The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
xmtlt
HUNT'S MERCHANTS* MAGAZINE.
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OP THE UNITED STATES
VOL.
NEW
32.
MAY
YORK,
Financial.
Financial.
&
Taintor
&
Phelps, Stokes
phelps,
jambs stokbs,
i.
Co.,
BANKERS,
r. p. 0I.COTT,
45
dc
47 Wall
Street,
New York,
ISSUE
TRATEIiERS' CREDITS,
CHtCUIiAR NOTES,
U)NDON CORRESPONDENTS:
The Union Bank
Hambro
of London. Messrs. C. J
& Son.
BANKERS,
STREET, NEW YORK.
A OBNEKAL BANKING business conducted.
INTEREST allowed on dally balances.
E-XECUTK ORDKIIS at the STOCK EXCHANGE.
Buy and sell STATE, COUNTY, MUNICIPAL and
RAILROAD bonds.
CHOICE INVESTMENT SECURITIES always on
band.
DAILY FINANCIAL LETTER furnished on apGILES
Faid-Up Capital,
-
-
BOARD or DIRECTORS
Eeltx aRtSAK.
President.
Maquinay (Graff & Maquinay), Vlce-Pres
J. B. VON ijEK BECKE (Von der becke & Marslly).
Otto Guntheu (Corneille-David).
KMILE DE UOTTAL.
Ab. frank (Frank, Model & Cie.)
AI.FHED
Aug. Noitebohsi (Nottebofam Freres).
Vh. DnANis (Michiels Loo»).
Job. Dan. Fcuhmann, Jr. (Job. Dan. Fuhrmana.)
"LoiTis WBBEii(Ed. Weber & Lie.)
jDu:8 KAUTEiisiKAUCH (U. Scbmld & Cle.)
TRANSACTS A
P. POTTIR, Prest.
J. J.
D. Prince, Jas. Whitely, H.
Harry
KDDT,
Cashier.
CAPITAL,
9400,000
400,000
8I7RPI.(;s,
Accoonts of Banks and Bankers solicited.
Collections mane upon favorable terms.
Strictly flrst-class Investment Securities Negotiated.
taNDLBY HAINIS
H. Taylor
&
Co.,
Banker* and BroKers,
140
Xo
Deposits received subject to check at slRht, and
interest allowed on daily balances.
Btocks, Bonds, Ac, bouKht and sold on comjuisaion
in Pliiladelphia and other cities.
Partieolar attention fflTeQ to information regardSecurities.
Aug. T. Post, Banker,
23 NASSAi;
64
and
CORRESPONDK.vri'; SOLICITED.
&
Whitely,
Day,
C. I. Hudson
Co.,
EXCHANGE COURT, NEW YORK,
Branch OfRce and Private Wire
CUHBEiiLAND," Broadway and 22d
at the "
H
Wood &
Davis,
31 Pine Street, New York.
COVEBNMBNT BONDS, MUNICIPAL AND
RAILROAD SECURITIES BOUGHT AND
SOLD ON COMMISSION.
CHOICE RAILROAD MOaTQAQK BONDS
FOB SALE.
C. D.
M ud 35
Wood.
ll«mb«n ot M«w To/k Bto«k Sxcbuig*.
Whiteley
&
Co.,
BANKERS AND COMMISSION MERCHANTS,
3 Excltanae Court, N ew York.
Kountze Brothers,
BANKERS,
130 BroadVFay (Equitable
N E tV
BALnmORE,
Correspondence invited and
AND DEALERS
IHD.
full
financial subjects furnished.
information on
SethH.&H.B. Whiteley
BANKERS AND BROKERS,
GERMAN
No. 8
STREET,
BALTinORE.
P.O. Bos 313.
New York
Orders for Stocks executed In Boston,
Philadelphia and Richmond.
EDwARns Whitaker,
Leonard Matthews.
Matthews
Member
N. Y. Stock Eich.
& Whitaker,
ST. LOUI8, MO.,
Htate, City, County and RR. Bonds dc Stocks,
Orders receive prompt and personal attention.
Correspondents, Messrs. Maxwell & Graves, New
York City, and Messrs. Blake Brothers A Co., New
York ana Boston.
John V. Hogan
113 No Third
IJ
L.AR
A. Prescott
&
Co.,
Capital,
-
TOPKKA, KANSAS.
S60,000
Municipal Bonds and Mortgage Loans Negotiated.
Eight per cent Farm Mortgages a specialty.
A
wKNEHAL BANKING BUSINESS TRANbACTEB.
Collections
tention.
and correspondence receive prompt at-
Cohrispovdents.— Boston, National Bank of
North America; New York, American Exchange
National Bank and Ninth National Manli; Chicago,
Preston. Kean A Co.: St. Loui?, Third National
Bank Kansas City, Bank of Kansas City and Uer*
chants' National Bank.
;
P.
W. C. McKeak
Member of N. Y. Stock Szdi'ge
LLOTD.
&
Lloyd
84 1YAI.I.
McKean,
STREET,
KWtXT
YORK.
Buy and
Hi
OT E 6
sell— on commission—Oovemment, Rail*
way and Miseellaneons Securitle*. Receive depoetta
subject to check, and allow Interest en balance*.
for the use of travelen tn
all parts of the world.
L.
drawn on the Union Bank of London
Telegraphic transfers made to London and to
Bills
Mid on
Co.,
BANKERS,
luned
earltlM boaglit and
&
Street, St. Loats, Mo.,
DEALERS IN
Western and Southwestern Municipal and Railroad
Bonds or Stocks.
Defaulted bonds a specialty. Choice investment
securities always tor sale. Write to us before vo»
buy or sell any Illinois, Missouri or Kansas bonds.
JOSSPH
AND
C
BONDS.
FOREIGN EXCHANGE,
BaU<llii([>,
LETTERS OF CREDIT
R
Morison,
Corner South and lierinan Streets,
YORK.
I
MORISON.
B. N.
&
BROKERS,
AND
IN
Sau'l D. Datis.
R.T.Wilson
C
& Hatch.
Whiteley, Jr.
Street.
sell on commission, for investment or on
margin, all securittes dealt in at the New York
Stock Exchange.
B. R. Lear.
C. I. Hitdson,
T.
Curtis.
Member N.Y. Stock Excb.
DREXEL BUILDING, Cor. WALL
various places In the United States.
and BROAD STKEETS,
Deposits received subject to check at Ight, and InBANKERH AND HTOCK. BROKEK8.
terest allowed on balances.
WnxiAM Lnauui,
Hinrt Dat,
QOTemment and otber bonds and investment M*
Roa.
8.
BROKERS AND DEALERS IN
&
3
cfWpbo^,
Refer to Messrs. FiSK
W.
New Haven.
STREET)
BUYS AND SELLS
State, «ty and Count}" Securities.
Lummis
&
BROAD^VAT, NEWT YORK,
(Branch Office, ISO Fifth ATenae).
All classes of Railway and Mining Stocks bought
and sold on Commission.
Private Telegraph Wires to Philadelphia, Wilmington. Baltimore, Washington, Boston, Bridgeport
BOUTH THIRD STREET,
PHILADELPHIA.
Bg Investment
Logan, Maynard c. Evrs.
Tkavers, Special Partner.
B. KE.VDAI.L.
BANKERS AND BROKERS
Cruger Oakley
BANKERS AND BROKERS,
BOSTOJV,
L.
o.
R.
Prince
Maverick National Bank,
Lewis U. Taylor, Jk.
Co.,
Buy and
GENERAL BANKING BUSINESS.
ASA
Kohn &
Sc
Wm.
WAXI. STREET,
No. 31
STOCKS, NOTES
COMMISSION.
W.
9,000,000 Francs.
3€cUch
GEO. H. HCTLT.
STOCKS AND BONDS BOUGHT AND SOLD ON
J.
Antwerp.
TAINTOR.
BANKERS AND BROKERS.
BROADWAY AND 19 NEW STREET,
NEW TORK.
Banque
Anversoise,
E.
Glazier,
«6
Centrale
Holt,
plication.
COamiERClAL. CREDITS.
830.
FHiancial.
WW. D. Hatch,
Member N. Y. Stock Excb.
WALL
10
n.
aSson phklps stokes,
NO.
21. 1881.
oooualitlon.
(I.ATE
Levy,
OF L.ETY
DEALER
AU
Classes
<b
BORG,)
IN
of InTestment
Secaritles
AND
UISCSLLANEOUS BONDS ANB STOCKS,
No. ti Wall Street.
THE CHRONULE.
u
Philadclplifa Banker§.
Boiton Bankers.
Geo.
Foote & French,
BANKERS,
AND DBALKBS
OF
BONDS,
—
BOSTON.
Secuilties.
Bonds and Stocks bouslit and sold on commission
at the New York, Boston and oilier ExchanKes.
GEO. WM. BALliOr, D. H. BARLING,
WM. H. BINGHAM," A. S. %VEEKS,
Boston.
New York.
&
payment.
Correspondents.— Gennan-AraeHcan Bank, New
York Louisiana National Bank, New Orleans Bank
BURRUSS,
Collections
BOSTON.
made on
Railroad and
United States Bonds.
State, City,
&
Co.,
R.
No. 83
&
Co.,
made on
J.
B.
&
Morton, Cash.
&.
solicited.
of Investment Securities
outright or on commission. Information furnished.
sell all itlnds
Orders and correspondence solicited.
C. D.
LOWSDKS.
WM. C. COURTNEY, Pres. ERNESTH. PHINGLE.Cash
Brown & Lowndes,
BANKERS AND BROKERS,
No. 19
P. O.
Box
CHARLESTON,
&
Co.,
BALTmORE.
*"''
VIRGINIA SECURITIES
solicited
nlshed?"'""'*^'"'^
N. T.'CoRRESPOXDENTS-McKim Brothers
&
RANKERS,
New
a
Co.
•
York.
SPECIAL ATTENTION GIVEN TO THE NEGOTIATION OF
RAILROAD SECURITIES.
Dominion of Canada.
THE FINANCIAL ASSOCI.VTION OF ONTARIO
in
a position to furnish investors with choice in-
vestment securities, carefully selected, yielding
to
SEVEN AND A-HALF PER CENT
per annum.
Special attention given to business-
from SIX
from the United
States.
Correspondence solicited-
I.ONDON, CANADA.
EDWARD LERUEY,
CITY OF ST. JOSEPH,
&
Managing Director.
Mo., BOND.S.
Wisconsin <'enlral Railroad Land Grant Bondfl.
Chicago ,t Canada Southern Jitmds.
Atchison Colorado & Pacilic Kii. Bonds.
Mobile & Grand Trunk Rjtilroad Bonds.
St. Joseph & Western Railroad Securities.
South & North Alabama itiiilroad Stock.
Brooklyn Elevated Railroad Bonds and Stock.
South Carolina Railroad Securities.
Midland Railroad of New Jersey Bonds and Stock
County. City and Town Bonds of Western States.
Grand Rapids & Indiana Railroad Securities.
Milwaukee^ Northern Railrmio Bonds.
Pacitic Railroad 1st Mortgage Bonds.
Atlantic
BOUGHT BY
R. CTLEY, No. 31 Pine
Street, N.
Y.
FOR CHOICE
Co.,,
STREET} ST. X.OITI8, Mo.
Western Investment Securities for
sale. St. Louis City and States of Missouri. Kansas,
Texas, Arkansas and Colorado Bonds a specialty.
Full information given in reference to same on aplication. Coupons and dividends collected.
6 Per Cent Mortgages,
H. R. Prather & Co.,
REAL ESTATE AND INSURANCE,
Indianapolis, Ind.
86
and information fur-
FHSD. A. BROWN.
11 Pine Street,
First-class
BANKERS AND BROKERS,
SPMtaltl?'*'*^''"^
SOLD ON COMMISSIO.N.
WALSTON H. BROWN.
WM.
305 OlilVE
BALTIMORE.
&
Ban Iters.
P. F. Keleher
TEANSACT A GENERAL DOMESTIC AND FOREIGN BANKING BUSINESS.
Son,
BANKERS,
i*t
AVestern
Sons,
BANKERS,
SOUTH STREET,
Wilson, Colston
S. C.
Special atte.xtiox given to Collections.
BALTIMORE
874.
CHARLESTOiV,
Natiokal Banking Association,
GERMAN STREET,
Robert Garrett
No. r
BANK OF
&
Cisco
J.
nrbe Financial Association of Ontario^
ACGl'STA, GEORGIA.
Baltimore Bankers.
Co.
John
BRANCH,
HARRIS & RHIXD,
STOCK AND BOND BROKERS,
Buy and
&
HOPKIN8, Vice-Pre.'iident Wabash St.
& Pacific itailroad Company.
JOHN PATON, Messrs. Jesup. Paton & Co.
W. H. DYCKMAN, SJecr.. 39 Wall St.
L,.
Louis
President.
Frkd. H. Scott, Vioe-Pres't.
P.
Information on all classes of Southern Securities,
especially State B(jnds, Tax Coupons, &c.
C'i'r-
DEVOA'SHIRB STREBT,
BOSTON.
J.WILLCOX BBOWX.
turn
A.
is
respondence
DIIiECTURS:
Walston H. Brown & Bro.
CO.,
CO.,
BANKERS AND COMMISSION MERCHANTS,
RICHMOND, VIRGINIA,
Stackpole,
0,000
200.000
'.{.10,000
100,000
8(il
No. 59 WAtil, STREET, NEW YORK.
DEPOSITS RKCEIVBO SUBJECT TO CHECK
AT SIGHT, AND INTEREST ALLOWED ON
DAILY BALANCES.
GOVKUN.MENT BONDS. STOCKS AND ALL
INVESTMENT SKCUKITIES BOUGHT AND
VKRMILTE & CO.
THOMAS BRANCH
&
YORK
JV'EII'
Southern points on best
all
JOHN
New York
CO.)
18"2.
VERMIliYB, PrcBt. Merchants' Nat. Bank.
SHEKJIAN, Prest. Mechanics' Nat. Bank.
ROBERT U. MINTL'RN, Messrs. Grinnell, Mln-
sell
Collections
BANKERS,
No. 68
TniAVRY
terms; prompt returns.
and other markets.
CANADA GUARANTEE
THE ONLY COMPAXY IX AMEBICA TltAXSACTINQ THIS BUSINESS EXCLUSIVELY.
Subscribed capital
Paid-up capital in cash
Assets
Deposited at Albany in U.S. Bonds
MERCH.\NTS' NATIONAL BANK,
RICHMOND, VIRGINIA.
BOSTON.
Parker
& Schoolcraft,
promptly attended to.
New York Correspondent,
DEVONSHIRE STREET,
Orders for Stocks executed in Boston,
(Formerly the
parts of the United States.
Government, State, Municipal and
Railroad Bonds and Stoclis. &c. Virginia State TaxReceivable Coupons bought and sold. All orders
Buy and
County and Railroad Bonds.
BANKERS,
IS.
Coiiip'y
OF NORTH AMERICA.
STOCK BROKERS,
RICH.MOND, VIRGINIA,
GOVERNMENT SECURITIES
Tower, Giddings
all
KICHiTIOND, VA.
STATE STREET, BOSTON.
DEAL,ERS IN
Cashier.
SOVTHERN SECURITIES A SPECIALTY.
BANKERS
40
WALKER,
1104 MAIN STREET,
No.
ALSO,
]>InnicipaI, Srnte,
Chas. A. Sweet
A. K.
STOCK BROKERS,
STOCK EXCHANGES.
Dealers in
Guarantee
J. D.
B. B.
Pres't.'
Campbell
MBMBEKS OF THE NEW YORK AND BOSTON
BOXBS OF SIJRETISHIP
For Employees in Positions of Trust-
;
;
of Liverpool, Liverpool.
First National Bank,
WILMINGTON, N. C.
CONGRESS STREET,
3S
Williams, W.G.
Geo. S. Coe, J. S. T. Strunuhan. Charles Dennis, Wm.
M. Richards, H. D. Clatiin, John D.Mairs, Lyman W.
Briggs, 8. B. Chittenden.
IS
Special attentifin paid to collections, w*ih prompt
remittances at current rates or exchange on aay of
E. E.
Co.,
Secretary.
Ej>waui> Stahk, General Agenjt.
T. Hope. A. B. Hull, G. O.
Low, A. S. Barnes. H. A. HurllMtt,
ESTABLISnED
ALABAMA.
T«OBIL£,
office, 1
Directors— George
Co.,
BANKERS,
BANKERS,
No.
&
Thos. P. Miller
and IndiTicUiala upon favorubie terms.
Deal in Governnients and standard luTestment
positions of trust.
THE
THOS. P.MILLEK, R.P.WILLIAMS, JNO. W.MILLER
CHAS. B. MlLLKll.
St.,
Receive nccounts of Banks. Biinkerg. Corporations
Brewster, Basset
^
I
Southern Bankers.
BANKERS,
NEW^ YORK.
-
TORE,
John M. Cuaxe,
curities. Collections promptly attended to.
Correspondents carefully represented at Auctions
and Private Sales. Bonds of ^ood. but not wellknown railroads always wanted for investments at
the best rates. Orders on murgins not entertained.
- -'
XEW
Full information can be obtained at the
Broadway.
WM. M. HicHARDS. President.
Lyman W. Buiggs, Vice-President.
No. 207 Walnut PVacc, PHII^ADEI.PIIIA.
Government, State, Municipal and Ilailway Bonds
and Stocks boutiht and sold at all the E.ccnanges.
Investments prudently made in sound railway se-
BOSTON, 91 ASS.
Geo.Wm.Ballou&Co
OF
The only company orpanizod in the United States
Kuarantee nje tne Hdelity of persons holding positions of pecuniary trust and responsibility, thus securing aCOKPOKATE GUARANTEE in lieu ot a
personal bond where security is required for the
faithful performance of the duties of employees in
ail
A. P. Turner & Co.,
BANKERS,
CONGRESS STREET AND
2 CONGRESS SQUARE,
72 DevonMlilre
PHILADEL,PHIA.
SoutIt Tliird St.,
furnished.
EXEOVISD IS
PHILADELPHIA,
14 IVall Street,
FIDELITY GUAR.4NTEE ItUNDS
ARE ISSUED BY TlIK
FIDELITY & CASUALTY CO.
Dealers in all Issues of United States Bonds.
Investment Securities a specialty. Correspondence
inTited and full information upon financial subjects
ALIi ISSUES.
NEW YORK,
No.
Financial.
Shoemaker.
Jos. M.
BANKERS AND STOCK BROKERS,
134
BOSTON,
No. 7
THOMAS.
Thomas & Shoemaker,
IN
GOVERNMENT
OOMMISSIOIf OKSERS
C.
XX.mi
(Vol.
TOFEKA, KANSAS.
Loans negotiated. Collections made. Toxetf
Snoeesaor to
paid.
SMITH & HANNAMAN,
Hickling
40
SIXTH AVE., WEST OF KAN. AVE.,
Municipal gecuxlties bought and sold.
ADDRESS
FRAiVCIS SMITH,
&
&
42 Excliauge Place,
Co.,
New
York,
Buy and sell all N, Y. Stocks, on 3 to 5 per cent mATfin. PrivileKca at favorable rates. *50, 100 shares.
f desired, we will use our Juci«meut in selecting
Opportunities constantly occurriny tor
atocks.
large profits.
CoU or write
for inturmatioa.
J
Mat
THE CHRONICLE.
21, 1881.
Financial.
Financial.
NOTICE TO I.MTESTOUS:
$600,000
Wo offer for Bale
a limited amount of Ricbmond
Kuilroud Six Per Cent Gold Binds, duo
in 1915, at par and accrued Interest, The bonds uro
secured bj ttie consolidated mortgage on the Richmond & Danville RK. and the Piedmont RR., and
the lease of the Nortli Carolina Railroad. Wo canconfldently recoiuaiend these bonds, as the annual
report for the year ending Sept. 30, 18^0, showed
that the company had reduced its debt over
|4SO,000 during the two preceding years, besides
adding largely to the rolling stock and machinery;
also purchasing 6.300 tons of steel rails. For seven
months ending 30th April, 1881, the net receipts
«xceeded (240,000, equal to about Ki per cent on its
capital stock, after paying Interest, rents, and all
other fixed charges, besides paying large amounts
Xor equipment, steel rails and additional workshops.
A Danville
TIIO!«.
BRANCH &
CO.,
Ulchmond, Virginia.
show an
The
Increase of over 100 per cent over same month last
receipts for carrying mails last April
year and from freight of 89 per cent. Previous to
1st of May 40 per cent of the Atlanta & Charlotte
freight went via the North Carolina Central RR
now all its through freights go over the Richmond
& Danville Rallroai', which will add largely to Its
Income.
m
Financial.
Louis Kansas City &
Northern Railway Co.
(OMAHA DIVISION)
Seven Per Cent. First Mortgage Forty.
Tear Gold Bonds.
These bonds are part of an issue of $2,330,000 on
the line of road from Pattonsburg. Mo., to Council
Bluffs. Iowa, 146 miles, at the rate of 816,000 per
mile. Interest (1st April and 1st October In each
year)and principal are payable in gold coin, and the
bonds are exempt from any United 8tnles Income Tax, and having a Sinking Fund of $30,000
per annum. The local traffic of the line is heavy,
and the annual net earnings are officially stated to
be many times In excess of the Interest on the
bonds.
The United States Trust Company of New Tork Is
the Trustee for tne Bondholders.
FOR SALE BY
*•
Treasurer's Depart.mest,
Philadelphia, May
2,
WALL
FOUR PER CENT
on
the Capital Stock of the Company, clear of all
taxes, payable In cash on and after May 28, to stockholders 09 registered on the books at 3 P. M,
April 30, 1881.
On May 28, dividends will be paid to women only;
after that date they must await their turn with
other stockholders.
The Board have also Instructed the Treasurer to
give public notice that the stockholders will have
he privilege of subscribing at par to the stock of
the Company in the proportion of TWELVE AND
ONE-HALF PBil CENT of the number of shares
registered in their names April 30, 1881, and those
•ntitled to a fraction of a share can subscribe for a
faP. share. All subscriptions must be made and
paid for in full prior to June 15, 1881, and no subscriptions will be received after that date. The
privilege of taking new stock may be sold by any
STREET.
OMPAXT
C
PER CE-\T
FIRST MORTGAGE CONSOLS,
FIVE
DUE
Interest
1911.
January and July,
in
New
York.
Dlile.
COMMON
STOCK.
We
ask those seeking safe investments to ex-
amine
this railroad's record of
ments for twenty-five
years,
prompt interest pay-
and
its
present finan-
the bonds.
Cent Bonds.
HOL<T,
&.
10 Wall
Street,
New York.
Lummis & Day,
Sts.,
Offer fob Sale a Limited Amount of
RR.
General Mortgage 6 Per Cent Glold Bonds, due
98
BROADWAY, NEW YORK.
WAIVTED
:
Scioto Valley Railroad Bonds and Btock.
Columbus & Toledo Railroad Bonds and Stock.
Ohio t West Virginia Bailroad Bonds.
Chicago
& Northwest.
Railroad con. 7s, due 1918.
Uissourl Pacific Railroad 3d Mortgage Bonds.
Atchison Colorado & Pacific Railroad Bonds.
Cincinnati Municipal Bonds.
County and City Bonds of Ohio, Indiana, Illinois,
Iowa, Michigan and Wisconsin,
Dallas City, Texas, Bunds.
Houston, Texas, Defaultlna; Market Bonds,
long Island City, N. Y., Assessment CertlScates.
Oregon Improvement Bonds and Stock.
D. A.
EASTON,
With BOODY, nicLEI.LAN dc CO., Bankers,
No 58 BROADWAY, NEW YORK.
1 iron
steamships of high rate of speed,
and to withstand the heavy
Delaware River.
end
will be
the necessary terminal
and
fifty
thi.s
the
thousand
(.f
ice of the
completed by the
They
of the present year.
will cost,
facilities, five
350,000) dollars.
with
hundred
To meet
company has authorized the
issue of
four hundred thousand dollars ($100,000) Reg-
maturing after
istered Bonds,
and
five years,
2,
1882, bearing
SIX Per Cent interest, payable annually In New
York, and secured by a First Mortgage upon
&
It is confldeutty
earn not
19S1.
14,
1881.—
1, 1881, from bonds of the Oregon
Improvemerit Company will be paid at raarurity by
the Farmer's Loan i, Trust Company, 26 Sxchange
Coupons of June
Place,
New
York.
HORACE WHITE,
believed that the line
vrlll
than $300,000 yearly, ftct profit.
The bonds will participate in OTie
half of the rut
which will be paid as an
to the fixed rate of
mil be received
6 per cent. The bonds
in
payment of freight
eharges at Ten Per Cent premlnm, after the
has been in operation one year.
privilege of subscribing to a portion of
is offered to those seeking an
They are of the denomination of
$500 each, and payments to be made as called
investment.
th©
work progresses upon the vessels. Six per cent
interest will be allowed from the date of each
payment, and the bonds will be deUvefed by
the trustees when the full amount of the subscription called for
The books
will
Is
paid
in.
be opened at tb e
MONDAY, May
28th, at
3,
office of
the
23d, and closed
p.
M. (with right
of earlier closing reserved..)
cent should in each tiase
accompany the sub-
scription.)
Juae and December.
Nassau Stbekt, Nkw York, May
lean
(The customary preUn-Jnary deposit of 10 per
OREGON IMPROVEMENT COMPANY,
20
the city of
act as Trustee of the Mortgage
SATURDAY, May
Western RR.
Mortgage 6 Fer Cent Gold Bonds, doe
Interest
Company in
The Mercantile Trust
undersigned on
Interest April and October.
Indiana Bloomington
and Desirable Investment.
W. BEASLEY & CO.,
A
especially adapted to the requirements of the
for in instalments of one-fourth each, as
BANKERS,
First
A.
merchants requiring additional
the
the bonds at7)or
(EASTERN DIVISION)
A Safe
two
The
TAIKTOR
1921.
Per
Philadelphia, In which
transportation facilities on the route, will build
line
We recommend
CITV OF JOLIET, ILLINOIS, HOUSTON & TEXAS CENTRAL
•Six
tion of
cial condition.
33 Drexel Building, Cor. Wall <fc Broad
WATERWORKS COMPANY
New York and
between
they have the co-operation of a large propor-
extra dividend to the bondholders in addition
Secretary.
$5O,00O
the purpose of running a fast freight line dally
eamin!;^ of the line,
PAL, INTEREST, SINKING
FUND AND DIVIDENDS.
will be held at their office No. 28 South
Street, in the City of Baltimore, on Wednesday, the
9th day of June next, at 12 o'clock noon, for the
election of nine directors for the ensuing year.
The stock ransf er books will be closed on the 11th
list, and win remain so until after the election.
W. B. BROOKS, President.
WE OFFER
A company to be Incorporated under the
Steamship laws of the State of New York for
and Registrar of the Bonds.
NO FLOATING DEBT.
CINCINNATI HAMILTON & DAYTON
RAILROAD GUARANTEE PRINCI-
and by-laws;
Wm. W. JANNtT,
;
DIVIDENDS PAID ON PREFERRED AND New York will
JOH^f D. TATLOR,
^-'OF BALTIMORE, 88 SOUTH STREET, BALTIMORE, May 16, 1881.—Notice is hereby given to the
atockholders of the Canton Company of Baltimore
that the Annual Meeting (required by their charter
{
|
the vessels.
Bonded at Less than 930,000 Per
furnished upon application.
^FFICE OF THE CANTON COMPANY
LINE.
i
within ten years, from January
stockholder, and blank forms of allotment will be
Treasurer,
FREIGHT
|
The two steamers
& Michigan RR.
Dayton
1881.
The Board of Directors have this day declared a
Seml-AnnuBl Dividend of
WILLIAM ALEXANDER SMITH & CO.,
40
York Mutual
'
trade,
;
pENNSYIiVANIA RAILROAD COMPANY
The Philadelphia & New
St.
Treasurer.
Full particulars furnished
upon appUcation
ous.
BLACQUE & KOHLSA4T,
BANKERS AND BROKERS,
30 Pine
Street.
Albert E. Hachfield,
C. chew,
NASSAr STREET,
IT
Deals In InTestment Secnrltlea and
Bonda
Generalljr.
WANTED
&
Jc
FOK
BONDS, LANDS, &e.
stoutly on
hand
HENRY W. BARTER, ATTORNEY, Canton.
Dayton Bonds
SAL,K
NEW YORK.
Desirable Texas Securities for Investment oon
St.
Cincinnati Ilamllton
STREET,
TEXAS RAIIiAVAYS,
:
Louis Ists.
Columbus Si Toledo Ists.
Joliet k Northern Ists.
Kansas & Nebraska Bonds.
St, Joseph & Western Bonds.
Indianapolis
J.
WALL
No. 7
:
Consumers* Ice Company's stock.
An sigbt Per Cent InT«gtmoa
Ohio, conducts all classes of cases against indlv*
iduals, railroads and other corporations in both Stat6
and U. S. Courts. Refers to r. Auitman. Canton. O.:
& Sona, Canton, O.; Kuuntze Bro3.ft
Kx-Chlef Justice A«Qew, Bearer, Fa.
Isaac Harter
New York;
THE CHRONKJLE.
IV
Elizabethtown
&
Chicago Milwaukee
&
Big Sandy
EASTERN
XXXn.
Financial.
Financial.
Lexington
[Vol.
DIVISION,
Paul
St.
BAIL WAY COMPANY
RR. Five Per Cent Gold Forty-Year Bonds,
r>ixe 1031.
FIRST MORTGAGE SIX PER CENT SECURED BY FIRST MORTGAGE UPON THE CHICAGO & PACIFIC
WESTERN DIVISION SYSTEM OF THE COMPANY.
SINKING FUND GOLD BONDS.
INTEREST PAYABLE SEMI-ANNUALLY IN NEW YORK IN GOLD ON JAN. 1 & JULY 1.
Mortgage, ?3,500,000. Principal due 1902.
THE CHICAGO MILWAUKEE & ST. PAUL time dividends on the common stock, which
R.\ILWAY COMPANY at the beginning of the latter for 1879 amounted to 6 per cent, while
Sinking Fund; 925,000 Yearly.
INTEREST SIX PER CENT, PAYABLE
SEMI-ANNUALLY.
MARCH 1 AND SEPTEMBER 1.
DENOMINATIONS $1,000, COUPON OR
REGISTERED.
Registered Bonds have coupons attaolied payable to bearer, or with coupons detaclied interest payable to owner or attorney at Company's
office In
New York
City.
102 1-3 and Accrued Interest,
Price,
Subject to advance witbout notice.
MILEAGE.
Lexington to Mount Sterling, owned
Mount Sterliug to Straitsville, owned
Straitsville to Asliland, leased
33'6
tiG-0
20"0
Ashland to BIp Sandy Bridge, owned
Big Sandy Bridge to Huntington, leased.
8'0
7'5
135-1
Total
CONSTRUCTION AND EQUIPMENT.
Fifty pound steel rail, both main line and sidings, iron bridges, solid masonry, rolling stock
Of the most approved construction.
curreut year owned and operated about 3,700
miles of railway.
To further complete and consolidate its system, and especially the Southwestern portion
of the same, the Company has acquired a number of conuectiug lines in the Stuto of Iowa ivnd
in Dakota, and is constructing a line of railway
from Dubuque and Marion across the State of
Iowa to Council Bluffs, opposite Omaha, with
branches into Nebraska and Dakota, including
three bridges across the Missouri and Mississinpi Rivers. To provide means for these purhas dctcrniincd to issue its
i)0.ses the Company
innds, secured bv tlrst mortgages, at the rate < f
1880 7
mon stock.
for
per cent
was paid upon the com-
The gross earnings for the year ending December 31, 18S0,.imountedto.$13, 086,1 18 61
After deducting operating
expenses and taxes
There were
left,
7,742 425 66
net earn-
$5,343,692 93
ings
$20,<ioo PER Mile of completed and
EQU rPPED KOAD, and further issues for three
And after paying interest on the total bonded
debt there remained a profit for the year of
$2,749,607 45, from which deducting the
diviiiond of 7 per cent on both classes of stock,
91,946,612 08, leaves a balance of net
prollts of 9802,995 37, which, together with
the surplus of former years, leaves ah undivided
balance of iDCome of $3,369,977 13.
The rolling stock of the Company at the
beginning of the year consisted of 425 locomotives and 13,631 cars of various descrip-
WHEN ACTUALLY ACCOMPLISHED.
The new system which the Company is now
coustructlngand for which this issue of bonds
is made will make the shortest line from Chicago to Omaha, and will enaljle it to secure a
share of the trans-continental traffic heretofore
mainly controlled by the other lines extending
east from Omaha and it is expected that the
superior location of the line by which these
bonds are secured and their redemption in gold
bridges, and for additional rolling stock when
required by the increased traffic of tlie Company ; and in ease it becomes requisite by increased traffic, the Company may double-track
the line at not to exceed an additional hypothecation of $8,000 a mile. The deed of trust to
the Farmers' Loan & Trust Company STRINGENTLY provides that NO BONDS CAN BE
ISSUED except for the aforenamed purposes
The Capital Stock
of the Chicago
Milwaukee
& St. Paul R.iilway Company is—
$12,404,483
15,404 261
In Preferred Stock
In Common Shares
$27,80S,T44
M.-jking together
During the entire existence of this Company
diviilends of 7 per cent per annum on the preferred stock have been paid, and from time to
tions.
;
coin will make the
sirable investment.
same an exceptionally de-
JULIUS WADSWORTH,
(Signed)
Vice-President.
The undersigned haTing secnred control of the ahOTe-de.^cribed
ROUTE AND RESOURCES.
loan, offer
from Lexington, Ky.
to Huntington, W. Va., through the rich blue
grass region of Kentucky, being the neck of the
Chesapeake & Ohio route, and thus the most
important link in that whole vast system which
Is to-day extending itself to the Far West,
Northwest, and particularly the Southwest, via
the Paducah & Elizabethtown and the Paducah
$5,000,009 for public subscription
AT THE PRICE OF 100 AND ACCRUED INTEREST}
subject to an advance in price and to closing of subscription without notice.
Subscriptions will likewise be receiTed by the
& Memphis railroads.
giring purchasers the advantage of an international
The route
of the road Is
r>EUTScnE
stem.
LliMESTONE AND
wUl add
to the
Ireights, thus
directions.
traffic
CHARCOAL
and furnish return
insuring loaded cars in both
Lumber, which abounds in great varieties in
virgin forests, live stock, com, tobacco, fruit,
products of a rich aud prosncrous region, will
all contribute to swell the receipts.
Neither should Ihe emigration likely to be
stimulated be overlooked, for the richness of
the soil, the healthfulness of the climate of
Kentuck}, are proverbial.
The road only needs net receipts of $210,000
to pay the interest on its bonds. We look for
more than that return trom the local traffic
alone.
The necessary funds for the completion of this
read are assured, and work is rapi<lly progressing from Mount Sterling eastward aud from
Asuland westward. From Mount Sterling to
Lexington, aud from Huntington to Ashland,
the road is in active operation, trains running
dally. All the steel rail, fastenings aud ties are
bought and on the ground. Fifteen new locomotives have been ordered and four hundred
new cars, preparatory to the opening of the
St.
ment
these bonds as a safe invest-
security.
FISK:
£
HATCH,
&.
NASSAU ST., NEW YORK.
Louis Railway
Six Per Cent Second Mortgage Bonds.
81,000,000,
DUE
1901.
NEW YORK,
INTEREST PAYABLE IN
Central
JANUARY AND JULY.
Trust Co. of New York,
Length of road
Total Bonded Debt
CO.,
IVew Y'ork.
Car Trust Bonds.
SPECIALTY OF THESE VERT
SAFE SECURITIES, AND BUY AND SELL SAMB
AT MARKET PRICE.
WE OFFER A LIMITED AMOUNT OF DESIRABLE CAR TRUST ISSUES, ADDITIONALLY
SECURED BY THE DIRECT OBLIGATION OF
THE RAILWAY EQUIPMENT COMPANY.
CL.ARK,
post"* MARXIST,
34 PINE STREET.
Spencer Trask
S8,502,000 00
Gross Earnings 1879-'80
Operating Expenses and Taxes
...
341,200 00
82,117,070 17
1,231,924 78
$863,143 39
Net Earnings, 18 months
The gross earnings for the first ten months of the
current fiscal year show an increase over corresponding period of last year nf $100,283 22.
Proposals in writing will be received by the undersigned for the above one million dollars of bonds
offered for sale, up to and Including FRIDAY, May
27th inst., at the office of the LOUISVILLE AND
NASHVILLE RAIDWAY CO., No. 52 Wall Street,
New York.
JAmES
inarliet.
WB MAKE A
Trustee.
463 miles."
S1S,36S per mile.
Total fixed charges perannum...
D.
PORTER,
& St. L. Railway.
President N. C.
&
Co.,
Successors to
TRASK & FRANCIS,
BANKERS AND BROKERS^
70 Broadway,
New York
City.
Transact a general Banking Business
Stocks Bought and Sold on Margins.
Interest allowed
BRAhXH
on Deposits.
Offices,
Connected by Prirate Wires,
Philadelphia, 132 S. Third
St., C. F.
Albany, N.Y., IMaiden Lane,
W.
C. H.
&
Fox
A. Graves
E. Odell,
agents for
entire road.
We recommend
ISTassaix Street,
Nashville Chattanooga &
THE COALS
of workable size in the area tapped by this road
are hardly surpassed in their average value by
those of any other area of the United States.
The carriage of the iron ore to already-existing furnaces will give a large and profitable
business to the road.
31
IVo.
THE LOCAL TRAFFIC
of the Big Sandy route promises to be enormous.
Opening to the world, as it does, a comparatively unsettled region, whose intrinsic treasures will be developed by the many branch
roads already Unished or in process of construction, all of which will be feeders to the main
O. M.,
KUHN, LOEB &
THROUGH TRAFFIC.
The Big Sandy and Chesapeake & Ohio route
to the sea is not only nearly one hundred miles
shorter than three of the older trunk lines, but
its grades are for both East and West bound
traffic much lighter, and fuel and railroad supplies are obtainable at an abuost noniiaal price.
ver^eiistsb^ivk:
OF FRANKFORT
30
Samuel A. Strang,
PINE SIRKJBT. NEW YORK, Steel
BANKER
AND COMMISSION MERCHANT,
Buys
ajcd sells
Investment Securities. All busi-
UOai connected with railways undertaken.
and Iron Rail
MANUFACTUHEKS,
104 John
Street,
Rooms 10 &
NEW YORK
CITY'
11,
—
;
xmm
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
[Entered, according to act of Congress, In
VOL.
tlie
year 1881, by
Wm.
B.
Dana &
Co., In
SATURDAY, MAY
32.
CONTENTS,
the
office of
21,
the librarian of Congress, Washington, D.
NO
1881.
C]
830.
Mint figures, it leaves us with the following gains
compared with 1879.
to these
THE CHBONICLE.
as
The Financial Situation
537 Monetary and Commercial
542
The Reading Railroad Again.. 539
Euglish News
Sales of National Bank Sliares 540 Commercial and Miscellaneous
543
Chicago Burlington & Quiucy. 541
News
I
|
Gold Coin
d Bullion.
|
May
2,
July
1881.
1,
1879.
Gain since
July 1, 1879.
1
THE BANKERS' GAZETTE.
Money Market, Foreign Ex-
Quotations of Slocks and Bonds 547
548
MiRcollaneous Quotations
Railroad Earnings and Bank
change, U.S. Securities, State
and Railroad Bonds and
Stocks
545
Range In Prices at the N. Y.
Stock Exchange
546
$170,000,000
94,000,000
250,000,000
$135,000,000
35,000,000
116,000,000
$35,000,000
59,000,000
140,000,000
¥520,000,000
$286,000,000
$234,000,000
In the light of Jhe foregoing the extreme ease of
money
no surprise; and when we add to the above, the disburse558
559 ments of the Treasury, the constant production of gold
which is going on, and the increase in bank circulation,
TIMES.
is
553 Breadstnlts
554 Dry Goods
Commercial Epitome
Total
549
Returns
Investments, and State, City
and Corporation Finances. .. 550
THE COMMERCIAL
1
Cotton
In Treasury
In banks
In circulation
|
silver certificates, &c., with a return of that period of the
Thb Commercial and
Financiai, Chronicxe is issued every Saturday morning, with the latest news up to midnight of Friday.
[Entered at the Post Office at New York, N. Y., as second-class
mail matter.]
TERMS OF SUBSCRIPTiON-PAYABLE
ADVANCEi
Transient advertisements are published at 25 cents per line for each
Insertion, but when deUnite orders are given for Ave, or more, insertions,
a liberal discount is made. Special Notices in Baukiug and Financial
oalumu 60 cents per line, each insertion.
Offices.
The ofllce of the Ciiuoxici.e in London is at No. 74 Old Broad Street,
and lu Liverpool, at No. 5 Brown's Buildings, where subscriptions and
advertisements will be taken at the regular rates, and single copies of
lOHM
Is.
each.
WILLIAM
FLOYB, JB. i
O.
A
79
fc
B. DANA & CO., Publishers,
81 William Street,
YORK.
NEW
Post Office Box 4592.
neat
file
cover
to the currency,
we have prepared
the following,
showing
past growth and approximately the present condition.
have omitted subsidiary
Currency in
silver
May
and some
Legal Tenders
National Bank Notes
Gold Bank Notes
Gold and Silver
2,
1881.
$520,000,000
33,000,000
346,681,000
351,501,342
1,099,225
Silver*
lesser items
its
We
from
Jan..
1,
1881.
July
1,
1879.
$487,000,000 $286,000,000
30,000,000
15,000,000
346,681,000 346,681,000
343,219,943 328,224,197
1,135,260
1,467,500
Certifl
45,000,000
43,000,000
15,750,000
...$1,297,281,567:$1,251,036,203 $993,122,697
Total.
Silver includes only Standard and Trade silver dollars
actual circulation in the United States.
Here
THE FINANCIAL SITUATION.
of loanable funds
TTniled States.
Gold
is
The extreme abundance
That our readers
a basis upon which to estimate future additions
cates outstanding
furnished at 50 cents postage on the same is
locents. Volumes bound for subscribers at $1 00. A complete set of
tbe Commercial and Financlal Chbonicle—July, 1865, to datebe obtained at the office.
tdtf"
may have
the statement.
AdTertlsement*.
the paper sux^piled at
-WILLIAM B. DANA, \
ruption to the present speculation, through any want of
loanable funds, for a long time to come.
IN
For One Year (including postage)
$10 20.
ForBixMouths
do
6 10.
Annual subscription In London (Including postage)
*2 7s.
Six mos.
do
do
do
1 8s.
Subscriptions will be continued until ordered stopped by a writlen
order, or al the ptMication office. The Publishera cannot bo responsible
tor Remittances unless made by Drafts or Post-Otllce Money Orders.
liOndon and Liverpool
year when crop requirements are at a minimum, there
seems to be not the slightest reason to anticipate inter-
which are In
an addition to our currency of over 46 milJanuary 1, and over 300 millions since July 1,
Bank circulation increased 5 millions last month,
is
lions since
the
world
1879.
much larger increase this month. Grold
were received at the Bank of Eng- production is proceeding at the rate of about 3 millions
land for British Treasury bills for three and six months, monthly.
One can scarcely expect to see speculation
and they were placed at so low a figure as to yield for the collapse in such a medium for supporting its life as this
over
is
the distinguishing feature of the present period.
Ten days
since tenders
money only at
the rate of If percent per year.
The explanation of these low rates there, is the total absence of com-
mercial enterprise, a condition for which
until
some
settlement has been
definite
we see no cure
made of the so-
called silver question.
This is of interest to us, chiefly because such a state of
the market in London promotes a similar situation here,
and furnishes a kind of guaranty of its continuance.
For while it lasts, every recurrence of dear money in Wall
Street
is
but will show a
more than
likely to be quickly
influx of European capital.
In
responded to by an
this connection the esti-
niate of Mr. Burchard, Director of the Mint, of
coin and bullion
now
We have just had
in the country, is
Wall
money
is
being sent.
The Treasury disbursements, in
excess of the receipts, are large, chiefly for called bonds.
Payments for the week by the Assay Off ce for domestic
nothing having been received from Europe
bullion
and according amount to $571,123,
The Treasury operations for the
the gold
very interesting.
such an influx of gold,
During the past week money has loaned freely
Street on stock collaterals at 3 per cent, and
on governments at 2@2^ per cent, with time loans at 4 per
cent.
The same or even greater plethora of loanable funds
is naturally enough observable at St. Louis, Chicago, and
other Western points, and the movement of currency to
Boston
this centre from those sections is uninterrupted.
continues in a very limited way to draw upon New York,
but that is the only important interior point to which
affords.
in
—
.
THE
5.S
week ended May
resulted
in
$2,600,780.
19, exclusive of transfers of $2,200,000,
a loss,
The
toms have been as
(.'HRONICLE.
wliicli
a gain to the banks,
is
daily receipts
by the Treasury
of
for cus-
the low-priced properties
follows.
