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JHE,
>Ofiitan(r|ai;
S"^>»^^Sw0nide
HUNT'S MERCHANTS' MAGAZINE,
ftEPRESENTINO THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATEa
VOL.
NEW
40.
YORK,
^iuaujcial.
MAY
NO.
16, 1885.
^Ittaujcial.
I^itmnjcial.
AMERICAN
International
DIAMONDS.
Bank Note Company,
NEW CHURCH ST.,
Place,
KE"W VORK.
Trust Company,
58
Trinity
BuHlnean Fonndcd
1
7 1>&.
Law. of St»lr of New York, Ih58,
Itrorcunlzed lf4i».
Members N.
Foreign Covernments.
ENGRAVING AND PRINTING,
HANK MITKS. SHAKE CKKTIFICATKS, BONDS
r«K »iOVKK.NMt.MS AM) t'«KI»OKATI«\.S,
dkaftjs checks. BII,I.!« of EXCIIAXGE,
STAMPS, A-c, In the nnd and momt artistic Htjlc
FKOM 8TEE1. PLATES,
L.
W,
Work
Exci-utfu In Fireproof linlldlns".
UTHOORAPHIC AND TYPE PHINTIUQ.
show CurdA, Lubel«, CHlendnm.
BLANK B(X)KS OF EVERY DESCRIPTION.
ALBERT G. GOODALL, PresidenL
VICE-I'RESIDENTS
W. M. SMILLIE.
«. H. STAYNER, Treas.
THEO.
ASA. p. Potter,
Piet't.
J.
W. Work,
CTuhler.
.....
CAPITAL
SDRPLVS
I,
TaOMAS
A. ytsi.
Member N.
W.
B. D. VTSB,
Y. Stock Exchange.
Vyse & Son,
BANKERS AND BROKERS,
66 Broadway
Branch
•1
ac
4 7 EzobanKe
Court, N. Y.
Union Square
Office at the Bverett House,
&ad 17th Street.
Gilder
83 BROAD
baniu:rs and brokers,
Secorlties carried
Bny and sell QOVEUNMENT, MDNICIPAX
RAILROAD Bonds.
G. D.
BANKERS AND BROKERS,
19 Broad St., N. Y., mUa BalldlUK,
Transact a General Banking Business.
ForeiRn RxchanRe, Bonds, Stocks and Mtscella.
neous Securities bouKht and sold on commission.
JtjLios A. KoiiN. David Ochs. Moritz 0<7HS,
Memb. N. Y. Stock Bx
Memb. N.Y. Stock Bzch.
Simon Borg
DEALERS
WESTON,
BANKERB AND BROKEHB,
No.
EXCHANGE COVBT,
a
New York.
Hb>bt
C.
IN
&
No. »6
RicuiiKiTiiM
Hamilton
A Spimtiai.tt.
&
Bishop,
BANKERS AXn BROKWRS,
NEW YORK.
Sioek Kxchiinge.)
Simons
Bai>B8BI.A«B WK8TON.
YORK, 80 BROADWAY* 5 NEW ST.
TROY, N. Y., No. 17 FIRST STRKET.
tlKJV
etoek Ezoh'ge memberahlp; private wire; all facilities
p.
NEIV YORK.
ST.,
BOX
1,428.
&
Chew,
2 ExebanKeCoartA S3 Broadwar,N.T.
stocks. Bonds and C. S. Government SacnrtUea
Boight and Sold on Commission.
BlTBRLT CHSW.
JAB. D. 81MOS8,
Member N. Y. diook Exchange.
Member N.Y. IToduce Bx chansra.
Oilman, Son
&
Co.,
BANKERS,
No.
62
CEDAR STREET.
Banking Bastnass. bnj
(}ovemment Bonds and Investment BeenrW
In addition to a General
and
Sell
tlaa
E.
J.
Co.,
STOCK BROKERS,
(Members Nt-w Yurli
Accounts of Banks, Bankers and olliers received.
Interest allowed on biilances. A Hirictly Coimnission
<
&
Ives
Receive deposits subject to cheque at sight and
allow interest on daily balances.
Government, State, County, Oty and Railroad
bonds constantly on hand for sale or exchange, and
particular attention given to the stibjeot of Invest
ments for institutions and trust funds.
Tiwkbb, Mambei N. T. Btook Bxah.
STOCK BROKER.
Lansdale Boardman,
S.
NASSAU
PINE STRKET,
Business in the purchase and sale ttf st ..-ks and bonds.
Private TeloKraph Wire to Albany, Troy, ^jracus©,
Rochester, Uticii, IIuITaio. Cleveland and thiCMiJo.
l)r»w on City Bank of London In aiuounts to wult
Special attention Kiveatu Securities fur ill vestment'
GRAHAM,
Transact a general banking bnsiness. Including the
purchase and sale of securities listed at the New
York Stock Exchange, or in the open market.
Co.,
ALL KINDS OF
M.
BANKERS,
NEW YORK.
ST.,
Railroad and luTestment Secaritlea
No, 35
Henry
and
Co.,
JOHN
B.
JOHN
E.. JEWETT,
HENRY
P. O.
&
CH \RLES R. TRAIN,
JOHN GOLUTHWAlt,
PAl RICK A. CoLLlN:!,
TH().MAS F. TEMPLE,
I'OTTEK.
ni. C.RAHAia, Pres't.
Sec'r.
WARREN
L'n0ILIBR.
A. Kohn
mutters of a financial
DIRECTORS.
CHAHLl'.S
GEO. U. HOLT.
TAINTOR.
facility offered in all
WILLIAM CLAFLIN,
MARSH.
WILLIAM A. HASKELL,
JOHN C. PAIGE,
WILLIAM T. PARKER.
Holt,
balan(»s.
BnnTHmiw
on
(Jovernment Bonds and other Investment
Secorlties bought and sold on commisson. SpecllU
attention to orders by mall or telegraph.
Ac
&
YORK.
No. 2 WALIi STREET,
TRANSACrr a GBNKRAL BANKING business.
DEPOSITS received and INTEREST allowed on
No. 17 NASSAi;
Farr,
ST., NEW YORK.
MarRtn.
TINKER
estate-s.
Every
&
Interest paid on Balances.
cities.
character.
J.
•old.
l.)lvldends, Jic.
TRUST DEPARTinENT,
Investment Securities.
Private wire to New York.Baltimoreand other places
(400,000
400,000
Aocounts of BiuikB aod Bankers Boliolte<L
CoUectlons made apon favorable terms.
Ooremmeot Bondi boocht and
Bonds, Coupons,
Particular attention plven to Information regarding
G. B.
.
Legal Depository forCorporatlons. Adralnlstratoni,
Executors, Trustees, tjuardiaos. and Courts of Law,
INTKRE-T
ON DKPOSIT8. subject
to cheek, or payable at speclfled dates.
Trustees under AWirtgages of Railroad and other
rorporations, and Fiscal ARents f<»rthe payment of
for the acceptance of trusts created by Will or otherwise, and the care and management of property and
and other
Private telegraph wires to Providence and Boston.
BOSTON.
Transact a General Banking Bnalness
SECCRED BY SPECIAL TI1U8I GUARANTEE FUND
NEW
Maverick National Bank,
$.500,000
provisions of the charter, stockholders are
liable for an additional amount equal to capital stock*
Interest ailoweil on daily balances.
Stocks, Bonds, Ac. bouKht and sold on coiumtsBtOQ
BANKERS,
Secty.
....
By the
PHII^ADELPHIA.
:
FREELAND,
H.
11*79.)
BOSTON.
ST.,
Deposits received siihjoct to cbeck at siKht, and
Taintor
A. 0. SHEPARD.
TOURO ROBERTSON.
niLK
ALLOWED
Co.,
and Cbestnat SU.,
in IMillndeliihiJi
KAILWAV TICKETS OF lMPKOVEI> STYLES.
&
H. Taylor
Cor. Third
S.ltE<.l AlilW li> PllhVKST (01 STKRI'KlTreK.
Mprria] p«iM-rM m.iiiirftftnr^l niHuUv«>ljr tor
SAFETY PAPERS.
and Philadelphia Stock Exchanges.
BANKERS,
8*
WlCh SPKCUI.
u«r of (he Company.
Y.
4S
CASH CAPITAL,
182 Broadway, Cor. John Street
SONDS, POSTAGE A REVENUE STAMPS,
t.ECAL TENDER AND NATIONAL BANK
MOTES of the UNITED STATES; and for
MACDONOUGH,
(INCORPORATED
Co.,
IMPORTERS,
Engravers and Phintfrs of
J.
&
Alfred H. Smith
iBrorpormlv^l n'lMjcr
SAFETY COLORS.
1,0^8.
A. Angier,
Attorney and Counselor nt Law,
ATI.ANTA, GEORGIA.
New York.
THE COURTS,
WINTRINGIIAM,
86 Vine Street,
TBLBPHONB CALL, 282 JOHN.
Atlantic Mutual
Scrip.
PRACTICES IN ALL
Corporalion and Contmercial Law a Spteialty.
B.
Refers to Judges Stephen I Field and
Woods, U. 8. Supreme Court, \\ashln»tan, D. O.
Wm
;
THE
'goxtign %xchnnQt,
&
Morgan
Drexel,
PARIS.
DOMESTIC AND FOREIGN BANKERS.
Street.
Nos* 19
ISSUE TRAVELERS' CREDITS, available
ATTORNBT8 AND AOKNTS OF
& CO.,
messrs. J. S.
Co.,
N. Y.,
BUT AND 8KLL
BILLS OF EXCHASfGE
IRELAND, FRANCEON GREAT BRITAIN AND
NOROBBMANT, BBLOIUM. SWITZERLAND,
WAY, DENMARK, SWEDEN AND HOLLAND.
Credits
Trayelers'
Issue Commercial &
And In
Draw
all
Cinada, and of Drafts drawn In the
United States on Forelffn Countries.
&
T
&
Stuart
Co.,
J.
NASSAU STREET.
BILLS OF EXCHANGE ON
BROAD STREET,
John Paton & Co.,
SUCCESSORS TO
JESUP, PATON & CO.,
IVUUam
53
ic
SMITH'S,
COVNTY BANK,
Sc
"LIMITED;"
MANCHESTER, PAYABLE IN LONDON
SCOTLAND.
&
BANKERS
LONDON:
PARIS:
I'ATIS. W. G. H. HEATH.
Bfotr'NCBT.''^*'^ ^-
William Heath & Co.,
BANKERS AND BROKERS,
.
No. 80 BroadwaY, Nenr York.
Members of New York Stock Ezohange.
rOREIQN EXCHANGE. CABLE TRANSFERS.
&
William Hilth
Draw
&
No. 19
Orders solicited
Jtc,
for Investment or on margin.
City Luuns neifutlated.
&
H. O. NOSTHCOTB,
&
Kennedy Tod
'
Issue commercial credits, also foreign and domestic
travelers' letters of credit In pounds sterling & dollars.
Oiler Investment Sernrltles.
Buy and sell bonds, stocks and securities In all AmExchange on
MKLVILLF., EVANS & CO,, ,LONUOH.
„«„„»
C. J. HAMBR«» dk SON,
H. OVENS A; SON, AJISTEKBAM.
i
HOTTINKUEK
dt CO., VAB.lti.
&
Co.,
BOSTON, MASS,
No, 32 Nassau Street, Netr York,
No. 4 Post Office Square, Boston,
Cor. Wall and Nassau Sts.,
CO.,
ic
PARIS
CO.,
&
stocks and Bonds botight and sold on Commission.
Orders received In Mining Stocks, and In Unlisted
Seciurltles. Collection.snmde and Loans Negotiated.
Dividends and Interest Collected.
Deposits received subject to Draft.
Interest Allowed. Investment Securities a Specialty.
We Issue a Financial Report Weekly.
Branch
Office, 320 Broadway.
Connected by Private Wire.
Jos. C.
Fkank
WALCOTT,
New
York,
Geo. K.
Ruckgaber,
ij
AND
of the
('tock
New Yor*
Exchange.
Sons,
Sistare's
16 & IS Broad Street, New York.
121 South Third Street, Philadelphia.
Connected by private wire with main office. New
cash or on mar-
New York
Stock
Interest allowed on dally balances.
All deposits subject to cnec« at sight.
Particular atte ntion to orders bv mall or telegraph.
IL
CRUOER OAKLXT,
Prince
&
Whitely,
on commission all classes of Railroad
Securities: also Grain and Provision'*.
Private Telegraph wires to Philadelphia, Wilmington, Baltimore. Washington, Bridgeport, New Haven,
Boston and Pittsburg.
Buy and
sell
Fred. H. Smith,
BROAD ST., NEW YORK.
STOCKS, BONDS AND PETROLEUM
No. 20
Bought, Sold, and Carried on Margins.
all railroads for past twenty
Parties desiring to buy or sell unquoted sedo well to communicate.
F. H. Smith, ) Members N. Y. Mining, Stock & N»-
Intimate knowledge of
years.
curities will
8.
W. Smith,
tlonai
S
CAL.DWELL,,
Petroleum Exchange.
WASHBURN
TOWNSEND,
dt
BANKERS AND BROKERS
No.
3
W^
A
I. I.
STREET.
Purchase and Sale of all securities dealt in at tho
New York Stock Exchange.
Interest allowed on deposits subject to sight draft
C. B.
CBA8.
CALDWELiJ.
Lansing
C.
WASHBtTRH.
'"OWNHEND. Member N. Y. Stock Exchange
W. M.
Earl,
MEMBER NEW YORK STOCK EXCHANGB
CORRESPONDENTS:
BANKER AND BROKER,
BARING BROTHERS Sc CO., London
PERIER FRERES & CO., Parts.
MEINDELSSOHIV
J. U.
ic
UOADliY &
CO., Herlln.
B. E.
WALKER,
COHUBSPON'DKNTS OF THE
JOINT AGENTS
International Rank of London
(Limited) London.
Bessrs. jouu Rorrnl>erg; GossIer&Co.
Ham bury.
llessra.Marcnard, Kranss& Co., Paris.
Canadian Bank of Commerce,
Commercial and Travelers' Credits.
BlUa of EzchaiMia.
Cable Transfan.
MeEbers
i
Commercial and Travelers' Credits.
LONDON.
BANKERS,
S9 T7ILLIAM STREET, NEW YORK.
(
DiCKiNHON.
F.
Transaf t a general Banking Business. Including the
CABLE TRANSFERS, BILLS OF EXCHANGE
OiBCC-*?. Notes and Ckkijits foe Tratelers.
Schulz
Co.,
FOREIGN BANKERS,
STERLING CHPHJTTKS AND BILLS AT SIXTY
DAYS SIGHT ON
ALEXANDERS
Co.,
WILLIAM STREET,
Kidder, Peabody
CHEQUES AND CABLE TRANSFERO ON
Co.,
BANKERS AND BROKERS,
No. 34 Pine Street, New York.
Transact a General Banking Business
Railway, State and
John Munroe
&
C. Walcott
J.
)
J.
{
Scribe, Pari*.
for London and American markets
MITNROE &
ic
Alexander barino.
Member N. T. Stock Bxeb.
K«NNtDT TOD.
Sell Bills of
Rue
'^voU&vs.
No. 64 BROADWAY, NEAV YORK.
Ave., New York.
T.„.„.™
OFFICES ggj, Fifth
BRANCH ^.•.,™<.*1'W
,5^^ g^^ Washington, D, C.
erican, Canadian, British and Dutch markets on commission. Collect dividends, coupons and foreign and
Inland Drafts.
Co.,
mi&
gatifeers
MATNAHn C. ETRE
Henry II. Doijoe, Washington, D. C
WM. R. Trateks, Special Partner.
TELEGRAPHIC TRANSFERS OF MONEY
Companies.
Wen to American Securittog.
riR€ri.AR NOTES
JAHEB WHITELT,
BANKERS.
Ezcbanfre and transact a general
commtselonbuslDess. Particular attention
Yorfr.
Issued for the use of travelers in all parts of the
world. Bills drawn on the Union Bank of LoDdon.
Tt lesrraphlc transfers made to London and to various'
filaces in the United States. Deposits received subset to check at sijrht. and interest allowed on balances. Government and other bonds and investment
Sficnritles boujrht and sold on commtsoiOD.
Yobk.
ON MEXICO, CUBA,
New
LETTKRS OF CREBIT ANB
Kxcbange.
24 Excbanse Place,
New
,
120 Broadway, EqultablP Building,
Bnyand Sell on Commission, for
gin, all securities dealt in at the
Act as Agents for Banks, Bankers and Railroad
Bills of
William H^^th
&
No. 63
Co.,
KOUNTZE BROTHERS,
BANKERS
BILLS OP EXCnANGB, LETTERS OF CREDIT
J.
10 Tlu*osinortoii At*., Iiondoa, Ens*
ttaanclal
23
N. Y,
Co., FIRST-CLASS INVESTMENTS.
COMMISSION MERCHANTS,
BDINBUBGH, AND BRANCHES
AUO,
CABLE TRANSFERS AND LETTERS OF CREDIT
St.,
DEALERS IN
AND
RATIONAL BANK OF SCOTLAND,
and 62 Greene
St,
sell on commission, for Investment or oo
securities dealt In at the New York Stock
all
York.
Maitland, Phelps
;
BELFAST, IRELAND;
AND ON THE
0BA8.'
New York.
draw on
THB UNION BANE OF LONDON:
BRITISH LINEN CO. BANK, LONDON AND
VLSTER BANKING COMPANY,
NEW YORK:
Street,
Accounts and Agency of Banks, Corporations,
firms and Individuals received upon favorable terms.
Dividends and Interest collected and remitted.
Act as agents for corporations In paylurf coupons
and dividends also as trunsf er agents.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bongbt
and sold.
BANKERS, LONDON;
MANCHESTER
,
:
33
miTH, PAYNE
B
Parable In any part of Europe, Asia, Africa, Aiuiralla and America.
Draw Bills of ExclianKe and make Telegraphic
Transfers of Money on Bnrope and Caltfomla.
HER OOVNTSIBS.
COLLECTIONS «1F DRAFTS drawn
HAKE
points In the United States ana
abroad on
NKK K
Netv York.
lB8ne Letters of Credit for Trarelers,
On SELIGMAN BROTHERS, London,
.SKLIGMAN FRKKE8 & CIE.. Parts,
SELIGMAN & STETTHKIMBR, Frankfurt,
ALSBERG GOLDBERG, AmHterdam,
ALTMAN&STETTIiElMER, Berlin.
TRANSFERS
BAKE TELEGRAPHIC
OF MONEY
01
margin,
Exchange on, and make Cable Transtrance and Germany.
No. 33
IN STEBLINO.
ANY PART OF THE WORLD.
AND
Bills of
& W. Seligman & Co.,
J.
IN
TBIS
Buy and
fers to, England,
Francs, In Martinique and Qoadaloupe.
BSTWBEN
steui.ino loans a specialty.
64 Wall
Exchange.
Fotlischild* Esq., Vienna.
M. de
B A
OLD BROAD STREET, LONDON.
AYACLABLE
M. ItotlincbiUI &. Sons, Jjondon.
de Kollisriiild UroN., FnriH.'
M. A. <U> Kfuhscliild iSc Sons, Frank-
**
MORGAN
&
of the New York Stock Exchange,
in Foreign Kxchanok, Governmikt
ant) other inte8tment bonpr.
Dialers
AND TBEIK COKRESPOSDESTS.
Securities
Deposits reoelTBd subject to Draft.
Interest allowed on
Deposits. ForelKH Eichaniie. Commercial Credits.
Circular Letters for Trayelers,
Oible Transfers.
rallable Id all parts of the world.
Brothers
Members
in all
nieHsrs. N.
**
l^atjcftauge.
Chas. Unger & Co.,
BANKERS AND BROKERS,
parts of the World, through
S.
b^UKOt and sold on commission.
W^ALL STREET,
Co.,
Ion o\ni,
PHILADELPHIA
No. 69
"gavtiQU
BANKEnS,
& 21 Nassaa
l»o.34Sonth Third Street. 31 Bonlerard HauBsmann,
Brown
&
Co., August Belmont
C^^NER OF BROAD, NEW YORK.
Drexel,Harje9&Co
Drexel & Co.,
(Vor. XL.
%xchnuQZ.
|f0iejei0U
WALL STREET,
Ho. 22
rHRONl(;L»?.
16
EXCHANGE PLACE.
BUY AND SELL STERLING EXCHANGE, CABLE
TRANSFERS, ETC.
ISSUB COMMERCIAI, CREDITS, A VAILABLB
IN ALL PARTS OF TDK WORLD.
30 Broad St., New York.
STOCKS AND BONDS BOUGHT AND SOLD
STRICTLY ON COMMISSION.
Jameson, Smith&Cotting
STOCK BROKERS
AND COMMISSION MERCHANTS,
33 Broad
St,
and ST Exchanse Plae*
and PROVISION!
bought and sold In New York and thlcngo.
••'Chicago Correspondents, W.H. T.
Direct and exclusive private wire.
STOCKS, BONDS, GRAIN
:
Mat
THE CHRONICLR
10, 1883.J
^waiheva and ^vaUKKB.
Wood,
31
&
Huestis
PFNE
TO
ONITED BANK BUILDINO,
In >n Monrltlsi llit«<t at th* New
Tork 8t*ok Kxchanjte. For 8ale,
Pnun'OLAH)! Uailuoad viun Mohtoaoi Bomdi
OKOUIJKC. WOOD. O IT. II ITKBTIB I. M.HWtK
DiALna
zaenU ordera
WAMtOM
miD.
H. Bkown.
UiaucuT
r.
.
BBowa.
Bbowm.
Walston H Brown & Bros
BANKERS,
JOm UOWAKD
J.
NASSAU STREKT,
NKW YORK.
Bouthem BeouriUet a
U.B.IIOLUMf.
H.
STREET, NEIT YORK.
CHy, Count;, State, H«llroB<l, District of ColombU
Bonda and FuroiKU Kxchaoge,
Corres pondence Solicited.
R.
Kimball
J.
&
Co.,
BANK];R3 and BKOKER8,
No. 16 Broad Street, New York.
S«T(nt«an Tears' Memberahip In the New Tork
Stock Exchange.
Autrid
BoBiBT J. Kimball.
John H. Davis
b.
Loumsbibt.
&
Co.,
BANKERS AND BROKERS.
Do
STOCKS, BONUS aud UKAIN,
to
ClUCAGO. BALTIMORE,
PHLLAUKLPUIA and Intermediate Point*.
No. IT W^ALI. ST., NEW YORK.
C. J. Turner,
(15 7ears*
Membership
In the
N.T. Stock Exchange.)
BANKF.R AND BROKER,
16 & 18 BROAD ST., NEW YORK.
Transacts a general Banking business. Including the
purcbaae and sale of stocks and bunds for cash or on
margin.
AUGUSTINE HEARD,
NASSAU STREET.
89
Loans on Hallway and other negotiable securltlw
Purohase and sale ot same. Loans on Bond and
M.ort4ia«(e.
General ttnancial buainess.
Co.,
74
BROADWAY.
Members N.Y. Stock Exchange.
INVBSTMKNT
IN KIKST-CI.A8S
on commission all claiMa of Stock
and Bonds, for cash or on margin.
Agents for Banks, Bankers and Railroad Comsell
Thompson & Richard,
BANKERS,
16
18 Broad Street,
i^
No.
NeiP York,
Tnuuaet a Oeoeral Banking Baslnesa, tnclnding
the ponhaae and aale of STOCKS and BONDS for
Sell
p.
A. M. KIDDIB.
Inveatment SeenrlUea.
O. BOX 8,647.
WATLANT) TBA8E.
W. C. IXILL.
H.
J.
M0B8B.
Rallwar* and other Corporations,
ter of
petroleum bought and sold on commission for cash
or on margin. Direct tet^raphlo oommnnlcatlon
with the Chicago Board of Trade.
cor.
Exchange Place,
N. Y.
Cable Address-PATT,
Blake Brothers & Co.,
LONDON, ENGLAND,
Negotiate RaUwaT. State and City Loans and
Issne Commercial Credits arallable la all parts of
&
19 Noiv
St.,
the world.
Cbabj.k8«9. Cox.
V. Carolix,
Y. Stock Exchange,
Member N.
Carolin
&
Cox,
De Twentsche
Bankers Sc Commlsston Stock Brokers
No. 68 BROADWAY, NKW YORK.
Bankvereeniging,
Deposits received suhject to chectc at sight, and
interest allowed on dailr balances. All Stocks and
Securities dealt In at the New York Stock Kxchange
bought and sold on Commission, for Cash or upon
Margin.
B. W. BLIJDENSTEIN & CO.,
AnSTEBDAin, • • - . HOLLAND.
Rolston
Bass,
6c
BROAD STREET, NEW YORK,
STOCKS, BONDS
AND mSCELLANEOVS SECURITIES
No. 20
B8TABLISBXD
Bnbsertbed Capital, 8,000,000
Pald-Up Capital,
BeserreFund,
Head
Correspondence Solicited.
Quotations cheerfully furnished.
Wm. H. Rolston,
W. Alkx. Bass, Jr.
Member N. Y. Stock Excb'ge.
Member Chicago Stock K.Tcn'ge.
OiBAU Diwrso. Clark Dewing. F. T. Bontbcou.
(Member of New Tork Stock Exchange.)
New York.
Stocks and Bonds Bought and Sold on Commission
Aoooonts received and Interest allowed on t)allanceo, which mar be checked for at sUht.
Iowa Loan A Trust Co. 6 per cent Debentures
bought and
sold.
Howard
Lapsley
&
^Vall Street, Corner Broadnray.
STOCKS, BONDS d OOifHEROIAL PAPER.
Co.,
Stocks and Bonds bought and sold on commission
at New York Stock Bxchange. AdranoM made on
buslDOas i>ai>«r and other securltlw
gorjeiflti Igatttueyg.
&
(I888,94BM)
Ameterdam.
BRANOBES
Office,
W. BLUDgNBTXIN A
Co.,
BANKERS,
FRANKFOBT-ONMAIN, GERMANY.
CO.
A S6 Threadneedle Street, B. C.
aotterdam— DBWISSSL-en EFFECTENBAMK.
Ensehode-B, W. BLUDENSTXIN. JB.
Almeloo-LEDEBOEB A CO.
Transact a general Banking and Commission Bostneas In Bills, Stocks, Shares, Coupons, Ao.
NZW TOBE COBBISPONDINTB
Hessrs.
KNAUTH. NACHOD & KCHNE
The City Bank,
(LIMITED,)
LOITDON, ENGLAND.
^>S9Q'S9S
4>QQ<>>QS8
1,000,005
Reserve Fnnd, £300,000.
HEAD OFFICE, THKEADNiaiDLE ST.
Co.,
BANKERS AND COMMISSION MEKCHAHT8
a Ezcbanae Conrt. Ne-nr Ifork
L. de Steiger
(|S.148,440.->
"
B.
Nos. 56
BRAJfCBES
Bond
Street,
I
Ladgate Hill,
KnIghtsbHdge,
Holbom,
&
"
S4»,88S87
Anthorized Capital,
Subscribed Capital.
Pald-Up Capital
BROAD STREET,
R. T. Wilson
7371,100-
:
Co.,
NeiT York.
W. H. GoadbySc
1881.
- QnUdars («8,900,00«.->
London-BXCHANOB A INVESTMENT BANK
BANKERS AND BROKERS,
NO. 11 TITALIi STREET,
Private Wires to Washington, D. C., Baltimore, Boston, Philadelphia and Chicago.
BANKBRS,
LOWDOV.
New York
64 Broadway
Branch UlUce, \-iS La Salle Mt., Chicago,
DOUOI.ASS Oriin.
a. B. Batxman,
TRANSACT A OENKHAI, BANKING BUSINESS, Memb.
N. r. Cotton Exch. Memb.N.T. Stock Exch.
INCI.UUINO THK PUUCUASB AND SAI.B OK
W. W. DUDLKT.
STOCKS AND BONDS FOB CASH OK ON MARGIN. BUY AND SELL INVKSTMKNT SRCURIGREEIV Jc B.4TEinrAN,
INTKRKST ALLOWKD ON DKP08ITS
TIBS.
BANKERS AND UKOKERS,
BUBJfBCT TO CUKCK AT 8IOUT.
Stocks, Cotton, Grals, FoBEiax Bxchanoi!,
P. O. Box 447.
C. W. MoLXLLAN, JB.
D A. BOODT.
Corner Wall and Nenr Street*.
RXITBEH LCLAND.
UNITED BANK BVILDING,
the mat-
ettlier la
paTments of Interest on Loans, DtTMtodi on
Stewart Brown's Sons,
stock brokers,
New York.
AS Broadirayt
and
Solicit aooonnts and agenolss of Banks, BaUwars
Corporations, arms and Individuals, npoi^favoi
able tarmsi also orders fur the purchase and
sale of Bonds, Shares, Ac, Ac-, on Conunlasloa
on the Stock Exchange.
No. 24
So.
of Trustee
or Registration of Stocks In London, or otkerwis..
BANKERS AND BBOKEBS,
BANKERS^
bosUMH
Usnas Loans on the London Market, sets a* Agent for
(Next door i*) the Stock Kxchunge.)
of the N. V. stock and Produce Kxch'nges,
Depct.slts received, siiltjoct to check. Interest allowed tlieretin. Stocks, bonds, grain, provisions and
eaah or on margin.
Bnr and
This Company ondertakM tha
to Loans of approred Rallwars, netotUte*
Members
No. 18 Wall Street,
Co.
Capital Paid Vp, «9f 1,860 BtorUnc
New York.
H. Dewing & Son,
BANKERS* AND BROKERS,
(^
BANKERS,
18 WAI.I. STREET,
LONDON, ENGLAND.
BANKBRS AND BROKERS,
Wu.
a Ktrtrtly Coininlsslon BnalncKe In
With Prlvato Wires
&
SKCURITIBS
Co.,
(UMITIS),
BANK aCILDINOa
No. 4
Bpeoialtv.
panies^
&
Railway Share Trust Co.
rsAHK C.UOLLUII
B. Hollins
Bur and
UNITED BANK BUILDING,
No. 3 IVALI.
r.A.TXNAOA.
DBAI.ER8
LATHAM. riUDBBICC W. PSBBT
H. Latham
THK
nr
Railroad & Xincelluiitoas Securities.
.
NO. SO
Co.,
BROADWAY AND WAU. STBUT, NVW TORK
I>AVIS.
Ac
'govtiga 9«nkcva.
BANK£i:a AND BROKEHS,
BANKBH8 AND BROKERS,
8UCC'B(*PH>IW
&
Co., R. A. Lancaster
NKW YORK,
ST.,
WOOI>
9»v1ieK8 and SrotievB.
:
Tottenham Conrt Road
I
Paddlngton,
I
OldStreet,
Aldnte,
London-
The Bank^whlle conducting the general bnslneas
London Bankers, glTes special attention to the
AgencT of Foreign and Colonial Banks.
^'
KKNNEDT. Maascar.
of
A. O.
THE
Anglo- Californian Bank
(LIMITED).
LONDON, Head Office, 3 Angel Court.
BAN FRANCISCO Office, 482 pOUomla St.
NEW YORK AgenU, J. A W. Sellgman A Co.
BOSTON Correspond'ta, Massactiasette N. Bk
Antborlaed Capital, • - • «6,00O,00O
Pald-np Capital, - - - - 1,500,000
ReaerTO Fnnd, - - - - - - 400,000
Transacts general banking business. Issue Commsrclal credits and Blllsof Kictaange, STalUbls in aU
and orders for Bonds,
SsrU of the world. Collections
tocks, eta, executed upon the moatfaTorable terms.
"""•'
FBED'K F. LOW,
iManagssU
"*"•"*'
lONATZ BTBINHABT,
P.N.
ULIXNTBAL,
Cashier.
t
THE CHRONICLE.
Iv
Hong Kong &
Shanghai
BANKING ASSOCIATION.
Paid-up Capital
RMiprvR Fund
CIDatxadian "gntihtKB.
%tm
Bank of Montreal.
Perkins,
OAPITAIi,
HURPIiUS,
*I'5ffi'no«
4,4'IOOW
Equalisation of piyidends
t^^l lor
I.iabirity of Proprietors
....
400,000
7,500,000
Drafts, Issue Letters of
Credit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Ca.cutta, Singapore, Saigon,
0. F.
Beserve
'
TOWNWESn.
-
-
-
-
•
$13,000,000, Gold.
$6,000,000, Gold.
tc
President.
and ssU Sterling Exchange, Francs and Cable
Buy
(INCORPORATED 1835.)
Transfers; grant Conuneroial and Travelers' Credits,
4 Ttareadneedle St., liOndon, England available in any part of the world; issue drafts on
PAID-UP CAPITAL, £1.600,:00.
and make ooUectlons in, Chicago and throughout the
Goanuiiee and Keserve Funds, £^38,000.
iomlnlon of Canada.
Letters of Credit and Drafts issued on the HO
branches of the Bank in the Colonies of Queensland,
Australia,
TasmaLondon Office, No. 22 AbclinrchXane
New South Wales, Victoria. South
negotiated or sent lor
Collection. Telegraphic Transfers made. Deposits
npelved In London at Interest for tuted periods on
termi which may be ascertained at the office.
i-HHiiCAIJX 1K1.HT. Secretary.
Bills
/.eaiand.
TURIVEK &
A. P.
CO.,
Capital,
i
j
S5, 700,000 Paid
•
Up.
ANDREW ALLAN, Esq.
ROBBRT ANDERSON,
HEAD OFFICE, JHONTREAL.
President,
Vice-President,
Stock Exchange.
philKdelnhia St^ck Kzchange.
Wilbour, Jackson
63
PROVIDENCE, R. I.
No. 4 Exchange Place, Room
7
MEMBER OF BOSTON STOCK KXCHANOK.
The New York Agency buys and sells Sterling Bjc;hange, Cable Transfers, Issues Credits available In
Canada
(II parts of the world, makes collections in
.ndelsewhere, and issues Drafts payable at any of
theofticesof the, bank in Canada. Kvery description
)f foreign banking business undertaken.
SOUTH TRBET,
BALTIMORE,
&
HENRY HAGOlt,
JOUN B.HARRIS,
Co.,
'gxvisX ©omptaiitcs.
SOUTHERN SECURITIES
and Information
Correspondence solicited
Dlsoed.
N. V. Corr^BPOodents— McKIm
Wm.
BA
Dealer* in
And
&
Fisher
Opposite Sbcond St
Sonsj
Securities,
their olHces, by
in
means of which immediate communication can be
had with all commercial points in the country. Especial attention given to purchase and sale of Virginia Consols, Ten-forties, Deferred and all Issues
of the State, and to all classes of Southern State.
City and Railway Securities. Correspondence soIclt.ed.
&
mOBILE, ALABAITfA.
Buy and
Bank of the 8tate of New York.
liOuUianu National Rank. New Orleane
of Liverpoul U-t"itted). Itlverpool.
IVew York
Ban k
State of Alabama and City
sell
;
;
THE CITV BAxNk
OF H0L8T0N,
CAPITAL, $600,000,
Houston,
Texas.
We trive special attention to oolleotloiu on hLi
MoeMible polntH.
DlHBCTUHU.— Benjamin A. Butts. Pree't; F.A.Kloe
C. C. Baldwin. W. B. Botts, Kob't Brewster. 8. K
MoIlhennT, B. V. Weeus.
BWNJ. A. BOTTS.Pres'i
B. K WFTKMS. OHShler
B. M. BiTBKiTHd. Prest.
First
A. K.
(paid up),
Cashier
Brandon, Man.
Dealers In American Currency & Sterling Exchange.
Agents In New York;
Agents In London
liOSANQDST, SALT4CO., BAMK OF MONTKIIAL,
69 Wall Street.
7S Lombard Street.
Promptest attention paid to collections payable In
•ny part of Canada.
Approved Canadian bastneBS paper discounted at
.he Head OflJce on reasonable termi. and proceeds
remitted by draft on New York.
1
1
&
Gzowski
Buchan,
STOCK ANB EXCHANOK BROKERS
ANO
4;KIVKRAIi AGENTS,
TOKONTO, CANADA.
Prompt attention given
to oollecttons
Oal matters.
Wm
,1
Samuel Sloan,
F.rn^tus CorniOK.
James Low
„„,
8. B.
and all
Kdward
*'<>oper.
Chittenden, W.Bay'rdCuttlng
I
UBNRY L. THORN KLL. Secretary.
G.
HAMPTON.
Assistant Seoretuy
The Union Trust
$1,SOO,000
$678,000
OFFICE, TORONTO.
:
Iharles E.Bill,
LOUIS
WILKIK,
D. R.
John H.Rhoodei
Anson P. Stokee,
Robt. B. Mlntum
Wilson O. Hunt. John A. Stewart, Geo. U. Warren,
S.M.Buckingham (jeorge Bliss,
U. Macy,
Clinton Oilbert, 11. K. Lawrence. William Libhey,
ohn C. Brown,
Daniel 1). Lord, Isaac N. Phelps.
•
1
Catharines, Port Colbome, St. Thomas, Ingenoll
WeUand, Fergus, Woodstock, Winnipeg, Man.,
611
AND
613
Co.,
CHESTNUT STREET,
PHILADELPHIA.
11,000,000
Anthorlied Capital
500.000
Paid-up Capital
Acts as Kxecutor, Administrator, Assignee, etc
known to
description
and executes trusts of every
the law.
All trust assets kept separate from those of the
Company.
Burglar-Proof Safes to rent at $5 to $60 per annum.
Wills kept In Vaults without charge.
Bonds, stocks, and other valuables taken under
guarantee.
„
Paintings. Statuary, Bronzes, etc., kept In FireProof Vaults.
interest.
deposit
at
Money received on
JAB. LONG, Prcs't. JOHN G. READING, V.-PTe»t
MAULON 8. STOKES, Treasurer & Secretary.
D. R. PATTERSON. Trust Officer.
DiRECTORB.— James Long. Alfred S.Gillett, Joseph
Wright, Dr. Charles P. Turner, William 8. Price,
John T. Monroe, W. J. Nead, Thomas R. Patton, John
G. Iteading. Jas. 8. Martin. D. Hayes Agnew, M. D.
Jos. I. Keete. Kobert Patterson, Theodor C. Kngel,
Jacob Naylor, Thos. G. Hood, Edward I.. Perkins,
llidiile. glen Ruidle, Pa.i
George W. Reliy, uakuisburg. Pa.; J. Simpson
UUNTINODON Henry 8. Kckert. HKAIUNOJ
Edmund S. Doty. Mifklintown W. W. H. Davis,
DorLEHTOW.N R. E. Monaghan, WIST CHK8TKB!
Philai)ki.i>uia; Samuel
l>r.
flnan-
Africa,
;
;
Correspondents— Bank of New York,
and Alliance Bank, London.
New Yerk
;
taiaa.
W. Cooper, Alluntown.
Bank,
&
«).
of th*» United S^tate"
Brewster,
ft BRANCH, President.
FKKii. R. Si'OTT, VIce-Pres't
JilUN
THOMAS nUA^VC'II &. CO.,
BANKERS AND ((IM.MISSION MKRCHANT8.
il^HinotVD. VIROINIA.
Virginia Bonds hinilml under thfe Kunding Acl
passed hy the last Legislature, for Vi per cent commlshionN'ew .Noilh Carolina « per cent bondp.
•e<n>red hy lien on the !<tat«'s stock In the North
Carolina Itailroad, for sale.
Incorporated Third Mo.. 2ii, 18B5.
Cobb
&
KICIiraOND, VIHUINIA,
Collections made tm all Soutlieru points on best
terms ; prompt returns.
I^BHh.
•
-
D. Willis James,
John J. Astor,
THE
National
Ol.KNN.
Prest.
•
W. W.
Provident Life Trust Co
OF PHILAUELPIIIA.
MEB« H ANT.S' NATIONAL BANK,
Jonx V
TKf'S/'i'BS.Phelps,
Oan. H. Arnold.
Thomas Slooomb,
Wausib. Oashlo'
Wll.iniM«TOHi, N.
C'»"«flTlnr,« nmrt.* or, nil f.Hrr,,
8TIKKMAN,
[mperial Bank of Canada.
CAPITAL
t.
att^ntHiii paid Ut collectiwnrt, with promot
reniittHiicea ut current raten of uxcliatiKU on day uf
C(»rre(^p<iiidents.-
"" "
BRA.II0UE8:
Co.,
Ppedal
parnient.
H.
HEAD
nANKKRS.
of M(tbi]e BoihIb.
'
.>«URPHJS,
I
8. HOWLANI),
j^outlteru ^auket:5.
Thcs. P. Miller
all
NEW LONOONiSt
HANK
32 SOUTH STRBBT,
wires
NOTES
CKEHITS ISSUKU
issued In Pounds Sterling
parts of the world.
COHI-^IEKtor use in Kurope.
ClAl.
East
and West Indies. Also,
China, Japan and the
HKA/.ll.lAN
in name of
Limited, available In the Brazils, River
I'late, &o.
Bills collected and other banklnfi business transU. A. MCTAVISU, j Agenw.
acted.
Aient.
tllRcUIiAR
DEPOSITS,
JOUN A. STEWART, President.
WILLIAM H. MACY, Vice-President.
JAMES 8. CLAKS:. Second VlOB-Prest
noney.
Chicago.
BALTimORB, MD,,
Have Western Union
WALL STREET.
sell
jvallable in
governments. Stocks
,
ALLOWED ON
Kxecutors, administrators, or trustees of estates,
dnd females unaccustomed to the transaction of business, as well as relij.'ionsand benevolent institutions,
will dnd this company a convenient depository for
Sterling Exchange and Cable Transfers. Issue demand drafts on Scotland and Ireland;
also on Canada, British Columbia, San Francisco and
Buy and
NKBRS,
and luveHtniout
Surplne,
INTEIIKST
North America,
No. 63
n>r-
Bmthers A Oo-
$2,000,000
3,661,741
Capital,
iThich may be made at any time, and withdrawn after
Ave days' notice, and wiil be entitled to interest for
fhe whole time they may remain with the company.
British
•
specialty.
TORK,
WALIi STREET.
or
Bank
iiAi.riiuoicK.
and
Agents.
NEW
OF
No. 40
This company is a legal depository for moneys paid
Into court, and is authorized to act as guardian or
receiver of estates.
of Baltimore Stock Exchange,
INVESTMENT
}
JR..
United States Trust Co.
AGENCY OF THE
BANKERS AND BROKERS.
Members
No. 61 IV all Street.
New York Aeeucr,
TRANSACT A OBNERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.
Wilson, Colston
No. 4,
BOSTON, MASS.
Esq
<KW YORK— The Bank of New York, N.B.A.
BANKERS,
No.
Boston*
J.
Sons,
&c
New York and
Samuel G. Studley,
COMMISSION STOCK BROEEB,
..ONDON, BNO.— The Clydesdale Bank (Limited.)
Robert Garrett
W^EYBOSSET STREET,
Dealers In Commercial Paper, GoTemmsnt and
other first-class Bonds and Securities and Foreign
QKORGK HAUUK, General Manager.
H. PLUMMKR. Assistant General Manager.
BANKERS:
gaitlmflVje gaukjevs.
& Co.,
BANKERS AND BROKERS
$1,250,000
{eserre,
New York
Joshua Wilbouk,
charlks h. shkldon, jb.
BiKJAMiN a. Jackson, William Binnst, Jb.
Private 'PelegrsDb Wire to
OF CAJiXnX.
LOIVDOK.
u.~.T>iros
MIHBIBH
STATE STREET,
BOSTON, MASS.
Bzohange.
Merchants Bank
THBEADNBEDLK STREET,
BO
Co.)
Dealers In Municipal, State and Railroad Bonds.
)
Blaand New
Swext &
Co.,
No. 40
OFFIOB,
61 W^ALI. STREET.
WAI.TBB WATSOK, Agents.
» „ants
ALKX'B LANG,
i
Australasia,
&
Dupee
(FonuerUr Chas. A.
yaw YORK
Nob. 59
Agent. 4» William 8t.
Bank of
gufllatifl gawlijevs.
BANKERS AND BROKERS,
BUCHANAN, General Manager.
W.J.
Manila, Hong Kong, Fofiohow, Amoy, Nlngpo,
Shanghai, Hankow, Yokohama, Hiogo, San Iranolsoo
A. M.
-
8MITHER8,
The Corporation grant
and London.
[Vou xi*
Estabrook,
CKIVKS MO.NKY
BANKERS,
No. 36
CONCRESS 8TRBBT,
BOSTON.
MEMBEK8 OF THE NKW YOKK AHD
BOSTON STOCK EXCHANGES.
ALSO.
Oealere In nnnlrlpal, State, Railroad
Midi Vnlted States
(CHARTER PERPETUAL.)
*1,000,000
ASSETS $15,621,530 63.
INSURES LIVES, GRANTS ANNUITIES, RB-
CAPITA!,
Bonds.
t^N UKi'OSlT, returnable on demand, oron which interest is aIlowed,and is empow-
ered by law to act as
EXECUTOR, A1).VUN181'B.\.
TOR, TRUSTEE. GUARDIAN, ASSIONKIC, CO.MMITTEK. HKCKIVKIt, AGENT, etc., lor the faith-
ful pertorrnance of which Its capital and surplus
fund furnish ample security.
All trust funds and investments are kept separate
and apart from the assets of the company.
The ineonio of parties residing abroad carefully
collected and duly rt'niitted.
SAML it. SIIIPI.KY, President.
T WISTAK BROW.N, Vice-Prosident.
ASA S. WING, Vice-President, and Aotnary.
a
I
1
May
THE (ihroniolb;
188Q.
16,
.
SiptciaX %nvtgtmentB.
The Brooklyn Trust Co. Geo. H.
mton iU., Brooklrn, N. Y.
tUoo tif fiMOiiU ohartar to
oxuoutor or «1tu&niMienaiit of
iclontu, reo«lre
'
piiroiUM MMi
"
'*r«^
.,,...
I
MiUo,
,;.
Hitilv)'
ruRAN.
by order of 8b*
Oepo.'iltorr
leiral
inieraat,
IK.
BBS OAS QUOTATIONS IM THIS PAPHB.
3ao. H. PaiRTus,
Mamb.r N.
w. W.
NASSAU 8TKEET,
Bank
Southern Securities.
ALBERT
careful Httentiou given to all corresmade upon favorable terms.
Cullectit-tna
Safe Investments.
7 PER CENT liONDS and MORTGAGED
.VEGOTIATKD BY THE
NatUaal Bank, Corning, Iowa.
First
moftKages tn the beat FarminK Districts
in Iowa. Missouri, Kansas and Nebraska. Interest
paid at your own home in N. V. Kxchan^e. Twelve
years' experience in k>aninK for Private Investors
and Trust Kurnls. Send for circular Kivinft full partlcul&m as t<) loans, references, etc. Interest from
Choice
E. HACHFIELD,
No. 51$ Pine Street.
Refer to
Glut AX, So-y
A Co.,
Lew
K.
Daruow, PresX
7g,
(lile
rounda-
>lld
;i m
1902,
$100,000 Dayton* UlobiKan
Hortt^go
801.
58,
Railroad Coa-
Guar
due 1 911.
endomed on
Principal and Interest
each bond by Cincinnati Hamilton
& Dayton
Ballroad.
Also a large lino of other Choice Investments.
CIIAS.
With A.
WINO,
WALL STREET.
T.
M KIDDER &
CO., Bankers.
&
Reed
Flagg,
Dtincan Building, Cor. Nassau & PineSts.
ENTRANCE
No.
U
PINH BTBBBT.
BROKERS AND DEALERS
Minneapolis, Minn.
IS
/^
11
•
.
Hpecial attention given to
Collections. C^llecttons^an.
flrst
date of receipt of moucy.
CUAS. C. NoHXo.v, Cash'r.
^n
St. Paul (St. Paul or
River Division) Ist Mortgage QoM
18
Rome Watertown A Ogdensborg late and Zda.
Oswego A Rome Ists.
»ioo,ooo.
'••\»trong
not buKi^d up
Investments.
SOLD.
^VANTEOs
IIansom. Cashier.
DES mOIIVES, lOTTA.
itru
May
STOCKS,
BOUGHT AND
Merchants' Nat'l Bank,
Prompt and
we raahcinom,
$100,000 Milwaukee*
Stocks, Insurance Stock*.
NKW KNULAND
aU
before
'-*
tlon.
Investment Securities
Ch^
pondence.
"17 be
mem
as
Hcarcehr
recnro*
-
ir
>rinve»t-
Ijr
TEEE«RAPH
Bonda, secured by three (3) times
faoe viUue In Guaranteed Iowa MurtKAKe^*. All
Kor particulars or
oeouiity pe»onatly Inspected.
referanoes address the
MOKT& INVKSIVMEXT CO.. DES MoiNEfl. Iowa.
Capital,
WAui
GA.^ STOCIiS,
TRUST CO.'S STOCKS,
wnt D«benlure
J.
i
CITY RAILWAY STOCKS
New England
Mortgage & Investm't Co
U.
t
tract ed by
to v.i
deoidlntf tiii
IVOYES,
C.
21
No.
DCALZB
M. MILL8. President.
'iiir ciist'iiiif s -lunii;'
<>nr (ninnnctt'iiiH in tlni
tie <^n<>rnioiiH proport
fll«t:l').se.
W.- iMv:t.. „;i «!,,, ...
t
year><
Y. Stock Rzehaave.
wm:.
THOMAS UILLHODSB, President.
FKKDKKU' I). TAPPKN.Vloo- President
WAI.TKR J. BKITTIN. Seorelary.
GAaU
ti.iry
-
other ilmllttrC'Mupanies.
INCOKPOHATED.
CAPITAL, *150,0#0.
OffOFB CJirefully aelected 1 own and Eastern Kansas
Farm Mun»;uKe:». Interest tS to 8 per cent. Security
three (3) times amount ot Loan. Also fur sal© tt per
rltfui (]«-
r*'H<rln"I
DEALT
Uona and aoeoptand execute any lefcal tmati froD
pieraona or oorporutijns on aa favorable terma aa
m cuts.
I
BROOKEYIW SECURITIES
transfer aKent, or trustee for oorpora.
Special iiiu est
u
Hoob a«
.
W(^
(;i(l.-.|..
York.
prwne Court. Keoelve depo«lt« of money on
F.
nt
-U..T.
IlMl
UMM**
AMD AIX
CAPIT.VL, (ll.OOO.OOO.
DesUnjitad as a
Nat
the-
Rnilroad Stocks and Bondi
Street
iUtpea.
fleffftary.
New
Mills BiilUlliig, 35 WiMl St.,
Mt aa flaoal or
tend
OAS SECURITIES,
nt,
I
'
I'F
.
V
till
ANU
Metropolitan Trust Co.,
PAID
m
nht
1.
r
B.KonJiill.
lliU.;
t'.
BHOOKLVN,
»T.,
GAS STOCKS
Hheldon
.1
Wm.
AV
/Ir'nutwnv.
1'»
toil.
biiHlneu, will
tnpualtorj
!•
TheCorbin Banking Co.
