The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
,
mm
H
N X'S M E R C H A N T S' MAGAZINE,
1^
REPRESENTING THE IMDUSTRIAL AND COHMBRCIAL INTERESTS OF THE UNITED STATES.
VOL.
NEW
38.
YORK,
MAY
Hitmtucial.
|^in»tKciaI.
Ifitiaticiftl.
AMERICAN
IToMer
NaMl
BROADWAY, VHW TORK.
nnala«aa Fonnded 1795.
b«oif«nttd naltr La*i of State of 2Trr Toti, 18S8.
KcorcMiUcd
&
Alfred H. Smith
11*19.
Co.,
IMPORTERS,
En<:ravkr» and Vr.iNTEnfl or
BONOS, POSTAGE & REVENUE STAMPS,
LKOAL TENDER AND NATIONAL BANK
NOTES, Of the UNITED STATES and for
RANK
NOTKS,
SHARK OEKTIKICATES,
Members N. Y. and Philadelphia Stock Bxcfaanses.
BONUS lOU CiOVKUNMKNTS AND
CORPORATIONS, DRAFTS, CHECKS,
EXCHANC4K, STAMPS,
BII.I.S OF
In tlip niiwBt
nml most artlatlc styl«
STKKI. PLATES.
ntk
ipeeUl lafefs^i
^
aoluiiTely
for
uae of tin
SoapasT.
SAFETY PAPERS.
SAFETY COLORS.
Kxecutert In 1
LITHOGMPNIC kND
f» >r,»
eproof Buildings.
?t PRINTIHB.
\
Show
Oiird>,
Labrlm
C«lciidiir».
BOOKS OP EVERY DESCKIPTIOII.
ALBERT C. GOODALL, President
VICR-rRKSIDKNTS
A. D. SHEPARD,
J. MACDONODGH,
TOORO ROBERTSON.
M.
SMILUE,
W.
STAYNER, Treas.
„ .^ ,
6. H.
TH EO.
A8A.
POTTER, Prest.
P.
FREEUND, Seet. y.
W. W^RK. Cwtoler.
H.
J.
Maverick National Bank,
« ecoantfl
r\f
.
.
-
-
9400,000
400,000
.
Banks and Bankers solicited.
made upon favorable terms.
Qoreroment Bonds boivht and
Collect Inna
&
R. A. Lancaster
KANKER3
AJJI)
Kimbarr&
John
Railroad
&
m
Asiel
BANKBBS AND
N-o.
Chew,
TO
New
York.
BBOK
IB
RS
and Sold on Commission.
BMTKBLT CHBW.
I). 8n«OV8,
V. Stock Bxcbanxe.
V. Produce EzohanKe.
JAS.
N. T.St'ck Bz.
ti.
B.Statner.
Special.
&
Dayton,
B9
DRBXEIj BCILDINO,
& WESTON,
EXCHANGK OOVBT,
TIKKER
RANKEKS AND BROKERS,
\o.
7
COU, J. TTBNER. JAS-TIIBXER.
Memb. N.T. Btoek Exeh.
C.
Member H. T. Btoek Kmh.
UeBRSKl.ABB WSSTUN.
I.
»TOCK BROKER.
Lansdale Boardman,
80
B NBW
80 BHOADWAY.
SEW VOKK,
Opposite 9tock Kxohaiue.
i.
KOV,
H
A
IB
a, B.
sol d In
F.
TAINTOR.
Branch
8T.
BANKRR8
PrlTate Wire to Troj.
wid on balances
&
Bishop,
ANT> BROKERS,
PINK STHEET, NE'W YOBK.
No. 86
(Members New York 8tock Exchange.)
Aecounts of Banks, Bankers and others reeelved.
Interest allowed on Balances. A strictlj Commission
Business in the purchase and sale of stocks and bonds.
&
Oilman, Son
Co.,
BANKERS.
No. 62
O^DAB STBEET.
Banking Business, buy
OoveraiBenC Bonds sad lavestment Secuil.
In addition to a General
tnd
Sail
B. LIHSLET.
Special.
&
Co.,
New Tot* and Cb
Mead &
l
eago ni arketa
Co.,
Stewart Brown's Sons,
STOCK BROKERS,
PINE STBEET,
38
Offloa with Private Wire at 83
Third Street.
West Twentr.
But and sell on commission for Investment or or
marKln,all securities dealt in at the New York Stock
1-
Member
F. MEAD.
T.
N, Y. Stock Bxok.
n. Cranf.
NEW YOBK.
wT^Stafford^
New York S^ck
BROKER,
BAIVKERANDNew
York.
Kxobanire.
Meml>cr
mils BnlldInK,
All securities dealt In at the New Tork Stock Kxchanige bought and sold on oommlaston for cash or
npon marigln.
Edwin Corning,
38
WALL STREET,
STOCK AXD BOND BROKER.
Membar New Tork Stook Bsehaocs.
ACaCETUS NATVAK.
Joax FOVDIB.
BROADWAI, NEW VOBK.
Sf R^lEiB.
OHO. H. HOI/C
O. D. LOIUTLIBB.
bTOCK BROKERS.
HALL BUILDINO.
Saeurttlei carried on marstn Interest
Turner
N
BANKKRS AND BK0KBR8,
16 Ic 18 Broad Street, New York.
STOCKS, BONDS. SRAIN AND PROVISIONS
bnosht and
New York.
)T<N-BT C. TnrK«B,
K. v.,
J.
Bonds.
Private telegraph wires to PrOTldenoeaadBostoB.
,
AND BO.ND3 BOUGHT AND BOLD
B>cbanKeCoart&52 Broadwa]r,N.T. STOCKS STRICTLY
ON COMMISBION.
Bonds and U. 8. Goyemment Secnritles
('ouftlit
RAILROAD
Use.
Co.
New York.
Member N.
Member N.
allowed on
KXCflANUE PLACB.
Si
Wu.M. KAKUMemb.
A.H.Dayton.
A. U. MURE.
BS
INTBKBeT
OOTBRNMBNT, MUNICIPAL and
In ttmouiits to suit.
Special attention given to Secnritles for Investment
BANKBRS AND BBOKEBS,
Clocks,
1
&
received and
sell
London
FUANKBNHBIMEB. M. SRMaMAX.
Members N. T. Stock KxehanRO.
L. 9.
STOCK BBOKERS,
2
Street,
Y%'a1l
Earl
Southern Securities a Specialty.
&
No. 59
VORIT,
Bar and
Private Telegraph Wire to Albany, Troy, BytacnseL
Rochester. Utica and BuflUo. Draw on City Bank o<
Son,
Deposits recetred subject to check at stfiht and
Interest allowed on dally tialances.
(Jovernment Bonds. Stocks and all Investment 8ecorttles boufrfat and sold on oommlaslon.
,
Mlscellanvons Secnritles.
Simons
&
BANKERS,
Co.,
BE0KEK8,
DEPOSITS
Dalanoes.
Hamilton
New Tork
ALrBEIl B. LOCNSBERY.
Cisco
J.
Holt,
STREET, NEW YORK.
TRANSACT a QBNERAX. BANKING business.
New Tork.
sold.
VS1TKB BANK BUILDING,
DSALBRa
Co.,'
Seventeen Years' Membership In the
Stock KxchanKO.
ItOBERT J. Rl.MBAl.1.
&
WALL
Ma. 10
J.
BANKERS AND BROKSRS,
K. Affl»..
BKOAUWAVAND WALL 8TBEKT. NKW
Sta.,
Investment Securities.
New Vurk, Ualtlmore and other places.
BOSTOIV.
«!APITAL, - .
8UBPL,t S, --
npon balances.
BANKERS,
and Cheatnnt
No. 18 Wall Street,
:
Sons,
SpeoUl attention paid to I.VVBSTMKNT8 and
a-nnnntanf CODNTBY BANKRR.*.
Taintor
PHILADELPHIA.
K.
Ho
BaANCH OrrtcES j .Jgg ^^l^l^^^.'^^^^^^.-^
Co.,
Deposits received subject to check at sUtht, and
Interest allowed on dailT balances.
Stocks. Bonds, Ac., bought and sold on oommlaslon In
Philadelphia and other cities
Partlenlar attention Riven to information 'reganllng
Private wire to
KAIT,WAY IICKKTB OK IMPROVED RTYIE8.
BLAJTK.
Cor. Third
COUITTESTSITIKO.
proTest
Spicial pajciJ Baaufacturel
W.
Jf .
BANKERS.
14 NASSAU STREET, NEW TORE.
BANKRRS,
S.
FROM
&
H. Taylor
L.
&0.,
&
T. Hatch
^witta interest
|
.^Nl) PlilNTIN'O,
ArMwr
W. I. Httlek.
Personal attention given at the BZCU ANOBS to
the purchase and sale of STOCKS and BONDS for
cash or on marcrln.
DBP081T8 RBCHITBD-snbJect to check at slckt
182 Broadway, Cor. John Street.
ForelB" Oovernments.
ENlJH.WlNU
Mmtm t.
BaUk.
T.
W.
DIAMONDS.
Bank Note Company^
142
NO. 98a
17, 1884.
Pondir
stocks,
20
Bonds A
&
Co.,
IiiTestnient Securities
EXCHANGE PLACE,
N. Y.,
Orders exsooted on tlie lx>ndoo and iirntss"
market.
;
:
,
:
THE CHRONICLE.
11
f^av&iQU %xchmiQt.
'gav&iQn '^xchnriQC.
Morgan
Drexel,
&
&
No34 South Third
Nos. 19
Street, 31
Boulevard HaUBSmann.
PBILADELPHIA
Issue Travelers' Credits, available In
world, through the
Also Commercial Credits and Transfers of Money
on California, ^lurop&and Havana.
No. 69
Brothers
Btrr
AND
Co.,
N. T.,
8KLI,
OF EXCHA9IGE
BIL,L.S
ON GREAT BRITAIN AND IRKLAND, FRANCE
GERMANY, BELGIUM. SWITZERLAND, NORWAY, DENMARK, SWEDEN AND UOLLAND.
Issue Commercial & Travelers' Credits
AVAILABLE
And in
IN
JESUP, PATOiV &
Now
IN STEliLINO.
ANY PART OF THE WORLD.
abroad on all points in the United States and
Canada, and of Drafts drawn in the
United States on ForeiKn Countries.
&
Stuart
&
Co.,
J.
NASSAU STREET.
BILLS OF EXCHANGE ON
33
SMITH, PAYNE & SMITH'S,
BANKERS, LONDON;
MANCHESTER & COCNTV BANK,
"LIMITBD;"
MANCHESTER, PAYABLE IN LONDON
;
ULSTER BANKING COMPANY,
BELFAST, IRELAND!
AND ON THK
NATIONAL BANK OF SCOTLAND,
BANKERS,
CO.,
York.
Accounts and Agency of Banks, Corporations,
and individuals received upon favorable terms.
Dividends and interest collected and remitted.
Act aa agents for corporations in payiu,; coupons
and dividends also as transfer agents.
Bonds, stocks and securities boujrht and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought
and sold.
Neiir Iforb.
Issue Letters of Credit for Travelers,
On 8ELIGMAN BROTHERS, London,
SELIGMA.N FHEKf:S & CI E.. Paris,
SEL10MAN& STETTIIEIMER, Franltftlrt.
ALSBERG GOLDBER(;, Amsterdam,
ALTMAN & STETTIIEIMER, Berlin!
Payable in any part of Europe, Asia, Africa, Ausand America.
Draw BUlB of Exchange and make TelegiapMo
Transfers of Money on Rnrooe and California.
tralia
W.
J.
DRAW ON
THE UNION BANK OF LONDON:
BRITISH LINEN CO. BANK, LONDON AND
SCOTLAND.
J.
Alexander Bartno,
KENTfBi>T Tod.
O.
II.
J.
Member N.
NORTHCOTE,
&
Kennedy Tod
No. 63
Y. Stock Excb.
Co.,
WILLIAM STREET,
J.
William Heath
&
Companies.
Issne commercial credits, also foreism and domestic
travelers' letters of credit in pounds sterling & dollars.
Offer Investment Securities.
Buy and sell bonds, stocks and securities in all Am-
and Dutch markets on commission. C/Olleot dividends, coupons and foreign and
erican, Canadian, British
Braw Bills of Exehanfte and transact a Reneral
financial commission bn.siness. Particular attention
Blven to American Securities.
William Heath
No. 19
Kne
&
Co.,
Scribe, Pails.
Orders solicited for London and American markets
for investment or on murgin. Railway, State and
City Loans negotiated.
&
John Munroe
Sell Bills
MELVILLE, EVANS &
nwiioiH
•} LONDON.
C. J. IIAMBRO * SON,
II. OVENS iV .SON, AM.STERHAM.
UOTTINtJUEK & CO,, I'AllIS.
&
Kidder, Peabody
BOSTON,
CHEQUES AND CABLE TRANSFERS ON
MUNROE &
CO.,
PARIS.
STERLING CHEQUES AND BILLS AT SIXTY
DATS' SIGHT ON
ALEXANBERS &
CO.,
LONDON.
CmcxTLAR Notes and Ckemts for Travelers.
Schul z
89
&
Ruckgaber,
BANKERS
^VILLIAM STREET, NEW YORK
COllRE.SPONnENTS OF THE
luteriiatlonal Bank of London
(Lliuitcd) London.
Messrs. John Krreiiberg, Gosslor & Co.
Iluniltur!!;.
Messrs, Marcnard, Krauss & Co., Paris
^.„
Comniorolal and Travelers' Credits.
axehange,
Cable Transfers.
Bills of
Co.,
stocks and Bonds bought and sold on Commission.
Orders received in JMlning Stocks, and in Unlisted
Securities. Collections made and Loans Negotiated.
Dividends and Interest Collected.
Deposits received subject to Draft.
Interest Allowed. Investment Securities a Specialty
We issue a Financial Report Weekly.
Office, 320 Broadway.
Connected by Private Wire.
.Tos. C. WALCOTT,
( Members of
the N. T.Stock
F rank F. Dickinson, j and Mining Exchanges.
Geo. K.
16
&
Sons,
Sistare's
18 Broad Street,
New York.
FIRST-CEASS INVESTMENTS.
Buy and
Sell
on Commissi.': n, for caah or on marthe New York Stock
gin, all Becorities deult in at
Co.,
MAS.S.
CABLE TRANSFERS, BILLS OF EXCHANGE
Exchange.
Interest allowed on daily baJancea.
All deposits subject to check at sight.
Particular attention to orders by raall or teletrrapta
Wood,
31
CliEDITS.
Huestis
PINE
ST.,
&
Co.,
NEW YORK,
BANKERS AND BROKERS,
SCCCE8.SOKS TO
AND
COMMEKCIAL AND TltAVELERS'
&
BANKERS AND BROKERS,
No. 24 Pine Street, New Torll.
Transact a GeueraUBanking Bnsiness'
DEALERS IN
of Exchange on
CO., » ,
&
^VOOI>
DATIS.
Execute orders in ull securities listed at the Neir
York Stock Exchange. For Sale,
FIU8T-CLA88 RAILKOAD FIR.ST MORTOAOE BOKDS*
CORRESPONDE .VTS :
GEORGE C.WOOD. C 11. UUBSTIS. L. M. SWAN
BAUI!VG BROTHERS & CO., London
UiiL&M Dewing. Ci.ahk Dewi.vg. F. T. Bontecou.
PEKII:K FttERE.S & CO., Paris.
(Member of New York Stock Exchange.)
ME\DELSSOUX
ic
CO., Berlin.
KOUNTZE BROTIIERS,
BANKERS,
120 Broadway, Equitable Building, New York.
LETTERS OF CREDIT AND
CIRCULAR NOTES
Issued for the use of travelers in .ill parts of the
world. Bills drawn on the Union Bank of London.
TeleKraphic transfers made to London and to various
places in the United States. Deposits received subject to check at sixht, and interest allowed on bair
ances. Government and other bonds and Investment
securities bought and sold on commission.
Chas. Unger & Co.,
AND BROKERS,
Co., BANKERS
Members
the New York Stock Exchange,
No. 3a Nassau Street, New York,
No. 4 Post OlBce Square, Boston.
YORK.
Letters of
Credit oit Slezlco.
Inland Drafts.
Co.,
10 Tbroffmorton Are., lioudon, fins*
Co.,
ST.,
Ezclianse and
C. Walcott
:
No. 80 Broadnray, Jiew ITorlc.
Members of New York Stock Exchange.
FOREIGN EXCHANGE. CABLE TRANSFERS.
BEAVER
BrancU
BANKERS.
Act as Agents for Banks, Bankers and Railroad
ALSO,
CABLE TRANSFERS AND LETTERS OF CREDIT Cor. Wall and Nassau Sts., New York.
FOREIOIV BANKERS,
NEW YORK
LONDON
PARIS
William Heath & Co.,
BANKERS AND BROKERS,
29
NEW
Bills of
&
Wilson
&
27
;
KDINBUBGH, AND BRANCHES
cS:^' e"qotnSV.TBOS E. DATI8. W. G. H. HEATH.
BROAD STREET,
No. 23
firms
Francs, in Martinique and Guadaloupe.
niAKE TELEGRAPHIC TRANSFERS
OF lUONElT
BETWEEN THIS AND OTHER COUNTRIES.
niAKE COLLECTIONS OF DRAFTS drawn
J.
Co.
SUCCESSORS TO
62 William Street,
&
TVALL STREET,
&
John Paton
Attorneys and aoknts of
Messrs. J. S. MORGAN & CO.,
Ho. 22 OLD BROAD 8TBEET, LONDON.
Brown
parts of the
all
and their Correspondents.
Securities
Deposits received subject to Draft.
toouKnt and sold on commission. Interest allowed on
Deposits. Foreign Kxchange. Commercial Credits.
Circular Letters for Travelers,
Cable Transfers.
available in all parts of the world.
& W.Seligman&Co.,
Street,
MESSRS. DE ROTHSCHILD,
PARIS.
AND FOREIOX BANKERS.
BOilESTIO
and 21 Nassau
^0Vjeirjii %3icU'iiuQz,
Co., J.
BANKERS,
Drexel,Harje8 & Co
Co.,
&
Co., August Belmont
TV ALL STREET,
COENEB OF BROAD, NEW YORK.
Drexel
[Vol. XXXVIII.
of
Dealers ts Foreign Exchaxge, Governsient
, . „. a''" other investment bond.s.
TVall St. and 62 Ureeuo St., N. Ji,
64
Buy and
margin,
all
Exchange.
J.
H.
sell on commission for investment or on
securities dealt in at the New York Stock
(JOADBY &
B. E.
JOINT AGENTS
WALKER,
H. Dewing & Son,
BANKERS AND RROKERS,
New
No. 1 8 Wall Street,
York.
Stocks and Bonds Bought and Sold on CommissionAccounts received and Interest allowed on bal*
lance s, which may be checked for at sight.
M. U. TAYLOR,
W. V. CAUOLIN,
Member N. Y. Stock Exch.
Taylor, Carolin
BUY AND SELL STKRLIXGBXCHANGE.CABLE
TRANSFERS, ETC.
ISSUE COMMERCIAL CREDIT.^, A VAILABLE
IN ALL PARTS ('K THE WORLD.
(BSTABLISUED
BANKERS
A]^»
&
Co.,
upon margin.
Randall
&
Wierum,
50 EXCHANGE PLACE,
Brokers in Railroad Stocks and Bonds,
OOVERNMENTS Jc FOREION EXCBANOE,
OTTO
Member N. Y. Stock Ezcbanffe.
T. 8. Young, Jr.,
Sidnbt
Member N. Y. Stock Exchange.
BATES &
WIIRUM
B.
Mobsb.
BEOAD STREET, NEW YORK.
Transact a general Banking and Brokerage Bnsl.
ness in Stocks, Bonds and Miscellaneous Securities
BROKERS, Howard Lapsley
Checks and Cable Transfers on JaMKS T.
CO., Geneva, Switzerland,
C.
Young & Morse,
BANKERS AND BBOKERS,
1888.)
Mills BnlldInK, New Vorlt.
Members of tlie New York Stock Exchange.
Ccx,
Deposits received subject to check at sight and
interest allowed on daily balances.
Ail securities dealt tn at the New York Stock Exchange bought and sold on commission for cash or
No. 29
James T. Bates
F COI
Baukers & Commission Stock Brokers.
68 BROADWAY, NEW YORK.
Chas. K. Randall,
Canadian Bank of Commerce,
16 EXCHANGE PLACE.
&
C.
&
BANKERS AND BROKERS,
NO. 34
Co.,
BROAD STREET,
Neiv.'j
¥ork.
1
May
THE
J884.]
17,
ganliers and "gvoJisxA.
KSTAUI.ISIIKU
WiiiTKi.r,
UAUIIV <•. l.dOAV.
&
John H. Davis
Co.,
BANKEKS AND BROKEUS,
IVALL ST., NEW YOBK.
No. 17
Memberaof Now York A Philadelphia Stock Kzoh*KM
rrtvu(>^
kotaol'
'
'"
*
-Minn with the mmr'I'U.
i
MiKht
KhIIv>
COM.M
sold.
OM
Investment or o»r.
imrclio-icJ iOc
inU-i
'
iltDKIlS. either by
rt-tfivc
and
irket.
1
i->ii''
CABU
or
mall,'
Htteiitlon.
litl
%vashuurn a
cal.d\vi:l,l.,
Jankers aud
Jamm
IdOS.
llK.vitr
Wm.
m
CHTlONrrLE.
gvohcva.
JJnnlierfc
THE
t':YHB,
,M
Dimoa. u
TUAVkiM. Ml.'.
c.
Mur.
II.
H.
^ovcfgn
HKi.ar.
II
>
..11
1
,111
Prince & Whitely,
Railway Share Trust Co.
BROADWAY, NEW YORK.
a.iMiTaD).
No. 04
OvyufH
BiLAN-rn
Buy and
*
"*'
•""h
Now
At«..
mm
on
HPlI
York.
iijiosaf Railroad
aioBOB STARK.
jomi
&
George Stark
r.
BANK BUILDINOS,
No. 4
Secnrttlo!«;HiHo firntn :•'
I'rlvutn Tolcwnil'h win t 1
u^lphla. Wllmlnston. Ilalilmore, Wunhlngtuu, UrtUguvort, New UaTm,
Boston and iMtlnburtf.
LONDON, ENOLAND.
stab
Capital Paid Up, £971,360 sfarllac
Co.,
RANKERS,
No. 83 Na(aaa Street New York,
TRANSACT A GENERAL BANKING BUSINESS
AND BUY AND SELL INVESTMENT
BANKEKS AND BK0KBK9,
No.
WA
3
STHBET.
li I.
TransAOt a genentl Banking Business, hiclndlnji
Purchase and Sale ot
New York Stock
tta*
Securities dealt In at the
all
KxchiinKe.
Have
SECURITIES.
on hand and for nale Western City
and KtirmMurtj.cu4{ea.bearlnfry to S porcont liilerest
const-iintly
WESTERN inUNIClPAL BONDS
BOUOOr AND
Interest allowed on deposits subject to sight draft.
CALDWn.1.
LANSINQ C. WABBBtTKN.
Cbah. J. TuwNgEOT>. Member N Y. 8t<ic k ICrchaniie
lomt J. C. UUUUSBI.
B. C. IltTMBKRT,
Member N. Y. Stock Exoh.
C. B.
&
Humbert
Son,
Fred. H. Smith,
No. 20 BROAD ST., NEWr YORK.
STOCKS, BONUS AND PETROLEUM
Bib
PB.<«DBR.
Es<i..
H.
S.
L
p.
Hbnbt Dbithiiohd WoLrr,
Foote,
a B.. M. P
O. 0. M. O.. K.
Bra Cbabuu
We make U. S.
Bonds and Investment Securities a
and BO.ND8
FRANCIS PAVY,
upeclalty. e.xecute onlera In STOCKS
for cash or cjirry the »ume on margin.
Lawbxxcb Yovbo.
KM]..
Bart.
Muuftnc DtrMtof.
'
We transact
BA.NKINU business and ALLOW INTER-
private wire. Norwich. Conn.,
STREET,
NEW YORK
JOBM
No. 12 IVall Street, N. Y.
agenenil
M. P„ cauUrau.
Kw|-,
GK.VKRAL HEICBT U.iPKIK«0», C.
Maloolh a. Laibo, Kaq.
JOBJr UoBATio Luirn. Rsq.
BANKERS,
EST on UKroslTS. llnmob
BANKERS AND BROKERS,
No. 29 WALL
Dbixil BtnuJiN'O.
&
Hatch
.
E. C.
SOLD.
rironlara wllh (all parMonlars mailed on apslioatlon
DIRBCTOHS:
LAINO,
B.
OfUces. connected by
and Boston. Mass.
&
R. T. Wilson
This Company undertakes the boslnese of
to Loans of approved
Co.,
BANKERS AND COMMISSION MERCHANTS
a Bxcbanee Conrt, flew Vork.
Issues Loans on the
London Market, acta aa Ageat for
Um ma^
Railways and other Corporations, either lo
ter of payments of Interest
or Registration
of.
TffMtga
RiUlways. negottatM and
on Loans. Dividends oo*
Stocks In London, or otherwlao.
Bought. Suld, and Carried on Margins.
Intimate knowtcdKc of all railroads for past twenty
years. Parties desiring to buyer sell unquoted securities will do well to communicate.
Cable Address—Pa YY, Lobdob.
CAJ Co.
BANKERS,
18 WALL STREET,
F.H. Smith, i Members N. Y. Mining & National
8*
W. Smith, i
Petroleum Kxcbangej
Walston H. BnowN.
fhed. a, Bbown.
H£HHi:v«T P.
Brows.
No.
Walston H Brown & Bros
BACKERS,
.
NO. 20 NASSAV STREET,
NEW YORK.
F.
J.
Imrentment Securities.
BOX 2,647.
Sell
IN
WATUlin) THASE.
W. C. HILL.
A. M. KiDDKK.
'
INVEST9IE1VT SECURITIES.
All classes of City,
Town and Railway Bonds
H.
J.
Co.,
W^ALL STREET, NETT YORK.
DEALERS
IN
ALL KINDS OF
Railroad aud InTestment Securities.
LONDON, ENGLAND
MORSB.
Direeiors at tht Railaay
Company
25 f me
-
§t.
t^euu^'ORIO
or
all
jC 1,9 5 6,4
WM.
BDTTKICK.
Buttrick
&
De Twentsche
Bankvereeniging,
B. W, BLIJDENSTEIN k CO.,
- •
HOLLARS.
AnSTERDAin, •
iBoodff^
18 Wall Street,
New Vork.
•
—Railroad bond» a specialty.—
—Investors are invited ut correspond.—
—Information olieorfullv given.—
—Fourteen years' meml>erHhlp in Stock Exchange.—
—Order>< bv lunil ftolUiitfld jind nrnnintlTHtt^nded tr».
Members New York and Chtcagu Stock Kxchangea
also
New Vork Mining btock
^
Kt.i.tmak.
Elliman,
Exchange.
Rolston & Bass,
BANKERS.
3N Broadway,
cor.
So-
Exchange Place, N.
ESTABU8BED ItWI.
- OnUden (ta»W.Oaa.-)
BROAD
ST»9i:R'r,
W. H. Goadby &
Co.,
BANKERS AND BROKERS,
No.
8
WALL STREET,
^ew
Vork.
DorOIMSS ORKRN.
A.B. Batewan.
Memb.N.Y StxKk Exch.
P. O.
D. A. BOODT,
35
WALL
STREET.
NEW
YORK.
Head
Box
O.
447.
W. MCCLELLAX, JB.
RECBEN LELANI).
(089.^45 9S>
OlBce,
Rotterdam— DE WISSEI^sn KFTKCTKNEANK.
En^hede-B. W. BLUDKN8TK1N, jB.
Almelos-LKDBBOKB A CO.
B INKERS,
KBW TOBE COBBXSrONUBBT*
CNITED BANK BUILDING,
Wall
Street,
Corner Broadway.
JlO.yi'S <t COMilKRaiiL PAPEll.
Stocks and Bonds bought and sold on comml98li>n
at New York Stock Kxchjinge. Advances made on
busido.'is paper and other 8e.;uritleii.
STOCKS,
govclon
A. P.
BO
a
(t8J4H.44l>.-)
Transact a general Banking and ConunlsslOB BlilBills, Stocks, Bhsrw, Coapona,-«a.
gaulici's.
TVRIiER
TIIREADNERDLB
Stocks, Cotton aud PorelKu Excbanse
Prlvute Wlr« to Waahliiirt^jn.
BATSJIA.N & CO., WAaoiNQTON, O.
•
B«as In
Memb.N. Y. Cotton Bxch.
OREEIV & BATEMAN,
-
M»,883 87
.•
NE\F YORK.
Qudtationw cbeerfully fnmiahed
Reserve Fund,
Amsterdam.
Branch Office, VZS La 8alle 8t., Chicugo.
TRANSACT A GE.NBRAL BANKING BUSINESS.
BRANCHES
INCLUDING TUB PURCHASE ANII HALE OF
STOCKS AND BONDS FOR CASH OK ON MAR- London-EXCHANGK A INVRSTMBNT BANK
GIN. BUY AND SELL INVESTMENT SECURIB. W. Blijdbnstbib a Co.
TIES. INTEREST ALLOWED ON DEPOSITS
Ncs. B5 & 90 Threadneodle Street, K C.
SUBJECT TO CHECK AT SIGHT.
Stocks, tlimdn and Miscellaneous Securltle*.
Correspondeffce Solicited,
Subscribed Capital. S.000.000
Paid-up Capital, 7371.1IW
V
BANKERS,
HO
Surplus,
10 SterUne.
NEW YORK
reputable Securities
bought and sold In the OPEN MARKET. LOANS
and COMMERCIAL PAPER negotiated. Interest
paid on DEPOSITS, subject to check.
BOCTHER!? PECITBrnKg A BPBOIALTT
C. A.
Share Tru*
(Limited).
CAPITAL PAID UP, with
Purchase and sell on Commission GOVERNMENT
and RAILROAD BONDS and STOCKS, and all
STOCK EXCHANGE,
&
(LIMirED),
BANK BUILDINGS,
No. 4
Same
classes of Securities dealt In at the
sold.
Simon Borg
COnPANY
P. O.
& Co.,
WALL STREET,
DEALERS
No. 8
Bny and
Mahoney
No. 15
bought and
Railway Debenture Trust
Nenr York,
Transact a General Banking Business. Including
the purchase and sale of STOCKS and BONDS for
cash or on margin.
&.
CO.,
8TREEI',
LO.\no:v.
York Stock Exchange.
MCHBEBS Now
Philadelphia Stcck Kxciiabjie.
[
[
Messrs.
SNAUTH.NACHOD
Hong Kong &
ft
:
KUIINE
Shanghai
BANKING CORPORATIO.N.
CAPITAI
|7.POO,n(IO
UKSEHVK KUND
HSAD ornCS, BUNO Kosa.
Ths
4J«I,U(I«
-**
*
Corporation grant Drafr*
Credit fur u»« of Travelers, ami
Bills payable at Bombay, Ca.rui'
Manlu, Ilong Kong, Koocbi-i..
Bkangbal. Hankow. Yokohama. Ulwu. tian 1
sndXondon.
A. M.
TOWNSEXD,
AfCBt, 47
WUUnn:
-
;.
:
THE CHRONICLR
IT
&
LiONDOlV,
Bank of Montreal.
Co.,
ENGLAND,
Brothers
OAPITAI.,
Corporations, Arms and Individuals, upon favorable terms; also orders for the purchase and
sale of Bonds, Shares, &c., &c., on Commission
on the Stock Excliange.
Nesotlate Railway, State and City Loans and
luBiie Commercial Credits available in all parts of
0.
-
F 8MITHER8,
W.
J.
the world.
)
Buy and sell Sterling Exchange, Francs and Cable
Transfers; grant Commercial and Travelers' Credite,
available in any part of the world; issue drafts on
and make collections in, Chicag6aud tliroughoutthe
'
Dominion of Canada.
HOIiliAND.
Established in
1863.
Pald-lTp Capital, 12,000,000 Oullders
($), 800,000 Gold.)
HEAD OFFICE IN AMSTERDAM.
Agencies in Batavla, Soerabaya and Samarang.
Correspondents in Padang.
Issue Commercial credits, make advances on shipments of staple merchandise, and transact other
business of a financial char,icter in connection VFitb
thetrade with the Dutch East Indies.
BliAKK BROTHSBS
ic
London
BANKERS
AND
OF CANADA.
Capital,
Reserve,
PLUMMKil.
CAPITAL
Bond
St.
ST.
Aldgate,
Holbom,
Old Street,
-
WILKIB,
D. R.
&
Bank
in
New
London.
Bunks.
Agency of Foreign and Colonial 3anks.
A. G. KKNNBIK
NBD-r. Manager.
Buy and
No. 4 Excbange Place, Room No.
BOSTON,
MEMBER OF BOSTON STOCK EXCHANOB.
Parker
Bills collected
acted.
Exchange and Cable TransIrelana;
C.
.\lso.
MCTAVISU.i -Agents.
.„„„,.
!>• -A-
&
)
Buchan,
TORONTO, CANADA.
'
E.
to Collection of Comme: cial Bills and Canadian i-'unds on all points in Canada;
American and Stirling Kxchange. and Stocks, Bonds,
etc., bought and sold.
r..i-rpi<Di.nrtentfi— Hark of
and Alliance Hank, Loudon.
n
New
p
York,
New
York;
Co.,
sell
Qovemment,
•
Banks a
specialty.
State, Municipal
and
Investments for Sav-
Collections made.
W.
E.
&
Clark
Co.,
BANKERS,
No. 35 Soutli Third
St., PhUadelplUa.
DEALERS IN CAR TRUSTS AND OTHER
INVESTMENT SECURITIES.
Slew ^ngXuml ^^n^^s.
Co.,
Bank of Deposit,
DeTonsblre dc '20 Water SiB.,cor.opp.P.O
B O S T O.N .
Interest on deposits subject to eheck.
Botids and other mvestmeyits bought and told.
tJ4
Narr & Co.,
AMERICAN BANKEItS,
Correspondence mvittd.
Orders executed at Boston and Keu! York Stock
Exchanges, of which we are members.
ST UTTGAR T, GERMANY.
Co.,
F.
I
A. Hawley
BANKERS.
& Co.,
-
Stocks and Bonds Bought and Sold on Commission.
Job. M.
Jos.
Shoemakkh.
Robekt M. Jannkt.
M. Shoemaker & Co.
BANKERS AND STOCK BROKERS,
SOVTH THIRD STREET,
PHIL,ADEL,PHIA.
134
Rea Brothers
&
Co.,
BANKERS AND BROKERS,
.
BREMEN, GERIOANY.
&
Jackson
niIDDI.ET01VN, CONN.,
No.
Prompt attention given
BANKERS,
FRANKPORT-ON-MAIN, GERMANY.
Wuthmann &
Stackpole,
BANKERS.
BANKERS AND STOCK BROKERS,
Quarantee and Reserve Funds, X727,710.
Letters of Credit and Drafts Issued on the 109
branches of the Bank in the Colonies of Queensland,
New South Wales, Victoria. South Australia, TasmKntaand New Zealand. Bills negotiated or sent f(.r
Collection. Telegraphic Transfers made. DepoalTs
PHIDHAIJX 8KLBT, Beeremry
i'lu-r
and other banking business trans-
Gzowski
Australasia,
&
the
H. STIKEMAN,
(INCORPORATED 1S35.)
4 Ttareadneedle St., Loudon, Englaud
PAID-UP CAPITAL. jei.BOO.'KlO.
c
&
DEVONSHIRE STREET,
BOSTON.
No. 60
ing
and West Indies.
NEW LONDON
& MK.VZILIAN
B»NK LiMiiEu, available
in the Bnizils, River
Plate. &C.
KRED'K K. LOW.
(w „. „ .
IGNATZ STEINUABT, !"*""*""•
at interest for fixed periods
be ascertained at the oOico.
4,
niASS.
Railroad Bonds and Stocks.
demand draft 8 on Scotland and
lllina, Japiin unci
In name of
P.N. T.ILIKNTHAL. Cashier.
E.
Samuel G. Studley,
COMMISSION STOCK BROKER,
Buy and
on Canada, British Columbia, San Francisco and
$6,000,000 also
Chicago.
• 1,500,000
CIKCVLAR NOTES issued in Pound.* Sterling
available
in all parts of the world.
C'OMMEK.
100,000 ClALi CREDITS
ISSUED for n.'te In Europe,
§
BANKERS,
ALSO,
Dealers lu Idnnlclpal, State, Railroad
and United States Bonds.
-
Transact a general banldng business. Issue Commercial credits and Bills of Exchange. avallubl<> in uli
rte of the world. Collections and orders for Bonds,
tOGks, etc, executed upon the most favorable terms.
L. de Steiger
sell Sterling
Issue
fers.
London
AJHD
BOSTON STOCK EXCHANGES.
STREET.
No. 52 WA1.I.
BOSTON Correspond'ts, Mtissacliueetts N. Bk
^
BOSTON.
MEMBERS OF THE NEW YORK
North America,
British
NEW YORK
terms which may
CONGRESS STREET,
36
OK
CLIMITED).
t,ONDON, Head Office, 3 Angel Court.
SAN FRANCISCO Office, 422 Ciilifornia St.
Agents, J. <fe W. Seligman & Co.
received in
No.
York;
Bank
Anglo-Californian Bank
Estabrook,
MONTKEAi,
of
I
AGENCY OF THE
Bank of
&
BANKERS,
BANKERS,
59 Wall Street.
Promptest attention paid to collections payable in
any part of Canada.
Approved Canadian business paper discounted at
the Head Office on reasonable terms, and proceeds
remitted by draft on New Yorlc
The Bank,whiie conducting the general business
London _Bankers, gives special attention to the
New York and Boston.
Cobb
Brewster,
Sterling Exchange.
Agents
I
73 Lombard Street.
of
Antborlzed Capital, •
Paid-up Capital, - Reserve Fund, - . •
Exchange.
I^lvate Telegraph Wire to
Cashier
Catharines, Port Colbome, St. Thomas, Ingersoll
Welland, Fergus. Woadstock.Winnipeg, Man,,
Agents in London;
BOSANQITBT, SALT4CO..
Paddington,
Hill,
-
Brandon, ilan.
Tottenham Court Roiwl
Street,
.„„,.
A8e°M-
.......-$1,500,000
$678,000
Dealers in American Currency
Knlghtsbridge,
Dealers In Commercial Paper, Government and
other arst-class Bonds and Securities and Foreign
BKANOHES:
BRAKCHSS
Ludgate
WEITBOSSET STREET,
PROVIDENCE, R. I.
53
HEAD OFFICE, TORONTO.
-
THREADNEEBLE
(paid up),
SCRPIiVS,
H. 8. HOWLAND, Prea't.
4,000,000
Pald-Up Capital,
1,000,000
Reserve Fund, £SOO,000.
OFFICE,
J
& Co.,
BANKERS AND BROKERS
Imperial Bank of Canada.
Subacrlbed Capital,
HEAD
)
JB.,
Co.
. £4,000,000
......
......
-
61 Wall Street.
HENRY HAGUE.
JOHN B. HARRIS.
(LIMITDD,)
.
Wilbour, Jackson
General Manager.
Manager.
New York Agency, No.
LONDON, ENGLAND.
-
joshita wilboub,
charles h. sheldon,
Benjajon a. Jackson, Willlam Bdjnet, Jb. jb.
Assi.^tant General
Sterling Exohange. Cable Transfers, Issues Credits available in
kll parts of the world, makes ooilectlons in Canada
and elsewhere, and issues Drafts payable at any of
the offices of the bank In Canada. Every description
of foreign banking business undertaken.
-^ASS.
Dealers in Municipal, State and Hauroad Bond*.
The New York Agency buys and sells
The City Bank,
STATE STREET,
BOSTON,
Bsq.
BANKERS:
LONDON. BNG.—The Clydesdale Bank (Limited.)
NEW yOEK-The Bank of New York, N.B.A.
AMSTERDAM, HOLLAND,
&
No, 40
$1,150,000
•
GEOBOK HAGUE,
COramiSSION mEROHANVS,
Authorized Capital,
$5,700,000 Paid Up.
-
ANDREW ALLAN, Esq.
KOBERT ANDERSON,
HEAD OFFICE, inONTREAI..
J. II.
& Co.
N. Y.Corretpondents— Messrs. Bi-akic Bros.
No. 9 Blrcbln l,ane.
President,
Vice-President.
CO.,
AaKNTS roa North Amekica,
WALL STREET, NEW YORK..
28 STATE STREET, BOSTON.
Boissevain
Office,
Merchants Bank
18
Adolph
J
Co.,
Co.),
BANKERS AND BROKERS,
BUCHANAN, General Manager
ALKX'R LANS,
Nederlandsch Indische
Handelsbank,
Swdt &
(Formerly Chas. A.
President.
yETf YORK OFFIUE,
Nos. 59 ic 61 AVAI.Ii STREET.
WALTER WATSOK, Agents.
...„.«
&
Dupee
Perkins,
$12,000,000, Sold.
$6,000,000, Gold.
-
ST7RFI.US,
Solicit accounts and agencies of Banks, Bailwajs
AnSTERDAm,
SXXVlu
©auajatau ^vmUi^s.
'^lUxtiQU ^^vihtxs.
Blake
[Vol.
AVOOD STREET,
PITTSBURG, PA.
No. 97
Dealers In Government, State, County, Municipal
nnd Railroad Bonds. Execute orders in all SECUBITIES listed at the New York and Philadelphia
Stock Ezctionges by Private Wire.
Narr
&
Gerlach,
BANKERS AND BROKERS,
No.
322
CHESTNUT STREET,
PHILADELPHIA,
Orders executed by private wire in New York, Boston and Baltimore.
Drafts issued on all principal points in the DntteO
States and Europe.
!
May
THE CHRONICLE.
1884.]
17,
Svust
I^cuusultiitnla gaulicvs.
&
Co.,
BROKERS,
PITTSUVRO, PA.,
Geo. B. Hill
ooll 111! cliMSM of W<!«teni Penn«7iT»nUi
Hmnirll.ioii. Correoponrtenco »olt(ilt«il.
Bur and
Wm.
J.WV. MlUDBNDORr.
United States Trust Co.
OF f/M\r YORK,
No. 49 WALb 8TBKKT.
Capital,
•
Surplua,
-
BANKRRS ANn BROKBRS,
the whole time they iiiiiy remain with the oompao/.
Executors, admlnlstratora, or tnut«6a of MtatM,
and females unacciistotiied to the transaction of business, as well ai reliuli>usund benevolent institutions,
will find this criiiipanya convenient dop^jsltory for
JOHN A. .STEWART, President.
WILLIAM IL MACY, Vice-President.
JAMES s. CLARK, Seoond VIce-Pres't
money.
BALTIinOBB, mD.
Stock Rxohame.
&
II.
jMclaltjr.
No.
fai-
Bliss.
The Union Trust
'\\r\ CHESTXUT STHBET,
PUILAl>li:i.PHIA.
BALTIMORE,
TRANSACT A GKMKRAL DOMESTIC AND
POKKION BANKING BUSINESS.
A uthorizod OaplUl
Paid-up CupUal
$1,000,000
000,000
('hitrtor
BO^'DS OF SVRETTSIIIP.
The American Surety Co
No. 160 Broadnray, Nciv York.
Cash Capital,
Acta as Kxecutur, Admlmstnitor, Assignee, Receiver. G uardlan, Atturney, Agent. Trustee and Cummlltee. uloiie or In connection with an indiTidual
appointee.
Tukes charge of property collects and remits intereHt and Inconio pruinptly. and nischar^es faithfully the duties of every trust known to the law.
All trust assets kept separate from those of the
suretyship.
Burular-Proof Safes and Boxes (having chrome
steel doors) to rent at $5 to $00 per
new and elegant chrome steel.
FIDEI.ITY
Nos. 211
&
216
BRIGGS,
& CASUALTY CO.,
BROADWAY, NKW YORK.
panies, InHtituttonsand^ommerciiil flrmH.can obtain
BONDS OF SURETYSHIP
this Company at moderate charges.
The bonds of this Company are accepted by
from
New
courts
York.
CASUALTY DEPABTDIENT.
Policies issued against accidents causing death or
totally disabling Injuries.
Full informatiun as to details, rates, &c., can be
luad office, or of Company's Agents.
obtained
Wm. M. RicnAUD.f, I'rest. JOHN M. tntANE, Seo'y.
lit
ROB'T
J.
Geo. T. Hope,
G. G. Williams,
J.S.T.Stmuahan,
A. B. Uull.
Geo. S.
HiLL.^s. A ss't Secretary.
DiUKOTOUS:
David IJows.
A.S.Karnes.
H. A. Hurlbut,
Vermllye.
J. D.
Wm.
Coo,
W.
G. Low,
Charles Dennis,
Ale t. .Mitchell.
S.B.Chittenden.
M. Richards.
Bonds of Sxii*et;>^sliip.
MAULON
The Guarantee Co.
OF •NORTH AMERICA.
.....»»)0,;-00
Cash Capital
400,000
Cash Assets
ai4,000
Deposit with Insurance Department
Vice-President:
I'resliient:
DO.V. JAS. FKUKIEB.
Bill ALKX. T. GAI.T.
Maaaging Director: EDWAlll) BAWLIsas.
NO. 178
"
HlKsTBR CLYMER, V.-Pres*t.
Secretary.
PATTKRSON, Trust Officer.
Pres't.
S.
D. R.
STOKK-, Treasurer A
DiBKCTORS.— James
Alfred S. Glllett, Allison
White, Chas. P. Turner. M. D., William S Price, John
T. Monroe, Jos. 1. Keefe, Thoa. R. Patton, W. J.
Nead, Jas. S. Martin, D. Hayes Agnew, M. D.,
H. H. Houston. John G. Heading. Theodor C.
Eugel. Jacob Naylor Samuel Riddle, Robert Pat.
PuiLADKLPiiiA; George W. Heily, M. D.,
HAKHiSBtritO; J. Simpaon Africa, Uunti.vguo.V;
HiesterCiymer, Henry S. Eckert, Reading; Edmund
R. K. Mofiacrhan, Wkst
Doty. MiPFUNTOW.N
Chesteb W. W. H. Davis. DOTUCSTbWH; Chaa. W.
OFFICK:
BROADWAY.
