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1
Wtefclg
REPRESENTING
INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATESL-
THE
having other origin appear to be §294,860,721
respectively, or a decline of 25*7 per cent.
CONTENT
THE CHRONICLE.
s
Cleaii ig-Honse Returns
510 Financial Review of April
5*24
520 New York Cotton Exchange.. 525
The Financial Situation
Northern Pacific’s Current InMonetary
and Commercial
ccm«
522 i
English News
526
wm A Jud eial View of Railroad
I Commercial and Miscellaneous
523 |
Receiverships
News
528
THE BANKERS’ GAZETTE.
Railroad Earnings
Returns
Securities, State
Money Market, Foreign Ex¬
change, U.S.
and Railroad
Stoiks
Bonds
and Bank
529
and Bonds
Investment arid Railroad
538
telligence
THE COMMERCIAL TIME8.
VCommercial Epitome
513 ]
‘Cotton
different cities.
Week Ending
In¬
544
Breadstuff's
519
I Dry Goods
550
1885.
New York
(Stocks....shares.)
(Cotton
bales.)
(Grain.. .bushels)
Boston
3£he Chronicle.
Providence
Hartford
Commercial and Financial Chronicle is published in
New York every Saturday morning.
{Entered at the Post Office, New Yorl^ N.Y.,
Terms of
as
second class mail matter.]
For One Year (including postage)
For Six Months
do
Annual subscription
Six Mos.
do
6 10
do
do
Portland
Worcester
Springfield
Total N. England
$10 20
in London (including postage)
New Haven
Lowell
Subscription—Payable in Advance:
Philadelphia
£2 7s.
Pittsburg
£ L 8s.
Baltimore
These
prices include the Investors’Supplement, issued once in two
mmtlis, and furnished without extra charge to subscriber of ilic
Total Middle....
CHRONICLE.
Subscriptions will be continued until definitely ordered to be stopped.
Cincinnati
scriptions and advertisements will be taken at the regular rates, and
siuglc copies of the paper Mipplied at Is. each.
The office of the Chronicle in Liverpool is atB 15, Exchange Buildings.
) WILLIAM B. DANA Sc Co., Publisher*,
Peoria
JOHN O.
r.
n
JJ’i.vm
FLOYD.
79 Ac Si William Street, NEW lOUK.
>
$
POST OFFICE BOX, 958.
The exchanges
are
|| less satisfactory again, exhibiting
"
as they do a decline of
$76,399,111 from the figures of the previous week. This large
^decrease is participated in by all but four cities (Springfield,
g| Lowell, Peoria and New Orleans), and at some points the fallj+ing off is quite large, notably at New York where it reaches
*'
*
Milwaukee
Detroit
Indianapolis
$54,175,707.
-336
$488,510,488
-25 2
(1,129,141)
(293,000)
(2,033,189;
(491,300)
(54,323,000)
(87,810,000)
(-572)
(-40 7)
(—32-0)
(1,420,753)
(052,400)
(50.077,500)
(33,615,000)
(-258)
(-23-9)
(+80*7)
(-73*1)
(71,962,039
+6-7
+1-5
(36,601,500)
(40,000,000)
Columbus
Total Western...
(-54*5)
(05,239,783
3,579,000
1,357,217
1,057.840
743,321
741,93?
674,903
478,520
(63,511,643
4.083,100
1,6*2,805
+2-7
-123
1,090,490
—30
837,720
-11-3
807,734
—14*5
005,022
532,993
—10-2
(73,872,521
(73,212,247
+0'9
$81,835,389
+5-4
(41,310,164
(52,090,551
—200
(45,329,304
-223
7,018.149
10,914,730
12,881,280
-455
-8-9
7,107,566
11,508,234
-47-8
11,975,493
(59,273,043
(70,947,324
-23-0
$04,005,104
-258
(41.390,321
8,800,600
8,101,110
2,237,195
1,385, ICO
1,958.587
+5-1
—10*4
4-14
,
4,496,100
1,455,081
1,097,750
871,622
859,298
657,938
—11*0
434,941
—12-7
1,459.575
—20-0
803.983
-2'2
(46,140,678
8,605,0 50
8,007,004
2,390,594
1,259,672
1,984,274
1,480,205
789,625
(60,90S,330
(61,202,567
-05
(05,007,792
(14,513,104
579,201
6,500,097
1,800,803
1,167,031
786,138
Cleveland
—15*7
—13 0
!
-+-3*0
-18-0
—81
—100
—:o 9
+2-0
+ 1*6
-19-3
-♦-S’ 1.
—Ill
+1*2
-70
-10*3
-17 0
—1*5
-8*4
+1*0
+0*2
(1(5,809,426
-3 7
-12 1
637,198
—16*6
+7-2
—41*8
+ 1*6
+42*8
-11*9
Louisville
3,793,032
Kansas
3,963,415
948,453
(14;480,0<7
(■■53,816
0.071,575
3,9*0.21!
2,658.235
1.042,09*
-90
6.490,289
4,393,904
4,441,940
1,033, '07
(30,300,9 2
$28,837,000
+5*1
(32,866,324
+19*2
(12,851,050
+240
800
$745,730.207
-19*8
—57
$237,225,719
St. Louis
St. Joseph
City
Memphis
for the week ending with Saturday last
1885.
Per Cent.
(707,078,332
7,122,i:0
2,751,333
2,318,423
1,136,510
New Orleans
CLEARING HOUSE RETURNS.
1884.
18.
PerCent
(434,331,721
(43,525,930
Chicago
The publishers cannot be responsible for remittances unless made by
Drafts or Post Office Money Oiders.
A neat, file cover is furnished at 50 cents; postage on the same is 18
cents. Volumes bound for subscribers at $t 00.
Offices In England.
The office of the Commercial and Financial Chronicle in London
Is with Messrs. Edwards & Smith. I Drapers’Gardens, E. C., where sub¬
wtMT,,r
Week Ending Apr.
April 25.
Sales of—
(Petroleum..bbls.)
m
cent, the clear¬
ings aggregating $235,002,375 against $249,125,764 in 1884.
Below we give our usual statement of the details for the
531
532
1,036.
and §396,878,332
Outside of New York the loss reaches 5*7 per
General Quotations of Stocks
and
Range in Prices at the N. Y.
Stock Exchange
530 j
^ The
NO.
SATURDAY, MAY 2, 1885.
VOL. 40.
P
MAGAZINE,
MERCHANTS’
HUNT’S
*
Total Southern..
San Francisco
Total all
Outside New York
(10,041.499
(8,020,020
(060,337,096
$950,204,090
$235,002,375
>249,125,704
-33
+49-1
—
-29-8
-7 0-
Not
only do the exchanges for the five days ended with
Friday, as received by telegraph, exhibit some decline at all
Compared with a year ago the loss this week is points from the totals for the preceding five days, but, further,,
decline on April 18 of 19*8 per cent. The they compare with figures for 1884
which were largely
greater percentage of decline now exhibited is not due wholly increased over the
previous returns. In consequence of the
to the los9 noted above which has taken place this year, for
above the percentage of loss from a year ago is greater than
§ during the same period in 1884 there was an increase in the lias before been recorded this year. The clearings at New
aggregate clearings of $26,721,031, due to the fact that New York, however, last year were unusually heavy.
York reported an excess of nearly $55,000,000.
Five Days Ending May 1.
FiveD'ysEnd'gApr. 24
Eight cities present clearings in excess of a year ago, and
Per Cent
1884.
Per Cent.
1885.
1885.
they are Kansas City, San Francisco, New Orleans, Chicago,
—37 5
—C07
$710
274
220
$370,007,741
(350 30u 073
|| Detroit, Boston, Springfield and St. Louis. The New England
(-75*2)
(929,561) (-58*2)
(2,592,782)
(641,596)
and Southern sections exhibit increases over the figures of Sales of Stock (shs.)
Boston
54,919,242
+6*0
52,431,972
60,429,898 —13*2
1884 of 0*9 per cent and 5*1 per cent respectively, but the
—16*6
85,186,018
40,992,026 -31*5
Philadelphia
82,203,758
30 per cent, against a
^"Western division now shows a loss of 0*5
cent, the excess
rjplt Chicago being insufficient to overcome the decline at other
points.
The Middle section falls behind last year 23 per cent.
Share transactions
on
included in this statement
f this year
per
the
New
cover a
against $155,100,000
York
market value of
a year ago,
Itotals be deducted from the New York
Stock
Exchange
$69,737,000
and if double these
figures, the exchanges
Baltimore
—21*3
9,211.947
30,80*2,000
12,220,860
-9*2
(887,733.418
54,671,079
-44*8
(51S,416,308
-30*1
(489,901,535
49,557,593
-9*4
55,296.049
-13*3
(539.459,133
(942 405.097
-4*2*8
$573,712,957
—28*8
$1.-9.159.000
(232.130.871
—18*5
(•203,705+10
-4 7
11,430,490
Total
Balance, Country*
Total all
Outside New Y< rk
Estimated
11,494,731
45,108,000
13,435,037
8,705,242
34,824,000
Chicago
St. Louis
on
—22*8
-14*9
the basis of the last weekly returns.
+7*1
+2*2
THE
520
CHRONICLE.
wheat has
FINANCIAL SITUATION
THE
The situation
•
has undergone
very
trifling changes
[VOL. XIj.
received, making the public more
cautious,
a
feeling which can only find relief when some degree of
certainty is assured respecting other productions. Then
also, there is the foreign exchange market, which acts
similarly, the high rates increasing the feeling of doubt as
to the future.
This week foreign exchange has not been
In the agricultural districts it is a
satisfaction to know that notwithstanding the brief cold
wave which has passed over northern sections, the weather
has continued fairly favorable for planting preparations quite so strong as it was immediately after the late advance,
but is not quotal.ly lower.
The easier market is due
and crop development.
In the South, however, there
have been some local disturbances, the most important of mainly to an increase of commercial bills, drawn against
late shipments of breadstuffs. With, then, so many import¬
which are the severe storms in the Southwest and the
overflow in the Arkansas valley.
These though distress¬ ant elements of uncertainty existing—the war news, crop
advices and rates for foreign exchange—it is not surprising
ing to the sections harmed are so limited in extent as to
have but little effect as yet on the total crop.
With that the development of general business should await
regard to breadstuffs, the Agricultural Department report events, showing for the time being less rather than more
for the first of May will be awaited with interest.
It life.
In this condition the stock market has also naturally
would seem as if the warmer weather of the last three
weeks of April ought to have had the effect to raise the enough sympathized. Fewhave dared to sell and fewer still
to purchase, so, although prices are in general sustained, there
average on winter wheat, and yet current private reports
are generally disappointing.
For corn, oats, flax and has been little doing. An important feature of the week,
though it has been without any special influence on
cotton the indications point to a larger acreage.
As to the threatened war between Russia and Great prices, is the chaotic state of the railroad traffic arrange¬
ments.
Among the roads west of Chicago the warfare
Britain, it still has a decided influence in all our markets,
has increased in bitterness, and rates both to Omaha in
although there is as much doubt as ever with regard to
the result of the negotiations in progress.
Stimulated by one direction and St. Paul in the other are down to ten
cents per 100 lbs. on all classes'of freight.
These rates
the daily reports, the speculative movement in breadstuffs
are simply ruinous, and the only redeeming feature about
and provisions has continued; prices seem also to have met
that they hold out the hope that through such
with more response in Europe than heretofore, so that for them is
drastic means the contest will be brought to a speedy
the week our exports will show better than for some time.
In the East, the action—or, rather* non¬
But the effect of the situation on most other industries has termination.
action—of the trunk line managers at their meeting on
been depressing.
All buying for import, especially in dis¬
tant markets, is checked or restricted through the higher Thursday has furnished another evidence of the difficulty of
insurance asked, while in our Stock Exchange no one dealing with the pool problem, and re-establishing the pool
on an enduring basis.
The managers, it seems, approved of
dares act on his convictions, but prefers to await the event
the project of the formation of the Central Traffic Associa¬
and let the result determine its effect.
In the interval, warlike preparations go on with increas¬ tion, to which we referred a short time ago, and expressed
their intention of co-operating (which co-operation of course
ing vigor, while the points in dispute remain unmistaka¬
ble and on the surface irreconcilable.
But aside from is necessary to success) as soon as the plan has been satisfac¬
these obvious appearances the surroundings are really quite torily worked out. This, of course, is encouraging, as far at
it goes. But these trunk-line managers at the same time neg¬
characteristic, for the Czar is beyond a doubt all the time
lected to do anything about continuing their settlements of
encroaching, while Gladstone meanwhile is talking splen¬
balances.
We do not understand that this means a disso¬
didly. To the average American it looks, as it has looked
lution of the pool. Things will probably go on as they
from the first, as if the English Government (not the Eng¬
have been, that is, the semblance of a pool will remain,
lish people) would rather give up the whole of Afghanis
but destitute of all power.
For all practical purposes,
tan than fight for it. Of course we all feel that war is to be
avoided
when it can bo without too great sacrifice, and however, it might just as well be abandoned.* The idea of
certainly a campaign such as this promises to be is not regulating or controlling rates has previously been given
lightly to be entered upon. But when a general spirit of up, and now no attempt will be made even to hold the
forbearance has proceeded so far, that even France roads down to pool percentages, either east of Chicago or
dares insult a nation like England because of the sup. west of the seaboard, for there will be no provision for
pression of a contemptible newspaper, a time for the old settling balances. It will be remembered that the old
lion to growl at least, seems to have come.
In this case method of settlement had been extended from the 1st of
Russia wants apparently, and for a purpose best known to April to the 1st of May, but at this week’s meeting, as
herself, to plant her forces where they can be a constant said, nothing was done towards a further extension.
So long as the business situation remains as it is, we
menace to India.
That she has now accomplished; and if
she is allowed to stay where she is, and the boundary can should think it was unlikely that any satisfactory and
be rectified so that a settlement gives her all she claimed, effective arrangement would be made. There is not enough
her present purpose is attained and the rest she can wait traffic to go around. The stronger lines, by reason of their
for under a “distinct pledge,” good so long as it lasts, that superior advantages, are sure to get, if unhampered by pool
the “ Lessar line shall be the abiding limit of the Russian combinations, the bulk of what traffic there is, and the
frontier.”
Will it not be quite a new sensation for the pool, therefore, is only a device for giving to the weaker
world when Russia gets an “ abiding limit ” in any lines what they could not obtain for themselves,
and diminishing the traffic of the better lines to that
direction ?
extent. The only reason these latter ever have for joining
What has been already said sufficiently reflects the sit¬
uation of general business.
Until this war issue is settled? the combination is that rates are supposed to be thereby
maintained at a higher figure than would otherwise be the
trade cannot prosper; there is too much uncertainty as to
This object cannot, however, be obtained now, and
the effect of a European disturbance on.our industries to case.
the only tariff that any road pretends to observe is the gopermit of any revival of confidence. This is aggravated,
Hence the interest of such lines
too, by the doubt which surrounds home influences : we as-you-please tariff.
as
the
New
York Central and Pennsylvania is
refer especially to^the crop condition—the set-back winter
during the past
week.
work outside of the pool than within
it.
The New York Central apparently recognized this,
when it agreed a short time ago to divert no more firstclass west-bound freight.
Then it is to be remembered
that the Central has a private score of its own to settle
with the West Shore.
The Lackawanna likewise remains
an interloper.
Further, the Erie is at loggerheads with
Mr. Jewett and the Chicago & Atlantic, and has with¬
drawn its through business from the latter line.
While
this is the case, the Erie will hardly be much concerned
about making the through rate profitable to the Chicago
& Atlantic. Finally, the competition of the canals and the
water-route generally has now to be met.
LTnder the
circumstances what can wre expect but a continuance of
the disorganized state of things that has so long ruled to
the detriment of all interests ?
Reports have again been current this week and have
received some credence, that New York Central was
to
rather
521
THE CHRONICLE.
1885.]
May 2,
tion of his own—we mean
the Southern Pacific Company,
patterned after the Villard combination, differ¬
ing merely in name and component parts. The Oregon Trans¬
continental controlled its lines through simple stock owner¬
ship, and so does the Southern Pacific. Mr. Huntington’s
advantage heretofore has been that controlling the en¬
trance into San Francisco, he was able to dictate terms to
other roads wishing to reach that point.
But now the
Atchison is building a line to San Diego, from whence
to San Francisco steamer connection can very easily be
made, and with both the Union Pacific and Northern Pa¬
cific using the Oregon Navigation line to Portland, with a
steamer line to San Francisco, Mr. Huntington will have
Northern and Southern competitors to contend against, with
power to compel him to make a fair division of the traffic,
or in the event of a refusal to so demoralize rates that all
profit on the business will bo gone.
which is
unchanged at 1@1^- per cent,
Bankers’ balances remain
and there has been no important alteration in the rates
negotiating for the lease of the West Shore. According of domestic exchange at interior points on this centre,
to our way of looking at it, we can scarcely think of a
still favoring a return of currency to New York.
less likely event.
Of course if the reorganization scheme they
The banks have made some progress in the movement,
should be successful, the conditions would have changed to
make some arrangement possible ;
but even then, with the history of the failure of the Nickle
Plate purchase so recent, a guarantee by the Central of
greater fixed charges than West Shore is able to earn,
would be clearly out of the question.
The Central might
much better suffer loss through the
railroad war
such
an
extent as to
alluded to last week,
looking to a reduction in the rates
be allowed on balances of
tutions and it is probable that the majority
of interest
to
interior insti¬
will agree not
than 1^- per cent. Some that signed the
agreement will not sign this one ; but it is thought
that all such will refuse to take any new accounts.
The
following statement, made up from returns collected by
now in progress, than saddle itself permanently with a
us, exhibits the receipts and shipments of gold and cur¬
losing contract of that kind. And yet these rumors
rency by the New York banks during the week.
would have us believe that an arrangement is being
consummated while West Shore is
unsettled state, with every interest
in its
inclined to think that this rumor is- set
by West Shore wreckers who are opposed to any
We
pay more
former
present
undefined and an
unknown floating debt, under which arrangement the Cen¬
tral is blindly to assume all and guarantee some return on
the old mortgage.
Surely the Central must be hankering
after boiled crow, when it is ready to sit down to such a
dish.
to
are
Week ending May
legal tenders..
The above shows
of
..
$8,124,000
$500,000
Gain... $2,024,COO
$3,124,000
$500,000
Gain.. 82.024,000
the actual changes in the bank
gold and currency
holdings
caused by this movement to and from
In addition to that movement,
the interior.
Movement.
N. Y. Banks. N. Y. Bmks.
Cnrreney
Gold
Total gold and
Net Interior
Shipped by
Received by
1,1885.
the banks have
operations of the Sub-Treas¬
reorganization scheme, and hope in this way to tickle the ury. Adding that item, therefore, to the above, we have the
old bondholders with the idea that there is a hope outside following, which should indicate the total gain to the
New York Clearing House banks of gold and currency
of the proposed arrangement.
Another subject which has given rise to considerable for the week covered by the bank statement to be
afloat
talked-of lease of the Oregon Nav¬
discussion has been the
igation line by Union
influence the stocks
and Northern Pacific.
Under this
of all three roads have been strong
higher, and that of Oregon Trans-Continental as well.
We refer on another page to the bearing of such a lease
on Northern Pacific.
It is only proper to say however
that as yet the most conspicuous feature about the whole
matter is that nothing definite is known.
There appears
and
lost
$G00,000 through the
issued to-day.
Week ending May
Banks’ Interior
Snh-Trensnry
Into Banks.
1,1885.
$500,000
7,700,000
legal tenders.... $10,224,000
$8,200,000
$3,124,000
Net Change in
of Banks.
7,100,000
Movement, as above
operations
Total gold and
Out
Bank Holdings.
Gain. $2,024,000
IjOSS
.
600,000
Gain. $2,021,000
of England reports a gain of £981,000 bul.
lion for the week.
This represents £849,000 drawn from
The Bank of
abroad and £132,000 from the interior.
France shows an increase of 5,900,000 francs gold and a
decrease of 1,825,000 francs silver, and the Bank of Ger¬
The Bank
good deal of fencing going on. The Northern
evidently wants the line, and so does Union Pacifi^
but neither seems willing to incur much if any risk. From
many since the last report has lost 120,000 marks. The fol¬
a guarantee of six
per cent, there was first a descent to lowing indicates the
amount of bullion in the principal
five per cent, and now we are told that four per cent is
European banks this week and at the corresponding date
under consideration.
A lease of the Oregon Navigation last
year.
line has been so frequently before announced as being
May 1, 1884.
to be a
Pacific
in
prospect
from
—that
—
though
April 30, 1885.
the present proposition differs
suggesting a joint arrangement
perhaps it is well to wait until the matter is
former ones in
Gold.
Silver.
&
3
26,878.524
Rank <vf
Gold.
Silver.
3
&
25,325,902
“England
terms made public,
42,126,707 42,526,696 40,304,165 40,146,163
of Franco
7,012,750 21,033.250 7,606,250 22,817,750
Of course, the benefit Bank of Germany
to Oregon Trans-Continental Company would consist in Total thin week
76,017,931 63,564,946 73,236,317 02,963,913
74,952.593 64,091,697 7J,054,?0 4 62,888.613
the improved, value it would give to its holdings of Navi¬ Total previous week
The Assay Office paid $197,539 through the Sub.
gation Company stock. And while speaking of the Oregon
Trans-Continental, it is interesting to observe that such a Treasury for domestic bullion and $58,232 for foreign
lease could hardly be viewed with satisfaction by Mr. bullion during the week, and the Assistant Treasurer
Huntington, who has now a Trans-Continental organiza¬ received the following from the Custom House.
definitely determined,, and its
before building much upon it.
Rank
..
..
THE CHRONICLE
522
[Vol. XL.
Consisting of—
Gross
-
Gold.
$2,000
$342,912 78
Apr. 2 4
“
25.
367,180 81
2.000
“
27.
“
28.
29.
579,207 53
453,901 43
273,061 43
30.
350,358 41
2,000
4,000
2,000
2,000
“
Total.
$2,366,622 39
$14,000
IT. 8.
Gold
Silver Cer¬
Notes.
Certifies.
tificates.
$105,000
$L77.000
79,000
144,00*'
142 000
[ 68.000
77,000
263,000
245,000
154.000
$58,000
219.000
02,000
103,00a
106.000
69.000
146.0(H)
133 000
$413,000
$980,000
$957,000
18S4-85.
First six
months
(July to Dec.)...
Januarv
|
| 1883-84.
February
569,964!
March
691,612;
Total nine
rnos..
i
Net
<-
1883-84. ;
1884-85.
June.....
Total fiscal year
-288,-257 ! 3,877,724 3,060,583 + 211,141
,
843,3471
635,226'
1.441,515
i
1,287,805
1,143,123
i
i
$
j
!
May
Gain.
I
*
*
*
i
+ 9,729 3,359,569 2,921,276 +438,293
164.179
-51,171
—60,521 j
113,008
520,085; +49,879
91,282)
+70,727
108,009
489,846 -252 708
978,956; —287,344 j 237,138
8,442,877- S,731,134
April
Earnings.
! Loss ur
Loss or
j Gain
*
i
$
!
6,(527,719; 6.617,90O;
553,582'
014,103'
■
Duties.
Date.
1
Earnings.
12,603.577!...
|
535,895
1
! 5,681,051
Thus in
January and February there was very little
There was a loss
In view of the discussion going on with reference to the change from 1884 in either gross or net.
month
in the first
and a gain in the second.
In March,
proposed joint lease of the Oregon Navigation lines, by the
Northern Pacific and Union Pacific companies, figures however, there was a decided loss in both gross and net—
much larger than any one expected.
And the loss is the
bearing upon the earnings and income of these companies
result mainly of a diminution in freight earnings, and not
possess special interest just now.
As to the Union Pacific,
NORTHERN PACIFIC'S
have
CURRENT INCOME.
frequently of late commented on its affairs,
that anything further would be quite superfluous.
In the
case of the Northern Pacific, however, the general public
is not so well informed, and we have this week obtained
some facts about its
current business that will prove of
value and be useful in a study of the road's progress and
position.
As respects the lease itself, we should say that from an
administrative point of view it would seem a good thing
we
so
for both the Union Pacific and the Northern Pacific.
latter
has at present
The
other 'outlet to the Pacific
Coast, while the Union Pacific would through the lease be
made, to an extent, independent of the Central Pacific.
From a financial standpoint it is not possible to speak so
definitely. All depends upon the terms of the lease, and
the earnings of the Navigation Company. These earnings
it is admitted have fallen off heavily in some of the recent
months, owing more particularly to blockade by snow and
severe winter weather.
But no figures have been given
out, and there is no later information about the company’s
gross or net earnings than that contained in the report
for the year ended June 30, 1884.
It is tolerably clear,
however, that the company has thus far in the year failed
te earn the 6 per cent dividends which are being paid.
no
This follows from the fact that the
surplus above the six
per cent basis which remained on the operations of the
fiscal year 1883-4 is offset in the present year by an
increase in charges to about the same amount, while
meanwhile earnings, as stated, are turning out smaller
and further color is given to the idea by the action of the
managers in deferring the payment of the May dividend for
cne month—till June.
Whether the company has fal en so
far behind
as
to be
unable to meet
even a
5
or a
4 per
cent
earnings—the latter being responsible for
only $81,527 out of a total loss of $287,344 in gross for the
month.
But it was not till April last year that passenger
earnings mounted to large dimensions. For instance, the
loss of $81,527 in March is on passenger earnings of only
$299,970 the previous year. In April, however, we will
have to compare with $584,000, in May wdth $4 67,000,
and in June with $409,000.
This is important chiefly as
confirming what we have said several times before, namely,
that in consequence of the heavy earnings in these months,
in 1884 a decrease now must inevitably follow.
It will be interesting to see how far the net for January,
February and March, as given above, go towards meeting
the fixed charges for those months.
It was not supposed,,
of course, that the charges would be fully earned.
On thecontrary, as we have before said, a deficit was looked for,,
though the decrease in earnings may now have made it
larger than originally calculated. On that point we haveprepared the following statement of the charges that have
accrued in the three months, and give at the same time
the figures previously published by us for the six months
preceding, so as to have the nine months complete of the
company’s current fiscal year. It should be said that the
three months’ statement has not been made up at the com¬
pany’s office, but rather by ourselves, the data for compil¬
ing it, however, having come from authentic documents,
of passenger
and therefore
being correct.
.
0 mos. end. Pec.
31. 3
mos.
,
CO
end.
Total 9 months.
Xorthern Pac. Itll
r
Gross
earnings....
Opernt’g expenses.
Net
earnings...
Fixed charges
1884.
1883.
1885.
1884.
1884 5.
1883-4.
*
8
8
*
5
$
0,627,719 0,017,990
3,268,150 3,690,714
3,359,561* 2,921,270
2,66 ‘,283
-
1,815,158 2,113,144
1.297,003 1,307,837
518,155
1,290,028
745,30?
8,442,877 8,731,134
4,505,153 5,004,551
3,877,724 3,006,583.
3,956,311
Remainder
df.78,587
ilf.777,8731
699,280
dividend, we do not know. But even if it has, it might
Hence vre see that while in the six months ended De¬
yet be policy for the Northern Pacific and Union Pacific
to assume the charge for the difference, for the sake of cember 31 there was a
surplus of $699,286 above charges,
in
the
three
months
ended
March 31 there was a deficit of
securing definite control of an outlet to the Pacific. One
thing, however, strikes us as needing explanation—namely^ $777,873 below the charges, so that on the nine months’
why the Northern Pacific should go to the expense of operation the company is $78,587 below its fixed require¬
building the Cascade division if the Navigation Company ments for that period. Too great significance, however,
is to offer it a permanent line.
Still that is not a point should not be attached to this deficit. The three months
we need discuss at
present.
yet to come, to complete the year, are the best in the whole
twelve
Referring more particularly to the current income of
usually, and therefore when the returns for the full
the Northern Pacific, we have figures now down to the year are made up, this deficit is certain to be turned into a
beginning of April. It will be remembered that in Feb¬ surplus. Mr. Oakes, the Vice President, stated a short
ruary last we presented an exhibit of the road's accounts time ago that he should be very much ..surprised if the
for the six months ended December 31.
This showed that surplus for the year fell below $300,000—and that, he
in these six months the property had earned nearly $700,000
thought, was putting it very moderately. Some means of
above all charges of every description for the period. We testing this estimate are offered by the results in the re¬
stated at the time that the current six months could not maining three months last year.
It will be seen by the
be expected to make an equally favorable showing, and table first above that the net then was $2,014,468. With net
this is borne out by the following exhibit of gross and the same this year, and charges the same as in the three
net earnings, in comparison with those of a
months ended March 31, 1885—$1,296.028—there would
year ago.
su r
CHRONICLE.
THE
1885.]
May 2,
surplus of $718,440. Taking from this the deficit of
$78,587 for the nine months covered above, there would
on that basis be a surplus for the twelve months of about
“
property for disposition at the end of the litigation, for
“
the benefit of all.”
foe a
But net in the current three months is not
$640,000.
likely to be as heavy as a year ago. . Mr. Oakes estimated
that in April there would be a falling off of $130,000, and
that in May and June the company would do as well as in
1884.
Mr. Oakes had, however, underestimated the fall¬
ing off
for March, so we will assume that the loss for the
three
months will be double the amount he puts it,
or
$300,000. Even on that basis, though, there would remain
a surplus above fixed charges of $340,000.
523
Starting, then, with that idea, we
may understand better what is meant when the Court
after
saying that the Wabash consists of many
separate railroad properties and sub-divisions, remarks
that “ in administering such a consolidated property,
the Court must look at not merely the interest of
the mortgagee in this general mortgage, or of the
mortgagor as a single entity or corporation, but
also the separate and sometimes conflicting interests of
‘•the various subdivisions and their respective incumbrances, but back of all the duty which every railroad
corporation owes to the public.” This latter may not be
an absolute
duty enforcible under all circumstances, but is
still to be regarded, nevertheless. Nor is that duty limited
to the operation merely of a profitable section, “ but it
extends to the road as an entirety and to all its branches,
all its parts.”
From
such
premises the logic of the Judge’s
•conclusion is apparent when he says, the Court hav¬
ing taken possession of this complex property as a
going concern,” should, as far as is reasonable and prac¬
ticable, continue it as a going concern—in other words,
should labor to preserve its integrity. And yet the Court
will not, theoretically, allow one part to profit at the
That is, no interest or rentals will
expense of the other.
be paid where they are not earned.
The holders of such
obligations may as a consequence be compelled to enforce
their lien against the property, but the Court will interpose
no obstacle.
The result may be a disruption of the system,
“
“
“
“
“
“
A
JUDICIAL VIEW OF RAILROAD RECEIVER¬
SHIPS.
With
the increasing financial embarrassments among
railroads, and the
sary,
recourse
of the
the views
to the courts
they make
neces¬
and responsibility of
powers
and receivers as expressed by our judicial officers,
become a matter of deep interest.
In its legal aspect, no
less than in its administrative aspect, this railroad prob¬
courts
lem is one that
presents very many difficulties, the ques¬
tions raised
being largely new, as railroads are really a
growth of recent years. Hence the determination in each
case depends to a great extent upon the presiding judge—
lie interprets the law, and establishes the equities.
It is
not therefore surprising that one judge should differ, or
seem to differ, in material particulars from the practice
adopted by another. Under the circumstances, that is
unavoidable.
Yet slowly but surely tho legal principles
controlling this new industrial organization are being
crystallized, so that not long hence we may hope that the
lights and standing and powers of the separate interests
concerned will have become clearly defined.
These reflections
decision of
occur
to
us
in
connection with
the
Judge Brewer, in the United States District
Court in St.
“
“
“
but it will not be the work of the Court.
“
not
“
but the
“ The Court is
sloughing off branches, tearing the system in two,
disruption, if it comes, will come from those
who seek separation and have a legal right so to do.”
Entertaining these views, the court seeks to give them
practical effect. And in doing so it is ordered (1) that all
divisional accounts be kept separate and distinct as here¬
tofore; (2) where any division earns a surplus over
expenses, the rental or subdivisional interest will be paid
to the extent of the surplus, and only to that extent.
Further, any past diversion of such surplus for general
operating expenses is to be made good at once, if need be
by the issue of receivers’ certificates. (3) Where a sub¬
division earns no surplus, but simply pays operating
expenses, no rent or interest on the same is to be paid.
The lessor or mortgagee, if he desires possession or fore¬
closure, may proceed to assert his rights, and the court
will not interfere, as said above.
(4) Where a subdivision
fails to earn even operating expenses, that division is still
to be kept in operation, but the extent of operations is to
be reduced “with an unsparing but a discriminating hand.”
“
Louis, in the case of the Wabash receiver¬
ship, which has attracted wide attention. It is without
doubt a very important decision, and merits close consid¬
It probably covers more points than have been
eration.
embraced before in a judicial opinion of this kind.
It
will most assuredly have no little influence, but just what
will be its effect upon the interests involved in this case we
cannot undertake at this early day to indicate. There is an
evident intention to deal fairly by all interests, and to pre¬
serve unimpaired the relative priorities and
equities of each.
The full report of the decision conveys a somewhat dif¬
ferent idea from- that given in the earlier telegraphic
abstracts, but nevertheless it is not everywhere regarded
with equal satisfaction.
Some holders - of senior mort¬
gages of the better class on the property are not sure that
their position under it is as strong as it might be made. To the receivers will be left full discretion in the matter.
But there is no unanimity of opinion even among these, They must determine in what way to bring about a mini¬
some maintaining that their interests are protected to the mum of deficiency. If any of the interested parties feel dis¬
fullest
extent.
In order
to ‘understand
Judge Brewer’s remarks and
directions, it is necessary, to comprehend his theory of a
Court’s duty where a railroad property, in the course of
legal process, has been placed under its charge. That is
perhaps to be gathered from his idea of a receivership,
expressed in response to the application to have a re¬
appointment so that the trustees of the general mortgage
should be represented. In denying that application he
said: “ As we look upon it, the receivers are not receivers
i
for either party.
In the process of the litigation the
<l
Court has taken possession of the property, and holds it,
<(
neither for the mortgagor nor the mortgagee.
They act
u
for neither
party. They represent neither party. They
*
stand here simply as the hand of the Court, holding the
satisfied with the action of the receivers in such
a
case, or
any controversy arises, the court will hear argument.
There is apparently so much of the spirit of fairness
and
justice running through this decision, that criticism, if
any, upon it, is to be made only upon broad and general
grounds.
As an exposition of the relations existing
between courts and embarrassed corporations under their
control, very little fault is to be found with the opinion.
It recognizes the equities existing, and seeks in no manner
to impair or prejudice them.
Regarding it as part of
its duty to keep the system together as far as possible,
just as received by it, the Court will not, nevertheless,
let that idea interfere with bondholders asserting and
obtaining their just demands, as set out in the mortgage,
or
other contract
they
may
hold.
Moreover, the rijffT&f
[Vol. XL.
THE CHRONICLE,
524
receivers’ were directed to present their claims against the
the receivers is drawn in no narrow
road for the proportion of the receivers’ certificates issued
or restricted sense, and the position of each interest, and
On the other hand, in the
under order of the court.
its relation to other interests, is seemingly never lost sight
Toledo Peoria & Western case, where there was a surplus
For instance, a rental is to be paid in full only when
of.
above operating expenses which had been diverted to
earned in full, in part when earned in part, and not at all
other uses, the receivers were directed to restore that sur.
if not earned.
This strikes one as being at once
fair and wise, and from an equitable standpoint the only plus (issuing certificates if necessary) and deliver it to the
lessor company in part' payment of the rental due it.
disposition that could be made of the matter. For that
That might be construed as supporting the claim that in
reason, the decision commends itself to the favorable con¬
the final adjudication the branches that have earned more
sideration of not a few persons interested in defaulted
than operating expenses, but have not received their entire
properties generally.
On the other hand, it is not possible to overlook the rental, will not be made to share in the burden of receiv¬
ers’ certificates, although it is not at all conclusive to that
fact that in its operation the rule may not work as smoothly
action laid down for
expected. The difficulty arises out end.
But this objection to the rulings of the court may very
of the continued operation of unprofitable branches, the
further issue of receivers’ certificates for that purpose^ easily be exaggerated. The actual experience may be very
different from that here supposed.
The court no doubt
and the uncertainty as to the status of these certificates. Are
relies on foreclosure and sale of the property to provide
these to be a first mortgage, preceding existing liens, on all
means for redeeming the certificates.
This is borne out by
the lines of the company, even those earning their charges
the remark that “ if the road goes to a single sale as an
in full ?
If so, have not the holders of prior liens reason
for complaint ?
Of course, those divisions which do not entirety, the purchaser has got to take the burden of
these receivers’ certificates, and before the court passes
pay even expenses and which the court keeps in operation
“the road out of its hands the certificates will be
as
a public duty, are not likely in
any event, under the
paid.” That may be the ultimate disposition of the
decision, to break away from the company. They can
matter, and in that event the holders of prior liens would
only be operated at a loss, and this loss being made good by
not be harmed, since of course the purchasers would take
the issue of receivers’ certificates, the holders of securities on
the property subject to all such liens, and the receivers’ certi¬
the same are not at all interested in taking the property
ficates would first have to be paid, in cash.
But there is
and meeting the loss themselves out of their own pockets.
Those divisions that receive their interest or rental only in danger, and real danger, namely from delay in reaching
such a conclusion of the trouble.
It is not difficult to
part, will undoubtedly pass into the hands of the holders
conceive that with the continued operation of unprofitable
of the liens against them, who will hope to do better
than the company is doing for them.
Those sections on roads by the receivers, the certificates might grow to
which interest is being paid in full the company will of unusual dimensions, and the security of all prior liens be
course retain possession of.
Hence, if we may imagine thereby hazarded. That is precisely what happened in a
the decision carried out to its logical conclusion, ultimately celebrated case in Vermont, if we are not mistaken.
the Wabash system will consist of the best and worst
FINANCIAL REVIEW OF APRIL.
pieces at present in it. Now the receivers’ certificates, if
There were few events of interest during April, and the
only a first lien on the unprofitable lines, would have no
value and therefore be unsalable.
On the other hand, if markets were mainly influenced by the varying prospects
of war between England and Russia.
The war rumors at
they are a first lien on the lucrative sections as well, are not
first gave an impetus to the grain markets and thus to
the holders of mortgages on the same in danger of having
their security gradually undermined? Is it not a fear of this stocks, but afterward the uncertainty > rather kept the
stock market in suspense and acted as a damper on
kind that prompted the counsel for the North Missouri
bondholders to take exception to. the ruling of the court, activity.
The money market was very easy, and on call loans the
and to suggest that he thought his clients would much
rate was often as low as % of 1 per cent on government
prefer that interest on their bonds were not paid, so that
collateral and 1@1£ on stock collateral.
they could take possession of the property by legal pro¬
At the Stock Exchange there was no general activity
cess.
It should be remembered that these have practically
and during the last part of the month business was duller
no remedy.
No default has taken place, and ther efore
than for any April in years past.
The war rumors gave a
nothing can be done towards foreclosing the mortg age.
Yet the issue of receivers’ certificates goes on and the temporary life to speculative transactions, but this soon
gave way to renewed stagnation.
Among the events of
claim is that they precede everything else.
the month were the settlement of the Missouri Pacific suits,
Of course, much will depend upon the final order of the
which had been a cloud on the title of the property ; the
court defining the position of these receivers’ certificates
Judge Brewer said that there would be at present no payment of the Government claims by the Union Pacific ;
the sale of Ohio Central in foreclosure ; the agreement on
modification of the original order, but that all equities
the last day of April between the opposing factions of
respecting the certificates as between the various sub¬
divisions would be adjusted in the final decree.
He Philadelphia & Reading creditors and stockholders ; the
admitted that there might be a great many equities in negotiations for a lease of the Oregon Navigation
or as
satisfactorily
as
“
“
e
“
»
.
regard to the exact burden which each division should Company’s lines to the Union Pacific and Northern
Pacific.
bear, but to us it would seem an exceedingly difficult mat¬
Foreign exchange was strong, and advanced fully one
ter to apportion the burden.
And assuming that it were
cent in the month, owing to the small exports of cotton,
properly apportioned, would not the burden fall exclusive¬
and possibly influenced somewhat by the war prospects.
ly on the non-paying lines, and how could these bear it.
The following summary shows the condition of the New
intimation of the
York City Clearing-House banks, rate of foreign exchange*
court’s view of the status of the certificates, it would
and prices of leading securities and articles of mer¬
appear to sustain the idea that they are a first lien on the
entire property, and in the case of the Cairo Division, chandise, on or about the 1st day of May 1883, 18 81
and 1885.
w*Jch has been turned over to the bondholders, the
As
far
as
the decision conveys any
May 2,
525
CHRONICLE.
THE
1885.]
-April.-
March.-
York City Banks—
Loans
and discounts
73.375.800
$
895,200
$
Honey, Exchange, Silver—
Call loans
Prime paper, sixty days
Silver in London, per oz
Prime sterling bills, 60 days.,
United States Bonds—
3®7
5 'ct 6
130
136
113%
134
113%
119%
123%
118%
145%
135%
103%
126%
76%
127
April.
79%
36%
x
112%
..8,..
121%
121% 101%
121%
101%
..8...
reg.
ioi%
122%
112% 122%
122%
122%
112% 122%
121 %
Low
Clos
39%
Canada Southern ....
Cedar Falls & Minn.
32
10
67%
62
11%
38
34%
*5%
*41
*6
'
pref
Quincy.
Chic. Mil. & St. Paul.
Do
pref.
Chic. & North vrest...
Do
pref.
Chic. & Rock Island..
Chic. St. L. & Pittsb.
Do
pref.
Chic. St.P. Minn.&O.
pref.
Clev. Col. Cin. & Ind.
Clev. & Pittsb., guar
Col. <fc Green v., pref
Col. Ch. & Ind. Cent
Del.Lack. <& West’m.
Denver & R. Grande
Dubuque & Sioux C..
East Tenn. Ya. &
Do
Ga.
pref.
Green B.Win.& St. P.
Harlem
Houst. <fc Tex. Cent..
Illinois Central
Do L’sed Line 4 p.o
Indiana Bl. &W
Lake Erie & West....
Lake Shove
Long Island
Louisiana & Mo. Riv.
Louisville & Nashv..
Louisv. N. A. & Chic.
Manhattan, consol...
Manhattan Beach Co.
•
Prices bid.
April.
.
High. Apr. 30.
36%
40
30
32%
9%
11 %
10
31
29%
5%
9%
5%
132%
152
120%
68%
105%
92 %
§72
'90
§69%
70
'88%
90%
88
Central Iowa
Central of N. Jersey.
Central Pacific
Ches * Ohio
Do
1 st pref.
2d pref.
Do
Chicago <fe Alton
Do
March.—
128
Albany & Susqueh
Atchison Top.& 8. Fe
Bost.& N.Y.Air L. pf
Burl. Ced. Rap. & No.
Canadian Pacific....
Do
Chic. Burl.
APRIL.
Low.
Feb. 28. Low. High. Jfar.31.
Railroads.
New Central
Ontario
37
30
62
62
35%
37%
29
30
10%
9%
32%
29%
*5%
*9%
*6%
7
135
152
31%
30%
*121%
20
102%
8%
62%
3%
6%
*2%
3
14
§125%
124%
13%
15%
61%
69%
12%
32%
21%
77%
85
14
59%
69%
22%
30%
22
§77
14%
f Prices asked.
1%
18%
%
14%
10
14%
12
16
16
12
14
12%
13%
13%
14%
14
38%
36%
33
31
5%
*4%
9%
7%
4%
6%
138
124%
119%
39%
126
128
122
1%
49
22%
26%
23
*2%
18
4
18
22
23%
22
*48
54
18
4
11
12%
10
11%
5433
2%
14%
56
*4%
137%
121%
56
Car.§*112%
April.
1....
2
4 35%
4 85^
4 88
4 88
3.... ....Holi day....
4 88
4.... 4 85%
8.
5....
4 88
6.... 4 85%
4 88
7.... 4 85%
4 38
8.... 4 85%
4 38
9.... 4 85%
4 88
10.... A 85%
4 88
11.... 4 85%
12...
THE
NEW
33%
81
80
90%
30
87%
10%
49%
11
49%
2
7
4
2
7
118
11%
118
56%
57
53
*2
......
......
55
111
52%
110%
*10%
10%
11
*10%
10%
10%
8
8
18
18
59
59%
94%
137
94
10%
4%
4%
1%
83
75%
45
94%
79%
27
66
30
71
68
45
80
79%
46
44%
82%
77%
135
26%
51%
113
62%
115
61%
48 34
113%
m
m
m\m
92%
86%
92
82
135
29%
77
135
56%
•
m
27
76%
56%
117
§ Ex dividend.
RATE8) FOB APRIL,
1885.
April.
days.
De¬
mand*
4 87
4 89
88%
88%
25....
26....
27....
28....
60
De¬
April.
days.
mand.
13....
14
15....
16....
17....
18....
4
4
4
4
4
4
83%
60
86
86
86
86
86%
4
4
4
4
4 88%
29....
86%
4 88%
30....
88%
8.
87
87
87
87
4 89
4 89
4 89
4 89
4 87
4 80%
4 89
4 88
4
4
4
4
8.
19....
22....
23....
19%
30
138
13
20
20....
21....
19%
133%
91%
52%
109
10%
46%
112%
21%
3%
*133
*91
53%
53%
109%
110
134
92
EXCHANGE (POSTED
De¬
mand.
days.
*53
*2
49
20
16%
9%
41%
*11
49%
23%
3%
§56%
1 Prices asked.
Prices bid.
BANKERS’ STERLING
143
143
2%
84
9%
16
129%
48
21%
11
4%
20
N. Y. & Texas
14%
13%
16%
129
31
1%
84%
§78%
20%
15%
55%
4%
VARIOUS.
11
21
15
10%
8%
13%
125%
86%
42%
2%
14%
60%
132
91
50
109
...
%
*11%
%
79%
80
5
§55%
12%
17%
40
.
19% 20%
32%
37%
80% ' 84%
80
80%
87%
90%
10%
13%
41
48%
18
*1
*18
14%
121
140
142%
2%
2%
*53
16%
38%
%
11%
9%
16
13%
18%
123
120
140
12
4
4
4
4
24.,..
YORK
86%
86%
87
87
4 87
4 88%
4 83%
4 89
4 89
4 89
Range
High
Low.
—
COTTON EXCHANGE.
h ave become so necessary a part of
our business machinery, that their multiplication and con¬
106% §103% §108% §106%
5% stantly-recurring evidences of growth and influence cause
7%
5%
778
60
no surprise.
This week the Chicago Board of Trade has
3
5%
entered its splendid new building, unequaled anywhere it is
*2% claimed ; and certainly, if its appointments approach the
3
4%
*3
200
198
*15
descriptions, it must be a very complete as well as beautiful
17
*12
14%
124% 124% 127
structure. It is only a short time, about twelve months, since
20
20
Mercantile Exchanges
*%
1%
99%
7%
63%
3%
6%
193%
*15%
20
17%
Canton Co
*35%
*29%
10%
125%
121 %
69% §6*% §73% §7u%
75%
72%
108
107% § i03% iOS * § L04
105%
95%
94
98%
93%
96%
94%
129% 133%
131 % §127% 132% §130
115%
112
112% 116% 113
112
*7
8
8%
6%
9
6%
8%
*16
18
*15
15%
19
17
17%
20%
25%
18%
26% *24%
23%
25%
74
86
73%
85%
88%
84
86%
25
23
33%
35
33%
36
140% 140
140
139
138
16%
39%
%
14%
19
44
Standard Min
*
3
7
134
135
5%
24%
Quicksilver Min
60
13%
41%
35%
6%
11%
5%
Coal
Pullman Palace
89%
*8%
22
*4
*113*
Land
Oregon Irnprov. Co
Oreg’n R’y & Nav.Co
Pacino Mail
140
89%
13
21%
18%
40%
3
6%
89%
13%
47%
Consolidated Gas Co.
Del. <fe Hud. Canal...
*1%
*4
* 135
19
2%
*20
*37
*83
Coal and Mining.
Colorado Coal & Iron
Consolidation Coal..
Homestake Mining..
89%
2%
5%
16%
182%
11%
Wells, Fargo & Co.... *107
135
135
135
135
following table will show the lowest, highest and
closing prices of railway and miscellaneous stocks at the
New York Stock Exchange during the months of
March and April, 1885.
—
2
4
4%
135
88
2
17
ISO
8%
*24
59%
88%
124%
*36
23%
*§133
92
*§50
United States
The
STOCKS IN MARCH AND
40
91
21
3%
Maryland Coal
RANGE OF
124%
38
24
Express.
Adams
American
122
High
119%
95
29
22
Tel. & Cable..
Bankers’ & Merch’ts
Mutual Union
Western Union
135
x 101
112% 122% 102%
112% 121% 101
102%
112% 122
3
18%
ii%
1%
50%
Amer.
112% x21%
8
19
95%
12%
17
Virginia Midland
Wab. St. L. & Pacific.
Do
pref.
*10%
14
13%
f13 %
......
33%
12%
12
24
..
Rensselaer & Bar
Rich.A Al. st’k, tr. ct.
Richmond & Danville
Richmond& West Pt.