Ootisistlng of-
Duties.
n.8.
Oold.
May
13..
14..
16..
17..
18..
19..
Total.
$392,834
375,015
504,064
388,272
495,252
372,581
64
Dollars. Oe}'tificates.
Notes.
18
21
45
29
$1,183,000
$72,000
$3,000
in fact, that
;
has been a feature
First one and then another of these stocks has
been advanced, in many cases apparently for no other reason
than that for the moment it supplied the demand for some-
Silver
$198,000 $12,000 $1,000
175,000
7,000
251,000
1,000
10,000
143,000
20,000
1,000
207,000
15,000
209,000
8,000
86
$2,.528,020 63
Silver
XXXn.
and the trunk-line stocks have risen in response to the
report that the cutting of rates on east-bound business had
been stopped. Of course, the speculation has extended to
of the week.
Date.
[Vol.
$181,000
194,000
242,000
224,000
274,000
155,000
The inference is that outside
upward movement and
thing in which to trade.
speculators are fully enlisted in the
that they are liberally
buying almost anything that gives
promise of a profit without
much regard
to
its
intrinsic
value.
The plan
$1,270,000
for the continuance of the 5
bonds
and
6 per cent
at 3-J- per cent
of course, proving to be, as every
The following table shows the net Sub-Treasury movecareful observer knew from the first it would, entirely
ment for the -week ended the 19th, and also the receipts
successful.
The time expired yesterday during which
and shipments of gold and currency reported by the prinholders of the 6s could accept the proposition of the
The net result will indicate very
cipal banks of this city.
Department to extend the bonds, but the exact amount
closely the gain in reserve by the banks this week, and it
noticed for continuance will probably not be made known
should be borne in mind that last week's statement was
for some days.
It appears, however, that less than 5 per
probably made on rising averages.
cent of the whole will be presented for payment on the
date of maturity, June 30.
Into Banks. OutofSayiks
The Treasury Department has
Net.
Interior
$2,600,780
1,987,000
moyement.
$4,587,780
Total
The
braces
interior
all
movement given
239,000
$2,600,780
1,748,000
$239,000
$4,348,780
$
in the above table em-
the receipts and shipments of gold and currency
also
is,
been employing a double force of clerks examining
the applications from holders of the 5 per cents sent in for
continuance, and
next
all
now anticipated
of
Tuesday
coupon bonds and a
that before
large proportion of the registered will request an exten-
The time
reported to us by the banks for the week ended the 19 th,
sion.
which stated in our usual form were
receipt of
as follows.
it is
American holders
the
of
fixed
the Department circular for the
in
applications does
not expire until July
1st,
but
holders are of course anxious to get their notices in early
lieceiptsat
and Shipments from N.
Received.
Shipped.
$1,962,000
25,000
$239,000
$1,987,000
$239,000
T.
<Jold
so that their continued bonds will bear high
consequently will be
among
numbers and
the last called in for final
'
redemption.
Total
The anxiety to get these extended bonds is well reflected
The Sub-Treasury commenced this week to draw ex- by the condition of the bond market during the week,
change on San Francisco, and two of the Canadian banks, which has been active and strong, with the principal tradand one or more of the city banks, deposited gold and took ing in the 6s and 5s, which are of course wanted for conout exchange for remittance.
The stock market
tinuance under the influence of the high price of
upward movement
in its
has,
during
the week, had several special favoring influences.
intended for the opposite
effect (but of
ence, because the Street estimated
the entering of the great
State
What good
speculative arena.
it
very
at its true
of
little
One
influ-
worth) was
the
103J@
in the 4s ap-
pears to have halted for the moment.
that the
Bankers calculate
the one bearbeing continued from 6s, and the other,
continued from the 5 per cents.
"Windoms"
ing date July 1st
will
—
be of two classes
into the
dated August
we would
ask, can
The Bank of England lost £384,000 bulHon during the
week, some of which has gone to France, but probably the
The Bank
greater portion to the interior of Great Britain.
be served, should the Attorney-General succeed in his
who made
The movement
New York
purpose,
Remember that the
money by issuing watered stock are,
action against the elevated railroads.
people
103 1 for the " Windoms."
1st,
France gained 9,175,000 francs gold and 537,500 francs
and the Bank of Germany reports a decrease of
The following shows the amount of
1,660,000 marks.
very low so they can buy it in again. Suppose, then, the bullion in each of the principal European banks this week,
State could succeed in its declared purpose of having the and at the corresponding date in 1880.
charters of these roads adjudged forfeited, the companies
May 20, 1880.
May 19, 1881.
pronounced insolvent, the whole system thrown into con-
as a general thing, enjoying the profits of it, are no
longer stockholders, and would delight to see the stock go
of
silver,
—what would
fusion and the stock a foot-ball in the market
not this community
lose,
and who would
profit
Gold.
but these
Silver.
a,
Gold.
Silver.
£
27,323,873
25,842,509
Bank of England
capitalists, capable of picking up the
24,640,232 49,768,030 32,711,423 49,117,412
Bank of France
and breathing into it again the breath of life ? If Bank of Germany
9,735,666 19,471,334
9,118,758 19,1S0,23E
the companies owe taxes which they ought to pay, proceed
59,601,499 63,948,262 69,770,962 68,588,746
Total tUs week
against them in the ordinary way by judgment and exe- Total prerious week.
59,638,891 68,795,51-. 70,425,850 68,451,944
cution
but do not let us drag the name of this great
f^' The aboTe gold and silver division of the stock of coin of the
tlie Bank itself gives
very same or other
debris,
. .
;
of Germany is merely popular estimate, as
no information on that point.
Bank
State into the speculations of "Wall Street.
The foreign exchange market was firm in the early part
grew heavy on Tuesday, and broke down on
were affected by the progress made toward the consolida- Wednesday and Thursday, the exceptional demand notion of interests; the Northern Pacifies have advanced on ticed last week having been supplied and tliere being more
the establishment of harmonious relations resulting from a bills drawn against outgoing securities than were required
Bankers are now
compromise between this company and the Oregon Naviga- for remittance for bonds imported.
tion corporation; the telegraph stocks moved upward on sending abroad some round lots of securities of comparathe announcement of a lease of the Northwestern company
tively new roads with a view of placing them ia Europe at
As already stated, there have been this week several special
influences favoring the market.
.
The Southwestern stocks
;
of the week,
—
May
the
favorable opportunity, and some of these are aldrawn against. Tlie margin of profit for cable
first
ready being
being done, and
is too small to admit of much
prices above the
carried
has
market
this
in
rise
the
in fact
equivalent in many cases, as will be seen by the
transactions
London
Slav
in-24
ma
May
1'.
prica.
May
18.
pricfii.*
19.
May
20.
prica. urica.' prices. prices.* prices.
tl6M 117K UT24 117K
ioa-r,6
103-56
104
117-00
UTH
117-36
n7«
108-71
10454
103-73
104M
103M
I03h
49-98
49« 50-04
60-19
50-31
49«
50«
SOH
101-811 107-^ 104-70t
105-5U 108
108« 105-5U 108
142-10
142X 142-69
14215 u-Jk
UIH 148-88 142
111. Cent. iii-es
140-29 14M« 151-70
N. V. C. 150-4^ 150« 150 '09 149X UU-48 149J4
2925*
Reading 89-SU 58« SO'ltf* 81« 29-3 H ma 89 37+ 59
U.S.Bs.c. 103-31
50-68
Brio
108-51:
4-as«
cables.
49Ji
108!<
141«
151M
eiw
4-88H
4-87X
4-asK
would be biased
By
local
in
it
more
is
favor of
likely that
Gowen
the courts
rather 'than against
surroundings, by a regard
for
Gowen
they had appointed one of the receivers, and perhaps too by a feeling that the old managers might carry
the company safely through if they were only given time
and allowed to perfect their plans, the inclination of the
judges would bo apt to run strongly in the direction of
Yet, without doubt, neither bias nor
the Gowen side.
prejudice had the slightest weight with them, and the only
purpose they had "to serve" was a correct construction
4-87
Referring to the deferred-bond scheme, our corresponsays that the scheme was formulated under the
Expressed in their New York equivulont.
on basis of $50, par value.
+ ReiidinK
dent
ijOTE.— Tho Sew York equivalent is based upon tlie highest rate for
cable trau8fer.s, which ordinarily covers nearly all charKCS, such as
Interest, Insuranco and commisslonH.
AVe have received from a correspondent at Glasgow
the following communication, which we give because it
reflects in a certain degree the opinion entertained by a
of
portion
the
British public with regard to ihe
unfortunate complications in which the Philadelphia
Reading
authority of the Court and that subsequently the Court
withdrew from it its sanction. There appears to be a
slight mistake
THB EVADING RAILROAD AGAIN.
large
for their predilections,
of the law.
Bxch'ge,
•
not think of intimating that their charreproach or that they were not
above
not
acter was
regarded as incapable of being improperly influenced. As
whom
Lond'n If.Y.
London N.T. Lond'n N.T. L07id'n jr.r. Lond'n N.Y.
lirtees.* prices. prices.'
D.S.4s,c.
Gowen would
of
him.
following.
JTrtu 16.
539
THE CHRONICLE.
21, 1881.J
&
at present involved.
here.
It
cannot be said that the scheme
was fonnulated with the authority of the Court. When
the company failed, the property was placed in the hands
of receivers by the United States Circuit Court at PhilaIt was not competent for the receivers to take
any action affecting the company's finances without express
Mr. Gowen, desiring to relieve
authority from that Court.
delphia.
company ol its embarrassments, devised the deferredbond plan and asked the Court for permission to carry it
Sir— I do not know that your columns are open to the use of corresWithout expressing any opinion as to the
into execution.
pondents, but the importance of the subject I am about to deal with
emijoldeua me to offer this letter for insertion.
plan itself, or even having the power to express any on
The remarkable events that have characterized the course of litigasuch an application, the Court granted his petition (Novemtion in the U. a. Courts in the matter of the Philadelphia & EeadiuK
line
is
side.
This
The appUcation was purely a formal
alarm
this
ber 18, 1880).
on
Railway are subjects of criticism and
uudoulitedlj earning more than enough to meet all its iuterost, and,
one, such as all receivers have to make, and the perwere it not for the untoward hitch of a year ago, would now be in liigli
The purpose of
repute. True, during the trying time of depression which so severely mission granted was equally formal.
strained American resources, it accumulated a heavy floating debt. But the Court was to allow to the company the exercise,
It la ai.so true that, with the authority of the supervising court, a scheme
responsiits own
was formulated which led the shareholders to come forwai-d with suffi- in its corporate capacity and upon
cient money honorably to discharije the debt. But at this poiut, on a bility, of all the privileges and powers conferred upon it by
is
To the Editor of the Financial Chrosicle,
the
Xew York:
technicality, and basing their inj unction on a single feature which
thev thought objectionable, and which all concerned were willing to
obliterate, the Court withdiew its sanction, stultified its own action,
locked up all the funds i)rovided against the new issue, and brought
about a deadlock lu the affairs of the company. This action was so
uncalled for, that It Is freely eanva8.sed here whether the legal authorities, to whose acumen we are Indebted for this decision, have been
tampered with, or have ulterior purposes to serve. What makes the
matter giaver is the fact that the party at whose instigation this step
was taken are said to be large holders of the floating obligations, and
whose interest it is not to receive payment of the debt at present, when
they have such undoubted security. There are other features of the
litigation that are e<iually open to lemark, but as they partake of the
same characteristic-', it is needless to refer to them. The wliole course
of events and the procedure throughout of the antl-Gowen party seem
ao unaccountable, except on one supiiosltion, that that supposition is
reluctantly being mooted on our exchanges. Can it be that the days of
railway "smashers" have not yet gone, and Is It possi))le that an organized attempt is on foot to wreck the company, and let other concerns
share the loot i
Now, sir, I have traveled on two occasions all over your great country,
and have almost unbounded faith in your futm-e. But, with your
vaunted success and progress, you are yet too young to be indeiiendcnt
of British capital and the British capitalist is not yet reconciled to
seeing his money played "ducks and di-akes" with. I do not put the
matter one whit too strong, and our leading journals ou this side will,
by their comments, bear out the assertion that American railway credit
will suiter seriously unless a speedy way is found out of the embrogllo
now existing. It behooves the Superior Courts that will presently weigh
and revise the d'3Ci.siou of the local benches to Ije careful to deal Justly
and honorably in this matter, or the far-reaching consciiuences will bo
vjuost serious to railway credit in the States.
G.
mere
'
;
its
charter, so as to enable
from the
as
it
it
if
possible to extricate itself
by which it was surrounded. As soon
the knowledge of the Court that a different
was being placed on the order, the Court
difiiculties
came
to
interpretation
took pains to declare very emphatically its true position,
and by the order of February 14 revoked so much of the
former order as was intei-preted as giving to the measure
the Court's approval.
In this later- order it is expressly stated, what every
lawyer knows, that it was not within the power of the
court to
authorize the
directors.
—
that the power rested
by and through the board of
scheme
entirely with the stockholders,
But even the stockholders could not transcend
the limits of their charter rights, or transgress the laws of
So the legality of the plan was
mature consideration
necessitating further delay the Court came to the conclusion that the deferred bonds were unlawful, inasmuch
the State of Pennsylvania.
yet to be
determined.
After
—
as being practically irredeemable they could not be
regarded in the nature of a loan, and all the power the
company had was to be found in its general authority to
borrow money.
remark in the first
So our correspondent will see that the Court did not
place that our correspondent's strictures upon the action withdraw its sanction from the scheme, having never
of the courts, and his insinuations as to the motives that given it, and that therefore it did not " stultify its own
governed that action, are alike unwarranted. The judges action." But our correspondent further says that the
who have, in one form or another, had to pass upon this action of the Court in declaring the bonds illegal was
Reading matter, arc one and all absolutely above sus- uncalled for, which we infer to mean that as the plan
-picion.
On this side of the water no one has ever ques- seemed to offer an easy way out of the company's
tioned their motives or doubted that in their decisions diflBculties, the Court should not have interfered. There
they were unmoved by any consideration except a strict is no force in this argument. No matter how brilliant
regard for law and equity. Eveu ihi^ bitterest partisan tlie idea may have been io. itself, if the proposition was
•
In reply to the above
we wish
to
THE CHRONICLK
540
Dot within the authority the Legislature had granted the
company, why that was a fatal objection, and the sooner
this flaw in
all
it
concerned.
was discovered and
laid bare the better for
Even our correspondent
will
have
to
admit
relief
I
by
afforded
scrip,
payments
of
Vol. XXXII.
interest
was
$1,551,441, leaving an actual cash surplus of $364,797.
In the present year the relief on account of scrip will be
$1,257,365, or $294,076 less than in 1880, and provision
have to be made for the sinking funds, which Mr.
been detected now while the money is still intact, than later Gowen estimated at $837,442. Altogether, then, $1,131,518
on when nothing should remain of the money. The lock. more will have to be paid in cash in 1881 than in 1880.
that
it is
better that the illegality of the plan proposed has
will besides
The net earnings of the two companies for the first four
months of their fiscal year show an increase of $288,152
It may be, as our correspondent says, that all the sub- on the corresponding four months of the previous fiscal
"
year.
Assuming (merely for the sake of illustration) that
scribers were "willing to obliterate" the "single feature
on which the Court rested its objection to the scheme. It the same ratio of gain will hold good for the rest of the
would not, however, have been wise for the Court, even if year, the Reading will have net earnings about $850,000
This would fall almost $300,000
it had the authority, to have allowed such a change, as it above those for 1880.
could only have further complicated the afiair and involved below the additional payments required, so that instead of
ing up of the funds of the subscribers
it is
a necessary incident to the
the
company
work
is to
be deplored, but
of settling the dispute.
in endless disputes.
"We agree with our correspondent that we are not yet in
a position to play " ducks and drakes" with British capiFurthertal, and we will add that we never wish to be.
more, we also agree most heartily with him in thinking
that in the interest of our railway credit
it is
very desirable
a cash surplus on the year's operations, as in 1880, there
would be just about enough to make both ends meet. If
amount
shown on
the increase in the net earnings were less than the
taken ($850,000)
why
there
would be a
deficit
the year's accounts, and this even after the relief afforded
by the payment
ments
of $1,257,365 in scrip.
company's
As
the scrip pay-
burden wUl
Next year $628,683 more will have to be
Gowen, increase.
with whom our correspondent sides ? Who, indeed, were earned for this reason, and in 1883 the full $1,257,365
Our correspondent can
the prime movers against Mr. Gowen and his schemes ? additional will have to be met.
Certainly, Mr. Gowen has encountered very little oppo- judge for himself whether the line is vndouhtedly earning
If our correspondent more than enough to meet all its interest.
sition from American stockholders.
that a speedy settlement should be arrived
who
stands in the
way
But, pray,
at.
diminish,
the
interest
of an adjustment with Mr.
would blame any one he must blame his own countrymen
SALES OF NATIONAL BANK SHARES.
or, more especially, the McCalmonts, who at the late elecA well known provision of the National Banking Act
tion voted on over 200,000 shares, or pretty nearly onethird the entire capital of the company, and who have forbids associations formed under it to loan upon, purchase
fought Mr. Gowen with a determination equalled only by or acquire their own stock except to prevent loss upon a
Of course this provision
the stubbornness with which Mr, Gowen has resisted debt previously contracted.
makes wholly illegal any sale of shares to the bank such
them.
Now, we do not mean to say that the McCalmonts had a transaction can therefore be impeached, and in case of
not good ground for their action.
On the contrary, since insolvency a receiver can recover the purchase money from
they were and are of the firm belief that Mr. Gowen is the seller of the stock, and have him declared still to be a
an unsafe man at the head of the enterprise, no other shareholder.
This is a pretty severe experience for one who has
course would appear to have been open to them. Yet it is
beyond dispute that it is not the American courts, as our parted with his property, in ignorance of the law, when it
correspondent imagines, which are to be held respon- was valuable, but wakes up to a knowledge of the law when
sible for the legal webs that have been woven round the bank has failed and the stock is not only worthless but
Gowen and his schemes, but the action of the McCalmonts the owner liable, in its par value, for debts. A question
and their agents, who to protect, as they believed, their has, however, arisen, whether an innocent person that is,
interests, made use of the courts, as they had a perfect one not knowing and Laving no reason to suspect that a
bank was a purchaser can be proceeded against in this
right to do.
If he can be so proceeded against, and if a
It is not necessary, therefore, to suppose that railroad manner.
smashers and wreckers are at work. The objection of transaction of that kind can be inquired into and imthe McCalmonts to Mr. Gowen is to be found in the career peached, all freedom in dealing in bank shares would be
And yet a very plausible argument was made
of that gentleman for ten years as the executive head of destroyed.
the Reading corporation. During that time it has been in favor of that view, and a case has been in the courts
repeatedly shown that though possessed of great ability, ever since 1877 in which it was the sole point raised, and
capable of brilliant ideas and not lacking in daring reso- which has only recently been decided by the Supreme
lute and undeterred by even great obstacles
he does not Court at "Washington.
always recognize the full import of any particular policy
It seems that prior to May 16, 1877, a person named
or act, and is often led astray by the extreme hopefulness Laflin was owner of 85 shares of the National Bank of
of his nature.
We have great admiration for the man, Missouri. He was not a director, and had no personal
but, with the Messrs. McCalmonts, we doubt the wisdom knowledge of the actual condition of the bank's affairs.
of entrusting him any longer with the sole and undivided On the day narned he sold the shares to a broker, to
responsibility of managing this large concern.
whom he delivered his certificate with a blank transfer
One other point, and we have done with our corres- power indorsed upon it and signed, after the manner
pondent.
He says that the line is undoubtedly earning usual in making sales of stocks and he received payment
more than enough to meet all its interest charges. Let us of the price. He was not informed of the name of the
see.
According to the statement made by Mr. Gowen in ultimate purchaser the broker was, however, in fact actDecember last, November being estimated (we have seen ing for the president of the bank. The latter received
no later report) the net earnings of the Railroad and the the certificate the transfer power being still blank and
Coal & Iron Company in 1880 amounted to $8,785,586. gave to the broker his individual check for the price,
The total of the fixed charges interest, rentals, &c. was which was duly paid. He was, however, in reality acting
$9,972,230, showing a deficit of $1,186,644
but the for the bank and caused the transfer power to be filled
;
—
—
—
—
;
;
—
—
—
;
j
—
Mat
THE CHRONIOLK
31. 1881.J
with the name of the bank's book-keeper by
whom
anxiety and great uncertainty as to what the railroads
have really lost this year on account of the snow blockade
be stated and the other drawbacks of a very severe winter. The
stock was transferred to the president "as trustee
subsequent entries in the books, not necessary to
541
;"'
the
and
showed that the president held the stock as present return will remove the uncertainty as to this parand was reimbursed for the cost of it ticular corporation, but is likely to increase the desire of
out of bank funds.
In June following, the bank failed the public to obtain information about other companies.
and a receiver was appointed. This receiver, finding by Following is the statement.
in detail,
trustee of the bank,
the books that so recent a transfer of shares for the benefit
March,
of the bank had been made, without any necessity exist-
1881.
ing therefor to prevent loss upon a debt previously contracted,
The
brought
Gross earnings
Operating expenses.
annul the transaction.
suit to
1 to
March
1881.
31.
1880.
$1,418,149 $1,732,.5I8 $3,700,i)18 $1,577,128
732,863
744,319 2,170,749 2,120.982
Net earn Ings
argued that notwithstanding these
facts this transaction was wholly void that there was and
could be no transfer of the stock, for there was no one
receiver's counsel
Jan.
1880.
$005,286
$988,199 $1,584,160 $2,450,146
These figures embrace the accounts of the Burlington
& Missouri River Railroad in Nebraska in both years.
who could legally take it, and hence the title remained in They show that as compared with last year the company
the seller.
Furthermore, that the defendant being a lost $314,369 gross and $322,913 net in March, and $816,stockholder had constructive notice of the condition of the 210 gross and $865,977 net in the three months.
bank, and of the part taken by the bank in the transaction, presume there is no very material difference in mileage
;
We
between the two years. As far as we are al)le to gather
from the information at our command, the loss in net earnings on these lines for the three months in 1881 is thus
a
and that it could not therefore be a bona /rfe^sale. The
Court has now, however, sustained the sale, and declared
it
valid
and
The opinion by Justice Field
Bank shares is
sufficient.
greater than the gain in 1880 over 1879 on the
states that the transferability of National
little
not governed by different rules from those applicable to
other corporations.
The fact that he is a shareholder in
lines in the corresijonding time, including in the latter
same
year
Nebraska, which was
not then operated by the Burlington & Quincy.
In other
words, such has. been the severity of the weather this year
that the roads in the Burlington & Quincy system
have
not been able to earn as much in 1881 as in 1879.
the Burlington
the bank, or that a transfer power in blank is used, does
not render the seller chargeable with knowledge of facts
which may be known to the person whose name is ultimately written in the blank, or involve the seller in com-
As
with any fraudulent or improper purpose which
such person may entertain. The name with which
the
&
Missouri River in
our readers know, Iowa
is the section of country
most from the effects of the
adverse weather, and out of about 2,800 miles of road
blank may be ultimately filled does not affect the
prior
operated by the Burlington & Quincy 800 miles are in that
sale in any respect, but is a matter which
concerns only
State.
Nebraska, too, suffered severely from the same
the purchaser. As between seller and buyer the right
to
cause,
and
here the company has over 800 miles more.
the shares vests on delivery of certificate with blank
transAltogether,
therefore, the Burlington & Quincy had threefer power and payment of price.
Transfer on the books
fifths
of its entire mileage in territory where the conis needful not for passing the title, iut for
other purposes,
ditions were especially unfavorable.
such as enabling the bank to identify its
In view of this
plicity
that appears to have suffered
shareholders, protecting the seller against subsequent liability as
stockholder,
and the like. But as between the parties to a sale, delivery of the certificate with authority to the purchaser
or
any one he may name to make transfer on the
books, and
payment of price, are sufficient to constitute a sale of
corporate shares.
The whole
decision, therefore, rests
Laflin did not
upon the
transaction so far as he
the sale so far as
it
He
sold to the
completed the
was concerned.
affects
not
however,
surprising
in
that the
road should
have
Heavy
the loss
gross and net.
as
lost
is,
not so large proportionately as is the loss
on either the Burlington Cedar Rapids & Northern or the
Das Moines & Fort Dodge, the figures of which we gave
last week.
Both these latter lie in the same afflicted section.
shares to the bank, nor know that
they were bought in the interest of the bank,
nor receive
this
is
heavily both
fact that
sell his
payment from the funds of the bank.
broker and was paid by the broker, and
it
it
is
The percentage
on the Burlington
of loss in net for the three
& Quincy
months
35^ per cent; on the Burlington Cedar Rapids &' Northern it was 59 per cent, and
on the Des Moines & Fort Dodge 46 per cent. Of course
is
the last two are very diminutive concerns alongside
of a
the Burlington & Quincy; but
gigantic corporation like
The validity of
him can not, consequently, be they are useful
in question.
that some time afterward the
for illustration
and comparison on the point
made to depend on the fact
Inferentially, it might be supposed that other roads
name of a person was written in the blank
have
transfer power,
a very poor, if not an equally unfavorable showing
who was acquainted witli the facts rendering
to
the acqui-
make. But the inference is not warranted by the
by the bank unlawful. The validity of a
facts
sale and
that have thus far come to hand.
Its completeness
As regards the Southmust be determined by the open relation
ern, Southwestern, and even the Trunk lines,
of the parties at the time.
such a conclusion would be very decidedly at variance with
the
CniCAOO BURLINGTON & QUINCY EARNINGS. figures we presented last week. These figures showed,
that the Pennsylvania and the Northern Central
actually
Since the publication last week
of our monthly state- had larger
net earnings this year than last, and that the
ment of earnings, we have received
an abstract of the St. Louis Iron Mountain
& Southern and the Louisville &
earnmgs and expenses of the Chicago
Burlington & Quincy Nashville fair representatives
probably of the sections
for March and for
the first quarter of the year.
The they traverse— fell but little behind. It follows that with
sition
—
figures will be found to
be extremely interesting.
IS
There reference at least to roads situated as these were
during
no other corporation of equal
magnitude that pub- the winter months, there is little
basis for apprehensions
of
lishes
even occasionally a statement of
the net results of its
current business-that is,
furnishes earnings and expenses
conjointly.
The exhibit is especially welcome
because
tuere is
the public mind at the present
time much
very discouraging exhibits. To be sure, if our information were more extended, no doubt w
ould remain about
the matter
still it is not probable that we will err greatly
m
;
i
if
we assume
that
in
general the
roads
not lying, in
—
.
.
.
:
:
THE CHRONICLE.
642
[Vol. XXXII.
and very little is encountered if company promoters advance
whole or in part, within the stormy district, have done no
The ultimate result of the present
plausible arguments.
roads
other
few
or
than
a
cited
worse than those already
demand for new loans and the shares of new companies is perin the same sections, given last week.
haps dlfiScult to foresee, but there seems to be no doubt of the
Even in the case of roads occupying to a certain extent fact, judging chiefly from the easy condition of the money
the ?ame territory as the Burlington & Quincy, it would market, that although the new company business has been very
active during the last six months, the movement is still only in
a ppear likely that we will be on the safe side if we calculate
its infancy.
upon their having sustained a much smaller diminution in
Notwithstanding the past week has embraced the "fourth,"
net receipts, both relatively and absolutely, than it. "We business in the discount market has, as we have stated, been
have already remarked upon the smaller percentage of extremely quiet, and the rate for three months' biUs is not
decrease on the Burlington & Quincy than on the Burling- more than 2 to 2}^ per cent; short loans on the best security
Cedar Rapids & Northern. This illustrates the correct- •are obtainable at 1^ to \% per cent per annum. Annexed are
I
ton
the rates of discount for
ness of the opinion, frequently expressed in these columns
of
that the net loss on any one road
late,
is
to
be reckoned
Bank
'
not as
if
there had been a
loss
upon every part
of the line^
but on the basis of the proportion of its total mileage
which that road operated within the stormy section. Thus
as the Chicago & Northwestern (taking that road as an
example) lost in the first quarter of the year only §265,372
in gross earnings, or about 7 per cent, while the Burling-
ton
&
Quincy
the
lost in
nearly 18 per cent,
we
same time $816,210, or pretty
are led to
the conclusion that as
respects net earnings too has the former suffered a
smaller falling
latter.
off
both
much
and amount than the
might be extended to other roads-
in percentage
And so the parallel
having various periods to run
Percent.
Open market rates—
I%a2
2is
4 months' bank bills
bills
Per
cent.
rate
Opeu-market rates
30 and 60 da vs' bills
3 months' bills
1 ^i'Si'i
6 montlis' bank bills
4 c& 6 mouths' trade biUs. 2'2®3
2a2J8
2S2is
The following are the rates of interest allowed
stock banks and discount houses for deposits:
On-
Rate.
Time.
Amsterdam
3 raos. 12-4
Short. 12II3
Ant\vi-rp
3mos. 25-55
"
20-65
Huniliurg ...
"
20-65
BerUn
**
20-65
Frankfort...
*'
18-40
Copenhagen.
*i
24
St.Peters'bg.
<'
11-90
Vienna
.
Amsterf'am
«
Cadiz
Genoa
'<
Lisbon
York...
Alexandria..
**
ai2-4'4 May
al2-2ia
May
@25-62i2 May
..
..
Calcutta
Hong Kong..
60 days
®20-67
S20-67
® 18-45
®23''8
® 11-9.5
4758®473a
®26-20
52>4a52i6
26-15
Is. 734d.
Is. 73id.
....
Shanghai
Paris
Paris
Madrid
Short.
25-22iaS25-32i2
3mos. 23-50 ®25-52i2
"
4/5884738
From our own
^""«Short.
Short.
Bate.
12-15
May
6 Short.
May
6 3mos.
25-45
May
May
May
May
May
May
May
siiort.
4-84%
3mos.
4mos.
Short.
correspondent.
}J3
with 7 or 14 days' notice of withdrawal
do
1
%
Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of consols, the average quotation for Eoglish wheat, the price of
middling upland cotton, of No. 40 mule twist, fair second
quaUty, and the Bankers' Clearing House return, compared
vrith the
three previous years.
1878.
1879.
18S0.
£
£
£
26.927,065
bank iKist bills
6,454,032
Public deposits
24.754,827
Other deposits
Goverum't securities. 15,689,359
18,317,119
Other secm-ities
Res've of notes & coin. 15,079,444
Coin and bullion In
both departments .. 26,256,509
Proportion of assets
47-97
to liabilities
£
27,630,060
6,789,635
26,024,374
15,962,730
19,419,938
15,338,772
29,433,430
6,977,579
30,401,698
14,906,801
21,233,785
19,211,571
28,101,315
7,085,313
20,951,069
27,988,832
33,678,001
23,054,679
46-36
3 p. c.
51-05
2 p. c.
3512
15,.556,488
20,481,698
9,953,164
3 p. c.
212 p. c.
rate
95
98%
101=8
99%
Consols
528.
Id.
9d.
408.
45s. 9d.
448. 9d.
Eng. wheat, av. price.
6i8d.
515l6d.
638d.
oiSiijd.
Mid. Upland cotton.
7i8d.
63i6d.
60ind.
lOd.
.._.
No. 40 Mule twist..
Clear'g-house return. 141,371,000 149,127,000 96,518,000 93,893,000
Bank
.
25-2712
20-50
20-50
20-50
May
May
May
•a20'67
New
Bombay
_.
Per cent.
.--
1881.
Latest
Date.
joint-
Ij3
Joint-stock banks
Discount houses at call
Circulation, including
EATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
6.
EXCHANGE 02f LONDON.
LOXDOX—Mmj
MXOBANOE AT
by the
117-70
97I4
Is. 8d.
Is. 713,8d.
3s. 9i8d.
5s. I'sd.
2S-24ifl
The imports of gold during the week have been small, but in
the absence of an export inquiry the whole has been sent into
the Bank. The silver market has been dull at lower prices, and
Mexican dollars are also rather cheaper. India Council bills
were disposed of on Wednesday at Is. 7Md. the rupee. The
following prices of bullion are from Messrs. Pixley
Bargold,
OOU).
per
line
«•
standard.
standard.
peroz.
peroz.
none here
oz.
per oz.
Bar gold, containing 20 dwts. silve;
Sp.inish doubloons
South American doubloons
United States gold coin
per
oz.,
Abell's
Mexican dollars
Chilian dollars
Quicksilver,
51'4
52i8
33''8
Sl^s
peroz
£0
75
d.
per oz. standard.
peroz. standard.
peroz.
peroz.
Cakesilver
......
®
®
SILVER.
Bar silver, fine
Bar silver,contain'g 5 grs.gold
* "
<i.
77 9 s
77 lOHi®
74
®
73 9 ®
peroz
German gold coin
I
London, Saturday, May 7, 1881.
The money market has continued in an easy condition. The
trade demand for accommodation is still upon a very moderate
scale, and consequently, although some heavy instalments upon
loans and public companies have been met, the demand for
money has been greatly wanting in animation, and the rate of
discount for three months' bills is only 2 per cent. The Treasury bills have been sold at a price which is equivalent to a discount rate of IM per cent per annum, and there is not at
present much to bring forward in favor of dearer money. The
commitments of the general public in connection with new loans
and public companies fail to exercise any perceptible influence,
and as the New York exchange has become more favorable to
this country, aa easy money market is looked forward to during
the summer months. This fact, and the absence of any disturbing political rumors, more especially as far as colonial and
foreign countries are concerned, promote confidence; but they
fail to exercise any beneficial influence upon trade.
The Stock
Exchange has, however, been favorably affected, and consols
have reached an unusually high point. It is constantly repeated
that money is comparatively scarce, and that the low rates of
discount are due to the fact that the" requirements of the pubhc
in the way of loans are upon a very restricted scale. It is evident, however, that there is a large supply of money seeking
investment, for not only has a fair proportion of the public
oompanies which have been introduced to public notice of late
been taken up, but any loan for colonial or municipal purposes
has been very extensively applied for. No difficulty is experienced in obtaining money for purposes perfectly legitimate.
&
circular:
(I.
—
®
®
®
®
®
....
Discoimt, 3 per cent.
lOs. Od.
business has been far from activei
but the tendency has been favorable. Consols are now 102M to
102% for money, and 102% to 102^ for account. American
railroad bonds have been in demand, and the quotations have,
On the Stock Exchange
with but few exceptions, improved.
The following are the current rates of discount at the principal foreign centres
Open
Sank
Open
Bank
rate.
Pr.
ct.
3%
Amsterdam
. .
..
3
3I3
Pr. ct.
31a
2%
3
Genoa
4
4
Beriin
4
3
3
Frankfort
Hamburg
Vienna
.'.'
"4
rate.
in'irket.
2''8
Pr.et.
St.
Petersburg.
Geneva
.
market,
Pr.
6
6
41a
4
Madrid, Cadiz &
4
Barcelona ..
Lisbon & Oport 0.
5
Copenhagen... ..3i3a4
6
Calcutta
cl.
5
n
3>a
3ifl
Tenders were received at the Bank of England on Thursday
for £1,476,000 in Treasury bills. The whole was allotted in
three months' paper, tenders at £99 lis. 3d. receiving in full^
being equivalent to a discount rate of 1% per cent per annum.
The Pennsylvania Railroad Company, through Messrs. Louis
Cohen & Sons, announce an issue of |10,000,000 first mortgage
4}^ per cent gold bonds, at the price of £208 per $1,000 bond.
£10 per bond is payable on application, and the last instalment on the 6th of October next. The principal and interest
are payable in New York in gold, free of all State and Federal
charges.
:
May
:
THE CHRONICLE.
21, 1881.1
A
meeting has been held this week of the Iron and Steel
and in the address of the President the following
statistics were given showing the recent development of the
Institute,
coal
and iron trades
PBODUCTION OF PIO IROJf IV THE PnlNCrPAL IROK-MAKDJQ COCSTIUES
OF THE WOKLD IS 1809 AMD 1880.
1809.
1880.
Countries.
Tuns.
Tons.
Great Britain
United States
5,445,757
1,916,641
1,180,579
1,018,S»9
534,319
7,721,833
4,295,414
1,950,000
1,733,103
GormaDV
Franco
Belgium
10,090,195
Totals
Increase.
Tons.
2,276,076
2,378,773
769,421
714,203
75,081
610,000
1880-1.
Coiinlries.
Great Britain
Uniteil States
Germany
France
Austria
Belglnm
Russia
Spain
Totals
upon the British
1877-8.
39,198,802
0,082,146
1879-80.
41.731,108
7,141,325
1878-9.
33.093,942
0,018,263
....22.348,100
18,741,700
33,242,000
26,090,100
69,787,784
07,614,133
72,274,205
71.371,138
Imports of wheat. cwt. 33,439,805
ImiHjrts of flour
8,009,789
Sales of home-grown
Total
Deduct
exports
wheat and flour
ol
932,022
1,005,315
1.289,599
1.370,981
Result............. 68,955,702
Av'pe price of English
wheat
Niei
for season (qr.) 42s. lOd,
Visible sumily of wheat
iu the
S.... bush.19, 800,000
66,608,788
79,984,006
70,0OO,15T
46s. lid.
a
40s.
52s. 8d.
5<1.
22,183,237
6,214,154
16,310,349
The following return shows the extent of the imports of
and the exports from, the United Kingdom
PRODUCTIOS OF COAL IHROPOIIOLT THE WORLD IN 1869 AND 1880.
1880.
Tons.
147,000.000
39,493,317
63,500.(KI0
3.J,IOO,000
588.000
550,000
42,161.000
18,857,000
6,000.000
14,000.000
2,200,000
750,000
15,387,000
5.348,000
1,900,000
1.057.000
1,612,000
200,000
194,070,083
294,408,000
100,397,317
1869.
Tons.
107,.506.683
28,100.000
26,774,000
13,509.000
4.100.000
12,943,000
;
643
quantities of wheat and flour have been placed
markets since harvest.
produce
B
Incre{tse.
Tons.
The consumption of spirits in this country and in the world
has assumed very large proportions, though of late years, and
certainly as far as this country is concerned, there has been a
decided falling off, owing to diminished earnings on the part
of the working classes, and to the temperance movements, which
have effected a vast amount of good. At the same time, however, there is still a large consumption, and it is not new to be
reminded of the fact that consumption of certain spirits is
greater than the production. Spirits are now extracted from
many commodities, and are converted into the marketable
article according to the state of the demand.
There is never
any failure of a supply of Cognac, Irish or Scotch whisky, or
gin; but as science has materially assisted the vendor, a large
proportion of consumers is easily satisfied with the commodity
it buys.
On this subject, but in connection with brandy, a
firm in the spirit trade has addressed a letter to the Times, of
which the following is an extract:
"We
venture to call attention to the remarkably small quantity of
Tviue spirit (('. e., Keuuino bniudy,) of late years produced in France;
the total yield tor the year 1 880 is 48.000 hectolitres, equal to 1 ,056,000
EuglisU gallons. This small production is in a great measure due to the
still unchecked ravages of tlio phylloxera.
" France in 1880 distilled spirit, produced from beet, 9,500,000 English
Kallons; farinaceous substances, 9,000,000 gallons; molasses, 15.000,000 gallons and imported from Germany potato spirit, 2.700,000 gallons. TotiU— 30,200,000 English gallons, or about 35 times as much
spirit as brandy j'et, in spite of the small quantity of wine spirit distilled, France was in 1880 able to export some 6,000,000 gallons of
cereal produce into,
during the first thirty -six weeks of the season, compared with
the corresponding period in the three previotis seasons
1879-80.
1878-79.
1877-78.
41.731,108 33,013,942 39,108,89210,988,054
8,145,125
9,852,304
0,170,9:«!
9,094,390
7,135,627
7,678.358
1,548,029
1,447,442
1,082,321
1.218,234
1,579,453
1.723.446
847,000
2.422.283
22,565,722 18,270,899 21,650,999 21,920.579
7,141,325
6,018,203
6,082,146
8,999,739
1880-81.
owt. 38,439, 895
9,209, 100
Wheat
Barley
Oats
Peas
Beans
rndian
Flour
com
Wheat
841,399
44,032
514.562
03,403
26.564
cwt.
.'
B.arley
Oats
Peas
Beans
Indian
Flom-
com
892,803
20.905
77.480
85.605
32.304
381.349
112,453
188..578
90,023
1,321,817
39,748
1,193,906
91,625
64,476
12,978
9,971
51,509
16,035
16,752
171.968
49,104
302,605
95,693
Enslisb market Keports— Per Cable.
daily closing quotations for securities, &c., at London,
and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending May 20:
The
London.
Silver,
peroz
S.
4ias of 1891
common
102:>i«
fr.
!
IO513
5214
stock
145
6833
Philadelphia & Reiiding. 29>4
I53I4
Now York Central
Pennsylvania
Tues.
VTed.
519,8
1025s
Sl^ia
1027,8
102»,« 102%
86-0713 86-20
105% 105% 106
XII7I3 117H!
117%
I2OI3
120
120
51i59
5139
52
I44I3 146
145%
68I3
68!%
683t
30
31
SOHj
li53?4
I5314
I.5313
519ifl
m-2n\
120
121
U.S. 4s of 1907
Erie,
Si's
102iie
d.
Consols for money
Consols for accoimt
Fr'ch rentes (in Paris)
U.S. 58 of 1881
U.
Hon.
,?««.
1025,8
1020,6
86-23
Thurs.
FH.
51i59
5138
102918
1029,6
10211,
80-2712
10638
11738
102%
8007l»
106%
117%
30
I2014
5lia
14513
68I2
3013
I5414
155ifl
120
51 14
145%
6838
;
Liverpool.
Sat.
3Ion.
Wed.
Tues.
Thurs.
FH.
;
brandy.
" Xow, in order to do this. Franca must have either been providing
for recent denciencies in her brandy vintages by using up accumulated
stocks or past productive years, or she must have been shipping as
brandy a beverage largely adulterated with beet, maizo or potato spirit.
" Which of these two theories is the more worthy of acceptance we
leave to your reailers to decide when thev learn that since the vintage
of 1878 no genuine brandies of the 1879 or 1880 vint.age coidd 1>e
Obtained or quotcil bv the leading Cognac shippers, who have oe.'jsed to
take orders for bulk brandy, while less scrupulous firms have been
exporting as brandy a mixture of flavored spirit and the iuferior growths
of genuine brandy.
"Till quite moilern times only genuine brandy w.as imported from
Charente (the port of the Cognac district), but imw the well-earned reputation of this particular area in France Is utilized to give a Uctitious
•hall mark' to a liquid which is in no way entitled to the name of Cognac
°
s.
Flour (ex. State). 100 lb. 12
"
Wheat, No. 1, wh.
9
d.
s.
d.
s.
d.
s.
d.
s.
3
12
9
9
3
12
9
9
3
12
9
3
3
2
13
9
9
5
2
4
Spring, No. 2...
Winter, We8t.,n.
"
9
4
"
9
"
9
9
5
white
2
9
Cal.
4111a 411
Pork, West. mess. .^ bbl. 72
72
42 6
Baeon, long clear, cwt.. 13
Com, mix.,W.uew
*'
Beef, pr. mess, new.^to. 83
Lard, prime West. ^ cwt. 54
Cheese. Am, choice, new
6
brandy."
A
moderate quantity of rain has fallen during the week, but
the weather has now become bright and clear, and there seems
to be some prospect of a period of drought. Remarkably little
rain has fallen during the last six weeks, and the result has
been that the pastures are very bare, though they have somewhat improved of late. The weather is favorable for the wheat
crop, as the plant is, in most localities, well rooted but should
the weather continue dry, the prospect as regards spring corn,
roots and grass will be far from encouraging. There has been
a liberal importation of wheat and flour during the week, and
the trade has in consequence been dull, at a decline in prices of
about Is. per quarter.
During the week ended April 30 the sales of home-grown
wheat in the 150 principal markets of England and Wales
;
reckoning the supplies of produce furnished ex-granary at
the
of the sea.son, it is estimated that the following
83
53
66
6
3
3
9 5
9 2
4 111a
72
42
83
54
66
9
9
9
d.
12 3
9 3
2
9 3
9 5
9 6
9 2
9 2
4 11i» 4 111a
5
2
3
3
4III2
73
72
43 6 43
33
55
65
s.
83
55
63
72
43
S3
3
.35
3
63
—
National B.\nks Orqanized. The following-named national
banks were organized this week
2,524—The German National B.ink of Clnclnmatl, Ohio. Authorized
capital, $250,000; paid-in capital, $250,000. Andrew Pflrr:
man. President George H. Bolirer, Cashier.
2,525— The Third National Bank of Pittsfleld, Mass. Authorized capital,
«125,000; paid-in caplt.al, $125,000. Henry W. Taft. President Ralph B. Bardwell, Cashier,
2,526—The National Bank of Kennett Square, Pa. Authorized capital,
$60,000 paid-in capital, $40,000. John Marshall, President
U. Duir Philips, Cashier.
;
;
;
—
Imports and Exports for thb Week. The imports of last.
week, compared with those of the preceding week, show
an increase in dry goods and a decrease in general merchandise.