D. J. TOMl'KlXS. Secretary.
Hopkins, H.Victor Newcomb, John
Torrance, Kdw. F. Wlnslow, Krastus Wiraao,
MANHATTAN
Storage Co
Deposit&
Safe
&:
348
»t,-9~.>,A
"•••T^T*
I
J
LIMITED,
OF FOBT WOHTH, TKXAB,
I.S
AM, KINDS or
LIVESTOCK, R.VNCH PROPERTIES,
SECURITIKS. *c.
Paid-apCapital,$lUO,000. Sarpliu.ffiO.OOO
DiRErroKa.— A. M. Britton. President CHy N*.
tlunal Bank W. J. BrwE. l*realdent Traders' Na.
tinnai Banki J. P. 8ro th, .Maiorof Kort Worth, and
of the banking arm uf Tidball, Van Zandl A Co.; J.
D. Reed, Ranchman, and lilref-t'ir In Klrst National
'•- -rltnrai ImBank; W. A. HuOman, dealer
;
>wn Co..
plementa; Sidney Martin.
" Dealer
Wholesale Dry Goods W. J .^
iAblnffC04
George B. Loving. Manager I.
and Cattle Dvul?r.
J. K. Evans, Ranchman1 s
;
Attention
Investors,
9300 to •20,000.
Seren Per Cent Semi-Annaal Interest net to Inrestorx.
SECURITY ABSOLUTE.
First mortgage on Improved property In Kansaa
and good farms In Kansas and Mlssonrl, worth
from three to five times the amount of the loan.
For particulars and references addreae
City,
JABVIS, CONKLIN
KANSAS
tc
Broken,
CO.,
CITT, MO.
THE WESTERN
Farm Mortgage
Co.,
LAW^BENCE, KANSAS,
Offers to Investors the best securities la tbe
market
MORTGAGE LOANS UPON IMPROVBD
FIRST
FARMS.
Interest and principal paid
OD day of
iii».
New York. Kaods promptly plaoed. Lam
No lossea. Send for circular, referenoae
and sample forma. F.M.PERKINS. President; J. T.
WABNB, Vloe-Prest.; L. H. PERKINS, Secretary.
CHA8.W.aiLLBTT.Treaa. N. F. UAKT, Aodltor
tarlty in
experience.
;
THB
The Brooklyn Trust Co. Kansas Loan & Trust Co.
Cooper. ALLKNTOW.V.
BROADWAY,
NEW YORK.
Comer of Leonard Street,
Safes to rent from $10 to $200 per year,
AND CAN BE RENTED FOR A
DAY, W^EEK OR IHONTU.
Montague & Clinton
sU., Brooklyn, N. Y.
authorised by special charter to
act as receiver, trustee, guardian, executor or ad-
Cor. of
This Company
is
ministrator.
It can act as agent in the sale or management of
real estate, collect Interest or dividends, receive
registry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable Institutions, and persons
unaccustomed to the transaction of business, will
And this Company a safe and convenient depository
RIPLEY KiJPHS. President.
tor money.
W.CORLIES, VIce-Pres't.
KUMUND
TBUSTKBS:
Josiah O. Low, Henry K.Sheldon,
John T. Martin,
E. F. Knowlton, Alex. McCue.
Edm'd W. Corllea
II. K. llerrepont, A. A. Low.
Alex. M. White, Mioh'l Channcey, Kred. Cromwell,
c. I). Wrol,
Wm, H. Mole.
Henry Sanger,
John
P. Rolfe,
Ripley Ropes.
JAB. R.
CPBRAM,
iffid.
IK65.
(CHARIER PERPETUAL.)
CAPITAL,
iiH,000,000
A!»»iETS 91't,5S3,44'l §3.'
INSURE LIVES, GRANT AN.VUITIES, REon deCEIVE MONEY CN DEPOSIT, returnalilueniiKiwmand, oroM which iiitori'>t is al.oweil. ami aro
ered bylaw to act as K.\-l;CL•TOH^', ADMI.MSl'UA-
la; AKDIA.N:j, ASSltiNEE:',
COMMITTIOI'IS, ItKCKIVKIlS, AGENTS, etc., for
the faithf'il perlorinaticeof wtiloh their capital and
surplus fund f\irnish iimi'ie st-curlty.
All tru^t fund^ and investments are kept separata
and apart fKimlliuaHMlsi.f tlio company.
The income of iKiriiis rciidlng abroad carefully
collected and duly riMoittud
SAM'l. it. S H IP l.l':V, President.
TuRH TRUSTEKri.
ASA
^
circular.
No
Risk;
BIloW.'v. Vice-President.
Vice-President and Actuary.
s. Wl.'Oi.
Metropolitan Trust Co.,
MUls Building,
3r.
Wall
St.,
New
York.
Designated as
DiweCourt. Beoelve depoalU of money on Interest,
iot as flscal or transfer agent, or trostee for oorpon-
and accept and execute any legal trusu tcom
pCT^ns or corporatlens on aa favorable tenna is
tlona
comga^esj^^jj
Prealdent.
FRKDBRIC
WALTKB
Ct.
BAPID ACCUfni;i.ATION.
CAN HANDLE SUMS LARGE OK SMALL.
SoUd as English Consols or U. S. Bonds
For Circular Address the
Farm Mortgages
In Subs of $100 and Upwards on Indiana and Ohio Lauds.
NOTHING SAFER. ALWAY:' PROMPTLY PALD.
BEND FOR PAMPHLET.
JOS. A. noOBB,
Eaet market St., Indianapolis, Ind.
84lEyi
TO UOI.DEBS OF DEFAVLTKO
BONDS.
Invitee eorrespondenee with
SiVkSTEHN DEFAL-VTKD or BK-
The undersigned
holders of
PUDIATKU BONDS of Cities. Counties, Townahliie
or School Districts. Will purchase at beat ntea.
Give full description and addcesa
•T.
J.
CHEW,
D. TAPPmir.Vlce-PreaHl«nl
BHirriM. BeoiMaiT.
J.
JB.,
St.
Jo— pk.
Bio.
8BXIUIA»8.Jew»TT,Prea. Joslah JrwBTt, V.Prea
WiLUAM C. (.OR.NWUX, Cashier.
Bank of
CAPITAL,
«1,0*0,000.
PAID VP aCAPITAI.,
legal Depository by order of SB.
other similar
^r Solid 10 Per
JACKSONVILLE, ILL.
Incorporated Third Mo.."
T WiSTAIt
TOPEKA, KAN.
GEO. M. NOBLB, See.
T. B. SWKBT. Prea.
Is the oldest and largest Institution In Kansas,
giving exclusive attention to the Negotiating of
CHOICE FIRST .MORTGAGE LOANS at high rataa
of Interest. It has negotiated over S<t,SoO,ttM
of these loans for Savings Banks, Insurance Con^
panics. Estates and private parties Kaau Send for
Central Illlnola Financial Aieaejr,
.secretJirv
Provident Life & Trust Co
OF PHILADELPHIA.
Drexel, A, I,.
New York DiB«rrons— Joseph w. Paton,
Daniel
346
J. P. bjiitd.
J. K. Rlgl).
Texas Investment Co.,
l..ong.
terson.
NO OTBER BUSINESS.
NEW YORK
in their
Fire and Barglar-Proof Vaults^
JAS. LONG.
Prae't.
;
President,
Vice-President.
Officials of Banks. Railroads and Kxpress Companies. Managers. Secretaries, and ('lerks of Public Com-
of the State of
annum,
protected by Improved lime locks.
Wills kept In Vaults without charge.
Bonds and "totba. Plato and all valuables securely
kept, under Kuurantee, at moderate charges.
Car trusts and other approved securities for sale.
.Money received on deposit at Interest.
S.
LYMAN W.
W. J. MOBPnr,
OKI. B. LoviNO, Beo'r.
;
$500,000
will act as surety for Officers and Employees of
Banks, Railways, Express and Telegraph Companies,
Corporations and Businef*s TIousps. and will guarantee the fidelity of personit hulOtini^ pobltions of trust.
This Company will also act us surety on Bonds reanlred in the Courts, Bonds of Administrators,
uardlaus. Sheriff and undertukings.
It Is the first and only Company organized in the
United States devoted exclusively to the business of
OFFICERS:
RICHARD A. ELMER,
m
B O IV D S.
rerpetual.
Company.
"^ixmnciixl ©ompauijes.
PIMB aTBIKT,
II
BBOKBBa AHD OBALBBS
<
Co.,
AND
Sons,
BANKERS,
SOCTil -rKEET,
7
Willis
II.
Daniel D. Lord, H.E.Lawrence. William Libbey,
George T. Adee. IsaiK! N. Phelps. John C. Brown,
'ICrasms Corning.l Edward Cooper.
Samuel Sloan,
HENRY L. TlloitNKLL. .Secretary.
1.0IJ1SG. IIAMI'TIIN ,VH>l.tHnt 4o<T»r,.r»
611
&
I
Chittenden,
J.
BANKERS AND BROKBRS.
BAI,TII*IORE.
1NVK8TMKNT and SOUTHKRN SUCDRITUES
Robert Garrett
Bill,
S. B.
John U.Rhoadai
James, Anson P. Stokes.
Phelps,
Flagg,
Cor. Niuwau ft PinaSU.
No.
DKAl.KRS
Arnold. James l.ow,
Wilson U. Hunt. John
Astor,
Robt. B. MIntum
Wm U. Macy, |John A. Stewart, Geo.
n. Warren.
Co., Clinton
Gilbert, '.S.M.IIucklngham George
CorreapondQiice solicited and information
niBbed.
N. Y. Cfirrespondents— MoKIm Brothers A Co.
NTKANCI
TRVSTEKS:
Dan.
Thomas Siocomi). W. W.
Charles K.
Wilson, Colston
Duncan Building,
may bo made
(KEYSKK BUILDING),
Nob. 23 4 25 GERMAN 8TREET,
Momban Bidtlmora
•
&
Reed
at any time, and withdrawn after
live days' notice, and'wlli be entitled to Interest for
MiddendorfjOliver & Co.
397.
$3,000,000
3,51S,03a
-
Intiestmmts.
ilpcciiti
INTKRKsT ALLOWED ON DKPOSITB,
which
OLiTin.
B.
((>om)>(iuics.
This oompwiy Is a legal dapwttory for moncTs paid
Into ounrt, and Is autbarliad to act ai guardian or
receiver of estates.
'gultimatt §auU«t;s.
Box
;
-
Buffalo,
- - - -
BUFFALO,
«soo,ooo
N. Y.
This bank has superior facllitiea for »»"»• ««''2tlonson all aoeesslblo ??''",''>. ''•.''P'iisil't!:
Canada and Korupe. Liberals terms extended to
aoconouof banseraand '"•«'^»?*^.,,-_, .fc-.
»
CouH«BPO»u«!«T».-New York, KaUeosI »oe *
Leather Bank ; Dnloii Baak of Loodeo.
.
.
THE CHRONICLE.
SlJjectal
%mae6tmtnt3.
^iiijtucial.
CO.'S
Bank
Drawing
WANTED BY
BROADWAY,
From 1851 to 1866
STREET.
Bonds and Investment Securities
WANTED:
Bail E Y
PINE STREET.
S.
DJLALINOS IN
INSURANCE STOCKS
A SPECIALTY.
Cash paid at once for the above secoritles or they
• ill be snirt on commission at seiler's ontion;
gmctiott ^aXts,
STOCKS
and
BONDS
At Auction.
The Undersigned
SALES
liold
REGULAR AUCTION
of all classes of
STOCKS AND BONDS
ON
WEDNE8DAT8 AND SATURDAYS.
ADRIAN
7
H.
raULLER
PINE STREET.
inort^cage Iioans upon Iiiiin that and other Northwestern States. In 1866 he transfeired the
bnsiness to the City of New York, with immanscly successful results. In 1874 the Corbin
Banking Conipany was organized to succeed
liim in tliis business, and has coiitluuPd it ever
since. From moderate beginnings this special
business has grown to very largo proportions'
and now shows a Contliiuons and Complete Record of Result Covering the
proved Farms
Mexican (Corliss) Bonds.
Grand Kapids & Indiana Bonds and Stock.
T
Mr. Austin Corbin resided
in the State of Iowa, and, in connection witli
tlic banking business, m.ide a specialty of nego-
&.
SON,
NEW YORK.
Entire Period of 33 Years. The number
upon our books at this date
exceeds 33,500, and the-ainouut of money outstanding and due to individuals, savines banks
and other corporations is upwards of $12,000,
000. Tlie business has grown to its present
magnitude because its results, as shown by this
long record, have been eminently satisfactory.
During the peiiods of depression aud general
depreciation of nearly all classes of inve^stment
securities which succeeded the panics of 18So,
lf-57, 1861 aud 1873, these first mortgage
farm loans negotiated by ue, based upon a 40per-ccnt cash valuation of the farms, returned
high rates of interest to the lenders, with
almost the promptiludeof Government bonds,
and from the beginning of the business to the
present time have absolutely proved themselves. to bo the Safest and BrNt-Paylng
of current loans
Investment in
Country.
tills
CO.,
BROADWAY.
No. ee
Geo. H. Prentiss & Co.,
No. 49 WALL ST., NEW lORK,
AND
tiating Flriiit
Rome WatertGwn & Oedensburg Ists and 2df
Oswego & Rome Bonds.
Joliet & Northern Indiana Bonds.
Terre Haute & Indianapolis Stock.
E.
POPPER &
KOIIM,
NEW YOHK.
Stocks, Insurance Stocks. All Interest and Principal Payable
in New York City.
No. 6 AVAI/Ii
Minnesota
and Nebraska
and 8 Per Cent Interest,
NEGOTIATED BY
No. 115
STOCKS,
Albert E. Hachfield,
No.
7
The Corbin Banking Co.
STOCKS,
TELEGRAPH
Missouri,
ON IMPROVED FARMS,
DKALEB IN
CITY RAILWAY STOCKS
TRUST
'^inmxciKl,
MORTGAGES
FIRST
NASSAU 8TBKET,
No. 21
XXXVra.
[Vol,
808
nONTAGVE ST., BROOKLTN.
GAS STOCKS
AND
GAS SECURITIES,
Street Kailroad Stocks aid
Bone's,
AND ALL KINDS OF
BROOKEYN SECURITIES
DEALT IN.
8BK GAS QUOTATIONS IN THIS PAPEI'.
OKO. H. PRENTISS,
Member
W. W. WALSH
N. Y. stocli Bxehange.
Car Trust Bonds.
WB MAKE A
SPECIALTY OF THESE VERY
SAFE SECURITIES, AND BUY AND BELL SAMB
AT MARKET PRICE.
WE OFITER A LIMITED AMOUNT OF DE3IR
ABLE CAR TRUST ISSUES, ADDITIONALLY
SECURED BY THE DIRBCT OBLIGATION OF
~
THK
RAILROAD EQUIPMENT COMPANY.
MAKTIN &
POST,
No. 34
From
CO.,
PINE STREET.
FOR SALE:
year to year during this period of 33 years we
HOUSTON WEST STUEKT & PAVONIA FERRY
have been perfecting the details. Our corres(UOKSE) RK. IstMorlgage 7 Per Cent Bonds,
itttjercst,
pondents in the various States are picked men, Interest Januur? and July, due 1891, at 113}^ and
accrued interest.
skilled in this branch of business, of superior,
pENNSTTI^VANIA
CO.
At that rate they pay 3ii per cent on the investment.
judgment, unquestioned iuiegrity and honor,
TREASUKEU'S DEPARTMENT,
J. P.
and thoroughly conversant with the laws, proPhiladelpula, May 1, 1S84.
The Board of Directors has this day declared a cedure and practice of their several States. In
3« PINE STREET, N. Y.
Semi-Annual Dividend of FOUR PER CENT upon addition to this, all the farms are examined and
the capital stock of the Company, clear of all taxes, our correspond-nts' statements concerning
payable on and after May 29th, 1884, to shareholders
them revised by independent agents of ourcomas registered on the books at 3 P. M., April 30th, ult
No. 14G
pany, paid by us a liberal salary, who report
In order that shareholders may have the option of
NEW YORK
converting two per cent of this dividend Into the directly to us in New York and in a multitude
of minor details which have been pel fected at
capital stock of the Company at par, certificates will
CITI
STOCKS &
be Issued at the time the dividend Is collected, repre- great expense through the experience of this
BOUGHT AND SOLD.
senting such amount which will be exchanged for the lonit period, we have been able t > reduce the
capital stock at par. prior to August 1st, 1884, when
management of this Du.siness to a perfect system
See quotations of City Railroads In this paper.
presented in sums of fifty dollars.
Indeed, it is the perfection of our work that has
JOHN D. TAYLOR. Treasurer.
enabled these first mortgage loans upon imITIINIIVG CO., proved farms to manifest tin ir superiority and
The office of the ST. LOUIS ALTON & TERRB
to maintain their very high standard of value
Mills Buildiso, No. 15 Bkoad Stheet,
UAUTd RAILROAD CO>lPANY has been removed
over all others, while at times great depreciation
New Youk, May 15, 1884.
to the Mutual Life Uulldinj?, Nassau Street, between
has followed ncirly a!l other classes of invest Cedar
DIVIDEND NO. 69.
and Liberty Streets.
The regular Monthly Dividend— TWENTY CB.VTS ments.
W. B. CUTTING, President.
To investors who wish to place money for a
per share— has been declared for April, payable at
the office of the Company, San Krancisco, or at the term of years ivltli entire safety, at ates
Transfer Agency in New York, on the 2Bth Inst.
varying from 7 to, 8 per cent, wo recommend
Transfer books close on the 20th.
these loans as being, all things considered, the
glvmm&Sf
^c.
RAILROAD
WlMTRlJVGHAin,
H.
L. Grant,
RROADIirAY,
;
KAILROAD
Notice of Removal.
QPFICE HOinESTAKE
Transfer Agents.
JDOSTON OFFICE, STANDARD
UYUIta-CARBoN FUEL COMPANY, May
15, 1884.
A dividend of ten dollars per share, being ten per
•centum of the share capital of the comp.ny In stock,
from its earnings, has this day been declared payable
•on and after date to all stockholders of
record
Transfer books remain closed until June 2, 1884.
By order of the Trustees.
^
GEO.
It.
TABER.
Secretary.
MiRlJSXiCES' SAI,E!-> •ROPERTi- OF
'''"'Vl' WORKS, Conshohocken,
„
«*- Tllc; ALBIO.V
Montgom'jry
r
.
County. Pa.
O.V VVKI,lN-BSDAY, JUNK 4, ms.1
at 12 O'CLOCK N,)O.V, at the PlIlLAIJELPHt A
KXC \N(}p;. the well-known Albion Print Works
o.
»
•
Consho loekeu. Kit.
^^^.„""','™P™**'"™'* 'n<^''"'e a two-story brink
Dye. Bleach and Boiler ll.iuie. ainxO.S feet and the
ITInt Works. a'!4x9. fret. w,lhenKino,boItii>». tanks!
raachmery. &e.; als.i brick dwelli.gs, outbuildings,
Ac. ! or full descriptions api'ly to
JAMES A. KR|.;EMAN & CO..
,
,_
Auctlnneers, No. 4iti Walnut Street, Phlla,
I
_
^^
HOTEL,
Best In the World.
We
hold ourselves in readiness at all times
promptly, per.<onani or by letter, to reply to all
Inquiries and to furnish ail needed Information
in detail.
We have prepared
comprising Investments
for individuals for the last ten years. Of this
amount $', 310,117 were paid promptly with interest ill full when due, or over 94 per cent
Of the :i;l91.12 iinpnirt at matuntv. ilu<re. has
nowleeii paid SI 18, 180, wit li an added interest
of $(53,136. leavitia yi.ttol)ecolloered$73.-.'18
which is jnlncipally due from a few later dclin'
18
bt
iug
rapidly
paid
up.
and
is
enod. So it will lie seen that 98
per centof all tills $3,.50 I,84.t raplt:il
has been already rctarncd witli rales
of interest varying; from 7 to 8 per
!iiii.olutely
ries,
taken
&
Spencer Trask
Bankers,
'
(Kexl Door
lo
Stock Exchange
riCOriDEKOE,
per cent
:h
now
uu-
ods and the character of the
loa'is.
33038
a
Co.,
HAVE REMOVED TO
i6 & i8 Broad Street,
investors to Investigate our meth-
at,
tliisl
We siiilcit
•.;
cla-is of
Llbernlly
the City, with the Most Central
and uellKhtfnl Location.
HITC HCOCK. DARLl.VG A CO.
In
Branch Offices:
PBILADELrniA
ALBANY, y. r
oiilv
What other
record a-
Manat-ed Hotel
luvestmout focurian average, will show sueh a
eeut, and that
p.ii.l.
KEW YORK.
]TIa(1i§on Square,
The Lai Best, Best Appointed and Most
an exact statement of the
roiiults of *3,301,84!5,
(luents,
Avenue
Fifth
i
LOUNSBERY & HAQGIN,
BONDS
R.
)
T.
SASATOQA,
y.
xmtk
HUNT'S MERCHANTS* MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STA7BS
VOL.
SATURDAY, MAY
38.
CONTENTS.
581
Monetary
581
(yonimcrclal
of
tliuTiiiiiB
Orejioii U; ihvay >\.- Nnvigation
CoiupiMiy's F.iiniings
EnKllHli
NO.
1884.
986.
all the difficulties in our three Clearing Hoose Banks,
each being of a similar nature, and all showing lack of
THE CHRONICLE.
The Financial Situation
Bunk (liuwtli, a Feature
17,
and] Commercial
News
faithfulness
530
These banks
and Miscellaneous
News
on the part of
tiie
highest ofliccr in charge.
so heavily, not because the country
lost
588
insolvent, not because their advances to
585
was
merchants had not
—
been paid, not because brokers defaulted none of these
conditions existed but simply and solely because of s
—
Financial Chronicle ia puMiahed in power inside the institutions that had misu.sed their assets.
York every Saturday morning.
Hence it is well to know that the brokers who have failed
Thx Comhibbcial and
New
En'eied at tbe Post Office, New York, N. Y., as second-class mall matter.!
Wall Street do not
any degree owe their failure to
management, or to their
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
holding
of
worthless
securities,
but wholly to the sudden
For Oii<> Ye.ir (including postage)
20
$10
ForStx Months
do
10
and total withdrawal of bank facilities which these starth'ng
Annual subscription In London (Including postage)
£2 7s.
Sixmos.
do
do
do
£1 8s.
They are the victims rather
These I'lices include the Investors' Supplement, Issued once in two bank disclosures produced.
in
recklessness
months, and furnished without extra charge to subscribers of the
CllIiONICT.F.
be oontlnned nntll ilcllnltely ordered to he stopped.
publishers cannot be responsible for remittances unless made hy
Drafts or Post-Ollice Money Orilers.
A nent file cover is fmiiishe.i at 50 cents postage on the same is 18
cents. Volumes hound for subscribers at i?! 00.
Suliporiptlons will
The
;
Offices In
England.
in
their
in
bu.siness
than the cause this time.
Wo
—
—
passing the moral
to this feature because
which we discussed last week there is something
very re-assuring in it, for though confidence can only be
refer
question,
statement of the cause of the troa*
a.\u Fi.n.vnciai, Chronici.e In London
fjinii, 1 Drapers' Gardens, E.
where
will be taken at the regular rates,
and sini;le copies of the paper supplied at Is. each.
Tlie ollice of the Ciiiioxici.K in Liveipool is at I! 15, Exchahgo
slowly restored,
Buildings.
JDUIHllIli^S.
general business should be affected or why, for good prop-
The
Is
the
ofllce of
Commkixial
C
Edwahus &
with Messrs.
and advertisements
Buliscriptions
>..
Publtsliers,
<BW YOKK.
JOILN O. FLOYD.
p^g.^
J
OFFICK BoX 9c
958.
ble
brings
public
erties,
is
a^
out
in
strong
light
the
truth
not insolvent, and that there
is
that
no reason
the recovery should not be speedy.
In
fact,
the
why
mer-
chants here and every where,and bankers and brokers in other
TIIJS
The story
the
facilities
Wall
street
FINANCIAL SITUATION.
of the
for
week
the
is
soon
told.
(Jur
cities,
except in case of some direct coiroection, have looked
banks furnish almost with indifference upon our bank
transaction of our daily business.
scramble in Wall Street.
works so rapidly, that to effect exchanges, this local, sporadic character.
machinery must be run at the highest trying to draw a likeness
delicate piece of
pressure.
It is
only confidence in our fellow
man
that followed then.
No
They
Some among
to 1873,
failures
and wild
are fully conscious of its
and
such compaiiion
us,
however, are
to predict
is
possible.
now what
At that
Suddenly "Wednesday morning the time all classes, trades, corporations, municipalities, and
And not
It proved to be the in a word the whole country, was in debt.
its doors.
last straw, for as quick as thought the whole credit system only that, but property for several successive years had
in use for stock operations collapsed, the machinery for been marked up in values, and pach advance liad furnished
making exchanges was thrown out of gear, and those who a ba,sis for a new layer of debt debt on debt, in increasing
For the time being magnitude, making a credit structure which some one has
could not bear the strain gave way.
no one apparently wanted stocks or anything else but aptly compared to a cone inverted standing on its apex.
makes
this possible.
Metropolitan
Bank
closed
—
money, so an unreasonable panic prevailed with a frightful We have nothing resembling that to-day. The general
fall in values as shown in our tables of prices on a sub- public, as we have seen, is not the cause, and need not be
It is a case simply of deep distrust, and
sequent page, and with most disastrous results to brokers involved.
help to re-assure the public
anything which will
and their customers.
would bo of great serstabHity
financial
The events which have brought us to this point would in eur
wounds, but
of
the
heal
some
Time
will
wo
vice.
may
require very much longer time to relate, and yet
the repeal of
this
moment
by
do
more
at
Congress
could
and
management
faults
in
corporate
not briefly say that
faults in legislation cover in the main the caiuses that the Silver Coinage law, for the permanent restoration of
Of
excited the distrust, which the special disclosures of the confidence, than all things else that could bo done.
Looking only to the im. course, we know well enough that that law is in no degree
last ten days have precipitated.
mediate influences, Vo have the failure of Grant & "Ward the immediate cause of the panic, but it is a source of deep
were out of the way conservative
widely-extending losses, the assignment of the North, classes would be re-assured, and foreign capital would flow
•western Car Company, suppose<l to be largely in debt in here like a river, to take all good securities now being
with
its
marvelous, almost insane, revelations, attended with disquietude, and
throughout the East as well as in the West, but more than
sacrificed.
if
it
—
1
.
.
THE CHRONICLE.
662
[Vol. XXXVIII.
As already stated, the closing of the Metropolitan Bank bined the total net were only
Wednesday morning was the immediate event which March alone we have as much as
very large deposits.
Its large capital, its
fitarted the panic.
holding in part the reserve of so many banks throughout
the country, but worse than all, the moral question involved
by the failure, following
so speedily the frightful defalcation
amount
this latter
than in
month
over half a million dollars smaller
is
1883
made an
exceptionally good showing,
to a combination of favorable circumstances,
and a
owing
repeti-
of the President of the Second National Bank, made public
the previous day, served, in the then attitude of the public
tion of the large earnings then recorded could hardly
mind, to unsettle all credit. Tlie scenes and events which
quickly ensued forced the Clearing House banks to come to
the rescue, and to pool their assets for mutual protection.
and, as compared with 1881, there
This has now become the usual course in times of panic
the conservative banks, which are always managed so as to
in the early part of
be prepared for the worst, are required when the hour of
danger arrives to support their weaker and more extended
The latter make the money and the former give
brethren.
We suppose they both like it, or it would
the stability.
In the present instance, and as
not always be the case.
a result of this action, the Metropolitan opened its doors
again Thursday noon after the resignation of Mr. Seney
its President, and an increase of confidence was quickly
made
apparent
in
financial
circles,
the
securities
of
prices
advancing sharply.
A
improvement of that day was the
decided fall in sterling exchange which was due to the stringency in money here, the drawing of speculative bills the
proceeds to be used in our loan market, and the purchase of
It is
securities made in Wall Street on foreign account.
not however believed that there has been any large movement of stocks or bonds to the other side, but there has
been moderate buying on European account for investment,
while the speculative movements in London are such as to
favor the arbitrage brokers in trading between the two
A further fact, which had a favorable tendenc}' on
cities.
the day mentioned, was the announcement of the Secretary
of the Treasury directing that payment bo made with
interest to the date of presentation of the bonds embraced
in the call due .luno 20th.
It is probable that the recovery on Thursday would liave
proved permanent had it not been for the important fail
The well-known ard highly
ures subsequently announced.
respected firm of Fisk & Hatch closed their doors in the
In bank circles, this event was
afternoon of that day.
seen to be inevitable the previoiis day when loans due by
but to the
the firm were called and not responded to
street its announcement near the close of business Thursday came wholly unexpected, and of course proved very
disturbing, the stock market bexjoming panickj- again.
Yesterday this disturbed feeling was further encouraged
looked
ment of $275,000.
in
many
by the
closing of the doors of the
Newark Savings
Institu-
actually an improve-
is
This latter fact
is
important, because
respects the conditions in the weather prevailing
1881 were not unlike those that have
That the company should have
drawback
larger earnings now, despite the additional
imposed by the contest with the Burlington
therefore a very gratifying feature.
we give
be
to 1882, the loss is only $263,000,
existed the present year.
&
Quincy,
is
In the following table
the gross and net earnings of the three contending
companies, for March and the
first
quarter, during the last
four years.
18S4.
1833.
1882.
1881.
1,972,712
1,201,553
2,391,758
1,095,688
2,392 593
1,360.628
1,854,723
708,159
1,296,070
1,031,965
493,227
2,106,028
1,021,311
2,396,58
1,029,119
l,5e<!,'J17
92»,200
1,418.149
732,863
1,081,717
1,367,485
637,017
665,286
4i3,003
435,2)5
548,580
314,337
516,316
299,812
398,492
234,091
17,750
201.223
."^,059,589
3,710,930
5.981.83(3
3.1.'2,i64
1.348,653
2,S59.572
5.725,262
3.04«.S63
5,633,286
4,682 351
Operating expenses
v;,7J5,700
2.6ti3,4.1
Net earnings
2.678,39 7
2,897."->g6
2,018,930
1,332,076
1,2J7,533
1.469,S77
1,008,503
Mabcii.
Union Pacific —
Oross earnings
OpcratinfT expenses
.
Net earnings
fact that helped the
;
we go back
If
for.
for
It is true that
corresponding month a year ago, but that
the
in
now
$580,495, while
$768,159.-
Burl a Quin.-
Clilc.
Gross earnings
Operating expente
i
.
Net c.nrnlngs
Den. d Rio Grande—
Gro^B earning-i
Operating expenses ...
Net earnings
Jan.
TO March
1
,
I
....
Net earnings.
Cliic. Burl. <£ Quin
Gross earnings
(C
Uio
Here we
I
5,111.459
3.454,777
t!.4O!,.50O
4.006,5i;9
2,33(S931
I
1,6J6,682
3.760,918
2,17H,749
,
1.584,109
...
12
1,
"143
461,372
I
1.427,736
910,511
I
'
1.021,651
664.t.2S
I
359.0
487,225
smaller not earnings this year than
find
'5
la.st,
March and the three months.
between the roads has been in progress
time, the inference seems natural that the
But that is
attributable wholly to that fact.
active strife
during
this
decrease
is
not correct, and, moreover,
much prominence
it is
to this
on
falling off
the Burlington
diminished
to the
possible to give altogether
one circumstance in seeking
We
to account for the decline.
duo
j
the companies, both for
As an
too
i
—
Net earnings
all
164,398
I
Orande—
Grogs earnings
Operating expenses
by
216,501
1
31.
XJninn Pneitic—
Gross earnings
Operating expenses
Den.
1,-J61,496
showed
last
week
& Quincy must
movement
of
corn,
that the
be largely
which
in the
So the Union
previous year had been extraordinary.
unfavorable nature.
ThereVds one rumor that Fisk & Pacific, though it no doubt suffered losses by reason
Hatch had re-hypothecated securities left with them by this of the difficulties in the Colorado and Utah pools, was cerbank, but a statement to us, made by their counsel, shows tainly very greatly affected by the severe winter that has
that wliatever use the securities in question were put to been experienced.
We know also that the Denver & Rio
tion, the
was
rumors with regard
fully authorized
to
it
being at
by the bank, and
been returned and the bank wholly
first
of a very
that they have
satisfied.
The
now Grande
institu-
suffered seriously
by snow
slides
and snow storms.
on the other hand, the meteorological conditions were very favorable, and in 1882 they were hardly
In 1881, howless so. the weather being unusually mild.
Last year,
was closed simply as a precautionary measure. Wlien
became known the market recovered its improved tone, and pricesagain rose rapidly. It is probable that ever, .as already said, the winter was very bad, and it will
in the main the effects of the disasters which have occurred be noticed that then both the Quincy and the Union Pacihave now been felt, and that the recovery which has set in fic had small earnings all through the first three months.
tion
this latter fact
will continue, unless there should
be further developments
of a serious nature.
Union
for the
is
for March, though unfavorable
more encouraging than were
months immediately preceding.
company's earning capacity
would have us
believe.
of
significance
this
feature
lies in
the fact
that
it
deinonstrates that one at least of the circumstances respon'
Pacific statement
as expected,
The
is
far
It
the exhibits
sliows that the
from exhausted, as
many
In .Tanuary and February com-
sible (or the present
rary in
its
ChesnpeaTce
first
time
liowover,
in
is
loss
in
earnings can only be temjw-
nature.
<{:
Ohio, in its
many months
March
exhibit,
shows for
tho.
a falling off in earnings, which,-
an apparent decrease only,
since,
according to
tha;.
.
Mat
.
.
THE CHRONICLE.
17, 1884.1
5b3
Company, the figures last year includwi $66,000 in this and loans were Bubeoquontly made at aa high aa 3 p«r e«n(
one month on account of certain itern« which should roally preniiiiin, and even then the Ncrutiny of ««curitiea offured
Hanks wholly declined to allow tb«ir
have been distributod over a nun\bor of niontlis. Tlio was very close.
steadily
increasing
been
for
draw
Ijoyond their rlu^toBita, and refua«d to
have
cuatomors
to
Company's earnings
March
last
year
recorded
in
thomselveH
to
be placed in a poaition where they
total
permit
the
but
several years past,
the
fact
that
while,
in
as
would
be
obliged
to
make
forced loano in order to protect
seen
This
is
gain.
unu.sual
an
compared with ISS'.i, not e.Khibit a falling off of $'.^3,000, over drafts. Large amounts of money were also taken
as compared with March, 1882, there is an increase of from the banks by individuals who were apprehensive of
over $67,000. How decided the growth has been since the safety of their deposits, and the institutions were
1881, is shown in the following statement, covering March necessarily obliged to call in loans, and could not be
and the
first
expected
quarter, for lour years
to discount
and then only
March.
1884.
1883.
1882.
313.543
216,153
337,795
216,009
215,441
185,501
22H.481
228,103
97,!180
120,836
29,943
378
860,236
630.214
843,211
621,294
603,243
."ioiise
575,410
550,052
221.917
102.037
I9I358
1881.
OperattuK expenses
..
.
Net eamlngB.
January
I
to
March
31.
OroflB curiunjrs
UponUiiiK e-xponses
Ni't
230.032
carnlpgB.
From this we see
that for the
first
except u^ion the very beet securities,,
quarter of the year both
rate was ^ of 1
day a further improvement took
collateral being effected
at interior points
dition
place, loans
have been deranged by the existing
per $1,000 premium, and Chicago being nominally 80 centa
per $1,000 discount against 60 cents premium.
bank
the improvements and extensions
directly
due
to
failures
and the disturbed
New
collected
by
us,
exhibiting the
Theeeratea
York, due to the
credit,
and
this is oon.
made up from
firmed by the following statement,
returns
week's receipts and ship-
have been made ments of gold and currency by the
that
and the companies connected or allied with it,
and it should be understood that the Chesapeake & Ohio's
position to-day is vastly different from what it was after
Then it was practically without any
the crisis of 1873.
both by
con-"
Louis falling to par against 90 cenU
of affairs, St.
While in
has been no break in the upward movement.
1881 the net were scarcely more than nominal, in 1884
is
on exceptional
The exchanges
at 4 per cent.
indicate a calling of balances from
The gain
little
money on Thursday, when the highest
per cent premium and interest, and yester
gross and net are larger than ever before, and that there
they reached over $230,000.
There was a
moderate extent.
bettor supply of
$
QroM ourningg
to a
New York
banks.
it
Wttk EnMnt May
Baeeimd Ml
N.r. Ba«k$.
16, 1884.
Gain. 1^73,000
»i,a2s.ooo
ti.4ge.OOO
Gold
Total gold and legal tenders
SttliUtnor
SMpp«It>v
r. Bon*..
AT.
$2,498,000
•1,780.000
Lob*. 1,780.000
tS.«09.000
LosMl.10T.00S
Western connections, while now, by means of the Elizabeth* Inclndes ^1.530.000 transferred in the sliape of silver ccrtlHcate*.
town Lexington & Big Sandy, the Koiitucky Central, and
by a deposit of gold In the Sub-Treasury.
the Chesapeake Ohio & Southwestern, it has direct outlets
The above shows the actual changes in the bank holdings
to Louisville, Cincinnati, Cairo, and Memphis, and on the of gold and currency caused by this movement to and from
opening of the railroad between Memphis and New Orleans, the interior. In addition to that movement, the banks
now Hearing completion, will have a continuous line all the have gained $1,500,000 through the operations of the Sub-
way
&
to the
Crescent City. Further the Louisville Evansville
it an excellent route to St. Louis, while
Treasury.
Adding
that item, therefore, to the above,
we
Louis affords
have the following, which should indicate the total gain to
Mr. Huntington's affiliations with the Scioto Valley and the the N. Y. Clearing House banks of gold and currency for
Cincinnati Indianapolis St. Louis & Chicago place the road the week covered by the balnk statement to be issued toin an exceptionally good position for grain traffic to the day.
It should be said that, owing to the fact that large
seaboard from the sections in the Ohio Valley. As is amounts of money have been drawn out of bank by indiinstitutions as
known, in the recent construction of large elevators, &c., viduals through fear, and by savings
against unusual demands, the"
measure
precautionary
a
at Newport News, the company has supplied itself with
showing will very probably be much less favorable than
It should
special facilities for handling this kind of traffic.
here indicated.
be said that the company does not yet have to meet full
St.
interest
on aU
its
we
debts, but
notice that the total net
earnings for the last year were $1,306,858, while the actual
cash Hability for 1884 is estimated at only $1,279,260,
showing that net no
than in
lai-ger
1
883 would enable
to
it
ITMk .ending Ifav
16. 1884.
Banka* Interior MoTOment.aa
3at>-Trea«. operations
-
in
Outo/ Bank!
t2.49S,000
l.SOO.OOO
13,605,000
Loss.«l,107.000
Gain. 1.800,000
t3.g0a.O0O
(ialn.
above
Total gold and legal tenders.
MM OkaiifS
Into Bank*.
13,998.000
.
I
Bank BabUnfS.
»!«3.000
There was a flurry in Government bonds on Thursday
take care of all its interest liabilities.
by comparatively liberal offerings of the 4 and i\
caused
The following shows relative prices of leading bonds
This movement was
per cents in the absence of demand.
and stocks in London and New York at the opening variously interpreted, but it was not until late in the aftereach day.
noon that the fact appeared that it was due to the erabat^
rassment of Fisk & Hatch who are large holders of these
16.
Mav
May
12.
Mav
IS.
May
JlfovlS.
14.
sGCiiritics.
AM.
London
Lotul'n
N.r. \hmd'n N.r.
Lond't,
Df.r.
prices, [price*.* prierr. pricM.* firicea,\prict».* pricef. price*.* prices.
•,22-74
U.S.is.P.
liZH
122-74
Brie
SJ con.'
I
147t
B9-65
Ul.Cent.' 124-09
C
US
!
UH
O-i^i
128^
i
I
:
122«
122-87
ia3W
120-291
112-81
112
112-93
112-«
111-49
14-71
UH
63
15-oa
63-20
02
ISI«
12136
121
109
108-94
109
»4
16-74+
33
'22W
I12«
14 34
14!.<
13-97
e«-54
et)
(M-S7
l-:4-09
120 90
124
N.T.
lU-M iiaji] uo-n 110
Reading 18-02-t 3BJ4 17-I6t 34
Ont.W'n
9«
76-02
79
St. Paul.! 8019
75M
47
4794 47)4
Can.Pac.' 4S43
119
122-74
112-81
i
U.S.4Xs.[ 112-U3
107-91
17-04+
63
68-53
) 21-76
121«
109K 1C6-19
34«
16-43t
SH
1
3 32
45-78
7<H
4.7
06H
t
:4«
9«
9
05-48
42-61
63
45
6g-s0
40-4S
67M
of England reports a loss of £372,000 bullion.
This represents £243,000 received from abroad
and £615,000 sent to the interior. The Bank of France,
shows a gain of 6,334,000 francs gold and of 257,000
The Bank
this week.
infrancs silver, and the I^ank of Germany reports an
the
indicates
following
The
marks.
4,490,000
crease of
amount of bullion in the principal European banks this
week and at the corresponding date last year.
OH
May
Kxoh'ire,'
CBblPR.
*
I
i-BOU
'
BOK
Expn-sseil in their New York rquivaltnt.
; Bid.
Reii<liu« on busis of $50. par value.
t-90X
5
Ex
Gold,
»8f>t
Interest.
Bank of England
Money on call did. not become fairly active until Bank
of France
Wednesday. Then, on the news of the failure of the Bank of Germany
Metropolitan Bank, the rate suddcdly advanced from 5
per cent per
annum
to
1
per cent premium and interest.
15. 1884.
May
17, ISSa.
«</Mr.
a<M.
SilMT.
«
*
M
19.8.\7,810
24.053.961
41,149.005 40.231.243 40.359.152 41, 930.684
7.662.750 22,983,350 7,831,250 23,493.750
73.765.716 63,219,493 6ir04F.2l2 65.4Se.43«L
Total this week
63,040,723 68,581.702 65.203.7OT
73,827.825
....
week
previous
Total
.
1
THE CHRONICLE.
o8l
rvoL.
xxxvm.
summary, prepared from the figures pubhshed by us after
Office paid $42,588 tlirougli the Sub-Treasdomestic bullion daring the week, and the each return of the National Banks since 1880.
I'ho
Assistant Treasurer received the following from the detailed report for March 7, 1884, was given in the
Custom House.
Chronicle last week, page 568.
The Assay
for
Tiry
Consisting oj/)ec.31,'e0
Duties.
Date.
17.
Oold.
May
"
9...
10...
"
12...
"
13...
14...
15...
"
"
Total
..
$251,361
312.503
287,870
442,517
395,877
437,193
Notes.
$J,000
3,000
16.000
7,000
11,000
18,000
89
39
38
23
89
14
Oold
Silver Cer-
Certiflc's.
tificates.
S.
$33,000
15S.000
106,000
264,000
190,000
24«,000
J47,000
34,000
39,000
59,000
64,000
67,000
$59,000 $310,00r) 1.017,000
$2,127,623 91
Dec.* 31,
'81
'
/>fC.30,'«3 Boc.Sl,
'3.1
Jfiir. 7, '+1
c
$117,000
117,000
127,000
112,000
130.000
107,000
^
1
5
k
«!1
(1)
NewEnglana
850 103-6
656 166-0
560 168-2,
B66 167-8
563|167-S
(3
Eastern Middle...
001 IM-l
613 155-8
6S1
156-11
659 158-3
000,15S-r,
(8)
Southern Middle...
21-6
99
(t)
Honthern
(.'))
Western
00
81'0
140
261
153 27
615
63-4
631
154
17-2'j
14
25
22-2
104
22-8
103
175
20-7|
214
33-5
218 34-3
71-2
650
70-5'
593
88-Oj
6O7' 88-8
172
18-8
232
23-1
807
31-8!
32D, 33-6
3'7;
16
3-8
19
4-2
34
4-0
36
2'1
30
2-6
43
8-9i
62
47
54I
04
,$710.f>'
22-a
I
Middle....
I
0» Western
BANK GROWTH, A FEATURE OF THE
TIMES.
(7) Paolfla
>
(S)
The irregularities developed the past ten days in
some of our financial institutions and the prevailing
disposition to interpret the disturbance in Wall Street
indicating widespread
as
Other Western
Total
all...
.
6-0
I
2,005 4565: 2,104 406-2 2,308 484-91 2,529
I
oH'S 2.503
4-9
515-7
ly
For tlio names of the States ooTerod by eacli of the above divisions SCO CiiROSici.E of last week, page 508.
insolvency, suggest an inquiry
Here -we find, instead of a loss in number and capital of
number, and banks, as in 1876 and subsequently, that there has been a
capital of our national banks.
Not a week passes but steady growth in both particulars since 1880.
Thus,
the C'omptroller gives notice of new organizations, some, whatever has been the depression e.xisting in our industries,
times many in number, although one might reasonably it appears neither so great nor so universal as to liave
expect a shrinkage in banking capital at i^eriods of business checked enterprise in this direction. More than that, the
the changes
as to
At
depression.
taking
least, as
place
in
the
there is during such a season less
growth in both number and capital which since ISSO has
been in progress, is quite marvelous, the total additions
ditions do not seem favorable for growth in banking facilities.
since December of that year having been 468 in number,
Thus in 1876 the March report to the Comptroller showed or a growth of 22-34 per cent, and about 57:^ million dol2, 07 6 organizations under the national law, with 504^ million lars in capital, or nearly 1
If wo analyze the
2^^ p(jr cent.
dollars capital
from that date to 1880 the shrinkage was changes which have occurred in the various divisions or secconstant, the report of September 1, 1879, giving only 2,045 tions of the country, we find the results even more remark,
banks, with 455 million di)llars capital, and that of Mai-ch able. As for instance in the East (covered by the first
1, 1880, giving one more (2,046), but with only 454 millions three of above divisions) and in the older Western States
enterprise and a loss
demand
for the use of money, the con-
;
capital.
In
(covered
this
we
was not only no
an actual loss of
there
tration,
commercial pros- progress,
growth in banking Western
see that during four years of
by
it
the
division) although
fifth
has been moderate
;
there has been
wliereas in the Southern,
where banking cap
banks in number ital
very
is
was
really
needed,
the
growth
and of 50 millions of capital. It should be remembered decided.
Thus, during the period in question, the
also that this retrogression occurred, although in tlioso Southern States (division
4) have added nearly a half to
times the margin of profit on circulation was compara- the number of their banks (49-31 per cent), and 31 03 per
facilities,
but
tively large.