Rochester & Pittsb..
Rome Water. & Ogd..
St. L. Alton & T. H ..
8t. L. & S. Francisco.
Do
' pref.
Do
1st pref.
8t. P. & Duluth, pref
St. Paul Minn. & Man
Texas & Pacific
Union Pacific
33
88%
American Diet. Tel
112% 122%
Open
17
*36
52
27%
88%
9
Telegraph.
8..
..
42%
94%
4%
40
59
25
17%
90%
17%
*8
*118
37
51
11
Warren
122% 102%
101%
121% 101%
121%
121%
reg.
..8...
112% 122
20
21
22
23
24
25
26
27
28
29
30
.Holi day..
APRIL, 1885.
coup. coup.
19
....
1 03%3> 1 04
58 @53%
13 00
3s,
6s,
4 s,
4%s,
opt’n Our.
1891, 1907, if. S. 1899
April.
101
27 00
18 50
68,
4 8,
4 %s,
opVn Cur.,
1891. 1907, U. S. 1899,
coup.
coup.
reg.
reg.
x21%
118%
1 09%
6i%®62%
18
Oregon & Trans-Con.
Peo. Decat. & E’ville.
Phila. & Reading
Pittsb. Ft.W.&C.guar.
Do
ppecial.
95%
70%
106%
GOVERNMENT SECURITIES IN
3s,
Oregon Short Line
126
33 00
t8
Ohio & Mississippi...
Ohio Southern
§90%
High. Apr.30.
87%
3
Ohio Central
10Hlft
11%
10%
32®34
333*40
37347
22 00 323 00 20 50@2l 50 18 003*18 50
ft.
179%
11%
42%
1%
52%
113%
•
15%
*15%
pref.
59
.
*86%
13%
24%
Do
18%
91%
4
8%
Y. <fe New Engl’d.
Y.N.H.&Hartf’rd
Y. Ontario & W...
Y. Susq. & West..
Do
pref...
28
*11%
25%
9
122
1%
Norfolk & West.,pref
Northern Pacific
11%
112%
82%
Wool, American XX
$ ft.
Iron, Amer. pig, No. l..$ ton.
38 00
Steel rails at mills
Wheat. No. 2 red win.$ bush 1 22%3*1 25
68'S>69
Com, West. mix.No. 2. $ bush.
Pork, mess
$ bbl. 19 90@20 00
CLOSING PRICES OF
N.
N.
N.
N.
9
118
40
87
*41%
93%
New
N.Y. Lack. & West ..
N. Y. Lake Erie & W.
Do‘
pref.
89%
62
94%
126
§89%
8
122
pref.
York Elevated.
112%
121%
113%
18%
96%
90%
Do
4 86%
102%
12%
17%
11%
25%
17%
N.Y.Chlc. & St.Louis.
50d.
100%
111%
Chicago Rock Island & Pacific
Illinois Central
Chicago.& Northwestern, com.
Chicago Milw. & St. Paul, com.
Delaware Lack. & Western ...
Central of New Jersey
Uplands
3%®4%
103%
125%
37%
Michigan Central
Cotton, Middl’g
4@4%
4 88
4 84
Railroad Stocks—
New York Central & Hud. Riv.
Erie (N. Y. L. E. & W.)
Lake Shore & Mich. Southern.
1 3*1%
50l3lb<L
50% g(l.
U. S
3s, registered, option
6s, currency, 1898
4%s, 1891, coupon
4s of 1907, coupon
2®3
44
63
34
12
28
..
28,125,500 32,388,200
89,204,175
83,921.000
86.340.800 142,346,600
2,419,800 53,142,425
19,639,000
72.480,600
$
Do
pref.
Mo. Kans. & Texas
Missouri Paciflo
Mobile & Ohio
Morris & Essex
Nashv. Chatt. <fc St. L.
N. Y. Cent. & Hud. R.
37
57
35
55
34
......
Minneapolis & St. L..
312,895,000 343,355,500 298.343.700
58,215,300 109,958,400
53.736.800
16,342,400 14.493.800 10,910,800
289,922,400 335,684,000 356.816.700
Specie
Circulation
Net deposits
Legal tenders
Legal reserve
Reserve held
Surplus reserve
Merchandise-
Memphis <fc Cha’ston.
Michigan Central....
Mil. L. Sh.& W.,pref.
High. Jfar.3l. Low.
Low.
Feb. 28.
Railroads.
1885.
1884.
1883.
jf$u>
1885.
1, 1883, 1884 AND
on or about may
STATISTICAL summary
3%
2C0
16%
127
86%
13%
16%
65%
73%
.
73%
85%
10%
4%
58%
71
31%
30%
25
23
*86
*11%
60%
85%
12%
13%
60%
73
57%
72%
32%
31%
26%
90%
15%
90%
26
32%
26%
78%
15%
§77%
77%
14%
§ Ex-dividend.
•
*10
5
dedicated their new edifice;
and now on Thursday of this week our Cotton Exchange took
the New
York Produce Exchange
appropriate ceremonies, of the building it has
in erecting and finishing.
These incidents furnish evidence of the marvelous vitality
all such business organizations appear to possess. The truth
possession, with
been
a
year or more
is, they are a
legitimate development
of the new trade
yX,.
■.fi-'
526
THE
methods the
CHRONICLE
[VOL. XL,
cables have introduced.
When ten days only sectional Exchanges devoted to wool, and hides and
occupied in getting news from Europe, it was leather, &c., but these are almost wholly places of meeting
impossible to trade on facts existing at the moment; so the simply, speculation being carried on to a very limited extent.
modes of business were slow and in keeping with such
hindrances. W'ith the cables in working order, news of events
plaixetargg®0mmerctal guglisix gms
transpiring became instantaneous the world over, and lienee
RATES OF EXCHANGE AT LONDON AND ON LONDON
the methods of trade quickened, while margins for profits
AT LATEST DATES.
were greatly reduced.
Out of these facts the speculation in
futures had its origin, exchanges became a necessity, and
EXCHANGE AT LONDON-Apr. 17.
EXCHANGE ON LONDON.
from that day their growth has been constant, until now we
Latest !
Oil—
Time.
Rate.
see some of the finest buildings in all
Rate.
Date,
our leading cities devoted
j Ttme'
to trade organizations.
Amsterdam. Sight. 12 4*4 ©12-43*
1212
Apr. 17h Short.
The Ne w York Cotton Exchange was not organized until the Amsterdam. 3 mos. 12 2*4 ©12 3*4 Apr. 17;
20 7o
ft. 20-74
20*30
Hamburg..
j Apr. 17 j 3 mos.
summer of 1870; in April of the following year a charter was
Berlin
20 71
©20 75 ! Apr. 17‘
20-30*3
Frankfort...
20-70
a) 20-75
20-50
| Apr. 17i Short.
obtained from the Legislature.
Previous to that date all news Vienna
“
12*60
12*72C©1‘2-77V Apr. 17!
was gathered in a private way; and when in 18G5 the Chron¬
Trieste
“
12-72*3® 12-77*2! Apr. 17!
—1
25*61 *4 'w 25*66*4 Apr. 1
25*40
Antwerp.
icle began to organize a system far obtaining cotton facts
St. Petersb’g
22*2 ©22
i Apr. 171 3 mos.
25*36 *2 325*61*4 Apr. 17: Checks
25*37*3
and publishing them in a weekly report, though the result Paris
Paris
Short. 25-37*i@25-42*g Apr. 171
was for a time very imperfect, yet that report indicated
3 mos.
26
©26*5
what Genoa
Apr. 17! 3 mos
Madrid
“
40-60
45*gvz> 4-5 04
Apr. 171
was wanted and led to the results we now give every week.
Cadiz
45 *o<£>4534
Apr. 17
Lisbon
In 18G5 not even Southern figures were obtained by tele¬
“
Apr. 17!
Alexandria
“
Apr. 17
now
i
graph;
we bring down the figures of every cotton market Constant’ple
11012
Apr. 17;
“
dem’nd
Is. 71 ud.
Ls. 76.
Apr. 17 tel. tsfs
Bombay
in the world of any importance to the very day of publication.
Calcutta
Is. 74. d.
Is. 7Cod.
“
Apr. 17.
Of course such a change in the mode of gathering facts, New York... 60 days
4*65 **4
[Apr. 17 60days
Hone Kong.
1~! 4 mos.
3s. 6 Sid.
{Apr.
means a change in business methods.
What that change has Shanghai....
4s. lOCd.
“
j Apr. 17!
been is be3t indicated by the following table, showing the sales
1 From our own correspondent. i
for future delivery at the New York Cotton Exchange monthly
London, April 18, 1835.
since its organization.
The political position is de udedly less strained.
Hopes vary
FUTURE DELIVERY SALES AT TIIE NEW YORK COTTON EXCHANGE.
from day to day, in fact almost from hour to hour. To-day
3870. |
Jiahn.
1871.
1872.
j 1873. 1S7 4. 1875. 1876. 1877. the disposition seems to be to expect a pacific solution of the
difficulty. To-morrow the reverse may be the case or possibly
Jan
50,107| 219,375 450,800; 413,050 642, 150 651,700 503,500
877,200
Feb...
60,608 241,450 480,900! 3 41,630 469 450 537.700 568,600 1,324,800
the peaceful prospect may become yet clearer. Naturally the
Mar..
98,3421 447,701 479,550, 739,830 517 750 ,58*,700 701,650 1,948,200 Government are
very reticent in giving information respecting
471 700
Apr.
39,722
153,690
369,300, 380,500
891,850 677,900 1,303,100
the
608
050
progress
of
the
negotiations, and a good deal is therefore left
350,183
417,630
373,550
May..
998,240
723,400
908,500
70,175;
June.
67,233 331,430 453,80.)
9^6,600
404,000 655 900 809,500
523,800
to the imagination.
Consequently we are occasionally treated
51,401' 273,000 492,100 326,400 431 400 699,850 895,91)6
July..
610,600
to some rather highly-spiced rumors.
It seems, however, that
556 400
Au?..
43,883 327,600 325,450 313,150
468.750
537,700
889,900
the chances of Russia scoring a diplomatic triumph are greater
89.883
Sept..
330,750 497,300; 366,950 520 850 596.201
410,500
941,100
Oct
200,585 450,350 433,900 434,550 748 400 883,700 441,100 1,161,500
than our own, and this is a source of undoubted irritation.
Nov..
189,025' 343,314
508,100 551,500 506 500 500,700 696,300 1,090,300
The effect upon trade generally is very disastrous. Wheat has
Dec...
237,125 370,050 408,700 458,100 937 250 447,200
475,31)0 1,389,200
sharply risen in value and there is more life in the shipping
Tot’l. 1,209,149 3 .858,912 5,317,53 ) 5 ,103,250 7,125 Soft 7,799,250 0.362,750 13,548,200
trade. Freights are hardening, and the tonnage afloat has been
Biles. 1
1878.
1881.
1834.
1882.
1833.
1 is 79. | 1880.
;
somewhat diminished by the action of the Government in
Jan...
1,356,400 1,589,100 3,13 ,600j 2, 576,800 : ,271,000’ 2,090,000 1,958,200
withdrawing some of the finest specimens of the mercantile
Feb
1.235,103 1,119,100
4,375,400!
or
more
ocean
were
....
•
«
.
“
“
<<
it
It
..
1
t
it
1
it
it
*
*<
it
ti
it
.
it
....
•
i
...
..
.
..
i
...
Mitrch..
1,030,500
April....!
1,113.409 3.835,000
May....
June....! 1,017.330' 2,453,300s
July....
|
740,100'
Nov
Dec
2,123,200
1,955,000
1,552,600
1,717,200
1,547,300 1,348,700
2,212,400
2,233,000
2,870,900
1,412,000
1.708,400
2.202,400
1,618,500. 1,092,600
1,218.300
2,220,300
2,fl63,100‘
2,390,500
2.614,100; 1,759,300
3,035,400
1,761,600
! 2,015.400; 3,647,700 2.101,000 3,008.103 3,210,300 2.700,000 2,175,600
! 1,388,330; 3,813,800 3,443,700 2,995,400 2,518,600 1,639,000' 2,084,000
j 2,093,100 4,106,000 3,178.500; 3,043,000 U852.700 2.152,700; 2.891,800
Total.... T3,029,800
The
2,SOS,500
1,954.300 1,247,800 1,755,9ikT 1,791,700 1,912,000 1,286,500
August.
031,900 2,767,400
1 1,197,200 2,172,300
Sept
Oct
3.030,30o|
1,648,900; 3,057,500 3,35.3,200 3,103 000 1,8*0,600 2,060,800
861,100 3,214,000; 4,485,000 1,482,600 1,037.600 2,024,100 3,024,500
32,5'21,500,31,64^,800
30.3M.600 30,128.500 25.729.000 24,300,800
above statement shows
clearly the progress this new
system has made: beginning in 1870 with sales of 1,209,140
bales, it reached its maximum in 1879, the total then being
32,521,500 bales. Since then it has decreased in volume but
not materially until the present depression in general business
began.
It is perhaps noteworthy that future delivery operations
have not as yet to any considerable extent found favor in
Gr^at Britain. Liverpool is falling into this trade gradually,
but in London there
to
seems
be very little business
of
a
corresponding description. In fact the benefit
of associations is only partially! recognized there.
While
with
us
the
merchants in almost
every article of
commerce have their Exchange and
daily meetings, in Lon¬
don there are not more than four of any prominence
where the merchants congregate in a similar manner. For
instance, there is (1) the Baltic, where operations in grain,
provisions, petroleum, tallow, &c., are carried on both in
spots and futures, the speculation being light; (2), Mincing
Lane, which covers transactions in sugar, tea, coffee, jute,
seeds, &c., and to a very small extent East India cotton:
(3), Mark Lane, the Corn Exchange, operations being we
believe mostly confined to English home supply and con¬
sumption, though foieign merchants also have stalls from
yrtiich they retail to the millers; .finally (4), the Royal
Exchange, situated opposite the Bank of England, where
merchants and financial agents meet from 2 to 3 P. M. for
buying and selling silver and exchange, and also for some com¬
mercial purposes. Aside from the above there are in London
marine from the commercial service.
Still there is a supera¬
bundance of tonnage lying idle, and if war be averted freights
will no doubt rapidly recede. Ship-building has been of late
proceeded with too freely, and if all the yards were to
a year or two it would jonly about bring mat¬
ter to a normal condition.
In other branches of industry
quietness has been very clearly .[defined. The uncertainty as
to the immediate future is a great drawback to business, and of
course prevents a return of confidence.
Tu the manufactur¬
ing districts the position is viewed with considerable distrust,
and the sooner the political horizon becomes clearer the better
it will be for all parties. A Birmingham report remarks that
business in all departments of the local iron trade continues
very dull and restricted.
The -orders placed at the quarterly
meetings last week were much below the average, and
large specifications for gexport were generally withheld
until
the
upshot of the Anglo-Russian negotiations
determines the issue of peace or war.
All buying for stock is
postponed and consumers are simply covering their current
requirements, which are kept within the narrowest limits.
This is a fair sample of the reports from the chief manufac¬
turing centres, and shows only too clearly how political affairs
are weighing upon trade.
While the prospect at the time of
writing is considered more peaceful warlike preparations are
not being for a moment relaxed, and it is pertinently asked
why should the Government continue taking up vessels if
war is not likely to take place ?
They have just engaged two
steamers of the British Indian Steamship Company and two
of the Union Steamship Company for cruising purposes, one
vessel being the Indian of 4,000 tons.
Another boat taken is
the Kackoura of the New Zealand line, and it is stated that
several more ships are being negotiated for.
The question of
peace or war cannot, however, remain undecided many days,
and anything will be better than the present indecision.
Money remains very easy. There is a good supply of capital
offering and but little demand. Political troubles alone pre¬
vent a reduction in the Bank of England rate.
This week's
return showed greater strength.
The reserve was increased by
years
remain idle for
527
CHRONICLE.
THE
1885.]
.£538,000, the total being now £16,098,000, while the stock of
bullion has increased to £25,572,000. The proportion of reserve
to liabilities is 47*97 per cent.
Owing to the difficulty experi¬
enced in finding suitable employment for balances, the dis¬
count establishments have reduced their rates of allowance and
are now giving 2 per cent for deposits at call and 2}£ per cent
if with notice. The joint-stock banks have made no change,
their allowance being still 2}.j per cent for money at seven
days' notice.
We have had some excitement in Stock Exchange circles, but
with a distinct change in tendency. ‘Whereas last week all home
and Continental issues were being poured on the market,
causing very serious depression, this week the reverse has been
the case, and the decline has been about recovered. The account
went off much more easily than was expected, and its distin¬
guishing characteristic may be aptly described as “ no slock
but plenty of money.” The heavy failure was reported in Paris
of M. Leon Alsassa. The liabilities were variously estimated
at from 12 to 17 millions of francs, and about £100,000 is due
to the London Stock Exchange.
It is, however, rumored that
his father-in-law, M. Abraham Camondo, will pay all differ¬
ences.
Meanwhile, however, as appears to be the rule novr
adays, the defaulter has absconded.
The following are the present prices for money.
The excitement in the grain trade has somewhat
abated
During the earlier part
distinctly
strong, and the advance of 4s. to os. per quarter was well
maintained, but a calmer feeling gradually asserted itself,
until at the finish quotations rather favored buyers, and had
with the
improved political prospect.
of the week the tone of the wheat market was
inclination to force sales, it could only have b;en
concession. The market for the moment is, of course,
there been
at some
an
entirely abandoned to political influences. During the imme¬
diate future the fluctuations in prices will be regulated by the
construction placed upon the reports of the Anglo-Russian
relations ; but should war be avoided, there can be no question
that of the recent advance the better part will he lost. That
is as regards the early future. It seems, however, that wheat
is likely to improve in value after a real level has been found.
The agricultural prospect here is certainly not unsatisfactory,
but the accounts to hand from America are not nearly so
bright as they might be.
An appreciable diminution
in the yield of winter wheat is clearly foreshadowed.
This will naturally cause holders to
be less anxious
to force their produce on the market.
Again the stocks of
foreign wheat in our eight principal ports show a considerable
reduction.
At the beginning of the month the total was
989.000 quarters, or less than one-half what it was on April 1,
1884, when the total was 2,064,000 quarters. On the 1st of
January of the current year the supply was 1,307,000 quarters.
Flour has at the same time fallen from 854,000 sacks at this
period last year to 706,000 sacks now. There is thus clear evi¬
Interest allowed
Open market rates.
dence that so far as foreign grain is concerned we are much
for deposits by
less freely supplied than we were a year ago. Meanwhile sales
Trade Bills.
Bank Bills.
'
Disc't ITse
Lon Ion
of home-grown wheat in the principal markets have been in
At 7 to 14
excess of what they were last season.
Only one construction
1 Three j Four i Six j Three ! Four 1 Six Stock Call.
Days.
can be placed upon these facts, and that is, with an average
Months; Months! Months Months' Months Months Banks.
demand prevailing we have smaller supplies to deal with; con¬
3 >4-3)4
3
S
Mar. 13 4
31*33^ 3- 3*f33^ 3&@3% 34®3%
24 24-2:4
20 34 2;-£@3
24
sequently
under the circumstances it is not too much to assume
]2'-S33 j'4H3 - 3J4no u 3J4nom 3433'A
24 24-2 H
that when values have been adjusted apart from political influ¬
2.4
27 34
—|3 <§> -(3 ® -3
3)4i8% 3?4@3)}.
24 2H
24
ences the tendency will be towards increased firmness.
®
2Ji 43 \2
Apr. 3 34
24 2>4 2H
24
10 81* 2-43 --— SJ4nom 3J4nom 314 no in
The following return shows the extent of the imports of
2
24-24
2\4
17 3
28* 3
i2.4®2%’2%® —314® — 3>i® — 3*4 acereal produce into the United Kingdom during the first
The following return shows the position of the Bank of thirty-two weeks of the season, the sales and average prices of
home-grown produce for the same period, and other items,
England, the Bank rate of discount, the price of consols,
compared with last season:
the price of middling upland cotton and wheat, and the Bankers’
IMPORTS.
1881-2.
1882-3.
1883-1.
1884-5.
Clearing House return, compared with the three previous years:
37,423.718
.cwt.
“
“
-
“
“
—
26,107,350
5.504,788
22,975,826
24.8S0.19 3
13.3S2.907
21.338.021
14,334,917
22,182,240
16,693,511
15,373,022
11,302,765
13.278,822
25,572,231
25,130,342
21,258,805
23.636,172
47-97
47%
37ia
434
......
Govemm’t securities.
Other securities
Ees’ve of notes & coin
Coin and bullion In
both departments..
Proport’n of reserve
to liabilities
Bank rate
14.402,185
Consols
Eng. wheat, av. price
Mid. Upland cotton..
97d.
33s. 31.
21.037,902
34
5i-Vd.
3 p.o.
102 iad.
42s. Id.
5d.
3 p. <\
101 %d
45s. lid
6 lad.
lOd.
9%d.
1034(1.
24 P- o.
102 iad.
P- c.
37s. 9d.
82,407,000 141,908,000 148,951,000
market rates at the
previous three weeks
The Bank rate of discount and open
chief Continental cities now and for the
follows:
as
29,237,253
33,003,167
Barley
10,527,969
6,679,620
1,177,919
2,139,998
14,410,213
10,104,444
10,983,157
7,361,231
39,857,361
11,307,439
9,018.921
1,092,970
1,313.476
1,591,695
16,615,293
1,591,273
11,068,446
19,901,705
Oats
Peas
Beaus
Indian oorn.
Flour
9,443,028
Supplies available for consumption (exclusive of
September 1) in thirty-two weeks:
sales of
8,909,433
5,453,248
1,059,525
1,022.697
12,954,840
5,311.210
stocks
OH
1883-4.
1882-3.
1881-2.
39,8 57,361
37,423,713
10.901,705
5.351,210
home-grown..29,065,609
33,093,467
9,413,028
28,201,345
27,914,609
21.2 56.500
63,407,297
70,650,810
78,706,669
67,031,428
Imports of wheat, owt.29,237,2 53
Imports of flour
10,104,444
Total
The extent of the sales of home-grown wheat, barley and
oats in the leading markets of England and Wale3 during the
first thirty-two weeks of the season, together with the aver¬
age prices realized, compared with
shown in the following statement:
March 20.
2.
April
April 9.
April 10.
the previous season, are
1882-83.
1883-81.
1881-S5.
of
Interest at
Bank
Open
Bank
Open
Bank
Open
Bank
Open
Rate.
Market
Rate.
Market
Rate.
Market
Rate.
Market
3
2H
5
34
5
5
2/4
3)4
34
3-?§
3
3
3
34
34
2H
3
2H
3
2H
whole
44
44
44
4
34
4
44
34
Wheat..
Paris
3
Berlin
4 \i
Frankfort
4
Hamburg
4
2H
4M
3
24
3
44
4
5
3*s
S:4
2H
2*4
44
34
5
m
44
4.4
3
5
Amsterdam
3
Brussels
3
Madrid
44
44
44
Vienna
4
4
4
St. Petersburg..
Copenhagen.,...
6
0
0
0
0
0
0
0
34
34
4
4
4
4
4
4
294
3
follows
on
the state of the
Gold.—The Rank has received since our last a total of £194,090. The
remainder of the arrivals have been taken both for the Continent and
for India.
The Tagus brought £47,009
from Brazil, the Koine
£38,000 from Australia, and the Trojan £29,009 from the Cape. The
P.
O. steamer takes £5 i.OuO to India.
Silver.—The silver, ex Holbein, was sold on Monday at 494(1., or an
advance of 4d., owing to the much higher rates received from India.
To-day, with small supplies, we quote 49 5-ldd., buyers. The amount
Holbein
was
The
£32,009.
Ancona
takes
Mexican Dollars have improved
which price the arrival by the
placed.
j Apr. Id.
Price of Gold,
i
Bar gold, fine..
Bar gold,
bullion
0/..'
s.
d.
17 .9
'
.o/..| 77 104
Span, doubloons.oz.!
8. Am,doubloons.07.
1
since our last quotation to 48kid., at
French steamer (£80,000) has been
are
Apr. 9. :
reported
as
follows:
Price of Silver.
Apr. 1G.
Apr. 9.
d.
d.
1
t.
77
d.
9
77
j
Bar silver, fine..oz.
1
Bar silver,contain-
104 !
ing 5 grs. t:old..oz.
contain’g.j
20 dwis. silver
Barley
Oats
A v'gc
Sales.
2,ricc
I Ar’sre
! Price
i s. d I
j
I#, d.
8; 1,966,316 39 2 1,612,187 41 4
d.
S.
3 1
2,020,360
12,912,691
i 236,722
Wheat, qrs
Sale 5
butts.
31
4:2,973.665.32
283,808119
19 10
5 1,^85,81533 10
1112.161.147(21
1
Converting quarters of wheat into cwts., the totals for the
kingdom are estimated as follows:
1884-5.
cwt.
1883-4.
29,065,000
28,201,315
1S32-3.
1881-2.
27,911,609
24,2^0,500
following shows the quantities of wheat, flour and Indian
passage to the United Kingdom:
At present.
Last week.
Last. year.
1883.
Wheat
1,Old,000
qrs. 2,882.000
2,830,000
2,186,000
Flour,equal in qrs 238,000
24 2,000
281.000
'3 14,000
Maize
qrs.
321,000
301,000
132,500
263,000
The
.......
j1
Cake
silver
oz.
Mexican dols...oz.
.
English Market Reports—Per Cable.
The daily closing quotations for securities, &c., at
and for breadstuffs and provisions at Liverpool, are
London,
reported
by cable as follows for the week ending May 1:
£125,000 to
Bombay.
The quotations for
A v'ge.
Price
Sales.
corn on
Messrs. Pixley & Abell report as
bullion market :
by the
Wheat...
1884-5.
5%d.
No. 40 mule twist
9i4d.
Clearing-House ret’n. 127,122,000
Rates
25,706.040
6.999,331
25.513,320
6,986.561
25,036,896
12,436.202
22,032.307
7-day & other bills. 24,623.770
Public deposits
7,980.980
Other deposits..
26,646,023
have been
£
£
£
£
1882.
1883.
1884.
1885.
Circulation excluding
49 5-16
48 4
London.
d. 49716
Silver, per oz..
944
Consols for money
Consols for account
944
Fr’oh rentes (in Paris) fr 78-40
1 l 47s
U. 8. 44a of 1891
U. 8. 4s of 1907
1243*
37:4
Canadian Pacific
Ohio. Mil. & St. Paul....
72*4
Srie, common stock
Illinois Central
49 11-1!
53 3-lt>
481*
494
524
48
Sat.
Pennsylvania
Philadelphia & Reading
New York Central
1-38
129*4
55 ’r“8
Mon.
Tuvs.
49 4
9534
953«
953*
953g
77*874 7 74
115
1144
12434
121%
36 34
374
7 2 r>8
72
1238
124
129 4
129*4
497lfi
Wed.
49 58
95
95
7 7*45
1 1 5
1 4%
37
724
12 q
129 4
;5559
555Q
55 4
8
9
913*
924
84
923a
914
8
Thurs.
Fri.
494
954
954
7 7‘ 4o
115
124 4
37*8
73
12 4
0
K
129 4
55 4
8
92 4
:
[VOL. XI*
THE CHRONICLE.
528
333...2890124———TTThhheee
3.5—The
d.
8.
10
0
9k 7
8.
State). 100 lb.
Wheat, No.2,3pr’g “
Winter, West., n “
Cal., No. 1
“
Cal., No. 2
“
Corn, mix., old... “
Flour (ex.
“
Corn, mix., new..
10
7
7
7
7
5
5
1
9
6
8k
0
0
59
Pork, West.mess..9 bbl
32
Bacon, long clear
Beef, pr. mess, new,^ tc 93
Bard, prime West. $ owt 36
59
32
93
0
60
Cneeae.Aui. choice
7
7
7
5
5
0
6
0
36
6J
8.
d.
10 0
9k 7 9k
1
1
7
9
7 10
7
6
7
8k 5 8k
0
5 Ok
0
59 0
32 0
0
0
93 0
36 6
6
60 0
0
d.
0
Fri.
Thurs.
Wed.
Tuts.
Mon.
Bat.
Liverpool.
d.
8.
10 0
9k 7 11
1
7
1
7
7 11
7 10
7 9
7
7
5
8k 5 8k
1
5 3
5
59 0
59 0
32 0
32 0
93 0
93 0
36 6
6
36
60 0
60 0
d.
0
8.
10
7
d.
t.
10 0
7 11
1
7
7 11
9
7
5 8k
5
59
31
93
36
60
3k
0
6
0
0
0
Imports and Exports for the Week.—The imports of last
week, compared with those of the preceding week, show
a
decrease in both dry goods and general merchandise.
The total
Banks.—The following national banks
been organized:
National
against
(for drygoods) April 23 and for the week ending (for general
merchandise) April 24; also totals since the beginning of the
first week in January:
FOREIGN IMPORTS AT NEW YORK.
-
limns
Dry goods
G>n’l mer’dise..
have lately
Total
Since Jan. 1.
>ry
Knox National Bank of Mount Vernon, Ohio. Capital,
$•>0,01/0. Henry B. Curtis, President; John M. Evvatt, Cashier.
To succeed the Knox Co. National Bauk, Mouut Vernon. Ohio.
Exchange National Bank of Seneca
exports
$0,109,G01 last week and $5,783,351 two weeks previous. The
following are the imports at New York for the week ending
1883.
$2,010,421
8,158,513
$2,268,897
7,441,867
$1,546,108
5,967,171
$1,028,338
$10,198,931
$9,710,764
$7,513,279
$5,793,093
$53,402,722
129,382,361
$47,352,439
107,926,642
$44,157,554
164,277,159
$35,733,508
Total 17 weeks. $170,785 083 $155,279,081
Falls, N. Y. Capital,
Harrison Chamberlain, President; Norman H.
$100,00J.
Becker, Cashier.
To succeed the National Exchange Bank,
goods
Gen’liner’dGe..
In
our
1885.
1884.
1882.
For Week.
©mixraercial anti BXisceUaueatts
$3,793,098, against $7,502,100 the pre¬
imports were
ceding week and $9,601,817 two weeks previous. The
for the weekended April 28 amounted to$5,817,570,
4,764,710
90,5/7,141
$148,434,913 $126,310,649
report of the dry goods trade will
be found the im*
goods for one week later.
The following is a statement of the exports (exclusive of
Seneca Falls. N. Y.
•
First National Bank of Fort Edward. New York. Capital, sj/ecie) from the port of New York to foreign ports for the
$75.0i.O. Philander C. Hitchcock, President; Asfihel R. Wing,
week ending April 28, 1885, and from January 1 to date:
Cashier. (Succeeds the National Bank of Fort Edward, N. Y.)
EXPORTS FROM NEW YORK FOR TUB WEEK.
Jamestown National Bank. Jamestown, Dakota. Capital,
$.>0,0( 0. A. J. Feezer, President; Geo. L. Raymond, Cashier.
1885.
1884.
1883.
1882.
First National Bank of Jackson, Mississippi. Capital,
$50,000. John P. Ri hardson, President; O. J. Waite, Cashier.
$5,817,570
$5,93 4,831
$6,090,014
$5,793,178
Merchants’ and Manufacturers’ National Bank of Middle- For the week...
90,178,352 102,768,029
100,190,491 112,287,690
Prev. reported..
town, N. Y. Capital, $180,000. Isaac R. Clements, President;
Natliau M. Hallock,
Cashier.
Capital, $150,000.
Michigan.
National Bank of Houghton,
Succeeds
Wright, President; James B. Sturgis, Cashier.
the Fi;st National Bank of Houghton, Mich.
Z. W.
ports of dry
Elizabethtown National Bank, Pa.
Capital, $100,000.
Dissinger, President; Isaac S. Longeuecker. Cashier.
3,33G—The Ahilene National Bank, Abilene Texas. Capital, $100,000.
J. M. Daugherty, President; C. Evans, Cashier.
3,337—The First National Bauk of Emmetsburg, Iowa. Capital, $50,COO.
E. S. Orrnsby, President; A. L. Ormsby, Cashier.
Aarou
Bonds Held by National
$105,985,669 $118,377,734
Total 17 weeks.
$96,413,183 $108,615,599
following table shows the exports and imports of specie
port of New York for the week ending April 25, and
since January 1, 1885, and for the corresponding periods in
The
at the
1884 and 1883:
EXPORTS AND IMPORTS OF
Banks.—The following interest¬
ing statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
depositories on May 1. We gave the statement for April 1
in Chronicle of April 4, page 413, and by referring to that the
changes made during the month can be seen.
8PECIE AT NEW YORK.
Imports.
Exports.
Gold.
Vest
Indies
$15,800
9,562
201,100
4,469,126
5,338
”500
138,375
78,466
1,500
Mexico
3outh America.......
4.11 other countries...
1,066
96,500
'
TJ. S. Bonds Held May
Description of Bonds.
1,1885, to Secure—
Bank
Public Deposits
in Banks.
Total 1885
Total 1884
Total 1883
$152,715,350
4k per cents
1,865,000
4 per
7,272,000
117,667,550
3,640.000
50,572,550
121,939,550
$16,740,000
$315,127,450
$331,867,450
cents
Total
120,000
Changes in Legal Tenders and
$4,711,329
$103,338
5,806,985
32,915,869
1,106,058
$556,70'
*4,539,658
30,558
14,500
175,954
73,177
39,387
154,781
$4,783,232
2,953,004
4,722,199
7,849
121,250
Silver.
$145,232,350
3,520,000
48,707,550
3s, Act July 12, 1882....
Currency 6s
$203,666
•
1,412,991
3,003,055
228,155
15,514
120,546
2,971
Total Held.
Circulation.
$7,183,000
*
$
$1,000
4r«at, Rrlt.atn
i/’panee
Germany
SinceJan.l.
Week.
Since Jan.1.
Week.
ireat Britain
France
German i
Vest Indies
__
*
Mexico
South America
4.11 other countries...
*641,145
211,222
254,780
76
102,846
158,057
168,353
137
433
4,235
402,524
Total 1885
Total 1884
Total 1883
National Bank Notes to
*24,332
$
4,608
*458,272
1,467,945
*570
$5,350,329
4,929.804
5,443,394
40,496
6.331
1.747,099
May 1.—The Comptroller of the Currency has furnished us the
Of the above imports for the week in 1885, $6,838 were
following, showing the amounts of national bank notes out¬
American gold coin and $433 American silver coin. Of the
standing April 1, together with the amounts outstanding
exports during the same time, $1,566 were American gold coin
May 1, and the increase or decrease during the month; also and $57,614 American silver coin.
the changes in legal tenders held for the redemption of bank
U. S.Sub-Treasury.—The following table shows the receipts
notes up to May 1 :
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week :
National Bank Notes —
Amount outstanding Apr il,
Amount issued during April
Amount retired during April
Amount
$321,754,752
1885
$1,053,370
2,3 >0,255
—
1,302.885
Balances.
•
Dale.
$320,451,887
outstanding May 1,1885*
Legal Tender Notes —
deposit to redeem national
April l, 1885
note-
on
Amount deposited during April
Amount re-issued & b’nk notes retired
Amount on
bank notes
bank
in Apr.
“
$39,418,027
$9.56,020
2,356,255
deposit to redeem national
May 1,1883
•Circulation of national gold banks,
3,400,235
$38,017,792
of legal tenders on
1 with the Treasurer of the United States to re¬
deem national bank notes was $38,017,792. The portion of this
deposit made (1) by banks becoming insolvent, (2) by banks
going into voluntary liquidation, and (3) by banks reducing or
retiring their circulation, was as follows on the first of each Of
the last five months:
Jan. 1.
Feb. 1.
Mar. 1.
April 1.
May
1.
$
$
$
$
$
817,644
831,001
936,368
920,243
Ineolvent bks
348,890
Liquid’t’g bks 10,629,853 12,815,155 12,983,413 12,717,293 12,648,545
Reducing und’r
act of 1874. 31,673,886 28,561,621 27,491,511 25,869,733 24,551,6^3
Total
1.523,776 54
28.
29.
30.
2,663,199 77
931.158 19
1.
Total...
9.0 «0.292 12
May
•Includes $106,009
ty
Deposits by—
27.
1,002.6 39 09
908,349 14
“
not Included above, $450,839.
According to the above, the amount
deposit M
“
1,970,621 39
43,152,629 42,297,019 41,411,292 39,418,037 38,017,792
Currency.
Coin.
*
$
*
*
Apr.25.
Amount
Payments.
Receipts.
2,030,963 93 139,867,855
920.0.;0 77 140,413.103
1.404.878 86 140,639.173
*2,26 >,660 85 139,4 49.068
1,001,124 37 139.363.228
1,183,600 94 139,383,894
01 23.062,835 83
24 23.121,363 37
74 24.103,613 78
07 24,005,267 79
86 24,092,671 72
64 23,887,194 14
8.810,241 72
gold ceititicatos taken out of
cash.
Auction Sales.—The following were sold at
by Messrs Adrian H. Muller & Son.
Shares.
10 N.Y. Mutual Gas Lt Co..127k
35 Consol. Gas Co. of N. Y.. 88%
3 Fifth Nat. Bauk
...129 k
50 Chris. & 10th st. RR. Co. 132k
10 Tliird Av. RR. C >
291k
10 Union Trust Co. of N. Y.3L9
35 Kniokerbkr. Fire Ins. C >. 80
20 Greenwich Fire Ins Co..241
50 Madison Square Bank... 70
125 The Hammuschlag Mfg.
Co. of N. Y
$200 for lot
Bonds
Shares.
100 Winona Gold
M’g Co.* I for lot
1,000 Evening Star do..$20 for lot
1,000 F.etcher Gold and
8ilver Mining Go
$5 for lot
55 New York&Brighton
Beach Railway Co...$7 for lot
Mutual
10 Mercantile
$20 for lot
Insurance Co
8 Marine Nat. Bank. ..$1 for lot
150 Alliance C’l M’g Co.$11 for lot
150 Exce'sior Life Sav’g
Car Coupling Co
$1 for lot
50 Calumet & Chic. Can’l
$53forlot
& Dock Co
100 Tol. Del. & Bur. RR..$ > for lot
200 Sterling Mining Co.$ '5 for lot
31* Morn’g Star M’g Co $90 for lot
50 Keelv Motor Co.
6 per ct.
60 N Y.Bowery Fire Ins.Cn.134
30 Sch’ylkill Mut.C’iCo.$3 for lot
auction lately
$440 Union Mutual Ins
Scrip of 1870, mostly
off
$l,u00 Winona Gold
’
Co.
paid
$i 1 for lot
Mining
Co. 1st raort
$2 '0 for lot
$! 1,000 Jersey City 7s due
May 1,189/
lOOk&int.
$20 Consol. Gas Co. Scrip.... 86
May 2,
THE
1885.]
529
CHRONICLE.
actual business were as follows, viz. :
days’sterling, 4 8GJ@4 80$-; demand, 4 88$@4 88£.
Cables, 4 88f.
Commercial bills were 4 84$@4 84£. Conti¬
nental bills were : Francs, 5 20f-@5 21£ and 5 18£@5 19f;
DIVIDENDS.
reichmarks, 95@95$ and 95$'@.95f; guilders, 40$@40f.
The following were the rates of domestic exchange on New
Tiie following dividends have recently been announced:
at the under-mentioned cities to-day : Savannah, buying
York
Bjoks
Closed.
When
Ter
Name of Company.
inclusive.)
(Days
cent.
Payable.
| premium, selling f premium; Charleston, buying -$ premium,
selling 3-lC@$- premium; Boston, 5@10 discount; New
Railroads.
1
Orleans, commercial, 125 premium; bank, 200 premium; St.
3
May
Cincinnati Saud. *fc Cleve. pref—
1 April 22 to
May
oha
Louis, 100 premium ; Chicago, CO premium.
Nashua <fe Lowell
2
May 11 May 1 to May 11
New York Prow & Boston (<piar.)
The posted rates of leading bankers are as follows :
Banks.
The Hankers7
To-day the rates on
daxetle.
Bankers’CO
-
American Exchange
Bank of the State of
Pacific (qnar.)
3*2
New York..
NEW, YORK,
4
2ki
May
May
May
1
11
1
April 29 to May 5
April 29 to May 13
FRIDAY. MAY 1,
1SS5-5 F. M.
Market and Financial Situation.—The lack
of animation in Wall Street equals the dullest times known
there by the “oldest inhabitant.” In addition to the stagna¬
tion which arises from the lack of confidence and commercial
The Money
depression, the playing fast and loose by England and Russia on
the war question keeps things in a perpetual state of uncertain¬
ty that adds another cause to those already existing for the
present dull times. It has been suggested that England and
Russia should refer their difficulties to the Chicago Produce
Exchange for arbitration, and let them determine speedily
whether there should be peace or war.
In railroad affairs the reported agreement among
the oppos¬
Philadelphia & Reading security holders;
the pending negotiations for a lease of the Oregon Naviga¬
tion lines to Union Pacific and Northern Pacific; and the
appointment of a receiver for Lake Erie & Western, are among
ing factions of the
important items of news.
plan of adjustment proposed to the Chesapeake & Ohio
holders of series “B” bonds is commended by the Chronicle
the most
The
the different classes
of bonds is carefully observed; that the holders of float¬
ing debt are given no preference; that the coupons are
be
to
paid one-half in cash; that for the other
half-coupon scrip is given which is to be taken up with future
earnings as fast as they accrue. This arrangement is simple,
and if faithfully carried out apparently gives to bondholders all
that they could expect to get out of the property, and therefore
obviates any necessity for litigation or foreclosure.
What the
bondholders need in such a case is some effectual guarantee, by
representation in the board or otherwise, that the arrangement
will be carried out in accordance with its proposed conditions.
Each good and satisfactory adjustment of railroad difficulties
without litigation is so much gained, and is not only important in
the particular case, but also as a precedent which may be fol¬
lowed by other companies in embarrassed circumstances.
Rates for call loans during the week on stock and bond
collaterals have ranged at 1@1£ per cent, and to-day at the same
figures. Prime commercial paper is quoted at 3$@4$ per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £981,000, and the percentage of reserve to
liabilities.was 50 13-10, against 48$- last week; the discount rate
remains at 3$ per cent.
The Bank of France gained 5,900,000
francs in gold and lost 1,825,000 francs in silver.
The New York Clearing House banks, in their statement of
April 25, showed an increase in surplus reserve of $2,748,850,
the total surplus being $53,142,425, against $50,393,575 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks.
for the
reasons
that the priorities of
'
1883.
Sixty Days Demand.
May 1.
Prime bankers’sterling bills on
Prime commercial
Documentary commercial
London
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reichmarks)
$4 84
Napoleons
3 8c>
74
96
®$4 83
-a 3 90
® 4 78
© 4 OO
Span’hDoubloons.15 55
&15 70
X X Reichmarks. 4
X Guilders
3
.aex.
Doubloons..!5 55
1 03
F nesilver bars
Fine gold bars....
Dimes & ^ dimes.
..
-315 65
3 1
par314prem.
—
99^ 3
4 89
4 85
4 S4Lj
5 21 H
5 18
40**
95^8
40*4
95
Coins.—The following are quotations in gold
Sovereigns
4 87
^
.......
for various coins:
Silver Hs and -*28.
Five francs
Mexican dollars..
Do uncommero’l.
—
Peruvian soles....
—
—
—
—
99^3
92 '3
85 3
84^3
78 3
par.
—
—
—
—
94
86
85
79
3 4 84
85 3— 86
99^3 par.
English silver.... 4 78
U. S. trade dollars
U. 8. silverdollars
—
par
Bonds.—Government bonds have been
moderately active and prices continue strong. The three per
cents have been steadily advancing of late and are now quoted
United States
102|.
at
The
closing prices at the N. Y.
Interest
Periods.
Board have been as follows:
April April April April April
25.
23.
27.
29.
May
30
11212 *11236 1125s *11212 1121* *Xll30
1125s *112*2 *11258 11234 *1125s *ll25a
4*98,1891
12l7g
*122*8 1221s *122*8 1221s 122
D.-Jan.
4s, 1907
reg.
*l2l7g
1221s *12218 1221a 122
122i4
Q.-Jan.
4s, 1907
coup.
*102
10218 *10218 *102ig *1023s *10238
38, option U.S—reg. d.-Feb.
*127
*124
*127
*127
*127
*127
J.
J.
&
63,cur’oy, ’95—reg.
*127
*128*2
*129
*129
*129
J. & J. *129
6a, our'ey, ’96—reg.
*130
*129
*130
*130
*130
J. & J. *131
6s,our’oy, ’97.-...reg.
*132
*131
J. & J. *133^ *133*2 *133^ *13312
6s,our’cy, ’98—reg.
*134
*133
*13412
*13434
*1343*
135
6s.our'oy. ’99.. .rew J. & J.
4*98,1891
*
reg. Q.-Mar.
ooup. (J.-Mar.
the mojaitng board; no sale was made.
Railroad Bonds.—State bonds have shown mod¬
activity, the sales recorded being as follows: $88,500
This la the price hid at
State and
erate
Tennessee
compromise bonds at 55J-55; $10,000 Virginia Cs
Missouri Cs, 1887, at 10G; $5,000 do.,
1889-90, at 113; $10,000 North Carolina Cs, 1919, at 109f;
$50,000 do. special tax bonds at 4f-54, and $1,000 do. consol.
deferred at 5; $1,000
874Railroad bonds have been moderately
the extreme dulness of the stock market,
4s at
active, compared with
and the general course
irregular. The Chesapeake & Ohio “B”
announcement that interest would be
paid one-half in cash and one-half in scrip; they close at 62,
against 59£ last week; do. currency bonds at 16, against 16f;
Missouri Kansas & Texas general Cs at 76£, against 75; do.
general 5s at 60£, against 59£; Richmond & Danville lsts at
102, against 100^; Union Pacific lsts at 114£, against 113£;
Atlantic & Pacific lsts at 71$, against 73|; do. incomes at 16£,
against 16$; East Tennessee 5s at 44$, against 46$-; Missouri
Pacific 1st consols at 98$, against 101, and Erie 2ds at 54$-,
of prices has been
bonds advanced on the
against 54f.
Stocks.—The past week has
and stagnation on the Stock
Exchange, and nothing of importance has been developed that
could lift the market out of its apathetic state.
The volume of
transactions has been exceedingly small, and the change in
prices generally unimportant, while a few stocks have advanced
Railroad and Miscellaneous
one of uninterrupted dulness
been
quite materially.
The bear talk has continued against
of the war in rates among Western
offset by the rise in the price
in prices has been shown,
have again declined.
The European war news is
the grangers on account
; but this has been
of wheat, and no great weakness
except for the Omaha stocks, which
roads
watched with great interest, and
has much to
the uncertainty as to the chances of war or peace
do with the lack of animation at the Stock Exchanges.
The Oregons are still strong,
ations have been pending for a lease of the
lines to Union Pacific and Northern Pacific, but no terms
and it is known that negoti¬
Oregon Navigation
have
Loans and dis. $298,343,700 Dec.$3,619,600 $313,355,500 $312,895,000
5J,736,«0j
58,215 3 JO
109.958.400 Inc. 2,266,600
Specie
16,342.400
yet
agreed
upon,
matter
far
subject
14,493,8X
been
and
the
is
thus
only
a
Deo.
3,0
)0
10.910.800
Circulation...
Net deposits..
356,816,700 Deo. 1,120,600 335,634,000 299,922,400 of negotiation.
19,639,000
28,125,500
202,100
32.388,200 Inc.
Consolidated Gas stock has been a prominent feature of the
Legal tenders.
$72,480,600
Dec.
$83,921,000
$230,150
Legal reserve $89,204,175
73,375,800 speculation, and has advanced on the defeat of the Gas Bill at
86,340,800
142,346,600 Inc. 2,468,700
Reserve held.
Albany, which was effected on Thursday. A receiver has been
$895,200
Inc .$2,748,850
$2,419,800
$53,142,425
Surplus
appointed for Lake Erie & Western and the May interest on
its bonds is not paid.
The suits brought by the Marine Bank
Exchange.—The extreme dulness noticeable of late in the receiver against the Erie Company on the Chicago & Atlantic
sterling exchange market has continued during the past week, (Grant & Ward) notes have depressed that stock. The failure
and there is nothing new to report, rates remaining as last of the trunk line managers to make a new agreement in place
of the pool which expires to-day has also been a depressing
quoted. There is some talk of the possible exports of gold,
influence, and the market closes dull with a weak tone*
but as yet there has been none shipped of any importance.
1
1885.
Di tfer’ncesfr’m
1884.
April 25.
Previous Week.
Apnl 26.
April 28.
CHRONICLE.
THE
530
•
EXCHANGE PRICES FOR WEEK ENDING MAY 1, AND SINCE JAN. 1, 18S5.
NEW YOKK STOCK
HIGHEST
STOCKS.
[Vol. XL.
April 27.
Thursday,
April 30.
Wednesday,
April 29.
Tuesday,
April 28.
Monday,
Saturday,
April 25.
Sales of
the Week
PRICES.
LOWEST
AND
(Shares).
Friday,
May 1.
For Full
Year 1884.
Range Since Jan. 1, 1885.
Lowest.
Highest.
Low.
High
126
135
90
80
'
RAILROADS.
