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MAGAZINE,
MERCHANTS’
HUNT’S
,
WtJfMg fj^twpKptr,
industrial and commercial
representing the
interests of the united states.
SATURDAY, MAY 23,
YOL. 40.
NO.
1885.
1,039.
these values from the New York totals, there
$327,123,389 and $510,499,086, representing clearings at
that city of other origin, or a loss of 35*9 per cent.
Our usual
table, giving the details for the various cities, is as follows :
deducting double
C O N T E N T 8.
remains
THE CHRONICLE.
Peace Prospect and Mr.
Clearing-House Returns
607 The
Gladstone
614
608
Situation
Monetary
and Commercial
of Pooling Ar¬
Tlie Financial
The Legality
609
rangements
Week Ending
Commercial and Miscellaneous
Parallel” Road. 610
Changes in West Shore Plan.. 612
Fate of One “
Money Market, Foreign Ex¬
change, U.S. Securities, State
and Railroad Bonds
and
Stocks
Range in Prices at
Stock Exchange
the N. Y.
Cotton
Stocks
and
New York
$511,557,339
$808,501,080
(1.448,334)
Sales of—
618 I
619
Investment and
i
(Stocks....shares.)
(Cotton—bales.)
(Grain.. .bushels)
(Petroleum..bbls.)
Railroad In-
telligence...
THE COMMERCIAL
Commercial Epitome
TIMES.
627
627
Boston
(31,124,000)
(40,894,000) j
(77,887,000)
$03,772,014
$75,455,787
5,106,200
1,533,835
1,248,520
,876,180
775,400
709,585
522,691
H U1
$S0,288,204
New Haven
The Commercial and Financial Chronicle is
Neio York every Saturday morning.
[Entered at the Post Ottiee, New
Portland
Worcester
published
Springfleld
Lowell
York, N.Y., as second class mail matter.]
Subscription—Payable in Advance :
$10 20
6 10
Annual subscription in London (including postage)
£2 7s.
Six Mo8.
do
do
do
<£18s.
These prices include the Investors’ Supplement, issued once in two
months, and furnished without extra charge to subscribers of the
Chronicle.
Subscriptions will bo continued until definitely ordered to be stopped.
The publishers cannot be responsible for remittances unless made by
Drafts or Post Ollice Money Orders.
A neat file cover is furnished at 50 cents; postage on the same is 18
Volumes
bouuTl for subscribers at $1 00.
Offices ill England.
the Commercial and Financial Chronicle in London
is with Messrs. Edwards & Smith, 1 Drapers’Gardens, E. C., where sub¬
The ollice of
advertisements will be taken at the regular rates, and
single copies of the paper supplied at Is. each.
The ottiee of the Chronicle in Liverpool is at B 15, Exchange Buildings.
scriptions and
wit
him
MILUAM
JOHN ti.
!>
n.
WILLIAM
B. DANA & Co., Publi*liei s,
7<J & 8 L william Sti'ect, NISW YORK,
Post Oeeice Box, 958.
$
r,.vi
a. )
dan
f
i lo\ d.
Philadelphia
Pittsburg
For One Year (including postage)
For Six Months
do
cents.
Total N. England
Baltimore
Total Middle....
$73,172,572
Milwaukee
Detroit
Indianapolis
Cleveland
Columbus
(54,792,000)
53*1)
-15-5
$00,682,308
—1*7
-21*0
-5-7
-7-8
3,818,300
1,032,030
1,180,015
914,060
735,292
703,083
400,513
-152
$70,126,207
—20
-20-9
—8*1
-15-2
-8-0
.
+4*1
-0*7
+0-5
+18*4
-7-5
-193
-190
$42,207,410
0,448,821
10,681,040
$04,897,980
15,585,498
-35-0
14,417,570
-25-9
$44,185,504
0,491,571
11,759,452
$59,337,877
$94,901,048
-37-5
$02,430,527
—25T
12T
$50,188,019
8,034,100
-141
$42,330,360
8,508,700
3,240,348
3,109,548
1,095,251
1,938,694
1,418,584
Chicago
Cincinnati
(1,489,629) (-47-0)
(423,200) (-18-3)
(41,230,300) (+130*4)
(-54*3)
(-36-1)
(+17*3)
(-34-7)
(271,400)
4,002,200
1,409,182
1,058,823
938,275
708,895
800,809
481,773
$507,034,848 (-37-5)
(-41*1)
(30,490,000)
Providence
%\tc ©lu*0wiclc.
j
Percent
1885.
! Per Cent.
(3,171,559;
(424,500)
Hartford
Terms of
1884.
1S85.
GAZETTE.
Quotations of
THE BANKERS’
May 19.
Week Ending
May 10.
$4*.140,770
10,346,100
3,340,463
j
3,232,799
1,487,243
—
-17-8
$02,385,804
St. Louis
St. Joseph
2,703,2401
-34
-26-4
l,097,32lj
-20-2
-17*1
-15-1
2,201,807j
-10-2
1,163,349
793,213
-13-7
810,810
$71,209,521
-12-4
—109
|
$70,484,107.
-1*3
$15,019,559
$14,850,202
720,421
9,030,500,
4,712,992 ■
3,209,945
809,074
—14-5
069,045'
-12 7
-325
0,312,898;
-294
—10-3
4,489,008
-30-0
+39-0
+ 20'2
4,528,175;
+38*3
1,071,352.
+14-1
$31,139,157
-10-4
$31,927,84o[
-157
~
$30,574,206
Total Southern..
-4-8
021,444
4,460,109'
973,034 j
City
Memphis
Kansas
+0-2
3,084,789;
-20
$14,455,173
3,903,810'
Louisville
+2-2
-153
0,095,595
New Orleans
-1*9
-3*0
1
Total Wostern...
-58-1
2,283,185
1,579,712
084,119
Peoria
-580
-7-5
—3*7
$9,810,722|
$40,7S4,002
$9,848,942
San Francisco
/CLEARING HOUSE RETURNS.
-30-6
-35-9
$757,819,811
$740,870,880‘ $ 1,105,823,078
Total all
The exchanges for the week ending May 16 fail to maintain
—10-0
~$250,784^903
$235,319,491) $207,321,992 ~—20l)
fully the improvement noticed in the returns for the previous Outside New York
Our usual telegraphic returns for the five days from the
six days.
The decline in the aggregate, however, reaches
leading
cities outside of New York have been received and
only $10,942,931, but in this decrease New York does not par¬
are set forth below in connection with the figures for that city.
ticipate, the clearings at that city exhibiting an increase of
$4,5.22,541, the total falling off at other points being, therefore, New York City, Boston, Chicago and New Orleans record
$15,465,472. The most conspicuous declines have been at Chi¬ exchanges below those for the period ended May 15, but as
cago, nearly $8,000,000, Boston about $3,000,000, and Phila¬ they compare with reduced figures in 1884 the percentage of
delphia almost $*3,000,000. The comparison with a year ago decline from that year is smaller than then shown. An
is also less favorable than on May 9, but the greater percentage increase is exhibited at Philadelphia, Baltimore and St. Louis,
of loss recorded by this year’s figures is due more to the large the latter city recording an excess over a year ago.
-25
increase
($73,655,630) which occurred in
to the decrease
noted above.
1
the week of 1884 than
Five Days
-
sections, it would appear that in the South
do the exchanges make a better comparison with last
than during former weeks, and yet this is solely on
year
greater falling off in volume during the week
1884 than at present.
For several weeks the New York totals have continued
account
of
a
Sales of
to
Balance,
Country*
*
$121,250,523
(1,213,301)
-41*7
(-55-0)
48,693,077
38,050,382
9,183,777
33,210,000
12,788,981
5,103,103
54,422,140
—10*5
48,4S8,0G5
11,620,202
30,420,000
—21*5
10,702,090
+18-8
0,792,010
—24-8
52,740,902
83,852,214
9,105,900
33,165,000
11,680,814
5,203,424
$556,245,405j
46,480,088
$735,238,202
-24*3
$509,090,783
58,130,462
-20*1
47,237,588,
$002,726,093
$793,374,004
-24-0
$010,328,371)
-30*1
$195,071,648
-19* 4
York
Estimated on the
•i
Per Cent
(2,047,170)
Total all
Outside New
1885.
$500,733,080
Baltimore
Total
-27*8
End'g May 15
(909,723)
Stock (shs.)
Chicago
St. Louis
New Orleans
Per Cent.
Five D'y8
$409,211,020
Boston
Philadelphia
market value of $92,217,000 and $179,001,000,
respectively, in the two years. Pursuing our usual method < f
and covering a
New York
of
improve. This is gratifying, as it is apparently due to a slow
growth in mercantile transactions. Stock Exchange share
transactions have reached a total of 1,448,334 for the week of
this year, against 3,171,559 for the corresponding period in 1884,
1884.
1885.
Considered by
alone
Ending May 22.
$l"93,515,073i $220,041,584
basi3 of the Hist
-21-0
-88
-140
weekly returns,
(-52-7)
-12-9
-34-0
-20-4
—11*4
-12-0
-30-8
-372
-18-0
THE
608
CHRONICLE.
THE FINANCIAL SITUATION.
As the week
little life out of
closes,
news
position is at
do all that is
present so marvelously strong, that they can
needed, not only without ultimate harm to
themselves, but with benefit to our industries ; for if the
of our markets have drawn a
by cable indicating a hitch in the
some
public were convinced that the Government was to be
supported in this emergency, one source of distrust and
one
for the timidity of capital would be re¬
cause
moved.
In saying this we assume, as we think we may
safely do, that the continuance of silver coinage is now
only a matter of months, so that the problem is at length
reduced to this,—how to bridge the interval? The*alteration
in sentiment that has taken place, was well indicated at the
negotiations between England and Russia. Not that any
one anticipates any serious complications; but in the pre¬
vailing dullness speculators have to press every trifle into
their service, and yet after all, outside of breadstuff's, it is
impossible to even simulate excitement. Some stocks go
up and down to be sure, but it is a ponderous kind of
motion, so unlike the real thing that it deceives very few,
and is of little interest to any except those who are over
loaded with
their
own wares
and would like to make
commercial convention which has
a
is this
to sell
an
upon.
isolated instance of the kind.
All recent loans
placed at nearly the
figure. It is not so long since the City of
New York offered 1-| millions of its 3-J- per cent water bonds,
and received bids aggregating no less than $11,400,000,
the highest bid being that by State Controller Chapin,
who secured $500,000 at a premium of 7-35 per cent, and
Daniel A. Moran the remainder, at a premium ranging
between 5-26 per cent and 7-02 per cent.
The City of
St. Louis recently disposed of $620,000 of 4 per cent
bonds to a syndicate of Boston and St. Louis bankers on
favorable terms.
Messrs. Blake Bros. & Co. have lately^
offered to the public some of the Northampton 4 per cent
of
undoubted
same
character
been in session at At¬
lanta
At the same time good properties
and first class bonds are strongly held, the latter finding a
ready sale at high prices.
A good illustration of this fact and of the abundance and
timidity of capital is seen in the bids for the Connecticut
loan put out this week.
The State had offered $1,740,000
of 25 year bonds, to take up an equal amount maturing in
October, and though the loan carried but 3 per cent inter¬
est—the old bonds bore G per cent—bids considerably in
excess of the amount offered were received, and at a pre¬
mium too, the entire lot being awarded at 100-870.
Nor
market
[Vol. XL.
have been
low
i
i
Georgia this week. Mr. Trenholm, of South Caro¬
lina, in speaking in favor of the motion to suspend dollar
coinage, very forcibly indicated the extent of the change
in his own State, while the vote of the convention
showed how radical it was throughout the South. Besides,
our people
are at length beginning to understand the
question, and when the sterling good sense of the Ameri¬
can public is once aroused, there need be no fear,—it can
be
fully trusted.
The question is raised, therefore, how can the banks?
with the least risk to themselves and most effectually for
the Government, relieve this Treasury embarrassment ?
It would do no good for them to exchange gold for silver
dollars or silver certificates, as the silver would only go
back within a few days to the treasury through the Custom
House, and rob the Government of just so much gold
revenue.
But is there any very serious objection which
can
be raised to the banks taking say five millions a
month, if the wants of the Treasury are so large, of the
subsidiary silver which is now lying in the public vaults
a useless asset ?
In weighing this suggestion, it should be
remembered that it is
a
relief
measure
that the Govern¬
needs, not something profitable to the banks ;
the
to
latter, the dish to be offered is necessarily
water bonds, and Messrs. Geo. William Ballou & Co.-some boiled-crow,
and
so
it
was
at
the
breaking
out
of
the war, but patriotism furnished such a sauce then
34 per cent City of New Haven bonds; and so instances
as made it palatable.
Besides, the action wo propose need
might be multiplied of first-class bonds issued at very low
ment
count for
much, since all investments there yield but
low return,
the field is
but in this country the case is different.
new
and
there
are
abundant
afford
a
Here
demands for
and consequently abundant opportunities for
profitable employment if only capitalists con be inspired
money
with confidence in the situation.
their money
That, rather than invest
in business enterprises yielding a fair return,
they will buy corporation stocks and bonds yielding but an
insignificant income, is evidence not so much of the utter
stagnation of trade as it is of the extreme nervousness and
timidity of capital. There is no lack of money. On the
contrary, there never was more of it, our city banks at the
date of their last report holding over 148J- millions of idle
funds, but oppressed by a fear it will not venture out or
seek employment.
'Closely allied to this thought are the discussions which
the press and people have engaged in during the week,
with reference to the gradually diminishing Government
gold balance, and the tendency and results of further
progress in the same direction.
We remarked upon this
point quite fully in our issue of May 9, and refer to it
again now, toask whether the time is not rapidly approaching for the banks to come to the aid of the Treasury, and
to turn over to it some of their surplus stock.
It is not the
first crisis in our history that lias required and secured
unselfish action on their part, for their resources have
always been at the command of the Government when
needed in support of its credit.
Fortunately too, their
loss to the banks, while it would
perfect remedy for the Government, for with the
help of the interior banks tki3 currency could be widely
distributed among the people, so as not to return to the
Government for a long time, if. at all, the suspension in
the issue of one and two dollar bills making a place for
its circulation.
As to the objection that it would in the
mean time be dead
capital, that is a consideration of no
importance in the present industrial condition and plethora
not in the end prove any
figures and netting still less to v the purchaser because of
the premiums paid.
Such rates in Europe would not
■
a
■
of bank
reserves.
We have
no room
in this column
fur¬
these points, except to add that the banks
people and Government are virtually all in the same
boat, and in helping the latter the banks'* really help
ther to press
themselves.
General
business
keeps moving at about the same old
If there is any change we should say
pace as heretofore.
it was for the better.
.
during
likely to'
There have been stoppages
the week among our cotton mills and there are
be others in succeeding weeks.
But this is exceptional;
due to the temporary dearth and comparatively high prices
of the raw material, to which the prices of goods do not
respond as they would il general trade were more active
pile up goods under these conditions with expecta¬
j
j tion of ’selling them on a declining; cotton market when
! the new ciop begins to co ne in, is not an encouraging
! prospect. There has been apparent a much better feeling in
dry goods circles this week and the distribution of stocks has been considerable, though as a general thing on the
basis of the auction prices of last week.
We have no
1 change to report in the news with regard to the crops. The
and to
f>09
THE CHRONICLE.
23, 1885.]
May
that railroad property has not entirely lost favor with
cool in the West for the rapid plant¬ investors. That
London likewise has faith in our best
ing of corn; the crop will have a late start but that need securities is shown in the
avidity with which the Penn¬
not prove a serious disadvantage if the conditions are
favorable during the summer. The cotton crop prospect sylvania 4-£ per cent loan was taken, the bids footing
up several times the amount of the bonds for sale.
still continues very satisfactory.
Bankers’ balances remain nominally at 1@1-|- per cent, and
Foreign exchange has remained all the time dull but
firm.
The only change made was the reduction of the although on Thursday there was a sudden spurt in the
rate to 4 per cent, it was followed by an immediate decline.
nominal rates to figures which more closely conformed to
The domestic exchanges on New York at interior points
those at which business was being done, and the conces¬
continue to favor the transmission of currency to this
sions now bring the net prices for bills f to 1 cent per
The following statement, made up from returns
centre.
pound below the posted rates. Commercial drafts are collected
by us, exhibits the receipts and shipments of gold
scarce, and those offering are quickly absorbed, while the
and currency by the New York banks during the week.
moderate supply of bankers’ sterling, drawn against loans
Net Interior
Received by
Shipped by
negotiated abroad, or against securities forwarded, is
Week ending May 22, 1885.
Movement.
N. Y. Banks. N. Y. Banks.
sufficient to meet ordinary current demands. Money in
Gain...$2,H0,C00
$071,000
$2,511,000
the open market at London is gradually falling, indicating Currency
Gain...
50,000
ooo
Gold........
a great plethora of capital there, and the latest cable ad¬
Gain..$2,100,000
$371,000
$2,501,000
Total gold and legal tenders..
vices report the rate of discount for 60-day or threeFrom Canada.
The above shows the actual changes in the bank holdings
months’ bills at 1-J per cent, while the bank minimum re¬
mains at 2£.
This abundance of money is likely to con¬ of gold and currency caused by this movement to and from
tinue for the present, for the latest mail advices report the interior. In addition to that movement, the banks have
that the new Egyptian loan will probably not be issued lost $1,250,000 through the operations of the Sub-Treas¬
for some months yet, and the applications from Australia ury. Adding that item to the above, we have the following,
will not greatly reduce the floating supplies of money. which should indicate the total gain to the New York
Canada is expected to apply for funds to pay off maturing Clearing House banks of gold and currency for the week
liabilities and also to cover the expense of the military covered by the bank statement to be issued to-day.
operations- in the Northwest, but as yet no negotiations
Net Change in
Into Banks. Out of Banks.
Week
weather has been too
*;>!•
..
*
on Canadian account.
The movements in stocks have been variable
have been
ending May 22,1885.
reported
this week,
result of manipulation.
and,
The Gould specialties have moved up, and “points” to buy
them have been suspiciously frequent.
Louisville &
as
said above, mainly the
advanced sharply, more, however, on
Nashville has also
the company has recently been able to show
large gains in net earnings, while the decision in the Ten¬
nessee bond cases is claimed to have released to the road
its merits, as
$800,000 of branch bonds ; the floating debt is at the same
time reported to be diminishing, and finally it is announced
that the 10-40 loan issued last year is to be reduced to a
much smaller limit than originally intended.
Pacific
Mail is another stock that has been linn this week, partly
due to
Banks’ Interior Movement, as
Total gold and
legal tenders....
K
wards
a
trans-Continental lines.
subsidy of $80,000
month without rebate, the payment heretofore having
upon
is said to he the payment of a
per
been
on a
Gain. $2,11)0,000
11,250,000
Loss.
1,250,000
$12,501,000
$! 1.621,000
Gain.
$040,000
England reports a gain of £180,664 bul¬
during the week. This represents £115,000 drawn
abroad
from
and
£65,664 from the interior. The
Bank of France increased 6,582,000 francs gold and
2,14 0,000 francs silver, and the Bank of Germany, if
correctly reported, shows a gain since the last return of
21,438,000 marks. The following indicates the amount
of bullion in the principal European banks this week and
at the corresponding date last year.
The Bank of
lion
May 21, 188 5.
favorable
settlement of the - dispute with the
The basis of settlement agreed
$371,000
$2,501,000
10,000,000
above
Sub-Treasury operations
j
May 22, i8>4.
1
manipulation, but encouraged also by the
progress
Bank Holdings.
Gold.
Silccr.
£
£
|
Gold.
Silver.
£
£
•
25,034,142
2 < .717.020
43,351.507 4 2,668.978 41,272,217 40,391.412
7,882,250 23.(1-17,7o0
7,4 -6 SO j 22.2.9.500
Bank of England
Bonk of France
Bauk of Germany
78,195,<
Total this week
87,64,948,478 ,7-1,188,009 04,039,162
basis.
77.770.24 9 01 059.005 174,290.8 10 03.565,243
Total I'Twinus week
The conspicuously weak things have been the trunk
The Assay Office paid $185,200 through the Subline specialties—more particularly the Eries and the Van¬
Treasury for domestic and $279,807 for foreign bullion
derbilts.
Erie second consolidated bonds declined to 40
during the week, and the Assistant Treasurer received
(subsequently recovering fractionally), owing to the gen¬ the following from the Custom House.
erally unfavorable condition of trunk line affairs, and the
Consisting of—
peculiar position the Erie property finds itself in with Date.
Duties.
Silver Cer¬
Gold
zr. s.
Qokl.
regard to its connecting roads. Nickel-Plate first mort¬
tificates.
Notes.
Certifiers.
gage bonds dropped 5 per cent on Thursday to 71, and
$131,000
$202,000
$73,000
$2,000
$403,886 98
May 15.
130,000
156,000
to 70£ on Friday, the reason being a belief that the June
60.000
4,000
16
350.523 06
167,000
199,000
92.000
4,000
IS.
462,647 75
interest will be defaulted 'on.
The Vanderbilt stocks
125,000
248,000
73,000
3,000
19.
449,048 35
79,000
were affected unfavorably by reports
54,000
of a very low lake
48,000
2,000
20
183,945 97
141,000
172,000
39,000
1,000
21.
353,175 48
and canal rate between Chicago and New York ; but what
$773,000
$385 000 $1,031,000
$16,000
Total. $2,208,227 59
influenced these properties most was the publication of
the Lake Shore statement for the first quarter of the
year, showing a slight deficiency in meeting chargesWith regard to this statement, though it is undeniably
TEE LEGALITY OF POOLING ARRANGEMENTS.
bad, it should be remembered that it covers the winter
Much has been said from time to time with regard to
months, always the poorest period of the year, and this
the impossibility of enforcing pooling arrangements in the
season particularly bad
on account of the exceptionally
severe weather.
A noticeable feature of this, as well as courts on account of the illegal nature of such contracts,
of several previous weeks, has been the increased demand being in restraint of trade and - therefore contrary to
for railroad mortgages on substantial roads, indicating public policy, and this week the matter has been incident -
gross
....
“
“
“
“
“
THE CHRONICLE.
610
[Yol. XL.
ally referred to before the special Senate Committee on refuses to operate under it, but simply whether one of
inter-State Commerce. Without attempting to discuss that the contractors who has been acting under it and re¬
precise point, we notice a late decision in the United States ceiving its benefits shall account for the fruits of its per¬
Circuit Court of Ohio, only now published in full, which, formance.
Under these circumstances the court directs
the
Receiver
to pay over to the petitioner the amount found
though not legalizing pooling contracts, seems at least to
settle the principle that any road acting under such an ar¬ to be received by him in excess of his allotted portion.
This adjudication is of more than local interest, since
rangement can enforce a division of the earnings (accord¬
ing to the percentages fixed) after the business ha3 been the principle involved if carried out to its logical conclu¬
done and the earnings secured.
That is to say, even if the sion, seems to assure a certain vitality to all pool arrange¬
court would not enforce an unperformed contract, it will ments.
For it is not of so much importance to determine
not permit roads to act under such a contract and then re¬ whether
any contracting road can be kept a party to a
tain a greater portion of the profits than the contract pool
against its will and be made to perform and execute
the
provided.
contract, as it is to determine that so long as it does
The decision referred to was made in a proceeding not openly withdraw but remains a member, it will be
between the Receiver of the Ohio Central Railroad Com¬ required to fulfill its
provisions and divide results accord¬
pany and the Columbus Hocking Valley & ^Toledo Rail¬ ing to its terms.
The facts of the case under review we
take
as
It seems that these roads with the Baltimore
way.
simply a forcible illustration of that general
Ohio had a pooling arrangement, according to which the principle, since
notwithstanding the circumstances were
coal-transportation business originating within a territory very peculiar, as the roads continued in the combination
named was divided between them, the Hocking Valley a division of the
aggregate revenue was enforced. And,
road to have 54£ per cent, the Ohio Central *27 percent if such action was
required in that instance, why might not
and the Baltimore k Ohio 1S-V per cent.
the
most
common
of all pool weaknesses—the secret cut¬
Mo difficulty
arose until
July, 1881, when suddenly the Hocking Valley ting of rates—-be provided against and prevented ? Ad¬
road stopped doing any coal business, not from their own
mitting that the contract is in force so long as no party
fault, but because of differences which arose between the openiy withdraws from it, then the volume of the traffic
mine owners and the operators along the line of its road,
being known and the established rates also known, the
which resulted in a suspension of mining for several revenue for division would be
fixed, How could a road
months.
under
this
decision plead that while making the agreement
During the entire suspension the flocking Val¬
and
ley road did not transport any coal whatever, and as a
pretending to live up to it, it secretly cut rates and
did
not receive the revenue it was charged with ?
consequence the other roads received a great excess of
coal business above the percentage allotted under the con¬
in this view the position taken by the Court in the
tract.
And now the Hocking Valley road petitions the
Hocking Valley case must obviously be considered in the
court to compel the Receiver of the Ohio Central to line of
progress.
For if railroad wars can only be pre¬
account and to pay over to the
vented
and
railroad traffic be regulated under pool con¬
Hocking Valley such portion of its coal earnings during that period as belong to it tracts, it will
certainly be more satisfactory when these
under the contract.
contracts come to have a well understood
legal status.
These facts
enforcement of
it will
be
noticed
put the question of
an
“
I
i
division of
earnings in as unfavorable a
position as could well be. There was in the first place a
total stoppage of this class of business over the petitioner’s
road.
That was a contingency not at all contemplate 1 by
any of the parties to the contract.
On the contrary the
idea obviously was, that each company would do its
ordinary work and contribute its ordinary amount to the
volume of the traffic.
But through the difficulties
which occurred, the aggregate coal business of the three
was considerably lessened,
and it was this diminished total
which was to be divided according to the percentages
fixed.
Then again a receiver of an insolvent road was the
party who had received those extra earnings, and as the
contract was made prior to his appointment he was not
really a party to it. Of course the road he represented
was, but the property having passed into the court’s
possession and the results turning out so dissimilar from
the results anticipated, there was a plausible excuse for not
fulfilling the arrangement, had the court deemed the con¬
tract contrary to public policy and been inclined to look
upon it with disfavor.
And yet in face of these facts, Justice Matthews says
that •< the Receiver was well warranted” (without any
express order from the court) u in recognizing, adopting
‘■and continuing in operation the contract in question.”
Furthermore he adds, it has been executed as literally as
circumstances permitted, but
inconsequence of casualties
not foreseen at the beginning, it has eventuated in the
accumulation of the cash balance now in controversy.”
Hence the question presented was, not whether an un¬
performed and executory contract can be enforced, ncr
whether damages can be recovered against a party who
a
' THE FATE OF ONE
PARALLEL” ROAD.
The
proposed merger of- the Ohio Central with the
Hocking Valley V Toledo possesses a signifigance not generally understood.
There is nothing strik¬
ing or novel about the absorption of one road by another.
That is an every day occurrence.
In the present case,
Columbus
.
too.
the roads to be combined
nor
do
noted for their
size,
they constitute systems of great dimension. There¬
fore it is
not
the
the event with its
.
are not
mere
act
of consolidation that
invests
Its significance lies in the
history of the two concerns, their attitude towards one
another, the motive that prompted the construction of one
importance.
of them, the division between the two of the traffic form¬
erly belonging to
one.
and the disastrous
result that have followed
consequences as a
both, but
particularly to the
sequel to. and the
disposition of a parallel competing road, built to share in
the profits of an existing road.
This new road after hav¬
ing first been reduced to insolvency and thrown upon the
mercy of its creditors, is now (if the proposed arrange¬
ment is carried out) for a trifling consideration to be se¬
cured by the old road, and the contest, to all intents
and purposes, ended by the complete vanquisliment of the
newcomer.
How thorough the discomfiture of the rival
intruder.
In
line is. it will
a
word
be
we
most
.
have here the
useful and instructive for the
lic to understand, and this
Turn
back
a
little
to
propose to show.
than five years, and
pub¬
we
more
recall
a
glowing prospectus issued by the enthusiastic projectors
"What a marvelous chance for profit
of the Ohio Central.
it opened up—a superfluity of wealth awaiting the simple
souls willing to take a share in the venture !
Not to
mention other features, it is enough to remember that it
May 28,
611
THE CHRONICLE
1885.J
connect the rich bituminous coal fields of Central reducing the actual net to $216,221. That is, on a capital¬
ization of 40 millions we have net a trifle above $200,000.
Ohio with Lake Erie at Toledo ; and as an inkling of
Ncto' now what has become and is becoming of this
what that meant, facts respecting the Columbus & Hock¬
remarkable property, which was the offspring of such
ing Valley and Columbus k Toledo roads, which their
brilliant promises.
It is being parceled out among its
little enterprise was to parallel, were carefully cited. Of
creditors, who hope to save what they may out of the
course the circular was judiciously silent as to]the effect on
wreck.
The system, of course, is disrupted.
The coal
rates, profit and traffic of competition ; it was enough for
was
to
-
to state that those two roads, “ together
line of 230 miles to the Lake from the same coal
their purpose
making a
“field, carriedlast year (1879) over 1,200,000 tons of coal
“
and paid 7 per cent on 5.V million bonds and S per cent
“on 3 millions of stock.’’
And since the game of the pro¬
moters was ostensibly to bag the whole of this 1,200,000
<<
it was also entirely reasonable that they should
start off with a capitalization of 10 million dollars (6
millions bonds and 4 millions stock) agaiast the 84
millions in all of the old line, an increase of about 20 per
cent—probably on the principle which the originators so
well understood, that the heavier the load the more grease
tons,
the axles needed.
Just what the scheme was will be better
we
consider for
a
moment the physical
understood if
characteristics of
lines, their location and position. Thus the Colum¬
Hocking Valley k Toledo road of to-day (a consolidat¬
the two
bus
original Columbus k Hocking Valley and
Columbus & Toledo roads, together with the Ohio k West
Virginia) extends from Toledo south to the Ohio River at
Gallipolis and Pomeroy. The Ohio Central, as it existed
before the late foreclosure sale, covered precisely the same
ground, and ran from Toledo to the Ohio River at Point
Pleasant—a point midway between Gallipolis and Pome¬
roy—and thence to Charleston in West Virginia. For
a part of the way
(from Toledo to Fostoria) the Ohio Cen¬
tral runs on the west side of the Hocking Valley, but for
the remainder of the distance its course is along the east
side of that road.
Nowhere, however, we believe, are
the two roads more than 30 miles apart.
Thus the Ohio
Central was essentially of the same class of enterprises—
if such flimsy schemes can be designated as enterprises—
as the Nickel Plate or West Shore.
It sought to develop
no new line of traffic, but simply by building alongside an
existing road doing a good business, through some hocus
pocus to secure its profits.
It must not be supposed that the Ohio Central people
remained content with their original capitalization of 10
millions.
Far from it.
It was too good a thing to con¬
ion of
the
fine within
so
limited
a
circle.
The Ohio Central Coal
Company had to be taken in. Terminals and Car Trusts
had to be provided, each by a separate issue of bonds.
Then the River Division had to be built, since the first
idea of a line no further than the coal fields at Corning—
200 miles—was altogether too contracted for this class
of schemers.
They would go further even than the
Hocking Valley people. These latter had stopped
the
Ohio
at
River.
They would go beyond
There was also a project
that, and they did.
for a consolidation with the Richmond k Allegheny—a
poor, unfortunate sister, which was placed under the
sheltering care of receivers even before the Ohio Centra^
succumbed—but that project fell through.
The result of
all this policy of systematic expansion and extension was
that at the end of 1883 the Ohio Central organization had
a funded
debt above 18 millions, and stock to amount
of 22 millions, or a total capitalization of 40 millions.
And this was represented by about 325 miles of road
owned !
As to the earning power, how that was developed
will be seen by the fact that in the year ended September
30, 1884, the main line, &c., earned $267,514 net, while
the River division was operated at a loss of $51,293,
lands both
on
the Main Line and the Mineral division have
sold, and purchased by the bondholders having a
mortgage on the same. The terminal property at Toledo
and Columbus has also been sold, and bid in by the bond,
holders. The road itself, or at least that part of it denomi.
nated as the Main Line and Columbus branch, was sold
April 15. The River Division has not yet been sold. It
is to the disposition of the main line that the most interest
attaches, because that is the most profitable and most
valuable part of the system, constitutes the piece first
built and covered by the original 10 million capitalization,
and is the section of road that the Columbus Hocking
been
.
Valley k Toledo proposes to absorb, and thus avoid future
competition.
Supposing that the consolidation will be concluded,
which, of course, is not yet certain, we may view the
arrangement in the light first of the result to the Ohio
Central security holders, and secondly, in the light of the
terms upon which the Hocking Valley will secure the
property. Looking at the former aspect of the case, we
(main line) bondholders fare
very well.
The road, as is known, was purchased under
the Canda plan of reorganization, which agreed to give
bondholders a new five per cent bond for their present
six per cent bond, and as an equivalent for the reduction in
interest, as well as to take up the matured coupons unpaid,
allow them 25 per cent in preferred stock of the new
company.
The new five per cents were to be for five
millions, of wrhich two millions was to be used in
purchasing equipment and terminals. Under the arrange¬
ment with the Hocking Valley, however, this two millions
will probably not be issued, leaving the amount of the
mortgage only three millions, or the same as the old mort¬
gage.
So that practically there will be no change to the
bondholders, except in the reduction of one per cent in
interest, with a probable guarantee of the new bonds by
the Hocking Valley.
the 1st mortgage
find that
But
road must have cost much more
the
amount of
to make
then, is
the first mortgage,
than the
and the projectors calculated
What,
the position of these latter, consisting of income
their
profits out of the junior securities.
bonds and stock?
Lender the reorganization, the incomes
take a
preferred stock in place of their bonds. Now, if the
Hocking Valley secures the property upon the terms
proposed, this preferred stock will be exchanged for
ordinary stock, and for only three-quarters of its amount.
So the owner of $10,000 income bonds, after having paid
cash assessment of $500, would hold simply 75 shares of
the Hocking Valley stock, representing $7,500.
It is not
had to pay an
assessment of 5 per cent, and then
a
till
we come
to the
Ohio Central stock, however,
that we see
strikingly the fanciful ideas of the original promoters
have been toned down to the level of actual things.
First of all, the stock had to pay a cash assessment
of one per cent and then receive in new stock only 30 per¬
cent of the first amount.
This was so little relished
apparently by the holders, that only about five millions out
of the entire twenty-two millions came into the agreement.
Now the Hocking Valley proposes to issue its stock for
the same.
But mark how! First one quarter of the
whole amount is to be knocked off, then for the remainder
the Hocking Valley will give one share of its sto:k for
how
THE
ft 612
CHRONICLE.
[Vol. XL.
Central, as the reorganized other interests and thus forcing a disruption of the prop¬
company is called.
The scaling process has here been erty, which above all other things is to be avoided. What
applied with such vigor that it will be interesting to see the changes proposed are, can best be seeAby a comparison
just what the position of the holder of 100 shares of old of the debt and stock provided for under each plan, a8
two
of the Toledo
Ohio
&
Ohio Central stock would be
as
follows.
follows.
Before 'Reorganization.
representing
After Reorganization.
30 shares Toledo & Ohio Central stock, representing.
After Absorption by Hocking Talley.
100 shares old Ohio Central stock,
$10,000
3,000
30 shares Toledo & Ohio Central stock
Less
one-quarter for which
no
750
Remainder
2,250
To be exchanged on the basis of one share for two,
shares of Hocking Valley stock, representing
—And this after
leaving ll^
1,125
having paid $100 in cash.
Thus the holder of $10,000
of Ohio Central stock, after
having paid $100 in-cash, would hold $1,125 par value of
Hocking Valley, which whatever may be its prospective
value, with competition removed, will hardly command
more than a moderate
figure just now. We do not wish
to be misunderstood.
We
nothing fair or unjust in the
The original stock we do not think repre¬
sented any cash investment.
Nevertheless, the promoters
expected to derive great gains from its appreciation, and
it is interesting, therefore, to see how their hopes have
been dashed, and what little substance there remains for
see
arrangement.
Modified Plan
)
55,000,000 5
15.( 00,900
Total.
3,000
equivalent is to be given
Original Plan.
$25,00.2,000
morfgaire bonds
2d mortgage bonds
1st preferivd stock
2d preferred stock
Common stock
*$-O,o0O,000
<
\
50,«'< 0.000
5.00 >,0l'0
j 5,0< 0,000
40.000.000
f2o,000,000
$135,000,000
$110,000,000
*
May be increased to 25 millions, after one year, on approval of twotbiids in amount of second mortgage bonds and first preferred stock.
t Pays an assessment of 5 per cent, and receives in payment certifi¬
cates redeemable in first mortgage bonds at par.
It will
thus
be
seen
that
number of
important modi¬
original scheme have been made, without,
however, altering in any way the original idea of the plan.
Most of the modifications are in the line of those
suggested
by us when the plan was first proposed. We then stated
that while the scheme was not entirely
satisfactory, yet it
should with slight modifications be easy to make it aeceptable to the bondholders. Not a new plan was needed,
but simply a change in certain features of the old
plan.
The committee are apparently of the same mind, and have
a
fications in the
acted
that idea.
on
The
principal alteration noticed is that now the present
are
to be given a second
them.
mortgage in ex¬
Now what will be the position of the Hocking Valley in change for their holdings, instead of 1st preferred stock
this matter at the end of the long struggle,
during which according to the original plan. This is what has been
its life was threatened ? We have not room for details, but asked for in certain quarters, and will undoubtedly please
simply present results. The following will be the cost of many of the bondholders. .These latter feel that their in¬
terest is better protected under a
the Ohio Central to the Hocking
mortgage lien, even if
V alley.
the interest is payable only if earned, than it would be
Bonds.
New lesue, bearing 5 per cent interest
$1,000,000 under a
simple preferred stock. They feared that under
Stock.
the original scheme another mortgage might soon
Amount of preferred stock Toledo & Ohio Central.$3,108,000
be
Less one-quarter to be knocked off
777,000
crowded in ahead of them, though it was
distinctly pro¬
Leaving to be exchanged share for share.
2,331,000 vided that this could only be done with the consent of
Amount of common stock Toledo Sc Ohio Central.$1,000,000
three-fourths in interest of the 1st preferred stock cre¬
Less one-quarter to be knocked off
400.000
ated.
In the matter of the lien on
Leaving $1,200,000 to be exchanged on the basis of two
earnings of course, it
bondholders
shares for one, or
Making total amount of
605,000
makes
hold
no
difference
whatever
whether
the bondholders
preferred stock.
In either
case,
they can only get the surplus of earnings
of Ohio Central road between Toledo and Corning for 3
remaining after the payment of interest on the
millions of 5 per cent bonds and less than 3 millions of its new
firsts, and if any surplus remained in the one c^se
own stock.
