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HUNT'S MERCHANTS* MAGAZINE,
,'
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
VOL.
NEW
32.
&
Gzowski
I.
&
r. P.
iii\:ci7na
BAj>li.J5l*»j
&
47 UraU Street,
New
York,
ISSUE
P.
COnMERCIAL. CREDITS.
LONDON CORRESPONDENTS:
Huubro
of liOndon. Mesars. C. J
* Son.
New Tork
Alliance Bank, London.
;
Stocka and Bonds bought and sold on commlaaioa
at N. 7. Stock Bxahange.
Advances made on bualneaa paper and other
eecurltles.
Wm.
Kohn &
Co.,
STOCKS AND BONDS BOUGHT AND SOLD ON
&
Taintor
Anversoise,
No. 31
Holt,
PaidUp
Capital,
-
•
9,000,000 Francs.
DEPOSITS
received and
INTEREST
allowed on
balances.
But and
BOARD OP DISEOTORS
Belix 0RI8AR, President.
„
ALrR»D MAQOiNAY (Graff * MaqulMT). Vlce-PrM
J. B. Vov DEii Bkckb (Von der Mecke & MarailT).
Otto Gunther (Cornellle-DaTid).
Ehilb dk Gottal.
Ad. Frank (Frank, Model & Cle.>
AUO- Nottedohm (Nottebohm Frerea).
FH. DHANIS (Michiels Looa).
JOH. Dan. fuurman.n. Jr. (Job. Dan. Fuhrmann.)
I.ODI8 WKBKR(Bd. Weber A Lie.)
3UhM» RAUTBNSTRAUca (C. Schmid Si Cle.)
TRANSACTS
OENEBAL BANKlNfi BUSINESS.
ASA
P.
Pottkr. Preat.
J. J.
Kddt,
Caahler.
Maverick National Bank,
^400,000
400,000
SVRPIiVS,
Accounts of Banka and Bankers solicited.
Collections ma e upon raroruble terms.
StrlctiT flrst-clasa Investment Securitlee Nego-
G. B.
J.
UwiB
U. Tatlok. Jh.
L.
LilNDLEr IlAIXlS
H. Taylor
&
Co.,
Bankers and UroKers,
140
SOUTH THIRD STREET,
PHILADELPHIA,
DepOBlU received subject to check
at siftht, sad
tntercst allowed on daily balances.
Stocks, Bonds, &c., buuKht and sold on commission
In Philadelphia and other cities.
Partttular attention Klvea to Information resardttft Inveatmeat Seourttlas,
Aug. T.
Post, Banker,
NASSAU STREET,
23
BUYS AND SELLS
State, City and County Securities.
CORRESPONDENCK SOLICITED.
Lummis
»0i. Si and 35
&
GEO. H. HOLT.
Whitklt. H. Crugxr Oaklkt
HAKBr O. Logan. Maynabu C. ErKi.
W. R. TBArsBg, Special Partner.
(Branch Oflice, ISO Finh Avenue}.
All classes of Railway and Mining Stocks bought
and sold on Commission.
Private Telegraph Wires to Phlla^lelpbla. Wllmlng*
ton. Buitimore, Washington, Bodton, Bridgeport
and
Co.,
C. I. Hudson
BXCHANOB COURT, NBW TORK,
at the "
Branch
and Private Wire
OflBce
CrHBEKLAND." Broadway and 22d Street.
Buy and sell on commission, for Inrestment or on
margin, all securities dealt in at the
Stock Kzchange.
B. K. LEAR.
C. I. Hudson,
T.
Member N.Y. Stock Bxcb.
New
DBBXKL BUILDING,
BROAD STREETS.
Cor.
&
Buttrick
York
CtniTxs.
Elliman,
Nos. 37
&
39 Wall
St,
R. T. Wilson
&
Schulz
&
Ruckgaber,
BANKERS,
M Ullam
Street,
BANKERS AND STOCK BROKERS.
UE.XRT DAT,
To/k Stock Bxobaaga,
International
IMeaar».
Bank
of London (Liiralted),
Ijondon.
John Berenberg, Uouler
Hamburg.
Commercial and Traveler*'
change. <^>ble
i.'redlta.
ranalera.
Si Co.,
Bills of
Co.,
Special attention to bualneaa of countrr banka.
Kountze Brothers,
BANKERS,
ISO Broadway (EqnltaMe Bnll«lac)«
NE\r
YORK.
LETTERS OP CREDIT
AMD
CIRCVL,AR NOTES
Issued for the use of traveleri la
all parts of the world.
Bills drawn on the Union Bank of I«ondoD
Telegraphio transfers made to London and to
Tarlous places In the United States,
Deposits received subject to check at sight, and In*terest allowed on balances.
Qovemment and other bonds and Inrestment •»
ourttles
bought and sold on eommlssloo.
C. Chew,
No. 7
J.
WALL STREET, NEW YORK.
TEXAS RAILWAYS,
RONDS, LANDS, *e.
Desirable Texas Securltlea for Investment con
on hang
Albert E. Hachfield,
IT
NASSAU STREET,
Deals In Inveatment Secaritles
Bonds Generally.
and
WANTED
New York.
CORRESPONDENTS OF THE
WALL
&
BANKERS AND BROKERS,
T 'Wall St., Cor. New, Neir VoriK.
INVESTMENT SECURITIES.
Bta ntly
Co.,
NEW TORK.
A. H. Brown
New York.
BANKERS AND COMMIB8ION MERCHANTS,
2 Bzcltanse Court, N «w York.
McKean,
subject to check, and allow Interest on balaitcei.
RANKERS AND RROKER8,
BONDS, STOCKS and INVESTMENT SECURITIES
BobaUT AND SOLD ON COMMISSION.
C. A. Buttrick, Member of the N. T. Stock Exch'ne
Wm. Elliman, Member of the N.7. Mining Exch'xe
&
STREET,
Buy and sell—on commission—GoTemment, Railway and Miscellaneous Securities. Recelre deposit*
New Haren.
&
3
Member of N. Y. Stock Sxch'M
84 IVAIili
Prince & Whitely,
64 BROADWAY, NBIT TORK,
33
Day,
and
WIUJAM LUHHIS,
Memb«n of New
TAINTOR.
D. Princi, JA8.
H
tiated.
and
bonds.
PrlTAte telegraph wlrea to Providence and Boaton.
BOSTO;V,
CAPITAL,
GOVERNMENT, MUNICIPAL
RAILROAD
No
A
sell
A Hatch.
c. McKian
w.
LLoro.
P.
Lloyd
STREET, NEW YORK.
TRANSACT a GENERAL BANKING bnslnesg.
Kendaix.
STREET,
Refer te Measrs. FiSK
Joseph
WALL
Na. 10
WALL
B.
BANKERS AND BROKERS
BANKERS,
Antwerp.
Wm.
d. Hatch,
Member N. T. Stock Exch.
COMMISSION.
Banque
Centrale
,
WALL
BANKERS AND BROKERS,
BROADWAY AND 19 NEW STREET,
XEW YORK.
««
& Co
UNITED BAKK BVILDINQ.
STREET, COR. BROADWAY.
STOCKS, BONDS & COMMERCIAL PAPER.
Glazier,
OniOUIiAR NOTKS,
Gallaudet
Comer Toronto and Klnv Streets*
TORONTO, CANADA.
mamln. Drafts on New York and London and American and Sterling Kxchange boughtandsold. Collections made.
Correspondents— Bank of New
York,
W.
BANKERS,
TRAVELKRS* CREDITS,
The Union Bunk
Buchan,
(Uembers of Toronto Stock Exchange.)
Stocks, Bonds, etc., bought and 8ol4 for cash or on
OLCOTT.
45
Ftnanciai.
Co., BANKERS AND STOCK BROKERS.
PHBLPS,
N.
JAMES STOKK8.
ANSON PUKI,P8 STOKES,
NO. 831.
28, 1881.
Financial.
Financial.
Phelps, Stokes
MAY
YORK,
Indianapolis k St. Louis lits.
Columbus A Toledo Ists.
4 Northern Ists.
Kansas & Nebraska Bonds.
Joseph A. Western Bonds.
Cincinnati Hamilton St Dayton Bonds
Jollet
St.
F4»K S.%l>Ex
Ex-
Consumers' Ice Company's Stock.
An Eight Per Cent Inrestmea
THE CHRONICLE.
n
BalUmorc Banken.
BoMon Banken.
W.
Foote & French,
BANKERS,
AND DBALKB8
WHiTCLir, Jtt.
8.
IN
BALTinORE,
Correspondence tUTited and
GERMAN
No. 8
P.O. Box
New Fork
No. 2
.
BOSTON, MASS.
Plilladclphia
GEO.
&
Brewster, Basset
Co.,
3S
BROKKRS AND DEALERS IK
State, City, County and RR. Bondn Sc Stacks.
Orders receive prompt and peraonal attention.
Correspondents, Messrs. Maxwell & Grayes, New
York City, and Messrs. Blake Brothers St Co., New
York and Boston.
STOCK EXCHANGES.
ALSO,
Dealer* In Mnnlctpal, State, Railroad and
United 8tnte« Bond*.
Oeo.\l^iii .Ballou&Co
BANKERS,
Street.
72 DeTonahlre
St.,
BOSTON.
Bonds and Stocks bought and sold on commission
New York, Boston and other lixchanKes.
WM. BALLOU,
H. BINGHAM,)
New York.
D. H. DAKI.ING,
A. S. WEEKS,
Boston.
&
Chas. A. Sweet
Co.,
No. 20r Walnut Place, PHILADELPHIA.
GoTernment, State. Municipal and Kallwajr Bonds
and Stocks bou^iht and sold at all the Exchanges.
Investments prudently made in sound railway seCollections promptly attended to.
Correspondents carefully represented at Auctions
and Private Sales. Bonds of ttood. but not wellknown railroads always wanted for investments at
tbe best rates. Orders on mHrtrins not entertained.
curities.
&
Thos. P. Miller
State, City,
GOVERNMENT SECURITIES
IN
DEA'jliERS
Co.,
BANKBRS.
laOBILE, ALABAHIA.
Special attention paid to collectioni. w<lh prompt
remittances at current rates of exchange on aay of
County and Railroad Bondi.
Tower, Giddings
BANKERS,
&
Collections
made on
all
Campbell
BOSTON.
Orders for Stocks executed in Boston,
WILiniNOTON,
Co.,
WALKER. Cashier.
N. C.
parts of the United States.
& Schoolcraft,
STOCK BROKERS,
New York
and other markets.
MAIN STREET,
No. 1104
&
ParJier
Stackpole,
BICHinOND, VA.
BANKERS,
SOVTSERN SECURITIES A SPECIALTY.
Mo. 68 DEVONSHIRE STREET,
R. H. HAVRY & CO.,
STOCK BROKEBS.
BOSTON.
Government, State, Municipal and
Railroad Bonds and Stocks. 4c. Virginia State TaxReceivable Coupons bought and sold. All orders
Baltimore Bankers.
J.
WILLCOI BBOWN.
C. D.
LOWNDBS.
Brown & Lowndes,
BANKERS AND BROKERS,
GERMAN STREET,
No. 19
P. O.
Box
874.
Robert Garrett
&
Sons,
BANKERS,
No. 7
TOPBKA, KANSAS.
Municipal Bonds and Mortgage Loans Negotiated.
Klght per cent Farm Mortgages a specialty.
A
l.KNERAL BANKING BUSINESS TRANhACT ED.
Collections
tention.
RICHMOND, VIRGINIA.
;
;
88
JOHN
P.
BRANCH,
SIXTH AVE., WEST OF KAN. AVB.,
TOPEKA, KANSAS.
U. K. PlNZXL,
Prealdent.
STATE BANK,
}
(Incorporated
TRANSACT A GENERAL DOMESTIC AND FOREIGN BANKING BUSINESS.
BRANCH
solicited.
&
H4RRIS &. RHIND,
STOCK AND BOND BROKEBS,
AUGUSTA, GEORGIA.
Co.,
BANKERS AND BROKERS,
BlLTimORE.
sell all
WM.C.COURTNEV.PreS. ERNESTH.PRINGLE.Cash
INVESTMENT
and VIRGINIA SECURITIES a
Correspondence aollclted and information fur-
specialtv.
nished.
N. T. CoKBESPOSDBNTS-McKlm Brothers
kinds of Investment Securities
outright or on cemmission. Information furnished.
Orders «nd correspondence solicited.
Buy and
&
Co.
C. T. WlIxaB
Cashier.
)
1875.)
German Bank,
$75,000.
3i,000.
CAPITAL
(rAQ-iH)
SURPLUB
Prompt att«stIos given
to all bnslness tn our line.
N. Y. COBW.'»:*oi.*D«WTB, Donnell. Liawson A Co. and
the Metropolitan National Bank.
Financial.
FIDEUTY GUARANTEE BONDS
ARK ISSUED BY THE
FIDELITY
CASUALTY
A;
OF
NEW
BANK. OF CHARLESTOiV,
National Banking Association,
CHARLESTON,
CO.
TORK,
The only company organized in the United States
guarantee ng the Udelity of persons holding positions of pecuniary tru.st and responsibility, thus se-
curing aCORPORATB OUAKANTKE In lieu 01 a
personal bond where security is required for the
faithful performance of the duties of employees in
all positions of trust.
^,
^
Full Information can be obtained at the offlce, 1
Broadway.
WM. M. KiCHARDS. President.
Lyman W. Briogs, Vice-President.
John M. Crane, secretary.
Bi>waru STAitK, General Agei^.
DiH«CTORS-<3eorge T. Hope, A. B. Hull, O.Q.
Williams, W. G. Low. A. S. Barnes. H. A. Hurlbilt,
Geo S Coe. J. S.T.Stranahan, Charles Dennis, Wm.
M. Kichards, H. J3. Clatiin, John D. Malrs, Lyman W.
Briggs, S. B. Chittenden.
BO^dDS OF SURETYSHIP
For Employees In Fositions of Trust.
THE
Guarantee Comp'y
OF NORTH AMERICA.
(Formerly the
CANADA GUARANTEE
BSTAHLISBED
BALTIjnORE.
Co.,
Loani necottat«l. OoUeotioni made. TaxMpatd.
Municipal Securities bought and sold.
President.
Krkd. R. Scott, Vlce-Pres't.
&. CO.,
THOMAS
BANKERS AND COMMISSION MERCHANTS,
RICHMOND, VIRGINIA,
respondence
&
AND INSURANCE.
REAI. ESTATE
made on all Souihern points on best
prompt returns.
Morton, Caah.
and correspondence receive prompt at-
CORRtrspoNDKNTS.— Boston, National Bank of
North Anerlca; New York, American Exchange
National Bank and Ninth National Kank; Chicago.
Preston. Kean A Co.; St. Loui», Third Natienal
Bank Kansas Citr, Hank ef Kansas CItr and Uerchants' National Bank.
Collections
Information on alt classes of Southern Securities:
Corespecially State Bonds, Tax Coupons, 4c.
SOUTH STREET,
Wilson, Colston
* CO.
MERCHANTS' NATIONAL BANK,
J. B.
BALTIMORE
sell
promptly attended to
New York Correspondent, TBRMILTE
terms
$60,00*
Capital,
_
RICHMOND, VIRGINIA,
Bur and
Co.,
BANKERS,
LITTLE ROCK, ARK.
A. K.
Pres't.
National Bank,
First
DEVONSHIRE STREET,
No. 83
r*"
BUBRUSS,
E. B.
&
A. Prescott
of Liverpool. Liverpool.
STATE STREET, BOSTON.
ST. LOCIS, Rio,
H. R. Prather
THOS.P.MILLKB, R. D. WILLIAMS, JNO. W.IIILLKB
CBA8. B. UlLLXR.
Co.,
Western Investment Securities for
sale. St. Louis City and States of Missouri. Kansas,
Texas. Arkansa* and Colorado Bonds a specialty.
Full information Kiven in reference to same on ap*
lication. Coupons and dividends collected.
;
40
STREET,
&
First-class
Southern Bankers.
payment.
Correspondents.— German-American Bank, New
Tork Louisiana National Bank, New Orleans ; Bank
BANKEBS
305 OlilVE
furnished.
Receive sccounts of Banks. Bankers. Corporationa
at the
P. F. Keleher
Dealers In all Issues of United States Bonds.
Investment Securities a speciait7> Correspondence
Invited and full information upon financial subjects
and IndiTiduuls upon favorable terms.
Deal In GoTersments and Standard Investment
Securities.
Western and Southwestern Municipal and Railroad
UundB or Stocks.
Defaulted bonds a specialty. Choice investment
securities Mlwaya for sale. Write to us before you
buy or sell any Illinois. Missouri or Kansas bonds.
M. SHOXMAKXn.
A. P. Turner & Co.,
BANKERS,
Co.,
113 No Third Street, St. Louis, Me.,
DBALEKS IS
Banken.
Jog.
BANKERS AND STOCK BROKEBS,
PHILADELPHIA.
St.,
MEMBERS OF THE NEW TORK AND BOSTON
NEtr YORK.
Thomas.
134 8outh Third
CONGRESS &TREET,
BOSTON.
14 TVall
C.
Thomas & Shoemaker,
BANKERS,
No.
Whitaker,
ST. LOUIS, MO.,
STREET,
BALTiniORE.
313.
Orders for Stocks executed in Boston,
Philadelphia and Richmond.
CONGRESS STREET AND
CONGRESS SQUARE,
Ho. 7
&
Matthews
BANKERS AND BROKERS,
PHILADELPHIA,
El>WAKn8 WRITAKIB,
Member N. V. Stock Exch.
liXONABD MATTHEWS.
SethH.&H.B. Whiteley John V. Hogan &
NBW YORK,
WM.
IVID.
information on
full
financial subjects furnished.
BOSTON,
GEO.
Morison,
BROKERS,
OF ALX, ISSUKS.
_
Western Bankers*
MOBISON.
STOCKS, NOTES AND BONDS. AND DKALERS
IN FOKKIGN KXCHANGE,
Comer South and German Street*,
coMMisaioy orsbbs xxeovisd la
_
&
Whiteley
CSOTERNMENT BONDS,
^
B. N.
XXXH
[Toil.
S. C.
Special attention given to Collections.
IS
CO.)
1872.
TRAXSTHE ONLY COMPAlfT Iff AMERICA
EXCLUSIVELY.
ACTISO TBIS BUSINESS
Subscribed capital.....
Paid-up capital in oaah
Assets
Deposited at Albany in U.S. Bonds
KBW
*S1S'222
-tVM'SxS
!i40,000
100,000
YORK DIRECTORS:
3.
D. VERiMILiYE,
II
H.
Prest. Merchants' Nat.
Bank.
Nat. Bank,
SHERMAN, l»rest. Mechanics'
B. MXNTURN, Messrs. Qrinnell, Mln-
ROUERT
A. 'l.™ HOPKINS, Vice-President Wabash
Ix)ui8 & Pucitic Uailroad Company.
JOHN PA TON, Messrs. Jesup, Paton & Co.
W. H. DTCKWAN. Secy., 47 William
St.
St.
i
MAr
THE CHRONICLE.
28, 1881.J
FinaBClal.
Financial.
The Brooklyn
&
Cor.of Montague
This Company
Clinton sts..BrookIrn, N. T.
authorized by special charter to
act as receiver, trustee, guardian, executor, or administrator.
It can act as a^ent fn the sale or maniifteiQent or
real estiite, collect interest or dividends, receive
reffiHtry and trunsfor books, or make purctiaae and
Bale nf (iovernmeiit iind other Becurities.
Keli^inus and charitiiblo institutluns, and persons
auuccustomed to the transiictlon of busirieHs, will
find this Company a safe and convenient depository
RIPLKY HOPES, President.
for money.
CHA8. R. MARVIN, Vice-Prest.
Financial.
WAVTED
Dominion of Canada.
Trust Co.
is
TUB FINANCIAL ASSOCIATION OF ONTARIO
In
Is
a position to furnish Investors with choice In-
vestment securities, carefully selected, yielding
from SIX to
SEVEN AND A-HALF PER CENT
per annam.
Special attention fflven to business
from the United States. Correspondence
solicited.
Ttae Financial Association of Ontario,
LONDON, CANADA.
EDWARD LB RUEY, Managing Director.
TRUSTEES:
Wm. B. Kendall,
Ill
Henry Sanner,
Alex. McCue,
John P. Roife. Chas. R.Marvin. A. A. Ixjw.
B. F. Knowlton, Abm. B.Baylls. I!enry K. Sheldon,
H.K. Pierrep()nt. Dun'U'imuncey, John T. Martin,
Alex. M. White, Jusiah O. Luw, Ripley Ropes.
Austin Corbin. Edmund W. Corlles.
WM. R. BUNKER. Secretary,
rilTV OF 8T. JOMEPII, Mo., BONDS.
ADDRESS
&
Jesup, Paton
Successor to
BANKERS,
SMITH & HANNAMAN,
Indlanapolla, Ind.
63 William Street, Neiv YorlL.
E.
Accounts and Agency of Banks, Corporattons,
Orma and individuals received upon favorable termi.
Dividends and interest collected and remitted.
Act as agents for corporations In paying coaponi
and dividends'; also as transfer agents.
Bonds, stocks and securities bought and sold on
Union Bank of London.
Insurance
Stocks
Cash paid at once for the above Securities; or
they will be sold on commlSBlon, at seller's option
ir
Purchase and
on Commission
sell
GOVERNMENT
UAILIIOAD BOKDS and STOCKS. an« all
classes of Securities dealt in at the NEW YORK
STOCK KXCllANOK. or all reputable Securities
»iid
bouKht and sold in the OPKN MARKET. LOANS
and COM.MKRCIAI, PAPER negotiated. Interest
paid on DEPOSITS, subject to check.
BRANCH OFFICE
No. 661 Fifth Ave., under Hotel Osborne.
:
Teko. v.
Uax
John 8ickm.s.
S.iffD.
K.
sand. Member N. Y. Stock Exob.
Sand Brothers
&
Sons,
Sistare's
NASSAU
due June
for cash or
Stock
Interest allowed on dally balances.
All deposits subject to check at sight.
Particular attention to orders by mall or tele-
aaet
.
Geo. H. Prentiss,
WALIi STREET,
NEW YORK.
CAS STOCKS
AND
BANKERS AND BBOKBRS,
SECITRITIES,
£4 ITall Street, New York.
RAILROAD
STOCKS AND BONDS
STREET
STOCKS AND BONDS BOUGHT AND SOLO ON
OAS
COMMISSION.
AND ALL KINDS OP
COMMERCIAL PAPER NEGOTIATED.
BROOKLYN SECURITIES
DEALT
John
J.
Cisco
Son,
6c
BANKERS,
WAL8T0N
n.
BROWX.
STOCKS
Walston H. Brown & Bro.
11
8PBCLA.L
BONDS
At Auction.
Undersigned hold
SALES
REGULAR AUCTION
OS
WEDNESDAYS AND SATURDAYS.
&
IIIIJL.r.ER
SON
No. 7 PINE STREET, NEW YORK.
York.
ATTENTION GIVEN TO THE NEGO-
RAILROAD SECURITIES.
New
York,
New England & Western
INVESTMENT
CO.,
Samuel A. Strang,
NOS. 31
PINE STREET,
UNION BUILDING, CHICAGO.
TiEXV
BANKER
YORK,
AND COMMISSION MERCHANT,
Bays and
sells
Inrestmect Securities. All bosi*
neas connected with railways undertaken.
Fred H. Smith,
BANKER AND BROKER,
No. 13
AND
33
PINB
CAPITAL STOCK,
for tbe past 10 Year
A SPECI ALT
Y,
InTcstors or Dealers wishing to bay or sell are
iny ted to communicate.
State, Municipal and
uaiiway Bonds and Coupons bought and sold at best
MATket Rates.
YORK,
$1,000,000
-
O^ers to investors carefully-selected securitte''
from 6 to 8 per cent interest. Investment
securities boueht and sold on commission. Settlements made for holders of defaulted securltlea
Will act as agents in funding &nd reofKanlzing debta
of municipalities, railroad companies, and other
corporations. Currespondence solicited.
John C. Shout, President,
> j^._
-e«-h.
Qeouoe W. Debevoise. V. Pres. ( * lor*.
Wu. P. Watson, Sec. and Treafl..Chicaffo.
RAILROAD SECURITIES
all
NEW
bearintr
BROAD STREET, JJEW YORK.
tAn Intimate knowledge of
ST.,
Hickling
40
dc
&
42 Exehmnge Place,
Bay and sell all N.Y.
Co.,
New
York,
Stocks, on 3 to 5 percent marPrivileKee at favorable rates. (50, 100 shares,
desired, we will use our judgment in selecting
stocks.
Opportunities constantly occurrinjr (or
Urge proflta. Call or write for lalomstloii.
fln.
f
COBT-
be paid on presentation on
oBce.
this
W. 6PBNCEB,
Treasurer.
ST. LOUIS RAILWAY
OfBce of the President
TEXAS A
CO
/10UP0NS OF THE FIRST MORTKAUE
HAtil
\>BoNDp. due June 1, win be pa.d at tbe .National
of Commerce In New York or at the Third
Bask of St. Louis.
J. W. PARAMORE, President.
Bank
National
pENN8YL,VANIA RAILROAD COMPANY
^
Treasurer's Depabtmknt,
Fbiladelphia, May 2, 1881.
Tbe Board of Directors bare this day declared a
Seml-Annual Dividend of FOUR PKB CENT on
the Capital Stock of tbe Company, clear of all
taxes, payable In cash on and after May 38, to stockholders as registered on tbe books at 3 P. M.
April 30, 1881.
On May 38, dividends will be paid to women only;
after that date they must await their turn with
other stockholders.
The Board have also Instructed the Treasurer to
give public notice that the stockholders will have
he privilege of subscribing at par to the stock of
the Company In the proportion of
ONE-HALF PER CENT of the number of shares
registered In their names April 30, 1881, and those
entitled to a fraction of a share can subscribe for a
fttl'. share.
All subsorlptlons must be made and
paid for in full prior to June 15. 1881, and no subscriptions will be received after that date. The
privilege of taking new stock may be sold by any
stockholder, and blank forms of allotment will be
furnished upon application.
D. TAYLOR,
TWELVE AND
JOHN
of all classes of
ADRIAN H.
TIATION OF
30
and
STOCKS AWn BONDS
FRED. A. BROWN,
BANKERS,
Pine Street, New
IN.
BEE GAS QUOTATIONS IN THIS PAPER.
No. 99 WALL STREET, NEW YORK.
DEPOSITS RECEIVED SUBJECT TO CHECK
AT SIGHT. AND INTEREST AXLOWKD ON
DAILY BALANCES.
GOVERNMENT BONDS. STOCKS AND ALL
INVESTMENT SECURITIES BOUGHT AND The
BOLD ON CO.MMISSION.
I
1881, will
B.
on mar-
New York
the
Exchange.
Co.,
1,
and after that date at
IN
Bay and Sell on Commission,
gin, all securities dealt in at
21
NOTICE.
UMYESTMENTS.
FIRST-CL.4SS
No. 17
TREASURlB'g OrPICX,
CO.,
LANDT STBMT, NBW YORK.
Coupons of the Mortgage Bonds of this companf,
NEW YORK,
ST.,
DEALERS
- l^ewYoRK'
RAILROAD
A SPECIALTY.
Geo. K.
§t.
BOUtiUT BV
WM. K. UTLEY, No. 31 Pine Street, N.Y.
I^EW YORK LAKE ERIE (& WESTERN
Dealings in
Sound
railroad and municipal bonds negotiated.
SterliDK exchange bought and sold. Drafts on
Bailey,
S.
PINE STREET.
T
oommission.
25 f me
V^ Wisconsin Central Railroad ijaud Grant Bonda*
Chicago tc Canada Southern Konds.
Atchison Colorailo X Pacific Hit. Bonds.
Mobile AUnind Trunk Railroad Bonds.
St. Joseph & Western Itailroad Securities.
South ii North Ahibania Uallroad Stock.
Brooklyn Elevated Railroad B<»nds and Stook.
South Carolina Railroad Securities.
Midland Rjlllroad of New Jersey Bonds and Stock
County, City and Town Bonds of Western States.
Gnind Rapids & Indiana Railroad Securities.
Milwaukee & Northern Railruaa Bonds.
Atlantic ft Pacitlc Ruilroiid Itit Mortgage Bonds.
FR%.\CIS smiTii,
Co.,
EASTO\,
With BOUDY, McLELLAN Si CO., Banken,
No 88 BROADWAY, NEW YORK.
Per Cent Mortgages,
I
Atchison Colorado k PaclAc Railroad Bonds.
Cincinnati Municipal Bonds.
County and City Bonds of Ohio. Indiana, Illlnoli,
Iowa. Michigan and Wisconsin.
Dallas City. Texas, Bonds.
Houston, Texas. Defaultln z Market Bonds.
Long Island City. N. Y., Assessment Certlflcatef.
Oregon ImproTement Bonds and Stock.
D. A.
FOR CHOICE
:
Scioto Valler Railroad Bonds and Stock.
Columbus & Toledo Railroad Bonds and Stock.
Ohio A West Virginia Uallroad Bonds.
Chicago ft Northwest. Railroad con. 7s, doe 191S.
Missouri Pac:flc Railroad 3d Mortgage Bonds.
Treasurer,
/OFFICE OF THE CANTON COMPANY
BALTIMORE,
^-'OF
28
SOUTH SIREIT, BaLTI-
iio«s, May 16, 1881.— Notice is hereby given to the
stockholders of the Canton Company of Baltimore
that the Annual Meeting (required by their charter
and by-laws; will be held at their otBca No. 28 Sonth
Street, in tbe City of Baltimore, on Wednesday, the
8th day of June next, at 12 o'clock noon, for the
election of nine directors for the ensuing year.
The stock ransf er books will be closed on the 11th
nst. and will remain so until after the election.
W. B. BROOKS, President.
Wm. W. JAKNIT, Secretary.
rvREGON IMPROVEMENT COMPANY,
^-'20 NASSAU STREET, NEW YORK, May 14, 1881.—
Coupons of June 1, 1881, from bonds of the Oregon
Improvement Company will be paid at maturity by
the Farmer's Loan ft Trust Company, 26 Exchange
Place.
New
'
York.
HORACE WHITE,
Chronicle
Treasurer.
Numbers
WANTED:
December
28, 1878
;
April 20,
May
17, Sept. 13
and
Nov. I, 1879; also, INVESTORS' SUPPLEMENT of
February 22 and October 25, 1879. CHRONICLE,
January 2t, 1880. A liberal price will be paid for
Volume
1,
Issued in 1866.
Offlce, 79 ft SI
Apply at FubUcatloa
^YiUlam Street.
THE CHRONICLE.
IV
[Vol.
Financial.
Financial.
Strictly 31ixiiicipa,l
JACKSON LANSING
& SAGINAW
CITY OF
CINCINNATI
4s,
PRINCIPAL AND INTEREST
PAYABLE IN NEW YORK
Financial.
loan
MICHIGAN CENTRAL EE.
CO.
and
at a price
which establishes
the credit of the city equal
Siuklngr Fuiicl,«25,000 Yearly.
1,
1891.
INTEREST MARCH AND SEPTEMBER.
Both principal and interest nncon-
with any ditionally guaranteed by
NEW YORK AND
CO.,
BOSTON.
CO.
PRICE, lOS AND INTEREST,
BESEEVING THE BIGHT TO ADVANCE
THE PEICE WITHOUT NOTICE.
FIRST IVIORTOAOE
FORTF-YEAR OOL.D BOXD§.
Interest 6 per cent.
Road now completed between Norfolk, Va., and
Elizabeth City. JV. C. connecting the waters of
Norfolk Harbor and Chesapeake Bay with the Albermarle and Pamlico Sounds and their tributariestwelve deep and navijrable rivers.
We regard these bonds as a safe and desirable
Investment, and are now offering a limited amount
at 99 and intere^f (reserving the right to advance
price withnut notice.) Full information furnished
on application by mail or otherwise.
BANKERS,
UNITED BANK BUILDING,
Cor. Wall Street and Broadway,
of the road la
TO INVESTORS:
a limited amount of Richmond
& Danville Railroad Six Per Cent Gold Bonds, du«
In 1915, at 10S and accrued interest, with the right
to advance the price from time to time without
notice. These bonds are secured by a consolidated
mortgage on the Richmond & Danville Railroad and
the Piedmont Railroad, and the lease of the North
CaroUoa Railroad. We can confidently recommend
these bonds, as the annual report for the year ending Sept. 30, 1880, showed that the company had
reduced its debt over $450,000 during the two preceding years, besides adding largely to the rolling
stock and machinery, and also purchasing 6.300
tons of steel rails. For seven months ending 30th
April. 1881, the net receipts exceeded $240,000, equal
o about 6 per cent on its capital stock, after paying Interest, rents, and all other fixed charges,
besides paying largo amounts for equipment, steel
rails and additional workshops. The receipts for
carrying mails last April show an increase of over
100 per cent over same month last year and from
freight of 39 per cent.
Previous to Ist of May 40 per cent of the Atlanta
& Charlotte freight went via the Carolina Central
Railroad; now all its through freights go over the
Richmond & Danville Railroad, which will add
largely to Its Income. Richmond & Danville RR.
ftockis selUu; at 115. Respectfully,
THOS. BRANCH
&
THIS
A FIRST-CLASS SECURITY, AND
IS
WILL AT ONCE C0MM3ND ITSELF TO THOSE
SEEKING A PRIME INVESTMENT.
Daniel
ar
WK MAKB A
SPECIALTY OF THESE VERT
SAFE SECURITIES, AND BUY AND SELL SAME
AT MARKET PRICE.
WE OFFER A LIMITED AMOUNT OF DESIRABLE CAR TRUST ISSUES, ADDITIONALLY
SECURED BY THE DIRECT OBLIGATIOX OF
THE RAILWAY EQUIPMENT COMPANY.
CLARK, POST~&
I«ARTli\,
31 PINE STREET.
IVtox-an,
-A—
Chesapeake
&
W.
Ohio
.-oute,
YORK.
SEVEN PER CENT
FIRST
and thus an im-
portant link In that system.
Wa hare
amount remaining of the
only a small
Chesapeake
&
Ohio R'y
SEIIIES "A" BO.\DS;
PKICE 105 AND ACCRUED INTEREST.
STREET,
PISfE
NEW
MORTGAGE BONDS
Farther iuformatloD concerning the above
bonds can be had at our office.
& HATCH,
FISK:
OF THE
NASSAU
5
ST.,
NEW
TORK.
NATCHEZ JACKSON & COLUMBUS
RAILROAD
Diio 1910.
June Investments.
OOMPiXT,
Interest April and October, at
Bank of America, New York.
Length of road 100 miles; whole issue ot bonds
$600,000, being $6,000 per mile.
For Sale at
97^ and Accrued
BRIXTON
(Drexel Building),
Interest.
&
BVRR.
27
WALL
ST., N. Y.
Further particulars famished upon application.
Spencer Trask
Successors
&
Co.,
Sanduskjr Manalleld & Newark RR. Ists, 7s, 190»Toledo Peoria & Western RR. Ists, 7s, 1917.
Cincinnati Hamilton A Dayton RR. Ists, 69, 1905.
Cin. Indianapolis St. L. & Chic. RIt. Ists, 69, 1930.
Scioto Valley Railway Co., 7', gold, 1910.
EvansT. Terre Haute &, Chic. Railway Ists, 8s, 1900.
Newark Som. A Straits. Railroad Ista, 7s, 18^.
New Jersey Southern Hallway Co. Ists, 6s, 1899.
Flint 4 Pare Marquette 6s, 1920.
Ohio & West VlrRinla Railway Co.
€HAS.
NEW YORK,
to
(With A. M. Kidder
New York
&
WE OFFER
BANKERS AND BROKERS,
70 Broadway,
7s, 1910.
WING,
T.
18 WAIil, STREET,
TRASK & FRANCIS,
Co.. Bankers.)
$50,000
CIT¥ OF JOLIET, ILLI\OIS»
City.
Transact a general Banking Business
WATERWORKS COMPANY
Stocks Bought and Sold on Margins.
Interest allowed on Deposits.
Cent Bonds.
Per
Six
BRA^•CH OFFICES,
Connected by Private Wires,
Pliiladelphia, 132 S. Third St., C. F.
Albany, N.Y., Maiden Lane,
CO.,
Richmond, Virginia.
Car Trust Bonds.
from Lexington, Ky.,
Va., through the rich blue
griiss region of Kentucky, being the neck of the
New Tork.
We offer for Bale
Company's
102 1-2 and Accrued Interest.
Price,
to Huntington,
OOMI^ICK & DICKERMAIV^
]VOTI€E
est payable to owner or attorney at
oflSce in New York City.
March and September.
iBSue limited to ^900,000— on 75 miles of road, or
112.000 per mile.
COUPON OR
$1,000,
Registered Bonds have coupons attached pay"
able to bearer, or with coupons detached inter-
The route
Elizabeth City & Norfolk
RAILROAD COMPANY
DENOMINATIONS
REGISTERED.
MICHIGAN CENTRAL RR.
&
INTEREST SIX PER CENT, PAYABLE
SEMI-ANNUALLY,
JIARCH 1 AND 8EPTE.MBER 1.
tlie
in the country.
GEO. WMT. BALLOU
Big Sandy RR.,
Mortgage, ?3,500,000. Principal due 1902
were largely in excess of the amount
issued,
&
Lexington
DIVISION,
SIX PER CENT FIRST MORTGAGE
CONSOLIDATED BONDS.
FIR,ST MORTGAGE SIX PER CENT
SINKING FUND GOLD BONDS.
BY
THE
OPEKATED
KOAD OWNED AND
CITY.
for this
Elizabethtown
EASTERN
PRINCIPAI. DUE SEPT.
The aggregate bids
XXXn.
WM.
21
C.
A
Fox
W. A. Graves
NOYES,
NASSAU STREET, NE1¥ YORK,
DEALER IK
GAS STOCKS AND RO.\l>S,
TELEGRAPH STOCKS,
TRUST COMPANYS' STOCKS,
CMf and other Railroad Stocks & Bonds
AND
lUISCEIil^NEOUS SECUKITIXS.
A.
Safe and Desirable Investment.
W. BEASLEY & CO.,
98
BROADWAY, NEW YORK.
&
C. H,
E. Odell,
AGENTS FOR
Steel
and Iron Rail
MANUFACTUKEKS,
104 Jolin Street,
NEW
\'ORK
Rooms 10 &
ClffY'
11,
xtmtk
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
year 1881, by
lEiitered, according to act ot Congress, In tbe
VOL.
Wm.
B.
Dana A
Co., in the olBoe of tlie Librarian of Congreas,
SATURDAY, MAY
32.
C
ONTE NTS.
Situation
A. Seott and
565
France and Tunis
Commerciai
Mouctary and
561
NO
1881.
A
carried along without material reaction.
THE CHRONICLE.
The Financial
28,
Washington, D.
only raises anew the question, where and
C]
831.
fresh advance
when
will it
end ? The bolder operators laugh in reply, while the
567
English News
Line Man.igcmcnt
502
more timid realize their profits; but the latter quickly buy
Bl-Motalllsm and Free Trade.. 564 Commercial and Miscellaneous
569
Taxation of National Banlr
News
in again as the market begins to run away from them.
Stock
565
THE BANKERS' GAZETTE.
The truth is, first-class properties have been very largely
Money Market, Foreign ExQuotations of Stocks and Bonds 572
573 withdrawn from the street and locked up by investors.
change, U.S. Securities, State
Miscellaneous Quotations
Railroad Earnings and Bank
and Railroad Bonds and
574 Hence every speculative sale makes it more difficult to obtain
Returns
Stocks
570
Range in Prices at the N. Y.
Investments, and State, City
571
Stock Exchange
and Corporation Finances. .. 575 them to cover, while the purchase pushes up the price.
THE COMMERCIAL TIMES.
.579 Breadstufls
586 Besides that,. the whole community seem to have money
Commercial Epitome
587
Cotton
579 Dry Goods
to invest, and are eager buyers on any decline in values.
This fact, and the continued increased earnings not
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 neies up to midnight of Friday.
[Entered at the Post Office at New York, N. Y., aa second-class of trade, the promising outlook for the crops, and the
mail matter.]
abundance of capital offering in the loan market, seem to
furnish every favorable condition necessary for a buoyant
ADVANCEi
TERMS OF SUBSCRIPTIONHPAYABLE IN
Thomas
Trunk
;
I
—
—
For One Year (including postage)
For Six Months
ao
Annual subscription in London (including postage)
do
Six mos.
do
do
$10
6
20.
10.
£2
7s.
1 8s.
Subscriptions will be continued until ordered stopped by a written
order, or at the publication office. The Publishers cannot be responsible
lor Bemlttunces unless made by Drafts or Post-OfHce Money Orders.
Advert Isements.
Transient adyertiseraeuts are published at 25 cents per line for each
Insertion, but when definite orders are given for five, or more, insertions,
a liberal discount is made. Special Notices in Banking and Flnauotal
column 60 cents per line, each insertion.
Loudon and Liverpool Offices.
The office of the Chronicle In Loiidim is at No. 74 Old Broad Street,
and In Liverpool, at No. 5 Brown » iiiiililings. where subscriptions and
advertisements will be taken at the regular rates, and single copies of
the paper supplied at Is. each.
WILLIAM B. DANA ft CO., PubHihers,
WILLIAM B. DANA, »
79 (c 81 William Street,
YORE.
JOBS a. FLOVD, JK. j
POST Office Box 4592.
market.
As may be judged from the foregoing statements,
money continues in abundance, and can readily be borrowed on most any
All the present indications
security.
point to a continuance of this condition.
employ
difficult to
tory figures.
established
their balances at
New
railroad
enterprises
companies are oSered
Banks
anything like
to
find
it
satisfac-
and loans by old
the public almost
and the avidity with which they are accepted
is so abundant that it is difficult
The money currents,
to find
employment for it.
A neat tile cover is furnished at 50 cents postage on the same is however, which have of late set so strongly from the inlS~c"ents. Volumes bound for subscribers at $1 00. A complete set of
the Commercial and Financial Cubonicle—July, 1865, to date- terior towards this center, have been in a measure arrested.
can be obtained at the otSce,
At New Orleans the rate for commercial exchange is down
NEW
daily,
proves that capital
'
;
FINANCIAL SITUATION.
TJ££
The Secretary
that his device
More
week.
refunding has accomplished
work.
per
for
its
all its
set.
last
Thus a matter that Congress quarreled
and very nearly succeeded in so
session
@
25 cents per $1,000 premium against §1 2.5 last
to par, after being 50 cents
At Chicago it is down
$1,000 premium early in
week
registered bonds have been presented for extension
than the limit
over
to par
of the Treasury has announced this
the week, but at St. Louis
there appears to be a greater abundance and the rate has
risen to 75 cents per $1,000
ter
demand
for
premium. This indicates a bet-
money at most
points in the interior, prob-
Dotching as to disturb the entire commercial activities of
ably resulting from increased activity in business.
the country, has been
this
at
merely a nominal
cost, quietly
arranged and in a way which serves best every interest
concerned.
As
a sense of elation pervades the
community over the
If
demand continues we may look for a light movement of currency to this point. But there is little danger of any scarcity here.
The associated banks were
never so full of gold as they now are. The deposits have
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.
been reached was responded to by a new rise in prices all
The Treasury operations for the week have resulted in
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 rebeen after each previous advance, of the tumble ceipts, exclusive of transfers of $1,400,000 gold from San
which must necessaMly 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 1 for two oi our city banks, and also xlrawing $650,000 ex-
result,
of
course "Wall
Street reflected
—
.
THE CHKONICLE.
562
[Vol.
XXXIL
After the announcement that the limit of registered 5s
change on Philadelphia. The payments by the Assay Office
bullion
foreign
amounted
which
to
$228,410
for
could be extended had been reached, the Governand
domestic
for
The daily receipts by the Treasury for customs ment bond market became dull, but later it was more
the week.
have been as follows.
active,
and the demand now
The supply
ment.
of—
Consisting
VulUt.
Date.
Gold.
May
"
"
"
"
*407,9o5
464,819
486.508
429,950
278,837
317,965
Total...
V.8.
Silver
Dollars.
$14,000
10,000
11,000
15,000
65
67
$2,386,037 21
$1,154,000
$71.000
" 26.
87
41
45
16
so
is
chiefly for the 4s for invest-
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
Hotet.
$174,000
270,000
218.000
178,000
130,000
184,000
20.
21.
23.
24.
25.
is
recorded.
2,000
THOMAS
SCOTT AND TRUNK-LINE
A.
MANA QEMENT.