That
is.
selling at
much
late years, the 4^s closing at 108]^
in 1876, at 103|- in 1877, at 104f in 1878, and at lOCf in
1879, while the 4s wore during much of the time from July
1877
to
Pacific
States,
.SO
Governments were
lower prices then than of
and
1880 only a fraction a^ove par.
This shows
cent to their capital
;
the AYestern States (division 6) have
more than doubled the number
being 111-04 per
8)
cent),
show an increase
of their
banks (the iucrease
while the other Western (division
of
IIGOO per cent
the Pacific States (division 7) 157-14
in
number, and
per cent.
To
indi.
enough the much larger profit the banks in those cate the actual development in the various parts of the
years secured on note issues than now, and consequ- country we have prepared the following, which shows the
ently how much greater inducement that particular per cent of increase from December, 1880, to March, 1884i
feature offered for the continuation of the old organizations in each section, both in number and capital.
and for the formation of new ones. In fact, notwithIncrease in Capital.
Iticreasein Number.
Since December, 1880.
standing the contraction in bank cai:)ital the aggregate
1-33 per cent.
3-27 per cent.
circulation did increase during the period in question, it (1) New Kngliind
2-66 per cent.
9-82 per cent.
being reported at 292 millions in the December report of (2) Kastern Middle
16-67 per cent.
905 percent.
(3) Southern Middle
31-03 pcrcoQt.
49-31 percent.
1876, at 299 millions December 1877, at 303 millions
29-82 per cent.
15-92 per cent.
December 1878, and at 321 millions December 1879 all (5) Western Middle
95-35 per cent.
111-04 per cent.
(6) Western
of which only illustrates the decided advantage which at (7) Paclllc
35 14 per cent.
157-14 per cent.
133-33 percent.
116 00 per cent.
that time must liave been derived from note issues to (8) Other Western
12-48 per cent.
22-34 per cent.
The -whole country.
induce such an increase of circulation concurrently with
such a large decrease of capital.
further, but
carried
instructively
be
might
This analysis
These statements have a present interest, because of the enough has been said to indicate that instead of a retrostrong contrast they furnish with similar statements now. grade movement as in 1876 and subsequently, there has been
clearly
;
.
Many
a
a very rapid development of the na tional banking system since
desperate one, and seek to draw analogies between the sur.
roundings of to-day and those existing in the years prior to
the resumption of specie payments.
It seems to us quite
1880, and that the agricultural States, where there were but
few banks before, have mainly contributed to the growth. Of
course, it is evident from the facts given, that the new
impossible to draw any such analogy, the conditions being in
institutions are generally of small capital, the average of all
try to think that
the country's present situation
is
many particulars unlike, as we have often pointed out.
The liistory of bank development furnishes an addi.
80
tional proof
of
this,
as will
be found
in
the following
tlie
additions being only §122,000, while in the Pacific States
the average of
new banks
reaches only $59,000.
be of interest to note the actual condition in
It will
this particular.
May
and how
si'o
THE
17. 1884.J
how
it.
poinpnrt>s with
fornior
(;inM)Ni('i,i;
ihii.s
isMn'iv
ilyvelopincnt
I'lrciiiii
nvorngos, as w»i
natural and apparently houlthful
tlui
'ind precedent,
liDWH
A
For that purpose wo havo prepared tho follow- tlons.
post;
from tho totals given in tho first of above tables.
lias boon.
inf?
it
thorn
AVKnAOB CiUMTAL Or—
DlVWlONrt.
All Bankii In
All nmiA'it in
esiKlnite
rxisleticc
Dec. 30, 1880. iliirch 7,
New
(1)
$301,000
257,000
233,000
179,000
133,000
111,000
264,000
84.000
Kiijtlnnil
(J) Kiixtirii Mlilillu...
(3) Soiillici'UMiildle.
(4) Soiitlioi'ii
(6) WcsliTii Middle..
(0)
Wustern
(7) Piictllc
(8)
Olhor Western
Totiil
Wo
...
whole country.
$210,000
1884
;')H5
is
growth
and favoi;..^
f'leiirly,
an urgent
ni'tid
'
bank cnnnot be wa np »nywhnro
likn
it
<
1
a development, not a manufacture.
And 1/
such a natural developmont, thn ronchwion forcctt
is
upon every tlioiightftil mind that the time* are not hy
any means so badly out of joint an tho wwiiaomo croakers
Would have us believe.
itself
tfea llankii
formril from
Dee. 30. '80, to
UareK
7, 18-11.
if'ji>s,o()0
$I2'J.li0<l
240.000
218,000
137,000
149,000
103,000
139,000
01,000
70.000
1 '.'7,(100
113,0(10
249,000
00,000
59,000
97,000
$201,000-
$122,000
should not omit to mention that the growth in
capital of our National Banks which we have
OREGON RAILWAY
NAV/OAT/Oy COMPANY'S EARNINGS AND INCOME.
,(:
Oregon Railway
Tlie
recently reduced
annum
iwr
&
Company having
NavigBtion
quarterly dividends from 10 per cent
to 8 per cent, and then to
ix«r cent, itii figiimK
\[»
and net earnings (the montldy publication of \vl,i ii
has lately been resumed) possess more than tho ordinary
amount of interest. This company, as our readers know,
of gross
was the first of the enterprises with which Mr. Villard'i*
some measure assisted by name became associatetl, and from tho outset enjoyed »
legislation.
That is to say, were it not that tho law had very prosperous career. It, moreover, gave character to
been changed in some particulars, the additions would most all of his subsequent ventures. During tho last two yearB
likely have been less numerous.
This does not apply to tho the nature of its busintsss has undergone very decided
jwriod prior to July, 188'2, when the additions had already changes.
Formerly tho bulk of profits were derived from
reached 144 in number and 17 millions in capital. At tliat the river lines, now they are chiefly earned on the rail-
number and
boon remarking upon has been
date Congress provided (Sec. 8 of law approved July 1 '2,
1882) that National Banks of $1,50,000 or less capital need
not tliereafter keep on deposit with the Treasurer, United
States bonds in excess of onS fourth of their capital; before
that date, they wero
required to keep an amount equal to
As bonds had risen
one-thii-d tlieir capital.
that there was
little
.
in
to so high a
[tricci
or no profit on circulation, this provision
road
em
With
lines.
Pacific all the
the opening, last autumn, of tho North-
way through, a
further modification took
and despite the fact that the latter company has to
use tho Oregon road for an outlet to tho Pacific Coast,
there wero not a few who predicted unfavorable results to
place,
follow, claiming that henceforth its career
ward.
Sufficient time has
now
must be down-
elapsed to allow us to see
whether these fears were well grounded.
The company's fiscal year lH3gins with tho first of July,
greater advantage, was that in the ,same law the three per
cent bonds were authorized which gave the opportunity of so that only about six weeks remain to complete the cur-
was
clearly of
advantage.
But what made
it
of even
securing a bond at par for banking business which would
not be paid until after all other bonds payable at the pleas-
rent twelve months' period.
ure of the United States should be redeemed.
These now features and exemptions undoubtedly
j(the figures for
facili-
the formation of banks, but even with them tho
situation was not so favorable in regard to circulation as
tated
in
1876 and subsequent years.
we have
ten months
The
each.
to the end of April
April of course being approximate). These
may be
first
divided into periods of three months
three months to tho end of
covers the
September, when the company's business was as yet unaffected by the completion of the Northern Pacific.
The
second covei-s the three montlis to tho end of December,
In other words the changes
removed the obstructions to growth wliich tlie
rapid advance in Government bonds had interposed since when the Northern
simply
1S80 began, but did not restore former inducements.
Of
a different character was the repeal of the taxes on bank
before the severe
and deposits of March 1883. But that relief could
not have been of any influence in stimulating tlio new
development of the system, except during the last six or
eight months, and even during that time unfavorable
circumstances have developed which to a considerable
extent have neutralized that advantage.
AVe refer to the
during
capital
further advance in
in and
payment of
Government bonds and the rapid
tlie
3 per cents; incidents whicli
only deprived the banks of
also either
made
rendered the
life
a large
of the
all
profit
on note
calling
have not
issues,
but
premium account necessary or
bond which is the basis of the
Of the time already passed,
returns for the ten months
third
covers
the
whicli
tation existed
of
In the fourth period
winter.
April,
many
by reason
when
traffic
the
a standstill
— and
premium on bonds as well as the
makes investment in them not at
we
to
transpor-
unusual severity of the
have placed tlie month of
improve results. Tho following are the gross and net
earnings for the ten months so arranged.
It is important
that such division
because only
figures
in that
of the ten months should be made,
way can wo
and determine the
correctly interpret tlie
effects of the
new
Orom Earningi.
Ferioo.
18S3-81.
Tntat 9 montlis.
April
Total lOraonthi
is
at
national banks are multiplying, as
never before, the capital seeking employment
end of March,
when also the gold excitement in the
Coeur d'Alene mines in Idaho tendotl to swell business and
3s,
enterprise in almost every direction
yet,
The
in.
operations were again conducted with
,
all inviting, wliile
and
set
obstructions
many, of tho features which distinguish this period of 1st 3uio»., July.AiiR.BndSept, 1,5.S.'S.473
2a 3 mug (jct.. Nuv. and Dec 1,IJ83,981
business depression from its predcccssora.
Exchanges are
First elx montlis flscal.vPBr. 3.239,454
inactive, interest has been decidedly low, profit on circulation 3d 3 mos. ,Ian., Feb. aud'Mar,
917.379
utterly gone, the high
the
operation,
greater freedom, and
Altogether, then, we find no reason for qualifying our
remarks made above with regard to the inference to be
drawn from tho rapid increase in banks. It is one, among
is
to
full
had
condition of
things.
circulation very uncertain.
rapid payment of the
in
weather
mouths
three
time
was
Pacific
winter
in tliat field
We
1882-83.
Vet EamlHift.
1883-84.
1882-83.
$
$
1,477,272
1.273,671
sii<,;ioi
7« 3,400
817,064
603.243
2,7.10.943
1,069,(179
1,.'•.8.'.TOl'l.
255,ly,',
422.327
439,3i)l
4.1.'S6.833 3,820.(122 1,837.809 1,881.718
432.600
8u9,«»0
171.90(1
178,807
'4,580.433 1,210,912 2,Ol«,790;2,OeO,3S&
here see that for tho whole period there is qnite a
material increase in gross earnings, but that net are some
.
.
THE CHRONICLE.
586
$51,000 behind the corresponding period of a year ago.
This, of course, shows that the property has not been so
cheaply operated this year, and
a larger proportion of
if
the company's business has been through business, handled
In the
la3t fiscal
$1,584,000, so that
If
we add
year the amount paid for dividends was
we have here an increase of $306,000.
the $72,000 on account of the Northern Pacific
we
terminal bonds,
get a total increased requirement of
But has $378,000. The decrease of net
the decrease in net been uniform through the ten months, and months we have above shown to be
have the gross increased in even degree ? The above divi- make the total loss as compared
We find that during $429,000—this on the supposition
sion of the figures tells the story.
at lower rates, that
is
not
difficult to
understand.
months the result was not materially different from what it had been in the same time of the previous
fiscal year.
That is, before the Northern Pacific was
open for business, the Oregon Navigation was just about
In the second three months there was a
holding its own.
decided increase in both gross and net, amounting to
$410,310 in the former and $158,157 in the latter, thus
offering positive proof that the Northern Pacific was not
hurting the Oregon company, but rather adding to its
In the next three months, however, there was
business.
quite a falling oS in gross, and a still larger falling off in
The company never has very heavy earnings during
net.
these winter months, but this winter they were even less
than usual. It is easy to understand the reason from what
the
first
three
we have
said above.
vorable,
and
As
as in that year.
$51,000, which would
that the company's earnings
1882-83 about
with
that
against this
a surplus of $226,284.
stated,
earnings for the ten
all
other items, as
and payments,
well as miscellaneous receipts
same
XXXVm.
[Vol.
loss,
Hence,
it
will
be the
there was, as
would appear
about $200,000 short of
fall
the $1,890,000 which
it has paid out for dividends, and it
have to gain that much during the next two months
over the same two months of 1883 to meet the amount in
will
Veiy likely it will make sonie gain in this period,
and possibly some of the minor items of payments say
rentals
may be less, which would further diminish the
deficit.
But in the absence of both these contingencies,
the company has, of course, the surplus of previous years
to fall back on, and we notice that the amount to the credit
of profit and loss on June 30, 1888, was $2,263,856.
The foregoing analysis brings out two features about
The weather was exceptionally unfa- the Oregon Railway & Navigation Company that are
reduce earnings, while at the
this opei-ated to
full.
—
—
deserving of notice.
new managers
In the
place, it
fii-st
shows that the
company took a very conservative
of the
same time increasing expenses. The Northern Pacific line step in reducing dividends from 1 per cent to 6 per cent.
is in no way responsible for the loss. In fact, that line during It is now admitted by the best friends of the concern that
these months experienced the same unfavorable conditions. it was a mistake ever to have raised the rate to 10 per
In April most of the obstructions to traffic operations were cent. The property was doing well, and its future was
reasonably well assured, but Mr. Villard took an over
removed, though we do not know that they all were, so
sanguine view of the prospects.
In the second place, we
find that, as far as can be judged from the immediate past,
however, about !§7,000 smaller. The result is, that for the there is nothing to justify tlie fear that the property will
ten montlis net earnings are now, as already said, about lose its earning capacity through the completion of the
Northern Pacific. Further, the company clearly appears
$51,000 behind 1882-3.
to be earning the 6 per cent dividend now being paid. On
But in what position does this loss of $51,000 leave the
the basis of
per cent, the requirement is only $1,440,000,
company ?
may take all other items of receipts and against the .$1,890,-000 actually paid out, a saving of
payments tlie same as in the previous fiscal year, and $450,000, which is amply sufficient to wipe out the deficit
allow only for the increase in fixed charges and in the shown and leave a handsome balance besides.
:
an increase, with
the gross earnings again exhibit
net,
We
requirements for dividends.
In that year the company
I|ilouctary[g®aiuittcrctal ^ugltslt i^cnjs
had a surplus of $226,284 above interest, taxes, rentals
and other charges of every description, including divi RATES OF EXCHANGE AT LONDON AND ON LONDON
dends on the stock. This therefore is the margin that
AT LATEST DATES.
remains to be exhausted on the basis of that year's operaEtOBANQE AT LOHDON-itay 2 BZOHAlfOE 0!f LOPinOS.
tions.
The company has lately negotiated three millions
Latest
of debentures (the proceeds to be used
in
Baker City extension to a connection with the Oregon
Short Line), but as the bonds were not issued till April,
and the coupon periods are April and October, we presume
that
portion of the interest on the
)io
the piesent
fiscal year.
holding, as
it
Pacifiv;
On
the
same
will
other hand, the
does, 40 per cent of the stock of the
Terminal Company
will
count in
company
Northern
have to contribute a
like
$3,000,000 of terminal bonds which that company has put
out.
That would call for $72,000. Then, besides, the
for dividends will be heavier.
whereas
in the previous
year
it
The stock is 24 millions,
was only 1 8 millions, and
larger dividends have been paid on
the
same.
.
<mpter<'.aTii
Hamburg
.
All the
ZHM9 asgHs
920-64
20-i;0 ®20-64
12-2.5
©12-30
25-38%»25-433i
2.5-35
»25-4
'*
20-60
4i
«'
Vienna
«
Antwerp
Paris
Paris
Checks
•*
*'
•»
Cadiz
Uslum
•'
Alexandria..
Constanl'ple
.Vew York...
Bombav
..
..
Calcutta ..
fTong Konsr..
SUanglial ..
2,5-1.5
«2.5-20
it is
easy
are August, November, February, and May.
cent,
and
in
2i-
May
millions stock
what
The dividend periods
the call for this purpose has been.
former periods
to figure
In the two
per cent was paid, in February 2 per
The full amount of the 24
1^ per cent.
had not been issued
at the
August payment,
so the charge will be as follows.
21a i>er cent. 18 millions stoolt
I. 'JI2 p r cmii, 24 millionsstock
pir cent. 24 mil 1 .iii» htoo.k
1,
IH; per cent, .:4 luillions stock
Aii!rii'<t 1.
$4r-in,onn
(iOO.i'OO
Korember
FebniHiy
May
i,
•-'
Total for the year
-
4So,0.
3(iO,i
co
$1 ,890,000
Short
Ma.y
20-4114
20-42
May
20 40
May
May
52ii(i»o-3j6
12-14
.May
May
May
Checks
2.5 17-lj
May
3 mos.
25--'l
3 mos.
47-30
May
3 mos.
6Z
May
Cables.
2.5-21
24ii
....
....
Ondem
Is.
Is.
7«id.
7%d.
Ma.v
May
May
4 mos.
May
....
I
?rom our o»ra
4-8t)%
Is. 7253jd.
IR. 72;i32d.
3S. i- «SJ.
58. \\ii.
oorresponrtent. J
London, Saturday, May
dividends that will come out of the present year's income,
have already been declared, so
Rate.
1204
May
2liin®243j„
25-41'4a25-46'<
May
4ti38*46'a
4638 3I461.J
.May
Petersb'g 3 mos.
Genoa
Time.
Short.
Date.
Short. 120''8 ®12-1''9
3 ni03. 12314 «12-3^
.
Berliu
Frankfort...
St.
Rait.
Tiine.
imsteraam
Madrid
proportionate share towards meeting the interest on the
call
(hi-
completing the
3,
1884.
The money market during the past week lias been very easy!
still, an impression prevails that the lowest point has been
readied, and was thought a most satisfactory feature,
indicating a tendency to improvement. The apparent check
to a downward movement has not arisen, lioweTer, out of any
improved commercial or financial demand for accommodations but to the diversion of the American supplies of gold to
the Continent. For some time past money ha.s been dearer
abroad tlian it is here, and the movement in gold has not,
If the Continental demand
therefore, occasioned any surprise.
has been Ijrought about by renewed activity in commercial and
financial circles, the feature is an important one, and yet it is
to be apprehended that the
new Russian
loan Jias been the lead-
:
.
May
:
TIIK ciinoNicr.K
lfl84.
17,
ing ouuHi' of tlii> imniii V wliirh Im-i ai i-^on, "Die fiupply o(
held liy tlie Bank of KiiKlnntl is now larpfe, but not oxccHHivei.
It amounta to £S5,n35,90-J, apiinst £2I,010,H77 liutt year. hIiowIn 1880, however, if was
inff nn increnao of about £4,250,000.
afl much ns £37,088,883 and in 1881 £2fl,2r)0,50ff.
Tlio«<i Hup.
plies wefe above our requirements, and indicated a very Indlf.
forent condition of thinpps. The present reserve amounta to
£l,'),;i2.'),C07, against £10,491,158 in 188.3; wliile the proportion
of reserve to liabilities is 48'09 per cent, against 34 per cent in
1883.
In a brief period more demand for money will, it is
expected, arise. The autumn trade in goods for export will
r)>ii
'.•'eh«»»
I
;
taken into consideration, and though it may, and will,
no doubt, be conducted with caution, yet some increase of
btisiness may not unnaturally bo looked forward to.
.So far ae
is known at present th^ crops promise well, but it is early yet
to be confident.
soon
l>e
The
Bank
of England have made no change
in their published rate of discount, which remains, therefore,
at 23^ per cent. Some were of opinion that a reduction to 2
per cent would Ix; made, but as very little gold has accumudirectors of the
Bank during the week, and an there is now a demand for gold in connection with the .Scotch " term" payments,
no reduction was made. Money for short periods is almost
lated at the
unlendable, and the rates of discount are very easy. To-day
is practically the " fourtli" of the month in the commercial and
financial world, as the bills maturing to-morrow have to be
Not much effect has, however, been produced,
though rather more firmness is apparent.
The following are the quotations for money and the interest
allowed by the discount houses to-day and same day of the
previous five weeks
met
to-day.
Open market
Interet oBowei
for iepostti by
rates.
.
1
London
1
Aink
DtSCt fTM.
Joint
At TtoU
Pour
Three
Six
Three
Four
Six
Stock
Montlu Montlu Months Months Months' Months Banks. Can. Days.
'
1"
Mar. 28
Apr. 4 2« 2
'•
11
"
•'
Msy
18
85
2
2M<S3M3 ®4
2M32M'2>«33
®- 8
The following return shows the present
2
2
m
IM
a - 2H» - 2M®2« 2H&SH 2«®3H
2^ ana- 2>«»3» aii@9< m9SH2H<a3M2H&iU
2^ i««
1J*» - a 98X2 »2M'2H^SH2H&3H
2W i«a- IM® - :«9 -|iHa2W|2 ®2«;2«a8
2H IMSIM 1%» - 1«9 -^'iWsaH^ 92«!2>,i®.>J
1«
1«
1«
2M-21<
Hi IX-IX
1« I«-l«
1« 1«-1«
IM-IX
1
Ilj<-1M
1
1
the
position of
Bank
of England, the Bank rate of discount, the price of
consols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair 2d quality,
and the Clearing House return
with previous years
for the past week,
compared
:
1884.
£
25.7.J0.285
7.174,:tU
24.'2i.'>,37.3
12.43«.i02
Other securities
21.481.963
Ees'vc of notes ck coin 15,325,617
Coin aud bullion In
both depiH-tiuente.. 25,325,902
Proportion of reserve
25,541.910
6,410.243
23,.i33.223
14.331. .417
23,61.^,319
23.3.i9,it72
10,491,152
12.481.018
6.451.032
24.751,827
15.689 3-19
18,317.119
15.078.444
21,010,877 23,272 928
26 23C,&0J
Eng. wticat, av. price
Mid. Upland cotton ..
13.394.2
26,927.06.>
43
43
3
3 p. 0.
102 >4
•
1:{
2,).7-(-<,H96
31
ZHip. 0.
lOlij
37S. 2 1.
Consols
£
S
26.26 1.72.'>
7,03).850
4809
to liabilities
1881.
1882.
18^3.
£
Circulation
Public deposits
Other deposits
Governiii't securities
Mexican Dollan.- Canaripinnt on lar^o ptirrhaww nn Fr»neh an
cT "rnrn" v.nii rll«ji<,«,.d (if ,11 r.OcT |H r o«. alnre Oirn. Iii>w«t«r,
II,
Kb bu allvrr. and «fi jrtT*
fullrl" fri/in Hrw fork
1,.
fjtf- rcilti
;
,
t
...
The qupUliot
a for bulli
PrUeaf
ifay
•.
1.
d.Ain.doablooiu.o«.
0.8. Kaldooln...ni.
a«r. Kold ooln...<w.
n
W
Mmt
4.
«.
1.
77
•
BarallT«r.an«..a«.
BarallTar.eonlala-
T7 \mi
78 9^
78 »H
76 SM
m
8K
•»
rrmmfMMP.
^pr.S4.
4.
Bar Kold. an«....ot. T7
S
Bar (oM. oontalo'ii
SO ilwta. llTar..oi. T7 lOM
Span. doabloons.oi. 78
M followa:
1
:!.
'.
lii«S(n.(oM..<M.
Caka allrw
...iw.
M*xleaa«oli...(M.
U
ft!
An- M.
1.
4.
l»l« 91
Sl«
MM
mt
BtM
H
«n(
Cliniaadol*..,..a«.
_.
On
the Stock Exchange, a prominent feature haa been that
the proposals made by the Chancellor of the Exchequer to
lower the rate of interest on consols from 8 to 8}^ per omt
has led to a fall in the price of consols and to a decided increase in the value of the 2% per cents, as well as of Indian
railway. Municipal Government bonds, and the debentures or
preference stocks of our leading railway undertakings. ThJa
was to be quite expected, but the relapse in conaola baa not
l)een serious.
The cheapness of money has led to the introduction of
new loans, most of which possess attractive feattires.
Prominent among them is a loan for the Metropolitan Board
of Works for £1,900,000 in a three per cent stock. The minimum price at which tenders will be accepted is £97 lOs. per
£100, and the loan is to be secured upon the rates of the metropolitan area. The widening of streets and other improvements are the objects for which the additional capital is
several
required.
Treuie BUIt.
BUls.
<i.iv
It
2's
p. c.
46s. lid.
6ili6d.
42h. Od.
53,d.
i>.
c
102^
44- 9u
l(>15i
.M6,«d
63,|,d.
lo^d.
lOd
No. 40 mule twist....
lOd.
9%d.
Cleartait-House ret'n. 122.768,000 131,094.000 147,370.000 1 11.371,000
Subscriptions are also invited to a Tasmanian loan for
£800,000 in 4 per cent bonds, the minimum price at which
tenders will be accepted, being 98 per cent. The money is
required to extend the railway system.
A loan has been introduced by Messrs. C. de Murietta Co.
for £.385,000 for the Northern Colonies Railway of Sante Fe in
5 per cent mortgage bonds. The price of issue is £80 lOs. per
&
cent.
The Oriental Bank Corporation, limited, which has for soma
time past been an undertaking struggling against losses, haa 9t
length succumbed. It long held a high position, but disaster
seems to have been succeeded by disaster.
We have had some genial weather during the past week, and
a fair quantity of rain has fallen, which has been productive
of much good. On the Continent similar weather has prevailed, and the crop prospects are regardecl as satisfactory.
With larger supplies advised from the United States, especially
of flour, the trade in this country has been very quiets bat
there has been no important relapse in prices. The tendency,
however, is in buyers' favor. As the supplies of home-grown
produce must now fall away, an augmented consumption of
foreign wheat may be looked forward to. The supplies of
wheat and flour afloat to the United Kingdom have increased
to a moderate extent. The following are the particulars
:
Last wee':.
1,860.000
235,0U0
117,000
At present.
LatI year.
2,276,000
244.000
253.000
1882.
2,479,000
22J,0O0
211,000
The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three weeks
Wheat
have been as follows:
The following return shows the extent of the sales of homegrown wheat, barley and oats in the 187 principal markets of
England and Wales during the first 3.5 weeks of the season,
together with the average prices realized, compared with 160
weeks in previous seasons
Mavl.
Rates of
Tnttrtttat
Bank
Rate.
.4pr . 24.
Open
Bank Open
Market Rot*. Martef
Apr
Bank
Bate.
17.
Open
Market
^pr. 10.
Bank Open
BaU. Market
Flour
Indian
qrs. 1,963,000
21)7000
152.000
com
:
Parla
Berlin..
8
2«
8
8
4
S
3
4
4
Frankfort
HambiUK
Anuterdam
S
s«
3
Madrid
St.
Petersburg..
Mi
SH
Ki
SM
2«
8
B
B
4
6
6
B
sa
OH
&
an
5
5
S',
The following remarks upon the
3
S
4
«M
SALES.
1882-83.
1.78 1.004
qrs. 2,(197.147
1.925.741
3,005,342
4
Wheat
3M
2H
S
a
3
t
bullion
8M
Barley
Oats
1883-84.
18n.82.
430,472
l,^07.405
1,595.121
199,738
AVERAGE
8
s
S
B
3«
4
sa
S9<
6
«
market are from the
Abell
circular of Messrs. Pixley
Gold.— The bank lins received £171.000 sincij last week, anl has 8 Id
£'.'4.000, chieflv in Dutch pold coin. The demand for the Continent nnl
for Fndlii 1ms been llvel}-. and the bulk of arrivals have been disposed of
In the open market! the amount mentioned as havln;: bei-n lecilved by
the Bank conslstitiK ninlnly of low trade bars wh'ch I'onid not be used
for export. The arrivals are, £8">5.200 from New York; £11 1.000 from
We?t Indies: £1'0' from Chill; £»i.(i00 from Australia; total,
£973,800. Tlic •• Rosetta" Lakes £52.700 to Bombay.
Silver. — The mnrVet hue weakent-d sin* e our lust, owinp to a decline in
the Knstern cxclinnt'es. ami to the lower rates at wlitch the Council
transfers and bills wcr*^ al otted yesterday.
The price, which wo
quoted la our last, old. per 07,., has gradually declined to SO-'^icd. per
203,653
1883-84.
«.
PRICES.
18i2-83.
t.
ft.
d.
1831-82.
(.
d,
1880-S1
1.2T7.121
l,6.~>6.ti31
153,91)«
1880-81.
«.
*.
42 7
33 O
24
21
3
2"
19
1
Converting quarters of wheat into hundred-weights, the
total sales in the whole kingdom are estimated as follows
3?
perqr.
Wheat
Barley
Oats ..„
a»2
41 4
83 10
2
5
9
46
32
.5
7
:
1880-8t.
21,l3-;.760
26,128,303
30,90>.70>
owt.30.0Z9,600
Wheat
^^Thls a(Sjrre«»te U arrived at by raultlplj'lnK the aales In the 187
miu-iets above bvSi.i. and that result iarfcduoed tocwt. hy malt'plvtnK It
by 4'i, This proportion h<<twe»' the 187 ni^trket-t and ths totals for to*
kingdom Is adopted iiy th4 L uidon KraiQ (<w1e and la no<wpt«d by It ••
prodncinK a result approxlmat<'lr eorr-o*.
1882-83.
1883-84.
1831-82.
i
Annexed
is
a return showing the extent of the imporLi of
Kingdom during the first 85
cereal produce into the United
:
.
)
..
THE CHRONICLE.
588
rvoL.
xxxvni.
of the season, the sales of home-grows produce, the since January 1, 1884, and for the corresponding periods in
average price of home-grown wheat, the visible supply of 1883 and 1883:
wheat in the United States, the quantity of wheat and flour
•
EXPORTS AKD IMPORTS OF gPBOIB AT NEW YORK.
afloat to the United Kingdom, and the exports in seven
months compared with i3revious seasons
Hxports.
Imports.
weeks
:
Geld.
IMPOKTS.
1983-81.
Wheat
owt. 34.3' 3.7«9
Barley
11,405.927
7.176.665
1,122,169
1,613.065
17.669.735
10,010,175
Oats..
Peas
Beans
Indian corn
Flour
1881-82.
41.341,000
9,736,435
6,423,272
1,239,144
1,151,071
14,424,343
6,362,528
1882-83.
43.760.516
12,311,009
9,883,413
1,458,027
1.810,332
13,297,671
12,013,163
1880-81.
38,439.895
9,209,166
6,174,936
1,548,629
1,579,453
22,565,722
8,999,789
Week.
Great Britain
$7,200
Germany
27'079
West Indies
Mexico
South America
All other oouu tries.
1880-81.
1881-82.
1883-84.
188283.
Importsof wheat. owt.34,303,7S9 43.760,546 41,341.090 38.439,895
8,999,739
12,013,163
6,362,523
10,010,173
Imports of flour
Bales of Itome-srown
30,029,600 30.905,700 26,128,300 21,136,760
produce
74,343,564
Av'ge price of English
wheat for season, qrs.
Visible supjily of wheat
73,831,918
86,679,409
Total
41s. 4d.
39s. 2d.
68,576,444
7d.
42s.
46s. 5d.
1S82-3.
1881-2.
334,886
101,289
392,684
45,954
1883-4.
cwt. 450.371
Wheat
Flour
61,813
Engllsli
daily closing quotation for securities, &c,, at
Lojidoti,
Mon.
Sat.
peroz
Oonsols tormoney
d.
Silver,
Tuei.
Wed.
1
London,
are reported
fH.
Thurt.
5013,, 5013,6
5015i5 50i5ie 50~e
101 15
101916 1019,6 1017,6 10138
lOUllB 101=8 10111,8 1019,6 1019,6 101 Ifi
SO^a
101»,8
Consols for account
Fr'ch rentes (in Paris) fr. 79-1 V"*
11514
U. 8. 4J3S of 1891
U.S. 48 of 1907
1251a
49^4
Canadiiiu Paciflo
Chic. Mil. &8t. Paul .... 83
Erie, common stock
15
nUnols Central
127
6018
Pennsylvania
Phllaaelphia & Reading. 17%
New York Central
1141s
Liverpool.
U514
78-75
12518
4838
7612
14=8
125 19
X 123
125!!8
123
59
81
14^8
1265s
59 13
60
18"8
11258
d.
f.
d.
3
1
3
7
8
8
7
9
Flonr(ex. 8tate)..1001b. 11
"
8
Wheat, No. 1, wh.
"
Spring, No. 2, u
7
"
•Winter, South, n
9
"
7
Winter, West., n
"
Cal., No. 1
8
"
Cal., No. 2
7
Corn, mix., old...
Com, mix., new..
Pork, West. mess. Ibbl.
Bacon, long clear
Beef, pr. mess, new.^to.
I>ard. prime West. $ cwt.'43
Cheese, Am. choice
|00
78-93
790712
115
i'15'" II518
12533
4933
4578
7234
1413
1714
11105a
173a
1095s
Ttje»,
Wed.
Mon.
Sat.
s.
79-10
11
3
7
8
7
5
8
7
4
9
8
9
7
8
8
1
8
1
7
7 7
2,390,543
4,378
467',43i
2',650
84,762
...
700,854
$139,831
5,810
$3,240,869
4,734,827
483,020
i-JO
630
3,212
$144,200
12.300
38,732
10,202
West
IniJ lea
$4,611,694
371.117
79,766
'760
36,3s48
620
210,641
1,247,076
66,641
18,521
$5,389,364
5,697,269
4.434,011
$57,778
40.720
7.406
$1,586,999
1,807,639
1,029,147
.
$205,434
155.875
234,634
Total 1884
Total 1883
Total 1882
37 052
31.64-i
167,478
41.595
83,068
South America
AU other countries.
$1,068
$
Of the above imports for the week in 1884, $3,778 were
American gold coin and $1,380 American silver coin. Of the
exports during the same time $31,700 were American gold
coin.
Market Keports— Per Cable.
The
and for breadstuffs and provisions at Liverpool,
by cable as follows for the week ending May 16:
«
17,500
l,C-8,
$31,779 $36,036,085
15,(jOJ
13J,250
3,440,500 16.b8-'.258
Great Britain
2,606,000
2,476,000
EXPORTS OF WUEAT AND FLOUR IN SEVEN MONTHS.
2,380,946
.SinceJan.1.
Silver.
intheU, S
bush. 24,500,000 20,781,250 12,100,000 20,700,000
Supply of wheat and
flour afloat to U. K.
qiiaiters
2,093,000
«
132,803
652 801
121,710
.
Tetal 1884
Total 1883
Total 1882
weeks)
(35
1
Week.
4,352,824
Supplies available for consumption, exclusive of stocks on
September
SineeJan.l.
$26,4")9,2''8
114
I2514
43^1
47 41
72
71%
15
12473
x56i4
I7I4
111
1578
125
5738
lO's
llll|2
Thurs.
Fri.
—
First mortgages on real estate should now be in demand,
and since the enormous decline in stocks, investors will feel
more than ever that they prefer to put their money where it
has good real estate as security. Attention is called to the
advertisement of real estate mortgage bonds sold by the
Corbin Banking Company. This concern has a long experience
in placing these mortgage bonds, and after a series of years the
record of their business is most favorable.
—
It was with feelings of deep regret that the business community heard of the suspension of Fisk & Hatch, and the belief was entertained that tlie suspension would be only temporary. The firm had earned a high reput-ation for dealing
honorably with their creditors after the terrible crisis of 1873,
and their business since that date has been mostly in Govern-
ment bonds, and quite conservative in its character. The
announcement of the firm says: "The long-continued decline
in the market prices of securities, even the very best, accomp.inied by a general weakening of confidence in financial matters, together with a heavy drainage of deposits, are the principal causes of our unfortunate position.
c;in only request
those having claims agamst us to extend to us such consideration and indulgence as we may need, and it may be in their
power to grant."
We
9
7
8
8
8
8
8
7
7 7
6
— Attention
is
&
called to the card of Messrs. Asiel
Co., in
Chronicle. This firm transacts a banking and brokerage business at 51 Exchange Place, and is composed of young
and energetic business men.
to-day's
5
3
63
43
81
3
5
68
5
63
43
43
34
43
85
O
66
3
5
63
43
34
43
166
C!i;0ntnxeKclal mid I^iscellKmaxts
1»3
O
5
68
43
83
43
63
2
—The
Heurs
Homestake Gold Mining Company
of
Dakota has
declared its sixty-ninth dividend of $35,000, for April, payable
in San Francisco, or at the transfer agency here (Lounsbery
& Haggiu), 15 Broad .Street.
—
Attention is called to the card of Messrs. Kohn, Popper &
Imports and Exports for the Week. The imports of last Co. in the Chro.mcle to-day. Those having Missouri, Minneweek, compared with those of the preceding week, show a sota or Nebraska bonds will do well to take notice.
decrease in dry goods and an increase in general merchandise.
Auction Sales. The following, seldom or never sold at the
The total imports were .$9,397,571, against .$8,394,!)41 the pre- Stock
Exchange, were sold at auction this week by Messrs.
ceding week and $7,.513,379 two weeks previous. The exports
Adrian H. Muller & Son:
for the week ended May 13 amounted to $4,808,350, against
Shares.
Shares.
$6,03:3.395 last week and $5,934,831 two weeks previous.
The
20 United States Trust Co.. 506
5 N. Y. Concert Co. (Lim'd)
following are the imports at New York for the week ending 100 United States Nat. Bk.. 100
with admis'n tickot .for ii62 iO
50 Marine Bank
for t5
(for dry goods) May 8 and for the week ending (for general
25 Goldi's Heater Mfg.Cj.for $25
—
—
I
|
r
|
merchandise) May 9; also totals since the beginning of
week in January:
FORBION IMPORTS AT NEW TORK.
For Week.
1881.
1882.
$2,031,193
8,043,835
$1,706,637
6,760,103
$1,382,414
7,915,157
Name of Company.
$7,402,387
$10,075,083
$8,472,805
$9,297,571
$44,533,823
115,237,947
$54,162,354
131,490,553
$50,315,201
120,588,587
$17,496,759
118.630,060
Boston Concord A: Montreal
Delaw.are &. Bound Brook (quar.).
Gen'Imer'dlae..
Total
Since Jan. 1.
Dry goods
Gten'lmer'dise..
1884,
Total 19 weeks. $159,771,772 $188,652,907 $170,903,788 $166,126,825
In our report of the dry goods trade will be found the imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
spacie)
DIVIDENDS.
The following dividends have recently been announced
$1,402,217
6,000.170
Dry goods
1883.
fii-st
from the port
week ending May
of
New York
to foreign ports for the
date:
and from January 1 to
EXPORTS FROM HEW TORE FOR THB WEEK.
13, 1884,
1882.
1883.
1884.
Iowa Falls & Siou.'C City
North Penn>ylvania (quar,)
$6,014,041
134,235,327
$6,227,259
112,13j,560
$6,478,956
125,961,665
at the port of
table
2
May
26|
May
11 to
May
11 to
:
Balnnce^.
Dale.
Seceipls.
$
1,196,875 54
76
1,202,021 97
1.149.750 54
1,599.554 07
1,45:1,495
12..
13..
14..
15..
16..
•1,399,114 71
Total....
8,000,812 59
•'
,$4,806,350
"
102,446,478
"
"
shows the exports and imports of specie
for the week ending May 10, and
New York
16
10
June
—
Total 19 weeks.'$140.249,368 $118,357,8191 tl32,440.62l!$107,252,823
The following
May
May
U. S. Snb-Treasury. The following table shows the receipts
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week
"
For the week...
Prev. reported..
Books Closed.
(Days itic^sive.
Railroads.
May 10..
1881.
When
Payanie.\
'
Payments.
$
Coin.
$
1,434,631 67 125,716,983
1,543,353 10 125.593.453
1,1.57,153 «9 125.67H.146
1. -"140,764 59 126,128,833
2,285.482 26 128,152,9:4
2,468,427 38 128,071,688
10.429,812 69
Includes $345,000 gold certlflcates put into caah.
Currency.
*
29 9.984.304 88
47 10,017.979 36
22 9,973.154 89
64 9,136,403 42
97 6,420,443 90
72 5,433,337 48
'
May
17,
It'M.
:
1
THE CHRONICLR
]
per
d;i..
i:
...
i
5fi?>
.
,,,
,
for nier<'iinMle .1
|M'r een
4)2 and
|.
3 nn<l 4 iiionthN, and .'i'^ itnd (i fur HinKle-nun^
The Hank of Kiiglarid wi-ekly Htatemi-nlnii 'Ii
n loHH of crri.m) in H|)e<;ie. Tlie proportion of the, liiink k reserve to liabilities, however, wait iinclinnKe<l nt 4N (ht <• nt.
^
ogniiist 33',; |Hr leiit at thi> xaniu time lost
the Knnk
|(n
rate of discount reniuinH nt 3' ^ per cent.
of Knin<!n
weekly Htatenient Rill >wed a gam of e.IWI
..i in Kold
and 257, (KM) francs 111 silver.
The following table shown the Ohanf^oii from the previonii
,
|
•">
,
nitlilen<la anti Vniied SlaleM
Ihe jneeciUiig puge.
Sub-Treaiury Slalcmeni toUl tg found on
,
I
NKW YOKK.
FKIIIAY,
MAY
l«,
lNM4-a P.m.
The Money Miirkft niiil Klnnnciiil Sitiintion.— Fiimiu-inl
circhs Imvo passn'il lliioiif;!) an oxcitcil wwk, marked by ninny
ill
rl.rs nn<l full of ilisturhinK fouturos. Tlie failure laHt vvcok
of ilu< Marine Hank and of (irant & Ward, togntlior with the
developments to wliieh this gave rise, created seriouH diKtrnst,
whicli was dee|>:'ned when it was announced Saturday after'
noon that ths Northwestern Car Company, in wliioli .Senator
Kabin of Jlinnesota was tlie controlling Hitirit, Iiad been placed
in the hands of a receiver.
Consequently an uneasy feeling
prevailed on our .Stock K.'tcliango at tlie opening of Ijusinesti
on Monday, and the fear w.is
freely
expressed that
other institutions and firms would bo found to Ik' in
an eipially precarious condition. Prices reflected this fear
" in
a pretty general decline through the dav. The unea.siness
increased rather than diminislie<l during 'fues(Iay, and when
it api)eai'ed on Wednesday morning that a defalcation of tliree
millions had been detected in the Second National Hank, confidence entirely disappeared. It wjis apparent then even before
the opening of the Exchange that only very little more was
needed to pi-ecipitate a panic and a wholesale destruction of
values. The final shot^k came in the failure of several brokerage and banking firms, and in the susiwnsion of the Metrojxjlitan National Bank. Then the wildest kind of a panic raged,
and securities were thrown overboard regardless of jn-ice.
To add further to the discomfiture of dealers, money tecame
exceedingly stringent, and at one time commanded as much as
4 per cent for 24 hours use. This caused a further sacrifice of
stocks since few could afford to pay the higli rate asked. The exorbitsmt charge was of course the direct result of the distrust
prevailing, since there was no actual scarcity. There was
no improvement till it was understood in the afternoon that
the banks had taken action similar to that of 1873, and that no
further bank suspensions were therefore likely. At the close of
business on that day the disasters included Metropolitan Bank,
Atlantic State Hank (Brooklyn), Hotchkiss, Burnham & Co.,
Hatch & Foote, Nelson Robinson
Co., O. M. Bogart & Co.,
Donnell, Lawson & Simpson, Goffe & Handle, J. C. Williams.
The improvement noted at the close on Wednesday made
further headway on Thursday, when it appeared that the
Metropolitan Bank, through the aid
of
the
Clearing
House, would
be
enabled to
resume at once, and
tlmt the Second National Bank was experiencing no
difKculty whatever in meeting all payments, the deficit having
been made good in full by the father of the president of the
bank. The failure in the morning of A. W. Dauock & Co. hail
comparatively little effect upon the market (though it caused a
fall of 64 per cent in Bankers' & Merchants' Tel. stock), but the
unexi)ected suspension of Messrs. Fisk & Hatch late in the
afternoon was a complete set-back, and again threw things into
confusion. Friday morning the closing of the Newark Savings
Institution was another unfavorable feature, but it was soon
seen that this was connected with the suspension of Fisk &
Hatch, and a more hopeful view of the situation prevailed.
No further failures occurring, the market improved in tone,
and late in the day a pretty substantial recovery took place,
which was furthered by the relaxation in the rates for money.
have thus briefly reviewed each day's events, because of
their great importance and because of the bearing they have
had upon tlie general commercial and financial situation. To
state briefly the cause of the disturbances in the market, it
may be said that they were strictly due to a complete loss of
confidence, not so much in the market prices of securities as
in the stability and soundness of various institutions and firms.
The difficulty of obtaining ready casR, as a residt of the disquietude prevailing, also contributed to intensify the troubles that had developed. It is to this latter fact namely the
desire to realize and obtain cash that the large decline on
Thursday and Friday of nearly 7 per cent on United States
—
—
&
We
—
—
Government bonds
to be attribute<l. Tliere was no loss of
confidence in the value of these, nor was there in good railroad bonds and stocks.
One result of the phenomenal and temporary rise in the rates
for monei.^ was to bring a vast amount of foreign capital
promptly into this market. Some of it was sent here to buy
stocks at their depressed prices, and more to loan on stocks or
any other good securities at the high rates of interest. The
effect of this was to completely turn the foreign exchanges
wiiich had been running so heavily against us for the last three
months. Large amounts of loan bills and bankers' demand
bills on London came on to the market, and on Thursday rates
for sterling dropjjed 1 cent on the £ and on Friday 2 cents
more. The supplies of available funds furnished by this means,
is
together with tlie relief afforded by the banks in the Clearing
House Association adopting the same plan of isstiing Clearing
House certificates for use in the settlement of their clearings
as in 1873, already alluded to, had the effect to overcome the
pinch for money, and the result was that at the clase of business on Friday money on call had dropped to ii and 6 per cent
per annum.
In the temporary squeeze for money, resulting from the
above causes, there was of course less business done in other
classes of loans than those on stocks, but the evidence that
was no loss of confidence in values of other kinds of
collateral nor in mercantile credit at large was shown by the
there
fact that while
money was loaning
at 3
I
week and a comparison with the two
New York CHenring
averages of the
1S81.
Uay
Oifter'nera fr'm
I'rtrioui itVrt,
10.
T»aii>4iuicl(llR ir;,')3,424,10a
Snirli-
tcuiIi'i-R.
yeare la the
,s.
Mny
1HH8.
J
Unii
2,
1
.-?,
<I4..>
2,"
mm
33
Nfit (leposltH..
LoKUl
I>c
8tl.«41,700'ln<!
14. t
]
Clri'iiliitlon ..
r
1
I.
2H.<
Lcfrnl roHorvp
UoDcrve
8((,l)ll,000 Inc.
liclil.
