as for the corres-
The above
the porta
totals for the
For the whole of India, therefore,
last year.
the total shipments since January 1, 1886, and for tlie correspondirg periods of the two previous years, are as follows:
BZPOBT8 TO EUROPB FROM ALL INDIA,
ponding week
1885.
18H6.
Shinmenit
Hurope
from —
1884.
ThU
vieek.
19,000
.591,000
a, 000
105,000
36.000
3,000
451.000
105,6>0
ai.ooo;
3,400|
808,000
161,500
,00c
696.000
39,000|
556,600
37,400l
969,500
Bombay
All otber ports.
Total
TMe
Since
Jan. 1
Thii
to all
•23
Since
victk.
Jan.
1.
Sine,
Jan.l
teeek.
May
Akxandria, Eaypt,
May
1884-85
1885-88.
12.
1883-84.
Keo Ui ts (oantars*)—
week....
Since Sept. 1
4,000
8,588,000
1,000
2,834,000
Till B
rAi»
Since
meek. Sept. 1.
4,00(1
2,631,000
TAif
Since
week. Sept. 1.
Thii
Sinr,
veek. Sept. 1.
E q[>ort8 (bales)—
lo Liverpool
To Continent
Tnt«l Rnrope
*
A UUQlar 18 US
1.000 226,000
4,000 156,000
1,000 295,000
2,000 184,000
2,000 2-14.000
1,000 129,000
5.000 382,000
3.000 479.000
3,000 373.000
1U8.
This statement shows that the receipts for the week endinft
12 were 1,000 oantars and the shipments to all Europe
May
5,000 bales.
Manchester Market.— Our report from Manchester tonight states that the market for yarns is easy and shirtings
quiet and that the demand in each case is poor; 338 cop
twist is quoted at 7 1-16@7 9-16d. and 8}4 lb. shirtings 53.
7d.@
63, 7d,
European Cotton Consumption to Mjly 1.— We have
received to-day, by cable, Mr. Ellison's cotton figures, broua;ht
down to May 1, The revised totals for last year have also
been received and are given for comparison. The takings by
nnd pounds, have been as follows:
spinnprs. in antnal bales
fyoi» Oct. I to
Hay
Continent.
arcat Britain.
1.
Total.
age year, as given :n a previous report of the Agricultural
Bureau, is as follows:
2,109,000
1,925.000
.
4,034.000
453
949,050,000 1,826.850.000
456
450
877.800,000
For 1884-85.
Taklngsi by 8i>inn(}r8 .. .bales
Average weljtht of bales
ponnds
2,087,000
41.1
924,.50.';,O00
1,989,000
4,076,000
440
437
869,105,000 1,793,610,000
Stated in 400-lb. bales, the following shows the total takings
and the total and weekly consumption for the two years
:
Oct. 1 to
Hay 1.
1885-86.
Bales of 400 Ibn. each,
000s omltled.
Spinners' stock Oct.
Takings to .May
!
51,
138,
2,373,
2.19'^,
Consuinpt'n 3 1 week".
1
Weekly C'msHtnplioii,.
OOs omitted.
In October
November
December
In
In
In
In
Jjtnuary
VlrRlnia
North Ciiro'lna.
South Carolina.
Georgia
1886.
188.5.
1884.
30
30
7«
80
SO
95
35
45
85
f5
82
81
7.5
53
»i
83
94
80
76
77
84
ProporlUm
Planted
1883
1882.
15
40
7>
35
67
85
86
81
35
75
71
fa
83
82
tiO
69
15
Arkant^ns
7.'>
79
O
70
Tennessee
77
77
t2
67
80
76
77
f-O
80
06
74
f5
87
,
MiSBis.'i ppi.
lyuuislana
Tcxjis
..
.,
AverasB.
76
77
81
75
72
m
86
75
71
I,
A v'ge Tear.
83
97
88
85
89
87
83
80
Florida
Alnbnmn
One can only understand correctly the text of this report
(which we first quote) by reading it in connection with the
above comparative figures, the figures for other years l>eiag
taken as etated from previous years' reports. According to
the figures it will be seen that the average state of planting
for the whole South is up to last year and better than any previous year since 1833; whereas in the Atlantic States, where
the text says the planting is backward on account of cold
rains, the result as expresse^l in the figures seems to be less
backward than any year since 1882 except in North Carolina.
The Cotton Crop
in the Memphis District.— Messrs.
Fontaine & Co., Memphis, issued on the 10th inst. their
report on the cotton crop for May 1. It covers West Tennessee, North Mississippi, North Arkansas and North Alabama, and is made up from 252 letters of inquiry sent cut
April 25, the replies to which bear an average date of May 1.
Hill,
The report
says:
for planting cotton.
rain In piinlons of
litgh
water la reimrted
fnmi
8iime
d.image
MlnBicsippI ai.il TcnncBscP.
from the .ivc fl^iw of the Mississippi ami fennel's e Kivcrs. hot the loss
hiw
Kivcn farmers
streams
of
these
is not serlons. and the rapid decline
ample time to replant their cropN wlierever necessary. Th>-re Is a verjr
district
na comIn
Ihe
iif
planted
cotton
sIlKUt Increase in the acieuKc
pured with last vear. behiE about 1 i>er cent. The IncrcHsert Hcrrssre of
That
only
State
runorts
Arkansas
is
the
corn planted is .^li.itit 4 per cent
a full supplv of lab'T. The exodus of negroes Inuu east of the Mlsstspcaree
In
iwitlons
of
si.mewlmt
labor
slpil during la'-r fall hfis made
he seas m. how- ver,oiiens favorTennessee, Mississippi and A'sb-iuni.
lo
the
planter."
ably, ami the outlook ts prominins;
In the main has been favorable
snme complaint Is nmdc "f loo mncb
'1
Jute Butts, BAOaiNG, &c.— The market for bagging has
moderately active, and though large orders are scarce,
the jobbing deai,and is good, and considerable s'ook is being
lieen
Total.
•
192.
!j
4,.568,
,;
Oreat
Britain
Conti-
Prices are stea'lv, and sellers are fi'4'"6»^c. for
IJ.^
6J^@7c. for 1^4 lbs.. 7;^(a>8c-. for 2 lbs. »niisi,-@8>ic,
for standard grades, though some dealers are asking .h shade
higher in a small w.iv. Butts are not active, and the market
Some few lots of paper grades have
13 about as las', reported.
been taken at 1 lllC'iJl'gC,, and bagging qualities at
Total.
nent.
89.
2,311,
241,
152,
2,173, 4.4R4
2,400,
?,222,
2,325,
1.922
4,72.5,
178,
403,
581,
2Jb@2?s'c., the
2.'J40.
I
In
In
1
May
moved.
1884-S5.
i
Supply
Spinners' stock Ma.v
May
lbs.,
Oreat
OontiBritaln, nent.
1.1
1
Proportion of Crop Planted
Stat SB.
.nlthonL'h
Taklnea hr spinners. .bales
Avera*?t5 weigbtof hales
Takin^^ In pountln
in
10,
"The weather
For 1885-86.
Taklnes
Aoriculturai, Buukai;.— Lnner Oato
the Agricultural Bureau at Wa<hington Issiiel the
following respecting cotton:
Cotton planting has been delaved by cold rains on the Atlantic Coast, and by overflow* on the Oulf Coast.
The prnnortion to be planted in May averagei 20 per cent.
In avfrage
years the proportion does not exceed 14 or 15 per cent. The
stand is necessjirdy defective on wet area^, but replanting is
rapidly fillins the gap'*. The proportions alreaiiy planteil ara
as follows: Virginia 30, North Carolina 53, South Carolina
88, Georgia 83, Florida 94. Alabama 80, Mississippi 70, Louisiana
77, Texas 84, Arkansas 75 and Tennesst-e 77,
The proportion of the crop planted >Iay 1 tins year in comparison with the four previous years, and also with an aver-
Alexandria Receipts and Shipments,—Through arrange"
raenta we have made with Messrs, Da vies, Benachi & Co.. of
Liverpool and Alexandria, we now receive a weekly cable o(
the movements of cotton at Alexandria, Egypt, Thefollowinfi
are the receipts and shipments for the past week and for thf
lorresponding week of the previous two year?.
Ores*
Britain and on tlie Continent have Increased
72,000 balw
during the month, and are now 133,000 h%\f moro tJinn nt
the Rttme date lost season.
36,000
37.600
ToUl all—
609
February
March
April
Our cable further
2,rG-'.
187.
87,2
68,0
70,0
70,0
70,0
70,0
72,0
i
2.511,
1,931,
4,04P,
527,
714,
64,0
64,0
64.0
64,0
64,0
64,0
64,0
4,76;),
121,2
182,0
134,0
134.0
134,0
134,0
136,0
'!