NRir iroHK,
AND
<, and (anon)
Joslak O. lAiw.
Alex. M. Wiiue.
A. A. I..'W.
A|e&. Uoi^ua.
Hlob Chauncey.^'
mr.,
nONTAOl K
SOS
"It.
'
Co.,
1
WALL
No. 49
<
^fimrdtftn.
&
Prentiss
Choice Mortgaves on Improved City Property.
It-ixr/aof-TT-K^nf-c
IlVCoLIllCIlLo.
Bank and other Stocks Bought and
BLAKE
P. O.
Box
Bankers. N. Y. City,
Sc
320.
H.
MgRCUAXra' Natio n alBank .Chi caKO. Illin ois
O TV T> S
13
Kemlttau-
Jutcvcst, Ditrtdjends,
Sold.
CO., Private Bankers,
ffllnneapoIU, minn.
.
Stc,
New Youk, May IS. 1885.
ARE PREPA RED TO PAY THE
WEBAST
TKNNESSEE A GEORGIA RAILROAD
COMPANY'S SI.K PKR CENT BONDS, which mat-
L. Grant,
ured January 1, l.*5, with interest to April I last, la
with
notice already published
accordance
the
by the
Bankinir Tlonie nf NEHER
NORTH
No. 145 BBOABWAT,
CAKi'ENTKK. Troy, \. Y.
&
East Tennessee Virginia A Georgia Railroad ComKsiablishe'd
Ueurwanized
MAITLANO PUKLPS A CO.
NEW YORK.
pany.
l^H,
Kei)rer<uutativefl
WESTERN ot
the NOKTIlVVESiERN
dc ALTON RAILROAD
GUARANTY LOAX CO. CITY RAILROAD STOCKS & BONDS flHICAGO
v^COMPANV, CuicAOo. III., May IMMO.
Minueaptjiis, Minn. AuthorGUARANTEE uf
BOUGHT AND SOLD.
NOTICE.
ized capital,
Paid up
I
I
l>syi.
I
Eit-«»tern
!
9,
?;*^.000,(>K).
tWO.OW.
Ileal Kstate
MortRages worth from two to
four times the amount of mortcapital,
LOAN
COMPANY.
gatce, netting investors
ct. Guaranteed by Co.
See Quotationa of City Ballroads in this paper.
6 to 8 per
Interest
E.
payable at our Banking House.
THB
Kansas Loan & Trust Co.
TOPEKA, KAN.
GEO. M. NOBLB, Beo
T. B. BWKET. Pres.
Is the oldest and largest Institution In Kansaa,
fflvinu excluHlve nttention to the NeKOtlating of
CHOrCK FIHST MOUTGAGK J.OANS at hlKh rates
Of Interest. It has neifotlated over ii7. 000,000
of tbeae loans for davinKS Uanlts, Insurance Companies, Estates and private parties Bast. Send for
circular.
Bailey,
S.
S^ PINE STREET,
UF.AI.I.NG8 IM
INSURANCE STOCKS
A SPECIALTY.
Cash paid at oneo for the above securities or they
on cumiul:4sUui at seller's option.
:
Farm Mortgage
Co.,
MOKTUAIiF.x.— Only
A hsolute
safety and
.VtlRsourl i,oan
& Trust
lr[l,M-.'«I iiD.l i.riin-iii.il 1,,'iM
."1
.lav
f
-
e
b
of ma-
ijirKe
i-rences
,1;
VNiMV.^r..
»
J. T.
i'r.m\i.N>, .^ecrotarvi
T. Treix.: N. i'-. IIAUT. Auditor.
n».'-i r.'M.;
CUAS. w.mi^i.Kl
Bank of
The Kansas—
Wyandotte, Kansas.
i..
ii,
SamA
or $100 and
Upwards on
$300,000
PENNSYLVANIA RAILROAD
TIIEASUKER'S DKPAKT.MENT,
PniLADELPUiA. May
-*•
30th, ult.
Thla tmnK has snperior faciiltlea for maklnar oollecon all accessible points in the United Htates,
Liberal terms extended to
Canada and Barope.
accounts of bankers and merchants.
CoHRKSPONi'B.VTa.— New York, National Shoe A
l.eatherBank: Union Bank of Lundun.
ATTORNEV AT LAW,
TOFBKA, KAIViiAS.
In-
Commerctaj. and
corp4>ratioa law
and municipal
bonrt^, sporfiiTties.
10
,
I
Brewer, U. S. Olrculi
Now York; KaHtern
Usbora, Boston, aud the
Gen. K. A.
"'
I>.
iljinkinif
,Iii.i
Bk
BiUi- ^.
ibm.
-:
1
-
-r-^^. Topflktt,
J.
Co.,
1885.
JOIIN D. TAYLOR. Treasurer.
.MILLS B(T|LI>I.\0, No. IS
Broad stuikt, new Vouk, May 14,
DIVIDEND NO. 81.
The
roirolar
Mon'
>o V
1(1
i
1
1885.
KIltTV fK>fT8
per shaT»—ha» beef
odlce of the Com
Transfer Ajiency
he
.nt.
i
Transfer lMH>ks
1,1'i
M. Clarke,
1.
OF TBE HOnESTAKB
riFFICE
^MINING COMPANY,
N. Y.
CO.
The Board of Directors has this day declared a
Semi-A:inual Dividend of THREE PBK CENT upon
the capital stock of the Comply, clear of all laxM,
payable on and after May SlHh, next, to shareholders as rettlstered on the books at S P. M.. April
ilona
Fabius
diuuu aud Ohio Laads,
NOTHINO BAKER. ALWAV-" PKDMPTLT PAID
HENI) FOK P.V.MPIII.KT.
JOS. A. noOKE,
84 East market St.. IndlauapollS) Ind
V.Pres
Buifalo,
CAPITAL,
Farm Mortgages
In
('o..
BUFFALO,
MUKTUAUe
FAIt.MS.
il
the most desirable loans
sati.'^fHCtlnn.
jauuiAX 8. J ew.:tt, Pres. .lusiAU EWKTT,
William C. Cokn'Wkll, Cashier.
LAAVIIEMCE, K.ANS.VS
Offers to investors tiie best securities In the market.
FIIISI'
LOANrt UPO.N LMPilUVKl)
DOI,I,AR3 per
quarterly dividend of
share iiHS this day been declared on the preferred
and common stock of this company, payable on the
Ist day of June next to the stoi-kliolders of record
at the close of business hours (m the I5th instant.
Thedivl'iond on shares refrlstored in New York will
be [)i(id at the office of the Company's AKenls, John
Paton Jk Co.. No. 02 William i^treet. New York, and
on shares registered in <'hica<io at the office ot the
Treasurer of the Ciimpany.
_
C. II. FOST E R. Treaanrer.
will bei«old
.1
WESTERN
TlIE
TWO
A
INDIAN
1
EllS
1(
•
<-li-'- "t
NsMKir,
I
ON
ITBST-
A:
<
,
the Klrst .m
foinpiiny. <i''
Hni^kini£Co^N^.
O]HIO
n-tfer Airents.
m.oO'IlM
'
oreat vw
uf this
.'
!
w
.
SOt'TIIKRN
1
.
1
1
Corbia
fiwurer.
RAILROAD
CO.
The interest on thd First Mortu-ae fUnOj of Jhls
comirany, duo June 1. will be paid at the Cofbln
UauklnK company.
N.^^^
ORA»«S.T«*«W».-»'
)
:
THE CHRONICLE
n
[Vol.
^iftuauctal.
^iwaticial.
^inawcial.
SUBSCRIPTION FOR 7
$3,960,000
Pennsylvania RR. Co.
4 l-S JPer Cent
FOE
CONNECTICUT
COLLATERAL TRUST GOLD BONDS
>
Million Seven Hundred and Forty Thousand
Dollars.
The Bonds will bear date June 1,1885. Interest will begin to accrue upon them on the
first day of October, 1885. They will mature
at the end of twenty -five years from the first
day of October, 1883-the principal being payable at Hartford on the first day of October,
1910— and they will bear interest at the rate of
Three Per Cent Per Annum, payable in semiannual payments on the first day of April and
on the first day of October in each year at the
the Treasurer In the city of Harlford.
Tliey will be issued as Coupon Bonds of One
Thousand Dollars each, or as Registered Bonds,
at tbe option of the purchasers.
The Coupon Bonds wUloh may be issued will
be subseauently changed into Registered Bonds
office ol
at the option of the owners thereof.
These bonds arc to be Issued under authority
of an Act of the General Assembly of Connecticut, passed at the January session, 1885, and
the avails thereof are to be used in payment of
an equal amount of bonds of the State maturing October 1, 1885.
The total principal amouut of the funded
debt of the State (including the said bonds
maturing October 1, 1885) is Four Million Two
Hundred and Soventy-Five Thousand One
for
subscription
unrterslgned offer
$3,960,000 of the above Bonds at 101 per
IntertSt
to
date
of
payment to
acurued
rem auu
be paid for on or before J uly 1 5.
tbe
nre
remainder
of the
rbese $J,960,000
total issue of ten million dollars.
secured
of
trust
are
by
a
deed
The Bonds
1883, from the Pennsylvania
Railroad Company to the Provident Life &
Trust Company of Philadelphia, transferring
and pledging to said Trust Company Mortgage
Bonds of various (ubsidlnry Railroad CompanifS of the par aid appraised value of $12,500,dO', on which the annual interest amounts to
$677,000.
dated June
By the terms of the law authorizing the Issue
of these bonds, they are expressly exempted
Irom taxation In this State, by or under State
or municipal authority.
It is expected that the bonds will have been
engraved, prlutcd and made ready for delivery
on or before the tenth day of June. 1885. They
will bedeliverel, and must be paid for, at the
office of the Treasurer in the city of Hartford,
on said tenth day of June, 1885, or as soon
thereafter as they can be so engraved, printed
and made ready for delivery, with reasonable
notice to the purchasers that they are so ready
for delivery.
Interest at the rate of Three Feb Cent Per
Amnch will be allowed upon the amounts paid
for said bonds from the date ot the delivery of
the bonds until the 1st day of October, 18S5>
when Interest will begin to accrue upon the
bonds themselves.
Five Per Cent will be required, as a guaranty of good faith, from each
purchaser, immediately after due notice to him
that Bonds have been awarded to him under his
ol
bid.
Bids will be received for the purchase of these
until half-past twelve o'clock, afternoon,
on the twentieth day of May Inst., when the
bids will be opened In the presence of such
bidders as may choose to be present.
No bid will be received at less than par.
The right is reserved to reject any or all bids.
Bonds
Bidders should mark the outsldes of their envelopes
" Proposals to buy Bonds."
1.
These collateral securities may be exchanged
for other securities of equal miirket value not
lets than the appialsed value of the securities
withdrawn.
The Pennsylvania Eailroad Company states
the following in a letter to us dated March 30,
l-So:
"The Capital Stoct of the Pennsylvania Rail-
"road Co. Deo 31, 1884. was .. !f94,T77,8oO
"Tbe Honded Debt of the Pennsyl"vania RR. Co. Dec. 31, lt81,
" inelud'g morigages aud ground
"rents on real estate payable,
" also trust certificates uc, re" prespnting purchase of Philai
"aelphia Wilmington & Balti"mnre RR. Co. stork ngainst
" which are held stocks and bonds
" of other companies of a par va-
—
"
lufi
of
CHAMBERLAIN,
rrreasarer of the State of Conuectleut,
or write for particulars.
PROVIDBVCE, R.
"vauiaRR
18C4 were ... $14,761,045
from investments in
3,956,374
OF THE
Houston & Texas Central
RAIIiWAir COMPANV.
Holders of above-described Bonds arc requeated
to prompt y send their names and addres:ies, with
amount of hoi finas, to either of the Counsel to tha
Trustees, SulHvau & Cromwell. Drexel Building, Wall
St., N. Y. ( ity. and Dillaway, Davenport & Leeds, 18
Wall Street. N. y. City, to facilitate the Trustees in
communicaling with bondholdt-ra, c. tiling meetings,
m 'iling reports. Info-matinn. &c..1rom time to lime.
Our Counsel— wh<j have just it-turned Irom Texasreport to us that they have secured, in the actions
that we commenced In February, oi-dera of court
adjudging
1. That we as Trustees are entitled to all the proceeds of past land sales received by the company
under (mr deeds of trust and that full nccuunting
thereof be forthwith rendered us by the company
and tbe receivers. The fuud is already Impounded
:
;
In court-
future sales under our deeds of trust be
thn caih proceeds paid to us,
sales be used
by the receivers, but be paid over to us as stated.
The result of this is that as soon as wo
nfHrm said sales, we will receive about $400.uO0 In
first mortKase bonds and cash, and will also receive
the proceeds of about fSOJ.OjO of land purchasers'
notes (secured ny raortgaaes) as the Mam** fall duemaking about ^l.OOO.OUU- to be applied by us for the
purposes ot the trusts respectively, and that the
exclu-'ive rights of the bondh'Idera to all proceeui
from land sales will be respected.
2.
That
all
made through us. and
3.
That no part of uast or future land
New
Yorlt,
M»y
'
interest on its bonded debt
and other charges were
Its
"
9,125,426
$9,591,993
Against which was deducted for
" sundry payments
1,590,780
" Leaving balance to credit of in" come account for 1884
$8,001,213
" The following is a statement of the net
*'
earnings aud fixed charges in 1884 of the sev" erul cfimpanics whoso bonds are deposited
" with the Provident Life <fe Trust Company of
" Philadflphla as Trustee for the Collateral
" Trust Bonds issued by the Pennsylvania Kail" road Company
Net Earn-
Fixed
logs, de-
Charges,
ducting
in-
terest for
inelud'g
interest
Equip- on funded
debt.
meut.
"Belvidere Delaware RR.Co $184,650 $218,670
" No. & West Branch RR.Co 261,575
90,000
"Pittsburg Virginia & Char"lestwn RR.Co
199,889 150,000
" Southwest Pennsylvania
70.000
"RR.Co
332,614
"West. Pennsylvania RR.Co 478.522 233,000
"Tyrooe&ClearfieldRB.Co 111,400
50,000
" Pennsylvania Schuylkill Valley RR. Co. not
" opened until late in 1884."
The Bonds are of $1,000 each, and to Bearer,
with provision for registration as to the principal at the option of the holder.
Interest and principal are payable in Philadelphia, in gold coin of the United States, the
Railroad Company agreeing to pay the State
aud United States taxes.
The deed of traat provides for a einking fund
of oue-half per cent scmi-annitall.v, which is to
be invested in tlie Bonds of this issue, provided
they can be bought at or nuder par aud accrued
interest.
The Bonds are not subject to drawing or compulsory redemption before matuilt.y.
The subscription will be opened at 10 o'clock
on Thursday morning, Miiy 14, and may be
closed without notice at any time thereafter.
Copies of the deed of trust can be Inspected at
our oihce.
An Issue of these bonds will be made In London by Messrs. Speyer Brothers.
11
Nbw
Broad
Street
Yobk, May
CO.,
(mUU BnUdlns
13, 1885.
)
I
,
IS-iS.
NELSON
J
S. E KSTOX, Trn.to«.
vMBS RI.sTOUL, i irnstees.
1
THE
Co. in
$18,717,419
I.
To Holders of First Mortgage Main
Line and of Western Division Bonds
" The net eiimings of the Penneyl" Its earnings
" 1884 were
Managers,
CUSTOM HOUSE STREET,
27
$72,702,923
SPEYER &
B.
aud examine
Liated
$1:^8,058,046, costing
"$9H,866,317
Gold.
Oyer Seven Million Dollars negotiated ^vltliout tbe lioss of a Dollar.
Ten Million Dollars.
The
'
Dollars.
VALENTINE
Loans. Principal and interest payable in
MORGAN & BRENNAN,
)
Haktford, May 4, 1885.
Sealed proposals will be received by the
imdersigned for the purchase ol the whole or
any part of a proposed ls«ue of bonds of the
State of Connecticut, to the amount of One
A cash deposit
1913.
1,
choice selection of Seven
Per Cent Real Estate Bond and Mortgage
Payable Seml-Annnally on
1st June and 1st December.
Total Issue:
Hundred
Mortgage Bonds.
We have on band a
Interest
STATE BONDS.
State of CosNEOTtonT,
Tkk\8urek's Office,
Per Cent Gold
Call
Principal Payable June
XL
Dayton& Ironton RR.Co
mortgage 6 per cent
Forty-year gold bonds.
issue, $1,700,000. limited to 111.000 per milh
are offered for sale at par and intbrbst, and full information will bh
GIVEN BY
The Corbln Banking Co., New ITork.
E. Rollins Morse & Bro., Boston.
first
B. ASIKL.
Frankknhiimkk, M. SKLIOHAV
L. 3.
>i
embers N. Y. stock Bxchiin«e.
Asiel
&
Co.,
AND BROKERS,
BANKERSBXCHANOB
FLACK.
No. 51
Fifth
Avenue
HOTEL,
NEW YORK.
]!n[adt§on Square,
The Largest, Best Appointed and Most
LlberallT
Mana«ed Hotel In the City, with the Moat Centr»l
and Delightful Location.
HIIX^HOOCK. DARLING ft OO.
Moore
&
Schley,
MEMBERS NEW YORK STOCK EXCHANGE
26 BROAD ST., NE1¥ YORK.
Private Wire connection with Philadelphia,
Baltimore and Washington.
&
Spencer Trask
Bankers^
Nos, 16 AND 18
Co.,
Broad Street,
Transact a General Banking Business
Branch Offices:
Connected by Private Wires.
Philadelphia, 182 South Third Street.
Albany, N. Y., 65 State Street.
Providence, R. I., 13 Westminster St.
Saratoga, N. Y., Grand Union Hotel.
1
xmm
HUNT'S MERCHANTS' MAGAZINE,'
REPRESENTINO THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATBa
VOL.
SATURDAY, MAY
40.
C O N T E N T 8.
THE CHKONICLE.
Clearlng-HoDM RAtnrnii
.^79 The Moilllled Phils.
ReadThe PInanrlal Sttimtlon
5S0
nif Roorgauizatioii Plnii
581
Can Innolvent Vattoual Banka
MoDelary and Cumiuurolal
I
<lfe
I
I
Prefer Drhtet
The
582
Central's (Quarterly Re-
EnRllBh
I
Money Harket, Foreign Ex-
585
and Railroad
Bonds
I
j
590
In Prices
Stook Exohance
Quotai Ions
Stocks
of
Bonds
and
Stocks
687
|
ehancre, U.S. Beourltles, State
Bange
News
Oomuerctaland MlaoeUaneona
News
THE BANKERS' GAZETTE.
583
tarn
attbe N. Y.
I
and
692
Railroad Earnings
504
Invostiueut and Railroad In-
NO.
1885.
Week Endino Hay 9.
i
OI^ht:0ttijcIe.
|5O7,0M,848
New York
wttktstutmtXava.
PtrOmt.
1884.
188S.
'^Jxt
1,03?.
It is, however, impossible to
this year than they really are.
determine at any time what proporiion of all the sales are
fictitious, and especially so now; hence we are forced to continue the old plan from the want of a better. On that basis
the share transactions this week cover a market value of
$94,916,000 against $100,000,000 for the corresponding week in
188 J, and the exchanges arising through other business reach
$817,202,848 and $491,776,563 respectively in the two years, or
a loss this year of 35-5 per cent.
594
telllgeoce
591
16,
$811,776,563
(-S7-5J
(2,811,418)
(—47-0)
(-18-3)
ISHB.
$441,511,314
P«r«m
-48-4
Sola of—
The CJommehcial and Financial Chronicle is
yew York every Saturday morning.
published in
iaUKla....thare».)
(.Cotton.... bala.)
[Bntered at the Post OOloe, New York, N.Y., as second class mail matter.]
Terms of Subscription— Payable in Adrance;
(P«trot«um..l)il».)
A
Offices In
The
Eugland.
ingle copies of (he p ipcr i-uiiplind at Is. each.
The ottioo of the chronicle lu Liverpool is at B 15, Exchange Buildings.
B,
ic Co., Publlnhcrs,
WILLIAM B. DANA ) \riLLIAin
Willlaiu Street,
YORK,
iOHS O. FLOl'U. > 7t> & 81 Post Offiuk
Box, 958.
DANA
NBW
CLEARING HOUSE RETURNS.
(119,773,000)
$66,682,368
3,818,300
-m304l
-581
-1-7
-6-7
-0-7
(717,3581
(-7S-S)
((35,4001
(4Ma'S,' 00
(-188)
(36,St-4,000>
(-641)
$64,349,471.
-18-1
+10-S
(-|^59-4)
400,513
$70,126,267
$77,878,408
$44,183,504
-58
11.759.452
$55,885,630
15,487,681
11,988,708
$62,436,527
$83,332,019
-25
$50,189,019
8.834.100
3,684,789
Detroit
iDdlaoapolIs
2,703,2111
2,79.8,178
1.097,321
1,375,368
Cleveland
2,201,Sfl7
2,312,671
l.K95.24"»
-50
Colambus
1,163,349
1,403.530
-171
1,261,577
-10-9
774,199
-17-4
-19-8
-18^
9I4,00fl
735,292
703,K83
Philadelphia
6.491.571
Plttsbarg.
Baltimore
Total Diddle....
ChlcsKO
Milwaukee
Peoria
Total Western...
+0i
-I-18-4
-7-5
-I8-3
4,859.0fl<
1.S00.5H1,0<S.3.SI
-61
-:o-7
8S6„S41
-190
383,340
-18-5
—4-4
-27-S
-20
$71,295,926
— 10-S
-20-9
$40,011,793
739,43;
624.4''l
10,953,536
-ai-5
-43-4
-20-8
1
$57,3S6,8C9
-318
$49,085,382
+2-2
$47,795,a7i
-14-8
10,050,5110
-141
8,42.;,800
-151
3,489,837
-t-6-2
B,433,30H
+tm
1
-1-9
-3-4
-20-3
-4-8
e.4V0,Mt
2,817,.'S28
-l-3'S
1,015.0-5
-31-5
810,810
910,024
$70,484,107
$71,105,500
-1-3
$09,418,08*
$14,858,202
669,045
-15-8
$14,6I5.5IA
-»-8
-127
6,318,898
4,489,868
$17,545,229
7«6.539
8,936.017
6,414,890
628,375
6,231,108
-248
-247
4,528,175
3,274,757
-29-4
—300
4,399,2»;
-28-0
-I-38-3
4,235.990
+»0
1,07 1, !»2
938,911
+14-1
869,007
-H-8
$31,937,940
$37,876,363
-15-7
$30,«87,29i
-u-s
$9,810,722
$10,068,505
-2-5
$11,106,842
-fO«
$757,816,811 $1,09^,167,448
-80-6
$684,714.12.'^
-404
$280,390,885 ^^10=6
$243,202,811
-16 *
"$850,784,963
days ended this evening
decline indicated from the
figures of the preceding five days has been general, it has not
been very heavy, aggregating only $29,123,815.
Our telegraphic returns for the
are given below. Although the
Hve
Sale> of stock (<Iu.)
Boston
.
Balance, Ckiuntrr*
ToUlall
Outside
•
New York
five
Day Bndint Hay
$421,256,523
$722,130,769
(1,213,301)
(2,585,438)
62,740,802
e0,r,4 1,572
83,852,214
51,730,578
9,105,906
35,165,000
39,725,000
11,880,HU
i3,ae9,on
5,263,424
7,601,021
$669,090,783
47,237,588
$906,533,896
57,«2I,S80
$6l6,328,37l
$1«5,07T«5
|
11,433,331
Cent.
-41-7
1
1888.
PerOmt
$489,281,841
-8T-8
(-68-7)
(1.89I,41Tj
(-48-8)
-12-9
-S4-6
-20-1
-arO
-18-1
-8-1
-18-6
-30-8
S6.983.987
87,886,600
9,819,065
48,981.000
18,841,44*
6.361.888
-sn
|g86.(n«,S0T
-18-0
60J73,»79
-36-1
$646.468.186
"^O'C
$»i6,i7r>,'«40i
-114
$964.184,676
$242,023,907
ftMD'vtSiul't JVa* S
15.
Per
1884.
1885.
New York
Another matter worthy of mention is the belief that a Pbiladelphla..
much greater proportion now than in ordinary years of the Balttmora
share transactions on the New York Stock Exchange are wash Chicago
St. Ix>als
sales, in the settlement of which no checks are passed, and New Orleans....
sales
do
these
not
appear
therefore
in
the
bank clearings;
that
Total
consequently the plan of deducting double the value of all
stock sales from the New York totals in both years, to arrive
at the exchanges arising through other business, causes the
remainder or mercantile exchanges to appear much smaller
(54,792,000!
1,180,015
The more favorable indicationsjwhich were just discernible
St. Lonls
in the last returns appear more clearly in those now before St. Joseph
us.
In fact, of the twenty-seven cities embraced in our state- New Orleans
ment all but six report exchanges in excess of those for the LoatsTiUe
Kansas Cnty
week ending May 3, the aggregate increase reaching $73,105,686, of which New York contributed over $65,000,000. The
Total Southern..
comparison with 1834 is also more favorable than a week ago, SanPranclsoo
due primarily to the above, but in part to a decline'in clearTotal aU
ings for the week of that year of about $55,000,000. In mak- Outside New York
ing comparison with last year, it is always well to bear in
mind the fact which we have so often referred to, that the
values of all commodities are still below those then ruling,
and that, therefore, were it possible to obtain actual returns of
business transactions as regards quantity instead of money
value, the exhibit this year would be more satisfactory. Viewing the returns in this light there is perhaps little doubt that
outside of New York the volume of business of the country
would be found to equal last year's.
(518.000)
(17.895.000)
1,6,32.030
Total N. England
the CoMMtKciAi. a.nu Flnanciai, CitRONio^E in
London
is with Messrs, liuwARDS & Smith, 1 Dnijiers'Unrdtns.E.C. where subscriptions and aflvcrtisement'^ will be taken at the regular rates, and
office of
(423,200)
$87,804,253
4,048,600
1,643,879
1,174,205
771,747
794,939
872.308
568.477
ProTldenoe.-
For One Year (including postage)
$10 20
do
ForSix Months
6 10
New Haven
Annual aub.-criptlon In London (iuoUidlU7 postage)
£2 7s.
Portland
Six M.OS.
du
do
do
£18s.
Worcester
These prices include the Investors' Supplbment, is'ued once in two
months, and furnisUcd without extra charge to subscribers of the
LoweU
Chroniclb.
Subscriptions will be continued until deflnltely ordered to bn stoiiped.
The pulilislii'rs cannot be reopoiiaiblu lor reuiitlanooi uulcss mudu by
Dralts or Po-t Ottico Monev Oidera.
neat file cover is furuisUed at 50 rents: postage on the same Is 18
cents. Volumes bound for mibscribers nt iHl oo.
(1,489,698)
(41,230,300)
Estimated on the basis of the last weeklj rctorn*.
447
—18H)
-28-»
-81-8
-8-8
-rs
—
.
.
THE CHKONICLK
680
^
[Vol. XL.
supply of gold visible and a plentiful stock of gold bars,
TBH FINANCIAL SITUATION.
there being 33 millions
of bai;B in the Assay Office here,
The conditions affecting our markets have shown no and about as much more in the various mints and assay
One circum- offices throughout the country. In case of gold exports
material improvement during the week.
that is a therefore,
and
here,
interests
these bars would be selected in preference to
stiftftce should favor financial
per cent coin,
half
a
of
morning
further fall reported Thursday
and the operation would be simply a reduction o'
In the open gold certificates in the bankp, and no diminution
in the Bank of England rate of interest.
of th:
per cent,
to
down
now
are
discounts
London
roMjket in
gold reserve in the Treasury need follow.
and allowance on deposits below that. There is thereSo much uncertainty as to the course oi foreign
U
.
the transfer of capital from New
York to the other side, the rates for money averaging in
This ought, in view of our large trade
fact better here.
fore no profit at
all in
balance the last six months, help to give us a lo\f er market
for foreign exchange.
,,
.
Export
to
all
—the
point
in the
rates
—-acts
enterprise.
fluctuating
just
below
Course
a
constant
of
as
the
gold
menaci
no wonder, consequently, that tlm
improve and that trade keeps
It is
industrial situation does not
depressed, as
,
same direction we have also the higher
prices for breadstuffs and provisions, and the increased
export movement at these better rates which has been in
progress during late weeks, though the more recent
advance in wheat here and in the West seems to have
again shut out foreign orders. This week the Bureau of
Tending
exchange
impending
there
is
that
merely nature's
effort to
avoid an
the same, that
is
a loss in manufactures at present prices, and tb^
constant aim
An
is
Everywhere the report
evil.
decrease production and lower the cost
is to
attempt in the latter direction
among the
iron workers
has this week been announced, and in consequence of the
diminished scale of wages proposed a strike is threatened
have published their monthly figures of pro- This condition among our manufacturers is likewise apparvisions and breadstuSs exports, covering April and the ten ent in its effect on the coal trade, that market being now very
months of the fiscal year. Using these returns we have flat again, notwithstanding that the allotted production in
compiled our comparative statement for three years, and May was only 2,400,000 tons, whereas after this, according to
in that form a very interesting exhibit is afforded.
the arrangement, the output is to be raised until in August
EXPOBT8 OF BREAD8TDFFS AND PROVISIONS FOK APBIL AND TEN the total is to be 3,250,000 tons, and at that figure it was
}10!>TUS.
In apparent opposition to
to continue until December.
1882-88.
BxporU
these facts we have the circumstance about which
Statistics
from U. S.
AprU.
there can
April.
April.
Quantities.
Wbeat.bush.
4,898,517
75,539,720
8,727,975
59,511,362
7,380,027
98,424,861
1,148,485
6,114,526
728,386
3,985,602
FJour...bbl8.
898,827
7,881,335
Wbeat.bush.
Corn. .busb.
10,066,700 114,816,607
9,392,263
92,405,481
7,110,523 133.890,868
48,378,703
2,760,549
87,676,363
Total bush..
ie,881,13J 157,194,410
12,148,812 130,072,>(67
Values.
t
t
9,877,025,107,307,519
8,784,255 28,253,139
10,071.626 106,029.542
0,814,439
Oom & meal.
Bye
38,283
Oats & oatmeal"
Barley
Total breadstuffs, value
Provisions
12,277,4051 I81,936,77fl
Total
pro-
Ttstons
and
brenci stuffs
reduction from market rates.
i,7n,5a
1,917,013
321,741
6,H47
8,781,714 1:8,025,063
23.533,136
3,S99,323
419,559
25.220
17,232
2,306,5S,9
822,133
3,498,696
20,391,928
168,798
042,814
goods, and
if
the reports about collections are correct, have
money
to
pay for them, but they
the
854,170
8,300
135,844
277,14'
8,462
243,925
slaughter
his
actually
products,
derangements throw
14,078,851 135.106,338
84.919.353
7,167,147
Our people want
t
the manufacturer
.
12,851,178 138.093.318
5,263,584 88,884,442
all
does, or
Thiis
it
will
only
at least
is
8t.^tea prior to
July
1.
7,776,368
85,206,786
our industrial machinery out of
gear.
3 J million dollars more than in April, 1884, and about
one million more than in April, 1883.
As cotton exports
in April were about the same in amount as in 1884
(though less in value because of the lower prices) and as
the total imports were less
year, the general
than in the same month
trade figures
net a small balance of say
our favor for the month,
to
last
when made up ought
from 3
to
to 5 million dollars in
against an adverse balance of
lijrtest
the'crop situation seems to be fairly favorable.
the
feared that
1893.
appear to have been this April about
total values
to,
currency
12,468,979 179.739,004
17,514,762 222,077,760 20,241,»11 264.945,7Se
220.085.691
..
buy when
pretends
that
"With the exception of winter wheat the
Oatmeal not
The
To prove this, it is necessary to go
no further than the auction sale of dry goods in this city
on Thursday where the buyers were so numerous and
where the sale reached nearly two million dollars at only a
slight
Wh't & Hour
•
28,046,911
5.166,882
be no doubt, that the consumption of goods
pretty active.
is
would
news as
It was
recent severe frosts in the grain regions
result in serious injury,
but fortunately
it
appears
no damage whatever was
done in the West. Corn is now being planted under satisfactory conditions, and the final result will depend upon
future surroundings, the delay in planting being a circum
Oats and flax have been very
stance of no importance.
that with the exception
of
flax
Cotton also has received increased attention and the outlook for that staple at present is highly
Of course there is many a slip between a
favorable.
largely sown.
about 4 J millions last year.
cotton plant with four to eight leaves on it and
But notwithstanding these late trade figures and the cotton bolls ripened and marketed. And yet if Texas
large favorable surplus for previous months, and the very alone could fulfill the promise of today, it would prolow interest ruling at London, our exchange market shows duce at least 1,800,000 bales, which at fifty dollars
no disposition as yet to give way.
It is possible, though, a bale would give the State the snug little sum of
that this
Pennsylvania
reported
is
is
the
4^
dollars.
not
last,
negotiation
some
as
of part
may be
bills
of
the
ninety miUions of dollars.
new wheat condition
is
100 for
We
notice too that the
May
Texas
in the ofiicial statement
given below, only two other States being as high.
the Canadian Minister of Finance
Unfortunately about the worst view of the winter
out a loan in London for 30 mil- wheat situation which has prevailed, finds confirmation in
per
cent
loan
;
besides
that,
it
that
about to put
lion
may
condition
drawn against
If this latter
report proves
to be true,
the Agricultural
Department's report of condition issued
more than a sufficient supply of sterling to meet any this week. Not only is there no improvement upon the
ordinary demand ought to be assured, and certainly would April statement, but the average for the whole country is
1)6 if the demand were ordinary.
As the case stands reduced 7 points and the average for the most important
'
however,
it is not safe to attempt to forecasK, the future
States is reduced over 10 points below the figures for the
eichange market. And yet whatever the event, previous month. The Bureau gives the loss to the winter
encouraging t6 know that we have an undiminished wheats crop coiaj'*'"^'^*^^*'^ last gear's yield at about 112
of the
it is
.
Mat
16. 1885.J
million
bnshels.
THE CHRONICLE.
Through the kindness
parative
May
which show
results,
we have
statement and from
prepared
have
reports
former
his
of
received the details
Mr. Dodge,
of
Department,
Agricultural
the
of
Statistician
following
the
glance
a
at
liig
at
all
means
line
some time been painfully aware of the
for such action, and are trying now to devise
that end. The operation of the principle exteadfe
managers have
necessity
int«nne<lialo points,
The Eastern trunk
separate pools inuat bo formed.
very
present outlook affords for this year's
poor promise the
at loading traffic centres, but
com.
the
681
to
of coarse
for
further, so that separate (lools are provided
still
not only at different points, but as between different kinds
yield.
traffic, and as between local and through business. The
main advantage is, that every issue, being clearly deftned,
admits of distinct treatment, and it a conflict arises, it is
easy to fix the responsibility and apportion the blame.
In the West the principle was applied last September,
of
OmMlton
WMtr
iVhnt.
TO
08
78
00
101
102
Il8
99
98
102
07
98
90
100
101
101
100
102
9J
98
94
93
80
90
78
101
102
101
102
97
rl
Hlchlfian
Callforola.
M
Tork
PeniuylToiilH
91
too
83
91
101
94
Illlnota
New
88
96
70
75
80
83
70
93
62
66
100
8S
75
92
90
75
88
gs
6»
70
42
tW
02
74
MI»»o
Aprlt May. Jiutt ipHI May. Junf
AprU May. .4pr« Uay. JUHt
Ohio
96
bO
67
87
63
8t
. .
48
69
GC
93
Tonnease'
ItonrlMd
Virgin tA
100
8B
86
87
94
103
1882.
1888.
1884.
1880.
of
82
94
7«
80
103
03
100
97
99
82
70
fW
77
01
83
80
72
77
95
88
99
97
87
60
67
97
106
61
102
70
80
80
88
110
00
63
07
86
98
110
108
91
104
100
112
IiKf
101
104
10,1
IHI
Io:i
OH
li:i
OB
8S
87
OH
9)
88
77
81
HI
01
TO
108
109
118
93
88
109
107
105
110
76
76
108
100
ll>4
when
the managers, to get over
dividing
109
1(10
the difficulty about the
tripartite arrangement, fixed upon the Missouri Kiver as a
Now
line,
and formed pools east and west of that
distinct
on
pools
line.
by the creation of five
business west of Omaha, and tho
question is disposed of by the forma-
the present contest
" niilling-in-transit "
is
settled
Oil
tion of a separate pool on that particular business, in
which the St. Paul, it is stated, is to have 72^ per cent of
The foregoing looks very discouraging, and as to the the whole amount. As to the pools west of Omaha, it
year's promise for this grain, we can offer no qualification appears that each road is to retain its own local business,
which will give it a more hopeful aspect. But too but, the better to maintain rates and avoid difficulties, a
much importance may be attached to the figures in local pool is established, in which however none but the
At. whole co'trj
estimating
70
TJ
here
lost
is
outturn
general
the
haps what
~«6"
of
may be more
the
crops.
08
Per-
than recovered
in
and the references already made to
the present promise as to other products, suggest some
«uch possibility.
The stock market has been variable, but the not result
bas been towards lower figures. This is in keeping with
^the less favorable returns of earnings, the bad prospect
for trunk line business which late reports hold out, the
demoralization which must continue to exist so long as
the West Shore fight continues, and the general aspect of
commercial affairs. A feeling all the time prevails too,
"Other directions
that the holders
of stocks
only trying to
are
make
a
—
business the Northwest, the Union
and the Burlington k Quincy have any concern.
was the purpose (long since defeated) of the tripartite
roads doing the
—
Pacific
It
contract to force the turning of that local business into the
Iowa pool at Omaha but, subject only to the division
made by the local pool, the Northwest will keep all its
local traffic, the Burlington & Quincy its, and the Union
Pacific we suppose will give what it secures to the St.
Paul and Rock Island. There never was any objection to
;
the tripartite alliance so far as
it
related to the formation
of a continuous route to Chicago on through business, and
about what
that
is
the
pool
on
market to sell upon. This idea has also been encouraged by a pool on
the operations and wide fJuctuations in Lackawanna. The and there
has been reduced to now.
it
local
business in Nebraska,
competitive
business
in
Besides
there will
be
the same section,
will be pools for traffic originating west and
may, however, have been mainly the result of the east of Julesburg on the Union Pacific, and also a
unsatisfactory condition of the coal trade, and this, separate pool on live stock traffic from Wyoming and
probably, had much to do with the fall in other coal Nebraska.
stocks.
The West Shore reorganization scheme has been
St. Louh dt San Francisco report for the year 1884,
latter
amendments though a little later than usual in coming to hand, will be
proposed to the Hewitt read with much interest.
give the figures in full in
plan, with apparently a gradually diminishing prospect of our investors' columns on another page, and need not re-
tmder consideration
all
the week, and various
We
and modifications have been
an
This
agreement.
is
a very unfavorable circumstance,
as the situation of this property with no responsible head,
prevents any settlement of existing disputes.
West Shore
A report is
made an
also
current
with
a line of steamers between Buffalo and
giving
that
has
alliance
Chicago,
an independent through line while navigation
it
is
peat
them here. Suffice it to say, that independent of the
from land sales, the operations of the year show a
receipts
surplus above
preferred stock,
appropriately,
But, although
regard to the
it is
not possible to report progress with
east
difficulties
of Chicago, west of that
pay the 7 per cent dividends on the first
and leave a balance of $367,015. Very
as in the case
President of the
open.
charges of every description of $632,-
all
015, sufficient to
of
the Atchison report, the
company devotes the greater part
of his
introductory remarks to a discussion of the road's relations
to the Atlantic
&
Pacific.
The building
of this line, in
Francisco and Atchison are jointly inter-
patching up an agree, which the San
and consequently rates ested, has involved greater burdens than originally suphave been restored, and everything looks serene and posed, and last year still further obligations on its behalf
lovely there.
The basis of settlement adopted in this, as were assumed, which have been_ the subject of much hosin one or two other recent cases, contains suggestions that tile criticism.
Our own views about that transaction are
point the lines have succeeded in
ment apparently
may
)
satisfactory to
all,
rove of value in dealing with other similar disagree-
ments.
A
new
principle
has apparently been discovered.
known.
well
when
We
do not believe
railroads should
that this
is
incur additional outlays.
a time
Never-
where a general pool does not answer, create theless, the case of the Atlantic & Pacific was a pecuseparate pools.
If one subdivision is not sufficient, make liar one.
A large amount of mon^y had already been
another and still another, till finally you get down to a invested in that enterprise. The question was whether
point where the whole thing resolves itself into such a this should be sacrificed, or an attempt mode to save it, by
shape that the simplest kind of arrangement will suffice to carrying the work to cootpletion and making the advances
It is this
:
take care of
method
of
it.
And
disposing
really that
of
these
would seem the true necessary
troubles.
Not
only
this
to tide over the present stage of depression.
In
emergency, the management very properly determined
—
1.
THE CHRONICLE.
682
in favor of
tempo
bulhon in the principal European banks
ample the corresponding date last year.
the end, and the
Uay 14, 1885.
That might
the latter course.
—but
—present
-
entail
at
self-denial
rary hardship
managers had the satisfaction of knowing
situation
that confronted them, was not the result
the
that
own work,
but the
work
of
those that preceded
Nevertheless, they considered that the good of the
them.
property demanded that the original purpose should be
carried out, and thus inspired they acted accordingly
with promptness and
Very
efficiency.
imme-
likely the
May
In
Chid.
BUver.
case, too, the
of their
week and
this
at
least
reward would be sure to be reaped in
property and interests of the San Francisco protected.
thifl
XL.
[Vol,.
15, 1884.
Oold.
Silver.
£
Bank
Bank
Bank
of
England
France
of
Germany
of
27,536,356
24,953,899
4 3,081,306 42,583,302 11,548,947 40,231,243
7,158.587 21,475,763 7,778,000 23,334,000
Total tUa week
77,776,249 64,059,065 74,280,816 83,565,243
Total previous week .... -6.946.258l63.857.109 7:?.88:'.907 63.207,69
The Assay
paid $113,026
Office
Treasury for domestic and
through
the
Sub
$24,000 for foreign bullion
diate benefits to result from this investment are not at all
during the week, and the Assistant Treasurer received
commensurate with the outlay certainly the San Fran"
the following from the Custom House.
but
Cisco has not so much to gain as the Atchison
—
at
future of the
the
least
—
allied properties
is
doubtful whether they
Date.
Without
would have now the prospect of any future. It is proper
here to say that by a separate agreement between the San May 8
"
9.
Francisco and the Atchison (made at the time of the August
" 11.
"
12.
agreement last year) the San Francisco has been placed in
" 13
a position to realize more of the present gains from the
" 14.
By that agreement Total
operation of the Atlantic & Pacific.
such action
assured.
it is
the net earnings on
the whole of
traffic
viously the Atchison had
and
$419,331
235.155
488,872
402,337
321,196
591,867
36
08
41
$4,000
2.000
2,000
3,000
2,000
3,000
$2,458,759 76
$16,000
10
26
55
CA]Sf
&
Pre-
Pacific).
net .earnings
the
Gold
Silver Oer-
Oerlific't.
Hfleatet.
$192,000
73.000
239,000
192,000
127.000
289,000
$158,000
110,000
178,000
154,000
151,000
179,000
»398 000 «l.H2.0OO
$930,000
$65,000
50.000
69.000
53,000
40,000
121,000
DEBTS?
New
interest attaches to
got nearly the whole of that tion 5242
consequently
U.S.
Note*.
INSOLVENT NATIONAL BANKS PREFER
per cent for operating expenses and a
rebate of 25 per cent to the Atlantic
business,
Bold.
east-bound to the
Missouri River for the whole distance east from Albuquerque is to be divided equally between the two roads
(after allowing 50
of—
Oonfitting
thereby
on
the
[of
New York
any
legal interpretation of sec-
Law
the National Banking
compromised, and
banks
ever since our
to
that
extent
acknowledged, the claim made against them for the Marine
same.
brokers' balances, is difficult to Bank's 6th of May balance at the Clearing House. Of course
Western papers report an abundance that compromise settled that matter absolutely, and there
of small notes at interior points, many of which are being is no wish in any quarter to open it; but as similar dis.shipped hither, and there is less activity in money at the putes must frequently occur, anything helping to clear up
West, now that the speculation in grain is subsiding. The the doubts^which those facts raised cannot fail to be of
following statement, made up from returns collected by use.
The section referred to provides that any transfer of
us, exhibits the receipts and shipments of gold and cursecurities
or any payment of money by a National Bank
during
New
York
banks
the
week.
the
rency by
Money represented by
lend at
1
per cent.
;
" after the commission of an act of insolvency or in con
Wttk enMng Man
IS, 1885.
Currenojr..
Gold
Total gold and
letcal
tenders..
Recelvfd by
N. T. Banla.
Skipped by
.V. T. Bunkt.
$3,523,000
50,000
$843,000
»3,5-3,000
$613,000
yet Interior
Jfovemint,
" templation thereof,
" application of its
made with
a view to prevent the
assets" in accordance with the act or
Gain... $2,830,000
60,000
Gain...
Gain.. $2,030,000
with the purpose of preferring one creditor to another,
Of course any such preshall be utterly null and void.
The above shows the actual changes in the bank holdings ference would be entirely lawful and could be enforced at
statutory prohibition. But
of gold and currency caused by this movement to and from common law had there been no
of
Marine Bank, claimed that
the
receiver
the
Johnson,
Mr.
the interior. In addition to that movement, the banks have
$1,500,000 through the operations of the Sub-Treas-
lost
therefore, to the above, we have the
which should indicate the total gain to the
New York Clearing House banks of gold and currency
for the week covered by the bank statement to be
ury.
Adding that item,
following,
the
facts, in
illegally,
which they
15,1886.
Into
Bank: Out Of Batiks.
Net Change in
Bank
:
Banks' Interior Movement, as above
Total KOld and legal tenders ....
The Bank
Holdiniji.
$3,673,000
5,800,000
6,800,000
Gain. $2,930,000
Loss. 1,500,000
$8,873,000
$7,443,000
Gain. $1,430,000
$643,000
England reports a gain of £546,707 bul.lion during the week.
This represents £224,000 drawn
from abroad and £322,707 from the interior. It is a
of
significant fact that since the reduction
by the Bank
to the
,4 per cent minimum, January 29, there has been a gain of
£5,292,420 bullion, £1,673,369 of which has been gained
since the reduction to 3^ per cent March 19.
This indicates that gold is flowing to London mainly for security.
The Bank
of
France shows an increase of 4,990,000 francs
silver, and the
gold and a decrease of 1,221,000 francs
Bank
of
Germany
6,720,000 marks.
since
the
last
The following
report
has
indicates the
gained
amount
of
brought the
and thaC the
money
at first refused to do,
but
afterwards, as already stated, did in part by a compromise.
be remembered that Mr. Fish, the President of
the Marine Bank, was
Week ending Hay
clearly
to within the statute,
Clearing House Banks must therefore refund the
thus taken
It will
.'issued to-day.
the case of that bank,
transaction referred
seeking to carry his institution
it.
That his Bank
was hopelessly insolvent at the time, is well known now. But
the President had an idea (no m6re insane than his whole
management had been for a long period) that money- would
that morning be brought in by Ward which would'lift it
out of it-s difficulties; with that feeling he went early to the
Clearing House to arrange for the payment of his balance.
There he found he was debtor to the amount of $555,063
In
17, while his bank only had $210,000 legal tenders.
view of this condition and after consultation with the
Clearing House committee, he eSected, on a pledge of the
Marine Bank securities, a loan from the Fourth National
Bank of the remainder he needed. Between the time
however this agreement was consummated and the
through the crisis that had overtaken
delivery of the securities, the Marine
Bank closed
its doors,.
Mr, Fish having probably in the interval heard from
Mat
Ward
THE CHRONICLE.
i«, 1880.1
or becomo otherwise convinced
that ho could not
pull through.
A
somewhat
case involving
the United
decided in
similar facts,
States
Circuit
was recently
C'ourt,
held
688
poinu may b* ootwlderwl MtUed, maoh of
obscurity in which Sec. 5242 of the N«doiwi Banking
waa involved has been removed.
If thcae
Um
Uw
in
THE CBNTRAL'S QUMiTKHLY RETURN.
The action was brought by the receiver of the
National
First
Bank of St. Albans. That bank being at
The New York Central sUtement for the quarter ended
the time (as was admitted) in an insolvent state, pledged March 31, 1885, iMued this week, ia of coqim tUMticto a depositor a promissory note for over eight thousand factory. The conditions under which the road'i
openMioM
dollars to secure his deposit for about the same amount, are carried on, made that ineviuble.
But the exhibit
and after the bank's failure the receiver sought to recover probably seems more unsatisfactory than it really ia,
Vermont.
the note pledged. Such transfer of one of the bank's securities, of course made this depositor's claim virtually a
mate of the
preferred debt, and yet the court sustained
the
The
decision
is
based upon the
fact,
the pledge.
which the court
emphasizes, that according to the statute, the transfer of
the security must not only be made after the act of insol-
must be in contemplation thereof and with
a view to prevent a ratable distribution of the assets;
and further it interprets these qualifying clauses to
vency, but
because
differs so materially
it
result, issued at the
quarterly dividend.
last
from the preliminary
eeli-
time of the declaration of
The dividend had been
reduced to
1 per cent, and it was supposed this waa done
simply to bring the distribution within the measure of the
road's reduced income.
In fact, the estimate showed a
surplus of $947,000 for the stock, against only $894,283
required on the 1 per cent basis.
Comparison with the
corresponding period a year ago disclosed that the surploa
"view" are to be then had not been a great deal larger $1,096,698 to in
those of the officers of the bank and not of the cred- commenting upon the figures at the time we were led to
itor.
In the St. Albans case the creditor foresaw or remark that about the only difference between the two
"contemplated" the insolvency and demanded the pledge years was " that last year the directors divided 2 per cent,
mean
that
"the
"in view" of
would
be
it;
but the bank
able
get
to
hoped that they
Furthermore, the
officers
through.
much more than
" or
"
they divide
now
statute the officers'
a case under this section of the
"apprehension of the condition of the
"bank and motive
to prevent ratable distribution of
one-half of
"assets ought to be
made
decision
it states
says
that
if
that
in
to
—
—
contemplation" and
the
appear clearly." Then, again,
"that the bank was approaching failure, and made the
' pledge to keep the note out of the assets to be
distributed,
the road earned, while this year
per cent, or a
than earned."
trifle less
It
turns out, that instead of a surplus of $947,000,
there is actually a surplus of only $470,006, equal to bat
1
per cent on the stock.
though the
Still,
the officers "saw at the time of the pledge
1
original,
we
later exhibit is
much worse than
are not inclined to view
it
in a
the
very unfavor-
able light.
