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MERCHANTS’
HUNT’S
MAGAZINE,
.representing the industrial and commercial interests op the united states.
(Entered, according to aot of Congress, In the year 1881, by Wm. B, Dana & Co., In the office of the Librarian of Congress, Washington, D. C.]
SATURDAY, MAY 28, 1881.
VOL. 32.
CONTENTS.
NO
831.
carried
along without material reaction. A fresh advance
only raises anew the question, where and when will it
565
The Financial Situation
The bolder operators laugh in reply, while the
end ?
Monetary and
Commercial
Thomas A. Scott and Trunk
Line Management
English News
567
562
more timid realize their profits; but the latter quickly buy
Bi-Metallism and Free Trade.. 564 Commercial and Miscellaneous
News
560
Taxation of National Bank
in again as the market begins to run away from them.
Stock
565
GAZETTE.
THE BANKERS
The truth is, first-class properties have been very largely
Quotations of-Stocks and Bonds 572
Money Market, Foreign Ex¬
Miscellaneous
Securities,
573
change, U.S.
State
Quotations
withdrawn from the street and locked up by investors.
Railroad Earnings and Bank
and Railroad Bonds and
Returns
574 Hence
570
Stocks
every speculative sale makes it more difficult to obtain
Range in Prices at the N. Y.
Investments, and State, City
Stock Exchange
571
and Corporation Finances... 575 them to cover, while the purchase pushes up the price.
THE COMMERCIAL TIMES.
Commercial Epitome
579 J Breadstufls
586 Besides that, the whole community seem to have money
Cotton
579 ; Dry Goods
587 to
invest, and are eager buyers on any decline in values.
This fact, and the continued increased earnings—not
dxrmxiclc.
quite so universal, but general—the excellent and constantly
The Commercial and Financial Chronicle is issued every Satur¬
improving business in progress in almost all departments
day morning, with the latest news up to midnight of Friday.
of trade, the promising outlook for the crops, and the
[Entered at the Post Office at New York, N. Y., as second-class
mail matter.]
abundance of capital offering in the loan market, seem te
furnish every favorable condition necessary for a buoyant
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CHRONICLE.
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THE
FINANCIAL
complete set of
1865, to date-
SITUATION
Secretary of the Treasury has announced this week
that his device for refunding has accomplished its work.
More registered bonds have been presented for extension
than the limit set.
Thus a matter that Congress quarreled
The
over
all its
last
session and very
nearly succeeded in so
disturb the entire commercial activities of
country, has been at merely a nominal cost, quietly
arranged and in a way which serves best every interest
ootching
as to
the
'Concerned.
be judged from the foregoing statements,
money continues in abundance, and can readily be borrowed on most any security.
All the present indications
point to a continuance of this condition. Banks find it
difficult to employ their balances at anything like satisfac¬
tory figures. New railroad enterprises and loans by old
established companies are offered to the public almost
daily, and the avidity with which they are accepted
proves that capital is so abundant that it is difficult
to find
employment for it. The money currents,
however, which have of late set so strongly from the in¬
terior towards this center, have been in a measure arrested.
At New Orleans the rate for commercial exchange is down
to par @25 cents per $1,000 premium against $1 25 last
At Chicago it is down to par, after being 50 cents
week.
per $1,000 premium early in the week, but at St. Louis
there appears to be a greater abundance and the rate has
risen to 75 cents per $1,000 premium. This indicates a bet¬
ter demand for money at most points in the interior, prob¬
ably resulting from increased activity in business.
If
this demand continues we may look for a light move¬
ment of currency to this point.
But there is little dan¬
ger of any scarcity here.
The associated banks were
never so full of gold as they now are.
The deposits have
may
pervades the community over the
result, of course Wall Street reflected that condition. reached an unprecedented sum, and are for the first time
The announcement of Mr. Windom that the limit set had in the history of the banks above the amount of loans.
The Treasury operations for the week have resulted in
been reached was responded to by a new rise in prices all
along the list, and as the week closes the tone is still the small gain of $680,877, for the first time in many
strong and confident. There is much talk, as there has weeks, this being the amount of payments in excess of re¬
been
after each previous advance, of the tumble ceipts, exclusive of transfers of $1,400,000 gold from San
which must necessarily follow.
But there is such Francisco. This gain is mainly caused by the drawing of
a
basis of real strength for higher market values exchange to the amount of $1,000,000 on San Francisco
of
good properties that the lighter weights are for two of our city banks, and also drawing $650,000 exAs
a sense
of
elation
THE CHRONICLE.
562
[Vol. XX&IL
=51
change
Philadelphia. The payments by the Assay Office
for domestic and foreign bullion amounted to $228,410 for
the week. The daily receipts by the Treasury for customs
have been
follows.
as
Consisting of—
Date.
Duties.
Notes.
$174,000
“
21....
$407,9d5 87
464,819 41
“
23....
486.508 45
218.000
“
24.
429,950 16
278,837 65
317,965 67
178,000
130,000
184,000
Total.... $2,386,037 21
$1,154,000
May 20....
..
“
25....
“
26....
Silver
Silver
Dollars. Certificates.
U. 8.
Gold.
$14,000 $
270,000
2,000
10,000
11,000
15,000
7,000
14,000
$3,000
$71,000
Treasury operations, net
$1,147,000
Net.
1,663,000
$680,877
1,245,000
-$680,877
418,000
$1,663,000
$1,925,877
*$262,877
Inferior movement
Total
Out of Banks
Loss.
The interior movement shown above embraces all the
receipts and shipments of gold and currency reported to
us by the banks for the week ended the 26th, as follows.
Receipts at and Shipments from N. Y.
Currency
Received.
Shipped.
$1,651,COO
$220,000
Gold
Total
The Bank of
12,000
1,025,000
$1,663,000
$1,245,000
England gained £111,000 bullion for the
The Bank of France reports an increase of 8,625,000 francs gold and 2,325,000 francs silver. The Bank of
week/
Germany gained 17,540,000 marks. The following shows
the amount of bullion in each of the principal European
banks this week, and at the corresponding date in 1880.
THOMAS
Bunk of England..
Bank of France
Bank of Germany
Total tills week
Total previous week
Bp* The ahove
May 27, 1880.
Gold.
Silver.
Gold.
Silver.
£
£
£
£
25,953.509
27,538,300
24,985,232 49,859,030 32,417,265 49,353,166
9,363,008 19,812,982
9,885,666 19,771,334
60,301,749 69,672,012 69,841,231 69,124,500
59,601.499 68,948,262 69.770,962 08.588,746
gt
Bank of Germany is merely popular estimate, as the Bank itself gives
no
information
on
that point.
Foreign exchange was advanced early in the week, but
this was mainly due to the natural reaction after the fall
last week.
The rates were barely steady on Wednesday
and Thursday, and re acted slightly Friday, and there was
a little better supply of bills drawn against purchases of
railroad securities for foreign account. There is a small
margin of profit for cable transactions, as will be seen by
the following.
May 23.
May 25.
May 24.
Lond'n N.Y. Lond'n N.Y.
Lond'n N.Y.
May
£6
Lond'n N.Y.
May 27.
Lond'n N.Y.
prices* prices. prices.* prices. prices* prices. prices.* prices. prices* prices.
117% 11721 117% 117-73
104-11
104% 104-23 105
50 35
50-10
50-35
50-83
50%
50%
50%
50%
2d con. 105*35? 108% 105-57; 1083* 10508? 108% 105-57? 108% 105-57*
144-97 145
14497 145
14595 145%
14510
m.Cent. 115*40 146
N. Y. C.. 151*71 151% 15106 151% 15227 151% 15227 151% 151-90
29'79<
Reading 29-85t 59% 29*31* 58H 28-941 59% 29 431 50
116-76
117 %
117-24
117%
117-24
U.S.5s,c. 10413
50-01
Erie
104 H
104-23
103
104-35
U.S.4s,c.
118%
103%
50%
108%
145
151%
59%
Exch’ge,
cables.
*
4-85%
4-80%
4-80%
4-86%
4-80%
Expressed in their New York equivalent.
+ Reading on basis of $50, par value.
? Ex-interest.
Note.—1The New York equivalent is based upon the highest rate for
4&ble transfers, which ordinarily covers nearly all charges, such as
interest, insurance and commissions.
A.
SCOTT
AND
TRUNK-LINE
MANAGEMENT.
With the death of Thomas A. Scott the
country loses
a
of
peculiar enterprise and activity, shrewd aiid quick
judgment, and yet extremely venturesome, the impress
of whose character is clearly seen in the most comprehen¬
sive system of railroads united in one corporation in the
United States, or indeed in any country.
He was, as our
readers know, at one time deeply interested in the roads
of the South, was for a brief period in 1871-2 president
of the Union Pacific, and later, for many years—almost
up
to the closing days of his eventful life^was the heart and
soul of the Texas & Pacific undertaking.
Yet with none
of these is his name likely to be linked in the future.
It
is in the Pennsylvania—that great corporation with which
he was identified for well nigh thirty years of his active
man
of
.
career—that
one
must seek the
chief results of his life-
It is this company that gave him fame,
with this company that his name will always
work.
and it is
be asso¬
ciated.
It would be difficult to
proportion justly between Scott
Edgar Thomson, who died seven years before, the
praise that is due to the two men who were mainly instru¬
mental in bringing the Pennsylvania up to its present
splendid dimensions. Even while Thomson was still alive,
Scott was accredited with some of the Pennsylvania’s most
noted schemes, and the aggressiveness which was at one
time so distinctive a feature in the company’s doings, it is
believed by many should be attributed principally to him.
and J.
belief is natural, inasmuch as to Scott were left all
the details of a plan and the work of its execution,
Such
May 26, 1881.
bond market became
recorded.
236,000
143,000
120,000
following table shows the net Sub-Treasury move¬
ment for the week ending the 26th, and also the receipts
and shipments of gold and currency reported by the
principal banks of this city. Last week’s bank state¬
ment doubtless very nearly reflected the actual condition
and in view of the facts now presented we may look for a.
falling off in the reserve.
Into Banks.
reached, the Govern¬
dull, but later it was more
active, and the demand now is chiefly for the 4s for invest¬
ment.
The supply is so light that any
inquiry for
moderately large amounts serves to advance the price, and
the 4 per cents are now selling at the highest figures ever
ment
249.000
1,000
registered 5a
which could be extended had been
$215,000
181,000
The
*
After the announcement that the limit of
on
a
Thomson
hardly ever showing his hand. It is likely,
however, that both men should share in the honor of
having made the Pennsylvania what it is. The two seem,
in fact, to have been peculiarly suited for supplementing
each other’s gifts.
Thomson was great at planning—
skilful in laying out operations and devising projects—while Scott was an efficient organizer and had large
executive ability, and was therefore of material assistance
to Thomson.
On the other hand, Thomson, while not
content to stand still, was yet cautious, and thus he was
enabled to render important service in holding Scott in
check, who with his spirit and daring was inclined to be
rash and impulsive.
During the declining years of
Thomson’s life, when probably Scott’s ascendancy over
him became more marked, there -is to be observed a de¬
parture from the conservative policy which had previously
distinguished the company’s progress, and to this, it is not
unlikely, are we indebted for the extravagance and even
recklessness with which the company’s plans were at that
time carried out.
intention in this place to make any
estimate of Scott’s character.
Our purpose was merely to
But it is not
our
call attention to a
single thought that suggests itself in
thinking of his work, and that is, the difference in the
methods pursued by the. organizers of the three great
trunk lines in building up their traffic.
What Vanderbilt
did for New York through the Central, and Garrett has
done for Baltimore through the Baltimore & Ohio, Thomson
for Philadelphia through the Pennsylvania.
remarked, the methods pursued were widely differ¬
and Scott did
Yet as
All were imbued with the same idea, namely, that in
order to make sure of a share of the immense business
that the West and Northwest were opening up, it was
essential that their lines should be extended beyond the
limits of their respective States and be made to embrace
other lines- in other States and form continuous and un¬
broken routes to the leading cities of the West.* This
was necessary not only that a hold might be obtained on
that business, but that it might be carried as economically
ent.
possible and at the smallest expense per unit of traffic.
Recognizing this necessity, and determined not to be in
subjection to it, Vanderbilt set about to devise means of
meeting it. But with his usual shrewdness and circum¬
spection he was bound that the end should be reached
as
without
endangering the
in New
York Central.
he had already invested
So he acquired the Lake Shore
money
property, not by lease to the New York Central or by a
guarantee of any-kind, but by the purchase of stock. The
road was immediately improved and placed in first-class
condition, and has ever been a valuable feeder to the Cen¬
tral. It gives a direct line to Chicago, and touches Cleve¬
land, Toledo, and a host of minor points by the way, afford¬
ing large accessions of traffic, which is transferred in good
part to the Central at Buffalo. In the same manner the
Michigan Central was acquired, and later the Canada
Southern. It is supposed also that the Central has an
additional hold on the Chicago business by virtue of the
interest of the Vanderbilts in the Chicago & Northwestern.
Thus without involving the Central to the extent of a
single dollar (the interest on the Canada Southern new
mortgage bonds was in 1878 guaranteed for twenty years,
but the Central has had to pay nothing on this account,
nor is it likely
that it ever will, as the road is earning
dividends on the stock,) the traffic of its leading
tributary
lines has been assured to it beyond the power of rival lines
to take away.
As a consequence, the Central was able
to pay full 8 per cent on its
large capital during all the
years of depression, while other lines had to reduce their
dividends or suspend them altogether.
This it could not
The Baltimore & Ohio &
Chicago (which gives the Bal¬
Chicago) was not built till later,
only liability that the company has incurred on
timore & Ohio
and the
a
line to
that account is the payment of interest on the bonds issued
on the line.
For the last two years the road has earned
than
enough to meet its interest. The Pittsburg &
Connellsville, which taps the rich manufacturing district of
more
Western
Pennsylvania, was added to the Baltimore &
Ohio system towards the close of 1875, the Baltimore &
Ohio agreeing to pay the interest on the debt.
Until
1878-9 there
was a
deficit, but in the last fiscal year there
surplus of $332,969 above all expenses and the full
interest
on
the Ohio &
was a
the debt.
As to the Marietta & Cincinnati and
Mississippi, these, through the receiverships,
both
operated in the interest of the Baltimore & Ohio
and give it direct lines to Cincinnati and St. Louis.
To
the former the company has made large
advances of
money, and if the property should be foreclosed it would
probably pass into its hands. The Ohio & Mississippi is at
present controlled through the Receiver, Mr. John King,
are
Jr., who is the First Vice-President of the Baltimore &
Ohio.
Whether the company has also a foothold
by stock
or bond
ownership, is not known. It is to be observed that
while the Baltimore & Ohio went further than the
Central,
behalf of connecting
which assumed
nothing whatever on
beyond a guarantee of interest on the
debt—there was no guarantee of anything on the stock of
an acquired road.
Yet notwithstanding this, and notwith¬
standing also that its stock is very small—it is only about
14f millions, or but
millions above what it was twentyeight years ago, in 1853—the company was compelled to
cut down its dividends
temporarily in 1877-8 to 7£, from
10, the former rate, and which is now again being paid.
The Pennsylvania carried on operations on a much more
extensive scale.
Not only that, but a certain
recklessness,
as already
said, characterized its work of expansion. It
was
not
content
with
a
single line to any - one
point—it must needs get possession of the parallel
lines too.
Thus
it has
duplicate roads to both
Chicago an I St. Louis. In this respect it is unlike
either the Central or the Baltimore & Ohio, which
have done if it had been in any way bound on the stock selected some one line as a
feeder, developed their traffic
of the. Lake Shore or the
Michigan Central, which were by means of that, and let all competing lines severely
able to pay very little for some years after 1873.
Then the terms upon which it acquired the new
alone.
Having the same purpose in view, the Baltimore & Ohio properties were usually exceedingly onerous. Even now,
managers followed a plan of operations in many particulars
dissimilar to that of the Central.
They could not secure
to their road
the business of
adopted by the Central,
so
connecting lines in the way
they had to give interest or
rental guarantees.
Yet there was no trace of recklessness
guarantees; they were in most cases moderate,
and
though for a time they entailed a loss on the company,
which had to be made
good out of net earnings, this was
more than
compensated for^ by the increased business
which the leased lines
brought to the main road. At the
present time, with a single exception, these lines are all
profitable in themselves. Among the first acquisitions
in these
were
&
the various roads in Ohio—the
Sandusky Mansfield
Newark, the Central Ohio, the Newark Somerset &
Straitsville—affording
connection with Lake Erie and
draining besides a rich territory. The basis on which
the Baltimore & Ohio obtained
possession of two of these
was the
payment of a percentage of the gross earnings—
on the Central
Ohio the percentage was 35 and on the
Newark Somerset & Straitsville 30
per cent.
In the case
of the
Sandusky Mansfield & Newark the rental is a fixed
sum
per annum, which on the present
ably less than 30 per cent.
earnings is consider¬
,
lines, it
after
never went
the revival
of
business, and when all roads are
making larger net earnings than ever before, there are a
number that are still a burden to the
company. In almost
every case it had to agree to the payment of a fixed
annual sum greatly in excess of the
earning capacity of the
leased road for a long time to come. It is not necessary to
specify instances—almost any one can readily recall several
of them.
It guaranteed not only the interest on the
debt,
but very frequently large dividends besides on the stock.
Under these circumstances it had to meet a
large annual
deficit on its leased lines, and this called for a
heavy draft
on its net
earnings. During the years of business prostra¬
tion this difficulty increased and became more
serious, and,
after having paid 10 per cent dividends for some
years, it
was forced to come down to 8
per cent in 1875 and 1876,
and during the next three years
paid only 10 per cent
altogether. With the revival of business there was of
course a rapid
improvement, and the leased lines made
great strides forward, so that they are now. a source of
profit. The company has consequently been enabled to
resume
regular dividends, and is at present paying 4 per
cent
semi-annually.
Now, it may be said that the fact that the leased lines
,
profitable, demonstrates the
wisdom of acquiring them.
In reply, it must be urged
that the profit on them would be greater if some of the
duplicate lines which are still operated at a loss had never
been acquired.
But even were the lines all profitable
now, there would yet remain great doubt as to the wisdom
of the policy that acquired them.
The captain who, having
overloaded his ship, takes her to sea and places her at the
mercy of the elements, and, through a fortuitous circum¬
stance or a miracle, succeeds in bringing her safely to
port, may congratulate himself on his good luck, but he
oan hardly assume that he has followed a safe course.
We
have, as a whole, become
tion of the
principle of free trade. England’s influence
example backed by these results, extended to other
countries, and the drift of the commercial policy of all of
and
Continental
Europe and of British Colonies everywhere
twenty years ago, was towards the practice of free trade
to the utmost limit of their circumstances.
Napoleon III., was led by Mr. Cobden to make
with England that went far towards
substituting the principle of reciprocity for the highly
protective or prohibitory principle of the French general
tariff, which also was materially modified in the same di¬
rection; and this opened the way to commercial treaties
*
4
1
commercial treaty
a
between France and other Powers.
do not wish to have it inferred that the
%
France, under
the rule of
Pennsylvania was at
any time in danger of being wrecked, yet it took upon
itself unusual and unnecessary risks, and its stockholders
suffered the consequences in a loss of dividends.
Mr. Scott was, therefore, evidently a man of an extreme¬
ly sanguine temperament. We can only compare him in
this respect with Franklin B. Gowen of the Reading.
Both had the same object in view—each desired to place
the traffic of the road which he represented on a perma¬
To accomplish this it was necessary for the
nent basis.
Pennsylvania that it should spread its arms out in various
<Lirections and lay hold of additional business. This was
necessary, we say, and therefore there could be no
•objection to expansion.
But the point is that the
idea was too greedily pursued and too extravagantly
In the same way we might urge, in extenua¬
•carried out.
tion of Gowen’s action, that the Reading being chiefly
'dependent upon coal traffic, it was necessary to guard
against the coal lands’ passing into the control of a rival
corporation. But, waiving the objection to going into
Another sphere of business, it still remains true that there
was no wisdom displayed in carrying the purchase of the
But
in war, and having
collected $1,000,000,000 as a war fine from France,
thought
to become financially and commercially as great as the
British Empire by copying the
least important and
least effective of all its features of monetary policy, its
gold standard of money, and changed her coinage laws in
1872-3 to accomplish that result.
After selling at great
loss much of her old silver, and losing by the operation of
laws of exchange—which experience proved to her are
above her statute laws—a great part of the gold procured
at so great cost, Germany discovers now that she had not
England’s opportunity of 1816 for the adoption of the gold
standard and that she had not any one element of England’s
ability to maintain money payments on that standard—her
success in war affording no assistance therein; and
to-day
Germany stands (if we may credit the report of the words
of her representative at the Monetary Conference in Paris)
in a position of monetary dependence upon London
bankers, compelling her to “ retain a monetary system
analogous to that of England, because London is the
place where German accounts are-liquidated.”
Thus Germany legislated the gold standard and mone¬
No one
lands to the extreme to whick it was carried.
•doubts that the coal lands will ultimately become valu- tary chaos followed.
One nation can kindle a fire of mis¬
ten
chief
that
other
nations
cannot stay in its destructive
Able, but that does not help the Reading to bridge over
course.
the present deficit.
But if Germany cannot undo the mischief which her mis¬
There is a great lessen in all this, and one which it is
’wise to recall, and wiser yet to heed at the present take has done the world, she resolves at least to save herself.
moment.
We have, however, no admiration for that dead M. Laveleye shows very clearly the dilemma in which she
conservatism which spends itself in croaking over the as well as the rest of the Continent is placed.
England is
Scotts and Gowens of the world ; like the hermit crab it the world’s commercial centre, consequently the precious
“
metals flow there.
itself.
corporation no more than an individual can go on
forever increasing its promises to pay.
The Pennsylwania’s magnificent resources carried it through, but it
was saved as by fire ; while the Philadelphia &
Reading,
being not so strong, succumbed. Evidently, a policy
more guarded would have benefited both—aggressive of
course, but not reckless.
A
,
BI-METALLISM AND FREE TRADE.
Monetary Convention at Paris has taken
be of service to refer to a
point brought out by a Boston correspondent in a letter
to us some weeks ago, and since then taken up and further
Now that the
a recess
until June 30, it may
by M. Emile de Laveleye. We refer to
the tendency on the Continent towards a policy of pro¬
tection as opposed to free trade, and the direct connection
clearly traceable between this and the dembnetization of
enlarged
upon
silver.
English statesmen have with reason attributed the won¬
derful commercial prosperity of Great Britain for the
thirty years prior to^l873, in very great part to the opera¬
success
“
would rather live in another’s cast-off shell' than build for
And yet while enterprise is essential and an air of
rashness inseparable from it, sooner or later accounts must
•be balanced, and the balance sheet is the inevitable test.
Germany, flushed with
per
With
a
rise in the interest rate to 3
ordinary times what it will of
But at Berlin, for instance, the rate last autumn had
cent, London draws in
'
gold.
to be
raised to 5 and 6 per cent,
and
even
then it did not
wholly stop the current. So the question arises among the
Continental nations,’ How can they best preserve the gold
they have and need ? Can they do it better by raising the
rate of- discount or raising the tariffs?
With the issue thus presented Prince Bismarck concludes
that he will abandon the policy of extending foreign trade
by low and reciprocal duties, and announces his faith in
the principle of protection to home industries, and in the
practice of collecting every possible part of the necessary
revenue from external duties, and reducing all domestic
imposts. England’s market in Germany for her produc¬
tions must be closed up, so far as can be ; and what she is
able to sell to Germany in spite of the tariff, she must pay
the duties on,, for Prince Bismarck says the dearlybought gold must be saved, and further, as he claims
that the foreign producer and not the domestic consumer
pays the. duty, internal taxation will be lessened.
For the same reasons France has just made a revision
general tariff, providing for. many enhanced duties.
producers generally demand the principle of pro¬
tective tariff.
They are sufficiently numerous and influof her
French
May
565
THE CHRONICLE.
28.18S1.J
the
Supreme Court, in German National Bank vs Kimball.
Apparently the mode which prevails in several of the
States by which the tax on the shares is paid by the bank
in a gross sum and collected in turn from the shareholders,
treaty.
was employed in
this case; at all events, the bank, not an
M. Laveleye suggests also that Italy, when she sees the
individual shareholder, was the complainant.
The ground
400 millions which she wishes to borrow, to replace her
of complaint against the tax was, not that the1 law of the
forced currency, leaving for London, will take the same
State (Illinois) necessarily made discrimination, against
course.
The usual negotiator of commercial treaties, Mr.
national banks, but that the modes of valuation adopted
Luzzati, did not hesitate to declare it to the Italian Parlia¬
were unfavorable to them.
For this reason, and relying
ment, 7th of February last, in responding to the menaces
on the former decisions of the court, the bank asked that
of the Saturday Review, which had said: “ England,
the collecting officers might be enjoined.
But the court
France and Germany will combine to defend their gold,
which Italy would take away from them.” Russia, to says that as a general rule one who asks an injunction
accomplish a restoration of the value of the rouble, and against a tax must first pay so much of the tax assessed as
is lawful and just; and declares that its former decisions
replace a metallic circulation, and retain the gold that
she produces, has already considerably augmented her allowing injunctions were founded on special and excep¬
tional reasons.
For the future, and in ordinary cases,
customs tariffs, and she exacts the duties in gold. Austria
whoever wishes to resist a tax on bank shares, because
has done the same.
In a word, the tendency of opinion in all the nations of excessive or unequal, must pay or tender the just or equal
the renewal of the commercial
treaty with England, except upon terms far more favor¬
able to French industry than were allowed by the Cobden
ential, it seems,
to prevent
\
,
Continental Europe which, are or intend to
paying, except Belgium,
be specie
Holland and Switzerland, is
tax.
In
a case
made
presented in the Circuit Court the assessment
under a law of this State, passed in 1880
toward increased customs duties, both as a relief from
internal imposts and as a check to the flow of gold.
(Chap. 596), which prescribed a different system for the
Thus it is that the popular inclination toward reciprocal taxation of banks and banking capital from that applicable
was
and free trade, so strong twenty years ago,
and which increased until after 1875, is now giving place
low duties
feeling for protective duties. The changed
feeling took its rise when business became depressed
and the suffering merchants and manufacturers looked
about for a remedy.
It was supposed all would be well
again when trade revived. There was a marked revival
in 1880, yet as it only tended to make the struggle for
gold more marked, these commercial and producing inter¬
ests, and work-people generally, continued to suffer.
Now the cry is, “away with the free trade that is work¬
ing our ruin; give us protection.”
If the signs of the times are read as truly at present
as they were two years ago, England will pay dearly
during the next few years - for her resistance to the bi¬
metallic accord which needs only her adhesion to ensure
its success and great resulting blessings.
She is losing
her trade and causing a wall of customs tariffs to be
built up around what have been her markets.
Just now
the Eastern markets suffice, but what if the result of
the failure of the Monetary Conference shall be to drop
silver to 45d. per ounce, as in 1876 ?
How many mills
can then afford to sell their cloths and yarns to be paid
for in rupees and dollars ?
In 1878 France was content to do nothing and hold an
“attitude of expectancy” as England is now.
In 1881
it is a vital thing to France that something be done to re¬
lieve her great industrial interests from their peril.
She
invites England to a step of mutual benefit. England
declines. France is not poor. She is rich and prosperous,
but in danger.
Will she not take such steps as will most
effectively protect herself? We shall be surprised if a
few years hence
England shall not be even more a sup¬
pliant for the co-operation of other nations than they are
to the new
to her
now\
TAXATION OF NATIONAL
On tlie
RANK
STOCK
subject of State taxation of bank shares there
have been several Federal decisions
reported during the
past month. So far as they go, all of them favor the
State side of the question, and yet, though of considerable
interest, no very material point appears to be covered by
them.
Prominent among these
decisions is one just announced by
other
corporations. And the complaint urged
exemption had been granted to stockholders
in other corporations (by Chap. 542 of the same year)
from taxation on their shares, which rendered the assessment on bank shares unjust and unequal. Observe that the
laws, taken together, did not discriminate between different
kinds of banks, but did discriminate (unlawfully, as was
claimed) against banks as compared with most other com¬
panies; but the Circuit Court sustained the tax, declaring
to most
was
that
an
*
that it
was
not the true effect of the law
of 1880
(Chap.
542) to confer any exemption from individual taxation
upon shareholders in ordinary companies such as the act
embraces.
It remains to mention
Ohio.
a
decision of the Circuit Court in
Here, again, the complaint was by a national bank,
and the fault found
was
that the tax officers of the State
had summoned the cashier of the bank to appear
them with the books of the bank and
before
show to them the
deposit, in order that they might
assess such deposits for taxation.
But the Circuit Court
refused to interfere with this proceeding, saying that it ia
not unlawful for a State court to issue compulsory process
requiring the officers of a bank to make a disclosure of its
deposits in aid of assessment of a proper tax.
amount of moneys on
FRANCE AND TUNIS.
■Ti
The invasion of the
territory of the Bey of Tunis by an
army of France is at the present moment a disturbing
element in European politics.
The outlook is not alarm¬
ing, but has a certain interest to all the Powers of Europe.
By Russia alone the affair is regarded with indifference;
by Germany and Austria it is regarded with a kind of
qualified delight; but it has given serious offence to Tur¬
key and Italy, and in the British Isles, for the first time in
more than a quarter of a century, there
exists an antiFrench feeling which finds free and full expression in Par¬
liament and through the newspaper press.
These different views are wholly the result of different
What matters it to Russia what becomes of
interests.
Tunis ? It makes really no difference to her whether that
outlying Province of the Turkish Empire is ruled by the
Frank or by the Turk; and certainly as between the
Frenchman and the Italian, in that ancient Bay State, she
has no cause to interfere. Austria is somewhat differently
566
THE
situated—she has
some
interests in the
with the French in
CHRONICLE.
Mediterranean; but abroad, with the management of the finances at
home;
demands a war indemnity and forbids the
importation of
Tunis, it is permitted to her to indulge
the thought that she will find it less difficult to confirm her
hold on Bosnia and Herzegovina, and even to make further
encroachments on Turkish territory when the favorable
moment shall have arrived.
Germany is even less directly
interested than Austria ; and Prince Bismarck is not the
man to
grudge France a slice of African territory, if it
will only give her a reasonable amount of mental
occupa¬
tion and divert her
thoughts from Alsace and Lorraine.
Italy has long had interests in Tunis; and the descendants
and
successors
[Voiu XXXII.
of the Roman conquerors
of Carthage are
hardly to be blamed, if in their calculations regarding the
future, and looking forward to the ultimate dismember¬
ment of the Turkish
empire, they have been yielding to
the conviction that Tunis would fall to their lot.
It cannot be said that the
arms.
to
the
Such
is
the
substance
of
the
treaty reported
by the Minister of Foreign
contradiction or qualification has
French Chambers
Affair^ and of which
no
yet been made.
Such
treaty proceeds on the assumption that the Sul¬
rights in Tunis—at least no rights which France
is bound to respect.
It shows that France, when her own
interests are at stake, and when she thinks she
may act
with impunity, can, without an
y compunction of consci¬
ence, set her foot on treaty obligations.
It is not denied
that she had a right to protect her
colonial frontieiyand to
adopt satisfactory measures for the same. That, however,
is no longer the question.
In what was declared to be an
effort for
self-protection, she has willingly allowed herself
to drift into
conquest and virtual annexation. It is not
wonderful that the
feeling of indignation produced in Italy
should have been such as to
bring about a Cabinet crisis
and an actual
change of ministry. At the same time we
can well understand
why the London Times should feel
tan has
a
no
rights or interests of Great
directly affected by this French
movement; but the British are angry or affect to be
angry because
they see or believe they see in
this action a policy which is a wilful interference with
treaty rights, together with a violation of promises and emboldened to denounce the conduct of
France as
pledges, recently, repeatedly and solemnly made.
For
unworthy of any State which professes to be guided in
over a generation, as Mr. Gladstone a few
days ago put it, “its international relations by the
ordinary rules of
France and England have worked hand in hand in their
morality.”
endeavors to preserve the integrity of the dominions of the
The chances are, however,
very remote that anything
Sultan. They fought together in the
Crimea; and during will be done to interfere with the intentions of France. Of
the dark and doubtful days which
preceded and extended course the Powers will not unite for the
purpose of pre¬
over the period ©f the Berlin
Conference, it was understood serving between Tunis and
Constantinople a relation
that they were still in perfect
sympathy.
which, after all, has for some years, at least, been only
.For these reasons there is much in the
present attitude nominal. The presumption is that
Italy will quiet down
of France which is fitted to
give alarm to the Turks, to and submit to the inevitable. England is but little
likely to
irritate the Italians, and to fill the British with
suspicion. discover in the little affair a cause of quarrel with France.
It is well to bear in mind that Tunis is a
dependency of Mr. Gladstone has already reminded the country of Eng¬
the Ottoman Porte, and not an
independent State. It is land's difficulty. It is notorious that when
England took
true that the ties which bind the
province to Constanti¬ possession of Cyprus, Lord
Salisbury informed M. Wadnople are of a peculiar kind. For some centuries it shared dington that the
English government would not object if
the fate of the rest of the Barbary
States, and was ruled France, by way of compensation, were pleased to annex
like other distant provinces of the Turkish
empire. For a Tunis to her African territory. It is equally notorious
time, during the eighteenth century, its destiny was linked that in 1816, when
Algiers was in nominal allegiance to
with Algiers.
In 1871 the Sultan renounced all claim to the Sultan at Constantinople, the
English and Dutch, fol¬
tribute; and since that time the Bey has had absolute lowing the example of the Americans, the year before,
He has had his own army. bombarded the city, and concluded a treaty with the Dey,
power in all internal affairs.
without the intervention of the Sultan.
Of both these
But many things remained to remind the
Bey and his facts the British Prime Minister
has reminded the people.
people of the Sultan’s supremacy. The Bey must receive It would thus seem to be his
opinion that for two very
his investiture from Constantinople.
He must not declare obvious reasons British hands are tied.
Whatever France may finally choose to do in the mat¬
war, or conclude peace, or cede territory, without the Sul¬
tan’s consent.
The Sultan’s name must
She has set an example
appear on the ter, one thing remains clear to us.
which others may be willing
enough to follow, and which,
coinage ; and the army of the Bey must always be at the if followed to
any very great extent, will speedily make an
disposal of the Imperial government. It results from this end of
Turkey in Europe. She has given a blow to the
state of things that the Sultan has direct interests in
Tunis, inviolability of treaties. In view of her present conduct
that he has a right to protect these interests, if he
Crimean wars
and Berlin Conferences seem
can, and
strange
that, if he cannot protect them, he has a right to appeal to anachronisms.
Europe, and demand the needed help.
Arkansas State Finances.—A dispatch from Little Rock,
What then is the present situation? To
May
17> says: “ Leonard Matthews, of St. Louis, a well-known
right some
capitalist, is in the city trying to arrange a loan to the State.
real or imaginary wrong, France has dealt
directly with He proposes to advance money enough to take up $200,000 of
the Bey of Tunis, and ignored the Sultan.
A treaty has the Brooks-Baxter 10 per- cent war bonds and fund them in
Loughborough 6 per cent bonds. If the bonds can be procured,
been concluded between them; and such are its
provisions it will save the State 4 per cent per annum." The Baxter
bonds
that the Bey, his people, and his
territory, are brought run four years yet.”
Jersey City Finances.—Mr. M.
under the protectorate of France.
Kilcauley, the Assessor in the
France, it appears, First
District of Jersey City, has prepared and submitted to the
claims the right to occupy such
territory as she may deem Board of Finance ana Taxation a statement of the property in
necessary for the maintenance of order, and the security that district alone from] which the city derives no revenue.
The total amount is $5,359,000, divided as follows :
of the frontier and the coast;
guarantees to the Bey
Real.
Personal.
Total.
Railroad
$1,584,000
$552,000
$2,136,000
security of person, State and dynasty, with the mainten¬ Pennsylvania
Central Railroad of N. J
1,488,000
600,000
2,088,000
Canal and Banking Co..
ance of actually
175,000
175,000
existing treaties between the so-called Morris
Church property
503,000
503,000
Regency and the European Powers; forbids him to con¬ Corporation of Jersey City.... 457,000
457,000
clude any new international convention without her con¬
Total
$4,207,000
$1,152,000'
$5,359,000
The Assessors in the other five districts are preparing simi¬
sent; assumes the diplomatic control of the affairs of Tunis lar statements.
Britain
are
im any way
“
“
.
t
_
—
__
May 38,
THE CHRONICLE.
1881.]|
monetary s^oinntevciiil gwgltsfr itcujs
Amsterdam
Amsterdam
3 mos.
Short.
3 mos.
.
Rotterdam.
Antwerp..
Hamburg .
Berlin
Frankfort.
Copenhagen
St. Peters’bg
Time.
May 14 Short.
25*55
g>25*6212
20-65 '5/20*09
20*65 ■ft 20*69
20*65
a 20*09
18*40 ft 18*45
May .14 Short.
May 14
®25*30
25*421aW‘2o’50
11*90 '©11*95
47583)47 3a
4758 54738
Madrid—
Cadiz
26*10
....
Rate.
do
25*15
'2)26*20
May 14 Short.
May 14 Short.
20*50
Alexandria
New York.
60 days
Calcutta..
Is. 734d.
is. 7%d.
Hong Kong
Shanghai.
From
our own
'
25*2212
3
mos.
May
9 3 mos.
May 14 Short.
May 14 4 mos.
i
May 14
44
May 14
«
May 14
4
a
25*45
9738
4*84%
is. 7ioi6d.
Is. 7%!.
3s. 9*4d.
5s. 21sd.
correspondent. I
London, Saturday, May 14, 1881.
14 days’ notice of withdrawal.
1%
statement
with the three previous years.
117*70
1881.
Circulation, including
*•
May 14
or
Bank of
20*50
20*50
ti
Per cent.
1*2
1*2
showing the present position of the
England, the Bank rate of discount, the price of con¬
sols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair second
quality, and the Bankers’ Clearing House return, compared
25*26
it
May 14
May 14
with 7
Annexed is
it
by the joint-stock banks and
deposits remain as follows :
Joint-stock banks
Discount houses at call
•
5214®5218
Lisbon....
Bombay..
discount houses for
2414®241s
Vienna....
Genoa
The rates of interest allowed
12*3^ % 12*4
12-Us ft 12’2*2
12*3^ ft 1*2*4
25*20
Short.
3 mos.
Paris
Paris
Percent.
4 months’ bank bills.....
I7aft2
6 mouths’ bank bills
2 ®21e
4 & 6 months' trade bills. 2^ ft 3
1%®178
l%317s
3 months’ bills
EXCHANGE ON LONDON.
Latest
Date.
Rate.
Time.
On—
Open market rates—
2^
Open-market rates—
30 and 60 days’ bills
AT LATEST DATES.
EXCHANGE AT LONDON—M(ty 14
Per cent.
Bank rate
EXCHANGE AT LONDON AND ON LONDON
RATES OF
567
1880.
£
bank post bills
26,699,520
Public deposits
6,439,940
Other deposits
25,072,035
Governm’t securities. 15,789,890
Other securities
18,348,628
Res’ve of notes & coin. 15,276,606
Coin and bullion in
both departments
26,226,126
Proportion of assets
to liabilities
48*14
Bank rate
2*2 p. c.
Consols
102
..
Eng. wTheat,
price.
av.
1879.
£
1878.
