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HUNT'S MEllCHAXTS* MAGAZINE,
REPRESENTING THE INDUSTRIAL AND CO.MMKRCLVL INTERESTS OP TUB
UNITED STATTA
VOL.
NEW
40.
MAY
YORK,
financial.
1885.
9,
NO.
^Iwaucial.
^iimticial.
AMERICAN
Henry
DIAMONDS.
Bank Note Company,
NEW CHURCH ST.,
Place,
NE'W YORK.
58
Trinity
Founded
UuHiiicfM
IiironMintl<''I
171^5*
Alfred H. Smith
New Ynrt, I8S8,
Ueoritanlced 1M7».
uiHlcp IjiwH «r Sl»t« of
Engravers and Printers of
Foreign Governments.
Members N.
and most
In the llne.t
Wth SPKCm,
SAFKta'AllKN to
S. "W.
PKKVKXT (OfVTKRFKfTISH.
use nrth«
('uni|ianjr.
Work Exeeut^d
SAFETY PAPERS.
In Flrt'proof BulldlnsH.
UTHOORAPHIC AND TfPE PRWTINB.
RAILWAV TICKETS «F IMPKOVEO STYLES.
^bow Cnrds. Ijubcln, CiUendarfl.
BLANK BOOKS OF EVERY DESCRIPTION.
ALBERT G. GOODALL. President.
VICK-I'Ur.SUlENTS
MACDONOUGH,
J.
STAYNER,
Deposits recelvol aui>Joci lo check at slKht, and
interest allowed on daily balances.
Stocks, Bonds. *c.. bought and sold on commission
In Philadolphia and other cities.
Particular attention Ki^'en to Information regarding
Private wire to
Treas.
FREELAND,
H.
PoTMB,
Pre«'t.
J.
Secty.
w. WoHK,
Cashier.
Maverick National Bank,
BOSTOJV.
CAPITAL, - ...... «4O0,OO0
SURPLUS,. • - ..... 40e,000
Accounts of Baolu and Bankers solicited.
CoUeotlons made upon favorable terms.
Government Bonds bought and
TaoMAS
A. ttsb.
Member N.
W.
T.
TRANSACT
81
Gilder
33 BROAD
it
Court, N. Y.
Union Square
C.
Securities carried on
Special
WESTON,
&
Co.,
Thompson & Richard,
BANKERS,
16
&
New York.
18 Broad Street,
(Next door to the Stock Exchange.)
of the N. V. Stock an 1 Produce Exch'nges,
Members
Deposits received, subject to check. Interest al-
lowed thereon. Stocks, bonds, grain, provisions and
petroleum bought and sold on commission for casll
or on margin. Direct tel^raphic communlcattun
with the Chicago Board of Trade.
HET¥ YORK, SO BROADWAY A 5 NEW ST.
N. Y., No. 17 FIRST STREET.
Otcok Bxcb'ge membership; private wire; all faoUlUas
BROADWAY, NEAV YORK
No. 64
BROADWAY.
Buy and
sell
on commission
all
and Bonds, for cash or on margin.
Agents for Banks, Bankers and Railroad Companies.
&
Co.,
BxehanKe Court dc 52 Broadivar,N.Y.
2
and U. S. Government SeeorltlM
on Commission.
Bhtmblt Chw.
JA8. D. SIHONS,
Member N. Y. stock Exchange.
M imber N. Y. Produce BxChano*.
B
Itooks, Bonds
'Ught and Sold
A8IEI.
L. S.
No. 63
FKANKINaKIMEK. M. SSUOHAjr
.Members N. Y. Stuck Bxohaaae.
&
Asiel
Co.,
BANKERS AND BROKERt,
PLACB.
No. 51
BXCHANOB
Hamilton
&
Bishop,
BANKKll-l ANI> BIlOKI'ltS.