1,000
7,000
14,000
"With the death of
$3,000
$1,147.000
man
Thomas A.
of peculiar enterprise
and
Scott the country loses a
activity,
shrewd and quick
The following table shows the net Sub-Treasury move- of judgment, and yet extremely venturesome, the impress
ment for the week ending the 26th, and also the receipts of whose character is clearly seen in the most comprehenand shipments of gold and currency reported by the sive system of railroads united in one corporation in the
Last week's bank state- United States, or indeed in any country. He was, as our
principal banks of this city.
ment doubtless very nearly reflected the actual condition readers know, at one time deeply interested in the roads
and in view of the facts now presented we may look for a, of the South, was for a brief period in 1871-2 president
falling off in the reserve.
of the Union Pacific, and later, for many years
almost up
to the closing days of his eventful life^was the heart and
Into Sanks. OiUof Banks
Net.
soul of the Texas & Pacific undertaking.
Yet with none
-$680 877
$
$680,877
Treasury operations, net
It
1,663,000
1,245,000
418,000 of these is his name likely to be linked in the future.
—
$1,663,000
Total
"$262,877
$1,925,877
—
is in the Pennsylvania
that great corporation with which
he was identified for well nigh thirty years of his active
—
movemest shown above embraces all the career that one must seek the chief results of his lifeand shipments of gold and currency reported to work. It is this company that gave him fame, and it is
us by the banks for the week ended the 26th, as follows. with this company that his name will always be assoThe
interior
receipts
Receipts at
and Shipments from N.
Gold
Seceived.
Shipped.
$1,651,000
12,000
1,025,000
$1,663,000
$1,245,000
Y.
,
Total
$220,000
The Bank of England gained £111,000 bullion for the
week. The Bank of France reports an increase of 8,625,000 francs gold and 2,325,000 francs silver. The Bank of
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.
May
Jfay26, 1831.
Oold.
27, 1880.
Oold.
Silver.
£
Silver.
£
Bank of England
Bank of France
Bank of Gei-mauy ..
25,953,509
27,538,300
24,985,232 49,859,030 32,417,205 49,353,166
9,885,666 19,771,334
9,363,00o 19.812,982
Total tills week
Total previous week.
60,301,749 69,672,012 69,841,231 69,121,500
i9.770.962 08. 538,746
oi>,601,499 68,948,2621(69,
B^ of
B^k
The above eold and
silver divieion of the stock of coin of the
Germany is merely popular
no information on that
estimate, as the
Bank
itself gives
point.
Foreign exchange was advanced early
in the
week, but
ciated.
would be difficult to proportion justly between Scott
Edgar Thomson, who died seven years before, the
praise that is due to the two Bsen who were mainly instr»mental in bringing the Pennsylvania up to its present
Even while Thomson was still aUve,
splendid dimensions.
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.
Such a belief is natural, inasmuch as to Scott were left all
the details of a plan and the work of its execution,
It is likely,
Thomson hardly ever showing his hand.
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
Thomson was great at planning
each other's gifts.
skilful in laying out operations and devising projects
while Scott was an efBcient organizer and had large
executive ability, and was therefore of material assistance
On the other hand, Thomson, while not
to Thomson.
content to stand still, was yet cautious, and thus he was
It
and
J.
was mainly due to the natural reaction after the falj
The rates were barely steady on Wednesday
last week.
enabled to render important service in holding Scott in
and Thursday, and reacted slightly Friday, and there was
check, who with his spirit and daring was inclined to be
a little better supply of bills drawn against purchases of
During the declining years of
rash and impulsive.
There is a small
railroad securities for foreign account.
Thomson's life, when probably Scott's ascendancy over
margin of profit for cable transactions, as will be seen by
him became more marked, there is to be observed a dethe following.
parture from the conservative policy which had previously
26
May
27.
distinguished the company's progress, and to this, it is not
May
May 8i.
May 25.
Man 23.
are we indebted for the extravagance and even
unlikely,
Lond'n N.T. Lond'n N.r. Lond'n N.T. L&nd'n ...r. Lond'n X.T.
prices.* pricet. prices.* prices. prices.' prices. prices.' prices. prices.' prices.
recklessness with which the company's plans were at that
llSXi
D.8.48,c. 116-.6 mhi 117-24 U7)s 117-24 mn 117-91 mn 117-73
time carried out.
this
104-11
104-33
104J»
101-23
50-35
50M
5010
50M
50-35
iO%
Sdcon. 105-35; lOSH 105-57J !08« 105-081
WSH
105-57;
108K
U.8.6s,c. 104- 13
60-61
Erie
111.
Cent. 115-40
104«
SOli
U6
N. y. C. 151-71 151W
Reading 29-85+ 59H
104 23
50-83
144-87
151-69
29-31t
105
soy,
105
105«
144-97
145
145-95
lOSM
145M
105-57*
145
15!'4
145-46
145
152-27
151«
153-27
1515i
28-94t
59ji
151-90
29-7»*
ism
58«
29 43+
59
sm
Bich'ge,
cables.
•
-f
J
4-S5^
4-R6W
4-86^
4-86W
4-86W
Expressed in their New York equiralent.
Readme on basis of 150, pur value.
Ex-interest.
NOTE.— The New York equiv.ileut is based upon the highest rate for
cable transfers, which ordinarily coversnearly all charges, such as
interest, insurance and commissions.
But
it
is
make any
Our purpose was merely to
not our intention in this place to
estimate of Scott's character.
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
What Vanderbilt
trunk lines in building up their traffic.
did for New York through the Central, and Garrett has
done for Baltimore through the Baltimore
&
Ohio,
Thomson
—
May
THE CHRONrCLE.
28, 1881.J
and Soott did
563
The Baltimore & Ohio & Chicago (which
for Philadelphia through the Pennsylvania.
&
Ohio a
Yet, as remarked, the methods pursued were widely differAll were imbued with the same idea, namely, that ia
ent.
timore
order to make sure of a share of the immense business
West and Northwest were opening up, it was
that account
and the only
line to
that the
liability
gives the Bal-
Chicago) was not built
till
later,
company has incurred on
the payment of interest on the bonds issued
For the last two years the road has earned
The Pittsburg &
essential that their lines should be extended beyond the more than enough to meet its interest.
limits of their respective States and be made to embrace Connellsville, which taps the rich manufacturing district of
other lines in other States and form continuous and un- Western Pennsylvania, was added to the Baltimore &
that the
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
as possible and at the smallest expense per unit of trafiBc.
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 circumspection he was bound that the end should be reached
without endangering the money he had already invested
So he acquired the Lake Shore
in New York Central.
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 CenIt gives a direct line to Chicago, and touches Clevetral.
and a host of minor points by the way, affordToledo,
land,
ing large accessions of traffic, which is transferred in good
In the same manner the
part to the Central at Buffalo.
Michigan Central was acquired, and later the Canada
on the
is
line.
Ohio system towards the close of 1875, the Baltimore ft
Ohio agreeing to pay the interest on the debt. Until
1878-9 there was a deficit, but in the last fiscal year there
was a surplus of $332,969 above all expenses and the full
As
on the debt.
interest
&
&
to the Marietta
Cincinnati
and
through the receiverships,
are 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
the Ohio
Mississippi,
money, and
if
these,
the property should be foreclosed
probably pass into
its
hands.
The Ohio &
it
would
Mississippi is at
present controlled through the Receiver, Mr. John King,
Jr.,
who is the First Vice-President of the Baltimore &
Whether the company has also a foothold by stock
Ohio.
or
bond ownership,
not known.
is
It is to
be observed that
&
Ohio went further than the Central,
which assumed nothing whatever on behalf of connecting
lines, it never went beyond a guarantee of interest on the
while the Baltimore
debt
— there was no guarantee of
anything on the stock of
Yet notwithstanding
and notwithonly about
interest of the Vanderbilts in the Chicago & Northwestern. 14f millions, or but 4^ millions above what it was twentyThus without involving the Central to the extent of a eight years ago, in 1853 the company was compelled to
single dollar (the interest on the Canada Southern mew cut down its dividends temporarily in 1877-8 to T^, from
mortgage bonds was in 1878 guaranteed for twenty years, 10, the former rate, and which is now again being paid.
but the Central has had to pay nothing on this account,
The Pennsylvania carried on operations on a much more
nor is it likely that it ever will, as the road is earning extensive scale. Not only that, but a certain recklessness,
dividends on the stock,) the trafBc of its leading tributary as already said, characterized its work of expansion.
It
lines has been assured to it beyond the power of rival lines was
not content with a single line to any one
As a consequence, the Central was able point it must needs get possession of the parallel
to take away.
to pay full 8 per cent on its large capital during all the lines too.
Thus
it
has duplicate roads to both
years of depression, while other lines had to reduce their Chicago and St. Louis.
In this respect it is unlike
dividends or suspend them altogether. This it could not 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 trafiBc
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.
alone.
Then the terms upon which it acquired the new
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 after the revival of business, and when all roads are
dissimilar to that of the Central.
They could not secure making larger net earnings than ever before, there are a
Southern.
It is
supposed also that the Central has an
additional hold on the Chicago business
by virtue
of the
an acquired road.
standing also that
its
stock
is
very smaH
this,
—
it is
—
—
to their road
the business of connecting lines in the
way number
adopted by the Central, so they had to give interest or
rental guarantees.
Yet there was no
in these guarantees; they
trace of recklessness
were in most cases moderate,
that are
every case
annual
it
sum
still
had
present time, with a single exception, these lines are
deficit
in
themselves.
Among
the
first
acquisitions
—
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
It is
not necessary to
—almost any one can readily
of them.
In almost
agree to the payment of a fixed
greatly in excess of the earning capacity of the
specify instances
profitable
a burden to the company.
leased road for a long time to come.
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
all
to
It
recall several
guaranteed not only the interest on the debt,
but very frequently large dividends besides on the stock.
Under
it had to meet a large annual
and this called for a heavy draft
on its net earnings. During the years of business prostration this difiSculty 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
these circumstances
on
its
leased lines,
& Ohio obtained possession of two of these altogether. With the revival of business there was of
was the payment of a percentage of the gross earnings
course a rapid improvement, and the leased lines made
on the Central Ohio the percentage was 35 and on the great strides forward, so that they are now a source of
the Baltimore
Newark Somerset &
Straitsville 30 per cent.
of the Sandusky Mansfield
sum per annum, which on
ably less than 30 per cent.
& Newark
In the case
the rental
the present earnings
is
is
a fixed
consider-
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 hnea
THE CHTIONKJLK
664
have, as a whole,
become
demonstrates the
profitable,
XXXn.
[Vol.
tion of the principle of free trade.
England's influence
must be urged and example backed by these results, extended to other
that the profit on them would be greater if some of the countries, and the drift of the commercial policy of all of
duplicate lines which are still operated at a loss had never Continental Europe and of British Colonies everywhere,
been acquired. But even were the lines all profitable twentyj^years" ago, was towards the practice of free trade
now, there would yet remain great doubt as to the wisdom to the utmost limit of their circumstances. France, under
The captain who, having the rule of Napoleon III., was led by Mr. Cobden to make
of the policy that acquired them.
overloaded his ship, takes her to sea and places her at the a commercial treaty with England that went far towards
mercy of the elements, and, through a fortuitous circum- substituting the principle of reciprocity for the highly
stance or a miracle, succeeds in bringing her safely to protective or prohibitory principle of the French general
port, may congratulate himself on his good luck, but he tariff, which also was materially modified in the same dican hardly assume that he has followed a safe course. We rection; and this opened the way to commercial treaties
do not wish to have it inferred that the Pennsylvania was at between France and other Powers.
But Germany, flushed with success in war, and having
any time in danger of being wrecked, yet it took upon
itself unusual and unnecessary risks, and its stockholders collected $1,000, 000, 000 as a war fine from France, thought
to become financially and commercially as great as the
suffered the consequences in a loss of dividends.
Mr. Scott was, therefore, evidently a man of an extreme- British Empire by copying the least important and
"We can only compare him in least effective of all its features of monetary policy, its
ly sanguine temperament.
this respect with Franklin B. Gowen of the Reading. gold standard of money, and changed her coinage laws in
Both had the same object iu view each desired to place 1872-3 to accomplish that result. After selling at great
the traffic of the road which he represented on a perma- loss much of her old silver, and losing by the operation of
nent basis. To accomplish this it was necessary for the laws of exchange which experience proved to her are
Pennsylvania that it should spread its arms out in various above her statute laws a great part of the gold procured
This was at so great cost, Germany discovers now that she had not
directions and lay hold of additional business.
necessary, we say, and therefore there could be no England's opportunity of 1816 for the adoption of the gold
But the point is that the standard and that she had not any one element of England's
objection to expansion.
idea was too greedily pursued and too extravagantly ability to maintain money payments on that standard her
carried out. In the same way we might urge, in extenua- success in war affording no assistance therein; and to-day
tion of Gowen's action, that the Reading being chiefly Germany stands (if we may credit the report of the words
dependent upon coal traffic, it was necessary to guard of her representative at the Monetary Conference in Paris)
against the coal lands' passing into the control of a rival in a position of monetary dependence upon London
But, waiving the objection to going into bankers, compelling her to "retain a monetary system
corporation.
wisdom
In reply
of acquiring them.
it
—
—
—
—
another sphere of business,
remains true that there
that of England, because London is the
German accounts are liquidated."
lands to the extreme to whick it was carried.
No one
Thus Germany legislated the gold standard and mone•doubts that the coal lands will ultimately become valu- tary chaos followed.
One nation can kindle a fire of Mis-
was no wisdom displayed
it
still
in carrying the purchase of the
-able, but that does not help the Reading to bridge over
the present deficit.
There is a great lesson in all this, and one which it is
~wise to recall, and wiser yet to heed at the present
moment. We have, however, no admiration for that dead
conservatism which spends itself in croaking over the
Scotts and
Gowens
of the world
would rather Hve in another's
itself.
And
;
" analogous to
"place where
chief that ten other nations cannot stay in
its
destructive
course.
But
if
Germany cannot undo
the mischief which her mis-
take has done the world, she resolves at least to save herself.
M. Laveleye shows veiy clearly the dilemma
as well as the rest of the Continent
is
in
placed.
which she
England is
hermit crab it the world's commercial centre, consequently the precious
than build for metals flow there. With a rise in the interest rate to 3
essential and an air of per cent, London draws in ordinary times what it will of
like the
cast-off shell
yet while enterprise
is
gold.
But at Berlin, for instance, the rate last autumn had
be balanced, and the balance sheet is the insvitable test. to be raised to 5 and 6 per cent, and even then it did not
corporation no more than an individual can go on wholly stop the current.
So the question arises among the
rashness inseparable from
it,
sooner or later accounts must
A
iorever increasing
its
"was saved as
being not
by
so
fire
;
through, but
it
while the Philadelphia
strong,
succumbed.
more guarded would have
course, but
The Pennsyl-
promises to pay.
vania's magnificent resources carried
&
Evidently,
it
Reading,
a
policy
— aggressive
benefited both
of
not reckless.
BIMETALLISM AND FREE TRADE.
Now
Monetary Convention at Paris has taken
a recess until June 30, it may 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
enlarged upon by M. Emile de Laveleye. We refer to
the tendency on the Continent towards a policy of protection as opposed to free trade, and the direct connection
clearly traceable between this aad the demonetization of
that the
silver.
How
Continental nations.
they have and need
?
can they best preserve the gold
Can they do
it
better
by
raising the
rate of discount or raising the tariffs?
With the
Bismarck concludes
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
issue thus presented Prince
that he will
practice of collecting every possible part of the necessary
revenue from external duties, and reducing
imposts.
tions
must be closed
able to
all
domestic
England's market in Germany for her produc-
sell to
up, so far as can
Germany
be
;
and what she is
must pay
in spite of the tariff, she
duties on, for Prince Bismarck says the dearlybought gold must bo saved, and further, as he claims
that the foreign producer and not the domestic consumer
pays the duty, internal taxation will be lessened.
the
just made a revision
many enhanced duties.
demand the principle of pro-
For the same reasons France has
English statesmen have with reason attributed the wonderful commercial prosperity of Great Britain for the
of her general
thirty years prior to 1873, in very great part to the opera-
tective tariff.
tariff,
providing for
French producers generally
They
are sufliciently
numerous and
influ-
.
May
ential,
THE CHRONICLE.
28. 1881.J
565
seems, to prevent the renewal of the commercial
the Supreme Court, in German National Bank vs Kimball
upon terms far more favor- Apparently the mode which prevails in several of th&
able to French industry than were allowed by the Cobden States by which the tax
on the shares is paid by the bank
treaty.
in a gross sum and collected in turn from the
shareholders,
M. Laveleye suggests also that Italy, when she sees the was employed in this case; at all
events, the bank, not an
400 millions which she wislies to borrow, to replace her individual shareholder, was
the complainant.
The ground
forced currency, leaving for Ijondon, will take the same of complaint against the
tax was, not that the law of th*
course.
The usual negotiator of commercial treaties, Mr. State (Illinois) necessarily made discrimination
it
treaty with England, except
against
Luzzati, did not hesitate to declare
it
to the Italian Parlia-
national banks, but that the
modes of valuation adopted
ment, 7th of February last, in responding to the menaces were unfavorable to them.
For this reason, and relying
" England, on the former
of the Saturday Jitvieta, which had said
decisions of the court, the bank asked that
France and Germany will combine to defend their gold, the collecting officers might be enjoined.
But the court
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
replace a metallic
circulation,
and
customs
tariffs,
the gold that
retain
she produces, has already considerably
and she exacts the duties
augmented her
in gold.
Austria
has done the same.
In a word, the tendency of opinion in
all
the nations of
against a tax must
pay so much of the tax assessed as
is lawful and just; and declares that its
former decisions
allowing injunctions were founded on special and
exceptional reasons.
For the future, and in ordinary cases,
whoever wishes to resist a tax on bank shares, because
excessive or unequal, must pay or tender the just or equal
first
Europe which are or intend to be specie tax.
paying, except Belgium, Holland and Switzerland, is
In a case presented in the Circuit Court the assessment
toward increased customs duties, both as a relief from was made under a law of
this State, passed in 1880
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
low duties and free trade, so strong twenty years ago, to most other corporations.
And the complaint urged
and which increased until after 1875, is now giving place was that an exemption had
Continental
to the
new
been granted to stockholders
feeling for
The changed in other corporations (by Chap. 542 of the same year)
feeling took its rise when business became depressed from taxation on
their shares, which rendered the assessand the suffering merchants and manufacturers looked ment on bank shares unjust
and unequal. Observe that the
about for a remedy. It was supposed all would be well laws, taken together,
did not discriminate between different
again when trade revived.
There was a marked revival kinds of banks, but did discriminate (unlawfully,
as was
in 1880, yet as it only tended to make the struggle for
claimed) against banks as compared with most other comgold more marked, these commercial and producing inter- panies; but the Circuit
Court
protective duties.
sustained the tax, declaring
and work-people generally, continued to suffer.
that it was not the true effect of the law of 1880 (Chap.
Now the cry is, "away with the free trade that is work- 542) to confer any exemption from individual
taxation
ing our ruin; give us protection."
upon shareholders in ordinary companies such as the act
ests,
If the signs of the times
are read as truly at present
they were two years ago, England will pay dearly
during the next few years for her resistance to the bias
embraces.
remains to mention a decision of the Circuit Court ia
Here, again, the complaint was by a national bank,
metallic accord which needs only her adhesion to ensure and the fault
found was that the tax officers of the State
its
success and great resulting blessings.
She
It
Ohio.
had summoned the cashier of the bank to appear before
be them with the books of the bank and show to them
the
built up around what have been her markets.
Just now amount of moneys on deposit, in order that they
might
the Eastern markets suffice, but what if the result
of assess such deposits for taxation.
But the Circuit Court
the failure of the Monetary Conference shall be to drop refused
to interfere with this proceeding, saying that it
is
silver to 45d. per ounce, as in 1876 ?
How many mills not unlawful for a State court to issue compulsorv process
can then afford to sell their cloths and yarns to be
requiring
her trade and causing a wall of
customs
is
losing
tariffs to
paid
for in rupees
and dollars ?
In 1878 France was content
to
the officers of a bank to make a disclosure of its
deposits in aid of assessment of a proper tax.
do nothing and hold an
"attitude of expectancy" as England is now.
In 1881
it is a viUl thing to France that
something be done to re-
FRANCE AND
TUNIS.
The invasion of the territory of the Bey of Tunis by an
lieve her great industrial interests from
their peril.
She army of France is at the present moment a disturbing
invites England to a step of mutual
benefit.
England element in European pohtics. The outlook is not alarmdeclines.
France is not poor. She is rich and prosperous, ing, but has a certain interest
to all the Powers of Europe.
but in danger. Will she not take such steps as
will most By Russia alone the affair is regarded with
indifference;
effectively protect herself?
We shall be surprised if a by Germany and Austria it is regarded with a kind of
few years hence England shall not be even more
a sup- qualified delight; but it has given serious offence to Turpliant for the co-operation of other nations
than they are key and Italy, and in the British Isles, for the first time
in
to her now.
more than a quarter of a century, there exists an antiFrench feeling which finds free and full expression in ParTAXATION OF NATIONAL BANK STOCK. liament and through the newspaper press.
On the subject of State taxation of hank shares there
These different views are wholly the result of different
have been several Federal decisions reported
during the interests. What matters it to Russia what becomes of
past month.
So far as they go, all of them favo" the Tunis ? It makes really no difference to her whether that
State side of the question, and yet, though
of considerable outlying Province of the Turkish Empire is ruled by the
interest, no very material point appears
to be covered by Frank or by the Turk; and certainly as between the
them.
Frenchman and the Italian, in that ancient Bay State, she
Prominent among these decisions is one just announced by has no cause to interfere. Austria is somewhat
differently
THE CHKONICLE.
566
[70L.
XXXIL
management of the finances at home;
demands a war indemnity and forbids the importation of
Such is the substance of the treaty reported
the thought that she will find it less difBcult to confirm her arms.
hold on Bosnia and Herzegovina, and even to make further to the French Chambers by the Minister of Foreign
encroachments on Turkish territory when the favorable Affairs, and of which no contradiction or qualification has
she
situated
lias
with the French
some
interests in the Mediterranean; but
in Tunis,
it is
abroad, with the
permitted to her to indulge
Germany is even less directly yet been made.
and Prince Bismarck is not the
Such a treaty proceeds on the assumption that the Sulman to grudge France a slice of African territory, if it tan has no rights in Tunis at least no rights which France
It shows that France, when her own
is bound to respect.
•will only give her a reasonable amount of mental occupaLorraine.
and when she thinks she may act
from
Alsace
and
interests
are
at
stake,
her
thoughts
and
divert
tion
Italy has long had interests in Tunis; and the descendants with impunity, can, without any compunction of consciand successors of the Roman conquerors of Carthage are ence, set her foot on treaty obligations. It is not denied
hardly to be blamed, if in their calculations regarding the that she had a right to protect her co lonial frontier, and to
That, however,
future, and looking forward to the ultimate dismember- adopt satisfactory measures for the same.
ment of the Turkish empire, they have been yielding to is no longer the question. In what was declared to be an
effort for self-protection, she has willingly allowed herself
the conviction that Tunis would fall to their lot.
It is not
It cannot be said that the rights or interests of Great to drift into conquest and virtual annexation.
Britain are in any way directly affected by this French wonderful that the feeling of indignation produced in Italy
movement; but the British are angry or affect to be should have been such as to bring about a Cabinet crisis
moment
shall
have arrived.
interested than Austria
angry
;
they
because
this action a policy
—
or
see
which
is
believe
they
see
in
a wilful interference with
and an actual change of ministry.
can well understand
why
the
At
the same time
London Times should
we
feel
treaty rights, together with a violation of promises and
emboldened to denounce the conduct of France as
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."
The chances are, however, very remote that anything
endeavors t» preserve the integrity of the dominions of the
They fought together in the Crimea; and during will be done to interfere with the intentions of France. Of
Sultan.
the dark and doubtful days which preceded and extended course the Powers will not unite for the purpose of preover the period of 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 EngIt is land's difficulty.
It is notorious that when England took
the Ottoman Porte, and not an independent State.
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
For a Tunis to her African territory. It is equally notorious
like other distant provinces of the Turkish empire.
time, during the eighteenth century, its destiny was linked that in 1816, when Algiers was in nomisal allegiance to
with Algiers. In 1871 the Sultan renounced all claim to the Sultan at Constantinople, the English and Dutch, foland since that time the Bey has had absolute lowing the example of the Americans, the year before,
tribute
the city, and concluded a treaty with the Dey,
power in all internal affairs. He has had his own army. bombarded
Of both these
without the intervention of the Sultan.
But many things remained to remind the Bey and his facts the British Prime Minister has reminded the people.
The Bey must receive It would thus seem to be his opinion that for two very
people of the Sultan's supremacy.
He must not declare obvious reasons British hands are tied.
his investiture from Constantinople.
Whatever France may finally choose to do in the matwar, or conclude peace, or cede territory, without the SulShe has set an example
ter, one thing remains clear to us.
on
the
Sultan's
name
must
appear
The
tan's consent.
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
It results from this end of Turkey in Europe.
disposal of the Imperial government.
She has given a blow to the
In view of her present conduct
state of things that the Sultan has direct interests in Tunis, inviolability of treaties.
and Berlin Conferences seem strange
that he has a right to protect these interests, if he can, and Crimean wars
pledges, recently, repeatedly
;
;
he cannot protect them, he has a right
Europe, and demand the needed help.
to appeal to
that, if
What
then
is
the present situation?
anachronisms.
AEKANS.'kS State Finances.
To
right
—A
dispatch from Little Rock,
" Leonard Matthews, of St. Louis, a well-known
17, says
capitalist, is in the city trying to arrange a loan to the State.
He proposes to advance money enough to take up §200,000 of
some May
:
France has dealt directly with
treaty has the Brooks-Baxter 10 per cent war bonds and fund them in
and ignored the Sultan.
Loughborough 6 per cent bonds. If the bonds can be procured,
between
are
its
provisions it will save the State 4 per cent per annum. The Baxter bonds
them; and such
been concluded
that the Bey, his people, and his territory, are brought run four years yet."
real or imaginary wrong,
the
Bey
A
of Tunis,
Tinder the protectorate
of
Fiance.
France,
claims the right to occupy such territory as she
it
appears,
may deem
necessary for the maintenance of order, and the security
of the frontier and the coast;
The
total
amount
guarantees to the Bey
security of person, State and dynasty, with the mainten-
ance of actually existing treaties between the so-called
Eegency and the European Powers; forbids him to con.
elude any new international convention without her conBent;
Jersey City Finance^.—Mr. M. Kilcauley, the Assessor in the
and submitted to the
Board of Finance and Taxation a statement of the property in
that district alone from] which the city derives no revenue.
First District of Jersey City, has prepared
assumes the diplomatic control of the
affairs of
Tunis
is
$5,359,000, divided as follows
Real.
$1,584,000
Pennsylvania Railroad
1,489,000
Central Railroad of N. J
175,000
Morris Canal and BanMng Co..
503,000
property
Church
457,000
Corporation of Jersey City....
Total
The Assessors
lar statements.
:
Personal.
$.552,000
600,000
Total.
$2,136,000
2,038,000
175,000
503,000
457,000
$5,359,000
$4,207,000
$1,152,000
in the other five districts are preparing simi-
^
_^ ...^
:
..
..
: :
.
THE (CHRONIC !LE.
pt0nctainj!®0mmcrctJtl gwgltstt ^cws Bank
Open-market
Mat
567
1881.1
38,
Per
Open market
cent.
On-
Lalett
Date.
Rate.
Time.
3mo8. 12-312
121 "a
3121
Amster('.aiii
Short.
—
Hamburg
3
'B.VJ.-l
Amstcr<la:n
.
Kotteidam.
Antwerp
12-3
uios.
"
'*
. .
Berlin
Frankfort.
•'
*f
..
•*
Copeiiliajicn.
May
ai2-2iii
a.20-(i;)
®2()-()IJ
3 20
.May 14
'*
20-63
20-65
20-65
18-40
011
24'4®24i8
S25-30
11-90
May
.
Cadiz
Genoa
..
Alexandria..
York...
New
Bombay
47583147%
....
60 days
l8.75id.
'*
Is. 7S»a.
Calcutta
Hong Kong..
Sbaattlial
25-20
20-50
20-50
20-50
—
Short.
May 14 Smos.
May 9 Smos.
May 14 Short.
May 14 4mos.
"
May 14
May 14
May 14
correspondent.
the past
1
3j»l'9
%» 1'b
Per
eent.
I''a'ai2
I
rates of interest allowed
by the joint-stock banks and
discount houses for deposits remain
follows
a-s
:
25-45
do
l>a
l>fl
with 7 or 14
97%
18. 715,gd,
Is. 7'8d.
38. 9i4d.
58, 2^i.
1
May
14, 1881.
week has presented a
very quiet appearance. For commercial purposes the inquiry
has been upon a very moderate scale, and in this respect there
seems to be no prospect of improvement. The failure of Messrs.
B. H. Schroeder & Company has had naturally an adverse influence upon commercial business, but it cannot be said that
the ultimate results will be very serious. Failures in mercantile circles usually produce some anxiety; but the present failure is restricted to a limited circle, and hence commercial people still take a hopeful view of the future. As far as money is
concerned, the tendency is towards lower rates of discount.
The Directors of the Bank of England have made no change
this week, but the state of the open market justifies the belief
that during the summer months money will rule extremely easy.
The position and prospects of the money market here for a
long time past have been very puzzling and uncertain ; but
there now seems to be some confidence in the opinion that the value of money must
remain easy for
some time to come.
The New York exchange has improved, and some are of opinion that it is possible that gold will
be remitted to this country from New York. Now that a more
practical view is taken of commercial affairs, and there is
less excitement regarding the movements in gold, there is an
inclination to speak more hopefully of the future.
The fact,
however, connot be disputed that the power of producing is
very great that consumption is not equal to it; and hence we
arrive at the conclusion that trade is bad. Machinery and rapid
communications have materially altered the conditions of business. Englaid, working full time, could supply the world with
all necessary goods, but she has now many competitors, and
there is a contest for supremacy which it is plain is yet unde;
dtu's' notice of
1\
withdrawal
Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of conthe 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
with the three previous years.
sols,
1880.
1881.
£
1879.
1878.
£
«
£
20,690,520
U.439,040
27,245,795
7.131,197
2,5,072,035
^iovernni't securities. 15,7.S9,890
Other securities
18,348,028
Res've of notes & coin. 15,-276,606
Coin and bullion in
25,.-58I,346
29,363,375
7,217,639
29,498,741
15.664,230
19,148,443
15,854,724
20,972,066
19,046,477
jiost I)lll8
Public iicposits
Other deposits
4-84%
eent.
Joint-stock banks
Discount houses at call
bank
....
London, Saturday,
The money market during
1
Circulation, including
**
From our own
bills
bllhi
117-70
....
'*
....
25-22>fl
....
'
47*8 3:47%
26-10 ®20-L'0
52'4»52i8
Lisbon
"
14 Short.
May 14
®ll-i».j
The
2515
® 18-45
3mos. 23-42 iaa25-r)0
Vienna
Madrid
Jtale.
....
Short.
a25-(;2i.j
Short. 25-20
Paris
Paris
14 Short.
1
3 mouths'
—
billn
6moiithH' bank bills
2 '»2'e
4 dt U muuthii' trade bUht. 2H!'a3
Per
Time.
May 14
May 14
May 14
2.'5-55
**
St.PetcTb'bg.
la
30 and 60 days'
bank
4ni<iiitliH'
2Hi
rates—
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
XXOHASaE AT LONDON— ilnij 14. EXOHANaE ON LONDON.
rates
\
rate
27,730,54.%
0,726,485
21,417,030
15,556,488
19,914,371
10,627,882
14,075,2.17
both departments .. 26,226,126 28,100,519 33,414,852 23,358,427
Proportion of assets
to liabilities
51-47
48-14
37-38
4904
Bank rate
213 p. 0.
3 p. c.
2 p. e.
3 p. C.
Consols
98ili
99ifl
96%
102
Eng. wheat, av. price.
468. Od.
528. 4d.
448. 9d.
408. 9d.
51B,jd.
Mid. Upland cotton.
6li«d.
7d.
S'sd.
gTgd.
No. 40 Mule twist...
lOd.
9 lad.
12d.
Clear'g-house return. 1 00,982,000 94,914,000 84,262,000 86,828,000
.
The following are the current
pal foreign centres
Paris
Amsterdam
Bank
Open
Bank
Open
rale.
market.
rate.
market,
Pr. ct.
31a
Pr.et.
31a
2^.cl.
Pr.el.
3
2\
31a
3
4
4
4
Brussels
Genoa
Bcrliu
Frankfort.
rates of discount at the princi-
:
6
6
Geneva
4ia
4
Madrid, Cadiz &
Barcelona ...
Lisbon & Oporto.
3
3
.
St. PeterslJtirg...
Hamburg
2''8
Vienna
31a
4
5
5
5
3^9i
Copenhagen
313
6
Calcutta
The market for bullion has been very quiet, and no movements of importance are reported. The imports of gold have
been small, but there has been scarcely any export ioquiry.
The silver market has, on the whole, been steady. The following prices of bullion are from Messrs. Pixley & Abell's circular
:
GOLD.
d.
t.
Bargold, fine
per oz. standard.
Bar gold, containing 20 dwts. silver, per oz. standard.
Spanish doubloons
peroz.
peroz.
South American doubloons
United States gold coin
per oz., none here
petoz
German gold coin
7710iaa
74
73
Mexican
dollars
Chilian dollars
Quicksilver,
d.
51%
o2i8
ao'^g
0II3
peroz
£6
75
-a
d.
per oz. standard.
per oz. standard.
peroz.
per oz, nominal.
Cakesilver
®
®
9
<»
SILVER.
Bar silver, fine
Bar silver,contain'g 5 grs.gold
d.
t.
a
77 9
a
a
....
....
....
-a
-a
....
-a
Discount, 3 per cent.
lOs. Od.
The following ret am shows the extent of the Imports and
exports of cereal produce into, and the exports from, the United
Kingdom during the first thirty-seven weeks of the season, com-
We have, in fact, too much capital employed which
capable of yielding a satisfactory return of interest ; but to
a great extent the capital is fixed and is by no means easy of
being transferred to more remunerative centres of operation.
pared with the corresponding period in the three previous
seasons
Emigration is, however, being conducted upon an extensive
8ca4e
but the agriculture of the country suffers, and we may
be sure that a long period will have to elapse before there will
be an average amount of prosperity in the agricultural world.
The weather is, indeed, brilliant, but for the newly-sown crops
rain is much wanted, while the pastures are not so luxuriant
as they should be at this period of the year. It is said, how-
Barley
Oats
Peas
Beans
veloped.
is
;
ever, that the grass, short as
vails that
if
it is, is
we should have some
thick,
and the opinion pre-
genial showers the harvest
tKFOB-rS.
1880-81.
cwt. 39,762,767
9,347,072
6,308,677
1,562,460
1,657,098
23,441,170
9,272,207
Wheat
Indian
Flour
com
Wheat
cwt.
Barley
Oats
Peas
Beans
Indian corn
Floiu-
868,890
44,241
515,626
6«,863
28,120
188,858
94,292
31,4-20
1,231,401
91,907
66,971
13,420
10,467
1,347,614
40,985
59,773
16,953
16.967
391,063
115,545
307,514
97,639
180,227
52.885
911,743
21,185
78.458
86.219
prospect would be very satisfactory. The weather is favorable
to the crops of winter-sown produce ; but rain is wanted for
feeding staffs to provide against the requirements of next
The Board of Trade returns for April and the four months
ended April 30 have been issued. They show the following
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 maiotained their value. There has, however, as
already stated, been very little demand for money for commercial purposes, and a further reduction in the Bank rate of discount is no-.v anticipated. Tiin Bank of England return shows
no material changes, and the proportion of reserve to liabilities is 48-14
per cent, against 47'91 per cent last week.
following are the present quotations for money :
Imports in
Imports in
Exports in
Exports in
*
April
4 months
April"
Irish
The following
1880.
£40.612,067
142,869.946
19,623,360
71,892,976
1
4 months*
Of British and
1879.
£33,736,564
17.205,290
14,642.358
57 ,722,463
1881.
£35,-i32,364
135.463,93'2
18,130,331
71,416,830
produce and manufactures.
figures relate to the four
months ended
30tli
April
IMPOR-rS.
The
Cotton
cwt.
1879.
5.784.870
1880.
5,917,939
1881.
6,396,970
:
THE CHRONICLE.
668
EXrOBTS.
1879.
<3otton
•Cotton
552,082
72,877,700
cwt.
yam
lbs.
Cottou piece Roods.... yards.l 147,191,10.)
727,089
tons.
Irou aud steel
lbs.
6,099,200
Linen yarn
yards.
.59,542,600
Lijien pieee goods
yards.
46,025,600
Jute manufactures
582,623
*
fiilk manufactures
1,974,000
lbs.
Briti.sli wool
75,628,000
Colonial and foreign wool.lbs.
lbs.
8,831,900
Woolen yarn
yiirds.
12,692,200
Woolen cloths
yards.
66.809,500
Worsted stuffs
1,824,900
Blankets <& blanketing.. yds.
Flannels
599,507
80,060,200
1, 592,727,900
1,009,280
5,974,600
62,626,000
63,238,300
771,891
0,794,.300
4,5.50,700
64,653,782
10,507,600
14,228,800
75,819,800
2.117,300
1,550,400
2,833,200
76,288,332
7,560,100
15.413.500
69,500,200
1,924,800
1.935,000
2,736.100
The following were the quantities of cotton manufactured
piece goods exported in April, compared with the corresponding month in the two preceding years
:
1879.
Tarda.
4,001,900
5,311,400
4,453,200
5,548,100
5,101,200
1,435,800
Holland
France
Portugal, Azores
Italy
&
324.800
1,970,500
55,229,900
12,199,800
1,261,300
8,447,200
4,778,900
2,708,900
2,124,900
33,793,800
1,491,800
9,201,900
2,183,500
1,098,900
1,369,200
1,565,500
3,093,800
19,038,400
1,528,000
3,578,300
7,553,100
355,400
28,530,000
2,616,100
6,510,900
4,624,400
1,852,600
1 ,639,000
2,625,400
4,593,400
15,046,400
1,509,000
5,760.400
6,462,300
1,517,000
54,787,800
4,401,500
7,564,800
4,322,800
1,604,600
2,537,400
3,562,500
3,008,200
3,207,700
3,499,000
1,616,000
1,379,700
1,248,300
19,844,300
3,282,600
64,461,300
5, 136,600
2,623,500
4,437,200
21,620,700
35,514,500
5,717,800
71,685,100
7,200,500
2,938,100
4,880,800
22,922,900
41,680,400
7,736.400
86,157,700
12,833,800
2,070,100
4,667,400
29,347,400
203,092,100
79,500,000
227,765,100
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
Madeira.
Austrian Territories
3,.502,000
30.,573,600
•Greece
Turkey
Egypt
West Coast
6,588,700
1,335,400
3,169,300
4,818,000
889,100
of Africa
United States
Foreign West Indies
Mexico
"United States of Colombia
(New Granada)
BrazU
4,857,400
15,628,800
941,300
3,708,600
Uruguay
Argentine Republic
2,89:^,700
•Chill
Peru
China and Hong Kong
-Japan
Java
Philippine Islands
Gibraltar
Malta
British North America
British West India Islands
&
Guiana
British Possessions In South
Africa
British India-
Madras
Bengal
Straits Settlements
Ceylon
Australia
Other countries
Totalmixed materials, cotton
predouiiuatiug
Grand
total
Other manufactures of cotton show as follows:
taoe and patent net
*
Hosiery of
je
all sorts
Thread for sewing
lbs.
Other manufactures, unenu*•
merated
Total value of cotton manu-
£
factuies
The movements
lave been
1879.
1880.
112,707
51,182
897,701
185,142
67,439
1,358,703
1881.
160,302
71,436
1,187,351
66,310
82,198
71,114
3,909,844
5,329,886
5,219.059
in bullion daring the
month and four months
1879.
1880.
1,135,978
6,542,577
537,770
2,660,053
4 months
April
4 months....
1881.
JO
o
407,370
1,592,000
914,232
4,154,344
1,844,937
5,604,363
Jg
April
621,070
2,505,421
SILVER.
Imports
in April
Impoit-s iu 4 months
Exports in April
Exports In 4 months
1,048,258
4,242,649
1,232.368
4,296,113
plant, as
2,204,236
10,785,226
1,770,338
6,936,166
respectively.
640,123
2,628.451
546,099
2,740,394
901,428
3,663,571
1,272,450
5,208,264
1,554,355
6,782,995
2,391,036
8,344,757
is
an absence of
rain, the crops
the sales in the
harvest
Since
150
principal
it is estimated that the following quantities of wheat
have been placed upon the British markets since
The visible supply of wheat in the United States is
the season,
and
flour
harvest.
:
1880-1.
1879-80.
Imports of wheat. cwt. 39,762,767 42,746,014
Imports of flour
9,272,207
7,296,765
of
Sales
1878-9.
34,005,963
6,203,007
1877-8.
40,275,793
6,254,125
home-grown
produce
22,348,200
19,155,600
34,238,116
27,211,950
Total
71,333,174
69,198,379
74,452,088
73.741,868
exports
or
963,182
1,027,388
1,329,040
1,400,499
70,419,992
68,170,991
73,123,048
72,341,369
Av'ge price of English
wheat for season (qr.) 42s. lOd.
Visible supply of wheat
bush. 18,500,000
In the U. 8
47s. Od.
408. 5d.
21,241,555
15,108,116
wheat aud
flour
Result
Ensliiili
52j.
7d
Market Keports— Per Cable.
daily closing quotations for securities, &c., at London,
and for breadstuffs and provisions at Liverpool, are reported
The
As remarked above, the weather during the week has been
though treacherous. We have had warm days and by
but as there
the
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
Without reckoning the supplies
7,901,000 quarters in 1878-9.
of produce furnished ex-granary at the commencement of
brilliant,
•cold nights,
is
;
Deduct
494,058
2,071,571
651,380
2,702,843
TOTAL GOLD AND SILTEB.
Imports In April
Imports in 4 months....
Exports in Apnl
Exports in 4 months
few exceptioas, dry seasons (where the wheat
case this season, has been well rooted)
are favorable
fine
to
a
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 several 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
Our cattle markets have, in consequence, been
cattle food.
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 inaufflciency 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 drawbacks, 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
but, with very
also given
GOLD.
ImportR in
Imports in
Exports ill
Exportsln
will yield
;
Bombay
Total unbleached or bleached
Total priiitcil.dyed.or colored
1880.
yards.
4,610,900
3,952,800
4,793,700
6,0i2,500
3,616.200
1881.
Yards.
3,370,500
4,255,500
4,052,400
6,821,800
9,032,700
605,300
1.341,700
20,314,600
10,917,000
5,831,400
6,030,400
6,638,900
3,212,000
Sxported to—
Germany
it seems that wheat and winter-sown com
favorable results to the producer. There will be
undoubtedly a short straw, which will be a loss to the farmer,
the present time,
1881.
1S80.
624,911
63,263,200
1,409,612,100
1,372,527
4,901,000
70,817,600
61,037,100
633,054
1,611,500
1,929,900
yards.
yards.
Carpets
XXXtU
[Vol.
week ending May
cable as follows for the
27:
have
not been injured to any extent. It is said, indeed, that the
fruit crops promise well, and that, as far as wheat is concerned, there is, at least, a fair average prospect. The newly-
sown
crops, however, require a genial fall of rain, but there
are no indications of any change from the present period of
drought. It seems, in fact, that we have entered upon a
period of dry weather, and that the crops will be quickly
brought forward towards maturity. The agricultural prospect
is not, however, regarded as satisfactory or encouraging.
At
London.
Silver, per oz
Consols for money
Consols for account
Fr'ch rentes (in Paris)
a. S. 5s of 1881
U.
Sal.
U.S. 4s of
5158
1025,8
1027,6
10714
10714
117%
I20i«
5214
I49I3
I2OI3
315s
I4913
L20ia
118
121
146
120>4
5218
I5OI4
0038
I5614
30=8
156!^
30
29%
I56I3
15612
51-'8
Pennsylvania
Philadelphia & Reading.
New York Central
Fri.
5158
117%
102^
common
Thurs.
117%
86-03
1071a
118
12012
stock
Illinois Central
Erie,
Wed.
117^
fr.
1891
1907
Tuts.
1029i6
51=8
1029,6
S. 4iflS of
Mon.
51=8
51»8
Si's
1021319 IO2U16 1029,6
l021Sia 10213,8 10259
8615 8GV2H 86-25
IO7I2
I0714
107 J4
d.
31%
150
3614
156%
3630
5168
14914
3038
156
I
.
Mat
THE CHRONK^LE.
28, 1881.]
Liverpool.
Hon.
Sat.
d.
».
d.
8.
Floor (ex. State), 100 lb 12 3
"
Wheat, No. 1 wh.
"
Sprltiff, No. 2...
"
9 6
Winter, West., n.
"
wlilte
9 2
Cal.
Com, mlx.,W.uow "
bbl
72
West,
moss
Fori,
¥
Bacon, long clear, owt.. 13 6
Beef, pr. uiess. iiew.'^to. S3
Lard, piiinc West. ^ iwt ".5 9
Cheese. Am. choice, now (iO
Wed.
Tut*.