The total imports were $7,402,387, against 110,605,789 the preceding week and $11,638,245 two weeks previous. The exports
for the week ended May 17 amounted to $6,014,041, against
$7,123,664 last week and $6,911,596 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) May 12 and for the week ending (for general
merchandise) May 13; also totals since January 1:
FOREIGU IMPORTS AT NEW YORK.
amounted to 29,917 quarters, against 26,753 quarters last year,
and 58,937 quarters in 1879; while it is computed that in ths
whole kingdom they were 119,700 quarters, against 107,100
quarters in the previous year, and 235,750 quarters in 1879.
For Week.
Since harvest the sales in the 150 principal markets have
been
1,289,314 quarters, against 1,071,202 quarters last season and Dry C4ood8
Gen'lmer'dlse..
1,917,801 quarters in 1878-9; the estimate for the whole kingdom
Total
being 5,157,300 quarters, against 4,325,020 quarters and 7,671,Since Jan. 1.
200 quarters in the two previous seasons respectively. Without Dry Goods
commencement
4
4
d.
Gen'lmer'dlse..
Total
1878.
$850,060
3,081,746
1879.
$1,368,753
4,278,713
1880.
$1,937,619
7,512,836
1881.
$1,402,217
6,000,170
$3,931,806
$5,647,460
$9,480,455
$7,402,387
$33,935,310
78.796,827
$36,913,408
83,934,494
$53,915,701
144,031,002
$44,533,825
115,237,947
$112.732. 137 $120,847,902 $197,946,763 .$159,771,772
—
In our report of the dry goods trade will be found the imports
of dry goods for one weeklater.
The following ia a statement of the exports (eiclusive of
specie) from the port of New York to foreign ports for the
week ending May 17, and from January 1 to date:
KXPORTR FROM NKW YORK FOR THB WKKK.
1878.
For the week...
Prev. reported..
Total 8*06 Jan.
1
1879.
«7,009.472
120,032,593
1881.
1830.
$5,097,932
115,420,303
$9,171,858
130,534,856
$0,014,041
141,883,320
ii.l33.702.070l*121, 124.235 *139,700.714 *147,8n7,3Gl
The following
table shows the exports and imports of specie
at the port of New York for the week ending May 14 and since
January 1, 1881:
EXPORTS AND IMPORTS OV
SPF.CIE
AT
NEW
.
Exports.
1
Since Jan. 1
5,500
135.810
25,100
$20,020,221
2,039,041
4,092,535
222,:23
141,887
193,527
1,180
100,076
$7,500
6,385
10,024
$109,170
$204,612 $28,013,010
1,570,108
2 19,070
Great Britain
Franco
$4,260
Germany
2,000
2,000
•2,000
West Indies
Mexico
Soutli America
All other countries.
Total 1881.
Total 18 30.
Total 1879.
Week.
25,400
160,847
11,119
3,250
11,879
1.240,384
578,144
Silver.
$224,300
Great Britain
Franco
Germany
West Indies
Mexico
South America
$4,128,275
20,050
111,157
10,204
24.337
18,440
All other countries.
5,716
24,592
660
2,200
$101,253
285
60,389
290,792
090,150
62,472
3,950
$224,300 $4,318,469
$33,168 $1,221,297
900
1,831,323
118,918
2,072,7^3
3,S83,9B0
583.641
7,489,284
81,917
Of the above imports for the week in 1881, $9,450 were
American gold coin and $7,91(5 American silver coin. Of the
exports for the same time, $7,500 were American gold coin.
Total 1881.
Total 1880.
Total 1879.
Chicago Burlington & (Juincy.— The statement of this
company now includes the Builicgton & Missouri River Railroad Company in Nebraska, both this year and last. The gross
and net earnings for March and for the first quarter of the
year have just been obtained, and the exhibit is most interesting, as being the first of the great Western lines of railroad
from which we have yet had a statement of net earnings during
XXXIL
&
Ohio
—Elizabethtown
LEXiNOToy
Sandy.—The bonds
&
Bia
of these connecting railroads are sold by
Messrs. Fisk & Hatch bankers, No. 5 Nassau Street. In the
Chronicle of last week, page 528, reference was made to the
bonds of the Chesapeake & Ohio Road, and since then the price
of the purchase money funding bonds has been advanced to
115 and accrued interest. The price of the bonds series A is
105 and interest. The interest on the series B bonds of $15,000,000, and the second mortgage currency sixes, is payable
partly in preferred stocks and partly in cash. Below is given
the interest payable on these in money and stock for successive
fiscal years, counting the November coupon as belonging to the
fiscal year ending a month earlier, as it must be paid from the
profits of that year
:
'
In
Imports.
Since Jan.
Week,
Chesapeake
.
[Vol.
YORK.
aoid.
first
—
THE CHUONIOLE.
514
the
.
I
1880-81
1881-82
1882-83
1883-84
1884-85
1885-80
1880-87
Ist mart.
1st pre/,
stock.
cries
B—
In
$900,000
$
450.000
600,000
900.000
900,000
900,000
900.000
4.n0,000
300,000
.
Id mart.
cur. Gs
$007,350
007,350
607,350
007,350
404,900
202,450
—
In
"'Zr'-
cash.
cash.
$
202,450
404,900
607,350
The aggregate of the interest on the prior bonds now outstanding is about $261,000, and by adding this to the cash
payments of any year, we may find the total burden of interest
charges for that year. It will be but $261,000 for the current year, but the following year will be $450,000 more, and
thereafter the additions will be according to the table above.
Bat it is to be remembered that the second mortgage currency
sixes are income bonds and the payment of interest in cash
never becomes obligatory. The net earnings of the oompany
in 1879-80 were $799,609, including $230,320 put on extraordinary expenses.
The Elizabethtown Lexington & Big Sandy Railroad (Eastern
Division) first mortgage 6 per cent sinking fund gold bonds are
also oflfered by Messrs. Fisk & Hatch, at 102)^ and interest. The
mortgage is for $3,500,000, due 1902. The mileage will be as
follows: Lexington to Mount Sterling, owned, 33'6; Mount
Sterling to Straitsville, owned, 66
Straitsville to Ashland,
leased, 20; Ashland to Big Sandy Bridge, owned, 8; Big Sandy
Bridge to Huntington, leased, 7'5. Total, 135'1
The route of the road is from Lexington, Ky., to Huntington,
W. Va., through the rich blue grass region of Kentucky, being
the neck of the Chesapeake & Ohio route, and thus the most
important link in that whole vast system which is to-day extending itself to the Far West, Northwest, and particularly the
Southwest, via the Paducah & Elizabethtown and the Paducah
—
;
& Memphis
railroads.
The road only needs net receipts of $210,000 to pay the interest on its bonds.
We look for more than that return from the
local traffic alone.
The necessary funds for the completion of
this road are assured, and work is rapidly progressing from
Xet
From
Expenses. Harninf/s. Mount Sterling eastward and from Ashland westward.
$/52,802 $665,280 Mount Sterling to Lexington, and from Huntington to Ashland,
'•
quarter of 1881.
Orosa
Earnings
iincludinff
Freight
Mail and
rass'f/er
carninfis. earniuf/s. Misc^nouft.)
Month.
March, 1881.. $230,594 $1,113,005 $1,418,149
March, 1880... 300,183 1,358,875 1,733,517
.
744,319
988,198
8,543
Increase
Decrease
69,589
240,209
314,308
For three Mos.
Jan. 1 te Mar.
31, 1881
$671,462 $2,913,568 $3,760,918
Jan. 1 to Mar.
822,346 3,583,918 4,577,128
31,1880
—
322;912
the road
is in
active operation, trains running daily."
— Messrs. Kuhn, Loeb & Co., of New York, have placed on the
market a $5,000,000 lean of the Chicago Milwaukee & St. Paul
Railway Co. in the shape of five per cent 40-year gold bonds,
due 1921, and secured by a first mortgage upon the Chicago &
2,126,982 2,450,145
Pacific Western Division of the system of the company. The
49,760
Decrease. !!!'.'.' 147,'88"3'
........
865,976 interest is payable semi-annually in gold coin on the first days
676,S5o'
8i6,'2ld
Rochester & Pittsburg. The stockholders of the Rochester of January and July. These bonds are issued for the purpose
& Pittsburg Railroad Company have voted to increase the of making important additions to the various lines of the comcapital stock from $3,000,000 to $4,000,000. The additional pany, more especially the Southwestern portion of the system,
$1,000,000 has been all taken by the stockholders at 25 cents on and are emitted at the rate of $20,000 per mile of completed and
the dollar. The company have four engineering corps at work equipped road and for bridges and rolling stock. The comon the line between Rochester and Pittsburg, via Bradford, and pany has paid seven per cent on its preferred stock, and for
expect to have it finished by January 1, 1882. This will give 1880 paid seven per cent on its common stock. The net earnings
the New York Central Railroad a direct line to Pittsburg JY. Y. last year were $5,343,692, and. after paying all fixed charges and
seven per cent on both classes of stocks, had a balance of
Times.
The bonds are now offered at 100 ind accrued interest,
South Carolina Railroad. The decree of sale of the South $802,995.
subject to an advance in price and to closing of subscription
Carolina Railroad has been put in shape, and the road will be
witaout notice.
advertised at once. Nearly all the securities have been turned
in to the Farmers' Loan & Trust Company, with the assent to
,176,749 $1,584,169
—
—
—
BANKING AND FINANCIAL.
the reorganization plan.
Louis Repithlican says " A
special meeting of the stockholders of the Texas & St. Louis
Company ""j^ he held at Tyler, Tex., on July 27, to vote upon
the proposiuon to increase the capital stock of the company to
$12,000,000. A majority of the shareholders at the annual
meeting were in favor of this prcpobition, but under the law it
is required that a special meeting shall be held for this purpose, and it seems to be a foregone conclusion that the stock
will be increased to the amount stated."
Western Union Telegraph.— It is announced that an agreement has been made for the lease for ninety-nine years of the
lines of the Northwestern Telegraph Company to the Western
Union Telegraph Company. The stockholders have yet to
ratify the action of the directors in the cases of both companies,
but there is little doubt of their appro .al.
—Mr. James D. Porter, President of the Nashville Chattanooga & St. Louis Railway, invites jJroposals for $1,000,000 6
per cent second mortgage'bonds, due 1901. The total bonded
debt of the road is $8,502,000, and the net earnings for the fiscal
year 1879-80 amounted to $865,145. The gross earnings for the
first ten months of the current fiscal year show an increase
over corresponding period of last year of $100,285. Proposals
will be received by Mr. Porter, at the office of the Louisville &
Nashville RR. Co., No. 52 Wall Street.
Texas
&
St.
Louis.— The
St.
:
riilww.
chesvpeake: & ohio
The
price ol the
"PURCHASE MOXEY FUNDING"
bonds o(
this
Road
is
advanced
to-d.iy
to
115 and accrued interest
Of the "SERIES
less
A BONDS"
than $300,000 remain unsold.
Price 105 and accrued interest.
Full particulars of the above at our
office.
FISK & HATCH,
No. 5 Nassau Street,
New
York.
.
May
—
.
:
:
:
THE CHKONICLE.
21, 1881.1
Quotations for foreign exchange are as follovm:
glxe jankers' C!5a«ette.
May 20.
DIVIDBNDSt
Tile followlas! dlvlrtondg
Railroads.
Danbtiry
&
Norwiilk
((juar.)
rer
When
cent.
Payable.
lU
June
1
Bitty Dayi.
Prime bankers' sterling blllii on London. 4 83%34 84i9
4 82>33>4 83
Prime coinnicrcial
Documentary couimercial
4 82 ®4 82>3
have reoentlv been aunoiiuced
Xante of Company.
645
Bookt Closed,
(Days itielunlve.)
May 26
Paris (francs)
» 40 14
Demand.
4 85%«4 86>3
4 84>334 85
4 81
a>4 8i>a
5 1U3g351S>e
Frankfort (rclclmiarks)
94^9
04«s
40>«a 40>fl
94^89 9a>e
Bremen
943a3
94>>s
94'',)»
40
Amstcribim (KUlldors)
(rclclmiarks)
to
e.'m
—
United States Bonds. The business of tlie week haM been
June
$1
enormoas. The unsettling of all the fives and sixes of 1881 has
*7 40 May
led to a great deal of shifting among the holders of those ix^nds,
1
Kentucky Central, coin
and the banks are changing off one sort and taking another
3
Do
prol
1
whenever they can make a little profit by the transaction.
Juue
Northei-n (N. 11./
$3
inisciillaneous.
Private inve.stors and holders of trust funds are looking now to
1 June 12 t« July 1
$2 50 July
Anicricau Express
the 4 per cents, and in spite of their unprecedented nnces, and
the low rate of interest which they yield, the demantil for these
FRIDAY, MAY 30, 18S1-5 P. M.
The Money Market and Financial Situation.— Another bonds is verv heavy, and to-day they close at 117^. The 3^
great impetus ha.s been given to the markets by Secretary per cents (Windoms) are quoted at 10354, carrying no interest till
Windom's 5 per cent circular of last week. He put it very adroitiy July 1.
The closing crices at the New York Board have been as follows
in stating that some $75,000,000 of the registered bonds would
be reserved to be paid off from the surplus revenues of tlie GovMay May May May May
Interest May
ernment, and the result has been tliat the holders of the regis16.
Periods.
14.
17.
18.
19.
20.
tered 5 per cents have hastened to send their orders to Washreg. J. A J. 10538 lOS^ 10.-, 39 105\ IO6I4 •10638
ington, to have their bonds extended at 3/^ per cent. The final 68, 1881
106 >a
coup. J. A J. -lOJ"* '105 >4 •IO514 '105'4 •106
period far the extension of the sixes ended to-day, and it is esti- 88, 1881
103=8 •103 Hi *103»a 103^ 104 '4 10414
reg. ( .-Feb.
.58, 1881
mated that not over ten or iifteen millions of these bonds will 5e, 1881
IO414 10438
coup. ( .-Feb. 1O308 I03<>8 loss's 104
Del. & Bound Brook (niiar.)
Iowa Falln & Sioux Uiiy (qiiar.)
Kau8ii8 City St. L. & Cbic. com..
II3
May
.
remain
to be
16 .May 15 to
I May 15 to
20 May 8 to
paid in cash.
The week has not been one
of extraordinary activity in speculative stocks, but additional moves have been made on the railchess-board
road
which are entitled to rank among; the firstcla.S8 operatioiLS.
Col. Cole and his syndicate have bought up
the East Tennessee Virginia & Georgia, the Memphis & Charleston, the Selma Rome&Dalton, and other roais, and purpose
forming another grand combination in the South. The dispatches from Parsons, Kansas, indicate that the stockholders of the
Missouri Kansas & Texas Company ratified the lease of that
road to the Missouri Pacific, and voted to increase the capital
stock $47,000,000 for extending into Mexico. From Chicago
comes the report, with semblance of authority, that the Chicago
& Rock Island is about to build a branch away northward to an
intersection with the Northern Pacific, which may account for
the recent talk of a new issue of its stock at par. The Northern
Pacific difliculty has been settled and the suits discontinued, so
that the Oregon Railway & Navigation Company will now
probably control the Northern Pacific, or the two w'ill work in
harmony the $49,000,000 common stock can now be issued, and
at the price of 45 it will represent to the holders just $22,050,000
of money made without cost to them, and this negatives very
decidedly the old maxim in philosophy ex nihilo nihil fit.
While thoughtful men see these combinations and railroad
negotiations entered into on a scale of gigantic proportions, and
the stocks and income bonds of railroads yet unborn sold by the
millions in our markets, they cannot avoid the reflection that
we are moving very fast. It is not necessary to be a croaker as
to the future, and no one desires to be considered a prophet of
evil, but it is not out of place for conservative bankers and stockbrokers to Suggest to their customers that in purchasing thase
light, non-dividend paying stoclcs and bonds at present prices,
they should only use funds which they could afford to lose without being seriously crippled. For small iuve.stors, holders of
trust funds, or any parties strictly dependent on their income
from securities, to take their money and put it into these fancy
stocks or income bonds should be considered nothing less than
foolhardiness.
The money market is very easy, and while Government bond
dealers usually pay 2 per cent for call loans, the stock borrowers
have paid 2>6@4 per cent. Time loans on collateral are quoted
at 2@3 per cent, and prime commercial paper of two to four
—
months
at
3^@4>^ per
cent.
The Bank of England statement on Thursday showed a decrease
for the week of f 384,000 in specie, and the reserve was down to
45)^ per cent of liabilities, against 48^ per cent last week; the
discount rate remains at 2J^ jier cent. The Bank of France showed
an increase of 9,175,000 francs gold and SS?..^© francs silver.
The la-st statement of the New York City Clearing-House
banks, Lssued May 14, showed an increase in the surplus above
legal reserve of .•^1,704,575, the total surplus being §14,817,200,
against $13,112,625 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years
1881.
May
14.
Differ'nees fr'm
previous week.
1880.
May
15.
1879.
May
17.
reg. t.-Mar.
coup.
56,278.000
Circulation...
Net deposits
legal tenders.
70,837,700
18.596.900
316,818,400
17,134,100
Inc. 3,511,200
Doc.
67,300
Inc.ll,784..500
Inc. 1,109,500
261,075,900
19,229,300
Legal reserve.
Reserve beld.
$79,204,600 Inc.$2, 9 16,125
94,021,800 Inc. 4,650,700
$65,268,075
75,507,300
18,763.900
19,683,400
230,424,700
49,150,900
$57,606,175
07,914,800
Surplus
$14.817,200| Inc. $1,701,575
$10,238,323
$10,308,625
—
20.4-J8.400
t
,-Mar.
115
114''8
11C>4 11614 116
•114:^
•116>4
117>«
•11738
•132
•132
•133
•135
•136
;
—
State and Railroad Bonds. There has been more animation
in Southern State bonds and nearly all the issues are strong,
Louisiana consols sharing now in the better feeling. A good
part of the demand for State bonds comes from London, where
the holders have in times past made much money in purchasing
our Southern State bonds at low prices and sending them back
to this market on the rise. On reports of an injunction against
the new funding law in Tennessee, the Tennessee bonds fell off
here to 69@70 tuis afternoon.
Railroad bonds have been strong and active, the great bulk of
speculative transactions running on the income bonds of comparatively recent i.'^sues, .such as Texas & Pacific, Ohio Central,
&c., and it is to be remarked as to these that the more the roada
combine and consolidate the better it appears to be for the
income bonds of the original roads taken in, since they must
stand ahead of all the consolidated stock for dividends.
The following securities were sold at auction:
Shaves.
100
10 Empire City Fire Ins
91
10 Mercantile Fire Ins
223
1 £asle Fire Ins
119
25 Mercantile Nat. Bank
20 Keely Mot'r Pow'r,$l5 50
Bonds.
$10,000 N. Y. City 78, impr.
stock, due 1889
122%
8,000 New York City 6s, Central Park impr. stock, duo
113
1887
1,000 City
per share.
40 Coney IsUind & Br. RR..IOII3
151 Long Island RR
38*1,
100 Cumber. Coal & Iron Co. . 4'$
Bonds.
$20,000 Brooklyn City 68,
1251*
water lean, due 1809
100.000 South Carolinit RR.
Purcbasiufj Committee receipts for 2d mori. 7k, due
121® 121 14
1902
of' Stockton,'
Cal'.',
duo 1893
11013
2,100 City of New York cons.
5 per cent stock, 18968s,
1916
.
115
2,000 County of N. Y. riot
indemnity 6s, due 1882. 103%
2,000 Cent. Pac. RR. (State
aid) 78, due 1881
1073t
3,000 Bloccker St. & Fulton
Ferry RR. 78, due 1900..112ia
.
.
—
Railroad and Miscellaneous Stocks. The stock market has
not shown a wonderful activity this week, but on a fair volume
of business the tose is generally very strong. There may be
very different opinions among stock-dealers as to the present
range of prices, but however bearish in feeling as to the general
condition of aifairs, there are very few xfho would advise their
customers that the present was a safe time to make short sales to
any large extent. It has become a mere truism on the Street that
no perioci like the present has previously been experienced; and,
accepting this as a plain statement of "the case, we must take a
new departure and judge the future of the market by new
standards. The gross and net earnings of the Chicago Burling.
ton&Quincy Railroad for March, and'for the first quarter of the
year, have ju.st been furnished us, and as this is the first and only
one of the great leading railroads of the Northwest that has yet
published its net earnings for that period, the exhibit is interesting.
For the three months from January 1 to AprU 1 the
statement is as follows:
Loans and dts. $317,730,000 Inc. $6,880,900 $278,574,200 $233,838,300
Specie
'115
1141'8 115
•116
II6I4
'II7J4
11738
reg. ( .^an.
11T»8 11738 II714
48,
coup. ( .-Jan. n7>s 117% 117>4 117»s •11738
48,
•131
•131
•131
*131
88, cur'oy, 1895. .reg. .1. cSl J. *131
'132 •132 •132 •132
6s, our-oy, 1896.. reg. J. i J. •132
•133 •133
•133 •133
88, eur'oy, 1897. .reg. J. A J. 133
•134 •134
135 •134
88, cur'oy, 1898. .reg. J. & J. •134
•135
•135 •135
•135
68, our'ey, 1899.. reg. J. A J. 135
• Tbis l8 the price bid at tbe morning board
no sate was made.
1891
1891
1907
1907
4>9S,
4'ss,
Three months of 1881
Three men ths of 1880
Oross
Earnings.
$3,760,918
4,577,128
Increase
Decrease
816,210
Erpcnses.
$2,176,749
2,126,682
49,766
Net
Earning
ngs.
$1,584,:
,169
2,450,145
86'5,9'76
Pacific stock has advanced largely, and the disTexas
patches indicate that the lease of the Missouri Kansas
The Missouri
&
road has been confirmed, though the terms are not yet known.
The Western Union Telegraph suit is yet on trial in this city.
The Northern Pacifies advanced on the compromise and disconcontinuance of suits. The elevated railroad stocks have been
unfavorably influenced by a suit of the Attorney-General of
New York State against the Manhattan Company for a dissolution of its charter, on the ground mainly that it is unable, by
Exchange. The foreign exchange market has developed a
decided weakness, and it is reported to be almost entirely due to
the export of stocks and bonds to the foreign market. The
extent of this movement is never exactly known, but from the
leading banking houses it is learned that it has recently been
very larjje. Sterling bills were weak to-day, and bankers
reduced tlieir rates. On actual transactions bankers' prime 60- the showing of its President, to pay its taxes. No decision has
day sterling bills were sold about 4 84 and demand bills 4 86 ; been rendered by the Supreme Court of Pennsylvania in the
cable-s 4 8654 and prime commercial bills 4 82.
Reading case.
.
—
.
..
.
.
THE (CHRONICLE.
64<5
EAXGE IN PRICES AT THE
STOCK EXCHANGE FOR THE WEEK, AND SINCE JAN.
X. Y.
DAILY HIGHEST ASO LOWEST PRICKS.
STOCKS.
Jlourtav,
.^atnrnay,
May
Maylli.
14.
RAII^KOAD!^.
130 130
A Siisqnelmnna
* N. Y. Air-Line pref...
Albany
JJtiston
Western.
Burliugtou Cedar Rapids & Xo,
Canada Southern
Cedar Falls & Minnesota
Buffalo Pitt."liurg
ct
&
Do
Do
Chicago
7»i4
&
130
May
IS.
130
133
Northwestern
pref...
Chicago Bock I»l. & Pacific
Chicago St. L. *fe New Orleans..
Chicago St. Paul Minn. & Oni..
Do
pref.
& Clev
Cincinnati Sandnsky
Cleveland Col. Cln. & Inrt
Cleveland it Pittsburg guar
24 's
2tJHi
80
79
80
78
80
26%
2718
29
104V, 102 •'8 104
91 14 92 14
93
31 '4 32=i
33 Vj
47=4
46=4 47=8
36\ 3S
30=4
146=4
147
167 167
168
95
95
121 122V. 120=4 121 Vj
132 lS'2hi 131 131V;
12914129'^ I28I4 129 V.
141 142"... 141 Vj 142
145=4
1431.2 144 V 143
81 Vj
80=4 80=4
81
45V. 46Vj
45^8 46 v^
IO5I4IO6I4 104 Vj 106=4
63
66 Vj
C3
63
98 V,
97
97>4 98=1
141 141
28
27'8 29Vj
291a
91"-!
32 »8
48I4
46
36-6
86
147
146
147
167 >4 167
12238
121-'>8
,
80
78
26
80
781% 79»4
02
33 's
166
pref.
Do
May
May
lOS^s 103
pref
Do
80
25
47 b
36
145
1st pref
Chicago Burlington & Quincy.
Chicago * Eastern Illinois
Chicago Mil-waukeo & St. Paul
Chicago
81
78
22
90=4
32=8
Alton
Do
SOlj
102
Ohio
2d pref
&
131
Wednesday, Thmslay,
Tiicsilnv,
it.
Sales of
the Week,
Friday,
May
I'J.
liare.9.
20.
130
132 133
120 129H;
141 141
I4214I44I4
431.J
46
104=4 lOS^B
62 '9 621,
97 »6 98
791a 79 V;
771a 78=4
27=4 30
80V;
8114
29 Vj
1,371
19,800
11,320
102=4 103=8 1021a IO4I4 103=4 104=4
90 Vj 91=4 91 Is 92 Vj 92
94
32-=(
32
31 Vj 31%
31=8 32 Vj
47 14 47 'i
47
48
471a 47 Vj
351^
34=8 35=8
.34=4 35=8 •33
144 143
144 ...
144 14-
88,190
36,685
25,075
13,482
11,400
3,680
7836
I67I4I67I4 166=4 167
7814
28=4
145
167
100
167
3,520
-041a
100
44I4
73,675
1,400
36,000
6,230
22,743
1,400
16,485
27,470
10,200
11,140
160
67,605
121 I22I4 12114121% 12II4I2214
I3II4I3II4
131 1311a
132
128=8128% 128V. 129 14 128% 131 Vj
141Vj 141=4 I4II4I42
142 144
143V;
144=414514
144=4 143% 145
•80
•80
81
81
80% 82
46%
45%
43=4 46I4
45=.,
I03VJIO6I4 105 V; 106% 106 107
66 14 671a
65
66
66 V,
67
97 14 00 v"
97 =,
97
97
07=i
1411a 1411a
31 14 32%
28=4 20%
28=8 31=,
Columbus Chic.
Ind. Central.
2712 27-8
Danbury & Nonvalk
70% 71=:
Delaware Lackawanna & West. 125" i263i i25% i26=8 124=4 126=8 124=^ 126^, 124% 125=4 125 123=4
Denver <t Kio Grande
106=4 107 >B 107 108
10714108% 107 109Vj 107=4 108=4 1081a lOSVj
<fe
&
Dnburjiie
*
Erie
Sioux City
&
Do
pref
<fe
72
70=4
70
77
112'%113Vj 11112I12V,
--I4
Texas Central
lUinni.s Centr.ll
ludniua Blooniington
Do
Inteniatioual
*
&
141
78I4
78I4
142
80=4
140'el43V
West..
new.
*80
78 "a 80
it I'l
Houston
5314
04 "s
54
'23=4
"271^
"25=4
82
80
110
80=4 82
1411a 142 Vj
82
84
141=4 142
35%
54 14 55 Vj
54=4
67I4
56-8
44"
43=8 44V;
79=4
79
35=4 3OI4
45=8 46=8
pref
Ohio Central
Ohio & Mississippi
Peoria Decatur & Evansville..
Philadelphia & Re.'uUng
Pittsbum Ft. Wayne & Chic...
Benssi-laer A: Saratoga
iio
Bmliestfr ii; Pittsburg
37%
Borne Watertowu A Ogftensb'g
St. Louts Alton <St Tcrre Haute.
plef. 140
Do
St. Louis Iron Mt. & Southern.
72 14
St. Louis & San Francisco
46=4
"
iS^'iivj
77=8 781b
S4=8 35=8
45=4 46=8
46Vi
109
109
252 252
46
47
57 Vj 58 V,
129=4 130=4
27=4 29=4
108 llOV;
90
26
5414
46I4
58=4
109
62
130
iid"
i'ii"
37V!
38
51VJ.52
113iall4
38V,
37
*40
leivji
Paciflc Mail
541a 55=8
531a
Pullman Palace Car
I3OI4I3OI4 132 Vj]
Sutro Tunnel
2
1% ^
Western Union Telegraph.
llSVj 119=4 110=4 1
Do
ex.certificates
80
87
46
161
.
45
164
»40
16112
54=8
,
I3II2I33
82
66
.States
A Co
67
Homestake iliniug
25
55
19V,
18=4
I214
76
87
24I4
53
17
13
i
"-
49^!
90 Vj 91
183
185
37% 37 '6
49%
00%
183
37%
12i<
49% 50%
91% 02
.50%
91
186
39'
184
'-J
44% 43 Vj
59
59%
44%
59
140
45=4
60 '(
140
6,300
200,224
2.300
59,013
850
118,723
3,878
2.200
2,400
24,306
34,320
49.900
13,.300
200
183,273
44.434
27,193
6,735
25,300
74.534
16.223
115,760
15,796
200
10
83,700
186
38% 40
49,200
01,493
54,390
40,060
2,3.33
700
43% 46
69=8 61%
23,7.50
37% 37%
37% 37%
70
138
80%
47
71
108
41=4
87
70=4
36%
15,761
139
09=8
141
81%
81=4
47
73
108
47
73
10814
41=4
41=4
8-'
87
loevj
23,320
73
47%
73
108%
41Vj
87
106%
55% 56%
04% 95
93% 93%
62
113=4 113%113'i
•41
67
57
Little Pitt.sburg sfining
80,970
66,140
1,800
1,120
2,300
57
62
134
2
...
134
2%
133% 134
2
200
(12
113% 114%
164 169% 165 168
163% 162% 164
55% 54% 55% 55% 66% 55% 57=4
21,
100
89,163
18,730
6,200
155,103
"*'5'3%"5.5"
82
2
8,200
6,800
33,680
4,565
5,676
2,355
1,200
1,290
100
"'34% 56^8
56%
43%
71
141
82
67% 68% 67
68
45% 43% 45=4 45=4
34% 34=4 33% 33%
122% 123=4 123% 124=8
54% 54%
113%
37=4
21.
120=4121=4
121% 122 Vj 120% 12"
90
91% 90% 91% 00% 01-
131% 130 133 1.30 131
sr
83% 87
87% 87%
68%
67% 68 Vj 67% 07% 68
118 118=4 118% 118% 118% 118% 110 119
62% 63% 62=4 63 Vj
37
57% 57% 64
42
42% 41% 41%
41
43
42% 43
25Vj
*24
25%
3%
3% 3%
3% 3% •3% 3%
84
,
Mining
23
55
19V,
49-'8
37=4
''xl30 132
83
66
11818 118V.
AND MINING.
Colorado Coal A Iron
Consolidation Coal
J4
55% 57 V; y ^
130% 132% 133 134
29I4 31
30% 34
108 109
107% 109
9.05
07
07%
76%
142
2
2%
120=4 122=8
89% 91=4
EXPRESS.
American
18,802
•5=4
6
31 Vj
Ontario silver Mining
Pcunsvlvauia Coal
Quicksilver Mining
pref
*245
18
33%
38%
3212
18
!
.
Standard Consoi. Mining
Cameron Coal
Caribou Consoi. Mining
Central Arizona Mining
>240
250
18=
18
07
i
23=4
1
34=j
Deadwood Mining
31% 32
*38
38%
19% 19%
66
68%
•2%
8'32'
'3"]"='i
asked— no
sale
was maae
at tUe Board.
4%
*8
*5
32
32=4
24
34 V,
2%
4%
9
5%
32%
10
31% 31%
•38
38%
32=4
'250
'240
<240
23% 23% *23%
34
34% 34%
8%
Excelsior Mining
New Central ( oai
? Tliese are the prices bia ana
31% 32%
10%
23
4
5
23
35% 36%
•2%
*
4
5
3.200
1,085
11,726
,
100
300
300
10
1..300
5 131
62%
.
52
66
34
53
Apr.
Feb.
Jan.
Jan.
89% Jan.
Mar.
Jan.
Jan.
Jan.
May
Feb.
Apr.
74%
96
63
57%
53%
Jan.
32
40
00
"25
""3"d"
110% Mar.
150
45
190
62%
151
2
Vj
Mar.
Mar.
Feb.
Feb.
Jan.
Apr.
122% May
1.34=4
6 88
4 89
4 121
85% May
43
.-i^pr.
Jan.
1=4 Jan.
25 Jan.
38% Jan.
Apr.
Jan.
Jan.
21=4 Jan.
25
2
4
J.an.
29%.Tan.
8%
Feb.
9
Ain:
9 V.Apr.
SSVjFeb.
37=4 Apr.
243 Jan.
20 A in'.
68 Vj Jfav
27
Feb.
Apr.
Apr.
36% May
Jan.
Feb.
Jan.
Jan.
331.1 Feb.
8% May
5
Mar.
26
Avr.
147
J 02
27% 62
107% 146
4%
7'-%
116%
Feb. 16 106% 122
66=4
18 64
55
17 42
Jan. 26 100 118
Apr.
=4
92=4
Mav
Mav
Jan.
% Jan.
63
91% Mav
23=4
1
81
75
50
Feb.
Jan.
64% May
i!
31
240
13
500 63
...
18% 10%
23% 23=4
34% 34%
6
6,530
Low. High
.
52 120 Jan.
922 62=8 Jan.
2,130 31 % Jan.
1,131 112 Jan.
pref.
for
.
77
7
Range
Year 1880.
-
80% J.an.
1.120
1,000
1881
1.
May 16 100 120
Feb. 14 37
61=4
44 May 10 "56"
"86"%
81 Jan. 10
00 Jan. 14 40
81%
SO May 19 14
29
May 2 50 Mav 2 38
_,
47%
82V, Jar. 4 112
.._
Feb. 17 45
90%
80% Feb. 23 98% Jan. 14 63
07%
20=4 Jan. 19 3S%May 14 15
25=4
32=4 Jan. 12 48% Mav 14 22
36%
25
23 Jan.
36% May 14 17
27%
132 Apr. 1!> 156 Jan. 5 99% 150%
140 Mar. 23 133 Jan. 7 117 100
l,H2VjJan.
17 113
183%
160 Feb. 26
90 Apr. 21 03 May 17
101% Feb. 25 124% Jan. 20 66 Vj 114=4
124%
117
Feb. 23 133 May 10 00
117 Feb. 25 136 Jan. in 87 1( 130
131% Feb. 26 147 V, Jan. 17 104 146%
129 Feb. 26 140=4 May 17 100% 204
.2
May 20 22
48
40 Jan. 4
40% Mar. 25 ,1 Jan. 22
91 Feb. 25 lOOVj Jan. 24
41VjFeb. 1 67VjMay 19
81 Feb. 25 99Vj May 20 61
961a
127% Jan. 29 142 May 10 100=4 129%
25%
10=4 Jan. 4 32% Mav 20
53
60 May 12 76% Feb. 16 50
107 Jan. 4 131 Mar " 68% 110%
82% Jan. 4 111 Mav 10 61% 86%
76VjApr. 8 85 Jan*. 15 60
83
110 Mavis 110 May 13
89% Mai-. 17 91 Mar. 23
M.iyl3 22', 50 'e
44=4 Jan. 4 ...
82
04 Fel). 26 lloVjMav 13 63% 105
91%
63 Feb. 211 S4 Mav IH 49=
124 Jan. 1 143VjMav 111 99 V 127%
60Vj Jan. J KlOV, Apr. 28
48% May 2 OTVjMaV 19
30%
50 Jan. 6 92 Mav 6
20%
14 Jan. 10 27% May 14
43%
41 Jan. 4 56 Jan. 27
38V, Jan. 4 59VjFeb. 8 20% 42=4
135=4 Jan. 20 95
139=8
118 Feb.
levjjan. 211 38 Feb. 21
IKIVjMav 18 "77 174""
79 Feb
100 May 9 30 100
58 Jan.
57%
21% Apr. 26 46 V, Feb. 14 21
60
34 Jan. 12 58 V. Apr. 23 30
Mav 2 3=4 18
9 Jan. 4 24
2V 12%
14Vj Apr. 30
6 Jan.
41 Feb. 18 77 Mav 19 29% 43
85 Vj Apr. 21 126 Feb. 14 83
121
..I 12(IVj Jan. 20
130%
75
103% „j,;..
Apr. 1!
42 Mar. 22 59% May 14
54 Jfay 20
53 May 20
39% Feb. 2"- 02 May 20 28% 49%
83 Jan. 28 110 Mav 19
20%
18% Feb. 2(! 39 May 19 12
118 Feb. 25 129% Mav 20 100 123
63 Jan. 6 102 Mar. 21 47% 128
155%
140 Feb. 25 135 Jan. 3 122
103 May 4 laoVjFeb. 10 109 127%
51%
43=4 Feb. 20 52% Jan. 13 30
93%
82% Feb. 20 00 Jan. 10 47
"
60 May 111 02=8 Mav 14
164% Mar. 25 183 May 13 155 iso
20
32%
28 Jan. 4 43% Feb
83%
70 May 14 90 Jan. 29 70
20
36
Mar. 1
32=4 Jan. 13 51
64% Jan. 25 82% Mav 19 39% 67%
28%
23% Jan. 5 37% Mav 20 14
44%
38% Jan. 4 47% Mav 20 23
07=4 Jan, 8 122VjMav20 .37' 102
219V>Jan. 7 258 Apr. 28 168 225
28%
27% Jan. 4 47 May 14 18
50 Feb. 23 73VjFeb. 9 13% 72%
127 Jan. 19 142 Miiv 17 112 129
129
130 Jan. 7 140 May 16 111
26 Apr. 14 38% Mav 16
25 Apr. 1 38 Jan. 24 19', 35
42
39 Feb. 28 77 V. May 12 13
...
110=4 Jan. 4 142=4 Mav 10 42% 112
32% Jan. 4 82 Mav 20 34% 66
39 Mar. 24 51 Jaii. 11 23% 48
65
61 Jan. 4 73% Mav 14 33
90 Feb. 25 109 May 14 60 100
40
26 Feb. 9 42Vj May 4 25
70%
70 Mar. 8 88 May 16 60
88
88% Jan. 7 106% Mav 2(1 67
47%
41%J.an. 4 e8Vj Mav 18 SO
41=4 May IS 45% May 17
23 .Mar. 10 38 May 13
105% Feb. 25 124% Feb. 14 80 113=4
186 May 14 186 Mar 14 157% 180
30 Feb. 25 38 Mav 14 26% 48
77 .Feb. 25 96% M.ay 16 oil, 88%
79,053
52,488
8,670
1,
Highest.
Apr. 7
Feb. 26
Feb. 24
Feb. 23
Jan. 18
60.8,->0
86
6
Lowest.
130
82 30
9,941 135
77,600 45=4
200 130%
9,900
1
'131
87
69
0=j
Maryla nd Coal
Do
66
ii'.i
50
67
89=8 89=8
521a 52V ""5"3% 53'%
62
62
113=6 114% 113% 114Vj
•85 Vi 86
A racilic Telegraph
Canton Co
Delaware & Hudson Canal
Gold A Stock Telegraph ...
Kew York & Texas Land
Oregon Railway & Nav. Co
Atlantic
Do
57 Vj
74Vj
MI.SCEMANEOtJS.
American District Teleirraph
American Union Telegraph
A
li',2'5"d
56
19
.
Mariposa Land
21,933
83% 83
20
13
77
76
76
90 Vj 93 Vj
91
80=4 01
11114113% 112% 113=8 113% 115%
67=4 58I4
58
68
60
68
34
63
50Vj .511a
i)0i2.51=s
60% 52
107 108 14 IO8I4IIO
100 110
37 14 .38 ij
38
30
38% 38=4
I28I4I29
128% 120% 129% 129 Vj
92
03 V.
80% 92 V, 92
92
148=8 140=6 149% 1.50 Vj 150% 151 Vj
105 Vj 108
106 KW
107% 108
45Vj 40 Vj
39 V; 61 1»
46=4
90
29
54 Vj
.
COAI.
671a
"23%
84
/
"71"" "73%
73 Vj
75=4
73
74 Vj 75%
141
1401a 142=4 142 142% 136 1.37
73 Iq 73=4 77 14
81 %
77% 80=4 80
47=j
47' Vj
46% 46Vj
47
46% 47
pref.
..
Do
72V, 7 "_
7118 73ij
70=4 73
71
71
1st inef
Do
108=8 100
108% 108 Vj 108 108%: 108% 108%
St. Paul&Duluth
41
41
40
41 Vj 42% 421.
40
41
Do
pref
84 14 86 V,
88
87
88
88
St. Paul Minneap. & Manitoba.
92
92
Texas & Paeiiic
65 Vj
64
68%
65% 64', 67=4 67
64
Texas A St. Louis
42 14 4314 43
45=4
44 Vj 44 =i 43 'i
45
Toledo Delphos & Burlington
33=4 34
37 Vi 38
34 V 35
351a 35=4
Vuiou Pacific
122=4 123%
1221s 123=4 128% 124=4 122% 124
TTnited Companies of N. 5
186 186
"55=4 '5710
Wabash St. Louis & Paciflc
55
58
55% 36%
55% 50'
Vj
Do
pref.
041a 95
85% 90 14 94% 95=4 94% 94%
Wells. Fargo
142=1
23.025
21,320
16,700
11,447
76=4 82
771a
112=8 112=4 114Vj
43 Vj 44% "43% "46% "44'% 46'^
79% 79% 82% 80% 81
78
35
35% 35=4 33
37 45=4
46% 47% 47
47%
114 120
122 122%
110% 111 Vj 112
"44=4
78 14 79=8
35 Vj 36
46%
pref
Panama
United
100
144,790
18.225
730
100
pref
Northern Pacific
Adams
80
S3
141%142i4 141=8
"2512
.
Do
80
"24=4 "25ia
"Sf
58 V
56
56
5
50
ISO-'s 131=8 130=4131=8 130
ISlVj
26I-J 2«Vj
Louisiauji & Missouri River
28
28
28
28
Louisville & Nash\'ille
105 V, 107 14 106 106
106% 100 14
Louisville New Albany & Chic.
971a 98
Manhattan
V,
28=4
26%
26 ''s 28
231a 20=4
Manhattan Beach Co
54
56
54=4
56
53
54
Marietta <t Cincinnati, 1st pref.
IOI4
10
12V!
pref.
Do
2(1
13
13
13
1.3
13
Memphis ifc Charleston
75
74
75
74 V, 75
74
Metropolitan Elevated
94 Vj
02
913. j).ti4
86
91
112V,113»4
113V.
Michigan Central
112=4
112 IIS'V.
Milwaukee L. Sh. & West., pref 5612 59% 68
60
57=4 58I4
Milw-aukee & Northern
Mis.so«ri Kansas & Texas
49
50=4
50 14 51 '(
49=4 51=8
Missouri Paciflc
97=8 98^8 100 103 V, 103 '•107=,
Mobile JS Ohio
36 19 36=
36=8 37 Vi
30 's 37 -(
128a;;
Monis (fc Essex
127=4
1281a 128=4 12s 128i|
Kashville Chattanooga & St. L.
89=4 91 Vj
95
93
03% 94 Vj
New York Central & Hudson .. 149i8l50-ie 149=4 loOV 149 1.50
New York Elevated
107 lOSVj 1071a 108 V, 103 107
50V! 51
New York Lake Erie & West
60 14 50=4 49=4 fiO=8
91V, 90^
pref.
Do
91=4 02=H
90
91 =
r
New York & New Englan*
621!b 62
621a 62 V,
New York New Haven & H.art. 182 184 183
185 *183 185
Kew York Ontario AWestem
37 Vj 38
37=8 38
37
38
prcfDo
70
70
Do
80
110
77" 77=4 77
llOVjlllV IIII4II2VJ 112
Gt. Northern..
Keokuk & DCS Moines
Do
lake Erie A Western
Lake Shore
.
80
80
I'itt.tburg
10 Manjnette, pref...
Hannibal
St. Joseph
Flint
Range Since Jan.
Jan.
.
Central Iowa '2d nref
Central of New Jersey
Central Pacific
Chesapeake
131
XXXIl.
[Vol.
3.% Jan.
42%
19V
28
28
1'
2»
3
10
39=4
39
30%
4=4
3
27
39=4
30
190
223
24%
78%
9
46
20
34
1%
7
2
14
7
5
6
21%
1% 25%
II
25%
1
33
.
May
—
"
—
A
J.
.
.
THE CHRONICLE.
21, 1881.]
547
QUOTATIONS OF STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES.
8TATE
SECUBITIES.
58, IBOIl
iiw'
fi.")
Ark.anMiirt—
Ok, tmiiied, isnftinoo...
Kt. s, 18«.