£
£
27,245,795
19,148,443
15,854,724
29,368,375
7,217,639
29,498,741
14,675,257
20,972,066
19,046,477
10,627,882
28,100,519
33,414,852
23,358,427
7,131,197
25,581,346
15,664,230
44s. 9d.
Mid. Uplaud cotton...
5 7sd.
No. 40 Mule twist...
978d.
Clear’g-house return. 100,982,000
27,730,545
6,726,485
21,417,030
15,556,498
19,914,371
48*04
51-47
37-38
3 p. c.
2 p^c.
3 p. c.
99^
46s. Od.
983*
40s. 9d.
52s. 4d.
9638
7d.
market during the past week has presented a
6iifld.
12d.
lOd.
very quiet appearance. For commercial purposes the inquiry
94.914,000 84,262,000 86,828,000
has been upon a very moderate scale, and in this respect there
The following are the current rates of discount at the
princi¬
seems to be no prospect of improvement. The failure of Messrs.
pal foreign Centres :
B. H. Schroeder & Company has had naturally an adverse in¬
Bank
Open
Bank
Open
fluence upon commercial business, but it cannot be said that
rate.
market.
rate.
market,
Pr. ct.
Pr. ct.
Pr. ct.
Pr. ct.
the ultimate results will be very serious. Failures in mercan¬ Paris
3^
3*2
St. Petersburg...
6
6
Amsterdam
3
Geneva
2%
tile circles usually produce some anxiety; but the present fail¬
4
41-3
Brussels
3
3*2
Madrid, Cadiz &
ure is restricted to a limited circle, and hence commercial
4
4
Barcelona
4
5
peo¬ Genoa
Berlin
4
3
Lisbon & Oporto.
5
5
ple still take a hopeful view of the future. As far as money is Frankfort
3
Copenhagen
3^® 4
3kj
Calcutta
concerned, the tendency is towards lower rates of discount. Hamburg
27s
G
Vienna
4
3^
The Directors of the Bank of England have made no
change
The market for bullion has been very quiet, and no movethis week, but the state of the open market justifies the belief
ments of importance are reported.
The imports of gold have
that during the summer months money will rule
extremely easy.
been
been
small,
but
there
has
scarcely
The position and prospects of the money market here for a
any export inquiry.
The silver market has, on the whole, been
steady. The fol¬
long time past have been very puzzling and uncertain ; but
lowing prices of bullion are from Messrs. Pixley & Abell's cir¬
there now seems to be some confidence in the
opin¬ cular :
ion that the value of money must
remain
easy for
GOLD.
8.
(t.
8.
d.
some
time to come.
The New York exchange has im¬
Bar gold, fine
per oz. standard. 77 9
ft
proved, and some are of opinion that it is possible that gold will Bat* gold, containing 20 dwts. silver, per oz. standard. 77 10*2 ft
be remitted to this country from New York. Now that a more Spanish doubloons
per oz. 74 0 ft 75 0
South-American doubloons
peroz. 73 9
ft
practical view is taken of commercial affairs, and there is United States gold coin
per oz., none here
ft
German gold coin
per oz
ft
less excitement regarding the movements in
gold, there is an
silver.
ct.
d.
inclination to speak more hopefully of the future.
The fact,
Bar silver, fine
per oz. standard.
51% ft
however, connot be disputed that the power of producing is Bar silver,contain’g 5 grs.gold
per oz. standard.
52*8 ft
Cake
silver
very great; that consumption is not equal to it; and hence we
per oz. 5578 ft
Mexican dollars
per oz, nominal. Sl1^ ft
arrive at the conclusion that trade is bad.
f
Machinery and rapid Chilian dollars
per oz
ft
Quicksilver, £6 10s. Od.
Discount, 3 per cent.
communications have materially altered the conditions of busi¬
ness.
The following return shows the extent of the imports and
England, working full time, could supply the world with
all necessary goods, but she lias now
many competitors, and exports of cereal produce into, and the exports from, the United
there is a contest for supremacy which it is
plain is yet unde¬ Kingdom during the first thirty-seven weeks of the season, com¬
veloped. We have, in fact, too much capital employed which pared with the corresponding period in the three previous
is capable of yielding a
satisfactory return of interest ; but to seasons:
a great extent the
IMPORTS.
capital is fixed and is by no means easy of
1880-81.
1879-80.
1878-79.
1877-78.
being transferred to more remunerative centres of operation.
Wheat
cwt.39,762,767 42.746,014 34,005,965 40,275,793
Emigration is, however, being conducted upon an extensive Barley
9,347,072 11.198,006
8,372,941 10,087,760
Oats
6,308,677
9,459,304
7,365,855
scale ; but the agriculture of the
7,899,7^6
country suffers, and we may Peas
1,562,460
1,467,400
1,096,390
1.256,7-$$
be sure that a
Beans
1,785.099
1,657,098
884,024
2,453,328
long period will have to elapse before there will Indian corn
23,441,170 19,023,907 21,499,864 2*2,028,499
be an
average amount of prosperity in the agricultural world.
Flour
9,272,207
7,296,765
6,203,007
6,254,125
The weather is,
indeed, brilliant, but for the newly-sown crops
EXPORTS.
rain is much wanted, while the
pastures are not so luxuriant Wheat
cwt.
868,990
1,231,401
911,743
1,347,614
as
Barley
44,241
21,185
91,907
40,985
they should be at thisv period of the year. It is said, how¬ Oats
515,626
78.458
66,971
59,773
ever, that the grass, short as it is, is
68,863
86,219
13,420
16,953
thick, and the opinion pre¬ Peas
Beans
28,120
31,420
10,467
vails that if we should have some
16,967
genial showers the harvest Indian corn
188,858
307,514
391,063
180,227
94,292
prospect would be very satisfactory. The weather is favorable Flour
115,545
97,639
52,885
to the crops of winter-sown
The
Board
of
Trade
returns
for
produce ; but rain is wanted for
April and the four months
feeding stuffs to provide against the requirements of next ended April 30 have been issued. They show the following
The money
59$:
..
...
.
...
*
.
.
..
__
.
.
.
.
winter.
results:
Money has been in fair demand during the week, and as a
Stock Exchange settlement has been in
progress, loans for short
periods have maintained their value. There
has, however, as
already stated, been very little demand for money for commer¬
cial purposes, and a further
reduction in the Bank rate of dis¬
count is
now
anticipated. The Bank of England return shows
material changes, and the
proportion of reserve to liabili¬
ties is 48*14
per cent, against 47*91 per cent last week. The
following are the present quotations for money :
no
1879.
Imports
Imports
Exports
Exports
*
in
in
in
in
April
4 months
April*
4 months*
£33,736,564
117,205,290
14,642,358
-
57,722,463
1880.
1881.
£40,612,067
£35,232,364
135.463,932
142,869,946
19,623,360
71,892,976
18,130,331
71,415,830
Of British and Irish produce and manufactures.
The
following figures relate to the four months ended 30th
April:
IMPORTS.
Cotton
cwt.
1879.
1880.
1881.
5,784,870
5,917,939
6,896,970
THE CHRONICLE
5(58
the
EXPORTS.
599,507
80,060,200
yards. 1,147,191,100 1,409,612,100 1,592,727,900
72,877,700
lbs.
Cotton piece goods
Iron and steel
Linen yarn
Linen piece goods
Jute manufactures
Silk manufactures
British wool
Colonial and foreign
Woolen yarn
624,9*11
552,082
cwt.
Cotton yarn
1881
1880.
1879
Cotton
63,263,200
tons.
727,089
1,372,527
1,009,280
lbs.
yards.
yards.
6,099,200
4,901,000
70,817,600
61,037,100
5,974,600
62,626,000
63,258,300
64,653,782
10,507,600
76,288,352
59,542,600
46,025,600
£
lbs.
582,628
1,974,000
wool.lbs.
lbs.
Woolen cloths
yards.
Worsted stuffs
yards.
Blankets & blanketing..yds.
Flannels
yards.
Carpets
yards.
75,628,000
8,831,900
12,692,200
66,869,500
1,824,900
1,611,500
771,891
4,550,700
633,054
9,794,300
7,560,100
.15.413.500
69,500,200
1,924,800
1,935,900
14,228,800
75,819,800
2,117,300
1,550,400
2,833,200
1,929,900
2,736.100
following were the quantities of cotton manufactured
piece goods exported in April, compared with the corres¬
ponding month in the two preceding years :
The
Yards.
*
3,370,500
4,255,500
4,052,400
6,821,800
4,610,900
3,952,800
4,793,700
6,642,500
3,616,200
3,502,000
30,573,600
1,970,500
55,229,900
6,588,700
1,335,400
12,199,800
3.169,300
8,447,200
4,773,900
9,032,700
605,300
1.341,700
20,314.600
10,917,000
5,831,400
6,030,400
6,653,900
2,703,900
3,212,000
3,093,800
19,038,400
1,528,000
4,595,400
15,046,400
1,509,000
5,760,400
Holland
France
Portugal, Azores & Madeira.
Italy
Austrian Territories
Greece
Yards.
4,001,900
5,311,400
4,458,200
5,548,100
5,104,200
1,435,800
Germany
Turkey
Egypt
1881.
1830.
1879.
Yards.
Exported to—
West Coast of Africa
United States
324,800
1,264,300
4,818,000
889,100
Foreign West Indies
Mexico
United States of Colombia
4,857,400
15,628,800
(New Granada)
Brazil
911,300
3,703,600
Uruguay
Argentine Republic
3,578,300
Japan
Java
Philippine Islands
Gibraltar
Malta
British North America
British West India Islands «fe
Guiana
6,462,300
7,555,400
355,400
2,893,700
2,124,900
33,793,S00
1,491,800
9,201,900
2,133,500
1,098,900
1,369,200
1,565,500
Chili
Peru
China and Hong Kong
1,517,600
54,787,800
4,401,500
7,564,800
4,322,800
28,550,000
2,616,100
6,510,900
4,624,400
1,852,600
1,639,000
2,625,400
1,604,600
2,537,400
3,562,500
3,003,200
3,207,700
3,499,000
1,616,000
1,379,700
1,248,300.
19,844.300
3,282,600
35,514,500
5,717,800
71,685,100
7,200,500
2,938,100
4,880,300
22,922,900
41,680,400
203,092,100
227,765,100
79,500,000
120,545,300
276,591,500
107,117,800
1,053,300
1,244,800
1,649,900
283,645,400
349,555,200
385,359,200
British Possessions in South
Africa
British India—
Bombay
Madras
64,461.300
Bengal
5,136,600
2,623,500
4,457,200
21,620,700
Straits Settlements
Ceylon
Australia
Other countries
Total unbleached or bleached
Total printed,dyed,or colored
Total mixed materials, cotton
predominating
Grand total
.
7,736,400
86,157,700
12.835,800
2,070,100
4,667,400
29,347,400
Other manufactures of cotton show as follows:
160,302
71,436
897,701
185,142
67,439
1,358,705
66,340
82,198
71,114
3,909,844
5,329,886
5,219,059
112,707
51,182
£
£
Hosiery of all sorts
Thread for sewing
lbs.
Other manufactures, uueuumerated
Total value of cotton
1881.
1880.
1879.
Lace and patent net
£
~
*
1,187,351
manu-
factures
£
The movements in bullion
during the month and four months
have been:
GOLD.
'
Imports in
Imports in
Exports in
Exports in
April
4 months.
April
...
"
1879.
1880.
1881.
£
£
£.
407,370
914,232
6,542,577
1,592,000
621,070
2,505,421
4,154,544
1,844,937
2,660,053
4 months.
,
5,604,363
April
4 months.
....
...
April
4 months.
....
...
1,048,258
4,242,649
1,232,568
4,296,113
494,058
640,123
2,628,451
2,071,571
651,380
546,099
2,740,394
2,702,843
TOTAL GOLD AND SILVER.
Imports in April
....
Imports in 4 months.
Exports in April
Exports in 4 months .
....
....
2,204.236
10,785,226
1,770,338
6,936,166
present time, it seems that wheat and winter-sown corn
yield favorable results to the producer. There will be
undoubtedly a short straw, which will be a loss to the farmer
but, with very few exceptions, dry seasons (where the wheat
plant, as is the case this season, has been well rooted)
are
favorable
a
fine
to
quality of
produce, and
we... may
therefore hope that in this respect the
farming community will obtain some advantage. What,
however, concerns this country most, now that wheat is grown
so extensively abroad, is that we should be able to produce an
adequate supply of feeding stuffs. A dry season is a very
serious matter to this country. We have passed through sev¬
eral wet seasons, which have very materially damaged our crops
of cerial produce, but, on the other hand, we have harvested
large crops of roots and grass, and the result has been that
during the winter months there has been a liberal supply of
cattle food. Our cattle markets have, in consequence, been
adequately supplied with meat, and, it may be assumed that as
prices have been maintained, a higher range of values would
have been attained had graziers been compelled to send their
stock to market prematurely. A dry season and a scarcity of
grass compel graziers to send their “ stock ” to market before
it is “ripe;” but the ultimate result is that by compulsory
marketing before the proper time, there is a heavy loss in the
actual weight of meat marketed over a given period, compared
with the quantity of stock, in numbers, brought forward.
But why did farmers and graziers send so much stock to
market at such a time ? Clearly because there is an insuffi¬
ciency of food, which necessitates stock being sold in a lean
condition. If, under ordinary conditions, a loss, say of 20 per
cent in actual food, was the’ result of a dry summer, that loss
must be felt ultimately by consumers ; and it has always been
found that after a dry summer, and after its attendant draw¬
backs, farmers and graziers have held back their stock as soon
as the pastures in the autumn enabled them to do so.
The
result has been that a dry summer has had the effect of
making meat dearer in the autumn and winter ; and as meat is
now at a very high price, a further advance would be the cause
of much anxiety to nine-tenths of the community.
During the week ended May 7, the sales of home-grown
wheat in the 150 principal markets of England and Wales
amounted to 36,711 quarters, against 23,900 quarters in 1880
and 57,477 quarters in 1879; and it is estimated that in the
whole kingdom they were 146,850 quarters, against 95,600
quarters and 230,000 quarters in the two previous seasons
respectively. Since harvest the sales in the 150 principal
markets have been 1,289,314 quarters, against 1,105,130 quarters
in 1879-80 and 1,975,276 quarters in 1878-9; the estimate for
the whole kingdom being 5,157,300 quarters, against 4,420,520
quarters in the corresponding period of last season and
7,901,000 quarters in 1878-9. Without reckoning the supplies
of produce furnished ex-granary at the commencement of
the season, it is estimated that the following quantities of wheat
and flour have been placed upon the British markets since
harvest. The visible supply of wheat in the United States is
also given :
will
.
1880-1.
Imports of wheat.cwt.39,762,767
Imports of flour
9,272,207
Sales of home-grown
produce
22,348,200
901,423
3,663,571
1,272,450
5,208,264
71,333,174
Total
Deduct
SILVER.
Imports in
Imports in
Exports in
Exports in
[vol. xxxn.
exports
wheat and flour
or
963,182
Result
70,419,992
Av’ge price of English
wheat for season (qr.) 42s. lOd.
Visible supply of wheat
in the U. 8.... bush.18,500,000
1879-80.
1878-9.
1877-8.
42,746,014 34,005,965 40,275,793
7,296,765 6,203,007 6,254,125
„
19,155,600 34,238,116
69,198,379
27,211,950
74,452,083 73,741,868
1,329,040
1,400,499
68,170,991' 73,123,048
72,341,369
1,027,388
47s. Od.
40s, 5d.
21,241,555
15,103,416
52s. 7d
1,554,355
-
6,782,995
2,391,036
8,344,757
English Market
Reports—Per Cable.
daily closing quotations for securities, &c., at London,
provisions at Liverpool, are reported
As remarked above, the weather during the week has been
brilliant, though treacherous. We have had warm days and by cable as follows for the week ending May 27:
cold nights, but as there is an absence of rain, the crops have
Fri.
Thurs.
Wed.
Tues.
Mon.
Sat.
London.
not been inj ured to any extent. It is said, indeed, that the
51%
51%
51%
51%
51%
d. 5158
fruit crops promise well, and that, as far as wheat is con¬ Silver, per oz
1025x0
102710
1029x6
1O21%0
10213ifl
102916
Consols for money
lO29i0 1027x0
102 %
1021j>ig 10213x6 102%
cerned, there is, at least, a fair average prospect. The newly- Consols for account
36*30
36*25
86*12%
86*15
36*05
Fr’ch rentes (in Paris) fr.
107%
sown crops, however, require a genial fall of rain, but there
107%
107%
107%
10714
10718
U. S. 5s of 1881
118
117%
117%
117%
118
117%
U. S. 4%s of 1891
are no indications of any change from the present period of
121
120%
120%
120%
120%
120%
U. S. 4s of 1907
51 %
51%
51%
52%
52%
drought. It seems, in fact, that we have entered upon a Erie, common stock
5178
149%
150
149%
149%
146
150%
Illinois Central
period of dry weather, and that the crops will be quickly Pennsylvania
30%
30%
29%
30“
30%
brought forward towards maturity. The agricultural prospect Philadelphia & Reading. 30% 156%
156
156%
156%
156%
15614
New York Central
is not, however, regarded as satisfactory or encouraging. At
....
The
and for breadstuffs and
,
THE CHRONICLE.
1881]
May 28
Flour (ex.
Spring,
Wed.
8.
s.
d.
d.
12 3
12 3
9 3
9 3
9 3
9 3
9 2
9 3
9 2
9 3
9 6
9 6
9 6
9 6
9 2
9 2
9 2
9 2
t<
4 lli2 4 10i2 4 10i2
4 11^
72 O
72 0
72 O
72 0
44 O
44 O
44 O
43 6
. 83
85 0
85 O
85 0
0
56 0
55 9
55 9
55 9
cw t. 60 0 56 O 55 O 55 O
*
State. 100 lb.
12
d.
s.
3
12
Thurs.
d.
3
J,
l,wh.
Ijo.
2...
\Yeat.,n.
Wheat, No
lues.
Alon.
Sat.
Liverpoolv
Winter,
Cal. white
Corn, mix.,W.ncw
Fork, West, mess. .$
bbl.
cwt
Bacon, long clear,
Beef, pr. mess.
new,|Rc
Lard, prime West.
Cheese. Am. choice,
new
-
s.
d.
12 3
9 3
9 2
9 6
9 2
4 11
72
ff
44 O
85 0
55 O
55 0
Fri.
d.
8.
12 3
9 4
9 3
9 7
9 2
4 11
72 0
44 O
85 O
55 0
55
O
(Commercial aucUlXtscellaueous Hems.
Banks Organized.—The following-named national
organized this week :
National
bank was
o
Atlantic City National Bank, Atlantic City, N. J.
capital, $50,000; paid-in capital, $30,000.
Evans, President; Robert D. Kent, Cashier.
slo7 —The
^
ized
Author*
Charles
Exports for the Week.—The imports of last
compared with those of the preceding week, show
a decrease in dry goods and an increase in general merchandise.
The total imports were $8,928,936, against $7,402,387 the pre¬
ceding week and $10,605,789 two weeks previous. The exports
for the week ended May 24 amounted' to $7,077,845, against
$6,014,011 last week and $7,123,664 two weeks previous. The
following are the imports at New York for the week ending
Imports and
week,
(for dry goods) May 19 and for the week ending
merchandise) May 20; also totals since January 1:
FOREIGN IMPORTS
AT NEW
(for general
YORK.
Chicago Milwaukee &St. Paul Railway Company—$4,200,000 Chicago
& Pacific, Western Division, 5 per cent mortgage bonds.
St. Louis Alton & Terre Haute Railroad Company—$1,357,000 divi¬
dend bonds issued to the preferred stockholders for arrears of interest
to
January 1, 1881.
Oregon & California.—Under the new agreement the bond¬
exchange their bonds for preferred stock, re¬
ceiving also common stock to the amount of 50 per cent of the
face of the bonds, the common stock representing the unpaid
coupons.
The syndicate agrees to take an issue of $6,000,000
new general mortgage bonds at par, being $20,000 per mile of
completed road, 200 miles of the original Oregon & California
and 100 miles of the former Oregon Central. Of these bonds
$2,000,000 are to be taken at once, and the proceeds used to pay
olf all prior liens; the other $4,000,000 will be taken as required
to build the extension from Roseburg, Oregon, to the California
line, which will be begun at once.
holders agree to
Southern
track of this road has reached
and regular trains are now running to that
point. El Paso is 88 miles from Doming, the junction with the
Atchison Topeka & Santa Fe, 554 miles from Yuma and 1,286
miles from San Francisco. This line of 1,286 miles from San
Francisco to Yuma is
Week.
$1,811,760
9,866,939
$1,191,503
3,413,583
$1,019,354
4,424,475
$4,200,532
$5,443,829
$11,678,699
$8,928,936
$34,782,259
$37,932,762
$55,727,461
$45,725,328
82,210,410
88,358,969
153,898,001
122,975,380
$84(5.949
Dry Goods
Gen’l mer’dise..
T'rfia.l
Since Jan. 1.
Dry Goods
Gen’l mei’dise..
In
7,737,433
$116,992,669 $126,291,731 $209,625,462 $168,700,708
Total
report of the dry goods trade will be found the imports
our
of dry goods for one week later.
The following is a statement
of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending May 24, and from January 1 to date:
1879.
1881.
1830.
139,706,714
$7,077,845
147,897,361
Total a’oe Jan. 1 $140,367,96$ $126,496,862 $148,566,272
$154,975,206
For the week...
Prev. reported..
$6,665,896
133,702,070
$5,372,627
121,124,235
$8,859,558
The following table shows the exports and
gt the port of New York for the week ending
imports of specie
May 21 and since
January 1,1881:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
that the Texas & Pacific track will be met. Just below Ft. Quitman the line will leave the Rio Grande, cutting across the great
southward bend of that river and meeting it again at the north¬
bend,
some
80 miles west of the mouth of the Pecos.
ton Harrisburg & San Antonio extension, which will probably be
at a point about 350 miles from El Paso and 175 from San Anto¬
nio. Surveys are made and work will soon be begun on a short
extension of the Wilmiflfeton Division (which connects Los
Angelos with its port, Wilmington) to deep water at the break¬
which forms the harbor. This extension, with a wharf
which the company wilf build, will save the expense of lighter¬
age and make direct transfer between ship and car possible.
Surveys are to be made for a branch from Yuma down the
Colorado to Point Isabel, at the head of the Gulf of California.
water
—R. R. Gazette.
—The attention of investors is called to the first
per
Great Britain
France
Since Jan. 1
$4,260
$
25,100
715
West Indies
Mexico
South America
All other countries
2,000
Silver.
Great Britain
France
Germany
West Indies
Mexico
South America
All other countries
'
Total 1881
Total 1880
Total 1879
Of the
Since Jan. 1
$20,020,221
135.810
2,000
Total 1880
Total 1879
$
35,216
13,938
1,985
16,518
Germany
Total 1881
Week.
2.639,641
4,727,751
236,661
146,872
210,045
100,791
$
10,083
6,926
1,580,191
13,024
1,259,408
255,996
18,225
596,369
$164,300
$4,292,575
3,000
26,050
114,157
10,204
$169,170
24,337
18,446
$167,300
107,151
459,988
$4,485,769
1,983,474
7,949,272
$68,372 $28,081,982
$
price has been recently advanced from 92^6
97?6 and accrued interest.
—One of the old and prominent houses of Wall Street is that
of Messrs. P. W. Gallaudet & Co., who now occupy offices cor¬
ner of Wall Street and Broadway, in the United Bank Building.
These offices alone must add to the comfort of customers, as
so arranged as to afford every elegance and convenience.
The firm deals in stocks, bonds and commercial paper, and
make advances on the latter, as well as on other securities.
they are
—Mr. Fred. H. Smith, well-known in Wall Street as an
investment bond and stock broker, especially in railroad
BANKING AND FINANCIAL.
_____
285
60,389
319,636
722,408
81,813
3,950
$68,437
$1,289,734
235,198
202,048
2,307,981
3,586,014
FISK.
NO.
BANKING
1.
$5,524,000 of second mortgage income bonds as may be stamped
'assented,” in accordance with the scheme to replace them with second
3. We render accounts
4.
our
line of business.
discount or buy commercial paper, but are at all times
prepared to make advances to customers and correspondents on
United States bonds or other first-class and marketable securities.
All deposits are subject to check at sight without notice.
FISK & HATCH.
5. We do not
bonds
Lbicago st. Paul Minneapolis & Omaha Railway Company—$3,392,000
consolidated mortgage bonds, Nos. 15,301 to-18,692 inoluaive.
current, and credit interest as above, on the last
day of eaoh month.
For parties keeping regular deposit accounts with us we collect and
credit United States, Railroad and other coupons and dividends
payable in this city, without charge; make careful inquiries and
give the best information we can obtain respecting investments or
other matters of financial interest to them; and in general serve
their interests in any way in which we can be of any uso to them in
fage
sinking fund
6 per cent bonds to tbo amount and in place of the
ond certificates
now extant.
con8°kdated railway and land grant mortgage 5 per cent
bonds80^ Pacific Railway Company—$4,500,000 third mortgage
DEPARTMENT.
allow no interest.
mortgage gold bonds.
Northern Pacific Railroad Company—Land grant general first mortLouis Iron Mountain & Southern Railway Company—$32,036,000
HATCH,
are
2.
Milwaukee Lake Shore & Western Railway Company—$3,000,000 first
mortgage 6 per cent gold bonds and $500,000 income bonds.
International & Great Northern Railroad Company —As many of the
Sc
NASSAU STREET,
New York City.
5
prepared, on the terms mentioned below, to receive the deposit
accounts of responsible parties in good stand iny :
Except in the case of Banks, Savings Banks, or other well-known cor¬
porations, or of individuals or firms whose character and standing
are already known to us, we require satisfactory references before
opening an account.
We allow interest at the rate of three per cent per annum on the
average monthly balances, when the same amount to $1,000 or
over.
On accounts averaging less than $1,000 for the month, we
We
above
m®rtgage 6 per cent mortgage bonds.
Minneapolis & St. Louis Railway Company—$500,000 7 per cent income
mortgage bonds.
^ Norfolk & Western Railroad Company—$15,000,000 preferred stock ;
$11,000,000 6 per cent general mortgage bonds; and. when the engraved
certificates are ready for use, $3,000,000 common stock.
Pennsylvania Company--$10,000,000 4*2 per cent guaranteed first
active,
securi¬
ties, has removed from No. 13 to No. 20 Broad Street.
$101,253
22,844
26,252
19,341
total
The
present issue of bonds is $600,000, bearing 7 per cent interest,
secured by a second mortgage on the completed, and a first
mortgage on the uncompleted part, from Martin to Jackson,
Miss., a distance of 55 miles. When completed, this road will
form, geographically, an important link in a direct line from
New York to the Pacific. These bonds have already met with
imports for the week in 1881, $16,539 were
American gold coin and $37,891 American silver coin.
New York Stock Exchange.—The Stock Exchange has listed
the following new securities :
8*-
mortgage 7
cent coupon bonds of the Natchez Jackson & Columbus
the completed road to date is valued at $675,119. The
indebtedness of the company is set down at $216,065.
to
Gold.
Week.
longest continuous line in this
The company will at once
begin the work of construction from El Paso down the Rio
Grande to Fort Quitman, about 140 miles, where it is expected
such favor that the
Imports.
Exports.
the
Railroad Company, offered in this market by the well-known
firm of Messrs. Britton & Burr. The gross receipts of the
company have been the past year $41,855, and the net $21,401;
EXPORTS FROM NEW YORK FOR THE WEEK.
1878.
now
country operated by one company.
Work is not to stop at El Paso.
ern
For
Pacific.—The
El Paso, Texas,
Thence the road will follow the river until it meets the Galves¬
1881.
1880.
1879.
1878.
569
6.
570
THE
CHRONICLE.
May 27.
£Ixc ^mxhzxs7 ©alette.
DIVIDENDS:
The following dividends have reoentlv been announced:
Name
Per
cent.
of Company.
When
Books Closed.
Payable.
(Day8 inclusive.)
....
$2
June
15
May 29 to June 12
June
10
May 30 to June 10
miscellaneous.
Spring Mountain Coal
3*2
FRIDAY,
MAY
27,
Sixty Days.
Prime bankers’ sterling bills on London.
Prime commercial
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort (reiclimarks).
s.
Bremen (reiclimarks)
Demand.
4 83
®4 83 *2
4 8l%<z>4 82
4
4 85
®4 85*2
4 h3*2 3>4 84
4 83
@4 83%
81^3)4 81%
5 22*2® 5 21*4
39%®
94%®
94 *4®
5 20
40
9430
9438
®518%
40i8@ 40*4
9434®
94%®
#
Railroad*.
Chicago Burlington & Quincy
I YOL. XXXII.
1SS1-5
P.
M.
The Money Market and Financial Situation.—Essential im¬
947g
94%
United States Bonds.—The Government bond market
has
been very active in the transactions among dealers, and the re¬
corded sales at the Stock Exchange do not represent a tithe
of
the whole business done; indeed, they furnish no indication of
the activity of 1 he market. In the early part of the week the de¬
mand ran most heavily on the new 3/4 per cents, but the
past
day or two the demand for the 4 per cents of 1907 has been most
provements have been made in the arrangement ot the stock conspicuous. We have heard of $700,000 taken for a
single
prices and other statistical matter on the following pages of this estate, $200,000 to-day by a bank, and other similar orders. The
Windoms are selling at i04%.
report. The table on the next page is now believed to give the
The closing prices at the New York Board have been as follows:
most comprehensive exhibit of the range of prices at the New
Interest May
May
May
May
York Stock Exchange anywhere published, and as that page and
May May
Periods.
21.
23.
24.
25.
26.
27.
the bond quotations on the page following are set up in entirely
pnnMnnp.fi nt, 3*<>
J. & J.
*104
"104
*104
*104
new type, it is hoped that our readers will
duly appreciate the 68, 1881...
reg. J. <fc J. "103 34 104
J.
&
J.
*104*2
6si 1881...
improvement.
5s, 1881...
reg. Q.-Feb. *104% M04 34 *104% *i0478 *10470
Tne complete success of Secretary Windom in renewing the 5s, 1881..
Q.-Feb. *10450 1 0 34 10470 10478 105 *104%
reg. Q.-Mar. *11478
1891.
115%
$250,000,000 registered fives in his 3/£ per cents, payable at 4*28,
4%s, 1891.
coup. C$.-Mar. *116% *ii6% *110*4 *116*4 *116% *116%
Q.-Jan.
*11730
4s,
1907...
11730
reg.
117*2
1171.2
‘11730
has
lent
*118
option,
renewed strength to the general situation. The
11730 *11730 *11730 117*2 118
48, 1907...
coup. Q.-Jan.
118%
progress of speculative stocks and bonds necessarily meets with 6s, cur’cy, 1895..reg. J. & J. "131 *131 *131 *131 *131 *132
*132
J.
&
J.
"132
*133
*132
*132
*133
occasional re-actions in the upward movement, but these have 6s, cur’cy, 1896..reg.
"133
*13 4
‘133
*133
6s, cur’cy, 1897.. reg. J. & J. *133
*134
not yet been considerable, and fcthe undertone is one of
1898..
J.
*134
&
J.
*134
*135
*134
*134
*135
great 6s, cur’cy, 1899.. reg. J. & J. *135
*135
reg.
*136
135
*135
*136
confidence. The Stock Exchange markets have an outside sup¬ 68, cur’cy,
Tills is the price bid at the morniug board; no sale was made.
port that has hardly ever been equaled. Not only are the stock
The range in prices since Jan. 1, 1881, and the amount of
operators numerous in all the minor cities throughout the Eastern each class of bonds outstanding May 1,1881, were as follows:
i
......
*
*
and Middle States but the rise in Southern stocks has been
large, and the fluctuations in such markets
so
Baltimore and
active, that the South is interested in
Richmond have been so
stock operations to a greater extent than ever before.
lowing
a
range
of prices of
a
few of the new
The fol¬
Southern stars is from
Baltimore circular of last week:
May 7.
Richmond & Danville RR...
Richmond & Alleghany RR.
Charlotte Col. & A. RR
Atlanta & Charlotte RR
Norfolk & Western RR., pref
..
.
.
..
..
May 14.
98
43
45
75
60
102
60
56
76
May 21.
115
76
65
89
68
65
In addition to the home influences, it is notorious that the London
market has never been so accessible as now for
placing the
lightest class of our non-dividend paying stocks ; and whereas it
formerly difficult to get the best and most substantial of
American railroad stocks listed at the London Stock
Exchange,
they now accept the most speculative sort of stocks without hesi¬
tation. These circumstances, together with the great ease in
money, have a most important bearing on the stock situation,
and show that the capacity for
distributing vast amounts
of stock among holders at home and abroad is one of the ele¬
ments of strength which must exert a
powerful influence.
The money market is very easy and Government bond dealers
pay 2 per cent for call loans, while stock borrowers pay 2/£ @4
per cent, the latter being rather an outside figure. Prime com¬
mercial paper is quoted at 3^@4 per cent.
The Bank of England statement on
Thursday showed a gain
for the week of £\ 11,000 in specie, and the
percentage of reserve
to liabilities was 46 15-16
per cent, against 45^ per cent last
week; the discount rate is unchanged at 2/£ per cent.
The
Bank of France shows an increase of 8,625,000 francs
gold and
was
2,325,000 francs silver.
The
last statement of the New York
City Clearing-House
banks, issued May 21, showed an increase in the surplus above
legal reserve of $1,921,375, the total surplus being $16,738,575,
against $14,817,200 the previous week.
The following table shows the changes from the
previous week
and a comparison with the two preceding years:
1881.
May 21.
.
Loans and dis.
Specie
Circulation...
Net
deposits.
Legal tenders.
Legal reserve.
Reserve held.
Surplus
Differ'nces fr'm
previous
week.
1880.
May 22.
1879.
May 24.
$324,192,800
Inc .$6,461,900 $272,250,800 $257,636,500
80.518.500 Inc. 3,630,800
56,831,900
18,802.400
19,135.300 Inc.
538,400
20,304,000
19,856,600
326,611,700 Inc. 9,703,300 258,325,700 227,345,600
17,873,000 Inc.
738,900
21,669,500
43,284,900
$81,652,925 Inc.$2,448,325 $64,581,425 $56,836,400
98.391.500 Inc. 4,369,700
78,501,400
62,087,300
$16,733,575 Inc.$1,921,375
Range since Jan. 1, 1881.
as
$13,919,975
$5,250,900
Lowest.
6s, 1881
Highest.
Amount
May 1, 1881.
Registered.
cp. 101*2 Jan.
5s, 1881
cp.
4%js, 1891..cp.
4s, 1907
cp.
6s,cur’ncy.reg.
100%
111*6
11230
127*2
3 106% May 20 $155,438,850
Feb. 24 105
May 26 327,955,350
Mar. 10 116% May 16 178,307,000
Jan.
3 118% May 27 539,066,900
Feb. 28 136
Apr. 23
64,623,512
Coupon.
$40,251,550
128,067,600
71,693,000
199,555,800
State and Railroad Bonds.—The principal business in South¬
State bonds has been in the Tennessees, which have fluctuated
sharply, in consequence of the obstructive litigation attempted
ern
against the carrying-out of the new funding law; it is claimed
by some of the best informed that the injunction is for specula¬
tive purposes, and will amount to nothing in the end.
Virginia
bonds are strong; Louisianas neglected.
In railroad bonds
there has been much
Hartford & Erie issue
activity, and especially in the old Boston
(exchangeable for New York and New
England stock), and in the New York market alone the sales have
probably exceeded $7,000,000. Many reports have been circu¬
lated as to the cause of this, and the Boston Transcript says :—
Ci
We
see
in it
a
contest for the control of the New York & New
England road between the New York New Haven & Hartford in¬
terest and some Western line, possibly the Wabash, desirous of
securing it for a Boston connection.”
The following securities were sold at auction this week:
200
30
25
200
110
27
104
32
133
Shares.
Manhattan Gas Light....177*2
Merc’tile Nat’l Bk. 125*4-126
Park Insurance Co
121*2
Westchester Fire Ins
121
Firemen’s Trust Ins114
Montauk Fire Ins
121
Long Island [ns
11(»34
Second Avenue RR
111*2
Bleecker Street & Fulton
25*2
Ferry RR
40 Am. Ex.cli. Ina. Co. 114 *2-115 *4
100 Star Fire Ina. Co
116
40 Importers’ & Trad’s’ Ins. 100
10
4
1
10
400
10
Shares.
Bank of N. Y. Nat’l Asso. 1461*2
Metropolitan Nat’l Bank. 161
Clinton Hall Association. 70
Old Dominion S. S. Co...109
Spring Mountain Coal
46
147*2
Bank of Commerce
Bonds.
$25,000 Tebo & Neosho RR.
1st mort. 78, due 1903
116*2
1,000 N. Y. Academy of
Music Cs, due 1883
97*2
2,000 Society of Tammany
7s of 1887
88*2
Railroad and Miscellaneous Stocks.—The tone of the stock
market has been strong most of the time since our last report,
and only to-day was there an exhibit of decided weakness in the
temper of speculation. The money market is as easy as the
sanguine could desire, and with the gradual disbursement
surplus revenue in payment for bonds, be¬
tween August and December (as the Treasury it is understood
will do this', it is clear that the markets will have all the help
from Washington that they can reasonably expect. The im¬
mense interest of some of the great operators, and especially
those who are “ consolidators,” is now, and must be for some time
to come, the prime support of our markets.
These parties alto¬
gether control an amount of capital that is simply enormous,
and their great purpose now being to distribute their abundant
supply of fresh stock and bonds to a thirsty public, their inter¬
ests would all seem to demand a rigorous support of pri :es for
most
of about $70,000,000
some
time to
come.
It is also to be observed that these
parties
Exchange.—The market for foreign exchange is dull, under can have less interest in a bear movement for the simple reason
a weak tone.
The leading drawers of sterling reduced their that
they never wish to buy back the stock and bonds they are
posted rates again to-dav. For prime bankers’ "sterling bills the now putting out. They are a new creation, now to be distrib¬
actual rates are 4 83% for 60 days and 4 85% for demand, with uted and never taken back
again. This appears to be a photo¬
cable transfers at 4 85%. The export movement in stocks and
graphic view of the general status of the market, and if it is
bonds continues to be a most important item.
approximately correct, it is unnecessary to direct attention to
The following were the rates of domestic exchange on New the
fact; the elements of strength named are purely market
York at the undermentioned cities to-day: Savannah,
influences, easy money and support of heavy operators, and are
buying,
%, selling, %@% prera.; Charleston, buying, % prem., selling, not causes affecting the substantial values of the respective
% prem.; New Orleans commercial, par to 25 prem., bank, 2*50 railroads, such as increased profits, decreasing expenses, &c.
prem.; St. Louis, 75 prem.; Chicago, 50 premium; and Boston,
To-day there were large sales to realize profits and also some
40 cents discount.
shorts put out, and prices fell off quite sharply throughout most
Quotations for foreign exchange are as follows:
of the list.
THE CHRONICLE.
1881.1
Mat C8,
571
range in prices at the n. y. stock exchange for the week, AND SINCE JAN. 1.
DAILY
STOCKS.
Monday,
May 23.
»aiur«ay,
May 21.
RAII.KOAIJrt.
Albany A
*128
Susquehanna
Y. Air-Line pref...
Buffalo Pittsburg & Western..