8iirpliin
2,801,10'
SI,4.'"..'».4S0lliie.«3.(149,«.'Si),
«H.l7i.(»50
t.%.Oo;i,s2.,,
—
Exchange. As explained nlwve, the mart^-' <"'•• ^i..ri;..<- ^^^^^^
depressed on Thursday and Fri<Iay by the n
and the posted rates, wliicli a week ago wei.
4 Sri and 4 87 on Friday afternoon. The rates for actual business were too much demoralized to quote with certaintv, but
were in general about 1 cent on the £ below the pcmted rates
for 60 days and demand bills resiwctively. Commercial biUa
were not offered and not quotable.
United States Bonds.—Government bonds, for the reasons
stated above, have suffered an exceptional decline during the
last few days, and bid quotations (where there have been no
actual sales) are many points lower than a week ago.
The closing prices at the N. Y. Board have been
foUowf
Inlerett ilau
Hoy May Uay Uay Uay
.:
m
rerioda.
10.
-Mar.
-Mar.
112
113
rejf.
-Jan.
123
48,1907...
ooap.
.33, option U.S. ...reg.
.-Jan.
4'«»,1891
reg.
1891
coup.
4>i8,
4% 1907
03,our'cy, '95
reg.
our'oy, '96
reg.
t)^,oar'oy, '97
reg.
reg.
0), onr'or, '98
68.oar'oT. '99.. .ree.
(5?,
12.
Tn^
113
12J
122 '8
13.
M>.
14.
16.
'iii''8*mi% iio>s 110
112% 112
iis'v 110
*H6
122»9 •12258 •1221a
122% 122% *122N 1120
118>a
100% 'lOO"*!
Feb. 100>s*100l2' 100 »s
A J. •129 '•129 129
A J. '131
131
131
& J. '133 133 133
136
&. 1.
130
136
A J. 138 138 138
I
129
131
133
136
133
129
131
133
135
•137
1*120
1*120
'120
*120
1*120
This Is tlio price bid at tlie morning board; no xUt was made.
Bought ia under the rule.
State and Railroad Bonds.— The general market for railroad bonds in the last seven days has been quiet compared to
the stock market. There was considerable activity from Saturday the 10th to Tuesday the 13th, but after that the business
diminished and there was only special activity in the particular
issues affected bv the various failures. The Chesapeadte
Oliio issues were depressed by the suspension of Fisk & Hatch;
the East Tennessee 5s and Ohio Central firsts by that of the
Metropolitan Bank and of Mr. .Seneyi its President. The Erie
2ds by that of the Marine Bank and Grant & Ward. Aside
from these there was also a large depression in the Wabash and
Texas & Pacific securities in connection with the beUef that
the Wabash must go into the hands of a receiver. "The
stringency of money caused large declines in others. The
most important fluctuations for the week are shown below:
Chesapeake & Ohio cur. 6s at 30, 33, 36}.|; do. firsts, series B, at
98@90; East Tennessee .Is at 73i8, 56, .59; Erie second consols
at 68, 70, 59%, 65; Kansas & Texas general mortgage Bs at
77, 70, 70 Jg Louisville & Nashville general mortgage 63 at
*
t
&
;
94-';^^,
91, 93;
Northern Pacific
York Chicago
Sc
&
firsts at
10.")
"4. 103,
lOS'i';
New
Louis fu^ts at 105i^, 100, lOli.i: Chicago
Northwestern debenture .5s at 94V, ^'< Oregon Short Lino
63 at
87V,
83;
St.
Omaha
consols at 112-'4, 109; Texas
&
Pacific
land grant incomes at 45, 38, 40; do. ftio Grande Division firsts
at 64},^, 50, 54i|; Wabash general mortgage 6s at 46, 38, 48;
firsts at 681^, 60; ^ew York West Shore
at 53, 5378@47, 50>^; Ohio Southern firsts at
Oregon Improvement
&
Buffalo
84V,
firsts
72,1^, 75.
Railroad and Miscellancons Stock s.—The questions which
under other circumstances would govern the movement of
rices of slocks have this week been left entirely out of sight
E
y the prevailing panic, in which there was a rush to turn all
railroad stocks into money. Before the panic began the predominant influences were bearish, and specifically the several
questions as to whether the-Erie would pay the interest on its
bonds, whether the Wabash general mortgage bondholders
would accept first preferred stock for their bonds, whether
the Union and Central Pacific would pav their next dividemls,
and whether the Trunk-Line roads could come to any satisfactory arrangement to continue the pool. All of these doubts
hung over the market a combination of depressing influences
wliich prepared the way for the panic (though not the cause of
it), which began, as stated above, when it liecame known that
the President of the Second National Bank hatl been sneculating in stocks and had lost somewhere between $2,tl0<1.000 and
$4,000,000, There was, however, a change in the asjKK-t of the
market on Friday afternoon under which part of the great
decline in prices" recorded on Wednesday and Thursday was
recovere<l.
Erie and Reading are the only stocks that h«TB
and even 4 per cent been notably
firm.
•
—
5
...
.
IHE CHRONICLR
590
[Vou XXXV UL
NEW YORK STOCK EXCHANGE PRICES FOR WEEK ENDING MAY
HIOHEBT AND IX)WB8T PBIOBS.
Monday,
Saturday,
May
RAI1.KOADS.
Albany & Susquehanna
Atchison TopeKa & Santa F6
Boston & N. y. Alr-Llne, pref.
Burlington Ced. Baplds & No.
130
Canadian Paclflo
Canatia .Southern
Ceuiral of New Jersey
Oenlrai Pacltic
Chesapeake
Do
Do
40
47'*
3934
79 "a t77Hi 81
4134 43 14
46
*10
12
77
41 14
78 14
43
35
73
34
413,.
Istpref
201a
•14
3dprel
136 136
Chicago <fc Alton
Chicago Burlington & Ouincy IZOia 121=4
7B>8 81 as
Chicago Milwaukee & St. Paul
112
pref. 112
Do
1073* 109 "a
Chicago A North western
pref. 135
138
Do
Chicago Rook Island <& Pacific in^allS
9
9
Chicago St. Louis dk Pittsburg
25
25 >3
pref.
Do
29»8 30 "a
Chicago St. Paul Minn. & Om.
Xl34
]17'a
751a
110
105=8
133
115«»
"
Do
291a
9034
91"^ 923,
pref.
Cleveland Col. Clnn. & Ind
Cleveland & Pittsburg, guar.
201a
16
3934
•9
191a
'
4II3
11
)9i2
16
13234 133
134
116 118
121
79 14 7314 77
109 109
110
IO8I4 106 ^i 109 "a
135 14 13234 13334
1171a lid II6I4
8
81a
3014
9134
40'8 41 'e
44
41
128
4734
41'a
4034
73'»
May 16,
130
821a 821a
47
41
Friday,
May 15.
14.
82ia
48>4
43 >a
May
13.
821a
ilh
& Ohio
May
May 12.
10.
29
9014
40
3018
911a
40^8
46
47
381a
751a
35%
381a
74
37
•6
76
42 14
10
16
iei8
4334
35
71
3734
•5%
14%
132
132
47%
38%
74%
Do
& Ga
6>4
pref.
Bvansville* Torre Haute
Qreen Bay Wlnoua & St. Paul
Harlem
Honston
& Texas Central
lUlnois Central
leased line 4
Do
Louisville & Nashville
Louisville New Albany & Cliic.
Manhattan Elevated
1st pref..
common.
Manhattan Beach Co
Kempliis & Charleston
Metropolitan Elevated
Michigan Central
MUwankee L. Sh. & Western.
Do
pref.
(ft
St.
Louie
Do
12S18 123'a 124
I414
14>!|
14
12
12H>
10
93 14 94',
70 "4 71
45
16
18
18
90
51
90
51
n538
49
18
34
105
1,070
132%
11414118%
3,833
36,372
396,982
B6I4
105
104 la 106
102 1051a
99%
128 1301a 125
114
1131a 116
•6=4
20
26 'e
86
S6
28
90
39
25
81
34
•20%
21
27
90
37
.
Do
pref.
New
New
New
pref.
Do
New York & New England
New York New Haven A Hart.
New York Ontario A Western.
New YorkSusq. A Western...
pref.
Do
Norfolk A Western
York Elevated
York Lack. & Western..
York Lake Erie & West'n
Do
78'a
36
36
11».
11=4
36 la
89=4
13»9
3414
97s
4',
Northern Pacific
Do
51
pref
Ohio Central
Ohio A Mississippi
Ohio Southern
Oregon Short Line
Oregon A Trans-Continental..
Pooria Decatur A Evansville.
A
Phllailelpliia
Jtoadiug
.
Chic.
Pittsbuie Ft. Wayuo
Rich, v Allegh., st'k trust ctf's.
A
Richmond A Danville
Richmond A West P't Tenn'l.
Rochester
A
Pittsburg
Rome Watertown A Ogdensb.
St. Louis Alton A Terre Haute
Do
pref.
&
San
15«»
70%
106
10334
130
II5I4
36
2>4
21
361a
^234
61
2
2%
1738
21'3
I634
1338
3314
IB
1734
l^Ja
13%
34
36 >a
130 "a ISO's
6O34
60
24
5034
61s
91
91
1438
nnioji Pacific
60 14
151,,
5514!
734
143,
Paul
A
10
921a
681a
93 'a
70
44 <^
831a
91a
9214
9
89
65
31
9
921a
40
"ia"
'a
"48"
65
67
32 la 39
141a
46
88
35
34
100
47
46
88
761a
30
99
64
30
99
70
12
18
12
18
131a
12=8
16
lllj
78
803,
671a 78
9i»
9%
68
361a
23'*
6338
2%
413,876
24,710
9,366
3,050
200
100
88
118
12%
10
81
10
891.
62%
66
38I4
1413
3OI4
3n%
15
ir
47
92
43% 43%
•85
8,360
17
99
26
93
7134
65
11
2034
1234
6734
12
21
20
1,550
168.716
8,088
126,812
15%
703,
8
42
11014
634
130
89
16%
145,8'20
11
125
39^8 41
107% 11034
6
6
12
12%
105 130
9%
35
211a 22 'e
5214
60
35
214
238
SO
igi-j
43
2
14=8
16
1336
3334
16%
13=8
3618
10 la
9
3134
45
21
6
1934
88
88
14%
1534
32
34
9
9
914
•3
•8
300
120
2,800
55.950
2,917
2,725
725
123,47.'i
21
46
214
I's
9',
3,250
4
12
250
50
1714
18%
13
Ilia
-.u^
12914
HI4
il%
32%
634
44
19 14
7
20
141«
12
3514
13% 82,887
11%
2,200
31% 33% 164,760
6%
127
131
17
18
16
6
7
2
22%
6%
200
1034
914
127
S's
,22%
49
21
49
2
45
23 18
1,850
12,975
69.101
2,768
3,800
213,
2
131
760
300
1B%
6^
1,650
1'2,677
20
230
42
81
42
86
21 14 21 14
4934 4034
811a 811a
75
85
14
49
91
8518
20
211.
42
81
70
77%
83
85
12
fShl
11
39
45 14
87
12
46
38
75
116
700
39
75
'2,014
Dttlnth
Do
pref
Paul Mlnueap. A Manitoba.
Texas A Pacific
Wabash St. Louis A
Do
Pacific...
pref.
NEOIJ.S.
M ISCEI,L,A
American
A (Jable Co
'i'el.
Bankers* A Merchants' Tel
Colorado Coal A Iron
Delaw.ir6 A Hudson Canal
Mutual Union Teloffruph
New York A Texas Land Co..
Oregon Improvement Co
Oregon Riiilway ANav. Co
Pacific Mall
Pullman Palace Car Co
Mining
7
14
'4
14
87
1518
12
141-j
S2
45's
50
61a
8i._
12'%
14^18
Is
12 's
7
9%
518
13'(
12%
6
1234
42%
6%
13
53
53
50
54 la 54
641a 65
11918 1191a 119 11U38 11918 11938 119
llOM 46
11
11
104
1021% ioi" 102-8 10334 103
99% 102 14 101
lOia lOia
Ilia Ilia
11
11%
la
761a 77
4338 44
78
77
44
43
108 1« 103
106
108
75%
105% 107
71
35
100
41
105
64
60
26
49
25
54
96
9734
42%
44le
72
84
102
7
13
60 14
63
103
72
39
103%
79% S8%
11
13
41% 45
6% 1\
14
14%
13,975
47,855
426,860
10,035
11,850
49
60
45
6U
12
12
100 14 102
10
11
1,090
8,500
200
5,440
1,'300
71% 71%
31
97
37
105
24
24
6I34
65%
81
8734 Jan. 10
88
13
16 Jan. 2
23%
'36%
23
28 Feb. 11
143. 27
17
Jan. 7
130
14014 Feb. 6 128
137%
112
12734 I'eb. 18 II6S4 129%
65
94 14 lan. 3 9134 108%
100
.-^
119 ieb. 18 115
122%
99%
124
Ieb. 12 116% 140%
125
149% Feb. 12 134 157
109%
12634 Job. 11 116% 1'27%
8
13i4Jan. 5
10% 22
20
35 Jau. 11
33
67%
24%
34% Jan. 3 30
SB
81
90% Feb. 11 91 113%
34 May 14 69% Mar. 14 54
84
138 Feb. 23 141 Api. 1 124% 142
1
Feb. 14
2 Jan. 17
1% 7%
106% May 16 133% Mar. 1 111% 131%
9% May 14 26% Jan. 3 21% 61%
3% May 14 8I4 Feb. 15
4% 11%
7
Mav 16 14% Feb. 15 111. 23
37 May 2 51 Jan. 7 45
75
4 May 8
8% Feb. 8
10%
192 Mar. 12 '200 Mar. 18 190 200
40 Apr. 17 5] Jau. 4 50
82%
118
..„
May 18 140 Feb. 13 124 148
81%. Ian. 11 86 Mar. 6 77
84%
lli4May 16 20i4Jan. 6 17% 35%
9 May 15 1934 J.an. 7
13%! 33%
81
May 16 10434 Mar. 4 92341114%
62% May 16 78i4Mar. 15 68
86%
30 14 May 16 61-% Mar. 4 40% 68%
14% May 15 35
30
68
an. 4
40 Jan. 22 60 Feb. 25 38
53%
82 Jan. 21 93% Apr. 7 80
90
42 Jan. 23 59% Mar. 17
38
53
%l
12% May 16 '24 Mar. 18 12
30%
26 May 16 40 Jan. 11
32
66
90 Jan. 8 105 Apr. 16 76
86%
64
May 14 94% Mar. 4 77 100%
10 Fob. 11 10 Jan. 7
10
18
33% Jan. 24 44 Apr. 10 36
48%
11
M.iy 16 18% Jan. 7
1634 30=4
18 M.av 14 36% Feb. 11
33
68%
lliaM.iy 14 23i4Jan. 5
19% 34%
65 May 16 95 Feb. 11
86
106%
8% Jan. 25 1334 Mar. 24 1"
19%
121% Jan. 22 127 Jau. 29 120 129%
39 'e May 16 58 Mar. 14
60% 64^
106% Mav 14 122 Mar. 13 111% 1'29%
5% May 14 10% Feb. 16
7
16%
9 May 14 2034 Feb. 14
1334 36
126
86
prof
Western Union Telegraph
EXPRESS.
Adams
69-18
'134
American
9734
Unltoil states
A Co
INACTIVE .STOCKS.
Wells, Fargo
Cedar Falls
A
56
106
61
5914
137 •134
97
98
65
67
1121a •100
6118
137
97
65
•60
110
100
62
136
92
•53
•05
92
65
110
647,
135
95
68
105
89
68
102
79% May
9% May
16
99
14
39
14
14
14
'22% Feb. 11
84% Feb. 16
19a4 Ja.u. 7
32 Jim. 5
May
6% May
12% May
May
May
% Jan.
% -Mav
May
% Jau.
200
60 128
8d
175 55
70 102
1,300
60
68
146
50
68
70
45
70
45
Miiy
May
May
% May
300
Apr.
MTiy
Feb.
230
260
Jan.
May
Apr.
May
200
200
Feb.
%
Warren
Those are the prices bid and a iked
Jan.
% May
ICAryland Coal
New Central Coal
Pennsylvania Coal
Spring Mountain Coal
ian.
May
Jan.
% Apr.
Feb.
% Jau.
;
no sale was made at the Board.
t
Lower
price ls«x.divldead.
.!an.
7
16 61%Ji>n. 8
15 127»4 Apr. 16
21 17% Jlar.l7
14 114
Feb. 11
10 17% Jan. 10
7 170
Feb. 9
Stay 8 65% Jan. 7
Apr. 25 112 Jan. 28
16
May
5634 Mar. 17
May 16 117 Jan. 7
%J.in. 21
6% Feb. 11
May 16 32% Feb. 6
May 14 78% Feb, 16
I4
146
5
71 Mar. 3
17%ADr. 4
J an.
90
lOS
83% 88%
26% 40%
.
290,709
Minnesota
Chicago A Alton, pref
Columbia & Greenville, pref...
Daubury A Norwjvlk
Dubuque A Sioux City
JolletA Chicago
Ohio A Mi.srtis.sippi, pref
Bensselaer A Saratoga
Texas A New Orleans
United Companies of N. J
•28%
1
1,687
93
68
102
Apr. 28
12
94% Apr.
May 16
72
83
May 16
17% 62%
Jan. 15 184
.Mav 1 169 183
7% May 14 16% lan. 7 16% 29%
S'eJan. 24
Feb. 28
4% 8%
12% May 15 18i4Feb. 18 14
21%
10 Jan. 29 11
18
10
Feb. '25
29% May 16 42 Fob. 15 32
49%
1834 Jan. 26 27
23%l 53%
Jau. 7
40% Jan. 23 57=8 Jan. 7 493, 90%
I'sMay 15 3% Jan. 7
2
14%
14% May 14 25''8Mar. 17 21
36%
6% May 9 9 Mar. 19
7
14%
3'2
15 Jan. 11 24
Mar. 22 19
10% May 14 31% Jan. 7 29% 89
28
9
Mav 14 17 Feb. 4 12
31% May 16 60% Feb. 23 46% 61%
127
May
135 Apr. 14 l'29i4 138
3 Apr. 28
4
16%
5 Jan. 11
45 May 14 81 Fob. 14 47
72
18 M.iy 16 32 Feb. 15
21
39
23
6
May 14 16% Feb. 4 14
1934 Jan. 7 24
34
15
Mar. 21
3314 M.iy 6 50
8S
Mar. 17
35
88 Jan. 3 96 Feb. 5 80 103
20 Jau. Ki 27 Mar. 18 20%j 86%
37% Jan. 26 50 Mar. 18 40
59%
70 May 15 96% Apr. 10 87
100%
25 Mar. 11 3234 Jan. 9 33
40%
9734
86 Apr. 12 90 Jau. 26 90
36,050
12,012
Central Iowa, Is: pref
'
Apr. 28 125
Jan. 16
13% May
Qnlcktillver
Do
I
,
,
32
800
9
62 176
1,923
'29% '31
301s "ai" '31%
21
49
14
Apr. 28
16
..
14
M;iy 14
May 14
May 14
May 14
May 16
May 14
Mav 14
May 13
May 15
May 16
May 14
I
1,300
2,300
41,955
20
1284
86
47% 71%
68% 90
1
900
11% 11%
65
May
84%
78
75
48 7e 66%
,1
3,400
1,490
4,570
93
70
73
16 135 Jan. 30 127
13S
80=4 Jan. 7
78% 84%
I
300
800
200
200
600
'26
14%
Low. Hlgb
Highest.
,
4',685
90
17
For FuU
YearlSSI.
1
121
III4
99
70
42
46
60
2414
6'8
310
SOU
8,215
14,425
7,730
1-25
201a
1714
131a
35 '(
8
12% 12%
351a
128
6
42
197
13%
7
St.
St.
pref.
1st pref.
1534
5
197
"12% "12%
»6
23 14
52 's
I**rancisco
Do
Do
14^8
•4
1211a 122
40
46
ll'^'a illli 112^ 1091a IIII4 1061a 109=8 109
•7
6
7'4
7
7
51a
71a
7%
•10
12
9
13
13
ISH 1318
13>a
105
89
90
90
87
871a
8934
14%
13^8 14=8
13=8 1434
131a 14
15
36
36
37
341a 36
13
13
13
13
121a 121a
184 184
184 184
93,
9
934
10
9% 91a
7H.
81a
4
4
4
4
4'4
25
42
86
Louis
3634
11=8
23 Hi
6'i
11 14
46
86
St.
Ilia
22
4
7
12
91a
4%
414
7=8
122
'2,755
36
1884.
14%J May
.^
13
May
181.455
7,282
11,256
8
1,
1884.
Apr. 29
34
10
200
24% 26%
85% 89
'
16
79 14 81 14
10
10
125 125
80
334
"°B
S
11
-84
I314
34
34
101 la 100
78
761a 77
48
111=8
7
131a
36
23
pref
49
3Hl
14
10
123
101
76''8
48
15'a
61a
g's
41
124 14 120
3^3^
3.
...
l&'a
78'a
143,
10
9234 94 Is
70 14 70 14
4415 45
pref.
Missouri Kansas <ft Tex.'8
Missouri Pacific
Mobile & Ohio
Morris <ft Essex
NasbTllIe Chattanooga <& St.L.
New York Central & Hudson.
New York Chic. <ft St. Louis
eHi
934
*35
*37
123
Long Island
Minneapolis
914
11
'
5=8
lOis
p.c.
Indiana Bloomingt'n & West'n
LakeErieift Western
Lake Shore
Do
Do
61a
63,
11.018
22,710
60,917
I5I4
1,
80% Mar. 27 83% Mar. 18
60 May - 80 Jan. 10
40 May 13 68i4Jan. 18
35 May 14 67 '8 Feb. 11
71
May 16 90 Jan. 11
28,i0()
43
i32'"
1141a 116
68I4 7134
May
128
76
13
13
130 132
112 116
65
7234
100 105
100 IO634
125 130
lOaiallS
JAN.
Lowest.
128
Coinmbns Chic. <fe Ind. Cent..
106% 112
11218 lUH) 108 II2I4 110 113
Delaware LackawannaAWest. Ill's 114>4 112 114
10
1034 11 "2
12
91a Ills
11
11% III4 llHi 1034 11 la
Denver (ft Illo Orande
East Tennessee Va.
(Shares).
117
45
39 14
AND SINCE
Sales of Range Since Jan.
the Week
Wednesday, Thursday,
Tuesday,
16,
169%
17% 48
70% 104%
15
36%
29% 67%
94
67
89%
H8%;140%
14
39%
I
102% 112%
25
125
16
65
66
90
28
91%
160
44%
112% 134
8%
5
46%
88%
30
7134
115
Apr. '24 126% 136
84%
M^r. 26 88
Fob. 7
65 %1 66%
Feb. 13 113 128
12
'24%
152
33
Jan.
Apr.
Feb.
Feb.
137
102
61%
I
18
12
10
16| 146'
11
31
21
60
Mar. 10 77
145 Mar. 4 138
90 Jau. 9 98
146% Apr. 18 139%
93 Feb 11
193% Mar. 21 18'7%
122% Mar. 29 118
50
82
Jiin.
Feb. -1
10
IOI4 Jan. 31
9
264 Feb. 19 260
61
Apr. 30 29%
15
17%
i'so"
68%
70%
92
138
112%
146%
m"
118
17
14
280%
30%
.
Mav
*
.
—
.
OBOnRITIJCB.
MAY
10
7>, Muliili.A I,.U(K'k
7H. I.. K.IMI. j! N.O.
78, MIhk. O.
II. K. KK.
7h, AlkiiUHlM C;out. UK.
10
10
10
»
£
KK
UK
liunnlhitl
New
York
A
1887
I
I8B0
Do
11
I
II.
1
I
Be
j
mw MrtM, Itl^r,... M
4A
H«,
n
.te'-:.
l8^.
tta.ui>
M.0OII
a
100
OlLdefrr
'81
Toiin
8«.
A*k.
1
mi
117
aid.
hTcni
•lUMMM-CeatlaMd—
!l
.
Do
Coii-iil.
I
•BOOKITIl
A
10
•»
'
IIU
«H, lonn, 18»;i....
N.Cttrolliui-UM.olrt.J.*.!
Piindlnir tuyt: IRtm.1H(M
1 f(i""i
Bid.
Haw bODda, J.«J., 'Wii-ii
'•« >
peeUltn^
106^
I
Kt. Jo.,'8e. ni<)
8», log.,
IHUl
6m, loan, IHIW
103 1.
108 >3'.
18S6
M
Oa, loan,
10, IHNi.
M. 0»roUn»-C<inUDaMl—
UK Hi Mlamiurt-Oa. 1886.
106
e*. due 18h6 or IHOO.
111
Anyriiior llMlv..(lne'0'i IVi
o"
Fmiilliiif IHlultO
IIH
H-i
lu.
7a
,11)14
Kx-matiirflA iwapoi
100
A
liH,
r.-mlaUDk—
83
IO-,j
CliwiiC. la. lOOB
«, lU'JUa. lUOO
.VrkHllsiv-H -Oh. fillldtxl
7b. I., lliiik
F(. M.
;
II
591
<{UUTATI0N8 OP STATE AND ItAILUOAl) UOMIS
MTATU BONOa.*
BUL Aak.'
SKOURITIRH,
Bill,
Aak.
KCURITim.
AUbMna-Claan A, 1006
ClMa II, &II. IIIOU
78, IHKli
7«. vnlil.
.
THE ('HRONICLE.
i7, !l>t4.J
lipoiKla
1... ..
i'Ol
<
.
7%
«
DUtrlcloi oiiiiubi»—
»-«»a. ItKM
<
lUirlatnwl
yniidiB«>«,
>
us
us
law
HAI1.HOAP BONDft.
SKI'URITIEH.
8ECVR1TIK8.
Aak.
Bid.
Del. L.
Kallroad Uonds.
(Mocfc
Bonda,
7BOf 1871, 1901
lat, conaol., guar.*, 7a.
118
H.Y. lsak.A W.-l8t, 6a 110
06
Couatniotlon, 6a, 1923,
91
19'21
!
—
A
I
I
I
>
Hnd.Blv.-78,2d, a.f ., '85
1920
EH2. Lex.A Big Sandy— 68
l8t, 69,
,"
.
Erie— 1 St, extended,
2d, extended,
f)8,
76
110
1
•125U ISO
alukUiK f und, 1»01..|*10S
KullVN.Y-.iE.— lst,1916
debentures, 1913. ...I
93
N.Y.L.E.AW. -Now2d« 61
Uiv.-S. fd., 5e, 1919*
108^
Collat'l trust. 6S.H122
94
SlQkinEfuud, 48, 1919 '02
Buir.A8.W.-M.,68,1908
Denver SiT.-4B, 1922..; '91
lEv.&T. H.— l9t, cons., «8 90
Plain 48, 1921
MtVern'n— 1st, 68, 1923
C.R.I.& P.-Bs, op., 1917.i'127
Fl't.tP.Marq.-M.(i8,1920|*lll
"126 127Hl Gal.Har.ife 8. Ant.- 1 81,68'
6a,rcj!., 1917
Keok.* nesM.— 1st., .'>« 100
"Ill
2d, 7b, 1005
Central of N.J.-l8t, 1890 113'4l
Mex.&Pac.-lst, 68....I '03
latcousol.ihssented, 1 899
108
2d, 68. 1931
in Qr'nBayW.ASt.P.- l8t,6a *
Conv., assento*!, 78. 1902:
106
AdJnatment, 7a, 1903.. .|*
Gulf Cdl.A 8. Fe— 78, 1909
Oonv. dcbent. 68, 1908..
Hann. A St. Joe.— 88,conv. •:
Leh.AW.U.-Con.g'd,o8. "lOlia 103
110
Consol. 68, 1911
6a,
6a,
la.
Truat Co. receipts
let,
I
Ani.D'kAImp.-58,1921
M
il.
&
St.
OZHil
Paul—
I
"130
let, 88. P. I)
2d, 7 3-10, P.D.. )898...i»ia0
Houston & Texas Cent—
"lOS
let, M. L., 78
let, Western Dlv.. 7a... 'lOS
68,1905
1
N.Y.C.&St.L...l8t,6a,1921
2d.0s, 1923
120
Registered, 5s. 1931...
N.Y.feuaq.A West.- 1 at, 6a
Debenture, 68, 1897
Midland of N. J.— 1st, 6s
'
'
I
1
*90
102
'79
NevadaContral— lat,
94
Sabine Dlv. .l8t.6a,19I2!
Va. Mlil.-.M.Inc.,6a. 19271
Wab..st.L.APac.-Oon'168i
40
Chic. Dlv.— 5b, 1910.....
*67
*60
68..I
I
I
100
Iowa DIv.-Oa, 1921
I
Cairo Dlv.— 6a, 1931 ....
Wabash-Mort. 7a, 10O9
Tol. A W.— Ist, ext, 7a
I
i
1
OhioCentnil-lst.6s.l920
il
lat, Term'l Tr., (;a, 1920
let, Miu'l Div., (!a, 1921
[Ohio 8o.— lat, fi.s,1921 ....
80
7ft
•09
lat, SI. L. Div., 7s, '80 *87
•80
2d. ext., 7s, 1893
E.iuipm'tbds, 78, '83. •40
Cousbl. conv., 78, 19071 •60
I
1
I
lod'polla Diy.-6a, 1021
Detroit Dlv.-6a. 1921 ..
I
:
i'TS"
81
Hav. Dlv.-6a, 1910
Tol.P.AW.-lal. 78,1917
I
I
81
lat, Davt. Dlv., 68, 1910
lat, Ter'l truat, 6a, 1010
78, 1905'
Tex.A N.O.-lst,
N.Pac.-O.l.KT., l8t,cp.,6B! 102i4'102'a
UegiHtered, (Is. 1921 ...
N.O. Pac— 1st. (la, g.. 1920 •75
03>8 Norf.AW.-Gen'lCs, 1931 •103 "al.
New River-lst, 68,1932 *101i4 ....
No.Railway(Cal.)-lat, 68,"107'a
',110
OhioA Miss.— Consol. s.fd.
Coii»oUdattd7B,_1898...!"118*4l
.Ill's
117
2d consolidated 78, 1911
let, Springlielrt Div., 7a '109'
I
98
81
.«I.Y.N.lI.AH.-l8t,rg.,48, •103
07
105
US
1*100
Ist nmrt., 7a. 1011
ToL Del. A Burl.— Maill,8«
•6«-|
75
!
General, 6s, 1921
r
Tex.Cen.-lBt,a.f..78,190e'*100
103 lal
N.Y.W.Sh.A Buff.— Cp.,58,
1
1
A
36
108
N.y.A. N.Engl'd-l8t,78*
no
Mln'a Un.-lat,6s. 1922 '110
8t.P.
Dul.-l8t,58, 1931""
'
80. Car. R'y-lst, 6a, 1920 "
2d, 68. liWl...
Shenaud'h v.— 1 8t,78, 19091*
N.Y.C.AN.- Gon.,68,1910|
,
{
1..
'.
108V
lat, consol., 68, 1933...
Ist. cons., 6s, reg., 1933.1
'
lat, cons., gold, 7b, 19'20i*120
1st, cons., td couj)., 78. .*
Keorg., l8t lien, (ia, 19oa|
Long Dock b'uds, vs, '93|*
MIsB.K.lir'ne— l.it,s.f.68
I3I05 <:
1st, 7s. reg., 1900
N.Y. Elev'd-lat, 7a, 1906 *120i«'..
N.Y.P.AO.-Pr.l'n.es, '95;
78... '122
1919..
»1(.'4
Uorlem— lat, 78,ooup... 1*120
....
3d,eit«uded, 4i.j8, 19231
4th, extended, 58, 1920.]»108
1*110
.,6th, 78, 1888
;
lBt,,Kuar. (5B4),78, '94fll6V
2d, i3li0),78, 1898
2d, guar. (188). 76, '98
Chic.
1
.
,Ell7..C.<SN.-S.f.,deb.,c.,6B
I
lilOS
i
I
*'84" 101
MlB^a
& Chic— lstl*116»g,117
C.B.* «.-(_on801.78.
I
1
.
2d. 78, lOOO.....
B6
•
i.iJi
i.|.l.,7a,'»7
I
Binkine faud, Ua, 1903.. '116
La. & Mo. Klv.-lat, 7». 114
8t L.Jack.
M
07
I'.tao
,rf.,6«
*
2d, 7a, 18!il
|
.
.
Chea.o.iS.W.-M. u-Hs...
CWcaKo & Alton— 1st, 78.
ins
•11
iiW
101
Minn.it stL.-l8t,7a,1927, 120
Iowa Kxt.-lat, 78, 1909i 120
1st, (18,1921
-
!
Cbefl.4b O.— rur.mouevfd.,*lll
6a, gold, Borlea A, 19(18
88
6«, gold, Bonea A, 1U08
6a, currency, 1918
"^
1911
...I
Uaj-Ol. 1*100
C.s, 1010
'
|
i
'
]llv,-lHt. (Is, 1!I12..; ...*
Cliar. Col.
Auk.— Istt 7b
111.
()8,
,
,7«|'10»
I
East. l)lv,-l8t,T>», l012|
MortKBg<)
"a
|'
A
•80
I
Centrallowft— lat,7B, '99
1931
i
.Mll.l.
'
I
',
S'th>r.Ext.-l8t,7a,1910 112
let^con8.,guar.7B,ie06:'116 nibhl Par. Ext.- Ist, (Is, 1921.
Rcgi.Htcred
Mo.K.* T.-Ocn'l,(J3,1920
_,-I.COU8.,7b.'
..
lat, cons., gn., 6b, 1906 *114t» llBHi
OonernI, .la, 19'.!0
aoHi 8t,L. A Iron Mt.-ui,7a*llS
Kegistereil
102 106
Cons. 78, l'.)(H-j.6
:|
26.78,1897
I'lOa
..
*
"oe"
Itens.
Bar —lat, cp.,7»
Cons. 2d, iiicuuie, 101I..1*.
70 |l Arkanaaa Br'ch-lat, 7s
110<B
85 >«
l8t, reg., 7s, 1021
n.A Cent. Mo.-lst, '00
Cairo A Fultoo-lst, 7a 106
Deny.* Uio Or.— let, 1900
94
Mobile A Ohlu-Xow 68.. 1*105 108 >a
Cairo Ark. A T.— lat, 7»,'
107"
5514
l8t,C0n80l.,78,1910..
CoUaler'l Unist, (Js, 1892i*
99
Oen'lr'yAl.gr...'ia,193ll
70
71
Den.So.Pk.A Pac.-lat, 78
00
Morgan's La.A T.—lBt, 68
Bt.L.Alton A r.lf.-lat,7» 'Ui
70 pOn..ft IlioO.WC8t.-l8t,(i8
Nasii.Chnt.A bt.L.— l8t,7al
122
1*113
2d, iirof., 7a, 1894
...I
Det.Mack.vfeMarq.— lat, 6a
01 I' M.lia, 1901
2d, Income, 7b, 1894
Ijind grant, 3 "as, 8. A
N. V. Ceutral-68. 1887... •106i« 10718
Bellev.ASo. 111.— l8t,Ka''117
llOH E.T.Va.itOa.-lst,78,1900
1*
Deb. cert*., cxt'd 58
1104
St.P.MinD.A Man.- lat,7s '109ii 112
00
let, cons., ,18, 1930
.*1()9
N.Y.C.A H.-l8t,cp.,78*132 ....
2<l,6a.l009
341,
Divisional 5a, 1 930
...
lat, reg., 1903
Dakota Ezt.-6e, 1910.. *109
»6'
04
I'hil.-lst, 68,
uH, 11)'J4
Cfto. 8u.— iKt, lut. imar. Sa
2d,B8, 11I13
HUK., r,i(, lilKt
(•eli*-rrtl,
Bid.
tuitlnuMl—
.*
181%
•.fd.,'iia>ii»
107
1
A
N. Y.
Buff.
(
1
Jm
'
131
ItK.
1*102
I'.iai
:il7"a IMllw
A
la. Cltv.A Wc«t.-Ut,78'
C.Rap. I.F.*N.— l«t,68 •
.'.«,
6a. 11MI9
1
lat, Pa.I)lv.,cp.,78,1917|'
1st, Pa. I>iv., reg., 1917.|*1H1
All).
Siiaq.- l8t,7a ...I 111
2d, 78, 1886
*10a
Penri
....
.,..
IsiHi..
Cuuooii.
1
18
Mliiii..cst.L.— l»t,7a,(ira
lat,
98
......
(;«,
.t
M«x. Cent.-lat, 7«, 1911. -45
Mlch.Cellt,-<on8.7», 19021*121
Couaol. .'iB, 190'J
104>i
i
Del.«Had.Caiial-l8t,7a' 102
|«114
78,1891
laUext., 78, 1891
Coupon, 78, 1894
I*
Kegiaterml, 78, 1891 .. .1
11111..'
A I'a4).-l8t,«», lUlO. *
B«lt.A O.- lat, «8, 1'rk.Br,i*112
Boat. Iliirlf. & E.-lBt, 7»
OuuruntotKl
Bar. V. Kap..« No.- lat, ia 102
AtL
'M,
HKCURITIIW.
Bid.
CIO,- 1 at, 7a.
MBtro|iollfii Kl.— lat,1908
'114
'114Hl
78, 1891 ....
78, 19i)0
Kxchanue Prkta.)
81nkiUKrumI,«e,
Marietta
M.itK~2d,
Al».('eutial-lBt,(ia. 1018 •
AlleK'ylo«t.-lBt,l!«,l«2-.! .
Atch.T. A S Fo-4 Hia, 1»20, .
BKCURITIE8.
Aak.
Bid,
A W.-ConUn'd-
iois
»1
B7
76"
lat, Waco A No., 7e
Gt.Weefn-lat, 7», "88! 98 '"90"
i*102
•86
129
85
$g.. R.D., 1902. ,•....
2d, consol., nialne line,88l
2d. 78, 1893
l8t, I.aC. I)iT., 78, 1893.
118
hOreg'n* Cal.-l8t,(i8,1921
2d, Wa<o A No., 88,19161
aAToI.-l8t,78, 1890*
100
*
let. I. i M., 7e, 1897 ... *116
Ooueral, BSj 19'21
60 Hi
Han. A Naples— let, 7a
98>a |Or.<ETran8c'l-68.'«2.1922
lat, I. * I)., 78, 1899.... *123
HoustE.AW.Tei.— lat,78
Oregon Imp. Co.— Ist, 68. •62
Ill.A.So.Ia
lat,ex.,6al
lat, C. & M., 78, 1903... 122
!0reg'n«R.,V:Nav.-lst,68| '106
8t.l..K.C-.AN.-K.e.,78! 'SS
2d, 6s, 1913
124
Con8ol.78, 1905
Illinois t.'entral
.Panama— y.f.,8ub.6s,1910
Omaha Dlv.-lat.7ai*101 ,U8
:*100
liHia
2d, 78, 1884
SpringHeld Div.- cp.
SpringHeldDiv.Ev.— l8t,68 '
Clar'<la Br.-68, 1919,
6s.*112'a
liPeorla Dec.
Cp. 68.,*ll'.sia
lat, 78, 1.A D.Ext., 1908,
1121
Evaus.Div.— lst,68,1920 •
lOS
-Middle Div.— Rog.,5e. ..
bt.Cha8.Uge.— l8t,68:
100 '117>«
l8t,S.W. Div., 68,1909.! 110
C.St.L.A N.O.— ren.U7s
Peoria A Pek.TI'u— Ist, 68*104
No. Missourt-lat, 7s.i*100
-98
lat, 6s. LaC.it Dav.,1919
Pacltic R;illro,iil8l,We8tl'n.Tel.-1900,coup. •
Ist, consol., 78, 1897
110
*
lBt.S.Miun.Div.,6a,1910
109
Central Pac.-«., 68
i*110
1900. reg
2d, 68, 1907
123^'
lat, H. * U., 78, 1910... •
jus's! N.W.Telegraph-7a, 1904|"(»>•
Gold, 58, 1951 ...
il09
San JoaqiUn Br.—6s..i*
-I
Chic.it Pac.Dlv.,68,1910,*113iii lloi^l
MtttUn.Tel.-.S.M,6ii,1911
65
Cal- A Oregon-lat. Oa/lOSia
Dub. A 8. C.— 2d Div., 7s '116
^
121
'84
l8t,Chio.* P.W.,5s,1921
97
State Aid bds.. 7e.
,aprlng Val. W.W.-lat,6«
Ced. F. A Mlnn.-lst, 78
Mln'l Pt. Dlv., 58, 1910.
96
I.aud gi-aut bonds, Os.i'loa
Ind. Bl. AW.— 1st pre*., 78 '102
C'.&L.Suu.DiT.,58,1921 "99
"Ss"
West. Pac— Bonds, 6a *110 !ia
181,4.5-68, 1909
70
Wl8.* Min.Uiv..58,1921 90
96
104 >i
So. Pac. of Cal.
l8t,68 "104
BONDS.
2d, 4.5-68. 1909
Chic. * Ni.itlnveBt.—
87
t4o.Pac.of Ariz'a— Ist, 68'
Eastern Div 68, 1921
'104',
103
Sink, tuiid, 7s, iwa.^i
8o.Pac.of N.Mex.-lat,6a:
(Intfrr#< pab<i£il« i/ tamed,)i
Indiauap.D. A Spr.— lBt,78
Consol. bonds, 78, 1915. 132
Union l'aciflc-l8t,68 ..I 113 1134!
2d, 6s, 1911
111
AUeg-nyCeDt- Inc., 1912i
Extension bonds, 78, *85 *104
lnt.AGtNo.— Ist, 08, gold
Land grants, 78, '87-89 106'all07
83
Atl.A Pac.-Inc, 1910...
10
lat. 78. 188.^)
Sinking funil.s, 8a, '93.' 105 ....
Coupon, 6s, 1909
103Hi
,.-..
Central ofN.J.-1908....
Counon.gold. 78, 1902.. 128
Reg., Ms, 1893
Kenfky Cent.-M.6s, 191
---.
,Cent.Ia.— Coup, deb.certa.;
Reglsfd. gold, 7s, 1902. *....... 128
Collateral Truat, 6a...
Lake Snoro—
'ch.St.P..«; M.-L.gr.inc.,6a
102^
Sinking fund, 68, 1929..! 113
M.S. AN. 1., s. L. 78...
do
5a, 1907
il2i)
Chic.A E. Ill— Inc 11H»7,
Sink, fiiijil. (is, 1929, reg "110
Eana-Pac.- lat,6a, '95 *108
Cleve. A Tol.— Sink'g fd.
lioij: DesM.A Kt
'-.tla;
Sinking fund, Ss, 1929.. 103 '4' 10314
iBt, 6s. 1896
New bonds, 7s, 1886.. 1041a
lie.
De(. Ma<
sink. fund. 5s, 1929. rcg
lUia
Denv.Div.«s,a8'd,'99' *98
Cleve. P. A Ash.— 7b
'31
E.T.V.Al..
17
118
90
20
Sink'g fd. deb., 5b, 1933 "00" "oiK
Buff. A Erie— New tide
iBt, consol.. 6s. 1919;*
EliKib.l..Escanaba A L..S.— lst,68
C3r.U.P.-F.C.,78,'95l
Kal. A W. Pigeon-let..
90
Or.BavW.A st.l ^ILIUC, *ij' so*
De8M..V .Min'ap.-l8t,78,'
127
Det.M.A T.-l8t,7a,1900 12613
AtC.A P.-l8t,68,1905 *
90 !,Ind. Bl. A W.-Inc, lOlO
Iowa Midland— l8t, 88..
At.J-Co.A W.-l8t, «8>"
Lake Shore— Div. bonils 1'20
Conaol., inc., 68, 1921...
129
PeniuBula— 1 st, eonv. 78,
Consol., coup., IsL 78.
Greg. Short L.-lst, 68' 83
105
ludsIiocA spr^d— •2d.llio.
*i27'
Chic.A Milw'keo— l8t,7a
Bt. So.- Gen .,7a, 1{h)9*
Consol., reg.. 1st, 7a.
124'a
:;""
'70
Trust Co. ccrtlflcatea..
100
120
Wln.ASf.P.— l8t,78,'87l 106 10714
Exten., 1st, 7a, 1909|"
Consol., coup.. 2a, 78.
Leh. A WUkesli. Coal-'88
,"119
2d, 78. 1907
Consol., reg.. 2d, 78
1231a
Mo, Pac— 1st, cons., 6a. •09
1 1 1 Hj
Lake E. A W.-Inc.,7a, -99
120
an
»Ii].A.Miid.-l8t,08,1905 ....
8d,7B, 1906
Long I8l. KR.-l8t,7a, '08
sandkyDiv.-Inc..l920
lUo'i
100
.C.C.ilna's-l8t,78,8.fd,!
120
let, consol., 58, 1931
Pac. of Mo.-l8t, 68... *1()4
I"109
2d. 78. 1891
U2 lj»f.Bl.AMun.-lnc.,7a,'99
Consol. 7s, 1914
124 <s Louis. West.— Ist, 68
I*
Consol. sink, fd., 78,1914!
St.L.A S.F.-2d, 68, CI A '96 .T....' Mil. L.sb.A u. 111. .luiea
Louievlllu A Nashville—
115V>
102
Mob.AO.
"O.
Oeneral con.sol.. (is. 1934*
108
3-68, ChiasC, 1906.-..
Consol., 78, 1898
.-'
-Jd^prer.
3-68, Class B, 1906... •96
C.8t.P.Itf.AO.-(onsol. 68 109 111
Cecllian Br'ch-7a, 1907
"d. Iin-f
IS
98
C.St.PAM.— Ist.UB, 1918
lat, 6s, Pierce C.A O.
N.O.AMob. -l8t,6B,1930 •91
'
Equipment, 78, 1895..
No. Wis.- Ist. 68, 1930.1
821a
•2d, 68, 1930
0»'
116
aen'Iniort, 6s. 1931.1
8t.P.it- S.C.-let.6s,1919,*116
E. U.AN.-laL68, 1919
.7.1 "*"
80. Pac. of Mo.-lst,(ia "lOO
Chic.A E.Ill.—lat,s.f..cur.' 100
General, 6a, 1930
Tex.A Pac.-l8t,6s,1905 •104
CSllc.St.L.A P.— l8t,con.58
Pensacola Dlv.— 68,1920
Consol., 69. 1905
let, 68, 1020
Caiic. A .Vtl
St. L. Div.-lBt, 6a, 1921
]
[
lat
76,
1
1
-
—
'
I
1
I
A
j
,
—
'
|
[
'
1
'
'
'
'
'
'
IW»
I
j
1
!