7», I.. Ilofk
78, Meniii. .t L.ltock KK,
78. L. R.P. B.AN.O.
78, Mits. <>. A R. R. KH.|
&
RK
7», .XrkaiiMiiH
C't'iil,
(]»,
7»,
Clas«C',2 to4. IIIOC
Ok. W-ina, 1900
ConiuTticut— ilH,
73
72
A, 2 to 3. 1900....
A, 2 to."!, Hmnll
ClasaB,
Bid.
UIl
l,-<a3-l.
Gcorsiii— 0«. 1'<'<U
78, IH'W, 18S0
7s, I'liilnrsc.l, 1880
7«, Kolil, 1.S90
Do
Do
Do
105
due 1882 or 1883
due 1880
due 1887
08,
Oh,
Os,
30
(;8,diielWW
(In. duo 1880 or 1890....
17
10
10
1«
10
104
109
111
111
117
.\syriii or Vniv..
FnnrtlnfT, IH'.U
llOij
111
duo
Chatham
119
Do
York—
do
'87.,
112
UB
Special tax, class
Do
113
1 , '98.0
clas82
class 3
Do
I
goM, peg., 1887
KolO, coup., 1887
loan, 1883
loan, 1891
180818H8.
J.JtJ., '92.8
A.AO
Do
'02
I
ait, 18ii0.19(K).
Now bonds,
Coneol. 48, 1910
8>,
8'j
81,
87
83
Small
....
130
130
110
110
13
13
21
21
8
8
10
34
OS,
Registered
Do
Do
78,1920 1311-2 132
Long Dock bonds. 7s. '93 124 127
BuKN.Y.AK.-lst.lOlO 130
(Stock Exchaniic Prias.)
st,con8ol., gold,
N.Y.L.E.AW...New2d,0 108
Ala. Coutral-l.it, Os. 1918
Balt.AO.— Ist, 08, ink. Br
Isl, consol., fd. cp.."
041,
04 •'b
2d, consol., fd. cp., ;»s.
Host. H. A E.— Ist molt.
FltAP. MBrq.-M.0s,192O 1101-2
Bar. Ced. B.& No.- Ist, 58 1031,
Gal.Har.AS.Ant'o— Ist.Oa tl05
Minn. A St. L.— l8t.78,Kn 125 130
110
Iowa O.A West.- 1st, 7s t
1st, La Or. Ext., 08,1910
109
-2d mort., 7s, 1904 ....
C.Bap.Ia.P.A N.— lat.Os
Iowa— Ist,
Central
Cheasp.
llOk
79, '09
A
O.— Par. ni'y fd,
Os, gold, scr. B, iul. def.
68, currency, iul. iU-*f ...
(iillt
llan.
901.2
til)
05 la
A Alton— 1st m..
Chlcauro
Income
78,
Sinkluj? fund. Oa, 1903..
Joliet A Chicai:«t— iHtm.
A Mo.—
m ilf
St. L. Jack.Acli.— l.st
Ist. guar. (.104), 7s. '94
2dm. (3W1). 7.S, 1898..
5s, slukiuc lund, 1901
Chic. Rk. Isl. A Paces, coup., 1917
Os, 1!I17, refiistcred ...
Keo.A DCS
1st. K..">«
1271-2
12-
M.—
1101-2
iioij 112
13012
A St. P.—
130
123
Istnioit., 8s, P. D.,1898
2dm.. 7 3-10, P. 1)., 1898
l»tm.,79,$g.,R.D.,1902
Islm., LaC. Div., 1893..
Istm., I. A M., 1897....
Ist m., I. & D., 1899 ....
IStm., C. A M.,1903....
Consol. 7fl. 1905
2d mort., 7s. 1884
1'27
1271-2
128
127
tl20
127
1'28
129
tlOliii!
A
l»t, 7a. I.
D. E.vt.,1908
S. W. Div., 1st, Os, 1909.
1st, 5s, La.A Dav., 1910,
100
110
1'22
Kt.
i02i-i
1111-2
105
133
111
112
128 %
1-281,
IOSHj
140
127
113
P.— Ist m. 109
2d mort., 7e, 1907
C.A lud'a— lst.78.8.
I
121
Consol. mort., 7a. 1914.. 135
C.St.L.AX.O...Ten.lien,78 till
1st m., con., 78, 1897
till
C. St. P.M.A O.-Cons., Os 1071. 107-'
<
'I
!
l8t. Pa. Div., cn.,78,1917 ti'is"
Bee.. 7a. 1017
A
Snso.— 1st
2d mort.,
.8,
ni.,
1885
II
'
is tils'
]
_
!
,t
Sar.— lat, coup.
jl
lat mort., reg.,
1st m., Springticid Div..
Oliio Cent.— 1st. Os, 1920.
1 St m., Ter'l Tr., Oa. 1920
Panama— s.F.sulj.0a,In97
1091.2
t
l8t,coiia..ffuar.7a.i900
Reus.
Peoria Dec.
1041a
102
Mo.
—
105
108
1211a
Tex.
A
90 la 911a
821a 83
m
A Pac— lst.68,1905
1905
Income A I'd gr., reg
IO418 1041a
130
130
100
102
121
121
Os,
t
And accrued Interest.
104
122
1-25
107
102
117
107
104
too
95 's
110
109
105
107
1-,
Ala. Cent.— Inc. 08, 1918.
Central of X. J.— 1908... 10314
C'hicSt.L.AN.O.— 2d.l907 100
79 '4
Col.ChicAI.C.-Inc.7.a,'90
Cent. I a.— Coup. deb. certs.
ChicSl.P.A.M.-L.g.incOa
'
Cliic. A E. 111.— Inc., 1907 105
lud.Bl.AWeat.— Inc.lOlO 113
79=4
Iiid'a DecASpr'd- 2d inc.
Int. A (it. Xortli.— 2d Inc.
99=8
I.cliigb A W.H.Coal— 1888
106
1121a 114
105
100
4th pn-f. ilchciiturea
N.Y.LakcE.AW.-Inc.Os.
N.Y.P.A O.— lat incac5."
N.O. M.A Tex.— Deb.scrip
lijliio Cent.— Income, 19; H
Ogdenab.AL.C- "lnc.1920
791a
79
991a
92-1,
too la
"93
A
1888
& Hock. Val.— 1st,
2d mort., 7s
79,
Col.
7s.
03
61
69
110
A Toledo— 1st m., 7s. tiVs' 118
108 110
2d mort., 78
DCS M.A Ft.Doilgc— lst,e8
Dub. A Dak.— 1st, 68, 1919
75
80
Oalv.lI.A Hen.— 7a, g., "71
112 116
Gr. BapidsA Ind.- 1st,
118 122
1st mort., 7s, guar
100
Ex.land grant
Stock
171-j
A St L.— 1st, 78
2d mort., 78
Inillanap. AVinc—Ist, 7s
2rt mort., Os
Jeffereon BR.— Ist ni., 79.
ludianap.
Kansas A Neb.— Istmort.,
2d mort
Long Island— 1st mort..
2dinort
Midland of N.J.— l8t,new
Income, "A"
Income, "B"
ii"
106
70
110
100
110
80
"bs"
45
87
50
115
,
90
89
IB
10
35
91
19
12
39
Stock
N. J. .So.— Int. guar.,68,'99 101 =4 103
50
55
N.Y-.AG'nw'd L.— lst,'(S,n
19
16
2il mort
Pullman
Pal.
Joseph A
2d mort
Car-7s,
'88
Pac— 1st m.
90
52
26
South Side, L. I.-lst, 78. 103
96
Tex. A St. L.— 1st, 68,1910
100
Utah Central— Isl mort
Utah Southern- Ist mort. 109
80
Wis.C-ent.— Ist series, new
58
2d aeries, new
St.
St. Jos.
A
West'n—Stock.
95
58
28
98
110
111
62
Sontliern Securities
(Broker's Quotations.}
STATES.
Car.—Consol. 68(gooil)
104
Browne, consol
So.
Vii-ginia— New 10-403
54 1«
RAILROADS.
A Gulf-Con80l.7».'97
110
110
90
84
.Stock
95
Car. Central-lst. 6s, 1923
Cent. Ga. Consol. in., 78. 117
160
Stock
Charl'te C.A A.— Consol. 78 109
101
2dmort., 7s
02
Stock
Atl.
Atl.A Charlotte— 1st,
Income, 68
'7s..
—
Chic.st.L.A N.O.-New58 117
E. Tenn. Va. A Oa,— Ist, 7s 100
124
Stock
111
Georgia Railroad—7s
180
6a
Stock
1(M>-l Memph.AChar.— Ist.cons. 114
1st, consol., Tenn, lien.. 111
110
76
Stock
80
Miss. Central-lst m., 78. 105
113
2d mort.. 89
N. O. A Jackson— Ist, 8s.
Certiticate, 2d mort., 8s. iVo'
120
Xorf. A W.— Ist mort., 68 116
80
69
Stock, pref
100
34 Hi
Stock, common
951a
794 Northeast.,S.C.— Ist m.,88 125
112
2d mort., 88
V7
80 14 Port Royal A Aug.- l8t,68 104
1M(
08
681a
Stock, assea.sinent paid.
7s, 1902, non. enjoined ..
66'4
Non-mo. t. bonda
la
108
102
110
108
116
8%
76
126
Col.
98 14 Bich.A Dan.— Isf, cons.,6B
Stock
68
Southw. Ga.— Conv. 78, '86
59
Stock
581a
S.Carollna BB.— Ist m., 79
93
98
68
57
881a
S7»a
so
3
A E.—Stock
70
Chic.A C'an.So.— Ist, g., 78
Chic & S'west.—7s, guar. 122
A
tll0=4
67
90 1»
5714
Bo8t. Hartf.
A
INCOME BONDS.
Lake ]•;. AW.— Inc. 7s. '99
Sand'kvDiv.-Inc, 19-20
ioo'
Laf Bl. A^Iun.— Inc.7s, '99
Mob. A o.— 1st iiref.deben.
108
2d prcf. deticntures
II8I4
3d picf. dciifiitures
A Ev. — Incomes
Evansv. Div.-lnc,1920
Peoria D.
ChTc—
Cln. Ind. St. L.
97
1st mort., O.s, 1920
96 >a
Ind.— l8t, 78, '92Cln.
2d, 78,1887
Inil. Cin.
Laf.— 78, '97
Con.aol., Os,
.
1920 107
t
1.J
"981^
111
(Broker's Quotations.)
payttblf If earned,
IIOI4 1161a (Interest
but not accuiiLuuitiv€)
"b'ei-i
registered
Miscellaneous List.
112
105
109
Pat!.
1 St consol.. Oa
la 110
Paclflc of Mo.— lat, Os ..
2d mort., 78, 1801
120
t.-..
100
St. L.A S.P.—2d, 68, cl.
illi
A Ev.— lat, Os
Evans. Div., lat,
1921 ..
'il'acitic RailroadsA Rio (jr.-lst,1900 118
Central Pac— Gold, 6s..
1st, con.a<il., 78, 1910.
118=8 118^4^
San Joaquin Branch..
Denv.so.P.A Pac.-lst,7a 110
Cal.A Oregon— 1st m.,
«ne— 1 at mort.. extended.
1281state Aid bonda.7H,'S4
2d mort., cxt'd oa, 1919. ioii no
Land grant bonds, Oa.
Sdnioit., 73, 1883
108
West. Pac— Bonds, Os
4th mort., extd. ."la. 1920 tl08i-2
scPacof Cal.— 1st, 69
Prices nominal.
Atch.C.AP.-.Ist,08.19O5
At. Jew. Co.AW.— lat.Oa
Utah So.— Gen., 7s, 1909
3.O8, chlssC, 1906
3-08, class B, 1900
1st, Os, Peirce Q.
O.
Eouipmeut, 7s, 1895..
So. Pacillc of Mo.— Ist
Denv.
•
112ii
1087b
104
89 -Is 89 ij
l8t,Rloa.Div.,68,1930 100 'a 100 1(
Indianap.D.A Spr.— lst,7a IOOI4 1071a
Int. A Ot.No.— 1st, O.s, gold 111 la 1113. Pennsvlvania B ItPit ts. Ft. W. A Ch.— l8t m
140
Lake Shore A Mich. S.—
1-29
2d mort., 78, 1912
Mich. So. AN.I.,8.fd,78 109 112
112=4
3d mort, 7s, 1912
tl'26
Clevo. & Tol.— Sink. fd.. t
Clev.APlttsb.- Cons.,6.f
116
isd"
New bonds, 7s, 1886..
4th mort., 6s, 1892....
Clevo. P. A Ash.- 7s.-.. ii'i"
Col. Ch.A I.
1st, cons
iid"
Buff. A Eric— New bds. 121
2d con., 78, 1909
103
Huff. A State Lino— 7s.
114
1st, Tr-t Co. ctfs., ass'd
Kal. A W. Pigeon— lat t
2d, Tr't Co. ctfa., ass'd
Det.M.A T.-lst,78,1906 tl21ia
l8t,Tr't Co.ctfs.,suppl.
Lake Shore— Div. bonds 122
St.L.V.AT.lI.— lst,g.,78
C-onsol., conp., 1st., 78 130
2rt mort., 78, 1898
ConsoL, reg., lat, 7s... 130 1.301a
128
2d m., guar., 73, 1898.
Consol., coup., 2d, 78.. 127
Bome W.AOg.— Con., lat.
128
89
Consol.. reg.. 2d. 78 ... 127
Boch.A Pitt.— lst,0s,1921 100 la 107 Hi
Louisville. A NaaiiviiieI2II4 1211, St. Lonis A I. Mount.— Ist 1-20
122
Consol., 7s, 1898
2d mort., 7s, 1807
114
106
2d mort., 7s, gold, 1883.
Arkansas Br.— Ist mort. 118 120
CerlUan Br'ch— 7s, 1907 tl09
Cairo A Fulton— Ist ni.
116
N.O.&Mob.-lst,08,1930 108 110
Cairo Ark. A T.— 1st m.
iis"
E. H. A N.— l8t, 6s. 1919 108
1091a
St.L.Alton A T.H.— Ist m. tiio"
Gen'lmort.. Os, 1930.. llOia
2d mort., pref., 73, 1894. tH2
Pensacola Div «8,1920 107
112
2d niort., income, 78, '94 tl05
St. L. Div.— 1st, Gs, 1921 tl08
BellcvUieAS.IU.— 1st m. 118
2d mort., 3s, 1080
tl05
St.P.Miuu.A Man.- lst,7s 112
125
Nashv. A Dec— 1st. 78. 121
105
113
2d mort., 6s, 1909
L. Erie A W.— 1st, 0a,1919 111
100 100 la
Dakota Ext.—Os, 1910
Sandusky Div.. Os, 1919. 100 la
Tol. Del. A Bur.— Main. 6s
108
99
Laf. Bl.A M.— Ist, Os. 1919
99 le!
Ist, D.lyt. Div., 08, 1910
Loulsv.N.Alb.AC— Ist.fls iod" 110
961a
1st, Ter'l trust, 6s, 1910 t95"'
Maidiat.B'ch Co.— 78,189SI
99
Wab. St. L. & Pac—
X. Y.A M.B'h— lst.78,'97 108
1051.2
General
1920.
130
mort.,
Os,
Marietta A Cin. — 1st, 7s..
Chic. Div.— 5s, 1910
100
1 at mort., sterling
llav. Div.— Os, 1910
105 1061a
Mctrop'lifn El.-l8t,1908 1031* 1031a
Tol.P.AW.— 1st, 78,1917 1171a
-2d mort., 68, 1899
89 la 911a
Wabash— Moit. 78 of '09 111 ii's
Mich.Cent.—Con..78, 1902 1281-2
IIII2
Tol. AW.— l8t, ext.,7a 112
1st mort., 83, 188-2, 8. t..
Ist, St. L. Div., 78,1889
111
Kqiiipm'nt bonds, 8s, '83
2d mort., ext., 7s, '93.. iiVi'
Oa, 1909
57"
Equipm't bonds.78. '83
Jack. Lan.A S— Os, 1891 tl08
Consol.,
conv.,
7s,1907
tiiii
Mil.ANo.— lst,4.5-68,1910 98 100
98 '( 9914
Gt. West.— Ist, 7s, '88.
5[o. K. A T.— Gcu.,con.. Os
iiaHi
2d mort., 78, 1893... iVo' 111
(.'ons., assented, liiol.O.
10934 109'f
891-j
Q. A T.— Ist, 7s, 1890. 105
2il mort.. income, 1911..
89=4
lU.AS.L— 1st, 7a, 1882 tl02
H. A Cent. Mo.— l3t,'90.
Han.A Naples Ist, 7s
Jlobile 4 O.— New m., 6s. iie"
St.L.K.C* X".— B.e.,7s 1131a 117
Xash.Chat.A St.L— Ist, 7s 119
Om. Div.— Ist mort., 7a 11S»» 119
X. Y. Central—
Clarinda Br Oa, 1919 tlOOl.2
O.s, 1883
1041a 105
St.C.B.-lst, 7.8S.I9OS 1021a 103
O.a, 1887
tll2
No. Mia.soui-i — lat, 7a. tl25
Oa, real estate, 1883
103
West.U. Tel.— 1900, coup. 120
Os, subscription, 1883.. 103
1900, leg
120
X. Y. C. & H.-lst m.,cp. 136
Spring Viil. W. W.— 1st, Os
1st mort.. reg., 1903 .. tl34
Oregon Hit. ANav.— lst,03
nud8. B 7s, 2d, 8. f..'85 tll2
C.St.P.&M.-lst.0s.l91S tllOi.2
No. Wise- 1st, Os, 1030.
St.P.AS.C— 1st, 68.1919 tiio 112'
Chic.A E.Ill.— lst,8.f.,cur. 1091-2
Del. Lack. A West.7s, couvcrtible. 1892 ... tll8
Cauada So.— lat, int. gu.
Mort. 7a, 1907
tl24
Harlem- 1st ni.. 78, cii..
.Syr.BiUK.A N.Y.-lst,7a tl24i2
Ist mort., 78,lreg.,1900
n
Moriis A Kaacx— 1st m. 1341-2
X. Y. Elov'll— lat, 7a, 1900
2d mort.. l.-<91
tll8l4
X'.Y.Pa.AO.— Pr.rn.0a.95
Boua.a, 7a, 19fH(
X. Y.O.A N.— (ien..Oa. 1910
7s of 1x71.1901
1211-2 X.Y.A NewEng.— l8t, 78.
latm.,ionaol.,guar.,78 127
1271-2
l.stm., 6s, 1905
D»l. A Hnd. anal—
Xi-vada Ceut.— lat m., Os.
let mort., 7a, 1884
109 12
X.Pac—B'udctfa,Cs,1921
Ist mort., 7a, 1891
tll8
;X. O. Pac— lst,08,g.,1920
iBt mort., ext.. 73, 1891
Ohio A Miss.—Consol. s. f.
1st mort., eoup., 78, '94.
119
Consolidated 78, 1898
Ist mort., reg.. 78. '94
119
2d consolidated, 7a,1911
Alb.
Den.Div.,6s,asa'd,'99
Ist cons., 6s, lora...
Cent. Br. f. Pac.i-lst.Os
Funded coups., 7s, '95
—
120
f.
1151,
.
111
100
tiW
C. C.
'
102
1st mort.. 7a. 1885
Coupon Kold, 7s, 1902... 128
RCK.. gold. 7s, 1902
128
Sinking fund. Ba, 1929.. 111
Slukiii;r fund, rcg
Iowa ^riiil'iiil— Isi m.. 8s tl27
Oalciia A Cliic— Exten.
Peuluaula— lat m.. conv.
Chicago A Mil.— Ist ni.. J125
Vinoua A
1211a
IIII4
1151a
—
i283J
llOia
IstS. SIiun.Div..0s.l910
l8tm., U. A D., 78, 1910
Ch.A Pac. Div.. Us, 1910
Min'l Pt. Div.. 5s. 1910.
Chicago A Xortliwcat.—
Sinkiiiff fund. 7s. 1885..
Intcrcat bonda. 7a. 1883
Conaol. lionila, Ts. 1915
Exteilaiou Ijollila, 7s, '85
1121-2
Kana. Pac— lat. 0s,'9,
Istm.. Oa, 1896
i2:ria
19>ii
small
Roch. A Pitts.— Inc. 1921
118
124 >a 8t. Loui8 I. Mt. A So.—
1st, 7s, iirel. int. accnm.
2d. 68, Int. acc'mulatlve
SfgI.AR'r-Ser.B..lnc.'94
ToLDeLA B.-Inc.6»,1910
Dayton Div.—08, 1910..
112>a
Tei.&8t.L.— L.g.,lnc.l920
100
.
110=8
Couv.,as.scntcd. 190-2...
AdJu.Ktuuiit. 7..I, 1903...
Leli.AW B.— Cou.g'd.as.
Am. Dock A Ini.— Ass'd.
1141a 116
grants, 78, '87-1I.
Siuking funds, Hs, '93
Uegistered 8a, 1893..
Collateral tniat, 68...
C—
I'JO
1181.2 1181-2
1st couso'.., assented, '99
Chic. MiUv.
130
1041-2 ioti]
Ceutialof X.J.— lKtm.,'iHI
A Minn.- 1st m.
W.—
1st, prof., 78
A
lat mort.. 3.4-5.0a, 1909
2d mort., 3.4.5-Os, 1909.
l'20i2
1903
1091-2
118
111
at
Ccd. F.
1001-2
Mlss.R.Iir'Kc— 1.8t,s.f. Os t...
Chic. Bur. A Ciulucv—
109 i.i 110
8 p. c. 1st mort.. 1883
7s,
Joa.— 8s, conv.
A Texas Cent.—
1st mort., 1. gr., 7a
1st mort.,^^e8t. Div., 78
Iiid. Bl.
2d, KUar. a.'<81, 7».-il8.
Consol mort.,
St.
Houston
1
115
Lft.
1st 111., (fuar.
'2d uiort,. 7.K. I'.ioo
A
A S. Fe— "8, 1909
110
mort.,Waco A X.,
2d, conaoL.main line, 8s 130
2d, Waco A N., 8a, 1915
Income and ludemn'v,7s 9912
Ill.Ccnt.— Dub.A S. C, 1st tl04
Dub. AS. C, -2d Div., 7a
103
113
1883
Col.
Land
38
38
120
84
45
19
107
100 "a
107 108
111
FnuiUngSs. 1890
RAILBOAD BONDH AND MIBCELIiANGUUS HGCL'RITIES.
Pftctllc BBa.— Coutinuil—
1141-2
Union Pa^'itic — lat mort. 118 1181a
5thmort.,ext., 7s, 1888
1
6s, defen-cd
District of ColumhiA—
S'OSs, 1024
Botall bonds
115
coupon, 1803.99
. .
,
8=4
88
Eric—Continued—
Railroad Bouds,
Virginia— 6 s, old
OS, new, 18(10
68, new, 1807.
6h, oouKol. honds
Os, ex.iiiatureil coupon.
68, consul. 2d s(^^lcs
Rhode Island—
,
10<3
73 >9
7*
—
102 V,
112
08,1881
08, 1880
1893
N. Carolina— 68, old, J.it
loan,
10
Aak.-
j
e». old. 18928
Os, now, 1S92.8.19(K)...
6s, new series, 1914
Ohio—
loaii,1802
BliL
Hontb Carolina—
Os, Act Miir. 2.3,1809!
uonlnndaOlc, 1888..
Tennessee—
34
A.itO....
coup, off, J.AJ.
conn, off, .A.AO.
FundluK
Do
113 ".J
114 ".J
Hliuilll)«l& bt.Jo., '80.' llOVj
N'i'w
0«,
08,
08,
08,
08,
08,
A.AO
No. Carolina UB., J.*J.
Mifi.Hoiii'i
61>4
1014
08, old,
SECUKITIES.
Ask.
N. Carolina—C'outlnuiMl-
1K«8
1890
84
Xoaislaua—
78, conaol.,
78, smuU
SECUBITIES.
A8k.
Michigan—
Alabatna—
011188
CII188
SKCCBITIES.
A8lC.
BON'DH.
Western, N.
No price Friday—these are latest quotationa mode this week.
C— 1st,
78...
103
115
110
1'20
107
65
115
113
98
86 Vj
120
165
112
103
64
118
165
125
115
187
117
77
108
691a
36
108
105
118
125"
107
50
118
78
106
35
122
82
018
.
—
.
.
—
.. . ...
.....
THE (3HR0N1CLR
548
Prices of
Bank Insurance, Gas and
City Railroad Stocks.
,
xzxn:
[vot.
Qaotatlons in Boston, Philadelphia and Baltimore.
losurance Stock List.
Bank Stock
JAmt.
COMPANIKS.
Marktd
titut
(•)
PIIICK.
are
PmCB.
j
COMPANIES.
Par.
Par.
Bid. Ask.
NaUmua.
not
Bid. Aik.
50
100
Ajn. Exchange
100
100
2S
iis
85
iis
12S
100
100
25
Chemical
Corn Exchange*
100
25
100
100
100
100
Eleventh Ward*
25
25
City
Continental
100
100
100
100
Firth
Fifth Avenue'
First
-
German American*.
German Exchange'.
75
100
100
25
100
a«rmanla*
Imp. and Traders'.
101)
,
50
50
100
50
100
100
25
50
25
100
50
leather Manur'trs'.
Manhattan*
Marine
Mechanics' Assoc'n.
Merchants' Exch'ge
100
100
Murray
100
100
100
100
Hill*
New York County...
N. Y. Nat'l Exch'Ke.
Ninth
North America*
North Kiver*
100
100
70
SO
25
60
Oriental*
Paclflc*
Park
100
People's*
25
20
50
100
100
Phenix
Produce*
Republic
St.
Nicholas
Seventh Ward
Second
Shoe and Leather.
Sixth
State of
New
Third
Tradesmen's
121
135
ao
100
225
SO
60
Eagle
125
FiremeQ's
Firemen's Trust
Franklin & Emp....
S87
German-American.
lii
128
250
*t Traders'...
Mec]i:miC3'(B'Klyn).
Montftuh (Brooklyn)
Nassau (Brooklyn).,
50
50
50
50
Hope
Howard
Importers' ATr'd'rs
Irvin?
Jefferson
Kings County (Bkn.)
Knickerbocker
Lafiiyette (Br'klyn).
'87
in
Lon? Island (B'klyn)
Lorlllard
Manufac'ra'* Build.
99
M;inhattan
MecU.
Now
New
New
New
!25
102
York Equitable
York Fire ....
York & Boston.
York City
70
110
215
US
ibd
110
100
120
rflb
106
113
120
liiO
iDO
167
115
270
60
300
70
150
162
UO
145
167
80
151
75
81
122
U5
75
85
IJO
200
210
.11
no
96
00
''7)
lYo
80
70
145
105
1150
no
160
171)
I'lO
S5
170
MO
120
112
118
1!"jO
371^ 115
150
35
100
110
160
85
70
18>
11)
231
1)3
193
114
100
100
50
25
25
100
Peter Cooper
People's
20
50
50
50
11)3
120
115
isa
iVo
135
95
M
Republic
100
70
.
Standard
York..
100
100
25
50
100
ISO
125
115
73
113
ii:«
103
110
123
:io
210
.::'
Star
Sterling
40
50
100
100
Side*
100
122
25
25
25
lis
United States
Westchester
1
10
50
Willi«n'!burKCIty..
Chartlers Val.,l8tm.7s.C.,t90l
Delaware mort.. 68, various..
Del. A Bound Br., Ist, 78, 1905
6s
A Providence 7s
lis
Ex
do
^'ebr.6a
Nebr. 68
do
li'SK
Conn. A Fassumpslc. 7s, 1897.
Eastern, Mass., 4xs, new. ... iosj!
Fltchbnrg KR., 68
7s
do
112
Fort Scott A Gulf 78
Hartford A Erie 78
K. Cltv Lawrence A So. 43... 116
KaB.City.St. Jo.AC.B.ls.
122H
Little K'k A Ft. Smith, 78,l8t 117
NewEng.ts.... lova
do
Mexico
7b
Pac. 7?
.
.
Rutland
63, let
.
—
mort
102
f Ittsh.
Ss.
....
A Topeka
n2H
x
Maine
Providence
Cheshire preferred
Chi . A "VV. Michigan ...'....
Cm. Sandusky A Clev
9"^
J3H
Concord
98
Connecticut River
Conn. A Passumpalc
Eastern (Mass.)
Bastern (New Hampshire)..
Fltchhnrg
85
Amount. PeHod
Harlem
Jersey City
Manhattan
&
Mutual, N. Y
do
bonds
Nassau, Brooklyn
do
ftcrlp...
1,000
315,000
26 1,000,000
Peop'e's (Brooklyn)
JUonds
Phlla.
181
Bonds
Var.
50
....
WUllamsburg
do
bonds
Var
50 1,000,000 Quar,
1,010
100
100
,,
do
bonig
Fulton MUDlcl pal
1,000,000
1,000,000
3,000,000
A.*0.
M.&N.
750,000 M.
'ibb
1
50
2K
4N.
1.0001
Apr., 'SI 113
Aug., '80 45
1S9S
!05
H
Feb. '7»
7
7
AP'.,'-! 175
6
Feb., '81 lis
3«
1«
*SH
106
80
I.'i.')
:77H
138
Feb., '81 xlOO 103
1882
2u; Dec.
'80
III
65
10)
101
52
3W May, M!
48
b5
4
»2i«
'81
!«ay,
'76 30
1897
101
H
1900 &c 711
.S
July. '80 CO
2 Jan.. '81 60
6
101
1900
2l« .Tai. '81 53
5
Apr., '81 153
103
8
188S
I 93
»U,
7
.Jai...
98
95
;<5
104
80
6o
65
101
6)
,
160
110
do
pref..
XIH
Rutland, preferred
Tol. Del.
A Lynn
126
A Bur
\V'>rneBterA Nashua
Wlscoa In Central
pref
GO
37
E5
87K
57
900,000 J. 4 J.
1,0}0
694,000 •J. & J.
100 2,100,000 Q-J.
lOO
1,000
1,500,000
•J.
AD.
10 2,000,000 Q-F.
1,000
300,000 M.AN.
100
200,000 Q-.I.
100
400,000 A.&O.
1,000
300,000 J. A J
100
500,000 J. A J.
100 1,800,000 Q-J.
1,000 t,'200,000 .) A D,
100
630,000 F.A A.
Bonds
1,000
250,000 J. A.J.
Dry Dock E.B.& Batt'ry- Stock
100 1,200,000 Q-F.
1st mortgage, consolidated
500&C
900.000 J. AD.
i:ighth Avenue— Stock
100 1,000,000 Q—J.
Ist mortgage
1,000
203,000 J. A J.
St. & Grand St. Ferry— St'k
100
748,000 M.AN.
Ist mortgage
1,000
236,000 A.AO.
Central Cross Town— Stock
100
600,000
Ist mortgage
1,000
200,00) ^!an.
Houst.West St.& Pav.l!"y— St'k
100
250,00;)
lat mortgage
500
600,000 J.'A.f'.
Second Avenue— Stock
100 1,199,500 J.AJ.
3d mortgage
1,000
150,000
Consol. convertible
1,000 1,050,000 VI. AN.
Extension
VOOAc
200,000 M.AS.
Sixth Avenue Stock
100
750,000 4. AN.
1^ mortgage
1,000
500,000 J.AJ.
Third Avenue— Stock
100 2,000,000 Q-F.
.
«d
—
.
.Jan., 'fl!
23W 26
J'lv.l90uli08
Apl.. 'PI 12S
112
ld2
June."8Jjl03>« 108
May, '81 165 170
Nov., '8); 102
UO
Apl., '9'.; 140
150
Apr., '81; 95
100
18S8
102M 105
Jan., '81 95
100
Apl.. '31 114
118
'
1
1)8C.1B02 113
Feb., 'sr HO
1898 jlOO
May, 81 165
June '93 114
Apl., •81 175
Jan.. 'HI 100
May. '81 185
Apr. 'VIS 110
40
Sov.1901 103
40
UO
100
UO
Apr
.
11.3
'hn 100
•ct.. 'HO 105
lent. 'HH 101
Feb.. •81 163
Jii.y. •>K) 110
May, 81 180
luiy. '90 108
Feb •SI 145
May, 'J3 105
lib"
iio
no
;o2«
108
mortgage
1,000 /,000,000 J.A.I.
112
Twenty-third Street— Stock
100
600,000 F. AA.
150
ist mortgage
1,000
250,000 M.AN
112
• ThlB ooiumn shows last divldena on itocfu, but the date of maturity of bandt.
1st
17
2m
—
. . . .
13'.^
pref.
22Si
22%
53
59>i
..-•
MloehlU
Nesquehoning Valley
NorrlBtown
68
UOVt
66Ji
21W'
30H
A
31)3*
"ri
do pref.
do
United N. J. Companies
1895b 19 J
West Chester consol. pref ...
WestJersey
West Jersey A Atlantic
CAKAL STOCKS.
BAl.Ti:nORB.
Delawi.re Division
47«
Morns
do
Susquehanna
13X
RAILROAD BONDS.
Allegheny Val..73-108.189«...
78. E.ext..l9I0
do
Inc. 7s. end.. '9^1
do
Belvldere Uela. Ist m.. 68.1902.
2d m. 6s. '85..
do
3d m. 68. *j7.
do
6a.coup.'^3
68. coup., 'S9
mort. 6s. '89
Cam. Atl. Ist m. 78. g.. 1=93
do 2fi m. cur. 7s, ir74..
Burlington Co. 6b,*97.
Cam.
CatHwlssa Ist, 7a. conv., '82.
A
A
;
M.
AS
68,eiempt,'iS,M.AS.
68,1900,
68.1902,
Q -J
J.AJ
Far.
100
clo
Ist prt^f
do
do
do
2d pref
Wash. Branch. 100
Parkerab'g Br..50
Northern Central
Western Maryland
50
.5i>
60
47 H Central Ohio
Pittsburg A Connell8vtlle..5o
RAILBOAD BONDS.
A Ohio 68, 1335, A.AO.
..
N. W. Va. 3dm. .guar., '85,JAJ
Plttsb.A Conneir8V.'t8,'98,JAJ
Northern Central 68, '85, JAJ
109«
112
112
do
68, 1900, A.AO.
12'J
do 6s, gld,l90l.l, J.AJ.
114^
Cen. Ohio 6s, Ist m.,'9'.i.M.A S.
W. Md. 6s, 1st m.,gr.,'9U,J.AJ.
do lat m.,18»), J. A J...
do 2dm.,gnar., J.A J
ilQOJj UO
do '2d m.,pref
•'"
do 2dm.,gr. byW.Co.JAJ
do 68.3d m.. guar.. J.A J,
I
105H
do
do
UtilaUii,
6s, 1393,
Balt.AOhlo
Bait.
prof...
quarterly.
5s, 10i6,new
Norfolk water, 8s
BAILUOAD STOCKS.
pref
Peansylvanla
Schuylkill Navigation
68, 1SS4,
68,1856, J.AJ
68,1890, quarterly...
6e, park, 1890, Q.-M.
do
do
do
do
do
do
do
do
12«
Delaware
defense, J.A J..
68, exempt, 1887
6a, 1890, quarterly..
5s, quarterly
do
do
do
32
Lebigh Navigation
xn
lBt6a,rg.,'S6
Morrla, boat loan, reg., 1885..
Pennsylvania 6s, coup., '.910.
Schuylk. Nav.lat m.6a.rg.,'97.
do
2d m.68. reg.,190;
Baltimore
o4
OtH
Philadelphia A Erie
Pnlladelphla A Read ng
Philadelphia A Trenton
Baltimore.
Phlla.Wllmlng.
St. Paul A Duluth K. K. Com
*
....
Se, cp,
62^ Maryland 68,
Little Schuylkill
Camden AAmboy
lum
Delaware Division 68, cp.,'78
Lehigh Navlga. m., 68, reg. ,'81
do mort. UK., rg
do m. COQV. g., rt-g.,'!)!
do mort. gold,'»7
do cona. IU.7S, rg.,191I
53K
51H
Har P. Mt. Joy A Lancaster.
Huntingdon A Broad Top...
A
.
Cheaap.A Dela.
pref
pref
do
new pref
do
Delaware A Bound Brook....
East PenHsylvaula
Elmlra A Wllliamsport..
pref..
do
do
Chesapeake
cona. 68, 1909
Weaieru Penn. KR. 6s,cp.'rf.j.
6s P. B.,'96.
do
2l«
CANAL BONDS.
2a
CatawlBsa
do
UO
J uly. '94 102 i,- 106
Jan.. 81
do
W. Jersey A At
Allegheny Valley
BuflSlo Pitts. A Westarn...
P-ef.
do
do
.
.
do 6B,n.,rg..prlorto'9f'
do 4a. various
do
Lehigh Valley...
I
Weat Chester cons. 7s, '91
100
West Jersey 68, deb., coup. ,'83 120
do
1st m. 68, cp.,'96.
119
do
lat m. 7s, '99
RAILROAD 8T0CKB.J
00
ro
21m. 6). 918..
Sunbury A Erie at m 7s, '97.
>*yra.Gen.A Corn*.f,l8t,l6,iynri
53, reg., l<a!-13')2
do
do
do
T^.reg..l9ii'
R'ch.A Dinv.cons.lnt.U.',19 5
iSbamokin V.A Pottsv. 78, 1901
Texas A Pac. 1st m ,68. g.. 1905 107
U9)i
do
R o Grande D v. 108
cons. ra..6s,g.. 1905
do
00
lnc.Al.gr., IS 1915
Union A TItuav. 1st m. 7b, '90.
United N. J cons. m. 68, '94.
Warren A F. lat m. 78, '96
5B,new,reg.,ls»i-19CA
Atlantic
Pltts.Cln.ASt. L. 78, cou., 190C 124J4 125
.
'63
PHII<AI>i:i.PHIA.
Camden A
jPhlla.Wllm.ABalt.68,'84....
,
iSteubenv. A Ind. 1st, 68, 1884.
'Stony Creek 1 st m. 7s 1907..
Sunb. Haz. A W.,lBt m.,5».'23.
17>i
Ve -mont A Massacuusetts.
Norfolk A Western, pref
cojl....
do
do
North Pennsylvania,
Pennsylvania
)
[Quotations by H. L. Geast, Broker, 145 Broidway.]
BleeckerSt.&Fult. Ferry— St 'k
Ist mortgage
Broadway & Seventh Av.— St'k
1st mortgage
Brooklyn City— Stock
Ist mortgage
Broadway (Brooklyn)- Stock ..
Brooklyn & Hunter's Pt.— St'k
Ist mortgage bonds
Bushwlck Av. (B'klyn)— Stock.
Central Pk. N. & K. Klv.— Stock
Consolidated mort. bonds
Christopher & Tenth St.— Stock
1C8H
Phlla.
92
i'n« i32
Old Colony
Portland Saco A Portsmoutl U.o
isi'
133
Pullman Palace Car
50
73
'a;
A
'
115
Jan., '^1 145
Apr.,
51
reg
let m.68,coup..'8. 10i>B
Erie lid m. 7s. cp.,'9S 118
coaB. mo.-t. 6s. 9'20 105Ji
do
81
68,10-15, reg., 1177- '82.
65,l!i-25, reg..!S8J-'92.
4s, reg., 1884-1304
PhUadelphla, 58 reg........;..
Bid.
*
5
7
37^,000 MAN.
123,000 Var,
486,000 F.« A.
1.000
Metropolitan, Brooklyn.
Municipal
Var.
Var.
Va-.
700,000 U.ftN.
100 4,000,000 M.ftN.
10 1.000,000 ;.* J,
Now York
^ewyo^k
2,000,000
1,200,000
60 1,850.000 f.AA..
20
750,000 I. A J.
60 4,000,000 1.& J.
100 2,500,000 U.&8
Vnr. 1,000,000 M.&8
100 8,000,000 Quar.
1,000 1,000,000 F.& A.
Hoboken...
Ifletropolttan
UO
certitlcateB..
Central or
25
20
6s.
,
do
5i,9«0
ro
Newt'n A ^.Y.. 1st m.
Phll.AR. iBtm.68,ex.duel9.0 ,,„
'.y-H
do
IVIO 12}
do
FUatAPerj Marq
do
2d ra.. 78. cp..'j3. 121
91
pref
do
do con8. m.."8,cp.,19.1 i'<g
13214
130
Gulf,
pref
Fort Scott A
do
do
ieg.,li'li
V6
common 93
do
do cons.m.«i,g.ltti;I911 115!^
x t3l4 04
lowaFulH A Sioux CI y
do lmp.m.,6',g„ C. 18»"
li.C. Law. A Southern. Bx.K
do gen. m. 6„g.. C.1'0 94
84 '4 f4J«
Little Kock A Fort Smith
do la. m..l8,coun..'fr96. 80
NianchRBter A Lawrence.
"
do
dib. couD 1'63'
Mar.Iloigh. A O it
77J^
do c up, off, lt9J,
123
128K
Ojt..
pref.
Mar, Il03gh. A
do
scrip.
IS"!
x 116
NahsuaA Lov/ell
82
do conv. 78, R. C, !393'
New York A New England...
do
7s, coup, off, '93
UO
107
of
Hampshlrt.x
N.
Northern
Phll.Ali.CoalAlr'o dcb.78,92'
Norwich A Worcester.
5434
do
deb. 78. COS. off
Ogdensb. A L. Champlaln ... 51H
do mort., 78, 1892-3
do
do
do
do
do
[Gas (juotallons oy ueorge U. Prentiss, Broker, 17 Wall Street.]
Brooklyn Gas Light Co
ClUzenB'Gaa Co (Bklyn)
do
bOQOB.,.
ce
•
Perklomen
Penna.58, g'd,lnt.,reg.orcp
Date.
Tltusv. A B.. 7a, cp.,'96 100
Scrip
o
Penn. Co
8TATK AND CITY B0KD8.
COHPiLItllS,
90
Pa.AN.T.C.A RK. 78,1895....
do
1906 ....
Pennsylv.,gen. m. 68, cp.. 1910
do
gen. m. 68. rg., 1910.
do
cons. m. 69, rg., 1903.
do
cons. m. 6a, cp., 1905.
x 1J2M
Albaay
Lowel;
Heve-e Beat'h
Gas and City Railroad Stocks and Bonda.
OAS
105
do
STOCKS.
Atchison
Boston A
Boston A
Boston A
Boston A
78,1895...
do 21 m. 7s, reg., 1910..
do con. m.,68,rg.,19^
6s,rp.,19^
do
do
Little Schuylkill, Ist m. 7«,'SJ
N. O. P.c. Utin..68. 1920....
North. Penn. 1st m. 6i, cp.,'85. 108H
do
2dm.;«,cp.,'96.
do gen. m. 78, cp., 1903. 121
do gen. m. 78, reg., 190? 127
do new loan t8,reir .. 125
Oil Creek Ist m. 7s, coup.,'8i. 101
mm
'JgdeuBburg
VermontAMass. KR.,68
Vermont A Canada, new
m.
cons.
<0
do
Ss, 1395...
IthacaA Athens Ist g d, ;s.,'K)
Junction l8t mort. 6h, '82
do
2d mort. Ss.lSjO ..
Lehigh Valley. I8t.6s.cp.. 189t
do
do reg., 1893...
119X
...
adm.f t.»crlpg.,7e
do
do
A So
1!7«
A Lake cu.6 •.
98>«
Inc 63
do
01dColony,78
Vlii'4
Old Colony, «8
120
119
Fueblo A Ark. Valley, 7s
New
125'
East Penn. 1st mort. 78, '88
El.A W'msport. ut m., 'Jb, '60.
do
5B.perp
HarrlBhurgl8tmort.68. '83...
H. A B. T. Ist m. 7b, gold, '90.
iBtm. 78, IJ. g.'89 121
do
do
2d m. 78, gold, '95. 113
.
A Mo., land grant 78
NewTorkA
120
.
75
Relief
100
127
.
95
50
25
100
15
80
50
100
25
50
50
100
30
20
40
50
100
25
50
25
100
100
25
50
08
Hamilton
Hanover
118
100
40
100
30
60
17
10
100
100
50
Globe
iVo*
va
IX
.,
10
new78 1900
Connecting 68, 190O-I904
ma
M
Barl.
100
100
100
United States
West
City
118
Boston A Maine 78
isoslona Albany 7b
do
Boston A Lowell 7t
'88
18»<
land grant 7s
land me. SB..
do
do
Bid. A.ik.
Catawlesa. chat, m., lOe,
A Topeka ist m.7s..
&tch.
Boston
161
SSOTTBITIS8.
BOSTON.
do
200
220
300
17
20
70
100
35
163
155
108
100
2fl
50
Metropolis*
Metropolitan
Mount Morris*
American Exchange
2.'!
SO
BO
Gallatin
sacmBiTiKS.
[Quotations by K. S. Bailev, Broker,
No. 7 Pine Street.]
Por thare.
Mar.
A
Cln.
is, '92,
F.
AA
...
2d, M. A N
do
8a,Sd,J.AJ
do
Union RB. lat, guar., J. A J.,
Caniou endorsed.
do
—
Mat
5
THE CHRONICLE.
21, 1881.]
—
Avwa^ie amount of
—
Week or Ho.