90
Canadian Pacific
Canada Southern
Cedar Falls it Minnesota
3b M
«2934
10 *2
30*4
10 hi
30
3b
3534
31
31*4
31*4
30*4
31*4
5
8
b
4
4
7%
7'*8
n jo
*5
1st prof
2d pref....
Chicago <fc Alton
......
Cliicago Burlington A
Chicago Milwaukee A
~
Do
pref.
Do
Chicago Hock Island A Pacific
Chicago St. Louis & Pittsburg.
Do
prof.
•Chicago St. Paul Minn. A Um.
Do
pref.
Cleveland Ool.Cin. A Indianap.
A West.
•East Tennessee Va. A
Ga
Green
Bay Winona A St.
Houston A Texas
36ha
*29 ha
3b hi
*10
11
b
*5
......
.
121
3 b *8
31*8
31*6
5
8
b
11
10*8
.
36*8
31*4
30*4
31
*4*4
a4
5
*7*4
8*2
*5
b
734
*434
10*8
37*4
31*2
b.
734
534
*35 ha
2 s ha
*10
215
80
30*2
30
3,855
1,300
12
30 78
3b
3L
121*8 121*4
70 7« 71*4
not
9 5 •’'a
*7
*16
20
96
8 ha
20
20'*8
73 7a 74
25 *8
23
140
140
b’s
3
*5 ha
Paul.
3;,s
b :s
3
3
b
_
*3
3:*s
1434
1434
20
127
127
b%
b%
*3*i
*5ha
3*2
4b
*15
127
20
127
3*4
5*4
3*4
5 *4
*21*>
378
*3*4
5*4
3 *2
5*2
*3
4
*15
20
*15
20
b
40
*3
4*2
199
199
x15
3
u3!
534
105% 100 V 105 % 100%
5'*4
534
b%
b%
105 ha 10b *4
10b
b34
105
b
4 ha
124
88
57
3534
28 hi
934
300
7
31
20 ha
3
7
4-X
128
5,510
1,915
31*4
110
299
*4
*7*4
-5
225
225
175
19
*10
19*8
72%
24*2
7,522
2,210
3*4
1,225
D *4
b.M
200
100
50
50
405
*15
120
17
12b
*10 ha
8*4
58 ha
West’n
Louisville A Nashville..
Louisville Now Albany & Chic.
Manhattan Elevated, consol.. .
72 >4
72;im
bha
5 8 ha
72*4
30%
30%
30 ha
8*4
58%
11
0
58 7s
12
*10 ha
12
7*4
59-*8
72*4
*72 *8
31
*31
11
b
10*8
10 ha
*10
llha
10
4 *<2
5*4
4
58%
72%
30%
5
59 *4
0
59*4
*4
58r>8
72'a
72 *8
58*4
72*4
30 34
31*8
30*2
72%
31*8
59
72*4
30 7a
......
......
8b M
85%
8b
8b
^
89*4
89 >8
8b:*8
88
88
38
38
37
*115
5 2 ha
33
11
-25
*11334
*112
5b
*112:,4
5b *2
'
*11*2
*11H:
Minneapolis A St. Louis
*25
18%
.Missouri Kansas & Texas
Missouri Pacific
01 %
is* s*
18*4
94 %
18 hi
9 478
12
*25 ha
18*4
95*4
95 ha
Mnrrift ,t Essex
Central A Hudson..
New York Chic. A St. Louis...
Do
pref.
New York
Erie A West’n
pref.
England
New York New 1-raven <V. Hart.
New York Ontario A Western.
NewYorkSusq. A Western ...
Do
pref.
'N’nrfnllr A. Western, pref
New York Lake
Dn
New York A New
....
18 •%
18*4
95*2
9 4'">8
87
5 4hi
33
11
*11634
51 '
53
continental...
Evansville..
Pittsburg Ft. Wayne it Chic...
*2
7 ha
2 ha
*2
*5 *4
6 ha
*534
734
2ha
bha
1734
7 ha
Ohio Southern
Oregon Short Linn
.....
.
8,090
90ha
800
5i
12
18*4
19
18*8
9i78
95*8
913,
*11
25
4,050
52*2
200
320
200
12
25
19*4
93 %
22,980
124»4 12134 *122 ha 125
38
89ha 89 7h
89;*8 89 78
2 *2
2
2
-134
5
*4
89 *2 89 ha
89*2 89ha
1134 12
113a 12
2 4
21
21 '*8 9914
20 34 21ha
189
189
8
*7
0347*4
2 *2
*2
*2
2*2
142
18:V)
95ha
122*2,124
*37
89%
90*4
89*8
39
89 ha
2
*ly4
*4
5
2
12 *8
12*4
20*o
2
.
i%
.
12
12
‘7*4
18
18
17'*4
39 ha
39%
3934 40*4
5*
12 *4
%
12*4
10*4
10*4
11
20
12'8
12 *4
*15:j4
13 *4
13*4
11*4
12*4
lb *4
129
129
k
2 ha
b
*18
17*2
39 7a
*
Lj
%
1^
2ha
21*4
21*2
*7%
*2
8
3
*534
bha
b
20
17*2
17 *2
40*6
3934
*
34
11
21
14*8
11 f*8
14*8
10*2
15 *8
*211
Rochester & Pittsburg
*2 34
12
10*2
8%
15'“*8
*15*2
*534
.
*18
17 *8
40
5,100
hi
*11*2
0*2
9*2
lb
9
16
17*2
17
17*8
39*8
40
22
*2 34
*>o
lb’u
pref
Manitoba
XS7
10 *4
Union Paciilc
Wabash st. Louis it Pacific
Do
pref.
48-'8
2 ha
*•
7,045
79
550
100
200
1,177
19,245
400
300
707
275
9
20*4
15
9 *2
lb
13*4
9 >8
10*4
14'*4
9 ha
17
42,305
3,805
1,300
20
3*8
22 hs
3 *8
>21*4
*2 34
1 19 U,
143
21*2
22 *4
3*8
3*8
*2'3.1
3
143
49
21*2
3*8
143
88
81
81
-.87
89
87 *2
87 *2
10*4
49*4
10*4
49 ;i8
2 *->
2*2
10%
4934
2 ha
10*a
10 ha
49*4
49
2 *2
21.,
9
19
>30
*80
32'
81*2
80
*87
10
4 8 34
>2 *2
30
100
22
1,100
3
boo
15 ’•>
800
10
no
30
2b
500
SO
89
DPs
49-8
873,
97s 10*4
49 *s 4 9 *4
8734
2 hi
*
9
k
*17
143
LOO
20 34
3
15
17
..
St. Paul Min neap, ix.
Texas A Paciilc
305
12 ha
Ogdensli’g
Louis Alton it Terre Haute
Do
pref.
Louis
St.
it San Francisco
Do
pref..
Do
1st pref.
St. Paul it Dulutli
*
8,050
'
•49
St.
000
100
15
bha
40*8
*2
9
20*4
14%
15
*5»4
59,941
20
9*2
,
14
11 ha
141
Rich. A A11 eg., slock trust rtfs.
'Richmond A Danville
Richm’d A West P’nt Terminal
17ha
40*8
34
*2
11%
9*2
special.
Watertown A.
90*4
*10 34
2b ha
ISbL 187
Northern Pacific.-...*
Do
pref
■Ohio Central
Do
90 *4
*3b
37
'
Rome
3,207
......
-
*122
125
121
*
39 *4 *37
89*2 90ha
89 •‘8 90 "
*
*2
2 ha
2*2
1 :,4
5
434
*4
434
*88
90
*88
12
12*8
12 hj 12*4
21
21
19 ha 20-'*8
*122
Do
1,405
.
'Michigan Central
Peoria Decatur it
27,375
59
72 M
303.j
_
1
Oregon A Trans
2,280
0
7
9
...
10*8
49
2 hi
10-6
49'*4
2 h>
n
5.770
103,005
2,0 i 0
100
MISCELLANEOUS.
5b
Consolidated Gas Co
Delaware A. Hudson Canal
New York it Texas Laud Co...
88*a
Oregon
Improvement Co
Pacific Mail.
Pullman Palace Car Co
>
3
81 >4
*
74 *4
5 4%
81*4
2 9 ha
7b
5 4 :,4
>4
prof
Western Union Telegraph
Do
'
Adams
.1
Wells, Fargo it Co
INACTIVE STOCKS.
Atchison Topeka it Santa Fe..
*25 *•>
58%
57
X‘J
3
10*2
10*8
89
82
......
......
......
58%
58
10*4
10*4
88 ha
91
82
82
.
-•
.
75 >4
75
5 4% 34 -8
11 6 *1 110 L
*4
5
*25 >2 27
5 8'’a 5 8 34
54r*d
28
.
%
*135
*13b
*13 4
140
93
93
9 l *2
93
9334
53
53
52 ha 52 hi *52
110
110*2
*108 ha 110
ha
110%
5 b ha
*2
10*4
92 ha
82%
„
7 5 7H
*25 ha
56ha
5b 'h
......
117
5
*4
57
89 *s
82 ‘8
......
71*4
5 4 :,8
5
28
58 ha
5b:*8
»
*10 *8
89
8 8 ha
82
.....
07
i 7
*2
*llb
Quicksilver M ining Co
American
United States
2
-
Oregon Railway it Nay. Co
EXPRESS.
A
5b:58
50
American Tel. it Cable Co
Bankers’ it Merchants’ Tel
< ’dorado Coal it I ron
71*2
5 l %
•
•
.
.
75
5534
116L HOC
5
*3 *2
*22 *a
58 *2
27
58 ‘a
13b *2 137*->
9 l *2 91 *2
53
53
91*2
53
109ha HO
110%
5b hi
*10 *8
90 ha 92
82
82
135
135
27
27
71'2 77
55 <8 5b %
0334
137
94
52 >4
1 10 '*6
412
57
3
11
-4
*22 ha
57
_
10*2
9 4
81hi
10*2
95*6
8 2 3.i
.....
75
70*4
5534
50*4
xll 4 ‘gill *2
*4
5
*22 ha 27
59 %
59
59*8
133
527«
110 '*8
_•
337
9,043
2,03 4
30
5
27
IQ3,
_
95
*52
90
53
110*4 110*4
72
......
790
9,802
5b, 138
125
.....
31,775
110
439
320
240
100
72
j
•
«>....•
1
|
Louisiana it Missouri River...
*135
New York Elevated
i
j
..!
!
i
>133
110
;;
140
140
140
*135
50
150
-
1
Warren
('anton Co
Consolidation Coal
ilomestake Mining
US
118
210
Co
♦These aro the prices hid
1
i
.....
■
t
Maryland Coal....
118
118
;..l
i
.
.....
New Central Coal
Ontario Silver Mining
Standard Mining ...T
Feb.
4i
Jau.
3
80ha
50
39
Feb. 20
Feb. 12
Mar. 12!
2434
91
37ha
Mar.
58*4
Jan. 12
957a
Mar. 27
81*2
Apr. 13
Feb. 20 |117
100*4
Mar. 14!
20
9
10
05
1
b
478 Jan. 27
Apr. 15
Jan.
149ha
120 34
13*4
Jan.
19
2
8b34 133*8
b:*8 25^8
82
52
3
8*4
434 14*2
51
30
8*2
3*2
9
15!
Feb. 12
Mar.
4*2
17
20
14
10
37*4
19|
27j
2!)
27
2
130
Jan.
87 *8 Jau.
48
Jan.
2
104*8 Jan.
2
3
2
13.8
9b
.55
111
6*4
34*a
1734
60 **8
24
•
—
.....
20,
1
m
m
m
16*8
24
50
96
29
50
llha
24ha
271
—
61
32
32
12
I y8
14
18
70
9
Jan.12
70
15
05
70*6
5 ha
28
96ha
32 34
4
1934
9
32
90
99
22%
84 •"'a
20*
2<s|
49
1
7
8|
Feb. 21
Mar.
1134
25 119*2 135
20
146*2
30 138
5
2*8
17
51*8 Feb. 10
5 *2 Jan.
7
Apr.
Apr.
Feb.
Apr.
5
8 34
7
lb 78
80*2 Mar. 18|
907s Mar. lb
13 7h Feb. 20;
May
25 ;8
14*fl
3934 Jan. 8!
87 ha Jan. 10;
Apr.
4ha
1
2|
14'
0
Mar.
lb3*
6
18
42
27
57 da
134
Feb. 25!
Jau.
184
175
7
21
11 *0
Mar 2.8
Jan. 27 57 *”
4
2*4 Mar. 19
8
Jau.
3 1334
80.
Mar. 21 95*8
SO -4
66 *2 J an. 22
135
Apr. 30 135
Jau.
3 3 4
21
77
59 '4 Jan. 29
40 *4 Mar. 21
62*8
117
107 hi Jan.
2
43^
4*4 Apr. 7
Ja’11. 30 30
30
53’g Jan. 2 03*4
28*2
71*2
17*4
11*8
20
8
0
10
51
23
100*2
0*4 13
127 *2
115
58
30
83 ha 122*4
10 ha
4
7*4 20
94
83
20j
14
94*2
4434
18*2
3 b'*8
7*2
17
9 ha
03 ha
Feb.
Feb.
Apr. 30
Apr. 30
24
40
105
31
Mar.
Feb.
35
79
5134
20*4 Mar. 11
2 4
10
btha
10
23
85
4
19
25
Apr. 30
79*4 Apr. 15
21
Feb. 26
77 ha Feb.
7
7934 Jan. 2
9*4 Apr. 8
41
Mar. 21
20*4
b78 1934
59*2 10434
02
78*4
22*2 51:*8
2
1
11
200
51
140
8b
185
20
110
70
9
Feb. 20;
8
2 >34 Feb. 2b
54
33
33
27;
Jan. 17
19*4 Feb.
Mar.
30ha Jan. 29 4 4
1 a4 Jau.
A
ha
pr. 2 4
Jan.
11*8 Apr. 29 19
Mar.
9
Jan.
7 12
Apr.
1478 Mar. 21 2L
15
10 *4 Apr. 8
Apr.
S% Apr. 29 15hi Feb.
19
Jan.
13*4 Mar. 30
119 ha Feb. 17 129
Apr.
120 ' Mar. 9 129ha Apr.
Apr.
13bha Jail. 29,143
2 *2 Jan.
134 Feb. 28
Fob.
124
80 34 100
91*4 Feb. 25
2.8
69*2
38
Feb. 2 4!
140*8 Apr. li; 125*8 141
1
19
15
44 78 Jan.
19
Jan.
2 5a Mar.
17
Jau.
Mav
15
91*4
119
lb*a! 35
217s 38*8
-
2
7
12
16
90
07 »4
15
28
b
Mar. 0
Feb. 27!
Feb. 25
4 3s Mar. 10
234 Jan. 15
8
Mar. 3
4% Jan. 23
52
Mar. 20
37 ha Jan. 10
3
Jan.
0
•4% Apr. 22
190*8 Jan. 20 200
Mar. 21
Jap.lt
14
Mar. 2 b 30
Mar. 14
119 ha Jan. 17 127
8 4
Jan. 10
88*2 Feb. 17
10
May 1 llha Feb. 2 4;
17
Feb. 21!
4 ha Apr. 29
58*4 Apr. 15 07 7s Feb. 251
02
Jan.
2 73-4 Mar. 31 j
22
Jau. 10 33*4 Feb. 27j
11 ha Jan.
0 27 *s Feb. 20
65
1
Jan. 15 90*2 Mav
11 *8 Jan.
3 15 ha Apr. 20
4 4
Mar. 7
27 ha Jan. 15
90
Jan.
2 933.1 Jail. 30
51
Apr. 30 b 1 ha Feb. 2 4
32
Feb. 20 3434 Fel>. 2 b
13
Fob. 20
10 ha Jan. 26
25
Jan. lb 29ha Feb. 20
14 ha Jan. 22 19*4 May l!
89 ha Mar. 21 97*8 Feb. 10
7 »s Jail.
9*4 Feb. 257
11434 Jau. 2 12 434 Apr. 30
33
Jan.
7 42ha Feb. 271
00
X41? 1j. 2»)(
8 4 ha Jan. 19
5 *s Jan.
81
13j Mar. 31
4
Mar. 25
934 Feb. 17,
84 ha Jan.
2 89 hj Apr. 24|
11 *4 Fob.
2 14a4 Jan. 0,
Jan.
8!
20
5 30
Feb.
22 *4 Apr. 3u:
12
Jan. 17
Jan.
189
175
2
Apr. 30
ba4 Apr. 14 12 ha Jail. 0!
3
Feb. 28
l7a Jau. 12
1.8
30
58*4
57 7a
8
11
61'%
12734
17*2
-----
114
15i 07
30 I22ha 170
65 *a
8 34
60 *4 112
57 *a
31
117
90
20
3b
0|
Apr. 23
»a4
Mar. 30
Jan. 3b
Feb. lb
6*2
20
34
49
78*8
125 ' 137
102
87
61*2
45
115
98
Apr. 30
May 1.1
Apr. 7j
Apr. lb)
‘
Cincinnati sam.lu.sk v it Clove..
Columbus Chie.it ind. Centr’l
Keokuk it Dt s Moines
Virginia Midland
9
19
29
Apr. 30
Jan. 31
4ha Mar
Jail,
55
800
10*4
1
82*8 Jan. 22 109*8 Mar.
.
'Indiana Bloomiugt’n A
Lake Erie A Western
Lake Shore
Jan.
14 ha Jan.
75,409
2,035
105 7b 10b 34
4 *2
O *2
4
Apr.
Apr.
Apr.
May
Feb.
30
Feb. 25!
5
034 Feb. 10
7
9*2
7 12*4 Feb. 2b,
o *a 17
8
15!
Jail.
22
140*4
2113.8
Apr. 22! 118
12734
2,125ha Mar. 14' 107
7238 May
23
134
20
100
*3
-
b ha Mar. 31
15
Jan. 17
18 h3 Apr. 21
5,5-85
20ha
74
25 *2
3*4
5 *4
Feb.
9 133 ha
Mar. 25 9()3.t
Feb.
4 05
Apr. 24 44 7e
May 1 35
Mar. 23 11
Feb. 18
13*8
Mar. 25 41 %
Jan. 31 3b
3,707 115ha Jan.
100,185
08ha Mar. 25! 70*8
1,190 102 Jan. 28 108
50,050 843s Jan. 2j 98»4
10 11934 Jan.
2 13 4
2 11034
Jan.
1,425 105
121*8 121*4
70ha 71
104 *4 104*4
95
Do3!
I30ha 130*2
113 ha 113 ha
*7
8 *4
9b
104 34 105
Central
3b *2
30 ha
90 ha
137 ha 137hi
13734 13734
1'2U *8 121*8
70ha 71
12 L *2
12 L
7 0 !,a 71
7 1 *8
2934 i *29*4
35 7e
31*4
.....
121*4
70*4
3b *8
*35 34
36 *s
3b *8
29
*10
30ha
*4
8
y5
199 I.. 1 99 Ir,
90
.
pref.
Do
‘
...
11
*10
.
9b
Delaware Lackawanna
Denver & Rio Grande
...
......
90
101
10334 101 ha *103'*4 101*4 101
95 *8 95 ha
95*8 95*8
94-8 9 b
9434 95M
130
130ha 130ha 130
129*2 129 X 129*4 130
112 ha 112*2
112 h> 112a4 113
1120 112 34 112
8 ha
*7*2
8*2
*7ha
8
8 ha
8*g
rl ha
*15
20
18
18
1734 1734
19
*15
20 34
20 ha
20
20
19'*8 20
19 *4 20*4
7b
77
733t 75
7534 7 b ha
7534 7 b ha
29
27 ha 29
29
293.4 30
prof.
Chicago A Northwestern
......
121
121*8
70
70 ha
103 hi 103 ha
Quincy.
St. Paul
3b *8
3b
3b
Central of Now Jersey
Ceutral Paeilie
Do
Do
i ao.%. t ao.c
1 QO
Susquehanna
Albany &
:::::::::::: ::::::::::::
20
20
1
and asked; no sale was made at the
Hoard'.
25
Jan.
9
67 7s Mar. 20 7-8
Mar. 17
.Tail. 29 152
Feb. 27 2234 Feb. 2 j
1 *4 Feb.
Mar. 10
5
0
Feb. 17,
Feb. 25
Mar. 17
Mar. 4 2b
Jail. 22 110
Apr. 29
18
Mar.
3
Jan. D)
Jan. 19 118
Apr. 25,
Apr. 15
Feb. 13 40
Feb. 27
9 20
Fob.
Jan. 30
10a4 Mar. lo
8
Mar. 25
7*e Apr. b
7
Feb. 25
5;,4 Apr. 18
Apr. 25
17
Feb.
7 20
1 ha Mar. 2b|
1 hi Mar. 20,
147
22
1*6
2 hi
22 hi
122
15
110
40
19
10
80 34
152
23ha 24
2
1
5
5
24
19*2
130
115
21.
1 5
121
122ha
62
142
:
39*2
18
8
7
!
**
1 14
l*4i
40
23ha
11
15
10
29
7*4
May 2,
THE CHRONICLE
1885.]
RAILROAD
The latest railroad
latest date
are
week
1 to
can
Average Amount of—
Banks.
be obtained.
Loans and
Discounts.
The columns under the
heading “January 1 to latest date”
earnings from January 1 to, and including,
furnish the gross
the period mentioned in the second column.
Latest
Earnings Reported.
Roads.
Week or Mo
1885.
1884.
1,545:000
1884.
wk Apr.
wk Apr.
wk Apr.
wk Apr.
wk Apr.
Danbury A Nor.’February.Denv. A Rio Or. '3d wk Apr.
Denv. AR:G. W !March
Dcs Mo. A Ft. I>.|3d wk
Apr.)
Dct.Lans’gANo. 3d wk Apr-.;
Dub.ASiouxC ity’Bd wk Apr.!
E.Teun. Ya. A G a. J M arc h
j
Evansv. A T. II. 3d-wk Apr.
Flint A P. Marq. ;3d wk Apr.1
Flor. R’way A N.
Florida South’ll.
Ft.Worth A Ben
Gal.Har.A 8.An.
Grand Trunk
2d wk Apr.
March
March
January...
Wk
Apr. 18.
433,967
39 J ,700
6.289,000
6,211,583
99,000
26,814
128.300
30,561
45.704
230,550
31,211
9,683
277,759
19,620
13,511
101,082
62,133
7,171
29,103
12,494
101.170
69,100
7,299
22,621
12,200
324.4 00
331,109
15,010
39.801
14,316
50,411
16.125
16,824
25,191
32.539
17,061
31,533
211,097
254,134
311,229
6,685
95,445
2<)0.000
Sp. A M. 2d wk Apr.
Kentucky Cent’l 3d wk Mch1
Lake Erie A W..|3d wk Mch
Ft.Smith March
L.Rk.M.Riv.A T.I March
Long Island
13d wk Apr.!
River.'January'..!
L’a Western
I
January...j
Louisv.A Na.shvT.|3d wk Apr. I
Mar.IIougli. AO.i3d wk Apr.!
Mem. A Charles (March
j
Mexican Central 13d wk Apr.;
Mex. N.. all
lines! March
Milwaukee A No 3d wk
Apr.!
133,948
415,900
Gulf Col. A S. Fe March
Ill. Cent. (Ill.).. 3d wk Apr.
Apr.
262,309
2,404,729
756,328
424,721
5.959.231
5,992.158
1,528,398
296,665
6,695
A Gulf 2d wk
711,547
145,137
315,447
2,324,309
3,619,233
Gr.Bay W.ASt I\ 2d wk Mch
Do
(Iowa) 3d wk Apr.1
Ind.Bloom.A AV I 3(1 wk Apr..
4,507,756
781.075
1,020,859
417,786
4,325,040
471,885
222,292
31,829
9,115
256,093
22,101
13,489
..
1,781.341
370.028
273,740
2,339,308
116,326
3,594,399
Cin.Wash.ABalr.J id wk Apr.
Clev.AkronAColI.3d wk Apr.
Clev.Col.C.A Iml January
Connotton Val..jFebinary..
AT.-P.jMar.-h
127,240
870,773
$
29.576
44 014
Cin. N. O.
$
300.541
2,180,446
31,964
407,00(
.
3d
3d
3d
3d
3d
Cin.Tnd.St.L.AO j3d wk Apr.
L’a A Mo.
1885.
....
Pheni'x
City
3V00!
42,038i
50,104
31.436
15,623
23.163
46..808
26,664
121,676
197,108
33,171
40.576
37,109
19,610
14,811
19,548
46,270
26,326
52,603
45.163
47,117
39,828
50,066
253.300
267.515
4,780
109,252
77.800
139,121
11,019
26,400
190.4 32
Mil.L. Sh.A Wes ’3d wk Apr ‘
Minn. A St.Louis! March.
Mobile A Ohio.. March
195,140
Nash. Ch. A St.L March
186,737
N.O. A Northeast j March
66.103
N.Y.L.Erie AW« February.. 1,139,740
N. Y. Pa. A O. February..1
341,005
N.Y. A New Eng.! March.....
263.934
N. Y. Out. A W. March
143,765
1
91,098
N.Y.Susq.AWest Match
Norfolk A West. 3d wk Apr.
47,789
Shenandoah V. ‘2wksMeh.
26.252
Northern Cent’I March
483.360
Northern Pacific March
j 686,427
Ohio Central
3d wk Apr.
15,107
Ohio A Miss.,
March
;
369,455
Ohio Southern.. February J
43.540
5: ,211
4,485
111,925
145.143
10,462
1,625
143,233
2
185.275
206,819
31,921
1,233,409
386,742
259,471
129,072
71.704
42,839
27,019
1,399,325
328,484
735.64 4
448,937
54 4,474
631,208
573,493
504,398
130,887
129.324
256,093
277,759
620,037
42,272
27,650
1,616,928
195,126
100,403
302,869
234,301
*923.620
208,741
546,258
298,911
78,927
79,776
211,097
4,378,739
52,251
4
2,813
25.737
1,437,01 L
103,315
99,1*0
384,121
201,901
969,489
200,709
714,427
295,880
45.009
86,3o3
251,134
4,874,350
67,710
276,879
385,049
3,368.308
3,098.417
442,966
723,257
741,970
500,678
090,485
645,823
521,601!
235.989
163,400;
148,811
144,459'
12?’, 7*4*6
625,370,
45,163;
581,726
39 8 28'
50.666
91,31(»!
70.275
78,36 L
335,810
41*3*6* 13
1 48,268
318,191
379,126
525,786
eo 4,300
lOO.*14
183,802)
2,190.214; 2,505.740
730,665
720.450;
820,3-7
755,120
230,2*6- j
199 899
79 .,804
793,628
12 0,67o
Broadway
17,250,900
5.067,100
Irving
142,5*3
1
,
360,562
996,105
237,165
056.7 73
216.539
59,767
44,004
211,710
121.135!
119,363!
170,246
188,341
140,969
325.041
336.068
38,58'G!
31,054;
18,938
106,513
312,763
207,405
95,349
279,42 4
190,736
75.578
09.002'.
57,02l!
Georgia Pact... I March
Va. Midland..1 March
;
West. No. Car. March
;
Roch. A Pittsb’g 3d wrk Apr.
Rome Wat. A Og February .!
St. Jo. A West’n. 2d wk Apr.1
Bt.L.AltonAT.H.'3d wk Apr.
356,129!
21,395
93,010
17,018
17,936
68,232!
109,696
21.334
356,000!
22,484;
443,743
Do (Branches)'3d wk Apr.;
13.230
16,5 18;
236,513;
255,301
St. L. F. S. A W !3d wk Ap.\
10,930
145.072
6,431
154,681
St.L.A San I raw 3d wk Apr.'
79,264
79,947 1,250,716 1,312,947
St. Paul A Dm’th 3d wk Apr.
15,660
19,237
259,242
256,568
St.P.Min.A Man.;March
575.377
700,100 1,433.750 1,556,535
South Carolina.. March.....
114,412
355,518!
110,695!
373,594
Texas & N. O
65.075
94.986
January...
65,075
94,986
Tex. A St. Louis. 2d wk Apr.
16,497
17,775
275,284
215.953
Tol. A. A. A N. M. March
25,500
17,879
65,200
47,461
Union Pacific... February
1,56 4,919 1,540,754 3,239,899 3,072.448
Utah Central
140.375
55,306
February..
150,716
75,433;
38.921
Vicksb’gA Mer. March
126.528
114.971
36,498
Vicksb.Sh.APac. March
32,237
S8,133
38.947
9,019;
Wab. St. L A P. IthwkMch
451,675
361,074: 3,773,061 3,895,363
West Jersey
82,403
82.494
218.980
j March
209,407
■Wisconsin Cent’l 2d wk Apr.
29,114
25,527i
390,470
416,746
.
..
.
...
Importers’A Trad.
Pai k
North River
East River
Fourth National..
Central National..
Second National..
Ninth National...
First National
Third National
N. Y. Nat. Exch..
...
Not including earnings of New York Pennsylvania A Ohio road.
•Not including the first six days of January, preceding time when
Receiver took possession.
t Not including Ind. Decatur A Springf. in either year.
2.525.100
2,133.4()(i
3.018.300
1,7 19,000
2,928.000
The
108,200
145,G<)0
929.700
291.200
1.782.700
1.623.100
228,600
185.400
396.200
1,659,000
1,464,000
337.500
3.767.200
13,404,000
19,429.600
510.900
674.700
401.900
377.500
142.200
270.000
3,009.700
5.823.900
4,1 00,600
1,637,000
135.300
179.500
421.800
3,600.000
1,072.800
375.300
4.118.200
6,084,200
3.006.200
307,000
4.393.500
438.200
336,000
0,237,700
1.892.200
23.174,900
1.721.900
1,885.100.) 23,387,4(H)
340,0001
,'-82.00(5
927.4 00
00;
1,257.100! 16,994,600'
618,1. (HP
8.95 9.0001
24 3,000!
3,034.000
395.800
5.178.200
1,160,6001
18,607.300
5.219.200
1.206.500
2.245,000
2,4)0.700
2.534.700
3,984,200!
480,000
261.600
97.200
319,800;
770.200
160.000
209.600
209,1001
122 J 00
699.700
326.100
188.600
134,800!
193,800!
Specie.
$
s,022,300
8,234,700
8,515,200
7,830,500
7,345,600
*•
14
144,786,500! 7,138,100
“
21
“
142,840,000
28
141,427,700,
Mar. 7 141,515,200
“
14 142,669,900
“
21 142,750,2001
“
28 142,07 7,200;
43,282,100)
11 144,091.300
18 144,836,300
25 144 071.900
7,079,000
8,025,700
8,003,900
8,199,100
8,324,500
8,408,400
8.304,000
L.
Tenders.j
Deposits.
it
Feb.
it
It
Mar.
April
t t
it
H)
17
24.
...
31
7....
14
21
2*
r7
21
28
4
11
18.....
26
37.000
45,000
444,400
179*80*6
219.100
180,000
45*666
2,403,300
2,075,200
2,522.400;
180.000
44.500
1,139.000
1,21 1,500
3,833 8‘>0i
1.722.700
178.700
135,000
.”10,152,177
524,875.451
469,540,258
421,422,791
500,880,009
510.205,022
460,053,626
423,037.387
512,245,391
•182,088,774
428,776,688
437,109,555
416,524,824
401,534,492
483,510.488
434,334,72 1
4,571,000
4,088,600
4,276.300
8.459,000
4.335.400
8,280.100
Circulation Agg. Clear'gt
$
$
$
0.45 7,500 101,261,500 23 10 <
0,499,000 102,896,900 23 i*!)5
0,204,200 101,295,200 23 051
')
5,3 i 6,800 98,851,900 \> *76
8,342,300
Loans
14
«*
180,000
297.000
97,489,100
95,431,100
94,869,800
22 9622 810
22 871
95,228,700 22 788
•>*>
549
95,276,800
98,012,400 *.>»> 513
99,633,100 22 432
97,542,600 22 537
99,242,700 22 470
101,632,800 22 585
104.130,500 22 •>2 7
103.058,300 22 532
-The totals of the
$
300
50*'
200
100
400
600
000
700
300
200
900
400
800
!()!)
200
200
09,2*1,590
69,019,080
04,271,530
55,195,027
03,215,010-
58,243,357
50,238,776
54.989,0)4
08,992,403
01,007,114
60,030,07
52,080,028
60,034,493
03,006.681
71,962,030
05,239,783
Philadelphia ban!
&
follows:
1885.
a
45,000
225*666
'Circulation Agg. CUar’gtt
L, Tenders.'. Deposits.
4,807,500
5.171,100
4,831,200
4,989,400
5.010.000
5,219,100
5,074,000
4,476,300
Philadelphia Banks.
Jan.
9*89*90*6
totals for several weeks past:
are
|
211 146,818,000
a-eas
163,566
3.133.700
’
1,838,3001
161.400
392 COO
1
100.4
138.200
260,400!
359,9 aO1
560,000.
4324*66
Banks.—Following are the totals of the Boston banks:
31 146,067,800
Feb .7 1 Hi,086,200
“
45,000
5,400
2.491.400
1.667.4(H)
3.446,< UK
338,000!
5 17,300;
$
“
)
423.000
251,000
188.400
$
Jan.10 U0,2*8,900
17 146.863,800
“
809,000
889,000
781.200
57.900
$
-
730,800
897,200
2.666.900
1.085.300
Specie.
Loans.
Apr. 4
*2*600
486.100
44,300
260.700
232,10ti
80,200
15,000
2,884,000
1.398.900
Loans.
Boston
“
*
381.200
383.700
4
.
“
175,200
3*60*00*6
3
$
S
Jan .10 290 ,153,600 95,177,000 39 ,779,200 349,2 i7,300| 11 .202.000
l 7 295 ,337,800 98,485,600 41 ,094,700 353,726, lOt)! 11 ,311,000
24 i 294 ,317,000 00,909,300)40 ,141,200 351,749,900! 11 ,275,000
31 293 ,746,700 101732000 40 ,224,800 352.343.300 11 ,2*5,300
Feb 7 294 ,647,400) '.05398200 38 191,600 354.418.700 11 .078,100
14 299 ,453,100! 103296800 37 ,574,500; 357.0 U),900 11 ,024,000
21 298 ,231,500 101010000136 ,139,600 352,171,000 10 977,300
28j29S .590,600 101661400 35, ,123,200 35U,607,800 10 907,900
Mar .7'302 ,384,400 103789709 32 027,000, 353,720,400 11 086,500
141303 ,821,800 103715700,32 ,294,400 355,070,200 10 931,100
21 301 .371,400 104620200 31, 870,700 354,291,200 10 977.600
28 300,,981,200 104752800 32 029,900 353,443,900; 10, 899.700
Art •• 4! 302 ,757.100 304481400 30 812,500 352,084,200 10, 053,800
11)302 ,098.000 106055300 30 953,600 354,415,100 10 963,500
18 301 ,963,300 1O7091800 32,186,100' 357.937.300 10, 913.800
25 298 ,343,700 109958400 32,388,200' 356.810.700 10, 910.800
1885.
298.800
587.100
264.500
268,300
333.100
1.139.500
*8*9,600
006.001*
2.991.700
683.300
1.126.600
1,555,400
1,100
261,000
9,697,990
368.800
396.800
2.848.800
2.669.800
1,744,000
1.725.200
2.286.700
1.153.500
448.400
1,022,400
4.930.900
1.136.000
2.439.500
358,500
296.(i0(»
458.200
722.000
1,062.400
1.998.900
1.856.900
2,555,600
4.336.500
1.847.100
1,302.000
1.001,800
2.300, *00
202,000
763.000
$
450,000
20,153,800
71,000
105.800
745,000
2,582,000
7,350,000
2,459,000
4.758.200
16,36*.600
4,661.000
tion.
298,343,700.109958400 32,388,200 356.816,700,10,910,800
following
1885. 1
17,208,700
486.800
173.600
737.400
4.14 0.800
1.357.4(H)
220,600
1.850.200
17,421.3001 7.120.600
17,254,000 5,8 44,100
42.000
1,559,000
217.400
1.100.700
13.295.400 8,305,400
Bowery
Total
1,529,000
125.600
1.297.900
5,(.74,200
N. Y. County
Gt rman-Americ’n.
Chase National...
Fifth Avenue
German Exch’nge.
Germania
United States
Lincoln
G arti eld
i
Fifth National
B’k of the Metrop..
West Side
...
«
7.590.300
2.404,000
..
Citizens’
Nassau
Market
St. Nicholas.
Shoe A Leather..
Corn Exchange
Continental
Oriental
.
Riclim’d ADanv.j March
CI1.C0I. A Aug March
Columbia A Gr. • March
3.356.100
...
145.700
9.835.400
9.744.000
3,375,000
12.837.400
2,251.000
441.100
24 4,900
North America
Hanover
s
1,875,100
1,32 4.000
579.300
3.754.500
1.352.100
Peoples’
9.096.000
1.897.800
5.494.900
6,00 9400
2,374,000
12,183.000
492.000
8.232.800
Republic
Mercantile
Paeilic
1,575,000
926.900
Chatham
Commerce
Circula¬
$
2.622.000
2,292.000
3,070.900
3.407,000
825,000
5,798,000
9.448.900
758.200
1.930.600
237.800
1,572.200
462,564
978,9*0
1,276.625 1,271,023
1,815.158 2,113.144
2! ,923!
297.724
280.952
420,648
970.953
994.950
88.649
28,122
65,995
Oregon .Imp. Co February .[ 212,050 225,133
488.518
445,174
March
Pennsylvania...
3,63‘,374 4,0 >2,627 9,985,596 11,003,593
Peoria Dee.AEv. 3d wk
205,670
231,875
9,303!
Apr.)
16,362
Pliila. A Erie
March
! 260.460' 285,402
690,077
747,t(»7
Pliiia. A Reading March
1,919,502 2,188,144 5,500,513 G.386.286
Do
(’. A Iron! March
1,054,409
914,465 2,868,8 sO 2,850.264
2,621,800
4,8 46.500
1.687.700
1.140,000
1.002,200
State of N. Y
Americ’n Excli’ge.
51,211
4,026.596
1.277.500
14.893.400
2.707.300
1.135.300
3.321.900
11,812.000
84,338
4,350,993
351,765
1,180,079
406,100;
104,350
322,0801
447.946!
560,59 ;
540.0 42!
Fulton
Chemical
Merchants’ Exch.
Gallatin National..
Butchers’A Drov..
Mechanics’ A Tr..
Greenwich
Leather Manuf’rs.
Seventh Ward....
other
than U. S.
Tenders.
7,980.000
4.149.000
835,500
10.226.700 4.664.100
509.000
2,570.000
6.736.700 11,329.500
2,049,700
345.100
Union
America
!
.
Chicago A Alton 3d wk Apr. 157,200 164,027
Chic. Burl. A: Q. I February
1,601,915 1,971,013
Kan. C.
Jan. 1 to Latest Date
Manhattan Co
Merchants'
Mechanics’
11,160.000
8.477,000
0.965,300
[Net Deposits
Legal
Specie.
$
New York
Tradesmen’s
$
Ala. Gt. South’n. March
97,303
96,157
A tell. T. AS. F.. February
1,064,748 1,167.020
Boat. II. T. A W.jod wk Apr.
9,494
8,491
Bur.Ced.R.ANo. 3d wk Apr
54,398
48,438
Canadian Pacific 3d wk Apr
172.000
74,000
Central Iowa
3d wk Apr.
22 231
34,675
Central Pacific.. March
1,472,684
Chesap. A Ohio. 3d wk Meh
05,538
70.428
Eliz.Lex.A B.S 3d wk Mch
12,729
15,367
Clies. O. A S. W. 3d wk Mch
29,155
29,226
Chic. A East Ill
Chic. Mil.A St.P.
Chic. A Northw
Ch.St P.Min.AO.
Chic. A W. Mich
City for the
ending April 25, 1885:
The statement includes the gross
earnings of all railroads from which returns
KL.RClcFAtS
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York
EARNINGS
earnings and the totals from Jan.
given below.
531
Lawful .Honey.
$
$
73,013,054
72,546,288
72,425,350
72.431,244
72,046.300
72,037,286
26,225,804
74.472.677
74,987,741
75,020.901
74,7 61,667
74,264,556
24,055.465
25,139,0 *2
25,759,506
72,742,037
73,389,609
74,355,491
74,282,240
23,-01,083
‘Including the item “due to
0 -at r
Circulation. A j:j. (Jlear'yt
$
$
20,539,294
2 >,653,905
26,895,857
20.722,202
20,429,100
20.204,700
26,099,231
26,412,336
26,449.413
25,031,008
25,038,585
73,002,922
Deposits.*
73,715,331
7,834,993
73,514.802
7,824,435
7.*21.782
7,748,0»8
7,7 t»7,i*77
7.750,194
73,308,599
73,873,238
72,974,906
72,307,009
72,057,482
72,547.270
73.221,273
74,354,483
73,587,796
72.953.918
72,452,733
73,148,024
74,599,820
74,295.191
banks.”
7,718,854
7,740,708
7,697,789
7.623,223
7,683.725
7,667,620
7,690,390
7.705.216
7,690,328
7.69
$
4,438,297
4*5,600,210
43.382,427
36,684.060
43,167,190
39,079,657
4
41,038,753
33.544,105
42,042,465
40.319,799
42,547,084
42,872,782
41,598,134
45,742,859
45,329,304
41.340,164
[Vol. XL.
THE CHRONICLE.
532
QUOTATIONS OF STOCKS AND BONDS. •
Quotations in New York represent the per cent value, whatever the par may be; other quotations are frequently made per share.
The following abbreviations are of ten used, viz : “M.,” for mortgage; “g.,” for gold; “ g’d,” for guaranteed; “ end.,” for endorsed;
for consolidated; “ eonv.,” for convertible ; “ s. f.,” for sinking fund; “ Is g..” for land grant.
Quotations in New York are to Thursday; from other cities, to late mail dates.
GENERAL
Subscriber* will
confer a favor by glvin?
UNITED STATES
4^8,1891
4*38,1891
4s, 1907
4s, 1907
3s, option U. S
6s, Currency, 1895
6s, Currency, 1896
6s, Currency, 1897
6s, Currency, 1898
6s, Currency, 1899
Ask.
Bid.
United States Bonds.
BONDS.
*83-97..Var.
3 885-1901........ Var.
1123s 112%
4*28, coup.,
4s, coup., 1901
reg..Q—F.
reg—J&J
J&J
reg—J&J
reg
J&J
reg
J&J
reg
...Var.
Allegheny Co., 5s, cp.,
48, not loan, 5-10s
10-20s
do
4s,
5-10s..
do
5s,
10-20S
do
5s,
Atlanta, Ga. -7s.
124
127
129
131
133
1913.J&J§
8s
Waterworks
Do.
Augusta, Me.—6s,
1887, mun..F&Ai
99
99
100
101
110
112
110
104
.Various
Augusta, Ga—7s
Austin, Texas—108
SECURITIES.
Alabama—Class “A,” 3 to 5,1906... 87
102
Class “B,” 5s, 1906
85
Class “C,” 4s, 1906
J & J 1063
6s, 10-20, 1900
Arkansas—6s, funded, 1899 ..J&J
12
7s, L. R. & Ft. S. issue, 1900. A & O 12
7s, Memphis & L. R., 1899..A & O 12
7s,L. R. P.B.&N.O., 1900.. A & O 10
7s,Miss.O. & R. Riv.,1900..A & O
2
7s, Ark. Central RR., 1900.A & O
2
7s, Levee of 1871,1900
J &J
California—6s, civil bonds, ’93-95.*
Connecticut—5s, 1897
M & N 103
103
STATE
Baltimore.—
6s, Pitts.&
Connellsv. RR., ’86 J&J
6s, consol., 1890
Q—J
6s, Balt. & O. loan, 1890
Q—J
Q—M
6s, Park, 1890
68, bounty, 1893
M&8
6s,
exempt, 1893... M & 8
do
5s, water, 1894
J&J
6s, 1900
J&J
6s, West. Md. RR.. 1902 ....J&J
6s, Valley RR., 1886
A&O
5s, 1916
M&N
4s, 1920,
J&J
New, reg., 3*23,1904
T&J!
Bangor, Me.—6s. RR.,1890-’94. Var.i
Delaware—6s
J&J^ I
6s, water, 1905
J&Jt
Diet. Col.—Cons. 3-65s,1924, cp.F&A 1135s 11378
1137s
6s, E.& N.A. Railroad, 1894..J&Jf
Consol. 3-65s, 1924, reg
| 1135s
6s. B. & Piscataquis RR.,’99.A&Oi
Funding 5s, 1899
J&Jf 115 116
1147s Bath, Mo.—68,railroad aid
Varl
Perm. imp. 6s, guar., 1891...J&Jt 114*4
Perm. imp. 7s, 1891
J&Jtj 119*2 120*4 5s, 1897, municipal
Belfast, Me.—6s,
Wash.—Fund.loan(Cong.)6s,g.,’92t1
Fund, loan (Leg.) 6s, g..
Market stock, 7s, 1892
Water stock, 7s, 1901
1902 Varl;
i
78,1903
do
J & J
Florida—Consol, gold 6s
*
F&A
J &J
Georgia—6s, 1886
7s, new bonds, 1886
7s, endorsed, 1886
7s, gold bonds, 1890
119*2
railroad aid, ’98.. i
Brooklyn, N.Y.—'
101
104*2 105
104*2
7s, 1890
6s, Water, 1891....
110*2
6s, Water, 1899....
Q—J 102
108
6s, Park, 1921
8s, ”76, ’86
A&O
7s, Park, 1915
Kansas—7s, long
J&J 74
7s, Bridge, 1902—
Louisiana—New con. 7s, 1914..J&J
63*2
7s, Bridge, 1920....
Ex matured couDon
50
48
7s, Kings Co., 1888
Baby bonds, 3s, 1886
F&A 101 102
6s, Kings Co., 1886.
Maine-48, 1888
F&A 111*4 111*2
Buffalo, N. Y.—7s, 1895
War debts assumed, 6s,’89.A& 01
105
110
7s, water, long
Maryland—6s, exempt, 1887... J&J 107 115
6s, Park, 1926
6s, Hospital, 1887-91
J&J
Q—J
Q-J
6s, 1890
6s, 1890
3-65s, 1897
J&J
Massachusetts—5s, gold,’91-94 A&O
5s. gold, 1894.1897
Var.i
107
105
110
114
110
104
104
120
112
115
104
101
114
117
Charleston,
Jersey—6s, 1897-1902—J&J*
J&J*
6s, exempt, 1896
Few York—6s, gold, reg.,
6s, gold, coup., 1887
6s gold, 1891
’87.. .J&J
J & J
m
J&J
A&O
A&O
6s, gold, 1892
6s, gold, 1893
Fo.Carolina—6s, old, 1886-’98..J&J
6s, N C. RR., 1883-5
J & J If
6s,
A & O If
do
6s
do
6s
do
7 coupons off
7 coupons off
J&J
....A&O
6s, funding act of 1866 1900 J&J
6s,
1S68,1898A&0
do
6s, new bonds, 1892-8
J&J
6s
A&O
do
6s, Chatham RR
A&O
6s, special tax, class 1,1893-9A&U
113
115
117
30
160
160
135
135
11
11
18
18
125
110
104
M&St
S.C.—6s,st’k,’76^98..Q-J
25
106
77
121
116
6s, 1898
5s, 1887-89
j
Columbus, Ga.—7s
Covington. Ky.—7-30s,
7-30s, suort
107*4
47*4
Brown consols
Tennessee—6s, unfunded
55
Compromise bonds, 3rl-5-6s, 1912
59*
Settlement, 3s
M&S1
Texas—6s, 1892
M&Sf
7s, gold, 1892-1910
7s, gold, 1904
J&JI
J & P
Vermont—6s, 1890
Virginia—6s, old, 1886-’95
J & J
6s, new bonds, 1886-1895... J & J
6s, consol., 1905
J & J
Os, consols, 1905. ex-coup
J&J
6s, consol., 2d series
J&J
Os, deferred bonds
Tax-receivable coups.,from cons’ls
Do
from 10-40s.
Fundiug bonds, 3s, 1932
J&J
110
120
123
39
39
75
49%
50
4*2
4 )
50
50
CITY SECURITIES.
Albany, N. Y.—Os, long.... Various I 112
7s lone
*
Prioe nominal; no late
:
• 1 ‘>9
98*2
105
6s, 1900
•
-
Lone T-O^rH oitv. v
transactions. 1 Purchaser also pays
v—*v».
123
118
115
90
75
85
97
116
124
106
123
131
118
131
99*2
Vai
122
116
109
102
J&J
J&J
100
A&O
85*4
120
123
120
110
103
99
109
116
126
100
100
117
78, street imp., reg, ’83-86
Var.
115
Portland, Me.—6s, Mun., 1895.Var.i 112*2
121*8 121%
105*2
68, railroad aid, 1907
M&S
114
103
102
114
115
117
103
107
115
100
42
42
42
42
125
112
116
113
105
95
109
122
103
40
40
103
115
107
105
116
112
104
118
125*2 127
00
104
110
116
119
122
132
117
100
85
118
Var’s yrs.
N.H.—6s,’93,RR. J&J I 113*2
Poughkeepsie. N. Y.—7s, water — i 116*4
Portsmouth,
g.,1900-5.J&J t
6s, gold, 1900, water
7 « *o~
mm
118
1913.J&J.