Burlington Cedar Rapids A No.
Canada Southern
-
131
48
Boston A N.
Minnesota
Cedar Falls A
Central Iowa—Central of New Jersey
Central Pacific....
Chesapeake A Ohio
1st pref
2d pref
Do
Do
Chicago* Alton —Do
pref.
Chicago Burlington A Quincy..
Chicago * Eastern Illinois . ...
Chicago Milwaukee A St,
Paul.
I>ref.
Do
Chicago A
Northwestern
Do
pref...
Chicago Rock Isi. A Pacific
Chicago St. L. A New Orleans..
Chicago St, Paul Minn. A Om ..
r
pref.
Do
Cincinnati Sandusky * Clev....
Cleveland Col. Cin. A Ind
Cleveland * Pittsburg guar....
Columbus Chic. A Ind. Central.
Danbury A Norwalk
Delaware Lackawanna A West.
Denver A Rio Grande
Dubuque A Sioux City
Erie A Pittsburg
Flint A Pere Marquette, pref...
Hannibal A St, Joseph...
Do
pref
*78
80
29
Keokuk A Des Moines
pref
Do
Lake Erie & Western
Lake Shore
Louisiana <fc Missouri River....
Louisville «fc Nashville
Louisville New Albany A Chic.
Manhattan
Manhattan Beach Co
Marietta* Cincinnati, 1st pref.
Do
2d pref.
Memphis * Charleston
Metropolitan Elevated
Michigan Central
Milwaukee L. Sh. A West., pref
Milwaukee* Northern
Missouri Kansas & Texas
Missouri Pacific
Mobile* Ohio
'.
Morris A Essex
Nashville Chattanooga & St. L.
New York Central & Hudson
New York Elevated
New York Lake Erie A West..
..
Do
pref.
New York & New Englanit
New York.New Haven & Hart.
New York Ontario & Western
Do
pref.
Norfolk & Western, pref
..
Northern Pacific
.
Do
Do
Do
pref.
Do
Do
St. Paul & Duluth
Do
-
pref.
1st pref.
.
..
pref
St. Paul Minneap. & Manitoba.
Texas & Pacific
Texas A St. Louis
Toledo Delphos & Burlington ..
Pnion Pacific
Wabash St, Louis & Pacific
Do
pref.
.
MISCELLANEOUS.
A
American District Telegraph
American Union Telegraph
Atlantic * Pacific Telegraph
..
80
81*8
29=8
82*4
29*2
80Hi
80*8
81*2
29
33
45
45
131
220
48
82
200
82 Hi
85
81%
80%
38
45
34
59,410
12,980
1037*104 Hi 104*2 100
105*8 106
105*2 103 Hi 105*4 100% 104=4
93% 97 %
90*4 93-8
96% 97%
94
97%
95% 90%
96%
32
32%
31=4 32=
32*8 32%
31=8 32
31% 31*2
29% 31*2
4 7 Hz 4 7 ;J4
47
48
44
47=4 48
47=8 48*4
47% 48
44%
35
34
35*8 35*4
35:4
35
34% 34Hi
34Hi 34%
32Ha 34 Hi
140
1445ri140
140*4 145
145
146*4 144=4 146
140
143*2 140
72,620
121,450
10,700
5,000
T45
145
167 Ha
100=4 100=4
107*4 170
122
123*4
131 i4 132
131
132=4
144
144 \
145
148«a
82
83 *5
40
40‘*8
100=4 107 Hz
00
00 Hi
99 hi 101 Hi
141
30*4 32
72
73 Hi
123
125*8
132*2 133=4
132Hi 135
144*2 140
147
85
40 Hi 47*4
107Hi 108=8
07
100=4 101=4
r
31*2
29=8
31
70 H
70
77
80
110
110
80=4
81
82
113 Hi 115
84
83 Hi
114*2 115*2
250
93 *2
87 =
141=4 140 Hi
141
75
*78
250
87
145
140
168
*146
109
173
"30=4
75Hi
31=,
30*4
31
125=8 12678 125=8 127=8 120*8 128
108 Hi 108=4 108 Hi 109
108=8 109
80
82
80
82
110
110
81
82
81=4 85
114=4 115=4 114=4 lid
200
85
90=4 93*2
144=4 145*2
93
140
55
50
54
55 7>
50*8
25 78
25*4
20
20
57 Hi
56*2
57
54
50
27
54
57 Hi
83*4
84 78
115=4
115
90Hi
93
144 Hi 145*4
37 7«
36*4
45*2
81*a
37*4
47=8
47
47 Hi
46*4
36*4
70
142
81=s
44*4
81
35=4
40*8
120
47 Hi
G1
37=4
72
142*o
260
200
40
47
58
59=4
*135Hi 138
37
37=4
70*4 71
142*2 142Hi
205
40
58=4
140
36*2
70
142
81=8
81*8
81*8
80*2
47 Hi 48
73
74=4
108 Hi 109
39 *2 40*4
87
87
48
74Hi
48 Hi
75
48
67 Hi
40
08=4
46=4
34*4 34Hi
124*4 124=4
55=8 50*2
94Hi 95=8
50
109Hi HO
39=4 40*2
88
88*2
67*2
45=8
82Hi
36*2
407s
205
46 78
59
93
145
55*4
53*2
55
20*2
30
29
54
02
28“ '30*8
26*2
54
58
53
53
61
61 *2
45
82=8
35*8
40*8
45*4
59*4
37*8
45=4
85
36=4
40=8
46*2
60*4
35*2 30*2
68*2
44Hi
83=4
35=4
46*8
132
64 *2
134*8
106=4 108=8
27*4
29
55 Hi
57=4
20
13
83
20
13*4
86*2
91*2 94*2
11278 115*2
62=8 64=8
58*2 59
49*4 51 7q
106 Hi 108
35
36
129*2 129=8
89=4 92=4
149*2 1 51 =8
109=8 111
49*8 50*2
89=4 91*4
185
37
185
38=8
45=8
66
43
85
82=4
36*4
47*4
44=8
68=4
45*8
85
36=8
46*2
44
45 78
70
260
260
45*2 46=4
58=4 60
34=8
59*2
34*4
35*4
36
36
145
33
60=8
145
34*2
70*4
143*4
81Hi
48*2
89
90*2
68=4
143
81*4
48*4
74*4
109*4
39*8
83*2
97Hi
98
98
100
143=4 x93
80=8 80=8
79*8 79 Hi
81=8
48
Hi
49
47=4 48 Hi
48=4
74
75
75
74=4 75
110
109*4 109=4 109=4 *109
39*8
89
89
89*2
97*2 98
98*2 98%
97=4
65
07*2 08*2
68%
68=8
40 7e
40=4 47
34
34
34
34
34*2
07*2
68%
40*2 47
47*4
46=4
34Hi
34Hi 34Hi
34H)
120
124=4 125=8 124*4 125=8 124*8 127
127*2
55
55 Hi 56*8
55
55*2
55*2 50=4
55=4
94 34 95=8
95 *4 95 %
95*2 95 78
95*4 90*8
34
50*2
250
91
143
55*4
40=4
50*2
84
115
140
74*8 74Ha
109*2 109*2
88
96
67
83Hi
114
50=8
58*4
63*4
133*8 133 78 133*8 134=4 133=8 134=8 134*8 135=8 133=4 135*2
33 7s 34
34
34
33
33
108
10878 108
10878 108 108=4 108*8 108 7b 108 IO8H2
101
102
102
102Hi
25
24=8 20
27
27 34
25=8
24*2 27=4
27*4 29=8
55
58
55=4
55=8 58Hi
59*4
57*4 59=8
22
21H>
20
19=4
20
Hi
20
21*2
20
13
14
15
14
13=4
13*4 13*2
13*4
77
85
75=* 77*4
89
79
85Hi 90*2
87*2
87*4
89 Hi 90 Hi
89
89=8
88=a 92*4
91*2 92*4
917s 94*4
115 78 115*8 115=4 115
114=8 115 Hi 115
116% 115*4 116=4
58Hi 61
08=4 59 Hi
60*4 03*4
61*2 64
62=8 04*4
55
55
55
55
56
57
57*2 58*2
53
54
52=8 53 78
51=8 53
51*2 52*4
51=8 52*8
108 Hi 109=4 107=4 109 Hi 107 7« 109=8 108*2 109
107*2 108*2
37 Hi 38 Hi
38
38*4 38=4
38*2
30Hi 38
35=4 36Hi
T29
130
129*2 130
129*2 129Hi 129 Hi 129=4 129*2 129=4
90 *4 91=8
90
90
91
90*2
90*2 91
90Hi 90*2
150=4 151*4 151=8 152=8 151*4 152*8 151*4 152=8 151*4 1517s
107
107*2 107
107*4 106=8 108*2 108*4 103*2 108*2 111*2
50 Hi 51*8
50
50=8 517«
50*4 51
50*2
50*8 50=8
92
92
92
91
92*2
91*4 92*4
91*4 92*4
91*2
65*8 65*2
183
184
184
185
185
182*4 182*4 183
38 7a 39=8
38 7a 39*4
38
38 7s
38Hi 39*8
38=8 39*8
80Hi
30=8
127=4
107*2 109
*200
91*2
145
50 *4
44=8
27=4
126
85
*200
....
55 Hi
81 Hi
172=4
140
70
57
50*4
50*2
55*2
50*4
73
50
70
50
70
125
53*2
93 Hz
55*4
..
Delaware
& Hudson Canal
New York * Texas Land
.
_
Adams
*42
ex-certificates
;
Co
COAL AND MINING.
American Coal
Colorado Coal & Iron.!...'.’.'!.'.’.'.'
Coal
Homestake Mining
Little Pittsburg Mining
Mariposa Laud & Mining
Excelsior Mining
New Central Coal
Stormont Mining
are
57=4
*45
2=8
50
109
168*2 169
55*4 57 H:
58%
2Hi
2*4
135
132
88
08 *2
130
119*4
119*4 119*2 119HiH9*2
03*8
41*2
25
3=4
t...
3
4 Hi
8
*4=t
3Hz
131
88*2
88*2
70
71
60
62*2
41*8
92Hi
127%
55%
95=4
55 *4
3=4
5=4
25
4*0
5=4
32*2
31
31
39
19 Hz
*38
19
39
23
37=4
3*e
4 Hz
8
5*4
3*2
132
87
72
62
*40*2
4*8
*5
30*2
19
66 Hi
18=4
66*2
22*4
22*4
22*2
37 %
38 7h
3*8
*4*4
38 7a
3
4 *2
*8
*5
3Hi
111=8 113
*45
91=8
132
87
72
111*2 112=4
50
169=8 169=8 169' 109
56% 57%
56*4 57=8
*133
2*4
....
2=8
126
127
90*4 91=8
132 78 133*4
86
87
71
71Hi
120% 120=h
135
135
Ill
*45
167
53
135
112*4
11,900
91Hi
133
133
80 Hz 87
72
72*2
121
124
89
3*4
63
41*2
62Hi
40*4
62 78
40*4
25
25
4=8
4=8
6
30*2
18=4
22*2
39=8
*24
4
5 Hz
30Hi
38
19
38*2
31
38
19
44
3
9
5*4
4=8
02 Ha
40*2
8*2
3l“
8*2
31
30
38
19
*65
23
43
3
*4
*8
*5
31*4
63
56%
135
91*2
133=4 133=4
86Ha 86=4
71*2 72
125*4 125=4
42Ha
25
4
6
34%
38
19
66H2
23
61
42
*24
23,700
43
45*2
3
4 *2
*4
8*2
5*4
33Ha
*5
32
4*2
8%
5*4
34
the prices bid and asked—no sale was made at the Board.
90*4
97*2
25=4
36*4
160
183*2
May 17
May 26
May 26
66H2 114=4
99
124%
Jan. 19
87*8 130
17 104
146*2
21 100*2 204
22
23
48
22
24
19
23 61
96*2
10 106=4 129*2
20
9Hz 25*8
53
24 50
Mar. 9
68*2 110*4
May 10 61*2 86*2
3,200 23 Mar. 10 38 May
183,420 105*2 Feb. 25 127*2 May
39
25,568
Feb. 25 58
May
38,650 77 Feb. 25 96*4 May
2,400
3,200
19,610
52
66
34
53
228
885
120
10
2,100
200
1,000
45,580
200
500
2,300
51%
83%
81
90
56
73
Jan. 13
M ay 26
57*2
75
4 115*4
Jan. 15
Jan.
45
May 25 40
Mar. 7
60
Mar. 12
25
Feb. 21 102
May 27
May 21
May 23
65
65*2 May 19
Jan.
3
4
6
33*2 Jan. 10
Jan.
Jan.
53*2
63
92=4
30
147
Feb. 18 27*2 62
Jan.
3 107*2 146
*2
4*8
Apr. 13
Jan.
=4 Jan.
32
77*2 116*2
5 134=4 Feb. 16 106*2 122
6 88*2 May 23 54
66=4
55
4 72*2 May 26 42
4 125=4 May 27 100
118
Apr. 19
May 25
l%Jan. 5
13
53
48
16
113=4
Feb. 26
5
Jan.
Jan.
6
62% Jan.
25
26Hi
50
51 Hi Jan.
2,400
1,455 112 Jan.
5,700
1,200
11,600
80
14
74*4 Feb. 12
89=8 Jan.
30
13
26
5
Apr.
3,883 135 Jan. 3 190
106,500 45=4 Jan. 41 62*4
200 130% May 14j 151
1
Feb.
5!
57,700
2*2
95,750 8OH2 Jan. 31 129
92
77
47,410
7a
Apr. 19
900
t Lowest price is ex-dividend.
80*8
81%
29
37
J9=4 Jan.
60
5,400
May
Jan.
131
195,430 107
111
12,535 82Hi Jan.
857
76 Hi Apr.
85
Jan. 15
60
83
200 110
13
110
May
May 13
89 Hi Mar. 17 91
Mar. 23
25.2(H)
44=4 Jan. 4 85
May 25 22 7e 50 %
94
29,825
Feh. 26 116
May 25 63*2 105
100 197
Jau.
8 250 ’May 23 158
200
63
Feh. 26 93 Hi May 23 49=4 91*2
40.100
124
Jan.
4 146*2 May 21
19.100
99*2 127%
50Hj Jan. 4 100*2 Apr. 28 25
52
2
8,600
57
48*4 May
*2 May 19
50
Jan.
6 92
37
Hz 50*2
May 6
7,700 14 Jan. 10 30*8 May 26
9
20*2
200
41
Jan.
4
56
Jan. 27 25
43*2
38 Hi Jan.
22.966
4 64*2 May 27 20*4 42=4
172,875 118 Feb. 25 135=4 Jan. 20 95
139=8
2,800
Feh. 21
I6H2 Jan. 26 38
79
20,025
Feh. 25 110Hz May 18 77
174
58
1,390
Jan.
7 102 Hz May 24 30
109
72,575
21*4 A l*r. 26 46H> Feb. 14 21
57*2
34
10,910
Jan. 12
50
59=8 May 26 30
6,500
9
Jan.
4 24
May 2
3=4 18
6
Jan.
9,300
7 15
May 25
2*2 12*2
Feb. 18 90*2 May 24 29*« 43
51,600 41
24.550
85 Hi Apr. 26 126
Feb. 14 83
121
68,800 103*4 Apr. 19 126*2 Jan. 20 75
130%
42
Mar. 22 64=8 May 27
35,300
53
1,800
May 20 59 May 27
176,160
39=8 Feb. 25 54 May 21 28*8 49*4
85
Jan. 28 110
20,775
May 19
8.400 18*4 Feh. 26 39
29*4
May 19 12
4.400 118
Feh. 25 130
123
May 23 100
63
Jan.
10,500
6 102
Mar. 21 47 Hz 128
65.967 140
Feb. 25 155
Jan.
3 122
155%
13,520 103
4
130*2
Feb.
15 109
May
127*4
128,946
43=4 Feb. 25 52% Jan. 15 30
51%
14.550 82*8 Feb. 25 95 Jan. 10 47
93Ha
500
60
May 10 65*2 May 23
362 164*4 Mar. 25 185
May 26 155 180
62,930 28 Jan. 4 43*2 Feb. 2 20
32=8
70
May 14 90 Jan. 29 70
85%
66
1,600
May 27 70 May 26
65,6$0 32=4 Jan. 13 51 Mar. 17 20
36
70,000
64*8 Jan. 25 85
May 25 39=8 67*2
56,134
23*8 Jan. 5 37 7s May 21 14
28*8
24,281
36 Hz Jan.
4 47 7e May 20 23
44*2
410
97=4 Jan. 8 126
May 21 57=4 102
415 219 H» Jan.
7 265
May 24 168 225
17,600
27*4 Jan. 4 47*2 May 21 18
28*2
50
23,100
Feh. 25 73*2 Feb.
9 13*2 72%
84 127
Jan. 19 142
112
129
May 17
130
Jan.
7 145
129
May 16 111
9,316 2(5
14
38
*2
May 16
Apr.
100
25
Apr. 1 38 Jan. 24 19 % 35
39
2,820
Feb. 28 77*2 May 12 15
42
98
3,400
May 26 143=4 May 25 42 Hz 112
4,040
52*8 Jan. 4 82
May 20 34Ha 66
39
10,470
Mar. 24
51
Jan. 11 25*4 48
6,650 61
Jan.
75
4
65
May 23 33
100
1,257 90 Feb. 25 HO May 23 60
40
42*2 May 4 25
Mar. 8 89Hi May 25
1,450 70
50
79*4
1,100
88 Hz Jan.
88
7 98=4 May 27 67
41 Hi Jan.
45,403
4 68 78 May 23 30
47%
7,600
41=4 May 13 47*4 May 23
900
3*2
61=4
May
May
32 7g May
77
May
92,000
31
25
45=4
*7=4
Feh. 25 101=4
127*4 Jau. 29 142
120
27*4
99Hz 159%
156
Jan.
5
Mar. 23 153
Jan.
7 117
Feb. 26 182Hi Jan. 17 113
81
High
22
17
Apr.
__
45
38*2
48*4 May 14
36 7a May 14
Jau.
‘
1,500
19
65
23
Feb.
Feh.
Feb.
Jan.
Feb.
9,900 131 *8 Feb. 26 147Hj Jan.
Feb. 26 148=8 May
21,200 129
88
6,100 40 Jan.
May
18,600
51
Jan.
40*8 Mar.
91
Feb. 25 109 Ha Jan.
46,200
2,500 41 Hi Feb. 1 67 Hi May
25
6*8
35
*22=4
160
90
42
6*8
31*4
Apr.
20=4 Jan.
32=4 Jan.
60
35
3=4
131
May 16 100
52 Hz Feb. 14 37
44
May 10
90
May 26 50
90
Jan. 14 40
40
May 26 14
45
May 23 25
112
Feb. 17 45
987h May 23 63
33 7a May 14
15
Jan.
82Hi Jan.
80 H> Feb.
1,400
10,385
63*2
3=4
*38
19
65
16
31
Low.
Highest.
95
Apr.
113,615 101 Hi Feb. 25 129
Feb. 25 140
10,800 117
Fob. _5 136
104,100 117
50
168 Hi
2*4
2*4
2%
2%
120*2 128% 127% 129
90Ha
120
45
37
69
66
23
3,500
3,110 132
400
65
62*8 63
41*8 41*8
*24
90
72
2*2
*130
88
68
118
23
37
Cameron Coal
These
*45
160
91
*31*4
*B8
19*4
Do
Caribou Consol. Mining
Central Arizona
Mining
Deadwood Mining
2 Hi
*5
Coal
pref
standard Consol. Mining
*
40
92 7g
3%
Quicksilver Mining
,
71 Hi
91
*24
Ontario Silver Mining
0.
05
121=4 123=8 123=4 120*2 124Hi 126=4
Telegraph
-United States
Consolidation
04
135
2 *4
EXPRESS.
Wells, Fargo &
63
Car
American...
•Maryland
03
105*8 166*4
57*4 58*4
Pacific Mail
Sutro Tunnel
•Western Union
Do
54*2
03
tll2=4 114*2 xll278 13*2 112=4 113*8
Oregon Railway & Nav. Co
Pullman Palace
54*2
Lowest.
275
....
wanton Co
Range for
Range Since Jan. 1, 1881 Year
1880.
140
141
25 Hi
4578
*140
171
126 Hi 128=4
127*4 128=8 127 Hi 129
134
140
136
139=4 138
137
133
132 7a
1337e 133 133=8 131
145
145
145*4 145*4 144=4 145*
143=4 144
140=4 147=4 146 78 147 Hi 147*4 147*2 144Hi 147Hi
80
85
80
85
86
*84Hi
84Hi 84 H
40 *8 47
40*8 40=4
45=4 46=b
44Hi 45 78
108
107*2 108*8 107
107*4 107^ 105=4 107*2
GO
64 *2 65 H
00*2
60*4 60*2
100*2 101*4 100*2 101*4
99*4 100*2
96=4 99
29Hi
125=8 126=8 12o=4 127*8
108 H> 108 7g 1087a 109*2
*145
168
124 78 127
132 4 133*4
132 % 134
148
88
00
168=4
80'
34
45
105
96
90
i',i47
80=8
37*4
Pittsburg Ft, Wayne & Chic
St. Louis Iron Mt. & Southern.
St. Louis & San Francisco
80
May 27.
77*8
00
Rome Watertown * Ogdensb’g
St. Louis Alton & Terre Haute.
131
80
81 *M
29 Hi
>.
Rensselaer* Saratoga
Rochester & Pittsburg
131
48
Friday,
May 26.
33
47
120
Philadelphia * Reading
May 25.
Sales of
the Week,
Shares.
81Hi
30=4
pref
Panama
Wednesday, Thursday,
May 24.
131
48
PRICES.
40
80 Hi
Peoria Decatur A Evansville...
Tuesday,
LOWEST
87
44=4
pref
Ohio Central
Ohio & Mississippi
AND
85
Harlem
Houston A Texas Central
Illinois Central
Indiana Bloomington & West..
new.
Do
International A Gt. Northern..
HIGHEST
6
5
21=4 Jan. 6
25
Apr. 27
2
Apr. 12
4
Jan. 20
8
May 21
5
Mar. 29
26
Apr. 27
1 Hz Feb. 28
43
May 23
Jan. 15
29*4 Jan. 4
8*4 Feb. 7
9
Apr. 22
35
May 27
38
May 25
Apr. 8
68*2 May 18
20
27
Feb. 17
45=4 May 26
3=8 Jan. 10
7
14
7
Feb. 14
Jan.
3
Jan.
8
35*4 Feb.
4
9
Apr. 13
55
55
19*2
42*2
39=4
28
26
1%
2*2
16
30
9
45
20
1*4
2
11*2
6
20
2*2
39
30*8
4=4
27
39=4
24%
78*2
34
6
21%
25*8
25*2
35
4%
THE CHRONICLE.
572
BONDS AND MISCELLANEOUS SECURITIES.
QUOTATIONS OF STATE AND RAILROAD
BONDS.
STATE
Bid.
SECURITIES.
Alabama— e
Claws A, 2 to 5,1906....
Class A, 2 to 5, small....
Class B, os, 1906
Class C\ 2 to 4, 1906
6s, 10-208, 1900
N.
Michigan—
73
96
83
100
Georgia—6s, 1886
7s, new, 1886
7s, endorsed, 1886
7s, gold, 1890
Louisiana—
7s, consol., 1914
7», small
30
17
15
104
110
112
112
118
61
56
Do
.......
(Stock Exchange Prices.)
6s, 1918
Balt.AO.—1st, 6h, Prk.Br.
Ala. Central—1st,
"85"
84
Bost. H. A E.—1st mort..
Bur. Ced. R.A No.—1st, 5s *103
Minn. A St. L.—lst,7s,gu *120
Iowa C.A West.—1st, 7s
....
127 34
C.Rap.Ia.F. A N.—1st,6s i04" 105*’
...
1st, La Gr. Ext., 6s,1910
2d mol t., 7s, 1904
110Hz 117
Gulf Col. A S. Fe—7s, 1909
90 H> Han. A St. Jos.—8s, eonv.
90
66;*h 66 *2 Houston A Texas Cent.—
......
ioe *
113
116
1st mort., 1. gr., 7s
1st mort., West. Div.,
1st mort.,Waco A N.,
Income and
indemn’y,7sj
Ill.Cent.—Dub. A S. C., 1st
Duh. A S. C., 2d Div., 7s
Ced. F. A Minn.—lstm.
Ind.Bl.A W.—1 st,
Miss.R.Br’ge—lst.s.f. 6s
Chic. Bur. A Quincy—
8 p. c., 1st mort., 1883 .. 109 Hi 110
Consol mort., 7s, 1903.. 1131
1132*4!
•
pref., 7s
1st mort., 3-4-5-us, 1909
2d mort., 3-4-5-Os, 1909.
Indianap.D.A Spr.—1st,7s
Int.A Gt.No.—1st, 6s, gold
iio
108
110
124*2
112
117
113 78 114 *8
i 3-4
100
104
1 10
115*2
122 Hz
94
92
82 Hz 85
107
113
112
Lake Shore A Mich. S.—
11238
Mich. So. A N.I., s.fd, 7s
Chic. Rk. I si. A Pac.—
132
Cleve. A Tol.—Sink. fd.. *111
•6s, coup., 1917
126
New bonds, 7s, 1886..
6s, 1917, registered
Cleve. P. A Ash.—7s
Keo.A Des M.—1st, g.,5s 104
Buff. A Erie—New bds. 124
Central of N.J.—lstm.,’90 121*2
Buff. A State Line—7s..
1st consol., assented, ’99 1183b 118**
Kal. A W. Pigeon—1st . *112
Conv., assented, 1902... 117*4
Det.M.A T.—1st,7s,1906 *127
Adjustment, 7s, 1903... 110*2 112
128
Lake Shore—Div. bonds *....
112Hz
Leh.AW B.—Con.g’d.as.
133 Hz
Am. Dock A Ira.-Ass’d.
Consol., coup., 1st., 7s 130
Chic. Milw. A St. P.—
Consol., reg., 1st, 7s... 128 Hz
142
1st mort., 8s, P. D., 1898 136
Consol., coup., 2d, 78.. 128
2dm.,7 3-10, P. D., 1898 1123
Consol., reg., 2d, 7s ... 124 Hz x....
Louisville. A Nashville—
1st m.,7s, $ g., R.D., 1902 130
*122
1st m., LaC. Div., 1893.. 129*4 130
Consol., 7s, 1898
2d mort., 7s. gold, 1883. 104*2
1st m., I. A M., 1897.... 1129
130
Ceciliau Br’cn—7s, 1907 110
1st in., I. A D., 1899
1*31*4
129
131
132
129
131
135
2d mort.,
7s, 1884
let, 7s, I. A D. Ext,,1908
S. W. Div., 1st, 6s, 1909.
let, 5s, La. A Dav., 1910
let S. Minn.Div.,6s,1910
1st m., H. A D., 7s, 1910
Ch.A Pac. Div., 6s, 1910
let Chic.A JYW.,58,1921
Min’l Pt, Div., 5s, 1910.
Chicago A Northwest.—
Sinking fund, 7s, 1885..
Interest bonus, 7s, 1883
Consol, bonds, 7s, 1915..
Extension bonds, 7s, ’85
let mort., 7s, 1885..
Coupon gold, 7s, 1902...
Reg., gold, 7s, 1902
Sinking fund, 6s, 1929..
Sinking fund, reg..
Iowa Midl’nd—1st m., 8s
,
Galena A Chic.—Exten.
100*4
105
133
m..
112Hz
104*
103
*125
Cons., assented, 1904-6.
2d mort., income, 1911..
H. A Cent. Mo.—1st,’90.
126Hz Mobile A O.—New m., 6s.
Nash.Cliat.A St.L—1st, 7s
110
113
113
112
111
7s, convertible, 1892
Mort, 7s, 1907
Syr. Bing. A N.Y.—1st,7s *127
Bonds, 7s, 1900
134 Hz 136
*119
*110
7s of 1871-1901
1st m.,consol., guar.,7s 12634
Del. A Hud. Canal—
let mort., 7s, 1884
109*8
1st mort., 78, 1891
*118
let mort., ext., 7s, 1891.
1st mort., coup., 7s, ’94. 118
1st mort., reg., 7s, ’94... *118*2
1st, Pa. Div., cm,78,1917
6s, subscription, 1883..
N. Y. C. A H.—1st m.,cp.
1st mort,, reg., 1903 ..
Huds. R.—7s, 2d* s. f.,’85
Canada So.—1st, int. gu.
Harlem—1st m., 7s, cp..
1st mort., 7s,heg.,1900
N. Y. Elev’d—1st, 7s, 1906
N.Y.Pa.AO.—Pr.l’n,6s,’95
N.Y.C.A N.—Gen.,6s,1910
N.Y.A New Eng.—1st, 7s.
1st m., 68, 1905
110
Nevada Cent.—1st m., 6s.
N. Pac.—G.l.gr.,lst con.6s
Registered 6s, 1921
119*2 N.Pac,—B’nd ctfs, 6s,1921
119
N. O. Pac.—1st, Gs,g., 1920
124
Alb. A Susq.—1st m., 7s *114
2d mort., 7s, 1885
*108*2
122 Hz
Ist.cons., guar.7s,1906 121
Hens. A Sar.—1st, coup,
1st mort., reg., 1921 ..
Denv. A Rio Gr.—let, 1900 119
120
1st, consol., 7s, 1910.... 118*8 119
Denv. So.P.A Pac.—1st, 7s 110
111
Erie—lei mort., extended. **.128 Hz
2d mort., ext’d 5s, lSIiU 109Hz
Norf.AW.—G.l.m.,68,1931
Ohio A Miss.—Consol, s. f.
Consolidated 7s, 1898...
2d consolidated, 7s, 1911
1st m., Springfield Div..
Ohio
Cent,—1st, 6s, 1920.
1st m., Ter’l Tr.,
6s, 1920
Panaipa—S.F. sub.6s,1897
Peoria Dec. A Ev.—1st, 6s
Evans. Div.,1st, 6s, 1920
Pacific Railroads—
Central Pac.—Gold jps..
3d mort., 7s, 1883
San Joaquin Bracuh..
| 109 109 Hz
4th mort.. ext’d. 5s, 19201 108Hz 109 Hz
Cal.A Oregon—1st m..
Prices nominal.
98*8
112
89
99*4
112
89
113
114'
121*4 123
10GHz
es, 1883
*112
6s, 1887...
6s, real estate, 1883....: 103Hz
124 Hz
Reg., 7s, 1917
*
105
100
108 Hz 109
N. Y. Central¬
No.
m.
Jack. Lan.A S—6s, 1891
Mil. ANo.—1st,4-5-68,1910
Mil. L.S.AW.—1st 6s,1921
Mo. K. A T.—Gen.,con.. 6s
123 34
C.St.P.AM.—lst.Gs,1918 113
Morris A Essex—1st
2d mort., 1891
Equipm’nt bonds, 8s,’83
Gs, 1909
C.St.L.AN.O.-Ten.lien,7s *113
lstm., con., 7s, 1897
*113
C. St. P.M.A O.—Cons., Gs
Chic.A E.I11.—lst,s.f.,cur.
Del. Lack. A West.—
110
*120
Metrop’lit’n El.—1st,1908 103 Hz 103 7e
89*4 91
2d mort., Gs, 1899
129
129
Mich.Cent,—Coil,7 s, 1902
110
129*2
1st mort., 8s, 1882, 8. f.. *107
112 Hz
111
Winona A St. P.—1st m. 109
122
2d mort., 7s, 1907
C. C. C.A Ind’s—1st,7s,s. f. *123
Consol, mort., 7s, 1914.. 126
Wise.—1st, Gs, 1930.
St.P.AS.C.—1st, 68,1919
115
113
106*8 10634
117H* 118
’87-9. 116*4
Sinking funds, 8s, ’93 123
Registered 8s, 1893... 122
Collateral trust, 6s— *111
Kans. Pac.—1st, 6s,’95 115 Hi
117
1st m., 6s, 1896
t And accrued interest,
105
137
Cent. Br. U. Pac.—1st,6s
Funded coups., 7s, ’95.
A t c h. C. A P. -1 st, 6 s, 1905
At. Jew. Co.AW.—1st,6s
Utah So.—Gen., 7s, 1909
Mo. Pac.—1st consol., 6s
3d mortgage, 7s, 1906.
Pacific of Mo.—1st, 6s
2d mort., 7s, 1891
St. L. A S.F.—2d, 6s, cl.A
small
111
registered
109
106
103
114
136
112
103*8 104
*132'
133
11634
96
97
il3*'
So. Pacific of Mo.—1st m
Tex. A Pac.—1st,6s,1905
Consol., 6s, 1905
120
109
10834
109
103
G.Div.,6s,1930
103
Pennsylvania RR—
Pa. Co’s guar. 4Hzs 1st c.
Registered, 1921
103
105
138
129
125
139
1st, Rio
Pitts.Ft. W. A Ch.—1st m
2d mort., 78, 1912
3d mort, 7s, 1912
89*4
Clev.APittsb.—Cons.,s.f
i 12 Hz
4th mort., 6s, 1892
Col. Ch.A I. C.—1st, cons
2d con., 7s, 1909
1st, Tr’t Co. ctfs., ass’d
2d, Tr’t Co. ctfs., ass’d
1st,Tr’t Co.ctfs.,suppl. 120
St.L.V.AT.H.—1st,g. ,7s
2d mort., 7s, 1898
2d m., guar., 7s, 1898.
92
120
113
117
117
115
90
116
116
107
127
130
113
135
125
125
Equipm’t bonds,7 s, ’83
Consol., conv., 7s,1907
Gt, West.—1st, 7s, ’88.
2d mort., 7s. 1893
Q. A T.—1st, 7s, 1890.
Ill. AS.I.—1st, 7s, 1882
Han. A Naples—1st, 7s
St.L.K.C.AN.—R.e.,7s
Om.Div.—1st mort,,47s
Clarinda Br.—6s, 1919
St.C.B.—1st, 7-8S.1908
No. Missouri—1st, 7s.
West.U. Tel.—1900, coup.
1900, reg
Spring Val. W.W.—1st, 6s
Oregon RR.ANav.—lst,Gs
Chic. St.L. AN.O.—2d, 1907
95
122
123 Hz CoLChic.ALC.~Iiic.7s,’90
121Hz 122Hz Cent. I a.—Coup. deb. c ert s.
126
126
Chic.St.P.AM.—L.g.mc.6s
119 Hz 119*8 Chic. A E. Ill.—Inc., 1907
106 Hz
Ind.Bl.AWest.—Inc.,1919
105
Ind’s Dec.ASpr’d—2d inc.
Int. A Gt. North.—2d Inc.
2d assented, 6s, 1909....
108*2
108
Lehigh A W.B. Coal—1888
Lake E. AW.—Inc. 7.8, ’99
119
111
109 34
Sand’ky Div.—Inc.,
1920
Laf.Bl.AMun.—Inc.78, ’99
Mil. L. S. A W.—Incomes.
* No price Friday—these are
latest
68
66*8
87
"54 "
90*
88Hj
55*2
100
99
92 \ 93
*80
3834
61 %
57
90
62
,
00*2
*68
3*4
70
124
106
108
107
110
106
104
110
108
7s, 1888
Col. A Hock.Val.—1st, 7s. 116
110
2d mort,, 7s.'
Col. A Toledo—1st m., 7s. *115
108
2d mortr, 7s
Ft.Dodge—1st,6s
Hen.—7s,g.,’71
Rapids A Ind.—1st, 7s
Des M.A
Galv.H.A
Gr.
1st mort., 7s, guar
Ex-land grant
3*2
65
122
85
112
118
112
110
118
110
87
116
122
100
Stock
Indianap. A Vine.—1st, 7s
2d mort., 6s
Kansas A Neb.—1st mort..
25
110
100
85
45
"90'
2d mort
St, Joseph A Pac.—1st m.
2d mort
St. Jos. A West’n—Stock.
South Side, L. I.—1st, 7s
Tex. A St, L.—1st, 68,1910
Utah Central—1st mort..
Utah Southern—1st mort,
Wis.Cent.—1st series, new
2d series, new
27
87
50
115
98 Hz 99
19
19*a
14 Hz
15
39
37
106Ha
105
51
48
18Hi 20
94
92
54
51
28
26
103
98
96
110
100
111
109
80
77
64
60
Southern Securities
(Broker's Quotations.)
......
109
109 Hz
iii
Atl. A Gulf—Consoles,’97
Atl.A Charlotte—1st, 7s..
*50
Income, 6s
Stock
*114
111*2 112*2 Car. Central—1st, 6s, 1923
110
111
Cent. Ga.—Consol, m., 7s.
110
*102
115
113
moHz
10134
102*8
119*2 122
111
Stock
Cliarl’te C.A A.—Consol.7s
2d mort., 7s
Stock
Chic.St.L. A N.O.—New 5s
E. Tenn.Va. A Ga.—1st, 7s
Stock
Georgia Railroad—7s
125
119
111*2
Gs.
Stock
Memph.AChar.—Ist.cons.
1st, consol., Tenn. lien..
Stock
Mi88. Central—1st m.,
2d mort., 8s
N. O. A Jackson—1st,
(Interest payable if earned.)
104*4 1043s Ala. Cent,—Inc. 6s, 1918.
102 Hz Central of N. J.—1908....
’97
105*4 105%
STATES.
99 Hz 100 Hz
104
105 Hz So. Car.—Consol. 6s(good)
Browne, consol
117*2
Virginia—New 10-40s —
110*2
RAILROADS.
112Hz 114
INCOME BONDS.
100
2d, 7s, 1887
Ind. Cin. A Laf.—7s,
2d mort
1st, Ter’l trust, 6s, 1910
Div.—6s, 1910
Tol.P.AW.—1st, 78,1917
Wabash—Mort, 7s of ’09
Tol. A W.—1st, ext,, 7s
1st, St, L. Div., 7s,1889
2d mort,, ext., 7s, ’93..
(Broker's Quotations.)
94*8 Midland of N.J.—lst,new10834
f
Income, “A”
Income, “B”
11434
Stock
118
N. J. So.—Int. guar.,6s,’99
120
N.Y.AG’nw’d L.—1st,7s,n
94
122
90*2
Miscellaneous List.
Long Island—1st mort.
..
Hav.
1896..
St.L.A.AT.II.—Div. b’nds
Tol.Del.A B.—Inc.Gs, 1910
Dayton Div.—6s, 1910..
Tcx.ASt.L.—L.g., inc, 1920
97 34
67
58
58
Plain Income 6s,
2d mort
2d mort., income, 7s, ’94
BellevilleA S. Ill.—1 st m
St.P.Minn. A Man.—1st,78 *111
106
2d mort., 6s, 1909
*106
Dakota Ext.—6s, 1910
99 34 100
Tol. Del. A Bur.—Main. 6s
99
1st, Dayt. Div., 6s, 1910
Wall. St. L. A Pac.—
General mort., 6s, 1920.
Chic. Div.—5s, 1910
N.O. M.A Tex.—Deb.scrip
Ohio Cent.—Income; 1920
66 Hi
Bost, Hartf. A E.—Stock.
97 Hz Chic.A Cau.So.—1st, g., 7s
Chic. A S’west,—7s, guar.
Cin. Ind. St. L. A Chic.—
1st mort., 6s, 1920
Cin. A Ind.—1st, 7s, ’92.
97
89*4
103*4
Income A I’d gr., reg.