1881.
Ala.Ot. Southern. April
li>38.293
Atl.Ml88.& Ohio. April
Bo8t.& N.Y.Air-L.M^roU
Bar.C.Kap.&No..l8twl£Muy
173,000
23,066
30,079
Banla.
r-Jan. 1 to latett date.—
1880.
1881.
1890.
$45,311 $'240,580 $100,801
687,200
143,100
637,343
63,321
23,923
65,171
Latest eariunfft reported
.
. .
710,815
118,685
5,001.2.'>5
623,778
2,322,014
4.577,128
384.138
393,323
3.748,989
4,942,613
489,221
450.247
239,847
694,637
313,132
May
••
"
"
"
"
14...
16...
17...
IS...
19...
20...
Total
Coins.
824,450
9,369,647
970,491
3,452,227
1,610,012
1,426,112
23 2,253,539 61
20 10,023,681 26
48 1,233,807 12
84 2,197,593 29
04
894,969 38
79
926,981 3t
65.937,485
65,881,172
63,603,723
66.281,731
66,931,013
67,176,383
1,855.000
706.000
877,000
1,800,000
3,000,000
4.H10.700
911.000
81)2.000
America
Phosnii
1,000.00(,
«.5«;t,300
3.0 12.001
City
1,000.000
1,000,000
600,00(
O.MT3.500
3.1H1.I00
857.900
82.000
189.000
98.000
30o,oo(:
13.270,400
8.590.500
810.000
8,414,100
407,200
890,100
4,148.000
0^5,400
580,000
849.2O0
I48.O00
17,000
749.500
188.300
819.i00
3,-43.000
B.SOO.OOO
1.094,800
Tr.
St
l2,74:l.(lOi
Commerce
l3.M07.1«)!
Metropolitan
3,000.0(XI
....
Citizens'
800,000
Nassau
Market
1,000,000
800,000
500,000
500,000
NlcholHB
Shoe k Leather..
Corn Kxchiinge..
Continental
St.
Oriental
Importers'
Sl
400.000
1,500.000
2,000,000
500.000
Tr..
First National..
6'Jfl,500
20.40(1. IIX'
8*6,700
214.000
567,400
319,800
578,000
206.000
2,811,300
24,100
922,000
5.085 3(X)
8.223.500
843.000
21.000
142.400
3.979.800
94.701^
1.026,80(1
8,210.000
1,139,000
l.lf.'S.OOO
803.1 POO
208.000
533.500
1.123.400
1
'.•.010.200
l.fl-24.500
8.^1.200
042.800
3,l:l8.C00
5.'n«,100
1.034,000
1.5,057,000
6.7O2.40C.
3,.32 1.100
..
N. Y. Nat. Kxeh..
300,(K)0
1.424,500
Bowery National
N. YorkCounty..
250.000
200,000
750,000
800,000
100,000
1,5'SR,700
Qerm'n Amerlc'n
Chase National..
Fifth Avenue...
Serman Bxeh.
Uermanla
800,000
Tr,»nl
863,98/i
<10.R7.'i.900
! 1
7.7110.9
120.837
9.300,313
103,587
Iioans and discounts
Specie
Lexal tenders
797,357
The following
467,791
224,288
2,096,008
841,177
38,191
1,033,970
100,522
332,818
887,219
S.528.10C
12.736.»0«
4,770,000
5.401.50C
2.404.900
•>••>•
i.i3V.eMi
880 JOO
8S8,10ft
3,214300
I.IUMO
8.333.800
1,83».10«
2,885.000
7,978,900
2.759,000
12.878,000
411,000
0.4100
8, 1(-3.000
2.4',0.100
2,836.100
1.C79.80C
3.489,000
2.S'22.000
789.800
445,000
2,250,000
265.100
3«)0
3?*^
443.000
480,000
4.60O
7«.aoo
IM.OOO
7.114,000
1.898.200
S.808.000
S-Ji.OOO
2ii.48O,70O
1.098,000
884,900
22.I9I.10C
8TP.40P
943,100
43,000
70.8.500
221.700
810,000
1,183.000
43.000
804,900
480,000
15..S0.
117.10,
441.-00
08.300
3.53.00'
8«8.90(
81.801
214.801
20.359,100
8.511.000
3.863.000
5,471,100
17,123.300
6,433.100
1.148,300
1,370,000
1,635,:00
2.317.400
4.558.800
50.00i<
1.9C5100
71,900
148,70J
1,440,500
1,388,300
43j00O
......
286,700
223JMa
180.000
9I3C0
•
....»
W.887.70'1 17.13l.l'«i 310,818,400 18.596,000
>
Inc. (8.)>80.90O Net deposits
Inc. 3,j4I,20O Circulation
Inc. 1,109,5001
Inc. (11,784,50
Dec.
67,3Ca
1
|
are the totals of the New York City Clearing^
for a series of weeks past:
Loans.
Specie.
L. Tenders.
1881.
«
«
(
11.... 293.959.800 53.93:1.200 12,579,900
18....293,3i2,600 53.877,800 13.318,400
24.... 292.417,900 57.080.000 13,3i)ll,900
31 ,,.297,756,700 58,047,900 12,798,800
1881.
Jan. 8.... 304,080,801 61.948.900 13,817,400
"
15.... 302.864.300 83.10:i.500 15.830,100
"
22. ...307.8)9,600 60.4.84.100 18.893.800
" 2B....310,6i2.'200 6(l.'2O4.100 lT,287.9O0
Feb. 5. ...318,002.900 0-,0ii3,7iX) 15,9.(7.1500
••
12. ...817.139.100 67.800,000 15,540,000
" 19....8'20.807.300 83.819,000 14.887.800
" 28....3ie.5S4.400 58.074.200 15,048,000
Mar, S.... 298,185,400 54,804,100 13,289,200
" !2....296.'i52.900 55.S0».(K)0 12,466.800
"
10.. ..,300,177.300 51).5Si.iiO0 12,241,200
" 26.... 300,622,000 5-.IKW.IW0 12.934.500
April 2 ...300,'288,100 67.611.000 12,710,500
«.... 305.214.400 80.129.600 12.472.700
" 16.... 3116,383.400 62.~19.300 13,428,600
•'
23. ...305,717,600 08.804.200 14,«18,.;00
" 30.... 304.4.33.200 «B.2'ill.4'IO 13.784.700
May 7....310,850.i>00 7.!,316,500 18,021,600
" 14.... 317,730,900 7l),88r,700 17,134,100
Deo.
"
"
"
4,320,482
39
6.278.096 32
0.270,227 67
6.846.833 33
6.8.35,817
Boston Banks,
Circulation. Agg. Clear
Deposits.
^
»
«
266,385,200
207.029,900
287,068,0')0
272,488,000
1«,485,200
18.474,400
18.431,100
18,408,200
910.101,848
974,074.998
804.5'22,748
817,931,113
18,488,8001170,878,986
283,787,700
292,378,800
298.931,900
302.512,300
18,4'25,000 1170,899,30a
13,315,500 1224,919.18a
935,489.473
18,383,300 1048,396,»l!t
18,332,300 »47,8ia,071
l.i.23 1,500 lI05,4B3.8a!V
18.181.600 1143.978.545
15,418.500 1241.030.579
15,466.100 ;020,907.9(13
18,.330,700
3I7,09:.<'00
307.921, 00
307.718.100
296,5l7,a)0
274,44.i.rt00
271,88-<.800
277,931.800
15.-.-l,100
18,8:10.500
273.588.r)00
275,493,400
282.788.500
288,821,100
292.633.000
18,713.500
18.709.000
bl'2,a03,681
774.684.705
950,448.299
815.0,<M,482
lll,s.s0.200
724,179,359
W8.883.386
294.5:36.300
17.217.400
IS.800,100
305,033,000
318,818,400
18,596,900 ;078.332,0fl5
—The following are the
879,882.835
18,884,'iOO 1144.476,78a
totals of the
Bostoa
banks for a series of weeks past
6,900,618 15
7,166,479 45
Loiins.
1881.
*
Feb. 14..
152.104.500
133,499,800
150,723,800
149.351,400
148,629,900
143,529,000
21..
28..
"
Mar.
••
— 995i® par.
— 93 ® — 95
— 89'4» — 90
Do uncommerc'l. — 87 'W — SB's
English silver
4 72 ® 4 80
Plus. sllv. thalers. — 68 ® — 69
U. 8. trade dollars — 99>4® — 99S8
U. S. sllverdollars — 99''8a par.
7..
14..
21..
88..
"
"
Apr, 4
" 11..
.
"
18..
i5..
"
May
'•
•
8..
9..
16..
1411.111,000
147,551,200
148,889,000
140.129,200
148,037,100
147.667,400
149.674.900
150,330,500
Specie.
L. Tenders. Deposits.* Circulation. Agg. Clear
t
*
*
*
t
7.776.OC0
31,197,200
2,835,100
97,127,100
77,501,141
97,219,100
30,785,700
83,747,538
7,287,700
2,549,400
6,007,900
2,498,300
93.092.400
80.210.200
71,980,430
6.171.000
2.487.400
8-.80-l,400
29,813.900
83,849,374
2.),811.900
5.5:13.400
2.470,700
83.772.500
70.117,775
5,760,100
2,532,300
85.068,900
2),8r5,«00
09,634.123
85.468,100
5.842..300
2.793.700
29,975,500
88.840.882
5,846,200
2,670,000
83,828,900
30,133,800
69.096,257
5,607,100
2,4-«,300
88,939,800
30,282,700
70,463.791
8,084,800
2,434,400
81,680,300
30.461,400
70,106341
6,.592.000
2.789,100
90,121,300
30,8^4,300
77,563.231
6.643.'200
3.027.700
91,451.000
30,622,000 80,149.257
8.744.400
3.117.300
05.954.900
30.7:10,600
95,227,824
6,843,100
3,039,100
96,911,700
30,93J,900
85,403,847
Includinf; the Item "
due to other banks."
Philadelphia Banks.— The
—Messrs. Lummis & Day, 35 Dreiel Building, are oflfering
for sale a few of the Houston & Texas Central Railroad general
mortgage 6 per cent gold bonds, running till 1921. The bonds
of this company are well known in our market, and some of
them have recently advanced very sharply.
totals of the Philadelphia
banks
are as follows
Loans.
1881.
«
74.937.164
Feb. 14
••
••
Mar.
••
Wall Street, are
offering $t>00,000 of the 7 per cent first mortgage gold bonds of
the St. Louis Kansas City & Northern, Omaha Division (now
Wabash St. Louis & Pacific), and as the bonds run forty years,
and belong to a section of a prominent trunk line, they are
apparently entitled to rank very high.
174JMO
ll. 865.000
74.800
803.000
84,000
148,J0O
340,800
i
407.700
198.700
JMl.TOO
House Banks' returns
"
&
2,0)yl.9O0
1.I1O2.3O0
1,1.71,001
The deviations from returns of previous week are as follows
Silver J48 and las.
Five francs
Mexican dollars..
—Messrs. William Alexander Smith
02.1
8.588.900
1 19,800
187.,'KK'
1,524,000
224.500
20.000
61.40C
409,100
907.100
437.410
87.010
1,*)3.100
2,487.800
4.050.900
1.851,000
1,313.700
1,108,500
2o;i,ooo
..
aejoo
23H.I00
872,000
249.900
500,000
1,000,000
Third National
762,603
721.711
7,765,679
4,193.557
677.673
797,315
1,080.679
562 3.J8
52.949
8.700
471.«0O
829.9X1
1.051.200
S.139.000
10.054.900
780MO
9-26.400
1,419,800
4.000.00c
1.974.800
1. 450.300
92S,J0C
2.998.80C
2,95»,1)00
3.5i<1.100
1.100
•87,000
5'3,900
2.Wfl.0<JO
5.8i0.ttOC
«
..
14. 005.000
15.180.000
2.oi-.ioe
2.782.400
2.86J.20C
1.WH7.800
1.000,0110
300,0(K)
.
saoA»
270,eoo
845,200
102,800
63,100
185,000
183,200
158,000
120,100
712.000
847,900
224,500
84,800
845.200
202.800
280.300
; 17,700
183,000
093.8*,
323,700
405,000
8,0(1<..10(J
3.8111.000
493,000
11.4,11.41)0
ll«),2O0
841.500
OtreuUtimu
V. 8.
8,762.000
B.421.900
6.963.HO0
8.518.O00
4,321,000
8,243,700
3t)9,00C
«81..500
1.3U7,BOO
Vlvin,
2S7.000
1,215.400
8.«'J«,90C
1.000,000
Park
Mcch. BkK. Ass'n
North Hiver
.240,0011
Bast Uiver
250,000
Fourth National. 8,200,000
Central Nat
2,000.000
Second Natlon'l.
300,000
Ninth National..
750.000
570,953
279,692
295,714
2,711,166
411,159
70.840
126,203
0.019.700
5.3;«,000
2.481,800
5.420. 40C
8,004.500
422,700
1,500,000
450.000
412,800
700,000
1,000,000
800,000
UanoTer
530,357
398,972
8.4IW.50(,
5,000.000
1,000,000
1,000,000
lrvin>c
1,732,591
810,341
1,173,382
1,826,822
4.631 60(
l.HNO.SOC
1.017,0IX
WHS.OOt
3.4I3.KO(
HOl.lOl
aoo.oof
200,000
eoo.oco
People's
3,2.37,331
3.1)22, ;ot
Seventh Ward...
800,000
Blateof N.York.
800,000
American Bxcta.. 5.000,000
North America.
531,630
1.77H.201
1,000.00c
1,000,OOC
300.00C
Chatham
—The following are quotations in gold for various coins:
$4 83 ®$4 87
Napoleons
3 82 -31
86
X X Reiuhniarks. 4 72 ® 34 76
X Guilders
3 92 ® 3 98
Spau'hDoa'bloons.15 55 ®15 75
Mex. Doubloons.. 1 5 50 •815 60
Fine silver bara
1 I2J4® 1 13
Fine gold bars
par ® 14 prem.
Dimes * la dimes. — 99>33i par
3.5i:).5O0
l,4t3,n.K)
7.222.001
Broad war
17.032,941 63 17,554.490 20
Sovereigns
{,002.000
7 402.2IK
7.500 ;)0(.
2,000,00<.
Uercantile
PaclHc
Repnbllc
Currency.
54
67
68
57
19
35
«,2:>0.000
2.050,00(
a.ooo.iKx
Mechanics'
Balances.
Coin,
2.000.000
Mechanics'.
Greenwich
667,513
87,000
266,547
339,170
377,659
Temlcrf,
Manhattan Co...
MerchanlH
Gallatin Nation'!
1,382.043
149,006
W<t d<pfs
Ltxd
BsttA*.
(few York
Tradesmen's
Pulton
Chemical
Merch'nts' Exch.
U. S. Sub-Treasnry.—The following table shows the receipts
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week:
Payments.
Laaru and
diKounti.
.
Receiptt.
Cariua.
.
Sl.S.W
601,570
146,137
5,!)35
8,650
Cairo & St. Louls.letwkMay
6,574,125
1,874,000 1,356,716
Central PaclUo.. -April
.57.^,410
228, 4Sl
222,762
Ches.&OUlo
March
ChloaaoA Alton .iBtwk May 101,168 131,512 2,134,6!'5
1,418.149 1,732,518 3,760.9)8
Chic. Burl. &Q... March
-— —
549,903
22,9«!»
26,960
Chic. 4 East. 111. .2d wk May
50;i,129
24,907
21,826
Chlc.&O.Trt.Wk.eud.Mayl4
239,173 4,481,000
Ohio. MU.&St. P.2dwkMay 317.000
1,454,301 1,294,573 4,937,029
Chic. A Northw. .April
35.002
20,722
648,497
Chlc.St.P.MIn&O.lstwkM.iy
19,380
328.197
St.Paul&S.City.lstwkMay
26,850
Chic. & W.Mich.. 3d wk Apr.
21,951
14,761
273,272
692,935
CIn.Iud.St. L.&O.Ai)ril
175,484 168,199
" 4- BprinKt.
~
341.622
Cln.
18.131
16,299
..2d wk May
71.257
Clev.Col.Cln.4 1.2d wk May
69,073 1,408.996
7,123
140,111
Clev. Mt.V. ADel.lstwk May
7,725
Denver & Rio Or 2d wk May iir).2.)8
41,938 1,683,793
5.2G9
DesM.&Ft.Dodi{e.lstwk May
3,868
103,873
107,267 108,431
205,226
Det. Lan8.& No.. March
Dubuque&S.City.lstwkMay
19,709
14,101
309,823
Eastern
February.. 192,10,5
175,345
390,748
East Tenn. V.4 G l.st wk May' 20,500
26,300
Flint* Pere Mar.lstwkMay
36,700
28,861
620,077
Oal.Har.& San A.lst wk Apr
19.437
17,317
GraudTrunk.Wk.cnd.Apr.30 215,200 181,138 3.473.119
Gr't Western. Wk.cnd.JIavl3
93,158
87,213 1,930,773
Hannibal* St. Jo. 1st wk May
0ti9,704
28,843
44,500
Houst. & Texas C.2d wk May
53,738
31,903 1,389,531
Illinois Cen. (111.). April
481,708 412,030 1.817,913
Do
(Iowa). April
Io0.3,j3
123,702
443,868
Indiana Bl. & W..lst wkjMay
25,895
21,953
405,333
Ind. Dec. & 8p... April
41,220
31,917
146.871
Int. & Ot. North. .2d wk May
41.0SI
22,830
882,767
K. C. Ft. S.cfe Gult.March
89.819
116.2G9
326,994
I-ake Erie & West.Ud wk May
20.433
10,334
428,259
liouiev. & Na8hT.2d wk May 123,700
141,000 3,793,283
Memp. & Charl. .2d wk May 20,000
13.532
459,936
Memp. Pad. & No.lstwk May
4,040
2.736
80.896
Mil.L.Sh.A West. April
43.777
30.316
149,231
Minn.& St. Louis. 3q wk Apr,
19,193
7,243
Mobile* Ohio.... April
162,027 140,091
83 i', 41
Nashv.Ch.&St.L. April
155.460
183. .''>25
760,244
N.Y.Cent.&Hud March
2,668,250 2.854,835 7,360,426
K.Y. I^Erie* W.March
1,817,261 1,614,958 4,716,463
N.Y.&N.Eujil'd. April
212,869 179.689
788,251
N.Y. Pa. & Ohio.. February.. 389,125 394,980
811,033
NortheniCentral. March
432,900 415,325 1,221,719
Northern Paciflc .2d wk May
64.024
49,138
683,813
Ogd.&L. Champ. February..
22,747
23,268
48,170
Oreg'nR.Nav.Co. April
373.800 334,125
975,652
Pad.&Elizabetht.lstwkMay
9,173
6,626
179,729
Peunsylvaula
.March
3,844,304 3,278.186 10, 129. 133
PeorlaDec. AEv.lstwkMay
13,792
7,319
187,903
Phlladel.* Erie.. March
285,.573
327,678
735,377
Phlla. & Reading. March
1,600,368 1,489,389
8t.L.Alt.<fcT.H. ..2dwkMay
27.539
19,965
538.528
Do
(brehsJ.lstwkMay
10,310
10,818
239,404
Bt.L.IronMt.&8.2dwkMay 121.900
91,133 2,602,930
Bt.L. ASanFran.2d wkMay
,62,984
38,600 1,033,732
Bt.PauI&Duluth. January...
39,915
38,191
39,915
8t.P.Mlnn.&Man.2d wk M.ay
83,300
63,600 1,323,558
Scioto Valley
2d wk May
5,018
5,003
111,623
South Carolina. ..March
130.841
91,594
366,796
Texas & Paciflc ..IstwkMay
02.384
33,022 1,179,335
Union Pacinc... March
1,657,570 1,735,509
Wab.St.L.&Pac. IstwkMay 222,748 240.677 3,996,300
Wiacona luCent...3 wka Mar.
46,930
63,126
" Including Sclnia Rome & Dalton.
.
519
New York City Banks. The following statement shows
condition of the Associated Banks of New York City for tha
week ending at the commeucemeat of biuineas on May 14,
1881:
Railroad Earnings.—The latest railroad earnings and the
from Jan. 1 to latest dates are jriven below. The statement includes the gross earnings of all railroads from which
The columns under the heading
returns can be obtained.
" Jan. 1 to latest date" furnish the gross earnings from Jan. 1
to, and including, the period mentioned in the second column:
totals
.
:
:
.:.
••
Co., 40
21
28
7
1',
21
•'
83
Apr. 4
'•
"
"
,
75,.35.5,21')
11
18
•.
78,791,948
71,001,851
70.663.787
70,863.874
10.176.265
70,280,003
71,181.796
7'2,S03.791
May
23
2
9
73.435.827
74.253.494
••
IB
74,801,5;8
75,10,1,008
L. Tenders.
$
Deposits,
20,031,487
20,409.987
67.430.318
67,381,537
68,612.888
61.749.924
61.752.081
61.000.176
18,183,l'i8
16,875,724
17.179,491
17.838.697
$
17..3S0.152
81.17,1,413
17.573,378
18.805.372
18.914.806
19.281.008
19.606.525
18.906,813
19,431,116
82.456.358
63,771.480
67,659,331
67.331.923
68.873.683
6»^.027.3(/»
88,809.103
{^irculalfon.
«
12.130.740
l•^,'.99,714
10.334 830
9.876.77«
9.951.033
0.996.283
10,006,708
10.105,592
10.145.128
10.131.981
10,123.556
10.284.808
10,473.543
10,334,183
Agg. dear,
(
47,581.826
51,286,010
51.724.ti6«
59.6<M.47»
48,030,201
47.595.115
45,239,30«
53,340,456
48.057.837
44.097,18a
5<.ne0,874
4e.I5S.((lU
58.073.475
51.5
.
:
•
IHE
550
(.^HRONICLE.
"
%nvtshntnX5
The IifVESTOBs' ScppLEMESTT contains a complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
of Railroads and other Gompanies. It is published on the last
Saturday of every other month viz., February, April, June,
August, October and December, and is furnished without extra
charge to all regular subscribers of the Chrosicle. Single copies
^»re sold at $2 per copy.
—
ANNUAL REPORTS.
Denver & Rio Grande.
year ending December 31,
1880.)
The annual
report for 1880 is just out, and it supplies the
most comprehensive information about this great narrow gauge
railroad tnat has yet been given to the public. The report flrtit
touches upon the history of the company, and gives the lines
completed up to July 10, 1878, amounting to 337 miles. The
subsequent litigation and contest with the Atchison Topeka &
Santa Te is then reviewed, and its termination under the ten
years' compromise agreement, which has been fully given in
the Cheonicle.
The report of the President, Mr. Wm. J. Palmer, then continues
"The Denver & Rio Grande Company, free again to continue
its work, has since (up to April 14, 1881) completed the follow:
ing extensions, viz.:
117'.5 miles.
From Canyon City toLeaclville
16 miles.
From Leadvillc to Eobinaou Mine.'
9'6 miles.
(Le.idville
Jiinctioii)
toward
Kedollff
From Malta
From '.South Arkansas' to Silver Creek, on the Gunnison
13'5 miles.
exteusiou
7 miles.
From Poncha .Springs to Maysville (Monarch Mines)
335 miles.
From Canyon City to Westcliffe
5'3 miles.
From Colorado Springe to Manitou
The San Juan Division, from Alamosa westward to Amargo 11G"2 miles.
The New Mexican
Division, from Autonito (the junction
28'7 miles south of Alamosa) down the Elo Grande to
E8p«anola, '25 miles north of Santa Fe
CoaJ, stone and spur tracks
91'2 miles.
The road earned
11
Less expenses
miles.
420-8 miles.
Total
" in
miles have already been completed, of which
347"5 miles were laid during 1880, and 73'3 miles in 1881 up to
date, making the grand total of constructed road (to April 14,
1881) 757'8 miles. In addition to the above, work is being rapidly carried forward on five extensions.
all 420'8
E.4EXINC.8
AND EXIENSES FOB 1880.
Earnings.
Ex}>enses.
trausport'u.
Freight—Ordinary
$2,238,053 Conducting
Government..
79,944 Motive power
Contraclors
Passengers— Ordinary
.
U.S. troops.
Express....
United States Mails
Sundry
Gross eaminES
Net
Miiiutenance of cars
93,459
924,348
20,682
92,817
23,048
5,712
..
Maintenance of way
Geueral expenses
Gross expenses
$407,200
527,300
111,506
667,173
54,424
$1,767,605
$3,478,066
$1,710,561
earnings'.
" The growth of the railway from its commencement, both in
«amings and mileage, is best shown by the accompanying
table
E.VRNISGS
AKD EXPENSES FOB NINE TEAES ENDING DEC.
31, 1880.
Avemgt
Gross
Tear.
Earnings.
1872
1873
1874
1875
1876
1W77
1878
$301,110
392,653
SJX.WS
363,095
450,118
622.792
1,096.517
903.622
3,478,066
1879-'
1880
Operating
Expenses.
$197,092
197.124
195,620
208,067
271,7-29
the means for meeting such extensive orders,
in excess of anything previously contemplated, the company formed a rolling stock trust, by means of
which the payments are distributed over a period of ten
years." * * *
" The power of our narrow gauge locomotive engines and the
carrying capacity of the cars have been gradually enlarged,
until at present the standard weight of our freight engines for
mountain service is 35 net tons, of which 32 are on the eight
driving wheels. For ordinary grades, say 7.5 feet or less to the
mile, the standard freight engine weighs 30 tons, of which 27
tons are on the eight drivers. The weight of passenger engines
is 20 net tons, of which 14 are on the driving wheels.
The load
of the freight cars last adopted is 15 tons of heavy weight, and
of the passenger cars a seating capacity of 44 persons." * * »
" The progressive policy as regards extension has been deliberately adopted by the managers, and is a recognition of the
exceptional conditions which exist here and which we may
briefly review.
At a great many different points throughout
the mountains, active prospecting has led to the discovery of
mines which a few years ago would, from their importance,
have been published abroad and all over the countiy, but which
now, owing to their frequency, are rarely made known outside
of the circle of those who are immediately interested as owners
or expected owners, or of those whose business it is to keep
posted on such matters. The revival of business activity
throughout the United States, and the abundance of capital
which can be obtained for legitimate enterprise in any direction, has caused the opening of good mines with great rapidity
* * *
wherever they have been found.
" The contest for the Grand Canyon was in reality a fight
for the gateway, not to Leadville only, but to the far more
important, because infinitely larger, mineral fields of the
Gunnison country, the Blue and Eagle Rivers and Utah. Again,
the line known as the San Jnan Division of the Denver &
Rio Grande Railway, and especially that portion of it extending
from Antonito to Chama River, has been constructed in spite of
unusual natural difficulties. The result, however, is that a line
of easy gradients (not exceeding 75 feet to the mile going westward), has been obtained as a means of transit to and from the
San Jnan country, Northern Arizona, Southern Utah, and ultimately beyond."
furni.sh
which were largely
STATE, CITJ AND CORPORATION FINANCES.
(^For the
To
[Vol XXXIl.
Net
Earnings,
$104,06/
195,529
182.437
155.028
175,388
357,160
473,061
S0S.875
265.632
623.455
594,746
1,767,605
1,710.461
$4,321,079
$3,665,011
miles
operated.
jOO
158
163
167
240
2933
308
337
474
in the last six
mouths
$2,411,238
1.197,544
of 18S0, gross
Net
$1,213,693
Against earnings for the
year as follows, gross
Less exi)enses
fii'st
six
months of the
$1,066,823
570,000
496,767
Net gain
$716,925
An increase in gro.ss earnings of 136 02 per cent and in net
earnings of 144'32 per cent. At the present date, April 15,
757 '8 miles of road are completed, of which 683 9 miles are
open for trafiic. Before the close of the present year the completed line is expected to exceed 1,000 miles. The large ties
and 40-pound steel rails for a third rail to carry standard gauge
cars between Denver and Pueblo were contracted for in November and December, and will be laid during this spring and summer. For all requirements of the Denver & Rio Grande Railway Company in respect of capital needed for future construction, it is the policy of the company to apply to the stockholders
of record at the time of such application, who will have
preference for the bonds or stock, or both, as the case may
be, in proportion to their holdings.
IXCOIIE ACCOUNT FOK 1880.
Dr.
$1 ,865,7801
Dec. 3 1— To operating expenses year 1880
To interest on bonds paid year 1 880
$778,639
To Interest on coupon certiflcates iiaid
year 1880
70,620
To interest, exchange and discount 1880.
21,360
To additional construction 1880
126,976
To adiUtional eiiuipment 1880
77,923—1,075,525
To balance trausferred to credit of iiroflt and loss
account. Iieing net suriilus over all charges for
yearl8S0
537,687
$3,478,993
$7,986,090
*
For
flre
months and twelve days
"From December
Dec. 31 -By gross earnings year 1880...'.
$3,478,066
By iiisurauce received on ears destroyed
only.
;
early day for the acquisition of the following rolling stock
KOLLIXG STOCK.
Box
Eeceived
<larina 1880.
go
for passenger service
cars.....
Flat and coal cars
rStocKcars
Cabooses
-Coustruotion cars
by
13,1878, to June 10, 1879, the road waa
operated by the Atchison Company. From June 11 to July 15,
1879, it was operated under the Receiver appointed in the interest of the bondholders.
From July 16 to August 14, 1879, it
was again operated by the Atchison Company. From August
16 to April 4, 1880, it was in the hands of a Receiver appointed
by the Court and not until April 5, 1880, did the company
resume permanent possession. The earnings for 1879, shown
in the above table as §903,622 28, only represent the receipts
for five months and twelve days, the revenue received by the
Atchison Company during the first part of the year not being
included or known. In view of the large increase 'in trafiic,
which was clearly foreseen, arrangements were made at an
Loeomotives
Cars and coaches
Cr.
24S-8
65
710
900
100
26
54
927—3,478,993
fli-e
$3,478,993
GESEB.iL BALANCE SHEET DECEMBER 31, 1880.
Resourees.
Cost of construction, equipment, real estate, shops, shop
macliiiiery, tools and api)liauces, as per general books
$34,945,950
this date
1
102,562
Materials on hand in shops and storehouse
432
County and town scrip on hand for payment of taxes
245,419
Cash in banks at close of business this date
$35,294,365
Liabililies.
Capit.ll .stock is.'-ued this date
$16 ,000,000
mortgage bonds, due 1900
Consolidated mortgage bonds, due 1910
Colorado mlling stock trust
Philadelphia & Colorado equipment trust
Ten-year coupon certiflcatis unpaid
Bills payable
7 ,422,500
9 ,975,500
,250,000 ,
286,000 \
2,432
10.330
First
:
Total
in use.
101
89
1,043
1,424
150
38
64
,
Unpaid couiions
$649,086
Balance due other companies
560,889—
Less due from other companies
Balance to credit of proUt and loss account, Dec. 31, 1880.
717
88,197
258,668
$35,294,365
—
:
Mat
;
THE CHRONICLE.
31, 1881.J
551
This comparison shows an increase in gross earnings of $200,Geoi-gia Railroad & Banking Company.
440, and in expenditures of $188,993. llie increase in expendi{For the year endiny March 31, 1881.)
tures is largely due to the improvement in equipment. During
AVith the regular annual report for the year ending March
the year there were built 170 freight cars, purchased 8 con31, 1881, is Issued a supplemental report referring to the recent
ductor's cars, 2 sleeping cars, paid for 4 paasenger coaches, and
lease of the road to Mr. \V. M. Wadley and his associates. Mr.
purchased 3 new freight locomotives of larg« capacity. There
C. H. Phinizy, the President, gives the terms of this lease subhas been expended in the extension of the elevator building,
stantially as follows
" The terra for which the lease is made is 99 years from machine shop and ear shop, $22,583. The large increase in the
volume of tonnage also necessitated the movement of a large
April 1, 1881. The annual rental stipulated is $600,000, payable
number of trains, thereby adding materially to expenses. At
in two equal semi-annual instalments. The privilege of using
the same time the revenue has not increased in proportion to
the Georgia Railroad and its branches and our interest in the
the freight. The mile tonnage for the year was 49,961,644 tons
Western Railroad of Alabama, and all our rolling stock, is .„.„„-»„-,.
, "..
r
„o- ,,.,,
an increase
granted by the lease. The right to collect the income of our *? *f.*"^* ^"'"^.'•^^''.'""^fo'" *"« P"""^^^^
'''''"' '''"' ''°°''''« ''^'''"^ »"»
Stock in the Atlanta & West Point Railroad, in the Rome Rail- ,?f ^* ^^ Pf ''T '.^^'i" "*" 'f'^^^l''
''en^^
The average rate for carrying
road, and in the Port Royal & Augusta Railway, and to vote i^^.Ff^;!*,'!"?'^ ^•^'f'^ P«'
'•>« previous
-P"/ *''° .P®.'" ^''^- ^^'^
those stocks is granted to the lessees. The title to all the „ '^rj**'
"r?,?'."
'^i*'"
property remains in the Georgia Railroad & Banking Company. lt^}'J *^ "'"'.•. ^"''^ !" "i"**. P"ncipally to a reduction in rates
by
the commission, and partly to the low rates at which compeBesides the rental, the lessees pay all taxes except the charter
tition forced this road to haul through freight.
tax on net income, and pay also the interest on the Western
" We have received the usual dividend of 8 percent from
the
Railroad of Alabama bonds. The lessees are to keep and return
A. & W. P. RR. Co., $10,500 from our investment in the Port
the property in flrst-class condition. The lessees indemnify the
Royal
Augusta
Railway
&
Company,
and
|8,936 from the Rome
company against all claims for damages on account of the use
Tho lessees deposit .'?1,000,000 of Railroad."
of companv's railroad.
bonds in value as security for the performance of their undertaking, which deposit is not to be diminished in amount, or
impaired in value. Besides other remedies and redress, the
Alliance & Lake Erie.— A controllicg Interest in the Alliance
company reserves the right to retake possession of its property
on the breach of any of the stipulations of the lease. The & Lake Erie Railroad of Ohio has been purchased by Mr. W.
Bergholz. The road is a narrow gauge and will at once, it
company „
.„^„„„.
is to
.„ pay
„„„ principal
and ,^.„.o„.
interest v,^
of a..
all ..„
its bonds.
H„. the
t-w..,.,,,^. a,^^^
uvuun Pexcept the interest of the bonds of the Western Railroad of *^ ^^"^> °^ P"* "^ running order and extended.
Brooklyn Elevated.—The bill to extend the time for the
Alabama. The company retains for its own use its banking
construction of this road (commonly known as the Bruflf Road)
building, privileges and business." * * *
"The directors are so well assured of the soundness and has passed both houses of the New lork Legislature, and awaits
advantages of the situation, and that the annual rental, 'lie Governor's signature.
-A-t the time the reorganization committee was appointed, the
together with the profits of the banking department, will enable
the company to meet the interest of the company's bonds and statements published in the dail;^ newspapers regarding the
provide a sinking fund for the extinguishment of the principal, stock and bonds outstanding were in manj* respects quite inacand leave a sum sufficient to pay from the present moment curate. The aihounts actually out were ascertained to be as
annual dividends of ten per centum per annum, to be increased follows First mortgage bonds, $1,069,000 ; first mortgage bond
in the future as the bonded debt is paid off, that they declare scrip, $217,700 j
engraved stock, $1,852,880
stock scrip,
it to be in their opinion the true policy from this time forward
$1,497,683. The amounts which have assented to the plan of
reorganization and paid up the 20 per cent assessment in cash
to pay its stockholders quarterly dividends of 2^ per cent.
" Appended herewith is a statement of our income and are as follows First mortgage bonds, $907,000, and coupons on
liabilities under the lease
the same, $29,130— total, $936,130 scrip bond.s, $20:<,700, and
Rental
interest on the same $10,893—total, $214,593
$600,000
engraved stock,
luterest bond Port Royal Compress Company
2,000
$1,504,300 ; scrip stock, $1,151,300. The cash a.ssessment at 20
Estimated net prollt of Bank, after payiug expenses
ftud taxes
25,000— $627,000 per cent paid on the above stock and bonds (and on $2,005 of
The bonded debt, deducting $24,000 maturing July
unsecured debts) amounts to $761,665, and as it will take about
1, 1881, wliicli we propose to pay, will be $2,598,$1,800,000 to complete the road to East New York, there will be
000, upon wliifb the aunual interest will be
161,860
Dividends to stocUUolders 10 per eeut per annum.
420,000— 581,860 issued about $1,040,000 of the Receivers' certificates which are
exchangeable into the new first mortgage bonds. Parties stand
Balance for siuking fund
$45,140 ready to take all these certificates at par and furnish the money
The following shows the income of the road and bank for 'the to complete the road, but the certificates do not have any priorityyear ending March 31st, 1881, and a comparison of the same for over the new first mortg-age bonds, as the right to
exchange
the previous year
them into those bonds is not op; ional with the holder, but the
INCOME FKOM ALL SOURCEf.
company has the absolute right to take them up with first
1880.
1881.
Tiia-ease. Decrease.
mortgage bonds or pay them in cash. A foreclosure suit is
Net eammgs road
$403,075 $414,521
$11,446 $
Ket eariiings bank
21,437
41,927
already
pending and will be carried to a sale in order to fore20,489
Divideuds A. & W. Pt. BR. .. 32.000
32.000
close
the rights of all parties not assenting to the proposed
Dividends Rome RB
14,sn3
8,936
5,957 reorganization. The new company will have a right
West'u RB. rent rolling stock 18,000
to issue
18,000
Western BE. coupon accouut 110,000
the following securiti^'s only, viz.: $1,150,723 first mortgage
143,000
33,000
Sliscellaueous somccs
8,513
8,482
30 bonds for the old first m^ irtgage bonds and bond scrip assentea ;
$416,680 of Receivers' c-rtiHcates in settlement of the ca.sh
Total
$607,919 $666,869
$64,936
$5,998
asse.ssments, according ti the proportions allowed in the plan,
Paid dividends
$252,000 $294,000 $42,000
Paid interest bonds this Co.
and in addition, say aoout $1,040,000, of Receivers' certificates
93.530
109,265
15,735
Paid interest liouds .M.&A.BB 39,220
21,140
18,080 for the completion of the road all these certificates being
Paid interest bonds West. RR 83,260
S5.0S0
i",826
exchangeable by the company into the new first mortgage
Paid taxes, legal and Incidental expenses
17,645
17,523
116 bonds, of which the whole authorized issue is $3,500,000
Balance surplus
122,264
income bonds for assessments paid .$.S44,584 ; new stock for old
13:',r54
l7,5S0
stock and stock scrip assented, $3,655,600. The total authorized
Total
$607,919 $666,868 $77,145 $18,190
issue of new stock is •*4,000,000, bnt no more than the above
It will be seen from the above statement that the receipts
amount of $2,655,600 can be issued by the reorganization comfrom the Western Railroad are .^75,920 in excess of the interest mittee.
on its bonds. The amount charged to coupon account has been
Brunswick & Albany. The reported sale of this road to F.
reduced from $97,540 to $39,620. The bonded debt of the
Georgia Railroad & Banking Company has increased $740,000, Wolff and others by the bondholders who now own it is confirmed. The purchasers say that they mean to extend the
biit $600,000 of the proceeds resulting from this indebtedness is
road from Albany, Ga., to Montgomery, Ala., running south of
still in the hands of the cashier, to be appropriated
to the
redemption of bonds maturing July 1, 1881, and to pay for the Montgomery & Eufanla Road. The purchasers are interested in the Alabama Great Southern and the Vicksburg &
steel rails.
Since April 1st, 1877, $1,709,586 of bonds have been
retired j $600,000 from sale of bonds is on hand, and $2,000,000 Meridian roads. Railroad Gazette.
Cairo & St. Louis.-In the United States Circuit Court at
of 6 per cent bonds have been issued ; or, in other words, during the past four years the debt of the company has been Springfield, III., a final decree has been entered in the case of
the Union Trust Company, of New York, against the Cairo 8t
diminished .$309,586.
EARNING
AND EXPENSES TRAXSrOKTATIOS DEPARTMENT.
St. Louis Railroad Company.
The suit was originally brought
Tear euniny ilarch 311880.
1881.
Increase, Decrease.
by
the Trust Company in 1877 for the fli-st mortgage bondCpfieiglit
$211,531
$238,262
$26,731
holders, the principal of the indebtedness at that time being
Down ficight
412,606
526,654
113,888
Wiiy frciglit
$2,500,000. The total indebtedness has now reached $4,301,157,
161,211
181,969
20,758
Express freight
S,8S6
9,961
and a decree for that sum was given. The sale is to be made
1,074
.
i
|
'
'
V^
!
'
j
I
GENERAL INVESTMENT NEWS.
i
I
I
|
'
j
]
:
;
:
_
:
;
;
.
.
.
.
—
—
Miscellaneous
Total
Through passengers
local passengers
Mali
Total..
Total earnmgs
Total expenditures
Net earnings
uross receipts per mile
Expenses iier mile
Net receipts iKT mile
Per cent exps. to earnings
87,713
76,002
$882,038
..j,„u„
28,386
227,057
32,041
$1,032,750
$150,712
31,5.57
3,171
46,406
$287,485
$337,213
1,109,524
706,148
1,369.904
$403,075
3,809 .50
2,490 50
1,313 00
65-50
273.464
32,191
955,442
11,740
140
$49,727
200,440
188,993
414,521
11,446
43
652 93
615 69
37 29
4,4612
3,112 19
1,350 23
69-74
July 14.
4-24
.'.'.
'.'.'.'.'.'.v.
j
I
Cliicago Rock Island & Pacific.—Chicago, May 18.—Some
days ago the statement was telegraphed from here that the
Chicago Rock Island & Pacific Railway Company had determinea on an aggressive movement in the Northwest. Information of a semi-official nature obtained to-day shows that the
company intends to construct a road from its main line in Iow«
through Minnesota and Dakota to a junction with the Northern
Pacific.
Such a line will cross almost at a right angle all the
roads in the St. Paul & Northwestern systems and cut the great
f^^^^ belt of Iowa and the wheat belt of Minnesota and Dakoa.
When completed it will enable the Rock Island to compete with^
THE CHRONICLE.
552
the St. Paul and Northwestern companies for the traffic of the
ITpper Mississippi as an offset to the latter company's competition with the Eock Island for the traffic of Central and Southern Iowa and the Lower Missoaii River Valley.
Chicago
— Pan!
St.
Minneapolis
& Omaha.—A
St.
Paul
dispatch says
" A deed of conveyance was filed in the Register
of Deeds' office on Saturday last from the St. Paul & Sioux City
Railway Company to the Chic. St. Paul Minn. & Omaha RR.
Company, transferring the St. Paul & Sioux City Railway to the
Chicago St. Paul Minneapolis & Omaha Company. The deed is
declared to be made on condition that the party of the second
part will pay the 3 per cent due the State and subject to the
liens and incumbrances now existing against the road, which include: 1. A deed of trtist dated July 1. 1879, to the Central
Trust Company of New York as trustees. 2. An extension
mortgage dated March 2, 1880, with the same trust company.
3. A further instrument executed between the same parties
dated the 30th day of April. 4. A mortgage or trust deed executed by the St. Paul Stillwater & Taylor's Falls Railway Company to Horace Thompson and William B. Dean, trustees, dated
January 1, 1879, to secure the sum of $334,800, according to the
terms and conditions of certain bonds denominated first mortgage bonds issued by the company. The deed is dated the 9th
day of May, and is executed by the St. Paul & Sioux City Railway Company, by H. H. Porter, President."
Cincinnati Indianapolis St. Louis & Chicago. At a meeting of the Cincinnati Indianapolis St. Louis & Chicago Railroad
Company in Indianapolis, May 16, it was resolved to raise the
capital stock from $4,000,000 to $6,000,000, and to employ the
additional capital in the building and equipment of a road
from Kankakee to Seneca, forming a connection with the
Chicago & Rock Island road.
:
—
—
Cincinnati Southern. The Trustees of the Cincinnati
Southern Railway resolved, by a unanimous vote, to notify the
Sinking Fund Commissioners that they will at once, with their
approval, proceed to advertise the road for sale or lease. Bids
will be asked for on all the plans of lease and on the form of
sale. The best bid will then be presented to the Sinking Fund
Commissioners for their approval, as required by law. Proposals will be received in Cincinnati, New York and London till
August
18, 1881, at
noon.
Clereland Columbus Cincinnati & Indianapolis— Cincinnati Hamilton & Dayton.— The Cincinnati Commercial reports the practical consolidation of the Cincinnati Hamilton &
Dayton with the C. C. C. & I., or the Bee Line. The directors
of the former road met and heard the report of their Committee
on Consolidation. "This committee, which consists of two
directors and three outside stockholders of the C. H. & D.,
reported that they had met the Conference Committee of the
Bee Line, consisting of Ave directors of the latter that they
had examined the propei-ty of the road and the situation generally, and had unanimously agreed upon a union of the two
roads on a basis of share for share. The. board, after hearing
the report of the committee, resolved to submit the plan to the
stockholders for ratification on the 14th day of June next,
;
when a two-thirds vote of the stock will be necessary to a confirmation of the agreement. The Bee Line stockholders will
also be called together at as early a date as possible in view of
the European residence of some of them."
