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xmm
HUNT'S MERCHANTS' MAGAZINE,
AND COMMERCIAL INTERESTS OP THE UNITED
REPRESEJn'ING THE IMDUSTRIAL
VOL.
NEW
40.
YORK, MAY
f^irmnci^X,
^Ittattciat
Henry
SEW CHURCH
Trinity Place,
YORK.
Uu»liic*a Founded 1705.
Law. of Slate of Sew Vori,
liirorpwr»l<^ nuiltr
I
Keomanlzcd 1879.
F-NGKAVEKS AND PRINTERS OF
BONDS, POSTAGE & REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
NOTES of ihe UNITED STATES; and for
Foreign Covernments.
188 BroadwB7, Cor. John Street.
Members N.
ENGRAVING AND PRINTING.
DRAFT*. cnE«KS.
Ao., In llio
ond
paperH
NiM.rift!
uite
eirlu.Welj for
uf I bo ionpiuiT.
SAFETY PAPERS.
SAFETY COLORS.
Work
Flrfproof IJuIldliiff..
LITHOeHAPHIC AND T/PE PRINTme.
E.\o<Mitf*i in
STYLES.
RAILWAY TICKETS OF IMPROVED
Calcndurt*.
slion- C'urds, Lnbfls,
Investment Securities.
Private wire to
New
&
VllK-rKESlDENTS
A. D. SHEPARD.
TOURO ROBERTSON.
W. M. SMILUE,
Treas.
H. STAYNER,
THEO. H. FREELAND. Secty.
Simons
G.
Bought and Sold on Commission.
Bctbblt Ch>w.
JAs. D. Simons,
Member N. T. Stock Exchange.
Member N. T. Produce Exchange.
DEPOSITS
ABA. P. POTTKH,
Ptea'l.
J.
W. Wore, Caihler.
Maverick National Bank,
BOSTOJW.
AooonnU
of Banks and Bankers solicited.
GollectlODS made upon favorable terms.
GoTenunent Bondj bon^bt and
Thomas
a. vtbk.
Member N.
sold.
W.
E. D. VYSB,
T. Stock Exohanse.
Vyse & Son,
BANKERS AND BROKKKS,
66 Bn)a<lway
Branob
&
7
and 17th
81
ii.
Gilder
33 HKOAD
Farr,
ST., NE^V YORK.
L'BUILIKB.
A. Kohn
&
Co.,
J. BANKERS AND BROKERS,
19 Broad 8t.,N. Y., imiUBnlldlnK,
General Banking Biulncea, bay
and S«U Oovemment Bonds and Investment BccnrW
Foreiffn Kxchanse, Bunds, Stocks and Misceila.
neouB Securities bouifbt and sold on commission.
JULins A. KoHN, David Ocbs. Mobitz Oohs,
Memb.N.T. Stock Bx
Uemb.N.T. Stock Excb.
Simon Borg
NASSAU
ST.,
&
Co.,
NEW YOBK.
DEALER!* IN ALL KINBfe OF
Railroad and Investment SecnritieN
Thompson & Richard,
BANKERS,
16
4c
18 Kroad Street,
Secnrities carried on
Government Bonds and otber Investment
TIKKER
BANKERS
iHo.
%
&.
Stewart Brown's Sons,
STOCK BROKERS,
64 Broadway dc 19
Asiel
AND EROK£BS,
BXOBANCB
New
C017BT,
No. 35
&
Bishop,
N
1
Ar
YORK.
miners iind
Astri<
iindsnle
ire to
ved.
'.
Buf.n
I'l
Ki..
i:W
iiicos.
Int.
iJi
.-
,,
ou£e,
icwgo.
to suit
tnk of Lt
given to
istment*
I)
J.
P.
WINTRIMGHAM,
80 Pine Street,
TELEPHONE CALL, 232 JOBN.
No. 81
Aanu
1. 8.
N. Y., No. 17 FIRST BTKEBT.
Stock Bzch'ge membership; private wire; all fadUtlM
FHANKMWHinatB, M. SBuaxAnf.
.M embws N. Y. Stock Rxchang*.
Jameson, Smith&Cotting
STOCK BKOKERS
AND COMMISSION MERCHANTS,
33 Broad
St.
and 6T Exebance PUe«
and PROTISIOn
bought and sold in New Vork and Chlcag*
«»•
Chicago Correspondents. WM. T. B AKKR *
WrtS and exofusiTa private wire
New
lork.
Atlantic iVtutual
Gas. iDBuriiuce iind
« KKckaansr* *l»«»t.
"AlToirST I X E
89
Scrip.
Bank Stoc^,
las.
&
Co.,
BANKERS AND OOMMIBSIOM RXBCHANTS
cSc
TBOV,
New Yorfc
Co.,
R. T. Wilson
M. T. Stook Bxon.
STOCK BROKER.
Lansdale Boardman,
nwr YORK, 80 BROADWAY 5 NEW ST.
&
St.,
STOCKS, BONDS, GRAIN
Uulliiki. Cii
.
I
Spco
York.
Bsmrr c. Tinkik. Member
BnrnaLAiB wcston.
Hamilton
New
AND BROKEBS,
BANKERSBXCHANOB
PLACB.
Special
WESTON,
New York.
tij the StocH Exchange.)
N. Y. Stock and Produce Exoh'ncea,
Deposits received, subject to check. Interest allowed thereon. Stocks, iKmds. grain, provtslons and
petroleum bought and sold on commission for caaa
or on margin. Direct telagrapfalo eommanloatloo
with the Chicago Board of Trade.
(Next door
Members of the
B.
Interest paid on Balances.
Securities bought and sold on commlsson.
attention to orders by mail or telegraph.
i>
rJas
BANKKR8 AND BROKERS,
MarRin.
CEDAR STREET.
6st
in addition to
Transact a General Banking Bnsiuess.
No. 17
&
and
GEO. H. UOLT.
TAINTOR.
G. D.
House, Union Square
titreet.
allowed on
Private telegraph wires to Providence and Boston.
BxcUau«e Court, N. Y.
Office at tbe Everett
INTEREST
received and
business.
Buy and seU OOTBRNMENT, MDNICIPAL
RAILROAD Bonds.
9400,000
400,000
SDBPIiUS,
5,
No.
GENERAL BANKING
Co.,
BANKERS.
balances.
a. B.
CAPITA li,
a
&
Oilman, Son
Holt,
WALL STKEBT, NEW YORK.
TRANSACT
Chew,
X ExcbanBeCoortA 53 Broadivar,N.Y.
stocks. Bonds and V. B. Oovemment BceuTltlw
BANKERS,
No. 2
&
STOCK BROKEBS,
:
MACDONOUGH,
i.
\.4Si.
Government, State, County, City and Railroad
bonds constantly on hand for sale or exchange, and
Yurk.Baltluioreand other places
Taintor
NEW YOBK.
ST.,
BOX
Receive deposits subject to cheque at sight end
allow interest on daily balances.
Clftestnat St««}
Deposits received subject to cbeok at sight, and
Interest allowed on daily balances.
Stocks, Bonds, Ac, bouirbt and sold on cummtsstoD
lu PliUiuU'It'hUiand other cities.
Particular attentiun given to inf ornuilion regarding
BLANK BOOKS OF EVERY DESCRIPTION.
ALBERT G. 600DALL. President.
Co.,
particular attention given to the subject of Inveat
menta for institutions and trust funds.
Co.,
PHlI^ADfiLPHIA.
niiiiiiiniettir,-<l
&
Ives
Transact a general banking InuineM, laclndlac tk«
purchase and sale of securitlea Hated at tiM New
York Stock Exchange, or In tbe open market.
BANKEHS,
Third and
S. !¥• Cor.
PREVtVT (OlXTKBlEITISft
lo
&
H. Taylor
L*
mi>.t artutic style
FKOM STEEL PLATES.
»1lb SrKCIAL SAFKUrjUUS
and Philadelpliia Stock Bzobanges.
OP EXCHANGE,
B1I.I.S
flni'.t
r.
P. O.
Co.,
IMPORTERS,
RA.NK .NOTES, SHAKE tr.UTirit'ATES, BOSDSI
FOK t;OVI-;UNMIi>T.« AM» <OK1»OUATIO.\S.
(*TAMPS,
&
Alfred H. Smith
hit*.
NASSAC
No. as
ST.,
KiB'W^
S.
BANKERS,
DIAMONDS.
Bank Note Company,
1,040.
^tnftttjcial.
AMERICAN
58
NO.
30, 1885.
STATES.
.
W«w W«r»
HEARD,
NASSAU STBKKT.
jccujItleiL
T.nans onBaUwayand other oagotlahlc
pi^hie^fcdlale of aam* Uwn. o« Bond and
Mongace.
CKnwl ItnancUl ttortn tM
;
THE
fi
^oretfltt %xthvinQt»
&
Morgan
Drexelj
£
Drexel,Harje8 & Co
Co.,
No.Si South l^lTd Street, 31 Boulevard Hanssmann,
philade:i.phia
PARIS.
BOHESTIO AND FOREIGN BANKERS.
Deposits received subject to Draft.
Securities
bought and sold on commission. Interest allowed on
Deposits. Forelt?n Exchange. Commercial Credits.
Circular Letters
Oable Transfers.
kvallable In all parts of the world.
Brown
Brothers
&
Co.,
No. 69 WAJ^I^ STREET, N. ¥.,
BDT AND SKLL
OF EXCHAWOE
BIl.L,S
ON GREAT BRITAIN AND IRELAND, FRANCEGERMANY, BBLOIUM. SWITZERLAND. NORWAY, DENMARK, SWEDEN AND HOLLAND.
ISBue Commercial & Trarelers' Credits
AVAILABLB
IN
all
Canada, and of Drafts drawn in the
United States on Foreign Countries.
&
&
Stuart
J.
33 NASSAI7 STREET.
BILLS OF EXCHANGE ON
niTH, PAYNE
SMITH'S,
MANCHESTER & COUNTY RANK,
&.
BANKERS, LONDON;
"LIMITED;"
MANCHESTER, PAYABLE IN LONDON
Messrs. N.
**
do
"
Kotli!>iohild
A. de Ualhsvliildi& Sous, Frank-
91.
o\m.
fort
S. 91, deKothschild, Esq., Vienna.
AND THEIR CORRKSPOWDEKTS.
Draw Bills of Exchange on, and malie Cable Trans-
France and Germany.
fers to, England,
& W. Seligman & Co.,
J.
BANKERS,
RROAD STREET,
No. 33
Ne^v York,
l88ae Letters of Credit for Trarelers,
On SELIGMAN BROTHERS, London,
SELIGMAN FRKHKS A CIE.. Paris,
SELIGMAN & STKTTHEIMER, Frankfurt,
ALSBKliG GOLUBEKG. Amsterdam,
ALTMAN&8TBTTHE1MBR,
SCOTI.ANI>,
EDINBURGH, AND BRANCHES;
John Paton & Co.,
SUCCESSORS TO
JESUP, PATON & CO.,
63 in^lUlam Street,
also as transfer accents.
Bonds, stocks and securities bought and sold
commission, at the Stock Exchange or elsewhere.
;
William Heath & Co.,
BANKERS AND BROKERS,
No. 80 Rroadiva7, Neiv York.
Members of New York Stock Exchange.
rOREIQN EXCHANGE. CABLE TRANSFERS.
&
10
Tlu'oa^iiiortoii Ave.,
Co.,
liOudoB, Ens*
Draw
Bills of Exchange and transact a general
ffnanolal commission business. Particular attention
to American Securities.
Wen
William Heath
No. 19
&
Co.,
Rue
Scribe, Paris.
for London and American markets
Orders solicited
for Investment or on margin.
Cltr Loans negotiated.
DRAW ON
SCOTLAND.
&.
ON niEXICO, CVBA,
KamriDT Tod.
H. O. NORTHCOTS,
J.
Act
<&c.,
Co.,
H. OYENS
<fc
HOTTINGUER
ifc
&: CO.,
SON,
•
PARIS.
Co.,
Bought. Sold, and Carried on Margins.
all railroads for past twenty
Parties desiring to buy or sell unquoted tecuritles will do well to communicate.
F. B. Smith, ) Members N. Y. Mining, ^tock & N».
tionai Petroleum KxcfaanK*.
S. W. Smith, i
Intimate knowledge of
years.
New
York.
CAEDIVEEE,
CABLE TEAN8PEE8, BILia OF EXCHANGE
AND
AND TBAVBLEKS' CREDITS.
BANKERS AND BROKERS
8 IVAIiIi STREET.
Tranaaet a general Banking Business, including the
Purchase and Sale of all Securities dealt in at the
New York Stock Exchange.
Interest allowed on deposits snbjeot to sight draft
LANSINO C. WASHBOTIK.
C. B. CAU) WKLI»
CBAS. J. 'I'OWNSEKD, Member N. T. Stock Exohang*
W. M.
JOINT AGENTS
Canadian Bank of Commerce,
jonn Kerenberg Oouler &Oo.
16 EXCHANGE PLACE.
Hamburg.
B0Y AND SELL STERI^I NO EXCHANG B, CABLE
neRara.l*Iarcnard,KrausB&
BANKER AN» BROKER,
nessrs.
Credits.
Cable TnuKtan.
30 Rroad
TUAN8FBRS, ETC.
ISBUB COMMERCIAL CRRniTS, A VAILABLE
IN ALL PAttXS or THE WORLD.
Earl,
MEMBER NEW YORK STOCK EXCHANGE
Hank
and Travelers'
St
No.
of London
(I^liuttcd) Iiondon.
Coranjerclal
WASHBVRK
TO^VBfSEND,
&
BlU* ot Ktc.aut t t.
NEW YORK,
No. 20
RARING RROTHERS & CO., London
PERIER FKERES dc CO., Paris.
Schulz
Ruckgaber, MENDELSSOHN & CO., RerUn.
BANKERS,
89 l^IIiLIAM STREET, NETT YORK. J. H. GOADBT & B. E. WALKER,
Co.,Part«,
BT.,
Co.,
Fred. H. Smith,
RROAD ST., NEW YORK.
STOCKS, BONDS AND PETEOLEUM
I
FOREIGN BANKERS,
COIUUEKOIAI.
PINE
&
U^OOD & DAVIS.
> nwrinM
{I-ONDON.
&
Huestis
Execute orders in alt securities listed at the New
York Stock Exchange. For Sale,
Fibst.<;las8 Railroad First Mortoaoe Bonds
george c. wood. c h. huestis. l. m. 8wak
AMSTERDAM.
CO.,
SECURITIES
SUCCESSORS TO
of Exchange on
SON,
Co.,
^_^_^
31
inland UrafU.
<k
&
RANKERS AND RROKER8,
Offer Investment Securities.
Sell Bills
B. Hollins
Wood,
Bny and sell bonds, stocks and securities in all American, Canadian, British and Dutch markets on commission. Collect dividends, coupons and foreign and
HAMBRO
FRANK C.BOLLINI
panies^
WILLIAM STREET.
MELTILLE, EVANS
ma>
But and sell on commission all classes of Stock
and Bonds, for cash or on margin.
Agents for Banks, jankers and Railroad Com-
Y. Stock Bzeh.
&
F.A.YZNAOA.
DBALERS IN
Agents for Banks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers' letters of credit in pounds sterling St dollars.
C. J.
IN
Members N.T. Stock Exchange.
FIRST-CLASS INVESTMENT
&o.
RANRERS.
M
Sons,
Sistare's
BANKERS AND BROKBR8,
74 B»0 ADirA r.
CO., liONDON.
COaUKSPONDENTS OF THB
Geo. K.
H.B.HOLI,IN8.
N0TK8 AND CREDITg rOB TaAVXLZRS.
International
Office, 320 Rroadnray.
Connected by Private Wire.
Jos. C. Walcott,
i Members of the New York
Fbamk F. DiCKiysoN. i
stock Exchange.
New
CORRESPONDENTS:
CntCtTtiAB,
Rrancta
Interest allowed on daily balances.
All deposits subject to check at sight.
Particular attention to orders by mall or telegraph.
Alkzahdkr Bakinq,
Member N.
Oor. Wall and Nassau Sts.,
AliEXANDERS &
stocks and Bonds bought and sold on Commission.
Orders received In Mining Stocks, and in Unlisted
Securities. Collections made and Loans Negotiated.
Dividends and Interest Collected,
Deposits received subject to Draft.
Interest Allowed. Investment Securities a Specialty.
We issue a Financial Report Weekly.
H.
Kennedy Tod
No. 63
Co.,
BANKERS AND BROKERS,
No. 24 Pine Street, New York.
Transact a General Banking Bnsiness
telegraphic transfers of monet
J.
&
C. Walcott
J.
Buy and Sell on Commission, for cash or on
gin. all securities dealt In at the
York Stock
Tobk.
No. 82 Naaaaa Street, New York,
No. 4 Post Office Square, Roston,
BTEBTJNG CHEQUES AND BILLS AT SIXTY
DAYS SIGHT ON
for the use of travelers in all parts of the
world. Bills drawn on the Union Bank of London.
Telegraphic transfers made to London and to various
filaces in the United States. Deposits received iut>ect to check at sight, and interest allowed on balances. Government and other bonds and investment
securities bought and sold on commission.
bills of exchange, letters of credit
Kidder, Peabody
PARIS
LETTERS OF CREDIT AND
CIRCULAR NOTES
Issued
Kxchange.
BOSTON, MASS.
CO.,
KOUNTZE BROTHERS,
BANKERS,
120 Broadway, Equitable Bnildlng, New York.
DEALERS
24 ExcbanKe Place,
New
on commission, for Investment or on
New York Stock
sell
Co., FIRST-CEASS IlVVESTIHEiyTS.
COMMISSION MERCHANTS,
'
I
securities dealt in at the
all
York.
&
BANKERS
Maitland, Phelps
Co.,
CHEQUES AND CABLE TRANSFERS ON
Buy and
margin,
16 & 18 Rroad Street, Netr York.
121 Soath Tblrd Street, PhUadelpbla.
Connected by private wire with main ofQoe. New
THB UNION BANK OF LONDON:
BRITISH LINEN CO. BANK, LONDON AND
Railway* State and
John Munroe &
nUNROE &
on
Exchange and Cable Transfers bought
Sterlinic
and sold.
22
William Heath
New York.
Accounts and Agency of Banks, Corporations,
firms and Individuals received upon farorable terms.
Dividends and interest collected and remitted.
Act as agents for corporations in paying coupons
ALSO,
PARIS:
SJ:S.'B!'(fli™™V.THOBE.DAVI8.W.G.H.HKATH.
of the New York Stock Exchange,
Dialers in Foreign Exchakge, Govsrsmemu
AND OTHER Investment Bonds.
STERLING LOANS A SPEOIALTT.
r .
Wall St. and 62 Greene St., N. Y.
64
Berlin.
Parable in anj part of Europe, Ajia, Africa, Ansand America.
Draw Bills Of Exchange and make Telegraphic
Transfers of Money on Enrope and California.
CABLE TRANSFERS AND LETTERS OF CREDIT
LONDON:
Chas. Unger & Co.,
RANKERS AND RROKER8,
Members
tniJlA
AND
KATIONAL RANK OF
NEW YORK:
& Sana, London.
ilros., Paris,
Rothwfaild
Itl.
CliSTER RANKING COMPANY,
BELFAST, IRELAND;
AND ON THK
in all
parts of the World, through
and dividends
Co.,
Co.,
Nob. 19
Street.
ISSUE TIIAVELBKS' CREDITS, available
IN STERLINO.
ANY PART OF THB WORLD.
nd In Francs, In Martinique and Ouadaloupe.
HAKE TEI.EGRAPHIC TRANSFERS
OF mONEY
BETWEEN THIS AND OTHER OOVNTRIES.
COLLECTIONS OF DRAFTS drawn
MAKE
points in the United States and
abroad on
J
&
^gyjeign %xcUixnQt,
RANKERS,
& 21 Nassau
for Travelers,
ATTORNSTS ANT) AGENTS OF
inessrs. J. S. inORQAN & CO.,
Ko. 22 OLD BKOAD STREET, LONDON.
[Vol. XL.
|^0t:ci0W ^aecttattflje.
Co., August Belmont
WAI.Ii 8TREKT,
C^HNEB OF BEOAD, NEW YOEK.
Drexel
CHROJSlCl.h;
St.,
Now
York.
STOCKS AND BONDS BOUGHT AND BOLD
STRICTLY ON COMMISSION.
^
_
:
Mat
THE CHRONICLE.
80. 1888.J
SanUets wn&
JAMU
wuiTCLT,
cnraxB oaklet,
SrlArxAimC. Kyk».
&
IB
gangers aua %voUeK8*
'gvsdUKB,
II.
UiNBr II. DoDUC, Wmhinirton, D. C.
Wm. K. THAVCitx, Vpeolal I'urtnsr.
&
R. A. Lancaster
"govelQn JBanhers.
Co.,
THa
BANKERS AND BROKKBfl,
UNITED BANK BUILDING,
Railway Share Trust Co.
YOKK.
No. 64 BKOADWAV,
isw
Are., New York.
>» i.,™, n...n».
orricis g^ Vitlh
BRANCH
^^^^, gt., WMhlmrton. D. C.
BROADWAr AND WALL STBIST, NKW YORK
aiMiTn»,
Boy and sell on oommleslon all olauea of Hallroad
gMQTltlM; alAO Grain and l*ruTl8lons.
PrtTate Telegraph wires to Philadelphia, Wllmln«'
ton. Baltimore, Waahlngton, Bridgeport, New Haren,
Boaton and PttUbnrK,
Railroad
Prince
Whitely,
NKW
DIALSnS Dl
)
.
j
WALSTON U. Shown.
HIUUKUT
ft
MlMellaneoiia Secaritles.
Member
Bbow.v.
N. Y. Stock Exchange,
&
Banker* Sc Contmluton Stock Brokers
No. 08 BKOADWAV. NKW YORK.
-
i
..
ExcliatiKe
Ctuih or upon
lisaas
Rolston & Bass,
tar of
BROAD 8TREKT, NEW YORK.
STOCKS, BONDS
No. 20
ColttmMa
Bonds and Foreign Bxchange.
&
(15
or Beglstratlon of Btoekain Loadoa.orotkerwtM.
Osble
ALrBBD
B.
LOUNSBXBT.
&
John H. Davis
Mew Tork
Co.,
BANKERS AND BROKERS,
Do a strictly Coninili«aloii Bnalncss
STOCKSi, BONDS and UKAIN,
With Private Wires
to
16
&
18
BROAD
Bankvereeniging,
PHlliADKLPIIIAand Intermediate Points.
YORK.
No. IT IV ALL ST.,
NEW
HraAH Dewing. Ci,abk Dkwinq. F. T. Bontxcou.
(Member of New York Stock Kxchange.)
H. Dewing & Son,
BACKERS AXI> BROKERS,
No. 34
Co.,
BROAD STREET,
New
Howard
&
Lapsley
New
Co.,
,
Trannct a General Banking Business, iDolndtng
the pnrohase and sale of STOCKS and BONDS for
cash or on margin.
Bn7 and
Investment Seenrltles.
P. O. BOX 8,647.
Sell
A. M. KIDDIB.
WATI,AKD TBA8K.
W. C. Hill.
H. J. MORSB.
Australasia,
(Incorporated by Royal Charter, 1835.)
London, England
Paid-up Capital,
£1,800.000
Keseive tunrt, 790,000
Letters of Credit and Drafts Issued on any of the
numerousbranchesof the bank throughout Australia
and New Zealand.
Bills negotiated or sent for ooUeotlon.
Telegraphic transfer:* made.
Deposits received in London at Interest for fixed
periods, or for transfer to the colonies on terms
which may be ascertHined on application.
...
Hong Kong &
Shanghai
BANKING ASSOCIATION.
BANKERS
Exchnnge Place,
cor.
N. Y.
Branch Offlcp, -ill l,a !4alle Nt„ Chicago,
TRANSACT A OKNKRAI, BANKING BUS1NKS3,
INCLUDING TllK PLUCHASB AND 8AI,K (.)F
STOCKS AND BONDS FOR CASH OR ON MARGIN. BUY AND SEI,I, INV'KSTME.NT 8KCURITIBS. INTEREST ALI,OVVKI> ON DEPOSITS
BDBJKCT TO CllECK AT SIGHT.
D
P. O.
A. BOODT.
Box
447.
C.
Pald-np Capital
Reserve Fund
ReserTe for Kqualizatlon of Dividends
Reserve Liability of Proprietors.
Shanghai, Bankow, Yokohama, Ulogo, San Franolico
and London.
A. M.
TOWM8EMD,
Agent, 47 William St.
L. de Steiger
NBW YOBK COBBXSPONDENTS
Messrs. KNAUTff,
<t
Broadwaj.
OOMitEBOIAL PAPER.
Stocks and Bonds bought and sold on eommlsslon
at New York Stock Exchange. AdvanoM made on
busloees paper and other Mcurltles.
NACHOD & KUHNE
The City Bank,
(LIMITSD.)
LOIVDOIV,
ENGLAND.
.....
Aatherlzed Capital,
£4,000,000
Subscribed Capital
4,000,000
1.000,000
Pald-Up Capital,
Reserve Fand, £300,000.
&
Co.,
Street,
THREADNEEOLE
Ludgate
|
A.
CO.,
P. TVRKER
TURBADNEE0L8 STREET,
ac
BO
EOIVDON.
(
\
New York
Stock Exchange.
Philadelphia Stock Exchange.
BT.
:
Tottenham Cooit Road
Paddlngton,
Hill,
Aldnte.
Knightsbridge,
Holbom,
I
Old Street,
London.
The Bank, while conducting the
ot
general buslns**
London Bankers, gives special attention to the
of Foreign and Colonial Bank*.
Agency
^
'
A. O.
KENNEDY. Maaagar.
THB
Californian
Anglo-
Bank
(LIMITED).
LONDON, Head Office, 3 Anfcel Court.
SAN FRANCISCO Office, 422 CallTomla St.
Af^DU, J. A W. Sellgman A Co.
KKXr
BOSTON Correapond'ta, Haasaobaaetta N. Bk
YORK
Antborized Capital, - • • 96,000,000
Paid-up Capital, - • - • l,fiOO,000
- - - 400,000
Ueserve Fund, Transact a general banking boilBess. lasnsCoai.
merolal oredlU and Btllsof Exotaaute, aTsUabl* In all
orders for Bonds,
Ssrt* of the world. Collections and
took*, eta, executed upon the must favorable term*.
FBBD'KV. low,
i !£.„.__
'
.
^^
lONATZ STBINdABT.
1
"
P.N. LILI BNTHAL. Csshlsr.
—
8HXBMAK 8. JgwiTT. Pre*. JosLAB Jgwarr. T J>res
WiLLLAM
BANKERS,
Bank
FBANKFORT-ONMAIN, GERMANY. CAPITAL, -
BANKERS,
W^all Street, Corner
|7,SOO,000
4,4<i0000
400,000
7,SOO.0OO
The Corporation grant Draft*. Issue Letters of
Credit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Caicutta, Singapore, Saigon,
Manila, Uong Kong, Foochow, Amoy, Nlngpo,
RKUBKN Leland.
STOCKS, BONDS
....
W. MCLCLLAN.
VNITED BANK BUILDING,
CO.
Transact a genera] Banking and Commlsaloa Bast.
oes* In BUls, Stock*. Shares. Coapon*, Ao.
BRANCHES
4 Tlireadneedle St.,
aaa»M6JBi
Enschode-B. W. BLIJDENSTEIN, In.
Almeloe-LEDEBOEB A
Bond
PRIOEAU.X. 8KLBV, Secretary.
38 Broadway,
*
Amsterdam.
BRANCBBa
Leaden—BXCHANGB A INTSSTMKNT BANK
B. W. BLUSBHSmx A Co.
OlBce,
tnr.An OFFICE,
New York,
1881.
84938887
Head
Streets.
FrlTate Wires to Waahlngton, D. C Baltimore, Boston, Philadelphia and Chicago.
Bank of
CO.,
HOLLAND.
- OnUders dSJOOMO.-)
7.871,100 (tS,t48AMl-)
Pald.Up Capital,
GREEN
& BATEWAIV,
BANKERS AND BROKERS.
Corner 'Wall and Notv
No.
.
KSTABLISBID
Stocks, Corro.v, Gkain, Fokeig.v Bxohanoe,
CjG Co.
BANKERS,
18 WALL STREET,
•
Subscribed Capital, 8.000,000
York.
DOCOLASB GBSIK.
A. B. BATSMAN,
Memb. N. Y. Cotton Exch. Memb-N.Y. Stock Exch.
W. W. DUBUtT.
bOQAtat and sold.
•
•
No*. SS A S6 Threadneedl* Street. .(].
Rotterdam-DB WISSEL-ea EFFECTENBANK.
York.
BANKERS AND BROKERS,
No. 11 WALL STREET,
New York.
8tock8 and Bonds Bought and Sold on Commlsilon
AcoonnU recelTed and Interest allowed on ballaneee, which mar, be checked for at BlKtat.
Iowa Loan & Trust Co. 6 per cent Debentures
W. BLIJDENSTEIN A
BsMrreFimd,
W. H. Goadby &
BANKERS AND BROKERS,
In
B.
AnSTERDAm,
NEW YORK.
Transacts a KOnonil Banking business, including the
purchase and sale of stocks and bonds for cash or on
margin.
CIIICAOO, DALTIMORE,
No. 18 ^Vall Street,
ST..
AddreM-PATT, Vottvon.
De Twentsche
the N.V. Stock Exchange.)
BANKER ANB BROKER,
New York.
SeTenteen Tears' Membership In the
Stock Exchange.
in
sitker la tbe aist-
payment* of Intarast oa Loaas. ~-'-'fili oa
Turner,
J.
Vears' Membership
TnutM
Jr.
Y. Stock Exch'ge.
C.
Co.,
BANKERS AND BROKEE8,
No. 16 Broad Street,
BOBKBT J. KlHBAU..
Member N.
W. Alex. Bass,
MemberCblcago Stock uxch'ge.
Correspondence Solicited.
Kimball
Wm. H. Rolston,
of
Loau oa the Lontfoa Market. mU is Ageaifa*
WALL STREET,
J.
buliMM
approTtd Ballwaya, ««otlataa sad
RaUwayi sad otbar Corporatloea,
Co.,
Ctt7, County, State, Railroad, District ot
R.
i^^i
Thia Company nndertakM the
to Loans of
AND MISCELLANEOUS SECURITIES
BANK BUILDING,
NE\r TORK. Correspondence Solicited.
Quotations cheerfully furnished.
XJNITED
No. 3
&
Stockn and
Margin.
JOBS iiowaud latbaic. Frkdirick W. Pibbt
H. Latham
and
ntffhi,
t
.
J.
OapltiJ Paid Up, £BTl,SeO StarUac.
Cox,
Deposits recelTetl nublort
Interest allowed on dalir Ik'
Securities dealt In at the N'l
bought and aold on Coauui(u>i^'M,
NASSAU STRKBT,
NEW YORK.
NO. 30
LONDON, EMQLANO.
ClIAKLKS'il Cox.
Carol in
BABiKERS,
BANK BVILDineS
No. 4
Southern BecuHUea a BpeciaUy.
Wm. v. carolih.
Bbowv.
Fkii>. a.
P.
Walston H. Brown & Bros
'
:
C.
CoiunrsLL, CsaUer.
of Buffalo,
......
BUFFALO,
9800,000
». Y.
ThI* bank ha* ranerlor fhelUtles for msking eollaa.
Uon*on all aoeeaalble poinu In the DnlUdStaUSW
l l d to
LIbersi laraM s
Canada and KaTOpe.
aooonnUot banker* and merchant^
lACoRBBSPOKSBNTS.— New York, icattoaal laoa •
restAer Banks Union Bank of London.
xf
i
:
,
,
)
THE CHRONICLE.
u
Cauaxltau gauUcrs.
3|jew ^iifllimd 'gmihtxB,
Bank of Montreal.
Perkins,
&
Dupee
XL
[Vol.
I
&
Co., Thos. P. Miller
Co.,
BANKERS,
OAFITAL,
•
8I7RPI<VS,
-
BMITHEKB,
43. F.
$12,000,000, Rold.
$6,000,000, Gold.
President.
BUCHANAN,
W.J.
tioa.
WALTBR WATSON,
Bny and
8t«rUnii
aell
)
KMhange, Franos ana Cable
Crediu,
TransferB; grant Commercial and Travelers'
araUable In any part of the world; Issue drafts on
and make oollectlons
Dominion of Canada,
London
Chicago and throughout the
In,
No. 28 Abchurch Lane
Office,
Merchants Bank
STATE STREET,
BOSTON, MASS.
•
Wilbour, Jackson
HEAD
OFFICE, HIONTREAL.
H
J
PL.UMMER.
Exchange Place, Room
No. 4
Sterling Eiohange. Cable Transfers, Issues Credits available in
In Canada
oolleotlons
makes
world,
the
of
ill parts
and elsewhere, and Issues Drafts payable at any of
the offices of the bank In Canada. Every description
of foreign banking business undertaken.
HARRIS,
.
|
.TB..
AgenU.
Bank
Sterling Exchange and Cable Transfers. Issue dorannd drafts on Scotland and Ireland;
also on Canada, British Columbia, San Francisco and
sell
name
In
of
BANK
Plate &C.
Bills collected
•oted.
PORTLAND, mAINE.
THE
-
-
-
D. R.
WILKIB,
Cashier
OFFICE, TORONTO.
BBANCBE8:
Port Colbome, St. Thomas, Ingersoll
Welland, Fergus, Wood'took.winnlDer, Man
Brandon, Man Essex Centre, Ont.
Dealers In American Currency & sterling Exchange.
Agents in London
Agents In New York;
Lloyd's, Barnelfa & BosBAlfK OP MONTRBAI.
anquet's Bank, limited,
69 Wall Street.
&
Gzowski
Buchan,
BROKERS
STOCK AND EXCHANGE
AND CiEiMERAI. AGENTS,
Co.,
OLIVE STUEKl, ST. ijOUIS,
Dealers In YVestern Securities.
305
riAfanlted Bonds of Missouri, Kansas and lUlnoii a
Specialty. *Joad Investment Securities, paying from
D. G.
FONKS,
President.
J
1
BTATK BANK,
j
C. T.
Incorporated 1875.
Walkbk
Cashier.
German National Bank,
LITTLE KOCK, ARKANSAS.
Capital (Paid tn)
-
-
-
«20U.000
-
gaXtlmorje gauUet:s.
Robert Garrett fie Sons,
BANKERS,
special ^ttucstmcnts.
No.
T
Prompt attedtion given
to collections
^ ,.
Correspondents-Bank of New York,
and Alliance Bank. London.
olal matters.
and all
».
&
Wilson, Colston
BANKERS AND BROKERS,
INVESTMENT
ALBERT
SOUTHERN 8KCURITIKS
Correspondence solicited
and Information
Qisned.
„ .^
N. y . Correspondents— McKlm Brothers
Wm.
&
Fisher
BANKERS,
a
YORK AHD
ALSO,
Dealers In Itlnnlrlpal, State, Railroad
and United State* Bouda.
Minneapolis,
Sons,
ginia Consuls, Ten-forties. Deferred and all issues
of the State, and to all classes of Soulbern state.
Ity and Railway Securities. Correspondence so.
'
elt i»d
^outhcrtt gauUcrs.
B.
it.
BcTBacBS,
First
Pres't.
A. K. WALi^KIi, Caanier
National Bank,
WILMINGTON,
Colleotlons
made on aU parM
Choice .Mortgages on Im-
nVeSimeniS. proved city property.
Iv-..ror«-t-»-<(=>t-\t-c
and
BALTIMORE, MD,,
Mmn.
Special attention given to
Collections lUid Remittances on day paid.
Collections.
Bank and
other Stocks Bought and Sold.
CO., Private Bankers,
BLAKE &
,
BOSTON.
and 2dB.'
.
.
Iiivestiuent Securities,
32 SuOTll STllEBT,
OppoBiri SECOND St
"
lata
E. HACHFIELD,
No. 5>a Pine Street.
rtr*
«
* Co.
Dealers In Government*, Stocks
And
CONGRESS STREET,
NF;W
and
•pedalty.
^
BOSTON STOCK EXCHANGES.
Rome Watertown & Ogdensburg
Oswego St Rome Ists.
Southern Securities.
Bare Western Union wires In their otBces, bj
means Of which immediate communication can be
bad with all commercial points in the country. Bs.
pecitti attention given to purchase and sale of Vir-
Estabrook,
BOUGHT AND SOLD.
WANTED:
BALXIMOKE.
flnan-
BANKERS,
MEMBERS OF THE
Co.,
Members of Baltimore Stock Exchange,
-,-
Cobb
&
Investment Securities
TRANSACT A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.
-,.
New \ork
^uflXatia gaixUcrs.
Brewster,
SOUTH .^TREET,
BALTIMORE,
TOKONTO, CANADA.
RO. 86
&
Keleher
F.
P.
1S71.
4>^ to 10 p er ftent. for wale.
SOUTH THIRD STREET,
I
Street.
Promptest attention paid to oolleotlons payable In
»ny part of Canada.
. .,
Approved Canadian business paper discounted at
the Head Office on reasonable terms, and proceeds
York.
New
on
draft
by
remitted
^cw
ROBKBT M. JANNKY.
M. Shoemaker & Co.
,
Lombard
ESTABLISHED
_,
Prompt attentl4>n «lren to all hnslnesi* in our line.
N. Y. rmtUKSi'ovDKNTs.— Inii>i»rters' & Traders'
National Bank and Nutiuiial Hiuik of the Kepublic
Bt. Catharines,
&i
n ALLAH. TKXA8.
Wall street.
CHESTNUT STREET,
»678.000
HOWLAND, Pres't.
HEAD
Transact a general Financial aod Agency Business In
the State of Texas and Europe.
C. K. WBLLBSLKT,
Mew York Correspondents:
General Manager,
BLAKE BR08. &. Co.,
PHIlADEL.PniA.
*1, 500,000
SVRPLillS,
8.
Mortgage
COMPANY LIMIIMD.
(OF LONDON, ENGLAND),
Gerlach,
Shoeuaksb.
No. 134
Imperial Bank of Canada.
H.
&
&
Texas Land
BANKERS AND STOCK BROKERS,
and other banking business trans-
(paid np),
Oariplina Kailniad. for sale.
,
V\
^.tTrK^I^Ii!"-!^"™"-
CAPITAL
RICHMOND, VIRGINIA.
PHILADELPHIA.
LIMITKD, available
President.
hcott. Vice-Pre8*t
Virginia Bonds funded under the Funding Act
passed by the last Legislature, for ^ per cent commission.
New North Carolina 6 per cent bonds.
secured by lien on the State's stock in the North
Orders executed by private wire In New York, Bos
ton and Baltimore.
,_
„
^
Drafts issued on all principal points In the Dnited
S'-atesand Europe.
Jos.
NEW LONDONin JktheBRAZILIAN
Braiils, Klver
China, Japan and the East
BRANCH,
FitKii. K.
SSlcstcvu ^aulicvs.
No. 322
Jos. M.
Cash.
P.
&
^cnnsijluauia glaiiUcrs.
I9»ne1ln Po'ina\,%S'';K
'^CIRCULAR NOTES
CO.MJIKKavailable In all parts of the world.
for use in burope,
CIAL CRKDITS ISSl'KD
Also.
aiid
est Indies
Southern points on best
all
JOHN
186 Middle Street,
Narr
WALIi STREET.
made on
TnOjMAS BRAi\CII
CO.,
BANKERS AND COMIIISSION MERCHANTS.
4,
Dealers In Government, State, County. City and Railroad Bonds, Bank Stocks, Ac.
T^eslmhlB Invfl'^tinent Securities eonstjintlv on hand
North America,
BBNJ. A. BOTTS.Preat
prompt returns.
:
JOHN F Glenn,
BANKERS AND BROKERS,
OF
Buy and
Collections
terms
AND BROKERS,
BANKERS
WEEMS. Cashier.
B. F,
MERCHANTS' NATIONAL BANK,
RICHMOND, VIRGINIA,
Swan & Barrett,
AGENCY OF THE
No. 62
Baldwin. W.
Mclihenny, B. F. Weems.
61 "Wall Street.
HENRY HAGDBt
British
No.
Botts, Pres't; F. A.Bloa,
B. Botts, Rob't Brewster, 8.K.
C. C.
MEMBER OF BOSTON STOCK BXCHANGH.
The New York Agency buys and sells
all
DiHECTORS.— Benjamin A.
BOSTO.V MASS.
General Manager.
Texas.
give special attention to collections on
accessible points.
COMMISSION STOCK BROKER,
BANKERS:
B.
We
Dealers In Commercial Paper, GoTemment and
other arst-clasa Bonds and Securities and Foreign
Bxotaange.
Private Telegraph Wire to New York and Boston*
IXINDON, SNO.—The Clydesdale Bank (Limited.)
HEW YORK— The Bank of New York, N.B.A.
JOHN
& Co.
-VTEYBOSSET STREET,
PROVIDENCE, R. I.
£2
Assistant General Manager.
Mew York Asency, No.
CAPITAI/, $600,000,
Houston,
BANKERS AND BROKERS
President, ANDRKVV AI.T.AN, Esq.
Vlce-Presidint. KDBKKT ANDERSON, Bag
GBOROB HAGUE,
THE CITY BANK OF HOUSTON,
Samuel G. Studley,
$5,700,000 Paid Up.
$1,250,000
•
•
;
CHABLK8 H. SHBLDON, JB,
J08HCA WlLBOUB,
Benjauim a. JACKBON, WUJUAU BIKNIT, Jb.
OF CANADA.
Capital,
Be8erTe,
Special attention paid to collections, with promnt
remittances at current rates of exchanfie on day of
payment. Buy and aell State of Alabama and City
of Mobile Bonds.
Correspondents.— Bank of the State of New York,
New York Louisiana National Bank, New Orleans ;
Bank of Liverpool (Limited). Llvenxtol.
Dealers in Municipal. State and Ballroad Bonds.
ieenta
ALABAMA.
mtOBILK,
Co.)
ft
No. 40
General Manager.
NEW XOXK OFTIOB,
59 & 61 WALIi STREET.
Sw»iT
(Formerly CHA8. A.
BANKERS AND BROKERS,
P. O.
7
Box 320.
Mlnnna polls, Minn.
Safe Investments.
PERCENT BONDS and MORTGAGES
NEQOTiATKD BY THE
First National Bank, Corning, Iowa.
Choice first mortgages in the best Farming D's'rlots
Interest
in Iowa, Missouri, Kansas and .Nebraska.
paid at your own home in N. V. K.«liH.ige. 1 "•elyo
lnvesU)ra
I'nvate
for
loaning
in
experience
reaf'
giving full Pariiui Trust funds. Send for circular
ticulars as to loans, references, elo.
S£A%"'o"lfS'^To"i5,W^r:
LkW
E.
Interest
from
DABROW,Pres-U
N. C.
of the United 8t»tei
'SSitl«-5iSorLK^%hi^ii^!.-,IIUno..
-
:
May
THE
80. 1885.1
()U\
I
CLE.
N
I
i'cgat.
^'OTI«
I
of
1,1
)
I
I
I
K
mill
Hiid nil
3l.'.:io
ehUe,
M
.-\
I
I
our
U«
"
!
W
\
'I
'
^
I
'
I
luiiil. Ilio
\
1
I
A soeond
pru|H-rty.
f)t.
Irfiuls
lips nil.
MoCor
In liiri<l)V Elvi-ii ihnt r, J. M.
t4|>i'< III MiMi< I III ( liiinnry, iinilur iiiiil by
virtue I'f II cfriiilMirili'r uf mil<> ImmiwiI out if tlio
OlmiltCmiit lit iIikUiuiwI Sliitoii fortlio NnrlUcrii Dl-irli't iif IVxan, illiTrlfil iinil i1i11vim«i1 Hi
Notion
A.
|>nK'i'Cil
|i>
nil
iit
luilillo
aiullnii
A
.
St.
of the T.'xns .t 8'. I,ouls Kiillway Comin Texas and Its property as desoilbud
and
In said decree;
W/ierem,
h <ld
111.'
Special Master has
made
bis iiiiplUatiiin for such order of sale, now,
therefiire. In iiuisuiuiee iit said tluul decree, I,
J n. l''ink». C.erk of the Circuit Court of the
United Siaie.sfo thcNoilhern Ills' rict of Texas,
at Waco, do hereliy Issue the fnUiiwluK order of
the ai'ovo entliled cause, to wit You
»ale
are hereliv orileiid and directed to seize the
Texas A St. Ijouis Killw.iy. estimated ti bo
S15<6 milesof couiiileieil railroad, with its Eastern tenninns at Texarkana, and its Western
terminus at Ontesville. Texas, totteiher with all
Ita propeily. the falil raiir.iadaml property now
in |)oesis-fiu of 8. W. Fordyee, Kecelver, appointeil iu the sb.ive eiitiiliHl cause liy this
Court, and e\e ci^iox said trust. And after jriviii(f at least CO An\ s' u. tiie of the lime and place
and terms of such sale, and tlie epeeltlo iiropeny
tobesold. i"iilili.ihiiiK mcU notice iu two newspspeni lithe city of Tyler, Texas, and In one
newspaper iu iho city of New York, you will
proceed to ^ell at public auction iu the city of
Tyler. Texa/', all and eiuKUlar the lands, tene-
m
:
ments and ben ditainents f the said railway
rorpoiall'in, InolndiiiK uU its railroads, tracks,
right of w ay, main lines, branch hues, extenI
aiuna. sidtUKS. superstrui tuie-i, depots, depot
grounds, statiou houses, eoKluo houses, car
ouses, fieljcbl houses, wood housei, sheds,
waterinar places, woi Ksliops. machiue shops,
bridges, viaducts, ciiivms, fences and Hxtuics.
•with xll its lenses, leased or hired lauds, leased
or hired rallrcaila. and all its locomotives, tenders, cars, eairlages. eoticbes. trucks and other
rollliiK stock, l,s luachiuery, tuola, weigblnK
scales, t'lrnialil' s. rails, woid, coal, oil. fuel
equipment, lun.liure and material of every
name, nature and description, toneiher with
all
tbe corporale rit.'hts. |irl> lodges, Imniuultleaand
franibises of saM railway enrporatiOQ, including the franchise lobe » corporation, and all the
toll«, fares, fieight*, rents, lucomes. Issues and
prollts therei f. auu aU the revcri-lou and reveraious, remaindi r i:nd reniaiuders thereof, exceptlotr, Uo«ev i, aud r< hcrving from the Hen
of said nioi igagu uiider which this sale Is made,
all land grants, lanil ceitlncatej aud lands received liy said eoi'imiatli'n. as well as all lands
acquired by doi ataiii whl, b are not actually
occupied and Iu u-e by ii, or necessary to the
opeiatiiin and main eni'iicc ot ita liues of road.
Tbe said enllie SlSSj miles of railway, together
with all the rolliug ^tock and pioperiy as bettinb 'fure described to be a dd as an entirety.
The sale of .-ai.l railw.iy and property is iii ide
in forei'losuro and satisiaciion of the fuilowiug
lien a thereon, aa described Iu auld tinal decree,
to wit:
I.
A
flrst
morCgaffe lien exocuted to
and Henry
(1.
Marquand.
'rruiitees,
Henry Whelen
June
1,
A.
LI.
IStW.iin '^Wi miles ol said riillway.und all Us property
fn>m Texarkauu to Waco, to secure $S.()0J UO of
first niorlgn(;e liotKl.i upon each mile of completed
rtiad, to wit; $'4i.l".;M,i)00 00 Willi interest at B per centum per annum rrom the Issue and delivery of said
bonds, tbe saine decreed to l>e a. first lien upon 1261}
xnlle.4 uf said railway and property as aforesaid; also,
St.
atlrst niortffaKe liencxeculid by said Texas
IjouLh Hallway To. luTexa.s lo IheContral Trust Company of New York, 'I rustee. August 1. A. t) 1H81, on
tbe entire railway ol tll& -5niile.s, and all its propectT. Insecure its " ucnerut first niorttcuKeslx percent
forty-yea- Kold Imnd.'i" tor Jl.oouofl eai'li, bearing six
per cenl intercHl, tlie Intereni beKinulng to run June
1, llWl. *l.Si;.lHiUIK)of saldliondsUuvinK tieeu ls.«ued
and Dow oiit''tiindiiiK the uniouiil autliorized, ^12,OoUOO. lohe issiH'il to each mile of completed road,
niaklUK <<I:^>.(Klonu issued upon 4w:t-5 miles of said
railway from tilt, end of mii gt)6 miles to (iatcsville.
decreed lo he and to hold
Tcvas, and said fi'i .000
a brst morttfat:e lion on said 4l*:t-5 miles of railway
and proin'rtv.and the halanceof said ?l.H17,0iHHI0,io
wit: f 1,1117 ooo 110
S'lied upon said ;iliO miles of laiiway and proporty. was decreed lo hold a tiiird mort
Kage lien iinly on said iitMt milesof railway and properly; hut iiiasmiK-h as the same were issued under
the same deed of trust unil intended to hold the
same lieu as the f tWO,tHIO o . an.l were sold and delivered wllhoiit nolle., to ihe |iureha.sera of any distinctive difference between the bonds, they In fact
being of the s line series, it was adjudged and decreed
that the l.luTUoiids mid tlie IKO liouds should be
placed on the name foottin.' itnd eulltled to the .same
equities, and are dcen-ed to share in tUa proceeds of
Ute lale uf 'Ul U-0 luileg v( riUIU'uy oiul property uiKui
&
i
III
.id
mort-
New
of
1.
IK
line ot
Ann.
.iui...l
due anU
INHI
pa>
'.?i«l
ni
I».
are
Its
btinda
.'
n ean.eil,from
.
.11
st
oulBlun.lliiir,
lallwayand its
decreed to b«
I,
.'
miles of said
.nich «» the said
at the same lime
.'i
.
iv.ti'
n,
ih.,ii,.,i
under the same Hen of the same series, snd wlihout
notice to the puri-hasers of any difference herein,
the said ti.«l7.n()
^ a,-,
i
tosh u-,- m ti... nr...