As the road in the year ended Sept. 30, 18S4, it would in the second.
But as relates to the market value
as stated above,
earned $267,514 net, and the new bonds of the new security, it is doubtless true that a second
entail a charge of only $150,000, it will be seen that the
mortgage would command more than a 1st preferred stock
arrangement is very advantageous to the Hocking Valley. having no better security. Sentiment is a controlling con¬
In brief, it may bo said that the outcome of the conflict sideration in such
cases, and many people will buy a
that has been waged is that the Hocking Valley secures
mortgage bond where they would not touch a stock, even
the outfit of its quondam rival upon its own terms.
a preferred stock.
In this sense, therefore, the modifica¬
In the above we have the conception,
birth, brief life tion proposed is an advantage to the existing bondholders.
and death of one of the numerous parallel and
competing Under the new plan only five millions of 1st preferred
roads, which have so disorganized and disturbed our rail¬ stock will be issued, and this to the old bondholders for
road industry during recent years.
The story has its their back coupons.
lesson and moral, but they are so obvious that we need
But besides getting a bond instead of stock, the amount
not repeat them.
of the new first mortgage ahead of the bond is to be
new
Hocking Valley stock
$2,931,000
a
mortgage
or
a
Consequently, the Hocking Valley will get the 200 miles
-
reduced.
CHANGES IN WEST SHORE PLAN.
plan of reorganization prepared by the
having met with adverse criticism, and
being unacceptable to many holders of the first mortgage
bonds, certain modifications of the plan intended to avoid
the objections raised are now submitted.
We do not
understand that the amended plan has been put into defi.
nite shape, but a] parently an
understanding has been
reached as to the changes to be made, and an outline of
the same furnished the press.
It may be assumed, there¬
fore, that these changes represent, in the opinion of the
Hewitt committee
committee, the full
made to the present
measure
of the concessions that
millions, the first issue is to be no
millions, and in case the terminals are not pur¬
chased, only 15 millions. To be sure, there is provision
for a further issue of five millions
(to the original limit of
25
millions)—but this only after the expiration of one
year, and not then unless two-thirds the second mortgage
bondholders and first preferred stock consent.
Under
this arrangement the total
charges of all kinds for
the
first year after reorganization
would be only
$1,000,000. It is argued that even* this cannot be
earned, but such reasoning is based on a continuance of
the present state of affairs, which must be considered as
exceptional. It is not unlikely that the fight with New
more
The West Shore
can
be
bondholders without antagonizing the
Instead of 25
than 20
York Central
will be settled
a9
soon
as
West Shore is
\
May 23,
1885.]
THE
613
CHRONICLE.
property, and the West Shore cau not do without it.
placed upon a solid footing, and certainly it must be Moreover, the owners of the terminal bonds are strong
settled some time. It most assuredly cannot be settled
and powerful corporations, who,* being well secured, can
so long as tlie West Shore remains in its present chaotic
afford to and will hold on until they recover their invest¬
condition. Besides, business will not always remain de¬
ment in the property.
This us unfortunate for the West
pressed as at present.
Shore bondholders, we admit, but at the same time there
Perhaps the most important change of all is the reduc¬
seems no way of avoiding the difficulty, and the wisest
tion of the amount of the common stock one-half, from 40
course therefore would appear to be to accept the situation
millions to 20 millions, and that is very desirable, indeed.
and act accordingly. As things are now,the terminal holders
It will be remembered that the most serious complaint
will not even state their terms. They claim, and justly, that
made against the first plan was, that it practically
there is no responsible party to deal with. There is no com¬
continued the old parties in control. The amount of the
mittee authorized to speak for a majority of the West
first preferred stock was fixed at 55 millions, and the
Shore bondholders. Consequently it is not definitely known
aggregate of the other two classes of stock (15 millions how much of the new first mortgage will be needed to
2d preferred and 40 millions common) was precisely the
secure the tc-rminaH, and therefore any committee of reor¬
same, thus giving, as far as voting power was concerned,
the 1st preferred stock no greater value than the common ganization which the West Shore bondholders may appoint
This objection is now overcome, by
allowing only one share of new common stock for two of
old stock, reducing the same 20 millions.
Hence, there
will be only 20 millions of common stock and 15 millions
of second preferred, or 35 millions altogether, against 50
millions of second mortgage bonds (having full voting
power) and'5 millions of first preferred stock. The 15
millions second preferred, it may here be stated, is to be
issued as first proposed, in settlement of North River Con¬
struction accounts and other claims, though some have
misunderstood this fact, and contended that there was no
provision for these claims in the amended scheme. The
common stock, besides being cut in twain, is to be assessed
$5 for each new share issued, but for the money so paid
first mortgage bonds at par are to be given, so that the
only advantage of the assessment to the company is that
it provides to that extent a market for the bonds.
The
bonds to be issued on account of the assessment are not to
be additional to, but to form part of the 20 millions
or
2d preferred.
must be
But
in the matter.
short time ago, a full 8
allowed considerable discretion
assume
that,
as
stated
a
required for this purpose, that would be
equivalent only to a rental of §4 00,000 a year, and where
in the vicinity of New York could the West Shore get
such excellent and extensive facilities for such a rental?
It
is maintained sometimes that the West
Shore
does
not
need the terminals, that it can make
satisfactory arrangements with other lines.
That we
millions will
Common sense tells us that there is
trunk line running into New York to-day that would
cannot
not
a
carry
be
believe.
the West Shore’s
freight except on very onerous
terms—first-, because self-interest prompts the crippling
rather than the strengthening of a rival line, and secondly
because their facilities are inadequate for the purpose. Why,
even the old lines themselves are pressed for room, and are
(ineffectually in most cases) to extend
If an}' one thinks that in assuming a
their facilities.
charge of §300,000 or §400,000 a year, on account of
the terminals, the West Shore pays too dearly for the
referred to above.
It does not appear that all the objectors to the old are privileges acquired, iie might visit some of the officials of
satisfied by the new plan.
These objectors contended the older trunk lines and find out on what terms they
accommodate certain roads dependent upon them in this
chiefly for two things—control of the road, and a new first
mortgage only 15 millions in amount. The first we have respect. Let him find out, for instance, what the New
York Central charges the New York & New Haven road
seen they have been given.
The second they have not,
for its privileges at the Grand Central depot.
because it is unreasonable to ask it, and impracticable
Under the circumstances, therefore, we would earnestly
to give it.
A rc-organization, to be of any use, must have
advise bondholders to accept, the modified agreement.
In
a certain degree of stability about
it. It seems certain
its effects the West Shore-New York Central difficulty is
that a 15 million mortgage would be inadequate to the
engaged. It extends to all
needs of the company, and this being so, a re-organiza¬ not confined to the two roads
the trunk lines east of Chicago.
So long as that trouble
tion on that basis could only prepare the way for another
is not disposed of, trunk line affairs will remain disturbed
re-organization. The West Shore has a great many prior
And so long as that is the case, there
claims for right of way, purchase-money mortgages, and disorganized.
be
no dealing up of the railroad atmosphere, no hope
receivers’ certificates,
to meet, and these even with¬
of any material or permanent improvement.
Lor these
out any allowance for Lite terminal properly would take
reasons we are anxious to have the West Shore speedily
up the greater part of a 15 million mortgage.
How then
reorganized, and placed in a position to treat with other
would the company provide for its other needs—com
lines.
Then as regards the West Shore bonds themselves,
pietion of the load, new construction, additional stations,
buildings, equipment, kc. ‘We find that the Hew Turk nothing is so detiimental as delay. With a continuation
Central to keep abreast of the needs of the .times lias to of the present. condition, the charges ahead of them
are
all the time being increased.
Rates remain below
spend several millions a year for new construction, ke.
paying basis, and. the issue of receivers’ certificates
And if no margin of bonds is left for this purpose, how
Tne opponents of the present
is the West Shore, without credit and without available goes constantly on.
are
arrangement
doubtless
sincere, and animated by the
resources, to raise the money for such requirements? And
if it is not raised, how can it carry on operations success¬ best of motives, but they seem to us to be serving rather the
enemies of West Shore.
These latter desire nothing so
fully, especially with such a well-equipped rival to contend
much as a disruption of the property.
If they can add
with ?
of
the
road
by
fomenting
internal dis.
Another ground of objection is found in the treatment to the difficulties
of the holders of the terminal bonds.
It is claimed that cord, and prolonging the present trunk line fight, they
will direct all their endeavors to that end.
Hence the
they are to be favored to the disadvantage of the West
Of course it is unfortunate that they bondholders of the West Shore should seek to compose
Shore bondholders.
"a united
can not both be placed upon an
equal footing. But the their d iffe reuses in some way so as tr
seeking all the time
can
a
t3rminal
people have an undoubtedly
valuable piece of
front to the enemy.
THE CHRONICLE.
614
THE PEACE PROSPECT AND MR GLADSTONE
To all appearance
the war-cloud which hung so porten¬
tously over Europe and the East has for the present
passed over. To many in all lands this piece of intelli¬
gence will bring a sense of relief.
If it had reached us
before the strength of the Government had been tested in
Parliament, we should have been disposed to question its
truth; but after the victories the Ministry have won on
the floor
of
the
House of
Commons, it is natural to
con¬
[VOL. XL,
governments in the world, given to rough ways, rough
measures must be in order.
According to the opinion of
this latter class—a
Great Britain has
Russia.
Each
class it must be admitted—
numerous
already sustained defeat at the hands of
successive
movement
the part
of the
been a fresh victory; and it almost seems as if
obtained all she wanted without fighting for it.
on
latter has
she had
Reference is made to
on
the
concessions
made to
the west coast of Africa and to the
Germany
French in Mada¬
gascar; to the mismanagement of affairs
Suez Canal negotiations; and the question
in Egypt: to the
is put—whether
in the British community will have their way.
the fighting spirit which has made her what she is has com¬
Viewed abstractly, the preservation of peace cannot but
pletely gone out of England. In this country, it has to
be regarded as a cause of rejoicing.
Such a war as that be
admitted, these latter are the opinions which generally
which was threatened would have been a calamity—a
prevail ; and it has to be added that among the men who
calamity the effects of which would have been widely expe¬ hold these
opinions are the warmest and truest friends of
rienced. From the developments which have already been
the British to be found on this continent.
made we have seen enough to justify the conclusion that it
In proportion as these pessimistic feelings prevail, so does
would not have been confined to Russia and Great Britain.
clude that Mr. Gladstone
and
the least bellicose element
Of the many diplomatic movements which have
behind the curtain we know but little.
Mr. Gladstone suffer. That he is not without his friends in
been made
the British Parliament, the two latest votes abundantly
Enough,
prove. It is doubtful, however, if the Parliament as at pres¬
however, has come to light to make it probable that ent constituted
faithfully represents the sentiment of the
Great Britain would have been under the necessity of
people at large; and there are many who doubt whether
forcing the passage of the Dardanelles, and in doing so with a Beaconsfield at the head of the
opposition Mr.
would have brought herself into direct collision not only
Gladstone would have been able to hold his position.
His
with the Porte, but with Germany and Austria, or would
continued power in the midst of, and in spite of. so many
have
given the last-named Power the opportunity, with
make further
The Treaty of
Berlin would have been no longer binding ; and on al|
sides liberty would have been taken, as opportunity
offered, as interest dictated, or as convenience suggested.
Both in the East and West of Europe an unsettled state of
things exists; and even if a general war, in the circum¬
stances, could have been avoided, there would most
certainly have been disintegration and reconstruction at
the expense of the weak and in the interest of the strong.
So far, therefore, so well.
If there is to be no war, if
this ominous storm cloud has really passed—we ought not
to be above a sense of gratitude, if for no
higher reason
at least from a feeling of sympathy for probable sufferers.
It is a serious question, however, whether this
peace,
supposing it to be secured, has been secured in such a
manner as to be substantial and
lasting. Has the British'
Government done its best in the premises ? Has
anything
been settled ?
Is it intended by the present negotiations
to arrive at some permanent and
satisfactory arrangement
in regard to boundary lines in Central Asia?
Have the
the
full encouragement of Germany, to
encroachments upon European Turkey.
British
those
Government
regions ?
discovered what
Russia
wants
in
blunders, and in the face of what seems.to the majority of
intelligent men to be national humiliation, seems to argue
on the
part of his political rivals either want of brains or
fear of responsibility.
If, however, it should be foundr
that Mr. Gladstone's policy is acceptable to the great
body of the. British people, it really seems to imply that a
great change has come over the national character.
ptmietartji ©ommcrctal gugltslr jaems
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
.
EXCHANGE AT
On—
LONDON-Ha]/
Time.
8
Rate.
Amsterdam. 3 mos. 12 3s* @12*41.4
Amsterdam.. Sight. 12 lb] a 12-212 j
20*63 @ 20*67
Hamburg.. . 3 mos.
4
Berlin
20 G3
@20-67
«(
Frankfort...
20*63
@20*67
44
Vienna
12*60 @12*65
44
12*60 @12*65 j
Antwerp. ...
Paris
Short. 25*31i4 ©25-36-i.j
Paris
3 mos. 25*47 b> ©25 *o2 bjl
44
St. Petersb’g
23*4 @23!fi
1
44
Genoa
25*82 ^@25* 87V
<•
25*82 b> @25*57b>
Naples
“
Madrid
45 3* @46
•
44
Cadiz
45
ii
Lisbon
Alexandria.
51tlie®51b3le
44
44
Constant’pie
%@46
EXCHANGE ON LONDON.
Latest
Date.
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
8
8
8
8
Time.
Rate.
Short.
12*12
Short.
20*45^
20*45
20*45
12*45
25*36
••••••
44
44
8
8
44
44
8
8
8
8
8
S
8
8
8
8
Mav 8
Checks
•
25*32b|
Short.
44
3
4600
mos.
4 4
44
41
44
110*75
4*86i4
May 8 60 days
On the general subject which these ques¬ New York... 60 days
dem’ud
Is. 73gd.
Is. 7P32<L
Bombay
May 8 tel. tsfs
tions cover there is much difference of opinion".
Is. 7%!.
Is. 7316d.
Ma3r 8
Apologies Calcutta
3s. 7qftd.
Hong Kong.
May 8 4 mos.
for the course pursued by the Government are not
4s. 11VI.
May 8
wanting. Shanghai....
We are reminded that we live in an advanced age, and that
[From our own correspondent.!
the most advanced, the most civilized of the nations should
London, Saturday, May 9, 1885.
The prospects of peace, or perhaps more properly speaking,
set a good example.
We are told that to have rushed
the chances of a delay in the threatened outbreak of war. have
into war with Russia, immediately on the
receipt of the unquestionably increased
during the week. It is now generally
Lumsden reports would have revealed the weakness and
believed that our too-yielding Government will discover a
impulsive impatience of the school-boy rather than the means of averting an appeal to arms, and by further conces¬
conscious strength, the calm reflection, and the
dignified sions w ill again succeed in establishing some sort of ami¬
cable relations between this country and Russia.
self-restraint of mature manhood.
But
,
....
44
-
•
•
44
•
<•
this continued
offering of sops to Cerberus is of doubtful utility
practical-minded take a less rose-colored
to say nothing of the stain upon the national honor which a
view of the situation.
It is very well to talk of advanced
plenitude of verbose arguments will not remove.
civilization and of the propriety of setting
good examples.
However, be that as it may, the position, both from a com¬
But for a nation, good examples often consist in
putting mercial and financial point of view, is adjudged more pacific
down impertinence, and in resisting and
resenting wrong, than it was a week ago. Although confidence is certainly not
rather than in tamely submitting to insult and
injustice. restored, there is less anxiety prevalent. This is clearly shown
in the marked decline which has taken place in the insurance
Nations have not in the past maintained their
dignity and on vessels at Lloyds, the rate being only about one-half what
their honor by passive endurance, or by meekly
turning the it was during the excitement. Wheat also has fallen 2s. per
cheek to the smiter; and so long as there are
aggressive quarter in the week and is not a strong market at the decline.
The
more
615
THE CHRONICLE.
1885.]
May 23,
the chief manufacturing centres we also receive more
encouraging reports. In iron a rather better tone is men¬
tioned, and there is more passing in coals. Wool and cotton
also are meeting with more attention. The movement in the
Bank rate on Thursday was only a half measure, and could be
merely taken to indicate that the directors
so sure of
the political future as they desired to be, otherwise the reduc¬
tion might have been made to 2% or possibly even 2 per cent,
Still
Bo limited is the demand for money at the present time.
the change has not been without influence, and in conjunction
with other circumstances has assisted in causing a more hope¬
ful view to be taken of the political situation. The Board of
Trade returns showed only too clearly how trade has been dis¬
From
werePnot
Silver rose at the end of last week to 50d., but on Monday, owing to
lower rates ruling in India, the price relapsed to 4978<L, and on
with an arrival of £53,000 from Chili and £35,000 from River Plate,
business was at a complete standstill, in consequence of the statements
in Parliament the evening before; but yesterday, when the India
Council announcement of no allotment of bills or transfers was made,at
sudden spurt was given to silver, and tlie recent anivals were
a
Tuesday,
settled
49i«*]6d., and to-day wo quote 497sd. The Bokhara takes £119,500
Bombay and the Rome £61,500. The Ilydaspcs takes £5,000
Calcutta.
to
to-
Mexican dollars—With no arrivals to report, we are unable to quote a
price for these coinB. 1 he Rome takes £44,540 to China.
The quotations for bullion are reported as follows:
Price of Gold.
May 7.
d.
8.
Bar gold, flne . oz.
Bar gold, contain’g.
77
20 dwts. sliver.oz.
77
9
Apr. 30.
Price
of Silver.
Hay
<L
d.
8.
77
9
77
10k
7
49k
Bar silver, flne..oz.
Apr. 30.
d.
wt
Bar sil ver,contain¬
10k
50k
ing 5 grs. gold..oz.
13-1(3
50k
53 13-10
Cake silver
oz.
organized by the dispute between England and Russia. Our Span, doubloons.oz.
Mexican dols...oz.
8.Am.doubloons.oz.
exports of goods were materially checked, while the deliveries
Some excitement has been observed on the Stock Exchange
of raw materials and produce from foreign countries here
were accelerated.
Russian oats have come forward in unusu¬ during the week. “Bears’’have been eagerly closing their
ally large quantities, and the imports of Russian wheat show a accounts with the change in the political outlook. For some
market increase over the corresponding month of last year, settlements past the scarcity of stock has been growing more
but possibly affairs will now return to their normal condition. and more apparent and carrying over transactions has been
The following return shows the position of the Bank of increasingly difficult. The reason for the selling having been
England, the Bank rate of discount, the price of consols, removed, buying back has set in, the result being a sharp
the price of middling upland cotton,and wheat, and the Bankers’ rebound in home and foreign government securitie s and Eng¬
Clearing House return, compared with the three previous years: lish railways. American railways on the other hand have
1884.
1883.
1885.
1882.
been very flat. Lake Shores have fallen over $7 on the week
£
Circulation excluding
£
£
£
Bank post bills.... 24,953,490 25,880,820 25,992,025 20,203,750 and Chicago Milwaukee & St. Paul and New York Central
53
-
5,746,212
23,751.333 shares are fully $4 lower.
13,474.213
The Government are trying to make arrangements whereby
20,873,340
the
collection of the income tax on the coupons of foreign
12,446,580
Coin and bullion in
bonds to bearer, which are payable either here or on the Con¬
both departments.. 26,989,619 25,325,961 20,549,208 22,905,330
tinent or in America, may be carried out more efficiently. At
Proport’n of reserve
*
to liabilities
50-42 p. c.
48 p. c.
33% p. e.
423* p. c.
Bank rate
4 p. c.
3 p. c.
2 k p. c.
3 p. e. present large numbers of coupons are sold to the coupon brok¬
Consols
93%d.
101:Ud.
102d.
101VI.
Eng. wheat, av. price
37s. Id.
37s. 4d.
42s. lod.
47s. 2d ers, who send them abroad for collection, thereby evading the
tax.
The Government are trying to devise means to remedy
Mia. Upland cotton..
* 5k<L
57iqc1.
5kd.
No. 40 mule twist
Pkd.
9 VI.
lod.
1034d. this evil and check the loss of revenue, and have been in con¬
Clearing-House ret’n. 100,528,000 113,588,000 105,120,000 102,589,000
sultation with the leading London bankers on the subject. As
The directors of the Bank of England have, as stated, at
however the bonds are all to bearer, and it is impossible to
length taken action and have reduced the rate from 31£ per
arrive at tlie proportions of the stock held here or abroad, it is
cent, at which it was fixed on March 19 last, to 3 per cent.
Were the political situation more assured, there is no reason difficult to understand how they will manage to deal with the
matter.
Still it is quite fair that the collection of the income
why the rate should not have been put still lower, as the
tax should be made as equal as possible.
inquiry for money, either in the shape of loans or discounts, is
The revenue receipts from the 1st of April, when there was a
very moderate.
Day-to-day loans are nominally quoted at }/2
balance of £4,993,207 to May 2nd, were £9,6GG,247, against
per cent per annum, but there are no borrowers. The position
of the Bank of England is very strong, although there is a loss £8,173,G6G in the corresponding period of last financial year,
in the reserve on the week of about £247,000.
The proportion which began with a balance of £5,632. The net expenditure
The Treasury
of reserve to liabilities is practically the same as last week— was £9,G54,GS0, against £7,032.192 last year.
balances on May 2 amounted to £5,009,103, and at the same
namely, 50*42 per cent, against 50*79 per cent.
Following the movement of the Bank, the Joint-stock banks date last year to £5,740,312.
A new Victorian 4 per cent loan for £4,000,000 is announced,
and the discount houses have reduced their rates of allowance
the minimum being 99 per cent. A Queensland Government
on deposits
per cent, the former giving 2 per cent for money
4 per cent loan for £2,500,000 was also announced, tlie mink
at notice and the latter
per cent for money at call and
mum price of issue beingi>7 per cent.
per cent if with 7 or 14 days' notice of withdrawal.
Tenders for £1,Gil,000 Treasury bills were received at the
Interest allowed
Open market rates.
Bank
of England, and tlie whole sum was placed in three
for deposits by
Trade
Bills.
months’ bills at an average Of £2 Os. 7)4'd. per cent, tenders at
Bank Bills.
DL'X’t TTse
London
Joint
£99 9s. 8d. receiving about 76 per cent, above in full.
The
At 7 to 14
Stock
Three
Four j
Six
Four
Three
Six
bills
now
maturing were placed in February last at £3 Os. 3)^d.
Months Months Months Months Months Months Banks. Call. Days.
2k
per
cent,
so
that there has been a saving of nearly 1 per cent
2M-2%
2k
Apr. 3 3k 2H® - 2%@ - 2m - 3 @
,2~m3
8,623,738
7,668.244
7,352,011
26,431,222 23,817,079 23,282,477
Govemm’t securities. 14,497,134 12,039,977 14,334,917
20,688,287 21,472,662 23,869,729
Other securities
Res’ve of notes & coin 17,736,159 15,189,141 10,307,183
Public deposits
Other deposits
•
BBaatnek.
-\2-m3
10
“
-
The Bank rate of discount and open
have been
as
now
Paris
Berlin
2M-2M
2k 2U 2 H
2k 2H-2H
iwvu-iH
market rates at the
weeks
and for the previous three
follows:
April 30.
April 23.
April 10.
Bank
Open
Bank
Open
Bank
Open
Bank
Open
Rate.
Market
Rate.
Market
Rate.
Market
Rate.
Market
3
4k
per annum.
The rate last
The number of failures in
2%
2%
3
2%
3
2k
3
2k
4k
4
4k
4
4k
4k
4k
Frankfort
4
3k
4
4
4
4H
4
Hamburg
4
4
3H
4
4
4
4k
Amsterdam
3
3
2-k
3
2H
3
2H
Brussels
3
2k
2U
2H
S
2k
3
3
2H
Madrid
Vienna
4k
4k
4k
4k
4k
2H
4k
4k
4k
4
3%
4
3H
4
4
4
4
month was £2 14s. 2d. per cent.
England and Wales during tlie week
than in the corresponding
date of 45. The number
published in England and Wales for the week
ending May 2 was 80, being 20 more
week, but making a net decrease to
of bills of sale
was
272,
an
increase of 45 over the
corresponding week and 82
published in Ireland for the week was
15, against 12, the decrease to date being 2.
The April return of the Cleveland Ironmasters’ Association
shows that the make of pig metal during the month was 204,000 tons, of which 138,000 tons were Cleveland iron. There
are 97 furnaces blowing, of which G8 are producing Cleveland
iron.
The stocks have been decreased during the month by
to date.
May 7.
Bates of
Interest at
2
2
“
chief Continental cities
2k 2H-2H
2k
2k
2k
2k
3)6 2m - 2X@2H 2U® — 3 nom .3 nom 3k'nom
17 3k
2m2X 2)i®2% 3 @ - 3 @3k 3m ~
"
3 @3;|3,W
24 3)<j 2X32X 2 m - 3 @
May 1 3 k 2%@2% 2m - 2m -2%®2X2m3 ,3m3%
i mm 2 (3 - 2m - 2m2H 2143,2% 2k^2k
8 3
“
The number
856 tons.
The Board of Trade returns
for April are no more encourag¬
recently issued. The further restriction of
operations is presented with wearisome repetition. The total
0
0
0
0
0
St. Petersburg..
0
shipments of British and Irish produce and manufactures were
3k
3k
3k
3k
3k
3k
3k
3k
Copenhagen....
small, political anxieties no doubt having something to do with
Messrs. Pixley & Abell report as follows on the state of the
the reduced aggregates.
The loss in April was £2,355,301,
bullion market:
making the decrease for the four months £7,578,979. Imports
Gold—With no export demand, all arrivals have been purchased by
the Bank of England. The amount so bought is £469,000 and £6,000 have shown an increase of £3,547,402 for the month. The total
has been sold for South America, The Bank rate was to-day lowered to
is heavy, and may have been in some measure augmented by
3 per cent, having stood at 3 k per cent since the 19th March.
....
.
...
ing than those
I
616
THE CHRONICLE.
the desire to effect deliveries here before the threatened hos¬
tilities actually commenced. For the four months there is a
decrease of £5,4S5,521. Dealing witli the increase in the
The extent of the sales of home-grown,
wheat,
oats in the leading markets of England and Wales
first thirty-five weeks of the season,
age prices realized, compared with
shown in the following statement:
imports for tlie month, articles of food and drink duty free
have expanded £2,156,503, cereal produce alone
accounting for
about £1,500,000. In raw materials for textile manufactures
the gain was £1,074,839. As regards the decline in the
exports
for the month, £995,937 is in yarns and textile manufactures.
£439,046 in metals and articles manufactured therefrom, except
Wheat,
machinery, and £211,882 in machinery and niillwork.
Parley
The imports into and exports from the United
Kingdom Oats..
during April and the four months were:
/—Total
2,*3
/—E!ports British d-
Imports —»
April.
4 Months.
£
1«S3
133 i
1835
3s.n0t. r 1
20,7; 3.733
33.321,100
Th
13.4 * 9 • ,3 3 3
1:11, 03,8.4
following
exports:
1 Months.
April.
£
£
£
1S.442.nnO
1'',749.013
77.4S2.30S
5.359.000
4,004.837
4,964.
5
5,367,273
20,8(18,000
20,8 M.m7*
20,031,182
10,0*4,2S3
arosome of the
77,111,661
*.0,03’),0S3
-
..
...
..
...
...
All countrios—April
4
Cotton piece
..
months
O
y
4 months
.
.
To and
4 months....'
Export* In
Do
April...'
4 months....
SILVER.
Imports in
Do
4
April...1
months....
Exports in April..,
Do
4 months.
The
3,106,654
1,797.267
4,768.578
1,601.579
6,159,95 1
1,158.1 It
4,918.334
188 l.
4,13 *,70 )
3,817.090
21.899,8 >0
4,29 1,600
29,574.800
228,300
2,022,0 -0
5,004.300
32, >59.10 >
100,500
2.201.800
1,9 42,600
.
.
from all Countries.
as
1835.
1SS3.
18St.
£
£
£
£
£
425.704
2 521.027
1,5»5;.32>
6.153,005
3,317.4627 <7,003*
511.742;
3,634, .07, 1,766,804
1.vss.wss
I, (,30
OfiO.OSOl
075,307
993,910
3,361,79 5
762,035
1,164,650
$»41,4c3j 1,(H7,*40
933,437;
3,17l,oIS! 8,557,377: 3.44J,027'
3,575,420
.......
459,785
79
Liverpool.
322,435
1,964>KW
165,3-3
177,2'3
878,815
4,100
4*650
906,976
8.002
128%
53 J8
783
53
73a
80%
86
Sat.
Mon.
d.
0
5
s.
Flonr (ox. State).! 00 lb. 10
236.000
1833.
2.401.000
216,000
166,500
256,000
1,845,000
•
!
1
Tucs.
Caibie.
Wed.
d.
0
3
1
1
8
s.
124%
Thurs.
128%
7Lj
l 35%
7%
128%
5258
7%
855e
.85 >s
Tues.
Wed.
Thurs.
|
5:V
!
s.
d.
s.
10
10
0
7
7
7 3
-Vheat,No.2,'Ji>r,g “
1
7
7
Winter, West., n “
1
7
7
1
Cal., No. 1
7
“
1
7
9
Cai., No. 2
“
6
6
6 8
5
Corn, mix., old... **
86j 5 8% 5 Sk>
*’orn, mix., new..
4 Ilia 4 11% 4 11
“
Pork, West. mess..^ bbl 51 0
ol
0
50 0
Saoon, long clear
30 0
30
6
30 0
3eef, pr. mess, newj tc 87 0
47 0
87 0
Lard, prime West.
35 0
cwf. |35 0
34 9
Oheese, Am. choice
41 0
54 0
51 0
1,3"0
36,160
,
Mon.
12'“34-
Vew York Central.
£
2.670
5.87.4
3,y 17,821
Last i/ear.
5teports-Cer
Sat.
Pennsylvania
Philadelphia & Reading
S'*
!s!
1,99 2,8(11
Last meek.
2.91or000
292,000
322,<»90
Olarliet
dlinois Central
1
600
70’J
26,123,300
49
4 SIM.
per oz
d. 49 V
IS*?,* 49
.'0118018 for money......
91) 5*1
99 Lj
9
fm5l(.
99%
’oxiHoIs for account
: 9°i,i
1
99
99%
85
HU ha
997, •
Fr’cU rentes (in Paris) Jr 80-O7L, 80'52i2 80-37 Lj SO-47% 80-30
U. S. 4 834 of 1891
i
11334
113%
13%
113%
113%
U. 8. 4s of 1907...
12438
124%
L‘M 3q
1245s
1245s
Canadian Pacific
38 78
39 38
41 1-3
! 3 9 3g
40%
'hie. Mil. <fc St. Paul....
71 4b
71
71 %
70%
j
71%
i 0 r,8
brie, common stock
10%
10 Y
10%
1033
follows:
i
1884.
At present.
qis. 2,9 :2.040
to qrs
238,000
qrs.
426.000
6Ivor,
To and from United States.
1883.
1881-2.
709
1
3.237,200
20,704,200.
3,319,200
26,307,700
214,300
1,712.804
1,343,500
11,0L1,109
2,091,500
11,190,300 13,901,900
cious metals have been
1862-8.
3.0,90
following shows the quantities of wheat, flour and Indian
passage to the United Kingdom:
Loudon.
1885.
24,052,901
fabrics—Apr
4 months
Worsted fabrics—Apr
4 months....
Do
759.322
4,614,007
1.079,101
1883-4.
30,383,805
‘
UNITED STATES.
.
.
4 mos
Imports in'April...
1.193,402
1S83.
goods-Apr
GOLD.
16,930,006
6,574,921
..
Linen piece goods—Apr
Woolen
13,001,253
16.926,037
into cwts., the totals for the
follows:
as
daily closing quotations for securities, &c., at London
and for breadstuff.-? and provisions at
Liverpool, are reported
by cable as follows for the week ending May 22:
1,0 15.651
4.-‘8 1,8'9
2.i'3.1 19
..
months
926,(1)32
3,784,f> 1
465, •28
4,161,279
d.
s.
Tiie
1,003.464
6,150.511
2,3 34,‘>Q0
5.5 27,822
5,31 6, <>59
..
:.
1,' 8 ,95 i
7,230,179
estimated
rSnirHsIi
724,336
4,6’4,2*86
5.5i
are
1884-5. c
ewt. 31,227,542
Maize
iss:>.
C\v ify.
733,299
...
April
4
kingdom
Flour,equal
mro! ts.
1831.
C’V\M S
Price
!
corn on
leading items of imports and
1 -63.
d
s.
Av'e/e
Sides.
2,164,056 33 10 2,il8,201 39 0 !,783,CO 141 4
2,9 3'',5 02 31 5(3,018.813 32 3 lf«2 V74lf33 10
252,34’- 20 Oi 301.410 19 11
,203,653 21 1
qrs.
Wheat
The
1382-83.
A v’ye
Price
Sales.
d.!
s.
whole
4 Months.
together with the aver¬
the previous season, are
!8?3-84.
A fi<je
Price
Sales.
Wheat
months
4
1881-85.
-
£
Cotton.
Cwts-.
From United States—A mil
1.015,2 !0
4 months.. ...5,334, 03
All countries—April
1.4'4. 2 1
4 months
0,9-0,92 i
Wheat.
United States—Allan, ports—Aj ►r 1,540,743
1 months
5, '• 3 1,1 3 4
Pacific ports—a pul.
1.305.1 43
4 months
All countries—April
6. >7o, i 57
Flour.
Uniteu States
Mer'ds‘\
April.
£
tu.2n7,ofto
Colonial
barley and
during the
■vy
Converting quarters of wheat
firports fiorciqn it
—
Irish, t'rodnets
[Vol, XL,
10
7
i
7
6
5
4
50
29
87
34
5 >
d.
0
s.
d.
10 0
3
7 3
2
7
2
1
L
7
8
6 8
3%
5 8^
11
4 11
0
50
0
9
29 9
0
87 0
9
34 9 '
0
52 0
Fri.
49^8
99% 8
91*1 ig
80-20
113%
12443
40
70%
10%
128»a
53 *6
7i0
85
Fri.
$.
10
7
7
7
6
d.
0
5
2
1
8
4 11
0
50
29
87
34
52
6
0
9
0
61
61
grain trade, which has of late been very sensitive to
National Banks.—The following national banks have
political influences, lias naturally become decidedly weaker
lately
been organized:
now that the chance of a war with Russia lias been
materially
3,334.—'Til-. First, Nitimial Bank of Ord, Nehr’r-dca. Capital, $59.0i)9.
reduced.
At Mark Lane on Monday .wheat was
only salable
Heiii.ui A. Babcock, President; (-reorge A. Percivai, Ca-hior.
at a decline of Is. per
quarter. On Wednesday there was a 3.310.—Tie. Wo't Pomr National Bank. Went Point, Nebrk-ka. -Capital,
$50.OK). William Sfvfor, President; Niels Larsen, C ishier.
further fall of Is. to 3s. per quarter, and
although a slightly 3,311 The First Noli * nil 1» mlcof A*hens,TivMfo•see. (lanital, $30,000.
J. M. iroml rami President; Robert J. Fisher, Cashier.
better tone was observed on
Friday, no recovery could be
Imports and Exports for the. Week.—The
reported. The late display of animation rnay now be said to
imports of last
have disappeared. At present only hand-to-mouth
meek,
compared
with
those
of
the
dealings artpreceding week, show a
reported and the trade does not possess much real support. decrease in dry goods and an increase in general merchandise
New York advices report a rather uncertain market. The Thectotat imports were $!>.322,220, against
the pre¬
statistical position both here or on the Continent h *s not ceding week and ^7.890,931 two weeks previous.
Tiie exports
for tiie weekended May 19 amounted to
.$7.0 »5,759, against
varied much during the week.
Farmers are not sending for¬ $7,102,210 last week and
stl,do5,308 two weeks previous. The
ward their produce freely, hut
foreign importa’ionsdiave r yen following are the imports at New York for the week
ending
on a fair scale, and would invo b-*eu
urg»>r no doubt bad the
for dry goods) May 1.4 and for.tiie week
ending (foi* general
wind been more favorable for ves eU <*
>>ning rip the channel. merchandise) May 15 ; also totals since the
beginning of the
Supplies offering have been about sufU-jient for r (pilivments. rltst week hi January:
The
speculative
which spr sng up ween war Mv-mc 1
and althi>uj:h all danger hasji »t 3a»t
passed away, the main influent s **flketi.ig the trade will now
partake more of an agricultural than a political charaet r.
The following return shows the extent, ol; the
imports of
cereal produce into the United
Kingdom during the lies:
thirty-five weeks of the season and the sales of
m >ve n<uit
imminent has dieJ
produce for the
eoHhj-O'v
out.
same
period, compared with last
; or
Wheat.
c.vt. 3 4.63
Barley
,5 9
11, t 4 2.16 *
7,775,311
1,299.63 4
2.2:9,860
16.610,344
11,336,410
Oats
Peas
Beans
Indian
Flour
;
corn
1883-1.
7 6,‘1.75
11,6: ,:>c;
7,86'',2 18
1,1 01.5)8
1,671,753
17,8 *7,-.:S7
10,332,591
.4
1884-5.
1883-4.
Total
l
9
1;
a’i mer’dise
home-grown
i’ota!
eiuce .Tan. 1.
season:
ry
188‘mL
18,763,4 16
12,311,000
9,«ts3,413
1,15
‘12 7
1,810 382
13,2 >7,*>71
1* ,013.163
]S84_g
41.311,000
0,7 it). <35
In
our
|
at new
1883.
1
m-4.
1335.
$2,121.12 i!
6,7-43.8 loi
SI,432,0 19
6.7.>7,222
*1,377 9 25
(3,790,12-•
$1,155,995
5,166.231
S3,.855,2 !0!
I
4-S.239.l71
$8,163,053
S 4,322.220
451 ,908,150
348,874 681
125,420.) 91
$10,253,062
85 1.233,778!
14: 22 l 338
f 197.5
127,325,-09
104*241.647
-.8,1 L1’1 SI79,1 33,9 '9;^74,29 1.878 *140,544.709
report of the drygoods trade will be found the ini-
1
exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending May 19, 1885, and from
January 1 to date:
6,862,528
on
EXPORTS FROM NEW YORK FOR THE WEEK.
'
18t2.
1832-3.
1381-2
43,76 ‘,546
30,905,700
41,341.(99
6,362,528
26.128,3<0
For the week...
Prev. reported-.