Understanding the difficulties the road had to
contend with, we were prepared for a bad showing in the
"the pledge would be clearly void; but if they made it to first place, and astonished to find that the report made
prevent failure, and expecting to prevent failure, it would by the company was so very much better than any one
" appear to be ffood."
had reason to expect. Now that the estimated report is
Our Clearing House Banks, in their dispute with the not borne out by the actual figures, we simply feel
Receiver of the Marine Bank, were in a stronger position that our first impression, that^ the conditions prevailing
than this depositor in one respect, though weaker in were such that only a poor result was possible, was
another.
They were weaker in that the closing of the entirely correct. It is well to bear in mind just what
doors of the Marine Bank followed so directly on the these conditions were. There was a depressed state of
^'
The contest with the Weet
business all over the country.
it would not be difficult
Mr. Fish on that morning Shore continued uninterrupted, and local rates as a conseexpected to carry his bank through and that such was his quence continued to be demoralized. The general conobject in coming to the Clearing House so early.
On the flict between the great east and west trunk lines likewise
other hand they were stronger, in that it was not for an remained in force, and the tariff on east-bound through
negotiating of the loan
•to
show
;
and yet
affirmatively that
antecedent debt due the Clearing House that the securities
were pledged, but the pledge was made simply to obtain
traffic
a Iban from the Fourth National Bank still this latter
view would perhaps only transfer the claim back against
the depositors who were benefitted, and to open so many
ingly low,
;
case,
it
is
maintained,
own
rates,
so
nearly
that
which were
every
always exceed-
and most of the time altogether unremunera-
Then, to add further to the discomforts of the situalways higher and
ation, rates on west-bound business
more profitable than those east-bound were being gradu-
—
—
Aside, however, from any application of this St. Albans
House
not
its
tive.
accounts would be very troublesome.
decision to the Clearing
was
made
line
ally
undermined till finally the official
from 75 cents to 50 cents on
one-third,
of interest as
tariff
first
waa reduced
class
freighti
giving prominence to certain facts which do not enter and other classes proportionately. This latter circum"
into, and certain other facts which must always control in stance has been completely overlooked in nearly all disany correct construction of this statute. They may be cussions of trunk-line earnings, and yet it must be very
summarized as follows:
of the bank is not at
seeks and
almost
Actual or hopeless insolvency
important in
conclusive of the question in-
through the three months was worse than the average of
winter weather, while in February it was exceptionally
volved; (2) nor does a condition of actual insolvency added
to a belief of that fact by and on the part of the creditor
who
Finally, the weather
(1)
all
receives the pledge
make
its effects.
bad and greatly increased the
road operations
the transaction
—
in fact,
difficulties
snow and
ice
and cost of
all
all
rail-
but caused a
void; (3) nor does insolvency with also the purpose ex
pressed by the creditor that he obtained the pledge because
Under such
complete blockade for part of that month.
circumstances, a surplus for the quarter equal to only one-
he thought the bank was in a
half of
failing condition,
make
the
one per cent on the stock affords no criterion of
"We annex below a
periods.
the results for subsequent
transaction illegal; (4) to bring the case within the statute
the bank itself must be knowing to the insolvency, hsve
showing the resulU for the six quarterly periods durFrom this cornit in contemplation when making the pledge, and make the
ing which returns have been required.
the
exceptional
how
seen
will
bo
it
pledge with a view to prevent the distribution of the assets parative statement
ratably.
table
I
present exhibit
is.
THE CHRONICLE.
584
Gross
Eaminijs.
Huarttr Endtd.
Dee.
Mar.
t
7,914,188
8,710,501
6,361,071
7.162,879
6,810,170
5,862,822
31, 1883....
31, 1884....
June
30, isat
Sept. SO, 1884....
31, 1884
Deo.
MU.
81, 1885....
NH^AII taxes, except taxes
.Thus though
Operating
JVft
Expenses Earnings,
^ Taxes*
[Vol. XL,
Ofsets
Interest,
Rentals,
on Hand.
Floating Debt.
jr«t Floating
Due by
Cash.
Debt.
Agents, Ac.
t
t
$
4,681,799
4.818,803
3,232,329
2,491,898
1,395,000
1,837,329
D60. 31, 1883..
$
1,824,569
31, 1884..
1.824,569
t
295,117
270,368
June
30, 1884..
1,824.569
1,252,076
4,718,388
2,128,813
2,440,516
1,098,698
733,813
Mar.
4,232,258
1,395,000
1,395.000
1,446,596
1,000,920
2.877,084
1,500,000
1,377,084
Sept. 30, 1884..
Dec. 81, 1884..
1,383,383
3,933,088
1,383,362
1,491,221
2,371,755
4,007,216
1,«55,006
1,485,000
470,006
Mar. 31,1885
1,383,362
470,627
on earnings and
to
Supplies
Profit'
.
2,489,363
2,7S1,480
2,428,282
2,098,650
2,447,339
8,728,180
3.699,415
5,219,401
t
1,973,070
2,955,801
4,127,878
Surp. 1,531,090
3,896,818
6,288,671
Surp.
3,922,916
4,402,543
70«„306
252,070
capital.
the surplus in the late quarter was only
$470,006, in the quarter just preceding it was nearly
much $1,377,084 and in the quarter pre-
TffE
—
—
three times as
MODIFIED PHILADELPHIA
d-
READING
REORGANIZATION PLAN.
two
The Philadelphia & Reading compromise reorganization
but scheme, lately submitted, is deserving of more attention
that is precisely the point that is overlooked just now. than it has yet received.
It will be remembered that the
Wall Street operators talk as if the difierence between the plan drawn up early in the year by the Whelen committee
ceding that was $1,000,920,
It is
true that these
latter usually constitute the best period of the year,
ended December 31 and that ended did not meet the approval of many of the general mortMarch 31 represented a positive decline in business to that gage bondholders of the road, and has been vigorously
extent, which must be expected to continue in the same opposed by Mr. H. W. Bartol, both because he deemed it
results in the quarter
whereas the truth is that though the outturn for the unfair to the interest of these holders and because it
March quarter is below the average of other March seemed inadequate to the requirements of the situation.
quarters, that quarter is always one of the poorest of the The position taken by Mr. Bartol was much the same as
In illustration, take that assumed by us in criticising the plan, namely, that in
four that go to make up the year.
ratio,
the preceding
fiscal year.
In that year, though the surplus
view of the inherently strong position of the mortgage,
December quarter was $1,837,329, in the better terms could reasonably be asked for. The agreeMarch quarter it was only $1,096,698 a difference hardly ment now come to, is the result of conferences between
It follows, the two committees, and it may be assumed that as Mr.
less striking than in the present instance.
therefore, that to take this March quarter, and multiply Bartol heartily advocates it, it is the best under existing
by four, and say that New York Central is earning only circumstances that the general mortgage bondholders
2 per cent per annum, is a method of calculation the should insist upon.
It will
reverse of correct and unsupported by experience.
The main objection to the old or managers' plan was
be seen by the above table, too. that though the March that it subordinated the interests of the general mortgage
quarter now is poorer than any other given, yet in the bondholders to the interests of the floating debt holders,
quarter ended June 30 ,1884, the result was almost as bad. demanded large concessions of these generals, and substanThen the surplus was $733,813, but in the next quarter, as tially nothing of the holders of junior securities, and pracThe generals
already said, there was a recovery to a surplus of^$1,0 00,. tically continued the old status of affairs.
The were to fund half their interest, while the holders of float920, and in the December quarter to $1,377,084.
June quarter was the period of the May crisis. "We do ing debt were to get interest in full. This we regarded as
not know that any better result than then recorded can manifestly unjust, and so stated. At the same time, though
now be expected; but as compared with the late March the holders of junior securities were to take incomes in
quarter there is perhaps hope for some improvement, since place of their present forms of indebtedness, such a procethough general conditions have in no particular changed, dure effected substantially no change in the order of their
yet there is not the drawback of extra expense from snow claims on earnings, or the relative priority of ^heir claims
and ice.
on the property, so that the generals were the only interest
Besides the results of traffic operations, the items of that was to yield anything of importance. The modified
current liabilities and assets in the company's balance plan avoids many of these objections, and evidently seeks
The company had only to deal justly with all interests.
sheet possess some interest.
$479,627 cash on March 31, against |2,371,755 on DecemAn outlioe of the new plan was given in our investors'
for stock in the
—
(J,
ber 31, but the latter represented merely the accumulations column last week, and its principal feature we regard- as
needful to meet the January interest payments, which are consisting in its method of dealing with the floating debt.
always large.
These having been made,
naturally correspondingly smaller.
in the different items call for
the cash is
Otherwise the changes
no particular comment.
find that allowing for accrued interest the
We
company has a
gross floating debt of $4,655,213, with available offsets to
This floating debt
is
really the
most troublesome problem
company's condition. With it disposed of, a reorganization would be a comparatively simple matter.
in the
It is
the aim of the
new plan
some actual cash, and
That seemed the
But how was the money
to get
thus reduce the amount of that debt.
amount of $4,402,543, leaving the net debt only $252,670. only wise course from the start.
Bat in this no account is taken of the dividend which fell to be raised ? Certainly not through the general mortdue April 15, which would increase the gross debt to 5^ gage bondholders or at least not solely through them.
millions, and the net debt to a little over a million.
The They had abundant property back of them, and could
following are the figures at six different quarterly periods
protect their interests by simply proceeding to foreclosure,
in case other interests did not concede them what was
Floating ^abilitie^.
On the other hand, foreclosure would destroy the
just.
Funded
Interest
Wages,
ntui
iDividends
Due
Other
Debt.
value of the liens subsequent, and thus as a matter of
Supplies,
Accrued,
Floating
Unpaid.
Roads.
Ac.
Sec.
Debt.
self-preservation, as well as of right, it was incumbent
—
*
Dec.
31, 1883.
Mar
31 18»4.
50,208,878
50,208,878
•7,500
•7,184
J'neSO. 1881.
8ept.W. 1881.
50,206,553
•6,865
66,806.558
021.858
Doc
31,
18M.
511,006,553
1,531,861
Mur
31. 1«85.
58,80fl,.'553
920.880
t
bonds and stock to
raise the
*
46,257
I
2,862,508
1,841,285
4,767,550
45,728
45,392
51,522
61,522
51,408
2,610.747
2,990,7sl2
5,654,451
money necessary to
+8,035,051
1,739,903
7,827.291
end an assessment of such holders was the only safe
The new plan recogexpedient that could be adopted.
nizes this and provides for an assessment of $10 per share
on the stock (20 per cent), and on bonds 20 per cent oo
t
951,599
3,(186,811
2,263,360
1,713,022
6,582,265
2,079,524
1,591,431
4,655,213
1,757,885
• A'jcrued interest not brought into accounts prior.to Sept, 30, 1884.
t including a 13,000,000 loan.
upon the holders
of junior
rehabilitate the concern.
And
to this
II
..
>UT
10,
T5B (JHRONICLR
1886.]
tLe debentures and oouvertiblus, 10 por cout on the
finit
and 5 por cent on iho incomes
hthI
and second
adjtistniont
console,
The assessments
scrip.
(for
whicli
inconui
mfi
present doproBsod 'state
nearly
all
Um
of
mawcd,
Mcurilius
privilege oflered,
bu«!rioM, thai
a'
aoo*pl a
an.l
n--
oivoa of
.;„
.,>wn of
the
tbeir
bonds are to be given) arc heavy, it must bo admitted, holdtngs rather than pay actual cash V In that eaae, how
and the remedy a heroic one, but it seems the only way would the floating debt bo provided for ? Wonid not dft
out of the present xinfortunato condition of affaii-s.
holders in any event wait till the liwt moment before ^(A
Through these assessments it is expected to raise
fying their intention to pay cash and would not tbat^
1
million
With
dollars.
this accomplished, the
dealing with other interests would
Besides, the
of- 10
new plan provides
millions,
which
it is
be greatly
matter of
siraplilii.'d.
for a collateral trust
expected could, with the
Perhap* a shorter
?
liiuit
Ip
the option might avoid this difficulty.
loan
collat-
cause great delay
likely to
1
Assuming then that the plan will be gncceMfol, it will
e interesting to see the position as respecta charges and
company has
to oQer, bo floated without much earnings, the company in that event will hold. Junior secorilwould be much easier to negotiate tios will of course all be redvKod to incomes, as provide^
a 1 million loan than one for two or two and a half tiuios in the original scheme, and the other reductions tbw/s
Then as to the floating debt itself, it is pro- mentioned we may also assume will bo made. The CentMl
that amount.
vided that interest on the same, or on any loan created to of New Jersey may be entirely disregarded both in earndischarge it, shall have priority of interest over the general ings and charges, as there ia apparently no disposition to
mortgage no longer than three years, and the preference allow that road more than its own net earnings. Hence
eral
the
diflSculty.
Certainly
it
extend only to such part of the debt as
is secured by
roughly the following would be about the status of things.
an income sufficient to meet the interest or Net earnlDga late flseal year, entire system
$13,330,394
Less earnings Central of New Jonoy
4,445,080
"such other collateral as are important to be retained by the
shall
collateral yielding
" companj'."
With reference to the general mortgage, we do
any change in the original plan'
interest.
There is
but one allusion bearing on the matter, and that supports
not understand that there
is
asking bondholders to defer half their
idea, namely, the provision that " securities issued
" for deferred coupons shall be payable within five years
this
"from the maturity of each coupon." But it is to be
remembered that to consent to funding coupons under the
present arrangement
Now
CommitteePermanent
$233,156
Cbargea dependent upon earn'gg. '2,375,216—
—other
the generals will
If
but other interests will not be exempt.
casli
wore raised,
wouM
8.223,171
$327383
interest
on a correspond-
be saved, vlilcb at 6
60!).000
So tbat on tbat basis there would be n surplus of
*
concessions'
10 millions
ing amount of floating debt
per cent would equal...
interests prac
make
2,008,402—
Surplus above obligatory Interest
Then
the general mortgage bondholders were the only ones
asked to make substantial concessions
98,I>50,5M
500.000
Actual net earnings
Total fixed oliarges Uist year.. $16,751,780
Less Jersey Central rental
5,920,2 13— $10,831,573
Deduct reductions proposed by Wheien
a vastly different thing from con^
is
senting to fimd them under the old arrangement.
tically nothing.
Net camlngH of Reading proper
Ijem Interest and dlvldonda on stocks and bonds owaed..
$827,31)8
Including half interest on general mortgages.
The above
Nearly
all
is
approximate,
the figures
it
should be understood.
we have seen
differ in
some
mJiior
There is to be a
particulars
sometimes to the extent of $100,000. The
general assessment of junior holders and stock, and the
statement shows that with the floating debt reduced bV
floating debt is to be got rid of
in fact, it is expressly
ten millions of cash assessments, and junior securities
stipulated that " assent to the plan shall be conditioned
made dependent upon earnings for their interest, and half
"that sufficient money be raised to pay oil the floating
the coupons on the general mortgages funded, with cer"debt." Besides, the general mortgage holders are to have
tain rentals reduced as proposed by the Wheien committed,
the appointment of an auditor, who will examine the
there would be a margin above obb'gatory charges on tfte
accounts of the company, "judge of the propriety of
basis of earnings in one of the worst of years of $827, 00().
charges to capital and expense," &c., and they are to have There are other cases, however, where reductions of renttwo representatives on the reorganization committee of als can be asked for and enforced, besides those already
seven, the other five representing foreign creditors, junior made in the Wheien plan, and these the new plan apparently will attempt to cover, for it is stated as part of
holders, and stockholders
four out of the whole seven,
the plan that " further reasonable concessions shall be
however, are to be appointed by Messrs. Borie and Bartol, " demanded from companies and individuals not entitled
subject to approval by the Wheien and Bartol committees. " to rentals, &c." To just the extent that further reductions
Another commendable feature of the new scheme is that of this kind are made will the above margin of $827,000
the stock of the Coal & Iron Company is to be redeemed be increased, and the probability of further embarrassment based on inability to meet fixed charges be removed.
and "placed beyond the power of the managers ever
"again to use as collateral."
—
—
—
But while approving of the general features of the
amended plan and the treatment
of the various interests-
^oes it not seem as if the time in which the scheme is to
be carried out is made unnecessarily long till May 1,
That is to be the extreme limit, to be sure, and Mr.
1886.
—
Bartol states that
signify their
again
the
time actually granted holders to
assent, will
probably be
much
less.
Then
may
not the proviso in the section with regard to
assessments make trouble which says that instead of paying cash, "the holders of the several classes of bonds" and
" stocks herein enumerated shall" (if they so elect) " sur
" render a corresponding
"holdings."
amount
in value of. their respective
Mr. Bartol informs us that the proviso was
BATES OF EXCHANGE AT LONTION AND ON liONDON
AT LATEST DATES.
SXOBANei! AT LOKDOS-Hay
On-
1
Sait.
ntiM.
JIXOBANeX OS JjOMDOS.
LaUtt
OaU.
miM.
Aiupterdain
Sight. 12 2
• 12-4>3
«123
Hamburg..
3 mos. 20-H7
»20-7t
May
May
May
1
siiort.
Berlin
Frankfort. .
2007
• 2072
.May 1
3 mos.
May
May
Short.
Amsterdani
Vit-nna.
8 moB. 12 4
20-68 a-.iO-72
12-75 »12-8U
12-75 *12-80
25-58%»-'5-63!<«
..
Trieste...
Antwerp.
V2«22>4
Petersb'g
Short. 2.^33%^>^5-38%
Paris
3 mos. 25-.'i2>s»Z3-57'«i
Paris
26-92i4*'.;5-97»a
Genoa
8t.
Madrid
453gi«4S>i,
9^345 >a
51«is9&l»l(
Cadis
4.'i
l.j8l>on
Alexandria
it was thought it would be a hardship to
Constaiit'ple
dem'nd
some small holders to make it obligatory on them to pay Bombay
Calcutta
cash which they do not possess. That is a good motive, but New York... 60 days
Hnng Kniig. 4 mos.
what is the reorganization committee to do if in Uu3 OhanebaJ.
inserted because
.
ls.7Bi6-ls. 7»sd
U.7'i«-l«.7«id
Hay
May
1
Short.
1
1
I
1
1
Ifay 1
May
1
May
Hay
May
May
Hay
Hay
Har
May
May
Hay
May
1
Mav
1
Check!
I
1
1
Short.
3
mofl.
1
I
1
3 moa,
1
tel. tslk
1
1
1
GO days
4 moa.
13-13
8
:
.
THE CHRONICLE.
586
[From oar own oorresponaent. 1
[Vol. XL.
Proporfn of reserve
London. May
1885.
2,
violent changes
The past week has witnessed some rather
of opinion as to the prospects of peace or war. It was at one
time affirmed, but since contradicted, that the Russians were
inarching on Herat and war was then regarded as certain.
To-day it is stated that the Penjdeh incident is to be sub-
mitted to arbitration, and that the Czar is earnestly desirous
maintaining peaceful relations with this country. From
indulging in very gloomy apprehensions we are now in a
more cheerful mood, hoping for an amicable settlement. But
the truth of the statement has yet to be verified, and it is
still uncertain whether this is not another pretext to gain
time for the completion of arrangements. Opinions in fact
differ from day to day, and almost every report attains a
319 p.
Oonsols
Bae. wheat, av. price
Mid. Upland cotton..
igas
If 8 1.
4bJa
2iap. o.
1S8.5.
.50-79
toUabiUttes
Bank rate
o.
96<1.
36r. 8d.
5»94.
Pi^d.
1882.
34'
3
43
3 p.
n.o.
0.
lOiagd.
loam.
101%d.
378. 2<1.
5>liad.
S'sl.
42«. od.
S^igd.
458. lid61, «a.
lOd.
.<fa 40 mule twist....
lod.
Caearinii-Houseret'n. 103,259,000 122,763,000 131,094,000 147,370,000
The Bank
rate of discount
chief Continental cities
and open market
now and for
rates at the
the previous three weeks
have been as follows:
O'.
amount of credence. It is however significant that in
of the more peaceful rumors now circulating war
certain
spite
are being pushed forward with much vigor.
Possibly the peace rumors may assume a more tangible shape,
but experience has taught us to be extremely shy of Russian
promises, and it will not therefore answer to be too sanguine.
preparations
Rata of
M»nttat
Paria
Berlin
S
FranlLfort.
4
4
Op*a
Market
S
Brussels
8
Uadrid
Vienna
4M
4
4
SH
2M
2»
*H
4
Petersburg..
6
Oopenhacen
Messrs. Pixley
23.
Bank Optn
BaU. Market
S
4H
Hambars
Amsterdam
St.
Apra
April SO.
Batik
Bat*.
16.
Bank 0pm
BaU. Market
a
4
4«
4)4
4
*}*
4
4
*H
4
4
S
8
ZM
«i
*H
*H
4M
4
4
4
8
4
6
3«
8^
& Abell report
Apra
4MI
8
3
a.
Bank OVM
BaU. Wartut
8
*ii
8
3«
Apra
2M
4
*H
tH
SH
B
itH
3
4M
2M
4X
4
Vt
8
4
8
4
as follows on the state of the
of commercial affairs has not varied. bullion market
Gold.—Since our last of the 23d. the Bank has reoeived Rold to the
ephemeral activity is imparted to those industries amount of
£342.000, of which £20:i.000was in sovereixus from Aus"which benefit by war, but the aggregate volume of busi- tralia, £30,000 has hoen taken out to day for Lisbon. There has been
no rtemaud for export to speak of. only a'small amount (£10.00t>) goini;
ness must suffer.
Trade is, indeed, more or less para- to India by the Pt-ninsula & Oriental Bteamer. Tne Kimuiaka from New
Zealanil brouitht £61,000, the Shannon fnim Austr.tlia brought £195,lyzed. There is no real confidence and the existing sus000, the Nile from West Indius brought £2U,000, French steamer from
pense is caU'ins; almost as much mischief as actual war. Central America brought £33,Oi)0.
Silver, wbich we quoted lust week at 49isd., rose on the 28th Xxt
Indeed if hostilities were to break out a feeling of relief might 499i.d., and yesterday to 49581.. and small amoauts were sold at both
supervene as the worst would then be known, whereas in flijures. To-day we quote 49 "ad., the price having risen owing to higher
Indian exchanges, and the price paid for telegraphic transfers to India.
know The Ravenna takes £l7t>,000 to India.
present
impossible
the
uncertainty
it
is
to
Mexican dollars are tirmer. in sympathy with silver: but in the
what a day may bring forth. But for this Anglo-Russian dis- absence
of supplies we are unable to K've any quotatijna. The arrival,
per
Royal mail steamer Nile, was sold at 46'4d.
spring
we
might
with
confidence
that
this
pute
have assumed
The quotations for bullion are reported as follows:
would have witnessed some improvement, as trade conditions
were not otherwise unfavorable. The agricultural outlook
Pri«o/ Gold.
.Ipr. 30.
Apr. 23.
Apr.iS.
Price of SUver.
.4pr. SO.
was satisfactory and there is a plentiful supply of money, the
•.
•.
d.
d.
d.
reserve of the Bank of England being fully 50 per cent of the Bar (told, flne.. ox. 77 »
77 »
Bar sliver, flne. .OS. 4^
*»ii
Bar gold, conUlo'g.
Bar sllver.containliabilities. At the same time very little is heard of impending
20 dwts. silver. 01. 77 lOX
lng5gT».gold..o«. 50J4
T7 lOH
*ni
heavy failures, or indeed of serious difficulties except
gpan.doubloons.ot. ... ...
Cake silver
oi- 63 13-10
835*
among those firnis which have suffered from the heavy depre- S.Am.doubloons.os.
Mexican dots. ..ox.
48)4
ciation in produce. It is also a fact worthy of attention, and
The insurance companies have been very brisk during the
which the Chancellor of the Exchequer alluded to in his Budget past faw days in arranging war risks, in view of possible hos-
The general condition
A certain
It.
speech, that the total of the savings' banks' deposits had
increased during the year £3,000,000. This is clear evidence
that the working classes kave not been doing badly during the
past twelve months. They certainly have had the advantage
of cheap prices for the necessaries of life, while the National
Drink
has been diminishing. The tendency of late years
appears to have been towards a more equal distribution of
capital, and the pinch of the depression has told more heavily
upon the monied than upon the laboring classes.
Money has been plentiful and very easy. Nothing but the
political situation keeps the Bank rate at 3J^ per cent.
There
is no otner reason why it should not be reduced to the same
level as last year— namely, 2}{ per cent. Day-to-day loans are
offered at ^^ per cent premium without finding borrowers, and
there is very little life in the discount market. This week's
Bank return is very favorable. The reserve showed an increase
of £830,143, bringing the total up to £18,033,000, while in bullion there was a- gain of £980,000 the total being now £38,873,.
The proportion of reserve to liabilities is 50-79 per cent
000.
The following are the present prices for money.
Bill
Int^at
Optn market rata.
Bank BUU.
Lemio»
s
TItret
Hantlis
Itour
•'
17 a\i
M
m*
-
IV<Kl< BiU>.
1
Thru
Six
Fotkr
i
Joint
Stock
Six
"r^
M
'
'^"
7 to 14
Vonthi Montlu Ifontha Months Vontlu Banki.OaU. Diva.
s a - S » -SH»3ii^^i3^3H93H
2-*
sa'aii-iH
Umt.n s« SK« Apr. 8 SH «»• - 2>«a - 2Hi 10 a^t an* - aN»2M 2H# —
"
aJioiDed
far depotltj by
€
3
3
3>*a2j| «J<®2J<3
» - 2><»3
nam
3
gjj»3
nom J^nom
« -3 »SHaii* -
2^
2«'2K-2J<
2S<
2X2M2«
2«
2
|2M2«4
iH* -i» «-2Mav»3 <a3H3M*sH 2^
2H 2M 2M
2V«'2«2J<
*?y_i »H JSia-^M 2H9 - i!j<9-2HS8J<2J«*3 l3K»3?li 2«
The following return shows the position of the Bank of
•'
S-,
->«#»«
Bank rate of discount, the price of consols,
the pri -e of middling upland cotton and wheat, and the Bankers'
Clearing House return, compared with the three previous years
Eingland, the
„
1885.
OJronlatton e^cludln?
M
7-dar & miier bills. 24,591.250
Pabllc doiHwlts
8. -(HUMS
OUier(lepo!>ir«
2»>.45l,016
OoTenuii*t8cM!arltlea. 14.40».i>i5
1884.
«
1883.
a
1882.
*
25.750.283
7.174,ail
2B.2K9.72">
25.511 910
7.035,850
24,-25"..<73
23,'>3i.223
5 ll!).ii3
23 3 9 972
12.136.2'J2 14.3U.Hir l:< 391 213
Other seonritiM
20.751.276 21.4Rl.lin3 2f,6li.31» 20 738 S<6
Bea'veofnotes Aooln 18,033.997 15,3^5,U17 10.4I>1,152 12.4 < 1,01
Ooln and biillloD In
boUi departaiaaU.. 26,378.2'17 25,326,902 81.010,877 23,272,928
with Russia. It is understood that nearly, if not quite,
the whole of the ships of the following companies have bfien
insured against possible destruction by Russian cruisers. The
P. & O. Campiny. the Castle Line, the Dacal Line, the City
tilities
Line, the Guion Line, the Glen Line, the Orient Company and
the ships of the Telegraph Construction Company. The premium was 15s. per cent. The Royal Mail Company have not so far
thought it necessary to insure their ships. The Russian merchants are naturally anxious to insure their produce against
the stronger probability of capture by English vessels, and
large
amounts have been placed
at
premiums ranging from
guineas i)er cent.
The Chancellor of the Exchequer has just had to go through
the disagreeable task of presenting one of the worst budgets
the House of Commons has received for a long time. He has,
however, succeeded well in his thankless duty, and notwithstanding he shows a deficit only little short cf £15,000,000, the
amount of adverse criticism is comparatively small. Our little
wars and preparations for big wars are certainly very expensive luxuries, and the sooner an era of peace is inaugurated
the better will it be for the British taxpayer. Mr. Cbitders
has, however, made the best of a bad situation, though he has
not escaped the unpleasant duty of augmenting the financial
10s. to 5
burdens of the already grumbling Briton. Satisfaction was
expressed at the announcement that all additional taxation was
not to be placed on property. It is quite fair that that portion of
the wage-earning community which pays neither income tax,
house tax, land tax or assessed duties, but which forms the
majority of the present electorate, and will form a still more
important aggregate of the future electorate, should be called
upon to pay its fair share of the national expenditure. Besides,
if a working man be a teetotaler, the proposed new fiscal
arrangements will not affect him. However, to return to
statistics, the Chancellor of the Exchequer showed that for
the year 1884-85 the expenditure exceeded income by
£1,0.)0,000, and it would have been greater had not the income
tax come in exceptionally well. He demonstrated that since
1830 the national debt had been reduced by £72,800,000. Turning to the finances of the new year he estimited the expenditure at £88,873,000, exclusiTe of the recent vote of credit. Paae-
r
.
Mat
16,
THE CHRONICLR
1886.1
inK on tot he estimated revpnup, he placed Hon the buteodaiit
ypar'8 araW of taxation at £35,140,000. This shows a deflolenoy
of £3,73J,0O0, to whiith may Im added probable supplementary
vote* of £200.()(H). making, with vote of credit of £1 1,000,000, a
loesof £l'l,03'J.OO0, whiuh lias to be made good by freeh taxThe tir-it propoHal wa-i to increase th(> income tax to
ation.
8d. in the nound, by which it is believed £"), 100,000 would be
lie hIho proposes to deal wiili the death duties by
Becureil.
aosimi'ating the incidence of the tax on all property, whether
real or peraonnl, and by'iiuposiing an equivalent duty on corBy this extra revenue £200,000 in the
porate property.
first year, £400,000 In the second, £,"500,000 in tho third,
£700,(500 in tho fourth, and finally £850,000 ia expected to
5 per cent dutv on the income or corporabe reached.
tions is proposed and expected to yield £156,000, and an
imposition (if a lOs. per cent stamp on bonds and foreixn
Becuriiies. instead of Ss. 6d. per cent as at present, is expected
to give £100,000. Tho duty onspiiits is to be raised 2s. per gallon and that on beer Is. per barrel. By the former extra revenue (stiniated at £900.000 is calculated upon, and from tho
The limit of tho Is. duty on wines will ho
latter £"50,000.
advano d f roin 126 to 30 deRrces. This brines the total sum to
be raised by taxation up to £7,500,000, leaving a deficitof £7,432,0008iill tobedealt with, of which £4,000,000 will Ix; obtained
by intercepting the action of the sinking fund of the National
ifcbt of the year. There will, however, still remain a deficit
of £2,812,000. which will be met out of the sinking fund of
1886-7. Mr. Childers' speech was well received throughout, tho
leader of the opposition remarking that he had listened with
painful interest to the Chancellor of the Exchequer, but with
a full sense of the difiiculties of the task and of the manner in
which it has been carried out. Possibly when the discussion
comes on there mav be some opposition to the increase in the
spirit duties, but it is generally anticipated that the budget
In some quarters it is
will bo accepted without amendments.
thought that it would have bgen better had the duty on tea
been raised and the deficiency thus entirely got rid of. However, what we liuve got to do this year is to raise in revenue
A
something
What we shall have
like £100,000,000.
do
to
ulti-
mately, should we really go to war with Russia, must be left
to the imagination, but the prospect is not briglit.
Rather colder weather has been experienced during the
week and vegetation, which had been making rapid progress,
has been checked by easterly winds. Agricultural affairs are
however still well forward for the time of year, and generally
present a healthy appearance.
The wheat trade has moved in an undecided manner according as fears of war or hopes of peace have been in the ascendant. During the earlier part of the week the tone though
quiet, ruled firm and full prices were reached. Later on the
hardening tendency was more distinctly developed, and at the
Baltic on Thursday, when the report of the Russian advance on
Herat was circulated, a rise of Is. to Is. 6d. per qr. was quoted.
But this reported advance being contradicted the trade became quieter and more peaceful rumors being abroad towards
the the end of the week the trade ultimately left off quietly
It is impossible to speak
and with somewhat less firmness.
with certainty as to the future course of 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 and the sales of home-grown
produce lor the same period, compared with last season:
,
»»<
Bacllah HartMt
r» f CNiM*.
The dally oloaing quotationa for Mottntlea, Ac., at Loodoa*
and for breadstuOa and provisioaa at Lirnpool, ai« raporMi
by cable aa follow for tha week mMag May 15:
London.
Wheat
Barley
Oats
Peas
Beans
OooaoU for aoeoant
PKeh rente* (In Parli)
U. 8. 4>««of 1801
U.S. 4* of 1907
Canadian Paotflo
Indian
Flour
com
11.40.S,M27
7.717.065
1,122.169
1,613,085
17,H6?,735
10,010,175
11.010.818
1882-3.
4'?,543,067
11,881,618
9,582,610
1,425,472
1,78S.395
12,582,068
11,612,783
1881-2.
40,344,200
9,128.415
6,112,612
1,150,748
1.129.0U
13.952 3 38
6.164,312
Supplies available for consumption (exclusive of stocks on
September
1)
in thirty-four weeks:
1883-4.
1884-5.
A 8t.
Pblladelphla A Reading
Xew York Central
73.106,514
73,864,116
81,033,652
in the following statement:
Sales.
d.
«.
Wheat,
Av'ge
Prict
:,9.1;<.H24
: d
Av'ge
PrUt
..
1884-5.
owt. 30.500,850
138 li
128%
I2M>fl
AS'*
55 Hi
7H
I
80
BeU.
Mon.
d.
6
d.
"
7%
^H
7H
881s
88%
71
10^
10\
128 >•
I28>t
z*,4>a
68 >4
lO^t
Bft
134i»
8e>«
7%
84^
Tutt.
Wm.
Thwn.
4.
d.
d.
a
8
s
1
86«t
1
I
I
7«t
••>•
'
tri
o
1
»
1
1
4
4
4
4
4
1
1
1
1
1
8>t
8H
HH
8^
1
8«t
H>1
O
S"
O
3
o
O
6
6
6
8
Imports and £Ixforts for tub Week.—The imports of laat
week, compared with those of the preceding week, show
an increase in tK>th dry goods and general merchaadiae.
The total imports were $6,020,940, against $7,890,894 the preceding week and $5,793,098 two weeks previous. The exports
weekended May 12 amounted to $7,103,216, afi^nat
week and $5,817,570 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) May 7 and for the week ending (for genenu
for the
16,255,308 last
merchandise)
first
May
8
also totala since the beginning of the
;
in January:
week
rOKIIOH IMPOKTS AT ICBW TORK.
rorWulc.
1883.
81.382.414
7,915,157
• 1.425.098
8,013,833
$:, 706,6 17
6,766,168
810,075,033
88,472,805
99,297,571
$6,020,940
$54,182,351
134,490,553
«50.3 15,201
120,583,587
847,496,759
118,630,066
»39.0'>7.067
OryKOOds
Total
1889.
1882.
2,031.198
aen'Imer'diae..
1884,
4.5'J5,844
aine»Jan.\.
aen'Imer'diae"
101,125,418
Total 19 weeks. fl88, 652,907 $170,903,788 $166,126,825 «1 40,222.483
In our report of tho dry goods trade will be found the imports of dry goods for one week later.
The following is a statement of the exports (exclusive o(
specie) from the port of New York to foreign ports for tfaa
week ending May 13, 1885, and from January 1 to date:
Porthe week...
Pfev. reported..
$6,478,956
125.961,685
86,227,259
112,130,560
1883-4.
29,550,182
The following
at the port of
29,847,503
25.401,470
2.911,000
292.000
l,9«<.000
Jfti.WiO
267.000
2,276,000
244,000
qn.
322,000
226,000
1.52,000
2^^1.0110
114.870,907
shows the exports and imports of speci*
for the week ending May 9. and
1885, and for the corresponding periods in
table
1,
SPBOIB AT
Qoia.
tSinceJan.l.
Week.
Ireat Britain
HBW
TOBK.
Importl.
SxportM.
Wetk.
ainetJ<M.X.
«
9255,100
8239,600
1,412,991
9,562
i^anoe
3,0 13.055
Germany
Vest Indies
250',706
tfezloo
Twtal 1885.
Total 1884.
Total 1883.
Biiiam
........
....
.... .... ...
'
19,896
tiexloo
Total 1885.
Total 1884
Total 1«B3
S488,25'<
20'<.4.'<4
\SS
«7fi
94.860,114
5,380
500
3.3I0,M»
139,8.1
4.73 (.827
5,b90
•
95,267.858
202, 4TS
7!*. 177
174,677
9....
924,339
7.603
3,24U
35,7»4
79
40'i.524
900
138^589
16t.75S
244.580
5,50S
96,121.943
5.389.364
"937.537
67.778
1.588.9S8
5.'<»7.2rtl«
40.72<i
l.«<'7.e»»
4,235
tooth America
Ul other ooon tries.
• 46,9,'^A
40,575
143,625
130.460
9i90,3n6
51.779
15,000
9454.50
13,860
500
289,311
17.814
133.473
8.471
4,719,923
Silver.
German.
Vest Indies
1881-2.
87.102,21 e
New York
XPOBTS AKD IMPORTS OP
1
1882-3.
84.806,350
102.446,478
rotal 19 weekg. «ll8,357.819'tl32,410.621 8107.252.828 fl21.973.123
iTttkt
totals for the
1885.
1884.
1883.
1882.
Prance
Flonr,equaI to nrs
00<.0
70S
<na% na%
©ommevctal and pUsccXXaweawa ^etvs
5
The following shows the quantities of wheat, flour and Indian
passage to the United Kingdom:
1883.
Lati year.
Atprenent.
L ft week.
qni. 2,9
im
70%
mix., old... "
mix,, now.. •'
Pork, We«l. inei«i..^f bbl
Baoon. long elnar
Beef, pr. mean, new,V tc
[iard. prime West. 9 cwt 36
58
Oheeee, Am. oholoe
4
com on
Wheat
124 >«
34 >«
70'e
lOlC
Com,
Oom,
rf,
9 2,010.140.39
31
Converting quarters of wheat into cwts., the
whole kingdom are estimated as follows:
Wheat
Sale*.
I,721.983'41
6ld.()05.67ll32 4 1,H13.9U'34
22-1,33921
246,51 6 19 111 2!>',685ll9 11
2.126,421 31
qrs..
Barley
Oat8
88 >4
8outh America
4.11 other oouo tries.
1882-83.
18 = 3-84.
1981-85.
it'ge
Price
88^
m
7l\
fW.
M
M
88
I,
rionr (ei. Btat«).10O lb. 10
7 16
Wh<wt,No.2,8|ir'g "
7 1
Winter, West,, n "
"
4
Cal.. No. 1
72,113,018
of the sales of home-grown wheat, barley and
oats in the leading markets of England and Wales during the
first thirty-four weeks of the season, together with the average prices realized, compared with the previous season, are
Sale:
4«%
88
70
t.
Mnce January
1884 and 1883:
1881-2.
1882-3.
The extent
shown
n«rf.
09
B514
lAvtrpool.
C»L, No. 2
Wmt.
4»>«
0ft|«
98H
H>«
128H
Pennaylvanla
Imports of wheat. owt.R2.191.><76 34.305,789 42,543,"fi7 40.541.206
6,161,342
n.01i>,818 10.010.175 ll.fi4-',785
Imports of flour
29,550,132 29,84',800 25.404,470
Bales ol home-grown. .30.5jO,8
Total
4»ifl
0»I,,
«9».,
70-47>» 7n-97'i 80 36 7B-aA
115
iin
114^ II4'«
124 >•
124it
I24a«i
f
Paul.
Erie, common itook .
llUnola Oentral
('Uo. nil.
Turn,
4n-r,
d.
axpoBTS raoH hbw tobk roa thb webk.
1883-4.
34,303,789
1.220,';84
2,2'20,248
16.00.',0ll
Hon.
perM
OoMoU for money
SIlTar,
mroKTs.
19R4-5.
.owt. 32.191.870
10.779,291
7.180.411
687
•587.787
l.Voll wara
Of the above imports for the week in 1885, coin. Of the
American gold coin and $16,721 American silver
Anaatican gold ooia
exports during the aame time. $3,800 were
nd $6,500 American silver coin.
•
—
:
.
,
THE CHRONICLE.
688
FOKEiGN Trade of New York— Monthly Statement.— In
addition to the foregoing tables, made up from weekly returns,
we give the following figures for the full montlis, also issued
by our New York Custom House. The first statement covers
the total imports of mercliandise.
IMPORTS INTO NEW YORK.
1885.
1884.
General
Dry
tlmtTa.
Total.
Merchan-
Goods,
Qeneral
bry
dise.
13,598,890
t
26,308,814
t
89.907,704
28,175,206
81,304,001
89,573.030
35,646,728
11,897,824
11,319,42S
32,289,181
9,798,203
25,759,735
January....
lO.fOS.BOO
February
10,814,498
17,618,208, 28,457,008
18,630,82j' 28,845,3:30
10,385,689
25,201,030
e.262,984
23,996,497
..
Maroh
April
Total...
87,536,666' 125,208,537'
ST.071,971
EXPORTS FROM
NEW
Total.
Merchant
OooOs.
dise.
42,718,489
35,557.939
46,1 14,345 1 1 1 ,727.816 157.842,161
CUSTOMS RECEIPTS.
YORK.
At New York.
Total MerchaiidUie.
Months.
Months.
January...
February..
32.718,151
2(i,187,314
26,792.785
23,530,860
23,097,998
January
March
28,967,818
23,885,833!
April
23,715,450
....
April
Total..
109,538,701
.
February.
March
Total.
97.263.4811)
42,011,6611 45,104,448
—
U. S.StJB-TREASURT. The following table shows the reneipts
and payments at the Sub-Treasury in this city, as weU. as the
balances in the same, for each day of the past week
Balances.
Datt.
Paymeni$.
Seceiptt.
$
S
May
"
"
"
"
"
9.
11.
12.
13.
14.
15.
Total...
Currency.
Coin.
$
852.899 11
1,096,623 16
1,074,403 47
1,040,588 14 138,037,201
1,033,030 52 138,574,863
917.S30 31 133,617,918
1,099,413 50 138,373,758
633,979 71 138.637,366
1,494,719 72 138,259,411
7,033,2?0 03
6,334,601 90
1,205,319 18
1,848,099 16
9.i5,933 97
Central Pacific— Oregon
06 23,609,227 56
10 23,811.609 16
60 23,806 612 32
13 23,804,2-<8 40
91 23,903,323 07
79 23,91.0,963 94
—
&
California. It is announced
for the sale of the Ore^^on
California to the Central Pacific Railroad Company has been
decided upon. The arrangement is virtually a purchase of the
former by the latter, stock of the one being exchanged for
the outstanding stock of the other on terms not yet made
known. New bonds of the Central are to be issued in lieu of
the present defaulted Oregon bonds. This admits the Central
Pacific into Oregon on the completion of the unfinished gap,
and will complete a north-and-south line from the British
Columbia frontier to the Gulf of Mexico.
by cable from London that a plan
&
[Vol.
XL,
Oregon Railway & Nayigation.- The last conference of
Union Pacific and Northern Pacific officials was held in Boston
this week, but no conclusion announced, and another meeting
will be held in New York next Tuesdaj'^ or Wednesday, at
which time it is bflieved the matter will be finally settled.
Rochester & Pittsburg.— At Rochester, N. V., Mav 14,
Judge Angle ordered a re-consideratton of the Rochester &
Pittsburg foreclosure suit and ordered John M. Davy, the referee in the case, to present further proof of the disposal of the
$3,000,000 in second mortgage bonds which the dissenting
stockholders of the road claim were fraudulently obtained.
St. Louis & San Francisco.- At the annual meeting of
stockholders held in St. Louis the following directors were
elected for the ensuing year: Edward F. Winslow, Jesse Seligman, Leland Stanford, William F. Buckley, Jay (iould, Wal-
Horace Porter, C. P. Huntington, Bryce Gray,
Russell Sage, A. S. Hatch, Cliarles W. Rogers and R. S. Hayes.
199,175 sliares, or four-fifths of the whole, were represented.
ter L. Frost,
Texas & St. Lonis.—It is alleged that the plan for the reorganization of this railway recently formulated has been
rejected by the eastern and foreign bondliolders, and that they
have formed another plan and will in a few days petition
Judge Treat, of the United States Court, for an order of foreclosure and sale, and if this is granted they will bid in the
road, widen it to standard gauge and extend it to St. Louis. ,
Toledo Cincinnati & St. Lonis.— At Toledo, May 12, the
following hoard of directors was elected: E. R. Chapman,
Barret H. Van Aukin, Jr., New York: Irving A. Evans, Boston; James Irvine, W. E. Hackdon, Lima, Ohio; FVed J.
B'akeley. James E. Couden, Frank W. Bainbridge, Toledo;
William R. Patton, Charleston, 111. The board subsequently
held a meeting and elected E. R. Chapman, President; Wm.
S. Bliss, Secretary and Treasurer; also an Executive Commitmittee, consisting of E. R. Chapman, Irving A. Evans, B. H.
Van Aukin,
Jr., and William 8. Bliss.
There was a representation of 175,508 shares. No financial statement was made.
The pres'3 dispatch says: "The New York, Boston and Ohio
interests are now united and will proceed to put the road on a
sound basis. Its financial ailairs are extremely complicated,
but they will be disentangled, tlie gauge widened and everything done to make a paying road."
—
The Tontine system of life insurance again receives the
attention of Colonel Jacob L. Greene, of the Connecticut
Mutual. In his communication on another page the readers of
the Chronicle will find a vigorous and pointed attack on what
he believes to be a vicious system of life insurance. Colonel
Greene now supports his attack by figures drawn from the
reports of the different companies, and the discussion of the
subject which he has called up will not fail to throw light on
life
insurance methods.
—Messrs.
Speyer & Co., Mills Building, are oliering, at 101,
Pennsylvania Railroad Company 43^ i»r cent
collateral trustgold bonds, due in 1913, interest payable Jiub
Railroad^! lu New York State (Quarterly Reports.)— The
and December.
This is the remainder of the issue of
following abstract, showing the operations for the quarter
$10,000,000 secured by the deed of trust of June 1, 1883, and
ending March 31 in 1884 and 1885, has been specially comjjiled such a hmn by the Pennsylvania Railroad is of tlie clasa
for the Chronicle from returns made to the Railroad Comcalculated to meet with favor at a time when confidence in
missioners.
many railroad securities is shaken,
^A"". r. i. E. a West.—. -— y. r. jv. e. <« nart.--.
Reeeipls—
188.3.
1884.
Tlie Treasurer of the Stite of Connecticut offers, by
1885.
1834
Gross oamings
$l,235,.390 f 1,559,145 $1,524,467 $1,484,201 advertisement in anotlier column,
f 1,740,000 of Connecticut
Operali-ig expenses... 3,337,748
3,974,602
805,088
913,901
State bonds, bearing 3 per cent interest, and maturing in
1910.
This loan is one of the choicest class, the bonds are
Net earnings
$367,842
$531, .343
$719,379
$370,303
$1,000 each, coupon or registered, and it is probable that the
Income, other sources.
151, 'i96
293,150
1,266
1,134
Proposals will be
competition for them will be sharp.
received till May 30, at 12:30 P. M.
Total net reoeiptg. $1,019,138
$377,093
$720,645
$571,737
Veduclifms—
M"8srs. John C. Graham & Co. cotton commission merInterest on bonds*
$1,151,372 $1,151,3481
$63,000 chants. No. 19 South William Street, New York, are well
All taxes
184,044
03,817
lC,6:i3
Eentals
370,752
267.006 f $204,947
69,863 known to readers of the Chronicle as one of the old cotton
Miaoellaneous
158,578
191,639j
They buy cotton on
99,5-a houses in New York and Selma, Ala.
commission and execute orders for future contracts in New
$3,960,000
—
—
,
!
Total deductions-. $1,764,746 $1,703,360
Balance
Def.$715,603 D»f$820,167
Del. Lack. A Wesl.
Leased lines.
Iteeeipis—
1883.
1884.
Gross earnings
$1,027,795 $1,0-5,304
Operating expenses...
526,174
636,274
—
.
Net earnin.gs
Income, other sources.
501,621
Total net receipts..
Deductions —
$502,374
Interest on bonds*
All taxes
Rentals.
$204,947
$515,6J8
,
-Ogrlens. d L.
188.5.
$58,706
81,583
$390,030
$39 >,030
$
43,900
500,434
20,194
436,484
Champ.—.
1884.
:
$3,531
$42,182
7,000
Miscellaneous
York and Liverpool.
—Mr.
E. A. Angier, attorney
business wliich merchants and bankers place in his hands.
His business card will be found in the Chronicle.
Messrs. Stewart Brown's Sons, stock brokers, have just
removed from 38 Pine Street to 64 Broadway and 19 New
Street, where their many friends and customers will find them
in large and comfortable offices.
—The Homestake Gold Mining Company has declared its
eighty-fii-st dividend of $37,500 for April, making $3,756,350
the stockholders have received to date.
—
10,707
Total deductions.. $346,384
$305,678
$59,889
Balance
Def$44.010D(!f$113,';43 Def$3],358
^N. r.
d! Northern.—.
^Bos. Hoos. Tun. a IF.-,
i.!.
^
av Iteeeipts—
188.3.
1881.
1883.
1884.
wross earoinga
$88,213
$67,677
$101,225
$91,477
Operating expenses.
82,037
78,123
120,070
lOVi.lOo
:
Auction Sales. The following were sold at auction lately
H. MuUer & Son.
by Messrs Adrian
"'
Shares.
•
C
Net earnings
$-l,2<:i6
I'eductioiis—
Interest on bonds*....
All taxes
Rentals
Miscellaneous
Def. $10,451 Def.$13,S15
$60 075
2,960
7,612
$23,000
4,200
Det.$7,628
$
3.6o6
""'
IS NorfoUt
&
common
Western RR.,
$5 per share.
1 South Carolina
RR
.+5
400 Dps Moines Valley RR. $20
10 Cliemical Nat. Bank. ..2,5 = 5
158
51 Union Niitioiial Hank
$660
100 Grand Rapids & Ind
20 Real K<t. Jixch.
&
Auot'u
Room, limited.. ..10234-103
40 NortU River Ins. Co., $25
eacb
10 Renl Eat. Eich.
lea's
«
.$70,917
$70,647
$29,200
$3,000
Def.$64,7H Def.$Sl,098 Def.$45,045 Def.$10,«28
102%
iV Pioport'ou for the quarter. Whether paid
106 Cbat'mN it.Bk .$23 eacb. 148 "a
24 Cent. N. J. Land Imp. Co. 5
Botuls
$10,000 Selma
or not.
£B,
Co.
Rome &
Bonds.
$2,500 Cent. Ti ust Cn. cert,
lor Kan. & Nob, KR. Co.
second mort. bonds
47^
$1,000 Norf. & West. RR. Co.
delienture bonds
63
$1,000 Chic. D.mv. & Vine.
RR. Co. 7 p. 0. mort, bd..
due 1893
$1,000 CJu. Col.
RR.
$25
Hock. Val.
M. Gperct.
due 1922.. $200
&
Co. 1st
gold bond,s.
$150 Norf.
Aucl'n
Room, limited
Total deductions..