90
68
jSt’gl.AR’y—Ser.B.,inc,’94
112
110
*95
N.Y.LakeE.AW.—Inc.Gs.
N.Y.P.A O.—1st inc.ae.5-7
1st, 7s, pret.. int. accum.
2d, 6s, int. acc’niulative
*107
3-6s, class C, 1906
3-6s, class B, 1906
1st, 6s, Peirce C. A O.
Equipment, 7s, 1895..
97
64
Peoria D. A Ev.—Incomes
Evansv. Div.—Inc., 1920
Roch. A Pitts.—Inc., 1921
St, Louis I. Mt. A So.—
i 17 *2
106*4
Mob.A O.—1st pref.deben.
2d pref. debentures
3d pref. debentures
4th pref. debentures
Ogdensb.AL.C.—Iue.T920
106*2
...
106
118
127
Den.Div.,6s,ass’d.’99 114*4 114*2
1st cons., 6s, 1919...I 10834 109
St, L. Div.—1st, 6s. 1921
2d mort., 3s, 1980
Nashv. A Dec.—1st, 7*.
L. Eric A W.—let, 68.1919
110
*
Peninsula—1st m., eonv.
Chicago A Mil.—1st
106 Hi
N.O.AMob.—lst,6s,1930 108
E. H. A N.—1st, 6s, 1919 108Hi 109 Hz
111*4 Rome W.AOg.—Con., 1st.
Gen’lmort., 6s, 1930.. 111
Roch.A Pitt,—1st,6s,1921
Pensacola Div—6s, 1920 106*4
N.Y.A M.B’li—1st,7s,’97
Marietta A Cin.—1st, 7s..
1st mort,, sterling
*110
Do
Do
106
112*a St. Louis A I. Mount.—1st
2d mort., 7s, 1897 .
70
Arkansas Br.—1st mort.
119
110*8 111
120
Cairo A Fulton—1st m..
*114
12134 123
Cairo Ark. A T.—lstm.
112
Sandusky Div., 6s, 1919. 106*2 107
109
Gen.c.r’yA Lg.,5s,1931..
100
Laf. Bl.A M.—let, 6s. 1919
100Hz 101*2 Louisv.N.Alb.AC.—1st,6s 108*2 109 Hz St.L.Alton A T.H.—lstm.
2d mort., pref., 7s, 1894.
102
Manhat.B’ch Co.—7s,1899 100
112
Registered
Funding 5s, 1899
Pacific.—Continu’d
State Aid bonds.7s,’84
Land grant bonds, 6s.
West. Pac.—Bonds, 6s
So. Pac. of Cal.—1st, 6s.
U fiion Pacific—1 st mort.
..
58, sinking fund, 1901.. 1104 Hi
1st in., C. A M., 1903....
Consol. 7s, 1905
District of Columbia—
3-65s. 1924
Small .bonds
115
Land grants, 7s,
107
7s
7s *116
2d, consol., main line, 8s|
2d, Waco A N., 8s, 1915]
La. A Mo.—1st m., guar. *118*2
2d mort., 7s, 1900
St. L. Jack.A Ch.—1st m *117
1st, guar. (564), 7s,’94
2dm. (360), 7s, 1898..
2d, guar. (188), 7s, ’98.
I
*125
127
*129*2 134
110*2
88
110
:
Rltode IslandOs, coupon, 1893-99
Cen.
Fl’tAl*. Marq.—M.6s, 1920
Gal. liar. A S.Ant’o—1st, (is
.-
MISCELLANEOUS SECURITIES.
114H>i:
132
6s, new series, 1914
.Virginia—6s, old
6s, new, 1866
6s, new, 1867
8 H;
6s, consol, bonds
9
6s, ex-matured coupon..
9
6s, consol., 2d series
9
6s, deferred
;
102*4
6s, 1881
6s, 1886
37
6s, old, 1892-8
6s, new, 1892-8-1900.-..
8 Hi
87
83
Small
Ohio—
10Hz
Tennessee—
8*4
8*4
class 2......
class 3
Do
Do
Consol. 4s, 1910
AND
*108
bonds, J.AJ., ’92-8
Special tax, class 1, ’98-9
112
112
6s, Act Mar. 23, 1869 \
nou-iundable, 1888.. J
13
21
21
7
Do
A.AO
Chatham RR
*
Erie—Continuednth mort.,ext., 7s, 1888.j
1st,consol., gold, 7 s,1920
Long Dock bonds,7s, ’93
Buff'. N. Y. A E.—1 st, 1916
N.Y.L.E.A W.-New2d,6
1st, consol., fd. ep., 7s.
2d, consol., fd. ep., ns.
J.AJ.
A.AO.
1868-1898.
Do
New
ll**a
6s, gold, reg., 1887
11212
6s, gold, coup., 1887
109
6s, loan, 1883
120
119
6s, loan, 1891
121
6s, loan, 1892
122
62 7e
6s, loan, 1893.
34 ia
N. Carolina—6s, old, J.AJ.
BONDS
A.AO
coup, olf,
coup, off,
SECURITIES.
Ask.
34 ^
130 i
130
110
110
13
Funding act, 1866-1900.
New York—
Railroad Bonds.
Cheasp. A O.—Pur. m’y fd.
6s, gold, ser. B, int. def.
6s, currency, int. def
Chicago A Alton—1st m..
Income 7s, 1883
Sinking fund, 6s, 1903..
Joliet A Chicago—1st m.
'87.
do
RAILROAD
Central Iowa—1st, 7s,’99
104
111
112
113
115
115
118
111
112
6s, due 1882 or 1883
6s, due 1886
6s, due 1887
6s, due 1888
6s, due 1889 or 1890
Asyl’m or Univ., due ’92
Funding, 1894-’95
Hannibal A St. Jo., ’86.,
2 6 Hi
20
15 Hz
19*2
17
15
Do
Do
Do
Missouri—
100
Arkansas—
6s, funded, 1899-1900...
7s, L. ltoc k A Ft. S. iss.
7s, Mem]). A L.Roek RR
7s, L. R. P.B.AN.O. RR
7s, Miss. O. A R. R. RR.
7s, Arkansas Cent. RR.
Connecticut—6s, 1883-4.-..,
115
i
South Carolina—
Carolina—Continued-
Os, old, A.AO
No. Carolina RR., J.AJ.
102
6s, 1883
7s, 1890....
75
73*8
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
[Vol. XXXII.
102
100
105
110
77
78
7s.
2d mort., 8s
Port Royal A Aug.—1st,6s
105
108
Rich.A Dan.—1st, cons.,6s
108
Stock
79 34
76
Southw. Ga.—Conv. 7s, ’86
99 34 100
Stock
--99 7e 103
S.CaroltnaRR.—1st m., 7s
98
78
80
80 7e
82
109
57
113
116
96
84
95
119
162
112
101
62
105
165
120
111
118
180
114
111
84
105
113
116
118
98
8s.
Certificate, 2d mort., 8s. 116
Norf. A W.—1st mort,, 6s 116
66
Stock, pref
33
Stock, common
Northeast,,S.C.—1st m.,8s
8158
107
56
Stock, assessment paid.
7s, 1902, non-enjoined..
Non-mort. bonds
Western, N. C.—1st,
quotations made thig week.
7s...
86**
120
170
114
103
64
180
115
122
187
117
85
108
67
35
125
112
104
103
115
110
130
107
108
105
118
60
118
65
122
78
106
108
82
THE
1881. J
May 28,
CHRONICLE
and Insurance Stocks.
Prices of Banks
573
Quotations m Boston, Philadelphia and Baltimore.
Insurance Stock List.
No. 7 Pine
(*) are
Marked thus
Bowery
•••••
Butchers’ & Drov’rs’
Central
Chase
Chatham
Chemical
Citizens’
City
Commerce
Continental—..
Oorn Exchange*
Bast River
Eleventh Ward*
Fifth
Fifth Avenue*
First
Fourth
Fulton
Gallatin
•••
German American .
Exchange*.
German
Germania*
Greenwich*
Hanover
Imp. and Traders’...
Irving
Island City*
Leather Manut’trs’.
Manhattan*
Marine
Market
Mechanics’
Mechanics’Assoc’n.
Mechanics’ & Tr’drs’
Mercantile
Merchants’
Merchants’ Exch’ge
Metropolis*
Metropolitan
Ask.
Bid.
too
100
100
25
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
100
30
50
75
100
100
25
100
100
50
50
100
50
100
100
25
50
25
100
50
50
100
100
Mount Morris*
145
130
Bid. Ask.
•
•
American
American
...
•
...
.
..
130
150
110
•
•
.
-
•
*
*
124*
....
•
.
•
....
....
,
•
•
...
.
...
.
.
•
....
•
...
120
127
•
*
....
•
*
...
92*
96*
....
....
r
.
Murray Hill*
Nassau*
'
New York
New York County...
N. Y. Nat’l Exch’ge.
Ninth
North America*
North River*
Oriental*
Pacific*
;...
People’s*
Phenix
Produce*
Republic
St. Nicholas
Seventh Ward
Second
Shoe and Leather.
Sixth
100
100
100
100
100
100
70
30
25
50
100
25
20
50
100
100
.
State of New York..
Third
.
Tradesmen’s
Union
United States
West Side*
100
100
100
100
100
100
40
50
100
100
30
Columbia
t
50
100
40
Commercial
Continental
150
•
70
100
Clinton
«
153
•
17
20
City
»
.
....
128
....
....
•
•
•
•
Eagle
Empire City
Exchange
Farragut
100
Firemen’s
Firemen’s Trust
Franklin & Emp....
German-American..
Germania
Globe
Greenwich
Guardian
Hamilton
Hanover
Hoffman
Home...
Hope
Howard
....
....
.
•
•
•
•
•
•
•
iso
•
i
Knickerbocker
•
Lafayette (Br’klyn).
•
•
....
120
130
100
.
103
•
162*
.
.
100
....
....
....
•
....
....
•
•
•
...
•
.
•
•
•
•
....
156*
165
100
•
•
•
•
...
Niagara
North River
Pacific
Park
Peter Cooper
.
Republic
Rutgers’
.
Standard
Star
.
....
•
145
•
•
•
•
•
•
•
....
Sterling
Stuyvesant
Tradesmen’s
United States
Westchester
Williamsburg City..
....
80
50
17
10
100
100
50
50
25
100
15
50
50
100
25
50
50
100
30
20
40
50
100
25
50
25
100
100
25
50
50
50
50
50
37*
35
100
100
too
50
25
25
100
Phenix
Relief
....
•
Lamar
Lenox
Lon it Island (B’klyn)
Lorillard
Manufac’rs’ft Build.
Manhattan
Mech. & Traders’...
Mechanics’ (B’klyn).
Mercantile
Merchants’
Montauk (Brooklyn)
Nassau (Brooklyn)..
National
New York Equitable
New York Fire
New York & Boston.
New York City
People’s
.
.
Kings County (Bkn.)
...
....
•
Importers’ ft Tr’d’rs
Irving
Jefferson
....
....
50
•100
25
25
Citizens’..
135
230
.
Exchange
Bowery
Broadway
Brooklyn
....
....
Park
Par.
Companies.
20
50
50
50
100
25
50
100
100
25
25
25
10
50
160
110
200
220
200
165
125
135
00
100
225
215
170
115
*
•
-
175
70
no
ioo
95
100
120
no
iob'
95
105
115
.
120
[ISO
.90
157
118
270
60
140
157
80
155
75
120
95
75
150
200
65
300
70
148
162
90
100
80
125
100
85
210
70
il5
96
70
116
70
150
no
170
1L0
90
112
60
145
107
100
I'M)
85
120
115
150
115
150
no
65
70
185
no
170
90
125
120
ioo
75
195
114
230
120
125
210
120
135
95
200
115
132
88
70
150
125
110
75
115
!05
120
89
108
135
121
130
ns
210
Atk.
Catawlssa. chat.
BOSTON.
1st m.7s...
Gas Companies.
Par.
Amount. Period
[
•Brooklyn Gas Light Co
Citizens’Gas Co (Bklyn)
do
bonds
25
20
,
Harlem
!
Jersey City & Hoboken
Manhattan
Metronolitan
do
certificates
Mutual, N. T
do
bonds
„
do
„
New York
scrip...!
1,000 1,000,000
25 1,000,000
F.& A.
Var
M.&N.
M.&N.
J. ft J.
M.&N.
Var.
F.& A.
50
20
50
100
Vnr.
100
Var.
100
10
People’s (Brooklyn)
Bonds
Bonds
Central
Var.
Var.
A. & O.
F.&A.
J.ft J.
J.ft J.
M.& S.
M.& S.
1,C00
_
Nassau, Brooklyn
2,000,000
1,200,000
315,000
1,850.000
750,000
4.000,000
2.500,000
1,000,000
5,000,000
1,000
ot New
Var.
50
50
York
Williamsburg
do
bonds
Metropolitan, Brooklyn
1,000
4
Municipal
do
.7.7
bonds
Fulton Municipal
_
14_
100
100
*
-
•
-
100
700,000
4,000,000
1,000,000
375,000
125,000
466,000
1,000,000
1,000,000
1,000,000
3.000,000
750,000
Quar.
Quar,
A.& O.
M.ftN.
M.&N.
Rate.
5
Date.
*
ils ~
Apr., ’81 114
2* Aug., ’80
7
3
7
7
0
Bid. Ask.
1898
’78
Jan., ’81
’01
Ap;
Feb., ’81
3* Feb., ’81
1* Apr., ’8:
1882
2* iDcc. ’80
3* May, ’8!
4
May, ’81
3* Jan., ’76
7
1897
0
1900 &c
3
July, ’80
2
Jan.. ’81
0
1900
2* Jan., ’81
5
Apr., ’81
6
1888
Feb.
-1
1.509,0001
45
!05
75
145
175
155
xlOO
64
100
55
95
50
100
80
155
178
140
103
65
104
60
100
95
93*
35
101
70
00
60
101
60
160
105
60
40
104
80
00
05
104
65
105
no
J 70
[Quotations by H. L. Gbant, Broker, 145 Broadway.]
1st mortgage.
Iroadway A
1st mortfi
abi.
mortgage
Brooklyn City-Stock
1st
mortgage
Broadway (Brooklyn)-Stock
Brooklyn & Hunter’s Pt St’k
—
900,000
1,000
094,000
100 2,100,000
1,000 1,500,000
10 2,000,000
1,000
300,000
100
200,000
100
400,000
1,000
800.000
100
500,000
100 1,800,000
1,000 1,200,000
100
650,000
250,000
1st mortgage bonds
Bushwick Av. (B’klyn)-Stock.
Central Pk. N. & E. Kiv.—Stock
Consolidated mort. bonds
Christopher & Tenth St—Stock
Bonds
Dry Dock E.B.& Batt’ry—Stock
100 1,200,000
1st mortgage, consolidated
500&C.
900,000
ffighth Avenue—Stock
100 1,000,000
.....
..
1st
mortgage
Bid St. & Grand St. Ferry—St’k
1st
mortgage
Central Cross Town—Stock
1st mortgage
Houst.West St.& Pav.F’y—St’k
1st mortgage..
_
Second Avenue—Stock
3d mortgage
1,000
100
1,000
100
1,000
100
500
100
J. ft J.
J. ft J.
Q-J.
J.&D.
Q-F.
M.&N.
Q-J.
A.&O.
J.ft J.
J. ft J.
Q—J.
J.&D.
F.&A.
J. ft J.
Q-F.
J. &D.
Q—J.
203,000 J. ft J.
748,000 M.&N.
236,000 A.&O.
600,000
% Jan.. ’81 23* 20
7
112
J’ly.1900 108
2
132
Apl., *81 12S
7
June.”84 103* 106
5
170
May, *81 165
7
110
Nov.,’80 102
3
2
7
1,199,500 J.&J.
1888
2* Jan., ’81
2
Apl., ’81
7
Dec. 1902
2* Feb., ’81
7
3
7
3
7
0
7
200,000 M.&N. .7
250,000
500,000 J. ft J.
AdL, ’81 140
Apr., ’81 95
1898
May, *81
June, ’93
May, ’81
Jan.. ’84
May, ’81
Apr., ’93
Nov.1904
7
102*
95
114
113
90
100
165
114
175
100
185
110
50
105
50
105
1C3
100
105
100
165
no
180
July. ’94
2* Jan., ‘81
7
Apr ’85
7
Oct., ’80
7
Sept.,’83
5
Feb., ’81
7
July, *90
5
May, ’81
7
July, ’90 106
150
100
105
100
120
116
100
110
118
Passumpsic, 7s, lbSi.
iaatorn,Mass.,4*s,new.
109*
Fitchburg RR., 6s
^oau. &
...
do
7s
Fort Scott & Gulf 7b
Hartford & Erie 7s
K. Cltv Lawrence & So. 4s...
Kan. City, St. Jo.&C. B. is. .
Little R’k & Ft. Smith, 7s,1st
■New York & New Eng. 6s
do
7s
New Mexico & So. Pac. 7s...
iio
db
118
ioo*. l’.O
119*119%
....
143}^ 144*
x
Albany
Lowell
Maine
Providence
_
1,000
,
108
162*
x
■
164
Cheshirepreferred
95
Chi’. & W. Michigan
Cin. Sandusky ft Clev
33
Concord
Connecticut River
33*
..
47*
151
37
99
130
pref
Fort Scott & Gulf, pref
94*
common.
Iowa Falls ft Sioux City... .x
Little Rock & Fort Smith
Manchester ft Lawrence....
155
‘yisi*
*82
80
7S
Mar. Hough. & Out
Mar. Hoagh. & Oat., pref... 126
N&nsuaft Lowell
x 146
New York A New England... 75* 75%
108*
Northern of N. Hampshire.x
Norwich & Worcester
51
Pullman Palace Car....
..
115
134
..
31%
Rutland, preferred
Revere Beach ft Lynn
Tol. Del. & Bur
Vermont & Massachusetts..
Worcester* Nashua
Wisconsin Central
17*
34%
Rich.ft Danv.cons.lnt.6s,1915
Shamokin V.& Pottsv. 7s, 1901 115
104
17% Steubenv. ft Ind. 1st, 6s, 1884.
Stony Creek 1st m. 7s 1907
*99
06 u Sunb. Haz. ft W.,lst m.,5s,’28.
do
2d m. 6s. 1933..
32
125
34*1
5s, g’d, tnt.,reg. or cp.
5s, reg., 1S82-1832
5s, new, reg. ,1892-1902 118* 119
105
130
21*
25
do
pref
do
new pref
Delaware & Bound Brook....
East Pennsylvania
Elmira &
53-%
52 ‘-4
'
Williamsport
do
Har. P. Mt.
do
pref..
Joy & Lancaster.
do
13*
27*
62*
52*
pref.
Lehigh Valley
Little Schuylkill....
Norristown
Norfolk & Western, pref
do
do
com....
North Pennsylvania
West Jersey
West Jersey*
.
63
53
78
32
47* 47%
Morris
do
pref
12*
pref...
13*
RAILROAD BONDS.
do
2dm. 6s.’85..
do
Sd m. 68, ’37..
Camden a Amboy 6b,coup,’S3
do
6s, coup., ’89
do
mort. 6s. ’89
Cam. ft Atl. 1st m. 7s. g.. 1393
2d m. cur. 7s,! 379..
do
Cam. ft Burlington Co. 6s,’9Q.
Catawlssa 1st. 7s. copy.. ’*2.
la default,
$
105
104
106
114*
share.
126
99
105
90
109
108
120
6b,exempt,’93,M.&S.
68, 1900, Q -J
125*
68.1902, J.ft J..
125
5s, 19i6, new....
126
127
Norfolk water, 8s
do
do
do
do
Par.
213
Balt.ft Ohio....
100 210
123
1st pref
do
do
2d pref
do
Wash. Branch. 100
18
do
Parkersb’g Br. .50
Northern Central
50
17*
Western Maryland
50
48
Central Ohio
50 47
PlttsDurg ft Connellsvllle..50i
BAILBOAD
. -
121
123*
ao
RAILROAD STOCKS.
190
«
Maryland 6b, defense, J.ft J..
29*
8“
CAN AD STOCKS.
do
88
29%
Chesapeake & Delaware
•
CANAL BONDS.
109
110
Chesap. ft Dela. 1st 6s, rg.,’86
Delaware Division 6s, cp.,’78.
it)6*
Lehigh Navlga. m.,6s, reg.,’81 117
do
mort. RR., rg .’97
Scbuylk. Nav.l8t m.6s,rg.,’97.
do
2d m. 68, reg., 1907
14*
27%
BALTIMORE.
Atlantic
Delaware Division.
Lehigh N avlgation.
6s P.B.,’96.
66%
59
ytlnehlll
Philadelphia & Erie....
Pnlladelphla & Reading.
Philadelphia* Trenton
Phlla.Wilmlng. & Baltimore.
St. Paul & Duluth R.R. Com
do
do
pref.
United N. J. Companies
West Chester consol, pref....
do
6s, exempt, 1887. ...
do
6s, 1890, quarterly..
do
5s, quarterly
Baltimore 6s, 1S34, quarterly.
69%
do
6s, 1886, J.« J
do
6s, 1890, quarterly...
59*
do
6b, park, 1890, Q.—M
do
6b, 1893, M. ft S
Nesquehonlng Valley
125
7s,’99
6s, 1909
Pennsylvania 6s, coup., 1910..
Huntingdon* Broad Top...
do
cons.
do m. conv. g., r*-g.,»
do mort. gold, ’97—
do cons. m.7s, rg.,191!
Morris, boat loan, reg., IS85..
...
Allegheny Val..7 3-108,1896... 125
do
7s, E. ext., 1910
do
Inc.7b, end., ’94 57
Belvldere Dela. 1st m.,6s,1902. 118
•
nil
lstm.
W.Jersey* Ati.lstm Ss, cp.
Western Penn. RR. 6s,cp.’93.
30
Cutawlssa
105
109
do
Rio Grande D:v..
do
cons. m.,6s,g.,1905
Inc.ft 1. gr.,Ts 1915
do
104
Union* Titusv. 1st m. 7s, ’90.
United N. J. cons. m. 6s,’94..
Warren ft F. 1st m.7s, ’96
West Chester conB. 7s, ’91
2J%
29
pref
do
100
44
Sunbury ft Erie 1st m.7s, ’97..
Syra.Gen.ft CornV.Ut,76,1905
Texas ft Pac. 1st m ,6b, g.,1905 109* 110%
do
do
25
Allegheny Valley..
Buffalo Pitts. & Western—
do
pref.
Camden ft Atlantic
120
West Jersey 6s, deb,, coup.,’8.:
do
1st m. 6s, op.,’96".
do 4b, various
RAILROAD STOCKS.t
ao
7s, R. C., 1893*
7s, coup, off, *93
Phll.ft R.Coalft lr’n deb.7s.92*
62*
deb. 7s. cps.off 01
do
do mort., 7s, 1892-3
Phlla. Wllm. ft Balt. 6s. ’84....
Pltts.Cln.&St. L. 7s, cou.,1900 124*'
do
do
7s, reg., 19''(‘
i»5
pref
68,10-15, reg.,li77-’82.
68,15-25, reg., 1882-’92.
4b, reg., 1894-1904
Philadelphia,5s reg. do 6s,n.,rg.,priorto’95
m..78,cp., 1911 129* 130*
do
*53
PHILADELPHIA.
Penna.
do
do
do
do
do
cons.
do conv.
iS4
no
.
do
89
Ogdensb. & L. Champlain ...
do
pref..
Old Colony
Portland Saco ft Portsmouth
119
do
do
ieg.,191! 130 131
do con9.m.6s,g.lKCl911 118
do lmp.m.,6s,g„ C. 1897 116
do gen.m. 6j, g.. C.U03 94*
do In. m.,7s,coup.,!696. 83
do deb. coup , 1393*
54
co
do
cmp. off, 1893.
65
70
do scrip, 1882
132*
...
Susquehanna
lf #
cp.,*38
Phlla. ft Erie 2d m. 7s,
do
cons. mort. 6s. 920
po
do
5s,’.920
Phlla. Newt’n ft N.Y., 1st m
Phll.ft R. lstm. 6s,ex. due 1910
do
do
1910 121
do
2d m., 7s, cp.,98. 121
85
Conn. & PasBumpBlc
,
Eastern (Mass.)
Eastern (New Hampshire)...
ii5
f
....
174
....
do
115
Pa.&N.Y.C.ft RR.78,1896
do
1906
Pennsylv.,gen. m. 6s, cp.. 1910
128
do
gen. m. 6s, rg., 1910. 125
cons. m. 6s, rg., 1905.
do
do
cons.m. 6s, cp., 1905.
o
do
5i...
108%
Penn. Co., 6a. reg
STOCKS.
& Topeka
do
2d mort. 6s, 1900
126
do 24 m. 7s, reg., 1910.. 137
do
con. m.,6s,rg.,1923
do
do
6s,(p.,1923
Little Schuylkill, 1st m. 7s,’S2
N. O. Pac., lit in., 6s, 1920.,
North. Penn. l6t m. 6s, ep.,’85. 109* 109*
do
2d m. 7b, cp., ’96.
do gen. m. 7s, cp., 1903.
do gen. m. 7s, reg., 190*3
do new loan ts, reg... 100
Oil Creek 1st m. 7s, coup.,’82. 101*
101
Plttsb. Titusv. ft B., 7s, cp.,’96
do
Scrip
110
123
Old Colony, 6b
120
Pueblo & Ark. Valley, 7b
102
Rutland 68,1st mort
Vermont ft Mass. KR.,6s
Vermont & Canada, new 3s..
do
03
Lehigh Valley, l8t,6s,cp., 1898
do
do reg., 1893...
118*, H9*
103
Ogdensburg & Lake Ch.6s . 102
68
do
Inc. 65
Old Colony,7b..
....
Fitchburg
Flint ft Pere Marq
123
,
no
150,000 A.* O.
102*
108
1,000 1.050,000 M.&N.
500&C
200,000 M.& S.
!
100
750,000 M.&N.
1st mortgage
115
500,000 ■J. & J.
1,000
Third Avenue—Stock
!
100 2,000,000 Q-F.
1st mortgage
112
J.&J.
1,000 -',000,000
Twenty-third Street—Stock. 7
155
100
Feb.,’91 145
600,000 F. &A. 4
rat mortgage.
112
1,000
May, ’93 105
250,000 M.&N. 7
*
This coiumn shows last dividend on stocks, but the date of maturity of bonds.
Consol, convertible
Extension
SiAth Avenue—Stock
Harrisburg 1st mor*.6s, ’83...
H. ft B. T. 1st m. 7b, gold, ’90.
do
lstm. 7b, fd. g.’89 121
do
2d m. 7s, gold, ’95. 112
do
2d m. f t.ecrlp g.,?8
do
cons. m. 7s, 1895...
do
do
58, 1395... 92
Ithaca* Athenslst g d, 7s.,’90
Junction 1st mort. 6s, *82.
82
...
Atchison
Boston &
Boston &
Boston &
Boston &
121
..
L14
Pennsylvania
Schuylkill Navigation
no
no
.
East Penn. 1st mort. 7s. ’88
E1.& W’msport, lBt m., 7b, *80. 117
100
do
58, perp
do
8b
Boston & Lowell 7s
do
6s
127
ooston & Providence 7s
119
Burl. & Mo., land grant 7s...
i 18
do
Nebr.68
.Ex 116
do
Nebr. 6s
105* 105%
100
Chicago Burl. & Quincy 4s...
Pennsylvania
*
100
m.,10a, *88
do
127
new 7s 1900
123% 124 *
119
land grant 7b 122>* 123
Connecting 6b, 1900-1904
Chartlers
land Inc. 8s.
Val., 1st m.7a.C.,1901
Delaware mort.. 6s, varlo us..
7s
127*
Del. ft Bound Br., 1st. 7s, 1905
Albany 7s
127*j 128
8TATB AND CITY BONDS.
Gas and City Railroad Stocks and Bonds.
[Gas Quotations Dy ueorge H. Prentiss, Broker, 17 Wall Street. J
Bid. Atk.
8BOURITIBS.
Atcb. & Topeka
do
do
Boston & Maine
Joeton &
America*
Am. Exchange...
Broadway....
Price.
Par.
National.
not
Street.]
Price.
Companies-
Bid
8B0UBIT1B8.
[Quotations by E. S. Bailey, Broker,
It.
Bank Stock List.
BONDS.
Balt, ft Ohio 6s, 1885,A.&O. .. 109
N. W. Va. 8d m.,guar.,’85,J&J
Plttsb.ft ConuelTsv.7s,’98,JftJ 126
Northern Central 6s,’85, JftJ
do
6s. I960, A.&O.
do 6b, gld, 1900, J.ft J.
Cen. Ohio 6b. lBtna.,’90,M.& S.
W. Md. 68,1st m., gr.,’90,J.ft J.
do
1st m., 1890, J. ft J —
do 2dm.,guar., J.ft J—
do
2d mMpref
do 2d m.j?r. by W.Co.JftJ
do 68.3d in., guar.. J.ft J.
Mar. ft Cln. 7s, ’92, F. As A....
do
2d, M. ft N
do
3s,3d, J.ft J
ii‘7%
109%
•
• • •
i20
asg
ioo* iii*
•
•
•
i
94%
58%
Union RR. 1st, guar., J. ft J..
Pamon endorsed. 120
do
a*
«•••
THE CHRONICLE
574
[Vol.
xxxn
A
Railroad Earnings.—The latest railroad earnings and the
totals from Jan. 1 to latest dates are Riven below. The state
ment includes the gross earnings of all railroads from which
returns can be obtained.
The columns under the heading
New York City Banks.—The
following statement shows the
condition of the Associated Banks of New York City for the
week ending at the commencement of business on May 21
1881:
“Jan. 1 to latest date” furnish the gross
earnings from Jan. 1
to, and including, the period mentioned in the second column:
,—Latest earnings
WeckorMo.
Ala.Gt. Southern. April
Atl. Miss. & Ohio. April
1881.
1881.
1880.
Bost.&N.Y.Air-L.Miirch
23,000
Bur.C.Rap.<teNo..2d wk May
30,099
Cairo & St. Louis.2d wk May
0,717
Central Pacilic... April
1,874,000
Ches. &Ohio
April
227,313
120,256
$45,344
143.100
23,923
30.02S
7,380
1,350,710
221.560
$240,580
087,200
63,321
098,209
151,743
0,574,125
741,443
120,183
5,001.255
802,753
845,338
38.418
St.Pauhfc S.City.2d wk May
Chic. & W. Mich. .3d wk Apr.
Cin. Ind.St. L.&C.April
Cin. & Spring*- ..2d wk May
Clev. Col.Cin. <fc 1.2d wk May
Clev. Mt.V. &JDel.2d wk May
Denver & Rio Gr.odwk May
33,913
71,257
7,500
122.130
41,970
1,805.929
DesM.&Ft.Dodge.2d wk May
4,054
6,368
108,527
21,951
175,484
18.131
$199,801
637,343
05,171
2,279,451
Chic.St.P.Min&0.2<1 wk May
Chic. Burl.& Q...March
1,418,149
Chic. & East, Ill..2d wk May
22,970
Cliic.& G.Trk. Wk.eud.May 14
24,907
Chic. Mil. & St. P.3d wk May 304,000
Chic. & Northw..April
1,454,301
2.473,817
3,700,918 4.577,128
549,904
384.138
502,129
393.323
4,848,000 4,014.421
4,837,029 4,942,013
080,915
515,943
302,110
477.097
275,272
239,847
092,935
694,657
341,622
313,132
1,408.996 1,382.042
147,724
150,983
107,207
106,431
265,226
18,098
18,478
328,521
712,191
93,434
266,547
357,048
Eastern
February.. 192,105
East Tenn.V.&G.3d wk May*
29,757
Flint &PereMar.2d wk May
37,6i2
Gal.Har.&San A.lstwk Apr
19,437
Grand Trunk. Wk.end.Apr.30 215,290
Gr’t Western.Wk.end.May 13
95,158
Hannibal&St. Jo.2d wk May
40,243
Houst. & Texas C.3d wk May
51,189
175,345
390,748
377,659
703,477
500,571
481,708
25,725
782,718
25,941 • 057,719
17,517
181,138 3,473,119
87,213 1,930,773
44,500
709,947
42,170 1,440,720
412.030 1.817,913
3,257,331
1,732.591
854,841
1,215,552
1,826,822
150,355
123,702
443,868
530,357
20.990
19,100
426,349
418,072
41,220
42.190
31,917
20.219
140,871
924,963
110,209
89,819
326,994
21.575
182,400
18,925
145,400
14,070
2.990
6,070
38,004
140,091
155.466
2.854,835
1,044,958
449,834
3,965,083
476,143
85,043
4,716,463
7,765,079
4,193,557
179.689
788,251
677,673
384,980
811,033
797,345
386,130
1,708,991
1,406,809
Dubuque&S.City.2d wk May
IllinoisCen. (Ill.).April
Do
(Iowa).April
Indiana Bl. &W..2d wk May
Ind. Dec. & Sp... April
Int. & Gt. North..3d wk May
K. C. Ft. 8.A Gulf.March
Lake Erie& West.3d wk May
Louisv. & Nashv.3d wk May
Memp. & Chari...3d wk May
Meinp. Pad. &No.2d wk May
Mil.L. Sh.& West.3d wk
May
Minn. &St. Louis. April
16,000
4,757
11.127
75,082
162,027
183.525
2,608,250
Mobile & Ohio....April
Nashv.Ch.&St.L. April
N. Y. Cent. & Hud March
N.Y. L. Erie & W.March
1,847,201
N.Y. &N. Engl’d.April
212,869
N. Y. Pa. & Ohio..February..
389,125
Northern Central. April
487,272
Northern Pacific. 3d wk May
80,447
591,177
279,092
314,639
2,856,560
425,230
46,930
Tradesmen’s
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’!
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
300,000
1,000,000
1,000,000
300,000
200,000
200,000
600,000
300,000
800,000
5,000,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000
Broadway
Mercantile
Pacific
.
Republic
Chatham
North America..
Hanover
....
Citizens’
Nassau;
Market
St. Nicholas
Shoe & Leather..
500,000]
Corn Exchange..
1,000,000
1,000,000
Continental
Oriental
Marine
400,000
1,500,000
2,000,000
500,000
Importers’ & Tr..
Park
Mech. Bkg. Ass’n
North River
Germ’n Americ’n
Chase National..
300,000
750,000
500,000
1,000,000
300,000
250,000
200,000
750,000
300,000
Fifth Avenue....
German Exch.
100,000
20;),000
Germania
200,000
Bowery National
N. York County..
..
Total
Coin.
May 21...
“
“
'*
“
“
44
23...
24...
25...
2G...
27...
Total
870,421 97
*966,313 54
1,480,633 59
998,424 79
1,233,701 07
1,364,821 80
935,777 59
868,613 99
1,309,719 66
730,880 03
9,397,046 22
6,732,226 78
Currency.
$
67,752,312
69,170,091
69,666,788
60,833.585
70,024,480
70,613,791
$4 83
3)$4 86
Napoleons
3 82
@ 3 86
XX Reiehmarks.
X Guilders
4 72
3 92
@4 76
@ 3 93
Span'll Doubloons. 15 55
'315 75
Mex. Doubloons.. 15 50 -a 15 60
Fin© silver bars
1 12^3 1 1234
19
81
43
92
94
94
6,703,159 73
6,666,173 04
6,399.259 43
6,393,890 20
..
Fine gold bars
dimes.
Dimes &
—■
par
99
prern.
par
—The $1,000,000 Nashville
—
Do uncommerc’l.
—
....
Prus. 8ilv. thalers.
U. S. trade dollars
U. 3. silver dollars
—
—
993t@
93
89
86
4 72
—
—
—
68
par.
@ — 95
3 — 90
@ — 89
@4 80
@
99*4
99 x®
—
69
—
99^8
par.
Chattanooga & St. Louis Railroad
Company second mortgage bonds, bids for which
at the Louisville & Nashville RR.
Porter,
were awarded to
par.
This shows the
were
Messrs. A. Iselin & Co. at a fraction
over
great improvement in the credit of
the company under the present management.
—Mr. Chas. T. Wing gives notice in our advertising columns
of some select securities as a June investment, to which parties
desiring a good paying bond or stock are invited to give at¬
tention.
Legal tenders
582.H00
6.147.300
1.436.600
1.558.100
1.374.800
2,529,90
4.222.900
1.818.400
1.301.500
1.167.400
2.672.200
.
45,000
5,400
793,400
439.100
2,250,000
2.582.700
401.100
1,615.HOC
3.995,000
2.484.700
7.885.700
1.914.400
4,133X00
280.000
556.600
933.400
480X00
94.600
331.000
314.300
78.100
218,70t
29.800
360,000
1,125,000
2,766X00
8.135.700
2.672.100
13.712,000
2.253.900
2.704.900
265.100
3,900
449,500
450,000
4.600
•
780,300
45.000
2^.926,700
1,105,200
23.017.90C
838,800
971.200
45,000
754.000
221,100
810,000
1,183,000
19.508.900
8,833.000
3.546.000
5.814.100
17.991.800
0,817.900
1.135,000
1.391.300
1.595.700
2.501.400
4 448.50(
1,929 000
91,900
163,30
1.422.300
1.349.600
84.700
2.381.400
Net deposits....
3X30,800 I Circulatior
738.0OC i
Inc.
Inc.
The following are the totals of the New York
House Banks’ returns for a series of weeks past:
1880
Dec.
"
Loans.
$
i8....293,372,600
24....292.417,900
Specie.
L. Tenders.
$
Deposits.
#
#
55X77,800
51,086,000
13.318,400
13,3)0,900
“
31 ...297,756,700 58,047,900
1881.
Jan. 8....304,080,200 61,948,900
15
302,804,390 65,102,500
“
22 ...307,839,600 86,484,100
“
45,000
592,400
450,000
269.800
223.200
180,000
01,810
433.700
29....310,682,200
5....316,092,900
20....316.534,400
Mar. 5....298.465,400
12....296,252.900
“
19....300,177,300
“
26....300X22,000
April 2 ...300,288,100
57X11,000
12,710,500
12....317,139,100
19....320,807,300
“
“
“
“
Mav
“
“
9
305.214,400 60,429,000
16....306,383.400 64X19.300
23....305,717,600 60,804,200
30....304,435,200 09,289,-400
7....310X50,000 73,346,500
14....317,730,900
21....324,192,800
70,887,700
80,518.500
298,931,900
302,512,300
3)7,097,200
307,924 00
307.718,100
296,517,300
274,442.600
12,406.600 271,60^,800
1-4,241,200 277,931,600
12,934.500 275.586.500
,
215,495,400
12,472.700
13,428,000
14,418,200
282,788,500
288,821,100
292X53.000
15,784.700 294.536,300
16,024,600 305,033,000
17,134,100 310,818,400
17,873.000 326,011,700
Bostoii Banks.—The following are
banks for a series of weeks past :
1881.
Feb. 21..
28..
Mar. 7..
14..
“
21..
it
28..
••
Apr.
4
.
11..
18..
25..
May 2..
9..
it
10..
it
23..
*»
it
*
L. Tenders.
$
Speck.