86,679,409
73,831,918
Total 20 weeks. $123.309.525 413 3.314.510
12,013 163
York.
p :-rts of dry goods for one week later.
The following is a statement of the
14,424 3 43
stocks
h’:. eaer'dise..
fetal 20 weeks
0,423.272
1,28 0,14 4
1,151.0
.
...
:
Supplies available for consumption (exclusive of
September 1) in thirty-five weeks:
Imports of wheat, cwt.33.632,509 35,376,025
Imparts of flour
11,336,140 10,332,594
Bales of home-grown..31,227,-a42 30,383,805
W3.-
•Ay goods :
IMPORTS.
18 8 f- “
'desk.
imports
$1,912,706
118,357,819
,1833.
$6,373,889
132,440,621
1885.
4884.
$5,114,604
107,252,828
$7,095,759
L,973,123
12
4112,567.13.2 8128.976 c82
3fAY 28,
THE CHRONICLE.
1885.]
The following table shows the exports
at the port of New York for the week
and imports of speci
ending May 16, and
since January 1, 1885, and for the corresponding periods in
1884 and 1883:
EXPORTS AND IMPORTS OP SPECIE AT NEW YORK.
Gold.
Week.
Great Britain
Since Jan. 1.
$500
Week.
Since Jan. 1.
$
$......
$255,900
1,412,991
3,003.055
9,562
France
Germany
West Indies
Mexico
gouth America
All other countries...
Tetal 1885.
Total 1884
Total 1883
10.000
153,625
13.000
399,176
17,814
146,472
14,000
114.46 6
50,000
53,471
$24,690
157,800
2,000
*5.283,665
$172,865
$5,032,979
36,193,885
7.562
138,250
21,163
3.24«,431
4,755,990
190
4,720,112
109,8*55
Silver.
Great Britain
16,537
$5,517,358
219,009
1,300
73,177
175,977
$249,50 >
France
German/
West Indies
Mexico
South America
All other countries...
Total 1885
Total 1884
Total 1883
$24,332
$
76
146,877
19,339
6,134
30,892
4,235
170,887
295.462
5,508
402,524
......
$207,337
201,743
$6,392,280
$55,355
$643,112
5.591,107
5,743,664
34,8 47
94,186
1.621.846
46,395
Of the above imports for the week in
American gold coin and $6,220 American
exports during the same time, $24,690 were
and $1,300 American silver coin
1,901,825
1885, $169,818 were
silver coin. Of the
American gold coin
United States Sub-Treasury.—The following table shows
the receipts and payments at the Sub-Treasury in this city,
as well as the balances in the same, for each day of the past
week:
Balance s.
Date.
Receipts.
$
May 16.
1,4 14,073 65
18.
19.
20.
21.
22.
1,409,701 49
*4,364,793 30
t 3,496,139 32
Total...
17,754,104 73
“
“
“
“
“
*
1.033,166 63
6,006,231 34
Payments.
Coin.
Currency.
$
$
$
1,015.676 47 138,531,863 61 24.066.909 30
1,178.0L7 30 13 *,431,752 26 24,398,704 84
710,409 43 142,016,992 71 24,467.918 26
964.341 77 144,439,527 82 24,572,109 70
992,601 19 144,389.526 57 24,662,676 39
5,859,152 94 144,431,542 59 24,767,738 77
10,725,199 10
gold certificates put into cash.
$2,585,700,gold certificates received from the Boston Sub
Includes 43,000,(100
t Includes
Treasury.
tfBgaMme
Lebanon Springs.—This New York railroad was to have
been sold in M»y, but the sale was postponed to June 2,
This road was chartered in 1852 and formerly known as the
Harlem Extension, and went into a receiver’s hands
The road runs from Chatham, connecting with the
in 18S0.
Boston &
Albany and II trlem railroads, and after crossing the Troy &
Boston and Boston Hoosac Tunnel & Western, joins the Ben¬
nington & Rutland Railroad at Bennington, forming a
road sixty miles long.
One rumor states that a Boston
syndicate may purchase it.
Richmond & Alleghany.—The two reorganization commit¬
railroad company have adjusted their differences
and have united in one joint committee for the purpose of car¬
rying out the plan presented Jan. 15, 1885. Francis O. French
has been added to the committee, which now stands as fol¬
lows : Erwin Davis, James B. Colgate, John J. McCook,
George F. Baker, James T. Closson, Smith Clift, Charles M.
Fry, J. Kennedy To I and F. O. French. This committee
repre.ceiRs three-fourths of the bonded indebtedness of the
company, the two committees having obtained the signatures
of $4,009,000 first mortgage bonds, $2,900,000 second mortgage
bonds, and a majority of the floating debt. It is believed
tees of this
of the new plan will be carried out,
agreement that the form of the new
$5,000,000 mortgage and selection of trustee shall he deter¬
mined by a unanimous vote of the new committee. This lastprovision is designed to secure the rights of the first mortgage
bondholders. A call for the deposit of securities with the
Mercantile Trust Company has been issued by the new com¬
that the provisions
with the additional
mittee,”
St. Joseph & Western.—The Reorganization Committee
of the St. Joseph & Western Railroad reports the deposit of
all but $200,000 of the stock out of a total issue of $4,100,000,
and all the bonds except $330,000 out of a total issue of
$6,200,000.
securities.
Post.
Saturday, May 23, is the last day for receiving
The sale of the road takes place June 11 .—Evening
Scioto Yalley.—Bondholders representing more than onethird of the first mortgage bonds of the Scioto Valley Rail¬
Company met at the office of S. Chittenden, No. 176
Broadway, to take action to oppose a scheme said to be in
road
contemplation for the benefit of the holders of the floating
debt, whereby the safety of the first mortgage bonds would be
imperiled. There was some animated discussion at the meet¬
ing and a strong opposition shown against the recent proposal
to give no preference to first mortgage bondholders.*
A com¬
mittee consisting of L. B. Binsse, W. Opdyke, H. J. Cliiiten-
den, of Columbus, Ohio; J. L. Robertson and T. D. Rogers
was appointed to
take such measures as may be deemed neces¬
sary for the protection of the prior lien of the first mortgage
bonds. The bondholders present adopted a resolution engag¬
ing not to sell the July coupons without reporting such inten¬
tion to the committee.
Imports.
Exports.
617
Southern Maryland.—The Central Trust Company of New
York, trustee of the mortgage of 1881 for $1,600,000, has
begun foreclosure suit and applied for
a
receiver.
Wabash St. Louis & Pacific.—The Central Trust Company,
nominal!}' complainant against the Wabash St. Louis & Pa¬
cific in the “ consolidated cause ” pending in the United States
Circuit Court, filed an intervening petition to have about
$3,000,000 of Wabash indebtedness declared invalid and barred
by the statute of limitation. These are the funded-debt bonds
and certificates which, the petitioners say the}r are informed,
represent a large amount of coupons, aggregating nearly
$3,000,000, heretofore due on bonds issued by the various cor¬
porations which have, since issuing the bonds, become merged
in the Wabash Company.
These coupons were exchanged
first for certificates, and then for funded-debt bonds, in pur¬
of a proposition made by the Wabash in 1877, * * *
and neither the certificates nor the bonds issued in lieu of the
suance
coupons were secured by mortgage.
The intervenors ask the
Court to determine if the statute of limitation does not run
against the detached
coupons; if the funded debt bonds and
certificates are not, in fact, unsecured by any lien upon the
railroad property, and if those claims do not rank as claims
inferior in right to the general mortgage.
—Another branch lias been taken off by an order made in
the United States Court at Springfield. III., appointing A. J.
Thomas, of New York, receiver of the Champaign Havana
& Western Railroad, which is commonly known as the
Havana
branch
of
the Wabash St. Louis & Pacific Rail¬
way.
—Notice is given that a meeting of the holders of the bonds
secured by the mortgage of the Omaha Division of the St.
Louis Kansas City& Northern Railway Company to the United
States Trust Company of New York, Trustee, will be held at
the office of Stewart & Boardman, Wall Street, New York,
on Wednesday, the 27 th of May, to advise with the trustee in
regard to the steps to be taken to enforce the rights of the
bondholders.
—Stock of the Somerset Ranch and Cattle Company is
offered for sale by Mr. J. Hugh Peters, broker, 24 Nassau
Street. The profits made out of well conducted cattle ranches
in the past few years have been almost fabulous, as can be
shown by indisputable evidence to any one who cares to ex¬
amine the facts.
The managers of this company are careful
business men of unquestioned integrity, and their prospectus
and
plans for business are such as to command attention since
they give promise of very handsome profits. Mr. Henry Tor¬
rance, of 18 Broadway, is the president, and among the direc¬
tors are Mr. William Peet, of Bristow, Peet& Opdyke, lawyers,
Mr. A. H. Smith, of Mi 11s, Robeson & Smith and other wellknown gentlemen.
—The attention of investors is called to the offer of
$400,000
County, Indiana,
per cent refunding bonds, prin¬
cipal and interest payable in New York. This county contains
the city of Indianapolis and is one of the most populous in the
State, and we understand has a high credit. These bonds are
commended as a desirable investment by such well-known
bankers as Messrs. Spencer Trask & Co. and Kountze Bros.,
this city.
Marion
—Since the completion of the new Cotton Exchange buildimr many of the oldest and best known houses in tiie cotton
trade have taken offices within its precincts, among whom
may be found the following advertisers in the Chronicle:
Robert Tannahili & Co , Tuttle & Wakefie’d, Rountree & Co.,
G. Schroeder & Co., G. E. Staenglen, Hopkins, Dwight & Co.,
and Inman, Swann & Co.
—The Ontario Silver Mining Company has declared its April
dividend of $75,000, making around total of $6,4.25,000 to date.
Present dividend is payable at San Francisco office or by
Messrs. Lounsbery & Co., transfer agents, 15 Broad Street, on
the 29th.
Transfers close on the 25th.
—The well-known house of Vermilye & Co., this city, offer
Connecticut State bonds to investors desiring a choice security.
These bonds rank next to Governments in point of credit, and
those
wishing
a
prime investment will do well to examine this
loan.
Anction Sales.—The following were
sold at auction lately
by Messrs Adrian H. Muller & Sou.
Shares.
Bonds
15^
1 At limi t. 0s
Mining Co
$2,000 Elizabeth City & Nor¬
$75
folk RR. Co. inob
$’..000 Gaines Coal & Coke
Co. 1st 6s
$3,000 Kemble Coal & Iron
Co. Os
consol, inert
$060
$50
$3( 0 Eighth av. RR. Co. cert.
of indebtedness
109
$1,000 Great West’n RR. Co.
1st inort.Ts. due ’88.
Feb.,
1885. coupon on —.
913i
$10,000 Selma Rome & Dal¬
ton
RR. Co. 2d mort
Evening Star Min’g Co.$35
1,000 Fletcher Gold & Silver
560
$2,000 Addfson & No Penn.
$11
$11
50 Calumet & Chic. Canal
and Dock Co
$1,320
2,582 Excelsior Life Saving
Car Coupling Co
$20
5 Amity Ins. Co ,80 5f paid $2
495 Shenandoah Iron Co..$1,000
65 Greenwich [iib. Co
220
20 Real Est. Exeli. & Auc¬
tion Room. Limited... 103
$35
1,009 Bull’s Head Bank
1 Right N. Y. Soc’y Lib’ry $3
The
following dividends have recently been announced:
Per
cent.
Name of Company.
Coins.—The
When
Bocks Closed.
Payable.
(Days inclusive.)
X X Reichmarks. 4 74
X Guilders
3 96
Railroad.
Chicane Burl. & Quiucy (quar.)...
NEW
YORK,
$2
June
15 May 25 to June
FRIDAY, MAY 21,
The Money Market and
i
18S5-5 P. M.
Financial Situation.—The week
passed without developing any important events in financial
affairs, and in such periods of dulness no news is in a certain
sense good news.
The vitality and general soundness of the mer¬
cantile community are well shown by the absence of large failures,
and it is only a question of time when business must improve, |
as the production and importation of goods are being curtailed,
and it is manifest that prices must some day advance.
At the
port ot New York alone, the importation of foreign merchan¬
dise since Jan. 1 (20 weeks) has been only $146,544,709, against
$174,294,878 in 1884 and $179,133,959 in 1883; and each week
the returns now show a large falling off, making the total de¬
crease larger as compared with former years.
The wheat reports, covering the winter crop only, indicate a
material decrease from the large yield of 1884; but in Texas
the grain crops are exceptionally good in appearance, and the
cotton acreage is considerably increased, while the condition of
the plant thus far is excellent.
These reports are suggestive as
to the immense area occupied by the agricultural interests of
the United States, and the improbability that all sections will
suffer, or that all will be abnormally prosperous in a single year.
At the Stock Exchange the volume of business has been
small, but prices of leading stocks generally well supported by
their friends and patrons, except the Vanderbilt stocks, which
seem to have
little inside support, and hence many operators
believe, whether correctly or not, that Mr. Vanderbilt is will¬
ing to see them go lower.
Rates for call loans during the week on stock and bond
collaterals have ranged at £@4 per cent, and to-day at 1£@2- per
cent.
Prime commercial paper is quoted at 3] @4 per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £180,664, and the percentage of reserve to
liabilities was 50 1-16, against 50 9-16 last week; the discount
rate remains at
per cent. -• The Bank of France gained
6,582,000 francs in gold and 2,140,000 francs in silver.
The New York Clearing House banks, in their statement of
May 10, showed an increase in surplus reserve of $2,115,325,
the total surplus being $57,416,050, against $55,300,725 the
has
-
following are quotations in gold for various coins.
previous week.
Silver ^48 and. %3. —
Five francs
—
Mexican dollars.. —
Do uncommero’l. —
Peruvian soles.... —
$4 85% ft $4 90
3 88 ft 3 93
Sovereigns
Napoleons
ft
ft
4 78
4 00
99%ft
92
35
84
78
-3
ft
ft
'3
ft 15 70
Mei. Doubloons.. 15 55 ftl5 65
English silver .... 4 78 ft
Fin ) silver bars
I 07% ft 1 08 q U. S.trade dollars
84% ®
Fin -> gold bars....
par ft% prern I U. 8, silver dollars — 99% ft
Dimes & % dimes. — 99%ft par
8pan’hDoubloona.l5 55
:
..
,
par.
—
94
—
85%
—
—
79
4 84
— 85%
par.
United States Bonds.—Government bonds have been only
moderately active the past week, with prices strong for the
four per cents and steady for other issues.
The closing prices at the N. Y. Board have been as follows:
'
May
101
May
May
May
May
18.
19.
20.
21.
22.
11158 *111% *111% 111% 111% *111%
1125s ni2%i*ll2%! 112% *112% -112%
*121%,*121%! 121%; *121% 12178 121%
41*3,1891.... ..reg.
41*8,1891.... .coup.
4s, 1907
_...reg.
coup,
48,1907
3s, option U. 8
-reg.
.reg.
6s, cur'oy, '95
..
,
1213±*L21%j*L22 j
121 V 122
121%
103%! 103%! 103%! 103% 103% 103%
*129% *129%;* 129
*131% *131% 131
*132% *131% 132%
*134% *134% * 13178
*136%;*136%*136%
6s,oar’oy, ’96
6s, cur’oy, '97
6s,cur'cy, '98
6s,our’cy. '99
Tills is the
May
*129% *129% *129%
*131% *131%
*131
*132
*132
*132
*13434 *134% *134%
136:% *136% *136%
at the morning board; no sale was made.
State and Railroad Bonds.—There is no
special feature to
report in State bonds, except that the sales were more active
as follows : $10,000 Louisiana consols at
75£; $50,000 do. ex
coupon at 65, 65J, 64£, G5£; $1,000 Alabama, Class A, at 88;
$10,000 Virginia 6s, consol., ex coupon, at 49; $15,000 North
Carolina special tax at 5, 5J; $5,000 do. consol. 4s at 87-$;
$10,000 do. 6s, 1919, at 110:1; $15,000 Tennessee 6s at 46;
$5,000 South Carolina Gs, non-fundable, at 3$. The $1,740,000
of Connecticut
week at 100-J.
3 per
cent * 25-year bonds were awarded this
The $120,000 of Delaware State 4 per cents
were awarded at 105"03.
Railroad bonds have been quite
due 1905
active the' past week, with
prices generally strong, the market at timeshaving even a buoy¬
ant tone. Some of the lower-priced issues of Louisville & Nash¬
ville and St. Paul have been most conspicuous for strength,
while Eric 2ds have declined sharply on a brisk speculation,
closing at 501, against 52.1 lastwTcck. New York Chicago & St.
Louis (Nickle-Plate) lsts broke down to 701 at the close,
against 77 last week, on rumors that default on the interest
West Shore os close at 30£, against
would be made June 1.
30f; Louisville & Nashville gen. raort. at 98, against 94£;
do. trust bonds at 901, against 89$; do. ten-forty 6s at 731,
against 72; do. New Orleans & Mobile Division lsts at 911,
against 91; Milwaukee & St. Paul terminal 5s at 92|, against
92; Metropolitan Elevated lsts at 113, against 1111: do. 2ds
at 99|, against 991; Atlantic & Pacific lsts at 73|, against
72; Missouri Kansas A Texas gen. 6s at 761, against 751; do.
gen. os at 62, against 61; Denver A Rio Grande lsts at 98,
against 981; Missouri Pacificist consols at 100, against 98|.
Railroad and Miscellaneous Stocks.—The stock market
following table shows the changes from the previous
has
week and a comparison with the two preceding years in the
presented a very dull and inanimate appearance, the com¬
paratively small volume of business transacted being confined
averages of the New York Clearing House banks.
almost exclusively to a few room traders, and fluctuations
1885.
18S3.
1884.
Differences fr'm
having been governed mainly by the efforts of bulls and bears
Previous Week.
May 16.
May 19.
May 17.
to gain an advantage. • No settled tendency in either direction
has been apparent, but the market has fluctuated from day to
Loans and dls. $298,748,900 Dec. $351,900 $326,639,800 $317,828,000
56.314.100
60,558,900 day, sometimes influenced by weakness in one stock or strength
113.6U.200 Inc.
604,200
Specie
Dec.
The
Circulation...
deposits..
Legal tenders.
Legal reserve
14,190,2)0
317,200,700
26.113.100
16.151,10;)
307,093.500
21,975,100
Reserve held.
rnc. $765,775
148.659,000 hie. 2,881,100
$79,300,175
82,427,200
$76,773,375
82.534,000
Burplus
$57,416,050 Ino .$2,115,325
$3,127,025
$5,760,625
Net
10,529,100
268,400
361,971,800 Inc. 3,063,100
35,017,800 Inc. 2,276,900
$91,242,950
Exchange.—The sterling
relapsed into dulness, with
those drawers who quoted
reduced them on Monday ^
exchange market has again
prices generally steady, though
posted rates at 4 88 and 4 90
cent, to correspond with other
bankers’ rates.
To-day the rates
on
actual business
wrere as
follows, viz.:
Bankers’ 00 days’
sterling, 4 86£@4 87; demand, 4 88f@4 89.
Cables, 4 891 @4 89$-. Commercial bills were 4 85@4 851. Con¬
tinental bills
were:
Francs, 5 17$@5 island 5 lo$@5 16$;
reichmarks, 95$@95£ and 95|@95f; guilders, 40£@40$ and
401 @40 $.
The
,
posted rates of leading bankers
May 22.
Prime banfcers'sterling bills ou
Prime commercial
Documentary commercial
or
follows
:
Sixty Days
London
Paris (francs)
Amsterdam (guilders)
Frankfort
are as
dromon froiehmarks)
4
87%
Demand
4
89%
4 86
4 85%
5 18%
5*15%
40%
95%
40%
95%
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying £
in another.
The weakness of the Vanderbilts continues,
and the general
feeling of distrust about these properties, on account of the
ruinous war of rates going on, has been increased by the pub¬
lication in a conspicuous manner of the Lake Shore quarterly
report for the three months ending March 31, showing that the
road did not earn fixed charges for the first quarter of this
year. Under the present trunk line war, this was not altogether
unexpected, but it caused renewed weakness by rather confirm¬
ing the impression of the Street that Mr. Vanderbilt is yet
willing to see lower prices for his own stocks.
Union Pacific and Pacific Mail have been generally strong,
owing to the settlement of the subsidy agreement between the
Pacific roads and the Steamship Company, on substantially the
old terms; and the advance in Union Pacific was also assisted
early in the week by the circulation of a request signed by
stockholders asking the directors to issue certain bonds and
pay off floating debt, so as to apply net earnings to an early
resumption of dividends. There were some suspicions, how¬
ever, that this circular was intended for speculative effect.
Louisville A Nashville showed considerable activity and
strength early in the week, as a result of the improved con¬
dition of the property and the recovery of $2,000,000 of the
10-40 adjustment bonds which had previously been put out
with an option of purchasing.
To-day, Friday, the dull tone continued, though the market
was quite strong on
a small volume of business, and the close
was at or near the best figures for the day.
HIGHEST
STOCKS.
Saturday,
May-16.
133
383;
28
28
35V
35
V
31V
35-8
30 V
30
31 V
*38V* 38 V
V
39 V
20-4
....
*40*’ *40**
*39V
27'4
2734
30 V
35 V
31*4
35 V
313;i
35 ‘4
31
35'V
31
I
35 V
31
35 V
35 V
36V
31V
31V
31V
7V
734
Chicago & Alton
Chicago Burlington
Chicago Milwaukee
Do
& Quincy.
& St. Paul
pref.
Northwestern
pref.
Chicago Rock Island <fc Pacific
Chicago St. Louis & Pittsburg.
pref.
Do
& Om.
Chicago St. Paul Minn.
Do
pref.
Cleveland Col. Cin. & Indianap.
Cleveland <fc Pittsburg, guar
Columbia & Greenville, pref
Delaware Lackawanna & W est.
Denver & Rio Grande
Dubuque & Sioux City
East Tennessee Va. & Ga.
prof.
Evansville A Terre Haute
Green Bay Winona & St. Paul.
Do
1,400
122 V122 V
69 V 69V
'105 V106 |
-
-
129
114
20
72
33 V
102 V
5V
3V
53.
47
106
94V
20
:
72 V
33 V
95V
128 i
114V!
114
;
106
n20-4
5V
H4
72V
73
30V
y
v
Mil. L. Shore A West’rn,
Minneapolis A St. Louis
Do
Missouri Kansas A Texas
Missouri Pacific
Mobile A Ohio
Morris A Essex
Nashv.Chattanooga A St.Lonis
New York Central A Hudson..
New York Chic. A St. Louis.
pref
New York Lack. A Western...
New York Lake Erie A West’u
Do
pref
New York A New England
,
.
New York New Haven A Hart
NewYork Ontario A Westorn.
New York Susq. A Western
*7 V
»l4
5 V
! 1231-2 123 V
V
91'V
*19
72
20 V
72 V
21
72-V
30 VI
71V
72
v!
i>
3V
3V
47
16
53
74V
32 V
76 V
34 V'
95V
15 V
9534
15 V
50
50
52 V
77
33 V
77 V1
35 I
95 V
95 Vt
1GV
17 VI
53V
52 V
77
3334
52 3,
77 V
34 V
95 V 95 V
16
18 V
v4934
17 V
18V
95 V
95 V
38 V
84 V
39
85 V
2
4 V
89
19
1034
19
18V
95 V
18 V
95 V
38 V
83 V
39 V
84 V
IV
IV
10v
10v
19
19
1934
1934
188
7V
128 V128 V
114 V
2,437
*19
20 V
400
72 V!
2,147
72 V
5V
5
5V
100
5
18
95 V
48 V
95 V
513g
51V
51V
77 V
33 V
7734
33 34
76 V
33 V
76V
33 V
76V
32 V
53
76 V
33 V
23
95
95 V
95V
95 V
18 Vi
*123
48
18V
18V
18V
•95 V
95 V
95 V
48 V
17
16 V
39 V
83 V
2
84 V
83 V
»>
IV
10 V
10V
19 V
19 V
188
Ohio Central
Ohio A Mississippi
V
nv
11V
17
39 V
12
*11
*25 V
18 V
95 V
7V
84
1 ■'
83 V
*1V
*4 V
90
9 V 10 V
20 V 20 V
19 V 19 V
188
188
934
22 V
83 V
2
5
90
10 V
22 V
83
47 V
12
27
18V
95 V
7V
2V
6V
2V
6V
16 V
39
16 V
39 V
16 34
1634
33 V
39
V
V
*12 V
13
12 V
V
12 34
84 V
*4 V
2
5
89 V
10
89 V
10 V
*1V
187 V 187 V
7V
17
39 V
Jo
V
18 V
95 V
47 V
16 V
39
*12V
1o34
*16 V
39
39
*12 V
13
7:
1634
39 V
13
Ohio Southern
14 V
13 V
10
15
15
132 V132 V
H434
13 V
Peoria Decatur A Evansville
Pittsburg Ft. Wayne A Chic...
Do
special.
Rensselaer A Saratoga
Rich. A Alleg.. stock trust ctfs
Richmond A Danville
Richm’d A West P’nt Terminal
Rochester A Pittsburg
Rome Watertown A Ogdensb’g
St. Louis Alton A Terre Haute
Do
pref.
St. Louis A San Francisco..
Do
pref..
Do
1st pref.
St. Paul A Duluth
..
14 V
10
15
1334
14V
15
15
133V 133V
*1434
15
1334
14V
14V
14V
133 V 133 V
3V
2V
*234
27,
49
21V
3
14
19V
31
81
31V
81V
31
82
20
33
82 V
19V
32 V
82 V
32
83 V
33
84
19V
32 34
83 V
*19
32
84
20
32 34
84
14 V
*14
14V
133 V 133 V
1
49
20 V
*2 a4
*17
*19 V
32 34
84 V
1
49
20 V
3
19
80
20
33 V
84V
4
10V
10 34
51V
53 V
3
3
84 V
84 V
1034
52 a4
11V
3
6 a4
MISCELL 4NEOUSI
54 V
3
85
10 V
85
52 V
53 V
3V
234
59 V
1934
53V
Hankers’A Merchants’Tel...
Colorado Coal A Iron
Consolidated Gas Co
Delaware A Hudson Canal....
New York A Texas Laud Co..
96 V
97 V
10 V
97
97
97 V
77 V
78V
78V
79 V
78 V
Oregon Improvement Co
Oregon Railway A Nav. Co...
2534
74V
54V
118
26
75V
54V
118
23
10V
7
59
;
Pacific Mail
Pullman Palace Car Co
10
*47
*20
3V
3
pref
St. Paul Minneap. A Manitoba
American Dist. Tel
American Tel. A Cable Co
1334
10
48 V
Do
Texas A Pacific
Union Pacific
Wabash St. Louis A Pacific
Do
pref.
LTV
143 V 14334
48
85
10 V
53
*2 34
7
10V
53 V
3
1034
97 V
79 V
21
22
73 V
74 V
55 V
53V
118
1034
53 V
2V
54 V
57 V
58
1034
2
10 V
54
10 V
55
7,069
1,290
803
10
12,254
3,500
100
118,626
225
95 V
96 V
10
96
78V
78V
78 V
79
79 V
10
96
80
5334
73 V
54 V
73V
54V
118
74
55V
118
74V
55V
118
7434
56
118
Do
pref...
'58 V "58 V
Adams
American
U nited States
135
135
95 V 96
Wells, Fargo A Co
INACTIVE STOCKS.
Atchison Topeka A Santa Fe..
Chicago A Alton, pref
Cincinnati Sandusky A Cleve..
10934110V
58V
135
96 V
53
60
59 V
60
59 V
o934
59 V
59 V
95
96
96
96 V
527e
52V
135
96V
53
53 V
110
52
110
110
110 V!
69 V
*118
Warron
Canton Co
Consolidation Coal
610
2,700
1,460
3,720
234,479
325
3,314
8,984
3,350
82,637
345
5934
56,122
135 V 135 V
97
97
105
292
51
408
-
59V 104*4
62
22 V
10
64V
10
23
85
5134
14V Jan. 22
89 V Mar. 21
7 V Jan.
7
19V May97 V Feb. 10
9 V Feb. 25
11434Jau.
33
Jan.
2
7
8234 May 14
1V M ay 5
Mar. 25
Jan.
May-
2
Jan.
Apr.
Jan.
Jan.
Mav
Jan.
Jan.
Mav
30
22 V
2 190
14 12 V
3
12
8
27
16 2534
17 19 V
29 44
8
May 4
May 8
Mar. 21
78 V
51V
35
79
24
40
105
94 V
44 34
18V
36V
23
63 V 100V
6 V 13
127 V
124 34 Apr. 30 115
58
30
42 V Feb. 27
83 V 122V
95 V Feb. 25
4
10V
5 V Jan.
7 V 20
934 Feb. 17
94
83
90
May 21
11V 28 V
1434Jau.
Mav 18
Jau. 17
Jan.
2
May-
1
17 V May 8
30
Apr. 30
79
May 12
21
Feb. 26
77 V Feb. 7
7934 Jan.
9 V Apr.
2
8
41
Mar. 21
2
Apr. 30
6 V May- 7
10
51
2
8
80
66 V
21
20
71V
8
Apr. 30
May ‘ 175
17 V
184
Jan.
Jan.
7
1634
Feb. 28
Feb. 20
1V
6
18
Feb. 26
Feb. 26
Mar. 16
134 Jan.
2
19
4V
17
14
37 V
1
42
27
57V
4V
25 V
Jan. 14
12
Mar. 19
21
Apr. 27
15
Apr. 29
15 V Feb. 27
19
Jan.
2
14V
19
25
Feb. 20
Feb. 26
14
18
70
21
Feb.25
11V
24 V
96
29
50
70
96V
8
5VJan.
7
Jan. 12
2
20
60
4
Jan.
Jan.
3
Mar. 21
98
Mar. 28
Jan. 27
May
Jan. 22
5
11V
834
6V
24
Jan.
3
30
Jah. 30
53 V Jan. 2
May
Jan.
Jan.
76V
5V
28
4
9
32V
90
99
22V
84 V
19V
32
61V
49
1
127V
1334 Feb. 24
7
17V
May 14
Mav 15
86 V Apr. 15
34
77
Apr. 30
Feb. 20
Apr. 30
62V Mar. 9
120
May 9
4 V Mar. 30
30
Jan. 30
6334 Feb. 10
138
Apr.
97 V May
55
Apr.
111
Apr.
Jan.
Jan.
7
15
65
24
50
8
Apr. 30 135
5934 Jan. 29
4634 Mar. 21
2
334 May 13
130
87 V
48
104 V
3934 Jan.
87 V Jan. 10
Feb. 27
24
82
May 14
90 V Mai*. 16
13 V Feb. 26
55
May 22
14
107 V Jan.
IV Mar. 10
Mav 13
Mar. 4
Jan. 22
140
22 V
122
15
116
40
19
10
*118 V
*118V
-118V
Homestake Mining Co
Jau.10
Jan. 19
Feb. 13
9
Feb.
Jan. 30
7VApr.
Maryland Coal.
22 V
190
22 V
Standard Mining
69V
7V
17
9V
17
15
*144
Virginia Midland
These are the
28
125 V 141
33
33
86 34 133V
6 V 25V
52
821
3
8V
434 14 V
51
30
3V
8V
200
185
51
20
140
110
86
70
9
20V
6 V 19*4
114
67
122V 170
8V 65 V
6034 112
57 V
31
117
90
6V
334
34
20
49
78V
30 125
87
4
7 45
98
16
137
102
61V
115®
62
80V
142
152
23 V 24
2
1
1V Feb. 5
145
137
140
May 13
19 V 24
Mar. 171
26
130
145
May 12; 115
21
15
18
Mar. 3
122V
118
Apr. 25 121
40
39 V
46
Apr. 15
23 V
18
20
Feb. 27
11
8
11V May 5
15
7
8
Mar. 251
10
5
Feb. 25
7
14
29
22 V May 15'
8
Jan.
67 V Mar. 20 78
Mar. 19
147
Jan. 29 152
20
May 15 2234 Feb. 27
Columbus Chic. A Iud. Centr’l
Joliet A Chicago
Louisiana A Missouri River.
NewYork Elevated
New Central Coal
Ontario silver Mining
35,
34V
1034 Apr
17 V
7
8 V Apr. 29
16V 60V
13 V Mar. 30
135
635 119 V Feb. 17 133 V May 22 119V
120
Mar. 9 129 V Apr. 20
146V
20 136 V Jan. 29 14334 May 21 138
5
2V
2 V Jan. 17
100
1
May 22
61
32
Mar. 9
400
44 V Jan. 19 54
32
12
100
19
Jan.
2 26 V Mar. 11
4
Mar. 6
I7. 16V
2 V Mar. 11
1,345
Quicksilver Mining Co
Western Union Telegraph....
EXPRESS.
16V
21V 38 V
8034 100,
13
Feb. 26
29 V Feb. 20
135
118
149 V
V 126*4
13*4
10 V Jan. 26
25
Jan. 16
300
500
515
73 V
V,
81V1124
117
100
6
31
6
9,310
100
213
97
135
126
80 V 90
80
60
58 V
39
2434 57 V
12
8
16
11
37 V 90
67 V
30
15
5
9V 28
6 V 17,
140V
118
127*4
107
58 V 94 V
119
95
3434 Feb. 26
4
84 V
9V
8,775
155
19
810
12
55 175
200
634
100
IV
136
4V
25
17
15
1,555
36 V
4,896
800
V
715
10 V
8
14 V
550
96 V
Feb. 9 133 V May 1
Mar. 25 9034 Feb. 3
Feb. 4
Feb. 4 65
3534 Apr. 24 44 V Jan. 3
23
May 7 35 Feb. 20
Feb. 12
934 Mar. 23 11
7
Feb. 18 13 V Mar. 12
31
Mar. 25 41V Mar. 9
Fob.25
26 V Jan. 31 36
6 34 Feb. 10
3
Apr. 7
7
Apr. 7 12 V Feb. 26
8
Jan. 15
4 V Apr. 22
128
Jan.
2 138V May 6
115 V Jan.
2 125 V Mar. 14
68 V May 7 76 V Jau. 12
102
Mar. 27
Jan. 28 108
84 V Jan.
2 9834 Apr. 13
H934 Jan. 2 134 Feb. 26
105
Jan.
2 11634 Mar. 14
9
6 V Mar. 31
Mar. ‘
15
Feb. 27
Jan. 17 19
29
Feb. 25
18 V Apr. 21
69
Feb. 25
91V
May “
23
Apr. 30 38 Feb. 24
Mav
134
Jau. 31 14 L
Jah. 27
14 V Jan.
9 20
109
82 V Jan. 22
V Mar.
10
Jan. 15
4 V May 1
Feb. 12
55
Jan.
6 65
4 V Mar. 10
234Jan. 15
8
4 V Jan. 23
Mar.
Mar. 20
37 V Jan. 10 52
4 V Apr. 22
3
Jan.
6
200
Mar.
24
190V Jan. ‘20
Jau. 14
14
Mar. 26 30
Mar. 14
119 V Jan. 17 127
84
Jan. 16 88 V Feb. 17
14 V Feb. 24
8 V May 14
Feb. 21
4 V Apr. 29 17
5034 May 12 67 V Feb. 25
62
Jari. 2 7734 Mav 20
22
Jan. 16 35
May 18
11V Jan. 6 27 V Feb. 20
95 V May 18
65
Jan. 15
s 11V Jan.
3 18 V May 19
Mar. 7
27 V Jan. 15 44
90
Jan.
2
9334 Jan. 30
64 V Feb. 24
40 V Mav 7
30V May
High
Low.
Highest.
124
400
1,518
V
7
59
75V 76V
54V 5534
117V H7V
8,843
60,030
520
85
1934
25
63,310
2,6*00
7V
17
16 V
38 34
100
100
9V
uV
52 V
50 V
182,219
2,283
900
100
265
3V
53.*
51V
18
350
114
10IV 10334 10134
11
89
10 V
420
59,730
126
9V
52 V
8,141
118,630
95
16
126
*1V
4V
94 V
69 V
I
pref
Norfolk A Western, pref...
Northern Pacific
Do
pref...
Philadelphia A Reading
300
106
534'
Do
Oregon Short Line
Oregon A Trans-Continental...
8,145
3,642
200
103 V
5’
'4!
69 V
*105
128
114 V
93V 94 V
103V 104 V 103 V 104
pref..
pref..
*105
106
123
69
106
91
’127 V128 V 128
11334114V
114V
114
94*o 9-1V
'20V
20 V
103 V 104 V
103
10534 lOSa^: H05
West’n
Memphis A Charleston
Metropolitan Elevated
Michigan Central
Do
122 V 123 V! 123 123’4 123 123
123
69V 70V 693; 70V
68V 69V 69
1128
129
114
Houston A Texas Central
Illinois Central
Do
leased line 4 p. ct
Long I Bland
Louisville A Nashville
Louisville New Albany A Chic.
Manhattan Elevated, consol...
Manhattan Beach Co
5
*4V
Harlem
Indiana Bloomingt’n &
Lake Erie & Western
Lake Shore
*4
Lowest.
88
57
825
27
2dpref....
Do
Do
38 3e
27 V
112
*
.
38
27 V
(Shares).
Minnesota
Central Iowa
Central of New Jersey
Central Pacific
Chesapeake & Ohio
Do
lstpref....
Chicago &
-
133
prof..
& No..
Burlington Ced. Rapids
Canadian Pacific
Canada Southern
Friday,
May 22.
Thursday-,
May 21.
Wednesday,
May 20.
For Full
Year 1884.
Sales of Range Since Jan. 1, 1885.
the Week
PRICES.
LOWEST
AND
Tuosday,
May 19.
Monday,
May 18.
RAILROADS.
Albany & Susquehanna
Boston & N.Y. Air-Lino,
.
PRICES FOR WEEK ENDING MAY 22, AND SINCE JAN. 1, 1885.
NEW YORK STOCK EXCHANGE
Cedar Falls &
619
THE CHRONICLE.
1885.4
May 23,
prices bid and asked; no sale was made at
the Board.
6
534 Apr. 18
17
Feb. 7
1V May 5
1V Mar. 26|
1*
7V
£3Z£>
620!
m
-
.
'£
-
THE
CHRONICLE.
[VOL. XL.
QUOTATIONS OF STATE AND RAILROAD BONDS, MAY 22, 1885.
STATE
SECURITIES.
Bid.
Alabama—Class A, 1906.
Class B, 5s, 1906
Class C, 4s, 1906
90
103
8G
106
3
10
10
10
12
6s, 10-208,1900
Arkansas—6s, funded
7s. L. Bock & Ft. S. iss.
7s, Memp.&L.Rock RR
Ask.
90
112
Missouri—6s, 1886
1
6s, due 1889 or 1890....