12 3
9 3
9 3
9
9 2
4 1112 410i«
72 O 72
44
44
81
95
55 9 50
,
41U
. .
56
55
9
9
4
72
44
(.
d.
12
3
85
.•55
9
55
O
O
week
this
72
14
85
55
55
:
AuthorCharles
;
—
Impoets and Exports fob the Wbbk. The imports of laHt
week, compared with those of the preceding week, show
general merchandise.
a decrease in dry goods and an increase
The total imports were $8,923,936, against $7,402,387 the preceding week and $10,60.5,789 two weeks previous. The exports
for the week ended May 24 amounted to $7,077,845, against
m
week and $7,123,664 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) May 19 and for the week ending (for general
merchandise) May 20; also totals since January 1;
FOREmW IMPOUTS AT hrvt tork.
$6,014,041 last
For Week.
1878.
1881.
1880.
$i.oin.:i54
$4,260,532
$1.191.50.S
4,121,175
.$5,113,829
$11,678,699
$8,928,936
$34,782,259
$37,93.'.762
82,21;).4l0
88.358,969
$55,727,461
153,898.001
$15,725,328
122,975,380
Total
Since Jan. 1.
Dry Goods
1879,
$846,949
3,413,583
$1,811,760
9,866.939
Gett'liner*dlse..
Geu'l iner'dlsc.
7.737,133
*1 16,992,669 *120,291.731 $209,625,462 *168.700,708
Total
In our report of the dry goods trade will be found the imports
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:
EXPORTS FROM NEW YORK FOR THE WEEK.
1879.
1878.
For the week...
Prev. reported..
«6,665.896
133,702,070
1880.
$5,372. <i27
121,124.235
1881,
$8,859,558
139,706,711
$7,077,845
147,897,361
Total a'ce Jan. 1 $140,367,966 $126,196,862 $148,566,272 $154,975,206
The following table shows the exports and imports of specie
at the port of New York for the week ending May 21 and since
January 1, 1881:
EXPORTS ANB IMPORTS OF SPECIE AT NEW TORK.
Exports.
Imports.
QoUt.
Week.
Great Britain
Since Jan.
9
1
$4,260
Germany
West Indies
Mexico
All other countries
Total 1881
Total 1880
Total 1879
Week.
$
2,6o6
2,000
35,216
13,938
135'.8l6
1,985
16,518
...
- .
which will be begun at once.
Southern Pacifle— The track of this road has reached
El Paao, Texas, and regular trains are now running to that
point.
El Paso is 88 miles from Deming, 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
line,
2,627.—The Atlantic City National Banlr, Atlwtlo City, N. J.
paid-in OBPltal, $30,000.
ized eupltal, $50,000;
Evans, President Kobert D. Kent, Cashier.
Dry Goods
715
25,100
$
$169,170
10,083
6,926
1,580,191
$164,300
$1,292,575
26,050
114,157
10,204
255,996
Since Jan. 1
$20,020,221
2.639,611
4,727,751
236,661
146,872
210,045
100,791
$68,372 $28,081,982
1 259 408
13,024
18,225
596,369
Francisco to Yuma is now the longest continuous line in this
country operated by one company.
Work is not to stop at El Paao. The company will at once
begin the work of construction from El Pa.so down the Rio
Grande to Fort Quitman, abont 140 miles, where it is expected
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 northern bend, some 80 mQes west of the mouth of the Pecos.
Thence the road will follow the river until it meets the Galveston Harrisburg & San Antonio extension, which will probably be
at a point about 350 miles from El Paso and 175 from San Antonio.
Surveys are made and work will soon be begun on a short
extension of the WilraiuKton Division (which connects Los
Angelos with its port, Wilmington) to deep water at the breakwater which fofms the harbor. This extension, with a wharf
which the company will 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.
R. R. Gazette.
The attention of investors is called to the first mortgage 7
per cent coupon bonds of the Natchez Jackson & Columbus
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;
the completed road to date is valued at $675,119. The total
indebtedness of the company is set down at $216,065. 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
such favor that the price has been recently advanced from 92^
to 97^ 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 corner of Wall Street and Broadway, in the United Bank Building.
These offices alone must add to the comfort of customers, as
they are so arranged as to afford every elegance and convenience.
The firm deals in stocks, bends and commercial paper, and
make advances on the latter, as well as on other secunties.
Mr. Fred. H. Smith, well-known in Wall Street as an active,
investment bond and stock broker, especially in railroad securities, has removed from No. 13 to No. 20 Broad Street.
—
—
Silver.
Great Britain
Germany
.
.
...
West<',rn ]>iviHlon, 5 per cent niiirtgage bonds.
Oregon & Callfornln.— Under the new agreement the bondholders agree to exchange their bonds for preferred stock, receiving 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
off all prior liens; the other $4,000,000 will be taken as required
to build the extension from Rosebarg, Oregon, to the California
®0mmevclal attdI^lsceXlaae0tts ^extrs.
National Basks Oro.vnizbd. —The following-named national
bank was organized
:r
Milwaukee ASt, Paul Railway (Company— 94,200,000 Chicago
St. Louis Alt<m & Terre Haute Kailroa<l ('oMipnny-$l,367,000 dividend bonds issued to the preferrec (tockholdera tor arrears of int«re«t
to January 1, 1881.
3
2
4 11
411
72
44
85
55
55
& Paclllc,
d.
12
6
2
10>ji
Chlciigo
FH.
Thurs.
569
3,6od
West Indiea
Bouth America
24,337
18,446
Total 1881
Total 1880
Total 1879
$167,300 .$1,485,769
AH other coimtriea
107,151
459,988
1,989,474
7.949,272
$
BANKING AND FINANCIAL.
FISK & HATCH,
$101,253
22,844
26.252
19,341
60,389
319,636
722,408
81,813
3,950
$68,437
235,198
202,018
$1,289,734
2,307,9^1
3,586,014
Of the above 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
Milwaukee Lake Shore & Western Railway Company— $3,000,000 first
:
mortgage 6 per cent gold bonds and $500,000 Income bonds.
International & Groat Northern Railroad Company —As many of the
$5,524,000 of second mortgage income bonds as may be stamped
"aeoented," in accordance with the scheme to replace them with second
mortgage 6 percent mortgage bonds.
Minneapolis & St. Louis Railway Company—$500,000 7 l>er cent income
mortgage bonds.
Norfolk & Western Railroad Company— $15,000,000 prefen-ed stock
$11,000,000 6 percent general mortgiigo bonds; and. when the engraved
eertillcates are ready for use, $3,O(iu.(>()0 common stock.
Pennsylvania Company -$10,000,000 l^a per cent guaranteed first
NASSAU STREET,
New York City.
BANKING DEPARTMENT.
NO. 5
1.
2.
allow no interest.
3.
We render accounts current, and credit interest as
4.
day of each month.
For parties keeping regular
deiiosit
above, on the last
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 use to them in
mortgage gold bondn.
Northern Pacitlc Railroad Company— Land grant general first mortgage sinking fund 6 per cent bonds to the amount and iu place of the
bond ceitiHcates now extant.
St. Lonis Iron .Mountsiin & Southern Railway Company— $32,036,000
general consolidated railway and land grant mortgage 5 per cent
Den da.
Missouri Pacifle Railway Company— $4,500,000 third mortgage
bonds.
Chicago St. Paul Minneapolis & Omaha Railway Company— $3,392,000
congolidated mortgage bonds, Nos. 15,301 to 18,692 Inclusive.
the terms mentioned below, to receive the dtpotit
accounts of responsible parties in good s landing :
Except in the case of Banks, Savings Banks, or other well-known corporations, 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 tbe rate of three per cent per annum on the
average monthly balances, when the same amount to $1,000 o'
over. On accounts averaging less than $1,000 for the montli, we
We are prepared, on
5.
6.
our line of business.
do not 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 sulfjeot to check at sight without notice.
We
FISK & HATCH.
.
:
—
.
THE CHROxNlOLR
670
May
DIVIDENDS:
Tlie f oUowloK dividends have recently been announced
Ifamt of Company.
Per
When
cent.
Payable.
Books Closed.
(Days inclusive.)
27
Detnand.
Sixty Days.
Prime bankers' sterling bills on London. 4 83 ®4
Prime commercial
4 81^91
Documentary commercial
481iaa>l
Paris (francs)
5 22iaa5
83i3
Amsterdam
3978 31
40
9414*
94%
941431
9438
(guilders)
Frankfort (reicliiuarks)
Bremen (reiclmiarks)
United States Bonds.
XXXII.
V'OL.
i
82
81\
2114
4 85 34 8513
4!«3iaa4 84
4 83 »4 83i3
5 20 ®5 18%
4018® 4OI4
91%® 9479
94%® 9478
— The
Government bond market has
Railroads.
June 15 May 29 to June 12 been very active in the transactions among dealers, and the reS2
Chicago Burlington & Qiilttcy
corded sales at the Stock Exchange do not represent a tithe of
misceliancou*.
3iu
June 10 May 30 to June 10 the whole busine.ss done; indeed, they furnish no indication of
Spring Mountain Coal
the activity of the market. In the early part of the week the deFRIDAY. MAY 3r, lSSl-3 P. M.
mand ran most heavily on the new 3)i per cents, but the past
The Money Market and Financial SItnatlon. Essential im- day or two the demand for the 4 per cents of 1907 has been most
provements haye 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. Tne
—
The table on the next page is now believed to give the
most comprehensive exhibit of the range of prices at the New
York Stock Exchange anywhere published, and as that page and
the bond quotations on the page following are set up in entirely
new type, it is hoped that our readers will duly appreciate the
improvement.
Tne complete success of Secretary "Windom in renewing the
report.
$250,000,000 regist«red fives in his 3^ per cents, payable at
option, has lent renewed strength to the general situation. The
progress of speculative stocks and bonds necessarily meets with
occasional re-actions in the upward movement, but these have
not yet been considerable, and .the undertone is one of great
confidence. The Stock Exchange markets have an outside support that has hardly ever been equaled. Not only are the stock
operators numerous in aU the minor cities throughout the Eastern
and Middle States but the rise in Southern stocks has been so
large, and the fiuctuations in such markets as Baltimore and
Eichmond have been so active, that the South is interested in
stock operations to a greater extent than ever before.
The
lowing range of prices of a few of the new Southern stars
a Baltimore circular of last week:
Mav
7.
May
14.
is
fol-
from
Windoms are selling at 104 >^.
The closing prices at the New York Board have been as follows:
Inleresi May
May Mail May May May
Periods.
continued at 313.
reg.
88,1881
21.
23.
6s,
1881
1881
1881
4»9S, 1891
4148, 1891
48, 1907
M, 1907
8s,
58,
58,
24'.
25.
26.
27.
104
104
104
104
lOl's
104 '8 'toil's
lOi's 105
103% 104
10419
coup.
*104ie
•101»8
*114'8
reg.
coup.
reg.
104%
10.%
lOl'fs
II6I4 II6I4 11614, *116l4
•11738 11738 II712 1171.3 '11738
11738 11738 11738 II7I2 118
•131
131 131
•131
131
'132
'133
132
132 •132
•133
133 '131
•133
133
•134
135 134 •134
134
•135
'135
'136 1'133
•135
•llfil4
coup.
reg.
104%
11538
11638
118
coup.
11814
132
1895. .reg.
133
1896. .reg.
134
1897. .reg.
135
1898. .reg.
136
1899.. reg.
• This Is the price bid at tlie morulng board
no sate was made.
The range in prices since Jan. 1, 1881, and the amount of
each class of bonds outstandiay? May 1, 1881, were as follows:
6s,
6s,
63,
68,
8a,
cur'cy,
cur'cy,
cur'cy,
cur'cy,
cur'cy,
;
Range
since Jan. 1, 1881.
Highest.
Loucesl.
Amount May
1,
1881.
Coupon.
Registered.
|
6s, 1881... -cp. 101 la
5s, 1881.... cp. IOOI4
4ia9, 1891..CP. Ill's
48, 1907... .cp. 11233
6fl.cur'ncy.reg. 1271-2
May 20 $155,438,850
May 26 327,955,350
Mar. 10 116i4May 16 178.307,000
Jan. 3 IISI4 May 27 539,066,900
Feb. 28 136
Apr. 23
64,623,512
Jan. 3 1061a
Feb. 21 105
$40,251,550
128,007,600
71,693,000
199,555,800
—
Ifau 21.
State and Railroad Bonds. The principal business in Southern State bonds has been in the Tennessees, which have fluctuated
sharply, in consequence of the obstructive litigation attempted
against the carrying-out of the new funding law; it is claimed
by some of the best informed that the injunction is for speculaVirginia
tive purposes, and will amount to nothing in the end.
In railroad bonds
bon(fe are strong; Louisianas neglected.
lightest class of our non-dividend paying stocks and whereas it there has been much activity, and especially in the old Boston
Erie issue (exchangeable for New York and New
was formerly difiicult to get the best and most substantial of Hartford &
England stock), and in the New York market alone the sales have
American railroad stocks listed at the London Stock Exchange, probably exceeded $7,000,000. Many reports have been circuthey now accept the most speculative sort of stocks without hesi- lated as to the cause of this, and the Boston Transcript says
tation.
These circumstances, together with the great ease in " We see in it a contest for the control of the New York & New
between the New York New Haven & Hartford inmoney, have a most important bearing on the stock situation, England road
line, possibly the Wabash, desirous of
and sliow that the capacity for distributing vast amounts terest and some Westernconnection."
securing it for a Boston
of stock among holders at home and abroad Ls one of the eleThe following securities were sold at auction this week:
ments of strength which must exert a powerful influence.
Shares.
Shares.
The money market is very easy and Government bond dealers 200 Manhattan Gas Light
17713
10 Bank of N. Y. Nat'l Asso. 1461-3
4 Metropolitan Nat'l Bank. 161
pay 2 per cent for call loans, while stock borrowers pay 2)^@4 30 Merc'tlle Nat'l Bk. 12514-I26
12II3
1 Clinton Hall A8.^ociation. 70
2.5 Park Insurance Co
per cent, the latter being rather an outside figure. Prime com121
10 Old Dominion S. 8. Co. ..109
200 Westchester Fire Ins
mercial paper is quoted at 3^@4 per cent.
400
46
114
Si)ring Mountain Coal
110 Fircmou'8 Trust Ins
I4713
121
10 Bank of Commerce
The Bank of England statement on Thursday showed a gain 27 Moutauk Fire Ins
Sonils.
110%
for the week of £111,000 in specie, and the percentage of reserve 104 Long Island [ns
lllia $25,000 Tcbo &. Neosho RR.
32 Second Avenue RR
to liabilities was 46 15-16 per cent, against 45^ per cent last
Ist mort. 78, due 1903....116ia
133 Bleecker Street & Fulton
week; the discount rate is unchanged at 2)6 per cent.
25is
The
1,000 N. Y. Academy of
Ferry RR
Music 6s, due 1883
97%
Bank of France shows an increase of 8,625,000 francs gold and 40 Am. Exch. Ins. C0.II4I2-II514
116
2.000 Society of Tammany
100 Star Fire Ins. Co
2,325,000 francs silver.
88I2
78otlS87
40 Importers' & Trad's' Ins. 100
The last statement of the New York City Clearing-House
Railroad and Miscellaneous Stocks. The tone of the stock
banks, Lssued May 21, showed an increase in the surplus above
market has been strong most of the time since our last report,
legal reserve of .$1,921,375, the total surplus being $16,738,575,
and only to-day was there an exhibit of decided weakness in the
against $14,817,200 the previous week.
temper of .speculation. The money market is as easy as the
The following table shows the changes from the previous week most sanguine could desire, and with the gradual disbursement
and a comparison with the two preceding years
of about $70,000,000 surplus revenue in payment for bonds, between August and December (as the Treasury it is understood
1881.
1880.
Differ' nces fr'tn
1879.
will do this*, it is clear that the markets will have all the help
May 21. previous week.
May 22
May 24.
from Washington that they can reasonably expect. The imLoans and dls. $324,192.8001 Inc .$6,161,900 !272,250,800 $257,636,500 mense interest of soma of the great operators, and especially
Specie
80,518,500|Iuc 3,630,300
56,831,900
18,802.400
" consolidators," is now, and mu.st be for some time
Circulation
19.135.300 Inc
538,400
20,304,000
19.856,600 those who are
Net deposits
326,611.700
9,7^3,300 253,325,700 227.315,600 to come, the prime support of our markets. These parties altoLegal tenders.
17,873,000
738,900
21,669,500
43,284,900 gether control an amount of capital that is simplj' enormous,
Legal reserve. $91,652,925
.$2,448,325 $64,581,425 $56,836,400 and their great purpose now being to distribute their abundant
Reserve held
93,391,500
4,369,700
78,501,400
62,087,300 supply of fresh stock and bonds to a thirsty public, their interdemand a rigorous support of pri -es for
Burp1u9
$16.733.575 Inc .$1,921,375 $13,919,975
$5.250.900 ests would all seem tosome 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 distribactual rates are 4 83M for 60 days and 4 85M for demand, with uted and never taken back again. This appears to be a photocable transfers at 4 85M. 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: Savannan, buying, influences, easy money and support of heavy operators, and are
%, selling, ^A@% prem.; Charleston, buying,
prem., selling, not causes affecting the substantial values of the re.spectiye
prem.; New Orleans commercial, par to 25 prem., bank, 2-50 railroads, such as increased profits, decreasing expenses, &c.
prem.; St. Loais, 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.
Kichmond & Danville RR
Riclimond & AUegbany RR
98
43
45
75
60
115
102
60
76
Charlotte Col. & A. RR
56
65
Atlanta & Charlotte RR
76
89
Norfolk & Western RR., pref
65
68
In addition to the home influences, it is notorious that the London
market has never been so accessible as now for placing the
;
:
—
—
:
.
. .
.
.
.
.
—
^
%
....
May
'
THE
1881.1
".8,
RANGE IN PRICES AT THE
(;hronj(^le.
571
STOCK EXCHANGE FOR THE WEEK, AND SINCE JAN.
N. Y.
DAILY HIGHEST AND LOWEST PRICES.
BTOCKS.
•128
Albany A Simqin'tiaumi
N. Y. Air-Line pref..
Pittt*l)urK«t Wimtern..
No
Burlington Cedar llapliis
Boston
it
Bufl'iilct
&
80
29
Canada Kouthfru
Cedar FallM tt Miunoaota
Central Iowa
131
131
48
48
'80 'so
81 "8 82 14
Si If
29 Hi
iHt pref
2a pref
Chicago
Chicago
&
Clilcago
MHwiiukoo
*
&
Quincy..
160:i4 16634
Illinois
Wt. Paul.
i'i'i" 12314
Bnrliiiffton
KaKtoni
Do
pref.
&
Chicago
North wo»t<irn
Do
pref...
Chicago Hock IbI. A Pacific
Chicago Bt. L. A Now Orleans..
Chicago St. Paul Mian. & Om..
1311,
131
144
145
167'4l70
A
84
Texas Central
87 -Ii
141^4 1461.2
International
A
65 111 56 14
Lake yh ore
Louisville
Chic.
Manhattan
A Cincinnati, 1st pref.
Do
2d pref.
Memphis A Charleston
Marietta
Metropolitan Elevated
L.
A
Sh.
Missouri Kansas
West., prof
Texas
ift
Mobile A Ohio
Morris & Kssex
JTasUviUe Cliattanooga
& St. L.
New York Central & Hudson
New York Klevatert
New York Lake Erie A West..
Do
pref.
New York A New Ensland. ....
New York Ontario & Western
.
.
Do
«
Do
3634
45 'a
81 12
37 'e
60
61
Kocheater & Pittsburg
Kome Watei-town A Ogdensb'g
36 '4 3734
pref.
Do
Do
pref. . ..
let pref.
Lonis Iron Mt. A Southern.
Louis A San Francisco
Dniuth
St.
PanI
8t.
Panl Mlnneap.
A
A
70
142
Burlington
.
t'nion Pacini-
Atnerictii District Telegraph
73
108 12
39 Hj
87
Pacific Telegrajih
..
..
Canton Co
Delaware A Hudson Canal
New York A Texas Land
Oregon Railway A NaT. Co
Pacific Mail
Pullman Palace Car
Sntro Tunnel
Western Union Telegraph
FargoA Co
COAI. AND nilNINO.
Wells.
7434
109
40 14
87
48
4812
75
10912110
3934 4012
88
«S3i
4634
88%
67 12
68%
4634
47 14
34%
128%
66%
96% 95%
95%
3034
76
77
75% 76
85
66
50 13
63
63
2%
2I2
LiMle Piltsl.uiK fining
ManpoHa L.inil A Mining
91
92 '8
132
88
(18 12
II9I4
3%
5
•31
Maryland Coal
Ontario Silver Mining
Quicksilver Miuing
prof
Standard Consol. Mining
Cameron Coal
Mining
Central Arizona Mining
Doadwo<Hl Mining
Hicelsior Mining
NewCentrol Coal
Stormont Mining
14
•38
19 14
.
334
1,30
64
23
37
2%
23
3734
3
4I2
a
4I2
•434
514
312
312
319
8
92%
131
94
96 3»
29%
311-j
44
441.J
32% 34 Ij
143% 146
146
•146
171
31%
80
80
82
110
82
110
54
65%
66% 56%
26" 27' 26%
54
64
64
68
"so'
64
62
2734
.58%
liiodo
113;6V.5
138
133
145
136
131
140
1333b
•
30%
83
137
132't
90%
144%
126
2734
69%
20
38%
44% 45%
81
82%
3534 36%
40% 46%
83%
114
•200
91
93
145% 143
11534
63%
63%
84
115
250
93
146
2"5",i66
65
8,606
'28%i2's)
53
53
61% 64%
134%
33
108%
10634
108%
27% 29%
57% 69%
27% 29
56% 5734
20
20
20
13
13%
20
86%
91% 94%
83
112% 115%
62% 64%
68% 39
49% 51%
106% 108
33
36
129% 129%
89-34
9234
149% 151%
109% 111
49%
8934
.')0%
91%
38% 39%
38% 39%
45
68% 70
44% 45%
66
43
45%
8334
8234
85
i84
4334
82% 85
35% 3634
46% 46%
185
85
30%
46% 47%
.3534
285
46
5834
140
265
46%
69
140
36% 37%
260
46%
4634
5334
60
38% 36%
34% 35%
183
80% 81% 81%
48% 48%
74% 74% 74%
109% 109% 109%
39%
88
89
88%
96
96% 97%
67
6834
67%
46-34
46% 47
34% 34% 34%
124% 125% 124%
65
55% 65%
9434 95%
93%
71%
36
36
14334 x98
98
81%
4834
73
109%
65% 57%
2%
90
1.32
135
9734
68%
46%
34%
127
5634
96%
S6% 66%
72
•45
80% 80%
48% 49
iiebd
65.680
70,000
66,134
24,281
'45%
145
33
145
98
100
34%
91%
1,32
79% 79%
4734 48%
7434 75
74
75
10934 10934 •109
110
70
71
87
72
87
72
89
89
98%
9834
5534
,'>3%
127%
55%
95% 95%
55% 56%
93%
9534
66% 63%
2,400
4634
34
126
66
111%
65
47
34
34
127% 125
11234
2%
2%
127
90% 91%
132% 133%
2%
,34
"400
ill" 112%
•43
50
133
68%
"so"
70
167
189% 169% 169 169
66% 67% 56% 57% 53
126
•24
,
334
5»4
25
4%
534
135
2%
135
2%
50
168%
50%
135
2%
126% 128% 127% 129
00% 91%
133
133
89
91
%
13334 13334
87
4%
•5
4%
62% 62%
40% 40%
25
4%
25
4%
6
31
30% 30%
30%
31
39
19
38
19
38
1334
68% 66%
22% 22%
37% 38%
3% 3%
•4%
4%
•8
•5
9
3%
86
71
6%
3%
1834
22% 22%
38% 39%
3
19
38% 44
3
8%
31
These are the prices bid and asked— no sale was made at the Boar.t.
8%
31
9,316
100
2,820
3.400
4,040
10,470
6,630
1,237
1,450
1,100
43.403
7,600
3,200
183,420
25,668
38,650
97% 98
67% 68%
65
62% 63
02
63
41% 41% •40% 41%
410
415
17,600
23,100
900
70
73
•133
2%
12634
200
62,930
59% 60%
39%
89%
11234113% 111=8 113
50
168% 169
7,700
62% 63
40% 42%
•24
4
5%
25
4
6
61
42
•24
334
334
6%
6%
31% 35
38%
30
38
19
34%
•65
23
66%
•38
19
65
23
•2234
43
4534
3
3
•4
•8
•5
38
19
4%
8%
6%
31% 33%
63%
42
25
43
•4
•734
•5
32
19
65
23
43%
4%
8%
5%
34
Lowest price
is
oxdlvldend.
1881
Low Hlch
Hlgheit
Jan.
«
"
Apr
131
May
it 100
Feb. 26! 44 " May i('
Fob. 24 90 May 21]
Feb. 26 90 Jan. 14
Jan. 18 40 May 2C
31
Feb. 5 45
May 211
82% Jan. 4! 112 Feb. 17
80% Feb. 25 98% May 2:
2034 Jan. 19 33% May 14
3234 Jan. 12| 48% May 14
23 Jan. 25 36% May 14
132 Apr. 19,136 Jan. 6
140 Mar.23:153 Jan. 7
100 Feb. 26!l82%Jan. 17
90 Apr. 211 05 Mar 17
101% Feb. 25 129 May 20
117 Feb. 23 140 May 26
117 Feb. 2r 136 Jan. 19
131% Feb. 21 147% Jan. 17
129 Fob. 26 148% May 21
40 Jan. 4 88 May 23
40% Mar. 2.'' 61 Jan. 22
91
Fob. 25 109% Jan. 24
41% Fob. 1 67% May 19
81 Feb. 25 10134 May -23
127% Jan. 29 142 May 10
1934 Jan. 4 32% May 20
60 May 12 77 May 24
107 Jan. 4 131 Mar. 9
82% Jan. 4 111 May 10
76% Apr. 8 83 Jan. 15
110 May 13 110 May 13
89% Mar. 17 91 Mar. 23
4434 Jan. 4 85
May 25
94 Feb. 26 110 May 26
250 MttV 23
63 Feb. 26 93% May 23
124 Jan. 4U46%Mav21
60% Jan. 4 100% Apr. 28
48% May 2 57% May 19
60 Jan. 6 02 May 6
14 Jan. 10 30% May 20
41
Jan. 4 66 Jan. 27
38% Jan. 4 64 % .May 27
118 Feb. 25 13534 Jan. 20
16% Jan. 26 38 Feb. 21
79 Feb. 25 110% May 18
58 Jan. 7 102% May 24
21% Apr. 26 46% Feb. 14
34 Jan. 12 69% May 26
May 2
9 Jan. 4 24
May 25
Jan. 7 15
41 Feb. 18 90% Mav 24
85% Apr. -26 126 Fel5. 14
103% Apr. 19126% Jan. 20
37
69
66
16
64% May
May 20' 39 May
Feb. 25 54 May
Jan. 281110 May
Mar. 22;
Apr. 5
Feb. 26
Jan. 5
120
37
..
61 34
.
60
40
80 >•
14
29
37
28
45
63
16
22
17
67,700
95,750
47,410
1
Feb.
80% Jan.
77
3I
5
26
1%
21
27'!
113
06%
160
183 >9
114*4
124%
87% 130
104
146%
99
100% 204
22
61
10634
48
96%
129%
9% 26%
60
63
68% 110%
61% 86%
00
83
22% 80%
63% 105
168
200
91%
99% 127%
4934
25
62
37% 50%
9
20%
25
43%
20% 4234
98
139%
77
30
174
109
21
67%
30
60
18
334
2% 12%
29% 43
83
75
121
130%
28% 49%
12
29%
100
47%
122
109
30
47
155
123
128
166%
127%
51%
93%
180
20
70
32"8
20
36
85 3g
39% 67%
14
28%
23
44%
5734 102
168
18
225
112
111
129
129
28%
13% 72%
lfl7„
°
15
36
42
42% 112
34% 66
25% 48
33
60
25
50
66
100
40
79%
80
113!%
74% Feb.
60
81
96
66
73
57% 75
53%
12
Jan. 13
May
May
2%
1-2534
7
35%
4
473^
26% 48
51% 88%
Apr. 13
May 27
Mav21
5 13434 Feb. 16
6 83% May 23
4 72% May 26
Mar. 29
Apr. 27
Feb. 28
36%
169%
27
May 27
1,400
60 May 23 05 May 23
10,385 35 Jan. 3 65% May 19
Apr. 19 43 Jan. 15
1,500 31
46 25 May 25 29% Jan. 4
6,700
l%Jan. 5 8% Feb. 7
1,'200
34 Jan.
9 Apr. 22
4
11,600 23 Jan. 6 35 Miy 27
10 33% Jan. 10 38 May 26
13 Jan. 6 20 Apr. 8
2,100
200 53 Jan. 6 68% May 18
27 Feb. 17
1,000 2134 Jan.
45,680 25 Apr. 27 463i May 26
900
2 Apr. 12
3% Jan. 10
200
4 Jan. 20
7 Feb. 14
3
8 May 21 14 Jan
600
2; 300
25>4
as
3,129
92r.
4
90%
07%
67
30
Apr. 19
228 120 Jan.
886 62% Jan.
2,400 61% Jan.
1,455 112 Jan.
81H
-27
19
Feb. 26 39 May 19
Feb. 23 130 May 23
Mar. 21
Jan. 6 102
Feb. 25 153 Jan. 3
May 4 130% Feb. 15
Feb. 25 52% Jan. 15
Feb. 25 95 Jan. 10
60 May 10 65% May 23
164% Mar. 25 185 May 26
28 Jan. 4 43% Feb. 2
70 May 14 90 Jan. 29
66 May 27 70 Mav 26
32-34 Jan. 13
51 Mar. 17
64% Jan. 25 85 May 25
23% Jan. 5 37% May 21
36% Jan. 4 47% May 20
126 Mav 21
219% Jan. 7 265 Mav 24
27% Jan. 4 47% May 21
50 Feb. 25 73% Feb. 9
127 Jan. 19 142 May 17
130 Jan. 7 146 May 16
20 Apr. 14 38% May 16
25 Apr. 1 38 Jan. 24
39 Feb. 23 77% May 12
98 May 26 14334 May 26
62% Jan. 4 82 May -20
39 Mar. 24 61 Jan. 11
61 Jan. 4 75 May 23
90 Feb. 25 110 May 23
26 Feb. 9 42% May 4
70 Mar. 8 89% May 23
88 % Jan. 7 9334 May 27
41% Jan. 4 68% May 23
4134 May 13 47% May -23
23 Mar. 10 38 May 13
103% Feb. 26 1-27% May 20
39 Feb. 25 58 May 14
77 Feb. 26 96% May 16
62
66
34
53
#ss%ss:
26 32
3,200
25 40
Jan. 6
19,610 89% Jan. 4 113% Mar. 7 60
30 Jan. 15 46 Mar. 12 25
135 Jan. 3190 Feb. 21 102
106,500 4334 Jan. 4 02% Feb. 18 27%
200 1.30% May 14 151 Jan. 3 107%
900
t
B|]ic« Jan. 1,
Lowest.
22,966
172,875
2,800
20,028
1,300
72,575
10,910
6,500
9„300
51,600
24,560
68,800
35,300 42
1,800 63
176,160 39%
20,775 85
8,400 18%
4,400 118
10,600 63
03,967 140
13,5-20 103
128,946 4334
14,550 82%
6834
70%
143% 143
'45
40,100
10,100
38%
34% 36%
44% 40%
44"
100
84
48
63
260
45% 46%
59% 60%
29,828
500
362
186
37
i84
185
92;6o6
5,400
195,430
12,535
857
200
13% 14
13% 13%
90% 87% 89
79
87%
92% 91% 92% 91% 94%
11534 115
116% 115% 11634
63% 62% 64% 61% 64
66
57
67% 58%
63
51% 52% 51% 52%
107% 108%
109% 108% 109
3534 36%
38% 36% 38
129% 129% 12934 129% 12934
91
90% 90% 90% 91
152% 151% 152% 151% 151%
108% 108% 108% 108% 111%
60% 80% 50
50%
51
91%
92% 91% 92% 91
183
12734
85
28"3d%
33
30%
107% 109
65% 88%
61
10,800
104,100
9,900
21,200
6,100
18,000
40,200
2,500
23,700
140
2734
31
83% 84%
115
108% 108% 108
27
68
69,410
12,980
278
72,020
121,450
10,700
8,000
3,500
3,110
1723^
173
134% 135% 13334133% 132
102%
i',i47
i27%i29" i26%i2834
86% 87
80% 8634
72% 71% 72
71% 72
11914119% 119% 119% 120% 120% 121 124
125% 12534
88% 88%
32 12
31
•38
39
I912
19
..
.
145
•146
169
125% 126% 125% 127% 126% 128
108% 109
108% 10834 108% 109
123% 12334 126% 124%
60
Homestake Mining
95% 96 'e
31% 31%
47% 48
34% .34%
"66"'
63
•130
88
68
118
103% 105 14 100% 1043
141
•
56% 87
tll234 11412 ill2% 13%
*42
•45
46
1651s 166 14 166 169
57 14 58 14
57=4 68%
91
14
85
"64iih'4'i-j
6212 63 18
4118 41 12
*84
25
Consolidation Coal
*
3734
7412
American Coal
(.'onsol.
5934
81% 81%
48
04 ij
12134
ex-certiflcates
United States
»__
31
133
EXPRESS.
Do
47
34 12
34
I2414 12434 12434
55% ,56 12 66I3
2I4
American
Caribou
29%
70I4 71
72
70
142 12 I4212I42I2 142
34 14
American Union Telegraph
,
37
81% 81%
471.J
46
Wabash St. Louis APaciflc
Do
pref.
MIf<CEI.I.ANEOU».
Do
26()
Manitoba.
Ixmis
Toledo DclpTlos
260
46
58
•ISO's 138
671a
St.
36 14 37 »4
47
4712
47%
47 1^
Do
44-% 45 12
8012 81%
37
126
4614
A
86
47
101 102
102
25
24 »9 26
26% 24%
55
5534
55%
21
1934 2212
20
12 21 12
1334 14
13
15
86
85%
75\ 77 14 77
89 12 90 12 89
89% 88%
114-'8 11512 115
116% 116%
68I2 61
58^4 5912
60%
65
65
55
55
53
54
52% 53% 51%
108 12 10934 10734 109 12 107%
38I4 383,
37 12 .3812
38
I29I2 1.30
*129 1.30
129%
90 14 913b 90
90 12 90
15034 15114 161% 152% 151%
107 107 12 107 107 14 100%
5012 5118
50% 51% 60%
92
92
92
92 ij 91%
65% 65 12
182%182i4 183
38^8 39%
38% 39 14 38
80 12
pref
.
Atlantic
26U!26"'
33
143% 144
146
147% 147% 144% 147%
•84% 86
84% 84%
46%
46% 4634 4534 46% 44% 45%
107% 108% 107 108
107% 107% 10534107%
66
66% 65% 66% 64% 65%
io6'%ioii4 100% 101%
99% 100% 9634 99
86
57 12
8612 67
66
58%
13318 13434 133% 134%
1 33 'a
34
34
34
108^8 108 108% 108 IO834
Peoria Decatur * Evansvllle .
Philadelphia & Reading
Pittsburg Ft. Wayne * Chic....
A
14434 146
•145
1683, 168
168
'25^8
47
126
Texas
811.J
40
07 1^
"88 " "87
77% a»^
""m" od"
34
lOSH,
Range
220 120
200 4.5
80%
14614
6712
4434
OhioCentral
A
66
131
8114
31% 32
47% 48 14
34% .341.J
32-if
48
85
May
Mayarf.
38
45
pref.
Northern Tacific
St.
St.
100
97 •%
126 li
133
33 '8
108
New Albany &
Milwaukee
88
Gt. Northern..
Is
80
34
45
105
06
33
"'>ii'~.
83 12 81
81
82
8I34 85
II412II5I2 11434 11534 11434 116
•200
250 250 •200
93 12
9034 93%
87
91% 93
146 146
14434145% 146 146
82
II3I2II5
pref
A
Houston
8OI4
Juneph
St.
167%
"iii"
8I1.J
Sales of
the Week
Shares.
Frl.lay,
27.
"is
i!2'5i»
i-j
Do
80%
Thnrsilay,
131
48"
124% 127" i27%i28K.
13934
13212 13334 132% I33I4 134
132
132.14 13212 135"
132% 134
133 1.33%
1411.2 14412 146
145% 146% 14434 145%
14634 147=4 146% 147%
148", 147 148
i23'
88
82
83 Hi
85
46<2 47 14
46
4(i'9
pref. 106 3, 107 1^ 10712 108%
Do
66
«l!
06
67
Cincinnati HandUHky A Clev....
ogi-jioiu 100% 10134
Cleveland Col. Cin. A Ind
141
Cleveland A Pittsburg guar.... »
2912 31 12
Columbus Chic. A Ind. Central. 30 14 32
761-2
72
73 H!
75
Danbury A Norwalk
Delaware I,ackawanna A West. 125% 126i^ 1253412718
10812 lOS '8 108% 109 12
•78
80
110 110
Hannibal
May 25.
'so'" 'soi,
'145
•146
Wednesday
131
•
29% 2912 29
45
45
i03'iio4i.j 104>2lO6;< 105%
93"« 97 %
eeu 98'8 96%
32
:i'2\
31^ 3234 32%
4734
4712 47-1,
48
47
.34
SSie S514
35
35^4
U6 146 14 145
144°sl46
Central oJ New Jersey
Central Paritlc
Do
Do
May 2-i.
May 23.
May 21.
RAILROAD!!^.
Tuesday,
Monday,
baiuruay.
1.
77il
63
9234
30
147
62
146
4%
116%
106% 122
6634
54
42
100
86
118
56
85
19% 42%
28
26
3934
39
1% 30%
2% 4',
16
30
9
45
20
fl
3934
24%
78%
34
6
21%
26%
1^5%
Jan. 8|
35
Feb. 9 20
Anr. 13l 2i.>l 4%
—
.
.
.
—
.....
—
..
THE CHRONJCLE.
672
.
XXXn.
[Vol.
QUOTATIONS OF STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES.
STATE BONDS.
SECURITIES.
Alabama—
6s,
73%
A, 2 to 5,1906....
small....
A, 2 to
B. r)s, 1906
C, 2 to 4, 190G
10.208, 1900
Class
Class
Class
Class
73
00
83
100
.'5,
Arkansas—
&
100
30
68,fmi(lc<l. 18091900..
Ft. 8. 188
78, 1.. Kock
78, Mcmp. it li.Hock
78, L. K. 1'. 11.& N.O.
78, Miss. O. c6R. K. UR.
78, Arkausas Ceut. IIR
Counecticnt— 08, 1883-4.
Georgia— Cs, 1K86
78, ucw, 1881)
78, endorseil, 1880
78, Eolrt, 1890
20 H;
20
19 la
17
15
KR
KK
"is
104
110
112
112
118
I5I2
17
119
62 'e
61
58
1914
102
115
0», old,
3112
Do
Chatham
112
113
RR
7
8I4
8I4
,
8^
87
83
Small
9
9
88
Os,
Os,
1881
1880
Os,
Funding
Do
Do
RAILROAD BONDS AND MISCEL,l.ANEOUS SECURITIES.
cen. Pacific— (.'ontinu'd
—
bonds,7s,'84 100
Kile Continueil—
Sth mort., ext.. 7s, 1888. 114%!
Ist.consoL.gold. 7s,lil'20 132 |132i4
I
[
Railroad Bonds.
(Stock
Exchange
Long Dock
Pricen.)
Ala. Central— Ist, Os, 1918
Balt.*0.— 1st, 68, Prk.nr.
84
Best. H. & K.— 1st mort..
Bur. Ced. R.Ji No.— Ist, 6s tl03
L.— Ist.Ts.gu tl20
Iowa C.& West.- 1st, 7s
C.Hap.Ta.F.&N.— Ist.Bs 104
Minn.it
St.
Iowa— Ist,
Central
Cheasp.
* O.— Pur.
85
127=4
90 Si
00-
66*''
* Alton— l8t m..
Income 78. 1883
Sinkingfund, «s, 1903-.
Joliet & Chicago— 1st m.
Chicago
La.
<fc
Mo.— 1st
2dmort.,
St. L.
7s,
106
113
1900
Jack.&Ch.-lstm ni7
iS
66
Quincy—
8p. c, Ist mort., 1883 .. lOO^a 110
Consol mort., 78, 1903.. tl31
68, sinking fund, 1901.. tl04'a
Chic. Rk.
Isl.
& Pac-
132
es, coup., 1917
68, 1917, registered .
Ist, g.,68
Keo.& Des
126
104
M.—
I2H2
Central of N.J.— l8tm.,'90
Ist consol., assented, '99 118% 118'
Conv., assented, 1902... 117=4
Adjustment, 78, 1903... llOiQ 112
Leh.&W B.— Con.g'd.as.
1121a
Am. Dock & Im. Ass'd. isiii
Chic. Milw. & St. P.—
Ist mort., 8s, P. D., 1898 136
142
—
2dm.,7
3.10. P.
D.,1898 tl23
130
l8tm.,7a, $ g., R.D.,1902
1st m., LaC. Dlv., 1893..
iBtm., I. & M., 1897....
Istm.,
I.
&D., 1899
&
129=4 130
130
129
131
Ist m., C.
M.. 1903...
Consol. 7s, I9O0
2d mort., '78, 1884
Ist, 78, 1.dt D. Ext., 1908
8. W. Dlv., 1st, Os, 1909.
1st, 5s, I.a.& Dav., 1910.
Ist S. Minn.Div.,6s,1910
132
135
111
123
112
114%
....
100
104
110
115 %
&T0I.— Sink. Id.,
New bonds, 78, 1886
Cleve. P.
Ash.— 7s
Bulf.
Erie— New bds.
Butr. & State Liue— 7s
Kal. & W. Pigeon— 1st
Dct.M.ct T.— l8t,78,1906
Lake Shore— Div. bonds
till
Con.sol., coup., Ist., 78
Conaol., reg., Ist, 78...
130
Consol., coup., 2d, 7s..
Con.sol., reg., 2d, "/s ...
Nashville—
Louisville.
Consol., 7a, 1898
2d mort., 78. gold, 1883.
128
Clove.
&
.
N.O.AMob.-lst, 08,1930
E. H. A N.— Ist, 68, 1919
Gen'l mort., Os, 1930
Pensacola Dlv 6s,1920
St. L. Div.— Ist. 68, 1921
2d mort., 38, 1980
Nashv. A Dec.— lat. 78.
L. Erie
A W.—Ist, 69,1919
124
tll2
tl27
t.
128
1331a
1281a
122
115
106%
106=)
45
19
1077,
111
1899
small
111
rej^istered
Mob.&O.— 1st
luef.deben.
prof, debentures
pref. debentures
4th pref. del>enture8
2d
3d
N.Y.LakeE.itW.— Ine.68.
N.Y.P.A O.— 1st iuc.ac.5.7
1081a 1091a
IIII4
111
Div.. 68, 1919.
2d m., gnar.,
78,
1898.
Rome W.AOg.— Con.,
Ist.
Roch.A Pitt.— l8t,68,1921
1121a St. Louis A I. Mount.— 1st
70
2d mort., 78, 1897..
Arkansas Br.— 1st moi-t.
120
Cairo A Fulton— Ist m.
m
.
.
.
m
.
.
.
.
.
,
—
-
1
.
e7
58
58
90
08
90%
87
54
99
92=4
t80
68
,
.
66%
90
88%
65%
100
93
.S8=4
90
01»8
67
t68
62
00%
314
3%
05
122
70
124
106
108
104
110
108
lie
110
107
110
106
112
110
tll5
il8
110
108
85
87
112 116
118 122
100
25
27
110
100
87
Kansas A Neb— 1st mort.. 85
45
60
2d mort
115
Long Island- Ist mort.. .
90
2d mort
92
94% Midland of N.J.— Ist.new. 98% 99
108=4
19
19%
Income, "A"
120
14% 15
Income, "B"
113 114=4
39
37
Stock
117
118
N.J. 80.— Int. gnar.,68,'99 105 1061a
117
120
51
N.Y.AG'nw'd L.— l8t,78,n 48
115
18% 20
2d mort
90
94
92
94
St. Joseph A Pac— Ist m.
116 122
51
54
2d mort
116
28
26
St. Jos. A West'n- Stock
107
South Side, L. I.— 1st, 7s. 103
96
98
Tex. A St. L.— Ist, 0s,1910
till
Utah Central— l8l mort.- 100 110
100
Utah Southern— Ist mort. 109 111
tl06
80
77
Wi.s.Cent.— 1st series, new
99=j 100
00
64
2d series, new
99
.
1
97=4
64
60%
Cairo Ark. A T.— Ist
106% 107
109
Gen.cr'yA l.g., 58,1931
Laf. Bl.A M.— Ist, 6s, 1919
101 la Louisv.N.Alb.AC— l8t,6s 108% 109% St.L. Alt on A T.H.— Istm.