5s, reg. and coup., 1913
J&J.
6s, gold, reg
Var.
7s, water,reg.&cp.,’93-’98...A&0-
loan...J & J
‘-..M & Si
13038 13078
ba! 1885..i
101
101*2 Richmond, Va.—6s, 1884-1914. J&J
130*4 13034
8s, 1886-1909
J&J
11878 119*4
J&J
5s, 1914-15
i...Var.
11878 119*4 Rochester, N.Y.—6s
108*2 109*
7s, water, 1903
J & Ji
105*2 106*2 Rockland, Me.—6s, ’89-99, RR.. F&A
121*2 L22
3t. Joseph, Mo.—Oomp’mise 4s, 1901
115*2 116
St. Louis, Mo.—6s, short
Var.
i
1
m
99
117
126
107
124
132
119
133
140
136
130
129
117* 118
104
115
126
Pittsburg, Pa.—4s, coup.,
Providence, R.I.—5s,
Var.
m
Philadelphia, Pa.—6s, old, reg.J&J 131
6s, new, reg., due 1895 & over. J&J
4s, new
103
M&N1
M&NI
113
117
88, special tax
109*2 110
J&j
•
J.—7s, long
68, long
5s, long
4*23, long
8s
106*« 107
104*2 105*2
102
105
Paterson, N.
Petersburg, Va.—6s
116
105
110
93
114
117
39
39
39
39
123
110
5s, 1909
F&At 114
108*2
Fitchburg, Mass.—6s. ’91,W.L.. J&Ji 111
55* Galveston, Tex.—83,1893-1909 M&3 103
J&D 90
60*4
5s, 1920
Hartford, Ct.—City 6s, var. dates..' 106
Capitol, untax, 6s
i 120
Hartford Town 4*28. untax
f 101
Haverhill, Mass.—6s, 1889... A&Oi 106
35
Houston, Tex.—10s
35
6s, funded
Indianapolis,Tnd.—7-30s,’93-9, J&Ji 111
102
51
Jersey City—6s, water, long, 1895..
114
7s, water, 1899-1902
6*2
78, improvement, 1891-’u4—Var. 105
45
78, Bergen, loag
.T&J 102
Hudson County, 6s, 1905
55
J&J 114
Hudson County 7s, 1891
51*2
JjcO 111
Bayoune City,'7s, long
J&J 103
Lawrence, Mass.—6s, 1894...A& OI 117
•
Var.i
m
7s, 190d.......................J.&J
Orange, N. J.—7s, long
t 115
Oswego, N. Y.—7s, 1897-8-9
i 102
1045a 105*2
Var
Var
loug
'102
105
78, long
Var.i
Var. t 121
7s, water, long
New Bedford,Mass.—6s, 1909. A&Oi 130
111*2
4s
J&Jt
Southern RR. 7-30s. 1906...J&Jt
do
6s, g., 1906
M&N 1
Cur. 6s, 1909....F&At
do
do
Skg. fd. 5s, 1910M&N t
Cleveland, O.—7 s, 1887
Var. ‘
7s, 1894-98
Var
13
13
/102
.'
Newark—6s, long
113
South Park 6s, 1899....
2*2
4*2
do
do
6s, long
114
115
102*2 103*2 N. Brunswick, N. J.—7s, various.. J
6s
1
102% 10278
New Orleans, La.—Premium bo
105*2 106
Consolidated 6s, 1892
Var.
129
131
118*2 119
Newport, Ky.—Water bonds 7-30s..
117*2 118*2 New York City—5s, 1903
113
115
6s, 1887
106*2 107
6s, 1896
6s. 1901
,
7s. 1890
119
116
116
114
7s, 1896
129
7s, 1901
127
140
135
145
143
137
135
Norfolk,Va.—6s,reg.stk,’78-85.. J&J
144
145
88, coup., 1890-93
Var.
109
111
M&N
8s, water, 1901. ^
104
103
Norwich, Ct-5s, 1907
A&Ot
Water Works
class 2
A&O
Dallas, Texas—8s, 1904
W’n N. C. RR.A&O
10s, 1893-96
6s,
do
Wil. C. & R.. A&O
86*2 87*2
Water, 6s. 1900
4s, new, cons., 1910
J & J 108*
109*a Detroit, Mich.—7s, long
Var.t
A&O
68,1919
7s, water, long
Var.i
Ohio6s, 1886
J & J 105
Elizabeth, N. J.—7s, short
Penna.—5s, new. reg., ’92-1902.F&A 118
78, funded, 1880-1905
Var
4s, leg., 1894-1904
F&A 118
7s, consol., 1885-98
A&O
4s, reg., 1912
F&A 112
78, 1905
u
Rhode Isl’d—6s,1893-9, coup.. J &J
Fall River, Mass.—6s, 1904...F& At
South Carolina—6s, Act of March )
4
3*4
5s, 1894, gold
F&A t
23,1869. Non-fundable, 1888.. )
6s,
6s,
I
Nashville, Tenn.—6s, short
5s, new
119*2 120
112*2 114
Var.t
Var.t
Cincinnati, O.— 6s, 1885
6s, 1897...j
7-30s, 1902
106
125
104
126
130
103
124
122
113
111*2 113
Lincoln Park 7s, 1895..
West Park 7s, 1890....
105*2
105*2
102*4
112*2 112*
•••■••
7s, tire loan bonds, 1890....J & J
7s, non-tax bonds
Michigan—7s, 1890
M&N
106
4s. non-taxable...
Minnesota—New 4*28, 1912 ..J&J
107
Chelsea. Mass.—6s, ’97,waterl.F&At
Missouri—6s, 1886
J & J
Chicago, Ill.—7s, 1892-99
Funding bonds, 1894-95
J & J
6s, 1895
Long bonds, ’89-90
J & J
4*28, 1900
Asylum or University, 1892. J & J
3-65s, 1902
Hannibal & St. Jo., 1886
J & J
Cook Co. 7s, 1892
do
do
1887....J & J
Cook Co. 58,1899
109*2
Few Hampshire—5s, 1892
J & J 107*2
118
Cook Co. 4*28, 1900
War loan, 6s, 1892-1894
J&J I 115
West Chicago 5s, 1890 .
War loan, 6s, 1901-1905
J & J 130 132
Few
J & J
8s
Cambridge, Mass.—5s, 1889...A&OI
6s, 1894-96. water loan
J&J 117*9 120
130
6s, 1904, city bonds
J&J * 129
77
106
J & J
Lynchburg, Va.—6s.
118
109
110
113
105
107
ICO
Lynn, Mass.—6s, 1887
F&A I 117*2 104*4
119
Water loan, 6s, 1894-96
J&J
116
M&Nt 114
5s, 1905
100
104*4 Macon, Ga.—7s
100*4
106
Manchester, N.H.—5s, 1885
J&Ji 100
118
115
120
6s, 1894
J&Ji 116
125
J&J 123
6s, 1902
103*4 103*«
104
4s, 1911
109% 110
Memphis, Tenn.—
75
70
109 *
Taxing Dist. of Shelby Co., Tenn.
97
107
Milwaukee, Wis.—5s, 1891...J & Di
108
Var.t 113
7s, 1896-1901
115
7s, water, 1902
J&Ji 48*2 51*2
Mobile, Ala.—3-4-5s, funded..M&N
55
127
130
Montgomery, Ala.—New 3s ..J&J 70
Boston,Mass.—6s,cur,long,1905Vari
6s, currency, 1894
Var
5s, gold, long
Var.i
4*28,1908
A&O
4s, currency, long
J&J
129
! 129
! 110
Louisville, Ky.—7s, longdates. Var.i
.Var.i
7s, short dates
68, long
Var.i
Var.i
68, short
58,1890-1900
M&N
Lowell, Mass.—68,1890, W. L.M&Ni
106
105
101
101
100
100
101
102
100
100
100
100
Ask.
Bid.
City Securities.
Ask.
Bid.
Allegheny, Pa.—5s,cp.,
reg.. Q—M 1125s 1123*
coup.. Q—M 122 122*4
reg... Q—J 122 122*4
coup.. -Q—J 1023s
discovered In these Quotations,
notice of any error
City Securities.
“cons.,’
6s, 1892
5s, loug
5s, 10-20
St. L. Co.—6s, gold, 1905
Currency, 7s, 1887-’88
St. Paul,
117
125*2 126*«
100*4 100*
114*2 115
!114*s
'
'134
106
Var.
Var.
Var.
A&O
Var..
Minn.—6s, long
103
132
100*4 ioo*
75
103*2 104*4
110
107
103
120
120
104
106
7s, long
8s. 1889-96
Var.
Salem, Mass.—6s, long, W. L.A&OI.
5s, 1904, W. L
J&J t
San Francisco—7s, school
Var.
6s, gold,*loug
Savannah funded 5s. consols
Somerville, Mass.—5s, 1895..A&Oi
6s, 1885
...J&Jt
111
122
112
106
124
115
112
127
117
10l*« 103
39
110
91
112
100*2 100*
130
1905..A&Oi
128
1900.M & N i
114
123
124
Wilmington, N.C.—6s
8s, gold, con. on
Worcester, Mass.—6s, 1892...A&Oi
5s, 1905
A&O
4s, 1905
A&O
RAILROAD RONDS.
100
108
114
115
106
105
112
115
118
108
110
112
Springfield, Mass.—6s,
7s, 1903, water loan
Toledo, 0.-7-308, RR.,
8s, 1893-94
A&Oi
Var.i
Washington, D.C.—See Dist. of Col.
140*4 140*2
(Bonds of companies consolidated
icill be found under the consoli¬
dated name.)
Ala. Gt. Southern—1st mort.,
19081
AJb’y & Susq.—1st M., 7s, ’88...J&J|109*2
2d mortgage, 7s, 1885
A&O 101*2 128
Consol, mort., 7s, 1906,guar..A&O 127*2
8i112
Consol, mort., 6s,1906. guar. A&O 111L7b
lllegh. Val.—Gen. M.,73-10s..J&J 1119*2;---East. exten. M., 7s, 1910
A&O ;123 125
Income, 7s, end., 1894
A&Oi 13*21----
accrued interest, j lu London. $ Part being redeemed.
IT Coupons on since ’69
THE
1885.]
Mat 2,
STOCKS AND BONDS—Continued.
GENERAL QUOTATIONS OF
Explanations See Notes at
For
of Quotations.
Head of First Page
A&O
Florence & El Dor’do, lst.7s. A&O
K.C.Topeka&W., 1st M.,7s,g.J&J
4**s,1920
income 7s. A&O
do
108
1107
1124is 125
tliO
111878 119
Louis’a&
do
2d, 7s, 1900 M&N
St.L. Jacks’v.& C., 1st,78,’94. A&O
do 1st guar.(564j,7s,’94A&0
do 2dM. (360), 7a, ’98..J&J
do 2d guar.( 188) 7s,’98.J&J
Chic.& Atlantic—1st, 6s, 1820. M&N
2d. 6s, 1923
F&A
il6*4
116
125
Gen. con. 6s,
new
Bur. & Mo. R., I’d M., 7s,’93.A&0
do
Conv. 8s.’94 ser.J&J f
63
6s
1885..A&G
Sterling, 5s, 1927
J&D
Sterling, 6s, 1895
..M&S
Sterling mort., 6s, g., 1902..M&S
Baltimore & Ohio-6s,
1011*
101
Bur.&Mo.(Nob.),lst,6s,1918.J&J
107
112
1105
nio
1115
.* 120
do
6s, g., 1910. M&N
115
Parkersburg Br., 6s, 1919...A&O
:ii9
Balt, &Pot’c—1st, 6s, g., 1911.J&J *119
let, tunnel,. 68, g., g’d, 1911. A&O 110
Bell’s Gap—l6t, 7s, 1893
J&J 100
1st, 68, 1905
F&A 96
Consol. 6s, 1913
A&O 120
Belvidere Del.—1st,6s,c.,1902. J&I) 101
2d mort., 6s, 1885
M&S 104
3d mort 6s, 1887
F&A 111912
Cons, Os, non-ex..J&J
4s, (Neb.), 1910... J&J
do
do
do
do
117
122
113
121
121
Neb.RR,lst,7s,’96A&0
Om.&
S.W.,lst,8s,J&D
HI. Grand Tr.. 1st. 8s. ’90...A&O
Dixon Peo.& H., 1st, 8s,1889. J&J
Ott. Osw. & Fox R., 8s, 1900. J&J
....
J&J
Mon.—S.F., 6s,’89. J&J
.Consel. mort., 7s, 1893
A&O
Income bonds, 1907
1st, con., Gs, gold, 1934
Bur. C. R.&N.—lst.5s,new,’06.J&D
Cons. 1st &col. tr., 5s, 1934.. A&O
C. Rap.I.F.& N.,1st,6s,1920. A&O
1920.J&J
Chic &Northw.—S.f„lst,7s,’85F&A
Gnnsnl. mort., 7a, 1915
Q—F
Extcn.
I^&A
mort., 7a, 1885
F&A
1885
Consol., gold, 7s, cp., 1902..J&D
1st mort., 7s,
108
951* 96
106
94
104
1100
do
1st, 5s, 1921....A&O
Callfor. Pac.—1st M.,7s, g.,’87. J&J
2d M., 8s, g.,end 0. Pac., ’89.J&J 1100
90
3d M. (guar. C. P.), 6s, 1905. J&J
50
do
do
3s, 1905. J&J
29% 30
California So.—1st, 6s, 1922. ..J&J
Camden & Atl.—1st, 7s, g.,’93..J&J
2d mort., 6s, 1904
A&O 103
Cons. 68, 1911
J&J
Oam.& Bur. Co.—1st M., 6s,’97.F&A
97
9714
Canada So.—1st M.,guar.,1908,J&J
65
68
2d mort., 5s, 1913
M&S 101
102
Carolina Cent.—1st,6s,g.,1920. J&J
85
80
2d, ino., 6s, 1915..
A&O 125
76
Col.&Hock.V.—lstM.,7s.’97. A&O
do
2d M.t 7s, 1892. J&J
Col. & Toledo—1st mort. bonds .. 1109
95*«
96
01iio&W.Va.,lst,s.f.,7s,1910M&N
118
.
tioo
1()8
2d mort
do
7s;i901.M&S
Cumberl.Val.—1st M. ,8s,1904. A&O
121
1100b
i ni
(105% 106**
mort., 7s, 1888, now 2d A&O
Dayt..& West.—IstM.,6s, 1905.J&J
3d
ioo
tl09b
1st mort.,
11)0*4
118
120** 122
127
130
124*2 125
122
124
112
1
Denv.S.P.&Pac.—1st,7s,1905 M&N
Des M. & Ft. D.-1st, 6s, 1905.J&J
incomes
do
1st mort., 6s, on
extension
Det.&B.C.lst,8s,en.M.C.1902M&N
98*6
112*4 Det. L. & North.—1st, 7s, 1907.J&J
Det. Mack.& M.—1st. 6s.1921.A&O
115
114
Land grant, 3*ss, 1911
9538 95 *>8
Income, 1921
97 ~
Dub. & Dak—1st M., 6s, 1919.J&J
97
Dub.&S. City—lst.2dDiv..’94.J&J
9478
Dunk.A.V.&*P.— l8t,78,g..l900J&D
91*6
109
109*2 East Penn.—1st M.,7s, 1888..M&S
100
100*4 E.Tenn.Va.&Ga.—1st, 7s,1900 J&J
let. mort., consol., 5s, 1930 ..J&J
1023*
Income, 6s, 1931
Divisional, 5s, 1930
J&J
10234
E. Tenn. & Ga., 1st, 6s,’83-86.J&J
10234
E.Tenn.& Va..end./6s, 1886.M&N
130
A&O
58,1929
do
A&O
do
debent., 5s,1933.M&N
25-vrs. deb. ftt», 1909
M&N
66
60
20
50
118
1112
70
25
120
114
114
f 1 *9% 120
50
55
Dot.G.Haven&Mil.—Equip.6s,1918
Con. M., 5% till ’84, after 6*.. 1918 1112
112
J&D
do
do
reg
Sinking fund, 6a, 1929
100
70
75
(109
( 104
7s, 1905
J&J 1119 121
Delaware—Mort., 6s, guar. ,’95. J&J 113
95
Del.& Bound B’k—1st, 7s,1905F&A 127
111
1109
Del.Lack.& W.—Conv.7s,1892 J&D
Mort. 7s. 1907
M&S 1*33
130
9158 93
119
Den.& Rio G.—1st, 7s, g.,1900.M&N
50*4 52
1st consol, mort., 7s, 1910
J&J
1293* 130 i
13*4 19%
General
mort.,
A&O
118
5s,
1913
120
i
40
40**
121
122*2 Denv.&R. G.W.-lst, 6s, 1911.M&S
1920.J&J
Dubuque Div., 1st. 6e,
Wis. Val. Div., 1st, 6s,
35
125*4
98*4 99**
Col. Springf.& C.—1st,
117
117*2 Col. & Xenia—1st M„ 7s,1390.M&S no7
1106
107
Conn. & Passump.—M., 7s,’93.A&O tll8*4 118**
90
189
Massawippi, g., 6s, gold, ’89 J&J (102% 103
16*4 16**
117
Conn. Val.—1st M., 5s, 1922
1114
15
20
124
1123
iConn. West.—1st M., 7s, 1900. J&J
116
112*4 112*4 Connecting (Phila.)—1st, 6s ..M&S
70
70*4
1109*4 HO**! Consol.RR.of Vt., 1st, 5s, 1913.J&J
102*4 104 "
129
Cumberland & Penn.—1st mort
1126
101
104
2d mort
1113
113*2
♦
Buff.Pittsb.&West.—68,1921 A&O
32
Pitts. Titusv.& B.—7s, 1896F&A
Oil Creek, IstM., 6s, 1912. A&O
35
Union & Titusv., 1st, 7s,’90. J&J
Warren& Fr’kln,lst,7s,’96F&A 102is
Buft.& Southwest.—6s, 1908..J.&J
IO714
Consol. S. F., 7s, 1900
M&N
Clev.&M. Val.—1st, 7s.g.,’93.F&A
Columbia & Gr.—1st, 6s, 1916. J&J
2d mort., 6s, 1926
A&O
Col. Hock. Val. & Tol — Consol. 5s
115
110
♦
11934
A&O
119*4 119*4 Chic. & Gr. Trunk—1st mort., 1900
Chic.& Mich.L.Sh.—1st, 8s,’89.M&S
i 10334 104
Chic. Mil. & St. Paul—
111234 113
P. du C. Div., 1st, 8s, 1898. F&A
20
21
Bost. Hart.& E.—1st, 7s, 1900. J&J
P. D., 2d M., 7 3-10s, 1898 .F&A
1st mort., 7s, guar
J&J 1118 L18i*
St. P. & Cliic., 7s, g., 1902.... J&J
’92
Boston & Lowell—7s,
A&O 1117*4 1173*
La. C., 1st M., 7s, 1893
J&J
J&J
6s, 1896.
I. & M., 1st M., 7s, 1897
J&J
1071*
1106L
j
New 5s, 1899
J&J |U22% 12312
I’a. & Dak., 1st M., 7s, 1899. J&J
Boston & Maine—7s. 1893-94. J&J
Hast. & Dak., 1st M.,7s, 1910. J&J
H23
1231*
Bost. & Providence—78, 1893.J&J
Chic. & Mil., 1st M.,7s, 1903.J&J
1112
112*4
Bost.&Revere B’li—lst,6s.’97.J&J
1st mort., consol., 7s, 1905..J&J
20
Bradford Bord. & K.— 1st, 6s, 1932
35
1st M., I. & D. Ext., 7s, 1908J&J
Bradf.Bld.& Cuba—lst.6s,1932J&J
1st* M ,6s, S’thwest Di v.l 909.T&.T
BklynBath&C.I.-lst.6s,1912.F&A 65 ,,75
1st M., 5s. La C. & Dav. 1919J&J
Brooklyn Elevated—New bonds...
90
100
So. Minn. 1st 6s, 1910
J&J
Bull. Brad.& P.—Gen.M.7s,’96. J&J
Cliic. & Pac. Div. 6s, 1910 ...J&J
Buft.N.Y.&Erie—1st. 7s, 1916. J&D 128
do
West. Div., 5s,1921. J&J
Buff. N. Y. & Phil.—
Mineral Pt. Div., 5s, 1910...J&J
30
1st, 6s, g., 1921
J&J
Chic. & L. Sup. Div., 5s, 1921 J&J
2d mortgage, 7s, g., 1908...Q—M
Wis. &Minn. £)iv., 5s, 1921
J&J
Gen. M., 6s, 1924
M&S
Term in la 5s, 1914
J&J
Albany—7s, 1892...F&A
6s, 1895
Boat. Ccnc.&
133
101
101*4
102
Chic. & Can.
.
Boston
75
Quincy& Wars’w, 1st, 8s, ’90. J&J 1120*2
Ateh’n & Neb.—1st, 78,1907 M&S
15
So.—1st, 7s, 1 902 A&O
112*2
Chic. & East Til.—1st mort. 6s, 1907
107
J&J
1934
Belief. & Ind. M., 7s, 1899.. J&J
Clev. & Pitts.—4th M., 6s, 1892.J&J
65
N.Mex.&8o.Pac. ,1st,78,1909 A&O 1107 109
132*2
Pleas’t Hill & De Soto, 1st,7s,1907 1119
11914 Chic.Burl.& 0.—Cons.,7s,1903 J&J
Pueblo & Ark.V., 1st, 7s, g.,1903.
Bonds, 5s, 1895
J&D tl003*
963* 97
Sonora, 1st, 7s. 1910, guar.. J&.1
109
5s. 1901
A&O 104
101
Wicliita&S.W.,l8t,7s,g.,gua..l902 11071s
111
HII4
5s, debenture, 1913
M&N
106
Atlanta & Charlotte Air L.—1st,7s
8512
58, 1919, Iowa Div
A&O 9414
Income, 6s
70*2 71i«
4s, 1919;
do
A&O 94*2
Atlantic & Pac.—1st 68,1910 ..J&J
16*4
4s, Denver Div., 1922
F&A 87
Incomes, 1910
J&J 16
73i2
M&S 11173*
4s, plain bonds, 1921
Central Division, old, 6s
do
••••••
121
Mo.R.,lst,7s,1900F&A
Ask.
Cin. Wash. & Balt.—(Continued) —
27*« 30Pf
3d mort., gold. 3s-4s,1931..F&A
12*4
14**
Income 5s, 1931
Reint.n & Hock V 1 st 7s
M&N tioo
Balt. Short L., 1st, 7s, 1900..J&J
Clev. Col. C. & I.—1st, 7s, ’99.M&N
123
Consol, mort., 7s. 1914
J&D
Cons. S. F., 7s. 1914
J&J
118** 122
11221* 1221* Cliic. & Alton—1st M.t 7s, ’93.. J&J
119
ill7
Sterling mort., 6s, g., 1903.. J&J
Bds. Kan. C. line,6s,g.,1903.M&N
Miss.Riv.Bridge, lsL,s.f.,fia, 1912
Atch.ToD.& S.Fe—lst,7s,g.,’99. J&J 1121 1211*
Land grant, 7s, g., 1902
A&O 103 10312
Sinking fund, 8s, 1911
J&D 11171s 118
Guaranteed 7b, 1909 . J&J&A&O (101*4 IOII2!
5s, 1909 (1st mort.)
A&O 1841* 85 I
5b, plain bonds, 1920
M&8 !90i4 901a1
Bid.
Railroad Bonds.
Ask.
Bid.
Railroad Bonds.
Ask.
Bid.
Railroad Bonds.
533
CHRONICLE*
115
105
*
*
•
§114
44%
10*8
46
§92 "
95
1AL
1st, 6s, 1913
J&J
Mass.—6s, g.,1906. .M&S (120*4 120**
Sterling debs., 6s,'je., 1906..M&S U16 ' 119
Ala. Cent.,
130
113
104
Eastern,
99*2
98*4
993*
98*2
City"& Nor.—S.E^. deb.,6s.A&O
M&8
Etizab.Lex.& Big 8.—6s, 1902.M&S
Elmira&W’mspt—1st 6s,1910. J&J
Eliz.
lstmoVt., 6s, 1920
80
85
Escan.&L.Sup., 1st, 6s, 1901.J&J
116*4
Dea M.& Minn’s, 18t.7s.1907.F&A
5s, perpetual*.
1.24
A&O
Iowa Mid., 1st M., 8s, 1900. A&O
J&J 105
Erie & Pittsb.—2d, now 1st
Peninsula, 1st, conv., 7s,’98.M&S
Cons, mort,, 7s, 1898
J&J 111
125
Chic. & Mil., 1st M., 7s, *98.. J&J
102
114
Equipment,
7s,
1900
A&O
Mil. & Mad.,1st, 6s, 1905..M.&S.
Evaiisv. & Crawf.—1st, 7b, ’87. J&J 100
1127*2
128*4
Madison Ext., 1st, 7a, 1911.A&O
Evan8.& T.H.,l8t con.,6s,1921,J&J 104*4
Menominee Ext.,lst,7s,1911 J&D 11263* 127*4
95
Mr. Vernon—1st, 6s
A&O 93
112734
North west. TTn., 1 st,7s, 1917 .M&S
Evausv.T.H.&Chi.—1st, 7s, g.M&N 102
106*2
Winona & St.Pet.—1st,7a,’87. J&J
Fitchburg—5s, 1899
A&O 1110*4 ill
do
2d M., 7s, 1907.M&N 126
112
5s, 1900-01-02
A&O till
101 ">8'102
Oatawissa—Mort., 7s, 1900.. .F&A
Ott. C. F. & St. P., 5s. 1909..M&S
tll9*4 120
115i« ii6
A&O
Cedar F.&Min.—1st, 7s, 1907. J&J
6s, 1897
129*211 29 7«
124
10814 Chic.R.I.&Pac.—6s, 1917,coup. J&J
7s, 1894
A&O tl23%
Cedar R. & Mo.-lst, 7s, ’91...F&A ,108
129^8
f
124
1917,
114**
6s,
reg
J&J
,1233*
Flint
&
P.
1920.A&O
6s,
Marq.—M.
1st mort., 7s, 1916
M&N 100
109
Evton. & col. 5s. 1934.
J&J 108
Cent. Br. U. Pac., lets, 6s, ’95.M&N
Holly W. & M., 1st, 8s, 1901. J&J
1120
Chic.&S. W..lst,7s,guar.,’99.M&N
Ft. Madison & N. W.f 1st 7s, g.,1905
Fund, coupon 7a, 1895
75
76
M&N 106
100
Cliic.St.L.&Pitt.—1st,5s,1932 A&O 100
65
Ft.Worth & Denv. C.—1st, 6s, 1921
Atch.& Pike’s P’k, 1st. 6s, g. M&N
Chic. & Gt. East., 1st, 7s, 93-’95
9112
Frem’t Elk’n& Mo. V.—6s, 1933 A&O iiu% 111
Atch.Col.&Pac.,l8t.(»s,1905Q.—F 91
tl 15
Col.& Ind. C., 1st M.,78,1904. J&J
Gal. Har. & S. A.—
Atch.J.Co.&W.,lst,68,1905.Q,—F 111
do
' 2d M.78,1904.M&N 105
99%
1st, 6s, g., 1910
F&A 99
Cent, of Ga.—1st. cons., 7s, ’93. J&J
1112*2
Un & T,ogansp.,l st, 7s, 1905. A &f)
95
97
7e
2d mort., 7s, 1905
J&D
Certificates of indebtedaess. 6s..
100
Cin. & Chic. A. L., 1886-’90 ....
ioi
§98
West. Div. 1st, 5s, 1931
M&N 9L% 92**
Cent. Iowa—New 1st., 7s , ’99. J&J
ii‘i
111
45
*25
Cliic.St.P.Min.&Om.—Con. 6s, 1930 121
do
2d, 6s, 1931...J&J
Inc. bonds,“ debt certs.”, 7s,A&O
Ch.St.P.&Minn. lst,6s,1918M&N
60
62
Gal.Hous.& Hen.—1st,5s
A&O 105
Eastern Div., 1st, 6s, 1912..A&O
North Wise., 1st 6s, 1930 ...J&J
50
Ills. Div., 1st, Cs, 1912
1883-90
.T&J
119
Georgia—7s,
A&O
118
St Paul&S.City, 1st 6s,1919.A&0
108
6s, 1^*89. .1
J&J 106
Cent’l of N. J.—1st M,7s,1890,F&A §111[117* 119
95*4 95%
1011* Chin, & Tomah.—Scrip, 1905
Georgia
Pacific—1st,
6s,
1922.
J&J
104
7s, conv, 1902, assented. ...M&N
42
99 4 Cliic.& W.Ind.—S.fd. 6s, 1919 M&N
j
2d mort
Consol. M.,7s,1899, assented.Q—J §983*
General mort., 6s, 1932
Q—M 103*2
til
v
107ie 108
Gr. Rap. & Ind.—1st, l.g., g’d, 7s, g.
......
......
.
Adjustment bonds, 7s,
1903M&N
Consol., 7s, gold,1900, ass’d.Q-M
Cent. Ohio—1st M.. 6s, 1890..M&S
Cent. Pac.—1st, 6s, gold,’95-98. J&J
Cal.&Or.
Consol. mort., 7s,
84
55
96
lstM.,6s,g.l900.A&0
C.P.bonds,68,g.,’92 J&J
98
:99
Land grant M., 6s, g., 1890. A&O
West. Pacif., 1st, 6s, g., ’99. .J&J
Col.&A.—Cons.,7s,’95.J&J
2d mort., 7s, 1910
J&J
Cheraw & Dari.—1st M.,8s,’88.A&0
Charl’te
2d mort., 7s
Ches. & Ohio—Pur. money
8eries A, 1908
6s, gold, ser.B,int.def.
6s,currency, int. def..
6s. 1911
fd.,1898
A&O
112**
105*4!
100
101
9978
106
107
108
108
~
78, 1900
3
Consol., gold. 6s. 1912
1101
Cin. I. St. L. & Chic.—Con. 6s, 1920
Cin.& Indiana, 1st M.,7s.’92..T&D 1107
do
2d M.. 7s,’87-9 2. J&J 1105
Indianapolis C.&L., 7s of ’97.. .. 1108
Tnd’apolis & Gin., l st, 7s,’KH.
Cin.
Cin.
613*
1908. M&N
16
1918..J&J
.
.
4&.0
Laf.&Ch.—lsti 7s,g.,190l.M&S
Nortiiern.—1st, 6s, gold, 1920,
91
Cin. Rich. & F. W.—1st,
Cin. Sand’ky & Cl.—6s,
105
100
110
A&O.
61
Ches.O. &S.W.—M. 5-6s, 1911.F&A nnjl.
Cliesbirp—1 QOU.OQ
.TI-.I
Price nominal; no late transactions.
*
973 8
103*4
120
111 3*
111*2
7s, g...J&D
1900..F&A
M&S
78,1887 extended
Coi'Roi. mort., 7s, 1890
T&D
"62" Cin.&Sp.—7s,C.C.C.& I., 1901.A&O
17
7s, guar., L.S.& M.8., i901..A&0
86
70
1 OOlr
Cin. Washington & Balt.—
1st M., guar, 4**s-6s, 1931.M&V
Or! ,nop<-
.
10*11
t Purchaser
,
J& T
1106
1
102
108
106
109
1<>7
109
35
25
notfio 109
1107
1 102 34 103
j 102 103
11033* 104
1110
110
101
~
1st M.,7s, l.g., gold,not
Ex land grant, 1st 7s,
101*4
a
also pays adorned interest.
<*Q
guar. A&O f 115
’09
Gr.B’y W.&St.P.—1st,6s,191 l.F.&A
2d, incomes, 1911...
Gulf Col. & S.
2<1 mort.,
112
104
98
8. Joaquin,
Cal. & Oregon, 1st, 6s, g.,’88.J&J
do
scries B, 6s, 1892 ,
&Dayt.—Consol.5s A&O 1102*4
t
1905
A&O 1116
Cin. H. & I., 1st M., 7s, 1903.J&J 1110*2
5n
Cin & Eastern—1st, 7a, 1896 J&J
26
Cin. Ham.
M&N
Conv. deben. 6s, 1908
Income bonds, 1908
M&N
Am. Dk.& Imp. Co., 5s,1921. J&J
Leh.& Wilke8b.Coal.inc.,’88.M&N
Fe— 1st,
7s,1909 J&J
2d, 6s, 1923
St. Jo.— Con. 6s,
Han. &
A&O
1911.. M&S
100
65
11
104
72**
16
1155s 116
1885.F&A
Ho’st.E.&W. Tex.—1st,7s,’98. M&N
Housatonic—1st M.t 7s,
J&J
3.& Tex.Cen—1st m.,7s,guar. 1891
2d, 6s, 1913
Div., 1st, 7s, g., 1891..T&J
Waco & N. W., 1st, 7s, g.,1903.J&J
Cons, mort., 8s, 1912
.A&O
Waco & N., 8s, 1915
Gen. mort. 6s, 1921
A&O
Hunt. & Br. Top—1st, 7s, ’90..A&O
2d mort., 7s, g., 1895
F&A
West.
A&O
Cons 3d M. 5s. 1895
til. Cent.—1st M.Chic.& 8pr.’98J&J
Middle Div. reg. 5s, 1921... F&A
Sterling, S. F., 5s. g.,
QtorUnrr
t In
iron
1903..A&O
M .del. W.. 1
London,
95
.
w
w
.
.
§35
§73
§74
110
110*4
82*4
(116
112**
87
118
105*8
105
:io3
QQ5 A ArO 7110
....
_
112
4 Coupon oft.B&S
THE CHRONICLE.
534
GENERAL
QUOTATIONS
OF
STOCKS
AND
[VOL. XL.
BONDS—Continued.
Explanation!!/See Notes at Head of First Fage of
For
Quotations.
(
Bid.
Railroad Bonds.
Ask. i
Illinois Central—(Contiuued)—
!
111
Sterling, 5s. 1905
JAD i J109
Cliic. St. L.AN.O —1st con. 7s,’07 | 124%
Railroad Bonds.
j Mexican Central—(Continued) —
i Scrip lOs, 1389
JAJ
™
i Ask.
Bid.
i
92%
j Mexican Nat.—1st, 6s, 1912 ..AAO
Railroad Boxds.
1
Bid.
,
Ask
i Norfolk A Wesl’n-(Confin’d)—
South Side,Va.,lst, 8s,’84-’90. JAJ 1108
j 93
do
2d 3L, 6s.’84-’90.JAJ |1102
19%
i Mich. Cent.—Consol., 7s, 1902 MAN 1 07
do
3d M
6s’86-’90 TAG 'tl02
128
1 Consol. 5s, 1902
Va A Term
£t« 10DD lA-l i1128
4th M
MAN 107
130
ii2
1st M.-on Air Line, 8s, 1890. JAJ ;Hii% 'ilL%
do
on larked 5s IQOO.fAJ I
100%
Air Line, 1st M., 8s, guar...MAN 1109% '110
[ North Carolina—M., 8s. 1888.MAN 104
no
Gd. Riv. V., 1st 8s, guar.,’86.JAJ 1102% 103%! North Penn —2d 7s 1 8**6
if.t\ 125%
;
6s. 1909....
.MAS
Gen. mort., 7s, 1903
129
130
TAJ
1
do
AAO 107
2dinort. debt
5s, coup., 1931
105
MAS ioo
1 5s, reg.*, 1931
Ind. Bl. A W.—1st, pf.,7s, 1900JAJ 110
MAS
! Northeast,,S.C.—1st M.,8s,’99,MAS 126
75
i
73
1st mort., 5-0, 1909
Kalamazoo AS. H., 1st,8s,’90.MAN 1 ids % 109
AAO
2d mort.. 8s, 1899
MAS 124
57
2d mort., 5-6,1909
AAO
J.L.ASag.ist,8s’85,“wli.bds”JAJ *101% :ioi%l Northern, Cal.—1st, 6s, 1907...TAJ j 105%
1
i
Income. 1919
! 102% 1ll‘» LJ.L.ASag.NortliExt 8s ’90.MAN
72
East. Div., 1st mort. 6s,1921. JAD
do
Cons. M.,8s, ’91. .MAS iii.4% 115
3d mort., 6s, 1900
AAO 117%
do
income
do
1 Con. mort., 6s, g., coup., 1900.JAJ j 116%
6s, 1891
MAS tioo
Ind. Dec. ASp.—1st, 7s, 1906. A&3 §78%
Joliet A N.Ind.,lst,7s (guar.M.C.)
.6s, g., reg., 1900
AAO I 114
.:
2d mort., 5s, 1911
—.; Mich. A Ohio—1st,
TAJ
IMort. bds., 5s, 1926, series A JAJ 105
6s, 1923 ..MAN
ioo
11
2d mort., income, 1906
18 i Midd. Uu. A Wat Gap—1st mort..
90
100
:
JAJ
i 104% L04%.
do
series B
Trust. Co. cert
1 l l
|
40
2d mnrt. 5s, qnf|.r N Y 8 A \V”
49
!
113
i Mil L.S.A W.—1st M6s. 1921. MAN
New 1st mort. 6s, funded
105
Northern. N. J .—1st M.’. 6s. ’88'.I AJ it 100
102
113
i
Ind’polis A St.L.— 1st,7s, 1919.Var. 1 110
Midi. Div., 1st, 6s, 1924
lol
JAJ it 6
North. Pac., P. D’O Div.—6s, .MAS. , f 1 00
Ind’apolisA Vin—1st, 7s.1908.FAA till
1st, incomes
,| lol
I'-fcO 1
2d mort.. 6s, g., guar., 1900.MAN 100
1 Mil. A No.—1st, 6s, 1910.... JAD 85
Gen’l 1. g., 1st, 6s. 1921
JAJ 103% 103%;
Int. A Gt.North.—1st,6s,1919.MAN 107
108
1st, 6s, 1884 1913
JAD
104
i
60
67
! Minn. A St. L.—1st M., 1927 JA1) 121
Coup. 6s, 1909
MAS
118
110
Ionia A Lansing—1st 8s, ’89.
tl08%
116
JAJ
i 1 st M., Iowa CityA W., 1909.JAD
Ogd’nsb’gAL.Ch.—1st M. 6s,’97, JAJ '1 102% 103
Iowa CityA West.—1 st,7s,1909MA8 107
99
2d mort., 7s. 1891
102%
JA.T
Sinking fund, 8s. 1890
MAS 11 02
102%
I'a Falls A Sioux C.—1st, 7s,’99 A AO 1120
120%
Southwest. Ext., 1 st,7s, 1910. J AD 113% 113%
Consol, ,6s, 1920
AAO tS2% 82%
90
100
ll/O
Pacific Ext.. 1st. 6s, 1921.. AAO
Jefferson—Hawl’y Br. 7s, ’87..JAJ
2J
21
Income, 3s A 6s 1920
95
1st mort., 7s, 1889
100
JAJ
- Oil in Cent—1st mnrt
i Miss.ATenn.—1st 31., 8s,series “A” 1117% 121
fta IQ hi .TAJ
6*3
fll2
Jeft. Mad. A Ind.—1st, 7s,1906. A AO
93 1
i
Tnenmes 198*1
8s, series “ B”
JAJ
4 V>
1
2d mort., 7s, 1910
JAJ 1114
Mo.K. AT. —Cons. ass.. 1904-6.FAA 106% 108%
1st Ter’l Trust. 6s, 1920
: 60
.TA.T i
Junction (Phil.)—1st,4%s,1907 JAJ
76% 77 |
Consolidated 6s, 1920
JAD
Mineral Div.. inc. 7s. 1921
120
1
2d mort., 6s, 1900
AAO
Consolidated 5s, 1920
59% 59%
JAD
River Div.. 1st. 6s. 1922
MAS;
14
15
Kan. C. Clint’u A Springti-ld—Is,5s
94%
1st, Os, g., 1899. (U. P. S.BrJJAJ
do
2V
i
i%
income,
1922
6s,
K.C.Ft.ScottA G.—1st,7s,1908 JAD i 119
119%
59
60
1 OliioA Miss.—Cons.
2d mort., income, 1911
117
AAO
8.F.7s,’98.JAJ
!
110
Kansas C. Lawr. A So. 1st, 6s. 1909 1109
J
Boonev’e B’ge,7s,guar,1906.MAN
Cons, mort., 7s, ’98
1 A.i j 117%
K.C.St.Jos.A C.B.—M. 7s, 1907. JAJ i 120
120%;
Han. A C. Mo., 1st 7s, g.,’90.MAN 105
2d mort., 7s, 1911
AAO 109%
109% Mo.Pac.—1st mort.,6s,gid,’88, FAA 105
K.C.Spr.AMem.—1st.6s, 1923.MAN 109
1st mort.,Springf.Div.. 1905 MAN 1
100 *
99
Kentucky Central—6s, 1911...JAJ
99% Ohio Southern—1st 6s, 1921...JAD
1 j Consol. 6s, 1920
MAN
90
2d
mort
7s
1891
108
JA.T
Stamped 4s, 1911
JAJ
ou
1«
22L,
-a
4
i
Keokuk ADes M.—lst.5s,guar.A AO 106%
\
Car. B., 1st mort., 6s, tr. ’93..AAO
Old Colony—6s, 1897
FAA 1119% 120
oo
L.Erie A West’ll—1st,6s, 1919. FAA
114
1
QQ5
6a
T <■ I t *118
114%
118%
10
14
Income, 7s, 1899
104
j
7s 1891
\T.trS5 1123V I-**
Tnpmrn*, 7s, 1892
MAS
70
50
55
Sandusky Div., 6s, 1919
FAA
Mobile A O.—1st pref. debentures..
4%s, 1897
JAD 107% 107%
7
do
%
income, 1920
30
1111 % A1 11 o u,
prp.f. debentures
*15
Laf. Bl.A riun.,lst, 6s,1919.MAN
3d pref. debentures
B O F A N B
I V- I
5s 1<» IO
113% 113%
do
13
4th pref. debentures
income, 7s, 1899.
V Bedford RR
7s 1 8Q.L!
1 a. | 1120 *
Lake Shore A Mich. So.—
New mnrtor;ie'p.j 6s, 1927
1 100
.TAD 106%
M.So.AN.I., S.F.,lst,7s,’85.MAN 103%
Collateral trust 6s, 1892
JAJ
FramigliamA Lowell, 1st,5s.’91 1107
107 %
Cleve. A Tol., 1 st M.,7s, ’85.. JAJ 102%
1of
rivarr .t~ t'lt 1
moi
T f. r
*63
d t UJDj JlJ w 1
!‘ 65
d 06(J
i
do
2d M., 7s, 18 86. A AO 102%
107
2d rnort., 7s
Morg’n’s La. ATex.,1st,6s,1920J AJ
Cl. P. A Ash., new 7s, 1892.. A AO 112%
1
1st mort., 7s, 1918
AAO
78% 74
Oregon A Trauscont.—6s, 19 22 M A NT
Buff A E., new bds, M.,7s,’98.AAO 119
r22%: Morris A Essex—1st, 7s, 1914 MAN
144
i Osw.ARome—lstM 7s 1915 MAN 120
Buff. A State L., 7s, 1886....JA.I
2d mort, 7s, 1891
FAA 114%, 11434 Panama—Sterl’gM.. 7s. g. ’97. A AO {109
111
Det. Mon. A To 1., 1 s t ,7s, 1906. F A A
Bonds, 7s, 1900
JAJ
Sinking fund sub., 6s, 1910.MAN
j
.
Kalamazoo Al. A Gr.R.,1st,8s. JAJ 109
L10
122
j
General mort., 7s, 1901
AAO
;ioo 103
Subsidy bonds, Eng. issue, 6s
Kal.A Schoolcraft, 1st, 8s.’87. JAJ
Consol, mort.,7s, 1915
25
..JAD 126% 127
Paris ADec’tT—lstM.,7s,g.,’92..TAJ
Kal.A Wh. Pigeon,1st. 7s,’90..JA.J
111
112
Nashua A Low.—6s, g., 1893.FAA
J Peuna.—Gen. M.,6s, cp., 1910 Q—.1
130
Dividend bonds, 7s. 1899...AAO 120
107
108 j
5s, 1900
Gen’l mort., 6s, re’g.j 1910.. AAO 129
130
L.S.&M. S.,cous.,cp., 1st,7s. JAJ 128 %
j Nashv.Ch.A St.L.—1st, 7s, 1913 JAJ 119% 120 ;
Cons, mort., 6s, reg., 1905..Q—M 12 2
do cons.,reg.,1st,7s, 1900.Q—J 125-A3 127
2d mort., 6s, 1901
JAJ
do
6s. coup., 1905..JAl) 122% 123
do cons., cp., 2d,7s, 1903..JAD
llo%
j
1st, Tenn. A Pac., 6s, 1917...JAJ
Collateral trust, 4%s, 1913 .TAD
do cons.,reg.,2d,7s,1903.JAD
116
j Consul. 5s, 1919
1st, McM. M. W. A A.,68,1917. JAJ 1
JAD 107%
Lawrence—1st mort., 7a,1895.FAA
..1
Nash v. A Decat’r.—lst,7s,1900. JAJ f
Penn. Co., 6s, reg., 1907
Q.—J 107
126
i Natchez J<v*irr A Col —1
/In
Lehigh Val.—1st,6s,coup.,’98.JAD
1
uf
At
A
L«a
IQai'T.C.
1
160
at, 7s 191 n
i-Ot lULtf J:
ID— l.«J 4Yd
1
let mort., 6s, reg., 1898
JAD
125%: Newark A N. Y.—1st, 7s, 1837.JAJ 101
Penn.A N.Y.Can.— 1st. 7s, ’96. JAD 124
2d mort,, 7s, 1910
135 %; New’kB’sotAS.—1st. 7s. g..’89.MAN 100
MAS 135
1st mort., 7s, 1906
JAD 134
Gen. M., s. f., 6s, g., 1923
1 N’burghAN. Y.—1st M. 7s, 1888.JAJ
JAD 127
90
100
Pensacola A Atlantic—1st in...MAS
10
107
L. Miami—Renewal 5s, 1912.. MAN 1105
100 -j Peoria Dec.A
J New Jersey A N. Y.—1st mort
95
Ev.—1st,6s,1920,JAJ
L.RoCkA Ft.S.—lstj.gr.,7s’95. JAJ 109
109% N. J.Southern—1st M.,new 6s. JAJ 1
91
i
Incomes, 1920
Long Island—1st M.. 7s, 1898.MAN 122
j N. Y. A Can.—£ M., 6s, g., 1904.MAN ;ii2 114 ; Evansville Div.,1st 6s,1920.MAS
85
let consol. 5s, 1931
106
Q—J
New York Cen. A Hud.—
do
income, 1920
South Side, 1st, 7s, i 887
102%
t
10.5
MAfc 101%
106% Peo.A Pekin Un.—1st,6s. 1921.Q-F 102
Debtoert., ext. 5s
MAN
Newtowu A FI., 1st, 7s, 1891
M'rirf,
7a enmi
1003
.L6.I
135
92
1
L.I.City A Flushing— 1st, 6s, 1911
Mort., 7s, reg., 1903
JAJ 134% 135 .
Cons. mort.. 6s, 1913, sterling
85%
116
Lou’v.C.A Lex.—1st,7s,’97 JAJ (ex) 115
Debenture 5s, 1901
MAS 102% 103
96
Petersburg -Class A, 1926
JAJ
109
2d mort., 7s, 1907
c...AAu 108
1120
122'
j
Louisville A Nashville.—
N. Y. C.,6s, 1887
JAD l05 %
113 *
Cons. 1st, 7s, lo98
FTnd
R
7s
Oil AT
1 Srt.i
T,t-h
AAO 117
103
M 1 Q *
l-i
Cecilian Br., 7s, 1907
100
90
MAS
77
N.Y.Chic.A
76%
St.L.-lst,6s,192l.JAD
,
|
SunburvAErie, 1st AI.,7s.’97i AAO
Louisville loan, 6s, ’86-’S7..AAO 102
1
2d 6s, 1923.....