Balance
$30,075
3,750
7,09Z
and counsellor-at-law in Atand will attend to any
lanta, Ga., practices in all the courts,
—
;
^7,123
1,408
753
$
$'.'51,017
$320,720
Dalt.
2d mort. buud8.$21
.fewest. B.iUwii.v
Co. dlv. scrip
85
J. Land Imp. Co.
^28 Cen. N.
scrip.
$150
$2,000 Terre H. & Loganspt.
RR. first mortg. 6 p. ct.
IO2J4
bond, du« 1910
:
:
May
Fa^ts
\V!
|1,
THE CHRONIOLR
16, 1888. J
about Tontinb— The allbokd Knoiuhty ok its
s— Another LasTTi'iR from Pkbhidknt Oiikf.nk—
•'
INSURANCB 8AII) TO BIO TjOHT Tl) i-'AMILIi:s OP
Tontine I'oijcy Uoi.ders in Ten Years— A Scatiiino
Denunciation op the System.
2b Me KdUort of the OommereUil nnd Financial Ohronlelt.
SiiK— In tlio Nuw York Tri'tunf of MaroU 22 iilt., Ui un«worlii< tho
—
statciuoiiU aud orltieUms of Monxra. Bi-ors, Ilyitc. Alcxniidor iiml
MoCiiidy, I showed Uuit Uiu Tuutluo pdnoiplo iu li(o Innuritiii'O i» nljHoluto, tiiii|iiiilllled Kiuiil'liiij;. because It iuuke8 a iiiau stand to Iohu liy
lapao tlmt which need not be lo8t t>y lupHe; that which Inpso ouKht not
to oniiKO thn lo8H of at all it therefore niakoH hini neodleanly and nf ko
pnrpofie oxporo to tho risk of lo.'S that which need nut and would not Im
at tbo risk of Iosh bMt for Ida act. This la f^anilillUK, pure luid alnjplo.
And. iiHldf from Ihls aspect of Tontine, which directly Involvoa imlille
morality, I have ahowu lhn peculiar vice about tbia parlli ular form of
gMublhiK -namely, that there ialoat.not merely whatono hiia piiM to a
company over Hud nliore the cost of bia Inaurauoo uii to tho time hia
policy lapaes, but the piild-up iiianranco whioh that overpayment oiiKht
to secure for liU fandly at once If he cannot carry on the orlfclnal Inanr
nnre, itnil whieh such ovor-payment would aeouro, bad he taken a
policy framed upon the tnie prlnolplca of life Inaurance.
TUK TIIISU OAMUI.liD fOIt.
yoiir"
d
HI
tho
I0l,>ift;i.12.^
„f wiiinh traa Tonrliie
,,i„i
itre.,t.-i
'"MJMIa
'
mil'
pective, scale of operation.
SIGNIFICANT FIGURES.
Ix:t US tr.^cc tho progress of Tontine for the last ten years in the two
oonipanica which nave promoted it longest and with peculiar energy,
and see Just what it means. We will take first the New York Life Insurance Company. On .lannary I, 1875, it "had already accuaiiilnted a
'I\>utine fund of $152,018 84; during the next ten years it lost busineaa
by lapse aud added to ila Tontine pool as follows
Addition* to
Tonttne Pool.
Lapse*.
1875
1876
1877
1878
1879
1880
1881
1882
188.1
1884
$155,189
209.366
274,797
249,154
330.025
380.683
302.078
37,128
144,723
397,700
$7,167,935
7,740,158
8,063,799
7,032,129
5,151.162
3,«85.915
4,670,615
6.618,915
6,904.632
11,924,360
Total Tontine
Pool.
97
03
38
65
31
64
21
13
83
66
$308 138 81
517,.504 84
792,302
2-'
1,041,4 06 87
1,371,482 18
1,7.52,165 82
2,054,214 03
2,091,372 16
2,236,096 01
2,633,796 70
$69,159,620
A
comparison year by year of the lapses and the additions to the
Tontine pool, coupled with the fact that the surplus of premiums as
well as the value of lapsed policies ought to go into the pool, raises
manv questions of great and curious interest to those interested in 't;
for example, why in 18'<2 did the va'ue of $6,618.91.i of lap-ses and all
the suriilus interest and the margin on probably $5,000,000 premiums
produce only $37,128 for the poolt Was it expeuses, shrinkage or
readjustment of acouunts 1
A
ni.iNT)
root.
But ic la a " blind pool ;" ita real sources and composition have never
beeji disclosed, and so far no legal attempt to oompel such disclosure
has iio.^n successful.
1 he main point for the moment is this In ten years the company has
lost, by lapses $ .9,159,620 of insurance, and has added $2,480,848 to
its Tontine pool, which now aggregates $2,633,796.70.
Take. n»w, the Eiiuit ible. £ can find no separate statement of its
Tontine fund prior to December 31. 1875. when It " estimated" it at
exactly $1,000,009. Its Ugures for the ten years are as toUowa
:
Addition*
Lapses.
1875
1876
1877
1878
1879
1880
1881
1882
Tom ine
$13,752,530
12,KH.=,,900
14,200,240
10,:-.83,320
8,05.1,875
6,S'.i5.2f0
7,801,910
10,872,105
15,052,540
23,06r,829
18J-3
1884
to
Pool.
$
1,193,577
111,342
522.543
742.088
265,571
S93,S84
253,695
644,193
1,281,908
Total Tontine
Pool.
$1,000,000
2,193,577
2,304,919
2,M27,402
3,5t.9„
50
3,835.121
4,229,005
4,482,700
5,126,893
6,408,861
».
'1
iiirTrit«<|
I'rgtMitloM
'itptmt Ml
v
•t«iu>)r
I'bisurMM waaM
it'fi'rmatiM. Bo
Otii
I
nia
i-lie<l
HO(
of
i/tr "r..l|.
for tbe
nt nt the
'
lloi>
l
If
II
ive for
.«m,
und
t-*cj
Nl
f.illtv. It Will
tlllll
am!
furfeiiure ot
r.ft
i
oner iteopio
-,
1-rr-
h i»'..er\ r ftU't inrplii«.
PAMIUKS DEFRAirnKD.
:.
,
,
,
•opio. Ti>kKt«a1
_
liiOiHi i,y nnniulpre-
,
,
sail
mill:
Just
•"> that wonll inalil
.^.1
'HI.IHMi.l UII
.>r
lIl.milMlir.-
1(1
,
that each of these men who
wi.uld receive $7,120 for the mi,
the same rate of expcnsi-H and
iiii, rr-<t
baa had for the last ten years, anil sup|Hislng
only 80 per cent of these oxpeeted n vcrv tu
rivdlng the
the. comp
euce of ("
Mothci>ei'i"
of thi'Tom
and the
mate "
Is
i
'
tawM
'"I.
roba
Ir
II
.i
to
l>»rl-
kind oi oiumu'ss, and their "e-i
iv,'iitv years of 0.88
equivalent ill
aiice, with 620 dentils, leaving 2.498 !
769.783, of wliicii *l0.335,i9.» woiiM ii tlie
properly growing out of their own preinlum", an'l
tho product of reservea and surplus roiteitod ii.
.('7,4:13,884 of forfeited reserves and surplus otiirht t h iM' v Mi .1 to
the families of those who pall it In and hitd to lapse thoir poUcle* at
least .f 17, 000,000 of paid-up insurnnc ?: tli ii tith .Ir
'ii lirioim penalty"
for lapsliig— the equivalent of .$5,00
riutoafor
3,400 families! Think of what Ilia!
s U> protect, who can look only to you who
lorproteoIs It liglit tor you to neetUeaalT
tlou. Isn't that a cruel-looking noon
-."^
. -.- '^
^..
expose your famille,-i to such losal Do
yon wish
to share
the prollta
from such losses by other families I
millions
at
lea-.l
Seventeen
ot paid up 'nsurance
"lr«a
million written, must be forfolteii, needlessly lost
multitude who have to lapse over $(iS, 0)0. 000, t.i
sttinnt©<i " proHts which .are held out to attract Tontine in^iircri. Tll»
Equitable and New York Life wrote to^'eth.r over $140,000,000 iMt
year; it is safe to say that a good deal mure than $100,000,000 waaToqtlne or semi-Tontine; and the " estimated " rcHiilts on aeml-Tontlne Mtt
only aDout 10 per cent less thiui those on full rontlae.
this
I
:
•
i
;
i
I
,
i
.
•
.
i
.
'
'
THE MAGNITUDE OF THE GAME.
Jnst Imagine this business carried forward on this scale year atte*
year, until the rcstUts of the old and the taking of the new tiavel aide by
aide in full view: over .$1011,000,000 new business each year, and ove»
$70,000,000 of lapses; and over $l7,000,eOO yearly of paid-uii Insiiranco
that ought to come therefrom, taken from the families that need it. to
make up the more than $7,500,000 of profits to be then yeariy divided
Where in human history has so onoratsoa
to the members of the pools
a game been attempted or conceived 1 And the one tiling played for la
the paid-iii> insurance that ought to protect unfortanate families! At
least $17,000,000 a year, when the irame is at its full on Its present
scale, taken from these families and Its price given to the players wlHt
can stay in
And now comes the Mutual Life with Its acrai-Tont ine "five year di»tribution policy," on which it baa advanced ita preniiama23 per cent
"to meet the increased risk" (of which "risk," by the way, there IM
appeared, as yet, no explanation whatever); and the NorthweAtern with
higher "estimates" than any others: and several others with th.irowa
forms of the same thing; all inviting men to come in and put at hnzant
all or part of that pr.itectlon whieh Is sacredly due to their famlliea,
and to give which in its nmst ^impIe, ju.'t and absolute form ought to ba
the sole ambition, as it is the sole reuaon of Ita being, of a life isauranee
company. What colo.^sal g.iiubllng it will bel hor what a peeuliar
stake-tbe protection, the living, of widows and children
I
1
I
AN INSIStlATISO PARAGRAPH AXBWERED.
As I iras writing the last poragrapb the foUowbig paid notice ot CbA
Equitable, from tho World of April 2a, was haudediue:
Tonlifie Again.
^
"One dny's new business of the Equitable Life Assurance Socletv-Aw
April 28, was nearly a million aud a quarter of dollars. Has P^,^sldent
Greene, of the Connecticut Compauv, been hired to advertise Toutlne I"
At that rate they would write over $ 150,000,000 In a year. And jMt
translate that fact into the laugugo of their " eetimatea," and repeat tft
year after vear for twenty vears. and wh.it would It mean In Inst that
corapanv a"lone ! Itwoul.l mean that on every years such ImalneaB
there would l>e over $241,000,000 of lapses, wher.-hy would be lost to
fiuuilicjj full j60,000,000 of paid-up insurance, in oixler tint tliey might
give $26,000,000 additional profits to the Tmitlne poiI. Th .t la procls<'ly what it would come in time to mean evorv year In that e^impaiiy
alone; at least $60,000,000 a year of what ought to be paid-up iiisur.ince
for families, who have to lapse at least $241,000,000. taken from then»
to furnish at least $26,000,000 a year to tho Tontine ikwIs! That la
what the new business of April 28 would menu to the world in the light
of their authorized "estimates;" or call It all scmi-Tonliiie. aud thiovt
off 1 1 per cent. MTiat an astounding scale of speculation
AN APPEAL FOR THE FAMILY.
(•omp8nj\"
Do not misunderstand the "President of
nmoiitB*
He well knows that he is advertising Tom
tirarUon-j
proi.
will
given
horc
very figures he has
men who .are entirely oinf'dent of tlioir own ub.'.iiy lo imv tlirougb. aua
loyally.
who care mtle or nothing wh. re money comes from, so It conios
He is not speaking to them; be is speaking only to the men who bar*
I
I
llv prot ct ihein: and to men
and who menu to i-imUv
seen the true cliarai ter oj Toii'Ine. He Is sp«-a.ilng
to those to whoni alone tllcy
protection,
need
in behalf of families that
can look f r that prolcction. that It may notbe pat at neo-Uw ha»aml
and
the weak bo not maiie tto
poor
Uie
unfortunate.
of loss: tlnit tiie
prey of the fortunate, the rich and the strong. He Is s|>eakiiig ^rtte
admlni»ten d that t-rory
ao
insurance,
life
pure beneficence of slmide
family may cet every doUara worth of nrotectlon the premluins paid by
think thit the uUluiatU
not
He
(Wa
buy.
its ow-n head can be miule to
ipon
Indgmeiit of a clear uuderHiaiidIng and good oonartene.
'ooTrne
In
a
d*y.
buainoss
new
a million and a quarter of
thing else than assuming obllgaOona. The reaults by ^^
,,=Vr"£
ven
gi
.tetUon
of
pr
amount
be
the
will
J^
ance la to stand at the lost
famlliea, not the amount of which they havelKX'n robln-d, "O'.t*" ("fSC
chance, nor tJio ntaKuiuiOA
it has been nm.lo to yield to a game of
game which has been set going In Itk name. Yonra trul)-. L. 0« __ ,
<>*«»
Hartford, May 7, 1885.
families to protect,
who Vuay
$122,693,505
' aliildrM
be.
the
m»mS»
MflWMWt
TOorm.Tna
Ip,
h»^
;
HelanotonlyKamblluff, but he la gambling with hlafanilly'a pro teetlon;
and th" purpose of hi.s gambling la to win from other famllica the value
of the protection they luiiy bo mude to forfeit by lapae during the Tontine or aenil-Tonllno i>crio(l. Tho profits of Tontine aro forfeited reserrea uud surplus; tho prollta of somi Tontine aro partly forfelt<'<l
rcservon ami wholly forfeited surplus; and both reserves and surplu.s
ought. In case of lapse, to give paid-up Insurance to the family or other
dependents, for whose protection the insurance wa.s originally taken.
The piMtlts of either form of Tontine arc. therefore, the price of paid up
insurance wlih-h ought to have gone to the faiuillea of those who hud to
lai>B« their policies. And the iustnnt aud constant protection of fmnUlcs
Is the one function, the one public utility of life insurance, the only
thing that cannot be iloni- better and more cheaply f ome other way.
The only ri'ply to this anal}>is that 1 have seen is by way of renewed
attack upon the Connecticut Mutual and myself.
The phase of Ti>ntine which I have hitherto discussed has been Its
effect upon the individual family, which loses lt8necdo<l protection to
fatten the Tontine pool.
I wlsb now to call attention to the aggregate effect of Tontlno on tho
community, upon the multitude o( faiullies whose protection is put at
hazard to make up Its winnings; and to iudlo.^to something of the tremendous scope and magnitude of its present, and still more of its pros-
lMnrM«L
irM«h
not
iiivve
.
Here, ag.'vin, are suggested practical nucstlons for those inteicatod:
for example. If the lipse of $8,050,875 In 1879, and the surjilus of
Interest aud maig u on Tontine piemiimis produced $712,088 for the
pool, why, in 1882, did the lapse of $Ui,S72,10.'i, the surplus interest up
» larger reserve and the margin of a larger vidume of prenium, produce only $253,695 for the pooll If tbey could add but $253,695 in
18f2. how conld they add $1,2SI,968 in 1881 1 and riee-ver*a1 How arc
matters apportionedl
In ten years the Kquitable ha« lost by lap.sea $122,693,505 of insurance, and added $5,40s,861 to its tontine poola, which now aggregate
96,4t8,8Ul.
MltX.I0N8
The New York
Life
OOKK— WHEBEl
and Equitable together have lost by l«pM In ten
off
:
.
.
:
THE CHRONICLE.
690
[Vol. XL.
Cables, 4 89}. Commercial bills were 4 85J@4 85}.
Continental bills were Francs, 5 18}(a5 lOfand 5 16J@5 IGJ;
reichmark.s, 95 1-16@95 3-lG and 951(^95}: guilders, 40i@
:
DIVIDENDS.
The following dlrldeads haye recently been announced
Ifame of Company,
Per
When
cent.
Payable.
Railroads.
Boston Concord & Montreal pref
Chic. & Alton com. & pref. 'quar )
&
Cleveland
May
Oregon Rnilwav <fe Nav. (quar.)..
laiscellaneans.
Adams Expresjj
12
1
June
$2
(quar.)
United States Exnress (quar.)
On
1
May 3
May 16
May 10
to
to
to
1
1 .Way 19 to
June
June
June
Pitts, guar. (quar.)..
Book) Closed.
(Day* incliis-ive.)
40i and 40|@40i.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day Savannah, buying
i premium, selling J(?^| premium; Charleston, buying ^'premium, selling 3-16 (^ J premium; Boston, 5 discount; New Orleans,
commercial, 135 premium; bank, 200 premium; St.
Louis, 100 premium Chicago, 50 premium.
The posted rates of leading bankers are as follows
:
;
June
:
1
May
tiera.
NEW YORK, FRIDAY, iVIAY 15, 18S3-3 F.
The Money Market and Financial Situation. —The
»I.
past
15.
Days Demand,
Sixty
Prime bankers' sterling bUls on London..
Prime commercial
Documentary commercial
4 90
4 88
4 86
4 85»a
Parle (francs)
6 18%
5 Ifii*
had a few notable events of an encouraging nature, Amsterdam (guilders)
4015
40%
Frankfort or Bremen (reiohmarks)
9518
9578
chief among which were the adjustment of the Western railCoins. The following are quotations in gold for various coins
road difficulties at Chicago, and the large auction sale of dry
Silver 148 and iss. — 99%» par.
$4 85'sa$4 90
goods in New York as to the latter, fair prices were realized, Sovereigns
Napoleons
— 92 ® — 94
3 86 « 3 90
Five francs
and upon the whole, confidence in staple cotton goods was X X Beicbmarke. 4 74 ® 4 78 Mexican dollars.. — So 9 — 86
XOnilders
3 96 a 4 00
Do unoommero'l. — 84%® —
strengthened.
Span'hDoubloons.15 55 ®15 70
— 78i£» — 79
Peruvian soles
4 78 a' 4 84
The West Shore factions have not yet reported an agree- Mex. Doubloons. .15 55 ®15 65 KngUsh silver
week
lias
—
;
ment, but there does not seem to be enough difference between
the two principal plans now suggested to prevent an amicable
merger of them into one,
if
a fair
spirit of
concession prevails
among the several interests represented with this long-impendcloud removed the railroad atmosphere will be much clearer.
In regard to our comments last week upon the trunk line
situation during the winter, it might have been said that west
;
from Buffalo two
interests
controlled the whole situation
Vanderbilt interest, with three
with one
One
line.
— the
and the Grand Trunk,
must have been respon-
lines,
or both of these
and passengers at non-paying rates.
How the Vanderbilt roads have fared is well known, but how
fared the Grand Trunk of Canada ? The following figures will
show:
NET EARNINGS TOR NINE MONTHS.
sible for carrying freight
1884.
Decrease.
*li>7,788
1883.
Xnljr 1 to
December 31
«4&9,y6i
1885.
1884.
January
1 to
March 31
*118,297
£189,685
«7),338
£608,261
*847,619
«2SP,358
Total nine months
Here
*e57,752
a loss in nine months of about |1, 200, 000
net, and
" The Grand Trunk
Railway Company invite subscriptions to an issue of £200,000
now
is
the dispatches from Toronto say:
of perpetual 5 per cent debentures.
tnainly applied to the
payment
The proceeds
will
be
of interest-bearing liabilities."
call loans during the week on stock and bond
have ranged at J@li per cent, and to-day at i@l per
Prime commercial paper is quoted at 3i@4 per cent.
Rates for
collaterals
cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £546,707, and the percentage of reserve to
was 50 9-16, against 50 7-16 last week; the discount
rate was reduced from 3 to 2i per cent.
The Bank of France
gained 4,990,000 francs in gold and lost 1,221,000 francs in
liabilities
silver.
The New York Clearing House banks,
Ittay 9, showed
ttie total surplus
in their statement of
previous week.
The following table shows the changes from the previous
•week and a comparison with the two preceding years in the
averages of the New York Clearing House banks.
188.^.
lioans and dls
Bpeeio
raroiUatlon .
9.
Diff'er'ncetfr'm
Previout Week.
1884.
May
10.
Legal reserve
Beaerve held.
100.800 fncl !2.484, 400 $333,424. 100
lI3.o:j7,i)00 [no. 1,452, 8J0|
58 811.7U0
10.797. 'S 00 Dec.
17, 3<)0|
14,190,2)1
3() 1, 908.700 [uc. 3,5.-9, TOO
329,8.i2,-2O0
32.740,90u Dec.
502, 900
28,069,300
$90,177.17.". [no. *S89, 825 $82,455,550
145,777,900 Inc. 1,01a, 900
06,911,000
Surplus
$155,300,725 Inc.
If et deposits..
Ijegal tenders.
1883.
May
12.
f 399.
$'.60.07.>
$1,4.55.450
—
Exchange. The limited supply of bills, and possibly the
of some stocks for London account, created an improved
demand for sterling exchange, and rates have been quite strong.
Posted rates were advanced | cent on Monday, and a further
advance of i cent was made by some drawers on Tuesday. The
rise has drawn attention to the matter of gold shipments, but
sale
heavy exports of specie are looked for in the immediate
future, unless circumstances should arise which are not now
foreseen.
tfo
To-day the rates on actual business were as follows, viz
Bankers' 60 days' sterling, 4 87J(a4 87i; demand, 4
89*.
89i@4
D.
U.
8.
8.
trade doUars
silverdollars
—
84%» — Bo's
99% * par.
—
United States Bonds. Government bonds have been quite
unusually active the past week, with the prices for the 4s and
4s a little lower, though the 3s continue to advance.
The closing prices at the N. Y. Board have been as follows
Interest
Periods.
..reg. Q.-Mar.
-coup. Q.-Mar.
..reg. Q.-Jan.
4'«8,1891
41*8,1891
48,1907
48,1907
.
Ss, option
6a,oar'oy,
69,onr'oy,
68, our'cy,
es.onr'oy,
6e,onr'oT.
*
This
Is
coup. Q.-Jan.
.].
J.
J.
J.
J.
A
A.
&
&
A
May
Mny
Mny
May
May
9.
11.
12.
13.
14.
15.
nuis*!i:i« *nH4 111"% iim lllia
•112% 112% 1I2''8,'11'2»8 *1I2»8 112%
122 *122 12178 12178 121% 121»8
*122
121''6 •lai's' 12178 121% 121^
U.S. ...reg. C:.-Feb.
'95. ...reg.
'96. ...reg.
'97. ...reg.
'98. ...reg.
'99. . .reu.
May
103
10318^ IO318
103
1(
318
IO314
*129
•129isM29
J. •12714 •I27I4 •128
•13013*131 i«|'131
J. *129'«|'129i... •130
*132 *l:i2 ri31%'*131%
J.
J. *13338|*13^i4 *134i4 134%*134%*13408
J. •13519 '13638]M35%I I36I4 "ISei* *136l8
M3138*]3m
the price bid at the morning board
:
no sale was made.
—
State and Railroad Bonds. The sales of State bonds have
been relatively large, as follows: $3,000 Alabama, Class A, at
90; $4,000 Tennessee 6s, new, at45|@46i: $14,000 do., old,
at 46i; $10,000 Georgia 7s, new, at 105i; $10,000 North
Carolina 6s, 1919, at 109i; $11,000 do. consol. 4s, at 87i@87i;
$55,000 do., special tax, !it5i@5; $5,000 South Carolina 6s,
non-fundable, at 3J; $7,000 Louisiana consols, at 75; $21,500
do., ex coupon, at 63@64J.
The market for railroad bonds has been quite active, and the
The speculation in Erie
tone of prices generally irregular.
2ds has been considerable, with the price weak. They close at
52i, against 53i last week; West Shore 58 close at 80},
against 30 J Louisville & Nashville ten-forty 6s at 72, against
66; do. trust bonds at 89|, against 84; Kansas Pacific 1st
consols at 98*, against 96f Missouri Kansas & Texas gen. 68
;
;
at 75*, against 'i'4J; do. gen. 5s at 61, against 59J; Missouri
Atlantic
Pacific Ists
Pacific 1st consols at 98} against 96*
at 72, against 71*; Metropolitan Elevated Ists at 111*, against
Rio Grande Ists at
109*; do. 2ds at 99*, against 96}; Denver
98*, against 95; do. 1st consols at 57*, against 52*.
,
&
;
&
—
At the beginning
the market showed a fair
degree of strength, stimulated by the settlement of the Western railroad troubles and assisted by the covering of shorts.
On Monday, however, the Vanderbilts were attacked and declined quite sharply, especially Lake Shore, rumors being
revived of forthcoming poor statements of earnings, and this
weakness more or less affected the whole market, which has
been irregular ever since, with the tendency generally weak
and the fluctuations from day to day being quite large.
Although the war in rates among the Western trunk lines
seems to be fairly settled, cutting still continues east of Chicago, and this fact has had much to do with the weakness of
Except for this weakness and a sharp decline
the Vanderbilts.
in Lackawanna, the market might have shown a fair degree of
strength, as there have been no other developments of importance calculated to depress prices.
The cause for the decline in Lackawanna is not very
apparent, though it has been variously attributed to selling of
long stock by the pool which has manipulated it for so long a
It
time, and to rumors of trouble in the coal combination.
went below par on Thursday, but has since reacted a little.
Louisville & Nashville stock and bonds have been strong,
the improvement being attributed to a favorable decision
which frees the road from liability in connection with Tennessee
State bonds, and also to the fact that net earnings have recently
Railroad and
of our
an increase in surplus reserve of $160,075,
being $55,300,725, against $55,140,650 the
Mai/
Fine silver bars .. 1 OSHa 1 09
Fi ue gold bars. . . .
par <* I4 preni
Dimes & H dimes. — 99%a par
made
Miscellaneons
week on Saturday, May
so
good an
Stocks.
9,
exhibit.
To-day, Friday, the stock market was much steadier, and
Lackawanna, New York Central,
the tone generally strong.
Michigan Central and Iiong Island showed the best advances
.....
at the close.
.
«AT
.
..
1
.
THE CHRONICLE.
1880.]
16,
691
WAT
NEW YORK STOCK EXCHANeE PBICES FOB WKEK ENDING
19,
AND SINCE
BIOHI8T AND L0WB8T FBIOXS.
STOCKS.
RAII.IM»M>-
*
Albmiy
•133
sii
N
.%
Caiuullan
.
<
So..
I'licUlc
CAimilit Hniitliern
CetlHr Kalln it MiunesoU
A
A
Cblrniro HiirlhiKton
CbiuMtii Milwaukee
81.
Paul
pre*.
NorUiwoHteru
Do
prof.
Chlcmia Itock Inland A Pacitio
ClucaKo8l. LouUA PltUburK.
Do
pret.
Panl Minn.
St.
Ho
Clerclitnil (Jol.cln.
A Om.
pref.
Iiullauap.
A
It.
38
•as
SB Si 38
.
"a
80S
85t<
S5\
122
e»Hi
101 'a
93 Hi
12H
113
88'
34 >4
.ISH
28% i9\
3(1 •(
Ih
"'i''i"i'u
Th
*h
85
u^
88%
8ft
•
80
.th
»h
8>4
T"!
250
047
200
20% 30>4
72% 78%
3.050
4.H62
20 », 20^
20 <a
7314
71»«
30
20 >4 21
71
73
iOh
20 <a
3U>9
71Hl
2»Ig
30
72
aft-
29^
29
71
30
83
6,114
788
Clevoliiiiil .6 I'ltisbiiiit. iciiiir...
Coluiiil>ia vt tirnuuvilte, pref...
Delawuro Lackawanna A West. lOS^slOli^i 10t>4l05'S 103>4l04>s 101*4 103%
DenrerA
Kio Uranile
Sioux City
KlMftTeiinetii^oo Va. A Ua
•67
SHi
Do
Marlem
ah
Lake KHo A Western
Lake Shore
LonK rtlaiid
1
A
Nashville
New Albany A Chlo.
Manhattan Klevatod, cousol..
Manhattan Beat'li Co
A
•3<4
•5*4
«<4
6
0>9
5»
Minneapolis
A
125 V 135^ 125
133
60
660
l'Jt% 135
9Hl
53', St
51
72
72
30 »9 80=4
72
73 "a
30 >a 31-8
92 Si 93 1*
93>4
>8
6t>!|
93'>4
73'4
8%
9Hl
50% 62 %
52%
73
30% 31% 30% 31%
9S% 93', 94
OS
14% 14 Hi
8%
61 S4 62'!
73% 73%
30% 32%
99
95%
New York Chic. A St. Louis ...
Do
pref.
New York Lack. A Western...
New York Luke Erie A West'n
Do
pref.
New York A New England
New York Now Haveu A Hart.
New York Ontario A Western.
New York Susq. A Western
Do
pref.
Norfolk A Western, pref
.
.
48 Hi 48 y
Do
49 Hi
31
Philadelphia A Reading.........
Pittsburg Ft. Wayne A Chic...
I22S4
'35
Do
18%
95%
18%
95 >4
49% 49%
2
4%
4%
88
88
10 '« 11%
10%
7%
2Hi
6H1
2 Hi
6H1
18
18
83% 85
1% 1%
1%
88% 88^
lOHi
ll-s
22% 22%
19<ii
10% 10%
17%
%
a
11
Hi
%
9Hl
13%
9%
17
17%
38% 39%
11^ 11%
20
13%
'9
39 Si
9%
9Hl
14
9%
•14% 15%
130% 130% 1S3
•1%
1».
4%
4'<
10% 10%
21
186% 187%
18
17
17Hi
82% 83%
21
19>a
8
39%
10%
18
95
37
87 «
85
190
7%
18
18%
05%
18
18%
95% 85%
134% 131% 134% 121%
37
2
18
93% 95%
7% 7%
2% 2%
6% 6%
17% 17%
16% 17
38% 39
9%
8%
18>,
14»,
38
82% 84%
4%
4%
10% 10%
30% 20%
7%
•2%
•8%
38
8S% 88%
10% 10'<
19% 19%
6%
18
18
17
17
%
17
%
8,625
3,020
17
38% 39%
400
400
350
10,030
10,600
9%
8%
132% 132%
14% 14%
8%
9%
•14% 15
18,925
650
133% 122%
214
46% 46%
106
100
Do
A San Francisco
Do
Do
A
pref.
.
pref.
let pref.
48
•3%
150
143
3
17%
17'.
30
32
80% 8U%
79
30
79
100
100
110
Doluth
Do
pref.
Panl Mtnneap.
Texas A PaciHc
St.
XjQlon Pacllic
St. Louis
Wabash
Do
A
Manitoba
A Pacific
85% 85%
10% 10%
49% 50%
86% 86%
10% lO'i
49% SI
83% 84
49% 50 't
2% 2%
84%
10% 10%
49% 61
83
83
84
83
84
10% 10 k
49% 60%
50%
2%
61
2%
6
1.643
1.623
144,189
200
Di.<t.
Tel.
17% 17%
Tel
A
(.:able
Co
Bankers' A Merchants' Tel
ColonwloCoal A iron
Consolidate*! Gas Co
Delaware A Hudson Canal...
New York A Texas Land Co.
Oregon Improvenioutl.:o
Oregon Hallway A Nav. Co..
.Mall
,
Pullman Palace Car Co
Qoioksllver Mining Co
Do
pref.
Western Union Telegraph...
E.YPaESsi.
American
pnltedSUtes
A Co
INACTIVK «T(ICKS.
Atohlnnn Toneka A Santa Fe
Chicago A Alton, pref
OluclniiatI Sandusky A Clere..
Columbus Chic. A Ind. Centrl
JoUet A Chi(-..-iKo
Lonislan.a A -Missouri River...
New York KlevaUMl
Wells, Fargo
Virginia .Midland
Warren
Oftntou Co
Consolidation Coal
Homestake Mining Co
Maryland <'ojil
Now
Central Coal
piitario Hiiver Mining
rob. 3t
Apr. 7 ,0%reb. lO"
Apr. 7 la%reb. 3«
4% Apr. 83 H Jan. 161
138 Jan. 2 138% May H
115%Jan. 2 125% Mar. II
ea% May 7 76% Jan.
102 Jan. 28 108 Mar. •.'7
84% Jan. 2 88% Apr. 13
119% Jan. 3 ISt Peh.36 117
106 Jan. 3 116% Mar. 11 100%13«%
0% Mar. 3
» Mar. 6
15 Jan. 17 18 Fab. 37I
18% Apr. 31 38 Feb. 36.
60 May 7 91 % Feb. 35
23 Apr. 80 38 Feb. 24: sr*»»%
134 Jan. 81 141
May 6 I3S%,14
14%Jan. 8 .20 Jan. 37i
82% Jan. 32 108% Mar. 9<
4% May 1 10 Jan. IS
66 Jan. 6 OS Feb. 1«
2% Jan. 15 4%Mar. iS
4 'a Jan. 33
8 Mar. i
S7%Jan. 10 63 Mar. W,
3 Jan. 6
4%Apr. 22I
100% Jan. 20 200 Mar. 21
Mar. 26' :M) Jan. 1 1|
119%Jan 7il27 Mar. 14
84 Jan. 16 88% Feb. 17
8% May 14 14% Feb. 21
4% Apr. 38 17 Feb. 91
50% M^y 13 67% Feb. 29
62 Jan. 2 74% May 15
22 Jan. 10 33% Feb. 37
11% Jan. 6 37 % Feb. 30'
63 Jan. 15 83% May III
11% Jan. 3 15% Apr. 20
27% Jan. 15 44 Mar. 7
90 Jan. 2 03% Jan. 30
S
7
I
U
4(i%May 7 01% Fell. 21'
30% May 6 31% Fel). '20!
10% Jan. 26 13 Fob. 2H
23 Jan. 1
29 % Feb. 30
14%Jan. 22 19% May 1
80% Mar. 21 87% Feb.
7% Jan. 7 9% Feb.
82% May
l%May
2
7
14
5
Mar. 25
4
84% Jan.
9% May
2
17
56% 56%
57% 67%
91% 94%
80% 81%
77% 80%
58
11
11
93% 84
77
60
68
78%
60
•8% 10 14
94
76
96%
86%
t>7%
78
76
77%
27
27
76
28
38
59
59
10% 10%
97% 8<
77% 78%
100
333
115
7,612
20,550
12s
76
71'8 75%
74% 74% 75% 75% 75%
76% 76% 75
64%
5t
5t% 55% 54% 65% 53% 64% 63% 5t% 53% 54
119 119
118 118
118 118
118 118
118 118
117% 120
4% 4%
3% 3%
2,200
28,(10
1,218
170
68% 68%
35,240
68% 58%
52
110
68% 69
68% 68%
68%
681
95% 95%
63
62%
52% 62%
110% 110% 110%
62
110
67% 68%
63% 63
%May
8
.May
4
10%
8
May
8
10% Apr.
8
Apr. 2!)
13 -4 Mar. .SO
119% Feb. 17
120 Mar. 8
136% Jan. 39
1% Feb. 38
44% Jan. 19
19 Jan. 2
8%
140
160
'140
118"
::;;.
'118
160
140
77%
79%
9%
41
2
36% Mar. 11
4
These are the prloea bid and asked; no sale was nuule at the Board.
33% 33%
SOO
5% Jan.
Jan. 12
May 7
May 14
Jan. 8
Feb. 94
May 16
Apr. 15
Apr. 30
Feb. 30;
Apr. SO,
8
80
Jan.
3
13%
Mar. 28
7
14
4
Mar. 21 88
22 86%
135 Apr. 30 135
21 Jan. 31 34
69% Jan. 29 77
46% Mar. 21 62% Mar. »'
107% Jan. 2 120 Mav 9
66% Jan.
67
114
1
3% May 13; 4%Msr.30
30 Jan. SO 30 Jan. 30
63% Jan. 2 63% Feb. 10«
2 138
S,
40
17
Jan.
Jan.
Jan.
Feb.
Feb.
Jan.
Apr.
Apr.
87% May
3 53
3 111
90
6%
30
IS's Feb. 26
20
60
7%
SO
Feb. 27
61% Feb. 10
3
10
tUaodanl Mining
24
May 14
80% Mar. 16
82
May
18
..,.
.,
39% Jan. 8
87% Jan. 10
Apr. 30
May 12
Feb. 26
Feb. 7
Jan. 2
Apr. 8
Mar. 21
Aor. 30
May 7
Jan. 37
I
SOO
Mar. 16
2
Jan. 14
Mar. 18
Apr. 27
Apr. 29
15% Feb. 37
19 Jan. 3
133 May 11
l'.!9% Apr. 20
143 Apr. 30
2% Jan. 17
64 Mar. 9
l%Jan.
10
61
3
117 133
44
6>
Feb. 25
i
44
2
28
30
26
36
21
30
79
21
67% Mar. 90
Jan. 39
May 16
1% Mar. 10
80 140 May IS
33% Mar. 4
118%...
118
25%
19%
6)
81
SO;
17% May 8
30
145
8
8
17
24
Mar. 6
Feb. 30
Feb. 36
SOO
20
Apr.
Jan.
Jan.
Apr.
.May
Jan.
Feb.
Feb.
Feb.
Feb.
18
39
130 Jan.
107 87% J an.
288 48 Jan.
430 104% Jan.
140
88%
3% Mar. 11
Jan. 2
May 1
147
140
Fob. 27
Feb. 23
6% Jan.
9% Feb.
19
12
21
15
14'9Mar.21
95% 80%
110
:in
%
96%
42
5 14%
5 :M
17 22%
2 190
14 12%
3
12
27
13
10!
•ir>
121% Apr.
36% Jan. 20 44
6%
pref.
MISCEI.IiiNEOUS.
36
3
17
15
'38
U% Mar.lt
41% Mar. •
Mar. 35
26% Jan.
635
•14% 16
20% 20%
9%Mar.-,i;<
r»b. IH
31
8110
1,400
300
14% 14%
143
48
28
425 20 Feb.
625 12 Jan.
67 175 Jan.
6S4 Apr.
950
40
l%Jan.
160
4', Jan.
560 17% May
3,870 15 Jan.
special.
A Saratoga
Rich. A Alleg., stock trust ctfs.
Richmond A Danville.
RIchm'd A West P'nt Terminal
Roohe.iter A P. 'tsburg
Rome Watertown A Ogdensb'g
St. Lotiis Alton A Terre Haute
35%
j&Ta.
Lam. Nlak
r«b. n
M«r.2.^
rnb. 4
Apr. 34
ifmr 7
52 114% Jan.
1,700 33 Jan.
85% 170,624
'h''
14% 14%
10
133
38
84
7%
3%
38% 39
11
18%
13%
2,060
300
25
26
17% 18%
93% 93%
122%
86% 87%
19
187
17 's
0S>4
Rensselaer
'
24
95%
117,363
5,288
40,478
100
10,216
100
48% 49
48H> 48Hl
26
30
pref
Ohio Central
Ohio A Mlstlssippl
Ohio southern
Oregon Short Line
Oregon A Trans-Continental...
Peoiia Decatur A Evansvllle..
Adams
24
94
ii"% 11%
17'*
Northern Pacino
PaclBo
450
52% 63%
Ti
74%
32% 32%
•118
•118
IS-s
Nashv, Chattanooga A St-Lonls
New York (Central A Hudson..
American
American
90^
100
400
300
17
120
95
Monis A Essex
Paul
46
339,000
205
pref.
1)0
Bt.
e
SV
8"4
Louis
St.
Missouri ICansasA Texas
Missouri Paclllo
Mobile A Ohio
Louis
•6%
f
CIi:u-le8ton
MetrupoUtau Elevated
MlchlKan Ciuitral
Mil. L. siiiim A West'm, pret
Bt.
98% 102% 100% 103%
tt
58
46
200
17
ounton A Tcxaa Central
12-1
liUnola Central
leaapd line 4 p. ct.
Do
Indiana BloomiiiKt'n A West'n
MenipIilH
60
pref.
BT*n8vllleA Terre Hante
Or«en Buy Winona A »t. Paol.
liOulsvilte
Loulrivillo
eh
Sh
6H1
A
Dabiiune
•7
7
11.598
1.740
2S3,MX)
2,010
196,008
1,900
3,607
SO
88
iiiM
138
122 V I3214 I2ir, iai'«iaa>a 13119 1,22
121 \ 133
139 133%
09 < 70^, e8<V 69>4 «8Si «<ll4
OUHi
69% 69 '1
lOl'i 106
lot loss 105>al0S>a^l0iS10S
103
105 105
S.'S't
91
OS*^
9»\ B4<^ 03>« 8tV 92% 03% 93% 94%
139
127 V2H
ViThViT, 138 l',28
128Hi' 128
118
112'tll3>a 113>a 1131a 112>ill3
112% 112% 112%11S%
71=.
BIcbML
000
>
tSSft.
1,
MUBvmmmJm. 1, IMM.
134
87%
JAN.
(HhMM).
10
87^ TilKaiK
*h
'130
Qnlncy
Ho
Cblcngo
30
8
8
2dpre(
Ohleairoifr Alton
May
tSSwMh
rMdy,
May ii.
ThnriMUy,
13.
87«4
4>«
iBtpret....
A
May
87
3S
SU
SO
Cbeekpeake A Ohio
OhlOAKo
37'*
a7J*
S5S
Ceuti-iil I'jicUlc
Do
Do
Wedneodar
U0>9 go's
Nnw Jersey
Csntrulot
11
1st
•03
37 >«
37 '4
Iowa
Ceiitrftl
May
U.
iiref..
'i
Boi'MiiKtoii
TnewUr,
Mayiy.
Monday.
BktiinUj,
May
bonioti
1
78
163
_
*<
Apr. 71
Apr. 16
Jan.
8
Mar.l»
33% Feb. 37
l%Peb. 6
140
- ".*0'
32 145
May IS
Mar. 17
May 13
18
19 118
13 46
Apr 8%
lol
Mar. 8
»
30
Apr. 15
Feb. 87,
30
«
Apr. 18
8
Mar. 331
7
Fob. 35|
May 16
Feb.
7
i%Mitr 6
11% May
33%
6'
l%Mar.2«<
TV
—
—
—
1
.. . .
.
1 ..
...
—
THE CHRONICLE.
592
Bid.
Ask.
SECURITIES.
MAY
—
68, new series, 1914
C'mp'ml 80,3-4-5-68,1912
Virginia— 6s, old
18
41,1
Wil.C.&Ru.R.
Consol. 4s, 1910
109
68,1919
106
Ohio—68, 1886
South Carolina—
6s, Act Mar. 23, 1869)
105>i
113
115
117
30
11
non-fuudable, 1888.
Ask.
80
50
60
Funding
47
5s,
5034
6
113
1899
BOIWDS.
SECURITIES.
SECURITIES.
Ask.
Bid.
Ask.
Bid.
Pcnn.RR.— Continued—
IIII4 11138
99 14
99
Metrop'Ut'n El.— lBt,190S
I
47
53 "al 5414
39
39
8s, new,1866
68, consol, bonds
68, ex-matured coupon
68, consol., 2d series
8s, deferred
87=8
110 Lj'
46
.
'
46
4
District of Columbia—
107 14 108 "u
3-658, 1924
46^4
48
Registered
i
Brown consol'u 6s, 1893
Tennessee— 6s, old,1892.8
88. new. 1892-8-1900
RAIIiROAD
Bid.
—
Tennessee— Continued—
Do
I0:i
SECURITIES.
Del. L. & W.—ConUn'd-
SECURITIES.
SECURITIES.
Ask.
Bid.
New bonds, J.&J., '93.8
Special tax, all classes..
64 Hi
6834
104
112
115
118
XL.
15, 1885.
N. Carolina— Continued-
75
Lo«l9iana— "8, i!on8.,1914
Ex-matared coupon
Missouri— 6s, 1888
85
88
OUss C, 48, 1906
106
6s, due 1889 or 1890....
6s,a0-208, 1900
H
Asyl'iu or Univ., due '92
Arkansas 6s, ftinde<l
l("l
Fanding, 1894-95
7s, L. Kock & Ft. S. isB.
10
Hannibal & St. Jo., '86.
7b, Memp.A L.Kock KR
10
New York— 6b, reg., 1887
78, L. R.P.B. & N.O. RR
10
6s, loan, 1891
7e. Miss. O. & R. R. RR.
2
6
6s, loan, 1892
78, Arkansas Cent. HR.
101
68, loan, 1893
Oeorgla^es, 1886
lOl'i'lOo^j N. Carolina—6s, old, J.& J,
7s. 1886
111
114
PondtaK act. 1900
78,goia, 1890
SECURITIES.
Ask.
Bid.
m
Atabama-Class A, 1906.
103
Class B, 5s, 1906
,
[Vol.
QUOTATIONS OF STATE AND RAILROAD BONDS,
STATE BONDS.
8BCUKITIES.
.
.-
.
,
99ia,10O
Pa. Co.'8 4i29,Reg., 1921
Pitts.C.&St.L.-.l8t,c.,7s 118
8 •5613 571a
lat, reg., 7s, 1900
Mich.Cent.— Cons.78,1902 I23I4
2d, 78, 1913
Bond9, 78, 1900
{Stock Exchanut Prices.)
-„v;--|^^^
106 Hi
122
Consol.. 6s, 1902
Pitta. Ft.W.& C.—l3t,73i*13? la 1411a
7s of 1871, 1901
'136 1137
127
2d, 78, 1912
69,1909
1st. consol., guar., 7s.. 126
Atch.T. AS.Fe— 41^8, 1920
130
100
Coupon, 5b, 1931
3d, 78, 1912
N.Y. Lack.* W.-lst, 6b 12II2 1221a
Sinking Fund, 69, 1911
125
9712;
9S
Cons.s.fd.
1931
1910.
1923
Registered,
Ss,
Clev.&Pitts.—
72
Cousteuctlou, 59,
AU. & Pac— 1st, 69,
ibs'
Ja«k.Lan.cfe Sag.— 8s,'91
4th, s. fd.. 6s, 1892.... 111 |112
Del.A Hud. Canal— Ist, 7s llo
BaatiS O.— Ist, (is.Prk.Br.
85
1--"St.L.V.&T.H.— l8t,g.,78 120
Milw.*; No.— 1st. 8s, 1910
1st, ext., 7s, 1891
Bnr.C. Rap. <fe No.— Ist, 63
......I....,
l.st, 6s, 1884.1913
2d, 78, 1898
,117
Coupou, 78, 1894
Consol., Ist, 58, 1934 .-Mil.L.S.&W.- lst,6s,1921 101 101 3e
2d, guar., 7s, 1898 ....I 111 1113
Mlun.<feSt.L.— lst,7s,gu.
Registered, 73, 1894 - ..
ilOOia Pitts. Cleve.* Tol.— lst,6a *106 |108
136
Mich. Div.— iBt, 6s, 1924
l8t. Pa. Div., cp.,78,1917 135
la. City & West.— 1st, 73
Minn.ASt.L.— lst,7s,1927l 121
Pitts. .Tunc.— 1st. 6s, 1922
1st, Pa. Dlv., reg., 1917. --•-:-i
C. Rap. I.F.& N.— Ist, 6s 107
Rome W.& Og.—lst,78,'91, "107
lowaExt.— l8t,7s, 1909, 117
95
96
Alb.&Susn.— l8t,7B-... IIOI41
let, 63, 1921
9913
2d, 7s, 1891
Con., lat, ext., 09, 1922. *72i3 73 «8
Bnff.N. Y. & P.— Cons., 63
2d, 7s, 1885
JSi^;-„=B'thw.Ext.-lst, 79,1910 •11334 II4I4 Roch.*Pitt.— lat, 8s, 1921 110
l3t,cons.,guar.7s,1906 IJJJi 128
General, 6s, 1924
9314 94
Pac. Ext.— Ist, 6s, 1921. "100
Consol., 1st, 88, 1922...
1st, consign., 6s, 19001 Ill's 112
Can. So.— Ist, int. guar. 5s
53
140
Mo.K.&T.— Gen'1,88,1920 74ia' 7534 Rich.*Alleg.-lst,7s,1920,
Bens. &Sar.— 1st, cp.,78*
2d, 58, 1913
BO's 61
General, 09, 1920
Rich.* Danv.— Cons.,g.,68 101 14 loa
1st, reg., 78, 1921
Beg., 58, 1913
8314
108 lOSV
Debenture 69, 1927
Cons., 7s, 1904.5.6
Denv.A Rio Gr.— lat, 1900 98 100
Central lowar-lst, 78,'99
57I2
67
60
77
Atl.&Ch.— 1st, pr.,78,'97; 111
Cons., 2d, income, 1911.
East. Dlv.— Ist, 68, 1912
1st, consol., 7s, 1910--..
83
77
H. & Cent. Mo.-lst. '90 •103
Incomes, 1900
Den.So.Pk.&Pac— lst,78. *70
lU. Div.— 1st, 6s, 1912..
45
39 3j Mobile* Ohio— New 6s.. 108 lOOia Scioto Val.— 1st, cons., 78.1
Chesapeake & Olxio—
Den.&HloG.West.— l3t,68 39
Collater'l trust, 69, 1892
St. L. * Iron Mt.— Ist, 78.; 114ia 115
Pur. money fund. 1898.. 109
Det.Mack.&Marq.— l8t,68 60
107 jl08
lat, Extenaion, 6s, 1927
2d, 78,1897
3iaa, S. A... ----Landgrant,
68, gold, series A, 1908
59'
107
Arkanaas Br'ch— 1st, 7b' 11034!
Morgan's La.ifc T.— 1st, 83
E.T.Va.&G.-l8t.7B.1900t 115
6s, gold, series B, 1903
.-- HO
48'iB i6^
17 14
Cairo * Fulton— Ist, 78.
1st, 7s, 1918
69, cun-ency, 1918
l8t, cons., 53, 1930
121'
loe"*
9o
Cairo iVrk & T.-lst, 7s. 108
Nash.Chat.* St.L.— l8t,78
Mortgage bs, 1911
Divisional 5s, 1930t
Gen. r'y*l.gr.,Bs, 19311 7II3 72
2d, 6s, 1901
Ches.O.&B.W.- M. 5-63.. '62"
E11Z.C.& N.— S.f.deb.,c.,63
114
lOBU
---•
H.—
1887...
St.L.Alton*T.
lst,7a:
YCenti!vl-6s,
N.
Alton—
Chicago &
1st, 68. 1920
86I2
107
10413I07
119 110 "q Eliz,I.ex.& Big Sandy— 68
80
2d, pref., 78, 1894
Deb. certs., ext'd 58
l8t mort,, 78, 1893
N.Y.C.&H.— Ist, cp., 7s' 136 I38I3 2d, income, 79. 1894 ----I "96
Sinking fund, 69, 1903. »117
Erie— lat, extended. 7s... 124
-----.
134ial35
*121
iio'
Bellev.*So.Ill.—
Ist,
8b'
109
190.S
78.
1919
lst.,reg.,
Rlv.—
1st,
.
La. & Mo.
2rt, extended, 6s,
IO4341
St.P.Minn.* Man.— l8t,73 li.3
.-Deb.. 5s, 1904
2d, 7s, 1900
3d, extended, 4 las, 1923. 103
IJl'a
Hud.Kiv,— 78.2d,8.f.,'85! lOSig'
2d, 6a, 1909
St. Tj. Jack.&Chic- Istl 117^4
4th, extended, 63, 1920- lOb'
11'2
109 110
Dakota Ext.-69, 1910.