I
i
ceed» of 49 :i-.'^ mil
age as the 40 8-5 n
of railway and it^
In tbe terms of sale.
.
:..,..,...
I
Thctormsand
s
..-d
Geo. H. Prentiss & Co.,
No. 49 WALL MT., NEW VOHK,
AMD
ao8 noivTA»i;B ht.,
i.l
propertv as
Mer, are as fol-
1st. The sale shall tie for cash, and the purchaser
at the sale shall then and there piy over lo the
Bpect.l .Master the sum of fTQ.OOO In cash, and the
remainder of said hid up
.onllrmatlou of ibesalo
and delivery of tlllo. as hereinafter provided.
2d. Upon delivery of t II le the purchaser shall pay
In ctish or debentures and .'lairas ordered to bo paid
by this ourt as a prior lien to the first niorlKage
bonds, such sum as may lie as.;ertained by the .Master .sullli;ient to pay off and satisfy -U costs, expenses, dishursemeiils. fees of atlomeysantl solicitors,
all debenliiros Issued or paid out, or that may :.e
issued and paid out, and all claims now adjadKcd or
that may hereafter he adjudtted under the orders or
decrees of (his C\iurt, to be entitled to be lirst paid
and satisfied out of the proceeds of sale before the
mortgage bonds, and If any claim remains unsettled and unascert Ined at the date of theeonfirinatl n of sale and delivery of title lo the purclia-ier,
which should be snd may afterwards he adjudged to
be entitled to ho tlrst paid out of the proeeeds of sale
before the salil first inortKaj;e bonds, and the ciish
paid in shall not lie siifficU'iit t.i pay off the same, the
said da in or claim-, shall he and are hereby decreed
ti> he a first and prior lien on said railway In the
hands of the purchaser, and may be so enforced by
the fu ther order of this Court.
Sd. After fully payinj: otT said claims entitled to bo
flrsl paid >iut of the proceeds of sale in cash before
the first niortgiiKC bonds, the remainder of said hid
may be paid in flrst morlBajre iKinds hereinafter ascertained to be a Urst lien on said railway and pnperty,
and whereas 12.128,000 of first mortgage bond< were
issued upon and hold a first lien on 200 miles of said
railway and property, and |d'2ii.iHiO of the general
first morti^aiie bonds weie Issued upon ami hold a
hrst lien on 4. 3-5 miles of said railway, and ^1,197,(00 of said Kencral first mortgage bonds wnre issued
under the same deed of trust and upon the whole
line and entitled to phare In tbe proceeds of sale on
49 3-5 miles of said road equally with the others,
making *I.S17.U(iO of said bonds equallv entitled to
share In the proceeiis of ssle of 49 'd-ij miles boldln^i a
flrst lien thereon, subject to the prior payments here-
UAS SECURITIES,
Street
inbeloro provided.
If Is therefore ordered
and
directed that the remainder of said cash bid,
after the aforesaid
p.iyments entitled to be
flrst paid, be divided
into two parcels In the
proportion and on the basia of the mileage of
the road sold, the total line of road sold beinir
315 3 5 miles, and s.ii.l bens of said first mortga^re
bonds, lo wit: the Hrst mortgage bonds belnu on '^W
miles and the general ft. si mortgage bondu beinir upon
49 3-1 mill's, the remainder of said bid shall be divided so as to set ofr',il'i«/3n;j-5of said amount J
and 49S-5/31J S-r> of sai. amount $
.and the
pureb.iser may pay said sums in said boniN rci.ectively, Ihe larger amount may be paid In s:iid ?-^.lJS.000 of bonds and interest pro rsta accordiUKly as the
percentage may be. and the smaller amouiit'may be
p id iu the -sa'ne manner by the 91,817.000 aud interest of the general flrst mortjrajie b<»nds pro rata accordinjily as the percenfaKC may be. and If any p.irl
of said bid remains unpaid after the applical.on of
payments hereinbefore provldetl. the same shall be
paid over to the .Master In cash, to be hereafter
distributed and apportioned accordlnif to the equities as estanilshed and ilefermlned bv f his decree.
4th. It is further orderiKl that thesaid Special .Master is atithoriired ami directed. In the event that tbe
sale advertised at the lime and place shall for any
good and siilbclent cause fall to be made on the day
numcHl, that tbe said sale shall then and there be postponed by the said Speci;il .Master, or some person designated by him, and to he postponed in his name and
authorllv, to u future day, not exceeding thirty
by his......
y^ ..
days tiiereafter, hiiU satd pt)8iponeiiicnt shiill
be
piibltshed in at least one noirspaper In tlio city <>r
Tyler duriiiK said Hfljnurnment of R lo, in udditiun to
t)ie verbal notice given at the Lirae and placu of adJotirninx ^^aid sale, and the ^^a'e »h»1l be made on the
day to which It i8adJoume<1 as h(»rpin before directed.
And after the SHle. imrmctit of the piirohaae money
•'
t .and contlrmaas direcied, rtp>rt '
—
I
...
'
i
.
'
•
.
.r will make
inple of the
i>uri-hnt»er-H.
r
(>»
which title shwll hu l ft* uf u
he a perpetual bar to idl
re(!eriii>f on '-r nnr fliili
i
stiiill
"''•
'
'
'
'
and
:;tit'S, <»r
-
-'-y of
.t tothe
nation or
.
n
:';iM>mv
it
(m
said purehjiser or
'o see that the pur-
':•>
'
Boad*
Kticoa or
BROOKLYN SECURITIES
DKALT
IN.
8EB OAB QUOTATIONS IN THIS PAPBK.
810. H. PBIKTIBS,
Member
W. W.
WAL»
N. T. Rtnek Uxotiaiw*.
TUB
Kansas Loan & Trust Co»
TOPEKA, KAN.
T. B. 8WKBT, Pre».
UBI). M. NOBLB,
Is tbe oldest and lanrsst
b
InstltatlOD la
Instltatloo
Id ffnnwT.
KbrlDK ezcloslTe attention to tha Negotlstinc of
CnOICB FIRST MORTUAGH L0AN4 at hlzh ratM
Of interest. It has negotiated orer S7*000*pO#
or these loans tor Sarlivs Banks, Insormnoe Companies, Estate! and prlrat* pkrtie* But., aaiidtor
circular.
I IV
We
VESTM E
>'
TS.
hare coDstantly on hand a line of choice and
selected County. (Ttty, Hcfaool and other Mnnlctpal
Bonds, which we have purchased after a strlc InTcstlKatlon by ourselves and also by able leical oonnacl.
Inve.4tor8 can rely upon securlnft from us
strictly first-class and safe investments.
Done bat
I^Ma fur-
nished upon application. Mortgase Luaoa <m reil
estate furnished in Illinois and Indiana,
W. H«RRIS
ST.
Montauk Block,
First
&
CO.,
Monroe Street, adjoinlnc
Naliunsl Bank BulldlQK,
115
,t
117
CHICAOO.
NORTH-
WESTERN
CtTTAWAVrPl?
wUAKAWltl-
LOAN
I
i
BankluK Huu«e of NEHKBd; t^AKPKNTEK, Troy. .N. V.
Kutahu.heil 1.^'^!.
Ke..rvanlzed
IHflrt.
F:a.*tern Keiire»enlatlTe»
of the N«)KTil\VK.«lEKN
tUAKANTY
.Minneaii'iilH
I'f
MIAN CO.
Minn,
-uthor-
f.'.OOO.OiO. .P»'d
Paid up
lied eBpilat,
pual. f-.'>"0.0'.'<>capital, taM.uiHi.
Heal Kstate
Mortiraires worth from two to
amount of morttf to
per
Guaranteed bjr Co. Intereet
parable at oar Banking Uouse.
four tloies the
gatfe, nettuiii Investor,
COMPANY.
et.
TnE WESTERN
Farm Mortgage
Co.,
LAW^RENCB, KANSAS,
Offers to Investors the beat secarllies In the
market.
FlKsr MOKTtlAGB LOA.SS UPO.N IMfKOVSU
FAKMB. Interest and principal paid on dar of maturity iu New Vork. Funds uromptlj placed. Largv
exuenooce. No losses. Send for eireular. refefeooee
and sample forms.
WAU.NE,
F.
Vlco-Prest.i
M. I'KUK
1..
11.
CllAS. W. GII.LKTT. Treas.;
I'l i.ldent; J. T.
I .S ^.
l-KUKIN.-*. Seoretarri
.S. F. II
T. Aadltur.
AK
Farm Mortgages
f
tlo"
a dfood and m\f}j'
property so sold
Railroad Stocks and
Aim ALL
flrst
thereof,
hhooklvi*.
WAS STOCKS
condition., of the said sale In fore-lid bens In and
closure and satisfaction ...
upim said SIBS-.I miles
decreed to be sold to tli
lows, to wit
e<^4iiif
jmi cstmcntg,
jiyectal
f.iurlh m.irl-
,
I
railway an.l
entire fl.Hir...
tion
•./iiiH',
I>Af i,Aa,T«xiv. Ma>
Bl'TI. r.H. HTII.I HAN \ ki, ..i ,, ni.
IILUMHIS \ !\A1N,
S. .lb-It. .fn for rompUinant,
ti,-
..
propertv. ai '
a second
A.
1,
i
m.irlKiwe hind grai.
eai'h. Iiearlnu "Irp.
(HI
f
1
tlo'
tirsi
n
r
(
in iNMMWVHNluf
I'orty to lH<«.dd.Bi.
WlJl |>«KlTfti
•n
*
York, 'tnistee
on the eiiihe
f,^
MiTciiioiy
••''
»;,
;;"
liage lien uiion snirt
Waco, on the il.lil dny f
ami (liivelinn the elerk of said Court,
upon a|i|iitcatli>ii of J. M MeCorinlek, Special
Masler iipiiiilnied In aalil cause, to Issue au order
sill'-
-
"
lien neeuted by the Texas
In T.-ins lo the Central Trust
KIT.OiKiOOof ulil bonds.
of which »t.lir7,(K)oooae.
l>intrlet of Texas at
A|iill, A. D. lS(-5, or-
i«lf«ff
— f'
Ill
i
June
deiini;
of
I
tln«l
second mortgage
Louis Kallway o
INSl,
.
pany
•
,i.l.>,l
'Hmf
Company
,
r-SiSSt
I
general
United Btatcs Clrpnlt, Court.
Koi thrru UUtriot ot Texa«, at
Waco.
The Prcoldrnt of thi' llnlicil Staton of America,
lo J. M. MeCoriiilok, Special Master.
Wnerea$, A tlnai dopree w»b made and entered
In the i-auso No 14. chanciTV, the Central TruHl
Ooiujiaiiy of New York, TruBtee, Ooniiilainant.
I,iml« Kiitlway CiiiiiiniMy in
v». TexHd & 8
Wcfenilanti'. m the Uiiit*il States
Tvxhk. ct (tl
i
\\..\-
'f'
wise;,.;
«««« 111
Flfili Clroull tuid
Norihem
.
thi Ti xss .V
uiJ. V* Phi
Jnr
for
for the
v
Comi
llnllwar
Alnritniiii
I
plalnaiil.
tba «(?•( filar.
•pe.
1
by all iMii»ons de*ina.«
!
II.
-
cent
cofh. Ill fore tlii' 0"nrt-li(iui<i> door In tho ilty ot
TjliT. Smith Coimiy, Tfxnii, on, to »lt. tlio
foiirlli iliiy of Aiixui-I. it 1mIm« the llrst TiUHday
In Aoifui-t. A. 1). 1•H.^. iH'twfiMi lOii'rIoik A. .\1.
aiiil 4 ii'i'Uirk 1". M.. »ll thiit curtuln proiicriy
(Irsrrltied in the fnllowlnif ordiT of Bale, ami
upon theUrmaaud oondlilous named tborolii.
Circuit
inortgntin
II
morl
mirk
nie. will
(
of • imiralod m
mileaas horalnafi
isia
I
ruUiutf aiuck, fiau-
of $100 and Upwards oa ladiana and Obio Lands*.
PRIJMPTLT PAI1>
SOTHI»0 8AFRB. ALWAVH
BKNU PUK PAMPIiLBT.
JOS. A. mooitB,
g4 K»lat Uf Tttg* St.. lli<l«W|»Oll». f»<
In
Snms
1
NViiiie^-s
ih*-
il'
,
.lustlceof llieSui
and the seal of th.
this ilthdayt»f
Mny.
:
^
.•,
Chief
tite.-*.
Wacu,
•<>
<
'•- >i-iii •>! <><o i..tii].-itfhteen
hundred and eiKhty-tive and uf Ameriuan uidependeiico the
ll>
S.]
IWth
yt-ar.
J. It.
KINK'^. Clerk of HAldronrt.
A ^ehedulc and inventory of all the pn»peity described tn Hald onlt>r t > bo Hold un the Ith of Aii^'unt,
I8S0. wtil bo tiled in the omee uf the Clerk oi the
United States Circuit Cuurt at Waco; also tn the
office or Mesars. llvraUQn A CHio. soUcltora fgr vum*
H. L. Grant,
No. 146 BBOADWAT,
NKW TOKK.
CITT RAILROAD STOCKS * BONDS
BOUOHT AND SOLD.
Bm QaoUUoa* of Cttj Hallrowls la this
i
.
THE CHRONICLE
VI
WiuviVitiKX.
^}yjex;iaX Ittxrjestmctxts.
NOTICE— To
Attractive
Notice
invested in the Western Cattle-Raising
Business has prored, under proper manasement,
very remunerative, paying from 15 to 25 per cent
yearly dividends.
Somerset Ranch & Cattle Company's Stock for
Bale, par value §5 per share.
24 Nassau
New
St.,
Broker,
TSew Ifork.
England
Mortgage & Investm't Co
Incorporated.
Offers
Capitax, tl60,oeo.
carefully selected Iowa and Eastern Kansas
Mortgages. Interest B to 8 per cent. Security
three (3) times amount of Loan, Also for sale 6 per
cent Debenture Bonds, secured by three (3) times
their face value in Guaranteed Iowa Mortgages. All
security personallv inspected. For particulars or
BNULANU MORTreferences address the
GAGE & INVESTMENT CO., DES MOINEa, Iowa.
Farm
NEW
F.
H.
M. Mills, President.
J.
RANSOM. Cashier.
Merchants' Nat'l Bank,
DBS nOINBS, IOWA.
CAPITAL.
$100,000.
Prompt and
1>ondence.
careful attention given to all corresCollections made upon favorable terms.
E.
Bailey,
S.
5% FINX: STREET,
DEALINGS IN
INSURANCE STOCKS
A SPECIAI<Tir.
once for the above securities or they
will be sold on commission at seller's option.
Cash paid
the Creditors of the City
Choice Investments.
at
;
%nUxtstr §iioi(izn&Sr
SUITABLE FOE TEUST FUNDS.
hereby given, That bonds for the adjust-
of the City of Elizabeth are now
ready to be exchanged for the unadjusted bonds and
obligations of the city, at the Mercantile Trust Company, No. 120 Broadway, New York.
Adjustment bonds, bearing four per cent interest,
will be issued for fifty per cent of the principal and
interest of the debt, calculated to July 1, 1882.
All parties who exchange on or before the 15th day
of July next will receive six adjustment bond
coupons, being twelve per cent accrued interest since
July 1, 1882— the date of the adjustment bonds. The
payment of this accrued Interest will be extended
for twenty years, and bear interest at four per cent.
ment of the debt
Money
HUGH PETERS,
is
Set.
the issuing of bonds.
in anticipation of
on adjustment bouds Ueretofore
issued lias been paid promptly.
terest
Full information, together with copies of the
statutes and ordinances under which the settlement
Is proceeding, will be furnished upon application to
the Mercantile Trust Company, or the undersigned.
ALBERT B. CARLTON. Comptroller.
Elizabeth, N. J., May 20, 1885.
Phelps Induction
Telegraphing Company.
The undersigned offers for sale a limited number of 6hare.s of the stock of the above company at a low and uniform price. This company possesses the only practical system for
establishing telegraphic communicntiou to and
from moving trains, and is highly indorsed by
railroad managers.
is
NASSAU STKEET.
No. 21
WIXSLOW, LANIER & CO.,cornerof NasNew fork City, on and after
t.
1885:
ENTRANCE
County 4J^.
County 5s.
Mineral Range Railroad Co.—
First Mortgage, 83.
Pittsburg Fort Wayne & Chlcaeo Railway Co.—
2.
JUNE
3.
JUNE
4.
Wabash County, IndianaGravel Road tJs.
08.
B O ]V I>
1,
(INCORPORATED
45
JUNE
JUNE
9.
10.
Tipton County, IndianaCounty 78.
Warwick County, IndianaFunding 6s.
JUNE
12.
Gravel Road
6s,
JUNE
25.
JUNE
30.
Miami County, IndianaGravel Road 68.
B. Hakhis, Jr., Agents),
61 Wall Sthekt, New York, May 29, 1885.
Notice is hereby given that the coupons due June
Ist next on bonds No 1 to 2.400jinclusive, issued by
the Manitoba & Northwestern Railway Co. of Canada, will be paid in London, England, or on presenta
tion at this ofiBce, at option of the holder.
'pHE PRINCIPAL ANB INTEREST
MARION
"*"on $400,000 7 per cent Bonds of
COUNTY, Indiana, maturing June 1, 1835, will be paid on
and after that date at the banking office of
SPENCER TRASK &
CO..
16 & 18 Broad Street, New York City.
A DAMS, Auditor of Marion County.
OALLATIN NATIONAI. BANK,
THE
Wall
No.
New York,
on and
y6
Street,
BROADWAY,
N. Y.
7 Per Cent Gold
Mortgage Bonds.
We have on hand a choice selection of Seven
Per Cent Eeal Estate Bond and Mortgage
Loans. Principal and Interest payable in
Gold
Oyer Seven Million Dollars negotiated ivltliout tbe liOss of a Dollar.
Call and examine or write for particulars.
MORGAN & BRENNAN,
27
Managers,
CUSTOM HOUSE STEEET,
PaoVIDEVCE, R.
I.
The Corbin Banking Co.
115 Broadway, Netu York.
AXD 8 PER CENT FARM MORTGAGES,
have invested in them through us.
are prepared
to demonstrate from the records of a business extending over more than a quarter of a century that
these mortgages are as safe as State or Government
bonds, and arguments in opposition to them, as negotiated by us, will not stand for one moment in face
of the overwhelming proofs which our records
afford.
Contingencies existing in almost every
other form of investment are lacking in these, and
while we do not pretend that they are the only safe
securities to be hart, we do say emphatically that
the combination of as great safety, and nearly, tf
not quite, twice the income obtainable from suca aa
we would place in the same class, render them decidedly attractive. Had they not proven satisfactory to our customers during the piist twenty-flve
years, our transactioES in them would have scarcely
reached the enormous proportions which our records
disclose.
invite all whose attention may be attracted by our advertisements to this form of investment to call and investigate for themselves before
deciding that our claims for these securities, strong
as we make them, are not based upon a solid foundation.
THE
Dayton& Ironton RR.Co
FIRST
$500,000
Moore
&
Schley,
MEMBEBH NEW YOEK STOCK EXCHANGE
SECDEED BY SPECIAL TRUST GUARANTEE FUND
26 BROAD ST., NEW^ IfORK.
for the acceptance of trusts created by Will or other-
(Henry Hagck. John
J. C.
BOSTON.
TRUST DEPARTMENT,
AGENCV OF THE lUERCQAIVXS'
BANK OF CANADA.
^
ST.,
Trustees under Mortgages of Railroad and other
Corporations, and Fiscal Agents for the payment of
Bonds, Coupons. Dividends, &c.
Tippecanoe County, IndianaCourt House 5s.
Wabash County, Indiana-
miLK
1879.)
CASH CAPITAL,
Vermillion County, Indiana7s.
BROTHERS,
KOIIJ^TTZE
120
CO.,
N. Y.
ST.,
MORTGAGE 6 PER CENT
FORTY-YEAR GOLD BONDS.
By the provisions of the charter, stockholders are
ISSUE, $1,700,000. LIMITED TO $11,000 PER MILE
liable for an additional amount equal to capital stocfc.
ARE OFFERED FOR SALE AT PAR AND INTransact a General Banking; Business TEREST, AND FULL INFORMATION WILL BH
Legal Depository for Corporations. Administrators
GIVEN BY
Executors, Trustees, Guardians, and Courts of Law. The Corbiu Banklug Co., New ITork*
INTEREST ALLOWED ON DEPOSITS, subject
IS. RolJins Morse A: Bro.. Boston.
to check, or payable at specified dates.
to 40.
Randolph County, IndianaGravel Road 6m.
White County, IndianaGravel Road Cs.
County
BEOAD
We
5.
Greene County, IndianaAnnual 68.
Principal Bonds, Nos.
S.
Trust Company,
Fulton County, IndianaCounty 6s,
JUNE
& Pine Sts,
PINK STRKKT,
International
Wabash County, IndianaGravel Road
No. 11
IN
Mortgage 78, series *' F."
Second Mortgage 7a, scries ** M."
Charles Street Railway Co. of New Orleans.—
First Mortgage 6s.
JUNE
Fiagg,
Cor. Nassau
BROKERS AND DEALERS
First
St.
&
Reed
Duncan Building,
Gravel Road 63.
Marion County, Indiana-
18
We
Wayne RR. Co.—
Mortgage 7s.
Howard County, IndianaFirst
&
16
to 40 per cent of their value are the best securities
obtainable, is evidenced by the success of all who
sau and Cedar Streets,
Allen County, IndianaGravel Koad. 63.
Cincinnati Richmond & Fort
TRA§K &
SPESrCER
That properly-negotiated first mortgage loans upon
improved farms in amounts not exceeding one-third
INXKRKST ON THE F0LIi01¥TWiM
payable at the bankinR house of
ING bonds
June
Cts.
TOR SALE BI
The annual tax levy must be made in the latter
part of July in each year, and no tax for interest can
Bonds amounting to Tn'o millions
and a Half of dollars bave already
been refunded on tltis plan. The in-
Pr
City of Oiualia, Neb., 5 Per Cents.
time iimiied above.
be levied
Per Cents.
City of Minneapolis, Minn., 4)^
No accrued interest on Adjustment
Bonds liereai'tcr issued n^ill be funded,
unless tlie cxcliange is made Avitliiu
tlie
Ind., 4i^
Marion County,
7
Messrs.
XL"
I^iixatxcial.
of Elizabeth.
Investment.
jr.
[Vol.
will,
after
Monday. June 1 next, purchase at par the coupons
maturing June 1. 1885, on the Consolidated First
Mortgage Bonds of the Rochester & Pittsburg Railroad Company.
A W. SHERMAN, Cashier.
wise, and the care and management of property and
estates.
Every facility offered in all matters of a financial
character.
Private Wire connection with Philadelphia,
Baltimore and Washington.
DIRECTORS.
WILLIAM OLAFLIN,
CHARLES MARSH,
WILLIAM A. HASKELL,
JOHN C. PAIGE.
WILLIAM T. PARKER,
WARREN
CH/VRLES
R.
JOHN M. GRAHAM,
THOMAS F. TBiMPLE,
B.
POTTER.
JOHN M. GRAHAm,
HENRY
li,
TRAIN,
JOHN GOLDTHWAIT,
PATRICK A. COLLINS,
JE'lVETT,
Pres't.
Sec'y.
&
Spencer Trask
BankerSy
Nos. 16 AND 18
Co.,
Broad Street,
Transact a General Banking Business
Fifth
Avenue
HOTEL,
Madison Square,
IVEW YORR.
The Largest, Best Appointed and Most Liberally
Managed Hotel tn the City, with the Most Central
aAd Delightful Location.
HITCHCOCK, DARLING & CO.
Branch Offices:
Connected by Private Wiret.
PhUadelphla, 133 South Third Street.
Albany, N. Y., 65 State Street.
Providence, R. I., 13 Westminster St,
Saratoga, N. Y., Grand Union Hotel.
:
.
mmtlt
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRLVL AND COMMERCIAL INTERESTS OP THE UNITED
STATEa
VOL.
SATURDAY, MAY
40.
CONTENTS.
30,
NO.
1885.
1885, against 1120,650,000 for the corresponding
THE CHKONICLE.
ago,
and
after deducting double these ralaes
1,040.
week a year
from the
totala
Our Foreign Commerce
641 at that city we have 1341,290,574 and $416,884,183, respectively,
Tlii< I'liiaiulal Situation
636 Monetary
and Commereiai
as the exchanges arising through other buaineas, or a decroaae
111.' In ;i,iir.v and the Bunks.. t)33
EnKllsli News
613
h.tw-ti niiiinnati Iliimllton &
Commercial and MlaoelUneoiu
of 18 per cent. I^ast week the loss was 83*9 per cent.
Dayton
aearlng-House Beturns
63.")
!
|
I
Consolidation
610
Forolffn Exchange, U.S. Seouritlee. State
Bonds
Ballroad
anil
I
News
616
647
Commercial Eiiitome
J
I
In Prices at the N. Y.
Stock Blxcliance
Quotations
1
051
653
I
I
Wetk Xndint ItaySB.
and
Btookg
Railroad Earnings. .'.'!II.'""'
Quotations at Boston, &o
Investment and Railroad In-
648
619
650
650
tolll,!?cnce
THE COMMERCIAL
Cotton
645
"
of
Bonds
and
Bto.ks..
Rango
|
THE BANKERS' GAZETTE.
Monny Market.
TIMES.
Brcadstuffs
660
661
Dry Goods
188B.
New York
»47l,S77,»74
is
publMed
in
NeiB York every Saturday morning.
[Entered at tUe Post
Olllce,
Now Yorl^ N.Y., as second class mall matter.)
Terms of Subscription—Payable iu Advance
For One Year (Inoludlng postage)
For Six Months
do
Annual subscription in London (including postage)
Six Mob.
do
78.
8s.
do
do
Those prices include the Investors' Supi'Lement, issued once in two
months, and furnished without extra charge to subscribers of the
CHKONlCr.K.
Suh.'^criptlons will be oontinued until dcflultely ordered to be stopped.
piibllsbira cannot bo responsible for remittances luiicss made by
Dralts or t'o-st Offlce Money Orders.
The
A
nint
cents.
The
tile
cover
Is
furnished at 50 cents; postage on the same
Volumes bound
for sub.seribers at
Offices In
oflice of
with Missrs.
the Commkrci.m,
Euwauds &
and
iSl
is
18
00.
Ensland.
I'Inanciai,
in
Wn,LIAM
B.
DANA.
J0H.N O. FLOYD.
-41-1
(2,532,8(15)
(1.4483M)
(-54-8)
(«n,4aO)
(SMeOiCoo):
(40,8M,000)
(-S0-I)
-7^
|eS.779,«U
-1*8
4.oo8,tao
1,40B,18I
-«l-8
-8-1
(1,105,2001
(21,750,000)1 <t81-«)
CPelnUwn.M>Ui)
(48,33«,000)|
(56,288,000)
»09,31 1,284
$83,932,838
(215,400)
(357,100)
(-U1)
(-fiTm
(-84-7)
8,943,800{
4,06«.I00[
Hartforil
1,435.787
1,602,091
-8H)
-10-4
New Haven
l,053,8fiS
1,012,748
810,125
-tio-a
815,540
-18-4
T083W
-»«
-HB
800,809
481,773
-H-l
Portland
Worcester
803.088
705.903
783,524
443,218
Springfield
Lowell
Plttabarg
Baltimore
Total middle....
Chicago
Cindnoatt
Milwaukee
Detroit
iDdlanapolls
Peoria
Total Western..
Louis
WIIiLIAXI B. DANA &. Co., PubllHlierK, St.
St. Joseph
79 & 81 William Street, NKW YORK.
New Orlauu
Post Offick Box 958.
KanawCitr
Memphis.
Total Southern..
780,71«|
-16-S
443,896,
-H)-3
$73,444,0481
-«-7
$73472JW2
$44,099,177
$68,719,04o'
-82-8
$42,207,410
7.4215,873
12,970,438!
10,'«2,421
13,396,123
—48-8
— 19-1
$82,388,971
$83,085,601
-24-9
$30,899,147
8,899,430
2,788,191
$42,790,838
8,157,890
-H»-l
-rs
•,448,881
la,«81,«4e
-25-8
taajasnjern
-8T6
-7-S
-Vtl
-ITS
1,861,589
-8-a
-7-e
-14'3
-15-9
_8-8
826.938,
-250
684,119,
$58,553,655
$62,222,477
-5-9
$68,885,804
$13,312,284
$12,897,978
864,880
-fl8-7
$14,456,178
-rs
-ei-0
6S1,44«'
-14-6
5,913,277
3,989.612
7,995322
-260
6,0i»,l!96
3,917,485
-H)-8
8,«883«8
4,862,787
996.735
2,528,293
-h84-0
4,4«o,iae
686,397
-HO-8
973,034
-f80-8
$31,487,941
$28,870,314
-hB-l
$30,674390
-10-4
088348
Louisville
-(-l-l
108,552,474
2,391,790
1,099,027
1,814,823
1,841,298
820,529
London Columbus
CLEARING HOUSE RETURNS.
tBll,li07.n»
(88,613,000)
.
Cleveland
CHROSiotE
Smith. 1 Driipors'Gardens, E.G., whore subscriptions and advertisementH will bo taken at the regular rates, and
single copies of the paper supplied at Is. each.
The omco of the Chkosici.e in Liverpool Ls at B 15, Excli.in>;e Building.')
is
-M-S
(-80-4)
(Stoeki....t1taTU.')
Pbiladelphla....
6 10
£2
*l
tO.'>7,e34.183
lCoUon....bala.)
(Orain. .butheU)
Total N. England
$10 20
I«
PfOmt
USB.
Sola of—
Boston
ProTldene*
The Commercial and Financial Chronicle
ITwk Aultaf Mat
PtrCent.
1884.
8,051,121
2,59«,e35
1,280,312
2,157,281
S34034S
-S-0
-8U
8400,548
1,006391
13383M
1,418,584
-28-4
-J5-1
-10-S
-18-7
-X&t
For the week under review the exchanges are less favorable
-8-7
-13-4
$9,848,Mt
$9,774,71'
$8,461,504
than those for the preceding week in the aggregate, but the San Francisco
$748.878380
ToUlaU
$700,800.209
$915,031..'a8
decrease is mainly at New York, and in speculative business.
-10-9
$835.8197491
In the New England cities the volume of clearings has been Outside New Tork "$22974827(1351
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 aggregate decline at the seven cities has been $74,514,036, in which
is, of course, only one of the many reasons for the generally
consmall totals lately recorded, yet until there be some improve- all but Baltimore and Chicago participate, New York
ment in that branch of manufacture it can hardly be expected tributing $63,893,133 and Philadelphia $6,522,504. The comparison with 1884 appears to be more favorable than last week,
that exchanges will show any marked increase.
" Decoration Day " fell
Ten cities record figures in excess of May 16; they are Hart- but this is due solely to the fact that
cover.
figures
within
year's
the
period
which
last
ford, Philadelphia, Pittsburg, Baltimore, Indianapolis, St.
i
Joseph, St. Louis, Cincinnati, Kansas City and Memphis. Of
these the four last named, and La addition New Haven, Port-
Ftte
and Louisville exhibit increases over
New York
other hand Boston and Chicago show import- Sola 0/ Stock
Day Sndhv May
1884.-
ParOemt.
$315317.887
$412,857,466
-16-4
(735.887;
(1,731,514)
188B.
land, Springfield, Lowell
1884.
On
tlie
ant further declines.
At this time last year clearings were adversely affected
(largely so) by the panicky condition of affairs on Wall Street,
and exchanges fell off $350,791,740 of which over $310,000,000
was at New York. In consequence of this very great decline
the percentage of loss exhibited by the figures of this year in comparison with a year ago is smaller than for several weeks past.
The share transactions on the New York Stock Exchange
have reached a market value of 165,089,000 for the six days in
(»)«.)
80.
(-67-6)
nttjyytmtd'tMatat
188B.
\ptrOHU
(40031 1.0W|
(0C0.7SS)
-ST-S
(-56-B)
Boston
46,152,179
88.89S,a«4
-f«0-9
PUbuUlphla
81,527,818
35,776,488
0,736,684
88.804,000
-ll-O
4a.6«<,«n
88,060388
-56
0.188,777
-1.4-8
88310.000
10360,446
+8rt
-21-7
U.78838I
-i-18-8
Orleans......
10,786.628
8,906,978
5.108,188
-»4-8
$546,416,7««l
-11-7
-«rl
(6a6JMB30S
Balanoe, Country*
$451,781,809
46.204,056
-•M
-»l
$68e,935,49S
$003,137,623
Baltimore
9,193,686
84397,000
St.
LottU
New
49,720,831
1
-8<
-U-6
$«0«,7«8,008
-»4-0
-**
ti6i.ti1J^ -iiajM.'iffi
Bstlmtted on the OiuU of the la«t weekly letomi.
~*19!l.51lC673
-14-8
Total
Outside
•
4.990.111
-81-6
-81-0
all
New York
.
THE CHRONICLE.
636
The Bank
mum
of
England has
stopping silver coinage transfer to Europe
the burden of the crisis
week reduced
this
we by
until
THE FINANCIAL SITUATION.
[Vol. XL.
its
mini-
market
rate of interest to 2 per cent, while the open
would force
it
silver is the disturbing cause
now
here.
Distrust of
but when America
;
on to the shoulders of those
shuffles off that anxiety
—
who
months bills has fallen to seven- started the discredit, distrust of gold because insufficient
rate at London
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.
late decline, although money seems to be worth next to
As 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
Ist they will pay only 1^ 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 possurplus over and above the required reserve being now sible that some bills are even now being drawn against
about 61 millions.
the new Canadian loan which we stated two weeks since
These facts disclose a most marvelous state of the money was shortly to be negotiated. However that may be, there
markets Of the world distrust universal, enterprise every- 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
for three
—
—
cause
as their
—
not unfrequently
they
for
follow
—an
extensive panic which had developed general solicitude; but
nothing of the kind has taken place, the only recent panic
being that of
last
May
They
might indicate a condition of extreme
here,
which was
chiefly of
local
extremely light because of the very dull import trade.
No announcement
Canadian
has been made of the negotiation of the
but not unfrequently such transactions
loan,
are withheld from the public until the loan
is secured and
drawn for. As to
overtrading with general insolvency, did not the long present commercial requirements, some indication of their
perioi of their existence and present tables of failures extent may be gathered from the foreign trade stateOr it might be that a great ment for April, which the Bureau of Statistics has issued
disprove such a supposition.
disaster, as for instance a widespread crop failure, woul d this week and which we have remarked upon in a subse
leave some such results; still, that cannot account for it, quent column. For the last seven months the trade moveas in this case there never were such abundant crops raised ment figures up as follows.
importance.
at
a portion of the proceeds
least
-
produced during the sumimpending war between leading nations
would for the time being disturb trade and suspend enter,
prise; but this depression and plethora antedate the Russian excitement; and besides, now peace is assured and
believed in everywhere as the price of consols and of
Russian securities shows and yet there is no recovery
as in the aggregate the world
mer
of 1884.
—
—
from
Their universal feature indicates
these conditions.
too, that if
they have not precisely a
somewhat
common
origin, they
And
have in
all
yet
not overtrading, not a panic, not insolvency, not
it is
FOKEION TRADE OF THE UNITED STATES— (OOOs omitted.)
An
probability a
similar
origin.
a famine, not lack of capital, but an abundance of money
and an abundance of food that are the features which
mark the existence of the disturbance.
Can then any influence be mentioned but
MERCHAXBISE.
Gold.
Impels
f
-1!
51,713
19,380
2,430
November. 79,733 45,518 34,265
December. 91,295 42,139 49,156
8,183
2,418
2.076
18S4-85.
October
.
t
.
January...
February..
71,073
_
~r' ~i~
2,!«7
2,574
1,943
7,739
1,850
3,47H
1,438
41;i
2,144
1,334
1,136
1,815
1.446
630
1,636
52,982
48,792
1,887
1,787
833
£51
824
4,145
782
1,168
+378
480.980 '325.393 155,528
19,033
6,313
13.220
The crop
1
2,220
2,507
1,093
1,003
1,504
3,llil
1,836
3,187
1,940
1,283
1,197
18,894
11,397
7,497
Excess of exports.
+
situation
There
promising.
»
631
193
444
603
•1,633
Excess of imports.
of
Exp'U
t
11,891
52,937
7mo8.
Exp'll Imp'ta
38,344
51,.S4«
Excess
of
Impels
ii.'ili
April
*
Exp^U
53,«2l, 42,030
80.56a
March
Tot.
SiLTER.
Excess
ExcetB
of
Exv'ts Imp'ts
is
seems
a
in general to
little
be growing more
anxiety respecting cotton in
a currency some districts of the Southwest because of too frequent
which touches every commercial community rains, but if warm and dry weather succeeds soon, all
Corn has now everyalike, afiecting all values and throwing uncertainty into anxiety would be quickly removed.
every section under
will
almost
of
values,
that
afford
an
adequate
planted,
and
in
future
clew
been
the
or where
the same
explanation for this world-wide situation ? Here, in favorable conditions and in large amount
difficulty,
;
America, an attempt to force about eighty cents' wortti of
now
made
facts are also
true of
all
other crops except as to
the
by a hundred cents' acreage of wheat warmer weather has likewise prevailed,
it questionable what is to
worth of gold bullion, has
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 brightersilver bullion into the place
filled
;
Our future in this particular affects all Europe, relieving
we, by adopting silver, become the sink for their dis"
it if
carded currency, but forcing a
crisis there if
we
save our-
outlook.
Under
these circumstances
breadstuffs languishes.
large visible supply at
the
speculation in
The effort to make Europe take our
our own prices seems to be proving
and about as successful as a similar effort in another recent year
even Germany we are informed by some leading European Some people never learn anything by experience. They
bankers has placed large deposits in London to provide go around the same old circle again and again, biting oS
against a similar catastrophe there; while the Bank of their own noses every time under the hallucination, appaFrance discriminates all the time between the metals so as rently, that it is some one else that is suffering. It recalls
to retain its gold and force out its silver. It is an irrepressible the surprise expressed by the sleeping darky while with
selves.
Italy is to-day struggling to retain its gold basis,
conflict that is thus
being everywhere waged, and which others toasting his feet at a
fire;
after being
awakened by
a suspicion that some one's heels were
into every country on the face of the globe, feels more burning, exclaimed on personal examination, " by gosh it
than all others as an influence disorganizing her industries. am dis darky's heels dat am burnin." With a visible
Its other phase we have not the room to discuss in this supply of wheat in America closely approximating 37
Great Britain with
its
nerve-like
trade tentacles reaching
column, but in our opinion the conflict can only be
closed with the triumph of bi-metalism,
world-wide, not
local,
which
finally
shall
the smell
million bushels,
be very large
and which can never be attained
to
with the
plus of the
afloat
to
Europe reaching the
28 million bushels, with a large surold crop still in farmers'^, hands in almost
total of
May
THE CHRONICLE.
80, 1880.1
every producing country, with
all
687
Thm oZ
countries other than the
r lioni of
old stock) and having voting power.
United States very freely marketing their surplus, and bondholders will got the two thiogn
so much dMired—
with the new crop the world over promising as yet fairly a minimum of charges ahead of thoir
security and full
well, is it not barely possible that wo may wake up some control of the road, for ihoy
will have 55 millions of voting
day to a realization that we are simply hurting oursolvoj Bocuritiesagainst only 20 millions of common slock
ouuido.
and not crowding our neighbors?
We do not see, therefore, why the plan should not b*
Tbere have been abundant eilorts, rumors, and meetings entirely satisfactory, and in view of the fact that the pras*
of trunk line managers this week, to have settled up all of ent irresponsible position of the W(!St Shore enterpriM
our Eastern rate wars, if they were capable of settlement. keeps the whole railroad industry of the country in » di*>
But we cannot report
that those differences are any nearer
adjustment than they were ten days ago.
In
organized condition,
are
fact,
new and others old, which
just now entirely out of
have often referred to the West Shore
there not circumstances, some
practically put
any arrangement
the question?
We
situation, as furnishing
may
the receivers
their
80
power
not be willing to do
all
that
The stock market has been
within
is
attract
inclined
and
dull
weakness.
though
fluctuating,
On Monday
wai
announced that the Pennsylvania Railroad managers bad
to
it
ordered a cut in passenger rates with the stated purpose
of getting back some of their lost traffic; but it had no
business under an equal arrangement with the
little
find
la general
one such obstruction, not because
do, but because that road could
to
it is to be hope<l that the plan will
speedy favor and lead the way to an early adjustment of the whole matter.
now
very material influence on the market, as
it
did not change
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
passenger traffic with, cannot affect incomes much. The
least we can see no other. But besides that, we have now, so
far as freight is concerned, to add lake and canal competition, meeting held on Wednesday by the managers of the
Central, and the Central can
—
this is not simply the ordinary competition of that route,
but-something marvelously low even for these dull times.
How can any basis be made for an agreement on Chicago
and
with such an impediment to harmony? Putting up
freight rates would mean simply that the New York roads
trafiSc
should retire from the through business. Then among
other disturbing elements, there is the South Pennsylvania which
is
being pushed to completion, paralleling the
Pennsylvania Road through an important section.
we think this latter dilTiculty not insurmountable,
Still,
the
if
Under
other two influences could be got out of the way.
upon
the
cannot
but
look
however,
we
the circumstances,
talk of
an adjustment between the trunk
line roads for the
present as pure flimflam.
In this connection it is of interest to know that the
modified plan of reorganization of the West Shore & Buffalo road,
trunk line roads was used both before and after
held as an indication that an adjustment of the
it
wae
difficulties
was near at hand. On Thursday morning it
was reported that the President of the Grand Trunk of
Canada was seeking to acquire control, by lease, of the
West Shore and it was further rumored that the Pennsylvania had under consideration a similar proposition.
This story was speedily denied, but it had some influence
in advancing the price of the trunk line stocks, which in a
measure was retained subsequent to the denial. A further
feature of the week has been the decline in Erie second
We remark in another column upon the recent
consols.
decision in the Cincinnati Hamilton & Dayton case which
affects Erie's Cincinnati connection, and which has prob-
of the roads
ably been in good part the cause of the decline.
New
Central
Jersey was strong and advanced Thursday on the
& Ohio had made
and was some sort of proposition for the control of the terminal
prepared by the Hewitt Committee, to which we announcement that the Baltimore
alluded last week, has been
finally perfected,
given to the public yesterday.
proves to diSer but
It
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 Naviweek, and the difference further favors the present gation Co. to Northern Pacific and Union I'acific 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, bat the
for the claims of the North River Construction general situation of the market has changed in no particular.
issued
Company and
will be that
—and
of
the Ontario
amount
& Western Company,
there
of income bonds without voting power
about the only particular in which the modhave been changed. There had been some
this is
ifications
expressions of discontent at placing so
much voting
stock in
the hands of the parties representing these claims, and
this objection is overcome in the manner mentioned.
liorthern Pacifies current
had no
gave in
May
month
our issue of
9
of April, exhibiting a
returns continue un-
traffic
favorable, but this has
on
effect
We
its securities.
the gross earnings for the
heavy
loss as
compared with
the corresponding month of the previous year, and have
now succeeded in getting a statement of expenses and
In view of the heavy
net earnings for the same month.
was expected to be quite unsatisfacborne out by the figures at hand. Aa
against the decrease of $563,850 in gross (from ijl, 441,515 in April 1884 to $877,fi65 the present April), it was
then with the consent of two-thirds the old bondhold- possible apparently to reduce expenses only $120,086^
of $443,764, the
ers) and but 15 millions if the terminals are not purchased. so that the net shows the large diminution
against $843,now,
Hence the annual charges ahead of the present bondhold- total of the same being only $309,583
The
total
of
first
mortgage
bonds
to
be
issued
will not be more than 25 millions in any event, and the
first issue is to be but 20 millions (the remaining five millions not to be put out till after a specified time, and only
ers will
at
$1,000,000.
the most be
Consequently the position of
holders will be about as follows.
lion second
and
$1,250,000,
mortgage and
They
five millions
(given for back interest)
—both
will
at
first
these
but
bond-
hold a 50 mil-
There
20 millions
of
tory,
and
this is
347
last
year.
two
years, both
company's
fiscal
stock
the figures for
(issued
for the 40 mil-
year ended with April.
Jh<« 1
—NoBTHiBs PAcine. r:r
!««.
lt«4.
(•
litM-m.
Anil an.
!)«»««.
«
«
1,UI.S1S
MW.M4
47!>.0S»
ousies
a,ots.«»
wvtifia
ijm:n9
SSO.&'U
sia3i7
4.«T7..-Hr7
«
Oporitlng expenses
the
the 10 months of the
April.
endowed with voting
will
commou
The following are
for April and for
of preferred stock
be 15 millions of income bonds subsequent in lien to them and 25 millions of first mortin
Uen.
There will be, besides,
antecedent
gage
power.
loss in gross, the net
•
A.fta
m»
.
THE CHRONICLE.
638
There was of course a reason for the heavy falling
in April.
company
totals
off
was the same as in March, namely, that the
comparing with a period last year when the
It
is
were exceptionally
we have maintained
all
Passeng-
along must
fall off
and of the decrease of $56.3,850 in the gross above
we find that no less than $325,141 was in pas.
senger receipts. Though the falling off in earnings was
expected, it must be admitted that both in gross and net
it is much heavier than was anticipated.
For instance, a
couple of months ago, Mr. Oakes, the Vice-President, esti.
mated that the decrease in net would be $125,000 in
March and $150,000 in April, or $275,000 for the
two months. Instead of that we had in March a
decrease of $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.
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
possibility that this might be realized.
We had the
figures then for the first nine months to the end of March,
and used Mr. Oakes' estimates for the remaining three
months, making however what we supposed was a liberal
allowance for errors on Mr. Oakes' part.
But, as we have
for April,
seen, the actual decrease
Hence
it is
almost three times the
is
clearly impossible for the road to
the surplus that Mr. Oakes expected.
For the
activity in all industries.
is
equally unfavor-
The figures are smaller even than in
the net for the four months was $4,263,551.
Bankers' balances still rule at 1@ 1^ per cent. At Chicago
229,312 in 1881.
1879,
greatly,
mate.
the lack of
four months of the year the exhibit
first
able, the net on the entire system being only $3,864,437,
having then been against $5,080,431 in 188-4, $6,132,032 in 1883 and $7,-
large, earnings
heavily swelled by the Coeur d'Alene gold fever.
ers earnings
West and
[Vol. XL.
For the
first
when
some demand
for money is reported from the interior, but at
other points the rates of exchange favor the transmission
of funds to this centre.
The following statement, made up
from returns collected by us, exhibits the receipts and
shipments of gold and currency by the New York banks
during the week.
Week ending May
Seceived hy
20, 1886.
Shipped by
Net Interior
S. Y. Banks. y. T. Bunki.
$316,000
•350,000
aain...$2,161,00e
»2,177,000
$666,000
Gain. .11.811,000
Gold
Total gold and leeal tenders..
..
Movement.
t2,477,000
Loss...
Tu Canada.
The above shows the actual changes in the bank holdings
of gold and currency caused by this movement to and from
the interior.
In addition to that movement, the banks have
$1,000,000 through the operations of the Sub-Treasury. Adding that item to the above, we have the following,
lost
which should indicate the
total gain to
New York
the
Clearing House banks of gold and currency for the week
covered by the bank statement issued yesterday.
esti
Week
endinfl
May
Into BaTtks. Out of Banks.
29, 1885.
•"''''
CTiano« in
Bank Holding$.
show
nine
350,000
Banks' Interior Movement, as above
Suii-Treasury operations
Gain. tl,811,000
Loss. 1,000,000
«666,000
t2.477,000
4,000,000
5,000,000
months there was a deficit below charges of $78,587 in
Total gold and legal tenders....
17.377,000
$6,566,000
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 bulthe 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
months $168,554. If the net earnings for the remaining
two months' May and June should be as large as last
year, which is hardly possible, their aggregate would be
Allowing for the $168,554 deficiency, there
$1,171,121.
would remain only about a million dollars of net avail-
—
—
able for the charges
seem
to
be but
little
abroad
Bank
of
5,452,000 francs
The decrease
in
net for the
even heavier than heretofore, but that follows
simply from the fact that the showing in April last year,
with which we are comparing, was unusually good. Hence
we have a loss on the Eastern lines in the large sum of
is
$421,508, and on the Western lines of $113,462 more, or
a total loss on the entire system of $534,970, so that
against net of $1,737,475 in April, 1884,
1885 of only $1,202,505.
This
is
we have
net in
banks
at
t
«
1883.
»
1881.
t
3,704.890
2.431.04!
4,166,309i 4,061.7i50
I
3,855.850
2,481,853; 2,693,010
2,536,539' 2,104,56-e
Net earnings...
Western lines
1,872.018
l,694,46flj
1,319,311
1.655,810
1,405,582
+10.557
-1-488,661
4-268,048
1,338,868
2.144,471
—70,443
Kesalt
I
1,467.831
+43,010, -fl24,882
1,787,475
Bank of England
Bank of France
Bank of Germany
1,5»«,813
Net earnings... 4,255,120 5,380,722 5,731,010
Western lines
—390,688 —309,291 +101,022
5,080,431
6.132.0S2
4.889,000
6,820,001
The Assay
7.229,312
1884.
Silver.
Gold.
Silver.
S
*
S
.. ..
Office
77,983,607 65,372,058 74,461,856 64,210,702
77,948,380 64,948.47'* 74,188,609 «4,039.162
through
paid $253,770
Treasury for domestic and nothing
the
Sub-
for foreign bullion
during the week, and the Assistant Treasurer received
Custom House.
the following from the
007Uti8Ung
Date.
Duties.
Gold.
23.
25.
26.
27.
28.
Total
$246,556
386.153
551,954
485,035
99
of—
U.S.
Gold
Silver Oer-
Jfolet.
Oertiflc'a.
tiflcate*.