2d mort., pref., 78, 1894.
Manhat.li'ch Co.-78,1899 100 102
2d mort., mcome, 78, '94
N.Y.A M.B'h— l8t,78,'97 110
BellevilleAS.Ill.— Istm.
Marietta A Cin.— let, 78.. tl20
Man.— l8t,7a
St.P.Minn.A
1st mort., sterling
2d mort.. Os, 1909
Metrop'llt'n El.— lst,1908 103% 103 '(
89 14 91
Dakota Ext.— 68, 1910 ..
2d mort., 68, 1899
129
Tol. Del. A Bur.— Main. Os
129
Mieh.Cent.—Con.,78, 1902
110
Ist, Dayt. Div., 6s, 1910
129%
Ist mort., 8s, 1882, s. f.. *107
Ist, Ter'l trust, 68, 1910
112% Equipm'nt bonds, 88,'83
Sontliern Securities
Wab. St. L. & Pac—
6s, 1909
(Broker's Quotntions.)
Iowa Midlud— Ist m., 88
General mort., Os, 1920. IO0I4 105=8
Jack. Lan.A S— 68, 1891
STATES.
99% 100%
Galena & Chic— Exten 103 IO4I4 Mil.ANo.— l8t,4-5-68,1910 100 105
Chic. Div.— 58, 1910
So. Car.— Consol. 68(good)
104
Peninsula— 1st m., conv.
1910
105%
109
Hav.
Div.—
108%
68,
Mil. L.S.&W.— Ist0s,1921
consol
Browne,
Chicago & Mil.— Ist m.. tm"
Tol.P.AW.— 1st, 78,1917 117%
Mo. K. A T.— Gen.,con., Os 98 't 99 14
Viiginia^New 10.408
Winona & St. P.— 1st m. 109
112
Wabash— Mort. 7s of '09 110%
Cons., assented, 1904-6. 112
RAILROADS.
112%
eit..78
2d mort., 78,1907
W.—
l8t,
122
89
Tol.
A
89
2d mort., income, 1911
Atl. A Gulf— Con8ol.78,'97
C. C. C.& Ind'a— lst,78,8. f. tl23
113
1st, St. L. Div., 79,1889 109
123=4
H. A Cent. Mo.-lst,'90.
Atl.A Charlotte— Ist, 7s
Consol. mort., 78, 1914.. 126
2d mort., ext., 79, '93. 109%
126% Mobile A O.— New m., Os. 114"
Income, Os
C.St.L.&N.O...Ten.lien,78 tll3
Equipm'tbond8,78, '83 toO
Nash.Chat.A St.L— Ist, 78 12114 123
Stock
Ist m., con., 7s, 1897
•„„
Consol., conv., 79,1907 tll4
ni3
N. Y. CentralC. St. P.M.& O.— Cons., 68
Gt. West.- Ist, 78, '88. 111% 112% Car. Central— 1st, Os, 1923
106%
OS, 1883
Cent. Ga.— Consol. m., 78
C.St.P.&M.-l8t,08,1918 113
2d mort., 78, 1893 .. 110 111
tll2
Os, 1887
Stock
No. Wise— Ist, 6s, 1930.
103%
Q. A T.— Ist, 78, 1890. 110
68, real estate, 1883..
Charl'te C. AA.— Con80l.7i
Bt.P.&S.C.— Ist, 08,1919 112 113
Ill.AS.L— l8t, 7s, 1882 tl02
68, subscription, 1883.. 105
Chle.A E.Ill.— l8t,8.f.,cur. 111 113
2d mort., 7s
Han.A Naples— Ist, 78
N. Y. C. & H.— Ist ni..cp. 137
Stock
Del. Lack. & West.—
St.L.K.C.&N.- R.e.,78 113
136
1st mort., reg., 1903
Chic.St.L. A N.O.— New 58
7s, convertible, 1892
Om. Div.— 1st mort., Ss 119%
112
Huds. R.— '78, 2d, 8. f.,':
Mort. 78, 1907
E. Tenn.Va. A Ga.— 1st, 78
Clarinda Br.— Os, l9l9 101=4
Canada So.— 1st, int. gu. 103^6 104
Stock
Syr.Biug.& N.Y.— l8t,78 tl27
133
St.C.B.— 1st, 7-88,1908 102%
Harlem — 1st m., 7s, cp.
Morris & Essex— Ist
Georgia Railroad—78
134 1^
No. Missoun— Isi, 78. 125
Ist mort., 78,'ireg.,1900 (132
2d mort., 1891
6s
West.U. Tel.— 1900, coup 119
tll9
N. Y. Elev'd— Ist, 7s, 1906 116=4
Stock
Bonds, 78, 1900
119%
1900, reg
*110
N.Y.Pa.AO.— Pr.l'n,68,'95
7sof 1871.1901
Memph.AChar.— lat.cons.
Spring Val. W.W.— lat, Oa
124% N.Y.C.AN.—Oen., 68,1910
Istm. .consol., guar., 78 126=4
Ist, consol., Tenn. Uen.Oregon RR. ANav.— lst,68 111 111%
N. Y.A New Eng.— Ist, 78.
Del. & Hud. Canal—
Stock
1st m., Os, 1905
l8t mort., 78, 1884
Miss. Central— Ist m., 78.
INCOME BONDS
109% 110 Nevada Cent.— let m., Os.
1st mort,, 7b, 1891
2d mort., 88
tll8
N. Pac— G.l.gr.,l8tcon.68
earned.)
payable
(Itltercfit
If
1st mort., ext., 7s, 1891
N. O. A Jackson— 1st, 8s
Registered 68, 1921
1st mort., coup., 78, '94
Certificate, 2d mort., 8a
118 1191a N.Pac-B'ndctfs, 68,1921 104 14 104=8 Ala. Cent.— Inc. Os, 1918.
Ist mort., reg., 7s, '94... tllSia 119
Norf. A W.— Ist mort., 68
102
105
102% Central of N. J.-1908.
N. O. Pac— lst,6s,g.,1920
1st, Pa. Div., cp.,7s,1917
Stock, pref
124
Norf. AW.— G.l.m., 68,1931 "95
Chic.St.L.AN.O.—2d,1907 100 110
Reg., 7s, 1917
Stock, common
78
Ohio A Miss.— Consol. s. f. 122 123% Col.Chic.AI.C.-Inc.78,'90 77
Alb. * Susq.- Ist m., 78 *114
Northeast., S.O.— lat m.,88
121% 122% Cent. la.— Coup.dob.certa
Consolidated 7s, 1898.
2d mort., 78, 1886
2d mort., 88
tlOSia
Chic.St.P.AM.-L.g.incOi
2d consolidat.ed, 78,1911 126 120
lst,cons.,guar.78,190U 121
Port Royal A Aug.— l8t,6a
122% Istm., Springfield Div.. 119% 119 'e Chic. A E. 111.— Inc., 1907 105 108
Bens. & «ar.— Ist, coup.
Rich.A Dan.— Ist, cons., 68
Ohio Cent.— Ist, 68, 1920. 106%
Ind.Bl.AWest.— Inc.,1919 108
1st mort., reg., 1021
Stock
76
79=<
105
Ist m., Ter'l Tr., 68, 1920
Ind's Dec. ASpr'd— 2d inc.
Denv. & Rio Gr.— lst,1900 119 120
Southw. Ga.—Conv. 78, '86
99=4 100
Panama— S.P. sub.6s,1897
Int. A Ot. North.—2d Inc.
let, consol., 7s, 1910
118 '6 119
99 '( 103
Stock
Peoria Dec. A Ev.— Ist , 6s 108%
2d assented, 6s, 1909
Denv. So.P.cfc Pac— Ist, 7( 110 111
S.CaroUnaRR.— l8tm.,78
98
Evan.9.Dlv.,l8t, 68,1920
Lehigh A W.B.Coal— 1888
Erie Istmort.., extended. t.
_,. ..
Stock, assessment paid.
28% Paciiio RailroadsLake E. AW.— Inc 78, '99 81 'Vi
2d mort., exfd 5b, 19i'J lOih
7s, 1902, non-enjoined
Central Pac— Gold, Os.
Sand'ky Div.— Inc., 1920 78
Sdmort., 7s, 1883
109 109%
Non-mort. bonds
San Joaquin Branch.. 111
Laf.Bl.&Mun.— Inc.78, '99 80',
4thmort., eit'(l,66, 192O1 10812 100%
1st. 7s...
Western,
N.
Cal.A Oregon— l8t m.
109=4
Mil. L. S. A W.—Incomes.
' Prices
nmtiijMl.
week.
t And accrued interest.
this
qnotatious
made
t No price Friday— these »re latest
Sandusky
97
m'
St.L.V.AT.H.— l8t,g.,78
2d mort., 78, 1898
110
108
193*
107 '( 108
.
lat.Tr't Co.ctf8.,8nppl.
1041a
119
tll4
113
5s,
73
73
85!>4
N.O. M.ATex.— Deb.scrip
Ohio Ceut.— Income, 1920
Ogden8b.AL.C.— Inc.1920
Peoria D. A Ev.— Incomes
Evansv. Div.— Inc., 1920
Roch. A Pitts.- Inc., 1921
Den.Div.,0s,ass'd,'99 UiH 114% St. Louis I. Mt. A So.—
1st, 7s, pret., int. accum.
Istcons., 6s, 1919... 108=4 109
2d, Os, int. acc'mulative
Cent. Br. U. Pac— Ist.Os 1 0(! %
St'gI.itR'T.-Ser.l!.,inc'94
Funded coups., 7s, '95. 109
IOOI4
Plaiu Income Os, 1890..
Atch.C.AP.-l.st,6s.l905 106
St.L.A.AT.U.-Div. b'nds
At.Jew. Co. AW.— Ist.Os 103
ToLDel.A B.— Inc.6s,1910
UtahSo.- Gen.,78, 1909 114
Dayton Dlv.— Os, 1910
Mo. Pa<'.— Ist consol., 6s tl07
Tex.AStL.— L.g.,inc.l920
3d mortgage 78, 1906. 112
110
Pacific of Jlo.-lst, 6s
Miscellaneous List,
120
2d mort., 78, 1891
109
St. L.AS.F.— 2d, Os.cLA
(Broker^tt Quotations.)
class
C,
1906
t95
3.0s,
Boat. Hartf. A E.— Stock
97% Chic.A Can.So.— 1st, g.,7s
97
3-Ob, class B. 1906
1st, Os, Peirce C. A O
Chic A S'weat.— 7s, guar.
Equipment, 7a, 1895
Cin. Ind. St. L. A Chic—
So. Pacific of Mo.— Ist m 108=4
lat mort., Os, 1920
Tex. A Pac— lst,68,1905 109
Cin. A Ind.— 1st, 7s, '92.
103
Consol., Os, 1905
2d, 78, 1887
89I4
89 14
Income A I'd gr., reg.
Ind. Cin. A Laf.- 78, '97
lat,RioO.Div„68,1930 103 103 1<
78, 1888
Pennsylvania RR
Col. A Hock.Val.—l8t, 78.
105
Pa. Go's guar. 4 %8 Ist c. 103
2d mort., 78
Registered, 1921
Col. A Toledo— lat m., 78
Pitts.Ft.W.ACh.— Istm 138 139
2d mort., 7s
129
2d mort., 78, 1912
Des M.& Ft.Dodge— l8t,68
125
3d mort, 78, 1912
Galv.H.A Hen.— 78, g., '71
130
Clev.APlttsb.— Con8.,8.f
Gr. Rapids A Ind.— lat, 78
4th mort., Os, 1892... il2% 113
1st mort., 7s, guar.
135
1st, cons
CoL Ch.A I.
Exland grant
2d con., 78, 1909
Stock
125
1st, Tr't Co. ctfs., ass'd
Indianap. AVinc— Ist, 78
2d, Tr't Co. ctfs., ass'd
2d mort., 68
C—
1241a
106 14
100%
117% 118
Landgrants, 7s, '87-9. IIOI4 118
Sinking funds, 88, '93 123 127
Registered 8s, 1893... 122
till
113
Collateral trust, 68.
Kans. Pac— iBt, 68,'96 115%
117 117%
Istm., Os, 1896
.
&
—
1001.1
110 '8
1910 121!>4
Ch.& Pac.
1910 112
Ist Chic.& P.W.,58,1921 100
Min'l Pt. DiT., 58, 1910. 100 la
Chicago & Northwest.Sinking fund, 7s, 1885-. tllO
Interest bonds, 78. 1883 105
Consol. bonds, '7s, 1915.
133
Extension bonds, 78, '85 t....
1st mort., 78, 1 885
1121a
Coupon gold, 78, 1902
Beg., gold, 7s, 1902..
Sinking fund, 68, 1929..
Sinking fund, reg
78,
DiT., 08,
12412
IOI3
40
38
38
121
. . .
110
Ind.Bl.&W.-lst,pref.,78 122ia
92
1st mort., 3.45.(58, 1909
82%
2d mort., 3.4-5-6S, 1909.
Indianap.D.&Spr.— l8t,78 107
Int.&Clt.No.— l.st,68,gold 112 113
Lake Bliore & Mich. 8.—
112=8
Mich. So. & N.I.,8.fd, 7s
Cecilian Br'ch— 7s, 1907
129
112
Istm., H. &D.,
*
A
129
....
107
Or. Ext., Cs,1910
&
gnar. (504), 7s, '94
(300). 78, 1898..
2d, guar. (188), 7s, '98.
1st.,
Mlss.B.Br'ge- l8t,8.f.
l.st, r.a
108
2d mort., 78, 1904
<!ulf C0I.&8. Fe— 78, 1909
llau. & St. Jo8.~89, conv
Houston & Texas Cent.—
117
Istmort.,!. gr., 7s
1st mort.. West. Dlv., 78 113^8
1st mort.,Waco & N., 7s tllO
2d. consid.,main lino, 8s
L'd, Waco AN., 8s, 191 5
Incoinojiiul indeuiu'3',7s
111. Cent. —Dub.it S. C, 1st
Dull.
a. C, 2d Dlv., 78
Ced. F.
Minn.— Ist m.
m., guar. tll8H!
2dm.
Chic. Bur.
Marq.- M.0s,19'20 lioia
Fl'ti^jP.
Ciiil.llar.&S..-\ut'o— Ist.Gs
90
68, gold, ser. B, int.. def.
6s, cuneney, int. def ...
tl'.i5
2d, consol., fd. cp., 5b
105
116^2 117
7s, '99
m'y f d.
127
Buft'.N.Y.&E.-l8t,1910 tl'29ia 134
N.Y.L.E.*W.-NeW2d,6 tl08 ....
1st, consol., fd. cp.. 7s
bonda,7.s. '93
State Aid
Land grant bonds, Os.
West. Pac— Bonds, Os
So. Pac. of Cal.— Ist, 63.
Union I'acitlc-lstmon.
71
71>a
—
Small bonds
Registered
115
coupon, 1893-99.
Oh
08, consol.. -d series
6s, deferred
District of Columbia—
3-6u«. 1924
110
Rhode Island—
37
(
IO214
Ohio—
109
120
121
122
34 la
)
uon-linidablu, 1888..
VU'giula— 0.S, old
6«, new, 18(i(i
68, new, 1867
6s, consol. bonds
6s, e,\-niatured coupon.
13
21
21
Special tax, class 1 '98-9
class 2...
Do
class 3...
Do
Consol. 4s, 1910
South Carolina—
68, Act liar. 23, 1809
6s, old. 1892.8
6s, new, 18;i-2.8.1900-...
68, new series. 1914
y.i
A.&O
Ask.
Tennessee-
AC
Fnndinpr act, 18U8-1900.
1808-1898.
Do
Now bonds, J.&J., '92-8
U2S
I121.2I
1887
gold, coup., 1887
loan, 1883
loan, 1891
loan, 1892
loan, 1893
N. Carolina—6s, old, J.& J.
pToUl, reg.,
A.&O
No. Carolina RH., J.AJ. 130
ISO
Do A.&O
Do coup, off, J.AJ 110
110
Do coup, off, A.
104
111
112
113
115
'92
115
Asj-l'Di or Univ., due
118
Fuuilliig, 1894.'95
Hauiiibal & St. Jo., '86. 111
Do
'87. 113
do
SECURITIES.
Ask.
N. Carolina— Continued
Mlchlffan—
OS, 1883
79, 1890
Missouri—
Bs. line 1882 or 1883..
Cs, rtuolSSO
Gs, iluo 1887
Ba, (lnol888
OS, line 1889 or 1890 .
6s,
6s,
Cs,
6s,
08,
6s,
SECURITIES.
Ask.
Now York—
Louislaua
78, consol.,
78, small
SECUBITIES.
Ask.
Bid.
C—
107
56
109
67
113
116
96
84
95
119
162
112
101
62
105
165
116
118
98
86 >•
120"
170
114
103
64
iso"
1'20
111
118
180
114
111
84
105
113
116
116
66
33
125
112
104
103
115
110
130
107
60
118
78
100
115
122
187
117
"si"
103
67
35
108
105
118
66
122
82
108
.
.
May
.
.
.
THE
28, 1884.J
[Quotations by R. 8. Bailbv, Broker,
No. 7 Pine Street.]
PllICl!.
COHPAKIIS.
Bid.l Alk.
America"
Am. KxchanKe
Butchers'
Central
Si
Chase
Chatham
Chemical
Citizens'
City
100
Commerce
100
100
lOO
26
25
100
100
OoDtinental
Corn Exchange".
Bast River
Hlevcnth Ward*.
Fifth
Fifth Avenue*
First
Fulton
Oallatln
.
German American".
German ExchanKe*.
Oermania*
Greenwich*
Hanover
Imp. and Traders'.
I
Ulil*
»2«
Pacific*
People's*....
Phenix
Produce*
New
,,
York.
Third
Tradesmen's
Union
United States.
West
(Greenwich
(tuardlan
Hamilton
15
Hanover
50
60
120
OS
105
113
120
IW
.1)0
167
140
167
80
160
115
100
75
85
National
.
.
35
100
100
100
SO
.
Niagara
156H
North River
100
Paciflc
25
25
Park
Peter Cooper
100
100
People's
100
100
100
Relief
100
100
100
Standard
Republic
Rutgers'
H6
70
112
eo
110
70
150
110
170
170
85
M>
120
115
150
115
150
110
65
70
185
110
125
120
5
105
114
S30
120
iss
20
50
50
60
200
115
210
88
70
150
125
116
76
113
100
Stuyvesant
Tradesmen's
United States
Westchester
Williamsburg City..
1=0
135
95
132
100
25
50
100
25
25
25
120
80
105
108
135
121
130
10
|:i5
I210
SO
Oa. and City Railroad Stocks and Bonds.
[Gas (jnotatlons ny ueorge H. Frentlss, Broker, 17 Wall Street.]
Gas Coupakibb.
Amount
Brooklyn Gas Light Co
Citizens' Oas Co (Bklvn) ...
do
boQds
„
Barlem
Jersey City & Hoboken. !..!!!!!.
Manhattan
,
ISetronolltan
do
certillcates
Mntual.N. T
do
bonds
Naaaan. Brooklyn
„do
scrip
New York
'..'.
...
Williamsburg
bonds
. do
Metropolitan, Brooklyn
Uonlclpal
do
bonds
.
1.000,000
37.i,000
1,000
1,000,000
1,000,000
3.000,000
750.000
100
100
.".*.'
MuDlclpa!
'iob
[Quotations
byH.
1
.
Broadway & .Seventh Av.— St'k
I.
*
.1.
100
Central Pk .V. & E. iilv.— Stock
Consolidated mort. bonds
Christopher & Tenth St.— Stock
.(
145
900,000
694.000 J. & J.
2,100.000 Q-J.
Bonds
Dry IJock B.B.& Batt'ry— Stock
1st mortgage, consolidated
Sight li Avenue— Stock
..
1st
Central Cross
1
1,000
1
ux)
1,000
Ferry— St'k
Town— Stock
.
Consoi. convertible
'
100
100
1,000
100
500
100
F.4A
4 J.
Q-F.
J.&D.
Q-J.
J.4J.
203,000
748,000 .M.4N.
236,000 A. 40.
600,000
200,000 M.4N.
250,000
500,000 J.'*'.i'
l,199,.50'l
J.4J
1,000
1,000
150,000 A.<3iO.
1,050,000 M.&N.
OO&c
200,000 .M & s.
100
750.000 H.iN.
1,000
500.000 J. 4 J.
100 2.000.000 <^F.
1,000
.000,000 J.& J.
100
600,000, F.4A.
1.000
•250,000l M.* N.
Blxth Avenue— Stock
1st mortgage
Third Avenue— Stock
1st m< irtgage
Twenty-third Street— Stock. ..
^lat mortgage
• This ooiumn shows last dlrldena on
]'.
OM.OOO
-.250,000 J.
100 I.'iOO.OOO
900,000
100 1,000,000
1,000
'.'.'.'.
,800,000 Q-1.
,200.000 J. 41).
500&C
1,000
Ist mortgage
Houst.West St.* Pav.F'y— St'k
1st mortgage
Second Avenue— Stock
3d mortgage
"*
Extension
100
.
atocka,
Dec.
'TO
53
'8!
I'S
.100
.May,
'81
.)».;.,
'76
03 hi
35
1900
Tan.,
'81
'81
M.&K.
1.500,0001
80
May,
Jan..
M.&N.
50
106
1K5
;78
140
103
65
104
BO
flO
93
40
104
80
60
65
101
101
1S97
101
IHOO &c 70
July, '80 no
A.& O.
Ist mortgage
1,000 1.500,000 J.&D.
Brooklyn City— Stock
10 2,000,000 Q-F.
1st mortgage
1,000
300,000 M.&N
Broadway (Brooklyn)— Stock ..
100
200,000 Q— '
Brooklyn A Hunter's Pt.— St'k
100
400,000 A. 40.
1st mortgage bfnids
1,000
300.000 J.& J.
Bushwick Av. (B'klyn)-Stock.
100
500,000 J.* J.
St.
45
ISDS
105
Feb. '78 75
/an., '*! 145
Ap,,'rl 175
Feb., '81 lb5
Feb.. '81 XIOO
Apr., 'el 61
IH83
10)
M.*N.
L. Geant. Broker,
Bleecker St. & Full Ferry— St'k
100
1st mortgage
1,000
mortgage
«2d St. & Grand
1st mortgage
Aug.,
A.&O
60
65
180
105
163
no
70
...I
Broadway.]
*
I
I
m«
'93
no
Apr
'85 100
net., '80 105
,
Ser)t..'8:i 106
Feb., '81 163
July. '00 110
.May. '81 180
luly. '90 108
Feb ,'81 145
May. '93 105
bat the date ot aiaturlty ot
Biat PeoD. lat mort. ;a, "88
Kl.* W'msport, lat m.,U,'tO. 117
.
.
.
_
.
.
.
.
.
U
PHILADELPHIA.
Warren 4 F. Ist m.7s,'96
West Chester cons. 7s. '91
WeBt Jersey 68. deb.. coup. .'K!
do
Ist m. 6b, op., '96
do
l8tin.7s,'99
6b, 10-15, reg.,l-i77-'8'.i.
8s, 15-25, reg., lR8J-'9'.!.
49, reg., 1894-iaOl,
Philadelphia, 58 reg
do 6B,n.,rg., prior to'95
do 4a, various
do
RAILROAD STOCKS.!
Allegheny Valley
4
Buffalo Pitta.
21)4
pref.
do
Camden &
Atlantic
00
Calawlsaa
Cheaap.
pref
do
pref
do
new pref
do
Delaware 4 Bound Brook....
East Pennsylvania
Eimlra4
do
4
Huntingdon
do
52 14
Lancaster,
Broad Top...
Little Schuylkill
>tlnehlll
52Ji
Neaquehoning Valley
Norrlatown
Norfolk 4 Weatern.pref
com
do
do
North Pennaylvania
Pennsylvania
am
i9H
Philadelphia 4 Brie....
Pnlladelphia 4 Reading
Philadelphia 4 Trenton
Phlla.Wllining.* Baltimore.
28
29%
78
Bt.Paul4 DuluthK.K.Com
do pref.
do
United N. J. Companies
West Chester consoi. pref
Atlantic
CANAL STOCKS.
Chesapeake 4 Delaware
Delaware Division
Lehigh Navigation
Morns
—
Allegheny
do
do
02«
108
toiMii.
Val.. 7 S-lOs. 18W.
12k
.
'94.
1st m.,6s,190'.i.
2d m. 6s. 'do..
3d m. 6s. 'il.
68. coup. '83
do
6a. coup., '89
mort. 6s. '89
do
Cam. Atl. lat in. 7b. g., 1893
do 3(1 m. cur. 7s. 1 p7«. .
do
do
Camden 4Amboy
4
*
67
118
105
104
106
lUM
Burlington Co.
Cftt»wls««
6b,'91.
Iflt.Tn. cnnv.,''n!,
|
la deiauu
68,
68,
4
do 6B,exempt,'J&jM.4B.
do 68,1900, q'- J.
do <s. 1903, J. 4 J
123X
12s
do Ss, 1916, new
126
127
Norfolk water, 8b
RAILBOAD STOCKS. Par.
0hlo
210
213
Balt.4
100
133
do
Ist pref...
do
2d pref...
Wash. Branch. 100
do
Parkerab'g Br. .50
do
Northern Central..
50
5ti
WeBtern Maryland
Central Ohio
50 4i
48
475sl
4
ConnellavIlle..50
BAILBOAD BONDS.
7a.E.ext..l910
Inc. 7b, end.,
Belvldere Uela.
Cam.
defense, .1.4 J...
exempt, 1S87
68, 1890, quarterly..
do
38, quarterly
Baltimore 6b, 1S8I, quarierly.
do 6b,:886, J.4J
do 68, I391.I, quarterly...
do 68, park. 1890. Q.—M.
do 68, 1893. M. S
do
do
Bait.
pref...
4
112
lis
112
Maryland
Plttsourg
..
do
Busquehanna
8S
,
47H
Schuylkill Navigation
110
no
53
69
do pref
Peansyivania
6s, rg.,*St
BALTIinoRK.
27J»
63
4
Dela. Ist
M
pref.
Lehigh Valley
WestJersey
West Jersey
4
Morris, boat loan, reg., 1885.
Pennsylvania 6s,co'.\p., '.910.
Schuylk. Nav.lst m.t)8.rg.,'97
do
m. 6s. reg., 1907
pref..
4
do
....
Delaware Division 6s, cp.,
Lehigh Navlga. m.,68, reg. ,'81 lien
do mort. UR., rg .'9' 117
do m. couv. g., rfg.,*9l
121
do mort. gold. 'y*
12S«
do conB. m.7B, rg.,191
V?Illlamsport
do
Har. P. Mt. Joy
cons. 6«, 1909
W. Jer»ey4 At. 1-tin Ss, cp.
Western Penn. RU. 6s,ci).*9a. 108
110
do
6s P. B..'96
21H
30
CANAL BONDS.
25
Western....
RAILROAD BONDS.
110
SO
July. '94 105
Jan., '81 1<3
ISl
do
Sa.perp
... lUO
Harrlsbnrg lat mor* 6a, *84..
-lurl. 4 Mo., laod^antTs...
U9 H. 4 B. T. lat in. 78, gold, 'W.
do
1st m. 78, f .1. g.'w 121
do
Mebr.M
Ei 118 118
do
do
2d m. 78, gold, '99 112
Nebr. 68
10B« 10M<
do
2d m. f <.icrlpg,,;8
Chicago Burl. 4 Qalncy4s...
100
do
cons. m. 78,19%...
wouu. 4 fasaumpslu, 7s, IDVi.
do
do
•Eastern, Mass., 4^8, new. ... 109^ ijo
5b, n»5...
Ithaca4 Athena lat g d, 1».,'K
Fltchbnrg 1(K., 6a
Junction tst mort. os, '82.
do
78
do
2d mort. 6s. 1900 ...
Fort Scott 4 Gulf 7a
Lehigh Valley. l8t.6s,cp.. 189)1
dartrord 4 Erie 7b
do
do reg.. 1898. 126
K. city Lawri'nce 4 80. 48... no
do 2il m. 78. reg., 1910 187
KaM.Citv.St. Jo.4C. B.;a.
123
do con. ni.. 6B.rg..l9.
Little lilt 4 Ft. 8n-.Ith,7B,lat
do
do
68,< p.,19,'3
New York 4 NewKng.Sii
iO»H
Little Hchoylklil.lBt ui.7s,'c2
do
ts ...
N. O. Pac, Itt in.. 6», 1930 ..
New .Mexico 4 So, Pac. 7s. 118),
North.
Peun.
Ist
103
in.6<,
'^gdensburg 4 Lake Ch. 6^.
cp.,'ll5. loex VMH
102
do
68
2dm.:f,cp., '96.
do
Inc. 05
do gen. m. 7a, cp., 1903.
Old Colony, 78..
do gen. m. 7s, reg., 190^
Old Colony. 68
do new loan fa, reg .. 106
Pueblo 4 Ark. Valley, 78
Ull Creek lat m. 7a, coup..'8i. lOXX
Rutland 88,lBt mort
I*ltt8b. TItU8V.4 B..78,cp.,'9<i
Vermont & MaSB. KK,. 68
do
Scrip ...
Vermont 4 Canada, new 8b.
Ps.4 N.Y.C. 4 RK. 7s;i89«
STOCKS.
do
1900
AtchlBon 4 Topeka
144X
x
PenDaylv.,gen. m.6B,cp..l9!0
Boston 4 Albany
174
do
gen. m. 6a, rg., 1910.
U8
Boston & Lowell
do
cons.ul.6>,rg.,1909.
Boston & Maine
x
do
cons. m. 68. cp., 1905.
Boston 4 Providence
164
O
Co
5)
Cheahlre preferred
lOSH
Penn. Co .68. reg
9.)
Chi". 4 W. Michigan
Cln. Sandusky 4 Clev
33)i Perklomen lat m.6a.coup.,'8.
Pblla.a
110
Erie
3d
m.
78.cp.,'98
Concord
do
cona. mort. 68. 9:^0
Connecticut Ulver
po
do
5b.' 920
Conn. 4 Passmnpalc
85
Phlla. Newfn 4 N.Y.. 1st m.
EaBtern (Mass.)
47H
Phll.4 K. I8t m.68.ex.d-je 19i0
Eastern (New Hampshire)
do
do
ino 121
151
Fltchburg
do
2d m., 78, cp..93, 131
37
Fllnt4Pere Marq
do
m..7a,cp.,
cons.
1911 l'^9>i 130K
99Mi
do
pref
99
31
do
do
ieg.,li)l: 130
182<
130
For: Scott 4 GuK, pref
do cons.m.6«,g.Iuci911 118
do
common. 94X
18H'' 116
do
lmp.m.,64,g„
c.
Iowa Falls 4 Sioux City
x
do gen. m. 6 1, g.. C.ro< 94)<
Little Rock 4 Fort Smith
do ln.m..7B,coap..'896. 88
Manchester 4 Lawrence...
do
d-'b. coup., Kof
0.it
78
Mar. Hough. 4
oup. (off, 1693.
Mar. Uoagh. 4 Oct.. pref... 1-26
do scrip. ISii
146
NahBua4 Lowell
)
00 conv. 7b. r. C, 1893'
New York 4 New England... 7SX 7«<
do
7b. coup, off, '9;^
10»>»
Northern of N. Hampshlrt.x
Phll.4 l!.Coal41r'n deb.7B,»2*
Norwich 4 Worcester
do
deb. 7b, cps.ofl
62X
63
GgdenBb.4 L. Champialn ... 51
do mort., 7b, 189'3-3
do
pref..
Phlla. Wllm. 4 Bait. 68. '84 ..
134
Old Colony
124«i....
Pltt8.Cln.48t. L. 78, cou., 190t.
Portland Saco 4 Portsmoutli 115
do
do
78 reg.,19i'<'
ias
134
Pullman Palace Car
Rich. 4 Danv.con3.1nt.6.i,19 5
32
Rutland, preferred
ShamokIn V.4 Pottsv.Ts, 1901
125
H evere Beach 4 Lynn
17)* 17H Steubenv. 4 Ind. Ist, 6s, 1884.
Tol. Del.4 Bur
Stony Creek Ist m. 78 1907....
Vermont 4 Massactiusetts.
100
"m Suub. Haz. 4 W..l8tm..5».'2<
Worcester A Nashua
do
2dm. 63. .9J8.
SiH 34X
Wisconsin Central
Sunbury
4
Erie
1st m. 78, '97..
pref
QO
Syra.Gen.4 Corn'*,lBt,76,l905
Texas 4 Pac. Ist m ,6b, g..t903 109)i llOK
105
do
K:o Grande D v..
STATE AND CITY BONDS.
109
do
cons. m..6B,g..l9(^
Fenna. 5s, g'd, inl.,reg. or cp.
00
lnc.41.gr.,ts 1915
do 6s. reg., lS8a-1892
UnIon4 TIlusv. ist m. 7b, '90,
do 5a.new.reg.,ie9i-190. USH
United N. J cons. m. 68, '94.
50
Nov.il)64 105
1.0
newTs 1*10
1S7
la. 1900-ltM
119
Chartlera VaL.lBt m.78.C.,190:
Delaware mort.. 68, vartoua
Del. 4 Bound Br., lat. 7s. 1905
Connecting
do
.
Jan.. '81 23« 26
J'iy.lHOO 108
112
Apl.. 'Pi' 12S
132
June."84 103« 106
May. '81 165 170
Nov., '80 102
no
adi., 's: 140
150
Apr., '81 95
100
1888
105
Jan., '81 05
100
Apl., '31 114
120
D«c.l()02 113
116
Feb., '81 90
100
1S08
100
110
May, HI 165
June, '93 114
May, '81 175
Jan.. '81 100
May, '81 185
Apr.,
4 Loweina
6a
uoaton 4 Providence 7a
liostan
Bid. Alk.
lOt, '88
.
Bid.
Var.
125,000 Var.
SO
466,000 F.& A.
50 1,000,000 Quar.
„
f nltoD
313,000
I2IM
do
land grant 7r 122)ii 1S3
do
land mc. Ss.
Boston 4 Maine Is
i27«
i>uslon a Albany 7a
I27t;
do
0s
do
do
do
Apr.. "31 114' 118
Var.
Var.
50 1,830.000 f.4A.
20
730,000 >.* J.
50 4,000,000 I.& J.
100 •,!,500,000 M.&S.
V.r. 1,000,000 M.*8.
100 3,000,000 Quar.
1,000 1 ,000,000 F.& A.
25 1,000,000 Var
Va
700,000 .M.AN.
100 4,000,000 H.&N.
10
1,000
Bonds
Bonds
New York
l.COO
Period
.
People's (Brooklyn)
Central ot
25 2,000,000
20 1,200.000
Catawlaaa. chat, m.,
.
100
Phenix
Star
Sterling
115
no
MO
87W
._
New York Equitable
New Y'ork Fire
New York & Boston.
New York City
210
70
110
145
•locBmn.
A$k.
.
200
d5
107
160
25
SO
50
50
50
SO
Mechanics' (B'klyn)
Mercantile
Merchants'
Montauk (Brooklyn)
Nassau (Brooklyn)
8)
130
100
100
Manhattan
Mecb. A Traders'...
Bid
.
300
70
148
102
WO
I'.'S
jontf
BSOUBITISS,
BOS'I'OIV.
^tch. 4 Tcpeka lat m.7i
.
lib
270
80
75
120
Tr'd'rs
573
.
155
A
.
.
.
25
50
60
100
30
20
40
50
100
25
60
25
Island (B'klyn)
Lorillard
Manufac'rs' & Build
ibd
100
110
100
1
130
70
110
215
MS
100
Hope
Howard
Lenox
100
110
100
'<!25
Home
l>amar
120
165
125
100
100
50
60
25
100
,
170
lis
200
tiO
17
10
Kings County (Bkn.)
Knickerbocker
100
100
Side*
Empire City
]..afayette (Br'klyn).
40
50
...!!'
80
SO
100
40
100
30
60
Importers'
Irving
Jefferson
25
20
50
..
Columbia
('ommerdal
Iloinnan
100
Sixth
State of
yoH
SO
25
SO
Second
Shoe and Leather.
135
Ulobo
Oriental*
Republic
8t. Nicholas
Seventh Ward..
100
(icrmanla
100
100
100
100
100
70
Park
Clinton
Kxcbanffo
Knrragut
Firemen's
Firemen's Trust..
Franklin H Bm|>..
100
Nassau*
New York
New York County..
N. Y. Nat'l ExchVe,
Ninth
..
North America"
North River"
SIjO
(lerman-Amcrlcao
100
50
100
100
25
50
25
100
60
50
100
100
Metropolis*
Metropolitan
Mount Morris*
Murray
124«
iso
.10
Mechanics' A Tr'drs'
Mercantile
Merchants'
Merchants' Exch'^e
17
20
70
Continental
Eagle
153
50
Mcelianics' Assoc'n.
211
lirookiyn
80
50
75
100
100
25
100
Irving
Island City*
Leather Manul'trs".
Manhattan*
Marine
Market
Mechanics'
Itroadway
city
100
.
26
100
100
Fourth
100
Howery
citizens'
230
160
110
St)
Araerlcan Kzchange
85
25
100
100
25
100
25
Drov'rs
Bid. Alk
American
lou
100
100
Bowery
Broadway
..
Lilnt.
Companies.
JIarked thus (•) are
not Xatlona).
.
Qaotatlons in Boston, Philadelphia and Baltimore.
InNnrance Btock
List.
..
.
CHRONlCLfci.
Prices of Banks and Insurance Stocks.
Bank Slock
. ..
.
I t^Mi •hare.
4 Ohio 6a, 1883.A.4U.
1C9
..
N. W. Va. 3d m.,guar.,'85,J4J
1S« PlttBb.4 Conneir8v.'i8,'98,J4J
109«
i2«
Northern Central 68, *85, J4J
do
6a, 1900, A.40.
120
do 68. gld,19IX), J.4J.|ii7K 118)<
Cen. Ohio 68, lat m.,'90,M.4 S.
W. Md.e8.18t m..gr.,'90,J.4J.,
do Ist m.. 1890, J. 4 J...
do 2d m. guar., J. 4 J
I
,
do
2d m., pref.
10«>t
do 2d m.j!r. by W.C0.J4J
do
Mar.
4
68.
3dm.. guar.,
Cln.
7b, '93,
F.
J.
4 J.
4A
do
2d, M.4N
39,Sd,J.4J
do
Union BR. lat, guar., J. 4
124M
. .
9iH
63X
J..
...
.
:
THE ('HRONK'LE.
574
Railroad Earnings.— The latest railroad earnings and the
The state
totals from Jan. 1 to latest dates are eriven below.
ment includes the gross earnings of all railroads from which
The columns under the heading
returns can be obtained.
" Jan. 1 to latest date" furnish the gross earnings from Jan. 1
to, and including, the period mentioned in the second column:
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:
Average amount of
Banks.
Copital,
,
24,907
Chlc.&G.Trk.Wk.end.Mayl4
21,826
502.129
393.323
Chlo.Mil.&St. P.3d wkMay 364,000 265,532 4,848,000 4,014 421
1.454,3611,294,373 4,937,029 4,942.613
Chic. & Northw. .April
Chic.St.P.Min&0.2d WkMay
St.Paul& 8.City.2d wk May
Chic. & W.Mich.. 3d wk Apr.
Cln.Ind.8t.L.& C.April
38.418
26.722
686,915
33,913
26,850
362,110
21,951
14,761
275,272
173,484 168,199
692,935
1 6,299
18.131
341.622
Clii. & BprinKt. ..2d wk May
71.257
69,072 1,408.996
Clev. Col. Cin. & 1 2d wk May
7,506
7,369
Clev. Mt.V. &Del.2d wk May
147,724
44,976 1,805.929
Denver <fe Klo Gr bd wk M».v 122.136
De9JI.&Ft.DodKe.2d wk May
4,654
6,368
108,527
107,267 106,431
265,226
Det. Lans. & No March
18,698
18,478
Dubuque&S.Clty. 2d WkMay
328,521
February.. 192,105
175,345
Eastern
390.748
25,725
East Tenn.V.&G.3d wk May* 29,757
782,718
37,612
25,941
Flint & Pere Mar. 2d wk May
657,719
19.437
17,517
Gal.Har.ife San A. let wk Apr
GraudTrunk.Wk.end.Apr.30 215,296 181,138 3,473.119
Wk.end.May
13
95,158
87,213
Gr't Western.
1,930,773
40,243
44,500
Hamiibal&St. Jo. 2d wk May
709,947
51,189
42,170 1.440,720
Houst. & Texas C.3d wk May
412.030 1.817,913
IlUnoisCeu,(IU.). April
481,708
150.355 123,702
Do
(Iowa). April
443,868
IndlanaBl.&W. .2(1 WkMay 20.996
19,100
426,349
41,220
31,917
146.871
Ind. Dec. & 8p... April
42. 1 96
20,219
Int. & Gt. North 3d wk May
924,963
116,269
89,819
K. C. Ft. S.& Gulf .March
326,994
21.575
Lake Erie & West.3d wk May
18,925
449,834
Louisv. & Nashir.3d wk May 182.400 145,400 3,963,683
14,070
Memp. & Charl...3d wk May 16,000
476,143
4,757
2,990
Memp. Pad. & No.2d wk May
85,643
11,127
Mil.L. Sh.A West. 3d wk May
6,070
75,082
Minn & St. Louis April
38,004
236,081
April
162.027 140,091
Mobile* Ohio
831,415
Nashv. Ch.&St.L. April
1S3.525 155.466
760,244
N. Y. Cent. & Hud M^rch.. .2,668,250 2.854,835 7,366,426
N.Y. L. Erie & W.March
1.847,261 1,644,938 4,716,463
N.Y. &N.Engrd. April
212,869 179.689
788,251
N.Y. Pa. & Ohio.. February.. 389,125 384,980
811,033
Northern Central. April
487,272 386,130 1,708,991
Northern Pacific. 3d WkMay
80.447
49,138
766,290
Oreg'nR.Nav.Co. April
373.800 334,425
975,652
Pad.&Elizabetht.lstwkMay
9.175
6,626
178.729
PennsylTaula
April
3,760,372 3,488.366 13.889.505
PeoriaDec.&Ev. 2d WkMay
13.054
6,964
200,959
Philadel. & Erie. March
285,573 327.678
735,377
Phlla.& Reading. April
1,484,864 1,496,330
St.L.Alt.&T.H. ..3d Wk M.iy
21,404
19,965
562.932
Do
(brclis). 2d WkMay
11,010
13,236
270,414
Bt,L.IronMt.&S.2d WkMay 121,900
91,133 2,602,950
Bt.L. (fe8anFran.3d wk May
72,613
42,209 1,106,343
St.P.Mlnn.&.Man. 3d WkMay
94,200
74.800 1,419,775
Scioto VaUey
3d wkMay
6,168
6,005
117,791
South Carolina. ..March
130,841
94,594
366,796
Texas itPaciUo ..2d WkMay
60,883
34,574 1,240,208
Union Paoitlc .... March
1,657,5701,735,509
Wab.St.L.&Pao. 2d WkMay 234,976 281,729 4,231,336
Wiscons in Cent. ..3 wks Mar.
46,930
63,426
• Including Seluia Rome & Dalton in both years.
515.913
477.097
239.847
694,657
313,132
1,382.042
156,983
.
712,491
93,434
266,547
357,648
377,659
703.477
560,571
. .
591,177
279,692
314,639
2,856,366
425,230
73,830
. .
.
.
.
.
.
177,698
762,603
721,711
7,765,679
4,193.337
677,673
797,343
1,466.809
611.496
863,983
129,837
12.794.679
112.531
797.357
487,755
237.524
,096,008
886,385
,108,700
106,527
332,818
921,793
4,602,211
Sew York
May
"
"
"
"
"
$
$
21...
23...
24...
25...
26...
27...
Total
Coins.
1,543,497 83
2,775,967 14
998,424 79
1,233,701 07
1,364,821 80
9,397,046 22
6,732.226 78|
1,48.).033 59
Qallatln Nation'l
Butchers'&Orov.
Meohanica' & Tr.
300,01X1
200,0IX)
Mechanics'
Union
America
Phoenix.
City
Tradesmen's
Ifulton
Chemical
Merch'nta' Exch.
Oreenwlch
Leather Man'f 'rs
Seventh Ward...
Stateof N.York.
American Excb..
Currency.
$
67.752.312
69,170,091
69,666.788
60.833.585
70,024, ISO
70,613,791
19
81
43
92
94
94
$4 83 ®$4 86
Napoleons
3 82 ® 3 86
X X Reichmarks. 4 72 a 4 76
X Guilders
3 92 ® 3 98
Bnan'hDoabloous.l5 55 alo 75
Mex. Doubloons.. 15 50 ®15 60
Fine silver bars .. 1 12'4» 1 12?i
Flue gold bars
par ® i* prem.
Broadway
Mercantile
Pacific
Republic
Chatham
North America.