Asyl’rn or Univ.. due’92
Funding, 1894.-95
i
Hannibal it St. Jo., ’86.
i New York—6s, reg., 1887
6s, loan, 1891
;
6s, loan, 1892
6s, loan, 1893
N. Carolina—6s, old. J.ifcJ.
...8J
16
114
Funding act, 1900
‘
Ask.
Bid.
1 Louisiana—7s, ions., 1914
Ex-matured coupon
7s, L. R.P.B. <fc N.O. RR
7s, Miss. O. & R. R. RR.
7s, Arkansas Cent. RR.
101
Georgia— 6s, 1886
3*.1886
101b
7s. erold, 1890
SECURITIES.
BONDS.
75
64
104
113
115
12 >
103
105
113
115
117
31
SECURITIES.
Bid.
Ask.
18
5
*‘5*4
N. Carolina—Continued—
New bonds, J.&J., ’92-8
65
105
Special tax, all classes..
Do
Wil.C.itRu.R.
Consol. 4s, 1910..
Gs 1919
.-....
1
Brown
111
6s, consol, bonds
106
Ohio—6sf 1886
35
13
C’rap’mlse,8-4-5-03,1912
Virginia—6s, old
6s, now, 1866
*87 34
87
109
Bid.
6s, ex-matured coupon.
6s, consol., 2d series
3
6s, deferred
District of Columbia—
4
consol’116s, 1893
107b; 109
Tennessee—6s, old,1892-8
!
6s, n«w. 1892-8-1900
46
46
...
Ask.
Tennessee—Continued—
6s, new series, 1914 ....
*
iSouth Carolina—
1
6s, Act Mar. 23, 1869 )
1
non-fnndable, 1888. )
11
SECURITIES.
46
54
50
39
39
80
48
50
5b
113
3-65s, 1924
Registered
iio*
Funding 5s, 1899
HAIL BOA O' BONDS.
P.b'.wi
SECURITIES.
Bid.
1 Ask.
Railroad Bonds.
IStock Exchange Prices.)
Atch.T.<fcS.Fe—4bs, 1920
Sinking Fund, 6s, 1911.1
Atl. & Pac.—1st, 6s, 1910.'
73^4 74
Balt.it O.—1st, Gs.ITk.Br. *115
Bnr.C. Rap. & No.—1st, 5s, 107% 108
Consol., 1st, 5s, 1934 ...' 94 b 96
Minn.itSt. L.—lst,7s,gu. *130
Ia. City & West.—1 st, 7s
C. Rap. I.F.ife N.—1st, 6s ibo”
1st, 5s, 1921
Buff.N. Y.itP.-Cons., 6s
1
2d, 5s, 1913
97 b
!
Iletr., 5s, 1913
Central Iowa—1st, 7s,’991;
East. Div.—1st, 6s, 1912
IU. Div.—1st, 6s, 1912..
Dei. L. & W.—Contin’dMorrisit Essex—1st, 7s.
Mox. Cent,—1st, 7s, 1911.!
1st M., 7s, ex-cp.,6,7,it 8 *
11**4
2d, 7s, 1891
Bonds, 7s, 1900
;123b
122
!
7s of 1871, 1901
1st, consol., guar., 7s.. 12G34 1274,
N.Y. Lack.it W.—1st,6s 12L% 122
Construction, 5s, 1923 *98 | 99
Del.it Hud. Canal-1st, 7s 115
1st, ext., 7s, 1891
117
Coupon, 7s, 1894 —....
Registered, 7s. 1894
>115 b
1st, Pa. I)iv., cj).,7s,1917: 135 T36
1st, Pa. Div., reg., 1917.1
Alb. it Susn.—1st, 7s
110*4
2d, 7s, 1885
101%’
Mich.Cent.—Cons.7s, 1902! 124
Consol., 5s, 1902
106
i
6s, 1909
Coupon, 5s. 1931
Registered, ns, 1931
1*.
Den.So.Pk.it Pac.—1st, 7s.
iDon.it BioG.West.—lst,0s
Chesapeake & OhioFur, money fund. 1893.. *109b
6s, gold, series A, 1908 . j 94
6s, gold, series B, 1908 t; 61
6s, currency, 1918
i 18
Mortgage (5 s, 1911
Dot.Mack.&Marq1st,6s
Land grant, 3bs, S. A...
Ask.
Jack.Lan.it Sag.—6s,’91*
Milw.it No.—1st, 6s, 1910
1st, 6s, 1881-1913
I
100
108
92
123
I
Pitts. Cleve.it To!.—lst.Os
Pitts. June.—1st, 6s, 1922
R01neW.it Og.—1st,7s,’91
I
•
48
1st, cons., 5s, 1930
Divisional 5s, 1930f
Eiiz.Csit
N.—S.f.deb.,c.,6s
106b
1
(
jlOO
,
Cairo Ark & T.—1st, 7s.’
Gen. r’y & 1. gr.,5s, 1931
St.L.Altonit T. H.—lst,7s
2d. pref., 7s, 1894
j
2d,
105%'
Deb. certs., oxt’d 5s
N.Y.C.it H.—1st, cp.,
1st, reg., 1903;..:
113
107
111 b
...
! Morgan’s La.it T.—1st, 6s
95
1st, 7s, 1918
-*100 I
Nash.Chat.it St.L.—1st,7s 121
jl22
2d, 6s, 1901
.1
!
N. Y Central—6s, 18S7...I 106b
1st, 6s, 1920
141b
137
-Con., 1st. ext., 5s, 1922.
74b 75
Rocli.itPitt.—1st, 6s, 1921 HO
Consol., 1st, 6s, 1922
93b 9434
Rich.it A lleg.—l st,7s,1920
52 b'
Rich.it Danv.—Cons.,g.,6s 101% 102*4
64
Debenture 6s, 1927
66
Atl.&cii.—1st, pr.,7s,’9( .*114
1 *86
Incomes, ~T)0.
1900
Scioto Val.—1st, cons., 7s.*
45
St. L. it Iron Mt.—1st, 7s.’ H4b 115b
2d. 7s, 1897
( 107 ■ 108
Arkansas Br'ch—1st, 7s1
Illlb
Cairo & Fulton—1st, 7s. 109*4 110
118 b 120
1st, Extension, 6s, 1927
140
St.L.V.&T.TI.—lst,g.,7s *121
2d, 7s, 1898
2d. guar., 7s, 1898
Mil.L.S.itW.—lst,6s,192l! 101% 102
Mich. Div.—1st, 6s, 1924 *
,10034
Minn.it St.L-lst.7s,1927:
Iowa Ext —1st, 7s, 1909
Ask.
2d, 7s, 1912
i*136
3d. 7s, 1912
*130
Clev.itPitts.—Cons.s.fd.I I26
4th, s. fd.. 6s, 1892....i*l 11
i
Mobile it Ohio—New 6s..j
Collater’l trust, Gs, 1892
50
Penn. RIL—Continued
Pitts. Ft.W.&C.—1st,7s
ioo*
85
Bid.
SECURITIES.
60
125
106 b
...
3834
E.T. Va.it G.—l st,7s,1900f
*62
CTies.O.&S.W.—M. 5-6s..
Bid.
SECURITIES.
2d, 7s, 1891
J 99a4 102
S’tliw.Ext.—1st, 7s.1910 11334'
Pac.
1st, cons.,guar.7s,1906 128 1120
Ext.—1st, 6s, 19215 100 * |
1st, eons.,gu., 6s, 1906 112*4 112b M0.K.& T.—Gen’l,68,1920
7634
98
Rens. it Sar.—1 st, cp-.,7s 138 jliO
6134
General, 5s, 1920
69 b
108*4'.
1st, reg., 7s, 1921 —*137
Cons., 7s, 19( 4-5-6
63 * 67
Cons., 2d, income, 1911.
Rio Gr.—1st, 1900
jDenv.it
I
H. it Cent. Mo.—1st, ’90 *103
1st, consol., 7s, 1910
j
95
General, 6s, 1924
Can. So.—1st, int. guar. 5s'
Ask.
Bid.
SECURITIES.
income,
7s, 1894
....!
Bellev.it So. 111.—1st, 8s
St.P.Miim.it Man.—1st,7s
1(,7
107b
73
ID b
167
|110
95b) 98
*115
*113
85
87
Big Sandy—6s
7s 135 b 136*4
134 b 135 i
Erie—1st, extended, 7s... 121
2d, 6s, 1909
A 112 b
109
104
|
! Dakota Ext,-6s, 1910..! 112b
2d, extended, 5s, 1919 ..
Deb., 5s, 1904
101
'105b
103*4
103%
3d, extended, 4 bs, 1923.
JTud.Riv.—17s.2d,s. f.,’85
- 106 % 107
1st, consol., 6s, 1933
135
i
i
;
Harlem—1st, 7s, coup
1st, consol., (5s,reg., 1933 ---4th, extended, 5s, 1920.1 100%;
Min’s tin.—1st, 6s, 1922 199
1st, 7s, reg., 1900
!
134
5th, 7s, 1888
i 197 |
'St.P.it Dul.—1st, 5s, 1931' 193
N.Y.Elev’d—1st, 7s, 1906 121 b
1st, cons., gold, 7s, 1920.j 113b 115
So. Car. R’v.—1st. Gs, 1920;
1st,cons., fd. coni)., 7s . .j 105
110 IN.Y.P.itO.—l’r. l’n, 6s,’95N. Y.C.itN.—Gen.,6s,1910
39
2d, 6s, 1931
........
95
Reorg,, 1st lien, Us, 19081
|*
Co.
Trust
Shenand’hV.—1st,7s,1909
Long Dock b’nds, 7s, ’93 *116
i 38b
receipts
Miss.R.Br’ge—Ist.s.f.Gs;
131*4
N.
N.Y.
it
I
‘
Buff.N.Y.itE.—1st,1916:
Chic.Burl.& Quincy—
Engl’d—1st, 7s *117
General, Gs, 1921
!
48% 49
131*4’....
1st, 6s, 1905'.
*107
Tex.Ceiu—1st,
s.f.,7 s,1909
Consol. 7s, 1903
N.Y.L. E. it W.-No w2d6s
T
106
N.Y.C.it
6s,
St.L.-1st,6s,19211
71
1st, 7s, 1911
Collat’l
trust,
1922.!
r
5s, sinking fund, 1901..
Tol.Del.it Burl.—Main, 6s
i
2d, 6s, 1923
BntbitS.WM. ,6s, 1908
100-V
5s, debentures, 1913.:.. 100
30
106
'
30*8 I
Ia. Div.—S fd., os, 1919 107
1st, Dayt. Div., 6s, 1910:
Ev. it T. If—1st, cons., 6s
j
! |N. Y.W.Sh.it Buff.—Cp.,5s1
95
! 96 j
1st, Ter. trust, 6s, 1910.!
Registered, 5s, 1931
\
Mt.Vern’n—1st, Gs, 1923
Sinking fund, 4s, 1919 *91
I
57
*6*0*
*9
Tex.it
N. O.—1st, 7s, 1905!
N.Y.
95
lb
Deuver Div.—4s, 1922..
b FI’tit P. Marq.—M .6s,1920,
Susq.it W.—1st, 6s.t 98
80
Sabine Div.-lst,0s,1912
*87 I
Debenture,
ITain 4s, 1921
ji00
6s,
1897t...
Gal. Har.it S.Ant — 1st,6s
84* *85**! Va. Mill.—M.iuc., 6s,1927i ----- 54
Midland of N. J—1st, 6s|
C.R.L& P.-Gs, cp., 1917. 130 !
2d, 7s, 1905
i 100 b1
Ill
32b
129 b
Wub.St.L.&Pac.—Gen., 6s
32
West. Div.—1st, 5s
I 89 % 90*4 N. Y. N. 11. it 11. -1 s t., r g., 4 s
6s, reg., 1917
103 b 10334'
Chic. Div.—5s, 1910
761 77*4
108% 109
Ext. & Col., 5s, 1934
2d, 6s. 1931
65
102
"
Hav. Div.—6s, 1910
Registered, 6s, 1921
1
!
G r’n Bay W.it St. P.—1st.6s
Keok. <t Dos M.—1st, 5s 108*4
on
72%
N.O. Pac.—1 st,6s,g.,1920t|
Tol.P.it W.—1st ,7s, 1917
Central of N.J.—1st, ’901. 111b
Gulf Col. it S.Fe—7s, 1909, 101 1104
89
70
Iowa
98
2d
6s
1923
1
Norf.itW.—Gen.,
Gs.
1931
|
A
98*4
b
Div.—6s,
1921
j1
1st,cons.assent. 78,18991
New R i ver—1 st,6s, 1932
llan.it St. J.-Con.Gs, 1911 117b 118
Ind’polis Div.—Gs, 1921.:
Couv., assented, 7s, 1902 100 103
OliiOit Miss.—Consol, s. fd 117 b
Detroit Div.-6s, 1921..
Houston it Texas Cent.—
Adjustment, 7s, 1903... 105
87
55
Cairo Div.—5s, 1931
Couv. debent. 6s, 1908..
Consolidated, 7s, 1898..j T 16 b iis"
1st, M. L„ 7s, 18911 ....
★
2d consolidated, 7s,1911 110*4
7334'...
70
Wabash—Mort. 7s, 1909
9134
Leli.itW.B.—Con.gUas.
1st, Western Div., 7s t..
7
3
b'
107
75
1st, Springfield Div., 7s‘
Tql.it W.—1st, ext.,7s. ids
Am.D’kitlmp.—5s, 1921
1st, Waco it No., 7sL...
?
59
100
Ohio
Central—1st,Gs.1920
Chic. Mil. it St. 1\—
1st, St. L. Div., 7s, ’89.
2d, consol., main line, 8s
90
I
90 b
2d, ext., 7s, 1893
1st, Terin’l Tr., 6s, 1920,;
1st, 8s, P. D
130 b
2d, Waco it No.,8s,1915
30
1st,
Equipm’t bds, 7s,’83.
Min’l
Div.,
6s,
1921
General,
6s,
1921
2d, 7 3-10s, P. D., 1898 . 120
75
78
Consol, conv.,7s. 1907
Ohio So.—1st, 6s, 1921
*89%
Housf.E.itW.Tex.—1st,7s
131
1st, 7s, $ g., R. I)., 1902.
Gt.West’n—1 st, 7s, ’88 104
1st, LaC. Div., 7s, 1893. 11.8
0reg’nit Cal.—1st,6s. 1921
2<i, 6s, 1913
90
66
68
Or.it Transc’l—6s,’82-1922
2.1, 7s, 1893
1st, I. it M., 7s, 1897
' 121 b
Ill.(Jen.—Spd.Div.—Cp. 6s
81*4 8 Lb
2Lst, I. & IX, 7s, 1899
Middle Div.—ltog., os
■Oregon Imp. Co.—1st, 6s.
Q.it Tol.—1st, 7s, 1890
118
112
)
Han.it
C.St.L.it N.O.—Ten.1.,7s
‘Oreg’n R R.itNav.—lst,6s 111%
1st, C. & M., 7s. 1903..
Naples—1st, 7s
128
125
Consol. 7s, 1905
Ill.it So.Ia.—1st,ex.,6s
126
Debentures, 7s. 1887
1st, consol., 7s, 1897..
9*5 100
101
I
;
Panama—S.f.,
sub.6s,
St
.L.K.C.it
N.—R.e.,7s
1910
1st, 7s, I.it D. Ext.,1908
2d,
123
6s, 1907
80
85
90
,110b Peoria Dec. it Ev.—1st. 6s
Omaha Div.—1st, 7s.
1st, S. W. Div., 6s, 1909. 113b
Gold, 5s, 1951
85
Clar’da Br.—6s, 1919
Dub.it S.O.—2d Div., 7s.
1st, 5s, LaC.itDav., 1919
98%
IjI Evans. Div.—1st,6s. 1920
/ 4:
*101
118 !''Peoriait Pek. U’u—1st.6s.
1st,S.Minn.Div.,6s, 1910
114
Ced.F. it Minn.—1st, 7s.
St.Chas.Bge.—1 st,6s
2b
b Ind.Bl.itW.— 1st, pref., 7s
no
1st, II. it D., 7s, 1910
122 122
Pac.RR.—Cen. Pac.—G.6s 113*4 113% !
No. Missouri—1st, 7s., 109
1 14
11 5b '
105
J West. Un.Tel.—1900, coup
71
Chic.it Pac. Div.6s, 1910 115
116
San Joaquin Bv.—Gs
1st, 5-Os, 1909
114
97 b 97
101
7b
!
115
iJjvl
<t
Oregon—1
1st,Chic.it P.W.,5s,19Jl
1900,
st,
(5s
reg
2d, 5-6s, 1909
97
! N.W. Telegraidi—7s, 1901
Min’l Pt. Div., 5s, 1910.
Eastern Div., 6s, 1921
Cal. it Or.—Ser. B.. 6s. 101
f 9778
99 b
C.ifc L. Sup. Div. 5s.1921
66%
Land grant bonds, 6s. 100 b ioi j ,M lit. U11.Tel.-S.fd,6 <, 1911
Indianap.D.itSpr.—lst.Ts
96 38! 96%
108 b 109 b j
Wis.it Min. Div.os, 1921
West. Pac.—Bonds, 6s..
1st, 7.8, ex fund coups.
INCOME BONDS.
108
107
Terminal 5s, 1914
92%: 93
g
No. R’way- (Cal.) —1 st. 6s
Int.it Gt.Xo.—1st,6s,gold
(Tutrn.-l poyable if earned.)
65 *4'
98
1634 17
99
Chic, it Northwest.—
So. Pac. of Cal.—1st. 6s.
sAM.it Pac.—Inc., 1910
Coupon. 6s, 1999
So.
Pac.
of
Ariz.—1st.
6s
Sinking Fund, 7s, 1835. 102 *8
Central of N.J.—1908
! Kent’ky Cent.—M.0s,1911l
|
10 b lib
Consol, bonds, 7s, 1915.1 136
ET.V.itGa... Inc.,6s,1931
So. Pae.ofNjMex.—lst.Gs
93%
137b.| stamped, 4 p. c., 1911 .. -----Extension bonds, 7s,’85! 103
115b 116
Gr.BavW.it St. P.-2d,ine.
15 b
Lake (shore .t Mich. so.—
Union Pacific—1 st. (is..
j
20
Ind. Bl.itW.—Con.. in<*.,0s
Land grants, 7s, "87-89 106*b
1st, 7s, 1885
103
Clove, it Tol.—Sink’g f(1 ] 103*4
*11
18
New bonds, 7s, 1886..
:
120*4 Iud'sDee.it Spr'p—2d,inc.
131
Coupon, gold, 7s, 1902.
Sinking fund. 8s. ’93.. 120
1 19 b 120
Clove. 1*. it Ash. --7s ...!
'
r.eli. it Wilkesb.Coal.—'’88 *50
Begist’d, gold, 7s, 1902. 131
Reg., 8s. 1893
*11
Butt'.it Erie-Newbds.Ts! 120'- lr21 b
!Lake E.it W.-Inc,, 7s,'99
Collateral Trust, 6s...
Sinking fund, 6s, 1929.. 112*4
Sink, fund, 6s,1929.reg. 112 b
Kal. it W. Pigeon—1st ..!
>
! Sand’kv Div.—Inc.,1920
Do ...
5s. 1907
i
Pet M ;.t T.—1st,7s, 1906!
Laf. Bl.it Man.-Inc. ,7s. '99
Sinking fund, 5s, 1929 j 101
Ivans. P;^„—1st, 6s, ’95 1 12 %
Sink, fund, 5s, 1929, reg;
1 12
113
Lake Shore—Div.bomls. 120 ;i21
M il. L. Sli.it W.—Incomes
1st, 6s. 1896
78%
*
129 b
50
Donv. Div.6s,ass..’99 108% 109
IMob.it O.—lst,prf.,deben.
Sink’g fd. del)., 5s, 1933.
98
Consol., coup., 1st, 7s.! 128
127
25 years deb. 5s, 1909 ..j
1128
•97
98
22 b
96
Consol., reg., 1st, 7s ..j
1st, consol., 6s, 1919.
|
2d. pref., debentures
1
i
5
Escanabait L. 8.— 1st.6s, 110
*103
% 116
C. Br.U.P.— F.c..7s,"95
Consol., coup.. 2d. 7s..!
j 3d, pref., debentures
112
Pes M.itMin’ap.—lst.Ts 121
,113
92
93
At.C.it L\—lst.Os,1905
Consol., reg.*. 2d. 7s
[ 4th,pref., debentures...
130
Iowa Midland—1st, 8s..j 127
91
I
22
At.
Co.it
J.
W.—
N.Y. Lake E.it W.-Inc. ,6s *20
6s
1st,
jLong I si. KB.—1st, 7s,’98. 119 j
if 1 *4
91
Peninsula—1st, couv.,7s
Ohio Cent.—Income, 1920
b
!j
1st,
consol,
3%
5s,
1931
!
Oreg.
short-li.—1st.
6s
j
:
Chic.* Milw’kee—1st,7s 126
Louisville »t Nashville— j
Ut. So.—Gen.,7s, 1900
97b1
!: Min’l Div.—Inc.,7s, 1921
108
11
20
Win.itSt. l\—1st,7s,’87j 107
90
22
Exten.. 1st, 7s, 1909
; 119 b 120
Ohio So.—2d inc., 6s, 1921
Consul., 7s
126
2d, 7s, 1907
i*
126
| Cecilian Br’ch—7s, 1907,. 98*8 100b Mo. Pac.—1st, cons., 6s.
99% Peoria I).it Ev.—Inc.,1920
Mil.itMad.—1st,Os. 1905 111 j
109
N.O.it Mob.-l st,6s, 1930,
111
25
;
90 j 01
3d, 7s, 190(5
Evansv.Div.—Tnc., 1920
i Roch.it Pittsb.—Inc., 1921'
Ott. C. E.it St. P.—1st,ns 102 b 102 78
*43
.1 72 ! 75
Pac.of Mo.—1st, Gs... 105 b 107
2d, 6s. 1930
★
C.C.C.& Ind’s—1st, 7, s. fd
1122
110
E.H.itN—1st,6s, 1919.1 105 :108b
■Rome W. it Og.—Inc., 7s.
36
2d, 7s. 1891
Consol. 7s. 1914
“ '
:*120 1123
*25
08L ion
General, Gs. 1930
! 97 j 98
St.L.it S F.—2d,6s, Cl. A
So. Car. Rv.—Inc.,6s,l931
Consol, sink, fd, 7 s,191 l
26
Pensacola Div.—6s, 1920 *81 j 89
St.L.A.it T.H.
Div.bds
6s, Class C, 3 906
96% 97
General consol.. 6s, 193ij
St. L. Div.—1st, Us, 1921 103 j
6s, Class R, 1906
97*4 98
1
FREE LIST.
Chic. St. P. Min. it Gin.— j
2d. 3s, 1980
B. II.it Erie—1st,78.1900 ;19
20
' 48 b 51
1st, Gs, Pierce C. it O..
113 b
Consol. 6s, 1930
Nashv.it Dec.—1st, 7s..
! 113
Cum. it Penn.—1st, 6s,’91 *100% 101b
Epnipment, 7s, 1895.. * 1*0*5
C.St.P.&M.—lst0s,1918 *118
63
S.itN.Ala.—S.f.,6s, 1910
Gen’l mort., 6s, 1931..
"94 b Col. C. it Ir. Co.—1st, con. ,6s
No. Wis.—1st, 6s. 1930.1
Louisv. C.it L.—6s, 1931
67
So. Pac.of Mo.—1st, 6s 104% 105 *4 |Ft. W. it Denv. C.—1st, 6s
68
8LP.it S.C.—1st,6s,1919 *120
90 *4!
Trust bonds, 6s, 1922...
Tex.it l’ac.—1 st, 6s,1905 108
G al v.H. it II .of’8 2—1 st, ’5 s *50
Chic.it E.111.—1st,s.f.,cur.: 113*4 113b
73 b
10-40, 6s, 1924
Consol., 6s. 1905 t
Phil, it R.—Gen., 6s, 1908 *92 b
99 V L.Erie it W.-lst, 6s, 1919
Consol., 1st, Gs, 1934
*118
!
Income it Id. gr.,reg..
j Warren.—2d. 7s
34% 36
Chic.St.L.&P.—1st,con.os!
80 i
Sandusky Div.—6s, 1919
Wabash
funded int. bds.—
RioG., 6s, Aug. cn. 011'
52 b
Ohic.it W.Ind.—1st, s.f.,6s
68
Laf.Bl.it M.—1st, 6s, 1919
*97
Do
ex Aug. cp.
Tol. it III. Div.—7s
48b 49%
Gen’l mort., Gs, 1932
*103b 1053.t!iLouisv.N.Alb.itC.—lst.Gs
95
*97
Gen. mort. it Ter. 6s..
*40
L. ErieWab.itSt. L.—7s.
Ool.it Green.—1st,Gs,1916
1
1 st., 7s
Gt. Wnfif’n.
*97
jj General mort., 6s, 1914.
Pennsylvania RR.—
2d, Gs, 1926
!
90b'
Pa.Co.’s guar.4 bs.l st.cp 100
100 34
1
I Lou. N. O. it Tex.—1st, 5s
Ill. it So. Iowa.—'7s....
Col. H. Val. it Tol.—1st, 58
75 | 7534'Manhat.B’chCo.—Ts.1909
Pa. Co.’s 4 bs, Iteg., 19211
*70
100 34
Dec. it E. St. L.— 6s
Bel. L.& W.—7s, conv.,’92
1
*67
Toledo
it Wall.—2d. 63..
Ij N.Y.itM.B’h—lst.7s.’97
Pitts.C.ifeSt.L.—lst.c.,7s' 118
1st. retr.. 7s.'lflOft
!
Mortgage, 7s, 1907
! 134 I
Wab. it West’n —2d, 6s *08
Metrop’lit’n El.—lst,190S 112*4 112%
i
98
100
i
*68
330 l! 2d, (Is, 1899
Syr.Bing.itN.Y.—1st,7s
2d, 7s. 1913
Gt, Western—2d, 6s.
Chicago & Alton—
1st inort.,7s, 1893 —.. 119
'Sinking fund, 6s, 1903. *117
La. & Mo. Riv.—1st, 7s. *121
2d, 7s, 1900
1 .--St. L. Jack. it Chic.—1st1 118 bj...
1st,guar. (564), 7s,’94 x116b ...
2d, (360), 7s. 1898 ..
125
2d, guar. (188), 7s, ’98;
Eliz. Lex.it
....
,
..
....
71*4|
...
*j
......
...
......
- -
■
......
...
-
......
-.
,
.....
•
..
..
......
...
......
......
,
......
....
......
....
x
......
.
■
..
-
....
....
------
......
......
......
......
...
.
.
......
......
......
...
.
...
....
......
—
......
...
.
....
...
*
No prices
Friday; these
are
latest quotations made this week.
t Coupons off.
.....
[Prices by’ E. S. Bailey, 7
Hank Stock Elat.
Par.
(*) are
National.
Amer.
Bfoadway..
Central
Chemical
Citizens’
City
Commerce
^
25
100
100
150
108
no
100
2500
111!
250
First
Fourth
Fulton
Gallatin
Gar tie hi
German American*.
German Exchange*
..«.
Imp. A Traders’
Irving
Leather Manuf’rs’..
Mercantile
Metropolis*
Metropolitan
.
Oriental*
Pacific*..
Park
People’s*
.....
.
j Clinton
j1
1:52
LiO
Commercial
1
j Continental
jt Eagle
i
Empire City
|
no
1
j Firemen’s
Farragut
1- iromen’s Trust
Franklin A Kuip..
1
!
m
113
Germau-Ameriean
j
...
56)
125
LbO
150
14 0
......
i
152
*143
130
80
150
.120
1: 3
lot
90
10
14
.....
.
......
120
1 60
1,0
Republic
8t. Nicholas*
Seventh Ward
Second
Shoe A Leather
State of New York*
Third..
Tradesmen’s
Union
United States
113
no
! Peter Cooper
! People’s
...
Phenix
j Rutger's
*154
Standard
! Star
i
142 b 147
Sterling
! Stuvvesant
......
112
120
606
409
107
102
120
127
102
40
50
100
50
100
1
150
100
20
1,000
Metropolitan—Bonds
100
(iS. Y.)
1 000
Bonds
Amonnt.
Scrip
10
People's (BkJyn.)
1.000
V ar’s
50
;
.....
Williamsburg.
i Of*
r.
1,000
3,000,000)
300.OOI0). A .1
Apr.I v >■;
6
1900
Veoo.c/nd
\
AC
..
...
1 .ooo
lot)
1st neat....
Cent.Pk.X.A E.ltiv. -Stk
Consol, mort. bonds
Bonds
Bat’y—Stk
consol
Scrip
Eighth Av.—Stock
Bonds
Twenty-third St.—Stock.
This colnmu shows
1,000
! 1,200.000 J. A 1>.
1,000
100
500
100
1,000
100
Av.—Stock
1 St
250,0b:) M.AN.
h.90O,f!(IO; (>.—.1,
1,000
1st uiort. —.............
Third Av.—Stock
600,900; <«>.—.J.
i
1,000,"00 F A A
100 I
748,000 Q.—F.
<
Consol
100,00!) J. A J .
500,000 f2.—r.
100
Scrip
42d A Gr’r.d St.F’ry—Srk
1st mort
Houst. W.St.A I’.F’y—Sik
1st mort
-..
1st moit
A. A < K
100 -! 65O.0OA Q—F.
1,000 ! 250.000 A.-A O.
100 1,200.000 Q.—F.
500Ac.: 900.000 J. A I*.
100 1,200,000 F.A A.
100 1,000,000- Q.—.T.
Clirist’pit’i A 10th St—Stk
Second Av.—Stock
[ 200,000
100
1,000
1,000
100
1,000
100
1,000
j 236.000 A. AO.
,
i
Pink A
122
08
! 83
;no
,loL
140
did
it 50
97
110
152
M!5
109
*
! \l
Conv.
^4
7
i
-
250,000; Q.— F.
500.000 J. A J.
r8~
an.,
£
Conv. 7s, cp.off, Jan.,’85
Phil. Wil.A Balt.—4s,tr.ct
Pitts. Cin. A St. L.—7s
Pitts. Titus. A B.—7s,cm.
A Onton.
!
51*20
Portland Saco A Porism.
17
Rutland—Preferred
>
\
I
..ht.ie.l.’Dl
191 1
i.v
6
4
M
Worcester A Nashua—
Wisconsin Central
Preferred
*
A
i.
1
r
,
06
>
1
1 (iS
i 68
jl“5
’8.5 i 1 82
1^
M a V 1,
2
! *
pi'll 1,
.1
10')
Ap ll 1, 8 , T50
> uv.. ! 922 ! 1 i 0
6
•>
Ajirii 1,’SJ ! L 11
7
Dec., 1902 D.2L
1 b May 1, ’85 13U
i.
’
(
< »e::
-8'.»
'
2 b
3Iay 1, ’85
June, ’93
•J
Feb., 1914
2 b Ap ill,V<;
l>
-el).. 1914
4
May 1. ’.85
7
0.5
May 1, ’85
IU13’,
’94
Jan.,
’85
O
7
1,*62,000 J. A J. 5
400,000 M.AN. 5
1,050,000, M.AN. 7
1,500,000 M.A S. 5
500,000 J. A J. 7
2,000,000 Q.—F. 6
3,000.000 J. A J. 7
600,000 F.A A. 4
250.000 M.AN. 7
last dividend on sfoc<c.', bat date
jno
IK)
114
101
240
10o
24 5
112
140
111
181
105
UHO
Ml v,
’88 105
Nov., ’84 250
July, ’90 110
May, ’85 29 L
fan.,
*90 111
Feb., ’85 195
April.
May,
93 112
i)
112
115
112
107
jl.\5
1
-
2
1
12
12 3
133
1 1 0
193
116
105
265
108
255
117
150
113
185
166
106
290
115
293
113
208
114
of maturity of notvU.
■
ll;h
|
:J
*
j
35
:
55
52
129
I
.
8
•d.Ga.ig.j 107
|
81
2d, 6s, icg., 1907
li.n LTI Ti GMEi.
*
f
|
«
...
i
.
---;
’•J
1
.....
•
1
j
d pret. ..
* *M
h.rkei - •*>' ! S ill
< 'em..
>!
:(V: 1.11 at (»■.•,!
!•
r2
i •let.
> \ iiiru
19 5 ■ W- •S:eni Vi!
*0 )N its.
v J I.R- »A i ‘
i ’
-
I
i
t' ip
MW i .1 109-V
X*W
I'itlla. 1
Pnila. ,ni;wt<*v. p A
Phila.-2 RciCiing
j
PJiila. Wtlin. A B ut..... .
x'.y.-j
..
-
-
-
-
-
-
-
.
49
.
•
iiAuauia A vu i
D; 1
i
;
ii<;
oi
88
b
J j B.d i .vCOilio —0 -„‘85A.A*. > 107
107 V
M. AS.!
jjCcn. Onn>.—3s 1st.
109
b 109 =&
a.is: ..1
lUiat 1. Coi. A
96
»,;> •„
■
,
--I I'm.
*1 Wash. <x
40
118 V
113
07
•
196
j 45
•
70^e
178
-
■
-
196
....
.
1
f. A*
Pittsb.Din.A Ai. i..- Com.
United N. J. t ’ompanips.. 1
West <3 (■.•'ter—< ’•u*>. pref.
RAfLR’D m/JOCKS. l'ai
67 •
r. At ia nl a A v. Ivibdie.
:
I ICO; 17 (>
:!J
1 ilimore A
129
1.
iu- t...
1
!
--
60
a 1 l. •
:
A1 'antic..
BUND-s.
;schuvik. Nav.—,
68:,.j
sv
»! i i {l cVl
West J • rsey
West .lot scy A
CANAL
..
.
<
....
126
! —
W.JerseyAAti.—1st, 6s, O.j 106 j....
106 ;
§ 108 b ....
]....
h->s. A Del.— 1st. 6s.I960!
80 }
Leh’gh Nay.—Gs.d84 i loRb1I
MuVt. 1111., leg., 1807 . !§U8b
45
127
; i Cans., 7s, rcg,, 1911 . ..! 126b
....; jPtumsyiv,— os, cp.. 1 910..
HI
Bread Top'
.
1
1 125
1st, 7s,1999
00
!
*■
;
Mi)’
j "{o'
!
101
105 b 105
1 7b ! Cons, os, 1909
4
! |
t!Western Potiu.—6s,coup.
I i 6s, P. B., 1896
18
Gen.. 7s, coup., 1901
1
'
}
j
|
!
!W.Jersey—1st,6s,cp.,’96 115
!
....
2d preferred
—
Delaware A Bound Brook
East Pen nsy! vama
-.
Elmira A William .-'per t..i
1
1
'
7s.. 115 b;.
j West Chester—Cons.
;
j
ea...
70
United N. J.—Cons.6s,’94
Cons. 6s, gold, 1901.^..
Cons. 6s, gold, 1908
Gen., is, ■ old, 1923
Warren A F.—1st, 7s,’96
PHI LA I) EL 1*111 A. j
RAILROAD STOCKS, i j
Allegheny Valley
Ashtabula A Pittsburg..|
Fret
—
Syr.Geu.A Corn.—1st, 7s.
l ex. A Pac.—1st, 6s, 1905
Consol., 6s, 19d5
Union A Titusv.—1st, 7s.
13
i
815 j
Riiiiadi
3
75
’03
j
b! 18
§ *2
Summit Branch.
KM
;
} -»y
’8 ’> '2 i 1
s
av
’
i
\
j ]
t
9
2
1
'
*
,
>
120
Sbamokin V. A Potts.—7si
slum. Val.— 1st, 7s, 1909;
Gen’l 6s, 1921
Income, 6s, 1923
Income, 5s, 1914
j
Sun bury A Erie—1st, 7s. j
Sunb. ILaz. A W.—1st, 5s
2d. 6s, 1938
162
I5t*34 159
Champlain!
1893f
Scrip, 1882
Conv., 7s, R. C., 1893.-t
Nesq h- •honing \r' Uey
5 1!, -* U.ei.
N urlo.1 ’ : A W.
Rude mil
.Void tie : 11 Cell’ :.t:
.!
61
North I’euii.o !ve.nia
.' §
l.Vnt>'\ l v.iid 1
-
-«>
Ev.'l-t'iO 112
AdJ. Scrip, ’85-88
Debenture coup.,
;
....
Erie—1st ,7s,cp.’88
! Phil. A R.—1st, 6s, 1910.
2d, 7s, coup., 1893
Cons., 7s, rcg., 1911
Cons., 7s, coup., 1911..
Cons., 6s, g., l.R.0.1911
Imp., 6s, g., coup., 1807
Gen., 6s, g., coup., 1908
Sprinef. A Mem.
j'i ute I red
Li Die - -enuyiiKli
Mine!; J li A 8eh. C
,
Gen., 7s, coup., 1908....
I ncome, 7s, coup., 1896
Cons. 5s, 1st ser.,c.,1922
Cons. 5s, 2d ser..c., 1933
Little Rock A Ft. Smith.
Louisiana A Mo. River..
Preferred
Hun:inad'u »‘v
Prcl'-l ed
Lehiirh Valley
101
-
Cons., 6s, 1920
Cons., 5s, 1920
Phila. Newt. A N.Y.—1st
,
j
Passumpsic
erred
Bell’s Gap
Builaio N.Y. A Phil
Preferred
Camden A Allantic
Preferred
Oa' a wise 11
1st pi ci( i red
-
Cons., Os, reg., 1905 —
Cons., 6s, coup., 1905...
Cons., 5s, reg., 1019
Pa. A N. Y. C.-7s, 1896.
7, 1906
Peikiomen— 1 st, 6s,ci>.’87
A Cleve.
Counotton Valley
Det. Lansing A No., prof.
Eastern, Mass
Fitchburg
Flint A Pore Marquette.
Preferred
Fort Scott A Gulf
Preferred
....
Iowa Falls A Sioux City.
Kan. C. Clin. A Springf’d
Kan. C.
-
7 >!jivounsvlv.—Gen., 6s. reg.
ecu',6s,cp., 1910....1.
69 b-
...
8oo..»*oo .). a .*
;
-
ij
17 ;> b libb'
'
:
100 I
100 I
1st mort
IVA
115 PdoadwA y.3
| 700.000 J. A J .
1,000 j
bonds
Bnshw’k Av. ( Bkiii)—• St'k
Central CVossto vr n—Stk.
1st luorr.
Sixth
120
130
125
226
I9!)ir Id'9
6
Htio.oim .i. a. .‘.
!
N. Y. Phil.A
97
,ni
-
.....
-2,000.00
2,100.000 Q.--J.