No. 35
BANKERS,
Chew,
STOCK BROKERS,
0.
classes of Stook
&
Simons
Members N.Y. Stock Exchange.
DEALERS IN F1R8T.CLAS3 LNVBSTMENT
PINE
sthi:i:t. m:\v
(Members New V<
Accounts of Banks, H
Interest alkiwtd on balu
CEDAR STREET.
york.
>
'colved.
lulasloa
Business in
Private 'I'
Rochester.
I
I i
Sell
Banking Business, bay
Government Bonds and Investment
Seoorl.
fjna
Draw on
l
.ij
bonds.
(•CO.
:•* to suit
I
i'.
Special atteutiougivuu lu Securlilun for turustmaai'
Simon Borg
No. IT NASS.li; ST.,
DEALERS
LN
&
Co.,
NEW YORK.
ALL KINDS OF
Railroad and InTOstment Secaritieg.
SonTHBRll BEUUKITin A BPEOULTT.
TiWEiR, Member N. Y. Stook Bxeb.
STOCK BROKER.
Lansdale Boardman,
TROY,
B. Hollins
In addition to a General
New York.
BnrBT
particular attention given to the subject of Invest
ments for Institutions and trust funds.
TAINTOB.
BANKERS AND BROKERS,
and
EXCBANGE COURT,
2
Government, State, County, City and Railroad
bonds constantly on band for sale or exchange, and
and
GEO. H. HOLT.
G. D. LTIUILIEB.
U.B.H0LI.IX8. F.AYZNAQA. FRANK CHOLLINS
O. B.
BANKERS AHD BBOKEBB,
No.
GOVERNMENT, MUNICIPAL
Oilman, Son
Government Bonds and other Investment
dc
Receive deposits subject to cheque at sight and
allow Interest on dally balances.
Bonds.
Private telegraph wires to Providence and Boston
Farr,
ST., NEW YORK.
Beonrltles bouKht and sold on commlsson.
attention to orders by mail or teleKraph.
TINKER
RAILROAD
&
Interest paid on Balances.
sell
SECUR1TUC8
BANKERS AND BROKERS,
MarxiD.
Buy and
74
VrSE,
Stook Exchange.
E. D.
Office at the Everett llou.>)e,
and 17th StreeU
Transact a general banking bostness, Inolndlng the
purchase and sale of seouritle* listed at the New
York Stock Exchange, or In the open market.
NEW YORK. Stewart Brown's Sons,
STOCK BROKERS,
a GF,.\EUAL BANKING business.
received and INTEREST aUowed od
balances.
H.
BANKERS AND QROKERS,
56 Broadway
& 7 Exchange
NEW YORK.
1,482.
Holt,
W^ALL STREET,
No. 2
sold.
Vyse & Son,
Branch
BOX
BANKERS,
DEPOSITS
P.
&
Taintor
Co.,
:
SHEPARD,
TOURO ROBERTSON.
THEO.
ASA.
Investment Securities.
New York, Baltimore and other places
A. D.
W. M. SMILLIE,
G. H.
Co.,
PHILADELPHIA.
S|(tflal pnjM'rw mnniinir(iin-«1 fi.liuiv.ljr for
SAFETY COLORS.
&
BANKERS!,
Cor. Third and Chestnut St*.,
nrtlatle »(yIo
FKOM STEEL PLATES,
H. Taylor
L.
BANK NOTKS, NII.VHK CKKTIFIC'ATES. ROM>H
FOR <;OVKU.\ME\T» AM» «'«Ki»OKATIO>S.
BKAFTS nKlKS, IIILLH OF EXOHANUE,
P. O.
Co.,
and Philadelphia Stock Exchanges.
Y.
&
Ives
No. as ITASSAt; ST.,
182 Broadway, Cor. John Street
ENGRAVING AND PRINTING,
STAMP'', Ac,
&
S.
BANKERS,
IMPORTERS,
BONDS, POSTAGE & REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
NOTES of the UNITED STATES; and for
1,037.