'
M
(
I
'
.
I
!
I
INCOME
'
j
I
'
J
1
1
V
I
1
;
'
'
'
,
:
[
'
.
I
-
. .
- .
i
40'
''.
I
.
'
M«i
—
*
2d, «a, 1923
<3hlc..tW.Ind.— lBl.s.f.,68 "102
Geu'l mort., 68. 1932...
O0I.A Ureeu.- let, 68,1916
2d, «8. 1926
Tol.-lBt, 5e
Col. 11. Val.
Del. L.A
7s, conv., '02
A
W.—
"120
Mortgage 7b, 1907
Byr.Blng.A N.Y.— lat,78
UorriaA Eaaex— lat, 78 '136
'
No
prices Friday
;
80
103
78
110
•2d, 38, 1980
Naahv. A Dec— let. 78.
8.A N.Ala.-S.f.,68,l 910
Leban'n-Knox— 6a, 1931
Loniav. C.A L.-68, 1931
Trust bonils, 68, 1922.
L.ErteA W.-let.68, 1919
Sttuduaky Dlv.— 6a, 1910
Laf.Rl.A
Income
N.Y.AM. B'h—l8t,7a,'97
made this week.
these aie latitt quotations
Id. gr.,
92
1st,
Ogd.
86 >
•jol
PeoriaD.il-.v.
1
ho"
•fto"
84
1913
FUW.A ClllG.— l*t
1012
M"
Kvauav.Dlv.- i
ProHa.* PeV fn
reg, 7a, 1900..
2d, 78,
Pltte.
2d. 78,
77
i
Ohi.
reg.
Pa.Co.'8 Buar.l ias,l8t,cp
Reglstere<l, 1921...
PItt.C.A St.L.-latK!.
M— Ist, 6a, 1919
Loulav.N.Alb.AC.- l8t,ll8
Man ti.lt. Bcb (0.-78,1909
A
let.Rlo«. Dlv. ,68,11)30
Pennsylvania KK.—
::.
i.bk
..:....,...;:;ii
1^A.« T. U.-Div. bda-
"ii"
THE CHRONICLE.
592
[Voii.
XXXVIII.
RAILRUAU EARNINGS.
ISevr York City Banks.—The foUowing statement shows the
and the totals from Jan. 1 to condition of the Associated Banks of New York City for the
week ending at the commencement of business Mav 10:
The statement includes the gross
latest date are given below.
A^^erage Amount, of—
earnings of all railroads from which returns can be obtained.
The
latest railroad earnings
The columns under
the heading " January
1 to latest
nish the gross earnings from January 1
the period mentioned in the second column.
Latest Earnings Reported.
to,
18S4
1883.
1884.
1883.
73,414
3)1.3=il
$
330,075
1,104,050 1,415,514
17ii,236
147,069
Ithwk Apr
69.676
61,828
1 st wk l^i ay
94.000
93,000
IstwUMay
27,053
24,051
Aoril
2,034,000 2,030,313
Ai'iril
396 387 293.630
April
58.803
47,540
istwkM'.iy
147.7S1
147,208
March
3,106.028 2,396,534
1st \vk May
30,354
28,435
VVk JIar. 8
60,057
59,603
3,743,431
3, =.14,812
340,307
344,959
855,570
Ala. Gt. Southern .\prll
S4,.i00
a Atch. T.& S.Fe March
Buff.N.Y.A Phil. Kehriixry..
Bur.Ced.R.&No.
Canadian raeiflc
Central Iowa ..
Central PaclHc.
Clie.sap. cfe Ohio.
Eliz.Lex.&B.S.
Chicago & Alton
Chic. Burl. & Q.
.
Ea.'it. 111.
Chlo.&Gr.Trunk
Chic. Mil. & St.P. IstwkMay
Chic. & Northw. IstwkMay
Ch.St.P.Miii.&O. IstwkMay
Chic. &W. Midi. IstwkMav
Cin.Ind.St.L.&C. April
Cin. N. O. & T. P. April
Cln.Wash.&Balt. IstwkMay
Clev.Akr.m&i'ol IstwkMay
Clev.Col.C.& Ind March.....
Danbury & Nor. February..
Denver&KioGr. March
Des Mo.& Ft. D. IstwkMay
Det.Laus'g& No. IstwkMay
Dub.&SiouxCity .^(Iwk Apr
Eastern
March
,
E.Tenn.Va.& Ga.
Evansv. &T. H.
Flint & P. Mara.
Flor.R'way &N.
Ft. Worth & Den.
Grand Trunk...
IstwkMay
IstwkMay
IstwkMay
4thwk Apr
•Gr.BayW.&St.P.
Isl
Guli:Col.&.SanFe
IstwkMay
.\pril
\Vk Jlav
3.
wkMav
HOUS.E.& W.Tex February
6
m.
.
Cent. (Ill.).'lstwkM.ay
(Iowa)' IstwkMay
Do
Ind.
Bloom.A W.llstwkMav
K.C. Ft.S.& Gulf 4thwk Apr
Kan. C. 8p, & M.jWhwk Avv
Kentucky Cent'l February.
I,.Rk.& Ft Smith April
Ii.Rk.M.Rlv.&T. Airil
Long Island
|lst wkMay
ija. & Mo. Kiver Januar.v.
IjOUisv.&Nashv, IstwkMay
Mar Hough. & O April
jilemph. & Charl April
Mexican Ccnt.e. April
Mex.Nat., No.D. ithwk Apr
Southern Div. Ithwk Apr
Other lines
Sdwk Apr
Milwaukee & No IstwkMiiy
Mll.L.Sh.&West.'lstwkMay
Ulnn.&
March.
St. Louis
Missouri
Pace. March
Mobile & Ohio
April
Nash. Ch.& StL. April
K.O.&Northeast'April
N.Y. & New EngiMareh
N.Y.L.Erie& (/.February.
. .
&
5,7--5,361
487,381
521,635
461,029 6.942,000
433,100 417,500 7,004.718
115.400 100,600 1,796,506
30,033
28,202
524,039
193,509 193,141
703,009
211,493 173,116
785,676
S0,35'
570.028
31,005
8,690
149.7.-i2
10,447
318,714 371,478
875,208
13.541
14.293
25.740
453,00.5
548,580 1,333.076
5.519
4,163
112,866
28.765
28,297
464,699
18,373
23,679
267,473
244,293 267.601
765.603
2S0.8i2 273,322 1,318,361
13.538
14,92.1
223.067
49.(31
52,847
860,232
34,361
18,201
378,436
10,800
131.000
6,400
314,573 343,470 5,477,664
5,180'
9,153
131,544
31,719
31,038
530,390
26,899
21,788
50,741
163,800 174,537 3,406.600
27,100
39,117
553,900
46,637
876,253
56,040
49,031
34,045
744,583
31.369
290,079
52,732
46,731
101,530
35,352
36,062
155.280
24.935
30,310
107,268
58,387
56,508
633,132
51,200
49,600
51,200
257,890 237,870 4,604.126
24,383
17,277
87,826
101,703
80,766
439,249
250.000 186,898
865,136
11,000
146,850
23.545
271,027
8,770
9,6.»0
10,035
173,355
20,435
17,830
30i,575
144,018 169,151
373,93
3,977,289
170,6bo i2s',86C
709,584
18.S,167
161,435
792,473
25,262
5,881
132,910
259,431 296,311
753,759
1,233,409 1,283,616 2,505,740
386,742 388,11>820,388
71,704
76.974
199,899
50,960
48,588
895,636
13,6S9
16,291
246,779
419,00(1
•
W
N. Y. Pa.
850.7.i2
1,221,777
•474,256
6,625,000
1,156,603
209,719
2,639,734
O. Fibruary..
N.Y.Susci. &Westi March
]
.
Tradesmen's
Faltou
Chemical
Merchants' Exch
7,0;13,274
Mercantile
6,936,188
1,S67,464
508,262
Chatham
1,469,877
97.856
502,620
312,724
786,068
1,248.236
239,359
874,949
315,428
101,C00
6,136.758
130,314
587,811
46,637
3,632,997
649,783
991, "29
59.i,732
&
Greenwicli
Leather Sfanuf'rs.
Seventh Ward
St.ate ot N. Y.-..,
Amorlc'u Escli'go.
Commerce
Broadway
Pacific
Republic
Peoples'
North America
Hanover
...
9.3',378
Citizens'
Nassau
Market
Nicholas
& Leather
Com Exch.ange
Contlncutai
St.
Shf.e
..
Oriental
Marine
Importers'^ Trad.
19,325.206
19,682,000
1,781,900
1,561,000
1,193,000
15,804,300
8,349,000
3,795,000
5,976.000
Paik
Wall Street....
North River .
East River
Fourth National,.
Central Nation. il,.
Second National.
Ninth National...
First National
Third National...
N. V. Sat. Exch..
4,799.400
1,576,000
2.014,100
1.881,100
2,049,700
4,248,500
2,573,300
2,215,500
2,180,300
4,478,400
1,378,900
Oiriiiau..\iiieric'u.
Chase National...
64,9.207
Germania
United States
Avenue
G ?rman Kich'nge.
Fifth
Lincoln
Garlield
Fitth National
1884.
1,100
270,000
7 b 6,6 06
285,000
6 10, -200
224,000
45,000
2,600
525,900
12,200
841.300
900,000
404,000
180,000
45,000
5,400
5'i6',50d
66.0
;o
190.000
189,400
4S5,800
225,400
145.000
133,900
l,77/.,700
418,000
27,200
225, ICO
22,278,900
23,427,600
1,654,200
1,418,000
951,600
324,500
1,305,000
270,000
4"'32,20d
450,000
'62,106
1,335,300
45,000
224,600
360,000
297,000
45,000
600,000
449,900
1G,039,'200
9,506,000
4,180,000
6,871,001'
16,418,600
5.270,700
1,328,000
2,009,600
2,441,200
2,183,500
6,608,700
2,879,400
2,303,700
270,000
225,000
180,000
45,000
2,.329,600
449,900
44,700
180,000
135,000
5,785,800
2,294,700
821,400
1,215,200
Loans.
totals for several
SpecU.
\L.
Tenders.
weeks
Deposits.
past:
Circulatio7i Agg. Gtear'ga
$
$
Apr26!343.355,n00 58,215,300 28,125,500 335,684,000 14,493,800 707.078,332
Mav3i341,990,500 55 997,100!28,112,800 333,215,800 14,417,500 85.5,711,696
•'12,333,424,100 53,841,700,28,069,300 329,822,200 14,190,200, 811,778,563
Boston Banks.— FoUovnng are the totals
Loans.
1884.
L. Tenders.
Specie.
Ap.28 145,734,000 6,178,800
May 5
6,143,200
6,238,800
143,958,801)
12 14'2,570,900
••
Deposits.*
4,570,100
4,564,100
4,724,300
Philadelphia Banks.— The
of the Boston banks ;
Circntution Agg. Ctear^gs
63,511,643
96,692,600 23,993,600
94,138,800 23.827,000
94,170,900 23,305,401)
7.3,168,347
67.804,253
totals of the Philadelpliia
banka
are as follows:
1884.
Loans.
Lawful Money.
Deposits."
$
$
$
Apr. 23
79,203,408
5
79,17.5,125
"
.
& Read'ff. March
!
Cent.N.J.iMarch....
C. & Iron [March....
E.ehm'd &Dauv. 'April
Ch. Col.& Aug. 3d wk Apr
Columbia&Gr. 3d wk Apr
Va. Midland
April
.
West. No. Car. April
Eoeh. & Pittsb'g IstwkMay
1,456,180 1,669,341
731,964
914,465 1,160,48s
317,000
13,796
9,8^6
120,883
31,997
267,300
12.709
9,120
104.433
21,768
4.192,869
3,193,417
2,850,264
1,273,773
255,397
221,666
456,951
127,346
4,731,878
3,035,021
1,203,619
1
*
Unlisted Securities.— Following are
week
263,596
283,587
44(i,224
95,580
116,751
327,045
16,763
496,228
235,913
94,302
59,823
1,206,167
319,630
2,421,203
415,973
21,351
11,071
336,260
133,163
120,621
327,546
16.763
12,640
/ 12,640
et.L.Alton&T.H. 4thwk Apr
34,262
30.376
481,433
Do (brchs.) IstwkMay
12,920
10,528
280,775
Bt. Louis & Cairo 2d wk Apr
5,606
6,811
71,349
Bt L. Ft. S. & W. 1st wk .M.ay
5,948
3,376
160,529
Bt.L&SanFran. IstwkMay
77,652
65.868 1,506.131
Bt. Paul & Uul'th st wk May
20,330
22,698
306.622
Bt.P.Min.& Man. April
804.999 812,016 2,361.533
Bonth Carolina March
110,695
136,783
373,594
6o.Pac.Cal .N D. February..
72,979
72,045
153,392
159,0.34
Do So. Div.g. February.. 367,613 279,926
577,870
579,659
Do Arizona!/. February.. 152,101 161,782
318,170
341,783
Do N. Mex.fl'. February.
54,7.=.2
49,346
109,586
105,920
Tex.&St.Louis/i 4thwk Apr
13,352
241,848
Tol. Cin. & St. L. February..
83,641
61,598
177,185
lii",60i
Cnlon Paoiflo... March
1,972,712 2,391,753 5,059,589 5,931,836
Utah Central. .. March
81,599 104,669
232,315
302,730
Vlcksb'rg&Mer. April
36,104
29,237
161.243
169,336
Vioksb.Sh.&Pao. April
5,586
3.151
43,398
28.924
West Jersey
March
82,493
76,849
218,979
200,725
Wisconsin Cent'l April
124,748
124,678
492,08(
441,141
a Includes Southern Kansas lines in both years, b Includes Southern
Division.
c Includes Iron Mountain Railroad.
d Not including
earnings of New York Penn & Ohio road.
e Including boti divisions.
f Snow blockade.
g Included in Central Paoiflo earniaixi above.
A Embracing lines in Missouri, Arkansas and Texas.
Eome Wat.& Og. March
Bt.John8li.ctL.C. .lanuary...
19,729,620
71,970.084
72,4-27,991
20,083,011
12
79,059.417
20,238,643
72,548,973
Including the item "due to other banks."
May
I
.
S55,806
!
. . .
Do
Do
450,000
333,424,100,53,841,700 23,089,300l329,822,200,14,19O,2OO
.
Phila.
760,500
223,200
223,700
437,000
79,600
309,500
1,220,400
749,300
98,000
62,000
1,115,800
Total
1,184,690
1,890,100
189,400
150.000
126.300
1,005,900
1,471,000
330,000
445,900
715,800
350,600
258,090
220,200
980,1200
The followmg are
152,265
313,081
360.158
4,031,629
698,167
760,250
22.354
779,703
2,803,485
840,3-3
211,778
848,750
230,094
1,492,983
2,174,912
320,220
5,176,600
3,433,500
72,200
24,000
102,800
3,043,700
515,000
658,000
1,044,300
3,854,900
1.039,900
128,400
l.',22(j,400
Bowery
169,292
131,548
49,600
4,460,199
75,052
308,930
670,107
tion.
$
•
Irving
Metropolitan
N. Y. County
'
.
City
Gallatin National..
Butcliera' it Drov.
Meclianlcs'
Tr...
& West. 18 dys May
ShenandoiihV 18 dys May
Northern Ccntr'l March
46-',504
506,80.=.
1,271,023
Northern Pacific 1 st wk May 323,600 178,145 3,748,200
Ohio Central.... IstwkMiiv
27,508
23,603
338,565
Ohio & Miss
'.'d wk Apr.
8(;,9S,3
92,392
Oregon & Cil. February.
61,997
57,390
137,491
139,71/0
Oregon Imp. Co. February
225.133 221,915
489,325
460.452
Oregon R.&N.Co A]iril
432,000 399,290 1,300,896 1,43 ",625
Pennsylvania
JInrch
4,002,627 4,189,380 11.003,593 11,830,952
Peoria Dec.LVEv.i IstwkMay
11,258
11,077
260,037
224,602
Phlla. & Erie ... March.
235.402 308,069
747,067
923,472
Norfolk
Union
America
Phenix
Circula-
S.
1,743,000 1,11 '2,000
9,730.000
1,239.000
686,000
6,946.000
9G3,0.lO
8,070,400
878,100
7,688,500
8,340,000 1,241,000
751,000
7,428,000
4,360,000
439,100
369,400
3.386,000
10,234,400 1,160.500
533,900
7,817,400
3,005,000
592,0001
129,800
2,689,000
'7,011,700 2,227,600
422,000
7,355,000
266,100
8,198,400
142,200
1,902,200
414,300
1,040,600
l,37.'l,300
102,600
14,451,700 3,361,600
999,300 14,822,000
3,175,600
336,600
411,400
2,72",000
255,200
4,770,300
488,200
2,854,600
1,843,600
590,100
115,300
1,95;<,600
1.104,000
94,000
lOl.OllO
1,103,000
1,072,'00
52,000
108,100
1,053,900
3,164,100
212,600
451,200
2,430,500
1,221,800
248.200
118,300 1,255,900
4,201.400
618,800
352.800
4,238,100
11,556,000 1,398,000 1,722,000
9,044,000
18,392.200 4,184,000 1,332,200 15,874,700
6,207,800 1,003,700
286,700
5,024,000
7,130,700 1,820,800
660,100
7,592,500
2,.S97,700
393,100
166,600
2,872,200
589,100
3,612,300
654,300
3,190,000
4,262,900
619,900
371,200
4,620,200
134,000
1,642,400
89,100
1,791,100
251,800
3,366,000
363,200
3,522,500
9,593.900 2,179,800
590.000 10,240,500
330,S'0O
3,190,800
309,100
2,982,500
10.977,000 1,779,000
491,000
8,425,000
638,100
2,811,700
284,200
3,298.600
164,500
2,403,700
223,100
2,(178.000
437,400
2,898,100
109,201
2,399,300
102,000
2,732,000
238,800
2,424,900
3.322,000
653,000
231,000
8,504,000
668,400
5,412,400
211,000
4,380,300
6,053,600 1,347,400
488,300
7,221,100
2,200,400
108,000
335,000
2,111,400
Mercllants'*.
1,175,297
397,950
7,C88,479
1,141,841
203,976
2,638,550
5,033,285
542,920
483,173
752,663
740,438
613,489
170,084
993,181
38,061
other
than U.
9,G«t!,000
7,5f:9.000
Manliattan Co
to Latest Date.
Net Deposits
Leoal
Tenders.
Specie.
discounts.
Meclianlcs'
WeekorMo\
&
Loans and
New York
Jan, 1
Boadt.
Chie.
Banks.
date" fur-
and including,
Oircalation.\Agg. <JUar*ga
$
$
8,509,055
8,491,911
8,498,613
52,090,551
58,393,299
55,885,829
latest quotations for
Securities.
Securities.
9.ile Dep.— Perp. dob.
Atlantic & Pac— 6s, 1st JI
Blocks, 35 p. c
Cent. Div., old
Mut.Un.— Sl'ck trust ctfs
M.K.&T. — Income scrip
Am.
Ci-'nt.
Div., neti-
Accumul. laud grant
Host. H. ife E.— Now stock
Old stock
Host. H.T.<fc West.—St'ck
=8
7
Debentures
Buff.
N.Y.i
57
"-J
Phlla.
Pref
Trust bonds, 63.
California Pacittc...
Chic. &, Atl.— Benet. stock
Continental Coust.Imp.C'o
Denv.tfe Rio
Giando— Cons 44
5s
25
W
Istm.O-.ar.liyD.iftHiuG.
Denv. A Rio Gr.
38
60
65
Subs
Georgia Pao
20
60
27
2
Edi.son Electilc Light
at mort.,
6
IOVj
Stock
i'l"
100
2d mort
B.
I.
&
\v.
Income bonds.
Koely Motor
Lebanon Springs— 1st M.
Ilk
Mahoning Coal A RK
Mexican National
3
10
Pr.-!
Ist mort
Mo. Pacific— Old stock
Cowdry
HolincB
ctfs
18
20
2
2%
71-j
'
2Hi
42
41
9
70
10 "s
72
15
17 >a
2
64 >2
70
3
26
mort
Postal Telegraph— Stock
1st molt., 6s
Postil Tel.ifc Cable-Stock
Sel. R. & D.— Ist, stpd '82
60
13
2d mort., stamped 1882
& Western ...
Pac, 1st mort
2d mort
Kans. & Neb., 1st mort.
St. Joseph
St. Jo. tt
30
State of Tenu.— Set'm't.38
settleinent, 5s
Settlement, 68
Tex, & Col. Iipp.- Ex-bond
Texas Pacific— Old scr p.
2h
63
Bid.
N. Y. M. Uu. Tel.— Stock.
N. y. W. Sh. &. B.-Stook.
New Jersey Southern ...
North. Pac— Div. bonds
North Riv. Cons.— 100 p.c
Ohio Cent.— Riv. Div., Ist
Incomes
peusacola & Atlantic 1st.
Pitt sburg ife Western
1st
.
1
a
past:
12
4
45
New scrip
Tex. 8t.L.,M:.&A.div.,as.p
M. <fc A. Div., let mort..
M.&A.Div.,lncome3,a3 p
68, 1st mort., in Texas..
GPn. Ist.ld.gr.&iiio.asp.
U. S. Electric Light
sburp: & Meridian...
^iTncoinea
381a
100
85
3»<
2
I
10
I
Mat
THE CHRONICLR
17, 1864.]
698
Qaotations In Boston, Philadelphia and Baltlmoro.
8KCUR1TIK8.
BKCUIUTIES,
Bid,
117
Maiiio— 7ll
* AUmiiy—7i
...
(is
BoHton
Lowell—7s
<fe
Ox
Bonlon
Provlileno©—7i
<t
Jlinl. .V Mo."l.(l. Ki-.To
I'.xotnpt
Nrl'l:! ikl). (is.
lis
N.'hr;i-.kjl. tJri.NoU-OX'pt
Nilil. 1^1-11, !«
i':isMiiiiiiialo
((tiiii. .V
—7a.
fiMlimHori Vulk'jr-8»....
iio'
llOHi
*
Little K. ,t Ft. N.— 78, let
K. I'lty .spU & Mem.— 6«
Mexican Central—78
—
llU'tlllHV
N. Y.
*
lift
110
118
U
lot)
7«
A
So. P»c.—79
OKdonitli.A L.Cb.—Can.68
N. Mexico
H.AB.T— lat,78,g.,1890
l8t
nsu
A Topeka
174 >«
BoHton A
Beaton A Lowell
Boston A Mulue
BoHtou A rr(ivl<lenco...
Albiiny
lift -J
lift
l«2'.j 106
Chic. A West M Ichlean.
Clnu. Siinilusky A Cleve
Concord
Connecticut River
Conn- A Pn8siinii)8lo
Cennotton Valley..*.
Det. LanBinK A No., pref.
Flint
A
Marquette.
I'ere
Preferrcil
Preferred
Iowa Falls A Sloni City.
Kan. C. S|>rlnef. A Mem.
Uttle Itock A Ft. Smith.
LontsianaA Mo. RUer..
172
il2'
B.-Ut,6»,1910
Phil.
2d, 79, coup., 1893
22
lUl
16
Manchester A Lawrence.
Marq. llonsht'n A Onton.
Preferred
A
146
Ijowell
N. Y. A New Kn^land ...
Northern of N. itampsh.
161
Norwich A Worcester.
141
Old Colony
U^
A Lynn ...
A St. Louis
V<;rmout A Mass
"Worcester A Nashua
Bevere Beach
Tol. Cinn.
141 >a
19
107
Pitts. Titus.
Preferred
Sunbury
A8htaM(l:vA Pittsburg..
68, P.
,
Preferred
Huntiui;d'n A Broad Top
Preferred
Lehigh Valley
Preferred
Little Schuylkill
Minehill A Sch. Haven...
Nosnnehoning Valley
Norfolk A West'n— Com.
Pref erred
Northern Central
North Pennsylvania
A
NoiTlstown
Ptalla. Newtown A N.Y..
Phlla. A Reading
Phila. A Trenton
Schuylk.
17
70
94'
bo"
126
112'«
80
'82'
193
2d
Wash.
A
A
...--
ColnmbiaA Greenv.— lata
Allegh. Val.— 7 .S-lOs, '96
78, E. ext., I&IO
Inc. 78. end., conn., '94
tsb.— lst,68
Aahtab.
Pitt:
..-
'84, J.AJ
&0
68,1900, A.
68, gold.1900, J.AJ....
20
A
1908
ii'i'
Belvlde Del.— l»l,68,l«02
101
2d, es, 1883
3d, 69. 1887
BeU'9 tiap— Ist, 7». 1893 i'ii' 117"
l8t.«8, l90r,
CoUROI.. 6», 191S
Buff. N.V.A Phil.— l»t,68
2d, 7s. 1908
Cons. 68, 1921...
1922
A
B
Plttab.ACon'ella.- 7aJAJ
Union RB.— lst,guaJ&J
68. Series
58, Series
Canton endorsed
Virginia
88
Per share.
A Tenn.— 68 ....
W.Md.— 6s,
A
129
70
187 •«
135
62>a
15»4
113
87
99
65
80
991,1
99 "a
68
31
100
65
102 13 103
120
118
103
101> 103
124
128
105
102
1883.
l>3,806,791
2,59i<,033
Interest requirements
year
A Weinon— Gold. 79
$2,701,343
$3,334,977
$3,906,701
740,947
408,589
942,939
174,928
531,5.'i7
4S4,951
279,8«6
1,033,128
152,067
425,701
l,164,36fi
180,833
$2,267,403
$2,302,449
$437,940
$1,0.32,528
83-81
69'00
my last report, has since then been completed, and is now
ready for business. It has a capacity of 1.500,000 bushels, is
constructed on the most improved plan, with all modern appliances for handling grain, and will, without doubt, jrove one
on the Atlantic seaboard. It
auxiliary to your road, and lead to a
large development of its grain traffic. The coal traffic for the
year, notwithstanding the depressed state of the iron manufacturing and other industries uixin which the consumption of
coal largely depends, I am pleased to say continues to show an
increase." * * "One hundred and seventy-seven ocean steamers
were supplied with fuel coal from yoiu- company's whan.-es at
much larger number, I am
Newport News during the year.
satisfied, would have touched at this port but for the arbitrary
restrictions placed uiwn this commerce by the compiilsory
pilotage laws of Virginia, It is to be regretted that the Legiafature of Virginia has not .vet realized the importance of abolishing or abating this arbitrary burden upon tin- commerce of
her ports, which operates to nullify, in a measure, the superior
natural advantages thev might otherwise claim, as compared
with her neighbor Hta'tes." * • » " The e.xpnditures for
the current year over current charges will be limited to such
enlargements and additional facilities as will yield an iinme* • '•Theoiwningof
diate return in increased earnings." »
the railroad between Memphis and New Orleans, wliioh will
Texas
be owned and operated by the IxsuLsville New Orle.ins
Railroad Company, will have an important bearing uiKJn the
construction of this gap, and will extend your connections to
New Orleans, and, via the Southern Piu-itic sj-steui. to Texas,
Mexico and California. But for the prevailinfr hisrh water on
103
139
110
most
efficient elevators
must become a valuable
A
&
the lower
Mi-ssi-ssippi this
would have
1"
may now
b
the
•
ice
by mid-summer. Jlemphis, Vicksburg .mu .m v» uimh:. will
tracked
road
thus be connected by a first-clas-s, low-grade, steel
of 450 miles, on which fast trains and heavy freight trains can
May
next, and
<
113
120
Ex rights.
$2,599,832
$1,306,859
66-54
in
early part of
Wllm. U AAag.-«8
}
2,302,443
Earnings over oporatln; expenses
$1,032,.^28
$1,306,958
uimn tbe funded debt for the
In cash were
$D79,260
The total Interest liabilities in cash tor the current year 18S
will be
l,279,2CO
The earnings and expenses for three years were as follows
1881,
1882
1883.
42l"
Miles operated
499
517
Earnings —
Passenger
$504,204
$621,59S
$695,105
2,106,.5!i'2
Freight
2,600,539
3,081,032
94,547
109.840
Mail, express, etc
130,654
The
of the
A
In detaolk
$.3,334,978
The company has not yet realized the full benefit of its Tidewater Extension to Newport News." • * '-The grain elevator at
Newport News, to the construction of which allusion was made
2d, guar. byW.Co.,J.AJ.
J
68, 3d, guar., J.
t
Gross earnlnga
Operating espouses, including taxes
'
'J2
J.AJ
Ist, g.,
J
2d, gnar., J.
Wll.
t
126
.
Bait.— lata.
2d8
No.Central— 68,
From
'
Aug.— lat..
2d8
3d9
44>!>
the report.
the remarks of Mr. C. P. Himtington, the President,
the following extracts are made
" The business of the company for the pa-it fiscal year has
teen sufficiently gratifying to meet the reasonalile expe<aations
of the stockholders and bondholders." The gross earnings and
operating expenses for 1882 and 1883 compare as follows :
tics of
Total (incIuOlng taxes)....
Net earnings
Per cent of oper. cxp. to earn
102
Balt.AOhlo-es„'85A.AO
Cen. Ohio.—6s, l9t,M.AS. 107 »4 108
Cln.
It
Giiueral
97
RAILROAD
A Chart.— lat.
Chart. Col.
(ft.
alM
<:
Maintenance of way, etc
Maintenance of equipment
Transportation expenses
—
BONDS.
44
ihi
.\nril.
'
60
Atlanta
Inc
nnd in fm
on
iinr rnhnnrlherM of 11.
IA
,u,TH of (/i» Cii.iu.xicxn
ilmnrihtri at $1 per nopy.
Total gross earnings
Operating expenses—
BALTIMOKE.
Parkersbnrg Br
iiref...
•Kx-dlTldend.
62
84
60
Ceutral Ohio— Com
Pittsburg A ConneilsTtlle
50
Western .Maryland
17 >«
'
ioi'i
Ist pref
2d pref
10
111
.'
1(^82.
90 '^t
Par
Atlanta A Charlotte...
100 185
Baltimore A Ohio
RAlLltOAD BONDS.
'l-r. ris.
128
114
RAtLR'D STOCKS.
CANAL STOCKS.
l8t.
130
118
t,6s,rg. 108
Nav.— I8t,r
2d,6s, reg., 1907....
United N.J. Companies..
Lehigh Navigation
Penusvlvania
...
68
60^4
I
_
:
lOlHl
B„ 1896
Greenw'd Tr., 7a, reg..
MoiTia— Boat Loan rg.,'85
Pennsylv.—69, cp., 1910
Bait
West Chester— Cons. pref.
West Jer..)ey
West Jersey A Atlantic.
,
Il01'4
A Del.— l9t, 69,1886 76 82
Lehigh Nav.—69,reg.,'84 104 "u
116
Mort. RB., reg., 1897 .
eSii
PIttsb.Ciu.A St. L.— Com
Ist, 6s.r0!;.
I
lllHl
Che9.
SBSb
Peun.sylvania
Philadelphia A Erie
Schuylkill Nav..
122^1
CANAL BONDS.
13
67
'M«
^,.
78.
Cons., 78. reg., 1911
40
68
in,.
would doubtless be acceptable to the many holdand bonds of this company if it would adopt the
clear method of the Lake Shore & Michigan .Southern or
some otlier e<iually good company, in preparing the statte-
Gen., 79, coup.. 1901
59
57
134
.
u cnmpM'-
ers of stock
W.JerseyAAtl.- lat,68,C. 106 >s
Western Penn.— 68,coup. 107
40
22
« E \ <r E
(For the year ending Dec. 81, 1888,)
The annual report of this company for 1888 is J«»t {mblished.
The income account and balance 8hi<et of the company ore
always very oliecure, by reanon of the unusual method of piesenting these accounts in the annual report. There is >io income account pro|>er, but a statement of " reottipts and dfebuniements for the year" is mven with many petty details, Including also receipts from sales of Iwnds. It isaumoient to s^
of the general balance sheet that it (X'cupies seven pages of fine
print in the report, whereas In the majority of railr^d reports
a half page is sufficient to give a clear alwtract of assets and
liabilities.
Ist, 78. 1899
Cons. 68, 1909
6»4
Delaware A Bound Brook
East I'eun.sylvauia
Elinira A Wllliamsport
A
122 >a
132
119
119
106
.
Gap
Phila. Wllni.
108
102 "a
105
104
101
103
W. Jersey— 1 st, 68, cp.,'96 113
Preferred
Pblla. tier.
Erie— lat,
134
Warren A F.— 1st, 78, '96 113
West Chester— Cona. 78
Allep!lu-nv Valley
BnfTalo .V.Y. A Phil
Preferred
Camden & Allantic
Preferred
Catawi.ssa
1st preferred
2d preferred
A
1
ChPHapcako & Ohio Kallwajr.
Con9. 09, gold, 1901....
Cons. 6s, gold, 1908
Gen., 4a, «old, 1923....
PHILADELPHIA.
RAILROAD STOCKS, t
Bell's
A B.— 7s,cp.
A Potts.—79
Shen. Val.-lat. 78, 1909
Gen'169, 1921
Income, Cs, 1923
Income, 58, 1914
1. 1.
ANNUAL REPORTS.
Sunb. Has. A W.— lat, 58
2d, 68, 1938
Syr.Oen.A Coim.— Ist, 78.
union A TItusv.— lat, 7s.
United N. J.— Cons.63,'94
30
"id"
WiBconsiu Central
Cons. 59, Ist 8er.,c.,1922
Cons. OS. 2d 9er.,c., 1933
Conv. Adj. Scrip, '85-88
Debenture coup., 1893J
Scrip, 1882
Conv, 79, R. C.,1893..«
Conv. 7b. cp.ofr, Jan.,'85
Phil.Wil.A Halt.—4s,tr.ct
Pitls.Cin.ASt.L.— 79, reg
TE
liKr.nmbe.r,
.
lYu'
ShamokinV.
.
Portland Saco A Fortsm.
Rutland— Preferred
—
Cons., 78, reg., 1911
Cons., 78, coup., 1911 ..
Cona., 69,g., 1.B.C.1911
Imp., 69, g., coop., 1897
Gen., 69, g., coup., 1908
Gen., 7s, coup., 1908
Income, 7s. coup., 1890
•80 Hi
16
A
A
120
23
Preferred
Maine Central
Ka.<thua
Cons., Bs, reg., 1905....
Cons., 6s, coup., 1905...
Con»., 69, reg., 1919....
Pa. AN. V.C.-78, 1896
GuU
FortijcoltA
,
c'l/jir
cents ea</i.
105
reg,
Phil AErlo— 2d.79,cp.,'88
Cons., Os. 1920
Cons., 5s, 1920
N.Y.— lat
Phlla. Newt.
78
,.
FitchbnrK
Bxtra
105
108
115
100
129
7,1906
Perkloinen— 1 9t, 68,cp.'87 101
Clioshiro. pioft'ircd
Eastern, MaS3
CltyA Ciac— lat, 6a.
Creek— l8t, 6a, coup.
Pennsylv.— Oon., 6a,
Oen ,6s, cp., 1010
I IV
June, Augiinf.
<mt extra i^hu
ItbacaAAtli.- lat,gld.,7a
Oil
Oil
STOCKS.
D
'of
la»t Satnrildj/
91
Debenture 6s, reg
Norfolk A West.- 06n.,69
N. R. Div., l8t, 68.1932
A
Railroada
Jnnotlon— lat, 6b, 1682
2d, 6a, 1900
I*h.V.— l8t,69,C.&R.,'98
12
133
2d,7e,reg., 1910
93
126
Cona. 6a, U.A K., 1923
lU2>a N. O. Pac.— l8t, 88, 1920.
No. Ponn.— l8t,69,cp.,'86
2d, 78. cp. 1896 ...
Ark. Val.—7».
Kutlaml— 68,
Sonera— 7n
117
Cona. 68, 189«
Oon.,79, 1003
A
AtcliLson
Isl, 7s, IS.sM
IKnsloilAAmb'y- .Is, Ur.Ml
lEl AWnisp't Ist.Us, 1910
69, perpetual
Harrr8b'g-l8t,6a, 1883
RO
ThHl!«viWTiiiw'Hiippi,RvrRTr'''/M/'(it/;j.y
Fbnileit ih/il '''<''' .-...."•'
43^1
Colony—78
«8
Poeblo
All.- lat,7a^.,'93
I I.
106
New 79, reg. A coup
132 >«
Chnrfrs V. -Tat, 7», 1901
Connecfa (N.cp., Ui00.(l4 iVf
Cor.CitwanA Ant., deb. On,
Delaware ttw. rg.A ep.,V.
l»t.7« 126
iDel * lleunil Hr
Incotno
01<l
o.,'80
1889
92
90
N. Knglaud—6s.
(Is,
871)1 .'Kaal I'enn.
IB
5ii
Eaitrrn, Mbss.— 6», new..
Oiilf—7r>...
Fori Scott
K. Clly I.nwr. A -So,— 6«..
K. Citv St. J(i. JSC. n.— 7g
Amb<>y-6«,
Mort.,
2d. 0«, 11104
Coua., 6 p.
Cam. A Hurl. Co._08, 'D7.
Catawleaa— l«t, 7«, COD. 0.
Chat. M., 108, 1888
llU'OIIM'
>t
A
Cam. A
Cam.
132 <a
Atliinllr.t l>,U'IIIo— e«...
IIOHliin
RA
Bntr.Pllta.A W.-Oen.,B«
MOKTON.
Al<'ll. .» liiln'kl^-lBt,?*Laiiil Ki'iKtl, 7rt
il<Miuu
luucstmciits
BM.
THE CHRONICLE.
594
[Pol.
XXXVm.
be run with great speed and economy, so as to fit it to take its choice coal land situated near Scranton, Pa., and also perpart, in connection with your road, in tlie business between the fected the means by which the early development of other
national capital and the Gulf States, and also to participate in projierties is assured.
" The company has under its absolute control, by virtue of
the movement of merchandise between the Atlantic States and
the great fertile regions of Texas, Mexico and California."
the ownership of a majority of capital stock and perpetual
The liabilities of the company on December 31, 1883 and 1883, traffic contracts, the following coal properties, situated in the
were as follows
Slocks-
198-2.
.'R8,147,8n3
First preferred stQck
Becoml preferred stock
8,861,01.5
1.5,906,133
Comraou stock
18=3.
$8,447,803
9.468,S65
1S,906.133
^2,914,936 $33,822,306
Total stock
Botuls—
Virginia Central bonds
Funded interest notes on Vir. Cent, bonds
Purchase money funding bonds, 6 percent...
Mortgage jjold boiid.s. series A, 6 per cent
Mortgage gold bond.a. serie.s B, 6 per cent
Mortgage bonds of 1918. 6 percent
Mortgage bonds of 1911, (i per cent
Mortgage bonds of 1922, 6 per cent
Equipment trust bonds
13,1.58
10,(i40
12,740
2!,279.00O
3,000.000
2,279.0J0
1ft,
>,000,000
10,1,122,500
10,4.50
2.<i00,0:i0
15,000.000
10.ie2,500
1 ,975,000
2,000.'i00
42,01)0
290,000
1,014.000
Lackawanna Valley, Pennsylvania, viz.: Proj^ertios of the
Pennsylvania Anthracite Coal Company, 3,740 acres Lackawanna Coal Co. (Limited), 513 John Jermyn, 1,000; William
;
:
Winton,
Edwai'd Dolph, 700; Spencer Brothers, 350; Frank
Collins, 185-a total acreage of 6,187." * * *
"Our General
Coal Manager estimates our daily output of coal for the current year, from and after June 3, for each and every working
day, at a daily tonnage of 3,300 tons." * * * "From the
properties of the other parties with whom this company has
perpetual contracts, it would not be unreasonable to expect a
daily output when developed to their full producing capacity
of 3,500 tons, or an aggregate daily output of 6,000 tons from
properties absolutely secured to this company." -* * *
The amount of the several classes of securities of the Midland
700;
'
'
Total bonded debt
Other liabililies—
$31,690,298 $32,490,690
Personal accounts
Additional vouchers unpaid
Bills payable
457.229
223 328
2d9,909
151,840
5,168
Pay-rolls
Unclaimed wages
Total
Total
$1,115,474
370..530
260,127
171,233
7,493
Sl,762.498
bills receivable, etc
1.442.266
1.635,652
$64,278,462 $66,429,842
In advance of the publication of the annual report, the following summary of operations in 1883 has been prepared for
the Chronicle in comparison with 1883 and 1881
EARNINGS AND EXPENSES.
Miles owned
Miles leased and controlled.
Mail, express, etc
Total gross earnings
Operating expenses and taxes.
issue of these securities (as stated in
$8,997,179
Amount converted up to Dec. 31, 1882
Amount converted durlngyear
$5,603,719
262,604
5,868,323
691.192
INCOME ACCOUNT.
Capital stock
$3,128,856
"Our arrangement with
1,5.54,616
260,8^16
1892.
696
$
1,020,464
1,699,310
30-2,592
3,0 .2,366
1883.
2.53 276
196,119
30,306
575,770
569,164
3-27,739
433,:<7.5
28,456
20,752
Freight, coal
479,701
931.964
21i,4Ul def. 43,311
GENEBAL BALANCE DEC. 31, 1882 AND ISSH.
1,023,291
Earnings —
Passinger
Total disbursements
sur.
Current vouchers
Bills payable
Accrued interest not due
Balance credit of income account
snr. 13,-228
1892.
1883.
24,519.782
24.727,266
244,8 9
92,614
15,397
2,-0.o44
62,483
15,958
211,952
25,090,718
;..
York
&
Shore
&
Ontario
Buffalo
railroad
Little
260,9;j3
Total operated
Locomotives
Passenger, mail and express oars
Total gross earn ing,s
Operaiinii expenses—
Maintenance ot way, etc
Eciuipment and motive power
Transportation expenses
Miscellaneous and taxes
25,341,019
.$
lO.OOD.OOO
14,137,3(0
Net earnings
33=^,629
50,00'i
Net earnings
25,090,718
222 215
595,875
25,341.019
New York Susquehanna & Western
Railroad.
{For the year ending Dec. 31, 1883.)
The annual report for 1883 contains the follovdng
"With the closing of the fiscal year on December 31 last, the
company completed the first, in its history, as a coa'-?arrying
road, and it will be noticed from the accompanying statements,
that it transported for that period 329,533 tons of coal. Owing
to the general depression in business during the past year, the
anthracite coal companies worked their mines only 851 days,
and the loss of sixty -two working days necessarily reduced our
coal output. Our dally average of coal tonnage for the 351
working days of 1883 was 1,313 tons.
Ton*.
the mines of the Pennsylvania Anthracite Coal Co
"
Lackawanna toal Co. (limited)
"
"
John Jermyn
141,778
97,864
39,880
Total
329,522
" The necessity of enlarged facilities at the mines to increase
our daily coal output received the early attention of your
board of directors during the past year, and to accomplish
this result it was deemed expedient to create a special coal
trust fund of $150,000, to be applied specifically to the securing
of new coal properties and the early development of the
same, as well as to ensure the speedy development of the other
properties controlled by tliis company. This trust was consummated in November last, by means of which the
company has secured control of some 350 additional acres of
1883.
131
itj
16
147
33
34
147
1,457
33
34
1,457
$187,442
501,058
37,457
$223,194
736,531
78,931
$725,957
$1,033,656
$78,217
193,771
31,o5J
$133,466
229,470
230,019
45,636
$478,001
8247,956
$638,591
$400,065
1-74,454
Total
ffi
324,460
159,637
582,617
and othar cars
Freight
Mail, express, etc
10,000,000
13,6-d7,30O
3M7.t)74
1882.
]31
Miles owned
Miles leased and controlled
Eentalspaid
Interest on debt
in transit....
New
:
1,036,319
Total
Liabilities—
Capital stock
Bonded debt
the
New York West
Western and
$
888,653
Cost of property
Supplies on hand for current use
Balances due from other EK. companies, etc.
Due from United States Government
B
Scrip No. 1
Scrip No. 2
$
691,192
Miscellaneous
$140,738
1,068,786
936,357
435,615
47,360
A
ROAD AND EQUIPMENT.
696
$
924,725
1881.
—
class
class
$3,128,856
1,036,519
344
352
1,134,871
Leaving amount unconverted Deo. 31, 1883.
Divided as follows
ReceiptsNet earnings
Disbursements
From
was
lastreport)
1,935,347
3.52
1.8-26,066
stock,
888.653
1883.
344
592,565
1,049.784
183,717
Freight
Tola:
Jersey, consisting of capital
2.740,227
1,851,574
1882.
202
191)
Total operated.
Cash on hand and
New
companies, for intercliange of business between
Ferry Junction and our connection witli the Pennylvania Railroad at West
End, is working to the
mutual satisfaction of both companies. With the increase in
business from the completion of their line to Buffalo, and connections there made to all Western centres of traffic, a very
considerable increase in revenue may be expected from this
source for the current year."
Comparative statistics for two years, compiled for the
Chronicle, are as follows
1881.
Earnings—
Passenger
Balance
of
:
The total
Income bonds,
Income bonds,
Indiana Bloomington & Western.
(For the year ending Dec. 31, 1883.)
Net earnings
Company
income bonds and scrips, converted into the preferred and common stock of the company, as provided under terms of consoUdation, up to Dec. 31, 1883, is as follows
$65,720,723 $63,065,494
liabilities
Lest—
Gash on band,
953 115
R. R.
INCOME JiCCOUNT IN 1883
$400,065
382 .500
Interest paid
Balance
$17,565
GENERAL nALANCB AT
Cr.03E
OF EACH FISCAL TEAR.
Assets—
1882.
1883.
$?4,439,K22 $25,286,717
30,016
3,346.746
2,S46,260
323,984
179,805
)
362,834
,„,
oont
iOi.s'JJ
38,632
]
20.115
84,607
Railroad, buildings, equipment, etc
Accrued interest
Stocks and bonds owned, cost
Current accounts
Bills receivable
Materials, full, etc
Cashonhaud
Total
Liabilities—
$29,263,292 $28,498,855
Stock
Funded debt
Bills
(see
payable
Sni'PLKMENT)
,
Coal trust notes
Current accounts
Land department
Profitandloss
Total liabilities
-..
21,000.000
6,85u,000
142,000
21,000,000
6,8SO,000
216,589
37,293
19,410
125,000
228,187
40,088
13,305
24-2,275
$29,265,292 $28,498,855
GENERAL INVESTMENT NEWS.