East Tennessee Virginia
& Georgia— Memphis &
ton—Macon & Brunswick.—Colonel
Charles-
E. M. Cole, of Tennessee,
has formed a powerful syndicate for the purchase of southern
railroad interests. Purchases have already been concluded of
the Macon & Brunswick Road of Georgia, the East Tennessee &
Virginia system of roads, embracing 619 miles, the Selma Rome
& Dalton and the Memphis & Charleston roads, covering in all
about 1,300 miles. Contracts for the building of several hundred miles will at once be let and the various systems connected.
The syndicate has subscribed $16,000,000 of capital. Among
the well-known capitalists who may be named in the syndicate
are George I. Seney, Samuel Thomas, Calvin S. Brice, E. H. R
Lyman and John S. Martin. Colonel Cole will be made President of the whole system of roads, and will have charge of the
extension by purchase and building. It is understood that the
syndicate is willing to take the one-fifth of the stock of the
East Tennessee & Virginia Road yet unpurchased, at the price
paid for the four-fifths, if the holders desire it—and that price
js reported to have been 150.
[Vou XXXII.
asking that a Receiver be appointed. The Attorney-General'
stated to a reporter that the Manhattan Company was incorporated for the purpose of constructing and operating an elevated road upon certain defined routes in the city of New York,
and that it has never exercised its full corporate powers, has
never constructed a road, but assumes to operate two roads by
virtue of leases from the Metropolitan Elevated Railway Company and the New York Elevated Railroad Company. By
reason of the leases, the Metropolitan and New York Elevated
Railway companies surrender their franchises and privileges and
their rights to operate their road to the Manhattan Company
for a period of ninety -nine years. The complainant avers that
in taking these leases the Manhattan Company assumed certain obligations, among which was that of paying the taxes
which shall be imposed upon the New York and Metropolitan
companies. This obligation the company has not performed.
By its own statement it is now in arrears of taxes to the
amount of nearly a million of dollars, and the company concedes in its communication to the Tax Depaitment of New York City that it has been doing a losing
business under these leases, that it cannot perform its contracts
with the other companies, and is on the verge of bankruptcy.
Under the lease above referred to, the Metropolitan and Nevy
York companies took the entire capital stock of the Manhattan
and gave the Manhattan the leases. I assume that this was
wholly illegal as to all the contracting parties, for the laws of
this State do not permit a corporation in this manner to divest itself of its franchises and of its duties to the public. The increase
of Manhattan capital stock from $2,000,000 to $13,000,OC« was
wholly illegal, the statute having specifically provided for the
increase only in case its capital stock should be found insufficient for constructing and operating its road. But as it had no
road, and neither then nor at any time since has contemplated
constructing any, of course its capital stock could not have
been insufficient for that purpose. But the vice of the whole
transaction is putting a corporation to dealing with the public
without any actnal capital paid in, with nothing but a piece of
writing called a lease, under which the annually accruing
obligations exceed at the present time by about $1,250,000 the
annual net profits.
Some days ago a formal demand was made upon the Manhattan Company by the New York Elevated Company for a
deposit of the amount of taxes which the authorities insist
upon collecting. Under the lease this demand gives the right
to enter and take possession of the property on failure to
comply with it.
A demand was served by a bondholder on the trustees of
the New York Elevated mortgage and the Metropolitan first
mortgage, respectively, demanding that they begin suits or
take other necessary measures to restrain and prevent the payment to or distribution among the stockholders of those companies of any dividend arising from the rents, revenues, income or profits, and also to recover the amount of any and all
dividends arising from such rents, revenues, income or profits
which have been paid to or distributed among said stockholders
from the time of the issuing of said first mortgage bonds.
The notice states " It is proper to call your attention to the
fact that the mortgage contains a covenant on the part of the
New York Elevated Railroad Company that until the principal
and interest of the bonds have been fully paid, it will not do or
suffer any act or thing whereby the lien of the mortgage may
be impaired."
Marquette Houghton & Ontonagon.— The Boston Transcript reports ; " Marquette Houghton & Ontonagon -stocks sell
at 78 and 125 respectively. The .sale of the land grant of 400,000
acres of this company for $2,500,000 cash is officially announced.
The six per cent bonds of the company will now be called at par
This insures 8 per cent dividends upon the preand canceled.
ferred stock, and makes last year's earnings equal to 8 per cent
upon the preferred and about 5 per cent upon the common stock.
Midland of New Jersey. The Times reports that the second
and final conference between the representatives of the Midland
Railroad Company of New Jerse.y and the large coal operators
of the Wyoming Valley resulted in the breaking off of the
negotiations which had begun. The operators who desired the
extension to Scranton did not meet the terms of the Construction Company, however, and it was decided to extend
the road to Taraaqua, as originally contemplated. The
contra:;t for the extension from Ogdensburg to Stroudsburg was
let this week, and it is expected that this section of the road,
which embraces about 44 miles, will be in operation some time
next Fall. Surveyors are now in the field between Stroudsburg
and Tamaqua, and this extension, about 45 miles lon^, will probably be completed by December of next year. The extension
will be a single track of steel rails and of the standard gauge,
and when completed will add greatly to the business of the
—
—
:
—
Manhattan Elevated— Metropolitan— New York.—Justice
Donohue, in the Supreme Court, Charnbers, on Thursday,
granted an orderto show cause, returnable May 26, in an action
begun by the Attorney General in behalf of the State against
the Manhattan Railway Company for a decree " dissolving the
incorporation of said company and forfeiting its corporate
rights and vacating and annulling the charter and existence of
said corporation," and for the appointment of a Receiver. The Midland Railroad.'
order granting permission to begin the action was made on the
Missouri Kansas & Texas.— A Parsons, Kansas, pres.s
affidavit of Attorney Geneial Hamilton Ward, to the eflfect that dispatch of May 19 reports that the annual meeting of the
facts had come to his knowledge which, in his oninion, made stockholders of the Missouri Kansas <Si Texas took place there on
such an action expedient and necessary. The Tribune re- Wednesday, the 18th. A special meeting was held, at which
ports that Attorney-General Ward has been in this city for it was resolved that the stockholders of the Missouri Kansas &
nearly a week, investigating the affairs of the Manhattan Com- Texas Road approve all mortgages and contracts made by the
pany. The papei-s in the case are voluminous, and set forth Gould management in reference to the Missouri Kansas &
that the corporation should be dissolved because it has Texas Road during the time the.y have had possession of the
violated its charter, and exercised power not conferred same, [and this, it is understood, includes the contract of lease
by law. It IS alleged that it has been insolvent for by which the M. K. & T. is leased to the Missouri Pacific for 9E>
more than a year and that it has failed to pay its years. See Chronicle of April 16. p. 431.] It was also resolved
taxes for more than a year. Accompanying these papers is a to continue the construction of the road through to the city of
complaint of Benton S. Harrison, setting forth these facts and Mexico, the stock of the consolidated company being increased
!
May
THE
21. 1881.1
CHllONKv^LE.
$47,000,000 for the purpose. The meeting then adjouroed. The
regular annual meeting for the election of officers was then
Following is a list of those elected for the road for the
called.
ensuing year
Jay Gould, Sidney Dillon, Gr. J. Forrest,
Thomas T. Eckert, William Bond. K. L. McCread^. A. G. Dulman, Samuel Sloan, Thomas W. Pearsall, Fredenck L. Ames,
Frank S. Bond, R. S. Hayes. The Kansas directors are H. C.
Cross of Emporia, C. H. Pratt of Humboldt, and Judge David
Kelso of Parsons, Judge Kels.-. being elected in place of B. P.
McDonald of Fort Scott, giving Labetta County a reprejsentative
with the road, which it has never before enjoyed. Jay Gould
continues as President of the company.
Missouri raciflc— A dispatch, dated St. Louis, May 1.5,
says " General Manager Tallraage, of the Missouri Pacific line,
received instructions to-day from New York to proceed at once
with the construction of a line of road leaving the main line of
the Mis.souri Pacific at Pacific Junction and thence running
through Franklin, Marias, Miller, Camden, Hickory, Dallas,
Polk, Dade and Jasper counties to Carthage. This line will
open up a new and very rich section of Missouri and will shorten
the through line to Texas by about thirty miles."
553
COMMERCIAL EPITOME.
:
Friday Nioht,
May
20, 1881.
The week has been wet and rather cold, but the rain was
needed in some sections, and was not excessive anywhere, while
the temperature was not so low as to cause frost. Therefore,
good, rather than hann, has been done. The arrival of supplies
of grain from the Erie Canal, and uninterrupted transportation
in all sections, have given an impulse to the export of breadstuffs and a stimulus to branches of business having relations
with it. The general trade of the country seems to be in good
condition, and a very active exchangee of commodities is ia
progress; complaints of the effect of high import duti'is are on
the increase. It is found that there may be an excess of "protection" for those, even, in whose interests it is devLsed.
The provision market has had a number of reverses during
the past week. Several days ago there was a large realizing
movement and rapid and marked declines were noted. Since
then there has been a recovery, resulting from a revival of
Nashville Chattanoop & St. Louis.—The following is a state- speculative confidence and the opening of important " long"
ment of the receipts and expenses of the Nashville Chattanooga accounts. To-day old mess pork sold on the spot at $15 75©
& St. Louis Railway for ten months ending April 30
$16 25; new mess at $17 ; May, June and July quoted $16 50®'
$1,784,988 $16 75, bid and asked; September sold at $17. Lard on the spot
Gross rooeipts
I.OSo.Ki.'i
Operating expenses
sold at ll'10@ll'15c. for prime Western; June at 11-10®11 15c.,
$(J'J'J,sli^
Surplus over operating expenses
closing at ll-12^c.; July, ll-07?6®ll-15c., closing at 11-07^®
5.)
1
$393,
Interest and tuxes
ll-lOc; August, 11-05@U -12^0., closing ll-07)6c.; September,
149,693
Improveuiont account, N. W. Division
ll@ll'lOc., closing at ll*05c. bid ; October 10*95c.; seller year,
25,oliS
New iron bridges
27^030
New engines
10-30@10-35c., closing at 10-32>6c.; refined to the Continent,
147,104
New cars
11 20@11'22)2C. Bacon ruled steady though quiet; long clear,
20,402 - 703,353
Real estate
Beef was
8Mc.; half-and-half, 9c.; short clear, 9^c.
$63,530 quiet at $23@$24 50 for city extra India me.ss. Beef hams
Excess of expenditures over earnings
New York Chicago •& St. Louts. A report states that the held at $23®$24 50. Tallow in fair demand and firm at 6%@
contractors for the New York Chicago & St. Louis are to receive 6 9-16C. Stearine on the spot held at 13c. Butter is firm for
$9,000,000 for their work between Buffalo and Chicago. All of the better grades, which are in reduced supply. Cheese has
the work, except that between Tiffin and Fort Wayne, has been sharply declined under heavy receipts and slow demands good
sub-let. The work between Sandusky and Fort Wayne is nearly to prime factory quoted at 9>6@10i4c. The following is a comparative summary of aggregate exports, from Navember 1 to
ready for the rails.
:
:
—
;
New York Lake Erie & Western.—The comparative business of the New York Lake Erie & Western Railroad Company
for the month of March, and for six months ended March 31, is
reported as follows
Inc. or dec.
Month of March.
1881.
1880.
$202,303
Gross earnings
$1,847,201 Inc
$1,044,958
902.0'.'0
1.143,258 Inc..
241,231
Working expenses
701,003 Deo..
33,928
Net earnings
742,931
Six Months ended Mar. 31.
Gross earnings
$f',821 ,334
$10,140,499 Inc.. 1,319,105
0.63.5,150 Inc ..
872,334
Working expenses
5,702,315
440,331
3,505,350 Inc..
Ner euruiugs
3,009,019
:
Northern Paciflc Railroad— Oregon Railway & Navigation.— One of the morning journals published a report last
week that an agreement had been made by which Mr. Villard,
the President of the Oregon Railway & Navigation Company, had bought the Northern Pacific stock owned by
President Billings, amounting to §8,000,000, and consented to
the discontinuance of the suits brought against the company
to annul its recent issue of stock. This report was somewhat
premature at the time, but on Thursday, 19th inst., the negotiations were virtually completed, though the precise terms
are not given out.
The Times states that the board of
directors of the Northern Pacific Railroad Company met in
their offices on Fifth Avenue. Mr. Henry Villard, President of
the Oregon Railway & Navigation Company, was present by
The resignations of Messrs. Livingston and Dillinvitation.
worth, two members of the board, were received and accepted,
and the vacancies were filled by the election of T. F. Oakes and
Artemas H. Holmes. Mr. Oake« has been tlie General Manager
of the Oregon Railway & Navigation Company. Mr. Holmes
is a member of the board of directors of the same company.
Mr. Villard was asked to state his views respecting the future
operations of the Northern Pacific Company. He said that he
thought the building of the line from Portland to Kalama the
gap which still remains to be clost- d between Tacoma and the
Oregon Railway & Navigation Company's Hues— should be first
undertaken. This gap was only GO miles long, and when
finished would supply rail communication between Puget
Sound and the Pend d'Oreille Division of the road, now nearly
completed. After the conclusion of Mr. Villard's remarks the
board adopted a resolution providing for the immediate construction of the line between Portland and Kalama. On
motion it was also resolved to construct the Cascade branch as
14
:
Pork
Bacon
Laid
1880-81.
37,544,800
404,418.030
211,007,898
1879-90.
38,458,000
457,333.719
218,320,708
11)8.713,030,737
714,113.487
lbs.
lbs.
lbs.
Total
Increase.
Decrease.
"913,200
7,084,320
7,258,870
7,084.320
8,172,070
Rio coffee has been dull, even at a decline to lO^c. for fair
cargoes the supply is more than ample, and the jobbing, like
the invoice, business, slow. The steamer "City of liio" has been
withdrawn from the Brazil trade, owing to the fact that the
traffic was unprofitable.
Mild grades have been dull, and, to a
great extent, nominal. Rice has been in fair demand only,
most of the time, though on one or two days a brisk trade was
done ; prices have remained firm. Refining molasses has been
less active but quite firm, at 36c. for 50-degrees test, and the
grocery grades have sold fairly also at firm prices. Spices have
been quiet. Tea has brought steady prices at auction for all
;
Srades, except Pingsuey greens, which have declined slightly,
aw sugar has been in brisk demand of late, and prices' have
advanced a trifle ; fair refining closed at 75'&c., and 96-degree8
test centrifugal 8%@8 7-16c.
The increased sale of late for refined has naturally had a beneficial effect on the market for
raw, notwithstanding that the importations on refiners' account
continue quite liberal.
Bhds.
Boxes.
Bags.
Melad^i.
Receipts since May 1,1831
59,949
....
15.i,199
1,960
Sales since May 1. 1881
42,990
....
175,901
1,968
Stock May 1^!, 1881
60,751
0,844 1,015,120
294
112,449
Stock May 19, 1880
0,405
906,447
4,878
Refined sugar was in good demand to-day, and closd at lO^^c.
for crushed, powdered, cutloaf and cubes, and 10c. for granulated.
There has been rather more doing in Kentucky tobacco-in
the past week, but not enough to give much activity to the
trade, and the market may still be said to be quiet. Sales for
the week GOO hhds., of whi ;h 400 for export and 200 for home
consumption. Prices are steady; lugs, 454@5Mc.'; leaf, 6@
12^c. Seed leaf has been fairly active, in a general way, but
the trade is without features of special interest. Sales for the
week, 2,307 eases, as follows: 200 cases 1879 crop, Pennsylvania,
25c.; 267 eases 1879 crop, Pennsylvania, 12@20c.; 600 cases 1878
crop, Pennsylvania, private terms; 140 cases 1879 crop, Ohio,
10c. 300 cases 1879 crop. New England, 15@22c.; 6r)0 cases 1880
crop, Connecticut Seconds, 103^e. and fillers 5c., and 150 sunAlso 050 bales Havana, 90c.@$l 25, duty paid.
dries, 9@18c.
In naval stores a good business has been done in rosins at
firmer rates; strained is now quoted at $1 90, and good strained
at $1 95@$2. Spirits turpentine at the close is lower, as several
lots were forced upon the market; Southerns in j'ard sold at
Petroleum has had a good export demand, and the
37c.
—
;
soon as practicable.
" Mr. Villard and his friends have recently acquired the
Oregon and California lines running south from Portland in
the valley of the Willamette River, and these are to be extended southward to connect with the California & Oregon
Railroad, so as to form a connection with San Francisco by rail.
This system has already 300 miles of railway in operation— 200
on the east bank of the Willamette River and 100 on the west
bank. Under the plan of reorganization adopted at Frankforton-the-Main a few days ago, a new loan of iiJ'J,000,000 was
obtained on the security of these 300 miles in operation, and of
the extension proposed to be built, and work will be proceeded
with immediately."
Richmond & Newcastle.—Mr. Richard PuUen, as Trustee of
the bondholders, recently sold §300,000 of the original Richmond & Newcastle bonds (with about twenty years' accumulated
interest) to the Pennsylvania, completing the latter's control of
the present Cincinnati Richmond & Chicago.
May
I
market is well sustained; refined for export, 8c. Crude certificates have had a fair speculation, and close steady at 82)§e.
bid.
Ingot capper is firm at 19 '^c. for Lake. All other metals
are quiet. Hops are quiet, the result of the lower temperature.
Wool has had a fair sale at about steady prices.
Ocean freights have latterly been more active and a firmer and
higher range of rates have been current. The supply of tonnage
in port have been considerably reduced of late.
The engagements were: Grain to Liverpool, by steam, 3!4@3/8d.; bacon,
15s.; cheese, 25s.; cotton, 3-16d.; flour, 158.; grain to London, by
steam, 4,^d ; cheese, 27s. 6d.; flour, 15s.; crrain to Leilh, by
steam, 5^@5^d. do. to Bristol, by steam, 5^c.
;
.
1
THE CHRONICLE.
554
COTTON.
May
Friday. P. M..
In addition to above exports, our telegrams to-night also trive
us the following amounts of cotton on shipboard, not cleared, at
the porta named. "We add similar figures for New York, which
are prepared for our special use oy Messrs. Carey, Yale &
Lambert. 60 Beaver Street.
20, 1881.
The Movement op the Chop, aa indicated by our telegrams
ending
from the &mth to-night, is given below. For the week
reached 42,41a
this evening (May 20), the total receipts have
previous
bales, against 49.150 bales last week, 45,535 bales the
nd 47,729 bales three weeks since; making the total
week
receipts since the Ist of September, 1880, 5,488,418 bales, against
On Shipboard,
May
increase
4 715,678 bales for the same period of 1879-80, showing an
since September 1, 1880, of 772.770 bales.
717
Galveston
Indianola, &e.
New Orleans...
5,530
37
1,060
333
37
1,259
283
2,133
1,710
MobUe
521
267
526
153
Florida
Savannali
816
832
264
1
1
418
761
1,072
4,166
652
555
793
489
69
449
3,012
2,08i
13-
Pratice.
Ollitr
Coast-
Foreujn
tcise.
13,568
4,780
1,766
10,600
2,000
50
16,201
4,700
5,000
None.
1,100
None.
None.
13,993
None.
3.150
7,000
4,515
1,900
2,000
46,065
14,300
32.553
Great
New Orleans
Mobile
UnArleston
868
Savannah
aalveston
(few York
Other ports
8,765
1,724
not cleared—for
Leaving
AT—
20,
Britain.
Total.
Fri.
818
527
40<
2,172
Thurs.
Wed.
Tues,
3Ion.
Sat.
Beceiplsiit—
[Vol. XXXIl.
Total
600
Stock.
Total.
38,503 144,322
12,259
6,780
11,155
7.266
12,866
9,550
35,443
23,193
*7,900 160,206
41,577
8.000
342
None.
1,750
2,500
1,377
None.
1,000
101,192
6.9S9
426,828
I
Included
in this
amount there are 1.300
which we cannot
ports the destination of
presses for foreign
liales at
learn.
Brnusw'k, &c.
Ciarleston
Pt. Royal, &c.
21
52
45
117
Norfolk
CityPoint,&c
879
957
1,112
836
772
New York
401
48-
2,626
491
420
625
320
896
615
26
665
296
210
46
174
926
3?2
214
539
65
1,712
8,681
6.311
5,199
MoreU'dC.,&c
Plilladelp'a, i&c.
40
280
37
525
664
weel!
5.214
9,015
Boston
Baltimore
Totals
410
.....
till.'?
2,762
2,619
3,132
7,965| 42.415
siderably lower than on Monday, especially for the next crop.
Wednesday was quite buoyant, and so was Thursday till the
later dealings, when the demand subsided and prices weakened.
To-day there was a further advance, the " bull" party pushing
their advantage with considerable vigor. Cotton on the spot has
This Since Sep.
Since Sep.
This
1880.
1881.
been active, both for export and home consumption. Quotations
1879.
TTeek.
1,
TTeck.
1, 1880.
were advanced l-16c. on Monday and again on Thursday. Re2,679 455,180 58.636 15,018
5,530 641,817
ceipts have been pretty free, however, and no material reduction
12
7,632
37
15,063
157,825
has been made of .stocks on hand. To-day prices were again
182,325
7,419 1,446,113
8,765 1,496,466
20.
Galveston
Indianola, &c..
New Orleans
Mobile
1
Savannah
4,166
Brunswick, &c
Charleston
Port Royal, <feo.
TVUniington
M'head City,&c
Norfolk
City Point, &c.
3,012
New York
4,674
2,762
2,619
3,132
Boston
Baltimore
Philadelphia, &c.
864
375,310
20,355
840,367
1,724
Florida
347,936
20,136
714,289
12
884
19,039
5,086
22,416
24,365
10,613
3,631
4,855
606,728
49,933
114,909
29,966
673,467
207,071
158,418
154,735
39,881
261
46
4,760
926
Stock.
1879-80.
1880-81.
Mectlpts to
14,514
1,506
111
28
5,466
68
1,689
3,950
8
59,10'
1,818
440.979 18,421
49
30,619
1,310
73,650
1,938
26,839
515,200
8,927 17,952
150,153
190,965 177,106 178,399
202,616 11,530 11,510
9,224
16,034
9,587
41,626 12,460 11,156
26,514 4,715,678 523,020U52,392
In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
42,415 5,433,448
Total
1876.
1877.
1878.
1879.
1880.
1881.
Receipts at-
713
1,361
6,247
1,226
1,013
l-16c. higher,
The
forward delivery for the week are 537,000
For immediate delivery the total sales foot up this week
13,102 bales, including 8,118 for export, 4,331 for consumption,
in transit. Of the above, 175 bales
653 for speculation, and
were to arrive. The following are the
sales for ?ach day of the past week.
ilaij
Strict Orel..
Oood Ord-.
Str.G'dOrd
Low Midii'K 9%
Str.L'wMid 1014
MiddUnfT.
lOifl
Good Mid
ll'i^
139
168
883
595
797
347
5,636
13,188
5,334
7,47
2,976
2,972
3,178
4,152
1,324
2,599
2,914
1,525
Str.G'dOrd
Low Midd'K
Str.L'wMid
lot.this w'k
42,415
26,514
16,673
19,732
12,14-
16,330
Middlius...
Good Mid..
&c
4,179
3,996
373
1,3
2,560
2,011
1,149
1,013
5483,443|4715,673|4372.608 4177,834|3395.974 4004,104
Galveston Includes Indianola; Chiirfcstou includes Port Koj-al. ^tc;
Wilmington includes Morehead City, Ac.; Norfolk includes City Point. &c.
The exports for the week ending this evening reach a total
of 62,186 bales, of which 33,961 were to Great Britain, 1,309 to
France and 26,826 to rest of the Continent, while the stocks a!a
made up this evening are now 528,020 bales. Below are the
exports for the week and since September, 1, 1880.
Since Sept.
1.
Week Eliding May
20.
New Orleans.
1. 18S0, to
Exported
Ma\i
—
Great
Conti-
Total
Great
Brit'n-
nent.
Week.
Britain.
8,612
9,7tS
1,136
12,316
18,652
2S,968
649
Savannah
France
49.201
281,893
793.591 .»6,401
75,743 22,767
196,451
194.209
Charleston*...
Baltimore.
Philadelp*a,&c
Total
....
8=8
9l6
9l8
Ordin'y.^»
Strict Ord..
Good Ord..
G'd Mid
Midd'g Fair
Str.
Fair
615i6
79l6
858
918
913,6
105,6
109,8
Ills
1138
1213
1278
9%
913,f iOis
105i8 10»i6
109i8 10?t
Ills
11^16
1138
11»18
12ie
12»16
12% 13'l8
91:ii6
lO^ie
109i6
11%
1213i«'l2''8
Wed
3,100
8.130
1,083
1,715
a,126
33,98
Total 1879-80 lo.si"'JoclDdee exports irom
4,700
1,575
1,S99
4,766
Po
t
26,S26
9,011
3,450
13,093
1.063
3.190
2,125
57,146
301,829
333,145
91,418
92,979
53,150
37,866
80,299
1,444
2.850
33,864
Tb. Frl.
"il.lO.'i
2,258,837 343,215
Wed Tb.
!
I
811,6
93,8
7II16
834
9I4
''^16
1
I
Wed
Frl.
714
8
"^11
7IJ.6
758
.
9I16
9
815,6
97l6
9ifl
99l6
IOI4
105i6
IOII16 1034
101Iigl013i6 10^8 101516
11"'16
III4 [1138
1134
III3 11=8
ili'ie
"
1238
1
l'23j, I12I4
18 II2I2
II3I4
121o,6 13
I13I6
133
1038
1058
113i8
117l6
915l6 103,6
107,3 llOSg
im
Good Ordinary
Strict Good Ordinary.
Low Middling
Middling
inon Tnes
Sat.
fST.VINED.
.^
6l2
7l2
333
9iil«
67,6
lb
7 '18
95e
MARKET AND
20, 1881.
Continent.
SPOT MARKET
CLOSED.
Total.
128.043
96,949
328,406 1,418,58!
105.929
7,419
260,022
208,491
11,2'22
9,147
96,141
]
24,734
102
494.339
402,999
09,812
313,826
467,350
91,449
117,713
53.552
02,136 2,476.887 504,282 1.042,734 4,oa3,898
Boyai, ^o.
73|a
73i«
715,8 71*18
''"16 71">i8
81016 81=19
815|(
815l6
938
97,6
one
9716
9"l6
103i6 103l6
103l6 103l6 1018
1058
1058
10=8
10=8
109l6
101318 1013i, 10%
1013i8 lOiSis
1138
1138
115,8 1138 11138
ll»16 1158 ill's
1158
It's
1238
1238
1238
125,6 1238
13i«
1318
131l8 1318 !l3l8
61a
71a
333
911,6
Til.
''5l6
815i6
97l6
103i6
61a
713
838
91I1
i?l»
9
Si"
91a
9»i«
lO'ie
10%
10>ll6 10%
IOIB18
1078
117ie Ilia
1058
101316
1138
1158
1238
I3I8
Wed
Frl.
714
8
I
1111k
11%
127i„
133i6
12ifl
13>4
Tb.
Frl.
69l6
658
759
812
9l3i»
'*16
3'16
9%
SALEa.
to
Florida
Boston
8^
Tne«
7ie
7"8
73 i8
7^8
8'e
79i,
,
Mobile
Wilmington...
Norfolk
New York.
Fair
7%
6l5l6
S-4I.ES
from—
Galveston
From Sept.
Exported to-
Exports
615.
Str.G'dMid
Mldd'g Fall- 121,6 11218
1,506
Charl'st'n,
864
884
6^8
7'a
89l6
Ordin'y-^"*
TEXAS.
Sat. Jloa.
Sat.
Sat.
20.
and
quotations
official
NEW OKLEANa.
mon Tnes
UPLANDS.
inou Taea
14/0
May
307
Savannah
8,765
1,724
4.166
3,012
1,3
less
total sales for
bale.s.
Wilm'gt'n, &c
Norfolk, &o..
All others
MobUe
2,691
7,119
5,56'
middling uplands closing at 10 ll-16c., but
active.
3,710
3,031
1,230
1,965
571
Galve3t'n,&e.
New Orleans.
active
rumoi-s of floods in the Mississippi Valley. The foreign advices
were not sufficient to support the market, and on Tuesday a
buoyant opening was foUowed^by a decline, the close being con-
For comparison, we give the following table showing the week's
total receipts, the total since Sept. 1, 1S80, and the stocks t-o-night
and the same items for the corresponding periods of last year.
May
was more
during most of the week under review, and there was a consider261
without frequent variations, and ex46 able advance, not, however,
4,760 hibiting no marked buoyancy of tone. Liverpool advices were
926 better, except on Wednesday, when tame accounts from that
4,674
market had for substitute a cold storm in the Atlantic States and
23
Vyiluiington
The
speculation in cotton for future delivery
785,976 3,387,798
OF SPOT
-IND TR-VXSIT.
Fx-
COH-
Spee- Tran-
port.
sitmp.
urVn
537
867
Mon .jQuiet atiisadv
2,333
Tucs. Steady
172
480
63
92
36
7*2
1,137
1,250
Sat ..iFlrm
Wed
-Isteady
Thurs Steady at iigadv 993 1,220
847
Fri . Steady at I16 adv 2,179
.
Tot.al'
3,1131 4.331
59
293
6
653
sit
Total.
827
SaUs.
63..")00
1.439 113,700
2,739 78.900
2,446 69,600
2,508 103.800
3,093 102,500
13.1
021537.000
daily deliveries given above are aotually delivered tUe
vious to that on wliicli tliey are reported.
The
Deliveries.
30O
200
206
200
200
200
1.300
day pre-
The Sales aud Prices op Futores are sho\vn by the following comprehensive table. In this statement vrill be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales]
o
Mat
X
«
.
THE CHRONICLE.
21, 1881.]
-f'^'»*1
coow*
o » » a
5 2S
aSSJa
"ftiS^
e'*»2
H •
»
-
•
p
en
S
^r*
^
E.?2
Ill
lb
i
i:^
a
'J:
"iS
3SIW2.
sl-iS^
SSsiWd
.xes
S^SSa g'?s:
s®»d
S®xS'
log?
6*'
obo*
o
0>©
u
V
•
a.
t<
oo
oo
oo
•I
9)
I
ooS
oo
OO
oo
®r
OOo
wwO
Oil
co
CO
oo
Ol5^
I
OOo
*4»0
ooS
I
I
3
CO
CO
dp
OOo
&
I
?o
oo
OOo
o
co-
oo
I
®?>
«?
OOo
M
I
I
-i-jo
i2§
OOo
citJtO
l^iO
oo
oo
oo
oo
t:
I
so
=o
?
QcxO
ill OO
to
COM
COo
oob
-j^o
OCT
tjiao
s,«
u<
to
?5§
8|§ ii^*.o
-JO
ooS
»oo
MOO
OO
oo
to to
wo
oo
oo
coco
CO to
oi^O
I-"
CO
g2
o-o
oo
I
OOo
66o
®r)
towO
oo
oo
M—
oo
ox
C»l
I
coo
COO
oo
oo
Sp
00 to
I
cog
ooO
ex
OO
6o
8).-
ooO
oo
ox
OOO
®co
I
II
®to
..*
'ro
00 -5
cox
SCO
I
I
1
oo
(xob
American
4.i5,000
232,000
332,000
264,424
32,017
3,000
if^O
671,000
372,000
347,000
294.50d
28,310
4,000
OOo
-ixo
mO
I
SVL
^
I
O
:i§
Europe
<fec.,
411,000
528.020
138,248
2,200
die,
—
310,000
12,000
217,000
8.750
63,750
172,000
18,000
eiajgd.
6^i.
7ii8d.
&c
Total visible supply
I
C^~The
431,000
452,686
161,455
6,000
332,000
264,424
51,429
3,000
347,000
294,306
46.305
4,000
2,120,468 1,693.141 1,337,853 1,734,811
228,000
48,900
94,310
271,000
51,000
afloat
Total East India,
Total American
00
I
38,2.50
2,746,036 2,283,334 1,833,941 2,198,316
Liverpool stock
London stock
Continental stocks
India afloat for Europe
,=?§
ecoo
SI
111,000
44,250
662.660
515,.500
693.210
481.500
2,032,846 1,020,694 1,318,441 1,716,818
East Indian, hrazU^
6co
I
CO
OOo
241,000
47.200
43,460
308,000
21,000
228,000
48,900
94.310
271,000
51,000
Ac
afloat to
Egj-pt, Brazil,
II
496,000
148,000
431,000
452,686
87,008
6,000
2,052,816 1,620,694 1,318,441 1,718,816
Total American
ob-^1
S)to
oo
t,TO
IS
437,750
87,00S
6,000
7.55,000
United States stock
United States interior stocks..
United States exports to-day..
ccxO
oo
-ix
xo
"TO
rcO
American
CD
OOo
csceS
I
270,230
880,500 1,334,500
310.000
172,000
332,000 347,000
12,000
18,000
264,424
294.506
32,017
28,310
3.000
4,000
m
oo
,
c;i^
193,460
977,660
308.000
431,000
21.000
12..'i00
We
c;
CO
obx
fo
»^
oo
=?-:§
II
:
If-O
-.'lobc
I
*;
ceo
66o
ob-j
CJ'O
- o
o
i
cocoO
CDCo
<eo
I
II
oog
6oO
MO
I
ooC
— CO
OOo
oocoo
I
1
6.500
19,750
figures indicate an increase in the cotton in sight
to-night of 462,702 bales as compared with the same date of 1880,
an increase of 912,115 bales as compared with 1879 and an increase of 547,740 bales as compared with 1878.
In the preceding visible supply table we have heretofore only
included the interior stocks at the seven original interior towns.
As we did not have the record of the new interior towns for the
four years, we could not make a comparison in any other way.
That difficulty no longer exists, and we therefore make the following comparison, which includes the stocks at the nineteen
towns given weekly in our table of interior stocks instead of only
the old seven towiLS.
shall continue this double statement for
a time, but finally shall simply substitute the nineteen towns for
the seven towns
the preceding table
American—
1881.
1880.
1879.
1878.
Liverpool stock
bales 735.000
496,000
453,000
671,000
Continental stocks
266,000
148,000
232,000
372,000
t
OOo
(SO
tso
<IO
®l»
oob
«lO
otic
2.000
1,750
5,750
The above
to to
ood
41,7.'!)0
2,'J(iO
432.fiS0
266,000
411,000
528.020
00,826
2,200
afloat for Eiu-ope....
Total visible supply
Su
I
OOo
cocoo
10C.T
ly.(!o0
39..'i00
90,626
2,200
Price Mid. Upl., Liverpool....
9o
cjlO
I
'
rco
IS?'
OOo
=
S2
Btock In U. 8. Interior ports.. .
United States exports co-day..
Total East India,
Total American
©*'
I
OOo
S»
^—
OOo
360,310
Total European stocks.. ..1,392,210
India cotton alloat for Europe. 271,000
Amer'n cotton afloat for Eur'pe 411,000
Egypt,Brazll,&c.,aattorE'r'pe
51,000
Stock In United Slates ports .. 528,020
Egypt, BrazU, Ac, aJloat
Oi»lO
SS3
ooO
I
cog
om
8)?
C'liU
rxco
*cn
SlO
o::o
I
oo
tct^co
CO to
Total continental ports
Liverpool stock
London stock
Continental stocks
India afloat for Europe
— CO
coo
o'tc-io
oo
oo
Oil
j
14,170
Total
OISI
oaio
1^
10,900
United States stock
United States Interior stocks..
United States exports to-day..
oo
CO
oo
MMtO
800
American
(»0|j
OOo
780
3,000
42.600
233,000
C.OOO
44,000
7,800
44,500
02,000
£ast Indian.BrazU, etc.—
OlCJt
>->-30
5.7.30
1878.
137,250
2,750
47,730
3,000
28,250
American—
^—o
OOo
*l<^o
iviO
liiiO
67,300
4,130
Liverpool stock
Continental stocks
oo
CM
en Jt
sia
S
I
209,000
3,800
31,600
7.000
4«,000
43.500
Total visible supply
2,746,056 2,253,354 1,833,941 2.193.316
Of tbe anove, the totals of Amorloau and other descriptions are at (ollowsi
00
I
1879.
at Havre
bales.
at Marseilles
at Barcelona
at Hanit)ttrg
at Bremen
.Stockat AuiBterdam
Stock at Rotterdam
Stock at Antwerp
Stock at otber oontl'ntal ports.
Stock
Stock
Stock
Stock
Stock
E.^iSr^
C--^*!!
fJ?-,
1880.
1881.
jwi 352'S Gag's. G52'^
Q^iP?
ai':'t,r;
655
241,000
47,200
43,460
308,000
21,000
311,000
44,250
38,250
310,000
12,000
217,000
8,750
63,750
172,000
18,000
693.210
662,660
515.500
481,500
2,120,468 1,695,141 1,337,833 1,734,811
2,813,678 2,357,301 1,853,333 2,216,311
imports into Continental ports this week hare been
25,000 bales.
I
I
I
I
I
I
These figures indicate an increase in the cotton in sight to«
night of 455,877 bales as compared with the same date of 1880, an
increase of 960,325 bales as compared vrith the corresxionding
date of 1879 and an increase of 597.367 bales as compared witn
I®
I
I
1
1
i
I
1878.
I
I
I
I
I
I:
1
®:
1
1;
1
1
1
1
S:
1
1
1
®;
1
1
li
1
:
1
1
—
At the Interior Ports the movement that is the receipin
and shipments for the week, and stocks to-night, and for the
corres^jonding week of 1880 is set out in detail in the foUowitig
1
S:
1
—
statement:
:
* IncUules sales in September for Septeml>er, 621,400; Seirt.-Oct. for
Oct., 91(),.500; Sept.-Niiv. for No%-cm1)ei-, 762.100 8eiit.-Dec. for December, 1,461.500: Sept.-Jau. for .rauuarv, 2,58S,900 Sept.-Fel). for February 2,372,700; Setit-JIarcli for Jlurcli, 3,46t',100; Sout.-April for
April, 2..'5n.-),800.
Week emling
May 20,
'81.
Week ending May 21,
'80.
;
;
Transferable Orders—Saturday, 10-40; Jlonday, 10-45; Tuesday,
1040; Wednesday, 10-50; TUuraday, 10-60; Friday, 10-70.
Sliort Notices for May— Monday, 1043
Tuesday, 10-45.
;
The foUowin.^ exchanges have been made during the week:
-05 pd. to excli. 5,000 July for Aug. Ot pd. to esoli. 100 May for June.
•05 pd. to e.xcli. 100 July for Aug.
•07 pil. to exch. 1,200 June for July.
•06 pd. to excli. 300 July for Aug.
-07 pd. to excli. 1,200 Juno for July.
pd. to excli.
•Id pd. to exch.
•06 pd. to exch.
•01)
400 July for Aug.
300 June for Aug.
100 July for Aug.
The
Visible Supply op Cottos, as made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this -week's returns, and consequently
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night (May 20), we add the item of exports
from the United States, including in it the exports of Friday only:
1S81.
19i?0.
1879.
1878.
983.000
48,900
737,000
47,200
566,000
44,250
88H,O0O
8,730
Total Oreat Britatn atook 1,031,900
784,200
610,230
896,730
ttoot at Liverpool
Btock at Loudon
bales.
Rcceijits.
Augusta, Ga
Columbus, Ga...
Macon, Ga
Moutgom'ry,Ala.
Sclma, Ala
Memphis, Tenn..
Nashville, Tenn.
690
197
Sh ipnVts
Stock.
416
175
883
233
939
410
2,239
8,727
531
476
12,588
6,387
5,213
4,482
3,800
48,507
9,469
Total, old ports..
4,316
15,197
90,626
Dallas, Texas. .
JeflVrson, Tex...
Slircveport, La..
VicUsburg, Miss.
Coltiiul>us, Miss..
177
103
i64
554
52
104
23
339
163
232
218
105
330
117
3,041
1,628
5,811
1,974
1,203
1,528
14
300
Eufaula, Ala
Ga
Atlanta, Ga
Rome, Ga
Gnmii,
(Jharlotte,
N.
St. Louis,
Mo
Cincinnati,
Total,
new
Total, .iU
C.
O
ports
68
3,509
2,627
1,062
Beceipts. Shipm'ls
233
35
525
452
132
381
200
1,283
9,661
204
128
106
924
2,004
12,273
87,008
13
60
391
188
15
25
230
"so
69
319
3,470
4,609
6,402
4,826
29,012
11,393
1,777
2,570
10,294
16,481
67,622
5,539
14,610
31,678
298
482
10,024
1,456
Stock.
12,151
7,178
1,697
5,396
1,702
49,691
9,198
.
7.543
86
85
1,200
2,091
2,932
281
119
20
705
303
2,498
2,187
1,009
9,300
3,241
1,115
44,740
7,540
9,970
74,447
2-2.245
61,455
6
101
206
344
4,133
I
175
—
—
..
THE CHRONJCLE.
656
[Vou
XXJtII.
Vicksburg, Mississippi.—We have had no rain the past
The above totals show that the old interior stocks have deoreased daring the week 10,881 bales, and are to-night 3,618 week. The days have been warm, but the nights have been cold.
bales more than at the same period last year. The receipts at
Columbus, Mississipjn. The weather has been cold and dry
the same towns have been 2,312 bales more than the same week
—
all
]ast year.
—
Rbceipts feom the Plantatioss. The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are sometimes misleading, as they are made up more largely one year
than another, at the expense of the interior stocks. We reach,
therefore, a safer conclusion through a comparative statement
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of the
like the following.
weekly movement from the plantations of that part of the crop
which finally reaches the market through the out-ports.
BECEIFT8 FROM PLANTATIONS.
Wetk
"
"
•'
1881
..
88.260
11...
8.490
78,451 133,931 105.619 303,279 288.546
64.3118 140,123 150,418 299,996 265,017
18...
00.202
00.098
54.283
44.891
40.187
38,183
22.283
1..
49,011 108,200 141,013 .{31,047 287,314
B.1,419 93,600 131,463 200,120 277,1
Mar
«...
19,031
"
"
18...
19.89
24,flS6
20.
10.873
23,317
8...
"
IB...
"
"
29...
23...
.
78,514 116,879 25l'J823 S66,n79
85.690 107,005 252.495 249,879
06.579 111, WHO 238,656 237,401
00,71H 8T.291 220,030 218,880
47,393
87,823
31.910
39.714
30,858
25,126
••
1880.
1880.
2.1 ..
April
1879,
1881
1879.
i
Irlar.
Stock at Interior Ports Itec'pts from Plant'ru,
JteeefpU at the Ports.
•ndtitff—
47,7i»
45,535
49,100
42,415
78,902 204,151 201,211
71,5»G 186,658 103,949
69,240 176,15: 175,316
51,439 161,455 198,248
1881
1879.
1880.
78.447
72,280
43.396
50,549
01,758 138,3a3
51,083 138,597
40,002 110.497
38,492 S4.308
40,490 67,101
30,595 68,996
24,971 51.101
19,094 4i.l77
34,977
25,|4S
31,511
13,951
11,015
7.600
8.853
14,076
7,630
14,135
7.015
33,080
33.273
30,517
25,847
That the
from the plantations since Sept. 1 in
bales; in 1879-80 were 4,865,100 bales; in
total receipts
1880-81 were .'5,613,72.')
1878-79 were 4,418,385 bales.
2. That, although the receipts at the out-ports the past week
were 42,41!) bales, the actual movement from plantations was
only 2.'),347 bales, the balance being taken from tiie stocks at the
interior ports. Last year the receipts from the plantations for
the same week were 7,615 bales and for 1879 they were 8,853
Ijales.
Weather Reports by Telegraph. —The weather
the
past
development of the crop.
Some points complain of a want of rain, others that the temperature has been too low, and in Texas dry weather is desired.
But on the whole, at the present moment the condition is prom-
week has been
fairly favorable for the
ising.
—
has been showery on one day the past
twenty-one hundredths of an inch.
Nearly every section of the State lias had rain this week, and
generally we are having too much rain, as many crops are
grassy and require dry weather ; otherwise prospects are
favorable. It is generally estimated that cotton acreage has
been increased ten to fifteen per cent for the State at large. The
thermometer has ranged from 70 to 86, averaging 78.
Indianola, Texas. We have had showers on three days the
past week, the rainfall reaching one inch and four hundredths^
Dry weather is jjreferred, but on the whole, prospects are favorable. Average thermometer 76, highest 86 and lowest 68.
Corsioana, Texas.— It has rained hard on one day the past
week, the rainfall reaching one inch and forty-seven hundredths. Crops are promising. The thermometer has averaged
79, ranging from C5 to 93.
Dallas, Texas. We have had rain on two days the past
week, with a rainfall of one inch and eighty-three hundredths.
We are hav-iig too much rain, but no serious damage has been
^ua, - Dry weather is desirable for wheat harvest, now commencing, and to work on cotton and corn, which are somewhat
grassy otherwise the position is favorable, but labor is scarce.