W. M.
Earl,
MEMBER NEW YORK STOCK EXCHANOB
BANKER AND BROKER,
30 Broad
St.,
New
York.
STOCKS AND BONDS BOUGHT AND SOLD
BTRICTLT ON OOMHISSIOX.
a
J.
P.
WINTRINGIIAIN,
8C Pine Street, New York.
TELEPHONE CALL, 232 JOHN.
Atlantic Mutual
Scrip.
. BATnCAV,
DOCQLASS QRIBI*.
Memb. N. T.Cotton Eich. Memb.N.T. Btoek Bnfc.
W. W. Dni)i.xT.
&, B.%TE!n.4N,
UREEN
BANKERS
,
AND BROKERS.
STOCKS, COTTON, «UAI!», KOBnOlf
Corner Wall and
KxoaAasB.
New MrcMa.
Private Wires to Washington, n.
C
.
Baltimore, Boe>
ton. Pbllatlelpola and Cklcago.
THE CHRONlCl^r.
ITovelgn J:3Echangc.
&
Morgan
Drexel,
fforclgn jEaEcltange.
&
STREET,
BtJT
AND
**
Co.,
N. V.,
BKIJy
ON GREAT BRITAIN AND IRKLAND. FRANCE
GBRMANY. BKLGIUM, SWITZERLAND, NORWAY, DENMARK, SWEDEN AND HOLLAND.
Issue Commercial & Travelers' Credits
IN
iu
C:inada, and of Drafts drawn in the
United States on Foreimi Countries.
&
J.
&
Stuart
Co.,
8
,
BROAD STREET,
Mcwf York.
Parable in an; part of Europe, Asia, Africa, Anatnula and America.
Draw Bills of Ezchaime and make Telegraphic
Transfers of Money on Europe and California.
John Paton & Co.,
SUCCESSORS TO
JESIJP, PATON & CO.,
New York.
S2 William Street,
Aoooonttt and Agency of Banks, Corporations,
firms and Individuals received upon favorable terms.
Dividends and Interest collected and remitted.
Act as agents for corporations in payliv coupons
and dividends also as transfer agents.
Bonds, stocks and securities twuKht and sold on
commission, at the Stock Exchange or elsewhere.
SterlinK Exchange and Cable Transfers bought
sold.
DRAW ON
&
24 Exchange Place,
CABLE TRANSFERS AND LETTERS OF CREDIT
New Yobk.
PARIS:
NEW YORK: LONDON:
bills of exchange, letters of credit
"• "ATIS. W. G.II. HtiTH.
OaAS." Efgu^INcfV.'!'^"^
tblbgrapuic transfers of money
ON mEXTCO, CUBA, &c., <&c
Co.,
William
Heath &
BAKKERS AND BROKERS,
No. 80
Broadway, New York.
Members
of
New
J.
Yorli Stock EzchanKe.
&
No. 63
O0er Investment
Bxchanfre and tranRact a general
commiBSlon business. Particular atteDtion
tven to American Securities.
Bills of
No. 19
Rue
&
Co.,
BTBRT;INO CHEQUES
Co.,
AND
BILLS
ALEXANDERS &
CO.,
& CO., {LONUON.
, nNnnw
AMSTERDAM.
1
SON,
<& CO.,
PARIS.
&
Cor.
Wall and Nassan
Sts.,
New
cash or on marStock
New York
BxchanKO.
Interest allowed on daily balances.
All deposits subject to checic at sitrht.
Particular attention to orders by mall or tele«rrapta.
James Whitelt,
h.
ckogkr oaklet,
MATNARP C. KTRE.
Henry H. DonaB, Washington, D.C.
Wm. R. Tkavkus, Special pHrtner.
&
Prince
Whitely,
No. 64 BROABTt'AV, NE\»' YORK.
BnivrTT opKirF^P^' *''*^*^^ Ave.. New York.