$37,000
137,000
171.000
111,000
67,000
64,000
$100,000
29
90
331,fi30 09
356,055 76
$1,000
2,000
7,000
7,000
2,000
2,000
172,000
150,000
141,000
134,000
$108,000
132,000
201,000
216,000
121,000
156,000
$2,357,286 85
$21,000
$587,000
$811,000
$934,000
82
1U,0C0
THE TREASURY AND THE BANKS.
Our reference
of last
week
to the
assistance
the banks
5,805,810
+7,271 +1400,311 +1317,177
4,806,871
May 29,
26.841.880
25,138,906
43.646.727 42,887.058 41,421,640 40,500,952
7,495,000 22,485,000 7,901,250 23,703,750
Total this week
Total pre-vloue week
"
3,760,372
13,693. 48« 16,159,002 15,802.702 14,448,214 13,889,505 12,704,879
9,488,366 9,'!70,18olt0,161,6e8 9,559,214 8,069,504 7,180,380
3.9(M,437
the corresponding date last year.
Gold.
"
"
Gross earnlnRB
Operat'K expenses.
Begnlt
this
Matj 28, 1885.
"
1384.
The following
European
of bullion in the principal
"
1885.
"
indicates the
May 22.
for six years.
Jan. 1 to April 30.
Gross earnings
Operat'g expenses
amount
week and
The
and
and the Bank of Germany, since
the smallest figure since
when the total was $934,362. In 1881 the total
was as much as $2,144,471. Following is a comparison
1879,
April.
silver,
the last report, increased 10,420,000 marks.
two months, which would
in excess of the amount needed.
immediately preceding.
Lines East of
PrrrsBUBO.
and £2,274 from the interior.
France gained 7,379,000 francs gold
of these
Pennsylvania Hailroad's statement of earnings and ex!
penses for April is also unfavorable, much like the months
month
from
6,022,487
might render the Treasury just
remark, and in some quarters
at this
time
criticism.
has elicited
Among
others
There were no new elements at work afiecting 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 Jbeing the demoralization of rates both East and under no obligation to help the Treasury out of the plain
May
THE CHRONICLE
30, IfiM.J
That Congress baa
consequences of the act of Congress.
policy and
insisted on a silver dollar
the folly of
it
by finding
with the diaa
itself face to face
And
greeable consequences.
can only bo taught
it
the Administra-
adds, let
639
were len nnmaroai, there wu klvkjs
an accumulation, above outatanding obligation*, of gold
in the Treasury towards the first of July.
In iheeArlior
silver certificates
years
when
the surplus revenue
was very largo
this iocresae
go on in the plain line of duty, and if the
Secretary of the Treasury finds himself in a close corner
to procure gold to meet the interest on the debt, let him
wu not observable, because there was an abundance coming
throw the responsibility on Congress and demand a
thus paying the surplus out for the parpoae of keeping
the balance down, so as not to withdraw currency from
tion, therefore,
sus-
pension of the outflow of silver from the mints.
This would be good advice and the wiser course to
banks, people, and
if we wore not all involved
—
pursue,
—
in such a catastrophe.
Only think
would be, to even make a single
payment of interest on the public debt in silver
There is
not an American who has any lively sense of an obligation,
but would feel humiliated by such an act. Then besides
that, when the Government reaches or nears that point or
perhaps when it sees such a result is imminent, it must
pay out silver promiscuously to banks and to individuals,
and very soon after that, or concurrently with it, the banks
must suspend gold payments too. In fact, if it be true that
the Government is likely to be in need, then our entire
monetary system is in danger, and since circumstances
have put it m the power of the banks to save the country
from so great a disaster, we claim it is a duty and have
no doubt it will be a pleasure for them to prevent it.
But we sympathize fully with the thought, which is
industrial interests
of the
discredit
it
!
having brought
plainly
deep
to
feel
regret
conference
we
this evil
upon
see
between
it
us,
that
stated
at
Manning
Secretary
yet at
least,
officers
to
make any
request for aid, while
among
delay and secrecy seemed to be in favor.
obvious reasons
we
think both
of
these
positions
was always
the
Still
wo
it
accumu-
bonds and
its
first of July balaao*
January was. Thia
large, just as the first of
year, however,
in
are nearing that date with a very
snuU
and a declining balance. The loss is less, as we hare seen,
than was feared, but yet there is a loss instead of a gain.
Now on the first of June and again on the first of July
the Government payments are especially large.
It has
on June 1 besides its usual disbursements $2,812,500
of interest, and on July 1 about $9,528,303 of interest to
meet, whereas in
May only
Furthermore,
in the early
if
ness throughout the
tend this
way
same measure
make
its
pftid.
summer months, when
busi-
country
being of
certificates,
$1,456,428 of interest was
use in
little
in increased
flow
always least active, silver
is
interior,
should
in the
directly
into
revenue more largely of
low from these facts that
if
the
volume, they would
the
silver.
Treasury
It
seems to
and
fol-
the Treasury does not hare
not feel the withdrawal, while the banks, whatever plan
certain
bank presidents here within a few days, there appeared
to be
a disposition in Government circles not, as
bank
the channels of commerce.
calling
are
the informal
and
purposes, and hence, as
Government kept
the
For
should be made
It is therefore with
responsibility.
its
lated,
some accession of strength from outside sources, it is likely
to be weakened at that date below a desirable point; and
it is no mark of sagacity to keep our eyes shut to these
facts until the event is upon us.
Admitting this then to be about the situation of Government affairs, when could there be so favorable a moment
as the present for any operation which should transfer
There never
gold from the banks to the Treasury ?
was a period when the banks had so large a reserve
and so little demand for it. Commerce therefore would
really the basis of the Republican's suggestion, that Congress,
in constantly for all
was adopted, would lose no interest because the capital is
need help during the coming summer there is certainly no already idle. We proposed last week that they should
time like the present for extending it. On the other hand, take the Government's subsidiary silver, and we believe it
if the banks have determined to let the Government have is to-day the only feasible and substantial way they have
unwise. If
it is
reasonably certain that the Government will
the benefit of their overflowing resources,
it
should beyond
a doubt be done openly.
The whole controversy thus narrows itself down to
whether the Government is likely to need
the question
help.
We
think the present conditions and prospective
wants clearly point to that end.
that the present conservative
would develop good
We stated
management
fruits later on,
a
of really helping the Treasury.
are about 66 presidents, with an equal
and they are
all
and therefore that the
silver certificates
number
of cashiers,
men of course but in manmuch like railroad managers, so
very honest
month ago aging
of the Treasury
To accept
coupled with a promise not loiwy them out, as the Treasury
There
proposes, is, we are sorry to say, not practical.
;
their trusts they are
very alert that they are never able wholly to trust one
another, and could not therefore enter into such an arrange-
ment as suggested. For granting it made, only the supersame rate in future months as in the month of April, honest ones we may assume would live up to their promise,
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
Deing probably only 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
current estimates of a decline in the gold reserve at the
;
—
—
brought about in part through a larger surplus revenue,
but mainly through an increase of the payments of the
customs duties in gold; the Treasury, instead of paying out
silver certificates as they came in, having retired a portion of
them, and as the New York supply has thereby decreased, a
and the present timeliness of it
seem to us beyond controversy. Waiting till it becomes
a question of urgency with the Government and until the
extended, the need for
country begins to
it
move
its
crops,
and therefore has more
money, savors of recklessness.
recourse to gold on the part of those needing funds for
To argue the remaining question, whether the aid
payment of customs became a necessity. As a result shall be extended quietly and secretly, or openly and
If there were no
of all this, the proportion of payments in gold and its above board, seems hardly necessary.
should lead to iU
impossibility
equivalent has increased from 59 per cent in April to other objection to secrecy, its
the participation
contemplates
plan
probably 62 per cent in May.
rejection. Of course the
sixty-six in
about
sUted,
are,
as
There
But that fact does not at all remove the probability of a of all the city banks.
considerable Government need later on.
remembered
that in former years
when
It
should be
silver dollars
and
uses for
directors to each
the Clearing House, with five to seventeen
city that know
this
in
newspapers
many
good
bank, and a
THE CHRONICLE.
640
how
to
worm
out a
isecret
held than this could be.
even when much more closely be defeated at
[Vol.
all
hazards.
XL.
Mr. Jewett fortunately at the
same moment recollected that the laws of Ohio did not
under such circumstances ? But even if the circumstances permit the consolidation of parallel or competing roads,
were much more favorable to 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
letting it leak out by bits.
violate the laws of the State should be made to know
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 deny it—that it is the coining of silver dollars and in the person of the president of the Erie. If the interests
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
Is it not idle to talk of secrecy
—
In view of this
failed.
not obviously the duty
fact, is it
an
incidental
of the banks, while extending aid so unselfishly, to be
motive.
very
of the State.
the Springfield Republican says, not to
country lose sight of the responsibility of Congress
for the crisis which has made that aid necessary, and of
careful, as
advantage
tion,
the false legislation that has brought us to this state; since
the greater publicity that is given to the condition, and
possession of
to the act that
not control the Hamilton
to relieve it, the better, as an educational
be for the people. For this silver disornot the only currency error that needs correcting.
is
der
at
the
all
in
controlling
bafQing the enemies
The courts would not sustain the consolidaand the whole scheme fell through. Mr. Vanderbilt
however held a controlling interest in the stock of the
let the
influence, it will
—not
Mr. Jewett did succeed
Cleveland
It
was
&
at
Indianapolis
this
&
and
road,
that property.
On
in
that
way got
the other hand, he did
Dayton.
juncture that Mr. Jewett set about to
secure the Hamilton & Dayton to the Erie beyond peradmore 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
is
It is the
for general currency reform.
controversy between the Hamilton
Cleveland
HAMILTON
ERIE'S CINCINNATI
d-
DAYTON
CONNECTION.
For the second
time, Mr.
Hugh
J.
&
Indianapolis was
in
k Dayton and
of
the leading stockholders of the first-mentioned road formed
a pool the better to protect their interests.
Jewett has achieved
the
number
progress, a
pool that Mr. Jewett
went, and
effected
It was to this
an arrangement
a victory in the Ohio courts in a matter involving the by which the stock in the pool (some 20,000 shares, reprecontrol of the Cincinnati Hamilton & Dayton road
the senting a controlling interest) was placed in trust, and
—
Erie outlet to Cmcinnati.
There
is
a difference however
trust certificates therefor issued to the holders.
On
these
between his former triumph and the present triumph. In the certificates the Erie guaranteed 6 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 differstrengthening that interest.
Mr. Jewett was the trustee, but of course he had
In the other he appears as ence.
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.
His 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,
partial.
not a whisper was heard of the illegality of such an
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. H. 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 Penn
Becourse sought to reduce its liability to a minimum.
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, who
Hamilton & Dayton with the Cleveland & Indianapolis. simply placed their holdings in trust for their own 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
Devereux was regarded
supposed
that
How
the
as
to
the
consolidation.
an Erie man, and
consolidation
would
it
benefit
& Dayton has paid 6 per cent out of its own earnings;
thus minority and majority stockholders hav^e received
and
was
Mr.
the
equal dividends.
Nevertheless,
with the
severance of
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.
Erie.
it
—
Mat
Of
THE CHIIONICLB.
80, 1880.]
course, the validity of the trust liad to be attacked
through a nuaorily stockholder, and this was accordingly
done. The suit was broughtby Geo.IIafor on behalf of certain
minority holders.and sought to enjoin Mr. Jewett from transferring a proxy for the pooled stock to the Krie board, or
their nominee,
and
it
made
such tranfer was
& Dayton officials from
IJamilton
to enjoin the
receiving the vote on the
If the truth
were known, H
Lake Shoru
that the refusal of the
at
that timn
(wrve
to
u
any longer as a connection for the Erie ha'l
much as
anything to do with the effort* then pnt forth by the Krl«
managers to extend their system to the leading Western
trafBc centres.
It will be remembered that the Krie at
that moment seemed to be threatened even with the loM
Now York Pennsylvania k Ohio road. That road
waa subsequently secured beyond doubt through a lease of
the same to the Erie, wliile at the same lime the acquiing was intended to be inimical to that corporation it was not sition of the Hamilton & Dayton furnished an outlet to
80 intended towards Mr. Jewett. Moreover, the plaintiff the Southwest and the definite determination to build th«
demurred to the cross petition filed by the defendant, Chicago & Atlantic made certain an outlet to Chicago and
and which asked that both Mr. Jewett and the Erie Com. the Northwest. It is interesting to see that now the
pany be placed on an equal footing that is, if the Erie Chicago k Atlantic connection (of which Mr. Jewett is
be restrained from voting the stock, that Mr. Jewett be President) as well as the Hamilton k Dayton, appears lost
same.
It will
be noticed that the plaintiff did not seek to
from voting the
re-
of the
but simply the Erie
road, which clearly demonstrates that though the proceed-
strain ^[r. Jewett
stock,
—
Then besides that, the defendant to the Erie, since the management of the first-named has cu«
likewise restrained.
charged that Mr. Jewett, though holding his trust merely as ried its animosity so far, that the Erie no longer sends its
its agent and bound to transfer the stock back to it, positively traflBc over the line.
But with reference to this Chicago &
may be said,
refused to deliver over the proxy and expressed his deter-
Atlantic road
mination to vote the same against the Erie's
only with threefold greater force, that there
was
that
this
Ab showing
induced the Erie to
finally the
file
interests.
its cross-petition.
Mr. Jewett,
position of
It
it is
only
necessary to say that he did not deny the allegations of
the defendant, and
did not put in an appearance.
it
as of the
fact,
it
that
just
is
what
it is
doing.
cannot find a road to Chicago.
The the Chicago & Atlantic
affair
It
The main trouble about
is
the Erie
that
conclusion that the trust agreement is void, " both upon
" the ground that the power is denied to one corporation
" to control another, and that the stockholder cannot bar-
very desirable kind of
ingly, the
injunction
demanded by the
Hence, as respects his main purpose
plaintiff is issued
—that
preventing
of
&
the Erie from controlling the coming Hamilton
election
—Mr. Jewett has been
the purpose to control
that
successful.
election
Accord-
But
Dayton
as respects
himself, in his
own
and against that of the Erie, he is unsuccessful,
for the court also enjoins him from voting the stock.
It seems to be admitted that the decision makes necessary the taking up of the trust certificates and the return
of the Hamilton & Dayton stock covered by the same to
their respective holders, in which case the hold of the
Erie on the road would of course be loosened.
It may
not be amiss therefore to consider for a moment what the
effect on Erie would be in such a contingency.
And
interest
here
we may
say that while not at
the value of that road,
it is
all
desirous of belittling
very easy to exaggerate
its
All this
on the supposition that through
is
traffic
In
need never fear that
heavily interested in the road financially.
his stock."
Dayton,
no lack of
is
other outlets to the same point that the Erie can use.
court reviews the whole matter at length, and comes to the
"gain away the right to vote upon
k
Hamilton
to
have,
very
is
traffic is
which
it is
a
not.
There is no profit on that class of business at present rates.
and there seems no hope of any immediate improvement,
As
things are now, that road
the least of the
through
is
doubtless best off that has
traffic.
So
if
any regret
is
expressed at the Erie's position with reference to through
connections,
it
should be tempered with the feeling that
for the present at least
it is
best not to have.
managers
which
it is
losing a kind of trade
"We
think, however, that the
new
prove equal to the emergency that confronts them, and hope therefore to see the Erie system
will
preserved in
all its essential parts.
OUB FOREIGN COMMERCE.
The Bureau
of Statistics
now
issues its returns
more
promptly than formerly, and the figures of the country's
foreign commerce for the month of April have been pub-
The statement bears out our
lished this week.
tions
anticipa-
quite favorable for
season of the
—that
—and instead of a balance against the United States
is,
it
is
this
importance to the Erie. Its chief utility is in giving the year,
same an outlet to Cincinnati. Of course it is desirable that in the amount of 4 million dollars, as in 1884, we have
such outlet should be under the Erie's control, and the loss this year a balance in our favor in about the same amount,
of the Hamilton
because
to
this
it
& Dayton
furnished
is
that
to be especially
desideratum
deplored
without
time having entailed a dollar of expense, yet
up
it
making a comparative improvement over 1884 of 8 million
dollars.
The improved result, however, is this time more
strikingly shown in the figures of the specie movement
must not be forgotten that this is not the only outlet to Last year in April gold was flowing out of the country in
that city, and that doubtless arrangements with other large volume, the total gross e.xports reaching $21,047,connecting roads could very easily be made.
referring to the Cleveland
&
We
are not
Indianapolis road, but rather
525, against
which there were imports of $3,010,429,
leaving the
net gold
export $18,037,096.
This year
whose managers have for years the outflow in April was only $1,157,995, while the imports
conducted their operations on broad and liberal principles, were $782,533, leaving a net export of only $375,462.
and who could be depended on to furnish the necessary
The reason for the smaller efflux of gold is found not
accommodations. If, as claimed, the Hamilton & Dayton only in the better merchandise showing for the month of
shall now fall into Pennsylvania hands, why then, we April, but even more in that for the months immediately
doubt not, the Erie would be permitted to use that preceding, so that if our currency conditions had permitted
road as heretofore. Very likely, the Cleveland & Indian- it there would have been a flow of specie this way in quite
apolis, too, would willingly grant accommodations, and
a respectable amount, as the excess of merchandise exports
welcome the additional traffic of the Erie, now that over imports in the four months ended April 30 was $52,jbusiness is dull.
But that road is under Vanderbilt 747,618 this year, against only $16,892,834 in the same
four months in 1884, and for the twelve months ended
inflUb\ice, and when times improve, as they certainly will,
to
the
Pennsylvania,
the Erie iliight be ordered
ordered
off
off,
just as
it
was summarily April was $155,959,352, against only $70,303,941
the Lake Shore some three years ago.
previous year.
in the
The latter represents a difference of nearly
—
-
THE CHRONICLE.
642
86
favor of the present year, whereas the
millions in
difEerence represented by the gold movement is only 40
that is, there was a net gold import of 20^
millions
—
making a
584, an increase of $1,903,563,
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
The movement in April was about the same
number of bales sent out having
the relatively better trade returns been 186,302 and 186,098 respectively in 1885 and 1884,
prices were from ^ to a cent per pound lower,
that owing to currency derange- but
months
millions in the twelve
[Vol. XL.
in 1884-5, against a net gold
for so
much.
But we have so often
in the
two
export of 20 millions in 1883-4.
referred to this point of
years, the
and the fact
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 shipments in
The following table will show the merchandise movement the two years from leading ports are shown below.
EXPORTS OF BREADSTtTFFS AND PROVISIONS FROM LEADING PORTS.
in April and the four months ended
for seven years
this year,
—
1885.
April 30.
Jan.l
AprU.
Jan. 1 to
April 30.
New York
New Orleans
5,311.6471
20,102,467
Baltimore
2,.=)59,706.
to April 30.
Excess of
Exports.
Bxcessof
1885
1884
1883
1882
1881
1880
1879
,.
..
Exports.
Imp&rts.
$
53.936,926
49.893.561
00.903,905
57,952,376
70,885,615
*
48,791.750
54,163,063
67,006,905
66,361,167
59,179,614
74,866,455
42,136,101
70,560,538
54,341,862
Here a glance
Imports.
Exports.
$
$
-H,145.178 238.769,277il8e,021,659
-4,869.499 241,340,251224,447,417
-1-3,807.000 285.791,217:231.059,224
—8,408,791 242,093,832 250.748,118
-1-11,706.00; 297,767,178 212,933,189
-3.806,917 274,864,931 256,108,975
-1-12,205,7(1! 244,734,533 152,881,771
$
i
suffices to reveal that
-1-52,747,618
-hl6,892,834
-1-54,731,993
-8,654,286
though our trade
is
which
to that extent of course is
—
an encouraging feature
we are 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 considerably below those of 1880
The
and 1881.
balance, too, compares unfavorably with
For
that of those years.
was an excess
1879 of over
instance, in April, 1881, there
was simply because
mounted
of
the tremendous speculation in
then being carried on, under which
to larger
figures than ever before.
the
totals,
The
difference between that year of great activity and the
present year of extreme depression
is
strikingly
shown
in
—that the
aggregate of the exports and imports together — was nearly
fact
that
then the month's
145 millions, while in
millions,
the exports
total trade
the present year
in
having
1880
millions, against scarcely 53 millions
over 74 millions, against
less
is,
only
is
it
been
101-J-
over 70^
by the excessive speculation
than 49 millions.
the direct result of the depression
it
—
22,926,093
72,690
1,361,292
4,778,299
1,976,521
.
180,.».88
live stock.
considerable interest attaching just
is
the breadstuffs exports.
of
year
as
not,
is
value
some might
now
to the
The gain over
suppose, the
last
of
result
$3,691,208, against only $1,651,394 in April,
of
In quantity the gain
1884.
we
are passing
the present year would be able to give a better account of
"With reference to the increase of 3 millions in the
—actually
6,814,439 bushels
(2,756,549)
bushels in 1884.
to the larger breadstuffs
is
to be attributed entirely
and provisions exports, the bread-
amounting to $14,078,251
this
(28,939,762) or
and the provisions exports
than 3
million bushels
^only
2f millions
For the four months the
an average of over
millions
7
millions a month,
a month, and this gain in quantity for
four months has brought with
the
7:1
off,
it
a gain in value of
In wheat there was in April a de-
million dollars.
but this was made good by a large increase
which continue on an exceptionally
in flour, the exports of
large
scale.
For the four months there is a heavy gain
both in wheat and
flour.
It is to
be noted,
too, that
rye
has suffered a noteworthy contraction, w hile on the other
hand oats have undergone an equally conspicuous expansion, the
exports this year having a value of $714,949,
against but
$58,194 in the four months of 1884, and the
rye exports being but $349,610, against $1,144,184 the
previous year. The subjoined exhibit presents
DETAILS OF BRE^VDSTUFFS EXPORTS.
1885.
^n/ili.
Com
bush.
bbls.
Corn-meal
bush.
Oats
Oat-meal .. .pounds.
bush.
bush.
Kye
Wheat
Wheat-flour
... bbls.
13,400
6,814,439
31,084
574,373
2,158,2:i3
118,494
4,898,517
1,143,485
1884.
34,955
2,7.56,549
20,085
26,062
394,654
577,013
6,114.526
728,386
Total for month.
Jan. 1
Barley
to
full details.
Value.
Quantity.
April.
1885.
6,947
3,601,208
93.04 7
2 47,078
74,663
pounds.
70,655
28,939,762
77,616
1,792,101
12,095,586
bush.
bush.
Wheat-flour... bbls.
21,212.563
3,977,991
bush.
bush.
Corn-meal
Oats
Oat-meal
bbls.
bush.
Rye
Wheat
TotaHorycar
.509,082
189,724
11,890,418
72.569
113,333
7,859,760
1,584,127
19,376,63?
2,867,430
1884.
17,:232
4,437,519
5,439,506
1,651.394
66.147
12,946
1 2,274
419,559
6,221,635
3,849,991
14,078,231
12,251,178
34,117
15,070,689
236,288
714,949
374,414
349.610
20,620,772
18,857,739
121,142
7,287,803
239,377
58,194
230,933
1,144,184
20,259,300
15,737,699
56.258,576
45,073,692
88,-.i83
Apr. 30.
Com
in pork products, every item
|1, 827,073,
to $7,167,147, against $5,263,-
— against
7
while last year they were only 11,890,418 bushels, or less
year in April,
against $12,251,178 last year, an increase of
The
even more striking.
shipments of the cereal foot up nearly 29 million bushels
. . .
exports over last year, the gain
is
exports in the present April were nearly
Barley
this falling
lower now, and that on a basis of quantity exported
stuffs exports
474,966
43,129
589.175
cided falling
through as a consequence of our past and present follies.
As regards the exports, it should be remembered, in instituting comparisons with past years, that prices are very
itself.
5,263,584| 26,922,736
1,013,274
Total*
There
7,167,1471 32,910,498
49,7ft3
Not including
details
1,615,007
3,725,637 18,146,034
49,616
8,038
126.737
33.533
646,182'
3,691,231
2,140,163
399,616;
G4,740l
171,165
335,808
2,597,790
4,987,258
9,552
that prevailed a few years
ago and the currency conditions that fostered
much
L'xports.
Baltimoro
Boston, ifee
Philadelphia
8an Francisco
Other ports
*
45,078,692
and
New York
New Orleans
now, and the imports over
Turning more particularly to the comparison between
this year and last, we find that for the four months the
improved result is due entirely to the diminished imports,
(the exports having been slightly less); but for the month
of April is due both to larger exports and smaller imports.
The total of the former is about 53 millions, against about
50 millions in 1884, and the imports arc only 48|- millions,
against over 54 millions last year.
Thus imports have
fallen off 5;^ millions and exports increased 3 millions.
The continued falling off in the imports, though necessary
as a corrective measure and tending to restore the equilibrium in the trade movement, which was disturbed both
off is
Dairy
12,231,178
an
and in increase in wheat, but solely the result of an increase in
millions now. corn, of which the exports this year in April reached a
12 millions, against but 4
foreign merchandise
the
.
14,078,251' 56,258,576
Provisions
846,;;46
17,839,078
1.230,547
6,149,891
5,833,501
2,383,408
7,485,932
4,156,335
5,039,683
183,4401
1,955,473
1,763.321
813.959
1,643,756
2,.514,195
of exports of nearly 12 millions,
In 1880, to be sure, there was an excess of im'ports, but
that
,
.
Jan. 1 to
April 30.
April.
9.320,569
1,462,489!
4,630,326
5,077,034
1.628,758
2,007,387 10,782,591
3,831,394
643,087,
Total
-l-lh.755.966
in a r.iore gratifying condition than a year ago
to-day
465,177
Boston, &c
Philadelphia ...
San Francisco..
Other ports
-1-84,834.039
-F91.S52.767
1884.
April.
Breadstuffs.
of
In provisions the gain is
which exhibits an increase both in April and
ttie
four
.
May
1
;
.
.
:
THE CHRONICLE
_^_
80, 188S.J
648
months, and in canned bsef (other forms of beef falling good, nn<l the aKrIcmltural
outlook in not dtacouraglnij. A
The figures greater raeaaure of confidence i* miulred, ami that fcrant«(i,
mostly behind) and in butter and cheese.
we may look forward to tho future with more hopafaloMS
follow below.
than was powible a few weeks ago.
DKTAILS OF PROVISIOSB AND DAIRY EXPORTII.
The directors of the Bank of England hare made a further
Quantity.
Talut.
reduction of
April.
per cent In tho rate of discount, and tho mini188S.
1885.
1884.
1884.
mum la now only 3'i por cent. The change haa oaoaed no
Live Stock—
surprise, and it is doubtful whether the lowest level
Cattle
No.
12.881
1,276,33
15,707
1,484,814
bae avea
^
HOL'8
074
86,615
14,620
P,918,914
4,711,973
4,052,384
12,044.286
3.327,337
5,044,603
572,169
902,889
379,507
270,939
174,572
1,205,189
266,191
366,923
16,952,425
6,538,775
fl,3.'iO,050
1,371,105
1,011,692
2,727,995
756,086
330,711
444,642
227,122
23,775,770
2,596,874
13,619,627
1,861,225
1,304,851
1,041,132
5,598,650
159,622
492,963
129,4.33
2,590.537
7,167,147
5,263,584
4,232,151
4,576,035
74,301
»,2><8
Beef I'roduett
lUM'f, caiinotl..
Beef.fresh.lbs.
£eer,salti'd,>&o
Tallow
Pork I'rcduets—
Haoon
,
Hams
Pork,
fresh
(i,374,429
salted, i&o...
Lard
Dairy I'rod'cl*—
Baiter
Clieese
777.418
Total*
Since Jan. I
Lire Stock—
Caltlo
No.
42,374
18,768
46.242
5,074
40,688.717
15,472.481
17,594,423
42,0^7.087
12.982, sea
19,363,026
1,619,321
3.M65,354
1,225,537
1,151,370
970,418
4,243.487
130,829,6^7
21.820,828
90.516,230
17,380,586
11,082.821
2,348,465
8,869.561
2,175,046
28.303.534
9«,2tU,783
15.228.292
48,776,763
1,982.568'
7,571,584
1,303.623
4,749,145
4,399,849
15,455,789
3.836.842
12,301,296
701,0681
1,362,410|
1,347,646
32.910.498
26,922.736
Hoirs
202,453
Beef I'roilucts—
Beef, canned
.
Beef.fresh.lba.
Beef,salttd,&e
Tallow
Pork Produele—
Bacon
Hams
Pork,
237,900
1.06-i.911
1,510,379
fresh,
salted, ic.
Lard
Dairi/ I*rod^ct8-
Butter
Cheese
Total*
'
Not
li
087,990
Ineliut ins live stock.
'^onttRvvisiS'Omvusvci^l guglislt ^eios
RATES OF EXCHANaE AT LONDON AND ON LONDON
AT LATEST DATES.
MZOMAlfOE AT LONDON- May
On—
Time.
15
Bate.
Amsterdam. 3 mos. 123'4 »12-4
Amsterdam. Sight. 12114 012Zk
Ham bur);.. 3 mos. 20-62 ®20-66
!r206B
820-66
Berlin
Frankfort...
20 62
20-62
Vienna
25-61J4a>25-66>4
25-61i4«25-66i4!
Trieste
25-52i3a25-57'2
Antwerp*. . .
23%ai23''8
8t. Petersb'g
Paris
Short. 25-26>4®25-31ifl
Paris
3 mos. 2.'>-45 S25-50
Genoa
25-77»s®23-82J3
4o^-d46
Madrid
Cadiz
Lisbon
Alexandria
Constant'ple
.
4f. -143146
57%a51''8
I
Bombay
"
"
dem'nd
"
Calcutta
New York. . 60 days
Hon<; Kong.
Is.
Is.
ma.
7i4d.
.
SbanKhai
XXOBANOS ON LONDON.
Latett
Date.
Hme.
May 15 Short,
May 15
May 15 siiort.
May l.T
May 15
May 15
May 15
May 15
May l.i
May 15 Checks
May 1^
May 15 Short.
May 15 3 mos.
May 15
May 15
May 15
Mavis
May 15 tel. tats
May 15
May 15 60 days
May 15 4 mos.
May 15
the commencement of the year gold lias been flowing almoet
uninterruptedly into the Bank from abroad, and that without
any endeavors to attract the motal. It Is possible that thia
movement will continue until the mual Autumn demind for
export commences, and even then It will be regulated by the
quotations for cereals and raw materials. Should values remain
as low as at present— and there does not appear to be any valid
reason to anticipate a permanent rise in breadstnlTs at least our
disbursements on account of food to foreign countries will not
be larger than last year. At the beginning of tho year the
stock of gold in the Bank of England was £20,603,496, and it
—
now
is
12-10
a gain of
is
Since the
The 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 % pf r cent. In sympathy
with the movement at the Bank.
The following are the present prices for money:
Oi>«n
Apr. 10
*
May
"
"
25-35
17
TradtmUt.
2«3
25^3
Joint
Stock
Six
Thnt Four
Months Montlu'ltantlu liantht
MonUu
2«« -3 nom
iyinota
!!H®2«
39-
nom
3
ane
2»S3 JSKOSM
1«91K 2 ® - 2!43
ixa - 1^3
I>lw'tB<M
7laM
At
OalL
8 «8H'3«» 2«®2J«
S & -29i»V!i
aSH'S<4(»SM
2«»
1
8
-
Fow
m@ --
Z4
15
InUreat aOowtd
for itfotUM tfi
marlut rata.
UmVm
•'
- 2«»2)«
- 2 82K 2!482X'2>«a8
8M
an
«M-8X
SM
9NSM
SM-W
3
The following return shows the position of the Banlc of
England, the Bank rate of discount, the price of consols,
the price of middling upland cotton and wheat, and the Bankers'
Clearing House return, compared with the three previous yean
25-"24
46-90
1885.
1884.
A
a
-day Mother bills. 24,644.415 25.623,845
Olronlatlon excluding
110-75
Is.
Is.
£.5,747,446.
;
Thru
20-47
20-43 >s
20-47
12-50
This
£36,443,943.
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 incur favor of £4,948,000.
The sum gained from general circulation lias, therefore, been
only about £900,000 but about £750,000 was temporarily sent
to Scotland last week in connection with the Term payments.
The position of the Bank of England just now is very strong.
Bate.
63l32d.
63l32d.
Public deposits
8.307,49
Other deposits
26.211.619
Govermu'tseourlties. 14,097,134
4-86 »»
3s. e^sfl.
4s.
Other securities
imd.
[From our own oorrespondant.
London, Saturday, May 16, 1885.
few vague rumors hare been circulated respecting f-arther 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 weeli 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. Copper and tin show a distinct recovery, the former disclosing a
I
A
marked
yet been reached. From the present poeition of the money
market there is no reason why the rate should not go down to
2 per cent, for there is scarcely any inquiry for money. Slnoo
20.747,523
Bes've of notes* coin 17,513,527
Coin and bullion In
both departments.. 26,442,942
Proport'u of reserve
to liabilities
Bank rate....
50-5 8 p.
2>9 p.
c.
o.
Consols
99!",, d.
38s. Id.
Ene. wheat, av. price
5iii(id.
Mid. Upland cotton..
9*d.
Wo. 40 mule twist
Clearing-House ret'n. 86,931,000
7.605.619
23,638.359
12.639.977
21,346,635
15,075,054
1883.
1882.
»
a
25.787,74.'i
6,701.7
»!»
23.449.837
13.S34.917
24.373.028
9.820,065
25,9^6,430
5 611,190
23 661.453
11 474.213
2 1. -it 6.379
12.608,010
24 953,899 19 857,810 22.724.440
48
p. c.
2<9 p. 0.
101 i«d.
38s 2d.
32i%
4
p. c.
p. 0.
li;2d.
43s. OtL
5>3|ed.
4
2*
p. e.
3p.e.
102isd.
46^ lid.
ed.
10\d.
lOd.
-,_
97,915,000 129,810,000 102.589,000
9'8'L
The Bank rate of discount and open market rates at the
now and for the previous three weeks
chief Continental cities
have been as follows:
Agra S8.
from the lowest points. The truth is values had
Apraaa.
Jlay 14.
Afay 7.
Rata of
fallen so low that further depreciation was hardly possible, but
Inttrett at
Bonk OpM Bonk onm Bank Opm BmJi 0*M
the recovery is none the less welcome. More encouraging reBate. Marktl Sat*. Harkt Bats. Marktl BaU. MMM
ports are also to hand from the woolen and cotton districts.
a
SK
8
~iH
~~a
~~aH
a
4
4
4M
*H
The tone all round is better, but we will have to wait Berlin
4
4
4
4
4
an
Franltfort
4
will
rosidt.
and
see
real
business
whether
any
4
4
4
4
Bambarf;
4
SM
8
SK
So far railway traffic does not reflect the healthier Amsterdam
S
SN
s
mi
a
8
SK
8
s
OH
8
unfavorably
tendency,
comparing
the
receipts
still
«i
4M
4M
4M
*H
4H
4M
4M
Yet there
even with the reduced totals of last year.
4
4
4
SN
4
4
8N
an
S
•
s
S
«
seems to be reasonable hope that we are about to enter Bt. Pet«rsbnis.. 8
an
an
an
8W
an
an
»i
upon a more active stage of commercial affairs, provided only Copenluuten
Messrs. Pixley & Abell report as follows on the sUte of the
that peaceful relations between this country and Russia be
maintained, and that they will be, the yielding disposition of bullion market
•nd jM
our Government affords a pretty sure guarantee. In a week
Gold -The Bank has bouRht sinoo laiit week a317.000.t.-d«y low£100,000. ill sovcreiKiis. for Lisbon. The Bank of EngUnd
or two we shall be better able to Judge whether the inquiries ered Its rate of dl.ioount to 2'4 percent.
V __ .1.. »«.*.«
rise
m
m
K
m
now
being
made
will result in such orders being placed as will
revive our dragging industries.
Financially the prospect
is
Siiver.-Wilh a further decline in '!•• JSTl°.„"fSL2f
•* ""™I5I5
gave way from our previous i|Uutatioi< of 49 V- *" *•'*?••aooooiieMMDt
settled; Mid yesterdajr tke
gmaU arrival ex Par.
*^^hl^SS
the
WM
THE CHRONICLR
644
of the sale of rs. 5.000.000 of transfers at 1 Vied, by tlio India Council,
did not esppciiilly Ttiid ro Imnlen the ma'ljot. tliougli only a small
adveitii-ed ft-i for tender next weelf and we quote -iHiid. »6
the price this day. The Kaisai-i-Hlnd takes iBI 8 1,000 for Bombay, and
*150 OOu in flodris has boen sent thencs from Venice.
Mexican Dollais.-Tlie dollars liy tbe Lafayette. £ 1 6.000 in value,
havenot jet arrivtd in London, but tbe majorioj' bare been sold for
arrival on French account. The cb let arrivals are: From West Indies,
4 16.000; from Vera Cruz. £20,000.
amount is
;
1
The quotations
for bullion are reported as follows:
May U. Mav
Prietof Goli.
d.
f.
Bar
gold. flne.
oi.
77
9
Bw gold, contain'K.
20 dwts. sllTer.oz.
Span, doubloons. oz.
fi.Am.doablooD8.oz
77 lOX
...
>.
7.
Price of SUver.
d.
77
9
71
vm
M.iy
BarBllTer.flne..oi.
Bar silTer.oontaln-
48«
lng5grs.gold..oi.
49J<
Cake silver
oi. 5SX
Mexican dols...ot.
...
14.
Hay
7
d.
d.
<9yi
BOK
SS
13-16
During the fortnightly settlement on the Stock E-tchange
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
now
being directed to the low value of money and the fine
weather, and a "bullish" feeling is springing up, but without
«o far causing any particular accession to the volume of
is
The speculative spurt seems to have died out. The
scarcity of stock should create a tone of steadiness, but it
business.
remains to be seen what will be the effect of the new Colonial
issues on the markets.
Messrs. Speyer Brothers are receiving subscriptions for
$3,960,000 4)^ per cent gold bonds of the Pennsylvania Railroad Company, the price of issue being 103>^ per cent or £207
per $1,000 bond.
The Bank of England invites tenders for £1,750,000 Metropolitan Board of Works 3 per cent stock, the minimum price
being OG}^ per cent.
Tenders for £3,S00,000 Queensland Government 4 per cent
have been received by the Bank of England. The
stock
,
tion of duties,
sumption of
the change.
till
it
all
[Vol. XL.
was not
Home-made
home
until 1867 that the total
sorts reached the quantity
spirits did
con-
consumed before
not recover their position
1872."
Rather varied weather has been experienced this week, but
has been an 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 wai-mer temperait
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 represent the crops as being somewhat backward compared with
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 tlie trade is regulated by the
agricultural prospect and by the supplies offering. In consequence the tendency is in favor of buyers. English wheat
has teen specially flat, and has fallen quite Is. per qua>rter,
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 homo-grown wheat for the
two seasons is now reduced to 4s. lid per quarter, namely,
34s. to 38s. lid. per quarter. American shipments are reported
last year.
applications amounted to £3,933,200, at prices varying from
£100 158. 6d. to the minimum of 97 per cent. Tenders at
£97 Os. 6d. received about 83 per cent of the amount applied distinctly heavier, and there are large supplies of Rusfor, and those above that price in full.
coming forward.
will
The average price sian produce
This
naturally
•obtained for the stock was £97 lOs. 4d. per cent.
tend to accentuate the reactionary movement which has
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.
of 99 to £102 5s. Tenders at and above £100 IBs. 9d. receive
The following return shows the extent of the imports of
allotments in full, and those at £100 13s. about 80 per cent. cereal produce into the United Kingdom during the first
The average price was £100 133. 9d. per cent.
thirty-six weeks of the season, the sales of home-grown proIt will be seen that these two colonial borrowings have been duce, the average prices reached, and other items compared
decidedly successful. The aggregate sum required was £6,500,- with last season:
000, while the total subscriptions were £14,433,000, or nearly
150 per cent more. There is no question that investors in this
198*-"!.
1883-t.
1882-3.
1881-2.
cwt. 3-l,''31..')19 3(i.-04..'550 4t,<b)l,185 42.24 2.913
country are viewing Colonial Government securities with Wheat
Barley
11,770,011 11,792.316 I?,fi.i8,():j3
9.899,720
growing favor, and it is not therefore surprising to hear that Oats
8,38'.i,6Stl
«,5«.--.,309
8,075. :i<i7 lO.iriH.ft^O
Peas
l,32n,92li
I,fit4.4'l9
1.18S.227
1,331,679
other colonies are likely to come forward. A New Zealand Beans
2.278,'J16
],M48,43t
l,T07,.5.i8
l,16ii,219
17,085,980 1^,312.674 13,7tii',S2rt 14,7^8.283
loan is talked about, and South Australia, it 13 said, requires tndlanoorn
Flour
11,83^,140 10,717,527 lv!,345,4U2
6.525,744
£2,000,000, Cana'ia promises to become a largo 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
£9,000,000 and the two loans just placed, it is believed that
something like £30,000,000 will be absorbed by these means
during the next few months.
1
884-5.
1883-4.
1882-3.
1881-2.
Imports of wheat, cwt. "4,93 1 ..lig 36,701.550 44,H91,188 42,242.913
Import* of flour
Il..>-3i.l4 6 10.717..^27 12,345,462
6,525,744
bales of Lome-growa-. 32,007,177 31,396,302 32,055,000 26,793,520
The metal market, as already stated, has been appreciably
Total
78.770,842 78,818,379 89,091.650 75.562.177
hardening during the week. No actual change has occurred
The extent of the sales of home-grown wheat, barley and
in iron, but the trade is showing greater steadiness.
oats in the leading markets of England and Wales during the
Tin has been decidedly firm. English has risen 48. and first thirty-six weeks of the season, together with the averforeign 3s. 6d. to 4s. per cwt. Copper also has moved up. Ores age prices realized, compared with the previous season, are
and regulus have advanced 3d. to 9d. per unit. Slabs, cakes, shown in the following statement:
sheets, plates, bottoms and ingots have improved from Sa. to
^1 per ton, and yellow metal sheets are about Jgd. per pound
1881-85.
1882-83.
18S3-84.
dearer.
The proposed addition
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 consumption,
of
Sales.
Ss.
and that probably a rate of 12s, per gallon on home-made
and 123. 4d. on colonial and foreign will not for some
spirits
was
raised to 10s., a very StHous decluie in
took place, and although the consumption of
spirits
consumption
colonial and foreign
^spirits
had been stimulated by
assimila-
Sales.
Av'ge
lYict
t.
Wbeat, qrs
Barley
Oats
2,238,409 :U
3,913,170 31
236,250 20
Sales.
a.
Av'ge
Price
s.
02,188,819 38 11 1,849,340 41
43.Oiil.934 32 8 1,93 1.57,'^ •13
v3.5,139 21
310,«:<2 20
ll
a.
5
9
2
Converting quarters of wheat into cwts., the totals for the
whole kingdom are estimated as follows:
Wheat
time, to come give a greater net return to the revenue than
that received under the old rates. In 1861, when the duty on
home-made
Av'gei
lYicel
1884-5.
cwt. 32,007,177
1883-4.
31,396,302
1882-3.
1881-2.
32,0i5,000
26,793,520
Ensllsb jnarket Reports— Per Cable.
The
daily closing quotations for securities, &c., at
London
and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending May 29:
.. .
:
— UxY
'
THE CHRONICLE.
30, 1880.1
J/OWiOtk,
124-Vi
124^
40>«
40 >«
71
itio
Tm
Paul..
Htook .
1
fH,
49:i„
I0c>7„
1007,,
4ni«
4«»i«
9i"i«
908,« too
l.«l,,
99»,, ino
H)fr SO 17>),80'i2lg 80'02>« )0v',0
I13\ 114
:.
Krir
rA«r(.
rue*.
49 "i)
d.
V.f
Ouji
Hon.
Bat.
BUrar, peroi
OonsolH f,trm(»n*»y
Oonaoln r '
Fr'ob ri
U. B. 4>.
i
a
10-S)
niliKilH Ciintriil
I2t-!U
52',
PeiiiiHV IvatilH .^
7 '4
PlillH<l«l|>lil»A Readlnir
K^w York Cnntral
Liverpool,
124V
124\
40
124^
SflfN
TOM
70»»
»»»,
6'^4
»'h
IVH'h
Oal*.
l2ftHi
179%
52 3»
7
52 >«
I^O't
S8i«
85 «»
ui'a
7
85Ts
B»H
H4>4
"
Wed.
r*i(r«.
iVi,
"
"
Jfon.
6'8
I
IH«««.
d.
(.
d.
'i"b
7 5
7
4
7 4
7
2
7
2
7
7 2
6 9
7
2
7
7
4 10
t
8I4
4 7>«
d.
>.
week:
30
I14>4
»'«
f.
f.
Btn-TRiAscniT.—Th* foOowiMii
tbn rM^pia Mtd paymenu »t the Sub-Ti«Marr1n thla oMw'T
aa wall aa the baUnoM In tha aama. for aaoh day of tha
12«'4
[
Sat.
10 '%
114<«
10>4
8t;!>i
l()<i:il
30'4 2>«80
XJmnD 8TATM
616
Receipts.
•
Mar 123,
"
••
i,noo,:iot 86
1.560. 172 19
2^.
se.
27.
I,n64,4l2 17
4.
1.1%4.5ao 01 144.151
l.lOll 173 ..•: 1 ll.l-.0.)
!
57
•
1.0','^,<*»9 .%6
SB
63.809 96
1,02
1,379,2.<4 85
92
1
29.
7.388.773
rotal...
d.
PayoMiite.
.l'.il
lOJ
M
.•
.19
Floor
(t'jt. HtHtel.lOO lb.
Wbe»t.Ni>.2.-tpry "
Wlntor. Wi>iit.,n "
"
0»1., No. 1
"
0»I., No. 2
2
9
6
Ooni. mix., old... "
4 11
Dor
-.•..ybbl 50
P..
2'.1
6
|ii
>
O
i<i
I
a
Bii.'.
Beer,
LBrd.
aiie«ae.
7
7
I
7
8
a
2
7
50 o
29
83 O
^4 O
50
50 o
29 6
87
34 6
51
4
50
7
50 O
28
O
143
33
34 U
9
60
5t)
I
©ommcfcial and pitscellattC0tt3 Ilcws
National Banes.
been orcanized
—The following national banks have lately
3,312.— The First National Rank of Orleans. Neb. Ciiiiital $30,000.
Umirio S liiirton. Prfsiilent; A. E. Hiirvi-y, Cashlt-r.
3,343.— Th(^ t'lr-it Natl.nial Hank of Aiilmrn, North Auburn. Ni-b. CapiIJ. .1. Wooil.Cagli'i-.
tal, .fiO.odO.
I'. W. .Sauiuolson. Pr.;8ld-<iit
3,344.— TUe Xatlon-«l Hank of San Marcos. Texas. Capital, SiO.oOO.
Daniel A. Glover, Proaldeut Toui H. Glover, Oaslilur.
.
;
;
—
Imports and Exports for the Week. The imports of last
week, compared with those of the preceding week, show
an increase in both dry jjoods and general merchandise.
The total imports wore ^7,6r)3,911, against 16,333,336 the preceding week and $6,030,910 two weeks previous. The exports
for the week ended May 26 amounted to |6,407,283, against
$7.00.j,759 last week and"|7,t03,316 two weeks previous.
The
following are the imports at New York for the week ending
(for dry goods) May 31 and for the week ending (for general
May 33 also totala since the beginning of the
in January:
merchandise)
first
week
;
rORBIOH IMPORTS AT
For Week.
1883.
«1, 85 1.9 19
9,974,7.10
$1,222,794
4,733,758
$11,826,739
$5,956,352
Qen'Imer'dlse.
Total
BinceJan.
Dry
SBW
1882.
Dry foods
TORK.
1884.
1885.
$1,490,5^8
6,163,323
$3,363,368
$7,653,911
$5<?,13,5,727
*50,245,897
131,199,158
132,412349
$1 1,7 13,6?
112.43l,'>70
1.
Ko«»d«
Qen'lmer'dise..
Total 21 weekB $209,334,885 $t8.i,090.511 $l«2.6i8.24t; $134 19^,620
In our report of the dry goods trade will be found the im'
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
pecie) from the port of New York to foreign ports for the
week ending May 36, 1885, and from January 1 to date:
BXPUKTH FROM NEW TORK FOR THU WBISK.
18S2.
For the week...
Prev. reported..
1883.
$5.259 403
12i.a00.525
1885.
18S4.
$5,896,051
138,814.510
Total 21 weeks »128. 559,993 {144,710,561
1200,000 Rold a«rtUloat4M taken out of oaab.
Postal Teletrrnph.— Tlenry Hosener and
B.
Chandler havf l)cen appointed receivers of th
ol»<
graph & Cable Company by Judge Lawrence. Iloth of llie gtntlemon named have been coimected witli thn mnnni^'cirifnt of
the company for some time, and their iipp
.ih rcccirers is in accordance with the wi»heH of the
control,
who desire lo smooth the way for a succtfc.^. ...
ition
of the reornaniz ition scheme. To a i^. V, Tim
nUtive an ollirer of the cotnpany stated that John
kay
owned about three- (if th.s of the company's aaaets, and that the
money needed to make the reorganization n succeaa would be
furnished by Mr. Mackay. It is proposed to Pecapitalize the
company at $5,00 i.OOO and have no bonded indebteilnes^ whatever. It is desired to have the holders of the $10,000,000
of bonds accept in lieu thereof 33 per cent of their par value
in new stock. The $10,500,000 of old Postal Telegraph &
Cable stock will he allowed 5 per cent of its face value in new
*5.7B7,3-1
112,367,432
stock and the $700,000 of floating indebtedness will be j>aid for in
new stock at the rate of $105 for each $100. Under such a
scheme of exchange $4,760,000 of new stock will be issued,
leaving $340,000 of the $5,000,000 of capital in the company's
treasury. It is claimed that the holders of more tiian $.'^,000,000 of bonds have given their assent to the reorganization
plan.
It is expected that Mr. Mackay will be in this city
between the 15tli and 30th of next month.