Average thermometer 78, highest 03 and lowest 65.
Brenham, Texas. It has rained hard on two days the past
week, the rainfall reaching two inches. Dry weather is wanted,
as some sections are grassy and labor is scarce. The thermometer has ranged from 66 to 87, averaging 77.
Waco, Texas. We have had hard rain on two days the past
week, the rainfall reaching two inches. We are having too
much rain, otherwise prospects are fair. The thermometer has
averaged 77, ranging from 65 to 87.
New Orleans, Louisiana. We have had no rain during the
past week. The thermometer has averaged 80.
Slireveport, Louisiana. It has been cloudy and rainy on two
days the past week, and the balance of the week has been fair,
dry and warm. The rainfall reached one inch and forty hundredths. The thermometer has ranged from 65 to 94, averagGalveston, Texas.
week with a
It
rainfall of
—
—
;
—
—
—
—
ijig 76.
Cotton
is
covered with
lice.
Rock, Arkansas.— The weather has been fair to clear
the past week. The thermometer has ranged from 58 to 85,
Little
averaging 70.
Nashville, Tennessee. The weather has been warm and dry
The thermometer has averaged 71, ranging
all the past week.
—
from 51
to 91.
—
Mobile, Alabama. We have had light rain on two days the
past week, the rainfall reaching twenty-three hundredths of an
inch. The crop is developing promisingly. The thermometer
has ranged from 58 to 94, averaging 76.
Montgomery, Alabama. It has been showery on one day the
past week and the balance of the week has been pleasant, warm
and dry. The rainfall reached one hundredth of an inch. The
crop is developing promi.smgly, and the plant looks strong and
healthy. Average thermometer 78, highe.st 96 and lowest 60.
8elma, Alabama. The weather has been dry all the past
week. The days have been warm, but the nights have been
cold. The crop is developing promisingly. Average thermom-
—
—
and lowest 53.
Madison, Florida.— We have had dry weather all the past
week. The days have been warm, but the nights have been cold.
The thermometer has ranged from 68 to 90, averaging 79.
Macon, Georgia. We have had rain on one day the past
week. The thermometer has averaged 75, ranging from 56 to 92.
Columbus, Georgia. It has rained on one da.y the past
week, the rainfall reaching seventy-three hundredths of an
inch. The days have been warm and the nights have been cold.
Average thermometer 80, highest 95 and lowest 64.
8avannah, Georgia. We have had rain on one day the past
week, with a rainfall of one hundredth ot an inch, and the rest
of the week has been pleasant. The thermometer has averaged
eter 76, highest 101
—
—
—
The above statement shows
1.
the past week.
ranging from 57 to 92.
Augusta, Georgia. The weather has been warm and dry
The crop is developing iJi-dmisingly, but
all the past week.
rain is needed badly. Average thermometer 76, highest 98 and
76,
—
lowest 58.
—
Charleston, Sotifh Carolina. We have had light showers
on two days the past week, with a rainfall of twenty-two hundredths of an inch. The thermometer has ranged from 56 to
averaging 74.
Jute Burre, Baooinq, &c -There has not been any change
in the position of bagging since our last report. The market is
moderately active, but no large transactions are being made, the
demand being mostly for the present wants of consumers. There
is a steady tone to prices, and some holders are wanting a shade
higher figures, but orders can still be filled at our quotations, which are 9Mc. for \% lbs., 10@10Mc. for 2 lbs. and
10%@llc. for standard qualities. Butts have been taken more
freely, and prices are a shade firmer, with some indications of
an advance. There have been sales during the week of 5,000
91,
bales at fall figures, and at the close sellers will not name less
than 2 \\-XQ@2%fi. for paper quality and 2%@3c. for spinning
grades.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
May 19, 1881, and May 20, 1880.
May
19. '81.
Inch.
May
Ftet.
20. '80.
Feet. Inch.
2
2
1
Below hlgli-water mark
Above low-water mark.. 29
17
8
Memphis
4
3
Above low-water, mark..
6
NaahviUe
11
11
Above low-water mark.. 15
8brevei)ort
39
4
Above low-water mark.. 41
TlcksbuTE
mark
until
reported
high-water
of
1871
below
New Orleans
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-lOths of a foot above
1871, or 16 feet above low-water mark at that point.
Kew
Orleans
.
Comparative Port Receipts asd Daily Crop MovEMEirr.
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
coastantly have before him the data for seeing the exact relative
movement for the years named. The movement each month
since September 1 has been as follows:
A
Tear Beginning September
Monthly
Reeeipta.
1880.
Sept'mb'r
October.
458.478
968,31f
Novemb'r l,006,.'i01
Decemb'r 1,020,802
571,701
Xanuary
.
February.
Marota . .
April
.. .-
572,728
476,382
284,216
1879.
333,643
888,492
942,272
956,464
647,140
447,918
261,913
159,025
1878.
288,848
689,264
779,237
893,664
618,727
666,824
303,955
167,439
1877.
1.
1876.
98,491
236,868
675,260
901,392
787.769
500,680
449,636
182,937
100,191
578,533
822,493
900,119
689,610
472,054
340,525
197,965
1875.
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
Total year 5,359,356 4,633,867 4,307,978 4,099,790 3,834,786 3,921,273
Pero'tageoftot, port
receipts April
m..
92-74
96-86
9434
1
94-96
93-56
I
.
Mat
THE CHRONKJLE.
21, 1681.1
This statement shows that up to April 30 the receipts at the
ports this year were 720,489 bales more thaa ia 1879-80 and
1,051,378 bales more than at the same time in 1878-79. By adding
to the above totals to April 30 the daily receipts since that time,
we
55T
Alexandria, Egypt,
May
1881.
19.
Beoeipta (cantars*)—
This week....
Since Sept. 1
3.OO0
1.980,000
C..500
2,747,000
an exact comparison of the movement
shall be able to reach
1879.
1880.
for the dilferent years,
3,206'.5(>6
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
2,500 229,7.'i0
139,632
500 2S3.700
709 170,544
3,000 164,000
2,500 369,382
1,209 4r.4.214
3,000 240.500
Exports (bales)—
1880.
1881.
1879.
1877.
1878.
1876,
ToCX)atlueut
Tot.Ap.30 5,359,356 4,633.867 4,307,978 4,090.790 3,834,780 3,921,275
2,575
4,146
2,013
8.
3,097
3,391
May 1....
" 2....
3,561
6,454
2,707
3,351
8.
11,002
" 3....
1,675
2,455
7,161
4,006
7,496
4,642
" 4....
4,512
8.
2,032
4,633
3,098
7,317
« 8....
8.
2,032
4,851
4.761
4,690
4,S54
" 6....
3,930
5,164
8.
4,017
4,691
0.798
" 7....
2,726
4,062
5,213
8.
4,282
6,174
" 8....
4,366
2,439
4,187
8.
3,851
7,008
" 9....
2,621
2,435
8.
4,257
2,484
10,982
"10....
1,953
1,794
4,642
7,180
4,886
8,079
"11....
8.
3,575
2,430
3,478
5,541
2,925
"12....
2,489
3,394
4,197
3,998
8.
7,036
8.
"13....
3,573
4,211
1 1,438
4,324
2,882
" 14....
4,167
2,890
3.161
8.
3,390
5,214
" 15....
3,150
2,644
1,771
6,189
8.
3,619
" 16....
2,075
8.
2,786
9.045
4,803
3,232
" 17....
2,995
6,630
2,607
2,902
8,681
2,718
" 18....
3,634
3,368
8.
2,703
2,039
6,311
" 19....
5,638
8.
1,304
3,841
4,074
5,199
" 20....
8.
2,612
4,097
4,140
1,775
7.965
Total
5,488,448 i,710,582 4,366,824 4,164,995 3,885,021 3,989,002
Fercentag e of total
96-21
95-18
94-18
9810
9J-84
port rec' Dts Mfiy 20
This statement shows that the receipts since Sept. 1 up to
to-night are now 777,866 bales more than they were to the same
day of the month in 1880 and 1,121,624 bales more than they were
add to the table
to the same day of the month in 1879.
the percentages of total port receipts which had been received to
May 20 in each of the years named.
We
India Cotton Movemest fhom all Ports.— The flgnres -which
are now collected for us, and forwarded by cable each Friday, of
the shipments from Calcutta, Madras, Tuticorin, Carwar, &c.
enable us, in connection with our previously-received report from
Bombay, to furnish our readers with a full and complete India
movement for each week. We tlrst give the Bombay statement
for the week and year, bringing the figures down to May 19.
BUUBAY RECEIPTS AND SHIPMENTS FOR FOUR TEARS.
Shipments
Year Great Conll- _
Brit'n.
Shipments since Jan.
this week.
,
ConlU
Oreal
Britain
,
J-OM.1.
nent.
Receipts.
1.
This
Week.
„
,
,
lotai.
nent.
•
1.
76,500
4cantaris981l)S.
This statement shows that the receipts for the week ending
May 19 were 6,500 cantars and the shipments to all Earop«
were 2.500 bales.
MANCHBaTErt Market. Our report received from Manchester
—
to-night states that prices for twists and shirtings are unchanged
and that the market is quiet and steady. We give the prices of
to-day below, and leave previous weeks prices for corapari.son:
1881.
32» Cop.
d.
d.
d.
8.
Maris 914a
9'8 6
9'8 6
9''8 6
9'e (i
9'8 6
9»8 6
8»8» 9'« a
858® 913
»H9> OHi 6
25
Apr. 1
9
9
"
8
" 15
" 22
" 29
May 6
"13
" 20
8=8®
Oiji
s.
®7
9
®
®
9 -a
9 ®
8%®
"
1880.
8>4 lbs.
Shirtings.
Twist.
@S
®8
51287
5>i2»7
h^a7
51287
5isa7
6
Iwist.
lis
d.
A.
81a
81a
81s
8I2
lbs.
Shirtings.
d.
®lll2
aiiis
®lll3
6
OI18 11
-aula
lOHiSii
8>s 51B18 loaganoT,
63,8
63l8
8H
32« Cop.
Mill.
Up
d
lOia
7»s»7 9
7i3a'7 9
9
9
Ootfn
11
11
11
5">if loifi aio%
9SI1 «l0ia
S'a
913^1014
T>\
5 '8
91a aiou
8.
d.
7
4ia3i8
8.
d.
3
41388 3
7 4>3a8 3
7 4iaa8 3
7 iiaas
7
98
7
6
6
U
«
lOifi
Ooten
Mid.
Upldt
a.
714
7»;
7H
714
7
616,8
971013 6"i6
9 'd7
7i23'7
9 -a7
9
7I2
9
OTg"*
611,8
613,8
—
Shippiso News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
63,934 bales.
are the same exports reported bv telegraph, and published ia
the Chronicle last Friday. With regard to New York, we
include the manifesto of all vessels cleared up to Wednesday
night of this week:
Nbw York—To
Total bales.
Liverpool, per steamers City of Richmond, 301
Palmyra, 413
Malta, 425
Scy-
Lassell, 2,906
thia, 259.... Spain,
l,033....Wycmiug, 2,270
7,507
To Hull, per sttanioi- Salerno, 123
To (xIa.s(;ow, per steamer State of Georgia, 500
To Havre, iier steamer Canada, 263
To Hremeii, per steamers Hohenstauffen, 434 ..Neckar, G06.
To Hamburg, per steamer Suevla, 100
To Amsterdam, per steamer Castor, 1,176
To Rotterdam, per steamer Amsterdam, 90
ToStoltlu, per steamer Katie, 500
1,034
ToReval, per bark
l,'80O
Hew
Since
Jan.
Total Europe
P. Berg, 1,800
uhleans—To Liverpool, per steamers Alava. 4,000
Bernard Hall, 4,031. ...Chrysolite, 1,450. ..Elvira, 2,400
S.
123
500
263
100
1,176
90
500
Kspauol, 2,050
13,931
ship Peruvian Congress, 4,768
per bark
Armenia, 2,741
7,509
To Bremen, per steamer Frankfort, 2,175
2,175
To Antwerp, per steamer Asdrubal, 1,041
1,041
To Crouatadt, per bark Eleo, 1,200
1,200
To Barcelona, per barks Mario, 1,151
Pablo Sensat, 1,602 2,753
Charleston— ro Liverpool, per bark Eleanor, 887 Upland and
339 Sea Island
1,226
To Bremen, per bark Batavla, 1,237 Upland
1,237
To Reval, per baik Hans, 1.602 Upland
1,602
To Barcelona, per bn centine Augustine Calzada, 1,200
Upland
1,200
Savannah—To Liverpool, per steamer Keullworth, 1,184 Upland and 333 Sea Island
1,51T
Texas—To Liverpool, per steamer Haytian. 5,089
5,089To Havre, per bark Carl vou Doblu, 1,480
1,480
To Bremen, per bark Annie Torrey, 2,469
.,
2,469
To Trieste, per bark Expedite, 1,140
1,140
Baltimore— To Bremen, per steamer Holienzollern, 1,539
1,539
Boston-To Liverpool, per steamer Marathon, 1.304
Samaria,
50O....8armatian, 425....Tarifa, 846 ., Victoria, 412
3,387
PiiiLADELPHiA—To Liverpool, per Steamer Ohio, 346
346
To Havre, per
1881 4,000 10,000 14,000 179,000 335.000 514.000 55,000
1880 15,000 15,000 30,000 J49.000 29"). 000 544.000 60.000
1879 40,000 6,000 46.000 165.000 a 12.000 377.000 45,000
1878 5,000 4.000! 9.000 •2-.'(J.000 •294,000 520,000 27,000
According to the foregoing, Bombay appears to
decrease compared with last year in the week's receipts
797.000
790,000
588,000
659,000
show a
of 5,000
and a decrease in shipments of 16,000 bales, and the
shipments since January 1 show a decrease of 30,000 bales.
The movement at Calcutta, Madra.s, Tuticorin, Carwar, &c., for
the same week and years has been as follows.
OAK!(JTTA, MADRAS, TUTICORIN. CARWAR, RANOOON AND gPRRACHBB.
bales,
Shipments
Year.
Great
Britain.
1881
1880
1879
1878
I^" For tlie
5.066
8,000
Shipments since January
this week.
Continent.
i',000
5,000
1,000
past few weeks
Qreat
Total.
Britain.
6,606
13,000
1,000
we
149',6()6
93,000
15,000
liavo omitted
(Calcutta, Madras, &c.,) this year's
weekly
Total.
48,666
63,000
35,000
197,606
158,000
50.000
above table
aa wo found tiieie
however, making
fiom
figures,
1.
Continent.
tlie
as cabled to us. We are,
iiew arrangements, under which we hope not only to prevent er]\>rs, but
also to greatly improve this feature of our report.
were inaccuracies
in
them
The above totals for this week show that the movement from
the ports other than Bombay is
bales
than for the
same week la-st year. For the whole of India, therefore, the total
Bhipments this week and since January 1, 1881, and for the corresponding weeks and periods of the two previous years, are as
follows.
Shipments
Europe
from—
ombay
31
1881.
Since
Jan. 1.
This
week.
Jan.
14,000
514,000
30.000
6,000
14,000
514,000
36,000
other p'rta.
Total
1880.
This
week.
1879.
This
week.
Since
Jan. 1.
544,000
197,000
46,000
13.000
377,000
158,000
741,000
59,000
535.000
Since
1.
This last statement affords a very interesting comparison of the
movement for the week ending May 19, and for the three
years up to date, at all India ports.
Alexajtdria Receipts and Shipments. Through arrangementa
we have made with Mes-srs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
ef cotton at Alexandria, E^ypt. The follovring are the receipts
and shipments for the past week and for the coi responding week
of the previous two years.
total
—
.
Phlladelp'a
KIPOBTg TO BDROPE FROM ALL INDIA.
to alt
03,934
.„
„
particulars of these shipments, arranged in oar usaail
form, are as follows:
Bre- AmslerBeval Barcemen <£ dam <£
and lona
Ham- Hotter- Ant- Cron- and
Zitierwerp. stadL Trieste.
Barre. burg. dam.
pool.
Total.
263 1,134 1,266
1,800
New York
7,.507
13,093
1,041 1,200 2,753 23.609
N. Orleans. 13,931 7,509 2,175
1,237
1,602 1.200
Charleston.
1,226
5,265
Savannah.. 1,517
1,517
Texas
5,099 1,480 2,469
1,140 10,178
Baltimore..
1.539
1,539
Boston
3,387
3,387
Total
The
346
Total... 34,542
349
9.252
7.015
1,266
Included in the above totals are, from
New
4,602
5.093 63,934
York to Hull, 123 bales
1,041
500 bales and to Stettin, 500 bales.
Below we give all news received to date of disasters to resselff
carrying cotton from United States ports, etc.:
LuMLEY Castle, steamer, before reported sunk on Horn Reef, Dento Glasgow,
;
mark.— A salvage steamer arrived
at Esbjerp, April 28, with dynamite, for the purpose of blowing up steamship Lumiey Casilo (Br.),
from Now Orleans for Reval, sunk on Horn Reef, and afterwardsof rcc-overing tlie cargo of cotton,
Farnley, steamer (Br), before reported— A salvage steamer arrived ab
Esijerg, .\pril 28, with dynamite, for the purpose of blowing up
steamship Farnley, (Br.) from Savannah for Reval, which sunk at
HiJl-n Reef, and afterwards of recovering the cargo of cotton.
WiDDttisoTON, steamer, befoi-e reported sunk at Halifax by collision
with steamer Canima— The cargo of damaged cotton from steamer
Widdrlnston was sold at auction. Sixty bales of the di-yest brought
$30 a bale, and the balance, about 700 bales, sold for $31.
Enoch Train, ship (l!r.), from New Orleans for Liverpool, before reported, put into Havana May 3, had grounded on the Tortugas, May 1,
and sprung a leak, lost her rudder aud part of keol. She would IM
—
would be t ansiii case of condemuatioii lier carRo
steamer Newport, wiiioli left New York May 1,3 for
to be used on the Ruocli
materials
wrecking
out
m?aua,
imdeTwriters.
Train A special agent was also dlspalclied by tjie
C, for Havre, took
T«AnEi. CRAGG9, Ijark (Bn), loadiuK at Cliarlestou, 9.
on the 14tli
and
flrc^diiiklit of May 13 vessel filled wltli water,
There were 1,801 bales of cotton
tl-e are was e.xtinguisUed.
not to be
found
already on board. 8Ue was pumped out aud
or
materially damaged. All of ber cargo is supposed to be more
surveyed, aud
Tlie
ahloiied
tijok
;
lest damaged by water.
Cotton freights the past week have been as follows:
Satur.
Liverpool, steam d.
Do
sall.-.d.
Havre, steam
—
sail
Bremen, steam,
Do
l3>
c.
^
V
>a'
>S*
Jfl
Ifl
ifl
>a
'i«a'fl
7i6®l2
"'le'Sihi
^
hi
H
^
^
I3
—
^
Do
>a
sail...!?.
steam
c.
ne
^16
"13
d.
sail
616
'33
V
.l*^
?16®13
—^
—
—
sail...!?.
Do
Fri.
'18® "a
c.
Amst'd'm, steam.c.
'
Thurs.
5333733 ^32® '32 632®732 ^32®
Ij.
7i8®lfl
Wediies.
Il64a'4
11C4®14 H84®'4 1'64®H
'32®''32
632®''32
Hamburg, steam, rf.
Do
Tues.
Jfort.
Hm®"* "61® '4
c.
.c.
sail
Baltic,
la
Ja
^
h6
= 10
meal have been rather dull. To-day wheat flcur was firm and
in good demand, and rye flour held higher, though quiet.
The wheat market was unsettled and variable early in the
week. Prices for prompt delivery of course gave way under the
more liberal supplies, while futures were pretty well sustained.
Yesterday, however, there was a pretty general improvement in
" spots" and " futures."
prices, with a large business in both
No. 2 red winter sold at .$1 2.5@$1 26 on the spot, $1 25®.?! 25%
for May, $1 23@§1 23% for June, 81 20@|1 20% for July,
?1 16M@§1 16^ for August; No. 1 white at |1 24®|1 24^ on
the .spot and for May, and $1 21@.'?1 21M for June; and No. 2
Chicago spring on the spot at §1 19%. The drought last
autumn, soon after wheat was sown in some sections, has been
supplemented by drought this spring, and threatens serious in-
Compressed.
stateiaent of the week's sales, stocks, &c., at that port:
May
—
54,000
52,000
4,000
3,800
2,500
3.100
45,000
43,000
Sales Americau
6,500
6.600
Actual e.-cport
20,000
21,500
Forwarded
1,000,000 1,000,000
Total stock Estimated
Of wbicli American— Estim'd 762,000 767,000
153,000
70,000
Total import of the week...
112,000
65,000
Of wliicb American
286,000 253,000
Amount afloat
177.000 143,000
Of which American
week
Sales of the
—
.'
20.
68,000
5,500
5,600
53.000
9,000
10,000
983,000
755,000
85,000
68,000
224,000
118.000
55,000
3,000
3,400
47.000
6,800
14,500
974 ,000
746,000
43.000
37,500
253,000
147.000
bales.
exporters took
speculators took..
wliicli
wliicli
May
2lay 13.
S.
The tone of the Liverpool market for spots and futures each day of the
week ending May 20, and the daily closing prices of spot cotton, have
been as follows:
Saturday Monday.
Friday.
Wedncs. Ihursd'y.
Tuesday.
Bpat.
Market,
12:30 P..M
•
Grain.
FU)ur.
Wheat!^ bbl. $3 35® 3 85
Spring
$1 12 ®1 25
4 403 4 60
Winter superfine
1 15 ®l 30
Red winter
40
4 203 4
Spring superfine
Red winter. No. 2 126 ai 261a
Spring wheat extras.. 4 65 Si 5 00
1 16 ®127
White
25
5 25® 6
do XX aud XXX..
56 ® 61
Wis. ,fc iliuu. rye mix. 5 25® 5 75 Corn— West, mixed.
58 1-4 » 00
new.
W^est.
No.
2.
40
Winter shipp'g extras. 5 00a 5
59 W 01
Western yellow..
do XX and XXX... 5 50»6 50
60 Si 63
white
Western
6 50® 8 25
Patents
53 ® 61
South, yell' w,new
City shipping extras. 5 00® 6 00
62 ® 64
white.new
South,
Sontlieru, bakers' and
109 ®113
6 00® 6 73 Rye
family brands
45 ® 47%
Jllxed
South'n ship'g extras. 5 40® 5 85 Oats—
50 ® 55
White
Rye flour, superHne.. 5 50® 6 00
100
®1 12
Canada
W.
Barley—
Com meal
.®....
State, 4-rowed...
2 85® 3 lo
Western, &c
.®
2-rowed...
State,
Brandy wine, (fee. ... 3 30 3 3 35
No. 2
.
Firmer
(
Steady.
Market.
5 p.m.
&
Mod.
Firm.
fr'ction'Iy
Inq.
freely
supplied.
dearer.
5
Mid. Upl'ds
Mid.Orl'ns
Steady.
Steady.
513i3
579
513,6
5^8
51S18
378
31518
579
515l6
578
51516
10,000
2,000
10,000
2,000
10,000
2,000
10,000
1,000
10,000
1.000
10.000
1,000
Firm.
Quiet.
Weak.
}
\
Bales
8pec.<fe
jury to the crop; but we cannot say how wide is the area
To-day the opening was buoyant, but the close about
affected.
as yesterday.
»
,
„
,
,
Indian corn was lower early in the week, especially tor
pretty
general
prices
made
a
prompt delivery; but yesterday
improvement. No. 2 mixed sold at 57M@37/6c. on the spot»
55@55Mc. for June, 5aMc. for July and 56c. for August. The
corn which has lain all winter in boats in the empty canal
comes forward in better condition than was expected. There
have been liberal transactions in Western white corn at 60@
62^c. for No. 2, the latter figure yesterday. To-day there was
some further improvement at the opening, but the close was
flat.
Rye has been scarce and held for an advance. Barley
and barley malt are dull and nominal.
Oats have been rather quiet, with prices showing a declmThe speculative
ing tendency for both spots and futures.
interest seems to have in a large measure subsided. To-day the
market was quiet; No. 2 graded 45Mc. for mixed and oOc. for
white, and No. 2 mixed iS%a. for June and July and 3!)c. for
August.
The following are closing quotations:
.
%2®15'64 932® ""64 932®'8m'932<»'964 832®1''64'932®1''64
April 29.
XXXII.
[Vol..
winter wheat, and in these the advance has been most decided,
large lines having been sold in the range of .^S 25 to |6 per bbl.
Extreme high grades, inclnding choice " patents," have continued slow of sale, but are firmly held. Rye flour and corn
Liverpool.— B7 cable from Liverpool, we have the followinpr
Of
Of
.
THE (3HR0NU]LE.
658
Do
:
exp.
Futures.
Market,
5 P. M.
but
Firm.
but
steady.
steady.
\
The actual sales of futures at Liverpool for the same week are given
below. These sales are on the basis of Uplands, Low Middling clause,
unless otherwise stated.
Delimry.
Delivery,
Sept.-Oct...
Oct. -Nov
^^•
5^
May-June
of*
d.
-.52733
5i5i8
52932
Chicago
5^
Detroit
July-Aug
o"i6 Nov.-Dec. .5lii6®-332 Sept.-Oct
June-July
July-Aug
5-»32
May
AuEt.-Sept
5
May-June
Nov.-Dec
5-332
52032
MONDAY.
—
Sept.-Oct...
-—
Juno-July ..52»32®3i3^ Oct.-Nov
May-June
July-Aug
Aug.-Sept
..5273-.®7g
„.
513i8
52533
'
Nov.-Dec
Sis,.
June-July
515i6®3l32
I
53i32®6
Oiler's
eiaoSO
July-Aug
Aug.-Sept
I
6333
Aug.-Sept
Sept.-Oct
Oct.-Nov
52032
-
6i8
03133
513iB
Aug.-Sept
May -June
6
6I16
52032
5^
Nov.-Dec
July-Aug
Aug.-Sept
52732
53I32
6iia
Sept.-Oct
52832
June-July
Oct.-Nov
Nov.-Dec
5%
Aug.-Sei)t
579
6I32
Sept.-Oct
May-June
515;8
June-July ..5313331618
July-Aug
6I32
'
Aug.-Sept...
Oct.-Nov
INov.-Deo
(56
127.790
142.800
296,614
68,742
9,000
154,494
14,750
lbs.)
714.935
11,790
306,062
48,027
57,800
346.785
325,325
ir
p irts
Rye,
Barley,
Oats,
bush.
bush.
bush.
(32 (6s.) (48 Ms.) (56 lbs.)
570,497 33.237
57.750 11,970
39,489
4,923
10,150
13,600
113.258 121846
9,400
208,750
2,014
9,877
72,398
18.610
o0,lv3
"i09
1,760
4.850-
Duluth
104,196
Total
814,1901,810,7241,013.491
7S7.obl
Total receipts at same ports from Dee. 27 to
four years
sive, for
Flour
Wheat
/2,304
'80. 1'22,568 1,062,016 3,015.670
May
14, inclu-
:
bbls.
bush.
Com
Rye
1879.
1881.
3,174,424
1380.
2,119,131
2,445,060
14,259,436
31,797,262
12,083.429
3,370,746
635,423
15.740,265
48,474,440
2,127,502
2,190,773
817,724
21,024,513
29,147,605
8,989,734
2,086,776
1,117,832
1878.
2,274,839
23,171,922
29,99'2,322
8,425,936
2,507,345
1.528,113
05,625,643
62.366,462
76.350,704
62,166,351
receipts (crop movement) at same ports from
1 to May 14, inclusive for four years:
1877-73..
1878-79.
1879-80.
1880-81
5,047,253
5,139,616
5,333,832
6,843,534
bbls.
" Comparative
TaUKSDAT.
i;-^''«,
May-Jime.578®28.^3® 79 Oct.-Nov
June-July.. 5-'932®i5i6 Nov.-Dec
o3l32®6
May- June...
July-Aug
Aug.-Sept.. ..5ii6®33a
Friday.
bush.
(60 lbs.)
.®....
Total grain....
53232
I
May
Cleveland
St. Louis
Peoria
Oats
Barley
Wednesday.
May-June
Toledo
(196 lbs.)
22,072
42.662
1,200
9,919
2,592
20.006
5,745
.53I32
Oct.-Nov
6333
579
MUwaukee
Same time
Tuesday.
52532 June-July
,,— Nov.-Dec
52*32 Jiily-.\ug
May-Juno
May-June.. 52932®'^16
3i5i6 July-Aug
June-July.. 5i5i6®3i32 Jiuie-July
6I33
6I16
Aug.-Sopt
July-Aug
July-Aug
May
At—
Delivery.
June-July...
d.
Corn,
bush.
Wieal,
Flour,
bbl».
.o'8
53i
....
(From the " Xew York Produce Exchange Weekly.")
Receipts of flour and grain at Western lake and riv
for the week ending May 14, 1881
SATURDAY.
May
.
Peas— Can'da.b.&f.
Dull.
Dull
(
.
5^
Nov.-Dec
Dec.-Jan
July-Aug
5i5i6
32532
52332
52332
6I32
6i8
Aug.-Sept
August
Flour
33,212.934
11,258.568
3,117,234
74,036.263
89,164,970
22.550,757
10,053.517
3,610,410
77.113,231
69,218,000
24,949.746
9,123.522
4,074,175
66,657,213
65,081,933
20,337,493
8,986,205
3,504,935
Total grain.... 207,629,235
199.445,922
184,483.724
165.067.784
Wheat
6%
0-^32
034
Aug.-Sept...
I
May-June
Dec.-Jan
.63..
•32
525,
5%
BREADSTUFFS.
FBIDAY, P. M.,
May
20, 1881.
There has been an active flour market during the past week,
and prices have had an upward tendency. The export demand
las been large, and the home trade very fair. It would appear
that orders had been delayed in anticipation of 'fuller supplies
until they could be put off no longer. A ffeature of the market
Jb.as been tbe urgent demand for median^ to prime extras from
bash.
corn
Oats
Barley
Eye...
67,456,329
9^584.170
Comparative shipments of flour and grain from the same
years:
ports from Dec. 27 to May 14, inclusive, for four
*
* nnn
1 Q-70
1878.
1879.
1880.
1881.
2,218,9902,570,111
1,839,462
3,119,803
bbls.
Flour
20,663,O0S
16,641,326
13,209,101
bnah. 13,381,971
Wheat
24,409,482
23.317,392
35,699,622
25,159,372
Oora
4,546,824
0,710,695
7,075,891
9,783,.503
Oats
1,423.910
1,808,025
1,414,712
1,811.597
Barley
l,189,77i>
962,920
723,199
892,210
Rye...
52,233,003
49,440,358
58,122,325
51,033,653
Totalgram....
_
:
Mat
THE CHRONICLE.
21. 1881.]
Rail shipments from Western lake and rirer ports for the
weeks ended
1881.
Flour
Wheat
Mau
92,349
70,020
237,689
469,121
285,958
26,384
21,198
107,481
455,143
582,470
67,018
38,447
554,622
401,988
917,582
471,581
34,007
1.039,250
1,250,589
1.982,501
buBh.
Com
0«to
Barley
Rye
Total
Week
Week
.Vauia.
72,405
bbto.
,
1878.
1879.
1880.
TItek
itaulA.
7(),5U
Week
May
17.
794,3.58
511,190
65,897
68,434
IS.
40,'<53
1,866,111
Rail and lake shipments from same ports for last four weeks
~
"
"
"•
Barley,
Week
Flour,
Corn,
Oalt,
Rye,
Wheal,
bufih.
hutth.
ending—
oole.
bneh.
htish.
buan.
May
May
14... 90,181
April
.'W...
7. ..122,553
166,609
Aprtl23...175,905
2,006,025
2,081,328
1,187,940
1,313,921
1,668.638
2,380.943
1. 990,90a
2,055,719
374.964
439.243
500.062
855,674
27,384 21,733
47.987 25.339
53,695 37.070
56,162 38,743
18.5,228 122,895
Tot.,4wk8.555,2 48 6.619,814 7,105,209 2,169.913
4w'lu'80..484.015 5,160,276 9,766,094 2,614,943 255.837 191,409
Receipts of flour and grain at seaboard ports for the week
ended May
14:
Flour,
M-
Hew York
Boston
Portland
Montreal
PWladelpliia
Baltimore
New Orleans
WTteat,
Com,
Oalg,
bbl».
bush,
bush.
hush.
75.645
47,475
1,500
931,976
142,115
37,600
238,295
205,000
196,025
106,595
696,924
191,750
4.400
42,759
01,500
72.800
350,565
136,950
37,625
1,200
40,531
41,650
5,000
37,035
32.4,54
15,835
47.211
1 0,002
Barley,
bush.
Rye,
bush.
12,6.J0
9,934
500
559
state of the weather,
lighter
which interrupted the sale of some of the
summer fabrics.
Domestic Cotton Go<jd8.—The exports of domestics from this
port during the week ending May 17 aggregated 2,697 packages, including 1,312 to China, 230 to British Honduras, 209 to
Great Britain, 209 to Chiii, 143 to Hayti, 107 to U. 8. of Colombia, 104 to Mexico, and a number of smaller parcels to other
destinations.
There was an irregular demand for cotton goods
by package buyers, but the best makes of plain and colored
cottons were distributed in considerable quantities at steady
prices, and there was a large movement in printing cloths, which
arrested the attention of buyers in want of low-grade brown
and bleached goods, which were more freely taken at the present
relatively low prices.
Print cloths were in active demand, and
there was a sharp advance in prices, extra 64x648 closing at
3%(S4c. and 56.x608 at 3%(a3?^c. Prints were quiet and unsettled, with the exception of a few of the best makes, which are
steadily held.
Lawns and piques were in irregular demand,
but some considerable sales of "off styles" were made by means
Ginghams continued active and firm, in
and second hands, and low prices enabled agents to
of price concessions.
28,425
15,600
2,000
both
first
move
fair quantities of cotton dress goods.
Domestic Woolen Goods.
week
230.152 1,857,606 1.120,698 299,991 28,750 40,359
week '80.... 159,071 2,2.53,099 2,932,659 747,281 116,150 103,250
Total receipts at same ports from Dec. 27 to May 14, inclaive, for four years
Total
Oor.
—There was a steady movement
in
worsted coatings, &c., in execution
of former orders, and new business, though spasmodic and
irregular, was fairly satisfactory in volume. Leading makes
heavy cassimeres,
of
suitings,
heavy cassimeres are largely sold
to arrive,
and prices o£
such fabrics are now firmly maintained on the present low
basis; but goods not strictly in accordance with the requireFlour
bbU.
ments of the trade are slow of sale and in ample supply.
Wheat
bush. 24.578.519
29.900,018
20,714,617
26,071,085 Spring woolens ruled quiet in agents' hands, but a good busi40,339,6'<8 ness was reported by cloth jobbers having attractive lines to
Com
48.074,600
40,370.743
31,270,616
Oats
7,928,46r»
7,514.640
7,022,468
5,939,393 offer at relatively low figures. Kentucky jeans have received
Barley
1,914.608
1,551.779
1,380,267
2,147,517
625,198
487,386
1,250,186
1,636,139 more attention^ and some fair sales were made (in exceptional
Bye
cases) by agents disposed to grant price concessions to buyers
Total grain .... 66,317,409
78.343,052
79.923,682
76,153,822 of round lots. Satinets remained inactive, but fairly steady.
Exports from United States seaboard ports and from Montreal There was some inquiry for flannels and blankets by early
(or week ending
May 14, 1881:
buyers, but business was light, and worsted dress goods were
""
"
~
~.
Flour,
Peas, sluggish; but there was a fair demand for Shetland shawls, and
Wheat,
Com,
Oals,
Rye,
Fivim —
bush.
bbts.
bush.
bush.
bush.
bush,
Sew York
63,964
726,685
423,106
4,029
9,073
1,256 some considerable lots of knit underwear were taken by Western buyers for shipment by canal.
Boston
144,903
30,172
75,692
Portland
37,609
14,703
Foreign Dry Goods There was an unimportant demand for
Montreal
7,412
435
89,574 foreign goods at first hands, and selections were almost wholly
Philadelphia.
1,250
113,924
66,013
restricted to small lots required for the replenishment of
Baltimore
10,342
418,594
367,508
New Orleans..
261
150,162
15
214,989
broken stocks. A fair bu.siness was, however, reported by jobbers and retailers, and moderate quantities of silks, millinery
Total for w'k 115,301 1,592.868 1,117,743
4,044
9,073 105,533
Same time '80. 119,911 1,787,559 1,436,305 101,846 26,110 164,675 goods, hosiery and gloves, Canton matting. &c were distributed
The visible supply of grain, comprising the stocks in granary through the auction rooms at about their market value.
Importations of Dry Goods.
at the principal points of accumulation at lake and seaboard
ports, and in transit by Lake canal and rail, May 14, 1881
The importations of dry goods at this port for the week
Corn,
Wheat,
Oats,
Barley,
Rye, ending May 19, 1881 and since January 1, and the same facts
In store at—
bush.
bush.
bush.
bush.
bush.
New York
170,009 595,305
084.882
38,475
31,570 for the corresponding periods of 1880, are as follows:
:
1S81.
4,994,897
1880.
3.334,911
1878.
3,241,575
1879.
3,794,463
.
—
.
,
Canal
115,000
125,000
5.000
13,000
34,000
257,628
60,395
6,578
5.860,569 3,214,1701,315,981
2,501,439
17.692
47,423
1,338,000
5,000
486.585
207,140
48,084
253.452
38.606
4,001
25,000
50,000
295.913
695,862
27,S96
93,043
13,851
4,635
226,660
7,691
39.426
13.072
22,901
114,690
2,900
75.000
28,035
195,675 223,345
108,400
90.900
57,800
100,079
47,292
34,696
298,236
126,680
265,520
176,834
.......
694,421 358,650
416,629
1,503,416 1,323,683
89.106
1.230,000 3,890,000
76,669
Tot.
May. 14,'81 16.277,622 11.017,188 3,154,761
Do. afloat
(est.)
Albany
Buflfalo
Shica«o
Milwaukee
Duluth
Toledo
Detroit
Oswego
(est.)
Lonls
Boston
Toronto
Montreal (est.)
PhUadelphla
Peoria
IndlanapolU
8t.
..
Kansas City
Baltimore
Down Mississippi,
OnraU
On lake
May
7, '81
April 30, '91.
April 23, '81.
April 16, '81.
May
15, '80..
...
...
...
...
17,656.198
18.526,123
19,820,832
20,456,502
20,357,948
ll,879,y61 3.190,602
13.034,769 3.161.200
12,829,188 3,217,537
13,378,708 3,050,061
12,092,164 2,024,787
78,000
40,000
63,001
90.724
142,139
12,000
4.744
88.000
1.476
7,722
69,557
14.000
23.000
3.458
55,902
7,121
K
2£
e:
S
;
§;
B
§
S,
si
£
I;
f:
25,000
3,287
808
9,375
%•©
804
350
11,575
680
I-*
0<
OD
I
*
-^ 0«
t-*
to
28,334
1,000
190,000
25,.598
856,326
222.909
400,353
339.587
298,288
329,661
490,693
1,091.77
1,276,178
1,440.073
1,599.933
636,787
P. M.,
May
COM
iJi'
tout
t-'t-'
COXQCtOCO
O M to
13 ro
001
wp
535
cobs
COM
CO 01
*fcO
it>.a«*-cn
f
M*'COM
COM^C^tO
^-to^ptf-
ptOCOp_^*«9
wccViiflbs
MQf.C0Orf*>
OSMM^OCO
MOOMCOCO
-^ODaiCSC'
11,000
ACO
01 00
Pi* ppDM*>.«i
Oi ,(».
rfk.
I-* «.!
OlccroOOt
cobs
MM MM to
1(^00
Sauo*>QD
bbi
®i03i*«c;»
MCOQCtOtO
There was a somewhat freer movement in certain descripdry goods the past week, but the market as a whole
was devoid of animation. The opening of navigation has
induced some of the larger Western jobbers, who avail themselves of cheap water transportation, to anticipate future
requirements to some extent, and their operations in the most
staple fabrics were conducted on a rather more liberal scale
than for some time past. Woolen goods continued in fair
demand by the clothing trade, and there was more urgency on
the part of this class of buyers to obtain deliveries of heavy
woolens in execution of previous orders. Foreign goods were
tions of
mostly quiet in first hands, as is usually the case at this
advanced stage of the season. The jobbing trade has been of
fair average proi>ortions, notwithstanding the unfavorable
OS<l
W Q a» » M M
ccj ®w^MCi_
CCi^
o'<i
Oi
«to
oco
oto
Vo
K-OD
oeo
dODMOiCO
t;>ao
CO QD
MCOQOMCO
MWQDMp
0»M^O^
M*'C0**O
<l ^ 31 CO GC
Mp^^OOp
CxOW^-Oi
COMMOM
M**014>'C0
OSCMWCO
MWQCSO
itwooorcpM
coos
pCO^^MM
"cOOTDtSO
>-M
cDCocnCi^
01 01*- 3. CO
OS CO
MOD
it>.
coot Otf^CO
pto*'jow
ICCsOOOO
WCOMMM
oipp^p
VtOtilbsOD
C;i J..
OMCOOlio
20, 1881.
oi^M®OD
WMtOW"—
coo
THE DRY GOODS TRADE.
FWDAT,
n
Ol yi
i,T
^.
CD
ODXCOMCO
MdJMM
M pDp-QI5
C-rf^CS-JO
CO CO
*>.
TD
CC
)(-
X M CO
wi
tC
M
COCOMCOM
pc;potf«>
o-gc«i— **
CO
p®
MMtOMkO
MO
0130
ccTjoocooi
W!0_iF*tOp
co*;o
cioa
<llOfr3kdO
-J gp ^> <i
g
UOS
WM
coco
CO •^•^ CO CO
OSQOC^i^^i^
ViobsMos
CD CO CO OS CO
cocaocoyi
MMMtOU
ODM
^-W
P|3
coV
OSM
MO
MCJtVutcO
MCOMOOb
cccoM^;;*
"i^Vibsb*.
coi^osftcn
iU(U"JC'0
*lMO<C0rf*-
CO^ — O W
V^bcob
gi.f>-cjta^i
Ptq
;
:
THE CHRONICLE.
660
&
Morgan
Drexel
&
K*. M South Thibd
TOHK.
St.,
31
DOMESTIC AND FOHEIGN BANKKK8.
moROAN &
&
No. 69
\rALL
ST., N.
inCNROE &
Co.,
IT.,
ALEXANDERS
OF EXCHANGE
BIL,L.S
ON CHEAT BIIITAINAND
IllELAND, FRANCB,
GKUMAffY, BELGIUM AND HOLLAND.
Issne Commercial and Travelers' Credits
ly siERLwa,
AVAILABLE IN ANY PART OF THE WORLD.
And
In Francs, In
&
on Foreign Conntries .
&
G.
G. C. Ward,
SARING BROTHERS & COMPANY,
S2 WALL STREET. NEW YORK.
38 8TATK STREET, BOiSTON.
PAYNE
TOHK.
Issue Letters of Credit for Travelers,
SMITH'S,
MANCHESTER & COUNTY BANK,
"LLMITED;"
also
8ata
&
New
Cor. Wall and Nassaa Sts.,
York.
EDINBUKG, AND BRANCHES;
Hilmers,McGowan & Co
BROKERS IN
Foreign Excliange, Stocks and Bonds,
63 IVall Street, New Yorlc.
Special attention paid to orders at the New York
Stock Exchange and New York Mioing Board.
New
SAN FRANCISCO.
York Agency, 62 IVall
SURPLUS, INVESTED IN U.
84,000,000 GOLD.
L.
S.
BRANDER,
St.
BONDS,
THE
CORRESPONDENTS.-
Anglo-Californian Bank
BARING BROTHERS •& CO., London.
PERIER FRERES d: CO., Parts.
MENDELSSOHN dc CO., Berlin.
(LIMITED).
LONDON, Head Office, 3 Angel Conrt.
SAN FRANCISCO Office, 42S California
Agents, J.
Lichtenstein,
St., cor.
NEW
Excbanse Place.
YORK.
lUke Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Letters of
Credit
principal cities of Europe.
BerUn.
Blake Brothers & Co
LONDON, ENGLAND.
,
Grant commercial and travelers' credits, negotiate
loans, make advances on merchandise, and transact B general financial commission business,
COKBISPONDIKTa
NEW TORK AND
& CO.,
BOSTON.
-
j
and Cable
Transfers grant Commercial and Travelers Credits
available in any part of the world issue drafts on
and make collections In Chicago and throughout
the Dominion of Canada.
sell
Sterling Exchange, Francs
;
;
London
Office,
No. 9 Blrchln Lane.
Nederlandsch Indische
Handelsbank,
AMSTERDAM, HOLLAND.
ESTABLISHBD IN
1863.
($4,S00,000 Gold.)
HE.\D OFFICE IN AMSTERDAM.
Agencies
$6,000,000.
1,700,000.
it, Batavia. Soerabaya and Samarang.
