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HUNT'S MERCHANTS' MAGAZINE,
RKPRESKNTINQ THB INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES
NEW YORK, MAY
VOL. 84
Financial.
AMERICAN
Note Company,
Bank
BrsiN«»rt
Fomron)
17S6.
ataUaf Htw Fork, IBM.
KEllHUANIZaD 1879.
NOIIAriUS AND PKINTmS OF
Financial.
DIAMONDS.
T. Bates & Co.,
J ames (KSTABLISnED
BANKERS AND BROKERS,
Alfred H. Smith
No. 14
JOHN
ASD HaVKNVa STAMPa,
LMOAL TENDBR NATIOSAL BASK tfOTBS
BOKDS. POSTAOa
&
ISOS.)
Co.,
NEW TOKK,
ST.,
nilU Bnlldlnc, Reir York.
Members of the New Tork Btoek Brohame.
Checks and Cable Tnuafan on JAMSS T. BATH
QC Oanara, Swltaariand.
IMPORTKRS OF
UM VimilU STATS3 and
/or
mamt JkntfH
Oovtmm0nl»,
Diamonds, Fine Rabies, Sappiilres,
and other Precions Stones,
84 DeTonakire &30 Wairr His., cor. app. P.O.
KNUKATINO AND PRINTING
IfOTBS, STATB AND RAILBOAD
EXCLUSIVELY.
BONDS. SBARB OERTirWATSS. BILLS Of
aXCBANQE. DRAFTS, CHECKS, STAMPS, Ac.
LONDON, 33 BOLBORN VIADUCT.
ta Toa nuasT and most Asnsna srrha
Lawia B. Tatu>b. Jb.
LniDLBT HAINia
PLATES.
VfLOM
on (UpotiU tubjeet to ehrek.
and other invcMlmenU bought and told.
Oorresimmlrnee inviled.
Ordert tretuted at Jtottnn and !few Tork Btoek
Xxehanga, of which lee are memberi.
or BANK
Inttrttt
Bonrtt
nmv
with ipMhl •afansnla to prareDt OounttrfHUmt
arAU4rmMm§. 8pmW papara auolaotarad axela>
ilreljr tor OM of the Oompanr.
Safety Tints.
Safety Papers.
Work
Railway Tickets of Improred
IfUA or vritlumt
Styles,
Colon, and TieieeU •f all Kindt
TRUSTBliS:
Jo*. W. Dr«zel.
T. M. Port«r,
P. C. Ltuatbuir.
A. O. Qood&ll, Prealdent,
JaoiosMacdonouifh. Vlce-PrMt.,
A. D. Bhepard, Vloe-Prealdent,
WB.Malii8iiiUU«, Vloe-Praat.,
J T. Roberteoo, vlo».Pr«elilent,
&
SOUTH THIRD STREET,
PHILADKLPHIA*
Stewart Brown's Sons,
&t slfcht, uid
Interest allowud on daily balances.
Stocks, Bunds, Ac, bought and sold on commlulen
In Philadelphia and other cities.
Particular attention tfiven to lafonuatlon regmrdIns InTeatment BeourHlee*
CbrU. Merer,
ANTWERP.
Psid-Up Capital, •~^,000,000 Frases.
BOARD or DIHBCTOBS
FiLix ORi!<AH. Prealdent.
Ai.FRBi> MAgciNAY'(Uraffft Maqalna7>,Vloa.Praa
Von i>ku Bkc-ki (Von dar Becke * MataUr).
Otto ucntucb (Curnallla-DaTid),
J. B.
BaiLI
I>1
liUTTAL.
Kka.vk (Frank, Model A CloJ
AL'O. NUTTIBOUM (Nuttebohm rraraa).
INVESTMENT SECURITIES.
P.
W.
Gallaudet
&
Co.,
BANKERS,
VNITED BANK BVILDINQ,
WALL STREET, COR. BROADWAY.
STOCKS, BONDS &. COMMERCIAL PAPER.
KR.
UHANIM
boL-18
J
WBBKKOd. Weber * Cle.)
ULia BAirrBNHTKAfcH
(C.
gcbmld
TRANSACTS
UENERAL
Asa
P.
4 CleJ
A
BANKlNtt BUSINESS.
POTTKB. Preet.
J. J.
KoDr. Caahler,
Maverick National Bank,
.......
.......
Aocoonta of Banka and Banken
CI.ABE.
H. B. BAOOW.
acid.
Samuel M. Smith,
4« WAI4L STREET.
Ai.mt IN
OItT Kallwar SvearlUea, Gna and
Staoka, Inaarmaa* Htrlp,
.
Vr. C. MCKCAX,
Member of N.Y. Stock Bxch'ga.
&
Lloyd
BAOOH.
McKean,
WTALL STREET,
FOBKTCk D. BARKKB,
Member N. Y. Stock Exoh.
NEW YORK.
on oommlsalon all Secorltlee dealt la
Stock and the New York Mlnlai
at the
Bxohaniiea. Depoelta reoelred and Interest allowed
on balances.
&
Elliman,
39 Wall
St,
New
S
EXCHANGE OOVBT, NEW TORK.
York.
WAL8T0N n. Brown.
UCHBKUT
Mem berof the N. Y. Stock Kxch
.
No. 20
Ni
n
Street,
New York.
ESTABLISHED
SPECLAL ATTENTION UIVEN TO THE NBQO>
TIATION or
1864.
RAILROAD SECVBtTIBS.
Coleman Benedict
No. 24
BROAD
ST.,
& Co.
N.
T STOCK KZCHANOB.
commission business aondnctad In the
purchase and sale of Stocka and Bonda on Marvin
strlctlr
or for tnrestment.
Complete rinanetal Report Isaaad
eorroapoodaats.
F.
I.
NEW YORK,
8TOCUS AND BONDS,
MBMBBRS or TUB
A
BROWH.
BANKERS,
Re
WM. Bllum N. Member uf tke N. Y. Mlnlnii Bxch'it*
Pru>. A. Bboww.
P.
Walston H Brown & Bros
BOUGllT AND SOLD ON COMMISSION
A. BUTTRICK,
Tinker,
EzcnanAe.
BONOS, STOCKS and 1NVK8TM KNT HBTU RITIBB
C.
Tore
Bnr and sail on oommlaslon, for Inreatmcnt nroa
marpn, all saooilUea dealt In at tba New York stock
BANKKHS AND BROKERS,
&
C.
STOCK BROKSB&
sell
New York
Uenuy
&
Barker
8 Plae Street, ffcnr York.
Bar •nd
NASSAU 8TRBBT,
BDTS AMD aaiiU
State, City and County Secnritlea.
CORllBSPONDBNCB 80LICITMD.
L. R.
& Bacon,
BANKERS AND BROKERS,
No*. 87
Aug. T. Post, Banker,
35
8.
Clark
lollelted.
CoUaeUona made apon farorahle terma.
OoTemment Bonda bousht and
JuSKPB p. LLOTD.
BUT AND SELL-ON COMMISSION
GoTemment, Rallwmr and HUaeellaneona Secarltlea.
Buttrick
«400,000
400,000
Stocka, Bonda and Gnremment Secnrltles bonght
and aold on commlaslon. Interest allowed on deposits subject to check at slKlit,
eoarlttea.
BOSTON,
CAPrTAL,
HUKPLCS,
Broun,
BANKERS AND BROKERS,
3 WALL STREET, NEW YORK
No. 34
ALU.
(Michtela Loos).
No.
Stocks and Bonda bought and aold on commlaalon
Bzohange.
Adranoea aiade on bnalnei* paper and other
&
Vysse, Sons
at N. 7. Stock
Ai>.
Jou. Da.n. FuBKMAN.v.Jr. (Joh,I>an. I^thraaaa.)
BotioHT AND Bold on coiongaioif.
IMTBSTICBNT SBCURITIBS A SPKCIALTT.
Taos. A. Vts«. Thob. a VTa«, Jb. C. c. Bbocx
W. B. D. Vysc Membtr N. Y. StocA Axkoofs.
61 ExchanKe PIa«e.
atr, Railroad, Oas, Klectrio Light and Hlacellaneoua
Stocka and Bonda.
Anversoise,
PINE STREET,
NEW YORK.
GoTernment Secorities, Stocks & Bonds
No. 38
ler N. Warren & Co
Schuyk
.
Centrale
Co.,
BANKERS.
DepotlU received sublect to check
A. V. atont.
U. H. Daoforth.
U. H. ButTner, Treuorer.
Theo. II. Kreelaad, Secretary.
Banque
&
A. Hawley
F.
Co.,
Bankers and BroKers,
140
Executed In Flreproal BBlltlInc*.
RAILWAY PRINTING A SPECIALTY
H. Taylor
L.
A
Bank of Deposit,
BOSTON.
/t
f
883.
Ftnandal.
BROADWAY, NKW TOKK.
14!I
Iiwsriuni<«il undtr L>tw$ of
NO.
27. 1882.
Mead
&
Co.,
STOCK BROKERS,
8
EXCHANC^K COURT,
NSW
X0]
Wire at BoOteaa
Broadwar and Twentjhfymitk SKvat,
Bur and aoll on comml salnn (or laTaatmeat or
maran. all swjuilt Wa daalt In at tkaMewYock atoiS
Branch
Office with Prlrate
1
<
Bkcnange.
weaUr
to oar
a.u.i<BAB.
•: I- #^£!.. -_..^' H.
llamtxr H,
T.
Ink.
Mo*
Co»»i
THE CHEONICLE.
u
Drexel,
xtaiaV street,
coknee of broad, new york.
Drexel
&
Drexel, Harje8& Co
Co.,
PAttlS.
DOMESTIC AND FOBEION BANKERS.
Securities
Deposits received subject to Draft.
allowed
bouKht and sold on Commission. Interest
Foreign Kxohange. Commercial
on Deposits.
Letters for
Cable Transfers. Circular
Credits.
Travelers, available In all parts of the world.
Attornkts aud agents or
Sc CO.,
IHessra J. S.
LONDON.
, NO. 22 OLD BROAD STREET,
Co.,
BANKERS,
MESSRS, DE ROTHSCHILD
and their correspondents.
Also Commercial Credits and Transfers of Money
on Callfomla, Europe and Havana.
Morton,
Co.,
COR. OF CEDAR,
ST.,
NEW
nOROAN
&
Bliss
85 NASSAU
TORK.
Issue Circular Notes and Letters of Credit for
Travelers also. Commercial Credits, available in all
parts of the world. Negotiate flrst-class Railway,
City and State Loans make tslegraphlo transfers
;
Brown
&
Brothers
Co.,
No. 69 WAIil. ST., N. ¥.,
BUT" AND SELIi
;
of
money and draw Exchange on
LONDON.
. kts
\ p
'
MORTON, ROSE & CO.,
HOTTINGUKR & CO
B1L.L.S
IRELAND, FRANOB, CREDIT LYONNAI*
ON GREAT BRITAIN AND
NORSWITZBRLA^JD.
AM8TBBDAMSCHB BANK, - GBRMANY. BELGIUM.
WAY, DENMARK, SWEDEN AND HOLLAND.
Issne Commercial and Trayelers' Credits
C.
S.
IN aiERLINO,
AeSKTB FOB
ATAILABLK IN ANT PART OF THE WORLD.
OF EXCHANGE
G.
in Franog, in Martinique
And
and Guadaloupe.
TRANSFERS
MAKE TELEGRAPHIC
OF mONEY
BBTWEEN
Kidder, Peabody
J.&W. Seligman&Co.,
Cor.
BANKERS,
BOSTON, MASS.,
Wall and Nassau Sts., New York.
FOREIGN BANKERS.
BROADTTAr,
NEW
YORK.
Issne Letters of Credit for TraTelers,
Drslr Bills of Exchange and make telegraphic
transfers of money on Europe and California.
&
Co.,
No. 8 Wall Street, New ITork,
No. 4 Post Office Sqnare, Boston,
CHEQUES AND CABLE TRANSFERS ON
nilTNROE &, CO., PARIS.
STERLING CHEQUES AND BILLS AT SIXTY
DATS' SIGHT ON
ALEXANDERS
ClI10<rLAB
J.
€0.,
&.
LONDON.
Stuart
&
Co.,
J.
NASSAU STREET.
BILLS OF EXCHANGE ON
SniITH, PAYNE & SniTH'S,
BANKERS, LONDON
HANCHESTER & COUNTY BANK,
;
BELFAST,
BUT AND SELL STERLING EXCHANGE, CABLB
TRANSFERS, ETC.
ISSUE COMMERCIAL CREDITS, AVAILABLH
IN ALL PARTS OF THE WORLD.
Calttornia Banks.
The Nevada Bank
OF
SAN FRANCISCO.
York Agency, 62 VTall Si
8UEPLD8, INVESTED IN U.
$4,000,000 GOLD.
GFORGF
COHEPANIT,
nSLAND
NATIONAL BANK OF SCOTLAND,
BDINBURG, AND BRANCHES;
BRANDEB,
BONDS,
Agent.
ISSUES Commercial and Travelers' Credits, available in any part of the world. Draws Kicha-nge,
Foreign and Inland, and makes Transfers of Money
by Telegraph and Cable.
LONDON, Head Office, 3 Angel Court.
SAN FRANCISCO Office, 422 California
BARING BROTHERS <& CO., London.
FERIER FRERES &. CO., Paris.
MENDELSSOHN dsICO., Berlin.
NEW VORK
NEW TORK:
Aathorlzed Capital, Paid up and Reserve,
LONDON:
PARIS:
SSI^^q'^CTCEY. W.RDS8ELI.WISE. T.E. DAVIS.
William Heath
(Established
&
Co.,
1861.)
bankers and brokers,
BROADTTAT, NEW^ TORK.
No. 80
Members of New Tork Stock Exchange.
FORfiiaN EXCHANGE. CABLE TRANSFERS.
William Heath
&
Co.,
BANKERS.
Elng:.
Draw Bills of Exchange and transact a general
financial commission business. Particular attention
given to American Securities.
William Heath
&
Co.,
BANKERS.
Orders solicited for London and American markets
for Investment or on margin. Railway, State and City
Loans negotiated.
&
Schulz
Ruckgaber,
BANKERS.
AI.BO.
CABLE TRANSFERS AND LETTERS OF CREDIT
Ij.
8.
(LIMITED).
aOSRESPONDENTS :
OH TBS
A}n>
Canadian Bank of Commerce,
16 EXCHANGE PLACE,
Anglo-Californian Bank
COHMEBCIAL AND TBATELEBB' CBEDITS.
No. 8 Place Vendome, Parla.
;
WALKER,
THE
"LIMITED;"
ULSTER BANKINe
B. E.
JOINT AGENTS
BOSTON
i% TPtUlam
Street,
New
ITorfc.
St.
Agents, J. & W. Seli?man & Co.
Correspond'te, Massaoliusetts N. B'k.
-
$6,000,000.
1,T 00,000.
Transact a general banking business. Issue Com.
mercial credits and Bills of Exchange, available in
all parts of the world. Collections and orders for
Bonds, Stocks, etc., executed upon the most favo^
FBBD'K F. LOW, „ I "*"***"
able terms.
Managers
P. N.
IGNATX STEINHABT, S
LILIBNTHAL, Cashier.
Foreign Bankers.
The City Bank,
10 Throennorton Ave., I^ondon,
33
MANCHESTER, PAYABLE IN LONDON
GOABBT &
AND
NOTKS ANU CBXSITt VOK TSATSUBS.
&
H.
J.
CABLE TRANSFERS, BILLS OP EXCHANGE
Parable In any part of Europe, Asia, Africa, Anstralia and America.
John Munroe
Co.,
IforK.
;
New
&
Co.,
Accounts and Agency of Banks, Corporations,
Brms and individuals received upon favorable terms.
Dividends and interest collected and remitted.
Act as agents for corporations in paying coupons
and dividends also as transfer agents.
Bonds, stocks and securities bought and sold on
oommission.
Sound railroad and municipal bonds negotiated.
Sterling exchange bought and sold. Drafts on
Union Bank of London.
28 STATE STREET, BOSTON.
OF DRAFTS drawn
niAKE COLLECTION!*
abroad on ail points in the United States and
Canada, and of Drafts drawn in the
United States on Foreign Countries.
No. 94
63
BANKERS,
VriUiam Street, New
Ward,
G.
BARING BROTHERS &. COMPANY,
S3 WALL STREET, NEW TORK.
OTBEIl CODNTBIES.
AND
THIS
&
AMSTERDAM.
&
Jesup, Paton
Nos. 19 &. 21 Nassau Street,
Issue Travelers' Credits, available in all parts of the
world, through the
Haassmann
No. 34 South Third Street 31 Boulevard
PHII-ADEIiPHIA._
&
Co., August Belmont
&
Morgan
Foreign Exehange.
Foreign Exchange.
Foreign Excbange.
XXXIV.
[Vol.
(LIMITED.)
ENGL. AND.
L,0ND01V,
Anthorfzed Capital
*4'.9S2'8R8
3,-400, 000
Subscribed Cnpital,
Paid-Up Cnpilal
SOO.OOO
Reserve Fund, UESSCOOO.
HEAD OFFICE, THREADNEEDLE ST.
BRANCBES:
Tottenham Court Road
London.
Paddlngton, London.
Aldgute, London.
Street.lLondon.
I Old
general business
The bank, while conducting the attention
to the
special
gives
Bankers,
of London
agency of Foreign and Colonial Banks.
A. G. KBNNKDT, Manager.
London,
Ludgate Hill, London,
Knightsbrldge, London,
Holborn, London,
Bond
Street,
|
I
(
COBBESPONDKNTS OF THE
Knoblauch
&
Lichtenstein,
BANKERS,
39 TVUllam
St.,
eor.
NEW
TORK.
all principal cities
Letters of
of Europe.
SPECIAL PARTNER,
Berlin.
DEUTSCHE BANK,
J.
U. Lathau.
J.
H. Latham
F.
W. PKEBT.
&
Co.,
UNITED BANK BUILDING,
2 WALL STREET.
IlVVESTME?iT
SECURITIES,
My, RaUroad it MitetUaneout Stocks and Bondt
FOREIGN EXOHANOB.
of
London (Limited)
London.
Measrs. John Berenberg, Gosaler Oc Co.,
Bamburir.
Commercial and Travelers' Credits, Bills of Bz-
John
J.
8.
Kennedy.
S.
J.
Kennedy Tod.
&
Kennedy
Co.,
WILLIAM STREET,
No. 63
DOMESTIC AND FOREIGN BANKERS,
DRAW BILLS ok LONDON.
BVS
OF BXCHANGB.
BII.I.S
ACT AS AGENTS FOR BANKS, BANKERS AND
RAILROAD COMPANIES.
Issue Commercial Credits and Foreign and Domestic
Travelers Letters of Credit In Pounds
Sterling
Coupons and Foreign and Inland
Drafts.
LONDON COBBESPONDENTS:
Messrs. lMeltxlle,
Australasia,
(INCORPORATED
No.
1835.)
London, EnKlend.
PAID-UP CAPITAL, fl.iOO.OOO.
4 Threadneedle
St.,
(including Guarantee Mid
Reserve Funds) £441,089.
issued on the 87
Drafts
and
Credit
Letters of
branches of the Bank in the Colonies of Queensland.
South Australia, Tasma^
New South Wales, Victoria,
sent for
nia, and New Zealand. Bills negotiated or
Deposits
Collection. Telegraphic transters made.
on
received in London at interest for t^xed periods
terms which >naypb^asg3rtalned^«.ye office.
^^^^
Adolph Boissevain & Co.
BANKERS
and Dollars.
BUT AND SELL INVESTMENT 8ECDRITIES
Collect Dividends,
Bank of
UNDIVIDED PROFITS
Cable Transfers.
Ghange,
ExcbauEe Place,
Hake Telegraphic Money Transfers.
Draw Bills of Exchange and Issue
Credit on
Bank
International
etans A
HAUBBO &
Co.;
SOS.
Messrs. C. J.
coinmissioN itierchants,
AMSTERDAM, HOLLAND.
Co
N. T. CorreBPondents-Messrs. RlAKB Beob. A
:
Mat
BMiken.
AOBMOT or TBB
Forelcn Bmiken.
Ncderlandsch Indischc
Handelsbank,
C-apKiil, 13,000,000 (Jolldera
(^'I,ti00,000 liuld.)
IIKAI) OKKICH IM AMHTHUDAM.
Ai«noi»i i>. U»t»TlB, Huanb*]r»uid8uB«nu>ii
CumapondtnU
In l*ad«n<.
luns oommcrolml oradlta, niak* iidTanoM on ihlp
of itapl* mcrohuidlM, uid tnuuM* other
of » dnnnoliU ohnrmotar In oonnMtloa wttk
the trada with the Dnteh But India*.
nanu
bulnoH
Hong Kong &
Btarllng sohaaa* and Okbis Tran»
leans dsoiand drafts on Ssoiiand and Ireland
also on Canada, British Colambla, Portland, Oregsn,
San ITranolsoo and chloagn.
Bills oollsstsd and other banking bnslnsss tnuu
D. A. McTAVISU,) .
I* gsats
W. LAWHON.
oi>
and
I^iiiiliin.
A. M. TOWN-SENI), Acent. 47 WllliRm
I4t.
Uaiikem
4:^Hiiu<llHn
STOCK BZCHANaSS.
UEAU OPVICE, MONTREAL..
QBOROK UAOUB, General .Maniwer.
WM. J. INUKAM, AMlstani (Teneral lUnacer.
BANKERS
Bx-
ohange, Cwble Transfers, Issues Credits available in
all parts of the world, makert colleotlons In Canada
and elsewhere, and issues Drafts parable at any of
the offices of the bunk In Canada. Demand Drafts
Isaved payable in Scotland and Ireland, and eTery
deecrtption of fureiftn banking business undertaken.
Mair York Agency, 48 Exchange Place.
HKNKY HAGUE,
( .„,.„,.
B. UAKKIS, JR., !***""•
Ckloaca Braneli, 138 Washington Street.
MKRBDITU,
C. F.
$13,000,000, Gold.
6,000,000, Cold.
•
BKrrSERS,
W.
Noa. 69
Co.,
40
IN GOVBRNMBNT SRCURITIB8
County and Railroad Bonds.
DBALERS
Btate.Clty,
Tower, Giddings
No. MS
Boy and sell
Sterling Bzohange, Pranca and Cable
Transfere; grant Commercial and Trarelera Credits
arallabis In any part of the world Issue drafts on
and make eolleotlons la Chlosso and tbroagboiit
;
Imperial
Bank of Canada
Capital, $1,000,000,
H. S. ROWLAND. Pres't D. R. WILKIE, Cashier
UEAO OFFICE. TORONTO.
BlUHOaJIS:
St. Catharines, Port
B AMKEB8,
DEVONMIIIRK HTREET,
BOSTON.
:
(
Bo8A .surer. Salt A Co., Baxk or Mu.vtrbal,
7H Lombard Street.
Wall Street.
I
I
M
Promptest attention paid to ooUectlons payable In
any part of Canada.
Approved Canadian business paper, payable in
gold or currency. dti.counted at the Head OlBos on
reasonable terms, and proceeds remitted to any
part of the United States by drsift on New York.
Gzowski & Buchan,
Banksbb AND Stock Bbokbbs,
TORONTO,
CANADA.
Prompt attention glTen to Collection of CommerFunds on all points in Ouiada: AnitTicnn and Sterling Kxobauge, and StoeJts,
Bonds, etc., bought and sola.
Correspondent*— Bank of Nsw Vark, He* Fork
tad Aluaaoe Bank. Londoa.
cial Hill, arut Ciinad'.an
BALTinORB.
TRANSACT A OENBRAL DOMESTIC AND rOK
BIQN BANKING BUSINESS.
J.
W. MlDDINDOBr, W. B. OUTBB,
C. A. ALBEBTI,
Members Baltimore Stock Bxchange.
MiddendorfjOliver
& Co
BANKERS AND BROKERS,
S. W. Comer German St l^oath 8ts.,
P. O. Box tan.
BID.
Special attention given to the negotiation of For
eign Bills of Exchange, Collateral Loans and Commercial Paper.
INDICATORS AND TKLBPHONE IN OPKICB.
&
Co.,
BANKERS AND BROKERS,
BALTinORE.
INTB8TMBNT
and TIRQLNIA 8BCC7BITIB6 a
specialty.
Correspondence solicited and information fur-
Orders for Stocks axeouted In Boston,
Nsw York
nished.
N. Y. COUUSPOKDEXTS— McKIm Brothers
A Oo.
and other markets.
CBABLXS H. 8Bn.nON, JR.,
JOHHITA WlLBOnR,
BiNjAHiN A. Jackson, William Binnkt, Jb.
BANKERS AND BROKERS,
32
Sonthem Banl&cn.
THOS. P.MILLIK. K. n. WILLIAMS, JNO. W. HILLKB
^^
CHAS. B. MILLBIt.
Thos. P. Miller
PROYIDENCE,
R.
I.
Dealers In Commercial Paper, Ooremment and
other flrst-class Bonds and Securities and Foreign
Exchange.
I'rirate Telegraph Wire to
New York and Boston.
C. E. Jackson
&
Co.,
Buy and
OoTernment, State, Mnnlcipnl and
Railroad Bonds and Stocks. Inrestments for Sstsell
ngs Banks a specialty. Correspondence solicited.
Philadelphia Bankers.
Jos. M.
SBOCMAKkB.
Thomas & Shoemaker,
BANKERS AND STOCK BROKERS,
PHILADELPHIA.
134 South Third Ht..
Dealers In all Issues of United States Bonds.
Inrestment Securities a specialty. Correspondence
nTlted and full Information npon linanclal subjects
Co.,
mOBILE, ALABAKIA.
Special attention paid to collections, with prompt
remittanoes at onrrent rates of exchange on day of
pavment
Correspondents.— Nstlonal Bank of State of
York. New York lx>nUlans National Bank,
Orleans Bank of Liverpool, LlverpooL
:
New
New
;
WM.aCOCTBTNKT.Pres. BKNKSrn.PBINOLI.Cash
BANK OF CHARLESTON,
NAIIOKAL BASKINO ASSOCIATION,
CHARLESTON, 8. C.
Spbcial ATTSirrioN eiriN to CoLLCcrioirg.
nAUR¥
R. H.
CO.,
A.
STOCK BKOKRRS.
RICHMOND, VIRGINIA,
M
Bny and sell Oovemment, State, nnlelpal aad
Railroad Bonds and Stocks, Ae. Virginia State TaxReoeivabie Connons booght and sold. All orders
promptly attended to.
NewTork Correspondent.
TBRMILYB A OO.
A. K.
E. E. BintBUSS, l^es't.
WALKIB. Cssnwr
First National Bank,
WILMINGTON, N. O.
Collections
made on aU
parts of the United Statee
MERCHANTS' NATIONAL BANK,
furnished.
A. P. Turner & Co.,
BANKERS,
Kn.'i07 Walnut Place,
&
BANKERS,
WEYB088ET STREET.
G«0. C. THOMAS.
Colboms, Bt. Thomas, Inaersoll,
Walland, Kergns, Woodatoek. Winnipeg, Man.
Dealers in American Currency A Sterling Kxehange.
Agents In London
Agents In New York:
No. 7
Co.,
Caaada.
Oflce, No. 9 BIrchin Lane.
Sons,
BANKERS,
SODTH 8TRKBT,
Wilson, Colston
&
flIIDDLETO\rN, CONN.,
London
&
Robert Garrett
BALTIUORE,
STATE STREET, BOSTON.
Wilbour, Jackson & Co.,
President.
1/SW rORK OtPlCB,
dc 61 UTALL SXHEET.
Waltkh Watson, {AgenU
( .„„„,.
ALix'KLANO,
Um Dominion of
&
BANKKRS
BUCHANAN, General Manager.
J.
ooUatarais.
Deposits reeelTOd ssbjeet to cheek at sight.
CoUeotiona on all points In D. 8. and
Stackpole,
Chas. A. Sweet
Manacer.
Bank of Montreal.
CAPITAL,
SVHPLUB,
&
DBVONSHIEB STREBT,
BOSTON.
No. 60
JOHN
J. S.
Bonds and asenntlas.
I
Dealers In IManldpal, Htace. Ralirsad and
Datled Hiatea Bonds.
iX)NDON. BNO.-Tbe Cljrdesdxle Bank (Limited.)
NKW yoIlK-The Bank of Now York, N. B. A.
sells Sterling
deserlptions of Stooks,
Special Attentlcn glren to Inreiitiaenta.
Loans negotiated sn 1 adTsnoes made on UaproTsd
ALSO.
President, the non JOHN HAMILTON.
Vlce-Prcslilcnt. JOHN MoI.ENNAN, Bsq.,M.P.
The New York Axenoj buys and
BALTIMORE.
Transaet a Oenaral Baaklac Baslaess.
BANKERS,
$5,700,00« Paid Up.
.
John A.Hambleton&Co
BANKBRS AND BROKSBB,
No. < NOUTH MTBBBT,
Bay sad sell on Oommlsaloa la Ikis and other aitlea
UBMBBHS OP TH8 NKW YORK AND BOSTON
Parker
•F CANADA.
-
ItallliiKtrv ltllllk(^r«.
all
CONORKS8 STRKET,
BOStTON.
36
Merchants Bank
Capital,
Twmairr ouritiw.
aoits and Bonds boa«ht and soM on OoBBlaslea
Co.,
BANKERS,
No.
The Corporation irrant Drafts, lun« Letter* of
Credit for u«e of Trsrelera.and neaotute or oolleot
BllleMysbleet Bombajr.Calonite, Singapore, Saljcon,
Manila, Rons Kong, Kooohow, Amo7, NInjipo,
ShanKhn), llHnkow, Yokutaama, IIIoko, San Kranoli-
Mtreet, Pblla^lpkla.
CAR THUaTS AND OTUBR M-
IN
OMMMStsiHapssM W*r*ftUhtfnt rsrka««PM»
&
Brewster, Basset
KONO.
Co.,
Bay and Mil
18,000,000
3,100,000
HEAD omOS, BONO
itTRBBT.
fare,
Shanghai
RBSHBVKVUNU
WALL
M Sooih Thim
DBAUIRS
Neiv England Bankers.
BANKING CORPORATION.
CAPITAL (Wld-np)
Ms.
North America,
No. 6t
HLAKB BHOTIIKHS
4c OO.,
AGENTS roH NUKTB AMIRICA,
18 WALL 8TKEKT. NKW TOBK.
K STATIC 8TKRKT. BOSTON'
Clark &
ANKEH9,
W.
E.
or
British
RHTAni.iHnin in IWB.
Philadelphia Baakcrs.
Bank
AmBTKHDAn, HOLLAND.
Pald-Vp
m
THE CHRONICLE
27, 188S.J
RICHMOND, VIRGINIA.
Collections
made on
JOHN
OUDnr.Cash.
PHI I. A DELPHI A. JoHX F.
GoTernmont, 9tate, Municipal and Railway Bonds
and Stocks bnuxht and sold at all the Bxcnangas.
Inyestments prudently made In sound railway se>
onrltles. Collections promptly attended to.
CorrespondenU carefullr represented at AnetiODS
and Private Sales. Bonos of good, but not wellknown railroads always wanted for Inrastments at
tke hast rates. Ordsrs on martins not eatertaiosa,
all
terms; proaspt retarns.
P.
Sonthem
points
_
BRANCH.
on best
Prssldeat.
ntan. B. 8ooiT,Tlee.Pres1.
BRANCH *
THOiHAS
CO.,
BANKERS AND COUMISSION MBBOHANn,
RICHMOND, VIROINIA,
Information on nil rlninns nf Jns t hst n n e niil lles
rspeoially Bute Bonds, Tag OoaiKHU, A* _0or.
rsapondsnos ioUaited.
THE CHRONICLK
Financial.
Bankers.
M'^estcrn
Gio. A. LKWIS,
Bank of
National Bank,
First
U.
1.0UISTI1.L,K,
This bank has superior facilities for makinff collections on all accessible points in the United
States, Canada and Europe. Liberal terms extended
to accounts of bankers and merchants.
ProoeodB
Accounts ot
best rates.
at
Bunks and Bankers
CoRRKSPONDENTS.— New York, National Shod
Leather Bank; London. Union Bank of London.
solicited.
&
John V. Hogan
Co.,
p. F. Keleher
I.017IS,
NEW YORK.
TRANSACT a GBNEKAIi BANKING
DEPOSITS
received and
Buy and
Mo.
Bonds.
Sam'l A. Gaylord,
IN
Illinois
Investment Securities for
bought at best ratesCorrespvndence
sale.
solicited.
Wabhkj;
Stocks, Bonds, &c., bought
Farm Mortgage
I.AWRENCE, KANSAS,
Offers to investors the best securities in the market.
and sold for cash or on
RAILROAD SECURITIES
(As intimate knowledge of
BoNSBBAKB, V-Pres.
Market Rates.
R. T. Wilson
BANK OP KANSAS,
CENTRAL
No. 17
8UCCE880KS TO
A. PREHCOTT &:
BANKERS,
Capital, ..----
CO.,
TOPEKA, KANSAS.
8100,000
GENERAL BANKING BUSINESS TKANSACTBD.
Collections and correspondence receive prompt attentlon.
COBBESPONDKNTS.— Boston, National Bank of
North America; New York, American Exchange
national Bank and Ninth National Hank; Chicago,
Preston, Kean & Co.; St. Louis, Third National
Bank Kansas City, Bank of Kansas City and Mer;
Bank
Thos. M. Thornton.
Wm. W. Thornton,
SHELBYVILLE, ILLINOIS.
Collections made In Shelbyand adjoining Counties
and Proceeds remitted on Day of Payment.
RKFBRBNCKa— National Bankof Commeroe.New
York. Un
i National
Bank, Cincinnati. Third
National Bank, St. Louis. Traders' Bank, Chicago.
Indiana Banking Company, Indianapolis.
MORTGAGE
upon improved
farms in the best portions of Kansas and Missouri,
worth from three to six limps the amount loaned.
Interest 7 and 8 per cent semi-annual, and always
collected and remitted to investor free of charge.
Over a million dollars loaned and not a dollar lost.
Savings banks, colleges, estates and private Individuals who want SAt'B and I'ROFlTABLB Investments, write for circular and full Information.
o.
13
WALL
Co.,
BANKERS AND BROKERS,
WALL
STREET,
NEW YORK.
CHAS.A.MlLLaB. JAS.FBANCIS. BDWIN J.HANKS
JOHN PONDIB. BDCAKD MEKTENS. AOO. NATHAN.
Pondir
&
Co.,
Bonds & Inrestment Securities,
EXCHANGE PLACE, NEW YORK.
stocks.
Orders executed on
flKArkets.
tlie
London and Bnropean
Floyd- Jones
3€cUch
No. 31
Wh.
b.
Kendall.
Bxoh.
Sc 3i(2^nhaMj
WALL STREET,
to
1^^^^;^™^
HENBY BOWERS.
Jr.
Membeis N. Y. Stook Exoh.
Howard
Lapsley
&
Co.,
BANKERS AND BROKERS,
6
Henry
WALL STREET,
Bros.
&
Warfield,
BROKERS IN
STOCKS AND BONDS, DNLI8TED SXCUAITIES AND MINING STOCKS,
52 BROADWAY.
OOUGLAS HXNRY.
CHARLXS SITON HHNBT
Member N.Y. Stock Ex. Member N.Y. Mln. Stook Bx
Daniil Wahfisld.
Lummis
&
&
Robison.
No. 2
EXCHANGE COURT.
Bonds and
bought and sold
or on margin.
C.
all
[strictly
Investment Securltle
on commission] for casl
M. ROTTEB,
Member of N. Y. Stock Bichange.
Rutter
&
W.
N.
WALKIK
Walker,
BANKERS AND BROKERS
Buy and
Sell
BROADWAY, NEW YORK.
on Commission, for cash or ob mar
gin, all Securities dealt In at the
New York
itoci
Interest allowed on dally balances
Particular attention paid to orders by mail or tele'
graph.
New York.
&
FLevD-JoNES
William HoBiaoKt
Members ot the N. T. Stook Sxohanffe.
C.
Exchange.
NEW YORK
STREET,
WM. D. Hatch,
Member N. Y. Stook
No.
Financial.
Miller, Francis
Schley,
Co., BANKERS AND BROKERS,
Refer
Messrs. Fish A Hatch.
1.1>ANS
A SPECIALTY*
No. 80
&
Stocks
Cash paid at once for the above Securlttefl; o
thej will be sold on oommiaalon. at seller's option,
Stocks,
BROKERS,
Jarvis, Conklin
KANSAS CITY, MISSOURI.
FIRST
Street,
Obant b. sohlkt
ebnsst gbossbiok,
Members N. Y. Stock Exchange
i
&
130 La Hnlle
«lght.
F.
1809.)
Dealings In
BANKERS AND BROKERS,
CHICAGO.
Groesbeck.
PINE STREET.
Insurance
W.
Field,
Stocks and bond« bought and sold for cuh or
on maigln.
Interest allowed on deposits, subject to ofaeok at
Oaah.
THORNTON A, SON,
(Established
BANKERS AND BROKERS,
W.
Street,
Co.,
Bailey,
S.
7
St.
Day &
NEW YORK.
Municipal Bonds and Mortgage Loans Negotiated
Bight per cent Farm Mortgages a specialty. A
chants' National
New
&
2 Rxcl^anice Conrt, Neiv York.*
BANKERS AND BROKERS.
B. B.PBBSCOTT.As.Casb,
the past 10 Yearaj
Investors or Dealers wishing to bay or sell an
invited to communicate.
State, Municipal anc
i^llwav Bnnds and Coupons bousht and sold at bwl
E.
Transact a general Banking Business, including the
Purchase and Sale of all Securities dealt in at the
New York Stock Exchange.
Interest allowed on deposits snbjeot to sight draft
John Francis, Cashier,
A. PB118C0TT, Pres.
all for
A SPECIALTY.
BANKEBS & BBOEERS,
Colbron,
30
BBOAD STREET, KHW YORK.
No. aO
UNITED BANK BUILDING,
WARNE,
48
Fred H. Smith,
BANKER AND BROKER,
Caldwell, Hay & Washburk
CHAS. B. Caldwbll, late West Si Caldwell.
Silas C. Hay, Member N. Y. Stock Exchange.
LANsiNO C. WA8HBUBH, lat« Whlttiugham A
Washburn.
Interest and principal paid on day of maturity in New York. Funds promptly placed. Large
experience. No losses. Send fur circular, references
and sample fomis, F.M.PKRKINS. President; J. T.
Vice-Prest.; L. H. PERKINS, Secretary;
CHAS. W. GILLKTT, Treas.; N. F. HART, Auditor.
FARMS.
I.
INTEBK8T ALLOWED ON DEPOSITS.
BANKERS AND COMMISSION MERGHANTt
FIRST MOIITGAGE LOANS UPON IMPROVED
P.
Bought and Sold on CommlBslon*.
Virginia Tax-SeceivabU Coupons Bouaht.
T. James.
margin.
Broadway and Wall
Co.,
Co.,
BROADWAY, NEW YORK,
.
THE W^ESTERM
,
Co.,
Commission Stock Broilers,
BROAD STREET, NEW YORK.
John S. James,
Member N. Y. Stock Exch.
I.OCIS,
WESTERN SECURITIES
and
&
James
S.
No. 16
Defaulted County, Township and City Bonds of
Missouri, Kansas
John
&
SOUlHERN SECURITIES A SPECIALII.
LOANS NEGOTIATED.
HOLT
GEO. H.
TAINTOR.
M18CBL.
BANKERS AND BK0KKR8,
allowed on
Private telegraph wires to Providence and Boston
O. B.
8SIJ.
R. A. Lancaster
OOTBRNMBNT, MUNICIPAL and
sell
RAILBOAB
Western Investment Securities for
sale. St. Louis City and States of Missouri, Kansas,
Texas, Arliansus and Colorado Bonds a specialty.
Full Information given in reference to game on aplloation. Coupons and dividends collected.
DEALER
business.
INTBUB6T
First-class
ST.
BUT AVD
balances.
& Co.,
STREET, ST.
WALI. STREET,
No. 1«
Foote,
WALL STREET,
DEALERS IN
First-class Investiuent Secnrltlea.
GOVKKNMKNT BONDS, STATK, CITY, COUNTY
RAILROAD & MISCELLANKOnS SEUtJUITIBS
Holt,
BAKKBRS,
DEALZBS IN
Western and gonthwestern Municipal and Ballroad
Bonds or Stocks.
Defaulted bonds a specialtT. Choice Investment
securities alware for sale. Write to us before you
buy or sell any Illinois. Missouri or Kansas bonds.
No. 13
GOVBBNMBNT BONDS. STOCKS AND
LANBOUS SIKIURITIBS,
6«
&
Taintor
&
8treet, St. Lanis, Ho..
113 No Third
305 OI.1VB
N. Y.
&
Hatch
BANKERS,
$300,000.
BUFFAW),
KENTUCKY.
8peol»l attention given to collections.
promptly- remitted
Buffalo,
CAFITAI^
DEP08ITOEY.
8.
Financial.
8HSBHAK 8. JEWBTT, Pres. JOSIAH jEWETT.V-PrCS
WlixiAU C. CoRNWELL, Casbier.
A. L. 80HMIBT, Oashler
Pres't.
XXXIV
[Vol.
Day,
John
Geobqe Stabb.
George Stark
&
F.
Stabk.
Co.,
BANKERS,
No. 33
any and
NASSAU STREET, NEW YORK.
Investment Securities for cash or oi
commission. A specialty made of Western Fara
Mortgages bearing from 7 to 10 per cent Interest.
Will undertake the negotiation of loans npoi
Western City property in large or small amoanti.
sell
Gwynne & Day,
r£stabli8hedl854.]
No. 45 Wall Street
Transact a Keneral bankloK and brokoraffe bail
ness In Railway Shares and Bonds and QorernmflO'
securHles.
Interest allowed on deposits.
InTestmentfl oarefuUr attended to.
l3oodt|>
&
BANKERS,
So.
38 Broadvray. cor. Exchange Place, N. Y
Branch Office, 128 La Salle St., Chicaco.
TRANSACT A GENERAL BANKING BUS1NB8S
INCLUDING THK PUUCHASE AND SALK 01
STOCKS AND BONDS KOR CASH OR ON MAR
DREXEL BUILOINO, Cor. WALL GIN.
BUY AND SBI.L INVKSTMKNT SKCURl
and BBOAD STREETS,
TIES. INTEREST ALLOWED ON DBPOSITI
BANKERS AND STOCK BROKERS. SUBJECT TO CHECK AT SIGHT.
P. O. Box 447.
WnxLAM LuHMia,
BKNar DAT
C. W. MCLKLLAN, JB.
D. A. BOODT,
MwBbon of N«w York Stook Bubaosa
F. O. SALTOKBIAU.
Bbdbsn Lblaitd,
No«. Si and 35
:
Mat
:
THE (JHRONK^LE.
97. 1889.J
Financial.
FInaaelal.
ISonda or Suretyaihip. Wood, Huestis & Co.,
FIDELITY A CASrAl.TY CO.
81 PINK 8T., NKW YOKK.
NMW
or
TORK.
BAKKKUtt AMD BBUKRRM,
MM 000 00
AM«t«
(uoonaoBa to
(.plul iKTeitod InU. H. Dunda
UO.MOOO
On (lApoflit with Innuntnne DnpftrtnlAnt.. lOA.OOO 00
WOOD *
DAVIS.
HullroKda nnil Trftniui>rt«tlon
Companl**. Maniiaorti, Hoorot«rt»« nnd Cl«rks or
I'uhflo (Vimpitntos. InaLltuilont ftncl CommAroiiil
*'
firmiifi >ocurlt7
from thli CoDpaay ftt
Ol.'t'i.
tltla CompAnr Kre aoMptod by lb*
cm
--litn of Now York.
Kull liilunuutlon
to dtUUI*. _
A4L, oao b«
nbUlnod on >(>plloiaion to h««d o
ITB Bruad-
the New
KHUT-CLAU KAII.UUAI>"lHr MuUTaAOl BilKOd."
UHUBai O, WOOD. C. U. BUUTIB. L. M.tWAN.
"ur. N. V.
'Vu. II. UirTlARDK. Prml. JllllN M. CBANBiSM'T.
W. llAltVKV l.BR, Iiiapoetor.
KIRBCTOltf^lJiviriinT. Il.>|>n,(l.(l. Wllllanu, 0*0.
i'o«, CharliMi llsiinU, J. H. T. Btrmnahan. A. B.
llulJ, A. M. llunipa, s. R. I hittondan, II. A. Ilarlbnt,
W. (1. Ixiw, Iiarld l>owi. J. O. Vonnllre. Aiaz.
MItchall, Wm. M. lUoUarda.
Indianapolis, Ind.( noatnotaarf, Ala.
Ofllouii of
lliiiUii,
Geo. H. Prentiss,
No. 11 WALL RTRHBT, NKW VOKS.
«Aa STOCKS
AMD
Fxeoute ordars
Vurktttpek
In all anciiritios listed at
nialianica. Kor Hulv,
GAS SECIiRITIES,
Street Bailroad
'I
& Co.,
Francis Smith
u
Stoek n aad
ANU ALL
KIlflM
BouAa,
Or
,
Donds
of Suretyship
won oinoRRs and buplovkes
8K1.
BROOKLYN SECVRITIES
BOTBD
DEALT
HORTOAOE
LOANS.
NORTBERN
TO
PER CENT
80U1UEBN
8
8
10
TO
BEM
NET.
PER CENT NET.
H.
Also Uantral InTealmont Brokera and Atlomej*.
POSITIONS or TBU8T.
€o.
OF NORTH AMERICA.
<h Capital
taoO.OOO
AaaoUOTer
.ih
SOOXnO
ixMlt wtth laanranoa
PmMant:
^IB.
A LIT. T. OALT.
Oepaitmont
aOO,000
Mi
ManMlncDIrector
J. P. WlNTRINOHAin,
GAS, INSURANCE. BANK STOCKS, &o.
icoiuTtn Dut;auT at tub auction balks.
No. 3« PINE STREET,
NEW
Kd
KDWABD
KAWUMaS.
NKW YORK OPriCH:
No. 178 BHOADW^AV
niUKOTOH-i.-Josoph W. DniJOl,
,...„.!..
A
'kln.H, 11. VUrror Nowcoinb, John Piit«>n. Dunlol
luncc, Kd«r. K. WInslow, Kraalua WImiui.
The Brooklyn Trust Co.
Cor.ot Montacae
I
Inlatrator.
I
,
I
'
I
I
Itoanaotaaaoent
In th« aale or manaxemant of
aetata, eolleot Intereat or dlridenda, receWe
raanatr J and transfer kooka, or make purcnaaa and
lale of OoTemment and other saonritles.
BalUiloiu and charitable Institutions, and persons
naoonatomed to the tranaaotlon of busineea, will
thla Compaq/ a safe and oonrenlent depoeltorr
for moner.
CBAS. R. MAKVIN, VIoe-Praat.
nai
nd
Oko. W.
UcNRr
NBW
ST.,
YORK,
ST., PHILADELPHIA,
LIBRARY
PORTLAND BLOCK, CHICAGO.
Capital Stock,
f 1,000,000
I
=OUND 1NVE.1T.MKNT SECURITIES
WEST THIRD
furnished
Corporate and Private Inrestors.
APITAL FL'U.MSUED OK PROCURED
1.
&
Co.,
BANKERS AND BROKERS,
BROADWAY AND 19 NEW STREET,
NEW TORK.
««
R.
J.
&
Kimball
RB.OR-
V.SIZATION of Uallruad Compan'ea and other
11-orporatlons whoae proportj la In the hands of
ReoelTers or Trustees.
WILL BUT AND SELL INVB8TMENT
SBCITB-
uvert
No. 40
BROADWAY. NEW
irculars
or
Into Interest^paylnK InTestmenta.
83 CBItAR
Co.,
STRERT.
WALL
STREET,
NEW YORK.
No. 36
and
sell
Qovernment Bonds and Investment securU
t ies.
Simon B org,
No.
S
WALL
Companr), Amerleaa
Securities
BOCTUERN BECURITIEa A SPECIALTT.
A. H. Brown
T
a
OBDBB8 AND CORRESPONDENCE PROMPTLY
ATl'SNDBD TO.
70 Cedar St
&
4H to
BEND FOR INTESTMENT PAHPHLKT.
with BOODY,
Bankers and Members
MCLBLLAN A CO
New York
.
Stook
BROADWAY.
58
B.
B. TOBKT.
B.
&
a
Knuc.
Kirk,
DEALERS
Bailroad, State, City
IN
k Connty
Bonds,
CO!i8TBUCnOX COMPASY SPBSCRIPTIO.fg,
UNLISTED SECURITIES.
BROAD STREET, ROOM
No. 4
9.
QUOTATIONS FURNI3BED ON APPLICATION.
STANTON,
S.
DEALER IN
American Oable Construction Company,
Continental Construction and Improvemeot Co.,
North River Construction Company.
Ohio Central Subacrlptlona,
Richmond A West Pt. Terminal A W'bonaing Oo.
New York, Chicago A St. Lonia Snbaoriptlon, and
all
other quotable Conatructlon Stocks.
NASSAU 8TBEBT,
17
STOCKS
17
Sistare's
n>o Uoderatsned bold
SALES
FIRST'CLASB
ox
Bur and Sell on Cummlaalon, for cash or on mar*
In, all secnrltlea dealt In at the New York Stoek
Exchange.
Intereat allowed on dally balancea.
All depoalts subject to check at sicht.
Partlealar attentloD to ordan br oibU or
graph.
11.
Ma
nVLLER * SON
NEW YORK.
T»wn Boudaol Weamtta
PISE STREET.
(lounly. City A:
IN
REGULAR AUCTIOIT
of all cUiMee of
WEDNESDAYS AND BATLUDATS.
No. 7
HKVESTfllENTS.
BONDS
STOCKS AKD BONDS
Sons, ADRIAN
NASSAU STm NEW YORK,
and
At Auction.
Co.,
BANKERS AND BROKERS,
Wall 81., Cor. New, New York.
INVBSTMHNT SBCUIUTIKS.
DEALERS
Specialty.
JAMES KITCHEN,
Bon<ia of the older rallroada at prloee yleJdlac
and of the newer roada 6 to 9.
BASEMENT.
(M. T, Oo.) raller.
Uncurrent
We
Special attention tn bualnnaa of countrr banka.
United SUtes, Kaatorn.
WANTED.-Bmsh
STREET, NEW YORK,
IN ALL KINDS Or
Bailroad and Inrestment Securities.
ELECTRIC LIOIIT STOCKS. Geo. K.
iiY)R
iroK <)AT.F'!
SALKJ "rush (Parent
OALLBD BONDS CASHED.
It now appears probable that not only will the tmtiro laauH uf extended Os be call< d before July t,
1882. but that the laaoe of MOIJM8.900 extended Ce
will bo reached In the near (alnrei
are prepared
tocjt^hU .rernment boada at the market price, or
exohanifo them for other Inreetment boiide. of
which wh offer a great variety at favorable prteea.
J.
In addition to a General BankluK Business, buy
and other Information furnished on ap-
Geo. H. Whipple,
S. I30JNI>S
Bouanr and sold.
BANKERS,
•atlon.
JOHN C. SHORT. Prpsident.
JOHN C NKW, VIcc-Prcaident.
wm. p. WATIiON, Soc«r and Treaa.
TORK.
YORK.:
&
Gihnan, Son
DEALER
BUT OR SELL DBrAULTBD BONDS
them
NEW
Tobey
Thirteen Years' Membership In New York Stock
Exchange.
R. J. Kimball, A. B. LouxaBCRr, r.R. Ballard,
Members N. Y. 8tock Exchuige.
'IBS on Commission.
'.VILL
Bondi.
NEW STREET,
Co.,
BANKERS AND BROKERS,
for
NEUOTIATION'S conducted for
inties. Towns and Cities, and for Railroad Com-
1
fJ.
COMMISSION.
INANCIAL
CONDUCT TUB
'
CINCINNATI. O.
Kohn, Popper
Companies harlnir lines under construe.
and their Bonds pur^^hased or neflotlated.
"ic9 and other Corporationa.
iVlLI.
FINANCIAL
I
ST.,
Ciljr
ft
^ilroad
:
& Co.
BANKRRS AND BROKKIIS,
74 BROADWAY, NEW YORK,
,
FINANCE COMP'Y,
131
W. M. WlLSBIRl.
Cecil, Zimmerman
60
No.
STOCKS.
STOCKS AND B0KD3 BOUGHT AND SOLD ON
AMERICAN
NASSAU
YORK
CINCINNATI, O.:
W. P. THOHA8.
C«cii.,
N. Y. Stock Ex.
Beers, Jr.,
Uaa Stocks, &c..
RAILROAD
YORK.
Member
N. BKDjin, Comptroller.
a A: r
St.,
M. ZIUUKUUAM.
I.
,
NBW
N. T.
BONDS.
GAS STOCKS,
NEW TORK:
TBUSTKB8
Wm. B. Kendall, Benrr Baniter, Alex. McCne,
Chaa. R.MarTln. A. A. I.o«.
fcahn P. Rolte,
F. Knowlton, Abm. B.BaTlia. Henry K.Sheldon.
U. K. Plerrepont, Uan'IChauncer. Jolm T.Manin.
Alex. M. White, Joalah O. I.ow, Bdmund W.Corllea
Kredorio Cromwell.
W.M. H. BUNKER, Secretarr.
81 Pine
BROOKLYN.
A Cllntoa at*., Brookljn, N. T.
Thla Companr Is authorlied br apcclal chartar to
aat aa re«eiTer, truateo. Ruardlan executor, or ad*
SKCVRITIES.
B. BEERS, CITY
16 Court Bt,
Bee OBOtatlona of CItjr Railroads la this paper.
Brooklyn SccarlKct,
Investors.
BROOKLYN AND NEIT
FRAMK
no other baslnoss.
YORK.
CITT BAILBOAD STOCKS * BONDS
BOUUUT AND SOLO.
YORK.
To
SKW VORK
Traniiacta
BBOADWAr,
NEW
The Guarantee
PAPBB.
TBIII
L. Grant,
No. 14S
in
IN.
QUOTATIONS IN
QAfl
/Wisconiln Central HK. Old Land Oraat
Joseph A Western HR. Stook.
Joseph A Paclflc UR. Bonds,
aty of St. Joseph Mo., Old Bond*.
Bow
St.
4t.
International
Improvement Co. Subaerlptloaa.
Brooklyn Elevated Rll. Sacnntlea.
American Cable Co. Subsortptlovs.
Midland Railroad of N. J. Securltlee.
A Grand Trunk HR. Saenillla^
inth Carolina RK. Securities.
Grand Rapids A Indiana UK. Stock.
Onelnnati Hlchmond * fiirt WayuaMoofc
Boaghl by WN. K._p¥lBY.
Shloag'i
No. St
FINE STRBKT,
NBW TOBK
N
THE CHRONICLE.
Financial.
Financial.
ERN RAILWAY COMPANY
FIRST MORTGAGE SIX PER CENT
RONDS OF 1931.
thI:
City of Elizabeth,
KEW JERSEY. new
Interest payable semi-annually
days of
and JULY.
will issue
bonds in
city's debt for Bfty per cent of the
outstjitirtlnf; chiiins iiffainst the city, includlnp interest
ot Julv 1, lN8'i. iTie proposed bonds will beknown
,
,,
.
.
NEW YORK TO BUFFALO.
The
-^
.i.
S.
May
D.
upon the equipment
Mort(?aife is a first lien
as well as
Parties holding obligations agamst the city are requested to address the subscriber, stating the class,
numbers and face value of the bonds which they wish
Ut exchange, with date from which interest is unpaid.