Virginia State Conpons.— At Richmond, Va., May 25,
Judge Bond, of the United States Circuit C'lurt, rendered a
decision intended to give practical effect to the recent decision
of the United States Supreme Court. He decreed that when
a tax-payer tenders coupons for his taxes he has thereby paid
his taxes; that he may deposit his conpons in court, and the
clerk thereof shall give him a receipt, certifying that by order
of court his tax is paid; that the Collector of Taxes is forever enjoined from levying upon the tax-payer's property,
and from returning said property as delinquent for taxes.
On the other hand, it is claimed that the tax-payer having
tendered coupons in payment will have to bring an action for
trespass against a collector who levied on his property, and in
such action the defendant can plead that the coupons tendered
were not genuine, and the plaintiff is bound to prove their
genuineness. Thus the principal object of the coupon-killers
can be accomplished, for no one can pay his taxes in coupons
without ilrst having and winning a law suit. The vexatious
question yet seems to await a final and satisfactory settlement.
—Messrs. Winslow, Lanier
umn
of the interest
& Co.
give notice in another col-
payments to be made
banking
at tlieir
house during June.
*fi,407.282
128,«7o,882
119,164,803 «135,386.161
shows the exports and imports of specie
•t the p<jrt of New York for the week ending Jlay 23. and
mce January 1, 1885, and for the corresponding periods in
1884 and 1888:
SX1^>KTS AND IKPORTS OF BPEOIB AT HBW TORK.
The following
• IlMladei
1
U
1
a
6
2
table
Auction Sales.— The following were sold at auction
by Messrs Adrian H. MuUer & Son:
Sham.
Shares.
lately
I
90,630 Trio Gold A BUrer
Mining Co
3c. nor sluue;.
15 Hudson River Water
Power* Paper Co
80
20 Glen Cove Manurg Co.190
230 4thNal'lUank. .112»4-112S8
5^ Nat'l Bk of Com.lSl's-133'«
33 Willi misourg City Fire
225
IMS. Co
800 Peo|i:e°8 Gas-Ught Co.
60 Greenwich ina. Co. .214
of BriMikhn
Sl-Sm
100 B'lvav ,V-7Tti »T RRro.203
53 Mi.nlauk Kite Ins Co.. !'3
201: r
163
2 Bank of Now York
29 Rowerv Fire Ins. Co. ...132
03%
44 s
59Cili7.euH' Naiioual Bk..ll8
"ill n- LVi"*
£0 N
25 Am. Kx. Fire Ins. Co. .110
501
19, Co
«05
16 21 Avenue RR. Co
182's
'•
123
10 II
37 Kurxers Fire [ns. Co.. .111
icis. Co
201
23 «in iMiwii
50 Bklyn. Lif.' Ins. Co.l 16-117
1.000 Columbia Rolling Mill
20 Bklyn. Acart'y of Music
Co
*1 25 per ah.
(with i.ilnil«s'n ticket). 107
100 Nat. Broadway Bank. .265
10 Clinton Hall ABsoc'u... 44
j;«n(/«
211 Pcunsvlv. Coal Co.2.0-220«s
125>s $2,000 Addl'on )c No. Pcnn.
131 Brooklyn Blink
-'13
21
C.
RR.
l,3l2NH«8auOa8-LlghtCo.of
'^'
.....«—
ty Si Nor120>4-121% $3,000
Brooklyn
$I2eiO*
folk
50 Long Isl. Safe Dep. Co. 75
my t*oclety 7i,
$1,000 l:>
18 Nassau Nar. Bk.of B'kn.201
07«4
dne 18SV
20 Home Life Ids. Co. of
'
!
HxporU.
Imporlt.
Sold.
.
Week.
er«at Britain
France
Qera;;niy
Since Jan.l.
Week.
SitieeJan.1.
$900
$256,800
9,562
so'sos
591,000
30,!:03
5,314,112
137,482
6:<K,6."iS
153,625
136,210
26,570
li',75C
17.S14
173.042
53,471
9
Mexico
South Auierlta
All other oouutriea. .
«
1,412.991
3,003.065
"i
f 5.92 1,1 20
00 36,212,38/.
$6.17,45.')
18,.'.
32,5U0
170,750
$239,170
$5,75B,528
"'i84
219,0l)f
7:<,361
3,850
179,827
$181,052 $5,197,031
4.300
3.232,731
823
4,736,313
'
Oreat Britain
Frant^e ....
Oermauy ....
. ......
.... ....
West Indies
Mexico
Bontb America
4',235
$
$24,332
76
12.274
4.370
17,803
402,524
All other coontrlef. .
Total 1885
Total 1884.
Total 1883
'
l.'9,151
175,2,57
313,265
5,308
•243,204
168.197
46,63.'S,18l
131.417
»677,589
5.759,304
32,r.93
2:l2,10t
6,03.4,768
30.08.')
1,654.541
1,931,910
Of the above imports for the week in 1885, f 103,053 were
American gold coin and $33,431 American silver coin. Of the
exports (luring the same time, $5,750 were American gold coin
and $1,250 American silver coin
—
'
I
I
N.
Hiltcr.
'
II
I
T»tal 1865
Total 18B4
Total 1883
'
Y
2001^
71 Mechanics' Nat. Bank.l47'M
18 C'lrii K.velLange Bank., 162 4i
1,.M10 New Cenirni Coal C.>..4''a-5
2,719 Coiimilid'd Bobtail Gold
fllOlot.
Milling Co
1 ,000 F.vn'g Star Min'g Co,$200 lot,
5 1 homas Iron Ore Co.$,4iH) l,.t.
23 ','.1 Avenue RK. ro.*12l lot.
1 Mi'nil)er»liip N. Y. Pro$2,330
duce Kxcliang.-'
$,-),OllO
I
,
Kll7.abeth City
A
Nor-
lolkKK. Istmort. Os gold.
due 1920. wiih 3 bonds of
$100 each for fund, coups.
Ist eouiion Sept,.
21.000
KR.
7
Feb..
44
18"»3
N, Y. City 7» AecH-
mulnt'd
$1,000 "
l>.-t>t
..lue '-is 1
-
.
)
2 >«Jc Int.
A
I.
Pao.
line 1907.
n
95
..ii
Ohio
$3.omi
1st
Rive20 Havana Gas-Ught Co.. 12'«
.. $101ot
mnr'
Co.ll6>»
Fire
Ins.
.ttuyves'iit
44
siog
$1 •
10 Real Ksralo Kxrh ngoi
«•.
Auction Room. Iliult'd.l''0>»
on.
3%
30 Ni.t. BK. nt Coniinetce.152
ivi\.
00.
fr.iL'll'n nv,
T.'O"
B>nk..l43>«
National
280 Union
109.
certfa. of ladcbledarsi
JCO Brooklyn Gas-Light Co, 126
'
•.
'
V
•
.
:
:
:
THE CHRONICLE.
646
[Vol. XL.
were Francs, S 18i@5 18|and 5 15j@5
16i;
reichmarks, 95 1-16@95J and 95f@93J; guilders, 404and40|.
The foUovring were the rates of domestic exchange on New
tiaental bills
DIVIDENDS.
The following dlvldeads have recently been announoed
Same of Company.
Per
Whtn
cent.
Payable.
Canal (quar.)
Navisaiion
Books Closed.
(Days inclusive.)
June 10 May 24 to June 10
Jane 12 June 2 to June 12
Iliiilsou
<te
3
NBW YORK, FRIDAY. MAY
:
York at the under-mentioned cities to-day Savannah, buying
i
premium, selling |-@| premium; Charleston, buying ^ premium, selling 3-16@i premium; Boston, 13^ discount; New
Orleans, commercial, 125 premium; bank, 200 premium; St.
:
miscellaneons.
Delaware &,
LehlRh Coal
1SS5-3 P. M.
The Money Market and Financial Situation. The business week ends with to-day, as to-morrow, Decoration Day, is
a bank holiday and the Exchanges will all be closed. Last
premium Chicago, 40@50 premium.
The posted rates of leadiug bankers are as follows
Louis, 90
;
many could celebrate the day only by decorating their own gravestones where they had just been iinancialiy
buried, and this year the»occasion is but little more cheerful, as
a dry rot in business has been substituted for the violent panic
year at this time
and doubtless as an inevitable successor of that
panic.
The best suggestion that can be made in a general way is,
Time is a certain cure for the disease, and that the economy now practiced on every side and the extreme caution exerthat
cised in
about a
all
operations are sure in the end to bring
financial
hcalthi(ir
condition of
:
29,
—
of 1884,
.
In the mean time
May
29.
Sixly Days
Prime banbera'aterling bills on London
Prime oommerolal
Documentary commercial
Paris (francs)
Amsterdam
(gailders)
Frankfortor Bremen (rntohmarks)
Coins.
Demand.
4 87»a
4 86
4 85»s
5 1818
40ii
9518
4 89
5 15»8
40%
96%
— The following are quotations in gold for various coins
$4 85i£».$4 90
Napoleons
3 88 « 3 93
X X KeicUmarks. 4 74 » 4 78
X Guilders
3 96 a 4 00
Sliau'hDoubloons.lS 55 ®15 70
Mei. Doubloons. .15 55 al5 65
Fim silver bara .. 1 07148 1 O8I4
Fim gold bars
p»r(*i4prtm.
Dimes & !« dimes. — 99%® par
Sovereigns
— 99%a par.
— 92 « — 94
— S414 ^ — 85ia
Do uneommerc'l. — '^4 -a — ....
Peruvian soles. ... — 77%® — 79
English silver
4 78 a 4 84
D. 8. trade dollars
8*Mt — S5
Silver 14a and ^ss.
Five francs
Mexican dollars..
U. S. ailverdollara
— 99%®
par.
—
United States ^onds. Quite a brisk business was done in
government bonds the past week and prices for all issues have
only one black cloud yet been strong and advancing.
affairs.
— "How long?"
all
parties except bears are anxiously inquiring
In the railroad world there
is really
hanging over the market, and
say,
the
is
among
quarrel
that,
it is
cutting in rates, which absolutely annihilates profits, however
large may be the tonnage carried.
Indeed, so heavy has been
the freight business in this bad year, 1885, that for the four
months, January
1 to April 30, the
amount of grain and
pro-
visions east from Chicago
was 1,292,628 tons, an increase of
222,140 tons (about 21 per cent) over the same period in 1884.
The
recent correspondence with trunk line officers has tended
confirm the opinion long held in Wall Street that the New
Central is chiefly responsible for the long-continued war
to
York
in
and
rates,
if
this
company
responsible for assuming the
is
position of nihilist, certainly the holders of
this country
the
and
in Europe,
both in
ought to be made fully aware of
its stock,
fact.
The bank statement for this week, issued to-day instead of
to-morrow, shows a decrease of $105,700 in specie and an
increase of $614,300 in legal tenders, witha decrease of $1,793,000 in deposits, making the surplus reserve now $60,708,935,
an increase of $956,850 over last week.
call loans during the week on stock and bond
have ranged at l@ljper cent, and to-day at the same
Prime commercial paper is quoted at 3}@4 per cent.
Rates for
collaterals
figures.
The Bank
England weekly statement on Thursday showed
£318,274, and the percentage of reserve to
jiabilities was 51 J, against 50 1-16 last week; the discount rate
was reduced from 2i to 2 per cent. The Bank of France gained
7,379,000 francs in gold and 5,452,000 francs in silver.
The New York Clearing House banks, in their statement of
May 23, showed an increase in surplus reserve of $3,396,025
a gain
The
hardly necessary to
closing prices at the N. Y. Board have been as follows
the trunk lines and the deadly
of
in siwcie of
the total surplus being $59,812,075, against $57,416,050 the
previous week.
Interest
'Periods.
-reg. Q.-Mar.
41*8,1801
41*9,1891
.Viiy
May
May
23.
23.
26.
lllSe'
2
.
j
*
This
la
the price bid at the morning board
State and Railroad Bonds.
7,
May .May
---
u'l% niisg 11218 *112
.coup. Q.-Mar. nr2%,* ii2'r •11234
-reg. Q.-Jan. •rjiTgi 122 !« •12.'
12218
ooap.Q.-Jan. 121^8 122
3s, option U. 8. ...reg.Q.-Fcb. *103
103
103
6i,our'oy, '95. ...reg.|.I. & J. •12i<li! MSgis •12912
6i,oar'cy, '96. ..reg. J. & J. •i3ii2,«i3m! •laii^
*133 *133i4
69, our'cy, '97. ..reg. J. <fe J. M32
•'135 14
63,onr'oy, '98. ..reg. J. 4. J. n34'8'*135
Ba.onr'oy. '99. .re<f. J. A J. '136381 13658 I37I2
48,1907
48,1907
May
:
— Sales of
29.
*n2
II3I8 IIHI4' 113ie
12214 122'4 12214
122 14 •12214 122m
103 Ki 11314 IO318
•129 •I29I2 •130
•131
*13I i« •132
•13314 •I33I4 •13314
M35 •ir.sis •135»B
«136ia •1361a •13608
no sate was made.
bonds were
State
as
follows: $10,000 Noith Caiolina 6s, 1919, atllOJ; $33,000 do.
bonds at 5@4J; $15,000 Louisiana 7s consols, excoupon, at 65J@04J: $30,000 South Carolina Cs, non-fundable,
at 3; $1,000 Georgia 7s gold at 114.
special tax
R:iilroad
bonds have been somewhat active
as
compared with
the stagnant condition of the stock market, and the sales of
Erie 2ds have been large, with the price
weak
;
they close at
50J last week. New York Chicago & St. Louis
Ists have also had a further sharp decline, closing at 66J, against'
70i on the other hand some classes of bonds have been quite
46J, against
;
&
strong, notably the Louisville
Nashville issues; the general
mortgage 6s of that road close at 100^, against 98; do. trust
bonds at 92i, against 904; do. ten-forty 6s at 78, against 73^;
do. E. H. &'N. Div. Ists at 109J, against 107; West Shore 5s
close at 31, against 30J, under the jirospect that all interests
may agree upon the Inst plan jiroposed for settlement by foreclosure; Denver
Rio Grande ists at 101, against 98.
&
—
Railroad and Miscellaneous Stocks. Another exceedingly dull and stagnant stock market is to be reported for the
past week, with the bulk of transactions confined to a few
leading shares, the most conspicuous among these being
Lackawanna, in which stock there has been, at times, considerable 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.
1885.
May
Differ'neesfr'ml
Previous Week.l
23.
1884.
May
24.
1883.
May
26.
liOansandriis. 8296.000.200
Legal CeudiTB.
Legal reserve
Beaerve held.
$2,748,700 $313,178,000 $316,281,5110
1U,607,>00
966,000
45.510.000
62,82B,80j
10.430.200 Dee.
98.900
14,316.8
1 ,t'9i.J0i
3iia.27«,90U L»ec. 1,(591,900 296.575,300 309,«30,80i>
3t;,024.l0^. Inc. 1.006,300
2i!,026,700
Vi3,7o8.300
$90,819,225 Deo. *423,725 $71,143,825 $77,407,700
160,631,301' Inc. 1,972.300
67,536.700
8d,585,lU0
Borplos
«i9.812,075 lnc.$2,39tl,025 df $6,607,125
Bpeole
Cnroulation
.
.
Net deposits..
$9,177,400
Exchange.— Sterling exchange
continues dull in tone, the
inquiry being very light, and posted rates were reduced
i ecu*
on Tuesday; the following day, however, the 60-day rate was
advanced J cent in anticii)ation of the reduction in the Bank
of England rate of discount to 2 per cent.
To-day the
rates
on actual business were as follows,
Bankers' 60 days' sterUng, 4
Cables, 4
88i@4
88}.
87;
for the use of its tracks and terminals, which would naturally
to the Jersey Central income.
To-day weakness was the ])revailing tone, and on a very
small business prices generally declined; a dispatch from
add considerably
viz.
demand, 4 88 @4 88 J.
Commercial bills were 4 85@4 85J. Con-
86f@4
were pretty firm, but they have gradually given way, in consequence of the extreme dulness and lack of support, rather than
to any particular activity of the bears.
The continued reports
of cutting in rates, the lack of harmony among trunk lines,
and more especially the cut in passenger fares instituted by the
Pennsylvania Railroad, have all tended to depress prices; while
on the other hand the support given to the Gould properties
has had some effect on the general market in sustaining prices.
As stated above, Lackawanna has been most conspicuons for
activity, and the price steadily declined to lOOj on Thursday,
closing to-day at lOlJ against 104J last Fiiday.
There was
an apparent lack of support from the clique supposed to have
controlled this stock for so long a time past.
Jersey Central has shown some strength, being stimulated by
the proposition of Baltimore & Ohio to make an arrangement
Chicago that St. Paul had given notice of withdrawal from the
Colorado pool added to the unsettled feeling.
I
. ...
Uat
THE CHRONICLE
30, 188S.]
647
NEW YORK STOCK EXCIIANUE PRICES FOR WKKK ENDING MAY
^^
89,
HIOHX8T AND U>WK8T PBIOKS.
STOCKS.
Hatunlar,
ToaKUy,
Mondar,
May U».
May M.
•iMaf
WadOMday, TharMUr,
KajrSSM»r87.
Majratf.
AND SINCE
IKlar,
MarJM.
thaWaak
ill*. 1,
BMwMaM Jm.
(Hbana).
IMf.
laM.
1.
lowwl.
^&
I«ir.
RAII.KOAUH.
Albany
^c HiiHijiiotiiiiina
Boaton.t
N
C«nu.luiii
1-iU-llli'
•27
MlunoAOta
C('<l.ir I'liMs i^
«'lMltT..l Ii.\>»
<'oiitiiil of
88
I
»
'idpref.
Alton
I
,
CUiciwo Mllwuukeo
A
1813.
Kock Inland
ClitCAfro
&
•
prof. •128
86 >4
30^
37 >»
30^4
Minn.
A
Uui.
prof.
6
Hi
13H
138
en's
6B«»
109 IOSS4
g3>4 840s
•20
21
n»4
72»(
6V|
•19
21
71 '»
7m
*h
a\
104'-^,
e8<l4
UUt4l
I9S4
Uno 4 p. ct
Indiana Hlnoiulujft'u «& West'a
Ljiko l''iui A Western
I.;ikr Sliino
r^artUville...
..•« AlliauyAChlc.
«,
16>a
-a
'
76^
S3H 34
3>a
17
20
127 "a 127 >a
62
62«B
78 "a 78 Si
33
33»8
98V
98>a 96Sl
36
•123
30s
102% 103
6%
3%
3>8
3%
4I4
20
•86
90
10
4%
4%
0%
9Sl
«Si
52% 62%
32% 33 S.
96 S« 97
36
124%
•47 Si
61 Si
•47 Si
80 Si
98% 98%
it
89% 89\
89% 89%
10
10
10
19
19
19 Si 19%
10%'
20 14 20 >,
189 189
7%
89%
9%
9%
7%
•16% 17
Oliio Central
Olilo
.Mississippi
13^^
Ohio Southern
Oregon short Line
O^OKon it Tnins-Contiuental...
14!*
A
10
"l4Si
1"»
49
•2S4
A
Fittnburs
Rome Watertown A
Lools Alton
Do
Paul
A
Dulath
pref
TeiasA
A
Manitoba
1%
49
14%. 14%
20
33Sl
84 ^ 84 Si
85 Si 83 Si
10',
•2%
pref.
9
•14
9%
Si
15
13% 14
••48
49
49
•19%
•2%
21
21%
2%
•8
20
34
20
34
84%
•84
20%
33% 34><.
84% 84%
19 »4
7
69%
•67
3
7
3
•5% 0%
52% 82%
76% 76%
82% 33%
96%
37
1,400 106
400
5%
3%
•8%
•5%
•3%
6
49
4'i
24
5%
9%
6%
81% 82%
•76
19
69
19
59
10%
9%
0%
96
97
77
77%
77',
66
64% 68%
Pacillc .Mall
Pullman Palace Car Co
Quicksilver Miutng Co
e8Si
25
17% 18
06% 95 't
153,
•4
59% 60%
E.XPREij!!).
137
137
•118
119
6
•4
5
United .States
69% 60%
134
95%
63
A Co
55% 56%
119
"22% 27
pref...
American
138
95 Si
53
•22% 27
80% 60 34
131
•95
•51
110%H0S! 110
INACTIVK STOCKS.
tohlann Toneka A Santa Fe.
Chicago A Alton, pref
dnclnuati Sandusky A Clere..
<)olnmbus chic. A Ind. Centr'I
JoUet A f hkago
34
34
19
18%
29
69
28
Mar
7
91
Apr. 30
88
Jan. 81 141
I .1,. ^i
Feb. 38
Feb. 34
May 6
Jan. 27I
4%
9%
1^
M%
160
250
1,500
HI 48% May
29% May 27
10% Jan. •-•«
7,975
2,700
H%Jaii. 22
124
934
4%
•4
•89
9%
20
8
•7%
634
2
•8
2%
•6
16% 16»,
38% 38 '(
18% 13%
3334 39%
%
%
90
9%
8
2
8%
17
18
17
16%
37% 39
%
%
•11% 13
13%
14
13% 14%
13%
1334
14
13% 13%
9
13
9%
9%
24
%
Miiv
7
2!l
64 % Feb. »li
3434 Feb. -M
13 Feb. 28
29% Feb. 'JO'
19% Mav
I
1,410
300
122
2,850
625
3,200
1,400
100
2%
2%
18% 18%
2%
•234
3
340
600
800
450
10
•19
20
33% 33%
84
84
*19
31
84%
30
34%
8434
•19
•33
•83
20
34
84
900
% May 27; 134 Jan.
10% May 4 19 Jan.
May
2,
Mar. 19
Apr. 27
17% May 8 31
Feb. 25
8
?*
19
68%
58',
10
10
97
138
97
53
110
•68
77%
66% 66
24
•74
6534
6
•22% 27
60
60%
138
•95% 97
•51% 63
134
69
9734
99%
78-
6
53
•9% 10%
98% 99
77%
74% 75%
63% 5534
118% 118%
-3
60%
77%
79% Jan.
9% Apr.
19.358
111,830
400
280
800
262
486
7,388
4,967
1.600
40,875
266
5
138
69% 80%
134
97% 97%
63
•95
62
110% 110
66% 68%
140
97%
62
110%
Apr. 30
May 12
Feb. 26
Feb. 7
900
•22% 27
•22% 27
•81
7%
77
74%
56%
•3
110% 110% 110
3%
62,687
41
2
2
8
Mar. 21
Apr. 30
6% May
3934 Jan. 8
87% Jan. 10
24
6% Jan.
14
Mar. 28
Jan. 27
May 2
Jan. 3
Mar.31
66% Jan. 32
138 Apr. 80
21 Jan. 3
69% Jan. 39
46% Mar. 31
107% Jan. 3
8% May 18
80 Jan. SO
63% Jan. 3
20
60
4
10
61
2
8
80
140
>144
•144
•144
14
196
•119
'f'
16
Hoiuestake .MiiUngOo
Harylatid I'oal
May
7
Jan. 12
4%
25
Ontario Silver Mining
and a«k«4: qo
«4lg
was OMd? st tbs Board.
SCO
800
4%
26
3«I>1
71%
iSI^
18
43
37
ni
Jan.
Jan.
Jan.
Feb.
Feb.
Jan.
Ftb.
Lower prlM ia ex.diTldMid.
66
4
l»>i
83
•IS
17%
8
67 114
Apr. SO 133% 170
Feb. 30
8%
Apr. 80 60% iS-
90
Jan. SO
SO
49
63% Feb. 10
31
8%
M
8 83
Mar. 19 143
Jan.
161
140
10 18
19 118
18
7
I..LI
8;
Mar. 35
7
98
78%
187
103
81%
111
isn
«%( 94
fa*^
6
87
84'-
*
Mar 13 187
""
19%
Mar.
17
IM
,__
^'•rlg 118
Mar 26 188%, 1M>*
81
18
isa^
131
Mar
80
90
B
63% Mar.
May 9
4% Mar. SO
80
96
76% 98
8% 33^
38
84H
3 138 ACT. 80| 136
3 97%M«y 4! 87
Apr. 7| 48
31 85
3.111 Apr. 16,
Mar 18
w
t
10%
30
84
11% 39
24% 80
70
«<%
a»\
16
May 7
May 14,
130
Jan:39 163
7% Apr.
Kaw Central Coal
139%
34
99% May 38
86% Apr. 16
138
84
77
32% Mar. 4 26
123 Jan. 83 148
196 May 36 196
116
40
19
10
•119
•119
123
88
1
13% Veb. 34
6e>4May38 78
147
Feb. 27;
82 May 14
90% Mar. 16
13% Feb. 36
66% May 23
7
40 13(T Jan.
36 87% Jan.
SO 48 Jan.
338 104% Jan.
108
13
127%
Apr. 29'
Feb. 27;
32% Fab. 37
1% Mar. 10 l%Fek. 6
140
18%
8
84%
17%
8% Apr. 29 13%
13
May 29 19 Jan. 2' 16'i 60%
138
119%Feb. 17ll34 .May 29, 119%
120 Mar. 91129% Apr. 201
136 % Jan. 29 148% May 21 188 i4ii%
1
May 23 2% Jan. 17
3% s
81
44% Jan. 19 54 Mar. 9 32
83
18% .Mav 29 28% Mar. 11! 12
I«%
I'l
2% Mar. 11 4 Mar. 6
34
14
17 Jan. 2 19 Feb. 20
SO
15 May 1 26 Feb. 26 18
1034 Apr.
810
486
118
134
5334
24
118
60
.
3%
68
•9% 10%
96%
77% 78
•3
63
-6%
I'*
19
83% 85%
11
11%
»>
44%
86%
Oh 28
6:i% 100%
14
12
21
15
30
79
1,900
Consolidation Coal
Tlieae are Uie prices bid
31
7 Si
17
,
20
144
Canton Co
61%
89% Mar. 21 97% Feb. 1(1
100
7% Jan. 7 9 '4 Feb.
100 11434 Jan. 2 12134 Apr, 30 '115
33 Jan. 7 42% Feb. 27 30
71,681
82% May 29 95% Feb. 23' 83%
700
l%May 5 6% Jan. 8 4
4 Mar. 25
934 Feb. 17
7%
289 84%J,an. 2 90 May 21 88
8,705
9% May 29 1434 Jan. 6 11%
2.S0
19 --.-,
May ...
Jan. 8 20
18j SO
•
526 12 Jan.
8
17 22% Apr. 30
60 175 Jan. 2 190 May 2 175
60
334 Apr. 14 12% Jan. 6
7
320
l%Jan. 12 3 Feb. 28
1%
4% Jan. 27 8 Feb. 20 4%
200 17 May 16 25>4 Feb. 28' 17
1,325
14
15 Jan. 17 19% Feb. 28
10.644
36%Jan. 2» 41 Mar. 16 87%
14'8Mar.21
14'
9
13
184
133%1.S3% 133% 133% 134
68% 88%
Jersey...
Warren
n
..
1,211
.Missouri River...
York Klevat^d
HON'lOO
38
•!%
126% 141
'J.-i
8
•48
•20
%
if
100
100
400
30% •36% 38%
84% 82% 83%
2
2
2%
•36
8334
'2
•r- 6%
17% 17%
•9% 10
,
Jan.
11
11
17
6 65 Feb. 12
4% Mar. 10
8
28
8 Mar. 8
4%
87% Jan. 10 83 Miff. 30 80
8 Jan. _
4%Apr.S3i 8%
190% Jan. 20 200 Mar. 34 186
14 Mar. 26 80 Jan. I4I 30
61
119%Jan. 17 128 May 2« 110 14«
84 Jan. 16 99 May 29 70
tM
8% .May 14 14%Peb. 34I »
4 % Ajir. 29 17
6',
Feb. 21'
19%
S()34 .M^iy 12 87'i,Feb. 25
89% 104%
62 Jan. 2 77% May 20, 82
78%
22 Jan. 18 35 May 18 22% s\H
ll%Jan. 6 27 % Feb. 30I 10
38
66 Jan. 16 07 May 261 64% 79
ll%Jan. 8 18% May 19 10
84
27% Jan. 15 44 Mar. 7 33
4«
90 Jan. 2 9334 Jan. 80 88 lOS
33,3.10
Vlnclnia Midland
•
111.
48% 48%
123
19% 19%
26
118% 118% 118
Western Union Teleorraph
New
2
.
4% Jan.
346
10
400
200
12,520
1534
24% 25
17% 173^
95% 95%
20
3
10
Gas Co
Hudson Canal
"United Ce's of
Jan.
234 Jan. 16
1,060
96% 98%
38
39
.
Jan. 17
Apr. 21
66
206
600
16
19.336
HQ
1.-.
'118 ll4«%
May
Msrlt"l07 lt7<
94%
14%Jnn
30
88
82% Jan. 22 109% Mar. 9i 8a%lin%
4 % May 1 10 Jan. 16l
808
60
300
77
32 »,
23
32
•21
J;l„.
'•119
6% Mar. 31
18
1,000
3,460
124»4
4Sl
9',
5%
8'«
10%
7
96%
New
81
'IS
20
l!i7%l'27%
89
89
128
90
•9% 10
83% "84% 85% '84% 88%
11% 113i 11% 11", 11% 11%
63% 51
53% 54% 83% 64
79% 80%
24% 24Sl
A
4'(
•83
98 Si 97
Ijonislana
l'.".'i
21
85% 85%
10% 11%
53% 54%
"6%
Si
68% 58%
York & Te.tiis Land Co..
Oregon I lujirovemenl Co
Oregon Railway A Nav. Co...
Wells, Fargo
•30
17
J>elaware
Adama
•8%
20
23^
Consulidateil
Do
2
'.»%
S
70
20
33
64% 55%
PaciUc...
Bankers' A -Merchants* Tel...
Colorado (,*o;il A Iron
it
19% 20
89% 71%
•48
,
12% 12%
14% 14%
17
10''9
MISC-EI,L.AN'EOU!».
American DIst. Tel
Auiericau Tel. A Liable Co
Now
lAH'-i
__
I'acillc
P.icilio
Wabash St. Louis A
Do
Si
3
300
7
209 , 4%Ap I. 'J'J
100 128 Jim1. 2
pref.
pref.. ..
xst pref.
Paul Minneap.
Vnion
14
10
15
A Torre Haute
Do
St.
%
Offdensb'gi
Do
Do
St.
39% 39%
39 >4
*%
|
A San Francisco
Louis
6
19'<
122
ctJs.
Richmond A Dauviilo
Rlchmdit West P'ut Terminal!
St.
39
special.
Rochester
St.
13
%
•16% 16%
16'e
133% 133% 133% 133%
.
Do
28
90
8
Peoria Decatur A Kvansville..
Philadelphia A lioa<iin;f
....
PittsburK it. Wayne A Chic.
Rensselaer A Saratoga
Rich. & Alleg.. stoi-k trust
•8%
•8%
2%
•16%
39 "4 39 '4
pref
6%
8%
•6
20
•7%
Western, pref
Do
1.408
100% 103% 100% 101 't 187,011
60
. .
Norfolk
13
71% 71%
48
•48
60
29% 29%
36
-124
•i
pref.
Nortlieru Pacilic
116
8
10
•6
8
17
18
35
.
Do
114% 114
25»4
prof.
,
Si
16
36
Missouri Kansas i& Texae
18 '4
18
18% 18% 18
18% 18
Missuuri I'acilio
95 V, 98
95% 98
93% 93',.
95 S) 93 3.
Mobile it Ohio
7S,
7%
7Si
Morris it Kr^sox
123% laa^i *122Sil24Si •123 124 •423 124
Na.shv.Cliattanooira it St-Louls
New York Contral A Hudson.
84% 84 ''j 83% 84%
83% 84 S^
New York Chic, it St. Louis
2
2
2
.
11 1
•a
:ii
1.
Il),
108 198
•18
25
127 Si 127 Si 128
•87
•87
62 i^ 523,
78 Si 78Si
33 >8 33 Si
2591
18S.
A Western
New York Liike Erie & W'est'n
Do
pref.
New York .t New EnKlanil
New York Now Haven it Hart.
NewYork Ontario it Vyosteru.
New York sus*i. it Western
11,41.
80
8
19
38
36
'125
.
Nil. Ij. Shore it Wost'ru, pref,
Miiiueaitolis it £51. Louis
Do
pref.
Do
New York Lack.
•4%
'J
14
83,616
121% 121%
8,161 116% Jan.
67
68% 103,797 88% May
10434 10|3,
3110 102
Jan.
93
93% 8a,»«« 84%Jan.
l27Sil'J7%
860 110% Jan.
132
24
1*48^
.-utral
.
71%
•5%
52%
t
,.
Ml :',
M.vU,-
113
•13
71
30
SSi
'3'4
-6 "a
"9
95 Hi
;l(iv:it«Ml. oonsol..
lU'ach Co
.
'tcuiodton
:ll Klovat«il
:
.^:
(IK
I
•19% 30%
1021^ IOSIb
6V4
3i«
r
3<a
78
iiul
•7\
47
Shi
16
Toxas Central
•4
Si
'12
18
20
71'a 7lHi
80
8U
4»4
loanocl
.
7
I
llarlotn
!
(IHIg
57
•6=9
47
llUuois Central
.
i?*8I
41.J
86% 37%
80% 80%
•4
4%
•7%
184
prof.
D<i
'
II
tH
8
67
KvansTtlle.t Torre Hanto
Urroti Kay Winona & St. Paul.
LoMir Ul
11
191»4l21"4'12l'2l22
•12
•4=4
it Kio (iranilti
IhilMinno .t Sioux City
Kii.st lennea.Heo V'a. & Oa
Do
•4',
4'.i
7'a
4<H,,
121'i:12'."4
Lackawanna A West. 104^1047, 102%
Donver
it
11
gfjii' S7
•30 14 ;ii
8
prof.
10
Houston
1>«
400
UN)
870
"
4^4
develiviHl Cul.Cln. *t ludlan.ip.
Clovolimaiit I'ltiabiirit. (tuar...
Coliitnbia it (irfoiivillo, prof...
Dt'hiwaro
•a
.
•OS
10»«
I.ouistS: l*ittdburff.
I'D
ChlcaKn St. I'nul
1
10>4
100
lOlHllOl
94 "b 9n
1(3 Si !i.
93 >4 94 Si
128 "a 128 128
128'«12K'a''127 I'.'s
PaciUo 114>all4S4 Il4>sll4>« 114Vlll4>4' IIS 115
prof.
Do
eOH 70
St. I'aill
Ohloogoift Northwestern
ChlcuKust.
'4
•4
t'hkiu-o :iiirUriKtunit uuliicy. ttavi
Do
88 >
80 Si 30 »,
iHtprof
]>o
Vn
.S7V
31<% 81>a
Coiltiul I'lHllllO
ClioMftitenko i&Oblo
.1;
•27
lOia
'sr
39
I
Now JerHey
(."hli'ajrii
28
10<a
n'lll.'ii.M.r
•60
•So
40
s.iutiu'Vll
t'lillthlJt
PKh
131
V. Alr-l.liio, prst..
BiirliiiKt'iu CiMt. Uaplilaift No..
Feb. 38,
Mar 38.
h
IS
10
38
—
—
1
.
,
.
.
.1
.
,
THE CHRONICLE.
618
[Vou XL.
MAY
QUOTATIONS OF STATE AND RAILROAD BONDS,
29, 1885.
state; bonds.
8ECURITIB8.
Bid.
8KCITRITIB8.
A9k.|
SECURITIES.
Ask.
Bid.
1
1
New
SECURITIES.
Ask.
Bid.
N. Carolina— Continued-
75
OO^s 90 U Loulitana— 7s, 'Mra8.,1914
Al»t)am»-01a8» A, 1906.
"65 -i
Kx-matured coupon
104
Class B,58, 1906
90-V Mi880art-63. 1886
ifli"
87
Class C, 48, 1906
6»,dne 1889 or 1890.... IIJ
106
6s. 10-20S, 1900
A8yrmorUmv.,due'92 115
3
7
Arkanaas— 68, fauded
121)
10
rundins, 1894-95
73, L. Bock & Ft. S. 188.
10
Hannibal & St. Jo., '88. io.»
78, Memp.ca L.Rook RR
10 '.'."'.'J New york-6s, reg., 1887 103 In'
78,L. K.P.B.&N.O.RR
113 1Aft loiin 1891
10
78, Misrt. O. <fc R. R. RR.
115
2 '"s"]
78, Arbauaaa Cent. RR.
117
101
68, loan, 1893
ao
104=4
N. Carolina— 68, old, J.*J.
78,1886
10
114
Funding act, 1900
78, gold, 1890
18
bonds, J.&J., '93.8
Special tax, all classes.
Bid.
Ask.
Tennessee— Continued—
6b,
4'3
new
1914
series,
4
2
51h
C'tnp'mi8e.S-4-5-68,1912
Do
Wil.C.&Ru.R. "87"
Virfjinia— 6s, old
68, new, 1866
Consol 48 1910
lo:)34 iiovj
68, consol. bonds
68, 1019
106
Ohio 6a, 1886
63, ex-tnatured coupon.
68, consol., 2d series
Soutii Carolina—
68, deferred
63, Act Mar. 23, 1869
4
3
District of Oolumljla—
non.Iandablo, 1888.
109
3-658, 1924
Brown consol'u 68, 1893
Tennessee—(is, old,1892-8 4213'
42
FundineSs, 1899
6s, new. 1892.8-1900 ...
39
39
80
60
50
i
61
)
(
iio
1
BAILROA^D BONDS.
SECURITIES.
SECURITIES.
& W.—Contin'd—
Ask.
Bid.
SECURITIES.
Ask.
Bid.
Moms & Essex— Ist, 7s.
141
...
..-
IStock Exchante Prices.)
2d, 78, 1891
1141a
Bonds, 73, 1900
7s of 1871,1901
12213'
1371a
2d, 7s, 1912
129 "a
3d, 7s, 1912
Clev.&Pitts.- Cons,s,fd,( 12c
1
12312
I
!
.
-
I
I
1
[
1
I
I
1'
4th,
68, 1.892..-.,'
St,L.V,&T.H.— l8t,g.,7s|
'
Con., lat, ext., 5a. 1922,
Roeh.ctPitt,— Ist, 6s, 1921
Consol., 1st, 63,1922 ...
Atl,&Ch.— 1st,
|
1
.
|
—
>:
.
I
I
I
&
St. L.
2d, 7s,
V
I
1
Cairo
.
.
!
EegiBt'd. gold. 7s. 1902. >131
113 114»4
Sinking fund, Os, 1929
Sink, fund, (i8,1929,leg- 113
105 14
Binklng fund, :>», 1929
Sink. fund, .js, 19'29, reg
98 3j
fd. dob.. 5s, 1933
25 j-ears dc'b. 5s, 1909
Escanabatt L. S.— lst,6! 110
DesM.JjMiu'ap.— lBt,7s 124
Iowa Midianil— Ist, 8s >1'29
Sink's
am
.
Penln.silla
Consol., coup,, 1st, 78.
Consol,', reg,, l8t. 7s
114
117
...
jl.
l,.&
79
104
W.— 7s, conv.,'92
136
Syr.Blng.AN.Y.— lat,7s 131
Mortgage,
78,
1907
• No prices Friday
;
Cs, 1898
Benv. Div.68.aas.,*99
1st.,
1291a
lal.
I
80
Sa, 78, 1906
Pac. of Mo.— 1st, 6s...
2d, 78, 1891
St.L.A S F,-2d,0s,
6s, Class C, 1906
68, Class B, 1906
Ponsacola Div.—Us,1920
St. L. Div.— 1st, 6s, 1921
2d, 3s, 1980
Gen.
A
1111.J
10534
112
98 14
961a
A
6s, 1922...
Sandusky Div.— 6s, 1919
Rio
Laf.Bl.A M.— Ist, 6s, 1919
loqia Loui8V.N.Alb.&C.-l8t,6s
90i.i
2d. 6s, 1899....
made tUs veek.
G., 68,
Aug.
cp.
on
621.2
exAug. cp. 49 14
Do
Gen, mort. & Ter. 6s..
Pennsylvania RR.—
Pa.Co.'s gnar,4 i-2S,l8t,cp 100
901a
101 la'
Pa. Co, '8 4 las, Reg., 192
'
Pitt8.C,&St,L.-.l8t,C.,7s
Ist, reg., 7s,
2d. 78. 1913
t
1900
Coupons off,
iis'
>t
A*. 1.
T.— 1st.
i07ii
73
1931
58,
gi-.,
7s.
H.— lBt,7s
>114ia
73>i
109
2d, prof., 7s, 1894
2d, income, 78, 1894 ....|
Bellev.A So, 111.— 1st, 88
St.P.Mlun.A Man.— l8t,7s
2d, 6s, 1909
1
961.;
113
112
113
1
Dakota Ext,-6s, 1910.. 112
1st, cousol., Cs.
1933
107 14 1071a
i
consol., 6s,reg,,1933
l.at,
110
Min's Un.— 1st,
Cs, 1922
St.P.ife Dul.— 1st, 53, 19311
So. Car. R'y.— Ist. Cs, 1920'
2d, Cs, li)31
96
'
Shenand'hV.— l8t.78,1909i
95"
General, Ca, 1921
55
65
Tex.Ccn.— 1 at, s,f,,78,1909
Ist, 78, 1911
Tol,Del,& Bnrl,— Main. Cs
1st., Dayt. IJiv.. 6s, 1910
Ist, Ter. trust, 63, 1910.
Tex.& N. O.— 1st, 78, 1905
80
.Sabine Div...lst,6s,1912
Va. Mid.— M.
64
inc., 63,1927
Wab.St,L,ifePac.— Gen., 63
25
75
Chic, Div,— .5a, 1910
30
Hav.Dlv.-6s,
191(1
Tol.P.&W.— lst,.7s,1917
Iowa Div,— 63,
1921,
75
...
Div.— 6a. 1921.
Detroit Div.— 6b, 1921 ..
Cairo Div.— 5s, 1931 ....
Wabash— Mort. 7s, 1909
Ind'polis
T0I.&
70
'
W.— lat, ext.,7».!
100
90
1st, St. L. Div., 7s, '89.1
2d, ext., 7s, 1893
Equipm't bds, 78, '83.1
Consol. conv., 7s. 19071
Gt,Wost'n— Ist,
73, '88:
2d, 78, 1893
Q.& Tol.— Ist, 7a, 1890
Han.A Naples— l8t, 7s
78
10434
•90
104%
1
Ill,& So.Ia.— lst,ex.,6s
St.L.K.C.&N.— R.e.,7s
Omaha DiT.— Ist, 7s.
Clar'daBr.- 68, 1919
86
79
96 >s
82
Bt.Chas.Bfje.-lst.Cs
No. Missouri— lat, 7s,. 109 ioe"»
West. Uu.Tel,- 1900, conp[ 115
114ia'll5
1900,reg
N.W. ToIeKrapll-7a,
190t|
Mut,Un.Tel,-S,ril,6-<,19H|
INCOME
(rntfiv,«t
66 la
67
BOi\DS.
'intu'i''i'' i'
«*"r»icd.)
Pac— Inc, 1910....
Central of N.J .—1908 ....
E.T.V.*Ga.-Ilic.,6s,1931
Gv.Bav\V.,t St, P.—2d,inc,
Iiid.Bi,AW.-Con„ lnc„63
lurt'aDec.it .Spr'p— 2d,iuc.
Leh. & Wiikesb.Coal.— '88
Atl,&
Lake E.& W.-Iuc,
10 U
ie»s.
Yi'C
16
25
7s. '99
SIlAW.— Incomes
76
55
22 >9
2d, l>ref., debentiirca
3d, prof., debentures
4th, prof., ilebeutures...
N.Y. LakeE.&W.— IncCs
Ohio t;ent,— Income, 1920
Min'l Div.— Ino.,7B.1921
Ohio So.— 2d inc., Cs, 1921
PeoriaD.ife
Ev.— Inc.,19'20
Evanav.Dlv,- Inc, 19'20
Roch,* Pittab.— Inc,.1921
Rome W,
Og,— Inc. 7a,
By.- luc.,6s,1931
it
So. Car.
St.L,A,it
Div.bds
T.H.
LIST.
FREE
Cin.
105
94
Gen'lmort., 68, 1931..
So. Pac.of Mo,— 1st, 6s ibs'ia 106
TeX.itPac.— lat. 6s,1905 108
•70
Consol., 68, 1905 t ...
35
Income & Id. gr., reg
7s..
j
Ark
r'y
iMil. L.
0..
Ist, Cs, Pierce C.
Epuipmont, 7s, 1895..
S.&N.Ala.— S.f.,6.s, 1910
Loulsv. C.ifc L.— 6s,1931
these are latest quotations
CI.
lU)h
[
109 14 Mnb.it O.— ]st,prf.,deben.
'
2d, 6b, 1930
E.H.,tN.— IstjOa, 1919.
Oeuer.al. 6s. 1930
General mort., 68, 1914
Lou. N. O. & Tex.— 1st, 5s
Manhat.B'ch Co,— 7 s, 1 909
N,Y,,tM,B'll— l8t^78.'97
Metrop'ht'n El.— I8t,1908
1081-2
78,
Saiid'ky Div.— lnc.,1920
Laf.Bl.<tMun."Inc.,7s,'99
&W.—
RK.— 1st, 7.s,'98 •120
Trust bonds,
11213
1121a
Ist, consol., 6s,1919.
107
Ist, consol, 5a, 1931
Louisville it NashvilleCon.sol,, 7s
Cecilian Br'ch— 7s, 1907
N.0.& Mob.-lst, 68,1930
Nash v.* Dec— 1st,
1191a''...-.
981a 99 1<
C.Br.U.P.— P.c„78,'93 1021a
At.C.*P.— l3t,6s,1905 93
Ist, Ca •90
At. J. Co.
9II4
01
Oreg. Short-L.— 1st, Cs
971a
Ut. So.— Gen.,78, 1909
00
Bxten., lat, 7s, 1900
Mo. Pac— 1st, cons., Cs. 9S''t, 9914
!l28
..
llJia...
10.40,63,1924
9Sia 9914 L.Erie &W.-lst, 63, 1919
O0I.& Green.— l3t,6B,1916 •97
2a, 68, 1926
Col. H. Val. & Tol.— 1st, 5s
D
II4I4
H9ia...
W.Ind,— lat. 8,f.,68
Gen'l mort., Cs, 1932
Do
5s. 1907
Kans.Pac— 1st, 6s, '95
Consol,, coup., 2d, 7s..
Consol., reg., 2d, 7s ...
Long
AViu.JiSt. P.— lat,73,'87 107 la'
'
1126
2d, 78, 1907
Mll.&Mad.— lat,6s,1905i 116
Ott. C. F.& St. P.— l8t,68 1021a'
1121 Hi
C.C.C* Ind's— 1st, 7, a. fd
119 123
Consol. 7s, 1914
Consol, flluk, fd, 7.8,1914
01lic.<«;
Beg., 8s, 1.H93
Collateral Trust, 63...
Kal. tfc W. Pigeon— 1st.
Det.M.&T.— lBt,7s,1906
Lake Shore — Div.bonds.
9714
— 1st, conv.,78i"123
12UI3I
Consol., 1st, 68,1934
Chlc.St, L,<feP.— lst.con,63
& Ash.— 78....
N cwbd3,78
99
Chic* Milw'kee— lst,78
General consol., 63,1934
Ohlc. St. P. Mill, .ft Om.—
Consol. 6s, 1930
C.St.P.&M.— Ist6s,1918
No. Wis,- 1st, 68, 1930.
8t.P.<6. S.C— lst,0s,1919
Ohlc.A B.lll.— ]st,8.f.,cur.
Cleve. P.
Bulf.vfe Evie—
64 1»
Iron .-at.-lst, 7s. i'ls"
St.L.AItonft T.
i
.
I
C4
113
86
107
1807
Arkansas Br'ch— 1st, 7s 111 la
110
Cairo * Pulton— 1st, 7s.
'
I
7612
93>^
pr,,7s,'9V:
Incomes, 1901)
Scioto Val.— 1st, cons,,
|
,
741a
llOia
DebontiU'O 6s, 1927
—
—
113
106i»
Rli^h,*Alleg.-l8t,7s,19'20l "sc" 60
Rich,& Danv,— Cons,,g,,68 101 la I0214
.
.
126'
Kome\V.&Og,— l8t,7.s,'91. 110
]
1
8, fd..
2d, 78,1898
2d, guar,, 7a, 1898 ....[ 111
Pitts. Clove.* Tol.— Ist.Cs
Pitts, June— lat. 6s, 1922
1
,
Ash.
Penn.UR, — Continued•551a 561a
Pitts, Ft.W.* C— lst,73 141
7s, 1911.
1st M., 73, 6x-cp.,6,7,<S; 8
Mich.Cent.- Con8.7s,1902 1231a 125
loConsol., 53, 1902
6.8, 1909
Coupon, 58, 1931
981a
lat, consol., guar., 78.. 127 "-J 128
Registered, 5a, 1931 ....
N.Y. I,ack.& W.-l3t, 68 I'Jl ,1221a
Atch.T.&S.T'e— 4^23, 1920
99
9UHj
Jack.Lan..fc Sag,— 6s,'91
Construction, 58, 1923
Sinking Fand, 6s, lilll
'...
ss
92
Milw.Ji No.— Ist. 6a, 1910
AtL Ji Pao.-l8t, Us, 1910. 73'!> 74 'e Del.A Hud. Canal -Ist, 73 113
lat, 6,3, 1884.1913
1st, est., 7s, 1891
Balt.A O.— 1st, 6»,Prk.Bl'. *117
101
117
Mil. L,S.,t W,— 1 at,6s,l 021
Coupon, 78, 1894
Bur.C. Rap. Jt Ko.— 1st, 3s 107ia 108%
.ilOO^f
Mich. Div.— iBt, 63, 1924
Registered, 7a. 1894 .... ...
95 Hi
Consol., 1st, 5s, 1931...
Ist, Pa. Div., op.,78,1917,*134 ,1351a Minn.Ji St.L.— lst,78,19'27 121
Mlnn.vtSt.L.— Ist.Ts.gn. "ISO
lowaExt,— lat, 7s, 1909, *119
1st., Pa. Div., reg., 1017.)
la. City & West.— 1st, 7s
99ial02
2d, 7s, 1891
Alb. A Susn.— Ist, 78... llO'a
C.Kap.I.F.&N.— lBt,68 108
..