*
152.499,800
7,267,700
150,723,800
6,907,900
149.351,400
140,629,900
145,529,000
140,114,000
141,55J .200
140,289,900
146,129,200
146,037,100
147,667,400
149.074.900
150,336,500
150,124.100
6.171.000
5,535,400
5,700,100
$
5.842,300
5,846,200
5,607,100
6,034,800
6,592,000
6,643,200
6,744,400
6,843,100
6,678,700
City Clearing
S
13,817,400 285,787,700
15,636,100 292,376,800
17,237,000
15,9.(7,500
15,540,000
14.887.200
15,048,000
13,289,200
“
538,400
It
18,474,400 074,074.998
18,431,400 804,522,749
18,408,200 817,931,113
207,068,0)0
272,406,900
10,395,600
$9,793.3o£
Circulation. Agg. Clear•
207,629,900
12,796,000
66,264,100
67.603,700
67,800,600
65,849,600
58.074.200
54,894,100
55,808,000
59.552X00
57,668,900
Feb.
18,420,200 1179,878,
18,425,000 1179,899.303
18,345,5001224,948,182
18,330,700 955,459,473
18,363,300 1042,395,915
18,352,300 947,812,074
18,250,500 1105,402,825
16,181,600 1143,978,545
15,448.500 1241.050,579
15,460.100 1020,907.905
15,771,100 812,503,081
10,630.500 774X84.705
10,713.500 950,446.299
10.709,000 815,034,482
10,880,400 724,119,359
17.217.400
18,600,100
18,664.200
IX,506,900
078.263,386
870,862.835
1144.476.780
1078.352.065
19.185.300 1212.647.632
the totals of the Boston
Deposits.* Circulation. Agg. Clear.
$
2,549,400
2,496,300
2.467,400
2.470,700
2,532,300
2,793,700
2,670.000
2,4^8,800
2,434,400
2,769,100
3.027,700
3,117.300
3.059,100
97,219,100
93.092,400
87,803,400
85,772,500
85,066,900
85,408,100
85,828,900
86,959,800
8)1,689,300
90,124,300
91,451.900
95.954,900
96,911.700
2,938,200
98,513,000
$
30,785.700
30.210.200
29,813,000
20,831,900
29,875,900
29,975,500
30,135,800
30,282,700
30,464,400
30,624,500
30,622.000
30,790,600
30,939,900
30,997,100
$
85,147.523
71,980,480
83,849,374
70.117,775
69X34.123
68,840.822
69,096,237
70.463,791
79.105,341
77,562,234
80,149,257
95,227,624
85.405.247
92,454.596
Including the item “ due to other banks.”
Philadelphia Banks.—The totals of the Philadelphia banks
are as
follows:
Loans.
*
1881.
Feb. 21...
28
Mar. 7
1*
75.355,219
73,791,943
71,0:) 1,651
••
"
L. Tenders.
$
20,490,981
18,183,122
16,675,124 '
17.174,491
Deposits.
Circulation.
$
*
67,384,557
12X99,711
10,334 630
65,642.808
61.149,924
01.752.081
6! .006.170
9X70,776
9X51.033
9.096.285
0
70,663,787
70,563,874
10.176.265
70,260,005
71,181,796
72,305.791
73,485,827
74.253,494
75,109,008
**
18.906,813
67.059,350
67,341,923
68.375.085
6?,027,309
16
74.801.515
10.454,146
68,000.105
10.334.185
“
23...
74,542,679
21,210,584
70,497,536
10,219.090
“
Apr.
“
“
“
—Messrs. Kuhn, Loeb & Co.
announce the closing of subscrip¬
tions to the St. Paul bonds, the amount subscribed, both here
and in Europe, being largely in eicess of the $5,000,000 offered,
4
978.600
1.328.000
Inc.
Inc.
opened
Company’s offices by James D.
3.653.700
1,620,090
Inc. $6,461,000 |
“
7,263,626 37
6.655,000 35
108.100
97,000
261.800
390.1U0
158.000
31.7.900
870.600
17.300
144.60C
101.000
Loans and discounts
Loans.
Silver J4S and Ljs.
Five francs
Mexican dollars..
English silver
272.900
122.900
187.100
09.900
300.000
Specie
$
Coins.—The following are quotations in gold for various coins:
Sovereigns
2.930.700
2.056.800
3.636.000
3.998.300
6.746.400
569.000
900.000
The deviations from returns of previous week are as follows:
“
$
$
1,543,497 83
2,775,967 14
363.100
249.400
1.124,400
60.875,200 321,192,8k. 180,518,500 17.873,00c 326,611,700 19,133,300
“
Payments.
1.998.900
2.854.500
3.423.900
1.820X00
178.000
1.083,200
4.190,80?
1.445.700
207.200
34.000
45.400
54",400
650.500
455,100
22,600
00,800
499,800
35.900
4,088,400
12.274.000
11.635.800
4.413.600
5.280.700
2.422.100
3.469.900
427,000
“
Balances.
2.963.800
951.900
492.700
5.672.800
15.175,500
U, S; Nat
1,076.000
993.200
4,435,000
987.100
!9.9 78.500
7.849.000
2,975X00
401.700
195.700
241.700
174.000
2,700
471,900
2.811,500
1.625.000
2.851,000
14,624.000
853.600
787,600
3.732.200
663.400
268,000
1.023,400
3,200,000
2,000,000
950.300
154.700
66,200
169,000
181,600
164.600
51.700
137.500
675,000
673.900
201,800
85.100
286.500
213.900
177.300
144.300
1.347.200
18.660.200
240,000
250,000
East River......
1.993.000
1.403.100
14.227.500
8.265.800
20.457,700
1.100
267,000
ll,101,70<
136,200
21,100
832,000
5.457.700
5.548,000
217.300
21.600
300,000
6,372,000
4.475.800
7.855.800
3,772.00-
246.700
2,187,900
*
495,000
9,044.GOO
7.578.200
24.000
187.000
130.300
306.500
767,000
178.200
tion.
9.708.000
1.366.500
2,708.10G
2.009,000
3.555.000
300.000
Third National..
N. Y. Nat. Exch..
U. S. Sub-Treasury.—The following table shows the receipts
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week:
Receipts.
=
500,000
Circnla~
*
226,000
426.500
714.100
325,000
417.900
4K',400
381.200
694.300
735.700
346.400
374,000
3.135.100
700,000
1,000,000
500,000
3,000.000
600,000
1,000,000
500,000
Irving
702,603
721,711
years.
r~
1,301.300
5.159.400
2.446.500
5.606.500
450,000
412,500
People’s
831,415
700,244
7,366,420
600,000
Commerce
177,698
63,426
Including Selma Rome <fc Dalton in both
City
236,081
73,830
Tenders.
0.962.001) | 2.366,000
7.010.71)0' 3.671.500
7.602.200 2,188, <">00
7,170.000 1,707,000
4.510.000 1,336.309
9.003.000 2,748,600
915,000
3,853.000
10,020.400 2,9 03,300
3.127.600
437.700
340.200
1.804.700
13.428.200 4.169.200
772,800'
3,953,000
4,488 600
697,800!
383.400'
1.703.200
131,000
1,035,000
24.000
1,004,800
563.600
3.530.300
973.900
197.700
888.300
4,021.200
12.513.000 4.749.000
12.986,300 6.365.500
890.100
5.679.100
2,000.000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
Manhattan Co...
Merchants
Mechanics’.
Union
America
Phoenix
Fourth National.
Central Nat
Second Nation’l.
Ninth National..
First National..
..
*
X6W York
Net dept's
other
than U. S.
Legal
Specie..
*
Metropolitan
49.138
760,290
611.496
Oreg’nR. Nav.Co. April
373,800 334.425
975.652
863,983
Pad. & Elizabetht. 1st wk May
9,175
6,026
129,837
178,729
Pennsylvania
April
3,760,372 3,488.360 13,889.505 12,794,079
Peoria Dec. & Ev.2d wk May
13,054
6,964
200,959
112,551
Philadel. & Erie..March
285,573
327,678
735,377
797,357
Phlla. & Reading. April
1,484,804 1,490.330
St.L. Alt.&T.H. ..3dwk May
24,404
19,965
562.932
487,755
Do
(brchs).2d wk May
11,010
13,236
270,414
237,524
St.L. IronMt.A 8.2d wk May 121.900
91,133 2,602,950 2,096,008
St.L. <fe San Fran.3d wk May
42,209 1,106,345
72,613
886,385
St.P.Minn.&Man.3d wk May
94,200
74,800 1,419,775 1,103,700
Scioto Valley
3d wk May
6,168
6,003
106,527
117,794
South Carolina.
March
130,841
94,594
366,796
332,818
Texas & Pacific ..2d wk May
34.574 1,240,208
60.883
921,793
Union Pacilic.... March
1.657,5701,735,509
Wab. St.L.<fc Pac. 2d wk May 234,976
231,729 4,231,336 4,602,211
Wisconsin Cent...3 wks Mar.
Loans and
discounts.
1880.
151,803
1,732.518
26,960
21,820
265,532
1,294,573
20.722
20,850
14,761
108,199
10,299
09,072
7,309
Det. Lana. & No..March
Capital.
reported—> <-Jan. 1 to latest date.—.
$58,293
173,000
Chicago & Alton .2d wk May
Average amount of
Banks.
May
“
23
4
11
18
25
2
...
17.638X07
17,330,152
17,573,378
18.665.372
18.914,606
01.171,413
62.450.355
63.771.480
19,284.068
19,006,525
.
10,006,106
10.105,592
10.145,128
10,134,981
10,123,556
10.264.806
10,473,543
Agg. Clear.
51,259.010
51.724.860
59X04.479
48.030.20l
47.505.115
45.239,300
53.340,45fl
48.057.337
44 097.12A
5 4,800,672
46.155.04jj
50.075.47k
51.582.022
50,l65,83'g
May 28,
THE
1881.]
CHRONICLE.
575
and the obligations of each to the other have been com¬
plied with in every particular, with advantage to the companies
concerned, and also to our patrons, the public.
AND
The managers of your property for several years pavSt have
been strongly of the opinion that the China line was not a
STATE, Cm AND CORPORATION FINANCES.
source of strength, but that the money invested in that service
would be more remunerative if employed to develope the trade
The Investors’ Supplement contains a complete exhibit of the of the Pacific coast from San Francisco to Valparaiso. Nego¬
Funded Debt of States and Cities and of the Stocks and Bonds tiations have been pending for several years for the transfer of
It is published on the last the two China ships to the Union and Central Pacific railroad
of Railroads and other Companies.
Saturday of every other month—viz., February, April, June,* companies, but up to this time we have not been able to agree
Auqust-, October and December, and is furnished without extra upon the terms.
charge to all regular subscribers of the Chronicle. Single copies
During the year the Supreme Court of the United States
are sold at $2 per copy.
rendered a decision awarding $291,666 to the company for mail
service to China, under the contract of August 23, 1873, which
INDEX SINCE APRIL SUPPLEMENT.
was so summarily and unjustly terminated by Congress, Feb¬
ruary 22, 1875.”
The following is an index to all reports and Items heretofore pub¬
The gross earnings, expenses and net earnings the past fiscal
lished in the Investment Department of the Chronicle since the last
year compared as follows with 1879-80:
issue of the Investors’ Supplement; auuual reports are indexed in
year,
lutfjestweuts
“
“
EARNINGS.
black-faced type:
499
525
Great Southern
Allegheny Valley. Alliance & Lake Eric
Alabama
Lake Shore & Mich. So. ..478, 497
Little Miami
498
467
Little Rock & Fort Smith
5ol
Long Island RR
Boston Hoosac Tunnel & W... 500 Louisiana State
Boston Water Power Co..
499 Louisv. New Albany & Chic...
Brooklyn Elevated
...468, ool
Brooklyn & Montauk.......... o2G OTacon & Brunswick
468,
Brunswick & Albany
551 Manhattan Elevated
Marietta & Cincinnati
551 Marq. Houghton & Ontonagon
Cairo & St. Louis...-.
Cairo & Vincennes
500 Memphis & Charleston... 520,
Central Iowa
500
451, 408
Central of New Jersey
Charlotte Columbia & Augusta. 467
Chartiers Railway
498
& Salisbury
Chesapeake & Ohio
Cheraw
500
.-
544
Chic. Burl. & Quincy......541, 544
Chic. & Eastern Illinois
500
Chic. Mil. & St. P
450, 466
.
Chicago Pekin & Southw.
Chic. R. I. & Pac
Chic. St. P. M. & Omaha..500,
520
551
552
Cincinnati City Bonds
520
Cin. Hain. & Dayton
520, 552
Cin. Ind. St. L. & Chic
552
Cin. & Muskingum Valley
498
Richmond & Fort Wayne. 499
Cincinnati Southern
500, 552
Cin. Wabash & Michigan
525
Clev. Col. Cin. & Ind
520, 552
Columbus Chic. & Ind. Cent...498
Cin.
Dayton & Southeastern —... 520
Delaware & Hudson Canal.... 520
Delaware State Loan.
500
500, 550
Denver & Rio Grande
....
EaatTenn. Va. & Ga.
Elizaoethtown Lex. & Big
Eransv. & Terre Haute
552
S.iu. 541
500
520
Freight Rates
Galv. H. & Henri—
,..
500
GeorgiaRR. & Bank’g Cc.520,551
Grand Trunk (Canada)
Great Western (Canada)
467
467
Houston & Texas Cent
488
Indianap. Decatur & Spring!.. 500
Indiana Bloom. & West
468
International & Great No.469, 520
520
468
526
552
552
520
552
552
Metropolitan Elevated....408, 552
497, 511
Michigan Central...
Midland of New Jersey
Atlantic Line
Panama Line
Victoria Line
Trans-Pacific Line
Australian Line
Austral’u & N. Zeal’d subsidies.
Cent. Am. & Mexican subsidies.
British Columbia subsidy
Hawaiian Government subsidy.
Interest and dive, on iuvestm’ts
Miscellaneous’
Total
Minneapolis & St. Louis
IVasliv. Chat. & St. L:
New Castle & Franklin
New Orleans Pacific
N. Y. City & Northern
N. Y. & Brooklyn Elevated
N. Y. Chic. & St. Louis
New York Elevated
408,
N. Y. Lake Erie & West...
Northern Pacific
Norfolk & Western
501,
North River
553
500
469
500
527
553
552
553
553
527
Panama Railroad
469
.
501
Petersburg RR
Atlantic Line
Panama Liue
Victoria Line
Trans-Pacific Line
Australian Line
Philadelphia & Reading.. .469,
488, 527, 539
Dec.
4.050
Inc.
10,869
1,447
$3,969,882
$4,402,647
Inc.
$132,765
307,073
203.550
99,416
4,222
176,411
118,366
38,OCO
6,500
12,46 4
1879-80.
1880-81.
$474,598
1,127,800
$456,416
1,126,258
82,588
538,288
340,441
358,867
273,591
568,570
376,669
333,853
Extra
repairs
ships laid to
and
Inc. or dec.
Dec. $18,182
Doc.
1,542
Dec. 191,002
Doc.
30,282
Doo.
36,228
Inc.
25,014
expenses
144,033
$3,519,821
$3,172,705
Miscellaneous
Total
32,524
30,048
133,327
201,365
Interest
93,289
450,061
earnings
The following were the proportionate
lines from freight and passengers:
Net
Passenaers.
Lines.
Atlantic
1,229,942
Inc.
Doc.
Dec.
2,476
40.038
57,332
Dec.$347,116
Inc.
779,881
earnings of the several
$128,672
Freight.
$616,671
Total.
$745,344
Pittsburg Cin. & St. Louis
498
Pittsb. Wheeling & Kentucky.498
Panama
379,030
1,571,477
Trans-Pacific
Australian
593,320
Richmond & Danville....469, 488
Richmond & Newcastle
553
Rochester & Pittsburg
544
Victoria.
380,151
197,084
31,657
109,989
49,229
1,950,507
973,472
307,073
80,887
Total
$1,110,596
$2,940,688
$4,057,285
St. Louis Alton & Terre Haute.467
St. Louis Iron Mt. & So
520
St. Joseph & Western
527
St. Paul & Duluth
469
Shenandoah Valley
469
544
South Carolina RR
Texas & Pacific
Texas & St. Louis
469, 526
Wab. St. L. & Pac
Western Union Tel
454
527, 544
544
Following is a statement of the financial condition of the
April 30, 1880 and 1881:
company on
CONSTRUCTION ACCOUNT.
REPORTS.
-
April 30, 1880. April 30,1881.
$10,729,762
$10,288,386
1,077,912
1,103,421
Cost of steamers
Real estate and improvements
Coal supplies, <fcc
513,689
9,664,407
479,807
928,456
8,545,660
$22,110,711
$21,761,598
20,000,009
20,000,000
424,522
Sundry assets
Profit and loss
Total
ANNUAL
-
321,215
Agencies
409, 501
Pennsylvania RR
18.225
$745,344
1,950.507
80,887
973,472
EXPENSES.
527
Oregon & California
527
Oreg. Railway & Nav. Co.501, 553
29,094
2,605
1880-81.
$600,915
1,531,677
201,978
930,65V
Exchange
552
500
Mo. Kan. & Texas
469. 526, 552
Missouri Paciflc.469, 488. 526, 553
3,000
12,897
Inc. or dec.
Inc. $144,429
Iuc. 418,830
Doc. 121,089
luo.
42,815
Dec.
14,142
27.139
Inc.
Doc.
18.950
Deo.
33,778
Doc.
3,500
433
Inc.
1879-80.
Capital stock
LIABILITIES.
Pacific Mail
Steamship Company.
(For the year ending April 30, 1881.)
At the annual meeting of stockholders held on Wednesday, the
old board of directors was re-elected, except that George A.
Hoyt retired and was succeeded by Henry Hart. The report of
the President, Mr. J. B. Houston, says that the close of the
Republics of Chili and Peru for several years
past will have a most important bearing upon the company’s
trade in the near future. The impetus that has been given to
the building of railroads and development of the mines of
Mexico increases greatly their business, and, taken together
with the steady growth and production of the Central American
States, requires a considerable increase of tonnage to take the
place of ships that have grown worthless from long use and
the loss in running, which has been met by the earnings of our
other vessels. “This want of tonnage had become so serious a mat¬
ter that although chartering one vessel at the rate of $90,000 per
annum to make
up the line between San Francisco and Panama,
we were still without a
spare ship to take the place of any one
of those engaged in our different lines should an accident have
war
between the
occurred.
At the same time the size and condition of the
Crescent City rendered it necessary that another vessel be at
provided for the service between New York and Aspinwall.
our wants at this time, the managers of the
Brazilian line have concluded to give up that service, having
been continually harassed by obstacles in the shape of taxes,
port charges, etc., and the Pacific Mail Steamship Company
have become the purchasers of their two steamships City of
Rio de Janeiro and City of Para. We should build in addition
three more steamers of about 2,000 tons each, to strengthen our
once
Fortunately for
lines
on
the Mexican and Central American Coast. We
are aware
of the intention on the
part of shippers to put steamers on this
coast unless we have vessels enough to perform the service,
which has not been the case for the last two years.
“
Our relations with the Panama and overland railroads have
been maintained upon the most friendly terms during the last
$S5,281
Bills payable
San Francisco—Unpaid bills
New York—Unpaid bills
Panama RR. Co.—Loan
39,329
77,602
400,000
1,000,000
Loan, £200,000
Balance demand note...
Traffic account
Unclaimed dividends
102,264
1,404
51,079
Coal freights
John Pirie <fc Co (coal)
Accrued interest
:
19,477
13,431
.
Agents’ balances
Due connecting steamship companies
Passage credits and orders
Panama drafts
-
57,988
76,516
30,! 90
745
4.176
3,804
8,980
—
Suspense....
220,000
"757
$22,110,711
Total
Flint & Pere
19*457
48,956
400,000
1,000,000
90,847
77,301
1,404
2,244
5,002
16,319
18,625
$21,761,598
Marquette Railroad.
(For the year ending December 31, 1880.) *
meeting of stockholders of this company, held
at East Saginaw, Mich., May 18, the following board of directors
were elected ; Jesse
Hoyt, New York ; Alfred M. Hoyt, New
York ; C. D. Wood, New York ; W. W. Crape, New Bedford ;
Loum Snow, Jr., New Bedford ; W. Hathaway, New Bedford ;
H. C. Potter, East Saginaw ; H. C. Potter, Jr., East Saginaw ; A.
Gr. Brower, Ithaca; Lewis Pierce, Portland, Me.; H. L. Webber,
East Saginaw.
The report just issued by the new company gives, as matter
of record, a brief statement of the proceedings that resulted in
the organization of the present company.
The sale in foreclosure was made on the ISth day of August,
1880. and the property was struck off to a purchasing committee,
who bought in trust for the holders of the consolidated bonds.
The certificate of organization and articles of association,
signed by the said purchasing committee and their associates,
were filed with the Secretary of State, at Lansing, on the 31st
day of August, 1880, for the purpose of organizing a corpora¬
tion under the general railroad laws of Michigan.
.
At the annual
THE
576
CHRONICLE.
[Vol. XXXII.
The capital stock of the corporation thus organized and the $300,000) and overdue coupons and Receiver’s notes, &c. The
rights of the holders thereof were named and defined by the balance of the bonds not so appropriated to be used “ for such
fourth clause of the articles of association, which stated that extensions of the road and improvements of the property, in¬
the preferred stock should be $6,500,000 and the common, cluding the construction of the Manistee Railroad, the exten¬
sion of the Saginaw & Clare County Railroad, and the purchase
$3,500,000.
of the Saginaw & Mount Pleasant Railroad, as may, in the
The holders of said preferred stock shall be entitled to receive from
the earnings of said railroad company hereby organized, dividends to judgment of the directors, be deemed expedient from time to
“
the amount of 7 per cent per annum, payable semi-annually or annually,
M may
be directed by the board of directors, provided the net income
after paying interest on prior bonds, repairs, expenses ot equipment and
renewals, shall be sufficient for that purpose, or such portions thereof as
the said net income shall amount to. In case there shall be any surplus
of net income after the payment of said dividend of 7 per cent upon the
Sreferred
stock,
same
shall and
undivided
until the
stand
ay, and so
fromthe
time
to time,
from
year to year,
untilnext
suchdividend
time as
the holders of said preferred stock shall receive five consecutive annual
dividends of 7 per cent, or semi-annual or quarterly dividends equiva¬
lent thereto. In case on any dividend day the net income as aforesaid
shall not be sufficient to pay 7 per cent annual dividend to the holders of
aaid preferred stock, such holder* of preferred stock shall have no right
to have the dividends made up out of subsequent earnings ; it beiDg the
intention that there shall be no accumulation of claims against the com¬
pany for dividends for such preferred stock.’’
secutive annual dividends of 7 per cent, or in
* * * “ When five con¬
lieu thereof semi-annual
or quarterly dividends equivalent thereto, shall have been paid upon the
preferred stock, tlieu the common stock shall be issued and delivered to
parties who may hold the certificates issued upon the surrender of the
oomiuon stock of the old Flint <fc Pere Marquette Railway Company, or
Other certificates which may be issued by this company in lieu thereof,
and if there shall be any surplus of common stock, it shall be the prop¬
erty of the company hereby organized.” * • * ‘‘Should the net income be
greater than sufficient to pay a dividend of 7 per cent upon the whole
amount of stock, both preferred and common, such surplus slit,11 be
divided ratablv among the holders of the prererred and common stock.
Should then©
come of the company, after the common stock shall
have been iss cd, be insufficient to pay the dividends hereinbefore pro¬
vided for in any single year, such deficiency shall not be made up out of
the earnings of the subsequent year or years, and this shall apply both
to preferred and common stock.”
At. the close of September, 1880, the Receiver, under the
Pursuant to a resolution of the board, dated Jan. 27,
1881, up to date of this report, March 17, 1881, $728,000 of land
grants had been surrendered for exchange into 6 per cent
time.”
bonds, and the report says that should any balance remain,
they will no doubt be drawn next August for cancellation
March 1, 1882.
It will be observed that the common stock is not included in
the balance sheets of the company’s ledger. The certificates
issued being “ provisional,” and entitling the holders to certifi¬
cates of shares of common stock, when the conditions
limiting
such issue have been complied with, it has been deemed proper
to defer introduction of common stock into the books of the
present company, until such time as these provisional certifi¬
cates can be called in and exchanged for certificates of shares.
LATH)
Land sales of 1880
follows :
erty into the hands of the present
company,
miles, of which 200 miles
Sales (luring
“
and afterwards
of steel rails.
Operations and earnings for four years past were as follows
Milee
1877.
1878.
1879.
1880.
280
280
307
317
1877.
489,579
Passenger mileage... 14,143,710
208 cts.
Kate $ j>ass. $ mile
Fr» ight (tons) moved
347,664
Freight
“ mileage 27,148,939
203 ot*.
Av. rate $1 ton $ mile
$
Earnings—
386,003
Passenger
552,838
Freight
33,843
Mail, express, &c
1878.
1879.
1880.
540,556
15,900,355
552,753
16,838,338
712,209
20.950,290
2-71 cts.
2-69 cts.
2-69 cts.
408,053
868,816
68,413,684
$
431,078
592,874
32,065
495,817
42,044,433
1-55 cts.
$
452,007
653,636
45,558
.
34,691.470
1*72 ots.
'
“
“
“
“
were
1877.
1878.
1879.
1880.
565,2S8
994,369
39,967
972,684
600,830
1,056,017
1,151,201
1,599,624
667,231
745,912
1,143,937
Net
371,854
388,786
405,289
455,687
31, 1880.
$9 ,671,958
233,438
2,000
146,425
131,147
45,450
15,508
22,791
9,458
$10,311,193
$6,304,800
Holly Wayne
Monroe RR. bonds
Bay City & East Saginaw RR. bonds
Ray County bonds
Flint *k Holly lease bonds
1,000,000
100,000
75 000
First mortgage land grant (8 per cent) bonds
’’’
Flint & Pere Marquette RR. RR. 6 per cent bonds of 1920..
Fractional certificates (account 6 per cent bonds of 1920)..
15S
359,500
162,315
14,973
31,950
14,735
...
W. L.
188,000
55,760
Receiver’s certificates of indebtedness
Vouchers audited
Railroad companies and individuals
Treasurer State of Michigan
Webber, Commissioner
16 90
$10,311,193
In addition to the change made in the funded debt of the old
company by the foreclosure of the consolidated mortgage, it
was still further reduced between Jan.
1,
1879, and Dec. 31,
Gross
earnings.
1880-81.
1879-80.
$70,844
474,534
2,132
$59,209
388,506
11,574
3,342
3,886
$564,028
$466,519
$121,328
$96,732
32,361
30,057
112,398
28,099
40,019
$313,192
$277,249
From—
Passengers
1
Freight.....
Mails
12,442
.
4,075
Express
Miscellaneous
Total
—
eamiugs
Operating expenses.
Operating road
Maintenance of road
Maintenance of equipment
General expenses
129,446
Total expenses
Net earnings from operating road
The comparative statement of receipts
for the past four years is as follows :
For the.year
For the year
For the year
For the year
ending
ending
ending
ending
March
March
March
March
Total net earnings
250,835
$189,270
and operating
expenses
Receipts.
$408,483
420,765
466,519
564,028
Expenses.
$270,607
$1,859,796
$1,117,856
$741,938
31, 1878
31, 1879
31, 1880
31, 1881
in four years
Income account 1880-81.
Net earnings from operating road
Taxes
Interest on Wilmington Railway Bridge bonds
Interest on first mortgage bonds
Balance
From which
256,806
277,249
313,192
$250,835
$10,468
13,790
54,000— 78,258
$172,577
-
-
expenditures have been made
as
follows
:
$39,398
Foreclosure expenses
Filling trestles
5,599
-.
55,687
Extraordinary repairs road
Extraordinary repairs equipment
5,898
Construction
18,724.
;
33,643
Equipment
1880, by the application of land funds in redemption, as follows:
First mortgage
laud grant 7
First mortgage laud grant 8
Flint & Holly lease bonds
per cent bonds
per cent bonds
remaining
75*500
the 1st of January, 1881, were
$3,179,000. The land assets in hands of trustees applicable to
the Flint & Holly bonds are more than sufficient to
pay all the
bonds. The maturity of the bonds is May 1, 1888. The 8 per
cent land grants have been reduced since Jan. 1
by cancellation
of those called for payment March 1, 1881, by a further call for
Sept. 1, 1881 (the trustees assuming payment of coupons from
and after March 1), and bv exchange of the new 6
per cent
•bonds of the company, to the sum of $584,000. An issue of 6
per cent bonds has been authorized by the beard of directors,
the total issue not to exceed $5,000,000, to be used for the
payment
of all the outstanding debt (except the Flint & Holly bonds of
on
Leaving surplus
293 000
$377,500
The prior bonds
$119,551
$9,000
.
91
84
70
58
COMPARATIVE BARKINGS AND EXPENSES.
300,000
1,704 000
$9,671,958
Coupon account (not due)
95,984
135,805
743,083
561,372
report includes the months of April and May, 1880, while the
road was in the hands of the Receivers, it being deemed unneces¬
sary to make separate statements for these months :
33,014
Preferred stock
11 28
13 68
19 23
(For the year ending March 31, 1881.)
The annual report has been promptly issued, and states that
the Carolina Central Railway was sold under decree of fore¬
closure on the 31st of May, 1880, and was bought in by agree¬
ment for account of the bondholders of that company. The
,
Receivership balances
$76,210 48
and land notes of $866,129.
CONDENSED GENERAL BALANCE SHEET, DEC.
Road-bed and equipment
Income account (Oct. 1 to Dec. 31, 1880)
Stock in Manistee HR
Material on band
Fuel on band
h. C. Stores, Assistant Treasurer
Uncollected earnings
Railroad companies and individuals
W. L. Webber, Trustee
A mount.
$10 11
hand Dec. 31, 1880, of unsold lands, 159,355
on
$
Total gross earnings.
Total op’ng expenses
earnings
“
“
1*45 cts.
-
Average
per Acre.
7,538 10
8,508-40
9,924-43
38,642-63
33,212 05
1876.
years as
Carolina Central.
:
OPERATIONS AND FISCAL RESULTS.
Operations—
Passengers carried...
year
“
There
acres,
tlie
were
operated
compared with sales of previous
Acres.
direction of the Court, transferred the possession of the prop¬
said Receiver made his final report to the Court, and was on
the 10th day of February, 1881, finally discharged as receiver.
The road in operation on the 31st of December, 1880, was 317
DEPARTMENT.
report of the Land Commissioner states that during the
year 1880 there were sold 33,212 acres of land, at an average price
of $16 90, amounting to $561,372. In addition thereto, sales of
timber have been made, retaining the fee, to the amount of
$22,869, and lots to the amount of $877, making the aggregate
sales $585,118.
The
'
$13,626
:
BALANCE SHEET OF CURRENT ACCOUNTS MARCH
31, 1881.
$21,786
3,251
by agents
by U. 8. P. O. Department
Supplies on hand
Wilmington Railway Bridge bonds
Due
Due
Cash
on
54,1d9
6,000
113,508
:.
hand
$198,706
Liabilities.
$42,885
28,892
March, 1881, bills unpaid
Balance due other
companies
*
236
Sundry open accounts
Balance Receivers’ aocount
profit and loss
The reorganization of
the 14th of July, 1880,
Balance
“
on
.“—
5,159—7747*
$121,532
the company took place at Weldon
when the present board of directors
Mat 38,
elected. There
was very
considerable delay in carrying oat the plan of reorganization,
2 ‘ fonnd necessary to have a special act of the Legisla¬
ture to get authority for placing mortgages on the road and
bonds. This authority was obtained by special act m
The
January which act also made the reorganization valid.
first and second mortgage bonds have been issued, and the third
mortgage bonds are now ready, and as soon as the mortgage is
recomeu they can be issued.”
* * *
.
The first mortgage is for §2,000,000 ; the second mortgage
/incomel for $1,500,000 s the third mortgage income for $1,500,SooJ and the stock for $1,500,000.
»nd officers
of the company were
.
reorganization, in whose hands the stock
years, from November, 1879, were Messrs.
«committee of
rtlnfvd for five
V. Stout and D.
shares of stock
have been issued. It will be readily seen that under any
niriMimstances the first mortgage bonds are absolutely safe as
investment, as the interest could be earned under any man¬
agement and the road would at any time sell for very much
The second and third
more than the amount of this mortgage.
mortgage bonds being in the form of income, which is subject
to the discretion of the directors, their value will depend very
greatly upon the ability and good faith of the management.
To protect these securities until the road was placed in good
condition it was thought advisable to place the stock in the
hands of the reorganization committee as above stated.” * * *
French, J. S. Whedbee, A. B. Graves, A.
R* Murchison, to whom the twelve hundred
F O
an
Charlotte Air Line has lately passed into
Richmond & Danville Company by lease.
Should the policy of this company be to cut us off from busi¬
ness on that road, it will be necessary for this company to
extend its line from Shelby in whatever direction it may deem
most advisable. To this end propositions have already been
made, which will be laid before the management at the proper
“
The Atlanta &
the hands of the
time.”
Morris & Essex.
(For the year ending Dec.
The following statements are from
State Comptroller of New Jersey.
The capital account is as follows :
Stock
Bonds
31,1880.)
the report made to the
-
■>.
.
Total.:
$22,087,319
Cost of road
Balance, sundry assets
There
was no
$15,000,000
20,123,000
$35,123,000
12,623,545
Equipment
1
change in stock or bonds in 1880,
but an increase
of $275,556 in cost of property.
The earnings were as follows:
Passengers
Freight
34,710,864
$412,135
and accounts
:
1880.
1879.
$965,836
2,645,680
$849,563
2,443,642
$3,823,652
$3,515,0S9
212,135
Other
Total
Expenses
Net earnings
Per cent of expenses
221,892
2,377,459
1,955,743
$1,446,193
62T8
$1,559,355
55*64
result
The rental being 7 per cent on the stock and bonds, the
to the Delaware Lack. & Western, the lessee, was as follows:
Net
earnings
Interest
$1,408,610
1,050,000
bonds
Dividends on stock
Loss
on
on
$1,446,193
2,458,610
$1,012,416
the lease
$900,701.
Pittsburg Fort Wayne & Chicago.
(For the year ending J)rnrmber 31,1880.)
The following statements are from the report for the year
1880, presented at the recent annual meeting in Pittsburg.
The earnings for the year were as follows:
In 1879 the loss
reported
was
Freight
Passengers
Total
160,753
291,714
$10,096,819
$8,452,382
Net earnings
Per cent of expenses
Pittsburg to Chicago.
follows.
1879.
$6,066,593
1,922,806
269,797
193,184
Expenses
These figures are for
1880.
$7,395,452
2,248,899
Mail and express
Rents, &c
5,318,559
4,501,128
$4,778,260
52*67
$3,951,254
53*25
the main line of 468*39 miles, from
The net results for the year were as
Net earnings as above
Net gain from New Castle & Beaver Valley Road
Net gain from Lawrence Road
$4,778,260
Total..
'
Less amount paid Cleveland & Pittsburg on
$4,856,355
earnings
in
The net balance for 1879
1880 of
$781,218.
71,226
6,868
345,839
$4,510,516
Net balance for the year
.
division of joint
was
$3,729,298, showing an increase
GENERAL INVESTMENT NEWS.
Augusta & Knoxville—Charlotte Columbia & Augnsta.—
Messrs. John J. Cohen & <Sons, of Augusta, purchased for the
syndicate $400,000 of the
seven per
577
CHRONICLE.
THE
1881.]
cent bonds of the August
&
Knoxville Railroad. This, it is stated, with the money on hand,
will finish the road to Greenwood, where it will connect with
the Greenville & Columbia road.
Chicago Rock Island & Pacific.—The following summary
earnings and disbursements for the year ending Mareh"31,
1881, is published in advance of tne annual report:
of
Gross receipts
of railway
Cash receipts of
$11,956,907
490,000
..
Land Department
Total gross receipts
Operating expenses, including taxes
Net earnings for year
Fixed charges for interest on bonds, 6 per cent.
Interest on C. & 8. \V. bonds
Rental of K. &. D. M. Road
Rental on P. A B. V. Road
Rental Han. & St. Joseph, Cameron Branch
Available for dividends
~
4
.
$12,446,907
6,630,155
.$600,000
$5,816,752
350.000
135,500
125,000
37,500— 1,250,000
(equal to 1078 per cent on stock.)...
$4,566,752
Chicago St. Paul Minneapolis & Omaha.—This company
places on the New York Stock Exchange list an additional
amount of its consolidated mortgage bonds. Iu accordance
with the terms of consolidation, $5,000 per mile of consolidated
mortgage bonds on the 608 miles of its railroad acquired from
the St. Paul & Sioux City Railroad Company, $3,040,000 (only
$10,000 per mile having been previously issued), making a
total of $15,000 bonds per mile on this system, the same being
required for improvement of the said railroad—purchase of
steel rails, locomotives, new passenger and baggage cars,
freight cars, new transfer boat, iron bridges, 35 miles additional
side tracks, 16 new depots, new machine shops at St. Paul, ad¬
ditional engine houses, additional real estate, &c. For the
purchase of the bonds of the Menominee Railway Company,
4^2 miles, $67,000, the bonds of the Eau Clair Railway Com¬
pany, 3 miles, $45,000, and the bonds of the Black River Rail¬
way Company, 16 miles, $240,000.
Cleveland Canton Coshocton & Straitsville.—At a meet¬
ing in Cleveland of stockholders of this railroad, recently pur¬
chased in the interest of the Connotton Valley road, it was de¬
cided to increase the stock from $800,000 to $2,000,000, to
enable the company to complete the line immediately. Work
will be begun between Canton and Coshocton within thirty
days, and will be pushed along as rapidly as men can do it. It
was also agreed to extend the line south from
Coshoiton into
the Hocking Valley coal fields.
Connecticut Western.—In Hartford, Conn., May 25, the first
mortgage bondholders of this railroad met for reorganization
under the recent act of the Legislature. A resolution accepting
the act of the Legislature, and reorganizing under the title of
the “ Hartford & Connecticut Western Railroad Company,” was
adopted bv a large vote—18,635 yeas, representing $1,863,50® of
bonds, and 90 nays, representing only $9,000. A meeting for
the organization of the new company will shortly be held, prior
to which books will be opened for subscriptions to stock in ex¬
change for bonds.
Dayton & Southeastern.—This narrow-guage railroad has
been released from the Receiver, by order of the Court, and
transferred to the Toledo Delphos & Burlington Railroad.
Both roads are narrow-guages, and the latter acquires posses¬
sion of the former by pacing all of the Receiver’s and otner in¬
debtedness, amounting in all to $486,000. General Corse,
President of the Toledo Delphos & Burlington Railroad, and
George W. Ballou, of New York, acted for the transfer company.
Fort Wayne Muncie & Cincinnati.—The plan of re-organi¬
zation which bondholders are asked to subscribe to in Boston, or
at the Farmers’ Loan & Trust Company in New York, states
that the United States Circuit Court is expected soon to make a
decree of sale of this road. It is proposed that the holders of
the various classes of bonds should unite to purchase the
property. A committee of three is appointed to bid at the sale,
and should they become purchasers, tney are authorized to take
title and organize a corporation and convey the property to it.
The terms on which the committee are to organize saia corpo¬
ration shall be as nearly as practicable as follows :
There shall be issued to the first mortgage bondholders,
stock in the new corporation as
For principal of their bonds
For overdue coupon interest from
follows—
....$1,800,900
April 1, 1872, to April 1,
1880, both dates inclusive. 8 years, at 7 per cent
1,008,000
To the equipment bondholders, stock in the new corpora¬
tion, at par, as follows—
For principal of their bonds
For overdue coupon interest on
same
$345,000
138,862
from July 1,1874, to
April 1,1880, at 7 per cent, 5 years and 9 months.