Hanover
Irvinff
Citizens'
Nassau
Market
NieholaB
Shoe ji Leather..
St.
Corn Exchange.
Continental
^s
dimes.
—
9912 a'
and
I38.
Five francs
.Mech. BkK. Asa'n
North River
EastKlver
Fourth National.
Central Nat
Second Nation'!.
Ninth National..
First National..
Third National
37
35
73
04
6,39i',259 43
6,393,890 20
-09\-a>
p.ir.
dollars..
uncouimerc'l.
— 93 ® — 89 ® —
S. silver dollars
-
—
99% a
par.
pai-
Bowery National
N.York County..
Qerm'n Amerlc'n
Chase National..
Fifth Avenue...
German Exch.
2&'i,000
..
Germania
C, 8. Nat
800,000
Total
The
Nashville Chattanooga
&
St.
(Upi't
Circula-
other
Ttmiera.
than U.
tUm.
S.
«
2.,<irt«.n!Xi
826.000
0.70.9.000
485,000
3.071.300
4'5S.500
•2.11M.:m,0
TM.IOC
380,000
1,707,000
325.000
417.900
4l".40O
24,000
9,014.900
7.578.200
6.372.000
1,33S30j
2,74S,800
915,000
2,9 13,300
437,700
340,200
4,169.200
;!,127.600
1,S04.10«
1.'>,428.20C
3.933.000
4.488 600
1.708.200
1.035,000
1.004,800
3.530.300
973.900
1.02 4.800
12.543.000
T2.9»6.80C
5.079.100
5.159,400
2.446.500
772,801..
697,800
3S3.400
ISl.OOJ
24.600
583.000
197.700
893,300
4,749.000
6.305.500
890.100
1.301.300
D,W«.50C
8-J.lOO
5.2811.700
2.428.100
3.489.900
3.423.900
1.820,600
2,766.800
8.135.700
8,672,100
17O.000
683.400
208.000
487.000
272.900
12^,000
582.UO0
1.088.200
4.190.803
1.445,700
207,200
34,000
45.40C
64",10t
1.4.36.80(1
449,500
450,000
4,600
780,300
45,000
1,105,200
45,000
4.133.01X1
8a.986.70O
23.017.90C
838.800
971,200
754,000
!9,508,90C
8,833.00C
3,540.00C
3.814.1O0
17.99 l.SOO
1.328.000
280.000
556.800
033.40(;
480.COO
91.600
284,100
810,000
1,183,000
15,000
592,400
450,000
6.S17.901.
260,800
223.200
180,000
1.135.000
1.391.30C
1.395,70t
33',,00C
374.300
78.10(
218.701
0«.80(:
793,460
439,100
2,230,000
265,100
3,900
401,100
2.484,700
7.885,700
1,914.400
870.600
17.30U
144.600
101.000
978,600
499,800
1,125,000
45,000
5,400
3.995.0110
3I7.'J0O
650.o,)0
43d.l0<:
22.60*
900.000
360,000
2,704,900
2,682.700
1.813.80C
69.900
300,000
97.000
201,300
390,100
158.000
'.00
1.620.0LKI
1.184,400
',3,7:'2,000
2,'253,1'0)
lb", 100
21.600
108.
1.558.1O0
1.374.800
2.529.90
4,S2i,90C
1,818,40C
1,301, 501
I,167,40t
2,872,200
12,'274,000
374.0l<0
3.853.700
(i.l47,30C
993,800
2,963.800
951,900
4,088,400
'.44.300
21,100
832.O0O
5.437.700
5,518.000
217.300
407,700
795.700
241.700
174.000
2,700
471,900
35,900
1.025.000
1,078,000
735.70(j
2,1»7,>.00
787,600
2 8 '.1.300
34B.400
492.700
7.849.000
2.y75.C0C
5.072,800
18,175,500
1.993.000
1.4113.100
14.'287.DO0
3.732.'200
286.500
813,900
177,300
1.347.200
S3:!.BO0
987, IOC
'.9.9r8.50C
3.772.001
11,635.800
4,413,600
4.435.000
363.100
249.400
509.000
300,500
707,000
178,200
8.854.500
2.930,700
2.056.800
3,638.000
3,998,30S
6,746,400
2.009.000
3.555.000
20.457,700
18,660.200
1.023,400
1,100
287,000
7..835.S01
11. 101.701
130.300
136,200
248.700
350,300
154,700
66.800
169.000
181.600
1B4.60C
51.700
137.500
675.000
673.900
801.800
381.200
694.300
s.isa.ioc
1.366,500
2,703.100
S.265.800
2,841.000
14.624.000
4,475.80<
l.'<7.000
8..501.400
91,8L0
4 448.50(
29.801,
1.9'29 6l)(
91,901
1,422,3«
163,30
84,700
2,381,400
1.319,80(
433.700
807518,500 17,873,0.K, 328,611,700 19.133,300
deriations from returns of previous
Inc. »8.4B1.900
Inc. 3.63O.80O
Inc.
73S.tfOC
Specie
Lenal tenders
The
*
0.962.000
7911)7110
7,002.»00
7.179.000
4.570.000
9.003,000
3.863.000
lu.020.400
«0.875.20fJ ?24, 192,8'):
Loans and discounts
I
week are as follows
Net deposits
i
Inc.
Inc.
Clroulatlor
:
119,793.30''
538,400
i
foUo'^ving are the totals of the New York City Clearing
for a series of weeks past:
House Banks' returns
Loans.
Specie.
L. Tenders. Deposits. CireuJation. Agg. Clear*
1880.
t
*
Dec. 18.. .893,378.600 55.677,800 13.318.400 807.629.900 18.474,400 074,074.998
• 84. .'292.417,900 67,086,000 13.Sio,900 267,06S,0)0 18,431,400 804,522,749
" 31
.297,758,700 58,047,900 12,796,600 272,466,900 18,408,200 817,931,113
8.. .804,080,200
15.. .302.864.300
.307,839,800
89.....310.082.200
Feb. 5. ...816.092.900
18. ...317,139.100
19.. .320.807.300
86....3ie.5S4.400
Mar. 5.... 898.183.400
" 12. ...896.252.900
"
19.... 300, 1 77,300
" 28. .!«)0,628,000
April 8 ...300.2a-<,100
.
.
61,948,900
85.162,500
86.484.100
66.2i«.I00'
67.603,700
87.8D0,(a)0
ft3.849.rt00
58,074.200
54,894,100
55..S6>(.000
59,532.i'00
57,1)68,900
.
57.611,000
60.129.600
9.... .305.844.400
18. ...306.383.400
82.'-19.30O
Louis Railroad
over par. This shows the 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.
Messrs. Kuhn, Loeb & Co. announce the closing of subscriptions to the St. Paul bonds, the amount subscribed, both here
and in Europe, being largely in ejcess of the |5,000,000 offered.
13.817,400
15,630.100
16.395.600
17.8S7.MOJ
15,9.7,500
15,546,000
14.887.200
15.048,000
13,289,200
12.466.600
la.241.200
12,934.500
12,710,500
12.472.700
13,428.800
885,787,700
292.376,800
89m.931,900
302.512.300
„3
17,097>00
307,924, 00
307.718.100
296,5 17,:«0
274,442.600
871.66^.800
277.931.600
873.386.500
273,495,400
282.78S.5(X)
28-<,821,100
23. ...305,717,600
30.... 304,435,200
86.804,200 14,418,,i00 892.633.000
69.289,400 15,784.700 294.538,300
7. . .310,>-30,000 73,346,500 16,024,600 S03,033,ft0e
14.,.. 317,780,900 76,8.87.700 17.131.100 316,818.4110
21.... 824,192,800 80,518,500 17,873,000 336,611.700
.
—
Boston Banks. The following are the
banks for a series of weeks past
15-?.4!«),O00
130,723,800
149,351,400
146,629,900
145,529,000
146,111,000
147,531,200
•
28..
Mar.
7..
14..
"
81..
28..
•
"
Apr. 4
••
.
14«,'289,900
11..
18..
25..
••
"
Miy
••
146,129,200
146,037,100
147,667.400
149.674.900
150.a36.500
130,184,100
2..
9..
16..
23..
18,436,800 1179,878,986
18.425,000 1179,899.303
13,345,5001224,948,188
18.330,700 935,459,473
If, 383 300 1042.395,915
18,3.'>2,300 947.818.074
l,-i.23M.500 1! 03.462,835
16.181.6lX)1143.978.C45
15.448.500 1241,050,579
15.466.100 ;020.907.9B5
15.771. lOO 812.303.681
16.630.500 774.684.705
16,713,500 950,448,299
16.709.000 815.034.482
16,880,200 724.1VJ,359
17.217.400 978.283.388
18,600,100 879,882,835
18,664.200
1144,478,780
'
"' "
18.5M6.900 078.352.065
19.135.300 12I2.817.6o2
:
totals of the
Boston
Deposits.* Circulation. Agg. Clear.
Specie.
L. Tenters.
*
7,287,700
2,.'>49,400
6,907,900
2,496,300
6.171.000
2,467,400
8.335.400
2,470,700
5,760,100
8,532,300
5,842,300
2,793,700
S,»48,20O
2,870,0<K)
5,607,100
2,4'8,300
6,0,84,800
2,434.400
6,592,000
2.709,100
8,843,200
3.027,700
6,744,400
3.117,300
6,813,400
3.059.100
6,678,700
8,938,200
(
1881.
Feb. 21..
"
Company second mortgage bonds; bids for which were opened
at the Louisville & Nashville RR. Company's offices by James D.
Porter, were awarded to Messrs. A. Iselin & Co. at a fraction
—
.
N. Y. Nat. Exch..
"
—The $1,000,000
Tr..
Park
$
7,263,626
6.635.000
6,703,159
6.666,173
95
90
86 ® — 89
English silver
4 72 a 4 80
Prus. silv. thalers. — 68 ® - 69
U. S. trade dollars — 99'4» - 995s
Mexican
U.
&
Importers'
LorDls.
Silver '43
Do
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
450.000
412,500
700,000
1,000,000
500,000
3,000.000
600,000
1.000,000
500.000
500.000
500.000
1,000,000
l.OOU.OdO
800.000
400.000
1,500.000
2,000,000
500,000
240,000
260,000
3,200,000
2,000,000
300.000
750,000
600,000
1.000.000
300,000
250.000
200,000
750,000
300,000
100,000
Commerce
"
—The following are quotations in gold for various coins:
Sovereigns
Dimes &
97
54
59
99
66
03
870.421
1,966,813
935,777
868,613
1,309,719
780,880
Specie.
1881.
Balances.
Coin.
2,050.(X)0
2.000,000
2,000,000
1.200.000
3,000.000
1,000,000
1,000,000
1,000,000
800.000
300.000
1,000,000
1,000,000
Ian.
U. S. Sub-Treasnry.— The following table shows the receipts
and payments at the Sub-Treasury in this city, aa well as the
balances in the same, for each day of the past week:
Payments.
8.000.000
Manhattan Co...
Merchants
82
lUeeipts.
Net
Loans and
dlscowUt.
Metropolitan
3,257,331
1,732.591
854.841
1,215,552
1,826,822
530.357
418,072
=1
—
New York
—
-Latest earnings reported
^Jan. 1 to latest date.—
1881.
1830.
1881.
1880,
!ti5S.293
$45,344 $240,580 $199,801
AlB.Gt.Sontliem. April
173,000 143,100
Atl,Ml88.& Ohio. April
687,200
637,343
23.066
23,023
63.321
65,171
Bost.A N.Y.Air-I..Marcli
36,699
Bur.C.Rap.cSENo..2d wlcMay
30,628
698,269
741.443
6.717
7,380
151,743
Cairo & St. Louls.2d wk May
126,183
1,874.000 1,356.716 6,574,125 5,001,235
Central Paclflo. ..April
April
227,343 221,560
802,753
Ches. AOhlo
843.333
CliicaKO& Altou .2d wkMay 126,236 131,803 2.279.431 2.473,817
1,418,149 1,732.518 3,760,918 4.577,128
Cliic. Burl. &Q... March
22,970
26,960
Chic. & East. 111. .2d wk May
549,904
384.138
WeekorMo.
XXXD.
[Vol.
97,219,100
93.092.400
87,808,400
85,772,500
85.066,900
85,468,100
83,828,900
86,959,800
88,689,300
90,124,300
91,451.900
95.954.900
96.91 1. 71K)
98,613,900
30,785,70*
30.210.200
29.813.900
89.831.900
2U.8;5,1IOO
83,747,52i
71,9.80,430
83,849,374
70,117,775
89,834.123
68.840.822
29.975.500
30,135,800
30,282,700
30,464,400
30,624,500
70,483,781
79,105.341
77.568.234
30,62-,!.000
80.149.21>7
30,790,800
95,227,624
83,403.247
92,454,596
S0,93«,9I10
30,997,100
69,096,'257
Including the item " due to other banks,"
•
Philadelphia Banks. -The
totals of the Philadelphia
banks
»re as follows;
L. Tenders.
t
Deposits.
Circulation.
f
Agg. Clear.
73,355,81')
20,4a!',987
67,aSI,5''7
12.'"«).711
51.V50.010
18,1S3,U'8
18,673,724
65,8
10.3;i4 830
9.,^76.77l!
51.72l.h»'6
21
73,701,918
71,001,651
70,663,787
70,563.874
83
4
70.260.fHJ3
17..573,378
Lo.ins.
1881.
Feb. 81..
••
Mar.
Apr,
"
'•
May
•
"
*
.
28....
7....
70.176.'2fi5
17.179.4111
17.638.697
17..W0.152
11
18
83
2
71.181.796
72.805.791
73.485,827
18.885.372
18.914,806
19.284.088
74,-233,491
19.(108.523
9
IB
23
76,109,008
74,801.5T5
71,512,679
18.900,813
19,434,146
21,210,584
.2..«6S
61.'.40.924
61.732.1'81
9.951.033
0.096.283
10,006.700
10.105.592
59.661.478
48.030.201
47.595.115
61.900.176
61.17(.411
62.458.350
63.771.480
10.115,12.')
48.057..S37
87.6.")9,3a0
10.131.981
44 097.129
10,123,5.36
54.S60.87l
46.155.IM3
56.075.475
51.582.62,
66,183,88g
67.301.928
68,373.885
6-,027.3(rf)
68.809.105
70,197,536
10.264.808
10,473.543
10.334.185
10,219,080
45.'239.30a
53.340.45«
i
May
THE (CHRONICLE.
28, 1881.]
art AND CORPORATION
o7o
year, and the obligations of each to the other have been complied with in every particular, with advantage to the companiea
concerned, and also to our patrons, the public.
" The managers of your property for several yean past have
been strongly of the opmlon that the China line was not a
source of strength, but that the money invested in that service
Juujestmcuts
STATE,
;
.
:
FINANCES.
would be more remunerative if employed to develope the trade
of the Pacific coast from Han Francisco to Valparaiso. Negotiations have been pending for several years for tlie transfer of
the two China ships to the Union and Central Pacific railroad
Saturday of evert/ other month— viz., PSruary, April, June, companies, but up to
this time we have not been able to agree
August, October and December, and is furnished loithout extra upon the terms.
charge to all regular subscribers of the Chrosiclb. Single copies
" During the year the Supreme Court of the United States
are sold at $2 per copy.
rendered a decision awarding $291,660 to the company for mail
service to China, under the contract of August 23, 1873, which
INDEX SINCE APRIL SUPPLEMENT.
was 60 summarily and unjustly terminated by Congrouo, Feb-
The Investoes' Supplement contains a complete exhibit of the
Funded
of Stales and Cities and of thi Stocks and Bonds
It ii publisftei on the last
of Railroads and otiier Companies.
DM
The following is an index to all reiKJrts and ".toms lieretofore piililished ia the rnvestmont Doi)E,-"tineiit of the Chronicle siuoe tlio last
Issue of tlio Investors' SUi-fLEMENT; aaniml reports are indexed lu
black-faced type
Alabama Great Southern
499 Lake Shore A. Mich. So. ..478, 497
498
525 Little Miami
Allesbeny Valley
501 Little Rock & Fort Smith
467
Alliance •& Lake £rie
526
lX)UK Ismnd RR
Boston Iloosac Tunnel A W... 500 Ix)uGilana State
408
Boston Water I'ower Co
499 Loulsv. New Albany & Chic. 528
520
nacon <b Brunswick
552
5t.l
Manhattan Elevated
468, 552
551
& St. Louis
500
Cairo <fc Vlncennes
500
Central Iowa
451. 4fiS
Central of New Jersey
Charlotte CoUnnbiai Auj?u8ta.467
CUartiers Kaihvay
498
500
CUeraw & Salisbury
Cairo
C'liesapeake & Ohio
Chic. Burl. & Qulncy
Chic. &Eaetern Illinois
Cliic. Mil.
&
St.
Chicago Pekiu
P
&
South w
544
541, 544
500
456,
466
5'2<)
Chic. R. I. & Pac
Chic. St. P. M. & Omaha.. 500,
Cincinnati City Bonds
526.
Cin. Ham. & D.ayton
Cin. lud. St. L. & Chic
&
551
552
52(!
552
552
Mii8kiu«imi Valley
498
Richmond Si, Fort Wayne. 499
Cinciuuati Southern
500, 552
Cin.
Clu.
. .
468, 531
Brooklyn Elevated
Brooklyn tfc Muntuuk
Brunswick & Albany
Cin. Wabash & Michisau
525
526, 552
Clev. Col. Ciu. & lud
Columbus Chic. & Ind. Cent. 498
.
Dayton & Soutbeastem
Delaware & Hudson Canal
Delaware State Loan
Denver & Bio Grande
.
—
500,
52fi
526
500
550
552
Bast Tenn. Va. & Ga
Elizauetbtown liex. & Big S m. 541
500
Eyausv. &Terre Haute.
Marietta
&
526
Cincinnati
Marq. Houghton & Ontonagon 552
Memphis & Charleston... 526, 552
468, 552
.Metropolitim Elevated
-Michigan Central
.Midland of New Jersey
.Minneapolis & St. Louis
497, 511
552
500
Mo. Kan. & Texas... 469. 526, 552
Missouri Pacillc.46U, 488. 526, 553
IVash V. Chat. & St. L
553
500
New Castle & Frauklm
New Orleans Pacific
469
500
N. Y. City & Northern
N. Y. & Brooklyn Elevated.... 527
553
N. Y. Chic. & St. Loms
New York Elevated
468, 552
N. Y. Lake Eric & West
553
553
501, 527
527
527
Oregon & California
lireg. Railway & Nav. Co. .501, 553
469
Panama Railroad
Petersburg RB
501
Pennsylvania RR
469, 501
NortUeru Pacific
Norfolk* Western
North River
ruary 23, 1875."
The
gross earnings, expenses and net earnings the past fiscal
year compared as follows with 1879-80:
EARNINGS.
1879-80.
..
$600,915
$745,344
Panama Line
,.
l,53i,677
1,950,307
80,887
Victoria Line
Trans-Pacilio Line
Australian Line
Austrai'u & N. Zeal'd subsidlea.
Cent. Am. <& Mexican subsidies.
British Coluiubia subsidy
Miscellaneous.
Exchange
Total
$3,960,882
EXPENSES.
1879-80.
$474,598
1,127,800
273,591
Atlantlo Lino
Panama
Line
Victoria Line
,
Trans-Paciflo Line
Australian Line
Agencies
368.570
376,669
333,853
.^
Extra
repairs
ships laid to
Interest
526 St Louis Alton &Terre Haute.4 67
526
St. Louis Iron -Mt. &So
."500
Galv. H. * Heiiil
<fe Western
527
QeorgiaRR. & BankV Cc. 526, 551 St. Joseph
Paul & Uuluth
469
467 St.
Grand Trunk (Canada
Slienandoah
V'ailey
469
467 South Carolina RR
Great Western (Canada)
544
4«8 Texas & Pacific
Houston & Texas Cent
469, 526
Texas
<fe St. Louis
544
Indianap. Dcoatnr&Springf.. 500
468 Wab. St. L. & Pac
Indiana Bloom. A West
454
527. 544
International & Great No. 46!>, 526 Western Union Tel
Tne. or dte.
Inc. $144,429
'no. 418,830
Doc. 121,089
973,472 Inc.
42,815
307,073 Dec. 14,143
203..550 Inc.
27,139
99,416 Doc. 18.9.50
4,222 DW!. 33.77»J
3,50O
3,000. Doc.
433
12,'597
I no.
18.22S
4,050
1)00.
10,86i>
Inc.
1,447
$l,402,«17
Ino.$l32,765
18^0-81.
Tne. or dee.
$456,416 Dec. $18,182
1,.542
1,126,258 Doc.
82,588 Doc. 191,003
538,288 Doo. 30,283
340,441 Deo. 36,228
25,014
358,867 Iiio.
and expenses
30,018
133,327
201,365
Miscellaneous
32,524 Inc.
93,289 Deo.
144,033 Doc.
2,476
40.033
57,333
Total
$3,519,821 $3,172,705 Deo.$347,llG
1,229,942' Inc. 779,881
Netearnings
450,061
The following were the proportionate earnings of the several
lines from freight and passengers:
Paseenpers.
.
Freight Rates
201,978
930,65/
321,215
176,411
118,366
38,0C0
6,500
12,461
29,094
2,605
Hawaiian Government 8ut)sidy.
Interest and divs. on Investm'ts
Lines.
& Readmg. .469,
Atlantic
488, 527, 539 Panama
Pittsburg Cin. & St. Louis
498 Trans-Paciflc
Pittsb. Wheeling & Kentucky. 498
Australian
Kichmond & Danville. ...469, 488 Victoria
Richmond & Newcastle
553
Rochester & Pittsburg
544
Total
Philadelphia
1880-81.
Atlantlo Line
Freight.
Tolnl.
$745,344
$128,672
379,030
380,151
197,084
31,657
$616,071
1,571,477
593,320
109,989
4<»,229
1,950,507
973,473
307,073
80,887
$1,116,596
$2,940,688
$4,057,285
Following is a statement of the financial condition of the
company on April 30, 1880 and 1881:
CONSTRUCTION ACCOUNT.
)
ANNUAL _REPORTS.
April 30. 1880. April 30, 1881.
$10,288,386
$10,729,763
1,077,912
1 103 ,421
Cost of ste.imers
Real estate .and improvements
Coal supplies, &c
,
Sundry assets
Profit and loss
Total
Capital stock
.
.
424,522
513,689
9,661,407
479,807
928,450
8,545,660
$22,110,711
$21,761,598
20,000,000
ar'.ooo.ooj
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
war between 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 matter that although chartering one vessel at the rate of f 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 dififerent lines should an accident have
occurred. At the same time the size and condition of the
Crescent City rendered it necessary that another vessel be at
once provided for the service between New York and Aspinwall.
Fortunately for 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.
Sort charges, etc., and the Pacific Mail Steamship Company
ave 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
lines on the Mexican and Central .\merican 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 seivice,
which has not been the case for the la.st two years.
" Our relations with the Panama and overland railroads have
been maintained upon the most friendly terms during the last
payable
San Frauclsco— Unpaid
Bills
bills
New York— Unpaid bills
Panama KB. Co.— Loan
Loan, £200,000
Balanc* demand note.
Traffic iiccount
UncLiimed dividends
Coal freights
JobnPiric&Co
Accrued
(coal)
in tevest
:
Agents' bal.^nces
Due connecting steamship companies
Passage credits and orders
Panama drafts
Suspen.se
Total.
$85,281
39,329
77,602
400,000
1,000,000
220,000
102,264
1,404
51,079
19,477
13.431
57,988
3.804
8.980
30,190
$
19,457
48.956
400,000
1,000,000
90,847
77,301
1,404
2,244
5,003
76,516
16,319
18,625
745
757
4,176
..«!22, 110,711
$21,761,598
Flint & Pere Marquette Railroad.
{For the year ending December 31, 1880.)
At the annual meeting of stockholders of
this
company, held
at East Saginaw, Mich., May 18, the following board of directors
were elected ; Jesse Hoyt. Now York ; Alfred M. Hoyt, New
York ; C. D. Wood, New York ; W. W. Crape, New IJedford
Loum Snow,
Jr.,
New Bedford W. Hathaway, New Bedford
;
;
H. C. Potter, East Saginaw ; H. C. Potter, Jr., East Saginaw ; A.
G. 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 18th 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 a-ssociates,
were filed with the Secretary of State, at Lansing, on the 31st
day of August, 1880, for the purpose of organizing a corporation under the general railroad laws of Michigan.
.'
:
,
THE (MRONICLE.
676
[Vol. XXXIl.
$300,000) and overdue coupons and Receiver's notes, &c. The
balance of the bonds not so appropriated to be used " for such
extensions of the road and improvements of the property, including the construction of the Manistee Railroad, the extension of the Saginaw & Clare County Railroad, and the purchase
of the Saginaw & Mount Pleasant Railroad, as may, in the
judgment of the directors, be deemed expedient from time to
time." 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
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
dividends of 7 per cent, or semi-annual or quarterly dividends equiva- the balance sheets of the company's ledger. The certificates
lent thereto. In case on any dividend day the net income as aforesaid
" provisional," and entitling the holders to certifishall not be sufficient to pay 7 per cent annual dividend to the holders of issued being
said preferred stock, such holders of preferred stock shall have no right cates of shares of common stock, when the conditions limiting
to have the dividends made up out of subsequent earnings it being the such issue have been complied with, it has been deemed proper
intention that there shall be no aceunmlation of claims against the company for ilividends for such preferred stock." • • » " When Ave eon- to defer introduction of common stock into the books of the
seoutive anuual dividends of 7 per cent, or in lieu thereof semi-annual present company, until such time as these provisional certifior quarterly dividends equivalent thereto, shall have been paid upon the cates can be called in and exchanged for certificates of shares.
preferred stock, then the common stock shall be issued and delivered to
LAND DEPARTMENT.
parties who may hold the certificates issued upon the surrender of the
The report of the Land Commissioner states that during the
common stock of tlie old Flint & Pere Marquette Kailway Company, or
may
be
issued
by
this
certitlcates
which
company
in
lieu
thereof
other
year 1880 there were sold 33,212 acres of land, at an average price
and if there shall be any surplus of common stock, it shall be the proj)- of $16 90, amounting to $561,372. In addition thereto, sales of
erty of the company hereby organized." • • • " Should the net income be
greater than sulHcient to pay a dividend of 7 per cent upon the whole timber have been made, retaining the fee, to the amount of
amount of stock, both prefei-red and common, such surplus shall be $22,869, and lots to the amount of $877, making the aggregate
divided ratnbly among the holders of the prererred and common stock. sales $585,118.
Should th< ne income of the company, after the common stock shall
Land sales of 1880 compared with sales of previous years as
have beoi l88 c d, be insufticient to pay the dividends hereinbefore proTided for in any single year, such deflciency shall not be made up out of follows
the earnings of the subsequent year or years, and this shall apply both
Averagt
Acres.
per Acre,
Animtnt.
to preferred and common stock."
Sales during the year 1876. 7,53810
$10 11
$76,210 48
At the close of September, 1880, the Receiver, under the
"
"
1877. 8,508-40
11 28
95,984 91
direction of the Court, transferred the possession of the prop"
"
1878. 9,924-43
13 68
135,805 84
"
"
1879. 38.642-63
19 23
743,083 70
erty into the hands of the present company, and afterwards
"
"
1880.
33,21205
16
90
561,372
58
said Receiver made his final report to ine Court, and was on
There were on hand Deo. 31, 1880, of unsold lands, 159,355
the 10th day of February, 1881, finally discharged as receiver.
The road in operation on the .Slst of December, 1880, was 317 acres, and land notes of $366,129.
miles, of which 200 miles were of steel rails.
Carolina Central.
Operations and earnings for four years past were as follows
{For the year ending March 31, 1881.)
1877.
1878.
1880.
1879.
The annual report has been promptly issued, and states that
280
Miles operated
280
307
317
the Carolina Central Railway was sold under decree of foreOPBKATIONS AND FISCAL BE8CLTS.
closure on the 31st of May, 1880, and was bought in by agreeOperations—
1877.
1878.
1979.
1880.
4S9,579
Passengers carried...
540,556
552,753
712,209 ment for account of the bondholders of that company. The
Passenger mileage... 14,143,710 15,900,355 16,838,338 20,950,290 report includes the months of April and May, 1880, while the
2-71 cts.
Bate ^ pass. ^ mile .
2 08 cts.
269 cts.
269 cts. road was in the hands of the Receivers, it being deemed unnecesFreight (tons) moved
347,664
408,053
495,817
868,816
Freight
" mileage 27,143,939 34,691.470 42,044,433 68,413,684 sary to make separate statements for these months
Av. rate ^ ton ^ mile
203 et».
172 ets.
1-55 ets.
1-45 cts.
COMPARATIVE EARNINGS AND EXPENSES.
The capital stock of the corporation thas organized and the
rights of the holders thereof were named and defined by the
fourth clause of the articles of association, which stated that
the preferred stock should be $6,500,000 and the common,
13,500,000.
" The holders of said preferred stock shall be entitled to receive from
the earDlugs of said railroad coiiiijaiiy hereby organized, dividends to
the amount of 7 per cent per auuuni, payable semi-annually or annually,
as 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 sutticlent 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
stock, the same shall stand undivided until the next dividend
S referred
ay, and so from time to time, and from year to year, until such time as
the holders of said preferred stock shall receive five consecutive annual
;
:
:
Earnings—
f
Passenger
Freight
Mail, express,
&c
$
386,003
552,838
33.843
431,078
592,874
32,065
972,684
600,830
1,056.017
667,231
Total gross earnings.
Total op'ng expenses
S
452,007
653,636
45,558
$
565,288
994,369
39,967
1,151,201
1,599,624
1,143,937
745,912
Net earnings
371,854
388,786
405,289
CONDENSED GENERAL BALANCE SHEET, DEC. 31, 1880.
Eoad-bed and equipment
$9
Income account (Oct. 1 to Dec. 31, 1880j
'.
Btockln Manistee ER
"
Mateiial on hand
'."'.'.['.'.'.
Fuel on hand
'.
li. C. Stuns, Assistant Treasurer
Uncollected earnings
Bailroad companies and iudividuais
W. L. Webber, Trustee
Receivershij) balances
671,958
233,438
2,000
146,425
33,014
131,147
45,450
15,.508
'.'.
22,791
9,458
$10,311,193
$6 304 800
I'ooo'oOO
Preferred stock
Holly Wayne & Monroe RE. bonds
Bay City & East Saginaw EE. bonds
100000
Bay County bonds
Flint & Holly lease bonds
75*000
'
"
First mortgage land grant (8 per cent) bonds
Flint & Pere Marquette EE. RR. 6 per cent bonds of 1920.
Fractional cerlitlcates (account 6 per cent bonds of 1920)
Coupon account
(not due)
Eoceiver's certificates of indebtedness
Vouchers audited
Bailroad companies and individuals
Treasurer State of Michigan
W. L. Webber, Commissioner
455,687
...
,
Orosa earnings.
From—
Passengers
Freight
Mails
Express
Miscellaoeous
Total earnings
Operating expenses.
Operating road
Maintenance of road
Maintenance of equipment
General expenses
Total expenses
704 'oOO
188' 000
158
$9,671,958
55,760
359,500
102,315
14,973
31,950
14,735
$10,311,193
in the funded debt of the old
In addition to the change made
company by the foreclosure of the
was still further reduced between
$564,028
$466,519
$121,328
129,446
32,361
30,057
$96,732
112,398
28,099
40,019
$313,192
$277,249
:
For
For
For
For
the year coding March
the year ending March
the year ending March
the year ending March
1878
31, 1879
31, 1880
31, 1881
31,
Meceipls.
Expcnset.
$408,483
420,765
$270,607
250,806
277,249
313,192
466,£,19
564,028
$1,859,796
Total net earnings In lour years
Income account 1880-81.
Net earnings from operating road
Taxes
Interest on Wilmington Railway Bridge bonds
Interest on first mortgage bonds
$1,117,856
$741,938
$250,835
$10,468
13,790
54,000—78,258
Balance
From which
$172,577
expenditures have been
made
as follows
:
Foreclosure expenses
$39,398
5.599
55,687
Filling trestles
ExtraoriUnary repairs road
Extraordinary repairs equipment
consolidated mortgage, it
Jan. 1, 1879, and Dec. 31,
1880, by the application of land funds in redemption, as follows:
First mortgage laud grant 7 per cent bonds
" $9 ooo
First mortgage land grant 8 per cent bonds
293'oo0
Flint «fe Holly lease bonds
75^500
Construction
$377,500
prior bonds remaining on 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
maturity of the bonds is May 1, 1888. The 8 per
1"
I^^
cent1 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 by 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 b.oard 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
Due by agents
Due by U. S. P.
The
1879-80.
$59,209
388,506
11,574
3,342
3,886
250,835
$189,270
Net earnings from operating road
The comparative statement of receipts and operating expenses
for the past four years is as follows
800000
1
1880-81.
$70,844
474,534
12,442
4,075
2,132
Equipment
5,898
18,724
33,643
i..
$119,551
Leaving surplus
$13,626
BALANCE SHEET OF OCERBNT ACCOUNTS UABCR 31, 1881.
.'
O.
$21,786
Department
3,251
hand
Wilmington Railway Bridge bonds
Cash on hand
Supplies on
.54,159
6,000
113,508
$198,706
JAabiUties.
March, 1881, bills unpaid
Biilancedue other compaules
Sundry open accounts
Balance Receivers* account
$42,885
28,892
236
5,159—77,173
$121,532
Balance profit and loss
" The reorganization of the company took place at Weldon
on the 14th of July, 1880, when the present board of directors
—
:
Mat
There was very
officers of the company were elected.
considerable delay in carrying oat the plan of reorjcanization,
as it was found necessary to have a special act of the Legislature to get authority for placing mortgages on the road and
issuing bonds. This authority was obtamed by special act in
January, which act also made the reorganhation valid. The
first and second mortgage bonds have been issued, and the third
mortgage bonds are now ready, and as soon as the mortgage is
recorded they can be issued." * * •
The first mortgage is for $2,000,000 ; the second mortgage
(income) for $1,500,000 ; the third mortgage income for $1,500,000 and the stocli for $1,500,000.
" The committee of reorganization, in whose hands the stock
was placed for five years, from November, 1879, were Messrs.
F. 0. French, J. S. Whedbee, A. B. Graves, A. V. Stout and D.
R. Murchison, to whom the twelve hundred shares of stock
have been issued. It will be ri^adily seen that under any
circumstances the first mortgage bonds are absolutely safe as
an investment, as the interest could be earned under any management and the road would at any time sell for very much
more than the amount of this mortgage. The second and third
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 taith of the management.
To protect these securities until the road was placed in good
condition it was thought advisable to place the stock in che
hands of the reorganization committee as above stated." * * *
" The Atlanta & Charlotte Air Line has lately passed into
the hands of the Richmond & Danville Company by lease.
Should the policy of this company be to cut us off from business on that road, it will be necessary for this company to
;
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
its line
time."
Morris <& Essex.
{For the year ending Bee. 31, 1880.)
The following statements are from the report made to the
New Jersey.
capital account is as follows
State Comptroller of
The
:
THE CHRONICLE.
28, 1881.J
and
extend
—
:
$16,000,000
20,123,000
Stock
Bonds
Total
Cost of road
$35,123,000
$22,087,319
12,623,545
Equipment
Knoxville Railroad. This, it is stated, with the money on Iiand,
will finish the road to Greenwood, where it will connect with
the Greenville & Columbia road.
Chicai^o Rock Island & Pacific—The following Hnrnmary
of earnings and disbursements for the year ending March'81,
1881, Ls published in advance of tbe annual report
Gross receipts of railway
Laud Ucpurtiuon^
Balance, sundry assets andaccounts
of $275,556 in cost of property.
The earnings were as follows
1880
$11,960,907
490,000
Cuali receipts of
Total gross receipts
$12,446,007
6,630,155
Opeiatiugexpcii»c»,lncludlng taxoa
Notcurnlngs for year
charges for Interest on bonds, 6 per cent.
& H. W. bonds
Uf-ntiilof K. &.D. M. K')aa
licntal on V. & B. V. R'jiid
Kental IXau. 4 St. Joseph, Cumorou Branch
l-'lxi!(l
$5,816,752
.
Interest ou C.
Available for dividends (nqual to
lO'^s
percent on
.$(100,000
3.50.000
l:j.-),-,oo
I'i.i.OOO
37,500— 1,260,000
stock.).
$4,560,752
..
Chicagro St. Paul Minneapolis & Omaha.—This company
places on the New York Stock Exchange list an additional
amount of its consolidated mortgage bonds. In 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 beingrequired for improvement of the .said railroad— purchase of
steel rails, locomotives, new passenj^er and baggage cars,
freight cars, new traii-sfer boat, iron bridges, 35 miles additional
side tracks, 16 new depots, new machine shops at St. Paul, additional engine houses, additional real estate, &c. For the
purchase of the bonds of the Menominee Railway Company,
4^ miles, $67,000, the bonds of the Ban Clair Railway Company, 3 miles, $45,000, and the bonds of the Black River Railway Company, 16 miles, |240,000.
Cleveland Canton Coshocton & StraiLsrille.— At a meeting in Cleveland of stockholders of this railroad, recently purchased in the interest of the Connotton Valley road, it was decided 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 thirtydays, and will be pushed along as rapidly as men can do it. It
was also agreed to extend the line south from Cosho«ton into
the Hocking Valley coal fields.
Connecticut Western.— In Hartford, Conn.,
34,710,864
There was no change in stock or bonds in 1880,
577
May
25, the first
mortgage bondholders of this railroad met for reorganization
$412,135 under the recent act of the Legislature. A resolution accepting
but an increase the act of the Legislature, and reorganizing under the title of
the " Hartford & Connecticut Western Railroad Company," was
adopted by a large vote— 18,635 yeas, representing $1,863,506 of
bonds, and 90 nays, representing only $9,000. A meeting fop
1879
the organization of the new company will shortly be held, prior
which books will be opened for subscriptions to stock in exchange for bonds.
Total
$3,515,099
Dayton & Sontheastern. This narrow-guage railroad has
$3,823,652
Bxpenses
1,955.743 been released from the Receiver, by order of the Court, and
2,377,459
Net earnings
$1,559,355 transferred to the Toledo Delplios & Burlington Railroad.
$1,446,193
55-64 Both roads are narrow-guages, and the latter acquires posses62-18
Per cent of exiienses
The rental being 7 per cent on the stock and bonds, the result sion of the former by paying all of the Receiver's and otner indebtedness, amounting in all to $486,000. General Corse,
to the Delaware Lack. & Western, the lessee, was as follows:
President of the Toledo Delphos & Burlington Railroad, and
Net earnings
$1,446,193
George W. Ballou, of New York, acted for the transfer company.
Interest on bonus
$1 ,408,6 10
Dividends on stock
1,050,000
Fort Wayne Muncie & Cincinnati.— The plan of re-organi2,458,610
zation which bondholders are asked to subscribe to in Boston, op
Loss on the lease
$1,012,416 at the Farmers' Loan & Trust Company in New Y'ork, states
that the United States Circuit Court is expected soon to make a
In 1879 the loss reported was $900,701.
decree of sale of this road. It is proposed that the holders of
Pittsbnr^ Fort Wayne & Chicago.
the various classes of bonds should unite to purchase the
(For the year ending Dec*::^^)er 31, 1880.)
property. A committee of three is appointed to bid at the sale,
The following statements are from the report for the year and should they become purchasers, tney are authorized to take
title and organize a corporation and convey the property to it.
1880, presented at the recent annual meeting in Pittsburg.
The terms on which the committee are to organize said corpoThe earnings for the year were as follows:
ration shall be as nearly as practicable as follows
1880.
1879.
Freight
There shall be issued to the first mortgage bondholders,
$7,395,452
$6,066,593
Passengers
$965,836
2,645,680
212,135
Freight.
Other
$849,563
2,443,642
221,892
to
—
:
Passengers
HaU and express
Kent8,&c
Total
Expenses
2,248,899
291,714
160,753
1,922,806
$10,096,819
5,318,559
$8,452,382
4,601,128
269,797
193,184
Net earnings
$4,778,260
$3,951,254
Per cent of expenses
53-25
52-67
These figures are for the main line of 468-39 miles, from
Pittsburg to Chicago. The net results for the year were as
follows.
Net earnings as above
Net gain from New Castle & Beaver Valley
Net gain from Lawrence Koad
_
earnings
new
corporation as follows
at par
For principal of their bonds
of certain coupons on
$41,104
first mortgage bonds, due
previous to Oct. 1, 1872, stock at par, about
To holders of 2d mortgage bonds, stock at par upon payment by thoni of $300:
Cash with each $1,000 bond
Company retain for settlement of claim Liverpool & London
& Ulobe lusurance Company, audother small claims
To holders
Road
Total
I«ss amount paid Cleveland
stock in the
$1,800,000
For principal of their bonds
For overdue coupon interest from April 1, 1872, to April 1,
1,008,000
1880, both dates inclusive, 8 years, at 7 per cent
To the equipment bondholders, stock in the new corporatiou, at par, as follows—
$345,000
For principal of their bonds
For overdue coupon interest on same from July 1,1874, to
138,862
April 1, 1880, at 7 per cent. f< years and 9 months
To the income bondholders, stock iu the new corporation,
& Pittsburg on division of Joint
$4,778,260
71,226
6,868
$4,856,355
345,839
Net balance for the year
$4,510,516
net balance for 1879 was $3,729,298, showing an increase
in 1880 of $781,218.
Total capital stock
16,800
500,000
150,232
$4,000,000
Galveston Houston & Henderson.— It is reported that Jav
Gould has obtained possession of this road. The New York
World says " The purchase of the Galveston Houston & Henderson by Mr. Jay Gould secures to his combination the great
terminal link to Galveston. The property in itself is exceedingly valuable, is bonded and stocked to a very small extent,
Angnsta & Knoxville— Charlotte Columbia & Augusta.— and has only suffered through mismanagement in the past..
Messrs. John J. Cohen & Sons, of Augusta, purchased for the The Galveston Houston & Henderson first mortgage bonds
syndicate $400,000 of the seven per cent bonds of the August & amount to less than $1,500,000. This net earning are mor»
The
GENERAL INVESTMENT NEWS.
:
-
1
THE CHRONICLK
678
—
—
of the road and a description of the route have been filed
the County Clerk's office." » * * " From it is learned
that the road will enter Erie County in the town of Alden, and
pas.s along north of the New York Lake Erie & Western Railroad and enter Buffalo near its easterly bounds. After entering the city the road will make a direct line for the Lake."
in
—
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 Y'ork, the Norfolk
& Western RR. Co. will purchase, at par and accrued interest,
the obligations of the Norfolk & Petersburg- Railroad Company,
the Southside Railroad Company and the Virginia & 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 Railroad
Company to purchase the 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 & Western Railroad Company will purchase at par and
—
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 pUce
of these income bonds, coupon bonds bearing 6 per cent interest,
and to meet the delay required by the laws of Texas in completing 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.
Lonisville New Albany & Ctaicagro. 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-
accrued interest the 8 per cent interest funding certificates of
the Receivers of the Atlantic Mississippi & Ohio Railroad.
Northern Central. The following comparative statement
of the earnings and operations of the Northern Central Railway Company is obtained from official sources.
—
-Avril.-
1881.
—
in earnest.
The
distance
is
$1,708,992
1,0.:0,456
1880.
$1,466,809
974,987
—
Court at Cincinnati.
RECEIPTS.
Cash on bandApril
and the company
Then they will take
64 miles,
$158,769
445,307
6,583
87,692
1
From station agents
From conductors
Individuals, railroad conifanies.&c
Adams and American
express companies
Post Office Department
816
21,645
Total
—
Louisville New Albany & St. Louis. At a meeting of the
stockholders held recently, they unanimously authorized the
issue of the mortgage bonds and stock necessary to complete
the road under contract with the Boston syndicate. The road
is reported to be all under contract, and will form a through
from Louisville
18?1.
$386,130
272,562
Net earnings.... $217,832
$688,.')36
$113,368
$491,822
& Mississippi. Mr. John King, Jr., Receiver of the
Ohio & Mississippi Railroad, filed the following statement of
earnings and disbursements for April with the United States
Ohio
expect to have it completed by October 1.
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."
line
-FotiT monlliB.-
1880.
Gross earninfcs
f4S7,273
Operating expenses. 269,441
:
menced
XXXa.
map
per cent 1 105,000 and
This calculation is based
on the report of the company for the year 1879. The present
business of the company, the times having wonderfully
improved, makes the above statement conservative."
Harlem River & Porteliester. Among the mortgages recorded this v(reek is one from the Harlem River & Portehester
Bailroad 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 payable in 1911, and will bear interest at 4 per cent.
Honston & Texas Central. OfBcial notice is given to the
holders of the income and indemnity bonds that offers for
redemption of said bonds will be received at the company's
office, Honston, Texas, until June 21, 1881.
If, as 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
for payment at the company's office, Honston, Texas, and
interest will cease at the expiration of the said thirty days.
tlian sufBcient to pay the interest of 7
a dividend of 11 per cent on the stock.
