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HUNT’S
representing
MERCHANTS’
MAGAZINE,
the industrial and commercial interests of the united states.
VOL. 40.
1885, against $120,650,000 for the corresponding week a year
CONTENT8.
THE CHRONICLE.
Clearing-House Returns
035
The Financial Situation
636
The Treasury and the Banks.. 638
Erie’s Cincinnati Hamilton <fc
Dayton Consolidation
640
641
J Our Foreign Commerce
| Monetary and Commercial
j English News
643
' Commercial and Miscellaneous
News
645
these values from the totals
and $416,334,183, respectively,
exchanges arising through other business, or a decrease
ago, and after deducting double
at that city we have $341,299,574
as
the
of 18 per
cent.
Last week the loss was 35*9 per
THE BANKERS’ GAZETTE.
Money Market, Foreign Ex
change, U.S. Securities, State
and Railroad
Stocks
Bonds
Quotations
TFcefc Ending
of
Stocks
and
616
j'
i
Railroad Earnings
619
650
Quotations at Boston, &c
Investment and Railroad In¬
telligence
I Dry
660
661
Goods
(Stocks....shares.)
(Cotton
hales.)
(Grain.. .bushels)
(Petroleum, .bbls.)
Boston
3P*e Chronicle.
The Commercial and Financial Chronicle is
New York every Saturday morning.
[Entered at the Post Office, New York, N.Y.,
as
Hartford
published in
second class mail matter.]
Subscription—Payable in Advance:
$10 20
6 10
£2 7s.
£ I 8s.
These prices include the Investors’ Supplement, issued once in two
months, and furnished without extra charge to subscribers of the
$511,557,389
-41-1
(1,105,200)
(215,400)
(28,013,000)
(48,330,000) j
(2,532,665)
(357,100)
(21,750,000)
(-50-4)
(-40-0)
(-r31-0)
(-14*1)
(1,448,334)
(271,400)
(30,496,000)
(40,894,000)
(-54-3)
(-36-1)
(+17*3)
(-347)
$59,311,284
$03,932,830
4,006,100
1,002,091
-10-4
$63,772,014
4,002,200
1,409,182
-155
-3-0
1 053R5R
1012.742
1,058,823
—15-2
938,275
708,895
800,809
+7-1
481,773
-7-8
A neat file cover is furnished at 50 cents; postage on the same is 18
cents. Volumes bound for subscribers at $1 00.
Offices in England.
The office of the Commercial and Financial Chronicle in London
is with Messrs. Edwards & Smith, 1 Drapers’Gardens, E. C., where sub¬
*
-7-2
—21*0
-8*1
810,125
705,905
815,540
-13-4
Springfield
703,524
445,218
730,710
+4-5
+0-3
$08,552,474
$73,444,040
-0-7
$73,172,572
-152
$44,099,177
7.425,373
10,842,421
$50,719,040
12,970,432
13,390,123
-223
-35-0
-19*1
$42,207,410
6,448,821
10,681,040
$62,300,971
$83,085,001
-24 9
$59,337,877
-37*5
$42,790,833
8,157,850
3,051,121
2,590,635
1,280,312
2,157,20L
1,361,529
-72
-121
Lowell
Total N. England
Philadelphia
Pittsburg
Baltimore
Total Middle....
Indianapolis
Peoria
St. Louis
St. Joseph
JOHN G. FLOYD.
New Orleans
Total Western...
Louisville
Kansas
$58,553,055
$62,222,477
-5-9
$02,385,804
$15,312,284
683,340
5,913,277
3,929,512
4,052,787
$12,897,978
864,889
7,995,322
3,917,435
+18-7
990,735
000,397,
+84-0
+496
$14,455,178
021,444
0,095,595
3,908,846
4,460,199
973,034
+390
-+20-2
$31,487,941
$28,870,314
-f 9-1
$30,574,290
-10-4
40,152,179
31,527,818
9,193,680
34,897,000
10,730,823
3,905,970
38,393,604
35,770,483
9,735,624
33,304,000
10,859,445
4,990,111
+20-2
48,693,077
38,050,382
9,183,777
33,210,000
12,788,981
5,108,108
1,814,223
1,241,298
620,529
Columbus
City
Memphis
Total Southern..
-58-0
-25-9
-25-0
2,7as,191
2,391,790
1,099,027
Cleveland
-42-8
+4*1
820,936
8,899,450
Detroit
443,890
-8-0
$42,330,300
8,508,700
3,240,348
3,109,548
1,095,251
1,938,894
1,418,584
684,119
$39,099,147
Milwaukee
scriptions and advertisements will be taken at the regular rates, and
single copies of the paper supplied at Is. eacii.
The office of the Chronicle in Liverpool is atB 15, Exchauge Buildings
WIIililAM B, DANA & Co., Publishers,
WILLIAM B. DANA.
NEW YORK.
(50,280,000)
893,023
Cincinnati
For the week under review the
PerCent
Portland
Chicago
CLEARING HOUSE RETURNS.
1885.
Worcester
Subscriptions will bo continued until definitely ordered to be stopped.
The publishers cannot bo responsible for remittances uuless made by
Draits or Post Office Money Orders.
958.
Week Ending May 16
+U1
-j 102
Chronicle.
79 Sc 81 William Street,
Post Office Box
|
-28-3
3,913,900
1,435,707:
Providence
For One Year (including postage)
For Six Months
do
Annual subscription in London (including postage)
Six Mos.
do
do
do
Per Cent.
$057,034,183
$471,377,574
New York
1884.
cent.
Sales of—
650
654 1 Breadstuff’s
655
1885.
618
THE COMMERCIAL TIMES.
Commercial Epitome
Cotton
May 23.
and
Bonds
Range in Prices at the N. Y.
Stock Exchange
047
Terms of
NO. 1,040.
SATURDAY, MAY 30, 1885.
2,528,293j
+9-1
-8-6
-79
-14-2
-159
-8*8
-21*0
-20-0
+03
-
17*8
-S*0
-20
-20*4
-151
-10-2
-13-7
-12-4
-75
-145
-32-5
—16’3
exchanges are less favorable
-8*7
$9,848,042
San Francisco
$8,401,594
$9,774,717 -13-4
than those for the preceding week in the aggregate, but the
-35-9
$740,870,880
Total all
$700,800,209 $915,031,338 -23-4
decrease is mainly at New York, and in speculative business.
9
-20
-10-9
Outside New York
$235,319,491
$22974224)35 "$2574197,155
In the New England cities the volume of clearings has been
The exchanges for the five days ended this (Friday) evening,
materially affected by the stagnation in the cotton goods trade,
and the consequent continued reduction in production; this as received by telegraph, are quite unsatisfactory. The aggre¬
is, of course, only one of the many reasons for the generally gate decline at the seven cities has been $74,514,036, in which
all but Baltimore and Chicago participate, New York con¬
small totals lately recorded, yet until there be some improve¬
The com¬
ment in that branch of manufacture it can hardly be expected tributing $63,893,133 and Philadelphia $6,522,564.
parison with 1884 appears to be more favorable than last week,
that exchanges will show any marked increase.
but this is due solely to the fact that “ Decoration Day ” fell
Ten cities record figures in excess of May 16; they are Hart¬
within the period which last year’s figures cover.
ford, Philadelphia, Pittsburg, Baltimore, Indianapolis, St.
Five D'ya End'g May 22
Five Day8 Ending May 29.
Joseph, St. Louis, Cincinnati, Kansas City and Memphis. Of
these the four last named, and in addition New Haven, Port¬
1885.
PerCent
Per Cent.
1884.
1885.
land. Springfield, Lowell and Louisville exhibit increases over
-10*4
-27-8
New York
$409,211,020
$315,317,887 $412,657,405
1884. On the other hand Boston and Chicago show import¬ Sales of Stock (she.)
(9C9.723) (-550)
(735,887)
(1,731,514) (-57-5)
Boston
ant further declines.
At this time last year
clearings
Philadelphia
-11-9
adversely affected Baltimore
-56
+4-8
on Wall Street, Chicago
+8-0
and exchanges fell off $250,791,740 of which over $210,000,000 St. Louis
-21-7
Nfw
Orleans
was at New York.
In consequence of this very great decline
Total
$481,731,309 $545,410,792 -11-7
the percentage of loss exhibited by the figures of this year in com¬
-91
49,720,831
Balance, Country*
45,204,050
parison with a year ago is smaller than for several weeks past.
-11-5
Total all
$520,935,425 $595,137,623
The share transactions on the New York Stock Exchange Outside New York $181,017,538i $182,280,158
-0-4
have reached a market value of $65,039,000 for the six days in
Estimated on the basis of the last weekly returns.
were
(largely so) by the panicky condition of affairs
.
*
-10*5
-21*5
-21-0
-8-8
+18-8
-24-8
$556,245,405
-24-3
40,480,088
-20* 1
$602,720,093
-240
$193,515,073!
-14*6
THE
686
CHRONICLE.
until
THE FINANCIAL
The Bank of
mum
England has this week-reduced its mini¬
cent, while the open market
London for three months bills has fallen to seven-
rate of
rate at
SITUATION.
interest to 2 per
we
[Vol. XL.
by stopping silver coinage transfer to Europe
the burden of the crisis it would force here.
silver is the
Distrust of
disturbing cause now ; but when America
anxiety on to the shoulders of those who
discredit, distrust of gold—because insufficient
shuffles off that
started the
eighths of one per cent, and as a consequence foreign as a sole basis for the world’s commerce—will be a cry
exchange at New York has become very dull even at the every nation will have to heed.
As
late decline, although money seems to be worth next to
already stated, the foreign exchange market,
nothing here also. In fact, this week our banks that pay largely influenced by the decline in money at London and
interest for deposits have sent out notices that after June in Europe generally, has become heavy.
Bankers are
1st they will pay only
per cent, while money is flowing freely selling at $4 86-| for long and $4 88^ for short,
in here from the interior in undiminished volume, the and the indications point to still lower rates.
It is pos¬
surplus over and above the required reserve being now sible that some bills are even now being drawn against
the
about G1 millions.
marvelous state of the money
markets of the world—distrust universal, enterprise every¬
new
Canadian loan which
stated two weeks since
we
shortly to be negotiated. However that may be, there
are drafts on the market against outgoing
securities and
where dead, and yet capital so abundant as to be able to new loans which with the supply of commercial bills
earn only a nominal interest.
Such conditions suggest readily satisfy all demands, as the mercantile inquiry is
as their
cause—for they not unfrequently follow—an extremely light because of the very dull import trade.
extensive panic which had developed general, solicitude; but No announcement has been made of the negotiation of the
i
°
nothing of the kind has taken place, the only recent panic Canadian loan, but not unfrequently such transactions
being that of last May here, which was chiefly of local are withheld from the public until the loan is secured and
importance. They might indicate a condition of extreme at least a portion of the proceeds drawn for. As to
overtrading with general insolvency, did not the long present commercial requirements, some indication of their
periol of their existence and present tables of failures extent may be gathered from the foreign trade statedisprove such a supposition. Or it might be that a grea^ ment for April, which the Bureau of Statistics has issued
disaster, as for instance a widespread crop failure, woul d this week and which we have remarked upon in a subse¬
These facts disclose a most
was
.
leave
as
some
in this
account for it,
such abundant crops raised
such results; still, that cannot
case
there
never were
the world produced during the sum¬
mer of 1884.
An impending war between leading nations
would for the time being disturb trade and suspend enter,
prise; but this depression and plethora antedate the Rus¬
sian excitement; and besides, now peace is assured and
believed in everywhere—as the price of consols and of
as
in the
Russian
ment
aggregate
there is no recovery
Their universal feature indicates
securities shows—and yet
from these conditions.
For the last
figures up as follows.
quent column.
FOREIGN TRADE OF THE
months the trade
seven
UNITED
move¬
STATES—(000s Olllitted.)
‘
Gold.
Merchandise.
[
Exp'ts Imp'ts
I
1834-85.
i
October...
71,073
November.
December.
January...
February..
|
i
*
51,713 19,300
79,783 45,518 34,265
91,295 42,139 49,156]
80,502
42,218
53,921. 42,030
Excess
Excess
of
Exp’ts
38,344 i
11,891
*1,633
4,145
Silver.
-
Imp'ts Exp'ts
$
2,430
8,183
2,418
Excess
1
of
of
Exp'ts Imp'ts
Exp'ts
Imp'ts 1|
,
*
$
$
t
$
631
193
2,237,
2,574
1,943
444
7,739: 1
1,850
1,438
412
603
1,815
3,478
2,229
2,144
1.093
1,334
2,507
3,119
3,137
1,003
1,836
1,940
1,504
2,076
1,446
1,887
1,636
630
'
251
1,136
1,283
833
924 i
1,757
they have not precisely a common origin, they March
51,349! 52,982
1,197*
+376
782
7,158
52,937 48,792
April
probability a somewhat similar origin. And
7,497
18,894 11,397
6,313 13.220
19,533
Tot. 7
480,920 325,392 155,528
yet it is not overtrading, not a panic, not insolvency, not
Excess of imports. + Excess of exports.
a famine, not lack of capital, but an abundance of
money
The crop situation seems in general to be growing more
and an abundance of food that are the features which
promising. There is a little anxiety respecting cotton in
mark the existence of the disturbance.
Can then any influence be mentioned but a currency some districts of the Southwest because of too frequent
difficulty, which touches every commercial community rains, but if warm and dry weather succeeds soon, all
alike, affecting all values and throwing uncertainty into anxiety would be quickly removed. Corn has now every¬
where been planted, and in almost every section under
the future of values, that will afford an adequate clew or
favorable conditions and .in large amount ; the same
explanation for this world-wide situation ? Here, in
America, an attempt to force about eighty cents’-worth of facts are also true of all other crops except as to the
silver bullion into the place now filled by a hundred cents’ acreage of wheat ; warmer weather has likewise prevailed,
worth of gold bullion, has made it questionable what is to and hence, though late in the start, the developing forces of
be the permanent measure of values in the United States. nature are imparting to the agricultural prospect a brighter
Under these circumstances the speculation in
Our future in this particular affects all Europe, relieving outlook.
it if we, by adopting silver, become the sink for their dis* breadstuffs languishes. The effort to make Europe take our
carded currency, but forcing a crisis there if we save our¬ large visible supply at our own prices seems to be proving
selves. Italy is to-day struggling to retain its'gold basis, and about as successful as a similar effort in another recent year
too, that if
have in all
mos.
*
even
Germany we are informed by some leading European
placed large deposits in London to provide
against a similar catastrophe there; while the Bank of
France discriminates all the time between the metals so as
to retain its gold and force out its silver. It is an irrepressible
conflict that is thus being everywhere waged, and which
Great Britain with its nerve-like trade tentacles reaching
bankers has
into every
country on the face of the
than all others
as an
personal examination, “ by gosh it
am dis
darky’s heels dat am burnin.’’ With a visible
supply of wheat in America closely approximating 37
million bushels, with the afloat to Europe reaching the
very large total of 28 million bushels, with a large surplus of the old crop still in farmers’^ hands in almost
globe, feels more burning, exclaimed
influence disorganizing
her industries.
phase we have not the roonU to discuss in this
column, but in our opinion the conflict can only be finally
closed with the triumph of bi-metalism, which shall be
world-wide, not local, and which can never be attained’
Its other
people never learn anything by experience. They
go around the same old circle again and again, biting off
their own noses every time under the hallucination, appa¬
rently, that it is some one else that is suffering. It recalls
the surprise expressed by the sleeping darky while with
others toasting his feet at a fire; after being awakened by
the smell to a suspicion that some one’s heels were
Some
on
May 30,
THE CHRONICLE.
1885.]
producing country, with all countries other than the ’
United States very freely marketing their surplus, and
with the new crop the world over promising as yet fairly
well, is it not barely possible that we may wake up some
every
day to a realization that we are simply hurting ourselve3
and not crowding our neighbors?
There have been abundant efforts, rumors, and meetings
of trunk line managers this week, to have settled up all of
our Eastern rate wars, if they were capable of settlement.
that those differences are any nearer
adjustment than they were ten days ago. In fact, are
there not circumstances, some new and others old, which
But
we
cannot report
lions of old
(537
stock) and having voting
power.
Thus the
bondholders will get
the two things so much desired—
charges ahead of their security and full
control of the road, for they will have 55 millions of voting
securities against only 20 millions of common stock outside.
We do not see, therefore, why the plan should not be
entirely satisfactory, and. in view of the fact that the pres¬
ent irresponsible position of the Wrest Shore enterprise
keeps the whole railroad industry of the country in a dis¬
organized condition, it is to be hoped that the plan will
now find speedy favor and lead the way to an early adjust¬
a
minimum of
ment of
!
the whole matter.
The stock market has been dull and
fluctuating, though
practically put any arrangement just now entirely out of
in
the question?
general inclined to weakness. On Monday it was
We have often referred to the West Shore
situation, as furnishing one such obstruction, not because announced that the Pennsylvania Railroad managers had
the receivers may not be willing to do all that is within ordered a cut in passenger rates with the stated purpose
their power to do, but because that road could attract of getting back some of their lost traffic; but it had no
so little business under an equal arrangement with the
very material influence on the market, as it did not change
Central,and the Central can make no other. In that instance substantially the present situation in that particular; one
absorption seems to be the only mode of reconciliation—at more road to divide the reduced value of the through
least we can see no other. But besides that, we have now, so
The
passenger traffic with, cannot affect incomes much.
far as freight is concerned,to add lake and canal competition, meeting held on Wednesday by the managers of the
..and this is not simply the ordinary competition of that route, trunk line roads was used both before and after it was
but something marvelously low even for these dull times. held as an indication that an adjustment of the difficulties
On Thursday morning it
IIow can any basis be made for an agreement on Chicago of the roads was near at hand.
traffic with such an impediment to harmony?
Putting up was reported that the President of the Grand Trunk of
freight rates would mean simply that the New York roads Canada was seeking to acquire control, by lease, of the
through business. Then among West Shore and it was further rumored that the Penn¬
other disturbing elements, there is the South Pennsyl¬ sylvania had under consideration a similar proposition.
vania which is being pushed to completion, paralleling the This story was speedily denied, but it had some influence
Pennsylvania Road through an important section. Still, in advancing the price of the trunk line stocks, which in a
we think
this latter difficulty not insurmountable, if the measure was retained subsequent to the denial. A further
other two influences could be got out of the way.
Under feature of the week has been the decline in Erie second
We remark in another column upon the recent
the circumstances, however, we cannot but look upon the consols.
talk of an adjustment between the trunk line roads for the decision in the Cincinnati Hamilton & Dayton case which
affects Erie’s Cincinnati connection, and which has prob¬
present as pure flimflam.
In this connection it is of interest to know that the ably been in good part the cause of the decline.
Central
modified plan of reorganization of the West Shore & Buf¬ New Jersey was strong and advanced Thursday on the
falo road, prepared by the Hewitt Committee, to which we announcement that the Baltimore & Ohio haj made
alluded last week, has been finally perfected, and was some sort of proposition for the control of the terminal
given to the public yesterday. It proves to differ but facilities of the road. These, together with a renewal of
slightly from the outline of the same furnished by us last the oft-repeated rumor that the lease of the Oregon Navi¬
week, and the difference further favors the present gation Co. to Northern Pacific and Union Pacific roads
bondholders.
The total of the securities will be as stated, had been definitely settled, and some unfavorable traffic
but instead of a 15-million second preferred stock, to be reports, have been the main features of the week, but the
issued for the* claims of the North River Construction general situation of the market has changed in no particular.
Northern Pacific s current traffic returns continue un¬
■Company and of the Ontario & Western Company, there
will be that amount of income bonds without voting power favorable, tut this has had no effect on its securities.
We
—and this is about the only particular in which the mod¬ gave in our issue of May 9 the gross earnings for the
ifications i have been changed.
There had been some month of April, exhibiting a heavy loss as compared with
expressions of discontent at placing so much voting stock in the corresponding month of the previous year, and have
the hands. of the parties representing these claims, and now succeeded in getting a statement of expenses and
this objection is overcome in the manner mentioned. net earnings for the same month.
In view of the heavy
The
total of first mortgage bonds
to be issued loss in gross, the net was expected to be quite unsatisfac¬
will not be more than 25 millions in any event, and the tory, and this is borne out by the figures at hand.
As
first issue is to be but 20 millions (the remaining five mil¬ against the decrease of $503,850 in gross (from $1,441,lions not to be put out till after a specified time, and only 515 in April 1884 to $877,005t the present April), it was
then with the consent of two-thirds the old bondhold¬ possible apparently to reduce expenses only $120,080^
ers) and but 15 millions if the terminals are not purchased. so that the net shows the large diminution of $443, 704, the
Hence the annual charges ahead of the present bondhold¬ total of the same being only $399,583 now, against $843,ers
will at the most be $1,250,000, ’ and at first but 34.7 last year.
The following are the figures for the
$l,0m).000. Consequently the position of these bond¬ two years, both for April and for the 10 months of the
holders will be about as follows.
They will hold a 50 mil¬ company’s fiscal year ended with April.
lion second mortgage and five millions of preferred stock
juita to April 30.
should retire
from the
,
(given for back interest)—both endowed with votingpower.
There will be 15 millions of income bonds sub¬
sequent in lien to them and 25 millions of first mort¬
in lien. ' There will be. besides,
gage
antecedent
20 millions
of
common
stock
(issued for the 40 mil¬
Avrii.
~T ^Northern: Pacific.
18.85.
Gross earnings
Operating expenses...,
Net earninjzs
|
1.8s4.
1881-80.
1883-81.
c-
ft
ft
S77.005
478,Ov>
1411,515
51*8,1(58
9,320,512
10.172,648
5,013,233
0,0(52,71 !J
399.083
r
843.347
4.277.307
4.709.929
<338
THE CHRONICLE.
There
was
April.
It
in
of
course a reason
the
was
same as
in
for the
heavy falling oil
[Vol. XL.
West and the lack of
activity in all industries. For tho
first four months of the
year the exhibit is equally unfavor¬
able, the net on the entire system being
March, namely, that the
company is comparing with a period last year when the
only $3,864,437,
exceptionally large, earnings having then been against $5,080,431 in 18S4,
$6,132,032 in 1883 and $7,heavily swelled by the Coeur d’Alene gold fever. Passeng¬ 229,312 in 1881.
The figures are smaller even than in
ers
earnings we have maintained all along must fall off 1879, when the net for the four
months was $4,263,551.
greatly, and of the decrease of $503,850 in the gross above
Bankers’ balances still rule at i@
1^ per cent. At Chicago
for April, we find that no less than
$325,141 was in pas. some demand for money is reported from the
interior, but at
senger receipts.
Though the falling off in earnings was other points the rates of
exchange favor the transmission
expected, it must be admitted that both in gross and net of funds to this centre. The
following statement, made up
it is much heavier than was
anticipated. For instance, a from returns collected by us, exhibits the
receipts and
couple of months ago, Mr. Oakes, the Vice President, esti.
shipments
of gold and currency by the New York banks
mated that the decrease in net would be
$125,000 in during the week.
March
totals
were
,
and
two
$150,000 in April,
months.
decrease
Instead
of
that
or
we
$275,000
had
in
for the
March
a
Received by
Week ending May 29,1885.
of
Shipped by
Net Interior
N. T. Banlts. N. Y. Bmks.
$252,708, and now in April a decrease
of $443,764, or
nearly $700,000 together. These facts
are
chiefly interesting because they modify Mr. Oakes’
conclusions based on the more favorable
figures. Mr.
Currency
Gold
Total gold and legal tenders..
*
..
Movement.
$2,477,000
$316,000
*350,000
Gain... $2,161,000
$2,477,000
$666,000
Gain..§1.811,000
To Canada.
Loss..."
350,000
The above shows the actual
Oakes felt confident that the road would earn
$300,000
above its fixed
charges the current fiscal year, and in an
article in our issue of
May 2 we showed that there was a
of
changes in the bank holdings
gold and currency caused by this movement to and from
the interior.
In addition to that
movement, the banks have
lost
$1,000,000 through the operations of the Sub-Treas¬
ury. Adding that item to the above, we have the
following,'
which should indicate the total
and used Mr. Oakes’ estimates for
the remaining three
gain to the New York
months, making however what we supposed was a liberal Clearing House banks of gold and currency for the week
covered by the bank statement issued
allowance for errors on Mr. Oakes’
yesterday.
part. But, as we have
seen, the actual decrease is almost three times the esti
Week
possibility that this might be realized.
We had the
figures then for the first nine months to the end of March,
mate.
Hence it is
clearly impossible for the
ending May 29,1885.
Into Banks.
road to show
Out of Banks.
Net Change in
Bank
Holdings.
Banks’ Interior Movement, as above
$2,477,000
$600,000
Gain. $1,811,000
surplus that Mr. Oakes expected. For the first nine Sub-Treasury
operations
4,900,000
Loss.
5,900,000
1,000,000
months there was a deficit below
Total gold and legal tenders....
charges of $78,587 ; in
$7,377,000
$0,500,000 Gain.
$811,000
April the net as above was $399,583, while the charges for
The Bank of England
reports
a
gain of £218,274 bul¬
the month were
$489,550, giving a further deficiency of lion for the week.
This represents £216,000 drawn
$89,967, and making the total deficiency for the ten from abroad and
£2,274 from the interior.
The
months $168,554.
If the net earnings for the
Bank
of
France
remaining
gained 7,379,000 francs gold and
two
months—May and June—should be as large as last 5,452,000 francs silver, and the Bank of
Germany, since
year, which is hardly possible, their aggregate would be the last
report, increased 10,420,000 marks. The
following
$1,171,121. Allowing for the $168,554 deficiency, there indicates the amount of bullion in
the principal
European
would remain
only about a million dollars of net avail¬ banks this week and at the
corresponding
date
last year.
able for the
charges of these two months, which would
the
i
—
May 28, 1885.
to be but little in excess of the
amount needed.
seem
r
May 29 1884.
,
Gold.
Silver.
Pennsylvania Railroad's statement of earnings and
Gold.
Silver.
exj
penses for April is also unfavorable, much like the months
£
£
£
£
Bank of England
26,841.880
25,138,966
immediately preceding. The decrease in net for the Bank of Franco
43,646,727 42,887,058 11,421,610 40,500,952
month is even heavier than
heretofore, but that follows Bank of Germany
7,495,009 22.485,000
7,901,250 23,703,750
simply from the fact that the showing in April last
Total tliia week
77,983,607 65,372,058 74,461,856
year,
64,210,702
Total previous week
with which we are
77,948.38') 64.918,47- 74,188,609 64,039,162
comparing, was unusually good. Hence
we have a loss on the Eastern
The Assay Office
lines in the large sum
paid $253,770 through the Subof
$421,508, and on the Western lines of $113,462 more, or Treasury for domestic and nothing, for foreign bullion
a
total loss on the entire
system of $534,970, so that during the week, and the Assistant Treasurer received
against net of $1,737,475 in April, 1884, we have net in the following from the Custom House.
1885 of only $1,202,505.
This is the smallest figure since
Consisting of—
Date.
1879, when the total was $934,362. In 1881 the
Duties.
total
IT. S.
Gold
Silver Cer¬
Gold.
was as much as
$2,144,471. Following is a comparison
Notes.
Certific's.
tificates.
....
for six years.
May 22
44
Lines east
of
Pittsburg.
April.
Gross earnings
a
.
1SS5.
1584.
1883.
1882.
.
§
8
$
8
1881.
$
18S0.
%
3,704,890 4,156,309 4.061,750
2,401,853 2,593,919
3,855,850
2,536,539
3,760,372
2,104,502
3,488,306
1,992,784
1,272,948
—70,143
1,694,450
Western lines
1,467,831
+43.019
+124,382
1,319,311
+19,557
1,055,810
+488,001
1,495,582
+ 268,048
Result
1,202,505
1,737,475
1,592,213
1,338,80S j 2.144,471
1,703,030
Operut’g
expenses.
Net earnings...
Jan. 1 to April 30.
Gross earnings
Operat’g
expenses.
Net earnings...
Western lines
2,431,94'.
13,093,486 15,159,902 15,892,702 j 14,4
48,214 ■ 13,889,505 12,794,079
9,438,360 9,770,180 10,161,692 0,559,214
8,069,504 7,189,369
4,255,120 5,389,722
-390,683 -309,291
+401,022
4,889,100 5,820,001 5,605,310
+7,271 ;+1409,311 +1317,177
S.80-1,437
6.132.032
4,896,271
5,731,010
$246,556 99
$1,000
$37,000
23.
$100,003
386,153 82
2,000
25.
137,000
171,000
114,0(0
132,000
172,000
201,000
111,000
150.000
67,000
64,000
141,000
134,000
216,000
121,000
156,000
$587,000
$811,000
$934,000
u
26.
551,954 29
485,035 90
44
27.
331,730 09
28.
356,055 76
7,000
7,000
2,000
2,000
$2,357,286 85
$21,000
*
4
Total
$108,000
THE TREASURY AND THE BANKS.
Our reference of last week to the assistance the
banks
might render the Treasury just at this time has elicited
remark, and in some quarters criticism. Among others
There were no new elements at work
affecting the road’s we notice that the Springfield Republican does not like the
business during the month, the
principal depressing influ¬ suggestion. It says with much force that the banks are
ences
'being the demoralization of rates both East and under no
obligation to help the Treasury out of the plain
Result
5,080,431
7,229,312
6,922,487
May 30,
THE
1885.]
639
CHRONICLE.
of the act of Congress. That Congress has
insisted on a silver dollar policy and can only be taught
the folly of it by finding itself face to face with the disa¬
consequences
silver certificates were less numerous,
an
there
was
accumulation, above outstanding obligations,
always
of gold
Treasury towards the first of July. In the earlier
greeable consequences. And it adds, let the Administra¬ years when the surplus revenue was very large this increase
was not observable, because there was an abundance coming
tion, therefore, go on in the plain line of duty, and if the
in constantly for all purposes, and hence, as it accumu¬
Secretary of the Treasury finds himself in a close corner
to procure gold to meet the interest on the debt, let him lated, the Government kept calling in its bonds and
throw the responsibility on Congress and demand a sus¬ thus paying the surplus out for the purpose of keeping
the balance down, so as not to withdraw currency from
pension of the outflow of silver from the mints.
This would be good advice and the wiser course to the channels of commerce. --Still the first of July balance
was always large, just as the first of January was.
This
pursue, if we were not all involved—banks, people, and
industrial interests—in such a catastrophe.
Only think year, however, we are nearing that date with a very small
of the discredit it would be, to even make a single and a declining balance. The loss is less, as we have seen,
than was feared, but yet there is a loss instead of a gain.
payment of interest on the public debt in silver ! There is
not an American who has any lively sense of an obligation, Now on the first of June and again on the first of July
but would feel humiliated by such an act.
Then besides the Government payments are especially large. It has
on June
1 besides its usual disbursements $2,812,500
that, when the Government reaches or nears that point or
of interest, and on July 1 about $9,528,303 of interest to
perhaps when it sees such a result is imminent, it must
pay out silver promiscuously to banks and to individuals, meet, whereas in May only $1,456,428 of interest was paid.
and very soon after that, or concurrently with it, the banks Furthermore, if in the early summer months, when busi¬
must suspend gold payments too. In fact, if it be true that ness throughout the country is always least active, silver
the Government is likely to be in need, then our entire certificates, being of little use in the interior, should
tend this way in increased volume, they would in the
monetary system is in danger, and since circumstances
the Treasury and
have put it in the power of the banks to save the country same measure flow directly into
It seems to fol¬
from so great a disaster, we claim it is a duty and have make its revenue more largely of silver.
low from these facts that if the Treasury does not have
no doubt it will be a pleasure for them to prevent it.
But we sympathize fully with the thought, which is some accession of strength from outside sources, it is likely
to be weakened at that date below a desirable point; and
really the basis of the Republican’s suggestion, that Con¬
it is no mark of sagacity to keep our eyes shut to these
gress, having brought this evil upon us, should be made
plainly to feel its responsibility. It is therefore with facts until the event is upon us.
Admitting this then to be about the situation of Govern¬
deep regret we see it stated that at the informal
conference
between Secretary Manning and certain ment affairs, when could there be so favorable a moment
bank presidents here within a few days, there appeared as the present for any operation which should transfer
to be
a
There never
disposition in Government circles not, as gold from the bmks to the Treasury?
was
a period when the banks had so large a reserve
yet at least, to make any request for aid, while among
Commerce therefore would
bank officers delay and secrecy seemed to be in favor. For and so little demand for it.
obvious reasons we think both of these positions are not feel the withdrawal, while the banks, whatever plan
unwise. If it is reasonably certain that the Government will was adopted, would lose no interest because the capital is
We proposed last week that they should
need help during the coming summer there is certainly no already idle.
take
the
Government’s
subsidiary silver, and we believe it
time like the present for extending it.
On the other hand,
if the banks have determined to let the Government have is to-day the only feasible and substantial way they have
the benefit of their overflowing resources, it should beyond of really helping the Treasury. To accept silver certificates
a doubt be done openly.
coupled with a promise not to pay them out, as the Treasury
The whole controversy thus narrows itself down to proposes, is, we are sorry to say, not practical.
There
are about 66 presidents, with an equal number of cashiers,
the question whether the Government is likely to need
and they are all very honest men of course ; but in man¬
help. We think the present conditions and prospective
wants clearly point to that end.
We stated a month ago aging their trusts they are much like railroad managers, so
that the present conservative management of the Treasury very alert that they are never able wholly to trust one
would develop good fruits later on, and therefore that the another, and could not therefore enter into such an arrange¬
in the
For granting it made, only the superhonest ones we may assume would live up to their promise,
same
would not prove correct.
The approaching first of June making of the certificates a fixed asset ; while some of the
Treasury statement will confirm this view, the loss in May others—may we not just as certainly assume ?—would turn
oeing probably onty somewhere about 2 million dollars, them with marvelous celerity into a quick asset. The
against a loss in April of nearly 8 million dollars. This plan, therefore, is not practicable. But waiving for the time
saving, though to some extent exceptional, has been being, the manner in which the assistance should be
brought about in part through a larger surplus revenue, extended, the need for it and the present timeliness of it
Waiting till it becomes
but mainly through an increase of the payments of the seem to us beyond controversy.
customs duties in gold; the Treasury, instead of paying out a question of urgency with the Government and until the
silver certificates as they came in, having retired a portion of country begins to move its crops, and therefore has more
them, and as the New York supply has thereby decreased, a uses for money, savors of recklessness.
To argue the remaining question, whether the aid
recourse to gold
on the part of those needing funds for
shall be extended quietly and secretly, or openly and
payment of customs became a necessity. As a result
If there were no
of all this, the proportion of payments in gold and its above board, seems hardly necessary.
decline in the gold reserve at the
rate in future months as in the month of April,
current estimates
of
a
ment as
suggested.
objection to secrecy, its impossibility should lead to its
equivalent has increased from 59 per cent in April to
rejection.^ Of course the plan contemplates the participation
probably 62 per cent in May.
But that fact does not at all remove the probability of a of all the city banks. There are, as stated, about sixty-six in
considerable Government need later on.
It should be the Clearing House, with five to seventeen directors to each
remembered that in former years when silver dollars and bank, and a good many newspapers in this city that know
other
640
how to
THE
worm
out
a
secret
even
when much
more
CHRONICLE,
closely
held than this could be.
Is it not idle to talk of secrecy
under such circumstances ?
But even if the circumstances
[Vol. XL.
be defeated at all hazards.
same
moment
Mr. Jewett
fortunately at the
recollected that the laws of
Ohio did not
permit the consolidation of parallel or competing roads,
concealment, is it not every and certainly the Cleveland & Indianapolis and the
way better to take the public into the confidence of the Hamilton & Dayton were competing roads, since both ran
banks and make no mystery of it ? A secret always has to
Cincinnati, the only difference being that the initial
a
kind of ghostly air about it, and if anything in these point of the one was at Cleveland and of the other at
relations could excite alarm, there would be no better way Toledo.
Here was Mr. Jewett’s opportunity.
The
of doing it than in thus putting a mask over the truth and
malignant spirits who were engaged in a base attempt to
violate the laws of the State should be made to know
letting it leak out by bits.
Besides, what has brought us into this state? We assume that public zeal had not yet died out, and that the inter,
—because it is so obvious now, no one will have the hardi¬ ests of the
community would find an aggressive champion
hood to denv it—that it is the'coining of silver dollars and in the
person of the president of the Erie.
If the interests
were
much
more
favorable to
the forced issue of silver certificates
on
them. The
country
of
the
Erie
could
at
the
same
time
be
furthered,
has been
trying to make value by statute and has of course all well and good, but that was obviously merely
failed.
In view of this fact, is it not
obviously the duty an incidental advantage—not at all the controlling
of the banks, while extending aid so
unselfishly, to be motive. Mr. Jewett did succeed in baffling the enemies
very careful, as the Springfield Republican says, not to of the State.
The courts would not sustain the consolida¬
let the country lose sight of the
responsibility of Congress tion, and the whole scheme fell through. Mr! Vanderbilt
for the crisis which has made that aid
necessary, and of however held a controlling interest in the stock of the
the false legislation that has brought us
to this state; since Cleveland & Indianapolis road, and in that way got
the greater publicity that is given to the
condition, and possession of that property. On the other hand, he did
to the act that is to relieve
it, the better, as an educational .not control the Hamilton & Dayton.
influence, it will be for the people. For this silver disor¬
It was at this juncture that Mr. Jewett set about to
der is not the only currency error that needs
correcting. secure the Hamilton & Dayton to the Erie beyond peradIt is the more imminent
danger, and therefore for the time venture; but judging from the decision rendered this week
being the most disturbing; but when our people have been some one with a good knowledge of law was successful in
relieved from that, and have realized that to it their
present devising a scheme that could be used to promote Mr.
sufferings are so largely due, they will be the more ready Jewett’s purposes whether in or out of Erie. While the
for general currency reform.
controversy between the Hamilton & Dayton and the
Cleveland & Indianapolis was in progress, a number of
ERINS CINCINNATI HAMILTON <£• DAYTON the
leading stockholders of the first-mentioned road formed
CONNECTION.
a
pool the better to protect their interests. It was to this
For the second time, Mr. Hugh J. Jewett has achieved pool that Mr. Jewett went, and effected an arrangement
a
victory in the Ohio courts in a matter involving the by which the stock in the pool (some 20,000 shares, repre¬
control of the Cincinnati Hamilton & Dayton road—the senting a controlling interest) was placed in trust; and
c
9.