102
..
S'thw.Ext,— 1st, 73.1910, 11334;--96
2d,7s, 1883
Ist, OS, 1921...
....
Pac. Ext, -1st, 6a, 1921.-101
Ist, cons.,guar.78,1900 12S34 129
BnS.N. Y. it P.— Cons., 63
77is
77
1st, cous.,gu., 6s, 1900. 112141121a Mo.K.&T.— Geu'1,63,1920'
General, 6s, 1924
98I4
61=8
61=4
110
General,
1920
58,
Sar.—
Ist,
cp.,78
guar.
58
Bens.
&
int.
1st,
Can. So.—
108 ,10814
69 -J
Cons., 7b, 1901.5-6
l8t,rog., 78, 1921 ...;.
2d, 58, 1013
70
Cons., 2d, income. 1911.1
Denv.A Rio Gr.-lst, 1900 100 102
Reg., DS, 1913
541306
95 14
II. &Cent. Mo,-lst, '90,''103
Ist, consol., 78, 1910.-..
Ceutr^U Iowa— 1st, 78,'99
Mobile & Ohio— New 6s
.1081a
Den.So.Pk.&Pac— l8t,7s.
ISast. Div.— 1st, 68, 1912
CoUater'l trust, Os, 1892
Den.A KioG.WeBt.— lst,6a 391a
lU. Div.— 1st. G.S, 1912..
l3t, Ext«n.3ion, 6s, 1927
Det.Maok.&Marq.— l8t,63 60
Chesapeake & OhioMorgan's La.& T.— let, 6s
Land grant, 31^3. S. A...
Pur, money fund. 1898.. 110
"07
1st; 7s, 1918
E.T.Va.&G.— l8t.7s,1900t iis"
68, gold, series A, 1908
461-2 46^ Niish.Chat.A St.L.— l8t,73
60
61
iBt, cons., 6.S, 1930
6s, gold, series B, 1908 1
95
2d, 68, 1901
IS-^ 19
Divisional 5s, 193i)t
6b, currency, 1918
N, Y Central— 68, 1887... 106 107
Mortgage 6s, 1911
Eliz.C.Jt N.— S.f.deb.,c.,63
lOlia'....-Deb. certs,, ext'd 6s
'04
70
Che3.0.itS.W.— M.5-63-.
1st, 6b, 1020
136I4
86
N.Y.C.& U.— Ist, op., 7s
Eliz.Lex.A Big Sandy—68
Chicago & Alton—
134=8
120i4'l21
Ist, reg., 1903
Erie— 1st, extended, 78... 121
lat luort., 7b, 1893
104
-119
109
1904
1919
..
Deb.,
53,
1903.,
6s,
'2,
extended,
58,
2d,
Sinking fund,
Hud.Riv.— 78.2d,s, f .,'83 103 14
1051a
3d, extended, 4 i-is, 1923. 105
Ijl. <fe Ho. Kiv.— iat, 7s. 120
Harlem- 1st, 7s, coup ..1 135
2d,7s,ig00
4th, extended, 53, 1920. 107
108
135
119
lat, 7s, reg., 1900
1st'
1888
5th, 7s,
St. li. Jack. ACliic—
N.Y'.Elev'd-lBt, 78, 19061 1211a 121=4
lat, cons., gold, 78, 1920. 1121a 113
ls«va".=i-.V-156\)^J|''9-''Ji:5
110
N. Y.P.&O.— Pr. I'n, 68,'95
Ist, cons., Id. coup., 7b .. 107
2d, (360), ,.,, ^^^^
40
N.Y.C.&N.— Gen.,()8,1910
Reorg., Ist lien, ()S, 1908
2d, guar. (188), 7s, '98
39
Trust Co. receipts
Long Dock b'nds, 7s, '93 117 Hi .
MiBS.K.Br'ge— lHt,8.f.68
N.Y. & N. Engl'd— 1st, 78 108
Buft.N.Y.&B.-l8t,1910; 131 .
ChicBurl.tt Quiiicy—
>105
135 136
N.Y.L.E.&W.-New2rt6s 46ia.
1st, 68, 1905:
Consol 78, 1903
67
1.
N,Y.C.&St.L.-l8t,68,1921
681a
CoUat'ltrust, 6a, 1922,
58, sinking fund, 1901.. 106
101
1.
2d, 68, 1923
Buff.&S.W.- M„6b,1908
58, debentures, 1913
N.Y.W.Sh.* Buff.— Cp.,58 'Si'
Ia.DiT.— S frt.,5s, 1919, 105
Ev. * T. H,— Ist, cons,. 68 106 14 108
30'.
95=0
95
96
Registered, 5s, 1931....
Mt.Veru'n-l8t,68,1923
Sinking fund. 4s, 1919
581a
N.Y. SnB(i.<fe W.— 1st, 6s.t
Fl't&P.Marq.- M.6s,1920 *113ia'
Denver liiv. 48, 1922.. 95
86
99^ Debenture, 68, 1897 1...
Plain Is, 1921
Gal. Har,<fc S, Ant.— 1st, 68
IOOI4'
Midland of N. J— Ist, 6s 84 la 88
2d, 7s, 1003
C.R.J & P.-6a, cp., 1917. 131 igl
I3II4'
89 '8 9OI4 N.Y'.N.H.&H.-lst,,rg„4s 110
West. Div,— 1st, 58
68, reg., 1917
---..
N.Pac.— G.l. gr.,lBt, cp.,68 104 104 14
2d, 68, 1931
JSxt. & Col., 5s, 1934.... 108^4'
Regi.3tcred, 6s, 1921....i*103
Keok. & Dea M.— 1st, Ss 108 1IO8I4 Gr'nBayW.&St.P.— lst.68 60
51'4
N.O.Pac— lst:,6.s,g.,1920tl ..-.
Gulf Col, & S,ii'e-7s, 1909: 101 la 102
Central of N.J.-lst. '90 1. lllia
99 'b 100
Norf.&W.— Oen.,03, 1931 86ia 89
l8t,con8.a.ssent. 78,18991
2d, 68, 1923
New River— lst,63,1932: •118
Hau.&St,J.— Con.6s,1911l 117'4 118
Conv., a-ssented, 7s, 1902 102^4 103
119
Ohio* Miss.— Consol. 8. fd
A<l)ustinent, 7.s, 1903... 105 1^
Houston & Texa3 Cent.—
87
70
871a
Consolidated, 7s, 1898.. 'll"
Conv. debeut. 68, 1908..
Ist, M.L., 7s, 18911 ....
74
2d consolidated, 73,1911
lieh.&W.B.- Con.g'ri.as. 95
Ist, Western Div., 7s t..
1st. Springiield Div., 7s •93
l8t,Waco&No., 7st.... 72%
Am.D'kJtlmp.— 58, 1921 80
64
Ohio Central— l8t,68.1920
2d, consol., main 1 ine, 8s
Chic. Mil. & St. P.—
131
1st, Terni'l Tr., (is, 1920,
2d, Waco A No,, 8s,191o
1st, 8h, p. D
120
30
36
l8t, Min'l Div., 6s, 1921
General, Ob, 1921
2d, 7 3-108, P. D., 1898
I3II4 Hou8t,E.*W.Tex.-l8t,7a
Hdh
Ohio So.— 1st, 68, 1921... •89
1st, 78, $ g., R. D., 1902. 130
1'20
Oreg'n* Cal,— lst.6s,1921
2d, 6b, 1913
Ist, LaC. Div., 7s, 1893. 118
12 i
Or.ATransc'l— 6s,'8'2-1922 "ef's'e^U
Ill.Cen.-Kpd.Div,-Cp. 68,*114
l8t,, 1. & M., 78, 1S97..
I23I3
81
Oregon Imp. Co,— lat, 63.
811a
Middle Div.— Reg,, 5s.. 104
let, I.&D., 7s, 1899.... 118
1'2S
C.St.L.&N.O.—Ten.l.,7s *123ia
Oreg'u RR.ANav.— lat,68 112
1st, C. A M., 78. 1903..
Debentures, 7s. 1887 ... *102'-8 103
Consol. 78, 1905 ..- .. 12318 125
1st, consol., 78, 1897.. 124ia 125
Panama— S,f.,aab. 63,1910
1st, 7a, I .& D. Ext.,1 908 12234 123
2d, Cs, 1907
90
Peoria Dec. & Kv.— 1st, (Is
Gold, 5s, 1051
iBt, S. W. Div., 68, 1909. 112 L...
85
Evans,Dtv,— l8t,6a.l920
Dnb.* S.C— 2d Div., 78.
Ist, OS, LaC.<SDav.,lliJ» lilOV
l8t.S.Mlnn.Div.,68,l»lU 112141131a
Ced.F. & Minn.— iBt, 78.
PcoriaA Pek, U'n— lat,.U3 101
122 1123
Ind.Bl.&W.- lat, pref., 78
Pac.BU.— Cen. Pac— (J.6a 113=4 114
Ist. II. & D., 7», 1910
104 106
Chicit Pao. Div.O.s, 1910
1st, 5-6s, 1909
San Joafiuin Br. — 63
Cal. it Oregon — 1st, 63 101
97^1
l8t,Chic,& P.W..58,1921
2d, 5.6s, 1909
97
Eastern Div., 6s, 1921..
Cal. it Or.— Ser, B., Os, 101
Min'l Pt. Div., 5s, 1910.
ludianap.D.ASpr.— lst.78 851a
Land grant bonds, 63. 101
C.& I.. Sup. Div. 03,1021 100 V
78 .,
West. Pac— Bonds, Cs.. losia
Wis.A Miil.Dlv.5B, 1921. 961a: 90^4
l.st, 7s, ex fund coups,
93
91
No.R'way (Cal.)— 1st, 63 a 08 lal,
'Tenuiual 5s, 1914.
Int.A Gt.No.— Ist.Cs, gold
98
99
Coupon, 68, 19(»9
SO. Pac, of Cal,— 1st, 68.
Obio. ifc Northwest.
Sinking t-'und, 7s, 1885. 1031a lOSia Kent'ky Cent.- M.6s,1911
So. Pac. of Ariz,— Ist, 6s
So.Pac.ofN.Mex,— l8t,C3 "9334 !!;!!
Stamped, 4 p. c, 1911
Consol. bonds, 7s, 1915. 136
llo'is lie
Exten.sion bonds, 78, 'So 1031s 1031a: Lake tthoro tt Mich, so,—
Union Pacitic— 1st, Cs.
10318 1031a
Land grants, 7s, '87-89 IOCI4
Ist. 7s, IbSo
Cleve. & Tol,— Siiik'g fd
Sinking fund, 83, '93.. 120
Coupon, gold, 78,1902.. 131
New bonds, 7s, 1886..
Bailroad Bonds.
SECURITIES,
Ask
Bid.
Mex. Cent.— 1st,
Del. L.
A
3»4
ai>4
20
2S'"
CO
34
25
23
110
springf,— 78, 1901
Cum. & Penn.— lat, Cs, '91
(^ol,C,*Ir,Co,— lst,cnn.,63
iBt, Cs
Ft. W. A Denv.
N. Y'.Tex, A Mex.— IsI.Ub
Phil. A R.— Gen., 6.s, 1908
PuUm'n's Pul.Cai— deb'73
C—
38
29
•61
•69 la
66
70
WiibasU funded int, bds.—
Tid.A 111. Div.— "8
L.
ErleWab.ASt.L.— 78.
Gt.
Weafn,- Ist,
So.
Wab.
A
Dec. A
Toledo
7s
Iowa,— 73
E. St. L,— 63
Ill, it
it
Wab,— 2d, 68.
Wcst'u.— 2d, 6s
Ot. \Ve3tCTil— '2d.C3.
100
H
..
ikUY
—
1.
THE CH RON
80, 1S85.]
EAKNINHH
The
Intcst railroaJ u'trainfrs) and the tola's from Jan. 1 to
latest (late are niveii below.
The Htat«>meiil iiioluile.-i the RrosH
eiirninjpt of all railroads from which returns can Imi ohtaitied.
The coluiunH under the headluK "January 1 to latest date"
furuish the gross earnin^ja from January 1 to, and including,
the period mentioned in the Heeond column.
Latttt
Rnrningi
Rti/uvrlfd.
|
Jan.
I to Litlal
Soadt.
WetkurMo
Ala. Gt. Hoiitirn Ap^ll
Ateh.
•.'.
Ji
!-.
F
May
May
wk Mity
wk May
«o«I. H T. A W.l-fdwk
Bur.Oil.U.V. No. (I wk
Canii<tliiri Piioilli- *>l
\.ul
Ceotrul liiwii
•Cenjr.il I'lulllc. A|>ri
(lliio .March
Chi'saii.
.
A
EUz.I/n.»\:B.a Miir.-h
Clien. t).
<!hlc»(?o
A
8.
A
Aitiin Hi
W. Minch
A O
ClUo.
liiirl.
Chlr.
&
CUJc..
Mil*
Cbto.
*
KuKt
wk May
iMiirili
May
M wk
wk May
III
1884.
«
»
FIU.R3I
S5.306
l,34U,13'i 1,401.0.50
..
Mrtrili.
.
1885.
Bt.P.i.lfl
6,673
49,387
6:!.!'i)3
12(1.0. Kl
114,000
'2I,I>1&
28.910
i.7jr>.0(i() 2.03i>.0;9
ISS.OfiO
167,0.59
2,896.036
2,03. (.1 10 2,106,02>(
38,9 IH
26.1^91
437,1'01
6,233,5( 9
5116,2 13
8.I30,U0<
8,02;i,154
437,.500
443.,500
l(i5,tiO()
24,123
45.a«2
Cin N O. A:T. 1'. April
-Ctn Wa.ih..VHalt, -ii wk Mav
Cl«(r..\knit).VCol .3d wk -May
191,(0-1
2i!,790
106,100
2U.346
47,241
211,495
29,428
f,9i8
316,14
31.987
'.111
1(1
*
\V. .Mlili
Cin.liid.8i. !,.&('
.((I
.1(1
wk
wU
Clev.Col.C.&Iiid Miir.li.
Counottdii Vttl..|.March.
Danhury A Nor. April..
Denv. .V Ulii Gr. >d wk May
iAiirll
Denv. Ji K. O.
Ces
W
.M(i. it
Ft.
'
I>. .1(1
wk Mav
Det.LaimV'&No. .W wk .May
Dub.A.siiiu.x(lty .3dw»
May
K.Teim.Vii.&Oa.Aiiril
I
Ft.W()itli& Kou. April
S.Au. Jauuary...
'Gal.Har.iVt
GrandTniiik ... Wk May 16
Gr.Bay W.ASt P. 2d wk Mch
Gulf Col. fc .S. Ve April
Ill.Cent.(III.A8<>) ad wk .May
1>0
(Io«ii) 3d wk Mav
irnd.Biooin.&W. l^-twkMay
K.C.Ft.S.
21
,t (iiilf
wk May
Kan. C. Sp. & M. vd wk May
Kcutncky Cciit'l JIarch
Lake Erie AW., vd wk May
Mai oh
KIc.A Ft .Smith
I.
9,983
2:3tiii
24,400
li!,230
10.1.60
16,834
121,731
67,290
68,175
7,29'
21,120
16,70"
6,,501
27,013
16,«i..5
l.'i.ea.i
43.7 rr,
19,U-i9
21,191
17,0iil
32.40i>
42,i00
254,131
304,656
211,097
274,1
d.->
6.69,^
6,68.5
8.5.433
126.28 •
198.393
32.271
41,475
21.1..">00
31,800
41,30>
46,.i97
3U.18U,
71,.S7l
17.915
4rt,'-08;
L..Kk.M.I{lv.&T. .March
'A*i wk May
Li-yug Island
Jj'a .« .Mil. l{i%'er.
January
L'a Western
January...
..
3d wk May
dv» .May.
26,604
54,126
4.5,163'
39,828
.
4 1,7.-* 5
25,641
65,377
15,661
46.270
26,326
51,118
51,211
.50,6«6
Milwaukee A No .al wk INIay
Mil L. Sh.* Wes ad wk May
Minn. &ct.I/ini<' Aini'
21,66,5
25^,260
167.364
20, 1 0^
111.9^5
57,675
119,578
10,097
21,175
173.800
1.58,940
Mobile* Ohio. .'April. ..
Merman's La. .H'T. MaicU
126.,537
354,7:i7
167.790
liOnlsv.it Niishv.
Manhattan
Kl,..,!l
Mar.Honiih.&O.i'.'d wk May
Meiii. i Charles March
Mexican Central .(! wk May
Me.x.N..allllne»J April
/lash. Ch.
ik
.
St.L April
K.O.& Northeast April
H.\.L.Ede&Wa March
N. Y. Pa.
& O.Maich
N.Y.&NewEni;.' April
<Vi W. April
N.Y.Pua(|.A.\Ve8t April.
Norfolk ,v West :i wkrt May
wksMoh.
8heiiandoali V.
Northern Ci nt'l Apiil
Northern I»aciiic April
N. Y. Ont.
'.J
Ohio Central
...
Oldo&Mi-3
'.(1
wk May
.\pril
Ohio Southern.. April
Oregon Imp. Co .March
P(-nuflyl\ ania... April
Peoria" Dec.AEv. 1(1 wk May
Plilla.& Erie-... April
Fhlia. A Rending April..
(\ .M Iroii'Aprll
I>o
Blchin'd &Danv. April
Ch. Col. iV .Miff April
Columljia.tUr. April
Geur)<la Pac . .Vpril
Va. Midland.. April
West. No. Car April
.
Roeh. & Pittsb'g' J(l wk M.iy
Eonie Wat.iOtc l.^pril
6t. Jo. & Wesfu. id wk May
wk May
.id wk May
dwk.May
et. L. F. 8. A W
Bt.L.&S.ui ran.' (d wk .May
Bt. PanlADiilthiad wk May
L.Alton M'H.'
Do (Branches)
et.
.d
I-
et.P.Min <fe Man. April. ..
South Carolina.-' Api 11
8o. Pac, No l>iv February
Southern Div.:i Feiiriiary.
(•'ubiiiary..
Arizona
New Mexico.. Fnbnmry..
.
Texas A N. O
Tex.
<fc
.
.
lauuarv
St. Louis. l«t
..
wk.May
Tol. A.A. <t -N'. M. April
Union PaciHc-.. >larch
Otah Central
.
.
February..
VlcksirK A Mer. Ai>ril
VIcksb.Sh APac. April
Wall. SI.
L i
P. Aiinl
.lersey
March
WlKeonsin Cent'l 2 w-s M.ay
West
a Nol incliidiun
*Not
earaiiii.'H
lucliiiliiii; the tirji
Be(}eivor took poHMesHion.
2.53.0
i5'
179.147,
4.003
109.2.">2
09,200
131,401
H.33.5
3-.6,2J2
1,881,832
443,819
929.052
814.045
666,19 5
171,748
803,40
66,672
60.323
2,070,790
l;i0,-56
301,221
3 0I0,6"3
5,725,261
532,511
7.835.175
7.910,123
2,018,536
.587,774
833,711
784,988
611,829
167.246
8:i6,901
61.30O
•50.130
1,971,117
263,.30I
2;^0.605
125,51)9
134,610
418,522
301,391
291.519 •1,700.318
266,535
15,583
50,51.5
723.973
19.131
373,791
27ti.«98
Evsiiflv. & r. H. .Id wk May
FUiit A P. .Mani. .id wk May
Flor. R'w.iy & N. at wkM»y
I''lorida Soiith'ii.i.Minih
H7,i78
995.351
1.133,S20
535.518
6.355.119
860,235
779,779
157,630
.May
.May
Chic.
l.i8,.501
1,"04,7.!6
813,542
5 7,519
116,110
.52.1,21
1,261,0J8
265.9 it7
91^5.837
373,3 1
45.609
ulna
Amerloa
Phanlx
t6>,O0C
rily
TrwiMniea's
'io'MH
Ftiltoo
Clieniloal
Monliftnt"' Eirh.
:'.l.
(lullittlu Ntllonikl..
BiiiclierH'
liroT.,
2(1
Moohaolos'
811
A
A Tr..
Urarnwioh
Leftth«r Manurra.
Coiiinierre
Ivd
e.).iiuu
S32.HOO
8,447.(HX)
..
1,717.800
Broiidway ....
Mercantile
70Q.000
8H4.000
Repabllo
1)73,700
:i.;i;ii.ioo
8St.BhO|
Chatham
I'il.miO
Peoples*
204.000
42H.H00
e9-.700
107.800
687.700
?n7.100
North America...
Hanover
Irving
Cltlsens'
.....
.
Nicholas
8t.
708.200
9onnoo
1I18.8O0
Paolflc
Nansnu
Market
'
,
1211.1. .«!
H«*venlh Ward
Ht«t« of N. Y
Amerlc'n Kxob'ge.
11.136.300
1.656.000
8,317,000
4.117.100
6.661.700
883,M>6
24.679,100
2.257.B0O
'i3.84M.lU0
1,031,0(10
(>»7,700
2tl7,0aO
I'S.SOO
1,844,500
477.000
67,7 Ui
413,500
6.327,60(1
Flrat Natlon.il....
1,«79,S0<)
357,072
4.142. 30i
5 .7,93
801,13
935,9»o
651,601
1b6,149
511.331
3,817.193
6^7,214
771,991
827,^76
315.797
109,907
Third National ...
N. >-. Nat. Bxch..
379.000
286.500
134,800
461.400
18,013.800
4.216.300
1.346KIK)
2.21V.700
14il4V9
91.310
830,018
4.5,1 6 J
127,740
84,339
736,733
39,8 J8
5.442,403
50,666
6,147.172
93.223
351 ,765
1,494,456
122,716
335,816
51,211
1
.0
>5.672
539,.501
563,211
413,018
621.746
683 063
937.685
7 2,023
241,695
3,459.463
412,672
63-,3'i6
693. 4T6
3(15.660
928,617
165,381
188,167
1
792,173
57.893
26.890
133.204
3.683,632
1,269,249 1,177,842
440,107 467.131 1,170,772 l,2i7.518
262.102 275,507
932.55 > 1,030,(^^27
13H,10i>
142,519
518,170
614,18.>
8i,273
320,599
282.177
90,331
939,79^ 1,009,902
137.36;j
119,705
27,919
110,673
142,5o3
26.252
4.50.010
454,749 1,726.635 1,725,772
877,665 1,411,511 2.692.823 3,554.658
3l8.J4t<
2l,130
26,016
381 179
301, 9 <9
332,778 1.272,952 1,327,728
38.809
39.599
143.054
119,192
670.7111
225,527 291,«2'*
780.116
3.70t,i?90 4,156,309 13.693,186 15.159,902
260,0.50
12,507
12.910
291,075
24(4.7 1
27H,»23|
937.396 1,0.!7,590
2.343.973 2.855,6; 3' 7.904.488 9.211.959
1,179,970 1.238,0791 4,0l8,85u 4,08'»,313
301,097 317,181 1.297,202 1,273.951
54,81tj
271,355
.52.828
289,993
234,06^*
39.481
45,728
251,197
49.8.S3
l-2,9s7
32,079
220,099
466.90»
130.841
449,138
124,094
37,285!
33,8i4
143,802
129,183
406,(166
360,183
26,239
19,139
482,168
456,001
151,476 132,957
14,4.53
19.577
5'i6,9r4
445,462
25,790
16,525
301,504
13,512
272,280
10,.56O
177.''2«
206,766
12,359
7.971
78.184 1.5S2,202 1,6.18.990
7J.497
351,949
331,610
21.106
23,244
707,K0o 801,999 2,111,153 2,351,619
41ii,90l
73,31(1
424.364
68,816
181,922
152,392
72.979
82,300
518,018
522.12 i
247, ii.9i 238.222
318.170
275,879
li'7,516: 152,101
109,5^7
169,586
56.711
54,752
65.07.")
94.936
65,075
91,986
258,571
13,747
320,515
14,557
61,-«6l
8 5,7 r 3
20,563
17,100
1.97,5,517 1.965,497 5.211,11.-1 5,037.915
150.716
55,3116
140,375
75.433
163.582
32,(i59
37,054
147.030
44.1.2
.5,475
23,181
1U,3U
1.114 488 1,187,141 4,887,519 5,07V,.504
62,4't4
218.980
82,403
209.467
60 904
531.111
53.71/
521,547
of New Vork (•"niisylvanta dt OtUo road.
six days of January, preceding time when
rinan..\inerlc'n.
(1'
122.5(10
2-'7.200
Chase National...
Avenue
Fifth
CJerman Kxoh'nge.
Gfrniania
United States
Lincoln
(iarlleld
Fltth National....
B'k of the Meirop..
ToUl
3.5;4.6C'0
1.174. 4(>0
45',oda
8.204.900
2,^27,30<l
203.300
65.100
100.400
110,800
192,000
a.iia.ooo
8.847.800
IBO.OOO
l.m3.5l)()
45.0110
l,i6s.lno
l^^OOOO
13J.O0O
1,239.0(V'
l,;i79 Hon
1,861,0(10
298,000.200 lll»07200;36.a24,IOO 363.276
.
1888.
180.000
208.600
180.000
S(<(l.000l
649,600
The following are
4A.0OO
835.000
180,000
897.080
2..',63.100
387.1'0
e8l..500
West Siie
om'ioi
16.476,000
9,701,000
8.284.000
S'il.OOO
Bowery
iwi;Ma
1.813.30')
1.749.0')O
N. V. County
889,400
2,9.2.100
WH.OOO
Paik
North niver
East River
Fonrth National..
6.4M
asm
8»6.9iW
ii:,.ioo
777.600
367,000
Central National.,
Seconil National..
Ninth National...
46.000
I'is.ooo
Continental
Oriental
Importers'^ Trad
l28.mi
IM'ooi
3,(114,400
241,000
251,131
0,167,062
e.oKi.-.-uo
1.193,100
i.0"t.7ao
3.78.V100
10.180,700
z.eaa.ooo
152,i)0<i
shee A Leather..
Corn Kxi-liange ...
111,2(16
5,471,18
52,251
Cimrff
TnSn.
211,697
Decatur A Snrlmrf. In either year.
t Not
{ Mexican oturanoy
; Not iDcludiutf Coloraao DivisloB In either year.
Inelii.liiix lud.
i
331,311
78.92
.w. th«
for th*
banks of Nuvr York Citr
_Ajmai, AmmntU «/Kt DifmUt
11
3.59,052
3,743,(81
4.57.966
week
^'o ....
$
6,147,763
•rk r'lty llanki*.
of thn AiM(Kii«t«'i
pndin« Mny 3 J, lUMr
ixut.
3s3,375
2.379.378
«4«
.....j, ....,,
1884,
3,526,5.<l
268,775
53,307
VZ8,iiS
wk M»v
»k May
.S'ortliw
Ch-St l>..Mm AO.
188S.
.
CLE.
I
-f*-
KAII.ItOAU
1
9IMI
10.130 300
totals for several weelcs past:
Loans.
apeeU.
L.TmdeT$.\
DtpotiU.
ICXrailaMon
$
S
11303700"
•
•
»
I
Aw: OUarliP
•
I
o2.740.!>nn 3S1.9i«.70Oll0.7n7.5no .507.031.<<48
Itar 9 2!'fl,U)0.«00
• 16 2n».74»,90il ll:(641'.;(MI 35.017,.S0O :)i;4.1)71.KO(i I((,.5'.'!".loo 51 1..^.57.SR»
••
23,296,000,2 00 114|!U72UU 3^,021,1(10 30.t.276,lK)U 10,4:<0.20U 471.377.674
Boston Banks.
Loaiu.
1885.
— Following are the totals of the Boston banks
apteie.
L, Tnulen.l
DepoiiU.*
S
$
•
144.532,P00
8,814,900
144,.;96,200
8,498,0011
141.162.700
8,487.800
|
Circulation
ClMr*tt
t
1,215,600|103,799,500 22,838,100
4,.)7»,40(l 101,334,700 33,283,100
4,32 l,70ul 104,670,300 83.<70...0U
Philadelphia Banks.— The
Aw.
S
66.6.83.368
63.772,614
69..H 11,284
totals of the Philadelphia
banis
are as follows:
1885.
May
Loam.
Lawful Moneu.
$
9
DtpotiU.' lOireulorton.
9....
71,07;I.19I
2.1.021.227
71.9.'.S,6«l
••
16....
74,651,485
27,010,763
77.1101,215
"
33.
26. 695, 33d
77,185,756
..
:
Iw. Otar**
7.667,337
" 61,711
14.1>'.5,50«
7.608,3(13
14.Ua9,177
4.',-.'07.410
*lnola(Ung the Item "due to other hanks.'*
past:
3t
.Via.
It'
T*
Pac.— stock...
.via..eCaar..virL.,
llS'.
l»t,i;.h.
lies
86
way Imp.ex-hdsalk
16
4'.
1>1
H.T.A West.— St'k.
It
Uebentnres
B'klyn Elev.— 1st, ass'tpd
Baff. N. y.at Plula.
3
6
.....
4
3>g
33
Denv.ifc Ulu (iraude— i;ons 63
Trust honds, 6s
5n
Denv.ARioOr. W
1
<t W., l»l M.
Oiar. by D. dt it. O
Kdlsou KfectrlO LlKht
87
G(M}rgia Pac.—-itock
let tiiort.,68
»
97
Bon. B. O.
60
3d mort
Neb.. Isltr'tccr. 106
41
3d trust cer
Kaon.
....
....
38
Pref
<)t
7^4
KeelT Motor
Mexican National
2's
lU
Pref
•20
Istmort
Mo. Pacillo— Old stock....
Cowdrj- ctfs
M.K.A'i.— Inuouisscnp..
N. V. M. Uu. Tei.-stock.
N. y. W. Sh.A B.- Slock
North. Pac,— PIT, bomls
8
10
36
19
6
asH
p.r
lat
Peusaoola A Atlantic
1st mort.
Pilisburg A Wuitem, lal
Postal Teleeraph-«look.
lat mort.. Bs
Postal Tel.* Cable-Stock
Ilutland
RH
Isi juurt
State of Tenn.—ilet'm't.6St. Jo.ik W„sikiru<tcer.
St. Jo. <ft Pac, 1st ir. c»r
3(1 irust
CT
Kans.
it
Neu., 2d
in
>%
H
It
......
......
66
•1
Sk
3
Sonthcrn Tel.—Stock
H
1%
S*a
S
171.
16
10
M
.18
....•
46
ts
'4f
16
1«
Tei.dlOol.lin ..- K'.'Hin
Texas A Pac.-Serlp le84. S3
JO
•
Old scrip
9711
.•••••
New scrip
40
V •••••
Tex.A 81. L., H Jk A DiTjwp
IS
30
M. dt A. 1)IT., 1st muri
1
•
9k Incomes, a?s. pd
M
13
6s. Isl luorl., in I'exas.
16
USD. lsl,ld.gr.Alne.a*.ii
3
80
jak V.a. KiBCUio Ll«bt
3>s
Viosb.
A
Mendiaa
Pret
3im ......1 Istmort
Incomes
62
60
' VttginU Mtdl'ud, Ss. Inc..
West ."<. CuroHna.- lit M,
71^ 76
m
1
Cuua lUO
(Jblo cent.- UlT. DIT.,
Incomes
•North BIT,
90
U»nk.J;Merch.Tel., IstM.
Gen. niort
Bo«l.
SKurttte.
Rid.
S«curit4««.
Atlantic
luco
•
latest quotations far
Unlisted Securities.—Following are
week
1
76
5
61
»
99
•
t^
•7%
10
70
.
.
.
.
.
:
THE CHRONICLE.
650
[Vol. XL.
notations In Boston, Philadelphia and Baltimore.
AND
SECURITIES.
SECIjBITIES.
BOSTON.
125
Atch. & Topeka— let, 7a.
Land grant, 7s
Boston & Maine— 7a
Boston & Albany— 7b ....
Boston & Lowell— 78
Boston & Providence— 78
Burl. & Mo.— Ld. gr.,7s. ?117'a
1st. Tr. 68,
BufT.Pitta.*
19'.i2 ..
W.— aen.,68
& Ambov—68, c.,'89
Mort., 6s, 1889
Cam. & Atl.— l8t,78,g.,'93
Cam,
New 7s, reg. & coup
—
6s, cp.,
130
1900-04
Cor.Cowan* AiLt.,deb. 8s,
Delaware— 6s, rg.* cp.,V,
Del.* Bound Br. —lst,7s 130
East Penn.— 1 at, 7s, 1888
&
68
Ark. Val.— 7a..
<fe
Rutland— 6s,
Bonora— 7s
lat
12014
no4i<
95 "4
STOCKS.
Atchison
Atlantic
Boston
Boston
Boston
& Topeka
66 '4
& Pacific
&
&
cfe
Albany
17614
Lowell.
112i.i
66 \ Oil Creek— Ist,
?57>s
&
A
Cons., 8s, 1920....
Cons., 6s, 1920...
N.Y.— 1st
Phila. Newt.
Marq. Hough t'n&Onton.
Preferred
Metropolitan
Mexican Central
117
13
76
91I2
65
"a
100
20
60
§
Phil.
R.— 1st, 63, 1910.
2d, 7s, coup., 1893
Cons., 78, reg., 1911 ...
20
Conv. 78, cp.oflf, Jan.,'85
Phil.Wil.* Bait.—4s,tr.ct
Pitts. Cin. *St.L.— 7s-...
B.— 7s,cj).
Pitts. Titus.
19%
165
Worceater...
Gen'168, 1921
Income, 68, 1923
Income, 5s, 1914
&
Br.anch
?81
99
I
Preferred
t
Preferred
BelTs Gap
108
1905
73
40
101
Warren * F.— lat, 78, '96 103
Westchester -Cons. 73..
W. Jersey— 1st, 6s, op.,'90
1st, 7s,
Buflalo S.Y. * PhU
Preferred
Camden * Atlantic
Preferred
101
—
Cons. 68, gold, 1901....
Cons. 68, gold, 1908....
Gen., 4s, told, 1923
1^
Cons.
i°»
2
1899
1909
126
68,
W.Jer8ey*Atl.— l8t,68,C. 5103
Western Penn.— 8s, coup. 106
1
£!„ r> T}
P. B.,
68,
Catawisaa
QUI!
1896
1/10
I
1081a
Gen., 78, coup., 1901.
56
1st preferred
2d preferred
621.,
Delaware & Bound Brook
East Pennsylvania
Elmira * Williamsport..
130
45
* Broad Top
Preferred
Lehigh Valley
Preferred
Little Schuylkill
Mlnehlll * Sch. Haven...
Nesquehoning Valley
Norfolk * West'Ur-Com.
Preferred
Korthern Central
North Pennsylvania..
58=8
57:«
61
6I34
58»,
Atlanta & Charlotte.
C8\ 091a
62I4 Baltimore & Ohio
100 172
175
2d prof.,
Parkersburg Br
61
Central Ohio— Com
Pref
1911
Western Maryland
631s
50
50
60
50
RAILROAD BONDS.
& Chai'l.—Ist...
e^i
197
Wa«h.
* Aug.— 1st..
* Bait.— lata.
2d8
3d3
Columbia* Greenv.— lats
43
RAILROAD BONDS.
81a
.
AUegh. Val,— 7
3-108, '96
7a, E. ext., 1910
Inc. 7s, end., coup., '94
Aahtab.
Pittab.— l8t,6s
l8t, 88, reg., 1908
120
12014
151a
*
Belvld'e Del.— lBt,68,1902
2d, 6a, 1885
3d, 68, 1887
1893.
190S
Consol., 58, 1913
l8t, 68,
No.Central- 6s,
W.Md.— 6s,
IOOI4..;:,
N.Y.* PhU.— l8t,6a
ad, 78, 1908
Cons. 68, 1921
Wilm.
Per share.
*
29
103
117
l8t, g.,
lao
1071a 108 14
106
123
117
101
128
J.&J. 106
C& Aug.—6s
* WeiQon— Oold,7a,
In default
aat price
PanamaLine
I,844.4fi2
Traus-Paeitic Line
71.'5,732
Australiiin Line
Aiistral'n and N. Zeal, subsidies..
353,200
173,980
Cent. Am. and Mexican stibsiilies..
Uiawaiian Government subsidy...
Interest and diva, ou investments.
102.8i
S,500
17,941
27,766
61,616
Trans-Paciflc Line
Australian Line
Agenoips
Extra repairs and expenses
Interest
Miscellaucous
Total
Netearnings
105,.'.00
5,.500
14,691
45,666
33,278
$4,102,764 $4,787,899
EXPENSES.
1882-83.
Atlantic Line
Panama Wne
1883-84.
1881-85.
$991,094 ,$1,016,172
1.790,927
1.251,762
369,288
180.190
1883-84.
1.848,781
1,.547,225
139.066
87,36fi
100,250
2,667
14,76S
43,853
6.04T
$4,826,198
1884-8S.
$545,851
$576,125
.iej79,028^
1,212,144
447,796
347.462
398,710
129,702
78,764
30,075
1,167,214
1.100,506
035,47!>
737,392
191,718
413, 1R5
53,737
8,313
122,259
408,326
392,785
22,614
53,18-i
138,688
$3,190,507
$3,391,419 $3,209,138
$912,257 $1,393,480 $1,617,055
The following were the proportionate earnings of the sevfrom freight and passengers in the three years
eral lines
1882-83.
Passengers.
127>a
2d, guar., J.&J.
2d, guar.byW.Co.,J.*J.
6s, 3d, guar., J.&J
Wtl.
t
fl7'4
J.&J....
A
B
Pittsb.ACon'ells.—7sJ&J
Union RR.— 1st, gua.J*J
Canton endorsed
Virginia * Tenn. — 58
112
101
671a
2»=e
'85, J.&J.
&0
68, 1900, A.
68, gold.1900,
5s, Series
58, Series
AtlanticLine
EABNINGS.
1882-83.
$799,767
Total
121a
"76=4
6=4
102=4 103
118
121
2ds
Schuylkill Nav., pref...
48
i03
107
1071a
1091a
94 S)
99I4 100
Charl. Uol.
follows:
Exchange
Balt.&Ohlo— 6s„'85A.&0
Cin.
business between New York and San Francisco.
A new
arrangement has been entered into by the managers of the
company, 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 moi'e pros])erous
state of affairs in the United States, the companies will see
the justice of increasing the guarantee to the amount which
we formerly received. The ships of the company have been
maintained in a state of the liighest 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
Miscellaneous
1133, 1141a
8711 90
2d
46
120
6
Atlanta
Inc
Cen. Ohio.— 68, l8t,M.*s.
CANAL STOCKS.
* j;x.divldend.
80
BALTIMORE
1st pref,
Leblgh Navigation
Pennsylvania
Gap— lat, 7s,
Nav.— l8t,68,rg.
RAtLR'D STOCKS. Par
81
Tliis company was exceptionally fortunate during
the trouble that arose there in that, wliile 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
12S
2d, 68, reg., 1907...
Newtown & N.Y
& Reading
PhUa. Wilm. * Bait....
* Del.— lBt,6s,1886 80
Lehigh Nav.— 8s,reg.,'84. 1091a 110
Mort. RR., reg., 1897 ..
120
Ches.
Schuyli.
50 3<
Pennsylvania
Philadelphia* Erie...
17
Phlla. Ger. * Norristown 108
Plttab.Cln.* St. L.— Com.
United N. J. Companies..
Weat Chester—Cons. pref.
West J ersey
West Jersey & Atlantic.
CANAL BONDS.
Cons., 7s, reg., 1911
Pennsylv.— 68, cp., 1910..
will find statement of the business
of the company for the past year, which is unusually satisfactory, as showing net earnings of over eight (8) per cent for the
year, with a business outlook for the future that promises
better than at any period of our liistory for the last ten years.
On the 31st of December last the company paid off the entire
amount of its indebtedness to the Panama Railroad Company,
and the earnings since that time have sufficed to continue
dividends at the rate of five (5) per cent, leaving the company
at the present time with a cash balance of nearly half a million
of dollarji.
"Congress, at its last session, appropriated the sum of four
hundred thousand dollars ($400,000) to pay the different American steamers engaged in tlie foreign carrying trade for the
transportation of mails. The Postmaster-General will, during
tlie 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 company will be laid before the Post Ofiice Department by its
counsel, and we have every reason to believe that we will be
treated in a ,iust and business-like manner.
'The revolution which lately occurred on the Isthmus of Panama 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
resumed.
" Notice was given during the month of March last by the
Overland Railroad Companies of the abrogation oZ the guarantee which had existed during the last three years on the
Erie- 1st, 7a
Con.sol., 6s,
:
"Herewith annexed you
rebellion.
31a.
12013'
Union * Titusv.— Ist, 7s.
United N. J.— Cons.6s,'94
ll^l
191a
PH1L,ADELPHIA.
RAlLHOAn STOCKS,
Allegheny Valley
Aahlabula * Pittsburg..
Buff.
15"
,
W.— Ist, 6s
ing
'
20
40
20
ShamokiuV. * Potts.- 7s
Shen. Val.— Ist, 78, 1909
Snnb. Haz. *
2d, 68,1938
IS
Worcester & Nashua
Wisconsin Central
Bell's
7II2
72
38
23
Conv., 78, B. C.,1893..t
Syi'.Gen.* Com. 1st, 78
Tex. * Pac— Ist, 6s, 1905
Phila.
Phila.
119
119
124
711,
17
Rutland— Pref erred
Huntiugd'n
108
Cons. 5s, 2d ser.,c., 1933
Conv. Adj. Scrip, '85-88
Debentuie coup., 1893J
Scrip, 1882
Sunbury
Preferred
941a
5...
Cons., 78, coup., 1911 ..
Con8.,6s, g., 1.R.C.1911
Imp., 6s, g., coup., 1897
Gen., 6s, g., coup., 1908
Gen., 7s, coup., 1908. ...
Income, 7s, coup., 1896
Cons. 5s, lat aer.,c.,1922
Old Colony
Ogdensb. A L. Champlain
Portland Saco & Portsm 5120
Summit
'130
!124
'123
&
Nashua* Lowell
N. Y. & New England ... 19
Northern of N. Hampsh. Ill's
Norwich*
100 ,
35
19
i
131
123
*
&
70
88
Louisiana & Mo. River..
Preferred
Maine Central
130
Phil.&Erie-lat,78,cp.'88
Concord
Springf'd
0. Clin.
C. Springf. <fc Mem. 2
Ft. Smith.
Little Rock
125
Perkiomen— 1 st, 8s,cp.'87
10
Pacific Mail Steainsliip Company.
{For the year ending April 30, 1885.)
The report of Mr. J. B, Houston, President, lias the follow-
136
7,1908
5168
Connecticut River
78
Conn. & Passumpsic
Connotton Valley
Det. Lansing & !^o., pref.
51=6
Eastern, Mass
IIOI2
Fltchbarg
10
Flint & Pere Marquette.
75-3
PrefeiTed
Fort Scott*. GuH
8
Prelerred
Iowa Falls & Sioux City.
Kan.
Kan.
110
1071a
C—
74
Cheshire, preterred
Chic. & West Jllchiean..
Cinn. Sandusky & Cleve.
ANNUAL REPORTS.
1044
coup..
Gen.,6s,cp., 1910
Cons., 6s, reg., 1905...
Cons., 83, coup., 1905..
Cons., 5s, reg., 1919...
Pa. * N. Y.
78, 1896.
179
1«0
Boston* Providence
Boston Revere B. & Lynn 110
Carabridi.e
6s,
7=8 Pennsylv.— Gen., 8a, reg
—
Maine
132
out extra charge to all regular subscribers of the Chboniolb.
Bxtra copies are sold to subscribers of the Chboniclb at 50
cents each, and to others than subscribers at $1 per copy.
109
116
103
48
No. Pcnn.-2d, 7s, cp. '98, 3123
Gen., 78, 1903
Debenture 88, reg
Norfolk & West.— aen.,6s
N. B. Div., 1st, 68.1932
N. Y. Phil.* Nor.- lat, 8s IOII4 101 la
47
45
Inc., 68, 1933
Oil City* Chic.— 1st, 68
0«densb.& L.Ch.— Con.Bs
Income
Old Colony— 78
ThelKVESTORs' Supplement contains a complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
of Railroads and other Companies. It is published on the
last Saturday of every other month viz., February, April,
June, August, October and December, and is furnished with-
—
Chat. M., 10a, 1888
East'rn, Mass.— 6s, new..l J22'9
QuH-78.... 5119
Fort Scott
110
K. City LawT. So,— 6s
EastonAAmb'y— 58, 1920
El&Wmsp't-Ist.es, 1910
K. City St. Jo. & C. B.— 78 rioi^ ....
Little "R. & Ft. B.— 7s, 1st .... luo
5s, perpetual
Harrisb'g— Ist, 68, 1883.
K. City Sp'd & Mem.— 68 10934:1)0
55 '^ 55^4 H.&B.T.— lst,7s,g.,1890
Mexican Central—78
14
Income
Cons. 5s, 1895
96 "a Ithaca&Ath.— Ist, gld.,7fl
95
Bcrlp
92
Debentare, lOs
I.eh.V.— lst,6s,C.&R.,'9S
106
1U63<
'a
N. y. <fc N. England— 68.
2d, 7s, reg., 1910
no's
...
Cons. 8s, C.&R., 1923.Ya
N. Mexico &'8o. Pac—73 5120
N. O. Pac— 1st. 68, 1920.
Pneblo
109 la
Cam. & Burl. Co.-68,'97.
Catawlssa— Ist, 78, con. c.
Connect'g
'gutzlXiQtnct,
107>a
2d, 6s, 1904
Cons., 6 p. c
Nebraska, 88. Exempt 117
Nebraska, Bs.Non.ex'pt lOTHl'589 "q".
Nebraska, 48
Conn. & Passnmpsic— 78
Connotton Valley— 68
&
^ixilxa^tX
Buff.N.Y.&P.— (Cont'd)—
AtlanticLine
PanamaLine
114
116
tUa week.
Trans- Pacifc Line
Australiau Line
Total.
$178,304
355.784
759,632
87,705
1,381,425
1833-94.
Freight.
1884-85Total.
$837,865
$1,016,172
1,818,781
787,503
1,547,225
71,361
159,066
1,492.997
$3,189,819
$4,571,244
Mat
THE CHRONICLE.
80, 18SS.]
is a atatpment of the flnancial condition of tho
April 80, 1883, 1884 and 1888:
AMKT8.
Tlio following
company on
1883.
root of stinincrs
KpuI rxtiili- nnd liiiprovemonts
1884.
1884.
?l2.3S<2,l.'in $11,2B<>.813 )(ill,.'i43.(Hl
1,070. ."ilH
1,0711. .tKI
1,071). ,M;i
."<r)0,774
478.301
.It.l.dll
284.047
1.280,mi
(11.1,111
CoiilM. supplies, cSo
iisaotH
Sundry
Front anil loHK
7,ll»8,8a.')
Total
$21,29,'),288
7,070,200
0,ft2!)..'i!)i;
$21,187,810*20,349,84
LtABll.lTIE8.
1883.
1884.
1883.
$20,000 000 $20,000,000 $20,000,000
20,lri0
28.02B
20.843
63,386
76,793
73,248
Capital stock
Ban Kranclsoo— Unpaid bills
New York— Unpaid hills
Pannnuv KR. Co.— Utiius
Trntlio account
Do.
1,013.528
76,123
1,404
11,470
47,126
83.S,044
"{riieo
2.5,009
"isltVso
ranania drafts
1 ,.'»00
MIscpllancous
Suspense
Unclaiiuod illvldemU
Coal frcl^rlits
llrle A Co and others (coal).
Af^ntH' balniicos
Due connoitinK Bteanwlilp comp's.
Passai;!! crrdits and orders
John
71,540
1,401
6«,2b6
mmM
The report Myi of the leaM: " The ootpanuiaa, al *
menMnKlieUl nt Plymouth. Jane W. XmtkVnSSSi 1^
tlonii that had bj-en agrtMil t<> by thedlreotoriM
of Um two ooruorittions, an<l on Jiiiu< IH the leaM, which had been approved
by the stookhold.TM, was exeoated to the Boitoa A Lnwell RR.
for 90 years from June 1. 1884. The Boeton * I»well Ra
took poasension of the road at once under the provMona o( tha
lease, and since that date they htve operated the
raad:
Among the imnrovoments which we are Informed by the
Boston & Low(!ll Kiilroad tbey have In contemplktion are the
re-laying of tho track between Woodsville and Pabraa's with
steel rails, and the erection of a now restaurant at Weirs."
wmS^
ACCOITST.
ReeeipU—
Net earnings
Otlier receipt*
1
Total
ntibunemeutt—
S3, •)(!.!
Interest
36,0.')4
12.118V!
1!I,(JI3
Dividends ou preferred stock
PemlKcwaasett dividends
16,686
0.029
5,752
513
106
L.-iOS
33,.533
Pittslinr^ Cincinnati
&
18^2 3.
$222.54 I
20.4W4
•S6l,na6
28,783
•$36<,3M
fM3,<»8
$293,319
$173,74$
$207,463
S9,28S
$215,539
$220.»3«
1983-4.
,404
21,918
110,303
$21,295,288 $21,187,819 •f>20,349,84i
Total
651
TotaX
Balance
*
$250,000 of
$246,748
Def.$),710
this
St. Lonis.
U rental
rjcelveil
from B.
1894-a.
HAM
4»,6-*7
^6^U
30,054
30.084
$388,130
$307,564
8ar.$l,219 Der.$34,816
A
L.
Ra.
for 10 mootlis.
Concord.
{For the year ending Den.
31, 1884.)
(For the year ending March 81, 1885.)
controls several of the Pennsylvania system's
The annual report says in regard to the Manchester & Keene
The annual report for 1884 states Railroad that with tho obligations a.s3umed in the agreement
lints west of Pittsburg.
that the tonnage transported was 3,630,919 tons, against for the purchase (jointly with Boston
Lowell), and pos3,460,54't tons in 1883, an increase of 164,37.5 tons, mainly in session taken under it, and with the large payments and expenand
grain.