To t he income bondholders, stock in the new corporation,
at par—
For principal of their bonds
To holders of certain coupons on
■
first mortgage bonds, due
previous to Oct. 1,1872, stock at par, about
,
To holders of 2d mortgage bonds, stock at par upon pay¬
ment by them of $300:
$1,000 bond
Company retain for settlement
Cash with each
& Globe
Total
--**
of claim Liverpool & London
Insurance Company, and other small claims
capital stock
$41,104
16,800
500,000
150.23
$4,000,000
Henderson.—It is reported that Jar
Gould has obtained possession of this road. The New York
World says : “ The purchase of the Galveston Houston & Hen¬
derson by Mr. Jav Gould secures to his combination the great
terminal link to Galveston. The property in itself is exceed¬
ingly valuable, is bonded and stocked to a very small extent*
and has only suffered through mismanagement in the past.
The Galveston Houston & Henderson first mortgage bonds
amount to less than $1,500,000.
This net earning are more
Galveston Honston &
578
THE CHRONICLE.
than sufficient to pay the interest of 7
per cent—$105,000—and
a dividend of 11 per cent on the stock.
This calculation is based
on the
report of the company for the year 1879. The present
business of the company, the times
improved, makes the above statement
Harlem River &
having wonderfully
conservative.”
Portchester.—Among the
re¬
corded this week is one from the Harlem River mortgages
& Portchester
Railroad Company to the Farmers’ Loan and Trust
Company to
secure second
mortgage bonds amounting to $1,000,000, which
are about to be issued
by the company. The bonds are paya¬
ble in 1911, and will bear interest at 4
per cent.
Houston & Texas Central.—Official notice is
given to the
holders of the income and
indemnity bonds that offers for
redemption of said bonds will be received at the
office, Houston, Texas, until June 21, 1881. If, as company’s
provided in
the deed of trust, the said bonds cannot then
be obtained below
par,
notice of thirty days will be given for their presentation
Texas, and
for pa}Tment at the
company’s office, Houston,
interest will cease at the expiration of the said
thirty days.
International & Great Northern.—This company had listed
at the Stock
Exchange “ second mortgage income bonds” for
$5,524,000, being the amount issued on road completed to
January 31, 1881. The company now proposes to issue in place
of these income bonds,
coupon bonds bearing 6 per cent interest,
and to meet the
delay required by the laws of Texas in com¬
pleting the mortgage, to stamp such bonds “ assented ” as
agree to the exchange.
The new mortgage bonds to be given
for the incomes will bear interest
absolutely at 6 per cent, the
first coupon to be paid
September 1, 1881.
Louisville New Albany & Chicago.—The
Indianapolis
Journal says : “ The portion of the
Indianapolis & Chicago
road now completed has
simply been leased to the Louisville
New Albany &
Chicago people to operate until the road is
completed between Indianapolis & Chicago. The
company
owning the property are now" pushing construction of the road
between Rensselaer and
Chicago, and they expect to have the
road in operation between
Delphi and Chicago by July 1, and
then work on the Delphi &
Indianapolis Division will be com¬
menced in earnest. The distance is 64
miles, and the company
expect to have it completed by October 1. Then
they will take
the entire line,
properly equip and operate it, the Louisville
New Albany & Chicago lease
only covering the time occupied
in completing the unfinished
portion of the road.”
Louisville New Albany & St. Louis.—At a
meeting of the
stockholders held recently,
they
unanimously
authorized
the
issue of the mortgage bonds and stock
the road under contract with the Boston necessary to complete
syndicate. The road
is reported to be all under
contract, and will form a through
line from Louisville to St. Louis.
Manhattan Elevated Railroad.—The suit
brought by Attor¬
ney-General Ward in the Supreme Court for the
dissolution of
the Manhattan Railroad
Company, and the appointment of a
Receiver, came before Judge Donohue in Chambers of the
-
-
Court on Thursday, on a
preliminary motion by defendants to
have portions of the
complaint struck out as redundant; to
have others made more definite and
certain, and to compel the
plaintiff to plead his various causes of action
On
Friday the suit of the Attorney-General cameseparately.
up. Mr. Field
said that the motion for the review of the
tax levy should first
be heard, and he had affidavits sworn to
by R. M. Galloway
and Robert E. Deyo, and
others, which declared that the tax on
the earnings had been
paid, and that the tax on the structure
was excessive.
Corporation Counsel Andrews spoke in reply.
Judge Donohue reserved his decision. Argument on the motion
to appoint a Receiver of the
Manhattan roads was adjourcedfor
a week in
consequence of the absence of ex-Senator
who represents a number of the
stockholders.
Conkling,
(Tol. xxxn.
map of the road and a description
in the County Clerk’s office.” *
that the road will enter Erie
of the route have been fiW
*
*
“
From it is
learned
town of Alden,
and
along north of the New lTork Lake Erie & Western
Railroad and enter Buffalo near its
easterly bounds. After enter¬
ing the city the road will make a direct line for the
Lake.”
County in the
pass
Norfolk & Western.—Notice is
given by Mr. George F
Tyler, the President, that on the tenth day of
August, 1881, at
the Union National Bank, in the
city of New York, the Norfolk
& Western RR. Co. will
purchase, at par and accrued interest
the obligations of the Norfolk & Petersburg
Railroad
the Southside Railroad
Company and the Virginia & Company
Tennessee
Railroad Company, the payment of the
principal of
which, by
virtue of the order of the Circuit Court of the
United States
was extended until
January 1, 1888, with the privilege on the
part of the Receivers of the Atlantic Mississippi & Ohio
Company to purchase the
Railroad
same on
payment of principal and
interest after notice given as in said order
provided. The bonds
and unmatured coupons must be
presented and surrendered
at the time of such purchase and
payment. All interest on such
bonds will cease on and after
August 10,1881.
Notice is also given that on the 26th
day of August, 1881, the
Norfolk A: Western Railroad
Company
will purchase at par and
accrued interest the 8 per cent interest
funding certificates of
the Receivers of the Atlantic
Mississippi & Ohio Railroad.
Northern Central.—The
following comparative statement
earnings and operations of the Northern Central RailCompany is obtained from official sources.
of the
way
/
1881.
Avril.
*
Gross earning
$487,273
Operating expenses. 269,441
Four months.
1881.
1880.
1880.
$386,130
272,562
$1,708,992
$1,466,809
1,020,456
974,987
Net
earnings—$217,832
$113,568
$688,536
..
$491,822
Ohio & Mississippi.—Mr. John
King,
Jr., Receiver of the
Ohio & Mississippi Railroad, filed the
following statement of
earnings and disbursements
for
Court at Cincinnati.
April with the United States
RECEIPTS.
Cash on hand April 1
From station agents
From conductors
$158,769
445,307
6,583
87,692
Individuals, railroad companies, &c
Adams and American express
companies
Post Office Department
816
21,645
Total
$720,815
DISBURSEMENTS.
Vouchers subsequent to Nov. 17, 1876
Pay-rolls
$491,532
.
148,765
1,390
Arrearages
Cash
on
hand May 1
v.
79,123
Total
$720,815
,
Pennsylvania Railroad.—The
April and for the first four months
gross and net
of the year are
earnings in
the Chronicle, as shown in the table below. In compiled for
March, 1881,
there was an increase of $272,006 in
gross earnings and $160,228
in net earnings.
For the four months there was an increase in
1881 of $1,094,827 in gross and
$214,693 in net earnings.
ALL LINES EAST OF
PITTSBURG AND ERIE.
January
February
March
April
Gross Earnings.
1881.
1880.
$3,189,215
3,095.614
3,844,304
3,760,372
Net
1881.
$3,083,551
2,944,576
3,278,186
3,488,366
Earnings.
.
1880.
$1,206,S6 L
1,158,104
1,799,226
1,655,810
$1,366,298
1,232.182
1,511,248
1,495,582
Total
$13,889,505 $12,794,679
$5,819,801$5,605,110
As to the lines west of
Pittsburg and Erie, the monthly
reports issued in 1880 and for the current
year show the results
bel _>w. The company’s report,
however, states the gain since
Jan. 1 this year, against the same
period in 1880,
ALL
Marquette Houghton & Ontonagon.—Notice
the sale of lands
LINES
WEST
OF
as
$146,524.
FITTSBURG.
Net Surplus over all Liabilities.
is given that
Gain or loss
1881.
1880.
confirmed, and stockholders of record
in 1881.
at close of business
January
$381,539
$305,304
Gain.. $76,235
May 21 had the option to subscribe at par, February
143,497
116,710
Gain.. 26,787
pro rata, for $600,000 of stock in a land
company, to be organ¬ March
441,90L
|557,171
Loss.. 115,270
ized by the purchasers.
April
496,764
312,26.)
Gain.. 184,495
Milwaukee Lake Shore & Western.—This
Net total
$1,463,701
company places
$1,291,454 Gain $172,247
on the New York Stock
its first mortgage goid bonds
Exchange
Philadelphia
&
dated May 2,1881, due
Reading.—The
• Pennsylvania
Supreme
1921, bearing 6 per cent interest yearly, Court
gave an opinion in the Reading Railroad case, affirming
coupons May
and. November, to the amount of $3,000,000 ; the decree of the Court of Common Pleas
total issue authorized,
declaring Frank S.
$5,000,000. The purpose of this issue, Bond and others the
which is at the rate of $12,000
legally-elected officers of the Philadelphia
per mile of completed Toad, is to &
Reading Railroad. Judge Mercur delivered the opinion of
take up the sectional
mortgage bonds to the amount of the Court, and
Judge Trunkey filed a dissenting opinion, in
$1,812,000 ; the second mortgage bonds, now used as
collateral, which Chief Justice Sliarswood and Judge Sterrett concurred.
to the amount of
$500,000 ; and the equipment bonds to the The decision covers over
ten pages.
amount of $290,000, all of which
After
the case,
are subject to
call, and also it concludes that the regular term of the reviewing
for the further construction of
officers has expired.
road. The company has also The
right of the stockholders to require an election to be held
issued a series of income bonds to
the amount of $500,000, should not be
dated May 2, 1881,
unnecessarily trammeled, but if the view of ap¬
running thirty years, with interest not pellant were correct
the meeting could have been prevented
exceeding 6 per cent per annum, payable out of net
earnings, until the time for the next regular meeting. An application for
and not cumulative. The stock issued
is $5,000,000
preferred, re-argument of the appeal passed upon by the Supreme Court
and $1,000,000 common, and there are
also 8,384 shares held in on
trust for the
Monday was made on Thursday. In case it is refused, Mr.
company.
Gowen will end further
proceedings by recognizing Major Bond
-t# —The company, in anticipation of the redemption of its several
as President.
issues of 7 per cent bonds, will
give to the holders of such
To the statement that the new
bonds the right to
managers of the Philadelphia
exchange the same, on certain terms, prior &
to June 1, prox., for the new
Reading Company intended, when in possession of the
6 per cent first
mortgage con- corporation books, to return to the subscribers of the deferred
_solidated gold bonds,
having forty years to run.
bonds their deposit money and
present a new plan for provid¬
New York Lackawanna &
Western.—A dispatch to the ing for the floating debt, ex-President Gowen has given for
Times from Buffalo, May 25,
‘‘The plans of the New publication the following reply.
York Lackawanna & Western says:
for reaching
First—That the deposit money for the deferred bonds is in the hands
this city have, of the
within the past few
Receivers, ahd that the new board of managers have no custody
days, assumed definite shape. A profile or
control over it.
s
has been
.
“
May 28,
THE
1881.5
CHRONICLE
aeCond—That tho money cannot be returned unless the subscribers
willing to accept it, which I am quite certain they will not do.
‘‘Third—That the English subscribers to the deferred income bonds,
none of whom were parties to the suit in the Circuit Court of the United
States and who cannot possibly be affected by it, have determined to
insist upon their ri£?ht to the bonds, ha^e employed able counsel in this
u
nrp
country to protect their interests, and the
of others whose opinion is being taken on
opinion of such counsel and
behalf of the American sub¬
scribers coincides with that of the counsel for the company—viz., that
the bonds are valid and legal, and their issue is entirely within the
of the company.
Fourth—That the proceeds of the sale of the deferred income bonds
will provide for the floating debt, the new managers, if they assume
power, will be released from the necessity of doing anything with refer¬
ence to it, and if they will authorize and create the mortgage of
$150,000,000 of five per cent consols, even iu such form as will be
entirely within the powers of the company, as defined iu the recent
decision of Judges
McKennan and Butler,’ I will agree to sell
powers
“
$40,000,000 of them at not less than par, thus putting the new manag¬
ers in funds to p;*y the general mortgage bonds and all subsequent,
indebtedness at par, which will not only place the company in good
credit and bring back dividends to the shareholders, but will very
speedily end the receivership.”
—This month the company issues in a new form its statement
of earnings and expenses for April and for the five months,
December 1, 1880, to April 30, 1881.
Strange to say, the gross
receipts for April, 1880 are omitted altogether, and as they have
never
yet been published, it is
impossible to make any compari¬
railroad com¬
$1,484,864, and of the coal and iron company, $897,641.
For April, 1881, the gross receipts of the
son.
pany were
The statement of net receipts is quite
be clearly known that the expenses
complete, but it should
deducted are only the
operating expenses, and not rentals nor interest. The net
receipts in each department were as follows:
1880-81.
/
,,
5 Months.
April.
Railroad traffic
$532,251 $2,731,758
Canal traffic
9,951 Loss.49,462
Bteam colliers....
364
92,319
Richmond coal barges..Loss. 1,157 Loss
94
Total Railroad Co
$541,410
$2,774,521
38,628
248,855
Read. Coal & Iron Co...
1,708
4,417
107,084
4,931
$G44,16l
$3,004,136
28,953 L’s. 175,834
TONNAGE AND PASSENGERS.
Tons of coal on RR..
Tons of merchandise
,
.
April.
$576,031
5 months.
$2,759,581
532,147
845,604
2,355,589
531,375
3,750,437
786,637
5 months.
$2,681,670
2,452,081
3,609,422
43,245
200,976
50,053
217,648
Passengers carried.
Coal transported by.
steam colliers
April.
TONS OF COAL MINED.
By Coal and Iron Co.
By tenants
Total
agreement of consolidation.
South Carolina Railroad.—The South Carolina Railroad
will be sold at Charleston, S. C., July 28. The sale will include
the main line from Charleston to Augusta, with the Columbia
and Camden branches, 242 miles in all, with all equipment and
other property and franchises; it will be made subject to liens
prior to the second mortgage, not to exceed £620,000 sterling of
principal, including bonds held by the trustees.
at
payment of all arrears of dividends accrued upon
the preferred stock of this company up to and
including Jan. 1,
1881. The total issue is $1,357,000, to carry such interest—not
exceeding 6
per cent per annum—as shall have been earned
within each calendar year, and payable annually on June 1 of
the following year; such interest is not to accumulate from
year
to year.
St. Louis Iron Mountain & Southern.—This company lists
at the New York Stock Exchange the general consolidated
railway and land grant mortgage bonds, dated March 15,1881,
1879-80.
$637,344
State of Ohio, will be submitted.
Notice is given that there will be a meeting of the stockhold¬
ers and voting bondholders of the Ohio Central
Company at the
office of the company, in the city of Toledo, Ohio, on
Saturday,
June 25,1881, for the purpose of ratification of the articles of
directors in
2.736
following statement:
v
general meeting of the
Alleghany RR. Co. will be held,
the city of Richmond, Va., on
Thursday, the 23d day of June, 1881. At that meeting a pro¬
posed plan of consolidation with the Atlantic & Northwestern
Railroad Company, a corporation of the State of West
Virginia,
and the Ohio Central Railroad Company, a
corporation of the
stockholders of the Richmond &
at the office of the Company, in
$2,889,383
,
$580,039 $3,023,376 $673,115 $2,828,301
The volume of business of the two companies is shown in the
1880-81.
event the distance to be built will be much shorter.”
Au official notice is issued that a
5 Months.
Tot. of both compan’s
<
son’s, Va., and of the Ohio Central, Athens, Ohio, the distance
between the two points being about 275 miles, and the $10,000,000 subscription for building the consolidation was taken
yester¬
day. As before stated, however, it may be determined to make
a traffic
arrangement with the Chesapeake & Ohio, in which
St. Louis Alton & Terre Haute.—This company has listed
the New York Stock Exchange its dividend bonds dated
January 1,1881, due January 1, 1894. These bonds are issued
by resolution of the Executive Committee of the board of
1879-80.
April.
$561,342
76,693
6T9
253,346
119,426
1,203,840
538,956
318,726
100,806
1.295,442
430,187
372,773
1,742,796
419,532
1,725,629
due April 1, 1931, at 5 per cent interest, payable half
yearly,
secured by a mortgage on all the property, franchises, &c., of
the company. The total issue of these bonds will be $32,036,000.
The bonds are to be appropriated as follows:
To complete tlie laying of steel rails on the main line of
road and to pay floating debt
$1,710,000
To retire first preferred income bonds at 107, as many as
shall be necessary of
.*
4,438,000
To retire second preferred income bonds at 100, as many as
shall be necessary of—
Reserved in trust company to retire divisional bonds
4,015,000
21,873,000
Pullman Southern Oar Co.—The annual meeting of the
$32,036,000'
President, directors and stockholders of the Pullman Southern
Spartanburg Union & Columbia.—The lease of this road to
Car Company was held in Louisville. C. H. Davie, of
Chicago, the Columbia & Greenville Company has been completed and
General Accountant of the company, presented his annual
signed. The lease is for ninety-nine years, at a fixed yearlystatement, which contained the following:
rental of $50,000.
ANNUAL STATEMENT PULLMAN
SOUTHERN CAR COMPANY, FISCAL YEAR
ENDING MARCH 31. 1881.
Revenue—Gross earnings
$236,079
Disbursements.
■
.
Operating
expenses, including legal expenses, taxes, in¬
surance, &c
Maintenance of upholstery and bedding
"...
Interest and exchange...,
Net revenue for year
$123,735
Profit and loss, old account written off
Amount reserved for payment of taxes in litigation
Balance of net revenue for year
$86,865
13,234
12,244
$112,344
340
5,700
117,694
Syracuse Binghamton & New York.—A meeting of the
stockholders of this company was held at No. 26 Exchange
place. Seven-eighths of the stock was represented, and it was
decided by a unanimous vote to increase the capital stock of
the road to $2,500,000.
Tennessee State Debt.—At Nashville, Tenn., May 24, a bill
served on the Comptroller by the Sheriff of the county
was
enjoining the Funding Board from carrying out the require¬
ments of the par and 3 per cent funding act.
The bill alleges
that the Mineral Home Railroad bonds and the bonds issued for
war interest and war purposes were illegally issued; that the
funding act was procured by bribery; that members of the
Legislature were speculating in Tennessee bonds when the act
Assets
passed, and that one member received $10,000 and another
Fifty-eight cars and equip., including franchises.$1,245,207
Less 1,850 shares
$15,000 for voting for the act. The bill further charges that
capital stock hold in trust for
the company
the act is unconstitutional because it appropriates revenue for
185,000—$1,060,207
Extra trucks
13,165
99 years, while the Constitution prohibits appropriations for
J/alue of stores on hand
15,730
Wheels and axles
longer
than two years; also, because it confers judicial powers
1,361
Office furniture and fixtures
4,573 on the executive officers to pass upon the legality of bonds; that
Repair shop, New Orleans
695
by the coupon feature the school fund is efivested from its
Patents
112,500
Accounts receivable—1,850 shares of stock iu
legitimate purpose; that it provides for funding bonds held by
certain bondholders, but excepts bonds held by charitable and
Sundry accounts receivable". I !?.*..*.* *. .*.. ^*
43,’l20— 233,120 educational institutions; that the act fails to recite in its caption
or otherwise the title or substance of the law repealed, revived
$1,441,355
or amended; that it repeals the section of the act of March,
’
Liabilities.
Capital stock issued, 13,092 shares, at $100
1873,
prohibiting the reception of anything but Treasury war¬
each
’
$1,309,200
Of which i,850 shares are heid in
rants, gold and silver, United States bank notes, and the old
trust for the
company
185,000- 1,124,200 issue of the Bank of Tennessee, for taxes, by making the cou¬
Accounts payable—Pullman Palace Car Co
*88,708
pons receivable for taxes. The bill further alleges that the act
sundry accounts payable
29,801—
118,509 is ambiguous, and asks for a construction of the act by the
Licome account—Balance March
31, 1880
80,951
$236,079
FINANCIAL STATEMENT.
•
r,
,
m
xear
ending March 31, 1881
117,694—
198.646
‘
$1,441,355
*
Reduced
in 12
Richmond
Nolan,
months, $95,624.
&
Alleghany—Ohio Central.—These roads are
The World of May 27 reports: “ The
company formed by the consolidation of the
Richmond & Alleghany and the Ohio Central railroads will be
^Richmond
Alleghany & Ohio Central railroads. The stock
of the Richmond
& Alleghany will get 120 per cent cf the stock
.Per
cenfc
the income bonds of the new company, and
rP
the Ohio Central stock will
get about 125 per cent in the new
to be consolidated.
name of the new
®wck, the mortgage and income bonds remaining the same,
ihe present terminus of the Richmond &
court.
The bill of injunction was presented to Judge 1.1. Williams,
at Winchester, and a fiat granted on May 20. Comptroller
Alleghany is William -
one of the members of the Funding Board, says no action,
will be taken to dissolve the injunction until the return of State
Treasurer Polk and Secretary of State Nunn.
Toledo Cincinnati & St. Louis.—This narrow-gauge rail¬
road is making rapid progress, and promises to be ready for
service to East St. Louis by January 1, 1882.
Wisconsin Central.—The annual report soon to be
issued
will show gross earnings in 1880 of $1,146,352; operating expen¬
ses and rentals, $880,604; net earnings, $266,748.
The increased
percentage of net earnings over 1879, deducting rentals, is
37 6-10.
THE
580
CHRONICLE.
COTTON.
g?he Commercial jinxes.
COMMERCIAL
Friday. P. M.. May 27, 1881.
The Movement op the Crop, as indicated" by^our telegrams
from the South to-night, is given below.
Fop the week ending
this evening (May 27), the total receipts have' reached 36,851
.
EPITOME.
Friday Night,
r
The weather here has been very good, the
[Vol. XXXIL
May 27,1881.
week closing with
,
bales, against 42,415 bales,last week,1 49,150 bales the previous
week and .45,535 bales three weeks since; making the total
receipts since the 1st of September, 1880, 5,53(),1B1 bales, against
and summer-like. Crop accounts are 4,739,442 bales for the same period of 1879-80, shewing an increase
generally favorable, fully equal to any reasonable expectations, since September 1, 1880, of 790,689 bales.
when the extent of our country and the variety of its products
Mon.
Sat.
Tues.
Wed.
Thurs.
Fri.
Total.
Receipts at—
Trade pursues the even tenor of its way un¬
are considered.
544
279
642
Galveston
480
571
1,505
4,021
disturbed, except in two or three staples* such as wheat and
23
Indianola, &c.
23
297
459
lard, by wide fluctuations and speculative complications. But Now Orleans...
2,031
2,116
1,020
1,379
7,302
267
428
357
94
185
125
the volume of transactions is large, with a fair margin for Mobile
1,456
Florida
2
2
profit, and future prospects promising.
741
826
Savannah
6o 6
330
686
1,041
4,760
i
The provision market has shown one or two sharp declines of
Brunsw’k, &c.
798
266
394
late, followed by partial recoveries. At the moment the posi¬ Charleston
605
345
885
3,293
Pt. Royal, &c.
17
tion here is weighed down by the unsatisfactory advices from
17
54
10
4S
165
24
28
329
Wilmington.....
Chicago; old mess pork on the spot, $15 75; new, $16 75; June
43
Moreli’dC.,&c
43
quoted $16 30@$16 90; July, August and September, $17 Norfolk
431
761
417
479
493
1,319
3,900
asked. Lard sold at 11c. for prime Western on the spot;
684
684
City Point,&c.
100
542
294
957
June, 10*85@10*95c.; July, 10*82?£@10‘97/£c., August, 10’85@ New York
1,05S
1,026
3,978
the
temperature
warm
....
....
....
....
....
'
....
....
...
....
....
..—
....
....
....
....
....
....
'•
....
....
....
....
....
....
....
....
....
•
•
•
10*97%c.; September, 10,85@10,97/^c.; October, 10’85@10'90c.;
Boston
342
792
456
447
248
578
2,863
10*17/2@10‘27/^c.; refined to the Continent, 11 10c.
Bacon firm and moderately active at 8%c. for long and 9>Jc.
for short clear. Beef and beef hams have ruled quiet and
unchanged. Butter has latterly been quiet, in better supply
Baltimore
115
97
180
250
575
115
Philadelp’a, &c.
229
49S
720
52
630
719
1,332
2,848
Totals this week
7,026
5,93 s
5,583
6,644
5,068
6,592
36,851
seller year,
.
and weak.
Cheese closed firmer at 8^@l0c. for fair to choice
Stearine at 13Mc.
fair cargoes, owing to
the very favorable result of several auction sales; the busi¬
ness, however, has not been large.
Mild coffee has brought
strong prices at a large auction, some two-year ,old Maracaibo
bringing as high as 14%c.; ordinary Maracaibo is quoted at 10
@13c. in invoices; the demand on the street has improved
somewhat, and the close is firm. Rice has been in good demand
and firm.
Molasses has sold fairly at firm prices, and 50
degrees test has advanced to 36^c.; grocery grades have re¬
mained at the recent quotations. Spices have latterly been
very quiet. Tea has generally brought slightly lower prices at
auction, green alone being steady at the last sale; the trade is
being in a measure revolutionized by the regular recurrence of
large auction sales every week, and the private business, espec¬
ially in jobbing lots, has fallen off materially. Raw sugar
closed firmly, held at 7%c. for fair refining Muscovado and
8?6@85/6c. for 96 degrees test centrifugal. There has been a
good business of late ; this fact, and advices of firm foreign
markets, have greatly encouraged holders here.
factory.
Tallow firm at 62s @6 9-16c.
Rio coffee has advanced to
comparison, we give the following table showing the week’s
total receipts, the total since Sept. 1,1880, and the stocks to-night
and the same items for the corresponding periods of last year.
11c. for
Hhd8.
Receipts since May 1,1881
67,424
57,703
53,513
119,533
Boxes.
Bags.
193,243
246,961
1,012,170
849,803
For
Melado.
1880-81.
Galveston
private terms, and the following from the crop of 1879 :
500 cases Pennsylvania, 8%@25c.; 200 cases New England,
14?6@20c.; 150 cases Ohio, 5@13c.; 200 cases Connecticut, 20@<
25c.; and 300 cases sundries, 12@25c. Also, 600 bales Havana,
on
1881.
1880.
Florida
Savannah
4,760
1,011
Mobile
2
845,127
Brunswick, &c.
4,855
Charleston
Port
1,135
23
New Orleans
3,293
610,021
17
49,950
329
115,238
30,009
Royal, &o.
Wilmington
M’head City,&c
Norfolk
3,900
City Point, &c.
684
43
New York
3,978
2,863
1,332
2,848
Boston
Baltimore
Philadelphia, &c.
Total
......
715,300
21,189
3,631
1,820
......
10,206
......
......
442,799
16,307
30,619
49
73
75,723
2,127
1,701
13
26,852
682,199
207,755
162,396
157,598
6,990
552,190
15,116
17,819
518
150,671
4i,213
82
61,955
1,418
....
36,851 5,530,131
12,155
-
2,749
193,714 174,059 174,284
1,601
204,247
16,116
43,044
11,530
6,927
10,244
11,516
9,224
9,926
23,764 4,739,442 489,897 422,912
In order that
comparison may be made with other years, we
give below the totals at leading ports for six seasons.
New Orleans.
seed,
Sep.
1879.
456,315 50,859 11,805
7,684
5,845 1,451,958 162,407 146,884
507
348,443 13,997 17,392
20,136
5,086
Galvest’n,&c.
Seed leaf has continued in moderate demand, and the sales for
the week embrace 373 cases, 1880 crop, Wisconsin, Havana
i,
Week.
645,838
15,086
7,302 1,503,768
1,456 376,766
2
20,357
5,784
6,510
Refined has been in
Since
This
Sep.
1, 1880.
4,021
Indianola, &c..
good demand and higher, at 10^c. for cut
loaf, 10%@10^c. for powdered and 1034c. for granulated,
crushed remaining at 1034c.
Kentucky tobacco was quiet but firm. The sales for the week
are only 400 hhds., of which 250 for export and 150 for home
consumption. Lugs are quoted at 4^@5^c. and leaf at 12c.
6,844
Since
Week.
Receipts at—
....
This
May 27.
1,966
1,966
294
Bales since May 1, 1881
Btock May 25, 1881
Btock May 26, 1880
....
Stock.
1879-80.
Receipts to
1879.
1880.
1881.
1878.
1877.
1876.
411
1,041
1,996
4,501
1,137
5,845
Mobile
4,044
7,302
1,456
507
390
960
328
943
Savannah....
4,760
2,067
3,317
1,389
Charl’st’n.&c
3,310
1,011
1,820
426
683
562
1,326
1,098
Wilm’gt’n, &c
372
86
377
526
398
309
Norfolk, &c..
All others....
4,584
11,023
7,508
5,850
3,331
5,066
3,960
3,577
2,313
2,272
1,478
3,114
Tot. this w’k.
36,851
23,764
17,113
18,220
9,669
13,810
.
3,022
2,434
1,636
3,561
Sept. 1. 5530,131 4739,442 4389,721 4196,104 3905,643 4018,014
&c.;
Wilmington includes Morehead City, &c.; Norfolk includes City Point. &c.
The exports for the week ending this evening reach a total
of 64,516 bales, of which 49,342 were to Great Britain, 2,683 to
France and 12,491 to rest of the Continent, while the stocks as
Since
Galveston includes Indianola; Charleston includes Port Royal,
made up
this evening are now 489,897 bales. Below are the
ior
the week and since September, 1,1880.
exports
qufefc and essentially unchanged
market. Spirits turpentine, 37^@38c.; strained to good strained
Week Ending May 27.
From Sept. 1.1880, to May 27,1881.
Exported to—
Exported to—
Exports
rosins, $1 90@1 9736. Petroleum ruled firm and fairly active
from—
for export at 8c. for refined.
Crude certificates closed
ContiGreat
Conti- Total
Great
Total
France
France
lit*
BriVn•
nent.
Week. Britain.
firmer at 8236c. bid for United certificates.
Ingot copper
98,195 437,436
7,120 1,027
1,246
9,393 289,013 50.228
has declined a trifle, and Lake is now quoted at 18%@18%c. All Galveston
New Orleans.. 15,326
1,619
8,533 20,478 808,497 298,110 337,448 1,444,055
other metals have ruled quiet and without essential changes.
Mobile
7,419 110,72*
4,793
4,793
80,536 22,767
Ocean freight room at the close was a trifle more steady for
1,700
1,700 196,451 37,866 261,722 486,039
berth room, while charters were dull and rather easy. Grain to Savannah
466,070
Charleston
3,080
194,209 60,299 211,571
3,080
Liverpool, by steam, 234@236d.; flour, 12s. 6d.; bacon, 12s. 6d.; Wilmington...
60,812
11,222
1,444
57,146
7,507 312,276
301,829
2,850
cheese, 15s.; cotton, 3s. 6d.; grain to London, by steam, quoted Norfolk
37
98,337 479,538
York
\ 9,655
2,196 11,888 347,800 33,401
4d.; do. to Glasgow, by steam, 3%@4d.; do. to Leith, by steam, New
94,599
1
Rnnt.rm
3,150
94,598
3,150
536d.; do. to Cardiff, by steam, 5d.; do. to Rotterdam, by steam, Baltimore
736
98h77
25,470 123,647
5,934
5J98
57,052
102
57,550
4,100
5d.; do. to Antwerp, by steam, 434d.; do. to Amsterdam, by Philadelp’a,Ac 4,100
Total
2,683 12,491 64,516 2,525,806 506,065 1,050,084 4,091,855
49,342
steam, 3d ; residuum to Liverpool, 3s. 3d.; crude petroleum to
"300 10,238 59,922 2,807,991 343,515 796,214 3,447,720
Total 1879-80 49,384
Havre, 3s. 136d.; naphtha to Havre, 3s. 436d.; grain to Cork for
orders quoted at 4s.@4s. 3d. per qr.
^Includes exportf from Po t Royal, &c.‘
85c.@$l 25.
In naval stores there
was a
^
.
•
•
•
•
.......
••••••
••••••
.....
......
,
......
.
.
.
.
.....
.
.
’
.
...
to-night also give
not cleared, at
Jheuorts nameS. We add similar figures for New York, which
^ nrenared for our special use by Messrs. Carey, Yale &
addition to above exports, our telegrams
following amounts of cotton on shipboard,
In
„
Lambert. 60
Beaver Street.
On
Mat
27, at-
Great
Britain.
OD
H
80
©
®
eo
aa
03
31
B
a
£
®
®
OD
n
03 ®
£3
*
B
OK
France.
Other
Coast-
Foreign
ivise.
o
Mobile
Cnarlestou
12,637
8,920
2,000
None.
950
None.
1,450
88
None.
450
6,700
2,000
12,334
3,000
4,000
1,942
5,503
None.
None.
300
38
None.
1,500
1,000
40,889
17,52y
24,373
3,576
900
Bavannali
Galveston
York
Other ports
New
---•
‘Included in this amount
ports the destination of
vZ?
Is
B.
M
Leaving
Stock.
Total.,
M
cd
37,911
3,TOO
5.539
9,600
19,817
"4,300
6,500
87,367
to
11,589
31,042
o*
169,759
44,579
9©:*
©
ob®
©
o
Ordin’y.^lb
Sat.
for the week are 454,500
7*8
7*8
7*8
738
818
913
95s
Strict Ord.
7%
7%
734
Good Ord..
8_13m 8l3le 813m
95s
Str. G’d Ord 9°ie
9°16
95m
103s
10
Low Midd’g 10
103s
10
Str.L’w Mid 1012
10*2
10^
1OI310 10iam
11
Middling... 10 a4 10% 10% 11
Good Mid.. 115m 115m 11516
119;6 H9i6
Str. G’d Mid 119m 119m 119m Whe 111^10
Midd-’g Fail- 12 >m 1 ~°16 12°16 129m 12916
Fair
I3im 13im 13im 135lfi 13Di6
.
Wed
Wed
Frl.
Th.
73s
818
913
73s
818
913
73s
8*e
9^s
mon. Tnefl
Sat.
738
8is
913
738
818
913
95s
95s
9^8
95g
1038
103q
103s
103s
11
11
11916
11916 11916
Ifi
lH3m 1113,6
13°m
13om
Til.
135,
73s
7516
71o16
878
7i5m
8is
918
95g
1038
Sat.
Good Ordinary
Strict Good Ordinary
^ S).
Low Middling....
Middling.
7
8
7
8
89.6
85s
8^8
97e
915m 915m
6Hie
611,6
6H10
711.6
89,6
978
__
Frl.
Zilie
X“l6
8916
8°i6
97s
978
SPOT MARKET
CLOSED.
Sat
..
Mon
.
Firm at i16adv..
Dull and easier..
Tues. Easier
Wed Firm
.
Thurs Q’t&st’yatrev.q.
Fri.
Quiet
.
Total
ConSpec- Tran¬ Total.
sit. \
sump. uVVn
Ex-
port.
1,482
1,131
112
297
1,075
1,762
1,645
430
317
406
3,822
30!)
590
5.734
87
41
84
63
154
93
522
and
Pricks
of
Deliv¬
eries.
780
61,800
70,300
59,900
1,089
72,100
250 10,328 454.500
1,600
„
^
A
.
2,700 125,000
700 65,400
2,921
2,138
....
The daily deliveries given above are actually
vious to that on which they are reported.
The Sales
Sales.
300
200
300
300
300
200
250
delivered the day pre¬
Futures are shown by
the follow¬
ing comprehensive table. In this statement will be found
daily market, the prices of sales for each month each day,
the closing bids, in addition to the daily and total sales]
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‘Includes sales in September for September, 621,400; Sept.-Oct. for
Oct., 946,500; Sept.-Nov. for November, 762.100; Sept.-Dee. for Decem¬
ruary
Sept.-Jan. for January, 2,583,900; Sept.-Feb. for Feb¬
2,372,700; Sept.-March for March, 3,466,100; Sept.-April for
April, 2,595,800.
the
and
Monday, 10-65; Tuesday,
70; Friday, 10 80.
Transferable Orders—Saturday,
10-70;
10 65; Wednesday,10*70; Thursday, 10
The following
FUTURES.
TRANSIT.
:
ber, 1,464,500;
MARKET AND SALES.
SALES OF SPOT AND
•
80
OOO
Frl.
Th.
611,6
pkit-.p
■
OO©
h
8°16
93m
71!l6
££g
VJhH S
ill®
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7?m
mon Tues Wed
a*
C 80
so rtVrf
MO
jn^ie
STAINED.
P&P2.
I ©
woo
7%
Strict Or<L. 7%
Good Old.. 81316
Str. G’d Ord 9°16
Low Midd’g 10
Str. L’wMiS 10*2
Middling... 1034
Good Mid.. 1 15ig
Str. G’d Mid H®16
VI
OO
,
to
73s
7»ie
79m
7916
8%
8°16
8516
93 m
918
9316
93m
878
91116 01^16
93e
911m 911m 95s
93a
10916 109m
109l6 10913 103s
1031R 103m
1078
1013m 107e
1078
109m l09m 101316 10 78
11
1,1116 lHl6
lUie lUie
10ia16 10i316 11
115s
119m 115s 115s
1138
113Q
11916 1158
1178
1U316 1178 11 78
H78
115s
1158
Midd’g Fair 125i6 123a 1238 12?16 125s 125s 129m 125s 125g
133b
Fair
135m 133s
13im 1318 1318 1135m 1338 133s
Ordiu’y.^lb
P ® *
M M
uyi.
12?16 129m6
Wed
Frt.
Th.
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TEXAS.
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©
CD
total sales foot up this week
10,328 bales, including 8,822 for export, 5,734 for consumption >
522 for speculation and 250 in transit. Of the above, 280 bales
The following are the official quotations and
were to arrive.
sales for each day of the past week.
in on Tues
Sited
2
°
o
For immediate delivery the
Sat.
05
®6
®
oo cd
active.
NEW ORLEANS.
^
,_l©
CO
402.530
material decline, especially for this
UPLANDS.
® g
tv®
P 00 -® 9
.
124,496
10,297
10,768
under sales to realize prompted by depression at Liverpool
and favorable reports from the growing crop. In the course of
Tuesday and Wednesday, aided by steadier accounts from
Liverpool, local storms at the South, and a brisk demand for
cotton on the spot, there was a slight improvement in futures.
Thursday opened weak, but a revision of spot quotations, and
especially the advance of low grades, caused a steadier closing.