BRANCH OFFICES 53^ ^^^^ gj Washington, D. C,
^
Bay and sell on commission
Securities; also Grain
all
classes of Kallroad
and Provisions.
Private TelCKraph wires to Philadelphia, Wilmington, Baltimore, Washlntrton. BridKcport. New Haven,
Boston and Plttaburu.
Fred. H. Smith,
BROAD ST., NE^V VORK.
STOCKS, BONUS AND PETROLEUM
No. 20
Bought. Sold, and Carried on Margins.
Intimate knowledge of
all railroads for past twenty
Parties desiring to bay or sell unquoted securities will do well to coramoniciite.
F. H. Smith, > Members N. Y. Mining. Stock k Na»
years.
S.
W. Smith,
tionai
{
CAI.JDMEL.L,
Petroleum Exchange.
WASH BURN &
New
BANKERS AND BROKERS
No,
York.
C. B.
Chas.
AND
Commercial and Travelers' CRBDirg.
LONDON.
AND CKEDITS FOR TBATBLBR8.
3
WALL 8TKEBT.
Trannaf t a general Hanking Bnalneas. Inolndlnff the
Purchase and Sale of all Securities dealt In at the
New York Stock Exchange.
Interest allowed on deposits subject to sight draft
Calpwell.
J.
CABLE TRANSFERS, BILLS OF EXCHANGE
CORRESPONDENTS:
CraOC'*4B, NOTBS
office.
IN
TOWNSEl^D,
FOREIGN BAIVKERS,
AT SIXTY
Sons,
Sistare's
16 6c 18 Broad Street, New York.
121 South Tblrd Street, PUiladelphla.
Co.,
BOSTON, MASS.
PARIS
DAYS SIGHT ON
ifc
SON,
Kidder, Peabody
No. 32 Nassau Street, Nevr York,
No. 4 Post Office Square, Boston,
CHEQUES AND CABLE TRANSFERS ON
CO.,
&;
IIOTTINGUER
City Loans negotiated.
niVNROE &
HAMBRO
H. OYENS
Geo. K.
Securities.
sell
MELVILLE, EVANS
C. J.
Orders solicited for London and American markets
for Investment or on margin. Kallway, State and
&
Co.,
bonds, stocks and securities in all American, Canadian, British and Dutch markets on commission. Collect dividends, coupons and foreign and
inland Drafts.
Sell Bills of Exchange on
But and
Scribe, Paris.
John Munroe
&
WILLIAM STREET,
Act as Agents for Banks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers' letters of credit in pounds sterling A dollars.
floanclal
William Heath
Y. Stock Exeh.
BANKERS.
Co.,
10 Tbrofpuorton Ave., I^ondoB^ Ens*
Draw
Member N.
Kennedy Tod
rOREIGN EXCHANGE. CABLE TRANSFERS.
William Heath
Alsxandir Baring.
KuNOTtDT Tod.
H. O. NOBTHCOTI,
J.
Office, 320 Broadway,
Connected by Private Wire.
Jos. C. Walcott,
jMec-bers of the New York
Stock Kxchantie
Frank F. Dickinson, (
Branclx
Bay ,-tnd Sell on CommtsBlon, for
gin. all securities dealt in at the
BANK OF SCOTLAND, COMMISSION MERCHANTS,
22
stocks and Bonds bought and eold on Commission.
Orders received m Mininff Stocks, and in Unlisted
Securities. Collecfionsmade and Loans Neg6tlat«<].
Dividends and Interest CoUeoted.
DeposltB received subject to Draft.
Interest Allowed. Investment Securities a Specialty
We issue & Financial Report Weekly.
Co., FIRST-CEASS INVESTMENTS,
AND
AI.SO.
Co.,
BANKEU8 AND BK0KER8,
No* 34 Pine Street, New York.
Trannact a General Hauking Business
York.