Harlem- Ist, 7s, coup ..! 13414;
lBt,guar.(564),7s,'94 *117ia
5th, 78, 1888
'""
1143.
13234 13313!
1900
125
lat, consol., 68,1933...- 106.\ 107
l8t,
2d, (380), 7s, 1898
1st, cons., gold, 78, 1920. 114
.-• 7s,.,reg.,
1; •.
104 110
N.Y.Elev'd— Ist, 78, 1900 12013121
1st, consol., 68,reg.,1933 -----.
2d, guar. (188), 7s, '98
1st, cons.. Id. coup., 7s
N.Y.P.AO.— I'r. I'n, 0s,'95
Min'a Un.-lst, 68, 1922 108
Miss.K.Br'ge- l8t,s.f.68
Reorg., Ist lien. Us. 1908 .....
40
St.P.&Dul.-lst, .58, 19311 103
Chic.Bml.& Quincy—
Long Dock b'nds, 73, '93 il6 iis" N.Y.C.&N.— Gen..8s,1910 39
104^»
133»8l34i4
40
So.Car.R'y.-lat. Bb,1920,*
Trust Co. receipts
Consol. 79, 1903
Buft.N.Y.&E.-lst,1916 129
2d, 6b, 1931
N.Y.L.E.&W.-New2d68
N.Y. & N. Engl'd— 1st, 7s il5"i 117
58, sinking fuud, 1901,- 105=3,
99J4 99IQ
107
Slienand'hV.-lst,7s,1909
Ist, 6s, 1905;
CoUat'l trust, 8s, 1922
5s, debentures, 1913
76 13 77
N.Y.C.&St.L.-l8t,6s,1921
General, 6s, 1921
_,
Buff.&S.W.— M..8s,1908
la. DiT.— S. fd., 58, 1919 107
65
Tex.Cen.— lst,8.f.,7s,1909
Sinking fund, 4s, 1919 "95
2d, 6s, 1923
Bv. <fc T. H.— Ist, cons., 69 lOo
65
96
lat, 7s, 1911
Denver Div,—48, 1922.- »95
Mt.Vem'n-lst, 6s, 19231 94
N. Y.W.Sh.A Buff.— Cp.,5s "30% 3034
Burl.— Main. Bs *10
87
Registered, 59, 1931
Plain4s, 1921
Fl't&P.Mara.— M.6s,1920,»11334 II4I3
53" 303, Tol.Del.*
'10
lat, Dayt. Div., 68, 1910
N.Y. SU9q.& W.— l9t. 6s.t
C.R. & P.—fis, cp., 1917 ISO
Gal. Har.itS.Ant.- l8t,6Bi ...... 98
*10
129 "a
100
Ist, Ter. trust, 6s, 1910.
Debenture, 6b, 18971...
68, reg.,1917
2d, 7s, 1905
86
8934
109
Midland of N. J— 1st, 88 84
Tex.A N. O.— Ist, 7s, 1905
Ext. <S Col., 5s, 1934.-..
West. Div.— l3t, 68
80
111
N.Y.N.H.&H.-.lst.,rg.,49
Sabine Div...lst,6s.l912
Keok. & Des M.— Ist, 53 107 I....
2d, 6s, 1931
64
„,,
N.Pac.— G.l.gr.,l9t, cp.,68 102 13 102=8 Va. Mid.-M.inc.,6a,1927
Central of N.J.— Ist. '90 1. Ill 1....
Gr'nBayW.SSt.P.- lst,68 65
99I4' 9934
'IOII3 Wab.St.L.&Pivc.— Gen., 6s 'SIV
l8t,con8. assent. 78,18991
Regiatered, 69, 1921....
Gulf Col. & S.Fe-78, 1909 101
54I3
7818
N.O.T"ac.-lst,6a,g.,1920t
Chic. Div.— 59, 1910
Couv., assented, 7s, 1902 101 Vj 103
2d, 68, 1923
92
Hav. Div.— 89, 1910
Adjustment, 7s, 1903... 104 >4
Norf.&W.— Gen., Oa. 1931 83
Han.A St. J.—Cou.68,191 II634
72
Tol.P.&W.— l8t,79,1917
New River— 1st, 8s, 1932
Conv. debent. 68, 1908..
Houston & Texas Cent.—
'SI
85 |.
:^
Iowa Div.— Bs, 1921
Leh.ifcW.B.—Con.g'd.as.
Ohio& Miss.— Consol. s. fd 117
Ist, M. L., 7b, 18911 ....
72I3L
Ind'polis Div.-6s. 1921.
Consolidated, 7s, 1898.. 116=3'Am.D'k&Imp.- 68, 1921
Ist, We.stern Div., 78 1..
72 j.
110
Detroit Div.— 6s, 1921 ..
2d consolidated, 79,1911
Chic. Mil. & St. P.—
Ist, Waco* No.,78c....
95 13!
130
Cairo DiT.— 5s, 1931 ....
iBt. Springfield Div., 7s
let, 8.S, P. D
2d, consol., main line, 83
70
130
Wabash— Mort. 7s, 1909
Ohio Central- lst,6s.l920
2d, 7 3-IOb, P. D., 1898
2d, Waco ifc No., 88,1915
1920,
1902.
130
131
Term'l
Tr.,
69,
Tol.* W.-lst, ext.,78. -105 107
R.
D.,
1921
1st,
Ist, 78, $g.,
General, 68,
1st, St. L. Div., 7s, '89. 96' 101
l8t,I.aC.Div., 78, 1893. 118
Hou8t.E.&W.Tex.-lst,79
Ist, Min'l Div., Bs. 1921]
2d, ext., 7s. 1893
OhioSo.-lst, (is, 1921. ...I 89 14 90
l8t, I. tfcM., 78, 1897 -- 'I2034
2d. 89, 1913
Equipm'tbds, 78, '83.
Orog'n& Cal.-lst,ea,1921|
l8t. I.& D., 79, 1899.... 118
Ill.Cen.- Spd.Div.— Cp. 6s
7iJ
68=8'
128
Conaol. conv., 78. 1907 , „ ,
1041a
Or.&Tran3C'l— 68,'S2.1922l
lst,C. <feM., 7s. 1903.Middle Div.— Reg., Sf
124 126
801a 82
Gt. West'n-l St, 7a, '88 104 14 106
Consol. 78,1905 --- ..
C.St.L.&N.O.— Ten.l..7B
Oregon Imp. Co.— lat, 8s.
IIII4
IIII3
i'22ii
90
1893
122
l3t,6s
124
RR.iNav.—
2d,
78,
D.
Ext.,1908
>a
1897..
I.&
consol..
7s,
Oreg'n
1st, 7a,
1st,
Q.&Tol.— 1st, 7s, 1890
Debentures, 79. 1887 ...I
Ist. S. W. Div., 68, 1909. 112^2 113
2d, 68.1007
.'101
111
Han.& Naples— lat, 7s
981a
l8t, 5s, LaC.&Dav.,1919
Panama— S.f., sub. 69, 1910
Gold, 5b, 1951
90
115
Ev.—
Ist,
6s
111.* So.Ia.— lBt,ex.,68
lBt.S.Minn.Div.,68,1910 113
Div.,
Dec.
&
2d
78.
Dub.s S.C.—
Peoria
100
121 123
87
St.L.K.C.&N.-R.e.,78
Evans.Dlv.— lst,Bs,1920
l8t. H. & D., 7s, 1910
Ced.F. & Minn.— Ist, 7a, lie's 117 >a
83
Omaha Dlv.— 1st, 79. 79
116
Chic* Pac. Div.69, 1910
Ind.Bl.ifeW.-lst, pref.,78 112
Peoria* Pek. U'n- lst,6s. '101
1919
6a,
Clivr'daBr.P.\V.,58,1921
97
73
Railroadsl8t,Chic.&
Pacific
Ist, 5-8s, 1909
741a.
96
St.Chas.B^e.— 1 stjBs
67
112V113
Mlu'l Pt. Div., 58. 1910.
Central Pac.— Gold 69
2d, 5-6s, 1909
108% 110
103
723<
No. Missouri- lat, 7i
San Joaquin Br.— Bs
C.& I.. Sup. Div. 63,1921 98
Eastern Div., 6s, 1921
8513I.
Weat. Un.Tel.— 1900, coup 113
W18.& Min. Div.58, 1921 9534! 98
Indianap.D.ctSpr.— l8t,78
Cal. & Oregon— 1st, 6s •99
112
91=4' 91 'i
78
1900. reg
Terminal 5s, 1914
Cal. & Or.— Ser. B., 6s. '99
lat, 79, ex fuud. coups
Land grant bonds, 8s. 9913106' N. W. Telegraph— 7s. 1904
Chic, ife Northwest.
Int.* Gt.No.— l8t,88, gold 105 14.
10634'
66
661
63..
Miit,.Un.Tel...S.fd,Bs.l911
6»>i
1885.
103
85
Bonds,
Fund,
Pac—
Sinking
78,
Coupon, Bs, 1909
West.
INCOME BONDS.
Consol. bonds, 7s, 1915. 136
No.R'way (Cal.)— 1st. Os 108^3
Kent'ky Cent.— M.68.1911
(Interest payable if mrruA.)
Extension bonds, 78, '85 1021a'
stamped, 4 p. c, 1911 ..
So. Pac. of Cal.— 1st, 6s. •9714 98
I6I4 17
10234'
Atl.*Pac.-Inc., 1910...
1st, 7s, 1885
Lake Shore it Mich. So.—
So. Pac. of Ariz.— Ist, 6a
Central of N. J.— 1908
So.Pac.ofN.Mex.— l8t,88 9334
Coupon, gold. 7a, 1902.. 130%
Cleve. & Tol.— Sink'K fd 102131.
10%
E.T.V.&aa.-Inc.,6s,1931
Begisfd. gold, 78, 1902. 129
New bonds, 7s, 1886.. 103
Union Paolllc— Ist. Bs.- H514
16%
112
Or.Bay W.* St.P.— 2d,inc.
einking fund, 6s, 1929. 11234114
Land grants, 7s, '87-89 106
Cleve. P. & Ash.- 7s.
21)
119 120
... 114
Ind.Bl.*W.— Con., lnc.,63
123
Sink, fund, 6s,1929,reg.
Sinking fund, 8a, '93.
Buff.& Erie— N ewbd8,78
11
IH
104 's 105
11913 lud'sDec* Spr'p— 2d,inc.
Sinking fuud, 58, 1929
Beg., .8a, 1,893
Kal. * W. Pigeon- l.st.
102"
60
Loh. * Wilkesb.Coa!.— '88
Sink, fund, 5s. 1929, reg
Collateral Truat, 6s.
Det.M.ct T.— lst,7s,1906
10
97 >3'
OS. 1907
L.ake 15.& W.— Inc., 7s, '99
Slnk'gfd. aob.,5s, 1933.
Do
Lake Shore- DIv.bouds. 119
«9
9534: 96
Sand'ky Dlv.-Inc.,1920
Kans.Pac— 1st, 6s, '95 ii'i'
25 years deb. 5s, 1909
Consol., coup., Ist, 7S. 128 .I29I4
14
*110
I28I3I27
112
-Inc.,78,'99
114
y.—
Laf.Bl.*Mun.
l8t,6s
Kacanabaibl..
1st, Bs, 1896
Consol., reg., 1st, 7s ..
80
II5I4II6
Mil. L. Sh.A W.— Incomea
Des iM.&Miu'ap.— l9t,73 *124
Denv. Div.68,as9.,'99 108 109
Consol., coup., 2d, 78.
4(»
1151311513
98
Mob.* O.— lst,prf.,deben.
Iowa Midhmd— Ist, 88. '125 130
Consol., reg., 2d, 7b
1st. consol.. 6s,1919
22 >l
'120
2d, pref., debentures..
Peninsula lat, conv. ,7s' 125
i....
C.Br.U.P.— F.c..79.'95 102 13
Long Isl. RR.— Ist, 7s,'98
107
3<t, pref.. debentures.
Chic.<& Milw'keo— lst,78 126
At.C.&P.— lat,09,190,^ •92
1st, con.sol, 5s, 1931
4th, pref., debentures.
Win.* St. P.— lst,78,'87 1001310714 Louisville & Nashville—
At. J. Co.& W.— lat, 69 -90
llSial
125 1251a
911a
N.Y Lak6E.*W.— Inc.Bs
2d, 73, 1907
Consol., 78
Oreg. Short-L.— 1st, 69
9812
98 100
Mll.&Mad.— l8t,6s,1905 11413
Ohio Cent.— Income, 1920
Cccilian Br'ch— 78, 1907
Ut. .So.— Gen.,79, li)09
90
Min'l Div.— lnc.,78,1921
92
Ott. C. F.* St. P.— lst,5s 10134 102
N.O.A Mob.-l8t,63,19a0 89
Bxten., 1st, 78, 1909
22
9834 98' Ollio So.— 2d inc., Ua, 1921
70V 75
C.C.C* Ind's— lat, 7, 8. fd 121 1211a
2d,fl3, 1930
Mo. Pa*.— lat, cons., 6s.
»121 12313
109 111
PeoriaD.* Ev.— Ino.,1920
Consol. 7s, 1014
E.H.&N.— lst,8s, 1919 10638 10714
3d, 7s, 1906
30
94 '8 95 14'
Evan8V.Div.— Inc., 1920 -. ....
Consol. sink, fd, 79,1914 *118 124
General. Bs. 1930
Pac. of Mo.-lst, 6s... 10513
45
109
Boch.*Pittsb.— Inc..l921
General consol.. 69,1934
2d, 7s, 1891
Pensacola Div.— 68,1920
3»
07
Rome W. & Off.— Inc., 7s. I*
98
Chlo. St. P. Mill. & Cm.—
ist. L. Div.— 1st, 6s, 1921
St.L.* S F.— 2d,08, CI. A
29'
96 14
So. Car. Ry.— Inc. ,68,1931, •---..
113
4518L
C0U8OI. 8s, 1930
2d. 3s, 1980
88, Class C, 1908
SO
26
Div.bda
97%
StL.A.* t.H.
CSt.l'.&M.- Ist69,1918 "119
Nashv.* Dec.— 1st, 78.
68, Class B, 1906
FREE LIST.
No. Wis.-lSt, 68,1930.1 ....
S.&N.Ala.— S.f.,e9, 1910
90
1st. 6s. Pierce C. * O.
110
Cin.&Sp.-l8t,C.C.C.*I,78
i6i'
119
1895.
B.C.l8t,68,1019
Epnipment,
7s,
P.&
Lonisv.
L.—
6S.1931
St.
C.&
110
lst,guar.,L. S.&M.S.,73l
88
Chlc.A K.Ill.— l8t,9.f.,our. 11,^14114
Gen'lmort., 8s, 1931.
Trust bonds, 08, 1922.
891a
Consol. Coal.— Conv.63,'97,*104ia 105
Consul., 1st, 68, 1934
70 >« 72
99 Is 9913' 10-40,89,1924
So. Pac. of Mo.-lst. 6s
'91
102%
la
Penn.—
lat,
68,
77 13 80
107
&
Cum.
43Mc.St. L.&P. — lst.con.5s
1919
66
1st,
8s,1905
<&
W.-lst,
6s,
70
Tex.&Pac—
L.Erie
7514
2d, 69, 1888
„„
Oblc^ft W. Ind.-lst. s.f .,8s
Consol., Bs, 19051 ..
Sandusky Div.— 6b, 1919
6OI3 61
34
36
Col.C.*Ir.Co.— lat,con.,63
Obo'I niort., Cs, 1932 ... ioii^ ibe' Laf.Bl.it >r.— Ist, 88, 1919
„
68
Income & Id. gr.,reg
62
633, Dea M. * Ft. D.— lat, 6s.
O0I.& Oreen.— l8t,88,1916
Louisv.N.AIb.&C— l8t,89
Rio G., Bs, Aug. cp. on
87"
86
l8t. 69'
exAug. cp
Ft. W. * Denv.
ai, 69, 1926
Do
481a 49
'74Hs 76
General mort., 8s, 1914
•43
90 14 901a
Fargo & So.— Ist, 69, 1924 'SO
75 176
Ool. H.Val.ATol.— Ist, .68
Gen. mort. * Tor. Bs.
Lou. N. O. * Tex.— 1st. 6s
*50
l8t,'58
(}alv.U.*H.of'8-2—
W.—
7s,conv.,'02i
I...t
909
RR.—
Del.
Pennsylvania
Mauhat.B'ch Co.— 78,1
,*118
135
Pa.Co.'8gnar.4i.2S,l8t,cp 100
100% .Warren.. -2d, 78
Mortgage, 78, 1907
N. Y.&M.B'h— 1 st,7s.'97
130
Syr.Bing.&N.Y.- lst,78 130
138
Moms* Essex—1st, 7s. "ll*
Railroad Bonds.
2d, 7s, 1891
2d, Ss,
1899
Mex. Cent.— 1st,
|..---
Ist M., 7s,
7b,
1911.
ex-cp.,B,7,*.fe
1
!
1
,
1
.
'
1
'
1
]
I
1
|
I
.
'.
.
|
.
|
|
1
,
j
.
-
.
i
. .
I
I
—
I
.
1
I
I
I
.
I
1
I
I
.
.
I
I
.
-
I
I.
I
.
n
. . .
'
.
\
.
.
I
.
-
I
—
.
. .
1
'
.
I
.
1
-
.
1
C—
I
ll
• No prices Frldar
;
tbese are latest auotationa
made
this week.
t
Ooopons off.
.
—
.
IUt
I
CHRONICLE
rrTHE
10. 1866.
.
.
Quotations la Boston, Philadelydla and Baltimore.
N>w York
M8
(Ilv H">.l".,-Tlv,folJowtomt««niimt.h«w.Ui«
Hankn of Now York City for
Um
1
SEOVBITIKa.
Atch.
sKcnniTiRs.
4a
nid.
.'
DitminU,
BtMtoti
Tt..
I.DWi'll
J;
6»
-..
I
"
lit
'
IfawYork
X07
ManbatUn Co
V
•')
.
000
^f-r^haota*
'
lo»'
Pbenlx
Ik
;),
i.-iSH
'••,
iflau
L,ii
Mextriin
'.1HS3.
7rt
(.'I'litr.il
iiip
,
*
N. Mrxloo
So.
'
s,
Income
Colony— 7«
vtrn..
e>
Pneblo A Ark. Val.— 7»..l
Rntlanil— «», Ist
Banora-79
US'*
US'*
STOCKS.
t
^.
1
jm.i
op. '96.
...
,
C—
108
i
Cona.,78, reg., 1911 ....
Cons., 76, coup., 1911 ..
Cons., 68, g., 1.R.C.19U
Imp., 68, g., coup., 1 897
Gen., 8s, g., coup., 1908
Gen., 78, coup., 1908
Income, 78, coup., 1896
Cons. 5s, lateer.,c.,1923
Cons. 5a, 2d 8er.,c.,19S8
Conv. AilJ. Scrip, '85-88
Debenture coup., 1893i
Scrip, 1882
Conv.. 78, R. C.,1893..«
Conv. 7a, cp.off, Jan.,'86
Ol'i
lai
Fltohbar
13
Fllnt A Per« Marqaette.
78
Preferred
Port Scott A Gulf
H9
Falls
A
Hloni CUy.
;S3
A
A
BiirtnRf'd
C. fUn.
C. SprlMRf. A Mom.' ....
t't. smith, i
.,
Little Uock
LoniKlanaA Mo. River..
Preferred
[
87
70
87
36
,
19
40
lUb'
»3
30
31
I
Maine Central
ICarq.Hoii^bi'nAOnton.
Fref erred
Metripolitan
Mexican Central
NaatauaA Lowell
.....
83
|
N. Y. A New Kughmd ..
Northern of N. ilarap.'jh
Norwich A Worcester..
1
18^
18 '(
114
161
Ifl"
l&U
Old t;olony
Ogden»b. A L. Champlalu
9V
Portland Saoo A Fonam. 130
17',^ 18
Rut lit ltd— Preferred
«ii;^ 13
yuinniit Branch. ...
WnriH'.sier A Nu.4hua
80
Wisconsm Central
10
PIIILADBLrniA.
KAILHOAD STOCKS,
^130^
Ih
Catawisiia
Ist preferred
2d preferred
BelawareA Bound Brook 129
Kaat Penn.Hvlvanla
Elnilra A WUllamsport,
Broad Top
I.
,
I
vlvanla
.
Erie
V
I';
Norriatown
lit
A
Phlla.
Wilm.
Ueailiiig
Bait...
Pittsb.Clu.A St. L,.—Com.
United N. J. Companies..
West Cheater— Cons. pref.
A
West Jersey
West Jersey A
Ist,
A
Ih'
T^
30 >i!
Importers'A Trad.
Park
North River
East River
Fourth National..
1,61)2.000
7.122,000
2,H.'j:l.000
1.811.600,
3,2'JI.OOO
4,3:17,600
877,800
7115,600
6,817,200
1.963,800
31.189,400
33,353,600
1,878.000
2()s.lnO
410.000
,58:<.01O
.130.300
Fifth Avenue
German E xch'nge.
2,8ii2,800
1,8;!8,200
Gerraanla
United States
Lincoln
1,710,000
2,507,800
I. .554, 100
Garfleld
l.'JOl.lOO
270,100
233,400
ntth National
1.095.800
B'kofthe Metrop..
Sl.le
483,706
6,037, 1(X)
German. .V meric'u.
Ohaae National...
2>5.00O
132.'J00
».56.«no
,390.100
16.394,300
8,964.000
3,309,000
6,333,100
18,913,800
4,391.300
494.000
« 16,000
363.000
891,000
417,000
305,600
111,600
874,900
165,800
300,400
5''9,700
360,400
574.200
1S9,7.)0
2,',l62,80O
825,400
74>1.500
4..S13.nO0
1,464,500
68,>iOJ
492,600
1,7:4,700
794.700
150,000
251,000
397,5(10
600.000
314,600
745,1001
|102'i
1886,
331.400
180,000
337,000
34,900
45,000
438.400
179.300
118,000
180,000
l.'287.700
101,900
115,700
206,000
1,098,900
103,506
989,900
45,000
S.'i78.{l00
3,387.800
3,473,700
8,993.000
3.213.400
3,494,900
2.185,300
3.635.600
1,792,500
1,'« 1.300
1,331.500
94,OiX)
49.006
l>-0,000
44.2(10
177.100
138,1M
299,100,800113037000 32,740,900 381.908.700'l0.797.(
The following are
103
364.700
2,4.^3,2001
«1,H00
307,000
142,000
7.843,400
4.750.700
15,172,900
4,287,900
1,085.800
3.007,000
1.784.800
2,477,700
2,919,100
2.-..',.7i>0
..S8O.70Oi
85.000
310.100
5,778,400
2.55^.000
92J.0OO
1. 110.100
6,675.500
808,000
331,700
1.088,900
12,91)0.000
Total
Loam.
I
totals for several
Spe«ie.
weeks
\LiTtnitert,
DepotiU.
past:
$
9
iOtnulaUmi Am.V(
1
9
i07
"g'e"'
S
*
I
t
\
•
Apr.25 398,343.7i)0ll09958400 S2.388.2O0 35-!,8l6,700 10,810,300 434,314.781
2 296,8 16,10U!H 1484200 33.'.>43,«00 !tS3.31<»,400 10.811.800 41!. ll.su
May
'
Jilil, 100,800' Il:f0370(llll32.740,9(>0 .161,9 >^7t)0 10.797,500 5(>7.034,8«8
11
1
Boston Banks.— Following are the
'.'.'.'.'.'.
Atlanta
198
196
totals of the
Boston bankfe
& Charl.— Ist...
Aug.— Ist.
Waah. A Bait.—lata.
2ila,
T4
'•
68, gold, 1900, J.
58, Seriea
da, Seriea
16
A J....
Pittab.ACou'ella.—7bJAJ
Union ItK.— l9t,gua.J.tJ
144.5.i2.»00
A Tenu.— 5s
W.Md.—68,
1905
Conaol.,0», 1913
Bnir. N.Y.A Phll.-l»t,6«
ad, 7b. 1808
Cons. 6s, isai
80
lU9<g
'.'.'."'.
118<a
l'«Si 127
l«t, g., J.
A
}
In detaolt.
i
74,204.556
74.267,010
.\pril36.
a.
74,07.1,191
4.215.60(1 l"2.(99.50l
Lou/ul
84.!MI>,4li
66.082.308
.•»,»38.100
bauka
totals of the Philadelphia
Drimilt.' ]OirculatloH.'At^VlMr^
Afonei/.l
9
*
25,75!l.50!
35,9-19,069
3ti,62 1.237
74,05'2.380
Unlisted Securities.
70
6T-,
175
13u
112
86
112'4
9^'
lbs'
93 if
93
97 '4
56
26 »
UU
a8
30
117>i
lOOVi
10i>«
106
105
123
117
•
*
74,395.191
74,955,661
I
7,691.068
7,864,081
7,667,337
A J.
126'a 128
106
'('•111.
I
41.340.
^
44,48'4.'
44,
1
»M
—Following are
latest quotationa for
BH.
^curUi^s.
Seeurttttt.
Atlantic A Pan.-Stotk....
Cent. Div., 1st, new....
Accumnt. land grant
Bank.J;Mer<-)i.Tel., lat.M.
North Biv. Cons.— 100 p.o
Ohio Cent.— RIv. Div., lat
Incoiii.a
Fenaauola
Bost.H.T.A We8t.— St'k.
PlKstiurg
Dcbenturea
N. Y. A Phlla.. tr. 68
Denv. A Rio tiraude—Cona
l-.,.,i:ii
lat
Buir.
58
Denv.A Rio Or.
A
Ben. B. u.
Last price thisira«k.
8
l»r,
l**
A
Atlautio
lat uioit
Gen. niort
Suba
.ft
We«t«rn
mort
r,-!..,-,:.i,i,
)
S
08
8
67
-Stock.
"»
W
03^
>
W., lat M.,
-.-(Lock..
14 >•
I
i;.-
.
,
.
..u^^'t^H.**
r
58
Settlement, 6a
,S«1. R. A D.-2d, atpd '80
:-*'lln-iii.-nt.
Geoigta Pac.
—stock
85 V-
lat luorL.Ga
3d mt»rt
Eans. ,t Neb.. Isttr'tcer.
2d trnat cor
KPfly Motor
Lonisr. A N.—Ai\t. bonds
Mexican National
A
k}t. Jo. A
w„sikiroitcer. 17
Pac, 1st Ir. cflr. 114
46 S
3d >rz8i oer
|Te\ AC i.Iiiip.— Kx.bond 1/v,
St. Jo,
I
il
•
-Serlp 1884.
'111.
,1st
-t..«-.k.
N. Y. M.
N. Y. W. sh.A U.- Stock.
North. Pcc.-Dlv. b'Vtida
1
.
1
.
19
v«
«1
M
I8t mort
Mo. P.iclflc—Old stock....
Cowdryotfs
N.Y.A.
1
<tock
Guar, by D. A It. G
Rdiaon tilectrlo Light
M.K.AT,
115
•
past;
las
I
Do. ox
113*4 116
7-
week
Pref
100
Wilm.C AAlg.—«»
Welno.i
Loans.
M&y
107
A
A
S.J 14.900
Philadelphia Banks.—The
2d, guar., J.
J
2d, guar, by W.Co.,J.AJ
J
6», iJd, guar., J.
W(l.
Cleafd
Circutation^Aft.
are as followa:
Canton endorawl
Virginia
88
Oap-1 at, 7», H93. 110
Per share,
A
B
VepotUt.
s
9
•
Apr. 25 144,67 l,9ilO 8,452,000 4,335.400 103.0.'.8,300 3a,»38.'J00
114.858,300 8,529.800 4.434.400 101.892.80(' !3,5I4,I(lO
3d9
42 »8 ColumbtaA Greeav.—lata lot's 102
75 '8
2d8
No.Central-6a, 'SS, J.AJ. kV.'H, 10J»4
118 lia>s
6s, 1900, A.
AO
L, Tauten.
Specie.
*lncladlng the item "due to other banki.'*
inc
Col. A
V t?harl.
2d
Laan$.
1885.
$
KiUt.AOhlo— 68,,'85A.AO 101>« 105
10; >9
Cen. Ohio.- 6a, lHt,M.AS.
l8t, Ha,
t
~i
RAII^ROAU BONDS.
19U8
* Ex-dividend.
18
120
6
60
60
60 "50"
50
38
lib
60
Parkerst)urg Br
Central Olilo—Com
Western Maryland
lOrf
Belvld'e l>el.— l8i,6a,190a 130
ad, lis, 1885
101
104
3d, 6a. 1887
Bell's
^
Continental
Oriental
<H7.000
KA.XOOl
:
603.200
410.100
415.0)0
701,000
782.400
1. 580.800
83 >a
I'ret
Pltt.-!b.-J.»t,«8
lis, rei;.,
Shoe A I..eather
Com Exchange ...
Bowery
42
27
...
.
135.100
405.800
3,'2H6.100
8.57.400
410.2(M)
2.163,300
3.970,400
1,811,700
2,911.000
5,166.700
4.170.900
1,877,800
17,995.000
I7.«)0,400
N. Y.County
30
j
Nicholas
St.
7'J9,40O
2.441,0110
...
..._
.
Third National ...
N. Y. Nat. Exoh..
75
81
20
Cltlitna'
Flret National
RAILR'D STOCKS. Par
AUegb. Val.— 7 aiOs,
Aahtab.
135
17
'2d pref.
CANAL STOCK.S.
LeblKh Navigation
'96
78, E. ext., 1910
Inc. 7b. end., coup., '94
1.'5
:'4|
Atlanta A Charlotte,
100
Baltimore A Ohio
l8t pref
Cin.
KAII.HOAIJ BONDS.
I
SS's
Irrtng
7.603.000
2.466.000
Central National..
Second National..
Ninth National...
115
74
76
3,425,'iOO
West
7s.
GO<a
Atlantic..
Penn.sylvanla
Schuylkill Njtv., pref...
-
BALTl.nuKE.
6a>.i
Nywtown A N.Y.
Phi la.
ill9\
73^1
'
58>
561
52
18
i
PiiDi*. t.t-i.
Plilla.
A Tit;.
—
Bl>i
ISciuilu tt Weat'n— Com.
Profi'rrod
Not rli"t n Contra!
-Nil.
;i.
Conaol., 69. 19(»5
20
56 >^
CANAL, BONDS.
53 >a Ches. A Del.-lst,6.s,1886
Lehigh Nav.—69.ieg.,'84.
Mort. RK., reg., 1897 ..
Cons., 7s, reg., 1911
Pennaylv.— 69, CD.. 1910..
ichaylk. Nav.— I8t,69,rg.
"eo'i
Haven...
Valley....
„'
1
106 3«.
America
Hansrer
l.t75.70O
78.
Com— Ist. 7».
2d, 69, reg., 19
58>9
Mii";;i;;;;;
1,1
?:I.
K-
40
67
Preferred
1
—
35
PrefeiT6<l
I
Peoplu'
NoTtli
Naaaaa
Market
'i4tf.lOO
6.426,400
3,761,300
1,41«,«00
1
Preferred
Uap
123
133>( 138 <4
107 "a
124
134
91
96
113
"34'
A Pac— lat, 68,1905
Tex.
•
Hi
ISO
1.
1
18,li2
6.81<'
8,45 !..„„,
3,'i0'<,4UO
Broad wa;
136
130
105
"93'4;'98>i
A W.— lat, 53
Sunlt. Hajs.
2d, 68, 1939
Syr.Oen.A
T
W.
Commerce
Coua. 68. -j
..Cons. 68, ^>.
ioi"
Gen., 48, ioid, 19J3
Warron A F.— lat. 79 '98 lot
West Cheater— Coua. 7a. 115
W. Jersey— Ist, 68, cp.,'96 114
124
l8t,7s, 1899
Cona. 6s, 1909...
W.Jeraey&Atl.— l8t,68,C. 108
Western Penn.— 68, coup. 106
108 Hi
69. P. B., 1«96
Gen., 7s, coup., 1901
AUeRlicny Valley
AshtabnlivA Pittsburg..
Huntinifrd'u A
PreferitMl
Lehivli Valley
SnnbniT ABrie—lat,
United N..i,
f
Bnffalo tf.Y. A Phil
Preferred
Canideu A Atlantic
Maanrrs.
Ward....
ShamokiuV. A Potts.-Ta
Shen. Val.— l8t, 7«, 1909
Oen'168, 1921
Income, 6», 1923
J
Income, 58, 1914
Vi'9 Union
Preferred
Bell's
Phtl.WU.ABalt—4s.tT.ot
Pitta. Cin. ASt.L.— 7a.
Pitta. Titua. A B.—7b,ot.
i.'i:
l«M«1i Rxah'gc.
'
Iowa
jh
,
CityAChlo.— 1st, 6a..
Creek— l8t, Oa, coup..
Oil
Oil
,
•70y 70V
Atchison * Topeka
Atlantic A Paclllo
7'al _8
Peunsylv.—Qeu.,6», reg.
Boston A Albany
;•_•_— iJTi!
aen.,68, cp., 1910
108>4'109
Boatnu A T.owelf.
Cona., 68, reg., 1905....
'177
178
BOKtou A Milno
Cons., 68, coup., 1905...
"180
BoAton A rrovirtcnoe
Cons., 58. reg., 1919....
Boston llevere B. A I.ynn 110
Pa. A N. Y.
78, 1896.
78
Carabrlrt.c
7,1906
50
Cheshire, preferred
Perkiomen— 1 8t, 68,cp.'87
Chic. A We«t Michigan
Phil. AErie-lst,78,cp.'88
I019
Clnn. Sanilaaky A CleTe.
Cons., 6s. 1920
Concord
Cons., 5a, 19'20
170
Connecticut River
Phlla. Newt. A N.Y.— l»t
Frtflsnnipslo
77
Conn. A
Phil. A R.— l8t,6s,1910..
Cvnnotton Valley
2rt, 78, conp., •.893
Kan.
Kan.
•o
126
UebeniurvSa, reg
Norfolk A We«t.-Oen..68
86H 87>l
N. K. I>lv., l8t. 6a.lfl33
N. Y. Phtl.A Nor.-lat, 6a 100 Wi 101
Inc., 68, 19H3
42 >3 30
Oirt
Preferred
t
loa'ATr..
1,211
,
136
126
,
.1023.
i, 1920
Pac— 7»
Det. J..iii8iM;< A No., pret.
Eaatcrn, Mass
l.iti,
85
AK.,'98
;i)
UCh.— Oon.6s
OSfleoKb.*
I'AUrav.,
t.'«id.',7s
.i
10a
M. KnKland-6*..
Iifljouturt',
A
I
82 ig
Scrip
N. Y.
7«
,
I
lot
K.,1890
luooiiin
in
'
1011
Mom.— «»
K. Clty-pil.e
1109
1910 i;«
,>la,
.
tnt.
a
3a\
..
1
.
;
THE CHRONICLE.
591
[Vol. XI*
RAILROAD EARNINGS
latest railroad earniags and the totals from Jan. 1 to
latest date are ^i^'en below. The statement includes the gross
The
bamings of all railroads from which returns can be obtained.
The columns under the heading " January 1 to latest date"
furnish the gross earnings from Januai'y 1 to, and including,
the period mentioned in the second column.
Latest Earnings Reported.
Jan. I to Latest Date.
Soadi.
WeekorMo
1884.
1885.
82.831
85,306
1,346,13^ 1,401.050
6,824
6,468
Bar.Ccd.R.&No. Ist wk.Miiy
54,847
50,294
Ala. Gt. South'n April
Atcli. T.
&
&
.
Man
8t wkMay
P
8.
Bust. H. T.
11
\V.
1
Canadian P.icilii! iBtwkMay
Clilc.
Burl.
Chic.
Chic.
& East
Mil*
20,040
April
1.735.0111
Marcb
Mar.li
268.775
53,30
MaicU
l'i8,528
let,
wkMay
III
N
O.
P. April
wkApr
Clev.Akniiic&Col
Clev.Col.C.& Iiid
Couiiotton Val..
Danbury & Nor.
Deny. & Rio Gr.
wkMay
lat
412,300
106,000
25,"'85
62.411
194,(0
38,439
9,24
273.611
24,400
16,443
110.789
68,173
6,146
.
Cin.Wash.&Balt. 4th
viar.h
March
March
Ist
wkMay
Denv. &R.G.W April
Bes Mo. & Ft. I>. lat wkMay
wkMay
1st wkMay
Det.LansV&No.
& P. Maiq st whMay
Flor. R'way & N. IstwkMaj
Florida South' n. .March
Ft.Worth & 'en. April
Flint
;
I
Gal.HHT.ife 8. An. January...
'
Grand Trunk
...|\Vk May!).
Gr.BayW.4i8t P. 2d wk Mch
Gulf Col. & S. Fe ^rarch
WkMay
WkMay
wkMay
&
K.C.Ft. 8. & Gulf 4th WkApr
IIl.Cent.(Ill.&So) Ist
(Iowa) lat
Do
Ind. Bloom. W.I ist
Kan. C. Sp. cSi M. •Jtli wkApi
Kentucky Cent'l March
littke Erie & W. 3a wk Mch
Ii.Kk.A Ft smith March
l..Rk.M.Riv.&T. March
.
:
.
'
lat wkMay
Ijong Island
<5e Mo. lilver. January ..
January...
I^'a Western
Loui8v.& Nashv. 1st wkMay
X'a
Manhattan
Kl...
MarHough. <!iO.
Meip>.
9 dya May.
4th wkApr
& Charles March
Mexican Central let wkMay
Hex. N.. all lines March
Milwaukee & No Ist wkMar
Mil L. 8h.& VVes
Minn. cfebt.Liouls
Mobile & Ohio
gash.Ch. ASt.I.
.0.& Northeast
.
&W«
Ist
wkMay
March
April.
..
.
March
April
March
N. Y. Pa. & O March
N.Y.&NewEuK. March
H."S. L.Erie
Korthem Cini'l
Worthem Pacific
& Miss
Ohio Southern..
Oregon Imp. Co
-.
Peoria Dec.&Ev
Phlla.A Erie ...
Pliiia.& Reading
Do
('. <v
Ii'on
Kichm'd &Danv.
Ch. Col.
& Aug
Columliia&Gr.
Georgia Pac
Va. Mlilland..
West. No Car
Boch. & Pittsbg
.
Home Wat & Og
Bt. Jo. A West'u
Bt. L. Alton ,\iTH
Do
Bt
(Branche^i
L. F. S.
&
P.icNo
W
Ijiv
Bontheru Div.J
Arizona
New Mexico.
Texas & N. O
Tex. & St. Louis.
Tol.A A. AN. M.
. .
&Pm\
79->.05r
811.04.'
8,1:9
316,14
21.987
13,559
7,030.823
1,828,986
528,437
691,976
784.988
580.480
149 751
609.497
152,710
803,40e
8.16,901
64.900
66,67:
44.093
39.2i16
129,21'.
1,847,7.-3
67,290
5,51s
28,765
1,732,175
230,605
14,36f-
331.109
*.-<23.6'26
14,26)
4«,o31
19.134
32.101'
42,500
254,134
305,857
6,685
121,676
163,760
27,056
41.475
49,0 14
31,368
65.377
19.548
46,270
26,326
236,639
639.761
373,791
78.927
112,17f
211,097
5,197,077
52,251
271.639
3,714 009
496,3d6
g01,)3i
848,613
588,903
186,149
254,134
5,802,406
67,716
385,049
3,431 470
144,459
91,310
726,664
45,16j
39 8i8
4,939,993
127,740
84,339
6e3,862
51,211
50.666
4,627,487
81,330
351,765
1,341,379
87,827
335,816
919,397
211,097
26ri,99t
6,69S
95,445
173.300
26,00U
41,30"
50,799
34.CI83
71,.^7l
23,163
4H,h08
26,6'i4
5»,755
45,163
39,828
246.815
179.147
8.055
109.252
7«,500
139,121
10.260
21,785
190.432
126,537
186,737
57.893
440,107
263.934
138.100
91,098
44,433
26,'252
17,0rtl
5.9,587
51,211
50,666
259,710
167,364
9,648
111.925
61,249
145.143
10,0i<7
20,435
143,233
167.790
20K,819
26.390
467,131
259,4^
142,549
71,701
50,959
27,919
402,564
483.360
873.10 1,411,514
27,106
17,63
79,314
88,988
April
39,59H
38.809
March
225,527 291,62
.March
3,63^,374 4,0 12,62
Ist WkMay
11.2.)
10,234
Match
2hO.4«0 285,402
March...
1,919.502 2,188,144
.March...
914,465
1,05 4.46a
April
301,097
317,181
Apiil
52.828
54,8 If.
April
39.481
45.728
April
32.07
49,853
April
124.094 130841
Apill....
33,8i4
37,28y
l-i, WkMay
l!t,l38
18,974
April
132,957
151,476
April
87.64
75,116
Ist wkMay
22274
17.377
Ist wk.viay
9,300
12,92
l8t WkMay
5,72
11,390
1st WkMay
72.0-29
77,652
wkMay
•2d wk Apr.
I
406,100
190,795
375,053
447.94(1
683.668
,546.64:
2*1,6.45
3,4.59.463
1,170,772
720.450
112.868
465,172
296,759
969,469
236,251
8'il,S31
373,3
1
1
4--.,009
VS. 8.-3
,^6:i,0-3
771,994
747,173
289.879
169,907
172,315
369,757
379,428
603.5:6
60 1,306
13J.204
3.683,632
l,2s7,519
755,120
230,26-
199899
883,8.''3
895,t.35
142,5ri3
110,673
1,276.62.=
2,6-J8.263
327,616
1.271,023
3,554.658
338,163
143 05J
670,7ol
780 146
149,492
9,98S,59t> 11.003.593
237,?4l
690.67^
5,560.513
2,868.8-(ti
1,297,202
289,993
251. Ivi
2-^0,099
449.138
143,802
360,311
482,911
400.748
261,72'
265,498
747,(67
6.336.286
2,3)0.264
1,273,954
271,355
231,06)
1 2,997
466.90;)
12t(,183
321,910
456,444
4!<8,915
29o,992
161.867
1,5(6.120
14,547
23,241
180,4-8
1,433,463
291,938
707,^00
114,412
82,300
804,9!'9
2.Ul,lo3
305,461
2,351,619
llo.l-.95
355,518
37.1,594
72,!>7!'
247,
Kebriiary.
137,nl6
56.711
238.2-^2
15-2,101
184,92.
522,12
275,879
109,5 -(7
65,075
305,9 !<
85,7 3
15?, 392
Feoruary..
February
.
February..
January...
4th wkipr
April
it
April
Wab. St. L & P April
Weat crsev
[March
.1
Wlsoonsin Cent'l
6(',707
211,495
41,890
1.^9
65.07.')
12,h42
2il,5«3
lt\>
wkAnr
82,i.5(t
54,75-<:
94.986
12.373
17,400
1,965.497
75,433
37,054
5,475
23,181
1,114 4«9 1,187,111
82.403
fil.;-i4«
• Not Including eamlnes
82 4'»4
42 2-6
:
518,018
318,170
1(j9,5S6
111,31.
94,986
224,824
64,-61
5,037 945
150,716
161.582
44,4,2
4,8-17.5.!-
5,07-',?,0l
209, 167
218.980
4-0.83S
•I8f,2(i7
5,214,11
140,375
147.1130
of New York 'nansylvanla it Otilo road.
*Mnt iDcludldS the first six days of January, preoediug time when
SAnelreriook possession.
finrln^f. in either year.
t Not inctii'liiig Tud. Denat'ic
t Mot luuludiug Uuiura.to DlTlalon la eltlier year.
A
The Investors' Sopplbmbnt contains a complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
of Railroads and other Companies. It is published on the
last Saturday of every other month-^oiz., February, April,
June, August, October and December, and is furnished without extra charge to all regular subscribers of the Cheoniclb.
Extra copies are sold to subscribers of the Chronicle at 50
sents each, and to others than subscribers at $1 per copy.
ANNUAL REPORTS.
56
14,217
39.777
19.2^9
25,191
-March
Vlckgli'g it Mer. Apt
-
1,^0, =
301.22rf
2.6!I3,454
13,o5c
Union Pacific... March
l,975,M7
Otah Central ... February.,
55,3116
yickab.Sh
474.257
2,590.034
7,179,083
1,660,025
395,065
April,
Bt.L.&Saii [-ran
Bt.Paul&Dul th 1st wk.May
Bt.P.Min & Man April
Bouth Carolina.. M arch
Bo.
1,216,326
%^i\X0K& %uXz\liQ&uct,
6,355,119
860,235
324,400
Ohio Central.... let
Peniisjivaniii.
S<0;.016
435,200
115,300
30,633
t,269,24M 1,177,8>»2
H. Y. Ont. & W. April
Jf.Y.8u8q.*We8t Mach
Korfolk <& West. Ist wkMay
'Shenandoah V 2 wkaMch.
-Ohio
598.929
2.110 237
411.137
6,210.375
779,779
157,630
356,232
263,301
120.314
375,508
267,394
22,2'23
tst
Dub.&Siouxi ity
E.Teun.Va.&Ga. March
Evansv. & 1'. H 1st wkMay
.'
359,052
3,743,424
133,571
i
SD.P.
&T.
57,519
116,110
148,328
135,83«
Cliic.&Northw Ist WkMay
Ch.St.P.Mm &0. Ist WkMay
Chic. & W. Miili 1st wkMay
an.lnd.St.L.&O 4tU wkApr
Cin.
313 542
383,375
3,526.581
112,735
March... 2,03MI0 2,106.02s 6,233,5(10 5,725,261
482,107
530,216
IstwkMa.v
2^,620
30,00
0.940.469
429.(>0(
418,946 7.303,00
Ist wk.May
Q
6i
94,000
27,053
2.030.079
I'iO.OlXi
istwkMay
Centra! Iowa ..
Central Pacidc.
CifBap. cfe Oliio
Eliz.Lex.&B.8
Chcs. O. & S. W.
Chicago & Alton
1884.
1885.
AND
St. Louis & San Francisco.
{For the year ending December 31, 1884.)
The report of Mr. E. F. Winslow, the President, is very full,,
and gives an extended account of the affairs of this prominent
railroad company, including its relations with the Atlantic
&
Pacific.
From Mr. Winalow's
report the following
is
condensed
The discrepancy between the ratio of difference in gross
earnings and in surplus earnings in 1884 is more apparent than
real, and is chiefly owing to the fact that from gross earnings
in 1883 was deducted, before stating the same, the proportion
Pacific Company for the use of its
property, and for services before the opening of our own road
on January 1, 1881, to and into St. Louis. During 1884 tlie
sums paid to that company for the use of a part of its terminal
facilities have been charged to account of rentals, instead of
being deducted from gross earnings as before. The wheat
and corn crojrs of 1884, in the country traversed by the lines
of the company and tributary thereto, were exceedingly
abundant and of good quality, but, owing to the low prices so
long prevailing, their movement was less prompt and active
than usual. Some increase is derived from the live-stock
traffic secured by reason of the extension of the Central
Pacific Railroad in the Indian
Division of the Atlantic
Territory, and the further extension of this line is expected to
add to the traffic in this and other respects.
Extensive additions have been made to the rolling sfock of
the company. The cost of the rolling stock added in 1884 was
$.560,220, of which a portion, specially designated, and coating
1537,386 was provided under a trust, dated April 1, 1884, made
with the Metropolitan Trust Company, of New York, as
Trustee for the holders of an authorized issue of six per cent
bonds thereunder, to the amount of $464,000 (88 per cent of
the cost). These bonds are payable in twenty semi-annual
instalments of five per cent each, commencing October 1^
The first instalment, $23,000,
1884, and ending April 1, 1894.
was retired and canceled. The second instalment, of like
amount, will mature April 1, 1885.
Of the general mortgage bond?, $1,800,000 were issued and
sold during the past year, making the entire amount sold
$5,800,000 and $1,939,000 a'iditional of these bonds have been
earned and delivered to the company upon further expenditures for new properties under the mortgage. The remainder
of the bonds authorized by the mortgage ($17,261,000) can
only be certified and used in retiring outstanding bonds
secured by prior mortgages. Of the $461,000 Equipment
Sixes of 1884, only $64,000 were sold during last year, of
which $8,000 (being part of the class due October 1, 1884)
were paid and canceled, leaving $56,000 sold and outstanding
January 1, 1885. The company have the residue for sale.
paid to the Missouri
&
;
NEW LINES AND EXTENSIONS.
the opening on January 1, 1884, of the extension of
our main line to Cabanne Avenue, in the City of St. Louis,
our entire system was made independent of all other companies, except in respect to certain facihties at St. Louis.
This extension was made in all respects in accordance with
the highest standard of construction." * * *
"A new agreement was made with the Missouri Pacific, taking effect January 1, 1885. and running ten years, by which
we have secured the use of all tracks and other facilities
owned by the Missouri Pacific Company at St. Louis and
Carondelet, so far as we may require the same.
" During the last year we constructed a new branch line,
forty miles in length from Springfield to Bolivar, Mo. It was
begun in March, 1884, and was opened for business in the folIt has fulfilled our expectations, and
lowing November.
promises to be not only more than self-sustaining, but an important feeder to the main line. Further expenditures for the
construction of any new lines or extensions, or for equipment,^
are not now contemplated.
Van Buren Bridge Company (the capital
"The Fort Smith
stock of which is owned by our company) has undertaken to
build a first-class iron and fteel railway and wagon bridge
across the Arkansas River at Van Buren. and will issue its six
per ct^nt first mortgage bonds, due April 1, 1910, for an amount
sufficient (not exceeding $500,000) to pay the cost of construction, which bonds are to be secured by a mortgage upon the
b' idge and approaches, and will be guaranteed by the San
Francisco Company, which will take them at the cost of the
structure at different periods during the year 1887, if they axe^
not disposed of with its approval before that time.
"By
&
Hay
THE CHRONICLE.
10, 1889.]
"Tho bridge
expected toborrady for the crooainK of traliw
and will Iw of ^(rvat advantage in vietc of
the increasing nroportions of the trafllc over the Arkansas Division, and will onect a saving in ezpenge." • • •
" By statement of general account (he unfunded dxht, under
the head of billH payable and loans, is shown to be $1,011,768.
Thecompiny has used some of its general mortgage bonds
and of its pquipinont hond» of 1831, earned and received by it
for ex|)onditurea on nrcount of construction and e(|uipnient,
as colltttvral for loan!), this course having been deemed more
judicious than to sell them as yet." • » *
" In connection with the existence of this unfunded debt,
reference is made to the large cash advances to the Atlantic
& Pacific Railroid Company, amounting to |1, 721, 070. Of
this the sum of $1,217,350 was required and used by the
Atlantic & Pacific Company to pay interest on its Western
Division first mortgage bonds, and tho San Francisco Company and the Atchi-on Company, by which companies such
advances were ecpxally made, are secured by the conveyance
to a trustee of lands of the Atlantic & Paciilc Company, sufficient, at the nominal price of fifty cents per acre, to repay
the money. The trustee is directed, from time to time and
within live years, to sell the lands so conveye<l at not less than
the minimum price named, and apply the proceeds to the repayment of the advances soused to pay interest. In addition
to this security in landj we hold a? other security $221,500 of
Atlantic & Pacific first mortgage Central Division bonds."
in
December,
in
ATLANTIC & PACIFIC.