To-day this crop was active and buoyant, but favorable weather
caused the next crop to be neglected. Cotton on the spot was in
very good demand for export and home consumption; quotations
were advanced 1-I6c. on Saturday, and yesterday they were
revised and advanced. White ordinary and strict ordinary
advanced 3-16c.; good ordinary and strict good ordinary
advanced l-16c.; low middling advanced 3-16c.; strict low mid¬
dling and above advanced l-16c.; stained middling and low
middling advanced i-16c.; strict good ordinary and good ordi¬
nary advanced 5-16c. To-day the market was firm and fairly
Jlay 21 to
May 27.
s?i ggfl 9211 §2Ef
S»|l
2
w c
O
crop,
bales.
a
© •
00
which we eauuot learn.
speculation in futures has been only moderately active for
the week under review.
On Saturday the opening was quite
buoyant, but most of the early advance was lost at the close, and
The total sales for forward delivery
89
*<
tO
there are 1,000 bales at presses for foreign
Monday there was a
£3
p*
-i
ct-
The
on
P.
to
to
Total
03
m'®
D 03
*
16,266
1,700
2,689
New Orleans
i-j
_
OD © ® OD
£
►-.p
S
00
P Si
5*
on
00 3.
©
Shipboard, not cleared—for
581
CHRONICLE.
THE
1881.]
May 28,
exchanges have been made
•06 pd. to exch. 1,000 June for July.
300 Nov. for Dec. even.
•03 pd. to excli. 700 June for July.
•14 pd. to exch. 500 June for Aug.
during the week:
•03 pd. to exch.
s. n. 28th.
*14 pd. to exch.
500 June for May,
500 June for Aug
The Visible Supply of Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night (May 27), we add the item of exports
from the United States, including in it the exports of Friday only:
Stock at Liverpool
Stock at London
Total Great Britain
Stock at Havre
Stock at Marseilles
Stock at Barcelona
bales.
stock
1881.
1880.
1879.
1878.
930,000
598,000
46,800
767,000
49,300
866,000
12,000
976,800
221,000
3,800
816,300
67,100
4,500
640,500
121,000
2.750
C.500
31,600
45,700
47,750
46,000
42,500
878,000
233,000
582
THE CHRONICLE.
3881.
Stock
Stock
Stock
Stock
Stock
at Hamburg
at Bremen
at Amsterdam
at Rotterdam
at Antwerp
1880.
3,000
43,200
7.000
1879.
1878.
7.500
44.500
43.000
5.730
780
17.400
Stock at other conti’ntal ports.
820
3,000
27,500
38,000
2,000
6,500
10,900
14,170
9,250
6,500
20,000
Total continental ports....
374,710
198,180
257,750
436,750
50,900
•:
2,290
Total European stocks.. ..1,351,510 1,014,480
India cotton afloat for Europe. 291,000
3 IS.000
Amer’n cotton afloat for Eur’pe 402,000
379.000
Egypt, Brazil, <fcc.,aflt forE’r’pe
47,000
20.000
Stock in United States ports
489.897
423,045
Stock in U. S. interior ports...
75,940
78,111
United States exports to-day..
8,000
5,000
..
60,750
12.000
12.000
19.000
250.844
285.303
26.305
23,912
1,000
1.000
Total visible supply
2,668,347 2,237,636 1,791.399 2,0G2,965
above, the totals of American and other
descriptions are as follow?:
American—
Liverpool stock
707,000
514,000
473,000
668,000
Continental stocks
273.000
144,000
221,000
373,000
Americau afloat for Europe.... 402,000
379,000
303,000
227,000
United States stock
489.897
423,045
250.814
285.303
United States interior stocks..
75.940
78,111
26.305
23,912
United States exports to-day..
8,000
5,000
1,000
Of the
1,000
Total American
East Indian,Brazil, die.—
1,055,337 1,013,150 1,275,140 1,578,215
223.000
.
London stock
Continental stocks
India afloat for Europe
47,000
20,000
125,000
42,500
36,750
300,000
12,000
712,510
694.4S0
516.250
46,800
101.710
..
.
Egypt, Brazil, &c.,afloat....
Total East India, &o
Total American
294,000
253.000
49.300
54,180
318.000
..
..
..
The above totals show that the old interior
stocks have de¬
during the week 14,686 bales, and are to-night 2 171
bales less than at the same
creased
period last
the same towns have been 1,060 bales
last year.
Receipts
898,250 1,314,750
300.000
192,000
303,000
227.000
..1,955,837 :1,543,156 'L,275,149
193,000
12.000
63,750
192,000
19,000
484,750
Total visible supply
2,668,347 2,237,636 1,791,399 2,062.965
Prioe Mid. Upl., Liverpool—
5i°iad.
6HiQd.
6i316u.
63169.
[Vol. XXXII
from
the
year.
more
The
than the
Plantations.—The
receipts’
same
at
week
following table
is
prepared for the purpose of indicating the actual movement
each
week from the
plantations. Receipts at the outports are some¬
times misleading, as they are made
up more largely one
than another, at the expense of the interior stocks. We year
reach
therefore, a safer conclusion through a comparative
statement
like the following. In reply to frequent
inquiries we will add
that these figures, of course, do not include overland
receipts or
Southern consumption; they are
simply a statement of the
weekly movement from the plantations of that part of the
crop
which* finally reaches the market through the out-ports.
RECEIPTS FROM PLANTATIONS.
Week
ending—
Mar. 11
>1
18
a
25
15
22
II
29
lay
l»
•
6
13.....
14
20
14
27
1879.
1880.
78,490
64.368 140,126
49,611 103,200
53,419 93.690
47,393 78,514
60.202
....
April 1
tl
8
tl
Receipts at the Ports.
1881.
Stock at Interior Ports
1S79.
1830.
1881.
159,418 289,996 285,017
141,612 231,047 237,314
Rec'pts from, Plant'ns.
1879.
1830.
72,289
42,396
50,549
39,699
40,002 110.497
38,492 84,368
40,496 07,101
60.698
131,463 266,120 277,992
54,283
116,879 259,223 266,579
44,851 37,323 85,696 107,005 252,495 249,879 34,977
40,187 33,910 66.579 91,966 238,556 237,401 25,143
36,183 33,714 60,718 87,294 220,936 218,860 31,511
22,283 30,853 47,729 78,902 204,154 204,211 13,951
19,031 25,661 45,535 71,540 186,658 193,949 11,615
19,897 24,636 49,150 59,249 176,157 175.316
7,600
16,673 26,514 42,415 51,429 161,455 158,248
8,853
17.113 23.764 36.851 42.108 143,241 132.471
7,882
1881.'
51,085 130,597
30,595
24,971
19,094
14,070
8,165
14,135
Ji,812
5,550
68,996
54,101
42,177
33,080
35,273
30,517
25,347
11,074
The above statement
shows—
figures indicate an increase in the cotton in sight
1. That the total receipts from the plantations since
Sept. 1 in
to-night of 430,711 bales as compared with the same date of 1880, 1880-81 were
5,624,799
in 1879-80 were 4,875,382 bales; in
an increase of 876,948 bales as
compared with 1879 and an in¬ 1878-79 were 4,426,267 bales;
bales.
crease of 605,382 bales as
compared with 1878.
2.
That,
although
the
In the preceding visible supply table we have heretofore
receipts at the out-ports the past week
only were 36,851 bales, the actual movement
from plantations was
included the interior stocks at the seven
original interior towns.
As we did not have the record of the new interior towns for the only 11,074 bales, the balance being taken from the stocks at the
interior ports. Last year the
four years, we could not make a comparison in
receipts from the plantations for
any other way. tiie same week were 5,550 bales
and for 1879 they were 7,882
That difficulty no longer exists, and we therefore make the fol¬
bales.
lowing comparison, which includes the stocks at the nineteen
Weather Reports by Telegraph.—The weather the
towns given weekly in our table of interior stocks instead of
past
only
the old seven towns. We shall continue this double statement for week has been favorable for
the development of the crop in a
a time, but finally shall
simply substitute the nineteen towns for large portion of the cotton States, but in some districts
there are
tile seven towrns in the preceding table
complaints
of
too
much
rain,
in
others
of
too
and
little.
In the
American—
1881.
1880.
1879.
1878.
Liverpool stock
bales 707,000
514,000
Southwest,
and especially in Upper Texas, parts of Louisiana,
473,000
668.000
Continental stocks
273.000
144,000
221,000
373,000 &c., rains have been
American afloat to Europe.... 402.000
379.000
heavy and grass is becoming troublesome
303,000
227,000
United States stock
489.897
423,045
250,844
285.303
Galveston,
Texas.—It
has been showery on two days the
United States interior stocks.. 132.471
past
143.241
42,198
39,025
United States exports to-day..
8,000
week,
with
a
rainfall
of
5,000
1,000
eighty-six hundredths of an inch.
1,000
Prospects are fair, though many sections complain of excessive
Total American
2 ,012,368 1,608,286 :
L,291,042 1,593,328
East Indian, Brazil, dc.rain, grass and scarcity of labor. In the lower half of the
Iiverpool stock
223,000
253,000
3 25,000
198,000
State, corn is tasseling and cotton is beginning to bloom. The
London stock
46,800
49,300
42.500
12,000
101,710
thermometer has averaged 79, ranging from 66 to 88.
54,180
36,750
63,750
294,000
318,000
300,000
192,000
Indianola, Texas.—We have had a shower on one day the
47,000
20,000
12,000
19,000
past week, the rainfall reaching fifty-eight hundredths of an
712.510
694,480
516,250
inch. Crops are doing well
484,750
Total American
enough. Average thermometer 79,
2,012,368 1,608,286 1,291,042 1,593,328
highest 89 and lowest 66.
Total visible supply
2,724,878 2,302,766 1,807,292 2,078.078
Corsicana, Texas. —We have had rain on four days the
The imports into Continental ports this week have been
past week, the hardest for years. The rainfall reached seven
inches and eighty-three hundredths. No serious
24,000 bales.
damage has
been done, but much damage is feared unless
These figures indicate an increase in the cotton in
dry weather ensues,
sight to* as work is
suspended and weeds are growing so fast that they
night of 422,112 bales as compared with the same date of 1880, an
are
increase of 917,586 bales as compared with the
troublesome. The thermometer has ranged from
becoming
date of 1879 and an increase of 646,800 bales as corresponding 61 to 93, averaging 76.
compared with
Dallas, Texas.—It has rained hard on three
1878.
days the past
week, interrupting wheat harvest and other work. ‘The rain¬
At the Interior Ports the movement—that is the
receipts fall reached two inches and fifty-five hundredths. There is
and shipments for the week, and stocks
to-night, and for the about twenty-five per cent decrease in wheat acreage and the
corresponding week of 1880—is set out in detail in the following yield promises to be about
twenty bushels per acre. Dry
statement:
weather is wanted ; grass is
growing, and labor is scarce, com¬
manding one dollar and a half per day, and rations. The ther¬
Week ending Mag 27, ’81.
Week ending May 28, ’80.
mometer has averaged 75,
ranging from 60 to 93.
Brenham, Texas.—It has rained hard on three days the past
Receipts. Sliipm'ts Stock.
Receipts. Sliipm'ts Stock.
week, the rainfall reaching three inches and
twenty-five hun¬
dredths.
Accounts from the interior are
267
Augusta, Ga
1,526
11,329
373
1.497
11,027
conflicting,
but on the
Columbus, Ga...
150
black
lands
weeds are growing so fast that
1,141
5,57‘J
75
389
6,859
they
"are
becoming
51
Macon, Ga
257
15
5,007
238
A few cotton blooms are
1,474 troublesome.
176
reported.
Montgom’ry, Ala.
539
Average
4,119 }
138
263
5,271 thermometer 77, highest 92
Selma, Ala
133
and lowest 64.
465
The above
i...
-
217
538
3,468 i
38,014 1
8,427 |
147
12,419
1,580
1,039
8,056
394
438
Total,old ports..
3,241
17,927
75,910
!
2,181
11,078
Dallas, Texas.
Jefferson, Tex...
Shreveport, La..
Vicksburg, Miss.
Columbus, Miss..
Eufaula, Ala....
Griffin, Ga
Atlanta, Ga
Borne, Ga
Charlotte, N. C*.
46
79
395
493
40
217
897
2,870
86
810
DO
774
80
343
1,165
151
6
12
171
238
10,146
102
983
262
635
200
69
1,614
23.758
10,215
475
1,314
4,519
Memphis, Ten n..
Nashville, Tenn.
1,926
..
185
15
122
162
212
2,112
1,127
4,064 i
1,310
536
709
240
1,473
34
....
3
281
20
'
557
693
St. Louis. Mo
3,822
Cincinnati, O
9,372
9.076
10,520
14,943
26,031
56,531
7,137
16,454
18,184
43,951
132,471
9.318
27,532
Total,
new ports
Total, all
This year’s figures estimated.
5,096
6,043
1,632
42,694
9,154
Waco, Texas.—It lias rained hard on three
days the past
week, the rainfall reaching two inches and
seventy-five
hun¬
dredths. Probably no serious
damage has been done, but we
78,111 are
having too much rain. The thermometer has ranged from
62 to 90, averaging 75.
512
150
New Orleans, Louisiana.—We have had rain on five
days
2,115 the past week, the rainfall
reaching three inches and seventy685
six-hundredths. The thermometer has
306
averaged 77.
1,961
Shreveport, Louisiana.—It rained on the first two days, but
989
has been fair the balance of the week.
The rainfall reached
7,788
one inch and seventeen hundredths.
2,753
Average thermometer 78,
897
highest 90 and lowest 66.
r
40,953
Vicksburg,
have
Mississippi.—We
had rain on two days
6.016
the past week, and the balance of the week has
been pleasant.
Weeds are growing so fast that
65,130
they are becoming troublesome.
Columbus■, Mississippi.—It has rained on four days the past
143 241
week, the rainfall reaching two inches and eight hundredths.
Crops
are grassy.
Mat 28,
THE
1881.]
CHRONICLE.
Arkansas—Five days of the past week have
cloudy, with rain on four days, and the remainder of the
week has been fair to clear. The rainfall reached one inch and
Little Rock,
be-n
sixty-three hundredths.
62 to 81, averaging G9.
The thermometer has ranged from
..
Nashville, Tennessee.—We have had ram on five days the
mst week, with a rainfall of one inch and eighty-eight hun¬
dredths. The thermometer has averaged 71, ranging* from 54
t0Mobile, Alabama.—It has been showery on two days the past
week, and’ the balance of the week has been pleasant. The rain¬
fall reached six-hundredths of an inch. The crop is developing
in
Broach, 5-16d. to %d. in other sorts of Surats, and 3-16d. to
/4d. in Bengal.
The following is an account of the
principal fluctuations in
the prices of middling
upland on the spot and for forward
delivery during the past month :
-
Apl.
day the past week and the rest of the week has been pleasant
rainfall reached but nine hundredths of an
is developing promisingly. The thermometer
60 to 89, averaging 75.
Selma, Alabama.—It has raine<Tslightly on two days the past
week, and the balance of the week has been pleasant. The rain¬
fall reached twenty-six hundredths of an inch. The crop is de¬
veloping promisingly and the fields are clear of weeds. The
thermometer has ranged from 61 to 92, averaging 77.
Madison, Florida.—We had rain on one day the early part
of the past week, but not enough to do much good.
The latter
portion of the week has been clear and pleasant. The days have
been warm but the nights have been cold. The thermometer
has averaged 79, ranging from 68 to 90.
Macon, Georgia.—We have had rain on one day the past
week. We are now needing rain badly. Average thermometer
72, highest 84 and lowest 59.
Columbus, Georgia.—We have had no rain during the past
week. The days have been warm but the nights have been
cold. Average thermometer 80, highest 90 and lowest 62.
Savannah, Georgia.—We have had rain the past week but
not enough to do much good, The week has been
dry and cool.
Average thermometer 73, highest 82 and lowest 61.
Augusta, Georgia.—The weather has been pleasant but dry
during the past week, the rainfall being but seven hundredths
of an inch. We have secured a good stand of cotton. The
crop
is developing promisingly. Accounts are
generally very favor¬
able, except that, points where soil is light want rain, as cotton
has failed to come up. The thermometer has
ranged from 62 to
89, averaging 75.
Charleston, South Carolina.—We have had no rain
during
the
past week. The thermometer has ranged from 63 to 90,
averaging 73.
The following statement we have also received
by telegraph,
showing the height of the rivers at the points named at 3 o’clock
May 26,1881, and May 27, 1880.
May 26, ’81. May 27, ’80.
.Below high-water mark
.Above low-water mark...
Above low-water, mark...
Above low-water mark...
Above low-water mark...
..
Feet.
Inch.
2
22
4
19
4
40
Feet. Inch.
3
14
4
10
29
7
4
6
7
New Orleans
2
11
9
6
8
reported below high-water mark of 1871 until
Sept. 9,1874, when the zero of gauge was changed to high-water
mark of
April 15 and 16,1874, which
is
6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
Apr.- May- June- July- Aug.- Sept.- Otl
Spot. May. June. July. Auy. Scpt. Oct. Nov.
9
22
27
“
“
May.
6*18
3
5
10
Our last report was issued on the 9th
ult. The market was
firm and had just advanced 3^d. to
3-16d. ujxm previous low
rates. Since then the tone has been
quiet, with
a
moderate
demand, freely supplied. Up to Tuesday last (May 3) the ten*
dency of prices, with slight fluctuations, was downwards, and
the rates current on that
day showed a decline of 5-16d. for
quotations of
on the
sput
I
lay deliveries. During the interval the
market was
adversely influenced by the continued heavy move¬
ment at the American
ports, the rapid increase in the stock
here, and the fear that financial difficulties would be
experienced
in connection
with May deliveries, in which it was known
that
an
unprecedentedly large business had been done. The low
prices induced spinners to
operate more freely, especially as in
manj^ instances the mill stocks had been reduced to a bare
working compass. The result was an increased business on
Wednesday and Thursday, and a recovery of fully l-16d., and
occasionally %d. per lb. Moreover, confidence was strengthened
•by the fact that the
1.
57e
COURSE OF THE MANCHESTER
673J
6*32
6*8
6*16
6332
6310
6132
0*8
^l32
Olol6 578
53132 51&16
MARKET, APRIL 9
TO
MAY
9.
There was a good business
doing at the date of our last
report, and prices were slightly higher than the rates current
a
week or ten days previous. Since then
the tone has been
quietly steady. The demand has been less active
the
past fortnight than it was earlier in the month, during
but a fair
amount of business has been
put through, and producers are
well engaged on forward contracts. Prices
have latterly given
way, in sympathy with the fall in the raw
material, and the
present rates are about %d. to %d. per lb. in the medium
descriptions of yarn, and l^d. to 3d. per piece in the most
current makes of
shirtings, lower than those of a month since.
MOVEMENTS DURING THE SEASON, OCT. 1 TO APRIL
30.
The deliveries to English and Continental
spinners
during
the first seven months of the season
compare as follows with the
figures for the corresponding period of last season:
Great Britain.
1880-81.
No. of bales..
Av.wglit (lbs)
Tot.wgbt(lbs)
Bales of 400
lbs
Continent.
1879-80.
1,876,390
453
1830-81.
1,823,710
820,669,500
2,125,000
2,052,000
1879-30.
1,677,020
450
850,004,070
435
729,503,700
1,613,720
432
697,127,040
1,824,000
1,743,000
Two months ago we said that “ It is
always difficult to ascer¬
tain the correct rate of
consumption. The above estimates
look large, but our impression is that
they are too small.” We
are now satisfied that our estimates both
for Great Britain and
for the Continent for the first part of the
season were too small
by about 1,000 bales of 400 lbs. per week. We have therefore
added 26,000 bales to the
aggregate figures given in
report—thereby raising the English total
instead of 1,753,000, and the Continental
instead of 1,389,000.
our
last
to 1,779,000
to
bales,
1,415,000 bales,
For the past four weeks we estimate the
consumption of Great Britain at 69,000 bales of 400 lbs. (equal to
61,000 of 450 lbs.) per week, or 276,000 bales for the
month, and
that of the Continent at 55,000 bales of 400 lbs.
(or barely 49,000
of 450 lbs.) per week, or 220,000 for the month
; making for
seven months 2,055,000 for Great Britain and
1,635,000 for the
Continent,
On the basis of the foregoing
estimates, the movements for
the seven months of this season and last
compare as follows in
bales of the
uniform weight of 400 lbs.:
Ellison & Co.’s Circular for May.—-We have this week
received Mr. Ellison’s circular dated
May 10, and we give it
below:
COURSE OF THE LIVERPOOL
MARKET, APRIL 9 TO MAY 10.
0332
G&32
53*32
51516 5l516 53132 6*16
53*
527So
53732 5293;
53*
52132 52332
f716
578
578
Nod.Dec.
52932 53I30 52932 52732 51316
6
6332 53132 578
52732
313t« 529H2 513,0 52332 511|«
Showing a net decline of 13-32d. to 7-16d. for this crop and
9-32d. to ll-32d; for the next.
“
“
and warm, The
inch. The crop
has ranged from
583a
Great Britain.
1880-81.
Surplus stock, Oot. 1
27,000
Deliveries to April 30
Supply
seven months..
Surplus stock April 30
27,000
1880-81.
137,000
1879-80.
94,000
2,125,000 2,052,000 1,324,000 1,743,000
*...
Consumption,
1879-80.
Continent.
2,152,000 2,079,000 1,961,000 1,837,000
2,055,000 1,909,000 1,635,000 1,565,000
97,000
170,000
326,000
272,000
During the seven months the exports of cotton goods from
Great Britain reached the large total of
2,784,000,000 yards this
season, against 2,409,000,000 yards last season; and the
exporfe
of yarn 141,000,000
increase of
lbs., against 126,000,000 lbs.; showing an
per cent in piece goods and about 12 per
It should be borne in mind, however, that the
over
15
cent in yarn.
stocks in first hands were almost exhausted at the
commence¬
ment of 1879-80, whereas they had attained their
ordinary,
magnitude at the opening of 1880-81.In other words, the
shipments this season include more goods and yarn taken out.
of stock in existence or in process at the end of
September than
were available at the
opening of last season. The percentage
of increase in the shipments of
yarns and goods is larger,
therefore, than that of the increase in the consumption of
May deliveries were going through the
any hitch. There was no general cotton.
in
sustained improvement, however,and
PROSPECTS.
a quieter
feeling
ruled on Friday and Saturday—spot prices
At
the
ceased to harden
moment, the market is being depressed by a combina¬
and futures re-acted l-16d.
per lb.
Yesterday tion of adverse circumstances. The large anticipatory business
was *ncrease<l
weakness, spots lost l-16d. and futures done months
ago by spinners and speculators is now being
f’™*
3-64d. thereby bringing prices back to the low
rate liquidated, and as an
touciied on the 3rd inst.
important decline in prices has taken
the depression has been place during the interval, the
ntensihed by the failure of To-day
process of liquidation is to many
a large Continental
firm, having a very unpleasant operation. The fact of so considerable
nouses m
an
Amsterdam, London and Liverpool, and prices have anticipatory business
having been done, necessarily diminishes
House without
Rearing
belief
any immediate
futures3^ ^urfc^er
mSnlParec*,
the
q rations show
for
Per
for spots and l-16d. to 3-32d.
the current demand ; the rate of consumption is
unprecedent¬
edly large, but the rate of buying is comparatively small,
rates current a month since, the spot owing to the extensive deliveries
being made to spinners out of
a decline of
%d. to 7-16d. in the lower and previous imports and other
speculative purchases. This dimi¬
*/aT
'v7e.
grades
of
better
American; %d. to %d. in Brazil; nution in the
to /2d. in
brown, and %d, to %d. in white, Egyptian; ^d. as it occurs spot demand is the more potent in its influence,
simultaneously with an increased and increasing
THE
584
CHRONICLE.
surroundings of the market were
not already gloomy and dispiriting enough, exaggerated esti¬
mates of the new American crop are already being industriously
Then, as if the entire
stock.
promulgated.
A very similar state of
the shipments from Calcutta, Madras,
Carwar, &c.,
enable us, in connection with our previously-received report from
things existed twelve
the lowest prices being touched in May. There
was the same talk of impending financial troubles amongst
speculators ; the same conviotion that a further serious decline
in values was at hand; the same desponding view of the future.
But by and by everything changed; and so it will be this
year. It is true that there is mach more cotton in sight this
year than last; but the rate of consumption is much larger,
while prices are Id. to l%d. in the lower and %d. to %d. in the
medium qualities of American below the lowest rates of last
year, which were touched on the 11th May, and, for most posi¬
tions, again at the end of that month.
months ago,
Tuticorin,
Bombay, to furnish our readers with a full and complete India
movement for each week. We first give the Bombay statement
for the week and year, bringing the figures down to May 26.
Jute Butts, Bagging, &c.—Bagging has not been taken
except in small lots, but the market is steady, and sellers
not shade quotations, which are 9%c. for 1/4 lbs., 10@10^4c. for
2 lbs. and 10%@Uc. for standard gardes.
The sales are about
600 rolls, all grades.
Butts continue to move, and the market
will
is very
firm.
BOMBAY
Year
Monthly
Receipts.
1880.
Sept’mb’r
October..
Novemb’r
Decemb’r
January
February.
.
March...
April....
458,478
968,318
1,006,501
1,020,802
571,701
572,728
476,582
284,216
333,643
888,492
942,272
956,464
647,140
447,918
261,913
159,025
1876.
779,237
893,661
618,727
566,824
303,955
167,459
98,491
578,533
822,493
900,119
689,610
472,054
340,525
197,965
236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,191
1875.
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
3,921,275
Total year 5,359,356 4,633,867 4,307,978 4,099,790 3,831,786
Pero’tage of tot. port
reoeipts April 30..
92-74
This statement shows
that
94-34
96*86
up
91-96
the
ports this year were 720,489 bales more than in 1879-80 and
1,051,378 bales more than at the same time in 1878-79. By adding
to the above totals to April 30 the daily receipts since that time,
shall be able to reach an exact comparison of the movement
for the different years.
1881.
1880.
1878.
1879.
1877.
1876.
3,921,275
Tot.Ap.30 5,359,356 4,633,867 4,307,973 4,099,790 3,834,786
8.
May 1....
'
44
2....
11,062
-
3....
7,496
“
4....
7,317
4,854
6,798
6,174
-
5....
44
6....
«
7....
44
8....
8.
44
9....
4410....
10,882
8,079
4411....
5,541
44
12...
7,036
44
13....
44
14....
11,438
5,214
44
15....
44
16....
44
17....
8.
44
18....
9,045
8,681
6,311
44
19....
5.199
3,391
8.
4,612
4,633
4,696
4,017
4,282
4,366
8.
7,180
2,430
4,197
3,573
2,890
3,150
8.
7,965
6,630
3,368
5,658.
2,612
7,026
5.096
8.
4,324
3,390
1,771
3,619
4,803
3,232
2,607
2,703
2,718
8.
24....
5,583
5,9*1
44
25....
1,999
4,913
2,643
3,913
3,259
8.
22....
*
10,770
44
26....
6,644
5,068
44
27....
6,592
2,784
8.
8.
3,998
4,211
3,161
23....
21....
5,164
4,062
3,851
4,257
4,886
2,925
8.
44
44
20....
8.
4,854
3,936
2,726
2,439
2,621
1,953
44
44
2,707
7,161
2,032
2,455
4,074
4,097
2,759
1,541
1,484
2,733
44
4,145
2,575
6,454
8.
4,140
<
8.
2,696
2,915
2,129
5,149
3,058
8.
4,072
2,013
3,561
1,675
4,512
2,032
8.
5,243
4,187
2,435
1,794
3,575
2,489
8.
4,167
2,644
2,075
2,895
3,634
1,304
8.
2,927
2,756
894
1,843
2,385
1,171
8.
3,097
3,551
4,906
3,098
4,761
4,69 4
4,642
3,478
3,594
2,882
8.
6,189
2,786
2,902
2,039
3,841
1,775
■
Since
Jan. 1.
570,000 43.000
605,000 62.000
840,000
852,000
418,000 35,000
554,000 35,00o
623,000
693,000
2,779
2,285
1,519
of previous receipts of 4,832 bales added.
Shipments since January 1.
11,000
15.000
2,000
4,000
6.000
2,000
9,000
Conti¬
nent.
Total.
156,000
52,6*00
104,000*
208,666
69,000
15,000
37,000
173,000
52,000
Great
Britain.
Total.
nent.
7,6*00
1880
1879
1878
'
have omitted from the above table
(Calcutta, Madras, &c.,) this year’s weekly figures, as we found there
were inaccuracies in them as cabled to us.
We are, however, making
new arrangements, under which we hope not only to prevent errors, but
also to greatly improve this feature of our report.
The above totals for this week show that the movement from'
the ports other than Bombay is
than for the
bales
For tlie
past few weeks we
therefore, the total
since
shipments this week and
January 1,1881, and for the cor¬
responding weeks and periods of the two previous years, are as
For the whole of India,
week last year.
follows.
EXPORTS TO EUROPE
FROM ALL INDIA.
alt Europe
to
from—
Bombay
This
Since
week.
Jan. 1.
605,000
41,000
208,000
15,000
418,000’
173,000-
813,000
56,000
591,000-
This
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
56,000
570,000
61,000
11,000
56,000
570,000
72,000
All other p’rts.
Total
1879.
1880.
1881.
Shipments
,
This last statement affords a very interesting comparison of thetotal movement for the week ending May 26, and for the three
years np
to date, at all India ports.
Alexandria Receipts and
Shipments.—Through arrangements
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 receipt*
and shipments for the past week and for the coi responding week
of the previous two years.
we
have made with Messrs.
Alexandria, Egypt,
May 26.
1,300
3,201,000
5.000
This week....
Since Sept. 1
2.752,000
Since
This
week.
Exports (bales)— To Liverpool
To Continent
Total Europe
1879.
1880.
1831.
Receipt* (oantars*)—
Sept. 1.
This
week.
3,000
*
1,583,000
Since
This
week.
Since
Sept. 1.
Sept. 1.
3,000 167,000
1,000 230,750
139,632
3 000 236,000
1,200 171,744
76,500
1,000 370,382
4,200 457,744
3,000 243,500
A cantar is J98 lbs.
This statement shows
*
ending
that the receipts for the week
May 26 were 5,000 cantars and the shipments to all
were
Europe
1,000 bales.
Manchester Market.—Oar report received from Manchester
to-night states that prices for twists and shirtings are unchanged
and that the market is barely steady.
We give the prices of
to-day below, and leave previous weeks’ prices for comparison:
1880.
1881.
4,394
2,427
3,856
This statement shows that the receipts since Sept. 1 up to
to-night are now 796,203 bales more than they were to the same
day of the month in 1880 and 1,147,618 bales more than they were
to the same day of the month in 1879. We add to the table
the percentages of total port receipts which had been received to
May 27 in each of the years named.
India Cotton Movement from all Ports.—The figures which
Are now collected for us; and forwarded by cable each Friday, of
..1
IRftI
Conti¬
Great
Britain.
8.
.
A correction
Year.
8.
7,008
2,484
Total
5,530,131 4,733,928 4,382,513 4,185,014 3,896,997 4,006,262
Percentage of total
95-59
96-50
9854
94-64
96-30
port rec’pte May 27
*
Total.
RANGOON AND KURRACHEE.
Shipments this week.
93-56
to April 30 the receipts at
nent.
TUTICORIN, CARWAR,
CALCUTTA, MADRAS,
same
288,848
689,261
Britain
foregoing, Bombay appears to show a
compared with last year in the week’s receipts of 19,009
bales, and a decrease in shipments of 15,000 bales, and the
shipments since January 1 show a decrease of 35,000 bales.
The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
the same week and years has been as follows.
follows:
1877.
Receipts.
This
Week.
According to the
of 3,000 bales at full
sellers quoting at 21 1-16@
for spinning grades.
1878.
Conti¬
decrease
Beginning September 1.
1879.
Great
1880 15,000 46,000 61,000 264.000 341.000
1879 18,000 23,000 41,000 183,000 235,000
1878 4,000 30,000 34,000 230.000 32 4,000
Receipts and Daily
September 1 has been as
Total.
FOUR YEARS.
Shipments since Jan. 1.
week.
1881 20,000 36,000 56,000 199,000 371.000
comparison of the port
since
Great Conti¬
Brit'n. nent.
Year
Crop Movement.—
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 tne data for seeing the exact relative
movement for the years named. The movement each month
Comparative Port
A
RECEIPTS AND SHIPMENTS FOR
Shipments this
There have been! sales
figures, and the market closes with
2%c. for paper quality and 2%@3c.
[Vol. XXXII'
32s Cop.
814 lbs.
Cott'n
Mid.
heist.
Shirtings.
Upld*
*
Mar 25
Apr. 1
44
8
44
15
22
29
44
if
Mar 6
44
13
u
20
44
27
950
Mid.
Shirtings.
4. s.
d.
9 ® 97e 6
9 ® 97« 6
9 ® 97g (>
9 ® 97b
83i®
8 Va
85s®
830®
838®
85s®
CotVn
814 lbs
32s Cop.
Twist.
6
9L> 6
9L> 6
9L* 6
9^ 6
9*0 6
d.
s.
7Lj®7
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9
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7
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The Exports of Cotton from New
decrease, as compared with last week,
d.
8.
4*3®8
4!*®8
4**®8
li*®8
0
@8
d.
3
3
3
0
0
10i*®7 101*
9 ®7
7!*®7
9 ®7
7!*®7
9
7i*
9
71*
d.
7%
7*4
7
6l5i«
613ie
G7a
6nie
61316
G11^
York this week show a
11,888
asual
their
exports
the total reaching
bales, against 13,093 bales last week. Below we give our
table showing the exports of cotton from New York, and
direction, for each of the last four weeks; also the total
ajid direction since September 1, 1SS0, and in the last column
the total for the same period of the previous year:
THE
Exports of
Cotton (bales) fbom
New York since Sept. 1.1880.
May
May
May
May
Total
since
11.
18.
25.
Sept. 1.
4.
r*T
6,301
7,799
450
ports
Other British
Total to Great
Havre
Other French
Britain
and Hanover
8,130
836
89
715
263
Total to North.
Europe
31,912
1,489
Cotton
Liverpool, steam d.
Do
23,051
Do
*33,401
23,051
250
200
815
1,034
95
36,628
32
100
19,003
2,825
4,671
3,566
2,101
391058
32,587
18,975
13,291
Hamburg, steam.(J.
3,275
5,519
4,700
2,196
94,689
64,853
Amst’d’m, steam.c.
1,600
••••••
••••••
3,406
3,648
3,781
Bremen, steam,
sail....
Do
sail...tf.
Baltic, steam
Do
&e
Total Spain,
1,600
i
12,449 14,134 13,093 11.888 479,538 481,182
Grand Total
The Following are thb Receipts of Cotton at New York,
Boston, Philadelphia and Baltimore for the past week, and
sail
c.
....
....
*2
*2
....
....
....
New York.
Receipts
from—
This
Since
week. Sept.
N. Orl’ans
Texas....
Savannah
“’2
This
week.
4.875
241
North, pts
3,978 162,396
557
3,997
*
This year. 11,389
Philadelphia.
Since
This
Since
Sept. 1. week. Sept. 1.
419
4,849
541 '140,636
154; 40,320
666 218,333
Virginia..
Foreign..
1.
2,104; 153,906
1,512 100,574
1,8511225,537
Mobile...
Florida..
S.Car’lina
N.Car’lina
Tenn., <xo.
Boston.
7,220
3,391
26,195
8,205
2,402
Baltimore.
This
week.
Since
Sept. 1.
3,213
i"oo 22,962 1,434 56,506
*43
1,302 6L,539
2,813 156,021
1,032 115,218
33
18,721
19,220
665
91,902
1,921
36,926
132
2,534 52,227
129
1
5,649 390,310
2,634 78,403
Last year. 13,904
t
583 83.594
5,708 402,028
2,529 175.038
News.—The exports of cotton from the
as per
Total hales.
New York—To
...
pUl
Liverpool,
per
steamers Aleppo, 500
Baltic,
37
95
100
2,001
3,221....
Asturiano, 4,250....St. Louis, 2,883....per skip Bombay.
1,950
12,304
To Bremen, per ships Friedriok, 5,631
Margarethe, 3,838 9,519
To Reval, per ship Ankathor, 2,823
2.823
To Cronstadc, per bark Frelrik, 1,200
1,200
To Helsiugfors, per bark Fredrik, 1,300
1,300
To Genoa, per bark Emilia T, 2,266.
2,266
To Salerno, per nark Generoso, 1,402
1,402
Te Trieste, per bark Mariuccia Guida, 2,248
2,249
To Vera Cruz, per steamers City of Merida, 750
Whitney,
563
1,313
Savannah—To Barcelona, per bark Neptune, 549 Upland
549
Texas—To Liverpool, per ship James Duncan, 2,397
per
barks Kosmopoliet III., 4,122
Nadia, 2,093
8,612
To Havre, per barkentine T. S. B., 1,136
1,136
Norfolk—To Reval, per bark Jacob Aall, 1,900
1,900
Baltimore—To Liverpool, per steamer Hibernian, 1,715
1,715
To Bremen, per steamer Hermann, 1,475
1,475
Boston—To Liverpool, per steamers Batavia, 675
Flavian,
307
Glamorgan, 81
1,063
Philadelphia—To Liverpool, per steamer British Crown, 2,040.
2,040
Liverpool,
per
The
form,
particulars of these shipments, arranged in
are as
our
Liver-
pool.
9,655
N. Orleans. 12,304
Savannah
Texas
8,612
Norfolk
Baltimore..
Boston
Philadelp’a
Francisco
37
men.
95
9,519
Helsing- SalVera
fors. emo. Trieste. Cruz.
2,001
5,323
2,248.1,313
1,900
1,715
1,063
2,040
85
1,475
.
..
.
*2
....
•
•
•
0
516
518
516
5I6
B1S
B1S
932®19g4 932®1964 932®1904 932<*1964 932®1964 939® 19S4
May 13.
May 20.
May 27.
55,000
3,600
3,400
63,000
5,500
47,000
6,800
53.000
14.500
974,000
746,000
63,000
4,700
3,900
50,000
5,600
9,000
10,000
5,300
17.500
930,000
707,000
983,000
253,000
755,000
85,000
68,000
224,000
147,000
118.000
43,000
37.500
(26,500
14.500
239,000
119,000
The tone of the Liverpool market for spots
and futures each day of the
ending May 27, and the daily closing prioes of spot cotton, have
week
been as follows:
Saturday Monday.
Market,
\
$
£
5
51Bl«
51Bi«
6
6
—
Sales
Spec.<fe
Thursday.
Firm.
Steady.
Mod.
Harden’g. Harden’g.
Mid. Upl’ds
Mid. Orl’ns
Market.
5 P. M.
Wednes.
Tuesday.
10,000
1,000
exp.
inq.
freely
supplied.
5lBie
5i516
6
—
Friday.
Mod.
T1*
6
—
—
10,000
1,000
12,000
1,000
12,000
1,000
inq.
freely
supplied.
51518
6
10.000
10,000
1,000
1,000
Futures.
Market,
?
5
Firm.
Dull.
Dull.
Dull.
Dull.
and
Dull.
steady.
The aotual sales of futures at Liverpool for the same week are given
below. These sales are on the basis of Uplands, Low Middling olause,
unless otherwise stated.
BATURDAY.
d.
53i32
May-June
53i;12
June-July.. 6 ® 53132 a» 6
July-Aug
6ii«
Aug.-Sept
6033
Delivery.
May
d.
Delivery.
Sept.-Oct...
.53132
«-52332
Nov.-Dee...
Jan.-Feb
T“
May
Delivery.
May-June.
July-Aug
Aug.-Sept
Sept.-Oct
d.