Atlantic AtPaciflc— At Boston, May 15, the stockholders of
the Atlantic & Pacific Railroad elected the following directors:
Jesse Seligman, C. P. Huntington, E. F. Winslow, W. F. Buckley, Bryce Gray, W. J. P>ost, H. C. Nutt, W. B. Strong, A. E.
Touzalin, I. T. Burr, A. W. Niokerson, B. P. Cheney and L. C.
Wade.
Brooklyn Elevated.—The Brooklyn Elevated Railroad, with
all its debts and properties, was put up at auction under foreclosure of mortgage, and bought in by the trustees for $100,000,
May
17.
THE OHRONICLR
18M.J
fSO.OW) being paid down to the referee, W. N. Dykcni.iii
|.i.ii.st :iv;ainHl the sali' was iimili> in l><<hiilf of sdiiii- 1>( tin'
jiiil
i.'.k lii>l<li'rH.
Tlii> rei'civiT's ct>nillciiti'H for $|i;il.iin
u liinl lien on tliu rotul. Tlio trustees will rtfurguni/^i tli<;
'il'talni'd
i
'
ami
intt-rests in
:
I.'jS.OOO shares voted for this ticket.
place of Mr. (iow(>n.
company has 1,400 stockholders, the largest in its history.
The
Chesapeake & Ohio. -The comparative statement of earnings and expenst's for tlie month of March, and for three montlis
from Jan. 1 to Maruli 80, have been as follows
March
•-Jan. 1 to March 30.-,
:
.
1834,
1993.
1H>'4.
18H3.
$Sl.<,M3
$137.79S
216,909
$960,235
630,218
$843,211
2l0,lf-3*
(121,294
$l'2O.8S0
$280.02i
$221,917
$97,3*9
NctenrnlnKB
Not* Tlio ilccreaHO In e»rnlnK» 111 March, 188-1. 1» only npparcnt. for
of
the
IS'^S,
about
revoDUo
wan on
March.
$66,000
the rpaSnn that I..
February iiiul April busim'SH.
Pacific RailDenver Utah & Pncifle.— The Denver Utah
road Company and the Colorado Northern Railroad Corapanv
have filed a certificate of consolidation and incorporation with
the Secretary of State of Colorado. The corporate name and
Pacific Railroad
style will henceforth be the Denver Utah
&
&
Company.
Elizabethtown Lexington & Big Sandy.—The comparative
statement of earnings and expenses for the month of March,
and the three months from Jan. 1 to March 30, liave been as
follows
liof<.r>'
^
Earnlnea
Expeusea
Marth
1984.
1883.
$.'57..">19
$83,044
49,319
43,861
--Jan.
.
I to
March
188 4.
$150,856
li5.398
Ith
'li
.,r
.1.
xl, lui
'1
am
th«
"iirh
n>'>it(,y
.
fiirtlier
i
tli.
tionds havd al
n
their loans fur
shall receive tlio kii(iiatui
•
>
<
i
<
i
iiiijorilv
mortgage l)ondhi)lder«. 11
out, will ensure hiicIi iI.
in.n,
30.-^
1883.
$15rt.j36
142,443
111
fully
III
,
directorHasHlmllpromnti s
and will maintain the iiiil.|,.ii.|>u>< ..I III-. ii,,"Henry F. Spaul<ling, ('hairmnn; William Men
A. Potts. Horace Rnssell, New York K. W.
delphia; Bondholders' Committee.'
Old Colony.— At Boston. May I!), at a special meeting of the
stockholder? of the Old Colony Railroad (Jompany, to conaldar
the question of consolidating the Lowell A Fraroingbam
Road with the Old C^olony Roaid, it was vote<l to narchaae the
Lowell & Framingham Road outriglit, the 4^ per cent
twenty-year Ixtnds of the Old Colony Road to be ezchaaxed
for the other road's lK>nds at par.
One share of the Old
Colony common stock will Ix) given for four of the Lowell it
Framingham preferred and one share of Old Colonr for 20
sliares of Lowell & Framingham common.
The roaa hae for
five years been leased by the Old Colony Company at a rental
of 30 per cent of the gross earnings per annum, and the parchase is made at the present terms of this lease.
Oregon Improvement Co.—This company makes the following statement for February and the three months of its fiscal
year from Dec. 1 to Feb. 29
,
;
.
:
tli.
nuidit III
rx)'
",,,-
Ccntrul of New Jersey.— The stookholdcra of the Now Jorncy
Central Company have olocted tlio fi)llowint; ilin'i:tiir« for the
it. H. Little, Jonn Koan, Ueo. B. de Koini, K. C.
ensuiiiK year
Knight, Roliert Oarrett, Sidney Shepard, H. C. KelBt-y, .Samuel
Sloan an<l J. Kennedy Tod. The only ohango is Mr. (f« Keiin in
Exi>cn»c8 ....f
•
ii
•
pany.
Eamlnmi
595
Eamioga
Expenses
NeteamlDgs
February.
1884.
i883.
Thru UonUtg,
,
.
1884.
$7S8.7>>8
—
lHi3.
9225,133
203,831
$221.H4.<S
176.311
634,576
610366
$21,282
$45,634
$124,212
tlS0,418
9770.283
$3,-25
$35,458
$13,993
$13,658
Net earnings
Railroad Congtrnction In 1888.—The Railway Agt of
Kansas CKy Fort Scott & Gulf.—The financial statement Chicago has been accustomed for several years past to compile
for 1883 shows the gross earnings to be 12,016,312, an increase a full statement of railroad construction in the United States
of about 15 per cent; operating expenses, $1,178,544, an in- after the close of each year. The statement for 1883 has joat
crease of 17 per cent; net earnings, $837,670, an increase of been published by the Age, and the results are given in the
The average number of miles of road following table:
11 64-100 per cent.
operated was 388, an increase of 95-100 per cent. The bonded Nevo Eng'ld States— Hoods. Mile: Stuthem Staitt—
Boad*. U«£t
41-2
98 1
Maine
Virginia
7
6
debt has been reduced, leaving a total amount outstanding
52-0
North
I'arollna
4
New
Hampshire
Jan. 1, 1884, of 7 per cent bonds, $2,400,000.
."J
—
Louisiana State Bonds. The Governor of Louisiana has
promulgated tlie vote on the Constitutional amendment,
which is adopted by the following vote For, 51,784 against,
:
;
This is tlie State debt amendment, concerning whioli
there has been so much bitter controversy. It. changes the
State bond from a 3 to a 4 per cent security from and after
44,589.
January
1,
1885.
Lonisvillc New Albany & Chicago.— At Louisville, Ky.,
May 6, the Louisville New Albany & Cliicago Railway Co. filed
a deed of trust in the County Court to the Farmers' Loan &
Trust Company of New York, by whicli the railroad company
mortgages all of its property to the trust company to secure
the payment of $3,000,000 of bonds, issued April 1, 1884, and
made payaUe iu 1914.
Nasliville Chattanooga & St. Lonis.—The gross and net
earnings for April, and for the ten months ending April 30,
,in 1883 and 18^, have been as follows:
April.
,
1883.
Gross eaminss
Operatiug expenses
.
.
Net earnings
and taxes
Interest
$161,43>
105.152
1881.
34.
"
,1«7
116,019
.
10 mot.
18S2-3.
to
Ifay
1.
18-'3-l.
$1.9Jl,T83
1.092.841
$2,019,379
$9(13,632
55.'.735
$350,897
$56,233
54.022
$72.14S
55,02ri
$848,912
512. 44
$2,261
$17,120
$30fi,'J98
Surplus
New York Lake
.
& Western.— Nothing
1,11.5,747
yet definitely known as to the payment of the June interest on the second
consolidated bonds, but from all that can be learned it is probable that the interest will not be paid unless the directors of the
company decide to borrow the money for that purpose. It is
well known that under the terms of the second consolidated
mortgage no foreclosure can take place tUl three years' inter-
Erie
is
est is in default.
To a representative of the Tribune, Mr. C. L. Atterburv, assistant to the President, said, regarding the suit
Ward: "The action was brought in
against Grant
which
notes
and
securities
recover
to
Connecticut
were deposited with the firm. The amount of the securities
their value
especially
impossible to state, and
is
it
cannot be determined; the sum sought to be recovered has
possibilities
in the
been put sufficiently high to cover sill the
case, and is a nominal one for that reason; i)erhaps $2,000,000.
Advances on the securities were made by the firm to the
Atamount of some $1,500,000, pending the sale of Chicago
lantic second mortgage bonds to the amount of $2,500,000.
the complaint covers not alone the balThe sum demanded
ance due on the bonds, but the amount required to redeem
11.000 shares of the Cleveland Columbus Cincinnati & Indianapolis stotrk, $300,000 of negotiable securities and the notes of
the com])any disposed of by the firm."
New York West Shore & Bnlfalo.- A circular has been
issued under date of May 14th by the Bondholders' Committee,
wliich says in reference to the funding a^eement (reported in
the Chronicle of May 10, p. 573): " It is important that the
signatures of a majority in interest of tlie first mortgage bond-
&
&
m
Vermont
2
Massachusetts
4
"22^
180
Rhode inland
Coniieetinut
1
"so
Eaii'n Mid. States—
South Carolina
Qeorgia
2
6
Florida
7
Alabama
4
S
4
6
Mississippi
New York
New Jersey
399-2
10
2
26
Pennsylvania
Maryland and D.C.
Mid. Weti'H State*
Ohio
Indiana
7-3
363-5
Tennessee
KentuekT
Mitsovri Belt—
Minnesota
..
15
3490
Arkansas
7
16
180-3
421-3
Kansas Belt —
Dakota
Nebraska
Kansas
H
10
Illinois
WiHconsin
PttciHc Bell—
CHlirornia
1747
218-8
251-0
6
Ix)iii8liina
Indian Territory
...
Texa«
No ada
6
167-5
231-4
188-5
238-1
11
410-8
8
8
8
Iowa
Mlihiffan
40-5
63-5
315-3
181-0
362-1
40-0
127-6
Colorado Belt -
Oregon
5
198-.'!
Ailiona
Idaho
2
2
15K-0
Colorado
282
Washington Torr'ry
4
161-0
Montana
New Mexico
Utah
9
IM-S
S
144-0
2
1-2-0
7
68 5
I*
8S-8
4
4130
3
81-0
160-0
2
Wyoming
table is a recapitulation of the above:
Roads. Milm.
Boads. Milts.
83.V5
30
13
84 2 Missouri Belt
83t-5
35
7702 Kansas Belt
Eaulern Mid. States.. 38
18
7428
.59
1.34J-1 Colorado Belt
Mid. \Vc3t'u Slates.
45 1,2120
Southern States
6,869-«
257
Totals
19
1,016-3
aelt
PaclHo
" It will be seen that track-laying was carried on during the
year in almost every one of the States and Territories the
only exceptions being New Hampshire, Rhode Island, Mary-
The following
New England States
.
.
—
—
land and Wyoming on some 357 lines, and tliat, while the
mileage was much less than that of the previous extraordinaiy
year of railway building, it was still very large. In fact, it
was much greater than in any previous year of the past decade,
with the exception of the years 1880, 1881 and 1882, in which
years 7,174 miles, 9,784 miles and 11,591 miles were laid respectively. The total railway mileage of the United States on
December 31. 1883, was in round numbers 120,200 miles. It is
possible that these figures should be sligiitly increased, but our
researches indicate tliem to he complete."
Railroads Operated within New York State—(Qnarterly
Reports.)—The following abstract has been compiled for the
Chronicle from the returns made to the Railroad Commissioners of this State for the quarter ending March 31, 1884:
AT. Y Ottt
y. r. A' H.
Boston *
* A'orr»«m.
d Hartford.
Albany.
Keeeiots—
Grossea^gs
'.''TSi'Sf?
*''i?4'2n?
*-2'm«
'g-88»
»I3,9U1
I,!7)',987
Operating expenses
Neteamlngs
Income from other sources.
Total Income
.
Deductiyns—
Interest on funded debt.
Taxes of all kinds
Bentals
MtsceUaneous
—
Total deductions
Balance, net profits.
$571,703
$370,304
def.
$10,712
<Jef.
$10,712
1,434
$571,705
$571,738
$23:>.000
$65,000
36.664
37,500
16,634
69,8«4
99,521
$300,164
9262,541
$251,010
$J20,719
$60,075
261
7.428
$87.
def. $78.
THE CHRONICLE.
596
—
Toledo Cincinnati & St. Louis. A meeting of first moitgage bondholders of the St. Louis Division of tlie Toledo Cincinnati & St. Louis Railroad, called by a committee appointed
at tlie meeting held May 6, was held at the Parker House in
Boston on Tuesday, May 13. Mr. George W. Morse presided,
and introduced Mr. Weston Lewis, wlio, in behalf of the committee, reported that the committee suggest the following
ivoi.
xxxvm.
Sbe (^ommtvcml %xmz$.
COMMERCIAL EPITOME.
Friday Night, May 16, 1884.
The
calamities which have overtaken financial
additional
plan of re-organization
circles during the week under review, unsettling exchange
iicr cent first mortgage liontl on road and equipFirst—To ishiic a
ment, not exceeding $r<,000 per mile, from Koiiomo to East St. Jiouis, and
causing severe stringency in the money market (as fully
268 miles, HnimintinK to $-',150,000.
Seeojul -I'o issue a preferred stock in cxcbasge for
detailed in preceding pages), have had a marked effect upon
$3,000,000
Present first niorljrage bonds
270,000 speculative staples, causing on Wednesday a sitarp decline,
Unpaid eon pons on same
Our mileage proportion of debentnre bonds and interest; our mileage and general business has suffered somewhat. But mercantile
proportion of 25 per cent ol the Delplios trust. Tlie last two ttenis
sultject to any action of the Court, and for such other limited purposes
circles seem to be not at all disturbed.
Values were already
as may be ne'ccssaiy.
Tlii)d—Tn issue a common stocli for minor securities, as may bo low, trade was on a conservative basis, and credits much
deterinint d at a future meeting of the bondholders, when your com- restricted, so that there was little room for serious disorder
mittee have (ibtained full information of all claims against Ibis
Surplus stocks of food staples flow promise
property. Wo aie of the opinion that they should be recognized either from any cause.
as appurtenant to first mortgage bonds or under some scailDg process.
We recommend that the preferred stock shall have exclusive voting to be actively exported, and the whole commercial situation
power until there lias been paid dividends on the same for three years brought into safe relations. The agitation of the tariff reduct:
of not less than
per cent per annum.
Mr. Austin Corbin of
Bloomington
&
New
ion
York, President of the Indiana
stated frankly that his interest as a bondholder is not sufficient
to liave induced his attendance, but that if his road can get an
outlet to St. Louis by means of this, the contract wiU be mutually
beneficial.
He read the following letter in behalf of the executive committee of the I. B.
W.
&
New York, May
The speculation in lard has latterly been quite depressed by
the turn of matters in Wall Street, the dearness of money
8,
,
;
;
—
signed consent to this modification of the plan of re-organization.
It is expected that they wUl soon issue a circular in
regard to this matter.
meeting is called of the main line bondholders (Toledo
Delphos & Burlington) at the office of the Corbin Banking
Company on May 20 to discuss and act upon a plan of re-organzation whicli will work in harmony with the St. Louis Division
and Daj-ton Division, and leave control of the property in the
hanas of the present first mortgage bondholders, who will
receive preferred stock for their bonds.
Union Pacific. The statement of earnings for March is
more favorable than preceding months, and since Jan. 1, the
exhibit is as follows
Zlarch.
Jan.ltoMarc7i 31.
—A
—
:
.
1*83.
ExpcubBS
l,oy5,t)88
1884.
,
.
Ig8;i.
$1,97-,;,712
$5,081,83fi
],;04,'i53
3,12'i,'J«4
causing declines this morning in prime Western to 8'40c. on
the spot, 8'33o. for June, 8'42c. for Julyjand 8'45o. for Angus t;
but after 'Change there was a reaction in futures to 8 420. for
June, 8'51c. for July and 8'60c. for August, with refined for
the Continent somewhat nominal at 8 GOo. The stock of lard
in this market has increased 10,000 tcs. since the 1st inst.
Pork is dull, closing at |13 75@$17 for mess and |18@$18 50
Bacon and cut meats, in the absence of late
for clear back.
transactions, are quite unsettled, but are not materially lower
than last quoted. Beef and beef hams are entirely nominal.
Butter has declined; creamery, 20@26c. State dairy, 18@24c.
Western factory, ll@17c. Cheese lower; new factory, 8@
12i^c.; skims, 2^4@4:}4c.
Eggs lower at 14@16c.
Rio coffee has been dull and nearly nominal on tlie spot, at
lO'^c. for fair cargoes. Options have been fairly active at times,
but latterly very quiet and more or less depressed May closed
at 8-50@8-5.5o., Juneat8-55@8-60c.. July at 8 60@8-65c., August
at 8-65@8-70c.,September and October at 8-70@8-75c., November
at 8 ^SOS'SOc. and December at 8 8.5@ 8"90c. bid and asked mild
grades have sold moderately, at about steady prices. Tea has
been dull and lower for future delivery; on the spot trade is
very dull, but prices are steady. Spices, though at one time a
little more active, have latterly been dull and nearly nominal.
Foreign dried fruits have been quiet, but currants and prunes
have been firm; green fruits have been in fair demand, especially when fine, and have brought f rm prices.
Rice has been
quiet of late, but is very well sustained. •Molasses has been
dull and unchanged. Raw sugar has been dull and unchanged
on the spot, but lower for future deliver}-; fair refining on the
spot is quoted at S'^c. and 96-degrees test centrifugal at 6i^o.
fair Muscavado has sold at 5'17J^c. for July and 5"55c. for
September; refined closed dull at 734(0)7^8 c. for crushed and
cut loaf and 7@7 l-16c. for granulated.
In Kentucky tobacco little has been done, only 275 hhda.
having changed hands during the week lugs quoted 7J'4@8l4'c.
leaf 8i^@9;''^c.
Seed leaf has had a better movement
aggregating 2,300 cases prices as a rule show steadiness.
The sales include 1,683 cases crop 1883, New England fillers,
at Oc, seconds at ll'^ to 14c., wrappers at 15 to 22}2C-; Havana
seed at 25 to 31c.; 100 cases crop 1883, New England, at 12 to
23J^c.; 250 oases crop 1882, Pennsylvania, at 5 to 16c., and 300
cases crop 1S81, do., at 6 to 10c. also 450 bales Havana at 80c.
;
On motion of Mr. George A. Doane, Jr. it was voted unanimously that the report of the committee be accepted and
that the action of the committee in obtaining an
adopted
office and preparing papers for the protection of the property
be approved, and that the committee be authorized to prosecute the plan recommended by them that the four members
of the committee, acting under the appoimtment of the former
meeting, associate with themselves Mr. Austin Corbin of New
York, and constitute the first members of the committee a
board of trustees to carry out the purposes of this association.
The meeting then adjourned.
The committee of the bondholders of the Toledo Cincinnati & St. Louis Railroad, main line and St. Louis Divisions, the
Boston Advtrtiser says, concluded to favorably entertain the
suggestion that no assessment be made on the income bonds
and common stock, and that the bondholders who have already
.
probably postponed till after the Presidential election.
weather has been generally very favorable for crop
prospects.
1884.
Gentlemen— In eonflrmation of the conversation we have had with you
in regard to the reorganization of the T. C- *fe St. L. road, St. Louis
Division, I bf g to say that if the plan which we have discussed can be
carried out, there is no qne.stion whatever about onr ability to take care
of the expensrs attached to the foreclosure of tlie property, such as may
be assessed against this division by the court; and if no more tlian
$S,tl00 per mile be put upon this property— which I claim is ample to
ylace it in tlist-class condition for business as a standard-gauge road,
including a reasonable amount of equipment— wo c"an place the mortgage williout any sort of diiliculty whatever, and take care of tlie financial port of the enterprise. Aside from this, after consultation with the
executive comiuittec of the I. B. <Sr W. road. I can iiromiso you a lease or
trallic arrangement that shall by its terms provide for at least enough
money to meet, at all times', the iixed charges made upon the property.
Tliis jiledge will be made, and at the same time leave the comniitlce
<iuiie Iree to make the hist arrangement possible after they come into
possess! -11 of tlieir property. In other words, wo oit'er you this guarantee in or-ier to make it sure that interest will always bo paid upon the
bonds, and at the' {-ame time leave 3"on entirely free to make a lietter
negotiation with other corporations than tho I. B. & W. Company, if
others are willing to do better. Youis truly,
Austin C'okbi.v.
Gross earnings.. $2,391,758
is
He The
Western Railroad, was introduced.
1884.
$',0,i9,539
3,710,930
;
,
,
;
;
;
:
;
Net earnings... $1,2911,070
$7o8,1.59
$2,859,572
$1,3I8,G5.'<
Land sales of the Union Pacific continue to show a large
increase over the sales of previous years. The April sales upon
the Kansas Pacific division were 43,931 acres for ^301, .^00,
against 2.5,149 acres and $110,307 in April, 1883. From Jan. 1
to April 30 the sales this year amounted to $597,700, compared
with $303,731 for the same period of 1883. From Jan. 1 to
April 26 the sales upon the main line of the Union Pacific have
been 721,533 acres, of tho value of 11,801,719. During the
same period last year the sales amounted to 147,007 acres, for
$528,705. This sliows that for the first four months of the
present year the land sales upon both divisions have been
$2,399,400 against, |832,400 for the corresponding months of
1883.
Western North Carolina.—At tho annual meeting
week, the following statement was made for the past year
Gross earnings
Expoascs (49 50 percent)
last
:
$36 1.0B5
178,.''17
Net earnings
$181,584
This sum lias been expended in payment of interest and reduetjon of floating debt against the company.
to
1 15,
.$
and 200 bales Sumatra, |1 30 to $1
C5.
Trade in naval stores has been quite limited, and spirits turpentine has declined and closes at Sl'^c on the spot. Rosins
are still quoted at .f 1 40@ 1 423-2 ^oi strained to good strained.
Refined petroleum has been affected by the almost unprecedented decline in certificates, and 8^aC. for 70 abel test are the
final figures to-night.
Crude certificates have had a panicky
week, and through the financial crashes have declined 33c.
since last Friday evening; the business has been limited, owing
to the timidily of operators: tlie opening figures to-day were
lowest, 65c. and closing 77}^c. Hops,
77o. highest, 783-20
wool, oils and metals have been quiet almost to stagnation.
In ocean freight room the business on tlie berth has been
moderate, but as a rule the feeling is steadier. The money
pressure has stimulated exports, but lower exchange is an
obstacle to business. Charters continue in fair request from
Grain to Liverpool by
ths oil trade, at about steady rates.
steam quoted ll^d.; 8,000 bales cotton shipped to day at 7-64@
3-161.; cheese. 2Us.; grain- to Glasgow by steam quoted 8d.;
do. to Antwerp by steam, 334;@4d.; refined petroleum to Java,
27(a38c.
do. to Mediterranean ports from Piiiladelphia,
163^c,; crude oil hence to Bilbao, 3^; refined to Hamburg, 3s.
;
;
;
May
TITF rHKONK'I.E.
17. 1884.]
COTTON.
Ill iMiihliiiii
Fribay. p. M., M(iy 10, 18»i.
The JIovkment of the Crop, nn iudiciittMl by our lolcKniniH
from Iho South to-iUKlit. is Rivan U'low. For tlio w<«ik i-inliiiK
this ev('iiinK(M".v Ml), tlio total recoiptH luivo rt'iit'luMl Mdui
bales, anaiiiHt l."i,"t(.")7 IkiU-s hist wwlc, yo.d.");! bull's the |>r<'vi<iua
wfok
20.923 bjiloa throo woi'ks Hiiu-o; iiiiikiiiK tlic: total
ivi-.'ipls Hiiice tho 1st of .S<>|)teinl)«'r, lS8;t, 1.7:17,0711 biili'S, ii!<aiiiHt
1H82-8;1, Bliowiiix a
5,7)."), J^l bales Tor tho buiuo porioil of
dooreaso since September 1, 1833, of l,017,r>.jl bales.
.'iiul
S«e«4p(«a<—
ruM.
JKon.
Alt.
nxr
la,
Indlunola. &o.
20
67
13
120
21
48^
34
48
2;:i
10)
....
Kew
OrleaM...
Hobllo
257
101
1.2H0
133
425
23
76
32
1
41
P5
03
•i
5
Florlitii
SaTBiinnh
025
433
5
43S
'
:
nrUMn.
foreign
M'tbllo
,
No
...,
...
673
None.
None.
Nan*.
2.000
Ncme.
Nonr.
Noun.
None.
16,038
3,183
2.<100
.,
Other port*..
Totnl 1884
400
.
ir)
Nonn,
l.Ol
R,78-.<
(I
«,«93
0,656
S.ASO
33a.A«7
l.'.o
17
17
300
300
Hon*.
Noo*.
3.000
2,400
010
2,100
40,921
5,487 10.roUl 1883
7.'.0
Total 1882
19.472
7
Tho disturbances in financial
IIB,747
111,57
UO
None.
None.
None.
Nonr.
.v.
None.
Nonw.
.,
Norfolk
New York..
wtoa.
760
1.000
..
'
ia.':(U
83,341
S00 7SO
70,(1?!
fl.ilft
I
.
Briiiirtw'k, Ac.
rnflfB^^gjltaOglV*
I
On tktp tQ0r4 , not tlmrtd /or
OruU rremt*. Olhtr OoeMtoua.
kt—
Ualvui-lon..
70
Oklvonton
i'<
NewOrlaaoa.
Bavannnta
Tolal.
to nliTiVu
UH the follciwiiiK miKiun:
'll^^^^^VClMrMl,
\V
at the |MirtH naim-d.
....unl^W^^Wir York,
wliii'h art- prepared for our H|><>cial uao by Mmars. Ciuty, Ytl»
&. UtniU'rt, 8U llroiul Htri<«-1.
OaarKstnn
IH.
Thurt.
W»d.
597
.'.14
1
I
fX-
i
....
WUminKtOD....
15
Horeh'dO.,^
3S
114
11
Olarleitoa
Ft. Royal, Ao.
13
21
83
280
38
23
3
4
5
3
....
lOO
228
Horfollc
21
77
Wesjt Pulnt.Ao
4
514
35
433
3.'5
ew York
133
441
17
201
Boston
131
149
237
228
49
109
411
433
treino rates demandiMl for money, ii;i\.. >•.;<'.
irrcgulurity in the speruliition in cotton for
,Lnd
at
i
market during tiic week under review.
on Saturday la-st was foUowel on Mond ly by n
tliLi
...iiket
,'.
sniirl advance,
baseil on unfavorable crop n<-count^, togeth«'r with report* of
.serious floods in the Lower MIgsiiwIppi and its Western tributaries, the effect of recent heavy rains in tho Soutbwi-Mt.
On
1,460
111
1,709
tho
Tuesdav the rumors from Wall Street were di
Biiltimoro
l.iy
demand for cotton futures fell off, and the udvan
431
132
443
358
PhUadolp'a, &o.
was lost. On Wednesday, the (Inancial storm w,,.,,, ..\ the
1.711
693
688 l,9:u
8.694 failure of two banks and seven leading stock-brokinj: (inns, and
2.225
1.443
Totals thU week
cotton for early delivery docline<l sh.arply. The clo! e, however,
the
following
table
showing
week's
we
give
the
comparison,
For
was steady, at a slight improvement on the lowest figure* of
total receipts, the total since Sept.l, 188:!, and the stock to-night, the day.
On Thursday, at the opening, the next crop wna
and the same items for the corresponding periods of last year. dearer, but tho difficulty of procuring temporary loans depressed this crop, and May options <|uite broke down, closing
Block.
1882-83.
1883-84.
25 points below the cIo.se on Tuesday, ^hile the summer
Rtetipti to
8ineeaep.
Thii
Since Sep.
Thi*
months were only 9 to M points lower for the -18 hours. Tlio
1884.
May 10.
1883.
Week.
Week. 1, 1883.
1, 1882.
irregularity was due to the calling in of loans. It was belicvetl
5,572 44,415 that tho result will be a considerable export movement,
Galveston
195 586,723
5,703 804.510
reducing the uncomfortable accumulation of stocks in this
Indluuola.Jw.
85
8,472
16,618
132,321 101.044 market. To-day there was an early decline, under this conOrleans...
2,625 1,501,695
9,930 1,609,713
comparative ease
8,782 17,550 tinued dearness of money, but the return of
Mobile
433 251,424
1,021
307,733
in rates for call loans caused a rally, and the close wa-s slightly
20
Florida
42,852
13,323
as compare<l with last Friday
2,842 15,631 dearer, except for May, but
456 649,046
797,196
Bavanuali
2,458
32 points lower for May, 9 to 16 points lower for the summer
Brunsw'k, Ac
8.039
5,508
months, and 4 to 8 points lower for the next crop. Cotton on
286 414.962
563,278
4,593 11.243
CharleBton..
1,179
the spot was quoted l-16c. lower on Wednesday and again on
212
Ft. Royal, 4o.
13,63?
24,329
Thursday, when the business for home consumption was ma1,933
362 120.435
WUmlngton.
3S
91,634
3,929
terially increased, Eastern spinners having been in the market
4
12,574
75
18,391
M'headC&o
for some days previously. To-dajr there was a further decline
4,080 36,439
Kortolk
514
573,315
774,919
8,403
Freight
of l-l(5<^, middling uplands closing (juiet at llj^c.
'
.
ew
West Polnt,&o
35
433
New York
Boston
Baltimore
1,460
Piaiadelp'a,&o.
1.79a
411
8,094 4.737,670
Total
221,523
135,462
175,400
57,213
98,170
338,547 225,282
7,100
5,485
6,.S01
21,523
11,000
3,735
43.976 5,755.221
523,131 551 436
220.460
106,413
175,298
23,832
52,213
1,%94
297
4.038
3,589
4,660
In order that comparison may be made witli other years,
give below the totals at leading ports for six seaaona.
Seceiple
at—
1884.
1883.
1881.
1882.
1830.
we
18:9.
room has been taken
195
2,625
MobUe
433
456
236
42
549
Bavannah
OUarl'st'n, Ae
5,7o8
9,930
1,021
2,458
1,391
1.464
2,577
437
527
2,620
Wllm'Kt'n, Ac
Norfolk, <to..
All others
4,103
10,297
12,051
thUwlt.
8,094
43,976
Tot.
5,507
8,705
1,724
4,166
3,012
2,691
7,419
307
3,740
834
884
3,051
1,230
1,935
1.506
571
139
1C8
5,534
7,477
2976
7,498
5,636
13,188
20,864
42,415
26,514
16,673
992
2,252
2,926
2,972
total sales for
—
—
Galveston Inolndes Indlanola; Cliarleston includes Port Royal, &.C-.
WllmlDstonlnoludes Morebead City, Ac; Norfolk Includes City Point. &o.
The exports
for the week ending this evening reach a total
of 11,447 bales, of which 5,78.3 were to Great Britain, 4,811
to France and 8-51 to the rest of the Continent, while the
stocks as made up tliis evening are now 52:3,131 bales. Below
are the exports for the week and since September 1, 1883.
1
ITmIi
Bndint May
rrom
16.
aevt.
'
Hay
10
UPLANDS.
nioii Tnea
to
Sat.
from—
1.
1883. to
Brtfn. France
Oreat
Contt.
Total
mnt.
Week. Britain. Frat.ce
4,811
4.811
Orleans.
Mobile
fflorldk
538
21"
9^8
im
Wed
97„
TEXAS.
Toe*
Idoii
non Taea
Sat.
9Uia
mil
TIi.
"u
Frl.
Wed Tb.
Boston
Biltimore
Pblla<l«lp'a,&c
150
1,«S9
1.650
i:s
1.003
388
5.785
4.811
831
9»8
9i3,a 9\
9",« 10',«
HlriotOrd
lO'a
(;ood Ord
10"a
10»,a IOI9
I0is,8 lO's
11'4
8t.r. G'd Ord 1
It's
11.1,8 11%
LiwMldd'g
Str.I/wMld 117;6 1138 11^,6 llH,fi
U^i ll'a
.Middling... jll»8
Good Mid.. 11^8 llii,e 11% I2l8
1-.238
a r.G'dMld:12»9
121,0 12
Mldd'gFalr IJ"* 121,, 1238 12%
Filr
l.m i;i3,« 1318 13l«
13,436
84,497
Tota
1.789
S2J,7i)»
I.S30
108,017
2,076
102,972
SUS
88155
20Ji98
867.799
272.631
47.84 i
271.5ln
81864
«3;.501
8. 423
10}.4flO
188.717
136,9; 5
3/>2l>
29371
1,893
11.447 2.W8.736 458,874
9!>8
0.-dln'T.?91)
'
3>4
im
STAINED.
8.:oi
43.418
S53.02:
Korfolkt
ConUnmt.
8.704
5«8 •11!,219
WUmlnntoo..
...
IS, 1^84.
sa.isT
Si.ia'i
71012! ss3,eoe
155,648
flavannab
Charlesloo*...
Man
S6H5.30
84,178
8)1.054 1,371 017
57.637
1,380
24B.5S3
Galveston
Total
NEW ORLEANS.
Sat.
9liie 9ll,p 9i>,a 9i>i«
9''8
lOig
10>8
10 "s
IQis
lOJe
Sr.rlctOrd.. 9%
Good Ord.. 10iii« lOliie lOl'M 1016,t 1016,8 10l6,e 1013,, 10i»ia
str. Q'd Ord U'la 11>1«
ll's ll'>,e Il»,« UI,9
1 19,8
I,,ow Mldd'K lI'lB ll'ie U^ia ll»i« li»i« ""lo
11%
11>«
list
\l\
Srr.iy w Mid
It's
in»if
Middling... llii,e
lliiie Ili5,eliii5ia III61, 11
III618 IS^'io il23ia 12.1,, 1 23 18 123,,
Good Mid.. llii,e
.Sw.G'dMld l-'-'ia 123,6 123,9 127,« |l27,a 12M0 127,, I27„
1213 „il213
Mldd'gFalr 129i6 12»i« 12i>,„ 1213,8 1213i8i "213
Filr
135|B 135|« 135,„ 13»M 'l.'jaia 113^1. 13»i» Il3»i8
Ordln'/.^lb
ExporUi to—
Exported to—
icporti
New York
—
bales
in transit. Of the above,
for speculation and
were to arrive. The following are the official quotations for
each day of the past week.
I
Frl.
I
Wed Tk.
4737,070 5755,221 4519.865 5-13^,418 4715.678 4372.003
flinoe Sent. 1.
Hew
on
forward dehvery for the week are 434,.50O
For immediate delivery, tlie total sales foot up this week
for export, 3,598 for consumption,
3,598 bales, including
The
bales.
J/u.V 10.
Qalvest'n.&o.
New Orleans.
to Liverpool for 8,000 bales, delivered
May contracts.
55.958
ieo.S4«
8.«.'8
ei,79S
0>od Ordinary
8-rlot Good Ordinary
V*
I
im
Tl».
I
,91,8
9',
9%
9%
9>,e
0%
9
9'>1«
10»„ lO",. I0><
10»,«
113,8
Middling
I
Ron Tnea Wed
Sat.
I.1W Middling
958
O"*
9»l«
9lSi»
915,8 10l„ 10
10
1013,810% .lO's 1013,8^0%
!ii3,8
llVt
113,8 im?
ll'ia .11^
ll'ia 1138 jllHi
11"«
110,8 im,8ll'« ill"!*
1113,8111%
1113,8 1:%
lii"* ;1J1,8 112
12',, 12
12iii„ ;i2'4
12»i, 12'4 |1238
1211,,12'S.
12% I2''l.
131,-13% Il3>a 137,8 134g
99,8
113|8
KARKKT AND
ll"*
I
WtU
^"la' Sli
9»i»
938
101,8
u'n
10^
11
SALBS.
•ALBS or SPOT AKD TKAilSIT.
SFOT MABKET
CI.08KD.
Firm
Sat
Mod
Ti,e«
'Strtt'ly
.
fti.;i(ly
Qiili-t
at
,
'jadec.
Wed
Steady at ',
Tliura 'teady
Ma dec
Frl . Stc'Uly at l,adeo
Kxfori.
....
....
....
....
....'
....
OOH-
/Wto-
Spae- JVanTolal.
tiL
$ump. uCCn
396
284
380
aoi
172
IT
301
31.
1,071
1.319
l.OT
3.598
3,M>-
1,3'.
48.200
33.T0i»
400
400
400
400
300
300
881,61i> S.548,7S6
454 11,040 5«.15:l!s.67l.021i 407.511 1.811.1*4
Total IWWJa 40,639
• Includes exports from Port Ko;al. Ac
t laCluSes exports from West Point, 4o.
4.«l<B.69t
Total.'.
dally deliverlm gtven anure ara aotually
fWTloiu to Uiai on wUoli Uiey are i«p3rt3(l.
Tbe
-,aoo
deurared ikeSij'
THE CHRONICLE.
598
The Sales and Prices of Futures are shown by the following comprehensive table. In the statement will be found the
daUy market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
5
*:
il^^
a>^
"ftcBS
•Se.
5
7'
o
»"
-
OD e>
-ft
3
K-o
D
o>
a> •
-
ai
-Oca
&.
«
tr
S_E."5
:
1884.
I-
CM
P-
.
I
O
t3
CO
ss
t->
2
III
®
I
cocooco
tOtO
I
So:
MoiM
^OC5
KM
'o
*:'°
>
^<^
O
o
^
Soi:
*-Om^
I
*-K
.
CrOO
?>
Qb-"
§
§
MM
(»
MM > MM
S,
MM
<
2
0000
®
»
m«5B
«»e:
MM<,M MMb>M
MMO"^ T'T'of
OOQOOOC
Oi^ M l>^<P 0)
QoobOob
wo*
2
,1.
®ot;
o
6i 6i
c cn
OSOi
to
o«>
2
#.
siw:
I
woo
I
abcoC^ob
CflO
CO
MM >
5
2
2
:j
co»i
2
1
2
OOQD
"^
OO
Total American
OO
OO
1^
a
ODOo
CO"-
"^
ucobOob
Old
Ca
??
wo
London stock
»m;
I
Continental stocks
tcdia afloat for Europe
Egypt, BrazU, <Scc., afloat
if^O
)Ck
OS
Total East India, &c.
Total American
^
:
Ceo
Oco
Oio
a
I
"
s.m:
obcoOcjb
ccobOcD
obdbOob
<IC3
to
(jioo
CJ'^l
09
cooo
!<
•I'
CD
»aco
I
S
A
1
O
I
:
^
I
CO
S
o OOoO
coOcD
tc*.
(t>.
||1^~
CO
2
QD^'
CO
-o
2
I
«>-:
1
^c>T
r^o-:*
Cob
** j*^__M
-
'Cto
oo
00
®
I
W
2
:
'-^-o•-'
gpco
to
MM t?9 ? 00 5 ?? ?
woo © sei 2 cox »
0--D
OO
"^
*^
«
#
MMo-M -MCCM
:
:
1
«»
I
:
MCJ
OOoC ? oO
toOeo :3 O^
M
03
coco
2
cdcdOjo
..
275.000
65,000
132,700
314,000
34,000
238,000
65,300
130,900
820,700
8
1-4
I
i'^
1
»
I
M
CO©
^1©
»
^
COCOOco
—
period of 1882-83
99
c«o
I
»
EX.»
01
1 ""o^
coco
2
9
is
_
So
.""
i
~o ^' c
MS a =^s
2.x5^!-
Pi
sa?;
I
©
Ct
CO
01
;
;
:
i
to
on
C3
10
O'
)F-
CO
*•
*-
OD
CT 1-1
CO h-
H-KODCoyi;
CD
I
I
I
I
II
I
li
I
I:
I
I
I
00
2
I
11:
I
gi
2S
:
»rI
^
ooo©
CDOD
^
I
1
-sj
o
© ic »] X
:
.
Mwo-j;
.tc 1- to
I
I
^COtO.
-g
ct
<1 tt 03
)f>.
cr. It-
© -g
^1 -1
1*- 00
_
N
;
CI-
CO OJ 'O
I
CO
Jane.
n.
13th
400 Nov. for Oct.
300 Oct. for Aug.
1 00 Jan. for Oct.
.'500
May
B.
n. for
•06 pd. to exch.
8 pd. to exch.
•30 pd. to exch.
•80 pd. to exch.
•11 pd. to exch.
•15 pd. to exch.
•16 pd. to exch.
•99 pd. to exch.
•1
vj:
1
i?
xoi
jd-ccac
w *- a QD 3: OS
#
w
o
03
o
o; M
ifc
,000
500 June for July.
500 Nov. for Aug.
O'l-'
^1
w tc H
M CO U )^ "^^
CO «* CO
•
cc
''I
M
H-
CO
m
i*-ACnGO|C*lC*-LO
CO to ** to
p'li^OtOpp:
— C0^3^1^lP'C0C0WUIOO
it-CEO'CC
*'C0**.-JGDICM0C-1
m3'
w*-xc'-c w':oKi-roccoccV]co
—• •-•
to cc C; cr ic c CI <i, CO
O
^1 0: x M «^ arc ^i»x^aioxc:x
bs'-itc^i-'
o-
to -I *-v] to 00 -4 '-
i;,!
C^
rffc
^)
(->
'
I
*' CO
(to.
OD™
:!:
5m
;
i_ OS p-
- *J 05 '-
T^c^ccco-g^to— '-'w
CI'
CO
CO
V*
jocnto^o
I
'r-CnOWMln—
COMtOt»^i**tOO'
j^aljfr- X
to a CO©
OP
I
H*.
rf^
*
is
to:ocobcocj»oj-£
— ©coco^jwo^moio^oi
#- i" CO o a c^ & X CO c oi I- cc
a 00 cs CO
i-'-i'*o:tcco
O O CO CC O'CS w
May for June
100 Nov. for Oct.
200 Jlay for July.
100 Oct. for Au;;.
100 July for Aug.
1,000 June for July
tyoi
13
0»0 C'C0b<Cn<-t- ccco
*JtOO;OtOi-'(-**Ci3**-l^ — KtCMCXtO
i--coccxcoc6 0i^c.''c;WM:oxo:aDtoc
«
-J-
MOO
CO^bcOfZ)
a ^1 to
CO CO
^csKJO too*'cote to
i-"':;
eo©tcco:
WQOCfcO-
**. tc en <l
_
Ot)-'(-li;'
•
;
..
The following exchanges have been made during the week
e.
t\ p;
-totci:--itooDCs
C0COCCDt-•UICi.^C^-• Qo-ga!fC^tstocorf>>
O en <i 6?
Oi
I
for April, l,y9i),900.
Tr»D8teral)le Orders— Saturday, H-70o.: Monday. ll-70o.; Tuesday
ll*70o.; Wednesday, ll-55o.; Thursday, ll-l.'ic.; Friday, I l-JOe.
May
zh
y« o;
oococ— -iMxoooio:;
to CO
#* *-
«:
*»<)•
tnco
- K. H-
KOS
M
C CO VI ^' 10 -J -•
I
I
.
— a
cocoowto;
OOOfCOCCrf"!-'
;
100
»f?S a S
cc
WM
to
M
:
<
I
500 July for Aug.
500 May for June.
?'S
m
OClWOCOl-J
Ineindes sales in September. 1883, for September, 76,'200 September-October, for October, 338,600; Scpteraber-November, for November,
399,800; September-Deceinher. for December, 8tii',500; SeptemberJannar}', for January, 2,rl7,900; September-J'ebniary. for February,
1,780,800; September-March, lor Marcli, 2.309,800; September-April
•OB pd. to exch.
to exch.
•03 pd to exch.
for regular.
•17 pd. to exch
•S4 pd. to exch.
•09 pd. to exch.
10 pd. to exoh.
£.0^2.0
MMcCM
*
08 pd.
statement:
(t
u- O"
-o KJ
ac
«,i ,*.
<
1
19;:
<^
B
*-i (t- tc CO 0: tc
oi
o:
o- (X 10
cx3-v]t-**-co5ifra
Gox--]c:tcaccocj>cc^oo
* C. I— at M c;
cc **
l«:
I
OT
T
^ 0,1
S:
I
3 »
!i
05
&
I
week have been
set out in detail in the following
..1^<
>-»
p^
tOi;^
I
II
700.610
2£=ct
-.3
lO
99o9
cccoOo
©— o ©d©6 _JOCO__^l
l«
:
987,283
into Continental ports this
„
M
coOco
CO
MCJ*
©m;
o-o^f
CDOOO
60O6
6606
Kt^.
II:
827.200
356,(100
:
MW
•<
id:
228,000
43,900
101,710
271,000
51,000
—
- 2
"^
cicaOce
(
I
37,000
382,000
55,500
101,783
401,000
47,000
compared with 1881.
At the Interior Towns the movement that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
osffi
o
S
^>^^r* MMcoM M
MMoM MMoM M,
**
2,200,
The above figures indicate a decrease in the cotton in sight
to-night of 338,563 bales as compared with the same date of
1883, a decrease of 25,4.i7 bales as compared with the corresponding date of 1882 and a decrease of 235,783 bales aa
M.
OO
The imports
'
I
g^'
°^o
•
...1,771,595 2,104,660 1,630,469 2,127.468
00 CD *.
^
483,763
100,706
14,000
1
eo
1
CO
32ti,000
57,000 bales.
sr*
I
oo
CD
f
0'
755,000
273,000
411,000'
528.020
158,243
Total visible flupply
2,592,295 2,931. 8t50 2,617.752 2,828,078
6i>8d.
Price Mid. Upl., Liverpool....
e^id.
5;6j^d.
SVl-
ooEo OOoO OOoO CCoO eooo COoO
o;
1,500
009,000
97,000
1,771,595 2,104,600 1630,469 2,127,468
Liverpool stock
oeo M*^
i?
OOOO
Sit-;
722.000
226,000
476,000
551,436
118,024
11,200
East Indian, Branl, <tc.—
<
a
I
I
Ol
1
722,000
316.000
142,000
523,131
66,964
bales
,
kmerican afloat for Europe...
Doited States stock
States interior stocks..
Onited States export* to-day..
Oi
(5 (6*^ to
Qitc:
Qr:
ccgdOoo
Total visible supply
2,592,295 2,931,860 2,617,752 2,828,0*78
the above, the totals of American and other descriptions are as follows:
American —
amted
ip:
ceo
f
Liverpool stock...