There
was
a
decrease
in
freight
stone,
lime
which
coal,
ditures
had already been ma<le, "tlie proper course for
earnings of |l.537,45t, nearly all of which was on through ton- this company seemed to be to make tho remaining payments
nage. Tho average rate received per ton per mile was 6 3-10 for tho purchase, and secure the title to the property, and
mills as compared with 7 6-10 mills for the previous year the make such further expenditures as were necessary to put
average cost was also decreased, but not to as large an extent, the road in proper condition for use ; and the directors have
the result being a decreased profit on this class of traffic. acted accordingly. They have made arrangements with the
There were carried 1,333.074 passengers, as compared with Boston
Lowell Railroad to assume the op -ration of the road
There was for the time being, at its own expense, and paying a small per
1,23.1,983 in 1883, tho gain being in local travel.
a decrease of $33,139 in passenger earnings, there being a cent of rental to this road."
reduction in the rates on both local and through traffic. There
The amount of the present investment by the Conconl Railwas a large decrea.se in expenses in almost all departments, road in the original purchase of the Manchester
Keeno
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 Uolumbus and Dea- appear in the item relating to that road in the trial balance of
nison.
the Treasurer, viz: $100,518.
President (x. B. Roberts says in his general remarks that it
EABNnCGS ANO EXPENgES.
will be noted that there was a further reduction in rates on
1882-8?
1893-84.
1881-99.
Earnings ftorn—
both freight and passenger traffic upon most of the lines Passengers
.$390,619
$501,439
$378,418
703.276
730.166
67:!.tt0«
embraced in the system, and although the average cost of Freight
48,9J9
86.273
48.343
movement also shows a decrease, it was impossible to so reduce .Mail, express, &o
expenses as to equalize the loss in revenue, and the result, as
Total earnings
$1,317,880
$1,142,894
$1,100,864
shown in the income account, was a deficit in the amount Oper. expenses and taxes
666,704
694.485
887.562
required to provide for all the obligations connected with the
Netearaings
$430,318
$476,100
$406,379
roads embraced in the system. This reduction in rates was
IKCOUB ACCOUNT.
due to the depre.ssion that prevailed throughout the year in all
1882-83.
1881-88.
1883-S4.
manufacturing pursuits and to the severe competition con$476,190
$106,379
Netcamlngs
$130,318
sequent upon the construction of new competitive lines.
Visbursemenls—
The comparative statistics for four years, compiled for the Rentals
$144,593
$113,319
$118,872
Chronicle, are as follows
37,3<!0
37,755
33,798
Taxcson stock
for
reserved
Iniprovemt-nts
.ind
OPERATIONS AND FISCAt, BESUtTg.
143,236
104,091
97,264
improvements, &c
1882.
1883.
1884.
1381.
150,000
150.000
150,000
Dividends, 10 per cent
201
201
201
201
Miles owned & oper.
$475,189
$405,169
Operatioti9 —
$129,934
Total disbnrsemtnts
1,235,983
1,323,074
1,161,33^
1,017,431
P093eu«era tarried..
Sur. $1,214
Sur. $1,001
Sur. .'f384
Balance
38,504.300 39,39 1,S!)G 40.425.700 40,060.657
PasaonKer mileage
2-60 cts.
2'52 eta.
.i-5'2ets.
2-31 ct^.
Rate per paps.p. mile
This
company
&
;
&
&
:
.
3.123.615
3.466,544
3,630,911)
FreiRht (tons) moved 3,297.844
Fr'glit (tonsi raileacc401,946,012 413.411,957 428,293,199 432,041.558
0-70 cts.
0-76 cts.
0-ti3ctS.
0-72 its.
Av. rate p. ton p.mile
Earninos—
$
$
$
$
890,311
2,884.041
294,701
994.220
1,032,014
1,019,873
2,927.998
292,705
3,-i43,607
2,70ti.2l2
31; 8, 039
319,170
Total prosg earnings.
Op. cxp. and taxes..
4.069,053
•-•,759,740
4,214,923
2,831,000
4,623,740
3,087,465
4,0t.'>,257
2,7.!l,>jou
Net earnings
1,309,313
67-82
1,383,923
67-17
1,536,275
66-77
1,313,297
67-53
Passenger
Freight
Mail, express,
P.c.of op.ex.to
&c
eam's
INCOME ACCOUNT.*
1882.
1881.
Receipts—
Net earnings
Bcntals and intercBt
Net from
—
532,690
609,271
86,321
401,132
1,864,673
2,099,351
1,946,191
$
825.447
851.990
222,983
103,000
$
851931
$
819.464
846,769
181,777
105,000
170,445
Int.onC.AM.Val.hds.
L088onSt.UV.*T.H.
" Cin.A Mus. V. RR.
•
714,490
231,246
105,000
82,534
1834
$
1,313,297
4.624
423,531
2,123,455
238,732
def.
Jixcluslve of Col. Chic.
A
2,005,422
93,929
sur.
Atlantic & Pacific.— At the annual meeting of this company, held in Boston, Colonel II, C. Nutt, President of the
company, stated that the yearly report of the directors
was in the hands of the printers, and would be
Only one
ready for distribution within a few days.
change was mtule in the board of directors— the substitution of Mr. George O. Shattuck for Mr. A. E Touzalin.
The following ticket was unanimously elected: Uenrr
C. Nutt. William B. Strong, L T. Burr, B. P. Cheney. A. W.
Nickerson, George O. Shattuck, Levi C. Wade and Walter L.
Frost of Boston, and Jesse Seligman, C. P. Huntington, Edward F. Winslow, William F. Buckley and Bryce Gray.
Bankers" & Merchants' Telegraph.-The affairs of thia
company, tho American Rapid- Telegraph Company, whose
stock it controls, and the Postal Telegraph & Cable CommnT,
1,741,452 with which the Bankers' & Merchants' was formerly allied,
can bo prclicted
$
all in such a mixed condition that nothing
846.18'» are
future. The Postal Telegraph *
their
to
as
certainty
with
646,990
183,850 Cable Co, is referred to elsewhere under its own title, and as to
105,000 the Bankers' & Merchants' Judge Phelps, in the Circuit Court,
33.011
42,(103
14,832
Miscellaneous
Total
$
1,536,275
8,784
Interest on fund, d'bt
Other interest
Balance
1883.
1,383,923
19.636
I'scd roods.
Total income
DUhitrsemtnts
Rentals paid
$
$
1,309,313
22,670
GENERAL INVESTMENT NEWS.
31,620
1.888,682
2,000,033
def.33,842 (lef.147,210
Ind. Cent,
Boston Concord & Montreal.
(For the year ending March 31, 1885.)
The report shows the receipts and expenditures in the management of the road for two months endmg May 31, 1884,
during which time the road was operated under the direction
of its own board, and the rent received from the Boston &
Lowell Railroad Corporation under the lease for the remainder of the year, as appears in the income account below.
that portion of the
at Baltimore, has authorized the sale of
comnanv's property lying within the boundary line of MaryThis includes beside the plant, etc., 5,396 shares of stock
land
genvalued at «10 when at par. It is rejwrted that there is a
the several companies
eral scheme to sell out and reorganize
liat.iUunder one consolidated management without interest
how far this «^11 be successful^
ties, but it is impossible to siy
Rapid was applied
carried out. A receiver for the American
for in Philadelphia.
which
Canadian Puciflc—ThU company issued a circular givin*
the legislation
savs that as it must lie some weeks before
becomo a ''»*• J^"
effect to parliamentary resolutions can
' of
special meeting
be necessary to adjourn tho annual and
annual report
to the 13th of June, when tte
^eXSldere
—
THE CHRONICLE.
652
-will be submitted, with balance sheet and detailed statements on all matters pertaining to the position of
the enterprise. The circular states that the Government, for
Yalid consideration, contracted with the Bank of Montreal as
trustee for the individual shareholders of the Canadian Pacific
Company to pay a dividend of IJ^ per cent half yearly until
of the directors
have been as follows:
April.
1S83.
Nctearnlngs
$324,3t5
Jan. 1
.
.
to
April 30.
1^85.
1884.
f34.1,9«7
318.939
$2,005,378
1,401,613
$25,028
$603,765
.
l«-4.
$1,122,826
1.440,096
def.
$317,270
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 probably 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 President 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 terniinal
One of the committee
facilities and traffic arrangements."
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 eecurities, but would be confined to the use of
The arrangement would be
its tracks and terminal facilities.
a good thing for the Jersey Central, and would almost certainly be entered upon.
Denver & Rio dlrande. The plan of reorganization adopted
in London is substantially that prepared by the committee of
which Mr. George Coppell, 24 Exchange Place, is the Chairman. Mr. Robert Fleming, representing the Scotch bondholders of Denver & Rio Grande, is now in New York City,
and says: "We 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 lias
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 we have asked for a deposit of
bonds. 1 think the public will like our plan, for it is sound
and simple and in the interest of the consolidated tK)ndholder8.
In Philadelphia, where very few securities except car taista
are held, a cut and dried scheme has been issued, wirhout
consulting European interests, which probably hold a majority
of the whole issue."
East Tennessee Virginia & Georgia.— The gross and net
earnings since July 1 have been as follows:
—
/
July 1 to Dec. 31
Jaimarv*
February
March
—
Gross Earnintjs.
1884-8i.
18-JJ-8J.
.
'
Kel Earn'itgs.
1981-85.
l«-3-84.
$i55.0i9
$2,129,343
287,326
311.894
$3,308,985
317,988
820,392
324,40rt
27G.ti93
331.!(i9
111,878
84.881
2!'l.,Tl9
43^21
172,925t
.
$l,072,O.>:)
77,9 17
114,79.5
148.211
n-,172
Total 10 nios
$J,329,6GL $y,ili9,993 $l.'i6S.5i4 $1.611, las
* Not including the first six days in 1885, during which lime the road
was not operated by receiver.
I Receiver incurred only such expenses as were absolutely necessary.
decree was entered in the
Hastings & Grand Island.
United States Court at Omaha. May 23, for the sale under
foreclosure of the Hastings
Grand Island Railway. Tfiv
defense and answer to the suit had been withdrawn under
an agreement by the parties in interest, to effect a reorgani-
April..
w
A
dividends to the shareholders.
The earnings and expenses for April and for four months
,
retirement from the presidency of the Erie Company, tho
board passed a resolution requesting him to give a jiroxy to
Mr. King, the new president, on the Cincinnati Hamilton
Dayton stock held in his name for ihe New York Lake Erie
& Western Company. Tlie request presented to Mr. Jewett
few
eks ago Mr. Jewett
was not complied with by him.
was in Cincinnati, and while there a suit was brought by Geo.
Hafer, a minority stockholder of the Cincinnati Hamilton
Dayton Company, against Mr. Jt-wett, the trustees and the
New York Lake Erie Western Railroad Company, in which
he asked that Mr. Jewett be enjoined from giving to any one
representing the Erie Company a proxy to vote on the stock,
on the alleged grounds that the cont' acts were illesjal 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.
Jewett be compelled to deliver the proxy, or as an alternative
prayer, if the Court for any reason should hold the contracts
illegal, that Mr. Jewett be enjoined from voting upon the
stock and that the contracts be canc-led, the Erie Company
released from its guarantee, and the stock restoied to its true
owners. This prayer of the Erie Company was resisted by
counsel at Cincinnati.
Upon a full healing the court declared the contracts illegal
and wholly void for two reasons, viz: (1.) That the Erie Company could not lawfully own a majority of the stock of a corporation in Ohio under such contracts: and (2) that the arrangement by which the owners of the stock had sold their voting
power was unlawful. The Court also decided that Mr. Jewett
was a naked trustee, having no interest or duty in the matter
It enjoined Mr.
other than faithful performance of his trust.
Jewett from giving a proxy to the Erie Ccmpany or from voting upon the stock himself or by proxy. Tlie Court delivered a
long opinion from which it would appear that if this is confirmed, the entire transaction will beset aside as illegal and
void and the l£rie Company released from its guarantee and
the stock restored to its owners.
New York & New England. The gro3s and net earnings
for the fiscal years 1883-81 and 1884-85 by months are as follows:
&
August, 1893, and that the proposed re-arrai>gement of the
compary's finances does not and cannot in any wiiy affect
this undertaking or interfere with the regular payment of said
GroFS earnings
ifH92,141
Operating expenses. 367,776
[Vou XL.
—A
&
zation under which the Hastings & Grand Island should became a part of the St. Jo.
Western Railway, extending
from St. Joseph, Mo., to Grand Island, Neb.
&
Honston & Texas Central.— An order has been issued in
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
due the State for sinking fund and interest on the loan from
the school fund. The certificates or debentures authorized
by the order are to bear 7 per cent interest, to be due in nine
months after date, and are to be sold at not less than par.
Bondholders of the Houston & Texas Central Railroad
the
—
have received notice that Mr, V. P. Huntington withdraws the
proposition made in March, offering to fund the coupons of
Houston & Texas Central bonds into 3 per cent debentures
and to scale the interest on the firsts to 6 per cent, on the
seconds to 4 per cent, and on the thirds to 8 per cent. This
scheme was considered altogether adverse to the interests of
first mortgage bondholders, who were actually asked to fund
more coupons than any other class of bondholders. It is to
be hoped that the parties controlling Houston & Texas
Central will give bondholders their rights, and either pav
them interest or let them have possession of the road. If the
bondholders cannot make Houston & Texas Central earn its
mterest, they will be satisfied to go without iheir money.
New York l>al£cErie&Western.—In regard to the Cincinnati
Hamilton & Dayton litigation, it is stated that upon Mr. Jewett's
&
&
—
18^1-5.
$3. 16992
Novemljcr....
.
2.'S.1.4.0
239,019
2.0,120
220.097
December....
JuTiuiry
F.-bruary
$365,877
310.092
215,421
243.<i46
252,603
2ri3.934
262. '.m
.Miirch
April
Total 7 nios... $1,783.01.1
2.''9.472
27.T
07
'
New York
of the S'ock
securities
Metrop
.
Ntt Ear,iings
ISSl-i.
18S3-4.
$10D,9i;S
$10.'>,432
^
Gross Earnin(/s
18^3-1.
,
October
$l,92z,oii
6-(.303
42,183
51.019
49,792
73 49j
9s,0 16
72,<37
*5l».450
Dot. 115,180
—
16,929
40,248
5-',015
61,:i83
$.i02,998
Stock Exchange. The Governing Committee
Exchange have listed the following additional
:
litan
E'evated Railroad 'Company, $1 ,000.000 second mortmaking the total amuuut of this issue uu the list
iraee K per ceut bouUs,
$UiO0,o
o.
LoiusviUc
ment
bonds.
& Na.shville Railroad Company, $2,0i0,000 10-iO adjust& Ohio Railway Company, $607,3.'iO of secoufi preferred
Chesapeake
stock to cover the coupons duo July 1, 1834, and Jan. 1, l885, on the
6 per cent ciirreucy bonds of 19 »<.
1
St.
Paul Miuneapolis
&
consolidated B per ceut
$i:^,u4i,ooo.
Mani oba Railway Company. $1,013,000 first
bonds, making ihu total amount listed
—
Sliore & BulTiilo. The committee consistof Mesirs. Abrara S. Hewitt, William D.jwd, Robert
Harris, George B. McClellan and Alexander E. Orr have issued
their modified plan of reorganization, by which the interests
of the present first mortgage bondholders appear to be protected in every possible way. The objections urged in the
N. Y. Times do not appear to hold good against the plan as
now modified, as the complete control of the new company is
given to the present mortga;;e bondholders, and the terminal
property is not to be purchased by the committije except on
such terms as they consider fair and just.
In the plan as modified the amount of new first mortgage
bonds is reduced to |30,000,000, bearing not over 5 per cent in
case the terminal property is acquired and to $15,000,000 ia
case it Is not acquired. No obligation is imposed to purchase the
New York West
ing
;
terminal properly and the committee say they will notarrange
for its purchase, except upon terms which they believe will be
advantageous to the new company.
In view of the possible necessity for addit'onal means after
the new company is organized, provision has b.'en made for
the further issue of $5,000,000, of first mortga ;e bonds, but
such issue can only be male after the reorgaiized companyhas been in operation for one year, and provided further that
two-thirds of the second mortgage bondholders and preferred
stockholders assent to such issue. These may not be required,
but it has been deemed advisable to strengthen the future pcwition of the company with this power, wtiich may be essential
to
its
permanent success.
In order to ensure the control of the property to those who
have actually invested their money in the enterprise, the nevw'
second mortgage bonds are vested with voting power, and the
issue of new stock in exchange for the old stock is limited to
one share for two, thus reducing the total amount of old stock
to $30,000,000, against $55,000,000 of the first preferred stock
In lieu of the
second preferred stock provided for in the original plan, income certificates (without voting power), bearing 6 per cent
interest if earned, have been substituted, which are convertible into common stock after the expiration of three years
and mortgage bonds having voting power.
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:
>
May
THE CHRONICLE.
80. IflSSJ
April.
.
OroM enrnliifs.
.
Bxpcnac-n
,
t
,
mo*. .Jan. 1 to Apr.aty^
lhH5.
r8^^.
ISfft.
1984.
$2<>n.l-3
137. lOJ
»21',.'i'3
I3!\
J8tlc>.l'»7
i:t2,M22
f.'Jl.n?*
t>34,Q02
4I>>0,3:'2
$74,3!>U
*3JO,700
Neteanilniii
»-.')•-•,
Northern Central.— The enminprs and expenscB
and from .ranuary 1, in 1884 and 188."», have been:
Apvif.
.
GroitncanilnzR
OptirutiiiK
—
Jan. \ to
.
,
I^H."*.
1881.
91!^ >.U10
V1.M.749
$1.7je.'(:)5
23;}.;.''ll
2T.M)II2
10i2,')l0
$m0,7m
$17H,700
$723. ;jl
oxpcaaca
Not pnrnlnim
$320, lU^
for April
Apr 30.—
IRS
ISH.-..
Noi therji I'acine.— The
*l,7'2.-.,772
41-1
Mo".
*.)
17.3^7
m
.
,
l')-'4 5.
1
Harob
Apitl
.
\i^\\.
HSI!
1.
^^'if/tmi
$3,3.V>,.-«'i()
$'j,!ij().()i.'4
A.^3.">83
1)11,102
llU.cOrt
Si>9.!i6-l
f);;•,0^.^
l(>-<.icij
Kil.HOU
in. Hi
CI)I,012
877.'>B5
!>7i,:i."iC.
•J37.13S
StlL.^S I
toDoc. 31.¥0,tiJ7,7ll
Janunr}Foliniary
.
ll5^3-i.
I,41I..')IS
4-'.i.J I'l
81334?
053
from l)ec. 1 there was » deomaiK) In gnmt
MmfnK, „t
and a decreoae in net of |8M,(!fi9, compacwl with II.SJmT
imsi.
(tmn Htetipti.Htl KteMiDU.
•«
081
1M-(1
l><>combnr
-
1'f3 "l.
$l,4iw,(MI<l
MN4-0.V
IHH.JM.
(iH7l.tNr
•.TfdlT
•lO.73H.400
•3.«I8,7»?
fTlKKM?
1
.fi,.iiio,.ii.'>
lauimry
;i.tllll,|.i.".
FtiliruMry
2,7lit,8<l7
Muroh
2.II74,U71
3,liU3,u43
April
I.
gr.iss
and net earninjpj for ten
months of iho HkohI years lSSl-,j and 18.S3-4are
beh>w: in net
earuliigj as shosvn, rent ils and ta.toa have not been deducted :
Q.oit Eurniniia.
vc/ KanUuiiH.
Jnly
:
Tot«lfor»m'««. »l'\.3H,72l
T6nne*.noe State Debt.— At Nanhvillp, Tcnn..
I,.'gi8l.iluri> nut in extra scsfilon.
Gov. ISiie nnlm,
s;i){0 in whiili he said, regarding tl
iiient of the debt, under llio provi
l><88isno loniiiT qutstioned, but
linal and euccessful solution.
Hince tl;
ri'guhir sesion of the U'gislaturo the
United Statvt li;m ntnl.Ted an opinion in il,
road bond ciiHi .'iilvi [-(ly to the St itc. Tl,
iiKlefinitely that the State is rF8|u>nHiblu for
•ho
If.
'<t
t
i.
(1
.
if,n
d-
i
''••
of
ihcue lionds, i-slimato
to amount In tlie hi
•T
with those which it is understood were to '!
including principal and interest, to Ik'I
:a
$I.5,000,(/00.
Under the terms of the '!
if
1^83, tboi-e, like other bonds, are fundable on
'1.
On this large volume of bonds there are already ii
.-,,
installments or coujwns past due, with the fourth due July I
1885, making ijsOO on each |1,0<)0."
Ttio Governor »t«tes that
the presentation of bonds and coupons bv bondholdera who
have withheld them in order to see how the Hnureme Court
would decde would quickly absorb the funds in the Treasurr,
He therefore recommends that when bonds are hereafter presented for funding, the interest past due lu re<jn, as represented
by coupons of and from July 1, Itm, to July 1, 1883, inclusive,
shall be incorj)orated in the face value of the new or settlement
bonds issued in lieu thereof, and that the coupons on the new
bunds, representing interest due on and from July 1, 1883, to
and including July 1, 1885, be canceled.
I
Total 10 rang. $U.;<20,542
$10,172,647 $1,277.3)7
$l..^O!».O.JO
Ohio Central.— In the suit for foreclosure of tlie Kiver
Division of tins road, a consolidated decree of sale was ordered
by Judge Jackson of the U. S. Di^trict Court for West Virginia. The sale to talte place about Sept. 20.
|
.
raiillc Mail .S(cnni$hi|) Co.— The old boi.rd of directors
was re-elected as follows Jay Gould, Rufsell Sage, Sidney
Dillon. C'. P. Huntington, Henry Hart, Edward I.auterbach,
:
Houston. William Kemsen and John \V. Shaw. The
new agreement between the overland railroads and the Pacific
Mail Steamship Company differs from the previous contract
in only one respect— the reduction of the monthly subsidy
from $95,000 to |8.5,000. It is made for six months, and afterward thirty days' notice is required to terminate it.
J. B.
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 decreise of $451,419 in gross earnings and a
decrease of $431,508 in net, and for the four months a decrease
of $1,400,417 in gross and $1,1*1,603
net compared with 1884.
On the lines west of Pittsburg the net returns show a decrease
of $120,125 in April, 18S5, compared with April, 1884, and a
decrease of $74,875 for the four montlis in 1885.
UNES BAST OF PITTHBDKO ANO EUtB.
Orots Earnings.
XflEamiyins.
m
.
January
February
Mari-U
April
,
.
,
1835.
18^4.
188.1.
Wti.
$3.277,.=i22
$:!,.574.2.33
$1,166,130
3.0"6,70J
3.635.274
4.00;;. Gi7
$a!>0.i74
r(30,l-9
1.161.109
3,704, 8»0
4 1a0.a<9
1.272.918
1.691,4.^6
3.420,733
1,IJ4.:>7M
1,401.551
Total 4 mo3.... $13,093,486 $15,159,902
$4,255,120 $.5,389,722
As to the lines west of Pittsburg and Erie, the monthly reports issued in 1884 and for the current year show the results
below.
The compmy's returns, however, state a loss for ihe
four months in the present year, compared with the year 1884,
of $81,392.
LIXES WEST OF PITTSBDKO * ERIB.
Surpliu over
Ifct
all LiabUitiea.
January
February
Def.
$73,420
1884.
Dcf. $106,556
Di-f.
I!i0.7'i0
j«-f.
MarcU
150,051
D.f.
Uef.
56.010
70.443
Dut.
10:(.8K3
188.i.
April
Total 4 months
Def.
$
49,682
Def. $115,803
.90.t>i3
—
Texas & St. Lonis (in Texas).- The sale under foreclosure
of this company's property in Texas will take place on Aug. 4,
1883.
The notice will be found in the advertising columns of
the Cheonici.e.
Union Canal,—All holders of first mortgage bonds can
participate in the purchase of the property mmie May 19, 18W,
by depositing their bonds with Thomsis Hart, Jr., No. 210
South Fourth Street, P/iiladelphia, and p lying their share.
Wabnsli St. Louis & Pacific— The receivers of the Wabash
have filed a report of the operations of the leased lines for the
(juarter ending February 3S and the entire period of the
receivership, the nine months ending Feb. 28, showing on the
following branches the excess of operating expensesT ovw
This excess of expenses over earnings includes
earnings.
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.
33.136
40,729
52,'^43
I20,l-.;5
D>c. $71,875
Raplda
2.455
10.049
16.748
Qiilnpy Hls.-onri * Paplflo
Mofiies & St. lyiuia
&
n.ivaua
Nonliwvat«ra
&
7,23.i
i:».530
Western
Cairo Diil^ioii
Attiea C(niu;rton & Soulhi-.m
Peoria P.kln lit J cksonvillo
8prln«neUl & ynrtliw. stern
P.iintiiul
&
* Sprhigdelil
(•listen
$62.0)1
1>»,1M
ll.HJd
7.0M
20.251
50,396
16,:80
5,464
^"'J^
'.O.xin
»1..%30
121,821
1.243
l«,u^3
B.*Vi
St. l^>uls Jeiaeyville
Havana
drflcil.
8.67v.
De«
l><>8 Moines
E'lRlver
9m<m/»«-
d'/lcil.
6.1.''4
&
Cliioiip.iii-'n
Quarltrt
$10,787
.loupph
<t St. T>onla;
St. i..oul:i Otniniwa di Cellar
Council UlnlTs
8t. i^oiils
niiirin la
St. L'>«1»
.<(.
&
Inn.
Doc.
luc.
Dou.
Port Jerfis & MontlccUo. The Port Jervia & Monticello
Railway, 24 miles long, has two receivers. The President of
the road, Frederic J. dc Peyster of New York was apiwinttd
receiver, and at Newburg, Saturday, May 23, Judge Browne
appointed William II. Clark receiver.
—
i
7.7»rt
2.699
2.ufl8
28,018
42,213
28.571
12.494
14,6-13
luwa i\: Nebraska
4.4M
the following lines the earnings were in excess of ex-
Uissoui'l
On
•
Philadelphia & Beading. Under the agreement reached penses, but interest and rental remain unpaid
Qnarler't
B monlluf
by the Cartol-Whelen committees for a modified plan of reorexc-fM,
€n*8».
ganization of tlie Philadelphia & Reading Railroad, the follow$I2.4:'2
i«.'8.2.J«
St. I>oni8 Counell Biutfii & Omalia...
ing trustees have been chosen: For the Bartol section, Henry Brunswick * fliilllcollio
21.117
9.447
43
1,90S
W. Bartol and John B. Gaftett; for the Whelan Committee. rem revilic Moravia AAlbia
21,238
58,702
LouiH
Butler
St.
A
Samuel R. Shipley and Henry F. West. Three more trustees Detroit
On three lines there was exce=s of expenses over earnings
remain to be named two by the Philadelphia, & Reading
managers and one by the foreign bondholders. Thesa recon- for quarter, but excess of earnings ov<r expenses for nine
QHarler'M
montk*'
struction trustees are empowered to fill any vacancies which months, as follows
txttft.
dejicit.
may occur in their board, and are also authorized to make any
$83,1#A1
$124,358
micjiRO Division,.;
changes in th(? details of the reorganization plan by a vote of 6 Cn(liaiiai<o1is Divt>ion
19,47«»
74.293
1-52
97.304
to 1. The managers of the railroad, however, shall always fill Toledo Peoria & Wei-tern
for
earnings
ibe
any vacancy occurring in the representatives of the shareh( IdOn the Champaign & Southeastern the
exceeded
and
expenses
the
ers.
The trustees are given until May 1, 1880, in which to quarter exceeded the expenses $86,
secure as.sent to the modified plan of reorganization, and if at tlie earnings for the nuio months $1,959.
tliat time they deem that they have notsuflicient to assure suc—Judge Treat has granted an order transferring the Havana
cess they are to call a council of the managers, receivers and Rantoul & Eastern Division of the Wabash road to the trustee
the Bartol-Whelen Committees, and, by a vote of four of the under a mortgage of Dec. 26, 1879. securing an ifsne of fitOO,five intertsts concerned, foreclosure may be proceeded with. 000 bonds, on wnich interest has been defaulted. Also* simiShould the plan prove to be a success, the trustees are to have lar order transferring the Toledo Peoria & Western Division of
general supervision of the affairs of the company in the inter- the same road to trustees under a mortgage securing an iaase
ests of the security holders.
of $4,500,000 bonds, on which the interest has been defanlted.
The Philailelphia North American says: " Satisf,ictory The receivers of the Waba-^h can redeem the propeity on
arrangements have been made with Drexel & Co. regarding payment of interest and the cost of litigation.
the sum due by the Reading for the purchase of the interest
—Holders of bonds of the Omaha Division of the St. Louis
on the consolidated bonds last Decemtier, and the firm will Kansas City & Northern Rdlro.-ul met this week, and » compurchase the coupon and registered interest due June 1."
mittee composed of J. H. Beach, Charles S, Smith, J. E.
The result of the joint operations of the Philadelphia & Pulsfonl, J. H. Smith and D. Wright were apjiointed to
Reading Railroad and Coal & Iron Co. in the month of April confer with the trustee of the mi>rtgage; examine the prop(including Central of New Jersey RaUroad, leased), was a erty, and report at a subsequent meeting what steps should
decrease of $509,809
gross earnings and a decrease of $424,- be taken toward a proper foreclosure.
:
.
—
—
—
m
..
THE CHRONICLK
654
[Vol. XL.
COTTON.
She ^ommzxcml %xxms.
Friday, P. M.,
May 29
1885.
The Movement of the Crop,
COMMERCIAL EPITOME.
Friday Night, May 29, 1885.
The weather for the week under review has been quite
warm and needed rains have fallen in all sections, nearly
redeeming a season which had been so late as to cause some
anxiety regarding the outturn of the crops. In Western
Texas, for an exception to the generally favorable aspect,
the rains have been so excessive as to cause floods, which have
done some damage. The season for active trade draws to a
There has been an important
close, and business is quiet.
decline in the values of leading domestic food staples which,
by contrast, makes more conspicuous the further advance in
prices of sugar and cofliee. The slight improvement in manufactures which has been noticed this spring does not make
progress; several cotton mills North and South have stopped,
and a serious strike is threatened among the iron-workers at
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
bales, against 7,429 bales last week, 9,413 bales the previous
week and 8,633 bales three weeks since; making the total
receipts since the 1st of September, 1884, 4,701,361 bales, against
4,751,662 bales for the same period of 1883-84, showing a
decrease since September 1, 1884. of 50,301 bales.
Receipts
at—
Lard futures declined sharply for the first half of the week,
touching extremely low prices. There was some recovery yesterday, but to-day renewed weakness was apparent and the
close was at 6'65c. for June, 6'72c. for July, 6-83c. for August,
6'94c. for September and 7'04c. for October. Spot lard has also
declined under free selling, closing today 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 business was small, the close being quite nominal at $12 for family, $11 75 for mess, $10 for extra prime and $13 50@$14 for
Pickled cut meats have been irregular; hams and
clear.
shoulders were quiet, with the former still quoted at d@d]^c.
and the latter at i^gCgSc, but bellies declined lo 5i^@5i^c., and
at these prices were very active. Smoked hams are quoted at
10K@10J^c. and shoulders at 5J^@6c. India mess beef again
lower at $22® $24 per tierce; extra mess quoted $11 50@$12
and packet $12 50@$13 per bbl.; beef hams, $18 50@$19 per
Tallow has been dull at 5 ll-16@59i^c. Oleomargarine
is quoted at 6%@7c. and stearine at 7S^c. Butter has been fairly active, but is again lower; new creamery 14@20o., Western
factory 7@llo. Cheese has further declined, and is quoted at
The number of swine
Z%@l\^o. for new State factor}'.
slaughti'red at eight Western towns March 1 to May 2i was
18'^4-85
Pork
Bacou
Lard
1883-S4
lbs. 31,(543,600
Ib3. 265,72!J,2«)2
lbs. lt8,31H,6i7
'23.741,000
210,185,376
118,453,ill
Inc.
7,902,600
Inc. 55.513,886
Inc 49.866,273
There has been a buoyant coffee market, and the quotation
for fair cargoes of Rio is again
higher at ii^ic, while in
speculative options there is also an improvement. The close,
however, is rather quiet, with sellers at 7'15c. for June, 7-30c.
for August, 7 45c. for October and 7'55c. for December. Raw
sugars have also been active and buoyant, but close quiet at
5 1-1C@5 3 16o. for fair to good refining. Refined sugars are
also dearer at 6J^c. for standard "A " and 7%c. for crushed.
Molasses advanced lo 20c. for Cuba Muscovado, 50-degree8 test,
and there were large sales of Porto Rico at 26@ 28c. Teas
sold firmly at auction, but have remained quiet for speculation
for standard Japans, 31^c. bid for July and 22JgC. for
He
Thurs.
lYi.
Total.
[
33
42
1
319
26
579
10
Indiaiiuia, &o.
New
288
13
Orleans...
Mobile
297
497
51
1
76
208
13
296
26
2,056
296
59
361
59
Florida
Savannah
12
75
12
10
32
31
20
134
212
Brunsw'k, &c.
Charleston
Pt. Royal, &o.
159
516
76
508
133
194
200
194
44
272
200
13
321
1,023
1,153
1,918
6,961
WestPoint,&c
New
York...
Boston
Baltimore . .
Phlladelp'a, &c.
week
1
1,631
1
221
147
Norfolk
Totals this
338
150
14
3
150
Wilmington
Moreh'd C.,&o
44
108
80
29
44
61!
875
1,203
1,215
600]
For comparison, we give the following table showing the week's
and the stock
total receipts, the total since Sept.l, 1884,
and the same items for the corresponding periods of
1883-84.
1884-85.
Receipts to
May
29
bbl.
1,224,682, against 991,814 at the sime towns for the corresponding period last season. The following is a comparative
summary of aggregate exports from October 37 to May 23:
Wed.
Tues.
214
.
the West.
Mon.
Sal.
Galveston
Galveston
Ind'uola,&o
New Orleans.
Mobile
Florida
Savannah
This
Week.
296
455,227
10,857
2,056
1 ,50,8,232
290
59
364
228,529
77,612
719.872
9,747
510,632
7,390
93,561
Br'8w'k,&c
Charleston...
Pt.Royal,&o
Wilmington
M'headC.,&c
Norfolk...
W.Point,&c.
New York
Boston
Baltimore
Philadel'a.&o
837
26|
333
150
11
1,631
194
44
272
2O0
4,856
5,595
2,655 1,506,066
37,872
11,220
2
3,192
107,684
7,303
3,017
3,263
681
1,579
3,879
1,955
312,6601
6,310
7,553
8,196
318,063
7,160
5,158
9,608
449,466
469,125
160
251,928
42,873
649,957
8,059
415,291
13,638
91,664
12,581
574,396
220,471
106,928
176,920
29,549
55,005
19
402
55
13
1,023
548,773
232,251
67,885
723
81,871
40,007
49,261
692
700
2
1,865
8.12.9k.751,662
6,9C,4 4,701.381
Total
1884.
1885.
587,860
8,473
1
9,62
1
Stnek.
Since Sep.
1, 1883.
This
Week.
Since Sep.
1, 18S4.
to-night,
last year.
1,757
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Receipts
at—
1884.
1885.
1880.
1331.
1882.
1833.
we
;
December.
Kentucky tobacco has been quiet but
the week are only 200 hhds. for export at
firmer; the sales for
un6J^@12J.^c.
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 amounting to 2,030 cases, as follows 600 cases 1884 crop, Pennsylvania Havana seed, p. t.; 250 cases 1883 crop, do. seed leaf,
8@12J^c.; 100 cases 1883 crop, do. do., p. t.; 200 cases 1881
crop, do 6@ 10c. 200 cases 1884 crop. New England Havana
seed, 21@23c.; 150 cases 1884 crop, N. E. seed leaf, 133^c.;
180 cases 1883 crop, Wisconsin Havana seed, 20@ 30c. 150
eases 1883 crop, N. Y. State Havana seed, 15@20o., and 200
cases sundries, 5@28c. Sales of Havana fillers foot up 450
bales at from 60c. to $1 10 and of Yara 175 bales I. and II. cut,
p. t. also 150 bales Sumatra were taken in small lots at from
1 20 to $ 1 60.
Crude petroleum certificates have been more active at pretty
full prices until to-day. when there was a decline, and the
close was at 793^@79%c.
Crude in barrels quoted at 673®
1%c.; refined in barrels for export, 1%@1%c. and incases
8^@10i^c.; naphtha, &%c.
Spirits turpentine has been
moderately active for speculation at 33J^c. for summer and
early fall delivery, but closes somewhat unsettled. Rosins
are dearer at $1 12J^@$1 15 for common to good strained;
$1 223^(a$l 90 for medium; and $2 45@$4.50 for fine to choice
grades.
In metals there has been scarcely a feature worthy of note.
Pig iron certificates have been very dull, closing at $15 75@
$16 121^ bid. Block tin also dull) but closes firm at \^%®
191^0. on the spot and 18'85@18-90o. for future delivery. Tin
plates quiet and steady. Ingot copper has declined 10@15
gaints, closing at ll-40@ll-55c. for^ Lake, 10-60@10-80c. for
altimore and 10>^@10'80 for Orford.
Ocean freights have continued very dull, but are steadier
at the close, with grain taken to Liverpool at 2J^d., and a
steamer chartered to Cork for orders at 3a. Refined sugar is
reported freely shipped this week.
We
:
;
;
;
Qalvest'n,&o,
New Orleans,
322
833
2,056
2,655
3,628
8,913
296
364
488
163
402
1,768
55
18
876
253
53
864
95
723
4,540
3,702
6,420
3,769
8,085
6,241
15,950
32,612
23,674
Mobile
Savannah....
(Jharl'st'n,
&c
WUm'gt'n, &c
.Vortolk, &o..
15
2,437
8,062
1,036
2,994
2,060
812
1,434
2,318
811
1.902
1,160
All others....
1,825
1,598
3,278
6,884
7,262
Tot. this w'k.
6,961
8,129
30,426
2,086
3,370
511
1,842
1,444
4701.361 4751.fi62 5824,186 4556,889 5.565,042 4763,116
Galveston includes Indianola Cha,rle9ton includes Port Royal, &o.;
WiluiinjrtonincludesMoreheadCity, &(!.; Norfolk Includes We8tPolnt,&o.
Since Sept.
1.
;
The exports for the week ending this evening reach a total
of 17,610 bales, of which 9,772 were to Great Britain, 771
to France and 7,067 to the rest of the Continent, while the
Btocks as made up this evening are now 419,468 bales. Below
are the exports for the week and since September 1, 1884.
Wuk
Ending Ma\i
fVo/n Sipt.
2i.
1,
1884, to
May
29, 1885.
Exported to—
Exported to—
Exports
from—
Great
Conti-
Ibtai
Qreat
nent.
Week.
Britain,
^ance
157.rt48
8.609
\
Brit'n.^"""
OalTOSton..
New Orleans,.
S,SS8
MobUe....
Florida....
Savannah
8S0
Charlealon*.
Wilmington.
Norfolkt
New York...
Boston
Baltimore ...
Ptalladelp'a,Ac
TotaL
8,278
8,034
1, 030
1,030
407
331
WTa
12,090
40?;
93S|
771
7,067
e:2.oii 282,403
43,180
8,885
170,903 11,699
164,211 22,259
81,822
813,260
428.622
117.687
118.059
80,727
8,373
38,728
Continent.
19«,258
153,515
14,010
25,670
151,461
519
8,030
17,610 2,306,683 373,121
'>'««'•
64.145 sso.toa
325,011 1,279,425
700
43,880
40,303
8,816
3,883
390,858
339,988
68,883
345,308
618.809
118,206
161,417
62,648
980,441 3.660,287
Wri 17.442 2.247.06r 161,824 "Si.I05 3,392.9»0
Total lf*«-'<4 le.ilTS
* Includes erpons Irom Port Royal, &c.
t Includes exports from West Point, Ao.
I
g
.
Hat
B
1
In addition to above exports, our teleKnuns to-night alao glT6
us the following amounts of cotton on Bhipboard, not cleared,
add Bimilar figures for New York,
at the ports named.
which iire prepared for our special use by Messrs, Carey, Yals
& Lamlwr^ 88 Broad Stmet.
We
On ahipboard,
Mav
AT—
20,
m
THE CHUONK^LE.
80, 188S.]
not eleand—for
Tm Sales and Pricks or Futurxs are ihomi Inr tfisMltfwt.
Inft
oomprohenaive Uble.
Ortai
Britain.
I'
1.392
330
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
2,100
None.
589
100
None.
500
10,686
4.141
13,732
32,754
1,393
6.611
Galvefltuu
Norfolk
Now York
Other ports
rotaH883
MooJk.
Total.
wite.
4. Ill
Mobllo
Chnrleston
Total 1881
Ooatt-
6,680
None.
None.
None.
None.
None.
g.ooo
1.000
Savannah
Total 1885.
Othtr
R._,,„
^<"'««Foreigti
75,823
11,220
2.488
8.093
4.856
12,549
None.
100
None.
1.200
tSti
t
None.
None.
1.200
11.400
1,500
801,260
21,242
4,292
2,189
27,308
422.1)10
2,444
6.279
1,407
7.327
7-aS^ ?Tjg5 ?w5'
vZtZ.
9
9
u
2,67'J
III
©or'
00 z 00
1
-•i-4
a
Li.
L
coabOoD
99
<
S
'<
ODQO
to
8%
Strict Ord..
93,8
^\
10%
103g
Low -MiddV lOlMslOlIig
103,8
10»18
1011,
lO-'s
Str.I/wMld 10-8
1078
ll'ie
11
lisie
1138
U»,8 119l« ll»l(l Il9t8
lllo,(
llli.,9
111*1,
1111,6 1116,8
lH3l«
129,, 129,„ 129,,. 129,8 129,8 129,8
Good Ord.. 10
U'd Ord 103a
Mlddllne... 11
8"i«
9%
93l«
10
1
lo^a
111
1138
.
1238
1239
|W^ed Tb.
Ordln'y.ipa)
Strict Ord..
12%
Fri. IITed
8II18!
8lii6
9i8
i
113m
Good Mid H3,« lUie 113,1
8tr. G'd Mid 1138
1138
ll3s
Midd"i{ Fair 11«J
11% 11%
Fair..
!
811,8
9I8
9*8
Good Ord.. 9i6ie 916,8 9>6l8
Str. Ci'd Ord 103i8 10^,8 105,8
Low Mldd'K 105a 10=8 10»8
Str. L'w .Mill 1013,6 1013,81 1013,6
Mlddllii)?.
lOi^ie 1015,8 1016,8
Good Mid..' It's 1118 Ills
Str.
.Mid 116,8 11^6 116ie
Midd'g FaU-i 1111,8 lli'ie
fair
126,8 125,8 126,8
I
STAINED.
ll'^s
'
815,8
9%
816,8
938
103,8
109,8
938
103,8
109,8
lO'^s
10 ^8
ini«
ns,6
11 'le
lUie Ul,«
113,8
1138
11%
113,8
1138
Th.
FrI.
96,8
8 '8
96,«
im im
I
1211
Sat.
eo
>)
0000
S
938
103,8 10»16
109,8 109,8
ICTg
lO's
Wed
Th.
eoso
^jllb.
Mlddllug
!
838
91l8
9'8
101s
MAHKET AND
rhe
total sales
and future
'S
to» 2
(OO — ''
96,8
10>8
10i«
99
obob
ll'S
Ills
116,8 116,8
III9
U»9
11-8
It's
121«
12>a
116,8
U618
Man Toea
l¥ed
Ul«
U's
l^ia
838
9I16
979
lOia
\V»
ii'a
12>1
I2ia
816,3
838
I
:
978
lOia
Tues. Weak
fb
I9m:
-
too
•«;
I
s
9
I
Ex- \Oon-\ SpethTran-
I
1
••
•»:
I
I
06*6
o* »
MM ^
06 i
I
as:
I
^'^C
tooo
a
I
:
I
00 ^
5
-jvl
«o o
M-.
<
9
^
"l
9M.
1
'4
a
a
oco
MM fJjM
:
a
1
:
I
coo
•*
a
to:
I
a
**
om:
oc
OOoO ooSo
OOo OC09
MCOW
O
CC
QP
M—
00
OOP
818
..
CJCOOco
-4
M— >
99
7
litO
»
>
00 5 99 ?
9
KtO
tsto
to 10
a
^ wo
a.M:
ow OHO
la
M-e)M M«oM
OOoO OOqO <50o9
oiM
M
-4M
c^
00 ^ 00 >
5 00 5 99
toto
icii
2
-7
t;»ro
'*
5
2
"*
:
K:roO(o
CIO
ifeCO
n
O
1
o*-*
I
2
*<
a.":
MtO
».-•
M,- CO-^
1
I
-Mrf^M
OOOO
9909
iiti*io totcOta
~IO o
CSC5
MM ^
00 5^
99
5
o UCO 9
coco
a-:
O"C0
I
a
I
CO
'
a
ow
1
toOt^
tSl(»
aid
:
CM
99
?
tOtO
9
icto
MtO
M-1
l»r
M — »-
a
I
"«
:
OOoO
KCO^IO
«t3
©o
5
lita
2
**
taw
CO
99
?
tots
0P»
ato:
a
I
CP-I
It*
c.to
2
^
cod)
c^
2
>
:
IP
<0
-400
1
*>
:
I
1
'
03
-iw
'
to
GO
—M >
o©
tOM
»:
M
ma,
00
'
to
I
—
ato:
a.»:
MmmM
MMOM
M!• c;,M
OOOO
©9
9909
9 o©
^co cocIiOcb cow^co eo ©CO
OOoO
•»
aM;
1
—bo
ooo9 Moof
CC«^Cco
MM > MM >.
>
00 5 99 ? M—
00 5^
coco
coco
9
:
MM
00 >
ij
i^ 2
-'i
CO
I
"^
cocuOco
O
OOS9 OCqO 9 o9
toioOto Kt9O|0 to o»o
Oo«
mM M — coM
:
-j ri
OW__M_ ecu
^— aM
CJ«
•-*
»j-io.'i
MM ^ MM ^
00
5 00 5
coco
a MO "
I
KioOtb toriOw
#-
a
0050 OC09
*.-:
—
MMo
992?
toroOto
I
17
M-i
a-:
c 009 oooo
«j«40^
oa cp Cb-jOa
XO ^1
MM ^ MM [^
00 5 00 ^ 99
5 99
ecu
coco
2 coco A cb&b
1
00
9|
? o©
*ci>
-JM
•*
l«
:
!J
:
I
a
:
19:
:
I
a
W
:
:
©000
Ifc
Jfc'J*
W
C3
I
©Ifc
I
I
I
1
M
>
I
i
!•:
l«:
l«:
I
?
S
I
I
'*;
I
I
!•;
I
816l,l
I:
I
I:
I
«:
I
I:
I
I:
I
I
I
1!
81»18
$U.
_,
">""
,
Sala.
Deliv
tria.
300
140 49,400
482 41.700
265 38.000
....!
Quiet
250 1,325
1,575
Frl.
tjulet
....I
63
68
....I
a^:
...
at-).'
M— >
99 4 Obcb
99
I
I
I
:
day during the
llasy at li« dec..
2502.28oi
toOD
I
Frl.
Til.
22,300
140
482
265
MM qp 13*. U
XX
99
? 99
7
COCO
2 toe 9
bo:
0!-|O
SALES,
Wed.
Total.
-
oooO
OOo
«;
Tliiu-8
.
4
OSCff
913,8 913,8 913,8
10718 1107,8 1107,8
deliveries each
port. iump\tU'l'n
....
....
I
OS
91,
Bat.. XoiuLnal
Dull
9
99
90:
11616
lHa
BALES OF SPOT AND TRANarT.
.
<
1
99
dot
im
lli«
%oi;
I
5n"S
M^^Ol-*
00 pO 9929
>ai oc^Oob ocbO\3
tooOts
-10
^^
»-M ^
00 5 MM ^ ^M
00 5 9S ?
9 teoD 9
todb
«» a
wto.-*< kiqDm^
1
96,6
indicated in the following statement. For the convenience of the reader we also add a column which shows at a
glance how the market closed on same days.
Hon
f
»o^ Or!
«o>:
aa:
OOoO OOqO
CO
00;
O^OM
99o9
8 (OcoO CO
coo CO COCOOco tOCCOto «oO-3
ooD oa
W*- to
"s'T
week are
SPOT MARKET
CLOBSD.
•
my:
if>
00
Frl,
9-'t
Oto
9|:
«>oO<e
I
I
Good Ordinary
Strict Good Ordinary
I^w -Middling
too
I
O**
85i8
1018
10>8
lOifl
10>8
lO.'s
lOij
lOia
iota
101a
10>a
lOiSie lOia,, 1013,8 1013i8 10I3,j lOiSje
11
11
II
11
11
iiie
11616
Ilia
.
yd
;
8'8
96,8
8:5i«
938
103,8
109,8
10^8
ll'ie
113,8
1138
11»1«
'
52
9
QDob
M.-
8%
8tr.
!J
09
OSIO
1
Ordin'r-^*
u
•
I
I
objbOob
—
TBXA3.
Sat. IHon Tue« Sat. raon Toes
9
(KOD
acM
00
•
OOoO coSo 00=0
in transit. Of the above,
bales
for speculation and
were to arrive. The following are the official quotations for
each day of the past week.
ORLE.VNS.
31
:
I
2=
sumption.
Yesterday there was a better general business
reported for spinning, but to-day the market was quiet and
nearly nominal at 10 15-16c. for middling uplands.
The total sales for forward delivery for the week are 211,300
bales.
For immediate delivery the total sales foot up this week
2,580 bales, including 2o0 for" export, 2,280 for consumption,
to
Ki
'28='
09
9| ? one
•
5
2
^ •:
!^
»
rich
'-""a"
OOoO ooao
s
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 opening 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 l-16c. The export
demand fell off and there was but little doing for home con-
—
«:
I
caused
iiaij 29.
^ 8^
00
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,
NEW
M a
6 »4cd^
suntide holidays, depriving us of its influence in aflfecting the
course of prices. Still on Saturday there was some depression 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 tlio view of aflfecting
UPLANDS.