-
Erie outlet to Cincinnati.
There is
a
difference however
trust certificates therefor issued to the holders.
On these
triumph and the present triumph. In the certificates the Erie guaranteed G per cent dividends per
one case he was
the active agent and representative of year—that is, it agreed, in case the Hamilton & Dayton
the Erie interest, and all his efforts were directed to stock itself did not pay that much, to make up the differ¬
strengthening that interest. In the other, he appears as ence. Mr. Jewett was the trustee, but of course he had
the champion of the forces hostile to that road, and all no ambition of his own to serve; he represented simply
his power apparently is enlisted in a Warfare intended to the Erie Company, and one of the terms of the agreement
cripple the trunk line which he but a short time ago was is said to have been that he should on demand turn over
apparently so zealous in building up. Ilis victory in the to that company a proxy for the stock in his control.
former case was complete too; in the present case it is only
So long as Mr. Jewett remained at the head of the Erie,
not
a
whisper was heard of the illegality of such an
partial.
There is much that is peculiar and interesting about arrangement.
To be sure it was a trifle unfair to the
the connection of Mr. Jewett and the Erie with certain Ohio minority, since in a certain contingency they might not
railroads.
Only a few years ago, Mr. J. II. Devereux, the fare as well as the majority, but under the circumstances
present head of the Cleveland Columbus Cincinnati & it was impossible to avoid this, since the Erie wanted not
Indianapolis road, also officiated as president of the Cin¬ the whole stock, but merely a controlling amount, and of
cinnati Hamilton & Dayton and the New York Tenn
course sought to reduce .its
liability to a minimum. Be¬
sylvania & Ohio. .Mr. Devereux was at that time * en¬ sides, it was an arrangement not with the Hamilton &Daygaged in an effort to bring about a consolidation of the ton Company, but with certain owners of its stock, wTho
Hamilton & Dayton with the Cleveland & Indianapolis. simply placed their holdings in trust for their owrn benefit.
That gentleman and Mr. Jewett were on good terms, and The interests of the minority stockholders, moreover, did
Mr. Jewett offered no opposition to the movement.
It not appear threatened thereby. And as far as the benefit
was
claimed that he actively aided Mr. Devereux, but to result to the majority stockholders is concerned, the
that Mr. Jewett denied.
Certainly, however, he was at occasion never arose for its exercise, since the Hamilton
that moment not averse to the consolidation.
Mr. & Dayton has paid G per cent out of its owm earnings?
Devereux was regarded as an Erie man, and it was and thus" minority and majority stockholders have received
supposed that the consolidation would benefit the equal dividends. Nevertheless, with the severance of
Erie.
How it happened is not known to the public, Mr. Jewett’s relations with Erie, it was discovered that
but suddenly Mr. Devereux was
transformed into the arrangement was in defiance of law, and, therefore^
a Vanderbilt man.
Then it was that a marked change would not stand—just as previously it had been discovered
came over Mr. Jewett himself.
His eyes were opened to that the consolidation arrangement was illegal, when it
the fact that the scheme in which he had been engaged became clear that the Vanderbilt interest, and not th«
with Mr. Devereux was a wicked conspiracy which must Jewett interest, would profit thereby.
between his former
May
Of course,
.
THE
30, 1885.]
the validity of the trust had to be
CHRONICLE.
attacked
known, it would probably be found
refusal of the Lake Shore at that time to serve
If the truth
that the
641
were
through a minority stockholder, and this was accordingly
done. The suit was brought by Geo.IIafer on behalf of certain any longer as a connection for the Erie had as much as
minority holders,and sought to enjoin Mr. Jewett from trans¬ anything to do with the efforts then put forth by the Erie
ferring a proxy for the pooled stock to the Erie board, or managers to extend their system to the leading Western
traffic centres.
It will be remembered that the Erie at
their nominee, and if such tranfer was made to enjoin the
that moment seemed to be threatened even with the loss
Hamilton & Dayton officials from receiving the vote on the
of the New York Pennsylvania k Ohio road.
That road
same. It will be noticed that the plaintiff did not seek to re¬
was subsequently secured beyond doubt through a lease of
strain Mr. Jewett from voting the stock, but simply the Erie
the same to the Erie, while at the same time the acqui¬
road, which clearly demonstrates that though the proceed¬
sition of the Hamilton & Dayton furnished an outlet to
ing was intended to be inimical to that corporation it was not
so intended towards Mr. Jewett.
Moreover, the plaintiff the Southwest and the definite determination to build the
defendant, Chicago & Atlantic made certain an outlet to Chicago and
Erie Com. the Northwest. It is interesting to see that now the
Chicago & Atlantic connection (of which Mr. Jewett is
pany be placed on an equal footing—that is, if the Erie
be restrained from voting the stock, that Mr. Jewett be President) as well as the Hamilton & Dayton, appears lost
likewise restrained.
Then besides that, the defendant to the Erie, since the management of the first-named has car¬
ried its animosity so far, that the Erie no longer sends its
charged that Mr. Jewett, though holding his trust merely as
demurred to the cross petition filed by the
and which asked that both Mr. Jewett and the
traffic over the line.
But with reference to this Chicago &
agent and bound to transfer the stock back to it, positively
refused to deliver over the proxy and expressed his deter¬ Atlantic road it may be said, as of the Hamilton & Dayton,
mination to vote the same against the Erie’s interests.
It only with threefold greater force, that there is no lack of
Erie to file its cross-petition. other outlets to the same point that the Erie can use. In
was this that induced the
As showing finally the position of Mr. Jewett, it is only fact, that is just what it is doing. It need never fear that
it cannot find a road to Chicago.
The main trouble about
necessary to say that he did not deny the allegations of
its
the Chicago & Atlantic affair is that the Erie is very
defendant, and did not put in an appearance. The
court reviews the whole matter at length, and comes to the heavily interested in the road financially.
All this is on the supposition that through traffic is a
conclusion that the trust agreement is void, “ both upon
the
ground that the power is denied to one corporation very desirable kind of traffic to have, which it is not.
There is no profit on that class of business at present rates,
to control another, and that the stockholder cannot bar¬
and there seems no hope of any immediate improvement,
gain away the right to vote upon his stock.” Accord¬
As things are now, that road is doubtless best off that has
ingly, the injunction demanded by the plaintiff is issued
the least of the through traffic..
So if any regret is
Hence, as respects his main purpose—that of preventing
the Erie from controlling the coming Hamilton
Dayton expressed at the Erie's position with reference to through
election—Mr. Jewett has been successful. But as respects connections, it should be tempered with the feeling that
for the present at least it is losing a kind of trade which
the purpose to control that election himself, in his own
We think, however, that the new
it is best not to have.
interest and against that of the Erie, he is unsuccessful,
managers will prove equal to the emergency that con¬
for the court also enjoins him from voting the stock.
fronts them, and hope therefore to see the Erie system
It seems to be admitted that the decision makes neces¬
preserved in all its essential parts.
sary the taking up of the trust certificates and the return
of the Hamilton & Dayton stock covered by the same to
OUR FOREIGN COMMERCE.
their respective holders, in which case the hold of the
“the
11
The Bureau of Statistics now issues its returns more
be loosened. It may
not be amiss therefore to consider for a moment what the promptly than formerly, and the figures of the country’s
effect on Erie would be in such a contingency. And foreign commerce for the month of April have been pub¬
lished this week.
The statement bears out our anticipa¬
here we
Erie
on
the road would of
course
that while not at all desirous of belittling
the value of that road,"it is very easy to exaggerate its
importance to the Erie. Its chief utility is in giving the
same an outlet to Cincinnati.
Of course it is desirable-that
such outlet should be under the Erie’s control, and the loss
of the Hamilton & Dayton is to be especially deplored
because
it furnished that desideratum without up
to this time having entailed a dollar of expense, yet it
must mot be forgotten that this is not the only outlet to
that city, and that doubtless arrangements with other
connecting roads could very easily be made. We are not
referring to the Cleveland & Indianapolis road, but rather
*to the. Pennsylvania, whose managers have for years
conducted their operations on broad and liberal principles,
and who could be depended on to furnish the necessary
may say
claimed, the Hamilton & Dayton
Pennsylvania hands, why then, we
doubt not, the Erie would be permitted to use that
road as heretofore.
Very likely, the Cleveland k Indian¬
apolis, too, would willingly grant accommodations, and
welcome the additional traffic of the Erie, now that
business is dull.
But that road is under Vanderbilt
influence, an(I when times improve, as they certainly will,
the Erie might be ordered off, just as it was summarily
-O-’dered off the Lake Shore some three years ago.
accommodnUons.
shall
now
If,
fall into
as
tions—that
is, it is quite favorable for this season of
the
year,—and instead of a balance against the United States
in the amount of 4 million dollars, as in 1S84, we have
this year a balance in our favor in about the same amount,
making a comparative improvement over 18S4 of 8 million
dollars.
The improved result, however, is this time more
strikingly shown in the figures of the specie movement.
Last year in April gold was flowing out of the country in
large volume, the total gross exports reaching $21,047,525, against which there were imports of $3,010,429,
leaving the net gold export $18,037,090.
This year
the outflow in April was only $1,157,995, while the imports
were $782,533, leaving a net export of only $375,402.
The reason for the smaller efflux of gold is found not
only in the better merchandise showing for the month of
April, but even more in that for the months immediately
preceding, so that if our currency conditions had permitted
it there would have been a flow of specie this way in quite
a respectable amount, as the excess of merchandise exports
over imports in the four months ended April 30 was $52,747,018 this year, against only $10,892,834 in the same
four months in 1881, and for the twelve months ended
April was $155,959,352, against only $70,303,941 in the
previous year. The latter represents a difference of nearly
642
86
THE CHRONICLE.
millions in
favor
of the
present year, whereas the
difference represented
by the gold movement is only 40
millions—that is, there was a net
gold import of 20
millions in the twelve months in
1884-5,
export of 20 millions in 1883-4.- But
referred to this point of the
against
we
relatively better
a net
have
584,
an increase of
$1,903,563, making a total increase in
these two items of over
$3,700,000. Cotton is another chief
export staple, but at this season of the
year does not count
for so much.
The movement in
April was about the same
in the two
years, the number of
J
gold
often
so
[VOL. XL.
trade returns
bales sent out
been
having
186,302 and 186,098
this year, and the fact that
in 1885 and 1884,
owing to currency derange¬ but prices were from respectively
| to a cent per pound lower,
ments we were not
experiencing the full benefits of the which would
accordingly diminish the value of the exports
improvement, that we need not dwell upon the matter now. this
year.
The
breadstuffs and provisions
The following table will show the
shipments im
merchandise movement the two
for
seven
years
years—in April and the four months ended
April 30.
from leading ports
are
shown below.
EXPORTS OF BREADSTUFFS AND
PROVISIONS FROM LEADING PORTS.
1885.
April.
Exports.
1885
Excess of
Imports.
%
$
49,893,504
00,903,905
57,952,370
70,885,015
70,500,538
54,341,802
1883
1882
1881
1880
1879
Here
a
Exports.
$
$
.
Imports.
$
to reveal that
though
our trade
a more
which to that
gratifying condition than a year ago-—
extent of course is an
encouraging feature—
yet far behind the “flush” years of
1879, 1880 and
1881.
Thus neither in
April, nor in the four months ended
with April, was the value of the
exports up to those of 1879
even, while being very
those
we are
BostoD, &c
Philadelphia
Other ports
Total
1.628,758
2,007,387
643,037
5,077,034
10,782,591
3,831,394
1,763.321
813.959
1,643,756
846,546
14,078,251
56,258,576!
12,251,178
45,078,692
3,725.637
18,146,034
4,630,326
*
188,440
1,955,473
1
4,987,258
22,926,093
9,552
Baltimore
72,690i
1,361.292]
8,038
33.533
1,976,521]
646,182
399,646
1,615,007]
385,808
126,737
3,691,231
2,140,163
171,165
2,597,790
32,910,498!
5.263,584
26,922,736
49,793
1,013,274
474,906
43,129
539,175
Boston, &c
Philadelphia
San Francisco
Other ports
Total*
Not
$
5,039,683
1
New York
New Orleans
*
April 30.
$
17,839,078
1,230,547
6,149,891
5,833,501
2,383,408
7,485,932
4,156,335
1,462.489
San Francisco
Provisions and
Dairy Exports.
$
20,102,467
2,514,195
9.320,569
465,177
2,559,706
Baltimore
+52,747,018
Jan. 1 to
April.
April 30.
$
5,311,647
New York
New Orleans
Exports.
1884.
Jan. 1 to
April.
Excess of
54,103,003
+10,892,834
57,000,905
+54,731,923
00,301,167
-8,408,791 242,093,832 250,748,118 -8,051,280
59,179,014 +11,700,001 297,707,178
212,933,139 +84,834,039
74,300,455
-3,805,917 274,804,931 250,108,975
+18,755,956
42,130,101 +12,205,701 244,734,538
152,881,771 +91,852,707
glance suffices
to-day is in
Exports.
*
+4,143,170 238,709,277 180,021,059
—4,200,499
241,340,2511224,447,417
+3,897.000 285,791,217.231,059,224
52,930,920 48,791,750
1884
Breadstuffs.
Jan. 1 to April 30.
7,167,147
including live
4,773,299!
180,5881
04*740
49,616
stock.
considerably below
of 1880
There is considerable interest
attaching just now to the
balance, too, compares unfavorably with details
of the breadstuffs
that of those
exports.
The gain over last
years.
For instance, in April, 1881, there
year
is
not,
as
some
was
an excess of
might suppose, the result of an
exports of nearly 12 millions, and in
increase
in
1879 of over
wheat, but solely the result of an increase in
12 millions,
against but 4 millions now.
corn, of which the exports this
In 1880, to be
year in April reached a
sure, there was an excess of
emports,
but
value
of
that was
$3,691,208, against only $1,651,394 in April,
simply because of the tremendous speculation in 1884.
In
quantity the gain is even more striking. The
foreign merchandise then being carried on, under which
exports in the present April were
the totals mounted to
nearly 7 million bushels
larger figures than ever before.
—actually 6,814,439 bushels—against uonly
The difference between that
2f millions
year of great activity and the
(2,756,549) bushels in 1884. For the four months the
present year of extreme depression is
strikingly shown in shipments of the cereal foot
the fact that then the
up nearly 29 million bushels
and 1881.
The
month's total trade—that
is, the
(28,939,762) or an average of over 7 millions a month,
aggregate of the exports and imports
together—was nearly while last
145
year they were only 11,890,418
millions, while in the present year it is
bushels, or less
only 10 H than 3 millions a
month, and this gain in quantity for
millions, the exports in 1880
having been over 701- the four months has
brought with it a gain in value of
millions, against scarcely 53 millions now, and the
imports over 7 J million dollars. In wheat there
over 74
was in
millions, against less than 49 millions.
April a de¬
cided falling off, but this was made
good by a large increase
Turning more particularly to the comparison between
in flour, the
this year and
exports of which continue on an
last, we find that for the four months the
exceptionally
large scale. For the four months there is a
improved result is due entirely to the diminished
heavy gain
imports, both in wheat and flour. It is to be
(the exports having been slightly less); but for the month
noted, too, that rye
has suffered a
of April is due both to
noteworthy contraction, while on the other
larger exports and smaller
imports.
hand oats have
undergone an equally conspicuous expan¬
millions, against about sion, the
exports this year having a value of
imports are only 4S-J millions,
$714,949;
against but $58,194 in the four months of
against over 54 millions last year. Thus
1884, and the
imports have rye exports being but
fallen off
$349,610, against $1,144,1S4 the
5£ millions and exports increased 3 millions.
previous year. The subjoined exhibit presents full details.
The continued
falling off in the imports, though
DETAILS OF
The total of the former is about 53
50 millions in
1S84, and the
necessary
restore the equili¬
brium in the trade
April.
movement, which was disturbed both
by the excessive speculation that prevailed a few
years
Barley
ago and the currency conditions that fostered
it—this falling Corn
off is the direct result of
Corn-meal
the
as a
corrective
through
measure
and
depression
as
a
consequence of
our
As
we are
passing
past and present foflies.
regards the exports, it should be
remembered, in insti¬
tuting comparisons with past years, that prices are
much lower now, and that
BREADSTUFFS EXPORTS.
tending to
very
on a
basis of
quantity
exported
the present year would be able
to give a better
account of
itself.
With reference to the increase
of 3 millions in the
Quantity.
1885.
bush.
bush.
bbls.
bush.
Oats
Oat-meal.. .pounds.
Rye
bush.
Wheat
Wheat-flour
...
bush.
bbls.
13,400
6,814,439
31,084
574,373
2,158,233
118,494
4,898,517
1,148,435
1884.
Barley
Corn
Corn-meal
Oats
70,655
bush.
bbls.
bush.
28,939,762
77,616
1,792,101
1884.
$
3,691,208
26,062
394,654
577,013
6,114,526
74,663
66,147
12,946
12,274
88,* 83
4,437,519
5,439,506
419,559
6,221,635
3,849,991
14,078,251
12,251,178
34,117
121,142
7,287,803
239,377
58,194
230,933
1,144,184
20,259,360
15,737,699
728,886
to,Apr. 30.
bush.
1885.
34,955
2,756,549
20,085
Total for month.
Jan. 1
Va luc.
189,724
11,890,418
72.569
113,333
6,947
93,04 7
2 47.078
15,070,689
236,286
17,232
1,651,394
714,949
Oat-meal... pounds. 12,095,586
last year, the gain is to be attributed
7,859,760
374,414
Rye
bush.
509,0
s
2
entirely
1.584,127
349,610
to the
bush. 21,212,568
larger breadstuffs and provisions exports, the bread- Wheat
19,376,633
20,620,772
Wheat-flour... bbls.
3,977,991
2,867,430
stuffs exports
18,857,739
amounting to $14,078,251 this year in April,
Total for year...
45,078,692
against $12,251,178 last year, an increase of
In provisions the
$1,827,073^
and the provisions
gain is in pork products, every item
exports to $7,167,147, against
$5,263,- of which exhibits an increase both in April and the four
exports
over
643
THE CHRONICLE
30, 1885.J
May
of beef falling
good, and the agricultural outlook is not discouraging. A
greater measure of confidence is required, and that granted,
The
we
may look forward to the future with more hopefulness
follow below.
than was possible a few weeks ago.
.DETAILS OF PROVISIONS AND DAIRY" EXPORTS.
The directors of the Bauk of England have made a further
Value.
Quantity.
reduction of
per cent in the rate of discount, and the mini¬
April.
1884.
1885.
1884.
1885.
mum is now only
per cent.
The change has caused no
$
$
Live Stock—
surprise, and it is doubtful whether the lowest level has even
1,484,844
1,276,331
15,707
12,881
Cattle
No.
14,620
86,615
974,
yet been reached. From the present position of the money
8,298
Hogs
Beef Prod ucts—
174,572 market there is no reason why the rate should not go down to
572,169
Beef, canned..
1,205,189
902,889
2 per cent, for there is scarcely any inquiry for money. Since
12,044,286
9,9*18,914
Beef,fresh,lbs.
266,191
months, and in canned beef (other forms
mostly behind) and in butter and cheese.
figures
•
3,327,327i
16,952,425
6,538,775
9,350,050;
2,727,955
3,371,105
756,086
1,011,692
339,711
Pork, fresh,
salted, &c...
Lard
6,374,429
23,775,770
2,596,874
13,619,627
444,642
1,861,225
227,122
1,304,851
1,041,132
5,598,650
777,448;
159,622
452,963
129,433
237,900
7,167,147
5,263,5S4
4,232,151
202,453
4,576,035
74,301
1,619,321
970,418
4,243.487
Dairy Prod’cts—
Butter
Cheese
2,590,537j
Total*
Since Jan. 1.
Live Stock—
Cattle
46,242
5,074
42,374
18,768
No.
Hogs
270,939
5,044,603j 1
Pork, Products—
Bacon
Hams
375,507
4,711,973
4,052,384
Beef,salted,&e
Tallow
Beef Products—
I
Beef, canned..
1
366,923
'
Beef,fresh,lbs.
Beef, salted,&c
40,688,717
15,472,481
42,027.087!
2,982,363
3,865,354
1,225,537
Tallow
Pork Products—
Bacon
Hams
17,594,423
19,363,020 |
1,151,370
1,510,879
3
!
21,326,828
17,380,586
11.082,821
2,348,465
8,869.561
2,175,046
28.303,534
15,228,292
48,776,763
1,982,568
7,571,534
1,303.623
4,745,145
701,068
1,362,410
687,990
1,347,646
32,910,498
26,922,736
90,510.230;
130,829,687
Pork, fresh,
salted, &c...
96,261,783
Lard
Dairy Prod’cts—
3,836,842
12,301,296
4,399,849
15,455,789
Butter
Cheese
Total*
*
Not
1,063,941
including live stock.
Pl0uetai:a[l©ammerctal gngltslx JJ,eu»s
RATES OF EXCHANGE AT LONDON AND
AT LATEST DATES.
Amsterdam.
Amsterdam.
Hamburg..
.
Berlin
Frankfort...
Vienna
ti
25-6114025'66v4
25-61 q 025*66 q
25,5212 ®25,5712
233i 3>2378
it
Trieste..
it
..
Paris
Paris
May
May
May
May
May
May
May
May
May
May
12 3*4 012-4
Sight. 12-1 *4 to 12-214.
3 mos. 2062 0 20-66
20 62
020 66
it
20-62
a>20-66
3 mos.
it
Antwerp.
St. Petersb’g
Latest
Date.
Rate.
Time.
On—
it
Short. 25*26 q® 25*31 *2
44
25-77q'S>23-82^
Madrid
44
Cadiz
it
45% ©40
4^34®46
..
Lisbon
U
Alexandria.
it
May
©25*50
3 mos. 25-45
Genoa..
May
May
May
May
May
57%a>5178
....
it
Calcutta
New York...1 69 days
Hong Kong. 1
Shanghai....!
_
m
m
•
m
m
m
m
-
....
l
1210
......
Short.
20-47
it
20-43ifi
it
20-47
12-50
it
it
it
.
.
....
25-24
Checks
Short.
4690
3 mos.
4
it
15 tel. tsfs
15
15 60 days
15 4 mos.
May 15
.
The
with the movement at the Bank.
The
following
are
the present prices for money:
44
Interest allowed
Trade Bills.
Bank Bills.
Lonion
Joint,
Three
Four
Six
Three
Months Months Months Months Months Months
nom3*4nom
- 25632H 254® — 3
@3% 3140 3% 2%3 - 2%@254 254(3)2%!3 @ 24 3% 2*6325$ 2 m - 3 <® -25432% 3 03% 31403%
May 1 3% 2%@2% 2%@ - 2%® - 25402% 2% 03
8: 3
w@w 2 ® — 2>43 - 2%32* 21432% 2%02%
15! 2% !%<§> - IK® - 15$@ - 2 @2q 21402% !2%03
“
17
7 to 14
At
Banks. GaU.
nom 3
3
Apr. 10 3% 2%@
Disc’ t Wse
Stock
Six
Four
13%03%
Days.
2%
2% 254-2H
2%
3
2J4~2J4
2% 254 2%
2% 254-254
1% 154-154
1
1*4-1%
2%
2%
“
2
1%
following return shows the position of the Bank of
England, the Bank rate of discount, the price of consolp,
the price of middling upland cotton and wheat, and the Bankers’
Clearing House return, compared with the three previous years:
The
110-75
lS. 6'U;jod.
Is.
4ft
4*865*4
3s. G78<1.
4s. 1 l%d.
1
16, 1885.
Circulation excluding
7 (lay <fc other bills.
Public deposits
Other deposits
Governm’t securities.
Other securities
Res’veof notes & coin
Coin aud bullion in
both departments..
Proport’ii of reserve
to liabilities
Bank rate
£
£
£
£
1882.
1883.
1884.
1885.
have been circulated respecting fur¬
ther difficulties on the Afghan frontier, but they have turned
out to be baseless, and the prospects of peace are considered to
be about as good as they were a week ago. There is no question
that anxiety as to the commercial future has been relieved.
Business certainly is not brisk, but it is improving, and the
improvement is fairly general. Metals are hardening. Cop¬
per and tin show a distinct recovery, the former disclosing a
marked rise from the lowest points.
The truth is values had
fallen so low that further depreciation was hardly possible, but
the recovery is none the less welcome. More encouraging re¬
ports are also to hand from the woolen and cotton districts.
The tone all round is better, but we will have to wait
and
see
whether
any
real
business
will result.
So
far railway traffic does not
reflect the healthier
tendency,
the
receipts still comparing unfavorably
even
Yet there
with the reduced
totals of last year.
seems to
be reasonable hope that we are about to enter
upon a more active stage of commercial affairs, provided only
that peaceful relations between this country and Russia be
maintained, and that they will be, the yielding disposition of
our Government affords a pretty sure guarantee.
In a week
or two we shall be better able to judge whether the inquiries
now being made will result in such orders being placed as will
revive our dragging industries.
Financially the prospect is
rumors
position of the Bank of England just now is very strong.
proportion of reserve to liabilities stands as high as
50’58 per cent.
The joint stock banks and discount houses
have reduced their rates of allowance Yz per cent, in sympathy
The
44
41
London, Saturday, May
A few vague
week in connection with the Term payments.
to Scotland last
25-35
it
[From our own correspondent
it will be regulated by the
quotations for cereals and raw materials. Should values re main
as low as at present—and there does not appear to be any valid
reason to anticipate a permanent rise in breadstuffs at least—our
disbursements on account of food to foreign countries will not
be larger than last year.
At the beginning of the year tho
stock of gold in the Bank of England was £20,693,496, and it
is now £26,442,942.
This is a gain of £5,747,448. Since the
.commencement of the year, and up to the date when the last
weekly Bank return was made up, the result of our import
and export operations was a balance in our favor of £4,843,000.
The sum gained from general circulation has, therefore, been
only about £900,000 ; but about £750,000 was temporarily sent
Rate.
....
May
May
May
May
7L(1.
7 qd.
Is.
Is.
export commences, and even then
for deposits by
Short.
•
usual Autumn demand for
Open market rates.
Time.
Mav 15
it
Constant’ple
dem’nd
Bombay
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
movement will continue until the
ON LONDON
EXCHANGE ON LONDON.
EXCHANGE AT LONDON-May 15.
gold has been flowing almost
uninterruptedly into the Bank from abroad, and that without
any endeavors to attract the metal.
It is possible that this
the commencement of the year
24,014.415 25.623,845 25,787,745 25,900,430
5.611,190
6,701,749
7,605,619
8,307.491
23 661,452
20,211,019 23,638,359 23,149,837 1 3.474.213
14,097,134
20,747,528
17,548,527
12,639,977
21,346,635
15,075,034
13,634,917
21,373.028
9,820,065
21,216,379
26,442,942
21953,899
19
857,810
22,724,440
50-58 p. c.
2*2 p. c.
Ouq^d.
33s. Id.
Consols
Eng. wheat, av. price
Mid. Upland cotton..
No. 40 mule twist....
48 p. c.
32% p. c.
2% p. e.
101 %d.
4 p. e.
9%d.
Clearing-Houseret’n. 86,931,000
The Bank rate of discount
4
2% p. C.
3 p. c.
102 %d.
46s. lid.
6d.
lc2d.
43s. Od.
38s. 2d.
511 iod.
12,508,010
513l«d.
5iq«d.
lod.
10%d.
978’1.
97,915,000 125,810,000 102,589,000
and open market rates at
chief Continental cities now and for tho
the
previous three weeks
have been as follows:
May 7.
Jfay 14.
Rates
April 23.
April 30.
of
Interest at
Bank
Open
Bank
Open
Bank
Open
Bank
Open
Rate.
Market
Rate.
Market
Rate.
Market
Rate.
Market
3
2%
3
2%
4%
4
4%
4
4
4
4
4%
4
4
4
3
3
354
254
2%
254
254
4%
4%
4%
4%
4
354
4
4
4
2%
2%
3%
2%
254
254
4%
354
0
0
0
3%
3%
3%
Purl a
3
25$
3
Berlin
4
4%
Frankfort
4
Hamburg
Amsterdam
4
Brussels
3
Madrid
4%
Vienna
4
254
2%
2%
251
254
4%
3%
3t. Petersburg..
6
0
3
3%
Copenhagen
Messrs.
3%
4
4
3
3
4%
3
.
....
3%
Pixley & Abell report as follows on
3
0
s%
•
•
• •
3%
the state of the
bullion market:
Gold —The
Bank lias bought since last week
£317,000, and sold
£100,000, in sovereigns, for Lisbon. The Bauk of England t>day low¬
ered its rate of discount to 2% per cent.
Silver.—With a further decline in the Indian exchange the market
gave way from our previous quotation of 4978d. to 49%<L, at which rate
the small arrival ex Para was settled; and yesterday the announcement
THE CHRONICLE.
644
of the sale of rs. 5,000,000 of transfers at 1 7*16<1. by the India Council,
did not especially tend to harden the market, though only a small
amount is advertised a* for tender next week ; and we quote 49^(1. as
the price this day. The Kaisai-1-Hlnd takes £181,000 for Bombay, and
£i50 O0u in florins has been sent thence from Veuice.
Mexican Dollars.—The dollars by the Lafayette, £116,000 in value,
have not yet arrived in London, but the majority have been sold for
arrival on French account. The chief arrivals are: From West Indies,
£
quotations for bullion are reported as follows:
Price of Gold.
May 14.
d.
a.
gold, fine
oz.
Bar gold, contain’g.
77
20 dwts. silver.oz.
77
Bar
.
Span, doubloons.oz.
9
May
s.
77
7.
Price
of Silver.
Hay
Bar silver, flne..oz.
7.
d.
d.
d.
9
May 14.
49 %
49 ^
Bar silver.contaln-
...
10^
....
77 10}4
lng 5 grs. gold..oz.
Cake silver
oz.
50M
49 U
53 H
53
13-10
Mexican dols...oz.
S.Am.doubloons.oz
During the fortnightly settlement on the Stock Exchange
just completed, four failures were announced but only one of
any importance.
There has been no special feature affecting
the markets. Politics have for the moment ceased to be a
potent influence, peace being considered assured. Attention
is now being directed to the low value of money and the fine
weather, and a “ bullish” feeling is springing up, but without
so far causing any particular accession to the volume of
business. The speculative spurt seems to have died out. The
scarcity of stock should create a tone of steadiness, but it
remains to be
issues
on
seen
what will be the effect of the new Colonial
the markets.
Messrs. Speyer Brothers are receiving subscriptions for
$3,960,000 ±}/2 per cent gold bonds of the Pennsylvania Rail¬
road Company, the price of issue being 103*< per cent or £207
per $1,000 bond.
it
was
not until 1867 that the total home con¬
sumption of all sorts reached the quantity consumed before
the change.
Home-made spirits did not recover their position
till 1872.”
.
Rather varied weather has been
experienced this week, but
improvement over the previous week. The
easterly winds of the opening days were a check to vegetation*
but since then the wind has changed and a warmer tempera¬
ture has prevailed and a fresh start has been made. The young
wheat plant is not looking so promising as it did a short time
ago, a general loss of color being reported ; still there is not so
far any reason to expect serious permanent damage.
Vienna
advices report that the cold, and in many parts of the country
.wet weather, is beeinning to inspire apprehension for the
crops.
No serious damage, however, appears to have been
incurred so far, nothing indeed but what could be made good
by a change in the temperature. Accounts from Russia repre¬
sent the crops as being somewhat backward compared with
last year.
Favorable reports come from some parts of Italy,
but in others prospects are less hopeful.
The quietness in the wheat trade has continued, as peace is
now regarded as assured.
The market is not affected by
politics. This special influence for maintaining values has
therefore been removed, and the trade is regulated by the
agricultural prospect and by the supplies offering. In conse’
quence the tendency is in favor of buyers.
English wheat
has been specially flat, and has fallen quite Is. per quarter,
the market closing at about its weakest point.
All traces of
excitement have disappeared, and the demand is now quite of
the old retail character.
The weekly average price of English
wheat has risen from 32s. 6d. on April 4 to 38s. Id. per
quarter on May 9, but future returns must be expected to
show less favorable results.
The home grower has, however,
secured some gain from the Anglo-Russian dispute, and the
difference in the average price of home-grown wheat for the
two seasons is now reduced to 4s. lid per quarter, namely,
it has been
16.000; from Vera Cruz, £20,000.
The
tion of duties,
[Vol. XL.
an
England invites tenders for £1,750,000 Metro¬
politan Board of Works 3 per cent stock, the minimum price
being 96f£ per cent.
Tenders for £2,500,000 Queensland Government 4 per cent
stock have been received by the Bank of England.
The
applications amounted to £3,933,200, at prices varying from
£100 15s. Od. to the minimum of 97 per cent.
Tenders at 34s. to 38s. lid. per quarter. American shipments are reported
£97 9s. Gd. received about 35 per cent of the amount applied distinctly heavier, and there are large supplies of Rus¬
produce
coming forward.
This will naturally
for, and those above that price in full. The average price sian
tend to accentuate the reactionary movement which has
obtained for the stock was £97 19s. 4d. per cent.
The tenders for the Victoria 4 per cent loan for £4,000,000 followed the late rise, and possibly values may further
amounted to £11,500,000 at prices ranging from the minimum recede.
The following return shows the extent of the imports of
of 99 to £102 5s.
Tenders at and above £100 13s. 9d. receive
cereal
produce into the United Kingdom during the first
allotments in full, and those at £100 13s. about 80 percent.
thirty-six weeks of the season, the sales of home-grown pro¬
The average price was £100 13s. 9d. per cent.
It will be seen that these two colonial borrowings have been duce, the average prices reached, and other items compared
The Bank of
decidedly successful. The aggregate sum required was £6,500,- with last season:
IMrOBTS.
000, while the total subscriptions were £14,433,000, or nearly
1884-5.
1883-4.
1882-3. *
1881-2.
150 per cent more.
There is no question that investors in this Wheat
CWt. 34,‘*31,519 36,704.550 44,691,18? 42,242,913
country are viewing Colonial Government securities with Barley
11,770,011 11,792,340 12,038,033
9,899,720
Oats
8.382,091
8,075,307 10,150,950
0,505,309
growing favor, and it is not therefore surprising to hear that Peas
' 1,326,925
1,514,449
1,188.227
1,331,079
2.278,210
1,707,558
1,103,219
1,948.43 4
other colonies are likely to come forward.
A New Zealand Beans
Indian corn
17.085,980 18,312,674 13,790,820 14,798.283
loan is talked about, and South Australia, it is said, requires Flour
6.525,744
11,832,146 10,717,527 12,345,462
£2,000,000, Canada promises to become a large borrower,
Supplies available for consumption (exclusive of stocks on
though to what extent is doubtful—estimates varying from
September 1) in thirty-six weeks:
£7,000,000 to £15,000,000. Including the Egyptian loan of
1881-2.
1882-3.
1883-4.
1884-5.
£9,000,000 and the two loans just placed, it is believed that rmports of wheat, cwt.34,931,519 30,70 4,550 44,601,188 42,242,913
6,525,744
Imports of flour
11,832,146 10,717,527 12,345,402
something like £30,000,000 will be absorbed by these means Sales of hoiue-^rown..32‘,007,177 31,390,302 32,055,000 26,793,520
'during the next few months.
Total
78,770,842 78,818,379 89,091,650 75,562,177
The metal market, as already stated, has been appreciably
The extent of the sales of home-grown wheat, barley and
hardening during the week. No actual change has occurred
oats
in the leading markets of England and Wales during the
in iron, but the trade is showing greater steadiness.
first
thirty-six weeks of the season, together with the aver¬
Tin has been decidedly firm.
English has risen 4s. and
prices
age
realized, compared with the previous season, are
foreign 3s. 0d. to 4s. per cwt. Copper also has moved up. Ores
shown
in
the
following statement:
and regulus have advanced 3d. to 9d. per unit.
Slabs, cakes,
sheets, plates, bottoms and ingots have improved from 5s. to
1882-83.
1883-84.
1884-S5.
£1 per ton, and yellow metal sheets are about ijd. per pound
‘
'
....
-
dearer.
proposed addition of 2s. per gallon to the duty on spirit
has produced a stronger spirit of opposition on the part of the
trade than was at first considered probable. Messrs. Mathew
Clark and Sons write as follows on the subject.
There is a very decided opinion among the trade that the
increased duty on spirits will materially affect the consump¬
tion, and that probably a rate of 12s. per gallon on home-made
spirits and 12s. 4d. on colonial and foreign will not for some
time to come give a greater net return to the revenue than
that received under the old rates. In 1861, wdien the duty on
home-made spirits was raised to 10s., a very serious decline in
consumption took place, and although the consumption of
colonial and foreign "spirits had been stimulated by assimila¬
Sates.
The
**
Av'ge
Price
s.
2,238,409 3 4
2,943,17u 31
Wheat, qrs
Barley
256,250
Oats
Sales.
Av'ge
Price
ci.
s.
it.
0 2,188,819 38 11
4 3,031.934 32 3
20
1
310,632 20
O
into cwts., the
kingdom are estimated as follows:
Converting quarters of wheat
whole
1884-5.
Wheat
cwt. 32,007,177
English
Sales.
Av'ge
Price
d.
5
9
235,139 21 2
8.
1,849,340 41
1,931,575 33
totals for the
1883-4.
1882-3.
1881-2.
31,396,302 32,055,000 26,793,520
Market Ileports—Per Cable,
daily closing quotations for securities, &c., at London
and for breadstuffs and provisions at Liverpool, are reported
The
by cable as follows for
the week ending May 29:
—
May
Mon.