Continental stocks
Ml-'*.!-'
t-'l-'O'-'
©c©o
OOoO t-'l-'o*-'
ooo9
mrr O
00
2
©eg
C
ClOiOOi
"^
-^
*:":'o-:'
ocoo
0'3.
6606
hCCtO
tf^
sjaoo:
'fc'T
Oit<9
1
05
ccOco
1
448,700
o:Oi
I
en©
aw:
I
QC—
@p:
o©
CO ? 00
cccD
a occb
7
2
!
mmk) —
I
0003
<
»
00^00
'T't
ob<i
cJiA
I
dor;
I
00
I
1
.
Amer'n cottu afloat for Eur'pe
Esypt, Brazil. &c.,aflt for E'r'pe
Stock in United States ports ..
Stock In U. S. interior towns..
Uhited States exports to-day.
"
f
CO
siJs:
o
(^
>
>p
o
1
I
I
in
MM
ecu
-^
I
-
WCOm*^
^1
a <) C M
Ot3-J_
:- i^
00
to
>•
ski:
1881.
983,000
48,900
Total European slocks
India cotton atloat for Europe.
6 m;
I
;>
'
I
:
go
QD
8»;
OO"
18S2.
991,000
55,500
at Hamburg
at Bremen
at Amsterdam
at Rotterdam
at Antwerp
at Havre
at Marseilles
at Barcelona
at Geuoa
at Trieste
Stock
Stock
Stock
Stock
Stock
Slock
Stock
Stock
Stock
Stock
Total Continental stocks
*
960,000
65,300
'^
MM f MM
I
o
MM ^
05Ci
ceo
s
S) c
CO©
Soil
I
P
'r''::*'2
a:
coo
^ CO ^
£=
OoC-
made up by cable,
188.1.
997,000
65,000
bales.
Total Great Britain stock
B
-^"2
Stock at uverpool
Stock at IX)Udon
S-?s
.
g3
aa
as
is as follows.
The Contmental stocks, as well aS
those for Great Britain and the afloat, are this week's returns,
and consequently all the European figures are brought down
to Thvu'sday evening.
But to make the totals the complete
figures for to-night (May 16), we add the item of exports from
the United States, including in it the exports of Friday only.
a,
Is?'
sag
:
The Visible Supply of Cotton to-night,
and telegraph,
.
OS
=(5
p »• »
'''rtS?<5
:
a
^
G
Q*T3Ct5^ Q*t;CDis
O'V^X
5^2£2
5*3eg
^dB.^
oiodoD
o)
d
aio®P. scsftp"
C^tE3.
(Vou XXXVOL
CO©
cop
00
C
tc
j
1^
'
)
cow
w
--I
nr
©
»--
Is
u
-i*^ocotoioc:<i
M CD* O© OtX M U"!-COXOJ— CJUi
v|'.D'-VOC;'t0©Cn^CHX--'XC0tCXCr.4^
'*-
©ij'CO-goto©c©toxcrf-Ct-'^'0
.
cs;
\
j
i
This year's flgures estimated.
totals show that the old interior stocks have deoreased during the week 5,108 bales and are to-night 51,0(50
bales less than at the same period last y«ar, The receipts at
The above
r
May
17. t-84.
THK
|
CIIRONIOLK.
10,9.13 IuUoh Ichh than tlio kiuih' wrvk
hint veiir, anil Hinco ScptentlHtr 1 thit reopiptH at all tli<< towim
are «H10,J78 UaloH lens than for the samo tiiuo in 1888-88.
thosunio towns luivo been
ycOT.VTIONS FOR MiDDI.INO CoTTON AT OTHKR M&RKXTfl.
in the tiiblo Ix'low wo j^ivo the olosinu; nuotations of ini(l<lllnK
cutton ut Southern and other princi|)al cotton inarkets for i>ach
*
day of the past week.
16.
Batur.
Jfon.
Qalvestoa
llVi
New
imi
UHi
im
ll"*
Orleans.
Mobile
Bavaouab
Obarleaton...
WllmlnKtoD
Norfolk
Boston
n>%
IIH
im
u\
ua.
in»
ll's
Ul!,«
l\H
11\
itt.
Louis
CtnolDDHtl
lealsvillo
JH'is
ll>fl
U>9
M>a
ll»«
ll>«
ll««
ll>fl
n«i
im
ll\
UHb
11^
Ifg
iin,«
11 's
11»8
12is
ll«s
1108
l2^
ii>«
nv,
n>f
ii>«
ii>«
nu
ii\
11^
UVi
ii\
IISS
lUs
UN
ii»i«
IV!
11»S
ll>8
llOg
ii»f.
im
lioa
im
im
Fri.
im
llVj
n\
113B
It's
ii\
ii"*
Thun.
ll«9
1218
ii«»
u^
ii\
im
11>9
Wtdn»$.
n*«
US.
12V
12'«
ll"*
llOg
. .
,
1196
BaltliU(>i«. ..
PhllaiU'lplila.
....
Tut*.
u%
ni%
U»8
AUKiiMii
Memphlp
arenmod
theniioiiicter hmi
the lowcHt 01.
Bre.li/inm, TVxw*.—
no rain during tho wtn-k.
planted, and good |>r
We nro
There is iii<>
thermometer li!wii\'
— We
glivl
The
M
hlgh«rt htUtg
to say
t lint
Ihnm
defottlvit Htiinds Imtra
iiiakliig ir
lint of will
weedH.
Jieltoii, Tv-THH.
75, th4»
'
and
hM bean
f
Helda o{
TIm
raiigi'ig li ;... .,., ... ...'..
have hiul
and dry wetttlier nil
harvtwt linM liegtin. Corn and c(itt«n
.,
1
.
.'.
warm
the week. The wheiit
rather favorable. Tho thermometer has ranged from At to
We»k entling
May
The
6H9
11^
UiH
ii".
U»B
1
im
>,
averaging 71.
Wtatherford. T6va».—\t han rained hard on two (U;n of
the week, retarding tho wheat liurveat aod delnying oth«r
neceMarjr work. We ne<'d dry weather badly. The rainfall
reached two inchwi and thirty-two hundredths.
Average
89,
thermometer
72, highext 80, lowcHt 49.
Dallas, Texas. We have hml rain on two davs of the week,
the rainfall reaching one inch and eleven hundredths. There
eems to tie no end to tho rain. The wheat barreat and cotton
replanting have l>een delaye<l, and weeds ore growing so fast
that they are becoming troubhwoine. Unlem dry weather
—
speedily eiisuee
nJM averaged
73,
much
ilaiiiage is
feared.
The thermometer
the highe>(t being HSimd the loweiit
—
51.
Orleam, Louisiana. We hara had rain on two days
Rbceipts from the Plantations.— The following table is of the week, the rainf.ill rauhing forty- two hundredths of an
prepared for the purpose of indicating the actual movement each inch. The thermometer has averaged 74.
Bfirevuport. J o tisiaua. We have had fair weather this
week from tlie plantations. Receipts at the outports are sometimes misleading, as tliey are macfe up more largely one year week, with a heavy rain on Wednesday. The rainfall reached
one
inch and thirty-eight liundrtMltlis. Koads are in bad conthan another at the exix'tise of the interior stocks. We reach,
New
—
therefore, a safer conclusion through a comparative statement
In reply to frequent inquiries we will add
like the following.
that these figures, of course, do not include overland receipts or
tJoutheni consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which llnally reaches the market through the outportB.
RECEriTS FBOH PLANTATIONS.
ITMk
1888.
1883.
Feb. 18
at'k atlntaior
ntceivtt at the Port*.
Bl.8^0 183.391
58,747 lU.82fl
18r3.
18S4.
1
1883.
Dnnu. RM'i>t</n>m
1894
1883
1
dition.
Nearly all of the river plantations are overflowed.
The river is now falling. The thermometer has ranged from
60 to 91.
Vivk^hurg, Mississippi.— "Hxe e-ir\j pxrt at the week was
clear, but during the latter portion it has rained
severely on one day.
The rainfall reached one inch and
seventy-nine hiindrwlths. Nights have been cold. Planting
is about three weeks late.
The thermometer has ranged from
warm, dry and
57 to 86.
Pfcrni't..
1883.
lN8t.
76.487'318.07J S0!'.4l7'227.2f5
(!8.720 315.973 304.621 205,477
88.623 192.314
31.648 181.0 '0
49.30t
46.HS2
2j7.173 1S1,4U
42.eSJ 253.6I,S 279 918 1?0.K09
S5,>>74 loi.^sa
28.818
iferiiiian, Mississippi— ^t has rained on two days of the
week. The weather has' been cool and cloudy, the nights
being unusually cold for the season. These comfitions are un-
young cotton.
have had rain on one day of
ChretneiUe, Mississippi
31.141. t7.S35 10.080
21
el.9IB 105,063
the week, the rainfall reaching sixty hundredths of an inch.
as ....
S3.59»
B4.0» Se.990 5J.M34 233.1t-2 266.971, 141,236
74.021 3ISI1
The weath',!r.liad been so unfavorable that much seed planted
April 4
44.467 78.70S 37 011 S15.944 257.152 125 394 27,229 e8,K8l) 21.249
failed to come up, and re-planting was generally necessary.
•
11
S3.328 7«,li36 81,113 801.717 239.46ril0.0a8 18.03J 55,241 11.781
Planting is now about completed. The thermometer has
••
aa.soi 68,587 80.371 1^0.2812 30.'9 1)8.960
IB ....
8,3 >4 40.085 19.166
ranged from 60 to 87, averaging 73. Last week we liad rain
" as ...
ISli.SCO' 90.791
U.lrtl 36.021
2.757
83.60* 59.241 20,923 157.8
on two days, with a rainf.ill of three inches and five hun12.r68
!«4.3;8
S2,8C9
33.H38
48,761
80.053
143.327
199:4
M,421
Mar 3
dredths. The thermometer ranged from 63 to 88, averaging 74.
...
S6.S81 50.575 15.657 li7.eS0' 117,941, SI 2?S 10,IH4 31,181 14 0-3
Col.ninbii.1, Mississippi.— It has been showery on one day
" 18
8,«f *
SO.i^fll
43.976
P.19J 115.183i;Sl87s! 7Ji.S22
f.'fV 2tf.ll05
of the week, the rainfall reaching five hundredths of an inch.
The above statement shows 1. That the total receipts from The weather thus far in May has been very favorable. Averthe plantations since September 1, 1893, were 4,76i,336 bales; age thermometer 70, highest 86 and lowest 54.
in 1882-83 were .5,873,007 bales; in 1881-83 were 4,.J89,87.5 bales.
Little Rook, ArkaitMus. It has been cloudy on three davs
3.
That, although the receipts at the outports the past week of the week, with light rains, which were teneficial to the
were 8,094 bales, the actual movement from plantations was planting interests. The rainfall reached seventy-three hunonly 3,281 bales, the balance being taken from the stocks at dredths of an inch. The thermometer has averaged 67, the
the interior towns. Last year the receipts from the plantations highest Ijeing 80 and the lowest 56.
for the same week were 29,90.J bales and for 1882 they were
Pine Bliiff, Arkansas.— TeiegTATo. not received.
8,669 bales.
Fort Smith, Arkinsns. Telegram not received.
Helena, Arkansas.— It has rained on one day, three days
Amount of Cotton in Sight May 10. In the table below have
clear, and the remainder of the week has "been cloudy.
we give the receipts from plantations in another form, and add The been
rainfall reached twenty-one hundredths of an inch.
to them the net overland movement to May 1, and also the
The river is now below danger line, and falling. CroiJs are clean
taJdngs by Southern spinners to the same date, so as to give
and in good condition, and a good stand has been secured.
•ubstantially the amount of cotton now in sight.
Average thermometer 68, highest 84, lowest 54.
Honticello, Arkin-^as. Telegram not received.
1883-1)4.
1832-83. 1881-82. 1880-31
Newport, Arkansas.— TeAe^r&m not received.
Rer^lpts at the ports to May 16 1,737,670 ."1,753,221 1,519,865 5,488,418
have had no rain this week.
Memphis, Tennes.^ee.
Interior Htockn on May Itj Id
been all that could be desired for farm work,
eicessof September 1
;6,66G
117,336
70,010 135,971 The weather has
and rapid progrress' is being made with plowing and planting
Tot. receipts from plantat'as 4,764.336 5,872 697 4,189,376 %624,41!) on the uplands and also in the river valley, where the water is
546,726 599.86-J 422,630 472,241 off. The river is falling steadily and will soon be off all the
Net overland to May 1
Southern consumpt a to May 1
264 .OCO 275,00<i 210,000 174,000
submerged lands. The thermometer has ranged from 54 to
Mob. 7
"
U
57.
IM
111.181
"
49,8:8
2.f4.!^93
favoraljlc to
— We
!
—
—
—
—
—
—
—We
Total In sight
May
5,.575,062|6,747.469 5,222,505 6,27 1.660
16
be seen by tho above that the rteoreaw In ainoun" tn slitlit
to-nlKht, as compared with last year. Is 1,172,407 hales, the Increase as
compared with 1881-8218 352,557 bales, audthe decrease from 18^0-81
te 696,598 bales.
It will
Weather Reports by Telegraph. —The
weather has
lioen
87,
averaging
70.
Nashville, Tenness e.— It has rained on two days of the
week, f^e rainfall reachingone inch and twenty-six hundre<lth8.
Average thermometer 69. highest 85, lowest 49.
Mobile. Alabama.— Tele^TiLin not received.
Mont'jomery. Alabama.— Vie have had delightful showers
on three days of the week, and tht*i indications are that they
extended over a wide surface, and did good. Riin was neede<i.
Tlie thermometer has averaged 786, and the rainfall reached
quite favorable at the South during the week, and the cotton
plant is now making good progress. There has been an improvement in the conditions in the Southwest, although there
thirty-three hundredths of an inch.
are complaints of too much rain in a few districts.
Selma, Alabama. It has rained on two days, and the reOalv ston, Texan. The weather has been warm and dry ali
the week. The thermometer has averaged 76, the highest mainder of the week has been pleasant. The rainfall readied
thirty-nine hundredtlis of an inch. The crop is developing
being 83 and the lowest 6.">.
Indiano'a, 7'fir«'.— "We have had warm and dry weather proniisingly. The thermometer has ranged from 54 to 88,
Good progress is being made in clearing the averaging 70.
all the week.
have had rain on one day of the
Madison, Florida.—
fields of weeds.
The thermometer has averaged 74, ranging
week the rainfall reaching twelve hundrerlths of an inch.
from 60 to 86.
Pal'stine, Tfe.TO.*.— Fortunately we have had no rain during Average thermometer 78, liighest 93, lowest 80.
Uaom, fteorffia.— It has rained on two days of the week,
the week. Good progress is being made in clearing the fields
of weeds, and in r»v])lanting the damaged lowlands. The with some hail on one d»v. There are no complaints aliout
crops. The thermometer lias averaged 72, the highest being
thermometer has ranged from .56 to 85. averaging 73.
HuriUville, Texas.— \Ve have had no rain during the week. 86 and the lowest 55.
Columbus, Oeorgia.—'Wc have had rain on one day durin>:
The crop is doing tolerably well. Average thermometer 72,
the we<<k,the rainfall reaching fifty-three hundredths of an inch.
highest 88, lowest 55.
Lulina, Texas. The weather has been warm and dry all the The thermometer has averaged 76, ranging from 63 to H.").
Havannah, tieorgia. It has rained on two davs, and the
week. Good progress is being made in clearing the nelds of
weeds. The reported damage to crop is much exaggerated. remainder of the week has been pleasant. The rainfall reached
—
—
We
—
—
THE CHRONICLE.
600
an inch.
six liundredths of
Planting generally reported late.
to 90, averaging 76.
lightly on three days of
the week, the rainfall reaching seventy-one hundredths of an
inch. We are having good growing weather and the cotton
crop promises weU. A good stand has been secured, and
chopping out progresses rapidly. Com, oats and wheat are likewise doing finely, with good prospects of large crops. Average
thermometer 73, highest 88, lowest 59.
(From Another Con-espondent). We are having an extremely favorable spring. It is late, but as planters report
stands perfect, by June everything will have caught up.
Atlanta, Georgia. It has rained on one day of the week,
the rainfall reaching forty hundredths of an inch. The thermometer has averaged 71, the highest being 86 and the
lowest 56.
Charleston, South Carolina. We have had rain on one day
of the week, the rainfall reaching eighty-eight hundredths of
an inch. The thermometer has averaged 74, ranging from 63
The thermometer has ranged from fi2
Augusta, Georgia. It has rained
—
—
Alexandria, Egypt,
May
to
87.
—
Inch.
Feet.
New Orleans
Below Mgh-water mark
Above low-water marh.
Above low-water mark.
Above low-water mark.
Above low-water mark.
Memphis
Nashville
Bhreveport
VicksbufK
5
5
1
:;!)
1
19
4
16
40
9
3 'J
6
45
5
Inch
3
5
U
11
1
New
Orleans reported below liigh-water mark of 1871 until
Sept. 9, 1874, v/hen the zero of gauge was changed to highwater mark of April 15 and 16, 1874, which is 6-lOths of a foot
above 1871, or 16 feet above low-water mark at that point.
—
India Cotton Movement from all Ports.
We have
re-arranged our India service so as to make our reports more
detailed and at the same time more accurate. We had found
it impossible to keep out of our figures, as cabled to us lor the
ports otlier than Bombay, cargoes which proved only to be
shipments from one India port to another. The plan now
followed relieves us from the danger of this inaccuracy and
keeps the totals correct. We fli-st give the Bombay statement
for the week and year, bringing the figures down to May 15.
BOMBAY EECEIPTS AND SHIPMENTS FOR FODR YEAKS.
Shipments
this week.
Year Oreal OonliBrWn.\ nent.
Total.
Shipmentt since Jan.
Oreal
Briiain
Oontinent.
1984
S.O0O'2R.OOO 31,000 .«7,000'-I71,000
1883:23.000i70,000;!12,000 302,000160 J..000
1882137,000 42,000 79,000 3B8.000 375.000
18811 <1,OOOKO,000,14,000|179,COO|335.000
Calcutta—
1884
1883
Total.
nent.
500
2,900
3,200
100
Qreat
S,400
3,300
Madras
1884
1883
This
cantar
98
is
Jan.
500
,
2,900
100
3,200
,
the ports
vfeek last
shipments
88,000 1,122 030
63.000 1 203,OOt
04.000 1,202.000
55,000 797,000
3.000 373,000
2.000 309,000
2,C00|407,571
This statement shows that the receipts for the week ending
14 were 4,000 cantars and the shipments to all Europe
3,000 bales.
—
Manchester Market. Our report received from Manchester
to-night states that the market is steady.
give the prices
of to-day below, and leave previous weeks' prices for comparison.
„
We
1884.
8H
32» Cop.
Shirtings.
Twist.
a.
d.
81a ® 9
21 89l6® 9^8
" 23 8% ® 914
Apr. 4 8% ® 914
Mchl4
•'
"11
"
IS
" 23
May
2
1883.
Oott'n
lit.
H.
d.
5
7
d
e.
®7
S^'s
3%
9 353
" lU SSa
'•
lipids
Iwist.
d.
d.
5i5,e
838
838
21a
7 a7 215!
5 71297 312
5 g^aa? 4
813if,-95|o 5 101337 iifi
S'^s
Mid.
32» Cop.
5
S 9% 5 11 ®7
® 9% 5 111237
914 5 101297
a 918 5 8iaa7
® 918 5 8ia37
5
51s
512
'<*
;
;
8%
6
eig
6^18
6I4
®
®
-a
SH
d.
d.
9
9
9
9I4I5
9i.i'5
914I5
87iea 9145
8"iG® 914I0
313 ®
SI3 a
69,(58
8=8
63ie
6l8
C^ia
6I4
a
lbs.
Shirtings.
9
9
914 5
9
9%'
9
9i3!5 10
912 5 10
3lii,-,®99jc|5
10
s.
®7
®7
®7
®7
®7
®7
®7
®7
®7
®7
Oottn
Mid.
JJplit
d.
rt.
3
3
lia
II3
lis
3
3
41«
41.J
4I0
5!^
588
59ie
59,8
5^8
5=8
5%
5%
51318
515,8
May Eeport
of the Agricultur.il Bureau.— Under date
10th the Agricultural Bureau at Washington issues
the following respecting cotton:
May
of
"The proffi-ose of cotton planting has been dclayod everywhere' iTy
the low temperature in April. In some ol the Virginia counties none,
wa.s planted on May 1. and very little in .several of the counties of North
Caroliua. The proportion planted May 1 of the propos-ed area is report
ed as follows: Virginia, 35 per cent.; North Carolina, 45; South Carolina
60; Florida, 95; Alabama, 7.'^; Mississippi, 7C; Louisiana, 77; Texas
SO; Georsia, 68: Arkansas, 70; Tennessee 52. Average for all the States
66 per cent. The acreage will be reported on Juno 1
The comparison with last year and the previous year, and
with an average year, as given in a previous report of the
is
as follows
Proportion of Crop Planted
..
.
Continent.
„
.
May
1.
States.
Proporlimi
Planted
May
Virffinia
North Carolina.
South Caroliua.
1884.
1883.
1882.
35
45
60
68
95
75
76
77
80
70
52
15
35
75
73
96
83
82
81
75
72
67
40
75
85
86
68
74
1,
Av'qc Year.
ns
86
75
71
80
76
77
35
67
81
83
97
88
85
89
87
83
80
85
87
—
1.
,
Total.
86,500
60,900
40,EOO
9,100
127,400
70,090
13,000
4,500
4.600
1,000
17,000
5,500
13,500
4,000
3.000
2,000
16,500
6,000
113,000
69,400
3,400
3.300
48,500
12.100
lGl,.-.00
81.500
week show
that the movement from
other than Bomlfey is 100 bales 7nore than same
year. For the whole of India, therefore, the total
since January 1, 1884, and for the corresponding
the two previous years, are as follows:
EXPORTS TO EHROPE FROM ALL INDIA.
totals for the
1884.
Shipments
Europe
to all
from—
Bombay
All other ports.
Total
1,500237,700
500169,871
Outlook in South Carolina. The Charleston N-ews and.
Courier, of the 10th inst. says:
" The prospects of the farmer and planter are very good. The plant
era are making good progress and working on economical principles
With favorable weather to their advantage, they are buoyant with hope
of an Increased crop. It is too early at this date to estinnte the acreage
planted in cotton, but the general impression is that it is in excess of
previous years. Already tliov are making arrangements for the harvesting of the oat croii, which will yield a laigcr supply than was
expected after the heavy frosts of January aiid February."
Outlook
Southeast Alabama and Southwest Georgia.
May 13th we have advices from Messrs. John
Co., Eufaula, as follows :—
in
— Under date of
W.
Tulhs
&
" The cotton crop has
The above
I)eriods of
1,000 227,000
1,000 82,000
May
1
Total all—
1884
1883
2,000 244,000
1,000 129,000
lbs.
Sirj:e
IFeefc.
All others—
1884
1883
This
Since
week. Sept. 1.
Agricultural Bureau,
808,000
903.000
913,000
514,000
Britain.
This
Since
week. Sept. 1.
3,0(0
2,8:2.720
also
Shipments since January
OontU
Great
Srilain.
This W Since
week. Sept. 1.
Total Europe
A.
According to tlie foregoing, Bombay appears to sliow an Georgia
Florida
increase compared with last year in the week's receipts of Alabama
20,000 bales, and a decrease in shipments of 58,000 bales, and Jlississii^pi
the shijiments since January 1 sliow a decrease of 95,000 bales. Louisiana
Texas
The movement at Calcutta, Madras and other India ports for Arkansas
the last reported week and since the 1st of January, for two Tennessee
years, has been as follows.
"Other poiis" cover Ceylon,
Average
Tuticorin, Kurrachee and Coconada.
Shipments for the week.
4,000
2,214,000
Reet ipts.
1.
Total.
1881-82.
4,000
2,631,000
To Liverpool....
To Continent ...
yfay 17, 'aS.
Feet.
1882-83.
Exports (bales)—
Columbia, South Carolina. Telegram not received.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
May 15, 1884, and May 17, 1883.
irai/ 15, '84.
1883-84.
14,
Receipts (oantars*)—
This week
BJDce Sept. 1
—
—
XXXVin.
[Vol.
ThU
1883.
Since
1882.
ThU
This
week.
Since
Jan. 1.
week.
Since
Jan. 1
943,000
163,200
week.
Jan.
34.000
3,400
803,000
161.000
92,000
3,300
903.000
81,500
79.000
3,200
37.400
969.500
95,300
984,500
82,200! 1,106,200
1.
This last statement affords a very interesting comparison of
the total movement for the tliree years at aU India ports.
all been planted, has come up, and there is a
There is ro appreciable dilTcrence between the acreage
Labor is suHicient and is working well.
year and last.
The fact that the plant may be small at thi.s time of the year amounts to
nothing, as the weather hereafter will determine whether the crop be
fair stand.
planted this
late or eaily."
East India Crop.— Messre. Wallace & Co.'s Cotton Report,
dated Bombay, April 4th, furnishes the following:
" Receipts of cotton, aUhough increasing, continue to fall off and are
now over 150,000 bales short of last year, and the clearances for the
quarter ending March 31 are nearly 100,000 bales less. The present
prices, however, and improved demand may bring down the bulk of the
Dhollorah crop to market before the Monsoon, in wlilch case the scale
of receipts will probably be larger, but as this criip is now reported by
the best authorities to be sm.aller than last year, it is in'obable that the
deficiency will be more than double by the end of the second (luartor.
The quality of the Uhollcrah crop continues to give satisfaction, but
Broach is falling off a little in class, and not much more " Flue" will bo
available exports for this season. Oomrawuttce has turned out much
smaller than was generally expected would be the case, and the quality
has not improved much since llrst arrivals."
European Cotton Consumption to Mat 1.— The cables
Alexandria Receipts and Shipments.— Tlirough an-ange- brings us to-day Mr. Ellison's cotton figures, brought down to
ments we have made with Messrs. Da vies, Benaclii & Co., of May 1.
The revised totals for last year have also beeit
Liverpool and Alexandria, we now receive a weekly cable of
and
are given for the purpose of comparison. The
received
the movements
of cotton at Alexandria. Egypt. The follow iag
are the receipts and shipments for the past week and for the takings by spinners, in actual bales and pounds, have been as
corresponding week of the previous two years.
follows:
Mat
17,
1884
From Oel.llo
THE CHRONICLH
J
stay
1.
OtmHntnt.
OrtalBrUatn.
Tolat.
NpiiiiiorR... bales
Av<Miij;<' wpl^'lit
cif
btilea
2,230,000
i3I
061,130.000
1.028,000
4,19S.OOO
42<.l
430
827,112,000 1,738,242,000
Jute Biitt.s, Baooino. &c.— The demand
i^r 'shown much iniprov<'rii'
not
siilniicra.. .bales
AviTiiKO wciKlit of baioa....
TukliiKS >>> pOIIIKlH
2,033,000
3,231,000
Ul
433
OOl.OOfl.OOO
382,887.000
4,273.000
43.1
1
874.783.i'0O
A
(|uiot.
mo(lor;i
am
parcels, but buyers
changed, and
to accept less
and
3 Ibe.
for J»ngglng hna
Mil
•
-
rather
For 1882-83.
Takings by
during Man li up to 78,000 bales fiar w««k, hwtemd of W,)im
|N-r week, oh Iun flgurcM loot month indlcat«<l, and wn
change our HguroH above to comttpond.
bales
For 1883-84.
Takings by
601
;:
II
.
.
l-
.::;...
,
are tirni, there ik-ing no
tlion OJ-ic. for 1)^ Ilw., lOc. for
ll>{c. for standard griulex.
B'
H«'ilers
•
II
I
i>T
ht
Acconiing to the above, the average weight of the deliveries re(iueHt at the moment, the tlrui price«i r««tr!
to
'(.
i.s
431 pounds per bale to May 1, again.st some extent, and the only sal'li441 jiounds per bale during the sjime time last season. The For paper grades di-alers i\»V 2
ties are not offered below 2 li :
"--•• ...,at
., ....
(Jontinental deliveries average 420 pounds, against 4JJ.S pounds
these quotations.
taut year, and for the whole of Europe the deliveries average
CoMPARA-nvE Port Reckipts and Uaii.y «'i
'•T.
43»i pounds per bale, against 439 pounds during the same
A comparison of the port movement by wecl.
<•,
period l.'wt season. In the following table we give the stock as the weeks in different years do not end on
if
held by the mills, thoir takings and their consumption, each the month. VVehaveconseciuently added to our ot!<
ij?
ly
month since October 1, all reduced to bales of 400 pounds each tables a daily and monthly statement, that tlie
constantly have before him the <hita for seeing the exact relative
for this sea-son and last season. It is a very convenient and
movement for thfc years named. The movement each month
useful summary:
since September 1, 1883, has been as follows.
in Great Britain
'
i
'
;
:
—
i
.
i
1883-34.
Oct. 1 to ^ray 1.
Balea of lOO /is. each.
Oontir
Britain.
tienl.
98,
323,
341,
176,
Consump.
Total supply...
Oct., 4 wks.
Spinners' stock Nov. 1
Takings in November.
Splnuers' stock Oct 1.
Takings In October. .
Total supply
Total.
Great
Britain
Conti-
442,
499,
233,
139,
149,
221,
382,
421,
292,
520,
268.
941,
560,
SIS,
288,
288,
260,
603,
548,
129,
386,
252,
335,
381,
721,
27,
28,
55,
387,
320,
707,
82,
587,
335,
1,102,
150,
218,
252,
301,
402,
549,
301,
351,
052,
Consump. Dec, 4 wks.
398,
285,
553,
268,
951,
553,
355,
288,
374,
260,
729,
518,
Spinners' stock Jan. 1
Takings In January..
113,
585,
356,
398,
800,
67,
414,
497,
lit,
390,
181,
887,
557,
350,
611,
330,
1,196,
564,
360,
504,
323,
1,068,
680,
207,
347,
311,
2S2,
518,
629,
204,
336,
179,
341,
383,
677,
554,
284,
593,
264,
1.147,
540,
277,
520,
260,
1,060,
548,
270,
333,
329,
294,
599,
627,
263,
286,
260,
263,
523,
519,
603,
292,
623,
264,
1,226,
549,
2S6.
523,
260,
1,072,
Consump. Mar,, 4 wks.
Spinners' stock Apr. 1
Takings In April
311,
321,
359,
323,
670,
263,
440,
263,
393,
526,
833.
632,
365,
682,
342,
1.314,
703,
3S8,
6.56,
1,359,
707,
339,
707,
367
340.
607.
335.
317.
Spinners' stock Dec. 1
Takings in December.
Total supply
Total supply
Cousump. Jan., 5 wks.
Spinners' stock Feb.
1
Takings In February.
Total supply
Consump. Feb., 4 wks.
Spinners' stock Mar. 1
Takings
In
March
Total supply
Total supply
Consump. April, 5 wks
May
Spinners' slock
1
700,
511,
64 1,
414,
360,
348,
325,
54,
23,
•
762,
685,
685,
537,
516,
A
more striking comparison with last year is reached by
bringing together the above totals and adding the average
weekly consumption up to this time for the two years:
Oct. 1 to
May
Bala of 400
lbs.
each.
000s omitted.
Spinners' stock Oct.
Takings
to
May
1.
1
Great
Brilain
May
1
Weekly ConsumptioUf
OOs omitted.
In October
In November
In December
Id January
In February
In March
In April
:
Conti-
Total.
nent.
Britain
Continent.
Total.
412.
4,169,
82,
2,4S0,
139,
2.207,
221,
4,687.
2,411,
2,071,
4,911,
4.304,
2,562,
2,227,
2.316,
2,029.
4,908,
4.256,
267,
310,
6J7,
335,
317,
652,
73,0
73,0
71,0
70,0
71,0
73,0
73.0
67,0
67.0
67,0
C6,0
66,0
66,0
67,0
140,0
140,0
138,0
136,0
137,0
139,0
140.0
72,0
72,0
72,0
72,0
72,0
72,0
73,0
65,0
67,0
65,0
65,0
65,0
63,0
6n,0
137,0
137,0
137,0
137,0
137,0
137,0
98,
2,402.
Supply
2.5C0,
Consumpt'n 31 week.s 2,233,
Spinners' stock
1882-83.
1883-34.
1.
344,
2.067,
1883
1882.
1881.
1880.
1.
1879.
1878.
333,643
288,848
639,264
779,237
893,664
618,727
566,824
303,955
167,450
Total.
nent.
515,
363,
Consump. Nov., 5 wks.
Ttar Btginning September
Monthly
Steeiplt.
OreiU
OOOt omitted.
1882-83.
>
IS'i.O
The foregoing shows that the actual weekly consumption
in Eurojie during March was ltO,0;)0 bales of 400 lbs. each,
against 137,003 bales of the same weights at the corresponding
time lafct year.
It appears by our cable this week that Mr. Ellison has added
to the previous consumption in Great Britain 15,000 bales; this
has been done, without doubt, so as to bring the consumption
Sept'mb'r 313.812
326,656
October.. ,016.092
930,584
Sovemb'ri 1,030,380 1,094,697
Deoemb'r ,059,653 1,112,536
January
.
February.
Haroh.
April
..
.. ..
487,729
385,93°
241,514
111,753
752,827
595,598
482,772
284,519
429,777 458.478
853,195 968,3 IH
974,013 1.006,.'i01
996,807 1,020,802
487,727 571,701
291.992 572,72257,099 470,58.
117,595 284,216
888,491'
942,272
956,464
647,141-
447,91261.913
153,02.^
Totalyear 1,706,373 5,630,189 1,438,235 5,359.356 4.838 867 4,307,978
Pirc'tage of tot. port
reoelpts April 30
93-53
9102
92-74
91 23
I
98-88
This statement shows that up to April 30 the receipts at the
ports this year were 933,316 bales less than in 1883-83, and
268,638 bales more than at the same time in 1881-83. By adding
to the above totals to Apr. 30 the daily receipts since tliat time,
we shall bo able to reach an exact comparison of the movement
for the different years.
1883-31.
1882-83.
1881-82.
1880-81.
rot.Ap.30 4,706,873 5,630.189 4,438,235 5,359,336 4,638.867 1,307,973
May I....
6.634
5,234
8.
2,602
3,391
2,575
" 2...
11,082
3,844
5,531
6,013
8.
6.451
" 8....
3,235
7,496
2,455
1,548
7,363
4,612
" 4....
3.916
7,317
8.
10,953
4.633
8.
" 5....
4,8.54
9,482
4.696
4.851
3,384
7,434
" 6....
8.
6.798
2,912
3,759
4.01
3.936
" 7....
4.-282
8,237
8.
6,174
1,257
2,726
" 8....
9.3 S8
5,102
8.
1,995
4.366
2.439
" 9....
8.156
10,882
4,481
5,344
8.
2,621
••10....
1.443
6,419
3,17^
8,079
7,180
],953
"11....
8.
10,931
5,541
2,125
2.430
8.
" 12...
2,225
7,03€
4,076
5,875
4.197
3,998
" 13....
11,438
1,711
8.
9,301
3,573
4,211
" 14....
693
8.
5,214
7,903
2,890
3,161
" 15....
68 S
8.
7.414
3,387
3,150
1.771
" 16....
1,931
6.083
4,913
9,015
8.
4,303
4,737,670 5,738,723 4,510,347 5,460,292 4,792,314 1,3>5,935
Peroentag 6 of total
95-55
95-30
92-99
97-95
portreo'j ts May IB
93 81
Total
This statement shows that the receipts since Sept. T up to
to-night are now 999,053 bales less than they were to the same
day of the month in 1883 and 337,3'.2:5 b.-iles more than they were
add to tlio table
to the same day of the month in 1883.
the percentages of total port receipts which had been received
to >Iay 10 in each of the years named.
We
—
SmPPlNO News. The exports ot cotton from the United'
States the past week, as per latest mail returns, have reached
16,300 bales. So far as tlie Southern ports are concerned, these
are the same exports reported hy telegraph, and publislied in
the Chronicle last Friday, with regard to New York we
include the manifests of all vessels cleared up to Thursday
night of this week.
Total bale*.
New York—To
Liverpool, per steamer* Adriatic, 440
Alaska, 41 ....Baltic. 536.... England, 533....8erria.86
To Hull, per steamer Rialto, 3
To Br men, ptrst.aiuer Neckar. 50
To CoiwnhaiJen, ptr sicamerG.-iser, 100
New Ohlbans—To l.vcrpool, per steamers Amleau, Mr...
Architect, l,100...Bucuavemurtt, 7oO., legislator. 2,130
lamaicau, 1.401
To Havre, p>?r bark Hlperlon, -i.iaa
Chari-esto.n— lo Iteval. per l>ark Johannes Vote. 1,532
To Havcflmiii, per barK M >ria. 1.350
Qalvksto.\-To Ruval, per bark Daptine. I,3ii0
Bai.timokk— To lircmcu, per sleamur Kt-illn, lii3
Mara hou.
B J8TON— To Liverpool, i>cr steamers Borderer, 7..-3
100
PHIUUJELI'HIA—To Liverpool, peratejuiier iMtil Cilve. 95/
:
v.
Total
_
Tlie particulars of these shipments, arranged in
form, are as follows:
1,636
3
SO
100
6.813
2.26S
1,33«
1,350
l.SlO
103
883
937
16..30O
our usual
•
THE CHRONICLE.
602
Yorh.
men.
50
Hull. Havre.
3
I,ii36
5,818
N. Orleans.
Charleston.
Galvestou..
Baltimore..
Baree
£re- Cojtcn-
Live; PdOt.
New
Wcdnes.,
100
2,H82
l.StO
1,350
103
883
957
103
833
937
9,291
Total...
3
2,2«S
100 3,132
1:J3
16,300
1,350
Below we add the clearances this week of vessels caiTying
cotton from United States ports, bringing our data down to
the latest dates:
New Ohi.eans— For Havre— May 14—Ship Ryerson, 4,611.
For Kuuen-May 10- Steauinr Cbaiieellor. 200.
Charlkston For Barcplona— May 9— Brig Maria Luisa, 528.
May 10—
Boston— Fcir Ijlverpool— May 9— Steamer Paroiiia, 754
Ste.ainer Virpinian, 397
May 12— Steamer Norseman, 699.
Baltimohe— For Liverpool— May 13-Steamer Hanoverian, 789
May 14— Steamer Carolina, 1,111.
ForBremen—TiIay 13 -Steamer Habeburg, 173
May 14, steamer
America,
Philadelphia —For Liverpool- May 9 Steamer British Princess, 393.
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.j
ASIAMA, ship (Br.K from New Orleans tor Liverpool, whleli was re-loadins cotton at Bermuda, May 8, was to be ready for sea about
—
.
May
15.
Satur.
Jfon.
Wednu
Tue».
Liverpool, etearad. 5g^a3g2* ^l-'^sa* 5e4®»33*
saU...d.
....
..-.
Do
....
Havre, steam
38*
sail
Do
sail
Do
.
Do
....
38-
c.
....
..-.
....
....
he'
"lb'
6i«'
6ie*
TImri.
sail...e.
V
38'
38*
May
16.
38
3e*
»16"
Bib*
d.
d.
d.
d.
4.
d.
6 14
6 14
811
611
612
6 14
612
615
614
6U
8 IB
Hay-June.. 611
6 14
6 13
6 18
6 22
6 17
6 21
6 16
6 25
6 28
6 21
9 25
6 22
6S8
8 17
6 22
8 26
6 27
6 22
8 28
24
6 27
6 22
6 21
6 25
6 28
618
623
627
629
823
611 611 611
6
6
6
6
6
11
6 22
6 11
6 07
8 07
6 07
607
eC8
6 15
6 15
6 18
6 23
6 27
6 29
6 24
6 12
6 06
615
613
Jnne-July.. 6 17
6 14
6 11
8 17
May
luly-Auff... 621
8 26
Auff.-Sept
.
September.. B2j
8«pt.-0ot,.
Oct.-NoT...
8 28
6 23
6 22
012
6 12
6 08
Nov.- Dec.. 6 08
Dec-Jan...
Jan.-Feb ..
Feb.-March.
%*
38*
36*
^*
..-.
....
.,-.
....
....
828
6 22
6 12
6 23
6 12
606
8 08
B R
614 6
616 S17 6
12
13
6 20
B20 6
EA DS T U
8 13
616
22
26
28
23
FF
FaiDAT. P.
to the decline in wlieat
and the financial
statistical
The
position
is
621
8 26
6 28
6S-2
All
6 08
6 13
6 24
6 12
8 08
S.
M May 16.
,
18 ;4.
disasters of the
concerned
tlie
But
Minnesota
tlie
it is
week.
favorable
receipts here of all kinds of winter
mills, wlience
is
and
likewise light.
the bulk of the supply
derived at this stage of the season, are,
trust
V
d.
Flour has been duH and for most descriptions weak, owing
little.
.._.
Clot
d.
ie
V
Open High Low.
d.
Moreover
it is
said,
producing
slowness of trade and the atmosphere of dis-
and uncertainty created by the recent
failures of
banks
and
financial houses offsets the statistical advantages, and,
like
most other products,
Wheat has been
....
c.
Clot
Fri.,
spring wheat flour are small and the supply
ig.
e SitS'sa* »16®''32* 3lt®'32' SieSi'sa" Sis^'^sa* Sie^'sa*
sail
13.
d.
to holders.
i^V>
Clot.
d.
So far as the
-
Amat'd'm, steam.e.
Reval, steam...
....
3a'
c.
8all...c.
Do
%•
38-
.c.
Hambnri;, steam
3a*
....
e.
Bremen, steam,
38»
38'
c.
May
Open High Low.
Tbura,,
d.
—
Cotton freights the past week have been as follows:
Do
Open High Low.
S.OKlJ
:'.269
1,332
Philadelp'a
14.
1,739
'1,800
Boston
May
Total.
lona.
hat/en. Jieoal.
[Vol. XXXVIIl.
flour to-day
was
dull
and depressed.
quiet for export, and, as a rule, only fairly
active on speculation.
The sharp
fluctuations in prices,
how-
have made it an eventful week. It has, in fact, been a
week crowded with events of an unusually exciting nature.
^18*
'16*
'16*
'16'
7.6*
Oenoa, steam
e.
•fie'16*
'16*
rrieste, steam ...e.
The numerous failures in Wall Street, the drooping foreign
'iB*
7l6*
'l6*
'i6'
»16*
"16'
Antwerp, steam.. c.
Bie*
he'
6l6'
6i»*
markets, the favorable report of the Agricultural Bureau
* Compressed.
touching tha outlook for the crop, and the fine weather at the
Liverpool. By cable from Liverpool, we have the following
West, have naturally e.xerted a depressing influence here, and
statement of the week's sales, stocks, &c., at that port. We
the decline within a single week has been much greater than
add previous weeks for comparison.
is often witnessed in so brief a space of time. There have
AprU 25 May 2.
May 9
May 16. not only been failures in Wall Street to unsettle confidence,
bales.
51,000
52,000
56,000
74,000 but the embarrassments of a number of banks as well as
Bales of tlie week
6,50C
5,200
7,400
5,500
Of wUoli exporters took
1,60(1
2,400
3,500
6.0OO rumors affecting commercial corporations and firms, have
Of whicli speculators took..
35,000
40,000
4S,000
48,000 contributed to the sarhe baleful result, and the fall of prices
Bales American
13,(100
17.000
1,200
8,100
Actual export
13,400
13,700
14.900
-.
11,200 would undoubtedly have been much greater but for the coverForwarded
1.063,000 1,049,000 1,044,000
997,000
Total stock -Estimated
Of which American— Estlm'd 785,000 757,000 752.000 722,000 ing of shorts here and tlie determined efforts of the Milwau75,000
58,00C
79,000
31.000 kee clique to sustain prices at Chicago. The failure of one
Total import of the week......
39,000
20,000
49.000
23,000
Of which American
21 2,000
214,000
165,000 167,000 financial firm here has been a severe blow to a number of
Amount afloat
83,000
84.000
44.000
30,000
Of which American
Western banks, however, and the grain trade of the West has
The tone of the Liverpool market for spots and futures each thus been affected in distributing centres that might otherending
and
the
daily
closing
prices
May 16,
day of the week
wise have escaped ciomparatively uninjured. Today there
of spot cotton, liave been as follows:
was a light business here at a decline of }^c. to IJ^c. The exSaturday Monday. Tuetday. Wedna. Thurtd'y. Fndau.
Spot.
port trade was small, partly owing to the difficulty of selling
foreign exchange in the present unsettled state of affairs. No.
Business
More
V
Barcelona.steam.e.
=8-
=8'
V
»8'
»8-
ever,
—
Market,
12:30P.M.
)
Firm.
Firm.
Steady.
guod.
63,8
en
(inlet.
offering.
2 red sold at $1 OQi^ for Jime, $1 023^ for July, fl 03 for August and $1 04 for September, showing a decline for the week
of OJ^c. in June, 6J^c. in July and 3c. in August. No. 2 red
5
63ia
6^16
ehe
6J4
638
638
6>4
639
0.000
2,000
12.000
2,000
10,000
2,000
12,000
2,000
12,000
2,000
12,000
2.000
Easy.
Qnlet.
Qalet.
Steady.
Quiet.
Steady.
Steady.
(Juiet.
Mid Upl'de
Uid.OrtlpB
Sales
1
8pec.& exp.
6I4
638
tittura.
Market, )
12:30p.h.{
.
Market,
5 p. M.
}
(
Steadier.
steady.
highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. Tliese
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
f^j^The prices are given in pence and 6ltli3,thu>: 5 tS2 mean* 5 62-64(/.,
0.1
mr/rrut
ri
3-fi4ri..
Sat.,
May
10.
Opfn HUlh Low.
May
Hay-June
Oct.-NoT...
Dec.-ltin....
Jan.-Feb....
Feb.'March.
Clot.
May
JMon.,
Open High Low.
li2.
Clos.
d.
(J.
d.
d.
It.
li.
(i.
d.
615
6 15
6 13
6 17
6 21
6 26
613
6 15
6 IS
6 16
6 16
6 16
6 16
616 617
616 616
618 OIB 6 13
6 20
6 23
824
6 21
6 26
6 24
6 8S
6 16
6 16
6 18
6 24
6 28
6 23
6 2S
6 22
6 8-(
6 23
6 13
Jnne-July. 6 16
Joly-Aug.. 8 20
Ang-Seot 6 24
September.. 6 28
Bept.-Oct... 6 22
Nov.- Deo..
051.^ for September.