In order to make provision for payment of the first
year's interest on the new bonds, it is necessary for
pwrties who intend to accept them to send notice to
that effect bv the flfteenthof June next, at which time
the annual a'ppropriation ordinance must be passed.
Dated Elizabeth,
CO.,
WALL STREET
Chew,
C.
J.
WALL
bonds
Na^
J.
BONDS, LANDS,
WANTED
WM.
81
C.
full share.
All subscriptions must be made and paid for In full
prior to June 15, 1882, and no subscription will be received after that date. The privilege of taking new
stock may be sold by any stockholder, and blank forms
•f allotment will be furnished on application.
JOHN D. TAYLOR,
Treasurer.
OF THE OREGON
OFFICE
PROVEMENT COMPANY,
1882. —The
New
York,
Coupons of the Company's
Bonds, due June
day.
&
First
T.
H.
rjINCINNATI RICa.U.
Ists 7s,
The
advertiser, liaving
ample
capital
and good
facili-
XT
Z, this office.
Removal.
The undersigned Companies have removed
the new Mills Building.
1882.
their
offices to
Address hereafter:
miLLS BUILDING, RROAD STREET
NEAV YORK, N. Y.
Oregon Railway & Navigation Co.
Oregon & Transcontinental Co.
Oregon Improvement Co.
Oregon k California Railroad Co.
EVERY BANKER. ANl) MERCHANT
SHOULD BUY AN
Amateur Photographic
E.
&
Book
FT.
<t
WAYNE
Orand Rapids i Indiana Ists guar. 7f. due 1889.
Baltimore & Washington Ists Us. due 1913.
Cincinnati k Musk. Valley Ists 7s, due 1901.
Cin. Indianapol.s St. L. t Chic. Ists ««, due 1980.
Evansvllle Terre Uaute * Chic. Ists 6s, due 1900.
BvansTille i. Terre Haute oonsol. Ists, As, due 19tt.
CHAS.
18
With A. M.
T.
WALL
WING,
First Mortgage Sinking'
Fund
NEW
YORK,
PAYABLE
IN
WHICH
I
Bonis,
orFEIt
AT A PRICE TO MAKE THB.M AN
PAR INVKSTMENT.
8
PER CEN7
IVILKIXS, 74 Ccjlar
St.
A
CO.
limited quantity of the Stock of the above
Ci.tnipany for sale at par.
$10 Each, and Non-A.ssessable.
Sliares
For prospectus and other information apply,
person or by letter, to
Executive
Office
of the Coiupauy,
.MILLS BUILDING, 36
WALL
STREET.
AT MARKET PRICE.
WE OFFER A LIMITED AMOUNT OF DESIRABLE CAR TRUST ISSUES. ADDITIONALLY
SECURED BY THE DIRttCT OBLIGATION OP
CO., Bankers.
FOR SALE:
Valuable Cotton Mill,
New Jersey, 5,000 spindles with capacity for 10,000,
heated by steam, lighted by gas. run by water-power;
e!isy access both to .Vt-w York and Phlladolphia
also
In
CO.,
34 PINE STREET.
Wm. M.
A. H. Dayton. Gbo. H. Statxe*
Stock Exch.
Special.
Eari,.
Member N.Y.
&
Earl
Dayton,
BANKERS AND BROKERS
TO
55
59
DREXEL BUILDING,
New
Vorli.
Kountze Brothers,
BANKERS,
130 Broadway (Equitable Building))
NEW YORK.
LETTERS OF CREItIT AND
CIRCULAR NOTES
Issued for the use of travelers In
;
ACRES OF LAND,
valuable timber, with some 2,') miles of frontaije
on three railroads. Among the improvements are the
saw and
grist
mills,
all p.il i» ui
lliL*
uulia.
drawn on the Union Bank of London
Telegiaphio transfers made to London and to
various places in the United States,
Deposits received subject to check at sight, and ln~
terest allowed on balances.
Government and other bonds and investment 06curities bought and sold on commission.
Bills
much
mill,
CO.UPANY..
&.
STOCKS ANT) BONDS BOUGHT AND SOLB
STRICTLY O.V COMMISSION.
NOTICE TO CAPITALISTS.
30,000
EQUIPMENT
MARTIN
POST,
store-
houses. 3 cranberry bogs, large lot of cleared land, 2
villages wltli over 100 houses, barns, stables, &c. Will
bo sold as a whole, or divided in tracts to suit.
B. LOKBK.NTIIAL, Executors of Estate
T. W. DELL,
f
of M. Raleigh,
9 Bank Street, Philadelphia.
)
Railroad
Bonds.
We offer for sale a large line of CHOICE
Railroad
Sk
Per Cent Bonds on most
Spencer Irask.
Fred. B. Noyet.
Geo. F. Peaboclj/-
Spencer Trask & Co.,
BANKERS AND BROKERS,
70 Broadway,
New York
Citj.
Transact a general Banking Business.
Stocks
Bought and Sold on Margins.
on Deposits.
Interest allowed
desirable terms to buyers
and
investors.
Branch Offices,
Connected by Private Wires,
Outfit,
Free), expense trifliug, fro«a
ANTHONY dt CO.,
BROADWAY, NEW YORK.
n
STREET.
KIDDER &
A.
W.
Beasley
&
Co.,
Philadelphia, 132 S. Third St., C. F. Fox.
Albany,N.r.,65
H. T.
691
H.\S ISSUED
^100,000
The RAILROAD
1B21.
Rome Watertown & Ogdensburg Ists 7s, due 1881.
Jeff. Mad. k Indianapolis 2da 7.', due 1910.
above-mentioned
New York, May 26,
(lubtruotlon
due
Champ. Havana t West. Ists pref. 7s, due lOOS.
Ohio & West Virginia Railwaj lets 7f, due 1«I0.
OF THE NEW YORK
TO A nEmRER
S'l'OCK E.XCH.\N(1E,
wishes tt> form a partnerehip, for a commission
stock brokenige business.
It would be necessary in the first instance for any
reply Ui this advnrtlsemcnt to be bv letter, and that
UK- actual niiiiif sliuukl ho given, previous to any
further negotiation. Address
IN
AND
Secretary.
ties,
NOYES,
MieCELLA KO US 8ECURITIK<>.
Mortgage
TYNDALE,
Co.,
President,
Car Trust Bonds.
TRUST COMPANYS' STOCKS.
WK
MAKE
A SPECIALTY OF THESE VERY
& Bonds SAFE SBCDRITIKS.
AND BUV AND SELL, SAMB
24,
the oIBce
Trust CoraiKiny on that
TABOR,
AV.
City and Giber Railroad Stocks
1882, will be paid at
1.
of the Farmers' Loan
Gov. H. A.
IXITED STATES
NASSAU STREET, NEW^ YORK,
Ija>
May
"
GOVERNMENT CONTRACTING
GAS STOCK!« A.\D BO.\I>S,
TELEGRAPH STOCKS,
PANY, TREASURER'S DEPARTMENT,
PHiLADELPniA, May 1, 1882.
Treasurer.
THE
A.
& Dayton Bonds
DEtLER
PENNSYI^VANIA RAILROAD COM-
fora
:
Louis Ists.
Columbus & Toledo Ists.
Joliet & Northern Ists.
Cincinnati Richmond i Fort Wayne Stock.
Cincinnati Ilamilton
GOODWIN,
M.
Descriptive pamphlets furnished on application.
St.
,t
President.
Bhares registered in their names April 29, 1882, and
those entitled to a fraction of a share can subscribe
GEORGE
K. J. MORU18,
R. H. GARDNER,
Finance Committee.
Leadville Gaslight
Deals Im Investment Securities and
Rondd Geuerallf.
Indianapolis
at
For further information apply to
WM. H. EVANS, Chairman,
&c.
NASSAU STREET,
17
CO.,
remaining unsold, are offered to investors
Albert E. Hachiield,
W. PARAMORE,
The Board of Directors has this day declared a
Semi-annual Dividend of FOUR PER CENT on the
capital Stock of the Company, clear of all taxes, payable in cash, on and after May 29, to stockholders as
registered on the books at 3 P. M. April 20 last.
The Board has also instructed the Treasurer to give
public notice that the stockholders will have the
privilege of subscribing at par to the stock of the company in the proportion of 8 per cent of the number of
Now
Or
Desirable Texas Securities for Investment constantly on hauQ
& ST. liOVIS RAIIiAVAY
TEXAS
COMPANY IN TEXAS.— Coupons ot the
of this company due June 1 will be paid at the
tional Bank of Commerce in New York.
TENNESSEE MANUFACTURING
NASHVILLE, TENN.,
NEW YOEK.
STREET,
TEXAS RAILWAYS,
C »lPANV.
CEJTT
102 and Accrued Interest.
82
No. 7
In pursuance wttli the notice heretofore given, by
the undersigned to the holders of the ubove-named
bonds, Tiambered from one to ihr.e hu.dredand
fifty inclusive, ihat the same would be re :eera.'d"by
the County of Ga.vestun. notice is hereby gven to
the hnklers (pf said bunds to present the saniu on
tlie respectivo dates named in said notice, at the
American Exchange National Bank,;u the City oi
New York.
Holders of any of the aforesaid bonds will be
allowed to e.vfhan«e the s:jmef r Galveston Cnurtty
Six Per Cent Bunds, issued lor the purpose of funding satd tlrst-narued bonds, and the sa d ?ix Per
Cent Bonds are offered for dale for not lessthaa par.
All parties desiring to exchange for or purchase the
six percent b .'ii.ss wi'l send in notice or the number
of SIX per cei-.t bond- desired, either t(.» the County
Crerk of Galveston County, or to said American
Exchange National Bink. on or before June 15,
\VM. T. AUSTIN,
1B82.
County Judge, Galveston County.
FOR SALE.
A LIMITED NUMBER OF THE SIX PER
BONDS OF THE
upon the Road.
MOSES TAYLOR &
BOWERS. Comptroller.
PER CEXT
Mortgage Bonds
First
FOB SALE BY
4th. 1S^2.
TO HOLPER^ OF BONDS ISSUED BY TUVCOUNTY OF aAi VliSTON, TEXAS, To THE
GULK COLORADO & SANTA FE RAILWAY
first
This road forms with the Delaware Lackawanna
& Western Railroad a direct through line from
as Adjustment Bonds of the City of Elizsibeth, dated
July 1, l8S-i. beiirintr interest at four per cent p«yable semi-iinnu:illy. The bonds to be payable in
forty years, subject to call for payment after Ave years
from their date.
upon the
JANUARY
The CITY OF ELIZABETH
settlement of the
XXXIV.
Financliil.
SIX
NEW YORK LACKAWANNA & WEST-
NOTICE TO THE CREDITORS
OP
[Vol.
93
BROADWAY, NEW YORK.
Saratoga,
17.
& 67 State St. ,W.A.Qeave»
Y,,
Grand Union
Hot«l.
xmitk
AND
HUNT'S MERCHANTS' MAGAZINE.
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
r<^trred, ftooordlns to act of OongreM, In tbe
VOL.
yen
1882,
bjr
Wm.
B.
Duua A
SATURDAY, MAY
34.
CONTENTS,
Lneal Sclf-CinTemment
BaoRe
which
595
596
that can be said in
all
much harm
as
system hoped.
men who
It
a
is
are seeking
its
all
little
favor
is,
that
who oppose
as those
it
will
not
the national
marvelous that a class of
away from the
the time to take
circulation, should thus attempt at the
time to obstruct every movement banks
same
may make
to
These currency doctors adminpoison and then punish the patient for dying.
But
decrease that circulation.
ister
such is the nature of the financial wisdom which inspires
613 the opponents to our national system.
THE COMMERCIAL
TIMES.
606 BnadstoSa
606 Dry Goods
Oonunerclal Epitome
Cotton
work
banks their
601
Returns
Investments, and State, City
and Corvoratlou Finances... 602
598
one of those foolish attempts to interfera
593
594
Quotations of Stocks and Bonds 599
600
Kew York Local Securities
Railroad Earnings and Bank
In Prices at the N. Y.
883.
with the free operation of natural forces, with regard to
592
Stock Exchange
NO.
1882.
593
TH£ BANKERS' OAZETTE.
lCone7 Market, Forel^ Exchange, U.S. Securities, State
and Railroad Bonds and
Stocks
597
Wublnictcn.
notice required from the banks in order to reduce their
ters
585 The Ht. Oathurd Railroad —
Bailroad Traffic and Oeneral
Ononlng Ceremonies
Buiilneu
588 The lllliiola Railroad Rates. ..
"Hie Financial Situation
588 Monptary and Conunerolal
minoin Railroad CoBunlasion
English Kow9
A^ain
590 Conunerolal and AUsoellaneoua
SktlT In Steamship OonstmoNews
tion
27.
circulation, is
THE OHBonenjt.
The Btll Extending Bank Char-
UbruUn of ConRrsM,
Co., In tbe offloe of the
I
614
I
It
The Commbrcial and Fixa^cial Crbo^clb is
New York every Saturday morning.
pvUUihed in
(Entered at the Post Office, New York, N. Y., as second-class mail matter.)
TERMS OF SUBSCRIPTiON-PAYABLE
IN
ADVANCEi
For One Year (including postage)
!flO 20.
For Six Months
do
6 10.
...,
Annual subscription in Ix>ndon (inclading postage)
42 7s.
Sixmos.
do
do
1 88.
do
Sabscrtptlons will be continued nntil ordered stopped fry a vriUtn
•rder, or at the publUalion offtee. The Publlsbera cannot be responsible
tor Remittances unloaa made by Drafts or Post-OtBce Moner Orders.
A neat tile cover is furatshed at 50 cents postage on the same Is 18
cents. Volumes bound for sul>acrlber8 at $1 00.
is
well
enough, however, to sugge-st that there are
some practical difficulties or hindrances to the smooth
working of the amendment referred to. One is that %
bank can give the notice required and not act under the
Another which is more important,
notice until it chooses.
is that the amendment virtually takes away from a bank
whose capital is found to be impaired, the power to sell its
bonds at once and with the premium, now over one-fifth of
Still
the face of the bond, make good tbe impairment.
another, and somewhat similar to the last, is the fact that
a bank in the condition mentioned could not under ninety
;
Liverpool
Ofllee.
The
olBce of the Ciirosiclk in LiverjxK)! is at No. 5 Brown's Buildings, where subscriptions and advertisements will be taken at the
regular rates, and single copies of the paper supplied at Is. each.
WTLUAM
B.
DANA •1
WTLLIAM
79
^OHII e. FLOTD.
It
B.
81
DANA fe 00., Fabllihsra,
WUUam Stmt, NEW YORK.
Post Office Box 958.
days bring
itself
within the law through a decrease of
— a very common practice
stances — since in reducing capital
capital
it
under such
must be able
ita
circumto secure
possession of the bonds deposited for circulation.
We notice that Mr.
Comptroller Knox, in an interview
published in the Herald of this
city, refers to
these last
THE BILL EXTENDING BANK CHARTERS.
two points as inconveniences which this amendment will
The passage of the bill extending bank charters is, on cause. Of course the bill would be very much better
the whole, a satisfactory piece of work, skillfully managed without the provision, but the question is whether it is
by Mr. Crapo, chairman of the committee having it in not wiser to take the measure with its present defects, and.
charge.
As the law stands to-day the business of the these among them, than to send it back to the House for
country
is
threatened with disturbance; as
it
will
stand
with these changes made, a quiet reorganization of the
further discussion.
In the matter of impaired
directors could, for ninety days, raise the
capital, the
money needed
banks whose charters are expiring may be efiected and themselves, or adopt some other temporary expedient
The commercial world, therefore, which would carry them through without an assessment
no interest harmed.
breathes freer under the feeling that there is now a favor- on the stockholders. With regard to the other point the
abl« prospect for the removal of a prominent source of fact that the notice is not absolute it is to be said that
no one would be benefited by making it so, and any
future peril.
—
In expressing satisfaction with this measure, as passed
attempt to alter the provision
is
—
pretty certain to leave it
by the House, we would not be understood as approving worse than it now is for no action is really wise except
some of the amendments adopted. We could have wished to give to the banks the utmost freedom in this respect.
the bill different in several particulars, but since it pro- Make the issue of circulation profitable and there is no
make it unprofitable and
vides what was so essential a simple piece of machinery fear of its l^ing contracted
;
—
;
—we are content
machinery for preventing contraction will only aggravate
Nor do we
the evil.
for the easy reorganization of the banks
to take that with
its
encumbrances.
see in
the points that have been criticised any serious hindrance
to the healthful working of the system.
The oinety-day
Another feature of the
criticized, is the
bill
which has been adversely
amendment authorizing banks having »
THE (JHRONICLF.
686
capital of
$150,000 or
This permission,
000.
less,
it is
IVOL.
BAILBOAD TRAFFIC AND GENERAL
to reduce their bonds to $10,-
BUSINESS.
thought by many, will lead to
of the currency, inasmuch as there
a, decided contraction
That such, however, will
are 1,341 of these small banks.
from the simple cirevident
us
to
not be the case seems
xxxrv.
At
the present time
when
so
much
uncertainty
is felt
as
condition of business, anything affording a
clue to the course of trade and trafBc has an especial inter-
to the real
cumstance that the institutions in question now have more est. For this reason the rail shipments eastward from
currency and more bonds deposited than the $50,000 re- Chicago, as reported each week, are commanding more
That is to than the ordinary share of attention. For the week
qmired under the law as it at present stands.
say, they are voluntarily keeping on deposit for circulation ended last Saturday the total tonnage of grain, provisions
more than the law compels them to keep; hence the and flour of all the railroads leading eastward from
power to decrease the amount exists already, but is not Chicago is reported by the Chicago papers to have reached
found to be profitable enough
the insignificant aggregate of 13,637 tons, against 42,523
obvious that a bank having on de-
tons in the corresponding week of last year.
These figures
show a very small movement, without doubt, but it should
be said that they do not fully represent the trunk-line
traffic eastward from Chicago, since they do not include
used, for the circulation
to be retained.
It is
is
posit a hundred thousand dollars in bonds, while
it
is
only required to keep fifty thousand, will in no way be
influenced by a permission which extends its right to reits hundred thousand to ten thousand.
But the Comptroller takes exception to
shipments
the
duce
this provision
directly
through Chicago,
only freight
A
from Chicago being embraced.
shipped
better indica-
therefore, of the comparative tonnage is
it likely to stimulate the organization of tion,
furbanks in the frontier districts, where it is most difficult to nished by using the returns of the total both from and
Accordingly, we have prepared the
ascertain by examination whether the capital stock has through that city.
been paid in or not. This may be a more serious objection, following table of the weekly tonnage since the first of
because he thinks
and yet it does not seem to us quite clear that the permisThere are State
sion would act as much of a stimulant.
banking laws everywhere, and in general they are very
"We can scarcely see therefore
liberal in their provisions.
what advantage it would be to a bank in a frontier district, to organize under the national law, unless it was to
secure circulation, and to secure circulation it must have
Furthermore, if fraud was the object, that
the bonds.
purpose could be more easily covered up and concealed and
the organization less hampered under State than under
national supervision.
On
the other hand, suppose this
amendment does
to the adoption of the national system
districts
about to organize
—
is it
lead
by banks
in frontier
much
better for
not very
January for three years, using for
this
purpose the figures
given each week by our enterprising neighbor, the Rail,
road Gazette, which has been keeping a record of these
shipments.
It
should be understood that this
is
simply
east-bound tonnage and only of grain, provisions and
The
flour.
figures are
the following
week
brought down
to
in full not having
May
CHICAGO RAIL SHIPMENTS EASTWARD
'Week ending
Jan.
"
"
Feb.
"
—
7
14
21
28
4
11
18
25
13, those for
been published
yet.
(TONS.)
1882.
1881.
1880.
55,189
70,724
77,079
80,525
73,425
66,499
67,426
59,587
60,317
65,870
53,209
64,105
48.921
53,211
28.085
52,968
55,486
45,758
53,838
53,020
73,362
68,110
58,866
22,351
36,046
40 238
31,171
36,654
41,775
38,492
38,443
46,780
42.776
54,355
67,413
75,439
87,690
65,626
56,429
45,000
37,522
30,263
27,000
24,485
57,ti62
47,928
48,681
47,567
38,646
34,335
32,447
33,988
33,232
30,272
29,528
28,273
22,364
the country that it should be so? It is evident that such
11
18
banks so organized are likely to be safer and kept within
25
April
1
better control under the supervision of the Department
"
8
15
than outside of it. Then again, with United States bonds
"
22
"
29
at present prices, we doubt the wisdom of forcing these
6
May
13
small new banks to buy them.
It results in the locking
1 1,010,536
837,551
913,964
up of over thirty per cent of the capital so used. That is
to say, only 90 per cent of the par value is returned to the
Probably the falling off from the large totals made
bank in circulation, so that the remaining 10 per cent early in the year, will be one of the first points to attract
besides the premium paid, is permanently invested and attention.
Yet the contrast between the two periods was
cannot be loaned to customers or used in any way in the heightened by one or two unusual circumstances. Not•'
To that extent, therefore, the
bank is crippled in its power to accommodate the community and that again leaves it less able to attract deposits,
for depositors go where they can be accommodated.
It is unnecessary to notice further the amendments
made to this bill. As we said before, they do not any of
them seem to be particularly harmful, and we think it wiser
to let the bill pass unchanged.
"What may happen if
daily business of the bank.
withstanding the crop deficiency, the
movement during
January and February, it will be seen, was much in excess
This was owing
of the same months of the previous year.
to the enlarged movement this year because of the dis.
turbed condition of trunk-line relations and to the some-
what diminished movement
account of the snows.
months
in those
in 1881
In the early weeks of
on
this year
rates were at their lowest ebb, scarcely more than
one can easily imagine after read- nominal most of the time, and this would naturally
ing the propositions of the Senator from Kentucky with encourage shipments on an extensive scale
but more
regard to silver and silver certificates.
have left off than that, there was at that time the momentary poseven hoping Senator Beck will ever learn anything. And sibility of a sudden termination of the war and the
alterations are begun,
;
We
yet we
way of
could wish that some good fairy would devise a
setting him on the shore of the great financial
ocean, and let
little
him
see, as
influence the fiat of a
Canute's courtiers did,
monarch or
how
of a Senate can
equally
sudden raising of
rates
;
shippers,
anxious to
take advantage of the low charges prevailing, were induced
to
hurry forward their produce, and thus for the time
being
greatly
swelled
tne
tonnage.
The movement
have in arresting the action of natural law. It is com- culminated in the last week in January, when the first
monplace to say capital will protect itself and no statute advance in rates was made, in the large total of 80,52.'>
can prevent it; and yet this Senator thinks he can hold it tons. The movement continued large even for some time
until he strikes it.
Poor man we advise him to try his after, for during the progress of the war many shippers
experiment on the tide first, for that will hurt no one but had secured time contracts at low figures extending over
himself.
30 days or more, and such shippers of course were dis-
—
Mat
poMd
87,
to
THE CHRONICLE.
IMS.]
M poadble into
We are led to thia nin*rk from the pabliefttion thi«
week of the Pennsylvania railroad statement of iU eara.
in March) also stimu- ings and expenses for the month of April.
The showing
part of February and is a very unfarorable one.
On the lines east of Pittsburg and Erie there is an increase of $95,478 in gross
ihoir busineit
crowd oa muuli uf
The fact
was impending (which came early
the yet unexpired time.
lated tbipmenta during the
latter
that another advance
the first week of March.
But the crops were short in an extraordinary degree,
and though for a time a combination of circumstance*
might be successful in kooping the movement over the
railroads abnormally heavy, the decline was sure to come,
and with increased severity because of the previous
expansion.
Now we
see the full effects in totals that are
smaller than they have been for years.
The tonnage
is
light, and must continue light for weeks, simply because
there
is
crops.
practically nothing left to
come forward
of the
In making comparisons with last year, however,
most be remembered that the railroads suffered much
earlier this year than last from the competition of the Lake
In 1881 the Lake was not open to navigation
route.
This year vessels left
until about the 2d or 3d of May.
Chicago as early as the 1st of April, and though they have
been able to get very little business, because there was so
little offering, yot they secured some, and this of course
was just so much lost to the railroads this year, against
nothing on that account lost last year.
There was another influence that tended to swell the
tonnage in April last year and subsequent months. The
severe weather early in that year, as is known, seriously
interfered with wagon and railroad transportation, and
much trafBc consequently was delayed, which, together
with the breaking out of the railroad war, made the movement for the second quarter of the year very heavy. In
it
this connection the figures
the
first
expenses having increased $431,977, net
earnings show a loss of $336,499, which, added to the
earnings, but
months, makes a total loss in net for
months of $931,000. On the lines west of Pittsburg and Erie there is a deficiency in meeting all liabili.
loss for the previous
the four
$57,987, while for the corresponding four months
ties of
year there was a net surplus of $1,409,311, showing a decrease of $1,467,298.
As the decrease for the
of
last
first
three months was reported at $999,684, the decrease
must have been $471,614, which is heavier than
any previous month. The continued large increase ii^
expenses we can only explain on the theory that certain
items of improvement and construction are being charged
to the expense account, instead of capital account, or on
for April
in
the theory that the season this year being unusually mild
permitted the prosecution of the work of renewals and
repairs on a
more extensive
ing period last year,
months
in
should get the
movement
offer
cover the period of the yard switchmen's strike,
benefit
of
work already
the
.1
But however we may account for the increase in
expenses, and however unsatisfactory these expenses
appear, there
is
may
the same encouraging feature in the April
—
exhibit there was in the previous exhibits namely that of
an augmenting gross business. An increase in expenses,
though unsatisfactory, is less unsatisfactory than a decrease
no indication of can soon be
at this time in 1881, for they
scale than in the correspond-
which case of course future
done.
given in the table above, for in earnings would be, for
and second weeks of May,
the extent of the
587
rectified
circumstance of
when the kinds
expenses are excessive, this
if
by reducing them;
moment now when
of material are falling,
especially is this
prices of fuel
and there
is
and
all
even a prospect
hands to carry on that wages may not be maintained but a loss of business
was overcome, the can not be made good, for powerful as a railroad may be
total began to assume large proportions, as is evident from it can not create business.
the following table, showing that for the eleven weeks from
That there was an increase in business is clear from the
the middle of May to the 1st of August there was an increase in earnings, for it is known to all that the larger
increase of pretty nearly 170,000 tons over 1880.
earnings were not due to higher rates received, since actually they were lower.
It is evident, too, that the larger
JTak Bnding—
1882.
1881.
1880.
business was made in spite of a smaller tonnage of produce,
Kmy
21
ton*.
29 067
62,883
••"
23
;..
47.623
34,218 the diminution in which is reflected in the rail shipments
40,029
32,403
" 11
It follows, of course, that there was
37,600
42,504 from Chicago, above.
'"
18
64,266
6>J,360
" 28
81,660
55,394 an increased volume of other tonnage, sufficient not only
Jaly 2
46 995
67,973
"
9
•••.•
66,167
34,223 to overcome the loss in grain and pi^ovisions, but also suffi-.
16
34 589
62.638
cient to make good the loss in gross earnings arising from
" 23
64,211
33,373
"
30
69,370
34,371 the lower rates obtained.
But how is this to be reconciled
railroads were left without the necessary
As soon
their work.
;
as this difficulty
••
ToUI
446,497
614,3-i5
It is claimed
by some that the large
falling off
from
last
with the idea that the
loss in
east-bound through tonnage
must be taken as indicating the loss in all
tonnage, should kinds of tonnage 7 The answer is, it can not be recouc
year which we are now witnessing in this
be taken as typical of the falling off in general business in
all branches of trade.
Aside from the causes just set out,
which made the movement over the railroads more than
ordinarily heavy last year, we think this inference scarcely
warranted by the facts.
While without doubt complaints
of dullness and depression are becoming more numerous,
and are heard in widely different quarters, any decrease
of moment in the volume of general business can hardly
as yet be claimed.
Every department of trade has felt
of grain, &c.,
It is
ciled.
probable that to a great extent the gain in the
Pennsylvania came from augmented local
How
sible
pause in
all
business circles.
summer has brought with
whose
trail
sion has
to a
sudden
halt.
therewith have received a check.
which carry these crops
tinue large and
in
this
To
one
argue, therefore, that this extraordinary loss
It
class of
remains to
extraordinary
is
simply to
to the great seaboard distributing
ticularly languishes.
loss
business prefigures a corresponding
in
every other
make a claim which has
in reason or in
facts.
class
of
business,
neither foundation
up
At
The drouth
the
of last
a train of circumstances
The work
still visible.
is
come
it
the effects of the shortage in the crops to a greater or less
degree^ but they have been especially felt by the railroads
centres.
traffic.
an increase here can be depended on fer the
summer months is of course a matter of more doubt. The
aspect of affairs wears an uncertain look.
There is a senfar
of railroad expan-
All industries connected
same
The
iron industry par-
time, our imports con-
Gold goes out.
we have little to export.
The effect upon the money market
be seen. While goldjgoes out, silver is piling
can not bo spared.
in
the
Treasury
is
United States Treasury, the position of the
weakened, and Congress shows little dispo-
sition to avert the evil that threatens.
Oovernment rev
-
THE CHRONICLE.
588
The
basis
is
XXXIV.^J
THE FINANCIAL SITUATION.
enues being large, our short-date bonds are being rapidly
retired.^^The banks hold these as a basis for their note circulatiDn.
[Vol.
There is little or no improvement in the situation this
Long -date week. The season is backward, labor troubles are exert-
being withdrawn.
bonds can be substituted, but the retirement of the short- ing an unfavorable influence upon those who recall the
dates has caused them to rise to a very high premium. As scenes of 1877, railroad earnings especially of the trunk
The banks lines are light, general trade is suffering from the unseait is, the profit on bank circulation is small.
must content themselves with this, and perhaps less, or give sonable weather and other influences, our statesmen at
up
their note circulation.
ters
— what
is
reorganization
Then
bank char, Washington appear to be blind to the necessities of the
work of country and alive only to the political situation, and altoor are the banks to be gether there is little that is cheering in the prospect.
But
the expiring
be done about them
to
to
be
hedged about with
facilitated,
new
Is the
?
Furthermore, at
difficulties ?
warm weather may make
a few days of
a great difference
and depression, labor becomes by bringing more decided and encouraging news regardrestless and dissatisfied, the cost of living having risen ing the condition of and outlook far the growing crops
Strikes for higher wages abound.
The which after all must, in a very great measure, decide the
enormously.
What will future of prices of stocks and staples.
employer cannot afford to grant an advance.
With this the condition of affairs, can
As was remarked^last week, the conditions of the weather
be the outcome ?
we wonder that there is an indisposition to trade or engage and of our agricultural productions thus far, differ but
everybody hesitating and in an attitude little from those which prevailed two years ago. There
in new ventures
this
moment
of uncertainty
—
however, that whereas the latter part of
May, 1880, was hot and dry, thus favoring rapid growth
The halting tendency at present evinced in all depart- of small grain and corn, this year we have had comparaments of trade is reflected in the small volume of transac- tively few days in which the weather could be called
The first change from the seasonable. Generally speaking, this has tended to retard
tions at the Stock Exchange.
extreme elation of last year brought with it a decline in the development of spring wheat and has given a check to
As depression became more pronounced the development of corn but it has been favorable to
stock values.
for something to
of expectancy, waiting, Micawber-like,
turn up
is this difference,
?
;
and buoyancy more a thing of the past, the depreciation
went on at a rapidly accelerating pace, until within a short
time ago. Then there came a period of dullness, which
continues, and amounts now to almost stagnation. Where
recently the transactions in stock aggregated 500,000 and
600,000 shares a day, they amount now to scarcely 200,000 on the average. For the purpose of showing how
the total transactions for a number of weeks past compare
not only with each other, but with last year, we have had
prepared the following table of the weekly aggregates
is
raised are of the
OF STOCKS (SHABES) AT THE
KEW YOBE
most glowing description.
Early in
week we had news of frost and snow in the extreme
Northwest, and later of show in Iowa and portions of Illithe
Allowing for the exaggerations as to the effect
produced by this unusual weather, it may safely be
assumed that the damage has not been such that it cannot
be repaired, although in some sections corn will have to
nois.
be replanted.
From
since the beginning of April.
8.U,ES
winter grain by preventing the ravages of insects, so that
the accounte from almost all sections where winter wheat
the South
it
is
ascertained that the acreage de-
voted to grain has been larger than ever before, the people
STOCK EXCBANGE.
of that section apparently resolving no longer to be wholly
Vceli
Ending—
Anrll 7
™i4;::::;;::;;;;:::::;::::::;;::
"
"
May
21
28
5
"12::.;
"
"
:.:::::::::::::::::::
19
26
Total eight weeks
The Stock Exchange
1881.
dependent upon their Northern neighbors for breadstuffs,
2,140,076
3,005,206
2.609,296
1,910,078
1,803,676
1.575,678
1.097,681
1,264,689
1,500,136
1,591,086
2,481,440
1,955,258
3,124,093
2,773,624
3,066,650
3,026,591
as they
were
ously.
This
15,441.380
19,518,878
1882.
is
the barometer that reflects
the
of the
last year,
is
and have been, more or
demand upon
more
better supply for and
liberal
renewed
become general
not be long,
if
the
it
aided
without this demand there would probably have been a
board, and thenee to Europe.
It will
at times urgent;
maintaining prices of the cereals, while
changes in the financial atmosphere. It records unusual
depression just now.
But this may only be the prelude to
activity in the future.
much
the Northern grain markets came
from the South. This inquiry was
speculators in
previ-
less,
important, because duing last winter
It is
now expected
in
movement
to the sea-
that the harvest of winter wheat will
about three weeks,
weather coatinues favorable, before the winter wheat crop,
constituting five-eighths of our entire production of
that staple, will be an assured success.
By the first of
July it will begin to move quite freely. From that time
time estimates, more or
on the railroads should have more
to do.
dry,
living, labor could
Then with
Bank Charter bill,
less accurate,
at the
end of which
can be made of the
The weather from this time to the
middle of August will determinetheyieldof spring wheat,
yield of this grain.
small grains and corn.
If it were to turn hot and not too
ample compensation for the bi.ckward spring would
too, the exports of gold should cease, for a time at least.
be secured. But it is of course impossible to forecast the
The new cotton crop will not come forward until August weather, and consequently the conditions which will pre1, but bills against anticipated shipments can be drawn in
vail during the next fortnight or six weeks can only be
advance. The corn crop and spring wheat will not be an conjectured, and hence actual results can be only matter
influence until much later.
But if these should be spared of estimate.
from injury, the outlook would clear up visibly and immeThis uncertainty is, of course, having its effect not
diately.
There would come a cheapening of the most vital only upon the stock speculation but upon" general businecessaries of life, and with such a reduction in the cost of ness.
It is argued that another season of crops as bad
disposition
From
forego increase of pay.
by Congress
of
the
that date,
a
as those of last year will prove ruinous to
a
prises,
stoppage in the coinage of silver and a reduction in the
amount of accumulating revenues, we may soon emerge
from our present anxieties and enter upon a new era of
prosperity,
nent.
.
less
exciting than the last but
more perma-
and naturally
affected.
all
many
enter-
kinds of business would
Hence, speculators and those engaged in
bo
le-
gitimate trade are disposed to wait until the future can
be more accurately determined than at present.
waiting condition, it is hoped, may be limited
period within which the winter wheat
may
This
to the
be harvested
.
&Uv
THE CHRONICLE.
37, 18^S.j
bat not unlikely
it
when would doubtleM
to tbe time
prolonged
will be
For
the gathering of the spring wheat will commence.
in view of the
our finances, there
pocniiar poaition of
» decided diapoaition to proceed cautiously and not
ia
be
in haste to discount events too far in advance.
favorably settle the great financial questions
and by the
it,
part of
latter
Per-
weeks Congress
haps, however, within the next few
now
may be
July we
will
before
pretty
by that time we
shall exchange uncertainty for certainty, and activity
everywhere will most Iikoly take the place of the existnearly assured of good cropa.
5^9
If so,
ing stagnation.
In the meantime stock speculation languishes.
This
week prices have further declined with few exceptions.
The explanation is in the facts above given, added to the
continued gold exports, the dilatory action of Congress,
result ia restoring the previous flguies.
Two months
ago a block of about £1,009,000 starling
was borrowed in our market oa stock collateral. How
much of this has been renawed it is impouible to say, but
from apparsatly trastworthj reports it would seem that the
The sUtomont is made that
which has been sent to Europe this spring
has been shipped at a loss measured by the current rates
of exchange at the time the shipment was made.
This
statement is not strictly correct.
Large drawers of
exchange constantly have credits to settle in London and at
other poinU in Europe. They probably have a full line of
a certain class of commercial and bankers' sterling, and at
the moment do not feel willing to take any more.
Or
they may have offered all the bills they care to offer
for discount in London.
In such a case it becomes
simply a question whether they will exceed what
bulk of
some
has been extended.
it
of the gold
and tbe bad showing of the trunk line business, the latter
being indicated by the Pennsylvania return published they may regard as a prudent or desirable limit, and buy
this week for April and by the traffic movement from bills, or whether they will ship gold in which there
Chicago which wo have remarked upon in another column. is absolutely no risk, the coin being available as soon
Aside from these influences there was really nothing else as landed. The transactions in securities by cable this
to justify the decline
The news
in
week have been somewhat limited, but there continues to
were so slight that bd a fair demand from London and the Continent for
The Judiciary Committee of American railroad bonds. The following will show rela-
stocks,
they can be briefly recalled.
the
but these were enough.
of an encouraging nature
House
of Representatives decided that the
Pacific land grant
stocks of that
is
non-forfeitable
company upward.
and
The
this
Northern
helped the
action of the Legis-
and the statement that notwithstanding the litigation between the State of Missouri
ittivii.
rise in that property.
Money has been
tions are that
easy during the week, and the indica-
immediate future.
have not been large,
will so continue in the
it
Hat, «(.
JTuiiSS.
itayK.
Mat at.
L<m4'n| N.Y. lton/fn| H.Y. tjma:n X.Y. Ltmd'n w.r. LotUTn H.r.
pricet.* prUet.'prica.'prieu. prl«».» vrica. prita.' prieet. pHccf.* prtea.
specialties,
and the Hannibal & St. Joseph Railroad Company the
regular dividend on the preferred stock would be paid
caused a
for leading securi-
the opening each day.
lature in the matter of the elevated railroad taxes aided in
advancing those
New York
London and
tive prices in
ties at
cs.u.c.
va.tut
iao-78
lOl-SS
vgm
lom
ae-84
WM
Irie
IJPH iSO-M ISDN ISO-78 UOK UO-88
iou< 101S3 lOlH I0I63 lOIK 101-88
se-oe
38-84
sa
SMi S647 S6K term
te-SM
93-Sltt
M-7M
«8
i8«-4e USM ias-18 184M 184-77 i»tH U8-U
1S8'IS i«« IS7-90 1«7H UB-V7 IWi 18*79
gSBSt 97
*S-47» OOM
8844«
«7-4»t
1207S|
loias
Wi
Sd eon. te-SM 9CH
ni.Cent. ISS-Bl UBM
H. v. C. lS7-e6 IXTH
Reading ^'84t 57h
«e
is«<
18S
MH
««
»SH
«
Czeh'ge.
eablM.
vnu
MH
180M
lOlK
86X
4-m
4-n
*90H
The gold shipments to Europe
* EzprMMd m their New Tork eqniTmlent.
* Readlns on bails ot ISO, par ralae.
amounting to no more than $2,500,000 for the week
t Ex-lQtereit.
unless some is sent out to-day, which while we write seems
The Bank of England return for the week shows a
unlikely, and although the Sub-Treasury has gained, gain of
£661,000 bullion, reflecting the arrivals of gold
exclusive of the receipt of $1,000,000 gold from Phila- from America.
The proportion of reserve to liabilities
delphia, $1,265,276 67, the loss by the banks of this has been increased 1 11-16
per cent. The Bank of France
amount has been more than made good by receipts from reports a gain this week of 6,917,000 francs gold and of
the interior, as will be seen by the following.
78,000 francs silver. The return of the Bank of Ger-
SeeeipU al and ShipnunU from .V. T.
Correnoy
Gold
«2,5S8.000
12.000
,
Total
many shows
a gain of 9,420,000 marks.
exhibits
amount
Shipped.
Rtttited.
(315,000
246,000
$2,600,000
tS61,000
the
European banks
this
week and
The
baiik return of
averages.
week was made up on
last
Considering this
fact,
falling
the following will give
an indication of the statement due to-day.
at the corresponding date
last year.
Hay
The Bank of America received $300,000 gold on
account of the associated banks during the week, and
paid out $2,900,000, of which $2,500,000 went to Europe
on "Wednesday.
The following
of bullion in each of the principal
3fay 26, 1881.
25, 1882.
Ooid.
SUver.
<Md.
Silver.
a
Bank ot England
Bank of France
Baukot Germanjr
Total tUs week
Total prevloo* week..
23,384.330
23,952,924
StiOni .M(5 4B.242.45.^ 24.SS1,356 49,339,339
7.246,250 21.73<«,750 7,357,250 22,071,750
.
67,232,096 67,g>)l,305 58,191.530 71,461,089
66.177,548 67,624,843157,,770,530 71,194370
tgr Tlie above gold and sUrer dlrlaion of the (took of ooId of tiM Bank
InloSankt. Outo/Bankt
Buti-Treaauiy operations, net.
Interior movement
Gold exported
tbla
week
,
2.600,000
$1,265,277
*2,03g,000
2,500,000
$4,326.277
$1.726.277
»I,20.'5,277
3,600,000
.......
Total.
Gain.
The
(
»2.600.000|
foreign exchange market
Kel Lot.
S61,000
of
(Jeminny
Is
tufonuallon on
week
;
(Ire* no
The Assay office paid through the Sub-Treasury during
week $42,382. The Assistant Treasurer received the
following from the Custom House.
CoHtitUnff
is
VuHu.
rates
leading bankers, partly in consequence of the doHiand
being for the moment satisfied, and partly from a better
supply of bills
but any inquiry for round amount'
Itself
the
quiet and somewhat
DaU.
were high enough to
make gold shipments fairly profitable. After the gold
May 10..
left on Wednesday there was a slight shading of rates,
" 20..
" 22..
and yesterday they were marked down by some of the
lower, but early in the
merely popular estimate, as the Bank
tliut point.
"
'•
"
34
47
$114,000
94.000
96.000
141,000
63,000
85,000
$2.091,028 12
$1,937,000 $147,000 »12.000
$59^^.000
9586,642
S07,404
432,030
658.609
426,639
389,702
24.
25
Total.
Certi/leatet.
$454,000 $20,000 $1,000
193,000
10,000
312,000
15,000 10,000
350,000
68,000
833/M>0
23,000
1,000
286,000
19.000
gold.
23..
I
of—
aUttr
DotUtn.
44
08
09
70
U.S.
Nota.
THE CHRONICLE.
590
[Vou zxht.
"percent." "We fail to see the difference between these
two statements. Our assertion, as will be seen, was that
Commission and its action in fixing railroad rates, has the reduction was 30 per cent below the rates previously
But what were the rates previously
called forth the following letter, criticising some of our "allowed" (sic).
allowed
Why,
those
?
fixed by the schedule of 1873,
conclusions, from Mr. John Moses, the Secretary to the Comwhich
had
until
then
been in force.
Thus, in effect
mission.
we said precisely what Secretary Moses claims the ComBPBntOFiSLD, ni., May 18, 1882.
ILLINOIS RAILROAD COMMISSION AGAIN.
Our
article of
two weeks ago on the
Illinois
Railroad
To the Chronicle, Kea Tork Oily :
Permit me to make some corrections in an article pnbUaUed In yonr
paper of tlie 13th lost, entitled " Illinoia Railroad OommlBsion."
Pirsl—The Commissioners have nowhere stated that the raviaed
schedule of Dcoomber 1, 1881, was " nearly 30 per cent below the rates
which had until then been allowed within niinois," as you state but In
their report of 1881, in commenting upon said revised schedule, did
remark that the.v showed "an average reduction of rates below the old
schedule (of 1873) on all leading articles of freight of nearly 30 per
;
missioners said.
not
minimum
States only prescribe
charges, so
it
was not
were being asked or obtained by the railroads.
it gave a clear
idea as to the measure of change made by the Commis-
We
cited the reduction simply because
sion in revising the schedule of eight years before.
At
the same time
we were aware
that none of the
Yon will observe that the Commiaalon did not state that they had
made a reduction of 30 per cent on the rates which the roada were then
charging— the fact being that none of them pretended to observe the
of
rates fixed by the schedule of 1873, nearly all of them oharging on an
average much lower rates on all loading articles, especially at com-
much lower
peting points.
did not dwell upon this point, because
'
charges,
be inferred that
full rates
cent."
While it is true that the Illinois revised sohedulea of December 1
established rates from 25 to 33 per cent below the rates fixed by
law in the States of Missouri and Wisconsin, and this for obvious reasons—such as a more densely settled country and a greater volume of
business done—the Commissioners did not announce, and never hare
stated, that the revised rates were "25a33per cent below the rates
prevailing in adjoining States." You will readily notice the wide difference of statement. Besides this, the rates fixed by law in the States
named were not then, and in fact never have been, ehargedjir received
by railroads, but altogether lower rates. The object of the Commission
was simply to make a comparison of their action under the laws of Illinois with that of *he Legislatures of other States which had themselves
established maximum ratea by law.
Second—Yoa state that the Commissioners " about a month ago deter,
mined to make still further reductions, aud on April 10 another 'new
and revised schedule went into effect, arbitrarily scaling rates down
wo are informed, on an average 30 to 35 per cent more."
Yon were misinformed. The Board has not made a new and revised
eohedule since that of December 1. It ha«, however, revised theoiaasification of December 1 to this extent. In that classification the rat«
maximum
to
rail-
roads pretended to observe the rates fixed by the schedule
1873 and
that
on
leading
all
figures,
as
appeared unnecessary to do
it
were
articles
Secretary Moses
seemed
it
so,
charging
states.
We
so patent
every railroad
by us demonstrating that rates were
falling year by year, and in an astonishing ratio.
We
are glad, however, to have Mr. Moses' statement to the
same effect, for it is an of&cial admission and confirmareport published
tion of a fact that
And
accept.
many
persistently refuse to believe or
in this connection its force
not to be denied.
For does
it
not
tell
and bearing are
us that the
rail-
roads are doing this very desirable work of lightening
the
burdens of producers in getting their produce to
market, just as rapidly as improved machinery, improved
methods of management, and improved facilities will
permit ? Here we have the Secretary to a board having
oversight and control of the railroads of a State having a
was extended on some 1,400 different articles. Of these, 400 only were
ehanged more or less— some very slightly. Rates were filed for car- larger mileage than any other State in the Union, publoads, and other articles were added which had been omitted. By this licly admitting that the roads in that State had not even
classifloation a reduction was made on the articles affected
thereby of from 30 to 35 per cent, but at least 70 per cent of the articles
in the classification of December 1 were left undisturbed.
The changes made, as above specified, did not at ail affect the general
eohedule of rates which on all the leading articles, such as wheat and
com and soft lumber, salt, live stock, &o., &o., in carloads, remain the
change of
same
as fixed December 1.
I.make the above corrections of
tion or authority of the Board.
To understand
this letter
my own motion, and not
John Moses,
we must remember
that the object of our article which
it criticises
under direo.
Secretary.
first
of
was not
all
to
give prominence to the action of the Illinois Commissioners on
its
own
account, but to use that action to illustrate
and enforce a general
in our
own
just
Several measures are pending
Legislature seeking to establish a board of
Commissioners for
know
truth.
New
it became important to
had followed the institution of
other States, and to this end the action
what
York, so
results
similar boards in
of the Illinois Commissioners ofiEered a valuable guide.
As
pretended to go to the limit of the law, but on the contrary
had charged considerably
less
than the
maximum
—
Let us now make it prominent fer Mr. Moses seems
we did not do so sufficiently before that during
all these eight years while the old schedule was in operaThey were
tion, rates were being gradually reduced.
reduced, not because the law commanded it or required it,
but because circumstances more powerful than law or lawmakers the higher law compelled it. As far as the pressure of any statutory provision is concerned, the railroads
might have insisted upon the full maximum allowance of
Yet they did not, and even those opposed to rail1873.
roads are compelled to admit it. We are surprised, how-
—
to think
—
—
Moses should not see the force of the admis^
without any
assistance or suggestion from the Commissioners, improved
the service and cheapened the cost in the past, is it not a
fair presumption that they will continue to do so in the
future ? There may be some particulars in which railroads and railroad managers can not be trusted to work out
ever, that Mr.
sion, for if it is true that the railroads have,
what they did was not
more important argument that in the
present state of society railroad supervision more frequently
proves a hindrance rather than an aid in reaching the end
aimed at, it is of little consequence whether we quoted
the precise language of the Commissioners or merely the the best results, but evidently experience proves that this
substance of it, which is all that was pretended.
Never- rate question is not one of them. If a railroad is not suffitheless, the article was prepared with unusual care, lest ciently enterprising or energetic to make reductions as
injustice might be done the Commissioners, and it will be fast as the exigencies of the time demand, or the cheapen
interesting to see
especially as it gives us the opportunity ing of the cost of transportation or an improvement in
to further enforce the position we took
in what particu- facilities warrants, some other railroad will arise to take
lars, if in any, our statements need change or modification. its place, and any railroad manager who does not recogMr. Moses begins by saying that " the Commissioners nize this fact is soon supplanted by one who does.
" have nowhere stated that the revised schedule of Dec.
And this being so, of what service is a Commission ?
" 1, 1881, was 'nearly 30 per cent below the rates which Certainly it can not facilitate the descent towards lower
^"had until then been allowed within Illinois,' " as we rates. It can not give an impetus to natural forces, or
gave it, but that they did say that these rates showed the operation of trade laws. It takes time to bring about
" an average reduction of rates below the old schedule such changes, and only injury and disaster can result from
affecting our argument, that
justified,
or the
—
"(of 1873) on
all
—
leading articles of freight of nearly 30
-
so fixed.
an attempt
to force
them prematurely.
The
rates prevail-
'
,
THE CHRONICLE.
If AT 87, 188fcJ
lag pow,
\I
forced upon tho railroads in 1873, would have
thrown every one of thorn into bankruptcy. Ratea that
would permit of a fair dividend on stock three years honco
may not be sufliciont to pay interest charges on tho debt
npw. Thus it requires foresight, knowledge and experience to so adjust rates as to meet prevailing conditions.
Now, will it be claimed that a Commission is more likely
to have these requisites than railroad managers themselves 7
la it not very palpable that quite the contrary
likely but certain to bo tho case 7
Then
is
not only
not evident that
691
" leading articles "
mind that
certain
were not redaoed •
second time, the reader can calculate for himself to what
extent articles not " leading;" and which were subject to
a double reduction, have been affected.
When we wrote our previooa article we bad not the
full April figures before us, but have now obuined them,
and give in another column the difference in cents per 1 00
lbs.
between the December and April schedules on more
than 200 separate
and the figures
articles.
In the light of thui statement
Commisa Commission which undertakes to regulate a thing which sion, or rather any action at all by it, appears all the more
from inexperience or incompetency it does not understand, open to objection. The reduction runs all the way from
which in fact it cannot understand, mast produce mis- one cent on the hundred pounds to one dollar, depending
chief, just as the latest action of tho Illinois Commission- upon bulk, size, &c., of the articles.
Now, the Secretary
ers is working mischief 7
A little thinking will convince tells us that altogether there are over 1,400 articles on
any person that the disposition to lower charges being which the Commission fixed rates. Do our readers know
present among the railroads, any attempt on the part of what it means to establish rates on 1,400 different articles 7
law or commissions to take upon themselves this function Do they know what qualifications one must needs poaseaa
most have an effect quite the reverse of that intended, to do this work 7 It is almost appalling to think of the
for with tho threat hanging over it of a large reduction at time, labor, investigation, examination and study necesany time when it suits the whim, caprice, or purpose of sary to a correct performance of such a task, and it is
the government olEcer in charge, tho railroad will of scarcely necessary to say that not only intelligence of a
oonrso be deterred from making voluntary reductions.
high order, but experience, tact and a thorough knowledge
Mr. Moses dissents from our remark that the Commis- of railroad affairs, profits and finances are required. And
sioners stated in their report that tho rales fixed by the even one who has been trained in the service all his life
December schedule were " 25(g|33 per cent below the rates goes about the work cautiously and with great circumprevailing in adjoining Statee." Perhaps the statement spection.
Indeed, such an one would make only single
was not sufficiently explicit, and therefore open to miscon- and individual changes, and then only when they appeared
is it
seems to us to be substantially correct. To
Commissioners actually did say, in their
own language, we quote from page 18 of the report for
1881 : " As compared with the rates in Wisconsin and
it
contains, the latest action of the
But here comes a board of three men
our facts are not at fault, ever had
any connection with railroad affairs, and determines to
make a wholesale reduction and a wholesale change in
"Missouri, adjoining States in which rates are made by 1,400 different articles, and then four months subsequently
" legislation, the Illinois rates, as fixed in the revised sched- another wholesale change second only to the first. Why,
"nlcs, are from 25 to 33 percent lower on both passengers an ordinary man would stand abashed at the idea!
"and freights." In using the expression " adjoining States,"
The Illinois Commissioners are a very estimable set of
it would have been better possibly, if, like the Commis- gentlemen, and no one would venture to make any disparioners, we had stated just what States were meant, as aging remarks about them.
Yet while this is true, it ia
Indiana evidently was not included but as Indiana has equally true that no one will claim for them any special
no Commission and therefore comparison with the rates fitness to undertake and perform with justice the Herculean
on its railroads is not easy, the expression, even unquaJified task imposed upon them. And we are not finding fault
would mislead no one. For the same reason, since a com- with them, or with their actions, which are without doubt
parison had to be on a similar basis for all States, and forced upon them by public opinion, but with the absurd
the rates fixed by law offered the only such basis, the system that assigns such a duty to them. The last reducomission to mention the fact that in none of the States tion, the Secretary tells us, embraced only 400 articles, but
embraced were these maximum rates fixed by law charged it is on these articles, if we are not misinformed, that the
by the railroads, but much lower charges, does not appear bulk of profit is made by the railroads. It is well known
to have been material.
that a railroad has to depend for its profits chiefly upon
Mr. Moses finally takes issue with us on our remark local business. Through business may be larger in volume
that the tariff, as amended April 10, constitutes "another but competition is so strong on this that the railroad derives
oew and revised schedule." He states that the classifica- very little gain from it. It is precisely this class of traffic
tion of December was extended over some 1,400 articles in Dlinois that the two revisions chiefly affect, and it is the
altogether, and that only 400 of these were changed again same class of traffic that always invokes the aid of a ComOnly 400 changes and revisions
It would mission.
in April.
Yet though the local shipper will never be satiscertainly seem as if to make 400 alterations in any state- fied until he gets through rates, it is nevertheless true that
ment or thing were sufficient to entitle that statement or this is clearly impossible. A railroad is primarily built for the
thing to tho claim of newness and also that of having been benefit of the sections it traverses, and these sections must
revised.
Mr. Moses is evidently of the opinion that make it self-sustaining.
If the railroad can, besides,
because certain leading articles were not changed in the obtain a share of through business, and obtain a profit on
second revision the term used should not apply. But the it be it never so small, all the better, for just so much leas
point is not of sufficient importance to merit any particular will the local community have to contribute to make the
discussion, so we pass it by.