I
72,0
72,0
72,0
72.0
72,0
72,0
70,0
62,0
62,0
62,0
62,0
62,0
62,0
62,1
1.141,
134.0
134,0
134,0
134,0
134,0
131,0
132.0
states that although the average weekly
consumption of Great Britiin in April has been 72,000 bales,
as given above, a deduction from the month's total is made of
market clusing at these
figures.
exports of cotton from the United
'tntes the past week, as per latest mail returns, have reached
80 far as the Southern ports are concerned, thee*
93,709 bales.
la
are the same exports reportpfl by telegraph, and ptiblished
"With regard to New York we
the Chronicle last Fridav.
nclude the manifests of all vessels cleared up to Thursday
night of this week.
HHIPPINO
News.—The
^^
^^,^j
Liverpool, per steamers Aflrlnlle. 1.510....
2...<a....
B.illc,
1.107...
Australia.
Amerlci. 1.272 ..
" "nv...J.tlilopla,
C-ltv of Montreal. 2,!>2H....'>lunil)l«,
Hilirr, 1,814.. ..Italy. 2,9-'l....UiiiljrU 48!* ...
101
19,S17
Wisconsin. 2,"337
677
.^
To Hu'I. per steamer Biiffalo, 577
1,877
To Havre, per ftei.iuer Noitnaudle, I,37<
»1«
Mler.
'•••.•••••••^;---;,•••,•.:;
To Bremen, per steamer
1»*-;-To Haraburir, per steamers Uellert. .<flO....R1i»«.lto.
naealana. 1,401 1,451
i»Do, .50
To Antwerp. |>er»ieanieis 11
800
ToOenon, per steamer An hlnn ile.''*20!'
73
To Trles'e. per steamer Kihiopla,
SBW YORK— To
—
BM
—
:
.
THE CHRONICLE.
€10
Total balea.
American, 2,475....
New Orleans—To Liverpool, per steamers
3,875.... Mariner, 1,737....
Australian, j,414....La9sril,
Pontiac, 2,450. ...Puerto Kiqueno, 4,627. ...per slups
............ 27,628
BenieoB 3,851.... LyiliaSkolfleld, 4,199
To Havre, per steamer Nautes, 3,974. ...per slilp Wra. Tap-
-„•;
eoott, 5,693
vrii
To Bremen, per8tcamerClilntoma.5,025....porbarkHanip-
•'-o^O
ton Court. 1,655
^oo
,>'-^2
rSVS
1.'"
l
Saturaay Uonday. Titetday.
Spot.
,80"
oi^
Market, )
12:30 P.M. S
Dnll.
Firm.
Upl'da
aid. Orl'ns.
Sales ...
5»6
63,6
518
8,000
Spec.&exp.
500
12,000
1,000
ttld.
4,8_^J
o/t
3,8^8
lojc
40
3»s
54
To'Antworp, per steamer Nederland, 54
.—"93.709
particulars of these shipments, arranged in our usual
form, are as follows:
The
Bulk Havre,
nool.
577
York. 19,217
N.Orleanp. 27,628
1,985
Mobile
Savannah.. 2,505
burg.
1,100
6,680
1.377
9,667
tt
Market,
5 P.M.
Boston
1,713
......
877
395
Pliiladelp'a
912
912
140
6,363
5,770
3,978
419
51
577 11,044 8.657 3,483 1,800 1,052 93,703
rot »1... "67.824
Included in tlie above total from New York are 200 bales te Genoa
Trieste.
and 72 bales to
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
Nbw Orleans-For Liverpool-May 10—Steamer
Barely
Barely
(
stuadr.
steady.
10.000
8,000
500
500
—
—
.
50.
Below we give all news received to date of disasters to
carrying cotton from United States ports. &c.
May
8Bt,,
Optn High Low.
May
d.
d.
d.
5 04
6 04
5 01
5 01
5 01
Blay-June... 5 01
June-Jnly. 5 04
July-Aug... 506
Ang.-Sept.. 5 07
September.. 508
6 03
O0t.-SOT.... 4 63
Nov.-Dcc... 4 62
8ept.-0ct....
into another vessel.
Satur.
Liverpool, steam d ligiasje
Do
Ball...d.
Havre, steam
Do
c.
sail
5 04
5 04
5 06
5 07
5 08
Ofien
Clot.
5 03
5 03
5 03
5 01
5 01
5 01
4 03
4 62
4 08
5 03
5 07
6 08
6 03
4 63
4 6a
c.
"82
sail....e.
...
Hamburg, steam.o.
6l«
Do
sail
e.
Amst'd'm, steam.c.
Do
Do
321fl-
8ail...o.
Reval, steam
d.
6 00
4 63
4 63
4 63
4 63
4 63
4 62
May
13.
BUh
d.
5 03
d.
d.
5 03
5 03
6 03
5 02
iOi
6 04 504
5 01
5 03
603
32
V
32ia'
32«s'
"eta'sa iSai^'sa 13^4^732
Fri
32
V
32
V
13(4 ®7s2 13«49732 »3e43'32
....
....
>4®932
3B31332
as® 1333 %S133^
Per 100
02
02
03
04
05
6 03
5 05
September..
506 5 06
Sept.-Oct...
Oot.-NoT....
5 01
461
5 06
5 01
4 61
5 01
4 61
Nov.-Dec...
4 60
60
4 00
Aujr.-Sept..
5 05
ta
6 01
4 61
4 63
4
506
d.
d.
d.
5 02
5 02
6 02
5 03
5 01
6 03
5 03
5 01
6 01
5 01
500
461
400
5u2
5 02
506
6 07
5 02
4 62
162
Cloi.
d.
5 01
5 03
5 01
5 01
5 03
5 03
504
500
5 01
5 00
4 60
4 59
483
459
503 6 02
6 01
5 05
5 00
4 61
4 60
5 04
5 04
5 05
14.
Open High tow.
d.
504
BREADSTUFFS. May
Friday. P. M..
14, 188(J.
market has been very dull and prices are 5@15o.
lower for the week. The low grades are not in full supply,
and, being in most general request, have beea least depressed; still concessions have bean made to close oat parcels
from wharf. The better grades are much neglected, and even
at reduced quotations are for the most part nomfhal. The
close to-day was without recovery, though the better weather
somewhat increased the local trade.
The wheat market lias been much depres.^ed. The death
early in the week of Mr. Woerishoffer, who was reputed to be
The
flour
movement
when a partial
largely "long" of the market, precipitated a selling
fully arrested until to-day,
—
H9%2
*
tOi
d
d.
May
Frl.,
Lovf. Cla>.
5
5
6
5
5
Low. OlM.
d.
504 5 01 5G1
6 01 5 01 5 01
5 04 504 5 04
5 03 5 03 5 05
5 06 6 06 5 06
8 07 5 07 5 07
5 02 6 03 5 02
4 03 4 62 4 62
163 4 62 4 62
5 05
5 03
6 05
5 07
5 00
mod
d.
d.
HM®3le "e4SS,a »e4®^i6 Iie4a=i6»eia3i6 recovery took place, but without the development of strength
Tha lower prices have greatly
in any imiKirtant degree.
Die 3 Has 6l63'l33'*16al'33i*ie®"32
btimukted the purchases for export, and it is estitnated
"32
"sa
»sa
"as
"sa
they will exceed a million bushels for the week, including a
..••
quarter million to-day, here and at out ports, which move»16
SlB
»16
he
he
ment has embraced large lines of spring growth. The close
....
...
....
...
Baroelona,8team.c.
Trieste, steam... c.
Antwerp, steam..c.
5 03
6 03
Open
e
which was not
Genoa, steam
c.
Tkurt.
...•
«
sail
Mon.
as follows
Wednei.
05
03
07
08
Thnrs.,
>,
June-July..
Jaly-Ang...
3
5
6
5
d.
505
607
5 07
508
5 08 5 08
509 509 509 5 09
5 04 604 5 03 5 03
506 5 06
6 07
5 08
6 03
4 63
Sith to«. 0I«. Optn
d.
5 05
d.
6j6»nj2 Bu»"32
Bremen, steam.. c.
Do
.\pril 26.
lues.
11.
.
Bvea, bark (Sweden) from Charleston for Eeval, which put into HelsiuKOora makinRthive inches of water per hoar, and suliswjuently
proceeded after being surveyed, had struck on Charleston bar
when leaving, and sprung a leak at once, but having a fair wind
all the way across,' the master proceeded until he met with contrary winds in the Sound, when he came to anchor in Uelsingborg
week have been
May
Tne*.,
vessels
two weeks ended with April 28.
there bad breu locovcrfd from the steamship Sapphire, wrecked
at Te.xel, 21 b-iles of cotton.
TrNEM<juTii, steamer (Br.)— Diirlns the fortnight ended April 28, salvers recovered 37 bales of cotton from the Tyneraouth, stranded
near TerschelllnK.
Bertha, bark (Ger.), from New Orleans to Bremen, previously reported
as h.%viug put into Payal in distress, on April 14 was not coasldM-ed repairable, but her cargo was still on board for transhipment
thence prior to
Easy.
steady.