Sat.
London.
d.
Silver, per oz
49*8
99116
99%ft
Consols for money
Consols for account
Fr’ch rentes (in Paris) fr 8017*3 80-22‘4
11334
U. 8. 4*38 of 1891
3.42—The
•
12438
40 %
71 *2
U. 8. 4s of 1907
Canadian Pacific
Chic. Mil. & St. Paul
>>
r3
3
Erie, common stock.... 10^3
128 34
Illinois Central
527s
Pennsylvania
7*4
Philadelphia & Reading
86%
New York Central
k-H
plnpr (ex. State).1OO lb.
Wheat, No.2,Spr’g
“
Winter, West., n
“
Cal., No. 1
“
Cal., No. 2, ....
“
“
“
Pork, West, mess..$ bbl
Corn, mix'-, old
Corn, mix., new..
Bacon, long clear
Beef, pr. mess, now.$ to
Lard, prime West. $ cwt
Cheese.Am. choice
7
49316
49:hg
49*8
49-hfi
1007lfi 10034
2
9
c3
H-t
6
85 0
34 9
0
Balance s.
$
s.
7
7
7
6
4 10
d.
s.
4
25.
26.
27.
28
29.
1.560,472 19
Total...
7,5S8,773 59
•*
“
“
2
2
4
50
8%
O
29
87
34
51
6
0
6
0
29
83
34
50
6
0
7
0
28
S3
7 *2 4"
50
0
28
0
83
0
O
O
33
9
34
O
0
50
0
50
0
4
50
4
2
1
8
“
d.
g.
7
7
7
6
7
7
7
6
2
2
9
d.
*
7
$
$
144,151,139 61 24,983.856
144,458,307 86 25,130,986
144,9*7.742 36 25,233.175
144,918,377 HI 25.393,205
1,021,530 pi 144,904,144 30 25,3 18,717
$
1.154.590
1,106.173
932,788
*937,824
04
56
63
77
57
95
99
53
89
925,345 35 145,191,109 30 25,515,692 39
0,081,253
26!
$206,000 gold certiticates taken out
of cash.
Alexander B.
receiv¬
of Orleans. Neb. Capital $*,0,000.
Cashier.
First National Bank of Auburn, North Auburn, Neb. Capi¬
ta!, $'*0,1100. F. \V. Samuelson. President; D. J. Wood, Cash’r.
National Bank of San Marcos. Texas. Capital, $'>0,000.
President; A. E. Harvey,
Tout II. Glover, Cashier.
Daniel A. Glover, President;
Includes
Currency.
tlemen named have been connected with the management of
the company for some time, and their appointment as
ers is in accordance with the wishes of the persons in control,
who desire to smooth the way for a successful consummation
of the reorganization scheme.
To a JY. Y. Timex representa¬
tive an officer of the company stated that John W. Mackay
0
O
following national banks have lately
Imports and Exports for the
965.809 96
1,379,284 85
Coin.
the Postal Tele¬
graph & Cable Company by Judge Lawrence. Both of the gen¬
First National Bank
George AT. Burton.
1,564,412 17
1,023.4 89 56
Payments.
Postal Telegraph.—Henry Rosener and
Chandler have been appointed receivers of
O
(Commercial and IJXtscclUiucous Incurs
Nationa l Banks.—The
been organized:
1,090,301 86
May 23.
2* Vi.
Thurs.
Wed.
Receipts.
Dale.
“
50
O
0
52
67a
8558
5
2
2
9
7
7
7
6
t>»
4 11
50
29
d.
g.
5
7
6
52 %
Tues.
Mon.
1007i« 10. *34
80-4.2% 8030
114*4
114*4
124 34
124%
395s
39r,s
6 *%
70 58
97s
978
1.29%
12978
O l 78
50*4
7
63s
85 78
84*4
978
129*3
I 86*3
d.
s.
Thurs.
7
Sat.
Liverpool.
Wed.
10*4
129*4
523s
3
United States Sub-Treasury.—The following table shows
the receipts and payments at the Sub-Treasury in this city,
as well as the balances in the same, for each day of the past
week:
Fri
Tues.
100
999i« 100
80-02*3 80-0
114
113%
124%
12433
40
40*8
70*8
71
645
CHRONICLE.
THE
30, 1&35.1
Week.—The imports of last
week, compared with those of the preceding week, show
in both dry goods and general merchandise.
an increase
The total imports were $7,653,911, against $6,32.2,226 the pre¬
company’s assets, and that the
needed to make the reorganization a success would be
furnished by Mr. Mackay. It is proposed to recapitalize the
owned about three-fifths of the
money
bonded indebtedness what¬
company at $5,000,000 and have no
It is desired to have the holders of the $10,000,000
of bonds accept in lieu thereof 35 per cent of their par
ever.
value
stock. The $10,500,000 of old Postal Telegraph &
Cable stock will be allowed 5 per cent of its face value in new
stock and the $700,000 of floating indebtedness will be paid for in
Under such a
new stock at the rate of $105 for each $100.
scheme of exchange $4,760,000 of new stock will be issued,
in
new
$5,000,000 of capital in the company’s
of more than $8,000,to the reorganization
ceding week and $6,020,940 two weeks previous. The exports plan. It is expected that Mr. Mackay will be in this city
for the week ended May 26 amounted to $6,407,282, against
between the 15th and 20th of next month.
$7,005,759 last week and $7,102,216 two weeks previous. The
Virginia Stale Coupons.—At Richmond, Ya., May 25,
following are the imports at New York for the week ending
(for dry goods) May 21 and for the week ending (for general Judge Bond, of the United States Circuit Court, rendered a
merchandise) May 22; also totals since the beginning of the decision intended to give practical effect to the recent decision
of the United States Supreme Court.
He decreed that when
first week in January:
a tax-payer tenders coupons for his taxes he lias thereby paid
FOREIGN IMPORTS AT NEW YORK.
his taxes; that he may deposit bis coupons in court, and the
1835.
1884.
1883.
1882.
For Week.
clerk thereof shall give him a receipt, certifying that by order
of court his tax is paid; that the Collector of Taxes is for¬
$1,490,588
$1,371,213
$1,222,794
$1,851,949
Dry goods
6,163,323 ever enjoined from levying upon the tax-payer’s property,
6,992,155
4,733,758
9,974,790
Gen’I mer’dise..
and from returning said property as delinquent for taxes.
$“,653,911
$8,363,368
$5,956,552
Total
$11,826,739
On the other hand, it is claimed that the tax-payer having
Since Jan. 1.
$11,743,6^0 tendered coupons in payment will have to bring an action for
$50,245,897
$53,030,944
$58,135,727
Dry goods
Gen’I mer’dise.. 151,199,158 132,059,567 132,412.349 112,454,970 trespass against a collector who levied on his property, and in
such action the defendant can plead that the coupons tendered
Total 21 weeks. $209,334,885 $185,090,511 $182,658,246 $154,198,620
were not genuine, and the plaintiff is bound to prove their
In our report of the dry goods trade will be found the im- genuineness.
Thus the principal object of the coupon-killers
can be accomplished, for no one can pay his taxes in coupons
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of without first having and winning a law suit.
The vexatious
specie) from the port of New York to foreign ports for the question yet seems to await a final and satisfactory settlement.
week ending May 20, 1885, and from January 1 to date:
—Messrs. Winslow, Lanier & Co. give notice in another col¬
EXPORTS FROM NEW YORK FOR THl? WEEK.
umn of the interest payments
to be made at their banking
leaving $240,000 of the
treasury. It is claimed that the holders
000 of bonds have given their assent
.
Total 21 weeks.
$5,896,051
138,814.510
$5,259 468
For the week...
Prev. reported..
123,300,525
18«5.
1884
1883.
1882.
$5,797,3 “1
112,367,432
$6,407,282
128,978,882
$128,559,993 rl 44,710,561 1118,164,803 $135,386,164
following table shows the exports and imports of specie
at the port of New York for the week ending May 23, and
since January 1, 1885, and for the corresponding periods in
The
1884 and 1883:
EXPORTS AND IMPORTS OF
8PECIE AT NEW YORK.
Imports.
Exports.
Gold.
Since
Week.
30,805
59 i,0o0
5,314,112
137,482
153,625
26.570
$5,921,120
$164,052
18.500
36,212,385
4.300
32,5u0
170,750
$239,170
184
3,850
$5,756,528
219,OOP
73,361
179,827
4,235
402,524
South America
All other countries...
323
$
$24,332
76
12,274
4,370
17,803
159,151
175.257
313.265
5,508
$6,635,481
$31,417
$677,589
168.197
5,759,304
32,695
292,104!
6,035,768
30.085
1.654.541
1.931.910
for the week in 1885, $163,052 were
$22,421 American silver coin. Of the
time, $5,750 were American
$1,250 American silver coin
exports during the same
$5,197,031
3,252,731
4,756,313
$243,204
Of the above imports
American gold coin and
and
33
Williamsburg City Fire
Ins. Co
225
800 People's; Gas-Light Co.
of Brooklwi
81-31%
53 Montauk Fee Fns. Co.. 95
2 Bank of New York
163
20 Bowery Fire Ins. Co
132
50 Citizens’ National Bk..li8
25 Am. Ex. Fire Ins. Co..110
182%
16 2<1 Avenue HR. Co
37 Rutgers Fire I us. Co. ..114
50 Bklyn. Life fns. Co.116-117
20
10
241
134
Shares.
90,650 Trio Gold
Mining Co
& Silver
3e. per share.
15 Hudson
River Water
Power A Paper Co
50
20 Glen Cove Mauuf’g Co. 150
60 Greenwich Ins. Co.
214
100 B’wav it 7th av. RR Co.202
20 R. Est. Kxeh. it Auction
Room (Limited)
99%-%
44 Seventh Ward Nat. B’k.102%
20 National B’kof Com’ce. 152*3
205
50 Greenwich Ins. Co
10 Home Ins. Co
122
25 Greenwich Ins. Co
201
..
(withHdmiss’n ticket). 107
Clinton Hall Assoc’n... 44
1,000 Columbia Rolling Mill
Co
$ 1 25 per slu
100 Nat. Broadway Bank..265
Pennsylv. Coal Co.2-0-220%
125*2
Brooklyn Bank
$2,000 Addison it No. Tenn.
Bklyn. Acad’y of Music
Gas-Light Co. of
Brooklyn
120*4-121 5q
50 Long Isl. Safe Dep. Co. 75
18 Nassau Nat. Bk.of B’kn.201
20 Home Life Ins. Co. of
Bonds.
RR. Co., due 1913
21
$3,000 Elizaneth City it Nor¬
folk PR. incomes
$126 lot
$1,000 Tammany Society 7s,
due 1887
97*4
200*2 $5,000 Elizabeth City it Nor¬
folk RR. 1st mort. 6s gold,
71 Mechanics’ Nat. Bank. 1478?
due 1920, with 5 bonds of
18 Corn Exchange Bank.. 1623*
$300 each for fund, coups.
1,500 New Central Coal Co..47a-5
1st
N. Y
West Indies
Total 1883...
Shares.
230 4 th Niit’l Bank. .112*4-11258
53 Nat’l Bk of Cum. 151*2-153*2
1,312 Nassau
$637,455
Germany
Total 1885
Total 1884
1,412,991
3,003.055
536,658
17,314
173,042
53.471
156,210
Silver.
Great Britain
France
$
30,805
11,750
Since Jan. 1
$
$256,800
9,562
Mexico
South America
All other countries...
Tetal 1885.......
Total 1884
Total 1883
Week.
$900
Great Britain
France
Germany
West Indies
Jan.l.i
during June.
Auction Sales.—The follow ing were sold at auction lately
by Messrs Adrian H. Muller & Son:
house
gold coin
2,719 Cousolid’d Bobtail Gold
Mining Co
$110 lot.
1,000 Evn’gStar Min’g Co.$200 lot.
5 i'homas Iron Ore Co.$200 lot.
2.{ ?d Avenue RR. Co.$121 lot.
i Membership N. Y. Pro^
duce Exchange
$2,330
20 Havana Gas-LightCo.. 12%
44 stuyves’nt Fire Ins. Co.116%
10 Real Estate Exeh’nge&
Auction Room, limit’d. 100*3
30 N;>t. Bk. of Commerce. 152
280 Union National B»nk.. 148*4
HO Brooklyn Gas-Light Co. 126
coupon Sept., 1885
44
$21,000 N. Y. City 7s Accu¬
mulated Debt,due ’88.112*3ifc InL
$1,000 Wabash St. L. it Pac.
RR. 7s fund, hit., due 1907.
Feb., 1885, coupon on
95
$5,000 Chicago Brazil A Ohio
River RR. and Coal Co. 1st
mort. 6s, due 1911
$10 lot
$4,000 Cin. Col. it Hocking
Valley RR. Co. 1st mort 6s,
due 1922, July,’84, eps. on.
5*3
$30'> Eighth av. RR. Co.
eertfa. of indebtedness
109
THE
646
CHRONICLE.
tinental bills
3£hz bankers7 (gazette.
DIVIDENDS.
The following dividends have recently been announced:
Name of Company.
Per
When
Byoks Closed.
cent.
Payable.
(Days inclusive.)
Miscellaneous.
Delaware <fc Hudson Canal (quar.)
1%
Lehigh Coal
3
Navigation
NEW
YORK,
FRIDAY.
June
June
10 May 21 to June 10
12 June 2 to June 12
MAY 29,
1SS5-5 P. M.
The Money Market and Financial Situation.—The busi¬
week ends with to-day, as to-morrow, Decoration Day, is
ness
bank
holiday and the Exchanges will all be closed. Last
year at this time many could celebrate the day only by decorat¬
ing their own gravestones where they had just been financially
buried, and this year the occasion is but little more cheerful, as
a dry rot in business has been substituted for the violent
panic
of 1884, and doubtless as an inevitable- successor of that panic.
The best suggestion that can be made in a general way is,
that Time is a certain cure for the disease, and that the econ¬
omy now practiced on every side and the extreme caution exer¬
cised in all financial operations are sure in the end to bring
a
about
a
healthier
condition
parties except bears
of
affairs.
In the
mean
[Vol. XL.
Francs, 5 18^@5 18| and 5 lof@5 16|q
reichmarks, 95 1-16@95^ and 95|@95f; guilders, 40£and40§.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
$
premium, selling
premium; Charleston, buying $ pre¬
mium, selling 8-16@£ premium; Boston, 12^- discount; New
Orleans, commercial, 125 premium; bank, 200 premium; St.
Louis, 90 premium ; Chicago, 40@50 premium.
The posted rates of leading bankers are as follows *t
were :
May 20.
Sixty Days Demand.
Prime bankers’sterling bills on London;
Prime commercial
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen treiehmarksl
Coins.—The following are
Sovereigns
Napoleons
4 74
3 96
Spau’hDoal)loons.l5 55
4 89
5 15%
40%
95%
4034
95%
4 78
4 00
Silver %s and ^s.
Five francs
Mexican dollars..
Do uncommero’l.
®15 70
Peruviansoles....
®
®
87%
4 86
4 85%
5 18%
quotations in gold for various coins.
$4 85%®$4 90
3 88 tt> 3 93
X X Reichmarks.
X Guilders
4
—
99%®
—
92
®
—
—
84%
—
94
ct>
®
—
—
77%®
Me t. Doubloons.. 15 55 ®15 65
English silver
4 78
d>
Fin-jsilver bars
1 07%S> 1 08% U. S. trade dollars
84% ft
Pine gold bars....
par®% prinj.I U. 8. silver dollars — 99% @
Dimes & % dimes. — 99% ®
par
J
..
time all
par.
94
—
—
85%
79
4 84
85
par.
—
United States
Bonds.—Quite a brisk business was done in
government bonds the past week and prices for all issues have
been strong and advancing.
The closing prices at the N. Y. Board have been as follows:
to
are anxiously inquiring—“How long?”
In the railroad world there is really only one black cloud yet
hanging over the market, and that, jt is hardly necessary
say, is the quarrel among the trunk lines and the deadly
! Interest May
Ma y ! Ma)/
May
May
2/'.
cutting in rates, which absolutely annihilates profits, however
23'.
26'.
25. ’
28
Ksfc;CO
j Periods.
large may be the tonnage carried. Indeed, so heavy has been 4%s, 1891
112
*112
% *112
reg. Q.-Mar. Ill % ! 11 % *111%'
the freight business in this bad year, 1885, that for the four 4%s, 1891....
coupjQ.-Mar. 1 12 % *1127 '1 12 34 1 13 % 113% 113%
121 %
122% *122 l 122 % *122% 122%
4s, 1907
reg.J Q.-Jan. 121
122% 122 *4 *122% 122^4
% 122
months, January 1 to April 30, the amount of grain and pro¬ 4s, 1907
coup. Q.-Jan.
103
103
1 103 % It 3% 103%
103
visions east from Chicago was 1,202,028 tons, an increase of 3s, option U. S ..reg.'Q.-Feb.
129 %
*129% *! 30
*129% 129
6-sonr’oy, ’95 ..reg.i.J. <fe J
*131 % *132
6 i, our’oy, ’96
J. 131 % *131 % *131 % *131
..reg.J.
222,140 tons (about 21 per cent) over the same period in 1884. 6s,car’cy.
'97
reg.J J. <te J.' 132 *133 *133%; *133 % *133% *133%
The recent correspondence with trunk line officers has tended 6?,ear’cy, ’98 ..reg. J. & J. 134 % *135 *135% *135 *135% *135%
1 36 %
13 % 137% *136% *136% *136%
.reg. J.
& J.
6s,onr'ov. ’99
to confirm the opinion long held in Wall Street that the New
This is the price bid at the morning board; no sale was mart*.
York Central is chiefly responsible for the long-continued war
State and Railroad Bonds.—Sales of Slate bonds were as
in rates, and if this company is responsible for assuming the
follows: $10,000 North Carolina Gs, 1919, atll0|; $23,000 do.
position of nihilist, certainly the holders of its stock, both in
this country and in Europe, ought to be made fully aware of special tax bonds at 5@4£; $15,000 Louisiana 7s consols, ex¬
the fact.
coupon, at G5|@G4i ; $30,000 South Carolina Gs, non-fundable,
The bank statement for this week, issued to-day instead of at 3; $1,000 Georgia 7s gold at 114.
Railroad bonds have been somewhat active as compared with
to-morrow, shows a decrease of $105,700 in specie and an
the
stagnant condition of the stock market, and the sales of
increase of $014,300 in legal tenders, with a decrease of $1,793,Erie
2ds have been large, with the price weak; they close at
000 in deposits, making the surplus reserve now
$00,708,925,
404, against 504 last week. New York Chicago & St. Louis
an increase of $950,850 over last week.
Kates for call loans during the week on stock and bond Ists have also had a further sharp decline, closing at.604, against
the other hand some classes of bonds have been quite
collaterals have ranged at 1 @1A per cent, and to-day at the same 701-; on
strong, notably the Louisville & Nashville issues; the general
figures. Prime commercial paper is quoted at 3f@4 per cent. mortgage Gs of that road close at 1004, against 98; do. trust
The Bank of England weekly statement on Thursday showed bonds at 924, against 904; do. ten-forty Gs at 78. against 734;
a gain in specie
of £218,274, and the percentage of reserve to do. E. II. & N. Div. Ists at 1094, against 107; West Shore 5s
close at 31, against 304, under the prospect that all interests
liabilities was 51$, against 50 1-1G last week; the discount rate
may agree upon the last plan proposed for settlement by fore¬
was reduced from 2£ to 2
per cent.
The Bank of France gained closure; Denver & Rio Grande ists at 101, against 98.
7,379,000 francs in gold and 5,452,000 francs in silver.
Railroad and Miscellaneous Stocks.—Another exceed¬
The New York Clearing House banks, in their statement of
ingly dull and stagnant stock market is to be reported for the
May 23, showed an increase in surplus reserve of $2,396,025, past week, with the bulk of transactions conlined to a few
the total surplus being $59,812,075, against $57,41G, 050 the leading shares, the most conspicuous among these being
Lackawanna, in which stock there has been, at times, con¬
previous week.
siderable activity.
The following table shows the changes from the previous
The changes in prices have been very slight, though a
week and a comparison with the two preceding years in the majority of stocks close at lower figures than those ruling at
the close of last Friday.
In the early part of the week prices
averages of the New York Clearing House banks.
were pretty firm, but they have gradually given way, in conse¬
1885.
1884.
quence of the extreme dulness and lack of support, rather than
DifferencesJr'm
1883.
Previous Week.
May 23.
to any particular activity of the bears.
May 24.
May 26.
The continued reports
of
cutting
in
rates,
the
among trunk lines,
lack
of
harmony
Loans and dis. $296,000,200 Dec.$2,74 8,700 $313,178,000 $316.281,5e0
114.607,200 Inc.
966,000
45.510.000
62.826,80 j and more especially the cut in passenger fares instituted by the
Specie
Circulation...
10.430.200 Dec.
98,900
1 ,994,40
14,31C. 8 0
Pennsylvania Railroad, have all tended to depress prices; while
Net deposits..
363,276,900 Dec. 1,691,900 296,575,300 309,630,801'
on the other hand the
30,024.10o Inc. 1,006,300
support given to the Gould properties
Legal tenders.
22,026,700
23,758.300
has
had some effect on the general market in sustaining prices.
Legal reserve $90,819,225 Dec. $423,725 $74,143,825 $77,407,700
Reserve held.
As stated above, Lackawanna has been most conspicuous for
150.631,300 Inc. 1,972.300
67,536.700
86,585,loO
activity, and the price steadily declined to 1004 on Thursday,
$59,812,075 Tnc .$2,396,025 df $6,607,125
Surplus
$9,177,400
closing to-day at 101J against 104$ last Friday. There was
Exchange.—Sterling exchange continues dull in tone, the an apparent lack of support from the clique supposed to have
controlled this stock for so loDg a time past.
inquiry being very light, and posted rates were reduced $ cent
Jersey Central has shown some strength, being stimulated by
on Tuesday; the
following day, however, the 60-day rate was the proposition of Baltimore & Ohio to make an arrangement
advanced $ cent in anticipation of the reduction in the Bank for the use of its tracks and terminals, which would naturally
add considerably to the Jersey Central income.
of England rate of discount to 2 per cent.
To-day weakness was the prevailing tone, and on a very
To-day the rates on actual business were as follows, viz.: small
business prices generally declined; a dispatch from
Bankers’ 00 days’sterling, 4 86f @4 87; demand, 4 88@4 88£.
Chicago that St. Paul had given notice of withdrawal from the
Cables, 4 88£@4 88f. Commercial bills were 4 85@4 85£. Con¬ Colorado pool added to the unsettled feeling.
*
I
..
..
*
..
r.
*
•
May
THE CHRONICLE
30, 1885.]
647
NEW YORK STOCK EXCHANGE PRICES FOR WEEK ENDING MAY
29, AND SINCE JAN.
HIGHEST AND
STOCKS.
Saturday,
Monday.
May 25.
May 23.
2£TRAI l.ltOA I)S.
Albany <£ Susquehanna
Boston & N.Y. Air-Line, prof..
Burlington Ced. Rapids & No..
Canadian Pacific
Canada Southern
Cedar Falls A; Minnesota
Central Iowa
Central of New Jersey
Central Pacilic
Chesapeake ifc Ohio
Do
Do
LOWEST
Tuesday,
May 20.
PRICES.
Sales of
the Week
Wednesday,' Thursday,
May 27. 1 May 28.
Friday,
May 29.
(Shares).
Lowest.
39 7a
40
28
10 4
28
978
.3(3*’
'27
37 V
31 ^
31V
28
104
1034
*9 4
11
*27
*9
30 Hi
37”
'30*8 *3734
36 V
30V
36 4
37 Hi
304
30 7«
3034
30-U: *304
*4
lstpref....
2d prof....
10 V
*2 <
104
*4
434
8
8
5
*4 G
31
4
Hi
*4
7
5
78
74
*4 V
I
*8
11
31
31
44
*4
7 Hi
*7*4
*4 Hi
03
39
*9
11
3534
30*8
37 Ha
32*515
30*8
1,468
*4
*7 Ha
4 Hi
8
5
Fob. 9 133 Ha May
Mar. 25 9034 Feb.
Feb. 4 65
Feb.
3534 Apr. 24
870
934 Mar. 23
Feb.
7
Feb. 18' 134 Mar.
31
Mar. 25 413y Mar.
26HaJan. 31 j 36
Feb.
3
Apr. 71
634 Feb.
7
Apr. 71 124 Feb.
8
4% Apr. 22!
Jau.
300
209
109
734
Highest.
400
100
4 Ha
*4^
138
Chicago <fe Alton
138
12 DV 1214122 4 12134 12134 *121^ 122
Chicago Burlington ifc QuincyJt 122
122
08 G 09
Chicago Milwaukee & St. Pauli 69*8 70
0834 09 V 08Ha 08 7H
08 4
Do
105
105 *4
I 104 Ha 104 Ha’ 104 Ha
106
pref. *
Chicago & Northwestern
931.1 94
9314 94 V 93 Ha 9378| 93 V
Do
128
128
pref.
128Ha 128Ha *127
12841*1274
Chicago Rock Island <fc Pacific
114V 114 V 114 Hi 114 V 115
115
114^
Chicago St. Louis ifc Pittsburg.
*5
8
*0
Do
*12
pref
15
*12
Chicago St. Paul Minn. & Om.
-1934
Do
pref.j
*71* 71
71 4
88
57
*00
39
For Full
Year 1884.
Range Since Jan. 1, 1885.
124
l00
1, 1S85.
23
May
128
Jail.
8,164 115Ha Jan.
7
44
35
11
78 Jan.
Low.
High
126
135
80 4
50
39
90
80
2434
57 V
12
16
90
67 V
15
28
17
„
Feb. 20
12!
12i
8
11
9
25;
10,
26
374
30
5
94
64
151
2il38HaMay
2l125Ha Mar.
584
1404
6 118
14 107
127 V
76
663s May 7
4 Jail. 121 584 94 V
300 102
ioi3410434
Jan. 28 108
Mar. 271 954 119
93
9334
88,598 843s Jau. 2 9834 Apr. 13| 814 124
127 Ha 127 H,
350 II934 Jan.
Feb. 26j 117
2 134
1494
114
115
1,400 105 Jan. 2 11634 Mar. 14! 1004 126V
8
*0
8
9
6Ha Mar. 31
6
Mar. 6!
13V
*13
17
19
15
Jan. 17 19
Feb. 27i
164 35
19 V 20
20 Ha
1,000
18 Ha Apr. 21
29
25!
Feb.
214 38V
71 Hi
69 4 7114
3,460
69
May 7 914 Fob. 251 80 34 100
30
30
“30
31
400
23
69 V
Apr. 30 38 Feb. 241 28
134
Jan. 31 141
May 5; 1254 141
14 Ha Jan.
9 20
Jan. 27
33
33
100 Ha 103V 100*8 10134
10238 103
187,011
82*8 Jan. 22 1094 Mar. 9
86 34 133 V
5 l8
*5
5V
5 Ha
5 Ha
508
51-2
4 Ha May 1
10
Jan.15
63s 25V
50
55
Jan. 6 65
Feb. 12
52
82
3 4
3 Ha
3 Ha
*34
*314
500
234 Jan. 15
3
10
8V
4'4
Mar.
*5 Ha
*5 Ha
0
0
8
Mar. 3
478 Jan. 23
434 14V
40
49
*205 37 Ha Jan. 10 52 Mar. 20| 30
51
4’-*
44
4 7o
*334
*3i4
600
3
Jan.
6
34
8V
47a Apr. 22
198
198
16 190 4 Jan. 20 200
185
Mar. 24
200
*18
25
*18
20
14
1,050
Mar. 26 30
Jail. 14
20
51
1274 127 4 128
127 4 1274
128
345 119 Ha Jan. 17 128
May 28 110
140
*87
*87
89
90
89
10
84
Jan. 16 89
70
86
May 29
94
94
*9V 10
9 V
878
400
8Ha May 14 14 4 Feb. 21
9
20 V
*5 4
64
•“5 4
5 4
64
200
54
4 Ha Apr. 29
17
Feb. 21
678 19V
52V 52*8
62V 52*8
51*8 52 V
33,330 5034 May 12 67 7e Feb. 25' 594 104V
77
76V 76V •7 6
1,211
62
Jan. 2 77:!4 May 20l 62
78V
32 34 33 4
32 V 33 V
32
32*4
22
19,336
Jan. 16 35
22 4 51V
May 18;
24
24
*21
23
150
114 Jan. 6 27 4 Feb. 20
10
35
96 4 96*8
96 4 96*8
964 9634
12,520 65 Jail. 15 97
Mav 26!
614 79
16
16
250
1534 15 :,4
24
n*8 Jan. 3 18 4 May 19; 10
37
35
3 4
35
31
1,500
27 Ha Jan. 15 44
23
Mar. 7
40
124
*124 V
90
Jan.
2 9334 Jan. 301
85
105
'48
50
48 4 484
*48
50
”i Vi 4 6 Ha May 7 64 4 Feb. 24! 5134 94 V
29 4 29 4
100
29 4 May 27
31
44 34
3434 Feb. 26
11
11
100
10 4 Jaii. 26
13
7 4 184
Feb. 26!
24 4 25
400
24 4 May 29 29 4 Feb. 201
17
36V
18
18
17*4 18
17*8 17*4
14 4 Jan. 22
7,975
9 4 23
194 May l|
95 4 957a
95 4 95*8
9534 9534
2,700
89 4 Mar. 21
97 4 Fell. 10
63 4 1004
7 4
7 x,
100
7 4 Jan.
9 4 Feb. 251
6 V 13
7
123
124 “
*123
124
100 11434 Jan.
2 12134 Apr. 30 115
1274
*36
394 *36 4 384
33
30
Jan.
71 42 4 Fel). 27
58
83 7a 84 *4
82 4 83 4
83*4 814
7L681
83 4 122V
824 Mav 29 95 *« Feb. 25
*>
2
2
*2
2 4
2
700
4
14 May 5
54 Jan. 8
104
*4
4 4
*4
44
*4
4 4
4
Mai-.25
7 V 20
934 Feb. 17
*89
90
269
83
844 Jan. 2 90
94
May
21
9V
9 *8
94
9 :,4
9*8
8,705
11 V 284
94 May 29 1434Jari. 6
20
20
20
20
230
19
May 18 30 Jan. 8 20
714
19 4
19V
194 194
525
12
8
Jan. 17 224 Apr. 3o
17 V
50 175
Jan.
2 190
184
175
May 2
8
*7 4
*74
*7 4
8
8
50
03i Apr. 14 12 4 Jan. 6
7
1634
2V
*2
2V
2
l7s
2
320
3
13
Feb. 28
6
17s Jail. 12
*6
*6
6
6*4! *6
4
6*4
8
4 4 18
Feb. 20
47s Jan. 27
17
17
200
17
17
42
May 16 2534 Feb. 26
16 Ha 10 Ha
16
16 Ha
1,525
15
Jail. 17
19 V Feb. 26!
14
27
3 7 Ha 39
3834 39*8
10.644
37 V 57 V
364 Jan. 29 41
Mar. 16
:
14
1
1,410
V May 27
44
IV Jan. 2
“11 Ha 13
300
10 V May 4
19
Jan. 141
14*8 25 V
8
5
May 8 12 Mar. 19
lia4
14 78 Mar. 21
21
8 34 24
Apr. 27!
13 7h 1414
1378 14
13*,
”8 14 Ha
2,650
15
34
1034 Apr. 8
6H
Apr. 29
V
*914 10
9
914
9 Hi
625
7
17 V
8*8 Apr. 29 154 Feb. 27
13
13
1334 14
1314 13 Ha
3,200
13
19
Jan.
2
May
29
10\
60V
133 V 133 V 133 Ha 133 Ha 131
134
1,400 1194 Feb. 17 134
May 29 1194 135
122
122
100 120
Mar. 9 1294 Apr. 20
1364 Jau. 29 14334 May 21 138
1464
24
2H
340
1
5
24 Jan. 17
2V
May 22
*48
50
500
44 78 Jan. 19 54
Mar. 9
32
61
*20
22
800
1838 18*8
18 V May 29 26 V Mar. 11
12
32
2 34
2 34
*2 34
3
450
4
Mar. 6
2*8 Mar. 11
l7i 16V
10
17
24
Jan. 2 19
14
Feb. 20
16
16
15
18
50
May 1 25 Feb. 26
70
96
*19
20
*19
20
*19
20
900
Feb. 25
174 May 8 21
114 29
34
33Ha 33Ha
34
3414 *33
30
24 4 50
1,900
Apr. 30 3934 Jan. 8
84
84
84
84Ha 8434 *83
810
79
70
96 V
May 12 874 Jan. 10
21
Feb. 26 24
15
Feb. 27
32V
82
774 Feb. 7
65
90
May 14
*84 Ha 85 Ha *84 Ha 86 Ha
85Ha 85 Ha
900
76 V 99
7934Jan. 2 90 78 Mar. 16
1114 1134
11
1136 1138
11'4
19,356
9V Apr. 8 137e Feb. 26
54 22 V
53 Ha 54
53 Ha 51
53
41
5334 111,650
Mar. 21 553a May 23
28
84V
3 Hi
314
31s
400
2
34
5 4 Jan.
4
7
1934
Apr. 30
7
7
*64
260
6 V May 7 14
32
734
Jan. 12
9
122
12118 12178
07
09
104 H2
04
129
H4Ha
0814
102,797
'
Cleveland Col. Cin. & Indianap.
Cleveland & Pittsburg, guar
Columbia «fc Greenville, pref
Delaware Lackawanna & West.
Denver A Rio Grande
Dubuque ife Sioux City
East Tennessee Va. <Sl Ga
Do
pref.
Evansville ifc Terre Haute
Green Bay Winona & St. Paul.
Harlem
Houston & Texas Central
Illinois Ceutral
7
Do
leased lino 4 p. ct.
Indiana Blooiningt’n & West’ll
Lake Erie & Western
Lake Shore
*
......
Long Island
......
Louisville A. Nashville
Louisville New Albany & Chic.
Manhattan Elevated, consol...
Manhattan Beach Co
Memphis vfc Charleston
Metropolitan Elevated
Michigan Central
pref..
Minneapolis it St. Louis
;§ *48aj
prof..
Mobile A Ohio
Morris »t Essex
Nasliv.Chattauooga & St.Louis
-
...
Oregon Short Line
Oregon A Trans-Continental...
Philadelphia A Reading
Pittsburg Ft. Wayne A Chic...
....
Do
Do
St. Louis A San Francisco
394
a
14 Hi 14*8
10
10
14 V 15
133 :,4 133 34
*
14 4
9 Ha
*14
1414
9 Ha
15
1334 1334
1-V
49
49
*48
*19 Hi
“2 34
3
*234
1*8
50
22 Ha
3
49
21
2
49
21 Ha
2
34
17
34
17
pref
Do
pref..
Do
lstpref.
St. Paul A Duluth
Do
pref
St. Paul Minneap. A Manitoba
Texas A Pacific
"Union Pacific
Wabash st. Louis A Pacific
Do
pref.
..
HI ISC ELLA NEO US.
American Dist. Tel
American Tel. A cable Co
Bankers’ A Merchants* Tel
•Colorado Coal A Iron
Consolidated Gas Co
Delaware A Hudson Canal.....
New York A Texas Land Co...
Oregon Improvement Co
Oregon Railway A Nav. Co
Pacific Mail
Pullman Palace Car Co
Quicksilver Mining Co
Do
Western Union
pref....
Telegraph
EXPRESS.
Adams
American
United States
Wells, Fargo A Co
.
m
^
_
*
I
*16 V
special.
Rensselaer A Saratoga....
i
Rich. A Alleg., stock trust ctfsJ
Richmond A Danville..
|
Richm’d A West P’nt Terminal
Rochester A Pit tsburg
Rome Watertown A Ogdensb’g
St. Louis Alton A Terre Haute
.
97J
......
....
Peoria Decatur A Evansville..
.
......
Missouri Kansas A Texas
Missouri Pacific
New York Central it Hudson..
Now York Chic. A St. Louis...
Do
pref.
New York Lack. A Western
New York Lake Erie A West’ll
Do
pref.
New York A New England
New York New Haven A Hart.
New York Ontario A Western.
New York Susq. A Western
Do
pref
Norfolk A Western, pref
Northern Pacilic
I
Do
pref
I
Ohio Central
I
Ohio A Mississippi
Ohio Southern
-
......
1*123
Mil. L. Shore A West’rn,
Do-
......
20
33
20
844
85Ha
10 7e
33Ha
84 Ha
8 5 Ha
10 78
5434
*2 34
*0Ha
55*8
5834
5834
3
7
201
341
*84
85 Ha
20
34
84 Ha
85 4
1034 11 Ha
53*8 54 78
*27S 3i8
*0 4
“57
1934
33 Ha
20H,
3414
844
84 H
*85
11 Hi
85 Ha
537a
543*
3
7
19
19
59
7
59Ha
11 34
3
7
59
19
58 7Q
3
10
96 Ha
79 V
804
90 7a
77
97
78
244
24Ha
25
25
56
56 Ha
547a
9 Ha
96
lOis
97
118*8 118*8 *118
773s
561%
119
5
224 27
59*8
137
603s
137
593s
Atchison Toneka A Santa Fe..
Columbus Chic. A Ind. Centr’l
Joliet A Chicago
Louisiana A Missouri River...
New York Elevated
J44
United Co’s of New Jersey...
Virginia Midland
Warren
1
*119
Canton Co
22Ha
601*
60 Ha
*134
138
*134
95 Ha 95 Ha *95
53
53
*51
HOHallOHa 110
INACTIVE STOCKS.
68 7a
Chicago A Alton, pref
Cincinnati Sandusky A Cleve..