&
BANKERS
BDINBDROH, AND BRANCHES:
&
C. Waicott
J.
UKALKKS
Maitland, Phelps
BELFAST. IRELAND;
AND ON THB
gaufecvs and %xQ\\txs.
Connected by private wire with main
SCOTLAND.
ULSTER BANKING COMPANY,
NATIONAI.
York.
Issued for the use of travelers in all parts of the
woild. Bills drawn on the Ui. Inn Bank of London.
Telegraphic transfers made to London and to various
ftlaces in the United States. Deposit? received subset to check at sight, and Interest allowed on balances. Government and other bonds and investment
securities bought and sold on commipslnn.
nANCHESTER & COINTY BANK,
MANCHESTER, PAYABLE IN LONDON;
New
K K R
B A N
THB UNION BANK OF LONDON;
BRITISH LINEN CO. BANK, LONDON AND
'•LIMITED;"
Builiiliig,
LETTERS OF CREDIT AND
CIROULAB NOTF.S
No. 23
and
BANKERS, LONDON;
KOUNTZE BROTHERS,
BANKERS.
Exchange on, and make Cable Transtrance and Germany.
;
NASSAU STREET.
BILLS OF EXCHANGE ON
iniTH, PAYNE & SiniTH'S,
33
sell on commission, for investment or on
securities dealt in at the New Vork Stock
& W. Seligman & Co.,
J.
AND OTHER COUNTRIES.
drawn
HAKE COI..t.ErTIONS OF DRAFT.S and
point.s
the United States
abroad on
J
Bills of
all
120 Broadway, Eqiiitahlb
HAKETELEORAPHIO TRANSFERS
OK MONEY
all
Buy and
margin,
Exchange.
Kollischild, Esq., Vienna.
lie
Members of the New York Stock Exchange,
Dialers in forhon Exchange, Gotehnmbnt
AND OTHER Investment Bonds.
STERLING LOANS A SI'ECIALTY.
64 Wall St. and 62 Oreene St., N. Y.
fers to, England,
IN STERLINO,
ANY PART OF THE WORLD.
THIS
M.
Draw
Francs, In Martinique and Guadaioupe.
BBTWBBN
lie
**
Issue Letters of Credit for Trarelers,
On SELIGMAN BROTHERS, London,
SBLIOJIAN FBERKS & CI E.. Paris,
8KLIUMAN k STKTTUKIMKR. Franktnrt,
ALSBEim GOLDBERG, Amsterrtiim,
ALTMA.N &STKTTIIKIM1CK, Berlin.
BILiLS OF EXCHAIVOE
AVAILABLE
M. RotliRchild & Sons, London.
KoiliHcliild IlroH., Parin.
M. A. lie Kothscliilil & 8oub, Frnnk-
IlIeBsrB. N.
Chas. Unger & Co.,
BANKERS AND BROKERS,
AND TUEIU COnUESPOKDENTS.
Attorkkts and Agents o»
measrs. J. S. mORGAN A: CO.,
Ho. 22 OLD BROAD STREET, LONDON.
Brothers
In all
parts of the World, through
g.
Securities
Deposits received subject to Draft.
b'>uf?nt and sold on commission. Interest allowed on
Dsposlts. Foreign KxchanKe. Commercial Credits.
Circular l^etters for Travelers.
Olble Transfers.
mailable In all parts of the world.
And In
Nos. 19
Street.
ISSUE TUAVKLERS^ CRKDITS. available
lort o\iii,
PARIS.
PIIII.ADELPHIA
BOMESTIO AND FOREIGN BANKERS.
No. S9 \¥AL,I.
Co.,
BANKERS,
& 31 Nassau
Third Street, 31 Boulevard Haussmann,
Brown
&
Co., August Belmont
DVALL STREET,
O^'BNER OF BROAD, NEW YORK.
Drexel, Harjes & Co
Drexel & Co.,
Wo.M South
[Vol. XL.