Mon., lUay 10.
8.
Wednm., May 13.
Saj'piiire. steamer (Br.)— Durins the
81ie sailed
Barely
and
.
freisfhts the past
Dull at
1-61 decline.
clioe.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
May-June».
Baltimore— For Liverpool -M.iy 10— Steamer Mentmore, 2,052.
For Bremen -May 12-Steamer America.
For Rotlerdam— May 5— Steamer Lero, 750.
PHiLADKLrniA- For Liverpool— May 12—Steamer Lord Gough,
Eoacla.
Easy at
I.Mds-
Quiet
May
Norfolk— For Liverpool— May 8— Steamer Beiibraeke, 4,150.
May 10BOSTON— For Liverpool— May 5—Steamer Gallia. 539
Venetian,
Steamers Norseman,
For Yarmouth -M.ay 8— Steamer jVlplia, 33. ...May ll-Ste,amer
Gotcon
n
Steaay.
Bernard Hall, 3,265.
For Cronstadt -May 6-Bark Mark Twain, 2,502.
Charleston -Fur Rcval— May 8 -Bark Poseidon, 1,400.
For Barctloua— May 8— Bark Anibil, l.OOJ.
Dominion.
53i,
8,000
cline.
i
Total.
23,994
4i.240
1,985
4,218
l.SOO
1,800
Norfolk....
Baltimore..
5he
Quiet at
1-64 de-
rinn.
1-61 decline.
5
Anna
265
Galveston
6,363
4,^93
3,838
5^
500
Eaay at
Market,
12:30 p.m.
5i«
518
53i«
Baiifax
Bar-
Eetal. celona. polls.
1,451
caiarleston
5^6
In buyers'
favor.
Freely
offered.
i
T(i-a Crus,
Bremen Ant(t Bam- werpit
New
Moderate
demand.
fiitureM.
more, 3,294
Liver-
*VkIov
Wednet. TKurtd'y.
e,iod
To Bremen, per steamer HoheDstauffen, 877
BOSTON—To Liverpool, per steamers Cepialonia, 1,100.. ..Koman, 2,738
To Halifax, per steamer Worcester, 100
To AnuapolLs, per steamer New Brunswick, 40
Fhiladelphia— To Liverpool, per steamer Illinois, 395
.---.-
The tone of the Liverpool market for spots and futures each
day of the week ending May 14, and the daily closing pricee
•f spot cotton, have been as follows:
"
To Antwerp, per steamer Nantes, 265
Mobile—To Liverpool, per bark Mora, 1,935
Savannah-To Liverpool, per bark Engelbrccht, 2,505
To Eeval. per bark Mertbor, 1.713
CHAKLESTON— To Barcelona, per bark Resuelta, 1,800
Galveston— To Vera Cruz, per steamer Harlan, 912
Norfolk— To Liverpool, per sbip Senator, 6,363
BALTIMORE—To Liverpool per steamers Caspian, 1,599. ...Oran-
Total
xuj.
rvoL.
H
J8®9n4
14^93,
H
>4a982
^
^4
1S®8P4
l4®932
38® 1332 %ai3„2
^n»fi
^ni'^M
M
>«®964
'4»»32
38 81332
"4
H9%,
lbs.
—
LrvEBPOOL. By cable from Liverpool, we have the following
statement of the week's sales, stocks, &c., at that port. We
add previous weeks for compainson.
April 22 April 30
bales.
Bales of the week...
Of which exporters took
Qt which speoalators took..
Bales American
Actual export
Forwarded
Total stock— Estimated
Of which American- Estlm'd
week
Of which American
Amonnt afloat
Total import of the
Of whicli Aniertcan
-
45,000
2,000
2,000
34,000
4,000
8,000
40,000
1,000
3,000
32,000
3,000
240,00<'
11,000
628,000
462,000
44,000
32,000
232,000
IM.^CO
1 (jO
634,000
466,000
57,000
40,000
nn(\
May
7.
74.000
2,000
7,000
59,000
3,000
15.000
649,000
472,000
104,000
72,000
233,000
147 000
41,000
1,000
2,000
33,000
4.000
11.000
63i.0O0
4-i9,000
39,000
2S,000
258,000
170 ono
this afternoon
was
steadier.
OAILT CLOSING FBIOBS OV MO. Z RED WINTBR WHEAT.
Wed. TKurg.
Taee,
Sat.
Mon.
88'4
88%
91
90
89Hi
In elevator
88
8339
89
Hl^H
90%
May deUvery
88>4
9;iis
8958
88=8
9L^
June delivery
July delivciv
August delivery
September deUvery
December delivery.
Fri.
88'4
83^
33H
9138
91I9
9238
9038
90=9
91>4
89%
89%
88''9
83''8
88=9
90ifl
90
95
gi^s
SSSj
93i8
89ia
96
92^
93>«
88%
89>4
lodian corn has bsen dull. The speculation has been sluggish, the export demand very small, and the local trade holding off. A wide range of prices for mixed has been made,
owing to the inferior condition of much of the receipts, and
the pressure to sell these damaged parcels. But in the past
two days strictly prime grades have improved, owing mainly
to their scarcity, and to-day No. 2 mixed sold at 47,^:^0. in
White corn, as well as jellow, has been very dull,
elevator.
but prices are well maintained. It is as yet too early to say
anything of the prospects for the next crop.
DAILY OLOSINO PBICES OF NO. Z MIXED OOBN.
Fri.
Wed. TImrt.
Mon. Tuet.
Sat.
In elevator
May delivery
June delivery
July delivery
August deliverv
47
47%
47
4/38
45''e
46%
47
4«>4
46i4
47
46
46
46is
46
46%
46%
46>2
46^8
46>«
463e
46>4
40'8
48
47ifl
46ifl
4714
46%
47's
46%
46"a
-
.
.
May
THB CHKONICLE.
1886. J
15,
OatB have been in good request and latterly more money has
been paid for white. Mixed for future delivery haa been
irregular, and closes (juite dull on the spot.
DAILY CLOSINO IMIICES Of NO. 3 OAT*.
Mayddllvery
June rtillvory
Jnly (iKliroiy
Sat.
ifoti.
30'4
3,^%
SS^s
SOas
J3»9
Tue*.
36>a
SOOs
81»a
32>4
SSU
Wed.
Thiin.
36I4
38''^
SSOg
34ia
32>4
Sftn^
31"^
Si's
Fr,
3ei4
Rye has favored
.
We
RMtiptt at—
Com.
Wheat.
jFlour.
Oats,
SarUii.
Rm.
«"<«.
Tni^rtat-
h,i«h.
Philadelphia
i.'i'),?!'!
Peoria....
Udloiiavmlla
2.7-,(»
78,07.".
KansaaCltr
3U,203
Baltimore
Hinneapollt
8'. Paul
Down MIsslwlppI
4S9,iiU!
35N
32 > Ou
Barley Ou
3t
32
buyers. Barley is out of season
malt is firmly held, but slow of sale,
"Ihe following are the closing quotations:
rvovR.
Pine
»bbl. $2 20» 3 10 4ii:ith'n oom. extras.. ^3 45 1> 3 80
2 05<» 3 40 Boathem Oakers'and
BuperHiie
family brands
Spring wheat extras. 3 Viit 3 65
..
3 85 9 4 75
Minn clear ami stra't. 3 80« 4 8.^ Rye tlour, superHne. 3 25 9 3 45
30i»
3
85
Corn
mealWlntoraliliip'KeJctras. 3
Western, <bo
Winter X}C A XXX.. 3 859 4 7.i
2 40 a 2 79
Brandywloe, Ao...
4 75» S50
Patmca
9 3 75
Southern supers...... 3 00a 3 40
GRAIN.
WheatKre— Western
60 9 62
SO 9 94
Sprlng.per busli.
State and Canada... 63 9 65
SprliiKNo. 2
«s 9 89
Oats— Mixed
36 9 39
White
H8 « Hi)
Red winter. No. 2
40 o 46
77 9 !)J
No. 2 mixed
Bed winter
ZtAi » 38
83 9 9.1
No. 2 white
White
42 » 43
35 9 49
Barley M.iltOorn— West, mixed
47is» 48%
(Jaiiada
West. mix. No. 2.
95 3105
4i 9 40
West, white
State, two-rowed... 75 9 80
45 it 49
West, yullow
State, six-rowed
80 it 90
4-<
White Siiuthern..
9 53
15 9 49
Yellow Bonthem,
movement
breadstufts
to marlcet is indicated in th»
The
of
statements below, prepared by us from the figures of the New
York Produce Excuange.
first give the receipts at Western
lake and river ports, arranged so as to present the comparative movement for the week ending May 8, 1888, and since
July 26 for each of the last three years:
AUfc'uat .Icllvcrv
611
>4'is
7(MI«
4l.8i5
iiH.niii
hush.
tty«,
btish.
tush
49,.100
209,7j:i
13.9.^0
1.5,113
8.47)1
648
217,3.%2
4,576,074
9U3,UOO
4.1.18
310.300
lakes
1,309, ''63
1,140,271
aa'^'do
87,rt98
2,282,200
SSI,'X)0
7.500
Tot,
Tit.