[Vol.
$720,815
DISBUKSEHEKTS.
Voucliers subsequent to Nov. 17, 1876
$491,532
148,765
_
Paj'-rolls
Arrearages
Cash on Iiand
to St. Louis.
May
1 ,390
1
79,123
Total
—
$720,815
—
Pennsylvania Railroad. The gross and net earnings in
the dissolution of April and for the first four months of the year are compiled for
appointment of a the Chronicle, as shown in the table below. In March, 1881,
Chambers of the there was an increase of $272,006 in gross earnings and $160,228
Court on Thursday, on a preliminary motion by defendants to in net earnings. For the four months there was an increase in
have portions of the complaint struck out as redundant to 1881 of $1,094,827 in gross and $214,693 in net earnings.
have others made more definite and certain, and to compel the
ALL LINES EAST OP PITTSBUKO AND ERIE.
Manhattan Elevated Railroad. The suit
ney-General Ward in the Supreme Court for
the Manhattan Railroad Company, and the
Receiver, came before Judge Donohue in
brought by Attor-
;
plead his various causes of action separately. On
suit of the Attorney-General came 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 adjouri;edfor
a week in consequence of the absence of ex-Senator Conkling,
who represents a number of the stockholders.
Marquette Honghton & Ontonagon.—Notice is given that
the sale of lands has been confirmed, and stockholders of record
at close of business May 21 had the option to subscribe at par,
pro rata, for $600,000 of stock in a land company, to be organ-
- Gross Harnings1881.
1880.
plaintiff to
Friday the
ized
by the purchasers.
Milwankee Lake Shore & Western.— This company
;
;
;
and not cumulative. The stock issued is $5,000,000 preferred,
and $1,000,000 common, and there are also 8,384 shares held in
trust for the company.
The company, in anticipation of the redemption of Us several
—
issues of 7 per cent bonds, will give to the holders of such
bonds the right to exchange the same, on certain terms, prior
to June 1, prox., for the new 6 per cent first mortgage consolidated gold bonds, having forty years to run.
New York Lackawanna & Western.—A dispatch to the
Times irora Buffalo, May 25, says: "The plans of the New
York Lackawanna & Western for reaching this city have,
within the past few days, assumed definite shape.
A
profile
$3,189,215
3,095,614
3,844,304
3,760,372
March
AprU
$3,083,551
2,944,576
3,278,186
3,488,366
-Net Earnings.1881.
1880.
$1,206,861
$1,366,298
1,158,104
1,232,182
1,799,226
1,511,248
1,655,810
1,495,582
.$13,889,505
$12,794,679
$5,819,801
$5,605,110
to the lines west of Pittsburg and Erie, the monthly
reports issued in 1880 and for the current year show the results
below. The company's report, however, states the gain since
Jan. 1 this year, against the same period in 1880, as $146,524.
ALL LINES WEST OF PITTSBnHG.
Gain or loss
Net Surplus over all Liabilities.
1880.
in 1881.
1881.
Gain.. $76,235
$305,304
January
$381,339
Gain.. 26.787
143,497
116,710
February
IX)S8.. 115,270
441 ,90
1557,171
March
312,269
Gain.. 184,495
April
496,764
Tot.al
As
Nettotal
places
on the New York Stock Exchange its first mortgage gold bonds
dated May 2, 1881, due 1921, bearing 6 per cent interest yearly,
coupons May and November, to the amonat of $3,000,000
total issue authorized, $5,000,000. The purpose of this issue,
which is at ihe rate of $12,000 per mile of completed road, is to
take up the sectional mortgage bonds to the amount of
$1,812,000 the second mortgaee bonds, now used as collateral,
to the amount of $500,000 and the equipment bonds to the
amount of $290,000, all of which are subject to call, and also
for the further construction of road. The company has also
issued a series of income bonds to the amount of $500,000,
dated May 2, 1881, running thirty years, with interest not
exceeding 6 per cent per annum, payable out of net earnings,
_
January
February
$1,463,701
$1,291,454
Gain
.
$172,247
Philadelphia & Reading.- -The Pennsylvania Supreme
Court gave an opinion in the Reading Railroad case, affimiing
the decree of the Court of Common Pleas declaring Frank S.
Bond and
others the legally-elected officers of the Philadelphia
&
Reading Railroad. Judge Mercnr delivered the opinion of
the Court., and Judge Trunkey filed a dissenting opinion, in
which Chief Justice Sharswood and Judge Sterrett concurred.
The
decision covers over ten pages. After reviewing the case,
concludes that the regular term of the officers has expired.
The right of the stockholders to require an election to be held
should not be unnecessarily trammeled, but if the view of appellant were correct the meeting could have been prevented
An application for
until the time for the next regular meeting.
re-argument of the appeal passed upon by the Supreme Court
on Monday was made on Thursday. In ease it is refused, Mr.
Gowen will end further proceedings by recognizing Major Bond
it
as President.
of the Philadelphia
posse.ssion of the
corporation books, to return to the subscribers of the deferred
bonds their deposit money and present a new plan for providing for the floating debt, ex- President Gowen has given for
publication the following reply.
" First—That the deposit money for the deferred bonds is in the bands
of the Receivers, and that the new board of managers have no custody
or control over It.
&
To the statement that the new managers
Reading Company intended, when in
.
Mat
:
THE CHRONICLE.
28, 1881.1
6T9
e:
" Second— That the money cannot be returned nnleas the nubscribere
are willinit to accept It, which I am (inito certain they will not do.
"Third— That the Enj{ll8h siihsorlbei-s to the deferred Ini-oine bonds,
none of wlioni were parties) to the RUit In the Circuit Court of the United
States, and who cannot possibly be allnctcd by it, have deterniiued to
Insist upon tluir rlftlit to the bondu, haTo employed able counsel In this
country to jirotcct tlioir Interests, and the opinion of such counsel and
of otiiers whose opinion Is being taken on behalf of the Aninrioan subscribers, coincides with that of the counsel for the company— viz., that
the bonds arc valid and legal, and their Issue la entirely within the
powers of the company.
.
,
,
^
" Fourth—That the proceeds of the sale of the deferred income bonds
will provide for the floating debt, the new maaa)?ers, if they assume
power, will be released from the necessity of dolus anything with reference to it, and if they will authorize and create the mortgaKO of
$150,000,000 of Ave per cent consols, even iu such form as will be
entirely within the powers of the company, as defined In the recent
McKennan nn<l Butler, I will agree to sell
decision of .lucU'es
$40,000,000 of tliem at not less than par, thus putting the new managers iu funds to pay the general mortgage bonds and all subsequeut
indebtedness at par, which will not only place the company in good
credit and bring back dividends to the shareholders, bat will very
spoedllv 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 anv compariFor April, 1881, the gross receipts of the railroad comson.
pany were 11,484,864, and ofthe coal and iron company, $897,641.
The statement of net receipts i.s quite complete, but it should
be clearly known that the expenses deducted are only the
operating expenses, and not rentals nor interest. The net
receipts in each department were as follows:
1879-80.
1890-81.
April.
5 Months.
April.
a Months.
$561,312 $2,889,383
Eailroad traffic
$532,2,51 $a, 731,758
70,693
2.73G
Canal traffic
9,95 1 Loss 49,462
1,708
107,084
Steam colliers
364
92,319
4,417
4,931
lUchmoud coal barges. -Loss. 1,157 Loss
94
,
—
.
.
.
.
.
Total Railro,ad Co
Bead. Coal & Irou Co. .
.
$541,410 $2,774,521
38,623
248,855
$644,161
28,953
$3,004,136
L's. 175,834
$580,039 $3,023,376 $673,115 $2,828,301
The volume of business of the two companies is shown in the
following statement
Tot. of both compaii's
TOJfN.tGE AN'D P.V9SENGER9.
1879-80.
-1880-81.
April.
April.
5 montha.
5 ynmiths.
.
!.
Tons of coal on RR. ^576,031
Tons of merchandise 532,147
Passengers carried.
Coal transported by
steam
colliers
By Coal and Iron Co.
By tenants
Total
$2,759,581
2,355,589
3,750,437
845,604
^637,344
531,375
786,687
$2,681,670
2,452,081
3,609,422
200,976
TONS OP CO.\r, MINED.
253,346
1,203,840
119,426
539,956
50,053
217,618
318.726
100,806
1.295,442
372,773
419,532
1,725,629
43,245
1,742,796
430,187
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 yesterday. As before stated, however, it may be determined to make
a trafBc arrangement with the Chesapeake & Ohio, in whioh
event the distance to be built will be much shorter."
An official notice is issued that a general meeting of the
stockholders of the Richmond & Alleghany RR. Co. will b« held
at the office of the Company, in the city of Richmond, Va., on
Thursday, the 23d day of June, 1881. At that meeting a proposed plan of consolidation with the Atlantic & Northwestern
son's, Va.,
Railroad Company, a corporation of the State of West Virginia,
and the Ohio Central Railroad Company, a corporation of the
State of Ohio, will be submitted.
Notice is given that there will be a meeting of the stockholders and voting bondholders of the Ohio Central Company at the
office of the company, in the city of Toledo, Ohio, on Saturday,
June 23, 1881, for the purpose of ratification of the articles of
agreement of consolidation.
—
South Carolina Railroad. The South Carolina Railroad
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 eq_nipment and
other property and franchises; it will be made subject to liens
will
prior to the second mortgage, not to exceed ^£620,000 sterlicg of
principal, including bonds held by the trustees.
St. Louis Alton & Terre Haute.—This company has listed
at 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
directors in 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 annuallv on June 1 of
the following year; such interest is not to accumulate from year
to year.
—
&
—
Sonthern. ^This company lists
St. Louis Iron Mountain
at the New York Stock Exchange the general consolidated
railway and land grant mortgage bonds, dated March 15, 1881,
due April 1, 1931, at 5 per cent interest, payable half yearly,
secured by a mortgage on all the property, franchises, <ic., of
the company. The total issue of these bonds will be $32,036,000.
The bonds are
to be appropriated as follows:
To complete the laying of steel rails on the main line of
$1,710,000
road iind to pay floating debt
To retire flrst preferred income bonds at 107, as many as
4,4 38,000
retire second preferred income bonds at 100, as many as
4,015,000
shall be necessary of
21,873,000
Reserved In trust company to retire divisional bonds
shall be necess.ary of
To
Pullman Southern Car Co.— The annual meeting
of
._ the
„.
President, directors and stockholders of the Pullman Southern
Car Company was held in Louisville. C, H. Davie, of Chicago,
General Accountant of the company, presented his annual
statement, which contained the following:
ANNUAL STATEMENT TULLMAN SOUTHERN CAR COMPANY, FISCAL YEAR
ENDINO MARCH 31, 1881.
Eevenue-Gross earnings
$236,079
IHsb'urscineiitSt
Operating expenses, Including legal expenses, taxes,
surance,
in-
&c
Maintenance of uphdstcry and bedding
Interest and exchange
Net revenue for year
and loss, old account written off
Amoimt reserved for payment of taxes
$112,344
$123,735
I^oflt
340
5,700
117,694
in litigation
B.alance of net revenue for year
$236,079
FINANCIAL STATEMENT.
Assets.
and equip., inclndinz tranchlae8.$l,245,207
Less 1,850 shares capital stock held in trnsl for
the comjiany
185,000- $1,060,207
Extra trucks
13,165
Value of stores on hand
15,730
Fifty-eight cars
Wheels and axles
and fixtures
Repair shop, New Orleans
1,361
Oftlee furaituie
4,573
695
112,500
Patents
Accounts receivable— 1,850 shares of stock In
„ trust
$185,000
Sundry accounts receivable
48,120—
233,120
$1,441,355
Liahilities.
„
,
„each
,
Capital stock issued, 13,092 shares, at $100
Of which 1,850 shares are held
company
$1,309,200
in trust for the
185,000- 1,124,200
Accounts payable— Pullman Palace Car Co
Sundry accounts pajable
Income account— Balance March 31, 1380
Year ending March 31, 1881
•88,708
29,80 1—
80,951
11 8,509
117,694—
198.646
$1,441,355
•
Reduced
in
12 months, $95,624.
& Alleghany— Ohio Central.—These roads are
" The
to be consolidated. The World of May 27 reports
name of the new company formed by the consolidation of the
Richmond & Alleghany and the Ohio Central railroads will be
the Richmond Alleghany & Ohio Central railroads. The stock
of the Richmond & Alleghany will get 120 per cent cf the stock
and 80 per cent of the income bonds of the new company, and
the Ohio Central stock will get about 12,'5 per cent in the new
stock, the mortcrage and income bonds remaining the same.
The present terminus of the Richmond Alleghany' is Williamfiichmond
:
&
$32,036,000
Spartanburg Union & Columbia.— The lease of this road to
the Columbia & Greenville Company has been completed and
signed. The lease is for ninety-nine years, at a fixed yearly
rental of $50,000.
—
Syracuse Binghamton & New York. A meeting of the
stockholders of this company was held at No. 26 Exchange
place. Seven-eighths of tne 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
was served on the Comptroller by the Sheriflf of the county
enjoining the Funding Board from carrying out the requirements 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 b^ bribery; that members of the
Legislature were speculating in Tennessee bonds when the act
passed, and that one memoer received $10,000 and another
$15,000 for voting for the act. The bill further charges that
the act is unconstitutional because it appropriates revenue for
99 years, while the Constitution prohibits appropriations for
longer than two years; also, because it confers judicial powers
on the executive officers to pass upon the legality of bonds; that
by the coupon feature the school fund is divested from its
legitimate purpose; that it provides for funding bonds held by
certain bondholders, but excepts bonds held by charitable and
educational institutions; that the act fails to recite in its caption
or otherwise the title or substance of the law repealed, revived
or amended; that it repeals the section of the act of March,
1873. prohibiting the reception of anything but Treasury warrants, gold and silver. United States bank notes, and the old
issue of the Bank of Tennessee, for taxes, by making the conpons receivable for taxes. The bill further alleges that the act
is ambiguous, and asks for a construction of the act by the
court.
The bill of injunction was presented to Judge 1. 1. Williamsr,
at Winchester, and a fiat granted on May 20. Comptroller
Nolan, 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.
& St. Louis.-This narrow-gauge railmaking 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 expenThe increased
ses and rentals, $880,604; net earnings, $266,748.
Toledo Cincinnati
road
is
percentage of net earnings over 1879, deducting rentals,
37 6-10.
is
.
THE CHRONICLE.
680
5Ixc (Eommcvcuxl givnes,
[Vol,
XXXIL
COTTON.
Feidat. p. M.. May 27, 1881.
Crop, as indicated by our telegrams
from the Stmth to-night, is given below. For the week ending
this evening (May 27), the total receipts have reached 36,851
bales, against 42,415 bales last week, 49,150 bales the previous
week and 45,535 bales three weeks since; making tne total
receipts since the 1st of September, 1880, 5,530,131 bales, against
4.739,442 bales for the same period of 1879-80, showing an increase
since September 1, 1880, of 790.689 bales.
The Movement of the
COMMERCIAL EPITOME.
Friday Nioht,
May
27, 1881.
The weather here has been veiy good, the week closing with
the temperature warm and summer-like. Crop accounts are
'
generally favorable, fully equal to any reasonable expectations,
the extent of our country and the variety of its products
are considered. Trade pursues the even tenor of its way undisturbed, except in two or three staples, such as wheat and
when
Seeeipls
at—
Wed.
Thura.
1,505
514
279
642
480
297
267
2,031
1,020
2,116
428
357
94
459
185
1,041
741
826
330
686
798
266
394
605
345
Indlanola, &c.
New Orleans...
But
lard, by wide fluctuations and speculative complications.
the volume of transactions is large, with a fair margin for
profit, and future prospects promising.
Tua.
Sat.
Galveston
Mobile
Florida
Savannah
The provision market has shown one or two sharp declines of
late, followed by partial recoveries. At the moment the position here is weighed down by the unsatisfactory advices from
Brnnsw'k, &c.
Caarleston
Pt. Royal, &o.
Total.
Fri.
571
23
1,379
125
2
630
4,021
23
7,302
1,456
2
4,76»
3,293
885
17
28
43
493
684
294
578
115
719
17
54
10
Wilmington
48
165
24
32»
Chicago; old mess pork on the spot, $15 75j new, $16 75; June
43
Moreli'd C.,&c
quoted $16 30@$16 90; July, August and September, $17 Norfolk
431
1,319
763
417
479
3,90O
spot;
prime
Western
on
the
for
lie.
at
Lard
sold
asked.
684
City Point,&c
100
1,059
542 1,026
957
3,978
June, 10-85@10'95c.; July, 10-82^@10-97?^c., August, 10-85@ Now York
342
792
456
447
248
2,863
10-97}6e.; September, 10-85@10-97^c.; October, 10-85@10-90c.; Boeton
115
9
Baltimore
180
250
575
1,332
seller year, 10-17 /^@10-27/^c.; reiined to the Continent, 11 10c.
229
498
PliUadelp'a, &c.
720
630
52
2,848
Bacon firm and moderately active at 8%e. for long and 9)4,0.
5,9.ss
tliis week]
7,020
5..583
36.851
Totals
6,644|
5,068
6.592
and
quiet
for short clear. Beef and beef hams have ruled
For comparison, we give the foUowm? table showing the week's
unchanged. Butter has latterly been quiet, in better supply
total receipts, the total since Sept. 1, 1880, and the stocks to-night
choice
firmer
at
8%@l0c.
for
fair
to
and weak. Cheese closed
and the same items for the corresponding periods of last year.
factory. Tallow firm at 63^@6 9-16c. Stearine at IS^^c.
—
1880-81.
Eio coflfee has advanced to lie. for fair cargoes, owing to
the very favorable result of several auction sales the business, however, has not been large. Mild coflfee has brought
strong prices at a large auction, some two-year 'old Maracaibo
bringing as high as 14Mc.; 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
Molasses has sold fairly at firm prices, and 50
aiid firm.
degrees test has advanced to 36^c.; grocery grades have remained 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, especRaw sugar
ially in jobbing lots, has fallen off materially.
closed firmly, held at 'J%a. for fair refining Muscovado and
8J^@8%c. for 96 degrees test centrifugal. There has been a
May
;
New Orleans
Mobile
Florida
Savannah
Brunswick, &e
Charleston
Port Koyal, &c.
Wilmington
BTidt.
Btock
Stock
May
May
25,'1881
26,
1880
Refined has been in good
loaf,
67,424
57.703
53,513
119,533
demand and
10%@10?6c. for powdered
Norfolk
aty
,
Point, &o.
New York
Boston
Baltimore
. . -
Philadelphia, &o.
Since Sep.
1, 1880.
This
Week.
Stock.
Since Sej).
1, 1879.
1880.
456,315 50.859 11,805
7,694
5,845 1,451,958 162,40' 146,884
50
348,443 13,997 17,392
20,136
5,086
1,011
715,300 21,189 10,206
3,631
1,820 442,799 16,307 12,155
30,619
49
73
1,701
75,723
2,127
13
26,852
6,990 552,190 15,116 17,81»
518 150,671
2,749 193,714 174,059 174,284
1,601
204,247 11,530 11,516
82
16,116
9,224
6,927
1,418
43,044 10,244
9,926
4,021
1,135
23
2
645,838
15,086
7,302 1,503,768
1,456
376,766
2
20,357
4,760 845,127
4,855
3,293 610,021
49,950
17
329 115,238
30,009
43
3,900 682.199
684 207,755
162,396
3,978
2,863 1.57,598
41,213
1,332
61,935
2,848
1881.
36,851 5,530,131 23,764 4,739,4421489,897 422,912
In order that comparison may be made with other years, we
give below the totals at leading poits for six seasons.
Total.
Metado.
Bags.
1,906
193,243
1,966
246,961
294
6,844 1,012,170
5,784
849,803
6,510
higher, at 10?^c. for cut
and
.
M'head City,&c
;
May 1,
~ 1881
'
May 1 1881
27.
Indlanola, &c..
good business of late this fact, and advices of firm foreign
markets, hare greatly encouraged holders here.
Bales since
This
Week.
Galveston
;
Receipts since
1879-80.
Receipts to
Boxes.
10>go. for granulated,
Receipts at-
Galvest'n,&c.
New Orieans.
Mobile
Savannah
crushed remaining at lO^c.
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.
Seed leaf has continued in moderate demand, and the sales for
the week embrace 373 cases, 1880 crop, Wisconsin, Havana
seed, on 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®
aSc; and 300 cases sundries, 12@25c. Also, 600 bales Havana,
85c.@$l 25.
In naval stores there was a quiet and essentially unchanged
market. Spirits turpentine, 37^@38c.; strained to good strained
1881.
1880.
4,044
7,302
1,456
4.760
3,310
1,137
3,845
507
1,011
1,820
1879.
1878.
3,022
2,434
390
2,06
1,636
3,561
1876.
1877.
411
1,041
1,996
4,501
960
328
94S
3,317
1,389
1,326
1,098
Wllm'gt'n, &c
Norfolk, &c..
All others
372
86
426
377
683
526
562
398
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
23,704
17,113
18,220
9,669
13,810
Charl'st'n.ifec
30»
Since Sept. 1 5530,131 4739,442 4389,721 4196,104 3905.613 4018,014
Galveston includes Indianola; Charleston includes Port Koyal, <&o.;
Wilmington includes Morehead City, &c.; Norfolk Includes City Point. &e.
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
made up this evening are now 489,897 bales. Below are the
exports for the week and since September, 1, 1880.
Week Ending May 27.
Prom Sept. 1. 1880, to May 27, 1881.
ExpoHed to—
Exporttd to—
Export!
Petroleum ruled firm and fairly active
jromrfor export at 8c. for refined.
ContiCrude certificates closed
Great
Great
Conti- ntal
Total
nent.
Brifnnent. Weelc. Britaui.
firmer at 82}^c. bid for United certificates.
Ingot copper
437,436
98,1S5
50.228
7,120
1,027
1,246
6,398
289,013
has declined a trifle, and Lake is now quoted at 18M@18%c. All Galveston
New Orleans.. 18,328 1,616 3,533 20,478 808.497 .;98,110 337.448 1,414,055
other metals have ruled quiet and without essential changes.
110,722
7,419
80,686 22,767
4,793
4,793
Mobile
Ocean freight room at the close was a trifle more steady for Florida
496,03»
26',
722
196.451
87,866
1,700
1,700
1) jrth room, while charters were dull and rather easy.
Grain to Savannah
460,07»
3.080 194.209 60,299 211,571
3.080
Charleston"...
Liverpool, by steam, 2M@2?^d.; flour, 12s. 6d.; bacon. ISs. 6d.; Wilmington...
69.812
11,222
57,146
1,444
312.276
7,597
301.829
2,850
cheese, 15s.; cotton, 3s. 6d.; grain to London, by steam, quoted Norfolk
479.53S
317.800
33,401
98,837
9.655
37
2,196 11,888
4d.; do. to Glasgow, by steam, 3?4@4d.; do. to Leith, by steam, New York
94.£9»
94,598
S.150
3,150
Boston
B?6d. do. to Cardiff, by steam, 5d.; do. to Rotterdam, by steam. Baltimore
123,617
25,470
98,177
5,934
736
5,193
57,85«
102
57,550
4,100
4,100
ed.; do. to Antwerp, by steam, 4Md.; do. to Amsterdam, by PhUadelp'a,*c
2.683 12,191 e4,6i« 2,i'i\&» 506,965 1.059,084 4.091,855
steam, 3d residuum to Liverpool, 3s. 3d.; crude petroleum to
49,342
Total
Havre, 3s. l^d.; naphtha to Havre, 3s. 4}^d.; grain to Cork for
300 10,23* 59,922 2,307.991 843,515 796,214 3,447,r20
Totall879.8C 19,884
ciders quoted at 4s.@4s. 3d. per qr.
'Includes exports frum Po t Huyal. Ac
rosins, $1
90@1
97?^.
]
\
|
)
;
;
I
„
1
I
^AT
„
„
THE CHRONKJLE.
2a, 1881.
581
In addition to above eiports, oar telefrrama to-night also snve
following amounts of cotton on shipboard, not cleared, at
the ports named. We add similar figures for New York, which
.are prepared for our special use by Messrs! Carey, Yale &
Lambert, 60 Beaver Street.
On
May
27,
^ I
iog
.
,
.
»
i
:
Great
France.
Britain,
JTew Orleans
Other
Foreign
Coail-
8,920
88
None.
1,500
2,000
33
None.
1,000
37,911
3,700
5.539
9,600
19,817
•4,300
6,500
124,490
10.297
10,768
11,589
31,042
109,759
44,579
24,373
3,370
87,307
402.530
16,286
1,700
2,689
12,037
2,000
900
None.
Salveston
New York
Other ports
12,331
3,000
4,000
1,942
1,430
6,700
6,503
N<mo.
None.
Totii
40,880
17,.-)2!)
M<jblle
Cnarleston
Bavanaab
None.
930
4-50
300
•
e
:
I
:
n
'^iZa
aE7''S
:
_;
3
8
:
.
O'.^c?
S
SMo.y
ao^<,g-
asdig
FK'-»
<-<
:
porta the destination of which
The
IS-ag.
?-i~i=-
gSioi a«>'"»
g9i.®2.
00
?i
Jo-
ooo'
00
00
o
I
;
00
I
10,328 biles, including 3,822 for export, 5,734 for consumption
622 for speculation and 250 in transit. Of the above, 280 bales
>
The following are the
sach day of the past week.
sales for
UPLANDS.
Sat. ITIou Taes
Hay 21 to
May 27.
quotations
official
and
Strict Orrt..
Good Ord..
G'd Ord
Str.
Low
Midi's
Str.L'w.Mid
MiddUng...
Mid..
G'd -Mid
Mldd'g Fair
Fair
Str.
7ie
7l8
719
7%
7%
7%
ORLEANS.
Sat.
Mon Taes
TEXAS.
mon. Tne«
Sat.
1^-
Wa
Wed
739
733
8^8
S^S
9I8
9%
9=8
9»8
1038
1038
101316
1013x6
11
11
n»,6 119,6
lliSie 1!13„
12910 129,6
130,
135,6
Wed Tb.
L'w Mid 1019
Good Mid..
10%
11^10
Str. G'd Mid 11»1«
Midd'g Fair l-i^ie
Fair
131,,
79i6
85,6
93,6
Frl.
79,6
85,6
93,6
non Taes Wed
Sat.
00
00
00
OCn,-,
OOo
*j-.*jO
oo^^
5o
ooo
00
00
00
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ob-j
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-J
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•*."
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I
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C o
I
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o-.ai
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S
"^
f^
©Oo
660
C©o
HmO
Ut5
M
10%
111,6
1158
11^8
1258
OOo
-.i^io
qsMi-i
I
I
12»,6«
79ia
85i6
93,0
9U,( 9i:,6
109,6 109,6
00
T Si.*-
jo
OJCO
CO
o OOo
o
o o (xobo
tC^
».->
OOo
-.l-io
MX
00
«».»
fs;
Fri.
I
OOo
01 to...
IS,
135,
19 e.-'
<\d>
11»16
11
00
I
e
o©o
MtO©
O©
©1
I
It*
I
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1158
I
1
S:
I
1:
I
€):
11 '8
1268
133e
I
I
I
I
I
I
Tb,
Frl.
611,6
7lli6
89,6
7
7
8
•Includes sales in September for September, 621,400; Sent.-Oct. for
Oct., 940,500; Sept.-Nov. for November, 762.100 8ept.-Deo. for December, 1,464,.500; Sept.- Jan. for .lamiarv, 2,589,900; 8ept.-Eeb. for February 2,372,700; Sept.-Maroh for March, 3,460,100; Sept.-Aprll for
858
April, 2,595.800.
9''a
915u
915,,
Transferable Orders— Saturday, 10-70; Monday, 10-65; Tueada^,
1005; Wednesday, 10-70; Thursday, 10-70 Friday, 10-80.
The following; exchanges have been made dnring the week:
-06 pd. to exch. 1,000 June for July.
03 pd. to exch. 500 Juno for May,
s. n. 28th.
300 Nov. for Dec. even.
-14 pd. to exch. 500 Jimc for Aug
-05 pd. to exch. 700 June for July.
-14 pd. to exch. 500 June for Aug.
The Visible Supply op Cotton, as made np by cable and
;
Good Ordinary
Strict Gooil Ordinary
^
611,6
1t>
7U„
.Mlddllni'
Middling....
11
11»16
1113,6
129,6
I35,„
Xll.
STAt.'JED.
Low
916
958
958
1038
1038
lOiSie 1013,6
738
818
919
959
911,,
9'.fi6
109,6 109,3 1038
101316
lO'a
109l6 109,6 1013,6 lO's
10I3i6 1013,611
lUie III16 11
1138
1138
119,6 1158
1158
119,6
1158
1158
11 '8
1113,6 ll's
1113,6
1238 1238
129,6 1258
1258
129i6
1318
1316 '135i« 1338 1338
13°i«
Frl.
738
SH
9^
Wed
Til.
Ordin'y.»Ib 7i8
733
7''J6
Strict Ord.. 7%
71*16 7i»,( 8l8
"8
Good Ord.. 8i3ia 8 'a
919
8
Str. G'd Ord 9°16
938
938
9=8
Ix)w Midd'g 10
1038
103i6 103,6
Middlinic...
738
©o
da
|5oo
«s©
NEW
'/38
738
8i«
8%
918
8l3ia 813,,
9%
813i,
958
9=8
95ie
10
1038
1038
lOis
1012
101316 1013je
10% 10% 10% 11
11
U5ie 11°18 1161, UBje ll^iS
11»18 11>*16 lisis ll'3l6 1113,,
l'25i„ 129l6 12»,8
I3ii„
131i« 130,
a>A
00 u
tOOH'
I
Ordin'y.^B)
00
0>O
d^'io
I
to arrive.
00
910
Sico
OOo
I
forward delivery for the week are 4.')4,500
For immediate delivery the total sales foot up this week
total sales for
00
ODO".
active.
Str.
«
speculation in futures has been only moderately active for
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
<!aused the next crop to be neglected. Cotton on the spot was in
very good demand for export and home consumption quotations
were advanced l-16c. 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 middling and above advanced 1-1 6e.; stained middling and low
middling advanced l-16c.; strict good ordinary and good ordinary advanced 5-16c. To-day the market was finn and fairly
Good
I
oos
Liverpool, local storms at the South,
were
ei
learn.
On Saturday the opening was quite
buoyant, but most of the early advance was lost at the close, and
on Monday there was a material decline, especially for this
crop, 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
bales.
r
ai
the week under review.
The
:|
^K»S CS"* PKa>£
ic.
1 ,000 bales at presses for foreign
wo cannot
III
ill
t
a, OS
amount there are
*Inolii(lod in this
»'M!
:
so
•
:
^1
^-'^
Stock.
Total.
wise.
p,S.a!
,;»:—:
5
^
3 "
Leaving
AT—
*>«SJ5
'?''sS"-<
i,£<-t
I I
Shipboard, not elearetl—/or
4
pi Q
§3
OS the
611,6
611,6
Zi'i«
89,6
!".l!"!"."!!
9 '8
9^8
978
MARKET AND
8
858
;
SALES.
SALES OP SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
Ex-
Con-
Spec- Tran-
port, gtimp. ul'Vn
sit.
^otm.
I
DelivSales.
|
1
eries.
|
Sat.
Mon
Tues
Firm at i,«adv.. 1,492
Dnll and easier..
112
1,131
Earlier
1,762
Wed Finn
Thurs Q't&st'yatrev.q.
Frl
Total
The
yulet
I
1,075
297
87
41
84
63
430 1,615
309
317
590
406
154
93
5,734
522
3,822
250
2,700 125,000
700 65,400
2.921 01.800
2,138 70,300
780 59,900
1,089 72,100
300
200
300
300
300
200
250 10,328 454.500 1,000
dally deliveries given above are actually delivered the
vloua to that on wliioh they are reoorted.
day
pre-
The Sales aito Pbicrs of Fctctees are shown by the following comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales]
The Continental stocks are the fignrea
is as follows.
of last Saturday, but the totals for Great Britain and the afloat
this
week's returns, and consequently
for the Continent are
brought down to Thursday evening; hence, to make the totals the
complete figures for to-nignt ^May 27), we add the item of exports
from the United States, including in it the exports of Friday only:
1878.
1881.
1879.
IS8O.
866,(K)0
599,000
bale*. 930,000
707,000
Stookat Liverpool
12,000
46.800
49,300
42,500
Stock at London
telegraph,
Total Great Britain stock
Stookat Havre
Stock at Marseilles
Stock at Barcelona
976.?0O
221,000
3,800
31,600
816,300
6V,100
4,500
45,700
640,500
121,000
2.750
47,750
879.000
233.000
G.500
46,000
—
.
.
.
THE CHRONICLE.
582
Btock
Stock
Stock
Stock
Stock
Stock
^ftles.
8t Hambiirp
.-...
at Bremen
at Amsterdam
Rotterdam
at
at Antwerp
at other oontl'ntal ports.
Total continental ports....
1880.
3.000
43.200
17.400
2,290
•^X"''*'*
''Siixx
°'i?"
, „ I"'i
10,900
7.50O
44,500
27,.i00
r>0,7o0
14,170
39.000
2.000
6,500
9,250
198,180
257,750
436,750
820
374,710
1878.
1879.
3,000
1881.
.7«>0
Total European stocks.. ..1,351,310 1,014,490
313.000
India cotton afloat for Europe. 291,000
Amer-n cotton afloat for Eur'pe 402.000 379,000
47,000
20.000
B«yi>t,Brazil,&c..aatforE'r'pe
423.015
Stock in United States ports .. 489.S97
75,910
78.111
Stock in U. 8. interior ports..
5,000
8,000
United Stftes exports to-day..
12.000
6,500
20,000
The above totals show that the old interior stocks have decreased during the week 14,686 bales, and are to-night 2,171
bales less than at the same period la.st year. The receipts at
the same towns have been 1,000 bales tnore than the same week
last year.
898,230 1,314,750
300.000
102,000
227.000
303.000
19.000
12,000
283.303
250.814
20.305
23,912
1,000
1,000
—
Receipts from the Plantattojjs. The following table i.s
prepared for the purpose of indicating the actual movement each
weeK from the plantations. Receipts at the outports are sometimes misleading, as they are made up more largely one year
than another, at the expense of the interior stocks. We reach,
therefore, a safer conclusion through a comparative statement
2.663,317 2,237,636 1,791,399 2.062,965
Total visible supply
OftheaDove. the totals of American and other descriptions areas follows:
American
473,000 668,000
707,000
514,000
Liverpool stock
373.000
221,000
273,000
141,000
Continental stocks
379.000
303.000 227,000
AmerlCiin afloat for Europe.... 402.000
230.814
285.303
489.897
423,043
United States stock
26.305
23.912
75,040
78,111
United States interior stocks..
1,000
1,000
8,000
5,000
to-day..
exports
United States
—
In reply to freq^uent inquiries we will add
like the following.
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 fiinally reaches the market through the out-ports.
BECEIPTS PROM PLANTATIONS.
Week
ending--
Hast Indian.SraiU,
tdverpool stock
<tc.
1,955,337 1,513,156 1.275,149 1,578,215
—
223.000
46,800
101.710
294,000
London stock
Continental stocks
India afloat for Europe
4'7,000
Egypt, Brazil^ &c., afloat
Total East India,
lotal American
253,000
49.300
54,180
318.000
20,000
125,000
42.500
36,730
300.000
12,000
193,000
12.000
63.750
192.000
19,000
712.510
694.4S0
516.250
484,750
1,953,837 1,543,156 1,275,149 1,578,215
&0
2.668,347 2,237,636 1,791,399 2,062.965
Total visible supply
esigil.
OiSisd.
Si^iafl.
e^iad.
Price Mid. Upl., Liverpool ....
The above figures indicate an increase in the cotton in sight
to-night of 430,711 bales as compared with the same date of 1880,
an increase of 876,948 bales as conrpared with 1879 and an increase of 605,382 bales as comparedTwith 1878.
In the preceding visible supply table we have heretofore only
Liclnded the interior stocks at the seven original interior towns.
As we did not have the record of the new interior towns for the
four years, we could not make a comparison in any other way.
That difficulty no longer exists, and we therefore make the following comparison, which includes the stocks at the nineteen
towns given weekly in our table of interior stocks instead of only
shall continue this double statement for
the ola seven towns.
a time, but finally shall simply substitute the nineteen towns for
the seven towns in the preceding table
1880.
1879.
1878.
1881,
American—
bales 707.000
514,000
473,000
668.000
Uverpool stock
273.000
144,000
221,000
373.000
Continental stocks
402.000
379.000
303,000
227.000
American afloat to Europe
423.015
250,814
285.303
439,397
United States stock
132.471
143.211
42,193
stocks..
39,025
interior
United States
"
5,000
1,000
8,000
1,000
United States exports to-day.
We
Total American
2,012,368 1,608,286 1,291,042 1,593,323
East Indian, £razU, <te.—
Uverpool stock
London stock
Continental stocks
India afloat for lilurope
Egypt, Brazil,
<fec.,
afloat
Total East India,
&0
253,000
49,300
54,180
318,000
20,000
198,000
12,000
63,750
192,000
19,000
25,000
42,500
36,750
300,000
12,000
]
712,510
694,480
516,250
484.750
2,012,368 1,608,286 1,291,042 1,593,328
IMalAmerican
Total visible supply
It^ The
223.000
46.800
101,710
294,000
47,000
2.724,873 2,302,766 1,807,292 2,078,078
imports into Continental ports this week have been
24,000 bales.
These figures indicate an increase in the cotton in sight tonight of 422,112 bales as compared with the same date of 1880, an
increase of 917,586 bales as compared with the corresponding
date of 1879 and an increase of 646,800 bales as compared with
1878.
—
At the Interior Ports the movement ^that is the receipts
and shipments for the week, and stocks to-ni^ht, and for the
corresponding week of 1880 Is set out in detail in the following
—
statement:
.
(8.490
18..
60.202
61.3(W 140.126 159.418 2S1).996 2c5.017
49.611 108.200 t41,612[^81,04' 257,314
53,HH 93.690 181,463 260,120 277,992
.,
1..
8..
•'
15..
22..
"
29..
•fey B..
" IS..
"
20.
"
27..
60.698
51,283
41.851
40.197
38,183
32.283
19,031
19.897
16.673
17.1
H
1881.
I8S0.
1879.
from PlanVna,
1879.
1880.
72,289
42,396
51.085 136,597
40,662 110.497
38.492 84.368
40.496 67,101
30.595 68,996
47.393
78,514 116.879, 25l'.223
366..'5-;9
50,549
39,699
37,333
85.696 107.0051252,495 249,879
66.579 91,960 233.556 237,401
60.718 87.294 !220,936 218,880
34,977
25.149
31,511
47.729
45.535
78,962 204,154 204.211
7I,51C 186.658 193,919
13,951
14,076
49,150
42.415
86,851
59.249jl76.15'
11,615
7,600
8.853
8.105
14.135
11.812
5.551
3-1.910
1
35.714
30,858
25.661
24.«36
26,514
23,704
1
175,316
51,429 181.455 158,248
42.1981143.241 132.471
7.i
21.971
19.091
1881.
54.101
42,177
33,080
35,273
30,517
25,347
11,074
The above statement
shoiws
1. That the total receipts from the plantations since Sept. 1 in
bales;
1880-81 were 5,624,799
in 1879-80 were 4,875,332 bales; in
1878-79 were 4,426,267 bales.
2. That, although the receipta at the out-ports the past week
were 36,851 bales, the actual movement from plantations was
only 11,074 bales, the balance bein^ taken from the stocks at the
Last year the receipts from the plantations for
interior ports.
the same week were 5,550 bales and for 1879 they were 7,882
bales.
Weather Reports bt Telegraph.
— The
weather the past
week has been favorable for the development of the crop in a
large portion of the cotton States, but in some districts there are
complaints of too much rain, and in others of too little. In the
Southwest, and especially in Upper Texas, parts of Louisiana,
&c., rains have been heavy and grass is becoming troublesome
—
Galveston, Texas. It has been showery on two days the past
week, with a rainfall of eighty-six hundredths of an inch.
Prospects are fair, though many sections complain of excessive
In the lower half of the
rain, grass and scarcity of labor.
The
State, com is tasseling and cotton is beginning to bloom.
thermometer has averaged 79, ranging from 66 to 88.
Indianola, Texas. We h*.ve had a shower on one day the
past week, the rainfall reaching fifty-eight hundredths of an
Average thermometer 79,
inch. Crops are doing well enough.
highest 89 and lowest 66.
Corsicana, I'exas.—We have had rain on four days the
past week, the hardest for years. The rainfall reached seven
inches and eighty-three hundredths. No serious damage has
been done, but much damage is feared unless dry weather ensues,
as work is suspended and weeds are growing so fa-st that they
are becoming troublesome. The thermometer has ranged from
61 to 93, averaging 76.
Dallas, Texas.— It has rained hard on three days the pa.«t
week, interrupting wheat harvest and other work. The rainThere is
fall reached two inches and flfty-five hundredths.
about twenty-five per cent decrease in wheat acreage and the
Dry
yield promises to be about twenty bushels per acre.
weather is wanted grass is growing, and labor is scarce, commanding one dollar and a half per day, and rations. The thesmometer has averaged 75, ranging frmn 60 to 93.
Brenham, Texas. It has rained hard on three days the past
week, the rainfall reaching three inches and twenty-five hundredths. Accounts from the interior are conflicting, but on the
black lands weeds are growing so fast that they are becoming
trouble.some. A few cotton blooms are reported. Average
thermometer 77, highest 92 and lowest 64.
Waco, Texas. It has rained hard on three days the past
week, the rainfaU reaching two inches and seventy-five hundredths. Probably no serious damage has been done, but we
are having too much rain. The thermometer has ranged from
62 to 90, averaging 75.
New Orleans, Louisiana. We have had rain on five days
the past week, the rainfall reaching three inches and seventysix-hundredths. The thermometer has averaged 77.
Shreveport, Louisiana. It rained on the first two days, but
has been fair the balance of the week. The rainfall reached
one inch and seventeen hundredths. Average thermometer 78,
highest 90 and lowest 60.
Vicksburg, Mississippi. We have had rain on two day«
the past week, and the balance of the week has been pleasant.
Weeds are growing so fast that they are becoming trouble.some.
Columbus, Mississippi. It has rained on four days the past
week, the rainfall reaching two inches and eight hundredths.
Crops are grassy.
—
;
Week ending May 27.
Iteeeijits.
Augusta, Ga
Columbus, Ga...
Shipni'ts
267
150
1,526
1,111
51
237
539
465
'81.
Slock.
Week ending May
28, '80.
Receipts. Shipm'ts
SU>ck.
373
73
1,497
11,027
6,^.39
138
147
389
233
263
217
1,039
8,016
394
433
42,694
9,154
78,111
538
12,419
1,330
11,329
5,576
5,007
4,119
3,468
33,014
8,427
Total, old ports..
3,241
17,927
75,910
2,181
11,073
Dallas, Texas. .
Jefferson, fex,..
Shrevepoit, La.,
Vicksburg, Miss.
Columbus, Miss.
46
79
395
493
40
217
897
2,870
SO
774
Eufaula, Ala
183
15
122
102
212
Macon, Ga
Montgom'ry.Ala.
Selma, Ala
Memphis, Tenn..
Nashville, Tenn.
176
133
1,926
Ga
Atlanta, Ga
Bome, Ga
Griffin,
2,142
1,127
536
240
34
'
13
1,474
5,271
1,632
810
55
80
512
150
4,064
1,310
343
151
1,163
2,115
171
3
238
683
306
709
6
1,473
12
231
io;ii6
635
1,961
20
98fl
1,614
7,788
557
093
2,75.-]
5,096
6,043
40,9n«
6.016
63,130
Charlotte, N. C*.
St. Xxmis, Mo
Cincinnati, O ...
200
102
69
475
3,822
9.372
9.076
10.520
23.738
10,243
1.314
4,519
Total,
new
11,913
26,031
56,531
7,137
16,4.34
Total,
all
13.184
43,9ai 132,471
9,318
27,532 143 241
'
April
Stock at Interior Forts Rec^pts
1880.
»
"
Receipts at thi PorU,
1879.
Mar. 11
"
Total American
[Vol. XXXIl.
port.**
This year's
flgiu-es
983
202
estimated.
897
—
—
—
—
—
—
I
.
Mat
;
THE CHRONICLE.
28, 1881.]
Little Rock, Arkansas.— S'ii*' days of the past week have
t)e>n cloudy, with rain on four day.s, and the remainder of the
week has been fair to clear. The rainfall reached one inch and
sixty-three hundredths. The thermometer has ranged from
62 to 81, averaging 09.
Nashville, Tennessee.—Vfe have had rain on Ave days the
past week, with a rainfall of one inch and eighty-eight hun-
dredths.
The thermometer has averaged
71,
Mobile, Alabama.—It has been showery on two days the past
week, and the balance of the week has been pleasant. The rainThe crop is developing
fall reached six-hundredths of an inch.
promisingly. Average thermometer 70, highest 88 and lowest 65.