Indian corn has also been quiet for export and the speculation has not as a rule been brisk, though on one or two days
quite a. good business was done. Prices have declined, but
have not shown the depression noticed in wheat. Occasional
reports of unfavorable weather at the West have had some
effect in breaking the force of the various adverse influences
at work, but some decrease in the receipts at Chicago also
$1
Barely
Firm.
The opening,
aru) «
in elevator was quoted at $1 01}^, or OJ^c. lower than a week
ago. No. 2 red closed firmer, however, at f 1 01 in elevator,
|1 021^ for June, $1 0.4?^ for July, $1 04^^ for August and
6 13
611 611 6 11 611
6 07 8 07 6 07 6C7
6 2-
630
6 2i
6 311
6 20
613 6 13
608 6 08
6 28
6 27
6 30
6 21
6 13
6 08
628
6 30
6 24
6 13
6 08
Tues.,
May
Open High Low.
a.
d.
615 6
15
(i.
6
Clot
(i
6 22
6 27
8 15
6 lo
6 17
6 15
619
8 19
6 24
6
Irt
es2
628 628 6 2;
630 6 30 6 29
helped to sustain prices here. The interest just now centers
mainly in wheat, however, and corn is left to a great extent
to take care of itself. To-day there was a small business at a
decline of ^c. to l}4c. No. 2 mixed closed at 63>|c. in elevator,
63c. for May, 62i5^c. for June, C4i^c. for July and GoJ^c. for
August. The lowest figures of the day were 63c. for May,
61%c. for June, 63i^c. for July and 64^0. for August. The
1.^
6 17
6 34
13.
(1
18
week
from
2 to 3 cents.
6 2»
decline for the
6 24
6 24
6 23
6 23
612
6 12
6 08
6 12
6 08
812
quiet and barley is now about out of season.
Oats have been dull and declining. To-day a small trade was
done at a further decline. No. 2 mixed sold at 37@37^.ic. for
June, 36;^@38c. for July and 37%@88Mc, for August. The
market closed firm at about the highest figures of the day.
6 08
6 0S
Rye has been
is
May
IHK CIIIIONICLE.
IHM.J
17,
The following are ctoung quotntiona:
trheal,
ruioa.
«(,. 2iii>Hiif,-...»bl)l.
$2 25l» SrO'
Bi
I
M
w
W
i
1
tfxtraa..
iiilHtra't
4ooa
KBxtra*.
ar
iiud
3
......
4
5
Blr il;{Ul
PatoiiU, sprlutf
tntv
fAOOa U\
iirM.B ooa 6 10
^mll
^
wlnu>r....
Piirvnta.
a ,^oa 3 o.'>
ao<i» 3.V)
3 35 a 4 5l>
Hi
0oa
0oa
unit
No.a
Rpil wlutiT,
KiMl winter
White
WhiU< No.
Ooni — Went.
I2U0'U
l<),327
I'i.oth
S5,(ioo
14il,7l4
7'J6,3t7
00 8.>2
427,333
144.r.'U
65.125
3!>.\H48
463,131
.'lOl.OOl
...iv.
Y--'<
...41
It
t>4
No. 2.
licm..
t!3
ti^
«
a
04
08
7.'>
«
G.'S
•
AH
72
a
7ft
a
a
34
45
•
37'.j
42iii
»
Paoria
IndtaDapoUa
KaaMaCltr
BalHlDOre
l>owo MlaaUwllfPi.
On nil
Onlake
OuCunol
rot
May
10,
'g.t.
rot,May 3,'«4
u.4(Ht
434,403
74.H,097
500
026.T0O
100,470
20,su7,oi4 10,117, TO
'.'2,464,77(1
I'-.iuj
;:i
'
I
"•
iiiaU
4(iir.i
"•>
II
....
....
.....
7,H3li
763.0'.i0
r,.'i.i3.<
-
4ft.67«
.:
<J
11,1.(1.50
17,'..
972
Ihii.hh.'
.'.ii.:i4i
i,ri:i
:.i
1J,U-
May 12, 'H3. '>.I,0.!1.H13 15,047
rnt. May 13,'S2, 10,208.831
B.551.V
Itot. May 14. '81. 10,277,022 11.047.18a 3,154,71,1
Hjo.jjO .u.: ;j03
AORIOCLTURAL BUREAU REPORT OK TUE CONDITION OF TlIK
Crops in May.— The returns of the Dei>artment of A
for May make the wheat pro8i»ect nearlv »» fiiv..:
April. Then tho gen<'ral average was wit'
Hiaudard of full condition.
The 5Liy u
.1
rot.
•!
,
•....
•....
two-lowed
dU-rowed
Stati',
»
»....
Barler -N(i. 1 Canada.
No. 2 Citiiaila
08
of breadstufia
..liito...
37
42
Ni>.2 white
Stale,
v.v.-.. ...
08
71
74
.
White
M)
ll.O'U
17H,I20
14>i7:«
lO.Ano
2.111
4i>h,374
No.2mlxed
iiilxtMl
1,110
2^|i.,;ll
fhllitdelpbla
WesU^ni YeUow
.........
....a....
1
70,«i7
a,77A
31 N10
64 477
•,773
MsntTMl
»ye-We«toru
a. ..
8tnt« ACauaUa. ...
oiHiaioa^t
Oitts-Mlxed
.....30
84 a 92
I
13.ft44
na.lMlil
ll&.UOJ
ftfio
3
btuk.
»lja$
37(l 4'.!0
00a
SSOa
17a.3i4
buth,
»aooo
f.t.HfS
l,OI5,<li-4
l'(;i'xtr»».4
Com—
« 95
H5
o\
7H.51I>
3;,:<82
..
Mm,
BurUm,
Oalt,
buth.
huth.
a2s
kin.
Wlient—
Bprtnx.pir buaji.
BprlnK No- 2
...
..
•InoUlDati.Oit)
Oom,
7,->,(iOO
7.'.a
3 00a 3 30
Weoteru, Aa
Braudywlne, A0....3 35a 3 45
00
(I, I.OUIa
buth.
<,8,oiiO
3;7,<>i)7
4
Miiwrfloe.
uu.^
In Hart at—
Otwtge
B<Mt«m
roroato
fin
5 7.^
3 6^
30a
60^
-»
t<> market is indiciitol in thiThe movement
Htatement.s below, urejmred by iis from the figiirea of the New
\'ork Proihice Exclumze. We first give the receipts at Western
like and river ports, arranged so as to present the comijiiralive inovenieut for the week ending May 10. and since Aug. 1
.,
83^^ in 1883.
Barring the changes of
i,,-
,
wheat product of about MO.OOfl.OOO bushels is
The tennierature of April lias been lower
low-lying lands have been saturated with inoislure; reUmling growth. Well-drained wheat soils are nearly everywhere
bearing a vigorous and healthy growth.
jV few reports of injury by the fly have \xiea received, bat
the aggregate loss from insect ravages will bo trivial.
The winter wheat of New England is a scijircely apprcciablo
i
for eacli of tlio last three years:
1
lUcHptt at-
Wheat.
jnoiir.
Corn.
Barlty.
Ual«.
Jive.
BM>.19eik> Buik.aO(!u|Bluh.Sfllli.- BiuhJsatl>t'Dluh.481bii Bu(k.5»'f.
62.8'. 9
tn.TOii
»ii.au3
63.4aS'
6i',lSl
661.511.
Ui,3Ull|
24.90(1
117.183
4a."03
Sa.SIK)
8.HSC1
8rf,8«5
62.078
U.901
8,000
soo
a.Wi
18.24i
8.340
19.300
:8.084
U,744
Detroit... ..
23.0,14
25,000
86,000
5.626
S.918
QeTeland. ..
120.»3(>
4.USJ
84,S03
105.788
141.895
15.870
8t.Lom«....
191,8«6
ll.UOO
1,030
7,7J0
98.680
I^eoa
PK)rla.
Onlath
39.154
Ohlcmiu
Milwaukee..
Toleda
Tot-wk.-*!
903.373
1.066398
706 351
1,834,049
U62.5I1
898,110
1,8W.079
653,076
519,034
186.774
180,107
148,023
Bame wk. -83
Bame wk. Va
62,253
91.87S
49,502
172.369
188,528
140.8^4
BlnoeAiJw.l—
188a
7,379.876
61. 800.977
1883
7.«07.lMfl
67.075.lal
1881
6.348.l()»
3fl.4
11.753
00.399.315
74.399.358
90 n-M 615
51.023 353
41.159 273
16.359.370
6.841,151
14.066.989
3.90,1.084
«9.«.'U,354
11.571.(1 86
8.527. 1C6
The exports from the
several seaboard ports for the week
10, 1884, are shown in the annexed statement:
May
Elding
JSxporu
from—
flour.
BbU.
Ifew York
Boston. ..
Portland
59,524
33,303
Montreal.
2,390
20.492
Phlladel..
Baltliu're
rotal w'k.
Oom.
OaU.
Biuh.
277,454
Busk.
190.743
72,553
Buth.
47,001
51,791
46,933
124,000
369,827
1,917
1.402
N.Orl'us
Wheat.
Buth.
220,531
Suth.
105
75',ib5
40' 236
233.073
235,078
119,088
884,005
779,177
47,004
220,531
130,264
538.59ti l,-27 1.727
3.437
180.433
3.015
We
add the
73,270
S'me time
1883.
..
destination of these exports is as below.
orreapoading period of last year for compai-ison:
The
to—
1881.
Week.
IS83.
Week.
188-1,.
Week,
Uuy
Hay
10.
12.
Bblt.
Bblt.
78.459
5.110
82.931
Cuiitlu'nt
8.&(^Am
li.-'-iHO
12.683
11.780
12..'S83
e..539
18.032
020
9a7
119.(188
130.261
an.Ktng
W. iDdlee
Brit.Col'g
Oth.o'ut's
_TotaK
•-',435
May
1883.
WeSk,
10,
Sunk.
552,?9S
331,407
MUy
12.
Bufli.
197,384
318.790
14.616
7,h00
881.00.1
f.38.596
1883.
Week.
16S4.
Week,
May
10.
May
12.
Buth.
669.846
60.087
Bufh.
979.807
242,528
3'.',345
'.,;0,745
3,874
3,010
1,015
17.282
l,4(i»
9,wG7
7Tl>,17: 1,271,727
to our previous totals we
have the following statement of exports since September 1
this season and last season:
By adding
movement
this week's
Cbra.
^lour.
txtort* timet
8tvt. 1.
(0-
!88S«I
Sept.
May
1
Ui
SiVt.
May
10.
to
1
18.
Sept.
1
May
to
lb.
mit.
Biwk.
4.82.V517 10,420 G»t
390 SH3 12,470,197
Bblr.
I!l8»«3.
Sept.
Hay
1 tn
13.
19.857.938
Indlea.
495.540
5gi;2i.
510.357
617.534
S7.385
Brll. Col'nle*
406.(«'1
410 790
8010
119.558
58.550
15.600
0th. cuuntr's
:».1U1
32.419
17.567
5,397.769
e816
0»«l
23.Slf,»-iO
l.'J2;i
•iLieifini'
10.
80,<!S1,185
S.*(:.Ani.,.
Total.
May
Biuk.
3.f0').242
West
Sept. Ibi
BiMh.
Dn. Klnitdom
Oontlnent ...
26«.8j>t
1388-84.
.^4
6.744.1
1.337.625
206 305
1888-83.
Sevt.
1 '"
Uay
12.
Both.
8a578.«B7
4,4119,
inu
284 91U
802.515
203.2</«
119.576
I17.9S0
117.37J
HRH IMO
28 47S.HS7
28.810 08
800171
The visible supply of grain, (Ximprising the stocks in granary
at the principal points of accumuLilion at lake and seaboard
ports, and iu transit by rail and water, May 10, 1884, was as
follows:
Whetu
Oom,
Oatt,
Barley,
Rye,
In tiore at—
buth.
bunh.
buth.
buth.
r>uth.
Sew Yoilr
2,176,1S0
510,474 1,037,193
19,788
46,158
DoaUoat (eat.).
56,000
Alban7
17,000
23.600
5,200
Baflalo
429.796
270,34«
797
37.265
6,572
OhloaKO
8.731,645 4,980,427 771,7i5
!i,S98
631.3-iO
MQwaukce
1,158.723
917 203,930
'25,341
14,876
Daluth
2,t.32.699
lOledo
1,04.'S,883
Detrult
187,486
275.540
14,930
1.251
61,0:^1
30,186
17
ne Middle
:
The ppring plowing is a little delayed by low temperature
and excessive moLsture in undrained and tenacious sous. For
the entire country it is twothirds completed. In an average
year 73 to 75 per cent should bo done on May 1.
DRY GOODS TRADE.
Fbidat, p. M.,
Bxportt
for \eeek
'I
vania, 98; Kentucky, 00; Ohio, 85; Michigan, 85; Indiana, 85;
•
Illinois, 87; Mis.souri, 04; Kansas, 103; California, 93.
The seeding of spring wheat is nearly finished in Minnesota.
It has been delayed by heavy raina and low temperature in
Dakota, and is not yet completed. Returns of area will be
made on the 1st of June.
Rye promises fully as well as wheat. The general average
the princi^
is 96.
It is several points higher than wheat
States of the West.
The general average for barley is 101. It is lOO in New York,
100 in Pennsylvania, 98 in Michigan and 103 in California.
Meadows and pastures are generally promising, though failing to come up to the standard of healthy growth and unimpaired condition.
triE
Oom,
Wheal.
Flcuf.
Its condition is quite uiiifornily high.
and Southern States make averages ranging from 90 to 100. The
Ohio basin makes a le-s favorable showing, with little difference in the States on the north side of the river.
The States of large production make the following averages,
100 representing not an average conditon, but a full Etand of
healthy plants of medium growth New York, 97; Pennsyl-
m
Feat.
Byt.
quantity.
1
981
1884,
.'«ay 16.
In sympathy with Other branches of business, all of which
were more or less depressed by a financial crisis in Wall Street,
the wholesale trade in dry goods was very quiet during the
greater part of the past week, but a much better and more
confident feeling was apparent before the close. Dry goods
merchants have, as a rule, pursued a very caatious and conservative policy for a long time past, and they have not been
seriously affected by recent failures. There has been' no
shrinkage in the value of merchandise, as the result of tho
late upheaval, and there is a general impression that a revival
of business will be witnessed in the not far distant future,
because the fears so long entertained regarding probable
troubles in financial and speculative circles are no longer a
matter of suspense. The weather was spring-like and favorable for the distribution of seasonable goods by reUilers, and
a satisfactory business in this, department was reported in
most sections of the country, and, though stocks have not yet
been reduced to the replenishing point, a fair supplementary'
is expected by jobbers before the close of the season^
'J» fof
Domestic Cotton Goods. The exports of
jied tO
the week were 2,203 packages, of which 1,237
demand
—
i
.
Great Britain, 341 to Brazil, 201 to U. S. of Colouib.ii, Ud to
Venezuela, and smaller parcels to other markets. Tliere wa«
a light and irregular demand for plain and colored cottons at
first hands, and the jobbing trade was of limited proportions.
The relations between supply and demand are improving to
such an extent by the curtailment of production, that piicca
are steadily maintained by manufacturers' agents, and there
Brown
is no pressure to force ^oods upon unwilling buyer*.
and bleached goods were mostly quiet, but a very fair business was donn in wide sheetings. For colored cottons Iha
demand was governed by actual wants, and white goods wvre
1^
THE CHRONICLE.
604:
Print cloths were in fair demand and iirm
for 64x64s and 3c. for 56x50s, respectively. Indigo-blue prints were in steady request, but other
calicoes ruled quiet, and there was a limited call for ginghams>
lawns and other wash fabrics.
Domestic Woolen Goods.— The demand for men's- wear
woolens, as cassimeres, worsteds, overcoatings, &c., was
light and disappointing, but agents continued to make con-
lightly dealt in.
on the
basis of SJ^c.
heavy weights on account of back
orders. In light-weight clothing woolens no transactions of
importance were reported, the unsettled condition of affairs
in Wall Street having effectually checked all speculative
tendency. Satinets were in moderate request, but Kentucky
jeans and doeskins were less active in first hands, most accumulations having already passed into the channels of distribuCloakings were more or less sluggish, but some fair
tion.
sales of Jersey cloths and stockinettes were effected by agents,
and there was a light hand-to-mouth inquiry for ladies' cloths,
Some pretty good orders were placed for alltricots, &c.
wool and cotton warp dress goods for the fall trade, but
seasonable fabrics were mostly quiet, and flannels, blankets,
carpets, hosiery and knit underwear exhibited very little
& 2g
D-
g.
o
a>
S:
3
Silk.
Flax
O
B
g;
r-*
U( o»
CD a.
—
Dry
Goods. There was a conspicuously light
most kinds of imported goods from first hands,
and the jobbing trade was by no means active. Some additional orders for fall fabrics were placed with importers,
but transactions in this connection were checked to some
extent by the financial crisis. Tlie most staple goods are generally steady in price, but many fancy fabrics are easier and
in
«•-
tf*-
O
'X 00
V
l^Ui
w
h-*'"'
K)
t—
COCO
*--!
x
a to CO cc
cow
(*»
OM
CO 03 C
CO
c
o X o: *i
m
m
CO to
»C4 H>
05
^^
CO
©CO
U>M
H*
COM
COOi
MOO
I
tOt*»>
DnAfnC!
XJiJ,
X>^XN
state. County, City,
The fundlnu of
Write us
tion.
Town, School,
and Car Trust Bought and Sold.
Houston,
Mortgage
,
cors
McUhenny,
B. F.
WELLESI.BT,
B. F.
Weems.
WKKMS. Cashier.
W. T. Blackwbll,
MOO
COWT-OQO
Mrf^-OJCO
QO
to 3:
tf». i).
S.
N.
Also, Agents
(JNITED STATES BVNTING CO.
K.
A full supply, all Widths and Colors, always
No. 109 Dnane street.
First
SELLING AGENTS FOR
Gen. H. Gilbert irHg. Co..
Arlington ITIilla,
Freeman ITIIir. Co.,
C,
Hcul'rew
John
;
II.
NEW YORK
Pbexglb, Cash
on
all
(Hlln
BANK,
I.I
f..r«
Bliss,
P. BRANCH, President.
FRBI>. It. SnoTT. Vine-l"rBs'i
<;0.,
&
45
HOUSEKEEPERS AND OCCUTANTS OF
OheapoBt ulaee
Drills, Sheetings,
<tc.,
&0.
for Export Trade.
tn
New
OF-
Before buyriK your carpets,
Fulton
St..
BEN DALL'S
busement
floor.
Vnrk.
JOSEPH CI LLOm
STEEL PENS
Towels, (lulUs, Wlilte Goods ic Hosier}
I
notice.
Mtstlt ('arpet titure, 114
(Jo.,
PRINTS, DENIMS. TICKS, DUCKS,
and
WHITE Street,
YORK.
Linolouni. Ollcldths, or Muttintta, call ut
AND SHEKTINGS,
C.
Street,
OFFICE
CARPETS.
BROWN & BLKACECED SHIRTINGS
Cashier
Stn-.t.
37 rUoiuas Street.
Hnsierr and Varn mill.
In
Fabyan &
&
NKW
JOHN
BUAMCH &
35
16 Chaitnckt Strbbt,
BOSTON.
AOENT8 FOR
Ot-ean inills Co., Atlantic Cotton mills,
Pcabodj: IMlIlx, rbitopce ITirs. Co.,
White ITHg. Co.,
Uerton New illllls,
Saratoga Victory iTflg. Co.,
43
VltvtilNIA.
FICKS take
permission, Clarj,
Foote. 12 Wall 8t!
Rarks uenerullv
parts of the United States
Jr.
lOills,
Joy, Lincoln & Motley,
8FCCES80KS TO
E. R. niTDGE, SAWYER & CO.,
Virginia Bonds funded under the Funding Act
passed by the last Le^'islature, for M per cent commisilon. New North Carolina 8 percent bonds, secured
^y lien on the State's stock In the North Carolina
National Bank,-
'Colleotlons luade
l*lillli]>s,
Continental
(58 & to Worth
J
made on all Southern points on best
prompt returns.
v. Gl,S!NN.Caah.
THOJHA!!i
4
triliMINOTON, N.
Co., J:inios
liliivoln JTIills.
BANKERS AND COMMISSION MERCHANTS
RICHilIOND, VIRGINIA.
CO.,
Walkub,
Vlt'si.
BOSTON, 31 Bedford
Collections
1871.
A. K.
in stock
Brown,Wood&Kingman
New Tork, Boston, Fhiladelphia,
SELLING AGENTS FOR LEADING BRANDS
B. BJTBBnsu, Pres't.
kinds of
BAGS, "AWNING STRIPES.
special attention to collections.
in
Vork, by
51 Wall St.; Hatcti
Ln iils.
to CO
Co.,
George Wliitney,
t^rms
10 per cent, for sale.
til
ceo
With ample means, and facilities excelled by no
Bank in the State, invites correspondence and pays
RICHMOND,
ST. L0U18,
In
iC-coo
CO C" 'O
And all
Cashier.
MEliCHANTS' NATIONAL
Defaulted Bonds of Missouri Kansas and Illinois a
Weolalty. Good Investment Securities, paying from
Raforanc-.
-coo to
CANVAS, FELTING DUCK, CAA
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, &C., "ONTARIO" 8EAMLB88
AKLESTON,
Dealers In IVestern Securities.
New
]» wco
Oiff^MO^i.
&
Clf
S. C.
SpgCTAi. Attention orvBv to Collkcttowp.
IS.'in.)
1
References
oa^'rox.-i
Manufacturers and Dealers In
Na'bxonal Banking Association
8HELBYVILLE, ILLLNOIS.
4^ to
I
'
Brinckerhoff, Turner
BAATH OF CllARLEf^TOX,
Collections made in Shelby and adjoining Counties
aid Proceeds remitted on Day of Payn-ent.
BKFBRENCKS— National lanltofCon ercc.New
York. Union National Bank, Cinc'-nati, Third
N"»(o-,
B'"k. St. Louis. Tradern' Bank, Chicago,
Harrison's B nk iniianatiollR.
Dodee & Co.,
s
©wittmjcrcial ©avjfts.
BBNJ. A. BOTTS. Pres't
P. A. WJLKY,
Wm. C. CooTtTNET. Pres. Ernest
BANKER.s 4VU BROKERS,
806
•
MXO
on
no
C0)»^
o>ro
i;
I
Fiti-liburi^ %V<>rstcd <'o.,
W.
&.
rf- .f-
=-
^ to
CJI
Texas.
DURHAM,
Capital,
$260,000
C. A. Bboabwatbk, Pres't. A. Q. Ci ARKK.V..Pre«t.
E. Sha rpb. Cashier.
Tbos. M. Tboknton.
Wm. w. Thoknton. Cash.
F. THORIK'rOi\ &, SO\,
K8TABLISHED
CO
OSC-MCS*''
President.
HELENA, m. T.
UNITED STATES DEPOSITORY.
KELEHER
OMVB 8TKBKT,
It.
O'i't-'b'cob
Montana National Bank, The Bank of Durham,
P. F.
en
O'MI-
**M^IO0S
^2 0s
CO
{»
C.C. Baldwin. W. B. Botts, Kob't Brewster.
Dallas. Tbxas.
(Kstablishcd
to
03
I
General Manakrer,
street.
MMtOtOCO
CO
We give special attention to collections on all
accessible points.
D HECTORS. —Benjamin A. Botts, Pres't; F. A. Rice,
Transact a general Financial and Agency Business in
the State of Texas and Europe.
Wall
M
CJI
ihCOMMOO
W'lbw
ji CO M 0>
»
iP.
CJ-
coou
h-|ClOCO
CAPITAL, $S00,000,
C. K.
M»-MCCM
'-XO
COTTON
(OF E.ONDON, ENG1.AND),
Kew York Correspondents;
Blake Bhus. & Co.,
£<
5.
CO U-
O OC**M00
C"
CD
to
w COCO M O" O
to
'
COMPANY LIMITED,
M
.vl
C *-
-
cop- p+
Mr^toVo
THE CITT BANK OF HOUSTON,
THE
&
MMWro*-*
CO
CD to
^1
--
COTTON SAILDUCK
you wish to buy or sell.
Texas Land
^
X
MX OS
O coo
en
Special attention paid to collections, with prompt
remittances at current rates of exchange on day of
payment. Buy and sell State of Alabama and City
of Mobile Bonds.
Correspondents.— Bank of the State of New York
New York: I^ouisiana National Bank, New Orleans
Bank of Liverpool. Limited. Liverpool.
entire Issues receives special atten-
if
COM r:M'ro
JO
CO— QDi^
COO - i: *»
M
M—CHCO
10
CiOJOi*''-'
I
-l-lCi^
O—
MX CO 00 CO
-Ti
r(^iF>^
&
'
c:
-J — o: oi
M
M o: a CO X
to
c:t>
CO'*
CCCnpCM
to 05 00
OI 'I
CoV'&iQDU'
co<i-*toaD
CD
h-'-'tOOS
COOOitOO
c. cocoon
^^ M
M
GDO
GC'
00^
—
M
CO
COM
(XM
^
CO GO too: CO
to 03000 00
i;^
(JO
Ife-
M.
m|i
M
tntOMCOM
waM
=.
CD
Oi actios 00
COC GD-Jm
to
i-CTirfi.
M oi C. :"
C
M CO
CO c; o; M CO
cr.ci
lf>-
•>:
I-
CCOi-'M
^MCOK-CO
C»Oi
UDOO
fO-
C0O3MC0CD
W or
rf^
C WM
If^
^
00
cou
w y CO M
CJ<
cc 00
ap
coco
to
CO CO (^
O'M
>»-
to
JOM
OMM
CD r
ocnrooQD
M-J3
ODQD
H-tO
X
M CO
C0M*»-JOi
ro
ifc-C *»
'J
OaCDMM^JO'*
to
o
.1
C CD O X Cf
GO
a CO
>-^
wto
*.©
t
COtC
M
t^
'Xi
I
M
MM
o>t'II--*. CD 00
MO MM
c.
^^
5
:
^- CO
ro to
CK O' to CO ro
at 00 iCO
cn y'V] ifico
^OS
0D&
tc-
Co., Thos. P. Miller & Co.,
BANKERS,
INVE^TmEKT BANKERS,
lUOBILE, ALABAMA.
DEARBORN STREET,
CHICAGO, II.Ii.
T
tC05
IK
^0XttTxcvni gawfejers.
Wo. 176
i
ex
M CO
W CC
O 01 »3 (f O
I-
N. W. Harris
:
COM
O03
I
i
(30
NT
^
!
c;«
a
•
ff»>
-1
>
00
GO
:
M-
at
•
o
OS
o:fcowt-*io
It-Vt
i
;
C0O^MCS^^
»
cDlt>.'ro*-jco
^
to
;
Mat
c *-
a M
•^CJ-OiOCO
I
;
K
R
-J O' Uf CC
<i
CD
I
ro
•^
k;
M
Tl
for the corresponding periods of 1883, are as follows:
^iJcstjctni gaixlicrs.
*-i-'
c:
CO
o
W
;
^ M
>-
in buyers' favor.
Importations of Drr Goods.
The importations of dry goods at tliis port for the week
ending May 15, 1884, and since January 1, and the same facts
cj-
3?
CCOi
0D<1
FoEEiGN
-.J
£N
inni
o
s
o
CO
Wool
at
g
^
re »o to yi
C
05 - GCXI-'
O QU 03
animation.
movement
:
:
Manuf
Cotto
3)
deliveries of
siderable
XXXVni.
[Vol.
^ W
J
L
SoLoByALLDEALERSTHRoucHourTHEWORLO
COLO MEDAL PARIS EXPOS ITION^lByS,
Mat
CHRONICLR
TIIK
17. 1884
smsma
Susuvniice.
|ttauv»uce.
The United
OFKICE OF THE
Mutual Insurance Co.,
NEW YORK, January 24, 1881.
conformity to the Charter of
the C'oni|iuiiy, Biilniiit the fullovInK BtHtement
Of lt« ttllali'8 on tlio 3Ut Ucvomber, 1883:
riio TriwtccB. In
Premiums on MariiiS Risks from
1st January, >883, to 3lBt De-
^,168,053 10
Preniliinis on Policies not marked
January, 1683
BROM.NA.V, Crmldont.
C. P.FKAUEIOII.Soo'r. A. WIIICI.WIIIOIIT, AM'tSeo
Oio. U. Bunrono, Aotnwr.
Br an iwt of the LaBltlatore of thli auto this Com|Nui7's ohartor wu so ammded la 188i that b«rMft«r
all the proDU Bholl belong to the poUey-holdm ax>
Total Marino Premiums-.
fWDlnms marked
off
$5,70ti,185 63
from Ist
Janttary, 1 883, to 31st DeocmiHsr,
$4,260,423 03
1833
Iiomea paid during the same
period
$1,901,042 38
Betorng of Premiums and Expenses
$850,0i<0 76
,
The Company has the following
United States aid State of
York
Stock, City,
in
Amount
THE OUTSTANDING CERTIFICATES
is
declared on the net earned premiums of the
Company, for the year ending 3 Ist December,
1883, for.which certidcntes will be issued on
and after Tuesday, the Sixth of May next.
tbe Board,
H. CHAPmAN,
OF
Secretary.
WINSTON,
WMENT POLICIES
LlFEd: END
Rates Lower than other Companies.
ORGANIZED APRIL
Assets,
-
Horace Gray,
Edmund \V.
Corlies,
W. H. U. Moore,
Adolph Lemoyne,
Charles H. Russell,
Jfamcs Low,
David Lane,
Eobt. B. Mlntnm,
Charles H. Marshall,
Gordon W. Burnham,
A. A. Raven,
Wm. Sturgls,
Benjamin n. Field,
Joslah O. Low,
William E. Dodge,
Boyal Phelps,
O. A. Hand.
John Elliott,
James G. De
John
L. Rlker,
N. Denton Smith,
William H. Webb,
Charles P. Burdett,
George
Bliss,
W. H. H. MOORE, 2d
A. A.
Vice-President.
RAVEN, 8d Vlce-Prcaldent.
Co., GalTeaton,
&
Rountree
Texas.
Co.,
A'A'ir
rnitK,
AND NORFOLK,
IV
TA.
Special attention aiven to the execution ..f
orders for the purchase and sale of Cotton. (*r4lii
and l*roTlBlons for future delivery. Liberal adv uiMea
made on consUniments.
Henry M. Taber&Co.,
141
PEARL
ST.,
NEW YORK.
COTTOIV.
AdvaTices made on ConHiimnieotfl of Cotton. 0>n*
tratrtn fur Kuture Dollvcrr of Cotton booabt and
8oI(i
on conimisslon.
&
"Tuttle
Wakefield,"
General Commission Merchants,
84 Beaver St., New York.
F.BABCOCK&CO.
COMMISSION MERCHANTS,
Direct Line to
France.
GENERAL TRANSATLANTIC CO.
NEW VOHK and QATBE,
17 AVater Street,
LIVERPOOL,
Becelve conplanments of Cotton and other Prodnee,
and execute orders at the ICjichanKee la Liverpool.
Ret resented in New York at the offloe of
BABCOCK BROTH KBS A
Between
CC
80 WAI.L STKEKT.
From
Pier (new) 43 North Hlver foot of Morton St.
Travelers by this line avoid both transit by English
Railway nnd the discomforts of crosslna the Channel
In
rraalt hnsit.
rt
MIIIMANDIK, Fmnmiel
AllKAIXlU.
Wci1.,MBy
2P.M.
21.
JKO. W. TCUJ8.
Jno.
W.
•!
mbln, MOO and (SO; second cabin. 160; steer$26— Including wine, beddlnff and uternl's. Uotickets at very reduced ritea. Checks i>n Ilanque
Transtttiuutiquo, Havre and Purls, In amounts to suit.
EVFAVLj\,
First
afte,
tnm
Special Train rroin Havre to Parla.
The ('orapaKiiie (ienerale Tninsatlantlquo delivers
at its office in New York spficlnl tniln tlcl^ets from
Havre
to i'urin.
without
H^iUKage clieeUed throuah to Paris
e-YHmliiatioii
i(t
Iliivre,
provided
pii».<«enK6r8
B.
TuUis
LAMpurr.
&
Co.,
COTTON BUYEIiS.
Weil.. .Miija-I.S.V. Jl.
(-..llier
LAI UE.NT. de J.jusselln ..Wed., June I, V. M.
Puicc OF l'A»sAOE— (inciudlnKwIne): To Uuvre—
ST.
AI..ABA1II.4.
F. Hoffmann,
COTTON BROKER AND AGENT,
38 RUE DE LA ROURSE, H.WRB.^
WALTER &KROHN,
COTTOX BROKERS,
DE BEBIAN, Affont,
53
REAVER STREET, NBIV YORK.
Everingham & Co., Geo. Copeland & Co.,
COTTOJf BROKERa,
(Established
oominissioiv merchants, 130 PE.IRL STREET, NE1V YORK.
125 I,a Salle Street,
(ADJOININa CnAMUEIl OK COAIMERCE),
Waldron & Tainter,
L.
18(18.)
THE PUBCHASK AND
GRAIN AMD
8AI,K
OF
PROVI<iIOIVS,
on the Chicago Board of Trade, for cash or future
delivery, a specialty.
mi
Special Information, fndlcatlns oonrae ofr marketa.
freely furnished open reijnen.
ESTABLISHED 18SS.
EUGENE R. COLE, Successor
8ears
& Cole,
0r
1
>V1L,L,IAIH
STREET,
(HANOTBR SQUARE.)
PEARL
CLIMBV
07
JOHN
II.
&
CO.,
COTTON BUYERS,
IHONTCiOnERY, ALA.
Cumfimo^n
to
Bnppiles Banks. Bankers. Stock Brokers and Corporations Willi complete oatilts of Aooonnt Books
and Stationery.
New concerns orRanlxlnic will have their orders promptly executed.
No.
COTTON MERCHANTS,
STREET.
PmcHAsif oNt.v OS ORDcna roR
STATIONER AND PBtNTBB,
WiUlam H. Macy.
JOHN D. JONES, President,
CHARLES DENNIS, Vice-President.
tc
conMissio:^ kiercuants,
NO. 12 OLD BLIP,
B.
CHICAGO.
John D. Hewlett,
Jeniison,Groce
Libera] advances made on cotton consiimmentj.
Special attention idven to orders for contracts for
future delivery of cotton.
ONLY
F. rest,
diaries D. Leverlch,
William Bryco,
William H. Fogg,
Thomaa B. Coddington,
Horace K. Thurber,
William Degroot,
No. 10 Old Slip,
C O TT O M
Nn. A nowllne Oreen
TRVSTEES.
MERCHANTS.
New York.
COMMIS.SI(JN
14. 1842.
MtKmsMps,
LOUIS
D. Jones,
Charles Dennis,
Co.,
Axn
COTTON
$101,148,248 25 And
-
&
BANKERS
President.
have the same delivered at tho Company's Dock in
New York. Pier 48 North Kiver, foot of .Morton St.
at least two hours before tlio departure of a steamer
J.
E. S. Jcmison
YORK.
ISSUES EYEJIY DESCniFTION OF
I
J.
CO.
aad Ml* of
,
1883.
of
1879 will be redeemed and puiil to
theholders thereof, or their legal rcpresentatlves, on and after Tuestlay, the Fifth of Feb
mary next, from which dateall Interest thereon
irlll cease.
The certinoatcs to be produced at
Uie time of payment and canceled.
By orde&of
Tiaks.
MUTUAL LIFE
NEW
tlie Issue of
A DIVIDEND OF FORTY PER CENT
Two
1881.
THE
$12,972,312 47
BIX PER CENT INTEREST on the outstanding ccrtlllcntes of proUts will be paid to the holders thereof, or their legal reprcsen'atlves, on
and after Tuesday, the Fifth of February next.
Mtlifaotorr
Written.... t2mo,000 00 t6,BSt.aO0O0
Insuraabe In force
in.TDU.O(X>00 18,H0)t,00O 00
AsseU
5,lie,.'<144e
B.i'W,«1848
Payments to poUcy-boMoni 4SB,etU 40
i~i,m3 96
Increase In new business written In 1888 over 1888,
67 per cent.
GOOD AOKSTS. rtcslrinR to represent tho rom.
gany. are Invited to address J. 8. UAt'FNBr.
nperlntondent ot AKOncies. at Home Office.
00
79
335,710 68
Hpeetal attention jrlven to the pirrhMt
Kutiire t ^tfaan.
are InoontMlabl*
CoMPAuisu.v or Busixma roB
„ Insnrance
.
New
00
00
Imod
Absolute security, cuiublnod wltb tho loniasl liberality, assarcs the pupularlly and snooeu of this Co.
All forma uf Tontltio rollolea lamed.
Bank and
Bank
banoeforth
u
F. S.
otbor Stocks
$8,6G6 793
I<oaOB secured by Stocks and
oUierwjKo
l,956.r.00
Beal Estate and Claims due the
Company, estimated at
425,C00
PRmium Notes and Bills Rocelvaole
1,588,306
Cash
AH PolldM
for axiT caoie aft«r ihroo yoar*.
Death Claims paid iit nnco at mod
proofs are reoelred at tho Home Oflloe.
Sow
NICW YORK.
No. 01 Ntone Street,
II.
INSURANCE
Asicts, viz.:
Co.,
Cotton CommlHsioD Mirchant*.
oluslvelr.
1,539,232 53
&
Robert Tannahill
IN TlIK «ITY OP WKW VOItK,
(OIKHM/KI) IN IHOO.)
201, 202 & 203 Hroadwnr, Now York.
T.
Off Ist
States Life
Insurance Co.
ATLANTIC
CcmlHT, 1883
tfotUm*
BAGGING.
WARREN, JONES A ORATZ.
ST. LOUIS, Xo.
AsenU tor the lale ot
Manufacturer*'
mrosTSRs or
Jut* Bacflac
IRON COTTON TIES*
THE CHRONICLE.
viu
G.
Stillman,
Riiildiiig^,
INMAN,SWANN&Co
NEW^ YORK.
^VARK & SCHROEDER,
COTTON' COMMISSION MERCHANTS,!
POST
OANS MADE ON ACCEPTABLE SECURITIES.
SPECIAL ATTKNTION TO ORDERS FOR CON'TRACT
FO"l FL-TtTBE DELrVEBY OP COTTON.
IC
MERCHANTS
COTTON
Cash Atlrances Itade on Oonsignments.
'
New
Yorlt.
LIBHAN, DCBB &
oonmissioN iwerchants.
Rosenheim
±
CO T T O
IV
&
Hos. 81
& Co
,
Brothers,
BROKERS,
von Gundell & Mayhoff,
COTTON RROKERS,
& Co.
4 8 TONE
AU.MOHR.
PEARL STREET,
STREET.
NEW
& Gwynn,
ri.
New
Y^ORK,
OF
E.
•COMMISSION MERCHANTS
16 & 18 E«cbRi;ee.P1-\c<-,
J.
1
86
Orleans,
Lii.
Attention Giveu to the ExBoimos
&
A. Kent
Co.,
&
Co.,
PEARL
ST.,
Bloss,
NEW YORK.
Establlslic d (In
Ordf rs for future delivery of Cotton executed Ir
and Liverpool also for Grain and Pn^
«Moot In New York.
Wew Yo-k
l92
135 Pearl Street,
BuUard
Liberal advances made on cotton ecrslfmmenti
Bpedal attention piven to orders for contracts fof
ruiure delivery of cotton.
EITRE,
FARRAR
Sc
H. Tileston
&
See,,
4 r T,? in "i^'utarei'* creculeO ai N. Y.Cotron Kxcli
Ko. S Cortlandt
St.,
North
&
New
ALEXANDER,
York.
Agent.
British
Mercantile
Ins.
Co.
OP
AKD EDI\BI;R0II.
United States Board or ManagemrDt.
YORK:
Solon IIUMPnREys. Ch'r'n, (E. D. Morgan iOo.l
David Dows, Esq. (David Dows A Co.)
E. P. Fabbri, Eai]. Drexel, Morgan & Co.)
Hon. 8. B. Chittknden.
Ezra White, Esq.
J J. ASTOK, Esq.
CIIAS. E.
WHITE, SAM.
P.
ULA6I>E>
MAlfAaERa
Office,
64 William
St.,
New Vork.
York.
Uommerda/
Futures prompll
LJnion Ins, Uo.
>
MAIDEN LANK,
YORK.
BAGGIXO AND IRON TIEV
~
WILLIAM STREET, NEW TORE.
New
& Whede
NKW
Co.,
rOTTON. STOCKS, BONDS,
SS
119
PRICE,
NORFOLK. VA^
Co.,
COTTON BROKERS.
Orders for Spot Cotton and
executed.
$3,369,457 8*
IftKI .
&
Dennis Perkins
;
Farrar & Jones,
PEARL STREET, NEW YORK.
Ton t ine Bui ldi ng)
1,923,1?3 96
4,000,000 00
NETSURPLUS
AEW
Liberal advances made on cotton oonsignments
Heclal attention given to orders for contracts fo'
BtnT« delivery nf cotton in New York «,nd lilverncw,'
$9,192,643 80
losses
and re-insurance fund
Capital
I.OXDOi>i
ST. T.0UI8.
Wenman & Co.,
J ames P.
COTrON BROKERS,
COnVlSSION mERCIIANTS,
No. 113 PEARL STREET, N. Y.
123
unpalil
JTAS. A.
COMMISSION MERCHANTS,
No. 18 BROADWrAY.
18 William Street, Nenr Vork.
.
OF HARTFORD.
BUIIJ)ING. 6
Sawyer, Wallace
'
Company
Assets January 1, 1884...'
PROVISIONS AND COTTON,
rniCAGO.
Secretary.
iETNA
4SRAVIEB ST.,
New
tS.OOO.OOO 00
2,497.634 00
887.877 04
i,6875^40 07
17,402,751
WASHBURN,
H.
& Co.,
BRAVER STRKST,
Nevr York.
POOLE, KENT & CO,,
E. A. KENT & CO..
Co..
6BLMA, ALA.; MONTGOMERY, ALA.
Bnye^ of Cotton for a Commission. Orders for Fn
tare Cct-ract* executed in New Vork and Liverpool
S
Reserve for Unearned Promluras
Reserve for Unpaid I,oas09 and Claims.
NetSurplus
CIIAS. J. inARTIN, President,
ORDERS FOR FUTURE CONTRACTS.
WELLES
BRO.\DWAY.
119
CASH CAPITA!,
Insurance
ST.,
Tork.
tJRAIN,
€OTTON COMMISSION MERCHANTS,
Gwathmey &
OF NETV YORK.
OFFrCE
IN
n-rw tokp
&
Insurance Company
Cash Assets, Jan. 1,1884
COJimSSION mERCHANTS
BANKERS
AND
HOME
Liabilities for
ASD
John C. Graham
%usnvmtct.
W.UA.NKaAXX. CLEMENS FlSCBIB
PEARL
jPBCiAi.
COTTON FACTORS
Birn.Dnrg.
Special attention Kiven to orders for the baftVi
ind sellins of Cotton for FCTUHit l>ELiTCBr.
TENN.
Mohr, Hanemann
1 28
NEW YORK.
tio.
&
Beede&Ca,
COTTON BROKERS,
No 114 PBARIi STREET.
COTTON BUYERS,
OBOICIU rOH FCTURE CONTRACTS KlECtTTKn I>
Niw York and Liverpool.
Po st
CHARLES MATHOFF
CHESTNUT STREET,
116
William H-
Messrs. Smith, Edwards St Co., Cotton Broken
Liverpool.
Messrs. Flnlay, Mulr & Co„ Calcntta and Bombay.
Messrs. Samuel H. Bac k A Co.. New Orleans.
ALFRKD VON GUNDELIi.
CO_
PHILADBLPIIIA.
Also Orden fw
NEW YORK COFFEE BXCHANQB.
niEITIPniS,
COMMISSION MERCHANTS
Yielding
No.
NEW OB
VON OUNDELl. & MAYHOFF,
COTTON
No. -134
Messrs.
33 Broad Street,
NEW YORK.
avwtATUt c. uoPKncs. Lcciua IIopklns jHira
CSABLES U. MUJ.KU.
CLAGnORN HERRING *
GlasfEOW.
N08. 2
Hopkins, Dwight
Co.i
COTTON COMMISSION MERCHANTS,'
COttRKSPONDKNTS
James Flnlay A Co., Liverpool, London and
Street.
)OHN M. KWE.N.
Ewen
YORK, LIYERPOOL AND
COFFEE
at the
Sons.
WABBEN EWIN. JR.
COTTON
NEW
LEANS COTTON EXCBANGBS.
spondent in Liverpool, Messrs. B. NewKasa
L.
MERCHANTS,
South William St., New York.
KXECOTB ORDERS FOR FUTURE DEUYBRT
-l.VD
Ifork.
Orders executed at the Cotton Bxchan^s In New
York and Liverpool and advances made on Cotton
and other produce consisned to us. or to our corre-
Co.,
8
at the
Now
and Messrs.
COMMISSION
EXCHANGE PLACE.
iaUBERS OF THS OOTTON, COFFEE
PRODUCE EXOSAyaS.'.
CntmcH
York.l
.
&
Henry Hentz
Co.,
Mont^omerr, Ala.
204
New
BUCCItSSOHS TO
LEHMAN BRO'S,
Cotton ANDFactors
Up-town office. No.
BlTILOIiyG,
18 Exchange Tlace,
Edward H. Coates&
Offkred on Terms to Suit.
No. 40
&
Special attention pjild to the execution of orderit
for the purchase or sale of contracts for future de-ir
livery of cotton. Liberal advances made on ofm-t
sign mentp
COTTON, ALL GRADPTS, SUITABLE TO WANTS
OF SPINNERS,
ABRAHAM H COm
Mew Orleans, La.
Co.,
SUCCESSORS TO
16 & 18 Exchange Place
l.jmiAN,
&
Schroeder
MERCHANTS,
Post
17, 188'
Cotton.
®Ott0tl.
Woodward &
[May
(FOR BALING COTTON'.)
'pents for thp fdlloAvinjr Imtnds of Jiite Bnpclnp.
aKle Mlll<."-'Urooklrn ('lty,""i;eor^'ta,""Caroirna,"
'.;evlns.().""l'nlnn Star.'' Salom."**Ilorlcon .Mill-,"
Jersey Mill.s " and " Dovor Mills "
fOF
LOyDOX )
ALFRED
PELL,
Resident Manager.
'
'
IMI'OUTEUS OK
li
ON
TITS.
No. 46 Pine
Street,
@FedFRASER