55*8
*118
*4
*4
68
*140
97
77 7a
56 V
10
96 Ha
7736
10
97
78
55*8
56
5
*3
27
60 34
*22Ha
5
27
60 Ha
119
138
97
53
110
60
134
138
*95Hi 97
*51Ha 53
HOHallOHa
78l
300
*58
*9 Ha
9734
77*4
58
59
10 Ha
99 Ha
784
24
24 Hi
*74
74Ha
55 34 563b
118
118
*3
5
*22 Ha 27
60
60Ha
*134
9714
*51
110
6634
*144
196
122
9 Ha
19
58 7e
138
97 Hi
53
1104
*9 Hi
98 Ha
77
103s
99
77*8
744 75 Ha
554 5534
1184 1184
*3
*22 Ha
59 Ha
*134
*95
52
110
66
*144
53
5
27
60 4
140
97 4
52
110 Ha
252
*
These
are the
prices bid and asked;
'5
*3
44
25
no
sale
was
made at the Board.
25
May 7
May 14
24
7
May
Jan.
3
Mar. 21
40 130
Jan.
35
87 V Jan.
48
50
Jan.
335 104 V Jan.
2 111
78
147
20
Jan. 29 152
140
13 140
May
IV Mar.
May
224 Mar.
200
200
2 138
122
196
15
116
40
Apr. 30 125
4 87
45
7
98
Apr. 16
15
10
8
Mar. 19
2234 Feb. 27
IV Feb. 5
26
Jan. 22 145
May 26 196
Jan. 10
18
4
Jan.
May 13
Mar. 17
62
142
137
102
61V
115
80V
152
234 24
2
1
137
145
194 24
115
130
May 12
May 26 1854 193V
Mar
Jan. 19 118
Apr. 25
Feb. 13 46
Apr. 15
19
Feb. 9 20
Feb. 27
10
Jan. 30
114 May 5
8
Mar.
25
Apr.
7
Feb. 25
4VMay 27
17
Feb. 7 25
May 28
t Lower price is ex-dividend.
90
117
3V
6V
34
20
49
78V
3| 97 4 May
2' 55 Apr.
6634 May 28
61V
127*4
17V
28
114
67
15
30 1224 170
34
Feb. 20
834 65 V
77
60 V 112
Apr. 30
31
57 V
62*8 Mar. 9
”485 21 Jan. 3
1,600
5934 Jan. 29
40,875
4634 Mar. 21
256 107 4 Jan. 2 120
May 9
334 May 13
43* Mar. 30
30
Jan. 30 30
Jan. 30
62,587 534 Jau. 2 6334 Feb. 10
*119
44
4
1334 Feb.
99 4 May
7,328
664 Jan. 22 86 V Apr.
4,967
135
Apr. 30 135
Apr.
435
Consolidation Coal
Horaestako Mining Co
New Central Coal
Ontario Silver Mining
2
49
1
14
Maryland Coal
20
60
8
4144
*119
Mar. 28
Jan. 27
Jan.
105
196
10
51
2
8
80
3I
15
121
21
122V
394
40
18
8
7
5
14
23V
11
15
10
29
mmsmmmua
QUOTATIONS OF STATE AND
RAILROAD BONDS,
STATE BONDS.
M!):■:
Aak.j
Bid.
SECURITIES.
7b. 1886
7s, gold, 1890
Asyl’mor Univ.. due’92
Funding, 1894-95
Hannibal A St. Jo., ’86.
7
*
1
New York—6s, reg.,
O
6s, loan, 1891
6s, loan, 1892
6s, loan, 1893
|
101
104 V
114
Georgia—6s, 1886
75
N. Carolina—6s,
1887
„
_
.
654
_
old, J. AJ.
Bid.
N. Carolina—ContinuedNew bonds, J.AJ., ’92-8
18
Wil.O.ARu.R.
Consol. 4s, 1910
6s, 1919
Ohio—6s, 1880
1054
South Carolina—
!' t •
6s, Act Mar. 23,
|
.
1074 1084
954
1934 ...1
Miun.ASt.L.—lst,7s,gu. *130
la.
Os'
1
Fur. money
7s..!
; 96
Mortgage Os, 1911
Ches.O.AS.W.—M. 5-6s..
Chicago A Alton—
1st inert., 7s, 1893
Sinking fund, 0s, 1903.
70
1204 121
*119 4
Kiv.—1st, 7s. 120
2d, 7s, 1900
!
La. A Mo.
|125
1st
125
Miss.R.Br’ge—lst.s.f.Gs;
Chic.Burl.A Quincy—
j
Consol. 7s, 1903
!
5s, sinking fund, 1901..
5s, debentures, 1913
(
la. Div.—S fd., 5s, 1919;
Sinking fund, 4s, 1919
Denver Div.—-is, 1922..
Plain 4 s, 1921
C.R.I. A P.—0s, cp., 1917.
6s, reg., 1917
Ext. A Col., 5s, 1934....
Keok. A Des M.—1st, 5s
Central of N.J.—1st. ’901.
1st,cons.assent. 7s,1899t
Conv., assented, 7s, 1902
Adjustment, 7s, 1903...
Conv. debent. 6s, 1908..
Leh.AW.B.—Con.g’d.as.
Am.D’kAImp.—5s, 1921
Chic. Mil. A St. P.—
135
13G
106
101
105
,
108 4
Gs. J
---■
113
1004
-
934
,
50
614
01
113
80
Debenture 6s, 1927
"45
115
107
2d, 7s, 1397
1114
Arkansas
Br’cli—1st, vs
Cairo A Fulton- -lSt, 7S.
1
60
HO
Cairo Ark A T.- -1st. 7s. 107 4
Gen. r'y A I. gr., os, 1931
73 j 73 V
St. L. Alton A T. II.—1st,7s *114 4
2d, pref., 7s, 189 4
109 '
2(1, income, 7s, 1894
! 904,
Bellev.A So. Ill— 1st, 8s 113
...
110
122
1304. !st,P.Minn.A Man.—lst,7s *112 ;
N.Y.C.AH.—1st, cp., 7s
2d, 6s, 1909
.,113
1st, reg., 1903....
! 134 V
1910.. 112 !
Deb., os, 19.01
! 104 [...... Dakota Ext.—6s,
1st, consol., (!s,1933
I 1074 1074
TIud.Riv.—7s,2d,s. f.,’85] 1034 ......
j
105 4
Harlem—1st, 7s, coup
1st, 7s, reg., 1900
jN.Y.Elev’d—1st,
N.Y.P.AO.—Pr.
..
135
!
i
1st, consol., 6s,reg., 1933
6s, 1922
110
Min’s Un.—1st,
135
7s, 1906 1214 121V St.P.A
Dill.—1st, 5s, 1931
So. Car. R’y.—1st. 6s, 1920
I’ll, 6h,’95
N.Y.C.AN.—Gen.,6s,1910: ...
Trust Co. receipts
N.Y. A N. Engl’d—1st, 7s; 106
1st, 6s, 1905.
........
N. Y.C. A St. L.-lst.Gs, 1921
2d, 6s, 1923
N.Y.W.Sh.A Buff.—Cp.,5s
1064 108
95 j 96
*111
10(D 107
1044
N. Y Central—Gs, 1887...!
Deb. certs., ext’d 5s ....|
!
120
2d, 7s, 1898
;
2d, guar., 7s, 1893
Pitts. Clove.A Tol.—1st,0s
*105
07
*3*i
40
;! 2d, 0s, 1031
95
...
39V iSlieiiaiid’hV.—1 st,7s,1909
General, Gs, 1921
i
'
Tex.Cen.—1st, s.f.,7s, 1909
684; 1st, 7s, 1911
j
! Tol.Del.A Burl.—Main. 6s!
32 i I 1st, Dayt. Div., 6s, 1910!
31 i! 1st, Ter. trust, 6s, 1910.
95*
’
'7 4:
...
j
! 122 ,123 1
115 4
1920,!
■
P.—lst,7s,’87i 1074
>...... 120
2d, 7s, 1907
Mil.AMad.—1st,Gs. 1905 115 j
Ott. C. F. A St. P.—1st,os! 102 41
C.C.C.A Imps—1st, 7, s. fd!
121 4
Consol. 7h, 191 4
|*119 ,123
Consol, sink, fd, 7s,1914
General consol., 6s, 1934',
!
Chic. St. P. .Min. A Om.
Consol. 6s, 1*030
C.St, P. AM.—1 s 16s, 1918 i
No. Wis.—1 st, 6s, 1930.!
St.P.A S.C.—1st,6s, 1919;
114
11144
117
!
119 4'
Consol., 7s
1
•
.-
Ceeilian Br’ch—7s, 1907
N.O.A Mob.-1st,0S,1930
2d, Gs, 1930
E.II.AN.—1st, Os, 1919.
General, 0s. 1930
Pensacola Div.—Os,1920
St. L. Div.—1st, 0s, 1921
2d, 3s, 1980
Nashv.A Dec.—1st, 7s..
S.A N.Ala.—S.f.,(is, 1910
Louisv. C.A L.—08,1931
Trust bonds, 0s, 1922...
10-40, (is, 1924
984 994 L.Erie AW.—1st, 6s, 1919
79
I
80
Sandusky
Div.—6s, 1919
Chic.St. L.AP.—lstvcon.5s
Laf.Bl.A M.—lst.Gs, 1919
Chic. A W.Ind.—1st. s.f.,6s
1004 !Loui8V.N. Alb. AC.—lst.Gs
Gen’l mort., 6s, 1932 ... j 104
I General mort., 6s, 1914.
Col.A Green.—lst,(is,li>16 *97
iLou. N. O. A Tex.—1st, os
j
2d, 6s, 1926
iManhat.B’ch Co.—7s, 1909
76
Col. H.Val. A Tol.—1st, 5*' *75'
i N.Y.AM.B’h—lst,7s.’97
D *l. L.A W.—7s, conv.,’92!
'Metrop’lit’n El.—1st, 1908
Mortgage, 7s, 1907
* 120
I 2d, 6s, 1899
Syr. Bing. A N.Y.—lst,7s 131
Chic.A E.111.—1st,s.f.,cur.
Consol., 1st, 6s, 1934
|
1204'.
ioo
934
4
(iregon-
B., (is.
Land grant bonds, Os.
West. l’ae.—Bonds, 0s..
Cal. A Or.—Ser.
No. 11'way (Cal.)—1st. Os
So. l’ae. of Cal.—1 st, Os.
So. Pae. of Ari/.—1st, (Is
So. Pae.ofN.Mex.—lst.Gs
86
7s.!
Clar’daBr.—6s, 1919
....
St.('has.Bge.—1st,(is
1900, reg
N.W.
954
82
79
—
No. .Missouri—1st, 7s..'
West. Cn.Tel.—1900, coup
113V lit
104 106
.’a
Telegraph—7s. 1904:
1094
199
115
1144 115
Mut.Un.Teh--S.f(l,6s.l911
:
664! 67
108 4
108 4
98
Atl.A Pae.—Inc.,
99
1910....j
Central of N.J.—1908
106-4
120 !
-
119 4
Collateral Trust, 6s...
|
Do
5s. 1907
'.
Pac.—1
Kans.
st, Gs, ’95 112 4,
i
1st, (is, 1896
1124
i
E. I’. V.A< ia.—lne.,0sj931
G r. Ba v W. A S t. 1 ’. — 2(l, i n c. '
*93V
115VH6
Union l’acitic—1st. 0s..
I.and grants, 7s, ’87-89
Sinking fund, 8s, *93..1
Reg., 8s, 1893
...;
Tud.Bi.AW.—Con., inc..Os
Ind’sDec.A Spr p—2(l,in<*.
Leli. A Wilkesb.Coal.—''88
Lake E.A W.—Inc., 7s.'99,
*. Sand’ky Div.—Inc.,1920,
Laf.Bl.A"Mun.-Inc.,7s, 99;
16 41
10 ■’
i
i’i’TYr
Q 1
12
W.—Incomes!
*4*9*
Denv. Div.6s,ass..’99, 1084 1094 Mob.AO.—lst,prf.,deben.j
c*
1st, consol., 0s, 1919.’ 984! 994 ! 2d, pref., debentures
Mil. L. Sli.A
3d, pief., debentures
]
C.Br.U.P.—F.c.,78,’95’ 10241......j
At.C.AP.—1st,Os, 1905
93 I
! 4tl), pref., debentures...|
;
LakoE.AW.—Inc.'.Gs!
iN.Y.
At. J. Co.A W.—1st, 03. *90
914 Ohio Cent.—Income, 1920;
Oreg. Short-L.—1st, Os!
91
Ut. So.—(Jen.,7s, 1909■
;! Min'l Div.—Inc.,7s,1921)
97 4
90 i;Ohio So.—2d iuc., lis, 1921;*
Extern, 1st, 7s, 1909 *
98
994
PeoriaD.A Ev.—Inc.,1920;
78
Mo. Pac.—1st, cons., 0s.
1104 111 4 1 Evausv.Div.—Inc., 1920;’
3d, 7s. 1906
105
I
V!
*
Roeh.A Pitt sb.—I lie..1921!
Pac.of Mo.—1st, Gs...
112
|
( Rome W. AjL)g.—Inc.. 7s.
2d, 7s. 1891
9S4| 99 ijSo. Car. Rv.—Inc.-,6s,1931
St.L.A S F.-2d,6s, Cl. A
96 4 97
St.L.A.A T.H.
Div.bds
03, Class C, 1900
FREE LIST.
98
03. Class B, 1906
sju
ingf.—7s,
!:Cin. A
1901 )*
1st, Gs, Pierce C. A O..
| Cum. A Penn.—1st, (5s,’91;
Epuipment, 7s, 1895.. 105
94 LCol.C.AIr.Co.—1st,con.,6s
Gen’l mort., Gs, 193J..
,
105 4 100
108
*70
37
35
52 4
50
49 4
Consol., 0s. 1905 t
Income A
95
id.
gr.,reg..
RioG., 6s, Aug. cp. on
Do
5 ex Aug. cp.
Gen. mort. A Ter. Gs..
Pennsylvania RR.—
904' Pa.Co.’s guar.4 4s,lst,cp 100
Pa. Co.*s 4 4s,lieg., 1921
iis
1114 112V
99
i 994
this week.
St.L.K.C.AN.—R.e.,7s!
Omaha Div.—1st.
101
113 V 11 1
104
106
101
101
101
So. Pacrof Mo.—1st, 6s
Tex. A I’ac.—1st, 6s,1905
113 4!-
Ftid&y; these*ielatest quotations made
Han. A Naples—1st, 7s‘
Ill.A so.Ia.—1st,ex.,0s
3V
21V
20
.
94
*72 i 75
109 4 HO
100 V
89- | 90
102 4
40
i
904
j
1*78*’
! Oreg’n RR.ANav.—lst.Gs 112 ’
7s, 1887
i{ Panama—S.f.,
Debentures, sub.
,...*102V 103
‘ Gs,
' 1910
Peoria Dee. A Ev.=—1st. Os.
’
HO 111
Dub.AjS.C.—2d Div.,7s.,*115 :
i PeoriaA J’ek. U'nCed.F. A Minn.—1st, 7s.; 11 Ok 118
Ind.Bl.AW.-lst, pref., 7si HO |
’ Pae.KB.—Cen. l’ac.—G.Os
1st, 5-Os, 1909
!
r| 72 i
Sail
Joaiiuiu Br.—(is..
Cal: A
2d,0s,19O7
Gold, 5s, 1951
•
-
C.St.L.AN.O.—Ten.l..7s *1234
1st, consol., 7s, 1897..i 1244 125
..j
Win.A St.
A Ohio—New
;
1st,cons.,fd.coup.,7s ..[ 107 ; 110
Reorg., 1st lien, os, 1908
Long Dock b’nds, 7s,‘93 1174
Bulf.N.Y.AE.—1st,1916 131 j
N. Y. L.E. AW.-New2d0s!
464
|
Collat’ltrust,6s, 1922.! ...
St. L.V. AT. It.—1st, g., 7s
Consol., 1st, Os, 1922
'Rich. A Alleg.—1st,7s,1920
A"
“ ' “ ‘
! 77 4
61V 61V
•
87
141
;
I
;....
77
j Collator’! trust, Gs, 1892;
| i 1st, Extension, Gs, 1927
1920.! 107 110
j 108
cons., gold, 7s, 1920. 112 4 113
:
•No price#
113V
•
97V 97V
2d, 5-Os. 1909
1st,Chic.A P.W.,5s,1921
97
•
Min’l Ft. Div., 5s, 1910.
| Eastern Div., 6s, 1921..j
Y2
100
V
:
Indianap.
D.ASpr.—lst,7si 85 4 87
C.A L. Sup. Div. us.1921
96 4 96V j 1st, 7s, ex fund coups.!
78 !
Vis.A Min. Div.5s, 192 L
93 I 94
Int.A Ot.No.—lst.Gs,gold
106
Terminal 5s, 1914.
i
:
i Coupon, 0s, 1909.
! 66 i
Chic. A Northwest.—
103 4 1034 'Kent*ky Cent.—M. (is, 19111
Sinking Fund, 7s, 1835.
Consol, bonds, 7s, 1915. 130
| stamped, 4 p. e., 1911
I
Extension bonds, 7s,’85, 103 4 1034 Lake Shore A Mich. So.—I
Cleve. A Tol.—Sink’g id 103 4
1st, 7s, 1885.
j 103 4 103 4
New bonds. 7s, 1S80..) 103 4
Coupon, gold, 7s, 1902..; 131 i
Cleve. P. A Ash.—7s..... H 2
1
Regist’d, gold, 7s. 1902.,*131
Buff.A Erie—Newbds,7si 121
122 4
Sinking fund, Os, 1929.. 113
1144
113
Kal.
A
W.
Pigeon—1st..
|
Sink, fund, 0s,1929.reg.
Det.M.A T.—1st,7s, 1906j
Sinking fund, 5s, 1929 , 105 41
Lake Shore—Div.bonds.
Sink, fund, 5s, 1929, regi
129 4
Consol., coup., 1st, 7s.
Sink’g fd. deb., os, 1933.1 98 V 99
' 128
Consol., reg., 1st, 7s
00V; 97 4
25 3’ears deb. 5s, 1909
Consol., coup., 2d, 7s..:*1157h 110
EscanabaA L. S.—1st,Os! 110
Consol., reg., 2d, 7s...i*1114 1124
Des M.A M in’ap.— 1st,7s' 124
Long
Tsl. R R.—1st, 7s,’98,*120 i
Iowa Midland—1st, 8s..,*129
1st, consol, 5s, 1931
j * 107 I
Peninsula—1st, conv.,7s,*125
Cliic.A Milw’kee—1st,7s 1204'-.---- Louisville A Nashvillu—
t
|
137 4'
.*1294'
Clev.A Pitts.—Cons.s.fd.f 120 j
4th, s. fd., 6s, 1892...-|*
;112
2d, 7s, 1912..
3d, 7S, 1912
:
Ext.—1st,,6s, 1921. *101
!'Mobile
! Ask,
....
1st,S.Minn.I)iv.,Os,19U) 1124 1134
'
Penn. R It.—Continued— i
Pitts. Ft.W.A C.—1st,7s
Atl.ACh.—1st, pr.,7s,'9 i
108 1034 | Incomes,"1900..
Cons., 2d, income, 1911.' --— 70 i .Scioto Val.—1st, cons.,7s.
U. A Cent. Mo.—1st, ’90 *105
:/
St, L. A Iron Mt.—1st, 7s.
•I
j
Bid.
SECURITIES.
101 11 Pitts. June.—1st, 0s. 1922
100 Vij Rome
ext., 5s, 1922., 110
Con.,W.A
1st, Og.—1st,7s,’91
744! 75 4
Roeh.A Pitt.—1st, 0s, 1921 1104
'....
90 4 102
iMo.K.AT.—Gen’l,Us,1920;
j General, 5s, 1920
'
j Cons., 7s, 1904-5-6
j
j
1 110
1899
304
j Registered, 5s, 1931
955s
584’
i,Tex.A N. O.—1st, 7s, 1905.
[N.Y. Silsq.A W.—1st, 6s.t
95
Fl’tAP.Marq.—M.0s,1920 *1134
j
I Sabine J)iv.-lst,6s,1912
80
j Debenture, 6s, 18971...
Gal. Har.A S.Ant.—1st, 0s
!
99V
|.
N. J—1st, 6s
844; 86, ! Va. Mid.—M. inc., 0s, 1927
1314'
‘
luu'-i
2d, 7s, 1905
1 100'
|, Midland of
.Y.N.H.AII,—lst.,rg.,4s
! 10 4 !:Wab.St.L.APac.—Gen.,0s1
HO
131V
! West. Div.—1st, 5s
89 V 904 jN.Y
....
104
Chic. Div.—5s, 1910
!
4
108V
!
2d, Gs, 1931
1
!
jN.Pac.—G'.li gr.,lst, ep.,Us
Hav. Div.—6s, 1910
;
,VT03
108
108 4 Gr’n BavW.ASt.P.—lst.Gs
65 ;
M Registered, Os, 1921
P.AW.—1st,7s.1917 j 72
544 Tol.
1114
1 Gulf Col. A S.Fo—7s, 1909. 1014102
101 4 ! 102 IfN.O.Pae.—lst,Gs,g.,192()tj
Iowa Div.—Gs, 1921
:
iNorf.&W.—Gen., 6s, 193l!
804' 894
99 7s 100
2d, Gs, 1923
Ind'polis Div.—0s, 1921.j
102 V 103
; New River—lst.Gs,1932
-1
Hail.A St.J.—Con.es,1911 1174 118
Detroit
1921.
J
Div.—6s.
119
OliioA Miss.—Consol, s. fd *118
1054
Houston A Texas Cent.—
Cairo Div.—5s, 1931
87 4'
Consolidated, 7s, 1898...*1174
! 70
1st, M.L., 7s, 18911 ....
87
Wabash—Mort. 7s, 1909 *
2d consolidated, 7s,1911|
96
1st, Western Div., 7s t..
Tol.A W.—1st, ext.,7s. 100
1st, Springlield Div., 7s *93 !
84
1st, Waco A No., 7s'r
;i()0*’
1st, St. L. Div., 7s, *89.
Ohio Central—1st,(!s,l920
2d, consol., main line, 8s
2d, ext., 7s, 1893
90
2d, Waco A No.,8s, 1915)
[
-!j
1st,
Term’l
Tr.,
(>s,
Equipm’t bds, 7s.’S3.
30 | 36 j) 1st, Min’l Div., 0s, 1921
General. Gs, 1921
*89
189
Consol,
1907
conv.,
7s.
4
Ohio So.—1st, Os, 1921
l
11314 Houst.E.AW.Tex.—1st,7s j
Gt.West'll—1 st, 7s, '88 104 V 1047g
Oreg’nA Cal.—lst,0s,1921
90
2d, 0s, 1913
!
(i!^ 4
2d, 7s, 1893.
I1-0 I Ill.Cen.—Spd.
-1 Or. ATransc'l—0s,’S2-l 922 \
Div.—Cp. 6s
1890
Tol.—1st,
814
Q.A
i:Oregon Imp. Co.—1st, 6s.
Middle Div.—Reg., ;>s ..'
|i234
.
“
Buff.AS.W.—M.,0s, 1908;
Ev. AT. II.—1st, cons., Gs
Mt.Vern’n—1st, Os, 1923
1st, 8s, P. I)
2d, 7 3-10s, P. D., 1898 .
1st, 7s, $g., R. I)., 1902.
1st, LaC. Div., 7s, 1893.
1st, 1. A M., 7s, 1897 ..
1st, I. A D., 7s, 1899....
1st, C. A M., 7s. 1903..
125
Consol. 7s, 1905
122 V 123
1st, 7s, I.A D. Ext.,190.8
1st, S. W. Div., 0s, 1909.4112
1st, 5s, LaC.ADav.,l!)19i 1004'
1st. H. A D., 7s, 1910
Chic.A Pat*. Div.0s, 1910
Vac.
4th, extended, 5s,
5th, 7s, 1888
Chic.—1st 119
(504), 7s,’94 *118
i Ask.
7s, 1909*119
i
2d, 7s, 1891
S’tlnv. Ext.—1st, 7s,1910
N.—S.f.deh.,c.,6s;
1st, 6s, 1920
|
Eli/.Lex.A Big Samly—Gs,
86
Erie—1st, extended, 7s... 124
extended,
os,
1919
..!
2d,
109
3d, extended, 44s, 1923. j 105
St. L. Jack. A
1st, guar.
2d, (360), 7s, 1898
2d, guar. (188), 7s,’98
Iowa Ext.—1st,
Eli/..C.A
64"’
Registered
Fundin'? ns,
'....
42
Morgan’s La.A T.—1st, Gs'
1st, 7s, 1918
*
46V Nash.Chat.A
St.L.—1st,7s;
464,
95
i 121
2d, 0s, 1901
1st, cons., os, 1930
|
Divisional 5s, 1930)-.....
‘
3-65s, 1924
....
MiLL.S.AW.—1st,(is,1921)
i’, 55
50
E.T.Va.AG.—lst,7s,1900tj 115
18 V
42 4
Midi. Div.—1st, Gs, 1924 121
: Miuu.ASt.L—1st,7s,1927
100
102
544 50
! 73
39 4 40
Det.Mack.AMarq.—lst.Gs
Land grant, 34s, S. A...I
110
*97
60
fund. 1893..
1921
RioGr.—1st, 1900
1st, consol., 7s, 1910
Den.So.Pk. A Pac.—1st,7s.
Den. A K ioG. W est.—1 st.Gs
....
6s, gold, series A, 1908 .j
6s, gold, series B, 1908 t
6s, currency, 1918
1st, reg., 7s,
Denv.A
954
District of Columbia—
109
Bid.
Mex. Cent..—1st, 7s, 3911.
1 st M., 7s, ex-cp.,(»,'7,A 8;
135 4
51
BONDS.
|
'
] 28 V 129
112 4 1124
140
;
st, cons.,guar.7s,1906
1st, cons.,gu., Gs, 1906
Rens. A Sar.—1st, cp.,7s
1
98 ’4
6J 4
93 ;
66 ,
5sl
3
id's
SECURITIES.
Registered, 7s, 1891....!
1st, Pa. Div., cp.,7s,1917 *13l
1st, Pa. Div., reg., 1917.j
Alb. A Susq.—1st, 7s
1104
2d,7s, 1885.
.....' 102
Dr*
j
1869)
Bid. : Ask.
! 117 j
1891
Coupon, 7s,
!
...
-
2d, 5s, 1913
Reg., 5s, 1913
Central Iowa—1st, 7s,'99 i
East. Div.—1st, 6s, 1912
Ill. Div.— 1st, 6s, 1912..
Chesapeake A Ohio-
<
;
West.—1st, 7s
I.F.AN.—1st, 0s 108
City A
C.Kap.
1st, 5s, 1921
Bnfl.N. Y. A P.—Cons.,
General, 6s, 1924
Can. So.—1st, int. guar.
iJ
I
Lack.A W.—1st, Osl
Construction, 5s, 1923|
74 4 Del.A llud. Canal—1st, 7s!
1st, ext., 7s, 1891 ...
r 734
*117
Consol., 1st, 5s,
i
2d, 7s, 1891. .
Bonds, 7s. 1900
7s of 1871,1901
1st, consol., guar.,
Virginia—6s, old
6s, new, 1866
6s, consol, bonds
6s, ex-matured coupon.
6s, consol., 2d series
6s, deferred
!
100
6s, 1893
Ask.
^Tennessee—Continued—
6s, new series, 1914
I C’mp’mise,3-4-5-0s,1912
ion34 1104
Tennessee—Os, old,1892-8|
i
6s, new, 1892-8-1900 ...!
......
54
44;
87
non-fundable, 1888. )
Brown consol’n
!
|
Bid.
SECURITIES.
*554; 56 4
141
>
123 4:125 j
j MieluCent.—Cons.7s,1902
1144
j 107 4;
123 4 Consol., 5s, 1902
1
j Gs, 1909
122 4
984
127 4 128 j Coupon, 5s, 1931 —...Ij
Registered,
5s,
1931
121 1224;
Sag.—Gs,’91!
99 \ 99 4; Jack.Lan.A
92
No.—1st. 6s, 1910i 85
j Milw.A
115 J
1st, 0s, 1881-1913
i
N.Y.
Atl. A Rue.—1st, Os, 1910.
Balt. A O.—1st, 0s,Prk.Br.
Bur.C. Rap. & No.—1st,5s
fe
!
Prices.)
Atcb.T.AS.Fe—44s, 1920
Sinking Fund, 6s, 1911.;
:
Del. L. A VV.—Coutiu’d—
Morris A Essex—1st, 7s.
Railroad Bonds.
(Stock Exchange
r
SECURITIES.
Ask.
Bid.
|
Do
BAIL. BO AD
SECURITIES.
Ask.j
I
Special tax, all classes..
104
112
115
12)
105
113
115
117
30
10
Funding act, 1900
!
_
_
M4Y 29, 18S5.
SECURITIES.
Ask.
Bid.
SECURITIES.
904 Louisiana—7s, n,ons.,1914
Ex-matured coupon
90 ; Missouri—6s, 1886
6s, due 1889 or 1890....
904
Alabama—Class A, 1900.
104
Class B, 5s, 1906
87
Class C, 4s, 1900
106
0s. 10-208, 1900
3
Arkansas—0s, funded—
10
7s, L. Rock A Ft. S. iss.
10
7a, Memp.&L.Rock RR
10
7s, L. R.P.B. AN.O. RR
10
7s, Miss. O. A R. Ii. RR.
2
7s, Arkansas Cent. RR.
*
[Voi* XL,
THE CHRONICLE.
648
1st, reg., 7s, 1900
2d, 7s. 1913
t Coupons off.
i’o’i
!
1
......
....
,
iFt. W. A Denv. C.—1st, (is;
......
25
(iO
31
25
36
29
23
no
*64
*69 4
06
70
;N. Y. Tex. A Mex.—lst.Gs!
Phil. A It.—Gen.,6s.
I908f
;
Pullm’n’s Pal.Car—deb*7s
Wabash funded int. bds.
Tol. A 111. Div.—7s....
L. Erie Wab. A st. L.—7s. *
(it. West’n.—1st, 7s
Ill. A So. Iowa.—7s
Dec. A E. St. L.—0s
....
Toledo A Wab.—2d, 6s..
Wab. A West’ll.—2d,
(it. Western—2d. Os.
Os
...I
100*
May
THE
30, 1885.]
RAILROAD
CHRONICLE.
EARN1NUS
The latest railroad earnings and the totals from Jan. 1 to
latest date are given below.
The statement includes the gross
earnings of all railroads from which returns can be obtained.
The columns under the heading “ January 1 to latest date”
furnish the gross earnings from January 1 to, and including,
the period mentioned in the second column.
Latest
Earnings Reported.
Roads.
1 Veekor
Mo\
Ala. Gt. South’u.'April
Atcli. T. AS. F. jMarch
Bost. H. T. A W. 3d wk May
Bur.Ced.R.ANo.jsd wk May
■Canadian Pacific
Central Iowa.
Central Pacific..
Cliesap. A Ohio.
Eliz.Lex.AB.S.
Ches. O. A 8. W.
..
Cldc. Burl. A Q.(March
Chic. A East Ill 3d wk May
Chic. Mil.A St.P. 3d wk
Chic. & Northw. 3d wk
Ch.St.P.Min.AO.;3d wk
Chic. A W. Mich. 3d wk
Cin.Ind.St.L.&C. 3d wk
Cin. N. O. AT. P. April
May
May
May
May
May
Cin.Wask.ABalt.j2u wk May
Clev.AkronACol 3d wk
Clev.Col.C.A Ind March
Conuottou Val.. March
May
Det.Laus’gANo.'Hd wk May
Dub.ASioux City 3d wk May
E.Teim.Va.AGa. April
Evansv. A T. H. :3d wk
May
Flint A P. Marq.'3d wk May
Flor. R’way A N. 1st wkMay
Florida
South’ll.[March
Ft.Wortli A Den. April
Gal.Har.A 8.An. January...
Grand Trunk ...'Wk May 1(1]
Gr.BayW.ASt.P. 2d wk Mclil
Gulf Col. A 8. Fe April
|
Ill.Cent.(Ill.ASo) 3d wk May!
Do
(Iowa) 3d wk May
f End.Bloom.AAV. Ist wkMay
K.C.Ft.S. A Gulf 2d wk May
Kan. C. Sp. A M. 2d wk May]
Kentucky Ccnt’l March. ...I
Lake Erie A \V\. 2d wk
L Rk.A Ft Smith March
Ii.Rk.M.liiv.AT. March
L’a A Mo. River.
May'
i
3dwkMay|
January
January...
L'a Western
Louisv.A Nasliv. 3d wk May]
Manhattan El...,9 dys May.!
Mar.Hoiprh. AO. 2d wk May
Mem. A Charles. March
Mexican Central 3d wk May
Mex.N.,all linesJ April
Milwaukee A No 3d wk May
Mil.L. Sli.A West |3d wk May
Minn. ASt. Louis' April
Mobile. A Ohio..'April.
..
.
Morgan’s La. AT. March
Kaali.Ch. ASt.L April
N.O.ANortheast April
N.Y.L.Erie A Wet March
!
N.Y.Susq. A West April
Norfolk A West. 3 wks
Shenandoah V.
Northern Ccnt’l.
Northern Pacific
Oliio Central
Ohio A Miss
Ohio Southern..
1,346,135 1,404.056
3,526,581
8,526
53,093
6,673
49,337
114/>00
28,910
May!
2 wksMch.
April
April
Oregon Imp. Co ! March
Pennsylvania... April
lo8,501
1,104,726
995,354
2,379.378
1,433,826
457,966
535,518
6,355,119
6,147,763
779,779
157,630
356,232
596.243
8,130,001'
443,500
8,028,154
7.910.423
106,100
29,346
47,245
1,3S1,832
2,018,596
587,774
191/ 03
211,495
26,790
29,426
8,928
316,147
814.045
666,195
17 L,748
803,40s
9,983
21,987
16,634
121,731
67,290
6,501
27,013
2,896,036
6,233,5u9
443,819
929.052
896,901
1,974,117
134,610
418,522
301,394
125,509
520,244
230.605
16,9^5
291.519 *1,200.318
15,583
266,535
723,973
50,515
19.134
373,791
78.927
17,061
42,500
111,266
211,097
254,134
331,344
1,261,008
274,105
304,656
6,695
85,433
215,500
31,800
6,685
126,285
6,107,062
67,716
41,305
46,597i
33.186
71,571!
5,471,182
52,251
357,072 j
265.997
965.8S7
373,311
45,609
128,hi 1
254,134
511.334
3,817.193
627,2)4
771,99 4
827,276
198,393
4,142.308
32,271
25,641
5r>7,93 i
801,135
935,990
651,601
65.377
186,149
169,907
41,475
41,785
345.797
17,915
15,661
46,508
46,270
144,459
26,664
54,126
26,326
51,118
12 7*, 7*40
91,310
45,163,
51,211
50,666
39,828
84,339
736,733
51,211
50,666
253,0 >5
258,260
5,442,403
5,147,172
39,828
179.147,
4,008
109.252
167.364
20,102
111.925
830,018
45,163
93,223
351.765
69,200
57,675
133,401
11.335
149,578
10,097
21,665
21,175
418,048
173.800
126.537
158,940
167.790
621.746
683.668
351,727
165,331
305,660
987,685
712,023
241,695
3,459,463
1,170,772
188,167
26,390
1,269,249 1,177,892
440,107
262,102
138.100
467,131
275,507
142,549
82,273
90,331
137,362
149,705]
1,494,456
539,501
982,552
518,170
320,599
989,79
i
122*716
335,816
1,0 15,672
563,241
412,672
534,366
693.576
928,647
792,473
133.204
3.683,632
1,267,518
1,030/27
514,485
282.177
1,009,902
27,919
110,673
450.01()j 454,7491
142,563
1,726.635
2.692,823
1,725,772
3,554.658
348.746
1,272,952
381.179
38.809'
225,527!
I 246,719
332,778
39,599;
291,628!
143,054
670,7nl
279,923
1,975,517! 1,965.497
February.. j
55,306 j
75,433
March
5,214,415
140,375
37,054
5,475
147,030
111,313
jl,114.488 1,187,141
4,897,519
209,467
32,659 i
23,181
i
82,403!
53,712
1,327,728
149,492
780.146
4,156,309 13,693,486 15,159,902
291,075
12,507,
260,050
...
....j
May!
167.246
2,070,790
263,301
.
March
2 wks
641,829
64.800
56.130
—
April
April
April
833,711
784,988
66,672
60,323
937,396
'2,343,973 2.355,673' 7,904,486
! 1,179,970 1,238,079 4,018,850
317,181 1.297.202
301,097
54,816
52,828
289,993
39,481
45,728
251,197
49,853
32,079
220,099
•Georgia Pac... April....
Va. Midland.. April
130.841
124,094
449,138
West. No. Car. April.
33,834
37,289
143,802
Rocli. A Pittsb’g! hi wk May
26,239'
19,139
406,066
Rome Wat. A Og.j April
151,476
132,957
482,168
Bt. Jo. A West’ll. 2d wk May
19,577
14,453
Bt.L.AltonAT.II.' hi wk May
25,790
16,525
4*45,462
Do (Branches) 2d wk May
10,560
13,512
272,290
Bt. L. F.S. A W. hi wk May
206,766
7,971
12,359
St.L.ASan I ran. 13d wk May
75,497
78,184 1.532.202
Bt. Paul A Durth|3d wk May
23,244
21,106
331,610
Bt.P.Min A ManApril
804,999 2,141,153
707,800
Bouth Carolina. J April
73,310
68,846
424,364
Bo. Pac., No. Div! February
82,300
72,979
184,922
238.222
Southern Divg February..
247, 459
522,12 2
Arizona
137,516] 152,101
275,879
February..
56.711
54.752
New Mexico.. February..
109,537
94,936
Texas A N. O
65.075;
January...
65,075
13,747
Tex. A St. Louis. 1st wkMay
14,557
320,545
2o,563!
Tol. A.A. A N. M. April
85,763
17,400
...
.
7,297
21,120
16,700
276,698
15,695
43.776
19,2-9
25,191
32,400
211,097
3,704,890
wkMay!