Xot,
Tot.
May
May
May
May
M ay
8, •««
^'
•-
400
'.'.'..'.'.
canal
Tot
•
bush!
rii
;";;;
^.
1
l.'"
9,
'•
10, '8»- ^u,,;i,,,i.i 1 111, ,1 /,7i)ii ;i,i!H,iii.; l.jji 'ii
12, 83' 21.021,818 15,617,398 4,202,190 1,844.300
5U..'U1
890,042
Minneapolis and Bt Paul not Inolnded.
THE DRY GOODS TRADE.
Nkw York, Friday, P. M., Mnj 14, 1886.
The dry goods market has presented few new featiuea of
interest the past week, bHsiness having ruled quiet in
commission, importing and jobbing circles, as usual at this stags
of the season. The demand for seasonable goods at flmt bands
was chiefly of a hand-to-mouth character, but some very fair
orders for fabrics specially adapted to the coming fall trade
were placed for later delivery. Men's-wear woolens were
conspicuously quiet, owing to serious labor troubles among
the hands employed by wholesale clothiers at some of the
most important manufacturing centres East and West, and
shipments of woolen goods to such points as Philadelphia,
Chicago, etc., were held in abeyance until the difflculties between capital and labor can be adjusted. The jobbing trade
..
8,733.318
50.303.760
78,211,574
46,986,814
19,456.070
3,«20,935
here has subsided into a comparatively quiet condition, bnt
accounts from many of the Western and Southwestern
markets indicate that a fair average business is still being
done in those sections of the country, highly favorable crop
reports having contributed to this result.
Domestic Cotton Goods,— The exports of domestics for
the week ending May 11 make a satisfactory showing, 0,527
packages having been shipped from this port. The principal
shipments to foreign markets were 6,435 packages to Cbina,
1,311 to Great Britain, 503 to Aden, 156 to Chili, 154 to Peru,
148 to Mexico, 148 to U. S. of Colombia, 103 to Venezuela,
&c. The total exports from this port since January 1st have
been 86,026 packages, against 63,311 for the same time in 1885
18M-88.,..
8,23«,20-3
91.042.988
79.9I0.tO4
4,201.828
and 51,885 in
7.379.816
81.(-00.977
01.S99.J15
47,827,730
51,023.353
15,982,092
188S-8I.
18,350.370
8.311,151
Bbtt.imiba Bmh.aOlbs'Bmh.S>Hl,s Bw)h.32 Ibs'Bmh.'ia lbs inuh.5SU>
53,321
80,517
833,209
558,951
94,064
S.711
Chicago
Milwaukee...
Toledo
Detroit
CleToland ...
St. Louis.
53,113
4,»0»
30,312
65,1E3
28,091
8,S4fl
3,417
3,000
130,081
18,»08
..
Peoria
2.124
4.000
151.563
Dulutb
Tot. wk. "SB
Same wk.
Same wk.
'SS
'84
10,083
311,034
63,984
15.000
208.285
74,990
23,437
30,089
6.075
28,900
131,525
205,350
12,886
1.440
1,000
218
7,800
6.174
4,500
127,672
147,227
172,359
21,043
3D.181
52.233
133,139
811.057
18B,774
478.729
573,117
1.505.583
989.307
1,644,570
1,317,823
319.054
933,372
1,086,898
3.000
7.122
Sinct Jul]/ SW
1885-88.
.
The receipts of
week ended May
flour and grain at the seaboard ports for the
8, 1886, follow:
Flour,
Wheat,
Oor7i,
Oats,
Barley,
Rye,
bbls.
bttsh.
bitsh.
bush.
bush.
bush.
117,054 138,0.50 115,4.10 475,034 26,250
750
50,255
15,800
144,992 111,154
1,540
1,175
At—
New York
Boston
Portland
Montreal
15,536
7,317
22,083
3,700
13,743
2i!946
78,425
125,234
7,127
Total weelc, 229,748
336,582
661,223
Philadelphia...
Baltimore
Richmond
New
Orleans...
119,033
44931
61,200
35,907
254-897
3:117
180,787
• 33,523
863,209
767,434
765,813
"sbo
Exports
from—
Hew York
Boston,
Portland.
.
News
N.
Phlladel..
Baltim're
N.Oil'ns.
Bichm'd
Total
Oom.
WTieat.
Bush.
317.132
65,362
97,627
76,000
73,331
49,076
wt
S'me time
Bush.
800,718
53,374
182;2V3
51,428
180,163
425,287
Flour.
482
18,997
Bbls.
73,020
56,843
1,396
Goto.
Bush.
789
28,590
6,107
Rye.
Bush.
7,633
Feas.
Bush.
840
27,599
10,172
17,7"'56
5',6o6
2,000
683,728 1,695,455
138,436
23,345
7,688
38,611
572,450 1,066,471
184,231
79,909
13,727
2,239
1885.
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 8, 1886 :
In store at-
Kew York
Do
Wtieat,
bush.
Oom,
4"!?"?
Buffalo
Do afloat
Ohlca^TO
Do afloat
Milwaukee
Do afloat
D°'otli.
Do afloat
J,0'e<lo
Detroit
Oswego
«. Ix)Uis
Clnolnnatl
Bo»Um
Toronto
Montreal
Oats,
btish.
btuh.
3,500,765
5S5,953
i',506
1,995,363
18,000
1,929,936
206.^07
10,000
38,500
97,803
10,490,5¥3
3,368,921
480,327
afloat
3,024, '156
Rye,
bush.
Barley
88,748
42.733
6.100
10.000
112,503
33,.50O
12,758
btuh.
116,485
54,884
19',4'9'i
5'5',545
7,114.30'8
124,521
1.380,25]
1,566,211
80,000
767,433
123,0<jO
93,822
417,449
792,203
428.301
42,056
130,OuO
1,526,022
31,000
58,766
14,987
1,044
366,000 1,390,000 763.000 587,000
Total stock (pieces)
Prints ruled quiet in first hands, but a fair distribution of
printed wash fabrics as lawns, batistes, foulards, ohambrays,
&c,, was made by agents and jobbers alike. Dress ginghams
were more or less quiet, but staple checks and fancies were in
fair demand, and fancy crinkled seersuckers and other
desirable woven wash dress fabrics continued in steady
request.
Domestic Woolen GtOOds. Men's-wear woolens were quiet
in demand, and tlie movement on account of back orders was
interrupted by strikes and lock-outs at such large manufacturing points as Philadelphia and Chicago. Desirable makes of
casslmcres and worsteds are generally steady in price despite
the recent lull in business, as are leading makes of overcoatings, most of which are well sold up. Kentucky jeans and
doeskins continued quiet, but stocks are well under control
and prices remain steady. For satinets the demand was light
and irregular, and there were no important dealings in flanWool dress
nels, blankets or carpets, but prices ruled firm.
goods, cashmeres, ladies' clotbs, tricots, etc., were only in
—
i',332
3,011
834
1884.
demand by
:
3,700
week '85.. 275,664
514,-.:03 62,725
6,755
The exports from the several seaboard ports for the week
ending May 8, 1886, are shown in the annexed statement:
Cor,
Staple plain and colored cottons were in
jobbers, but a fair business in a few
descriptions was done with converters, cutters and the manufacturing trade.
Prices of staple cotton goods have not
materially changed, and leading makes of brown, bleached
and colored cottons are mostly steady ; but corset jeans are
rather easier and in buyers' favor. Print cloths were less
activB, but prices ruled fir.'n at 3J^c. for 64x643 and 3J^c. for
56x60s. Stocks last Saturday ana for the three previous years
were as follows
May 8,
Jfav9, ifay 10, May 12,
1886.
Stock of Print Cloths—
1885.
1884.
1883.
Held by Provlilence^iauurrs. 83,000 425,000 222,000 121.000
i'all Klver mauufaoturers...
33,000
345,000
181,000
76.000
iZib.vOO
324,000
Provideace .speculators
283,0UO
315.000
15.000
298,000
Outside speculators (est)
75,000
75,000
very light
208,981
4,651
16,.^ 06
123.424
6.000
85,013
..
28,677
13,024
29,000
1,468
730
141,889
18,596
126,530
27,222
22,000
19,340
54,684
9,937
moderate demand for immediate distribution, but some fair
fall goods of this class were placed for later delivery.
There was a considerable influx of buyers of hosiery and knit
underwear, and their operatioos in wool hosiery and heavy
shirts and drawers (for future delivery) reached a fair aggregate amount.