Hit
"Simultaneously with the foregoing agreements of August
an agreement was also made between the San Francisco Company and the Atchison Compmy, explanatory of
and defining our rights under the tripartite agreement. By
this agreement we also secured one-half ownership and control
of the Wichita & Western Railroad Company and of its road,
completed. Oct. 1, 1881, from Wichita to Kingman, Kansas,
45 miles, and costing about $050,000. The tripartite agreement
Srovidtd that no new lines in joint territory in the State of
[ansas should be built by either of the companies, except by
consent of the other. The construction of the line in question
seemed to be important, and as
it
was believed that
it
would
be profitable, we consented to its construction and operation,
and have acquired one-half interest in and control of the property at actual cost. It is a natural prolongation of our own
Wichita road and runs in a good country. The earnings of the
road have from the first exceeded its expenses and interest,
and the business to and from
it will also contribute to the
earnings of our line.
"This agreement likewise provides that the net earnings of
the San Francisco and Atchison roads from all east-bound
freight and passenger traffic coming over the Atlantic & Pacific
road from Albuquerque and points west, destined to points on
or east of the Missouri River, shall be equally divided between
the two c^mpanieg, and that such net earnings shall be determined as follows: Each company to be allowed for operating
expenses 50 per cent of receipts, after which there is to be
deducted, if required, tho 25 per cent rebate allowable under
the tripartite agreement to the Atlantic & Pacific Company.
The residue of the gross earnings of each company from such
traffic to be pooled and divided equally, one-half to the San
Francisco Company and the other half to the Atchison ComEany, thus assuring to the San Francisco Company on eastound traffic a measure of the advantages to which it claimed
to be entitled according: to the tripartita agreement."
The comparative statistics for four years, compiled for the
Chronicle are as follows:
0PER.VTION8 AND FISCAI, RESULTS.
1881.
1882.
1883.
—
661
.
725
776
1884.
814
Operiitioiis
PaaseiiKPrs carried.
293,228
Piissentrcr mileage... 18,'i29. 140
Rate per pass. p. mile
3-59 cts.
. .
348.811
20,148,500
458,9S7
25.872,527
3-6-S eta.
75:<,.573
3-2(i cts.
612.127
32,796.181
781.735
2 8 7 ctB.
9ii2,6iO
Froigbt (ton.sMiiUes. 123,807,774 137,331.335 162,384,708
Av. rat« per ton p. m.
1'89 cts.
1-7^ cts.
1-93 eta.
•ll6,'.>r<\,920
cts.
FreiKlit-dOTis jiiioved.
.
G9:J..'>44
.
Earnings—
$
PaosciiKer
665,331
Freight
Mail, express,
2,34i.(il0
io
152,582
Total
3,160.523
Operating expenses-Maiut'ce of way, Ac.
44-..'iT8
&
iii'it.
pi)Wor.
Truuspori'n expens's
Ta.xcH
Gener.il
Total
Net earuings
3,572,240
157
9
P42.266
P41.161
2,79;),.'n>3
3,40K.4U
-.260,796
296,021
9
3,896,569
4,613,596
,.-)35
431.o.i-,2
891)
470,49'i
5.i>i,245
3-2. H83
421,125
Hi, 125
498.137
93,768
104.724
137.202
462,437
735.732
6.1 8,300
437
91.983
and miscel..
Eztraurdmary
9
741.388
2,648,383
182,469
461
10.»,231
15-',-87
101,61)9
1,617,966
1,542.557
1,625,781
1,946.459
80.891
Total dltborram'ti.
Bslanoc, aurpliH
piUTiln(t«
Oilier receipts
l^otol
net Income.
$
1,542.557
60,648
1,593,203
e6,7(iO
2,135.37^
2,073,437 '2,508,218
1,'«23,123
l.fl««40
1,490,754
3,Ul,4a
4M^a
184,-i73
50l,Sa3
S8i,a09
aCNBRAL BALANCK AT CU>aa Or HACH VnOAI. rK4«.
18HI
IHH3.
im*.
Aswtt—
M
•
Rli .IiMkk. equip ,Ao. 38,28n,.140 43,061.002 41,a-4,1t9
led, oiwt..
1,121.585
ftM.78ft
973.SA0
illMl ooit...
483,5,M
40tf.S%U
469.558
vable
1
MaU'il.tln, fuel,
ChhIi (in Iiiiiid
CouKlrnct'n
I.OIV.MJ
',U).(i»:>
Ac
154.<l.t6
mi.ooi
4,e<403.t
81.454
188,451
6,10 uai
300.033
1 33,494
&01,487
45,615,134
40,3-5,368
51^22,101
83,877,»3e
ncotii ;..
Aorounm receivable.
Mlicellanitoui ItouiD.
Total
l,73\»8^
108.751
271 Oil
4,426.435
b2.H53
83.310
1.5n.M4S
3'1.<|«1
LittbililieM—
Stock, common
atook, profcrr.d
10.300 OCO l(»,500.nOO
10,100.000 10,<i0<),00i>
Stoolt, l»t pri'f
4,.500,00i>
4,500,0(0
4,500,000
Bond8(Ke<> Siuti.'m't) 18,650,000 30,364,000 32, 10.-.000
Interest aconicd.
149.H):5
15«,891
160,805
Couponndne
225.145
297.44S
816,351
Current aecoiint«...
247,ae3
280.016
317,147
Bills piiyable, Ao...
1.1 20,1101
1.421,005
Lunil Department.
451, ••77
Dividends
144.735
152.213
157,500
Other aceoiints....
286.002
76.4 3.^
102,045
Inuumo account ...
910,634
1,374,006
l,802,4->e
10,5CO.00O
10,000,000
Total UabUlties.. 45,615,134
Storks held a« followB:
•
prff.,
$231,600; Int
1883.
1881.
$
$
9
1,946.4.^9
2,073.4 37
56,857
24,376
2,508.218
14.836
2,097 ,818
2,823,05*
40,289,363
A
St. I>oul(!
t
91,422,301
93,877.926
eom SI 16,000:
Loula Wicb. & W. com., 981.-
S.in Franc'gr^.
pref., *1 1:<,285: 8t
.
at. I>. W. <fe W. stock held In traiit. $149 00 >.
Bonds owned are St. Loiili Wlihlta & We»t«.rn.
These accounts were charged off In 1884.
500:
LAND AS.SET8.
The above balance sher-t does not include $1,939,000 general
mortgage bonds and $385,000 equipment bonds owed by the
company; nor the land department assets, which are estimated
by the company as follows
:
1C82.
«8ni,9fi2
1881.
Lands
Town
$1,749,4.^5
..
atid
1084.
$2111425
73,t 50
.'ili3,307
4i:4.436
$372,531
b8,613
3H3 789
469.052
185,620
1 1*3.888
$2,517,509
$2,019,371
$970,131
17.750
$078,744
$2,517,50J
$2,019,371
$952,381
$062,344
Contracts
Cash
1883.
95.050
44.720
645.925
177,409
lots
cash items
Lessltecuritles ontst'dg
Value of ascets
16,500
St. Lonis Alton & Terre Ilante.
(For the year ending December 31, 1884.)
The annual report states that the main line and Alton branch,
comprising 193 miles of road, is operated by the Cleveland
Columbus Cincinnati <fcIndiana]}olis and Indianapolis and St.
Louis Railway companies as joint lessees, anci practically
forms a part of the New York Central Railroad system.
From the report of the lessee companies we extract the following comparative statement of earnings of the main line
and Alton branch
:
Eamingi/rom—
Freight
Passeugers
Mail
express
Miscellaneous
Total
18S3.
18SI<
$t,0'28,fl80
$0>ttl.-i4»
353.978
19,873
29,»«7
51.271
33'4.4i0
$1,484,060
$1,323,934
21288
27.307
50,688
" Showing a decrease of $160,144, or 10 7-10 per cent as
compared with the previous year. In addition to the minimum rental of $450,000, we have received during the year the
sum of $12,807 from the receiver of the former leasee, the
Indiinapolis & St. Louis RR. Co., balance due in excess of
minimum rental for the months of Julj-, August and September, 1883. The lessee companies have energetically prosecuted the system of improvements inaugurated under the
new lease, and have in the main brought the leased properly
up to a high standard in every department." » » •
" No steps have been taken in the pending action against
the former lessee and the guarantor companies since our last
report. The cause is still lodged in ihe Supreme Court of the
United States, and a hearing is expected the latter part of the
current year, or very soon thereafter."
CAIRO SHORT UNB DIVISION.
"Under this title are included the roads operated by the company, amounting in the aggregate to 138°3 miles, there being
no increase in mileage since our former report.
'•From the business on this division, including proprietary
and leased lines, are made, the following comparative statements of earnings and expenses
:
EAR-VlMOS. EXI'EN8F.8
AND KENT OF LBASBD UWrS.
1884.
1833.
Onwwearnlngs
$o32.469
Operating expenses and taiei. 425.635
U
Net earnings
Rent leaoed roads
Net revenue
1882.
2,003.316
1,408,032
95,041
117.108
INCOME ACCOUNT.
1881.
Xeeeipis—
tiiok.
"
Kai
.U...
MucoiluncdiiH
I
20, 1881,
Ket
riitorrnf nn'l "Ink. fd.
Int. 11'
tdiie.
'
out:
Kijuip.
D!iOurgfmenlf~
188JJ,
Mr. Winslow gives a full account of the relations of the St.
Louis & San Francisco Co., with the Atlantic & Pacific, which
has already been foreshadowed by reports publiished in the
Chronicle, including that of the Atchison Topeka & Santa
Fe. And in conclusion he gives the following summary
of l^matiers, about which little has heretofore b^en given
Miles ojierated
696
iHcretue.
$741.1.'.©
40ii,i6O
$134,089 9
203.971
8.0 S
$7l,t>lS
$205,035
$131 018
$74,918
Leased roads, altordeducUugexpeuwa and rental*
....'.
$tfi.n8
J9,474
$406.8
2.0.807
SOL-RCES OP NET RKVEKIIB.
Bwllevi'lehraneh. separate earnlnas
Belleville br<uu'h. on l>iisliie»>< ciiiitr buted )>y leased lloM
Total net revenue
Dtertm.
'.
$16,911
''*''''?f
blAoS
111
$131,01$
..
THE CHRONICLE.
596
• " The decrease in
earnings for the year is wholly due to local
causes; a partial failure of crops for the past three years in
the district trayersed by the roads operated has seriously
affected the local traffic, both freight and pasSenger, but tlie
most serious loss of revenue was produced by the dissolution
of the Coal Pool, which had been in existence for the previous
five years." * * *
.
hih
" The pool was suspended from June 1st to Octob'^r 11th,
hamwas
transportation
and during that period the rate for
mered down to half a cent per bushel, and some of the ro ids
suffered even annual contracts to be let at that nominal rate.
Hence the effects of the suspension continued throughout the
remainder of the year, and will continue to be felt until all
contracts awarded at cut rates have expired. After a long
.negotiation a new agreement was made, substantially on the
basis of the former contracts, under which, from October 11th,
rates liave been maintained at a minimum of two cents per
bushel, or fifty cents per ton, which is a reduction of twenty
per cent from the rates which prevailed before the forcible
dissolution of the former contract."
GENERAL FIKANCIAL BEStXT.
Receipts From reut of mainline
For rentiU three montlis of 1882,
From bnuiches, not over reulale
and
Interest.
1881.
1833.
$450,000
12,867
131,018
$150,000
From Interest, &e
5,617
205,935
7,186
$599,504
$563,121
Deduct —
Interest on fandca debt
Main line expenses
liCgal expenses
Kew equipment
$469,000
10,444
3>?T?
4,560
$469,000
$487,074
$112,429
111,078
$189,646
Balance
Dividends on preferred stock
$1,351
$637
Surplus
il,50(i
6,140
3,000
$17.1,475
172,78S
Southern Pacific Eailroad of California,
{For the year ending Deo. 31, 1884.)
This railroad is now leased to the Southern Pacific Company.
In 1884 and prior years the Southern division was leased to
the Central Pacific. The annual report has no remarks or
comments, the President's report not yet being ready, and
from the statistics the following table is compiled for the
Chronicle
:
NORTHERN DIVISION EARNINGS AND EXPENSES.
Earnings fromFreight
Passengers
&c
Mail, express,
Total earnings
Operating expenses..
1882.
1883.
1884.
$672,295
531,241
5J,864
$624,669
600.044
57,800
$762,563
641.294
64,319
$1,257,400
614,892
$1,282,513
658.871
$1,468,176
835,189
$623,643
$642,503
(48'!'0)
(nl-37)
,$632,987
f56-88)
1,666,666
1,058,197
2,032,843
$2,309,174
$2,581,839
$2,065,830
1883.
$623,642
1,958,197
$632,987
2,032,343
595,000
43,615
300,000
*40.%000
$3,063,174
$2,925,484
$3,100,366
$1,712,435
* Knklng fntld
100,000
323,988
KTaxes and street assessments.
17:i,380
$1,977,624
100,000
250.479
19J,361
$1,862,340
100.000
292,375
t 315,393
$2,308,303
$754,371
$2,513,464
$107,020
$2,570,113
$530,253
Net earnings
P.
c.
of oper. exp'8 to c.im'gs.
of Southern Div
Add reutiil
.
Total
INCOME ACCOirNT.
Heeelpts —
1882.
$642,,508
of Northern Div
Bental of Southern Division
Contract witli Wells, F. & Co.
Net earnings
1,666.666
159,000
.
O'Jier sources
Eedeinpfn of bds. (land sales).
Total receipts
XHebursements-Interest on debt
Total disbnrscmcnts
.
Balance for year
*
29,."i36
In addition to this redemption of bonds by land sales, $313,000
were redeemed by siukiug fund during the year, but not included
.^niore
.ftere.
'
t
Inclades $185,686 spent on renewals of track.
BALANCE SHEET DEC.
Atset.1—
ConPtniction
Real estate
Euuii.nuut
Buildings and stiuctures
1882.
$67,806,001
694 096
2,213,907
803,505
Macbintrv, uinterlals ifcfuel..
Otlice luinitiiri', &c
175,.'i69
Accounle due company
Cash
Central Pao. acc't in suspense.
66,168
516,833
4,»35
3,317,266
$75,598,280
$40,363,000
30,88^,000
2,247,324
650,059
Caiiital stock
Funded debt
Centnil I'aoiHc RR. Co
Sinking fund
Ijind trust fund
Pioflt
and loss.
31.
1883.
$73,746,690
695,022
3,133,377
953,159
179,791
67,696
1,100.836
400,545
$80,377,136
1883.
$14,039,100
33,650,000
663.770
3 ,333,:<44
1 ,249,377
22v;,445
69,561
742,168
2u,f42
"Owing to the unprecedented restriction in the production
of anthracite coal during the past yi ar, the collieries under
the control of your company, as did those of all otlier antliracite coal transporting companies, worked but 211 days out of
Notwithstanding tlic- loss of 103
the 314 working days.
working days, your" company transported during the year
475,346 tons of coal, or a daily average of 2,253 tons, and an
increase over the year 1883 of 145,824 tons." * * *
CAR TRUSTS.
"In ofder to provide for the increased coil tonnage, further
provision was made in August, 1884, under the system of oar
trusts, for an additional increase in equipment of 200 coal
cars."
The
* * *
1,419 cars
and 13 locomotives acquired through all the
trusts represent a cost of 11,203,883 there has been paid on
account of the same up to December 81, 1884, S279,lll, leaving
amount outstanding December 31, 1884, $933,772. * • *
Under the provisions of these trusts the payment on account of the same amounted during the year 1884 to ^^83,193.
The trusts still have seven years to run, and are liqiiidate.l by
payments monthly of $9,796, and aggregating $117,553 per anfor the current year and each year thereafter until the
expiration and liquidation of the same.
"It will be seen by the accompanying statements that the
earnings of the company for the past year were insufficient to
fully provide for all its fixed charges, including car trust obligations and rentals. In order to provide for the payment and
retirement of the car trust obligations as they mature, your
board of directors, as the rolling stock acquired through the
medium of these trusts comes under the lien of the first mortgage of your company when fully paid, and will add largely
to its security, have asked the first mortgage and debenture
bondholders of the company to fund their respective coupons
:
num
maturing January
and February
1
by accepting one-
1 last,
half of the pa,: value of the same in cash and the balance
thereof in a coupon obligation maturing in ten years, bearing
interest at 6 per centum per annum, the coupons being st imped
"half paid" and deposited with the National Park Bank of the
City of New York, as trustees, to secure the obligations issued.
This plan has met with the approval of a very large portion of
the bondholders, it being regarded as a wise and prudent
measure, increasing as it does, so fast as payments are made
on these trasts, the security and value of their bonds.
"While the above-mentioned plan provided only for the
funding of the January 1 and February 1, 1885, coupons, it wiU
be necessary for tlie company to ask its bondholders to continue the funding of their coupons in pursuance of the plan
adopted with the January 1st and February 1st coupons, as
before stated, until its earnings are sufficient to provide for all
its car trust obligations, rentals and fixed interest charges on
soon the earnings of the
its entire bonded indebtedness.
company will reach this point, in the present unsettl^-d condition of the business of the conntry, it is perhaps difficult to
determine; but from the improved earnings for tlie first quarter
of the current year it is a fair presumption that by July 1,
1886, its net earnings will be adequate to meet these fixed
charges, and that the company will then be able to resume the
interest payments on its first mortgage aad debenture bonds
in full." * » *
How
MIDLAND RAILROAD OF NEW JERSEY.
"The amount of the several classes of securities of the
lilid-
of New Jersey, consisting of capital
stock, income bonds and scrips converted into tlie prefeir«d
and common stock of the company, as provided under the
terms of consolidation, up to December 31, 1884, is as follows
Company
.
:
$5,939,026
Amount converted
Leaving amount unconverted December 31, 1884
Divided as follows
.$J,OJ8,153
:
$590,035
Capital stock
Income bonds. Class A
Income bonds. Class B
8crlpNo.l
SctlpNo. 2
-»
«
1,048,78'>
;
-X
...—
936,357
435,6X5
*
#
^
47,360- $3,058,153
»
"The business of the company is improving, and the results
thus far obained in the current year sliow a marked improvement over the corresponding period of last year."
OPERATIONS AND INCOME.
Comparative
statistics
for three years,
1882.
$80,,511,595
1834.
$14,,039.100
32,,932,000
1,257,332
141.074
45<.915
206.000
122,164
1,664,853
248,7.-.i
!,.508,105
$75,598,230
$30,277,136
$80,514,595
,-
100,000
91,165
New York Susquehanna &
From
1884.
$74 ,213,285
all
COAL TONNAGE.
compiled for the
ChhonicIjE, are as follows:
1882.
LiaMHliei—
Afc untsdue
Taxes in suspense
of industry, and has been especially unremunerative to
railroad interests." * * *
land Railroad
.'Miscellaneous
-
1884.
[Vol. XL.
339,397
446,791
450
Western.
(For the year ending December 31, 1884.)
advance sheets of the annual report of Mr. F. A. Potts,
President, the following summary is made up :
"The fiscal year of your company ending December 31, 1884,
has been marked as one of universal depress © n in all branches
Miles owned
Miles leased
Total operated.
1834.
131
1883.
131
16
16
18
147
147
152
$223,194
736,531
$2'?9,404
501,0-.8
37,457
7.s,931
15,732
134
EARKIHOS AND EXPESSE3.
P^^er:
$187,442
Fr.-lght
.\ljill,
express,
&c
Tola* gross earnings
Operatifnj expenses—
•laintinance of way, &c
Equl inent :ind miitive power
rrdnspiirtal ion exiienses
MisocUaneous and tuxes
Total
Net earning*.
73
',072
$725,957 $1,038,656 $1,034,208
.
$78,217
174,451
193,771
31,539
$133,466
229,470
230,019
45,636
$:o=,269
$478,001
$247,956
$838,591
$400,065
$617,637
$416,521
2o4,:,'82
Z2<s902
54,134
—
May
:
uicoMB Accourr.
1R8!I.
Nnt.rftrnln(t«
--...^..*»
o»i
.1..-1
$400,080
^..
f382,&00
O. RHllrood
1R<>4.
^-lia.H'il
Rtt.lOa
B«tonc8
OBKEBAL nAI^N-CB AT CUMB
Auttt-
9883,500
$.'iin,192
•nr.$l7.fmO«ir.$10AC71
OP BACH PIHCAI, rBAK.
188a.
ISai.
188.').
Rullrnail. hiilMtiigii, cqiilpm't.do. $34,4S!>.(!U2 $2fi,2S0,717 •2(1,30,'^, 208
Accnipil liiteri'Ht
Btoi'kH iukUmihI.i owned, cost
Cnnvm
BUI
I'
ai
.'lO.oifl
3,3'tfi.746
coiinis
rolviihltMtndand odranoca?
Ac
MatiTlals. fuel,
Cash 111 luiud
T..tJil
2,.Vl(),2';0
323,084
i/vtono?
i"*.*'"!'^
17P.''(ir)
20.115
8.208
•.!),4.12
1
38,082
40 .(KX)
4o.nH4
H4,(l()7
1S,8J8
3<i2,H:u
5
—
M (soeSUPPLKMBNT)..
2. r.
$28,260,202 $28,408,865 $20,401,3^
Liiihititles
atook
Fi
'.
Mi>
I
"toi
I
^
I
$21,000,000 $21,000,000 $21,0 0,000
6,850,000
6,850.000
«,rt."i0.000
,^')H,.160
142,000
242.27r>
12^.000
1.'\0.000
216,689
228,IH7
1!>7,!>17
!'>a8
I
I
i)i;!,r,7ti
37,2f3
19,410
1
IToiu HUM
Hack.'.
turn,
ics^
Total liabilities
..;
inn imnu.ii
..yK.i,,.,.
ri'iMiri
iu\g
not yut booik
9411.000
2»,000
Ions for year
L;„i
iluburaemcuta
Tiital
..,.
597
"•:,•
Johni.l.j.,
\.
.
THE (JHEONICLRI
16, 188S.]
f^-"'
'
.
40,088
13,305
rti,0«8
4,13U
$a9,2«?,2!»2 $28,4!)8,8.'55 $20,491,380
GENERAL INVESTMENT NEWS.
freight, luid tliu Imlano*
from exprwM,
"I*'?"nK ntmta.
.
i?',rrn
a>u T^"
91,fflH.a.>8,
leavInK
11
diaII
and tninoallMiMiw
t.— w*i»
oriM««»rtilngaa<fl^^^ .TM*
"xpeDMB to groM mu^^^^Bm O-lft
tt».i..>iin,
Ualanoe
proportion of oiH-rttin;;
porcont. AguiiiHt the net earnlogi ware eBSSSTr
interest on fmidcd debt, $03,001 Interest on car tr
tlons and
^r
r?
i-
and dlscotmt, wMfh, dedi, .., inntf
a mirplun of $2(0,8,18. Adding th«
$42,l(»t Intoreet
the net revenue,
'''"'msos'V*^
left
^
*'^^
beginnmg
i^
of the year
Ohio Central— Colnnibns Hocklnu'
The Ohio Central reorganization c<>>
V.ill»v
luiil
the totali
TaMq.—
Jx
a
-icd
circular to their bond and stock bol'i'
rMpoml
for oonaolidation with the Columbus Ho; king \ all«y ifrTttlartit
Railway on the terms named below. The committea
recommends
bIhmU
arrangement, which certainly seems to be %,
favorable one, and they say in ronclusion: "We may add thftt
if the profKised arrangement is ma<Ie it is underrrtoo<l
that th*'
Colnmbus Hocking Valley A Tokvio Itnilway f>)mpany wUi
guarantee the new Toledo
Ohio Central Railway Oompany's.
bonds in consideration of mutually advantageous' agreement*
between the two companies. Prompt decision on your part i»
advisable, as without this alliance the $2,000,000 nirplna bond*
of your new company must be used to ptirch^se eqaipm«nt
and terminals at once. Please to communicate to ua toot
wishes as soon as possible, not later than May 20."
The proposal from the Columbus Hocking Valley
Toledo
is as follows:
this
&
Connotton Valley.— At Canton, Ohio, May 9, Special Commisaioner Samuel Brigp:8, by order of the court, sold the entire
road and properties of the company. A. N. Parlin, of Boston,
member of the Reorganizing Committee, on behalf of W. J.
&
Boach, W. Thomas, W. O. Chapman, and himself, offered
YOBK, April so, 1885.
„
...,.,,
193.5,000 for the property, and it was knocked down to them.
• of
Deeming
It for the Interest of the holdero of the cap'-'
the
The r< ad will be reorganized and the bonds converted into Columbus Ilocklns; Valley A Toledo Railway
Coinp;it
tho<»preferr. d stock.
It is proposed to make the road standard who will be entitled to shares of the capital sUK-k of
mo to
bo known as the Toledo & Ohio Central Railway Uniii|.,...,
h Is to
guage and extend it to Zanesville.
be orKanlzed by the purehasers under foreelosure sale of tlu) main lln«
Houston & Texas Central.— In the pending suits against of IheOhio Central Railiond Company, made Aorll
lf.8.S, that th»
this company Messrs. Rintoul and Ea-ton and tlie Farmers' exobaiiKe hereby proposed should be made: We,"the undersi«n<'d. owners and rcpr.sentiitlves of the owner* of all the capital stock of tba
Loan & Trust Company, tnistees respectively of different Columlius HookiiB Valley
&. Toledo Railway- Company, do hereby pro-
WW
•
>,
,
,,.,
l.'i,
mortgages, applied to the U. S. Circuit Court for modification
of the orders heretofore made. Messrs. Turner, Lee & McClure, counsel for the Farmers' Loan
Trust Company, acting
ing with the others, have just obtained and entered "an order
modifying in important particulars the status of affairs
in regard to the land grant, and limiting the powers of the
receivers in regard thereto. The order is emphatic in requiring
that all funds and contracts heretofore obtained on salfs, and
all to be hereafter received, shall be strictly accounted for
tind applied to the respective mortgage bonds covering the
laniis, in accordance with the terms of the mortgages.
Manhattan Elevnted. This company has not yet made its
report to the State Commissioners for the quarter ending March
31, but issues a statement for April as follows Gross earnings, 1,594,603 net earnings, $286,038
deduct interest on
bonds and rentals, 1119,066 deduct forstructure and personal
taxes, $21,613 actual surplus, $145,349.
&
—
:
;
;
;
;
Maryland Central.— Suit has been filed by the Central
Trust Company of New York against the Maryland Central
Railroad to foreclose a mortgage and for the appointment of a
receiver.
New York
Central
& Hudson.—The
earnings and expenses to March
editorial
quarterly report of
be founa in the
31, 1885, will
columns.
Kew York West
Shore & Bnflfalo.— The original plan of
reorganization proposed by the Colgate-Pulhnan committee
has virtually been abandoned, and the Hewitt committee
which was appointed under that scheme has submitted another
for approval. The most important points in this plan are the
issue of only $20,000 000 first mortgage bonds and $",0,000,000
seconds for the present first mortgage, these seconds to have
voting power and thus control the company. But before thpre
is tune to approve of this plan, the Windsor Hotel committee,
which Mr. W. M. Lent is chairman, comes forward with
another proposition which suggests that a committee of seven
prominent men be selected from the bondholders to formulate
a new plan on the following basis, vi2i.
^rW.— The control of the reorRinizral company itiiiRt be In the bands
of
of the
of llio present Urst moit^aice bondholders.
(fcfo^irf.— No tirst iiiortjraj:e or other lien muHt be pliwed on the property if the new company In advanre of the Interests of the prcseiit first
moriBaKe bondholders which shall exceed in the total liftecn millions of
dolia's
TJ'ird,— In order that the new company may have a reasonable oppor
tuuiiy to iwrfect its road-bed, tracks, eciuipriient, .fee, the present first
mortK"»,'e bondholders consent that interest on the securities of siieli
new roinpaii.v. issnid to them in lieu of their present tlrst luortKaRe
bonds, shrtll not bear Interest for three years, and that the rate f iutcrest ilirieafter shall be 4 per cent, with the proviso, however, that if a
suflicieiit amount is not earned by the new company to pay said interest,
the same sha!l not be cumulative.
iiiiijiirit.y
•
The respective committees have been in conference, and as it
does not appear that their views are radically different, it is to
be hoped that the Hewitt committee's plan can be so shaped
as to harmonize all interests, and the reorganization thus g<
speedily forward.
—
Norfolk & Western. The annual meeting was held at
Roanoke, Va., last week.
The management of the present
board of directors was approved, and no opjKisition was made
to their re-flection. ThH following gentlemen were eUcted
Gteorge F. Tyler, Clarence H. Clark, E. A. Rollins, F. J. Kin;ball, John C.Bullitt, J, L Doran, £. W. Clark and Cbarli a
:
Sose to those who are to become the holders of stock of the Toledo A:
ihio Central Railway Company to exchange stocks upon the (oUowlnc
terms,
viz.:
I. For the new preferred stock of the Toledo
Ohio Ceatml Rallwar
Company we will exchauRe stock of the Columbus Hocking Valley JtToledo Railway Company at par, share for sha'e, to the extent of threefourths of the amount of preferred stock of tlio Toledo & Ohio Ceotrat.,
Railway Company to whloli civch party consenting hereto will beooma
<Sc
,
„)
entitled.
For the new common stock of the Toledo & Ohio Central Railway,
Company we will exchange on the basis of one xhare of the ColnmbnS
HoeSlug Valley ik Toledo Railway Coinpiiny's stock for two shore* of >.
the Toledo .<i Ohio Central Railway Company's common stoik to tbev
extent of three-fourths of the amount to widen each person conseottlMf'
II.
hereto will become entitled.
III. Each holder or the Toledo & Ohio Central Raflway Company's
stock accepting this offer shall put into the hands of the Central Trust
Company (or two persons to bo hereafter named) as trustees, by SB
Irrevocable transfer, his i-cmalnhigone-fourthof prefeired and commoB^
stock of the Toledo & Ohio Central Railway Company, and the under-'
signed shall also put into the h-iuds of the said tru>tec8 by an irrevocable transfer all the said preferred ard common stock of the Toledo dc
Ohio Central Railroad Compuny ac<|uired by us in exchange under the |
terras hereof, which trust shall be for the benefit of the iiarties on both
Bides of the contract hereby proposed and their successors In interest,'
and shall be constituted by a written agreement drawn in such form at.,
shall be ailvised by counsel, provldluc, among other things, for the
voting upon the said shares of stock so deposited in trust and for Ui^T
maliitaining in good condition the property of the Toledo & Ohio Central Railway Company. All dividends or net Income of the said sharce
of stock of the Toledo & Ohio Ccntnil Railway Company, so deposited la.
trust, phall be received and collected b.r the said trustees, but shall bo
by them paid over for the use and benefit of all the partiei tg the contract iiercby propnscd, and tlioir successors In Interest, as etockholdcra
of the (;olnmbu« Hocking Valley A To!edo Railway Company. h> a num*'
ner to be pn vided by the said agreement of trust.
j
IV. This proposal is upon the understanding that the total preferred
stock of the said Toludo &. Ohio Central Railway Cominny shall not>J
exceed $3.10S.( OD, at par, and tliat the total common slock of thesaldji
company shall not exceed ifl.tiOO.OOO. at par; and this proposal M^
niudo also upon the undcrst indiug that the total capital stick of the
Columbus Uocklug Valley & Toledo Riiilway Company at the time at.,
the exchange hereby proposed shall not exce<'d the sum of ^ll,7Oo,OC0l
V. This proposal Is also upon the anderstanding that the said
T<dodo & Ohio Central Railway Company Is to make Its first
mortgage to secure an issue of not exceeding ifij.o "'"'" .t
par, of its five per cent fifty-year gold Ixindi^, the
which shall begin to run from July
ISS.i, and be paid seni
bui that onl.v !pj,000,COa. at par. of said bonds shall b.
>
(he said company in the first Instance, and the remaining
of th(^ said boiKls shall not be count*Tsigued by the trust. <
Issued liy the company, except upon the consent of tht'
I
fourths In amount of the said $:j,(iOO,Ot>0 of bondtlien 0UI3' for the purpose of paying tor terminitl p-'
erjuipmeut, the title of which shall be .shown to
.
1
I ,
-
'
'
'
'
mortgage to have been
Central Railway
actiuitly
I
conveyed to
Company by such evidence
a
require.
VI. This proposal is to beooinn biudiog upon the propiisers only upoa
ilie oonflnuation of the aforesaid foreclosure sale of the nmin line of tlia
•-• tlie
Ohio Central Railroad Company, and the passlue of a v;
'iny,
property so solil to ihe Toledo & Ohio Central Ka.
lii.>h
.luisuaut to tho said sale and the plan of rtortani? :
the same was piircliased. Stevenson Birkc. Cli;ii!'
•;. H. Andrews
Wm. J. Hitchcock. Andieivs, Hi-IJcKinnle, N. P. Payne, Payne, Newton As Co., J.
'
,1
t C'u.
and M. M. Urocuc, Trustee.
Oregon ImproTeinentConipany.—This companv's statement
March and for the four months of the nscal year from
Dec. 1 to March SI is as follows:
for
JfarcA.
,
1885.
—
1S84.
?22.'S,!527
Gross cjimlnga
Opel atlng e-xpensee.... 194.846
$291,023
228,930
>30,6S1
*6?,6U8
Net earnings
.-Z)a>.l>oJJ«re»31.^
18S3-84
1884-3»S98,893 $I.03(<,41»
^68,l>««
710,611
»188^83
«18e^I(>!,
—
;
THE CHRONICLE.
69S
glue
COTTON.
^ommsxcml %imts,
May
Friday, P. M.,
Thk Movkmknt of thk Ckop,
COMMERCIAL EPITOME.
I
[Vol. XL.
from the South to-night,
given below.
is
15, 1885.
by our telegrams
For the week ending
as indicated
this evening (May 15), the total receipts have reached 9,418
Friday Night, May 15, 1885.
bales, against 8,633 bales last week, 14,746 bales the previous
There have been no very active influences at work in com- week and 19,122 bales three weeks since; making the total
mercial circles during the past week. The weather has been receipts since the Ist of September, 1884, 4,686,968 b^es, against
unseasonably cool in northern and middle latitudes, and there 4,737,670 bales for the same period of 1883-84, showing a
decrease since September 1, 1884. of 50,702 bales.
have been fresh reports of damage to winter-sown wheat,
after
causing some revival of the speculation in that staple,
BteHpU at—
Sal.
Hon.
Txta.
W«t. Thur$.
Fri.
Total.
that based on the danger of war between Great Britain and GalTeston
60
7
1
83
72
56
279
Russia had abated. General trade is large, but prices are so
..>•
•*•
497
920 1,296
177
630
220
3,640
low as to leave little or no margin for profit, and the tone of New Orleans...
mercantile circles may be characterized as spiritless. Some
progress is made in reducing the large stocks of foreign merchandise in bond, and the prospects regarding the value of
imported goods, in the early future, is more promising. Labor
troubles have ceased to be important, though a new outbreak
is threatened among the iron workers because of a contemplated reduction in wages.
The speculation in lard futures has been steadily toward
lower figures, with scarcely the appearance at any time of a
reaction, and the market to-day was dull and weak, closing
at 7 02c. for June, 7'lOc. for July, 7-18c. for August and
Spot lard is also lower, closing nearly
7"36c. for September.
nominal at
6'85c. for
prime
city, 7c. for
prime Western and
Pork is lower and closes
7'25c. for refined for the Continent.
somewhat nominal at $13@fl3 25 for mess, flO@|10 50 for
extra prime and $13 75@$14 25 for clear.
have been fairly active, and close steadier
shoulders
5@ 5)^0. and
bellies 5^^(3 61^0.
Pickled cutmeats
;
hams 93^(g93^c.,
Smoked hams are
weak new creamery 17@25c., WestCheese is lower at 5@9J^o. for new State
The number of swine slaughtered at nine Western
fairly active, but closes
em factory
facfory.
;
7@13c.
to May 6, was 960,926, against 707,158 at the
same towns for the corresponding per iod last season. The
following is a comparative summary of aggregate exports
towns, March
1
from October 27
Pork
Baoon
to
May 9
Ibt.
lbs.
lbs.
L*rcl
:
18?4-85.
29,707,000
247,390,752
15e,l82,I52
1883-84.
32,183,600
198,267,455
109,495,691
Inc.
7,583,400
Inc. 49,123,297
Inc. 46,636,461
There has been a much stronger turn to the coffee market
fair cargoes Rio advanced ^c, and close firm at 8^^c., with
futures more active, closing with buyers at 6"75c. for June,
6'90c. for August, 7'05c. for October and 7*15c. for December,
The regular trade has been fairly active. Raw sugars have
been active at prices which show a further advance; fair to
good refining quoted at 4J^@5c. Refined is also dearer at
6^c. for crushed and 6c. for standard "A." Molasses continued in fair demand at 18)^c. for Cuba 50 degrees test. The
speculation in teas showed yesterday some revival, with sales
of standard Japans at 21)^c. for June and Z2^o. for September; but the close is quiet.
The marl^et for ^lentuoky tobacco during the past week has
been more active, and sales are 450 hhds., of which some 400
bhds. are for export. Prices remain firm and unchanged.
Lugs 6@7Jic., leaf 7J^@12c. Seed leaf continues in good
demand, and the sales of the week aggregate 800 cases as follows: 300 cases 1883 crop, Pennsylvania, 5@13J^c.; 50 cases
1882 crop, Pennsylvania, private terms; 250 cases 1881 crop,
Pennsylvania, 6@llc.; 50 cases 1833 crop, Wisconsin Havana,
private terms, and 150 cases sundries, 5@ 35c. al-io 300 bales
Havana, 65c.@$l 10, and 150 bales Sumatra, $1 30@$1 60.
Crude petroleum certificates have been fairly active, but
prices have varied but little, and no important facts that
should affect valuf s have been developed. The close to-day
was firmer at 79@79i^c. Crude in barrels quoted at 6^@
71^0. ; refined in barrels for export, 7%@7%c., and in oases,
Spirits turpentine has been
Sl4@iO}4o.; naphtha, 6f^c.
quieter, but rules firm at 32>^c., and rosins maintain the
advance of last week at $1 07^@$1 10 for strained.
Metals have developed no points of especial interest, but
iron is firmer on the report of dearer freights from Southern
furnaces. At to-day's Exchange pia: iron certificates were
•teady but quietat $16(S$16]4 bid, $16;jg@17i^ asked. Tin dull
and easy, closing at 18 10@18-20c. for Doth spot and futures.
Tin plates nominal at $1 20@$4 30. Copper quiet at 11 40(3
H-60c.; Lake, 10-55@llc.; Baltimore, 10 60o. bid for Orfora
transferable notices (Lake) issued at ll'50c. Lead neglected.
Spelter steady 4'3i}^c. asked for domestic.
Ocean freiuhis have been dull at drooping rates, but to-day
there were liberal shipments of grain to Liverpool at 2>^d.,
against 2d. yesterday.
;
;
;
26
1
29
3
77
46
....
18
2,003
Savannali
Brun8W'k, &o.
Cbarleston
Pt. Eoyal, ito.
733
373
317
120
146
46
314
>
....
..*.
....
....
....
....
46
60
68
324
59
..>.
....
• ->>
.••.
.-..
86
140
588
140
WUmlngton
11
..»
7
9
....
....
....
12
94
26
148
9
.—
S9
14
491
635
31
131
....
....
53
2
PWladelp'a, *c.
3
59
Totals this week
2.030
1.907
Florida
•
Moreh'd C.,&o
Norfolk
49
13
387
50
44
1
....
301
16
12
872
635
418
280
301
78
1,279
678
2,284
9,413
•
WestPolBt.Ao
New York
Boston
Baltimore
1,035
....
For comparison, we give the following table showing the week's
and the stock
total receipts, the total since Sept. 1, 1884,
and the same items for the corresponding periods of
1883-84.
1884-85.
Beeeipti to
May
15.
10^@ lie. and
shoulders 5J^@6i^c. Beef is dull,
and quotations for India mess are reduced to |34@ $26 per tee.
Beef hams are easier at $19 per bbl. Tallow sells moderately
at 5^c. Oleomargarine is quoted at 6>g@7c. Butter has been
quoted at
Mobile
Qalveston
...
This
Week.
Since Sep.
1, 1884.
279
10,797
1,503,717
228,135
77,381
718.968
9,747
MobUe
3,640
77
46
Florida
Savannab
2,003
Br'sw'k.&o.
Charleston...
Pt.Eoyal,<to
Wilmington..
M'headC.Jkc
Norfolk
W.Polnt,Ao.
New York...
Boston
Baltimore ...
PbUadel'a,&o
683
140
49
12
872
635
418
280
301
78
510,093
7,228
93,331
0,617
546,432
281,688
67,750
81,139
33,912
47,419
0,413 4.6S6.968
Ttotal
StncK.
I
iT8fr
193
454,214
Ind'nola,<&o
New Orleans.
Thi*
Week.
"««•
8,472
2,625 1,501,695
251,421
42,852
649,046
8,059
414.962
13,633
91,634
12,574
573.345
220,460
106,413
175,298
23,832
52,243
5
456
286
38
4
614
35
433
1,460
411
1,793
8,694 4,737,670
1884.
0,231
5.572
101,987
14,474
2
4,978
132,321
8.782
5,663
1,593
772
1,933
6,019
4,030
686,723
433
to-night,
last year.
2,842
64
330,438
6,310
338,547
7,160
9,271
8,028
6,301
11,000
493,129
523.131
In order tltiatcom parison inay be made wit h Other years,
give below the totals at leading ports for six seasons.
ReceipUat—
New
Orleans.
MobUe ...
gavannah.
1884.
1885.
279
195
3,640
77
2,003
2,625
Qalvest'n.iSM.
Uharl'sfn, SiO
723
nrUm'^'n, &o
61
1,407
Norfolk, &,o..
All others
Tot. this w'k.
433
456
286
42
549
1882.
1883.
1881.
w»
1880.
2,691
7,419
5,788
9,930
1,021
2,458
1,391
1,464
2,577
2.232
2,928
5,667
8,763
1,724
4.166
3,012
437
527
307
139
2,626
7,498
5.686
13.188
6,53i
7,477
20,864
42,415
26,514
1,123
4,103
10,297
12,654
9,413
8,694
43,976
992
664
884
i,6oa
46'*6.3«8 4737.670 57.^5.221 4519,8^6 5488.448 4715,678
Galveston Includea Indlanolii; Charleston includes Port Royal, &o.;
Wiluiin^rtou includes Morehead City, ic; Norfolk Includes West Polut,&o.
Since Sept.
1.
The exports for the week ending this evening reach a total
of 25,657 bales, of which 21,497 were to Great Britain, 1,805
to Fiance and 2,855 to the rest of the Continent, while the
itocks as made up this evening are now 493,129 bales. Below
•re the exports for the week and since September 1, 1884.
Wuk
Bndino
Sxporttd
Man
From
15.
Sept.
1,
1884, to itav 15, I88(.
Exported to—
to
Aeportf
/rom—
Oreat
I
.Brtt'n.
SalTeston
.Vew Orleans.
Oreat
CimU- Tbtol
'*^'*" nent. Week. Britatn. I^ne*
1,850
9.4 16
siobtle
Florida.
Savannah
....
CharleMon*..
Wilmln«*i>n..
Norfollt+
.*«» rork..
Boacon
9,078
1,3(»
757
...
S7»
...
757
Baltimore..
Plilladelp'a,Aa
Total.
ai.4»7,
l..'M)5:
*
nerit.
Total
7.470 ~6l.l45
239.283
157.1U8
6;0.43l 282,403 321.673 1*74,60T
700
43.830
43,130
S.533
8.586
179.903 11.699
199.256 S90.8SS
164.211 22.259
152.665 839.136
14.040
85.863
61.83)
35.670 345.309
813 210
6.S7S
14i.7J8
688.391
407.576 37,013
469 114,889
114.430
39.914
169 833
116 638
8,050
60J290
6.212^
65.038
tJSSi
25.857 2.277.663 370.329 "967.517 3.615.603
~851
881 618 3,e«8.73«
11.447 8.20S.78a 188,374
8,785
Total 1SK»J<4
Includeo eirp<t<*i« rroia Port ttoral, Ao.
t Includes exports from West Point, Ao.
4.8I1I
ConU-
Hay
THE OHRONiqLE.
16, 1880.J
In addition to abovo exports, our teleKraras to-n!f(ht alio glre
us tlio foUowiiiK iimountK of cotton on HhiplKXird, not olearwl,
at tho ports niinuvl.
Wo add similar lt){uro8 for Now York,
which are proparnd for our special use by Meaen. Carey. Yals
Lambert. 89 liroad Stniet.
A
599
Tub 8amb AJiD Pwcm o» ftJTUMi •!• ihown by
tha following comprehenalre Uble. In the
wiU be (oasd lb*
daily market, the pricoii of salon for each
month «aeh daj,
the cloeinK bids, in addition to the dally and total
1
UtmiMt
mA
On SMpboard, not eUand—ftn-
lUr
IS,
AT-
Oreat
Fhtnee.
Britain.
KewOrleons..
Mobile
OharlMton ...
8kv»nnnh.. ..
QalvemtoQ..
Norfolk
..
New
York
Other porta...
Total 1885.
Total 1884 ....
Totia 1883 ....
Otker
ftrtign
iMUtna
Ooait-
I
Total.
1,007
None.
12.163
None.
300
300
300
300
107
1,103
1.081
8,500
4,000
3.550
None.
None.
None.
None.
None.
7.000
3.500
None.
None.
None.
500
None.
None.
lt,050
5.027
5,665
2,705
27.537
465,592
16,058
40.921
3,183
5,487
2.160
10.740
040
22,341
70 021
500.790
481,415
3.065
None.
None.
None.
None.
Nono.
3,941
None.
None.
None.
1.0')6
1.081
1,500
12.864
We have had for the week under review
tled
«o«*.
w(m.
and somewhat
irreg:ular speculation
an
80,824
14,474
5 365
4.578
5,088
3.038
321,nj8
20.437
inactive, unset-
in cotton for future
delivery at this market. The strong confirmation which the
reports favoring tho maintenance of peace in Europe received
on each succeeding day were met by improved prospects for the
growing crop, and dull, weak markets for cotton goods at home
and abroad. There was an important decline on Saturday
under the crop accounts, and the market was unsettled
on Monday. Tuesday, private cables regarding the statistical
position in Europe caused an active speculation for the rise.
But on Wednesday the failure of Liverpool to make an adlast,
equate response to our movement caused dulness, which in
the business for the next crop became a decline under improved crop prospects and an increase in the acreage. Dull
accounts from Manchester and the low prices at whioli domestic
cotton goods sold at auction were also unfavorable circumstances.
Yesterday ther? was an improvement on stronger
Liverpool accounts and better reports from the auction sale
of cotton goods. To-day there was some depression under unfavorable foreign advices and improved crop accounts. Cotton
on the spot became rather more active for home consumption
as the stock in the country is concentrated here.
Prices have
been unsettled. Quotations were l-16c. lower on Monday and
l-16c. higher on Thursday.
To-day there was a fair business
for home consumption, but an easier market with midling
uplands quoted at 10^ c.
The total sales for forward delivery for the week are 371,400
bales.
For immediate deliverv the total sales foot up this week
2,680 i)ales, including 800 for export, 1,880 for consumpUon,
for speculation and
in transit. Of the above,
bales
were to arrive. The following are the official quotations for
each day of the past week.
—
—
Kay 9(0
^ay 15.
I
Ordta'y.^lb
Strict Ord..
Ouod
UPLANDS.
rnon Toes
Sat.
8^8
9Tg
Str.
On! 10«4
Low Miaa'g 10»i8
Oi-d..
OM
Str.L'wMldlO^
Middlin>c...a0''8
Oood Mid..|lll.a
Btr.G'dMldiU'^
Midd'gFalrillOg
Fair
|12'«
Ordln'y.lfl*
Strict Ord..
Good Ord..
—
Th.
8»18
i?'8
I
9»I6
1
8»8
iCe
10.3,,;
10% 110%
1013,8! 10%
im
I0i4,eil0i5if 11
lUie ll'iB It's
8»i«
I
10>«
107,8
117l8
111*18
127,.
117l8
•
127,8
ired Th. FrI.
!
9'9
!io>4
10i>i8 |10»,g
878
95,8
878
95u
G'd Ord, 103,8 IOI4
im
UH UH
STAINED.
Qood Ordinary
Sat.
«lb.
Good Ordinary. .;.....
Middling
Strict
Low
MlddUng. ...?..
SH
127,8 Il27,g
121fl
81S,.
9%
..Ii03a
Th.
9'l8
ID'S
10><
1013,9 1013,8
10>fl
Ills
ll»ie
lli«
1178
I2is
raoniTueaj'Wedl Th,
S7.
87b
!
Frf.
'
813,8 878
9>4
95,3
101,8 1018
im
83,a
lii^i
1113,81113,8
Wei
I
83,8
9K<
878
10%
117,8 ;ini8
U'8
:
I
107,8
im
i
llHl
ll^S
12>«
813,8
9>4
J
10i5,eioi6,g
1018
101,6 lOlfl
IOI3 107,8
107,8 IOI3
LowMlddyilO>«
10% 1013,8 1013,f 10%
Str.L'wMid:i0ii,8 10% 110% 1015,8*
11
1016,6
MlddUiiif... 1013,8 1078
1079
Ills
ll'ia
ll'l«
Oood Mid.. 11
111,8 ll'ie
11SI8 11»18 III4
Btr.O'dlVIld 113,8
Ui* 117,8
117,8 Ills
Midd'g Fair, 119,8 ll»g 'll<^ 1113,8 ll'a 1178 1118,,
fair
'l23,8 Il2^«
12>4
I2I3
127,8 12i«
127.i
Str.
813,8
9<4
914
OH
IOI18 ,101,8
101,8 1107,8
813,8
914
9
91,8
„- ,„, 9'8
9l'l«
„ „
813it
IOI9
10>«
95i8
Frt.
TEXAS.
IHon.Tae*
ItloiiiTaes Sat.
813i«
9
9
913,8 9'»u
10»;
108,8
10»3
to««
101>,« 1011,8
lOliia 1013,,
II
ll'l6
11»18
123,„ 12S,8
W«A
NEW ORLEANS.
Sat.
U"fl
II^IB
u>«
ll'e
12ia
Fd.
I
83,8
81*
8M
878
816,4 8»i,«
911,8 9%
lO'ia llO^ ilO^a
0%"
I
105,8 '1Q», 8
HABKET AND SALES,
The total sales and future deliveries each day during the
week are indicated in the following statement. For the conyenience of the reader we also add a column which shows at a
glance how the market closed on same days.