12,910
Uniou Pacific...
Utah Central
Vieksb’g A Mer.
Vicksb.8h.APac.
Wab. St. L. A P.
West Jersey
Wisconsin Cent’l
860,235
26,891
36,913
412/K)o
437,500
105,600
24,123
45,962
301,999
Peoria Dec.AEv. 3d
Phila. A Erie
April
Phila. A Reading April
O. A Iron1 April
Do
Riehm’d ADanv.! A pi il
Ch. Col. A Aug |April
Columbia A Gr. [April...
359,052
3,743,424
147,i78
437,201
155,066
167,059
2,034,110 2,106,028
877,665) 1,441,514
21,130'
26,016!
2d wk May
$
150,356
301,224
3 010,6s3
5,725,261
532,511
7.835,475
26,252
April
April
Date.
1884.
$
383,375
57.893
N. Y. Pa. A O March
N.Y. A New Eng. April
N. Y. Out. A W. April
1885.
$
85,306
24,400
16,230
105.60*
68,175
Deny. A Rio Gr. /d wk Majr
Deuv. A R. G. W April
Des Mo. A Ft, D.'jd wk May
Island
$
82,831
273 611
Danbury & Nor. April
Long
1884.
3d wk May
126,000
3dwk May
21,615
April
1.735,000 2,030,079
March
268,775
313,542
March
53,307
57,519
March.....
128,528
116,110
Chicago & Alton 3d wk May
HMULiW
1885.
I Jan. 1 to Latest
82,494
50.904
524,547]
1,027,590
9.241,959
4,088,343
1,273,954
271,355
234,063
172,987
466,909
129,183
360,188
456,001
5* 16,914
304,504
177.826
1,638.990
351.949
2,351,619
446,901
152,392
518,016
318,170
109,586
94,986
Average
Banks.
Loans and
10,528.000
8.568.000
Manhattan Co
Merchants’
Mechanics’
Union
America
Phenix
City
Tradesmen’s
Fulton
Chemical
Merchants’ Exch.
Gallatin National..
Butchers’* Drov..
Mechanics’ & Tr..
Greenwich
Leather MannfTs.
Seventh Ward....
State of N. Y
M.KAT—Income
1.128.600
5.910.300
2.230.900
5.609.700
3,641,0()0
1.415.400
3.152.700
7.640.300
2,455,000
2.424.100
Pacific
Republic
Chatham
Peoples’
North America...
Hanover
Irving
Citizens’
Nassau
Market
St. Nicholas
Shoe A Leather..
Corn
Exchange
2.222.900
3.019.900
1.711.600
2,848.000
5.138.700
3.940.900
1.886.100
17.161.400l
17.422,5001
1,582.000
1,C»«7,700
13.375,100
7.644,000
2,35H,0o0
4.815.600
14,736,900
...
Continental
Oriental
Importers’* Trad.
Park
North
River
East River
Fourth National..
Central National..
Second National..
Ninth National...
First National....
Third National
N. Y. Nat. Exch..
Bowery
Y. County
N.
German-Americ’n.
Chase National...
Fifth Avenue
German Exch’nge.
Germania
United States
Lincoln
Garfield
Fifth National....
B’k of the Metrop..
West Sbie
The
1.279.500
2.982,000
3.126.300
2.932.100
2.644.400
1.556,000
3.247.000
4.147.400
6.661.700
1.943.300
24.579.100
22.346.100
1,921,000
937,700
16.476,000
9,701.000
3,254,000
5.227.600
18.612.800
255.200
464.400
122.500
227.200
387.1"0
45,000
5,400
3*80*6*0*6
269,400
4*43*6*0*6
3*83*90*6
1*6'3*5*66
9*89*90*6
45,000
2*25*0*0*0
180,000
297,000
36,400
45,000
447,300
1*86*66*0
1,245.800
2.212.700
208,500
2,563.100]
180,000
2.514.600
45*666
4.174.400
3.204.900
560.0001
203.300
55.100
2.527.300
2.143.000
2.547.500
1.912.500
190.400
110.500
60,100
372,700
4,215.200
134.500
751.500
359.500
171,000
168.600
882.300
*2,606
462,700
44,500
4*23,6*00
379.000
256.500
786.100
150,000
264.300
3,040,000
1.402.400
192.000
1.168.100
1.239.900
681.500
4.379.900
649.500
1,861,000
180.000
45,000
180.000
135,000
296,000.200 114607200 36,024,100 363.276.900 10.430 200
Loans.
totals for several weeks past:
are
L. TendersJ
Specie.
Circulation Agg.
Deposits.
Clear'q*
j
$
$
$
$
Mav 9 299,100,800 113037000 32,740,900 361,998,700 10.797.500 507,034.848
16 298.'748.900 113641200 35,017,800 364,971,800 10,529,100'511,557,389
$
$
”
“
23
10.430,200*471,377,574
296,000,200 114607200 36,024,100 363,276,900
Boston Banks.—Following are the totals of the Boston banks
1885.
Loans.
Specie.
L, Tenders.
Deposits.*
$
$
$
$
May 9 144,532,900
8.514.900
8.498.900
8,487,800
“16 144,496,200
“
23 144,462,700
4,215,600
Circulation Agg.
1
Clear'Qt
$
S
102,799,50o!*22,238,100
4,079,400 104,234,700'22,283,100
4,321,700 104,570,300:22,270,300
66.682,368
63,772,614
59,311,284
Philadelphia Banks.—The totals of the Philadelphia ban! 8
are as
follows:
1885.
“
“
Lawful Money.
Deposits.*
$
$
$
$
74.955,661
77,004,215
77,155,756
7,667,337
44.185,504
42.207,410
44,099,177
9
74,079,191
$
26,621,227
16
74,651,485
74.941,896
27,010,753
26,695,389
May
23
Circulation. Agg.
Loans.
7,M31,741
7,608,363
Clear'gs
"■Including the item “duo to other banks.”
Unlisted Securities.—Following are latest quotations fora
week
past:
7 >4
Atlantic & Pac.—Stock....
a) a.* Cuar.Air L.,lst,t.b. 112^
86
lnco
Am.R’way Imp.ex-hds stk 15
Bank. AMerch.Tel., IstM.
4 7,
Gen. mort
Bost. H.T.* West.—St’k.
l^j
44
Debentures
B’klyu Kiev.—1st, ass’tpd 28
2
Buff. N. Y.& Phila
2q
Pref
22
Trust bonds, 6s
52
Denv.* Rio Grande—cons
90
5
4
35
19
6
••••«.••••••••••••••••■
Denv.* Rio Gr. W
Ben. R. G. & W., 1st
Guar, by D. * R. G
Edison Electric Light
4
M.,
37
50
9
97
7;h
Mexican National
Pref
1st mort
Mo. Pacific—Old stock
278
2d mort
Kans. * Neb., 1st tr’tcer. 106
44
2d trust cer
30
20
3
38'*a
„
.....
97
40
9q
12
22 *4
38j
10
Cowdry ctfs
39*4
scrip
N. Y. M. Uu. Tei.—Stock.
N. Y. W. Sh.A B.- Stock.
North. Pac.—Div. bonds
.
50 8a
l1*
74
Bid.
Securities.
Bid.
Securities.
Keely Motor
§ Mexican currency.
477.000
321,000
413.500
881.700
332.900
471,000
309.400
444.500
1,018,100
1.121,100
150,716
163,582
44,4.'2
5,07 v!,504
218.950
534,111
1.344.500
1.007,600
6.460.400
1.602.100
1,207,000
following
1885.
2.257.600
297,000
135.200
892.000
2,474,000
Total
1.749.000
*
6,081,200
4.153.400
1.664.700
3.725.100
10,180,700
428.800
68^,700
111.300
606,400
170,100
708.200
900.000
204.000
241,000
289,000
777,600
367,000
298.800
22.157.600
4.350.300
6.978.400
3.160.400
702.000
884.000
354.500
424.900
207.100
152.500
*90*000
1,008,100
2.527.300
1.135.700
4.424.700
14,268.000
34 8.800
407.300
557.700
1.100
263,000
1,307,000
332.800
2,447,000
1.717.500
5.583.500
3.121.000
2.681.700
1.88 2,300
1.775.100
352*600
8,561.000
65.000
93.000
191.600
3,047,100
1.651.800]
426.000
1.638.500
223.700
8,683,800
4,271,700
1.126.900
2.170.600
1.789.900
2.734.600
450,000
211.000
120.800
671.700
4,039.0oo
...
$
2,248.000 12,416.000
475,000!
9,516.000
9.758,000
328,100;
3.4 90,300
1,027.000 11.183.600
148.000
2,500.000
739.000 15.719.800
150.300
1.785.200
175.500
1.769.200
1,238,900 21.906.500
346.200
2.657.300
798.300
3.745.400
265.900
1.911.600
5,322,000
10.502.100
1,016.600
1,824,600
276.600
1.864.500
889,000
125.100
581.800
3,816.300
882.400
496.800
690,000
618.300
290.400
799.000
17,942,500
6.644.500
....
Mercantile
Circul *tion.
1,098.000
296.000
1,859.200
3,023,600
12,297.000
Americ’n Exch’ge.
Commerce
Deposits
other
than U. S,
$
2,803.000
2,634.000
1.885,000
3,435/100
6.640.500
8,229,000
4.087.800
765.700
8.694.800 5,586,tOO
2,720,000
635.000
6.642.800 10.557.100
1,994,000
329.100
1.164.600 1.130.400
15,039.700 9,506.000
2.600.700
673.400
4.889.300 1,167,900
1,640.000
451.600
1,174,000
48,000
1,002,400
109.300
2.573.900
819.900
.
Net
Teiuiers.
$
New York
Broadway
Amount of-
Legal
Specie.
Discounts.
Georgia Pac.—stock
1st mort., 6s
Not tueludmK earnings of New York Pennsylvania A Ohio road.
*
Not including the first, six days of January, preceding time when
Receiver took possession.
t Not including lad. Decatur A Snrinarf. in either year,
>iew lork City Banks.—The
following statement shows the
condition of the Associated Banks of New York
City for the
week ending May 23, 1SS3:
258,571
64,661
5,037.945
a
j Not including Colorado Division in either year.
649
52
2 V,
76
North Riv. Cons.—100 p.e
Ohio Cent.—Riv. Div., lsi
Incomes
Pensacola * Atlantic
1st mort
8^
Pittsburg ite Western, 1st
Postal
Telegraph—Stock.
1st mort., 6s
Postal Tel.* Cable—Stock
Rutland RR
Southern Tel.—Stock
1st mort
State of Tenn.—Set’m’t.6s
St. Jo. & W.,stk trustcer.
St. Jo. & Pac., 1st tr. cer.
2d trust cer
Kans. A Neb., 2d m
Tex.* Col. Ini (».—Ev.i'om
Texas & Pac.—Scrip ls84.
61
8*4
Old scrip
New scrip
Tex.A St.L.,HAAI)iv.asp
M. A A. Div., 1st mort.
Incomes, a«s. pd
6s, 1st mort., in Texas..
Gen. lstjd.gr.*inc.as.p
U. S. Electric Light
Vic«*sb. * Meridian
Pref
1st mort
Incomes
Virginia Midl’nd, 6s,
West X. Corolina.—
^
^
2*4
.“
-J'
76
f
,
;
;
notations in Boston, Philadelphia
1
BOSTON.
Atch. & Topekar—1st, 7s
Land grant, 7 s
Boston & Maine—7s
Boston A Albany—7s —
0s
Boston A Lowell—7s
08
Boston A Providence—7s
Burl. & Mo.—Ld. gr.,7s.
125
|
§117*3
§89 V
Valley—6s
122*2
119
;
110
K. City Lawr. A So,—6s..
K. City St. Jo. & C. B.—7s
Little R. A Ft. S.—7s, 1st
K. City Su’d A Mem—6s
Mexican Central—7s
Income
i*20*2
110
10934 110
55°8
55 s4
14
$
Scrip
95
92
Income
Old Colony—7 s
08
Pueblo A Ark.
Catawissar-lst, 7s, con. c.
Chat. M., 10s, 1888
New 7s, reg. & coup—
Connect’g 6s, cp., 1900-04
Cor.Cowan* Ant.,deb. 6s,
Delaware—6s, rg.& cp.,V.
Del. & Bound Br.—lst,7s
East Penn.—1st, 7s, 1888
Easton&Amb’y—5s, 1920
El.&Wmsp’t-l st,6s, 1910
66 34
714
176 U
112 ig
Atlantic A Pacific
Boston A Albany
Boston A Lowell.
Boston A Maine
Boston* Providence....
Boston Revere B. A Lynn
Cambridge
l'o"
§16*8*
78
§*2
100'
Lansing A No., pref.
Eastern, Mass
Fitchburg
Det.
‘513&
Cons., 6s, coup.,
Norwich* Worcester...
Colony
1234
19*4
111*2
165
1*5*9* *
Ogdensb. * L. Champlain
Portland Saco & Porism. § *1*2*6**
18 l4
Rutland—Preferred..
Summit Branch
§81
Worcester & Nashua.
1134
Wisconsin Central...
19*2
Preferred
12
PHILADELPHIA.
RAILROAD STOCKS, t
Allegheny Valley
Valley....
Pennsylvania...
Pennsylvania
Philadelphia & Erie....
North
Phila. Ger. & Norristown
Phila. Newtown & N.Y
Phila. & Reading
Phila. Wilm. & Balt....
Pittsb. Cin.& St. L.—Com.
United N. J. Companies..
Westchester—Cons. pref.
West Jersey
West Jersey & Atlantic..
:
CANAL STOCKS.
5*7 -s
61
5134
1*8*
Parkersburg Br
Central Ohio—Com
61
03*2
50 a4
17
108
196
197
40
7*4
i
Digitizedi for FRASER
Ex-dividend.
Ciu. Wash. & Balt.—lsts.
2ds
3ds
„
Columbia* Greenv.—lsts
No.Centrai—6s, ’85, J.&J.
6s, 1900, A. & O
120*2
6s, gold. 1900, J.&J....
5s, Series A
15 h
os, Series B
Pittsb.&Con’ells.—7sJ*J
Union RR- 1st,gua.J&J
Canton endorsed
Belvid’e Del.—1st,6s, 1902
*
Balt.&Ohio—6s„’85A.&0
Cen. Ohio.—6s, lst,M.*S.
Chari. Col. & Aug.—1st..
**8*2
Ashtab. & Pittsb.—1st,6s
1st, 08, reg., 1908
2d, 6s, 1885
3d, 6s, 1887
Bell’s Gap—1st, 7s, 1893.
1st, 6s, 1905
Consol., 6s, 1913
Buff. N.Y.& Phil.—1st,6s
2d, 7s, 1908
Cons. 6s, 1921
89*«
90
ibs*'
102
112
101
100*4
1 Per share.
i*17*
Virginia & Tenn.—5s
8s
W.Md.—6s, 1st, g., J.&J.
2d, guar., J.&J
2d, guar, by W.Co.,J.*J.
6s, 3d, guar., J. * J
Wilm.C & Aug.—6s
Wil. & Wemon—Gold, 7s.
* In default.
ast price
appropriated the
sum
of four
transportation of mails. The Postmaster-General will, during
the coming month, decide upon the policy to be adopted by
the Department in regard to the amount which each line is
entitled to for the service it renders. The claims of this com¬
pany will be laid before the Post Office Department by its
counsel, and we have every reason to believe that we will l>e
treated in a just and business-like manner.
“The revolution which lately occurred on the Isthmus of Pan¬
ama has been suppressed through the prompt action of the
Navy Department in sending a force to that region sufficient
to protect the interests of Americans, and put an end to the
rebellion. This company was exceptionally fortunate during
the trouble that arose there in that, while a 'large amount of
property belonging to the Panama Railroad Company and
other corporations was destroyed, we suffered only from a
temporary suspension of. business, which has now been
“
Notice was given during the
Overland Railroad Companies of
antee
month of March last by the
the abrogation of the guar-,
which had existed during the last three years on the
business
between
New York and San Francisco.
arrangement has been entered into by the
company,
A new
managers of the
under which the guarantee has been reduced (in
consequence of the large falling off in the business to and
from that section) to eighty-five thousand dollars ($85,000) per
month.
We have no doubt that, with a more prosperous
state of affairs in the United States, the companies will see
the justice of increasing the guarantee to the amount which
101
101
we
§105**
106
108*2
80
109*y 110
formerly received.
The ships of the company have been
maintained in a state of the highest efficiency, and I have no
loss or accident to report that is worthy of your attention.”
The earnings and expenses in detail, for three years, were as
follows:
EARNINGS.
120
128
84
Atlantic Line
80
68*4 69*2
172
175
.
Panama Line
Trans-Paeilic Line
:/
Australian Line
Austral’n and N. Zeal, subsidies..
Ceut. Am. and Mexican subsidies..
Hawaiian Government subsidy...
Interest and divs. on investments.
Miscellaneous.
Exchange
Total
12 *2
*
.
1882-83.
1883-84.
1SS 4-85.
$799,767
$991,094
$1,0! 6,172
1,844.462
715,732
353,200
1.790,9 27
1.251,702
1.5 47,225
309,288
159,066
173,980
102.8(0
180,190
105,500
5,500
17,941
61,616
5,500
14,69 4
45,666
33,278
87,366
100,250
2,667
14,766
43,853
6,047
$4,102,764
$4,787,899
$4,826,193
1883-84.
1884-85.
27,766
1.848.781
PENSES.
11334 114*2
87*4
1*0*7*
99*4 100
57*2 57
*
29
103
7534 7634
10234 103
118
117
Trans-Pacitie Line
Australian June
Agencies
Extra repairs and expenses.
Interest
Miscellaneous
1
121
120
107*2 108*4
106
123
$579,028
447,796
347,462
398,710
129,702
78,764
30,075
1,167,214
635,479
408,326
392,785
22,614
53,18 3
138,688
1.100,506
737,392
194,718
$3,190,507
$912,257
$3,394,419
$1,393,480
$3,209,133
The following were the proportionate
eral lines from freight and passengers in
117 '
i 0i
12 b*
105
$576,125
$545,851
1,212,144
107*2
94 *g
2b
1882-83.
90
103
109*2
2d
**45*
RAILROAD BONDS.
til
101
50
50
Pref
50
Western Maryland ....50
RAILROAD BONDS.
Atlanta* Chari.—1st...
Inc
S.
***634
Allegh. Val.—7 3-10s, ’96 120
7s, E. ext., 1910
1*3*
Inc. 7s, end., coup., ’94
fi
52*4
RAfLR’D STOCKS. Par
Atlanta & Charlotte
Baltimore & Ohio
100
1st pref
2d pref...
“Congress, at its last session,
hundred thousand dollars ($400,000) to pay the different Amer¬
ican steamers engaged in the foreign carrying trade for the
resumed.
BALTIMORE.
2ds
.
65
2d, 6s, reg., 1907
583,
43
8ohuylkill Nav., pref...
99
120*a
Schuylk. Nav.—1st,6s,rg.
Lehigh Navigation
Pennsylvania
15
7s..I
6s, P. B., 1896
Gen., 7s, coup., 1901
CANAL BONDS.
Ches. & Dol—1st, 6s,1886
Lehigh Nav.—6s,reg.,’84.
Mort. KR., reg., 1897 ..
Cons., 7s, reg., 1911
Pennsylv.—6s, cp., 1910..
40
58^
Norfolk & West’rn—Com.
Preferred
Northern Central
71*2
Jersey—1st, 6s, cp.,’96j
125
1st, 7s, 1899
Cons. 6s, 1909
1
W. Jersey* Atl.—1st,68,C.
Western Penn.—6s, coup.
Preferred
Little Schuylkill
Mineliill & Sell. Itaven...
2d, 6s, 1938
Syr.Gen.* Corn.—1st, 7s.
Tex. & Pac.—1st, 6s,1905
Consol., 6s, 1905
.
Union & Tltusv.—1st, 7s.
United N. J.—Cons.6s,’94
Cons. 6s, gold, 1901
Cons. 6s, gold, 1908
Gen., 4s, >- old, 1923
Warren & F.—1st, 7s, ’96
'
Huntingd’n & Broad Top
Preferred
119
119
124
W.
Preferred
Lehigh Valley
Scrip, 1882
Conv., 7s, R. C., 1893..t
Conv. 7 s, cp.off, J an.,’85
Phil.Wil.* Balt.—4s.tr.ct
Pitts. Cin. & St.L.—7s
Pitts. Titus. & B.—7s,cp.
ShamokinV. & Potts.—7s
Shen. Val.—let, 7s, 1909
Gen’l 6s, 1921
Income, 6s, 1923
Income, 5s, 1914
Sunbury & Erie—1st, 7s.
Sunb. Haz. & W.—1st, 5s
Westchester -Cons.
Ashtabula* Pittsburg..
Preferred
Bell’s Gap
Buffalo N.Y. & Phil
Preferred....
Camden & Atlantic
Preferred
Catawissa
1st preferred
2d preferred
Delaware & Bound Brook
East Pennsylvania
Elmira & Williamsport..
94*2
Cons. 5s, 1st ser.,c.,1922
Cons. 5s, 2d ser.,c.,1933
Conv. AdJ. Scrip, ’85-88
Debenture coup., 1S93J
Louisiana* Mo. River..
Preferred
Maine Central
99V 100
20
Marq. Hough t’n* Onton. §
00
Preferred
§
|
1905...
Cons., 7s, coup., 1911..
Cons., 6s, g., I.R.C.1911
Imp., 6s, g., coup., 1897
Gen., 6s, g., coup., 1908
Gen., 7s, coup., 1908
Income, 7s, coup., 1896
Kan. C. Spring!. & Mem.
Little Rock A Ft. Smith.
Metropolitan
“Herewith annexed you will find statement of the business
of the company for the past year, which is unusually satisfac¬
tory, as showing net earnings of over eight (8) per cent for the
year, with a business outlook for the future that promises
101*4 101*2
better than at any period of our history,for the last ten years.
45
47
On the 31st of December last the company paid off the entire
amount
of its indebtedness to the Panama Railroad Company,
130
131
-and the earnings since that time have sufficed to continue
130
123
124
dividends at the rate of five (5) per cent, leaving the company
*123
at the present time with a cash balance of nearly half a million
107*2
of dollars.
Plnl.&Erie—lst,7s,cp.’88
Cons., 6s, 1920
Cons., 5s, 1920
Phila. Newt. & N.Y.—1st
Phil.* R.—1st,6s, 1910..
2d, 78, coup., 1893
§
Cons., 7s, reg., 1911
Flint & Pere Marquette.
75 Hi
Preferred
§
Fort Scott A Gulf
Preferred.
Iowa Falls & Sionx City.
Kan. C. Clin. A Springf’d
of Mr. J. B. Houston, President, has the follow¬
:
132
Cons., 5s, reg., 1919
Pa. & N. Y. C.—7s, 1896.
10
Steamship Company.
ending April 30, 1885.)
§123
Pennsylv.—Gen.,
reg.
Gen., 6s, cp., 1910
Cons., 6s, reg., 1905
116*3
Mexican Central
I
Nashua & Lowell
N. Y. & New England ...
Northern of N. Hampsh.
*48*
(For the year
The report
ing
*
Pei'kiomen—1 st, 6s,cp.’87
'
Concord
Connecticut River
Conn. A Passumpsic
Connotton Valley
Nesnuehoning
.
i*25*
136
7,1906
§57 ^2
Chic. A West Michigan..
Cinn. Sandusky A Cleve.
1
85
Inc., 6s, 1933
110
74
Pacific Mail
110
Cons. 5s,
REPORTS.
ANNUAL
104*9
Oil City* Chic.—1st, 6s..
66 7g Oil Creek—1st, 6s, coup..
7 «6
6s,
179
180
Cheshire, preferred
132
116
103
Harnsb’g—1st, 6s, 1883..
H.&B.T.—1st, 7s, g., 1890
9514
It is published on the
other month—viz.* February* April,
June* August* October and December, and is furnished without extra charge to all regular subscribers of the Chronicle.
Extra copies are sold to subscribers of the Chronicle at 50
cents each, and to others than subscribers at $1 per copy.
i*0*9*‘
Gen., 7s, 1903
Debenture 6s, reg...
Norfolk & West.—Gen.,6s
N. R. Div., 1st, 68.1932
N. Y. Phil.* Nor.—1st, 6s
1204*
§104i4
Val.—7s..
Sonora—7 s
STOCKS.
Atchison A Topeka
Old
130
5s, perpetual
N. O. Pac.—1st, 6s, 1920.
No. Penn.-2d, 7s, cp. ’96.
§120
Rutland—6s, 1st
'
130
1895
95*a rthaca&Ath.—1st, gld.,7s
L.Cli.—Con.Bs
The Investors’ Supplement contains a complete exhibit of the
Funded Debt ofStates and Cities and ofthe Stocks and Bonds
last Saturday of every
’97.
Leh.V.—lst,6s,C.*R.,’98
ll)634 1*0*6 7e
2d, 7s, reg., 1910
115*2
Cons. 6s, C.&R., 1923..
Debenture, 10s
N. Y. A N. England—6s..
7s
N. Mexico A So. Pac.—7s
i
118
117
107 *u|
Intelligence.
of Railroads and other Companies.
Cam. * Burl. Co.—6s,
j ,|
Ogdensb.A
107*9
109*9 110
Atl.—1st,7s,g.,’93
2d, 6s, 1904
Cons., 6 p. c
Passumpsic—7s.
Connotton
2$aiI*xrs*iCl
Buff.N. Y.&P;—(Cont’d)—
1 st. Tr. 6s, 1922
Buff.Pitts.* W.—Gen.,6s
Cam. & Amboy—6s, c.,’89
Cam. &
AND
Ask
Bid.
SECURITIES.
[Vol. XL.
%nvt cstm&nt
and Baltimore.
Mort., 6s, 1889
Nebraska, 6s.. Exempt
Nebraska, 6s.Non-ex’pt
Nebraska, 4s
Conn. A
Ask.!
Bid.
SECURITIES.
'M i |
CHRONICLE.
THE
650
this week.
Passengers.
$178,304
Panama Line
Trans- PaciFc Line
Australian Line
Total
355,784
759,632
87,705
53,737
8,313
122,259
$1,617,055.
earnings of the sev¬
the three years :
1882-83.
127*2
413.185
1833-34.
1831-85
Total.
Freight.
$837,865
1,492.997
$1,016,172
1,848,781
787,593
71,361
1:547,225
159,066
$1,381,425 $3,189,819 $4,571,244
May 30,
The
THE
1885.J
following is a statement of the financial condition
April 30, 1883, 1884 and 1885:
CHRONICLE.
of the
company on
ASSETS.
1883.
Cost of steamers
Real estate and improvements
Coals, supplies, &c
1884.
1884.
$12,382,159 $11,266,815 $11,543,681
1,079.513
1,079,513
1,079,513
1-69,774
478.301
583,611
264.947
1.286,981
613,441
7,198,895
7,076,209
6,529,596
Sundry assets
Protit and loss
Total
$21,295,288 $21,187,819 $20,349,842
LIABILITIES.
1883.
Capital stock
1884.
1885.
The report says of the lease: “ The
corporation, at a special
meeting held at Plymouth, June 12, 1884, ratified the proposi¬
tions that had been agreed to by the directories of the two cor¬
porations, and on June 18 the lease, which had been approved
by the stockholders, was executed to the Boston & Lowell RR.
for 99 years from June 1, 1884.
The Boston & Lowell RR.
took possession of the road at once under the
provisions of the
lease, and since that date they hive operated the road.
Among the improvements which we are informed by the
Boston & Lowell Railroad they have in
contemplation are the
re-laying of the track between Woodsville and Fabvan’s with
steel
$20,000 000 $20,000,000 $20,000,000
San Francisco—Unpaid bills
New York—Unpaid bills
Panama RR. Co.—Loans
Do.
Traffic account
Unclaimed dividends
Coal freights
John Pirie & Co and others (coal).
28,926
65,396
20.166
1,013,528
76,123
838,944
47,126
o
Agents’ balances
connecting steamship comp’s.
Passage credits and orders
Panama drafts
:
Due
Miscellaneous
Suspense
Total
71,546
1,404
1,404
11,470
66,200
1,404
21,918
110,305
83,363
rails,, and the erection of
Total
Disbursements—
25,980
36,054
12.982
19,613
16.686
6,029
Pemigewassett dividends
513
106
1,503
33,533
on
preferred stock
Total
1834-5.
$264,556
28,783
*$264,369
$243,038
$293,339
$272,748
...
$207,463
$215,539
39,285
$220,936
43,527
56.544
30,054
30.084
$246,748
Balance
*
1833-4.
$222,541
20,494
8,388
■
17,460
25,009
1,590
5,752
Pittsburg Cincinnati & St. Louis.
(jFor the year ending Dec. 31, 1884.)
This company controls several of the Pennsylvania system’s
lines west of Pittsburg.
The annual report for 1884 states
that the tonnage transported was 3,630,919 tons, against
3,466,544 tons in 1883, an increase of 164,375 tons, mainly in
coal, stone, lime and grain. There was a decrease in freight
earnings of $537,454, nearly all of which was on through ton¬
restaurant at Weirs.”
1832-3.
Receipts—
Net earnings
Other receipts
Interost
Dividends
$21,295,288 $21,187,819 $20,349,841
a new
INCOME ACCOUNT.
20.843
73,248
76,793
651
$289,120
$307,564
Sur.$i,219 De*\$34,816
Def.$3,710
$250,000 of this is rental received from B. & L. RR. for 10 months.
Concord.
(For the
The annual report
year
ending March 31, 1885.)
says in regard to the Manchester & Keene
Railroad that with the obligations assumed in the
agreement
for the purchase (jointly with Boston &
Lowell), and pos¬
session taken under it, and with the large payments and
expen¬
ditures which had already been made,
proper course for
this company seemed to be to make the
remaining payments
for the purchase, and secure the title to the
property, aud
make such further expenditures as were necessary to
put
the road in proper condition for use ; and the directors have
acted accordingly.
They have made arrangements with the
Boston & Lowell Railroad to assume the op ration of the road
for the time being, at its own expense, and
paying a small per
cent of rental to this road.”
The amount of the present investment by the Concord Rail¬
road in the original purchase of the Manchester & Keene
“ther
The average rate received per ton per mile was 6 3-10
compared with 7 6-10 mills for the previous year ; the
average cost was also decreased, but not to as large an extent,
the result being a decreased profit on this class of traffic.
There were carried 1,323,074 passengers, as compared with
1,235,983 in 1883, the gain being in local travel. There was
a decrease of $32,139 in
passenger earnings, there being a
reduction in the rates on both local and through traffic. There
was a large decrease in expenses in almost all
departments,
although $89,478 were charged to motive power expenses, on road, and the permanent improvements made on it since,
account of improvements to the shops at Columbus and Den¬
appear in the item relating to that road in the trial balance of
nison.
the Treasurer, viz: $100,518.
President G. B. Roberts says in his general remarks that it
EARNINGS AND EXPENSES.
nage.
mills
as
-
,
will be noted that there was a further reduction in rates on
both freight and passenger traffic upon most of the lines
embraced in the system, and although the average cost of
movement also shows a decrease, it was impossible to so reduce
expenses as to
equalize the loss in
shown in the income account,
revenue, and the result, as
was a deficit in the amount
required to provide for all the obligations connected with the
Earnings from—
Passengers
Freight
Mail, express, &c
Total earnings
Oper. expenses and taxes
Net
roads embraced in the system. This reduction in rates was
due to the depression that prevailed throughout the year in all
manufacturing pursuits and to the severe competition con¬
sequent upon the construction of new competitive lines.
The comparative statistics for four years, compiled for the
Chronicle,
are as
follows
:
OPERATIONS AND FISCAL RESULTS.
1381.
Miles owned &, oper.
201
1882.
20L
20i
‘
1884.
201
Operations —
1,017,431
1,161,533
1,235,983
1,323,074
Passenger mileage.. 38,504.300 39,391,896 40,425,700 40,060,657
Rate per pass.)), mile
2*31 ets.
2 52 ets.
2 60 cts.
2‘52 ets.
Freight (ions) moved 3,297,844
3,125.615
3,466,544
3,630,919
Fr’glit I tons) mileage401,9 46,012 415,411,957 428,293,199 432,041,558
Av. rate p. ton p.mile
0*72 ets.
0-7<>cts.
0 76 cts.
0e3ets.
Earnings—
$
$
$
$
Passenger
890,311
994,220
1,052.014
1,019.875
Freight
2,884.041
2,927,998
3,243,667
2,706,212
Mail, express, &c
294,701
328,059
292,705
319,170
4,069,053
2,759,740
4,214,923
Op. exp. and taxes..
Net earnings
P.c.of op,ex.to earn’s
1,309,313
67-82
1,383,923
2,831,000
67*17
4,623,740
3,087,465
4,015,257
2,731,960
1,536,275
6677
1,313,297
1883.
1884
67-53
INCOME ACCOUNT.*
Rccetyts—
Net earnings
Rentals and interest
Net from l’sed roads.
Miscellaneous
Total income
Disbursements—
Rentals paid
Interest on fuud. d’bt
Other interest
Int.on C.&M. Val.bds.
Loss on St. L.V. AT. II.
1881.
1882.
$
1,309,313
22,670
532,690
$
1,383.923
$
$
1,536,275
1,313,297
19.636
8,784
4.624
609,271
401,132
423,531
.
86,521
1,864,673
$
819.464
2,099,351
$
825,447
1,946,191
$
851 931
1,741,452
846,769
851,990
714,490
646,990
181,777
222,985
105,000
231,216
183,850
105,000
105,000
33,011
105,000
170,445
1833-84,
1884-85.
$390,619
7.30,166
86,275
703.276
$378,415
673,606
48,999
48,343
887,562
$1,142,894
666,701
$1,100,864
694,485
$430,318
$476,190
$406,379
INCOME ACCOUNT.
1882-83.
1883-94.
188 4-85.
earnings.
$430,318
$476,190
$406,379
Disbursements—
Rentals
Taxes on stock
$148,872
33,798
$144,593
37,360
$113,319
37,755
Net
Improvements and reserved for
1883. *
Passengors <arried..
Total gross earnings.
earrings
1882-8 3.
$501,439
82,534
$
846,188
improvements, &e
Dividends, 10 per ceut
Total disbursements
Balance
97,264
143,236
104,091
150,000
150,000
150,000
$429,934
Sur. $384
$475,189
$1,001
Sur.
$405,165
$1,214
Sur.
GENERAL INVESTMENT NEWS.
Atlantic & Pacific.—At the annual meeting of this com¬
pany, held in Boston,
company, stated that
was
in
the
hands
ready
for
Colonel H. C. Nutt, President of the
the yearly report of the directors
of
the printers, and would be
distribution within a few days.
Only one
was made
in the board of directors—the sub¬
stitution of Mr. George O. Shattuck for Mr. A. E. Touzalin. The following ticket was unanimously elected: Henry
C. Nutt, William B. Strong, I. T. Burr, B. P. Cheney, A. W.
change
Nickerson, George O. Shattuck, Levi C. Wade ami Walter L.
Frost of Boston, and Jesse Seligman, C. P. Huntington, Ed¬
ward F. Winslow, William F. Buckley and Bryce Gray.
Bankers’ & Merchants’
Telegraph.—The affairs of this
company, the American Rapid Telegraph Company, whose
stock it controls, and the Postal Telegraph & Cable Company,
with which the Bankers’& Merchants’was formerly allied,
are all in such a mixed condition that nothing can be predicted
with certainty as to their future.
The Postal Telegraph &
Cable Co. is referred to elsewhere under its own title, and as to
the Bankers’ & Merchants’ Judge Phelps, in the Circuit Court,
at Baltimore, ha3 authorized the sale of that portion of the
company’s property lying within the boundary line of Mary¬
land. -This includes beside the plant, etc., 5,396 shares of stock
Total..,
2,123,455
2,005,422
2,000,033
1,8S8,662
valued at $10 when at par. It is reported that there is a gen¬
Balance
def. 258,782 sur. 93,929
def.53,842 ilef.147,210 eral scheme to sell out and
reorganize the several companies
.Exclusive of Col. Cliio. & Ind. Cent.
under one consolidated management without interest liabili¬
Boston Concord & Montreal.
ties, but it is impossible to say how far this will be successfully
carried out.
A receiver for the American Rapid was applied
(For the year ending March 31, 1885.)
The report shows the receipts and expenditures in the man¬ for in Philadelphia.
Canadian Pacific.—This company issued a circular which
agement of the road for two months ending May 31, 1884,
during which time the road was operated under the direction says that as it must be some weeks before the legislation giving
of its own board, and the rent received from the Boston & effect to
parliamentary resolutions can become a law, it will
Lowell Railroad Corporation under the lease for the remain¬ be necessary to adjourn the annual and special meeting of
der of the year, as appears in the income account below.
the shareholders to the 13th of June, when the annual report
“
Cin.& Mus. V. RR
Miscellaneous
*
14,832
42,603
31,620
ji i
'.i
THE
652
of
for
Bank of Montreal as
the Canadian Pacific
valid consideration, contracted with the
trustee for the individual shareholders of
cent half yearly until
re-arrangement of the
company's finances does not and cannot in any way affect
this undertaking or interfere with the regular payment of said
dividends to the shareholders.
The earnings and expenses for April and for four months
Company to pay a dividend of
per
August, 1893, and that the proposed
have been as
follows:
April.
,
'GroPS earnings
.$892,141
^Operating expenses.
367,77(3
/
*
1884.
1885.
$343,987
318,939
Jan. 1 to April 30.
188*1.,
$2,005,378
1,401,613
18-4.
of the Erie Company, the
requesting him to give a proxy to
the Cincinnati Hamilton &
Davton stock held in his name for the New York Lake Erie
& Western Company.
The request presented to Mr. Jewett
not complied with by him.
A few’ weeks ago Mr. Jewett
in Cincinnati, and while there a suit w’as brought by Geo.