Foreign Dry Goods.—The general demand for imported
fabrics continued light, but a fair business was done in a few
seasonable specialties, as dress fabrics, embroidered robes,
white goods, lace.', embroideries, &o. The auction rooms
were bountifully supplied with laces, lace goods and embroideries, which were distributed to fair advantage through their
medium, and a feature of the week was a closing auotton sal*
of Outnet's black silks, which, as usual, proved to be a suooess,
orders for
owing
to the popularity of the goods.
.
THE CHKONiCLE.
612
I
^XLsnxnuct.
Ruction ^al«s.
financial Cxrmvauics.
ship. STOCKS and BONDS
Sonds of Surety
NO OTHER BUSINESS.
At Auction.
The Guarantee Co. The
KEOULAK AUCT10^
SAX.EB
OF NORTH AMERICA.
»^.0M
B O N J> S
CMh
STO€KS AND
ON
OFFICE OF THE
Undersigned hold
:
NEW TOBK
,
WBDNBSDAYa AND SATURDAYS.
ADRIAIV H. m;L,L.EB
No. 12
OFFICE:
BKOADTFAV.
NO. Ill
J. K. Pulsford.
and
&
CO.
BROADWAY, NEW YORK
216
®0mm«tjcial
&
the protection of Polioj-holders.
Assets, January Ist, lo«8, tEyO.DiiO 42.
Officials ol Banks, Railroads and Kxpress Companies. ManaKcrs.Secretaries.aod Clerks of Pnbllc Companies. Institutions and
from
Commercial Arms, can ODtalD
BONDS OF .StKEXYSHlP
chariieB.
this
Company
at
moderate
^
CASUAI.T* DEPABTMKNT.
Policies issued .iBainst accidents causing death OJ
totally dlsabiinK injuries. ^
.
,
„
,,„
Full information as to details, rates, ic, can be
obtained at head ofllce. or of Company's Agents.
crane,
See
John M.
y
Wm. M. RirHAKijS, Prest. Ass't
Secretary.
KOB'T J. lliLLAS,
DIRECTORS:
David Dows,
W. G.Low,
Charles Dennis,
Alex. Mitchell.
U. A.Hurlbut,
S. B. Chittenden.
J. D. Vermilve,
M.Kichiirds.
Wm.
Coo.
J.8.T. Stranahan, A. 8. Barnes,
A.B.Hull,
J
L
Riker,
Geo.
8.
'gnxm
Mutual Insurance Co.,
NEW YORK, January 23, 1886.
The Trustees, in confoimlty to the Charter of
the Company, submit the following Btatement
©axxls.
Premiums marked
kinds ot
COTTON CANVAS, FELTING DUCK. CAD
COVERING. BAGGING. RAVENS DUCK. BAIL
TWINES. *C., "OHTAEIO" SEAMLESS
BAGS. "AWNING STRIPES.
Also, Agents
UNITED STATES BUNTINO
A full tapply. ail Widths and Colors, alwayi
No. 109 Duaue Street.
CO.
New
We have on hand and for sale flrst-class County
and School Bonds and other choice securities. We
especially recommend to conservative Investors onr
BEALKSTATKLOAN.-ion Improved City and Kaim
Properties. These have been made by us after rigid
Investigation of iitle and values, and can be transferred at once. Correspondence solicited. Highest
references East and West
Co.,
York, Boston, Philadelphia,
PRINTS, DENIMS. TICKS. DUCKS, Ao.
Towela, ttuUta, WbUe Goods & Botierjr
Drillt, Sheetings,
EQUITABLE
Co.,
FIRST MORTGAGE LOANS UPON IMPROVED
maFARMS. Interest and principal paid on day of
turity in New Y<jrk. funds promptly placed. Large
experience. No losses. Send fur circular, references
and sample forms. F. M. PERKINS, President: J. T.
WARNK, Vlce-Prest.: L. U. PKKKINS, Secretary
CHAS. W. OILLETT. Treas.: N. F. HART. Auditor
ASSURANCE SOCIETY,
JLIFE
BROADWAY, NEW YORK.
120
Assets,
January
1,
|58,161,925
10,483,617
15,008,480
1885
Surplus at 4 per cent
Income
Paid
Farm Mortgages
Real Estate Mortga^'es on City
and Farm Property, wurth two
to four times amounts of moitto
jrai-'es. iulcrest « per cent
7 per ci'MI. principal ami iuter-
NORTH-
WESTERN
GUARANTY
LOAN
est absolutely
guaranteed.
Amerioan Loan A Trust Com-
MINNEAPOLIS.
pany, of Boston. Mass.
Paid-up Capital,
«!200,000.
NEHEIl
8%
7%
6%
The
American Investment Company, of Emmetsbur^. Iowa, incorporated with a paid-up capital
of #500,000, with branches at Huron nnd .Mitchell,
Iowa,
Dakota,
offer Brst
Mortgane Fnim Loans
in
Minn., Dakota, and Neb., both Priucipnl and InlerDebeuture Bonds
em Guaranteed. Also per cent
(obliKatiims of the Company), running 10 j-ears, secured bv Mortgage loans deposited with the iUerIt also issues Demand
Certillcates of Deposit at 6 per cent Interest. Write
for pamphlet and references
canlile Trust Co., N. V,
Home OOice. Emmelsburg, Iowa.
E. S. OrmHby, Prcs., 150 Nnasnu St., N. Y.
The United
Insurance Co.
THE CITY OF NEW YORK.
IN
WA^fTED.
967, 970, 97f, 976, 981, and June
1884, Sapplement.
Ton Cants for eaeb of the above paid
at the Office
$1,91 5 ,020 67
T.
C. P.
All
H.
BROSNAN,
York.
President.
whbklwrioht.
Gbo. H. Burfobd. Actuary.
Fbauioh. Sec'y.
A.
lias
the following Assets,
Stock, City,
viz.:
New
Bank and
._
$12,740,326 46
Amount
Six PER CENT INTEREST on the outstanding certificates of profits will be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 2d of February next.
THE OUTSTANDING CERTIFICATES
ot
the issue of 1881 will be redeemed aud paid to
the holders thereof, or their legal representatives, on and after Tuesday, the 2d ol February
next, from which date all Uterest thereon will
cdSse. The certillcates to be produced at the
time of payment and canceled.
A DIVIDEND OF FORTY PER CENT
Is
declared on the net earned premiums ol the
Company, lor the year ending Slst December,
1885, lor which certillcates will be issued on
and alter Tuesday, the 4th ol May next.
By order ol the Board,
J.
H. CHAPJUAN,
Secretary.
the profits belong to the Policy-holders eicla-
AU Policies issued by this
able after three years.
Company
are indisput-
AU Death Claims paid without DISCOUNT as soon
as satisfactory proofs have been received.
This Company Issues all forms of Insurance, including Tontine and Limited (Non-Forfeiting) Tontine.
One month's grace allowed in the payment of
Premiums on Tontine Policies, and ten days' grace
full force
all others, the Insurance remaining In
during the grace.
Absolute security, combined with the largest libercomality, assures the popularity and success of this
pany.
GOOD AGBNTS, desiring to represent the Company, are invited to address J. S. GAFFNBY. Super-
Uoma Office.
TR VST.EES
:
Adolph Lemoyne,
D. Jones,
Charles Dennis,
J.
Robert B. Mlutarn,
Charles H. Marshall,
Frederick H. Cossitt,
William Bryoe,
H. H. Moore,
James Low,
A. A. Raven,
Johu Elliott,
Sturgis,
James G. De Forest,
Benjamin H. Field,
Charles D Leverlch,
Josiah O. Low,
Thomas B Coddlngton John L. Riker,
N. Denton Smith,
William Degroot,
George Bliss,
Horace Gray,
Henry E. Hawley,
WiUiam E. Dodge,
William D. Morgan,
WUliam H. Macy,
Wm.
Ass't Sec.
slvely.
Inteudeut of Agencies, at
$776. 712 42
$9,034,685 00
otherStocks
Loans secured by Stocks and
1,438,600 00
otherwise
Real Estate and Claims due the
530,000 00
Company, estimated at
Premium Notes and Bills Re1,508,143 33
ceivable
22 8,897 8 8
Cash in Bank
W
1850.)
& 263 Broadway, New
261, 282
same
States Life
on
Chronicle Numbers
York
AND MAKES
Eastern Managers for Company,
8-.i,000,000.
Company
PROMPT PAYMENT OF CLAIMS.
(ORGANIZED IN
CARPENTER,
Bankers, Troy, N. Y.
Authoriz'd t^apital
81,072,486
ISSUES
IND1SPIJTABL.E ASSCBAKCES
Send for circulars to
4fc
during
THE SOCIETY
Se-
curities for Kuaranty held by the
CO.,
in 1884
to Policy iiolders
Ia6t25 years
In Sams of $100 and Upwards on in
diaua aud Ohio Lands.
NOTHING SAFER. ALWAYS PROMPTLY PAID
SEND FOR PAMPHLET.