Mr. Moses affirms, however, railroad self-supporting.
that in the classification of April 10 a reduction was made,
This is so nearly self-evident as to be almost axiomatic
on the articles ai^ectcd by the change, of from 30 to 35 yet the Commission appears to have entirely lost sight of
per cent, and he does not deem it necessary apparently to it. In making the changes, the main consideration with
amend or qualify in that connection the remark of the the Commissioners should have been, Will the railroads
Commissioners in their report that the December schedule be able to make the new rates pay7 But we are afraid that
showed "an average reduction of rates below the old the Commissioners were compelled to ignore this consid"schedule of 1873 "«f nearly_30 per cent Bearing in eration altogether. The Commissioners not having to foot
ception, but
show what
it
the
clearly justifiable.
only one of whom,
if
;
I
,
—
THE (JHRONKJLE.
592
they had and have nothing at stake;
everything at stake, and in dealing
have
but the railroads
that the State has dealt itself
afraid
are
blow
we
them a
We have dwelt thus at length upon this quesa blow.
tion, because of its importance upon contemplated action
here, and we trust that the wholesome teaching which the
tlie railroads' bills,
experience of other States oSers will not be lost upon
Should the Eailroad Commission bill at Albany
ours.
ever emerge from the political scum by which it is surrounded, and should it survive the political intrigue,
XXXIV.
[Vol.
every minute or two, crystallizing the iron, so that in a few
years, as the timid croaker says,
— present
to
it
drop in pieces
will all
the imagination possibilities for accidents
that could not bo easily increased; and yet
mode
of transit
age
not quicker.
is
we
all
use that
and grumble frequently because the pass-
In a steamer, however, out on the broad ocean, we do
not see how there can be any appreciable difference in the
risk whether one is traveling 12, or 15, or 18 knots an
Certainly there can be only one opinion on this
hour.
machinations and cabal which it is the occasion of, we sin- point if the weather is clear and not foggy. But with
cerely hope we may not be threatened with any of the fogs the ocean passage is always attended with increased
hazard.
It is only when the traveler actually learns
evils that at present afflict the great State of Illinois.
by experience
to
a
—
which Great Britain is attaining a lost art in this countiy
under our prohibitory laws. To an American the passing
up the Clyde is a revelation, though he does not appreciate
the extent of the industry there represented, until he has
visited
one or more of those
many
centres of activity that
The Elder's shipyard, where the Arizona
and Alaska were built, is almost a city in itself. To see
the men pouring out of the yard at noon or night is
its
shores.
suggestive of the extent of the industry, but for a
realization of its
magnitude one needs
to
full
examine the work
in progress there.
Just at present the success of the Alaska
is
vessels one
appreciates
is
how
even
able
slight the
of
is
same minute
The remarkable passage of the Alaska last week is only
new reminder of the marvelous success in shipbuilding
line
that he
two of them passing the same point at the
Then if to this law of average thus
of time.
determined we add a fog horn blowing constantly, soundings and temperature taken at frequent intervals, and the
usual number of the crew on the look-out, the chance of a
collision seems to be reduced to a minimum, in fact is
scarcely possible except with a sailing vessel, and that only
when there is not sufficient wind for it to move off the
steamer's course.
All vessels slow up somewhat in a fog,
but it is questionable whether, if well off shore, and there
is no danger of icebergs, the risk is lessened by it.
This same passenger, who ihiuks the Alaska goes too
fast, intimates that the captain on this passage pushed his
vessel to the extreme, and did not use the ordinary prechance
SKILL IN STEAMSHIP CONSTRUCTION.
how very few
in crossing,
see
directing
cautions.
Any one who
Murray
sure that none of this can be true, and
is
has crossed the ocean with Captain
we
are
remarkable improvements made of glad to be able to say so, for we know that a better man
late in the comfort, speed and sailing qualities of steamers or better sailor never commanded a vessel.
The whole
in the Atlantic service.
In earlier times we used to race of sea captains one cannot help admiring, as one
special attention to the
abottt
roll
and made
the lower depths of
in
sick,
not
so
disturbed
the ship
much by
the sea as
by
shaking of the engine and the natural air of the
the
vessel.
comes in contact with them.
opposite qualities,
gentleness, the claw or the
remember wjien the passage, with such surroundings, from Sandy Heok to Queenstown was reduced to
ten days, and then to nine, and the prophecies of those
times that it would be impossible to propel a boat through
the water at a much quicker rate.
And now we are down
the ocean
to nearly seven, with comforts increased in proportion to the
to,
"We
all
Their position
— sternness
or courtesy,
down
dependent upon whether on or
rounded character
itself
—
it
may be
by constant
the pussy-cat's foot
of
off
duty; and their well,
a breadth developed from
association
admirably for either or both.
very
calls for
vehemence or
It is
— seems
to
fit
them
no guarantee of careful
Most of them have
that a vessel goes slowly.
have not the speed in them. But the Arizona
decrease in time, until it appears as if the extreme limit for and Alaska have shown that they are superior vessels, and
improvement had really been reached, unless, perhaps, can constantly, not occasionally, make good time. We
as Mr. Corbin would do, we shorten the distance.
Still,
refer to them, therefore, only in the interest of nautical
the Arizona, which was last year's marvel, not only for science, because we find this disposition to chargs their
speed, but for steadiness also, seems now to be surpassed in speed to excessive pushing by the captain, rather than to
both particulars by this new experiment. It is not often remarkable skill in construction.
Their success should
that the
same builders so quickly improve upon them-
selves; yet their success will only incite
new
effort,
and
cies
which
limit possible results.
But we are
it
would not be wise
told that
it is
to
class
of
people
name
in the press.
exist,
who
fast.
made
One
of
public his
We presume that a
to-day prefer and
take the
The least carelessmanagement or passenger is
apparently insecure conditions.
hazardous, and even with the utmost care, the reader does
not need to- be told, that riding on a rail 45 feet high, held
in place
by a small iron
pier,
and in our best companies
it
does.
make any prophe-
not safe to go so
ness on the part of either
excite rivalry, not envy,
other firms to
accommodation train instead of the express train for that
very reason, and would perhaps cling to the stage coach
if they could.
The mass of humanity, however, exchange
the risk for the speed, and would even if .the risk was
twice as great. Perhaps the latest device in which the
question was sharply presented was the elevated railroad.
No form of transit has ever been tried which combined so
many
for they
LOCAL SELF-QOVERNMENT.
the passengers on the Alaska has even
fears but not his
management
Among
the
many
mischievous measures
Legislature are two
in the
week, relative to this
election,
city.
introduced
new charters presented last
One provides for a direct
next autumn, of a Mayor, Comptroller, Commis-
sioners of Public
Works and
Corporation Counsel
;
of Street Cleaning,
the other makes a
and a
number ofVadical
changes, and provides for the election of these and othe?
officers,
by
direct popular vote, next month.
able that there
is
no apparent care
tense that either of these charters
is
to
It is notice-
make even a
pre-
in the interest of the
As the Albany dispatch puts it, " all
who occupy thtse positions now are opposed
public.
of the officers
to
Tammany
Hall, and the charter was undoubtedly introduced in the
hope that, if passed, Tammany might make such a
political
and with a train each way obtain
combination at
the
November
at least a part of these offices."
election as to
&Ut
1 1
to
n^THE CHRONICLE.
18811
37.
jiartakes of the nature of
K7
an elementary propoiition
that a great majority of the citizens of this city,
593
;" the government of a great
by a country, in all practical respects jforeign, muat
then be an example of unjust powers, as they are not
the consent of the governed
city
and certainly an overwhelming majority of those who do
not find their liring in " practical " politics, desire only
good government and care lees about the squabbles of
based on the consent of the governed.
than abont the treatment of Peru
by Chili. That unrealized ideal, that millennial Arcadian
thing good government so enormously paid for and
sentative shall be a resident
local partisan factions
—
—
yet never obtained, seems no nearer than ever, and the
Kost studied attempt to secure it, made in the municipal
commission of some six years ago, failed utterly, because
the evil which that attempted to cure had undermined the
ground on which
may
it
proposed to base
correctly say that there are in
Yet we
its starting.
New York some
sure
No man's pocket is safe with his neighbor's hand iz. it.
No principle in representation is so eld as that the repre>
interests
in,
of,
and have
his
worldly
the section he assumes to represent and t
Nothing has become more odious, and
more opposed to every idea of justice and reason,
than what has obtained the name of carpetbag government. "What we called, last year, government by Sag
Harbor when the representative from that Long Island
town was determined that this city should have dirty
streets and pestilence unless a commission properly constilegislate
nothing
for.
is
—
glimmerings of improvement in the government we have
now, even if they are temporary results of the system and tuted (from the practical politics and patronage standpoint)
not in the system itself. "We have a Mayor who seems could control the work means the subjection of the metroto as polis to the rural politicians who, in coalition with the
for his o£Gce is little else
to use his clerkship
good advantage as his hampered condition will allow city's politicians, propose to live upon it and do live upon
—
him, and we have streets cleaner than for
—
—
[
many
a
year
before.
In Brooklyn a more positive— we might almost say, a
most
jwsitive
— advance has been secured, in that the pres-
The State does not assume to govern Sag Harbor in
her local matters, 'because Sag Harbor has nothing to
it.
"divide;" but
Sag Harbor (and the rest) govern the city,
and with the same motive.
as the leech governs the horse,
young man actuated by motives admittedly How much longer will the metropolis serve as the thing
and chosen with direct reference to the circumstances, to be fought over and portioned out, its own interests reckhas the sole power of appointing heads of tie municipal oned aliunde and bargained away recklessly ? Is it not
departments, although without power of removing them; time there were a new declaration of independence ? Is it
his power ends with suspending them, pending the trial not true and plain that, as respects local government of
This almost their own concerns, these cities "are, and of right ought
of the sufficiency of his reasons by a court.
ent Mayor, a
lofty,
grotesque enlargement of the authority of the head ofBcer
of Brooklyn
—
to be, free
and independent
?"
given by a law for a special purpose, not in
new
amendment of the old
Mayor to make no
mistakes, but stops short of giving him opportunity to
amend them if he dees make any. He took the office
the form of a
charter or an
—extends only to
one
THE
ST.
GOTHARD RAILROAD— OPENING
CEREMONIES.
permitting the
of the St. Gothard railroad has led
Germany, Switzerland and Italy, and
has brought together both at Lucerne and Milan large
numbers of the magnates of the three countries.
It is now some two years since this tunnel was subBut defects of various kinds were
stantially completed.
discovered and had to be attended to, and connection had
For
to be made with the railroad system north and south.
some time past the work has been in a forward state; but
for the convenience of the parties who were expected to be
The formal opening
to great rejoicing in
under the novel and encouraging pledge to ignore party
and consult only the city's interests; he was the candidate
both of party and no party, and his election was urged
and carried on the special ground that the one little bit of
concession granted by the Legislature must be turned to
the best possible account, not only for its good results
directly, but by way of justifying and encouraging the experiment of permitting self-government.
Here on the other side of the East River, we have not present, as well as for the purpose of securing favorable
got even this little bit yet; but on the other hand, the gov- weather, the formal opening was deferred.
ernment we happen to have now, if it cannot be said to be
This entire enterprise was stimulated if not originated
may be
by the rival tunnel through Mont Cenis. The latter; the
somewhat less bad than usual. And when propositions most remarkable tunnel ever constructed prior to the one
are submitted to upset it and make a new "deal," for no now under consideration, connects France with Italy, as
reason, real or pretended, founded upon either require- is well known." It was commenced in 1857, and comment of the public interests or the least regard for those pleted in 1871. Its completion opened the eyes of the
decidedly better than usual,
interests,
but solely that a
said at least to be
dissatisfied faction
get a larger share of offices than
now
may perhaps Germans
in
order
depriving us of the miserable
little
it
has,
it
is
to the disadvantages
under which they were thus
placed with regard to the trade of the South.
Austria
had already made a connection with the railroad system of
which we happen to have left.
Italy by the Brenner Pass, and France had now overcome
For how many years is this metropolitan district to be the ancient barrier of the Alps^by means of a tunnel.
despoiled, under the pretense of governing it, by the State "Why should Germany lag behind in this race for commerat large ?
It is a literal fact that the majority of bills pre- cial advantages with the South?
It was not only Italy
sented at Albany relate, directly or indirectly, to this which was opened up to Austria and France by these
city, and that if the metropolis governed itself
as small railroad connections; it was the entire trade of the South,
civil divisions which cannot furnish meat for plundering including the shores
of the Mediterranean and the
are permitted to do there would be little or nothing Levant.
Under these circumstances, and to meet this
" in " the business of legislating. Taxation without rep- emergency, the St. Gothard Railway was projected,
resentation was the colonial grievance a hundred and six and in 1872, the year following that which witnessed the
years ago
what is it but that, when the State at large completion of the Mont Cenis timnel, the work was comassumes to govern one geographically small corner of it ? menced.
Germany and Switzerland held themselves
An ancient document, once highly esteemed as an embodi- reponsible for the carrying out of the undertaking. The
against
to protest
—
—
;
ment
of
the
primal
principles
of
free
government,
declared that governments derive "their just powers from
which was very stringent, was given to M. Louis
Favre of Geneva, who bound himself under heavy penal-
contract,
'
THE CHRONICLE.
694
ties to
The
have
work done by the
thie
of October, 1880.
Ist
The
tunnel was completed within the time specified.
was somewhere about
The length of the tunnel
cost
forty-five millions of dollars.
9^
is
miles,
and
it is,
Hoosac, which
which
is
under four
slightly
is
not quite
miles,
five
therefore,
and the Sutro,
The northern entrance
miles.
near the small village of Goeschenen, in the Canton Uri, in the German-speaking part of Switzerland. Its
height above sea level is three thousand six hundred
is situated
and thirty-Seven
The southern entrance
feet.
near the
is
Italian-speaking Canton
village of Airolo, in the
Tessia,
and its height above sea level is three thousand seven
hundred and fifty-six feet.
Thus the Alps one of the great historic barriers
of the old world, a barrier which has had much to
dci'with the making and preservation of race distinctions
have practically ceased to exist. They have
been effectually pierced in two separate places; and two
mighty highways now connect Northern with Southern
—
—
Eur ope.
not possible to regard the disappearance of
It is
this great dividing barrier wall but as a positive gain to
humanity.
In the early history of the race the tendency
was towards
The
division.
forced for a time
by
tendency towards
Roman
the
effectually overcome, has
unity,
empire, but afterwards
these later ages reappeared
in
TffE ILLINOIS
The
and
the largest tunnel in the world, exceeding in length that
of Mont Genis, which is a little over five miles, the
[Vou XXXIV.
following
its results
on
made Upon a haul of
rates,
between the Conimissioner's
and the proposed
Note.
RAILROAD RATES.
a comparative statement of
is
classification of
and
lbs.
over.
Diff. In
Articles.
els.
per
100
lbs.
It
makes
Mills -Portable or burr atone 10-00
planters, cultivators, &o. 22-75
Flat, tied in bundles
10-00
Apples, dried, 5,000 lbs. or
Grain, cane, cob or bark... 17-50
Mill macliinery
22-75
—
over
Bacon, loose
Bags, paper
Bandboxes
Boxed
Cider
13-.50
13-50
45"S0
22-75
22-75
»
Barrels— Casks, large
Pork, beef, liquor, vinegar,
oil, flour, beer,
paper;
also, »a,
>4, i8
bbls. beer.
.
Baskets
Bathtubs
Bed cord
Beeswax
10-00
30-40
22-75
1000
1000
Boats
Boots in trnnks
Boxes, empty
Brass vessels
Bread, carload
Brimstone
Brooms, carloads
45-50
22-75
4D'50
10-00
23-50
13-50
30-40
j
4550
Butter— tn crocks..:
In wood, 5,000 lbs. or over. 13-50
In wood, in oar loads
II'IO
17-50
Buttertubs and firkins
Boxed
13-.50
Candy and confectionery.bxs 1000
22-75
Caps in trunks
10-00
10-00
Caps, percussion
Carpets ana carpeting
Carpet lining ,&o
1000
17-50
. .
lOOO
13-50
10-00
1000
22-75
24-25
16-75
Doors
With soft lumber
Dry goods in trunks
Karthenware, loose
That the St. Gothard Railroad will have a beneficial
effect on the relations of Germany and Italy, and that Eggs in
Switzerland
manner
of
doubt.
convenience.
that
It is
have had sowe experience of
was found at once to be a great
now an absolute necessity and men
it
was
It
;
possible to
has greatly increased
It
the benefit, there can be no
We
the Mt. Genis tunnel.
wonder
do so long without
the intercourse
it.
between Italy
and France; and it has done much to develop some
branches of the interior trade of both. It has also greatly
shortened the distance between the Atlantic seaboard and
By
the East.
the overland route, via Brindisi,
Egypt
is
brought within some four or five days of England. France
and Italy have both gained and so have the entire trav
;
eUng public
22-75,
of the
similar results
will
West.
It
is
flow from the
not possible but that
opening of
the St.
Chairs, cane, splint. Ac
1000
Chairs, camp or folding
45 50
Chairs, orated or in bundles 91*00
Chairs, 5,000 lbs. or over .100*01
Chairs, set up In frame or
45*50
finished
Lounges, sofas,
Spring beds
45*50
45*50
45*50
<tc
School, setup
Glass, ilate or stained, 5>a
l>.y 8 feet, or under
45.50
Hay. straw, or stalk cutters. 22*75
22*75
Hides, dry. loose
10*00
Pressed in bales
Alps, and they will find themselves on the plains of
Lombardy. At Milan the entire railroad system of Italy
Hose— Leather,rubber or can
will be at their service.
The removal
of the
in
22-75
lO'OO
45-50
bales
Naphtha
Nuts—Edible,
17 50
in sacks
1000
cans or Jugs, boxed,
kegs or jackets
45-50
In wood
17'50
Oil cloth
10-00
Faints— In boxes or cans
13-50
Not boxed
17-50
Paper hangings, not boxed. 45-60
Paper— BuildinK or rooUng,
carloads
13-50
Printing, bundles or rolls.. 13-50
Sand, bundles
10-00
Sand, boxes
13'50
Wrapping, boxes
10-00
Pipes— Smoking, wooden or
fancy, boxed
10-00
Pitch, carloads
11-10
Poultry— Dressed, 1,000 lbs.
or oyer
17-50
Live, in coops
22-7S
Preserves, in glass packages. 1000
When shipped with canned
goods, making 5,000 lbs. 40-25
Presses— Hay
1000
Pumps— Chain and fixtures. 10-00
Iron
10-00
Rags, in car loads
11-10
45-50
Retorts
Iron
23-o0
Safes— Bread, cheese, meat,
milk, kitchen
lO'OO
Iron, each weighing 10,000
lbs. or over
17-50
Sashes- Window
10-00
Seed— Garden
10-00
Osage orange
10-00
13-50
Soapstoue- Slabs, boxed
Stone dust
13 50
22-75
Spoke drivers
Bpring beds
45 50
Stationery
10*00
OU— In
.
.
Stills- Copper or iron, inolud-
ing worms
pipe
Plate
Stones and stone furniture
Tar, in carloads
45*50
2-2*76
.
—
line has for the last ten years given to France.
few
hours' ride across Switzerland, and through the bowels of
the
Preseed
22-76
22-75
. 22-75
45-50
11-10
Evaporators
45-50 Tents and fixtures
10-00
Feathers in bags
4.^*50 Tiles— Drain
13-50
Feed steamers
22-76
Flour in sacks
IS.'iO Tinware— Loose
14-42 Tobacco Cut, in pails
4'i-50
2,000 lbs. and over
45*50
In caddies, not strapped... 10-00
Frames, picture
45-50
Traveling bags
Fruits, green, 2,000 lbs. and
17-50 Trees and shrubbery, boxei. 10-00
over
4.5*50
lu bales weighing less than
Furniture, setup
10*00
1(10 lbs
45-50
In boxes
22-76
Crated or tied in Ijundles.. 10*00 Trunks, filled
13-60
Turpentine, incarlcids
Bedsteads,
common, in
10-00
liieces
10 00 Twine, in bales
17-60
Chairs, willow or rattan. .. 4.t*50 Type, in tar loads
10-00
Chairs, wood seat, set up.. 6825 Varnish, in wood
45-!50
Window, over 32x44
6900
Gothard railway. It is situated too far to the east, to offer
Window, 32x44, and under. 23*50
Plate or stained, S^a by 8,
the same temptations to American and English travelers
91*00
or under
1000
seeking the sunny South, the Nile, or the Syrian coast. Glue
Grindstones
23 50
1000
But it will prove a new outlet to Germany, and secure Hair, curled. In bale or rope. 10*00
Hams and shoulders, loose..
22*75
for the German people all the advantages which the rival Hats and caps in trunks
10*00
Hay presses
A
Moss— In sacks
1000 Stove
baskets
Engines, steam, set up
also will share
lo-OO
1000 Mouldings
;
family,
for peace.
Biff, in
ctt.jier
lOO Ibt.
Arltclea.
Agricultural implements.less
than car loads Corn
sashes
noblest sense, of civilization.
12, 1881,
—This statement only shows the reductions where they
are 10 cents per 100
and of Clothing
23-50
Coal tar
13-50
giving oneness of interest and oneness of aim to all. In Coffee
Copper vessels
lO'OO
that sense this pathway of communication is not merely a Cordage or twine. In bundles. 1000
Cornices and brackets
45'.50
10-00
triumph of science, but a triumph, in the highest and Ditching machines
34-25
Doors and
human
December
classification of April 10, 1882.
under other influences; and the multiplication of Suez Ciissia
Chain pumps and fixtures.
Canals' and Alpine tunnels is but the multiplication of Chalk In boxes
Charcoal
forces which aid in the great work of destroying race dis
Cider mills and presses
tinctions, of restoring unity to the
classification
125 miles, as
22*75
Hoilowware
Horse collars
Horse powers
vas
22*7.5
1000
Vegi-tables. in car loads (not
30'40
otherwise specified)
Vehicles —Stage coach, omnibus, hearse, two-seat car»
rlages, liack or coupe not-
boxed
,.. 45-50
91-00
2;!-75
Boxed, in box car
Top buggy, not boxed, set
45-50
up
Top or open bugg.es, taken
22-75
apart
Two-horse express or pedlai's wagon, not boxed,
6S-25
setup
-22-76
One-horse, as above
Same taken apart
Same on fiat car
Democrat spring wagon
boxcar
Same taken
boxed
Wagons, common or
setup
10*00
10*00
Ice
Iron hoops—Sheet or galvan23*50
ized
55*50
Russia or planished
68-25
22-76
'.
Running
gear,
tftrm,
22-76
including
45 50
wheels
Sleighs, in frames, in
box
45-50
68'25
cars
on
Sleighs,
-
in
not
anart,
Sleigh
flat
cars
bodies,
racked
or
crated
22-76
Same, extra largo, two or
.-.. 68-25
which keep the nations
three seats
Venison, 6,000 lbs. or over .. 10-00
apart, and which hinder trade and true progress generally,
17-50 Wugon trees and tongues,
Kettles— Cauldron
felloes,
axlee,
45-.50
bows.
Ladders
is a much more noble work than slaughtering
10*0<i
spokcR, hubs, neck yokes,
men Lard in crocks
13-50
miinul'acturcd
10 00
in war or paralyzing national energy by maintaining Lenther- Loose
13*50
Pame In rough
Liquors or liquids — lu glass,
highwluos,
In
Whisky and
cans or Jugs, kegs or
huge standing armies. Such barriers are not yet all re23'SO
45*.50
bbls
Jackets
Whisliey and high wines In
In square or round cans,
moved. There is much of this work yet to be done. All
27-PO
20 lilils. or over
— whether
praise to those
4Belves for
the task.
barriers
men
or nations— who gird them-
1000
completely boxed
10*00
In wood
$1 valuation per gallon
Windmills in pieces
Machines— Sewing, boxed or
22*75 Wool in car loads,
racked
Mattresses
45*50
Zinc stove boards
13-50
10-00
30-40
10-00
...
Mat
The
,
THE CHRONICLE.
37, 1683. J
following articles
below:
reduotioDs
:
.
mored
Thronghoat tho week money hM be«n
demand. The qaoUtion for short loani is
oonaidenble qouiUtie* show
in
u
Diff.in
ell, vtr
lOD lb:
Ihtr.in
eU.ftr
100 1&«.
ArUelei.
ApplM.grtKM).l«Mttian501b« 6-00
0«uiuad gniMla
Obeece, uoxrti or
Ooke, oar loada
Arlielt*.
Mid Dirikea, kegs, 60
R-SO
kega and over
610
Oarloads
Natl*
3-80
7-50
7'50
3-20
Beor, cur lomts
uulu
Oil cako, car loads
Fiitntoca, car loiuls
Rice, cnr loiuls
Saali, doors and bllnda, oar
I'lO
01)0
loads
Soap, car loads
ISO
Buna aiul shuuldera, oar
loads
HaiidlPH, wond, oar lootU....
Bogt, drosacd, car loada
Hoop and hoop poles, oar
0-90
'JOO
loads
loe, car loads
2-90
2'20
Btone, car loads
Sugar, car loiuls
Syrup, cnr loads
O-OO
Tile, ciir loiuls
I«m— Articles of
OUO
Books
Wagon,
600
6'00
2'20
I.«M, oar loads
I«ad, pig, oar loada
630
220
8-20
8-20
3-.J0
IxiHs, felloes, axles,
per eent^
while the rates of disooant are as onder:
Far e»Ht. Open-market rate»—
Per hihI.
Bank rata.
4 mootha' bank bllla
a
a>t»3q
t»3%
Opeii-niarkot
6 montba' bank bills
2>a4"
'")
2>««2i|i
30 and 60
UO days'
d
bUla
4 A 6 months' trade bUJa. 3 •4
monlha' bills
-iiu
2>a«2>s
The rates of interest allowed by the joint-stock banks and
discount houses for deposits are as follows
Per eenL
Jolnt-stook banks
8
Maoounl houses at call
3
-
with 7 or 14 days' notice
Do
Zl*
Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of con-
the average quotation for English wheat, the price of middling npland cotton, of 40-mnle yarn, fair second quality, and
Whiskey, our loads
6-80
6-00
Wire, car loads
200 previous years:
loads
the Bankers' Clearing House retom, compared with the thres
^ggj
igg^
*
CIronlatlon
PubUc deposits
Other deposits
GovomiB't seonritlea.
Other soouritlea
BATBS OF KXCHANQK AT LONDON AND ON LONDON
AT LATBST DATBS.
MZCBANOS AT LOHDON-May
On-
Tim*.
Amsterdsm
Short.
3 mo8. VZIH. al2-4>3
.
12-1>9 «12-2>a
2.i-50
aZS-.'S.'i
20-63
a-20fi6
a20-()6
'320-66
-20-63
Frankfort.
20-63
Berlin
Oopenliu^en.
18-52 ®lH-56
BtPetersb'g.
24 9Vi''a
Parts
Short. 25-J7>«a-2."i-27>s
Farls
3 mos. 25-40 »25-47>«
12-12i9»12-15
Tleima
Madrid
46 9t5Tg
4614946
BUbao
Genoa
26-16
926-20
Alexandria
New York.
Oaloutta
I
Date.
Time.
May 13
Short.
1205
Hay
May
Hay
May
Short.
2526
Rate.
20-45
£0-45
20-45
May
Hay
May
Short
3mo«.
Short.
25-18>»
28-20>9
12-05
. .
.
. .
Hong Kong.
Bhanghai...
60 d'ye
60 d'ys
Is. 8l,«d.
Is. Slisd.
13
10
13
13
13
13
13
Short.
25-80
3 mos.
Short.
4 87
4 mos.
l8. 8i4d.
Is. SHA.
38. Pisd.
[From our own correspondent.
5s. 3d.
I
LoNDOR, Saturday, May 13, 1882.
The money market, which, in Home quarters, was looked npon
as likely to become firmer, has again ruled easy, and the rates
of discount have somewhat declined. The mercantile inquiry
has been upon a very moderate scale, but the chief cause of
the easier condition has been the announcement that some
important shipments of gold have been made from New York to
this country.
The greatly-reduced export movement from the
United States, at a time when imports are considerable, gives
rise to the belief that during the remainder of the crop year
the exchange will be in favor of London. There seems, how«Ter, to be no reason for believing that the Bank rate will be
lowered from its very moderate point of 3 per cent ; but the
open market rate is likely to rule extremely easy.
The course of business in this country remains extremely
qniet. The dreadful assassinations in Dublin last Saturday
evening have undoubtedly had considerable effect in checking
active business, and there has been no improvement since the
Government policy was revealed. The course of affairs in Ireland is awaited with great anxiety, and therejis also much solicitude with regard to Egypt, both of which causes naturally
impede our commerce. The position, in either particular, is
certainly not one which is calculated to have any beneficial
effect, and we must therefore anticipate a continuance of very
qniet times.
On the Stock Exchange during the week there
has been much inactivity ; but electric light shares have been
largely dealt in,— and not only have those which have been floated,
and obtained a quotation on the Stock Exchange, but several new
companies have been introduced to public notice. Illumination
by electricity is now becoming general and very popular, but it
is doubtful if the consumption of gas will be greatly diminished.
The price of gas will, no doubt, have to be lowered; but there
is an increasing demand for the article for cooking purposes,
and there will be an unceasing desire, now that the main
thoroughfares of our towns are so brilliantly lighted np, for a
better supply of gas to be given to subsidiary portions of the
towns.
We
— an
are likely to have, therefore, greater security
Advantage of importance to the community at large.
1879.
«
£
27.245,7P5 20,3n«.375
7,131.107
7.2l7,63l»
25,581.318 29.498.741
15.661,230 24,«75.2!)7
10.148,443 20.972,OSe
15,854,721 19,040,477
15,789,890
18,348.628
Sca'veof notes A coin.
15,276,606
Coin and bullion in
both dupariments.. 22,905,330 26,226,126 28,100,519 33,414,851
Proportion of reserve
42-73
to liabilities
Bankr.ito
3 P.O.
3 p. 0.
2>a p. 0.
99i«
Consols
102
102%
98%
Ene. wheat, av. price.
46s. 40.
44s. 9d.
4es. Od.
40s. 9d.
Mid. Upland cotton...
6>gd.
6^d.
7d.
6'hsd.
No. 40 Mule twist
10%d.
Ohi.
12d.
lOd.
Clear'K-house return. 102.589,000 100.932,000 91,914.000 84,262.000
The following are the rates for
ing foreign centres
Paris
Brussels
Amsterdam
Berlin
Bank
Open
rate.
market.
Pr. et.
3>3
4>a
Pr.
,
Hamburg. .
4
&
Madrid
4H
6
3H
SH
3'i
3%
4
money current
Spanish
St.
at the lead-
Bank
Ope*
rale.
marksl.
Pr.eL
Pr. cL
et.
3%»3>«
6
Vienna
Hay
May
May
May
May
May
Hay
1880.
M
26,6B0..520
6,43!<.04O
2.5,072,035
28,208,760
5,146,212
23,751.333
13.494.213
20,H73,340
12.446,580
Fiankfort. .
46%»46i6
Cadiz
Bombay
Latal
Bate.
Amsten'j&m
Antwerp...
Bambur^
XZOKAiraB OH LONDON.
13.
3X03^
sols,
huhH, neck spokes, trees
and tongues, rough, In car
6-00
modeiaU
in ttry
:
U'OO
BtavesandboadlnK.oarloada
Iron, aziea,
WDKOii or carrlaRC
Nuts, holts, rlvctx, washers. hlDgee, Staples
8'!20
595
other
cities.
Petersburg...
Oeneva
Genoa
Copenhagen
Bombay
«>•
4«fi
6
6
4>a
5
«<•
4
4
4
8
The silver market has been very quiet during the week, but
there has been no material change in prices. Fine bars are
quoted at 52^d. and Mexican dollars at Sl^d. per ounce.
Another company introduced this week is the Inland Steam
Navigation Company of Europe, with a capital of £300.000 in
£10 shares. The first iiisue is to be 35,000 shares, or £350,000.
Tenders for £1,000,000 Birmingham Corporation 3J6 per cent
stock were opened on Thursday at the Bank of England. The
applications amounted to upwards of £2,000,000, at prices varyfrom the minimum (£99) to £102 10s. per cent. Tenders at
£100 2s. received about 55 per cent of the amount applied for,
those above that price being allotted in full. The average
price realized was about £100 4s. 3d. per cent.
The American Securities Company, limited, announce that
they are authorized by the Fort Madison & North Western
Baiiway Company to invite subscriptions to |500,000 first mortgage sinking fund 7 per cent gold bonds, being the unissued
portion of $700,000 bonds. The bonds will be issued in sums of
$1,000 and $500 each. The price of issne is £105 for $500 bond.
The Australasian Electric Light, Power & Storage Company,
limited, is announced, with a capital of £255,000 in £5 shares.
The company has been formed to acquire the exclusive use and
ownership in Australia of all tho rights pertaining to the Brush
& Lane-Fox inventions.
The United States Rolling Stock Company annonnee an
issue of £200,000 6 per cent debentures at the price of £103 per
£100 debenture. The object of the issue is to provide funds
for the extension of the business.
The following figures show the imports of cotton into the
United Kingdom during the four months ended April 30, and
the exports of certain manufactures, as well as of cotton and
wool, during the same period :
IMPOR-I8.
Cotton
owt.
1880.
5.917.939
1831.
0,890.970
1882.
6,576,290
1581.
599,507
80.060.200
92.727.900
1.009,2«0
1882.
664,474
75,050.700
'21.594,000
BSI-OBTS.
18r-0.
Cotton
Cotton yam
Cotton piece goods
IroB and steef
Jute piece goodi
Linen yam
Linen piece goods
cwt.
lbs.
624.911
63,263.200
yanls. 1 "TO.0r2.lO.)'
l.-J72,A27
tons.
61,0:J7,10O
yards.
63.-258.iOO
Silk mauufacturos
£
British wool
lbs.
Colonial and foreign wool.lbs.
4,901,000
70,817.600
633.031
9,794,300
64,653,782
5,974,600
C3,626.000
771.891
4,550,700
lbs.
10,.'V07.600
yards.
yards.
yards.
yards.
14,228.800
75,819.300
7,560.100
15.413.300
Woolen yam
Wool fabrics
Worsted fabrics
Flannels
Cirpeta
BUuiketa
lbs.
yards-
pairs.
1,.^60,400
2,833,200
423,650
76,288,3,'^.2
69..'S00,200
1.935.000
2.730.100
381.960
T
1.339,2
U
eH,597.700
7.04
\300
6e.n97.700
OGi.^O?
3,64.^.200
82.1 17.188
8,806, :100
28."O(i.l0O
59.9S1.2U0
3.323.000
3,014.600
M4,434
:
:
The following were the
jnece goods exported
ponding month
in the
quantities of cotton manufactured
April,
1880.
Tard».
4,610,900
3,952,800
4,793,700
6,642,500
3,616,200
324,800
1,970.500
55,229.900
12,199,800
1,264,300
Oennany
Holland
France
Portugal, Azores
Italy".
compared with the
corres-
two preceding years
Exported to—
& Madeira.
Atistrian Territories
Greece
Turkey
of Africa (For.)..
United States
Foreign West Indies
Mexico
Central America
United States of Colombia
(New Qranada)
1881.
Jardt.
3,370,500
4,255,500
4,052,400
€,821,800
9,032.700
605,300
1.341,700
20,314,600
10,917,000
5,831,400
6,030,400
6,658,900
3,212,000
4,319,700
1882.
Yards.
2,610,100
2,129,000
4,497,200
5,439,000
8,871,400
691,900
2.394,200
22,970,800
8,158,100
2,626,100
5,276,300
6,767,290
6,714,600
2,753,200
1,852,600
1,639,000
2,925,000
2,625,400
4,595,400
15,046,400
1,509,000
5,760,400
6,462,300
1,517,600
54,787,300
4,401,500
8,224,500
4,322,800
1,604,600
2,537,400
2,149,400
3,562,500
3,577,300
10,782,200
2,028,900
6^030,000
5,761,900
3,107,900
39,662,200
2,135,000
7,374.000
6,004,700
1,284,800
1,566,200
2,512,400
4,170,600
3,207,700
3,499,000
4,193,800
1,379,700
1,248,300
1,694,900
8,4-17,200
4,778,900
2,708,900
1,512,900
3,093,800
19,038,400
1,528.000
3,578,300
7,555,400
355,400
28,550,000
2,616,100
6,905,400
Brazil
Uruguay
Argentine Kepublio
Peru
CUna and Hong Kong
Japan
Sutcb Possessions in India..
EliiUpptne Islands
Gibraltar
•4,624,400
Malta
West Coast of Africa (Brit.).
British North America
British West India Islaiuls <s
Guiana
British FoBsessions in South
Africa
British India—
35,514,1500
Madras
5,717,800
71,685,100
7,200,500
2,938,100
4,880,800
18,030,500
Bengal
Straits Settlements
Ceylon
Australia
0ther countries
Total unbleached or bleached 227.765,100
Total printed,dyed,orcelored 120,545,300
Total mixed materials, cotton
prfedominating
1,244,800
41,680,400
7,736.400
86,157,700
12,835,800
2,070,100
4,667,400
22,218,600
39,240.600
8,601,800
276,591.500
107,117,800
222,815,200
105,725,600
1,649,900
2,685,700
1880.
Lace and patent net
£
Hosiery of all sorts
£
Thread for sewlns
lbs.
Other maufs., not enum'at'd£
12,240.800
1,398,900
4,308,300
16,878,700
1,3.58,705
52,193
5,329,836
71,114
5,219.039
80.461
1,289,550
70.322
4,324.368
Basllali
MarHet Keports— Per Cable.
The
daily closing quotations for securities, &e., at London
and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending May 26
London.
Sat.
Mon.
Tua.
per oz
d.
Consols for money
Consols for account
Fr'ch rentes (in Paris) fr.
U. 8. 58ext'u'd intoS^s
U. S. 4J28 of 1891
U.S. 48 of 1907
5218
1023] g
52ia
1025^8
5218
Sliver,
102%
8400
10338
110
123
Erie, common stock
3658
Illinois Central
13712
Pennsylvania
59=8
Philadelphia & Reading. 29 14
New York Central
129 13
Liverpool.
Sat.
s.
"
d.
"
"
"
white
Com, mix.. West. "
Pork, West. mess. .^? bbl.
Bacon, long clear, new..
Beef, pr. mess, n6w,^tc.
I*rd. prime West. ^ owt.
Spring, No. 2...
Winter, West., n
Cal.
choice,
new
102 14
1023g
83-97 la 83-70
103=8
103=8
116
110
123
1231s
3GI3
133
13812
5934
59%
29I3
2918
130
1301a
10-27i„
Mon.
».
d.
Floxir (ex. State.. 100 lb. 13
Am.
week
January
in
FOHBIOll tMIV)BTg AT NiJW YORK.
For Week.
1879.
Dry goods
1,019,354
1880.
1881.
$1,191,503
7,737.433
$2,121,424
6,733,315
1882-.
aen'lmer'dlge..;
4,424,475
$1,811,760
9,866,939
Total
Since Jan. 1,
Dry goods
Gen'Imer'dise..
$5,443,829
$11,678,699
$8,928,936
$8,855,239
36,655,943
$54,345,973
147,416,500
$43,725,328
122,975,380
56,233,778
141,224,368
85,367,936
Total 20 weeks $122,023,899 $201,762,473 $168,700,708 *] 97.508.146
In our report of the dry goods trade will be
of dry goods for one week later.
The following
found the imports
a statement of the exports (exclusive of
•pecie) from the port of New York to foreign ports for the
week ending May 23, and from January 1 to date
EXPORTS FROM NEW YORK FOR THB WEEK.
is
:
1879.
For the week.
.
Prev. reported..
1880.
$5,372,627
116,694,660
1831.
$8,859,55?
133,800,045
1882.
$7,077,345
140.249,368
$4,942,706
118,357,819
Total 20 weeks .*122,oe7,28' $142,659,603 $147,327,213 $123,300,525
The following table shows the exports and imports of specie
at the port of New York for the week ending May 20, and
since Jan. 1, 1882
EXPORTS AUD IMPORTS OF SPECtE AT NEW YORK.
:
9
13 9
10 2
10 2
9 10
9 10
10 2 10 2
9 1:
9 10
6 51a 6 5
84
51
85
58
60
Tues.
t.
d.
Thura.
Frl.
5218
IO2I4
1026,6
521s
1023,6
83-77%
£•3-55
138
59%
29
130
Wed.
g.
85
54
85
6
55
58
6
85
58
60
60
103=s
116
123%
36is
I3713
5314
281s
120 14
d.
13 9
13 9
10 2
10 2
9 10
9 10
10 3
10 3
9 9
9 9
6 412 6 4
85
6
Wed.
5218
102516
1025,.
103=8
116
1231s
3612
Exporlt.
Thurs.
».
d.
102 14
83-60
103=8
116
12318
36
137%
58
28=8
129:3
Fri.
.s.
a.
13 9
13 9
10 2
10 2
9 10
9 10
10 3
10 3
9 10
9 10
6 41a 6 41a
85
35
85
58
80
85
55
85
58
60
Imports and Exports for the Week.—The imports of last
week, compared with those of the preceding week, show an
increase in dry goods and a decrease in general
merchandise.
The total ithports were $8,855,239, against ?10,075,083 the pre-
cedmg week and $7,792,741 two weeks previous. The exports
for the week ended May 23 amounted to
|4,912,706, against
Imports.
Gold.
Week.
Great Britain
France
Since Jan.l.
Week.
3,700,000 $19,704,798
850,000
1,011.500
61,760
Germany
West Indies
Mexico
South America
5,119
95,500
58,700
14.618
3,056
,,550,000 $20,932,258
$22,793
68,372
13.024
All other countries.
Total 1882.
Total 1881.
Total 1880.
1882.
197,723
The weather ha« been bright and summer-like, and the crops
have been making good progress towards maturity. The wheat
trade, however, though wanting in activity, has not been
entirely devoid of firmness, and firmer prices have been maintained. Our imports and the deliveries of farmers are becoming
less extensive, and some reduction in stocks in granary is
probable. The quantity of wheat and flour estimated to be
afloat to the United Kingdom is 2,687,000 quarters, showing a
considerable diminution compared with a few weeks ago. The
etatistical position is certainly more favorable to holders.
The
supply of Indian corn afloat is 244,600 quarters.
Cheese,
week and $6,144,891 two weeks previous The
following are the imports at New York for the week ending
(for dry goods) May 18 and for the week ending (for general
merchandise) May 19; also totals since the beginning of first
331,226,500
1881.
160,302
71,436
1,187,351
185,142
67,439
Tot. Talue of cotton m.anfs.£
wh.
XXXIV.
$6,227,259 last
57,071, .500
Grand total
349,555,200 385,359,200
Other manufactures of cotton show as follows:
1,
[Vol.
-
Bombay
Wheat, No.
:
THE CBKONICLE.
596
W^Bt Coast
.
169.170
16,0s 3
1,580,191
Since Jan.l.
$104,998
386
232
159,186
83,226
149,463
8,320
$505,313
23,031,982
1,259,108
Silver.
Great Britain
France
$125,000 $4,150,741
399,300
8,800
Germany
West Indies
Mexico
South America
Total 1882.
Total 1881.
Total 1880.
$125,000
167,300
107.151
36;i
200
80,404
6,545
2,941
1,139
$1,559,041
4,485,769
1,988,474
$91,029
68.437
235.193
,
All other countries.
$11,193
77,879
694,077
266.552
61,282
3.324
$1,120,176
1, '239. 734
2.3(17,981
Of the above imports for the week in 1882, ;56,273 were
American gold coin and $25,922 American silver coin. Of the
exports for the same time, $4,550,000 were American gold eoia
and $50,000 American silver coin.
The Mayor opened the bids for the
St. Louis City Bonds.
$205,000 sterling bonds lately authorized, and the following
were the bids as read and announced: Wernse & Dieckman,
$985. flat; Donaldson & Fraley, $1,015 66; Matthews & Whitaker, $1,002 58; Fourth National Bank, $1,004 15; Preston, Keaa
—
&
Co.. Chicago, $1,004 31 9-10.
The award was made and confirmed to Donaldson & Fraley
at $1,015 66. The bonds are dated May 3, 1882, and are for
$1,000, payable in twenty years, bearing 4 per cent interest per
annum, at the National Bank of Commerce in New York, or at
the banking house of J. S. Morgan & Co., London, England.
These are the first 4 per cent bonds ever sold by the city.
—
Tennessee Debt. Mr. Eugene Kelly, President of the Bondholders' Committee, said that the debt settlement bill passed by
the Tennessee Legislature is the same as was agreed to by the
bondholders, viz., funding the debt at 60 per cent, priacipal and
interest, bearing interest at the rate of 3 per cent for twoyears,
4 per cent for two years, 5 per cent for two years ancf 6 per
cent for twenty-four years. Mr. Kelly said that the new bonds
ought to be worth 80 cents, and was confident that within a
few months they would advance even higher.
Washington' & Ohio.— The World dispatch from Washington says the Ifanchises of the Washington & Ohio Railroad
Company have been purchased by the Baltimore Cincinnati &
Western Railway Company, and that ex-Secretary Blaine, and
Senator Davis of West Virginia, hold the bulk of the stock in
the new enterprise, which they intend to apportion out among
a syndicate. The Baltimore Sun says that Mr. Cazenove G.
Lee, acting for a syndicate of capitalists supposed to be connected with the Baltimore Cincinnati & Western Railroad Company, came forward and complied with the terms of sale made
January 31, by making the first payment and the cost of reIn this amount is
sale, the whole amounting to $52,232.
included the sum of $6,500 deposited with Judge Wilford, of
the Richmond Circuit Court, a short time ago. Mr. Les then
executed four notes for the deferred payments, and assigned
the contract of sale to Mr. Best, who made the payment for
him. Among those present interested in the road were Judge
Ditterich, of Pennsylvania; William J. Best, of Boston; Mr.
Dyer, of Boston; Mr. Hayte, of New York; Messrs, Brooks and
Thompson, from the North, and Mr. Williams, of Richmond,
Va. There was nothing stated as to what was to be done with
the road.
.
Mat
;
THE CHRONICLE.
57, 1882.]
'^hc JlJauUcvs' (Saatttt.
DIVIOBNDRI
horn reoenUj besn aunonnMa:
Tliarolloirlaii <llvli1«Q(ta
Jf*«n
irmiu »f Oom p tmy.
PaytM*.
.v
Jiiae
ijuliiov (nuiur.)
ini«<-«llaueaa*.
(
Oul
.t
I.^
May
2fl
16
June
1 M»jr
iuue 15 Ma/ 81
Juua 17
NiirllnTii (N. II.)
Norf.ilk A We»l.Tn pref. (i|U«r.).
St. I'tiul ,t Diiliith prvf. (i|U»r.)..
I>rliii;h
as the Northern Pacific or the Reading loans, might change the
course of nfTairs materially.
The leading drawers of sterling t<>-dny re<hiced their posted
rate for demand bills to 4 90, and for 60-days to 4 87}^.
The rates on actual transactions were about 4 86J.^ for prime
bankers' 60-davs i)ills, and 4 89!^for demand, with cable
transfers on London 4 m%(ii4 90* The actual rate for Continental bills are as follows, the market for these being Inrely
marks,
steady
France 8 17;^@8 U^i and 5 14Ji@6 13?^
»54(395L, and iH^:{or«!i% and guilders, 40!;^ and 40'-,.
follows,
the
outside
Quotations for foreign exchange are as
prices being the posted rates of leading bankers:
;
:
;
KBilroads.
Chic. Burl,
Book* Oto$*d.
(Dayt indmivt.)
597
Nnvlgstlon
Jun«
>
to
to
lu June
10
Hay
—
tMy Day$.
26.
Dtmand.
3H Jun<^ 10 May 30 t<> June 10
NEW VOKK, FUIDAV, M.W '^6, 18»«-» H. M.
The Xoner .Market and FlnancUl Sltnatlon.—The inaction and hesitancy of the .stock market has finally led to some
Prime bankers' iiterllnK lillla on London. 4 9(i>a*4 87<a
Prime commercial
4 SS>s»4 8S
Documentary oommerolal
4 8S 94 83>a
Parla (rraiicn)
5 17>«»»15
40<«* 40^
Amaterdam Ocnllders)
95Ss* 99<^
Prankfort or Hmraen (relohmarks)...
weakness, as might have been expected. But in the eagerness
to watch the fluctuations of the present moment, the general
course of the stock market, and the status of prices as compared with their previous range, are apt to be overlooked. Thus,
the possibility of a decline in stocks is talked of precisely aa it
was when tliey were 20, 80, 40 (Mints higher than they are at
United states Bonds.—There has been little doing in government securities, .ind all parties are waiting for the passage
of the Ijank charter bill, before making up their minds what
flprlim MoiiiiHilii Cu»l
'
action to take.
The closing prices at the
follows:
any further large decline
Inleretl
Period*.
by the fact that the unfavorable ixjssibilities
have already been discounted in many cases, and that stocks
are down for that very reason. For instance, witli Louisville
J.
6e, continued at 3>«.. J.
5», coiitlmied at 3>a.. Q.-Feb.
41*8,1891
reg. O.-Mar.
present, whereas the probability of
is g[rw»tly re<luced
&
Nashville at 73J^, against llOJi as the highest point in 1881,
has not the possibility of a suspension or reduction of dividends been discounted ? With Lake Lake Shore at 101, instead
of 135, has not a reduction, say to 6 per cent per annum, been
discouiitwl
?
Wlien the stock
of a prominent railroad sells
00
4 »9 •4 88>*
4 87>«94 88
»14>i)»9 13>t
40^
40>t9»
93%»
96)8
have been as
May
Uay
Kay
Jfay
May
Uay
2o.
22.
23.
24.
25.
26.
A
1891
1907
1907
4««ii,
4a,
4a,
68,
68,
68,
68,
88.
•
down
New York Board
4 89>494
"101% •1013s •7oi»» •10139 •10is« 1013»
M01»8 101>9 lOl^e •10139 -10139 •tOl'B
•n4>» •114% •11439 •11439 -11439 'IK^
coup. C}.-Mar.;'I15!9 •115'a •115>4 115»a 115i4^115%
'120-'8 120%! 120»H^liO\
120''8 121
re)?. O.-Jau.
coup. y.-Jan. 12078 •120^8 120'8 120% 120% •120%
4
*
4
A
A
•132 •132 •132
•134 •133 •133
•130 •134 •134
•136 •13B
•138
•140 •1.38 'ISS
onr'oT. 18!>9..reir. J.
Tills la till- price bid at Ibe munilUK board no sale was
cnr'cy , 1895.. reg. X.
our'oy, 1896.. re*?. J.
cnr'cy, 18y7..reg. J.
our'oy, 1998..reg. J.
J.
J.
J.
J.
J.
•132
•134
*13e
•133
•140
:
•132
'ISS
'134
•ise
'ViS
made.
•132
•133
•134
'13«»
•138
has evidently reached the level of those
and Railroad Bonds.—State bonds have bean deait
which have no expectation of dividends for some time to in Slate
to only a limited extent, and the Tennessees have attracted
come.
The Denver & Rio Grande, Philadelphia & Read- most attention. The new compromise bill lias been signed
ing and Nashville & Chattanooga stocks are in the fifties, by the Governor, and tlie bonds sold here at 60}| but conand "VV'aba.sh preferred sold toKlay below 50, and it is a fair fidence was so much .shaken before when the funding law was
declared void by the courts that prices are not as strong as
question whether these stocks—or at least the three first
they might otherwise he, and to-day the bonds closed at 57}^.
named are not as low as the condition of their respective
Railroad bonds have been dull at steady prices. There is no
companies warrants. These remarks, however, are intended activity either for investment or si)eculative account, but all
are owned
to be quite general in their bearing, and to refer more to the good bonds hold their prices well, and when they
in small lots by investors they are not subject to depression
position of the whole market than to the prices of the particwith each decline in stocks. The siieculative and " general"
ular stocks mentioned by way of illustration.
Last year, or blanket mortgage Iwnds are weaker.
in the week corresponding to this. Lake Shore sold at
The following were sold this week by Hessia. Adrian H.
135; Louisville
& Nashville, 108 N. Y. Central, 153 Mailer & Son:.
Bond*.
Share*.
Denver <St Rio Grande, 109 Wabash preferred, 96 Read- 40 Mech. 4 Traders'
Fire... 146"* f 1,000 Dub. 4 Sioux City BR.
due
1899
H3'4
I»t7».
Oriental
Bank
152^
40
ing. 60 ; Nashville &
Chattanooga,
at
91
&c., &c.
438a430»3 3,000 Piillniftu PaliiceCiirCo.
30 U. S. Trust Co
Tlie export of gold since last Saturday has amounted to 120 nome las.Co
149Sial50i«
H» (4th serifs), due 1892.115
5,000 CIn. <t 8print;Bcld RR.
7 Continental tint. B.ink ..117ia
?3.500,000, and there is nothing reixjrted for to-morrow's
HO
133
I8t7s. due 1901, Kuar
lOHauovtrNat. Bank
steamers. It is impossible to predict with any certainty what
2,000 la. Falls & 8. City KR.
10 Nassau Nat. Bk., Bklyn..l87i3
the gold exports are likely to be from week to week.
50
1st 7», due 1817 ...US'* &int,
12 U. S W.irehouse Co
The crop {trospects can not be said to have materially changed 200 Cit'7.on«' Gas, of liklyn.. 67M 2,000 Kansas City I>awr. 4
80. 1st mort., due 1909;
on the great staples of grain, com and cotton, ard the cold ."iO Citlr.ens' Insurance Co... LIB'S
int. 5 p. c. to April. 1883,
50 23d Street Railw.iv Co..l45ia
and snow reix>rted early in tlie week were only damaging in 100
6 p. c. thereafter... 101 Tg 4 int.
Cent. Pk. N.4E. Rl». RB.14114
limited areas, and mainly to fruits and garden vegetables.
2,<>0OCity of Brooklyn (Bush."iS Mech.* Trad. Ins.l40i»3145>3
in the fifties,
it
;
—
;
;
;
;
The money market is still easy, and whatever effect the
exports of specie may have on the money lenders is sliown
chiefly in a reluctance to make time loans and a preference for
keeping their money where it will be subject to call at any
time. On call loans with government bond collaterals the
rates have been 2 to 3 per cent and on stock collaterals 3 to 4
Prime commercial paj>er is firmer at 5 to 5},,< per
ix?r cent.
cent.
58 Merch. Exch. Nat. Bk. ..100
931 East'n Electric Mf>,-.Co. .^l^ali.
200 East'n Electric .vifg.Co.50c. "
JtOJlfi*.
C.)l. 4 Hocking Valley
RK. 7s, duo l!!!»7
H9>«
2,000 Cedar Rapids 4 Mo.
River RR. lat 7s. duo
1131*4 Int.
1916, guar
$2,000
wick Avenue)
7a, cou|M>n,
due 1889
120"4&lBt.
3,000 2d Avenue RR. cousol.
107^
cony. 7s, dne 1888
3,000 Broadway & 7th Av.
RR.
Ist 7«.i'.ue'rt4. lOSifl
4 int.
2,000 City of Brooklyn ( Bushwlck Avenue) 78, coupon,
122
duo 1890
—
4
lot.
Miscellaneons Stocks. Tliere has been a
The Bank of England weekly statement on Thursday showed little more activity than last week, but no real animation, and
a gain of £661,000 in specie, and the percentage of reserve the past two days the tone has been rather weak. The situto liabilities was 42 7-16 per cent, against 42V last week the ation, so far as the real value of stocks is concerned, has
discount rate remains at 3 per cent. The weekly statement of hardly changed, and the crop prospects are about the same, as
the Bank of France showed a gain of 6,917,000 francs gold and to the main products which make freight for the railroads.