Hafer, a minority stockholder of the Cincinnati Hamilton &
Dayton Company, against Mr. Jewett, the trustees and the
New' York Lake Erie & Western Railroad Company, in which
he asked that Mr. Jew’ett be enjoined from giving to any one
representing the Erie Company a proxy to vote on the stock,
the alleged grounds that the contracts were illegal under
the laws of Ohio.
The Erie Company filed an answer setting
out the contracts fully as they had been made by Mr. Jewett,
when president of the ‘Erie Company, and asking that Mr.
retirement from the presidency
board passed a resolution
Mr. King, the new president, on
will be submitted, witli balance sheet and de¬
tailed statements on all matters pertaining to the position
the'enterprise. The circular states that the Government,
of the directors
>
$1,122,826
1,440,096
was
was
$603,765 def. $317,270
$324,365
$25,028
Central of New Jersey.—Regarding the proposition from
Baltimore & Ohio for the use of Jersey Central tracks and
terminals, nothing more definite has yet been given out than
the reports on Thursday P. M. Kiernan’s report then said:
“A meeting of Jersey Central directors is being held to
devise measures to meet the past due interest on the debenture
and convertible bonds. A plan for their payment will proba¬
bly be developed before the board adjourns. The Baltimore
& Ohio traffic proposition submitted at to-day’s Jersey Central
meeting has been referred to a committee consisting of Presi¬
dent Little, Sam Sloan and Henry C. Kelsey. The proposition
of the Baltimore & Ohio to the Jersey Central directors has
been presented in printed form, and we are advised that the
Baltimore & Ohio is willing to take control of the terminal
facilities and traffic arrangements." One of the committee
said to a Times reporter that the proposed arrangement would
be a traffic agreement merely, and would not in any sense
involve the Baltimore & Ohio in the guarantee of the control
of New’ Jersey securities, but would be confined to the use of
its tracks and terminal facilities.
The arrangement would be
Net earnings
|! I
on
compelled to deliver the proxy, or as an alternative
if the Court for any reason should hold
illegal, that Mr. Jewett be enjoined from voting upon
Jewett be
stock and that the contracts be
released from its guarantee, and
Gross
follows:
Earnings.—,
1884-85.
1883*81.
/
Xet Earnings.
188i-Sr>.
I *“3-84.
unlawful. The Court also decided that Mr. Jewett
having no interest or duty in the matter
other than faithful performance of his trust.
It enjoined Mr.
Jewett from giving a proxy to the Erie Company or from vot¬
ing upon the stock himself or by proxy. The Court delivered a
long opinion from which it would appear that if this is con¬
firmed, the entire transaction will be set aside as illegal and
void and the Erie Company released from its guarantee and
restored to its owners.
the stock
England.—The gross and net earnings
and 1884-85 by months
as follows:
-Netare
Earnings■Gross Eurnings-
New York & New
for the fiscal years 1383-84
October
November
December
January
$396,992
.
February...
March
$105,963
68,303
51,019
49,792
310,092
215.421
251,4-0
239,0 49
2 >0,420
226,097
263.934
243,046
252,603
Total 7 in oh.
$1,783,015
$1,922,018
New York
of the Stock
Stock Exchange.—The
Exchange have listed the
crasre
6 per cent
$4.000,0«'0.
72,237
01.333
$519,450
$202,998
Governing Committee
following;
additional
Railroad Company, $1,000.000 second raortthe total amount of this issue on the list
bonds, mailing
$2,0^0,000 10-10 adjust¬
Chesapeake & Ohio Railway Company, $607,350 of second preferred
stock to cover tlie coupons due July 1, 1834, and Jan. 1, 1335, on the
Louisville &
bonds.
Nashville Railroad Company,
ment
6 per cent
St. Paul
currency
bonds of 1918.
Minneapolis & Manitoba
consolidated 6 per cent bonds,
$1.3,041,000.
New York
.
16,929
40,248
52,015
9.8,036
259,472
275.507
securities :
Me'trop' litan E evateil
42,183
Def. 115,180
73.495
262.103
April.
18S3-4.
$105,422
1881-5.
1883-1.
$365,877
1884-5.
West Shore &
Railway Company, $1,06.8,000 first
making the total amount listed
Buffalo.—The committee consist¬
William Dowd, Robert
Orr have issued
the interests
bondholders
to be pro¬
appear
The objections urged in the
ing of Messrs. Abram S. Hewitt,
Harris, George B. McClellan and Alexander E.
their modified plan of reorganization, by which
*
was
naked trustee,
was a
July 1 to Dec. 31
$2,308,985 $855.0 9 $1,072,063
January*
317,988
172,925t
77,987
February
320,392
111,878
114,795
March..“...2
331,109
84,881
148,231
Apiil
276.693
201,519
43,^21
9 <,172
Total 10 1003
$3.329,661 $3^69 JJ93 $1,268,514 $1,511,138
Not including The tirst six (lays in 1885, during which time the road
not operated by receiver.
1 Receiver incurred only such expenses as were absolutely necessary.
Hastings A Grand Island.—A decree was entered in the
United States Court at Omaha, May 22, for the sale under
foreclosure of the Hastings & Grand Island Railway. The
defense and answer to the suit had been withdrawn under
an agreement by the parties in interest, to effect a reorgani¬
zation under which the Hastings & Grand Island should be¬
came a part of the St. Jo. & Western Railway, extending
from St. Joseph, Mo., to Grand Island, Neb.
Houston & Texas Central.—An order has been issued in
the New York Circuit Court authorizing the receivers to issue
certificates in the amount of $147,858, for the purpose of
paying traffic balances, February pay-rolls and the amount
$2,129,313
287,326
311.891
324,400
illegal
power was
are
1 have been as
resisted by
Cincinnati.
Upon a full healing the court declared the contracts
and wholly void for two reasons, viz: (1.) That the Erie Com¬
pany could not lawfully own a majority of the stock of a corpo¬
ration in Ohio under such contracts; and (2) that the arrange¬
ment by which the owners of the stock had sold their voting
man.
/
the stock restored to its true
the Erie Company was
counsel at
and would- almost cer¬
reorganization adopted
in London is substantially that prepared by the committee of
which Mr. George Coppell, 24 Exchange Place, is the Chair¬
Mr. Robert Fleming, representing the Scotch bond¬
holders of Denver & Rio Grande, is now’in New York City,
and says:
\Ye were very desirous before publishing any
scheme of reorganization to first obtain for it the endorsement
and support of the majority of the bondholders. This has
been secured, the English, Scotch, Dutch and New York
committees having agreed upon a scheme which has already
the written assent of almost one half of the consolidated
bondholders, and that before wre have asked for a deposit of
bonds. 1 think the public will like our plan, Tor it is sound
and simple and in the interest of the consolidated bondholders.
In Philadelphia, where very few’ securities except car t» lists
held, a cut and dried scheme has been issued, without
consulting European interests, which probably hold a majority
of the w’hole issue.”
East Tennessee Virginia & Georgia.—The gross and net
earnings since J Lily’
This prayer of
owners.
good thing for the Jersey Central,
tainly be entered upon.
Denver & Rio Grande.—The plan of
l
the contracts
the
canceled, the Erie Company
prayer,
a
j
[Vol. XL.
CHRONICLE.
of the
present first mortgage
tected in every possible way.
hold good against the plan as
N. Y. Times do not appear to
control of the new company is
modified, as the complete
bondholders, and the
given to the present mortgage
property is not to be purchased by
now
terminal-
the committee except on
and just.
amount of new first mortgage
bearing not over 5 per cent in
acquired ; and to $15,000,000 in
is imposed to purchase the
terminal property and the committee say they will notarrange
for its purchase, except upon terms which they believe will be
such terms as they consider fair
In the plan as modified the
bonds is reduced to $20,000,000,
case the terminal property is
case it is not acquired. No obligation
advantageous to the new
In view of the possible
company.
necessity for additional means after
organized, provision has b ?en made for
$5,00),000, of first mortgage bonds, but
after the reorganized company
the new company is
the further issue of
such issue can only be made
has been in operation for one
year,
and provided further that
sinking fund and interest on the loan from two-thirds of the second mortgage bondholders and
Ihe certificates or debentures authorized stockholders assent to such issue. These may not be
foy the order are to bear 7 per cent interest, to be due
but it has been deemed advisable to strengthen the future
months after date, and are to be sold at not lose than par.
tion of the company with this power, which may be
—Bondholders of the Houston & Texas Central .Railroad
to its permanent success.
have received notice that Mr. C. P. Huntington withdraws C2?e
Jn order to ensure the control of the property to
preferred
required,
in nine
posi¬
essential
those wh°
proposition made in March, offering to fund the coupons of have acwmlly invested their money in the enterprise, the new
Houston & Texas Central bonds into 3 per cent debentures
second mortg&*“ ^onds are vested with voting power, and the
and to scale the interest on the firsts to 6 per cent, on the
issue of
stock in t>«.change for the old stock is limited to
seconds to 4 per cent, and on the thirds to 3 per cent. This
share
for
two, thus reducing theiOtRl amount of old stock
scheme
considered altogether adverse to the interests of
$20,000,000,
against $55,000,000 of the first preferred stock
first mortgage bondholders, wiio were actually asked to fund
and mortgage bonds having voting power. In lieu of the
coupons than any other class of bondholders.
It is to
due the State for
the school fund.
new
w’as
more
hoped that the parties controlling Houston
Texas
Central will give bondholders their rights, and either pay
If the
them interest or let them have possession of the road.
bondholders cannot make Houston & Texas Central "earn its
interest, they will be satisfied to go without their money.
Now I ork Lake Eric & Western.—In regard to the Cincinnati
Hamilton A Payton litigation, it is stated that upon Mr. Jewett's
be
one
to
preferied stock provided for in the original plan, in¬
voting power), bearing 6 per cent
interest if earned, have been substituted, which are converti¬
ble into common stock after the expiration of three years
from the organization of the new company.
Norfolk & Western.—The gross and net earnings for April
and for four months from January 1, were as follows:
second
come
certificates (without
THE CHRONICLE.
May 30, 1885,]
^
1895.
Gross
-4 mos.,Jan. 1 to
1885.
| ®84
1834.
132,922
$852,135
521,674
$860,197
137,160
$69,322
$7S,599
$330,760
$326,195
$206,4*3 $211,592
earniugs
Expenses
Apr.30534,002
422 in net, compared with April, 1S84.
For live months
from Dec. 1 there was a decrease in gross earnings of
$1,394,681 and a decrease in net of $394,859,
compared with 1883-84*
Gross
1884-85.
.
Net earning
Northern Central.—The earnings and expenses for April
and from January 1, in 1884 and 1885, have been:
April.
,
1885.
Gross earnmtrs
1885.
1881.
$450,010
$154,749
$1,726,635
259,241
275.992
1.002,910
$1,725,‘72
l,lu8,414
...
.
$190,768
Net earniugs
Ayr 30.—.
1881.
-
Operating expenses
/—Jan. 1 lo
,
$178,756
$723,724
$*517.3.57
Northern Pacific.—Tlie gross and net earnings for ten
months of the fiscal years 1884-5 and 1883-4 are as below; in net
earnings as shown, rentals and taxes have not been deducted :
/
Grots Earnin<is.
18-4-5.
1883-4.
July 1 to Dec. 3L.$6,627,719
yet
—
,
Earnings.
1831-0.
1883-4,
$ :,617,939
$3,359,569
$2,920,0 15
113,008
168,00;)
164,809
489,940
$4,509,920
January
February
March
553,582
569,964
691,612
614,102
52'*,085
97*.956
Apiil
877,665
1,111,515
237,138
399,58 3
Total 10 luos.$9,320,542
$10,172,647
$1,277,3o7
91,282
813,3 17
Ohio Central.—In the suit for foreclosure of the River
Division of this road, a consolidated decree of sale was ordered
by Judge Jackson of the U. S. District Court for West Vir¬
ginia.
The sale to take place about Sept. 20.
Pacific Mail Steamship Co.—The old board of directors
was re-elected as follows : Jay Gould, Russell Sage, Sidney
Dillon, C. P. Huntington, Henry Hart, Edward Lauterbach,
J. B. Houston, William Remsen and John W. Shaw. The
new agreement between the overland railroads and the Pacific
Mail Steamship Company dilfers from the previous contract
in only one respect—the
from $95,000 to $85,000.
reduction of the monthly subsidy
It is made for six months, and after¬
ward thirty days’ notice is required to terminate it.
Pennsylvania Railroad.—The gross and net earnings in
April and for four months, are specially compiled for
the Chronicle in the tables below.
In April, 1885,
there was a decrease of $451,419 in gross earnings and a
decrease of $421,508 in net, and for the four months a decrease
of $1,466,417 in gross and $1,134,602 in net compared with 1884.
On the lines west of Pittsburg the net returns show a decrease
of $120,125 in April, 1885, compared with April, 1884, and a
decrease of
$74,875 for the four months in 1885.
LINES EAST OF PITTSBURG- AND
Gross
/
Earnings.--
ERIE.
-Net Earnings.
1835.
1884.
—,
1835.
1884.
$3,277,522
3,075,70 )
$3,574,233
3,426,733
$990,574
830.4-9
$1,166,136
1,124,579
March
3,635,374
4,002.627
April
3,704,890
4 156,3i 9
1,-161.109
1,272,943
1,401,551
1,69 5,456
$4,255,120
$5,389,722
January
February
Total 4
mos.... $13,693,486
$15,159,902
As to the lines west of Pittsburg and
Erie, the monthly
re¬
ports issued in 1884 and for the' current year show the results
The company’s returns, however, state a loss for the
below.
four months in. the present year, compared with the vear 1884,
of
$81,392.
LINES WEST OF
PITTSHURG & ERIE.
Net Surplus over all Liabilities.
1885.
January
February
March
April
Def.
Def.
D, f.
Def.
$73,120
190,790
56.010
70,413
—
Total 4 months
Def. $ .90,693
$15,343,721
$10,738,400
602,875
986,5 -3
1,410,951
$3,613,727
$1,00-,587
in which he said, regarding the State debt: “ The settle¬
the debt under the provisions of the funding act of
1883 is no longer questioned, but is steadily progressing to a
final and successful solution.
Since the adjournment of the
regular session of the Legislature the ' Supreme Court of the
United States has rendered an opinion in the Tennessee Rail¬
road bond cases adversely to the State.
This decision settles
indefinitely that the State is responsible for the payment of
these bonds, estimated to amount in the aggregate, together
with those which it is understood were to abide by the decision,
including principal and interest, to between $10,000,000 and
$15,000,000. Under the terms of the debt settlement act of
1883, those, like other bonds, are fundable on presentation.
On this large volume of bonds there are already three interest
installments or coupons past due, with the fourth due July 1,
1885, making $60 on each $1,000.*’ The Governor states that
the presentation of bonds and coupons by bondholders who
have withheld them in order to see how the Supreme Court,
would decide would quickly absorb the funds in the Treasury,
He therefore recommends that when bonds are hereafter pre¬
sented for funding, the interest past due thereon, as represented
by coupons of and from July 1, 1883, to July 1,1885, inclusive,
shall be incorporated in the face value of the new or settlement
bonds issued in lieu thereof, and that the coupons on the new
bonds, representing interest due on and from July 1, 1883, to
and including July 1, 1885, be canceled.
Texas <& St. Louis (in Texas).—The sale under foreclosure
of this company's property in Texas will take place on Aug. 4,
1885. The notice will be found in the advertising columns of
the Chronicle.
-
Union Canal.—AH holders of first mortgage bonds can
participate in the purchase of the property made May 19, 1885,
by depositing their bonds with Thomas Hart, Jr., No. 210
South Fourth Street, Philadelphia, and p iving their share.
Wabash St. Louis & Pacific.—The receivers of the Wabash
have filed a report of the operations of the leased lines for the
quarter ending February 28 and the entire period of the
receivership, the nine months ending Feb. 28, showing on the
following branches the excess of operating expenses over
earnings.
This excess of expenses over earnings includes
nothing of interest or rentals due from the Wabash as lessee,
and if those were included the deficit in each case would be
much larger.
‘J months*
Quarter's
lie licit.
deficit.
St. Joseph & St. Louis
$*>2,9 U
$f(;.7S7
St. Louis Ottumwa
Cellar Rapid*
19,140
6,1*4
40,729
52.343
Des Moines A- St. Louis
l)es Moines A Northwestern
EG River
—
—
D
c.
$74,875
W. Bartol and John B. Garrett; for the Whelan Committee,
Samuel R. Shipley and Henry F. West. Three more trustees
remain to be named—two by the Philadelphia & Reading
-managers and one by the foreign bondholders. These recon¬
empowered to fill any vacancies which
may occur in their board, and are also authorized to make any
changes in the details of the reorganization plan by a vote of 6
to 1. The managers of the railroad, however, shall always fill
any vacancy occurring in the representatives of the sharehold¬
ers.
The trustees are given until May 1, 1886, in which to
secure assent to the modified plan of reorganization, and if at
that time they deem that they have not sufficient to assure suc¬
cess they are to call a council of the managers, receiver’s and
the Bartol-Whelen Committees, and, by a vote of four of the
five interests concerned, foreclosure may be proceeded wdth.
Should the plan prove to be a success, the trustees are to have
general supervision of the affairs of the company in the inter¬
ests of the security holders.
—The Philadelphia North American says: “Satisfactory
arrangements have been made with Drexel & Co. regarding
the sum due by the Reading for the purchase of the interest
on the consolidated bonds last December, and the firm will
purchase the coupon and registered interest due June 1.”
—The result of the joint operations of the Philadelphia &
Reading Railroad and Coal & Iron Co. in the month of April
(including Central of New Jersey Railroad, leased), was a
decrease of $569,809 in gross earnings and a decrease of $424,-
517,843
613.112
ment of
Tnc
Dec.
120,125
667,466
sage
Dec.
Philadelphia
Reading.—Under the agreement reached
by the Bartol-Whelen committees for a modified plan of reor¬
ganization of the Philadelphia & Reading Railroad, the follow¬
ing trustees have been chosen: For the Bartol section, Henry
$779,447
Tennessee State Debt.—At Nashville, Term., May 25, the
Legislature met in extra session. Gov. Bate submitted a mes¬
150,051
108,883
Def. $315, S03
$871,457
542,555
60o, 075
3,523,943
Quincy Missouri A- Pacific.
49,682
$.<,403,099
3,174,819
April
33.136
.
—%
1333-84.
2,973,971
mos.
Receipts.
1884-85.
March
Total for 5
Net
,
1383-84.
2,959,121
3,102,609
4,093,752
Inc.
Port Jervis & Monticello.—The Port Jervis & Monticello
are
$3,390,385
2,691,155
2,764,267
January
February
$106,556
Railway, 24 miles long, has two receivers. The President of
the road, Frederic J. de Peyster of New York was appointed
receiver, and at New burg, Saturday, May 23, Judge Browne
appointed William II. Clark receiver.
struction trustees
December
Receipts.
8,57'J
2,4 55
19,859
10.049
10.749
29 251
Council Blurts A St. Louis
< 'larinia Ar St. Louis.
1884.
Def.
i »ef.
Def.
663
7.23
Cliampniiui Havana A Western
On
16 7 89
on
4
12,4 84
4.454
excess
Quarter's
On three lines there
for quarter, but excess
.
of
ex¬
9 months*
exuss.
St. Louis Council Bluffs & Omaha.
Brunswick A Chillicotlio
Centreville Moravia. & AUrin
Detroit Butler A St. Louis
2,24 3
26.574
11,04
following lines the earnings were in
but interest and rental remain unpaid :
*
42
634
12 . 824
2,.»9 3
28.018
*. 9
51,530
1.243
16,.V 3
6, >*3
7,7.^ >
2,609
the
090
50, 256
.
l'\530
5,4(54
Cairo Division
Attica Covington A .Southern.
Peoria Pekin A Jacksonville
Springtiehl A North w< stern
St. Louis Jersey ville Ac Springfield
Havana Rantoul A* Easte n
Missouri Iowa & Nebraska
penses,
t
c.n'-} s.
$12,-m2
$28,258
9,447
2 1,117
40
21,238
5 8,7 02
1,903
of expenses over earnings
earnings over expenses for nine
9 mom ha*
Quarter's
was excess
months, as follows :
of
(I c/icit.
Chicago Division.
Indianapolis Division
excess.
$124,356
$83,9." 1
19,476
74,793
i 52
97,304
Toledo Peoria & Western
Champaign & Southeastern the earnings for the
quarter exceeded the expenses $86, and the expenses exceeded
the earnings for the nine months $1,959.
—Judge Treat has granted an order transferring the Havana
On
the
Rantoul & Eastern Division of the Wabash road to the trustee
under a mortgage of Dec. 26, 1879, securing an issue of $300,000 bonds, on wliich interest has been defaulted.
xYlso a simi¬
lar order transferring the Toledo Peoria & Western Division of
the same road to trustees under a mortgage securing an issue
of $4,500,000 bonds, on wliich the interest has been defaulted.
The receivers of the Wabash can redeem the propeity on
payment of interest and the cost of litigation.
—Holders of bonds of the Omaha Division of the St. Louis
Kansas City & Northern Railroad met this week, and a com¬
mittee composed of J. H. Beach, Charles S. Smith, J. E.
Pulsford, J. H. Smith and D. Wriglit were appointed to
confer with the trustee of the mortgage;
examine the prop¬
erty. and report at a subsequent meeting what steps
be taken toward
a
proper
foreclosure.
should
[Vol. XL,
THE CHRONICLE.
654
r£\xc (£ online trial
COTTON.
jinxes.
Friday, P. M., May 29
COMMERCIAL EPITOME.
1885,
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (May 29), the total receipts
have reached 6,964
week, 9,413 bales the previous
weeks since; making the total
The weather for the week under review has been quite
the
1st
of
September,
1884,4,701,361 bales, against
receipts
since
warm and needed rains
have fallen in all sections, nearly
4,751,662 bales for the same'period of 1883-84, showing a
redeeming a season which had been so late as to cause some decrease since September 1, 1884, of 50,301 bales.
anxiety regarding the outturn of the crops. In Western
Fri.
Tkurs.
Total.
Wed.
Tucs.
Mon.
Texas, for an exception to the generally favorable aspect,
Sat.
Receipts at—
the rains have been so excessive as to cause floods, which have
1
42
296
35
214
4
done some damage. The season for active trade draws to a Galveston
20
26
Indianola, &c.
close, and business is quiet. There has been an important
579
319
76
2,056
497
297
288
New Orleans...
decline in the values of leading domestic food staples which,
10
13
296
208
Friday Night,
May 29, 1885.
bales, against 7,429 bales last
week and 8,633 bales three
....
•
....
by contrast, makes more conspicuous the further advance in
prices of sugar and coffee. The slight improvement in manu¬
factures which has been noticed this spring does not make
North and South have stopped,
progress: several cotton mills
and a serious strike is threatened among
the West.
the iron-workers at
half of the week,
touching extremely low prices. There was some recovery yes¬
terday, but to-day renewed weakness was apparent and the
close was at 6*G5c. for June, 6*72c. for July, 6*82c. for August,
6*94c. for September and 7*04c. for October. Spot lard has also
declined under free selling, closing to-day at 6*45c. for prime
city, 6-70c. for prime Western and. 6’90c. for refined for the
Continent. Pork has declined, and even at the reduction busi¬
ness was small, the close being quite nominal at $12 for fam¬
ily, $11 75 for mess, $10 for extra prime and $13 50@$14 for
clear.
Pickled cut meats have been irregular; hams and
shoulders were quiet, with the former still quoted at 9@93^c.
and the latter at 4%@5o., but bellies declined to 5^(35%c., and
at these prices were very active.
Smoked hams are quoted at
10V£@10%'c. and shoulders at 5^@Gc. India mess beef again
lower at $22(o)$24 pf»r tierce; extra mess quoted $11 50@$12
and packet $12 50@$13 per bbl.; beef hams, $18 50@$19 per
bbl.
Tallow has been dull at 5 11-16@5:>4C. Oleomargarine
is quoted at 6%@7c. and stearine at 7^gC. Butter has been fair¬
ly active, but is again lower; new creamery 14@20c., Western
factory 7@llc. Cheese has further declined, and is quoted at
334@7*4c. for new State factory. .The number of swine
slaughtered at eight Western towns March 1 to May 24 was
1,224,082, against 991,814 at the s ime towns for the corre¬
sponding period last season. The following is a comparative
summary of aggregate exports from October 27 to May 23:
Lard futures
declined sharply for the first
18=4-85.
3 1,(543,000
Pork
lbs.
Bacon
Lard
lbs. 205,720,202
lbs. 118,310,687
1883-84.
[23,741,000
210.185,370
118,453,414
Inc. 7,902,600
Inc. 55.513,886
Inc, 49,800,273
buoyant coffee market, and the quotation
Rio is again %c. higher at 8%c., while inspeculative options there is also an improvement. The close,
however, is rather quiet, with sellers at 7T5c. for June, 7*30c\
for August, 7 45c. for October and 7*55c. for .December.
Raw
There ha9 been a
for fair cargoes of
sugars have also been active and buoyant, but close quiet at
5 1-16@5 316c. for fair to good refining.
Refined sugars are
also dearer at G^c. for standard “A ” and
for crushed.
Molasses advanced to 20c. for Cuba Muscovado, 50-degrees test,
and there
were
large sales of Porto Rico at 26@28c.
sold firmly at auction, but have
tion ; for standard Japans, 21*?oC.
December.
Teas
remained quiet for specula¬
bid for July and 22\£c. for
Kentucky tobacco has been quiet but firmer; the sales for
6%@123^c.
the week are only 200 khds. for export at
We un¬
derstand that the French contract will be in on the 4th of June
and the Spanish contract on the 19th of June. Seed-leaf has
been very active, the sales of domestic for the week amount¬
Florida
1
....
Brunsw’k, &c.
10
159
....
....
....
Charleston
Royal, &c.
....
....
....
147
221
508
....
....
....
West Point,&c
New York
....
....
3
80
Boston
Baltimore
....
....
Philadelp’a, &c.
645
Totals this week
1,203
•••
.
875
....
....
....
....
3
1
76
....
....
44
....
103
....
.
.
.
•
•
150
150
....
14
1
510
133
1,631
....
194
194
52
29
272
....
44
....
200
200
13
321
1,023
1,153
1,918
6,961
.
600
•
338
1
....
1,215
•
3
....
....
44
....
361
c
134
20
4
4
2
Wilmington....
Moreh’d C.,&c
Norfolk
•
12
59
212
32
....
....
....
59
3L
....
•••
•
2
75
....
....
....
.
51
12
Savannah
.
«...
13
Mobile
Pt.
.
week’s
stock to-night,
For comparison, we give the following table showing the
total receipts, the total since Sept.l, 1884, and the
and the same items for the corresponding periods of last
r
Receipts to
May 29.
Galveston
Sep.
1, 1884.
26
2,056 1,503,232
290
228,529
New Orleans.
...
Srp.
1, 1883.
Week.
455,227
10,857
296
...
Since
This'
Since
Week.
Ind’nola,&o
Mobile
1884-85.
This
837
587,860
1
8,473
2,655 1,506,066
3,192
1,757
55
415,291
3,017
3,263
681
1,579
Pt. Royal, &c
150
7,390
Wilmington..
14
93,561
13
91,664
'M’headC.,&c
1
12,581
1,631
9,621
548,773
5
723
574,396
194
232,251
44
272
67,835
81,871
200
1,023
9,747
New York...
Boston
Baltimore
...
Pliiladera,&c
In order that
13,633
......
3,379
1,955
220,471
2
106,92S
312,600
176,920
6,310
40,007
700
49,261
1,805
29,549
55,005
7,553
8,196
318,063
7,160
5,158
9,608
8,123 4.751,662
449,403
469,125
comparison may be made with other years, we
give below the totals at leading ports
1884.
1885.
Receipts at—
2
GO 2
6,964 4,701,361
Total
107,684
7,303
42,873
649,957
8,059
510,632
W. Point,&c.
37,872
11,220
19
338
Norfolk
5,595
......
402
Charleston...
Br’sw’k,&c
4.856
251,928
364
Savannah....
1884.
1885.
160
77,642
719.872
59
Florida
year.
Stock.
1883-84.
1883.
for six seasons.
1881.
1882.
Mobile
296
160
842
811
2,437
8,062
1,036
Savannah....
Cbarl’st’n, &o
364
402
1,768
1,902
2,994
488
55
876
1,160
2,060
15
18
253
53
Galvest’n.&c.
322
833
3.628
New Orleans.
2,056
2,655
8,913
Wilm’gt’n, &c
Norfolk, &o..
1,434
2,318
.
1880.
2,086
3,370
1,842
1,444
511
864
95
6,420
8,085
723
4,540
6,884
1,825
ing to 2,030 cases, as follows : 600 cases 1884 crop, Pennsyl¬
6,241
8,769
7,262
3,702
3,278
1,598
vania Havana seed, p. t.; 250 cases 1883 crop, do. seed leaf, All others....
8@12>£c.; 100 cases 1882 crop, do. do., p. t.; 200 cases 1881 Tot. this w’k.
23,674
32,642
15,950
30,426
8,129
6,964
crop, do 6@ 10c.; 200 cases 1884 crop, New England Havana
seed, 21@23c.; 150 cases 1884 crop, N. E. seed leaf, 13j^c.; Since Sept. 1. 4701.361 4751,662 5824.186 4556,88915565,042 4763,116
Galveston includes Indianola; Charleston includes Port Royal, &c.;
180 cases 1883 crop, Wisconsin Havana seed, 20@30c.; 150
WiluiingtonincludesMoreheadCity, &c.; Norfolk includes West Point,&o.
cases 1883 crop, N. Y. State Havana seed, 15@20c., and 200
The exports for the week ending this evening reach a total
cases sundries, 5@28c.
Sales of Havana fillers foot up 450
bales at from 60c. to$l 10 and of Yara 175 bales I. and II. cut, of 17,610 bales, of which 9,772 were to Great Britain, 771
p. t.; also 150 bales Sumatra were taken in small lots at from to France and 7,067 to the rest of the Continent, while the
Btocks as made up this evening are now 449,468 bales.
1 20 fo $ 1 60.
Below
Crude petroleum certificates have been more active at pretty are the exports for the week and since September 1, 1884.
full prices until to-day, when there was a decline, and the
From Sept. 1,1884, to May 29,1885.
Week Ending Mag 29.
Exported to—
close was at 79^(®79^c.
Exported to—
Crude in barrels quoted at 6^@
Exports
ContiGreat
Conti- Total
7^c.; refined in barrels for export, 7%@7?^c. and incases
Great
Total.
France
France nent.
nent.
Week. Britain.
Brit'n.
8^@10i^c.; naphtha, 6%c.
Spirits turpentine has been
moderately active for speculation at 32%c. for summer and Galveston
230,402
64,145
8,609
157,848
early fall delivery, but closes somewhat unsettled. Rosins New Orleans..
2,838 672,011 282,403 325,011 1,279,425
2,335
are dearer at $1 1234@$1 15 for common to good strained;
700
43,830
43,130
Mnhilfl
8,585
3,585
$1 22%(«$1 90 for medium; and $2 45@$4J50 for fine to choice P|nr1(1a
179^903 11,699 199,256 390,853
Savannah
grades.
850
153,515 839,985
850
164,211 22,259
In metals there has been scarcely a feature worthy of note. Charleston *...
65.802
14,040
51,822
Wilmington...
Pig iron certificates have been very dull, closing at $15 75@
345,305
25,670
313,260
6,375
$16 1234 bid- Block tin also dullj but closes firm at 18%@ Norfolkt
771
3,275 12,050 428.622 38,726 151,461 618.809
8,004
1934c. on the spot and 18*85(3) 18’900. for future delivery. Tin New York
519
118,206
1,030 117.687
1,030
Boston
plates quiet and steady. Ingot copper has declined 10@15 Baltimore...
101,417
40,308
407
118,059
3,050
407
points, closing at ll*40@ll*55c. for, Lake, 10'60@10*80c. for Philadelp’a.&c
02,543
5,816
935
604
56,727
331
Baltimore and 1034@ 10*80 f°r Orford.
771
9.773
7,06T 17,610 2,306,665 373,121 980,441 3,600,227
Total
Ocean freights have continued very dull, but are steadier
884.105 3,592.990
865 17.442 2,247.0011461,824
99
at the close, with grain taken to Liverpool at 2}£d., and a
Total 1883-84 16,878
steamer chartered to Cork for orders at 3s.
Refined sugar is
Includes exports irom Port Royal, Ac.
t Includes exports from West Point, Ac.
reported freely shipped this week.
.
b
......
•
••
•
•
......
......
.
•
••••••
......
......
......
......
......
......
......
......
......
......
May 30,
CHRONICLE.
THE
1885.]
The Sales and Prices of Futures are shown by the follow¬
ing comprehensive table. In the statement will be found the
daily market, the prices of sales for each month each day, and
above exports, our telegrams to-night also give
In addition to
of cotton on shipboard, not cleared,
ports named. We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
& Lambert, 89 Broad Street.
the following amounts
us
at the
On
the closing bids, in addition to the dailv and total sales.
OD
Great
Britain.
Shipboard, not cleared—for
France.
Coast¬
wise.
Other
Foreign
(►n
E.
®
gS.
So
P a -
§
I*
CD
6,686
4,141
1,392
Mobile
Charleston
Savannah
Galveston
Norfolk
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
New York
Other ports
9,000
1,000
None.
None.
None.
None.
None.
None.
None.
16,686
4,141
New Orleans....
Total 1885.
13,732
32,754
Total 1884
Total 1883
330
None.
559
100
None.
12,549
75,323
None.
559
100
None.
11.220
2.488
1,200
1,200
500
11,400
1,500
2,679
301,260
21,242
4,292
2,189
27,308
422,160
1,893
2,444
1,407
19,476
6.641
6.279
7.327
53.001
®
®sr
•a
449,649
440,566
speculation in cotton for future delivery at this market
during the past week has been comparatively quiet with some
irregularity in values and an unsettled tone. For the first
half of the week the Liverpool market was closed for the Whit¬
suntide holidays; depriving us of its influence in affecting the
course of prices.
Still on Saturday there was some depres¬
sion and on Monday a sharp decline, due to the more warlike
aspect assumed by European politics and to the improved crop
prospects; but on Tuesday' there was a smart recovery, the
result apparently of manipulation with the view of affecting
the opening of the Liverpool market. But on Wednesday,
with disappointing accounts from Liverpool, there was a fresh
decline, followed in the later dealings by some recovery,
caused by the excessive rains in the Southwest, which
prompted a moderate demand to cover contracts. Yesterday
there was a variable and unsettled market, closing irregular,
with the next crop dearer and June lower. To-day the open¬
ing was lower, under weak accounts from Liverpool, but
afterwards improved, there being few sellers and some demand
arising to cover contracts. Cotton on the spot was dull, and
on Wednesday quotations were reduced 1-1 Gc.
The export
demand fell off and there was but little doing for home con¬
Yesterday there was a better general business
sumption.
reported for spinning, but to-day the market was quiet and
nearly nominal at 10 15-lGc. for middling uplands.
5
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UPLANDS.
Mag 29.
Sat.
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CLOSED.
Sat.. Nominal
Mon. Dull
Tues. Weak
Wed Easy at i,e dec..
Thura Quiet
Fri. Quiet
.
Total.
j)ort. sump uVVn
....
....
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i 40
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265
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a
FUTURES.
Deliv¬
eries.
Sales.
300
22,300
49,400
1,575
41,700
38,000
30,500
68
29,400
2,400
2,530 211,300
5,800
Tke daily deliveries given above are actually delivered
Previous to that on which they are reported. -
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Spec- Tran¬
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91*,6 913,6 913,0
I07lft 107,6 1 107,6
SALES OF SPOT AND TRANSIT.
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119,6 119,6 119,6 11916
1115,6 1llo16 1115,6 1115,6
129,« 129,« 129,6 129,6
87a
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Str.L’w Mid 1013ie 10l3lfl 1013le 11
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113a
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The total sales for forward delivery for the week are 211,300
bales. For immediate delivery the total sales foot up this week
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3
The
2,530 bales, including 230 for export, 2,280 for consumption,
for speculation and — in transit. Of the above,
bales
were to arrive.
The following are the official quotations for
each day of the past week.
L.
®
®
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3,092
4,856
None.
None.
2,400
tr®
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Stock.
Total.
®s
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a
ai
1211
ST
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Leaving
May 29, at—
655
■
3,100
tlie day
*
ber
II:
1
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i
Inelndee sales in September, 18S4, lor September,
1 9: ;
1
1:
;
Septem¬
October, lor October, 421,800; September-November, for November
582,200; September-December, for December. 907,800; 8enteraberJanuary, for January, 2,114,100; September-February, for February
1,959,200; September-March, for March, 2,294,100; Septcmber-ADril
for April, 1.7i>8,5oO.
*
13We have included in the above table, and shall continue each
week to give, the average price of futures each day for each month. It
will be found under each dav following the abbreviation “ Aver. ’
The
average for each month for the week is also cri ven at bottom ot table.
Transferable Orders—Saturday, 10-95e.; Monday, 10 90o.: Tuesday
11-OOo.; Wednesday. 10*90c.; Thursday. 10-90o.; Frldav, 10*850.
Short Notices for May—Monday, 10*92c.; for June.
Friday. 10 82c.
The
pd.
pd.
pd.
■04 pd.
•03 pd.
•05
*03
•05
following exchanges have been made during the week
to exch. 100
to exch. 100
to exch. 500
to exch. loo
to exch. 100
June for Aug. I 100 June for July even.
June for Aug. | -10 pd. to exeh. >00 June for Aug
July for Aug. | 09 pd. to exch. 100 June for Aug.
Juiy tor June. J -09 pd. to exch. 100 June lor Aug
July for June. !
*
'
CHRONICLE.
THE
656
week last year, and since September 1 the receipts at all the
towns are 234,161 bales less than for the same time in 1883-84.
Thursday evening. But to make the totals the complete
figures for to-night (May 29). we add the item of exports from
the United States, including in it the exports of Friday only.
Stock at London.
1884.