1,00(1 1..500,000
A !■. ,S
1,000 i TOO,' 00
w
10 2,000. (*O0 Q. -F.
lot)
Av,—Si'k.
Bkiyn. krosstowu—stock
1st mort.,
OO
Bid. /Ask.
O
•>
Dryl>k. E. li. A
..
Connecticut River
street.]
..
lot)
ioili.E,—St a
Debenture 6s, refr
'Norfolk A West. Gen..6
N. H. T)iv„ 1st. 6s. 1932
Nor.—l8t, Csj
I lie., 6s, 19
; Oil City a Chic.—1st, 6s..
*bu!i; 69*V oil Crock—1st, 6s, coup..
STOCKS.
Atchison A Topeka
Atlantic A Par.ilie
BosfonA Albany
Conn. A
85
!|
!
Val.—7s..1 120
! lot
1st
96 b
Cinn. Sandusky
Concord
130
109
175
108
150
no
133
120
100
50
:
102 b
104
L 10
!{ Gen., 73, 1903
Cheshire, preferred -- —
Chic. A West Michigan..
70
1000
)106
1,000,01*0 A. AO. : 3 •
91
Jan. 1. '85
1,000.1)90;
1 05
1888
7 50,000 iM. AN. 3 b
l.oon
15
j
Old Colony—17s..
6s
Pueblo A Ark.
Ogdensh. A L.
Date.
*
fQuoLit’ons by H. L. Grant,
C'itv—Stock
8‘?
10
Metropolitan
Mexican Central
Nashua A Lowell
{Period
;i09V
126
53, perpetual
-
■
100
......
,
119
,
Preferred
Central
Marq. Hought’n
Preferred
& Co., Brokers, 40 Wall
Penn.—1st, 7s, 1888
106 •«
115b:
Boston A Lowell
Boston A'Maine
— Boston A. Providence
BoMon Revere B. A Lynn
Can* brid e
85
63
105
103
116
87
150
1.000,000, Var’s 2 'Apr. 1, ’85.120
700,000 M.AN. | 2 b N nv. i .’84 j 05
1,000.0(10 .]. A .1- 1 VMrhl.VSoj si
400.000 M.AN. 3 *2 Ni'V. 1,'84|105
Apr. 1,’Sjj 08
130,000 J. A J. 3
1,000,0001 Quar. ! -• b A pi\21,85:185
1,000
Brnnis
Brooklyn
50
,
1.000
loo
Ronds
'
Metropolitan (Bklyn.)..
M unicipal— Hinds
Fallon ‘Municipal
Boii.tS
1st IllOl'.t
2d 111"' t
00,
(105
112
J.
S3!.
! Leh.V.—lsi.,6s,C.AR.,’98
1 "G
2d, 7s, rcg., 1910
Cons. 6s, O.A It., 1923.. §126b 127
f'N. O. Pac.—1st, 6s, 1920.
127
! No. Pe nn.- 2d, 7s, cp. ’96.
92
917&
L.Ch.—Con.Os
Rutland—6s,
Sonora—7 s
125
2 0.»
May 5,’85 126 '128
2,000,000: Var’s 5
1.200.0001 Var’s I 3 Man, 1,’85 85 : S7
105
250,000 A. A O. i 5 |
jl03
I...
! 06 J' 9?
35,4 30,000 •
i 110
750,000 J. & J. ! 7b Tan. 1. ’85 135
MU >2
110 !
700,000 L<\ A A i 3 |
3,500,000; Quai. 2 b'Apr. 10,’85 13(k l od
1 05
1002
M03
1,500,000! M.AN. 3 >
25
V at’s
(Bklyn.)
Br’dv'.iy A7il.
3
Railroad Stocks and Horn!*.
I
Delaware—6s, rg.A cp.,V. §114
130
ilOObJj
I 06
115M
Norwich A Worcester...!
Old Colony
j
1,000
Consolidated Gas
Jersey City A Hoboken.
Ui'C.Kei •'•i.A
1st oiuri
57 b
j
jCor.CowauA Ant.,deb. 6s,
......if Del. A Bound Br.— 1st.7s
\East
130
121 Vs
§122
1
1 ncome
123
95
40
50
100
L25
120
215
10
50
Ogdensh.A
1 25
110
—!
18 kj |)
109
1st
N. Y. A N. England —6a.
7s
•7 s
N. Mexico A So. Pan.—7s
67
108
100
127
j Cam. A Burl. Co.—6s. ’97.
122
119
N. Y. A New England ...
Northern of N. Mampsh.
25
20
Bonds
»
1140
§107
Cons., 6 p. e
I
.
Scrip
Debenture, 10s
ppio
152
!
......
Brooklyn Gas-1 ay lit...
Citizens’ Gas-L.(Bklyu)
Eoii't.dd
20
50
50
25
50
100
100
25
j 2d, 6s, 1904
Mem.—6sj• 109 V 109»4 |Harrisb’g—1st. Ca, 1883..
567s: ot ijH.AB.T.—1st, 7s,g., 1890
14
*! Cons. 5s, 1895..
9-13-1: 95 J Ithaca A At h.— 1 st, gld.,7*
.....
j Par.
GAS COMPANIES,
.......
101)
! Westchester
Williamsburg City.
[Gas Quotations by Gf.o. H. Prentiss
Bonds
Bonds
100
K. City St. Jo.
Little It. A Ft. S.—7s,
X. City sp’d A
Mexican Central—7s
Income
230
a
110
Mort., 6s, 1889
jCam. A At 1.—1st,7s,g.,’93
....
Maine
City
Gas and
Nassau
1O
30
50
205
120
105
2(d)
60
100
120
i LI
;>0
40
117
190
80
107
c.,’89
Cam. A Amboy—6s,
j
1920
J14 lift » IFillV*! I I I I P Y
109 DOv i* ' EastonAAmb’y—5s,
U'il’
A C. B. -7s, 120 Hi!
jjEl A Wmsp’t-LsT,Gs, 1910
loo
Wall Street
West Side*
Mutual
100
j
P»rk
m;
1-8
140
100
n
.....
......
100
50
100
100
100
100
100
220 •
70
1
j
Conn. A Passumpsic—7s.
Counotton Valley—6s—}
East’rn, Mass.—6s, new..J
Fort Scott A Gulf—'7s....
K.
XY.V_.i4.)'
CiTjr Taiwr.
KrtW It A. So,—6s..!
225
240
80
100
108
85
50
00
215
126
110
..
145
100
1.2*2* * !Buff.Pitts.A* W.-Gen*,6s
Catawissa—1st, 7 s, con. e.
118
Chat. M., 10s, 1888
117 V118
New 7s, reg. A coup
107 b
j
89 j 89 34: Connect’g 6s, cp., 1900-04
Nebraska, 6s.. Exempt
Nebraska, Gs.Nou-ex’pt
Nebraska, 4s
i
56
20
215
......
20
Pherdx
120
50
25
11
100
!
15
50
100
j
50
J
100
i
30
i Kings C’nty (Bkn.b 20
40
Iv nickerboeker
j Long Isl’d (B’klvn) 50
MOO
1 Mnnufae. A Build.. 100
40
25
i Mooli. A Trade's’
70
|j Mechanics’ (Bklyn) 50
55
50
j 1 Mercantile
50
j
00
V i Merchants’
50
96
i Moutauk (Bklvn.)..
140
50
I ! Nassau (Bklyn.) ...
SO
37 b
! National
35
140
i j N. Y. Equitable ...
1
60
100
! N. Y. Fire
1125
50
Niagara
iCO
25
i
North River
ox
165
i pacific
.
.....
150
160
137
180
170
140
120
125
115
50
Germsuia
Globe.
Greenwich
Guardian
Hamilton
Hanover
H (lino
Howard
11 viiur
.! ehVrson
1
144
Merchants*
Merchants’ Exeh...
1
.
157
50
100
100
25
25
100
50
50
100
100
100
50
100
100
100
100
70
30
25
50
100
25
Mechanics’
Meehanics’A Trails’
.
100
Brooklyn
i Exchange
254
130
Marine
Market
.
‘25
17
20
70
100
50
100
40
10 U
«»0
f>0
17
10
100
Broadway
:
i1
125
.....
„
100
50
100
Manhattan*........
Murray Hill*
Nassau*
New York
New York County
N Y Nat Exch
Ninth
North America*
Nortii River*
;
Buff.N. Y.AP.—(Cont’d)—
si, i’r. (is, 1922
Atch. A Topeka—1st, 73- 123 V
121 b
Land grant, 7s
Boston A Maine—7s
t
Boston A Albany—7s
6s
Boston A Lowell—7s
6s
Boston A Providence—7s,
Burl. A Mo.—Ld. gr., 7s. 117
.....
140
95
H10
170
165
125
Ask
Bid.
SECURITIES.
Ask.i
BOSTON,
Ask.
Bid.
50
American
Amer. Exchange... 100
! Citizens’
25
100
100
100
100
30
50
100
75
100
100
25
100
Eleventh Ward*
Fifth
Fifth Avenue*
Germania*
Greenwich*
27*6*"
100
100
100
25
Continental
Corn Exchange*....
East River
9 i~
25
100
-
!
! 60
100
100
Exchange...
Par.
COMPANIES.
j
A sk.
Bid.
St.]
PRICE.
PRICE.
TES.
Marked thus
not
Pine
Bid.
SECURITIES.
Stock Hist.
,
Insurance
Baltimore.
Quotations in Iloston, Philadelphia and
Local Securities.
New York
COM PAN
621
THE CHRONICLE.
23, 1885.J
May
I!
Ul.
1 :aii. —l
st.f.,1
2 1s
,
97:
56
"f'7V
27
2& b
!
102 b
i02
1 >iaA G1 ecnv. •U.h
LeltigluNavigation
I 42b>
I !<| ciuin
2<ls
!
102 34
Peimsy 1 vania
j —v1
iNo.D’c \tial—6>, ’85,J.AJ.i o)2
Schuylkill Nav., pret... .
j
778j
6s,
1900,
A.
A')
118
RAILROAD BONDS. I
119*“
117
bs, gold. 1900. J . A J
106 *2
Allegli. Val.—7 3-10s. ’96 120 :120 V
5b, Senes A
-CANAL sTiK’ks.
7s, E. ext., 1910
.
j
------
Inc. 7s, end., conp., '94!
13
Aslitab. A Pittsb.-— 1st,6s
120
ist, 6s. reg., 1908...
j
Belvid’e Del.—1 st,6s.l902 101
104
2d. 6s, 1885
3d, 6s, 1987
j 105
110
Beil’s
Gap—1st, 7s, 1893. ;
!
1st, 0s, i905.„
*96
Consol., 6s, 1913
Bn if. N.Y. A Phil.—1st,6s
2d, 7 s. 1908
Cons. 6s, 1921
Ex-divideml.
1 Per share.
18
1
.. —
5s Sex ii's B
Pitt sb.ACon’ells.—7sJ
IJ niiut R R.—1 si, gua.J
Caul on endorsed
I Virginia A
I
Tenn.—5s
105 b 107 b
AJ
A.)
—
8 )
jW.Md.—6s, 1st , g., J. A M.
j 2d, guar., J. A J
2d, guar, by W.Co.,J. AJ.
6s, 3d, guar.. J. A
J.....
IWilm.U A A'lg.—6s
Wit. A Weiuon— Gold,7**
f In default.
1 23 b
117
ioi
127V
1*05’
114b 116
§ Last price thisweek.
622
THE
RAILROAD
CHRONICLE
EARNINGS
The latest railroad earnings and the totals from Jan. 1 to
latest date are given below. The statement includes the gross
New York City Banks.—The
following statement shows the
condition of the Associated Banks of New York
week
KL.RCkFAt
Roads.
Earnings Reported.
Week or Mo
1883.
1884.
$
Ala. Gt. South’n.
Atch. T. & S. F.
Boat. H. T. & W.
Bur.Ced.R.&No.
Canadian Pacific
Central Iowa....
Central Pacific..
April
$
55,306
82.831
March
2d wk
2d wk
2d wk
2d wk
1,346,13 s) 1,404.056
May
7,240
6,934
May
5t,804
44.921
May 128.000
103,000
May
29,213
21,455
1,735,000 2,030,079
April
Cliesap. & Ohio. March
268,775
313,542
Eliz.Lex.&B.S March
53,307
57,519
Ches. O. & 8. \V. March
128,528
116,110
Chicago & Alton 2d wk May 150,101 150,150
Chic. Burl. & Q. March
2,630,110 2,106,028
Chic. & East Ill 2d wk May
29,084
23,513
Chic. Mil.* St.P. 2d wk May
415.000
457,805
Chic. & North w. 2d wk May
428,500 436,100
Ch.St.P.Min.&O. 2dwk May
106.900
113,500
Chic. & W. Mich 2d wk May
24,626
29,991
Cin.Ind.St.L.&C. 1st wkMay
42,092
47,245
Cin. N.O.&T. P. April
194,008
211,495
Cin.Wasb.&Balt. 1st wkMay
29,908
31.921
v.
2d
Cle Akron & Col
wk May
9,055
8,567
Clev.Col.C.&Iud March
273,641
316,147
Connotton Val.. March
24.400
21,987
Danbury & Nor. March
16,443
13,559
Deny. & Rio Gr. 2d wk May
117.400
120,200
Denv. & R. G. W April
68,175
67,290
Des Mo. & Ft. D. 2d wk May
6,998
6,142
21.894
Det.Lans’g&No. 2d wk May
28,029
Dub.&SiouxCity 2d wk May
17,300
17,68)
E.Tenn.Va.&Ga. March
324.400
331,109
Evansv. & T. H..2d wk May
14,201
14,163
Flint & P. Marq. 1st wkMay
39.777
49,031
Flor. R’way & N. 1st wkMay
19.134
19,289
Florida South’n. March
25,191
17,061
Ft.Worth & Den. April
32.400
42,500
Gal.Har.* 8.An. January...
211,097
254,134
Wk May 9.
GrandTrunk
266,998
305,857
Gr.BayW.&St.P. 2dwk Mch
6,695
6,685
.
Gulf Col. & 8. Fe March
M.Cent.(Ill.&So) 2dwk May
Do
(Iowa) 2dwk May
Ind.Bloom.&W.t 1st wkMay'
8. & Gulf 1st wkMay;
M.| 1st wkMay
Kentucky Cent’l March
J
Kan. C. Sp. &
Lake Erie & W..'3d wk Mch!
Ft Smith March
\
L.Rk.M.Riv.& T. March
j
Long Island
2d wk May i
L’a * Mo. River. January .. j
L’a Western
'January... j
Louisv.*Nashv. 2dwk May'
Manhattan El... 9 dys May.
Mar. Hough. &O 1st wkMay
Mem. & Charles. March
Mexican Central 2d wk May
Mex.N.,all
liues§| April
Milwaukee & No 1st wkMay
Mil.L. Sh.&West 2d wk May
Minn. &8t.Louis March
Mobile & Ohio.. April.
Fash. Ch. * St.L April
F.O.&Northeast
..
Shenandoah V. 2 wksMcb.
Northern Cent’l. March
Northern Pacific April
Ohio Central.... 2d wk
Ohio & Miss.... 3d wk
May
Apr.
6,147,763
779,779
157,630
356,232
2,740,970
6,233,509
559.300
7,718,00<
7,607,583
1,766,925
419,691
836,894
814,045
639,40s)
101,765
803,408
66,672
44,093
1,965,183
263.301
127,313
397,402
284,694
*923,620
250,840
639,761
373,791
78,927
112,176
211,097
5,197,077
52,251
536,131
41,475
38,318
23.666
804,135
889,393
618,41*
186,149
23,163j
65.377
19.548
46,508
26,6641
49,258!
46,270
26,326
49,530
45,163;
51,211
50.666
39,828
249,405'
179,1471
4,885
109.252
83,700
133.401
10,260
261,425
167,364
14,787
111,925
58,600
149,578
10,097
21,740
143,233
167,790
188,167
26,390
301,229
2,843,604
5,725,261
505,620
7.398,274
7,466.923
1,942,486
558,428
739,221
784,988
144,459!
91,310
775,922
45,103
39,828
South Carolina.. March
j
Bo. Pac., No. Div(February .
Southern Div.Ji February..
Arizona
j Febru ary..
New Mexico..!February..
Texas & N. O
January.
Tex. & St. Louis. 4th wkApr
Tol.A.A.&N.M. April
Union Pacific... March
...
Utah Central
...
Vicksb’g & Mer.
Vicksb.Sh.&Pac.
Wab. St, L. & P.
WeBt Jersey
....
Wisconsin Cent’l
64,900
39,296
1,852,375
230,605
119,003
493,201
314,439
969,489
250,414
861,S31
373,311
45,609
128,853
254,134
5,802,406
594,943
771,99 4
785,491
313.545
169,907
127,740
84,339
733,382
51,211
50,666
5,1S9,398 i 4,388,912
89,215
351,765
1,425,256
539,501
190,795
396,383
102,614
335,816
977,997
447,946
683.668
712,023
241,695
379,426
3,459.463
1,170,772
3.033,632
1,287,513
755,120
514,485
563.241
Mercantile
Pacific
Republic
Chatham
133.204
467,13L
i
263,934
259,471
720.450
138,100
142,549
90,331
44,433
82,278
50,959
518,170
320,599
888,853
26.252
483.360;
27,919!
110,678
142.563
21,130
26,016
5 18,746
381179
282,177
895,635
462,564' 1,276,625 1,271,023
873,105 1,441,514 j 2.638,263 3,554,658
Irving
Citizens’
Nassau
Market
St. Nicholas
Shoe* Leather..
Corn Exchange
Continental
13,919
73,242
18,566
707,800
114,412
82,300
247,359
137,516
56.711
87,645
22,210!
13,512
7,988
80,054
23,244
804,999
110,695
72,979
238,222
152,101
423,937!
272,230!
521,124
304,504
194,407!
169.855
1,506,705 1,‘60,806
310,504;
328,705
2,141,153; 2,351,619
355,518;
373,594
184,9221
152,392
522,122! 518,018
275,879;
318,170
54,752
94,986
12,373
109,537
109,586
65,075
65,075
94,986
12,842
305,983
244,824
20,563
17,400!
85,763
64,361
1,975,517 1,965,497 5,214,4151 5,037,945
55,306!
February..
75,433
140,375
150,716
April
32,059!
37,054
147,030
163,582
April
23,1811
5,475
111,314
44,422
April
!1,114,48811,187,141 4,837,549 5,072,504
March
1
82,403
82,494
218.980
209,467
1th wkApr]
51,346’ 42,256
470,835
483,207
Not including earnings of New York Pennsylvania & Ohio road.
♦Not including the first six days of January,
preceding time when
Receiver took possession.
t Not including Ind. Decatur & Springf. in either year.
J Not including Colorado Division in either year.
§ Mexican
currency.
1,076,800
51,000
125,500
1,088,000
176.600
147,000
1,073,400
554.800
735.300
248.600
201,000
108,600
149.000
697.500
390.400
•
648.800
1.525.900
443.500
274,000
1.871.700
5,179,000
9,608,500
751.400
1.412.800
266,000
1.679.700
856.800
115.300
560,000
3.522.700
836,000
461.500
499.200
755.300
281,600
975,000
2.349.800
2.978.600
1.794.100
2,857,000
5,057.600
4.046.600
1.880.800
...
125.900
829.700
2,105,000
1,492,200
291.300
666.400
788.800
490.600
426.800
186.600
436,000
650.900
Importers’* Trad.
Park
North River..
East River
Fourth National..
Central National..
Second National..
Ninth National...
First National....
Third National...
N. V. Nat. Exch..
Bowery
N. Y. County
German- Americ’n.
Chase National...
Fifth Avenue
German Exch’nge.
Germania
United States
4.168.300
748.500
1.107.900
312.100
2.053,300
1.844.100
467.500
243,000
703.700
398,000
Garfield
Fifth National....
B’k of the Metrop..
West Side
199.400
305,4(10
480.000
236.600
785.100
150,000
258,000
681.400
402.200
176.500
221.400
847.300
58,600
1,071.100
2.915.300
1.416.100
298,800
606,400
170,000
'*2,600
1,019,200
2.336.400
1.186.500
4.325.200
13,850,000
21.374.400
4.394.600
6.834.500
3.109.200
5.929.700
4.162.400
1.675.200
3,779,000
10,000,900
462,700
43,100
711.200
900,000
485,600
423,000
45,000
5,400
3*06*60*6
2,992,000
3,056.900
2.912.800
255.200
268,100
443*000
2.805.400
1.641.100
3,445,000
4,241,000
383,9*0*6
1*6*3*50*0
5.649.500
1.973.900
21.857.400
23.030,300
2.542.400
369,000
1,061,900
307.500
90,000
1.899.300
1,345,000
439.800
163,100
653,000
271,000
1,1UU
255,000
1.770.900
285.400
133.200
1.366.100
--
21.654.100
2.819.100
4.139.100
1,948,000
916,900
16.658.100
9,830,000
3,291,000
5.170.200
18,813,000
4.121.500
1.218.700
2.210.900
114.700
560.600
980,000
2.779.600
1.862.400
1.737.800
2.482.500
1.543,000
1.209.400
Lincoln
1.839,000
2,230.000
302,000
3*52,” 0*
1.771.300
259,000
263,900
3,043.200
"
450,(00
16,719,700
231.200
243.500
77,800
623.200
2.554.200
tion.
11,985.000
9,183.000
9.127.400
9,998,000
3.474.600
11,G84,300
2,500.000
460.800
485.600
1.593.700
220.300
17,642.300 8.509.300
17,747,000! 4,392,000
75,000
1,595,000
1,093,300
187.100
13.103.500 5.994.700
7,470,000 3,230.000
2,415,000
915,000
4.681.800 1.146.600
15.278,900 6.324.900
Oriental
9*89*90*6
45,000
2*22*9*66
180,000
297,000
34,400
45,000
447,100
180.000
208,500
180,000
2,608,700!
*45*,6*0*5
3,995,000
3.198.500
2.542.100
2.124.300
46,900
191.600
127,000
2.476.800
207.200
884.500
1.247.200
4.447.100
623.400
1.864.200
180,000
44,700
1,919,000
1.174.900
179.000
135,000
298,748.900 113611200 35,017,800 364,971.800'10.529,100
following
totals for several weeks past:
are
Loans.
Specie.
L. Tenders.
Deposits.
$
<$
$
$
Circulation A<jg.
1
$
Clear'gs
$
May 2 296,616,400 111484200133,243,800 358.349,400 10,814,800 411,511,314,
91299,100,800 113037000 j 32,740,900 301,9)8,700 10,797.500; 507,034,848
161298,748,900 113641200135,017,800 364,971,800 10,529,100i511,557,3S9
”
“
Boston
1885.
Banks.—Following are the totals of the Boston banks:
Loans.
Specie.
$
“
9 144,532,900
10 144,496,200
“
$
8.498.900
Loans.
$
74,267,010 1
74,079,191
74,651.485 1
2
9
“
$
16
Circulation'Agg. Clcar'gn
$
$
4,434,400 101,892,600 22.514.100 04,349,476
4,215,600 102,799,500 22.238.100 66.682,368
4,079,4 00 104,234,700 22,283,100[ 63,772,614
-The totals of the
follows:
1885.
May
Deposits.
8,529,800
8.514.900
Philadelphia Banks.are as
L, Tenders.
$
May 2 144,858,300
73,783
75,416
16,15 7
10,560
...
Total
500,000
1.494.100
947,000
231.800
5.592.600
18.381,000
5.854.200
6.268.300
2.222.700
6.483.600
3.678.100
1.407.600
3.270.100
7.773.100
2,458,000
2.444.700
Circu'cb
9
1,945,000
736.800
12,352.000
Broadway
391,497
693.576
792,473
4.217.400
8.973.500
Deposits
other
than U. S.
$
2,583,000
2,148,000
2.053,800
3,708,000
2.584.300
4,889,000
1.643.500
1.216,000
1.003,700
2.518.600
1,138,000
2.867.900
Americ’n Exch’ge.
Commerce
j
$
Net
Legal
Tenders.
620,000
6.534.600 11,469,200
2,027,000
275,000
1.168.400 1.135.800
16.226.500 9.212.300
Fulton
Chemical
Merchants’ Exch.
Gallatin NationalBatchers’ & Drov..
Mechanics’ & Tr..
Greenwich
Leather Mannf’rs.
Seventh Ward....
State of N. Y
1885.
$
2.749,000
Tradesmen’s
172,315
Specie.
8,321,000
„
City
The
Discounts.
10,628,000
8.708,000
6.931.700
North America
Hanover
a
New York
Manhattan Co
Merchants’
Mechanics’
Union
America
Phenix
158.318
896,901
87,730!
Ohio Southern.. April
38.809;
14 3.054
39,59b!
149,492
Oregon Imp. Co March
225,5271 291,6281
780.1 46
670,7ul
Pennsylvania... March
3,635.374 4,002,627 i 9,938,596 11,003,593
Peoria Dec.&Ev. 2d wk May j '
13,070'
278.563
9,292
247,140
Phila. & Erie— March
260,460
28T5.402
747,667
690,677
Phiia. & Reading March
1,919,502 2,186,144| 5,560,513 6.386,286
Do
C. * Iron March
914,465 2,868,880 2,850,264
1,054,469
Richm’d &Danv. April..
301,097
317,181! 1,297,202 1,273,954
Ch. Col. & Aug April
52,828
54,8161
289,993
271,355
Gr.
Columbia*
39,481
April
45,728
251,197
234,069
Georgia Pac.
April
49,853
32,079!
220,099
172,987
Va. Midland..!April
130.841
124,094
449,138
466,909
West. No. Car. April
37,289
33,834
129,183
143,802
Roch. & Pitt8b’g|2d wk May
19,516
19,139
379,827
341,049
Rome Wat.* Og.J April
151,476
132,957'
482,168
456,001
St. Jo. & West’n.i April
8t.L. Alton&T. H. j 2d wk May
Do (Branches) 2d wk May
St. L. F. 8. & W. 12d wk May
St.L.* San E ran.\2d wk May
St. Paul & Dul’th'2d wk May
Bt.P.Min.& Man.| April
Loans and
Peoples’
440,107
!
Average Amount of—
612,401
67,716
271,639!
385,049
3,926,803 3,618,800
31,870
71,571
359,052
3,743,424
140,505
945,967
1,319,826
506,608
6,355,119
860,235
150,856
j
..
Norfolk & West.list wkMay
433.351
30,900
41,303
40,780
1,269,249 1,177,892
0.1 March
N.Y. & New Eng. j March
N. Y. Ont. & W. April
N.Y.Susq.&Wcst! April
N. Y. Pa. *
149,975
1,050,733
2,238 237
121.676
126,537
165,381
57,893
N.Y.L.Erie & Wa! March
383,375
3,526,581
187,330
29.512 i
1834.
$
95,445
190.432
April
1885.
198.900
21,330
.
Jan. 1 to Latest Bate.
City for the
ending May 16, 1885:
earnings of all railroads from which returns can be obtained.
The columns under the heading “ January 1 to latest date”
furnish the gross earnings from January 1 to, and
including,
the period mentioned in the second column.
Latest
[Vol. XL,
Lawful Money.
Philadelphia banl s
Deposits .*
$
25,889,969
26,621,227
27,010,753
^Circulation.
Agg. Clear'os
$
I 7,66?,
74,052,320
081
74,955,661 1 7,667,337
77,004,215 ! 7,661,741
44,438,297
44,185,504
42.207,410
♦Including the item “due to other banks.”
Unlisted
week
Securities.—Following
are
latest quotations for a
past:
Securities.
Bid.
Atlantic * Pac.—Stock....
7*8
West. Div., 1st mort
70
Incomes
16
Cent. Div., 1st, old,
67
Cent. Div., 1st, new
58
Accumul. land grant
19
Ata.& Char. Air L.,lst,g.b. 113
Incomes
87 h
B’klyn Elev.—1st, ass’tpd
Butt. N. Y. & Phila., tr. 6s
Commercial Tel.Co.—Pret
Denv.& Rio Grande—cons
5s
Denv.* Rio Gr. W
Den. R. G. * W„ 1st M.,
Guar, by D. * Ii. G
Edison Electric Light....
Georgia Pac.—Stock
1st mort
......
**
1 78
44 ^
27 *2
32
95*2
•50
17
4*2
60
9t2
[
Securities.
N. J. Southern
N. Y. M. Un. Tel.—Stock.
N. Y. W. Sh. & B.- Stock.
North. Pac.—Div. bonds
North Riv. Cons.—100 p.c
Ohio Cent.—Riv. Div., 1st
Incomes
Pensacola & Atlantic
1st mort
.
Pittsburg & Western, 1st
*4 Postal Telegraph—Stock.
4*2
1st mort.,6s
95 7g
Kans. & Neb., lsttr’tcer. 106
2d trust cer
47
Keely Motor
7*3
Louisv. & N.—Adj. bond8 7134
Mexican National
234|
Pref
934
Mo, Pacific—Old stock
M.K.&T.—Income scrip.
77s
73
90
Bank.&Merch.Tel., IstM.
Gen. mort
Bost. H. * E.—New stock
Bost, H.T.& West.—St’k.
Debentures
Ask.
Bid.
Asf(.
50
2
75
6
13 hi
52^
*3
9
...
3*4
Gen. lstjd.gr.&inc.as.p.
U. S. Electric Light
Vicksb. & Meridtam
71
57
*2
15
l*a
1
9*2
1*2
59
18
18
5
20
5
40
1st mort...J.
2d mort
22*3
3*«
3*3 Virginia Midl’nd, 6s, inc..
40*4! 41*2 West N. Corolina.—1st M.1 7oi*
22
14,38
1*3
3
1st mort., 6s
7
! Postal Tel.* Cable—Stock
I Rich. & Danv., deb
631*
35U State of Tenu.—Set’m’t.3s
58
St. Jo. & W.,stktrustcer.
106
17
53*2 St. Jo. & Pac., 1st tr. cer. 114
19
2d trust cer
48
Tex.& Col. Imp.—Ex.bond
6
Texas & Pac.—Scrip 1«84. 33 8;
Old scrip
37*3
38*3
New scrip
35
Tex.& St.L.,M*ADiv.asp
7«
M. & A. Div., 1st mort..
97
16
Incomes, ass. pd
6s, 1st mort., in Texas..
76
8*4
3*2
90
40
60 ~
76*4
May
623
THE CHRONICLE,
23, 1885.]
with
% wtr t s t m * w 1
15,000 shares of the preferred stock in
AND
tional of
The
complete exhibit of the
Funded Debt ofStates and Cities and ofthe Stocks and Bonds
of Railroads and other Companies. It is published on the
last Saturday of every other month—viz., February, April,
June, August, October and December, and is furnished with¬
out extra charge to all regular subscribers of the Chronicle.
Extra copies are sold to subscribers of the Chronicle at 50
cents each, and. to others than subscribers at $1 per copy.
a
preferred stock.”
with
shares addi¬
* *
obligations outstanding Dec. 31,
1883, was $1,916,893; no additional obligations were incurred
during the year, and of the above amount there was paid off
$265,081, of which $201,088 was principal and $63,993 interest
The amount outstanding at the close of 1884 is $1,239,468 for
balance of principal due.” * * *
“In conclusion, your directors desire to state that when the
“
The Investors’ Supplement contains
the treasury of the
company, were sold to a syndicate for $1,500,000.
com¬
mission to the syndicate and other expenses in connection
the negotiation required the payment of 9,555
The amount of Car Trust
company was
organized in 1881 the physical condition of the
property was such as to necessitate the expenditure of large
sums of money for improvements, betterments
and equip¬
ment.”
*
*
*
portion of these improvements had been made prior to
the year 1884, and others w^ere in process of completion.
But
ANNUAL REPORTS.
before your company had fairly commenced to reap the
benefit from the expenditures made, the financial disturbance
Norfolk & Western Railroad.
of May, 1884, prostrated the industries of the country, and
(For the year ending December 31, 1884.)
seriously affected the general business of your company. It
The lines of this important railroad system may be seen at a was, however, principally due to the advantages derived from
glance by looking at its map in the Investors’ Supplement. the extensions and improvements already completed that
The length of line in operation at the close of the year 1884 your management was enabled to overcome to a great extent
the effect produced upon the earnings of the company ; the
aggregated 510 miles, as follows :
Miles.
Miles.
wisdom of making them is thus made apparent.”
Main line, Norfolk to Bristol .. 408 Flat Top extension of New
The comparative statistics for three years have been com¬
River division
7
City Point branch
10
piled
for the Chronicle as follows:
Saltville branch
10
510
Total
OPERATIONS AND FISCAL RESULTS.
New River (liv. (to coal mines) 75
1882.
1883.
1884.
The remarks of Mr. F. J. Kimball, the President, set forth
Miles ow’d <fc oper’d
510
166
503
very fully in his report the situation of the company and the
Operations—
result of its operations in 1884. He states that “ the decrease
412,152
Passengers carried
263,347
307,927
in revenue during 1884, as compared with 1883, is attributable Passenger mileage
14,915,267 16,285,288 19,213,251
797,255
892,512
609,727
to the falling off in the quantity of and earnings from through Freight (tons) moved
133,957,973 155,521,709 171,773.275
(tons) mil'ge
traffic, due to the general depression in business prevailing Freight
Earnhnjs—
$
$
45
throughout the country. The decrease in gross earnings from Passenger
442,301
485,805
521,192
the through passenger and freight traffic of the company 9vas Freight
1,842,383 2,181,711 2,025,087
J
143.055
145,260
161,875
$202,676, while the earnings from local traffic increased Mail, express, &e
$81,438 ; the decreased earnings of the company are therefore
Total gross earn’s
2,429,740 2,812,776 2,711,154
attributable to the through business. The gratifying increase
Operat'd Exp'nses—
$
$
$
258,215
260,990
232.977
in local traffic confirms the statement made in the last annual Mainte’co of way, &c
Maint’ce of equipm’t
97,864
115,477
116.087
report that the growth of local business upon your lines may Motive power
399,26 L
442,089
409,533
be considered as being permanent and continuous.”
* * * Transport’ll expens’s
386,465
499,881
539,134
219,127
180,770
191,136
“Although the net income resulting from the operations of General
your line during the year 1884 amounted to $240,858, the extraor¬
Total (inc’gtaxes)
1,322,576 1,509,574 1,516,853
dinary demands of the year, allusion to which is made herein¬ Net earnings
1,107,164 1,303,202 1,191,296
after, did not, in the opinion of your board, warrant the dis¬ P.e. of op.ex. toearns
54*4
537
559
tribution of the same to the shareholders. Your board has
INCOME ACCOUNT.
1882.
1883.
1884.
deemed it expedient to charge off against the net surplus of
December 31, 18S4, $300,000, of which $200,000 is on account
Receipts—
$
$
$
1,107,163 1,303,202 1,194,296
of the loss arising from the investment in the Shenandoah Net earnings
Other receipts
63,389
Valley Railroad Company and $100,000 on account of the de¬
Total income
1,170,552
1,303,202 1,194,296
preciation of the value of the company’s investment in the
$
Disbursements—
$
$
Roanoke Machine Works, and since January 1, 1885, these
Interest
729,359
810,792
953.436
entries have been made, thereby reducing the surplus of income Dividends
600,000
525,000
to $213,390.” *
* *
Extraordinary expenses
66,662
The Improvement and Extension mortgage was made in De¬
Total disbursements
1,329,359
1,335,792 1,020,098
cember, 1883. In order to meet the requirements for improve¬
def. 158,807 def.32,590 sur.174,198
ments and extensions, and a proposition contemplating the Balance*
The accumulated surplus Dec. 31, 1884, was $513,390.
purchase of $2,500,000 of bonds having been made by a syndi¬
cate of bankers, $1,500,000 of these bonds were sold to them
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1881.
1882.
1883.
1884.
and an option given until August i, 1884, on $1,000,000 addi¬
$
$
Assets—
$
$
tional.
“The financial conditions throughout the country,
RR. equipment, Ac..
28,805,138
30,677,197
31,334,572
35,352.813
however, had assumed such a phase at the time of the ma¬ Stk&bds own’d, cost
514,600
3,680,670
8,372,400 t6,687.900
552,400 1,916,894 1,651,812
turity of the option, that it was not availed of. and work upon Car trusts
107,856
88,015
239.760
153,358
the Cripple Creek extension of the New River division was in Materials, fuel, Ac..
Cash on hand
238,028
327,722
329,418
149,413
consequence discontinued. When the work was suspended Otli’r acets&adv’ces
204,806
446,745
575,830
961,600
the grading on about thirty miles of the line was nearly com¬
Total
29,850,587 35,924,494 42,682,472 44,911,394
pleted, the bridge masonry and superstructure well underway,
$
$
Liabilities—
$
$
and the xvork generally was in an advanced condition.” * *
3,000,000
3,000,009 7,000,000 7,000,000
Ssoek, common
‘The amounts expended during the year for purposes contem¬ 8took,
1.5,000,000 ;18,000,000 ;18,000,()0() 18,000,000
preferred
plated and specified in the Improvement and Extension mort¬ Bonds (seeSUPP’D.. 10,778,600 12,778,600 12.784.600 16,850,600
“A
*
‘
...
Div’d
gage were as follows:
Cripple Creek extension
Flat top extension
Norfolk terminals
Main line improvements
$740,669
106,449
.
304,934
.
296,435
and extensions
$1,418,488
A mouiit
1,280,104
received from sale of bonds
$168,384
Excess
“
To
represent this excess
of expenditures the company
received and has in its treasury $198,000 Improvement and
Extension bonds, which, together with $343,000, representing
the amount paid out during the year on account of cash pay¬
ments for rolling stock and principal of car trust notes, makes
the total amount of Improvement and Extension mortgage
bonds in the treasury of the company at the close of the year
$541,000. The company may reimburse itself by the sale of
these bonds whenever considered advisable.
“First mortgage bonds were received from the Norfolk
Terminal Company to cover the cost of the improvements
made to its property, and were deposited with the Trustee of
the Improvement and Extension mortgage, in
with the terms of the mortgage.” * * *
The floating debt on Jan. 1, 1884, was $1,388,202.
ments were
therefore perfected for the
accordance
“Arrange¬
issue of $1,500,000 ten-
forty Adjustment Mortgage bonds, bearing interest at the rate
of 7 per cent per annum, payable quarterly, and secured by a
mortgage dated Oct.
and Safe
29, 1884, to the Fidelity Insurance Trust
Deposit Company as trustee.
These bonds, together
pay’leiuscrip.