Sat. nioa Tnes
4
5P
•
•3
The speculation in cotton for future delivery at this market
dfaring 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-
—
ao4
S
L»attna
New Orleans
Mau 23
In tha sUtament wiU bs foond th*
daily market, the prioos of sales for each month mdh day,
Che clraunK blda. in addition to the daily and total aalra.
30,500
29,400
2,530 211.300
3,100
2,400
8,800
The dally dcllvenes glvon above are actually delivered the day
previous to that on which they arc reported.
:.
I
l«:
I
!•:
:.
I:
l«:
I
I:
I
I
!•:
I
I:
looludea salee In bepceiober, 18S4, lur Hepttiiuovr, 153. '.<xU nepUiiLberOotober, lor October, 421,800: ScptemlxT-November. for Novembor
582,200; 8ept*niber-I)w<>inber. for Docenihwr. 967,800: eeptembST'
Janoarv. for Jannary. 2.114,100: 8epteiiil«>r-Fehruary. for FsbnuUT*
1.959,200; acptember-March, for March, 2,294,100; Heptembci^ April,
'
;
for April, 1.7b(j.5oo.
lar We have Included In the above table, and ihall eontlaae eaok
weeK to Klre, the average price of fnturea each dar (or each montii. It
TiM
be found undor each d.iv fallowing the abbreviation " Aver.
BveraKe for each month for the week Ik alao dven at bottom of table.
Monday.
10
10-95c.;
90o.:
Ordors-Satnrdar,
Tueaday,
Tranaferable
will
'
ll-OOcj WedneiMlav. lO-OOo.: Thursday. 10-900.: Fridar. 10-8S«.
Short Notloea for May-.Mouday, 10-92o.: for June, Friday. 10 82o.
The following exchanRes have been made during the week
•05 pd. to exeh. liio .Tunc for Anif.
pd. to exeh. 100 June for Aug._
•05 pd. to exch. 500 July for Aug.
04 pd. to ekc'h. IUO.I111V lor Joue.
•03 pd. to exch. 100 July for Juue.
•0:1
I
|
1
j
>
100 June for July evra.
p<l. to exch. iOO June for Aa||.
09 pd. to exch. 100 Juno fur An^
•OO pd. to exch. 100 June for Aug,
•lO
:
'
THE CHRONICLE.
656
as made up by caDle
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
to 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 onlv.
The Visible Supply op Cotton to-night,
and telegraph,
is
Htock at Liverpool
Btook at London
bales.
Total Great Britain stock
Block at Hamburg
Stock at Bremen
1
.
1884.
917,000
61,000
,020.000
5,000
978,000 1,028,200 1,095,20j
i.soo
3,200
3,800
28.500
51,700
69,500
16,100
41,000
50,000
1.3B0
2,'iOO
1,000
2,350
1,800
3 200
139,000
174,000
242,000
2, '130
7,200
5,000
23,000
64.000
82,000
4,000
16,000
10,000
5,480
9,000
9,900
50,000
500
800
189,000
4,000
66,000
8,000
5,000
378,300
Total Continental stocks
1892.
18S5.
906,000
30,000
50,(iOO
at Amsterdam
at Rotterdam
at Antwerp
at Havre
at Marseilles
at Barcelona
at Genoa
at Trieste
etock
Stock
Block
Block
Block
Block
Block
«took
1883.
973.000 3,0.2,000
50.200
63,200
224,520
391,300
4.45,500
2,233,917 2,401,875 2,802,625 2, 490,370
Total visible supply
aho ve. the totals of American iind otlier descriptions are as follows-
<)f tlie
American —
747,000
265,000
113,000
449.408
tJnited States slock
5],9i9
JJniled States interior stocks..
3,-00
United States exports to-day..
Liverpool stock
Contmental stocks
American
bales
afloat for
Europe...
Total American
Sutl Indian. Bras%l,itc.IJverpool stock
249,000
.S'
1,000
O.OoO
623,000
11
7.000
;s6r->,000
17ii.0O0
493„n67
443,015
81.605
9.000
loO,55,8
277,000
61,000
135.500
333,000
24,000
,000
113,300
208,000
4,o00
Continental stocks
Indiaafloat tor Kuronp
ic,
730,000
253,000
1,6;9,617 1,571,175 1,9*9,125 l,43a,650
Eondmslock
E«!'t, Brazil,
610,000
310,000
95,000
469,125
56,050
Quotations for Middling Cotton at Other Markets.
afloat
5",200
13S,;iOU
3-i.i,000
33,000
854.f.00 l,0-.0.720
l,'i21i,61T 1,5/1,173 1,918,125 l,43y,d.jO
&0
811,500
(-04,300
2,233,917 2,401,06i 2,80J,623 2,400.370
Total visible supply
'iand.
'-'pt.
5i)i d.
5%d.
Price Mid. Ui.l., Livenool....
10i5|,,c.
lV\e.
12ii,c.
103ic.
Price Mid. Upl., New York
fSST The imports into Continental ports this week have been
4'),000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 167,748 bales as compared with the same date of
1884, a decrease of .568,708 bales as compared with the corresponding date of 1883 and a decrease of 256,453 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
1.S83-,S4
—
is
set out in detail in the foliowinii statement
CLOSISO QUOTATIONS FOR MIODU.fa COTTON ON-
Week ending
May
29.
Galveston
New
Satar.
Man.
Tues.
Wediies.
104a
lOia
109,8
lOia
109i,
10'^
KOig
10^
10%
10=8
101a
10>a
1038
lOMi
10%
10%
1014
lOiiie
ll's
11
. .
Orleans.
Mobile
Savannab.
Charleston
10i«
..
Wilmington
,.
Norfolk
Boston
Baltimore
I014
10%
lOH
lOUia
icn,g
im
I014
1011,8
11>8
11
1114
11
11
im
Philiidelpbla.
1038
1038
Louis
Cincinnati...
Louisville .-.
im
U14
10!^3%
105»4%
Memphis
St.
lOia
10^
.
I
FH.
lOBi,
lo^a
1038
lOHi
109,6
lOT.g
10%
lOia
1034
10 >4
1011,8
10%
1"4
I'-U 16
ni«
Ills
11
im
UH
1038 3%
1038
1039
lOSsSi^
Thurs.
105s a
10'^
1038
1015,8
1114
10585.%
1038
1038
%
103s
1038
1038
10 «»
10%
lO.Ti
10%
10%
10%
105s
lOiSs
10=9
insg
I05b
lOSg
L03g
Eeceipts from the Plantations. —The following table is
prepared for the purpose of indicating the actual movement each
week from tlie plantations. Receipts at the outports are sometimes misleading, as they are made up more largely one year
than another at the e.xpense 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
yc 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.
RECEIPTS FBOM PLANTATIONS.
Receipti at
tlie
Ports.
SVk at Interior
1S81
1883.
Rec^pisfrom PtanVnt.
Tnmtis.
1(«5.
I
I
I
1883.
|
1884.
I
1885.
"
10
"
"
17
42,581 297,173 184,414 HI, 132 103.T33, ^8,813 24..'i34
42.633 33,8S5 276,(116 100,8014 170,155 S7,&13' l«,03fj' 21,908
62,8S4'
SO.'JWO
2M,810 2P.0,O71 141,33.1 158,175 74,024 83,.jll: 1U,8S0
78,70>' 87.(19l! 28,111 2o7,153!l25,3B4 144.99S 6-1,8-9! 81,2491 14,034
'J.i,8t5 30,113' 21,808 239.4BllllO,0«8 12S,W)3 53.244
14,7871
6,716
Be,5i7i 80.274 23.723 213,0J9 9.S,900 117.8.'3 40,095, 19,106; 12,840
S4
58,21ll 20, 23'
lll,li2|189,8ija
Miiy
1
8
48,701
50,375
2fl,053l
••
"
15
43,9711
15,637
8,6«4
••
22
2n
38,539
.'10 4 '6
6,863
8,130
14.7)6 164.38
8,633 147,942
9,413 133,872
7.439 125,515
Uoh.13
Total East India,
Total American
—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for eacn
day of the past week.
409,000
63,200
117,620
425,000
36,000
2 48,000
[Vol. XL.
bales Ifss than at the same period last year. The receipts at
the same towns have been 565 bales more than the same
week last year, and since Ssutember 1 the receipts at all the
towns are 234,161 bales less than for the same time in 1883-84.
Augusta
Total European stocks ....1.404,300 1,423,300 l,41!i,,500 1,319,720
42;.,000
33.1,000
383.000
India cotton afloat for Europe. 208,000
36.S,000
176,000
95,000
Amer'u cott'n afloat for Eur'pe 113,000
3vi.000
4,000
24,000
35,000
Egypt,Brazil,&c.,afltforB'r'pe
493,567
443.015
469,125
Stock In United States ports .. 449,468
81,6'>5
56,0-.0
51,949
100,55s
Stock in U. 8, Interior towns..
a,O0u
3,200
1,000
6,0J0
United States exi>ort6 to-day..
'
.
"
111.881
IdS.OaS
20
27
••
April S
"
...
.
4B.S7a
>
[
6,961 114,679
The above statement shows
the plantations since
in 1883-84
2.
were
—
1.
September
4,7Gt),6S0 bales; in
90,794 106,9,83, 36,021' 12,75?|
82,x09 88.328, 23.33S|
13,068J
81.923 34,l:l4 14,083
75,.S22 70 945! 29.00sl '3,281
70,.i21 04.283 S0,233|
564
64.174 57,807 19.610
1,7801
81.23;
8,282
2,228
769
488
total receipts
from
were 4,741,953
1882-83 were 5,'J3i,380
bales;
bales.
That
tlie
18S4,
1,
—That, although the receipts at the outports the past week
were 6,964 bales, tlie actual movement from plantations was
488 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 1,730 bales and for 1883 they were
19,540 bales.
? ? o E" i> » «
§.-
S
I-- 1-'
•-^r'n
E°p;
s
m
fK SQ
?*
.
2
P
,
:
c3
f^.
I
Cjf*'
O
'
O"
c
i
CC <1
Amount of Cotton in Sight May 39.— In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to May 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
£ =- s,-?
Q
Of
^•.
Co
Tot. receipts
from planta'tns 1,741,953 4,76«.680
I
— (0 f*
•
Total In sight
"
K,
Ma.v
1^5
w
' c;
»o c:
Ot O' 0» »- r-
M
O -•
"J"
"col ic
/
it-
CC
I
t£
H QD
>-io»-
C- QC O'
tf^
»-•
V M 10
'^'
-
j c
X
(t*
— coo»
Oi *
'
rf^"
K^tTOlO
-
*,
\
to
CO
UX
»t-
t^o
— ^o; w^cco*-;
-
•
cj~ic cow >
Ci
-
".J'
Hay
1
May 29
5T8.718
239.0O0
.516,72^
26»,(i00
5,92-2, <80 4,60.5,049
5»9,8t>2
27.5,00..
422,630
210,000
5,559,671 5.577,40ri 6,797,242 5,237,679
^,
Nortbem
U,^-^l'-rf^:0
1831-32.
1
Receipts at Ibe porta tj May 29 4,7U1,361 4,751,662 .5,824,1815 4,556,889
Interior stocks on .Ma.v lii* iu
4^,160
40,592
15,018
S 8,194
excess ot SepteiuVier 1
Net overlain to \ta.v I
Southern cousiimpt'n to
;
1882-83.
1
(**
i-^
<) •
1S83-84.
1884-85.
to
to to
00
0<
J^ ti to
MX
«:*
« O' o
i.261.2«9 1,438.~P6 I,611.i«.5'l,4e5,600
2!)
be seen by tbe above that the decrease In amount in sight
tn-niglit. as ccuparud with last year, is 17.71.5 bales, th.' decrea^o
from l.<x-..-8l is 1,237,571 bales, and the Increase over 1881-82 Is
321.992 bul'-s.
Weather Reports by Telegraph. Our reports received
from the South this evening indicate that, although the crop
is genera ly making patibfactory progiess, the rainfall has
been excess Vr in sfctions of t le Atlantic and Gulf States and
It
to
00
spinners' takings to
will
—
tooD^otiik
at
tuoo
as s:
51
CD
03
O*
c.
i^CUK-COJrfkpif-CBXMCCO^- tOtwaJj-OD
X** c'It».A.*r"tob>
h-" '»-'%'i:VtV-i-cc)'*—
.»- w o jt .u
»t* CI -vi * -fc » c;" X — Oi y '-0 5
r>
Mi-t
CO
j
ot
M
O
&^^
-'
10
a
ZJ*
iuil:
o«w<i:
tK!
to*
MA
I
Ice
VtO-J-O
Cto--i-;ttoio
lO
*^
MW
iMf^tO Ik^fl*
Kl*-r- CJIX
tocoH-
1—
*J
o^l
— N,»0.
— to -J.
.
.
w
;
t-CJD^OW
Oin^O-
:
1
a,
»
CO
^-f5tO
?5
fOJ-*
"U-c XCS-i-bt-'J
coLo~j-j-;,c.ai
:
—
"^
1
.
;
,
to
H*;
MtOT*-*'
t.i**u;c-xo»— *.<r.
-Actual count to day.
•
;
o«
Oil *<)
fcOCn
0|C5l^*-Cit^
;
There are, however, no
in Central nnd Northern Texas.
complaints of serious damage as yet.
Haroe.sUm Texas. We liave had light showers on two days
of the week, the rainl'all reaching two hundredths of an inch.
The therniomi-ttr has averaged 78, ranging fruiu G9 to 86.
lutliaiwla. 2'e.ciix. It has been showery on three days of
the week, the rainfall reaching fifty-eight hundredth-* of an
inch. Ti<e crop la developing promisingly. Tbe ihermometer
his ranged from 70 to 89, averaging 78.
Palestine, Txuas-.—li has rained hard on four days of the
week, the rainfall reaching three inches and thirty-six
hundiedths. We are having too much rain, and the wheat
harvest has been retarded. Aveiage thermLimeter 76, highest
—
I
3.?
87 and lowest 61,
Me year'- tlBiiieh er-tlniated.
The alHjve totals show that the old interior stocks hnve
Uu .tsBiUe, Texas.— \fe have had hard rsin on one day of
decreasf-d during the week 6,000 bales, and are to-oigbt 4,101 tho week, the rainfall reaching one inch and fifty hundredths.
t
'I
I
—
May
THE CHRONICLE.
80, 1885.]
The thomomotor has averaged 77,
proinisinff.
Ihmmi{ 1)0 anil tho lowest .13.
It liiia raiiioJ hard on thrpo days of tlio
Litlin;/, Tciuis
wock, the raiiirall leaclunp; four int^lKH ami fifty humlructth-t.
><i
iniioh rain, dt<layln)i worx.
Tha thoraro liaviiit; t
niuiiieter Ims nvcra^jed 77, ranKing from 01 to 88.
There
has
during
Tfxu.i.
bbonnorain
Columbia,
the week.
Crops aro vitv
th.1
tho
mometcr
lii^jliost
—
Wo
—
Crops
.iro
Out anotliar overflow of the HniziM river is
Tl»e thormometor has ranged from 03 to 87, avur-
sploudi
thrt'iitoued.
aRitiK 77.
1
—
Although wo have liad hard rain on
Jh-eii'tam, Texas.
three days of the week, no serlom damage ha-i been done. Tho
Average thermometer 74, highrainfall reached four inches.
est S3 and lowest 5.5.
Belton, 'Jec(Ui. We have had rain on four days of the
week, the rainfall reaching two inches and eighty-nine hundredtlis.
We are having too much rain, but probahly no
serious damige has bi-en ilone; yet the constant rains prevent
The tlierinometer has averaged 75, the
the wheat harvest.
highest being 88. and the lowest 58.
neatherfiird, Texiis. It has rained hard on two days of
the week, ihe rainfall reaching three inches.
aro having
too much rain, preventing whea* -cutting. The thermometer
has averag'd 71, ranging from 82 to 84.
ValUis, Texas. VVe have had hard rain on four days of the
week, and are having too much rain. Streams are overflowed
and some bottom crops hurt; but otherwise probably no serious
damage has been done, yet tmall gr-iins are sufTermg from
the inability to harvest. High winds have also in some places
done local damane. The thermometer has ranged from 59 to
91, averaging 70, and the rainfall reached three inches and
eighty-four hundredths.
New Orleani, foHisiana. It has rained on three days of
the week, the rainfall reach :ig eighty-eight hundredths of an
inch. Tho thermometer ha* averaged 78.
S/irev'piirl. Lo>tisiauii.--Ri\n(aU for the week one inch
and twenty-five hundredths. Average thermometer 77, high-
—
—
Wo
—
—
and lowe.st 65.
Meridian, Missijisinpi. Telegram not received.
Columhus, Hisx'.s-sip/n. It has rained heavily on four
days of the week, the rainfall reaching Ave inches and thir.ysix hundredths. Too much rain.
The thermometer has
rangetl from &i to 91, averaging 78.
Leland, M'ssssipp'. Although the weather has been
quite favor.tble t) crops during the week, we have had more
rain than nece-sary.
there has been rain on three days, with
a r<dnfall of one inch and ninetv-nine hundredths. Average
thermometer 05 3, highest 88 and lowest 01.
Lit'le Honk, Arltaitsa.i. The weathur has been fair to clear
on three days of the week, and the rem«indor cloudy
with rain on two days. Toe rainfall reached ninety-one hundredths of an inch. Crop rep irta so far quite favorable. The
thermometer has averaged 74, the highest being 87 and the
est 93
—
—
—
—
lowest
63.
—
Htlena, Arkansas. We have had splendid showers on
three days and the remiinJer of the week has been cloudy.
The ra nfall reached sixty-two hundredths of an inch. The
thermometer has averaged 76, ranging from 65 to 88.
Memphis, Tenneiaee. We h>ive had light rain on four
days ot the week, the rainfall re,iching fifty-nine hundredths
of an inch. Crop prosp -cti are favorable. The thermometer
has ranged from it-j to 90, averaging 76.
Nashoille, Teitnessee. It has rained on six days of the
week, the rainfall r<'aching two inches anl forty-two hundredths. Of the receit>ts this week 435 bales are from Memphis and 136 bales from ML)ntgomery. Average thermometer
—
—
73, highest 83, lowest 64.
—
Mobile, Al'ibaina. 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
are tes favorable. There has been too much rain in West
Alabama and E ist Mis-issippi, ani although no serious damage lias been done, much is feared by overflow in the event of
its continuance.
The thermometer ha* averaged 76, the highest being 84 and the lowest 09.
Montgomery, Alabama. The weather has been warm and
sultry during tne week, with rain on six days, and reaching
four inches and sixty-nine hundredths. We are having too
much rain. The week's receipts include 211 bales received
?reviously but not countei. The thermometer has averaged
4, ranging from 07 to 86.
Selma, Alabama. VVe have had warm, sultry, wet weather,
with rain on every day of the week, the rainfall reaching two
inches and five hun Ir -dtlis. We are having too much rain.
The thermometer U is ranged from 69 to 83, averaging 76.
Auburn, Alabimi. It has been showery on five days of
the week, the rainfall reacuing one inch and ninety-seven
hundredths. C ops are growing finely. Average thermometer 737, higho-t <ii and lo>vest 66.
Madison, Florida. We have had delightful showers on
three days of the week, and the indications are that they
extended ov,'r a wi le surface. The rainfall reached one inch
and twenty five hundredths. The thermometer has averaged
77, the highest being 87 and the lowest 69.
Macon, Georyia.—li has been showery on four days of the
week.
C'llumbus, denrgia. We have had warm, sultry, wet
weather during tlie week, ram having fallen on five days.
The rainfall rfaoht-d three inches and forty-six hundredths.
The thermometer ha-i rantred from 70 to S6, averaging 78.
—
—
—
—
—
Savannah,
(ieorgia.
— We have had rain on three days, and
667
hM
romaln.lnr of tim wwlt
b«nn pleMsnt.
79, highent 80, lowwt 70.
'' Weorfrio.—The weal'
Arcrut ther-
''
d"
r*'
week, with heavy
L
'
i
:
.
J Inches
m
;ini! Mi«»tf.tKp
are good; it is <l
'1
be.-n secured.
being 01 and thx iiiweui
,
-
11),
Atlanta, (/eoryla.—Wt liare had rain on eis dayi of the
week, tho rainfall reaching eightv-eUht hiindrellhi of an
inch. Too iiunh wet weather. Thj thermometer haa averaged 71-7, ranging from 0.5 to 81,
Charleston, Houth Carolina.— Vft hare had rain on two
d*yg of the week, the rainfall reaoblnKnInetr-flrehandradttM
of an inch
The thermonaeter has ranged from 70 to W,
averaging 78.
Columbia, South Caro2/na.— Telegram not receired.
Stateburg, South Carolina.—The weather ha* been warm
and sultry during the week, with heavy rain on one day and
showers on four days. The rainfall reached ninetr-two hundredths of an inch. Weeds are growing so fast that they aro
becoming troublesome. The thermometer haa averaged 74-0,
the highest being 80 and the lowest 86.
Wilson, N.irth Carolina.— It has rained on four days of the
week, tho rainfall reaching one inch and seventy-nine hun-
We
dredths.
aro Iiaving too much rain, and weeds are growing so fast that they are becoming troublesome. Washing
rain Wednesday night. The thermometer has averaged 78,
rang^ing from 70 to 86,
The following statement we have also reoeived by teleerapb,
(bowing the height of the rivers at the points named at 8 aclock
May
and May
28, 1885,
39. 1884.
Uny
Naebvilie...
Ful.
Below UliJi-water mark
3
above luw-water mark. 14
Above low-water mirk. 10
Shreveport
Vloksburg
above low-water-iimrk.
Aliore low-waier-iiiark.
New
Orleans
Memphis
Mat
28, '83
Inch.
1
7
8
18
3
*
7
3
38
43
»
1
•J3
30
2». -84.
Ful.
ttuh.
7
New Orleans reported
below high-water mark of 1871 nnti
was changed to highwater mark of April 15 and 16, 1874, which la O-lOths of a ^ot
above 1871, or 10 feet above low-water mark at that point.
India. Cotton Movement prom all Ports.
We have
re-arranged our India service so as to make our reports more
detailed and at the same time more accurate.
We had found
it impossible to keep out of our figures, as cabled to us for the
ports other than Bombay, cargoes which proved only to be
shipments from one India port to another. The plan now
followed reUeves us from the danger of this inaccuracy and
keeps the totals correct. We first give the Bombay statement
for the week and year, bringing the figures down to M ly 38.
BOMBAY RBCKIPTS AND 8mPMK!»T8 FOB POUB TEABS.
Sept. 9, 1874,
when
the zero of gauge
—
Bkipmentt ihiB week.
Fear Oreal Continent.
Bril'n.
Shipment' tine* Jan.
Breat
OontiTotal. Britain ntnt.
SttlpU.
1.
Total.
1895 IT.OnO 1.000 1 1^,000 184,000 315,000 600,000
1334 12.000 10.000 22,000,378.000, 6J2,000 900.000
1383 2(t,000 31,000 61.000 139.0001 1>58.000 995.000
l«82[23.00n S7.000 60.000 (HO.OOO 43 7,000 1.087,000
1
nit
Une*
mttk.
Jan.1.
69,000 800,000
73.000 1.289,000
69.000 1.344,000
sti.ooo 1.370,000
Bombay appears to show a
decrease compared with la.st 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
the last reported week and since the Ist of January, for two
"Other ports" cover Ceylon,
years, has been as follows.
Tuticorin, Kurrachee and Coconada.
Accordmg
to the foregoing,
BKipment* yv>r the
Great
Oontinenl.
Britain,
Oaloatta—
1885
1884
Bhipmente linet January
teeek.
_
.
Great
Britain.
,
""<"•
„
I.
.
Oontltient.
Total.
40.900
64,900
127.400
13,000
4,600
17,tiOO
17,100
13,600
22,000
4,0U0
39.100
17,40O
74,500
113,000
83.500
49.500
16.\500^
63.400
86,600
900
900
'
IL.'iOO
Madras—
1885
1884
Total
1,000
1,000
600
600
1,000
1,900
600
COO
aU—
1885
1884
4,000
4,01)0
1885
1884
All otberg
900
108.000
The above totals for the week show that the movement from
the ports other than Bombay" is 1,300 bales more than same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1885, and for the correspondin|(
penods of the two previous years, are as follows:
BXFORTH TO K(7ROPB FKOM ALL IWDIA.
ThU
from—
weeJt.
ainet
Jan. I.
18,000
509,000
22.000
1,901'
10-<,l*00
600
Bombay
AU other ports.
Tntal.
i9,n<M
«17,n00
1883.
1884.
1885.
tkipmentt
to tt!l Europe
rsdt
Binee
Jan.
22.6001
rM(
Jtm.1.
I.
900.000
162.600
1. 06i,5<M>
63.000:
500
993.000
8:.ioo
63.5001 1.077.10O
This last statement affords a very intereeUiiir oompanaon
India poctii
the total movement for the three years at all
oi
e
:
;
:
:
THE CHRONICLE.
658
—
Alexandbia Receipts and Shipments. Through arrangements we have made with Messrs. Da vies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable ot
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding
week
of the previous
Alexatidria. Egypt,
two
1,000
3,592,000
ISSi-Sb.
2.000
2,249,000
.S.OOO
2,637,000
This
Since
week. Sept. 1.
TMa Since
week. Sept. 1.
296.000
187.000
1,000 216,000
1,000 131,000
who have hitherto opposed it, have declared their
resolve to vote in its favor, so as to give a reasonable assurance 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 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 be hold for a new board of managers and other
officers.
Svirt
This
week. Sept. 1
The admittance of visitors to the Exchange room has been
prolonged from three days after the card is issued, to ten
days.
BxportB (bales)—
Xo JJverpool
To Continent
i',6oo
1,000 229,000
1,000 84,000
I, COO 483.000
2,000 377,000 2,000313,000
Total Europe
* A oantar Is 98 lbs.
This statement shows that the receipts for the week ending
May 27 were 1,000 cantars and the s)iipnients to all Europe
1
1,000 bales.
—
Manchester Market. Our report received from Manchester
to-night states that there is no market, to-day being a holiday.
give the prices for to-day below, and leave previous weeks'
prices for comparison.
We
1884.
1885
8H
S2« Oop.
OotVti
lb:
Shiriingt.
Xwiti.
8H
32» Oop.
Mid.
Vpl s
Cott'rt
lb».
Shirimgt.
IWl'ffl.
Hid.
Upidi
Defective Cotton Ties and LianT-WEioHT Baooing.—
The board of directors of the Mobile Cotton Exchange on
May 31st unanimously adopted the following report and
recommendations
:
Mr. O. L. Hopkins, President Mobile Cotton Exchange:
Your Committee, to whom was referred The question of insulficieut
covering of cotton iu bales, beg to submit the following
During the past season the use of defective tics and light weight
bagging has inUicted material loss on tho cotton trade, and prompt
provisions should be made to prevent a recurrence of the evil.
Prior to 1876, iron cotton ties were sold by the pound, each bundle
containing thirty ties, weighing not less than flfty-six pounds. Since
that date the ba^is of sale has been by the bundle, without reference to
weight, and, under the sliarp competition which resulted, the prolits of
manufacturers have largely depended on a reduction both in quality
and ijuantity of material used. The imported tie now weighs a trifle
than tlfty-ono pounds, while many American manufacturers have
reduced the weight to forty pounds, including a liberal coating of some
less
tarry preparation.
'
4.
a.
ltch27 83if,®8%
Apr. 3 83|fia8%
•'
10 83ie-*8^
• 17 !J3,„S8%
" 24 83it®8%
Kay
"
R.
a.
5
5
6
5
5
5
83,ea8%
5
8 3li6a8»s
5
1
"
s.
a
96 10
ae 10
6 ®6 10
6 ®6 10
6 ®6 10
6 ®6 10
6 ®6 10
6 ae 10
5 ®6 9
6
15 31lB«858 5
" 22 3
®89i« 5
" 29
Holiday
a.
a.
8Be
6
6
6
®
A.
a.
8.
9>4 5
914:5
8i:'i6a9°i8 5
8.
rt.
9ifl»7
lO^sa?
4
6I3
4I2
63,
89% :5 11 97 5
9 9% 5 UiaS? 5H
8% 9 91401013*7
85» 9 9is;5 8i3»7 3
8=8 9 9% 5 8i«97 3
8«i 9 9^4 5 h^iil 3
8% 9 914I5 8i«a7 3
S'g
S's
S'l-iR
.^•'«
Ml,„
fiifl
.Vi6i6
,51b,„
.•>16,„
51E,«
d
7>sa7 3<3 6
h^ 9
Our Cotton Acreage Report. — Our
6I4
6J,fi
6i«
63l6
B14
6°l«
03a
cotton acreage repor
'
Parties desirwill probably be ready about the 10th of June.
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 Exchanoe— Fifteenth Annual MeetBjo.—The fifteenth annual meeting of the Ne \v York Cotton
Exchange was held on Tuesday, May 36. Mr. S. Gruner called
the meeting to order at 11:30 a. m. and the report of tho Board
of Managers was read by the Secretary, Mr. Wm. V. King.
From
we
extract the following
" The most important event of Mio year, and
it
Exchange since
gratifying gIo^^'th and development ol
The same false idea ot economy and eager competition for a lowpriced artiile has led to the production of a light sleazy bagging
weighing lia to 1 14 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 yards of two-pound bagging per bale re(iuires eleven
pounds 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 ther.) is every economical and prudential reason for tire use of
material sulliciently 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 tlimsy bagging, the two not only fail to protect the
baled cotton against dirt and trash3' adhesions, but the breaking of the
one and tearing of the otlier Involve an absolute waste and loss of
cotton, thus causing mauy consigumeuts and shipments to reach port
in bad condition.
The evil is ot such magnitude as to have aroused a general demand
for a remedj', which will certanl^ lead to tlie imposition of such protective iien.'ilties on the sellers of insutlioienily 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 difflculty ot reaching a satisfactory remedy by
indedcpendent action, your Committee recommend the adoption of the
following resolutions,
It
may
also justly bo said
its organization, as denoting the
tlie Exchange, is the completion
«
«
*
and occupation of our new building.
" From the roporis of the huilding Committee it will be noticed that
when the finishing touches and minor details now in progress will have
l»een completed, the total cost of the building, including ground, Rtructuro. furniture, etc., etc., will llnally be about oue million of dollars.
»ud that this expenditure will have been covered as per statement given
by the Building Comniiltf e from resources proper of the Exchange, plus
a mortgage loan of $350,000 from the Bower.v Savings Bank. * * ^
" Turning our attention to the business of the Exchange, we And that
in spite of another small crop fipllowing that of the previous season,
both price and range of fluciuatious. as well as the volume of transactions, have been moderate.thc general depicssiou in all branches of trade
which has prevailed for the last three years having discouraged all
speculation, a fact which becomes (piite apparent on comparing tlie fidlowing figures of the transactions in actual cotton and in contracts for
ftilwre delivery with those of the preceding two years namelj'
"Transactions in contracts for future delivery: 1885, 21,162,900
ba'.es; 1881, 2 4.828,600 bales; 1883, 25,907.100 bales.
'•Transactions iu actual cotton: 1885, 533,663 bales; 1884,422,116
bales; 1883, 50C, 123 bales.
"Since the month of July, ls84, print cloths have been regularly
called, but without resulting in any transactions of importance. The
question as to whether business in this department can be developed
will only be fairly tested on the revival of trade, and speculation in the
raw material and other branches of trade.
"The most impoitant act of lesjislation has lieen the adoption of .in
amendment abolishing the penalties attached to the violation of the
eommission law. ' * *
*'Thiity-tive mend.ershlps have changed ownership by transfer, a«d
nineteen new members have been adniittcd during the year, the entire
number of memberships being now 4.'i3, ag.iinst 455 the previous year,
the difference arising from two exiuilsious in 1884. • • •
" In view of the tacts that sevciitceu olHces remain still vacant, that
about $8,000 to $10,000 will yet be needed to complete the payment ot
expenditures on the new building, and that the Executive Committee's
estimate of revenue and expenses of the new building for the ensuing
year, taken in conjunction with the Treasurer's esltmate of receipts and
expenditures for the business department of the Exchange show a
probalile slight deficit, the Board of Managers recommend that the
annual duos be continued at $75."
question before
Wm
all
parties In interest.
Kof s, W. n. Gardner, h. C. Dorpan, C. I.. Huger, T. 8. Fry,
Attest: R. H. Boiling, Sup't.
Texas Crop.— Messrs. Martin, Wise
Fitzhugh's report,
dated Paris, May 20, covers the counties of Bowie, Red River,
11.
Special Committee.
&
Lamar, Delta, Fannin, Hopkins, Hunt, Titus, Cook, Grayson
and Collin, and a portion of the Indian Territory, and says
"Since our last report (May 10) there has not been much change in
the status of tho growing crop. On the whole, the weather during the
paAt ten days has not been such as we would wish, being much too wet
:
for tho favorable growth of cotton. As yet the plant has
not been injured, but a continuance of such weather would cause serious
harm. Wo are now engaged in gathering complete information throughout our section, tho result of which we will be able to submit to you in
our next report on 30th instant."
and cold
The following
is
disbursements, $335,196 89: balance in Treasury May 23,
1885. $303 35.
The Trustees of the Building Ftind reported receipts for the
year, including balance on hand May 33, 1884 ($91,606 73), of
$430,785 26
disbursements, $386,287 44
leaving balance in
the hands of the Trustees, $44,497 82.
The proposed new plan to appoint inspectors of cotton, and
to issue certificates for the grades, although approved at the
last trial by a fair majority, yet failed to reach a two-thirds
majority. It has since been ascertained that the general feelJkig respecting the same has undergone a cliange. A sufficient
;
from a
circular issued
by Messrs. McKinnie,
&
Co., Waco, May 15 :
" We find that planting commenced about the usual time for this
section, say the first of April, but 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
tirst working has commenced under the most favorable auspices, labor
being plentiful and ellicieut. 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 Is 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 facts, leaving our
Williams
friends to
draw
their
Correspondents
The Treasurer's report sliowed receipts for the year, including balance on hand May 22, 1884 ($19,627), of $235,500 24
follows
;
viz.:
That adequate protection to cotton demands the use of flrmly
less than 1% to 2 pounds per yard, and of
Iron ties of good material, not less than 11 feet long, 15-16 ot an inch
wide and 1-18 to 1-16 of an iueh thick, each bundle ot thirty ties to
weigh not les.= than fifty-six pounds.'
2d. That, with the hope of concurrent action on the part of the Cotton
Exchanges and So Jthern Boards of Trade, this Exchange submit the
question of an adequate remedy to the biennial session of the National
Cotton Exchange, which convenes on the 20th ot July next, for
consideration and action.
3d. That such publication of the matter be made as will place the
1st.
woven bagging, weighing not
:
©f the liistory of llie
\
XL.
number,
years.
1883-31..
18S4-85
May 27.
Beoelpts (cantars*)—
TUts week....
Since Sept. 1
[Vol..
own
conclusions."
of the Galveston Daily
News
report as
Aharado, Johnson Co.,May 21.— "Cotton isllfteen days late and not all
Too much rain and cool weather have retarded its growth.
The prosis about 10 per cent iucrease over last year.
pect for a good crop, all around, was never better."
Bryan, Braeos Co., May 20. -"Another heavy rain fell here last night,
doing much damage to the crops. Tho excessive rains and storms ar e
becoming a matter ot serious anxiety to our Lirmcrs and merchants."
JSurnet. Burnel Co.. May 22.— "(Jrop prospects are very line, it i t
would only stop raining long enough so that the farmers might kill the
planted yet.
The acreage
weeds."
acnlrcmlle. Leon Co., Maj- 21.— "We, iu this locality, have been visited with too much rain. 'J he ground is so wet th.at cultivation is susOur people are very
pended, but our crops are improving rapidly.
industrious, and with a good half chance will produce fair crops."
.
Mat
Copperas Cove, Ooryell Co., liny 81.— "Thi) rain* (till continue.
Crons urn lookltiK well iind nro as yot all right, If the ralo will hold up
am
rliMiniMl o'lt."
Co.,
in.— ".VotwIthatHUiliii^r 'I
h ritniiiTA liarn labored thU xprliiK. tin'
ili>ii croji well) iiev<r belter ul tlilK him
all/.o lliu mjcesKlIy of a good croj) uiidu^^,
May
Mrhrnnan
;.'././,;
''v!intn(CO»
...
Thto
Utement showa
nine day
the
lirnnunt.
">.
tf£>y
that the raoaipta ttaet
Sm*.
to-
day^tho month
t.)
i
1
:
THE CHROI^ICLK
80, 1886. J
iiuill llif.v
&
.
1
and I.1OT.088
In 1881
of the
month
1
op to
Wail., thaattaw w»«
in 1888.
We
add to the Uble
wlib un-
usiiul I'lieriry."
May .;2.- "Crops nro la Kood condition, In
well' uiu er»eeu nt lulg soiuon of tho yoai; Huvural
unlay lu»t."
May '.'O.- "TUerehas been a tine rain for llio niwt
' i^
two cl.,
iu'ets for a Rood crop of overv'i
"luiieiiiii,,"
UiUnliui'i. Iliti Ci»., May '.i;.'.-"TI>lH Bcutlon w-iH VI
ivyraliia
8nUir<lit3'
iiy and
antl Siiiiilay.
Sunilay. Tlie luiit aeeuMtpanied by w
id uiiila
llttlehall. StiiMM dainaLCn v.-an d*>iio by wuHhiiiK
v pliiwod
lauds mill lliiodlUK low lands, Thu bcu«llr, however, Iiu.h been iiruat
to growlnu oroiw as iiiott of our farineiH have elcaii lield.i and rain wa«
bcglnuInK to be needed. The out look for u heavy crop was nuver better. The aerent;e In eotlon has lieon largely Increased from tiiat of
last year. One more rain at tho proper season will insure a heavy
ooru crop. The small yrain crop is also tine."
Howe, (.riii/sMH Co., May ai - • Tlie weather lias nt last cleared iip,anil
we now have sonic signs of a dry spell. Crops look fine. The recent
wet wcnihcr has put the farmers at least a week behind with their ooru
Anilertim Co.
fact.
lino
Oil
IwM.r
111, 1^1
'
,
I
and cottnn."
Mesi/uile. Dallas Co., May 22.— "We have had an abundance of rain
croi" piospeets arc much better than usual "
.Kifc, .Yiirarro Co.. May 31.— "We have had plenty of rain, and crop
prospei'ts arc very llattcrint; and the grass is line."
liouvil Hock. ^\^Uliam»oH Co., May 22.— "Fanners report crops In an
exceedingly jiroinlstng condition, and evince great Joj- In consciMieuoc "
San Aiitiiiiio.JtijiirCo., May i'O.— "With I lie exccjitlonot uproot log a
numlter of trees, tho storm last nlglit did no damage. The raiufall
o.\tciidod tliroughoiic this fcctlou and was the heaviest for years "
Trhiilij. Tiiniiy Co., May 21.-"Tiie crop prospects over tlic entire
country are line. Farmers are well up with their work, and with favorable seasons e.Npect the largest yield for several jears."
Tpltr. Umif/i Co., May 20.— "It is now asserted by farmers that this
and
section has had more than enough of ralo."'
Wluirton. llAor(oH Co., May 20.— "This section was visited last night
by a considerable wind and hall storm, but farmers reiwrt but little
damage to crops."
Comparative Port Receipts and Daily
Crop Movement.
—A comparison of the port movement by weeks
not accuratej
is
weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement since
September 1, 1884, and mpreviotis years, has been as follows:
as
tlie
Tear Beginnwig S^tember
MontJUy
SeeeipU.
1881-85.
Bept'mb'r
October.
315,443
1883-84.
1832-83.
343,812
326,656
,090,385 1,046,092
930,534
,122,161 1,030,380 1,094,697
Boremb'r
Deoemb'r
Janniuy
,101,211 1,059,653 1,112,536
475,757
261, 419
163,503
.
Febraary.
March.
..
April....
I03,37i;
187,729
385,939
241,514
111,755
752,827
595,593
182,772
284,519
1881-82
1.
1880-81
429,77
158,478
853,195 963,31=
971,043 1,006,501
996,807 1,020,802
487,727 571,701
291,992 572,723
257,099 476,582
117,595 284,240
1879-80
333,613
883,492
942,272
956,161
617,110
117,918
264,913
158,025
Totalyear 1.666,289 4,706,873 5,630,189 4,438,235 5,359,356 1,638,367
Pertftage of tot. port
receipts April 30..
97'01
93-53
94 02
91-23
9274
This Statement shows that up to April 30 the receipts at the
ports this year were 40,584 bales less than in 1883-84 and
963,900 bales less than at the same time in 1883-83. 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
the movement for the different years:
1881-85.
1883-84.
!
1882-83.
1881-82.
1880-81.
1879-80.
Tot.Ap. 30 1,666,239 1,706,873 5,630,189 ,,438,235 5,359,356 4,633,867
May 1..
2,633
2,602
6,634
5,281
8,
3,391
" 2..
1,247
3,el4
5,531
6,013
11,062
S.
" 3..
8.
7,363
1,518
3,235
7,496
4,642
" 4..
990
8.
10,953
3,916
7,317
4,633
" 5..
1,591
3,334
7,434
9,182
4,851
4,696
'•
6..
658
2,992
S.
3,759
6,798
4,017
" 7..
1,814
1,257
8,237
8.
6,174
4,2S2
" 8 .
2,333
1,995
11,368
5,102
8.
1,366
" 9..
2,030
4,181
8,156
5,314
10,882
8.
" 10..
8,
1,113
6,419
3,176
8,07!)
7,180
" 11..
1,907
8.
10,931
2,125
5,541
2,130
" 13..
1,035
2,225
4,076
5,875
7,036
1,197
" 13..
1,279
1,711
8
9,501
11,438
3,573
" U..
878
603
7,905
8.
5,214
2,890
" 15..
2,284
688
7,414
3,837
8.
3,150
" 16..
1,369
1,934
6,033
4,913
9,045
S.
" 17..
8.
850
5,058
3,402
8.681
6,630
" 18..
921
8.
13,410
2,061
6.311
3,368
" 19..
1,280
1,799
6,290
4,055
5,199
5,653
'•
20..
989
918
8.
1,727
2,612
7,066
" ai..
720
425
6,621
8.
5,096
7,026
"23..
2,150
316
7,027
2,914
8.
2,781
" 23..
1,203
1,525
5,160
2,522
10,770
S.
•• 24..
8.
155
3,696
1,663
5,583
5,910
'• 25..
875
8.
10,745
1,447
6,644
1,999
•*
26..
1,215
2,027
3,973
3,708
5,003
1,013
" 27..
600
2,161
8.
9,557
6,592
2,013
" 28..,
1,153
679
1,861
S.
5,482
5,511
" 29..,
563
1,918|
5,850
2,490
8.
2,592
Total
Kabt India a.TT<>s,-From Mown. Wallace A Co.'«
cotton
dated Bombay, April 21, we hnvo the foUowins:
..,
...
"A«re...r.Unr
,— 1**
1
1
1,701,361 1,719,738 5,808,144 1,545,893 5,535,613 1,712,034
Percentage of
port reo'pta
total
May
29
97-92
96-49)
96-31
94-24
94-82
n-iiort,
\ii-iwtK
Ihluf, (
are on
i
ailinit
I'
Van-
pointed
guoi
pUcs
'" ik
>rl(Kt. and It
111
now
of
rt?.';'
.-lit
half ynar
fair
inquiry
e'
JoTE Butts, BAOtiiNo, &c.— There has been a
for Ijagging since our last and the market in
showing a flrm
tone. Sellers are not forcing any lota, as a higher
price U
looked for. There have Ijeen sales of 500 rolls of varioaa
grades at Oc. for
lb„ 9>^c. for ni lb., lOJ^c. for 2 lb. and
lie. for stnndarJ grades, and these Hgnres are
<iuoted at tho
close. There la not nmoh inquiry for bntts, and
b.yond a
few small sale.s we hear of no transactions. There is a light
call for paper grades on a basis of 17iM2c., at which
some
1,.)00 bales found takers, while bagging is held at
2'if<«2Ut.with only a few jobbing lots reported placed.
m
SmppiNO News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
20,793 bales.
So far as the Southern ports are oonoemed, tlieee
are the same exports reported by telegraph, and published in
the Chkonici.^ last Friday.
With regard to New York we
include the manifests of all vessels .cteared up to Thursday
night of this week.
Nkw Yokk—To Liverpool, per steamers Adriatic, 661....Ilrl:Uh
King, 2,095. ...City of Berlin, 2,265.... England, 2,637
OnlIla,3i6
"
ToIIivre, jier steamer Ollndo Rodiigucs, 771"."'.'."'
To Bremen, per steamers KIdcr, 4;i....Hababurg, 558 ...
Bhein, 100
To Hamburg, per steamers Frlsia, ioO..'.'.doiiert,ioo!.'!!!."
To Antweri), per steamers De Royter, 785....Wae8laad, 451
To Copenhagen, per steamer Island. 307
To Genoa, per steamer Indipendente, lOO
New Oki.eans— T6 I.ivertiool, per steamer Peconlc, 1,580
To Barcelona, per bark Espana, 1,000
Galvesto.n— To Havre, per brig Auiazone. 1,139
Boston- To Liverpool, per steamers damaria, 257....Ml«8onrl.
1,980
To Yarmouth, N. 8., per steamer Alpha, 50
Baltimore- To Liverpool, per steamer Caspian, 1,011
To Bremen, per steamer Sailer, 364
Philadeu'hia—To .Liverpool, per steamers British Prlnoeu,
815....Lord Olive, 613
Total
The
8 OOl
771
129
i
'sOU
1,230
307
J(X)
1,580
1
OOO
1,13a
2,237
50
1,014
304
1,358
20,793
particulars of these aiiipments, arranged in our usual
form, are as follows:
A7lf-
Bremen wtrp d
Literpool.
New
York.
N. Orleans.
Galveston
Boston
8.004
1,580
..
1,139
14.193
Ham- Copen-
BarceYarKaoen. lona. Oenoa. mouth. Total.
1,516
100
12.04O
1,000
2,5«0
1,139
80
2.287
364
1,379
1,S53
Mavre. burg.
771 1,629
2,237
1,014
1,358
Balttmorr..
Phlladelp'a
Total
d-
1,910
1,9}3
1,546
100
1,000
50 20,792
Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing our data down to
the latest dates:
New Ohlkans-For Genoa—M.-vy 23—Bark Teocle. 2.338.
Boston- For Liverpool-May 20— Steamer Virginian, 100.. ..Hay 32—
Steamer Scythia, 230 ...May -20 -Steamer Iowa, 680.
Baltimore— For Liverpool-May 21-Steamer .Meutnmrc, 407.
PlIILADEi.i'HH— For Liverpool— May 26-Stennier Indiana, 331.
For Antwerp— May 26 Steamer Switzerland, 604.
Below we give aU news received to date of disasters to veesel*
carrying cotton from United States ports, &c.
Cotton freights the past week have been as follows:
-
Uverpool, steam
Do
d.
e.
sail
sail
V
'48032'
>4"»»^*
nii'ij*
»»'
V
•
>4'»»M'
«•»»• "It**
«»•"
V
»«"
»«•
>'t\'
\\
•••
Ki'
»6»*
•m*
^u
'm'
'm'
•«•
sall....e.
sall...c.
Beval, steam
Do
Tk%tri.
»«•
H
Anut'd'm, steam.e.
Do
Widnet.
H-
c.
Hamburg, steam, c.
Do
ItiM.
•a*
c.
Bremen, steam..;.
Do
Hon.
"«•
8.ill...(i.
Havre, steam
Do
Salur.
Tjjaii
d.
73S»"V Ts»»««-
'sji'**-
7„»V 'a»V
BaU
Barcelona,steam.e.
Genoa, steam
'is*
^33-
e.
rrtoste, steam...
V
»it*
Antwerp, stea m, .e.
* Compressed.
LiIYErpool. By cable from Liverpool, we have the following
statement of the week's sales, stocks, &c.. at that port.
add previous weeks for comparison.
I
—
Wa
1
.
THE CHRONICLE.
660
May
Bales of
tlie
week
hales.
Of "Wblf'li export«rs took
Of which speculators took..
Bales
Amencan
.Actual export
May
S.
55,000
3.000
2,000
41,000
13,000
991.000
7HO.0O0
sa.ooo
Amount
144,000
afloat
Of which American
1.^,000
Tii.OOO
1
JiS.OOi
21,0110
134,000
70,000
2,000
,00(!
74 0.000
13.000
5.000
8,000
roH.ooo
747,000
32,00Ci
6'i,000
27.00f
145,00<
58,Oor
25,000
133,000
53,000
8,00'
8.00(
9iH.OO0
The tone of the Liverpool market for spots and futures each
day of the week ending May '33, and the daily closing prices
of spot cotton, have been as follows:
Saturday Monday. Tueiday.
Spot.
Market,
12:30 P.M.
5
Mid. Upl'ds
Mid. Orl'ns.
>•
Bales
>
K
8pec.(fcexp.
p. H.
sell.
5 15, ft
6
6.000
'
600
3
1
Friday
In buyers
favor.
315,
515,8
5,Ono
1,000
5000
500
cline.
i
Barely
{
steady.
1-61 decline.
Steady.
Steady.
Quiet.
highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
^p" Ttie prites are given in pence and 61t/w, thus: 5 62 mean*
S 62-64rf., and 6 03 meana 6 3r61d.
Saturda.v, Monrta.v, Tuesday— May 23, 25 and 26— Holidayi.
Opfn High Loir.
i.
May
5 57
5 57
5 67
June-July. 5 5H
July-Aug... 5 62
Ang.-8ept... eoi!
September..
5 63
Bcpt.-Oot..
Oct.- Not... S53
NoT.-Deo... 550
Dec- Jan ... 8 50
Jan.-Feb....
....
Feb.. March.
.
558
5 62
6 02
,
5 5?
5 57
6 87
5 62
eoi
5 57
5 57
6 57
5 62
6 01
5 57
5 37
5 57
6 02
6 01
Fri., lUny 29.