Railroad and
;
78,000 francs silver.
The New York City Clearing-House Iwinks in their statement
of May 20 showed a decrease of ij!2,0'.iU,725 in their sur])lus
reserves, the total surplus being $6,1.52,225, against 18,172,950
on May
13.
Tlie following table
shows the changes from the previous
the two preceding years:
week and a comparison with
Di (fer'nea flr'm
previous week.
1882.
^^ay 20.
1881.
Hay
21.
It 80.
22.
May
tioana and dia. $316,466,000 Inc. *C78,100 *324,192.800 $272,250,800
Specie
39.72rt.D0O Dec. 3,034.S0O
80..M8.500
Mi.f<3 1.900
Circulation...
IB.720.200 Dec.
77.000
19.135,300
20.301. 000
Net deposlta
299.0(>9.100 nco. 1.331,900 326.611.700 258.32.5.700
Legal tenders.
22.192,600 Inc.
6^1,100
17,873,000
21,609,500
lifigal reserve.
874,707,27.11000. J332.975 $31,652,925 $64,581,425
Beeerve held.
9O.910,r>OOjDec. 2.353.700
98,391,500
78,501,400
eurplug
$6,152.225'Dec.$2.020,725| $16.738,575
How far the labor troubles among the
iron
and coal men
;
;
$13,919,975
—
Forciffii Exchange.
The rates were firm enough early in
the week to .idinit of the exjwrt of about !i!2,.500,(WO in sjiecie,
but no further shipments %vill be made to-morrow.
The
future of the market must depend to some extent on the sale
of bonds abroad, and a few negotiations of large amounts, such
maj
be injurious we cannot yet tell, but in nine cases out of ten it
hapjiens that labor "troubles are adjusted before any
By the 20tn
serious damage to railroad business occurs.
of June the condition of the winter wheat crop of the
country will be settled with toVerable certainty (new
wheat from Texas has already come to market), and then
one important element of uncertainty will be done away
with.
In the meantime the railroads of the Northwest are
earning very heavily, and it is generally conceded that their
prospects have seldom been better and the land sales of land
The trunk lines are
grant roaiis are large beyond prece<ient.
depressed by the Penn.sylvania Railroad's monthly reports of
earnings, which show a large increase in expenses, and it is
believed that ordinary operating expenses cannot sliow such on
increase, but that extraordinarj- expenditures properlv belonging to capital account must be included the Grand Trunk
of Canada, wliich rejKirts monthly earnings, shows no correspondinglv heavy loss of net earnings.
To-day Wabash was weak in the morning, and 100 sliares
sold at 49J^, having a bad eflfect on the whole market; aiid
with some variations the tone was rather weak and feverish
throughout.
———
.. .
.
THE CHRONICLE.
698
RANGE IN PRICES AT THE
fVoL.
STOCK EXCHANGE FOR THE WEEK, AND SINCE JAN.
N. Y.
DAILY HIOHE8T AND LOWEST PRICES.
STOCKS.
Monday,
Batorday,
RAII.KOADS.
Albany
SoDtan
N. Y. Alr-Une.......
Burlington Cedar Rap.
4
64 13
63
J"!,**--
•73
No..
*130
134
•130
Suflnoelianna
<fe
<t
Do
80
Wednesday, Thursday,
Tuesday,
May 23.
May 2!2.
May ao.
130
.135
134
Central Iowa..
Central or New Jersey
Central I'acilic
25.
May
™'¥d.
135
.136
6OI4
6OI4
Sales of
the Week,
Shares.
—
Chicago 8t. L. ifc New Orleans.
Chicago 8L Paul Minn. & Om.
Cbiolnnati Sandusky
A Clev.
72
71% 721a
90
901a
21% 21%
73 's
48=4
781a
491a
.
Cleveland Col. Oiu. & Inrt
CleTelanil & Pittsburg guar,
70%
89%
71=4
9018
70
36=4 37%
.37% 38%
36% 37% 36% 37
100% 100%
100% 101
100% 100% 100 100
51
63
63% 63% 63
53
....
73
73% 73
73
73% 74% 73
136% 137 •133 137 '135 ....
136%...
Columbia & oreeuville.pref.
914 10
9
9%
12
11
11
8% 9%
9% 10%
Columbus Chic. & Inil. Central •11
I2II4
120% 121% 120% 121
119% 120% 118%119% 118% 110%
Delaware Lackawanna & West 120=8
eiis «1°8
Bl% 61% 60% 61% 58% 60% o7% 68»i 58% 69%
Denver & lUo Grande
•84
•84
•84
85
85
84
84
86
86
831a 831a •84
Dubuque & isiunx City
—
& Oa
ICast TennesHee Va.
Do
Green Bay Win.
Hannibal
<& Bt.
pref.
A
St.
pref
&
Indiana Blooin'n
<fc
West.,
Keokuk & Dcb Moines
Do
new
.
•90
80
79
135131361a
42
42
9
•90
91
83
72% 72%
138
42
42%
Metropolitan Ulevated...
Micliigan Central
Hh.A West., pref
Milwaukee
Minneapolis <& St. Louis
U
Do
new York Chic. & Bt. Louis...
Do
pref.
Elevated
Mew York Lake Erie A West.
Do
f*'Mew York New Haven* Bart.
Mew York Ontario Western
<ft
MorfoUi<& Western
pref
Do
MerUiem Paoifio
pref
Do
Ohio Central
Mississippi
pref
Do
Do
91
9% 10%
30%
18% 19
10
•90
•90
91
29%
29
101% 102
101% 101%
64% 64%
73
73%
•86% 87% •86
85
85%
84% 85%
88
8
84=4
86%
29% 29%
91% 92%
24% 24%
28% 29%
90% 92%
22% 22%
86% 87
73% 74%
68
63
87
86% 87%
48% 48%
85% 85%
85% 86%
86
86
86
86%
48% 48%
26
63
30% 30%
92% 92%
30% 30%
92% 93
Do
pref.
29% 30%
92% 92%
23
23
121 124
123% 125
•60
61
59% 60
69
60
60
60
60
126% 127% 127% 127% 127% 127% 120% 127% 125% 126% 125% 126%
11
11
11% 12% 11% 11% 11% 11% 11
11% 10% 11
8U% 29
30
31% 30% 30% 30% 30% 30
31% 31% 31
•100
103
103
'100
•100
105
36% 36
35% 36
36% 36
35% 35%
73% 73%
73
73%
178 180 •178 180 •178 180
180 180
24% 25% 26% 26% 26
26% 24% 25
62
62% 62% 63
61% 62
52% 52=4
41
41% 41% 42% 41% 42% 41% 42
79
79% 79% 80% 79% 80% 79% 80%
14% 14% 14% 14% 14% 141.
14
14
33
33
33
33
31% 32%
100
72% 73
28% 28%
54% 66%
73
73
29
29
55% 67
134 135% 134
32
34% 35%
72% 72%
179 180
24% 24% 24%
62%
41% 41
41%
79% 79% 79%
14
12% 13
31% 32% 32%
24%
62%
40%
78%
18
31%
100
73% 73%
72
28% 28%
64% 55%
28% 28%
66
66%
'134% 138
135
16
28
28
•26
•62
27
65
23% 25
86
86
86% 88%
32
32
83% 83%
28% 28%
•26
•62
28
66
•25
•62
28
66
60
60
62%
31
32% 32% 31
84% 84% 83% 83%
129 129% 128% 129
39% 39% 38% 39% 38% 38%
85
131% 129% 130
62=4
Vork * Texas Land
Oregon Railway * Nav. Co
Paofiio Mall
Pullman PiUace Car
fiutro Tunnel
'West.Unioii Tel.. «x-certific's..
EXPRESh.
Fargo* Co
COAIi AM) ItllNINa.
Wells,
Consolidation Coal
Hsmestako Mining
Little Pittsburg Mining
Manposa Land * Mining
Marylaud Coal
Ontario Silver Mining
Pennsylvania Coal
Quicksilver Mining
83% 84%
Mmlng
Standard Consol.
96
Oameron Coal
138
97
72% 73
•127
129
•27%
•13
VZ'J
129
86% 38%
11% 11%
111% 112% 111% 112%
28% 28% 27% 28%
51% 62%
49% 52%
47
84% 84%
133
•96
•72
139
97
74
129% 129%
•28
16
%
%
•13
30
16
83% 84%
135
136
83
%
83';
81% 82%
•134
74
129
137
97
•72
130
137
•72
•127
74
130
•72
28
30
•28
30
97% 97%
•13
97%
138
96
74
130
98
126
81% 82
140
96
140
97
•72% 74
126% 129
9
•8
•49% 61
8
16% 16%
8%
17% 17%
9
9
49% 49%
17% 17%
60
Jan. 27
il
99,990
104% Jan.
Central Arizona Mining
700
650
6.453
18,294
200
12,615
7,000
27,700
400
Coal
Bobinsou Mining
UverCliff Mining
Feb.
1
Jan. 19
34% Mar.
10%
il
Feb. 15
109% Apr. 18
% May
40%
26
Apr. 20
31
80
Feb.
27
Jan.
Mar.
2,810 102% Mar.
481
37 Mar.
417 12s Jan.
4',426
38
Apr.
12,260
87
327 120
6.900
114,310
17% 17%
33% 33%
13% 13% •13%
1%
16
1'',
•13% 15
1%
1%
•13%.
These are th« prices hid and asked—no sale wa« made at tbe Board.
May
%May
76'»Mar.
Mar.
2
Jan.
13
33
May
Jan.
Jan.
42%
89 ig
May
May
51% Jan.
17% Jan.
119% Jan.
38% Jan.
71% Jan.
80
85
20 70
13
14
7
88% 113%
41% 73%
38
IS
18 105% 131%
14 33% 60
14 641, 96 1<
Feb. 14
Feb. 20
74%
73%
31
63
67
63% M.^r. 30 35
109 a Feb. 20 89% 116%
49
49% Jan. 10 30
145
45%
145
1
93%
180
Apr. 5 134
Fob. 3 39
Jan. 18 120
Jan. 8
Mar. 28 77
8% May
36% Jan.
19% Feb.
2% Mar.
2% J?.n.
26 Jan.
38 May
62%
151
419
92
37
440
100
100
Lowest price
19% Apr.
Jau.
1% Jan.
8% Feb.
2% Apr.
20
4
2%
1 V.
Jau.
Jan.
Jan.
Feb.
29%
b%
9
17% 30
32% 38%
12
53
% Mar.
Jan.
% Jan.
13% May
2 May
%
%
240
27% Mar.
Mar.
1%
Jau.
6214 Jan.
163
98
79
143
43
30
14
14% Jau.
245
4914 May
14 Jan.
l%Feb.
Ex-priTtlege.
32% May 24 26
86
300
100
250
a
t
133% 132%
lOli-j 129%
Mar. 28 116% 140
Feb. 2 117
136
35 134 May 19 149% Jan. 10 120
338 90 Feb. 18 97% Feb. 2.-> 62%
150 72% Mar. 8 80=4 Jan. 26 61%
60 125 Feb. 24 130% Jau. 6 112
oriimiit Mtnintr
•
26
68
6
Mining
New Central
118% Mar. 30
108% Jan. 2U 125
28
8%
90
90
9,865 124 Jan. 4 136
3,170 186 Apr. 10 145 Feb. 2 131 ( 147%
1,195 126%Apr. 18 135 Jan. 13 129
148%
68 Mar. H H4
Feb, 1 40
88
20,000 29% Feb. 23 40% May 8 33% 61
4,259 97% Feb. 24 106% Mar. 22 91
1094
1,100 44 Mar. 9 57%J.an. 14 41% 68%
1,018 68 Apr. 18 84 Jan. 14 81
101%
760 133 Jan. 7 138% Apr. 8 127% 142
70 Mar. IB 104 Feb. 2 82
95%
3,680
May
25
8%
21% Jan. 7 18=, 32%
76,310 116% Apr. 24 128% Feb. 3 107
131
87,850 52% Mar. 14 74% Jan. 20 60 11314
200 82 Apr. 15 85 Apr. 28 76% 88
4,385
9% May 26 18 Jan. 14 13 21
1,100 16% Mar. 8 20% Jan. 18 23
33
200
8 Veb. 15 16 Jan. 18
90 Mar. 1 110 Feb. 8 44% 350
2,650 76 M.^r. 2 111% Jan. 9 94
121
400 61 Mar. 11 86 Jan. 14 83 108
1,000 127% Jan. 4 137% Mar. 30 124
146%
1,100 36 Mar. 8 48%J.an. 14 381.J 67%
13% Feb. 28 19 Mar. 23 14
30%
20 Mar. 21 49 Jau. IS) 41
68
720 27 Apr. 22 87% Jan. 14 32
66%
81,105 98% May 1 120% Mar. 30 112% 136%
2,045 4B%Feb. 21 56 Mar. 28 44
63
15 May 20 24 Mar. 30 16% 33
50.830 65 Mar. 8 100% Jan. 3 79 110%
100 67% Apr. 21 75 Jan. 9 50 117%
2,600 43 Apr. 21 00% Feb. 11 15 % 59%
60 89% May 25 98% Jan. 28
950 26 Jan. 28 37 Mar. 30 18
69%
8 May 1 15% Jan. 18
24
9
4 Apr. 11
16
OH, Jan. 3
6
46 Mar. 9 82% Jan. 18 41
93
1,400 84 Jan. 4 92 Feb.
77% 128
17,211 77 Apr. 18 90 Jan. 10 84% 126%
1,200 41% Mar. 11 62% May 6 42
64%
200 19 Mar.
25% May 11 23
30%
100 59 Feb. 25 64 May 8 62% 70%
23,024 26% Mar. 11 3<J%J.au. 14 34', 64
25,100 86% Apr. 21 104% Jan. 28 85
114%
500 22 Feb. 24 33% Jan. 21 1814 39%
lO.'i 110% Mar. 13 125
May 4 118 131
2,200 54 Mar. 8 87%Jan. 14 63
102
48,545 123% May 1 135% Jan. 14 130% 155
4,570 10% May 25 16 Apr. 27
4,800 29 May 26 35 Apr. 27
100 May 15 109% Jan. 27 98 130%
32,960 34 Mar. 8 43% Jan. 14 39% 62%
1,150 67
Mar. 8 83 Jan. 14 80% 98%
26 168 Feb. 17 180 May 6 184% 190
4,919 21% Mar. 9 29% Mar. 28 25% 43%
20 Jan. 6 24 Feb. 27 23% 26%
1,600 44% Mar. 8 68% Jan. 11 63
70
86,601
28% Mar. 9 42% May 22 82% 61
71,339 68% Feb. 28 80% Apr. 6 64% 88%
2,293 12% May 26 25%Jan. 14 21
37%
2,800 27 Feb. 23 39% -Mar. 28 35
60
100 90% Mar. 9 110% Mar. 28 97=, 126
14 May 11 28% Jan. 18 18
37%
3,660 60 Jan. 30 76% Apr. 3 64
83
190 Jan. 31 204 May 9 190 200
1,000 25% Mar. 8 37% Jau. 14 27% 67%
74,620 61 la Mar. 11 67 % Jan. 7 50
74%
749 183% Feb. 24 138 May 13 127 142
422 10 May 25 40 Jan. 5 35
80
1,898 99 May 18 250 Feb. 7 99% 171
13,560 t47 May 15 263 Feb. 15 122
H'*
200 24% Jan. 11 38% Mar. 22 22
50
60%
20 Jan.
26 Mar. 17 22
77%
20% Mar. 8 43% Jan. 16 39
65 Apr. 20 92 Jan. 16 85 143%
100 34% Mar.
56
46% Jau. 25 39
600 43 Mar.
88 'a Jan. 20
81%
55
'
100 79% Feb. 24 108% Jan
90 lieig
Deadwood Mining
Slxcelsior
4
71%
40%
37% Jan. 4 31
46
97% Feb. 20 82'... 112
94% Jan. 14 80% 102%
26 Jan. 7 20% 33%
37% Jan. 14 32% 48%
26% Jan. 14 23
36%
135% Fob. 8 127 156
402 118% Apr. 14 120
240
8%
2
700
612
100 21 Mar. U
350 127% Mar. 11
3,707 127% Mar. 13 138
29% Mar. 17
65 % Apr. 24
86 Feb. -ZS
19% Mar. 1"
27% Apr.
67,235
13,880
135
30
25
45
69
50
16
4
56%Jan. 16
15% Jau.
1% Mar.
•8% 10
•48
18
Mar. 25
16
8%
Low. Hlgb
Mar. 21 120
6 135
Feb. 23
Feb. 18
1882.
For Full
1882. Year
1881.
23
•27%
•27%
1,
Highest.
Jan.
44
15
35% 35%
•8
pref
28% 29%
52% 62%
60
60
47
•134
...
United States
29% 30
62% 53%
103% 106
60% 60% 60% 50% 60
60% 49% 60
49
49% 48% 48%
108 108% 104% 104% 104% 104% 104 104% 103% 103% 103% 104
37
38% 38% 38
38
37% 37"
37% 37% 37
138 138
43% 44
42
43% 41% 42% 41% 42
41% 41% 41% 41=4
121% 121% 122 122
120 120%
121% 121% 121 121
120 120
Hew
American
63%
113% 112% 113
113% 113
30%
63% 63%
72
124% 135
17
17
16% 16% 16
105% 107% 107% 108
62% 63
62
52% 62
86
40%
101
101
105
34% 36%
72%
72
.
Colorado Coal * Iron
Delawar*) * Hudson Canal
31%
25
.
niHCGM.AT«EUUB.
55 '(
91
55
•90
31
63
30% 30%
92% 93%
85
American District Telegi*aph
Canton Company
16
73% 74%
63% 66
89% 89%
30
32%
100
pref
Do
91
83% 83% 82% 82% 79% 79=
72
72
134% 134% 131% 134%
136% 136 136
40
41
40% 40%
41% 41%
68
63
32
86
fit. Paul Minneap. * Manitoba 124% 129
128
Texas * Pacltie
39% 40
39%
Toledo Detplios * Burlington
13
13
Vnion Paolllc
113% 113% 113%
Wabasli St. Louis * Pacitlc
30% 30% 30
Adams
18%
18
82% 83%
Istpref.
* Dnloth
Do
•90
9%
73% 74%
•.-)2% 63%
•52% 53%
•90
•90
•90
01
01
91
"32% "32% 32% 32%
33% 33% •33 ....
74%
7414
Ohio Southern
Oregon •& 'l*i'ans-Continental..
73
73% 73% 73%
Fuiiania, Trust Co. certltioatea
Peoria Decatur* Evausviile
29% 29%
Pluladelphia * Hea<Ung
67% 67% 67% 68%
Pittsburg Ft. Wayne*. Ohio... 134% 134% 136 136
Blch.* Aliegh.,si'ck trnstotts.
17
17
:&ichiuuiui iSL DauviJle
103 105
105% 106
Bioiunotid & West Point,
60
61% 61% 62%
Buchestor * Pittsburg .
Bome Watertown * Ogdensh.
•26
•26
fit. LouisAltun * Terre Haute
28
28
pref. •82
Do
•62
66
Bt. Louis * San Francisco
38% 38%
pref . ..
Do
60
60
60
60
Paul
9%
64
pre!..
Miseonri Kansas 4 Texas
Missouri Pacillc
Mobile & Ohio
Morris A Essex
Washviiie Chattanooga <&8t.L.
Mew Vork Central A Hudson .
fit.
10% 10%
19% 19%
9
91
16
2d pret.
Do
Memphis A Charmston...
KcwYork
10% 10%
•19% 20%
54
74%
•62% 53%
Istpref
DC
Ifanhatlan Beach Co
Marietta & Cinoinnati.lBtpret.
'
91
73»4
JCaiLhattait
>
20
30
30% 29% 29%
102% 102% 102% 103
102% 102=4 102% 103
64
64
64% 64% 64%
63
Donii<iana<& Missouri River...
Douisville ifc Nasiivilie
Louisville New Albany & Chic
,
10»4
20
pre!
take Erie <t Western
lAke Shore
Dong Island
:
10'4
19'4
Teias Central
Illinois Central
01uo4
11
19!>4
•90
•79
Joseph
Do
Eonston
11
Paul...
1,
32% Jan. 18 32% Jan.
60 Jan. 6 70% Feb.
72% Apr. 15 85% Feb.
48% 49%
r
•74
76
37=8 38 14
38% 38%
101 101 14 101% 101%
63
53
63 >a 63 'b
74
74%
pret
Do
72
Lowest.
130
70% 70% 70%
88% 89% 89
90>3 9934
89%
•91
•20
•20
«21
22
21
22
22
20% 21
Chesapeake & Ohio
"30
^28% 30% 29% 29%
29
29
31
SO
31
30
Istprel-..
DO
•23
•23
•21% 22% 23% 23% •21
23%
25
25
25
2a prel
Do
13214 18234 132%
133
130% 132%' 13114131% 131 131
Chicago* Alton
132l>8 132 's i32ii 1321a 182%132%tl3a
132% 129% 130
Chicago Burlington & auincy 132iil32'a
Chicago Milwaukee <t St. Paul llQia 111^4 nils 111=8 llOiallli* 110% n0%| 110 110% 110% 110%
119 121)
120 120
pret
Do
129% 129% 129 129% 129% 129%
130 130% 13018 130»8 129% 130
Chicago <fc Northwestern
142% 143
143
143 143
pref.. 1421a 1421-i 142i4l42>a 143
Do
•128 129
12938 129% 130 130
Chicago Hock Is). 4 Pacitlc... I21JI4 129
71'4
00=8
20'2
•29
•22
132»4
Range Since Jan.
700
78ia^
79
Si's 511a
Canada Bouthem
Cedar Falls <& Minnesota
May
May 24.
641a 64ia
75
XXXIV.
254
21%
76%
17% 27
46%
25
%
7
14
7
2%
1%
4
1
4
18
2
36%
13%
7
is ex-diTldand.
Li.
1
.
11.
.
.
.
..
..
IHB CHKONICLK
JdAT 87, 1889.]
699
QUOTATIONS OP STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES.
8TATK BONDS.
BXCDBITIKS.
BECURITII
Atk
Bid.
BM.
',
BXCTRITIBB,
A*k.
Bid.
8KCURITIEM.
Atk.
to6, looa. ..
luA.mnaU...
ClMsIl, Oh, 1006
OlM* A.
SON
8IH1
CImmC.
4b, 11106
ii. 10-20S, lUOO
e^tttudcil. IBOOIOOO
7», I.. Hofk A Kt. H. IM.
7», M>Miiii..t l,.lUM'.k nil
ll.V. ll.t N.O.
7»,
7b,M1hi.. O.A It. U. UK.
7», ArkaiiHax rrot. UK.
ConiieoUiMa iJ.H, 18H3-4..
..
U
KK
Onorirl*— ««. 1.S8U
7». ni'w, IHHO
1886
7k. uu<Iim>»mI,
7ii,golit.
104
8S
M,i1u«1R83orl88S.
109^
30
IHHe
1HH7
On.ilmi IHna
110s
IIIU
j'i
«».
JO
20
1914
10
e8>ti
6a>!>
7t.UBaLU
GO
* Paa-lat. 6«, 1010
Bait. A O.- at.Ua, l>rk
.
A
7'.
Small
6».
ilr.
—
113
Do
Do
120
C.l!»p.la.F.&N.— lei.ila lot
Central lowo-Ut, 7a, '99 113
Ohar. Col. A Aug.- lal, 7b
Cbe«.A Ohio— Pur. mTfd.
6a,gold, aeiieaA.lWiS.
80
6a, gnld. B«rt«H U, 19U8.
.
40
onmsucy, 1918
MortgaKOlla, lull
A
Alton— 1st, 7» 134 Hi
'101
7h. 1883
BiukiuK riind. On, 1903
Ohio.— iBt, 8«.
JoUet
Mo. HIv.— lat, 78 113
La.
lOH
2d,7». IflOO
8t L. Jack. CTilc— lat 114
let, (fuar. (604).7s, '94
Income
.
A
Qal.Har.
•Jd,
•
guiir. (188), 7a,'08
-•2d,
"
lat,B.f
68
Mlas.U.Br'KO—
s.I(
O.B.A Q.— 8 p. c, lat, '83. 10-1'4
120 129 Hi
Conaol. 7b, 1903
M.—
Central of N. J.-l8t,^!K).
lat conflM., n8wntttl,'99
Oonv., aBHcnt"-(I, lOO."
AdJnBtmoiil, 7t<. 1903
78,
A h. Ant— lat,G8
1905
Or'n Bay W.A
2d(;lt)U).78.18W
68, rtnklug (nnd. 1901..
la. Div.-S. F., 08.1919.
8. F. 48,1919
P.— Ba, ep., 1917
C. R. I.
6a, rog.. 1917
Kco.
la, g.,69
D08
113
Fl'UtP.Marq.-M.68,19J0
A
88
8. P.— lat.iin
103 Hi
106
80
85
2<1,C8,1901
N. Y. <>ntral-6a, 1883..
6s. 1887
68, Teal oatate, 1883 ....
6a, aiibscrlpUon, 1883..
N.y.C.
A H.-I»t, coup.
lOmi
112
100
100
'110
Cao'daBo.— lBt,lnt.guar
95
Harlom- Ist,
l900
N.Y. Elev'd— I8t,7a, 1900 117 Hi
lat. 7a, rog.,
N. Y. Pa.AO.-Pr.l'n,0s .'95
N.Y.C'.AN.-aon.,6a,li)10
N.y.A New Kng.— lat, 7b
1905
N.Y.C.A8t.l..-lBt,68,1921
60 ii
114
102
Reglatered 6b, 1921 ...
N.O. I'ac— lflt.89,g.lfl20
lat, Ter'l trunt,«-i, 1910
inc., Bm, 10'27
Va.Mld.-M.
Wab.8t.I..A P.— Oon'l, 6<
Chlo. D1V.-5-, 1910....
Hav. D1V.-6S, 1910....
Tol.P.AW.-l»t,7»,1917
132'
Iowa
65
AW—01., (>8,1931
Ohio A Miss. Oitnaol. a
Norf.
—
Tol.A
ion.
.
.
118 Hi
Q.
A
Ooncral, Bs, 1921
N., 8a,
1916
07 Hi 100
H0I18.E.A W.Tex.— lat,78
111. Cent -Sp.Dlv.—Cp.Oa
,
Ban Joaquin Branch.
Oal A Oregon— 1st, (Js
State Aid bds, 78, '81
Land grant bonds, Bs.
West. Pac.— Bonds, Ba
AW.
110
AO
.
.
INCOMK BONDS.
iJnUrfH payiihu if earned.)
IO518
Ala. Cent.— Inc. Os, 1918.
118>4 118H> Atl. A Pa<:.— Inc., 1910 ..
"8
113
ll3Hi Central of N. J.— 1908 ...
121', 122
Chlc.St.I..AN.O..-2d,19()7
122 Hi Col. C. A I.
Inc. 7s. '90
Cent. la.—Coup. deb. ctfa
112HiH4 Ch.St.P.A M.— L.g.inc. 6a
113=41114
Chic. A E. III.— Inc.. 1907
109 Hi D08M.AFt.I).-l8t,lnc..68
102
102 Hi Dot. Mack. A Marq.— Inc.
100 ....
E.T.V.AOa.-lnc..68,1931
95
El. C.A No. -2d Inc.. 1970
96
O. Bay W.A .St. P.— 2d, Inc.
103 103=4 Ind.Bl.AWcat. -Inc., 1919
106
Ind'8 Doc.A Spr'd.-2dlnc.
106
Tmat Co. certlfleates
100 Hi Int. A Ot. North.— 2d Inc.
108 Hi 108',
2d aasented, 69. 1909...
107 'f
Lob. A Wilkesb. Coal— '88
lat, aterllog
101l>4
Motron'Ufn EI.— lat, 1908 101
2d.68, 1899
90
Del.l..AW.-78,cnnv. '92
MIcIi.Oont —Con.,7s,in02 123Hll'24
101"
Mortgage 7», 1907
lat, 88, 188J, Bliik'g td
Syr.Blng.AN.Y. -l8t,78 121 Hi 133H
Kqnlum't bda., 8a, 1833
Morris A Kasei- l8^7s 130 137H1,
Oa.
11)1)9
^
117
99=4
2d,7», 1891
Coupon, 58, 1931
110
•99 Hi
Bonds. 78, 1900
Reglatered. Oa, 1931
123
106
78 011871,1901
Jaak.Ijkn.ASair.-68,'91
lat, conaol., guar., 7a. 134^4
Mil. t No.-lat,4^-0a,19l
92
101
DeL A H.-lal, ft, 1884. 106
MII.UB.AW.-lat.6s,1931
118
7a,1891
Mlnn.ASt.L.— lat,7a,1927 118 llOHi
l«t ,cit, ,7a. 1891
low.i Kxt.-l8t,7a,1909 114
116
-llOi^ 117
100
C0UP..78, 1891
2d. 78, 1801
Reg..78.1894
8'thw.Exi.-la-.78,1910 113
lat. Pa. blv„cn.,78,1917 -123 Hi
Pac. Ext
iBt, 6», 1921 100'4
Reg., 78, 1917
Ma K. AT.—<len. con., Oa 80 81^
Alb.ABuaq.— l8t, 78... •114
Oona., 78, 19016-6
165 =8 106
105
2d,78,1885
2d, income, 1011
60
61
lat,coua.,guar.78,1906
124
H. A Cent. Ma— iBt. '90 100
Bena. A Bar.— lat, coup'*
140
Mobllo A Ohio— New. 68. ilo
1st, reg., 1921....
1137 140
C»llat. Trust, Oa, 189 !.
D«nv.*Ili<> Or. -iMi.inivil 113
M'.'-"»"' I... .^ 1' —lat r-,
I
No sues Fildw—Ui«s« ait latest aaotatloiw made Uila w««k.
Rnch.A
Lake
116H»'
84
Rich. A Al.-lat, 7^ 19.^0
Rich. A Danv.—Conag.,68
Debenlaro
AtI.A
Ba. 1927
Ch.— lat, p ,7s, '97
62 Hi
80
98
N.Y.ljike
10t>al01>«
10«Hill07
...]..
100
12ivi21Hi
;::•;:
m"
mK
25
90
49 >i
60
45,>i
45
49
ia
80
83
•40
46
•77=4
78
78 Hi
50
7p
E.AW.— Inc.6«
62
_
•42=4
29
2S,H
2d, 6a,lnt. aec'mulatlvo
"si"
StV r.ABy.->!«r. B.,ino.'94
...-».
Plain incomes B", 1896.
Bterllug Mt Rv.— Ino.,'95
St
115
A.A T.
11. -Dlv.
bds
T8LDol.AB...lnc„6a,19I0
Dayt-m Div.—6a, 1910..
116
121
110
108
101
L.
Tex.AStL."L.g
(Bro'.«r« Uuototloiu.)
Va. State— Now 10-408
Car.
cent— l8t,
Cent Ua
6.-,
.
19'20.
ConaoL 7s
C—
U
BtP.MInn.AMan.— lat.7a lll>a
mi
Bx Jime oonp«&
:::;;
33
43
44
100
110
100
,inc.l9'20
Stock
87 Hi
100 100 Ht ChlC.BtI.,.AN.O.-5a.l951
lat, 6 72
Cin. I nd.St L. A
71
}??
108
'si"
•55-
Miscellanoons List.
95
88
166
Mt.— lat, 7a
30
45"
1'20
i03i>8
34*
"46h 48
05
1st, 78, prof.. Int. accnm.
113>8
39
67 Hi
73'.
Iloch.A Pitta.— Inc., 1921
So. Car. RT.-Inc.,69,1931
St. I-oul9 1. Mt. A So.—
138 Hi
131
124 >9 126
26,78,1897
Arkana:i8 Br.— lat.
110 Hi
Cairo A Fulton— lat
Cairo Ark. A T.— lat
Oou. r"yAI. gr.,68, 19 U
80
Alton A T. H.— lat. 116
St.
8d,praf., 78.1894
106 Hi
2d, Income, 78, 1894....
BelleTllle A 8. lU.-lat
•M B« 1000
deben.
62=4 N.Y. P. AO.— 1 at lnc.ac.5-7
80 >8 Ohio Cent.— Income, 1920
Mln'l Dlv.— Inc.78, 1921
Ohio So.— 2d Inc., 6», 1921
97
Ogdens.A I,.C.— Ino..l9'20
Peoria D.AEv.-lnc..l930
Evansv. Dlv.— Inc,I920
Oal.II.A Ilcn.-78,g.,1902
Oeorgia Railroad— 7s
6a
,
Iron
A W.-Inc. 78. '99
2d pref debentures
3d proL debontui*e9
4th prof, debentures
107
95
A
98 Hi
98
.
Income.lOOO
Soloto Val.— lit, cons 7a
8t. L.
E.
98 14
SaniCkvIMv.— Inc..l9'20
87
Laf.Bl.AMnn.-Inc.78.'99
86
Mil. L. 8. A W.— Incomes
Mob.AO.— latprf.
.
Pltt.-l8t.68 1921
'mi
iiid'
.
Pitts.
Trust Co. certlfleates
101
OS
100
V
2d, 7a, 1898
2d, guar., 7a, 1898...
B A B.-l8t.Ba,191
Rome W.A Og.—Con.. 1st
iiii'^i
C—
U—
W—
i?S'
166'
115ifl
.
.
01<s
Han.ANaplos- 1st, 78
N.W. Telograph-7a.l90l
Spring Val. W.W.— let,6.'»
Oregon RR. A N.— 1st, 6s
105 Hi
103=4
105 '4
-
90
1890.
.
.
IO4I4
A T.— lat, 7a.
Ill.ASo.I.— l8t, 78, '82
67
80 <s
83
04
110
82 Hi
93
o'nd.9. 79.
,
2d, Wn<,o
103
80
1883 ...J.
Con.sol., couv., 78.1907
Ot. Weat.-l8t,78, '88 iod"
2d, 78, 1893
Equip,
IO8H1
Ist Mln'l Dlv.Os, 1921.
8t.l..K.C.AN.-R.e.7a
107
85 "a 86
Ohio So 1 9t, Os, 192 1
Om. Dlv.— l9t, 78. ..
102', Oreg'uACal.-l8t,es,19-'l
Clar'daBr.— 08,1919
Panama-S.f. sub.es.l910
H0U8.AT.C.— lat, l.gr.,7s. 112>8
St. Cha.9.Br— lat, 6a
108 Hi 112
107
Poorla Doe. A Ev.— 1st Os 105
lat. West. Dlv., 7a
No. Missouri— lat. 78
112
1115
101
EvanaDiv., l8t,68,l9'20
Hi Wo?t. ITn. Tel.— 1900, Op.
lat, WacoA N.,78
Pao. RHs.— C.Pa<',— a.,G8 iV'7'Hi 118Hi>
2d consol., main line, 8a 118
1900. rog
128
101 Hi
117
Ool AGrcpn.-l8t,B8,l910
2d,08, 1926
W.— l8t,ext.,7s
2d,exf.,7a, 1893
.
—
02 Hi
80
7». 1909..
1st, St. L. Dlv.. 7s, '89
87=8
117
Consolidated 7a. 1898
131 "i
2d o/)nB<ili(iated 78, 191
Ist, Springfield Dlv.. 7» iVe'Hi 117
93
96 Hi
OhloCintral-l»t,6s,19.>0
•90
1st, Ter-lTr., B8, 19'.>0..
Olllf.Col.A8. F&-7b,1900
Han.ABt.Jo8.—88, couv.
Consol. 68, 1911
127', 129
Clvlo..«i;.Ill.-l8t.».f.,cur.
Di v.—6.9. 1021..-.
Wabash— M.
102
f.
OS's
87H
107
02
88
Ind'poUs Dlv.-Ba, 1921
Detroit Dlv.-«8. 1921.
Cairo Dlv. -68. 1931 ..
186 -4 87
87
106 Is
106
Tox.Cen.— l8t,8.f.,7».1909 100
Tol. Del. A Bur.- Main. 6«
Ist, Dayt. Dlv, Bi, 1910
Nevada Cont»— 1st, 63
N.Pae.— O.l.gr.,l8t,cp.,0a
.
Dnl.-l8l, 6»,1931
8t.P.
80. Car. Rv.— lat, 68,1920
2d, 68, 1931
05
7s, coup..
—
•
reglatond
A
103
134 >3
134
lBt,reg.. 1903
llOHl 111
Middle DlT.— Keg. Ss.
too
Bo. Pac. ot Cal.— lat, Ba
Dub. A Sioux City, l8t
107
Union Pacific- lat, Bs.
Dub. A S.V., 2il Ulv., 78
10434
Land gnvnts. 78. '87-9
lien.AW.H.-Con.g'd.as
Cod. F. A Minn.- l8t,78 112
Sinking funds, 8s, '93
Am.D'kA Iin.-5s,1921 94 ij 96 Ind. Bl. A W.-lst prf.,78 117%
90
iBt, 3-4-5 (is. 1009
Registered 89. 1893
C.M.A 8t.l'.-l8t,8a, P.D. 184
75
133
Collateral trust. Ba.
2d. 3-4-509. 1909
2d, 7 3-10, P. O.. 1898.- 121
Kans. Pac.— 1 at, 6a, '95
lat, 78, $ (t., K- F).. 1902 '120
Indlanap. D. ABpr.- 1 8t,7B id2>4
120 122
lat, 6s, 1896
lat, Lac. DIv., 1893
2d, 58, 1911
'120
105 Hi
Int.A OtNo.— l8t,6B,gold
Don.Div.,6s,a8'd, '99
lat, I. A M., 1897...
'88 >^ 89
121
Ist conaol.. Bs. 1919
Coupon. Bs, 1909
lat. I. All, 1899...
125
C.Br.lI.P.— P.C.7S, '95
Kenfky Ceu.-M. Ba, 1911
ltt,C. AM.. 1903..
121 >i 122
l.akn Shore A Mich. 80.—
At.C.AP.-l 91,6.9, 1905
Conaol. 7a, 190S
101
Mlch.S.AN.I.-S.fd.,7a 106't
At.J. Co.AW.— Ist, Bs
3d, 7b, 1881
Cleve. A Tol.— sink. fd. IO8H1
Ore/. Short L.— lat, Bs
lii,7a,l.Al). lixt.,1908 120
a. W. falT. 1 el 68, 1 909 109
Now bonds, 78, 1886
Ut. 80.— CJon., 79,1909
i«t,68.La.A Dav.,1919
Cleve. P. A Ash.—78 ... II8H1
Exton., lat,7s, 1009
123
108 Hi
lat8.Mllili.Dlv.,(iH,19;0 108
Buff. A Krlo New bds.
Mo. Pac— l8t cons., Os
118
lat, n. A n..7». 1910
Buff. A State l,luo-78
3d. 78.1900
Ch.APac. I)lv..Cs, UllO 110'4lll
Kal.
Pacific of Mo.— lat, 6a
Pigeon— 1 8t.
94;
94 Hi'
l8tChic.*P.W.,£is,ln'21
Det.M.AT.-l8t.7s,1906 '122Hl
•2d, 78. 1891
94 >4
94
123Hl
Mln'l I't. l)iv..,'iB, 1910
8t.I..A 8.F.--2d.68.cLA
l.ako Shore— Dlv. bonds
90
97
C.AI..Kup.Ulv...'>H, 19'21
Consol., coup., lat, 78 125=4
308, class <;, 190G -..
12334125=4
C.AN'wc«t.~B.M.78.'8> 109 110
ConaoL, reg., 1st, 78
368, class B, 190S.-.
lnt«re8tbo:dB,78. 18,S3 100
lat, 68, PelrcoC.
Conaol., coup., 2d, 78.
123
134
Conaol. boiulH, 7b, 1915. •
Consol., rog., 2d, 7a.
Equipment, 78, 1895
'85
116
Long lal. Il.-lst,7s,1898
Sxtena'n bouds, 78,
Bo. Pttc. of Mo —lat.
108 Hi llOHl
97 >4 98
let, 78, 1885
lat consol. 58.1931..
Tex.APac—
lBt,G8,1905
117Hi
Coupon, gold, 78, 1902. 127 Hi 1 '28 Hi' LouIsv.AN.,— Con8.78,'
Consol., Os, 1905
101
128
Hi'
luitonie A I'd gr., reg
K«g., gold. 78, 190/
2d, 7s, gold, 1883
Blnking fund, 6a, 1929 'llOHi
C6<:lllan Br'ch-78, 1907 105
lst.,RloO.Dlv.,68,1930
100
Sinking fund, rog
N.O.AMob.— lat, 1)81930
Pennsylvania RR.—
Sinking Jimd, 5a, 1929
99^1
E.H.AN.— l-t,68,1919 101 103
Pa.Co'8gnar.4Hi8, Ist c.
09 «8 100
Sinking fuinl. rog
Oenoial. Ba, 1930
Registered, 1921
102
Iowa Midland— l9t. 8a.
Penaac'la Dlv.—Cs, 1920
Pitt C. A St
1 at c.,7a
Ponlnauhfc— lftt,conv.7» 120
BtU Blv.-lat, 68, 1921 106=4
Istreg., 78, 1900.
67
63
Chicago A Mil.-l8t, 78*120 123
2d, 3a, 1980
•2d. 7b. 1913
WinouaA .Ht. rct'r-l»t 109 109'4 Naahv. A Doc.— lat, 7a. 118Hi
Pitts Ft. W. A Ch.— 1st
Ho I'JO
2d, 7a. 191)7
B.AN.Al8.-B.f..6a,19IO
2d, 7s, 1912
112
Mll.AMa<l.-lKt.(i8,1905
I.eban'u-Knox—6a 1931
3d, 78, 1912
C.C.C.AIml»-ljit.7B ,6/. 124 125 Hi
Ixjulsv. C.A L.—68,1931
Clev.A Pitts —Cons, s f.
IOIS4
124Hl 126
Con80l..78. 1914
L. Erie A
4th. sink. fd.. Cs, 1892
l8t,6a,1919
C.StUAX.O. Tcn.ll<-n,7a''112
.'^undn.skv Dlv., 6a, 19l9
Col.C.A I.e.— Ist.cnnaol
95 '8 '99
lat. COI180I. ,7»,1H97.... "113
I,af,Hl.A.it.-lat,8s,1919
•Jd consol.. 7a, 1909...
iOtOg
C.8tP.M.AO,-C.>n8<iI..6a
Loul8v.N.Alb.AC.-lat,68 103 Hi
1 8t,T( 'at Oo.ctfa.,a8s*d
113<« ManhatB'ch 00.-78.1909
C.8UP.AH.-lat,(ia,1018
2d. Tr'at (:o.ctf8.,asa^d
No. W18.— l8t, 68. 1930. '113
N.y.AM.B'h-l8t,'78,'97
1 at, Tr' t Co.cit8,aupn1.
Bt.P.AS.C.-l»t.(l»,1919 UOHl
Marietta A CIn.— lat, 7b
8t.L.V.AT.H.-lat,g.,78
,
nosU
Dakota Ext.—6s, 1910
1
UudB.R.- 78, 2d, a.f., '86
lat, 6a.
14
rnndlDgBa, 1899
6s,couiioo, 1893-99..
Is
U4
tl
42
18
8mall bonda
Reglatered
1886
Rhode Inland—
101
00
84
84
Dlatrlct of Colombia—
a-66a, 1034
Ohlo-
„.
1891
1899
1893
100 >a aT.Va.AU.-l«t,7a.l900 'lis
115
latoona., Sn, IVM)
96' 77
48
Dlvl8lonal58, 1910
49
Blla.C.A N.—8.(.,deb.o.6a
101 4t
lat,6a,19'20
Ell/.. I*x. ABIgS.—68...
Erto—lfit, oxtonded, 7-*... 127
2d, extended 68. 1919 .. 107
105 Hi 106
114>a
3<l,78, 188-1
4th, extended, 5s, 1920. 107
112
6tti,7a,1888
101
126Hi
latcoua.. gold, 7a, 1920 126
1211
81
latcona., ftl. coup., 7«
Roorg., l8t lion, (fs.IilOH lOBHl IO8H1
UOHl'
Long Dock b'dH, 7«, 'II
125
BulTN.Y Ai;.— 1st, lull! 132 134
102
N.Y.L K.AW.-NfiW.'d « *95Hl
114
*91H»
2(1, consol., fd. cp.. 58.
Buf.A 8.W.-M. 08,19 18
97 >8
Et.a T.H.-lat. conB..Ga.
A
A
A
loMi,
e*. loan.
t», low,
61, now, 1866
6a, new, 1867
6a, conaol. Honda
6a, ex-matarod .coupon.
ea, conxol.. 3daerlea
Ga, dofnmMl
6H>
80^
80V
80
Conool. 4a, 1910
.
100
101
A
e«,To>n, 1883
olaMS..
'si'
VIrslnla-ai, old
.
Do
6«. KOld, rag., 1887 ..
6«, gold, cutin., 1887.
MaoTA Marq — l8t,08
lAnd grant 3 H18. S. A.
c.lia|i.,\c No.— :at,Ca
lIlnn.AMt.I,. -lBt,7»,Kii
lowac. West.— lBt,7a
OblcnRO
107Hi 108
I
DonT.8aJ>.APao.— 1 8t,78.
45
68,
lUtl
'87,
Dot.
JS.— let, 7a
Bar.
do
111
IIH
lat conaol., 7n, 1910....
AU.
1
'
Mt. Jo., '88
New York611,
Railroad Itonds.
Ouaniutovd
Do
11:1 Hi
RAII.ROAD BONDS AND msOBl.IiXNBOCS SEGVBriTBS.
Naah.0hat.A8tl,.-l8t,7si 117 nr St.P. MInn.A M.-Cont—
Donv.AK.Ur.—Coniln'd—
105
<S(ot* Kxclumue /V.«».)
Ala-Central-lnt, U8,1018
AUta. T. A 8. Ko—I Hi, I9J0
Boat, llortf.
A
UMialbal
10
100
lOS
108 <• 109 Hi
108 Hi
llBVi
im)0
oootol.,
100 >4
llUl^ IHrtflorlSOO
ANVl'lnor Univ., auo'03
Klindlnu, I Hill 'US
Laolsbuja—
7ii,
6)1,01(1,
laoo
loab MlMOiirl»», ilup
««. i\mi
Arkanim
27
A.AO
37
Mo. Cuollim RR., J. AJ. 140
IW A.AO.....
140
Do coup. off. J.AJ. 120
lio
C4)iiu. off, A.AO.
130
10
Pundlnff act, 18)10 lUOO
18681H9H 10
I)«
'998
Mew bond*, J.AJ.,
18
Do
A.AO.. ..
18
Chatham UK
6
Special tax,claM 1. '98-9
7
uo
cum a
6H1
X'/ss,-.
7ii.
:<
A«k.
Soath CaroUna—
6t, Act Mar. 33.1860)
oa-tandable, 1888.J,
Browo ooDwrn $•, 1808 101 104
Tonnesw»-6|.old.lH03-8 68
SO
08 "^ 59
6*, new. 1899-8.1900...
68 'a
6*. new MtlM, 1914
H. O«roUii»-0ii. old, J.AJ
ciiMA.n
Bid.
KansaaA Nob.— 1st
•2d
Long Island- lat
Mom. A Ohar.— lat,
109
110
lat,
cons.
conaoL. Tonn. Ben.
90.
lis
95
104
102
78
103
55
16
114
110
110
N.Y.A Or-nWd L.— 1st, Oa
81>i
2d
St Joseph
1
2d
A
70
35
35
11
Paciao— lat
St Jos. A Weafn—Stock
Tex.A8tI.,.— lat.es 1910
N n —1-1 7.
10m. Wo-tom.
103
iio'
63
2a.
75
30
10^ 15
70
KM
80
107
'
.
J
;
.
.
New York
Local Secnritles.
Bank 8tock
Ijist*
[Quotations by B. S. Bailey, Broker,
No. 7 Pine Street.]
I<Ut.
Companies.
Marlud thvs
Price.
Companies.
Por.
are
(•}
not Natimial.
Bowery
Broadway
&
100
153
154
100
100
25
12SM
....
i»
Drov'rs'
100
100
Cbase
CtttseDs'
Com Exchange*
100
100
100
lUO
Xaat River
Klerentb Ward*
25
25
City
Commerce
Continental
American
American Exchange
Bowery
Broadway
130
125
Citizens'
ibd
CllntOB
Columbia
104
Commercial....
Continental
Eagle
i47
First
Fourth
Fulton
Germanla*
Greenwich*
Hanover
Imp. and Traders'.
German-American.
Germania
Globe
Greenwich
Guardian
Hamilton
Hanover
Hoffman
93
100
100
25
100
100
50
50
100
50
100
100
25
50
25
100
60
50
100
100
.
Irving
Wand City*
lieather Manul'trs\
Manhattan*
Slarlne
Market
Mechanics'
Mechanics' Assoc'n.
Mechanics' & Tr'drs'
Mercantile
Merchants'
Merchants' Exch'ge
Metropolis*
Metropolitan
Mount Morris*
Hill*
Nassau*
lOO
100
N. T. Nafl Exch'ge.
"...
Kinth
North America*
North Iliver*
100
100
100
70
so
New Yorit
New Yorlc County..
Home
133
Howard
Oriental*
:io
141
135
|....
Kings County (Bkn.)
Knickerbocker
Lafayette (Br'klyn).
Lamar
Lenox
98
l,onrf
Park
Ijorillard
Manufac'rs'dc Build.
Jlech. ^Traders'...
Mechanics' (B'klyn).
Mercantile
Merchants'
Montauk (Brooklyn)
as"!Mi (Ilr'j4>klTn).
Seventh Ward ....
Second
Shoe and Leather.
New York
Fire
A
Boston.
City
135
100
100
Star
Sterling
160
50
1(3
245
230
85
90
112
120
196
15i
120
115
270
65
300
70
120
148
125
153
too
150
155
60
60
100
30
20
40
60
100
25
50
25
100
100
25
50
60
50
50
50
95
SO
63
100
143
153
i\0
65
148
85
75
95
«J
195
60
110
115
70
70
75
SO
104
60
lOS
105
75
112
HO
140
145
150
70
110
112
115
120
65
85
80
.„f>
loO
S7>< llu
130
120
100
97
100
100
18
'iO
140
S6
83
67
ISO
100
190
185
110
200
120
185
115
140
100
20
60
60
60
126
1!)5
12)
146
75
75
100
80
MS
26
50
100
100
25
25
25
115
155
125
75
53
83
60
133
12.1
FO
85
10
125
120
130
125
50
250
260
Gas Companies.
25 2.000,000
20 1.200,000
bODQS
&.
l.COO
Manhattan
Metropolitan
do
bonds
Mutual, N. \
.
do
bonds
Hasian, Brooklyn
do
^
HewToris
..;
10
1.000
Bonds
Bonds
^ew York
...
'.',
do
bonds
Metropolitan. Brooklyn
Municipal
do
bonds
_
Fnlton Mmilclpal
1,000,000
37." ,000
125,000
.*.'
1st mortgage
1.000
Broadway (Brooklyn)— Stock ..
100
Brooklyn Crosstown.— St'k...
100
1st mortgage bonds
1,000
Bnshwick Av. (B'klyn)— Stock
100
Central Pk. N. & E. Klv.— Stock
100
Consolidated mort. bonds
1,000
Christopher A Tenth St.— Stock
100
Bonds
1,000
Dry Dock E.B.& Batt'ry— Stock
100
1st mortgage, consolidated
500&C
Blghth Aven ne— Stock
100
Ist mortgage
1,000
«8d St. 4 Grand St. Ferry- St'k
100
Ist mortgage
1,000
Town— Stock
100
.
1st mortgage
1,000
Houst.West St.& Pav.F'y— St'k
100
Ist mortgage
600
Second Avenue— Stock
100
3d mortgage
1,000
."
Consol. convertible
."
Btxth Avenue— Stock
1st mortgage
Third Avenne—Stook
1st mortgage
Twenty-tliird Street— Stock'.'.'.'
1st mortgage
!
columa'shows
300,000
200,000
145
tost
M.AN.
Q-.I.
41X1,000
300.000 Q-j".
500,000 J.& J.
1,800,000
1,200,000
650,000
Q-J.
.1.
AD.
F.A A.
250,000 J.
4.J.
1,200,000 Q-F.
900,000 .I.4D.
1,000,000 Q-J.
203,000 J.* J.
748.000 M.4N.
236,000 A.AO.
600,000
200,000 M.4N,
230,000
500,000 J. A J.
1,199,50')
150,000
1,000
Extension
• This
167
...1105
109
Apr,
82] 95
100
J.AJ.
A.AO.
M.&N.
1,050,000
^00*c
200,0001 .tf.AS.
100
750,000 .tl.AN.
1,000
500,000 J.
J.
100 2,000,0001 Q-F.
1,000 a,00i),rt<)0 J.*'
100
600.0*11 F.'. ».
1.000
250.00(j| .H.* N
dlTideno on
&
»tock,.
103
60
95
120
40
46
105
107
Feb..
80
15
55
00
75
»2
11)00
101
104
-Ian.,
180
55
x!35
105
110
.TO
-May,
1888
1
82
1.
L. Gbaxt. Broker.
Bleecker St. & Fult. Perry— St'k
100
900,000 J. & J.
Ist mortgage
1,000
694,000 J.& J.
Broadway & Seventh Av.— St'k
100 2,100.000 Q— J.
Ist mortgage
1,000 1,500,000
Brooklyn City— Stock
10 2,000,000 Q-F.
Central Cruss
"'!' 1115
.'an..
AN
750.000iM.
170
225
May,
I
92
.
van
X
7
2
7
62«
Apr.,'^13S
Jane '8) :03
May,
'82
215
102
2a«
113
142«
IC4
220
110
Anr.,'.«2 190
Apr.. '82 160
1888 1102
Apr.. •Hi 135
Apr. '32 138
I»ec.lM02 116
Feb., '82! 86
1HK8
100
200
May, 82 210
249
June, '931115
Apr. ,'82 1200
Jan..
'81
100
May, '82 200
Apr., '93 110
170
105
145
142
119
102
110
UW
i'l'o
ii's
67
Sov.1904 103
60
July, "94 i05
Jan., '82 145
Apr., '8.3 103
Nov.,
A
Suub. Hai.
St.
6l,untaxei reg..
do
W. Jersey A
114
loesi
"re-'ES
do
ao
Calawlsaa
pref
do
\88,i.
5
PennBylvanIa6s,co«F,,
',910..
15W Schuylk. Nav.lst m.68.rg.,'97.
do
id m.6a,reg.,l9U7
30
129
do mort.,
llh
BOX BOX
iS8S4
62W 63
51
.
68«
A
Erie
27M
151
115
but the date of maturity of tomh.
pref...
RAILROAD BONDS.
Allegheny Val..73-108.1SM... 122
7s,E.ext..l9I0 116
do
inc. 78. end., c. '94.
'8j..
.05V4
105 i,
102Vi
Sdm. (8. 'j7..
Camden AAmoc-^ «s.>-oun,'<H
do
68. coup., 'ri9 108
Jo
mort. 68, '»a
.12
Cam.l&lAtl. iBtm. 7s, g.. l^iv:
'
•
In neCault.
t
nusnerly, ioshi
6e,park,lS90,Q.— M,
6s.
do
do
do
do
uaS
6b, 1900,
6H« Balt.AOhIo
27Ji
....
1S93.M.AS
66,exempt,'93,M.AS,
C>— J
ISO
130
do 68.190i, J.4 J
li6
do 5s, 1916, new
130
Norfolk water, 88
Par.
BAILBOAD STOCKS.
do
do
....