Collateral loan
525,000
1,000.000
388,202
324,012
2 47,298
1,916,893
157,273
339,194
291,710
£07,597
Interest payable
150,348
296,285
I/se war’tson rol. stk
552,100
1,651,812
Miscellaneous
93,057
Protit and loss
538,488
371,783
513,390
Total liabilities.. 29,850,587 35,924,494 42,682,472 44,911,394
t Includes $544,500 Norfolk & Western preferred stock and $19,100
common stock; $541,000 Norfolk & Western Improvement and Exten¬
sion bonds; $4,<>57,109 Shenandoah Valley stock; Roanoke Machine
Works stock and bonds, $865,300; Norfolk Terminal Co., stock and
Bills payable
Current accounts...
bonds, $026,910;
t
50.000
240.094
647.091
243,103
331,517
miscellaneous, $34,000.
unissued preferred
Includes $3,000,000
stock.
Galf.
(For the year ending December 31, 1884.)
The annual report says that the bonded debt of this com¬
pany has been reduced during the year by the purchase of
$47,000 bonds from cash received from tthe land department;
leaving a total amount outstanding January 1, 1885, of Kansas
City Fort Scott & Gulf Railroad Co. 7 per cent bonds, $2,353,000, a debt of $14,713 per mile on the main line. This debt
will be still further reduced by the retirement of $53,000 more
bonds June 1, 1885. The net amount to be realized from the
land assets still remaining for the purchase of bonds is esti¬
mated at about $250,000. The bonded debt of the leased lines
(principal and interest of which is guaranteed by this com¬
pany) has been increased during the year 1884 by the sale of
Kansas
City Fort Scott &
THE CHRONICLE.
624?
Raihoad Co. 7
per cent bonds, completing the issue authorized by the mort¬
gage.
Also, by arrangement with the holders of the bonds of
the Memphis Kansas & Colorado Railway Co., all of those bonds
have been exchanged, bond for bond, for new bonds of the
same company, with the sinking fund provision of the old
bond abrogated, and secured by a new mortgage limiting the
issue to $15,000 per mile.
Under this new mortgage, bonds,
in addition to those required for exchange, were issued in
[Vou XL,
INCOME ACCOUNT.
$122,000 Fort Scott Southeastern & Memphis
27,030
$
233,290
111,331
25,416
Total
390,094
375,037
Deduct—
$
175,393
172,585
51,004
62.807
35,554
51,6 5 8
9,860
12,276
16,256
32,('35
45,101
13,5:71
1,006
315,380
307,098
271,192
74,714
67,939
77.981
$
Interest
125.271
la nds
on
1884 to the extent of $219,000—the proceeds of which have Oilier interest
|1 Land department.
been used for betterments.
1
Taxes, insurance and
KANSAS
general
| Miscellaneous
CITY BELT RAILWAY.
furnish increased facili¬ |
the railroads centering at
Kansas City, and is owned by this company in connection
with the Atchison Topeka & Santa Fe Railroad Co. and the
Kansas City Stock Yards Co.
The investment of this comCompany to January 1, 1885. amounted to $195,000, for which
*•
This enterprise was projected to
ties for the movement of freight for
Balance, surplus
,
i
237,193
Net earnings
Land sales
Interest received
Miscellaneous
;
.American
245,582
76,791
19,257
7,543
319,173
$
168,315
$
GENERAL INVESTMENT
it received stock and $195,000 of the first mortgage six per
cent bonds of toe Belt Railway Co.
It has sold these bonds
with its guarantee attached for an amount which fully covers
the investment.”
1884.
$
18-3.
1S82.
43.439
NEWS.,
Rapid Telegraph.—Application lias been made
Philadelphia for a receiver for the American Rapid Tele¬
j graph Company, and that the revenues be devoted to payment
of the interest on the bonds, the revenues being diverted by
the Bankers’"& Merchants’ Telegraph Company.—-Pont.
KANSAS CITY CLINTON Sc SPRINGFIELD RAILWAY CO.
Atlantic Coast Line.—The Baltimore Sun reported recently
“Subscriptions to the securities of this company were offered
to the stockholders in August lasr, and progress in the con- : that the Richmond Fredericksburg & Potomac R. R. had been
struct ion of the road has been made as rapi dy as an unfavoi- j acquired by purchase of a majority of its stock by the Atlan¬
able winter season wt uld admit.
rt is expected that the coal i tic Coast Line. The road is eighty miles long, and connects
mines will be reached in June next, and the whole road com- ! at Quantico with the road to Alexandria, thirty miles, which
is controlled by the Pennsylvania Railroad.
The San says:
pleted during September.”
The following statement gives the fiscal results, not includ- j “The Atlantic Coast Line is composed now of the Richmond
ing the 50 miles of narrow-gauge load prior to 1883 (which J Fredericksburg & Potomac, the Richmond & Petersburg, tho
during the year 18S2 was widened to standard gauge). The 1 Petersburg, the "Wilmington & Weldon, the Wilmington
income account includes all lines, the difference in net earn¬ C- iumbia & Angus1 n, and the Northeastern railroads and con¬
ings i«i 1881 and 1882, as stated, being due to a deficit of $9.(100 necting .lino. Mr. Harry Walters, of Baltimore, is General
in 1881 and a profit of $50,715 in 1882 on the narrow-gauge Manager of all these lines, and Messrs. William T. Walters and
B. F. Newcomer are among the leading directors.
The Wil¬
road.
FISCAL RESULTS.
mington & Weldon Company will on June 1 formally lease
1881.
1883.
1882.
1881.
the Wilmington Columbia & Augusta road, and the Wilming¬
389
389
389
365
Miles ope:aod
ton & Weldon Company will also this month commence the
$
$
$
$
construction of a line of seventy miles from Wilson to Fay¬
Earnings—
5T 2,4 3
427.173
501,256
391,199
Passenger
etteville, N. C.”
1,646,1(51
1,376,251
1,157,423
1,026,»>55
Freight
203,769
141,765
118,603
85,361
Mail, express, <fcc
Atlantic & Pacific.—The annual meeting of stockholders
was held in Boston
The following directors were
May 21.
2,422,443
2,016,212
1,703,199
1,503,215
elected: Henry C. Nutt, W. C. Strong, I. T. Burr, C. P.
926,875
1,691.594
1,321,717
76^,747
Operating expenses.
8 6,950
85,97(5 Cheney, A. W. Nickerson, Walter L. Frost, George O. Shattuck,
76,750
Taxes
61,704
L. C. Wade, of Boston ; Jesse Seligman, C. P. Huntington,
1,407,093
1,178,541
830,451
Total ex; ernes
1,003,625
Edwin P. Winslow, Brice Gray, Willi: m F. Buckley, of New
837,668
1,014,750
699,574
Net earn ngs
672,764
York. At a subsequent meeting of the directors Henry C.
58-11
58-45
56*0
552
P. et.op.cx.tjiaingh.
Nutt was re-elected President; C. S. Tuckerman, Secretary
in
...
and Treasurer.
INCOME ACCOUNT..
1881.
$
$
83. ,668
1,011,750
25,966
750,319
15,051
.....
27,395
689,867
765,370
837.668
1,042,145
$
663,901
Receipts—
Net earning b.
Interest, Ac..
Total income
1884.
1883.
1882.
$
"
$
Distans* incuts—
Intel esi on bon is
Lea-ed lines interest..
K. C. 8 A M. iimport’n.
line! o.-t; ml principal
F.8.
200,659
125,536
equip, bonds...
312,700
Dividends
Rate paid on tom
I)o
pref
Sinking fund
Miscellaneous
Total disbursements.
Balance, surplus...
162,629
6,222
$
173,203
Is 1,003
25,669
359,360
359,364
$
*
.182,956
< >
•>
8
8
$
166,081
20 L 1 23
70,212
102.661
47 5,576
5
3
8
2‘’,330
2(>830
5,2 11
2,758
666,866
7-10,6 >5
26,001
21,715
8
21.176
24,260
1,421
3
s
1
1.046,213
767, t:o
70,218
dcf. 4,069
Little Reck A Fort Smith.
{For the year aiding Dec. 01, 1881).
The annual report says that the bridge aer< hs the Arkansas
River ai Little Rock w; s so far cm; lea das to admit of
tiains crossing over it in December, tin rc-h\ uniting the road
s
Railway,
with the Lull!e Rock
MisMsGpj i fi v c] A T(
\k
rk.
iiiEc-s City,
to
m
;u
formii g practically;! line lnm 1
At
N« w OrJe:
s
’oil v\ av,
width will be h.itber extended
“I.< is*; viiie
w
C)i h m.s & Texas
burnt h In m tit t i\ ad. nov in
ecu
5
cm
ph ted to Ai l-ai.sa> CiQ
>1'
iay.
it can harojy fail to aod man:
road.” ri 1 e c< nstna ti-n recount
,
l
the
to
h..s 1
of c<
11 i 1 t.h
ru ■is
i.s
via
.
the
hthe
n;- tnict-ion, is
icon
;
rough fine
!(•< ■( d
ic Vl
;
p:isiiod.
in-
LAND DEPARTMENT.
$78,000 bonds, making a total
$450,0u). There are outstand¬
ing contracts, in- hiding inuiest duo at maturity, amounting
to $597,152, and 042,203 acres of kind uncold, applicable to the
extinguishment of the bonds?.
The 1 pus tecs have canceled
cancellation to Jan. 1, C85, of
KARM.NOS AND EXPEN6ES.
1382.
Miles of road
o
168
era ted
$
Eat
iiinijs from—
PasHMlgCiS
171,964
Mail, express, Ac
Total
Opcrai
Net
earnings
ng expenses
earnings
1583.
..
$
194.341
ms ‘6o
40.457
70,77 0
539,133
573 491
301,940
335,201
238,290
appointed G. Clinton Gardner, of New York (President of the
company), receiver, in a suit of Kinsley against the Buffalo
New York & Philadelphia Railroad Company.
—It is stated that the foreign holders of the bonds of the
Buffalo New York & Philadelphia Railroad, who have hereto¬
fore been represented by the Frankfort Committee, have
appointed Carl Schurz to represent them in this conntry.
There are said to he about $8,000,000 of these bonds in the
hands of foreign holders.
Canadian Pacific.—The last rail has been laid on the Lake
Superior section of the Canadian P;v ific Railway, and General
Manager Van Horne says that British troops can be trans¬
ported from Halifax to Vancouver, British Columbia, by the
Canadian Pacific in clev
days.
en
Central Pacifie.- A corrected official statement of earnings
and ex if uses of tht Central Pacific Railroad Ooinpunj' for,the
mont h of January, February and March, 1885, compared with
1884-, is
as
follows
:
Cross
Optra lira/
Xet
Et; fns s.
Earnings.
$5 23,007
3 72,793
Earntugs*
.Lin nary
l-Yhi ual'V
March: A
Ti't:«1 3 months 13-'
Same iism* ia l>8 4.
of our
‘2.5-0
incn*a.‘-en
by tie building of L e Coal Hill load, in vestment in fury boat
at Ai IvL i*St<S Chy, wnt- r stations-, cars, etc.
e( n
Buffalo New York & Philadelphia.—At Pittsburg, May
20, in the United States Circuit Court, upon application of
Edward W. Kinsley, of Massachusetts,
Judge Acheson
.
$J .570,755
$ 1,6 1'."18
1,3 f 5 i, 6 8
l.i, i.3 3 /
’.-9 1,8.:5
1,6-5,1 3
$87,721
$1.2 9 8. CC 6
$ 51 .4.756
$ .1 12,762
-i,.525,1 41
Inc.
392,214
3.7..6,3
Dec.
'
588,6 19
l
$611,6 4
Inc.
$699,356
Chicago;—The gross
March, and for the nine months from
1, in 1883-84 and 1881-85, have been as follows:
Cincinn tti fmliannpnlis St. Louis &
and net earnings in
July
-Tuh/1 to April 1.1 -84-85.
lS“v’-S L
$1
1 9,st5 $ 1,042,314
--March.
1-85.
Opera ing expenses
11.',TOO
$2 21,186
132,501
Net earnings
Fixed charges..
$88,i:o
$88,085
50,083
50 000
Gross earnings
$201,150
1,221,834
$-.5 i 8 9.) L
454,061
$720,509
449,126
$191,837
$271,383
Connecticut Central.—In the matter of the petition of
$
the stockholders of the Connecticut Central Railroad that
188,522
the New York & New England Railroad be joined with
44
4 68
the State Treasurer in an action for the foreclosure of the
55,( 81
Connecticut Cential mortgage, Judge Andrews, at Hart¬
589,071
ford, decided against the petitioners on the ground that their
313,489
remedy is found in the terms of the lease*of the Central to the
^
145,582 New York & New England.*
1884.
Surplus
$38,3 >7
$38,0-5
'108
y
Louisville & Nashville.—The recent decision of the United
States Supreme Court in tiie Tennessee bond cases released to
the Louisville & Nashvdle comp my $300,000 of Henderson
division bonds which had been locked up under an option
since 1879.
The delivery of these $800,000 bonds by the com¬
Rock Island & Pacific.—The usual preliminary
etatement published by this company gives the following
summary for the year ending March 31, for three years past:
Chicago
1883-84.
1882-83.
$12,535,515
7,208,002
$12,189,903
$5,016,600
$5,237,513
$5,0 80.086
i,594,600
1.481,256
$3,452,0 0
$3,756,257
330,000
470,00 )
$?,782,000
$1,226,257
2,937,186
1884-85.
$ I2,2u6,900
7,160,300
Earnings
Expenses
Net earnings
Fixed charges
625
THE CHRONICLE.
1885.]
May 23,
and miseell’s.
Balance
Land Department......
Total
2.937.186
Dividends
7,199,817
reduced the loans of the Louisville & Nashville company
outstanding to $350,000. In view of the improved condition
of the property the directors have thought it advisable to
1,401,958
recover a portion of last year’s issue of 10-40 bonds, and have
$3,678,128
560,000 completed negotiations for return to the company of $2,000,000 of these bonds, held on an option which would not have
$1.23^,128
2,937,186
pany
i
terminated until October next,
As to the sinking fund of the
general mortgage, under the
provision contained in the mortgage the company had the
Surplus
Taxes are included in expenses.
This year’s operations show right to pay the instalment due in June, 1885, in general mort¬
gage bonds of the company at 110. the price at which they
a decrease of $323,015 (2'0 per cent) in gross earnings and of
would have been drawn, and on the 11th inst. the company
$190,913 (3'7 per cent) in net earnings. The dividends were 7 delivered to the Central Trust Company, trustee, 124 of the
per cent in each year.
general mortgage bonds of ihe Louisville & Nashville Railroad
Connotton Valley.—A meeting of the parties to the agree¬ at 110, amounting to $130,400, the amount due the sinking
ment for tiie reorganization of the Connotton Valley Railway fund being $135,971, thus leaving $429 to its credit.
$! ,289,071
$-41,814
$1,300 942
and for the re-adjustment and capit dization of its
Missouri Kansas & Texas.—At Parsons, Kan., May 20, the
will be held at the office of the General
annual meeting was held, and the following were elected
Manager in Cleveland, June 24, to elect directors, decide upon
directors : Jay Gould, Sidney Dillon, Russell Sage. George J.
a corporate name, and otherwise reorganize the company.
Forrest, Samuel C. Sloan, A. T. MeCreedy, A. L. Hopkins, A.
Elizabeth City Debt.—An ordinance has been passed em¬ G. Dill
man, Thomas T. Eckert, Thomas P. Pearsall and R. M.
powering the fiscal agents to settle the city debt at 50 cents on Galloway of New York : Fred. L. Ames of Boston, R. S.
the dollar, with 4 per cent interest to date back from Jan. 1,
Hayes of St. Louis, C. H. Pratt, Humboldt, Kansas; H. C.
1885. It is understood that nearly all the large creditors, ex¬
Cross of Emporia, Kansas, and David Kress of Parsons.
cept the Singer Manufacturing Company and one or two
Nashville Chattanooga & St. Louis.—The gross and net
others, have acceded to this arrangement. Under the terms
of settlement creditors not accepting same before July 15, earnings for April and for the ten months since July 1
have been as follows:
1885, will forfeit six months’ interest.
April.
s,—10 mos. July 1 to Apr. 30—*
Fitchburg.—Shareholders of record May 1G are privileged
1885.
18J4.
1884-5.
1883-84.
to subscribe at par lor .one share of new stock for every 20
Gross parsings
$165,381 $l'i8,167
$1,925,523 $2,0’9,379
held—subscriptions to close June 22, and payment to be made Operating expenses.. 105,642
116,019
1,116,706
1.115,747
June 25.
The above will increase the capital stock to $5,200,Net
$5',739
$72,118
$808,817
$903,*32
000, not including the amount required for the consolidation Interestearnings
an<I taxej
56,417
55,<>28
5 9,610
552,735
Company,
debt and stock,
,
The iafct-r addition
with the Boston Barre & Gardner road.
to the stock does not become dividend-paying until 18S6.
Indianapolis Bloomington & Western.—At Indianapolis,
meeting of stockholders was held.
Mr. J. D. Campbell, general solicitor of the company, came
our from New York an l cast all the votes
by proxy in favor
of the old board of directors.
The directors, Austin Corbin,
Alfred Sully, J. Rogers Maxwell, John L. Farvvell, Charles
Stanford, Robert K. Dow, George E. Leighton, Henry W.
Maxwell, Frederick W. Dunlon, Fred. W. Peck, James K. O.
Sherwoo l, James E. Edmunds and Jose oh Dorr will meet at
an early day in New York, and will re-elect the general offi¬
Ind., May 12, the annual
cers
of the company.
Lake Erie & Western—Lake
Erie & Mississippi.—A press
dispatch from Springfield, Ill., May 20, said the Lake Erie &
Western Railway Company, which owns and operates a line
of railroad from Sandusky, O., through Muncie, Ind., to
Bloomington, Ill., has filed articles of consolidation with the
Lake Erie & Mississippi Railway Company, which extends the
former line from Bloomington to Peoria, taking the name of
the first-named company, with a capital stock of $8,720,000.
The first hoard of directors of the new organization is as fol¬
lows : C. R. Cummings, Chicago ; J. II. Cheney, Bloomington ;
E. H. R. Lyman, Brooklyn, N. Y.; C. S. Brice, Lima, O ;
Daniel Eels, Cleveland, O.; John T. Martin, Brooklyn, and A.
M. White, Frank C. Hollins, Wm. Fieiss, Nelson Robinson
and Arthur J. Molton, New York.
Lake Shore & Michigan Southern.—The quarterly state¬
ment of this company to March 31, 1835, is given below with
the returns of other railroads to the New York State Commis¬
sioners.
The figures show that in this, the poorest quarter of
the year, the road lacked $03 003 of earning its fixed charges,
but in the same quarter of 1881 the deficit was $500,434, on
account of the payment of $989,330 for the two percent quar¬
terly dividend. The condensed balance sheet is given as of
March 31 in each year, and shows that tiie gross floating debt
a year ago-was $ 1,011,533, and the net floating debt $3,153,813.
Now the gross floating debt is $2,823,595 and the net debt
$1,570,154, a decrease of $1,582,059.
This re luction must
have been made either by appropriation of earnings or by
increasing the funded debt, which appears $3,250,000 larger.
This increase is partly off-set by the reduction of $1,582,059
in floating debt and the expenditure of $1,420,497 invested in
new
securities.
'
Comparison of the balance sheet March 31:
Supplies
on
nanrt
Hue by agents
and others
..
1385.
1881.
$84,00o,«:00
13. i 32.691
4,85 V*)35
9*0,968
1,110,970
$8 l,006,000
11,766,194
4,850.898
1,221,177
7 5 *.059
277,987
108,666
271 >,605
$104,140,025
$102,913,596
143,471
Valley Railroad
Total
Liabilities.
Common stock
Preferred stock
Funded debt
Interest due and accrued
Dividends unpaid
Due for wages and supplies
Profit and loss (surplus)
Total
$17,120
$229,207
$350,897
New York Lake Erie
Western.—The General Term of
the Superior Court at Cincinnati has heard argument in the’
suit of George Ilofer, representing stockholders of the Cincin¬
nati Hamilton & Dayton Railroad in the pool agreement, to
restrain Hugh J. Jewett from transferring to the New York
Lake Erie & Western Railroad Company a proxy for a
majority of the Cincinnati Hamilton & Dayton stock, or the
New York Lake Erie & Western Board from voting such
proxy, if the transfer is made.
Benjamin H. Bristow repre¬
sented the New York Lake Erie & Western, and stated that
as the annual meeting of the Cincinnati Hamilton & Dayton
Company occurs on June 10, a speedy hearing of the case was
of more importance to his company than the question of how
it is to be decided.
Its officials would consent to the annull¬
ing of the whole agreement or to its being continued, but
they would not consent to an order restraining them from
voting the pooled stock, but allowing Mr. Jewett to vote it.
Mr. Jewett acquired the proxy by virtue of his relation to
their company; that relation has since been severed, and Mr.
Jewett is now hostile to their interests.
Counsel for the com¬
plainants refused to consent to any order placing Mr. Jewett
on the same basis as
regards the pooled stock as the New
York Lake Erie & Wes’ern Company, and a hearing of the
case therefore became necessary.
No decision was reached.
—The balance sheet of the New York Lake Erie & Western
Railroad Company on March 31, 1885, was returned as follows:
OCX 12HAT. BAI.VNOH SUKKT
MARCH
31, 1885.
Assels.
'Yst of road and equipmentConstruct ion <4 hr.nu ll lines
Sti»< ks and bonds of other companies
,.
Amount, paid on account of equipment
•bippdes of) band
Hills receivable
Due by agents < f 'this company on account of trnflii*.
l me bv ot her- (not ng-tits of til is < \ >.) on acc’f of tiv. f Vi < *...
Duo bv Co.’s aud individuals (on open accounts other than
t radii)
( 'ash on hand and in London
Discount on-R’ocks ami bonds and expense of extern,ing
X Y. At. L. Kit. third mortgag • bonds
The. estate of ’he Erie Railway Co
riiicngo & Atlantic Kaiiwmv Co. —Advances
New York L. 18. &.W. Coal & it
Co.—Advances ....
New York L. E. «& W Ducks A fmprovem’L Co—Advances.
Ad van cca to o filer companies
$12.CS0,984
6 .5,909
3.577,135
2,398,502
l.Ol'-',743
97,672
983, 432
1,071,343
1,07',758
14 1,729
939,918
150,310,704
1.8 *9,843
1,97,;, -96
4 3 ',863
1.2o‘/,937
$189,625,675
Liabilities
Cash
Advances to
$2,3 22
Surplus
Total assets
A 8fit Is.
Cost of road and equipment
Stocks and bonds of other companies
Other permanent investments
...
1835.
1881.
$19,166,500
533,50 >
47,716,oo0
605,255
$ 19,466,500
533.500
44,466,00 J
980,350
3 022.208
2,219,340
3.899,1*9
4,406,057
$104,440,025
$102,913,596
$7",19°,600
8,149,800
'apifal stock, common
Capital stock, preferred
Fund 'd dcbt,r
Loans and MID payable
In crest on funded debt due
Dividends unpaid
Due for wage*,
Due companies
Due companies
7.>,2o*,485
3,27o,022
supplie <fcc
aud individuals (<>n open accounts)
,
and individuals on acct of traffic
Rental t-of leased lines, &e
Assessment, interest and profits on E ie
Sinking fund re-orgauizattou--First lieu
Sundries
Profit and loss (surplus)
Total liabilities
New York
3,41-8,409
and aeetuod
R’way Co. stock.
bonds
7,638
2,263,378
8 9A321
797.872
6 .m,325
3,2C4,451
190,0<)0
31,180
5.364,691
$180,625,675
is a
New York Susquehanna &
Susquehanna & Western.—The following
statement of the operations of the
Western for the month of April :J
THE CHRONICLE
626
1885.
Gross earnings
Operating expenses
Net
1881.
$90,331
50,473
$82,278
55,365
Inc.
Dec.
$39,857
$26,913
Inc. $12,944
New York West Shore & Buffalo.—The
$8,053
4,892
Colgate-Hewitt
[Vol. XL.
Postal Telegraph.—The Times reports that a scheme for
the reorganization of the Postal Telegraph Company has been
prepared, and invitations to
a conference have been sent to the
holders of bonds that have been in default since Feb. 1. The
officials of the company declined to make public the exact
terms of the scheme, but from other sources it was ascertained
‘•that the proposed plan provides for a surrender and cancella¬
tion of the first mortgage bonds now outstanding, an issue in
their place to be made of $3,500 new stock for each $10,000
bonds so surrendered. For each 100 shares of stock of the
committee, representing the interests of first mortgage bond¬
holders, and proposing to gain everything for those holders
which the complicated circumstances permit, have now sub¬
mitted important modifications of their first plan, published in
the Chronicle of April 4 on page 425. These modifications
embrace all the main points where amendment seemed neces¬ Postal Telegraph & Cable Company five shares of the new
stock will be issued, and two and one-half shares for each lot
sary, as then suggested by the Chronicle, and the rights and
of
100 shares of the old Postal Telegraph Company’s ^tpek.
interests of first mortgage bondholders appear now to be as
well protected as they practicably can be. It is also to be These changes will all be carried into effect in case there is no
observed that the stockholders of the West Shore Co. are unexpected opposition on the part of the bondholders, which is
required to take $1,000,000 of the new first mortgage bonds at not anticipated, as the proposed scheme has met with the appro¬
par and pay cash for them, and they have to reduce their val of several of the largest holders of the ‘Postal’ securities.
foldings of old stock by one-half (to $20,000,000), leaving full It is also probable that President Jolm W. Mackay will advance
control of the new company with the present first mortgage or contribute sufficient ready capital to enable the company
men.
It is possible to suggest a hundred plans by which the to carry out the plans projected for its extension and relieve it
first mortgage bondholders would (on paper) get more than from any monetary embarrassment.*'
Railroads in New York State (Quarterly Reports.)—The
they do by this one, but in such suggestions the two great
facts of the situation are overlooked—first, that the affairs of following abstract,
showing the operations for the quarter
the company are so mixed and the legal
complications so ending March 31 in 1884 and 1885, has been specially compiled
great that any possible plan brought forward is sure to meet for the Chronicle from returns made to the Railroad Com¬
with opposition from some quarter ; and, secondly, that to the missioners.
*
-Luke Sh. «t Mich. So.—.
AT. T. it New EngVd.average e on-speculative holder of West Shore bonds, who
1885.
1884.
1885.
Receipts—
1884.
does nothing on margins, it is of the utmost importance
that Gross earnings
$3,68 4,022
$711,420
$735,631
the company’s affairs should be settled speedily. Any further
Operating expenses... 2,209.478
2,200,145
499,229
651,756
delay and litigation is to be deprecated, both for the interests
Net earnings
$1,483,577
$212,191
$83,875
of bondholders and the general welfare of the stock market.
Income, other sources.
20,245
23,380
Let bondholders consider seriousl}* whether they had better
Total net receipts
$1,483,577
$232,436
$112,255
Deductions—
accept this committee’s plan devised mainly in their inter¬ Interest
on bonds*....
$843,867
$818,555
$244,950
$226,239
ests, or whether they had better hold out for the sake of fight¬ All taxes*
390
129,000
130,386
348
Rentals*
ing, and have some new “ plan” suggested every week during
110,332
111,612
28,927
16,353
—
’
-
the balance of this year.
The committee’s circular is
Miscellaneous
as
follows
NEW YORK WEST SHORE & BUFFALO
Total deductions..
:
RAILWAY4COMPANY.
l’LAN OF REORGANIZATION.
The
plan agreed
by the two committees (Colgate and Hewitt)
still contemplates the acquisition of the whole property from Weeliawken
upon
to Buffalo
T110 modifications are substantially as follows:
First—The first mortgage is reduced to $20,000,000. and in case the
terminals are not purchased, to $15,000,000.
Second - Provision is made for the further issue of first
mortgage
bonds to the extent of $5,000,000, if deemed
necessary bv the new
company, after one year has elapsed from its organization: but this
issue cannot be made without the approval of two-thirds of the
holders
of the second mortgage bonds and first preferred stock.
Third—The old llrst mortgage bonds are
exchangeable into the new 5
per cent second mortgage bonds, amounting to $50,000,000; these
bonds are convertible into first preferred 6
per cent stock, and possess
voting power; $5,000,000 of such preferred stock is issued to the holders
of the bonds in liquidation of interest. Interest and dividends are
pay¬
able to the extent earned in any one year, and are not
cumulative.
Fourth—Common stock is issued one share of new for two shares of
old stock, on the payment of an assessment of
$5 per share of new
stock, for which payment certificates will be issued, redeemable in first
bonds
mortgage
at par.
Fifth—No obligation is imposed to purchase the
terminals, but if the
terminals are purchased upon terms satisfactory to the
committee, pay¬
ments may be made either wholly or in
part in ‘the first or second mort¬
gage bonds, and so far as the latter arc required for this purpose, the
amount of the second mortgage will be increased.
From
H. D. Bulkley, Secretary.
Northern Pacific.—It has been only a few weeks since
20,600 acres were sold to some Ohio farmers who will cultivate
about one-quarter of the amount
during the
present year. It
reported that the company has sold at $3 50 per acre
some 69,120 acres of land east of the Missouri
River, payable
in preferred stock.
is
now
Ohio Central.—Receiver Martin of the Ohio Central is
ported in
re¬
Toledo dispatch as saying regarding the Ohio Cen¬
tral Hocking Valley negotiation: “ There is no doubt that the
deal will be consummated, probably some time in
July.
The
reorganization committee favors it, the bondholders favor it,
and I think, in fact, all favor it on a basis of
economy, except
those who own Ohio Central terminal
facility property. There
will probably be no change in the manner of
operating the
roads; they will be run separately, and the only thing will be
the same parties who control the Hocking Valiev will control
a
the Ohio Central.”
Philadelphia & Reading.—At latest accounts the repre¬
sentatives of the Bartol and the Whelen committees had been
unable to agree on the trustees under the new
plan of reor¬
ganization of Reading.
—It is understood that arrangements have been made for
the purchase of the interest maturing June 1 on the C and 7
per cent consolidated mortgage bonds of the Reading Railroad.
This interest amounts to $017,575, and it will
probably be paid
on that date.
Pittsburg Fort Wayne & Chicago.—The following com¬
parison of the business of this important line of the Pennsyl¬
vania system is interesting :
Gross earnings
Operating exi>euses
Net earnings
Other income
Net income
Paid Cleveland A
Pittsburg.
Balance
interest, dividends, &o
Surplus
Balance
1884.
1883.
Decrease.
$9,164,041
6,034,889
$10,844,357
6,916,609
$1,680,316
$3,129,152
$3,927,688
40,272
121,293
$3,169,424
$1,048,986
261,949
301,467
$2,907,475
$3,747,519
2,902,700
881,780
$798,536
81,026
$879,562
39,518
$1,060,553
r-Ilome ir«(. f} Ogdens.—.
1881.
1835.
Rcceip's—
Gross earnings
Operating expenses...
Rochester <£• Piltsb'g
1885.
1884.
$257,070
$ .'27,896
224,437
$3,459
$92,060
$32,259
$587848
$3,459
$123,833
23,455
$68,373
44,119
$86,357
3,197
13,800
$39,543
6,363
29,675
514
5,815
257,988
$72,704
earnings
Income, other sources.
Total net receipts.
198,222
$38,348
19,356
~
Deductions—
Interest on bonds1....
All taxes*
Rentals*
10,375
Miscellaneous
$157,1363
Total deductions..
Balance
$242,940
$324,903
242,644
$32,259
$330,692
Not
*
$274,273
Def.$62,606Sur$423,024 Def.$il,837 Df.$130,685
Def.$65,603
$L12,492
$103,868
$31,396
>3f.$30,233 Dof.$45,020 Def.$77,937
Pioportion for the quarter, whether paid or not.
South Pennsylvania.—At Harrisburg, May 20, at a regular
meeting of the South Pennsylvania -Railroad Co., Robert
H. Sayre was re-elected President and the
following were
elected directors: William H. Vanderbilt, William K. Van¬
derbilt, II. McK. Twombly, William C. Whitney, Henry F.
Dimmock, George J. Magee, Franklin B. Gowen, George de
B. Keim, D. Hostetter, James
Duffy, Lyman D. Gilbert, Wm.
T. Sanger.
Union Canal, Pa.—At the public sale of this canal in
Philadelphia, it was knocked down to Thomas Hart, Jr.,
representing the Reading Railroad Company, for $6,000.
Union Pacific.—A circular in the form of a petition to the
directors has been handed around for the signatures of stock¬
holders. The signers of the petition express their belief that
the company is perfectly able to place its stock on a dividend
basis, “ it having been clearly proved that the road could earn
cent on its capital during a period of unprecedented
depression in railway traffic.” It is suggested that the
directors offer to the stockholders at a fair price the Kansas
Pacific Consolidated, the Oregon Short Line 63 and the St.
Joseph & Western bonds as a means of extinguishing the
floating debt,
t
In reply to the circular letter to which signatures were in¬
vited, the income bondholders of the Kansas Pacific Railroad
sent a letter to the Union Pacific Board protesting
against any
payment of floating debt or dividends until the overdue inter¬
est on the income bonds should have been
paid. The bond¬
holders refer to their long waiting, to the violation of their
trusts by Russell Sage and Jay Gould, as trustees of the
gen¬
eral mortgage bonds, and to the continued withdrawal of
securities from the trust. The petition concludes in these
words: “We doubt not that your Board will concede the
injustice which has been done to us in every direction, and
will not permit itself to be prevailed upon by
designing parties
seeking to create a temporary price for the stock without
regard to just liabilities.”
—Land sales for April and since January 1 have been as
six per
follows:
April.———\
,
1885..
Union Division
Kansas Division
.
.
Total
188 4.'
Union Division
Kansas Division
3,010,800
$840,044
144,100
Total
$700,719
$395,944
Decrease in 1885.
.
.
.
.
Acres.
Proceeds.
30,389
12G.5SG
$48,137
422,911
150,975.
—4 Mos. to
Acres.
18 7,208
April 30.-^
Proceeds.
$332,077
221,916
814,092
$491,049
409,125
$1,146,170
277,179
42,426
$623,427
857,936
198,042
128,8 32
$2,047,814
592,923
319,60 i
$826,470
986,788
$2,640,737
162,631
$635,421
577.663
$1,494,567
Mat 23,
627
THE CHRONICLE.
1885.]
(&0xmmxtml
COMMERCIAL
COTTON.
jinxes.
Friday, P. M., May 22, 1885,
EPITOME.
Friday
Night, May 22, 1885.
seasonable, giving a great
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (May 22), the total receipts have reached 7,429
bales, against 9,413 bales last week, 8,633 bales the previous
making the total
receipts
since
the
1st
of
September,
1884,4,694,397
bales, against
impulse to the growth of vegetation, which was somewhat
4,743,533
bales
for
the
same period of 1883-84, showing a
backward. There are, however, complaints of drought in decrease since
September 1, 1884, of 49,136 bales.
some sections, exposing the crops to a fresh danger, which
Mon.
Fin.
Sat.
Tues.
Thurs.
Wed.
Total.
Receipts at—
early and copious rains are needed to remove. Speculation in
40
53
94
409
85
36
717
leading staples of agriculture materially decreased early in the Galveston
34
34
Indiaiiuiit,
<sc.
week, and prices made some progress towards adjusting them¬
205
New Orleans...
794
726
254
280
200
2,459
selves to the more legitimate influences of current supply and
56
4
25
4
8
98
1
Mobile
demand, Something of a “corner’’ on May contracts for Florida
2
2
19
Indian corn was the only irregular feature that appeared. But Savannah
3S4
2
5
24
540
106
Brunsw’k, &c.
on Wednesday the re-appearance of the war cloud in Europe
2
14
25
47
201
12
101
Charleston
began to be felt, especially in the grain markets. To-day the
12
12
The weather has become more
speculative movements of yesterday were not sustained, and
commercial circles were again unsettled. Labor disputes are
numerous in various districts, but are nowhere serious.
Lard futures have been
way,
there
comparatively dull in a speculative
but without further decline in prices until to-day, when
was
a
decided reduction, closing at G*96c. for June,
7*07c. for
July. 7'16c, for August and 7*20c. for September.
Spot lard is also lower, with more doing, closing at 6*70c. for
prime city, 6*97t£c, for prime Western and 7* 15c, for refined
Pork is dull and nearly nominal at $12@
for the Continent.
$12 25 for mess, $10@$10 50 for extra prime and .$13
$14 25 for clear. Pickled cutmeats have been depressed and
unsettled, closing more active ; hams 9@91^c., shoulders 4;£
@5c. and bellies 5%@5%c. Smoked hams are quoted at 10J£
@llc. and shoulders
G^gC. Beef is dull, and quotutions
for India
further reduced to $24@ $20 per tee.
Beef
hams are quoted at $10 per bbl.
Tallow is again lower,
selling moderately at 5^c. Oleomargarine is quoted at 6;8@
7c, Butter has been fairly active, but closes weak ; new
creamery 15(^23c,, Western factory 712c.
Cheese is lower
mess are
4K@8i£c. for new State
slaughtered at eight Western
1,084,465, against 852,719 at
sponding period last season.
at
summary
factory. The number of swine
towns March 1 to May 16 was
the same towns for the corre¬
The following is a comparative
of aggregate exports from October 27 to May 16
1881-85.
Pork
Bacon
Lard
tbs
30,015,000
Lbs. 252,074.440
lbs. 162,035,771
Rio coffees have continued
to
:
1883-34.
•J3.119.800
2.03,345,110
114.292,534
7.41)5.200
Im\
Inc. 49.129/330
fuc. 47,743,237
advance, and to-day fair
car
goes are quoted at 8L4c., with options dearer and showing con¬
siderable activity, closing at 6*95c. for June, 7* 10c. for August,
7*25c. for October and 7’35c. for December.
Mild coffees are
week and 14,746 bales three weeks since;
Pt. Royal, &o.
Wilmington....
....
....
....
...
....
....
....
•
....
....
....
....
....
1
Moreh’d C.,&c
Norfolk
....
....
....
129
127
123
....
....
West Point,&c
91
Boston
50
Baltimore
.
-
-
Philadelp’a, &c.
85
•
....
1
297
l,369l
Totals tills weeki
5
....
New York
.
.
369
91
42
460
895
895
1
S22
2,150
7,429
....
720
989.
369
,
....
....
523
3
710
....
56
41
16
3
....
....
..
....
307
24
1,230;
021
10
....
....
.
.
....
...
....
186
.
....
mm9
For comparison, we give the following table showing the week’s
total receipts, the total since Sept.l, 1884, and the stock to-night,
and the same items for the corresponding periods of last year.
1834-S5.
Receipts to
This
Man 22.
Galveston
Week.
;
Sep.
1, 1834.
Th is
454,931
34;
10,831
2,459 1,506,176
Ind’nola,tfcc
New Orleans.