JOS. A. mOORE,
84 Baat market St.. Indianapolis, Incl
tlie
Returns ol Premiums and Expenses
for Export Traiit.
<tc.,
%USUXViXitZ,
LAWRENCE, KANSAS,
Offers to Investors the best securities in the market.
Losses paid during
period
Tlie
THE >VESTERN
Farm Mortgage
from 1st
itoO
In
AND SHEETINGS,
COI.OKADO.
off
January, 1835, to Slst Decem$3,770,094 30
ber, 1885
United States and State of
Fabyan &
$5,196,143 76
Premiums
Total Marine
SELLING AGENTS FOR LEADING BRANDS
Hayden & Dickinson, BROWN
& BLEACHED SHIRTING
INVESTMENT BANKERS.
DENVER,
Slst
January, 1885, to
1st
COTTON SAILDUCK
Bliss,
piCoytgaflgs,
Co.,
And all
December, 1385:
Premiums on Marine Risks from
$3,856,618 66
December, 1885
Premiums on Policies not marked
1,339,525 10
ofl 1st January, 1385
M&nalaotaTera and De&lert In
..
.
The bonds of this Company are accepted by the
oourts of the various States
Q.G.Williams,
SON,
BrinckerhofF, Turner
in U. S. Gov't Bonds.
with the N. Y. Ins. Uep't, tor
Cash Capital, »25O,0OO, inveated
t;iOO,000 deposited
&
NEW YOBK.
of its affairs ou the 3lBt
FIDELITY & CASUALTY
Nos. 214
PINE STREEX,
BQUITABLK BtriLDINO.)
D.J. TOMI'KINS, Secretary.
Niw TORK DiRECTOKS-Joseph W. Dreiel. A. L.
Hopkins, H. Victor Newcomo. John Paton. Daniel
Torrance. Edw. K. Wlnslow, Itrastus Wlman, l. P.
Olcott
f^
ATLANTIC
of all classes of
capital
Assets and Hesourcos
Sii.nn
.i4u,i.w
Deposit with Insorance Department
Vice-President:
President;
FERUIBa.
JAS.
HON.
BIB AIJZ. T. GALT,
Managing Director Edward Rawlinos.
Vol. XLII.
,
Hand,
John D. Hewlett,
WiUlam H. Webb,
C. A.
Charles P. Burdett,
E imund W.
Isaac Bell,
Edward Floyd-Joneg,
Anson W. Hard,
Thomas Multland.
Corlles,
JOHN D. JONES, President.
CHARLES DENNIS, Vloe-Piesident.
W. H. H. MOORE, 2d Vlce-Pres't.
A. A.
KAVEN.
Sa Vice-President.
;
••
May
;
ILottcje.
Dodire County. O«orcta. In Rr>ok
IMiMes 183«t «r9.,Telfair County, 0«of»la, In Buok
pases 106 ce te^.;
ur Tim
East Tennessee Virginia
mnde on the
17th day of
Mftrch. ttW«. by the IMrtMilt Court ot the United
States of the Kaaterti DtHirtct of Tennewee, lu tho
CHtuM of the Ceutrihl Triitit (\>m|>an7 of New York
tpUnst thu Kii»t Tuntiensvo VMrKinIa & Ueorsta Rail-
road Company
rt
<i/.
and confirmed by the Circuit
Courtii of the United States fur the Districts
Georifl^ Alubuniti hikI Misalsslppl. I will
Ou the
2.>th
of May,
day
1886,
of
at
KnoiLTllle, Teuuessee,
expose to public sale to tbe highest bidder all the
rltfht. title uud luterust of said East Tennessee Ylr.
A Oeorgla Railroad Company and the other
parties to said suit, in and to all the real and perottiU property described iu said decree of March
17lh, 1880, to which reference is made; being the
same t;roperty (excepting the line of railroad extending from KnoxTille, Tennessee, through Ander8on and Campbell Counties. Tennessee, to the Kentucky State line, known as the KnoxvUle k Ohio
Railroad) set forth and described in a certain mortgage or deed in trust, executed on the 15th day of
Jwie, l*<i, :ind known as the "Consolidated First
Mortgage" of said Hailroad Company, which is duly
recorded lu the public registries for deeds and mortgages In Tennessee, Oeorgia, Alabama and Mtsslsgliila
ippi. as follows;
Sullivan County, Tennessee, in Trust Deed Book,
Tol. 29, pages 200 H uq.;
Carter County, Tennessee. In Trust Deed Book
No. I pages l(i3 rt sr^ ;
Washington County, Tennessee, In Trust Deed
Book No. 2. pages 2i^ eC teq.;
Greene County, Tennessee, in Trust Deed Book
Ko. 2, pages 1 et tat.;
Hawkins County, Tennessee, in Trust Deed Book
1, pages \saetstq:
Cocke County, Tennessee, in Trust Deed Book 1,
pages 172 et teq.;
Hamblen County, Tennessee, in Trust Deed Book
Ko. %, pages B8 et $eq.;
Jefferson County, Tennessee, in Trust Deed Book
No. 2. pages 162 tt xq.
Knox County. Tennessee, in Trust Deed Book F,
rol. 1, pages 210 et geq.:
,
Loudon County. Tennessee,
et atq.;
472
et
In
Deed Book No.
4.
\.
Monroe County. Tennessee,
Deed Book U. pages
In
nq.;
McUltm County, Tennessee, lu Deed Book U,
pages 252 et seq.;
Bradley County, Tennessee, In Deed Book G, pages
205 et teq.;
James County. Tennessee,
pages 320
In
Deed Book No.
2,
et »<!«.,
Hamilton County, Tennessee,
2,
pages 71
In
Deed Book K,
vol.
et teq.;
Whitfield County, Georgia, In Book of Mortgages
A, pages 208 et teq.;
Gordon County, Georgia, In Book U of Deeds,
pages 63 < t <e«.;
Floyd County. Georgia, In Book C of Mortgages,
pages iSOet teq.;
Polk County, Georgia. In Book of Mortgages, pages
75 eC
of Mortgages,
et teq.;
Book EB, pages
1»3 et
Hale County, Alabama.
Book
B
Book No.
In
8,
of Mortgages.
'
Mqursn*
Wed.. Msr !«.• A.M.
<|-n«at*rlTe Wed.. M»r
^ M. 1 1 ^
A.M.
"Wed.. June'sri!*) a".!*'
H»t.. .!«„„
H A
LA NOK.\;A.Mll|i. Korssl.lec.t^st.Jun.' ft,
l4
In Biinriiiwne (new). )iRlnrd«y. July 8: l.a rbamPBgno in^w). s«iurd»y. July lOi Iji Normeodle. HMnrdHy. .luly IT.
''I
V'!
I.A (I
\
I
M I'A.i.VK. Tr.uh
S
aPM
Hkki or
I'AHSAOXOnoladlng wln•):-ToB•Tr•-
Klnltc«bln.»10OMd^l^0i Meond eablD. WW, itj«l
age, «S2-tnclndlnK wtna, bedding and ntanilli. K*.
turn tlekeu >t yerr reduced rataa. Cbeeki on Banana
Tnnaatlajitlqna, narraand Parli.ln amounutoialt.
ttpeclal Train Ttom Harre to Pari*.
"TKa CompaoTila Ganarala Transatlantlaaa dallTan
at lu oflBoa In Naw York apadal train tlckau tnm
Harra to Parla. BacKaga cbaokad tbronab to PhM
wlttaoot azamlnatlon at Harra. prorldad imiaii—ii
baTathaiaisa dallrarad at tba Companr'i doaVfi
Naw York. Plar4S North Hlrar. foot ofMortoD RtV,
at taaat two bonra bafora tba dapartura of a ataaaat.
DB BBBIAN,
Acent,
No. 3 Bowline Oroaa.
pages 739
Sumter Cuunty. Alubami.
In
Book
I^ttoruttja.
11,
pages 243
et
seq.;
lAuderdale County, Mississippi.
pages 301 et teq.
•
ALSO. AT
*
PLACE.
I
will sell all
In
Book
tbe right,
said Bast Tennessee Virginia
and Interest of
Georgia Railroad
title
A
William
.Vo. 8,
THE SAME TIMS AND
Company, the Tennessee SUte Line Railroad Company. Samuel Thomas, and the other parties to said
suit, in and to all the property described In said decree of March 17th, 18S6, to which reference Is here
made being all the property described and set forth
In three certain deeds of Indenture of mortgage or
trust, executed respectlyely on the Istday of March,
1883, the Ist day of April, 1883, and the Uth day of
W.
Porter,
Attorney and Connncllor at Laiv
MM.* No. 623 WALNUT STREET,
Pblladelphia, Pa.
ma.*K
Oorporatlon. Transportation and Commarclal Law.
RErEHENrES:-TheTmatCompaolea, Tba Nation*
Bankitand Kallroad Companlasln PhUadalpbla, and
the Judsea of any of tbeConrta.