'l09Hl....
6s, 1890, quarterly... llS.m''.18«
ISS
100
1st
pref
12«
123
2d pref
Wash. Branch. 100
Parker8b'gBr..5C
Northern Central
Western Maryland
50
50
188«
Bait.
4<)hlo6s.l335,A.AO.
..
cm. & Baltimore. 79, 1900...
N. W. Va. sa m..guar.,'a5,J4J
in5V
126
PltUb.4 Conneir8v.'.s,'9S,J4J
Northern Central 6s, '85, JAJ
do
6s, 1900, A.40.
37W S8J<
do 6B,gld,190t), ,I.4J. 117
,
2dm.<s.
68, 1S31,
68,;S66, ,1.4 J
BAILBOAD BONDS.
187jii
WestJerseyA Atlantic
CANAL STOCKS.
Lehigh Navigation
Pennsylvania
78, lS9i-4
50
Central Ohio, common
Plttsbu g A CouneliiviUe,..
WestJersey
do
do
do
do
do
do
16
A Norrlstown.,
Phha. .^ew;owc A N. Y
Pulladelphla A Beading
Philadelphia A Trenton
Phlla.Wflmlng. A Baltimore.
Pittsb. Cln. & St. Louis, com.
St. Paul A DuluthR.K.Com
do pref.
do
Dnited N.J. Companies
West Chester consol. pref
Belvldere Dela. Ist m.,6s,lw^.
ii'5
Baltimore
12«
21)
NoriOiit
Philadelphia
Phlla. Gc^ni.
4>is, reg., 1920
BALTIMORK.
58
72
pref
Pennsylvania
do
do
CO ip., 19.0
do
do
Phll.AU.CoalAIr'n deu.7s.si'
deb. 78. cns.on
do
41
24
Nesquehonlng Valley
A Western.com
pref....
do
do
North Pennsylvania .
92.
MISCELLANEOCS BONDS.
Penn. Co, 6s, reg
23
50
54
A Broad Top..,
do pref
do
Lehigh Valley.....
liio
do cons. m.7s, rg,,19',' ... 119
do Gr'nw'dTr. 7s. rs..'9i
15M
new pref
do
Delaware A Bound Brook...
Huntingdon
58,
.Morns, boat loan, reg.,
pref
East Pennsylvania
Elinlra A Wllliamsport
pref..
do
do
Har. P. Mt. Joy A Lancaster
cp. 108
m
A Del.. iBt m., 68, 1388 ss
Lehigh Navlga. m.,6B, reg., 'SI 105
do mort. RR.,rg .'97. ... U5',<
RAILBOAD
STOCK!*.
Allegheny Valley
Buffalo Pitts. A Western...,
pref.
do
Camden A Atlantic
....
Atl. Ist
Ches.
104
112«
4», reg.. 'S'.'-tO
108
cons. 6s. 1909
Western Penn. KB. 6s,cp.'9J. !06
1U5
do
68 P. B..'9ti
gen.m.7s.cp.,1901
do
CANAl. BONDS.
'»!
's3 'So
48, reg.,
96«
.
,
do
do
io
do
do
do
as.
Warren A F. 1st m. 78, '96...
West Chester cons. 7s '91.
West Jersey 68, deb, ,coup.,'*i
*"''
115
iBt m. 6s, cp.,
do
l8tra.7s.'99
do
BTATB AND CITY BOSD8.
do
260
115
'95
United N.J. cons.m.6s,*94
Loals
do
Sept.. '8:11 145
Mar., •S2 250
jQly, 'vol 110
May,: '82 200
lufy, '901109
Feb ,'S2 145
May, '93! 110
'£^.,
m
A Lynn
Kevere Beaeh
Schuylkill Navigation
'm\m
1901
A
W.,l8t m.,5»,"i^.
2d m. 6s. .933.
''o
Syra.Gen.A Corn'g, 1st, 78,1905
Ogdensb.A L. Champlaln ...
Texas A Pac. Ist m.,68,g..l905
133
Old Colony
Itio Gr.D,y..lS30,
do
Portland Saco A Portsmouth M4 115«
cons. m.,68,g.,I905
do
x I21X
Pullman Palace Car
lnc.Al.gr., 7s 1915
do
'25
24
Rutland, preferred
Union A Tllusv. 1st . 78, '90.
no
151
....
7s, cp.. 19IH 11S«
do
do
HiPItlsb.TItusv.A B.,7s.cp..'9<;
Rich. A Danv. con!. Int. «a, 1915 '9a
98
Shamokln V.A Pottsv.78,
Sunbury A Krle Ist ra.78,
New York A New England.. 111
Northern of N. Hampshire...:
100
Norwich A Worcester
36
Little Schuylkill
Jtlnchill
Jan., '(2' 24
J'ly,1900 105
65
98
74
,
Plill.Wilin.ABalt .4s,Tr.cert8
PItts.CIn.ASt. L. 7«, reg., ISOC 118
8»>4
.
;6H
_
23
Marij
pref
do
I
Fort Scott A Qulf, pref
common
do
Cliy.
Sioux
Iowa F»ll« A
Llti.o ItockA Fort Smith...
Mauchesler A Lawrence...,
Mar. Hough. A Out
Mar. Hoagb. A Ont.. pref..
Nashua A Lowell
ilo
Broadway.)
uo g.;.. _ 6 ^,.^.0
do ln.m..48.toup..'S96.
do d-b. coup., 1«3"....
do do c up. off, 1693,
do scrip, 18Si
do conv. "8, B. C, IS93'
do
78. coup, off *9S
128
110
96
1S97
1900
1,000,000 A.& O.
100 1.000,000 si. &N
100 3,000,0001
,
H
KllntAPere
Imn.m..6'.g. ".'»"-
0>*
35>4
1898
!05
Feb.. 78 05
.Ian., '«2 166
.Mar., •82 220
'« 43
May, K2 90
May, '82 118
Var.
Var.
50
466,000 F.& A.
60 1,000,000 Quar.
'iob (1,600,0001
[Quotations by
90
.
Coii:..ti.-a V.v.icy
Kasterc (MaBS.)
Eastera (New Hampshire)..
Fltchhurg
4s,reg.,lS94-iaoi
48. reg. :912
3X',rcg.,lil2...
Phils., 6s, tixcd. reg., l'-S2
1,000
."..
C'^n*^. ' i'^**""^i^*l^
10S~
•Ian., •76
.
.
May, 82 100
Jan '82i 05
Sept.,
I. & .1.
M.4N.
.
.
Penna. 58.new,reg.,169i-190'.(
l.-*82
26
Va'.
•00,000iM.4N.
100 4,000,00u M.&N
scrip...!
People's (Brooklyn)
Central 01
1,000.000] F.* A.
5,000.000! Quar.
1,000,000' K.& A.
1,000,000! Var
.
—
Ath.
.
"
"
750,000 •I.&
J.
4.000,000 J.& J.
2.500,000 M.&S
1,000
Wmiamsburg
Var.
Var.
815.000' A. &(),
1.850.000 f.4A"
50
20
60
100
500
100
Hoboken
Bid.
*
.
I
PHILADELPHIA.
Date.
Par. Amount. Period
Co (Bklyn)
t
Wisconsin Central
pref
CO
I
Brooklyn Gas Light Co
Jersey City
Bid. Ask.
SSOT7B1TIK8.
-am. A Atl.Jd m. 65, 1901
I03X
do rons., 6 p. c
n8}< IISW Cam. 4 Burlington
&tch, A Tcpeka 1st m.7l
Co. 68,'in.
do
land grant7E 114
CatawlBsa lst,7s, conv., cp.'i2
Atlantic A Paclft -, 6s
93>4
do
chat, m., lOs, '58
income ..
<'o
new78, 19flO,r.Acp
Boston A Maine 78
Chartlers Val., Istm.7B.c..l»y;
124
tfoston a Albany 76
>«
Connecting 68, cp. 1900-190).
68
do
Delaware m.. 68 reg.4c;>.,var
Boston A Lowell 78
iDel. A Bound Br., ist, 78. 1905
187
6b
do
jKastPenn. Ist mort.Tn.T
Boston A Providence 7s
EaBton A Amboy, 5s, 19'»
Burl. A Mo.,landgrant7s....
B1.A W'mBport, istni. 61, 1910
Ei 111
Nebr.68
do
do
58,perp
Nebr.68
10%
do
HarrlBburg iBt mor'. 68, '83...
Nebr.ls
..
do
H. A B. T. iBt m. 7b, gold. '90.
Chicago Burl. A Quincv D.Ei 84H 84?4
i"o
cons.m.58. IS05....
8SM
Conn, .t Paasampslc. 7«
ItbacaAAthenslst g d. ;b..'SO
Connotton Val ey. 7s
5'2'X
Junction 1st mort. 6s. '92. ... lOSHfi";
tali'ornla Southern, 6s
do
'id mort. 68, I9O0
Kastern. Mass., 4^8, new. ...
Lehigh Valley, l8t.6s, reg., '9! 121'
Fltchburg KK.,6a
do
Ist, 8b cp..lS9ti 124^
7s
do
do
8d m. "s, reg., 1910. !33
IIOH 110>i
Fort Scott A Gulf 7a
do con.m., 6B,rg„192;i
122
48
49
Hartford AErle7s
68,<-p.,19,:3 121^
do
do
102
K. Cltv Lawrence A So. Ss...
Little Schuylkill, iBt m.Ts.'aa 102
114
Ksa. City. St. Jo. AC. U. Is.
N. O. Pac. l»t in.. 68. 1920 ..
85X
Little H'lt A Ft. Smith, 7s.l8t 10'
\<yHi North. Penn. 1st m 68. cp..'85. 107
Mexican Central, Tb
86?i
do
2dm.7a,cp.. '96.
1G4
New York A New Bog. •s....
do gen. m.7s.reg.. IQO'r ii'i'x
Is ...
do
114
do gen. m. 78, cp., 1903.
New Mexico A So. Pac. 7b...
TO debentur-i «B. reg... 105
OgdensburgA L. Ch.con.6'.
Norf
'k Jt Went.. gen. m.,6». 1,31 10i?<
Inc.
do
on Creek, Ist 6s, coup., UlJ., 101
Old Colony, 7»
Penn8ylv.,gen. m. 6s, rg., 1910 125
OH Colony, 68
do
gen. m. 68, cp. .1910 120
n3)i
Pueblo A Ark. Valley, 7b
do
cons. m. 69, rg.. 1905, 119
Kutland 68,l8t mort
do
cons.m.6B. cp.. 1905. 119
iosH
Sonora'B
do
do
5;,reg,,19i» 104«
STOCKS.
Pa.AN.T.C.A RK.'B.lOiW... 123
x 83«
Atchison A Topeka
1906... 127
do
Boston A Albany
Perklomen Ist m.6s.coup.,*8;
105
55
BoitoaC Id. a Fitch
Phlla. A Brie id m. 7s. cp..'83
113
102« 103
Boston A Lowell
do
cons. mort. 6s. 9i0
143fH 144
Boston A Maine
58,'9ao
po
do
102«
x lliO IB2M Phlla. Newt'n A N.Y.. 1st, '9
Boston A Providence
58
Chesnirepreierred
Phll.A R. 1st m.6B.ex.due 1910
Chic. A W. Michigan
70
do
id m.. 7s, cp..93. lis
26
Cin. Sandusky A Clev
86M
do cons. m..7s,Tg., 19;i 123ii
Concord
cp.,lvll
do
do
River
Connecticut
do con?.m.6',g.lKC1911
BOSTON.
Vermont A Massachusetts.
Worcester A Nashua
Ga« and CUy Railroad Stocks and Bonds.
do
Barlem
Baltimore.
SSCrtrBITIXS.
Tol. Cln.
[Gas Quotations py ueorge H. Prentiss. Broker. 17 Wall
street.]
Citizens 'Gas
P hiladelphia and
.
i25
100
100
50
50
25
100
15
50
50
25
25
Stuyvesant
Tradesmen's
United States
Westchester
WilliamsburK City..
108
155
195
160
125
145
120
E5
105
110
190
17
10
Kelief
Republic
Rutgers'
Standard
aio
107
95
235
220
SO
100
100
40
100
30
50
Phenir
126
150
no
150
117
100
50
Park
Peter Cooper
40
50
100
100
West Side*
20
70
100
People's
100
Tradesmen's
Union
United States
185
1«5
Pacific
100
100
100
Third
200
17
Equitable
Niagara
100
100
Nicholas
York
York
Yurk
Yurk
North Kiver
25
20
60
Produce*
Bepublic
25
25
National
New
New
New
New
105
125
101
100
Fhenix
Island (B'klyn)
Manhattan
26
50
People's*
& Tr'd'rs
Importers'
Irving
JeiTerson
inn
Pacific*
140
105
SO
50
Farragut
Firemen's
Firemen's Trust
Franklin Jk Bmp....
SO
50
75
eallatin
German American*.
German Exchange*.
—
Empire City
Exchange
iVa
100
100
100
100
Firth
Fifth Avenue*
60
100
Brooklyn
City
25
100
25
Cbattaun
Chemical
Sixth
State ol
XXXIV.
[Vol.
•
America*
Am. Exchange
St.
. ..
Qnotatlons in Boston.
Insurance Stock
Murray
.:
THE CHRONICLE.
600
Bntchers'
Central
—
Per share.
Cen. Ohlo6a, l8tm..'90.M,AS.
W.Md.6a.lstm.,gr.,'90,J.AJ,
do 1st m., 1890, J. A J...,
do id m. .guar., J.4 J
do id m.,pref
do 2dm.,gr. by W.Co.JAJ
do 6a. 3d ni., guar., J. A J.
Mar. A Cln. 7s. '91, F. A A ...
do
do
M. A N
Ss.Sd.J.AJ
id.
no
113
117
bonds
120
121
io«v
lo»
131
I2t)
»su
53C 63*
UnlonRR. 1st, guar.,J.A J., 117
C inion endorsed
do
Consolidated Gas
41^
Do
125
104H
42
1
...
.. .
.
Mat
THE CHRONICLE.
27,1883.1
Railroad Knrnlnifs-—Th« lafnut railroad pamlnffn and the
fn>m Janiiary 1 to latfwt datn »r« ghvn bwlow. The
Ut4*mi<nt Includea'the Kfuu earaiiigH of all railroads from
which r<itarnH <<Aa b« obtoload. Tb«> colamiM andar the hvad'
iug " Jao. 1 U> latent date" furniiih thH groM earnings from Jan.
1 to, and including, the period mentioned in thn second column:
totalH
Naming* StporUd.
Latttt
Jan. 1
to
Jjotut
WtekorUo
1883.
1882.
1881,
«
«
1881.
«
67,005
1,100,000
24,400
58.309
948.(KX)
1
I
.
>
'
.
.
I
"
.
.
.
t
Mm
—
N«w York Citjr Banks. ^The following iitatement show* the
condition of the Aaoooiatad Banks of N^w Y.>rk VMy tot the
weok wndioy at tbw eommeneement of bosinewH on May 20:
ir*w Tork.,„,.,
Manhattao Oo.
MrebMiu.....
Meonaalos*
358,107
342,813
4,347,000 3,151,000
67,760
23,066
63,321
Boit.AN.Y.A.U Miutili ....
00.515
341,087
193,091
ai),333
Biiir. I'UtMli.AW. April
'•
v..
"I
36,009
959,851
698.208
f
wk
Biir.CVd
38,957
M«y
129.111
Ak May
0,717
1.54.120
0.118
Cairo A ^
294.2«5
A k .Mny
21.073
314,078
12.411
CViit.Ur
liiil
2.0.'.2.0O0 1,872.370 7,509,144 6,639,132
C'viUrul 1
2 "1:1. SO
857,105
227,312
802,703
(%<<«u|i. ,V iiliio. .vprll
wk May 122.323 131,180 2,480,970 2,298.813
ClilrMgo A AltDii
4,682,351
.March
1,418,149
3,760,918
1,500.217
CUIc. Bur. A-O
604,0-19
29,324
550,930
Otilc. A Kiixt. lll.'.'il wk May
31,596
24,907
CblcACii-.Tniiik Wk.M'y 13
35,050
367,000 864,485 0,959",0<K) 4.847,746
Chic. .Mil ,tSt. I'. :i<l wk Mny
Chic. * Ni)rthw. :iil wk Miiy
421.919 4I6,ax8 7,077,131 6,007,169
»'h.8t.l'.Miii.,Vt>. ;iil wk .Mny
8!»,974
77,805 1,692,379 1,102,050
H -Mi. ii MiircU
9fl,673
348.130
Clii262.175
128.188
' A|.rll
Cii
817,813
728.084
204.209 183,710
(-!
759,100
April
180,112 173.9211
027,402
7.S59
It, 184
Ch .. k
ul :f<l«-k May
176,708
155,329
r,,l. lloik.V.iVT.jid wk .May
20.007
02,455
l).iiv. ,v Kill (;r. .id wk Jluv
i;).'-..:ui
122,135 2,420,569 1,80.5,825
135,907
l>.s .M. .t Ft. I). 2.1 wk May
4,054
5,303
108,528
25.964
583,488
Ket. I.an. A Ki)..i;ia wk May
459,436
28,489
I>iil>, A Sioux V. r-'.l wk Maj417,770
19,943
18,698
331,694
V -•
.March ....
686,733
255,890 338,594
629,312
N'o.AinJ.Maroh
41..506
118,805
47,132
103,831
V T. H.iMarcb ....
63.096
56,481
; .,.., ... i'. M«ri|.;l»twkMay
755,393
36.705
620,073
42,1 IS
lial.Uar.ASaii A IstwkMnv
17.144
419,7.54
24.309
418,781
2IV2.71H
OraiKl Trunk.... |Wk..Mavl3
207,294 3,810,380 3,886,501
Great Wi'Btcni l\Vk.MavI2
95.158 1,700,854 1,930.772
87,!>93
fir.HayW.A-^t.r.-.M wk .May
131, .503
5,587
8,834
117,937
II»niiil»nI.V ST .lo "jil wk May
601,995
40,431
34,063
725,305
Hous.K.\\V.rix April
12,703
73.922
24,131
40,189
niliiols Cm. (III. (April
530,108 503,734 2.189,621 1,908.829
(lowu) Aiirll
l)o
597,913
138,195 158,759
467,233
T,..i ii.....„.,fc w. oilwkMay
41,977
860,90o
37,481
837,311
:*orth. 3(1 wk May
906,805
41,0.81
882.182
55.969
iral ...[.\i)rll
301.125
76,186
82,044
226,471
-. Ji Gulf 3ilwk Apr.
iv.
.503,142
26.864
32,468
425,356
K. I l.;nv. ifc.Ho. 3<lwk Apr.
11,137
272,078
14,153
19B,S83
I.. i:i i.- .t \Vesfn'2il wk -May
20,433
474.989
436.014
20,349
l.oiri: lslaint....i;t<lwk May
34,971
607,672
692.319
43.816
lAUiiav.it Nn8hv.!3(l wk May
210.075 182,400 4,507,474 3,972.005
Alainr Ci-iitral. I.MaicU
17.'>,255
419,992
155,559
403,121
.Mm- !-'> . 'ilAnrll
105,134
33.000
17,104
61,516
Mil
310,297
3<l wk .May
14.000
10,944
170,387
- 2il wk .May
483,212
22.790
20,038
270,243
Mo. k..,. ,x i -v. 2.1 wk May 107,820
82,109 1,920,850 1,600,228
Miiisouri I'acitlt. 2<1 wk May
126,276 129,046 2,308.-5 10 2,078.034
Mobile A Ohio. .'April
617,510
145.272 ]63.?i50!
835.579
Niu<hv.(L..t!<t.L April
183,.'J20;
032.115
154,1.55
700.243
Osy.osS
N. y.&N. KiiKl.l .March ....
250.073 212.018
57.3,382
N. Y. Pa. & Ohio March .... 47.1,713 501.470' 1,289,325 l,33l.O;io
Norfolk A; West. MaiTh
171.709 195.650'
493,000
514.200
Koriliiin Cent.. March
430.194 452.900 1,231,113 1,221,719
Northern I'aoille 3.1 wk May
134.4.^6
70.610 1,710,471
780,335
Ohio (X'Utral
l.'^t wk Mai19.005
309,531
9.893:
170,923
Ohio Soul hern 2.1 wk May
4.1il
127,510
0,11
Oregon K.AN.Co .\pril
379.200 379,205 1,403,300
9S7,.')13
PeiinKvlvaiiia .. .Vpril
3,855,850 3,760,372 14,448,211 13,889,505
Peoiia'DeckKv. 2.1 wk May
280,911
11,993
13,0541
200,960
PUiladelji.&Erie -March ....
701,281
265,31)
285,573
735,377
Pbila..): Uc.idiiig .\pril
1,709.712 1,484.864 6,113,297 3,710,!)91
Do Coal A Ir. .\pnl
989,994 897,642; 3,791,600 3,100,053
Kiclun.A- Daav.. .March
908.351
332,702 313,899;
831, »03
Kochest'ri IMtCs 3.1 w k Maj'
4.314
102,092
4,825;
8^,005
StJoJuiKl'-AI-C. March
13,179'
47,109
17,681
33,560
St. I,. Alt. it T.tl 2.1 w k May
25,463
432.810
19,180
323.237
Do (lirch8.)i.'il wk .May
10,140
11,783
291,154
290,043
8t.L.Iron .Mt.A-.S !2d.wk May
92.370 108,178 2.398,993 2.598,408
St.L.iSau Fran. 3.1 wk .May
51.200
72,613 1,183,808 1,106,345
Bt. Paul * I)ul..i March ....
49,904
03,538
183.329
123,493
Bt. P. .Miuii.Jfc M. 3d wk May
197,000
95.000 2,453,313 1,420,017
Bciuto Vallev... 2dwk May]
8,832
5,648
107,324
110,671
South Carolina. A niil
78,380
83,562
443,499
4.53,802
TexosA Pacific. 2.1 wk .Marl
81,127
63,765 1,444,877 1,292,887
Tol. Del. i Hurl. 2d wk .May
15,'<14
327,116
Union Pncllie. .22 dys Mayil,741,000 1,537,000 10,150,787 7,757,354
I'tah Central ... .\pril
130.484
490,981
Vlcki<l>"rKA Mer. April
'35,686
30,716
160,743
Wab.8t. L.&. Pac. 2d wk May 307,266 234,976 5,019,409 4,233,336
Weet Jersey
iMarch
70,103
59,889
176,465
154,983
WtoconMln Cent.JApril
15)j..539
123.763
617,653
402.024
Aln.Ot.Soutlirm ApHl
AtcliTii)).* 8.Ke AprU
Dnlon
Amsrloa
Phianix
Oltr
Trs4«*is»n'i
fultfin
Chemical
Mttrch'nta' Bzoh
aallalln Natlon'l
Bttlchera'AUror.
Msehanlc*' a Tr
Qr«*awtch.
...
Leather Mnn'f'ra
Seventh Ward
.
.
Bute of
.
.
I
U. S. Sub-Treasnry.—The foUowtUij table shows the receipts
and pajinents at the Sab-Trt^asurj in thin city, as well as the
balances in the same, fcr each any of thn past week:
Bnlanees.
May
••
860.921 14
1.159,411 99
'3,111.963 85
1.238.008 45
1.227.924 86
1.051,030 48
23.
24.
25.
26.
Total....
*
Currency,
Coin,
8
$
20.
22
•'
"
"
"
PaymenU.
7.049,032 77
721,663
1,374,197
870,487
813.401
989.887
892,915
60
07
82
73
60
46
$
88,468,514
83,337,302
89.422,009
89,749,212
90,109.571
190,251,231
94
56
47
01
5>'
47
4,094,020
3.990.477
4,161,249
4,238,712
4,136,390
4,153,426
69
99
11
60
98
11
Coins.
—The following are q notations in gold for various coins:
$4 36 3$4 90
3 84 •a 3 88
X X i:.-i. Inuarks. 4 74 a 4 79
X Guil.l.-.^
3 90 -a 4 00
Bpanli liu,;!)loon8.15 53 »15 73
Mex. r)oiililoona..l5 45 a 15 60
BoTerclCTi.j
N«\...;,".iii-.
Ftnosilvi
Fine
r
bars
xolii liars.
D1i.;;h
&
>s
dimes.
15
parrt^i prom.
1 1438'>
—
99<>b3
1
par
— 99\9 par.
— 93 9 — 95
Mexican d.illura.. — gOHA — 90%
Do uucommerc'l. — 88 » — .S9
Engll«h8llrer.... 4 76 -9 4 86
Prus. 8ilv. tlutlen. — 68 9—70
U. 8. trade dollars
99U > — 99^,
U. 8. silver dollani — 99 1^ « par
silver 'n and
Five francs
•«!».
.
Conmeroe
BroadwuT..
..
Mercantile....
Puolflc
Bepubllo
Chatham
People's
North America..
Banorer
[ttIdk
Uetropelltan
....
CItliene'
Nauao
Market
Nicholas
3t.
^hoe & tieuther.
Corn Bzchange..
Continental
Oriental
Marine
Importers'
Park
Wall
k Tr-
Natlon'l
St.
(forth Klver
Bast
KWor
Fourth Nttlional.
Central Nut
Second Natlon'l
Ninth National,
rirst National..
Third National
M. Y. Nnt. Kxch..
Bowery National
N. YorkCounty..
'Jerm'n Americ'n
Chase National..
.
V\1Vn Avenne...
F^xch. ..
German
Grermunla
U.S. Nat
Lincoln Nat
Total..
•
.
To Ou
Tae
81.182.700 ai9,4r)«.90O 88.726.900 82.lB2.dOii 2MB.0d9.ino' 13,720
deTiations trotn retarns of previous
The following
Inc.
Oee.
Inc.
••
t
i
f.l7-<.
1
Oil. IOC
S\>«cie.
t
83,98J.w00
».. .3;6,'JS5.800
IS.. .315.7Sx.800
20.. ,31C,4««,»00
a5,:-;l,IOO
ai.7lil.700
5.\Tili.V00
week are
as follows
Net deposits
Circulation
Dec. 11,331.906
Deo.
17.044
l
are the totals for
%
Apr. 29. ,.310,BS9.100
•
00
i.031. -^00
Z.oans.
18S2.
May
JW
Increaaeil to tl.OUO.OJO.
Loans and discounts
Specie
Leital tenders
weeks
series of
a,
L. Ttndera.
t
19.81S.400
l».i7».000
3t.CI 1.500
a2,192.IS00
DcposttM.
*
897.'J5''.'«0
18.94-i.501
8n.l9-f,73ii
la.rei.BOO
>-7li.H00.11»
1«.7'J7.»KJ
«')7,»40.»4S
aW.OOU.lOO
I8.720.a00
702.SI)5.S»I»
—
Loaiu.
Specie.
L. Ttndert.
Il5.018,;i00
H5.8S 1.400'
148.3.10,000
8.881.100
147.0^8.200
7,4111,100
3.796,100
S.H87.000
3.H92.100
3.711.700
pa.st:
Circulation. Am. OUar*
t
t
30«.67».00O
SOO.lSl.OOO
Boston Banks. The following are the
banks for a series of weeks past
Boston
total* of the
Deposit*.* Ctrciitation. Aqo. Clear
1881.
May
1.
8.
"
15.
—
6,0,)5.800
8.90t,»1J
«),.««.500
31.02 ^.S.X)
31.U7.'*>)
71. '218,007
7a.l.)0,«8I
9i, 119.700
9C.3;>2.B00
80,965.1O'i
30,8rj.4!JU
71.296.6M
75,3«4.«M
07,35.1,100
Includlnif the item " due to other banks."
Philadelphia Banks.— The totals of the
*
Philadelphia banks
are as follows:
1881.
May
••
"
1...
8...
15...
28...
"
...
...
Lonru,
L. Tendtre.
Deposits.
Oircutation,
t
75.0S1.282
TS.lBi.HOI
79.385.971
75.497.119
t
19.274,78^
18.930.286
88,779.807
9.931.307
6.1,771.248
U.-.9J.8a«
9.'*ll.0«l
9.8.^9.333
87.5U.02l
18.116378
18.tilje2
87.537.037
A99. Olea^
*
S0.210.3it
ss.a4a.i88
.vi.sas.ifr
Unlisted Secaritles.—The following are quoted at 38 NewStreet:
Bid. Atked.
Am. Cable Constr. Co.
Am. Railway Imp. Co.
AU.& P.jlk8.,30 p.c.pd
Host. H. dt E., new st'lt
•3m
'a
H
Do
old
Bnfr.N.Y.APiaiu. Bub9.*12
Chlc.Jt Cal. !>.& C.stck 26
Do
pref. stck 77
Continental C'onstr.Co. 52
Central Railway Construit'n Co.(D. L. W.) 102
Den & R. G..W. sub.ex. 92
25
Do stock
Do bonds
78,
Den.A R.O. uul'd cons. 101 >i
Denv. A M. Orleans. . 31
Edison Electric L. Co. 610
Hiid.Rlv. Contract Co. 95
44''8
Intomat. Imi>. Co
lud.Ii. & \V.,Ea8. D.lst 9C>-j
.
Do
5.668.553 28
Includes $l,0JO.O0O gold coin re^oired from Philadelphia Mint.
.N.York.
Amerlcun Kxcb
.
RtetipU.
601
DaU.
Road*.
li
;
:
income bonds 45
7
(ud. Dec. & Hp. com...
Do n.l8..0s.fiind.xl00>9
Mld.RR. of N.J. stock. 14
Do
A bond.s.... 10
Do
B boiidJ.... 5
Bill.
331 N.Y. A Scran ton Cons. X
140
l>8
I
20
38
59"
103
95
29
79
102
50
700
100
5U
100
60
N.J. Southern
1
Oregon Imp. Co.lstex. 92
Do stock
69
Ores.Sh.L.subs.50p.c.ll3^
Do subs. $10,000
bl'kscx-lKU.. 91
Do stock
27
OhloCent. Klv.D. Ists. 59
Do Kiver Incomes. 17"!!
Pensaoola A .\tlautlc. ...
Pitts. & Western
Pullman's P.C.«- ruhts. 4'a
Rio.&AI.&O.Con. subs.
80
80 per cent pai.l
Do exbds. Astck 5*3
Rich. & Dan. ext.sal<«
deb. subs
Do
15
Do
Do
St
Do
Incomes
....
''a
M
58^
15:^
St. Jo. & West. sUick.
10
rex.8t.L.RR.»l>..00pd
Tex. &C0I. Imi>..40 pd «8
70 J^
Tol. Cin. .t 8tD.» income
N. Y.
Do
stock
Cli. .V at.
u
8
22'8
.
L
Do
80 la
Isls.
bonds
53
1%
71%
114
.
32
60
19
89
87
8
9S
1<J8
•
I'*
Prcml im
15
»l"
63
....
stock
11
U. 8. Electric URlit Co. 95
Vloksb. Mcr'u com.st'k 7
pref
Ist.ex J'e,'82,cp 33
90
93
2dmort
15
Mo.lCau..«'re.Y.K.mort. 79
75
.Mnciial Uu'u Tol. ImIs
Do
sKwk.. 20 <«
.V. Y. W. Slinro * Buff.
sub., 30 per cent
Do
90
2dM. st'mp
Jo. ii Paoillo Ist
OS's
Hex. Not. bonds
AtkttU
Selma Rome & D.stock
8%
36"'
....
&
N. Y. prof
North River Const. Co. 83
N. J.
14
'sin
THE CHRONICLE.
602
Jwtrjestmjewts
STATE, C ITl AND COBFOBATION FINANCES
.
The Ihvbstors' Sopplbment contains a complete exhibit of the
SSmAed Debt of States and Cities and of the Stocks and Bonds
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 without extra
charge to ail regular subscribers of the Chboniolb. Single copies
of Railroads
are
f 2 per copy.
sold at
"
ANNUAL REPORTS.
Ctrand Bapids & Indiana.
(For the year ending December 31,
1881.)
Land sales for the year amounted to 46,766 aorea for
Of this 28,560 acres was farming land, sold to 509
$645,954.
persons, bein^ an average of 56 acres to each, at an average
price of $7 84 per acre.
INCOME ACCOtTNT FOR 1881.
Jtesonrces of the Tear.
Net earnings
$582,890
Disposition of Resources.
Interest paid on funded debt
$470,925
Paid proportion of 0. R. & F. W. RR. deficiency
19,859
Suliscriptiou to capital stock G. R. I. &, M. KB., 154
sliares, 5 per cent
770
Increase of floating assets
$271,315
Less increase of floating liabilities
203,950— 02,334—$562,890
CINCINNATI RICHMOND & FOBT WAYNE RAILROAD.
Earnings, Expenses and Net Earnings for Five Tears.
Eaminne.
Expenses.
Net Eamitips.
$286,528
1877
$198,314
$88,214
304,510
215,762
1878
88,747
322,066
239,533
1879
82.532
372.768
284.273
1880
88,494
407,302
275,284
132,017
1881
number of miles operated has been as follows:
Grand Rapids & Indiana, 332'50 Cincinnati Eichmond & Fort
Wayne, 86'36: Allegan & Southeastern, 11-50; Traverse City,
26; Bay View Little Traverse & Mackinaw, 5 36 being a total
The
total
For the Grand Bapids
& Indiana
Bailroad proper the following statement of earnings, expenses and net earnings is made
:
EARNINGS.
1881.
1880.
$1,206,818
$1,028,822
637,692
864,075
^c«
18,430
17,835
22,326
22,326
10,013
19,807
15,224
12,379
20,717
18,788
9,346
8,719
m
and rentals
Kiscellaueous
$1,910,570
$1,692,754
$5,845
$5,098
Earnings per mile of road.
EXPENSES.
$323,437
$284,652
Cond'n transportation
328,602
295,711
Motive power
430,884
Maintenance of way
425,848
136.472
Maintenance of cars
132,672
138,282
77,125
General expenses
Total
$1,377,679
Total
$1,216,009
Inc. or Pee,
Inc.. $177,996
Inc..
73,617
Ino..
595
Deo.
Inc..
Inc..
Inc..
9,793
2,845
1,929
626
Inc.. $247,815
Inc.
$746
Inc..
Inc..
Inc..
Inc..
Inc..
$38,7S5
32,891
25.035
3,799
61,137
Inc.. $161,670
$4,149
Expense per mUe of road.
$3,682
Inc..
$4-6
7099
71-84
Per cent of gross earnings
Deo.
0-85
$562,8*0
Netearnlngs
$476,744
Inc.. $36,145
1,695
Per mile of road
1,435
Inc..
259
EARNINGS, EXPENSES AND NET EARNINGS FOR FIVE TEARS.
-Earnings.
s
Per mile
Amount.
1882.)
following is the revenue account of the half-year's receipts and expenditures compared with those of the correspond
viz. :
ing period,
*^
•
0-89 miles.
Interest
.
The
line increased its siding 4-03 miles, built an extenLake spur of 6-55 miles, and to Long Lake spur of
Freight
Passengers
Express
Mails
Hire of cars
Telegraph
$834,729
$2,132,531
Great Western of Canada.
(For the half-year ending Jan. 31,
—
of 530-25 miles.
The main
$2,987,260
Totals
;
sion to Deer
XXXIV.
[Vol.
^Expenaes.--^
.
Ptr mile
of road.
Amount.
Amount.
$3,304
3,616
4,051
5,098
5.815
$748,361
958.170
912,488
1,216,009
1,377,679
$348,745
Total..$10,733,2.!7
$32,329
$7,669,446
The report says that gross earnings
and net 18-1 per cent, freight earnings
242,4.->8
432.645
476.744
562,890
1881.
£313,04ir
£470,233
WorliiDg expenses, includlag transfers to reserve
funds
Interef^t
on bonds and debenture stocks, leased
and all net revenue charges
line balances,
Balance from the previous half-year.
316,635
315,536
«129,598
£197,50©
99,644
98.794
£29,954
£98,773
847
6,883
£99,619
£36,737
the sum of £9,246,
Surplus
" The surplus of £36,787 is augmented by
being a dividend on the Detroit Grand Haven & Milwaukee
shares held by this company, making a total of £46,033 at the
credit of net revenue account. From this available balance
the directors are enabled to recommend payment of the halfi
year's dividend on the five per cent preference stock, amounting to £12,643, together with a dividend on the ordinary shares
of 2s. per share, free of income tax (being at the rate of 1 per
cent per annum!, which will absorb £30,472, leaving a surplus
of £2,916 to be carried forwar.i to the next half-yearns accounts.
The gross receipts of the past half-year compare with those of
the corresponding period as follows Decrease ia freight and
.-
live stock earnings, £56,606 ; increase in pas.seDger earnings,
£18,077 ; ditto, inails, expres^s freight and sundries, £1,719 ; net
The volume of traffic passing over the main
and branches exhibits a most satisfactory advance over t;he
corresponding half-year, the number of passengers having inof road.
$1,050 creased by 143,993, or 20 per cent, and the t jnnage of freight
730 176,578, or 15 per cent— a large proportion of the latter having
1,303 been derived from traffic interchanged with the Wabash St.
1,435
The diminution in the
1,695 Louis & Pacific Railway Company.
trrosa receipts, amounting to 7M per cent, is, therefore, entirely
$9,228 attributable to reduced rates and fares, caused by the continu-
—Net Earnings.
1877.. $1,097,107
1,200,629
1878..
l,:^45,134
1879..
1,692,754
1880..
1,940,570
1881..
1882.
Gross receipts (main line and branches)
$3,063,780
increased 14 6 per cent
increased 17 3 per cent.
Average revenue per ton per mile was l-522o., which is an
increase of 3-3 per cent.
*'
For 1881 as for 1880 we have embraced under the head of
expenses all expenditures of every kind, including new equipment, new property and all structures. The percentage of
operating expenses has been 70-99— a decrease from previous year
of 0'85 per cent. The cost per passenger per mile was 2-068c.
—a decrease of 0-213c., and per ton of freight per mile l-094c.
—an increase of 0-048c. Deducting the extraordinary expenses
above alluded to, or such as might legitimately be charged to
capital, the proportion of expeasea to earnings would be only
59-81 per cent, the cost per passenger per mile l-842c., and per
ton of freight per mile 0-890c. We paid |25,350 for new engines, $44,541 upon car trusts, for Deer Lake and Round Lake
spurs and extensions to sidings $43,938, and various other items
amounting in all to $217,078." * * «
" General expenses increased $61,157. Of this $10,201 is due
*
to increased taxation and $45,000 to new office bu.lding."
*
"For the Mackinaw extension a corporation has been organized
to build from Bay View, one mile north of Petoskey, to the
Straits, of which the control remains with your company
by
ownership of a majority of stock. The whole line has' been
located and put under contract upon very favorable terms, and
will be finished, ready for summer business, not later than July
" The new liae is about 34 miles in length,
*
«
1st."
and
will be laid with steel.
A mortgage of $500,000 is placed upon
it, and to promote the negotiation of the bonds you
are asked
to give a traffic guaranty of 25 per cent of the earnings you
derive from this extension." * *
" Income bonds issued at the close of year amounted
to
$1,095,000, of which we had exchanged $52,000 during 18'*1.
It is still found to be almost impossible to Ufe the large
sinking
fund for purchase and exchange of the first mortgage bonds.
The interest-bearing bonds now outstanding amount to
$6,905,000, and the whole interest was earned and paid during
the year. The gain upon the year's bu.siness was $£2,964, after
deducting interest on bonds and all expenses. From this
take $19,859 for advances to the Richmond Road, and we
have
a clear net of $63,104 as against a loss In 1880 of $35,235."
decrease, £36,809.
line
ance during the half-year of the contest between the trunk
The loss to this company arising from this contest canlines.
" The
*
*
*
not be estimated at less than £120,000."
average rates received for the carriage of through traffic have
been lower than in any previous corresponding half-year in
the history of the company. The nearest approach to the
present state of things is to be found in the half-year ended
•Jan. 31, 1877, when the gross receipts amounted to 48. 9d. per
train mile, whereas in the past half-year they have amounted
to 4s.
8Md."
Northern of New Hampshire.
tJie year ending March 31, 1882.)
The following is from the report of the Northern Railroad of
New Hampshire for the year ended March 31, 1882
(For
:
The balance of Income per last report was
The earniniirs for the year endlni; March
1881-8-'.
1880-81.
$144,783
$143,087
$528,401
$371,210
9,4o6
25,003
$500,016
$353,987
23,233
20,553
$405,674
$122,729
48,720
14,174
$397,793
$102,223
78,661
$185,924
$ld0,834
$324,571
179,838
31,
aro as follows, viz:
Gross income
Expenses
State tax
Now rails
Neteaminus
Balance of interest account
Premium on C. &C. bonds
Available revenues
Paid dividend of 6 per cent
$330,6,'53
179,83'i
$144,733
$150,820
" A comparison of the business for the past year with that of
the former year shows an increase in both the gross receipts
and in the amount of expenses. The net income is, howIn
ever, nearly the same as that of the previous year.
Balance
'
view of the continued competition and consequent lower rates
on Western business duiirig the year, this result should, p_e^
haps, be considered as satisfactory. There has been carried
into income account the sum of $14,474, heretofore received
from premiums on bonds of the Concord & Claremont Railroad,
which amount had not been included in the income account.
1
.
Hat
TBE
37,1888.1
CHRONl(;j,E,
603
On aeeonnt of
In conformity with the iinjrgMtion to thn report of iMt yetr,
thn ootire traclc between Concord tnd White Rirar Jonotion
has been laid with steel r»ila. and th« oo«t thereof, less the
proportion for thi.t year, oharired to improvement account, as
will be seen in the balance-sheet herein.
It in proposed to
charge off a proportion uf this amoont annuallr until the
whole amount lias been paid from expenses. Kelations with
oonneetinff roads continue friendly. A contract has been
Noataua Anton A BoatonlBR
Iniprovenient« aiConoord
,,,
Kessrvod lor ImprovemenU, eto
„
$110,000
..,
20000
88,000- $320,M*
r,eKvlnr a lialanoe of
Frem wbloh two dividends of
{.caving
The
amount
report says
$IB0
per oeoteaob have twen
paid'.'.
3M
15o',000
carried to oontlogent fund
$390
"At
the laat aenion of the Legislatnre of
executed during the year with the Central Vermont Bailroad, New Hampshire, a law was passed authorizing a saleoftho
which it is hiiped will prore mutually advantageoas." • » • Manchester iSc Keene Railroad bv auction, and ite purchase br
"The Legislature at ita huit seasion passed an act to authorize other railroads. It was deemed advisable for the CVmcord R^the union of the Concord A Claremont (N, H.) lUilroad with road Corporation to have an interest in said road, and it haa
therefore purchased one-half of the propertyand franchise, the
this corporation.
It is recommended that said act be accepted,
and that the stockholders authorize the directors to agree remaining interest having been purchaseel by the Roeton k
apon thu terms, conditions and guarantees of such union. The Lowell liailroad Company. The contracts for the business of
Indebtedness of the corporation remains as it was last year, this corporation over the Ronton & Lowell Railroad and the
consisting of coupon notes amounting to $177,000, and the Nashua & Lowell Railroad expired the past year." • • • "A
(rnarantee bv this corporation of the bonds of the Concord & new contract was entered into between the companies, under
Claremont (N. H.) Railroad to the amonnt of |299,50O in addi- date of August 19, 1881. The Supreme Court of New Hamption to those owned by it. It also continues to purchase the shire having pronounced an opinion against the perfonnaoce of
emi-annual iiitertwt coupons on flOO.OCO of bonds of the the contract, because it was the formation of a partnership,"
*
*
Peterboro & Uillsboro liH., amounting to $15,500 per annum."
"it has been abrogated and annulled, and a busineas
arrangement has been made,"
*
"ooramencing May
BALANCB SniBT.
1, 1882, to continue until Seotember 1, 1886, and this corporaVr.
Or.
tion
accepts
40
per
cent
of
the
gross
OonstmoUon
income
nnder said Dasi93,069,400 Stock
,
93,06fl,4C0
Ball*
l(!.5s:i
Income
150,820 ness connection as its proportion thereof."
WL
Contingent
2,001
fund
1,175,143
23» Hills payable
177,000
l,8t>6 Bonds duo April 1, 1874
100
32.245 UlvKends unpaid
8.194
•hop stock
Sti,88B Coujpons unpaid
819
Improvompnt noouunt.
80,000 Dividend June 1, 1882.
80,919
Bnffalo Pittsbnrg: & Western.—The following is a comTil abarcsNortkeruBR
37.70S
parative statement of the business, including the Oil City &
Cull.
59,833
Total
$4,670,096
Chicago Branch, for the four months ending April 30, as comsaperlnter.d't's depart..
9,326
suit reoclvable
1,050,667
pared with the same period in the preceding year, the mileage
Oouooid A Clare. ilR...
254,245
being the same in both years:
:
GENERAL INVESTMENT NEWS.
Total
Oross SeceipU.
$4,670,096
Four months, 1882. ...$241,087
Four months, 1881 . . 193,091
Manchester & Lawrence.
(For the year ending March 31,
.
1882.)
directors' report says that the expenditures made on the
voad-bed, tracks, rolling stock and fixtures have kept the road
The
.
Inorease
Decrease
.
Exptntt*.
Set Profilt.
$113,107
143,903
$127,980
49,188
$47,996
$78,702
$30,796
The total interest aeeonnt of the company Con all the divisional
4Uid properly of the corporation, as a whole, in good repair bonds, on all the general mortgage bonds issued to build the
and
suitable condition for the efficient transaction of its busi- extensions to Buffalo and to Salamanca, and also on the bonds
issued to purchase the New Castle & Franklin Railroad) is
aess.
" The arrangements with the Concord Railroad, which were 1479,240 per annum, or $39,936 per month. The above net
ta progress at the date of the la.st report, and by which it was earnings are $31,995 per month, and were earned on the old
Jkop'>d that all the unsettled mxtters with that corporation road entirely; none of the extensions being in operation until
would be adjusted on a satisfactory basis, have not been May 17, when the eighteen miles from Irvineton to Kinzua were
brought to a Hoal settlement, nor have the respective rights of opened.
the two corporations in the Manchester & North Weare RailCentral of New Jersey.— Chancellor Runyon, at Trenton,
road, or in the stock of the latter corporation, been clearly filed his decision in the matter of the application for an
order
defined. The.se negotiations are still pending, and although directing that an election be held for the choice of
directors of
the settlement has been delayed, the directors have no doubt the New Jersey Central Railroad. The Chancellor says that
that they will be finally determined in a manner that will leave the court is required to operate the road, with its
$50,000,000
no substantial cause of difference between the two corpora- worth of property and franchises, with a view to making it
as
tions."
productive as possible. It is proper that the directors should
EABSDiGS AKD BXPEXSEI.
represent the stockholders, and should have an opportunity to
Ewminat—
1881-82.
1880-81. select their agents.
If the court deems it advisable to turn the
liocal passengers
$49,472
property over to the stockholders, it must be through the hands
TlirouKh passengers
2o,180
of
the
board,
and
this
must be made up of representative
Local freti^ht
27,518
ThroDgb frolgtit
directors.
No election has been held since 1876, and one sbonld
20,597
genta
132
be held without unnecessary delay. The election will be held
ExpreM
6,095
80 as to conform as nearly as may be to the by-laws.
Maila
3.453
Pursuant to the order of the Chancellor, at the meeting of
Mlaci'llanenua
3,604
Concord KK. on acoount for six months ending
directors the election was fixed for June 23. In accordance with
8opt. 30, 1881
51,049
the charter of the company and the order of the Chancellor,
Ooncord KR. on account for six moutba ending
the transfer books were ordered closed on June 2. They will
MiircU 31, 1882
17,742
be reopened three days after the election.
m
l^j.pon8ea
$199,848
89,648
$185,641
85.201
Not earnings
''-cm whioh dividends hare
$100,199
100,000
$100,440
100,000
$199
$440
l>een paid
Leaving a balance Of
Concord Railroad.
{For the year ending March 31, 1882.)
The receipts and expenditures daring the year were as
fol-
lows:
RECKIPTS AHD BXPBniS.
From local passengers
Prom throui.'b passengers
From lornl freight
From through freight
From rents
From exiirogs
From niiiila
FromiiM raiUmld
From miacellaneous receipts
Total groBS receipts
_
Xxpcndi turcs
Balance, net earnings
1P81-2.
1880-81.
$338,030
10ii,8T5
,
399,733
299,5,')3'i
$328,890
596,394
12,00.^
18,107
11,721
48,455
29,936
29,715
$1,258,419
787,21
$955,000
502,391
$471,208
$362,603
IHCOMB ACOODHT, 1881-82.
Ket earnings as above
Pavmenlg —
Taxes on capital Block
Manchpntor A I.nwrpnceRR
Kent of Uonconl * Portsmoutn RB
Bent of SuncuoE Vsllojr RR
Bent of Nashua Act jn & Bosten BR
$471,206
$37,905
68,701
2.'>,000
10,211
11,000
Chicago & Atlantic— On this line of road, which forms the
new Erie and New York Pennsylvania & Ohio connection from
Marion, O., to Chicago, the track-laying began on the 17th.
is a gang of seventj-flve men, and they lay rails by the
new process, by which one mile of road is completed everyday.
They have 20,000 tons of steel rails at Rochester, Ind.
Chicago & Northwestern.- A dispatch from Milwaukee
reports that the Chicago & Northwestern oflScials are in receipt
of a circular announcing the opening of the Crystal Falls
extension to Crystal Falls, a point situated sixteen miles northwest of Florence. Wis. An accompanying circular gives the
rates between Milwaukee and points on the line. The land
sales in Dakota and Iowa are steadily increasing, and reports
received in_ the course of the last few days at the Milwaukee
land agencies state that a wealthy class of immigrants are
settling in Central and Southern Dakota, and that fully $500,000 worth of land has been sold in the latter State during April.
CInclnnnti HnmlUon & Dayton.— President Jewett was not
in Cincinnati Saturday to receive the twenty thonsand shares of
stock of the Cincinnati Hamilton & Dayton, for which he contracted with the trustees of the Cincinnati pool. The stock was
delivered, however, according to contract. The delivery was
made by the trustees mailing the certificates for the stock to
Mr. Jewett's address in New York, which fully complies with
all the terms of the contract.
Cincinnati Indianapolis St. Lonis ft Chicago.—At a
meeting of the board of directors in Cincinnati last week, it
was resolved to issne additional stock to the amonnt of
$1,000,000, for the pnrpose of bnying additional equipment and
building new stations and elevators. The resolution will be
snbmitted to the stockholders at a meeting to be held nesfc
There
month.
1
THE CHRONICLE.
60
[Vol.
XXXIV.
& St. Louis controls by
Columbus Chicago & Indiana Central.— Bondholders of to Terre Haute. But the Indianapolis
company met in the Union Trust Company's building and long lease the St. Louis Alton & Terre Haute, and the party
securing the former necessarily secures the latter.
ratified the agreement prepared by the company, consisting of
Lehigh Coal St NaTigation Company.— The Philadelphia
William L. Scott, Charles J. Osborn and William B. Dinsmore,
by the terms of which the consolidated mortgage is to be fore- North American reports of this company: "The diviaend
closed and the road reorganized according to the plan published meeting of the directors of this company took pla«e yesterday,
a short time ago. The Times reports: " Bonds to the amount of and they authorized the payment to the stockholders of tne
this
89,271.000 were voted in the affirmative, and bonds to the
amount of $2,688,000 were not voted at all. Among those
voting in the aflirmative and the amounts were: C. J. Osborn &
Co &,73S,onO ; Work. Strong & Co., $100.000 Eames & Moore,
J. P. Dickinson, $96,000 ; A. V. Marcold. $50,000 ;
«l6'o 000
Bouvier & Amory, $50,000, and Whitehouse & Co., $31,000. A
two-thirds vote was required to confirm the agreement, and
over a three-fourths vote was secured. The agreement had
been accepted by the Pittsburg Cincinnati & St. Louis Railway
Company, the party of the second part in the arrangement,
which leases and operates the road, and by the Pennsylvania
Company, the party of the third part, which guaranteed the
lease when made. The new company will be formed with a
capital of $10,000,003 in common stock and 120,000,000 in preferred stock. First mortgage bonds for $22,000,000, payable at
the end of 50 years in gold coin at the rate of 5 per cent per
annum will be issued. Of these bonds, $12,878,000 will be issued
in exchange for old bonds and receipts, $5,500,000 will be reserved to provide means for paying underlying sectional bonds
as they become due, and the remaining $3,622,000 will be used
to raise money for neces.sary improvements. The committee
was directed to complete the arrangement at once."
second distribution of profits since their resumption after the
interval of depression which followed the panic of 1873, at
the semi-annual rate of 2 per cent. It is quite well understood now among the friends of the management that they desire to make the stock a desirable permanent investment, and
to maintain the dividend rate of 4 per cent per annum unchanged until it can be increased. Some of the more sanguine
friends of the company think this increase may be made in the
fall of the present year, or at the next dividend period.
There
is no good reason, however, to anticipate such action at present.
The Lehigh Navigation management makes no bones of the
fact that it intends to be as conservative under Mr. Harris
under Mr. Clark, and to keep its dividend rate down to
the level up to which it can maintain it in bad times as
well as in good, by a moderate reduction of expenses. That
a four per cent rate can be maintained by conservative management of a company so situated was proved by the history of the
the Lehigh Valley during the years of depression alluded to,
and the Lehigh Navigation's condition and prospects are fully
equal to what the Lehigh Valley enjoyed then. With 385i as
the market value of Lehigh Navigation and 60% as that of the
Lehigh Valley, the former is now paying 5-21 per cent on its
Denver & New Orleans. A dispatch to the Olobe-Demo- purchase price, while the latter Is only paying 4' 1 per cent.
" The Denver & New Orleans Railroad, of which The Lehign Navigation has done a larger and more profitable
crat says
ex-Governor John Evans is President, will consist of three business up to date than at this time last year, notwithstanding
The first, connecting Denver and Pueblo, is now in the depression of the anthracite trade. The balance remaining
divisions.
operation. The second division, extending from the Raton to the credit of the dividend fund at the end of 1881, after th«
Mountains, is partly graded, and will be under rail before the payment of the December dividend, was $471,445 20, which
end of the year. The third division, extending from the Raton included the sum of $206,567 set apart for the dividend just
Mountains to the Canadian River, is under contract, and will be declared. The total has been increased to about $490,000 since
completed by the end of 1883. At the Canadian River, connec- January 1, so that there is now in the coratn ly's treasury
tion will be made with the allied road called the Fort Worth & $284,000 applicable to the meit dividend in Dt-c -i r>er, with all
Denver. The first division connecting the two chief valley the most profitable months of the coal trade to h m- from. The
net earnings from the coal trade are all .ipplicable to
cities of Colorado has been built since last fall in the face of Lehigh's
energetic opposition by the Denver & Rio Grande Railway the surplus and to the dividend fund, the 33 per cent rental of
the gross receipts of the Lehigh and Susquehanna Railroad
which is parelleled by the new enterprise."
sufficing to pay all fixed charges."
Fort Madison & Northwestern. The Omnium Securities
Louisville Evansville & St. Lonis.— The directory of this
Company of London advertised May 13 for subscriptions for
$500,000 of this company's first mortgage 7 per cent sinking company, owned largely in Boston, has just been reorganized.
fund gold bonds at £210 (105) per §1,000 bond. The advertise- President John Goldthwaite retires, and Col. Jonas H. French
ment says these bonds are the unissued portion of the §700,000 succeeds him. The full directory is Jonas H. French, John
Goldthwaite, H. C. Nutt, W. B. Strong, James H. Wilson, I. T.
first mortgage bonds, and are at the rate of §7,000 per mile,
that between 40 and 50 miles of the road are now completed, Burr, H. D. Hyde, Charles J. Paine, William T. Hart, T. B.
mainly by share capital and local contributions, and that the White, all of Boston ; William Heilman, of Evansville, Ind.;
W. F. Nesbit, of Evansville, and George 15. Buchanan, of Louisportion now operated is producing satisfactory results.
Col. French and Manager Snyder will inspect the road
ville.