J.
C. Washburn,
Y. Stock Exchange
Lansing
t'ownsbnd. Member N.
A. Kohn
&
Co.,
BANKERS AND BBOKBKS,
19 Broad St.,N. Y., inilUBnlldlnc,
Transact a General Banking Business.
BARING BROTHERS Sc CO., London Foreign Exchange, Bonds, Stocks and Miscellaneous Securities bought and sold on commission.
FERIER FRERES &. CO., Paris.
Julius A. Kobn, datis Ocbs. Mobitz Ochs,
Ruckgaber, mENDELSSOHN Sc CO., Berlin.
Schulz
Memb. N. Y. Stock Jtx
Memb. N.T. Stoclc Exoh.
BANKERS,
J. H. GOADBY & B. E. WALKER,
29 T^ILLIAM STREET, NEIT YORK.
Jameson, Smith&Cotting
COHKESPONDKNTS OF THK
JOINT AGENTS
STOCK BROKERS
International Bank of London
Canadian Bank of Commerce,
(Limited) London.
AND COMMISSION MERCHANTS,
16 EXCHANGE PLACE.
nessrs. jonn Berenberg Gosaler&Co.
23 Broad St. and 6T Excliause Place
&
Hambnrs.
BUT AND SELL STERLING EXCHANGE, CABLE
nessrs.niarcnard, Kransa& Co., Parts.
Commercial and Travelers* Credits.
Cable Traufan.
Bills of Bichanae.
TRANSFERS, ETC.
I
I88UB COMMERCIAL CREDITS, A VAILABLE
IN ALL PARTS OF THE WORLD,
STOCKS, BONDS, GRAIN and PUOVIBIOM*
bought and sold in New York and c:hicjigo.
Chicago Correspondents, WM. T. BAKKR A CO.
Direct and ezolusiTe private wire.
:
Mat
THE'tttllOlftttriE.
9, 1885.]
ganKcts
Wood,
31
^voJitva,
atifl
&
Huestis
PINE
aDCx;ui8oii8
WOOD
A.
Hated at
BBOWN.
Ballroad & Miscellanaoiu Secnrltlea.
__Bouthem SfourUU* a BpeeiaUu.
WM.
J.
Carol in
&
&
Co.,
i tTALI.
ConntT. State, Rsllrnad, District of Columbia
Bonds and FurelK" KxcbaDge.
Oorreepondeiice BoHclted.
&
Kimball
Co.,
B.VNKER3 AND BROKERS,
No. 10 Uroad Street, New Tork.
BcTenteen Yeara' Membership In the New York
Stock Ezcbange.
AUBCO
ROBCRT J. KlUBAU.
&
Co.,
BANKERS AND BROKERS.
Do a Btrlrtly Commission Bnsliieaa
STOCKS, BO.NDS and GRAIN,
With Private Wires
In
CHICAGO, BALTIMOllE,
to
PUILADKLPHIA and Intermeiliute Points.
No. IT tVALI. ST., NEW YORK.
C. J. Turner,
BANKKR ANB BROKER,
(15 Tears* Membei'shlp in tho N.T. Stock Exchange.)
18
Issues Loans
ter of
approved luilwars, nunllsln sad
on the London Market, aoUw A geat for
psymanta of Intersat oa Lcaaa. DiTldeada oa
or Registration of Stocks In London, or otherwiaa.
BROAD
ST..
Correspondence Solicited.
Quotations cheerfully furnished.
Wm. H. Rolstok,
W. Albx. BASS, Jr.
Member N. V. .Stock Kxoh'ge.
Member Chicag o Stock KXOT*g»,
HiaAU OKWI.no. CLARK DSWINO.
F. T. BONTBCOU.
(Member of New York Stock Exchange.)
H. Dewing & Son,
BANKERS AKO BROKERS,
NEW YORK.
AUGUSTINE UEARD,
NASSAC STREET.