;
October, 1884, and recorded In the public registries
of deeds and mortgages In Tennessee and Georgia,
aa follows
James County, Tennessee, In Deed Book No. 3,
pages 78 ttgeq.;
Whitaeld County. Ueorgla. In Book of Mortgages
A, pages 431 et »eq.;
Catoosa County, Georgia, 1« Deed Book F, pages 1
A. Angier,
E.
Attorney and Counselor at
Law
ATLANTA, GEORGIA.
PBACTICK8 IN ALL THB CODBT8.
Oorporation and Oon,mereial Law a SpteUUtt
Refers to Jndnea Stephen J. Field and Wm. B
Woods U. 8. Supreme Court. Waahlnoton. D C.
et sea.;
Fulton County, Georgia,
in
Mortgage Book K.
page!* 754 etseg.;
Bibb County, Geoniia. In Book 11, folios 75 et $eq ;
Futtoo Cuunty. tieorgia. In BookL, puges 705 et se^.
Said property may be generally described as a line
of railroad exteuding from BristuI, Tennes>ee,
through Knoxville to Chattanooga, Tennessee, from
Morrlstown, Tenneasee, to Uimka, Tennessee, from
Ooltewtth Junction. Tennessee, to Cohutta, Georgia,
from Cleveland, 'reiine.*3ee, through Dalton and
Rome, GeufKla. to Atlanta. Macon, and Brunswick,
Georgiatwith a branch Line extending from Cochran, Oa., to Hawkinsville. Ga.), and the line from
Rome through Talladega, Auniston and Selma, to
Meridian. Mls8l!>8ipt>i: together with all the rightsof
way, franchises, njlliiig stock, and equipment of said
iluilroad Company, anti ail the other pmperty of said
defendants real, personal and mixed, mentioned and
described in said decree of March l7th. 18H6. and in
said Mortgages or Deeds of Trust; including the
capital Htock in tbe Memphis & Charleston and
Knoxville & Ohio railroad companies, owned by said
East Tennessee Virginia & Georgia Railroad Company.
made upon
No
BAGGING.
WARREN,
bid for less than ten million dollars wilt
Wn.
RVKiB, Special
I1Ia0t«r«
4c
GRATZ
Jata BacglDi
IMFORTKSS OF
IROM COTTOIV TIES.
II8TABLI8HKD
1886.
Engrene R« Cole«
BSTATIONER AND PRINTKR.
Supplies Banks. Bankers. Stock Broken and Corporations with complete outilts of Account Books and
S tatio nery.
tir~ New concerns organising will have tlialr orders
promptly executed.
One hundred thonsand dollars, cash in hand,
\i
JTONES
ST. LOUIS, Mo.
Uanafaotaran' AgenU for tbe sale of
the
The purchaser
For a fuller and more exact and detailed statement of the terms of Kale, reference Is made to said
Decree of March 17th. IflSrt, entered of record In
said cause, anl under which said sale will be made.
Book 2 of Mortgages
•
I
A^
I.A
et acq.;
said I'Ink's receivership.
»
pages 562 rt teq.;
Pulaski County, Georgia, la
^afiiir7e(se«.;
f
n B
n
In
Book X, pages 458
t
Monroe County, Oeorgh^ In Book O of Mortgages,
pages lAletteq.;
Jones County, Georgia. In Book V of Deeds, piiges
In
rrom Pier (newi «. North KIt«t. foot of MottM Ik
Tr.Tel.r.kir this lln.srolil ^otkltnuuMt
bTSimk
raUwAy
allwKy Hnd the diMomforts of eroMlaa tkaoSaS
»^^™^^
-"!!
-"
I.OCI8
In
the remainder of his bid may be saiisHed ordisGbarged in whoit-or in part bv paying over and surrendering any of the consolidated First M< rtgage
tM>nds, issued under said Mortgage of June 15ili.
1881. and any overdue and unpaid coupons belonging
thereto, and also any Cincinnati & Georgia Division
bonds '.f said Fast Tennessee Virginia & Gevrum
Railroad Company, of its two miili 11 Issue of March
Ifll. lS8;i. -nd any overdue and
unpaid coupons belongintr thereto, ai such price and value aa will bo
equivalent to the't-trlbative amount that the holders ot said bonds would be entitled to receive thereon, in casH the entire amttunt of the bid was paid tn
cash, hut non" of said bonds ^r coupons will be received In p <ymcr]t of any portion of the purebsse
trice, until all he conts and t-xpenses provided for
f
n said decree of March 17. IbSB. and the expenses of
sale, shall have been fut It paid;
Mmr'h, In ad()lti«>n tcitneaumbid for the property,
the purchaser or purohaners will take the prt)pertv
subjectto, and will be required to ansume and pay
off and discttarge. any and all clatmn now pendliiir
snd undetermined Ineithc- of the courts In which
theorlglnal and anrtlllHry bills are pending, which
may be .tllowed and adjudged b> the Court as prior
Ut anv right secured under the mortgages herein
mentioned: and Miihlt'>ct likewise to all debts, claims
and demands, of whatsoevfr nature, incurred or
which may be liicurr.-d, liy H*'nry Kink, a-* Ueceiver.
and which may remain unpaid at tbe termination of
et mi).;
Twiggs County, Georgia,
GENERAL TRANSATLANTIC CO.
NKW VOHK aad HAVMB.
et «</.;
Marengo County, Alabama,
France.
Betw««n
No.
will be required to be paid at the time and place of
sale, and the balance of the purchase price may be
paid either in cosMor. at the option of the purchaser.
Book L of Deeds, pages
Bibb County, Georgia, In
Direct Line to
et seq.:
Third,
21 et teq.;
t
Shelby County. Alabama, In No. • Record of Mortpages 157 et $/q.:
Calhoun County, AUbaaia, In Book M Register of
Deeds, pages 580 tt teq.;
Cherokee County, Alabama, lo Book
Register of
Deeds, pages 76 p( aeq.;
Talladega County. AJabama» In Book BE. pages 481
thereon
301 et teq.;
878
390
4. pitgos
or purchasers will take the
property subject to all existing prior raltd Hens
H
I
Record ur Mortgage
S9.
et »eq.;
Second.
Jasper County, Georgia, in Book
In
pages 1 et teq.:
Chilton County. Alabama. In Book No.
First,
,
"«•
Autauga County. Alnbama.
TERMS.
teq.;
Butts Coun.y, Georgia, la
of Mortcaces.
pages 290tt»eq.;
Dnllus County. Aiabanui, In Dood or Mortgmre Hwr
ord U. pages 604 tt »eq.;
Perry Couuiy, Alabama, In X>«ed Record WW,
pages 26 et $eq.;
Btbb County. AUbama. la R Rooord, pages 143 «(
Book, Tol
ONLY
of M(irt«a«as
U
Book K of Mort««gM,
The sale of said property will be
following terms, to-wlt
Paulding County, Georgia, In Book Qof Mortgages,
pages 507 et teq.;
Cobb County. Georgia. In Book F ef Mortgages,
pages 181 et teq..
T>
Bartow County, Georgia, lu Book A of Mortgages
pages 268 et M«.
Fulton County. CJeorgla. In Book
of Mortgages
pages 247 et MQ.;
De Kalb County. Georgia. In Book of Mortgages,
pages 335 et teq.;
Coffee County, Georgia, In Book A of Mortgages,
pages 18»e£ je<i.;
Clayton County, Georgia, In Book A of Mortgages,
pages 127 et seij.;
Henry County, Georgia, In Book U of ]>eeds, pages
pages 516
AppllHtf County. UeorgI*. tn
piMieaSc(Mgr.;
MUiumtihipt,
gagefe,
At tbe door of the United States Castum House,
pages 200
\li
Wayn3 County. Oeorifla, tn B4*ok I* uf ICorttfatfei.
paKOs]73«t seq.:
Glynn County. Ueonrla. In Book T of lCort||a««a,
Georgia Railroad.
Tirtiio of H (liHToo
(;Hk()NI(;LE
Seflal gtoftice.
Foreclosnre Sale
Special Sfoster'B
&
:
THK
in, 1886.J
%zQnl
By
:
1
WILLIAH STREET,
(HANOVBB BQUABB.)
SECURE BANK VAULTS
WELDED CHROME STEFLAND IRON
and S ply Platea and Anclaa
Ao.
Cannot be Sawed. Cnt or Drilled, and praettcallT
In
Round and
Plat Bars,
FOR SAFES. VAULTS,
Borirlnr Pnntf.
CIIROIHE STEEL fVORKS,
RROOKLVN, N. T.
Oronlara Frw*.
JOSEPH CI LLOTTS
STEEL PENS
4bu Br AU. OCALERSTmsuokxitI* WORLD
COLO MEOAL PARIS EXP03IT10N-I878.
,
THE CHROJ^ICLK
VUl
(S/otton.