Fort Worth & Denver City. The charter of this company
next week with special reference to providing terminal facilities
designates the route to be from a point of junction with the
at Louisville and Evansville. The road is under construction
Missouri Pacific and Texas & Pacific roads at Fort Worth,
between Evansville & St. Louis, and was formerly knowa as the
Texas, thence in northwesterly direction on the most practicable
Louisville New Albany & St. Louis Air Line.
route through the State of Texas, in the direction of Denver
Memphis City Debt. In the United States Court at MemThe line of road is located through the
City, Colorado.
counties of Tarrant, Wise, Montague, Clay, Wichita and Wil- phis, Tenn., Judge Hammond decided on Saturday in two cases
barger, in a northwesterly direction to the "boundary line of the that the "taxing district" is the successor of the old city, and
State of Texas. There are already completed and
operation this makes the present city government of Memphis liable for
40 of the 350 miles of road. This, with its depot grounds, etc., the old debts.
right of way for 100 miles, and franchise, constitute its assets.
Mexican^ National.— Mr. W. W. Nevin, Secretary of the
The liabilities consist of $800,000 first mortgage construction Mexican National Construction Company, reports that the
bonds, maturing in 1921, interest 6 per cent, payable June and 13,000,000 additional subscription to the Mexican National CouDecember ; $800,000 of stock; and $800,000 first mortgage bonds, strnction Company closed to-day. This completes the lines of
maturing in 1921, interest 6 per cent, payable June and Decem- the road respectively to Monterey, Celaya and Morelia on the
ber, the authorized issue of which is not to exceed $25,000 per main divisions now building.
Completion to these points gives
mile. The stock and first mortgage bonds have been placed the system a mileage of 729 miles of track. Monterey will be
on the free list of the New York Stock Exchange.
reached Sept. 1, and the other points in October.
Great Western— Grand Trunk (Canada.)— No further details
Mutual Union Telegraph. By an instrument filed for rehave been received relative to the proposed fusion of the cord in the Register's oflice this week, it was shown that at a
Grand Trunk and Great Western roads. At a stockholders' meeting of the stockholders of the Mutual Fnion Telegraph
meeting 6f the latter, the offer of the former to lease it for a Company, held a year ago, in May, 1881, the directors were emnumber of years on payment of all the fixed charges and 3 per powered to borrow $5,000,000 for the purpose of extending the
cent on the preferred and common stock was formally accepted lines of the company. The instrument gave to the Central
Before the lease can go into effect it must be formally ratified Trust Company a first mortgage on all property of every
by the stockholders of the Grand Trunk, and the sanction of description belonging to the Mutual Union Company. as security
the Canadian Parliament to the arrangement be maintained for the payment of 5,009 6 per cent bonds, aggregating $5,000,Against the proposed fusion a powerful opposition has already 000, or $1,000 each, which will come due 1911.
sprung up in Western Canada, and the hostility in Parliament
New Haven Middletown & Willimantic. Notice is given
to the scheme is quite marked.
It is believed here that if Van- to holders of the old first mortgage 7 per cent bonds of the
derbilt can prevent it, the Grank Trunk will never have the con- New Haven Middletown
& Willimantic Railroad Company,
trol of the Great Western.— CAtca^^o Tribune.
that after July 1, 1882, no dividend will be paid on any preIndiaiiapoli*/* St. lonis.— General J. H. Devereaux has ferred stock of this company except such as have been or may
been appomted receiver of the Indianapolis & St. Louis Road be declared and made payable after the issue of said stock.
by Judge Gresham at Indianapolis.
The press dispatches The old first mortgage 7 per cent bonds of the New Haven
lepoTt that the order of appointment was made as of May 19, Middletown & Willimantic Railroad Company may be eonand the decree for the sale of the road was entered as of May verted into preferred stock, on or before July, 1, 1882.
As has been stated, the decree is entered, and the sale
22.
New Railroad Construction.—The Railroad' Gazette condemanded in satisfaction of the second and third mortgages tains information of theliyingof track on new railroals, as
amounting to §1,500,000, and is subject to the first mortgage of follows:
$2,000,000. The road already being in control of the Bee line.
Northern Pacific. Extended westward 22 miles to Gray's
^''|u •)• H. Devereux President, no changes in the management
Bluff, Montana.
The Pend d'Oreille division is extended eastvvill follow by reason of hi? appointment
as receiver, except the ward 20 miles from Pend d'Oreille to Pack River.
changes of title, as required by the formalities of law
The
New York Chicago & St. Louis. Extended from near Vermilnext move in order will be the snle of the road, which the
lion, O., east 31^ miles to Rocky River, from Brocton west to
decreij p-ovides shall be made in 50 days from
the date of entry, meet the line from Cleveland, and from the eastern end of the
ihe road to be sold, the Indianapolis a St. Louis proper, is but
Brocton section east to Irving, N. Y., 41 miles, making 73^
8jventy-three miles in length, and extends from Indianapolis
miles in all.
;
;
—
:
—
—
—
m
—
—
—
—
•
.
:
|Mat
I
THE CHRONICLE.
37. isse.]
605
Ort-KOD Kailwny 4 N»Tig»tion Co.—-The B«ker Citv branch in
fxteudt<d rant by oouth to the flrot cKiaaiiig of the IJmatilta, 18
into the repablio of Mexico free of datf, thus mAt«rialljr
reducing the cost of the road below the oo«t of similar roads in
the United States.
inilfa.
A thorongh Maminatioa of the Hoe for its commercial
Slonr Clove A Catuklll Monntatn.— Kitend<>d from Stony
advantages and the revenue it will receive, demonstrates. the
Clove, N.Y., north to Tannernvill*- Junction, 2 milt>i».
Valley, of Oliiii.— Kxtfoded Routhward to Sparta, ()., R roiltui. fact that it runs throagb a portion of Mexico that locally must
Tbiii in a total of 137^ mileii of new railroad, makioK 2,!)t)l milea give it a large business.
It skirts the Sierra Madre range at
thus far this year, affainnt 1.886 miles reported at the corre- an elevation of 1,600 feet above the lerel of the sea, taking in a
sponding; time in 1881, l,r>02 luileH in 1880, 670 mlleH in 1870,385 oonntry that abounds iu valuable woods and all tropi'^al
products, and posses through the centre of the best producing
miles in 187s, and 393 miles iu 1877New York City A Northeni.— A temporary receiver for mineral State of the republic, and being from 100 to 400 miles
the New York City & Northern Railroad Company was ap- shorter in distance from the City of Mexico to al! points in the
pointed yesterday by Jadpe Donohue, in Supreme Court United States east of Colorado, gives it a great advantage for
Chamberx. The suit in which this proceeding took place is through business over all other roads, and under its contract
brought bv the New York Loan & Improvement Company. It It has the active and interested support of the entire Southwest
system of roads, covering over 9,000 miles of prodaetive rail*
is based upon a judgment for #93,934 74 obtained on Tuesday
The receiver appointed for the road lines, reaching all the commercial centres west of Lake
last in the .Supreme Court.
defendant corporation is Mr. Arthur Leary, the well-known Krie.
bankero;
this citv.
Y'ork City & Northern Railroad Company was
organized to act in conjunction with the Manhattan Railway
Company. Its road connects with the Elevated Railroad at
High Bridge', and runs thence to Brewster's Station, in Westchester County. It also has a branch road now building to
Yonkers. On February ti last, being in need of money, it procured a call loan of f«,698 38 from the New York Loan &
Improvement Company. This loan was followed by others of
the amounts and in the order named hereafter: February 16,
fl0..'.O0; March 3. $19,897 46; March 18, f 22,840 46; April 11.
?2,000; April 15. f 15,000; April 21,115,009 59. The aggregate
The New
these sums is $91,925 S9, which amount it wa-s agreed
etween the two corporations should be paid, with interest,
upon demand. When the New Y'ork Loan & Improvement
Company requested the repayment of the money it was
refused. A suit for the recovery of the loans was then begun.
The defendant corporation put in an answer to the complaint,
but as it was not accompanied by an order for the trial of the
issues, in accordance with section 1778 of the Code, it was
returned, and on Tuesday l».st, tw-n'y d.iys after the service of
the summons and complaint, a judgment for the full amount
claimed was taken by the plaintiff corporation, as if through
the default of the defendant. * * * Judge Donohue made
an order appointing Mr. Arthur Leary temporary receiver of
the property of the railroad com pan v, with all the powers of a
permanent receiver, and directing him to pay the arrears of
wages of the servants of the defendant company and bills for
supplies, not exceeding $25,000. He also directed Mr. Leary to
cive a bond for $.')0,000, with two sureties. The selection of
I
Sir. Leary was agreed upon by both parties to the suit.
iV. Y.
f
—
Times,
May
25, 1882.
,
Jannary ....
Fubniary ...
.Miircb
April
Total
ALL LIKES EAST OF PrTTSBURO AND ERIE.
Orou Eamingi.-Ifet £amingi.1891.
$3,189,215
3.095,611
3.344,304
1881.
1882.
?3.373..321
91 .200.861
3,306.750
91,074.266
1.079.621
1,415.802
1,319.311
$1,889,000
3.760,37-i
3,355,890
1,158,104
1,799,226
1,053,810
$13,889,505
$14,148,214
$5,820,001
3,!)12,293
to the lines west of Pittsburg and Krie, the monthly
reports issued in 1881 and for the current year show the results
below. The company's report, however, states a loss this year
again.st the year 1881 of *1,467,298.
As
,
ALL UNi:S WEST OF PITTSBDKO * EJUS.
Net Sur]>liu over all LiabitUies.
Inc. or Dec. in
188''
1881
1882
$9,741
Dec. $371,798
SSsL-WO
143,197 Def. 121,307
Dec..
261,801
411.001
36,532
Dec..
405,369
496,764
17,017
Doc.
479.717
January
February
March
April
Nettotal
$1,463,701
Dcf. $57,987
Dec. $1,521,688
—
The gross receipts from the
Ss Rending.
canals, steam colliers and coal barges in April
were $1,709,712 and the net receipts $680,073; for the fiscal year
since Nov. 30, 1881, the gross receipts were $7,964,185 and the
net receipts $3,151,219 The gross receipts of the Philadelphia
& Reading Coal & Iron Co. in April were $989,994 and net
$28,230; since Nov. 30 gross receipts, $5,175,386; net, $235,645.
The total receipts of both companies together for each month
of the fiscal year have been as follows :
Philadelphia
railroads,
New York PennsylTanla & Ohio.—At Cleveland, 0., May 17
iames McHenry against the New York Pennsj^lvania & Ohio
Railroad, applied for an injunction to restrain the further
issne of bonds on account of interest due Jan. 1 on the first
mortgage. The first issue of first-mortgage bonds made by
the trustees has been added to by the regular semi-annual
redemption of deferred warrants. There still remain deferred
warrants, in main part issued for the whole of the coupons
due Jan. 1. 1882, amounting to $1,479,565, which are subject
This capitalization of
to exchange for first mortl-age bonds.
the deferred warrants is in accordance with the scheme of reorganization. Judge Williams, on Saturday, refused the injunction asked for on behalf of McHenry.
Groaa Reeeiptt.
1880-81.
1881-82.
.
December . .
January
Fel)ruary
MarcU
April
....
.
/
-Ve< Beceiptt.
.
1880-81.
1881-82.
$3,231,677
2.451.166
2,169,005
2.587,720
2,699,706
$510,156
$937,542
811,435,090 $13,139,.571
$3,023,375
$2,237,045
2,153,378
2,140,053
2,52,'., 1 03
2.382,506
5.51.769
631.103
716.709
580,039
646.91 3
438,65 6
659,44 g
708,304
Company.—General
G. M. Dodge,
President of the Oriental Construction Company, has issued the
following circular
The Oriental Construction Company has been organized for
the purpose of building an extension of the Sfjuthwest system
of railroads from Laredo to the City of Mexico (about 600
miles), and has a capital of $10,000,000, $7,000,000 of which has
been taken by parties interested in the Sijuthwest system.
Three million dollars of this stock has been reserved for the
purpose of allowing further subscriptions in the same interest.
The Oriental Con.struction Comjany has a contract with
the Mexican Oriental Interoceanic & International Railroad
Company for the construction of their line from New Laredo
to the City of Mexico, for which it receives $20,000 per
mile in first mortgage bonds of the company. $20,000 in stock
and ^,000 in subsidies from the Mexican Government. The
interest upon the bonds is secured by a traffic arrangement oa
the roads of the entire Southwest system, bv which 25 per cent
of the procf eds of all trafllc to or from the said road is paid
into the Mercantile Trust Company to m*et the interest upon
them, provided the load itself should not earn snfilcient during
Said traffic agreement is
its construction lo meet this interest.
to continue until the road earns interest upon its bonds and 2
per cent upon iis capital stock for five consecutive years. The
eompaiy has spent more than a year in close examination of the line of the road, and it now has its surveys ira-Kully completed from New Laredo to the City
miles
of the line are over
b'ivt! hundred
of Mexi o
a con.p natively level country, in which the grades do not
of
the work is about the
exceed i per cent, and the character
same an that of the roads which have been lately constructed
in the State f Tex.is.
A very fea.sible line has been found
risii g to the tal.Ie lands of the Citv of Mexico, the rise being
made in sixty miles of distance, and whatever this sixty miles
costs in excess of the cost of the w.rk upon the plains is to be
repaid to the Construction Company. All iron, steel and other
material, including equipment of all kinds for the construction
and maintaining of the road used by the company, is admitted
Oriental Coiistrnctlon
Penngylrania Railroad.—The gross and net earnings in
April, and from January 1 to May 1 in 1881 and 1882,
are specially compiled for the Chroniclb in the table below.
In April, 1882, tnere was an increase of $95,478 in gross
earnings and a decrease of $336,499 in net earnings. For tba
four months there was an increase iu 1882 of $558,711 in gto&S,
and a decrea.se of $931,000 in net, earnings.
Total
$3,386,864,
coal tonnage has been as follow.s, viz.: Carried on the
railroad in April, 628,806 tons, against 576,031 tons in April,
1881; and for five months, 2,958,364 tons in 18S1-S2, against
The total mined by the Coal & Iron
2,7.59,981 tons in 1880-81.
Co. and by tenants was 402,984 tons in April, against 372,773 in
April, 1881; and for the five months, 1,919,360 tons, against
1,742,796 tons in 1880-Sl.
The
Standard Coal
&
Iron Company.—The Standard Coal
&
Iron Company, which controls something like 30,000 acres of
valuable mineral land in the Hocking Valley region, in Ohio,
has completed its organization by the election of directors, an d
the officers of the company are as follows: President, Gen.
Samuel Thomas; First VMce-President and General Manager, W.
D. Lee; Second Vice-President and Treasurer, Oliver Ames;
Third Vice-President and Secretary, J. H. Brooks; As.sistant
Treasurer, George Chapman. The company, which is formed
by the consolidation and purchase of several of the Hocking
Valley interests, has a capital of $26,000,000, and promises to
be one of the largest coal and iron companies in this conntrv.
Its chief purchase has been the property of the StraitsTille
For
C.-al * Iron Company, which has a capital of $1,500,000.
this stock, which in the past has paid dividends at the late of 1
l>er cent a month, the Standard Company will issue share for
share of its own stock. It has also purcuaMed the Hocking &
Buchtel properties, as well as that of the Akron Iron <"< mpany
of Cincinnati, paying for the last-named $625,000. 'Ihe property of the Straitsville Company consisted ot 645 acres of
valuable land, a first-class blast furnace in active operation, and
a colliery with a dailv capacity of over 1,000 tons. The standard Company already controls seven of the fourteen furnaces
located in the valley, all of which are in active operation.
The transfer of the several properties named will be mad «
within the next thirty days, when the stock of the consolidate d
company will be placed on the New York Stock Exchange list.
Y. Stockholder.
—K
;
.
THE CHRONICLE.
606
I
xxxrv.
Vox-
COTTON.
May
Fbidat. p. M..
COMMERCIAL EPITOME.
Friday Nioht, May
26, 1882.
The weather has much improved the past week; yet snow has
fallen ia Bome sections, and ia the Northwest frosts have
injured early vegetables and some fruits. There are serious
Jloods in the western tributaries of the Mississippi River flowing
through Arkansas, which are damaging crops to some extent.
as indicated by our telegrams
from the Stmth to-night, is given below. For the week ending
this evening (May 26), the total receipts have reached 13,981
bales, against 20,864 bales last week. 25.881 bales the previous
week and 34,423 bales three weeks since; making the total
receipts since the 1st of September, 1881. 4,533,846 bales, against
5,530,131 bales for the same period of 1880-81, showing a decreaw
since September 1, 1881, of 996,285 bales.
Receipts
at—
at
trade " as the season advances.
Provisions have latterly been easier. The speculative interest
lias fallen oiT, and certainly the export demands are light.
To-
day old mess pork declined to f 19@$19 25; new, $20 20@$20 25;
July options quoted $20 10@$20 20; August, $20 15@$20 25.
Sacon is higher at ll%c. for long clear. Beof very strong;
extra mess, $15 50; city extra mess, $29@f30. Beef hams held
at t20@$26 50. Lard was lower to-day, except for May conwhich are
prime Western mess sold at
ll'75c.; May options, H-70@ll"80c.; June and July, 11'65@
H-70C.; August, ll-75@ll-77?^c.; September, 11 77?^@ll-8Cc.;
tracts,
still
controlled;
seller the year, ll-52%@ll-50c.; refined to the Continent, ll-75c.
Butter continues to decline and
at 9@llc. for
medium
is dull.
Cheese remains steady
to fine State factory; full cream,
Tallow moderately active and firm at 8%c.
ll^c.
quiet at
12^@12^c.
120
212
140
534
135
843
60
287
147
3
41
393
406
142
42
83
27
283
69
139
11
6
51
5
1
77
138
378
141
215
261
360
307
221
for fair to
.
.
Seeeipts since
Balea since
May
Stock May
Sioolt
,.
Hay
May 1
24, 1882
2a, 18ijl
good
Wilmington
Moreli'd C.,&c
Norfolk
CityPoint,&c.
New York
Boston
Baltimore
PWladelp'a, Ac.
1
Shds.
78,902
59,676
52,i63
53.513
Boxet.
Bags.
6.218
6,844
38H.,'519
Mtlado.
1JH,029
740
141091
740
80
294
1,012,170
Befined has been fairly active and about steady ; powdered
dosed at 10%c., granulated at 95^o. and crushed at 10^@10%c.
Kentucky tobacco has been very dull; sales for the week are
only 300 hhds., of which 230 for export. Prices are nominally
aa last quoted. Seed leaf has been only moderately active,
with prices barely steady. Sales for the week are 1,439 cases, as
follows:
350 cases 1880 crop Pennsylvania fillers 6@G>^c. and
wrappers 16@30c ; 150 cases 1880 crop New England wrappers
13^@30c.; 139 cases 1881 crop New England private terms; 300
cases 1881 crop Illinois private terms and 500 cases 1880 crop
Ohio 6@9c. Havana fillers are only in moderate demand; saks
400 bales at 88c.@$l 20.
Naval Stores
lia7e shown considerable irregularity of late.
strained rosin is quoted at $2 30; spirits turpentine was
Bold at 45c ; refined petroleum for export has declined to 7Mc.;
crude certificates dropped to 63Mc., closing at 63J^a64c.; June
options W%c.; July 66^o.; August 68Mc.; September 71c.
Good
Ingot copper steady at 18@18iic. for Lake; sales, 500,000 lbs
and 200,000 lbs Baltimore at 17M@18e. Hops firm and quiet.
Wool
in better
demand and
steady.
was taken
to
Liverpoel by steam to-day gratis
bacon 5s. and
cotton, 3-32@Ji@3-16d. grain to
;
cheese lOs.; fiour, 23. 6d.;
;
London, by steam, 2d.; flour, 73. 6d.; bacon, 12s. 6d.@15s.;
cheese, 153.@17.«!. 6d.; grain to Hnll, by steam, %@ld.; do.
to
Antwerp, by steam, 2d.; crude petroleum to Marseilles, Ss.
Teflned do. to Bremen, 23. 6d.; do. to Hamburg, 23. 7?^d.; cotton
to Cork for orders, etc., 7-32d.; refined petroleum
to the Baltic,
SB. 3d., .3d. off if direct.
1,254
42:
2,858
809
11
X.33S
125
115
139
529
666
40
276
48
654
115
145
120
5
120
490
598
81
293
1,605
598
897
2,037
96
197
454
120
123
220
98
1,210
1,727
2.914
2.522
1.663
1,447
3,708
13.981
For comparison, we give the f ollovnng table showing the week's
total receipts, the total since Sept. 1, 1881. and the stocks to-night
and the same items the for corresponding periods of last year.
1880-81.
1881-82.
Receipts to
May 26.
This
Week.
Sitice Sep.
1,
1881.
This
Week.
Stock.
Since Sep.
1, 1880.
4,021
26,482
597,735
189,413
137,301
217,22f
19,45J
81.014
645,838
23
15,086
7,302 1,503,768
1,456 376,766
2
20,357
4,760 815,127
4,855
3,293 610,021
1'
49,950
329 115.238
43
30,009
3,900
682,19a
Oiil
207,755
3,978
162,396
2,863
157,598
1,332
41,213
2.848
61,955
13,981 4,533,641.
36,851 3,530.131
1,254
42
2,858
809
14
1,335
654
115
145
120
1,805
598
89
2,027
98
1.210
418,603
13.705
1,158,556
23V,87
27.197
713,652
6,966
486,918
24,356
134,36'!
188L
1882.
9,122
50,839
92,941 162,107
10,215 13,997
5,08«
.9,219 21,189
7,271
2,328
16,307
19
2,127
14,824
13,11«
269,416 174,060
9,095
24,117
16,495
11,530
6,927
10,244
463.043 489,897
In order that com parison may be made with other years, w«
give below the tota Is at leading ports tor six seasons.
Receipts
at—
1882.
Qalvest'n.Ac.
New Orleans.
1881.
1,29 6
2,85 8
Mobile
80 9
Savannah
1,33 5
1880.
1879.
1878.
1877.
4.014
7,302
1,456
4,760
3,310
1,137
5,815
507
390
9CG
S2»
1,011
1,820
2,067
3,317
1,380
426
372
86
377
683
526
5S2
39»
3,022
2,434
1,636
411
3,561
1.99«
Charl'st'n.Ac
Wllm'gt'n, Ac
Norfolk, Ac.
A.11 others
2,40 3
4,24 6
4.381
11.023
7,509
5.830
3,331
5,066
3,960
3,577
2.318
2.27a
Tot. this w'k.
13.99 1
36,851
23,761
17,113
18,220
9,66»
Since Sept.
76 9
26 5
4333,81 6 3330,131 1739.442 1389,721 4196,101 3903,618
Galvejton insliides Indianola: Charleston includes Port Koyal, Ao.
WUmlBsron Includes Morehead City. Ac; Norfolk includes City Point. Ae
The exportst for the week ending this evenini? reach a total
of 24,156 bales, of which 18,599 were to Great Britain, 560 to
France and 4,997 to re.st of the Continent, while the stocks aa
made up this evening are now 465,043 bales. Below are the
exports for the week and since September 1. 1881.
1.
Wwk
I
frvm—
QalvestoD
Orelana,.
Ending Majj
From
86.
Great
BHfn. ^i^nct
2,326
1,400
OonU-
Total
nent.
Week.
1,898
B,B92
624.331
Florida
CbarlestOD •...
Wilmington...
Norfolk
1,561
New York
6,103
Boston
l.BOd
r-jfitt.
179,48i
Mobile
1, 1881, r/> Jlav 2i, 1881.
Expnrteii to—
Britain. *>''»'««
2,328
Savannah
3,107
6:i,iS!i
3,231
42,93*
138,600
1S<.239
179.0J6
33S.6)&
306.488
es.sas
322,929
86
1,506
142.175
77.029
74,869
50i
2,700
18,599
Total 1880-81
•inoluae* exports
3,900
128,75;
8,819
15,810
71,788
'.SSS
469,605'
4
142, 17»
17.403
125,399
200
71.8e»'
21,158 2.149.181 310.497 ~7ii,30.'> 3.821,267
e.^
Hum Port itoral
2IS8.0<8
212.817 I,082,1M
33.892
S.UUO
9,880
t08
Toua.
(ICTU.
53.584
301.503
B.iltlmore
Phlladelp'a,*c
Total
Sept.
Exported to—
Exports
New
Ocean freight room is dull for berth room, but about steady
fop charters with petroleum vessels in some demand. Grain
TotaL
30
42
835
430
14
269
98
Totals this week
Total
refining.
,
>
___
;
,
FH.
Thurs.
266
....
.
7J6@7^c.
Wed.
539
Bmnsw'k, Ac.
Charleston
Pt. Eoyal, &c.
Kio coffee has latterly been fairly active and the better grades
Galveston
have been firm, but those below fair are weak, the stock having
Indianola.&c.
been materially increased and at the close aggregating 101,833 New Orleans.
bags in first hands here of which considerable is of low grade ; Mobile
fair cargoes close steady at 9^c., while ordinary are nominal at Florida
Savannah
SHe. mild grades after large sales some days ago have become
Brunsw'k, Ac
quiet though firm. Rice has been steady and foreign has sold
Charleston
fairly, but domestic has been quiet.
New Orleans molasses has Pt. Boyal, Ac.
bepn in moderate demand and steady, but foreign has been dull Wilmington....
M'head C, Acamd to a great extent nominal; 50-deg. test Cuba refining is quoted
Norfolk
at 37@38c. Spices have as a rule been quiet, but pepper has
City Point, A(
flold more freely at ll%@12c. io bond.
Foreign fruits have New York
been steady, but dried on the whole quiet, though currants have Boston
sold more freely at 5c., and Turkish prunes have been firmer at Baltimore
t%e. Raw sugar has been quiet and more or less nominal at PhUadelp'a,Ac.
._
Tuea.
63
236
11^®
Stearine
Hon.
Sat.
and near Pittsburg to (Penn.), the number Galveston
Indianola, &o.
«f several thousand, threaten to strike on the 1st of June, and
Gen- New Orleans...
jf they do so will cause a great deal of embarrassment.
Mobile ..
.^ral business is sluggish and the sp-ing trade is partially a
Florida
failure, unless redeemed by what is termed the "near-by Savannah
The iron-workers
25, 1882.
The Movkmbbt or thb Ceop
Ac.
889' 2.627.147 508.96
I
.CBB 098 4.003 208'
.
Mat
.
In udditton to tbove exports, oar tfllt«frr»nw to-nl^ht aliw mif
tli>< fiillowiafr »monnti4 of ootton on shipbonnl, not rlt«iirp(l. »t
We add similar flKOitM for New York, which
'.b« {><>rtH nAinxa.
krrt i)r«<i)ared for oar (ip«oial am by Meaws. Care/, Yala &
Lambttrt. 00 Hearer Strtwt.
On8Mpboanl,t%otelaartd—for
s«,
teaMng
Ar-
Great
rruiif.
BHtain.
ewOrleana.
:i,oi«
3.?24
Mobile
U.'IIIO
Noun.
None.
C'BArlcatun
l.'JTO
..
Bavuinab..
ealTMton..
n.5H2
Mono.
Nonn.
Nope.
None.
None.
None.
Noue.
trite.
13.302
3.4 iO
1.7:0
fi(X)
8.4
8.806
8,U«1
700
230
2,450
49.585
4.174
6,^13
1.616
34,741
430.302
40,S(>9
17,520
2S,373
87,367
3.^,(144
7.01)S
3,170
021
402,530
303.165
S,700
2.300
None.
23,409
2otall88l...
|jot»lia80...
360
I
I
lO.HOrt
»Sk ?9 85
II?
and the
wider than of
On
day, prices
263
6,7.^0
6!).8ff0
late.
fluctuations in prices
Saturday, and
owing
fell off rapidly,
down
lit
M
"
•^1
dtIO
i
''
ff*'-''3
Hist? T<»2"
w
KIO
6 8
somewlmt
09
seed planted for the next crop had failed to genninate,
10
till
i_t
when
there
from its poor quality or the prolonged
either
cold,
wet weather.
These reports received general credence, and on Thursday the
•1m
CO
H M
1 8
V»
tsto
1.
1.
66
tinb
I
Aw
8Sg
and
were to arnre.
•ales for utch
Hay 20 to
May 26.
The following are the
bales
official
quotations
and
day of the past week.
NEW ORLEANS.
Sat. noD Toes
UPLANDS.
Sat. Mou Taes
OnUn'v.yft
09|«
0^14
BtrlotOrd.. 10>a
iS'- 10
10%
OooA Ord.. I0l»i8 1013,, lOis,, 11»1«
Onl 11^ ll"* 11>4 IlBs
Btr.
&M
Low Mldit'K
—
Of the above,
in transit.
CO
Ok
CO
CO
iii»i,
ll''u
lin„
ll'ie
Ilia
12S„
123^
fltr.OMMid
12''8
13
mdd'K Fair
12«i
1339
Fair:
I4M
13Vi
14
12%
IS^
131s
13a8
14
14%
12%
131a
1414
Wed Tb. Fn. iWed
OrdlnV.Sfe
Til.
I
FrI.
Wed Tb.
911 16
.?Vi» »iii» 91118
Strict Ord.. if,'" iS'IOI4
1014
1014
1014
Oflod Ord.. 101-118 10l3,fc 1013,8 lUll
iii|« HI16 11'16
Btr.G'dOrd 11 >4
11'4
Ilia
Ilia
111a
Low MIdil'K 111116 IIII16 llll,,! 1115,8 tl"*ie 111518 lllSl,
Btr.L'wMid IIIS18 1115,8 1115,8 123,8 123,3 liJ3,g 123,8
MlddUuK... 1218 1218 121a 1238
12^ 1238 1238
Oood Mid.. I2I9 liMi 12>a 12% 12% 12% 12%
Mid 12% 12% 12% 13
Btr.
13
13
13
Mld4'g Fair 1314 1314 13^ 131a
l.s>a
131a
131a
Fair
UI4 I4<4 t4<4
14
14
14
14>4
1^-
im
I
OM
STAI.fED.
Sat.
Oood Ordinary
..»«..
•trlct Oood Ordinary. ..
Low Middling
Middling
123„
1248
123,8
1238
12%
12%
13
13
131a
I414
131a
14>4
nou Tne* Wed Tb.
FrI.
0l6
9
9
9
9
9
IOI9
10
10
10
10
10
1013,8 10ll„10lli6 101 lie 101-16 101 1 18
lll»16 ll"l8llll!»
uni»'llii|g
^
10 to
icto
coco
ItMtOo
s 8 Kcbo
Dull and eaaier
port.
700
POO
720
Oon-
SpeeATivn- _ .
«"<»'
tU.
$ump. «f
m
Deliv-
,
Salee.
.iHtoudy.
1.172'
Tburg Mrmer
318
469
890
380
3,600
1,141
Fri. .Quiet..
927|
473
23
07.800
46,300
36.000
1 562 103.200
4.741 142.100
1,423 125,400
8,019' 3.681
23
11.723 860.800
.
Irreg. at
Tuee. Quiet
Total!
.
« dec.
a>o
V
CM
QD
CO
KM
a
a>>o
to to
m6m
co-Ja
1010
to to
tOfcOo
COi^O
roioo
*?
M—
I
—
MtOo
(-*
"-•ca
-Jl
to too
ins
CT:0>
to 10
C^tOM
66
00^
tea>
«.»
M — 00
to too
I
Vi? sa)
0»
I
6^0
ao
M
CO
M
^ CO
g 8
COCO
coco
;
1
«
^
!0
M
^l
««
w«o
'coco
oca
coco
«>o
**
Tr'o
W3:m
ODO
ato
eicio
ecu
COCO
^^
*r
o
>-"
COVjO
*M
I
I
1:8
KtO
oow
80>
CC09
o;coO
I
MMO
too*
M|Ck
llS-W*
f§M
MM-^
MMC,
«M
OD-C*
I
MMOD
6ito
I
-la
I
CDO
«<^
ODM
MO)
631 =>
Mtd
e.»
I
I
coco
tCCK
I
*-*mm
s-
c:coo
SI
to to
»!«
MMa
MM^
I
I
MMoo
CCMO
cotb^
CduO
tooa
OSfX-
0<«I
«
^-MCJ
2li
0'**0
tCQD
lb CO
Oc>
e>«
«r
M>-,5
MMo
I
I
I
«
MMO
llilUO
gap
51
I
«>o
l»:
MMO
aojO
1
td
K)
»
8 8
1
1
«:
1
1:
I
1!
I
I
I
6
Si
I
1
I
l«
1
18
I
It
t
I:
•Inolndes RaleH in September. 1881. for September. 314.000: geptember-OotolMsr for October. 416.400; SoptiinlwrNovoinlwr for Nore ulwr,
.111.200; Septembiir December for Deceuiber. 1,47.1.100; S.'ptember,
January for Januarr, 4.2.>2.^00; September- February for February,
2,230.100; 8iM)tember-M:iri'h for Mareh. 4.41 1.10); 8optember-Aprll,
for April, 3.,53:i,8O0 also salo3 for April. 1883, r>00.
Trannferalile Onlers—Satunhiy. 120Je
Monday. 1200e. ; Tueadar,
I2OO0.; Wodnei(l.vv.l2o5... I'lmrsday. 12l5o.; Friday, 12-OJo.
Short Notioea for May.— Weduesday, 11'9jo.
;
;
BAUM OF SPOT AXD TRANSIT.
Bx-
I
MtSo
Fri.
MABKBT AND BALES
SPOT KVRKET
CLOBUU.
c6
a»
01116 9ili»
1014
lO"*
in,6 111,8
Ilia
Ilia
lll'io 1UB,8
im
i..
<ets
im
lin„
121 1«
.
CJtfO
CaOm
C^Mco
OJCO
Tiie>
91-16 91s,, 911,0 9'iie
10<4
lOM 1014
103s
111,,
11=16 III16 ll'is
nig
I119
Uia
1116,8 121,6 lllSi, lllBi,
123,,
125 18 123,8 123,8
1238
1238
1239
12Hi
12% 12^8 12% 12%
13
1318
13
l.<
13i« 13»«
I3>9
13Hi
14>4
1438
1414
1414
9'Ii«
lOH
atr.L'w Mid 121u 1115.8 ii'»i« 12i>16
1214
MlddllnK.
12'«
12>S
12>e
Oood Mid.. 1238 12>4 Vl^ 12'8
noD.
-11^
KlloS
to to
TEXAS.
Sat.
WW
TS8
»5>
(
81
speculation
I
lOlOo
total sales for
« for
I
®5«
I
closing at 12^c.
forward delivery fop the week are 860,800
bales.
For immediate delivery the total sales foot up this week
11.723 bales, inclading 8,019 for export, 3,681 for consamption,
W.'t3
8
more active for export, with a good demand for home consumption. To-day the market was quiet, middling uplands
The
ll!
t!)«
c
to
opening was quite buoyant, the highest figures paid representing an advance of 27@S8 points over the lowest figures of the
preceding Monday for this crop, and 2S@28 for the active
fuonths of the next crop. To-day futures closed 9@12 points
lower. Spots declined J^c. on Monday, and have since been
Wed
*^K>o.''
l»
IS8
M
. .
'"'
eets CO
sh-
I
near the close
Hon
^
mW>-H
10 to
was renewed depreesion. Wednesday
was stronger again, and late in the day there was an active
.ind buoyant market on reports frona the South that much of
Tuesday,
III
1
(
to the better weather at the
a sharp advance that was maintained
(\iuaed
?w8L. ^-sS?
S5oo
3"e« SyM
bwS^ S"-a
itt'i 3«!^3' ff"
<»M_.p'
S"Jos
noon of Mon-
to
and
s
r:
:
South and the bad state of trade in goods. But on Monday afternoon the " shorts " began to buy, to cover contracts, which
Bat
?«S& ^wS-^
"11^ Till
speculation in cotton for future delivery has bcon fairly
active the past week,
'
"IK
5,50
8I1I
Other porta..
II
If
70.570
0.785
800
8(XI
«07
daily market, the prloM of mIw for eaeh month eaah day,
the nloHinff bids. In addition to the dailr and total iaSr»
n>w.
.•1.8H3
Niiiif.
The
Ooatl-
31U
Noiio.
Noiio.
S.Htia
Total...
Other
foniffn
None.
None.
None.
Non«.
Non«.
.
Horthlk
Now York..
1
THE CHRONICLE.
av, last.]
M
auT
M
»
1
1.018
1.369
1,UIM
1
200
200
290
200
200
400
1.400
The dally UtiUrerle* Rlreu aoore are aotitally daUverei Uxa day pr»loiu to that on wlilo.i they are reported.
Thb Sales asd Pricks of Futurbs are shown by the following ccmprehensiTe table. In this statement will bo toond the
The foUowiiu? exchanges hare been made dorioK the week:
22 pd. to exch. 300 June for Aug. •22 pd. to exch. 600 June for Aajr.
•10
'20
•09
•20
•02
pd. to oxeh. IDO Jul- for .\uit.
pd. to exch. 200 June for Aui;.
iHl. to cxoli. 800 July for Aug.
pd. to ezoh. 700 June for Aug.
pd. to exch. 100 May for Jane.
Tna
100 tune for Auk.
300 3ei>t. for June.
exch. 100 July for Auif.
exoh. 500 Juxe for July.
pd. te ezoh. SOO June for Aug.
•21 pd. to
•07 pd. to
•10 pd. to
'10 pd. to
22
cxcli.
excli.
VisiELa Sopplt o» Cottoh, as made np by cable and
telefifraph, ui aa follows.
The Continental stocks aie th«f fltmrea
of iMt Saturday, but the totals for Grfat Britaia and the afloat
for the Ointiueut are this week's returns, and consequently
broaght down to I'liarsday eveninsr; hf n:e. to make thtt totals tlie
somplete fipurea for to-night iMay 26', we add the iUim ot exportr
from the United States, inclaaing in it the exports of Friday 0D]7i
3
1
1
THE CHRONICLE.
6U8
1981.
1880.
1879.
030.000
46.800
767.000
49,300
598.000
42,500
Tolal Great Britain atook 1 .050,800
Stock at Havre
I'^i'^SS
Block at Marseilles
J^-^?S.
^ 'SaX
Stock at Barcelona
Stock at Ham ours
nS'SxX
Stock at Bremen
??'Sl<S
Stock at Amsterdam
•^'*'?S«
5*0
Stock at Rotterdam
Stock at Antwerp
,1'29S
ports.
10,253
oontl'ntal
Stock at other
976.800
231,000
3,800
31.600
7,000
50,900
43,000
816,300
67,100
4,500
45.700
3.000
43.200
17.400
2.290
780
820
10,900
14,170
610.500
121.000
2.750
47,750
3,000
27,500
S8,000
2,000
6,500
9.250
193,783
374,710
198,180
2.57.750
1882.
Bsoek at LlTerpool
8t}ok at London
'.)89.000
bales.
£^'„
Total continental ports....
5,7.30
Total European stocks.. ..1,249,563 1,351,510 1,014.4S0
318.000
294.000
India cottou afloat lor Europe. 44.t,000
379,000
Amer'ncottom afloat f or Eur'pe 25G.000 402.000
45,000
405,043
E2yi)t,Brazil,&c.,atttforE'r'pe
Stock In United States ports ..
Stock in U. 8. interior ports. . .
United States exports to-day..
Of
91
.4
1
5,000
47.000
489.897
20,000
423.045
143.211
5,000
132,47
8,000
898,250
300,000
SOJ.OOO
12,000
250.944
42,198
1,000
613,000
97,000
25«.000
Liverpool stock
Continental stocks
for Europe....
American atloat
I(i5,013
United States stock
United States interior stocks..
United States exports to-day..
91.413
5,000
iotal
1-13,241
473.000
221,000
303,000
250,944
42,198
5.000
l.OJO
514,000
144,000
379.000
423.045
1,527,456 2,012,363 1,033,280 1,291,042
lotal American
East Indian.Brazil, dc—
Ijverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, BrazU, Ac, afloat
Total East India,
707,000
273,000
402,000
489,897
132,171
8,000
376.000
61.800
101,783
445,000
45,000
253.000
40.300
51,180
318.000
20,000
223,000
46.800
101,710
294.000
47,000
125,000
43.500
36,75^
30;i,iJ00
12,OiO
516.250
691.180
1,029.5^3
1,537,456 2,012,368 1.60S.3SG 1.291042
&0
713.510
American
2.557,039 2,724.878 2,302.766 1,807.292
Total visible supply
^rioe Mid. Upl., Liverpool
.
5l5ijd.
<j^\.
6i3j(jd.
e'liod.
pST" The imports into Continental ports this week have been
48,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 167,839 bales as eoinpared with the same date of 1881,
an t'lorease of 254,273 bales as compared with the corresponding date of 1880 and an increase of 749,747 bales as compared with 1879.
At the Interior Tow.vs the movement
—
that is the receipts
for the week and since Sept. 1, the shipments for the week, and
and
same
items
for
the corresponding
the
the stocks to-night,
period of 1880-81 is set out in detail in the following statement:
—
ff>
S.
o -^ =
E,
is
rn
WS:?:
Week
S
o:
:
;
Mch.lO
"
17
"
"
84
5^r"
tc
zj*
* ^
01
to (;>>
CO Xi ;c c: to
CO
M
^ *3 w
iP-
M M
CO
y-^t''
S^
CS CO cs <-
f
to -J
CJ"
-O
CO to
MM
XC0CCrf*.O^CS
CBcno»-'too^
CO Of
I-
^ as
"^
(D
tt-
M
COCObwHM
"^tOMCStO'-'X«t»-CO^O<IftkCOlCCO*JOtO»CJ
!*»
roiototoicc;<c;TOtoc;«cc:xcicoa:MO*J
M
CJiCDMM
M MtO
M
O -J 01 -4 CO CO ro to X C- CO X
'tP^ViciVo'too'Vo'birf'-oc'O'^V^oxico
O to GO CO tc C- w *- to X *J lO to O lO o to
WLo;oa r-oixonoyiooox-iccw^Ci
.1
(Eh
N- -g CD *J -q^oi
'-'
(;»>
CJi
MtO
o
^M
MtO
CO^JOi-l-lOCO
tf^
tO-qCX;
O M O C; O M
03
la
M P5^
<l_IOMH
c:ox'">-",OXt*»>
"fP*
ro -u
-q
-vi
P ^ ^f^ Mxxcot*>'C;»ot»-'
W^ ^^ ??V o coo XX 0*»^*M C> b* CO
t^'**
rf^
xQiaciCiOso M
" These are only the net receipts at Louisville.
The total gross receipts
there smce September 1, 1881. have been about 280,000 bales, acalnst
o
=•
about 228,000 bales for same time last year.
>
t
This year's flgurcs estimated.
The above
show that the old interior stocks have decreased during the week 9,293 bales, and are to-night 41 ,061
bales less than at the same period last year. The receipts at
the same towns have been 7,264 bales less than the same week
last year, and since Sept. 1 the receipts at all the towns
are
531,739 bales less than for the same time in 1880-81.
Rboeipts from the Plantations.-—The following table is
prepared for the purpose of indicating the actual movement each
totals
53,41»
03.600
81. ...
47.393
87,383
78.514
38,317| 109,489
25,ST4
38,S59
82,703
31,141
54,035 279,831 294,608 233,182
44.487 272.1'88 277,350 215,044
33.220 259.338 861.509 201.747
40,991
63,600
8S.6UU
38.fl;o
68.579
36,714
60,718
47,729
45,535
49,150
12,415
3t.8ol
April 7
"
14
33,509
80,480
25,255
68,433
31..
May
..
27,229
50.823
10,082
23,801 230.175 i4l.l9S l.S0,281
16,556
40,317
S8
5
12
30,853
8,384
83.808 230.890 235.320 157.8:18
31,423 202.216 215.2)8; 143..'i27
2J,S81 189,763 104.862 127,830
20,884 172.823 174,80o| 115,435
13,081 153.917 147.473- 104,018
12,573! 3i,.351
2j,8«l
11,161
10. ...
28
....
24,630
26,514
23,784
[
6,987, 34.068
19,014
12,183] 28.550
10,184
9.574, 22.502
8,e69
4,88S:
8,B«4
j
The above statement shows
—
1.
That the
6.515:
total receipts
from the
plantations since Sept. 1, in 1881-82 were 4.592,439 bales; in
1880-81 wtire 5,633,766 bales; in 1879-80 were 4,87S,3fll bales.
2. That, althcjugh the receipts at the out-ports the past week
were 13,931 bales, the actual moveinent from plantations was
only 2,561 bale",, the balance being taken from the stocks at
Last year the receipts from the plantathe interior towns.
tions for the same week were 9,515 bales and for 1880 they
were 4.88S bales.
Amount of Cotton is sioht SI.w 26 —In the table below
we give the receipts from plantations in another form, and
add to them the net overland movement to May 1, and
also the takings by Ssutliern spianer.s to the same date, so as to
give substantially the amount of cotton now in sight. We shall
continue this statement hereafter, bringing it down to the close
of each week.
H-82.
Receipts at the ports to May 26
Interior stocks in excess of Sept. 1 on
bales.
May 26.
Tot.al receipts from plantations
Net overland to May 1
Southern consumption to May 1
May
26.
1880-81.
4,533,346
58,593
5,530,131
103,633
4,592,439
422,630
210,000
5,633,766
472.241
175,000
5,225,069
6,286,007
In sight
the exception
in Texas is now much improved,
having visited that section during the past
week. Some replanting has been necessary in the vicinity of
Nashville and Little Rock.
Oalveston, Texas. We have had light showers on two days
of the past week, the rainfall^reaching twelve hundredths of
an inch. We are needing] rain locally, but nearly every section of the State has had good rains and crops are promising.
The thermometer]has ranged from 65 to 83, averaging 72.
Indianola, Texas. It has rained tremendously on three
days of the past week, and the indications are that it extended
over a wide surface. The rainfall reached three inches and
Prospects are very good. Average
sixty-six hundredths.
tliermometer 74, highest 86 and lowest 62.
Dallas, Texas. We have had rain on three days of the
past week, the rainfall reaching sixty-one hundredths of an
The conditio:! of cotton is not as fiivorable a.^ !i3retoinch.
fore it is suffering with lice from the cold niglits and from
sore shin in consequence of high winds. Weather continues
very unseasonably cool. The thermometer has averaged 64
The condition
—
;
tf*.
Cl C to C
to 0» MM X to"cj»'tU
Or to'*-» Ui
C0>fi-C0tO)*^CDMX--C;COCJ<tf*.tO
oatow. rt-ocs-aio-g<io«c;i®^MCi
'Jt
57,4;4 300,703 320,500 284,393
81.i)ld 288.233 309.513 253.618
j
....
—
M»0
co<ll*k0^^coc;ttoco-'^cc.c-xo^xo*oo
Cp
o
tUZO
h-M
toco
-^1
-a to c;
C CJ -1 to to ^ c. o
CXJ
M CO cc to to to
^I'm'tO ?D W QD M
o<
o CO
OC0C0M(**X0i
*• to CO
CJ»
13S2.
3I,W8
—
CC;'OCtO'.c--jio»-i-'LCOf— oioi»f»-co-^co
PSpiXtO^wO
<-' ^l> :£.
1.^
COQDC:»MOCO:DrfkC;'OtO
O Ci X O O O" ^
1S81,
50.23J 136,000
beneficial rain
cscockou'Qdcic;'cjood<icxmm*.o«dco
OOCitO'-^DtO-l
c;i to
CO -J
CO CC *^ Ol
-]tf*OXX
1880.
58,747 311,087 310.2,^a 315.073
64,368 140,126
4».811 103,200
ment.
is
MX^I^MCDCnCO
to 1^
1882.
1881.
Weather Reports by Telegraph. —With
1=^
w M -qVj <i
It*
K)
C5C:C-.O'XCi"-t0:5iT)CiOi-J0'ifcC0M
18S0.
that the weather still continues unseasonably cool in some
sections the past week has been favorable for crop develop-
coco^
JO
Cl
g
•
too
t^
<i 10 CO to
Towns. Itec'vtsfrom Ptant'm.
St'k atlnterior
be seen by the above that the decrease in amount
to-night, as compared with last year, is 1,060,938 bales.
ViVicrV:do'^iViooDC-CO'c;V'OiXc:"<i
•-^xxlroX'•^co^^ — ooit'.t-' — wMrf^-^o»txttittfXJO'XxxcoMtoib.Mio.— *jawcji
ic 00
Qotomco
CO
Mfr3
«;*.
9>
1882.
1881.
18S0.
It will
ClClWiXtCCO*ktOCOOiMfcOC;>W-]CDC;»C35
X X
01 CD C: X Cl O lO
*q *j
X
» © B
gxfc
:
MM
wco
M
to to bC to O*
*- #* C-'
OT
Cl
CO
:
CCh-t-'
*'.0COiC;»0O
CO
O" CO
:
M
M
O
C = «
^
2
<>G<9n
Receipts (U the Porta.
ending—
Total In sight
» £.=
J * < ^
-- .-Z^^^O »
,
—
-
P »
:
XXXIV.
week from the plantations. Receipts at the outports are sometimes misleading, as they are made up more largely one year
than another, at the expense of the interior stocks. We reach
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
'.hat these figures, of course, do not include overland receipts or
consumption;
they are simply a statement of the
Southern
weekly movement from the plantations of that part of the crop
which finally reaches the market throagh the out-ports.
RECEIPTS FHOM PUlNTATIONg.
2.557,039 2.721,878 2.302,706 1,807,292
Total visible supply
the above, the totals ol American and otHer descriptions are as follows
A ?n GVtCCL Tl~—
[Vol.
1
the higliest being 89 and the lowest 39.
Brenham, Texas. We have had hard but very beneficial
rain on three days of the past week. The rainfall reached one
The therCrops are good.
inch and sixty hundredths.
mometer has averaged 73, ranging from 56 to 90.
Palestine, Texas. It has been showery on four days of
the past week, the rainfall reaching eighty hundredths of an
Farmers are busy and crops look promising. The
inch.
thermometer has ranged from 53 to 82, averaging 68.
have had a splendid shower on one
Huntsville, Texas.
day of the past week, the rainfall reaching one inch. Crops
—
—
—We
are doing well.
lowest
Average thermometer
73,
liighest
87 and
58.
Weafherford, Texas.— It has been sho%very on one day of
the past week, the rainfall reaching forty-six hundredths of an
inch. Crops are good but the weather is unseasonably cool.
Tlie thermometer has averaged 65, the highest being 85 and
the lowest 45.
have had showers on two days during
Helton, Texas.
the past week, the rainfall reaching thirty-two hundredtlis of
an inch. The wheat harvest is making good progress. Corn
—We
.
Mat
2
:
:
THE CHRONICLE
1688
«C9
Nbw Vork Corron Excfu.<«as.—One member hM potted Ete
and cotton aro tliriring. The thanaometer has averaged 65,
rongiug from -15 to H-l.
intention to tntoafer his seat; another seat haa been aold At
two
been
showery
on
days
of
the
Lulinti. Ttxas.—\t lias
about 10,000, and application la made for one memberahip.
past wot'k. the rainfall rearhlnfr fourteen hundrcdthg of an
The amended plan of life iaaarance, proposed by a apeeial
young
verjwell,
bloomB,
squares
and
(.'ro|i8
art^
doirij;
lucli.
The thennometer has rongeafrom Qpmmittee on May 1, having been pat to an informal vote, haa
lx>Uii are quite fre<|ueut.
.W to HO, averaginij 7-1.
been carried by 809 in favor of its adoption, against 25 dissenNew Orleans, Louisiana.— \t has rainp«l on three days of tients. To be carried into effeot it will require a slight amend
the past week, the rainfall reaching two Indies and tlfty-flve
ment of the charter.
hundredths. The thermometer has averaged 73.
The new plan differs chiefly from the former, inasmnch as it
Shreteport, Louitiana.—Tl\o weather has in general been
fair and cool during the pa.st week, the rainfall reucldng nine- provides for inequality of age and phjrsical condition.
The
tv-six hunilreilthg of an mch. The cotton crop is largely oversum of $10 is to be assessed against each membership upon the
Sowed by the rise in th« Re<l River, and land is going into com
death of any member, to be paid within thirty days.
and millet. The thermometer has ranged from 58 to 91.
After proof of death of any member after the adoption of
Vieksburg, ifistisHppi.— Telegram not received.
Columbus, ifississippi.— It has rained on one day of tlie this by-law which is still to be voted on and mast be carried
past week, the rainfall reaching one inch. The thermometer
by a two-third majority— there shall be paid oat of the money
has averagd 70, ranging from 46 to 90.
Little Hock, Arkansas.— VMay, Saturday and Sunday of collected
the past week were cloudy, with rain on two days, and the
$l,OUOir*noh death occurred within one j-m»r: $1,1500 If after one
remainder of the week hois been clear. The rainfall reached year and within the second year; $2,000 If after two yeani and within
the thlid year; $2, .100 If after three yearn and within the fourth
heavy
rains
of
two
hundredths.
The
one inch and thirty-nine
year; $3,000 If after four yean and within tlio nfth year; $3,500
weeks ago washed up some cotton tluit had to be roiilanted, If after Hve years and within the slitli yrar *4,i)00 If after six
otherwise the reports on all crops are favorable. The ther- years and within the seventh year; $l,ri0<j if after ^iven yean and
within the clKbtli year $4,750 If after eUht years and within the nintli
mometer has ranged from 52 to 81. averaging M.
year, and for any longer period $5,000. The money shallbe paid to the
Memphis, Tennessee. Telegram not received.
persons hereafter designated, nee from all debts, chnrgcs or demands
Nashoille, Tennessee. We have had rain on two days of whatever.
the past week, the rainfall reaching one inch and nine huuThe follov/ing are the visitors to the Exchange this week
dreatlis.
Later information shows serious damage to cotton Dr. M. Tonercr, South Carolina.
Aogu^tte Ma«iiuetler,Barre,Franoe
by f r<»t and cool weather. Much replanting will be neces- J. F. Minis. Sarantiah.
J. O. Aymes, Galveston.
E. Moti, Galveston.
sary and in some localities they complain of being short of F. 8. Davis, Memphis.
E. it. RodoconachI, lx>ndon.
Arthur W. Brlggs, Liverpool.
seed. The thermometer lias averaged 63, the highest being 80 W. H. Zlegler, New
Orleans.
J. L. Slayden, San Antonio, Texas.
and the lowest 42.
J. 8. Muss. 8t. Louis.
Albert Icuhn, Galvest/>D.
J. W. Schley, Savannah.
Mobile, Alabama. It has been showery on tliree days of E. B. Buatwlok. Boston.
George
Allen,
Nortb
Carolina.
U.
Vaughan, Oalveston.
the past week, the rainfall reaching one inch and thirty-three
hundreilths. Accounts from the interior are conflicting. The
Mb. Elusoh oh Mr. Doitbell. On April 29, page 493, we*''
thermometer has averaged 72, ranging from 57 to 89.
Montgomery, Alabama. We had rain on two days during published from (he New York Commercial Bulletin a comthe early part of the past week, but the latter portion has munication from Mr. Donnell criticising some of Mr. Ellison's
been deilr and pleasant and turning wanner. The rainfall figures. We have seen no reply from Mr. Donnell te the quesreached one inch. Crop accounts are more favorable. Oats tions we then asked, but this week have received
from Mr.
are l>eing harveste<l and promise a good yield. The thermometer
Ellison the following letter with regard to same matter.
lias ranged from 52 to 89, averaging 69.