MAS
('Iiila.it lioad’s—1st, (is, l'JK. ..I.W 120
Leb.-Knoxv. 6s, 1931
I
MAS 100
N.Y.CitvA No.—Gen’l,6s, 191031 AN
40%
2d, 7s, ’93
;;
AAO 115
Louis. Cm. A Lex., 6s. 1931.MAN 100
Trust Co. receipts
38% 40
Debenture 6a, 1 893
J.v.l
Mem.A 0.,stl., M.,7s, g., 1901 JAD tiis
120 | N. Y. Elevated.—1st M., 1906.JAJ 119% 120
Consol. M. ,7s,1911, reg. A cp. J AI) 122
124
108
1 N. Y. A Greenw’d L.—1st M. inc. 6s
M.AClarksv.,st’g,6s,g.,1902 FAA ;106
25
Consol, mort., 6s, 1911......JAM 110%
N. O. A Mobile. 1st 6s, 1930. JAJ
81% 82
3
6
2d mortgage income
93
1
Improvement mort., 6s, ’97. A AO
do
6 t %
2d, Os, 1930
JAJ
N. Y. A Harlem—7s,coup., 1900.31AN
135%
Geu’l mort., 6s, 1908
,75 1
JAJ
Pensacola Div.,1st,6s, 1920..MAS
82 i N.Y. Lack.A W.—1st. 6s, 1921.JAJ 120% 122
89
25
Convertible, 7s, 1893
IAJ
102
8t. Louis Div.. 1st, (is, 1921..MAS
95
| 2nd, 5s, guar., 1923*
97
FAA
Cans. 5s, 1st series
MAN
| 40
do
52
42
2d., 3s ,1980.MAS
j N.Y. L.E.A W.— lst,7s,’97,ext.3IAN 121%
Cons. 5s, 2d series
19
FAA
20
Nash. A Dec., 1st 7s, 1900...JAJ
1
2d mort. exten., 5s, 1919 ...3lAS
1-08
Conv. adj. scrip, 1888
38
4L
JAJi
E. H. A N., 1st 6s, 1919
107
JAD 106
3d mort. ex. 4%s, 1923
MAS 193% 103%
Gen’l mort., 6s, 1930
TAD
90
90%
105
4tli mort., ext., 5s, 1920.. ..AAO
Deferred income
3%
So. A No. Ala., S. F.,6s, 1910 AAO
94 4
5th mort., 7s, 18.8*8
TAD lo7% lo9
Income mort., cons. 7s, ’96, JAD
3^
j
1st mort., sinking fund, 8s
115
‘
1st eons. M., 7s, g., 1920.....MAS 114
CoalA L, guar.,7s, ’92,ox-ep.MAS
Trust bonds, 6s, 1922
81%
54
(J—M
New 2d cons. 6s, I960
JAD
Phila. Wil. A Balt—6s, 1892.. AAO, 1108
110
70
!
Ten-forty Os, 1921
o7
MAN
Collateral Tr. 6s, 1922
MAN
117
6s, 1900
AAO 115
96
L'ev.N.A.AChic.—1st,6s, 1910. JAJ
1st eons, fund coup., 7s, 1920 31AS
110
5s, 1910
JAD; 1 107% 107 %?:
Gen. mort. 6s, 1914
AAO
-2d cons, f’d cp.,5s, 1969
JAD
Trust certs., 4s, 1921
IA.J; 98 i
Lo’isv.N.O. ATex.—1st,5s, 1934.M AS
90% 90%,
Reorganizat’h 1st lien, 6s, 1908
Pittsb.Bradf.A 3.—1st,6s 1911AAO
75
Maine Cent.—Mort. 7s, 1893...JAJ f 119
121
;!
j Gold income bonds, 6s, 1977
Pittsb.C.A St.L.—1st,7s, 1900.FAA 118%
Exten. bonds, 6s, g., 1900... A AO 1110
112
; Lon a Dock mort., 7s, 1.893...TAD 116
2d rnort., 7s, 1913....’
AAO
Cons. 7s, 1912
122 % N.Y.A N. Eng.—1st
AAO i 121
j Pittsb.Cl.A Tol.— 1st, 6s, 1922. AAO
31., 7s, 1905JAJ 115
106
Androscog. A Ken.,6s, 1891.FAA 1106
107%
1st mort., 6s, 1905
JAJ 107
Pittsb.ACon’Llsv.—lstM. 7s,’98. JAJ 122
123
Leeds A Farm’gt’n, 6s, 1901.JAJ 1108
110
2d mort., 6s, 1902
FAA
i Sterling cons. M., 6s, g., guar.J AJ 1121 j 123
Portl. A K.,Cons. M., 6s, ’95.AAO 110
112
N. Y. N. 11. A II. 1st r. 4s, 1903. JAD i‘09% 110
* Pittsb.Ft. W. A C.—1st,7s, 1912 Var 139%
Man.Beach Imp Jim.,7s, 1909,MAS
81
75
N.Y. Pa. A 0.—1st, inc.,acc.7s, 1905
*28
29
2d mort., 7s, 1912...
,j
JAJ 136 i
N.Y.AMan. Beach. 1st7s.’97,JAJ
do
102
:
prior hen,ine.ac.,5-6s,’95 *99
3d mort., 7s, 1912
AAO 129%j
Marq’tte Ho.A 0.—Mar.A 0.,8s, ’92 1112% 113
2d mort. inc
J
8
Pittsb. A West.—1st mort
:7
57
60
100
9.)
6s, 1968
MAS
3d mort. inc
I
90
13
3%;
Portl’ndAOgb’g—lst6s,g.,1900J AJ
6s, 1923, new
JAD
8 ! %
83
L’sed
63 lj
Vt. div., 1st jit., 6s,g.,1891..MAN j
:«i
!
25
L.rentaltr’st’73,Trus.cer.7s|
Mem.AL.R’ck—1st m<*rt.,8s, 1907. 107
109
West. ext. certifs, 8s, 1876..JAJ
*J0
40
Port Royal A Aug.—1st, 6s, ’99. J AJ
101
105 '
j
120
Memph.A Chari.—1st,7s, 1915.JAJ 114
do
do
40
i Income mort., 6s, 1899
7s, guar. Erie 130
30
50
JAJ
2d mort., /s, extenled
JAJ 115
N.Y.Prov.AB’n—Gen. 7s, 1899. JAJ
1
R e n. A S ’ t o ga— 1 s 17 s, 19 21 c o u. M A X
139 i
1st consol. 7s, 19 lo
IAJ 100
L05
N.Y. Stisq. A W.- 1st. 6s, 1911.JAJ
55
1st, 7s, 1921, reg
1
MANj 138%’
let. cons.. Teun. lien, 7s, 1915 JAJ 112
Debentures 6s 1897
FAA
54 •%
j Rich’d A Aliegh— 1st, 7s, 1920.JAJ i 54
Metrop’u Kiev.—1st, 6s, 190S, JAJ 103% 109
3Iidl’dof N. J.—1st,6s,1910. AAO
84
2d mort., 6s, 1916
85%
.MANj
2d 6s, 1899
MAN
97
Rich’d A Danv.—Gon.,6s,’90..MAsn 109
97%; N.Y. West S. A Buff.—os. 1931. JAJ 29 %| 30
Mexican Cent.—1st, 7s, 1911..JAJ §53
Norf’k AW.—Geu’l 31.,69,1931 31AN
91
General mort., 6s, 1915
j
j
.JAJ! 1023d 102%
!
Incomes
15% 15%
New River 1st 6s, 1932
.AAO
97 %
62 %!
Debenture, 6s, 1927
AAO
Debenture 10 s. 1890-95
AAO1 90% 90%
Norf’k A Petersb.,2d. 8s, ’93. JAJ 112
3
Piedmont
113
AAOi 10)
1
Br., 8s, 1888
♦Price nominal; no late transactions.
t Purchaser also pays accrued iutere.it.
; ru Louden.
$ Coupon off.
2d irmrt,.
f?a, 1007
JAD !
Ten. lien, 7s, 1807
MA’N 1
5s, 1951, gold
JAD
1 102
Miss. CcnT. 2d mort., 8s
N.O. Jack. AGt.N.,lst,8s.\S6 JAJ J 105
do
2d M.,8s,’90,ctfs. AAO 107
j
......
*
1
r
-
......
1
...••
•
......
......
......
+
......
i
>
..
......
••••••
......
......
.
......
.
......
......
*
-
*
*
•
|
—
.
......
•
1
AH
•
IX/ V/ tll«
1
*
......
......
......
......
'
.
......
......
......
.
-
.
•
-
•
•
..
-
-
-
-
-
’
•
VIA/
•••••»
......
......
......
.
.....
-
...
...
J
......
......
......
|
......
......
t
...
......
.
..
..
......
-
-
....
......
!
•
1
......
......
..
......
_
’
I
...
...
-
--
•
Mat 2,
THE CHRONICLE
1885.J
QUOTATIONS
GENERAL
For
Railroad Bonds.
Rich. Fred. A Potomac—Gs,ext.JAJ
Mort, 7s, 1381-90
JA.)
Rich. A Petersb., 8s,’84-’8G...AAO
New mort.. 7s, 1915
MAN
Richmond York Riv. A Clies., 8s...
2d mort., Gs
Roch. & Pitts., 1st, Gfl. 1921..-FAA
Consol. 1st, 6s, ] 922
JAD
do
Equipment, 2d mort., 5s
FAA
8t. Joseph & Pt»c.—lst,7s,1906.JAJ
2d mort., 7s, 1909
JAJ
Kans. A Neb., 1st, 7s, 1906..JAJ
do
2d, 7s, 1906 ..JAJ
flt.L.Alt.AT.H.—1st M., 7s, ’94.JAJ
2d mort., pref.. 7s, 1894
FAA
2d income, 7s, 1894
MAN
MAN
Equipment 7s. 1895
JAD
General mort.. Gs, 1931
Trust bonds, Gs, 1920
8t. L. W. A W., 6s, 1919
JAJ
FAA
MAS
.
j
Southwestcru(Ga.)—Conv.,7s,188G
JAJ
Sunb.Haz.AVV-B.—lst,5s,1928MAN
MAN
Susp.B.AErleJunc.—1st M.,7s
.
110
LOG
..
!
73 V
1105
! 101
991*: loo
104
I
105
Pitts. Br., 1st M.. 6s,’96
„
2d series, 6s, 1911
3d series, 5-6s, 1916
! Wil.A Weldon—8. F., 7s,
g.,
*
00
60
41
.
•
.
^
111
112
114
Lansing A Northern,
do
....
do
com .100
Pref. 100
Dubuque A Sioux City
!
L09
122
108
do
100
do
100
art, 5
50
Pref., 7..50
do
7
50
[auto
50
100
ir.,
]
tte
do
......
do
Jac
do
Wa;
do
5%
Pref
5%
6%
O
5
75
108
60
108V
60
3%
5%
Pref.
100
j
|]
126% 127
106V
106
3V
5%
49%
50
92
91V
*
40
57
10 5
46
108
46
118% 118%
13
14
75V
76
Pref.
RAILROAD STOCKS.
Par.
i03
102
105
87
27
30
’bo"
93^
1033*
102L,
85
100
52i*
48
93 V
IV
is
18
IV
Ala. Gt.
do
do
dcf...
20
o
Atchison Col. A Pacific
Brooklyn A Montauk
5
2
145
L..10C
Pref. ...100
do
72
1
do
115
190
135
125
]
1
179
10
90
1
J
J
|
do
Pref... 50
1
do
Leased line, 4 p. c. 100
do
do
108
I
176 V 4
90
}
179V i
109 V
do
pref.. 100
do
ch Valley
50
.......
4
j
64
j Burlington C. Rapids A North.. 100
20
8
127
80
10
*
127
90
11V
65
80
130
90
129
65
67
92
130
67
67
Pref....10<)
1
1 I
I
4% ill
70
15
3V
Pref... 100
7
100
Gulf. ..100
do
......
2ia
••••••
8V
paid.j
lool
150
10
(
]
*7178
do
Pref
10o:
Buff. N. Y. A Erie, leased
lOOl
BuffaloN. Y. A Philadelphia
do
do
Pref...
,.
Island
43t
59V
5%
5914
3
60
36
>
50
144V 141%
50
$56 Hi
72V 72V
J Cairo A Vincennes, pref
50
50
100
do
c
1
100,
29 V
3o V
3.534
36V
20
50;$5
100
100
100
100
9%
29%
pref. 100
100
50
50
!
4%;
7%;
1st pref... 100
2d pref
100
t Purchaser aUn pays accrued interest,
100
!3
Lawrence
100
j
3
3
do
.100
Pref.
10% 3
15
2
14
3(5 Vi
49
{
56
31
13
100
110
Cheshire, pref
100
130 V 131
Chicago A Alton
100
111 V 112
Chicago A Atlantic
91
Chicago Burlington A Quincy.. 100
50
; Chicago A Canada Southern
8
;Chicago A East Illinois
113
i Chicago A Grand Trunk
108 V
'Chicago Milwaukee A St. Paul. 100
do
9GV
96
Pref.. 7.1 Of)
54
11
82
10
75
lOo
J
3
! 3
50 $ 58
50 § 53
92
do
do
Pref., guar.
35
.100
......
99 V
90
12V
(
(
(
3%
13V
14
u
Albany A Susqueh., Guar., 7...100 132V 132V (
Allegheny Valley
50
|California Pacific
\ Camden A Atlantic
907ft
10
19
South.—Lim., A., 6s,pref..
Lim., B, com
Ala. N. O. A Pac., Ac., pref
Atchison Topeka A Santa Fe..100
67
Atlanta A Charlotte Air Line
8
Atlantic A Pacific
10o
110
Augusta A Savannah,leased... 100 110
100 xL75
Baltimore A Ohio
do
1st pref., 6
100
106
do
2d, pref
Washington Branch
100 190
60
4
Parkorsb urg Branch
100
60
| Boston A Albany
100 17s V
9
Bost. Con. A Montreal., new...100
Sola
89 34
do
Prof., 6... 100
Boston Hoosac Tun. A Western
IV
1
70
Boston A Lowell
100 107%
34
Boston A Maine
100 176
90
! Boston A N. Y. Air-Line, pref
49
'Boston A Providence
100 179
45
Boston Revere Beach A Lynn.. 100 109
55
i Brooklyn Elevated, assessin’t
14
11
Price nominal; no lute transactions.
;126V
110
112
118
76 34
77
4 >
42
123 V 124
101
101
....
«
.
108
’96.JAJ
20
—
Delaware A Bound Brook
100
Delaware Lack. A Western
50
Denver A New Orleans
Denver A Rio Grande
100
Denver A liio Grande Western
Des Moines A Fort Dodge
do
do
Pref..
117
ibo
i Wisconsin Cent.—1st ser., 5s, 1909
2d series, 7s, 1909, if earned
Wis. Valley—1st, 7s, 1909
JAJ
! Worc’r A Nashua—5s, ’93-’95.. Var.
Nash. A Roch.. guar., 5s.’94. A AO
16
100
pref
Danbury A Norwalk
50 \
58
Dayton A Michigan, guar., 3V-.50
x 142
do
Pref., guar., 8.50
107
30
16
3
2V! ?
15
j 36V 3
! 3
j
Central
do
do
lOu
pref.
.
m
t
j
104
|
21
21V
58
36
60
37
14
V
2
V
14 V
"riv
53 V
Pref.
12
0
do
ii
do
Pref.... 100
33
33
8% ,3
§60 V.
j3
|;3
do
:
A St. Louis
100
do
Pref... 100
10%
25
18V
i 121%
1
71
95
97
179 V 180
15
15
89 V 89V
5278
!
j
26V
; j
137V 137V
65
31
31% S3
57
121
30 34
25
11634
1 3
5 %!
4%
56
......
MAS;
MAS]
do
j
105
107
JAJ
112% 112%
7
8V
G111C. St. P.
105
!
Utah So., gen. M. 7s, 1909...JAJ
do extens’n. 1st,7s,1909JAJ
2d mort
3d mort., income
i
95%
129 V 130
!
lOG^ijlO.
V j Wheeling
A L.Erie— 1st, 6s, g., 1910
!
Wilm. Columbia A Augusta, 6s
ibs"
1112
*116%
Utica A Rl’k R—Mort., 7s, ’91. JAJ
Verm’ntA Mass.—Conv. 7s, ’85.JAJ
Guaranteed 5s, 1903
MAN
Vicksb. A Her.—New 1st mort
!
95%
100
Pref., 7.. 100
do
Ask
19% 20
Minn. A Om.,com.. 100
73 V 74V
j
do
pref..100
39
10
100
Chicago A West Michigan
29
Cin. Hamilton A Dayton
100 x9L V 92
78
xOl v
78V
*
do
Pref
71
72
Cin. Indianap. St. Louis A Chic.100
*78
95
75
Cincinnati A Milford
25
50
N. O. A Tex. Pac
100
......j Cincinnati
10% 10V
Cin. Sandusky A Cleveland
50
(
53
do
Pref., 6.50 x52
1
2
Cin. Washington A Balt
100
1
1%
do
pref.. 100
75
25
SO
30
Clev. Col. Cin. A Indianapolis.. 100
iioo
140
Clev. A Pittsburgh, guar., 7
50 140
105
107
V
IV
j Col. Cldc. A Indiana Central...100
91V
Columbus A Xenia, guar., 8
50 150
Col. Hock. Val. A Tol
100
Columbia A Greenville
100
20
20
do
Pref.... 100
1*0*1
Concord
50 107% 107V
82
120
Concord A Portsmouth,guar. ,7 100 115
76 V
60
77
A Passumpsie
100
10834 1UV
170V
River
100 170
6 Jc.
65o.
106
116
124
108
108
111
End., 1st, 6s, 1890
JAJ
1st mort., Gs, 1890
JAJ
End., 2d mort., 6s, 1895
JAJ
2d mort., pref., 6s, 1895
JAJ
2d, end. Wash. Co., 6s, 1890 JAJ
3d, eud., 6s, 1900
JAJ
West’nPeim.—1st M., 6s, ’93..AAO
.
..
MAN
Chicago A North Western
|
.
•
Quincy Mo. A P.,lst,6s, guar. 1909
Cairo Div.. 5s, 1931
JAJ
Con3. mort.,7s,1907,con.,...Q—F
1st. St. L. div., Vs, 1889
FAA
Gt. West., Ill.,1st, 7s, ’88
FAA
do
2d, 7s,’93....MAN
do
Pref
Canada Southern
113
Canadian Pacific
Sterling mort., 6s, 1894
MAS till
120
do
Catawissa
6s, 1901
MAS ;ii8
Cam. A Arab.,mort., 6s, ’89.MAN 112
do
1st pref
;
€Jnion Pacific¬
2d pref
do
ist mort., 6s, gold., 1896-’99.JAJ 11414 114V Cedar Falls A Minnesota
Land Grant, 7s, 1887-9
AAO 10514
I Central of Georgia
Sink. F., 8s. 18113
MAS 1181* 120
;Central Iowa
118
119
1st pref
do
V
MAS,
Reg. 8s, 1893
117
Om. Bridge, eterl. 8s, g., ’9G.AAO';117
120
do
2dp*ref
•Collateral trust, 6s, 1908
Central Massachusetts
JAJ 10IV
do
do
5s, 1907;
JAD
Kans. Pac., 1st, 6s, 1895
Central of New Jersey
FAA
do 1st M., 6s, 1896
Central Ohio
JAD mv
do
Dcnv. Div., 6s
Pref
do
MAN llibli1
do 1st cons. M.,6s, 1919 MAN 109
100%
Oregon Short-L., 6s, 1922
FAA
Utah Cen.—1st M., Gs, g.,1890.JAJ
JAD
JAJ
Detroit I>iv., 6s, 1921
j
106 V
102
100
126
55
Tex. Cent.— lst,sk.fd.,7s,1909MAN
55
1st mort., 7s, 1911
MAN
Texas A New Orleans—1st,7s.FAA
78
Sabine Div., 1st, 6s, 1912...MAS
Texas A Pac.—1st, 6s, g.1905 MAS 106%
Consol, mort., 6s, gold, 1905. JAD j IT 72
32
Inc. and land gr., reg., 1915. July
Land grant, incomes, 1920
Mo. A Ark. Div., 1st, 6s
1911
Tol. Cm. A St. Louis—1st mort..
Income
Tol.Del’sA B.—1st main, 6s, 1910
do
main line, iuc, 6s, 1910
do
1st Dayton div.,6s, 1910
do
Day. Div., iuc., 6s, 1910
1st terminal trust, 6s, 1910
United Co’s N.J.—Cons.,6s,’94.AAO
i
......
108
72 %]
Indianap. Div., 6s, 1921
nan. A Naples, 1st, 7s, ’83. MAN
Ill.A S.Ia.,1st, 6s, 1912
FAA
8t.L.K.C. AN. (r.est.A R.),7s.MAS
do Om.Div.,lst7s,1919.AAO
{
do Clar. Br., 6s, 1919.. FAA
do No. Mo., 1st, 1895...JAJ
do St. Ciia’s Bridge Gs, 1908
Wab. Fund. 1907-Var. 7s. FAA
do
Various 6s
FAA
Warren (N.J.)—2d,7s, 1900 ..AAO
W. Jersey A At. 1st M.,6sl910MAS
West Jersey—1st, 6s, 1896
JAJ
1st mort., 7s, 1899
AAO
Consol, mort., 6s, 1909
AAO
West’n Ala.—1st M., 8s. ’88.. .AAO
2d mort., 8s, guar., ’90
AAO
Western Maryland—
l
115
U1
Gen.. 6s, 1920
JAD
Chic. Div., 5s, 1910 gold
JAJ
Havana Div., 6s, 1910
JAJ
Tol. P. A West., 1st 7s, 1917.
t
Iowa Div., 6s, 1921
MAS\
Q’ncy A Tol., 1st, 7s,’90
*30 |
......
Syr.Bing.AN.Y.—consol.7s,’06 AAO
1st (RioGr. Div.), 6s, 1930..FAA
do
ex Aug. coup.
Gen’l mort.A term’l 6s, 1905AAO
N.O. Pac., 1st. 6s,gold, 1920.JAJ
Texas A St. Louis—1st,6s, 1910 JAD
!
|
.....J
,
So. Carolina—1stM.,6s,1920..AAO
2d mort., 6s, 1931
JAJ
Income 6s, 1931
So. Cen. (N.Y.)—Consol, mort., 5s..
So.Pac.Cal.—1st, 6s, g., 1905-12 AAO
So. Pac.,Ariz.—1st,6s,1909-10.JAJ
So. Pac.. N. M.—1st, 6s, 1911 .JAJ
j
V
i.
110
98
25 V
114
13
At. A Gulf, cons. 7s, 1897
JAJ,
1st mortgage, 7s
JAJ
S.Ga.A Fla., 1st M. 7s. 1899, MAN 1115'
50
Soioto Val.—1st, 7s. sink’g fd.. JAJ
2d mort.,7s, sink’g fd
AAO
35
Consoles, 1910
JAJ
2d mort., 6s, 1938
!
118
50
110
novim v
113% U3V
Sandusky Mansf.A X.—1st, 7s, 1902
ShenandoanVal. -l8t.7s.l909.JAJ
General mort., 6s, 1921
AAO
Sioux C. A Pac., 1st M., 6s,’98.JAJ
j
!
77V
ll’L-
Dak. Ext.. 6s. 1910
MAN
1st cousol. 6s, 1933
JAJ
Minn’s U’n, list, 6s, 1922 ....JAJ
Summit Br.—1st, 7s, 1903
1}
118
100
1 LOS
103
8t.L. Valid. AT. H.—l stM.,7s,’97.JA.I
2d mold., 7s, 189S
MAN
2d. 7s,guar., ’98
MAN
St. P. A Duluth—1st, 5s, 1931.FAA
St.P.Minn.A Man.—1st 7s,1909 JAJ
2d 6s, 1909
A AO
Savannah Florida A West.—
i;
Bid.
Railroad Stocks.
5th
74
34 V
103
m
Ask.
53
series, 3-4-5s, 1921
MAS3
937e
series, 5s, 1926
MAS>
50
I
57
Incomes, cumulative
Wabash—1st, ext., 7s, ’90, ex.FAA 106 V 103
70
Mort., 7s, 1879-1909
AAO)
2d mort., 7s, ext. 1893, ex..MAN
91
95
30
Equipment 7s, 1883
MAN
ill
49
Bid.
Railroad Stocks.
4th
jM
m
BONDS—Continued.
of First Page of Quotations.
Virginia Midland—(Continued)—
"
49
Bellev.&S.Ill.,lst,S.F.8s,’96.AAO
do
class C, 1906
MAN
South Pacific.—1st M. 18S8 .JAJ
Pierre C. A O. 1st, 6s
FAA
12*0
113
Div. bonds, 1894
2d M., class B, 1906
118
110
93
45
109
109
7 i
33
1 102 34
t77
115
49
1U6
MAN
8t. Louis A T. Mt.—1st, 7s. ’92,FAA
2d mort., 7s, g., 1897
MAN
Ark. Br. 1. gr., M„ 7s, g., ’95.J&D
Cairo Ark. A T.,lst,7s.g.,’97.JAD
Cairo A Ful., lst,l.g.,7s,g.,’91.JAJ
Gen. con. r’y A 1. g., 5s,1931AAO
i0t. Louis A San Francisco—
2d mort., class A, 1S0G
MAN
Ask.j!
ro
t O
Income 7s, 1932
Sutlanu—1st M., 6s, 1902
Bid.
108
RomeWat’nAO.—S. F. ,7s, 1891 .JA1>
2d mort., 7s, 1892
JAJ
Consol., 1st ex. 5s, 1922
AAO
STOCKS AND
Explanations See Notes at Head,
1
income. 1921
OF
535
72
15
95
3
6
|j!
l I
iar., 7
5o
A St, Louis
25
26V
18%
95 V
V
122
36
150
71% |2
i
61
12
31
151
(U
fluLouloa.
$ Quotations
per
share.'
;
% Coupon off.
THE CHRONICLE
536
GENERAL
"BuTsTaOKsT
Dei. & H.—7s. ’91. JAJ
1st ext., 1891. .MAN
Continued.
j
Newb. Dutch. & C., pf.
New Jersey & N. Y —
Corn). 7s. 1894. A AO
1st Pa.D.cp.,7s,MAS
Lehigh Navigation-
I
Pref.
do
113
113
115
131
115
1%
5
4
L98
do
Pref. 100
N. Y. & Harlem ....50
N.Y.L.AW.,guar.5.100
N.Y.L.ErieA West. 100
Schuylkill Nav.—
1st M.,6s, 1897.Q-M
2d M.,0s, 1907..J&J
!
| Mort. Os, cp., ’95 JAJ
2 L
22
2
N.England. 100
N.Y.NILA Hartf.lCO 1S9
7
N.Y. Ont. A West.. 100
N.Y. A
189
83
Penn.—6s, coup., 1910
;
100
50
Phila. A Erie
Phila. & Reading...50
Pref. ...50
do
Phila. Wilm.A Balt.50
Pitts. Cin.-A St. L. .50
Pitts. A Con., l’sed.50
do
Pref....
Pitts. Ft. W. A C.,guar. 7
Pittsburg A Western..
Port.Saeo &Ports,lsd 6
Port Royal A Augusta
§19
15k
03
8
129
5
119%
!
2o
16
63 k
Guar. 7.100
6..
do
Richmond A P’b’g.100
Rich. & West Point
Riohmond York R. A C.
Rochester & Pitts. 100
Rome W. A Ogd... 100
129
12*6*
Rutland
100
do
Pref., 7.. 100
8t. Joseph A
Western.
Bfc.Louis Alt. & T. H. 100
do
Pref. 100
Bt. Louis & San Fr.100
P/ef.. ..100
do
lstpref.100
Bfc.L. Van. & 1. H
Bt. Paul A Duluth. 100
do
Pref.100
do
Bt.P.Miun. & Man.100
Boioto Valley
Beab’d & RoanokelOO
do
Guar.. 100
South Carolina.... 100
Bo. A No. Alabama—
S' west., Ga.. g’d, 7.100
130
117
77
21k
22 k
*
"2%
2k
18
18k
17
81
17
30
80
10
75
88
60
62
j j Colombia A Pan... 100
!'Continental
{Currier Tel. Bell
6s,btAcar,1913MAN
7s,btAcar,1915MAlS
;! Blanchard
Deb’nt’re,7s,’88AAO
8tig, 7s,g.,1885 AAO
11
3k
42 k
•
*
•
Brookline (Mass.)L’d5
Canton Co. (Balt.). 100
Cin.H.A D.,pool ct.,gu.
Cov. A Cin. Bridge, pf,
Keeley Motor
Maverick Land.... 10
N.E.Mtg.SecurJBost.,
N. Hampshire Land 25
N.Y.A Tex.Ld.,Lim. 50
Land scrip
No. Riv., cous.lOO p.c.
Oregon Improvement.
Oregon Ry. AN.Co.100
8lk
15
COAL
32
&
9
Wisconsin Central.
Pref.
Worc’ter&Nashua. 100
do
118
2k
47
44
95%
95
190
180
7
5
1%
1
90
25c.
15c.
140
135
55
11
8
27
27
74% 75
§45
§ 39
112
12
20
82
41
L16
{12
117
97
45
100
60
25c.
110
10 k
Del. ruv.—««. mu
.T*.i
78
13
13k
56
45
2
mortgage....
80
20
Franklin
100
Gold A Stook
25
Bonds
Harlem Dist. Tel. Co
Manhattan Telegraph
Mexican
100
WntUH) Un'no.... 100
40
50
70
35c
118
11
5
Swan Incandescent...
9
STOCKS, N.Y.
107
205
310
385
101
120
110
Metropolitan.
20
10
Leadville Consol.... 10
Little Chief
50
Elephant
Robinson Consol..
Red
105
Sierra Nevada
115
Broadway A 7th Av.
1st mort., 7s, 1884..
Broadway (Bklyn.)
Brooklyn City
1st niort., 5s, 1902..
Brooklyn Crosstown..
1st mort., 7s, 1888..
BushwickAv. (Bklyn.)
Central Crosstown..
1st mort., 6s, 1922..
Central Pk.N A E.Riv.
Consol. M., 7s, 1902.
Eighth Avenue....
Scrip 6s, 1914...
42d A Grand St. F’y..
l8tmort., 7s, 1893..
Houst.W.St. A Pav. F’y
1st mort., 7s, 1894..
Second Avenue
1st mort., 5s, 1910..
Cousol. 7s, 1888...
..,
1890
1890..
Tweuty-Third St..
1893..
25
57
GAS STOCKS.
Balt. Consol. Gas...
53
3
95
East Boston
South Boston.
Silver Cliff
1
10
50
100
50
1
Spring Valley
100
Standard
Union Consol
1-85
•/5
•02
•06
2*55
2-00
......
•04
•10
2*80
•15
1*50
•30
•28
•50
•80
•32
•80
•90
1-00
•40
•53
•90
•80
1*50
•20
6'50
•21
8*00
5-00
•09
100
•08
•02
1*38
•50
6-oO
•24
1-20
•10
•35
•40
•40
110
•09
•27
•21
•23
-60
1-00
•60
•55
•04
•01
•30
*85
T
1-15
•80
•07
•04
*40
110
*
*1*0*5
115
•50
BOSTON MINING
25
112
169
105
218
214
108
163
105
162
155
110
141
121
134
110
190
114
104
240
105
250
112
110
111
18 L
105
105
250
110
291
111
195
112
54
715
33
25k
113k
172
106
22*6
123
170
„
Newtou A Wat’n
..
130
Metronenran. R’klvu.
aooruod interest.
Copper Falls
Franklin
50
....25
25
25
25
25
25
Osceola
Pewabic
142
123
137
116
193
Quincy.
25
Silver Islet
25
105
265
108
260
117
150
Huron
Minnesota
National
25
Ridge
MAN UFACT’ING
STOCKS.
Am. Linen (Fall Riv.)
83
97
128
102
xl25
83
91
..
160
19c.
Bates (Me.)
Boo tt Cot. (Mass.)
100
1000
Border City Mfg. (F.R.)
*6%
30c.
8
3 lk
50c.
410
Fall Riv. Iron W. .100
F. R. Machine Co.. 100
130
F. R. Merino Co... 100
Flint Mills (F. R.) 100
172
85
Franklin (Me.)
100
97k Gl’be Y.MillsiF.R.) 100
123 k Grani te (F. R.).... 1000
103
Great Falls (N. H.)100
127
Hamilton (Mass.) 1000
85
Hartf. Carpet (Ct.)lOO
96
Hill (Me)
100
32
6O0.
500
100 k
1900
122
985
100k
99
80
Chace
Dwight (Mass.). ..500
Everett (Mass.)... 100
8k
122 k 125
1475
1460
100
90
Boston Co.(Mass.)1000 970
Boston Belting.... 100 xl.30
Boat. Duck (Mass.)700 800
X In London.
20o.
6k
(Fall Riv.) .100
Chicopee (Mass.) ..100 1.2*3
Cocheco (N.H.)....500 475
8
Collins Co. (Conn.).. 10
67 k
54% Continental (Me.). 100
720
Cres’t Mills (F. R.) 100
150%
7
161
20o.
Amory (N. H.)
100 100
Amoskeag (N.H.) 1000 1890
Androscog’n (Me.). 100 120
Appleton (Mass.). 1000 975
Atlantio (Mass.)... 100 100
113k Barnard Mfg. (F.R.)..
185
105 k
106
290
115
233
113
208
114
6k
25
Central
33% Crystal Spr. B1.(F.R.).
95
Davol Mills (F. R.) 100
101k 1C2
Dougl’s Axe (Mas8)100
101
33
26
10
Catalpa Silver
112k
116k
50o.
25
25
Atlantic
Brunsw’k Antimony.5
Calumet A Hecia...25
112
175
1L2
167
160
96k 93
93k 100
130
130k
t Purchaser also pays
42
STOCKS.§
mort., 7s. 1900..
1st mort., 7e,
100
Potosi
Allouez
24%
Sixth Avenue
1st mort., 7s,
Third Avenue
1st mort., 78,
10
Ophir...
Rappahanock
HORSE BUS.
1st
100
Iron Silver
Lacrosse
N.Y. A BE
150
1L5
210
485
325
465
Christopher A 1 Oth St.
Bonds, 7s, 1898.
102k
110
41k
..
LittUPUts..,
Mexican G. A Silv.100
Navalo ...
100
TRUST .CO.’S
5k
25
72
Dunkin
Eureka Consol.... 100
Father De Smet
100
Gold Stripe
Good8haw
100
Gould A Curry S..100
Green Mountain.... 10
Hale A Norcross. .103
Independence
j Edison European
40
100
100
I Consol. Pacific
I!Consol. Virginia...100
': Crown Point
100
Illuminating..
Receivers’ certs.
? Prioe nominal; no Into transactions.
iEdison
30
38
50
Chrysolite
] Cliollar
Light.
1st M., consol.7s,
Scrip Os, 1914...
American Rapid...
Atlantio A Pacific..25
Bank’s A Merch’ts. 100
General mortgage...
Baltimore A Ohio.
Coat. A So. Am. Cable
lk
100
10<
100
...100
Caledonia B. H—10U
California
100
'
1%
12k Co.umercial Tel. Co..
22
Preferred
CANAL BONDS.
Chesap. & Delaware—
1st mort., 6s, ’86 JAJ
Ches.AO.—6s, ’70.Q.-J
35
100
Illuminat’g 100
I Daft
I Edison
56k
'56%
Tel... 100
Amorican Tel. A Cable
1st
23“
Baxter
5%
5%
2%
2k
4%
5k
Mahoning Coal A RR.
Marip’sa L.AM.CallOO
2k
3
23
100
10
Alta Montana
Amie
Barcelona
Bassiek
Bechtel
Belle Isle
Bodie
Bulwer
United States
United States HI. Co..
STOCKS, N.Y.
Amur. Dist.
(N. Y. A SAN. FRAN.)
i3*: Alice
100
Consol. Electric
MINING
Colorado Coal A 1.100
Consol.Coal of Md.100
Hoinestake Min’g.100
Leh. A Wilkesb. Coal
05
GOLD A SILVER
MINING STOCKS§
ELECTRIC
Cent.Arizona Min.100
89
^liWash’ton City G. L.20
Sawyer-Mann Ill. Co..
{98
19
i
San Francisco G. L
,,
LIGHT STOCKS.
Brush
Brush
72k
35*6“
50 §340"
$96 100
Laclede, St. Louis.100
-0* • **
27 k
Tropical
10
IW. I. Telcgr. A Tele. 10
82%
112k
93
115
120
70%
Carondelet,St.Louis 50
■Southern Bell
119
20
17
81
2% IN. Orleans G. L. ..100
iEdison Isolated
116
195
2d pref. certificates.
St. Louis Tunnel RR..
St. Louis Transfer Co.
Stand. Water Meter...
Sutro Tunnel
10
Union St’k Yds.ATr.Co
45
{Southern N. England.
02
60
90
112
124
Equitable, N. Y
;Mutual of N. W...100
*j
1%
New York A Penn
85
99
“93”
ij3t. Louis G. L
j Mcxicau Central
TIISC’LLANEOUS
10
Boston WaterPower..
100
Solenoid
181
30
145
'Central of N. Y
50
Consolidated, N.Y.100
203
135
130
182
33
123
.
People’s, Jersey C
JN. Y. State Overland.
Peoples
{Peoples (N. E.)
102
Coke
|! Portland, Mo., G. L.50
| Metropolitan
-
122
Louisville G. L
lk
| Molecular
.— •
New England...
ekMMew Yorx A N. J
1st, 7e,g.. 1929.AAO {117
Boston Land
120
1%
—
St. L. Bridge A Tun
Aspinwall Land.... 10
202
i Mexican...
--
106
116
1105% 106
Pacific Mail SS. Co.100
Pullm’n Palace CarlOO
3
18% St.Louis B’dge?lstprei
5
Warr’n(N.J.),l’s’d,7.50 *118
illO
Inter-Continental
!
..
Westch. A Piiila.,pf.50
West Jersey
50
West Jersey & Atlantic
Western Maryland..
Wil. Columbia* Aug
Wilm. & Weldon, 7.100
113
21
82k 1 Hudson River
...
Wab. St. L. & Pac.lOO
do
Pref.100
55
;
{Globe
119
{Chicago G.A Coke.IOC
| Cincinnati G. A
10
6'5
Dulbeu’
East Tennessee
Eric
50
do
pref.100
Maryland Coal.... 100
Byr. Bing. A N. Y.100
5%
13
13% New Central Coal.
5%
Summit Branch,Pa.50
20
100
90
20
Ontario Sil. Min’g.100
Terre H. A lnd’nap.50
Texas A N. O
100
Pennsylvania Coal.50 22 3
"5*
*4
10
10% Quicksilver Min’g.100
Texas & Pacilic
100
22 k 27
do
pref.
Texas & St. L. in Texas
do
In Mo. & Ark.
4o.
5c. EXPRESS ST’CKS
ToL Cin. A St. Louis
142
Adams
100 137
U. N.J. RR AC. Co.100 §196k
93k 95
American
100
49
k
49%
Union Pacific
100
53
52
100
United States
Utah Central
100
110
109
Wells,
Fargo
A
Co.100
Vt.A Mass.,Psed.6.100 130% L30%
4
TEL’PH STOCKS
Yioksb. & Meridiau ...
AND BONDS.
do
pref...
Virginia Midland, com.
i
4
j
i
STOCKS.
STOCKS.
Amer. Bank Note Co..
*39
36
Ports.Gt.F.& Cou.lOo
133
Prov. <fe Worc’ster.100 131
143
Kens. A Saratoga.. 100 143
Rich. A Alleg., stock
48k 51
Richmond ADanv.100
67
Rich. F. A P., com. 100
do
do
i!Nassau, Brooklyn ..25
70 ki;
'
j 1 Hartford, Ct., G. L..25
58-kl 587eM Jersey C.A Hobok’n 20
83
do
Pref
Susq.—6s,cp.,1918JAJ
N. Y. Penn. A Ohio ...!
do
7s, coup., 1902.. JAJ
Pref.j
N.Y. Prov. A Bost.lOOi
CANAL STOCKS.
2k
N.Y. 8usq. A Western.
Del. A Hudson
100
Ok
5%
do
Pref.,
Del. Div. leased, 8..50
4
N.Y. West Shore & B..
Lehigh Navigation..50 42k
15
Norf.A West,, com. 100
Morris, guar., 4
100 5 ...
20
18
do
pref. 100
do pf., guar.l0..100
63’k Oik I
No. Pennsylvania..50
Pennsylvania
5(J
01
Northern Central... 50
Schuylkill Nav
50
115
114k
llamp.lOO
North’n N.
do
do pref.50
18
17k
North’n Pac.,com.l00
50
40 k Susquehanna
40
do
Pref. 100
101%
10114
MISC’LLANEOUS
Norw. A Worcester. 100
9
9%:
BONDS.
Ogd. & L. Champ. 100
1100
k
A Balt. Gas Light 6s
Unlo Central
100
Ilk 12k Oanton(Balt.)— £ 6s,g.,
Ohio & Miss
100
Mort. 6s,g.,1904 J AJ 102
do
Pref. 100
9k
Ok
Un. RR.,lst, end.,Gs.
Ohio Southern
100
159%
do 2d,end. Os,g.MAN 110
Old Colony
100 159
0
00
15
Col.CoalA Iron— 1st,6s
Oregon & Calif....100
do
Pref... 100 {12k 13k Mariposa—7 s,’86
20
20
Or. Imp. Company—
Oregon Short Line....
80
14% 15
1st, 6s 1910, J.AD.
Oregon Trans-Cout —
130
Oreg.R. A N. lst.6s,JAJ 112
Oswego & Syr., guar..
101 k>
Debenture 7s, 1834.
Panama
100
Pullm’n Palace Car—
Pennsylvania RR. .50 55ii4 54k
0
3d series, 8s,’87FAA 1104%
Pensacola A Atlantic..
9k
4th do
8s,’92FAA 1115k
Peoria Dec. & Ev.,100 ‘*9
Petersburg
3
! American Bell
100
83k uAmer. Speaking... 100
107%
Os, imp.,cp.,’80 MAN
8
75
ij
Ask.
80
79
People’s, Brooklyn. 10
140
1 %‘i Williamsb’g, B’ltlyn 50 135
k'
19k
14
15k-Charlest’n,S.C.,Gas.25
;So. Tel., 1st mort. b’ds
113k
121-2 !
\
70%;
116k Post al Telegraph.. 100
Bonds, 1st Os
Postal Tel. A Cable Co
108%
i
Pref. 100
48k'
'
19S
12
21
Tel..
Mutual Union Os....
N. Y. Mutual Un.
Bid.
Miscellaneous.
Ask
Bid.
Miscellaneous.
•‘South’11 A Atlantic.25
!| Western Union
100
Conv 6s,g.rg.’94MA8 108k
6s,g.,cp.Arg..’97JAD 110 110k !! 7s, 1900, M. AN....
Cons.M.,1911 7sJAD 124%
TELEPHONE
894t
2k
89k
N.Y.Cent.& II.Riv.lOO
N.Y.Chic. A Sr.L... 100
do
Ask
4ks, 1911..
Q—J
RR. 6s, reg., ’97.Q-F
New Jersey Southern.
N. Loud. A North’n 100
Head of First Page of Quotations.
Bid.
Miscellaneous.
Ask.
Bid.
Railroad Stocks.
STOCKS AND BONDS—Continued.
QUOTATIONS OP
Explanations See Notes at
For
[VOL. XI*
980
152
850
75
125
485
8k
70
70
••»•••
35
85
545
67
98
45
90
550
69
65
99
105
58k
730
175
64
§ Quotation per share.
59
740
185
66
May
QUOTATIONS OP STOCKS AND BONDS—Concluded.
GENERAL
For
Holyoke W. Power. 100
Jackson (N. II.)..1000
King Philip (F. K.) 100
Lawrence
(Mass.)lOOO
Lowell (Mass)
690
Lowell Bleacliery.200
Lowell Macli.8hop.500
205
1080
80
42u
540
200
1070
410
520
400
(Me)
Lancaster M.(N.H)400
L’rel Lake Mills (F. R.)
82*2
1555
575
233
745
00
’
FalLs(N.H.)300i
Sandw.Glass(Mass.)80|
60%
137
1015
75
105
1300
50
165
75
45)
100
70
270
59
100
Slade (FaL Riv.).. 100
Stafford (Fall Riv.) 100
Stark Mills (N.H.) 1000: 905
Tecurnseh <F. R.). 100;
75
ThomdikC'fMass.) 1000 935
5001
Troy C. * W. (F. R.)
115
100,xl70
UnionC.Mr. (F.R.)
Wampanoag(F.R.) 100
Washington (Mass.) 100
Weed Sew. M’o (Ct.)25
Weetamoo (F. R.)100
Willim’tic Lineu(Ct)25
York Co. (Me.)
750
1500
lOlo
55
85
290
61
85
30
95
915
995
117
650
175
15 is
15
*2*6'
33
800
45
S05
Baltimore.
137
185s
140
17
19
125
31
42
iio
54*2
43 *2
134%
......
100% 110%
35
.
.
130
20
11
36
12
133
122
21
154%
80
30
110
81
.
•••••
.100
.100
.100
.100
.100
Boylston
.100
Broad wav
.100
Bunker Hill
.100
Central
.100
City
.100
Columbian
100
Commerce
Commonwealth.. .100
.100
Continental
.100
Eagle
.100
Eliot
.106
Everett
.100
Exchange
.100
Faneuil Hall
First National.... .100
.100
First Ward
Fourth National. .100
.100
Freemans’
.100
Globe
.100
Hamilton
Hide & Leather.. .100
.100
Howard
Lincoln
.100
Manufacturers’.. .100
.100
Market
Market (B righton). 100
Massachusetts... .250
.100
Maverick
Mechanics’ (So.B.)lOO
Merchandise.... .100
.100
Merchants’
.
.100
.100
Monument
Mt. Vernon
.100
New England.... .100
.100
North
North America... .100
..50
Old Boa ton
.100
People’s
.100
Redemption
.100
Republic
Revere
.100
Rockland
.100
.100
Second Nat
100
Security
.100
Shawm nt
Shoe & Leather... .100
.100
State
Metropolitan
Prioe uoinina;
no
40
140
City National
50
280
130
110
125
200
195
60
Commercial
Long Island
100
Manufacturers’
Mechanics’
Nassau
50
..100
Charleston.
B’k of Chas.(NBA) 100;
First Nat. Clias..
.
157
153
113% 119
109% 110
125 - 125%
122%
122
185
OD
114
131%
119%
116%
108%
114
100
186
65
115
133
120
113
109
115
125% 126%
90
116
95
140
260
200
135
'75
360
140
600
225
.3 00
Commercial Nat....100
.100
First National
Hide and Leather
Home National ...100
Merchants’ Nat.. .100
Nat. B’k of Illinois.100
Northwestern Nat. 100
Union National. ...100
Un.Stock Y’ds Nat.100
| Nat. Lai. & Bk.of Com.
(Queen City National..
Second National
203
116
103% 110
106
107
95% 96
125%
125
112% 113
114
113
L04
103
93
98%
93% 94
140
142
102% 103
220
221
126
128
B’nk of Commerce
Bank of KentuckylOO
Bank of Louisvillel6o
Citizens’ National. 100
..100
Farmers’of Ky ...100
Farmers’ & Drov.. 100
First Nat
100
German Ins. Co.’s. 100
German
100
German National. 100
100
Banking Co.40
100
Merchants’ Nat. ..100
Northern of Ky ...100
People’s Bank.
Second Nat
Security
..
100
100
100
50
100
100
Neiv York.
America
100
American Exch’gelOO
25
Broadway
109
145
76
120
120
99
107
104
114
119
135
134
205
133
125
112
102
100
Mutual Nat
100
New Orleans Nat.. 100
State Nat
Union Nat
60
153
114
132%
125%
133
154%
175
117%
99%
119%
Continental
90
,
.
.
.
•
•
145
|
!
I
!
I
|
!
100
100
50
Kensington Nat
Man ufact’r’rs’ N at. 100
Mechanics’ Nat....100
Merchants’ Nat
Nat. B’k Commerce.50
Nat.B’k Germant’n.50
Nat.B’kN. Liberties 50
Nat. B’k Republic..100
National Security. 100
Penn National
50
Second Nat
Seventh Nat
Sixth Nat
Southwark Nat
111
146
78
121
122
114
125
56
125
175
135
12 L
71
100
112
106
163
116
120
140
135
210
134
126
115
104
111
160
123
116
Third Nat
100
Union Nat
50
Western Nat
50
West Philadelphla.lo6
Portland^ He.
Cumberland Nat.. .40
Canal Nat
100
Casco Nat
100
First Nat
l6o
Merchants’ Nat
75
National Traders’. 100
52
163
156
143
118
143
Richmond, Ya.
26
25
City Bank
First Nat
100
Merchants’ Nat...10
Nat. Bk of VirginialOO
Planters’ Nat
100
State Bank of Va.100
118
50*
130
104% 109
Franklin
100
Fourth National ..100
International
100
100
Merchants’ Nat... 100
St. Louis National.100
Third National.... 100
Mechanics’
Valley National... 100
150
109
155
154
week.
Bank of California....
First Nat. Gold
100
Pacific
.Etna Fire
Connecticut
Hartford
National
Orient
Phoenix
Steam Boiler
Eliot
Firemen’s
§ Quot ition per share.
100
100
25
i'5'6*
*93'
isS*
155
205
95
55
180
90
!"
78
’*90*
130
160
100
100
100
100
100
227
1<)3
260
121
160
165
85
124
75
175
90
14
57
148
15
59
152
50
London, Eng.
Commercial Union.£5
Guardian
50
Imperial Fire
25
Lancashire F. & L..25
London Ass.Corp.12%
Liv. & Lond. &Globe.2
North’n Fire * Life ..5
North Brit. & Mer. 8%
Queen Fire & Life.. .1
Royal Insurance
3
New Orleans.
Crescent Mutual
Factors’ and Traders’.
Firemen’s
Germania
Hibernia
Home
70
4%
43
23
40
25
2
27%
229
107
5%
45
24
42
27
2%
28%
82
84%
85%
67%
115
106
20
98
60
110
25
140
150
102
138
175
170
140
120
125
35
227
245
80
100
108
85
50
115
101
64
78% 85
Merchants’ Mutual
Mechanics’ & Traders’ 103% 109
25% 26%
New Orleans Ins. Ass’n
38% 41%
New Orleans Ins. Co
20
25
People’s
xl‘23 130
Sun Mutual
124% 134
Teutonia
Hope
Lafayette
...