Ix>ans on Railway and other neKOtlable secnrltlee.
Purchase and sale of same. X^oans on Bond and
MortKftjfe. General financial business.
New York,
Blocks and Bonds Bought and Sold on CommlsalOD
Accounts receiTed and Interest allowed on ttallances, which mar be checked for at sight.
Iowa I.rf)an it Trust Co. 6 per cent Debentures
bought and
sold.
Howard
Lapsley
&
Co.,
Cable Addraaa-PATT, Lon>ov.
Blake Brothers & Co.,
LONDON, ENGLAND,
Solicit aoooonta and scaiiiilaa of Baaka, BaOwaya
CorpoisUona,llnnaaBdlBdtTMsaia.apaa(sror
able terms; also orders for the imi iihasa and
sale of Bonds, Sharea.
Aa,oo ComailMioa
on the Stock Bzohange.
MeKotlate Railway, State and CXty Loau and
laane Commercial Cradita avaUahla la all parta of
the world.
Ac
De Twentsche
BANKERS AND BROKERS,
No. 11 W^ALI. STREET,
Bankvereeniging,
Neiv York.
B.
W. H. Goadb7&
Co.,
BANKERS AND BROKERS,
No. 24
Transacts a general Banking busineaa, including the
purchase and solo of stocks and bonds for cosh or on
margin.
30
This 0>mpany andertakas the baalasn of Tnut««
to Loans of
Railways and other Ckirponttlons, either In tho mat-
Bass,
BROAD STREET, NEW YORK.
STOCKS, BONOS
No, 18 \rmll Street,
B. LOITNSBERT.
John H. Davis
A
&
MTl,teO M«rUa«.
STREET, NEXT YORK. AND iniSCEIjIi ANEOITS SECURITIES
IfO.
16
Rolston
No. 20
Cttjr,
J.
Capital Paid Up,
Cox,
Bankers tc Commlaalon Stock Brokers
No. as BROADWAY, NEW YORK.
Margin.
UNITED BANK BUILDING,
R.
BANK BVILDIHOa
LONDON, ENGLAND.
V. CAnilMK,
CBABLUig COZ.
N. V. stock Kxohange,
Deposits reoolTod siilijoct to chock at sight, and
interest allowed on dally luilancon. All Stocks and
Securities dealt In at tlio .Now Vork Stock Exchange
bought and sold on Commission, for Cash or upon
NASSAV STREET,
NEW YORK.
H. Latham
(UMITID),
"•• *
Member
Howard Latham. Krbdkrice W. Pibbt
JoRir
Railway Share Trust Co.
DIALBBS IH
UieNew
Walston H. Brown & Bros
BANKERS,
NO. 20
Co.,
UNITED BANK BCILDINQ,
DAVIS.
ggrtigtt gtrantv*.
BBOKEBfl,
BROADWAY AND WALL BTRSBT, NHW YORK
rKCD. A. BBOWN.
llKKBICliT p.
AND
BANKERfl
nUT-Cl^HH KaILUUAI) KlIlHT MOHTOAOI BONl>S
OBOROKC. WOOD. C II. tlUKSTia. UM. BWAC
U. Brown.
&
Co., R. A. Lancaster
to
VK«oiit« orders In nil iecurlMes
York Btook Kxchunjie. For 8ule,
'k
SaulierB and '§Kohtxs,
NKW YORK,
BT.,
BANKBHS AND BUOKBH8,
Wautom
BROAD STREET,
Ne«r York.
R. T. Wilson
W. BLIJDENSTEIN
Co.,
BANKERS AND COMMISSION MERCHANTS
a Rxehanare Conrt. Nevr Vnrk
....
AmSTERDAM,
BSTABUSHBD
Amsterdam.
BRAHCOES
London— HXCHANOB A INTEaTMXNT BANK
Office,
B.
W. BLUDBJCBTBOf A
A
CO.