917,000
61,000
at
at
at
at
at
at
at
at
at
at
5,000
3,200
3,800
l.SOO
Bremen
50,000
51,700
28,500
Amsterdam
Rotterdam
Antwerp....
50,000
69,500
50,000
41,000
2,500
3,200
174,000
7,200
82,000
16,100
Hamburg...
500
800
1,000
180,000
4,000
66,000
8,000
242,000
5,000
54,000
10,000
.
Havre
Marseilles..
Barcelona...
Genoa
Total Continental stocks
1,800
5,480
224,520
9,000
378,300
445,500
301,300
Philadelphia.
Augusta
Memphis
113.000
449.468
American afloat for Europe...
.
.
51,949
3,200
United States interior stocks..
United States exports to-day..
.
Liverpool stock
London stock
Continental stocks
India afloat for Eurnne...
.
,
Egypt, Brazil, Ac., afloat.
05,000
469,125
56,050
1,000
365,00 J
493,567
100,558
6,000
277,000
30,000
113,300
208. OOO
4,000
61.000
135,500
623,000
167,000
176,000
413,045
81,605
9,000
138,300
333,000
35,000
24,000
“
29
have been
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15,657:
8,091
43,970
38,539;
44
29.
30 420
14.740 101.38
8,633;
s
7,4250125,ot 5
6,964 114,079!
8.129'
j
1883.
1
PlanVns.
1884.
| 1885.
28,813 24,534
19,03a 21,908
33,311 16,830
158,175
144,998'
21,249 14,5)34
5,713
129.9015 55,244° 14,78?
117.823, 40,095 19,166 12,640
10(5,983, 36,021 12,757 8,282
82,909 88.329 23,338 12,068
2 223
81.923! 34,134 14,083
75,822: 70 9451 29,905
3,281
769
564
70,52-5 64,285 30,233
4S6
64.1741 57.6071 19,540 1,780
151,132 103,733
170,155
87,835
74,024
147‘,942j BlW
9,413'133,872’
5,803
1985..
6,964 bales, the actual
movement from plantations was
^
rr
o
to?r
; ■ ci -1 c ® cc oc to [
1883-84.
1882-83.
1881-32.
.
Total in
Northern
5,559,671 5,577,406 6,797,242 5,237.679
sight Ma}* 29
spinners’ takings to
! 1,261.269
1,438.896 1,611,185 1,465,600
it will be seen by the above that the decrease in amount in sight
to-nisrht, as compared with last year, is 17,735 bales, tile decrease
from 1SK2-83 is 1,237,571 bales, and the increase over 1881-52 is
•321,002 bales.
S'
•<
•
give the receipts from
them the net overland movement to
May 29
? 53
CC I
table below
5,741,953 4,766,680 5,922,380 4,605,049
422,630
57,8,718! 546,726i 599,802
Southern consumpt’n to May 1
239,0001 261,000 27a,OOu 210,000
I
7-"- Ic^c.®©©
Cotton in Sight May 29.—In the
Tot. receipts from planta’tus
Net overlaud to May 1
8 5:
$.5.15
!2
fuc s ,,w
*
t—C to to
*
x<
<5
CCff-CC.
Cl
oc
-i r.
to
i~©fC'
to x ci;
;
to
CC
01 1
10%
Receipts at the ports to May 29 1,701,361 4,751,662 5,824,186 4,556,839
Interior stocks on May 29 in
1 8,194’
48,ICO
40,592
15,018
excess of September 1
,
no
tojo
tO
M
1883. j 1884
1884-85.
i-1
K) tO
-J< X CC cr. T. ►-* M to ©
M C. M tc © CO I-1 CO ©
►-
C M
© X --J ©
c Cl © C M
m
to
1
—
20,0531
& =:
*3
©
10%
10%
10%
10%
10%
^
; «
©
atcts
;
cr; i- -j
to
©
48,7011
15
to
•
ci m
•
i o<!
! c.'
10%
10%
10%
10%
10%®%
plantations in another form, and add
May 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
,x £ 2: v; »'
iSSP.
I 5
a
o|
11%
10%® %
10%
10%
1
1885. !
1884.'
50,575
Amount of
33
OB
;
22
we
O
X x X’v;
5: £ -J .
1034
105ft
11%
10*5|£
11%
11%
10%.^%
49,87(5 42,591 25)7,173 184,414
42,035. 32,895 279,910 100,809
52,884 28,810 200,971 141,236
37,091 28.111 257,152 125,394
72,935 30,113 21,80.8 239.401 110,068
0(5,527 30.274 23,723 213,029; 9.9.960
59,211 20/.23 19,122 189,900 90,794
ii
X
cl
©
1030
10 3*
101116
Ifi
19,540 bales.
-
5?
<-*-
11
'
44
were
©
/I
-
11
11%
486 bales, the balance .being taken from
the stocks at
the interior towns.
Last year the receipts from the plantations
for the same week were 1,780 bales and for 1883 they were
S3
a
11
11
11%
10%
4,741,953 bales;
<
gS.c-(s
P
a 4—
^
11%
10%
10%
10%
1C%
The above statement shows—1. That the total receipts from
che plantations since September U 1884, were
in 1883-84 were 4,766,680 bales: in 1882-83 were 5,922,380 bales.
2.—That, although the receipts at the outports the past week
<n
^
*"w
c
1
8
indicate a decrease in the cotton in sight
to-night of 107,748 bales as compared with the same date of
1884, a decrease of 008,708 bales as compared with the corres¬
ponding date of 1883 and a decrease of 250,453 bales as
compared with 1882.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1883-84—is set out in detail in the following statement:
ZH
11%
111,631
105,0(52 ‘
8(5,999
78,703
April 3
The above figures
C
11%
36,000
4W>,000 bales.
H
l“n
11%
10716
lu%
10%
| Receipts at the Ports. St'k at Intcr'ior Towns.'ltec'pts from
1883. i
8 30,500
into Continental ports this week
101%P
I
Week
.2,233,017 2,401,66 b 2,30 2,625 2,490.3 70
5 Sid.
65fcd.
63fcd.
51^1 d.
12* u,c.
10 ^ic.
11 SfcC.
lOl^isC.
New Yor‘
o
...
Mch 13
...
101116
105*®%
103s
10%
10%
105g
10®]6^
10%
iciij«
10®8 & %
Fri.
RECEIPTS FROM PLANTATIONS.
409,000
63,200
117,520
425,000
219,000
5 o,200
333,000
105s
854,500 1,050,720
1,620,617 1,5/1,175 1,918,125 1,439,6 50
Liverpool
£2gT The imports
253,000
249.000
604,300
Total East India, &o.
Total American
supply
730,000
1,679,617 1,571,175 1,949,125 1,439,650
Total American
East Indian. iiraziL, die.
Total visible
Price Mid. Uni.,
Price Mid. Upl.,
610.000
Louisville
10®n
ON—
Receipts from the Plantations.—The following table u
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one year
than another at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts
or Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
2,233,017 2,401,675 2,802,625 2,400,370
descriptions are as follows1
310,000
Cincinnati...
1091Q
103s
10%
10%
1014
11%
103s
103s
10%
....
Thurs.
10%
103s
10%
1034
10%
11%
10 *8 ft 34
Wednes.
10%
103s
10%
10%
10%
11
St. Louis
ricau and other
747.000
265,000
.
Norfolk
Boston
Baltimore....
.
i
1038
10^
10%
1014
101 lift
ll^
Wilmington..
,1.404,300 1,423,500 1,410,500 1,319,720
425,000
383,000
333,000
208,000
176,000
365,000
113,000
95,000
36,000
35,000
4,000
24,000
443,045
493,567
469,125
440,468
8 L,6o5
100,558
51,049
56,0 :»0
6,000
9,00U
1,000
3.200
American—
ioqs
..
.
Charleston.
India cotton afloat for Europe.
Amer’n cott’n afloat for Eur’pe>
Egypt, Brazil, Ac., a fit for E’r’pe)
Stock in United States ports ..
Stock in U. 8. interior towns..
United States exports to-day..
Liverpool stock
10® 18
10%
...
Savannah
Tues.
Mon.
Satur.
Galveston
Now Orleans.
Mobile
2.930
16,000
5,000
May 29.
2.350
139,000
QUOTATIONS FOR MIDDLING COTTON
CLOSING!
Week ending
1.360
23,000
4,000
9,900
Trieste
day of the past week.
973,000 1.0 .2,000
50.200
63,200
978,000 1,028,200 1,095,20 j
.1,026,000
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
1882.
1883.
1885.
Cotton at Other Markets.—
Quotations for Middling
to
906,000
30,000
The receipts at
than the same
bales less than at the same period last year.
the same towns have been 565 bales more
The Visible Supply of Cotton to-night, as made up by cable
'and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought dowr
.
[Vol. XL.
®
Telegraph.—Our reports received
evening indicate that, although the crop
Weather Reports by
from
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j Tins year’.- flgttn© c.-timated.
The afntve totals show that
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'decreased during the
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Central
and
Northern
87 and lowest 61.
the old interior stocks have
week 0,000 bales, and are to-night 4,101
the rainfall has
Gulf States and
Texas. There are, however, no
complaints of serious damage as yet.
Ualveston Texas.—We have had light showers on two days
of the week, the rainfall reaching two hundredths of an inch.
The thermometer lias averaged 78, ranging from 69 to 86.
Indianola, Texas.—It has been showery on three days of
the week, the rainfall reaching fifty-eight hundredths of an
inch. The crop is developing promisingly. The thermometer
has ranged from 70 to 89, averaging 7-8.
Palestine, Texas.—It has rained hard on four days of the
week, the rainfall reaching three inches and thirty-six
hundredths. We are having too much rain, and the wheat
harvest has been retarded.
Average thermometer 76, highest
in
.20
MO'MC-CCXtO
© M — © Cl © — X
>—•
M
is generally making satisfactory progress,
been excessive in sections of tne Atlantic and
sib
! &3
to
1° !
-1
?r
the South this
had hard rain on one day or
reaching one inch and fifty hundredths#
Huntsville, Texas.—We have
the week, the rainfall
Hay
THE
30, 1885.]
657
CHRONICLE.
Average ther¬
70.
Augusta, Georgia.—The weather has been warm and sultry
during the week, with heavy rain on four days. The rainfall
reached two inches and sixty-three hundredths. Crop accounts
are good; it is developing promisingly and a good stand lias
The thermometer has averaged 75, the highest
been secured.
being 91 and the lowest 65.
Atlanta, Georgia.—We have had rain on six days of theweek, the rainfall reaching eighty-eight hundredths of an
aging 77.
inch.
Too much wet weather. The thermometer has aver¬
Brenham, Texas.—Although we have had hard rain on
71*7,
aged
ranging from 65 to 84.
three days of the week, no serious damage has been done. The
Charleston, South Carolina.—We have had rain on two
rainfall reached four inches. Average thermometer 74, high¬
days of the week, the rainfall reaching ninety-five hundredths
est 88 and lowest 55.
of an inch
The thermometer has ranged from 70 to 88,.
Belton, Texas.—We have had rain on four days of the
averaging 78.
week, the rainfall reaching two inches and eighty-nine hun¬
Columbia, South Carolina.—Telegram not received.
dredths. We are having too much rain, but probably no
Stateburg, South Carolina.—The weather has been warm
serious damage has been done; yet the constant rains prevent and
sultry during the week, with heavy rain on one day and
the wheat harvest.
The thermometer has averaged 75, the showers on four days. The rainfall reached ninety-two hun¬
highest being 88, and the lowest 58.
dredths of an inch.
Weeds are growing so fast that they are
Weatherford, Texas.—It has rained hard on two days of becoming troublesome. The thermometer has averaged 74*9,
the week, the rainfall reaching three inches. We are having the
highest being 86 and the lowest 66.
too much rain, preventing whe::‘■-cutting.
The thermometer
Wilson, North Carolina.—It has rained on four days of the
has averaged 71, ranging from 52 to 84.
week, the rainfall reaching one inch and seventy-nine hun¬
Dallas, Texas.—We have had hard rain on four days of the dredths. We are having too much rain, and weeds are grow¬
week, and are having too much rain. Streams are overflowed
ing so fast that they are becoming troublesome. Washing
and some bottom crops hurt; but otherwise probably no serious
rain Wednesday night.
The thermometer has averaged 78,
damage has been done, yet small grains are suffering from
ranging
from
70
to
86.
the inability to harvest. High winds have also in some places
The following statement we have also received by telegraph,
done local damage.
The thermometer has ranged from 59 to
showing the height of the rivers at the points named at 3 o’clock
91, averaging 76, and the rainfall reached three inches and
May 28, 1885, and May 29, 1884.
eighty-four hundredths.
May 23, ’85 May 29. *84.
New Orleans, Louisiana.—It has rained on three days of
promising. The thermometer has averaged 77,
the highest being 90 and the lowest 58.
Luling, Texas.—It has rained hard on three days of the
week, the rainfall reaching four inches and fifty hundredths.
We are having too much rain, delaying work. The ther¬
mometer has averaged 77, ranging from 01 to 88.
Columbia, Texas.—There has been no rain during the week.
Crops are splendid but another overflow of the Brazos river is
threatened. The thermometer has ranged from 63 to 87, aver¬
Crops are very
the remainder of the week has
mometer
85 81
been pleasant.
79, highest 89, lowest
.
the week, the rainfall reach ng eighty-eight
inch. The thermometer has averaged 78.
hundredths of an
for the week one inch
Average thermometer 77, high¬
Shreveport, Louisiana.— Rainfall
and twenty-five hundredths.
est 92 and lowest 65.
Meridian, Mississippi.—Telegram not received.
Columbus, Mississippi.—It has rained heavily on
mark.
3
14
10
23
7
8
5
0
low-water-mark.
30
1
New Orleans
Above low-water
Memphis
Nashville
Shrevenort.
Above
Vicksburg
four
Inch.
Feet.
New Orleans
reported below high-water
Feet.
Inch.
1
18
7
7
4
28
43
o
9
0
mark of 1871 unti
days of the week, the rainfall reaching five inches and thirty- Sept. 9, 1874, when the zero of gauge was changed to highsix hundredths.
The thermometer has water mark of April 15 and 16, 1874, which is 6-10ths of a foot
Too much rain.
above 1871, or 16 feet above low-water mark at that point.
ranged from 62 to 91, averaging 78.
Leland, Mississippi.—Although the weather has been
India Cotton Movement from all Ports. — We have
quite favorable to crops during the week, we have had more re-arranged our India service so as to make our reports more
rain than necessary.
There has been rain on three days, with detailed and at the same time more accurate. We had found
a rainfall of one inch and ninety-nine hundredths.
Average it impossible to keep out of our figures, as cabled to us for the
thermometer 65 3, highest 88 and lowest 61.
ports other than Bombay, cargoes which proved only to
Little Rock, Arkansas.—The weather has been fair to clear
shipments from one India port to another. The plan now
on
three days of the week, and the remainder cloudy followed relieves us from the danger of this inaccuracy and
with rain on two days.
Tlie rainfall reached ninety-one hun¬ keeps the totals correct. We first give the Bombay statement,
dredths of an inch. Crop rep >rts so far quite favorable. The for the week and year, bringing the figures down to M iy 28.
thermometer has averaged 74, the highest being 87 and the
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
be
lowest 63.
Helena, Arkansas.—We
have had splendid showers on
cloudy.
three days and the remainder of the week has been
The ra nfall reached sixty-two hundredths of an inch.
thermometer has averaged 76, ranging from 65 to 88.
The
Memphis, Tennessee.—We have had light rain on four
days of the week, the rainfall reaching fifty-nine hundredths
of an inch.
Crop prospects are favorable. The thermometer
has ranged from 57*5 to 90, averaging 76.
Nashville, Tennessee.—It has rained on six days of the
week, the rainfall reaching two inches and forty-two hun¬
dredths. Of the receipts this week 435 bales are from Mem¬
phis and 126 bales from Montgomery. Average thermometer
73, highest 83, lowest 64.
Mobile, Alabama.—It has rained severely on one day and
has been showery on three days of the week, the rainfall
reaching forty-eight hundredths of an inch. Crop accounts
There has been too much rain in West
are less favorable.
Alabama and E ist Mississippi, and although no serious dam¬
feared
being 84 and the lowest 69.
Year
Great OontiBrit’n. nent.
1835
1334
1383
l«82
17,000
week, j Shipment* since Jan.
_
.
,
Great
Total. Britain
29,000 31,000
Conti¬
63,0001 139,000
23,000 37,000 60,000
6 10.000
1.
Total.
nent.
164,000 3 45,000
22,000:378,000 522,000
1,000 18,000
12,000 10.000
Receipts.
This
Week.
509,000 69,000
Since
Jan. 1.
806,ooa
900.000 73,000 1.289,000
995,000 69,000 1 344,000
656,000
437,000 1,067,000 S6.000 1,370,000
According to the foregoing, Bombay appears to show a
compared with last year in the week’s receipts of
4,000 bales, and a decrease in shipments of 4,000 bales, and
the shipments since January 1 shew a decrease of 391,000 bales.
The movement at Calcutta Madras and other India ports for
decrease
the last
the 1st of January, for two
“Other ports” cover Ceylon,
reported week and since
years, has been as follows.
Tuticorin. Kurrachee and Coconada.
overflow in the event of
age has been done, much is
by
The thermometer has
iis continuance.
est
Shipments this
averaged 76, the high¬
Shipments fnv the week.
Great
Britain.
Conti¬
nent.
Total.
Calcutta—
Shipments since January 1.
Great
Britain.
Continent.
53.400
900
11,500
Total.
64,900
900
1885
127,400
Alabama.—The weather has been warm and
40,900
86.500
sultry during the week, with rain on six days, and reaching Madras4,000
4,000
four inches and sixty-nine hundredths.
We are having too
17,600
4,600
13,000
1884
much rain.
The week’s receipts include 231 bales received
All others—
39,100
22,000
17,100
previously hut not counted. The thermometer has averaged
1,000
1,000
1885
4,000
17,500
13.500
600
600
74, ranging from 67 to 86.
Selma, Alabama.—We have had warm, sultry,wet weather,
with rain on every day of the week, the rainfall reaching two Total all108,000
33.500
74.500
1,900
900
1,000
49.500
162,500
600
113,000
inches and five hundredths.
We are having too much rain.
600
1884
The thermometer has ranged from 69 to 83, averaging 76.
The above totals for the week show that the movement from
Auburn, Alabama.—It has been showery on five days of
the week, the rainfall reaching one inch and ninety-seven the ports other than Bombay is 1.300 bales more than same
hundredths.
Crops are growing finely. Average thermom¬ week last year. For the whole of India, therefore, the total
shipments since January 1, 1885, and for the corresponding
eter 72*7, highest 82 and lowest 66.
Madison, Florida.—We have had delightful showers on penods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL INDIA.
three days of the week, and the indications are that they
1883.
1884.
1885.
extended over a wide surface. The rainfall reached one inch
and twenty five hundredths.
This
Since
The thermometer has averaged toShipments
Since
This
Since
This
alt Europe
week.
Jan. 1.
Jan.
1.
week.
77, the highest being 87 and the lowest 69.
Jan.
1.
week.
from—
Macon, Georgia.—It has been showery on four days of the
995,000
900.000 63,000
22,000
Montgomery,
week.
Bombay
18,000
509,000
10%o00
600
162,500
500
82,100
have had warm, sultry, wet All other ports. 1,900
weather during the week, rain having fallen on live days.
617,000 22,600 1,062,500 63,50011,077,100
19,9()v
Total
The rainfall reached three inches and forty-six hundredths.
This last statement affords a very interesting comparison of
The thermometer has ranged from 70 to S6, averaging 78.
total movement for the three years at all India ports.
the
Savannah, Georgia.—We have had rain on three days, and
Columbus, Georgia.—We
658
THE CHRONICLE.
Alexandria Receipts and Shipments.—Through
arrange¬
we have made with Messrs.
Davies, Benachi & Co., of
ments
Liverpool and Alexandria,
receive
we now
weekly cable of
a
the movements of cotton at Alexandria, Egypt. The
following
ire the receipts and
shipments for the past week and for the
corresponding week of the previous two
Alexandria, Egypt,
1884-85
May 27
Receipts
(can tars*)—
This week....
Since Sept. 1
years.
1883-31.
1882-83.
1,000
5,000
2,000
3,592,000
2,637,000
2,249,000
This
week.
Since
Sept. 1.
This
week.
Sin-cc
Sept. 1.
This
week.
Sinn
Sept. 1
Exports (bales)—
To Liverpool
To Continent
Total
*
i‘,ooo
290,000;
187.0U0
l, cool 483,000
Europe
1,000 246,000!
1,000 13J ,000 j
1,000
2,000 3 77,000'
2,000 313,000
1,000 229,000
84,000
This statement shows that the
receipts for the week ending
May 27 were 1,000 cantars and the shipments to all Europe
1,000 bales.
Manchester Market.—Our report received from Manchester
^o-night states that there is no market, to-day being a holiday.
We give the prices for to-day below, and leave previous weeks’
prices for comparison.
32s Cop.
Twist,
d.
8*4 lbs.
Shirtings.
d.
s.
Mch27 8^ if® 8*4
Apr. 3 3** kv*
“
10
“
17
“
24
5
5
5
83le@8%
83lfe®8^
Hay 1 8h6'3 83i
8 311
8 &s
“
13 3*1^ *858
22 3
®8»i«
“
“
“
29
1884.
Ho
5
5
5
5
5
5
d.
6
6
6
6
6
6
6
6
5
liday
d
10
10
10
10
10
10
10
10
®6
9
Oatl’u
Mid.
Upl 8
d.
s.
®6
®6
®6
®6
7S6
®6
®6
6
6
6
32s Cop.
Twist.
d.
d.
Gott'n
Mid.
8*4 lbs.
Shirtings.
h.
8^8 ® 9*4 5
8% ® 9*45
8l;qe * 9^16 h
5»b16 87s 39% 5
578
87s ® 9^8 5
5Ulfi 8:h ® 9*4 5
5‘5io 85a '31 9*si5
5i516 8^8 ® 9*s!5
515lft | 8* ® 9*4!5
515,* 8^ ® 9*415
d.
IfpitJs
7*2*7
9*2*7
10*2 *7
3*2
d.
6
4
6*8
4*2
11
6:iif?
5
6*4
5*2
0*2
3
3
6»,0
8*2*7
3
6°ie
8*2®7
3
C3g
a.
'®7
11*2*7
10*2 *7
8*2*7
8*2®7
d.
Our Cotton Acreage Report.—Our cotton acreage
6*8
63,0
6*4
report
will
probably be ready about the 10th of June. Parties desir¬
ing the circular in quantities, with their business card printed
thereon, should send in their orders as soon as possible, to
ensure early delivery.
New York Cotton Exchange—Fifteenth Annual Meet¬
ing.—The fifteenth annual meeting of the New York Cotton
Exchange wa3 held on Tuesday, May 20. Mr. S. Gruner called
meeting to order at 11:30 a. m. and the report of the Board
of Managers was read by the Secretary, Mr. Win. V.
King*
From it we extract the following :
the
“The most Important, event of the year, and it may also
justly be said
»f the history of the Exchange since its organization, as
denoting tho
gratifying growth and development ot the Exchange, is the completion
occupation of our new building.
*
*
*
Fiom tlie reports of tlie Building Committee it will be noticed that
when the finishing touches and minor details now in
progress will have
been completed, tlie total cost of the building, including ground, struc¬
ture, furniture, etc., etc., will finally 1)0 about one million of dollars,
and that this expenditure will have been covered as
per statement given
by the Building Committee from resources proper of tlie Exchange, plus
a mortgage loan of $350,OCO from the
Bowery Savings Bank. * * *
Turning our attention to the business of the Exchange, we find that
in spite of another small crop
following that of the previous season,
both price and range of fluctuations, as well as the volume of transact¬
ions, have been moderate,the general depression in all branches of trade
which has prevailed for the last three years
having discouraged all
speculation, a fact which becomes quite apparent on compai ing the fol¬
lowing figures of the transactions iu actual cottou and in contracts for
future delivery with those of the preceding two years
namely :
“Transactions in contracts for future delivery: 1885,
21,462,900
bales; 1881. 24,828,600 bales; 1883. 25,907,100 bales.
“Transactions in actual cotton: 1885, 533,663 bales; 1884,422,116
bales; 1883, 506,123 bales.
“Since the month of July, 1£84, print cloths have been
regularly
called, but without resulting in any transactions of importance. The
question as to whether business in this department can bo developed
will only be fairly tested on the revival of trade,
and speculation in the
and
“
“
material and other branches of trade.
“The most impoitant act of
legislation lias been the adoption of an
Amendment abolishing the penalties attached to the violation of the
commission law. * * *
raw
‘
Thirty-five memberships have changed ownership by transfer, and
nincleen new members have been admitted during the
year, the entire
number of memberships being now 453, against 455
the-previous year,
the d fferonce arising from two expulsions iu 1884. * * *
“
In view of the facts that seventeen offices remain still
vacant, that
about $8,000 to $10,000 will yet bo needed to
complete the payment of
expenditures
on
the
new
number, who have hitherto opposed it, have declared their
resolve to vote in its favor, so as to give a reasonable assur¬
ance that the measure can now be carried.
It has therefore
been decided to bring it a third time before the members on
Thursday next, the 4th of June, slightly altered to
building, and that the Executive Committee’s
estimate of re-venue and expenses of the new building for the
ensuing
year, taken in conjunction with the Treasurer’s estimate of receipts and
expenditures for the business department of the Exchange show a
probable slight deficit, the Board of Managers recommend that the
annual dues be continued at $75.”
meet
objections raised on the last occasion.
it is proposed to have in future only one call for
print
cloths, following the third cotton call, except on Saturdays,
when it will follow the second cotton call.
On Monday next, the first of June, the
general annual
election will lie held for a new board of
managers and other
officers.
The admittance of visitors to the
Exchange room has been
prolonged from three days after the card is issued, to ten
days.
Defective Cotton Ties and Light-Weight Bagging.—
The board of directors of the Mobile Cotton
Exchange on
May 21st unanimously adopted the following report
A. cantar is 93 lbs.
1885
[VOL. XL.
recommendations
and
:
Mr. G. L. Hopkins, President Mobile Cottou
Exchange:
Your Committee, to whom was referred the
question of insufiicient
covering of cotton in bales, beg to submit the following:
During the past season the use of defective ties and light weight
bagging lias inflicted material loss on the cotton trade, and prompt
provisions should be made to prevent a recurrence of the evil.
Prior to 1876, iron co'ton ties were sold
by the pound, each bundle
containing thirty ties, weighing not less than fifty-six pounds. Since
that date the ba«is of sale has been by the bundle, without reference to
weight, and, under the sharp competition which resulted, the profits of
manufacturers have largely depended on a reduction both iu
quality
and quantity of material used. The
imported tie now weighs a trille
less than fifty-one pounds, while
many American manufacturers have
reduced the weight to forty pouuds,
including a liberal coating of some
tarry preparation.
The same false idea of‘economy and eager
competition for a lowpriced artbde has led to tlie production, of a light sleazy bagging
weighing 1*2 to 1*4 pounds per yard.
The present cost of iron ties is about three cents
per pound, and of
two-pound jute bagging eleven cents per yard. Using six full-weight
ties and seven yaids of two-pound
bagging per bale requires eleven
pouuds ties at three cents and seven yards bagging at eleven cents, an
expenditure of $1 10 per bale, which when sold around cotton averages
ten “cents per pound, realizing $2 50, and
yielding $1 40 per bale profit;
hence there is every economical and prudential reason for the use of
material sufficiently strong to guarantee security.
Many of the ties
now in use are too short, made of inferior iron
and snap with ordinary
handling, when covering a bale weighing 500 pounds or more. When
combined with light flimsy bagging, the two not only fail to
protect the
baled cotton against dirt and trashy adhesions, but the
breaking of the
one and tearing of the other involve an absolute waste and
loss of
cotton, thus causing many consignments and shipments to reach
port
irrbad condition.
The evil is of such magnitude as to have aroused a
general demand
for a remedy, which will eertnnly lead to the
imposition of such pro¬
tective penalties on the sellers of insufficiently covered cotton as will
tend to indemnify buyers for resulting
losses—a fact to which we
earnestly invite the attention of planters, public ginners and interior
buyers.
In view of the difficulty of
reaching a satisfactory remedy by
indedependent action, your Committee recommend the adaption of the
following resolutions, viz.:
1st. That adequate protection to cotton demands the use of
firmly
woven bagging, weighing not less than 1% to 2
pounds per vard, and of
iron ties of good material, not less than 11 feet
long, 15-16 of an inch
wide and 1-18 to 1-16 of an inch thick, each bundle of
thirty ties to
weigh not less than fifty-six pouuds.
2d:
That, with the hope of concurrent action
on
the part of the Cotton
Exchanges and Southern Boards of Trade, this Exchange submit the
question of
an adequate remedy to the bi ennial session of the National
Cotton Exchange, which couvenes on the 20th of
July next, for
consideration and action.
3d. That such publication of the matter be made as will
place the
question before all parties in interest.
Wm II. Boss, AV. H. Gardner, L. C.
Dorgan, C. L. Huger, T. S. Fry,
Special Committee. Attest: R. II. Bolling, Sup’t.
Texas Crop.—Messrs.
Martin, Wise & Fitzhugh’s report,
Paris, May 20, covers the counties of Bowie, Red River,
Lamar, Delta, Fannin, Hopkins, Hunt, Titus, Cook, Grayson
and Collin, and a portion of the Indian
Territory, and says :
dated
“Since our last report (May 10) there has not been much
change in
the status of the growing crop. On the whole, the weather
during the
past ten days has not been such as we would wish, being much too wet
and cold for the favorable growth of cotton. As
yet the plant has
not been injured, but a continuance of such weather would cause serioue
harm. We are now engaged in gathering complete information
through¬
out our section, tbe result of which wo will be able to submit to
you in
our next report on 30tli instant.”
The
following is from a circular issued by Messrs. McKinnie,
Co., Waco, May 15 :
Williams &
“We find that planting commenced about the usual time for this
section, say the first of April, hut under more favorable circumstances.
The ground having been more
thoroughly prepared, and not having the
excessive rains of a year ago, secured almost
perfect stands, and the
first working has commenced under the most favorable
auspices, labor
being plentiful and efficient. From having traveled over a large scope
of the country, and the most reliable information
gathered from other
sources, we would estimate an increased acreage of 15 per cent. The
plant Js healthy and vigorous, and the planters are making rapid
progress in chopping to a stand. The present outlook is certainly very
flattering. Although we cannot predict .as to the future, yet we will
endeavor each month to give a true statement of the
friends to draw their own conclusions.”
facts, leaving
our
The Treasurer’s report showed receipts for the
year, includ¬
Correspondents of the Galveston Daily News report as
ing balance on hand May 22, 1884 ($19,627), of $235,500 24; follows:
disbursements, $235,196 89: balance in Treasury Mav 23,
Alvarado, Johnson Co.,May 21.—'“Cotton istifteen days late and not all
1885, $303 35.
~
planted yet. Too much rain aud cool weather have retarded its growth.
The
The Trustees of the Building Fund reported
is about 10 per cent increase over last year. The pros¬
receipts for the pect acreage
for a good crop, all around, was never better.”
ear, including balance on hand May 22, 1884 ($91,606 73), of
Bryan, Brazos Co., May 20. -“Another heavy rain fell here last night,
430,785 26 ; disbursements, $386,287 44 ; leaving balance in doing much damage to the crops. The excessive raius and storms
ar e
the hands of the Trustees, $44,497 82.
becoming a matter of serious anxiety to our farmers and merchants.”
Burned Burnet Co., May 22.—“Crop prospects are
The proposed new plan to appoint
very fine, if i t
inspectors of cotton, and would only stop rainingdong
enough so that the farmers might kill the
to issue certificates for the grades,
although approved at the weeds.”
last trial by a fair majority, yet failed to reach a two-thirds
Oentreville. Leon Co., May 21.—“We, in this locality, have been vis¬
ited with too much rain. dlie ground is so wet that cultivation is sus¬
majority. It has since been ascertained that the general feel- pended,
but our crops are improving rapidly.
Our people are very
I g respecting the same has undergone
a change. A sufficient industrious, and with a good half chance will produce fair crops.”
.
THE CHRONICLE.
May 30, 1885. J
Cove, Coryell Co., May 21.—“Tlie rains still continue.
and are as yet all right, if the rain will hold up
out.’'
Eddy, McLennan Go., May 19.—“Notwithstanding the disadvantages
under'which farmers have labored this spring, the prospects for a good
Copperas
Crops are looking well
until they are cleaned
and cotton crop were never better at this season than at present.
realize the necessity of a good crop and are working with un¬
usual euergy.”
Elkhart, Anderson Co., May 22.—“Crops are in good condition, in
fact, better prospects were never seen at this season of the year; several
fine rains Jell since Saturday last.”
Gilmer, Upshur Co., May 20.—“Therehas been a fine rain for the past
two days, and the prospects for a good crop of everything is immense.”
Hillsboro, Hill Co., May 22.—“This section was visited by heavy rains
Saturday and Sunday. The last accompanied by a strong wind and a
littleliail. Some damage was done by washing the recently plowed
lands and flooding lowlands, The benefit, however, has been great
to growing crops as most of our farmers have clean fields and rain was
beginning to be needed. The outlook for a heavy crop was never bet¬
ter, The acreage in cotton lias been largely increased from that of
last year. One more rain at tho proper season will insure a heavy
corn crop.
The small grain crop is also line.”
Hoioe, ttrayson Co., May 21 - ‘ The weather has at last cleared up,and
we now have some signs of a dry spell.
Crops look fine. The recent
wet weather has put the farmers at least a week behind with their corn
corn
Farmers
and cotton.”
Jlesquile. Dallas Co., May 22.—'“We have had
an
abundance of rain,
and crop prospects are much better than usual ”
Rice, Navarro Co., May 21.—“We have had plenty of rain, and crop
prospects are very flattering and the grass is line.”
Hound ltock, Williamson Co., May 22.—“Farmers report crops in an
exceedingly promising condition, and evince great joy iu consequence.”
San Antonio, Bexar Co., May 20.—“With the exception of uprooting a
number of trees, the storm last night did no damage. The rainfall
extended throughout this eection and w as the heaviest for years.”
Trinity, Trinity Co., May 21.-“The crop prospects over the entire
country are fine. Farmers are well up with their work, and with favor¬
able seasons expect
the largest yield for several years.”
Tyler, Smith Co., May 20.—“It is now asserted by farmers that this
section has had more than enough of rain.”
Wharton, Wharton Co., May 20.—“This section was visited last night
by a considerable wind and hail storm, but farmers report but little
damage to crops.”
Comparative Port Receipts and Daily Crop Movement.
—A comparison of the port movement by weeks is not accurate,
the weeks in different years do not end on the same day of
the month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
as
constantly have before him the data for seeing the exact relative
for
movement
the years named.
The movement since
September 1, 1884, and in previous years, has been as follows:
t5oy
This statement shows that the
receipts since Sept. 1 up to
to-night are now 48,377 bales less than they were to the same
day of the month in 1884 and 1,107,083 bales less than they were
to the same day of the month in 1883.
We add to the table
the percentages of total port receipts which had been received
to May 29 in each of the years named.
East India Cotton.—From Messrs. Wallace & Co.’s cotton
report, dated Bombay, April 24,
we have the following:
the position has not altered for the
written, but, on the contrary, if any¬
thing, for the worse. Assuming receipts from now till the 30th of June
are ou the same large scale as last
year, the supplies available would
admit of an export to Europe of something like 850,OUO bales. But, as
pointed out in our previous reports, the lateness of the present season
generally will prevent such a rapid marketing of supplies as took place
last year, even under the most favorable conditions of market, and it
now looks very much as if an export to Europe for the current half
year
“As regards prospects of supply,
better since our last report was
of
8 JO.OOD bales would not be reached.”
even
Jute
Butts, Bagging, &c.—There has been a fair inquiry
bagging since our last and the market is showing a firm
tone.
Sellers are not forcing any lots, as a higher price is
for
looked for.
There have been sties of 500 rolls of various
grades at 9c. for 1% lb., 9%c. for
lb., lOlqC. for 2 lb. and
lie. for standard grades, and these ligures are quoted at the
close.
There is not much inquiry for butts, and beyond a
few small sales we hear of no transactions.
There is a light
call for paper grades on a basis of ljg@2c., at which some
1,500 bales found takers, while bagging is held at 2)£@2V£c.,
with only a few jobbing lots reported placed.
Shipping News.—The exports
of cotton from the United
past week, as per latest mail returns, have reached
20,792 bales.
So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday
night of this week.
States the
Total bales.
New York—To Liverpool, per steamers
King, 2,095
Gallia, 316
Adriatic, CGI
British
City of Berlin, 2,265
England, 2,637
To Havre, per steamer Olinde Rodrigues* 771
To Bremen, per steamers Eider, 471
Habsburg,
S.004
771
558
—
Rhein, 100
Tear Beginning September 1.
Monthly
Receipts.
1884-85.
Bept’mb’r
345,443
Ootober.. 1,090,385
Novemb’r 1,122,164
December 1,101,211
January
February.
.
March...
April
....
475,757
261,449
163,503
103,375
1883-84.
1832-83.
1881-82
343,812
326,656
1,046,092
980,584
1,030,380 1,094,697
1,059,653 1,112,536
487,729
752,827
385,933
595,598
211,514
482,772
111,755
284,519
1880-81.
1879-80
429,777
458,476
853,195
963,318
974,043 1,006,501
996,807 1,020,802
333,643
833,492
942,272
956,461
487,727
291,992
257,099
147,595
647,140
447,918
264,913
158,025
571,701
572,728
476,582
284,246
receipts April 30..
97-01
93-53
94*02
91-23
92 74
the movement for the different years:
1884-85.
1883-84.
1882-83.
1881-82.
1880-81.
2,237
Total
The
form,
particulars of these shipments, arranged in
are as
“
2....
41
3....
1,247
S.