70
100
50
20
25
25
17
Citizens’
20
City
Farragut
50
Firemen’s
Firemen’s Trust
Frank. *Emp’ium
17
10
103
315
135
95
Commercial
Continental
40 230
100
100
95
100
Irving
100
30
Jefferson...
.20
30
Lafayette (B’klyn) .50
Long Isl’d (B’klyn).50
Manuf. &Builders’100
Mech. & Traders’...25
57
Mechanics’ (B’klyn)50
156% Mercantile
50
116
Merchants’
50
Montauk (B’klyn).. 50
Nassau (B’klyn)....50
140
37%
N. Y. Equitable
New York Fire....
•
-a
30%
20
22
4%
60
*75
4
132
132
69% 70
97
94
122
118
160
153
131
130
70
75
101
75
30
105
205
German-American 100
50 120
Germania
Globe
50 105
Greenwich
25 220
60
Guardian
100
Hamilton
15 100
50 117
Hanover
Home
100 115
52%
Howard
50
Kings Co. (B’klyn)
92% 100
Knickerbocker
117% 122%
91
90
117
100 220
Eagle
Empire City
93
130
165
160
125
115
Bowery
Broadway
Brooklyn
30
137%
430
305
125
140
220
90
no
New York.
American
50
American Exch...l00
North River
Pacific
Park
Peter Cooper
People’s
Pheuix (B’kiyn)
Rutgers’
Standard
Boylston
100
Dwelling House... 100
lOo
20
Exeliauge
Boston.
100
5*6*
170
*128'
Niagara
Boston
20
*
Security
Washington
Baltimore.
Associate Firemen’s.5
Baltimore Fire Ins. 10
Firemen’s Insur’ce .18
Howard Fire
5
American JF. & M. .100
100
145
"
Merchants’ Mutual.50
National Fire
10
20
112%
200
160
FIRE
INSUR’CE
STOCKS.
10
150
20
20
Merchants’* Mauuf 20
Miami Valley
50
National
100
National
Maryland Fire
20
Clinton
82
Auglo-Califoruia
117% 12 L
275
245
100
54
168
158
145
120
137%
112%
San Francisco.
160
25
85
..
210
125
110
Lift
125
105
115
80
93
115
120
105
113
120
102
110
75
90
112
100
100
100
50
Spring Garden ....100
123
i*25
85
80
100
People’s
Philadelphia Nat. .100 208
109% 114
115% 119
114
264
302
150
275
130
106
61
40
75
61
225
215
102
60
34
72
60
220
212
139
84
78
113
124
138
54
120
170
130
120
70
Girard National....40
60% Corn Exchange ...100
East River
25
Eleventh Ward
25 110
100
133% First National
127
Fourth National... 100 112% 115
135
Fulton
30 105
155
Fifth Avenue
100 525
Gallatin National ..50 155
180
118
Garfield
100 125
100% German American. .75 100
100 150
120 1 Germania
1 Last price this
125
20
80
75
25
Hartford, Conn.
130
50
j Citizens’
Western
119%
300
140
26 5
City National
103
114
104
97
153
Columbian
Commercial Nat.. ..50
1 Common wealth Nat 50
| Consolidation Nat..30
L20%; Corn Exchange Nat.50
109
Eighth Nat
100
225
First Nat
100
Farmers’&Mecli.N.lOO
70
145
70
50
105
105
175
102
75
145
102
•
113
.
20
Germania
Globe
105
105
127
100
Centennial Nat.... 100
Central National.. 100
(Aurora
Firemen’s
•
....
b 0
110
Philadelphia. $
B’k of N. America
100
Fidelity
.
100: 142%
175
..25 U50
Second National..IOC
Seventh Ward
100
Shoe * Leather.... 100
St. Nicholas
100
State of N. Y
100
Tradesmen’s
40
Union
50
U nited States Nat. 100
(Washington
Eagle
Enterprise
1 13
147
.201
100
100
Shoe & Leather. ..100
(Commercial
100
.50
'North American ..100
(Prescott
Eureka
.
St. Louis.
B’k of Commerce..100
125% 129
160
48% 51% Commercial
100
125
129% Continental
160
115
late transactions.
North America
Republic
....
Commerce
100
100
70
Park
175
155
123
114
Metropolitan..
People’s
!
100
.Mercantile F. & M.100
Neptune F. * M...10O
Cincinnati
15
GOO
225
110
65
140
60
45
100
100
170
100
65
140
10)
110
New Orleans.
Hibernia Nat
fxmisiana Nat..
13 5
120
160
100
140
llo
..50
100
Pacific...
150
200
100
Third National.... 106
Western
..100
Germania Nat
120
*
(Mass. Mutual
Cincinnati.
Amazon (new stock) 20
i 120
100
.
N. Y
Butchers’* Drovers25 J146
Central National..100 108% 1Y6’
96% 97
140% 141% Chase National.... 100
Chatham
25 150
110
111
Chemical
..100 23oO
207% 210
134% 135
City
100 250
125
142
Citizens
141
25 110
126% 127
103
104
Metropolitan
!
Louisville.
Masonic
80
200
137
LOO
200
190
92% 95
140
xl39
Connecticut River 50
Far. & Mecli. Nat. 100
First Nat
l6o
Hartford Nat
100
Mercantile Nat.. ..100
National Exchange. 50
Phoenix Nat
100
State
100
United States
100
Louisv.
:Merchants’ Excli’ireoO
Nassau...
x02% 105
138
135
107
2*4*6" 250
175
170
122
119
100
Kentucky Nat
100
50
205
255*';
Hartford.
/Etna Nat
100
American Nat.. ...50
Charter Oak Nat.. 100
City Nat
138
140
100
112
132
Mercantile
Merchants’
|il5"
(Third National
City Nat
100
25
J14o
Chicago.
Chicago Nat
•Metropolitan Nat
100
Market
(Mechanics’* Tr.. .25
100: 200
145
Cincinnati.
Cincinnati National...
Citizens’ National
Commercial Bank
First National
Fourth National
German National
! Merchants’ N ational..
Marine
'Mechanics’
People’s National. 100!
116% Canal &
Banking.. 100
132% 133
Citizens’
100
202
114
132
295
150
290
99
Falls City TobaccolOO
Boston.
Atlantic
Atlas
Blackstone
Boston Nat
Fulton
Union Nat
Western German Bank
BANK STOCKS.
Bank of Baltimore 100
Bank of Commerce. 15
Citizens’
10
Com. * Farmers’.. 100
Farmers’ B’k of Md.30
Farmers’ & Mercli..40
Farmers’*Plauters’25
First Nat. of Balt. .100
..60
Franklin
German American....
....]
Howard
...30
Marino
10
Mechanics’
.100
Merchants’
National Exch’ge 100
..25
People’s
.
Second National .100
Third National... .100
..75
Union
..20
Western
Washington
435
Shove (Fall Riv.).
Tromont* S. (Mass) 100j
fremont
Onion
Insurance Stocks.
iManufacturers’. ..100
100
25
30
100
Grocers’
Hanover.
83
97
140
112%
96
100
255
100 10912 IKU2 Importers’ & Tr...l00 250
142*2 Irving
50 128 130
100 142
152
100 130 13012 i Leather Mauufts.. 100
50 1145 %(1 0
100 113% 113% i Manhattan
Traders’
Brooklyn.
Brooklyn
100 128
First National
50 265
237
755
500.1010
Pepperell (Me.)
Pocasset (F.R.)...100
Rich. Bord’iKF.R.) lOO!
Robeson (F. Riv.) 1000;
80
Sagamore (F. Riv.) 100
Salmon
11412 Greenwich
590
1000(1010
(F. R.) 100: 70
I 425
1000| 1490
114
82
Ask.
Bid.
Bank Stocks.
Ask.
Webster
Mass. Cotton
Mechanics’
Merchants’ (F. R.) 100!
Merriinack(Mass) 1000! 1293
Metacomet (F.R.) .100
Middlesex (Mass.) .100 162
N arragau s' 11 (F. R,) 100
Nashua (N. H.)....500 4-10
99%
Naumkeag (Mass.)lOl
6>
N. E. Glass iMass.)375
100
100
Suffolk
Third Nat
Head of First Pa?e of Quotations.
Bid.
Bank Stocks.
1570
LymanM. (Mass.).100
Manchester (N.H.) 100 135%
Newmarket
Pacitlc (Mass.)...
Explanations See Notes at
Ask.
Bid.
Mining Stocks.
Laconia
537
THE CHRONICLE
2j 1R£5.J
Star
Sterling
Stuyvesant
United States
Westchester
Willia«nsbu'*sr
|| Assessment paid.
35
100
50
25
25
100
20
50
50
23
50
100
10 >
25
25
li>
30
120
200
80
80
i*oo**
40
70
57
100
97
143
80
140
63
120
95
160
100
140
100
130
110
90
40
50
100
120
120
15
215
125
no
245
67
no
125
123
57
60
125
205
90
85
105
112
55
85
65
105
103
150
90
153
80
125
103
170
105
150
no
133
120
100
55
55
115
125
125
230
THE CHRONICLE
538
1881.
%u v 151 mcut
Stock, common
Stock, preferred
^utcXXigcucc.
REPORTS.
Chicago St. Paul Minneapolis & Omaha.
(For the year ending Dec. 31, 1884.)
A controlling interest in the stock of this company is held by
the Chicago & Northwestern Railway, by which company it is
operated. The statistics are well compiled below, and in regard
to the year’s work the report says that the increase from the pre¬
vious year in the number of passengers carried was 54,079, and
in the number of tons of freight 254,860, or about 14! £ per
cent, for which additional business a large increase in service
was performed.
The number of tons of freight hauled one
mile was 329,795,470.
Rate per ton per mile, 01 25-100 cents,
against 01 43-100 cents in 1883. The loss in revenue owing to
decrease in rate was $582,252.
The total number of paying
passengers carried one mile during the year was 58,674,281.
against 02 58-100
decrease in rate
$79,471. Comparative loss from reduced rates
on freight and passengers, $661,723.
The operating expenses
were $360,606, and the taxes
$22,589 greater than last year.
obtained
was
Of this amount
way.
$227,630
was
the increase in maintenance of
earnings, including
The ratio of operating expenses to
taxes, was 69 26-100 per cent, against 65 70-100 for 18S3.
The number of acres sold during the year 1884 was 195,030.
Number of acres of land remaining unsold at the close of the
amount of
$651,124.
year 900,253.
Net cash collections,
The
bills receivable and land contracts held by the company
lands sold is $2,473,591.
The following statistics for four years have been
in the usual form for the Chronicle :
for
compiled
KOAD AND
1883.
13 H.
Miles operated
1,003
1,150
1,230
1,313
Locomotives
Pass., mail A exp.c’rs
125
S9
3,488
10
165
94
181
113
4,039
4,841
16
“16
1881.
Freight cars
All other
:
ears
includes two transfer steamers and
one
.
18L
123
•
4,w65
*20
barge pile driver.
OPERATIONS AND FISCAL RESULTS.
Operations—
Pass’gers carried
Paas’ger mileage
Rate p. pass. p.
mile.
1881.
1882.
622,819
821,436
38.706.890
2-43 cts.
53.755.630
2 45 cts.
1,476,129
1,946.031
Fr’ght (tous) moved.
Fr’ght (t’ns) mileage 207,790,338 275.824,581
Av. rate p. tonp. in.
1-40 cts.
$
Earnings—
944,329
Passenger
2,913.521
16 4,111
Freight
Mail, express, Ac
4,021.961
earnings
$
Operating Expenses—
Tot. gross
588,053
897,416
1-26 Cts.
1884.
1883.
901,795
850,716
57,330,593
58,674.231
2-58 ets.
2-45 cts.
1,748,942
2.003,802
329.795,473
268,673,769
1*25 cts.
1-43 cts.
$
J
1,311,217
3.478,624
172,361
$
$
,470,558
1.430,711
200,778
4,132,530
221,690
4,962,202
5,515.284
5,784,931
$
657.463
$
758,095
1,292,114
985,725
1,32 4.508
309.049
314,39.8
861.073
3,843,948
$
Maintenance of way.
Motive power.
Maintenance, of ears
272.489
Transportation
619.329
293,786
753,966
Genet al expenses...
Taxes
176,691
242.322
202,610
953,650
205,260
142,484
172,474
200.886
223,475
2.770,462
1.2 45,499
3,2 40,787
3.623,827
1,721,415
1,891,457
4.007,022
1,777,909
69 03
65*31
65*70
69 26
Total expenses
Not
earnings
Re. of op. ex
to earn.
.
1,120,776
1881.
Net earnings
Net from land grants
Other receipts
Total income
Disb urse meats—
Rentals paid
Interest on debt
Div. on pref. stock..
Rate of dividend
Loss on prop, roads.
...
$
1,721,415
546,825
1,828,223
53.059
893,536
672.737
(7)
....
1883.
1882.
$
1,245.499
504,144
78,585
1884.
$
$
1,891.457
1.777,909
120,866
547,777
153,623
242,221
2.389,106
2,592,857
2,641,255
27,736
35,561
49.174
1,131,751
1,222,371
1,320,146
735,397
(7)
770.476
787.976
651,125
(7)
(7)
13,055
1*2,356
Tot. dislmrsem’ts
Balance surplus
1,619,332
203,896
A LANCE
.3
RR.jb'ld’gs.cq’pt.&e.
StksA lids own'd,(ost
Advances
Bills A aects. rec’blo
Materials, fuel, Ac..
Cash on baud
Minn. East, b’ds <gu )
Miscellaneous items.
41,441,15 l
3,132.117
250,305
i
491,221
9 4,616
4 15,9 >7
632.496
75,000
4,727
1832.
$
47,086,138
1.018,741
1,128 80 4
t3 •4,928
721,333
850,963
75,000
4,72 7
1883.
$
49,993.541
1,017.4:6
453.986
13 88,375
595,46
>
1,155.289
75,0t0
1884.
$
50.877.825
*1.158 772
481,091
1478,821
690,106
1,552,184
75,000
75,000
587.069
500.345
188,523
1,100,769
197,533
1,652,861
2.123,754
Total liabilities....
46,676,322
51,211,684
53,679,080
55,314,100
197,090
Burlington Cedar Rapids & Northern.
(For the year ending Dec. 31, 1884.)
remarks of the President are very brief and are quoted
The
in full as follows :
“The number of miles of road
owned and leased by the com¬
at the beginning of the year, including all branches, was
pany
713 5-10 miles.
The Cedar Rapids & Clinton Railway has been
completed by the building of 45 89-100 miles between Elmira
and Noels and 2 74-100 miles branch line at the Cedar River,
leading to the Stone Quarries. Total, 48 63-100 miles.
Cedar
Rapids & Clinton Railway total mileage, 81 6-10. The Chicago,
Decorah & Minnesota Railway has been completed by the
building of 23)^ miles, from a junction three mile3 south of
Postville oa the Milwaukee Division to Decorah. Total, 231^
miles. A branch of the Cedar Rapids, Iowa Falls & North¬
western Railway has been built from Dows to Madison Junc¬
tion, on the Minneapolis &St. Louis Railway. Total, 4107-100
miles.
The Cedar Rapids Iowa Falls & Northwestern Railway
has been extended from Lake Park, Iowa, to a junction with
the Wisconsin Minnesota & Pacific Railway, near Watertown,
Dakota, being 35 82-100 miles in Iowa, 55 43-103 miles in Min¬
nesota and 72 87-100 miles in Dakota. Total, 161 12-103 miles.
“Total number of miles added during tin year as follows:
In Towa
Tn Minnesota
In Dakota
148*82
55*43
- 72-87
Total
277*12
operated by tlie company on D cc. 31,138 4. 990-56
Average mileage operated during the year
774
The cost of equipment added during tbe year, account B. C.
Total number of miles
R. A N. Railway, was
Tbe cost of improvement
$10,774 16
63,777 71
during tbe year was.
$79,551 87
equipment and improvement
Total cost
several line3
were
not completed in
of the year.
lines in 1882 and 1883
depressed our local business. Yet the tonnage cirried in 1884
exceeded by 131,542 tons the amount carried in 1883. But
this increase being entirely on through business, and carried at
lesser rates, failed to keep the earnings up to those of 1883.”
Statistics of operations, &c., for four years, compiled for
time to add materially to the earnings
“The failure of the crops along our
the Chronicle, are as follows:
FISCAL
Miles
operated
earnings
Expenses—
Transportation
990
2,800,632
2,863,55 4
2,793,459
437,636
589,611
555,6 1 4
517.451
559,425
572,605
150.703
483,151
59 1,066
564,743
117,582
09,72 5
89,307
>.552
109 083
1,626,35 J
632,186
1,883,631
1,933,177
895.377
1,917,769
917 091
72*0 L
67-25
68*7
6S"5
331,747
69,162
Miscellaneous
oarn’s.
$
654.746
2.117.949
639.506
2,259,036
6VJ.3L5
Total expenses....
,
99,859
1 U.773
3 8,189
Net earnings
’
$
2,092,679
63,497
3 85.86 4
Motive power
Maintenance of way
Maintenance of ears
Taxes
713
54,501
1,782.521
Tc*t. gross
1884.
1883.
713
1882.
$
636,922
2,024,175
105,362
$
422.014
Earnings—
Passenger
Freight
Mail, express, Ac....
P.c. op. ex. to
RESULTS.
1831.
644
113.813
71,271
0
80,204
873,690
INCOME ACCOUNT.
1881.
$
63 2,185
Receipts—
Net earnings
Other receipts
1832.
$
59,190
917,001
78,057
Total income
Disbursements—
Interest on debt
Const’n A improvem’t
691,376
995,053
424,562
198,270
48 4,62 4
Equipment
Other expenditures..
280,459
13,583
Tot. disbursem'ts
916,874
def. 225,493
71,965
363,502
Assets—
RR.,b’ld’gs,equip,Ac.
Real estate.
Aects. rec’bleA cash
Materials, fuel, Ac..
RR. bonds owned.
947,487
47,571
sur.
1882.
$
$
16,377,86 4
17,SOO,381
10.604
171,657
183,171
25 4,5 43
20 4,473
..
Stock unissued
Coupon interest paid
Miscellaneous items.
873.690
48,596
31,103
913,974
909,798
4,50 ),001
42 4,562
10,789
4,500,000
21,073,847
1334.
$
573,663
QQ X <2 1 X
)
37,72^
S
22,396
1831.
.
1833.
$
895,373
516,130
S
GENERAL BALANCE AT CLOSE OF EACH
Total
.
258,348
75,900
*
763,229
2,170,361
470,891
2,0 40,707
552.090
46.070,322 51,2 41,684 53,679,080 55.314,100
pot stock $60,000; St. Paul A Duluth Railroad
11. East. RR. stock, $15.109; Chic.
St. Paul .Minn.
A Om bonds. $161,357; Menooionie HR. bonds,$74,836; Eau Claire
RR. bonds. $29,799; other bonis. $10,009.
t ru 18-1 lap t d •parrment hud $1.104.3 13 bills receivable not given in
this balance sheet; in 1832, $1,369.961; in 1583,-$2,206,493; in 1884,
$2,473,592,
Total assets
244,074
75,oO )
163,310
' 609,547
AT CLOSE OF EACH FISCAL YEAR.
1881.
Assets—
1,897,885
234,044
660.923
and taxes.
Balance
‘
€
245,701
Dividends
Income acet. balance
INCOME ACCOUNT
Receipts—
22,339,970
16,230
32.460
“The extensions of the
EQUIPMENT.
1852.
$
15,559,660
11.259,933
72.497
75,000
Coup. A accrued int.
Vouchers, pay-rolls
~
Rate per passenger per mile, 02 45-100 cents,
cents in 1883.
The loss in revenue owing to
....
.
“The Investors’ Supplement contains a complete exhibit of the
Funded Debt ofStates and Cities and ofthe Stocks and Bonds
of Railroads and other Companies. It is published on the
last Saturday of every other month—viz.., February♦ April,
June, August, October and December, and is furnished with¬
out extra charge to all regular subscribers of the Chronicle.
Extra copies are sold to subscribers of the Chronicle at 50
cents each. and to others than subscribers at $1 per copy.
$
$
17,205,833 18,573,233 18,559,760
9.848,333 10.759,933 11,259.933
17,790,175 19,509,481 21,086,620
Bonds (sec Scrr’T)
Bills payable.
Minn. East, b’ds (<ru )
1884.
1883.
1882.
,
$
Liabilities—
AND
ANNUAL
[Vol. XL.
S
84.634
658.297
939,700
sur.
4,274
sur.
251,501
FISCAL YEAR.
1383.
$
18,138,109
1834.
144,799
213,1 il
$
22,518,049
161,994
26 \164
13 s.611
100.505
240,596
266.505
4,500.000
_
1 6.1 3 >
573,663
37,726
8,457
23,244,014
23,839,932
24,034,328
5,500,000
14,630,000
226,847
2.656,044
1,021,437
43
4,624
0
Liabilities—
10.000.009
10,000.000
10.000,000
B’ds (see
9.059.9 >0
355.981
9.964,000
9,961,000
455,552
591,170
Income account
2,253.906
2,824,462
3,283,812
21,073,347
23,2 44,014
23,838,932
Stock, common.
Supplem’t)
Bills, vouchers, Ac..
Add., imp. A equip’t.
Total liabilities....
24,034,328,
May
THE
2, 1885.]
Flint & Pere
(For the
CHRONICLE
Marquette.
539
preferred stock.
ending December 81, 1834.)
The annual report is very brief in its remarks, and has
year
This was issued to the Purchasing Commit¬
tee, together with $49,000 first mortgage consolidated bonds,
for the purpose of redeeming sundry
obligations and capital
stock of the Columbus Chicago & Indiana Central
Railway
Company, under the agreement for its reorganization. During
the year there have been paid by your company $11,000
pre¬
that the decrease was due to the extreme depression in gen¬
ferred first mortgage bonds Columbus &
Indianapolis Railroad
eral business which was felt severely by the lumber interests.
For 188a the prospect is not thus far encouraging, as the gross Company and $11,000 common first mortgage bonds; $493,500
first mortgage bonds Toledo Logansport & Burlington Rail¬
earnings of railroad and lake boats from January 1 to March
way
Company and $36,235 income bonds of the same com¬
21 in 1835 was $331,491, against $526,674 in 18S4 and $501,364
There we e also issued, in addition to the $49,000 first
in 1883.
The land sales in 1884 were 2,650 acres, at $3 88 per pany.
mortgage
bonds of your company, $838,000 of the same issue
acre, amounting to $23,523.
The total cash collections in 1884 of
in
bonds,
payment for certain real estate and right of way
were about $182,300, the land notes on hand Dec. 31, $492,300,
at Chicago, Indianapolis and Richmond.”
and lands yet unsold 101,009 acres.
Operations, earnings, income, and the general balance were
OPERATIONS AND FISCAL RESULTS.
nothing in regard to finances beyond the figures given.
the falling off of
As to
$*339,9>5 in gross earnings in 18-34, it is said
as
Miles operated
1881.
1832.
1883.
345
346
361
OPERATIONS AND FISCAL RESULTS.
301
Operations—
1,048,496
Passengers carried
813,131
094,225
882,659
Passenger mileage
24.4 *9,195 29,540.975 32,213,590 27,23 1.2'>5
1,442,8*4
Freight (tons) moved.. 1,013,965 1,137,589
1.22',079
Freight (tons) mileage..80,894,052 92,953,733 123,112,615 101,9-9,977
$
Earnings—
$
$
$
Passenger
655,478
795,839
73 >.067
874,641
Freight
1,157,367 1,317,042
1,457,169
1,610.510
Mail, express, Ac
72,568
67,342
57,792
60,752
Total
cam’s.
1.885,413
2,180,223
Oporat’g exp’s A taxes 1,315,322
1 432,209
2,542,943
1,735.517
748.014
807,426
Net
gross
earnings
570,091
.
2,25 ',986
1,515.461
i
o <,
Net earnings
Disburscrnen Is—
Interest on debt..
Dividends
Miscellaneous
1882.
$
570,031
•$
718,014
1883.
'
1864.
$
.
7«>
<-,«.•
2
t
322,118
309,024
357,500
422,500
318,627
45 ,000
683,553
731,52 4
773,623
.def. 113,462 sur.16,490
sur.33,803
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1881.
1882.
Assets—
$
$
Railroad, equipm’t.Ac. 11.361,845 11*75 4,789
Steamers owned
130,300
Stks A bds. owned,cost
526,(ill
558,000
Accounts receivable...
131,(503
92,35 4
Materials, fuel, Ac.217,777
229,382
-
Cash on hand
In trustee’s hands
Miscellaneous items...
...
47.204
21.291
115,021
14,741
28,'209
1884.
1883.
$
$
12,320,366
134,200
558,000
11,352,492
128,200
55 *,000
154.899
193.655
33 2,(506
148.12(5
112.147
17.291
9.(554
11
.
19,297
Total assets
12,281,853 12,966,601
Liabilities—
$
$
Stock
6,500.000 (5,500,000
Bonds (see Subplem’tr 4,821 560 5,028.000
Premium on bonds..,..
107,757
142,460
Land receipts
369,000
743,000
,90 3
17,29(5
5,802
13,006,232
12,657.130
$
$
6,500,000
5,197,000
6.500,000
5,299,0l>0
154,59(5
856,000
643,875
85,393
Passenger
Freight
Mail, express, Ac
Total gross
451,712
65.815
19.123
35,614
69.368
109,423
13.3(55
12,281,853 12,966,(501
13,506,232
12,657,130
All other accounts
Income account
735,642
Chicago St. Louis & Pittsburg.
(For the year ending Dec. 31, 1884.)
This company was formerly known as the Columbus Chi¬
cago & Indiana Central (or C. C. & I. C.)
For 1884 the net
deficit in income after paying all charges was $226,152. The
report says: “ The comparatively large decrease in the
The total number of
tons
carried
635
1,22',701
48,146,452
L8.k91.714
2-42 ets.
2-32 ets.
1.1 86,779
O 66 ct
O’72 ets.
0 60 ets.
$
3,686,669
$
1.’ 63,407
8.781,107
357,365
319,406
$
1.134,6^9
2,902,4 33
359,718
5,1 22,943
4, 419,357
5.293.9 JO
4.335.9 34
3,6 >2,213
$703,586
86-27
$357,956
$794,627
81-90
81-93
1,128.909
earnings
expenses and taxes
..
Netearnings
earn’gs.
4,396,840
INCOME ACCOUNT.
Receipts—
1883.
18=4.
Net earnings
Interest ..7
Other receipts
$9 57,956
$79 1.627
26,720
297
1,9 2
78 073
Total income
Disbursem-nis—
Rentals paid.
Interest on debt
Net C. C. A f. C. for thre
$084,978
$874,672
$15.9’ 8
663,363
$21,224
l,079,t02
*
months.
120.638
Total disbursements
Balance
stir.
GENERAL BALANCE
$7j9,914
$1,10 >,826
185,059
def. 226,15 4
DEC. 31.
Assets—
Railroad, buildings, See
1883.
1«SL
$ 10,506,255
Materials, fuel, Ac.
3(9.798
495,332
57(5,739
365,632
80,707
51.802
Cash on hand
Loaned Pennsylvania Railroad.
Due by other companies.
Other accounts
Protit and loss
$42.3325 >91
24 8.377
425,6 47
321,474
87,123
71 5;s
41,094
Total
Liabilities—
$42,12 5,280
$42,527,374
Stock, common
Stock, preferred
$6,570,143
17,101.200
$6 952,5 13
17,274,550
Funded, debt
Miscellaneous
Current accounts
17,543.234
17,-573.248
166,443
4(59,938
Coupons
890,144.
Prolit and loss
185,058
Total liabilities
freight earnings was occasioned partly by a falling off in the
tonnage to the extent of 9 5 per cent, but mainly by a mate¬
rial reduction in rates.
188 4.
3,001,619
2.782,033
2,517,062
547,861,3s5 526.622,269 434,. 16,89 4
Miscellaneous items
338,595
105,818
Unp’d div's,voueh’s,Ac.
Total liabilities
mile
Earnings—
455,000
792,223
def. 5 4,696
635
46.1 S3,683
2*44 ets.
Freight (tons) moved
Freight (tons) mileage
Average rate per ton per mile
337,223
3,935
1 883.
5SO
1,118.516
Rate per passenger per
Operating
$
807, 4?6
Passengers carried
Passenger mileage
Per cent, of oper. exp. to
Total disbursem’ts.
Balance for the year.
1881.
1882.
Milos of road operated
Operations-—
>'21
INCOME ACCOUNT.
Receipts—
follows:
1884.
$42,42(5,2C0
3.8 12
460,816
962,345
$43,527,3 74
Grand Itapids & Indian;!.
(For the
was
The
year
ending Dec. 61, 1SSI.)
annual
report for 18S4 states that the amount of gross
decrease of 264,971 tons.
includes thoseof the Mackinaw extension. “They tire
being a decrease earnings
shown to have decretsed 10 4 per cent, and net 4*1 per cent.
of only 2,358 tons, as compared with 1883.”
*
*
*
The calculation of net excludes the betterments for this year,
A large amount of the through traffic controlled by the
Erie Railway Company and formerly carried on your lines while for 1883 they were included. The percentage of decrease
between Chicago and Urbana, the point of connection with in net would have been larger had the same rule been applied
to both years. This decrease is owing in general to the depres¬
their leased New York Pennsylvania & Ohio Railroad, was
sion
in business, and perhaps, to some extent, to the disturb¬
diverted from your system and transferred to the Chicago A
ances due to a Presidential election.”
No reference is made in
Atlantic Railway.
The average rate obtained on freight during the year was the report to the land sales, nor d»the lauds appear in the bal¬
6 mills, against 7*2 mills in the previous year, a decrease of ance sheet or inefune account. The settlement of accounts
with the Pennsylvania Railroad is mentioned, and the out¬
1*2 mills, or 16-67 per cent.
This was due to the severe com¬
standing debt since adjustment is given in the Investors’
petition for through traffic, which constituted more than one- Supplement.
half of your total tonnage, upon which the average rate
E DININGS AND EXPENSES.
obtained was but 4 9 mills, against 6'4 mills in the previous
1 881.
1843.
Earnings from—
188 2.
$66 *>.515
$309,616
$760,5 >0
Passengers.!
year.*’
*
*
*
1,443,500
1,324.180
1,396.634
While the earnings of your company were so largely Freight
126.593
108,489
Mail, express, Ac
103,157
Teduced by the ciu-es already stated, there was a correspond¬
Total earnings
ing reduction in the expenses, so that the ratio of expenses to
$2,260,991 8>2.3(51,605 $2,116,299
L,721,507
1, >02,579
1,6 78,236
earnings in 1884 was practically the same as in 1883 : this Operating expenses and taxes
ratio having been 81*93 percent in 1884, against 81*91 per
Net earnings
$6 3,720
$ 540,098
$382,055
2,517,062, against 2,783,033 in 1883,
a
The local tonnage amounted to 121,G89 tons,
“
“
'
“
in 1883.”
*
*
*
There was expended for betterments
struction account in 1884 the sum of
cent
and charged to con¬
$1,213,335, of which
$606,343 was for real estate and $276,657 for right of way.
It will be noted that the principal expenditures were in
constructing the new and extensive shops at Indianapolis and
the purchase of the necessary machinery therefor, and of
right of way and necessary real estate at Chicago, Indian¬
apolis, Richmond and other points which had been formerly
held under lease by the Columbus Chicago & Indiana Central
Railway. There was also charged to this account one-half of
the amount paid during the year on the cost of 1,926 freight
cars
heretofore
received
through the Pennsylvania Cai
“
Trust.”
*
*
*
“
During the pas*; .year
$555,750, of which $3S2,400
your
was
P. ct. of
common
increased
stock and $173,350
was
72-90
74-25
7100
INCOME ACCOUNT.
Net
earnings..
D is bu rse me fits—
Interest on debt
Interest on Penn. Co. note
Loss on T. C.. B. V. L. T. A M. and
G. K. I. A M. roads
Advances and int.—C. R. F. W.KR.
Interest on G. R. I. A M. loan
“
“
coupons of pri ir years
Total disbursements
Balance
18S2.
1883.
1 SS4.
$582,055
$540,098
$613,720
$478,065
25,903
$4 49,995
25,902
$387,068
21,586
9,027
37.255
19 2 >0
*9 5,416
7,271
20,929
12,011
17.e0 J
9,625
19,2 A)
$5 >7,602
$533,0 ;o
$>32,875
8iir.$l9,180sur $ .07,023 sur.$40,ll8
Includes $89,075 for interest upon the debt to
of years previous to 188 4; both coupons
included in the general settlement.
*
capital stock
operat. expen. to earnings.
coupons
the guarantee for
and interest are
fVOL. XL*
THE CHRONICLE.
540
The operating expenses have increased $118,387, or 24*39’
cent over last year; $49,056 of this sum, or 10*10 per cent
thereof, is in the maintenance of the roadway, track and build¬
ings, $17,208, or 3*54per cent, in special and ordinary terminal
expenses, $46,590, or 9*62 per cent, in expenses growing out of
the increased. train mileage, and $5,532, or 1*13 percent, in
expenses from increased car service.” * * *
As to the financial status, the President says that a marked
improvement in the financial condition of the company will
be observed when contrasted with its condition at the close of
“ The measures then referred to for the relief of the
1883.
company have been assented to with but a few exceptions,
and there has been paid in by the stockholders thus far the
sum of $510,048.
In 1883 the net floating debt was $863,840;
it is now $486,737, and toward this we still have the $341,000
consolidated six per cent bonds referred to in the last
report.” * * * The excellent physical condition of the
property has been fully maintained, and in addition thereto
the sum of $45,670 has been expended in betterments on the
old main line and branches.
The inability to secure an
entrance into Cincinnati and suitable terminal facilities there
on what we deemed to be fair and reasonable terms, has con¬
fined our operations to local traffic mainly, and we have there¬
fore realized none of the advantages we expected to have
derived from the. extension, maintaining and operating it
solely for a nominal local business on it. Steps, however, have
been taken to secure the desired entrance either over routes
now in operation or independently, and we hope to report the
consummation of this essential measure during this year.
“While we may not have realized our expectations in the
fullest measure in 1884, it must be remembered that the con¬
ditions were exceptional and not likely to prevail in the
present year, and we have certainly reason to be gratified at
the financial exhibits submitted to you.
“I am glad to note of late in Kentucky, and some of the
other States, a more just appreciation of the true relation of
railroads to other industries and the public convenience.
It
does not need the sanction of a statute to ensure the prompt
carriage of persons and commodities at the lowest reasonable
cost—that is assured by the inexorable law of competition,
and by the many interests which the railroad companies and
their patrons have in common. Every such attempt only
increases the expense of carrying on the business, and thereby
defeats the object aimed at.”
“
Cincinnati Washington &
Baltimore.
(For the year ended December 31, 1884.)
was formerly known as the Marietta &
Cincinnati. The earnings, &c., in 1884, compared with 1883, are
shown by the statistics below. The report states that the
increase in the item of fixed charges is the additional interest
paid during the year on the prior lien mortgage bonds (only a
small portion of which had been disposed of in 1883). The
item of interest charged to the profit and loss account this
year is the interest on the amount advanced by the Baltimore
& Ohio Company to pay the warrants and coupons past due,
at the time the new bonds were distributed to the holders of
reorganization certificates. The amount of these items added
per
This railroad
increase
debt at the
to the decrease in net revenue fully accounts for the
in the deficit over the previous year.
The floating
close of the year 1884, compared with that
at
of the year
1883, is shown in the
Due on account
existing
following table
:
1S83.
r
14,560
142,117
364,557
98,887
113,<>26
15,995
16i,H46
229,207
97,785
114,458
Unpaid coupons
Unpaid warrants on C. W.
B. bonds
Unpaid coupons on O'. W. & B. bonds
Unmatured interest on C. W. & B. bonds
Accounts payable for supplies and materials....
Taxes for 1883 and 1834
Due B. & O. Co. on account of advances
Due B. & O. Co. ou account of supplies, &c.
Due foreign roads (trailic account)
Due on miscellaneous accounts
1884.
$66,761
$70,517
of labor
the close
24.240
221,760
269,796
31,525
41,933
Total
$1,325,005 $1,389,166
Deducting the available assets amounting to....
543,486
319,469
Leaves as the floating debt
$851,519 $1,069,697
“
Of the
23,062
386.630
46,327
155.620
23,526
the books of the
floating debt as shown by
from
during the delay in the reorganization and before the property
into the possession of the company, and is represented
by the warrants attached to the several classes of bonds.
Deducting this amount from the aggregate debt, leaves as the
legitimate floating debt of the company at the close of the
year 1884 the sum of $413,836. With the assistance of the
the sum of $655,860 is the accrued interest
November, 1881, to January, 1883, which had accumulated
company,
came
all
Baltimore & Ohio Company, the warrants and coupons on
classes of bonds have been paid as presented.”
The report refers to the floods in the Ohio River,
sion in business, and the low rates on freight and passengers
as the causes for loss of income in 1884.
the depres¬
EARNINGS AND EXPENSES.
Passengers
Freight
Mail, express, &c
Total earnings..
Operating expenses and taxes
Net earnings
Per cent operating expenses
KENTUCKY
1883.
1884.
$562,981
$536,198
1,177,181 1,079,861
249,805
238,249
$1,989,867 $1,854,30S
Famxngs from—
1,489,824
1,408,371
500.043
445,937
—
75*90
$445,937
$719,349
1,318
$673,690
$720,667
74*87
to earnings—
INCOME ACCOUNT.
Net
$500,043
earnings
Disbursements—
Interest on debt
Miscellaneous
$t>73,690
Total disbursements
def. 173,647 def. 274,730
Balance
Kentucky Central.
(For the year ending Dec. .31,
Cost of road
Construction and
improvement, main line
Construction and improvement, Richmond
Maysville & Lexington RR. Co
Liviuston extension
ACCOUNT DEC.
Branch
;
Sundry Assets—
Cash, general office
Cashier, local oftice
Paymaster, local office
Due by agents and conductors
Due by other roads on traffic balances
Due by sundry roads and persona
Due by Post Office Department
Stock of supplies for current operations
Unadjusted open accounts
Kentucky Central 6 per cent consol, bonds
To
1884.)
remaining
average of 219*89 miles were operated, the
30*48 miles being in course of completion. There has been no
addition to the mileage since then, except that the 30*48 miles
above referred to were opened for general business on Aug. 19,
and on Sept. 1 the new through line from Cincinnati to south¬
an
points and Florida via Livingston and
Jellico, was com¬
pleted and ready for business.” * * *.
The earnings and expenses for two years have been :
1884.
1883.
$7,813,266
1,443,000
1,137
851,495
2,924,663
»
unsold
103,120
14,625
536
28,211
19 833
37,750
7,823
55,946
2,234
341,000
$13,644,645
Funded Debt—
7 per cent bonds due
Covington & Lexington, 7 per cent bonds, due
Kentucky Central 6 per cent bonds, due 1911
Capital stock
1
Covington & Lexington,
1885
Preferred stock
Bills payable
Sundry Liabilities—
Unpaid vouchers and payrolls
Due sundry roads and persons
Unadjusted open accounts
Unpaid coupons
Coupons due January 1, 1885
Balance from income account
..i
Increase.
$1,000
220.000
6,379,000
5,599,500
300
344,685
146,476
63,211
26,880
23,525
120,740
7] 9,327
$13,644,645
Total
EARNINGS AND EXPENSES.
From—
31, 1834.
Liabilities.
President, states
eastern
CENTRAL RAILROAD GENERAL
Assets.
in the Chronicle of ~
is as follows:
Total
The report of Mr. C. P. Huntington, the
:
“At the close of last year we reported 216*57 miles of main
line owned and 33*80 miles operated under lease, making a
total of 250*37 miles owned and operated. Of this, however,
only
The income account was published
March 21, on p. 362. The balance sheet
Panama Railroad.
$31,900
(For the year ending December 31. 1884.)
51,051
In referring to the large increase in operating expenses
Express
26,285
9.611
5,914 during 1884, the annual report of the General Superintendent
Mail
21,188
15,274
1,028
Telegraph
1.631
602
Miscellaneous
4,675
20,654 Dec.15,978 says: “The large amounts of money *which you have been
pleased to expend have been used, as you will perceive, princi¬
Total
$922,107
$338,975
$67,154 pally in repairing the road-bed, and improvements in the
Operating expenses
$603,620
$485,233
$118,387 various other departments of the road, as well as in the con¬
Earnings over operating expenses...$318,487
$353,742 Dec.$35,254 struction of new buildings and repairs to old ones; and
although the outlay is large, the value of your company’s prop¬
Owing to the delay in the opening of the extension for erty has grown in equal proportion.”
business, the inability to arrange for suitable terminal facili¬
rThe tables show an increase of tonnage transported of 71,518
ties in Cincinnati on reasonable terms, and the general shrink¬
tons, compared with the previous year. The number of pas¬
age in the volume of traffic that has characterized the year
1884 as one of exceptional depression, the earnings have fallen sengers carried in 1884 is 515,520, an increase of 75 per cent
over the previous year.
The increase of tonnage and passenger
short of our expectations. Comparing the results with those of
traffic, as in the previous year, is mainly due to the operations
1883, we have operated an average of 231*16 miles of road for of the Interoceanic Canal Company and the transportation of
the year, earning thereon, gross, $3,989 04 per mile, against
their vast quantities of material and workmen to the various
$4,569 87 in 1883, and net $1,377 78, against $1,927 14 in 1883.
along the line. The report says there has been consid¬
Although the earnings, as shown above, have increased but places
erable increase in the tonnage between Europe and the West
10*42 per cent in passengers, 10*86 per cent in freight, and 9*90
Coast of South America.
per cent in the total, the train mileage has increased relatively
The report gives no general balance sheet, but the earnings
19 per cent with passenger trains, 44*42 per cent with freight
and income have been compiled for the Chronicle as follows;
trains and 28*06 per cent in the total mileage.” * * *
Passenger
Freight
“
$337,803
520.821
35.927
$205,9f2
469,7 69
Mat
carried
.
Freight (t ons) moved
Earnings—
Passenger
52,113
168,045
$
200,743
*
127,616
303,979
194,550
215,725
$
224,152
350,665
2,051,693
21,481
-Freight
Mail, express, &e....
1,760,099
11,759
1,845.759
earni’gs.
1,972,606
$
478,294
2,096,633
Tot. gross
Oper. expenses—
Transp’t’ii expenses.
Total (incl. taxes).
26,722
$
730.764
2,423,839
$
1,002,456
45,298
101,151
118,959
523,592
1,449,014
831,915
1,264,718
1,121,415
1,302,42 4
Miscellaneous
Not earnings
1834.
48
48
43
operated
Operations—
Miles
INCOME ACCOUNT.
1881.
Iteceipts—
earnings
Other receipts
Net
Total income
Disbursements—
Interest on debt
Sub. bonds redeemed
Dividends
Sub. to Dis. Col., &C..
$
1,419,014
393,762
$
1,264718
357,712
•$
1,302,421
388,145
1,847,776
$
1,622.430
$
1,690,569
$
45,00o
2,393,200
875,000
450.601
35,000
10,767
Miscellaneous
Total disbursements
2,939,571
Balance, surplus*...
df. 1,091,795
*
1S83.
1882.
Accumulated surplus Dec. 31,
418,349
47,000
445.333
35,000
51,000
945,000
35,000
9,540
7,414
1,4L4,893
207,535
1,483,777
206,792
1884, over dividend
past six months and what the fixed charges
precedence of the interest on the “B ” bonds.
43
Among all the plans put forth by embarrassed railroads none
have been more straightforward and commendable than this.
515,520 It is impossible
for bondholders to get more out of a railroad
287,243
property than there is in it; and when they have secured a
$
careful management and get all the net earnings applied to
443.087
2,093,079 interest on successive bonds, in the order of thier priority, they
20,164 have done far better than to engage in litigation for the purpose
of foreclosure.
It will be observed that the method pursued in
3,162,330 this case, giving prior bondholders full recognition of thei r
$
1,689,798 rights (the ever-present floating-debt holder does not appear),
53,579 paying one-half the “ B ” coupons in cash, and promising to pay
the scrip as soon as future earnings permit, is a very model of
1,743,377 fair treatment for bondholders, and it is about as different
1,418,953 from the methods pursued in the Houston & Texas Central ana
the Scioto Valley cases as daylight is from dark.
It is not
known who are the principal holders of “B” bonds, or why
1834.
the Chesapeake & Ohio proposal is so different from the others,
$
1,418,953 but most assuredly the Chronicle is inclined to do justice to
332,446 Mr.
Huntington, and all other railroad managers, when they
abandon skirmishing and legal technicalities, and offer to deal
1,751,399 with stock or bond holders in business methods that seem emi¬
$
nently fair and just.
442,523
The notice to holders of the $15,000,000 “B” bonds is
53,u00
1,120,0 tO substantially as follows :
35,000
45,048
The operations of the Chesapeake and Ohio Railway Company for the
have been for the
OPERATIONS AND FISCAL RESULTS.
1883.
1882.
1881.
Passengers
511
THE CHRONICLE.
2, 1885.]
are
1,695,576
55,823
and all charges,
$1,076,557.
that take
six months precediug May
show the following results:
Gross
Gross earnings over operating expenses
The tixed charges payable in cash for the
been:
on
NEWS.
Baltimore & Ohio.—The Philadelphia branch is
to completion with vigor, and the routes through
being pushed
Philadelphia
reported to have been fixed upon. It is expected that the
plans will be filed with the Department of Surveys in a few
days, and an application will then be made to City Councils
for the right of way along the east line of the Schuylkill
River, and to connect the new line with the Reading Railroad
at Pennsylvania Avenue, and also across the lower part of the
city to Dickinson Street wharf, on the Delaware, where, it is
said, the Baltimore & Ohio Railroad will construct coal piers,
$1,618,252
1.178,458
earnings
Operating expenses
Interest
GENERAL INVESTMENT
1,1385 (March and April being estimated),
like period have
$169,793
$2,279,000 purchase money bonds.
2,000,000 Series “ A ” bonds.
2,000,000 1911 bonds.
$18^,370
26,460
ct. on $6,279 000 bonds
Interest on equipment Trust
Taxes (estimated)
Betterments (estimated)
3 per
18.0 m
20,e00— 252,830
are
grain elevator and freight sheds.
Bankers’ & Merchants’ Telegraph.—A suit has just been
begun in the Supreme Court by the Farme rs’ Loan & Trust
Company against the Bankers’ & Merchants’ Telegraph Com¬
pany of New York to foreclose a $10,000,000 mortgage.
The
Bankers’ & Merchants'Telegraph Company of New Jersey,
Pennsylvania and Maryland in 1883 all leased their rights to the
New York company and then joined in making a mortgage
to secure bonds to the amount of $10,000,000, of which the
Farmers’ Loan & Trust Company was made the trustee. Since
then the company has been placed in the hands of the receiv¬
ers.
Some time ago upon a statement made to the Supreme
Court to the effect that all affairs of the company could be
settled with receivers’ certificates, the Court gave permission
for the issuance of $1,500,000 of such certificates, provided
the receivers believed they could, with them, place the com¬
pany in proper condition once more. The certificates were
issued, but now the Trust Company allege that the company
is insolvent and that the certificates cannot put the company
into good shape.
Cairo Vincennes & Danville.—Mr. Anthony J. Thomas of
New York, one of the receivers of this road, and trustee for the
original bondholders, has arrived at Cairo, Ill., and is actively
engaged in reorganizing and getting matters in shape under
a
administration.
Canadian Pacific.—A press dispatch from
the
30
$216,963
earnings
In view of the fact that, owing to the unfavorable conditions attending
railroad tratlic, the earnings of the company, notwithstanding great
about onebonds, tho
question was presented for determination by the directors whether the
company should attempt to borrow money to make up the detioiencj”;
economy
half part
in administration, have been only sufficient to pay
of i he interest maturiug May 1, 1885, on the “ B ”
but after careful consideration the board has reached the conclusion
that under existing circumstances the true interests of the holders of
the securities of the company would uot be promoted by the payraeut
with borrowed money of die unearned portion of this interest instal¬
ment. -It has therefore been determined to pay in cash one-half part
the coupons of the *‘B” bonds lulling due
to
of
May 1, 1835, and
issuo
scrip for tbe remainder thereof, payable out of net o timings of the
railway company above oxpeuses and tixed charges as they accrue, all
liens for tho unpaid portions of coupons being preserved as security
for 6uch
deferred interest scrip as
scrip, if any.
Coupons are to be presented
ing, New York City.
New York, April 25, 1385.
of
against coupon holders uot accepting
at the oflioo of the company, Mills Build¬
Edw. T. Tournier, Treasurer.
Cincinnati Hamilton & Dayton.—Subjoined is a statement
earnings and expenditures for the year ending March 31 :
1884-85.
1883-84
Earnings
(Approximate).
$2,952,289
$2,833,271
$808,583
$992,001
071,665
2,083,705
Expenditures.