SALES OF SPOT ASD TRASgrT.
SPOT MABKET
CLOSED.
Bat.
Oon-
rump ulrn
Mon Dull at 1,8 dec...
Tnea Firm
Wed Steady...'
1,8
adv
200!
....'
....!
....
600
96
378
69
463
327
547
Jfjfi.. Easier
....
.'Total.
900 1.830
The
lU.
rota/.
Salei.
2Mi«tritt.
for April. 1,738,500.
Weak
"Tbnn Steady at
Export.
• Inolndes saleo In September, 1884, tor September, 158,200: Septam
berOotober, lor October, 421,800; September-November, for NoTeadMr,
582,200; September- December, for December. 967300: BeptembarJanimry, for January, 2,114,100; Septembei^Febmarr. tor rebnurr,
1,959,200; September-March, for March, 2,294,100: September- April,
296 49,600:
378
69
463
027
547
50O
500
42,900
47,300
14,200
45,700
40,800
1,000
2,680!271,400
3,100
dally doltrerlea given above are aotaally delivered
previous to that on whion they are Tep<Mted.
the
(iOO
500
day
have Included in the above, tabl*. and tliaU eonttnne aaah
X^toWegive,
the average price at tatnree each day (or each montk.
week
tt
The
be found under each dav following the abbravlatlon " Aver.
average for each month for the week ta alao glvan at bottom of tabla.
10-70a.:
Monday,
lOWe,:
T
n
Orders-Saturday,
ai
l
ay,
Transferable
lO'SOo.; Wednesday, lO-SOc; Thnniday, 10 OOo.; Friday, 10-80e,
will
'
The following exchanges have been made during the weeki
11 pd: to exch. 2,000 June tor July -08 pd. to exch. 300 Jnoe for Aof.
I
06 pd. to exch. 100 July tor Aog.
|
.
»
'
m
:
TflE CHRONICLE.
as made up by cable
as follows. The Continental stocks, as well as
Jthoee for Great Britain and the afloat, are this week's returns.
.!and consequently all the European figures are brought dowr
to Thursday evening. But to make the totals the complete
figures for to-night (May 15), we add the item of exports frcni
'the United States, including in it the exports of Friday only.
The Visible Supply op Cotton to-night,
<guad telegraph,
is
etookat London
1883.
1884.
997,000
65,000
1885.
978,000
29,000
balea
'Stock at LlTerpool
960,000
65,300
1882.
991,000
55,500
Total Great BrltatD stock. 1,007,000 1,062,000 1,025,300 1,016,50
2,200
3,500
3,000
5,500
Stock at Hamburg
27.900
45,500
69,800
50,100
6t<)<* at Bremen
18.900
33,000
43,000
48,000
Stock at Amsterdam
540
2,500
500
1 ,000
Stock at Rotterdam
1,900
3,200
900
800
Stock at Antwerp
Stock
Stock
Stock
Stock
>8took
175,000
5,000
72,000
9,000
5,000
2i4,000
7,000
57,000
10,000
7,000
151,000
7,400
84,000
14.000
9,800
lC4,00(i
370,900
4.48,700
356,900
1 98,783
at Havre
at MareeiUes
at Barcelona
at Genoa
at Trieste
-Total Continental stocks
2,590
30,500
5,000
5,253
Total European stocks.... 1.377,900 1,510,700 1,382,200 1,245,283
401,000
3.56,000
314,000
(India cotton afloat for Europe. 1 89 ,000
47H,000 326,000
142,000
140,000
- Amer'n cott'n afloat for Eur'pe
47,000
37,000
34,000
13.000
lEgypt.Brazll.&cafltfor E'r'pe
Stock in United States ports . 493, 29 52i,l;il 551,436 483,763
100,706
11«,021
66,961
64,572
'Stock in U. S. interior towns..
14,00^i
11,200
1,500
4,300
?5Jnlted States exports to-day.
'
2,2?l,'i01 2,592,295 2.931.860 2,617,75£
Total visible supply
Of the above, tbe totals of American imd other descriptions are as follows:
afloat for Europe...
"United States stock
TTolted States interior stocks..
'XJolted States exports to-day..
722,000
226,000
722,000
316,000
142,000
523,131
66,961
751,000
266,000
140,000
493,129
64,572
4,300
bales
'LiverpoSrstock
^Continental stocks
American
5
..
47ri,003
551,436
118,021
11,200
1,500
609,000
97,000
326,000
483,763
100.-06
14,000
1,719,001 1,771,595 2,101,660 1,630,469
Total American
Xast Indian, Braeil,
<ie.-
lilverpool stock
.Londonstock
Continental stocks
India afloat for lOurope
VEgypt, Brazil, *c. afloat
'
227,000
29,000
101,900
169.000
275,000
65,000
132,700
314,000
13 ,000
3 4 ,000
,
Total East India,
Total American
238.000
65,300
130 900
356.000
37,000
382,00;i
55,50ff
101,783
401,001'
47,00"
9S7.2S3
820.700
827.200
1,719,00: 1,771,595 2,101.6€0 1,630.469
562.900
&0
[Vol. XL.
same period
bales less than at the
last year.
Tlie receipts at
towns have been 337 bales less than the same
week last year, and since Saptember 1 the receipts at all the
towns are 333.849 bales less than for the same time in 1883-84.
Quotations fob Middlinq Cotton at Other Markets.
In the table below we give the closing quotations of midiling
cotton at Southern and other principal cotton markets for each
day of the past week.
the same
—
CLOSISO QtJOTATIOSS FOR MIDDLISG COTTON
WeeH endltig
May
15.
Galveston
New
. -
Orleans.
Mobile
Savannah
.
.
Charleston
Mon.
Tttes.
lOia
lOia
lOHi
I019
10%
10%
10%
10%
105i6
lOii
105,8
IOI9
10>a
106,8
lOia
lO^
lOH
.
WUmiugton..
Norfolk
lOH
109,8
109ie
Boston
Baltimore
Memphis
Louis
Cincinnati...
Louisville ...
1014
109,8
11
lO^g
11
1058
10l>8
10%
lO'g
11
lOi-iSOs
10%®l2
u
lOTg
u
11
Philadelphia.
A-Ugusta
St.
Satur.
10%
10%
10%
10%
10%
10%
10%
10%
101«
lOHi
lOH)
Wednes.
lOS.e
lOis
OH-
Thurs.
Fri.
lOia
107i„
105,8
IOI2
IOI3
10',«
105,8
lOlfl
10%®'2 10>a89,„
1013
I4
109,6
10 >4
10=8
109,8
11
11
11
1014
10''8Sl]
11
1058
10%
10%
1056
101«
1,
10%
11%
IOTbSII
11
10=8
10=8
10%
10%
10%
10%
10%
10%
10%
lOlg
Amount of Cotton in Bight May 15.— In the table beiow
we give the receipts from plantations in another form, and add
to them the net overland movement to May 1, and also the
takings by Southern spinners to the same date, so as to give
amount of cotton now in sight.
substantially the
1884-85.
1883-84.
1882-83.
I
18Sl-(2.
Receipts at the ports to May 1 4,688,91)8 4,737,670 5,755,221 4,519,865
Interior stocks ou May 15 iu
26,666
117,386
excess of September 1
53,730
70,010
Tot. receipts
from planta'tns 1,740,698 4,764,336 5,872,607 4,5'<9,875
578.718 546,726 599,8fi2 422.630
May 1 239.000 26 1,000 275,00u 2H',000
Net overlaiul to May 1
Soutlieru consumpt'n to
Total in sight
May
5,55s,416:5,575,062 6,747,461 5,222.505
15,
Northern spiimers' takin,ss to
|l.248.57l'l, 419,828 1,584.339 1,441,200
May 15
It will be seen by the above that the Ueoroaae in amount m sigh
ti-nlslit, as compared with last year, is 16.616 bales, the decrease
from 188-2-8 is 1.189,053 bales, and the increase over 1881-32 is
335.911 bal"8.
Weather Reports by Telegraph.—The weather has in
!
2.281.901 2,592,295 2.931.860 2,617.752
Total visible supply
6i4d,
tiissi
5i»i.d.
bi'nA
TrlceMid.Upl., Liverpool....
lie.
I214C.
ll'aa.
lO'efPrice Mid. Upl.. New York....
fgg- The imports into Continental ports this week have been
33,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 310,391: bales as compared with the same date of
1884, a decrease of 049, 9o9 bales as compared with the corresponding date of 1883 and a decrease of 335,851 balea as
4C0mpared with 1882
AT THE Interior Towns the movement that is the receipts
•or the week and since Sept. 1, the shipments for the week, and
stocks to-night, and the same items for the corresponding
.period of 1883-84 is set out in detail in the following statement
—
he
H
—
H
general been quite favorable during the week, and the crop
has made good progress. In a few sections, however, there
are complaints that the weather has been too cool, but without damage to the crop other than checking its growth.
Ga'veston Texas.— It has rained Iiard on four days of the
week, the rainfall reaching three inches and sixty-five hundredths. Average thermometer 78, highest 82, lowest 58.
Indianola, Texas.—We have had showers on three days of
the week, the rainfall reaching fifty-seven hundredths of an
The crop is developing promisingly. The thermometer
incli.
has averaged 73, the higlieat being 88 and the lowest 56.
Palestine, Texas. There has been no rain during the week.
A good stand of cotton has bf>en secured. The thermometer
has averaged 65, ranging from 51 to 85.
It has rained on one day of the week,
Hu'itsville, Texas.
the rainfall reacliing one inch and twelve hundredths. The
crop is developing satisfactorily. The thermometer has ranged
—
—
^°'
P-.
O
m
to
I
cD*.H-
M. OOQOOl-'
-^
CO
CO
Ml
W 01 M M W
"-I
CZJt*^ i -IK,
W
C;i
h* y>
y to to
;
o:
1
:
:
:
:
.
.
p
to
h;
o
;
cjaccto»<jK^occ.
g
;
.
CO
ifi'
V:
ti.
Of
from 51 to 86, averaging 68.
Luling, Texa^i —We have had hard rain on one day of the
week, tlie rainfall reaching two inches and tw^elve hundredths.
Average thermometer 68, highest 87,
Crops promising.
m I?
lowest
M*.-^*- 0-1
l-'WtO<lC0*-<J(^
c -J Oi -- ^ !i ** 00 KJ o; oi
cji
^ to a c ^ M o
QD«
It*
»-
amyo
c: X to to *- *
>-*
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54,
Columbia, Texas.— It has rained on one day of the week,
the rainfall reaching ninety-five hundredths of an inch.
Crops are good. Some lowlands have been overflowed by the
Brazos River, but no serious damage has been done. Average
thermometer 71, highest 86, lowest 58.
Bren^am, Texas. We have had rain on two days of the
week, the rainfall reaching sixty-three hundredths of an inch.
Crops are fine. The thermometer has averaged 68, the highest
being 88 and the lowest 51.
Belton, Texas.— It has rained on two days of the week, the
The crop is
rainfall reaching nineteen hundredths of an inch.
developing promisingly. The thermometer has averaged 66,
ranging from 50 to 86.
M/eatherford, Texas.— The days have been warm but the
nights cool during the week, with no rain. The thermometer
has ranged from 44 to 84, averaging 60.
Dallas, Texas.— The days have been warm but the nighta
cool during the week, with rain on one day. The rainfall
reached eight hundredths of an inch. Much cotton recently
planted is not yet up, otherwise prospects are favorable. Corn
and small grains are doing well. Average thermometer 64,
highest 90 and lowest 45.
ffiiw Orleans, Louisiana.— V^e have had rain on five days
of the week, the rainfall reaching »wenty-three htmdrdeths of
—
H
iu
:
ca.
**0DC0OiC:Mrfi.MtCCi
V*».M'
CD 01 h- Oi (C to
Ser'xps
s p ^
ai
!J^.
* Tills year's flgiu-es estimated.
The above totals show that the old interior Btocks have
decreased during the week 10,852 bales, and are to-night 2,892
The thermometer has averaged 71.
Shreveport, Louisiana.— ^aintAll for the week eight liundredths of an inch. The thermometer has averaged 66, the
highest being 85 and the lowest 53.
have had no rain all the
Columbus, Mississippi.
week, and it is needed. Average thermometer 64, highest 80,
lowest 44.
Leland, Mississippi.— The nights have b«en quite cool
during tljp week, but thus far crops have not beenjmaterially
an inch.
—We
iUn
XHK CHMONirLE.
lU. 1886.]
601
bos averaged Ml -5, the
'^ter
higi
.:.ivo
.
had mil
the week, the rainfull
r
niui
uu inch. The wt'nth(>r
vuUHing iimnypuV wor
r
IvUii'
oroiH
ai
1
th€'rni<>m«t«<r
h«H
iivi-rai^txl til,
'
Jf,
;
has
It
,
m»ii
ry
hm
n
"ti
Tim
..
No
oi
(lie ro-
i
TI
the
lit
shcir a dfffrwiM of 897,000 bftlM.
MAitnii Mid other Ia4te pr>rto for
..
tut of JMHurjr, for two
:i,„r porta" oovar C^rJon,
'
Tutioorin, Mirra<
una UocomulO.
iii»i
I'ainfiil
serioua
Iki;
d:iiii:iKo
The thermometer has
11.
:.
1
It
yeftTH.
raiiii
iiu'h.
...I
'
to 71. UVi
'1,(0
ran
l>oeu pl*'(is«at.
thru M...
done by
fv
re!><
th4
Ih-'oii
from 43
range<l
THal.
— We
have had rain (ilriz/.lcH)
Mein/i/iix. Tenne\-see.
tbre.- days of the v eok, the rainfall lieini; innjjprei-ial'li'.
OmiUHml.
BrUatit.
on
IMal.
The oataou*-
wealher liatt been ritther cool all the week. Munds have beeu
broken by out worm^, caiifiug somerey-plantin^. LikIiI, frosts
tteturduy and Sunday niornrnga. Averajjo tliermonieter 01,
3,u00
I88«
1884
tfadra*1885
5U0
3,000
8,100
3,000
S3.S03
80,500
II.SOO
40,000
Gt.OOO
1^7,400
4.010
13,000
4,flo6
4,000
17,000
17,100
13,600
20,500
3.0)0
73,«00
113,000
32.000
48.S0O
1884.. ....
hitthesl 78, lowefl 11"5.
^(u/ioiUe, 7VM;»e*see— Telegram not received.
itobite, Alabama.— It has rained (sprinklea) on three days
of the week, the rainfall reaching twelve hundredtlis of an
inch. The crop is developintc proiuisingly. The thermometer
has av» raged Ci, ran},'itig from 53 to 8>.
lU otUen-^'
1885
1884
161
aU-
total
3,000
issa
1884
500
8,000
3.400
3.900
lon.fioo
161,500
Montgomery, Alabama. — We have had rain on two days
The above totals for the week show that the morement from
and the remainder of the week lias been pleasant. Tlio rainThe ther- the ports other than Bombay to 400 hales ^ an than aame
fall reached forty -three hundreilths of an inch.
week* last year. For the whole of India, therefore, the total
mometer hiis rangtd from 48 to 81, averaging 05.
Selma, Alabama. We have had no rain during the week. shipments since January 1, 1885, and for the correaponding
The days have been warm, but the nights have been cool too periods of the two previous years, are as follows:
—
—
Average ther-
cool altogether for this season of the year.
mometer 61, highest 83 and lowest 48.
Auburn, Alabama.
— It has been
showery on two days of
sixty-one hundredths of an
the week, the rainfall reivching
inch. The thermometer has averaged 03, the highest being
80 and the lowest 47.
have had no rain all the week.
Madison,Flori<la.
The thermometer has averaged 70, ranging from 5,5 to 86.
Macon, Georgia. The weather has been cold and dry all
the week too cold preventing the growth of cotton. All
vegetation is backward.
Columbus, Heorgia. There has been no rain all the week.
The weather has been too cold. Average thermometer 05,
highcist 73 and lowest 50.
have had rain on three days, and
Sacannah, Georgia.
the remainder of the week has been pleasant but quite cool.
The rainfall reached twenty-seven hundredtlis of an inch.
The th-rmometer has averaged 07, the highest being 86 and
the lowest 54.
had rain on one day in the early
Auyunta, Georgia.
part of the week, but the latter portion has been clear and
—We
BXPOBT8 TO BDROPa rSOM AU. DIOIA.
—
alt
Europe
Tkie
from—
Bombay
iOloUior ports.
—
—
Total
voeek.
Jan.
36,000
3,000
39,000
averaging
60.
Charleston, South Carolina.— We have had rain on two
ot the week, the rainfall reaching twenty-nine hundredths
of an inch. Average thermometer 67, highest 85 and lo« e.st 54.
iStateburg, South Carolina.— It has rained lightly on one
day of the week, the rainfall reaching one hundredth of an
inch. The thermometer has averaged 64, ranging from 48 to 82.
Wilsort, North Carolina. The uays have been warm but the
The
niglits cool during the week, with rain on two days.
We have had
ralniall reached forty hundredths of an inch.
The thermometer has ranged from 46
frott, but not killing.
to 78, averaging 62.
The following statement we have also received by telegraph,
ahOTving the height of the rivers at the points named at 3 o'clock
—
1
1.
1885,
and May
Alexandria. Egypt,
May 13
Nai-hvil e
SUrevepiirt...
Vir-kt*htir»f .......
Below UIkU- water mark
Ahove low-watermark.
Above low-water mark.
Above low-water-mark.
....Above low-wmer-mark.
14,
't*5
May
Ineh.
•i
5
21
9
5
30
40
Inch
4
.5
29
9
32
.5
45
5
6
—
We
SlUpnenfitneeJan.
week
HMXipU.
1.
I
Tear Ureal Oonlir _„_,
"Wl.
arii'n.
le8.^ 10.0
1884
lB8a
1882 37
03.OOO1
3.300
003,000
81.50O
556,6:)0
37,400l
869.500 95,300
984.50O
nent.
:(T.nni>'-!r:.nno
great
OorUinent.
<
I
IBritaini
".o.nno r?i2,ooo
1
I.OOO
1.000
..000
TKu
Totat.
Week.
451.000 58,000
BOi.OOO i;. 000
HO 1.000 lis.ooo
SiKet
Jan.l
077,000
'.1 -2,000
i.-'
i:<,000
^1 nooli. 202.000
>*fi
1882-8».
1883-8 i.
4.000
2,631,000
Thit
Sinee
tuek. Sept. 1.
Tkit
Sinee
week. Sept. 1.
TkU
1.000 295.000
2,000 184.000
2,000 244,000<
1,000 129,0001
1.000 227.000
I.OOO 32,000
3,000 470,000
3,000 373,000!
Total Enrope
*
A oautar U 98
4.000
4,000
3,588.000
Exports (bales)—
.
I'o Liverpool
roOontiuent ....
2.244000
2,000;3O».0OO
i
lbs.
This statement shows that the receipts for the week ending
13 were 4,000 cantars and the shipments to all Europe
May
3,000 bales
—
Manchester Market. Our report received from Manchester
give the prices
to-night states that the market is quiet.
for to-day below, and leave previous weeks' prices for comparison.
We
1884.
1885.
OoU'n
32( Oop.
Ic. '84.
Ftel.
1
Kew Orleans reported below high-water mark of 1871 tintil
Sept. «, 1874, when the zero of gauge was changed to highwater mark of April 15 and 18, 1874, which is 6-lOtlis of a foot
above 1871, or 16 feet above low-water mark at that point.
We have
India Cottok MovjaiENT from all Poets.
re-arranged our India service so as to make our reports more
liad found
detailed and at the same time more accnrate.
impossible to keep out of our figures, as cabled to us for the
ports other than Bombay, cargoes which proved only to be
The plan now
Bhipiiieuts from one India port to another.
followed relieves us from the danger of this inaccuracy and
keeps the totals correct. We first give the Boml>ay statement
for the week and year, bringing the figures down to 31 ly 14BOMBAT RE0KIPT8 AHD SHIPMENTS FOE FODB TBAE8.
Hi'it-Ksntg lhi(
808.000
161,500
1884-85.
This week
Since Sept. 1
d.
Or'.eaiiB
34,000
3,400
Receipts (oantars*)—
8>4
i
A.
"
Apr. 3
••
10
" 17
" 21
B.
5
5
6
6
6
6
6
6
3>4
83|(i»8%
83ie»8\
3»igi»8%
8»16»8!^
32* Oop.
Mill.
A.
d.
5»Bi« 8>s
6
6
6
6
518,.
5'8
S'a
5ll|8
_ .„ 8%
5'»i« 8»(|
51»,8 8»»
(.
d
5
5
7
Uid.
UpUt
d.
d.
•
2><
3%.
3<«
4
4<«
^'»
•7
7 _.
5 7>«a7
5 9><a7
5 10>a»7
09 3g
5 11
5
•
.1.
8»is» 9»«
8f« • 914
S>4
8%
81»,««fl5i«
S-Tg
OMfn
8>4 <5t.
Bkirtingi.
UpH$
d
«« 9
«6 9
»6 10
»6 10
9610
veio
«6 10
VSIO
6 «6 10
6 »« 10
38%
20 8»ie»8%
2' 8
'if 88%
Mchl3
tbi.
Shirtingi.
tviit.
Fetl.
New
451.000
105.600
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
15. 1884.
Uay
Meui|>liiK
week.
—We
days
May
Jmn.1.
Alexandria Receipts and Shiphents.—Throui^h arrangements we have made with Messrs. Da vies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
—
to 70,
mmee
/M.1.
yieek.
1.
—
pleasant. The rainfall reached twenty-two hundredths of an
inch. Accounts from the croj. 8 are favorable. Chopping out
ofpla'it is going on generally. The thermometer has averaged C4, ranging from 47 to 86.
Atlanta, Georgia. It has rained on one day of the week,
the rainfall being inappreciable. The weather has been unfavorably cool and dry for cotton. The thermometer has ranged
4'>
1883.
»net
ainee
This last statement affords a very interesting oomparison of
the total movement for the three years at all India ports.
— We
from
1884.
1885.
Shipmentt
to
e.
,
•7
07
o
6>«
I
• 938 5 11>s*7 5>«l
» «V 5 10>9a7 5>«
• 9>8 5 8>««7 3 e-ha
"
8li6a8»g
8
• 918 5 8>i*7 3
" 15 8'i«»8»a
European Cotton Consumption to May 1,—The cable
brought down to
brings us to-day Mr. Ellison's cotton Bgures,
May
1
83i«»8\
The revised totals for last year have also been
compariaon. The
received and are given for the purpose of
have been ao
takings by spinners, in actual bales and pounds,
May
1.
From
Oet. 1 to
areat BrUahi.
May 1.
amtinenL
For 1S84-8S.
lOtaL
rakiogB by gploners. .balee
2,087,000
1,030,000
4.076.000
welRlit of balea....
443
487
440
.
Average
Takings in pounds
924,311,000
For 1888-84.
Takings by spluuers... bales
welirUt of bales
Average
TaUntrs In
pmimU
—
... ...-..
2.230,000
431
060.925.000
860,193,000 1.793,734.00>0
1,929.000
4,139.000
429
430
9a7.08a.oo<)
.
.
:
THE CHRONICLE.
602
Collin counties, Texas, and a portion of the Indian Territory,
under date of May 9, that " planting is about finished, and in
the major portion of this entire section, the plant is out of the
ground, showing a remarkably healthy condition and an excel-
Stated in 400 lb. bales, the following shows the total takings
and the total and weekly consumption for the two years
Oct. 1 to
May
Boles of 400
1883-84.
1884-85.
1.
lent stand.
each,
000« omitted.
lbs.
Continent.
Great
Britain
Continent.
Total.
Oreal
Britain
89.
2,311.
152,
2,173,
241,
4,484,
124,
2,402,
2,067,
2,40l>,
2,32.5,
Consumpt'n 31 weeks 2,2^2,
2,005.
4,723,
4.227,
2,526,
2,196,
2.468, 4,994,
2,015, 4,211,
320,
493,
330,
Spinners' stock Oct.
Takings to
May
I.
1
SutHtiT"
Bpinners' stock
May
178,
1
Weekly Consumption,
00s am itled.
In Octobe p
In NoTem bor
In Decern i)er
In Jauuar
In Februsn-y
In March
In Apiil.
71,6
71,6
71,6
71,6
71,6
71,6
72.0
64,6
64.6
61,6
64,6
64,6
61,6
6^.0
136,2
136,2
136,2
136,2
136,2
136,2
137,0
same date
was postponed
last
discussion
Saturday for another week.
place to-day after the closing of the market.
137,0
137,0
137.0
133.0
133,0
137,0
137,0
I
1
—
East India Crop. Messrs. Wallace & Co.'s],Cotton Report
dated Bombay May 10 says
The receipts to date are this .year much behind last, and according to
all accounts cotton is coming into the up-ionutiy miirkeis in unusually
:
small quantities. Assunting tltat this slate or thing-* is clue lo the season bemg a laie one, it is unlikely that leceipis between now ar.d the
30lh June can keep pace with last ear's, as ilure it. net enough time
for the cotton to be picked and maiketed be'o'e ihe laii s .o that a considerable portion of it must necessarily be held until tlie lains are over,
iu which ca?c. cif course, the) eceipts in the latter half of iheyearwill
timply be increased at the expei se of the reeeipis duiii g the flrst half
of the year. Apart Irom this, hewevei. theie is fair .Mclence that tua
c .tton crops iu the Madras dneetion .ind the Southern Muhiatia country are Y&vy shore this year, so that thcie is sure to be a lali ng oft in
the supplies of Westerns, Coinptahs and Dharwar-, which, iu the
earlier half of last year amounted togethei to ueany 160,000 liales. Keeipis cifOomrawulee are so far about CiO.OOO bale,-* behind last year's,
but (If upociuntry reports are to be believed) this sh.iriage is more
likely to be increased us the season advances, owing ehic fly to the partial laiiUieof the crcp in the Khandeii-h Collector te, bui also, in some
measi re to the yield lu the Central Provinces and Berars turning out
disappointingly small. Accounts from Bioaih, too, are uuaiiinious that
that croji is so backward, many of the plants being still in flower, that,
unlei-8 heavy f*ews at night come to the rescue, the j ield is c. t-^io to be
short. More decided reports have also been iacelv received from the
Lihidlerah district -which point to not nicire than thr. e-loi.rihs of las!
year's crop beiug forthcoming this year, aid of ihi.t quai tliy by no
means so large a proportion can be n aiketed before tho rains as was
the case last year. Altogethc r popul r cpiuicm sets down ti.e available
supply of cotton as admitting ot an export lur the cur.ejt half-year of
not more than bOO.OoO bales.
The export for the corresponding period in 1884 was 1,266,000 bales. Hence if the estimate of th- Messrs. Wallace is
correct, the shortage this year would be 466,000 bales.
.^
on the subcertificates,
It will take
Those
who
<
;
May Report
op the Agricultur.\l Bureau.— Under date
the Agricultural Bureau at Washington issued the
following respecting cotton. Through the kindness of Mr.
Dcdge we have obtained the full report and figures.
May
is
distiiet
think well of the proposed new law hope that it will be favorably entertained and finally pass, as it would diminish the
cost of handling cotton, prevent loss by re-classification, and
lead to increase of business moreover, the certificates would
find favor with bankers. Yet, as the change requires a twothirds majority, the result appears doubtful.
of
have, the acreage
Apii' 27, there will be an increased acreage plauted in cotion in this
of 4^2 per cent as compared with lust year. The acreage
planted in corn also shows an increase 01 1% per cent. The weather
has in the main been javcrable for planting purposes. A'kansas Is the
onl.y section where too much wet weather is comp.ained of. 'ihe spring
has been somewhat baekwaid. but f»rmere have had ti eir lands in good
condition, and planting througluut the district Is nearly completed.
The season opens wi h the most favorable prospects. Labor U plentiUi der thei-e coudiiions, with
ful, and is reported as working well.
favorable seasons, theoutlook is quite jiromieing to the planter.
Aggregate, ',;Uo responses Acreage— 63 report an iui-reus d acreage
planted in cotton as compart d with last year; Y'l report a decrease and
ltj6 about the same— average increase, 4^ per cent.
Weather— 203 report the weather during Apill more favorable than
last year. 62 less favorable, and 26 about the same.
Labor— 27 report laliiir as plentilul and working well; 20 a scarcity
as compared with last year.
783,
453,
65,0
65,0
65,0
65,0
65,0
65,0
65,0
and of the issuing of
ject of inspection of cotton,
we
—
of last season.
New York Cotton Exchange.—The
information
Cotton Report for the Memphis District. The cotton
crop report for the Memphis district, which embraces West
Tennessee, North Arkansas, North Mississippi and North Alabama, issued by Messrs. Hil), Fontaine & Co. May 10, said:
As will be seen from the resiionses to 296 letters of inquiry sent out
525,
4,469,
Mr. Ellison revises his previous figures of consumption by
deducting 10,000 bales of 400 lbs. each from the total for both
Great Britain and the Continent. In accordance with this
revision we have reduced the previous figures of weekly
consumption to correspond. He states, however, that the
weekly consumption in Europe was in April 137,000 bales of
400 pounds each, against 137,000 bales of the same weight at
the corresponding time last year. The total spinners' stocks
in Great Britain and on the Continent have decreased 108,000
bales during the month, and are now 285,000 bales less than
at the
From what
increased about ten per cent."
Total.
401.
72,0
72,0
72,0
68,0
63,0
72,0
72,0
[Vol. XL,
8,
—
Jute Bctts, Bagging, &c. There is a steady trade in proand orders are Coming to hand more freely.
There have been few inquiries for large parcels, but the bids
Cottor, planting, tliough coraparatively late.Ms well advanced, fully
the proposed area liaviug been planted. The usual pro£ortion seeded on the ist <'f May Is probably 5 per cent greater,
ast year, but two-tbiid."* of the aiva was in germiaarion aL thia date.
Kaius in Texas have delayed work in planting. Everywhere it was
betuu lat", but Iheprogiecs has at aliuost all pc in s been unusually
rapid The plants have bieu slow In germination ou dry areas, and
have not .yet made their appearance at many points. Growth has been
ue advanced iu the Southwest.
slow in the Atlauiic Slates; it is
There has been an apuaront deteriuinatioa to make amends for the
late start iu planting. In Wilkes County, Georgia, it is said that there
" never was more cuttnn planted between the 15th and 2oth of April,
than has I eeu this spring." "In Webster it was begun later and ilnIshed earlier than usuiil." It is a general complaint in Georgia that
germination has baeu retarded by dry weather, and of course growth
Issiow.
In some districts of Alabama and Mlf sifsippi growth is more advanced
In Washington County, Mist-issippi. "plautiug is earlier than last year.
No ovei flows nf the Mis issippi bottoius are reported." Similar statements c( me from Loulf iaua. Flaming la nearly over In the lower counties.
Iu Catahoula "iilanting on liver lands is in advanceof ihat on
the pine hills, as tliey have not been overflowed this spring, while the
hills have suffered frnm the severest storms of wind and ram ever witnessed by the oiliest inhabitants."
There is little <-ompIaiutof a failure in the "stand" in the area already
In plant. The next report will determine the facts on this point more
gress for bagging
four-filti scif
moderate sized parcels for present requirements. Prices are steady and sellers are obtaining their
figures on the parcels moving, kiut a prompt buyer might obtain a Concession on a large order. A few liuadred bales have
found takers at 9o. for 1% lb., g.i-^c. for 1% lb. IOJ4C. for 2 lb.,
and lie, for standard grades, and the market closes at these
Butts are not act ve, though a fair trade is being
figures.
transacted and a few thousand bales have change t hands on
the basis of 1 15-16@2c. for paper grades and 2i4,@'i%o. tax
bagging, but there are sellers who are wilUng to ahade these
figures at the close.
for the orders are for
m
Comparative Port Receipts and Daily Crop Movement
—A comparison of the port movement by weeks
is
not accurate,
weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
satisfactorily.
constantly have before him the data for seeing the exact relative
In Arkansas there are returns of injury by river overflows.
movement for the years named. The movement since
The proportion of the crop planted May 1 this year in com- September
1, 1884, and in previous years, has been as follows:
parison with the tliree previous years, and also with an avera? the
age year, as given in a previous report of the Agricultural
Bureau, is as follows
Proportion of Crop Planted
States.
May
1.
Receipts.
Mayl,
Virginia
North Carolina.
South Carolina.
Geor.;ia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Tennessee
Average
,
1884.
1883.
1882.
Av'ge Year.
30
70
80
80
95
35
45
(0
68
95
75
76
77
80
15
35
75
73
96
83
82
81
75
72
67
40
75
85
86
98
86
75
71
80
76
77
35
67
81
83
97
88
85
89
87
83
80
85
87
85
85
82
81
79
70
77
52
so
66
Texas Crop.— Messrs. Martin, Wise
&
1832-83.
1883-84.
.
1.
1879-80
1330-81.
1881-82
429.777
853,195
333,643
883,492
942,272
956,464
647,140
447,918
261,913
158,025
458,47f-
963,31'
974,0411 1,006,501
996,807 1,020,80-.
487,727 671,701
291,992 572,72^
257,099 476,582
284,24r:
147,590
Total year 4,666,289 4,706,873 5,630,189 4,438,23!- 5,359,35t 4,638,367
Pero'tageof totport
91-23
9Z-74
94-02
9S-5S
97-01
receipts April 30..
1
Fitzhugh, of Paris,
Texas, write us as to cotton in Bowie, Red River, Lamar,
Delta, Fannin, Hopkins, Hunt, Titus, Cook, Grayson and
1884-85.
343,812 326,65b
Sept'mb'r 345,445
930,584
October.. 1,090,385 1,046,092
Hovemb'r 1,122,161 1,030.380 1,094,697
Oeoemb'r 1,101,211 1,059,653 1,112.536
475,757 487,729 752,827
January
385,933 595,593
201,44?
February,
163,503 241,514 482,772
Uaroli. ..
111,755 284,519
103,37i
April....
Propnrtion
Planted
1835.
Tear Beginning September
UontMy
:
'
1
I
This statement shows that up to April 30 the receipts at the
1883-84 and
ports this year were 40,584 bales less than in
adding
963 900 bales less than at the same time in 1882-83, By
receipts since
to the above totals to April 80 the daily
of
that time, we shall be able to reach an exact comparison
the movement for the different years:
:
Hat
"
"
7....
"
8....
"
9....
*
"
«
"
090
,438.235
6,284
6,013
3,235
8,916
9,482
3,769
668
1,814
2.333
a.030
8.
1.907
1,085
1,279
"18....
••
*
8,834
».09i
1.257
1,995
4,4S1
1,443
1.601
10....
11....
18...
B,
8,237
2.22S
1,711
8.
B.
603
688
2,384
7,905
7.414
,•^38.867
3.391
•B.
11.062
7,406
7,317
4,8
M
a.
10.882
8.070
5,541
7,036
11,438
5,214
B.
3,887
608
w MtomUwt
LnriRPOou—By okbl« from UTwpool.
statement of the weak'i hOm, atoob, ftc,
tdd previoua week* for oompwiaon.
a.
4,613
4,633
4,e»6
4,017
4,282
4,360
6,798
6.174
6,102
6,844
3,176
2,125
5,875
0,601
|),36s
1870-80.
,359,350
B,
8,156
0.440
10,931
4,076
878
14....
18....
10,953
7,431
a.
1880-81
1881-82.
1882-83.
1883-84.
Tot.Al<.30 4,6ti6,S8g .,700,H7:< \,630,18»
6.634
2.eo;
2.033
May I....
" 3....
6,531
1,247
3.t4l
7.363
"8....
B.
1,548
4...
8...
d....
.
THE CHUONICLR.
16, 1880.]
1884.88.
*
;
a.
7,180
2,430
4,107
3,573
2,890
3,150
a.
AprU
Salwof the week
bale*.
Of wbleh «xport«ra took
Of whioh speculaton took..
Sidaa
Anwnewi
Aetaal export
Forwarded
Total stock— EstlmatM
Ofwnlch Amerloan— Eatlm'U
Total liiin..rtof the week
Of wlilcli American
Imoiuil afloat
Of wblob American
Magi.
ai.
48.001
8,000
1,000
86,000
6.000
11,000
1.021.000
4.1.000
8,000
tha folloirlii«
VaylB.
Jteyt.
&^.00u
8.000
84.000
8,000
300U
as.ow)
6.00l>
10,000
1
70'4,0O0
,043.00)
800,00c
S1,00C
43,001
188.000
6J.OO0
45.000
140.000
78.000
W«
port.
1,000
4I.00O
a.ioo
13 000
•Ul.ilOi
it/too
11,000
104)00
076,000
700,000
84,000
13.000
144XX>0
184,000
70^00
66.00(1
The tone of the Liverpool market for spots and futarea
day of the week ending .\I ly
and the doily closing
I.'i,
of spot cotton,
have been as follows:
4,680.068 4,735,736 5,730,640 4,506,434 5,451,247 4,792,314
Total
Peroentage of total
portreo'pta
May
05-46
95 20
92-33
We
Bhippino News.— The exports of cotton from the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
S8,243 bales.
are the same exports reported by telegraph, and publislied in
With regard to New York we
the Chronicle last FViaay.
include the manifests of all vessels cleared up to Thursday
night of this week.
Total balti.
City of
Cliy of Rome, (additional) 56
DhUoo,
CliiCHgo, •./,(i8l
1,52.5. ...Etiuila. I92....Kepiil>lU-, 28U. ...Roman, l,-289
Kew Tohk—To Liverpool, pcrstpamer* Alicia. 2,070
... 8.itiirnina. (addliloniil)
680
9.076
1,306
To Havre, per steamer Aiiierlciiie. 1,305
To Breniei', per gteiiiucrs Dunau, 340....Fulda, 423
258
To HaiiiburK, per steamor Bbaetia, 511
To Antwerp, per steamer Nordlamt, 36H
To Copeiiliairen, per steamer Hekla, 958
Niw Ori.kans— To Liverpool, per steamer Amorlonn,
To Havre, persUlp He .Martha. 4,5. ;0
To Br. men, per steamer La Oaule, 2,i96
Market,
t
13:30 P.M.
(
fmtiW
Smill
Inquir/.
laq..lr)r.
rum.
nrm.
Mid. Upl'ds
Mld.Od'na.
s'^i*
O.OOO
7,0'V)
.500
500
pec.&exp.
Bardao'i. lobayen'
taror.
6«»ts
»•„
6'»i«
6'»i«
6 000
l.OUO
7.000
8 OX)
8000
I.UOO
600
600
Barely
BarslT
•uw/lf at
S St adr.
gal*c
6T,
Sales
6
future*.
Market,
Market,
4 p. M.
DolL
Doll.
12:30r.M.
•teadrst
1-04 adr.
]
Baay.
Qalet.
(
hot
Bssy.
•tWMlf.
atwdr.
aua«r.
Barelf
Maady.
Weak.
The opening,
highest, lowest and clonng prices of fatare* at
Ldverpooi for each day of the week are given below. Thete
prices are on the basis of Uplands, Low Middling clause, nnlfi
otherwise stated.
The pnee* are given in penee and OUAr, Ikiu: 6 62 mtan$
6 62-.64({., and 6 03 mean* 6 3-64d.
^*
Sat.
511
366
May
nan..
9.
Op«n Btg\
9.58
2,
2.40)
103
4,5.10
2 596
To Salerno, per liark S.insone, 2,200
To Gei>oa, per bark GUilia, -/.'iOO
To Veracruz, rer steamer Estahan de Antunano, 130
Wilmington— To Liverpool, (>cr liark Susan L. Campbell, 6'25..
Baxtimokk — To Liverpoul, per steamers Nessmore. 385
Nova
2,200
2,'iOo
130
625
.
1,8=9
Seoilnn. 1,501
;>er
^*M#y.
May
1 1.
Taaa..
May
IS.
1,020
IInliin»tauffeii,
To Bremen.
Wedn*!. Tltttrtd'D
93-81
This Statement shows that the receipts since Se(>t. 1 up to
to-night are now 4S,768 bales leas than they were to the same
day of the month in 1881 and l,0l'i,(il2 bales leas than they were
add to the table
to the same day of the month in 1883.
he percentages of total port receipts which had been received
to May 15 in each of the years named.
Boston— lo
Baturdav Monday. rMMtey.
4NX.
97-63
15
steamer Ameitoa. 913
91.J
Liverpool, per steamers Borderer, 1,083
Bothnia,
IS9
1,272
phi*- To Liverpool, per steamers British Crown, 309
....LordOough 939
1,218
Fhiiju>ki
33,242
^.......
particulars of these shipments, arranged in our ususl
orm, are as follows:
AntBremen vcrp t£ Genoa
Vera
Liver<t Ham- Copen- <* SitTotal.
pool, Bavre. l.urg. huuen. erno. Cruz.
13,'.23b
Hew Tork
9.076 l,30i 1,.531 1,3/1
2,4ii3 4,5.30 2,51)6
4400
130 14,059
N.Orleans
«>2.i
Wilminf^on
023
2,?02
1,''89
Balumore
d.
d.
Clor.
A.
553 6 63 5 93
May- lane.. 6 53 5S3 663
5Sd
5 56 6 66
Jnoa-Jalr.Jnly.Ans... 5 61 6 61 961
Amt.-topt_. 6 01 6 01 «0l
Mar
....
Soittember.. ....
3apt..Oct. . 6 81 6 61 5 61
0ct.-NOT... 6 52 6 62 6 63
Nor .-Deo... 5 49 6 49 6 49
Deo-lan.... 9 48
6 40
Jan-.Veb....
5 49
d.
563
553
596
661
6 01
....
561
9 33
6 49
6 49
FeD.-March
....
ll.
d.
...
9 61
6 53
4.
549
5 49
..
9 63
9 93
9 49
5 49
.
....
....
Bl9h Low. OlM.
Ol4M.
551 5 51 954 6 61
554 661 354 654
5 57 9 57 9 57 657
661 5 61 3«t 9 SI
6 01 601 6 CI 6bl
4.
d.
4
4.
665 554 064
559 699 094 604
ses 669 597 007
«0U 600 5M 9«
604 001 SM «oa
5 53
....
563
562
949 649
6 49 649
961
6 63
....
....
...
Cow.
Op«tl
....
eoo
564
691
061
000 563
654 603
651 560
9 51 560
....
....
....
..
.
0*
BOB
090
090
...
....
....
....
Total
The
MTednea.,
tl.
A.
6 55
556
6se
699
600
604
18,513
5.010
5,935
1,324
130
4,100
33,242
sot
May 8-
iron.
Tuet.
Liverpool, steam d.
saU...d,
Do
H'
V
V
Havre, steam
»32'
»33'
"g-
*»'
Do
sail
e.
sall....e.
HamburK, steam.c.
Do
Ball...o.
Beval, steam
Do
•
>>•
»33*
sail
d.
•
>••
732»'4-
...
ka'sa'
Ha«3a'
«*•
43t
...•
738®
V
Barcelona,steam.e.
»SS*
Genoa, steam
"«•
....
..••
•
451
***
'm'
---.
ki'sa* H8»3»*
..--
....
....
ka»3s'
*4»»32*
.>k
451
7«4'
>4«»sa*
»3»*
93»*
Fn.
»»2'
V
set
>.-*
733* H- 'sa»'4'
'4»»3a'
^a'sa*
....
30t
....
301
....
Ts,»>4' 735
av
....
....
....
....
»S»'
»33*
V
V
V
»3a'
•••
»i«*
e.
e.
'«,*
...a
8all....c.
Amst'd'm, steam.e.
Do
•«
e.
Bremen, steam. .e.
Do
•
Wedna. Thwt.
»32'
Trieste, steam... e.
>a»»i8'
Hl»»16*
H99u-
"is*
Antwerp, steam..e.
• Compressed.
'sa-
"S!'
»32*
'4*
tP er 100 lb B.
»sa*
W
'n'
»16*
'4*
....
*
....
6 51
6 91
551
651
....
...
...
....
....
....
4.
6 01
Hay
Bi«r.
4.
4.
537 667
6 57 567
599 099
600 000
S03 003
18.
tow. das.
4.
696
69rt
9 97
963
4.
000
966
097
061
6 03
03
600 •100 681
651 951 35i
6 51 661 690
651 5 51 560
9 SI
....
6 01
601
663 335 656
592 6 93 3 33 663
6 63 992 6 63 5 93
....
PtIm
Open
High Low.
65H 9 97 668
5 5S 5 97 638
660 5«0 560 960
601 sai 601 601
603 605 got 604
....
Nov.- Deo... 5,58 6 63
Deo.. Ian ... 5 32 653
GALVESTOX-For Liverpool— May 11— Slilp JiiUus, 1,8.50.
Nbw Oklbans- For Liverpool—May O-Steamers Chancellor, 2,755
Satur.
4.
6 01
5 35
Feb.. March
Steamer Cata oula, Gi.
yniuiDiSLPHiA— For Liverpool— May 1-2—Steamer Illinois. 379.
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.
Tynemolth, steamer (Br.)- Up to April 27, 155 bales of cotton had
been received at Uarllngeo, from stranded steamer Tyuemouth.
Cotton freights the past week have been as follows:
0pm
8ept..Oct.. 600 eoo 5 83 363
00t.-N0T_.. 6 55 565 65t 661
May .Jane.. 556
Jane-Jaly.. 5 53
Jaly-Au«... 600
Jiin.-Feb....
Puerto Riquoiio, 4,3^5.
d.
3 67
6 37
the latest dates:
Boston- For J.iverpo<d-May 6—Steamer Venetian, 689
<!.
Than., May 14.
665 6 55
563 653
9 68 598
563 663
603 603
Mar.
Beptomber..
Total
13.
Open atgh Low. aot.
Aaa..8ept...
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
May
....
....
....
....
....
663
650
500
....
...
....
....
....
...
•*
....
BREADSTUFFS.
Fridat. p. M . May 16, 1886.
Business has been quite dull in flour and meal during the
past week. The demand has not been urgent, either from the
home trade or from shipping. Yet the pressure to sell has
not been in any particular seriously felt, and prices have for
the most part ruled steady. Supplies are believed to be modthe acerate and there is nothing in the situation to stimulate
It is believed also that with the approach of
tivity of mills.
warm weather there will be. little or no stock which holders
under the necessity of selling lest it spoil on their
hands. To-day more sales of flour in sacks were made at lOo.
decline but the market was generally steady.
The wheat market has been unsettled without, however,
undergoing any wide fluctuations. There was an upward
will feel
tendency early in the week, in the face of unfavorable foreign
coodition
advices. This was due to the adverse reports of the
and prospects of the winter-sown wheat, which, ofticial and
came from many sections. Wheat circles all
concur in the opinion that this part of the coming crop will
foreign
be qviite deficient. But the coatina«d uofavorable
otherwise,
.
THE CHRONICLE.
604
rVoL. XL.
The destination of these exports is aa below. We add the
advices, the large visible supply, and improving weather for
correspond' ng period of last ye3,r for comparison:
the spring-BOwa wheat, checked the speculation for the
advance, and a decline followed with speculation comparaWheat
FUmr.
Com.
tively dull. Fine red wheats on the spot have continued
1884.
1885.
week
1885.
1834.
for
1885.
1884.
scarce and brought high prices for milling. The export
Week.
Week,
to~
Week,
Week.
Week,
Week,
9.
May
10.
May
9.
10.
higher
May
May
9.
May
10.
and
Mail
favored
by
lower
freights
demand, although
exchange, has been very dull. To-day the market was
Bbls
Bush.
Bush.
Bush.
Bush.
Un.Klng.
again dull and weak.
Contin'nt
DAILT OLOSISO PBtOES OF NO. 2 RED WINTES WnSAT.
Maydelivery
June delivery
lo5
10478
106ia
July delivery
August delivery
S6pteml>er delivery
Tues.
3fon.
Sat.
IOII2
In elevator
lO.i
IO314
10231
lOlH
103H
101%
108
lOSSa
107»8
109'4
lOBM
S.&CAm
Wed.
lOi
10338
Thurs.
Fri.
W. Indies
105
103
103^
IO214
Brit, col's
Otli.o'n't8
103%
lot's
IO514
10«ia
107SH
102%
103%
Total...
lO'i
10539
10S»i
IO714
108
Mon.
58
57%
56"fl
Maydelivery
56%
June
56ia
56
58
55
55
In elevator
delivery
56I3
57
July delivery
Wed.
Tues.
56>4
5538
5514
.'5%
56^4
5514
56
57
August delivery
Barley has been dull and unsettled.
107
Fri.
Thurs.
5.v%
54%
55
5158
55
5419
56
55k
54
54^4
Oats have been much more freely offered, and in the absence
of supporting foreign orders, as a basis for speculative values,
there is an important decline in prices for future delivery,
while parcels on the spot are also cheaper. To-day the market
was again depressed. No. 3 mixed closing at 38%c. for May,
S8^c. for June and
39c. for July.
The following are the closing quotations
:
FLOUB.
$2 80« 3 80 Soutli'n com. extras.. $4 009
3 50» 4 00 Sautbem bakers' and
8l<perftn6
family brands
5 00*
Spring wheat extras. 3 50» 4 50
JUnn. clear and stra't. 4 25a 5 25 Rye (lour, superflne.. 4 35»
40
Pine
3
25a
80»
4
extras.
3
sliipp'g
Winter
Winter XX & XXX.. 4 503 6 00 Corn meal3
25
Western,
&o
20a
5
00»
6
Patents
Brandywlne, Ao
3 45V
3 80» 5 20
City snipping ex
^bW.
Fine
4 8)
5 85
4 60
3 7o
3 40
3
5i
I
90
97
Sprlng,per bush.
SpilngNo.2
Red winter. No. 2
Bed winter ..: -
1
@
White
40 a.
No. 2 mixed
38% 4
No. 2 white
43%»
Barle V -No. 1 Canada. 83 9
No. 2 Canada
76 »
State, six-rowed
67 »
50
40
45
85
78
70
Oats— Mixed
98
ai 10
Ctom—West, mixed
90
92
54
West. mix. No. 2.
West, white
White Southern..
TeUow Southern.
51% a
56i«
60
63
56
63
68
59
White
8!
3106
9
®
a
«
78
82
37
State
0:'.%»1 05
57
Flour,
Bblt.Jdeibt
Chicago
Milwaukee..
Toledo
41
aeveland.
Bt.IiOuls
Peoria
155,575
1,644,570
1,347,6231
933,373
160,407
673,117
519,054
708,351
8.236,202
91,012.988
T,S79,878
61,890,977
7.607.^16
67.075.121
91,399.315
74,8UU.8S8
2,725
Tot. wk. '85
(241.057
Same vrk. '84
Same wk. 't'3
189,774
13,440
48,830
12,i;05
5,W5
..
12,111
May
9, 188.i
Boston
WKeat.
12.400
2,00!J
35,181
1,068,888
147,227
172,359
1,632,049
932.501
188,528
91,378
79,910,804
47.627,720
15.982,092
4,294,820
51,023,353
16,8,'>9.S70
6.341. 1.51
41,15U.'273
14,066,989
3,9U0,084
52,253
several seaboard ports for the week
are shown in the annexed statement:
Com.