Correspondents in Padung.
Issue commercial credits, make advances on shiP'
ments of staple merchandise, and transact othef
business of a financial character in connection wltb
he trade with the Dutch East Indies.
BLAKE BROTHERS &
CO.,
Agents for North America
18 WALL STREET, NEW TORK,
t>8 STATE STREET, BOSTON
IGNATX STEINHART, J
LILIENTHAL. Cashier.
Nederlandsche
Canadian Banks.
PARTNERS
U^KB BROTHERS k CO., Boston and New Tork
BMH, HEINBMANN,
London.
V. BARRON BLAKE,
BLAKE BBOTHEES
•
OfFICE,
WALL STREET
61
Waltek Watson,) ASentS
AMntu
St.
Transact a general banking business. Issne Commercial credits and Bills of Exchange, available In
all parts of the world. Collections and orders for
Bonds, Stocks, etc., executed upon the mostfavorFRED'K F. LOW,
ableterms.
lM»n«»,^
*""*««"•
P. N.
SPECIAL PARTNER,
DEUTSCHE BANK,
Authorized Capital,
&
Pald-Up Capital, 13,000,000 Gntldera
* W. Selieman&Co.
Paid up and Reserve,
President.
8MITHEES, General Manager.
NEW YOBR
Noa. 69
BOSTON Correspond'ts, Massachusetts N. B'k.
BANKERS,
all
C. F.
Foreign Bankers.
COMMEBCIAL AND TbATELEBS' CBEDITS.
NKW KORK
$13,000,000, Gold.
6,000,000, bold.
•
GEORGE STEPHEN,
Asent.
AND
•• irilUani
CAPITAL,
SURPLUS,
ALKX'B LANG,
ISSUES Commercial and Travelers' Credits, available in any part of the world. Draws Exchange,
Foreign and Inland, and makes Transfers of Money
by Telegraph and Cable.
&
Bank of Montreal.
Buy and
GEORGE
Knoblauch
^lLi"w^i^N^"°-{ Agents.
NATIONAL BANK OF SCOTLAND,
FOREIGN BANKERS.
CABLE TRANSFERS, BILLS OF EXCHANGE
WALL STREET.
on Canada, British Colombia, Portland, Oregon,
Francisco and Chicago.
Bills collected and other banking business trans-
OP
BOSTON, MASS.,
i
Buy and sell Sterling Bxobange and Cable Transfers. Issue demand drafts on Scotland and Ireland,
ULSTER BANKINS COMPANY,
The Nevada Bank
Co.,
JB.,
North America,
No. 63
MANCHESTER, PAYABLE IN LONDON;
Exchange and make telegraphic
transfers of money on Europe and California.
Kidder, Peabody
British
;
Calilornta Banks.
Bills of
(
UAKKI8
OF
Payable In any part of Europe, Asia, Africa, Australia and America.
Draw
B.
Bank
Sc
BANKERS, LONDON
Kx-
AGENCY OF THE
Co.,
AXSO,
BANKERS,
94 BROADWAT,
NEW
&
Stuart
sells Sterling
Neiv York Agency, 4S Exclianee-place.
I«ENRY HAGUE
A,r.nt«
•*««'"•
33
CABLE T3ANSrKR8 AND LETTERS OF CREDIT
& W. Seligman& Co.,
J.
The New York Agency buys and
chanKC, Cable Transfers, issues Credits available In
all parts of the world, makes collections in Canada
and elsewhere, and issues Drafts payable at any of
the oflices of the bank in Canada. Demand Drafts
Issued payable in Scotland and Ireland, and every
description of foreign bunking business undertaken.
JOUN
BELFAST, IRELAND
AND OK TEB
aobnts fob
No.
LONDON.
CO.,
dc
J.
NASSAU STREET.
BILLS OF ixCHANGE ON
J.
Martinique and Guadaloope.
Between this and other countries, through London
and Paris.
Make Collections of Drafts drawn abroad on all
points in the United States and Canada, and
of Drafu drawn in the United States
S.
Co.,
ESQ.
OFFICE, MONTREAL.
OEOROE HAGUE, General Manager.
WM. J. INGRAM. Asst. General Manager
BANKERS
LONDON, BNG.— The Clydesdale Banking Comp'y.
NEW YORK— The Bank of New York. N. B. A.
CrBnuuLB NoTBS Ain> Cbbdits foe Tbatblbbs.
SHAKE TEI^EGRAPHIC TRANSFERS
SMITH,
UF inoNEir
^
HEAD
STKBLme CHEQUES AND BILLS AT SIXTY
DATS' SIGHT ON
B0T AND SELL
JOUN HAMILTON.
JOHN MCLENNAN,
Hon.
Vice-President,
PARIS.
CO.,
$5,500,000 Paid Up.
-
President, the
No. 8 TVall Street, New York,
No. 4 Post Office Sqnare, Beaton.
CHEQUES AND CABLE TRANSFERS ON
Attob-nbts and Aqbnts of
CO.,
niessrs. J, 8.
No. 82 OLD BROAD 8T„ LONDON,
Brothers
Capital,
parts of the
&
John Munroe
Travelers,
Circular Letters for
arallable In all parts »f the world.
all
and their correspondents.
.\lso Commercial Credits and Transfers of Money
on California, Europe and Havana.
Deposits received subject to Draft. Securities, Gold,
Uibls Transfers.
OF
CANADA,
MESSRS. DE ROTHSCHILD
Paris.
CtDonghtaudfloldoDConiniiseion. Interest allowed
on Deposits. Foreign Kzchange. Commercial Cretlllft.
Brown
Merchants' Bank
Co.,
31 Nassan Street,
Issue Travelers' Credits, available in
world, through the
C«
Bonlerard Hatusmano
Fblladelplila.
&
Kos. 19
&
Drexel, Harjes
Co.,
&
Co., August Belmont
BANKERS,
WAIil. STREET,
CORNXR OF BROAD, NBW
XXXn.
Canadian Banks.
Foreign Exchange.
Foreign Exchange.
Drexel,
[Vol.
Imperial Bank of Canada Handel-Maatschappij,
Tlie
Capital, $1,000,000.
H.
8.
HOWLAND, Pres't
BEAD
D. R.
WILKIB,
OFFICE, TORONTO.
BRANCHES:
ESTABLISKD
St. Catharines, Port Colborne, St. Thomas, Ingersoll,
Welland, Fergus, Woodstock, Winnipeg, Man.
Dealers in American Currency & Sterling Exchange.
Agents in New York:
Agents in London
BOSANQUET. Salt &'Co., Bank op Montiieal,
511 Wall Street.
7S Lombard Streeft,
T
:
1
Promptest attention paid to collections payable
any part of Canada.
Approved Canadian business paper, payable
Netherland Trading Society
OF HOLLAND,
Cashier.
In
in
gold or currency, discounted at tue Head Office on
reasonable terms, and proceeds remitted to ny
part of the United States by draft on New York.
1824.
Pald-np Capital, 36,000,000 Florin*.
($14,400,000, Gold.)
Execute orders for the purchase or sale of Mercban*
disc. Bonds, Stocks, and other securities. In the
United states, Europe and the East make Collections
buy and sell Foreign Exchange, and give advances
upon Merchandise for Export.
OLIVKIt S. CARTER, 1 Agents
;
Hbw
STANTON BLAKE.
HENRY E. HAWLEY,
Yobk, January
Office,
1,
>
)
for
America
18W.
143 Pearl Street, Neiv Yorlc
.
May
THE CHRONICLR
21, 1881.1
Foreign Bankers.
Hong Kong &
Financial.
Shanghai
»S.0OO.00e
1,800,000
No. S
itse of Tnivelors, and nOKotlate or collect
Bi ll8pnyttble lit Bom bay, Calcutta, 8in(fapore.Hui«on
Manila, IIonK Kontf, Foocliow, Amoy, NinKpo,
tihatiKhai, Hiinkow, Yokohama, Uiogo, San Krancia-
co and London.
TOWNSEND, AKent,
69 TTall
St.
Adolph Boissevain & Co,
BARKERS
AMD
COminiSSION nERCHANIS,
Member
A
BLAKR
R^os,
General Banking Bnaiuesn Tranancted.
Deposits received subject to check at sight.
4 percent Interest allowed on all dully balances.
Ordnrs executed at London. San Francisco, Boston. rUi]iitleli)lilu and Daltitnorc Exchanges.
1'. ».-.My New York Weekly Financial Report
mailed free of charge on application,
The Brooklyn Trust Co.
Cor.ofMontaffueA Clinton sts., Brooklyn, N. Y,
This Company is authorized by special charter to
act as recelrer, trustee, guardian, executor, or administrator.
It can act as affent in the sale or management of
real eHtate, collect interest or dividends, receive
registry and transfer books, or make purchase and
sale of Government and otlier securities.
Keligious and charitable Institutions, and persons
anaccustomed to the transaction of business, will
find this Company a safe and convenient depository
RIPLEY UOPES. President.
tor money.
CHAS. K. MAUVIN. Vice-Pres't.
Alex. McCue,
Xlenry Sanger,
('has.
R.Marvin. A. A. Low.
E. F. Knowlton, Abm. B. Uaylls. Henry K. Sheldon,
H, K. Pierrepont. Dan'l Chauncey, John T. Martin,
Alex.M. White, Josiah O. Low, Ripley Ropes,
Austin Corbin. Edmund W. Corlles.
WM. R. BUNKER, Secretary,
JoHK
Kennedy.
8.
Kennedy
&
Kennedy
S.
J.
J.
New Ifork.
BUT AND SELL
CoLLicT Coupons and dividends
NEGOTIATB LOANS AND DRAW BILLS OF
KXCHANQB ON LONDON
WM.
21
NOYES,
C.
Schley,
B BO KE B
GAS STOCKS A^D BO\DS,
TELEGRAPH STOCKS,
TRUST COMPANYS' STOCKS,
Stocks & Bonds
CHf and other Bailroad
AND
MISCELLANEOUS SECURITIES.
&
Scranton
ra
BROADWAY AND
No
Willard,
NEW STREET
A. H. Brown
&
Co.,
BANKERS AND BROKERS,
St., Cor. New, New fork.
INVESTMENT SECURITIES.
T W^all
Special attention to business of country banks.
Fred H. Smith,
BANKER AND BROKER,
No. 13
BROAD STREET, JfEW YORK.
RAILROAD SECURITIES
(An Intimate knowledge of
all
for the past 10 Tear
A SPKCIALTT.
Investors or Dealers wishing to bay or sell are
Invited to communicate.
State, Municipal and
Ballway Bends and Coupons bought and sold at best
Market Rates.
Schulz
&
Ruckgaber,
B ANKEES,
Street, New TTork.
CORRESPONDENTS OF THE
32 William
International
Bank
of Liondon
(L.lmlteil),
liOnilon.
Menn. John
BerenbcrK, Uonoler
llainbnrg.
& Co.,
CommercUl and
Traveler*' Credits. BlUs of Kxcbange. '^ ible ransf ers.
D. Probst
&
Co.,
STOCK AND BOND BROKERS,
J.
no. 82
exchange place, new york.
Stocks, Raiuioad Bonds, Ooyernments and
11U0IU.AHE0U8 BlCUSIIIia BOCOHT AND SOLD.
the Ol'K.V MARKET. LOANS
J'Al'EK negotiated. Interest
paid on DEPOSITS, subject to check.
In
COMMKKCIAL
DBANCH OFFICE
No. 661 Fifth Ave., under Hotel
Delmonico*s,
Philadelphia.
lUNDER CHARGE OF
Bailey,
S.
7
Insurance
COMMISSION.
COMMERCIAL PAPER NEGOTIATED.
D. Seymour Willard,
Members N. Y. Stock Exchange.
Jr.
Cyrus W. field
Lapsley, Field
&
Co.,
STOCK RROKERS,
No. 15 BROAD STREET,
New Iforli.
Foote,
No. 13 ITALI.
STREET,
AND SKLI,
GOVERNMENT BONDS, STOCKS AND MISCELLANEOUS SECURITIES.
BITT
Buttrick
&
Elliman,
BANKERS AND RROKERS,
&
39 -WttU
St,
New
York.
BONDS, STOCKS and INVESTMENT SECURITIES
BOUGHT AND SOLD ON COMMISSION.
C. A. Buttrick, Member of the N. Y. Stock Exeh'Ke
Wm. Ellim A N. Mem ber of the N.Y. Mining Exeh'Ke
New York, New England & Western
INVESTMENT
Nos. 31
AND
33
PINE
Tfork CItr. Chlcnao, Cincinnati,
Lioula, Uistrict of Coliniibia, and
GoTcrnment Securitiei*.
H.
ST.,
-
St.
WALL
STREET.
F.
.
Kimball
W. PBBET.
&
Co.,
J.
BANKERS AND BROKERS,
No. as Nassau Street, New Y'oik.
Thirteen Tears' Membership in New York Stock
Exchange.
R.J. Kimball, A. B. Lounsbert, F. B. Ballabd.
Members of N. T. Stock Ezchanee.
Lansdale
Boardman,
STOCK BROKER,
No.
80
BROADWAY, Rooms
37
<t
38<
Bbanch
Office, Tboy, N. y.,
Connected bj Prirate Wire.
ALL securities dealt in at the New York Stock
Exchange bought and sold on commission and car-
ried on a fair margin.
I.NTEREST allowed on
credit balances.
R. A. Lancaster & Co.,
BANKERS AND BROEBRS,
66 BHOADWAY, NEW ITORK,
DEALERS IN
Ffrst-CIass luvestment Secarltles.
GOVERNMENT BONUS, STATE. CITY, COUNTY
RAILROAD* MISCELLANEOUS 8ECDRITIKB
Bought and Sold on Commission.
Virginia Tax- Receivable Coupon* Bouoht.
SOalHERN SECUKITIBS A KPEOIALIT.
loans negotiated.
Interest Allowed on Deposits.
tSoodt^t
CO.,
NEW
^
YORK,
UNION BULLDING, CHICAGO.
CAPITAI4 STOCK,
LAIBAM
Stocks R.
Howard Lapslet,
&
New
2
Cash paid at once for the above Secnrities or
they will be sold on commission, at seUer's option.
Hatch
H. Latham & Co.,
J.
INVESTWEXT SECURITIES,
J.
A SPECIALITY.
Nos. 37
Co.,
BANKERS AND BROKERS,
64 Trail Street, New York.
STOCKS AND BONDS BOUGHT AND SOLD ON
FOREIGN EXCHANGE.
PINE STREET.
Dealings in
BANKERS,
&
Sand Brothers
Cumberland,
aSAIN AND PROVISION DEPARTMENT
E.
Oabome.
THBO. V. SANP.
JOHN SICKXI.8.
Max K. Sand, Member N. Y. Stock Uxob.
PRIVATE WIRES TO
Special.
NEW YORK.
YORK
classes of Securities dealt In ut the .N'KW
STOCK EXrHA>'GK. or nil ruputubic S.-curltle«
13
Cyrus W. field,
S,
STREET,
13 WAIili
Prrchase and sell on Commission OOVERNMKNT
anc UAILKOAD BONUS and STOCKS, and all
:
;
&
Union Bank of London.
bouuhtandsokl
DEALER IN
KBNEST GROE3BECK,
GRANT B. SCHLBT,
Members N. r. Stock ExchaBge
Groesbeck
railroad and municipal bonds negotiated*
exchange booKbt and sold. Brafts on
Sterllnff
iHid
NASSAU STREET, NE\F YORK,
;
All business relatina; to the Construction and
Bqglpment of RaHroads undertaken.
Sound
10.
niessra. L. G. QUINLIN <Sc CO.
Chicago Correspondents. JOHN T. LESTER A CO.
RAILROAD INVESIMEKT SECURITIES;
commission.
gIijJ»JS,pOIIDEpjyEj^INJ^
Members New York Mining Stock Exchange.
COHKESPONDENCE SOLICITED.
Gilsey House,
WILLIAM STREET,
No. 63
!•
Gilder,
BROADWAY, ROOM
Windsor Hotel,
MERCHANTS,
York*
Accountfl and Ajcency of Banks, Corporation**
Onus and Indlrlduals received upon faTorable terms.
Dividends and Interest collected and remitted.
Act as agents for corporations In paying cODpona
and dividends'; also as transfer airents.
Bonds, stocks and soouritlos bouxbt and sold OB
STOCKS. BOM>.4 AND MISCELLANEOUS
SECURITIES
BOUGHT AND SOLD ON COMMISSION.
Tod.
Co.,
&
Henry
TRUSTEES:
John P. Rolfe,
BANKERS,
Street, New
WlllUm
W. HOWARD OILDKR
ClIARLES SETON IlENRr.
* ro
Financinl.
and sold oa commlcslon for cash
Advances made on approved collateral at the
market rate.
52
Wm. B. Kendall,
63
Co.,
of tht X. T. Stock Exchange.
Securities bought
or on margin.
AMSTERDAM, HOLLAND.
K. Y. Corr««ponrtent«.— Mewrs.
BROAD OR 27 WALL. STREETS,
NEW YORK,
ot
Crodit for
&
Jesup, Paton
BAKKEB AXD BBOKER,
BEAD OFFICE, HONO KONO.
The Corporation f;rrant Drafts, Issue Letters
A. m.
E. Trowbridge,
F.
BANKING CORPORATION.
CAPITAL (Pttld-up)
BESKUVB S'LINU
FloanclaK
$1,000,000
Offers to Investors carefully-selected securltie
DearinK from 6 to 8 per cent interest. InTestment
securities buuiihtand sold on commission. Settlements made for liolders of defaulted securities
Will act as iicents in f undinjj and reorKunlzing debti
of municipalities, railroad companies, and other
corporations. Correspondence solicited.
>
John C. Shout, President,
j^
vnpk
OSOKOE W. DEUKVOI8K, V. Pres. } ^^^ TIOTK,
Wm. p. Watson, Sec. and Treaa.,Ctalea4E0.
BANKER
eo^
N,
58 Broadway, cor. Exchange Place,
TRANSACT A GENERAL BANKING BUSINESS
INCLUDING THE PURCHASE AND SALE OF
STOCKS AND BONDS FOR CASH OR ON MARGIN. BUY AND SELL COMMERCIAL PAPER.
P. O. Boi. 447.
D. A.
BOODT.
REUBEN LXI.ANO.
W
C.
F. O.
McLeLLAN, JB.
BALTONSTAJX,
:
THE (JHRONICLE.
1
'OIORQK STABK.
George Stark
John
F.
&
Co.,
BANKERS,
BEOADWAY, NEW
No. 42
Commercial Card§.
Financial.
Financial.
ESTABI/ISHED
Stare.
Coleman Benedict & Co.
YOKE.
But and sell InTestment Securities for cash or on
fiommlsBlOD. A spedaHj made of Western Farm
3Iartgages bearing from 7 to 10 per cent interest.
Will undertake the negotiation of loans upon
"Western CItr propertr in large or small amounts
Wright,
1864.
No. 24
BROAD
NEW YORK,
ST.,
XXXU
Vol.
STOCKS AND BONDS,
BROWN AND BLEACHED
Sistare's Sons,
NASSAU
ST., NEW YORK,
X7
HHIRTINiJS
AND 8UEET1NGS,
PRINTS, DENIMS, TICKS, DUCKS, &0.
Towela, Quilts, White Gooda and Hoslerr.
Drills, Sheetings, tic, tor
correspondents
Geo. K.
Fabyan,
New York, Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRANDg
MEMBERS OF THE N. Y STOCK EXCHANOK.
A strictly commission business conducted in the
purchase and sale
dtocto and Bonds on Margin
or for investment.
Complete Financial Report Issued weekly to O'sr
&
Bliss
Export Trade.
George A. Clark
&
Bro.,
DBAIiEBS IN
INVESTMEXTS.
riRST-CLASS
Bay and
Sell
on Commission, for cash or on mar-
New
gin, all securities dealt In at the
Yorii Stocii
CaJ
BANKERS.
STREET,
Co.
Exchange.
Interest allowed on dally balances.
All deposits subject to ohecli at sight.
Particular attention to orders by mail or tele-
graph^
&
Gilman, Son
Co.,
BANKERS,
CEDAR STREET.
63
BOX 2.647.
A.M.Kidder, watland Trase. H. J.Morsi
ties.
Simon Borg,
W.
SOCTHEKN SECCRITIES A SPECIALTT.
flee
SALES
BROADWAY,
No. 7
BONDS,
SECURITIES, CITY
1
NEW STREET,
YORK.
Gwynne & Day,
fEetabUslied 1854.]
No. 45 Wall
Sti'eet
Transact a general banking and brokerage business in Railway Shares and Bonds and OoTemmeot
securities.
Interest allowed on deposits.
Investmenta carefully attended tn.
Wm.
L.
NEW YORK.
Commercial Cards.
Turner
BrinckerholT,
&
Beers, Jr.,
NEW
^
PXNE STREET,
SOLD.
Gas Stocks, &c.,
No.
REGULAR AUCTION
of all classes of
Co.,
Manufacturers and Dealers
BROOKLYN
Wm.
BREE3E,
aoknts for
Waeblnston Mills, Cliicopee
infs. Co.
Burlington AVooIen Co.,
New SllIU,
Atlantic Cotton mills,
Saratoga Victory IWrg. Co , Ocean mills,
.
Peabodf
milla,
AND
13
j
Hosiery. Sblrts and DraTFCrs
From Various Mills.
new york,
boston,
& 45 White Street,
15 Chauncev Street
philadelphia,
j. w. dayto.n', 846 che8t.nu t street.
Steamships.
WEDNESDAYS AND SATURDAYS.
Quotations of City Railroads in this paper
N. T.
E.R.Mudge,Sawyer&Co
At Auction.
Undersigned hold
NEW Y©KK.
CITI BAILROAD STOCKS & BO>US
BOUGHT AND
BONDS
and
BROADWAV, NEW YORK.
400
Ellertou
4DR1AN H. MITEI.ER A SON
L. Grant,
No. 14S
Hill.
STOCKS AND BONDS
Bailroad and Inrestment Securities.
H.
C.
STOCKS
WALIi STREET, NEW YORK.
The
DEALER IN ALL KINDS OF
miLWARD'S HELIX NEEDLES
new York.
Transact a General Bankine Business, includlnK
the purchase and sale of STOCKS and BONDS for
cash or on mari?in.
Boj and Sell InTentment Securltlea.
P. O.
in addition to a General BanliinK Business, buy
and sell Gorernment Bonds and InTestment Securi-
No. 8
TYALL
No. 18
in
COTTON SAILDUCK
And
all
kin^s of
COTTON
CANVAS, FELTING DUCK, CAR
COVERING, BAGGING. RAVENS DUCK, SAIL
TWINES, &C., " ONTARIO " SEAMLESS
BAGS,
"AWNING
STRIPES."
ONEY
Direct Line to France.
GENERAL TRANSATLANTIC CO.
BETWEEN NEW YORK AND HAVRE.
From Pier (new) No. 42 North River,
Foot of Morton Street.
TraTelers by this line avoid both transit by Enirtish Hallway and the discomforts of crossing the
Channel in a small boat.
PEREIRE, Delaplane
Wed., May 25. 3 P. M.
LABRADOR, Jouela
Wed.. June 1,8:30 A.M.
ST. LAURENT, Servan
Wed.. June 8, 2 P.
PRICH OF PASSAGE, (includinu wine;
To Havre— First cabin. *100 and 1120; second
cabin, f tlO. SLeeraize $26. IncludinK wine, bedding
and utensils. Return tickets at very reduced rates.
Checks drawn on Credit Lyonnais of Paris tn
M
:
amounts to
suit.
FOR MARSEILLES,
Touching at Gibraltar and Barcelona.
The following steamers will leave New York direct
for Gibraltar
and Marseilles, taking freight and
passengers
Also, Agents
UNITED STATES BUNTING COMPANY.
A full suppl J, all Widths and Colors, always in stock.
No. 109 Dnane Street.
FERD. DE LEPSEPS. Baquesme
VILLE DE MARSEILLES, Cahour
May
28
June 8
Rates of Passage— First cabin, 9100: steerage, $32.
Through bills of lading issued to Mediterranean
Ports, including Barcelona, Algeria, Tunis, Genoa,
Leghorn, Naples, Messina; also, for Trieste and
Constantinople.
LOUIS DE BEBIAN,
p.
Agent,
BowIIde Green.
No.
Smith,
Members of New York Stock Exchange.
Breese
&
Insurance.
Smith,
HOME
BROKERS,
NEW
YORK.
No. 39 BROAD STREET,
Goyernment Bonds, Stoclcs and all Investment
bought
and
sold
on
commission.
Securities
^tu\ Wtm,
OOLD MEDAL,
Geo. H. Prentiss,
No. ir
WALIi STREET,
NEW
FAHIS, 1878.
Htj Celtbraua yumbera,
Y'ORK.
GAS STOCKS
303-404- 70-36 -332.
and hit oth*r $tylet maj/ be had of all itaivi
,
^
througlwut the
Joseph Oillott
AND
I
I
k Sons,
teorld,
New York.
OAS SECURITIES,
Insurance
OFFICE, 119 BROADWAY.
PUtr-FUth Semi-annual Statement,
SHOWING THB
CONDITION OF THE COMPANY ON THE FIRST
BAY OF JANUARY, 1881.
CASH CAPITAL
$3,000,000 00
Reserve for Unearned Premiums 1,931,273 00
289,986 16
Reserve for Unpaid Losses
STREET RAILROAD STOCKS AND BONDS
Net Surplus
AND ALL KINDS OF
CashAssetj
JBROOKLYK SECURITIES
DEALT
Vernam & Company,
SANKERS AND BROKERS,
New
Street,
New
York.
Buy and Sell Stocks, Bonds and Gorernments oa
Commission, either for InTestment or on mariln.
ALBERT H. V«RNAM,
EDWAED N. BOND.
aiember N. T. Stock Exchange.
pnfflCECOHIl
1
OF NEW YORK,
JF.S:WlNSTON, PRESIDENT
SSUES EVERr APPROVED DESCRIPTION O
POIICIEI
LIFE
AND ENDOWMENT
)H.T££MS AS rAVORABLE ^^ THOSE 01
AMY OXHER COMPANY. ^
^
ORGANIZED APR! U IZTH 1842.
asajssEisoip$8aooo,ooc
1,639,2-15
98
$6,860,505 14
SDinMARY OF ASSETS
Held
in the
MBNT
of
United States, available for the PAY.
LOSSES by FIHE and for the protec-
tion of Policy-Holders of
IN.
BEE GAS QUOTATIONS IN THIS PAPER.
No. 34
UTUAL LIF
Company
OF NEW^ YORK,
FIRE IN8URA>rCB:
CashinBanks
Bonds and mortgages, being
»256,lltf
87
1,881 ,80S
real estate (worth $4.268,050)
3,584.000
United States stocks (market value)
Bank and railroad stocks (market value) 407.442
192,760
State and municipal b'ds (market value)
Loans on stocks, payable on demand
323,880
(market value $568,369 00)
59,869
Interest due on 1st January, 1881 ..
118.085
Balance in hands of agents
OO
00
first lien
on
',
RealeaUte
ToUl
,
50
00
63
68
15
51,952 Bl
»6,860,50SU
CHAS. J. raARTIN, President.
J. B. WASHBURN, Secretary.
I
:
May
31, 1881.
:
THE (JHRONK^LE
|
Tli
Insurance,
THE
Hknbt H. Wabe.
OFFICE OP THE
ORIENT
Ware
ATLANTIC
Mutual Insurance Co.,
Insurance.
Cotton.
OFFICE OF
Mutual Insurance Co.,
January 25, 1881.
Tlio Trustees, iu conformity to the Cliarter of
Compauy, submit the following Statement
1880
of Its affaii-s on the Slat December,
Premiums on JIarino Eisks from
The following statement of the affairs of this
Company on the 3l8t day of Deocnibor, 1880, is
published In conformity wtt i the provisions, of
Its Charter
Premiiuus unearned Slst Decem-
$144,765 10
1879
Net premiums received during
theyearending31stDoc.,1880 1,041,702 03
$1,186,527 73
Total premiums
1st January, 1880, to 31st De$4,232,075 04
cember, 1880
Premiums on Policies not marked
1,495,947 23
off lat January, 1880
COTTON COMMISSION MERCHANTS^.
Premiums
$5,728,022 27
....
New
York.
Earned premiums of the year... $1,032,010
o,"i
$014,846 94
Losses and expenses
Special attenticn paid to the execution of ordam-
or the purchai^e or sale of contracts for f utnrv de>
Urery of cotton. Liberal Ldvances made on eod
Ignmenta.
WU.MOHR.
H. W.UANE1<AN.<C. CLEMBK!! Pikcbbb
Mohr, Hanemann& Co.,
COTTON BROKERS,
123 PEARL STREET,
NEW
Re-lnsuranco and return premTotal Marine
Schroeder,
January 27, 1881.
ber,
the
&
Ill Pearl Street,
New Yobk,
NEW YORK,
OlU.U.7 BCHROBDIV
YORK.
$249,915 99
iums
Special attention (riven to tbe execution of
from Ist
Jiinuary, 1880 to Slst Decem$4,141,087 80
ber, 1880
Premiums marked
ASSETS
off
Losses paid during the
pcriOQ
same
$2,071,238 98
Keturns of Premioms and expenses
$873,113 96
.'
Slst December, 1880.
03
2D
00
18
In banks
United States stock
Stocks of Corporations
Eealestato
$93,279
280,031
78,142
350,029
Subscription notes, bills receivable and uncollected premiums
386,597 78
Cash
Suspense acooimt and accrued
The Company has the following assets,
United States and State of New
York Stock,
viz.;
$3,983,558 00
Other Stocks
Loans seemed by Stocks and
1,187,900 00
otherwise
Real Estate and Claims duo the
Company, estimated at
Premium Notes and Bills Re-
470,000 00
1,628,921 34
ceivable
CashlnBauk
14,532 58
interest
Bank and
City,
$1,202,012 42
Total amount of assets
The Board of Trustees have this day
Resolved, That six per cent interest on the
outstanding Certificates of Profit be paid to the
holders thereof, or their legal representatives,
on or after 1st March next.
By order of the Board,
CHARLES IRVING, Secretary.
337,977 37
$12,603,356 71
Amount
Alex. M. Lawrence,
John D. mx,
Charles Munzinger,
Henry DeB.Routh,
SIX
PER CENT INTEREST on the outstand-
oertlflcates of profits will be paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the
Krst of February next.
THE OUTSTANDING CERTIFICATES
of
the Issue of 1S76 will be redeemed and paid to
the holders thereof, or their legal representatives, on and after Tuesday, the First of February next, fi'om which date all Interest thereon
The
will cease.
certificates to
E.
H. R.
Walter Watson,
Aucbincloss,
Lawrence Wells,
William Pohlraann,
Francis CJ. Brown,
Alex'r Hamilton.
Constantin Menelas,
Carl L. Uecknagel,
Ernesto G. Fabbri,
Henry E. Sprague,
lohn Welsh, Jr.,
Lewis Morris,
J.
H.
Theodore Fachirl,
C. L. F. Rose,
Wm.
EUGENE DUTILH,
ANTON METZ,
W. H. H. Moore,
Lewis Curtis,
Charles H. RusseU,
James Low,
David Lane,
Gordon W. Burnham,
A. A. Raven,
Wm. Stmgis,
Robert L. Stuart,
Adolph Lemoyne,
Benjamin H. Field,
Josiah O. Low
WUUam E. Dodge,
Royal Phelps,
Thomas
F.
Youngs,
Hand,
John D. Hewlett,
William H. Webb,
C. A.
Charles P. Burdett,
J.
D.
Bobl. B. Mintui-u,
Charles H. Marshal!,
George W. Lane,
Edwin D. Morg.an^
JONES,
James G. De Forest,
Samuel Willetts,
Charles D. Levcrioh,
W'Uiam Bryce,
MilliamH. Fogg,
Co.,
Vlo6-Preeldent.
BAVEM, 3d
yifle.Pre»ident.
W.
WATTS
C.
dk
CO.,
BROWN'S BUILDING, LIVERPOOL.
18
&
Co.,
COTTON BUYERS.
MOBILE,
UERIDIAN, MISS.
.ILA.
Tames F. Wenman & Co.,
No.
COTTON BROKERS,
46 Pearl Street, near IV all, N.
1
Bennet
li
&
Foulke,
comiHissioN herchants,
PEARL STREET,
21
NEW YORK.
—
Campbell,
apundence aoUclled.
Kkfki:knces.— Third and Fonrth National Banks
and Proprietors of TaHCHRONrat.B.
A. L.
Leman &
Co.,
100
SECOND STREET
ITIACON,
GEORGIA.
Entire attention paid to purchase and shipment of
Cotton on order for Spinners and Exporters.
Best of references furnished. Correspondenov
VICKSBVRO,
Orders to Purchase Cotton
Uefer to Messrs
New York.
in
IfllSS.
our market soMctteA
WOODWARD A
Wm.
STILLMA.X
Felix Alexander,
COTTON BROKER,
AI7GCSTA, GEORGIA.
Kntlre attention given to purchase of COTTOS
for 8PIKNER8 and EXPOKTBKS
ORDER
COBRXBPOHDEHOIC SOLIOITID.
solicited.
WOKics AT Orient, L.
Richmond, Va.
1.,
and
"
ErREKA"
"Orient."
&
The Atlantic
Virginia
Fertilizing Co.
offer their standard brands
Ammonuted Bone Sdperbhosphatb op Lime,
AND
'<
&
Cotton Factom,
COTTON BROKERS,
No
^.^_-^__
delivery.
Parisot
William Degroot,
CHARLES DENNIS,
W
:VI£RCUaNTS
NASHVILLE, TENNESSEE.
B. Coddlngtoo
Horace K. Thiuber,
W. H. H. MOORE, 2d Vice-President
A. A.
&
QSpccla! attention given to Spinners' orders. Corre-
Thomas
President.
Watts, Haswell & Co. will make advances on Cotton and other Produce conslffned to them, or to
C. Watts Sb Co. Special attention given to tbe execution of orders for the purchase or sale of Cottoa
n Liverpool for future delivery, etc.
Special attention given to the execution of orders
COTTON
Peter V. King,
Henry Collins,
John L. Rlker.
AND COniniSSION MERCHANTS^
for the purchase or sale of Contracts for Fntnia-
Secretary.
Horace Gray,
Edmund W. Corlles,
John Elliott,
Alexander V. Blake,
Co.,
COTTON FACTORS
Ass't Sccretarv.
Cotton,
COiT7:TIISS(ION
D. Jones,
Charles Dennis,
President.
ALFRED OGDEN, Vice-President.
CHARLES IRVING, Secretary.
Is
TRrSTEESi
&
NEW YORK,
Established (in Tontine Building) 1840.
Wilson,
John F. Wheless
CHAPMAN,
J.
8.
Gustav Schwab,
George H. Morgan.
Arthur B. Graves.
Francis B. Arnold,
H. Ii. Chas. Henauld,
George S. Scott.
be produced at
order of the Board,
S6 STONB STREET,
Ramsay Crooks,
declared on the net earned premiums of the
Company, for the year ending 31st December,
1830, for which certificates wUl be issued on
and after Tuesday, the Third of May next.
By
Watts, Haswell
Chas. F. Ztramermann
Carl Vietor,
the time of payment and canceled.
A DIVIDEND OF FORTY PER CENT
I.rmiin,
Henry K. Kunhurdt,
Hugh
W.C. Watts. David Ha swell, chas. w. wattib
TuoMAS J. Slauohter, Special.
Hughes, Carter
TRUSTEES:
George Mnsle,
OB*
HERB FOR FUTURE CONTRACTS.
ORIENT COMPLETE MANURE,"
And want a good working agent in every thriving
cotton, tobacco, grain and truck growing county.
Ap'>Iy (with reference) to
IV. G.
7
CRENSHAVr, PresU,
Keferences :— National Bank of Augusta, Georgia ;
Henry Hentz & Co., Commission Merchants Xiw
York; William B. Dana& Co., Proprietors Consora*
ciAL AND FiNAMOiAi, CuBONiou, and otbcr Bow
York Houses.
THE BRO\¥!V
Cotton Gin Company^
NEW
Si'own Cotton Gins, Gin Feeders
Cond3nser8.
Creksbaw Warehouse,
,
Riebmond, Va.
LONDOH, CONN.,
uANtrFAciuaas3 of ihi ckucbbated
oonoN
onra fos hxpobx.
.a^
:
THE CHHONICLE.
TIU
[MAY
Cotton.
Cotton.
Woodward &
Stillman,
POST BUILDING,:
&
Beaver StB.
Cor, Exctaanse Place, HanoTcr
[Reab or Custom House],
NBW YORK.
MERCHANTS
COMMISSION
eSNEBAL
acceptable
I.OANS mauk on
Special attention puid to the execution of orders
for the purchase er sale ol contracts for future
delivery of cotton.
&
Jno. C. Graham
(Snccessors to R. M.
BA
N
WATERS *
INMAN, S WANN&Co
101 Pearl Street,
18 William
New York.
Co.,
New
Nevr York.
Tork.
Receive Consignments of Cotton and other produce
LIBERAL ADVANCES MADE.
SOtTTWww-.N SECVRITIES.
Insurance.
W. &
H.
O Box
Insurance
AGENTS
132 Pearl
Street,
Advances made on ConslgBments.
and
Special nersonal attention to the purchase
f
'•
CUNTBACTS
COTTON.
sale
FUTURE UKLIVKRT OF
fOJS
&
Geo. Brennecke
Co.,
OF HARTFORD.
for
1,694,80180
Capital
3,000,000
NET SURPLUS
No. 2 Cortlandt
North
00
$2,739,271 9*
St.,
New
ALEXANDER,
JAS. A.
No. 110 Pearl Street, Netr York.
AND
$7,424,073 72
unpaid losses
and re-insurance fund
COTTON BROKERS,
COTTON FACTORS
Company
AesetB January 1,1881
Liabilities
New York.
3,909.
JETNA
Farley,
J.
COTTON FACTORS,
COMMISSION MERCHANTS,
FIItfAMCIAL,
r.
Gwynn & Co.
Fielding,
BARRSIT.
R.
&
Special attention given to orders for the purchase
and sale of Contracts for Future Delivery of Cotton.
Ain>
Street,
JOHN
C. F. Hohorst
LOANS MADE ON
CO.)
INTKSTMENT SECURITIES BOUGHT AND
SOLD FOR A COMMISSION.
B0B0R9T,
Cotton Exchange Uuildlnfr,
KEKS
COTTON COMMISSION MERCHANTS,
».
COTTON
COTTON
COMMISSION MERCHANTS
COMMISSION MERCHANTS,
No. 125 PBARI. STREET,
Co., H.
AND
Cotton.
OHAg.
SEC17RITV.
Uberal advances made on ConBiemnents.
—
21, 1881.
-
*•
York.
Agent.
British
Future Contracts a Specialty.
COMMISSION MERCHANTS. Geo.H.McFadden Bro & Mercantile Ins. Co.
&
OF
16 <& m Exchange Place,
LONDON AND EDINBVRnH.
COTTON FACTORS
new YORK
Post Building.
JOHN
H. CLISBY
AND COMMISSION MERCHANTS,
121 Cbestnnt
CO.,
&,
AL,A.
PUBCHASE ONLY ON ORDERS, FOR A COUMISSSON
BARTLETT
&
Pool
S.
JOHNSTON.
Johnston,
CQTTON COMMIS^ON MERCHANTS,
53 STONE STREET, NEW YORK.
Robert Murdoch,
Co.,
E. P.
New
'
oated
WALTER & KROHN,
E.
S.
&
Jemison
ASTOB,
J. J.
Esq.
Esq.
CHAS. E. WHITE, SAM. P. BLAGOEN,
Office
MANAGERS,
54 W^lUlam St.,
LyOntinercial
Union
AND
COTTON COMMISSION MERCHANTS
No. 10 Old Slip,
New
(.OF
Ins.
ALFRED
York.
&
Kew Orleans, La.
DVBB ft Co
Montgomerf Ala.
LXBJfUI,
CO.,
,
LEHMAN BRO'S,
Cotton AND Factors
COniHISSION mERCHAXTS,
40 EXCHANQB FLAGS,
J.
&
P. Billups
A
Co.
Co.,
COTTON
&
18 ExchaoKe Place,
NBW
POST BUILDISO,
8
Sontb IVUllam
TOKK.
Special attention given to the Purchase' and gale
of Contraots for future delivery of Cotton.
H.
Sa
&
Tileston
ST04iK8,
t
WllilAAM STIUBKT,
New
York.
Advances made on Consignments to
PINIiAY
Uleurfi.
CO.,
JAMES
&
Sc
CO.,
CALCUTTA AND BOMBAY.
CONTRACTS FOR FUTURE DELIVERY COTTON bought and sold on commission in New York
and Liverpool: also at New Orleans through Messrs.
Samuel H. Buck & Co.
Waldron & Tainter,
GENER^I. COTTON MERCHANT
97 PEAKL STBEET, NEW YORK.
Fota e orders executed at N. Y. Cotton Ezch'ge
B.F.BABCOCK&CO.
COMMISSION MERCHANTS,
17 Water Street, LIVERPOOL,
Receive consignments of Cotton and other Produce.
and execute orders at the Exchanges In Liverpool.
Represented in Mew York at the omce of
BABCOCK BKOTHER8 * CO.,
50
COTTON,
St.,
'
COMMISSION MERCHANTS
No*. 16
Co.,
BONDS,
KHW YORK.
&
37
commissioN herchants,
neun. FINLAY, nCIR
our corre-
spondents In Liverpool, Messrs. il. Newgass
andMessrr.L. Rosenheim A Sons.
Co.,
dec.
Wall
Stkixt.
Geo. Copeland
Stre^.f
Whiting Paper Co.,
HOLTOKE,
HASS.
Bankers' Liedser and Record Faperr. "ZT
Machine Hand-Made Papers.
Antique Parchment Papers.
Plated Papers.
Bond Papers.
AGENTS
JAMES
tS
D.
WHITnORE
CO.,
tc
BEEKMAN STREET. NEW YORK.
Wire Rope.
BTBKLAND CHARCOAl.
^SSBIU^.
^^^(^AS^lK
IRON
/ff^9^^^%^y\k^
of superior quality
snitable for
MINING AND
PURP0BK8
W^//WMrW>M n^'STING
Planes, Transmisff^aSi
Iticltned
VT i^\
If WMBflff
11^ MM°liiS^mii Oflslon of Power, &e. Also,
[i.^^M|^Vl^j!QU|. UGalvanised Charcoal and
ih
H iWFviTiWl
t|BB '°' Ships'
RiRgintt, Sns-
u
iMffVr' Ti irTf rilTf P**""^"" Bridges, Derrlolt
w.dXW*B^'4^g3/JSrvf Guys Ferry Hopes. Ac. A
,
Vi _ \jlW|ffi j'ri'
large stock constantly
_
/]f
\.^fr%^S^^^rSJjlf hand from which any
&
\^^^^s5ig5'V^»
Co.,
COTTOS BROEEBB,
OtMn IB " Fotwei" sxeoated at M.T.pottoa Ezcli I3« PBARI. aXREET,
89 Wall
miseellaneons.
UVBRPOOL, LONDON AND GLASGOW.
Netv York.
lo q>, or to
&
Also execute orders for Merchandise through
Orien exeeateal at the Cotton Exchanges In Kev
7orkand Liverpool aad adraaces made on Cotton
and other produce conalgned
GENERAL
PELL,
Resident Manager,
MOODT & JEMISON, Galreston, Texas.
Henry Hentz
L^o.
LONDON),
market.
liXBXAH, ASKASAJI
New York.
Co.,
RANKERS
Uberal advances on consignments of Cotton for
New York or Liverpool. Especial attention
illTen to Sale and Purchase of Future Contracts,
both in New York and LIVERPOOL, on reasonable
terms, and profits paid as soon as realized in either
PABBRI, Esq. (Drexel, Uorgan &Co.)
CHITTENDiiN.
8. B.
EZRA WHITE,
REAVER STREET, NEUT YORK.
York.
Bale in
Hon.
COTTON BROKERS,
fi3
COMMISSION MERCHANT,
New
&
street.
York.
Orders for Spot Cotton and Futures promptly eze
Consignments solicited Orders executed at Cotton Exchanges in N. ¥., New Orleans and Liverpool.
111 Pearl Street,
NEW FORE
SOLON HUMPKBKYS, Ch'r'n,(E. D.Morgan & Co
DAVU) DOWS, Esq. (David Dows & Co.)
COTTON BEOKERS,
117 Pearl
United States Board of Manageoieiitj
Pblladelphla.
Dennis Perkins
COTTON BUYERS,
MONTGOMERY,
HIBAH POOL.
St.,
NEW TOSK,
sired
lengths
are
oa
desat
y&t^r^ScJdr FLAT 8TBEL AND IRO»
ROPES for Mining pui>.
«5r^«K3ir
vi^g^r^^s*g^ poses manufactured to or*
JOHN W. BIASON dc CO.,
48
R
'
Midway,
New York.
@FedFRASER