98
Florida
Savannah....
2;
540
77,533
719,508
Br’ow‘k,3cc.
|
Charleston...
201,
9,747
510,294
Sep.
587,023
1,716 1,503,411
314
2
509
251,763
42,354
710
W.Point,Ae.
New York...
869;
Boston
460!
9,620
547,112
282,057
67,841
81,599
930
^95’
39,807
17
28,349
*22
4?,2-11
837
53,110
3!
M‘headC.,Ac
Baltimore
j
91;
...
Pliiladera.dio;
In order that
17
93,547
7,429!4,G94.397
Total
comparison
5,463
5,178
93,513
12,287
115,217
7,735
5
52S
11
513
24
3.484
649,555
Norfolk
1-6
274
7,240
12:
Pt.Royal.Ac
1334.
8,472
8,059
415,236
13,638
91,651
12,579
573,673
220,171
106,926
176,228
Wilmington..
1885.
1, 1833.
300
j 228,233
Mobile
Since
Week.
717;
...
8toch.
1833-34.
Since
may be
m
m
m + m
4,118
3,309
710
1,834
......
......
3,950
1,866
31-5,763
7,559
323,831
7,160
6,14.3
8,997
464,861
453,345
.m
6,310
•8,67lj
5,8634.743,533
made with other
give below the totals at leading ports for six
1,975
.
years, we
seasons.
held higher
but quiet. .Raw sugars have further advanced 1 J3c.; Receipts at—
1385. '
1333.
1831.
1882.
1831. | 1830.
good refining grades are quoted at 5(u 5qc., and to-day
751;
Galvest‘n,«fce.
1,137
300;
5,836,
1,296
4,044
there were sales of five cargoes of centrifugal on the spot New
Orleans.
1,716
10,154,
2,853;
7,302
5,845
2,159;
and to arrive at 3L2'((|)o'c.c.
311
Refined sugars rule firm at Mobile
9S
*09
507
1,456
633|
Savannah....
540
509
6@6^c. for standard •* A” and 6/8@7c. for crushed. Molasses
3,490j 1,335; 4,760 1,011
271
213
3,310
660;
1,820
is held higher at 19c. for 50-degrees test. Teas have continued Cha-iTsfn, Ac
709|
10
265
Wilm'iit'n, &■*,
372
86
335j
quiet.
330
Norfolk,
1,079
2,103
4,584
7,508
"•797;
The market for Kentucky tobacco during the past week has AH others&e..j!
o—/V
-I-"U
10,551
2,350
1,216
11,023
5,850
been rather inactive, the sales amounting to no more than 425
this w’k.j
Tot.
33,539
13,031'
23,764
7,429
5,£63
36,851
hhds., of which 359 hhds. for export, mostly to Spain. Prices
remain firm; lugs, 6c. / 7 qc., and leaf, 7^c.@12c.
Seed leaf 81noe Sept. 1. 4691.397 4743^33(5793,760 1533,816 5530,13114739,442
shows no new feature, the demand continuing steady at full
Galveston includes Indianola; Charleston includes Port Royal, Ac.;
prices. Sales for the week are 940 cases, as follows : 250 cases Wi Imingtou includes Morehead City, &c.; Norfolk includes West Point,&c1883 crop, Pennsylvania. 9c.(t? 13c.; 100 cases 1882 crop, do.,
The exports for the week ending this evening reach a total
private terms: 290 cases 1881 crop, do., 6c.<« 11c.: 100 cases of 27,009 bales, of which 19,131 were to Great Britain, 2,091
1883 crop, Wisconsin Havana, private terms, and 200 cases to France and
5,*57 to the rest of the Continent, while the
sundries, at 5c.55)30c.; also 300 bales ^Havana, G0c.@$l 10, and stocks as made up this
evening are now 401,861 bales. Below
150 bales Sumatra, $1 20@ $1 60.
are the exports for the week and since
September 1, 1884.
The speculation in crude petroleum certificates lias gained
i
Week Endin'] May
strength latterly, and thehdose to-day is at So •get 80 :3c. (Oth¬
'j From Si.pt. i, 1834, to May 22, 1883.
erwise there has not been much change. Crude in barrels
Exports
Great
Conti¬
Total
Grcit
Conti¬
quoted at 6R(a 7l«c.; refined in barrels for export, 753@7;{4c.,
from—
Total,
Brit'.n. Fra nee nent.
Week. Britain. France
and in cases, 8)4(0) 10*4c.; naphtha. 6'8c.
nent.
Spirits turpentine
is held higher at 33c., and the speculation in futures has been Gaiveston
1.130
1.1301 157,048
3.609
04,145
230,4051
quite active, closing with a sale for October at 32) >c.f with New Orleans.. 1.580
1,000
2,530! 072.011 282,403 322,673 1,277,087
1
43,130
700
321^o. bid for August and 3lV£c. for June. Rosins are dull, Mobile
43,830
but fine grades held higher "at $2 40@$4 50, with strained Florida
!
3,585
3,585
Savannah
::::::
170,903 11,009 199,250 390,858
quoted at $1 08(5?$ I 10.
164,211 22,259 152,665 830,185
In metals, at to-day’s Exchange pig iron certificates con¬ Charleston *...
.51,822
14,040
65,863
tinued neglected, but closed steady at $15;q@$10:J bid, $10/8 Wilmington...
::::::
Norfolk)313,260
6,375
25,670 345,305
@$17 asked. Tin quiet, closing strong for spot at 18jq/@ 18’30c.; New York
13,042
4,443 IS,307
420,613 37,955 148,180 606,753
futures, 18*10(0)18)40.; five tons July sold at 18*20c. Tin plates Boston
50
2.237
2.2S7! 116,057
319
117,176
steadier at $4 17)^@4 25c.
Copper quiet at ll*40@ll)£c. Baltimore
014
501
1,278
117.552
3,050
10,308 160,910
for Lake, 10’65c@ 10’95c. for Orford. Lead steady at 3*60@
Philadelp’a,Ac
1(158
1,358
56,393
5,212
61,606
domestic. Spelter dull and easy at 4@4 30c.: domes¬
Total
10.131
2,021
973,374 3,642,517
i
fair to
..
....
00
o
■
......
...
...
.
•
tic nominal.
Ocean freights have been very dull and
is the nominal rate for grain to Liverpool.
27,000.2,290,703,372,350
at the close
2)^0,
Total 1883-84
20;035
3.351
t Includes exports from West
1.024
25.01
Point, &c.
o' 2,229.9*6*401.725
883.240 3.574.891
THE CHRONICLE.
628
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared,
at the ports named.
We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
[Vol. XL.
The Bales ^nd Prices of Futures are shown by the follow¬
ing comprehensive table. In the statement will 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.
& Lambert. 8‘J Broad Street.
©
O
Shipboard, not cleared—for
On
Leaving
22, at—
Mat
Or eat
Britain.
France.
2,89 L
1,106
6,200
3.090
None.
None.
None.
None.
None.
None.
None.
None.
None.
11,862
3,241
13,764
994
38,551
5,123
None.
Note.
None.
None.
Savannah
Galveston
Norfolk
New York
Other por;s
Total 1885.
Total 1884
Total 1H83
Foreign
3,241
4,556
New Oi leans....
Mobile
Charleston
Coast¬
wise.
Other
500
None.
500
1 989
9 9o6
3,284
5,468
2,344
311,063
19,778
200
None.
1 106
7.700
3,500
440,573
24,2 S3
1,294
4,891
tft©
P os
© 4.
82.231
12.287
3 618
11,282
None.
None.
None.
None.
1,500
©
® ©
*
1,9*2
18,729
7.320
r.i 2 On
speculation in cotton for future delivery at this market
during the first half of the past week was exceedingly dull
and the changes unimportant.
The transactions were among
the smallest recorded.
There were no active influences at
The rapid reductions of stocks at Southern ports and
work.
interior towns were counterbalanced by dull reports from
manufacturers, at home and abroad. Crop accounts as re¬
ceived at the Cotton Exchange were generally favorable,
although there was a repetition of excessive rains in the ex¬
treme Southwest, and the distant months—January for ex¬
ample—at times developed an appearance of special interest.
A sharp advance in this crop took place on Saturda}', how¬
ever, and whs due mainly to the confirmation by the Chron¬
icle of the reports which had been current regarding the
great reduction in the visible and invisible supplies in the
markets of the world.
A liberal business for export also con¬
tributed something to the clearer lutures. The failure of Liv¬
erpool to respond to our advance caused a partial decline on
Monday, and on Tuesday and Wednesday there were but
slight changes. On Thursday speculative manipulation caused
a sharp advance in this crop,
with June options a leading
feature, they having became dearer than July’s; but the close
was quiet.
To-day an e_,rly advance was followed by a free
selling movement, under which a slight d^ cline took place.
Still the final close is several points dearer than last Frieay’s.
Cotton on the spot has been fairly active for home consump¬
tion, but the export movement subsided with the transactions
reported on Satin day. On Thru sclay quotations were advanced
1-lGc. for Gulfs and }^e. for uplands and stained.
To day
there was no change, middling uplam s closing at 11c.
The totai sales for forward delivery for the week are 215,401)
bales.
For immediate delivery the total sales foot up this week
8,105 bales, including 1,100 for export, 2,005 for consumption,
for speculation and
bales
in transit. Of the above,
The following are the official quotations for
were to arrive.
each day of the past week.
The
©
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Sul.
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Total.!
....
200
Tran-]
sit.
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tl •liveries given
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1,195|
23.900
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200
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215
24.500
620
49.700
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30 0
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.
ft
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glance how the market closed on same days.
Sat.. Steady
Mon
Stonily
Tues |E.it i«*r
Wed i Easy
1-1
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MARKET AMD SALES.
CLOSED.
1
Cl M
1916
The total sale3 and future deliveries each day during the
week are indicated in the following statement. For the con¬
venience of the reader we also add a column which shows at a
SLOT MARKET
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59 4
None.
ouO
200
None.
None.
fast
Vi JO
Stock.
Total.
-
None.
SB
§m S5s|g-
0*0 00®
2.
©
©
©
©
•-j
i-i
St
i
1
:
11
1:
11
°°
o-j
1
1
•*
:
1:
1.
11;
II;
4*
<1
Includes sales in September, 18S4, for September, 153,200 ; Septem¬
ber October, lor October, 421,800; Septeiuber-November, for Novemlier,
*
582,200; September-December, for December, 907,800; 8eotember
January, for January, 2,114,loQ; September-February, for February,
1.959,200; Septembcr-Marcli, for Marcli, 2,294,100; September-April,
for
April, 1,738,500.
RP* We Rave included in the above table, and shall continue each
week to give, the average price of futures each (lay for each mouth
It
will ne found under each da v following the abbreviation “ Aver. ’ The
average for each month for the week is also given at bottom of table.
Transferable Orders--Saturday, 10 90a;; Monday, 10 90o.;
10 90c.; Wednesday, 10'90c.; Thursday, 11c.; Friday, 10-95C.
The
•05
•65
Tuesday,
following exchanges have been made during the week
j 04.pd. to exeh. 500 Juno for Aug,
pd. to exeli. 100 July for Aug.
pd. to exeh. 100 June for Aug.
j
Thursday evening. • But to make the totals the complete
figures for to-night (May 22), we add the item of exports from
the United States, including in it the exports of Friday onlv.
188 2.
1883.
bales
Liverpool
Stock at
9
42 800
58,000
27,000
.
lay of the past week.
959,0 60
2 7,060
961.000
.7,000"
CLOSING
Teel:
.
.
...
'•
1,100
2 14. ,000
177,000
5,000
.
49.360
48.000
1
14.000
5,000
65.0 >0
9 000
5,000
9,000
9,700
5,000
360,200
416,^00
371,060
366,20)
69,000
9,o00
e
B
Egypt
Stock
Total visible supply..
O ' tlir anove, tlie totals of
346,000
13 4.000
8.000
46 1,86 i
5 vans)
97,000
34,000
4s >,S45
405,000
61,721
525,205
110,351
8.000
461.86 L
57,949
7.1O0
4,7 v. 0
4,4 >0
7,40.'
is
Continental stocks
..
..
.
7 10.000
258.000
13 4.000
672,000
31.5,000
97.000
2 41,000
4 i5,00 >
46 4.861
48 >,8 45
52.5,205
61,72 4
4:7 60
110,351
710.000
2-53,0-JO
13 1,000
46 1 801
57,9 ti)
4,-ioO
7,400
o 1,631,269 2,0 63,956
1,662,210
275.000
5 s ,000
233,000
4 s,200
219,001
27,000
131,800
337,000
130 006
346,000
111.200
203,000
34,000
31,000
8,000
57,9 i9
..
7,400
to-day.
United 8tates exports
1
1
1
T—t
Liverpool stock
219.000
.
London stock
Tl
27,000
..
111,200
20,000
8,000
..
.
.
C3F* The imports into
37.000 bales.
574.203
10»13
te
%
1
10%
10%
10»U;
10‘^A
lo°ia
Boston
11
11
ll
1 i
Baltimore
li>78
107g
10%
16%
im
im
1050
fl
,!58
10 * <t q
-
^8
10
Cincinnati...
10%
K»h
10%
Louisville
10to
lo b2
10%
10
...
10%
10%
l
l
u
10%
10%
ill J4
lOUifl
%
u%
11
10%
ii%
10 % a
11%
10%
....
10%
1071P1
10%
10 V
1<»%
10 X w \
10%
10%
lObj
1 0;> i
10 b,
....
Krq
10^8
10^'
11’4
10%
10%
10%
10%
11'.%
19%
10%
%
10%
io h
10%
Receipts at the. Ports. St'knt Interior Tmnns.' RePids from Plant'ns.
1SS1.
"
13
“
2)
“
27
37.091
7 2,915. 30,113
66.527; 80.274
78,708
“
10
“
17....:
.
Continental ports this week have been
0S,7cU
49,870
1105,03342,035
| 80 9991 52,884
..
.*wU,
.May
figures indicate a decrease in the cotton in sight
to-night of 233,659 bales as compared with the same date of
1884, a decrease of 563,746 bales as compared with the corres¬
”
decrease of 326,654 bales as
movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1883-81—is set out in detail in the following statement:
Towns the
■
l^So.
1885.
j 1884.
*124,8R5
ill 1,881
6
April 3..
The above
At the Interior
103
L<
104
Week
.
ponding date of 1883 and a
compared with 1382.
10’is
ioh«
Ending —
.2,23 ?,410 2,470,069 2,30 >,156 2.236,410
1
578<L
65,, R.
51 h- <1.
lie.
10 7bC.
ll’Vlie. £
supply ...
Liverpool.
Price Mid. Upl., New York.
Total visible
Price Mid. Uni.,
1 Obj
1 0? is
RECEIPTS FROM PLANTATIONS.
83 5,800
574,200
.1,662,210 1,634,263 2,008,956 1,632.2 L0
Total East India, &o...
Total American
10?! a
loq
Men.
796,200
108}
Fri.
Th urs.
Receipts from the Plantations. —The following table is
prepared for the purpose of indicating the actual movement each
we<jk from the plantations. Receipts at the outports are some¬
times 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
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts
:>r Southern consumption; they are simply a statement of the
weekly movement from the .plantations of that part of the crop
which finally reaches the market through the outports.
1
i
^
East Indian. Brazil, <£c.—
723,000
Wednzs.
Wilmington..
10
.
St. Louis
.2,236,410 2,470,069 2.805,156 2,236,110
American .onlother descriptions are as folio wm
American—
Tues.
Norfolk
Augusta
Memphis
209,000
134.000
337,000
Mon.
10 bj
10 bj *
108}
..
.
Philadelphia.
2" 0,000
3 4,000
t<6° 1G
ON —
QUOTATIONS FOR MIDDLING COTT >X
lOl^j
10%
loh
Savannah.
Charleston
.1.355,200 1,451,800 1,380,200 1,3 5 5,?00
..
10 *2
..
7,ooe
/
7,4 )0
91,000
Saticr.
Galveston
New Orleans.
Mobile
560
8 Hi
6,000
56,000
9,000
.
.
5 60C
2,500
3.250
119,000
900
500
800
ending
Mag 22.
986,00
986,000 1,005,000 1,000,200
3.5 sO
3,000
5,600
51.700
GO.nOO
44,300
39,000
43,010
48,C00
.
at Hamburg
at Bremen
at Amsterdam
at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Btock at Barcelona
Stock at Genoa
Stock at Trieste
Stock
Stock
Stock
Stock
Cotton at Other Markets.—
£n the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
18S4.
1885.
235,341 bales less than for the same
Quotations for Middling
to
950,000
and since September 1 the receipts at all the
time in 1383-84*
week last year,
towns are
brought dowr
consequently all the European ligures are
last year. The receipts at
bales less than the same
bales less than at the same period
die same towns have been 2.221
Supply op Cotton to-night, as made up by cable
and telegraph, is ais follows. The Continental stocks, as well ae
those for Great Britain and the atloat, are this week’s returns,
The Visible
and
629
CHRONICLE.
THE
23, 1885. J
May
XO
20,053
1
48,7(11
8
50,575' 15,057
“
15
43.97*5!
8,094
“
2*2.
*rts.539l
5 8*53
•
Is85.
1884
| 1883.
| 1884. | 1885.
50,800 304,021 205,477 199,179 121,030 40,9.12
42,581. 297,1*3 184.114 181,132 103.733' .28,813:
32,885 279,910 100,809 170,155 87.835 19,0 i.)1
28,8 IU 200,971 141,234 158,175 74,024' 83, ill
j
28,111 257,152 125,334 144.938 O',8 "9
239.401 110,008 128,903! 55,244'
23,723 213,0 io! 98,900 117.8231 4 0.0 00
90,704 100.9831 30,021
14.705 1(54,38 i 82.W 88.32-8; 23,338
8,033 147,942 81,235 81.9231 34,134
29,90 j!
9,413 133,872
21,808J
7 429 ! 25.5
5
75,s22j 70
7O.v>0!
945j
0 4.285
21.249'
14,787
39,503
24.534
21,903
10,830
14,934
5,710
19,! 00' 12,040
8.282
13,75 L
12,003
14,083
2,223
3,281!
50
30.233
4;
709
The above statement snows—1. That the total receipts from
che plantations since September 1, isSt, were
in ld66-81 were 4,764,966 bales; in IS S3 -8 > were 5,902,846 bales.
2.—That, although the receipts at the outports the past week
were
7,4*36 bales, the actual movement from plantations was
4,711,467 bales;
stocks
749 bales, the balance
at
being taken from the
the interior towns.
Last year the receipts from the plantations
for the same week were 561 bales and for 1884 they were
40,243 bales.
amount of
w
*
'
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s
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to-
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on -# x *■- x
e—
to
'1
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O
,
00
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"y ! 7)
10
to
to
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cr
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O.
—-
to—
£»
r
o:
V
O' X —
w—
»—
_
'
7j
J '1
lO
to
x >— —
to-
x* x
c/—
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to- X 7
r X- to- > toj - — ;
ci o : co x — x, ,.coo-
Tinsy«iif’.-* ti-jurtt' estinjalHl.
The above totals show that the
~.
-*
~
-*
■-1 O C
O
'o
r
-to
—
——
-o
—
X /. OD
fO -1
X
.
~n
h Hr
K
-
decreased during the week
i
Northern
spinners’ takings to
old interior stocks hav
G,G24 bales, and are to-night 3,77
21,3 17
1«V',080;
5-,593
ijo. J‘2 >,069
1/37.7 033 1,133 26* 1.6 d 80-
! 1. t
19,102
m aiu.mm. m siglit
hales ill- d.-tgease
increase v»v r 1881-32 is
it will bp seen by the above that, the <te -reuse
tonight, as c*o npaivd with last yen’, is UL4it
from 1 s8v-S 4 is l,iI8,5L7 bales, au l the
331,116 bul-s.
Telegraph.—Although the weather
somewhat cool in limited districts during a.portion
of the we. k, the general conditions have co itirm id quire favor¬
able and the crop is m iking goo l headway.
From a few sec¬
tions of Texas there are reports of too nm.ch rain.
Ua'nestnn lens. — We have had ram on three days of the
week, the rainf 11 reaching two inches and i-.vo-ity-eighi liundredtlis.
The thermometer has averaged 79, tiie highest being
82, and thn lowest 61.
Imhan.ola, 7V ns.—Ir has i.lined liar4 on iir-ee davs of the
week, the rainfall reaching three iuehes and s v uty three
hundfe It is.
The crop is developing oro msiagiv.hut we are
having, to > mu *h rain.
Tile thermmnet r has ;,v T.yrd 75,
ra gmg from tiO to 81.
four days oc i lie
Palestine, '/Vm-v.—We have had rain on
week, the rbnfaU rea *S 11; g nvo irpmes and sixty - urn • iimilgly. Tlie t!eu*;uomed.iedihs.
The cron is de•■eb.ping pro n
ter h ts raeigerl from 57 t » 85. averaging 74.
IfU 'tsodle, Texas. — It has im ed hard on two days of the
weex, bat no serious damige his been do io.
l'he rai ita.l
has been
.
j
.5,7,*3,769 4,u33,84o
5,559,1 87. 5.575,62a 6,7~7,7>>
sight May 22
Weather Reports by
1
jo*>ijco_r.^-rX;iotoypyo-co
! x%
bc-i^T. ocViL' *1x7.*— :xW-ix cc't to’cc i
j
M
CC to— . J
to
I 03
I
to-
to-
to tr
CC X
~
Ow'Cto CC CC O'
a
^ o
y 0" x xo
to
to cc
£ -1
toto- —
o r
X
to to -1
>—00 On C tO
to- 10 CC X
- l o CO to tc to
to
O ~ to- O' O to X CO -oc WC to- x
W
>
18S1-32.
1.88--83.
....
May 2*2
D
X
CJi mz
O D-
1
1:-4;
to
| -axcxxcco'XO-
C 53 — Wt~
-*
,7
!
1
X
tc I
O'
^
f* •>';
X X
-to
x
O'
a
I
ip.-tc
b' c
I 1 -S3 8 t
-3,903.s iO j.593,439
receipts from phmtu'tns ;,7 i!, m; 4,76 l.uoo
599.s 2'
4 22,610
57 -8,7181
.» 16,72’
1
v75,o> j
239.0 )0!
2 ;e,(h>0
26 4.000
to May 1
Total in
7.
£•
-4
.
to
OD
ct ■
XX to-i ;
x? y x •
cc
c
7!
Cl
t- r-
•
tc X to
X
I
cc x to y C'ji.
I-* y >—
JO
;
;
J?
4 7,070
.Sep'euuber 1
Net overlaml to May
Southern eonsumpt’n
«
a
ol
A
S
>.
Reeeipts at the ports te May 2. 4,691.397 4,743,53
tnt'-rior storks on May 2 2 L.
to
13
give the receipts from
tc oi
o c. -
-4
22.—In the table below
them the net
^
ct
|
Cotton in Bight M\.y
plantation*, in another form, and add
overland movement to May 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
we
THE CHRONICLE.
680
leached two inches and seventy
mometer
75, highest 87, lowest
hundredths.
[Vol. XL,
promisingly. Stands are small but good. The fields are clear
of weeds, and chopping out and plowing are nearly com¬
pleted. Corn and other grains are doing well. Average ther¬
mometer 69, highest 88 and lowest 51.
Atlanta, Georgia.—It has rained on two days of the week,
the rainfall reaching two inches and twenty-one hundredths.
Seasons generally good. The thermometer has averaged 66-7,
the highest being 84 and the lowest 51.
Charleston, South Carolina.—We have had rain on one day
of the week, the rainfall reaching one hundredth of an inch.
The thermomete r has averaged 71, ranging from 58 to 85.
Columbia, South Carolina.—We have had rain on one day
of the week, the rainfall reaching one inch and three hun¬
dredths. The thermometer has ranged from 52 to 80, aver¬
aging 70.
Stateburg, South Carolina.—It has rained lightly on four
days of the week, the rainfall reaching forty hundredths of
an inch.
Days warm, but nights cold. Average thermometer
68*4, highest 88, lowest 52.
Wilson, North Carolina.—We have had rain on two days
of the week, the rainfall reaching seventy hundredths of an
inch.
Crop accounts are less favorable owing to cool weather,
but as the week closes there is a favorable change. The
thermometer has averaged 72, the highest being 84, and the
Average ther¬
58.
Luling, Texas.—We have had hard rain on four days of the
week, and although no serious damage has been done we are
having too much rain. The rainfall reached four inches and
sixty-six hundredths. The thermometer has averaged 74, the
highest being 86 and the lowest 56.
Columbia, Texas— It lias rained hard on four days of the
week, the rainfall reaching four inches and twenty-one hun¬
dredths.
No serious damage has been done, but we are
having too much rain. The thermometer has averaged 75,
Tanging from 63 to 83.
Brenham, Texas.—We have had hard rain on three days
of the week, the rainfall reaching three inches and thirty
hundredths.
Crops look promising. The thermometer has
Tanged from 56 to 88, averaging 73.
Belton, Texas.—It has rained on three days of the week, the
Tain fall reaching three inches.
The crop is developing finely.
Average thermometer 74, highest 86 and lowest 54.
Weatherford, Texas.—There has been rain on one day of
ihe week, the rainfall reaching two inches.
The crop is
developing promisingly. The thermometer has averaged 72,
the highest being 84 and the lowest 56.
Dallas, Texas.—It has rained on four days of the week, the
rainfall reaching two inches and thirty-five hundredths.
We lowest 53.
The following statement we have also received by telegraph,
are having too much rain.
The thermometer has averaged
Showing
the height of the rivers at the points named at 3 o’clock
75, ranging from 55 to 88.
New Orleans, Louisiana.—It has rained on three days of May 21, 1885, and May 22, 1884.
Ike w eek, the rainfall reaching two inches and forty-nine
ifay 21, ’85. May 22, ’84.
hundredths. The thermometer has averaged 72.
Feet. Inch.
Feet. Inch.
Shreveport, Louisiana.—Rainfall for the week two inches
2
1
8
Below high-water mark
7
and six hundredths. The thermometer has ranged from 55 to New Orleans
O
17
23
10
Memplii8
88, averaging 70.
4
7
6
5
Nasliville....
7
26
0
31
Meridian, Misissippi.—The early pait of the week was Shreveport..
35
7
44
7
Above low-water-mark.
clear and pleasant, but during the latter portion we have had Vicksburg...
delightful showers, and the indications are that they extended
New Orleans reported below high-water mark of 1871 until
over a wide surface.
The
The fields are free of weeds.
Sept. 9, 1874, when the zero of gauge was changed to highthermometer has ranged from 57 to 75.
water mark of April 15 and 16, 1874, which is 6-10ths of a foot
Columbus, Mississippi.—It has been showery on three days above 1871, or 16 feet above low-water mark at that point.
of the week, the rainfall reaching fifty-six hundredths of an
India Cotton Movement from all Ports. — We have
inch.
The thermometer has averaged 68, ranging from 52
re-arranged our India service so as to make our reports more
to 88.
Leland, Mississippi.—The weather continues a little cool. detailed and at the same time more accurate. We had found
It has been cloudy and showery on two days of the week, the it impossible to keep out of our figures, as cabled to us for the
rainfall reaching thirty-one hundredths of an inch. The ther¬ ports other than Bombay, cargoes which proved only to be
mometer has ranged from 60 to 83. averaging 66’2.
shipments from one India port to another. The plan now
Little Rock, Arkansas.—Four days of the week have been followed relieves us from the danger of this inaccuracy and
clear and the remainder cloudy, with rain on two days.
The keeps the totals correct. We first give the Bombay statement
rainfall reached one inch and seventy-nine hundredths. Rains for the week and year, bringing the figures down to May 21.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
have been most too abundant, but crop reports continue fair.
Average thermometer 69, highest 81 and lowrest 57.
Receipts.
Shipments this week, i Shipment* since Jan. 1.
Helena, Arkansas.—We have had rain (sprinkles) on four
This
Since
Conti¬
Oonti1
Great
Or eat
days, and the remainder of the week has been cloudy. The | Fear Brit’n.
Total.
Week.
nent.
Jan. 1.
nent.
Britain
j
rainfall reached forty-six hundredths of an inch. The crop is
developing promisingly. The thermometer has averaged 68, 1885 8,00032,000 40,000 117,000 3 14,000 491,000 GO,000 737,000
87S.OOO 94,000 1,216,000
1884 29,000,1 L.OOO 70,000:366,000 512,000
the highest being 84 and the lowest 58.
941.000 72,000 1,275,000
1383 17,000 21,000:33,000i3l9,000 622,000
Memphis. Tennessee.—It has rained on five days of the 1882 39,000125,000
64,000 007,000 400,000 1,007,000 75,000 1.277,000
week, the rainfall reaching forty-two hundredths of an inch.
According to the foregoing, Bombay appears to show a
Crop prospects are favorable. The thermometer has averaged
decrease compared with last year in the week’s receipts of
71, ranging from 54 to 8 b
Nashville, Tennessee.—It has rained lightly on two days of 34,000 bales, and a decrease in shipments of 30,000 bales, and
the shipments since January 1 shew a decrease of 387,000 bales.
the week, the rainfall reaching fifteen hundredths of an inch.
Planting is about completed in this neighborhood. The ther¬ The movement at Calcutta Madras and other India ports for
the last reported week and since the 1st of January, for two
mometer has ranged from 52 to 83, averaging 68.
“Other ports” cover Ceylon,
Mobile, Alabama.—It has rained constantly on one day, years, lias been as follows.
and there have been excellent showers on live days of the Tuticorin. Kurrachee and Coconada.
week, the rainfall reaching two inches and forty-nine
Shipments since January 1.
Shipments for the week.
hundredths. The crop is developing promisingly. Average
thermometer 69, highest 82 and lowt'st 58.
Great
Conti¬
Great
Total.
Continent.
Total.
Britain.
nent.
Britain.
Montgomery, Alabama.—The early part of the week was
clear and pleasant, but during the latter portion we have had
Calcuttamuch needed rain on three days.
The rainfall reached one
52.503
64,000
11,500
1885
inch and thirty-three hundredths.
40,900
127,400
86.500
1834
The thermometer has
Madrasaveraged TO, the highest being 85 and the lowest 55.
4,000
4,030
1885
Selma, Alabama.—We have had delightful showers on two
17,600
4,603
13,000
1884
days of the week, and the indications are that they extended All others—
33,100
500
500
17,100
21,000
over a large surface.
1835
The rainfall reached one inch and
100
3,400
400
16,900
13.500
fifteen hundredth?.
The thermometer has averaged 66, rang¬
ing from 55 to 78.
Total all500
106,100
32,500
500
73,600
Auburn, Alabama.—The days have been warm during the
48.900
400
400
161,900
113,000
1884
week, but the nights have been cold and the growth of cot¬
ton has consequently been retarded somewhat.
We have had
The above totals for the week show that the movement from
showers on two days, the rainfall reaching two inches and the
ports other than Bombay is 100 bales more than same
two hundredths.
The thermometer has ranged from 55 to week last
year.
For the whole of India, therefore, the total
82, averaging 67'6.
shipments
since
1, 1885, and for the corresponding
January
Madison, Florida.—It has rained on three days of the periods of the two previous years, are as follows:
week, the rainfall reaching two inches and eighty hundredths.
EXPORTS TO EUROPE FROM ALL INDIA.
Average thermometer 72, highest 87, lowest 55.
1884.
1883.
1885.
Macon, Georgia.—We have had rain cn two days of the
85 81
week.
Columbus, Georgia.—We have had splendid showers on
,
.
.
_
.
.
—
Shipments
to all Europe
from—
•
This
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
days of the week, extending over a wide surface. The
o
878.000 38,000; 941,000
491,000
40,000
ninety-seven hundredths of an inch. The Bombay
O'* »© OO 161,900
500
lOOj
81,600
106,103
All other ports.
averaged 70, ranging from 65 to 82.
Savannah, Georgia.—It has rained on three days and the
597,lGO| 74,400 1,039,900 33,100 1,022.600
Total
40,500
remainder of the week has been pleasant. The rainfall reached
This last statement affords a very interesting comparison c f
sixty-one hundredths of an inch. The thermometer lias ranged the total movement for the three years at all India ports.
from 55 to 85, averaging 71.
Alexandria Receipts and Shipments.—Through arrange¬
Augusta, Georgia.—The weather has been warm and sultry
during the week, with rain on three days, the rainfall reach¬ ments we have made with Messrs. Davies, Benachi & Co., of
ing one inch and five hundredths. The crop is developing Liverpool and Alexandria, we now receive a weekly cable o f
two
rainfall reached
thermometer has
1
1
THE CHRONICLE.
1885.]
May 23,
the movements
of cotton at Alexandria, Egypt. The following
the receipts and shipments for the past week and for the
are
corresponding week of the previous two years.
Alexandria, Egypt,
May 20.
Beoelpts (cantars*)—
3,000
3,591,000
This week....
Since Sept. 1
This
week.
To Liver pool....
To Continent
Total Europe
A cantar ia
Since
Sept. 1.
Establishm'ts.
1882-85.
1,000
2,632,000
This
week.
3,000
2,247,000
Since
Sept. 1.
This
week.
1,000 245,000
1,000 228,000
1,000 130,000
1,000
3,000 482,000
2,000 375,000
2,000 311,000
33,000
93 lba.
ending
Europe
3,000 bales.
Manchester Market.—Our report received from Manchester
to-night states that the market is easy. We give the prices
for to-day below, and leave previous weeks’ prices for com¬
4.
Meh20 83ia®834
«*
27!83ifi®3%
Anr. 3 83i«a>8^
r*
10
8316®83i
11
17
S318®8\
11
24:83|*®83i
May l;83ift^83i
II
3'Si]Q7t8^
II
15
22 3
II
1884.
8*4 lbs.
32* Oop.
Twist.
Shirtings.
8.
5
5
5
5
5
5
5
5
5
@8»i« 15
s.
d.
5 a6
6
a6
6 a6
6
a6
6 a6
6 a6
®6
6
6 a6
6 a6
5 a«
TJplls
d
9
10
10
10
10
10
10
10
10
9
d.
6
6
32* Cop.
Iwisi.
8*4 lbs.
6
a
9H 5
d.
s.
7 a7
7*2*7
9*3*7
6
51518 8*8 3938
5 11
a7
57*
OotVn
Mid.
TJplds
d.
d
2*3
3*3
515le
4
6*8
4*3
63ig
6*4
63ie
5
878 a 93s 5 11*337
5Uie 834 a 9*4 5 10*^37
5*3
5*a
5‘516 83s a 9*815
85a a 9*8 5
5l5lft 8% a 9*4!5
3
3
3
8*3*7
8*$a7
8*3*7
6
1,
issued
as
on
follows
86
250
$2,402,275 1,959
7,904,685 7.182
Tnc. since ’80.
164
$5,502,410 5,223 $1,456,750 $7,805,714
$527,700 $2,466,570
1,934,450 10,272,284
Jute
Butts, Bagging, &c.—The market has shown
activity, and goods
constantly have before him the data for seeing the exact relative
for
the years named.
movement
The movement since
September 1, 1884, and in previous years, has been as follows:
Tear
Monthly
Receipts.
1S84-S5.
63ie
6*4
Beginning September 1.
1832-83.
1883-84.
6oj«
iept’mb’r
:
345,445
343,812
October.. 1,090,385 1,046,092
Sovemb’r 1,122,164 1,030,380
Deoemb’r 1,101,211 1,059,653
.
February.
Maroh...
1981-82
475,757
261,449
163,503
‘103,375
487,729
385,933
241,514
111,755
326,656
930,534
1,094,697
1,112,536
752,827
595,593
432,772
234,519
April....
for the State 102.
The planting is about
Total year 1.666,289 4,706,873 5,630,189 4,438,23 5
eight days later than the average time of plant¬
ing for the State. This varies very much m the sections. In North
Georgia the time is reported as average, in Middle Georgia throe days
later, in Southwest Georgia eight days later, in East Georgia eleven
days later, and in Southeast Georgia sixteen days later.
The dry Spring favored the preparation of the land in the northern
part of the State, where wet weather is a common cause of delay in
starting this crop, so that the planting iu the northern and southern por¬
tions of the State comes much nearer together than is usual with cotton
planting.
Georgia 16 per cent of the crop is up, in Middle Georgia 39
per cent, iii Southwest Georgia 68 per cent, iu East Georgia 4.0 per
cent and in Southwest Georgia 72 per cent.
The stand when up compared to an average in North Georgia is 98, in
Middle Georgia 94, Southwest Georgia 95, East Georgia 89, and South¬
east Georgia 93, and the condition of the plant compared to an average
In North
96, 93 and 95.
the crop in North and Middle Georgia
East Georgia S8, iu Southeast Georgia
South Carolina Agricultural Report.—The report of the
C ommissioner of Agriculture on cotton, May 1, was issued on
the 21st, and says:
“The weather during the month of April was very favorable for
farming operations and work progressed satisfactorily. Lands have
been better prepared than usual, and the growing crops are in proper
condition to be fully heneiitted by a favorable season.
* * * The cot¬
ton area has been slightly decreased below last year, but the crop is
reported in much better condition than on the 1st of May, 1884.*’
Perc’tage of tot. port
receipts April30..
97-01
1834-85.
Tot. A p. 30
May
1883-34.
2,633';
1,247'
“
2....I
“
3....
“
4....
990
“
5....
1,591
“
6....
11
rj
“
8.
658
8....
1,814
2,333
“
9....
2,030
“
10....
“
11....
S.
1,907
878
“
15....
2,284
“
16....
1,369
“
but also of the State, its
17....
“
18....
921
other matters
“
19....
1,280
“
20....
999
“
21....
720
425
2,150
316
of
principal cities and towns, and many
interesting to outsiders as well as to the people
Georgia.
We notice that
although the
of the paper has under,
gone many changes during its hundred years of existence, it
has always retained the word “Chronicle” in its title.
In
1785 it started as the Augusta Chronicle and Gazette of the
State : in 1821 it became the Augusta Chronicle and Georgia
Gazette, but in the following the word “Advertiser” was sub¬
name
91 23
94 02 ‘
92 74
“
22....
1882-83.
1881-82.
receipts since
comparison of
1880-81.
1879-80.
5,630,189 4,438,235 5,359,356 4,638,867
8.
6,634
3,391
5,284
S.
3.941
5,531
6,013
11,062
7,363
3,235
4,612
7,496
1,546;
S.
7,317
10,953
3,916
4,633
9,482
3,354
7,431
4.S54
4,696
S.
3,759
2,992
6,798
4,017
8.
6,174
1,257
8,237
4,282
8.
4.366
9,36s
1,995
5,102
8.