Montgomery, Alabama. It has sprinkled lightly on one
day the past week and the rest of the week has been pleasant
and warm, The rainfall reached but nine hundredths of an
inch. The crop is developing promisingly. The thermometer
has ranged from 60 to 89, averaging 75.
Selma, Alabama. It has rained slightly on two days the past
week, and the balance of the week has been pleasant. The rainThe crop is defall reached twenty-six hundredths of an inch.
veloping promisingly and the fields are clear of weeds. The
thermometer has ranged from 61 to 92, averaging 77.
Madison, Florida. -AVe had rain on one day the early part
of the past week, bat 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
—
—
—
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
72, highest 84
—
—
—
May
26, 1881,
and May
27, 1880.
May
26, '81.
Feet.
8ew
Inch.
May
27, '80.
Feet. Inch.
2
2
Below blgb-water mark
4
3
11
Above low-vrater mark.. 22
7
14
Above low- water mark..
4
4
4
9
Above low-water mark.. 19
6
10
6
TloksboTK
Above low-water mark.
29
40
7
8
New Orleans 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 6-10th3 of a foot above
1871, or 16 feet above low-water mark at that point.
Orleans
.
Memphig
Kasbvllle
Bbreveport
Eluson &
Co.'s
CiECULAR FOE Mat.
received Mr. Ellison's circular dated
below
—We
May
:
Way- June- July- Aug.- Sept.
June. July. Aug. Sept. Oel.
Api
Spot.
Apl.
"
"
9
66m
63,a
22
27
May.
"
Ma
6':,j
SltiB 51»18
6»M
5a»3a 6
.l.52i.ia 5a»ag
6%
10
5.1I3,
5M.,j 5'^l«
52732 513,,
63i«
6'l8
5^
3
Sot.Dec.
6'i9
6133
5.'ll-2
5.if:,a
Oct.tfov.
5'.
5*lii
513, „! •lii^^
Showing a net decline of 13-32d. to T-16d. for this crop
9-32d. to ll-32d. for the next.
and
COURSE OF THE MANCHESTER MAEKBT, APRIL 9 TO MAT 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 daring the
past fortnight than it was earlier in the m^inth, 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 Md. to %d. per lb. in the mediam
descriptions of yarn, and l>^d. to 3a. per piece in the most
current makes of shirtings, lower than those of a month since.
MOVEMENTS DURINQ THE SEASON, OCT. 1 TO APRIL 30.
The deliveries to English and Continental spinners daring
the first seven months of the season compare as follows with the
figures for the corresponding period of last season:
area t Britain.
1880-81.
No. of bales..
Av.wgbt
Continent.
1879-80.
1,876,3;I0
1880-81.
1,823,710
1879-30.
1,077,020
1,613,720
(lbs)
4.53
450
435
432
Tot.WKbt(lb8)
Bales of 400
850,904,070
820,669,500
729,503,700
697,127,040
2.125,000
2.052,000
1,«24.000
1,713.000
lbs
Two months ago we
said that "It is always difficult to ascertain the correct rate of consumption. The above estimates
look large, but our impression is that they are too small."
are now satisfied that our estimates both for Great Britain and
for the Continent for the first part of the season were too small
have therefore
by about 1,000 bales of 400 lbs. per week.
added 26,000 bales to the aggregate figures given in our last
report thereby raising the English total to 1,779,000 bales,
instead of 1,753,000, and the Continental to 1,415,000 bales,
instead of 1,389,000. 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.:
We
We
—
have this week
and we give it
Great Britain.
Continent.
10,
1880-81.
:
COUBSB OF THE LIVERPOOL M.\RKET, APRIL 9 TO MAT 10.
Our last report was issued on the 9th uli. The market was
firm and had just advanced }^d. to 3-16d. upon previous low
rates.
Since then the tone has been quiet, with a moderate
demand, freely supplied. Up to Tuesday last (May 3) the tendency of prices, with slight fluctuations, was downwards, and
the rates current on that day showed a decline of 5-16d. for
spots and 5-16d. to ll-32d. for futures, from the quotations of
April 9th ; middling upland sinking to 5 13-16d. on the spot
and k© 5/4d. for May deliveries. During the interval the
market was adversely influenced by the continued heavy movement 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
many 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 May deliveries were going through the
Clearing House without any hitch. There was no general
belief in any immediate sustained improvement, however, and
a. quieter feeling ruled on Friday and Saturday
spot prices
ceased to harden and futures re-acted l-16d. per lb. Yesterday
there was increased weakness, spots lost l-16d. and futures
l-32d. to 3-64d. thereby bringing prices back to the low rate
touched on the 3rd mst.
To-day the depression has been
intensified by the failure of a large Continental firm, having
houses in Amsterdam, London and Liverpool, and prices have
riven way a further l-16d. per lb. for spots and l-16d. to 3-32d.
f
—
or futures.
Compared with the rates current a month since, the spot
quotations show a declite of %d. to 7-16d. in the lower and
6-16d. m the better grades of American Md. to %i. in Brazil
JSd. to ^d. in brown, and Md, to %d. in white, Egyptian
^d.
;
;
and 3-16d. to
in other sorta of Sarata,
The following is an account of the principal fluctaations in
the prices of middling upland on the spot and for for\«.rd
delivery during the past month
—
during the past week, the rainfall being but seven hu-ndredfhs
of an inch. We have secured a good stand of cotton. The crop
Accounts are generally vary favoris developing promisingly.
able, except that points where soil is light want raia, 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
^d.
in Broach, 5-16d. to
^d. in Bengal.
ranging from 54
to 85.
583 «Q
1879-80.
1880-81.
1879-80.
27,000
27,000 137,000
94,600
2,125,000 2,052,000 1,324,000 1,743,000
Surplus stock, Oct. 1
Deliveries to April 30
2.152,000 2,079,000 1,961,000 1,837,000
Supply
Cousumption, seven months.. 2,055,000 1,909,000 1,635,000 1,565,000
97,000
Surplus stock April 30
326,000
170,000
372,000
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 exports
of yarn 141,000,000 lbs., against 126,000,000 lbs.; showing an
increase of over 15 per cent in piece goods and about 12 per
cent in yarn. It should be borne in mind, however, that the
stocks in first hands were almost exhausted at the commencement 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 yams and goods is larger,
therefore, than that of the increase in the consumption of
;
cotton.
PROSPECTS.
At the moment, the market
tion of adverse circumstances.
is
being depressed by a combina-
The
large anticipatory business
done months ago by spinners and speculators is now being
liquidated, and as an important decline in prices has taken
place during the interval, the process of liquidation is to many
a very unpleasant operation. The fact of so considerable an
anticipatory business having been done, necessarily diminishes
the current demand the rate of consumption is unprecedentedly large, but the rate of baying is comparatively small,
owing to the extensive deliveries being made to spinners out of
j
previous imports and other speculative purchases. This diminution in the spot demand is the more potent in its influence,
as it occurs simultaneously with an increased and increasing
—
..
THE CHRONICLE.
584
stock. Then, as if the entire surroundings of the marlcet were
not already gloomy and dispiriting enough, exaggerated estimates of the new American crop are already being industriously
promulgated. A very similar state of things existed twelve
months ago, the lowest prices being touched in May. There
was the same talk of impending financial troubles amongst
speculators ; the same conviction that a farther 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 much more cotton in sight this
year than last but the rate of consumption is much larger,
while prices are Id. to 1 Md. in the lower and %i. 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 positions, again at the end of that month.
;
;
—
Baooino, &c. Bagging has not been taken
except in small lots, but the market is steady, and sellers will
not snade quotations, which are 9Mc. for lj4 lbs., 10@10;4c. for
2 lbs. and 10%@llc. for standard gardes. The sales are about
600 rolls, all grades. Butts continue to move, and the market
There have beeuT sales of 3,000 bales at full
is very firm.
figures, and the market closes with sellers quoting at 21 1-16@
2%c. for paper quality and 2%@3c. for spinning grades.
JnTE Bnrrs,
COMPAEATIVB PORT RECEIPTS AND DAILY CrOP MOVEMENT.
A comparison of the port movement by weeks is not accurate,
as the weeks in diiferent years do not end on the same day of the
month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement each month
since September 1 has been as follows:
the shipments from Calcutta, Madras, Tuticorin, Carwar, &c..
enable us, in connection with our previously-received report from.
Bombay, to furnish our readers with a full and compfete India,
movement for each week.
first give the Bombay statement
for the week and year, bringing the figures down to May 26.
BOICBAr EBCEIPTS AXD SHIPMENTS FOR FODR YBARS.
We
Shipments
Tear Beginning September
Monthly
Bept'mb'r
October.
1880.
1879.
1878.
458,478
968,31^
333,643
888,492
942,272
956,464
647,140
447,918
261,913
159,025
288,848
689,264
779,237
893,664
618,727
566,824
303,955
167,459
Novemb'r 1,006,501
Deoemb'r 1,020,802
January
571,701
.
February.
Marob
.
.
April....
572,729
476,582
284,246
1877.
98,491
578,533
822,493
900,119
689,610
472,054
340,525
197,965
1.
1876.
236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,194
1875.
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
week.
this
Shipments since Jim.
|
Year Great
ContiBrit'n. nent-
1881 20,000
1880 15,000
1879 18,000
1878 4,000
Oreat
Britain
Total.
Continent.
Receipts.
1.
This
Week.
Total.
30,000 56,000,199,000 371.000
46,000 61,000 264.000 341,000
23,000(41,000 183,000 235,000
30,000!34.000l-230,000 324,000
570,000
605.000
4 IS. 000
534,000
Since
Jan.
1.
810.000
852,000
623.000
693,000
13,000
62.000
35,000
35,000
According to the foregoing, Bombay appears to show a
deorease compared with last year in the week's receipts of 19,000bales, 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
CALOUrTA, MADRAS, TDTICORl!!, OARWAR. RAMOOO!* AND KURRACHBE.
Shipments
Tear.
Great
4,000
6,000
2,000
7.066
9,000
Shipments
this week.
Continent.
Britain.
1881
1880
1879
1878
sitice
January
Total.
Great
Britain.
Oonti'
nent.
1 i'obo
15,000
2,000
1J6,066
104,000
15,000
52,606
69,000
37,000
1.
Total.
208,606
173,000
52.000
ly
For the past few weeks we bave omitted fi-om the above table
(Calcutta, Madras, &c.,) this year's weeldy figures, as we found there
were inaccuracies in them as cabled to us. We are, however, making
new arrangements, imder which we hope
improve
also to greatly
Receipts.
XXXU-
[Vol.
uot only to prevent errors, but
feature of our report.
tliis
The above totals for this week show that the movement from.
the ports other than Bombay is
bales
than for the
same week last year. For the whole of India, therefore, the total
shipments this week and since January 1, 1881, and for the corresponding weeks and periods of the two previous years, are as
follows.
EXPORTS TO ECEOPE FROM ALL INDIA.
1881.
Shipments
Europe
to alt
from~
1880.
This
week.
Jan.
56.000
56,000
Since
1879.
This
week.
Since
Jan. 1.
This
week.
Jan.
570,000
61.000
11,000
605.000
208,000
41,000
15,000
418,000
173,000
570,000
72,000
813,000
56,000
591,000
1.
Since
1.
Total year 5,359,356 4,638,867 4,307,978 4,099,790 3,834,786 3,921,275
Pero'tage of tot. port
96-86
92-74
94-34
94-96
93-56
receipts April 30..
Bombay
This statement shows that up to April 30 the receipts at the
porta 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.
This last statement affords a very interesting comparison of the
total movement for the week ending May 26, and for the threeyeara up to date, at all India porte.
1881.
1880.
1879.
1878.
1877.
1876.
Tot.Ap.30 5,359,356 4,639,867 4,307,978 4,099,790 3,834,786 3,921,275
2,575
May 1....
S.
3,391
4,145
2,013
3,097
" 2....
8.
11,062
6,451
2,707
3,561
3,551
" 3....
7,496
2,455
4,612
7,161
1,675
4,906
" 4....
8.
7,317
4,633
2,032
4,512
3,098
" 5....
4,954
4,696
4,854
8.
2,032
4,76:
" 6....
6,798
4,017
3,936
5,164
8.
4,694
« 7....
6,174
4,282
2,726
4,062
6,213
8.
" 8....
S.
4,366
2,439
4.137
3,851
7,008
" 9....
8.
10,882
2,621
4,257
2,435
2,484
"10....
8,079
7,180
1,953
4,836
1,794
4,642
"11....
5,541
2,430
8.
2,925
3,575
3,478
" 12...
7,036
4,197
3,998
S.
2,489
3,394
"13...
3,573
11,438
4,211
8.
4,324
2,882
" 14....
2,890
5,214
3,161
3,390
4,167
B.
" 15....
8.
3,150
1,771
3,619
2,644
6,189
" 16....
9,045
8.
4,803
,3,232
2,075
2,786
" 17....
8,681
6,630
2,718
2,607
2,995
2,902
" 18....
6,311
8.
3,369
2,703
3,634
2,039
" 19....
5,199
5,658
4,074
B.
1,304
3,841
" 20....
7,965
2,612
4,097
4,140
8.
1,775
"21....
7,026
5,096
2,759
2,696
2,927
8.
" 22....
B.
2,781
1,541
2,915
2,756
4,394
" 23.... * 10,770
8.
1,484
2,129
891
2,427
" 24....
5,533
5,911
2,733
5,149
1,843
3,856
" 25....
6,614
1,999
B.
3,058
2,383
2,779
" 26....
5,068
4,913
3,913
8.
1471
2,235
" 27....
6,592
2,643
3,259
4,072
8.
1,519
An other p'rts.
Total
—
Alexandria Receipts and Shipments. Through arrangementswe have made with Mes-srs. 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.
Alexandria, Egypt,
May
5,530,131 4,733,928 4,382,513 4,185,014 3,896,997 4,006,262
*
A correction of
94-64
98-54
96-30
96-50
95-59
previous receipts of 4,832 bales added.
This statement shows that the receipts since Sept. 1 up to
U)-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.
the percentages of total port receipts which
May 27 in each of the years named.
We
add to the table
had been received to
Indu Cotton Movement from all Ports.—The figures which
now collected fo? us, and forwarded by cable each Friday, of
are
1879.
1880.
5.000
2,752,000
1,300
3,201.000
3.000-
1,583,000
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
1,000 230,750
139,632
3000 286.000
Exports (bales)—
To Liverpool ......
ToContiuent
This
Since
week. Sept. 1.
3,000 167,000
76,500i
1,200 171,744
1
Total Europe
A can tar is 99 lbs.
1,000 370,382
4,200 457,744'
3,000 243.50O
This statement shows that the receipts for the week ending
26 were 5,000 cantars and the shipments to all Europe
were 1.000 bales.
May
—
Manchester Market. Our 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:
1881.
8H
32« Cop.
Apr. 1
9
8
9
" 15
" 22
" 29
May 6
" 13
9
" 20
" 27
-a
-a
-a
-a
9'^
B.
d
A.
9
63l6
9
6
9=6
9
8'8a
s^sa
8=8®
8=89
858®
9h
91"
9I"
fl^i
91a
-38
-38
5HW7
ii
61 18
81s
5^n>7 8^
5ia®7 8^
5i2®7 81s
51337 8h!
51237 8 4;
8I4 lbs.
Shirtings.
32» Cop.
Iwist.
<ls
71237
9
8%®
UUl.
Tip
7"fl®7
d.
d.
d.
Mar 25 9
1880.
OoU'n
lbs.
Shirtings.
Twist.
"
Total
Feroeutag B of total
port reo't)ta May 27
1881.
26.
Keoeipts (cantars*)—
This week....
BiQce Sept. 1
a.
11
11
11
1012
6
5i5ie 10%
515,« lois
d
d.
IH2
Ills
im
a 11
® lO's
a 10%
9^ ® lOis
5?i
578
515|8
913
912
912
a 1014
a 1014
® 1014
The Exports of Cotion from New York
s.
d.
41238 3
41338 3
41338 3
11238
O 38
IQifi®" IOI2
9 ®7 9
712*7 712
9 -37 9
71337 7I2
this
Cotfn
Mid.
Vpldt
d.
738
7I4
714
7
616is
6I3i8
6iii(r
613ig.
6' he.
week show a
decrease, as compared with last week, the total reaching 11,8S8
Below we give our usual
bales, against 13,093 bales last week.
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since September 1, 1880, and in the last column
the total JEor the same period of the previous year:
J
I
.
.
Mat
THE CHRONICLE.
23. 1881.]
BSPORTSOF
FROM NEW YOBK glNCB
OOTTOJC (BALES)
SEPT.
1.
Same
Week eliding—
Exported to—
Uverpool
Other British ports
May
May
May
May
4.
11.
18.
25.
7,799
7,507
0,301
450
623
1880.
Total
since
period
previ'ut
Sept. 1.
year.
836
89
Havre
Other Freaoh ports.
Total French
715
37 31.912
263
263
37
33,401
2.50
815
32
1,034
95
200
32,587
18,975
2,825
1.G71
3,566
2,idi
36,628
19,003
39.058
Total to North. Eixbope 3,275 5.518 4,700 2,196
94,68t<
61,853
2,070
1,578
3,100
.
Other ports
Spain, Op'rto, Qibralt'r.&c
All other
100
1,600
23,051
13,291
3.618
l.COO
.
OsANO Total
12,119 11,131 13,093 11.888 479,538 181,182
FoLLOwitra are thb RECBipra of Cotton at New York,
Boston, Philadelphia aad Baltimore for the past week, and
The
Bince September
1,
8all...d.
Do
Bremen, steam,
Do
This
Since
week. \Sept. 1.
I
Baraanah
Mobile
'""2
. .
Florida
.
Boston.
This
week.
I
Since
Se]>t.
S.Ciir'liiia
N.Car'liiia
666218,333
Virginia
Kortli. i>ts
Teun.. &o.
Foreign
.
419
4,849
541 140,636
15l! 40.320
.
2l!
4.875
3,978 162.306
557
3,937
Do
1.
Philadelphia.
Baltimore.
Since
This
This
Since
week. Sept.l. week. Sept. 1.
7,220
3,391
26,185
8.205
2,102
t
1
1,302 61.539
2,813 156.021
1,082 115,218
33
129
1,434
56,506
2,534 52,227
1,921
18,721
19,220
91,902
132
36,926
1
2.634 78,403
3,063 223,406
5,708 102.028
1,007,411.
583 83.591
2.329 175.033
Total bales.
Hew York—To Livernool.
per steamers AJeppo, 500
Baltic,
349.... Britannic, 213. ...aty of Paris, 92. ...Italy, 1.190
Meniuon. 1,804.... Nevada, 1,558. ...Parthia, 417....
... per bark Boyal Alice, 3,232
9,655
To Havre, per steamer Pereire, 37
37
To Bremen, per steamer Main, 95
93
To Antwerp, per steamer Daniel Steinmacn, 100
100
ToRoval. per bark Rosenlus. 2.001
2,001
Hew orlea.ns—To Liverpool, per steamers Andean, 3,221....
Astnrlauo, 4,250
St. Louis, 2.883
per ship Bombay.
1,950
12,304
To Bremen, per ships Frledrioh, 5,631
Margarethe, 3,838 9,519
To Reviil, per ship Ankathor, 2,823
2.823
To Cronstadt, per bark Froihik. 1.200
1,200
To llelsingftira, per bark Ki-eiUik. 1,300
1,300
To Genoa, per bark Kmilla T, 2,266
2,268
To Siileino. per oai'k Gouernso. 1,402
1,403
To Trieste, per bark Maiiuocla Guida, 2,248
2,213
To V>ra Cruz, per steam-jrs City of Merida, 750
Whitney,
563
1,313
avannah—To Barcelona, per bai k Neptune. 549 Upland
519
Texas To Liverpool, per ship .James Punoan, 2,397
per
barks Kosmripoliet III., 4.122....Nadla, 2,093
8,612
T.) Havre, pet barkcntino T. S. B,, 1,136
1,136
NORKiiLK— To Keval, per bark Jacob Aall. 1.900
1,900
BALriMORB— To LiverpDjl, 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
PmniiELPiiiA— To Liverpool, per steamer British Crovrn, 2,040. 2,040
aA» Francisco—To Liverpool, per ship General MoClellan, 85
—
Do
Baltic,
'
.,
Liver-
Norfolk
Baltimore..
Boston
Philadelp-a
6.Franci80o
and
Bre- llelsing- Sal-
Vera
Havre,
erno. Triesle. Cruz.
- vien." fors.
37
95 2.001
9,519 5,323 3,663 2,248 1,313
Of which exporters took
Of which speculators took..
e.xi>ort ..................
1,000,000
Of which American— Estim'd
week
Of which American
767,000
70,000
65,000
253,000
143,000
Of which American
Market,
12:30 p.M
Saturday Monday.
}
1,136
Harden'g. Harden'g.
1,900
1,715
1,003
2,010
85
1,475
;
Below we give
all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
B-VOC Train, shin, from New Orleans for Liverpool, before reported
be K'lied at llavana in a sinking' condition, having been ashore on
I
the Tortugas, will be couiloniued, as the divers report that she
cannot be repaired. The sound portion of Uor cargo will be lorirardcd to destination.
May 27.
Mid. Upl'ds
Mid. Orl'ns
Market.
5 P. K.
Wednes. Thnrsd'y.
Inq.
Firm.
freely-
Steady.
supplied.
5
5I61.
5.5,«
63,000
4,700
3,900
50,000
5.300
17,500
930,000
707,000
126.500
14,500
239,000
119,000
Friday.
Mod.
Ina.
freelT
supplied.
515,.
|-I.
12,000
1,000
10,000
1.000
10.000
1,000
Dull.
Dull.
6
(
\
lO.OOO
1,000
Bales
Speo.&eip.
10,000
1,000
12,000
1,000
Futures.
Dull,
Market,
5 p. H.
Firm.
Dull.
Dull.
and
steady. _
same week are given
The aotual sales ot futures .at Liverpool for the
below. These salct are on the basis of Uplands,
unless otherwise stated.
Low
Middling clause,
Batcrdat.
Delivery.
d.
Delivery.
M»y
S3I32
Delivery.
d.
Sept.-Oct
Nov.-Deo
June-July..6»53»,i2»S JSB.-Fcb
61 18
May
Juiy-Aug
6''j3
Aug. -Sept
May-June
5'i.i2
tf.
5»i32
5S'32
sasji
May-June
July-Aug
6
Sept.-Oct
6
Aug.-Sept
6Bja
SSIj,
SSlsj
5313a
Aug.-Sept
6
633J
63i8
MONDAT.
May
May-Jiiue
June-July
July-Aug
Aug.-Sept..
..
May
May-June
June-July
July-Aug
Aug.-Sept
6
9
6
61i8»333
6»32®3jj
Sept.-Oct
531.13
Uct.-Nov
Nov.-Deo
513i8
53532
6I18
July-Aug
I
I
I
May
May -June
June-July
TUESDAT.
6
6
6
I
6
May-June
6
6
Sept.-Oot
lOct.-Nov
Nov.-Deo
May-June
fi'io
6033
May
I
6
Sept.-Oct
513i8
55i
June-July
Mav
53 133
Oot.-NoV
5313a
SSi^a
5313a
526ja
I
Wednesdat.
6ij8
Oct.-Nov
Aug.-Sept.. ..63i6'»633 Nov.-Deo
33I33I
Sept.-Oot
July-Aug
I
June-July
51S18
5%
Thubsday.
6
I
Sept.-Oot
Oct.-Nov
Nov.-Deo
6633
Fridat.
June-July
6
6f>33
Julv-Aug
53I32 July-Aug
5I3i6 Aug.-Sept
May-June
53I32
Total.
9,713
1,900
3,190
1,063
2,040
85
37.,500
253.000
147.000
Ttiesday.
Mod.
I
May
53I33
52532
53I32
6I18
6I32
6»e
51*16
1
July-Aug
|
Oct.-Nov
6]ig
5l3i«
May-June
JuneJuly
SiSjg
5'^i»
Sept.-Oct
516;
Nov.-Dec
5"
%i
BREADSTUFFS.
519
8,612
55,000
3,600
3,400
47,000
6,800
14,500
974,000
746,000
43.000
20.
63.000
5,500
5,600
53.000
9,000
10,000
983,000
735,000
85.000
08,000
221,000
118,000
The tone of the Liverpool market for spots and futures each day of the
week ending May 27, and the daily closing prices of spot cotton, hava
been as follows:
11,888
31.373
Total... 35.174 1,173 11,089 9,224 3,668 2,243 1.313 61,838
Included In the above totals are, from New York to Antwerp, 100
and from Savannah to Barcelona, 519 bales.
Bales
51,000
3,300
3,100
45,000
6,500
20,000
bales.
May
May 13.
MayO.
week
Sept.-Oct
Oron- Oenoa
statlt (£
» M»'»«t
—
June- July
Aug.-Sept
Xeval,
»is
LivBBPOOL. By cable from Liverpool, we have the followlag
statement of the week's sales, stocks, &c at that port:
The particulars of the.se shipments, arranged in our usual
form, are as follows:
Savannah
Texas
sis'
"1«
03a»l»M »a»ai»M »»2»1»M »3aO'»M
e.
Compressed.
64,833
pool.
d.
sail
June-July
Aug.-Sept
«...
H
>9
8ail...(f.
steam
85
(foreign)
NewYork.. 9,655
N. Orleans. 12,301
'ig»'«
e.
Total import of the
43
665
V
'is®'*
.e.
Total stock— Estimated
—
„
H
Forwarded
3,213
100 22,962
Shippisto News. The exports of cotton from the United
States the past week, as per latest ma.il retarns, have reached
•4,838 bales.
So far as the Soathern ports are concerned, these
are the same exports reported hv 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:
Total
>S
sail...d.
Spot.
1,035,413.
e.
A.mst'd*m, stoaiu.c.
Sales of the
5,619330,310
This year. 11,389,
Lastyear. 13.904
832* '31
>«•
Hamburg, steam.d.
Actual
2,101il»3,906
1,512 100,574
1,8511225,537
N. Orl'ans
Texas....
"et9H
c.
sail
Pri.
"«4«>4
11^314
»«*
sail
Thurs.
Wednes.
Tutt.
1*32 ^^33
1880:
York.
JV^ew
from—
Do
373
3,781
Man.
Salur.
Liverpool, steam d. Il64'3>4
Do
Total Spain, 4o
Beceipla
Cotton freights the past week have been as follows:
Havre, steaiu
715
Hamburg
filled with water; she has been surveyed and will be repaired
without dookiug. The forward compartment contalaed no oai^.
23,051
1,489
925
Bremen and Uanorer
PaMBROKE, steamer (Br.), Boston for Liverpool, was in oolllslon with
steamer Ganos from Mant.iiiza.') for Botcou, on the 20tli lost., when
20 miles east of Boston Light. The (ianos sunk In Ave minutes.
Tlie Pembroke Iiad bow datnagod and her forward eoiupartment
9,655 328.683 361.702
19,117 24,795
Total to Qbeat Britain 8.219 6,301 8,130 9,655 347,800 389,497
585
Friday, P. M.,
May
27, 1881.
market shows further and general improvement ia
prices during the past week. The demand has been good»
both for export and consumption, and orders for desirable lines
have not been readily filled. The low 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 fully stistained.
The wheat market has been excited and unsettled, Jhrough the
operations of a partial " corner" on June contracts here and at
The
flour
Chicago, which has caused severe
lo.sse8
to " outside" specula-
—
:
Rail and lake shipments from
same ports for
The very
Week
ending—
Corn,
free
;
;
;
for July, closing at the higher figures
No. 1 white
en the spot,
;
remaining nearly nominal at $1 23^@$1 24)4,
f 1 .23 for June, $1 22 for July ; spring wheat is also nearly
nominal, but sold on the spot yesterday at $1 16 for No. 3 and
fl 22 @$1 23 for No. 2.
Indian corn has been in demand, and Western mixed has
bronght more money. The apprehension of some scarcity before the next crop can become available seems to have had
some foundation. To-day the market was strong, 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
fair trade, but 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
[ToL.
whcm came from
the Stock Exchange and finanmovements of stocks from store,
mnd 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^
®f 1 27M on the spot, $1 25)6@|1 26^ for June, and f 1 23)6®
most of
cial centres.
f 1 24^
:
THE (CHRONICLE.
58fi
toip,
::
:
May
May
May
AprU
Wheal,
Flour,
bush.
oots.
21... 174,690
11... 90.181
7... 122,353
30... 166.609
2,812,814
2,006,625
2.081,328
1,187,940
Tot.,4 wkg.554.033
4 w'ks'80. .487.817
xxin.
last four
weeks:
Rye,
Barley,
Oats,
bush.
bush.
2.374,914
1,663,638
2,380,913
1,993,903
943,608
371.964
439.243
500,062
bush.
biish.
53,802
27,384
47,987
53,695
8,088,707 8,424.434 2,262.877
5,749,929 10,181,005 2,736,807
38,107
21,733
23,339
37,070
182,868 122,249
249,429 197,616
Receipts of flour and grain at seaboard ports for the
euded
May
week
21:
Ftmir,
At—
Wheat,
hush.
bbls.
New York
Com,
Oats,
bush.
bush.
Barley,
bush.
73.923 1,594.412 3,373,335 210,o25
34,767
30,130 193,310 43,125
1,800
5.250
2,500
17.831
120,460
76,620 63,304
13,520 391,508
201,900 79,256
17,459 417,225
62.800 23,000
14,178
913
27,018 22,428
Boston
Portland
Montreal
Philadelphia
Baltimore
New Orleans
bush,
37,400
2,500
27,410
1,200
74,033
1,300
1,500
430
173.528 2,554.647 3.940,883 446,438 41,100104,673
Totalweek
week '80.... 185,079 1,655,407 2,563,670 619,235 11,881 108,452
(Jor.
Total receipts at same porta from Dec. 27 to
four years
May
21, inclu-
sive, for
1881.
5,168.425
bbU.
Flonr
1880.
3.419,990
1879.
3,991,943
1878.
3,390,177
85,902,266
82,270,899
following are closing quotations:
Flour.
*bbl.$3 40» 3 90
Ho. 2
4 50» 4 75
WiDter Buperflne
4 2.5^ 4 50
BprlDg superfine
Bprine wheat extras.. 4 85ai 5 15
do XX and XXX... 5 30» G 50
Wis. & Minn, rye mix. 5 50» 5 85
Winter shipp'K extras. 5 153 5 60
do XXandXXX... 5753 675
6 503 8 25
Patents
Sroin.
Wheat-
$112 3127
115 3130
Spring
Bed winter
Bed
winter, No. 2
Wliite
West, mixed.
Wost. No. 2, new.
Western yellow..
1 26^4
Total grain
....
73,403,250
83,303,717
al 27 "4
The following statement, prepared by the Bureau of Statis1 16 31 26
Com—
55 3 59^ tics, will show the exports of domestic breadstnffs from the
58 3 59
undermentioned customs districts, during the month of April,
57 3 60
Western white ...
58 3 62
and for the ten months ended the same, as compared
1881,
South,
yell'w.new
15
extras.
103
6
58
3
60
sliipplDK
5
Caty
South. white,new
63 3 66
Boutbem, bakers' tuid
with the corresponding months of the previous year:
00
Rye
6
253
7
109
3114
brands
family
44 3 46
Bouth'n ship'g extras. 5 403 6 00 Oats—Mixed
55 CD
W^03
—o a
o o
o•
Wliite
48 3 53
Eyeflonr, supei-ilne.. 5 503 6 00
«• e+SB p p zr< g
Barley—Canada W. 100 3112
.^5 I'
Com uieal
State, 4-rowed
2 853 3 15
3....
Western, &c
'ros
o» o
State, 2-rowed
V'£>>
3 303 3 35
3....
Brandywine, Ac
- - tJ'd
Peas—Can'da.b.&f
3
Bsaa
bb5S;
(From the " Ifeie York Proditee Exehanae Weekly.")
o o- ?
X £
? F Ml-'
Receipts of flour and grain at Western lake and river p irts
© © ODCC
(b 9 CDCO
B B COQO
for the week ending May 21, 1881:
g,0.9t
©© * *
«
?
Sarley, Rye,
Wheal,
Com,
Oats,
Flour,
^
1
(.+
-0
»
:
I
•
;
bbU.
(196 ras.)
60.637
At—
Ohioago
Milwaukee
bush.
(60 lis.)
181.323
108.438
lf>5,380
920
220,961
46,517
15,500
219,086
16,200
Toledo
6,437
Detroit
879
Caeveland
8t. Louis
Peoria
26,170
5.065
bush.
(56 lbs.)
bush.
bush.
bush.
(32 lbs.) (iSlbs.) (56 lbs.)
955.159
20,600
280,222
9,821
44,500
635,210
405,225
708,197
93,2.30
29,728
6,136
21,660
155,145
306,475
55,513
36,876
2,050
1,782
11.612
9,585
13,000
4,050
1,460
9.450
.
.
»':
•ev
aa;
:
»\
'
•o-o
3.a:
;
CDOOCDGC;
©cc
Dnlnth
Total .... 208,546 884,967 2,100,737 1,320,531113,271 32.107
Same time '80. 110.252 1,262,516 3,826.109 993,819 71,G47 66,695
Total receipts at same ports from Dee 27 to May 21, incluBive, tor
Fionr
fonr years
Wbeat
busli.
Com
Oats
Barley
B^e
Total RTain....
1881.
3,382,970
2,569,194
15,144,458
34,197,999
12,403,960
3,481,017
687,535
17,002.781
52,300,549
10,121,321
2,262,420
834,419
22.485.393
31,211,969
10.032,578
2,138,846
1,211,654
66,917,964
82.571,490
1879.
May
1 to
Elom-
bbls.
21, inclusive for
1880-81'
7,057,100
#>-©co
<icn
a.
OCO
p©w*»
rfi-tOCOW
X
©
XXh-'CO
24 680.397
33,030,279
9,590,733
2,606,306
1,647,224
67.080,410
71,555,539
C/t c;"
QOOCSK)
M- 'Oil-
o;
cj»o;
tOOfF^CO
I— CCtOO"
wooctcicch-
*>'aK;x
CO cj*
M
weep re
W tC O OT
*»
CD
tOtOt--"
;
w'tobs'^
(f-ODC;
CJtXt-tC
xotro"-"
1878-79,
5,313,750
X
MM
10
"Ip-c)i©xb>
I— WXX(tcc
_^ CO QO^
kf to btlo
X
©©
oo--txxxmxcncc
©©O'tOrf^OtOXCO
xooo5_;-*wp'
cs^rf^ccV-w
©M-JtO
©XH'C;^
CO#-MM
r-K*>-XtOW
four years:
187S-S0.
4,402,275
M
©WM
C3 pt QD
©MCJi't'
1877-78.
5,154.036
COMXtO
to
<I
X CO © o<
"
Cj©X"QDXtOXCC
©top 5©'r^X0DX
SCn^XMa
x^©
©IC^©I -tOXXtOrf*
toco
Wheat
68.341,296
94,984,907
34,533,465
11,371,839
3,149,341
67,458,650
70,140,323
17.917,240
9.397.851
3,358,715
78,534,159
71,282,364
25,992,590
9,180,592
4,167.997
68,166,289
69,119,895
22,022,290
9,085 166
3,621,041
Total Rrain.... 212,380,843
168,272,779
189,207.702
170,997,680
^^uTn....
g-sJCO©
1878.
2,381,642
Comparative receipts (crop movement) at same ports from
Angnst
^ M fx x
'-'
OXH'X
1880.
2,229,383
bbls.
tO«©M
MXCIXUW
bosh.
.
.......a
Oats
Barley
Bye
©rf.COi>^
tota
—
cj<
a;;ix.
Wheat
Com
bbls.
bush.
,
Oate
Barley
Bye
,
Total grain
,
1881.
3,291,495
1880.
2,010,034
1879.
2,698,513
1878.
2,363,221
16,194,785
27,534,316
10,737.111
1,865.399
930,317
14,823,797
38,498,383
7.794,661
1,466,309
770,479
18,323,272
25,606,639
7,391,396
1,863,021
1,053,116
21,933.632
27,131.470
5,318.860
1 ,452,720
1,293,296
57,261,928
63,353,629
54.242,474
57,140,028
Week
May2\.
floor
...bbls.
131,490
1880.
1879.
1878.
Week
Week
Week
May 22.
May2i.
80,116
95,271
May
Wheat
Com
Oats
Barley
Bye
Total
181,089
496,318
661,573
51,597
17,230
1,233,910
521,910
54,996
33,526
..-• 1.753,217
1,437,857
2,470,084
1,957,051
O X
-^l
§2
©©CO©©'
rf^
X((kXC
cocoioto
©^xx
Ci
O CO CeU' CO
oaa-joxjotox coo:
y>
rf!^
ooc;'-JOh-xc:itc (DC
co^x
tP-CO
X©tOM
ODpOCOCJi
M X X X X ^ M C -^
O to to ^ CO Xi X Ut X X CO
*-
©x©©
Mc;ih--J
©M^M
M> c;t wc;"
©: ©yicox,
-A- ©to ©to
iP.
Ui>&.XXC;'^OC0O3:—
'
-
•c^coto©
M.
«
CO
c X c: c to
xto loiocoyicotocixtc
co-^ ^ixp^ioaixxcc
OCO Vj CO
<i
*-!
rf*.
o"u<
O Ot 00©
rfi-tococoaj^xxo-'
c;«»c
C0X©10CCXXC0©
tO©©»(^
OitOXtO
a
?i
lf*©-^CO
©to --31"
XX©M
bixrf>>w
totcrf^-o*
xx — x
25.
407.202
532,720
720.386
50,802
35,107
..bush.
CO
tOCO-JXC
M
CnxXM
tOH-
73,979
369,983
900,705
620,920
27,018
38,365
©XOiX
©©
-^X
© to CO -- wT CO * Q.I-' ^ X
O
X © © to OT ^1 © X X
*k.pcox**©jo^i xxu
I-*
62.5,712
©*"
p ©p ©
Rail shipments from Western lake and river ports for the
weeks ended
1881.
XX*'!C0©->3X
Comparative shipments of flour and grain from the same
ports from Dec. 27 to May 21, inclusive, for four years:
nour
©tOM©
©low©
COCJCiCD
xx©c;'--ilo^^to'^x
»t»
*
©
M©
CO 3S -^
QD H^
tfc-
--1
t-*
*^
10
X^C©
XX C
O''
©^IM
© *1 in ©
xcopp
*©wxx
X © ~ K-
x©c;'cc
Included intlie foreKOtug totals are the rejwrta from Mihvaukee,
Portland, Ricliiuoud and WUlamette, the details for April;
1881, being as follows
New Haven,
I
1
Mat
THE CHRONICLE.
38, 1881.]
Barm.
kee.
Witlam-
Rich-
Portland.
MiltBau-
Barley—
mond.
to Argentine Republic, 85 to Venezuela, Sic),
$
exporU
Indiau cornBushels
Value
Indian com
Barrels
20,966
13,608
9
meal-
10
80
663
Value
2,150
9
Oato—
Bushels
Value
Bushels
Value
Bushels
Value
Wheat flour-
.$
.
238,570
250,070
17,500
21,000
417
21,000
48,500
10 months1881
1880
118,220
97,210
2,450
9,575
65,333
13,167
92,567
35,814
145,634
4,600
4,450
320,012
414,583
02,567
160,339
242,924
183,958
Barrels
Value
Total valuesApril, 1881...
April, 1880...
43,565 1,258,433 1,430,901 2,053,249
62,923 1.061,972 1,414,408 3,926,570
9 352,594
9 723,503
Exports from United States seaboard ports and from Montreal
week ending May 21, 1881:
Ri/e,
Peas,
OaU,
Flour,
Wheat,
Com,
bush.
b»uh.
biish.
bush.
From —
bbU.
bush.
2,604
483,003
9(51,725
2,342
5,533
90,318
New York
for
Boston
Portland
Montreal
34,684
139,003
35,000
11,388
2,062
18,680
167
156,725
177,946
198,583
60.000
184.628
165,738
Total for w'k 163,299
1,221.160
2,189,685
PhUa<lelphla.
.
Baltimore
New
Orleans..
Bame time
'80.
108,833
234,835
32,014 32.012
1,186
1,380,291 34,354
1,750,504 92,788
5,533 237,139
41,665 91.956
"^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:
Barley,
Rye,
Wheat,
Corn,
Oats,
bush.
bush.
bush.
bush.
In store at —
bush.
41.247
31.570
1,291,097
281.079 521.060
New York
63.000
34.000
Do. afloat (est.)
505,000 1,078.000 162,000
23.000
9,000
12.000 112,000
Albany
5,000
2.958
27.619
Buffalo
397,358
593,465
7,278
96,S26
30.575
Chicazo
4,128,374 2,500,9811,411,889
145,946
7.417
Mdwaukee
719
63,768
2, 100,05
5.O0O
Duluth
1,266,000
368,981
221,158
37,450
12,000
Toledo.
2.500
30.881
Detroit
225.498
5,069
38.000
50.000
78.000
50,000
Oswego
476,314
1,184
3,47«
136.233
28,7S2
Bt. Louis
2.806
598
5,008
Boston
4,859
94,875
7,691
39.555
Toronto
172,753
17,836
43,421
Montreal
48.493
3,629
72,400
75.000
FhUadelphia
253,347
317
11,238
Peoria
29.607
186.422 180,630
103.100
40.200
Indianapolis
151.900
Kansas City
79,423
55.840
9,249
111,109
Baltimore
4o8,806
440.74.>
289,656
Down Mississippi.
41,307
OnraU
1,290,838 1,231,780 804.089
51,203
3,000
On lake
2.115,956 1,401.479 222.219
Canal
1.105,000 2,222,000 110,000
30,000
Tot.
May 21,
737,502
856,326
'81 16,561.830 11.233.009 3.721,218
May 11, '81...
May 7, '81...
April 30, '91...
April 23. "81
22, '80
May
,
,
Ist,
16.277,622
17.656.198
18.526.123
19,820,832
19,608.499
11.017.188
11.879.m61
13.034,709
12,820.183
13,146,390
tone of the market is anquestionably strong. Print cloths
were very active (488,000 pieces having changed hands during
the week) and prices continued strong, closing at 4c. fur extra
64x64s and 3 9-16®3%c. for 56x608. Prints, lawns and printed
cotton goods ruled quiet in first hands, bat a good trade was
reported by jobbers, and ginghams were freely distributed by
agents and jobbers alike.
—
Domestic Woolbn Goo»b. The market for woolen goods has
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 sailings were
in fair request by new buyers, and there was a steady inqaiiy
for moderate-sized parcels of worsted coatings and overcoatings. Spring cassimeres, &c., ruled quiet in first hands, bat 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 some 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
canal.
Foreign Dry Goods were mostly quiet with importers, and
the auction rooms presented no special features of interest; bat
a fair business in grenadines, buntings, and other light dress
was done by jobbers. Medium and fine black and
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.
fabrics,
Imporlallous or Dry Good*.
The importations of dry goods at this port
May
ending
222,909
400.353
339.587
298.288
402,550
3,154.761
3.190.602 1.091.77,5
3.161.200 1,276.178
3,217,537 1.440.075
2,128,556 614,086
and since January
26, 1881
The tone of
goods market has consequently assumed more firm-
connection were large in the aggregate amount.
and prices have been advanced
in not
1,
for the
week
and the same facts
for the corresponding periods of 1880, are as follows:
267.5.'>7
PWOAT. 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
ness,
total
the corresponding period of last year. There was an actire
demand for brown and bleached goods at first hands, and prices
were slightlf advanced, not only on low-grade fabrics, bat also
on some of the best corporation makes. Colored cottons were
H w
Ss £s
c:S?'|2.5,
»: §
'-n
B
g:
1;
:
;
THE DRY GOODS TRADE.
the cotton
making the
59,907 packages, against 38,346 for
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
9
Wheat-
January
since
also in
9
Bye-
Britain, 214 to France (Marseilles), 219 to U. S. of Colombia, 91
etie.
Bushels
Value
687
00 00
C. oj
1
It.
It-,
o;
O to
oto
h-K*
tot-'
^QDXO'IO
tt-tOto^nO)
§
:
1:
:
H
;
;
3
cntoo;:c*'
O Qi
>
t-* >-»
CO to I-*
I
00 OS
^1
OOOflDQD^J
01 to
onto
o; 10 C!
X^
Cl *f^
00 ot
a few instances,
^
00 to
01
to en 0; o<
-^t
rf^
OS
jO— p— p^
Cnwcoacn
—
*- *- -r
QD
CO 0: ic :2 :s
en CO to CO to
<9aDtOCI>01
owing to the meagre supplies on hand and the rising tendency
QDMCnaW
at first
hands for
prints, lawns, dress
goods and other season-
able fabrics was quite moderate, but
ginghams continued
good request, and a considerable business
oco
heavy
shirts
O»-3Otl0
tOC'
Vice to to 00
00 01
cccn'-oci^
OtOOlOrf*-
l^)(*-OlO0O0
o« 00 :rf" CI to
tjarf^0D<i
Is-.
to P»*
Ori^tO>-<Ol
<(>>
<-•
ioo'totww
'-'
toot
to»
WtO
!