Flour.
Oalt.
Sye.
Mouti-eal.
Philadel..
Baltim're
N.Oil'ns.
N. News.
w't
Bush.
553,813
86.0.;7
73,356
42,959
125
96'73"8
71', 128
23«,073
117,600
56,302
11,514
25
"447
572,450 1,066,471
181,281
79,009
13,727
2,3ife
779,177
1111,0^8
47.001
220,531
75,270
23,897
Bblt.
Sush.
78,562
Sush.
Bush.
2,-239
Bbls.
1888-4.
Aug. 27 to
May
Hay 10.
May 10.
9
Bmh.
Bush.
Bush.
26,837,'-8
BusK.
19857,938
3,C03,242
20.401,604
19,420,554
207.622
520.7S0
697,235
409,751
52,972
260.856
495.r40
17,2-2R,S05
12,470, 197:-;l0.054.0iO
. .
Indies.
Brit. Col'nles
0th. conntr's
Total.
27 to
4.598. 109
& O.Am...
West
Ali^.
8.488,4181
48.483
1,223
1.0«",803
1.000
37,385
8.010
17,567
303,285
68.888
79.307
6,714,133
1.337.825
298,305
119.570
117,950
31,054.936! 38.439,185
28.473.527
598,429
106,801
24.101
23,071
5,397,769
37.701,089
146
supply of grain, comprising the stoclss in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, May 9, 1885, was as
The
visible
follows:
In store at —
New Yorlc
Do
Wheat,
Com,
Oats,
Barley,
Bye.
bitsh.
bush.
bush.
550,383
419,112
72,000
11,000
bush
30,754
62,000
bush
14,792
3,'.
12,000
295,'jOO
afloat (est.)
Albany
700
397.019
Chicago
14,945,033
Newport News...
7,537
Milwaukee
3,543,016
6,440,87.T
Uuluth
Toledo
1,341,622
Detroit
868.606
60.0(0
Oswego
Buffalo
22,500
13,072
1,117,961
114,431
536,653
7,000
1.970
23,000
24,545
18,615
48,9.^0
46.974
15,000
441.953
4 0,578
171,318
1,196,585
47,993
53,515
Louis
Cincinnati
8t.
Boston
Toronto
Montreal
Philadelphia
Peoria
400
333,921
(.Ity
SOS. 180
1,474
792.514
2,875
32,100
562,114
456,061
31,469
20,800
104,686
117,756
105,316
1,136,207
2,031,940
1,189,896
687.825
1,796,146
May 9, '85.
May 2, '85.
May 10. '84.
May 12, '83.
May 13, '82.
18,000
9,535
56,127
37,530
35,2''2
13.832
18,989
5,325
33,000
64,361
35,690
l.,503
39,784
182
42.333
4.219
20,683
18,326
8-2,124
7,515
20,389
102,410
113,145
22,700
18,549
7,889
500
12,433
1,200
15,342
10.115
503,364
4,032
44,244
80,994
405,035 227,002
525,155 261.966
511,541 1,3.14,234
890,042 1,844, 90
264,403 1,003,016
6.605,759 2,086,050
8,3i;2,422 2.235,317
20.297,614 10,517,706 3,498.102
21,021.813 15,617,398 4,202,196
10,208,831 8,551,281 1,873,675
37.890,181
:!9.461.27S
THE DRY GOODS TRADE.
Feidat, p. M.,
May 15,
1885.
Business ruled very quiet in the wholesale branches of the
trade during the early part of the past week, the announceof
two important auction
sales (domestic cotton
to
goods
pause in their
These sales constituted the main features of
market, arid brought to this city a very large
operations.
interest in the
country.
The
first
occasion about 3,000
of the
buyers from all sections of the
was held on Wednesday, on which
cases fine dress ginghams (the production
and
retail
sale
Amoskeag Manufacturing Company) were promptly
but at ruinously low prices. This event was
closed out,
domestic cotton goods ever held in this country.
comprised about 20,000 packages of goods
the
leading
884,005
credit
several of
manufacturing corporations whose
in this market by Messrs.
represented
Eastern
are
Fabyan
The offering
made by
&
from July
Co.
1),
The terms were
and this
latter sale
liberal (four
proved
to
months'
be a remarli-
able success, taking into consideration the late depression in
the market for staple cotton goods. The attendance of buy13",'727
ers
S'lnc timi
18^
Continent
8.
Feat.
Bush.
442.950
14,865
Portland.
Total
Kingdom
Bliss,
..
9.
1884-5.
Axtg. 25 to
1863-1.
27 to Aug. 25 to
Maij 9.
May 10.
A-uq.
B6|J>.
CTn.
1884-5
1883-4.
4ltj. 25 to
May
products
E:gM>r(i
NewYorli
1884-6.
to—
2B,
3,500
The exports from the
from—
779,177
followed next day by the largest peremptory sale of standard
Since July 88
1884-5
1883-4
ending
>orU since
Auv.
influx of wholesale
2.025
17,691
11,500
258.140
1,015
884,005 1.086,171
lb
2,900
1,625
1,144,181
572.450
and ginghams; having caused many buyers
13,015
Duluth
188)8-8
Rye.
16.504
1,600
3.797
15,454
..
BarUv.
Butn.eoiu Bush.anibr Buj)l.Sai6. BluH.48Ih! Bu$h.ii
873.382
88,511
31,836
38.017
8,000
113,221
3,150
20,000
Ex
ment
Oat>.
700
1,198
season:
Tot.
Tot.
Tot.
Tot.
Tot.
61,169
1,910
3,985
....
Com.
119,038
On rail
Onlake
876.089
30.821
8,133
15,627
24,800
208.930
188,420
173.331
34,865
Detroit
Wheat.
184.281
669.816
69.087
32.345
3,874
3,010
828.323
118.682
107.874
9,894
331,107
11.780
8,539
lialtlmore
Down. Mississippi.
85
The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the comparative movement for the week ending May 9 and ainoa Aug. 1
for each of the last three years:
RectivU at—
620
552,- 93
By adding this week's movement to our previous totals we
have the follov^ing statement of exports this season and last
Kansas
®
«
a
Rye— Western
dl 08
034
384,677
187,743
3u
14,5-<0
Indianapolis
OBAH).
Wheat—
78,159
5,110
10.")34
Indian corn was firmer early in the week, from the sympathy which it has all along shown with the course of wheat;
but latterly the tendency has been slightly downward with
an unsettled feeling. The almost total cessation of the export
demand has been a discouraging circumstance which the
reduced visible supply could not wholly counteract. The
scarcity of white corn has in a measure been supplied, and
there is an important decline in this grade. To-day, at some
further decline, there was more doing for export.
DAILY CLOSING PRICES OF NO 2 MIXED CORN.
Sal.
142,462
2,063
14.822
6,905
17,495
was immense,
all
the principal houses in the trade having
been represented personally or by proxy. The competition
was spirited from beginning to end.and the vast block of goods,
amounting to about |l,6O0,O00, found eager buyers at an ar
Kay
THE CHRONICLE.
16, 1885.]
003
about S per cent below tUa prions ut whiuU they wore pretty good ehape, owing more to leeieaed
Imp .>rU tbao to
Following the auction sales there was n any real actirity In the demand.
held by the agents.
Blight improvemeol in the general deiuand for re-assortmentc,
loiportatloaa or Drr Ci»o«a.
but businees waa at no time active in commission or Jobbing
The imporUtions of dry good» at this port for the week
circles.
ending May 14, 188G, and elnoe January 1, and the Mme f»oU
Domestic Cotton Goods—The exports of domestios for the (or the oorreeponding perlodi a re
followet
week ending May 12 were 3,790 packages, including 1,76« to
Great Britain, 201 to Argentine Republic. 18.5 to Brazil, 114 to
Venezupla, 1 10 to Santo D.iiningo, &o, Bt'causeof the auction
sale referred to above there was a very light demand for staple cotton goods at first hands, but there was a stea'ly call for
email parcels of such makes as have not been submitted to
public competition. There was a better feeling in the market
toward the close of the week, but prices of the most eluplu
Print cloths ruled quiet and a
fabrics remain unchanged.
fraction lower, with sales of 04x64s at SJj plus 1 per cent.
Prints were in moderate request, as were lawns, ginghams
<3rsge of
and woven wash fabrics.
Domestic Woolen Goods.
— There was a less active demand
for men's-wear woolens than noted a few weeks since, but
leading manufacturers are now pretty well supplied with
f.ill fabrics, and there is a more cheerful tone in
branch of the trade. Casaimeres and worsted suitings
were in moderate n'quest, and there was a steady movement
in overcoating-i on account of eirly orders. Satinets have
ruled quiet, and the demand for Kentucky jeans and doeekins was conspicuously light. Flannels wore lightly dealt
in, and blankets have not met with much attention thus far,
though some inquiry for horse blankets has been made by
orders for
this
intending buyers. Cloakings, Jersey cloths and stockinettes,
were only in limited demand, but ngents continued to make
fair deliveries of these goods in execution of former orders.
Worsted and all-wool dress fabrics have ruled quiet and
shawls were dull in first hands.
FOEEIGX Dky Goods were mostly quiet in the hands of
importers and jobbers, the weather having; been unseasonably
cold and therefore unfavorable for the retail tr.tde. The auction rooms have presented no features of noteworthy
interi St, the sales of the week having been small and
unimportant.
Values are practically unchanged, and the
most Btapla fabrics are generally steady, while stocks are in
^aiihcvs.
^CMUStjlxiniiia
&
Narr
&
X. W. Harris
Co.,
INVESTMENT BAIVKERS,
Gerlach,
BANKBK8 AND
BKOK BR
J)
,
OHKHTNIJT 8TRKET.
No. 3^2
PH1LAUKL,I>H1A.
Orders exeouted by
ton uiid HHltimore.
Drafts (iMuod on
8tate« and UuroDe.
joa. M.
pnviitti wire In
New
York. Bo^
8t«t«, Coanty,
jrkXmQ
UiJj and Car
OV^i.>l
UOBSUT M. JANN(T.
aaoBMAKiu.
Trtist
Vhe fundlnK of
M. Shoemaker & Co.
Jos.
UKAKBURN 8TREET,
OHIOAeO, IliL.
,lon,
^Vrlte n.
If
entire lSMue« rt,celTes special attttl
wtph Ui bur or nell.
ym
Commcvcial
BANKBUS ANU STOOK BKOKKKS.
No. 134 SOUTH THiKO NTKBBT.
&
COTTON S AILDUCK
And all
©avtls.
<HOWN
TUB
6c
OOMHAf/r
Fabyan &
Co.,
tc
ONITKD STATES BUNTING
4
MHBB'I'INtilS,
UUCK8. he.
>ow«lM,<tnilt"t^*^>>>t«Ooodii& Hoslen
eKINTH.
Mortgage
LlMlmii.
IIKNIM.H, TICKS.
l>nU*, Hkeeting; rfc, for Sxport Tratle.
amhou^ Husineaa
Texan and Kun,M«.
HinaKoiai
Ketiertii
ttlf Kt.Ht*4 Ml
«iiti
ii
w
New Tora CorreHpoiidenij*;
Blakc Buuk. a ''n..
C. h..
Kl.l^Ktil^JS\
<taiieral Manager,
>i«l,l.4n. P«ij,r
Wall St!W«I
i.-.lilvlf
In,
F.
806 0|,| V K rt'ri<KK*r.
Deal^m
specialty.
4H to
Vrv>«lflAnt.
MiniH.
A'V.
In \V«Mi44ru Mi^rurlUen.
*'MkI liir«f»tTn»»"t
lu per
Co.,
"n-
1
•
<
^./'iiHttMi*.
enn-m
Capital (fKliI
Protiii
I
III)
Kttenii..i>Ki.~i,
*f Ik- <'<>.,
«vO<».<M«i
all n<i'.iii«K»iii
rtei-.i.I
I
lie
••>rii„e.
,t
leaders'
ifTliblla
BuUard
JMiiiea Pliillipii, Jr.
Banlac
BSTAOLiaUBO
1896.
BBAR8 k COLR,
'UpiJi)u« Haiilta,
Hankers, stook
1
STREET,
TOBK.
AND IRON
TIES,
BAl.lNtJ roTTO.V.)
J(
of Jot*
BaaKiBb
Amnts for the fill liiwinc bnuwls Of
:jwleMlll«.""Br.«iklTnrtty,'~U«onrt«,'
.
'NeTlni.l),""i;nloii !itar.""Baleoi/"'Holloon Mllla,'
•
" and " Itarer Mills."
vwy Mills
IMPORTBKS OK IKOW TIBS,
Chronicle Numbers
WAXTEO.
Hnd V-otnl Aooiinnt Books
tVII.LI'tlll
IHANOVKR SQDAKB.)
Wheeler,
(FOR
tiiMkerit
\MtrHiume with complete ootflt*
ftiid SUitUdiery.
Vir~ Si>w oonoems onranlslnir will liaT« their or*
!0r« pforaptlir exeeiiied.
No.
NBW
BACItilNO
.1
STATIONKlt ANB PUINTBR,
&
119 niAIDBN LANS,
4'4».«
imrON, .31 Bfxlliiiil Mrwt.
*>*^ Worth Street, and
wi or vrkuir$&!*
Nl.w
VUKKJ.^5 *
^ 37 Tliouiag Street.
rSr^ccBHMm to
....
II,
CoHKKSrDNDKNT.s.-lmi).
Katlonnr Hunk and .ValM.nul Uank
«".•. ^-
A GRATZ,
LOUIS, Mo.
Manafactnrara' Asents for the sale of Jnta
<'oiitiiieiital .THUs.
'«4»rtce %% bilii«-y,
L,lu<-olu nilla.
(
Gennaii NatujiKil Bank,
JO:VES
ST.
tKl.l.lNIJ
Kugrene R. Cole,
InnoriutnttMl IKTh.
i
BAGGING.
WARREX,
ii«». H. <>llbi>rt nie. Co.,
Freeiuitu mrs. Oo.,
.trllnstuii milii,
PHvtnv fmt
ini<«.
CO.
Colors, always In
Hrown,Wood6cKingman IRON COTTON TIES.
AORNTS KOR
>
[Ccleh.er 6c
Widths and
IMPORTERS OP
FItclihii rt£ \%«»rNt«<l
P.
foil supply, all
No. 109 Daane Street.
HLKA4:HBU NHIRTINGS
ANU
(OF I<<»N»on, MN<JI.ANn),
TraoBaat a
"AWNINO BTBIPBB.
BAOB,
York, Boston, Philadelphia,
^KI.I.lNti ACiKNTB KOK I.KADINO BHAND8
JtiUUllCC^.
Texas Land
kinds of
COTTON CANVAS, FKLTINO DCCK. CAB
COYBKINQ. BAGUINU, KA VKN8 DUCK, BAH.
TWINKS, AC, "ONTAiUO" BKAMIiMg
.New
SMCbtCVU
Co.,
Manafacturen and D«al«n ta
Also, Ajranta
Bliss,
PIIII,AI»l-:i,l>lll«.
Town, Scliool,
BimKht and sold.
City,
Cfl^avds.
Brinckerhoff, Turner
Ho. 176
prtnotpal potrtts tn the Unitet^
all
Cjommercial
SSlcstcvii ganlievs.
90T, B70, 981 and Dceeinb«r, 1884,
Sappleuieul.
A
Ten Cant* for each uf the aboTU paid atlhtOMbb
'
,
TO
Yflt,U^ PTaJtBT.
i
;
^ampmiUB,
^itrnwciaX
AMERICAN
FINANCE COMP'Y,
BROADWAY, NETT YORK.
JOHN C. SHORT
FBANCI8 A. WHITE
JAMES S. NEQLKV
THKO. B. TALBOT
WM.P. WATSON
President
1st Vice-President
8d Vice-President
3d Vice-President
Seo'y and Treas.
Authorized Capital Stock, $1,000,000.
500,000.
Paid In
SOUND INVESTMENT BONDS f umlstied to
SaT-
AND
Bonds and good Municipal and Railroad Bonds.
FINANCIAL AGENCY for railroad companies and
Will also conduct the reorganisation of railroad companies and other corporations
whose bonds are in default or whose propertj is in
the hands of Receivers or Trustees.
RAILROAD LOANS negotiated.
Circulars on application.
oilier corporations.
STJI^ETYSHII».
American Surety Comp'y
Cash Capital, $500,000.
Qeoeral Offloe, IGO Broadway, New York.
BICH'D A. Elmer, Pres't. Lyman W.Briggs, V.P
This company will act as surety on Bonds required
in the 'Courts.
Company organized
the United
It Is the only
States devoted exclusively to Suretyship, and with
all its assets iavested in this country.
It guarantees the honesty of OfiQcers and Employees of Railways, Banlis, Telegraph, Telephone
and Express Companies, and persons employed by
corporations and business houses holding positions
of trust and pecuniary responsibility.
B. D. L. SWEET & SO.NS.West'n Managers, Chicago
HENRY K. KOX, Agent and Attorney, Philadelphia
GODFREY MORSE, Agent and Attorney, Boston.
BASCOM & MUNSON, General Agents, St. Louis.
BROWN.CRAIG * CO., Gen'l Agents, San Francisco.
in
Bonds of Sviretysliip
NO OTHER BUSINESS.
The Guarantee
Co.
OF NORTH AMERICA.
314.000
Deposit with Insurance Department
Vice-President:
President:
HON. JA8. FERRIBR.
8IE ALSX. T. GALT.
Managing Director Edward Rawlinqs.
:
NEW YORK
D. J.
OFFICE
BROADWAir.
NO. Ill
TOMPKINS,
Secretary.
Drexel, A. L
Hopkins, H. Victor Newcomb, John Paton, Danle
Torrance, Edw. F. Wlnslow. Knistus Wlman.
N«w York directors—Joseph W.
FIDELITY & CASUALTY
Nos. 214
4
216
CO.,
BROADWAY, NEW YORK.
Assets, $518 026 11.
Deposited with the Insurance Depai-tm't, $200,000.
omciats of Banks, Railroads and Express Companles. Managers, Secretaries, and Clerks of Public Companies, Institutions and Commercial firms, can obtain
Capital. ?250,000.
BONDS OF SUKETTfSHIP
charges.
this Company at moderate
The bonds or this Company are accepted by courts
of the State of
New
York.
CASrAI-TY DEPARTOTKNT.
Policies issued against accidents causing death or
totally disabling injuries.
Full Information as to details, rates, &c., can be
obtained at head office, or of Company's Agents.
Wm. M. RICHARDS, Prest. John M. Ckane, Seo'y.
ROB'T J. lIij.LAS, Ass't Secretary.
DIRECTORS
:
David Dows,
W. G. Low,
Q«o. T. Hope,
Charles Dennis,
6. G. WllilamB, A. 8. Barnes,
J.8.T.Stranahan, H. A. Hurlbut, Alex. Mitchell,
J. D. Vermllye, 8. B. Chittenden.
A. B. Hull,
Wm. M. Richards.
Geo. 8. Coe.
Ruction ^^U&.
s
—
.
:
STOCKS
and
BONDS
At Auction.
The Undersigned hold
SALES
EEQULAE AUCTION
ON
WEDNESDAYS AND SATURDAYS.
AORIAN
Ho. 12
H.
MVLLER
PINE STREET,
Sc
SON,
NEW YOKK.
(BQUnABLlI BtTILSINO.)
^atife ^tatjemeuts.
OF THE CONDITION OF THE REl'ORT OF THE CONDITION OF THE
REPORT
CONTI.VENTAL NATIONAL. BANK, New
NATIONAL I'AUK HANK, New York City,
of
Way 6,
York, at the close of business on the 6th day
at the close ol business
RESOURCES.
May, 1885:
Loans and discounts
RESOURCES.
Loans and discounts
13,068,488 87
ISS 7»
00
66
Overdrafts
U. S. bonds to secure circulation
Other stocks, bonds and mortgages
Due from other national banks
Due from State banks and bankers
115.000
130,604
142.508
80,658
386,000
200.000
37,994
23,850
21
20
00
00
28
00
11'0,000 00
10.564 47
2,146,6^8 15
25,819 00
30 62
1,887,712 05
278,000 00
Banking house
Other real estate
Current expenses and taxes paid
Premiums paid
House
loan ctfs. of other b'ks
Cleaiing
Checks and other cash items
Exchanges for Clearing House
Bills of other banks
Fractional currency (Includ'g nickels).
Specie
Legal-tender notes
Redemption fund with U.
S.
:
$16,395,091
Overdrafts
1*?
252 28
bends to secure circulation
50,000 00
8. bonds to secure deposits
250.000 00
Other stocks, bonds and mortgages... 1,096,374 07
Due from other National banks
1,248. 19J 55
I'Ue from fctate 3t private b'ks & b'kers
41,877 36
U.
U.
S.
Real estate
l,0ja. 163
Premiums paid
5,625
11,090
I,641,6t6
32.980
1,631
4,962,176
1,956,110
Checks and other cash items
Kxchanges fur t,learlng House
Bills of other banks
Fractional currency, nickels and cents.
Specie
Legal tender notes
Redemption fundwlth U.
8.
74
00
50
90
00
Treasurer
2,250 00
241,000 00
per cent of circulation)
8. Treasurer
(5
37
00
25
5,175 00
Total
t9,4b6,306 40
Total
LIABILITIES.
Capital stock paid in
11.000.000
200,000
92,501
103,5
8,680
Surplusfund
Undivided profits
National bank notes outstanding
Dividends unpaid
Deposits— Individuals... $2,845,901 12
2,582.138 21
National banks
828,064 56
State banks ,& bankers..
00
00
5H
60
OB
425 93-6,256,529 82
Certificates of deposit.
18b5
Due from U.
Treasur-
l,7iW.129 13
30,9a5 80
Acceptances
Cashier's checks
$9,488,306 40
Total
State of New York, County of New York, as:
Taylow, Cashier of the aboveI, FKEiJliRic
named bank, do solemnly swear that the above
statement is true, to the best of my knowledge and
FRKDEKIC TAYLOR, Cashier.
belief.
Subscribed and sworn to before me this 9th day
Edwin F. Corky.
of May, 1885.
Notary Public, New York Co.
Correct— Attest:
CH AKl.KS n. MARSHALL.
WILLIAM TURNBULi/, f Directors.
KD.\1UND D. RANDOLPH, i
$28,968,471 14
LIABILITIES
$3,000,,000 00
1,000,,000 00
259,:,344 37
45,1,000 00
1,1,928 00
Capital stock paid in
fund
Undivided profits
^^urpl^ls
Circulation outstanding
Dividends unpaid
11,491,1802
451,!,9.58
604,' '39
50,,090
Individual deposits subject to check..
Demand certificates of deposit
Certified checks
Cashier's checks outstanding
Deposits of U. S. disbursing officers...
Due
Due
183,i089
to other National ranks
to State Jk private baDks & bankers
49
88
12
51
91
10,168,,686 IS
2,881 ,756 73
$28,988,471 14
Total
I, B. K. Wright, Cashier of the ^at^onai Park
Bank, do solemnly swear that the above ttatement Is
true to the best ot my knowledge and bel'ef.
B. K.
New
WRItJHT,
Cashier.
York, County of New York, ««:
and sworn to before me this llth day
Geo. S. Hickok.
of May, 188,5.
State of
Stibsuribi'd
Notary Public, N. Y. Co.
Correct— Attest
GEO. H. POTTS,
)
OLIVEK HO T,
Direotors.
EUGENE KELLY,
OF THE CONDITHIN OF THE
RE1»<»BT
OF THE CONDITION OF THE
GALL.AT1N NATIONAl, BANK, at New REPORT
NATIONAL BANK OF THE REPUBLIC,
York, In the State ot New York, at the close of busi>
}
)
May
ness
6,
of the City of
Mays, 1885:
1885:
RESOnRCES.
Loans and discounts
17
3.641
690,000
482,700
56,098
13.690
111,500
Overdrafts
00
00
98
61
00
5.0:i0 91
360,000 CO
381 04
1,846,033 98
15,000 00
33 fO
1,476,307 00
555,408 00
V. S. bonds to secure circulation
Other stocks, bonds and mortgages ....
Due from other National banks
Due from State banks ano bankers
Re.al estate, furniture and Hxtures....
Current expenses and taxes paid
Clenrlng H ouso loan ctfs. of other b'ks
Checks and other cash items
Exchanges for Clearing House
Billsof other banks
Fracl'lpapercur'ncy, nickels A pennies
Specie.
..
Legal tendernotes
Redemption fund with U S. Treasurer
31 ,050_00
(5 per cent of circulation)
._
$8,908,348 93
Total
.
LIABILITIE:!.
$1,000,000 00
600,000 00
Oaultal stock nald in
Surplusfund.'.
480,817 88
806 400 00
3,96.i 00
Undivided profits
National ban k notes outstanding
Dividends unpaid
Individual deposits Bul)ject to check..
Demand certificates of deposit
4,140,179
4,728
1,09! .71 8
176,504
509.249
395,484
71
09
37
<8
Cashier's checks outstanding
14
Due to other National banks
9fi
Due to State banks and bankers
$8,90t*,848 93
Total
State of New York, County of New Y'oik. ss :
I, Arthur W. bHERMAN, Cashier of the abovenamed bank, do solemnly swear that the above
state aent is true, to the best of my knowledge and
A. W. SHERMAN. Cashier.
belief.
Subsoilbed and sworn to before me Ibis llth day
H. L. Braynard,
of May, 1885.
Notary Public
Coriect- Attest:
THOMAS DENNY,
)
FREDERIC W. STEVENS,
A. ROOSEVELT,
}
Directors,
New
8. bonds on hand
Ij
Other stocks and bonds
Real estate, banking house
Premiums
Expenses
Premiums
.
.
Legal tender notes
Bills of other banks
Checiis&oth. cash items
Exch's lor Clear'g House
Due from national banks
Due from State
$l,fi3S129
509,448
88,939
16,y)T
996,197
559.714
75
00
00
96
88
85
b'ks and
78,019 09
bankers
Redemption fund with
U. S. Treasurer t5 per
cent of circulation). ..
Total
22,275 00 -3,807,931 5S
$10,119,469 47
LIABILITIES.
Capital stock paid in
*''^'S92 SS
surplus fund
Undivided
S"9'2S2 2S
profits
.S?,','JJ Ss
423,000 00
13,452 00
Dividends linpaid
Deposits-Individuals.... $2,269,810 28
3.967,789 46
National banks
755,768 16
State banks & bankers
134.295 85
Demand ctfs. of deposit
470,574 79-7,588,236 34
Certified checks.
$10,119,466 47
Total
State of New York, County of New Y'ork. ss:
I, B. H. PITLLEN, Cashier of the National Bank of
the Republic of New York, do solemnly swear that
the above statement is true, to the best of my
E. H. PULLEN, Cashier.
knowledge and belief.
Subscribed and sworn to before me this 8th day
W. G. SNOW,
of May, 1885.
Notary Public, Kings Co.
Certificate filed In N. Y. Co.
Correct— Attest
National banknotes outstanding
.
. .
:
RESOURCES.
$12,688,6o8 9o
1 01
200.000 00
lOO.COO 00
Overdrafts
U.S.bondstosecurecirculatlon
U.S. bonds on hand
Otherstocks, bonds and mortgages....
Due from other national banks
Due from State banks and bankers
Real estate, furniture and fixtures.
Current expenses and taxes paid.....
.
2'.4.456
29
73
00
00
25
600,i00 00
87,414 68
23,149 »»
p.iid
Specie
JOHN JAY KNOX, /
GRO. B.CARUART. > Directors.
STONE,
SUMNKR
it.
NEW
.
$4,596,166
2,827
495,000
192.500
Overiirafts
U. S. bonds to secure circulation
1J2,97»
1,258,838
23.990
800,000
51.921
paid
Checks and other cash Items
i8
93
58
00
09
92
li*?**)^
18,102 15
K.xchanges for Clearing House
°'','S'1S5
10,000
Bills of other banks...
Fract'l paper cur'cy, nickels & pennies
.,.„*5I
5,457,908
Specie
>'204.713
Legal tendernotes
lO.OUO
U. S. ctfs. of deposit for legal tenders
Redemption fund with U.S. Treasurer
„„
„
9,000
(5 per cent of circulation)
Due from U. S. Treasurer, other than
3,000
5 per cent redemption fund
:|30,650,»35
Total
LIABILITtSB.
$3,200,000
Capital stock paid in
640.000
614,955
180,000
15,604
Individual deposits subject to check.. 11.085,318
Demand certificates of deposit
^"*'X?i
3,820,293
Deposits for acceptances
Cashier's checks outstanding
,„iA?'V.,n
10,624,162
Due to other national banks
890,581
Due to State banks and bankers
$30,650,833
Total
Surplusfund
Undivided profits
National bank notes outstanding
Dividends unpaid
?7
00
9A
00
00
00
,„
00
00
37
S\
22
.,
5.1
45
37
StateofNew York, Countyof New Y'ork, ss
I, Henry BucKHOUT, Cashier of the above-named
bank, do solemnly swear that the above statement
Is true, to the best of my knowledge and belief.
HENRY BUCKHOUT,
BANK, at New York,
the close of business on the 6th day of May, 1885
KESOUKCES.
Loans and discounts
t:a8hl«r.
Subscribed and sworn to before me, this 8th day
D. G. FANNING,
of May, 1885.
Notary Public.
Correct-Attest
ROBERT
W. STDART.)
_ -_
^Directors.
C. N. BUSS,
O. D, BALDWIN,
$11,621,923 28
1.858 09
Overdrafts
U
.
8. bds.to
secure circulation (par val.)
S per cents
Other stocks, bonds and mortgages.
Due from other national banks
Due from State & private b'ks &
Exchanges for Clearing
Billsof other banks
House
Specie
Legal-tender notes
Dub from U. S. Treasurer, other than
5 per cent redemption fund
Total
52'"% 22
92.440 OS
.
1,240,191 72
b'kers
...
Real estate
Current expenses and taxes paid
Checks and other cash items
263,123 36
''^'S 57
„„'j'!Si ?S
PV'iSS 04,
„?
2.3<6,'227
. ?IS'?SS S2
5,189.1d0
08
1,628,000 00
,
,„
„^
„
148,000 00
123, 817,060 51
LIABILITLES.
Capital Stock paid in
Surplus fund
00
00
33
00
90
64
>
OF THE
EPORT OF THE CONDITION
NATIONAL
AMERICAN EXCHANGE
in the State of New York, at
of
YOKK, at New York, in
York, at tne close of business on M ay 6, 1885:
Loans and discounts
the close of business
liork, at
RESOURCES.
Loans and discounts
OF THE CONDITION OF THE
REPORT
THE
FOUKTH NATIONAl- BANKtheOFState
CITY OF
New
$.3,281,883 69
.
of all classes of
STOCKS AKD BONDS,
:
[Vou XL.
gauTi ,^tatiMttjettts.
Accepted drafts
»8OO,OO0
400,000
Cash Capital
CashAssets
trom
•
er (5 per cent of circulation)
tngs Banks, Insurance Companies, Executors and
Trofltees of Estates, and individuai investors.
UNITED STATES BONDS, State Bonds, Municipal Bonds, Railroad Bonds, bought and sold.
DEFAULTED BONDS of States, Municipalities
•Qd Railroad Companies negotiated or collected.
TIME LOANS made on United States
CALL
Cash
)
.
THE CHRONICLE.
606
96
—
:
v
$5,,000,000
^ ,250,000
107,757
6,801
72,015
Individual deposits subject to check.. 10, 655,026
82,828
Demand certificates of deposit
1.,000,764
Certified cheok»
3..0'eS,256
Due to other national banks
Due to State & private banks & b'nkers 2,,632,611
Undivided profits
•..•;
State bank circulatiOB outstanding
Dividends unpaid... ....................
OO
OO
69
00
60
28
05
54
49
08
$23,817,060 81
Total
Slate of New York, Countyof New York.ss;
the American
I, DUMONT Clarke. Cashier of
Exchange National Bank of New York City, do solemnly sweivr that the above statement Is true, to
the best of my knowledge and belief.
CLARKE. Cashier.
Sworn to and subscribed before me this 9th day
DUMONT
J- J- Benne'TT.
Notary Public, Kings Co.
New York Co.
Correot.-Attest: G^O.^^Ct^j^^^^^
| ui^etor..
GEORGE BLISS, )
ot
May.
may,
1888.
looo.
Certificate filed in
May
nil;
16. 1(>83.|
liuu.NinLK:
<
IWBurxttc c.
trunvtiwct.
The United
OFFICE OF THB
IN
ATLANTIC
The Trustee*, In coufornilty to the Cbarter ot
the Company, submit the foUowlnR Statement
of Its Hllalrg on the 3Ut Deoeniber, 1884:
fiemluius <>a Marine Risks froai
iBt January, i884,to3l8t De$3,9BS,039 44
cember, 1884
Premhimi) on Policies not marked
1,447,756 70
ofl let January, 1884
Premiums
Total Marine
January, 1884, to
ber, 1884
Insurance Co.
THK C'lTV OP NBW VOBK,
$5,405,796 14
u
OUUU AOHN
$2,109,919 20
Betoms
of
$787,789 40
penses
The Company has the following Assets,
United States atd State of NewYork Stock, ( Uy, Baiik and
viz.:
$8,776,6dS 00
other Stocks
Pajm't* to PollcT-hoMara
440,000 00
1,454,959 73
261,514 6.1
Bank
In
Amoont
$12,938,289 38
BIX 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 Third of February next.
THE OUTSTANDING CERTIFICATES
of
the Issue of 1880 will be redeemed and paid to
the holders thereof, or their legal representa.
tlves, OB and after Tuesday, the Third of Febmary next, from which date all Interest thereon
wUl
cease.
The
be produced at
certificates to
the time of payment and canceled.
for I>eHth riaimn, RndowAnnultion, Hurren>
dersmid DIvldunda
M78,e8SSe
1886,14913
NU NB.
Decem-
J.
tlie
Board,
H. CIIAPntAN, Secretary.
EQUITABLE
D. Jones,
Charles Dennis,
Edmund W. Corlies,
Adolphe Lemoyne,
W. H. H. Moore
James Low,
David Lane,
Gordon W. Bumham,
Robt. B. Mintum,
Charles H. Marshall,
William Bryce,
J,
A. A. Raven,
Wm. Sturgis,
Beuji.min H. Field,
Joslah O. Low,
Horace Gray,
WllUam
E. Dodge,
William H. Macy,
e. A. ^and,
John D. Hewlett,
William H. Webb,
Charles P. Eardett,
John EUlott,
James G. De Forest,
Charles D. Levorich,
B. Coddington,
Horace K. Thurber,
William Degroot,
John L. Riker,
N. Denton Smith,
Thomas
|58,161,925
1885
Surplus at 4 per cent
10,483,617
15,003,480
Income in 1884
Paid to Policy holders duting
last 25 years
81,072,486
George
Bliss,
PROMPT PAYMENT OF CLAIMS.
JOHN D. JONES, President,
CHARLES DENNIS, Vice-President
W. H. H. MOORE, 2d
A. A.
RAVEN, 8d
Vice-President.
Vloe-Frerident.
Bgek
Co.,
CoMo«
A Co.. Now OrlMM.
& Gwynn,
16 and 18 Bxebance Plac«,
THE
CO.
YORK.
OF
McCURDY,
President.
Direct Line to
France.
and
arketa.
Correspondence
Alexander
aollciteo.
&
Cargill,
COTTON BROKERS,
AVGIJSTA, GEORGIA.
Entire attention given to pnrciuua of COTTOW
for SPi.N.NEItS and EXI>ORTKB8.
TO ORDER
COHHKRPONDr.VC« SOLICITCO.
RcRRK<cis.— NHtlonal Bank of Aoraato, Oa
Ilents A Co.. CommiMlon Merctianta, Haw
York William B. Dana A Co.. Proprietor! COMMmkCIAL A Financial Chbo.vicia and otiier New Torh
Honitep.
Co.,
COTTON BROKERS,
PBARL 8TREBT, NEW TORK.
COTTOW BROKERS,
BFATER 8TRRBT, VKXT TORK~.
F. Hoffmann,
COTTON BROKER AND AGENT
38 Rrit DR LA BOITRag, HAVR»»
Rodrikfuez
Wed., May27,5A. M.
N()K.\IANrHK. Krunijeul
Wed.. June 8. 9 A. 31.
ST. LAUUKiNT,IJeJ<.ussolln. Wed., Juno 10, 3 P. M.
Pkice of I'assagk (tncludinp tlno):— To HavreFirst cabin, $U)0 and t>*0; .'•ccond cutiin, $«0: steerKeajre, $y*^— including wine, bcddinff and iittinslls.
tum tickets at very reduced rates, r'hecitson Banque
Transatluntlque, lluvreund Pari,stn amounts to salt.
CLISBV
II.
&
CO.,
COTTON BUYEBS,
jnONTGO.TIERT, ALA.
PuBCHAga
132
oyi.Y
Comnww
Jones,
ox Oiu>»b» >oa A
Farrar &
PEARL STREET, NEW TORK.
Liberal advancea made on Cotton oonatinioienta
KtTen to orden for oontraoU to>
future delivery of Cotton.
Bi>eclal attention
FARRAR *
E17BE,
OLINDK.
CO.,
NORFOLK. YA.
Henry M. Taber& Co.,
141
Special Train fr<*m Iffarre to Parln.
The rorapa*inie GnniT
at lis offlce in Now V.
Havre to Paris. Bjikt'
without ejiamlniitlon
&
Geo. Copeland
CO.
HAVRE.
From Pier (new) 42, North Klver, foot of Morton St
Travelers bv this line avoid both transit by t'-niiltAb
railway and the diMCoiuforts of crossing the Channel
In a small boat.
ST. GEHMAIV. Traub
Wed.. Mar 20. 10 A. M.
NEW YORK.
CC^TTT'OIV'.
PEARL
ST.,
Todeltvcrs
Advances mad« on Cnnslimmcnts of Cotton. Co^
Delivery of Cotton boo«»t aa4
on coiamiMlon.
„^^__^_^-^^—
>ieta fntra
:
-li
to
Pans
itassenvrers
npiuir's d(»ck In
...<->i
;>
(iflivoi>
New York. Pier 4^ .v.]
at least two hours bel'i
I
of MorUm St..
nrc of a steamer.
t-acta for h^uture
s id
l
:
'
DB BEBIAN,
No.
Merchants
Liberal advances made on Cotton oonalmaicat*
Special attention frtven to the wUe t>f eoitoB to
arrive or In tranalt for both forelsn and domeetle
JOHN
I.ODI8
Co.,
WALTER &KROHN„
$103,870,178 51
NEW VORK
&
Reid
& CommiflHion
NORFOLK, VA.
LIFEd: ENI)0 WMENT POLICIES
Rates Lower than other Companies.
S8
ORGANIZED APRIL 14, 1842.
-
Prioo.
Cotton Brokers
1S4
ISSUES EVERT DESCBIPTIOy OF
-
rKBort Bi
Vtmr k
;
MUTUAL NEWLIFE
INSURANCE
WKW rOKH.
Pout Brii.niNO.
Tbko. it. Pricc,
Henry
fi
Ae:«nt,
Bowrilna: f>r««n.
Henry
E. Hawley,
William D. Morgan,
Isaac Bell.
m»
COMMISSION MERCHANTS,
THE SOC!ETY ISSUES
INDISPLTABLE ASSDRAKCES
have the same
II.
Price,
1,
GENERAL TRANSATLANTIC
TRCSTEESi
HANflK
K.xi
AXD
BROADWAY, NEW YORK.
January
Between
I.
-_.*
IUir>r<t<
Fielding
Lata of Bure,
declared on the net earned premiums of the
Company, for the year ending 3 1 st December,
1884, for which certificates will be Issued on
•nd after Tuesday, the Fifth of May next.
order of
Co
M«Hra. emlth,
LiTorpuol.
Moan. 8aiDO*l
I>M »l. 'Si. Dea 81, S4.
117,107.109 00 H9.78»,»*4 00
Interest due and unpaid on Total Asseta,
Assets,
nXSnUm
i.
I
atthsXRW VORK COKUCK
Insurance Written. ...IfiDM.ail 00 tl>.lll,4i»00
R. A.
^•!T>lfW 0«-
II
C O F
COTTON PACTOBa
A DIVIDEND OF FORTY PER CENT h
By
LKANHCOTTO.N KXI
1884.
AND MAKES
celvaule
Cash
U88.
raentfl.
2,0C5,IC0 00
otherwise
Eeal EBtute and Claims due the
Company, estlmaU'd at
Premium Mutes and BlUs Re-
.NKW VOUK, I.IVKlif'"'
»t Ihp
CoupAHisoN or BUSINISS.
Assetp,
Loans secured hy Stocks and
€ OTT OW
anpertntendent of Annclei. at Horn* Ofllee.
120
D«UVmi
irUTI.'KN
OAKrNSy,
LIFE ASSURANCE SOCIETY,
Premiums and Ex-
K«w V»rk.
Nl.,
OHI>RI<>* iniH
CiRAI,\ A.ND l>R0VlH10Kt
All the proIlK iMlons to tk* poltor-boldsra •!•
OlUSlTOlj.
All PollolM henoofrirlh luned are Inoonlmtabl*
(ur aoT nam* after tbree r<wra.
I>mth Clalnii imid at oiioe lui norm
nitlaraotorr
proofs iireraoelrBd at thi' IliinieOfBc*.
Abaolttta McuHt)'. cnmblnod with th* lanraat lltxralllT. NsanrM the ixipiilHrtty and Kuoc«**of tbli Co.
All form of Tontine I'lillclea luued.
I'M. (lealrlnK to r*pr***Dt th* Companjr. are Invited to addreu ). 8.
berai. 1 884.
Losses paid during the same
period
SO.-)
Iniorance In force
$4,036,271 C4
Roalb William
8
RXKCt'TR
Oio. a. Bi'aroitn, Actavr.
New
from Ist
31et Decem-
olT
Henry Hcntz 6c Co.,
COMMISNIO.N MERCII A.NTfi,.
IWO.)
Itroadwar, New York.
T. H. BHOSNAN. PrMldant.
0. P. ruAUtioH, geo'r. A. Wain-wRinnT, AMtler,
&
861, 202
NEW TOKK, Jftnnary 24, 1888.
<l^otton.
States Life
(OKOANIZKD IN
Mutual Insurance Co.,
Premlnmn marked
VF
J
ames F. Wenman & Co.,
COTTON BKOKER.S,
No. 113
PBAPV STREET,
PalahllatiMl 'In
Wakbkn Ewim,
Timllna RolMIn*)
J a.
N. T.
IIMtt
Jobs M.
Ewen Brothers,
JOSEPH CI LLOTTS
BROKER*
COTTO:«
STEEL PENS
81 * 33 Broad StrMt,
Solo By ALL DEALERSThrouohoutThe
WORLD
eOLD MEDAL PARIS EXP0SITI0N-IB7a.
Ifoa.
NEW TOBK
,
THE CHRONICLE,
vm
Waiier I. UateK.
Xath'l W. T. Batch.
Stillman,
&
18 Exchange Place
NEW YORK.
MADK ON ACCEPTABLE
IiOANS
INMAN,SWANN&Co
—with interest npon balances.
WANTS
Phenix Insurance Co.
OF BRO<»KL,YN,
von Gundell & Mayhoff,
COTTOSr BROKERS,
Nos.
2*4
STONE STKEET, NEW YORK.
TON Ci;NDELLr~& MAYHOFF
Gwathmey &
statement of
;
Autliiorized Capital, R.
also for Grain
and Pro-
&
-and Liverpool.
& Co.,
Hopkins, Dwight
COTTON
COMMISSION MERCHANTS,
COTTON EXCHANGE,
Co.,
Obdkbs fob Future Contracts Executed in
Liverpool.
Lehman. Durr &
Lehman, Stern & Co.,
New
LEHMAN
Cotton
&
Robert Tannahill
NEW YORK.
Special attention Ktven to tbe purchase
Future Contracts.
&
and
,
iS04 Church
Ne\r York.
ders for the
Provlalons for future delivery. Orders also executed
on the New Yorlt Petroleum Exchange and Stock
Board. Liberal advances made on cunsiKnments.
& Wakefield,
COTTON
And General Commission
Tuttle
$7,395,090 66
MARTIN,
WASHBURN,
Company
Insurance
OF HARTFORD.
&
Co.,
COTTON BROKERS,
New
York..
Futures^ prompth
$9,013,517 40
Assets January
1, 1885
unpaid losses
and re^lnsuranoe fund
Liabilities
for
2,019,026 85
4,000,000 00
Capital
NET SURPLUS
H. W. Hanemann.
Mohr, Hanemann & Co.
pearl
New
ST., 186
York.
New
Orleans, La.
ORDERS for future CONTRACTS.
B.F.BABCOCK&CO.
COMMISSION MERCHANTS,
17 Water Street, LIVEKPOOI.,
Keoeive consignments of Cotton and other Produce
and execute orders at the Exchanges in Liverpool
Represented In New York at the office of
SAM'L D. BABCOCK,
32 Nassau Street, New York.
&
Tainter,
COTTON MERCHANTS,
9T PKARl.
(2,964, 490 55
ALEXANDER,
North
&
New
St.,
York.
Aeent.
British
Mercantile
Co.
Ins.
OF
LONDON AND EDINRVRGn.
U. S. Brancli Statement Jan.
Invested and Cash Fire Assets
1,
1SS5.
$3,301,747 61
LIABILITIES:
Reserve for Unearned Premiums
Reserve for Unpaid Losses
Other Liabilities
Ket
!!«urplaii
$1,153,063 35
178,379 97
44,748 49
.1. 984,555
87
$3,301,747 61
S. In 18 years ..915,210.332 00
Branch Office, 54 William St., N. Y.
CHAS. E. WHITE, SAM. P. BLAGDEN,
Losses paid In U.
U.
8.
Managers.
JAS. F.
DUDLEY,
Supt. of Agencies.
STRKET.
FELLOWES, JOHNSON & J ILESTON,
COTTON, STOCKS, BONDS, ice,
25 WILLIAM STREET, NEW YORK.
Orders in " Futures" executed
at N. Y.
G ommercial
Cotton Exch.
DIAMOND HAMS.
S.
JAS. A.
GRAVIERST.,
Spbcial Attention Givbk to thb Execution
New York.
Liberal advances miide on cotton consignments.
Special attention uiven to orde.sfor contracts for
future delivery of cotton.
President.
Secretary.
:
Ik,
& Co.
Wm. Mohr.
Mercliants,
13S Pearl Street,
1885
gass
Waldron
VA.
attention jjiven to the execution of or|W Specialpurcliase
and Hale of Cotton, Grain, and
Orders for Spot Cotton and
J.
1,
,«TNA
Street,
Orders executed at the Cotton Exchanges in New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our correspondents in Liverpool
Meissrs. L. Rosenheim &
Sons and A Stern
Co.; in London, Messrs. B. New-
sale 01
Co.,
N£W YORK,
ANB NORFOLK,
e .-ecuted
H.
J.
Factors
EXCHANGE PLACE,
(SB
USMBEKS OF TBE OOTTOX, COFFEE AND
FBODUVE EXOHANOES.
COTTON EXCHANGE,
Dennis Perkins
CHAS.
coininissioN jtierciiants.
OF
Cotton Excliange,
Cash Assets, Jan.
AND
Co.,
Cotton Commission Mercliants,
Rountree
U
Co.,
BRO'S,
Up-town office. No.
00
Reserve for Unearned Premiums
2,847,565 00
Reserve for Unpaid Losses and Claims.
4 5.798 04
Netsurplus
1,141,728
Montgomery, Ala.
Orleans, La.
OF NEW^ YORK.
OFFICE 119 BROADWAY.
CASH CAPITAL
$3,000,000
NEW YORK.
123
Cotton Exchange,
Company
Insurance
No. 3 Cortlandt
NEW YORK.
New York and
HOME
WARE & SCHROEDBR.
COTTON COMMISSION MERCHANTS.
No. 40
Hopkins. Lucius Hopkins Smith.
Charles D. Miller.
R.
Successors to
Co.,
Cotton Commission Mercliauts,
No. 19 S017XII TTILI^IAIH STREET,
Neur York.
8BLMA, ALA.; MONTGO.MERY, ALA.
Buyers of Cotton for a Commissionorders for Future Contracts executed in New York
C.
&
Schroeder
CROlYELIi, PrealdeBt.
CROWELL, Vice-President.
PHILANDER SHAW, Secretary.
WM. CHARTKK8, Assistant Secretary.
FRANCIS P. BURKE. Sec'y Local Dep't.
WM.
Pald-Up Capital, R. M. 6,000,000.
G.
$4,342,430 3S
STEPHEN
H. 20,000,000.
Cotton Excliange Building,
John C. Graham
2,390,965 97
287,837 87
640,991 18
AGENT FOR
TltlonB In
-GusTATUS
Reserve for unearned premiums
Reserve for unpaid losses
Netsurplus
Bloss,
Orders for future delivery of Cotton executed In
New York and Liverpool
New York.
ORLEANS,
COTTOS COMPANY OF STUTTGART.
NEW YORK.
ST.,
NEW
JiEW YORK,
COMMISSION MERCHANTS,
PEARL
195 Broadway, New York City.
Company 1»( Day of Jan., 188.5.
CASH CAPITAL
$1,000,000 00
Office,
G. E. Staenglen,
COTTON BUYERS,
MEinPHIS, TENN.
No. 123
Special attention paid to INVESTMENTS and
accounts of COUNTRy BANKERS.
York.
TieMT
Charles Mathoff.
ton Gundkll.
14
branch offices X$i Fu""i'tli"l''^' ?! *Personal attention given at the BXCBA.NGKS to
the purchase and sale of 8TOCKS and BONDS for
cash or on margin.
DEPOSITS RBCBITED— subject to check at ilcht
COTTON MERCHANTS,
Oa$h Advances Made on Oonsigjiments.
OOTTON, ALL GRADES, SniTABLB TO
OF SPINNERS,
Offered on Tbrhs to Suit.
Sons,
BANKERS,
NASSAU STREET, NEW YORK.
!
SBCDRITIE8.
BPXOIAL Attention to Orders for Contractb
JOB Future Delitkrt of Cotton.
A. C.
Henry P. Hatch,
Arthur M. Haleli.
W. T. Hatch &
MERCHANTS,
P08t Buildiu^, 16
16, 1885.
plisccUaucotts.
(Cotton.
(Cotton.
Woodward &
[May
DAVIS,
JR., €I]VCI]%]V1TI.
FOKTY-FOURni YEAR.
The Centennial rommission in 187B reported an
awiird to these Hums. " Urst, tiie excellent ttavor
of the meat." "St;cond, Its gojrl keeping quality,
demonstralLHl by the perfect fresbness of hams
cured in 18 .y." bold by t*rovi;ionL>ealera and Leading Groctirij.
LJnion Jns.XyO.
(OF LONDON.)
ALFRED
PELL,
Resident Lanagtr.
Cor. Pine df WiUiam Sts
@FedFRASER