...
....6
..
..6Sia
....6
Monday.
May
6
Sept.-Oct
May-June
June-July
July-Aug
Aug.-Sept..
6
6
Oct.-Nov
Oct.-Nov
Nov.-Dee
6
6
6
Sept.-Got
..
May
May-June
June-July
July-Aug
53132 ! Aug.-Sept
513,
51316 May
52832 May-June
.61 is June-July
66*3
53I33
53*
Sept.-Oct
June-July
May
53i32
Oct.-Nov
53i32
53i3J
53isl
52^32
a
6ii6®339 July-Aug.
6032®3i6
53i3*
5318j
Tuesday.
6
5i316
Oct.-Nov
Nov.-Dee
June-July
6
Sept.-Oct
61,833
Aug.-Sept
6632
usua1
June-July
Wednesday.
Oet.-Nov
Nov.-Dee
....5%
Thursday.
53132 July-Aug
52532 Oot.-Nov
Nov.-Deo
Friday.
Aug.-Sept.. ..'
Sept.-Oct
June-July..
6
6532 July-Aug
53132 July-Aug
Oct.-Nov
5i316
May-June
53i32 May
Aug.-Sept
53i32 May-June
June-July
Gha
Sept.-Oct
6i32
Nov.-Dee
6*8
5i516
—
....5151(,
51Bia
....5%J
Total.
34,375
9,748
1,900
3,190
1,063
2,040
85
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
Enocti Train, ship, from New Orleans for Liverpool, before reported
beached at Havana in a sinking condition, having been ashore on
the Tortugas, will be condemned, as the divers report that she
cannot be repaired. The sound portion of her cargo will be for¬
....
6
Total... 35.474 1.173 11.089 9,224 3,668 2,248 1,313 64,838
Included in the above totals arc, from New York to Antwerp, 100
bales; and from Savannah te Barcelona, 549 bales.
warded to destination.
....
>2
....
BREADSTUFFS.
549
1,136
....
*2
June-July
11,888
3,66S
....
>2
6iie
July-Aug
Aug.-Sept.. ..6316®53a
Sept.-Oct
53132
Reval,
Bre-
Havre,
....
6
6
Cron- Genoa
stadt<& and
New York..
*2
May
May-June
follows:
,
*2
Aug.-Sept
85
Total
....
*2
May-June
ship General McClellan, 85
(foreign).
716'®12
*2
6iie
6“32
.
8an Francisco—Tc
7ie'd12
•
Sales of the week
bales.
54,000
Of which exporters took ....
3,800
Of which speculators took..
3,100
Sales American
45,000
Actual export
6,500
Forwarded
20,000
Total stock—Estimated
1,000,000
Of which American—Estlm’d
767,000
Total import of the week
70,000
Of which American
65,000
Amount afloat
253,000
Of which American
143,000
5 P. M.
WCWA XWUJ CM
To Havre, per steamer Pereire, 37
To Bremen, per steamer Main, 95
To Antwerp, per steamer Daniel Steinmann, 100
To Reval, per bark Rosenius, 2,001
New Orleans—To Liverpool, per steamers Andean,
•
....
May 6.
12:30 p.m
United
week,
latest mail returns, have reached
♦4,838 bales.
So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chronicle last Friday. With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week:
Shipping
States the past
•
Liverpool.—By cable from Liverpool, we have the following
statement of the week’s sales, stocks, &c., at that port:
8pst.
11,007,411.
*1,055,413.
•
V
*2
Compressed.
3,063 223,406
■
Fri.
*2*
*2
*2
710®12
....
September 1,1880:
since
S.
*
d.
Thurs.
hi*
*2
71«® *2
.c.
.e.
sail...d.
Do
375
*2
c.
37
Do
]g*
*2
c.
sail
Wednes.
Tues.
11^14 1134^14
1164®!* 1104'®34
B32®732 B32®732 B32®732 B32®732 B32®732 632'®7Si
sail...<Z.
Havre, steam
2,070
1,578
Mon.
Satur.
263
...
in oollision with
freights the past week have been, as follows:
715
Spain, Op’rto, Gibralt’r,&c
A11 nthftr
37
was
steamer Ganos from Mantanzas for Boston, on the 20th inst., when
20 miles east of Boston Light. The Ganos sunk in five minutes.
The Pembroke had bow damaged and her forward oompartment
filled with water; she has been surveyed and will be repaired
without dooking. The forward compartment contained no oargo.
925
....
Other ports
9,655 347,800 399,497
6,301
Total French
Bremen
year.
623
8,249
ports
period
previous
9,655 329,683 364,702
19,117 24,795
7,507
Pembroke, steamer (Br.), Boston for Liverpool,
Same
Week ending-
Exported to—
CHRONICLE.
Friday. P. M., May
The flour market shows further
27. 1881.
and general improvement in
The demand has been good,
orders for desirable lines
and medium “patents,”
which were long under a cloud, and very difficult to move at
remunerative prices, have been more salable, and the views of
holders were more readily met. Rye flour is more firmly held.
To-day the market was dull and prices not folly sustained.
prices daring the past week.
both for export and consumption, and
have not been readily filled. The low
excited and unsettled, through the
operations of a partial “ corner” on June contracts here and at
Chicago, which has caused severe losses to “ outside” speculaThe wheat market has been
[VOL. XXX]
jcj
Stock Exchange and finan¬
cial centres. The very free movements of stocks from store,
and fresh reports of injury to the winter wheat by drought,
promoted the speculation for a rise; and the wants of the
short interest ” gave it impetus. To-day the flurry had in a
measure subsided ; in the early dealings prices declined, but
there was a partial recovery ; No. 2 red winter sold at $1 26^
@fl 27% on the spot, $1 25/£@$l 26% for June, and $1 23^@
$1 24% for July, closing at the higher figures ; No. 1 white
remaining nearly nominal at $1 23^@|1 24% cn the spot,
*1 23 for June, $122 for July; spring wheat is also nearly
nominal, but sold on the spot yesterday at $116 for No. 3 and
Rail and lake
tors, most of whom came from the
4t
$1 22 @$1 23 for No. 2.
Indian
has been in demand, and Western mixed has
com
more money. The apprehension of some scarcity be¬
fore the next crop can become available seems to have had
brought
some
To-day the market was strong,
foundation.
No. 2
mixed selling on the spot at 59c. and 56%c. for June. Rye has
been dull, and barley is quite nominal. Oats have met with a
speculation has been less active, No, 2 graded
selling at 46c. for mixed and 50c. for white, and No. 2 mixed
going at 45c. for June.
The following are closing quotations:
fair trade, but
Grain.
Flour.
Wheat-
# bbl. $3 40® 3 90
No. 2
Winter
4
4
4 85® 5
5 30® 6
5 50® 5
5 15® 5
5 75® 6
6 50® 8
5 10® 6
4 50®
4 25®
superfine
Bpring superfine
Spring wheat extras..
do XX and XXX...
Wis. & Minn, rye mix.
Winter shipp’gextras.
do XX and XXX...
Patents
City shipping extras.
Southern, bakers’ and
family brands
75
50
15
50
85
60
75
25
15
Spring
$112
®1 27
1 15
'©l 30
Red winter
Red winter, No. 2
White
1
Corn—West, mixed.
WAflt. No. 2, new.
®
®
®
®
®
®
Western yellow..
Western white
South, yell’w.new
...
South, white,new
59*2
59
60
62
60
66
2 85®
3 30®
Brandywine, <fec....
State, 4-rowed...
State, 2-rowed...
Peas—Cau’da.b.&f.
(From the, “ New York Produce
Flour,
bbls.
At—
(196 lbs.)
60,637
Chicago
Milwaukee.... 103.438
920
Toledo
6,437
Detroit
879
Cleveland.....
26,170
Bt. Louis
5.065
Peoria
Duluth
.
Barley,
Oats,
Wheat,
Com,
bush.
(60 lbs.)
181.323
155.380
220,961
46,517
bush.
(56 lbs.)
955,159
Bye,
9,585
36,876
2,050
1,782
15,500
249,086
93,250
29,728
6,136
21,660
155,145
13,000
1,460
16,200
405,225
306,475
4,050
9,450
884.967 2,100,737 1,320.531 113.271
1,262,516 3,826.109 993,819 71.647
32.107
66,695
.
.
*
.
idve, for four years :
1878.
Flour... ....bbls.
3,382,970
2,229,383
2,569,194
2,381,642
hush.
15,144,458
34,197,999
12,403,960
17,002,781
52,300,549
10,121,321
2,262.420
22,485,393
31,211,969
10,032,578
2,138,846
24.680,397
33,030,279
9,590,733
2,606,306
834,418
1,211,654
1,647,224
Wheat
Com
Oats
3,484.017
Barley
687,535
Bye
67.030,410 71,555.539
Comparative receipts (crop movement) at same ports from
August 1 to May 21, inclusive for four years:
bbls.
Flour
hush.
Wheat
82.571,490
66,917,964
Total grain....
Barley
Bye
1877-78.
1880-81’
1879-30.
1878-79.
7,057,100
4,402,275
5,313,750
5,154,036
68,341,296
67,458,650
70,140,323
17,917,240
9,397,851
78,534,159
71,282,364
25,992,590
9,180,592
3,358,715
4,167,997
68,166,283
63,119.895
22,022,290
9,085 166
3,624,04 L
94,984,907
34,533,465
11,371,839
3,149,341
Com
Oats
168,272,779
Total grain.... 212,380.843
189.207,702
-
170.997.630
Comparative shipments of flour and grain from the
ports from Dec. 27 to May 21, inclusive, for four years:
bbls.
Flour
1879.
1881.
1880.
3,294,495
2,010,034
Wheat,
hush.
10,737,111
1,865,399
930,317
Barley
Bye
34,767
1,800
30,130
Montreal
17,881
Philadelphia
13,520
17,459
14,178
120,460
391,508
417,225
Baltimore
New Orleans
14,823,797
38,498,383
7,794,661
1,466,309
770,479
....
57,261,928
63,353,629
shipments from Western lake
weeks ended:
Flour
Wheat
Corn
Oats
Barley
Bye
Total
bbls.
2,698,513
18,323,272
25,606,639
7,391,396
1,863,021
1,053,146
....bush,
54,242,474
1880.
Week
1879.
Week
May 21.
May 22.
80,116
May 24.
95,271
same
912
Wheat
Corn
Oats
43,125
2,500
65,304
79,256
23,000
22,428
27,410
430
74,033
1,200
1,300
1,500
41,100 104,673
11,881 108,452
1981.
1880.
1879.
1878.
5,168,425
3,419,990
3,991,943
3,390,177
bush.
27,133.166
35,211,499
22,370,054
50.640,270
8,133,895
1,563,660
32.310.754
28,056,703
43,656,583
6,573,915
595,o38
43,169,929
7,606,766
1,389,367
1,425,450
83,303,717
85,902,266
82,270,899
8,374,966
1,955,808
729,871
Barley
Bye.....
Total grain
The
73,405,250
....
2,196,277
1,797,421
following statement, prepared by the Bureau of Statis¬
tics, will show the exports of domestic breadstuffs from the
undermentioned customs districts, during the month of April,
1881, and for the ten months ended the same, as compared
with the
<rt <rt-
rt-
P
»
—
corresponding months of the previous year:
® ft
* *
ft- ft-
e-1- ft-
P P P P
r;3»-;g|©3P3K:
i—
••J®
2 ®
ft4’•
ft
°
£
ft
ft
B o
oooo
ftftftt'SftPd'Cft
-
QDQp
xx
ft ft
*
.
oo&S
r-ftCftPgftPtro®
r-*
m.
Pvi P ft CO
ref3
:
•
-d -rft-33 ^
kJ
a
2 d
ft 33
33 3D
•
B
*?o2 S'B
rop^o®•
33S2;
O C
•
o
•
MM
ft ft QOQD
e b oox
PP©M
* *
ft ft
pp:
:
rsrs ;
:
:
PP
pp:
U~> m •
MM
00 00
nxoo:
;
:
XX*
•
Om;
■
MO-1C
MCitOCJ'
OXMP
M
M
tO
-
OMM3:
03 GO OO GO
M-ioty
Mxbxcoco
M
M O'O'©PM
oo*
—to;
ft*MXPM©
co •
boo-
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21,933,682
27,131,470
5,318.860
1,452.720
1,293,296
xob to
-itocoo
05 GO M P
to CD 03 to
0-4 00 O
MM©W
sr
03 00
-lot
1
a
— m
-i
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to to;
b« •
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PXC-4 ©:
to m cn m O •
03o:
— M-
MO.
POCKO
cn GO to O'
coxoto
go to
b -1
MO5G0K
OiMPC
bob Mb
— cn cn o
GOP —-1©©
M
x
:
tO COM;
•
;
MX©
OiXMCn
O'PMIC
wb'XtOtOOitO©©
XOttOM
M
CO to O O'
P X © M 00 O'
M M
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JO
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OOMO>
00 M M M
CO
to MXtOCO
© P O,-M M —
to
cobbx
to to — CM
CO X M p
to M
to
MM O -1
P
mo
•
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co©,-*;
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■
1,437,857
2,470,084
1,957,051
X
OX-lb MM Jo
MCO©GOM©
PjO00CO
Ip xx p
P-4003 0t-4PMa
O MO M tOPPtOtP
PM-4C
MMODP
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COXCJtX
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to CO -4X01
S3
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03X03
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&
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03 to MO
a
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to
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.
.
.
.
to
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—
"ft* bi -i to
C?-.
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to O -4 X —
a OMC501XC5C3-1MOM
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M o © a -j o x to to x p o:]
00
00
•
Ml
to
MM to mm
to
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.
*
.©•
:
:
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.
•
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tOXXCOGOMO'XlO
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O to to — CO P P O' X P CO
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5
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1 "0
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•
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....
M 00 03 -4 © -4 M X ft <
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totals are the reports from Milwaukee,
Portland, Richmond and Willamette, the details for April,
Included in the foregoing
New Haven,
M —
©10-4 O'
PX© M
<h
JJ
§
|
tOM
O'PMc:
to to MO1
XPft* pJ
a*
wen
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© W<lCOM©b' bl'WE'C
M O#. to COW 33 -JXPC3
O' to 00 X O to 00 0X00 03
*
498,01 308,51 23,617 15,071
p
M;
•
MM
co<i-ixp^a3
to
b
PMM O’ M to X
M M O M-4 -4 0 xbbto
co to to to W Ol 00 to 03X0:
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m
QOMXC
00-4P
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MMtOPM 10 P M W
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73,979
1,755,217
!_
o
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:
;
©b
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O' *1 M O' OO M
b
-IXC0C3O1
C/J 03 P M M
pt M
IOMQO
to
JUTat/ 25.
38,365
X-IPP'XO'PO'W
©©c^iompiopw
OHft^
a
bj
M
©moim
toco
XPPtC
tO C5 -1 —
to
MM
w
OCOMMMOn
P —1 GO GO
1878.
TFecA:
50,802
35,107
—I—4 M
to O' tO -4
a
MCAPPCn
C to M
MWXPM,
OlO'XMPX MX CC:
—
©oo.
.
©O'cna
PPMOC
tOO M CC
MXtOO<
M©tOP
M
:
*Mtoccw
Oo
<i m top©©
CO X O' © X M
:
.
03 0 to M
cn
to m
p to
to
bioobo b ■
57,140,028
1,233,910
54,996
33,526
s
oT
O GO 10 tO
2,363,221
496,318
661,573
51,597
47,280
521,940
b
MM
05 MM ft*
b
ox
pc*
MW MP
M
OPP
1878.
900,705
620,920
27,018
532,720
726,386
bush.
37,400
2,500
bhla.
Flour
ifil tu
369,983
181,089
'
193,340
5,250
76,620
201,900
62.800
27,618
Bye,
bush.
receipts at same ports from Dec. 27 to May 21, inclu¬
sive, for four years:
.
625,712
407,202
Barley,
Total
and river ports for the
1881.
Tfeek
131,490
182,868 122 249
249.429 197,616
Total week
173,523 2,554,647 3.940,883 446,438
Cor. week ’80.... 185,079 1,655,407 2,565,670 619,255
W
Total grain
Rail
16,194,785
27,534,316
38.107
21.733
25,339
37,070
53,695
Oats,
Com,
Portland
Boston
Crfc P
Wheat
Cora
Oats....
53,802
27.384
47.987
...
1879.
1880.
1881.
8,424.434 2,262,877
oooo
OM
ports from Dec 27 to May 21, inclu-
Total receipts at same
8,088,707
&.
bush.
bush.
bush.
bush.
bbls.
73.923 :1,594,412:3,373.355 210,825
New York
GOtO
Total
208,546
Same time ’80. 110.252
439,243
500,062
bush.
bush.
bush.
(32 lbs.) (4,8 lbs.) (56 lbs.)
708,197 55.513 11.612
20,600
280,222
9,821
44,500
635,210
.
2,380.943
1,999,903
Flour,
<•
At-
B
for the week ending May 21, 1881:
2,374,914
1,668,638
Receipts of flour and grain at seaboard ports for the week
o o -
Receipts of flour and grain at Western lake and river p >rts
2,812,814
2,006,625
2,081,328
1,187,940
Barley,
5,749,929 10,181.005 2,756,807
4 w’ks ’80.. 487,817
OCigy
Exchange Weekly”)
Oats,
bush.
943,608
374.964
bush.
bush.
Tot., 4 wka.554,033
o • o o
Barley—Canada W.
3 15
3 35
Corn,
Wheat,
April 30... 166,609
®1 26
i
shipments from same ports for last four weeks:
Flourt
ending—
obis.
May 21... 174.690
May 14... 90,181
May
7...122,t>53
1 2612®1 2714
6 25® 7 00 Rye
South’n ship’g extras. 5 40® 6
p- 00 Oats—Mixed
White
Bye flour, superfine.. 5 50® 6 00
Corn meal—
Western, &c
Week
1881, being as follows:
:
May 38,
THE CHRONICLE.
1881]
New
Haven.
Milwau¬
kee.
Bushels
Value
Indian corn—
Bushels
Value
Indian corn
Port¬
land.
Rich-
Willam-
mond.
ettc.
Britain, 214 to France (Marseilles), 219 to U. S. of Colombia, 91
Argentine Republic, 85 to Venezuela, &c.), making the total
to
•
“
exports since January 1st, 59,907 packages, against 38,346 for
corresponding period of last year. There was an active
demand for brown and bleached
goods at first hands, and prices
20,966
13,698
•
*•“
meal—
Barrels
Value
Oats-
the
- -
663
10
$
2,150
80
were
Bushels
Bushels
17,500
21,000
....
Value
Wheat flour—
Barrels
238,579
Total values—
21,000
48,500
April, 1881...
April, 1880...
10 months—
~1881
352,594
723,503
1880
118,220
97,210
259,979
417
9,575
2,450
55,335
13,167
92,567
4,600
4,450
329,012
414,583
160,339
-•$
Value
35,814
145,634
92,567
242,924
183,938
43,565 1,258,433
52.923 1,061,972
Exports from United States seaboard ports and from Montreal
for week ending May 21,1881:
Flour,
Wheat,
bbls.
bsuh.
Prom—
Com,
Oats,
bush.
bush.
Rye,
Peas,
5,533
bush.
2,604
bush.
96,318
34,684
483,003
139,003
961,725
35,000
2,342
11,388
2,062
18,680
156,725
234,835
167
60,000
32,014
1,186
184,628
165,738
32,012
177,846
198,583
Total for w’k 163,299
game time’80. 108,833
1,221,160
1,380,291
34,354
2,189,685
1,750,504
92,788
5,533 237,439
41,665 91,956
New York
Boston
Montreal
Philadelphia..
Baltimore
New Orleans..
*^he visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by Lake canal and rail, May 21, 1881:
In store at—
New York
Do. afloat (est.)
Wheat,
Corn,
bush.
bush.
1,291,697
505,000
284,079
1,078,000
5,000
9,000
Albany....
397,358
Buffalo
Chicago... .1
Milwaukee
4,128,374
2,100,05 i
1,266,000
368,981
Dill nfli
Toledo
Detroit
225.498
Bt. Louis
Boston
Toronto
Montreal
Philadelphia
Peoria
....
Indianapolis
Kansas City
Baltimore
Down Mississippi.
On rail
On lake
Canal.../...
Oats,
bush.
521.060
162,000
12.000
593,465
7,278
2,560,984 1,411,889
749
63,768
5,000
221,158
30,881
50,000
50,000
136,233
476,314
4,859
94,875
172,753
4S.493
3,629
253,347
72,400
29,607
186,422
151,900
103.100
78,423
55,840
488,806
111,109
289,656
440,745
1,290,838 1,231,780
2.115,956 1,401,479
1,105,000 2,222,000
Oswego
37,450
5,069
Barley,
bush.
145,946
-
78,000
38.000
1,484
2,806
3,473
598
39,555
17,836
75,000
130,630
43,421
317
11,238
40,200
.
DRY
•
•
•
•
9,249
were
51,202
41,307
3,000
30,000
GOODS
267,557
222,909
400,353
339.587
298.288
402,550
TRADE.
Friday. P. M., May 27, 1881.
The most important feature of the
past week’s business has
been a marked improvement in the demand for
staple cotton
goods by local and out-of-town jobbers, and transactions in this
were
large in the aggregate amount.
The tone of
the cotton
goods market has consequently assumed more firm¬
ness, and prices have been advanced in not a few
instances,
owing to the meagre supplies on hand and the rising tendency
of the
staple. The woolen goods market has not materially
changed since last reported upon, but there was a fair move¬
ment in
heavy clothing woolens, partly as the result of new
business, but chiefly on account of former orders. The demand
at first hands for
prints, lawns, dress goods and other season¬
able fabrics was
quite moderate, but ginghams continued in
good request, and a considerable business in
heavy shirts and
drawers was done by manufacturers’
agents. The jobbing
moderately active for the time
of year, and
quantities of staple and department
goods are
ing into consumption,
evidently
judging by the constant demand for
sortments by retail buyers.
large
pass¬
re-as¬
Domestic Cotton Goods.—-The
export movement in cotton
goods was unusually
large, 8,447 packages having been shipped
from this port
during the week (including 4,444 to Africa,
China, 261 to Brazil, 227 to Uruguay, 234 to Great
i
displayed a moderate degree of activity, owing mainly to the
large movement on account of former orders, and prices of the
most desirable heavy
clothing woolens are steadily maintained.
Heavy all-wool and cotton-warp cassimeres and suitings were
in fair request by new buyers, and there was a
steady inquiry
for moderate-sized parcels of worsted
coatings and overcoat¬
ings. {Spring cassimeres, &c., ruled quiet in first hands, but a
satisfactory business was reported by cloth jobbers. Kentucky
jeans and satinets were a trifle more active, but the demand
was irregular and confined to
relatively fair makes. Flannels
and blankets
have received
attention
from package
buyers, but dealings were unimportant in the aggregate.
Carpets were quiet with agents, but a fair call for re-assort¬
ments was reported by jobbers.
Worsted dress goods and
shawls were in light demand, but knit underwear was
more
sought for by Western buyers, who are making shipments by
some
canal.
mostly qniet with importers, and
presented no special features of interest} but
a fair business in grenadines,
buntings, and other light dress
fabrics, was done by jobbers. Medium and fine black and
the auction
were
rooms
colored silks were in steady request, as were specialties in
fancy
silks, and really desirable makes are held with more firmness,
because of the lessened
supply.
Importations of Dry Goods.
804,089
222,219
110,000
April 30.’91
18,526,123 13,034,769 3,101.200 1,276.-178
April 23,’81
19,820.832 12,829,188 3,217,537 1,440.075
May 22,’80...... 19,608,499 13,146,399 2,129,556 614,086
2)457 to
Colored cottons
Domestic Woolen Gooas.—The market for woolen
goods has
Foreign Dry Goods
2.500
May 21, ’81 16,561.830 11,233,009 3,721,218
737.502
May 14, *81
10,277,622 11,047.188 3,154,761
856,326
May 7,’81
17,656,198 11,879,961 3,190,602 1,091,775
THE
31,570
34,000
23.000
2.958
30.575
7.417
12,000
28,782
5.008
7,691
Rye,
bush.
41,247
63,000
142.000
27,619
96,826
Tot.
was
low-grade fabrics, but also
good request and Amoskeag denims, cheviots, &c., were
marked up by agents. The
supply of plain and colored cottons
has rarely been so light at this
stage of the season, and the
tone of the market is
unquestionably strong. Print cloths
were very active (488,000
pieces having changed hands during
the week) and prices continued
strong, closing at 4c. for extra
64x64s and 3 9-16@3%c. for 56x60s.
Prints, lawns and printed
cotton goods ruled quiet in first hands,
but a good trade was
reported by jobbers, and ginghams were freely distributed by
agents and jobbers alike.
-
connection
on
of the best corporation makes.
also in
B&el»
trade
slightly advanced, not only
on some
Value..
Value.
Wheatr—
587
The
importations of dry goods at this port for the week
ending May 26, 1881 and since January 1, and the same facts
for the corresponding periods of 1880, are as follows:
Total Ent’d
Total Ent’d
Flax Silk Cot n Wool
Flax Silk Cot n Wool
Flax Silk Cot n Wool
M
i
s
c
e
l
a
n
o
u
M
a
n
u
f
c
t
r
e
s
M
i
s
c
e
l
a
n
o
u
M
a
n
u
f
c
t
r
e
s
M
i
s
c
e
l
a
n
o
u
M
a
n
u
f
c
t
r
e
s
port. forcu8mpt.
market. fornsumpt.
at
the
Total
on
Total
of—
05
MIC
m
05
bob
tO O'. M W <J
005
a co
OO 4*4*0D
it^WOtO
CO
of—
1,84590 1, 68 729, 2 30,36 158,02 104,39 154,978 281,067 FENOTRRD
WM
cdhoi cr.cn
C5^4C5 4* CO
-lO"WC0C0
W kO
b !
.
256,403 170,62 85,783
j
05
weep woo
Total
WAREHOUS
p
CD 00
tOM
^4 00 (X O’tO
to
v|l
CIO
OH
>—»
M
CO
M tO
MM
if* to to war j
0-
MCO
W4* W4»w
00
C5 M
CO COM 00 o
If*
a
cow
u
05 J>
i
to
05
to
Z-»
o
CO
1
|
00 to
lo C5 ^*4
to w o; w if*
00 4* GD CO 05
i
WITHDRAN
FROM
CO
bo
o
05
|l,16 8| 402,543 18,34 380,92 281, 9 170,589
M
6,027 3,4 9 2,578
170,62 91.483
05
CO 00 tow C5
to 054* MO
Or CO CO 4* m
CO Cl 4* COM
WAREHOUS
*4
or CO to CO to
O
01-40 0<M
05
to
05 CO tO 4* CO
o
WCOMn-4*
SAME q 3,4 9 2,868
M
CO
4*
tooC5-*-
4*
CD 4* 4- 4* 03
CO tO 4*-4 CO
CO
CO
M4*C0M
-4 CO M M tO
to
CO
CO
bo
W^4p MC5«
CO CO CO co bo
M
00
05
O CO 00 o o
O O >T 10
tOCOCO<JTD
4* CO M CO M
0<4<4 m 4*
0<400<l
coif-woo <i
C5 W00 ot OD
-4 05 o w OD
C5 CO 05 00 4*
boro If b
qVj
CO
co co >-*
4* W
05 CO
50000 44 4*
wcotoo w
I/O
M C5
<1 O
boob w w
05
cn
nr
WM4*OOCf>
►.*>
-
1
0-
Kt
$
M
OOM
M
t
M
<i
O CO 03 05 05
o
W
-4-40DMC5
ototoooo
c;
4*
W
cob
lobs www
CD
CD
W 05 M 05 M
to M 4* MOO
4*
If*
4*0
0500
MM to COCO -6©
W
<t<l
to <i w o m
nr
fn nr — nr *«
to 4* bo CO
p
o
cob to w
4* CO <14*0
M
bob 4-co bo
<1
WOO 0 4*0
nr
rr.
fi*. 1—11—1^1
SINCE
1 May
Week
JO
E18. ndig JANURY
26,
S
£
s
?
1,
Since
Jan.
CO
05
AND
00
1,
M tO tO tO CO
M
Value.
MM
COM
05 to
W
WE K
M
00
woop
4*
CO
M
§
&
M
o
4-04* CD tO
FOR
THE
SB
§
Jo
W
to
CONSUMPTI
*>2:
£
CO
s
»-»
THE
P
E
R
I
O
D
.
[l,380541 1,29816 250,725 19,875 50,398 73,19 47,857 54,36 1,29816 376,15 28,631 67,534 91,783 54,73 13,465
M
A
R
K
E
T
.
236,5 14.0,89 5,74
256,95 140,8 15,487
140,8
--MtOtOtO
Value.
S
OOCOMMCO
4- OD CO 05 W
O O' m to ©
INTO
cv
s*
1
w
com
05 0
$
COMMOCO
AND
M
4*
Jo
R
M
05
4* CO W CD
FOR
$
M
WtO 05C0 4O M O OD CO
OW* 10005
56,198 45,1 28 1,036.59 1,03952 3,0 938 2,074 1,62958 3,16287 DURING 54,0328 45,1 28 ,796 986,35 1,»46501 2,153764 1,49602 ,4017 THROWN 45,1 28 4,285 9 7,5 48 13,2 65 1,529861 ,540826
QDWMWM
-4CC4*CO co
ENTRD
of—
2*
e
18 .
lSSi
AND
180.
NEW YORK.
CORNER OF BROAD,
Issue
Drexel, Harjes & C«
Drexel & Co.,
Travelers’
Also
FOREIGN BANKER8.
Deposit* received subject to Draft. Securities, Gold:
Ac., bought and sold on Commission. Interest allowec
on Deposits. Foreign Exchange. Commercial Credits
Oable Transfers.
Circular Letters for Travelers
available In all parts of tbe world.
DOMESTIC AND
on
Brothers & Co.,
Sc
MONEY
countries,
and Paris.
Make Collections
“
AND ON THE
COMPANY,
ALSO.
Hilmers,McGowan 8c Co
J. & W. Seligman& Co.,
Credit for Travelers,
part of Europe, Asia, Africa, Aus¬
Issue Letters of
Payable in any
tralia and America.
Draw Bills of Exchange and make telegraphic
transfers of money on Europe and California.
Kidder, Peabody & Co.,
BOSTON, MASS.,
Cor. Wall and
Special attention paid to orders at the New
and New York Mining Board.
BILLS OF EXCHANGE
CABLE TRANSFERS,
AND
Commercial and
OF
SAN
Xew York
Agency, 62 Wall St.
SAN
NEW
Lichtenstein,
FRANCISCO Office, 422 California St.
YORK Agents, J. & W. Seligman & Co.
Correspond’ts, Massachusetts N. B’k.
Exchange Place.
YORK.
Make Telegraphic Money
-
and Reserve,
Paid up
-
$6,000,000.
-
1,700,000.
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 favor¬
able terms.
FRED’K F. LOW,
iMana^prs
Transact a general banking
BANKERS,
Transfers.
Exchange and Issue Letters oi Credit
principal cltieB of Europe.
Nos. 59
IGNATJ5 STEINHART, J
P. N.
RANK,
ENGLAND.
LONDON,
London Office, No.
LAKE
EMIL
>
H. 8.
F. BARRON
BLAKE,)
travelers’credits, negotiate
leans, make advances on merchandise, and trans¬
act a general flnanolal commission business.
Grant commercial and
correspondents :
Nederlandsch Indische
Handelsbank,
NEW
BROTHERS &
YORK AND
CO.,
BOSTOK.
HOLLAND.
AMSTERDAM,
Established in
1863.
Paid-Up Capital, 12,000,000
($4,800,000 Gold.)
HEAD OFFICE IN
Guilders
AMSTERDAM.
Agencies In Batavia, Soerabaya and Samarang
Correspondents in Padang.
Issue commercial
credits, make advances on ship
ments of staple merchandise,
and transact
othw
business of a financial character in connection
’-he trade with the Dutch East Indies.
with
BROTHERS Sc CO.,
BLAKE
Agents for North America
WALL
18
S>8
STREET,
STATE
NEW YORK.
8TREET,
BOSTON
Nederlandsche
HOWLAND, Pres’t
.
HEAD
OF
D. R. WILKIE, Cashier.
TORONTO.
OFFICE,
BRANCHES:
Dealer* In American
■
Currency & Sterling Exchange.
Agents in London :
BOSANQUET. SALT & CO.,
73 Lombard Street.
HOLLAND,
ESTABLISED 1824.
I Agents in New York:
j BANK OF MONTREAL,
|
59 Wall Street.
Promptest attention paid to collections payable in
part of Canada.
Approved Canadian business paper, payable in
gold or currency, discounted at the Head Office on
reasonable terms, and proceeds remitted to ny
part of the United States by draft on New York. -
Paid-up Capital.
36.000,000
FloriB*-
($14,400,000, Gold.)
Execute orders for the purchase or sale of Merchtf*
dlse, Bonds, Stocks, and other securities, in
United States, Europe and the EaBt; make Collecuow
buy and sell Foreign Exchange, and give advance*
upon Merchandise for Export
Agenti
8. CARTER, )
OLIVER "
>
HAWLEY, )
York, January 1, 1579.
STANTON BLAKE,
«ny
BIiAKE
9 Birchin Lane.
The
St. Catharines, Port Colborne, St. Thomas, Ingersoll,
Welland, Fergus, Woodstock, Winnipeg, Man.
London.
A„Antj
j Agenu
Handel-Maatschappijj
Bank
of
Imperial
Canada
Netherland Trading Societj
Capital, §1,000,000.
BROTHERS & CO., Boston and New York
HEINEMANN,)
WATSON,)
Foreign Bunkers.
managers.
'
PARTNER3
WALL STREET
available in any part of the world; issue drafts on
and make oollections in Chicago and throughout
Canadian Banks.
,
OFFICE,
YORK
Sc 61
Buy and sell Sterling Exchange, Francs and Cable
Transfers; grant Commercial and Travelers Credit*
LILIENTHAL, Cashier.
Berlin.
Blake Brothers 8c Co
-
WALTER
8PECIAL PARTNER,
DEUTSCHE
-
GEORGE STEPHEN, President.
C. F. SMITHERS, General Manager.
IN U. S. BONDS,
24,000,000 GOLD.
Authorized Capital,
NEW
SURPLUS,
$12,000,000, Gold.
5,000,000, Gold.
-
-
INVESTED
GEORGE L. BRANDER, Agent.
ISSUES Commercial and Travelers’ Credits, avail¬
able In any part of the world. Draws Exchange,
Foreign and Inland, and makes Transfers of Money
by Telegraph and Cable.
BOSTON
29 William St., cor.
CAPITAL,
LONDON, Heud Office, 3 Angel Court.
Knoblauch
Montreal.
the Dominion of Canada.,
FRANCISCO.
(LIMITED).
MENDELSSOHN & CO., Berlin.
8c
Bank
Nevada
The
& CO., Paris.
PERIER FRERES
York
Anglo-Californian Bank
& CO., London.
(Agents,
LAWSON
Bank of
THE
CORRESPONDENTS :
Exchange and Cable Tran*-
drafts on Scotland and Ireland,
also on Canada, British Columbia, Portland, Oregen,
Sato Francisco and Chicago.
Bills collected and other banking business tran*.
acted.
1L A. McTAVISII,)
Issue demand
NEW
California Banks.
Travelers’ Credits.
BARING BROTHERS
Buy and sell Sterling
ALEI’R La.\q,
SURPLUS,
BANKERS.
STREET.
WALL
52
No.
York.
Street, New
Stock Exchange
Nassau Sts., New York.
FOREIGN
Draw Bills of
WaU
63
YORK.
NEW
and Bonds,
Foreign Exchange, Stocks
BROADWAY,
94
No.
IN
BROKERS
BANKERS,
America,
British North
AND LETTERS OF CREDIT
CABLE TRANSFERS
BOSTON.
STATE STREET,
THE
of
W
NATIONAL BANK OF 8COTLAND,
EDINBURG, AND BRANCHES;
WALL STREET. NEW YORK.
28
.
Bank
fers.
MANCHESTER, PAYABLE IN LONDON ;
Ward,
BROTHERS Sc
BANK,
COUNTY
Sc
LIMITED
ULSTER BANKING COMPANY,
BELFAST, IRELAND
___
FOB
▲eBNTS
62
GF EXCHANGE ON
PAYNE Sc SMITH’S,
OF
AGENCY
Credit* fob Travelers.
and
MANCHESTER
United States
Countries.
LONDON.
CO.,
Sc
BANKERS, LONDON;
through London
S. G. 8c G. C.
BARING
BILLS
SMITH,
abroad on all
United States and Canada, and
__on Foreign
BANKERS:
NASSAU
33
of Drafts drawn
points in the
of Drafts drawn in the
Manager
LONDON, ENG.—1The Clydesdale Banking Comn’,
NEW YORK—The Bank of New York. N. B. A.
*
The New York Agency buys and sells Sterling
change, Cable Transfers, issues Credits available in
all parts of the world, makes collections in Canada
and elsewhere, and issues Drafts payable at any of
the offices of the bank in Canada. Demand Draft*
Issued payable in Scotland and Ireland, and every
description of foreign banking business undertaken.
New York Agency, 48 Exchange-place,
HENRY HAGUE
> .
JOHN B. HARRIS Jr., J A«enU.
J. 8c J. Stuart
8c Co.,
STREET.
AVAILABLE IN ANY PART OF THE WORLD.
And in Francs, in Martinique and Guadaloupe.
MAKE 'TELEGRAPHIC TRANSFERS
OF
Notes
Otbottlak
IRELAND, FRANCE,
AND HOLLAND.
IN STERLING,
Between this and other
SIXTY
WM. J. INGRAM, As*t. General
.
and Travelers5 Credits
Issue Commercial
AND BILLS AT
CHEQUES
ALEXANDERS
SELL
ON GREAT BRITAIN AND
GERMANY, BELGIUM
PARIS.
CO.,
DAYS’ SIGHT ON
EXCHANGE
OF
BILES
STERLING
ST., N. If.,
BUY AND
Boston.
TRANSFERS ON
Square,
Office
CHEQUES AND CABLE
MUNROE
WALL
GEORGE HAGUE, General Manager.
Wall Street,
Post
4
No.
J. 8. MORGAN Sc CO.,
No. 32 OLD BROAD ST., LONDON.
59
Transfers of Money
Havana.
MCLENNAN, Bsq.
MONTREAL.
OFFICE,
HEAD
Commercial Credits and
California, Europe and
No. 8
lllessri.
No.
Vice-President, JOHN
John MunroeNew&York,
Co.,
A6KNT8 OF
ATTORNEYS AND
President, the Hon. JOHN HAMILTON.
correspondents.
and their
85,500,000 Paid Up,
Capital,
DE ROTHSCHILD
MESSRS.
Paris.
Philadelphia.
Nassau
world, through the
Boulevard Haussmanr
31
Tuibd St..
Brown
CANADA.
Street,
Credits, available in all parts of the
21
A:
19
Nos.
Bank
OF
STREET,
WALL
Banks.
Merchants’
Co.,
Belmont 8c
Drexel, Morgan & Co., August BANKERS,
84 South
Canadian
Foreign Exchange.
Foreign Exchange.
all
[Vol. xxxn.
THE CHRONICLE
588
tHENRY E.
Nxw
Office, 142
Pearl Street, New
.
America
Tor*
@FedFRASER