00
OS
w—
*«.
^ to to (t-^
H*
QOCO<-''-«U
in
tfa
tJ
Of.0 ->)
OOP
hU-JDUClCn
00"-*tOO
tooos -co
00 *.
CO to
*- OJ
^ -4
i(^
CO
and
drawers was done by manufacturers' agents.
lOOi
trade was moderately active for
00 Vi
The jobbing
the time of year, and large
MIC
01 en
quantities of staple
acot5i(>>co
uu
to CS
OO
CO O O to 01
ooppoj
CD QD
in
lo'-UMaco
&i
05MCi*^W
icao
The woelen goods market has not materially
changed since last reported upon, but there was a fair movement in heavy clothing woolens, partly as the result of new
business, but chiefly on account of former orders. The demand
of the staple.
toc:i*'H-o
toco
Mt^-COM
<l-C,_MtO
ppai<irf*
0';-4pwp-6fi
CStJ»*J<l*-
Oct — OiCW
Qt
COC0OD,f>^Cl
X 'J <i oa
Mtfi'Wwcn
CO
'bw CO 30
xoo-rto
and department goods are evidently pass-
ing into consumption, judging by the constant
demand
for re-as-
Domestic Cotton Goods.
—The
to CO CO '^ 00
Pi-""
00
sortments by retail buyers.
00 -J
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,
OQO
to
Ot.-J
>;.
:o r^
CI to
Brazil, 227 to
Uruguay, 234 to Great
Co'd-OiM"-!
-q
ACUIOO
ClCOCiOOtffc
WM
CI to
WM
OOiOtP (0
M OO w 01
oitotoox
^1
tJVippp
crwlolocn
wp^opw
U
Xo
I-' iP"
2,457 to China, 261 to
OLi
pp
rfk.O-t
tu.
ClOiODCi'CO
!-•(-»
ClOD
MIOff^CDtO
lO^^CT©-'
to CCOD«
I?
:
TBE CHRONICLE.
688
&
Drexel, Morgan & Co., August Belmont
BANKERS,
WALL STREET,
COKNKK OP BKOAD, NEW YORK.
Drcxel, Harjes
He. 84 South Tbibo 8t
31
Boulevard
Nos. 19
&
C*
DepoflltH received BUbJoct to Draft.
Ac. oouglit and sold on Coinmlseion.
BecurltleB. Gold,
Interest allover
AttoB'Nsys and Agkntb or
No.
moRGAN &
a OLD BROAD
Brown
No. £9
ST.,
CO.,
LONDON.
Brothers
WALL ST.,
&
N.
Co.,
IT.,
OiaotTLAR
Issne Commercial aud Travelers' Credits
jy SIERLINO,
J.
AVAILABLE IN ANY PART OF THE WORLD.
OF mONKY
and other countries, througli London
and Paris.
Uake Collections of Drafts drawn abroad on all
points in the United states and Canada, and
of Drafis drawn in the United States
on ForelK O Co untrlea.
Between
S.
this
&
G.
£3 WALL STREET, NEW YORK.
28 STATE STREET, BOSTON.
&
Stuart
YORK.
Issue Letters of Credit for Travelers,
Payable in any part of Europe, Asia, Africa, Ausand America.
Draw Bills of Ezcbange and make telegraphic
tranafera of money on Europe and California.
SmiTH'S,
COUNTY BANK,
MANCHESTER
ic
MANCHESTER, PAYABLE tS LONDON
;
ULSTER BANKING COMPANY,
&
BOSTON, MAa«.,
Cor. Wall and Nassan Sts.,
New
York.
KDINBURO, AND BRANCHES!
Hilmers,McGowan & Co
IN
Foreign Excliauge, Stoclis and Bonds,
63 Wall Street, New YoHi.
Special attention paid to orders at the New York
Stock KxchanRe and New York Mininjj Board.
The Nevada Bank
SAN FRANCISCO.
New York Agency, 62 ^Vall St.
SURPLUS, mVESTED IN U. S. BONDS,
84,000,000
able in any part of the world. Draws Exchange,
ForeiKU and Inland, and makes Transfers of Money
by Telegraph and Cable.
COMMEKCIAL AND TKAVELEBB' CBEDITS.
THB
Anglo-Californian Bank
CORRESPONDENTS :
BARING BROTHERS & CO., London.
FERIER FRERES &: CO., Paris.
tfc
(LIMITED).
LONDO.N,
EW YORK
N
Knoblauch
Lichtenstein,
RANKERS,
St., cor.
Excbange Place.
NEW YORK.
UaEe Teiegrapblc Money Transfers.
Draw Bills of Exch.uige and Issue Letters
all
No. 52
Buy and
Angel
Office, 3
Cottrt.
Office. 422 California St.
Agents, J.
& W.
oi Credit,
principal cities or Europe.
Selierman
A Co.
Saih
,
>
.
Grant commercial and travel era* credits, negotiate
toens, make advances on morchandise, and transact a general nnancial commission business,
COBBXgPOXOEXTg
NEW YORK AND
& CO.,
BOSTON.
•
WALL STREET.
sell
Francisco and Chicago.
and other banking business tran^
D, A. McTA VISH. j .„„».
(Agents.
W LAWSON
Bank of Montreal.
CAPITAL,
SURPLUS,
$6,000,000.
1,700,000.
$12,000,000, Gold.
6,000,000, Gold.
-
GEOKQE STEPHEN,
C. F.
President.
8MITHERS, General Mana|;er.
HEW YORE
Noa. 69
&
OfFICE,
61 IS^ALL STREET
WALTKR Watson, { Agents
»»«„*•
ALBX'R LANG,
f
Buy and sell Sterling Exchange, Francs and Cable
Transfers grant Commercial and Travelers Credits
available in any part of the world; Issue drafts on
and make eollections In Chicago and throughont
the Dominion of Canada.
;
London
Office,
No. 9 Rlrehln Lane.
Foreign Bankers.
Nederlandsch Indische
Handelsbank,
AMSTERDAM, HOLLAND.
Established in
1863.
Pald'-Up Capital, 12,000,000 Gullden
($4,800,000 Gold.)
HEAD OFFICE IN AMSTERDAM.
Agencies
li, Batavla, Soerabaya and Samarang.
Correspondents in Padang.
Issne commercial credits, make advances on ship*
ments of staple merchandise, and transact othei
business of a financial character In connection with
he trade with the Dutch East Indies.
BLAKE BROTHERS &
CO.,
Agents fob Nobth America
18 wall street, new york.
iw state street, boston
IGNAT2 STEINUART, J Managers.
LILIENTHAL, Cashier.
Canadian Banks.
PARTNERS
LAKE BROTHERS & CO., Boston and New York
BMIL HBINBMANN,
London.
BARRON BLAKE,!
BLAKE BBOTIIEBS
-
Transact a general banking business. Issue Commercial credits and Bills of Exchange, available in
all parts of the world. Collections and orders for
Bonds, Stocks, etc., executed upon the most favorable terms.
FRKD'K F. LOW,
Im.„.„„.
P. N.
SPECIAL PARTNER,
DEUTSCHE RANK, Derlln.
Blake Brothers & Co
L.ONDO]V, ENGLAND.
Authorized Capital, Paid up and Reserve,
,..„t,
Agents.
S
Sterling Exchange and Cable Transfers. Issue demand drafts an Scotland and Ireland,
also on Canada, British Columbia, Portland, Oregon,
BOSTON Correspond'ts, Maeaaohusetts N. B'k.
&
B9 WllUam
Head
SAN FRANCISCO
CO., Berlin.
)
JB.,
North America,
British
GEORGE
AND
HARRIS
Bank
GOLD.
L. BRANDER, Agent.
ISSUES Commercial and Travelers' Credits, avail-
CABLE TRANSFERS, B1LI£ OF EXCHANGE
B.
AGENCT OP THE
California Banks.
FOREICilW JSAXKERS.
MENDELSSOUN
BBNRY HAGUE
JOHN
Bills collected
OF
Co.,
Ex-
Neur York Agency, 48 Ex cliange-place.
acted.
NATIONAL BANK OF SCOTLAND,
BROKERS
sells Sterling
description of foreign banking business undertaken.
;
"LIMITED;"
tralia
Kidder, Peabody
The New York Agency buys and
change, Cable Transfers, issues Credits available in
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 Drafts
issued payable in Scotland and Ireland, and every
all
or
ALSO,
BANKERS,
94 BROADWAY,
OBOBOB HAGUE. General Manager.
WM. J. JNOBAM, Asat. General Msna«er
BANKERS:
LONDON, ENG.— The Clydesdale Banking Comp'y.
NEW YORK— The Bank of New York. N. B. A.
dc
BANKERS, LONDON
K8Q.
OFFICE, MONTREAL.
Co.,
J.
NASSAU STREET.
BILLS OF EXCHANGE ON
CABLE TRANSFERS AND LETTERS OF CREDIT
& W. Seligman& Co.,
J.
SEW
Co.,
BELFAST, IRELAND
AND 0« THB
AGBNTB 70B
No.
&
Hon.
HEAD
Noras ahd Cexdits pos Tsatbuebs.
SMITH, PAYNE
G. C. Ward,
BARING RROTHERS & COMPANY,
$5,500,000 Paid Up.
JOHN HAMILTON.
Vice-President, JOHN MCLENNAN,
LONDON.
CO.,
dc
Capital,
33
Martinique and Guadaloupe.
IHAKE TELKGRAPHIC TRANSFERS
CANADA.
President, the
No. 8 Wall Street, New York,
No. 4 Pofst Office Sgnare, Roston.
CHEQUES AND CABLE TRANSFERS ON
miJNROE & CO., PARIS.
STERLING CHEQUES AND BILLS AT StXTY
DAYS' SIGHT ON
ALEXANDERS
ON GREAT BRITAIN AND IRELAND, TRANCB,
GERMANY, BELGIUM AND HOLLAND.
&
Monroe
John
BILLS OF F.XCHANOE
In Franca, in
parts of tbe
and their correspondents.
.Vlso Commercial Credits and Transfers of Money
on California, Europe and Havana.
BUY AND SELL
And
all
MESSRS. BE ROTHSCHILD
OJl Deposits. Foreign Kxchanpe. Conimerclal Credits
Circular Letters for Travelers
Oftble Transfers.
Available In all parte of the world.
niessrs. J. S.
OF
Issue Travelers* Credits, available in
world, through the
Haaumknr
Paris.
Pblladelphla.
DOMESTIC AND FOBEION BAKKBBS.
Merchants' Bank
Co.,
21 Naasan Street,
ic
XXXII.
Canadian Banks.
Foreign Exchange.
Foreign Exchange.
Dreiel & Co.)
[Vol.
Nederlandsche
Imperial Bank of Canada Handel-Maatschappij,
The Netherland Tradings Society
Capital, $1,000,000.
H.
S.
HOWLAND, Pres't
HEAD
D. R.
I
WILKIB,
OF HOLLAND,
Cashier.
OFFICE, TORONTO.
BBANCHES:
ESTABLISKD
1824.
St.
Pald-np Capital, 36,000,000 Florins.
Agents in London
BOSANQUET. SALT & CO.,
Ti Lombard Street.
Execute orders for the purchase or sale of Merchandise, Bonds, Stocks, and other securities. In tkOUnited States, Europe and the East make Collections
buy and sell Foreiffn Exchange, and give advances
upon Merchandise for E.\port.
OLIVKK S. CARTER, 1 Agents
Catharines, Port Colborne. St. Thomas, Ingorsoll,
Welland, Fergus, Woodstock, Winnipeg, Man.
Dealers in American Currency & Sterling Exchange.
:
I
Agents
In
New
York:
BAIS'K OF MOXTKEAL,
59 Wall Street.
Promptest attention paid to collections payable in
any 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 Tork,
I
($14,400,000, Gold.)
;
Nbw
STANTON BLAKE.
HENRY E. HAWLKY,
Tobk, January
Office,
\
J
for
Amerloa
1, 1818.
142 Pearl
Street,
New York
f
Mat
THE CHRONICLE.
28, 1881.]
Foreign Bankers.
Hong Kong &
IB.OOO.OOe
1,800,000
BBSKllVK KUNU
HEAD
HONO KONO.
OFFICE,
The Corporation grant Drafts, iBsu© Letters ot
Credit for iLse of Travelers, and nCKotlate or collect
Bills payablo at Bombay, Calcutta, Hlniiapore. Halxon
Manila. Hook Konu, J'oochow, Anioy, NiriKpo,
HhaiiKhal, Hankow, Yokohauia, UiUKO, ban Francisco and London.
A. in.
TOWNSEND, Agent,
69 trail
BA N K EK
13 NEW
PHirATE WIRES TO
K
GRAIN AND PROVISION DEPARTMENT
1
UNDER CHAROE 09
Chicago Correspondents.
Gwynne & Day,
Transact a general banking and brokerage business In Railway Shares and Bonds and OoTernmeni
Interest allowed on deposits.
Investments carefully attended
N T CorreipondpnM.-Mn«»r» BLAKK BKOS A CO
&
Hatch
BANKERS,
No. 12
WALIi STREET,
John
Kennedt.
S.
Kennedy
S.
J.
J.
Kennedy Tod.
&
;
NEGOTIATE LOANS AND DRAW BILLS OF
EXCHANGE ON LONDON
All business relating to the Construction
Equipment of KaHroads undertaken.
and
GRANT B. SCHLKT,
ERNEST GBOBSBECK,
Members N. Y. Stock ExchanKe
Groesbeck & Schley,
BROKERS,
Member
of
tlie
Securities bought
and sold on commission forcash
or on murKJn.
Advunces made on approved
market rate.
collateral
at the
L*epo8its received subject to check at siKbt.
4 per cent interest alluwed on all daily balances.
OrdtTs executed at Tjimdon, San Francisco, Boston, I'liiiiideliJhia and llDltiinoro KxehanKes.
P. H.— My New York Weekly Kinanclal Ucport ts
mailed free of cburxe on apultcation,
Charles Sbton HxNav.
Henry
52
&
W. Howard Gilder
Gilder,
BROADWAY. ROOM
&
City, Chicago, Cincinnati,
Lionin, DiHtrict orColuHibin, and
St.
SecuritieH.
FOREIGN EXCHANGE.
J.
WALL
8TKEET.
H. Latham.
R.
Kimball
p.
Investment Securities
F.
Banking Business, bny
Government Bonds and Investment Secori-
sell
tles.
ESTABLISHED
sell
H.
w. Pekrt.
&
J.
BANKERS AND BROKERS,
No. 25 Naasaa Street, Sew Toik.
Thirteen Years' Membership In New York Stock
KzchanKe.
E. J. Kimball, a. B. Lodnsbebt, F. B. Ballabo,
Members of N. Y. Stock EjccbaoKe.
Y STOCK EXCHANOB.
or for Investment.
Complete KinanciaV Report Issued weekly to ovr
correspondents
YORK.
BROADUTAV,
SOLD.
CA^ Co.S
BAN Ke K
.
No. 18 W^AK.1. STREET,
New York.
Transact a General Banklnjr Business, Includlnjr
the purchase and sale of STOCKS and BONDS for
cisb or on marRln.
Boy and
InTestnient Secnrltlea.
Sell
BOX 2,647.
WATLAND TRASK.
p. O.
A.M. KtDDBR.
Wm.
W.
C.
&
In
58 Broadway, cor. Exchange Place,
TRANSACT A GENERAL BANKING BUSINESS
INCLUDING THE PURCHASE AND SALE OF
STOCKS AND BONDS FOR CASH OR ON MAR.
GIN. BUY AMD SELL COMMERCIAL PAPER.
P. O.
,
Securities,
32 SOUTH STREET,
D. A. Boost.
C.
W
K. G.
D. Probst
McLllLAF, Jr.
Saltonstali.
&
Co.,
STOCK AND BOND BROKERS,
J.
No. 52
EXCHANGE PLACE, NEW YORK.
Ea*
nil commercial points In the otiuntry.
attention given to purchase and sale of Virginia Consols, Ten-fortlos, Deferred and all issued
of the Sute. and to all classes of Southern State
City snd Hallway Securities. CorrespouUence so
had with
pecirtl
Icited.
Canton.
W. IIARTER. ATTORNEY.
HENRY
ehisses of cases against IndlT*
Ohio, conducts
all
Ml8l'BLl.AjrxoC8 SKOITBIXIKS
Governments and
BOUOBT AND BOLD.
and
ut her corporations in b. ith State
Refers to C. Aultman, Canton, O.5
Isaac Harter & Sons, Canton, O.; Kountze Bros.,
New York; Kx-Chlef Justice Agnew. Beaver. Pa.
Idunls. railroads
L'.
H.
Courts.
Chronicle Volumes
WANTED.
Volnme 1, 1805; Volume 10. 1870; Yolnmes 19ana
Volume 17, 1873; and succeeding Volumes
13. 1871
down to 1880. Apply at PrbUcation Office, TO & 81
;
Stocks, Raii.road Bonds,
!
, ,
Have Western Union wires in their nflSces, by
means of which Immediate communication can be
and
Box «7.
MORSB
Sons,
BALTIMORE, m D
«^So*
BANKERS,
J.
Governments, Stock*
and Investment
Optosite Second St
H.
HILL.
Fisher
BANKERS,
And Dealers
iBoodift
Keitben Leland,
Co.,
N.
commission business conducted In tb^
purchase and sale
dtocka and Bonds on Marftln
strictly
for cash or
NEW YORK.
CITY RAILROAD STOCKS & B«M)S
BOUGHT AND
A
Co.,
L. Grant,
No. 146
MEMBERS OF THE
Stark.
on
commission. A specialty made of Western Farm
Mortgages bearing from 7 to 10 per cent interest.
Will undertake the negotiation of loans upon
Western City property in large or small amounts
Co.,
INVESTMENT SECDRITIES,
2
and
10.
Hew york
Covernmeut
&
BANKERS,
BROADWAY, KEW
No, 42
Members New York Mininx Stock Exchange.
CORKESPONDENCK SOLICITED.
H. Latham
JoBN
See quotations of City Railroads in this paper
BTOCK8, BONDS ANll MISCELLANEOUS
SECURITIES
BOUGHT AND SOLD ON COMMISSION.
J.
CITY, CIUJNTT
aOUlBEBJr SECURITIES A SPEClAhlt.
LOANS NEGOTIATED.
INTEREST ALL6WED ON DBFOS1T8.
Buy and
General Bankins Buainesa Transacted.
«2
In addition to a General
1864.
George Stark
N. T. Stock Exchange.
Co.,
bankers,
oeoar !4trbet.
R. A. Lancaster & Co., Coleman Benedict & Co.
BANKERS AND BROKERS,
No. 24 BROAD ST., NEW YORK,
66 BROADWAir, NEW YORK,
DEALERS IN
STOCUS
AND BONDS,
FIrst-Class Investment Secnritle..
Qeoroe Stark.
BROAD OR 27 WAI.L STREETS,
NEW YORK,
&
Oilman, Son
BOANCH
Bought and Sold on CoinmlsBloQ.
Virginia Tax-Be£eivaMe Coupont Bouaht,
NEW YORK.
STREET, NEW YORK.
IN ALL KINDS OF
Railroad and InTeatmcnt Securities.
BROADWAY, Rooms
80
RAILROAD & M1SCF,LLANE()1!S SECUKITU B
BANKER AND BROKER,
No. 5
WALL
8
SocTUEKS Securities a Specialtt.
GOVERNMENT BONDS, STATB.
Trowbridge,
F. E.
Simon B org.
No.
YORK.
37 <& 38.
Office, Trot, n. Y.,
Connected by Private Wire.
ALL securities dealt In at the New York Stock
Exchanffe bDutfht and sold on commission and carried on a fair margin.
INTEREST allowed on credit balances.
No.
COLtECT CotTPOSS AND DIVIDENDS
STREET,
'
&c.,
Boardman,
Lansdale
Co.>
STOCK BROKERS,
Ifi
BROAD STREET,
New York.
DEALER
NEW STREET,
1
&
No.
STOCK BROKER,
RAILROAD INVESt3fEXT SECURITIES;
A
No.
NEW
WILLIAM STREET,
15 WAIili
Special.
Securities
BONDS,
WILLABD.
Cyrub W. Field
D. SEVMOtTR
Y. Stock Kxchanfre.
Jr.
Lapsley, Field
Beers, Jr.,
Gaa Stocks,
Co.,
New York.
BUY AND SELL
Ko
Sell Stocks, Bonds and Governmenta oa
Commission, either for Investment or on marsin.
ALUEUT II. VEIINAM,
EDWARD N. BOHD.
Member N. Y. Stock Exchange.
Members N.
SECURITIES, CITY
MERCHANTS,
No. 63
No. 34 Neiv Street, Netv York.
MISCBl..
BROOKLYN
Investment
all
on commission^
Buy and
CTRfs W. Field,
of InTcstment
N. T.
sol d
Vernam & Company,
BANKERS AND BROKERS,
AND
MISCELLANEOUS BONDS AND STOCKS,
No. 8 Wall Street.
BUT AND SBLL
GOVERNMENT BONDS, STOCKS AND
LANEOUS SECURITIES.
boUKht and
HOWARD LAPSLET,
(LATE OP LEVY Jb BORG,)
DEALER IN
All Classes
Foote,
to.
Levy,
L.
BROAD STREET, NEW YORK.
No. !tO
8e«:urltles
No. 45 Wall Street
rEstablished 1854.]
Smith,
BROKERS,
Government Bonds, Stocks and
QUINLIN ds CO.
JOHN T. LESTER & CO.
9le»na, L. G.
&
Breese
Cumberland,
Delmonlco's,
Gllsey House,
Ptailadelpbia.
AMSTERDAM, HOLLAND
Financial.
BBIIEE,
L.
STREET
•ecnrltles.
cominissioN inERCHAN.»>,
WM. p. BUITBr
Members of New York Stock Exchange.
WM.
Windsor Hotel,
St.
Adolph Boissevain & Co.
Willard,
BROADWAY AND
ra
BANKING COKPORATION.
&
Scranton
Shanghai
CAPITAL (paid-up)
Financial.
Financial.
William Str»et.
:
THE (CHRONICLE.
Tl
Financial.
In§urance.
THE
OFFICE OF THE
FINANCIAL REVIEW,
(ANNUAL,)
1
8S 1
ZXXn
Vol.
ATLANTIC
Mutual Insurance Co.,
HEW YOEK,
Jannary 25, 1881.
The Trustees, in conformity to the Charter of
the Company, submit the following Statement
on the 3l8t December, 1880
of its affairs
Premiums on Marine Risks from
A Year Book
of Financial Information
Ist January, 1880, to 3l8t De$4,232,075 04
cember, 1880
Premiums on Policies not mai'ked
1,495,947 23
off 1st January, 1880
FOR
Bankers
&
Total Marine Premiums.... $5,728,622 27
Premiums marked off from Ist
January, 1880 to Slst Decem$4,141,087 80
ber, 1880
Brokers,
Losses paid during the same
$2,071,238 98
perioa
Merchants,
Investors.
coivTErvrss
Articles.
1,628,921 34
celvable
of Year,
Bank Returns,
337,977 37
$12,608,356 71
Amount
and Imports
SIX PEK CENT INTEREST on the outstand-
&c.
The Money MarRet—
certiflcates of profits will
Gold and SilverProduction, Exports and Imports of Gold and Silver in the United States and
abroad.
Foreign Excliansc—
Market and Prices in New York, 1871-1880.
InTestment§ and Spcenlation—
Compound Interest Table, Showing Accumulation of Money in a Series ot Years.
Table Showing the Rate Per Cent Realized on Secnrilaes Purchased at DifferMit
Prices (without regard to date of maturity.)
Stock Speculation in New York.
United States Debt and Securities-
THE OUTSTANDING CERTIFICATES
A DIVIDEND OF FORTY PER CENT
is
declared on the net earned premiums of the
Company, for the year ending 31st December,
1830, for which certificates will be issued on
and after Tuesday, the Third of May next.
By order of
States.
J.
State Debts and SecuritiesState Debts and Immunity from Prosecution.
Prices of State Securities, 1860-1880.
the Board,
H.
CHAPMAN,
Secretary.
TRUSTEES:
Railroads and their SecuritiesRailroad Statistics of the United States.
Railroad Earnings.
Prices of Railroad Bonds, 1873-1880.
The New York Stock Market, 1860-1880.
Prices of Railroad Stocks, 1860-1880.
D. Jones,
Charles Dennis,
J.
W. H. H. Moore,
Lewis Curtis,
Charles H. Russell,
Investors' Supplement—
A Copy of this Valuable Publication is bound up with the FmAHOUL Retikw,
and thus all purchasers obtain it at no greater cost than the price of single
copies of the Supplemeht alone, which is sold at |2 per copy.
--•....
tff the Revieiv bound in Cloth,
SnbBcribers of the Commercial &. Financial Chronicle,
Postage when sent by Mail,
Price
To
"VTILLIAM: B. J3ATVA
&
Street,
New
93 OO
1 00
12
-
James Low,
David Lane,
Gordon W. Bumham,
CO.,
Tork.
Horace Gray,
Edmund W. C«rlie8,
John EUlott,
Alexander V. Blake,
Bobt. B. Minturn,
Charles H. Marshall,
George W. Lane,
Edwin D. Morgan,
A. A. Raven,
Robert L. Stuart,
Wm.
James
Sturgls,
Adolph Lemoyne,
Bergamln H. Field,
G.
Samuel
De Forest,
Willetts,
A. Hand,
John D. Hewlett,
Charles D. Leverlch,
W'lllam Bryce,
William H. Fogg,
Peter V. King,
Thomas B. Coddlngton
Horace K. Thurber,
William Degroot,
WUUam
Henry
Josiah O. Low
WilUam E. Dodge,
Royal Phelps,
Thomas
F. Toungs,
C.
H. Webb,
Charles P. Burdett,
PUBLISHERS,
WlUlam
of
the Issue of 1876 will be redeemed and paid to
the holders thereof, or their legal representar
tlves, on and after Tuesday, the First of February next, from which date all Interest thereon
will cease. The certificates to be produced at
the time of payment and canceled.
Prices of United States Bonds, 1860-1880.
SI
be paid to the holders
and
thereof, or their legal representatiTes, on
after Tuesday, the First of February next.
Inflaences, and Prices of Call Loans and Commercial Paper since 1878.
&
470,000 00
CashlaBauk
—Foreign Commerce, Trade Balance, U. S. Exports
London—Review
1,187,900 00
otherwise
Real Estate and Claims due the
Company, estimated at
Premium Notes and Bills Ee-
New York City—Bank Returns, &c.
London—Money Market and Bank Returns.
Nos. ro
$8,983,558 00
otherStocks
United States— National Bank Figures and Currency MoTementa,
Debt of the United
assets, viz.:
Loans secured by Stocks and
Banking and Financial-
United States
of Leading
$873,113 96
The Company has the following
United States and State of New
York Stock, City, Bank and
Retroftpect or 18§0.
ncrcantHe Failures.
Commercial —
Returns ot Premiums and expenses
J.
Collins,
JohnL. Eiker.
D. JONES, President.
CBABLES DENNIS, Vloe-Presldent.
W. H. H. MOORE, 2d Vice-President.
A. A. RAVEN, 3d Vioe-Fresldelit.
Hat
.
:
;
THE CHRONK^LE
38, 1881.]
Commercial Cards.
Insurance.
HOME
Wright,
Company
Insurance
OF NBW VORK,
&
Bliss
Fabyan,
New York, Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
BROWN AND BLEACHED SHIRTINGS
OFFICE, 119 BROADWAY.
[Flftr-FUUi Seml-annnal Statement,
gBOWlNO TUB
COITDITION OF TUB COMPANY ON TUB FIRST
DAY OF JANUARY, 1881.
$3,000,000 00
Kenerve for Unearned Premiums 1,931,273 00
289,986 16
Reserve for Unpaid Lossea
1,639,24ft 98
Net Surplus
Tswels, Qnllts, White Gooda and IlMlery.
Drill*, Shteiing;
tic.,
tor Export Trade.
& Bro.
Georee A. Clark
Bonds and murtKages,
beinj; tirst lien
on
1,881,808 00
real estate (wi.rtli »4.2U6,0S0)
3,584.000
United States stocks inmrket Talue)
Bank and railroad stocks (market value) 407.442
1112,700
State and municipal b'ds (market Talu^)
Loans on stocks, pavabte on demand
328.680
(market value fSeU.SOU 00)
50,660
Interest due on Ist January, 1881 ..
118.085
Balance In hands of aKents
00
60
00
Real estate
iniI.TrARD'8
63
63
19
i
400
CHAS. J. niARTIN, Prealdenl.
J. H. WASHBURN, Secretary.
Steani8lii|t§.
ONLY
Direct Line to France.
GENERAL TRANSATLANTIC CO.
new VORK AND HAVRE.
E
.
R
.
Mudge, Sawyer&Co
AOBNTS FOR
WasUlneton nuiln, Ohicopee nii;. Co.
Burlinetnn Woolen Co.,
BUertou New Iniiu,
Atlantic Cotton miilii,
Saratoga Victory Tfttg. Co.. ocean milla,
Peabodir lUllls, .
AND
_
Hoalery, SblrtH and Draivera
From Various Mills.
NEW YORK,
BOSTON,
43 & 4B White Street,
15 Chadncet Street
PHILADELPHIA.
J, W. DAYTON, 246 CHE8TNDT STREET.
'between
Pier (new) No. 42 North Hirer,
Foot of Morton Street.
Travelers by this line avoid both transit by EnffUsh Hallway and the discomforts of crossinK the
Ohftnnel in a small boat.
LABKADOK. Juucia
Wed., June 1, 8:30 A. M.
ST. LAUKKNT, Bervan
Wed.. June 8, 2 P. M.
^M Wm$*
Steerage t26. including wine, bedding
Return tickets at very reduced rates.
Cheeks drawn on Credit Lyonnals of Paris In
utensils.
suit.
aOLX>
FOR MARSEILLES,
TorCniN-Q AT GlBnALTAK AND BAnOELOSA.
MARSEILLES, Cahour
June
June
8
28
MEDAL,
303-404- 70-35 -332,
1
,
Josepli Gillott
& Sods.
n.w Tori
NEW
Wm.
Commercial Cards.
Felix Alexander,
COTTON BROKER,
Turner
W.C. Watts. Datid Hasweli,. Cka».W.Wa'
TBOUAS
Co.,
Manufacturers and Dealers
in
COTTON SAILDUCK
And
COTTON
all
kinds of
CANVAS, FBLTINO
COVERIN(}, BAGGING,
_
DUCK, CAR
RAVENS DUCK, SAIL
TWINES, 4c., " ONTARIO " SEAMLESS
BAGS, "AWNING STRIPES."
Entire attention glren to purchase of COTTOD
for SPINNERS and EXPORTEKS
COBBSSPONDBNOB SOLIOITBD.
References :— National Bank of An^sta. Georpi
Henry Bents A Co., Commission Merchants N, T
Yerk William B. Dana ft Co., Proprietors COHHXk
GUI. A2n> FivAMOiAL CBBOKioLB. and Other New
Yoik HoQses.
Watts, Haswell
36 BTONS STREET,
A. L. Leman
No. 109
Dnane
Street.
&
Co.,
COTTON BKOKBRS,
UNITED STATES BUNTING COMPANY.
A full supply, all Widths and Colors, always in stock.
160
.v.-MM-m:-
INSURANCE COMl
OF NEW YORK,
J^
--—-———
iF.s.wiNSTON presiden:
^J^^^.^^"!. APPROVED DESCRI PTION
,
Works at Orient.
L.
I.,
and
The Atlantic
"
KCHEKA"
•
ORIENT."
&
Virginia
Fertilizing Co.
offer their standard brands
Amuoxiated Bone Sopbriihosphate of Lime,
AND
« ORIKNT COMPLETE MANURE,"
IFE AND ENDOWMENT POIICIE And
irant a good worklnu agent in erery thrlTlng
JNTERMS^AS ^AVORA^BLE ^AS^THOSE
01 cotton, tobacco, grain and truck growing county.
..-.. ^^''ANIZED
APRIL
Apily (with reference) to
IZTH 1842,
MJlSSETS0yER$80,0OO,0OC
MBRCHANTS^
CO.illHISSION
Watts, Haswell A Co. will make adTaneei on Cotton and other Produce consigned to them, or to
C. Watts A Co. Special attention giren to the eze—
cntloD of orders for the purchase or sale of Cottoo.
n Liverpool for future delivery, etc.
W
WATTS
C.
dc CO.,
BROWN'S BUILDING, LIVERPOOL.
Hughes, Carter
&
Co,^
COTTON BUYERS.
OIERIDIAN, MISKa
MOBILE, ALA.
Tames F. Wenman & Co.,
No.
1
COTTON BROKERS,
46 Pearl Street, near IVall, N.
(in
"%
Tontine Building) 1S40.
&
Foulke,,
COniHISSIOIV MERCIIAJVTI^
31 PBARI. STRBBT,
inCW YORK.
for tbe purchase or sale of Contracts for
Future
delivery.
Parisot
&
Campbell,
Cotton Factors^
VICKSBVRG,
\r. G. CRBNSIIA\r, Prea't,
CiiEMSHAW Warehouse,
RIelunond, Ta.
nisr,.
Orders to Purchase Cotton in our market so!lclt«4^
Refer to Meaars
A STILLMAN :
New York.
WOODWARD
John F. Wheless
Entire attention paid to purchase and shipment of
Cotton on order for Spinners and Exporters.
Best of references furnished. Correspondenoc
BICHHONO, Va.
UTBAILIF
Co.^
COTTON FACTORS
AND
SECOND STREET
MACON, GBOBGIA.
solicited.
-
&
NEW YORK,
;
No
Also, Agents
SI.AUOUTEK, SpCClal.
J.
Special attention given to the execntion of ordeis
ORDER
&
OB—
FOB FDTDEK CONTRACTS.
AVGVSTA, GBORGIA.
Brinckerhoff,
YORK.
Special attention glTen to tbe eaeentlon of
ItEBS
Bennet
Cotton.
Ateot,
No. 6 Bowllns Ureen.
.^
utrancm mad* oaac^
Liberal
Wm. Morb. H. W.HAiruiAinr. Ci.wumHsntcmwmr
EsUbllshed
Constantinople.
*
1
an<t/ut ether ttylu mat/ be had of all dea^v'
throughout tht world.
V
Rates of Passage— K.rst cabin, tlOO; steerage. $32.
Through bills of lading issued to Mediterranean
Ports, including Barcelona, Algeria, Tunis, Genoa,
Leghorn, Naple."*, Messina; also, for Trieste and
LOUIS DE BEBIAN,
PABIS, 1878.
BU Ctlebrattd yumiert,
The following steamers will leave New York direct
for Gibraltar and Marseilles, taking freight and
>
llrarr of eotton.
(karnmenta.
W.
cabin, $60.
(
Special BttmtlOD paid to tbe »zeeatloB of oi
18
AMKRIIJUE, SantellJ
Wed., June 15. 8 A.M.
PKICM OF PASSAGE, (IncludinK wine;
To Havre— First cabin. tlOO and tl20; second
PICAKDIE
New York.
or the pnrebB#e or sale of contracts for fntar* tf»*
HBLIX NBEDIiES
BROADWAy. NEW YORK.
61,068 51
16360,606 14
Total
Mssent^ers
VII.I.K l>E
COTTON COMMISSION MERCHANTS^
Mohr, Hanemann & Co.,
COTTON BROKERS,
13S PEABl. STRBBTy
United States, avallabls (or the PAYof 1,088K8 by FIKK and for the protection of Pollcy-Uolders of FIRE IN8UHANCK:
»25e,U« »7
Ca»h In Banks
In tbe
•mounts to
Schroeder,
111 Pearl Street,
MENT
•
&
Ware
AND SHEETINGS,
SVinnABY OF ASSETS
and
OIU.IA; SCBBOEDa
$6,860,505 14
Cash Assets
From
Cotton.
Bbhrt H. Wake.
PRINTS, DENIMS, TICKS, DUCKS, 4o.
CASH CAPITAL
Held
tS>
&
Co.,.
COTTON
coinniRsioN mbrchants^
NASHVILLE, TBNNBSSBX.
Special attention given to Spinners* orders.
spondence
Cona»
solicited.
Kbfbbbvobs.— Third and Fonrth National Baa^a
and Proprietors of Thb Chboniolb.
THE BRO\rN
Cotton Gin Company,^
NB1Y LONDON, CONN.,
HAN0TACTI7REKS OF THB CELEBRATES
Brown Cotton
Gins, Gin Feeders
Condensers.
COTTON GINS FOB EXPORT.
>^
and
THE CHRONICLE.
Cotton.
Cotton.
Woodward &
-^0»rt
Stillman,
POST BUILDING,"
ExchanEe Place, Hanever Si. Beaver Sis.
[Reab or Custom Eoisk],
NEW YORK.
'GENERAL COMMISSION MERCHANTS
«.*AN8 MADE ON ACCEPTABLE
8ECURITT.
advances made on Consignments,
attention paid to the execution of ordera
purchase «r sale of contracts for future
Btisthrerr of eotton.
I
al
law tto
&
Jno. C. Graham
(Sucoessors to R. M.
WATERS A
BANKERS
COTTON
COMMISSION MERCHANTS,
New York.
araYBSTMENT SECURITIES BOUGHT AND
Street,
BOLD FOR A COMMISSION.
New
H.
132 Pearl
O Box
CuNTRACTS FOR FUTUKE DSLITKRY
Geo. Brennecke
-COMMISSION MBRCHANTS
18 Exchance Place,
NEW YORK
jrOHN H. CLISBY
&.
^IKAM
OBDIiBS, FOB
BABTLKTT
POOL.
&
Pool
Geo. H. McFadden & Bro
COTTON FACTORS
AND COMMISSION MERCHANTS,
131 Ckeatnut
Johnston,
^e«
LSHXAN, DVBB
A Co
Montff ornery, Ala.
LEHMAN BRO'S,
Cotton AND Factors
EXCHANGE PLACE.
Exchanges In Nevt
and »dvsBcea made on Cottob
.and other produce eosBigned to ns, or to our corre
at the Cotton
.tfyasidenta In Liverpool, Messrs.
IMessrf. L. Rosenheim
J.
A
il.
Mewgass
A Co
Sons.
&
P. Billups
C3
E.
dc
18
-
NEW
YORK.
SipeoUl attention given te the PnrcUase and Sale
<a£ CoBtraets for future delivery of Cotton.
H.
•<3«TTON,
&
Tileston
STOCKS,
Sa WlL,L,iAM
Co.,
BONDS, &c.
STREET, NEW YORK.
-tSrdets In " Futures" ejieouted
York.
Agent.
i
u N.Y.Cotton
Sxoh
British
Mercantile
Co.
Ins.
OF
LONDON AND EDINBURGH.
United States Board of Management,
FABBRI,
Esq. (l)rexel,
:
Morgan &Co.)
8. B. CHITTKNDKN.
EZRA WHITE, Esq.
Hon.
J. J.
ASTOK,
Eeq.
CHAS. E. WHITE, SAM. P. BLAGDENf
MANAGERS,
54
WtUlam
St.,
New Tork.
LyOntmerctal
Co.,
Union
AND
COTTON COMMISSION MERCHANTS
No. 10 Old Slip, New Tork.
Ins.
Henry Hentz
GENERAL
&
Co.,
connissioN hierchants,
8
New
SoHth William
Advancea made
nieasrs.
St.,
York.
on ConslfrnmentB to
FINLAY, laUIR
dc
CO.,
CALCUTTA AND BOMBAY.
CONTRACTS FOR FUTURE DELIVERY COTTON bought and sold on commission In New York
and Liverpool: also at New Orleans through Messrs.
Bamuel H. Buck * Co.
&
Tainter,
GENERAL COTTON IdERCHAN^
PEARL
97
'
oriiers
aXREEl',
NEW YORK.
executed at N. Y. Cotton Ezch'ge
B.F.BABCOCK&CO.
17 Water Street, LIVERPOOE,,
RecWe consignments of Cotton and other Produce,
and execute orders at the KxchangeB In Liverpool,
Represented In New Vork at the olllce of
BABCOCK BKOTHER8 A CO.,
50 Wall Btbxkt.
Geo. Copeland
&
Co.,
COTTO:* BROKERS,
I9S
PEABI. SIREET,
NEW YORK,
C^o.
(OF LONDO.V),
ALFRED
PELL,
Rtsident Manager,
JieCDT & JEMISON, Galreston, Texas.
COMMISSION MERCHANTS,
Exchange Place,
aHST BUILDING,
&
Jemison
S.
Fata e
-COMMISSION MERCHANTS
&
BEAVER STREET, NB^Y YORK.
Waldron
Co.,
COTTON
Mos. 16
New
COTTON BROKERS,
nieurs.
A,iverpool
North
B. P.
Also execute orders for Merchandise throufffe
Neiv York.
Orders azecated
Co.,
JAMES FINI.AY & CO.,
CJVERPOOL, LONDON AND GLASGOW.
COmVISSION JIEUCIIAXTS,
Yoricaad
St.,
&
BANKERS
la New York or Lirerpool. ElB^clal attention
to Sale and Purchase of Future Contracts,
««th in New York and LIVERPOOL, on reasonable
tn either
, and profits paid as soon as reallied
40
$2,729,371 92
ALRXANBER,
JAS. A.
Office
%/beral ftdvanoes on conaiffnments of Cotton for
Co..
3,000,000 00
NET SUEPLU8
No. 2 Cortlandt
NEW TORK
WALTER & KROHN,
Vork.
^ie
La.
1,694,80189
Capital
SOLON HUMPHHKYS, Cli'r'n,(B. D.Morgan A 00
DAVID DOWS, Esq. (David Dowb & Co!)
Orders for Spot Cotton and Futures promptly exe
anted
New
$7,424,073 72
for
PUladelpUa.
JOHNSTON.
Robert M urdoch,
<JOMMISSI0N MERCHANT,
XRABAH A
St.,
117 Pearl street, Nevr York.
.,
New Orleans,
Co.,
COTTON BROKERS,
63 STONE STREET, NEW YORK.
OonatenmentB solicited Orders executed atCotfUxcnanges In N. V New Orleans and Liverpool.
iii^HlfiN. A
O?
A COHHI88ION
8.
1, 1881
unpaid losses
and re-insurance fund
New York.
Dennis Perkins
<C*TTON COMIMIBinON MERCHANTS,
ail P«arl Street,
Bale
FUTUBB CONTBACTS A SPSCIALTY.
CO,
COTTON BUYERS,
MONTGOMERY, ALA.
.VDBCHASB only on
OF HARTFORD.
COTTON BROKERS,
AKD
&
&
Company
Assets January
York.
and
—
iETNA
Insurance
Advances made on Consignments.
f
Tork.
ADVANCES MADE.
I.
Liabilities
New
Special perBonal attention to the purchase
'•
PBARL STBEET,
Insurance.
Farley,
Street,
3,909.
BABBHTT.
Special attention given to orders for the purcha«Q
and sale of Contracts for Future Delivery of Cotton.
J.
COTTON FACTORS,
COMMISSION MERCHANTS,
No. 110 Pearl Street,
18
No. 125
LIBBRAI.
FINANCIAL. AGENTS
F.
R.
C. F. Hohorst & Co.,
COTTON
COMMISSION MERCHANTS
SOUTHERN SECURITIES.
W. &
JOBN
RecelTO Ck>ns>KDment« of Cotton and othw prodneo
Tork.
LOANS MADE ON
COTTON FACTORS
VOST BUILDING.
HOHOR8T,
New
COTTON.
Gwynn & Co.
t.
Cotton £xcltan^ Building,
CO.)
AXD
^Fielding,
INMAN,SWANN&Co
101 Pearl Street,
28. 1881.
Cotton.
OHAS.
Co., H.
«OTTON COMMISSION MERCHANTS,
18 William
[Mat
Sr
&
S9 Wall
Stre^.f
inisecllaneou§.
Whiting Paper Co.,
HOLTOKE, MASS.
Bankers' Ledger nnd Record Papers.
machine Hnnd-AIade Papers.
Antique Parchment Papers.
Plated Papers.
Bond Papers.
*
AGENTS
JAinES D. TVHITMORE it. CO.,
45 BEKKMAN STREET. NEW TORK.
Wire Rope.
CHARCOAL
fBTKELAND
IRON
of superior quality
MININO AND
HOISTING PURPOSES
Buitable for
Inclined Planes, TranBinlsaion of Power, Ac. Also.
Cbarcoal ana
Qulvanlzed
BB
for Ships'
RlRpnn, Su»-
penBLon BridgeB, Derrick
tiuys, Ferry Hopes, Ac. A
larKe stock constantly on
hand from which any de*
are cut
sired lengths
FLAT STEEL AND IBO*
ROPES for Mining pur^
poses manufactured to or*
JOUN W. nASON
43 Broadwar,
St
CO.,
New
York.
i
@FedFRASER