Net earnings
Fixed charges
;
*1,811,269
$320,336
Balance
Dividend, 3 per cent on common
Out of which a
stock
dividend of 3 per cent has been
declared, payable May 1, 1885
Io5,009
105,000
new
Ottawa, April
says:
A definite programme
aid to tlie Canadian
agreed
by ilio Gov¬
tlie common
unissued, which is
for the advances made by loan
issue bonds
$20,090,009 will be takf n by the
in regard to Government
Pacific Railway appears to have been at last
upon
ernment and it9 supporters in tbe caucus to-day. Out of
stock of the company there remains $35,0o0,000
held by the Government as part security
of the last session. It is proposed to cancel this stock and
for an equal amount, of which issue
Government in re-payment to that extent of the loan of
last year. There will then remain a
bond issue in the hands of this company, $s,000,000 of
handed over to the Government as security for an issue of
Dominion Treasury notes, which amount is
-
Balance of
Leaving a surplus of
$110,336
Columbia & Cxreenville.—The earnings of this road for the
six months ended 31st March last were $481,838, an increase
of $71,521 over same time last year.
The expenses were
reduced $23,208, and the net earnings were $285,178, an
increase of
$94,729.
Danville Olney & Ohio River.—The special master lias
filed
liis report at Springfield, Ill., allowing claims to the
of
$30,000,009
balance of $15,000,0 »0 of the extent of $1,100,547; disallowing $58,435, with $40,733 pend¬
which will be ing.
$5,000,000 in
required immediately to pay
Denver Western & Pacific.—It is stated that this railroad
floating liabilities. The balance of $7,000,000 of the bonds to be retained has been sold for $300,000, to pay the interest on its bonds.
by the Government, to be paid over wlien the Government are assured
The purchaser was Mr. Orahood, attorney for the Union Paci¬
that a like amount has been invested in the road over and above Gov¬
ernment subsidies. The 21,000,000 acres of unsold laud belonging to
fic Railway Company.
the company will be retained by the Government, who will also hold
the Algoma*Branch of the road as security for the $10,000,000 unpaid
Fort Madison & Northwestern.—The management of this
of the loan of last session, as well as to meet the interest on bonds
company
has addressed a circular to the bondholders wherein
should the company at any time Hud itself unable to do so out of its own
it is proposed to reorganize as the Iowa & Northwestern
revenue.
Co. To issue under a new deed of trust $1,400,000 of
Chesapeake & Ohio.—This important railroad company, Railway
first mortgage 6 per cent 40 year bonds, being at the rate of
which is the chief of the C. P. Huntington railroads east of the
Mississippi River, is unfortunately embarrassed for the second $14,000 per mile. To use these new bonds to retire all the
present outstanding bonds, being about $320,000.
Change
time in its history, and makes default on part of its May
the gauge of the road now constructed.
Complete the entire
mterest.
line (100 miles) as a standard gauge railway with suitable
It is proposed by the company to pay in cash one half of the
To accomplish these desired results bondholders
May coupon on the series “B” bonds, giving scrip for the equipment.
are asked to state at what prioe they will take the new bonds
other half-coupon, payable out of future net earnings as they
in exchange for the old or what price for their old bonds in
accrue.
In support of this arrangement the company issues a
cash.
very plain and simple statement showing what the earnings
THE
512
CHRONICLE.
Grand Trnnk of Canada.—The report of the directors of
the Grand Trunk has been issued.
The continued falling
in the receipts of the road is attributed by the board to
olf
the
commercial depression and to the decline in passenger business,
while rates have been lowered by undue competition.
The
total decrease in net receipts for the year as compared with
1883
decrease of £64,000.
Indiana State Bonds.—A dispatch from Indianapolis, Ind.,
April 30, said : “The new State House bonds were sold to-day
to Mr. Walter L. Stanton of New York, who secured the previ¬
ous issue of $1,185,000.
There were three bids, but Mr. Stan¬
ton’s bid was the only one given any consideration, as it was 11
11 per cent premium on the $500,000, bearing 3*4 per cent
working
expenses
shows
a
interest.”
Company by Judge Walker, of the United States Gircuit
Court, on the application of George J. McGourkey, of New
York.
In August, 1883, C. It. Cummings, President of the
road, gave McGourkey a promissory note for $320,000, to bear
interest at the rate of 7 per cent. The company now confesses
.judgment for the principal and interest unpaid since November
1, 1884, amounting to $330,820. Vice-President J. II. Cheney
made receiver.
Louisville & Nashville.—The gross and net earnings of
this company for March and for nine months, in 1884-5 and
1883-4,
were as
,
Grossearnings
Expenses
Net earniuvs
Northern
and from
July 1 to Dec. 31...
January
February
Gross
1884-5.
Earnings.—.
,
1883-4.
1884-5.
1,187,738
570,332
421,175
$10,041,793 $11,037,351
$4,010,854
$1,299,768
,—3 mos, Jan. 1 to Mar. 31-n
1885.
1834.
,
$219,320
131,245
$210,293
134,083
$645,951
38 4,513
$048,675
401,080
$35,075
$70,244
$2G1,437
$247,595
Centra!.—The earnings and expenses for
March
January 1, in 1884 and 1885, have been:
Gross earnings
March.
1884.
.
Jan. 1 to Mar. 31.
1885.
1884
,
»
$483,300
$462,564
$1,276,625
$1,271,022
254,954
280,431
743,668
832,422
Net earnings
$228,405 $182,133
$532,956
$438,600
Northern Pacific.—The gross and net earnings for nine
months of the fiscal years 1884-5 and 1883-4 are as below;
...
in net
earnings
deducted
as
shown, rentals and taxes have not been
:
/
Gross Earnings.
1883-4.
1384-5.
v
July 1 to Dec. 31.$6,627.719
January
553,582
February
509,964
Match
691,612
$0,617,939
mos...$8.442,877
$8,731,132
614,102
520,035
978.956
Ohio Central.—From the receivers*
$7,100,220 $7,704,865 $3,172,6S4 $3,272,817
1.170.749
1,039,317
456,9-0
303,442
1,015,431
404,858
1.083,308
302,304
1,281,516
Marcli
Xet Earnings.
,
1883-4.
March.
1884.
1385.
1885.
Total 9
follows:
/
$207,218. What interest is included
Norfolk & Western.—The gross and net earnings for March
and for three months from January 1, were as follows :
Operating expenses
Lake Erie & Western.—At Cleveland, Ohio, April 25, a
receiver was appointed for the Lake Erie & Western Railroad
was
Interest, rentals and taxes amounted to $05,307, making the
total deficit for the quarter
in this is not stated.
A similar comparison in regard to the
£521,000.
was
[Vo:. XL.
28, 1885
Xet Earnings.
1833-4.
1884-5.
$3,359,509
$2,920,615
113,008
08,009
104,809
237,138
91,282
489,846
$3,877,724
$3,006,532
3
balance sheet to Feb.
:
$317,397
Operating expenses, five mouths
Rentals, tracks and taxes, live months.
7,016
38.000
Equipment
19,040
16,052
Taxes
Contraction
Gross
$137,968
earnings, five months
'
Total 9
mos
May 1 this company surrenders to the Western Railroad
of Alabama the fifty miles of that road from Montgomery, Ala.,
to Selma, which it has leased since 1880. The lease was for five
years and consequently now expires, and a Montgomery dis¬
patch says it is not to be renewed.
—On
Marquette Houghton & Ontonagon.—The statement of
earnings for the fiscal year ending Feb. 28 is follows :
1884-5.
1883-4.
135
$902,158
Expenses
14G
$819,198
488.907
509,8-3
luc.
11
Dec. $82,960
Dee. 20.916
Net earnings
$330,291
$392,334
Dec. $62,04 3
Mileage
Gross earning**
Louis.—The committee of the
of this (Nickel-Plate) railway
meeting this week, and the Counsel reported
New York Chicago & St.
mortgage bondholders
first
company held a
that the committee had been allowed tointeivene
by the Court
Cleveland, and that it would have a hearing next week on
the application to issue some $3,000,000 of receivers’ certificates.
It is understood that the committee has received semi-official
intimations that if the bondholders would accept a lower rate
of interest with the gurantee of the Lake Shore Railroad
Company, an exchange of securities might be made without
litigation or foreclosure proceedings. The proposal had not
assumed a shape that permitted the committee to take definite
action. No default on the first mortgage bonds has been made,
and it is not known that the company will default on the next
interest on June 1. The April interest on the equipment bonds
was passed, and the first instalment of the $4,000,000 princi¬
pal, which is payable in ten years, will fall due on October 1.
at
New York & New England.—The gross and net earnings
for the fiscal years 1883-81 and 1884-85 by months are as fol¬
lows
:
/
Gross Earnings
1831-5.
1833-4.
.
/
Xtl Earnings
1884-5.
*
18S3-4.
February
239,049
230,420
220,097
252,003
73,495
$105,422
42,183
Def. 115,180
10,929
40,248
March...
203,934
259,472
98,030
52,015
Total 6 mes... $1,520,912
$1,040,511
$447,213
$141,615
October
November....
December
January
'
$306,992
254,4.0
$365,877
310,092
215,421
243,040
$105,908
63,303
51,019
49,792
—Judge Shipman, sitting in the
United States Circuit Court
Hartford, Conn., has issued an order of reference in the
petition of the trustees of the American Loan & Trust
Company for payment for the use and injury of cars of the
New England car trust, series “A” and “B,” leased by the
New York & New England Railroad.
The order appoints
John Lowell, of Boston, special master to hear the evidence.
at
Oregon Navigation—Northern Pacific.—In regard to the
lease of the property of this company to the Union Pacific and
Northern Pacific, Messrs. Oakes, Harris and Stackpole of the
Northern Pacific met, with Messrs. Ames and Atkins of the
Union Pacific, at the Union Pacific’s office in Boston, to. con¬
sider upon what terms they would accept the lease of the
Oregon Navigation lines. The Northern Pacific people who
recently investigated the condition of the Navigation Company
report that the latter can earn about 4 per cent dividends. It
has over $1,000,000 of floating indebtedness and $1,200,000
scrip falling due in 1886 and 1887.
In April, 1884, an injunction was granted to a holder of
Oregon Steamship Company stock preventing Oregon Naviga¬
tion from issuing consolidated bonds and forbidding a lease of
Oregon Navigation to Northern Pacific* or to any other com¬
pany, without the filing of an indemnity bond to the amount
of $300,000.
A copy of this injunction has been served on the
Union Pacific.
The injunction can be set aside by the filing
of a bond for $300,000.
—The Northern Pacific Railroad Company has begun a suit
in the United States Circuit Court against the Oregon & Trans¬
continental Company for the recovery of $628,097, with interest
from Dec. 31, 1883, which it claims to be due it on the balance
The Oregon & Trans-Continental Company has a
of accounts.
claim of several millions against the Northern Pacific, one
item of which is a charge of about $1,000,000 for commissions
and fees in certain financial operations.
The accounts on both
sides are a relic of the Villard management, which left the
mutual accounts of all the kindred companies in great con¬
fusion.
Philadelphia & Reading.—On Thursday,
April 30, the Bar-
tol and Whelen committees, representing respectively the gen¬
eral mortgage bondholders and the other
held a lengthy session and unanimously agreed upon a settle¬
ment of the conflicting interests.
The action of the committee
is to be revised by the members, and the result will then go to
the Reading managers, and if endorsed will be presented to
the general mortgage bondholders at a
to
parties interested,
early next week by Chairman
posed reorganization lias not
meeting
be called
Bartol. The new plan of pro¬
been made public, and all the
pledged to secrecy, but the
plan will probably be acceptable, and private dispatches from
Philadelphia, May 1, give an outline of the plan, as follows:
“Pay interest on general mortgages in cash, January coupon,
alternate July coupon in scrip redeemable out of first earn¬
ings (that is, one semi-annual coupon in cash and the other in
scrip). An assessment of $10 per share on stock, 10 per cent
on 'first and second consol 5s, 20 per cent on all under this
All committees have signed an agreement to this effect.
loan.
members of the committee were
If juniors do not come into this arrangement, the road will
Pennsylvania & Ohio.—Notice is given that de¬ be loreclosed, and those who do not come in will be debarred
ferred warrants for unpaid coupons of first mortgage bonds altogether.”
—In the U. S. Circuit Court, Judge McKennan has granted
of New York Pennsylvania & Ohio Railroad will be received
an order that the Reading receivers should pay the interest on
for exchange into bonds on and after May 4.
the floating debt until the further order of the Court.
But
New York West Shore & Buffalo.—The statement of the
Judge McKennan gave the lawyers to understand that they
receivers for the quarter ending Dec. 31, 1884, has been filed would have to renew the
application at the end of thirty days,
with the Railroad Commissioners, and makes the following
and that the Court would then act as it thought right. This, it
New York
showing:
Gross earnings
Operating expenses, excluding taxes
Deficit
$1,059,180
1,132,817
$123,637
11,725
Income from other sources
?
Net loss
$111,912
is held, will not interfere with the plan to extend
debt for three years, as the contract gives holders
sell in
case
of any act of
the floating
the right to
the Court which may endanger
them.
—The receivers of the Philadelphia & Reading Railroad
Company have sent to New Y"ork the last instalment of money
with which to pay
the interest of the Jersey Central Company
May 2.
THE CHRONICLE.
1885.]
falling due on April 1. The money has been sent in instal¬
ments of $20,000 since the Court ordered that the interest
should be paid. The receivers will not be able to meet the
May interest of the Jersey Central on the day of maturity, but
will provide for it out of the net earnings of the company, as
they did in the case of the April interest, and think they will
provide for the whole of it before July 1.
—The result of the
joint operations of the Philadelphia &
Reading Railroad and Coal & Iron Co. in the month of March
(including Central of New Jersey Railroad, leased), was a de¬
crease of $128,633 in gross earnings and an increase of $10,237
in net, compared with March, 1884.
For four months from
Dec. 1 there was a decrease in gross earnings of $824,870 and
an increase in net of $29,563, compared with 1883-84.
Gross
,
1834-5.
$3,390,385
December.-.
January
February
March
2,691,155
2,76 4,267
2,973,971
Totalfor 4 mos. $11,819,778
Rochester
&
Receipts.
,
1383-4.
Net Receipts.
/
1884-5.
1833-4.
$1,408,090
3,17-4,819
2,959,121
$371,457
$779,447
542,555
' 609.075
667,466
547,848
$12,641,618
$2,627,199
$2,597,636
3,102,603
613,112
602,875
Pittsburg.—A dispatch from Rochester
refuses to give a decree of foreclosure in
Rochester & Pittsburg, and orders a
The Brown party say this will simply
says: “ Judge Angle
the matter of. the
further accounting.
delay the entering of a decree a couple of weeks.”
St. Louis Hannibal & Keokuk.—Judge Treat has made an
order directing the Master in Chancery to ascertain the number
of bonds outstanding under the mortgage in which DeWitt
C. Blair is trustee ; to ascertain the exact amount receivers’
certificates issued by tlie receivers ; to ascertain the amount of
statutory and other liens, including taxes; and to report these
matters with all possible speed preparatory to a foreclosure.
Shenandoah Talley.—The committee appointed at a recent
meeting of the first mortgage bondholders of the Shenandoah
Valley Railroad to investigate the condition of the road have
drawn up a circular which will be mailed to every bondholder.
This circular says that the peculiarity of the mortgage under
which the bonds were issued was discussed, particularly tlie
clause which recites that no holder of a bond or bonds shall
have the right to institute any suit for foreclosure or for the
appointment of a receiver unless a majority in amount of the
hold ers of bonds then outstanding shall join in the proceed¬
ings, and declares that in view of this it was resolved to solicit
the co-operation of other bondholders in proceedings solely for
the purpose of protecting the first mortgage bondholders.
The committee then reported the following as the business
of the company:
Gross
earnings, 1883
Operaliug expenses, 1883
$354,415
662,157
Net earnings
Gross earnings. 1884
$192,257
$742,371
613,015
Operating expenses, 1814
earnings
$129,356
It is urged that the expenses are far beyond what they
should be, and that a large saving can be made by economical
Net
management.
meeting of the directors
Pennsylvania Railroad has just been held in
Philadelphia, at which were present, among others, H. McK.
Twombly, of New York, and Franklin B. Gowen, George
DeB. Keun. and R. K. Sheldon, of Philadelphia.
Robert H.
Sayre, the President, said that the work on the road could be
completed and the line equipped ready for operation for the
amount already subscribed by promoters of the enterprise.
He had, he said, inspected the road, and was satisfied that it
could be completed, as to grading and track-laying, by tlie
time of the completion of its longest tunnel, which was to be
finished July 1,183G. The road begins at the Reading Railroad
tracks on the north side of the S isquehanna River at Harris¬
burg, crosses the river on a bridge, and thence runs up the
Cumberland Valley to Carlisle ; thence to Bedford, and thence
through Somerset County, where it makes a junction with
the Pittsburg & Youghiogheny Railroad, which is in operation
to Pittsburg.
The expenses of construction are met by
monthly installments of 5 per cent on the amount subscribed
—$15,000,000—of which William H. Vanderbilt has one-third.
Reports state that efforts were recently made to induce the
Pennsylvania Railroad Company to buy this property, but
South Pennsylvania.—A special
of the South
without
success.
Tonawanda
Talley & Cuba.—Mr. Bird W. Spencer, late
Treasurer of the Erie Railroad, is receiver of this company.
He applied to the Court for authority to issue certificates to the
amount of $20,000.
Hamilton Ward was appointed referee to
decide on the rights of the case.
—Mr. E. S. Bailey, dealer in fire and other insurance stocks,
has removed from No. 7 to No. 5*£ Pine Street, room 11.
He
will be glad to meet his old friends and patrons in his new
quarters.
—Messrs. Taintor & Holt have removed to No. 2 Wall Street,
where their many friends and customers will find them pre¬
pared to transact business in larger and
ihan before.
more
beautiful offices
Spue (SPcroxmemal 'Jaimes.
COMMERCIAL
EPITOME.
Friday Night,
The differences between Great Britain and
May 1, 1S85.
Russia
were
on
Wednesday believed to have made such progress that war was
inevitable. An excited speculation in food staples followed
and there was a semi-panic in cotton.
Since then the want of
confirmation to the more disturbing reports has been attended
by a reaction in speculation, and at the close there is a pause,
awaiting developments. The weather has continued fairly
seasonable, and the reopening of the Straits of Mackinaw and
the Welland Canal promotes the resumption of the naviga¬
tion of the great lakes.
General trade is quiet, but manufac¬
turing improves.
The speculation in lard futures has been only moderate at
variable prices. Some improvement, caused by the warlike
foreign advices, has been more than lost in the past two days,
and the close is at 7*13c. for May, 7‘19c. for June, 7*28c. for
July and 7*36c. for August. Spot lard is also depressed at the
close ; prime city, 7c.; prime Western, 7T5c., and refined for
the Cantinent 7’40c.
Pork is dull and weak at $12 75@$13for
mess, $13@$13 25 for family and $14@ $14 50 for clear. Pickled
cutmeats sold briskly early in the week, and hams were dear¬
er, but the close is dull at 5Jg@6b£c. for bellies, 5j^c. for shoul¬
ders and 9^4@91^0. for hams.
Smoked meats remain nearly
nominal.
Beef firm; extra mess $11 50$$12 and packet $12
@12 50 per bbl., and India mess $25@$27 50 per tierce; beef
ham3 quoted at $19 50@$20 per bbl.
Tallow is steady but
quiet at 6c.; stearine, 7;>s@7/8c*» and oleomargarine, 7^c.
Butter is dull at 20@27c. for new creamery.
Cheese is unset¬
tled; old State factory. 6@ll^c.; good to prime new do., 10@
11c.
The slaughter of swine at the West has continued to make
active progress, amounting at eight towns to 681,668 head
since March 1, against 441,856 for the corresponding period
The following is a comparative summary of
last season.
aggregate exports from October 27 to April 25 :
•
Wheat, bush
Corn, bush
Flour, bb!s
1883-4
1884-5.
36,690.841
,
Inc.
29,933,459
6.707,482
26,953,381
Inc.
9,040.433
5,118,723
Inc.
: 96,978
active on the spot as well as
35,993,814
6,115,701
Brazil coffees have been more
for speculation, but under a free
have again given way ; fair cargoes
selling movement prices
of Rio are i£c. lower at
S^gC., and options are
lower, closing with sellers at 6*55c.
for May, 6*75c. for July, 695c. for September and 7’10c. for
Mild coffees have been more steadily held and
November.
quieter. Raw sugars have had a very active trade and are
dearer ; quotations for fair to good refining grades are
advanced i^c., to 4^.4@4JyC.
Refined sugars are also dearer ;
crushed, 6^gC.; standard, 5%c. Molasses has been purchased
very freely for export to Great Britain, and new crop Cuba,
50 degrees test, is
dearer, at 18c. per gallon. Teas have
had a moderately successful auction sale, but the speculation
has remained dormant, with prices nominally cheaper.
Kentucky tobacco has been quiet, and the sales for the
month are only 1,525 hhds., against 3,889 hhds. in April, 1884.
The sales for the pa«*t month embrace 967 hhds. for export, the
remainder to manufacturers and jobbers.
The receipts were
8,110 hhds., against 12,669 hhds. in April, 1884. Lugs, light
and heavy, are quoted at 6@7%c.t and leaf 6)£@12c.
Seed
leaf has continued in demand, especially for Pennsylvania
growth, and sales for the week are 900 cases, as follows: 300
cases 1883 crop, Pennsylvania, 8@ lS^c.; 100 cases 1882 crop,
Pennsylvania, 5J^@ 11c.; 200 cases 1381 crop, Pennsylvania,
5^@10c.; 150 cases 1883 crop, Little Dutch, private terms,
and 150 cases 1883 crop, New England, 10@13e.; also 300 bales
Havana, 68c.@$l 10, and 150 bales Sumatra, $1 10@$1 GO.
Crude petroleum certificates have been more active, and
prices have taken a wider range, advancing smartly yesterday
and declining to-day, closing at 79@79){|c. Business early in
the week was very large in refined for export, but the close is
quiet. Crude in barrels quoted at 7@7}^c.; refined in barrels
for export, 7%@7JqC., and in cases, 8J4@10^c.; naphtha, Gjygc.
The two Exctianges -were consolidated to-day.
The specu¬
lation in spirits turpentine has quite subsided, and prices are
weaker, but to-day recovered, with sales of 500 bbls. for July,
Aug. and Sept, at 31c. and quoted at 32J>£c. on the spot.
Rosin remains dull at $1 05@$1 08 for common to good
strained.
There
The movement in \vrools has subsided.
firmer feeling in metals early in the week, but
latterly little of interest has transpired. At to-day’s Exchange
pig-iron certificates were nominal; offered at '$17, with $16@
$16J>£ bid. Tin quiv t but firm at 17‘85@1810c. spot; 17 65c.
@17*75c. for futures. Tin plates steady at $4 22)£@$i 27}£.
Copper dull but firm at ll*35@ll,60c.; Lake, 10 70@llc.;
Orford, 10,60@10,95c. Baltimore.
Lead nominal; S^c. bid
for domestic. Spelter neglected.
Ocean freights were very active on Tuesday and Wednesday*
The engagements of room for grain and petroleum were
especially active, and rates made some advance; but yesterday
and to-day very little was done, and rates became unsettled
was a
—The long-established cotton commission firm of Messrs.
Hopkins, Dwight & Co. have removed from 134 Pearl Street
io handsome offices in the new Cotton Exchange Building.
andncminal,
543
[Vol. XL,
THE CHRONICLE.
544
COTTON.
1885.
Friday, P. M., May 1,
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (May 1), the total receipts have reached 14.746
bales, against 19,122 bales last week, 23,723 bales the previous
week and 21,808 bales three weeks since; making the total
receipts since the 1st of September, 1884, 4,658,686 bales, against
4,713,319 bales for the same period of 1883-84, showing a
decrease since September 1, 1884, of 51,633 bales.
Mon.
Sat.
Receipts at—
61
329
Galveston
Indianola, &c.
Mobile
Savannah
Brunsw’k, &o.
....
....
275
123
Royal, &c.
Wilmington....
Moreh’d C.,&o
Pt.
•
•
21
Norfolk
WestPoint.&o
....
49
New York
Boston
....
178
32
81
141
63
872
3,149
....
....
....
2
749
327
566
53
46
34
718
201
226
41
11
529
1,087
849
438
32
13
1,936
504
2,813
2,790
2,633
14,746
....
1,318
1,914
81
1,243
1,076
....
Totals this week
1
26
2
....
11
50
74
585
10
3 LO
50
122
....
Philadelp’a, &c.
15
....
107
50
33
....
....
....
....
....
82
49
331
....
Baltimore
4
....
10
4
....
• •
4,032
«...
....
12
22
184
41
31
....
....
....
....
....
128
57
Charleston
1,670
....
....
353
23
....
....
...
1,210
20
49
....
Florida
521
1,144
585
....
mmmm
....
....
New Orleans...
827
87
175
82
93
Total.
Fri.
Thurs.
Wed.
Tues.
In addition to above exports, our telegrams to-night
the following amounts of cotton on shipboard, not
at the ports named.
We add similar figures
which are prepared for our special use by Messrs.
& Lamliert, 89
Broad Street.
Shipboard, not cleared—for
On
1, at—
May
Great
Britain.
France.
Coast¬
wise.
Other
Foreign
Leaving
Stock.
Total.
1,997
4,844
6,707
2,233
15,781
115,660
None.
None.
None.
None.
None.
None.
400
800
18
None.
400
soo
16,840
5.422
9,262
7,000
4,000
None.
None.
None.
None.
None.
None.
None.
500
None.
None.
1,163
1.345
8,900
4,500
8,726
4,018
338,888
25,004
14,142
4,844
9,107
4,796
32,889
523,820
10.982
36.983
6,150
9,158
4.530
944
10.325
22.606
527,288
30.533
86,999
514,952
New Orleans....
Mobile
Charleston
Savannah
Galveston
Norfolk
New York
Other ports
1,145
None.
Total 1885.
Total 1884
Total 1883
also give
cleared,
for New York,
Carey, Yale
us
None.
None.
None.
1,345
1,900
between Great Britain
greatly depressed prices of cotton for future
delivery at this market. Saturday was weak, and an early
advance on Monday was followed by a decline. Tuesday
opened decidedly lower, but recovered in the later hours and
closed firm. On Wednesday there was a semi-panic, under the
lowering aspect of the relations
The
and Russia has
advancing on Herat; this
crop giving way most.
Yesterday the market partially recov¬
For comparison, we give the following table showing the week’s
ered, but business was suspended early in the day for the ceres,
total receipts, the total since Sept. 1,1884, and the stock to-night,
and the same items for the corresponding periods of last year,
mony of taking possession of the new Cotton Exchange.
Stock.
1883-84.
1884-85.
To-day the market opened active and buoyant, but became
Receipts to
May 1.
Galveston
....
3,213
Sep.
1, 1884.
Week.
Ind’nola,&o
New Orleans.
Mobile
3,471 1,495,954
131,441
16,8 40
142 387
81
77,521
42,752
3,149
714.959
1,123
647,081
10,062
5,972
9,746
50
8,031
509*024
1,263
413,683
5,322
5,901
6,657
93,465
9,601
40
80
13,629
91,517
12,535
1,369
2,798
544,472
939
572,253
5,363
6,569
84
220,331
1,165
105,169
347,793
34 6 179
3,301
170,758
6,720
2,553
26,082
3,807
48.392
6,310
11,361
9,9G2
20.053 4 713,319
556,709
549.89 t
Pt.Royal.&o
Wilmington..
50
M’headC.,jit;c
o
81
W.Point,&c.
1,243
1,076
New York...
74S
Boston
529
277,750
67,249
80,474
1,936
32,244
504
Philadol’a.&c
5
4
250,460
673
46,573
14.716 4,658.686
Total
9,394
2
310
...
9,389
50
Charleston...
Baltimore
has sold to some extent
586,217
8,472
1,353
Br’sw’kj&o
Norfolk
unsettled and variable in the later
1884.
1885.
453,437
10,773
4,032 1,496,839
178
227,899
Florida
Savannah....
Sep.
1, 1883.
Week.
827
...
Since
This
Since
This
e
8,741
.....r
7,560
7,369
comparison may be made with other years, we
give below the totals at leading ports for six seasons.
In order that
4,162
14,331
2,263
8,487
2,152
2,013
1,700
5,375
2,975
634
476
313
79
3,067
1,303
9,699
12,600
1,252
3,646
3,223
86
Galvest’n,&c.
827
1,358
4,032
3,471
178
673
Savannah....
ChaiTst’n. &c
3,149
1,123
360
Wilm’gt’n, &o
83
4,000
1,475
3,611
2.220
2,319
1,023
10,19a
3,529
3,798
11,016
7,509
6,619
13,162
6,229
All others....
9,950
5,674
Tot. this w’k.
14,746
20,053
48,761
31,423
45,535
’
25,661
Since Sept. 1. 4653,686 4713,319i 5660,670 4466.165 5396,883 4664,528
Charleston includes Port Royal, &c.;
Wilmington includes Morehead City, &c.; Norfolk includes West Point,ttee.
The exports for the week ending this evening reach a total
of 24,666 bales, of which 21,065 were to Great Britain, 1,241
to France and 2,360 to the rest of the Continent, while the
■tocks as made up this evening are now 556,709 bales. Below
are the exports for the week and since September 1, 1884. ,
Conti¬
Or eat
BriVn. France
Galveston
New Orleans..
nent.
Week.
......
000
Mobile
•
•
•
•
•
12,070
......
Florida.
......
Savannah
Charleston *...
•
......
•
•
•
•
......
......
1,124
1,124
Wilmington...
......
Norfolk*
5,740
New York
Boston
Baltimore...
2.284
......
1,300
......
......
.
Philadelp’a,Ac
1,241
8,317
2,284
......
841
400
441
Conti-
Great
Total
•
11,470
Britain. France
7,470
155,798
658,593 277,873
nent.
Total.
04,145
227,413
314,547 1,251,013
700
179,903
11,699
199,256
164,211
22,259
152,065
43,830
8,585
890,853
839,135
14,040
65.237
43,130
3,585
••••••
51,197
313,200
383,387
0,375
35,331
25,670
133,214
469
112,391
114,740
53.411
’
3,050
39,031
5,212
345,305
556,932
112,800
150,880
58.623
Total
21,005
1,211
2,300
21,066 2,233,015 30 4057
953,949;3,55l,62L
Total i
14.613
aims
12.285
30.381 2.189 262 451,249
875
•
Include* export s irom Port Koyal, &e.
+ Include^ exmrts from
—
Mon Tues
West Point, Ac
Sat.
Moil Tues
Mag 1.
Sat,
Ordiu’y.$tb
Strict OrU..
89,0
89i0
8*2
8*3lb
813la
9
9
£*■>16
9*4
9*4
101,3 101,6
10?, 0 107,fi
10 *2
Low Midd’g 10*2
107i0
Str.I/w Miu 10i 4s 101 >16 10^8
1.0%
Middling.,. 10131S 101316 19%
11
loia,e
11*16 i 1 *8
Midd’g Fair 11916 11910 11*2
Fair
123,« 1231B 12*8
Ordin’y.i^lb
91413,516.425
83s
strict Ord..
Good Ord..
95a
Str. G’d Ord 10
Low Midd’g lO^lB
8%
93ie
10
Str.L’wMid 10*2
Middling... 10*
Good Mid.. 1013]B
Str. G’d Mid 11
Midd’g Fair 1138
12
Fair
93,0
10
1 1*10
11 *4
11
127,3
123s
11
11*16
113i3
11*4
117,3
103a
103,6
I0Hl6
1013j3 1070
11
11*10
113s
1171 B
12
121,3
10%
Sat,
STAINED.
.-$11).
...
9*8
9*5,e
105,3
10^8
10*3jp
10*6,3
10*4
10%
Tit.
Fri.
85a
8**16
9*16
97s
9*16
978
10*4
10yi6
10y,3
10%
10%
107a
1078
11*10
11*16
11*8
H&16 11*4
11**16 1158
125!6 12*4
12*4
Mon Tnes Wed
10*4
9*9
9*3,0
105,3
105g
10*3,3
lO*a,0
11*4
11*8
115,0
115s
12*4
125,6
Tit.
11**10
Fri.
»
83I6
83,6
9*8
8
8
8*16
878
878
8*3,0
8**16
8**10
8%
9*2
10*fl
9**16 91*16 95a
10&16 105ie 10*4
Low Middling
Middling
Wed
8*ilfti
85s
91,6
978
1078
1078
11*16 11*16
11*4
11*4
11 ®8
1158
12*4
127,«
Fri.
Til.
lObg 109,0
10*9
10 Sg
libs
117,0 1138
11*3,3 U*31(J 11%
llbft llbrt ll-b
11**U0 11*3,6 11%
1 27,«
1 27,3 12-*
10513
...
8%
10*i« 10*,fi
107,6 107,q
11*4
10
Good Ordinary
Rtriot, Good Ordinarv.
9*4
11*16
8710
838
8*3,3
9*4
11*4
Wed
Fri.
8i3lfl
9*8
81316
11*10
838
9 He
8T8
9**10 978
10*13 10*4
=
Mon Tues
103s
103a
101 lie 10%
10%
10**10
10%
10*5,3 10*5,0 1078
10151(, lO'a,3 1078
1 1
Good Mid
Str. G’d Mid lla16
Til,'
Sat.
1
Good Ord.. 91316 91310 9%
Str. G’d Ord 10316 10316 10*8
Wed
TEXAS.
NEW ORLEANS.
UPLANDS.
April 25 to
9*2
10*8
99,3
103,3
MARKET AND SALES.
From Sept. 1,1884, to May 1,1885.
Exported to—
Week Ending May 1.
Exported to—
Exports
from—
Quotations were reduced l-16c. on Saturday and
sharply.
again on Tuesday, and Vzc. on Wednesday. To-day there was
a recovery of l-16c.,
the market closing at 10 ll-16c. for mid¬
dling uplands.
The total sales for forward delivery for the week are 535,400
bales. For immediate delivery the total sales foot up this week
2,031 bales, including 1,200 for export, 831 for consumption,
for speculation and — in transit.
Of the above, — bales
The following are the official quotations for
were to arrive.
each day of the past week.
1,252
Norfolk, &o..
Galveston includes Indianola;
dealings. Cotton on the spot
for export, prices having given way
.
New Orleans.
Mobile
1880.
1881.
1882.
1883.
1884.
1885.
Receipts at—
report that the Russian forces were
deliveries each day during the
The total sales and future
indicated in the following statement. For the con¬
venience of the reader we also add a column which shows at a
week
are
days.
glance how the market closed on same
TRAN3IT.
SALES OP SPOT AND
SPOT MARKET
CLOSED.
•
I 0on-
Ex-
Spec- Tran¬
port. sump ul’l'n
sit.
.
Sat.. Quiet at *i6 dec..
Mon
Steady
Tues. Easy at *,3 dec..
Wed
W’k&irreg.Psdc
...,i
.
mmmm
•
....!
220
mmmm
....
1,200;
222
mmmm
....
Fri.
.
Total.
.
Quiet at *,e adv.
.
.
.
•
.
.
.
....|
147
1,200;
831
mmmm
....
Sales.
Deliv
cries.
.
....
177
....
.
Thurs
65
Total.
FUTURES.
•
*
.
•
.
•
•
....
....
The daily deliveries given above are actually
previous to that on which they are reported.
65 91,800
111 72,900
220 125,000
mmmm
....
1,000
1,422 126,500
1,200
11,400
147 107,800
2,600
2,031 535,400
4,800
•
•
• •
delivered the day
found the
and
In the statement will be
table.
ing comprehensive
follow¬
Futures are shown by the
The Sales and Prices of
daily market, the prices of sales for each month each day,
the closing bids, in addition to the daily and total sales.
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Total visible
Price Mid. Upl.,
Price Mid. Upl.,
-4
a
I I
1
1
:
li
1
:
1 1:
582,200; September-December, for December, 967,800; 8eptemberJanuary, for January, 2,114,100; September-February, for February,
1,959,200; September-March, for March, 2,294,100.
Transferable Orders—Saturday, 10 75c.; Monday, 10 75c.; Tuesday,
10*70c.; Wednesday, 10’45c.; Thursday,
0.; Friday, 10‘65o.
Short Notices for April—Saturday, 10*69c. Short Notices for May—
Tuesday, 10*59c.; Thursday, 10*47c.; Friday, 10-52 2>10*58o.
following exchanges have been made during the week*.
•24 pd. to exch. 500 May for Aug.
pd. to exoh. 100 May for July.
•11
The
•14
pd.
pd.
11 pd.
12 pd.
•07
9
81,366
2,600
549,894
74,949
5,500
20,600
22«,000
632,000
103,000
356,000
559,773
125,022
12,200
221,000
32,000
99,700
174,000
292,000
240,000
358,000
65,000
112,100
314,000
58,400
330,000
64,100
106,603
421,000
12,000
46,000
3 4,000
57,000
108.500
770.900 11,606.703
8'’9,400
540.700
1,,889,675 1,931,343 2,247,727 1,787,995
tills week have been
The above figures indicate a decrease in the cotton in sight
to-night of 360,368 bales as compared with the same date of
1884, a decrease of 588,252 bales as compared with the corres¬
ponding date of 1883 and a decrease of 361,323 bales as
compared with 1882.
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
period of 1883-84—is set out in detail in the following statement;
Total, Total,
all
Litle
Houstn, Brenliam, Rock, Louisvle, Petrsbug, Raleigh, Newbrv,
new
N.
St.
Total,
old
Cincat, Charlote,
Louis,
Mo N.
towns Texas. Texas Ark. Ky. Va. C. C. towns. Ohio.
1
O’
M
6,908
© if
M
-1
©©O'lfOlW©
M
»f
X*-*
-1 W O. V X
1:
-*
DPalestin, als, Nashvile, Memphis, Selma, Macon, Augsta,
CAla* olumbs, Vicksburg, Texas. Ala Ga Columbs, Ga
Mis. Mis * La. Texas. Ten. Ten. Ga.
Rome, Atlan, Grifn, Eufal,
Ga Gn
Ga
C.
Shrevpot,
Montgm’ry,Ala.
M
'-4©*-’
-1
M
M
MM
©10*0—
X if © if
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to
12,56340 548,310
to
©
©to O'MM CO*-*
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lO
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M W >-• --1 CO *f —1 if
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tO^--J to © M If ©-|t- CubitO to M©
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to to
©©t0©C0r“|f©©O’if**J'4©l0O. O’WtO
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wek. This
RSince ecipts. Movemnt
Sept.
1,!’84.
to
>•
to
;
W
tow
-1 W © M M
to © X ►- W,
M
O’
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25, 63 2,409
:
©CXXif-
if
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if*
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if w to
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to
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w
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WWMtOWtOWxTj;
?rS
5?
May Stock
May
3,
186.
1.
|
1884, for September, 158,200; Septem¬
October, 421,800; September-November, for November,
exch. 500 Sept, for Aug.
to exch. 100 June for Aug
to exch. 200 June for July.
to exch. 800 May for June.
to exch. 300 May for June.
125*022
12’ 200
M
Includes sales in September,
•19
•26 pd. to
556,709
693,000
211,000
575,C0J
601,951
146,176
757,000
316,000
imports into Continental ports
The
18,4 1,95
pd. to exch. 100 June for Aug.
100 June for Aug.
•12 pd. to exch.
*57 pd. to exch.
•11 pd. to exch.
16 pd. to exch.
500 Oct. for Aug.
500 May for June.
300 May for July.
M
©
cm
m
M
©tO©MCOO»f
©
X ©© W
©
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if © to
X
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to
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to
Vi
683,286 508,726 25,407 50,42 3 ,371 16. 73 3,059 15,628 2,1 908
O’
*
146,176
29.600
5.500
26,000 bales.
©
ber October, lor
74,^49
57,000
559 773
supply
2 ,430,375 2,790.743 3,018,627 2,794.698
534d.
6i«d.
5Hied.
Liverpool
l2ko
lO^c.
11%C.
New York.... 10Hlfic.
►
►4
•n
34,000
601,951
il
a
a
1 d: :
i
46,000
549,894
1 ,889,675 1,931,343 2,247,727 1 L,787,995
Total East India, &c
Total American
X
X
1 ®: :
1 1:
5
-0
a
if
2
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•
ll:
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6,600
4,769
1
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S00.000
276,000
173,000
bales
S.
^
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1 ®
1 Oh
9
©06
2,980
43,000
1,542,400 1,310,000 1,263,703
421,000
330,000
344,000
356,000
228,000
575,000
2,000
Egypt, Brazil, <tec., afloat
5
a
9 9
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6 6
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6-4 0-4
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10 60 6
10
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209,603
Continental stocks
India afloat for Europe
Q
®
^
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6
319,500
London stock
N
M M *_i —*
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6606
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66
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60
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429,400
8,000
Liverpool stock
3
£
OO
I
M»-mM
9©o
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6©o 6
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u* if*, to
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66
00
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99
66
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OO
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x x
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9o9
99
66
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375,700
81,000
Total American
East Indian, Brazil, <Lc.~
66c6
to
© *0
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99©o
<
a
to
%
CO
**
HHtO«
99
1-*—
3,300
134,000
6,300
71,000
9.000
9,000
1,900
103,000
5,000
2,800
221,000
4,000
61,000
9,000
5,000
800
173,000
5,000
Continental stocks
American afloat for Europe...
United States stock
United States interior stocks..
Unitod States exports to-day..
I a®:
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toco
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,
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991,400 1,054,100
2,000
5,000
25,600
45,600
19,500
33,000
254
2,400
1,,055,000 1,114,000
3,100
5,500
4 9,000
71,500
50,000
48,000
400
1,000
American—
®
►—
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0
0
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99
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to-day..
Liverpool stock
to
6-4© 6
to-
9
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1 ®<».'
a
h-1-*
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cn ■*.’’ c ©
Total Great Britain stock
Stock at Hamburg
8tock at Bremen
Stock at Amsterdam
8toek at Rotterdam
Stock at Antwerp
8tock at Havre
Stock at Marseilles
Stock at Barcelona
8tock at Genoa.’
8took at Trieste
5S.400
990,000
64,100
Total visible supply
2 ,430,375 2,790,743 3,018.627 2,794,698
Of the above, the totals of American and other descriptions are as folio w s:
I
M
to¬
OO
s
®
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*
to
<1
Mr*;
h- >-*
X
to
1
00
6'r*:
933,000
65,000
32,000
1892.
1893.
1884.
bales. 1 ,023,000 1,049,000
United States exports
d
®
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ao:
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1
to
to CO to
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11
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a
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6
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ss
00
to
0000
eg
to
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— —
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If-
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^
the European figures are brought down
But to make the totals the comnleto
figures for to-night (May 1), we add the item of exports frem
the United States, including in it the exports of Friday only. .
Total European stocks ....1 .430,700
174,000
India cotton afloat for Europe.
Amer’n cott’n afloat for Eur’pe 173.000
1 2,000
Egypt»Brazil,&c.,afltfor E’r’pe
Stock in United States ports .. 556,709
81,366
Stock in U. S. interior towns..
©*-*
9 1 °9
-t1 © ©
-j
those for Groat Britain and the afloat, are this week’s returns,
and consequently all
to Thursday evening.
Total Continental stocks
&r*:
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Continental stocks, as well as
1885.
P<rd
.
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to-night, as made
The Visible Supply of Cotton
and telegraph, is as follows. The
Stock at Liverpool
Stock at London
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545
THE CHRONICLE
2; 1885.]
May
M
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©XO-3©WO’*—CH-tJ
-sixoifwtoxxax*
figures estimated.
The above totals show that
*
to
CO
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©to
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Recipts. Movemnt
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May Stock
May
1,
18t4.
2.
1
This year’s
the old interior stocks have
1 decreased during the week 17,983 bales,
and are to-night 6,417
,L?!
546
THE CHRONICLE.
bales more than at the same period last year. The receipts at
the same towns have been 11,318 bales less than the same
■week last year, and since September 1 the receipts at all the
towns are 231,764 bales less than for the same time in 1883-84
Quotations for Middling Cotton at Other Markets.—
In the table below we give the closing quotations of middling
tcotton at Southern and other principal cotton markets for each
day of the past week.
Week
CLOSING QUOTATIONS FOR MIDDLING COTTON ON-
ending
May 1.
Galveston
New Orleans.
Mobile
...
Savannah...
Charleston..
Wilmington..
Norfolk
Boston
Baltimore....
Philadelphia.
Augusta
Memphis
....
St. Louis
Cincinnati...
Louisville....
Satur.
Mon.
lOTie
IO^iq
10716
10516
10*4
10*6
10 Lj
103s
10^
104
11
107s
lUe
•
.
•
Wednes.
lO^lQ
10516
104s
103,6
104
104
101,8
103,6
10316
101,6
1038
104
104
104
1038
104
104
1038
10
1030
104
104
1030
lG7s
1050
114
104
104
104
10 58
104
lUld
1L
10 34
11
104
104
104
1050
1038
104
1030
103,8
10316
104
104
104
104
1038
104
104
1038
•
10 4
104
1038
104
11
10 34
Til 68.
1038
107,0
104
a)
10 L»
114
104
1039
103s
1058
iol2
103s
10-4
104
4
105,6
.
Thurs.
1078
104^^
1038
Fri.
1
078
give the receipts from plantations in another form, and add
April 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
to them the net overland movement to
1882-83.
1881-82.
Receipts at the ports to May 1. 4,058,686 4,713,319 5,660,670 4,466,165
Interior stocks on May l in
excess of September 1
71,113
33,653
147,893
97,902
Tot. receipts from planta’tns 4,729,799 4,746,972 5,803,568 4,564,067
Net overlain! to April 1
556,182
526,328
572.321
394,473
Southern consumpt’n to Apr. 1
217.OU0
236,000 240,000
190,000
Total in
Northern
sight May 1
5,502,981 5,509,300 6,620,892 5,143.540
spinners’ takings to
May 1
i
1.200.382 1,373.429 1,534.218 1,375,102
it will be seen by the above that the decrease in amount in sight
to-night, as compared with last year, is 6,3ID bales, the decrease
from 1882-3 is 1,117,911 bales, and the increase over 1881-2 is 351,441
bales.
Weather Reports by Telegraph.—Under
-
the stimulus
of
generally favorable weather, cotton-planting continues to
make good progress.
In some sections the crop is reported to
be developing finely.
Galveston Texas.—It has rained hard on two days of the
week, the rainfall reaching one inch and thirty hundredths.
The thermometer has averaged 74, ranging from 63 to 84.
The rainfall during the month of April reached four inches
and
forty-seven hundredths.
Indianola, Texas.—We have had hard rain
on
the rainfall reaching two inches
hundredths. Young crops are doing well. The
has ranged from 59 to 84, averaging 73.
During
April the rainfall reached four inches and
the
week,
hundredths.
Palestine, Texas.—It has been
three
days of
and thirteen
thermometer
the month of
eighty-seven
35*5.
highest being 84 and the lowest
Nashville, Tennessee.—We have had ra'n
the week, the rainfall reaching' fifty-four
inch. The thermometer has averaged 05,
80 and the lowest 45.
on
four
days of
hundredths of
an
the highest being
Mobile, Alabama.—It has been showery on two days of the
week, the rainfall reaching twenty-six hundredths of an inch.
Cotton-planting is making good progress and the crop is devel¬
oping promisingly. The thermometer has ranged from 61 to
86, averaging 72. During the month of April the rainfall
reached five inches and twenty-two hundredths.
Montgomery, Alabama.—It has rained on three days of theweek, the rainfall reaching eighty-nine hundredths of an inch.
The thermometer has averaged 73, the highest being 86 and
the lowest 59. During the month of April the rainfall reached
three inches and ninety-two hundredths.
Selma, Alabama.—It has rained on two days, and the
remainder of the week has been pleasant.
The rainfall
The thermometer
Auburn, Alabama.—We have had showers on two days of
week, the rainfall reaching sixty hundredths of an inch.
Crops are developing promisingly. The thermometer has
averaged 70, the highest being 83 and the lowest 59.
Madison, Florida.—We have had no rain all the week.
Average thermometer 75, highest 86 and lowest 58.
Macon, Georgia.—It has rained very lightly on one day of'
the week.
The thermometer has ranged from 55 to 86, aver¬
aging 70.
Columbus, Georgia.—We have had rain on one day of the
week, the rainfall reaching seventy-six hundredths of an inch.
Average thermometer 74, highest 85 and lowest 63. Rainfall
during the month of April, two inches and sixty-three hun¬
the
Amount of Cotton in Sight May 1.—In the table below
1883-84.
thermometer averaged 63, the
reached one inch and twelve hundredths.
has averaged 72, ranging from 60 to 83.
we
1884-85.
[Vol. XL,
dredths.
Savannah, Georgia.—It has rained
remainder of the week has been
on two days and the
pleasant. The rainfall reached
thirty-nine hundredths of an inch. The thermometer has
averaged 73, the highest being 81 and the lowest 60.
Augusta, Georgia.—The early part of the week was clear
and pleasant, but during the two
closing days we have had
rain.
The rainfall reached sixty-eight hundredths of an inch.
The rains -were very beneficial to growing
crops.