BOBOnOB BCII.DIKGS NOBTH, 7 RCMFORD STREET, J
Selma, Alabama. We liad ram on two days during the
early part of the past week, and the latter portion has been
LiVKBPOOL, IKA Hay, 1882. >
clear and pleasant. The rainfall reached one inch and fifty To the E<iit»r of the Financial Ohroniele.
hundredths. The thermometer lias averaged 67.
Deas Sir— From your Issue of tho 28th alt. I find that Hr. Donnell
Madison, Florida. We have had rain on two days of the has fallen into a very common statistical pitfall. Be entirely overlooks
past week, and the remainder of the week has been pleasant. the surplus stocks with which the season commenced, and which, along
The crop is developing promisingly and accounts are more with the difference In weights between 400 lb. bales and ordinary pack
favorable. The thermometer has averaged 70, the highest ages, will give him the 280,000 bales about which he is so concerned.
being 75 and the lowest 65.
Allow me to illustrate the matter in a very simple form. Mr. Domnell
Macon, Georgia. It has rained on two days of the past takes up the bal,ince sheet of some company with which he la oonneoted
week. The thermometer has averaged 68, ranging from 53 to and he Unda these figures
—
:
;
;
—
—
:
—
—
—
—
—
—
83.
—
Columbus, Georgia. It has rained on one day of the pa-st
week, the rainfall reacliing fifty hundredths of an inch. The
thermometer has ranged from 57 to 83, averaging 75.
Savannah, Georgia. The weather has been pleasant during
Average thermometer 71,
the past week, with no rain.
—
highest 82 and lowest 56.
A ugusta, Georgia. It has rained on one day of the past week,
and the remainder of the week has been pleasant. The rainCrop reports are confall reached one hundredth of an inch.
flicting
no serious damage has been done by tlie cold snap,
although there is a bare possibility that a few points in the
lowlands will have to be replanted. The weather is now
favorable and the outlook is good. The thermometer has averaged 70, the highest being 86 and the lowest 53.
Atlanta, Georgia. The weather has tieen more favorable
during the past week. We have had rain on one day, the
rainfall reaching seventy-two hundredth.s of an inch. The
thermometer has averaged 67, ranging from 48 to 80.
Charleston, South Carolina. It has rained on one day of
the past week, the rainfall reaching twenty hundredths of an
inch. The thermometer has ranged from 59 to 85, averaging 71.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'dock
—
Expenditure
..............................
He then tries
to find out
—
May
25. 1882,
and May
Memphis
affect the
balance la the
Income in 1882, less than 1881
Expenditure 1882,more than 1881
Balance
lees
$100,000
30,000
than last year
But on referring
to the balanoa sheet of the
$150,000
company he
finds that the
given as only $50,000, whereupon he takes up his pen, and
witk the confident air of a man who thiaks to himself, " I have got him
this time I" he writes to the secretary of the company, " Here is a discrepancy of $100,000. How is it to be accounted fori" The secretary
merely draws his attention to the fact that he has overlooked the open
ing balanees, aud he puts the matter thus
deficit is
Balance opening of season.
Income
Total
Feet.
Below high-water mark
Above low-water mark.
Nashville
Bhreveport
VicksbUTK
how these figures will
1881.
18^.
$100,000
500.000
$200,000
400,000
$600,000
400,000
$GOO,000
450.000
$300,000
$150,0€0
26, 1881.
Hay
New Orleans....
1882.
$400,000
450,000
hands of the company.
;
—
1881.
$500,000
400,000
Above low-water mark
Above low-water mark.
25, '82.
Inch.
2
Hay
Feet.
2
33
1
20, '81.
19
4
27
1
22
4
19
41
4
40
Balance end of season.
Inch.
4
7
4
6
7
New Orleans
reported below high-water mark of 1871 nntil
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10t& of a foot above
1871. or 16 feet above low-water mark at that iwint.
—
Expenditure
JuTB Butts, Baooisg, Etc. Bagging has not shown any improvement in the demand, and the only trade doing is in small
lots, for jobbing wants.
Prices are about as last reported, and
sellers are quoting 7Mc- for 1^ lbs., 8^c. for IM lbs., 9)6c. for
2 lbs. and 10>6c. for standard grades, but a round lot could be
had a shade less. Jute butts are a shade ea!*ier and the trade
of a light character. For paper grades holders are quoting
2^@a 13-16C., while bagging qualities are held at 2J4@2J^c.
Now if
,
Mr. Donnell will cast his eye over our report for October he
will find that the stocks in tho ports of tho Continent on the 1st of that
month were 122,000 bales, and those in the aJUs 123.000 bales larger
than twelve months previously—making a total of 250,000 bales. Then
part of the 442,000 which Mr. Donnell puts down as 8blpp«d lets than
last season belong to tho month of September, whereas my figures are
made up from October only. Hoping that this explanation wlU help Sir.
Donnell to thread his way through tho ataUstisal maze Into which he
Tnos. Ellison.
haa got himself, I am yoora truly,
AoEicuLTL'RAL BcBEAC CoTTON Bbpcet.— We have received
from Mr. Dodge of the Agricaltaral Bureau, the full text of
the May report, of which we publisbed a synopsis last week. It
is
as follows:
For the purpose of ascertaining the comparative proportion of the
proposed, area of the year, usually pUtnted on the 1st of May, and
whether a greater or less proiwrtton had been put lu on that date the
present season, inquiries were introdaoed into the May clroular.
$
—
:
THE CHKONICLE.
610
in the Atlantic States plantusual, and in the district from Alabama to
of the MissLssippi has reoverflow
The
usual.
than
Xezas it is later
tarded ihe worlc in Louisiana, Arkansas, Mississippi aud Tennessee
caused
a delay in Texas, many
has
water
of
laek
and, stranee to say, a
oorrespoudents roportinp the land too dry for planting. The proportion
per
cent
in general terms, oneis
85
1
to
May
usually Planted prior
third of the breadth in North Carolina, one-sixth of Georgia, about sevenall
in
Florida.
It is the aim of
nearly
and
States,
eighths in the Gulf
the planters of the lower tiiT oi States to have tteir cotton up and
the
seeding
but
is
so extensive, the
May,
of
chopped out by the 1st
desire so intense for a spread of area, that plowing and planting are conwheat
is
much
as
seeded
in California as
spring,
tinued through the
long as the rainy s^assn lasts. This spring plautlug has been retarded
Alabama
and
Mississippi.
Another cause
of
unluuds
the
somewhat iu
An examination of the table shows that
Ine
more advauced than
is
;
;
of late iiauting
is
the necessity for replanting to replace failures to ger-
minate by reason of wot and cold weather.
It will be seen that tlie difference between this and usual seasons on
the first of May amounted to 18 per cent of the whole breath in Louisiana, 10 in Mississippi, 7 in Arkansas and 3 in Tennessee, or nearly half
a million acres. Southern Mississippi is protected by a high bluff on the
Tlver which makes the difference much less than that of Louisiana,
though thQ whom country lying between the Yazoo and the Mississippi
]B suiiject to orirflow.
Only two-flftlfe of the Virginia cotton
had been planted, which
is five
usual at this date. It Is included mainly In a half
ozeo counties south of Petersburg, which occupy a cotton soil, which
la a contluuatloo of t.'io cotton belt of North Carolina.
Tke planting was three-fourths done in the latter State. It was more
advanced than usual, ono-tlurd of the area being in ordinary seasons
unplanted when May comes in. The early cotton has been injured in
by frost, and growth has Ijeen retarded by cold, wet weather. In
Slaces
[ash county it is tJioiuht that 60 per cent will be replanted, which
means at least 15,009.l«|rea. A part of the breadth of Johnston County
will also be planted ;oy4iri'j Some correspomdents note a decrease of
area, others an increase, 1
Although the spring is tfetweeks earlier than usual In South Carolina,
the cotton is by no meaiffi aSyance<l in proportion. Recent cold weather
has been unfavorublo, Mi<B5wi4-woriu8 have injured the stand. Percentage oj area already fcl»nte9v.83l)«M|fc Instead of 87—in average
5 er cent more than
—
",.._-„;
„,
.- ""^y jst,.86^'CTHKgteadof 83.
Choppingout
Planted in Georgia,
bus been commei^oeilj pearly fields.' MBB^Sports announce decrease
~i pibb County " cotton for the first time in
of area to be plalDte
ii secondary crop " It is mentioned in sevfifteen j-ears is oonM'
..aeraal fertilizers aJB^ss used. The crop is
era! iuntauces tiiaVf
and is gCTiKrally good, anH^^lants looking veil.
jnaliil.v planned, the
In Alabama planting has been delayed sonuwDl^B^n'et weather, yet
a large part of the area is up, some of it traocMiL3K\^nd cultivation
commenced. The nights have been toi> cool Tor l^Hladv anccment.
Planting has been retarded iu the uplands anS^ne woods of Mississippi b.v rains, and long held In abeyance on the MTHIsslppi bottoms by
the overflow, so that 75 instead of 85 per cent of the breadth proposed
Is yet planted. The temperature has been too low aud moisture too
abundant for the best appcarnncc of cotton fieWv.
Louisiana has, of course, suffered most from jie overflow. There is a
deficiency ot about one-flfth the area that sUoi^ have been planted by
the first of May. which is usually aboiMriiine-tcuths of the whole
acreage. In several counties very little cotton has been put in at the
date of return. In some oouuties that which was planted in March
required replanting.
Four-tifths of the cotton of Texas planted— less than usual on the first
of May. Dniiight has prevailed In the South and West, and many planters have been uuablo to plow their lands
season for early planting.
The correspondent in Colora<lo County says: "Planting Is suspended unIt is said in Gregg that "the late frost injured the
til we get rain."
stand." That which Is up and cultivated is generally looking well.
The first stand was at many points killed or injured by frosts in Arkansas. There is more or less replanting in progress, and in the overfiowed
district planting was delayed for the suBsidence of the waters.
Tenncf See planting is nearly all in the usual state of forwardness,
looking fairly well, except where injured by low temperature and excessive moisture in soils not well drained.
The acreage of cotton will be reported on the first of June.
m
Ellison
&
Co.'s
Circtlab fob Mat.
—We have
ceived Mr. Ellison's circular dated Jlay
9,
Course of the Livbbpool Market, April 13 to
Oor
last report
waa dated April
13.
week
this
and we give
it
re-
below:
Mat
9.
Since then the market
has been almost uniformly qniet with remarkably few and
unimportant fluctuations in prices, but with the general tendency in favor of buyers. The fear of a "squeeze" in the
autumn has caused spinners to operate pretty freely, but the
demand has been just as freely met owing to the increasing
stocks here, and to the continued development of the Indian
supply. The lowest prices were t«uched on the 4th inst.
namely, 6 19-32d. for near deliveries and 6?4d. for August'
September futures. Since then there has been a recovery of
l-82d. to l-16d., at which the market closes steadily.
Snrats, althongb they have been in fair demand, have been
80 freely offered that prices are about l-16d. lower on the
month. Brazils are also partially l-16d. easier. Brown Egyptian
is >6d. higher; white is unchanged.
The following is an account of the principal fluctuations in
the price of Middling Upland on the spot and for forward
delivery during the month.
The fractional quotations for
" futures " are given in the 64rfts of a penny :—
1882.
April 13
"
May
'•
14
4
8
:
Apr,
Hay
May.
June July
Spot.
Aug.
Sep*.
J^ne.
Aug.
Oct.
Jvly.
Sept.
Oct.
Nov.
61116
6ii,e
658
6»8
6 52
6 45
G44
6 19
6 51
6 53
6 56
44
6 48
48
50
42
44
6 30
30
46
6 38
40
6 40
6 44
6 57
661
6 48
6 52
6
6
6
6
CouEflE OP THE Manchester Market, April 13 to Mat
9.
For a fortnight after the issue of our last report the market
•was uniformly dull, and prices gave way about
%i. per lb. in
the medium counts of yam and l^d. per piece for the
current
makes of shirtings. Subsequently the reduced steam freights
o India caused a number of orders to be given out in anUcipa-
tion of the
[Vol.
sxxsy.
improved demand which
is expected in June; and ia
rather large business was done, though without
leading to any general quotable advance in prices, the demand
being freely met at previous rates. Most sellers, however,
having either materially reduced their stocks or being fairly
under orders, are now asking more money, and market closes
way a
this
steadily.
Movements dueino the Season October 1 to April 30.
deliveries to English and Continental spinners during the
first sii months of the season compare as follow with the figures
The
for the corresponding period of last season
:
Qreat Britain.
1881-82.
No. of bales..
Av.wght
(lbs)
Tot.wght(lb8)
Bales of 400
lbs
Continent.
1880-81.
1881-82.
1830-81.
2,078.060
1,876,390
435
903,956,100
453
428
435
850,004,670
740,040,960
729,503,700
2.260,000
2,125,000
1,850,000
1,824,000
1,729,070
1,677,020
The average weekly rate of consumption in Great Britain we
estimate at 70,000 bales per week for this season against 68,000
last season, or a, total of 2,100,000 bales against 2,040,000 bales.
For the whole of last season, as shown in our autumn annual,
the Continent consumed an average of 56,840 bales per week
say 55,000 to 56,000 in the first, and 58,000 to 59,000 in the second, half ; part of the increase in the second half being occa-
:
sioned by the use of very low graded and exceptionally wasty
American. In October we estimated the requirements of the
current season at 59,000 bales per week, but as (in view of the
prospects of a less wasty American crop) many people thought
59,000 bales too large, we adopted 58,000 bales for the first half.
It is possible, however, that after all the quantity used may
have reached 59,000 bales, in which case the total used in the
first thirty weeks of the season would be 1,770,000 bales
against about 1,666,000 last season.
On the basis of the foregoing estimates, the movements for
the thirty weeks of this season and last compare as follows,
in hales of the uniform weight of 400 lbs.
Orcal Britain.
1881-82.
1860-81.
Continent.
1881-82.
1880-Sl.
Surplus stock, Oct. 1
Deliveries to Apill 30
25,000
27,000 240,000 112,000
2,260,000 2,125,000 1,830,000 1.824,000
Supply
Consumption, 30 weeks
2,285,000 2,152,000 2,090,000 1 936 000
2,100,000 2,040,000 1.770,000 1,666,000
Surplus stock April 30
185.000
112,000
320,000l
270,000
The estimated consumption in Great Britain last year includes
the extra takings discovered on counting the stock in Liverpool. It is thought that the corrections will be smaller this
year than last, owing to the diminished direct business done
by spinners; but whatever deficit may be discovered in taking
stock will have to be added to consumption. In this way it
may be that the average rate for the y«ar will exceed 70,000
bales.
Since the 1st October English spinners have, as shown above,
added 160,000 bales to their surplus stocks against 85,000 last
season; while Continental spinners have added only 80,900
bales against 158,000 last year. At present English spinners
hold 73,000 bales more than they did twelve months ago, and
Continental spinners 50,000 bales more. The excess on the
Continent is entirely in Russia, Spain, and Italj, with a little
in Austria.
Most French and German spinners hold less, but
some are said to hold rather more, than they did a year ago.
The stocks in the hands of English and Continental spinners
are 240,000 bales larger than at the opening of the season, and
366,000 bales larger than at the end of September, 18S0, so that,
in case of need spinners may, during the coming twenty-two
weeks, take 366,000 bales out of stock against only 240,000 in
the same period last season.
Prospects.
Time proves that the view we took
of the cotton outlook in
January was the right one, and, spite of the dishonest manner
in which our statistics and arguments have been misquoted and
perverted by interested parties, events have vindicated both
the accuracy of our figures and the correctness of our diagnosis of the market. A New York critic states that in October
we said that " the world required an American crop of 6^ to
6}^ millions to get along comfortably;" and yet he knows that
we never said anything of the kind
What we said was that
under certain circumstances the world would require 6,215,000
bales; but we went on to show that such a crop, besides giving
an increased consumption of 4,000 bales per week for Europe,
and 2,000 bales per week for America, would leave untouched
the enormous stocks with which the season commenced. We
said, moreover, that "if the stocks were reduced to the level
touched at the close of September, 1880, there would remain
481,000 available for consumption, in which case an American
crop of 5,734,000 bales would suflice for the probable wants of
the world;" and we also gave a table which showed that if the
stocks were reduced to the level touched at the end of Septem
ber, 1879, there would remain 815,000 bales available for con
sumption, in which case an American crop of 6,400,000 bale
!
,
.
IUt
wonid
THE CHEONJCLE.
27. 1882.1
aaffioo!
Finally,
we HUtod
that, with lanh
h sapply
m
1881-83.
" wbatevur flaotaationa may take plaoe
bt the ooane of the aeaaon, arising ont of the varyinv moodH
of pablio opinioc, the aoera^rs will be rather andxr ttiaa ovt<r
that of the previnas s-aflon." which was 63^d.; ao that onr
eritio not onlr beliee oar statement in respect of the American
we then oontemplated,
611
1880-81.
1878-79.
1979-80.
1877-78.
187*77.
Tot.Ap.30 4.438,238 8.359,356 4,634,867 4.307.978 4.000,790 3.834.78«
Muy 1....
8.384
8.
2.575
4,148
3,891
3,01»
" 3....
2.707
6,013
11.062
6.454
S.
8.861
" 8....
2,485
8,335
7.161
7.496
4.642
1.675
" 4....
B.
3,032
8.9K
7,317
4,512
4.633
" 5....
4.8)4
4,881
B.
2,1)32
9,488
4.696
•'
3.0ii6
8.
3.750
6,798
8,164
6....
4,017
" 7....
8.
6,174
8,726
4.063
8.243
4.383
•
8.
3,430
3,851
6,103
4,366
4.187
8....
" 9....
3,621
4,257
10,832
2.435
9,844
B.
"10....
4,886
1.053
1.794
8,170
8.07()
7.180
8.
"11....
3,935
3,138
8,841
S.430
8.575
"12....
8,999
4.107
B.
5,878
7,036
3,489
"13....
4.211
4.334
9,501
11,438
8.673
B.
" 14....
8.
3,161
2.890
3,300
6,214
4.167
" 15....
1,771
8,887
3.150
3,619
8.
2,044
•• la....
3,23Z
4,013
B.
4,803
2,075
9,045
2,607l
" 17....
3,102
6,630
3,718
8,681
2,895
" 18....
8,368
8.
2.061
6.311
2,703
3.634
" 19....
4,055
8.658
4.074
8.
1.304
8,199
2,612
4,097
B.
"20....
1,727
4,140
7,965
8.
8,096
2.750
"21....
2,696
2,927
7,026
" 22....
2,781
1,541
2,914
2,756
B.
2.915
" 23....
8.
1,484
2.522
3,120
10,770
894
" 24....
5.911
2,733
5,583
5,149
1,663
11,843
6,6-11
1,999
8.
3,058
2,385
"25....
1,447
" 26....
4,913
3,913
8.
5,068
1,171
3,708
also gtipprettticH tint important limitatioofl which
accompany that HtattMiu'iit. Hn hUII more groHsly mlsrepreaents what wu said about the K^yptian crop: and he omitii to
note that, in view of the uncertainty which surroanded the
matter, we estimated that India would snpply only about 60,000
bales more than in the previous seMon, and that the Brazils
would K>Te no increase at all.
At the close of the year it became clear that the American
crop was going to be smaller than we had contemplated; but it
also became dear that India would send at least 300,000 or
400,000 bales more than had been calculated upon; that a large
•xeeas would also be received from the Brazils; and that the
great markets of the world held much heavier stocks of goods
fban had appeared in October, and therefore that consumption
was more likely to be checked than materially increased,
especially hs prices, instead of being nnder 63^d., were at 6Hd.
for spotH ana at 7d. for distant futurea— in short, that the
whole aituation was completely changed; and yet our critic
would have us, in forecasting the probable future course of the
market, altogether to ignore the fact that in January we had
to deal with an entirely diflferent set of circumstances from
those which presented themselves for consideration in October.
As to the American crop, we all along expressed our inability
to estimate its eitent, owing to the widely divergent views
4.533,846 3,523,539 4,781,285 4,370,254 4,180,942 3,896,997
eipressed by correspondents, all equally honest and trust- Total
worthy. We denounced the preposterously high figures with Peroentag e ot total
94-99
08-47
96-50
port reo'DM Hay26
9403
9621
which some people opened the season, and we ridiculed the
equally preposterously low figures with which tho same and
This statement shows that the receipts since Sept. 1 np to
other people deluged the world in the autumn and winter. At
one time we thought that the crop would reach 6^ millions, to-night are now 989,693 bales less than they were to the aame
and in December we calculated upon 6,700,000 to 6,000,000. day of the month in 1881 and 197,439 bales leas than they were
We willingly admit that the yield has fallen short of what we to the same day of the month in 1880. We add to the table
expected; bat one authority, who ran the gamut of estimates
the percentages of total port receipts which had been received to
all the way from 7,750,000 down to 5,100.000 bales this season,
and was 500,000 wrong last season, ostentatiously claims to May 26 in each of the years named.
have been correct in both
This same authority expressed his
Issix Cotton Movbjcbnt feom all Poets.—aiie figures which
surprise that spinners were not extensive purchasers at 6%A. to
The adoption of such are now collected for us, and forwarded by cable each Friday, of
7d. per lb. while they had the chance
a policy as this would have driven prices up to l)id. or 7/6d. the shipments from Calcutta, Madras, Tuticorin, Carwar, &c.
per lb., and then would have followed the judgment. We enable us, in connection with our previoualy-reoeived report from
thought that, in view of the enormous and undigested produc- Bombay, to famish our readers with a full and complete India
tion of goods during the past two rears, it was better for consumers, before they bought largely of cotton at &%d. to 7d., movement for each week. We first give the Bombay statement
for the week and year, bringing the figures down to May 25.
first to ascertain for a certainty that the crop was an exceptionally small one, and then to satisfy themselves that, small
UOMBAT RECEIPTS AND SHIPWBMTS FOR FOUR TEARS.
AH it might be, it was not large enough, along with other supShipments
this Keek,
ShipTnenU nnee Jan. 1.
Seceiptt.
plies, to meet their full requirements.
Fortunately for themselves consumers adopted this policy; and in January we Tear Oreal OontiThit
SiTiee
Oreal
Oonli_ ,
Total.
Week.
Jan. I.
[BrWn. nenl. Total. BrUain nent.
showed that an American crop of 5)^ millions was amply sufficient to meet the wants of the world.
188239,000
64.000 G07.000 400.000 1.007.000 73,000 1.277.000
As to the probable future course of the market, we have 1881 20,000 25,000
36,000i56,000 199.000 371.000 570.000 43.000 340.000
really nothing new to offer. So far as the present season is 1880 15,000 46.00061,000 204,000 341.000 605.000 62,000 852.000
concerned, there is plenty of cotton, and spinners may take it 1879ll8,O00 23,000|41,000 I8:i,000 239.000 418,000 35,000 623,000
for granted that there will be no " corner" in the autumn. If,
According to the foregoing, Bombay appears to show an
later on in the year, prices advance it will be owing to bad
increase compared with last year in the week's receipts of 32,000
accounts of the new crop, and it will be time enough to talk
about thjm when we get them. Meanwhile, we do not look bales, and an inorease in shipments of 8,000 bales, and the
for much more important fluctuations in prices during the shipments since January 1 show an increase of 437,000 bales.
immediate fnture than have been witnessed in the course of The movement at Calcutta, Madras, Tuticorin, Carwar, &e., for
the past few months.
the same week and years has t>eea as follows.
crop, but
I
I
!
,
—
CoMPAEATivB Poet Rbceiptb and Dailt Crop Movbhbnt.
comparison of the port movement by weeks is not accurate
as the weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
laovement for the years named. The movement each month
'lince September 1, 1881, has been as follows:
•AliODtTA, MADRAS, TUTlCORm,
A
Ttar Beginning September
Monthly
Receipt*.
Bftpt'mb'r
October.
Noveinb'r
Decemb'r
.lanuary .
February.
March.
..
April
1881.
1880.
1870.
425,770 458,478
837,349 068,318
931,078 1,006,501
983,440 1,020,802
543,912 571,701
291,992 572,728
257,009 476,582
147,595 281,216
333,643
888,492
942,272
956,404
647,110
447,918
261,913
158,02.'.
1878.
388,84i>
689,264
779,237
803,664
613,727
566,821
303,953
107,430
1.
1877.
08,491
578,533
822,193
900,119
689,610
472,054
340;525
197,965
1876.
236,868
675,260
901,392
787,769
500,680
449,680
182,037
100,194
I'otalyfar 4,438,233 3,359,356 4,638,807 1,307,978 4,099,700 3,834,786
Pero'tafte of tot. port
reoeliits April 30.
01-23
I
92-74
06-86
04-34
04-96
Thia stAtement shows that np to April 30 the receipts at the
year were 921,121 balea less than in 1880-81 and
200,632 bales less than at the same time in 1879-80. By adding
to the above totals to April 30 the daily receipts since that time
we shall be able to reach an exact comparison of the movement
tor the different years.
porta this
.
Shipmentt
Tear.
Great
Oonti-
Britain.
netit.
1882
1881
1880
1879
5,6o6
7,000
9,000
OABWAR. BAITOOON
i'.ooo
6,000
A^TD
K0RRACHBE.
Sh\pmentt linee January
Ihit teeek.
dreat
Total.
5,006
11,000
15,000
BrUain.
Continent.
197,000
130,000
156,000
104,000
101,000
60.000
52,000
69,000
1.
Total.
298.000
190,000
208,000
173,000
The above totals for this week show that the movement from
the ports other than Bombay is 6,000 bales less than same
week last year. For the whole of India, therefore, the total ship>
ments this week and since Jan. 1, 1882, and for the correspondini;
weeks and periods of the two previous years, are as follows.
BXPOKTS TO BCBOPB FROM ALL DTDIA.
Europe
from—
Bombay..
All other p'rta.
Total
1881.
1882.
S'iioment*
to all
Thit
week.
Since
Jan. 1.
This
1880.
Since
Thit
week.
Jan.\.
Since
teeek.
Jan.
64,000 1.007.000
298,000
56,000
5,000
670.000
190,000
01.000
11,000
605.000
208.000
64,000 1,305,000
61,000
760,000
72,000
813.000
1.
statement affords a very interesting comparison of the
total movement for the week ending May 25 and for the three
yean np to date, at all India porta.
This
last
—
Alexandria Reobifts and Shipments. Threugh arrangements
we have made with Meiwrs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
of cotton at Alexandria, Egypt. The following are the receipts
and shipments fur the past week and for the coiresponding wt»ek
of the previona
two yean.
. .
—
.
„
.
THE CHRONKJLK
612
J.Uxand7Ha, Egypt,
May
Beoeipts (oantars*)—
This week
Since Sept. 1
5,000
2,752,000
2,000
2,821.720
This
Since
This
week. Sept. 1.
1,300
3,201,000
Sept.
Cotton freights the past week have been
Since
This
week. Sept. 1
Since
vteek.
1.
(bales)
To Liverpool
To Contiuent
"
. .
Total Europe.
A. cantar Is 98 lbs.
1.500 239,200
500 170,371
1,000 230.750'
139.6321
3.000 286.000
1,200 171,711
2,000 409,570
1,000 370,3821
4,200 457,744
—
Oott'n
8>4
Shirtings.
lbs.
Tuntt.
SH
32« Cop.
IwUt.
Mid.
Uplls
Tues.
R,
d.
s.
Ucli24 99ie®10>4 (5 7i«®8
•'
31 9"l6®10>8 6 6 as
Apr. 7 91iK®10l8 6 6 33
" 14 938310 6 4'ii37 10>s
" 21 938®10 6 4I337 9
" 28 938»10 6 41337 9
May 5 938810 6 43a37 9
"12 938»10 6 41237 9
" 19 938310
6 4ifl37 10>2
" 26 ysgaio 6 4i«37 104
d.
d.
Bl'rfl
9
9
9
a
3
3
9 a
8% a
85a 3
858 3
8=8 3
858 3
658
6*8
6lli«
6U,„
611,
658
6»a
658
658
858®
d.
9'8
O'e
9^8
973
9=8
913
91a
912
91a
91a
lbs.
Shirtings.
CotVn
Mid.
Upids
d.
d.
6
6
71537 9
7I337 9
P'«
6
9
9
6iie
8.
38
®3
51(137
6
Boston.
81a
ft'^is
51337 81a 51618
5ia37 Sia 5''8
6 5ia37 8ii 5%
6 5ia37 8>s S's
6 5ia37 8ial SI^ib
6
Philadelphia.
Fri.
sail... (J.
5ir-i'32* «10-"32*
e.
Haas's* 'l32338> "32® 38*
e.
he
.c.
sail
°i«'
e.
Oambnrg, steam.ti. l4®5i8. "435i6* l4®Sig« •435ig* l4®6l6* H-aiha'
Do
saU...d.
Amat'd'm, steam.c.
Do
Baltic,
Do
'
I4*'
•4*
14*
14*
sail...d.
steam
316-1364* 3l6-13e4* 3lf,-13e4'
d. ^16-"6l' 3l6-"64*
sail
c.
Compressed.
Liveepool. By cable from Liverpool, we have the following
statement of the week's sales, stocks. &c., at that port:
week
Sales of the
May
May
12.
Baltimore.
75,000
13.000
3,700
47,000
11,000
13,500
986,000
622,000
79.000
40,000
436,000
183.000
63,000
8,800
3,700
40,000
3,700
15,500
990,000
632,000
105,000
59,000
446,000
181,000
bales.
Of which exporters took
Of which speculators took..
American
Bales
Thb Following are the Receipts of Cottos at New York,
Boston, Philadelphia and Baltimore for the past week, and
ince September 1, 1881:
Ncu) York.
Thurs.
Wed7ies.
19.
Ifai/
26
A.
R.
6
6
6
follows:
ie®3i8 3323 llc4 33231184
ia®3i8
May 5.
d.
d.
d
a,s
—
1881.
1882.
32» Oop.
Do
Havre, steam
Do San
B»emen, steam,
Do
This statement shows that the receipts for the week ending
May 25 were 2,000 cantars and the shipments to all Europe
were 2.000 bales.
MASCHB8TKB Mabkbt. OttF report received from Manchester
to-night states that the market is steady, and that prices are
unchanged. We give the prices of to-day below, and leave
previous weeks' prices for comparison;
Mon.
Satur.
Liverpool, steam d.
Exports
XXXIV.
Rio Gbanoe, steamer, from Galveston for Now York, before reported
on fire and sunk at the Delaware Breakwater. The Rio Grande
was raised and arrived at New York May 19.
1879-80.
1880-81.
1881-r<2.
25.
[Vol.
Actual export
Forwarded
Total stock -Estimated
Of whtoii A jierican- Estim'd
Total import of the week...
Of which American
Amount adoat
or which American
68.000
11,000
1,800
42.000
14,000
18,000
991,000
609,000
92,000
39,000
420.000
170,000
71,000
8,500
2.000
48,000
13.500
10.000
9?9,000
613.000
81,000
60,000
405,000
130.000
The tone of the Liverpool market for spots and futures each day of tha
week ending May 26, and the daily dosing prioes of spot cotton, have
been as follows:
Jteceipts
from—
This
Since
week. Sept. 1
This
week.
Since
Se2>t.
1.
This
Since
This
Since
week. Sept.l. week. Sept. 1.
Saturday Monday.
Wednes. Thursd'y.
Tuesday.
Frutay.
4>o(.
N. Orl'ans
2.8O0; 201,035
Texas
Savannah
460 118.431
1,844 236,010
Mobile
Florida
3.676
36,907
4.863
2,226
7,329
2,378 162,527
565 68.336
1,093 180,495
1,832
""8i)7 157,301
249
3,545
B.Car'lina
N.Car'liiia
TirRlaia
Korth.pt6
Tenn.,ic.
Foreign
985
39 31,046
70,666
630 23,867
26
477 53^078
2,187 98.811
1,924 215,198
3,121 70,537
302
18.986
79,182
'268
19,356
56
Mod. Inq,
Good
Quiet
Good
Market,
freely
demand
dem;ind
and un12:30 p.•«5 changed. supplied. freely met freely met
Mld.Upl'ds
6»16
6 34
0%
6^1
taia.Orl'ns
6%
10.000
10,000
12,000
12,000
Sales
2,000
2,000
2,000
8peo.& exp.
2,000
Dull
)
Firm.
Las t rear. 11.389!
'1,136.841.
15,649 380.310
t
1
1,055,413
!
3,160
2,211 212,113
2,03173,403
8,063 223.406
101,583
—
Market,
5 P. M.
Firm.
To Liverpool, per steamers City of New York. 529
ew Tork—
....Gennanlc,2,218....Republic.l,659 ...ScyUiia, 191....
Wisconsin. 500
Spain. 1,006
T« Havre, per steamer St. Germain, 660
Neukar, 389
To Bremen, per steamers Elbe, 633
To Hamburg, per steamer Lessing, 275
/une-July
July- Aug
610B4
560
June- July
4,376
Liverpool, per bark Maerdo, 972
To Bremen, per brig ThemlS) 850
Baltimore—To Liverpool, per steamer Hibernian, 1,164
To Bremen, per steamer Leipzig, 1,487
Boston-To Liverpool, per steamers Atlas, 1,298
Iowa, 2,525
....Missouri, 3,eo5
PjliuoiELi'iiiA—To Liverpool, per steamers Lord CUve, 2,0o0
....Ohio, 1,500
Total
972
850
1,164
1,187
Baltimore..
,
Boston
Philadelp'a
Tera
burg, haqen.
Cruz.
l.li'J7
1,500
4,376
972
850
1.161
7,428
3,500
1,467
May-June
June-July
Total.
729 21.114
400
NOT.-Dec
Feb.-Mar
63084
Oct.-Nov
'
July-Aug
June-July
62*64
62804
635,4
May
63Bg4
636g4
6*084_
May-June
June-July
03Sg^
Aug.-Sept.. 64464343gJ
Sept.-Oct
638^3
Wedmesdat.
May.
July-Aug
?e4
.May-June
June-July
630(j4
63664
6*164
July-Aug
|
6*084
6**84
Aug.-Sept
®4384a«64
63884
62784
63984
Sept.-Oot
I
I
Oct.-Nov
8ei)t.-Oct
1
Thubsdat.
July-Aug
642g4 3)43^4
July-Aug
6*464 July-Aug
Aug-Scpt
6*884 Aug.-Sept
May -June ..63S84®3984 May
June-July
6*084 July-Aug
Aug.-Sept
6^3«4®"64
Sept.-Oct
Sept.-Oct.
6406434184
Oct.-Nov
63984
.63984 3 38^4
Sept.-Oct
..637g4
..637^4
May-June
6*284
63I54
""4^
619ST
6!994
644g^
648jj^
Aug.-Sept
Fbidat.
May
,
.
June-July .640^4^3984
July-Aug.. 6"64*''364
Aug.-Sept. 64364®47j4
.
6*184
63084
63»84
64284
Oct.-Nov
May -June
Sept.-Oct
May
63884
esSg^
May-June
JunenJuly .. 63884 aSBg^
July-Aug.. 642j4 *43g4
.
.
BREADSTUFFS.
2,651
7,428
3,500
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
PuERTOKiQUKNO, Steamer (Span.) At 3:50 P. M., May 17, two bales of
cotton wore hoisted on board steamer Puertoriqueno (Span.),
loading at New Orleans, and were about to bo lowered luto the
hold, when they were found to be on fire. They were immediately
liut bacli on ihu \;'Ax:t and tlic Arc eitiugulslica with slight damtgo.
Sept.-Oct
|
3*0g4s33j4
4.376
1,822
400 1.814
Total... 25.427 12,871 8,010 1,500
729 51,151
Inclmled in the above total from New York are 400 baloa to
Am.sterdam.
d.
637g^
633^^
eiOa*
628a4
63744!
Aug.-Sept.. 6*284 34384
Sept. -Oct... 63884337(4
62684
Oct.-Nov
336g4^3564
Joly-Aug
May-June
9,860
1,814
40O
Savannah..
Te.vas
Ham- Oopen- Barce- Mai-
I
I
Delivery.
.Mav-June
Jime-July
I
63484
634^^
635^,
June-July. . 638e4®39^4
Bremen
I
Tuesday.
May
3,500
51,151
560
6,103
6,260 12,311
free.
esSg^
6*ie4l June-July
640,^
Aug.-Sept.. 6*5643**M July-Aug
63884 Aug.-Sept
04384
Sept-Oet
May-Juue.. 63684®35g4 Sept.-Oot.. .639«4®3884
®3784a»864
May
particulars of these shipments, arranged in our usual
form, are as follows:
N. Orle.ins.
Charleston.
Offering
July-Aug
635e4
635^^
638«.
7,423
The
New York..
previous
quotat'ns.
MONDAT.
May-June
1,500
6,260
6:18(54
'ai38^a35„
May
u
I
6**«4
3*5j4®46gj
®4:at®42,
May
400
d.
Aug.-Sept
Sept.-Oct
729
400
Texas— To
aga.
Delivery.
d.
636^^
6375.
6,103
Alice M. Minnott, 3,836.... per bark Carrier Dove, 3,408.. 12.311
1,814
lona.
Sell en at
SATUllDAT.
Delivery.
May-June
275
To Malaiia. per steamer Espanol, 1,814
To Vera Cruz, per steamer Whitnoy, 729
Charleston—To Barcelona, per brig Pluton, 400
Savannah—To Bremen, per sliip George Washington, 4,376
Havre,
Shade
firmer.
sales of futures at Liverpool for the same week are givon
below. These sales are on the basis of Uplands, I>ow Middling clause,
unless otherwise stated.
1,022
To Amsterdam, per steamer Amsterdam, 40O
To Copcuhngcn, per steamer Geiser, 1,500
Hbw ORLEANS—To Liverpool, per steamer Australian, 6,260
per ship
To Havre, per steamer Puertoriqueno, 5,067
vool.
Barely
steady.
Dull.
In buyers'
favur.
favor.
teady.
Total bates.
<£•
10.000
2,000
The actual
SHippraa News. The exports of cotton from the ITnited
States the past week, as per latest mail returns, have reached
61,151 bales. So far as the Southern ports are concerned, these
•re the same exports reported by telegraph, and published in
the Chboniclb last Friday. Vtith regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week:
Liver-
65a
6'3i8
15,000
3,000
In buyers"
but
Steady.
J
4,588 414,789
Quiet.
firmer.
Futu)-es.
Market,
12:30 p.m.
This year 10,2S6|
Active
and
The
flour
market has been
in
Fbidat, P. M., May 26, 1882.
the same position as last
much
week. The transactions in the main have been moderate, and
the lower grades, more especially of winter, have been somewhat depressed, though choice flour from spring wheat has
been held at firmer prices, patents of high grade in particnlat
being strong in value, owing to their comparative scarcity. Th«
receipts of winter wheat flour have been very large, and holdefll
are aniious to prevent an accumulation here. The milling capad-
I
:
May
:
:
.
THE (HRONKJLE.
27, 1868.]
()13
a
ity uf this countrj'
wheat of
inor<>a8tid yield of
dull,
said to have mor>) than kept pace with the
ih
late years.
To-day the market waa
vioQS three years
as a rule weak.
and
Wheat hsH been
aM a rale, for export, and the speculation has been Hpaxmudic and on the whole letui active, though
(juiet,
on one or two days the transactions reached a liberal agffregate.
The recripts at the West, however, have steadily decreased,
and this fact, together with unfavorable weather for the crops,
cansed an advance early in the week. Latterly, however, the
better weather at the West and generally favorable crop advices
have caused a decline, to which the adoption of a resolution at
Chicago to allow a higher grade to be delivered on contracts,
calling for either of the contract grades, has also contributed.
that only the fact that the bull clique at Chicago
It is stated
Comparative receipt* (crop movemtnt) at wine portx froa
Aagnat I, 1881. to May 20, 18S3, as oompared with the pr«-
hold the bulk of stock now there prevents a serious decline.
shorts thought it prudent to cover early in the week,
but have latterly shown less anxiety; and the number of bears
is said to be steadily increasing.
To-day the market was dull
and Ic. to l>6c. lower ; No. 2 red sold at $1 46®?! 46M for May,
?1 46@$1 46^ for June, §1 30@|1 30?4 for July and $1 21
?l 22 for August. The export trade was slow, notwithstanding
that the Liverpool steamship companies have latterly been
paying ^c. per bushel for the privilege of shipping the grain
The June
%@
:
IBSim.
flour
WllMt
Com
1B80-R1,
7,057,100
0,480,107
bbli.
Indian corn has been irregular and unsettled,
fluctuations early in
now
declining,
the week being
But within a few days signs of a
month have become noticeable, and very large
conflued to a narrow range.
comer on
this
311.938.053
,.
02.026.318
80,539.307
7t,2!«2.:ia4
25.0ii'i.a9O
11.6(13.107
9.lM0,5«J
Kya
3,563,139
Tolal grata....
174,731,144
4.l67,l>»r
agreement to adjourn over Monday next as well as Decoration
it necessary to settle contracts on Saturday.
The
later deliveries, however, have been weak, as the receipts
at the West show a decided increase. To-day prices suddenly
fell 1 to 3>6o the greatest decline being for May, the remaining short interest in which is now believed to be trifling. No. 2
mixed sold at 83 /^c. for May and 79c. for July; the export trade
103.272,779
212,380.81'3
lS9,',i07,703
Comparative shipment)) of flour and grain from the same
from Dec, 26, 1881, to May 20, 1832, inclusive, for four
porta
years:
Flour
bbU.
(VI: eat
bush.
Com
1881-S2.
2.818.873
1880-81.
3.201.495
1879-SO.
2,010.031
1870.79.
2,603.513
8.335,580
10,104,795
27,:34,310
10,737.111
11,833,797
3S,493,3S3
18.328.272
25.600.639
7.:iOI,3U«
1,« i5,399
7,794,i;(il
l,4«'l.30:»
930,317
770,479
1,863,021
1,053,148
fl3.3>3,62^
34.242.474
29,30<<.3ia
11,335.832
1.932.745
1.115,018
v'a'.i
Sarloy
KjO
Xolal grain....
52.015,500
67.261,023
Kail shipments from Western lake
and
river ports for the
weeks ended
1882.
1881.
1880.
Week
3Iai/
Flour
Hay
.'0.
bbls.
l>i,053
Wheat
bush.
140,913
231.397
499.543
39,746
43.0U0
Cora
Oats
Barley
Rye
979,924
Otal
transactions have taken place at au advance of 3c. per bushel, the
Day making
lITTg^o'
A.313,750
btub.
Uata
Barier
Rail
Flour,
bois.
—
18 1,03.1
623,712
49(i,31S
1 ,373
1.233,010
m51,397
50.302
38.107
1,753.217
47,230
33,32({
2.170,034
143,333
last four
Oals,
bush.
bush.
1.021.332
1,490,019
2,195,447
2,149.663
065,976
2,688.657
8,033,707
6...
521.910
51,990
1,437.357
Corn,
4 wk8.504,895
Iw'ks'Sl.. 554.033
May
407,202
bush.
April 29. ..124,236
.Miiy
Week
ilau 24.
05.271
.532,720
72(1.336
Wheal,
770.033
872.«77
491,933
541,353
20. ..156.112
13. -.141. 144
187».
.Week
iliy 22.
80, 1 k;
1
and lake shipments from same ports for
Week
endinfj
May
2
131,490
free of charge.
and now advancing, the
1870-80.
4,402,275
weeks:
Barley,
bush.
Rye,
busk.
39,716 126.692
41.793 130.890
39.'>65 24.18*
93,26J 45.26A
35.5.912
378.422
630.754
,
wa'< small.
ended
Rye has been quiet and without marked change.
Barley
Is
oat of season, and malt is dull. Oats have been irregular and
quiet on the spot, though there has been considerable business
on speculation; prices declined materially tc-day after some
covering of short contracts, the heavy receipts at the West
having a depressing effect; No. 2 mixed.sold at 585^c. for May,
S6^c. for June and 54^c. for July.
No. 2 spring. ..y
No.2wiiiter
bbl.
FU)UR.
$3 259 3 75 City ehlpplne extras. 86 63a 7 00
Superllue
Bprtng wheat extras..
do bakers'
ic Mien, rye mix.
Minn, clear .ind stru't
Winter eliipp'g extras.
du XXaudXXX...
Wis.
Patents
3259 400
Southern bakers' and
5
fi
.
G00»726
7 75»9T5
Wheat—
»
Buckw'tflour.lOOIbs
Oats—
Mixed
35
White
White
1
'31
-31 48
SI
3144
73
83
West. mix. No. 2.
83>-2
4
Western yellow..
Western white ...
Southern white..
Southern yellow.
UO
61
95
90
88
91
3
lots
Boat loads
46>4
30
3
S4".j
31 00
3 ....
3 90
9
BarleyCanada No 1
Canada bright...
62
3
1 IS
1
62
67
...
...
»
20
1 10
a>i 15
105
125 ®138
1 00 ®1 08
1 10 31 15
Canada
State, 2-rowed ...
State. 4-rowed...
iFrtin Ihe" .Vcie Tork Pi-nliff Rrrh'viii: Winkl/.")
Beceipts of flour and grain at Western lake and river porta
for the week ending May 20, 1882:
Flour,
bbii.
AtOUoaKO
HUwaukee
(196 »(.)
43.223
55,226
326
Toledo
Detroit
Cleveland
at. Louis
Peoria
3,239
2,200
29,110
2,110
2,500
Dnlath
Total..
Same time
Wheal,
<7om.
bitsfi.
Ibt.)
(60
21,154
4>1,170
152.841
51.803
150.100
4,075
65,413
bitsh.
(56
Ibt.)
020,086
35.990
42.679
26,933
4.200
205,290
136,500
Oali,
Barley,
bush.
bush.
(32 lbs.) (48
(56
lbs.)
331,454 41,441
2S,0d0 2I.I1O
6,977
3,200
6.582
5,200
126.310
85,350
Ki/e,
biisK.
Ibi.i
13,264
6,540
458
2,738
7.279
13,230
1,071
13,000
137.939 497,200 1,371,683 609,953 92.04 1 36 353
'81. 20?,516
8d4,UB7 2,400,737 1,320,531 113,271 32.107
Total receipts at same ports from Dec. 26, 1881, to May 20,
.
1882, inclufiive, for four years
Floor
bbl8.
Wiieat
bush.
Com
Rye
Total grain
1881-82.
3,001.303
1880-81.
3,3&2,970
11,934,372
14,723,822
4,341,403
899,064
15,144.453
31,197,909
12,403,960
3,484,017
687,533
17,002,781
52,300,549
10,121,321
2,262,420
834,419
64,892,929
66,017,064
82,571,490
32,9D4.2ti3
Oats
Barley
....
bbls.
81.367
51,297
Boston
Portland
Montreal
PhUadelphla...
Baltimore
New Orleans...
Total week.
1879-80.
2,229,333
1878-79.
2,56J,194
900
900
165,786
61,400
42,700
226,065
720.703
Com,
OaU.
bush.
Barley,
bush.
Rye,
bush.
504.507
149,930
2.800
43.736
68.700
49,900
91,335
159.698
46.330
67,447
910,9.=^?
364.40
bush.
51,1.30
1.000
I. '200
73,6»7
7,010
;3.550
25«
18.000
36,880
6.0UO
1
31.366
73.69«
week '81 173.328 2,354,647 3,940,893 443,433 41,100 104,673
Total receipts at same ports from Deo. 26, 18S1, trt> Miy 23,
1882, a<i compared with the previous three yoars :
1881-82.
1890-81.
187930.
1878-79.
Flour
bbls.
4,366,813
5,168.423
3,il9.9M
3.991,943
Cor.
bush. 10,039.190
14,395,404
8,934,153
2,233.332
Totalgraln
The
....
22.370.031
50.010.270
8.133,395
476.101
27.133.160
35.211,199
8.374,900
1.935.303
729,871
595.833
32.310,754
43.16a,929
7,606.768
1,389,367
1.425,450
37,133,203
73,403,250
83,303.717
83.902,268
1,363. 66J
supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, May 20, 1882, was a«
visible
follows:
In store at
Wheal,
bush.
1.545.031
—
Do. aQoat
(est.)
Albany
Buffalo
3hlcasr>
„
.Milwaukee
Duluth
Toledo
Detroit
Oswego
Louis
Boston
Toronto
Montreal
at.
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
Down Mississippi.
On rail
On lake
On canal
Tot. May 20. '82.
Tot. May 13, '82.
Tot. May
6. '82.
Tot. April 29, '82.
Tot. April 22, '82.
Tot. May 21, '81.
The
Com,
bush.
1,024,963
423,000
460,000
8.70O
45,000
359.874
87,410
2,637,110 1,556,696
840,237
40,217
330.906
292.408
32,325
102.236
22.125
50.000
60.000
278,111
295.263
4.379
153,252
247,378
63,534
52,915
92.007
91,757
8,225
134,670
179,900
78,000
81.000
76,016
362.298
237.735
1,9U9
33,720
351,304
623,003
977.159 1,736,065
646,000 1,317,000
OaU,
bitsh,
140,253
181.000
16,700
12.953
117,417
800
7.846
10,502
24;i77
154,333
0.413
56,139
183.673
151.572
12.700
14,153
4.136
603,412
166,428
25,860
9,394.221 8,158,139 1.896,678
10,203,331 8,551.281 1.87:t,675
10.313.306 8.897.941 2.063.033
10.577.343 8,107,217 2,169,813
10.309,461 8,319,320 2.222.247
10,561,330 11,233,009 3,721,218
Barley,
bush.
Xye,
467
bush,
128..52S
3,803
45.223
25.248
30,000
89.600
17,532
140.472
32,717
2,138
56.000
2,560
4,218
3.212
123,000
53,30»
7.31'J
11,700
50,533
2,174
130',093
12,209
2.312
30,746
5,030
45,09O
21,602
93,000
189,701 909,119
264.406 1,003,018
414,418 1.092.785
GU9,185 1,092,759
644.084 911,293
737,502 267.557
following statement, prepared b^ the Bureau
shriw the exports of domestic breadstuffs
undermentioned customs districts, during the month
1882. and for the ten months ended the same, as
with the (Kirrespvadiug months of the previous year
tics, will
67,080,440
Wheat,
bush.
449,922
14.534
16,934
20,379
21.004
New York
Barley Malt—
91>a
Flour,
New York
Uats
Barley
59 3
62 3
59 3
61133
No. 2 mixed
No. 2 White
State, 4-rowed...
State, 2-rowed...
!)2
20:
Rye
«1 36
i
Spring. per bush. $1 15
Spring No. 2
128
Keel winter
1 2i
Red winter. No. 2 1 46
Corn— West, mixed
May
—
A.t
00» 5 15
family brands
690» 850
003 6 UO Sjuth'n sllp'g extras. 6 103
65
6 75» 8 00 Kye flour, superllue.
4 203 4 60
6 503 7 SO Com meal6 00 a SCO
Western, (tc
3 903 4 50 Wheat
5 00d 5 50
Brandywine. <%c
4 50» 4 60 Cora
4
ORAIX.
Eye—C'ar
839,3112.029.091 217.369 327,030
424.434 2,282,877
132.338 122.249
Receipts of flour and grain at seaboard ports for the week
Tot.,
of Statis-
from tba
of April,
compai«d
——
«
:
THE CHRONICLE.
614
W!2{
o o o o Ss c S^cp 9= P ED S"< < s
^2
- C-SB Sod
OO'
SS
-
ct
*
•
o
.
D
^Ph-M
I
\
•
SA
e B
COOO
ODCD
a> cb
..•
& 3h-
growing crops, upon which the future of business so largely
depends. The jobbing trade has ruled quiet, owing to the fact
that retailers have not yet been enabled to reduce their stocks
to the replenishing point because of the backwardness of the
83
:
.
•
season.
00 00.
MtO.
00 OD
*£ O) ro
CO
-J*
^tfi-OO
a»
i^'
COIOCCOO
OyMW
to
coo
CJiM
coco
OOCJ'OOU'
c>*-Ooaco-^caoacc
to'JP'Co'^
OiCiODC
•O CO to *.
MOD root
coot 3 O'
to
MUICJIW
tOM<]M
»o OS o c: CO 00 OD
CJ Of pip 5" OK!
05
Oi
tax CO 'r
00(010
toocoo
C:<0;-3M
*MODC0 —
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o'li'MO-'l'toic
tOOiOOCOO'H'^Ol
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\ CO O"
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"to
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X
cooVcoc:^
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ita.
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tt^
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—
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UC tO^ — X
— M -oV^-b^b
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to
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to
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-£)
CO to
c.*lc;>wto^^
tctoto>b.
<lOiC<CXCOOOii:^
tt-pM^*M^rlt-t:
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— O)**
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wq: M OTT
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oi
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toa-i-
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--xnorf*.
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en CO to ji.h-0
C:
co^oo
itiO
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009
c;i*-]ta
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y
>
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WClOi cocclo
-Cn<IO ooyt to too
>0?-J0 CO to to CO CO CO
*-a.(t.o
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to ^too_
^t-O
eft
coo
;dioo: Q( Oi'X
-'V]o"lOCDOM
i c« to
-*
O
'-'
COMOX
O—
Ca o OJ
tf*-**
i-COO'M '.CCOCl oioto
bbV
c«:
co:
M;
M-
:
fabrics.
.^t
to
O^Mm
xxCJic;
Vicobcc
COO-^JCC
XOi>— -^
—
Domestic Cotton Goods. ^The exports of domestic cottois for
the week ending May 23 were 3,165 packages, including 1,326
to China, 1,049 to Great Britain, 343 to United States of
Colombia, 111 to Hayti, 82 to British West Indies, 63 to Brazil,
54 to Argentine Republic, etc. The tone of the market has
been very quiet, but prices of the most desirable plain and
colored cottons were mostlj' steady, and there was no pressure
on the part of holders to force goods upon unwilling buyers.
Some considerable sales of low-grade bleached goods were
made by means of slight price concessions, but the better
qualities ruled steady. Brown goods are unchanged, save in
the case of light weights adapted to conversion purposes, which
are a trifle easier. Cotton flannels are closely sold up to production, and large shipments of these goods will be made
shortly by buyers for interior markets. Colored cottons were
quiet in demand but prices remain steady in leading makes.
Print cloths were quiet with a drooping tendent^j-, sales of
extra 64x649 having been made at 3% less 1 per cent, and 56x
60s changed hands at 3 5-16@3%e. Prints were mostly quiet
and ginghams were in irregular demand and un.settled, Kenfrew ginghams having been further reduced to 10c. per yard.
Domestic Woolen Goods. It has been a very quiet week
in the woolen goods market as regards new busine.ss, but heavy
clothing wi.'Olen.s continued to move in fair quantities, on account of tack orders. Spring woolens were dull in flrst hands,
and the jobbing trade failed to realize expectations. The clothing trade was disappointing in volume, and the demand for
cloakings was irregular, and upon the whole sluggish. In spite
of the very moderate business indicated above, prices are without quotable change, and the most desirable goods for men's
wear are well under the control of orders. Kentucky jeans
have been more sought for, and some liberal sales of low and
medium grades were effected by agents, but at prices that left
little, if any, margin of profit to the manufacturers,
flannels
have not received much attention as yet, and the demand for
blankets was strictly moderate. Dress goods have as a rule
been quiet, but greatly reduced prices have enabled agents to
close out some large lines of lace buntings and other summer
•0*0:
woo;
XXXIV,
about ready to begin operations for the fall trade, but they hare
for the moat part bought very sparingly as yet, because of the
uncertain, though generally favorable, reports about ths
(D
2,
oc^.g':
c
§5
t
OOQO
0000
iro ®
ps
S.E O
[Vol.