“
4....
990
“
5....
1,591
“
6....
658
41
7....
44
8
1,814
2,333
3,841
1,548
8.
3,334
2,992
1,257
1,995
4,481
1,443
5,531
7,363
10,953
7,43 4
8.
9....
10....
2.030
44
11....
44
12...
2,225
44
13....
1,907
1,035
1,279
8,237
9,368
8,156
6,449
10,931
4,076
1,711
8.
44
14....
878
693
“
44
...
8.
8.
7,905
44
15....
2,284
688
7,414
44
16....
1,369
1,934
44
17....
6,083
5,058
13,440
5,290
44
19....
U
OA
8.
1,230
1,799
989
948
21....
720
425
.
44
22....
44
23....
44
24....
44
25....
44
850
...
**\J
44
921
18....
•4
44
8.
2,150
1,203
S.
875
316
1,525
455
8.
26....
1,215
2,027
27....
600
2,481
1,153
1,918
679
44
28l.„.
44
29....
Total
563
8.
6,621
7,027
5,160
3,696
10,745
3,973
8.
4,861
5,850
6,013
3,235
3,916
9,482
3.759
8.
5,102
5,844
3,176
2,125
5,875
9,501
8.
3,837
4,913
3,402
2,061
4,055
3,727
8.
11,062
7,496
7,317
4,854
6,798
6,174
8.
4.366
10,882
8,079
5,541
7,036
11,438
5,214
8.
9,045
8,681
6,311
5,199
7,965
7,026
2,914
8.
2,522
1,663
1,447
3,708
9,557
10,770
5,583
6,644
8.
2,490
8.
4,642
4,633
4,696
4,017
4,282
.
5,068
6,592
5,482
8.
8.
7,180
2,430
4,197
3,573
2,890
3,150
8.
6,630
3,368
4,913
2,643
5,514
2,592
4,701,361 4,749,738 5,808,444 4,545,893 5,535,613 4,742,034
Percentage of total
port rec’pts May 29
Philadelp’a
1,358
..
771
96-49
96-31
94-24
94-82
usual
1,629
Tar-
Genoa, mouth.
hayen. Iona.
100
1,516
1,009
1,139
2,237
1,014
14,193
Total.
12,050
2,580
1,139
2,287
50
1,373
364
1,353
1,910
1,993
1,546
1,000
100
50
20,792
carrying
down to
the latest dates:
New Orleans—For Genoa—May 25—Bark Teocle, 2,338.
Boston—For Liverpool—May 20—Steamer Virgiuiau, 100
May
Steamer Scythia, 250
May 26-Steamer Iowa, 680.
Baltimore—For Liverpool—May 21—Steamer Mentmore, 407.
Philadelphia—For Liverpool—May 26—Steamer Indiana, 331.
For Antwerp—May 26 - Steamer Switzerland, 604.
22-
Below we give all news received to date of disasters to vessel s
carrying cotton from United States ports, &c.:
Cotton freights the past week have been as follows:
Satur.
Liverpool, steam d.
sail...d.
Do
Havre, steam....c.
Do
sail
,.c.
Bremen, steam..c.
Do
sail
c.
sail
c.
Amst’d’m, steam.c.
Do
sail,..c.
Reval, steam
Do
sail
Barcelona,steam, c.
Genoa, steam
c.
Trieste, steam...c.
Antwerp, steam..c.
*
Wednes.
Thun.
V
V
....
....
*4 <$°32*
*4 ®932*
....
....
....
mm
%
3<U
38*
3s*
38*
....
....
....
....
m
784
....
....
7S2*
732*
916*
14*
....
....
....
14®932* *4 5^32*
I4
964*
....
Fr%.
V
V
....
d. 732®14
c
Tues.
18*
Hamburg, steam.c.
Do
Mon.
....
....
764
764
....
....
732® X4* 732® 14‘
mm
....
m m
V
m
964*
964*
....
....
....
....
....
984*
....
7c4
764
....
....
732®14* 732®54* 7S2® *4*
....
....
....
....
32*
732*
916*
732*
732*
9lfl*
732*
732*
9l«*
732*
7^0*
916*
732*
V
V
V
V
.
...
7
732*
916*
Compressed.
Liverpool.—By cable from Liverpool, we have the following
sales, stocks, See., at that port. We
add previous weeks for comparison.
statement of the week’s
97-92
our
Below we add the clearances this week of vessels
cotton from United States ports, bringing our data
8.
5,910
1,999
AniBremen wtrp cC
rf- Ham- Copen- Baree-
pool. Havre, bury,
8,004
1,580
5.658
2,612
5,096
2,781
1,358
follows:
New York.
N. Orleans.
Galveston
Boston
Baltimore,.
Total
50
1,014
364
20,792
Liver-
1879-80.
Tot.Ap.30 4,666,289 4,706,873 5,630,189 4,438,235 5,359,356 4,638,867
8.
2,633
2,602
6,634
May 1....
5,284
3,391
1,139
1,980
This statement shows that up to
ports this year were 40,584 bales
April 30 the receipts at the
less than in 1883-84 and
963,900 bales less than at the same time in 1882-83. By adding
to the above totals to April 30 the daily receipts since
that time, we shall be able to reach an exact comparison of
100
1,580
1,000
To Yarmouth, N. S., per steamer Alpha, 50
Baltimore—To Liverpool, per steamer Caspian, 1,014
To Bremen, per steamer Salier, 361
Philadelphia—To Liverpool, per steamers British Princess,
815
Lord Clive, 513
Total year 4.666,289 4,706,873 5,630,189 4,438,235 5,359,356 4,638,867
Perc’tage of tot. port
1,129
500
1,239
307
To Hamburg, per steamers Frisia, 400
Gellcrt, 100
To Antwerp, per steamers De Ruyter, 785
Waesland, 454
To Copenhagen, per steamer Islaud, 307
To Genoa, per steamer Iudipendente, 100
New Orleans—To Liverpool, per steamer Peconic, 1,580
To Barcelona, per bark Espana, 1,000
Galveston—To Havre, per brig Amazone, 1,139...
Boston—To Liverpool, per steamers Samaria, 257
Missouri,
CHRONICLE.
THE
660
May 8.
bales.
Bales of the week
Of whh-h exporters took
55,000
3,000
2,000
44,000
5,000
speculators took..
Of which
May 15.
Bales American
Actual export
Forwarded
Total 8took—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American
May 22.
36,000
4,00<
1,000
18,000
23,000
10,01)0
26,000
13,000
8,000
13.000
10,000
994,000
760,000
39,000
13,000
144,000
72,000
978,000
8,000
959,000
740,000
32,000
5,000
8,000
996,000
747,000
66,000
751,000
33,00 >
23,000
134,000
2,000
27,000
145,000
133,000
58.00f
53,000
70,000
25,000
The tone of the Liverpool market for spots and futures each
day of the week ending May 29, and the daily closing prices
of spot cotton, have been as follows:
Tuesday.
Saturday Monday.
Spot.
1
(
Market,
12:30 p.m.
«
s
Mid. Upl’ds
Mid. Orl’ns.
;
Barely
Hard to
sell.
515,B
6 *
•
Sales
c3
rt
a
•pec.A exp.
*d
2
"S
o
o
C
Futures.
w
K
w
a
(
12:30p.m. (
Market,
-
6,000
•
Dull at
2-64 de¬
cline.
•
•
Friday.
In
buyers’
5i5ie
5l5l6
6
6
5.000
500
Dull at
1-61 de¬
Steady.
cline.
May delivery
544
544
544
June delivery
544
537q
July delivery
August delivery
September delivery
544
54
544
554
55
56
Steady.
opening, highest, lowest and closing prices of futures at
These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
and QUhs, thus:
pence
5 62
means
5 62-64<f., and 6 03 means 6 3-64d.
Saturday, Monday, Tuesday—May 23, 25 and 26—Holidays.
3
3 40® 4
4 15® 5
3 75-» 4
4 25® 5
4 85® 6
3 809 5
3 40®
Superfine
Spring wheat extras.
Minn, clear and stra’t.
Winter sliipp’g extras.
Winter XX & XXX..
Patents
City snipping ex
Open High Low.
Thurs., May 28.
j
Cloa.\
524
534
53 4
53%
544
South’n com. extras..
Southern bakers’and
75
15
25
25
75
00
10
524
524
534
54
$1009
4 8>
5 75
4 25® 4 Gl>
3 20® 3 60
family brands
Rve flour, superfine..
Fine...
Corn mea:—
3 15®
Western, &o
Brandywine,
3 409
Rye—Western
8pring,oer bush.
Spring No. 2
Red winter, No. 2
87
91
®1 02
®
94
1 00
#101
-
Frt., May 29.
Open High Low. Clot.
Open High Low. Clot.
d.
d.
d.
d.
d.
d.
d.
5 57
5 59
5 57
5 59
5 57
5 57
5 50
5 57
5 57
5 57
5 57
5 57
5 57
5 56
5 50
5 57
5 57
5 57
5 57
5 57
5 57
5 56
5 50
5 62
5 62
5 02
5 02
5 62
5 02
5 61
5 61
6 01
6 01
0 01
6 01
6 01
0 01
0 01
601
State—
Oats—Mixed
White
No. 2 mixed
No. 2 white
Bariev Malt—
Canada
®1 10
®106
®
54
52% * 53^2
65
59
®
53 ® 56
65
72
9
60
9
62
90
92
51
Red winter
White
Com—West, mixed
West. mix. No. 2.
West, white
West. Yellow
White Southern..
Yellow Southern.
-
Wednes., May 27.
Fr>\
544
53
53
534
534
544
FLOUR.
$ bbl. $2 70® 3 70
Fine
Wheat—
Liverpool for each day of the week are given below.
given in
Thurs.
53 4
534
Rye has been dull and nearly nominal. Barley malt at
decliae has been much more active, but closed quiet.
Oats declined sharply in the first half of the week under re¬
view, but latterly have been more steady, with the speculative
interest extending to August, the first month of the new
crop, which it will be noted is decidedly lower than July.
To-day the close was easier at 37c. for June, Z7}qC. for July
and 34c. for August.
The following are the closing quotations :
Quiet.
The
The pruts are
Wed.
534
534
53
534
54
544
3 35
3 45
GRAIN.
Barely
steady.
\
Tues.
some
•
•
Mon.
Sat.
55
In elevator
favor.
5,000
1,000
500
.
•
\
4 P. M.
Thursday.
supported
>
Market,
Wednes.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
May 29.
34,000
3,000
1,000
[VOL. XL,
State
76
79
36
9
®
9
40
9
37*2 *
4212 *
33%
43%
80
92
74
75
9
®
®
62
60
Western
73
81
40
46
The movement of breadstuffs to
.market is indicated in the>
below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the compara¬
tive movement for the week ending May 23 and since Aug. 1
statements
d.
<i.
d.
d.
May
5 57
5 57
5 57
5 57
May-June..
June-July..
July-Aug...
Aug.-Sept...
September..
Sept.-Oct..
5 57
5 57
5 57
5 57
5 58
5 58
5 57
5 57
;
5 62
5 62
5 62
5 62
6 02
6 02
6 01
6 01
j
5 63
5 63
5 62
5 62
5 62
5 02
5 02
5 62
5 02
5 62
5 01
5 01
99,864
230,0:5
668,902
937,433
92.842
47,742’
5 53
553
5 53
553
5 52
Chicago
Oct.-Not-.
5 52
5 52
5 52
5 52
5 52
5 52
5 52
Milwaukee..
33.695
172,427
2,400
35,600
23.481
3.400
Nov.-Dee... 5 50
5 50
Dec.-Jan
5 50
5 50
5 50
5 50
550
550
5 50
5 50
5 50
5 49
5 49
Toledo
S0;O01
1 IS,070
3,800
1.000
5 50
5 50
5 50
550
5 50
550
550
5 50
5 50
5 49
5 49
Detroit
29,957
8,523
32,330
2,090
2.673
..
3,947
1,685
3,077
8.000
4,081
3.5:0
....
22.063
257,200
257.065
91,070
6.000
K185
2,925
11,100
130,960
2*39,750
12,000
8,5)0
1,212,273
1.401,326
1.059,479
1,549,260
1,088,589
145,524
133.702
135,079
01.3S4
1.014,915
8.641,014 92.497,895 82,509,542
7,699,623 63,124.197 93,260.001
8,009 594 68,360,928 77.235.931
59.308.030
10.2*33.750
53.744,295
10,052.853
43,174,740
14,988,448
.
....
....
...
Jan.-Feb—
Feb.. March.
....
...
...
....
....
...
j
j
j
....
....
d.
5 56
for each of the last three years:
.
Wheat.
Flour.
Receipts at—
....
....
....
....
....
....
....
....
....
....
....
....
....
....
....
...
....
Bblt.imht
....
....
....
....
...
Cleveland.
St. Louis
ll
Duluth
BREADSTUFFS.
Friday, P. M
.
May 29, 1885.
local trade in flour and meal during
the past week, and although supplies are quite moderate
prices have given way, in sympathy with decline in the grain
markets.
It is difficult to point out a single feature in con¬
nection with the trade.
It may be observed, however, that
towards the close the inquiry improved a little, and prices
showed rather less depression.
The wheat market has been greatly depressed.
The reports
from the foreign market have been very unsatisfactory; the
prospects of the crop have improved somewhat (although
there is
no
only
a
doubt that winter wheat has suffered much from
winter-killing), and the movement is so large as to indicate
is still a large reserve in the hands of growers.
The downward tendency in values continued with hardly a
check until the close of Wednesday’s business.
Yesterday a
demand sprung up to cover contracts, and with a little man¬
ipulation an advance followed, with the close at a slight
To-day, however, there was renewed depression,
recovery.
with no factitious influences at work, and the close was at
about the lowest figures of the week.
that there
DAILY CLOSING PRICES OP NO.
Sat.
May delivery
June delivery
July delivery
August delivery
September delivery
October
101
102^
1«>4%
105%
10-4
loS5*
2 BED WINTER WHEAT.
Mon.
Tues.
1023*
102^
101
101023*
1014
1057e
1074
105%
delivery
Indian corn has sympathized
Wed.
101 ^
99%
101
102%
104
1054
Thurs.
Fri.
101%
99%
1013a
103
lOl^
1054
100%
98^
1003a
102
1034
1044
largely with wheat, although
position is apparently much stronger. There has been a
steady export demand, the visible supply is comparatively
its
small, and the season has been late and unfavorable for the
next crop.
White com is very scarce, and brings extreme
prices ; while the range between mixed and yellow is much
wider than usual. The free arrivals by canal have contributed
to the weakne-s of June
options. To-day the market was
generally depressed.
Rye.
Barley.
|
....
Peoria.
There has been
Oats.
Oom.
Bxuh.5dlbs Buth.32 lb* Both.dSlb* Buth.W lb*
55T
39,050
Tot. wk. ’85
167.250
Same wk. ’84
152 139
Same wk. ’83
144,121
Since
i .Q
785,569
618,702
599,207
'
47, ISO
.
136,929
July 28
1884-5
.....
1883-4......
1882-8
4,393,715
6,431,643
4,153,511
The comparative shipments of flour and grain from the same
ports from Dec. 22, 1884, to May 23, 1885, inclusive,Tor four
years, show as follows:
1884-5.
bbls.
Flour
bush
Wheat
Corn....
13,596,8 68
41,378.534
.........
Oats
18.192,252
Below
....
are
4,178,910
10,253.502
11,465,07L
35.352.8 H
13,230. i 01
49.56 > 8 13
17.239,3 47
2,574,616
1.980,152-
54,323.911
2.383,702
4.410.317
1,318.313
76.562,392
74,791,752
75,014,126
the rail
May 23.
1,161,59 L'
1883.
Week
May 24.
May 26.
8D,677
1882.
Week
May 27.
48,715
227,636
154.897
bush. 1,322,833
1,275.215
1,153,361
560,105
177,851
28 0 020
914.393
370.850
273,763
1,078,462
791.837
67,810
47,150
58,125
68,083
37,571
44,882
633.883
47.407
3,866.369
2,679,168
1,422,991
bblfl.
Flour..
Barley
Rye
Total........
8,805,595
30,379,132
12.003,471
1884.
Week
1885.
Week
-
:
shipments from Western lake and river
ports for four years:
Wheat..
Corn...,
Oats....
1881-2.
2,946,0,7
2,512.381
87.2,857
Barley
Rye
Total grain
1882-3.
3,706,926
1883-1.
5,342,624
.........
38,573
1,281,646
The exports from the several seaboard ports for the week
ending May 23, 1885, are shown in the annexed statement:
Exports
from —
Wheat.
Oom.
Flour.
Oats.
Rye.
Peas.
Bush.
Bush.
Bush.
Bush.
Bush.
BUs.
New York
Boston.
Portland.
Montreal.
Pliiladel..
Balfim’re
N. Orl’ns.
N. News.
332.360
508,210
81,041
78,7 48
27,482
22,751
156
10,280
20,071
85,671
Total w’k.
S’me time
1884.
662,108
..
..
•
,
59,970
114,882
71,000
103,980
552,868:
115,744
121.163
56,013
73,085
1,404
89,390
37,655
••••••
584
13
955,259j
176,089
501,798! 134,151
113,322
m
.....J
'
m
m
m
m rn
90,794
.1
24,118
193,538
162,22
t'f
THE
I8f>5.]
Mat 30,
correspond'ng period of last year for
to-
1884.
1885.
Week,
Week,
May 24.
May 23
Bbls
Cn.King.
Con tin’n t
120,653
4,557
16.253
comparison:
Corn.
Wheat.
Flour.
Exports
for week
We add the
is as below.
The destination of these exports
1885.
Week,
1881.
May 23.
May 24.
Week,
Bbls.
Bush.
94,349
3,067
8,379
432,279
249,918
Bush.
269.239
1884
Week.
1885.
Week,
May 2 4
May 23.
Bush.
Bush.
682.939
210,773
38,270
312,718
116,30 4
63.303
13.698
22,260
7,6 iO
51
966
1,019
955,259
501,798
S.&C.Am
W. Indies
Brit, col’s
Otli.c’n’ts
19,020
15,043
563
13,270
1,388
Total...
176,089
131,151
682,198
283,629
552,868
824
By adding this week’s movement to our previous totals w •>
following statement of exports this season and last
have the
season:
mills. Large sales of Atlantic A standard
sheetings were made at G?±c. and New York mills 10-4
bleached sheetings found ready buyers at 25c. per yard—
accounts with the
exceptionally low prices for such standard goods. Bleached
goods and colored cottons ruled quiet, and white goods were
less active, but there was an unabated demand for scrim
curtains, and table damasks were in steady request. Print
cloths continued dull and nominal on the basis of 3}gC. cash
for 64x64s and 2%'c. for 56x60s, with some small sales at a
fraction below these figures.
Prints were very quiet in first
hands, and the general demand for ginghams and woven
wash fabrics was exceedingly light in comparison with a
short time ago.
moderate
but the
of former transactions was of good
only
Domestic Woolen Gooos.—There was
of
amount
new
movement
account
on
a
business in men’s-wear woolens,
Com.
IV neat.
Flour.
661
CHRONICLE.
proportions. Worsted coatings and suitings were in steady
1883-4.
1884-5.
1883-4.
1884-5.
1883-4.
1884-5.
Ex oorta since
request and leading makes are so largely under the control of
Aug. 25, to— Aug. 25 to Aug. 27 to Aug. 25 to Aug. 27 to Aug. 23 to Aug. 27 t«
orders that some lines of samples have been temporarily with¬
May 24.
May 23.
May 24.
May 23
May 24.
May 23.
drawn by the selling agents.
Light weight cassimeres and
Bush.
Bush.
Bush.
Bbls.
Bu>h,
Bbls.
20
538.520
28,232.804
8,750,131 21.038,337 20,000,937
suitings have met with some attention, and a fair number of
4,870.540
CJn. Kingdom
7.072.134
303,135
275,320 17,800,422 13,170,285 10,308.554
Continent...
duplicate orders for heavy all-wool and cotton-warp cassi1,134.015
1,412 050
1,223
518,250
48,713
555,500
S. & C. Am...
meres were placed
by clothiers. Overcoatings were more
312,000
334,124
1,000
37,385
030,030
West Indies.
640,280
122,127
140
8.010
08,974
active
in movement than demand, and a somewhat better
434,455
437,480
Brit. Col’nies
80,207
110,293
17,507
23,071
25,011
Oth. countr’s
53,500
business was done in cloakings, heavy Jersey cloths and stock¬
29,027.000
40,218,828
Total
5,043,190 38.920,089 33,301,407
0.857,554
inettes.
Kentucky jeans and doeskins were more active in
quarters, but prices continue low and in buyers’ favor. Flan¬
The visible supply of grain, comprising the stocks in granary
nels and blankets have shown little animation as yet, but
at the principal points of accumulation at lake and sea board
small sales of white and shirting flannels were reported in
ports, and in transit by rail and water, May 23, 1835, was as
follows:
some quarters.
Dress goods were mostly quiet, and carpets
Barley,
Bye
Oats,
Corn,
Wheat,
were
in
bush
meagre
demand, but wool hosiery and knit under¬
bush.
bush.
bush.
bush.
In store at—
121
11.611
391,532
538,530
Now York
3,295,198
wear were more sought after by intending buyers. .
3 t,o00
12,3/5
89,097
Do afloat (est.)
3 2.000
Foreign Dry Goods were generally quiet in first hands, the
700
20.000
13,000
Albany
18.715
33,934
20,003
629.932
Buffalo
178,788
demand
having been almost wholly restricted to a few spec¬
21,000
31,271
315.470
268,526
14,416,735
•Chicago
7,537
41,839
ialties needed by distributors for the renewal of dis-assorted
Newport News...
7,266
6,897
Milwaukee
2,846.363
stocks. Jobbers continued to make a fair distribution of
18,000
Dulutli
7,045
5,987.145
11.777
25,73 4
61,710
Toledo
1,209,063
dress goods, silks, linen goods, hosiery, laces, embroideries,
726
776.949
17,706
40,886
Detroit
3
125,921
6,692 &c., though the demand by retailers was by no means active.
113 6oO
115.669
Oswego..
407
249.575
27,060
8t. Louis
1,128,197
2.710
25,502 The auction rooms presented varied offerings of imported
17,223
Cincinnati
51,053
29,059
3,772
103,369
142,332
Boston
32,116
fabrics, but none of special importance, and the prices
17,006
72,480
51,226
Richmond, Va
400
25,891
obtained were not as a rule encouraging to the consignors.
15,930
218,676
.Toronto
-
.
...
Montreal
200.427
Philadelphia
812,796
Peoria
5,959
34,900
535,966
Indianapolis
Kansas City
Baltimore
Down Mississippi.
On rail.....
On lake
On canal
Tot.
Tot.
Tot.
Tot,
Tot.
May 23, ’85.
May 16/85.
9,129
1,324
66,158
426,732
22/92 -111.342
27.600
23,200
7.829
1,343,536
67,596
£89,976
59,589
33,445
519/62
801,250
782,803
345,322
708,598
...V..
1,652,666
1,375,139
31,114
May 24, ’84.
May 26.’S3.
May 27/82.
24,215
m
m
^
mm
mm
#
^
m
.
m
8.011
1,000
2.730
.
m
1,200
54,036
107,803
369,3 84
29 8,84/' 251,166
375.870 1.029,480
540,560 1.896,231
130,607 1,017,931
302,305
importations of dry goods at this port for the week
ending May 28, 1885, and since January 1, and the same facts
for the corresponding periods are as follows:
The
M
Total Hint’d
Flax 8ilk Cot n Wool
M
a
n
u
f
c
t
r
e
s
M
i
s
o
e
l
a
n
port. fornaumpt.
at
the
Total
DRY
GOODS
TRADE.
Friday, P. M., May 29, 1885.
quiet in the wholesale branches of the
diy goods trade the past week, a natural reaction from the
comparative activity which followed the late auction sales
having been experienced by commission houses, importers and
jobbers alike. .Slight price concessions enabled some of the
cotton goods commission merchants, who are about closing
their semi-annual accounts wTith the mills, to get rid of their
accumulated stocks of brown cottons, wide sheetings, &c., and
Business has ruled
transactions in
amount.
There
this
was
connection reached a fair aggregate
also a considerable movement in staple
goods and clothing woolens on account of former sales,
and a few' orders for fall fabrics, as dress goods, cheviots, &c.,
were booked for future delivery, but altogether the volume of
business wras strictly moderate. Imported goods w'ere quiet
in first hands, but such is always the case “between seasons,*’
and no disappointment was therefore expressed by importers
Tiie jobbing trade has shown very little animation, personal
selections having been few and unimportant, w'liile the order
demand was hardly up to expectations.
Domestic Cotton Goods.—The exports of cotton goods for
the week ending May 26 were 3,823 packages, of which the
greater part (3,345 packages) were shipped to Great Britain,
The general demand for staple cotton goods was light when
compared with the business done in preceding weeks, but
liberal sales of wide sheetings and brown cottons were made
in some quarters by agents about closing their half-yearly
cotton
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5,022,209 2,185,839
5,102,o39 2,534.162
17,978.563 8.452,550 3.088,105
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■
i
AMERICAN
FINANCE
COMP’Y,
BROADWAY, NEW YORK.
Capital,
President
1st Vice-President
2d Vice-President
3d Vice-President
Sec’y and Treaa.
FRANCIS A. WHITE
JAMES S. NEGLEY
THEO. B. TALBOT
WM. P. WATSON
Capital Stock, $1,000,000.
500,000.
Authorized
Paid In
pal Bonds, Railroad Bonds, bought and sold.
DEFAULTED BONDS of States, Municipalities
and Railroad Companies negotiated or collected.
CALL AND TIME LOANS made on United States
Bonds and good Municipal and Railroad Bonds.
FINANCIAL AGENCY for railroad companies and
other corporations. Will also conduct the reorgani¬
sation of railroad companies and other corporations
whose bonds are in default or whose property is in
the hands of Receivers or Trustees.
Circulars
negotiated.
on application.
American Surety Comp’y
Capital, $500,000.
General Office, 160 Broadway, New York.
Lyman W.Briggs, V.P
This company will act as surety on Bonds required
Rich’d A. Elmer, Pres’t.
in the Courts.
It is the only
Company organized in the United
States devoted exclusively to Suretyship, and with
all its assets invested in this country.
It guarantees the honesty of Officers and Em¬
ployees of Railways, Banks, Telegraph, Telephone
and ExDress Companies, and persons employed by
corporations and business houses holding positions
of trust and pecuniary responsibility.
E. I). L. SWEET & SO NS, WesL’n Managers, Chicago
HENRY K. FOX, Agent and Attorney, Philadelphia
GODFREY MORSE, Agent and Attorney, Boston. =
BASCOM & MUNSON, General Agents, St. Louis.
BROWN.CRAIG & CO., Gen’l Agents. San Francisco
Bonds of*
NO
Suretyship.
BUSINESS.
OTHER
John H.Rhoades
W. W. Phelps,
D. Willis James, Anson P. Stokes,
Robt. B. Minturn
John J. Astor,
John A. Stewart, Geo. H. Warren,
8.M. Buckingham George Bliss,
H. E. Lawrence, William Libbey,
Isaac N. Phelps, John C. Brown,
Erastus Corning, Edward Cooper.
S. B. Chittenden, W.Bay’rdCutting
L. THORNELL, Secretar
LOUIS G. HAMPTON. Assistant Secretary
NORTH
AMERICA.
$300,000
Cash Capital
Cash Assets
400,000
.
214,000
Deposit with Insurance Department
Vice-President:
Hon. Jas. Fekkier.
President:
Sir alex. T. Galt,
Managing Director: Edward Rawlings.
NEW YORK OFFICE:
NO. Ill
BROADWAY.
Secretary.
New York Directors—Joseph W. Drexel, a. L
Hopkins, H. Victor Newcomb, John Paton, Danie
Torrance. Kdw. F. Winslow. Krastus Wiman.
D. J. TOMPKINS,
FIDELITY
&
CASUALTY CO.,
Nos. 214 & 216 BROADWAY, NEW YORK.
Cash Capital, $250,000.
Assets, $512 026 11.
Deposited with the Insurance Departm’t, $200,000.
umcmis of
Banks, Railroads ana Express Compa¬
nies, Managers, Secretaries,and Clerks of Public Com¬
panies, Institutions and Commercial Arms, can obtain
BONDS OF SURETYSHIP
from this Company at moderate charges.
The bonds oi this Company are accepted by courts
of the State of New York.
CASUALTY DEPARTMENT.
death or
totally disabling injuries.
Full Information as to details, rates, &c., can be
obtained at head office, or of Company’s Agents.
Wm. M. Richards, Prest.
John M. Crane, Sec’y.
Rob’T J. Hillas, Ass’t Secretary.
Policies issued against accidents causing
DIRECTORS:
W. G. Low,
A. S. Barnes,
Charles Dennis,
J.S.T.Stranahan, II. A. llurlbut, Alex. Mitchell,
A. B. Hull,
J. D. Vermilye, S. B. Chittenden..
Geo. T. Hope,
G. G. Williams,
David Dows,
Wm. M. Richards.
Geo. S. Coe.
E.
A.
Angier,
Attorney and Counselor at Law,
ATLANTA,
PRACTICES
IN
GEORGIA.
ALL
THE
The Union Trust Co.,
COURTS,
a Specialty.
Refers to Judges Stephen J. Field and Wm. B.
Woods, U. S. Supreme Court, Washineton. D. C.
CJarke,
ATTORNEY AT
TOPEKA,
LAW,
KANSAS.
Commercial and corporation law and municipal
bonds, specialties.
Kkfkklnces : Hon. D. J. Brewer, U. 8. Circuit
Judge; Corbin Banking Co., New York; Eastern
Banking Co and Gen. F. A. Osborn, Boston, and the
Bank of Topeka, Topeka, Kansas.
AND
BONDS,
ON
WEDNESDAYS
AND
SATURDAYS.
ADRIAN II. MULLER
&
SON,
STREET, NEW YORK.
12 PINE
No.
(Equitable Building.)
©arils.
©ommexxial
Brinckerhoff, Turner
&
Co.,
Manufacturers and Dealers In
COTTON SAIL DUCK
CANVAS,
FELTING
DUCK,
CAB
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, &C., “ONTARIO” SEAMLESS
BAGS, “AWNING STRIPES.
COTTON
613 CHESTNUT STREET,
Paid-up Capital
500,000
Acts as Executor, Administrator, Assignee, etc.
and executes trusts of every description known to
the law.
All trust assets
Also, Agents
$1,000,000
Authorized Capital
STATES BUNTING CO.
UNITED
all Widths and Colors, always in stock
No. 109 Dnane Street.
A full sapply,
kept separate from those of the
Company.
Burglar-Proof Safes to rent at $5 to $60 per annum.
Wills kept in Vaults without charge.
Bonds, stocks, and other valuables taken under
guarantee.
Paintings, Statuary, Bronzes, etc., kept in FireProof Vaults.
Money received on deposit at interest.
JAS. LONG, Pres’t. JOHN G. READING, V.-Pres’t
MAHLON S. STOKES, Treasurer & Secretary.
D. R. PATTERSON, Trust Officer.
Directors.—James Long, Alfred S. Gillett, Joseph
Wright, Dr. Charles P. Turner, William S. Price,
John T. Monroe, W. J. Nead, Thomas R. Patton, John
G. Reading, Jas. S. Martin. D. Hayes Agnew, M. D.
Jos. 1. Keefe, Robert Patterson, Theodor C. Engel.
Jacob Naylor, Tlios. G. Hood, Edward L. Perkins,
Philadelphia; Samuel Riddle, Glen Riddle, Pa.;
Dr. George W. Reily. Harrisburg, Pa.; J. Simpson
Africa, Huntingdon ; Henry S. Eckert. Reading;
Edmund S. Doty. MlFFLlNTOWN ; W. W. II. Davis.
Doylkstown ; R. E. Monaghan, West Chester ;
Ohas. W. Cooper, Allentown.
Bliss, Fabyan & Co.,
York, Boston, Philadelphia,
New
SELLING AGENTS FOR LEADING BRANDS
BROWN Sc BLEACHED SHIRTINGS
AND
The
Brooklyn Trust Co.
Cor. of Montague
Towels, Quilts, Wliitc A/odw Sc Hosiery
Drills, Sheetings, <£c., for Export Trcule.
BAGGING.
WARREN, JONES & GRATZ
& Clinton sta., Brooklyn, N. Y.
IMPORTERS
Mich Chauncey,E W. Coriles,
Ripley Knoes,
Wm. B.Kendall, H. E. Pierrepont, Abram B. Baylis.
Jas. Ross Curran, secretary.
MAIDEN
119
NEW
And this Company a safe and convenient depository
for money.
RIPLEY ROPES. President.
EDMUND W. CORL1ES, Vice-Pres’t.
Henry Sanger,
Wm. H. Male,
BAGGING
LANE,
YORK.
IRON TIES,
AND
(for baling cotton.)
Agents for the following brands of Jute Bagging.
Eagle Mills,’’“Brooklyn City,’’"Georgia,’’"Carolina/’
“Nevlns, O,” “ Union Star,” “Salem,” "Horicon Mills,”
“
Jersey Mills ” and " Dover Mills.”
IMPORTERS OF IKON TIES.
“
ESTABLISHED
OF
PHILADELPHIA.
Incorporated Third Mo., 22d, 1865.
(CHARTER PERPETUAL.)
CAPITAL
ASSETS
$1,000,000
SEARS & COLE,
Successor to
Provident Life & Trust Co
STATIONER
1855.
R. Cole,
Eugene
THE
TIES.
Bullard & Wheeler,
and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable institutions, and persons
anaccustomed to the transaction of business, will
Henry K.Sheldon
C. D.Wood,
OF
COTTON
IRON
registry
Josiah O. Low,
Alex. M. White, John T. Martin,
A. A. Low,
Fred. Cromwell,
Alex. McCue,
Jonn P. Kolfe,
LOUIS, Mo;
Manufacturers’ Agents for the sale of Jute Bagging
This Company is authorized by special charter to
act as receiver, trustee, guardian, executor or ad¬
ministrator.
It can act as agent in the sale or management of
real estate, collect interest or dividends, receive
TRUSTEES:
E. F. Knowlton,
SHEETINGS,
DENIMS, TICKS, DUCKS, &0.
PRINTS,
ST.
AND
PRINTER,
Supplies Banks, Bankers, Stock Brokers and Cor¬
porations with complete outfits of Account Book*
and Stationery.
New concerns organizing
ders promptly executed.
No. 1
$15,621,530 63.
WILLIAM
will have their
or¬
STREET,
(HANOVER SQUARE.)
INSURES LIVES, GRANTS ANNUITIES, RE¬
CEIVES MONEY ON DEPOSIT, returnable on de¬
mand, oron which interest is allowed, and is empow¬
ered bylaw to act as
EXECUTOR, ADMINISTRA¬
TOR, TRUSTEE, GUARDIAN, ASSIGNEE, COM¬
MITTEE, RECEIVER, AGENT, etc., lor the faith¬
ful performance of which its capital and surplus
fund furnish ample security.
All trust funds and investments are kept separate
and apart from the .assets of the company.
The income of parties residing abroad carefully
collected and duly remitted.
SAM’L R. SHIPLEY, President.
T. W1STAR BROWN, Vice-President.
ASA S. WING, Vice-President and Actuary.
Corporation and Commercial Law
Fabius M.
STOCKS
And all kinds of
The Guarantee Co.
OF
SALES of all classes of
PHILADELPHIA.
-
AUCTION
The Undersigned hold REGULAR
TRUSTEES:
Dan. H. Arnold,
Thomas Slocomb,
Charles E. Bill,
Wilson G. Hunt,
Wm H. Macy,
Clinton Gilbert,
Daniel D, Lord,
Samuel Sloan,
James Low,
HENRY
611 AND
SURETYSHIP.
Cash
$2,000,000
3,661,741
JOHN A. STEWART, President.
WILLIAM H. MACY, Vice-President.
JAMES 8. CLARK, Second Vice-Pres’t
.
furnished to Sav¬
ings Banks, Insurance Companies, Executors and
Trustees of Estates, and individual investors.
UNITED STATES BONDS, State Bonds, Munici¬
RAILROAD LOANS
-------
This company is a legal depository for moneys paid
into court, and is authorized to act as guardian or
receiver of estates.
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time, and withdrawn after
flve days’notice, and will be entitled to interest for
the whole time they may remain with the company.
Executors, administrators, or trustees of estates,
and females unaccustomed to the transaction of busi¬
ness, as well as religious and benevolent institutions,
will And this company a convenient depository for
money.
80UND INVESTMENT BONDS
Auction ^alrs.
United States Trust Co. STOCKS and BONDS
OF NEW YORK,
At Auction.
No. 49 WALL STREET.
Surplus,
JOHN C. SHORT
[Vol. XL,
'gvnst Companies.
ffiusmcial ©nrapauirs.
96
CHRONICLE.
THE
662
Chronicle Volumes
SINCE
79 & 81 WILLIAM
Building, 35 Wall St., New York.
STREET, NEW YORK.
JOSEPH Cl LLOTTS
PAID UP CAPITAL, $1,000,000.
Designated as a legal Depository by order of Su¬
preme Court. Receive deposits of money on interest,
act as fiscal or transfer agent, or trustee for corpora¬
tions and accept and execute any legal trusts from
persons or corporations on as favorable terms as
Other similar companies.
THOMAS HILLHOUSE, President.
FREDERIC D. TAPPEN. Vice-President
Walter J. BK1TT1N, secretary.
1870.
Any office possessing these volumes since 1870 has
at hand for convenient reference a complete and re¬
liable financial history of the period. Parties having
the more recent volumes can obtain from the pub
Ushers most of the earlier volumes, or complete seta
can be furnished.
WILLIAM B. DANA Sc CO.,
Metropolitan Trust Co.,
Mills
SALE.
FOR
STEEL PENS
Sold By ALL
DELALERSThrouohoutIhkWO R LD
GOLD MEDAL PARIS
■
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EXPOSITION —187EL
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