At some
points in this section cotton is up and being chopped out. The
thermometer has ranged from 54 to 92, averaging 62.
During the month of April the rainfall reached one inch and
sixty-eight hundredths.
Atlanta, Georgia.—We have had rain on two days of theweek, the rainfall reaching sixty hundredths of an inch..
The thermometer has averaged 69 4,
ranging from 57 to 83.
Charleston, South Carolina.—It has rained on one day of
the week, the rainfall reaching seventy-one hundredths of an
inch. The thermometer has ranged from 58 to 83, averaging 70.
Columbia, South Carolina.—Telegram not received.
Stateburg, South Carolina.—It has rained lightly on three
days of the week, the rainfall reaching thirty hundredths of
an inch.
Some farmers are giving increased land to cotton
this year, while others are putting
in less cotton and more
corn.
Planting is about completed in this neighborhood. The
thermometer has averaged 70 3, the highest being 85 and the
•
showery on two days of the lowest 55.
week, the rainfall reaching twenty-seven hundredths of an
Wilson, North Carolina.—We have had rain on two days
inch.
Corn is growing, cotton-planting is about completed,
of the week, the rainfall
reaching fifty-six hundredths of an
and fruit promises to be abundant. The general position is fav¬
inch. The thermometer has averaged 69, ranging from 46
orable.
Average thermometer 68, highest 83 and lowest 52. to
84.
Rainfall for the month of April four inches and ninety-eight
The
following statement we have also received by telegraph,
hundredths.
ehowing
the height of the rivers at the points named at 3 o’clock
New Orleans, Louisiana.—We have had rain on five days
April 30. 1885. and May 1. 1884.
of the week, the rainfall reaching one inch and
fifty-eight
hundredths. The thermometer has averaged 76.
Ayr. b 0. 8 5 May 1 8*.
Shreveport, Louisiana.—The weather lias been cloudy dur¬
Fett.
Feet
Jric*.
ing the week, with a rainfall of fifty hundredths of an inch. New Orleans
Below high-water mark
5
3
1
11
The thermometer his ranged fiom56 to 86, averaging 71.
O
28
SO
Memphis
Above low-water mark.
Nashville
Above low-water mark.
7
It)
11
Meridian, Mississippi.—Telegram not received.
20 *
Above low-water mark.
9
21
1
Columbus, Mississippi.—We have had rain on three days Shreveport
Vtoksbursr
Above low-water mark.
37
0
45
3
of the week, the rainfall reaching one inch and sixteen hun¬
New Orleans reported below high-water mark of 1871 until'
The thermometer lias averaged 71, the highest
dredths.
being 88 and the lowest 52. Rainfall during the month of Sept. 9, 1874, when the zero of gauge was changed to highwater mark of April 15 and 16, 1874, which is 6-10ths of a foot
April three inches and sixty-five hundredths.
Leland, Mississippi.—The weather was pleasant all the above 1871, or 16 feet above low-water mark at that point.
week up to Wednesday, when rain began to fall. The rainfall
India Cotton Movement from all Ports.
We have
reached seventy-three hundredths of an inch. The ther¬ re-arranged our India service so as to make our
reports more
mometer has averaged 57, ranging from 45 to 83.
detailed and at the same time more accurate.
We had found
Little Rocky Arkansas.—It has been cloudy on two days of it impossible to keep out of our figures, as cabled to us for the
the week with rain, the rainfall reaching one inch and four¬ ports other than Bombay, cargoes which proved only to be
teen hundredths.
High-water has done some damage but is shipments from one India port to another. The plan now
now receding, and all danger will soon
be past. The ther¬ followed relieves us from the danger of this inaccuracy and
mometer has ranged from 52 to 83, averaging 68.
We had keeps the totals correct. We first give the Bombay statement
rain on nine days in April, and the rainfall reached five inches for the week and year, bringing
the figures down to April 30.
and sixty-six hundredths. The thermometer averaged 63 and
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
ranged from 40 to 83.
Shipments this week. Shipment* since Jan. 1.
Receipts.
Helena.Arkansas.—It has been showery on two days and
The remainder of the week pleasant. The rainfall reached Year Great Conti¬
Great | OontiThis
Since
Total. Britain
Total.
BriVn. nent.
nent.
Week.
Jan. 1.
eighty-eight hundredths of an inch. Crops are growing finely.
The thermometer has averaged 04, the highest being 84 and
18S5J 13.000 2(1,000 33,000 111,000 251,000 365,000 54,000 562,000
the lowest 51.
Rainfall for April four inches and seven hun¬ 1334 25000 70,000 95,000 308,000 4 21,000 729.000 93.000 961,000
,
-
'
O
()
—
\
dredths.
1383j35,000 43,000 S3.0O0 25t.OOOj 184.000
Memphis, Tennessee.—It has rained on four days of the
week, the rainfall reaching eighty-eight hundredths of an
inch. We have had good growing weather. Average ther¬
i
mometer 68 5,
highest 82 and lowest 53.
It rained
on
fourteen
days in April, and the rainfall reached three inches.
The
1882 53,000 40,000 93,000 518.0001310,000
731.000 79.000 1.057,000
828,000 72.000 1 066,000
According to the foregoing, Bombay appears to show a
compared with last year in the week’s receipts of
39,000 bales, and a decrease in shipments of 62,000 bales, and
the shipments since January 1 shew a decrease of 364,000 bales.
decrease
81
May 2,
THE CHRONICLE.
1885.]
and other India ports for
1st of January, for two
vears, has been as follows.
“Other ports” cover Ceylon,
ituticorin. Kurrachee and Coconada.
The movement at Calcutta Madras
•the last reported week and since the
were read, the benediction was
Sweet Home” played by the band, and
telegrams
Shipments since January 1.
Conti¬
Great
Britain.
^Calcutta—
2.000
4,000
1835
Great
Britain.
Total.
nent.
9,000
2,000
11,030
57,000
13,000
82,000
3S.000
120,000
4,000
12.500
4,600
17,100
5,000
1885
1884
4,000
16,5 CO
13.500
20,500
37,000
3,030
16,500
66,500
108,000
31.500
45 600
153,600
5,000
'Total all—
7,000
5,000
9,000
2,COO
1885
1884
4,000
Total.
46.000
Madras—
1885
1884
All others—
Continent.
13.000
98.000
The above totals for the week show that the movement from
the ports other than Bombay is 6,000 bales less than same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1885, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL INDIA.
1884.
1885.
Shipments
to ah Europe
from—
Bombay
This
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
«
365,000
93,000
95,000
729,000
153,600
83,000
2.000
738,000
13,000
463,000 108,000
882,600
85,000!
816.200
All other ports.
1
Total
1883.
-JOs, COCO CO
78,200
1
40,000
This last statement affords a very interesting comparison
4he total movement for the three years at all India ports.
of
Alexandria Recelpts and Shipments.—Through arrange¬
ments we have made with Messrs. Davies, Benaclii & Co., of
receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Liverpool and Alexandria,
we now
At the
1882-83.
1883-81.
1884-S5.
April 29
on last Saturday, April 2o,
the discussion of the proposed
change in the delivery laws for a fortnight.
East India Crop.—Messrs. Wallace & Co.’s Cotton Report,
dated Bombay, March 27, furnishes the following:
“
The deficiency between tills
about at its maximum, unless
year’s ctop and last is now probably
the Dbollerali crop should turu out
smallor than anticipated. All descriptions are, however, quite a month
late this season, and although the general opinion amongst natives
seems to be that higher prices will be ruling later on, still we do not
think it likely that much will be purposely held back into the rains, but
rather that they will endeavor to make sure of the present good Rupee
prices, which are now some Rs. 8 to R*. 10 higher than at same time
last year, especially as holding brings them into closer competition with
the next American crop.”
The Bombay Prices Current of the same date remarks:
“
It is still said in some quarters that the deficiency in receipts is
largely due to cottou being held back, but at the existing level of prices,
which wc should say roughly is quite 25r. per candy more than the cul¬
tivators could have expected at the time of planting, we attach little
importance to that idea. We shall get large supplies no doubt during
April and May, but we question very much whether they w 11 top last
year's figures for the same interval, and oar own opiuioa is that the
crop is short by fully the deficiency now apparent.”
Comparative Port Receipts and Daily Crop Movement.
—A comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of
the month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
for
movement
the years named.
The movement since
September 1, 1884, and in previous years, has been as follows:
This week....
Since
10,000
3,578.000
Sept. 1
This
Since
week.
Sept. 1.
Exports (bales)—
To Liverpool
2,000 £92,000
To Continent
5,000 178,000
7,000 470,000
Total Europe
*
2,000
2,624,000
1
This
week.
I
Since
Sept. 1.
4,000
2,237,000
This
week.
Since
Sept. 1
3,000 241,000
1,000 122,000
2,000 225,000
1,000 80,000
4,000 363,000
3,000 305,000
1884-85.
326,656
429,777
853,195
1881.
1885.
84 lbs.
Shirtings.
32s Cop.
Twist.
d.
d.
“
20
“
27 8 V
3hft*«^
a>334
Apr. 3 8^ih^8:i4
10 3he@S:h
“
17 3*]6®834
24 S3 IK 8-'ll
May 1
a.
5
5
5
5
5
5
D
OotVn
Mid.
TJpl Is
d.
d
d.
S.
6
”36
6
7t6
9 4
Ola
64b
5
9
5t5l6
5
6
6
6
March...
..
..
261,449
163,503
93,139
Perc’tage of tot. port
receipts April 30..
6
6
6
"®6
®6
7»6
®6
TtQ
-36
9
10
10
10
10
10
6
6
6
6
5151C
325 Cop.
Iwisi.
84 lbs.
Shirtings.
d.
s.
s.
5 7 ®7
5
64®7
5 7 &7
89j6® 94 5 7 7t>7
84 7} 94 5 74®7
334 7t 94 5 94®7
5 104*7
87s a93s 5 11 ®7
87h 7» 94 5 114*7
S-h 7t 94'5 104^7
d.
d.
8 *2 7t 9
84 7b 9
84 7b 9
OotVn
Mid
TJplds
d.
d.
24
57*
57ft
57a
24
24
24
34
4
51o16
6
44
64
0316
5
64
54
63!6
54
64
Apr. 1
“
2....
“
3....
“
4....
“
5....
“
6....
“
7....
“
8....
“
9....
“
10....
“
11....
“
12...
“
13....
“
14....
“15....
“
5,050
5,991
5,32 J
1.830
8.
3,111
4,998
2,829
2,415
6,625
4,449
8.
3,676
5,340
2,610
17....
“
18....
2,008
editorial columns
“
19....
this subject will be found to-day.
New York Cotton Exchange.—An admirable valedictory
is
0 r\
“
21....
“
22....
7D6 10
57b
5U,«
New York Cotton Exchange.—In
remarks
address
482,772
111,755
231,519
97 01
1881-85. 1 1883-84.
2,986
some
595,598
333,613
833,492
942,272
956,461
647,140
447,918
261,913
158,025
94 02
93*53
91*23
92-74
April 80 the receipts at the
less than in 1883-84 and
974,136 bales less than at the same time in 1882-83. By adding
to the above totals to April 80 the daily receipts since
that time, we shall be able to reach an exact comparison of
4,662
5
385,93?
241,514
458,478
963,318
1,006,501
1,020,802
571,701
572,728
476,582
284,246
1879-80.
This statement shows that up to
ports this year were 50,820 bales
16....
“5
974,013
996,907
487,7*27
291,992
257,099
117,595
1830-81.
Total year 1.656,053 4,706,873 5,630,189 1,438.233 5,359,356 4,638,867
“
“
343,812
.
Tot.Mr.31 4,562,914
from Manchester
to-night states that the market is easy. We give the prices
for to-day below, and leave previous weeks’ prices for com¬
parison.
Manchester Market.—Our report received
Fob. 2 7 3M *87s
Mob. 6 8 4 ®87s
“
13 34
345,443
Decemb'r 1,101,211 1,059,653 1,112,536
752,827
487,729
475,757
Jaauary
receipts for the week ending
10,000 cantars and the shipments to all Europe
were
*7.000 bales.
1881-82
1832-83.
October.. 1,090,385 1,046,092
930,534
Sovemb’r 1,122,164 1,030,380 1,094,697
Sept'mb’r
This statement shows that the
April 29
1883-34.
the movement for the different years:
98 lbs.
A cantar is
Year Beginning September 1.
Monthly
Receipts.
April
Beoeipts (cantars*)—
meeting of the members
decided to postpone
was
February.
Alexandria, Egypt,
pronounced, “Home
the assemblage sep¬
arated.
it
Shipments for the xceek.
517
our
-wO.
on
...
8.
2,769
3,410
3,075
1,402
6,458
1882-83.
1881-82.
1880*81.
1879-80.
4,595,118 5,345,670 14,290,640 5,075,110 |4,480,342
5,344
5,770
4,556
8.
6,612
8.
8.096
15,53
12,239
13,537
13,354
15,310
7,501
9,77*
7,048
4,022
9,512
4,507
8.
4.170
3,204
3,319
6,628
2,782
11,300
8,873
6,155
8.
6,300
8.
6,101
5,187
4,003
2,351
2,145
2,636
8.
3,275
2,232
i
8.
18,301
7,506
9,434
15,788
8,615
8.
8.
5,922
8,298
6,524
23,210
8.
13.035
8,237
6,338
6,243
5,264
4,717
5,156
9,980
13,656
14,912
9.678
7,387
8.
6,990
3,791
3,592
7,299
3.879
13,867
S.
13,2G4
15,516
10,903
8.
11,621
8,010
9,905
11,034
5,696
4,746
6,054
6,299
12,369
4,708
9,431
8.939
5,513
4,039
9,252
17,026
9,085
3,465
12,886
8.812
3,899
14,679
9,005
S.
4,853
6,714
12,919
6,054
8.
7,353
8.
.0,291
3,378
5,8i6
5,640
6,260
having been delivered by Mr. James E. Wenman, the
8.
10,023
3,919
23....
S.
6.876
2,241
10,295
5,140
24....
departure from the old Exchange, the marching in procession
1 348
8.
5,849
7,927
8,250
6,570
25....
to the new building ’ and the ceremonies attending the open¬
S.
7,087
5,587
8,573
1,536
8,677
26....
ing of the latter were carried out in accordance with the pro¬
8.
14,327
4,313
6,010
3,916
1,914
27....
gramme published in our last number. The noble principal
6,123
8,0441
6,833
4,392
5,021
3,213
28....
room in the new edifice, draped for the occasion with flags,
8.
6,493
10,798f
2,848
3,8G9
29....
3,272
ornamented by shrubs and flowers, and filled in all parts, in
11,447
8,003
8.
30....
4,832
2,790
the body as well as on the platform, excited general admira¬
3,310|
tion. After the opening prayer by the Right Rev. Assistant- Tot.Ap.30 4,656,053 4,706,873 5,630,189 4,438.235 5,359,356 4,638,867
8.
3,391
2,633
6,634
5,284
2,602
Bishop Dr. H. C. Potter, Mr. Walter T. Miller, Chairman May 1....
of the Building Committee, rose to speak and to present the
Total
1,658,686 1,709,475 5,636,823 4,443,519 5,359,356 4,642,258
key of the new Exchange to President S. Gruner. He was Percentage of total
greeted by repeated and enthusiastic cheers by the members,
91*13
91*23
92-81
97*10
93*64
port rec’pts May 1.
in hearty acknowledgement of hisjunceasing energetic atten¬
This statement shows that the receipts since Sept. 1 up to
tion to and supervision of the erection of the structure. Fol¬
to-night
are now 50,789 bales less than they were to the same
lowing Mr. Walter T. Miller's speech the audience was elo¬
quently addressed by President Siegfried Gruner, Congress¬ day of the month in 1884 and 978,137 bales less than they were
to the same day of the month in 1883.
man Abram S. Hewitt, Mayor Wm. H. Grace of New York,
We add to the table
the
of
percentages
total
port
receipts
which
had been received
Mayor Low of Brooklyn, and by Mr. James McGee, a prom¬
inent member of the Produce Exchange, Then a number of to May 1 in each of the years named.
“
“
“
"
“
“
“
“
.
THE CHRONICLE.
64S
has been rather more
doing in bagging for the past week, and goods are beginning
to move into consumption.
Only a few orders have been in
market for large parcels, the most of the trade being for
Bagging, &c.—There
Jute Butts,
Eresentbeen
wants,
sales but
of 1,000
the aggregate
to 1,200 rolls
is more
various
satisfactory.
grades at
ave
be shaded a
wrecked
bark (Br.)—Steamer Guilleimo, which sailed from
April 21, took 3,023 bales of cotton for Liverpool which
were saved from the wreck of bark Robert A. Chapman, wrecked
at Cayo Blanca. The cotton was saved and re-shipped by the
agent of the underwriters.
Cotton freights the past week have been as follows:
Havana
There
steady
W
York this week show a
(bales) prom New
York since sept.
Exported to—
April
April
April
16.
23.
9.
A pril
Total to Great
10,489
9,898
161
1,000
Britain 10,650 10,SOS
6,599
448
344
175
Havre
1.1884.
175
548
4,414
942
50
350
Total French
Bremen
21.28s
33 350
1,360 125,433
75,965
718
604
9 60
4,814
1,660
2,186
260
209
2,588
10,193
2.967
2,532
200
209
12,781
5,499
All other
rand
21.327
39,774
55,214
&c
15,839 13,315
Total
9.129
8,347; 556,932 431,901
cotton from the United
mail returns, have reached
45,964 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the ChronicL3 last Friday.
With regard to New York we
Shipping News.—The exports of
States the past week, as per latest
include the manifests
of all vessels cleared up to
night of this week.
New York—To Liverpool, per steamers Baltic, 971
703
Wiseousin, 1.543
Pavonia, 9,499
To Havre, per steamer Normandie, 1 ,241
To Hamburg, per steamer Lessing, 400
To Rotterdam, per steamer Leerdaui, 500
T4 Antwt rp, per enamel Pennland, 1 GO
To Malmo, per si earner Martha, 300
New Orleans—To Liverpool, per steamers Australian,
Bernard 11*11. 2.703
sail
Do
.
•
.
38'
38*
...
.
932*
932*
....
....
....
....
....
932*
932*
932l
45t
....
....
732® *4*
•
••
....
....
mmmm
mmmm
mmmm
932*
932*
932*
932*
V
V
V
Lj*
V
V
*2 ®9ia>
12 3916*
9.^0*
932*
12®916*
932*
932*
9-<9k
9;?o*
1 Per 100 lbs.
Compressed.
Liverpool.—By cable from Liverpool, we have the following
the week’s sales, stocks, &c., at that port. We
statement of
add
previous weeks for
comparison.
May 1.
48.00C
45,000
43,000
41,000
Sales of the week
bales.
8,000
3,000
3,00C
5,000
Of wlibdi exporters took
1,000
1,000
Of which speculators took..
33.000
38,000
36,000
27,000
Sales American
5,000
5,000
6,00C
5,000
Actual export
12.000
11,000
10,000
11,000
Forwarded
1,025,000 1,021,000 1,024,000 1,023,000
Total stock—Estimated
800,000
797,COO
798,000
797,000
Of which American—Eetim’d
62,000
51,000
53,00 »
69,000
Total import of the week
43,000
45,000
40,000
44,000
Of which American
Amount afloat
Of which American
The tone of the
185,000
164,000
116,000
100,000
day of the week ending May 1, and
of 8pot cotton, have been as follows:
Market,
(
$
Fair
business
buyers’
In
Flat and
Flat and
irregular.
irregular.
5^0
513i6
,513X6
Sales
pee. & exp.
7,000
7.000
1,000
6 000
8,000
1,000
1,000
Steady at
W eak at
Steady at
1-64 ad¬
2-64 de¬
1-64 ad¬
vance.
cline.
vance.
Steady.
Steady.
Depressed
doing.
1,000
Futures.
12:30 p.m.
\
$
Steady.
Market,
£
Weak.
Market,
4 P. M.
{
each
the daily closing prices
Wednes.
Tuesday.
Saturday Monday.
Spot.
138,000
65,000
140,000
76,000
Liverpool market for spots and futures
57a
51o16
10,153
•
732® *4* 732®V
932*
Mid. Upl’ds
Mid. OiTils.
5,740
1,241
400
500
100
300
•••
....
Total bales.
per bark Chittagong, 1,901
To Havre, per bark Kate Burrill, 2,270
To Hamburg, per steamer Clymane, 150
To Barcelona, per barks Catalina, 917
Gutenberg,
To Malaga, per harts Italia, 1,750
Kratjevica,
To Genoa, per bark Mazuranieli, 1,707
To Vera Ciuz, per steamer Estaban de Autuuano. 133
•
932*
e.
Thursday
Celtic,
mmm
45!
.....
....
732® *4* 732®
•••
•
45!
45!
•••
932*
....
mm mm
....
45!
d. 732'3)14'
Reval, steam
.
12:30 p.m.
5,500
Inventor, 3,505
Floridian, 2,424
38*
*
•
932*
April 10 April 17. April 24
4<0
Bpain,Op’rto,Gibralt’r,&<
Total Spain,
30,445
432
30*
....
Antwerp, steam..c.
29,825
....
sail..-c.
Do
year.
35,331
1,241
....
•
....
45!
Sept. 1.
1,150
Hamburg
Other ports
Europi
314
932*
....
Hamburg, steam.c.
Do
sail
c.
period
previous
29,825
°32‘
932*
....
Total
since
33,644
1,637
....
932“
c.
Barcelona,steam.c.
Genoa, steam..„.e.
Trieste, steam...c.
5.746 333,387 320,612
1,241
....
9J2'
30*
Amst’d’m, steam.c.
Fn.
V
c.
sail
Do
V
Thurs.'
....
Bremen, steam..c.
5,746 351,955 301,304
31,432 19,248
100
Other French ports
Total to North.
6,599
sail
Do
Wednes
18v
mmmm
Havre, steam—c.
*
Liverpool
Other British ports
sail...d.
Do
Tices.
....
Liverpool, steam d.
Same
Week ending-
Mon.
Satur.
the total reaching 8,347
bales, against 9,129 bales hist week. Below we give our usual
table, showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and directions since September 1, 1884, and in the last column
the total for the same period of the previous year.
Exports op Cotton
near
Loud, at
Robert A. Chapman,
fraction.
The Exports of Cotton from New
decrease, as compared with last week,
before reported, from New Orleans for Havre,
Bimini Islands, was passed by schooner Stephen G.
New Orleans April 23, which reported her to be on fire.
ship,
Caledonia,
close sellers are quoting 9c. for 1% lbs.,
9^c. for 1% lbs., lOl^c. for 2 lbs. and 11c. for standard
grades. Butts have only been taken in moderate parcels, and
the market is rather quiet.
Some inquiry is reported for
paper grades, and the orders are being filled at--l/g@ 2c. for
spot lots. Bagging quality is held at 2%@2%c., but we hear
of little doing. For parcels to arrive these quotations could
figures, and at the
[VOL. XL,
favor.
Thursday.
Friday.
Weak.
Steady.
513i6
50x8
576
10,000
2,000
8,000
1,000
513J6
57s
57b
5%
Barely
Steadier.
steady.
Active.
Steady.
2,270
The opening, highest, lowest and closing prices bf futures at
150
790 ... 1,707 Liverpool for each day of the week are given below. These
1,250
3,000 prices are on the basis of Uplands, Low Middling clause, unless
1,707 otherwise stated.
)35
Galveston—To Vera Cruz, per steamer Whitney, 947
947
LIP* The prises are given in pence and 6Uhs, thus: 5 62 meant
Norfolk—'To Liverpool, per ship Caldera, 4,634
4,634 5 62-64<?., and 6 03 means 6 3-64tf.
Baltimore—To Liverpool, per steamers Oranmore, 5u9
Peru¬
vian, 1,331
1,840
Tues., Apr. 28,
Mon., Apr. 27.
Sat. Apr. 25.
To Bremen, per steamer Nurnberg, 000
600
Scythia, 666
Boston—To Liverpool, per steamers Iowa, 1.502
Virginian, 1.217
3,385
Clos. Open High Low. Clot.
Open High Low. ClGS. Open High Low.
*
To Yarmouth, N. S., per steamer Alpha.
To Little Brook, N. 8., per schooner
50
Evangeline, 1
Philadelphia—To Liverpool, per steamers Br itish Princess, 500
Indiana, 538
form,
__
particulars of these shipments,
follows:
are as
^
1.038
45,964
Total................
The
50
1
arranged in our usual
Vera
Cr uz d
Rot'dam,
Bremen Ant- Barcc-
Liverd Ham- irerp d Iona d
Nova
pool. Havre, burr/. Mat mo.Malaya.Genoa.Scotia.
New York.
5,716
N. Orleans. 16,153
Galveston
Norfolk....
4,634
Baltimore..
1,840
Boston
3,385
1,2 41
2,270
400
150
960
Total.
8,347
135 25,122
947
947
4,634
2.440
51 3,136
4,707 1,707
600
d.
d.
d.
d.
d.
d.
d.
d.
d.
5 52
5 52
5 51
5 51
5 50
5 50
5 47
5 47
5 48
5 40
5 52
5 52
5 52
5 51
5 51
5 50
5 50
547
5 47
5 46
5 46
5 52
5 51
5 51
5 48
5 48
5 47
5 47
5 52
5 52
5 52
5 52
5 52
5 52
5 52
5 52
5 57
5 57
5 57
5 57
5 57
5 56
5 56
561
5 61
5 00
5 60
i
5 56
5 56
5 56
5 50
6 01
0 01
0 00
coo ;
5 60
5 00
5 00
5 00
5 61
5 61
561
6 01
6 OL
601.
....
....
....
1
1
...
....
....
....
....
....
....
....
5 59
5 56
5 56
5 55
555
Sept.-Oct...
561
5 61
5 61
5 61
5 60
5 60
5 59
5 53
5 53
5 53
5 53
551
5 51
5 51
5 51
5 48
5 48
5 48
5 48
Oct.-Nov..
5 50
5 48
3 48
5 48
5 48
5 40
5 46
5 45
5 45
Nov.-Dee...
Dec.-Jan....
Jan.-Feb....
1,038
1,033
PMladeip’a
d.
5 52
April....—
April-May.. 5 52
May-June.. 5 52
June-July.. 5 57
July-Aug... 5 61
Aug.-Sept... 601
September..
i
d.
5 52
5 50
5 50
...
...
....
...
5 50
....
....
....
....
....
....
....
....
....
....
...
6
....
...
....
..
•
•
•
Wednes.1 Apr 29.
Thnrs., Apr. 30.
Open* High \ Low. Clos.1
Open High Low. Clos.
.
....
...
.
Frt., May 1.
■
Total
Below
..
32,796
we
3,511
1,150
add the clearances
960 4,707 1,707
1,133 45,964
this week of vessels carrying
United States ports, bringing our data down to
the latest dates:
New Orleans—For Liverpool—April 25—Steamer Nasmyth, 2,939—
April 27—Steamer Historian, 2,592 ; ship Importer, 3,518.
Charleston-For Liverpool—April 21-Bark Paul, 1,124.
Boston—For Liverpool—April 24—Steamers Cephalonia, 551; Iberian,
1,034
April 27—Steamer Palestine. t>99.
cotton from
Phitadelphia—For
For
Liverpool—April 24—Steamer British
Antwerp—April 24—Steamer Nederland,
400.
Prince, 441.
give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.:
Sapphire, steamer (Br ) —Up to April 10, 32 bales of cotton had been
salved by the diver from the steamer Sapphire, which lies sunk on
the outer shoals at Tcxel.
There were about six feet of water over
Below
we
the vessel
amidships at low tide.
J Open High
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
5 46
5 46
5 43
5 43
5 40
5 40
5 40
5 40
5 43
5 40
5 43
5 40
5 43
542
5 47
5 42
5 47
..
April
Low. Clot.
•
....
....
5 46
5 46
5 43
May-June.. 5 46
June-July.. 551
July-Aug... 5 55
Aug.-Sept... 5 59
September..
Sept.-Oct... 5 56
5 48
5 43
5 43
541
5 43
54L
5 43
5 42
5 47
5 42
5 47
5 48
5 46
5 48
5 46
5 48
5 48
5 52
5 48
5 52
5 51
5 48
5 52
5 52
5 56
5 52
5 50
5 56
5 56
5 60
5 56
5 60
Oct.-Nov-..
5 48
5 48
Nov.-Dee...
5 45
April-May..
....
Dec.-Jan
...
Jan.-Feb....
• • •
•
•
•
5 55
5 52
5 52
5 50
5 52
5 50
5 59
5 50
5 56
5 54
556
5 54
....
5 56
5 45
•
•
....
....
....
5 53
5 45
5 42
•
••
....
....
j
....
....
....
....
....
....
5 51
552
5 51
5 52
553
5 57
5 53
5 57
5 53
5 44
5 42
5 44
5 44
5 48
5 44
5
5 45
5 42
5 40
5 42
5 42
5 45
5 42
5 45
5 42
...
....
5 40
....
5 42
....
....
....
....
*•••
•
• • •
....
•
• *
....
48
...»
The comparative shipments of flour and grain from the
ports from Dec. 22, 1884, to April 25, 1885, inclusive, for
years, show as follows:
BREADSTUFFS.
M., May 1,1885
Friday, P.
In
particular large lines of low and irregular grades were taken
ing
close of Wednesday’s business.
prices down to the
quantities
pressed
for
export at very cheap prices, thus reducing the
of these, which, as summer approaches, are likely to be
The anxiety to sell the higher grades,
on the market.
which the demand is but moderate, has prevented any im
for
Flour-
bbls.
Wheat]
bush.
grain
provement in their values. Rye flour has ruled firm, with corn ports for four
meal showing an upward tendency. To-day the whole market
was
dull.
1881-2
2,377,234
7,551.488
10,739.081
27,363,406
13,500,963
7,856,115
30,035.214
6,201,285
24,596,168
9,937,492
2,290.180
2,250,226
1,590,247
4,097.399
729,423
1,808,639
660,275
57.069,435
55,448,923
55.6S5.527
43,378,137
variable and unsettled down to the
Tuesday’s business. The slight changes in prices were
years:
bbls.
Flour
market was
The wheat
close of
1882-3.
3,146,515
Barley
Rye
Total
toward lower figures. But on Wednesday the exciting char¬
acter of the war news, a sharp decline in consols, and
influences precipitated an active speculation for the rise
Wheat..
Corn...,
Oats....
1883-4.
other
Thursday
833,253
1882.
1833.
Week
1884.
Week.
April 25.
311,561
April 26.
Week
April 27. April 29.
*
194,147
97,430
79.939
1,033,699
149 991
528.700
692,569
930,060
1,529,401
949,1 ■'8
199,042
1,499,3 il
9 49.00 4
54,336
101,675
142.457
582.098
93.263
38,531
69,161
29,950
44,105
2,601.956
3,738,124
2,790,304
1,398,157
886,460
.........
Barley
Rye
Total
12,967,316
1885.
Week
bush.
0
.......
four
3,316,802
32,900.960
13,666,582
Corn
Oats
same
4,326,379
1884-5.
considerable activity at improv
market showed
The flour
M9
CHRONICLE.
THE
1885. |
May 2,
cdusing an advance of about 4 cents a bushel. On
The rail and lake shipments from same ports for last four
weeks were:
some of the warlike reports of the previous day were contra¬
Bari y,
Rye.
Oats,
Corn,
Wheat,
Week
Flour,
dicted, and part of the advance was lost, although speculation
bush.
bush.
bush.
bush.
bush.
ending—
bbls.
38,531
54,336
989,670
816,329
continued quite active, and there was a large business report¬ Apr.25,’85 320,931 886,160
56.001
81,177
763,815
479,521 1,521,097
321,821
16,426
90.516
ed for export.
The visible supply continued excessive, and Apr. 18,’85 265,312
853,751
2,239,308
533,612
Apr.11,’85
33,136
101,862
727,636
advices from the growing crops were fairly favorable. To-day Apr. 4,’85 318,012
614,013 2,531,889
further decline, with the speculation
business in parcels on the spot.
there was a
scarcely any
UAILV CLOSING
In elevator
100%
102*3
101*2
May delivery
June
Mon.
loi*«
100*3
102
delivery
1037g
105%
103
September delivery
101*2
109%
102*3
1043a
l057g
106*8
....
Wed.
104*3
Tues.
Thurs.
1053s
10434
104
106*2
108*8
109'a
1053a
107*4
108*2
Fri.
104*2
102 7s
104
1055a
107
....
....
....
....
in the wheat specuthat early deliveries
have shown exceptional strength, even when, as yesterday,
contracts for July and August were lower.
Lots on the spot
have advanced, and samples of yellow, as well as of white,
have
scarce. To-day the market is
become
weak and
Indian corn has shared to a large extent
ation.
There is this difference, however,
unsettled.
DAILY CLOSING
PRICES OF NO. 2 MIXED
Mon.
Sat.
In elevator...
....
May delivery
...
...
...
57
56*4
563a
5678
56%
Tues.
57
57’ *8
56*2
57*4
57*4
573a
58*s
.
58
59
58%
59%
....
....
Thurs.
Fri.
59*4
58%
583g
58%
58*4
57%
58%
58%
....
....
dull, and quotations are
active for speculation, but some of the
phases of this market are the opposite of that for corn. Yes¬
terday the more distant deliveries of oats advanced, while
May contracts were no dearer. The export movement has
been moderate.
Choice samples of white oats have become
very scarce and bring extreme prices, giving an unusually
wide range to values.
To-day futures were lower, closing at
ISigC. for May, 42%g, for June and 42;3gC. for July.
firmly held. Barley is
bushel.
Rye is
reduced 3(a5c. per
Oats have been
following
The
are
the closing quotations :
$ bbl. $3
Fine
00®
3 40®
wheat extras. 3 50®
Superfine
Spring
and stra’t.
4 3b a
Wiutershipp’gextras.
<fc XXX..
3 85®
4 60®
5 00®
Minn, clear
Winter XX
Patents
3 80®
City snipping ex
bnsh
Red winter, No.
Red winter
White
85
Bouth’n com. extras.. #4.
1
Southern
20a 5 00
oahers’ and
family brands
5 25 5 GOO
Rve flour, super tine.. 4 30 5 4 70
Fine
3 25® 3 7o
>
40
35
oO
00
Dorn meal—
Western, «fea
35
3 25 5 3 45
3 45 5 3 50
Brandywine,
25
1
2
Corn—West, mixed
West. mix. No. 2.
West, white
White Southern..
Yellow Southern.
73 ®
95 ®1 11
78 ®
03*2*1 04
Oats—Mixed
40 e,
95
51 12
White
42 5
96
5108
No. 2 mixed
42*4$
5G
®
59 '
No. 2 white
45 5
58
5
58% Bariev—No. 1 Canada. 83 5
62
58 ®
No. 2 Canada
7G ®
5
G7 -5
65
70
State, six-rowed
57
®
obis.
155,861
72,293
Oats,
bush.
bus it.
8,213
109,809
84,993
25,429
55,690
Philadelphia...
Baltimore
Newp’t News..
212,162
Total week...
Cor. week ’84 .
339,740 422,206
264,244 1,333,137
Rye
18,750
13,500
11,210
500
2,100
8,950
500
316,800
301,366
74.009
6,609
179,571
35,832
1,251,076
875,617
593,011
453,353
500
39,350 2L.957
48,900 279.902
1832-3.
1884-5.
1883-4.
4,13 3,041
5,014,725
....bush. 10,613.3 46
9,549,2 27
17,348,314
15,4 47.427
30,640,903
Oats
39,548,581
10,937,421
.
6,984,170
341,637
Total g a n
63,563,119
37,333.293
Oorn.
Flour
Bush.
Bbls.
8,646,976
11,06 1,9 4 i
7.377,434
2.0 33.2 51
237,363
402,967
),379,68 2
2
56,567,211
The exports from the several seaboard ports
ending April 25, 1885 are shown in the annexed
Wheat.
3.729,2 30
8,12.3,536
1,933,47 i
2.IBS,263
1,32 4,314
2,122,114
Harley
Rye
Exports
bush.
9,747
33,229
4,872,623
bbls.
Cora.
.from
Barley,
bush.
receipts at the same ports for the period from Dec.
April 25, 1885, compare as follows for four years:
1381-2
22, 1884, to
Flour
for the
7,965
14,925
New Orleans...
287,300
152,350
1,309
195,512
5.600
15,042
for the week
statement:
Oats.
Rye.
Bush.
Bush.
Pea1.
-
Bnsh.
97,455
408,457
299,197
36,336
39,021
167,376
150
773,793 1,563,503
199,523
140,049
143,525
3.453
32,162
Portland.
Montreal.
Philadel..
Baltim’re
N. Orl’ns.
N. News.
135.0)0
119,069
Total w’k.
..
26,561
Bush.
822
2,000
822
2,003
•
8’me time
1834.
125,0 40
15,003
633,733
10,0 45
437,562
New York
Boston.
'
1,379,369
60
719,727
Bbls.
Bbls
market is indicated in the
the figures of the New
give the receipts at Western
present the compara¬
April 25 and since Aug. 1
the last three years:
Oorn,
bush.
500
Portland
Montreal
Wheat
at the seaboard ports
Wheat,
146,150
73,050
330.891 114,144
473.134 763.529
149,831
20,414
The destination of these exports is as below.
We add
75
corresponding period of last year for comparison:
80
45
Oorn.
Wheat.
52
Flour.
42% Exports
1884
45%
1885.
1884.
1885.
1884.
1885.
for week
Week
Week,
85
Week,
Week.
Week.
Week,
to—
78
Apr. 25. Apr. 26.
Apr.
26.
Apr.
25.
Apr.
26.
25.
Apr.
70
The movement of breadstuffs to
statements below, prepared by us from
York Produce Exchange. We first
lake and river ports, arranged so as to
tive movement for the week ending
for each of
6,526,389 4,315,333
the
GRAIN.
Rye—Western
State
Wheat—
Spring,per
3
4
4
5
4
G
G
5
Flour,
At—
New York
Boston
..
FLOOR.
2,513,636 7,111.623 3.341,872
5,783,163
The receipts of flour and gram
week ended April 25 follow:
The total
CORN.
Wed.
58 34
Tot.,4w. 1129,126
4w’ks’84.. 930,672
WINTER WHEAT.
PRICES OF NO. 2 RED
Sat.
102%
dull, and
Un.King.
Contiu’nt
S.&C.Am
W. Indies
Brit, col’s
Bush.
Bush.
159,216
110,822
493,93 4
2,363
9.842
2,5-4
11,302
279,359
13,195
13.338
4.754
Oth.c’n’ts
13.653
1,249
Total...
199.523
492,738
161.537
5.786
59.20S
6,094
3,996
8.0IO
1,055
1,196
1,439
725
143,525
Bush.
Bush.
833,281 1.316.929
230,139
496,088
773.793 1.379.369 1.563,503
719.727
;
Receipts at—
Flour.
Bbls.imbf
175,038
Chicago
Milwaukee..
Tolfido
41,412
2,255
5,507
4,573
29,507
'
Detroit
Cleveland.
8t. Louis
..
....
880
Peoria
Duluth
Wheat.
27,500
31,900
89,408
9,200
340,735
142.2&8
24,665
1,624
1,088,153
1,029,029,
175,811
Same wk. ’83
107,840
569,649
Since July
1884-5
164,850
932,518
28
....
18,33-4
7.748,765 89,753.28!
7.043,903 60,920.096
7 379 419
I
Barley.
Ryr.
!
33,200
8am e wk. ’84
259.172
Oats.
Bush.60 lbs J3uafc.58 lbs Bush.32 lbs | BushAS lbs j Busti.56 lb»
21,394
73,733
584,615
495,032
259.568
4,288
24,380
31,085
?5,100i ■
3,840
11.928'
500
45,322
51,385
9,475
*
37,072
9,200
38,452
580,978
396,201
Tot. wk. ’85
(Jorn.
65.606.119
211,610
1,053,791
1,313,681
1.054,826
5,500
8,554
15,000
550
18,895
By adding this week’s movement to our previous totals wo
following statement of exports this season and last
have the
season:
Ex >orts since
Aug.
4,000
1884-5.
25, to— Aug. 25 to
Apr. 25.
Bbls.
143,847
48.627
175,417
42,302
149,806
57,262
77,092,824
45.134.790
89.573,822j
71.4 46.3621
48.552,439
15.6^3,964
16.021.292
38 995.276
14,280,128
4,221,8)1
6,234,999
3,699,867
Oorn.
Wheat.
Flour.
1883-4.
Aug. 27 to
Apr. 26.
Bbls.
1884-5.
1883-4.
1884 5.
1883-4.
Aug. 25 to
Apr. 25.
Aug. 27 to
Apr. 20.
Aixg. 25 to
Aug. 27 to
Apr. 25.
Apr. 26.
B’leh,
Bush.
Bus! 1.
Bush.
18,187,551
24,8,6.940
9,800.109
936,717
287,816
14,774,8*7
6,389,600
1,209,548
3,419,094
Continent...
4,325.893
.282.403
19.752,204
262,495
S. & C. Am.-..
505.314
460,902
10,803.017
43,403
West Indies.
566,501
333,647
52,433
507,335
1,000
14.731,642
1,223
37,385
385,417
23,450
140
8.010
68,123
23,071
17,507
78,109
110,935
29,983,359
35.993,81 4
26.953.331
CTn. Kingdom
I Brit.
Col’nies
j Or.h. countr’s
Total.
...
6.115.701
5,118,72 <
36,690,841
280.003
110 403
550
THE CHRONICLE.
The visible supply
of grain, comprising the stocks m granary
principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, April 25,1885, was as
at the
follows:
In store at New York
Do alloat (est.)
Wheat,
Com,
Oats,
Barley,
bash.
6 ush.
bush.
bush
799,662
60,330
18,700
58,887
3,594.772
118,892
Albany
700
Buffalo
613,230
1,338,626
124.701
15,517,260
33,000
37,177
1,918,138
265,380
2,46*,459
93,946
Milwaukee
7,537
4,953,054
Duluth
6,434,346
Do atloat
Toledo
Detroit
7,000
2,127.310
1,092,671
Chicago
Do
afloat
....
Newport News...
Oswego
1,493.277
57,234
116,530
57,924
6,930
7,984
8,000
14,355
103,729
28,358
13,496
1.800
1,400
181,470
20,791
4,285
14,000
2.500
19.037
2,398
19,951
5,577
36,606
104,068
33,693
50,148
93,206
237,833
335,151
400
7,015
191,332
Philadelphia
906,990
Peoria
1,911
36,200
58 4,049
93s, 116
1,999
560,806
72,411
18,263
100,128
149,340
26.9‘)0
123,760
27,600
3,352
2,995
32,315
627,158
685,231
45,446
39,561
9,121,508 2,395,689
41.432.6S 1 10,287,195 2.514.285
22,164.776 13.601,309 4,030,326
20,781,911 16.894,226 4,453,197
10,577.543 8,407,247 2,160,813
585,569
297,004
Indianapolis
City
Baltimore
Dnwu Mississippi.
On lake
On rail
.
Tot.
Tor.
Tot.
T »t.
Tot.
15*,015
541,2-0
78,531
937,019
.
Apr. 25. '35.
Apr. 18, ’<5.
Apr.26, ’*4.
Apr. 28 ’33.
Apr. 2P, ’82.
59,384
DRY
GOODS
....
17,621
.
.
.
.
.
12,345
300
23,558
•
40,451.148
THE
432
••••••
•
3,209
....
704,269
297,686
810,478 1,627,851
981,695 1,627,880
609,185 1,092,759
TRADE.
Friday, P. M., May 1, 1885.
whole the dry goods market was tame and uninterest¬
ing the past week, and the volume of business was strictly
moderate, the general re-order demand having failed to real¬
ize expectations.
There was, however, a steady call for small
parcels of seasonable specialties at first hands, and buyers of
clothing woolens and hosiery (for next fall) were rather more
liberal in their operations, some very fair orders having been
placed (for future delivery) in this connection. The local job¬
bing trade was light and irregular, despite the continuous
elforts made by leading jobbers to stimulate business by offer¬
ing various lines of domestics, prints, ginghams, dress goods,
etc.; at temptingly low prices.
Accounts from distributing
points in the West and Northwest are still fairly satisfactory,
but there has been some reaction from the activity lately re¬
ported in those sections of the country, and the demand from
Southern jobbers continued light. The near-by trade was
adversely affected by intervals of cold weather, which unfa¬
vorably influenced the demand for consumption, and jobbers
As
a
have therefore had little occasion to
Business in retail circles
low
renew
Foreign
Importation* of Dry Good*.
importations of dry goods at this port for the week
ending April 30, 1885, and since January 1, and the same facts
for the corresponding periods are as follows:
[Total Snt’d
at
port. for neumpt
the
course of the
SALES OP FUTURES.
Saturday.j
j
j
j
j
j
Monday..
Tuesday.
Wed’day.
Thursday
Friday....
Total..
3J5
Dull.
Dull.
3’15
Dull.
©
Futures.
Price.
Tone.
315
April.
Tone.
Price
Quiet.
....
Sales
...
Price
Quiet.
....
Sales
....
Price
Quiet.
....
Sales
....
May.
Price
Sales
....
....
Price
Sales
...
....
Price
Sales
....
....
June.
Price
Total.
....
Price
....
Sales
Price
Sales
....
'
..
■
Dull.
3‘15
Dull.
3-15
Price
Quiet.
Price
Quiet.
Sales
'
Dull.
..
3-15.
Price
Quiet.
i
....
Sales
Sales
t
T
....
.-...
....
....
.
v.
Price
Sales
Price
Sales
....
....
Price
....
Sales
■
....
....
....
Price ■....
Sales
Price
....
....
Sales
little if any
improvement in
staple cotton goods by the jobbing trade, but
converters and manufacturers have shown rather more
disposi'
tion to anticipate future wants.
Brown sheetings and drills
continued in light and irregular demand, and bleached
goods
ruled quiet, though some fair-sized “round lots” of outside
makes wrere moved by means of price concessions. Colored
cottons were devoid of animation, and the demand for cotton
the demand for
was
m
for
of—
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Silk
Total Flax Cot n Wool
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...
Domestic Cotton Goods.—The exports of domestic cotton
goods for the week ending April 28 were 2,579 packages, of
which 1,604 were shipped to Great Britain, 218 to Brazil, 143
to Hayti, 100 to China, 92 to Mexico, and smaller
parcels to
There
0
....
Transferable Notices— Saturday. 3-15 ; Monday, 3*15; Tuesday, 3'15; Wednes¬
day. "3' 15; Thursday. 3’ 15; Friday. 3’15.
other destinations.
%
Total Ent’d
a
....
Sales
Price
B
1
Total
Flax Silk Cot n Wool
.
CfH
00
O’
It-
....
Sales
few
The
COTTON
EXCHANGE
a
at about their market value.
market during the week:
Spots.
moderately
a
was
a
slightly improved
specialties in imported goods at first hands,
but most fabrics ruled very quiet.
Dress goods were more
sought after for freshening assortments, and summer silks
were fairly active in some
quarters; but plain silks ruled quiet.
Men’s-wear woolens continued sluggish, and the demand for
linens, white goods, laces, embroideries, &e., was almost
wholly of a hand-to-mouth character. Some large lines of
silks, brocaded velvets and Him burg embroideries were sub¬
mitted to public competition, and the two first-named fabrics
sold poorly, while embroideries were pretty well distributed
fairly active, the exceptionally
prices ruling for nearly all textile fabrics having contrib.
MARKET.
was
Dry Goods.—There
demand for
their assortments.
following shows the
Goods.—There
houses.
was
uted to this result.
Print Cloths.—The
Woolen
clothing woolens, in which both light
and heavy-weight fabrics participated, and the tone of the
market has shown further improvement. Orders for
heavy
Union and all-wool cassimeres were placed more
freely and
with greater confidence in the maintenance of values, and
some special styles are now sold to arrive..
Worsted coatings
and suitings continued in fair request, and a pretty
good
business was done in beavers and rough-faced overcoatings at
opening prices. Cloakings were more sought after, and there
was a fair movement in
Jersey cloths, on account of back
orders, but the current demand for the latter was compar¬
atively small. Ladies cloths, tricots, sackings, suitings, etc.,
were jobbed in fair quantities, and there was a moderate
trade in worsted dress goods and shawls.
Satinets were in
light request at low prices, and there was a limited inquiry
for Kentucky jeans and doeskins, blankets and
carpets, while
flannels adapted to the requirements of the shirt trade have
shown more animation in first hands. Wool hosiery and knit
underwear were in better request, some very fair orders
(for
future delivery) having been placed with the commission
2.764
53,309
Boston
Toronto
Montreal
Kansas
compared unfavorably witli the corresponding time
though a few orders were placed for future
delivery. White goods, quilts, scrim curtains and fancy table
damasks continued in steady request and firm in price. Print
cloths ruled quiet but firm, closing at 3 3-16c., less
% per cent
for 64x64s and 2%c. for 56x60s.’ Prints were in light
demand,
and a fair business was done in printed lawns, sateens,
ging.
hams and woven cotton wash fabrics at generally
steady prices.
in former years,
increased demand for
20,057
62,842
16,130
144,759
Cincinnati
flannels
Domestic
33,991
63,717
25,000
567,807 '
80,000
8t. Louis
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