&
vVoodward
I
Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
cash or on marKln.
DEPOSITS RKCEIVBD— subject to check atslskt
—with interest upon balances.
Special attention nald to
Neiv York.
COTTON, ALL. GRADBS, SUITABLB TO WANTS
aocountsof
Co.,
Uembers
G. E. Staenglen,
WALL,
NEW
COTTON EXCHANGE BUILDING, NEIV YORK,
of the Cotton, Coffee and Produce Eich's
AGENCY OF
YORK.
ORLEANS,
AGENT FOB
ORIENT GUANO MANUFACT'G
COTTON COMPANY OF STUTTGART.
Co.,
Sooth 'William St., New Iforli,
ZBCUTB ORDERS FOR FUTURE DELIVERY
C O T T
OK
NEW YORK, LIVERPOOL AND NEW
LBANS COTTON EXCHANGES.
OR-
Also orders for
COFFEE
NEW YORK COFFBB EXCHANGE,
High Grade Pyrites
and
CHICAGO BOARD OF TRADE.
COBBESPONDKNTS
Messrs. Smith, Edwards
lilTerpool.
J as. Lea
&
Bullard
Cotton
&
Wheeler,
COTTON COMMISSION MERCHANTS
NEW YORK.
BAGGING AND IRON
(X)TTON.
BRO'S,
No. 40 EXCHANGE PLACE,
MJIMBER8 OF THE COTTON, COFFEE A.ND
PKODUOE EXCBANOES.
Orders executed at tbe Cotton Exchanges In New
York and LiTerpool, and advances made on Cotton
and other produce consigned to us, or to our corresMessrs. L. Rosenheim St
Sondents in Liverpool
ons and A Stern & Co.; In London, Messrs. B. New-
Cotton Brokers
Dennis Perkins
New
186 Gravier Street,
New
York.
I
Speoiai. Attejjtioh
op obdeb8 fob
Given to the Exeoution
futube conteaot8.
Gwathmey
&
Bloss,
COMMISSION MERCHANTS
PEARL
No. 123
ST.,
MEW YORK.
Robert Tannahill
&
Co.,
New York
and Liverpool ^Iso for Grain anA Pro
;
New
visions In
Cotton Commigsion Mercliants,
Cotton ExcbanKe BuildlnK,
Henry M. TaberSc Co.,
141
New York
PEARL
Future Contracts
ST.,
NEW YORK.
Jones,
STREET, NEIT YORK.
Liberal advances made on Cotton conslgnmenu.
Special attention given to orders for contracte for
fiitnre delivery of Cotton.
ic
CO.,
COMMISSION MERCHANTS,
Receive consiffnments of Cotton and otber Produce,
and execute orders at the Kxcban^es in Liverpool.
Represented in New Yurk attbeoaice of
SAM'L
WALDRON
Hoffmann,
COTTON BROKER AND AGENT
DE
I.A
ROITRSB.
HA VHK.
James F. Wenman & Co.
COTTON BROKEK8,
No. 113
PEAPL STREET,
BstabUsbed
(In
N. Y.
Tontine Building) 1840.
Geo. Copeland
&
Co.,
COTTON BKOKEEB,
184
Phenix Insurance Co,
OF BROOKLYN,
New York City
Company \st Day of Jan., 188S.
»I,000.000 Ot
CASH CAPITAL
0«ce, 195 Broadway,
statement of
Reserve for unearned premiums
Reserve for unpaid losses
Netsurplus
PEARL STREET, NBIV YORK
&.
BABCOCK
O.
i^treet.
New
York.
TAINTER.
COTTON MERCHANTS,
No. 97
2,390,985 97
387,837 87
640,991 18
t4.S43.lS0 38
STEPHEN
CROW^ELI., Prealdent.
WM. R. CROWELL, Vice-President.
PHILANDER SHAW, Secretary.
WM. CHARTERS, Assistant Secretarr.
17 Water Street, l,IVERPOOI.,
32 Nassau
38 RITE
RV:avRR STREET, NE^V YORK.
FRANCIS
PEARL STREET.
P.
BUKKB,
Seo'y Local
Dept.
.^TNA
BABCOCK&CO.
NORFOLK, VA.
promptly
COTTON BROKERS,
63
Dellverr of Cotton bonstat and
on ooramiSHlnn.
B. F.
New York.
WALTER & KROHN,
AdTanoes made on ConsUiiuneiita of Cotton. Consnlrt
F.
as Pearl Street,
tracts tor Future
Liverpool.
Co.,
Orders for Spot Cotton and Futures
COTTOIV.
and Mia of
Special attention given to the pnr<ihaM
York.
&
COTTON BKOKEK8,
Orleans, La.
Orders, for future deltverf of Cotton 'executed Id
BVRE, FARRAR
Reid & Co.,
& Commission HercliantB
Cotton Exch. Building,
A Co.
133 PEARIi
Price,
FUTURE
Mohr, Hanemann& Co.,
:
&
NEW YORK.
NORFOLK, VA.
0P-TOWN OF»I0«, No. 204 CHITBCH STBBJff
Nenr Yorlc.
Farrar
Cotton Exchange Building,
Liberal advances made on Cotton conslKnmenta.
Speoiai attention given to the sale of cotton to
arrive or in transit for both foreign and domeatio
marki.ts.
Correspondence solicited.
Factors
New York and
Co.,
Ware & SCHROEDER,
COTTON COMMISSION MERCHANTS,
TIES,
Attention given to piirchase and sale of
&
Schroeder
Successors to
(FOR BALING COTTON).
Advances made on Cotton Consiffnmeiits and Special
Co.,
oomnissioN ioerchants,
In
G.
Cotton Brokers,
AND
»ass
HK>rBT H. Wbeelieb.
Montgomery Ala.
LEHMAN
from Arsenic.
;
Co.,
Lkhman, Dubb a
& Co.,
New Orleans, La.
Bullard.
L.
CONTRACTS OF
McLean, New Orleans.
LlH>fAN, Stkrn
John
and
NEW YORK PRODUCE EXCHANGE
free
Pald-Up Capital, K. M. 6,000,000.
ALSO
GRAIN AND PROVISIONS
the
Superphosphates.
OF VIRGINIA.
Aatborlzed Capital, B. H. 20,000,000.
&
8
•t the
Standard
CO.,
L,. I.
SULPHUR MINES COMPANY
COMMISSION MERCHANTS,
M the
ORIENT,
City.
Henry Hentz
«t the
CO.,
RICHMOND, VA.
Standard Brands of Flour for Shipment to Warn.
Climates always on hand.
Cotton, Coffee, Grain and Petroleum Bou£bt and
New York
&
ST.,
THE HAXALL CRENSHAW
Bold for Caab, or carried on Margin, on the various
an4
Wisner,
NEW YORK,
COMMISSION MERrUANTS,
71
COMMISSION MERCHANTS,
in
INVESTMENTS
COITNTKY BANKKBH.
Crenshaw
Sitit.
&
Sons,
COTTON MERCHANTS,
TO Ohdxbs fob CX>ntbaots
K)B FtlTUBI DBLITIBT Of COTTON.
Bxohanges
&
INMAN,SWANN&Co
Amtmon
OF 8PINNBR8,
Offbrxd on Tkrms to
P. SateK.
BANKERS,
14 NASSAU STREET, NEW YORK.
BBAKCH 0,«om} J3§ Ch..«l.^«tr..t^lJ. Y„_
L0AK8 MADB ON ACCBPTABLB SBCnBITIBS.
NEW
1386-
Arthur M. Haleh.
Itaih'l
W. T. Hatch
& 18 Excliange Place
R. Macready
Menry
Waiter I. Mate/i.
W. I. Batch.
Stillman,
NEir YORK.
:iPiioiAi>
15
iS^ottoxL
MERCHANTS,
INMt Building, 16
May
Insurance
Company
OF HARTFORD.
$4,000,000 00
Capital
for aopaid losses
re-insaranoe fund
Liabilities
and
Netsurplus
Assets Jan. 1, 1886
2,057,77^ 24
3,202.320 4.1
$9,260,096 65
SPECIAL ATTENTION TO COTTON FUTURES No. 3 Cortlandt St., New Yorlr
JA8. A. ALEXANDER. Arent.
FELLOVVES, JOHNSON & TILtSTON,
COTTON, STOCKS, BONDS, duo.,
86 WILLIAM STREET, NEW YORK.
O.4or.
ti.
" Vn»T,rf»." nTAi.ntlw1 «t
JOHN
11
N
V. rv,f t.nn
CLISBY
&,
Kxoh
CO.,
Commercial Union
Assurance
COTTON BUYERS,
limited,
of london.
nONTGOMERY, ALA.
PJB0HA8I ONLY ON 0BDKB8 FOB A COMUieSIO.N
Co.,
Office,
Cor.
Pine
<b
William St».,
Nev
Tork.
@FedFRASER