<»;
•
CO
M
:
•
tn
FoBBiON Dry Goods have been quiet in the hands of imand the jobbing trade was only of moderate proportions, but prices of the most staple fabrics are fairly maintained. The offerings at auction were varied but unimportant
and few of the sales resulted satisfactorily, owing to the lack of
demand by the attendant buyers.
F
'
MOO^
m; OMxi; cox
porters,
•>
>^-
2 a
M
X<J
toacjirf^
CO
O
c:
C- M ** " OC-q
t»~
I
CD <I CO to
-^<imtc
-OM^l Vjood'OlOK
LO to CO MtOtO oicxtc
JMpOO
pcooo
-^ C" o:
cooio©
Importations of Dry Goods.
The importations of dry goods at this port for the week
ending May 25, 1882, and since January 1, and the same facts
o^icolt-'ba;ib
CO-J«tO
for the corresponding periods of 1881, are as follows:
COit^CO^J
MMt^
MM to pM_tO_
I-
0*3 *-x
3*;. 10 CO
W o
0DC3C:
rri
r:
r**
tlie foregoing totals are the reports from Milwaukee,
Haven, Ponlaud, Kiclimond and WilUimette, the details for April,
•Included in
New
18b2, being as follows
2iilwau-
Barlcy—
kee.
Keu>
Baten.
Fortland.
Rich-
mond.
£
gssS'!§
s>4
Willamette.
CB
o
Bufuels
Value
.
:
•
•
:
g;
$
Indlau corn—
Bushels
Value
Indian
$
coiTi
meal-
Barrels
Value
ox
MM
tool
oo
$
Oats—
Bushels
Value
$
Pye-
00-1
MfcO
Busliels
Value
OCn
$
WheatBushels
Value
Wheat flour—
11,283
82,284
$
Total values
April, 1882....$
April, 1881 ....$
10 months
1882
1881
>Ik
21,000
« 379.010
$ 352,594
4,600
329,012
57,107 212,422
43,565 1,258,433
82,284
92,567
29,257
188,010
ox
xo:-^MCO
M X CO 3i 11"
ooi — too
•^x — cnx
CJ'XCO-IO
^3
cob CO CO 03
O O to
ooxro
COCCXMCS
00
COrt^OtCO-l
bb X M O
CO
rf*.WMCOM
O^
O-ICO-I
OOiXCJtX
rf^OlP^XtO
o>p
MM to to to
CD*-'
cob'—b'-i
WOCC>t-**
wobopco
xb'oitn
btXh-MXO
1,391,451 5,890,974
1,430,901 2,053,219
was spasmodic, irregular and
light in the aggregate amount, both jobbers and retailers
haTing governed their purchases by actual wants. Some few
large transactions in summer dress goods, Kentucky jeans,
&c., were stimulated by exceptionally low prices, and a slight
impetus was given to the demand for certain makes of ginghams
by reduced quotations, but otherwise purchasers were almost
wholly of a hand-to-mouth character. There was a moderate
influx of package buyersfrom the West andSouthwest, who are
for seasonable goods
O O M CO
CC tC *^ ^1 CO
^'*
212,y:!l
Fkidat, p. M., May 26, 1882.
The dry goods trade has contiaued quiet the past week, and
the condition of the market has not materially changed. The
10
XMrf-iU'CO
M t^CO
— MtO
^O
400,317
THE DRY GOODS TRADE.
demand
rf-o
XW«-'X't-
t-T
(
-^j
fj-.
212,743
212,301
$
Barrels
Value
XtO^M^
U CO
^i X
CO 0( O
Mrf*
XtO
O-l
<1
O
iP-
to
Xif*-
ox
"JOOOiX
a. CO ci
COM
X^
MMtOtOCO
cocjippp
xcob'iocn
MCJI
MtOMOcb
XOi
en
Cii
01 f-" 03
M
KJH-rfki-'X
g
XtOMMlO
X CT M 10
X 10 o o
M tu X w aj
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O X Oi
cnrfi.
:j'
aiO
to to
*-
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MX too
10 1— to a ^
*-xco<io
IP'
to
C)t
tf».
MMWMM
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tt en
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tncccupiofifi
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-4
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>-' tc CO J--^
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tt^v-iojoaco
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f
xoirf^co'x
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tn
OX
iobbi'o»c)>
if^tOMtOCO
COOCOCOO
c- to to
w
p
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MO
VI CO
WW
xo
to -J
to 'rf-b
•^J -^)
MoVjCDW
tOOOfcO'J
o^»t^toco
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-J
'-'•
to
o to
^•ptftoo
CO -^ OS too
to
ococx*
>y»*-ocoH-
b
MO CO to
CnMtOC*«M
M gi to
CJ'
CD
xa
.
:
Mat
:;
W. W.
Bank
IJFI'OWT OF
Farmer,
I\
hUi peni<MiiU Httviitlon -tnd all his ttmflM'Wuma profotalun. KefBra to Hankof MoNroe.
&
Co.,
BAMKKB8 ANU BRUKBK8,
N«. 7 Wall Htnml.
iUllraw), MlnlnK. knd other Btookt, Bond*. *U>~
bo<uht >nd lold on Conmlulun.
a. A. MAURIAC. Memlwr N. Y. Stooli Kxohana*
HOWLANO.
M. M.
Bl.Sll6l>.
&
Schmidt,
Olliffe
BROADWAY A No. 13 NEW ST.,
BKOKKKM FOR TIIR PURCHAHR AND
MALE ttV KAILKUAD MKCVKITIB8.
CUKNBUUS W. OI.LIKFK,
Member o( M.
HUMUMD P. SCHMIDT.
Member of
T. Btook KzohanKe.
N. Y. 8tuok Bzchaniie
&
Randall
tininviui,
I11.TB7.M; Kl
on imndipar Tajn^). ..,.*..,
other tonka, hoiida uiid uiortnsM....
Duo frofn othnrnatlonal banks
Duo from Stale aad prlrate banks anO
banknra
Rwl luUtu. lite
(^urrent f^xpensos and taxes paid .. ..
(-hni-kaand other oaiih Items
i>>>utiii
,s.
Wierum,
EXCHANGE
PI^CE.
Brokers in Railroad Stoelts and Ronds,
OVMRSMEyrS ft rORBIUA BXOUAKOE
Onu C. WlIRDH
CUA8. K. UANIIAL.L.
J|9.ui
S0937V SV
BM.IRM SI
»ta,a«M
Total
M
I.MS ft)
MT.owi HS
Kli-haiiftra for Oloarlng House
Hlllaof other banks
Mpeolo
Leital-tendor notes
Duo from U. H. Treasurer (olher than
B per cent of redemption fond). .. .
I>IS.8eB H»
MTT.OM 00
I.40«,aW 07
1,067.000 OU
tO.OOO 00
DndlTldod proflts
State bank circulation ontstandlnff
DiTldends unpaid
Me,478
M
S,S18 00
S4,0S4 00
8,0IS.8«1 va
Individual deposits subject to check.
Demand certlHoates of deposit
CertlOed cheeks
Due to other national banks
Due to State and prWate banks and
S0.077 4H
1.84fi,944 S4
S,20U.80S 34
bankMS
1,813,838 06
Total
(81383.070 45
State of Now York, CItj and Count r of New York.u:
I, DI'MONT d.-lUKK, Ciuthler of
tho American
Rxchanuo .Niitloniil Hunk of tho city of Now York,
do a«>leninly awear tlnit tho abovo atiiteiiiunt Is
true tu tho boat of mv knowledge and buMof
DCMONT CLARKE,
Cashier.
Sworn to and subscribed before me this 26th dar
Witness my hand and notarial seal.
of May, 1882.
A. R. RouaKRS, Notary Public.
Correct.— Attest
JNO. T. TBRRY,
)
JO'tlAUM. FISKB. >
QBO. S. COE.
S
Directors.
NKW YOHK. .New York, iit tho close of business
on the lUth day of May, 1HS2:
HESOUHCKg.
MEW YORK
STOCK HXCbANOB,
or all repuUble Secnrltiea
honnht and sold In the orsN MARKKT. LOANS
and CUMMKRCIAL PAPBR noKotlated. Interest
paid on UKPOSITS. subject to check.
84,748,806 86
Ixiansand discounts
748.900 00
U.S. bonds (to secure circulation)
10,000 00
U.S. bonds on hand
884.487 38
Other atocka, bonds and mortsagee....
161,241 2<
Due from othernutlonal bunks
68.744 25
Due from State banks and bankers ....
886,00000
BunklTiK house
800,000 00
other real estate
,
47,302 31
Premiums paid
»
18,373 81
Taxes paid
11,878 46
Checks and other cash Items
Exchanges for Clearing House
Bills of other banks
4,784,200 74
66,808 00
9 83
currency (incl'dlng nickels)
Specie (IncludinK (told Treasury ctfs.)
Leuul-tendcrnotcs
Redemption fund with U. S. Treasur*
er (5 per cent of circulation)
Krai-tlonal
Total
1,527.280 15
187,777 00
83,457 60
813,106,474 53
LIABLLITIKS.
81,000.000 00
200.000 00
Capital stock paid In
Surplus fund
Undivided prollta
National bank notes obtatandlng
Dividends uniiaid
C^ Co.
BANKERS.
VTALL STREET,
No. 18
New V«rk.
Certified checks
Transact a General Banking Basiness, Inolnding
tie porohase and sale of STOCKS and BONOS for
. 'Sh or on marxtn.
Bar and S«U InTe.tment
Securities.
BOX 2,647
A.M. KUIQSB. WAYLAHn TKl«S
f O.
W
(T
H
HILI
J.
M0B8I
;
Cashier's checks
Total
State of New York, County of
I,
Bank
Statements.
OF
THE
OONDITION OF THE
TJBPOBT
EVMKTKOPOMTAN NATIONAL, BANK,
at
suite
New
York, at the
Loans and discounts
tWerdrafta
D. 8. bonds to secure circulation
t9.4S3.7R4 06
1,961
OMier stocks, bf>n(la and mortsa^es
Due from other national banks
from State banks snil bankers
•a
Uatl
estate, furniture iiud fixtures....
»[0hanKea for Clearing House
lis of other banks
Fniotlonal paper eurrenoy, nickels and
pennies
Ipeele
Total
78
8<8i504
48,988
60.609
1,068,566
88,400
51
88
96
^
00
legal-
180,009 00
S.
Treasurer
(9 per cent of olrcnlatlon)
118,496 00
880,016,798 86
LiABiuma.
eapltal stock paid In
airnlus fund
BndiTl.lod i.roBts
National Bunk notes ouUtandlng
DlTldenda unpaid
todlTidual deposits subject to oheok..
Bamand certificates of deposit
tS,0ao.0M 00
1,860.000 00
ZSB.Ofl 13
8.249.90U (M)
4,774 0<)
4,781,748 46
68,788 70
QvtiBedchecks
801,907 78
Aahler's checks outiTtandIng
Due to other national banks
Bae to State banks and bankers
978 11
6,088,784 86
8,040,988 80
Total
880,010,790 86
State of New York. County of Now York. «;.
1. tiiu.
J. MrGoiTHKKY, Cashier of the aborenamed bank, do solemnly swear that the abOTe
state ent fti tme to the beat of my knowledge and
tellaf,
UEO. J. .UctiouUKEY. Oashier.
9ab«orlb«d and sworn to before me this 8Stb day
tl May. 1888.
Beuklxy T. Wood.
m
Besiwt -AttMt
:
_
Notary PubUc.
ISAAC H, BAILEY,
WILLIAM
M. LEE,
)
>
BAilUBL SaBTBAB,)
JOUN
W.
I).
:
T. AGNEW,
MORGAN,
Directors.
RANDOLPH, Ji
)
ED.MU.ND D.
OF THE CONDITION OF THE
REPORT
MARINE NATION.AL BANK, of the City
of New York, In the State of
close of business May 19. 1882
DlTMtori,
Overdrafts
'
iroulatlon)...
U.S. bon
Other
_
at
'<d
<
mortffagM...*
Duo froni ". o.-i n... .->nHl Iranks
Due from aiate banks and tiankers
Real estate, furnltnre and Art ores
Current cxponsos and taxes paid
Premiums
paid...
and other oaah Item.
Kxchunges for Clearing UoaM, .......
Bills of othsrbanka
Fractional papw cnrreacy, Dleli.li iu4
('he<-ks
pennies
Specie
tender BOt.1
B«d.aiptlon fund wltb U.S. Treaanrar
New
per
cnt of
Due from U.
S.
olroulatlon)
Tmuiarer, other thao
6 per eeat radmsptlon fund
881.601 .060 «•
Total
LLABILim*.
18300.000 00
64O.0OO 00
Surplus fund
Unltlvlded prMta
778.948 71
National bank notes outstanding
780,780 00
....
Dividends unpaid
15370 04
Individual deposits subject to obwdt.
8,018,041 70
Demand oertifleates of aepo.lt
87,10888
CertlAed eheok.
6,771 ,»«
'....
Cashier's cheek. ontatandlDg
88,488 18
Due to other national bank.
10.896,788 88
Due to Stat. bank, and banker.
877,444 88
Capital stoek paid In
.
W
881.601,080 «0
Total
State of New York. Countr of New York u :
I, O. D. Baldwin. President of the above-named
bank, do solemnly swoar that the above statement
Is true, te tke best of mr knowledge and belief.
O. D. BALDWIN, President.
Subscribed and sworn to before me. this 25th day
of Hay. 1888.
D. O. Fa.nnin»,
Notary Public.
Correct— Attest
JOHN H. INMAN.)
N.
BLISS.
> Director..
C.
JOS. B. uo4t,
)
SPORT OF THE CONDITION OF.THB
MERCANTILE NATIONAL BANK
T>
New
at .New York, in the State of
otoae of business May 19, 1888
York, at the
RISOUIIOM.
85,335.174 96
Loans and dlsoonnta
2,808 67
Overdrafts
888.000 00
D. 8. bonds to secure circulation
83JM0 14
Other atocka. bonds and mortgages....
816,908 47
Real estate, furniture and fixture.
60386 68
Current expenses and taxes paid
86,418 00
Premiums paid
1,090,868 80
Specie
484 360 00
Legal-tender notes
38.458 00
Bills of other banks
9.221 48
Cheeks A other cash Items
Eieh'a for Clearing House 604,230 47
Due from other Nat. bilks 249,448 68
1A,4.S7
90—8.448,111
Due fr'm State bks.Ab'k'rs
Redempt'n fund with V. 8. Treasurer
8^0,000 00
(5 pr. ct. of circulation).
Due from U.S. Treas. other
41300 00
1,000 OOtban6p.a.red'nfand...
„
U
$9,088,988 47
Total
„
U
UABIUTII8.
$1,000,000 00
tepltal Stock paid In
1U.500 00
8urplasfund
Undivided profits
Natir>nal bank n4>tes outstanding
Dividends unpaid
181,975
786,000 00
39 00
Individual deposits sub-
$8,060301 87
1.787 74
Demand ctfs. of depo.lt..
Certified check.
1*1.¥2 **
outst'd'g
74,882 46
Cashier's checks
Due to other Nat'l banks. 3,069,885 61
Dae to State bks. & b'kers 1,539,846 94—6.917,481 86
ject to check
_
89,039,986 47
Total
8tate of New York, Connty of New York, »»
I. William P. St. Johh, Cashier of the atmveswear
that
the above
solemnly
bank, do
ttatement 1. true to the best of mr knowledge and
W.M. P. ST. JOHN, Cashier.
ellef.
Subscribed aodaworn to before me this 24th day of
F. A. K. BRYAN,
May. 1882.
Notary Public. N. Y. Connty.
C jrrect- Attest
:
amed
:
GBO. W. PERKINS,)
)
J. B. NICHOLS,
York, at the
S.
M. MILLIKBN,
Director..
)
ItKSUUUCUS.
LwuisanddlsoounU
1.236 80
1,48S.>4« oo
448,174 00
tenders
Bwlemptlon fund with U.
Correct— Attest
Timi'Su.n.
Notary Public, Now York Co.
Overdrafts
(tt
««:
Alkukd H.
13M^896
(S()5,HS9
813,105.474 58
York,
bank, do solemnlv awear that tho above statement
is true to tho best of my knowledge and belief.
FRKD. TAYLOR. Cashier.
Subscribed and sworn to before me this 25th day
8,900,000 00
S83JI&8 01
Current expanses and taxea paid
Cbeckaand other cash items
ZMoU-tender notes
0. 8. oertlfloates of deposit for
M
New
00
76
12
31-«,e99.422 19
4.386,5flH 45
66,029 10
Kkedkhic Tayloic, Cashiorof the above-named
of May, 1882.
of
New York City, In tho
olese uf business May 19, 1H8S
BilSOl'KCBS.
l'«),881 11
669,150 00
9,173 68
DeiH>8its— Individuals
88,921,867
2.(»2.917
National banks
State banks and bankers 1,109,162
Certlflcutca of deposit..
1,475
OK TUB
|M
Loans and dlsoounla
(6
16,000,000 00
1,100,000 00
Surplus fund
OF THE CONDITION OF THE
^LLi;<S,pOUDEN 3tjEJ«^lNS. REPORT
CONTINENTAL NATIONAL BANK OK
elaaeee o( Seourtttea dealt In at the
.
BANK
I^egal
4Sl,8a8,01« 4S
UABlUTUn.
N. Y. Htook Ezchanite.
Pnrotaue and sell on Commlsslun aoVERMMBMT
knd RALLROAO BONDS and STOCKS, and all
-
Vow
York, la thnttMa of
of baslaaaa May 19, :""
U.S. bon.l.
DO,*'
THE
rONOITKtlf OF
at
on the IWhdaruf Mar, 1(M:
KUoamoM.
1;
atatementa.
OF THJ!
K\<'IIAM;k NATIONAL
«'ONIIITU»N
Capital stock paid In
No. 72
Member
:
Buk
Statonicnu.
TMK
lonnnu
I
fivtflylo
60
:
Ni'K Vnrk, In llin Htalocif Ni'w York, at
''
r
PrHOtlOM In thn IMHtrlot nrcult nnil Hdpreme
Ovnrta of tho rnllv<l Htiiltxt hihI of tho Htnto. In
IIiu HO iillior biiHlnoMi, und dotill ol«M«fl of oiuioi.
E. A. Mauriac
A>IKI{I<'A>
HANK.
niONKOK. I.OriHIANA.
CoanMlor, Solicitor and Attorney.
8TUNBY
.
IHE OHRONlOLa
97, 1881.
FlnanolaL
TOiM
..
:
D. 8. bonds to secure circulation
Other stocks, bonds and mortgages. ..
Due from other national banks
Due from State banks and bankers...
Real estate, furniture and fixtures..
Current expeiwes and taxes paid
Checks and other cash Items
Exchanges for Clearing Houe
Bills of other banks
Fractional paper currency, nickels and
.
61
84
00
00
78
06
00
70
66364 41
604,347 02
89,334 00
83,883.278
1,786
50.000
155.426
880.013
8.817
800,600
6,121
751 40
706.428 00
174,781 00
pennies
Specie
Legal tender notes
Redemption fund with U. S. Treasur(5 per cent of circulation)
K
Total
8,860 00
Habby
W.
No
C.
Logan,
C»OOB«OAKUl
maynard C. Eybi.
R. TRAYBBS, Special Partner.
Prince & Whitely,
64 BROADWAY, NB^V YORK,
(Branch Offlce, 180 Fifth Aveaae).
All classes of Railway and Mining Stocks booght
sold on Commission.
_
Private Telegrajjh Wires to Philadelphia, Wilming"-"•
ton, Baltimore, Washington, Boatun, Bridgeport
and
and
"— —
New Haven.
*
86,539,896 79
UABII.miS.
Capital stock paid In
$400,000
100,000
67,616
45,auu
Surplus fund
Unilivideil profits
National imnk notes ontatanding
Oividends unpaid
440
Individual deposits subject to cheek.
Demand certifientes of deposit
8,738,888
188,061
806.118
76,688
446,144
181.066
Certified checks
Cashier's checks outstanding
Due toother national banks
Dae to State banks and banker.. %..
Finaneial.
J D. PBINC8, JA». WHITILY, n.
..
00
00
6H
00
00
98
47
83
48
97
87
86.538,888 78
Total
State of New York. Countr of New York, a ;
Cashier of the above-named
I, John D. Fish.
bank, do solemnly awear that the above statement
true to the best of my kii'twleflge i»n<i i)eiief.
Jdll.V I). FISH, taahier.
BubscTlbod and sworn to before nie this 84th day
HiEHMAN B. Strkct,
td May. 1882.
Notary Public, King. Co.
CorrMt— Attest
AMBROSE SNOW.
JOHN T. WILSON,
riSEDINAND WABD,
)
>
)
DinotOTl.
Lansdale
Boardman,
8TOCK BROKER,
-OFFICES-
Ne.
80
BROADWAY, NEW YORK,
HALI. BCILDINO, TROT, N. Ym
Connected by Private Wire.
All securities dealt In at the N. Y. Stock Exchange
bought and eold on commission and carried on a fair
margin. Interest allowed on credit bal ance..
&
Co.,
STOCK AND BOND BROKERa,
J.
No. 08
D. Probst
BACHANOB PLACE, NBW YORK.
Btocks, Railroad Boko*, Uotbriikbbtb
IbgcuxANBgus BBOumrtiaa
BomMR abb
awd
8«La
THE CHRONICLE.
viil
[Vol XXXrv.
Commercial
Financial.
Financial.
stake thence north 76^ degrees east, 942 feet to a
stake; thence south lO^degrees east, 1,115 6-10 feet
to a stake thence south 76;^ degrees west, 5 6 feet to
the place of beginning, containing 22 acres of land
more or less. 3'/(ird— Another lot of land, beginning
on a course north S4 degrees cast. 6 feet from the
most northerly comer of the shoe-shop, on the opposite corner from the store of the Oxford Iron Company, and running south 43 degrees west. 154 feet to a
stake; thence south 721^ degrees east, 559 feet to a
stake on the bank of the brook thence north 37 dagrees east, 147 feet to a stake in the bank of said
Brook thence north 72!^ degrees west, 533 4-10 feet
to the beginning, containing 1 76-100 acres of land.
JViiirtTi— Also another lot of land, beginning at a
point 115 feet on a course south, 72^ degrees east
from the most westerly comer of the porch of the
storehouse of the Oxford Iron Company, and running
thence south 72!-c degrees ejist, 383 6-10 feet to a
stake; thence north 32(^ degrees east, 144 feet to a
stake thence north 72^ degrees west, 422 2-10 feet to
a stake thence north IIM degrees east, 1,059 feet to a
stake by the Warren Railroad bank; thence north 36H
degrees west, 186 feet to a stake in the east side of the
road; thence, south 17!^^ degrees west, 1,152 feet to a
stake comer at the northwesterly end of the store lot;
thence, south 72^ degrees east, 115 feet to a stake,
comer to said store lot; thence, south 17j^ degrees
west, 147 feet to the place of beclnning, containing
4 99-100 acres. Fifih—Wfio excepting and reserving
all ore and other minerals beneath the surface of a
plot of land containing about 17 acres, apnurtenant to
and upon which the residence of the said Selden T.
Scranton Is situate. Six(^— Also excepting and reserving all the ores and other minerals beneath the
surface of the plot of land containing about 6 acres,
appurtenant to and upon which the residence of
H. Scranton Is situated.
Together with all and singular the mansion house,
tenant houses, stores, furnace and Its appurtenances,
;
U.
Marshal's Sale.
S.
COMPANY
and others.
Fi. Fa. for Sule of
the above-stated writ to me directed, I
the ofOce of
Bhall expose for sale at Public Vendue, at
the Oxford Iron Company, township of Oxford, In the
County of Warren. New Jersey,
By virtue of
;
&
At 2 o'clock
7,
A. D. 1883,
P. M., the following described property,
and singular the lands, property, mines, mineral
O-xford,
and other rii^ts, situate In the townships of
Washincton, Mansfield and Hope, in the County of
Warren, and State of New Jersey, which were conbv SelCompany
veyed to the said The Oxford Iron
den T. Scranton and Ellen C.his wife. Jane U. Scranton James P. Scranton and Kate L., his wife, Georjre
Elizabeth W., his ivife, and WilUam H.
A Fuller anddeed
bearine date the first day of NoScranton, by
vember, in the year one tnouaand eight hundred and
sixty-three, and recorded in the offlce of the Clerk of
the County of Warren, in the State of New Jersey, in
Volume 57 of Deeds, page 264, which said lands are in
the said deed of conveyance bounded and described
All
as follows, viz.:
All that certain
-,
^
or parcel of land,
,
lot. tract,
known
,
by the name of Oxford Furnace, situate, lying and being in the township of Oxford, county of Warren, and
State of New Jersey, butted, bounded and described
B^nninc at a stone corner on the
as follows, to-wit
north side of the original railroad track, and running
:
as the needle now points (1) south 37 degrees east, 4
chains and 61 links to a stake (2) south 28!^ degrees
east, 4 chains and 52 links to a stake (3) south 48M
degrees east, 5 chains and 3 links to a stake (4) south
59 degrees east. 4 chains and 50 Hnks to a stake; (5)
south 84 degrees east, 6 chains to a stake (6) south
to a stake; (7)
84H degrees east, 6 chains and 92 links
Routh 66^ degrees east, 10 chains and 3 links to the
Bouth abutment of the Warren Railroad bridge <8)
south 63 degrees west, 11 chains and 70 links to the
middle of the public road leading from Oxford Furnace to Port Colden; (9) south 86!^ degrees west, 1
chain and 28 links to a corner in the middle of said
road; (10) south 2b)4 degrees ea.'?t. 11 chains and 5
links to a comer in the original niilroad track (11)
south 48K degrees west, 8 chains and 28 links to a corner in said railroad track (12) south 56 degrees west,
8 chains and 50 links to another corner in said railroad
track; (13) south 76 degrees west. 4 chains and 70
links to another corner in said railroad track; (14)
south SO"-^ degrees west. 2 chains and 71 links to the
middleof the public road leading from Oxford t'urnace to Washington; (15) south 21 degrees east, 20
chains and 10 links to a corner in said road in the line
of lands of Stephen Lanning; (16) north 575-4 degrees we:st, 21 chains to the south point of a rock in
the Washington mine road; (17) south 29 degrees west,
10 chains and 90 links to a corner in said road; (18)
south 14'4 degrees west, 3 chains and 26 links to another corner" in said road In the line of lands of
said Stephen Lanning; (19) south 15!^ decrees east, 13
Ohains and 82 links to another comer in said Lanning's lino (20) north 59 degrees west, 5 chains and 35
links to another corner in said mine road; (21) south
6 degrees east. 4 chains and 51 links to a corner in said
road; (22) south 9 degrees west. 3 chains iind 75 links
to another corner in said road (23) north 50>s degrees west; 9 chains and HO links to a chestnut tree;
(24) north 10 degrees west, 6 chains and 26 links to a
stake; (25) north 80^ degrees ejist, 6 chains and 84
links to a stake; (2<i) north 16 degrees east, 10 chains
and 71 links to a stake; (27) north 31 ^ degrees east, 9
chains anil 3 links to a stake; (28) north 13 degrees
west. 38 chains and 19 links to a corner of Buckley's
stone fence; (29) north 50 degrees west, 4 chains and
57 links to a corner in the public road leading from
Oxford Furnace to Scott's Mountain (30) north 73?^
degrees east, 5 chains and 86 links to a comer in the
junction of the Belviaere and Scott's Mtmntain roads;
(31) south 72!4 degrees east, 2 chains and 35 links to a
corner in the public road; (32) north 78!^ degrees east,
12 chains and 30 links to the railroad crossing (33)
north 54!-^ degrees east, 3 chidns and 53 links to a corner in said railroad (34) north 44 degrees east. 3
chains and 46 Hnks to another corner in sjiid railroad;
thence (35) north 24!-^ degrees east. 17 chains and Sd
links to the place of beginning; containing two hundred and six acres and forty-eight one-hundredths of
an acre of Jand. be the same more or less. Out of
which b<umds. however, are reserved and not conveyed by this deed, one-half an acre of land, more or
less, attached to the Chapel of the First Presbyterian
Church of Oxford; one-half an acre of land, more or
less, attatihed to the Second Presbyterian Church of
Oxford, now under contract and process of erection:
one-quarter of an acre of land, more or less, attached
to the German Reformed Church of Oxford Furnace,
and half an acre of land, more or less, attached to the
iloman Catholic Church of Oxford Furnace, heretofore contracted to be conveyed to said Church.
Also all the mines and minerals contained in and upon
all the said farms, tracts of land and lots before the
;
;
;
;
;
;
;
;
;
And all kinds of
CANTA8, FtLTING UHCK, CAB
COVERING, BAGGING. RAVBNS DUCK, SAIL
TWINES, Ac, " ONTARIO " SEAMLESS
Robeson and wife to the followingpersons, to wit
To Elisha Beers, Samuel
Race, Tliomiis Sherid:in, Michael Hiibert, Valentine
Nicholl, Abraham Brocaw, P. Martin, Samuel Sheridan, George Titman and others, John R. Pittinger,
Thomas Buckley, John Wyckoflf, Jr., Stephen Lanning, Charles I^anning, Daniel Ijannlng, John Plerson,
John Jones, Abraham Cyple, Michael Bower, Charles
T. Pool, John Webber, Henry M. Winter, Jacob
Wandling and others,
Benwood and others, John
Anderson, Daniel Mlxsell, Smith & Walters. Itamsay
& Gullck, Samuel Ramsay, containing in the aggrefate 3,000 acres of land more or less, in whose deeds
or said lands are reserved all the mines and minerals
thereon and therein, with right of way at all times
over the same, of Ingress and regress to search for
mines and remove the same. Also the same rights on
all the other tracts of land owned by the sjd<l parties
of the first part, or conveyed by them, or either of
them, In which said rights are reserved in their said
deeds for lands in the said County of Warren, containing in the aggregate 5,000 acres of land more or
less, as well the said mines and minerals therein contained as the right of way. Ingress and regress at all
times to search for mine, and remove the same, doing
no unnecessary damage to owners and occupants
Bald lands and tenements.
Excepting, however, and reserving out of and from
the said mortgaged premises, the following of the
lands by parts and portions the above-mentioned
deed conveyed
First— A. certain lot of land containing about seven acres, which has been by the said
Iron Company set apart and appropriated for the purpose of a cemetery, known as the Oxford Cemetery,
well, Wliliara P.
named
DNITED STATES BUNTING COMPANY.
A
lull.Bupply, all
Widths and Colors, always in stook.
Duane Street.
No. 109
THE BROWN
Cotton Gin Company,
NEW
LONDON, CONN.,
MANUFACTUREHS OF THE
Brown Cotton
CELEBItATEIJ
Gins, Gin Feeders and
Condensers.
rOTTON GINS FOR EXPORT.
title. Interest,
demand whatsoever,
Turner, Lee & McClur&
Herring's Safes.
THE CHAMPION RECORD
Solicitors,
New
20 Nassau Street,
Dated March 28, 1882.
IN
York.
ALL GREAT
FIRES.
SPECULATION AND INVESTMENT
IN STOCKS AND SHARES
\riTH A IfllNIITHJItt RISK.
EXPLANATORY BOOK,
published, gratis
just
and post free upon application.
OPERATORS
IN STOCK
EXCHANGE SECURI-
TIES should test this system, by which
large profits
are realized, and the possibility of losses reduced to
a minimum.
OriNIONS OP THE PRESS.
Civil Serince Gazette— "The system reooramended
by Messrs. Gutteridge & Co.. Is easy to comprehend
and safe." John Bull— '* An easy and apparently sjifo
system, worthy of public confidence." ConrI Jouriml—
"An
excellent way of speculating, ably set forth."
CiviHan— ''An interesting book. 'Fhis system com-
mends itself as being a very safe one." News oj Vie
TVorW—" This book is well worth reading. One cannot do better than retain their services."
W, OUXXERIDGS;
Sc
CO.,
DRAPERS GARDENS'
Ijondon £. C.« England.
SWORN BROKERS.
No. 7
ESTABLISHED
STATIONERS AND PRINTERS.
Supply Banks, Bankers, Stock Brokers and Corporations with complete outfits of Account Books and
Stationery.
%W New
concerns organizing
ders promptly executed.
(HANOYER SQUARE.)
&
Fabyan
-
Co.,
New York, Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
BROWN AND BI^EACHED
IKSURMCE
8HIKTING»<
HIIEETING8,
FEINTS, DENIMS, TICKS, DUCKS, &0.
Towels, Qnilta, WhUe Gooda and Hosiery,
ite..
Columbia
tor Export Tradt.
Bicycles.
Thonsands
in dally
use by doctors,
lawyers, ministers, editors, merchants, &c., &c. Send 3-cent stamp
for elegantly Illustrated 36-pago
CJitalogue to
The Pope
642 Washington
New York
214 E. 34th St.,
mfi^. Co.,
St.,
BOSTON, Mass.
Riding School.
Near third Ave.
Joy, Lincoln & Motley,
SCCrKSSORS TO
E. R. iniTDGE, SAWYER & CO.,
43
&
White Street,
NEW YORK,
4S
15
CO.,
New
Yorli.
Chauncet Street,
BOSTON,
AGENTS FOR
Ocean intlls Co., Atlantic Cotton mils,
Peabody milx, Cllilcopce Ml'e. Co.,
EUerton New JTIlIls, White ITKy;. Co.,
EMuratoga Victory ITIfs. Co.,
Hoaleryniuidjiraxiii JIUUa.
COMFAffif
OFNUWYORK.
F.S .WraSTON, PRE siDEin:
/SSUESEVmr. DESCRIPTION OF
LIFEJHDMBOWMENTWllCm
THOSE
ON TERMS AS KAVOnABLE ASNY
OFANY THER C OMPA
ORGANIZED APRILI4T'!I84Z ^
aSH ASSETS OYER $ 82,000000
-
AND
Drills. Sheetings,
&,
262 Broadway,
MUTUAILIFII
have their or-
will
WILLIAm STREET.
Bliss,
&
1835.
Sears & Cole^
IVo. 1
HEI«,R^I]VG^
261
Commercial Cards.
^
of which a map has been made and filed in the office
of the Clerk or the said County of Warren. Second—
A certain piece of land beginning at a point near the
old railroad track, on a course of south 36>^ degrees
west. 6 feet from the centre of a white oak tree, and
mns south lOM degrees east, 358 feet to a stake;
thence south 7ek degrees west, 316 feet to a stake;
tbecoe north lOk deoreef weit, 1,7480-10 feet to a
STRIPES."
Also, Agents
;
property, claim and
of the said parties of the first
part, of, in and to the same, and of, in and to every
part and parcel thereof.
R. L. HUTCHINSON,
U. 8. Marshal. District of New Jersey.
the estate, right,
all
:
:
"AWNING
BAGS,
foundry and its ai)purtenances, grist mill and machine
shops, and other buildings and Improvements, with all
the ways, woods, waters, watercourses, profits, privileges and advantages, with the appurtenances as to
the same belonging or in anywise appertaining also,
;
dateof this deed.'sold and conveyed by John P.B.Max-
OTTON
W
;
;
in
COTTONSAILDUCK
;
;
Co.,
Manufacturers and Dealers
;
On Wednesday, June
Turner
Brinckerhoff,
1
;
IRON COMPANJ
THE OXFORDMortgaged
Premises.
vs.
Cardfi.
—
SteaiHslilpi!'.
^22l
^»
.
Only Direct Line to Prance.
GENERAL TRANSATLANTIC CO.
BETWEEN NEW YORK AND HAVRE.
42 North River, foot of Morton St.
Travelers by this line avoid both transit by EngKuilway and the discomforts of crosslnR tde
Channel in a small boat.
o, q i> m
From Pier (new)
lish
?'">'
AMKHigUE. Siinlelli
'l*',? a" m
S^''3M.
Wed.. June 7. 10 A.
Servari
J une 14. } 1 »>
FB AN('E. Perlcr d'lIauterlve.Wed.,
wme;: T() Uayre-
8T.I,AUKKNT.
Price of passage— (includinK
Flrst cabin, 1100 and »SOi second cabin, 160; steerReage »2iS. including wine, beddlnu and utensils.
turn tickets at very reduced rates. Checks drawn
on Credit Lyonnais of Paris
In
amounts
to suit.
FOR
MARSEIL,1>ES,
Touching at Cadiz, Gibraltar & BAHOK1.9NA.
The foUowingsteamers will leave New \ oi-k direct
tor Cadiz, Gibraltar, Barcelona and Marseilles, ta»Inn freight and passenRCrs
., _„<i
VUledoMaiscllles, Ciinipen ••••• About Junes
:
Cadiz and Gibraltar—
cabin. $iS and »90; for Barcelona and MarBellles-FlrBtcabin. »80aKdtlOO. Steerage, »32.
Through bills of lading Issued to Mediterranean
Ports, including Barcelona, Algeria, Tunis, Genoa,
Leghorn, Naples, Messina-, also, for Trieste and
Constantinople.
^
^,,
N. B.— No freight taken for Gibraltar.
BATES OP PASSAGE— For
flrst
LOVIS DS BEBIAN.
Agent,
Ho. 8 Bawling Green.
:
Vat
THE CJHRONICLE.
37, 1881.]
Inionuice.
IniiarHnce.
UNION
OFFICE OF THE
Mutual Life Insurance Co.
oniioTowi'
Mutual Insurance Co.,
JaniiMT 3S, 1882.
Tha Tnutoea, In oonfoniilty Co tlie ChMler of
the Oompuny, nubnitt tlie fullowliiK Btoteiuent
of iti ftlfkln on tb« 3Iiit Doroinbor, 1881
Premliima on Marine Rlaks from
lit Janiuuy, 1881, to 31«t »»oonilwr, 1881
$4,030,487 10
Preiul luiiH uu PoUolea not marked
Loir l8t JauuttTjr, 1881
1,587,B34 47
off
Dpath Losara Paid
ntvldriida Paid •
15,775
teeeei paid dorlnx tbe
Paid Death Lohss, 11000 OnrsoUallon,
And
Betoms
DANIKI. SIIAUI',
HKNHY
of Premlnmi and Ex-
$924,227 02
The Company has the f ollewlng
Onlted States and State of New
York Stock, City, Bank and
Assets, Tls.:
$8,065,758 OO
otherwise
Real Estate and Clakus duo the
Coini>any, estimated at
Premium Netee and BlUs Re-
1,729,500 00
491,148 IS
347,765 99
SIX PER CENT INTEREST on
the outetandeertiUoates of proflte will be paid tu the holders
thereof, or their legal represcntatlTOS, on and
after Tuesday, the Seventh of February next.
THE OUTSTANDING CERTIFICATES
IT Water Street,
8e«'T.
A. U. Mll,Ti)N. Actaarr.
TUOMAM A. FU8THU. Medical Director.
A DIVIDEND OF FORTY PER CENT
is
declared on the net earned premiums of the
Company, for the year ending 3l8t December,
1881. for whloh oertUlcatos will be Issued on
ind after Tuesday, the Second of May next.
By order of
BABCOCK BROTHKR8 A
80 Wall Btbbot.
BROADWA
OFFICE, 119
Fllty^eTentta Seml-annaal Statement,
SBovri.vo THa
CONDITION OF THK COMPANY ON THB FIRST
DAY or JANUARY. 18K2.
$3,000,000 00
Reserve for Unearned Premiums 1,943,733 00
Reserve for Unpaid Losses
243,595 36
Net Suri>l»s
1,806,180 90
i.
H.
53
COTTOW BROHI^RS,
BEAVER STREET, NEW VORK.
HiNHT
Wake.
I{.
CHAPMAN,
Secretary.
D. Jones,
Charles Dennis.
W. H. H. Moore,
Lewis Curtis,
Charles U. Russell,
James Low,
David Irfuie,
Oordon W. Bnmham,
A. A. Raven.
Wm.
Sturgls,
BcAlamln H.
Field,
Josiah O. Low
William E. Dodge,
Royal Phelps,
I>.
Stuart,
James O. De Forest,
Samuel WUletts,
Hand.
John D. Hewlett,
WUUam H. Webb,
Charles D. Leverloh,
William Bryoe,
WUUam H. Fogg,
Thomas B. Coddlngton,
Horace K. Thurber,
William Degroot,
Henry ColUus,
Cbarles P. Burdett,
John
Thomas
F.
Youngs,
C. A.
J.
L. Riker.
D. JONES, President.
CHARLES DENNIS, Vlce-PresldenU
W. H. H. MOORE, 2d VIoe-Preeldeat.
A. A. BATEH,
Vt«»frMldatf.
M
New
York.
United States, available for the PAYof L08SR8 t>y FIUK and for the protection uf Pollcy-Uolders of FIRK INSUKANCR:
In the
Cashin Banks
Bouds and morti^MZes,
(130,178 31
beinsr
flrsfc
Men on
(worth (3,600,750)
I,SiSfi.8G6 00
United States itocka (market ralue) .... 4.0T9.Son 00
Bank * RR. stocks & bdB.(market value) ll«4.HIie 00
State and mnntclpal b'da (market value)
121.7&0 00
l.oun» i>n stockH, payable on demand
(market valufofcollBter'Is.fMIW? 80) 229,750 00
Interest due on iHt January, lUb3
85,810 19
80.<I3S 08
Premiums nocoll'ct'd & in h'nda of agti.
Real estate
473M 88
Total
(0,980.800 26
CHAS. J. IHAKTIN, President.
J. H. WAMHKdKM, Secretary.
Special atteni Ion paid to the execution of orders
for the purchase or sale of contracts for futare de-
livery of cotton.
Dennis Perkins
mads on ooe-
&
Co.,
COTTON BROKERS,
IIT Pearl street.
New
York.
Orders for Spot Cotton and Futures promptly eM>
o«t«d
&
Rogers
Pendleton,
COMMISSION MKRCHANTa.
NO. 97
Cotton.
Llberml advances
sUinments.
PEARL STREET, NEW YORK.
AdTSJOces made on conslgnmenta of Cotton, Qrala
orher Produce.
Bu7 uud sell contracts for fntare dellrerr o<
Grain and Provlaiona.
ftnd
Henry Hentz & Co.,
OEN BRAIi
Waldron & Tainter,
ooninissioN merohants,
GENERAL COTTON mERCHANTS,
8 Sontii 'William St., New York.
PEARL STREET, NEW YORK.
97
Advances made on Conslfmments to
meaarB. JAnES FINLAV & CO.,
LIVKRPOOL. LONDON AND GLASGOW.
Also execute orders for Merchandise throuRb
fliesare.
tc CO.,
"Future " orders executed at N.
CALCUTTA AND BOMBAY.
CONTRACTS FOR FUTURK DKLIVKRY COTTON bouKlit and sold on cot:)mis8lon in New York
V.
Cotton Kxch'ge
JOHN H. CLISBY
&.
CO.,
COTTON BUYERS,
inONTUOaiERY, AUk..
PdBCHASB ONLT ON ORDBBS, FOB A COMMISSIOIC
James F. Wenman & Co.,
COTTON BROKERS,
No. 148 Pearl Street, near VTall, N. T*
Horace Qray,
Edmund W. Corliea,
John EUiott,
Adolph Lemoyne.
Bobt. B. Mintom,
Charles H. Marshall,
George W. Lane,
Edwin D. Morgan,
Robert
Schroeder,
COTTON COMMISSION MERCHANTS,
WilMohb. H.W.Hahsmasn. CLnunsFisoHsi
J.
&
Ware
$6,995,500 26
SDniTIARY OF ASSETS
and Liverpool: also at New Orleans tbruUKh Messrs.
Samuel U. Buck & Co.
TKC8TBE8I
GiLLiAT ScnHoani
111 Pearl Street,
Cash Assets
Held
CO.,
Company WALTER & KROHN,
Insurance
FINLAY, nciK
the Board,
LIVERPOOL,
Receive conslvnmenta of Cotton and oUier f'rodoee
and execate orders at the Sxcbances In Liverpool.
Represeetad In New Vork tt the odice of
HOME
of
the issue of 1877 will be redeemed and paid to
tlw holders thereof, or their legal represeutatlres, on and after Tuesday, the SeventJi of February next, from which date all interest thereon
will cease. The certilloates to be produced at
the time of payment and canceled.
F.BABCOCK&CO.
COMMISSION MERCHANTH,
Vlco-Presldenc.
real estate
$13,165,466 40
Beebe,
NEW
Delivery.
1).
MENT
1.631,294 23
ceivable
CasblnBank
&
Evans
CASH CAPITAL
Loans secured by Stocks and
N. T. Cutton Bsel
sabawre.
STREET.
No*. 4B * 44
BPBCIAL ATTBNTION TO
Parokaae aad Sale el Caatraeta ler Filar*
lleWITT, President.
HMITH, SecretiirT.
NICUOI.AS I)U OHUOT, Au't
OaAl.ri
raairou Bi
M. Kvans,
Member
OF NKW YORK,
peosea
Aaoont
Hncnr
THKBB AND ONK HALF iniLIilONn. B.
$1,778,882 80
other Stooks
New Yertu
Us szeentlon of prists
He. 143 Pearl Hireet,
Special attention (Ivso to
or.fntaredsllTsrT ooDtrasts.
for DtTldsndi,
JOHN E.
Bloss,
COTTON mKRCIIANTM,
-
FOUR MILLION DOLLARS,
same
period.
-
/.
Gwathmey &
N B.
5,545,334 63
• •
8,800,361 83
Follelee In force, tuaurluK
$88, 915, 136.
from Ist
January, 1881, to Slst December, 1881
94,110.176 72
I
omca ... poutlamd.mainb.
OBOANIZBD 1H49.
Aaaata
$7,078,730 78
llarplna(N. V.tttandard)
548,497 37
Total Marine Premluma.... $.\6a7.0Sl 57
Premiums marked
MA
O F
ATLANTIC
NKW YORK,
Cotton.
a •wATCmr.
A.
Mohr, Hanemann & Co.,
133
PEARL
186
ST.
GRAYIBR
ST.,
Bstabllshed (In Tontine Balldlng) 1840.
H. Tileston
New Orleans,
York.
La.
Specul ATrEimos Giyki to thu Exsonnov
OF ORDERS FOR
WoBKS AT Oriint,
FUTURE
CONTRACrPS.
'Bt^KaKA"
L. l.,snd
RICHHONII, Va,
Orders Id
'*
&
Virginia
ace.
Futures" executed at N.Y.rotton Bzoh
& Wisdom,
COTTON
Gardes
COMMISSION UBBCHANTS.
NEW
•Oaiairi.
The Atlantic
Co.,
ST04!KS,
BONDS,
WILLIAM 8TRBET, NKW YORK.
SB
New
&
COTTON,
ORLEAN!>l, LA.
Special attention paid to the execution of orders
for the purchase or sale of contracts for futna
delivery of cotton In this market. Mew Vork aa
Liv erpoo l.
Fertilizing Co.
offer tiirir standard brands
J.
P. Billups
&
Co.,
Ammohiated Bonk Sdpkriiiiusfhatb of Lou
COTTON
"ORIENT COMPLETE MANURE,"
COMMISSION MBKCHANTS,
A.NU
And want a Kood
workinii a«ent In every thrlTlnj
cotton, tobacco, iiraln and truck growInK conaty
Apnly (witta reference) to
•W. O.
CRENSHAW,
Prea>t,
Obbhshaw WAKxaucsi,
lUelun«B4, Ta.
Noa. 16
&
POST BUILDINO,
18
KxckanKe Plaee,
NKW
TOKK.
Special attention given to the Purchase and Sale
ef Oontraets for (atoro deUTery of CoUoa.
THE CHKONICLE.
Cotton.
&
Woodward
[May
Cotton.
Stillman,
MERCHANTS,
Post Bnildingr, 16 & 18 Exchange
Bligeellaneons.
"WaUtr T. Sateh.
NatK'l W. I. Hatch.
INM AN, SW ANN&Co W.
& Co.,
Sons,
BRANCH OFFICES j 12« fSI"."- ''?'ra!j""S*'' ?! '"'•
itao Chapel St., New HaTem
New
SPICIAL ATTBNTIOJf TO ORDIBS FOB C0NTKACT8
FOB FUTOBK DELTVKBT OF COTTON.
Hopkins, Dwight
&
T. Hatch
COTTON EXCHANGE BUILDINO,
Oa»h Advancet 3lade on Ooniignmenti.
QusTAvus C. HopKms. Lucius Hopktns Smith.
Ohables D. Miij,eb.
Ahos T. Dwiqht, special.
P. Hatek.
Arthur H. HaleA.
COTTON MERCHANTS,
NEW YORK.
COTTON, ALL SBADBS, SUITABLE TO WANTS
OF SPINNERS,
OFFEBED ON Tebms to Sdtt.
Benry
BANEERS,
14 NASSAU STREET, NEW YORK.
Flao«
LOANS HADB ON AOCKPTABI.E SECUK1TIE8.
87, 1883.
i
Personal attention given at the EXCHANOBS to
the purchase and sale of STOCKS and BONDS for
cash or on margin.
DEPOSITS KBCEIVED—subject to Check »t sight
Tork.
—with
interest upon balances.
Special attention paid to INVESTMENTS sad
LOANS MADE ON
SOUTHERN SECURITIES.
.
&
Woods
MURPHT
Q.
Murphy,
F. Crumbie,
COTTON, Now To*.
J.
114 Pearl
Wm. Hinbt Woods.
CODNTRY BANKERS.
scoonnta of
St.,
Special attention fflven to orders for the boTiOfc
and seltlQK of Cotton for Futubb DKLiTEBr.
Member of Cotton Elzohange.
(Post Buildinq,)
COTTON
16
&
18 Exchange Place.
COMMISSION MERCHANTS, COTTON, STOCKS AND BONDS. Robert Tannahill& Co.,
No. 134
PEARI. STREET,
NEW YORK.
Obdxbs fob Futube Contracts Executed in
New Tobk and
Montgomery, Ala.
LEHMAN BRO'S,
Cotton ANDFactors
oomnissieN merchants,
No. 40 EXCHANGE PLACE,
Op-town Office, Nos. 39 & 41 Walker Stbebt,
NeTO^ ITork.
Orders eieoutea at the Cotton Exchanges In New
Tork and Liverpool and advances made on .Cotton
and other produce consigned to us, or to oar correspondents In Liverpool, Messrs. B. Newgass & Co*
and Messrs. L. Rosenheim & Sons.
&
Foulke,
COMIHISSION nERCHAJWTS,
PEARL STREET,
131
NEW
F. HofFmann,
cxyrroN broker and agent,
RUE
JDE
LA BOCRSE, HAVRE.
Warben Kwbn,
JOHN M. KWms.
Jb.
Ewen
Brothers,
COTTON BROKERS,
33 Broad
Nos. 31 Sc
No. 141
Geo. Brennecke
PEARL STREET, NEW YORK.
Advances made on ConslKnmentfl of Cotton. Conbought and
tructa for Future Delivery of Cotton
sold on commtssion.
Geo.H.McFadden & Bro
COTTOW FACTORS
AND COMMISSION MERCHANTS
121 CbeMtnnt
St.,
Phlladelpbla.
COTTON BROKERS,
No. 110 Pearl Street, New ITork.
Future Contbacts a Spicialtt.
& Gwynn,
(Successors to R. M.
WATERS &
CO.),
COTTON COMMISSION MERCHANTS,
No. 1 8 Trilllam Street, New York.
MONTGOMBET,
COMtttaSION
Orders for Future Contracts
and LiverpooL
1«
Si
18 Ezohance
E.
S.
Jemison
&
HYMANS
<t
13« PEARI.
Buy
TOBK.
Co.,
AND
COTTON COMMISSION MERCHANTS,
New York.
BKOKER8,
STREET. NEUT YORK.
Office Carpets
Down Town
H4RDEIVBERGH
&.
CO.,
Insurance
OF HARTFORD.
Hyman &
Co.,
NET 8UKPLUS
No. 3 Cortiandt
William H. Beede
&
Co.
COTTON BROKERS,
PEARL STREET.
JOHN
HOHOR8T,
R.
BARRITT
C. F. Hohorst & Co.,
COTTON
COMMISSION MERCHANTS
No. 125
1,774,849 74
4,000,000 00
PEARL STREET,
Newr York.
$3,ia7,42a 90
St.,
New
York.
JAS. A. AIiEXANDER, Agent.
Special attention given to the purchase and sale
of contracts for future delivery.
F.
$8,902,272 04
for
Capital
COTTON COMMISSION MERCHANTS,
07 Pearl Su, New York.
0BA8.
Company
1, 1882
unpaid losses
and re-insoranoe fund
Norfolk. Va.
Dancy,
iETNA
"
North
&
British
Mercantile
Ins,
Co
OF
LONDON AND EDINBITROU.
United States Board of Management,
NEW FORK
:
SOLON HUMPIiRKYS,Ch'r'n,(E. D.Morgan* Co
DAVID DOWS, Esq. (David Dows & Va)
B. e. FABBKI, Esq. (Drexel, Morgan* Co.)
Hon. 8. B. CHITTENDEN.
EZRA WHITE, Esq.
J.J.
ASTOK,
Esq.
CHA8. E. WHITE, SAM. P. BLAHDEKi
MANAGERS,
Office 64
Wire Rope.
WUUam
St.,
New York.
^ominerctal
of.snperler quality
MINING ANu
HOISTING PURPOSES
suitable for
Inclined Planes, Transmission of Power, Ac. Also,
[Galvanized Charooal and
BB for Ships' RUtKlnn. SusSenslon BridKCs, Derrick
uys, Ferry Ropes. Ac. A
larjte stock constantly on
hand from which any desired lenurths
are cat-
Union
Ins. Cr.
(OF LONDON),
ALFRED
STEEL AND IRON
ROPES for MtnlDK pur-
FliAT
PELL,
/Resident Afana^^'ef
poses manufactured to order.
JcadMii, er«ee
A Co., GalTegton, Texwi
1
CARPETS, OILCLOTHS, LIGNUMS, Etc
174 F17L.TON ST., BROOKI.YN.
Liabilities
DANCY,
IRON
BANKERS
No. 10 Old Slip,
Co.,
8TBKLAND CHARCOAL
Place,
new
Post Buildino.
&
Geo. Copeland
Assets January
Special attention given to orders for the pnrchate
and sale of Contracts for Future Delivery of Cotton.
MERCHANTS
and sale of
BANK BUTLDDfO.
Executed in New York
UBBRAL ADVANCES MADE.
AMD
Special attention itlven to the purchase
Future Contracts.
ALA., MORRIS
Beoelve Consignments of Cotton and other produce
COTTON FACTORS
TOB.H.
Near Fulton and Wall Street Ferries.
No. 114
Co.,
NEW
Bntldlnit,
& Co.,
John C. Graham
8treet,
&
Couon ExcbanKC
<X)TTO;S
HEW TOKK.
Fielding
NEW TORK.
S34S.
SBLMA, ALA., PH<ENTX BUILDING.
YORK.
Special attention given to the execution of orders
for the purchase or sale of Contracts for Future
dellreiT.
tS
Box
Henry M. Taber,
Lehman, Durr & Co.,
New Orleans. La.
Bennet
P. O.
Livebpool.
Lehman, Abraham & Co.,
Cotton Commission Merchants,
OBDEBS IN FUTUBE OONTBAOTS
EXECUTED IN NEW TOBK AND UVEKPOOL
IVASON
Sc
CO.
48 Rroadnrar, Nevr 'Vork.
SY
&
89 Wall
Stree:
@FedFRASER