5,844
8,156
10,882
4,481
3,176
8,079
1,443
6,419
7,180
8.
2,125
10,931
5,541
2,430
5,875
2,225
4,076
7,036
4,197
8.
9,501
1,711
11,438
3,573
8.
693
7,905
5,214
2,890
686
8.
7.414
3,887
3,150
8.
1.931
6,093
4,913
9,045
S50
5,058
3,402
8,081
6,630
8.
6.311
2,061
3,368
13,440
4,055
5,658
1,799
5,290
5,199
8.
948
1,727
7,965
2,612
14....
reached its centennial year, and in commemoration issues a
24 page paper, giving a history not only of the journal itself,
264,913
158,025
2,602’
“
Constitutionalist has
447,913
4,666,289' 4,706,873
I..J
12...
(Georgia) Chronicle and
•333,643
898,492
942,272
956,46 4
647,140
5,359,356 4,638,867
above totals to April 80 the daily
that time, we shall be able to reach an exact
the movement for the different years:
13....
the
93-53
to the
“
Augusta
1879-80
This statement shows that up to April 30 the receipts at th e
ports this year were 40,584 bales less than in 1883-84 and
963,900 bales less than at the same time in 1882-83. By adding
“
The Augusta Chronicle’s Centennial.—This month
1830-31.
429,777
458,476
853,195
968,313
974,043 1,006,501
996,807 1,020,802
497,727
571,701
291,992
572,729
257,099
476,582
147,595
284,246
in North Georgia is 101, Middle Georgia 102, Southwest
Georgia 99, East. Georgia 102, Southeast Georgia 105, and the average
The acreage
96, and average for the State 94.
fair
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
May 12 his report on cotton in Georgia for May Jaauary
in the respective sections 97, 96,
The condition and prospect of
is 97, in Southwest Georgia 91, iu
a
moving more freely than at
our last.
There are but few inquiries for large parcels, the
orders being for jobbing wants. Prices are steady and sellers
are not disposed to accept less than 9c. for 1% lbs.,
9}4'@93^c.
for 1% lbs., lOj^c. for 2 lbs. and 11c. for standard grades; but
a concession could be
obtained on a large quantity.
Butts
have not been very active, and the demand is light for spot
parcels. There has been some inquiry for parcels to arrive,
and a few thousand bales are reported placed. A few lots of
paper grades are reported at 1 15-16c. on spot and 1 15-16(5) 2c.
are the asking figures at the close, while for bagging
qualities
sellers are quoting 2}^@2^c. as to quality and quantity.
are
6*8
Georgia Agricultural Report.—Commissioner Hender¬
son
Products.
as
Shirtings.
d.
d.
«.
8yi8a 9*8 5
85s a 9*4 5
Wages.
Comparative Port Receipts and Daily Crop Movement.
—A comparison of the port movement by weeks is not accurate,
parison.
OotVn
Mid.
Hands
1880
1885
Sept. 1.
1,000 296,000
1885.
Capital.
Since
2,000 186,000
This statement shows that the receipts for the week
May 20 were 3,000 cantars and the shipments to all
d.
period increased in about the same ratio, as may be seen
following statement, taking the last Census (1880)
as the basis for comparison:
from the
amount of
Exports (bales)—
*
1883-34.
1884-85.
631
-
1,035
1,279
S.
6 621
7,027
S.
2,914
7,026
8.
5,096
2,78 4
4,69 4,397 4,742,008 5,774,159 4,524,506 5,495,474 4,718,462
Percentage of total
94-34
93-56
95-85
97*76
9593
port reo’pts May 22
Total
...
This statement shows that the receipts since Sept. 1 up to
to-night
are now 47,011 bales less than they were to the same
stituted for “Gazette.” From 1835 to 1837 the title was
day
of
the
simply Augusta Chronicle, but in 1837 the State's Rights to the samemonth in 1884 and 1,079,762 bales less than they were
day of the month in 1883. We add to the table
Sentinel having been absorbed, it appeared as the Daily
the
percentages
of total port receipts which had been received
Chronicle and Sentinel; this name it retained until 1877,
when by the absorption of its old rival, The Constitution¬ to May 22 in each of the years named.
alist. the^present designation, The, Chronicle and Constitution¬
Shipping News.—The exports of cotton from the United
alist, was adopted.
States the past week, as per latest mail returns, have reached
We have not the space to reproduce the valuable statistics 30,788 bales.
So far as the Southern ports are concerned, these
respecting Georgia’s growth and development given in this are the same exports reported by telegraph, and published in
centennial issue.
It is, however, especially interesting to the Chronicle last Friday.
With regard to New York we
note that at the close of the war and for some time thereafter include the manifests of all vessels cleared up to Thursday
Augusta had only one cotton factory. With the enlargement night of this week.
Total bales.
of its canal the change began, and to-day it claims to be the
first cotton-manufacturing city in the South,having eleven mills New York—To Liverpool, per steamers Biela, 1,897—Citjr of
Richmond, 2,504
Germanic, 1,127
Helvetia, 1,626
with a capital of $5,375,000, and employing 3,800 hands. All
Merchant, 1,213... .Nevada, 1,164... .St. Ronans, 2,638
other manufacturing establishments have during the same
Servia, 823—
13,042
....
THE CHRONICLE
n.iz
Total bales.
To Havre, per steamer St. Germain, 882
882
To Bremen, per steamers Ems, 300
Oder, 886
3,186
To Hamburg, per steamers Hamtnonia, 99,... Moravia, 5u0.
599
To Amsterdam, pet steamer Schiedam, 55
55
To Antwerp, per steamer Pieter do Couiuck, 009
003
To Barcelona, per steamer Hernau Cortes, 2,0, 0
2,000
NiiW Orleans—To Liverpool, per steamers Architect, 2,355
Chancellor, 2.755
PuertoRiqueno, 4,325
Galveston—To Liverpool per ship Jalius. 1,850
Boston—Io Liverpool, per steamers Cata.onia, 08
089
Philadelphia—To
Liverpool,
9,435
1,350
Venetian,
Total
form,
379
30,783
,
The particulars
of these shipments, arranged in our usual
follows:
are as
pool.
Havre,
New York.
N. Orleans.
Galveston.
Boston
13,012
Sa2
PMladelp’a
..
Below
Ilum- Amster- Ant-
lire-
Liver
Total
757
Illinois, 379
per steamer
men.
Iiarcc-
burg.
dam.
toerp.
599
55
003
Total.
fond.
2,000
1,859
18,30 7
9,135
1,850
757
757
3 79
379
1,1cj6
0,435
882
25.403
1,180
55"
599
2,000
6u3
add the clearances this week of vessels
cotton from United States ports, bringing our data
we
carrying
c£he latest dates:
Galveston—For Havre—May 13—Brig Amazon**, 1,139.
/New Orleans—For Barcelona—May 15 Bark Espaua, 1.000.
<
£3oston-For Liverpool-May 15—btCiincr Sciuuriu, 257....May 19
Steamer Virginian,
.
For Yarmouth. N, 8.—May 16—Steamer Alpha, 50.
Baltimore—For Liverpool —May 18—Steamer Caspian, 911.
For Bremen—May 20-Steam *r Salier,
.
Philadelphia—For Live* pool —May 15— S earner Lard Clive,
May 20-Steamer British Princess,
Below
—
513
Open High Low. Clos.
May..
Open Bi'jb
Tues., May 19.
d.
d.
d.
d.
d.
d.
d.
d.
5 56
5 50
5 50
5 50
5 50
5 50
5 50
d.
0 50
5 50
5 50
5 50
5 50
5 50
5 53
5 50
June-July.. 5 58
5 53
5 58
5 58
5 57
5 58
5 57
5 58
May-fune
.
July-Aug... 5 03
Auk.-Sept... 6 03
September..
Sept.-Oet... 5 03
Open High Low. Oios.
LOW. Clos.
5 50
a.
d.
j 5 50
5 57
5 50
1
5 50
5 57
5 50
5 57
!
5 58
55S
5 58
5 58
d
5 57
5 03
5 03
5 03
5 02
5 02
5 02
5 62
5 62
5 03
5 02
0 03
6 03
6 03
6 03
0 02
0 02
0 03
6 02
•0 02
0 03
6 02
0 03
1
....
5 03
5 03
5 03
5 62
5 02
5 02
5 02
;
5 02
5 63
5 62
5 63
...
..
....
....
•
•
•«
Oct.-Nov....
5 53
5 53
5 53
5 53
5 52
5 52
5 52
5 52
| 5 52
5 53
5 52
5 53
Nov.-Dee...
5 50
5 50
5 50
5 50
5 50
5 50
5 50
5 50
5 50
5 51
5 50
551
Dec.-Jan....
Jan.-^eb....
5 50
5 50
5 50
5 50
5 50
5 50
5 50
5 50
5 50
551
5 50
5 51
•
....
Feb.-March
...
....
....
.
....
....
....
..
.
Wednes., May 20.
Open] High
Low.
....
«...
....
....
.
....
....
....
...
....
Thurs., May 21.
j
.
.
,
#
.
..
.
..
•
....
.
•
•
•
....
Frl., May 22.
\
„
Clos.j ‘Open High
Low. Clos.
Open High
Low. Clos.
d.
d.
d.
d.
!
d.
d.
d.
d.
d.
d.
d.
May..
5 37
5 57
5 57
r\ <)/
r\ 7
O
|
|
5 57
5 53
5 57
5 58
5 50
5 59
5 59
5 59
i ,5 57
; 5 58
5 58
5 57
5 58
5 59
5 59
5 59
5 59
5 59
5 58
5 59
5 60
5 00
5 00
5 60
-
d.
Vlay-June..
5 57
5 57
6 57
5 57
June-July..
5 5J
5 50
5 59
559
July-Auk..
0 00
6 00
0(0
0 00
;
5 03
0 00
5 03
0 00
0 00
0 00
0 00
0 00
AuK.-Sept,... 0 04
September..
001
0 04
6 04
,
0 03
0 03
0 03
0 03
0 04
6 01
0 04
0 04
Sept.-Oct.
6 00
0 00
0 00 ; 6 00
1 5 03
0 00
5.03
0 00
0 01
0 01
0 01
0 01
Oct.-Nov....
5 54
5 54
551
5 51
5 54
5 54
5 51
5 51
5 55
5 55
5 55
5 55
Nov.-Dee...
5 5L
5 51
5 51
5 51
5 51
5 51
5 51
551
5 52
5 52
5 52
5 53
Dec.-Jan
551- 5 51
5 51
551
5 51
5 5!
551
5 51
5 52
5 52
5 52
5 52
.
...
Tan.-Feb..*.
•
....
•
.
Feb.. March.
.
Mon., May 18.
Sat, May 16.
30,733
down to
[Vol. XL.
-
.
-
.
.
....
....
.
.
....
....
....
....
....
....
....
j
....
....
...
!
....
....
...
•
....
*
•
•
«...
....
....
....
...
**”l
give all news received to date of disasters to vessels
carrying cotton from United States ports, &q,:
we
Tynemouth,
(Br.)—Before reported wrecked.
steamer
another lighter arrived at II iriingen with 90 bales
of loose cotton, salved from steamer Tynemouth.
Cotton
freights the past week have been
On May 17
and a quantity
Friday, P. M., May
follows:
as
BREADSTUFFS.
22*,
1885.
scarcely a feature to the flour market the
The demand lias been very small, being limited
to the current wants of the home ^rade.
The reduced pro¬
duction by Western millers has, however, served in a good
degree to sustain prices, as there is no prospect of any great
pressure to sell, while toward the close the fresh speculation
in wheat contributed to the support of values.
The wheat market has been less active.
Early in the week
speculative values had a downward tendency, under sales to
realize by parties who wished to close accounts, seeing noth¬
ing in the situation to promise remunerative returns in view
of the great uncertainty which overhung the market.
On
Wednesday and Thursday, however, the warlike advices from
London caused the renewal of some speculation for the rise,
but the movement was quite moderate and the advance not
large. Wheat on the spot has been more active, in part for
export, mainly for the better grades of spring growths, and
the specul ition embraced No. 2 spring for July at 04%'@95J^e,
To day the speculation in winter wheat was checked by the
adverse reports from the foreign markets, and the close was
There has been
past week.
Hon.
Satur.
Liverpool, steam d.
sail...d.
Do
Havre, steam—c.
Do
sail
c.
rr
7ti*
...
Tites.
a.
sail
c.
Hamburg, steam.c.
sail—c.
Do
Amst’d’m, steam.c.
....
hi £932*
% $9^
% a 932’"
% ft i)*2*
(
.
....
V
LEteval, steam—d.
sail.
Do
‘
e
....
mmmrn
....
r
301
g1
732®*4'
•
•
•
964*
...
3G!
-
30!
....
732® %
732® %* 732'a>V
....
...
.
.
.
916*
732*
73‘T
9lrtK
7*2*
”.:2
9m*
732*
732*
9ik
732+
7.rT
9
6*
V
V
V
%*
%”
%2*
732'
913r
73k
Antwerp, steam..c.
%»
’
t Per 100 lbs.
Compressed.
Liverpool.—By cable from Liverpool,
statement of the week’s
add previous
.
....
7;1o® 14
...
....
••
3d
....
io
38*
9t>4
30!
301
9*2*
•,
-
...
a> 938*
%
....
14
38
....
Barcelona, steam, c.
Genoa, steam—c.
-Trieste, steam...c.
*
38'
••••
24 &
V
....
sail...c.
Do
%%
Fri
...»
Bremen, steam..c.
Do
V
7C4*
‘64*
....
Thurs.
...»
.
H <1 °;i-2'
Wednes
sales
s toe as,
we
jfe c.,
have the following
at that port. Wf
week's ior comparison.
Hug 1.
Sales oT the week
bales.
Of wJikli exporters.took
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock—Estimated.......
Of which American— Kstiiu’o
Total impint of the week
Of which American
Amount afloat
Of which American
The tone of the
Hag 8.
4 5,0 00
8,000
l
......
38 Gov
5,0 'j<i
-
10,uO0
.0 23,00
8on,one
5 l ,000
1
irregular.
0
>,000
3.000
2.000
4 i.,000
5.0O0
13 000
994,00.
700,000
39,000
4 3,000
13.00U
38,000
1 ii.UUu
7 J.eOO
05,000
Hag 15.
DAILY CL03LN3
Hay 22.
Sat.
34.000
3,00<>
36.000
*00
1,000
20,000
1
4 uO"
23.0OO
1' ,0 >0
10.000
8.00'j
8.001
9
0
7$0 000
32.000
9 8,000
7>1 ,t 09
33,00
23,Oi ’0
131,000
27,000
5,000
1 4
7 tl.lHil!
58.000
Liverpool market for spots and futures each
day of the week ending Mty *3.\ and the daily closing prices
of spot cotton, have been as follows:
S]>ot.
Market,
12:30p.m.
Mid.
Saturday Monday.
Tuesday.
Wednes.
Moderate
aemund.
Moderatc
demand.
tendency.
(
Dull.
$
Upl’ds
Mid.Oil’iis.
■Sales
pec.& exp.
f>15is
54 irdeng
Thursday
Ft'Utay
Steady.
muint’nod
57e
515ie
5,000
5V«*l6
5'»i„
5'3-fl
5'%S
f>1516
5^16
7,0 0
G 000
7,000
500
500
590
1,000
7.0 0
1,009
Ful’y
j
Market,
4 P. M.
The
Quiet.
Sfrtady at
and
1 -04 ,:d-
8t.:Utly.
vauce.
l
Quiet.
I'irm.
\
Quiet.
Firm.
but
Ouiet at
2-iil ue -
st/'ailv at
dine.
2-01 adv.
Firm;
Barely
steady.
Rarely
.
prices of futures at
given below. These
the basis of Uplands, Low Middling clause, unless
and GiIhs, thus:
(i.-fobt r delivery
November delivery
December
5 62
i,
M
•
delivery
«
•
means
•
•
.
•
....
Tues.
Wed.
U476
104
101% 192 k;
loo
10 t
lOr gi
107
108%
.
•
Hon.
....
10*2 %
10 l :,3
105%
107
mm
m
m
....
TuUV8.
10239
10238
104%
1055s
10078
lOhg
lO.'g)
110%
....
105
100
Fri.
•
•
•
•
103
103%
103%
104%
10' %
107 5s
105
101 «9
107 °8
109
109
110%
111%
....
....
smartly, on a movement which looked
May contracts. It was believed that the
market had been oversold.
June and July deliveries sympa¬
thized with May, but the influence of this month did not
extend to'August, and there was consequently some irregular¬
ity. There has been only a moderate export demand. Caoice
grades of Southern corn are very scarce, and bring extreme
prices. To-day, in Western mixed there was a collapse of
speculative influences, and prices partially declined.
Iii iiau
to
a
corn
advanced
“corner”
on
PRICES OP NO. 2 MIXED CORN.
Tues.
Wed.
Thurs
55 %
55 '3
54 %
50%
557q
50%
56%
5 5 %
55 %
55%
5 58
50%
50%
50%
50%
£6%
5<%
55%
50 %
Hon.
51 %
el wator
m
May delivm
otherwise stated.
The prates are given in pence
5 62-Gl</., anti 6 03 means 0 3-0id.
AUKUSf delivery
September delivery
!
opening, highest, lowest and closing
are on
1' e£ a4
101 hi
100
107 ^
JiiljT delivery
Sat.
1,000
steely.
are
....
DAILY CLOSING
7 000
Quiet
Liverpool for each day of the week
prices
Steady.
\lay delivery
J no delivery
0
Futures.
Market, f
12:30p.m.
10ld2
lu elevator
51518
0
PRICES OP NO. 2 RED WINTER WHEAT.
54%
y
June delivery
5 i%
July delivery
55%
August delivery
live has
b?eii
in
•
.
Fri.
55%
55%
55
55%
55 %
supply and prices are lower.
a.id the weather is unfavorable to
better
Barley is out of season,
trade in malt.
early in the week and prices declined, but
cuiktion was quite biisk on Wednesday and Thursday.
day, however, the market is again unsettled and weak.
Futures closed lower at
for May,
for June and
JOo. for July.
Oats
sp
T )
were
dull
Statis¬
tics will show the exports of domestic breadstuffs from the
undermentioned customs districts, during the month of April,
1885, and for the nine months ended the same, as compared
® © s ®
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Yellow Southern.
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at -i t. x x x
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4.133
....
10.424
1,700
Peoria
Duluth
>5
03
to i^
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to:
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1,273,934
1,061,463
920,877
130,140
154.781
42.505
185,780
110,551
48.906.704
10,118.232
4,337,331
6,38 4,463
1,330.405
843,771
108,237
092,510
1,287,3 L0
1881-5
8.473,753
91,712.320
1383-4
7,537,484
02 503.433
81,297,209
92,24 >.036
52,034,816 16,514.151
1882-3
7,803 47.1
07.707,031
75.080 074
42.830.151
43.312
July 28
The comparative
14,352.709
4.010,035
shipments of flour and grain from the same
inclusive, for four
ports from Dec. 22, 1884, to May 10, 1885,
years, show as follows:
1*84-3,
1383-1.
1882-3.
1R31-2.
3,953,(559
3,631,239
2,818,873
73
Wheat.. ...bush.
J
(’urn
12,274.0 5 5
4 ',0 43,73d
17.00'.4 Id
2,4 l 1.571
vS 23,707
11,8 >5.3 >0
3 1,893.519
17.O04 9 9
2.5 ’«0,39 L
2 164.21 )
10,602,1 3 i
33,233,3d 5
8,3 >5.539
29,399,316
19,392.293
4,372.7 1 5
1,273, L >6
11,3 35 832
1,932,745
1.115, >18
72.591.1^9
7o,i51.,i33
70.379,-0)
52,015.530
...
O.its
Parley
...
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Portland &
Hacen. Falmouth.
c.
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Richmond.
l lake
an
ship neats
Me/ 20.
82
1 40 944
2 34.597
499.5 4 3
59 740
4
2, 421.42)
from
;,:8 13
08 i. 9 * l.
0 28 w-J7
same
}
U
i
5
2,854
8.55 >
.
6,959
45,0 JO
i,u: ,0))
979,83 4
ports for
last four
hush.
M
yId,’85 2.56,807
9'3,289
iv 9,’-5 24 -.894 2,0 21,. 20
May 2,’35 202 089 1.117.538
Apr.2 V83 3:0,931
880,100
rot., 4 w. 1 i 02,771 5,009,007
Iw’kn 84.. S 12.422 5,2 38,o02
The receipts
York
mette.
town.
B mton.
39,128
73,293
(.91.115
73 l.7-->6
47.749
4 9 301
810,329
989,070
51,3.id
38,531
298.727
203.903
367,810
043,483
7.959,049 4.328,53 t
8,81 i,370 -1,793,747
Wheal,
Oorn,
Oats,
Barley,
Rye.
obis.
bush.
bush.
busn.
bush
bush.
114,747
443,0-5
409,072
4,010
72,950
102,550
8,000
575,200
80, i25
8,750
01,730
i
m
m
mm
m
,
Portland
.300
Montreal
11,5 20
88,127
19,035
1.30
Pniladelphia...
20.059
7 8,80)
207,090
15.000
3,0 JJ
Baltimore
40,700
233,233
812,238
41,515
9,808
15.9 44
97,527
42,552
10,093
253,875
910.795 1 ,190,437
218,593
440,070
779,6 27
505,011
12,500 36.855
23,02 3 180.843
Total week
Cor. week ’84
120
50
bush.
37.835
42,929
03,713
Flour,
Nsw Orleans...
4,975
4,5.3 >,981 1,170,00 )
Rue.
of flour and gram at the seaboard ports for the
ypwp’t News
1,500
bush.
bash.
2.11 5,0 U 1,3-83, 459
week ended Mav 10 follow:
Willa¬
61,320
Barit yt
bush.
Oats,
Oorn,
Wheat,
ftour,
bhty.
live—
.
.
733,575
6,284
The exports from the several seaboard ports for the week
ending Mav 10. 1885, are shown in the annexed statement:
Exi tor Is
-
New York
—
Bostou
Port land
174,1 95
$
..
137,500
Wheat flour—
950
2,623
Value.. $
Total values—
4.462
15,044
April,’85.$
9,193
April,’8i.$
10,828
f>ol,3©0
Muij 19.
-i .079
*
4.110,167
...
Wheat.
51,172
188,800
15,203
80,125
80,125
109,702
34,183
134,100
271,000
200,347
53,190
745,408
55,572 iL,983,151 1,072,201 3,,781,903
4,320
25,130
25,130
35,024
1,066,326 3,,043.734 1 ,242,888
&14,Sa7
Montreal
I’hiladcl.
Ball! in’re
N. Or l’ns.
N. News
Oorn.
Flour
Oats.
Rye.
Peas.
Bush.
Bush.
Bush.
Rush.
Bush.
B his.
335,473
421,16 >
92,215
47.575
05,103
60,51s
109,714
67,090
4,785
237,171
131,469
59,197
.
10 months—
1885..
8«,300
6,20>
376,'>2 .»
93 ♦,:< io
.,
en
from
Barrels..
lit
•
At—
New York
RyeBushels
.
9 8 5.2©)
1 r»'j 10J
9,' > “ .3 .t 8
M
C*
.
.
-.
yfr.tK
Indian corn—
—..
Mni 17.
weeks were:
?
Bushels
Value
.$
.
.
y
Total
*
Included in the foregoing totals are the reports from Milwaukee,New IIa\ en, Portland and Faenouth, Richmond, Willamette and Yorktown, the details for April, 1885, being as follows:
Bushels
,.
Value
Indian corn meal—
Barrels..
......
Value
Oats —
Bushels
Value
.$
OatmealPounds
Value.
Mu,, id.
y 10,072
i.'sh.
.....
,...
n vs
^-1
-© — — X
X
Milwau¬
kee.
v
.
The rail
r- ":
i
^f*
P jU ©. — ; I ;c **• p -4 ©
M *0 lu XOi © 3 ifi- X
Barley—
Wheat
C*» n..„.
o;
—
J j,
1 CS2.
Wwk
Wer'k
9
V
/
m
.m
13
wppj-i 4-c j 3.
m2-* y?*x> - i C *3 3!
QO yt '3 3*
p
r. x
X
-w
.
— *-* f- x ic
r
\D tx w ©. - i
- X t© -3
'■
•©
!
:
bids,
1 w.
Wr'h’C
1834.
—
--
X c:
©.I
IS 35.
Week
—1 -1
y
to
^3
:
■
-1.0
- 1 X
^
©,
—
:
11 7.
Flour
'
0
^
X
b.
•
r. rz>
*
shipments from Western lake and river
r
•
-
the rail
ports for four years:
ir
c: i c
h-a
J
^ Vi t. r;
j
....
are
.
-1
-
I'or.al gtsln
to
—A
s
>—
0','-- -JO'
c:.h
——
210,775
,.4
^
0© -* X X
M
—
.
199,115
5,10-', 169
*><
=
—*
Bushels
Value
10.7^5
500
5.431
6,460
Fleur... ....bbls.
©
-■
143 031
014.458
©
•
—
'
23,500
238,18!)
‘4
-
O'
c.
'
©
28,303
173,133
609,338
•
2,050
17,601
32.900
157 003
©
•w
4.414
237.550
a
§*
23,003
22,888
2,500
9,201
3,015
5,419
15,000
Tot. wk. '85
a
>&- X X X
o y> x y
48,437
8,235
Same wk. 84
Same wk. ’*3
Since
-
7,080
90.243
20,000
•
e»!o©f-
•
i
-
2,938
.....
3t. Louis
tO T
X 05 CC
~ 05
3- X
O'
130,439
43,018
43.033
>-*
05 <J
M
X
X
X r0 to X
s
-
r*
Wheat
53 479
2,830
Cleveland.
■%
‘4
— o’
4* X to M ©
t-*
Zfl Z'l
Toledo
X -1 -t-
to -J
vio:
if-
b
Rye.
Rirlcv.
Bbls.imh? Bu8h.IV) 'by Bush.oOlb- Bush.32 lb? Bush AS lbs Bush.Sr U)»
77.517
151.023
817,905
21,050
793,3131
187,132
Chicago......
o;
bi
—
—
i
Value
05
Oats.
Corn.
TYheit.
Flour.
Receipts at—
00-1-1
yt -4
rZ 10 z t o X h— ' t -f — ©
t.
t.s
X -1 0 0* X —
rz* b* >* © - 1
l -• V X - 1
i
■
—
a
i
to — ^
—
1 -u 1—1 ©. C *- ! C- *1 *3 *' ' o
X X — C> O *• 3 . X 3
c: 3 xj
o w — — x
•
#
•
w
to T:-I (OO X -'to X —
X
-1 O' X X to -
I
O
*
rf-
•
M,
win
®
95
0
82
0 _85
85
65
Western
40
44^
e
1
:-r
io
o
X 5C O' ;
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to
•
.
•
p
>4 o. 35 X
X X ©j X
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to
.
•
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o i;
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35 ©5
1-
to
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tO X *•' x.
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1 2m
lo
to oo
c/. - ** x
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x to oo t
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to O'05
w
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yt x
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t o to o *- 5© x
tO :
tc to
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too/, to
t-*
to
H* r-*
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r—4
50,;
X 05 5 c
y 05 f* x
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toe. 05-x if- :ms
—
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•.
’
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X X X X
yt to o< x
to
o o c w ^ to ? c
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one. x O'
•
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to o to
•
.*.
-
tOiO
<i r e*
tb i~* rf*
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<
-
e- o: ao — e* o« ^to rfC'.V.MHOJJI 5
O .t'O
b
*
:
MM
) O' 0X © x 05
05 00 X
05
<1
-OOt — M
tO 05 <1 r-.-X X-1
•
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x
-a j«
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♦-
O'UX
:
to 10 ©.
.
;
05 o ©• •..*
03
59
70
02
38 V*
43 ,9
prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
Uke and river ports, arranged so as to present the compara¬
tive movement for the week ending May 10 and since Aug. 1
for each of the last three years:
Milwaukee..
w
00(50
o
:
•
r—1 '•* (C X
HWHJ-
qo >—* *~* -a
:
03
-J i^j —
l ( 0 -1 ©,
05©)
b a C5
50%
41
White
No. 2 mixed
No. 2 white
Bariev Malt—
Canada
State
to M
HODi—‘ X
i
•lit
to x o« o
p oi y. £>
o> oi*—*rx
OKJtC *Kl O O'. '-4
)-*
>•
Cn<i
m5jo«1>
10
00
57
Oats—Mixed
0 ’378
0
81
0
4t
48
&
statements below,
if* XU
h-«#-QC
State
The movement of breadstuffs to market i3 indicated in the
if-31*
00 00*
184.$
West. mix. No. 2.
West, white
©
"3 3 •
op:
*
90
01
92 01
54
0
55 *3 «
00
0
50
a>
0'»
CD
00
0
—
MW*
*
41 04
OG1^ d> 9712
1 02 u a 1 05
04
Bed winter, No. 2
Rod winter
White
r-.
70
79
37
aye—Western
10
©*:
»
*
South’n com. extras.. $4 003 4 85
Southern bakers’ and
5 000 5 85
family brands
Rve flour, superfine.. 4 35 9 4 70
3 25 9 3 75
Fiue
Corn meal—
3 15 3 3 40
Western, &o
Brandywine,
3 459 3 50
GRAIN.
3 3 GOOD
3:
6 00
0 25
5 20
Wheat—
>.
O
*■**"'.
Superflue
3 30
4 00
4 50
5 25
4 49
-
© © 00 00
5;
;
;
xx;
FLOUR.
Patents
9
* -X
•
3.- 5©
©
T+
'(£ ^
m
r--
© o
©
•
P©3©
=“5©
S“
the closing quotations :
are
bbl. $2 80 a>
3 50 d>
3 hOd>
extras.
d s,tra’t. 4 25 rt>
3 S03>
rextr is.
4 50 ®
XXX..
5 00 d>
3 800
ex
M3|S?b3|i-)
r
5C«
B 5
© © © x a
Sc
-
following
corresponding periods of the previous year:
with the
o o
The
following statement, prepared by the Bureau of
The
633
CHRONICLE,
THE
1885.]
May 23,
1,300
2,798
1,001
3,577
1,577
'
......
*
*
*
4J?
*
Total w’k
8’nie tim-
537,4)2
804,38 4
193,053
4,098
1,00 4
1 WS4
7 90,098
651.771
111.279
59.939
190.3 *5
58
,90
631
THE
The destination of these exports is as below.
CHRONICLE*
[VOL, XL.
movement of
We add the
importance in bleached cottons, and white goods
Prices of staple cot¬
ton
goods
continue
very low, and no material appreciation in
Flour.
Com.
|
Wheat.
values can be looked for until manufacturers make up their
Exports
1885.
1884.
1885.
1884.
1884.
1885.
for week
minds to gauge the probable wants of consumers with reason¬
to—
Week.
Week,
Week.
Week,
Week,
Week,
May 16. May 17. May 16. May 17. May 16. May 17.
able accuracy and govern their production accordingly.
It
should
not be forgotten by manufacturers that the
Bbls.
Bbls.
Bush.
Bush.
Bush.
Bush.
large
Un.King.
151,778
58,540
380,144
662,038
417,870 blocks of
204,454
goods sold privately and at auction within the last
956
Contln’nt
2,406
103,761
211,697
332,698
416,459
B.&C.Am
•250
9,593
29.942
ten days have not prone into consumption, but merely
11,122
14,340
changed
W. Indies
17.962
24,034
8,579
9,031
Brit, col’s
40
9,658
17,609
1,727 hands, and a lull in the demand will naturally be experienced
34
Otli.o’n’ts
422
21
324
for some little time, as many buyers have already
anticipated
their early fall purchases to some extent.
Total...
537,402
651,771
196,053
111,279
796,603
804,331
Print cloths were
dull on the basis of 3}£c. plus % per cent for 64x64s and
2%c*
By adding this week’s movement to our previous totals w^
have the following statement of exports this season and last for 56x60s, while there was a light business in piints, printed
season:
cotton fabrics, lawns and ginghams.
Domestic Woolen Goods.—There was a moderately good
Flour.
Wheat.
Corn.
in clothing woolens adapted to the coming
business
Exports since
1884-5.
season,
1883-4.
1884-5.
1883-4.
1884-5.
1883-4.
Aug. 25, to— Aug. 25 to Aug. 27 to Aug. 25 to Aug. 27 to Aug. 25 to Aug. 27 to
though the demand was somewhat less active than of late,
May 10.
May 17.
May 10.
May 10.
May 17.
May 17.
because many of the leading wholesale clothiers have already
Bbls.
Bbls.
Bush.
Bush.
Bush.
Bush,
placed liberal orders for heavy cassimeres, worsted coatings
On. Kingdom
4,749,887
3,001,7S2 20,600,058 19,800,698 27,549,925 .20,275,808
and suitings, overcoatings, &c.
For specialties in fancy
Continent...
298,578
272,202 17,559.503 12.880,056 10,157,781
6,935,830
8. AC. Am...
539,313
509,88ft
48,713
1,223
1,318,747 all-wool cassimeres and worsteds (as plaids, checks; &c.) there
1,095,745
West Indies.
021,209
1,000
019,391
37,385
311,804
305,336 was a
steady call, resulting in a fair aggregate business, but
Brit. Col’nles
140
419,412
424,210
8,010
121,303
08,923
cotton
Oth. oonntr’s
warp cassimeres were rather les3 active than in previous
53,000
24,523
23,071
17,507
79,331
118,274
weeks.
Fancy overcoatings were in fair request, but plain
Total
0,081,405
3,509.048 38,233,491 32,751.539 39,203,509 29,125,298
beavers
ruled
quiet, and the results of the auction sale referred
The visible supply of grain, comprising the stocks in granary
to
above
afford
at the principal points of accumulation at lake and seaboard
slight encouragement to manufacturers of the
ports, and in transit by rail and water, May 16 1885, was as latter—as far as regards cotton warp makes, at least. Cloak¬
follows:
ings have met with a fair share of attention, and 3ome pretty
Wheat,
Oats,
Com,
Barley,
Rye,
In store at—
bush.
bush.
bush.
bush.
bush.
good orders were placed for stockinettes and heavy-weight
New York
121
3,167,755
474,999
558,864
3,707 Jersey cloths, for future
delivery. Satinets ruled quiet, and
Do afloat (est.)
218,357
43,787
106,113
8,000
Kentucky jeans and doeskins were in meagre demand.
700
Albany
20,000
13,000
12,000
Buffalo
663,702
263,136
23.831
Shirting flannels were a trifle more active in some quarters,
30,103
Chicago
14,512,381
28,500
67,394
48,383
36,713 but blankets remained quiet, and there was a lessened demand
Newport Nows...
7,537
114,431
for worsted and all-wool dress goods, while some fair orders
Milwaukee
3,341,903
7,733
11.374
7,733
were placed for wool hosiery and knit underwear.
Duluth
7,045
6,336,263
19,000
corresponding period of last
for comparison:
year
have shown less animation than of late.
,
57,779
Oswego
8t. Louis
1,091.076
86,302
6,370
15,000
343,405
34,653
167,368
Cincinnati
44,185
76,081
248,676
203,186
761,102
6,126
37,000
553,814
Boston
Toronto
Montreal
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
Down Mississippi.
On rail
On lake
On canal
Tot. May 16/85.
Tot. May 9/85.
Tot. May 17/84.
Tot. May 19/83.
Tot. May 20/82.
1,319,449
18,662
24,429
35,498
916,903
37,042,169
726
25,000
73,164
28,553
72,823
15,930
20,399
50,439
92,673
400
1.474
397,362
38,575
33,000
95,131
201,854
40.059
614,492
736,651
-
5.342
20,000
2.530
33,723
3,340
34,987
25,861
19.326
13,549
8,088
24,000
1.000
3,421
22,313
4,578
1,200
1
Foreign Dry Goods were distributed in moderate quanti¬
ties by leading jobbers, but the demand at first hands has
relapsed into the quiet condition usually witnessed at this
time of year.
Imports continue light, and stocks of spring
and summer goods are in pretty good shape as a rule.
The
auction rooms presented 3mall offerings of assorted goods, but
none of the sales were of much importance.
Staple goods are
unchanged in price, but concessions on certain fancy fabrics
can readily be obtained by buyers of round lots, a3 is invari¬
ably the case at this stage of the season.
Importations of Dry Goods.
70.910
967,032 1,051,048
131.678
1.284,610
470,367
5,102,639 2 534,162
37.890,181
19,297,791
6,605,759 2 ,080,050
9,967,919 3,161,908
20,546,5S7 14.685,858 3,871,243
9,894,224 8,158,139 1.996,678
52,000
3 7,COO
47.056
2,170
49,969
293,841
251,166
405,035
227,002
492,617 1.248,903
790,570 1.734,269
999,119
139,701
The
importations of dry goods at this port for the week
ending May 21, 1885, and since January 1, and the same facts
for the corresponding periods are as follows:
H
FJ
X
o
72
?
DRY
GOODS
•
There
TRADE.
Friday, P. M., May 22, 1385.
C
a
toward the restoration of confidence.
rooms.
A feature of the week
was an
auction sale
of about 7,000 pieces Ashuelot cotton warp beavers. The goods
were not of a very desirable character, and the prices obtained
fully 20 per cent below agents’ holding rates. The job¬
bing trade was spasmodic and irregular, but a considerable
business was done in staple cotton goods by some of the large
firms who were liberal buyers at the recent trade sale, aud
there was a steady, though by no means active, movement in
most kinds of department goods adapted to the present season.
Domestic Cotton Goods—The exports of domestics for the
week ending May 19 were 6,250 packages, of which 4,476 were
shipped to Great Britain, 1,248 to Chili, 109 to United States
of Colombia, 99 to Venezuela, and a number of relatively
small parcels to other destinations.
As above intimated, a
very large business in staple goods was accomplished by a few
leading commission houses, low prices and unusually liberal
terms of credit having contributed to this result.
Brown
sheetings, colored cottons and cotton flannels were sold in
arge quantities in the above connection, but there was no
were
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Miscelano Manufctre Total. Isoelani amuotre
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As usual at this advanced
stage of the season, the general demand at first hands was
comparatively light, but a very large business in staple cotton
goods was done by a few of the principal' commission met
chants, who determined to close out their surplus stocks at
private sale on the auction basis, without having recourse to
the auction
a
^
*
S
_
CC(7<j2i
2: 1;
H»
c*
better
feeling in the dry-goods trade the past
week, the successful results of the late important auction sale
of standard cotton goods having contributed inho slight/Iegree
was
't
=
C
5
THE
STM*
§H
r+
•
5
!
73,185
1.261,689
789,355
123,600
1
Riclimod, Va
Toledo
Detroit
M
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@FedFRASER