Bm
tow. OIoi
d.
(1.
i4.
i.
(t.
4.
5 59
5 57
6 57
5 57
5 57
5 57
5 62
6 01
5 59
5 57
5 67
6 62
6 01
5 37
6 57
5 57
5 62
5.57
53^
5 56
6 57
5 67
5 66
5.5d
5,56
5
5«a 561
6f.l
6 01
6 01
601
6ti2
6 01
...
5 63
May 28.
Open Bith Z«w. Ooa. Open
(I.
5 57
May-June
Clot.
Thura.,
^
,
tn el.'vator
delivery
June delivery
July delivery
Aiu-ust delivery
September delivery
5S3
653
650 5 50 6 so
8 62
5 52
5 50
5 50
550
5 50
8 62
8 50
5 62
5 52
5 50
6 60
5 62
6 52
5453
olig
si's
^3
56
d
6 01
5 62
5 52
6 50
550
660 650
5 62
6 52
5B2
530
6.V)
5 50
6.50
5 52
5 61
5 52
5 49
5 49
5
5
5
5
Pine
Sbbl. $2 70«
Superfine
:1 403
8(11 lug wheat extras.
.1 10»
Minu. clear and stra't. 4 15 (*
Winter sliipp'i; extras. 3 7hit
Winter
& XXX.. 4 253
Patents
4 8>»
SpiinpNo.e
2
Ived vviuu^r, Mu.
1
Red winter
White
Corn West. mix(*d
—
West. mix. No. 2.
We.**!,
wliite
West. Yellow
WuiieSimtherD..
Yellow Buuthoru.
5iJ4»
59 a>
5f ®
5(5
6'>
a>
72
tio
a
tj2
October delivery
10.%
liSNi
Thurt.
Fri.
....
10^34
101
lOl^i
I'jiij
loiM
loi,^
99>4
lOl
IO212
nil's
98^
100^
10314
104»8
loo^a
10^
10313
lOlig
Indian corn has sympathized largely with wheat, although
its position is apparently much stronger.
There has been a
steady export demand, the visible supply is comparatively
email, and the season has been late and unfavorable for the
next crop. White coin 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 8 of June options, To-day the market was
generally depressed.
;
20*
60-
3 60-
3 1.5» 3 35
3 409 8 45
7d
79
36
40
State
Oats— Mixed
White
a
9
78
81
a 40
» J6
No. 2 mixed
37»9 »
3Si^
No. 2
42is»
43%
wiiifce
Barley Malt—
65
iiMctptj
at-
Flour.
Wheat.
86iJ.19fl(h.
Su<h.60au
99,8111
857,200
.
104
Ao
Brandywlne, &0....
Canada
22 063
M May 29, 1885.
103
4 25» 4
3
80
62
60
State
Western
a 92
a 74
75
9
The movement of breadstuflfs to market is indicated in thestatements below, prepared by us from the figures of thu New
York Produce Exchanare. We first give the receipts at Western
lake and river ports, arranged so as to present the comparative movement for the week ending May 33 and since Aug. 1
for each of the la.st three years:
Milwaukee
Louis
S:i.095
..
....
2,923
Oom.
OaU.
11,100
Rye.
Barlev.
Biuh.af u»
92.812
47,742
Bu<k.56l/>.< Bim)i.32H).:Bim(1.48
II).
668,902
2,400
118,67H
837,133
S,800|
1,000
32,330
2,000
267,065
130,980
2 673
4,081
8,000
9i,o;o
269,730
3,510
6.000
1,18>
12,600
8,5JO-
S5,4S1
35,600!
3.400
65T
39,06(3
Tot. wk. '85
lOl^a
closed quiet.
Buperflne..
Western,
0(j
8,5'23
Wed.
lOlU
103^
51
Barley malt at
Fine
« 61
,S.077
Tues.
lOi^g
105'e
IO7J4
«1
51
1.6S5
Mon.
I..*i4
lO.i^H
62 "11
53%
Com meal-
02
9t
-ol 01
31 10
Detroit ...
ClevelaniL ..
check until the close of Wednesday's business. Yesterday a
demand sprung up to cover contracts, and with a little manipulation an advance followed, with the close at a slight
recovery. To-day, however, there was renewed depression,
with no factitious influences at work, and the close was at
about the lowest figures of the week.
DAILT CU>SiN(i PRICKS OF NO. 2 RED WINTBR WHEAT.
August delivery
September delivery
RvB Hour,
2.i
B>1
230.615
172.427
86.061
29,037
a large reserve in the hands of growers.
in values continued with hardly a
July delivery
h'i'i
5314
53 \
54 Is
Bouth'n com. ertras.. $1 009 4 8>
8 mthern bakers' and
family brands
5 00 » 5 75-
W
3,947
The downward teadency
10-.;=8
5:1
Rye— Western
87
91
00
«0
02
^i>nu(C.Dor bush.
Toledo
showed rather less depression.
The wheat market has been greatly depressed. The reports
from the foreign marktt have been very unsatisfactory; the
prospects of the crop have improved somewhat (although
there is no doubt that winter wheat has suffered much from
winterkilling), and the movement is so large as to indicate
lO^^s
4
ChlOBKO
There has been only a 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 connection with the trade. It may be observed, however, that
towards the close the inquiry improved a little, and prices
104
,5413
5 75
B 00
5 10
80O
3
City 8iupi.iuisex
St.
Maydelivery
June delivery
54i!i
3 75
4 55
5 25
52
49
49
BREADSTUFFS.
Sat.
fsZ
^^\
3 70
61
....
s-till
54
:
Duluth
is
53ifl
a^u,
Fri.
5214
5414
53
Oats declined sharply in the first half of the week under review, but latterly have been more steady, with the speculative
interest extending to August, the Hrst 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, 37 i^c. for July
and 34c. for August.
The following are the closing quotations
Peoria.
that there
51
54
Si's
55i|
SSij
5 mi
53>3
51!
...
PRrDAT. p.
53%
d4»8
543a
S^'g
Kye has been dull and nearly nominal.
some declise has been much more active, but
....
5 62
5 53
55
May
WTieat—
The opening,
Wednes., iMny27.
,
XX
Dull at
D.111 at
2-S4 de-
Market, )
12:30p.m.5
4
Hard to
o
Future/.
Market,
Wedne). TKurtd'y
Barely
supported
)
DAILT CLOSING PRICES OF KO. 2 MIXED CORK.
'Sat.
Mov.
Tuet.
Wed. Thura.
20.
I8,0i'0
2fi.00(
,0)0
10.000
97 8,000
731.000
May
4,00
23,00(1
U
22.
3(j,00<
1.000
.=1,000
Forwarded
Total stock— Entimated
Of which Aiuerioaa— Estim'd
Total import of the week
Of which American
May
13.
34,000
3.000
fVOL. XL.
Same wk.
Same wk.
167.256
152 139
144,121
785,.o69
1,312.273
1,401,326
1
618,762
599,267
1,014.915
1,039,479
8611,014
92 407,893
r,>H9,rl2:;
"Si
Since Julu 2S
1884-5
I88S.4
18t»-S
61.381
47.180
130,929
15.524
1,519,260
1,08S,5S9
13S.702
133,679
51.308 030
16,2)13,738
4,30.S,715
63,121.197
83,509,542
93,^60.00
53.744.29.)]
10,652 K53
6,13;, 013
S 008 591 6S,303,«2S
77.2)3 931
43,171,740
14.0*3,118
4,i;3,5i*,
'bS
The comparative shipments of flour and grain from the same
ports from Dec, 23, 1884, to May 23, 1885, inclusive, for four
years, show as follows:
Floor.
..bblB.
Wheat
bush.
l.S,5flfi.?68
(urn
Outs
....
10,2.53,.'.02
11
35,352,8
18 192.252
2.512.381
S72,';57
l-J,2JO,.0l
2,574,0 li
2 38.1,702
7().5(ii,8a-'
74,791,752
Rye
rotalKTaln
4,178,910
41,378.5:14
liarley
Below are the
rail
1882-3.
1881-2.
3,7.^6,92tJ
2,94ii,OiT
1883-1.
1884-3.
5,342,(i21
11.41)5,071
8,805.595-
4»,5<ii.sn
17,280,817
4,410,317
30,379,132
l-'.iMH,171
1,980, 15-J
l,318,31,i
1,101.591
75,011,120
54,328,941
shipments from Western lake an i river
ports for four years:
1885.
Wheat..
Com
May
Exports
jromNewYork
Boatou. ..
Portland.
Oom.
Flour.
Bniih.
Buth.
Bhla.
332,360
59,976
5(18,210
78,718
22,751
7 ,000
Baliiui're
N. Oil'iis.
103,980
1
News.
1,2^1,616-
3S,573
115,744
121.163
56.013
week
annexed statement:
OaU.
Pnxh.
27,482
15o
.
114,882
Total w'k
8'me time
1884
81.044
i
633 88»
47,407
several seaboard ports for the
Wheat.
l-liiladel..
8.50
1,122,991
in the
020'
28
27.<,7rt3
»
2,o79,lU3
shown
27.
18.715
177,-<5l
3,860,3S9
1,078.462
1882.
Week
May
37
58.1.J5
6!i,0i3
23, 1885, are
.Montreal.
N.
560,105
914.393
47,i50
The exports from the
ending
28.
bi>.677
791,837
37,571
44,882
Rye
Total
May
24.
154.897
bnsh. 1.322,833
1,275.215
1,153,361
67,310
,.
...
Oats
Barley
Week
Week
May
227,63(5
...bbla.
Floiir...M .....
1883.
1884.
Wee*
May 23
Rye.
Psaa.
Buth.
Biiah.
1,104
.
10,280
21,071
37,655
85,671
5b4
13
176,089
113,322
8 9,3 Jo
7.<,085
682,198
55-2,8n8
955,259
501,798
134,151
24.1 18
90,794
193,533
162,22
.
Mat
.
Vktal.
Flour.
Mxporti
WMk.
May
Khl*
Xay 23
24.
•Un.KlnR.
CouUn'iil
120,'i.-i3
a.AO.Am
l(i2.'>H
W.
ludu's
Brlt.curH
OUi.c'u'to
lil.O.O
15.1143
5(53
13.(i',i8
Total...
176,08a
131,151
May
IhHh.
Bbt*.
94,;i40
432.27(1
3,00
8.370
240.918
.-
•l,!^.7
1881.
Week,
188S.
Weak.
1884.
Week,
1885.
2
1.
Buo*.
2(i;i 2 m
283.620
We
22,260
51
13.270
1.383
682,103
5J2.86S
7,(i
824
966
I.OIU
9J5,250
501.798
w
By addinf; this week's moTemeat to our previous totals
have the foUovriag statement of exports this season and last
season:
JVmr.
EaxTttlMit
Auo.
85.
18S4-S.
to- AVO- V>
Mny
fVheat.
to
23.
•
Aug. 87 to
18844
Aug. 23 t^
Auo.^to
Mat M-
!fa\i33
Mai,!i4.
I8t>8.4.
18b»4.
«(31
add the aooounta with th* toUU h%r^» mOm of AtUatto A
hsMings were made at Ofit^o. and New York miUa 10-4
blaftohed iheetings found ready buyun at Via. per yard
Oom.
ezo«ptionally low price* for suoh standard good*. BI«-aob«d
1885.
1884
goods and colored cottons rul-d qutot, and whit« goods war*
Wuk.
Wffk.
leM active, but there was an tuiabat«d denwod foriodm
Hay 23. May 21
curtains, and Ubie damasks were in steady rtqucat. Pnat
nu'h.
68a.il JO
31i.7I8 olotha continued dull and nominal on the basis of 3<^o. cuh
210.773 im.301
88,270
63 30;( for 64x018 and 2^a. for S0a60«, with some mall sats* mt a
The destination of theee exports is as below.
oorreepond'ng period cf last year for oompariaon:
Man 23
—
1
THE CHRONICLE.
30, 18*5.]
formsek
O
;
Prints were ytrf quiet in ttK
hands, and the general demand for ginghams and worta
wash fabrics was exceedingly light ia comparison with *
short time ago.
'
0>m.
DoMBSTio Woolen Gooos.—There was only a im-dtnt*
amount of new business in menVwear woolens, bat Um
movement on account of former transactions was of good
Worsted coatings and suiting* were in staarty
request and leading raikes are so largely under the control of
orders that some lines of samples have been temporarily withproportions.
18844.
ia8S4.
Ati«. «S to Aim.
to
m
Mayaa
fraction below these Rguies.
MayU.
drawn by the
selling agents.
Light weight caaaimeres and
met with some attention, and a fair number of
875,.S2» 17,80i).4« 13.170.885 10.3D8.5M
7.072.184
803.135
duplicate orders for heavy all-wool and cotton-warp caasi1.131.015
1.412 OSO
518.35(1
48.713
1,««3
SMBflfl
Overcoatings were more
331.121
630,0jn
1,000
SU'OBd meres were placed by clothiers.
eiO,^.Sil
S7,«»
West Indies.
un
68.971
1-2.127
8.010
4H4,45J
437.180
Brit. Cornlej
active in movement than demand, and a somewhat better
80.297
23,071
17,587
11».;«M
83.50:*
25911
Otb. oonntr's
business was done in cloakings, heavy Jersey cloths and stoek>
5,a (3,199 38020,139 33.301.407 40,418.828 20,627.090
Total
«.85;.551
Kentucky j >ans and doeskins were more active in
inettes.
quarters, but prices continue low and in buyers' favor. FlanThe visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and sea boat d nels and blankets have shown little animatioa as yet, but
ports, and in transit by rail and water, May 23, 18S5, was as small sales of white and shirting flannels were reported in
follows:
some quarters. Dress goods were m wtly quiet, and carpets
Oatf,
Barlfy,
Xye
Wheat,
Com,
were in meagre demand, but wool hosiery and knit underbasfi
bunli.
busk,
bush.
Inttnreat—
biigh.
121
11.611
3,2y5,iy8
391,532 538,.'i30
New York
were more sought after by intending buyers.
wear
i.oOO
3
89,0s»7
12,375
Do ailuat (esci
12.110
13,0110
20.0110
Albany
700
FOBEiaN Drt Goods were generally quiet in first hands, the
IS.71.1
3;f.9,ll
20,003
Bultulo
629.932
178,781
3l.i.470
31,271
21,000 demand having been almost wholly restricted to a few specClllcilBO
268.526
14.418.735
Bbtt.
on. KIniidom
Oontlnent
S »C. Am...
Bwh.
Btuh.
Biulk
8l.0.'W,!W7
20,0119.037
28.232.884
B61..
4.8T0 510
S.^SVISI
B\uh.
20 5S8,5S8
suitings have
. .
I
NewpDrt News...
MilWiiukee
Duluth
Toledo
776.»49
113 6'0
1,128.197
M,ti53
I»uls
Ciuciiiuati
Boston
32,116
72.i80
218,676
V.0 • 427
812.796
Rieliinou(l.Va....
Toronto
Montreal
Pliiladeliihia
Peoria
..,,....
ludlanaiKilis
Kansas City
Baltliuore
Down MlBstegippl.
On
r.9,n9
34,900
May 23. '85.
Tot. May 16, '85.
Tot.
Tot.
Tot.
May24. 'M4.
.'May 26. •83.
27, '82.
May
1
29.059
12.332
51,J26
400
1.3;;4
428,732
2<,:92
27.600
27,660
17,223
103,369
17,086
15,930
9.129
66,158
111.342
23,200
67.5JI6
7.1-29
£89.976
31,: 14
33.448
708.598
5»..'>89
519.^62
801,250
782,81.3
34F',322
,652,666
1,375,139
726
11,777
1
6,6112
407
2.710
3,772
25.502
25,8 ",1
16,530
needed by distributors for the renewal of dis-assorted
Jobbers continued to make a fair distribution of
dress goods, silks, linen goods,
54,0j6
Importations of Drr Cooda.
The importations of dry goods at this port for the week
ending May 2S, 1885, and since January 1, and the same facta
for the
corresponding periods are as follows:
57,356
107,803
O
36r4,184
2.TI.166
o
5,02?.209 2,105.839
302,305
37,01'2,lt)9
5.102.o3il 2,.'i34.l62
29s,84l'
371.870 1.0 J9.4H0
540,580 1.8'J8.'J31
130,6u7 1,017,931
2'
a,
s:
b:
!
:
There was also a considerable movement in staple
cotton goods and clothing woolens on account of formersales,
and a few orders for fall fabrics, as drees goods, cheviots, &c.,
were booked for future delivery, but altogether the volume of
business was strictly moderate. Imported goods were quiet
in first hands, but such is always the case "between seasons,"
and no disappointment was therefore expressed by importers
The jobbing trade has shown very little animation, personal
selections having been few and unimportant, while the order
demand was h»rdly up to expectations.
-< 3> as
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Ol Or'
goorls for
the week ending May 20 were 3.833 packages, of wnioii the
greater part (3,3i.5 packages) were shippad to Great; Britiin,
The general demand for staple cotton goods was light wUen
compared with tlie business done in preceding weeks, but
liberal sales of wile sheetings and brown cottons were made
in some quarters by agents abotiC closing their half-yearly
i
C
4l
I
:
•
.
5
Fbidat, p. M., May 29, 1885.
amount.
ts
|:
o
a-
5
!
THE DRY GOODS TRADE.
Business has ruled quiet in the wholesale branches of the
dry 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 with the mills, to get rid of their
accumulated stocks of brown cottons, wide sheetings.&c, and
transactions in this connection reached a fair aggregate
B
o
a
o
3
Domestic Cotton Goods.— Ttie exports of cotton
laces, embroideries,
hosiery,
though the demand by retailers was by no means active.
The auction rooms presented varied offerings of impjrted
fabrics, but none of special importance, and tlie prices
obtained were not as a rule encouraging to the consignors.
&c.,
24,215
8.011
1,000
2 730
1.200
36.768,106
17.978,563 8.4^2.550 3.088,105
20.14i.«Ht 13.442,341 4,102,571
9,4i7,793 0,291,180 2,264,975
ialties
stocks.
125,921
.5%6,9n6
1
Tot.
Il5.6ii9
219..i75
18.000
25.731
40,886
1.343,J36
rail
On I.Ike
On canal
7,266
6,897
7,015
61,710
17,703
1.20!».063
Detriill
Osweiro
8t.
41.839
7,537
2,816.383
5,H87.145
00 JO
^j-'r*.'^*^
OS
I
M » a",*!
'»
1
Id's
I
i3''.''a-a»a
'a
7
=»»aa o
•a
b
rs
01.3
CT -iJ.JS
9
:
j
:
THE CHRONICLE.
662
^itiaticiaX &>ampmii&s.
.
AMERICAN
FINANCE COMP'Y,
9G
BROADWAY,
IVEW^
'gvnst e^ampixuUs,
Ruction
United States Trust Co.
OF NEW YORK,
No, 49 ^VALI< STREET.
YORK.
Capital,
President
1st Vice-President
8d Vice-President
Sd Vice-President
Sec'y and Treas.
Anthorized Capital Stock, $1,000,000.
Paid In
600,000.
This company
Into court,
and
1b
a
learal
depository for
moneys
INTEREST ALLOWED ON DEPOSITS.
which may be made iit any time, and withdrawn after
Ave days' notice, and will be entitled to Interest for
the whole time they may remain with the company.
Executors, administrators, or trustees of estates,
Co.,
CHESTNUT STREET,
piiii.aoe:i.phia.
613
BAGS, "AWNING STRIPES,
JOHN O. READING, V.-Pres't
STOKES, Treasurer & Secretary.
PATTERSON. Trust Officer.
Also, AKenta
UNITED STATES
Bliss,
L
8. Glllett. Joseph
William S. Price,
;
TRUSTEES:
E. F. Knowlton,
John T. Martin,
Fred. Cromwell,
John P. Rolfe,
Henry K.Sheldon
C. D.Wood.
Henry Sanger,
Wm. H.Male,
Mich Chauncey.E W.Corlles,
Riolev Rodps,
Wm. B.Kendall, H. K, Plerrepont, Abram B. Baylis.
Jas. Boss Cctrran. tiecretar;.
Assets, $512 026 11.
York, Boston, Philadelphia,
BELLING AGENTS FOR LEADING BRANDS
AND SHEETINGS,
PRINTS, DENIMS, TICKS, DUCKS, AO.
Towels, (InUtBjTV^btte A^ods & Hoalerj
Drillt, Sheetings, ac, fof Export Trade.
BAGGING.
WARREN, JONES
T ^I B
Provident Life & Trust Co
OF
PHILADELPHIA.
Incorporated
York.
DEPARTMENT.
Policies issued against accidents causing 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, Hrest. John m. Cra.ve, Soo't.
ROB'T J. iliLLAS, Ass't Secretary.
Third Mo.. 22d, 1SB5.
(CHARTER PERPETUAL.)
CAPITAI.
$1,000,000
ASSETS $15,621,530 63.
INSURES LIVES, GRANTS ANNUITIB8. RECEIVES .MONEY ON DEPOSIT, returnable on de-
DIRECTORS:
Geo. T. Hope,
G. G. Williams,
David Dows,
W. G. Low,
A. 8. Barnes,
Charles Dennis,
J.S.T.Stranahan, H. A. Hurlbut, Alex. Mitchell.
A. B. Hull,
J. D. Vermllye, 8. B. Chittenden.
Geo. S. Coe.
m. M. Richards.
IMPORTERS OF
IRON COTTON TIES.
Bullard
119
E.
A. Angier,
Attorney and Counselor at
ATI.ANTA, GEORGIA.
Liair,
WISTAR BROWlJ, VUse-PresIdent.
ASA S. WING. Vice-President and Actuary.
T.
PRACTICES IN ALL THE COURTS,
Corporation and Cettimereial Law a Specially.
Refers to Judges Stephen J. Field and Wm. B.
woods, U. 3. Supreme Court. Wa.shinutnn. T>.
Fabius M. CJarke,
ATTORNEY AT I.AW,
TOPEKA, KAIWiSAS.
MUlB BiUldlng, 35 Wall
St.,
PAID UP CAPITAI,,
act as Hsca! or transfer agent, or trustee for corporations and accept and eiecute any legal trusts from
persons or corporatims on as favorable termi as
Other similar companies.
HILLHOnSK, President.
THOMAS
FREDERIC
'
,
WALTJliH
J.
D.
TAPPER. Vloe-Pre«ldmt
BHITTIN,
TIES,
Agents for the following brands of Jute Bagging,
" Bagle Mlll8,'"'Brooklyn City,""Georgia,""Caroirna|"
"Nevlns, O," "Union Star," "Salom," "Horlcon Mills,"
" Jersey Mills " and " Dover Mills.*'
IMPORTERS OV IRON
anr:
TIBS.
1855.
Eugrene sears
R. Cole,
& COLE,
Successor to
STATIONER AM> PRINTER,
Supplies Banks, Bankers, Stock Brokers and Corporations with complete outflts of Account Booka
and Stationery.
t^~ New concerns or^anlzlnsr wlU have their or«
ders promptly executed.
No. 1 1VIL.L.IAI1I
STREET,
(HANOVTCR SOUARB.)
FOR
SALE.
Chronicle Volumes
SINCE 1870.
Any office possessfnK these volumes
since 1870 bas
hand for convenient reference a complete and rethe period. Parties having
the more recent volumes can obtain from the pub
Ushers most of the earlier volumes, or complete sets
can be furnished.
B.
Sc CO.,
at
liable flnunciiil history of
79
&
81
BANA
WILLIAM STREET. JJEW YORK.
New York.
$1,000,000.
Designated as a legal Depository by order of Supreme Court. Receive deposits of money on interest,
""'"o™""- '»" anO municipal
l^Sa^^pe'cuSftllf
REKKUE.NCKs: Hon. D. J. Brewer, U. 8. Circuit
I.ANE,
YORK.
(FOR BALING COTTON.)
^riLLIAM
Metropolitan Trust Co.,
(',.
Judge; Corbin Banking Co., New Yorkf isitera
Banking Co and Gen. F. A. Osbom, Boston, and the
" ""*
Bank of TopelfB, Topeka, Kansas.
Wheeler,
BAGOINO AND IRON
ful
^
&
MAIDEN
NEW
TOR, TRUSTEK. GUARDIAN. ASSIGNEE, COMMITTEE, RECEIVER, AGENT, etc, lor the faith-
perlormance 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.
BAM'L R. SIllPLBV, President.
«RATZ
JIanufactnrers' Agents for the sale of Jute Bagging
mand, or on which Interest is allowed, and is empowered by law to act as KXECUTOR, ADMINISTRA-
W
&.
LOUIS, Mo.
ST.
ESTABLISHED
BONDS OF SURETYSHIP
Co.,
New
sts.,
KDMUND
Josiah O. Low,
Alex. M. White,
A. A. Low,
Alex. McCue,
CO.,
Fabyan &
In stook
BROITN & BLEACHED SHIRTINGS
S.
Montague A Clinton
BITNTINCi CO.
A full supply, aU Widths and Colors, always
No. 109 Dnane Street.
Pres't.
ministrator.
It can act as sgent In the sale or management of
real estate, collect interest or dividends, receive
registry and transfer books, or make purchase and
•ale of Government and other securities.
Religious and charitable institutions, and persons
onaccustomed to the transaction of business, will
find this Company a safe and convenient depository
for money.
RIPLEV ROPES, President.
W.COKLIES, Vice-Pres't.
this Company at moderate cbarges.
The bonds oi this Company are accepted by courts
CASIJA1.TY
AND
Brooklyn, N. T.
This Company Is authorized by special charter to
act as receiver, trustee, guardian, executor or ad-
BROADWAY, NEW YORK.
New
611
Cor. of
Deposited with tlie Insurance Departni't, $200,000.
UmouilB of UiinRs, Railroads anu i^Jxpress Companies. Managers, Secretaries, and Clerks of Public Companies, Institutions and Commercial tirms.can obtain
of the State of
The Union Trust
kinds of
CANVAS, PELTING DUCK, CAB
COVERING, BAGGING, RAVENS DUCK, BAIL
TWINES, 4C., "ONTARIO" SEAMLESS
The Brooklyn Trust Co.
OFFICE:
FIDELITY & CASUALTT
from
And all
COTTON
Kdmund S. Doty. MlprnNToWN W. W. H. Davis,
DOYLESTOWN R. E. Monaghan, West Chester
W. Cooper. Allkntown.
RROADWAY.
Co.,
COTTON SAILDUCK
Dr. George W. Reily, HARUISBUKG, Pa.; J. Simpson
Africa, HuNTiNQDo.N ; Henry S. Bckert. Reading;
Hopkins, H. Victor Newcomb, John Paton, Danle
Torrance. Edw. F. Wlnslow. Erastus Winyin.
216
W.Bay'rdCuttlng
Assistant Secretai
Wright, Dr. Charles P. Turner,
1'. Monroe, W. J. Nead, Thomas
R. Patton, John
G. lieadlng, Jas. S. Martin, D. Hayes Agnew, M. D,
Jos. I. Keefe, Robert Patterson, Theodor C. Engel.
Jacob Naylor, Thos. G. Hood. Edward L. Perkins,
Philadelpuia; Samuel Riddle, glen Uidiu.e, Pa.:
TOMPKINS,
$250,000.
&
Manufacturers and Dealers In
;
Secretary.
Directors— Joseph W. Drexel, A.
&
Chlttenaeii.l
HAMPTON.
G.
John
€o.
©artls.
BrinckerhofF, Turner
DiHECTORB.—James Long, Alfred
:
Noi. 214
Is. li.
LOUIS
D. R.
I30O.0O0
400,000
Cash Capital,
®x>mnxcvxial
William Llbbey,
Isaac N. Phelps, John C. Brown,
Erastos Corning. Edward Tooper.
I
HKNRY L. THORN ELL, Secretary.
MAHLON
Deposit with Insurance Department
214,000
President
Vice-President
SiK ALEX. T. Ualt.
Hon. Jas. Fekbier.
Managing Director Edward Rawlinos.
New York
Daniel D. Lord,
JAS. LONG,
OF NORTH AMERICA.
J.
Wm
;
Cash Capital
Ca«h Assets
D.
(Equitable BtntniNa.)
John H.Rhoadet
Anson P. Stokes.
Bobt. B. Mlnturn
Geo. H. Warren.
George BIIsh,
Ohas.
The Guarantee
NO. Ill
Dan. H. Arnold, rW. W. Phelps'
Tboma«Slocomp.|D. Willis James,
Charles E. Bill,
John J. Astor^
Wilson G. Hunt, John A. Stewart,
S.M. Buckingham
H. Macy,
Clinton Gilbert, II. E. Lawrence.
Burglar-Proof Safes to rent at $5 to ^0 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.
NO OTHER BUSINESS.
SON,
NEW YORK.
TRUSTEES^
Company.
JBonds of Snretysliip.
mVLLER &
H.
PINE STREET,
No. 12
WILLIAM II. MACY. Vice-President.
JAMES 8. CLARK. Second Vice-Preat
American Surety Comp'y
NEW YORK
WEDNESDAYS AND SATURDAYS.
ADRIAN
and females unaccustomed to the transaction of business, as well as reliRlousand benevolent Institutions,
will find this company a convenient depository foi
money.
JOHN A. 8TKWAUT, President.
Authorized Capital
|1,000,0(X1
Paid-up Capital
500.000
Acts as Executor, Administrator, Assignee, etc.
and executes trusts of every description known to
the law.
All trust assets kept separate from those of the
This company will act as surety on Bonds required
In the '"ourts.
It is the only Company organized in the United
States devoted exclusively to Suretyship, and with
all Its assets iovested in this country.
It guarantees the honesty of Officers and Employees of Railways, Banks. Telegraph, Telephone
and Express Companies, and persons employed by
corporations and business houses holding positions
of trust and pecuniary responsibility.
E. D. L. SWEET & SO.NS.West'n Miinagors, Chicago
HENR V K. FOX, Agent and Attorney, Philadelphia
GODFREY MOUSE, Agent and Attorney, Boston.
BASCO.VI & MUNSON, General Agents, St. Louis.
BRO WN.CRAIG & CO., Gen 1 Agents, San Francisco
BONDS
and
STOCKS AWD BONDS,
ON
paid
autoorUed to act as guardian or
Is
receiver of estates.
Aamnel Sloan,
James Low,
Casb Capital, $500,000.
General Office, 160 Broadway, New York.
BiCH'D A. Elmer, Pres't. Lyman W.Bkiggs, V.P
s^vlUs,
At Auction.
SOUND INVESTMENT BONDS furnished to Savings Banks, Insurance Companies, Executors and
Trustees of Estates, and individual investors.
UNITED STATES BONDS, State Bonds, Municipal Bonds, Railroad Bonds, bought and sold.
DEFAULTED BONDS of States, Municipalities
and Railroad Companies negotiated or collected.
CALL
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 reorganisation of railroad companies and other corporations
whose bonds are in default or whose property la In
the hands of Receivers or Trustees.
RAILROAD LQANS negotiated.
Circulars on application.
^_
AND
STOCKS
XL.
$2,000,000 The Undersignea hold REGULAR AUCTION
3,661,741
SALES of all classes of
Surplus,
JOHN C. SHORT
FRANCIS A. WHITE
JAMBS S. NEGIiBY
THKO.B. TALBOT
WM.P. WATSON
[Vol.
Secretary.
JOSEPH CI LLOTTS
: STEEL PENS
WO RLD
MEDAL PARIS EXP0SITION-IB7B.
Solo By ALL DEALERSTmrouctoutThe
e01. D
I
Mat
80,
THK
IbS&l
%VLBUtVmCt»
HRONKXE
(
»M
Justivaucc.
The United
OFFrOB OF THE
ATLANTIC
IW
(OHOANIZKD
BRO!>NAN.
T. II.
0. P.
IN
The Trustees, lu conformity to the Charter of
the Comimny, Bubuilt the foUowlnif Statement
of lt« ufTalra on the 31gt Uecember, 1884:
fremluius uo Marine Risks from
let January. 1884. to 3Ut December. 1881
$3,9S8,039 44
Premlama on PoUoies not marked
off Ist January, 1 884
1,447,756 70
York,
Total Marine
Premluma
Premluma marked
off
$5,405,796 14
January, 1884, to Slst December,
18S4
$4,066,271 04
to Polloy-holdera
for Death Claims, Bndowmonta. Annultioa. Surrenders and IMTldends
.
Insurance Written.
of
Assets, viz.:
Assets,
other Stocks
$8,776,686 00
Loans secured by Stocks and
otherwise
2,005,100 00
Real Estate and Claims dne the
Company, estimated at
440,000 OO
Premium Notes and Bills Beoeivable
1,454,959 73
CashinBank
$12,938,289 38
BIX PER CENT INTEREST on the outstanding certificates of profits will be paid to the holders thereof, or their legal representatlTes, on
and after Tuesday, the Third of February next.
THE OUTSTANDING CERTIFICATES
of
the issue of 1880 will be redeemed and paid to
the holders thereof, or their legal representatlves, OB and after Tuesday, the Third of February next, from whleU date all interest thereon
The certificates to be produced at
payment and canceled.
A DIVIDEND OF FORTY PER CENT
on Total Assets, Decem-
D. Jones,
Charles Dennis,
W. H. H. Moore
James Low,
David Lane,
Qordon W. Bumham,
A. A. Raven,
Wm. Bturgis,
Benjamin H.
Field,
Josiah O. Low,
Horace Gray,
WlUiam E. Dodge,
William H. Macy,
C. A. Hand,
John D. Hewlen,
William H. Webb,
Charles P. Bordstl,
Edmund W. Corlles,
Adolphe Lemoyne,
Robt. B. Mlntnm.
Charles H. Marshall,
William Bryce,
John EUiott,
James G. De Forest,
Charles D. Leverioh,
Thomas B. Coddington,
Horace K. Thurber,
William Degroot,
John L. Riker,
N. Denton Smith,
George Bliss,
Henry E. Hawley,
William D. Morgan,
IsaaoBoU.
JOHN D. JONES, President,
CHARLES DENNIS, Vloe-Prealdant
RAVEN, 8d
1,
AND MAKES
PROMPT PAYMENT OF CLAIMS.
& Gwynn,
HBWrOBK.
Fnuiua Ban>.
Price.
&
Reid
Price,
Co.,
& Commission Herchanti
NORFOLK, VA.
Cotton Brokers
Liberal advances made on Cotton eonsigBSBeai
Special attention i^Wen to the aale of eoitaa
'
arrive or In transit for both forein
~
arkets.
Correapondenee aollclted.
Alexander
&
Cargill,
COTTON BROKERS,
AUGUSTA, CEOROIA.
Entire attention given to purchase of
TO OBDEB
for
COTTON
SPINNERS and EXPOBTCR8.
CORIUC8PONDKNCK SOUCITTO.
RCTERXNCES.— National Bank of Aonsla. Q*
Henry TTents A Co., Commljsloii Jferraanta,
York; William K. Dans ft Ca« PioprlMon OOIODI^
CUL A Financial chbohiolb, nd.otlm New
ToA
Nw
MUTUAL LIFE
NEW
INSURANCE
CO.
OF
MoCURDY,
R. A.
President.
Rates Lower than other Companies.
ORGANIZED APRH,
Honsea,
14, 1842.
183 PBARI.
-
-
France.
Pkick or I'ASSAOEdnclndlng wine);— To Havre-
First cabin. $100 and »80: second cabin. $00: steeraxe, t'.2Si-includlnK wine, bedding and utensils. Return tickets at very reduced ratea. Checkson Hanque
Transatlantique, Havre and Parts,ln amounts to suit.
fl-onk HaTre to Parla.
The Compacmie Generale Tnuisatlantlque delivers
atltsoffloein New York special tr;iiti tickets from
Havre to Paris. BiufKaffe
ugh to Paris
without examination at Uu
passengers
Special Train
<
il
York, Pier 42 N*nrth
two hours bol'ore
liOVIS
PEARL
ST.,
NBUr YORK.
COTTOIV.
&
Geo. Copeland
Pier (new) 48, North River, foot of Morton St
Travelers br this line avoid both transit by Knxlish
railway and the discomforts of crossing the Channel
In a small boat.
NORMANDIK. Frangoal
Wed.. June 3. 9 A. M.
ST. LA II KKNT. De Jousselln.Wed.. Juno 10. 3 P. M.
AMKKIOLK. Santelll
Wed.. Juno 17.9 A.M.
ST. GKlfMAI.V, Tr,.ub
Wed.. June 24. 3 P. M.
New
& Co.,
Henry M. Taber
Oo^
dock In
Klv^r. lont ot Morton St.,
the departure of a steamer.
itiy's
DE BERIAN,
Aeent,
No. e BofvUiis Green.
Co.,
COTTON BROKERS,
STREET,
184 PEARI.
NVW YORK.
WALTER &KROHN,
COTTOW BROKEKS,
From
at least
CO.,
NORFOLK, VA.
tracts for Future Delivery of Cotton honght and
SDld on commission.
ONLY
at
YORK.
Advances made on Consignments of Cotton.
<^teamstti}yB.
have tho aaiue delivered
fTKVI
FARRAR *
B17RE,
S103,876,178 51
Direct Line to
Jones,
STREET,
Liberal advances made on Cotton oonalgnmente
Special attention given to orders for con&aeU for
fnture delivery of Cotton.
141
Assets,
&
Farrar
YORK.
IBSVE8 ETBRT DESOBIPTION OF
LIFEdk END WMENT P OLIOIES
BEAVRR STREET, NEW YORK.
Dennis Perkins & Co.,
S8
COTTON BROKERS,
New
13fi Pearl Street,
York.
Orders for Spot Cotton and rntore* proapUy
executed
SOUS
n. CLISB¥
&
CO.,
COTTON BUTERa,
nOITTGOnERY, ALA.
PuBOHAsa ORLT oM OBDnu fOB A
Comnmoa
James F.Wenman & Co.,
COTTON BROKERS,
No. 113
PEAPI. STREET,
N. T.
KaUbllsliMl (In Tnntlne Rnlldlna) If««a
Chronicle Numbers
WAXTED.
and December, 1884.
Supplement.
0C7, 070, 981
Ten Cents for each
Vioe-Prealdent.
saJ
16 and 18 Exrhance PImca,
Post Buildiwo.
Tbko. U. Pricb,
Late of Knre. Kurar A
THE SOCIETY ISSUES
W. H. H. MOORE, 2d Vloe-Prealdent
A. A.
PROUyCB BUmAMOS
BOAfif) ornCkoH;
COMMISSION MERCUANTB,
NEW YORK.
GENERAL TRANsIaTLANTIC CO.
Oetween NEIV YORK and HAVRE.
J.
YOIIK
fiiKAdo
COTTON PACTOB*
MI^QSSOe tA!ia,l491S
I&lilSW!. lfesA)884.
By order of the Board,
TRVSTEESt
NKW
the
Fielding
is
Secretary.
BXCBADOH. m»
ORAIN AND PROVItlOltt
CUMHtspoKnaK'n
,,Mea«ra. Smith, Mwsrda * Ca, CoMoa lliiifi
LilTsrpool.
Meaara. (Isronal If. Bae> > Co.. Hew Ort«Ms.
.«S,ee4,2II 00 »«.111.488 00
DeaSI,'82. Deo. 81, '84.
»I7,1«I7,106 00 tl9,7eO,8M 00
INDISPUTABLE ASSURANCES
nd
B. OHAPniAN,
"pw P*-
Alao of&W to
1-
1884.
1885
158,161,935
Surplus at 4 per cent
10,483,617
Income in 1884
15,003,480
Paid to Policyholders dnring
last 25 years
81,072,486
declared on the net earned premiums of the
Company, for the year ending Slst December,
1884, for which certificates will be issued on
after Tuesday, the Fifth of May next.
J.
NU KH.
FEE
NKW YORK C(>rm
tb«
Com-
261,544 65
Amount
the time of
January
t
.
BEO.\DWAY.
120
t the
K
C O
OIBoe.
EQUITABLE
$787,789 40
The Company has the following
United States and State of New
York Stock, City, Bauk and
T«rtl.
OArrNKT.
8.
LIFE ASSL'KAIVCE SOCIETY,
Premiums and Ex-
penses
will cease.
.
Insunuloe In force
^ Interest due and unpaid
ber 81, 1684. NONB.
Lessee paid daring the same
period
$2,109,919 20
Betums
J.
CoMPARiso.v or BtmiKiss.
U8S.
PSTmta
„
New
from 1st
represent the
Home
New
''""• *"'»
"I'S^iSSS^.,),
LKAMH PAy\
Prtaldtnt.
clonlrlnu to
tti.,
C O T T OM
New
All the proBta belonif to Uia pollor-hdldsra
aluslTel7.
All Poliolea hsneeforth luosd ar* Inoontotabls
'» «nr OBUM »ft«r three yc»r».
Death clKlnia paid at mica as aeon aa aatiafaetor;
»roofa Hre recelTctI »t thn Hame Offloa.
Abaoluto aecurtiy, c.mlilned with the laniest lltwr»'UT. aanuroa tho iiopulnriiT and aoooaas of this Co.
All form of Timtlne I'ullnlea laaued.
GOOD AOKNTH.
South William
8
KRALiian.gTO'r. A. wbiilwrioht, An'tSsr.
Oio. 1(. BcitroRO, Aotnnrr.
pany, are Invited to addreaa
Superintendent <>r Agendca. at
;
XKCTSORDBIIK KoK rrTUUB nn.lTHIf
u-
NEW YORK, January 24, 1885.
6c
COM MI SSI O.N MP.RCHANTM,
1880.)
2«« HrooUway,
ft
Henry Hcnt/
States Life
Insurance Co.
THB CITY OF WKW YORK,
861, 2«2
Mutual Insurance Co.,
(fotton.
70
WAItUS KWDI,
Jobs M. Iwbb.
JB.
Ewen
Brothers,
COTTON BROKERS
Nob. 81
A
83 Broad Street
of the abora paid at the OIBee
WLLIOAM STRUT.
TOBK
.
THE CHRONICLE.
vm
OPotton.
Woodward &
[May
^iscjellauc0U5.
CJottOtt.
Stillman,
1G&
HaUK.
Walter
T.
ffath'i
W. T. Hatch.
Henry P. Hatch.
Arthur M. Haleh.
W. T. Hatch &
MERCHANTS,
Post Building,
30, 1885.
18 Exchange Place
INMAN,SWANN&Co
NEW^ YORK.
Sons,
BANKERS,
NASSAU STREET, NEW YORK.
14
BRANCH OrriCES j 3g tV^-^^p-M^Te'^lia^-i,
.1
IiOAHS
MADE ON ACCBPTABLB
SBCUBIT1B8.
COTTON MERCHANTS,
Oath Aitvances Hade on OonsignmenU.
BPBOIAL ATTENTION TO ORDERS FOR CONTKACTS
FOR FUTURE DELITKRY OF COTTON.
COTTON. ALL GRADES, SUITABLE TO
OF SPINNEKS,
OrrSRED ON TERU8 TO SUIT.
von Gundell & Mayhoff,
COTTON BROKERS,
Noe. 2
&
STONE STREET, NEW YORK.
4
Neiv York.
WANTS
Phenix Insurance Co.
OF BROOKLYN,
CHARLES MATHOPF.
A. C. VON GUNDELL.
TON
CilJNDEL,Lr&
statement of
MEW YORK, NEW
IHAYHOFF
TENN.
&
Gwathmey
ST.,
COTTON'
Bloss,
NEW YORK.
Orders for future deliverr of Cotton executed In
Nev York and
Tlslons In New
Liverpool
also for Grain
;
and Pro-
&
Co.,
and Liverpool.
C.
COMPANY OF STUTTGART.
G.
& Co.,
NEW YORK.
0bdkb8 fob future contracts executed in
New York and
LSHHAN, Stern &
New Orleans,
Lehman. Durr &
Co.,
LEHMAN BRO'S,
Cotton Factors
No. 40
K.XCHANGB PLACE,
OOTTOH, COFFEE
FltODUCE EX0HAN0E8.
UP-TOWN office, No.
W
Cash Assets, Jan.
CHAS.
J. H.
Orders executed nt the Cotton Exchanges in New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our correspondents in Liverpool
Messrs. L. Rosenheim &
Sons and A Stern 4 Co.; In London, Messrs. B. New-
1885
$7,895,090 56
MARTIN,
WASHBURN,
President.
Secretary.
^ETNA
Company
Insurance
OF HARTFORD.
1?HCRCH STREET,
204
New York.
J.
1,
AHsete January
1,
1885
$9,013,517 40
Uabllltles for unpaid l088e«
and re-Insurance fund
&
gass
2,049,026 85
4,000,000 00
'Japltaa
Co.
Wm. Mohr.
H. W.
NET SURPLUS
HANEHANN
$2,064,490 65
No. 3 Cortlandt
Mohr, Hanemann& Co.,
JAS. A.
New
St.,
ALEXANDER,
York.
Aeent.
Liverpool.
Cotton Commission Merchants,
New
Special attention fflven to the purchase
Future Contracts.
&
OP
ORDERS FOR FUTURE CONTRACTS.
B.
F.BABCOCK&CO.
Bet;elve consignments of Cotton and other Produce
and execute orders at the Exchanges In Liverpool
Bepresented In New York at the oflice of
BABCOCK,
82 Nassau Street, New York.
SAM'L
,
YORK,
AND NORFOI«K, VaT
I^ Special attention (fiven to the execution of orders for the purchase and Bale
of Cotton, Grain, and
Provisions U>r future delivery. Orders also executed
New York. Petroleum iilxchanKe and Stock
Board. Liberal advances made on cousiKnments.
on the
& Wakefield,
COTTON
And General Commission Merchants,
Tuttle
Waldron
Hoffmann,
COTTON BROKER AND AGENT
38 RUB OE LA BOURSE, HAVRE.
&
D.
Mercantile
97
Co.
Ins.
OF
LONDON AND EDINBURGH.
Invested and Cash Fire Assets
1,
1S8S.
13,301,747 81
LIABILITIES:
Net
$1,153,063 35
179,379 97
44,748 42
l,9!t4,333Mr
Sui-tflug
$3,301,747 81
00
Branch Office, 54 William St., N. Y.
CHAS. E. WHITE, BAM. P. BLAGDEN,
Losses paid in U.
U.
S. In
18 years
.
.Sl,5,'210,33'.2
S.
Tainter,
Managers.
COTTOK nERCUANTS,
JAS. F.
DUDLEY,
Supt. of Agencies.
PEARL STREET.
FELLOWES, JOHNis^N & TILESTON,
COTTON, STOCKS, BONDS, &c.,
85 WILLIAM STREET, NKW YORK.
O oininei^cial
Orders in " Futures" executed at N. Y. Cotton Bxch.
LJnion Ins, Uo.
DIAMOND HAMS.
Cotton Excliange, Neiv York.
Liberal nflvniices nindo on cotton consignments.
Special Htli-ntion (civen to orders for contracts for
future delivery of cotton.
British
Reserve for Unearned Premiums
Reserve for Unpaid Losses
Other Liabilities
COMMISSION MERCHANTS,
17 Water Street, LIVERPOOI,,
IVIERCIIANTS,
COTTON EXCHANGE,
&
Orleans, La.
U. S. Braneli Statement Jan.
and sole of
Co.,
New
York.
North
GRAVIERST.,
Special Attention given to the Execution
NEW YORK.
Cotton Excbaujce,
F.
AND
00
Reserve for Unearned Premiums
2,847,58(5 00
Reserve for Unpaid Losses and Claims.
4(>5,7e8 84
Net Surplus
1,141,726
AND
cominissioN merchants,
Robert Tannahill & Co.,
iVJffTT
Co.,
MontKOmery, Ala.
La.
OP NEDT YORK.
OFFICE 119 BROADWAY.
CASH CAPITAL
13,000,000
JIKW YORK.
123 PEARI4 ST., 186
Rountree
Company
Insurance
:
COMMISSION MERCHANTS,
COTTON EXCHANGE,
€0]tI]llI$SIOIV
HOME
Co.,
WARE & SCHROEDER.
COTTON COMMISSION MERCHANTS,
MEMBERS OF THE
COTTON
\
&
Schroeder
14,342,430 85
CRO\rEIiIi, Prealdeat.
WM. R. CROWELL, Vice-President.
PHILANDER SHAW, SecreUry.
WM. CHARTERS, Assistant Secretary.
FRANCIS P. BURKE, Seo'y Local Dep't.
Successors to
Hopkins. Lucius Hopkins Smith.
Charles D. Miller.
Hopkins, Dwight
2,3U0,965 »7
287,827 87
040,991 18
STEPHEN
Paid-Dp Capital, R. M. 6,000,000.
Cotton Exchange Building,
Cotton Couiiuission Merchants,
No. 19 S017TH TVILI^lAJTt STREET,
Nenr York.
SELMA, ALA.; MONTGOMEKY, ALA.
Buyers of Cotton for a Commission,
Orders for Future Contracts executed in New York
Reserve for unearned premiums
Reserve for unpaid losses
Netsurpius
Authorized Capital, R. M. 20,000,000.
York.
John C. Graham
QU8TAYUS
OREEAKS,
AGENT FOR
COMMISSION MERCHANTS,
PEARL
195 Broadway, New York City.
Company \st Day of Jan., ISSiS.
CASH CAPITAL
11,000,000 M
Office,
G. E. Staenglen,
COTTON BUYERS,
ItlBlHPHIS,
RO. 123
Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
cash or on mar»!ln.
DEPOSITS RECEIVED— subjoet to cheek at sight
—with interest upon balances.
Special attention paid to INVESTMENTS and
accounts of COUNTRY BANKERS.
S.
DAYIS,
JR., CINCINNATI.
FORTY-FOURTH YEAR.
The Centennial Commission
award to these
of the meiit."
Ifanis.
"
in 1878 reported
ALFRED
PELL,
an
Resident ''Lanaatr,
irst, tno excellent iluvor
iis yo.iil kcopiiit,' quiility,
j<
"Secoud,
demonstrated by the iioiluct I'roslinoss of hums
cured iu 1813." Sold by I'rovlslou l^ealors and Load-
ing Grocers.
(OF LONDON./
Cor. Pine
& WiiHam Sfs
@FedFRASER