98 Threadneadla Stiaat, B.O.
Rotterdant— DE WISSBL-en BrrBCTKNBARK.
Enschode-B. W. BLIJDENBTKIN, JB.
Almeloo— LEDEBOEB A
STREET,
New York,
Tranmot a Oeneial Banking Business. Inolndliur
the purohase and sale of STOCKS and BONDS for
Guarantee and Reserve Funds, JK';as,00O.
Letters of Credit and Drafts Issued on the 110
bnuQches of the Bank In the Colonies of Queensland,
New South Wales, Victoria. South Australia, Tasmania and New Zealand. Bills negotiated or sent for
Collection. Telegraphic Transfers made. Deposits
received In London at Interest for fixed periods on
terms which may be ascertained at the office.
PRIDEAUX BELBY,
oaah or on margin.
Bar >nd
Inveitment Seenrltles.
P. O. BOX 8,017.
Sell
WATLAin> TRASK.
W. C. HIU.
A. H. KiDDMB.
H. J. M0B8B.
&
BANKERS
cor.
So-
Exchange Place,
N. Y.
Branch OOlcr, fiS T.a .Snilo 8t., Cbicnga,
TRA.NSACT A UKNERAL BANKING BUSINESS.
INCLUDING TIIK I'URCHASB AND BALE Ot'
STOCKS AND BONDS FOK CASH OR ON .MARGIN. BUV AND SKLI. I.SVEHTMKNT SECUHIT1K8. INTEREST ALLOWED ON DJSPOSITB
SUBJECT TO CHECK AT SIGHT.
P. O. Box 447.
D A. BOOOT. _
C. W. McLlIXAM, JB,
RltTBIN I.kI.AND.
BANKERS.
VNITED BANK BUILDING,
Wall Street,
Corner Broadway.
STOCKS, BONDS * OOJtifEROIAL PAPSR.
Stodu and Bonds bought and sold on oommlssloti
New York Stock Exchange. AdTanoet
""
bnslaeu paper and other seouriUee
U
Hong Kong &
m^m
^^
Secretary.
Shanghai
BANKING ASSOCIATION.
Paid-up Capital
Reserve Fund
Reserve for Equalltatlon of Dividends
ISoodtft
as Broadway,
Australasia,
(INCORPORATED 183S.)
4 Tbreadneedle St., London, Eneland
PAID-UP CAPITAL, £I.800,:00.
c?G Co.
BANKERS,
18 WAI.I.
»7,500,0(X)
4,4rf000O
....
400,000
Iteserve Liability of Proprietors
7,fi00,000
The Corporation grant Drafts, Issue Letters of
Credit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore, Saigon,
Manila, Hong Kong, Foochow, Amoy, Ningpo,
Shanghai, Hankow, \ okobama, Illogo, San Frandsoo
and London.
A. nt. TOWWHKND. Aseat.
4T William
(LIMITBD).
LONDON, Head Offloe, 3 Angel Court.
SAN FRANCISCO Offloe, 422 California St.
AKsnts, J. A W. Seligman A Co.
NBir
BOSTON Correspond'ts, Massaohueette N. Bk
YOR K
-
96,000,000
1,500,000
400,000
Tranasots general banking bnslneei. Issue Commercial credits and Blllsof Exchange, available In all
parts of the world. (^Uectlons and orders for Bonds,
Stocks, etc, execut ed upon the most favorable term*.
FRED'S r. lAiYI,
Xv^r,,-^-
lONATZ 8TKINHAIIT,JK'°*«*"'
ULISNTH AL,
Cashier.
NBW York
CosBBSPONDsirtg
HeBgr8.KNAUTH.NACH0D k KtTHNB
The City Bank,
(tUUTSD.)
LONDON, ENGLAND.
Anthorlzed Cnpilal, ..... iE4,0OQ
......
4,000
Pald-Up Capital,
l,000,Od<l
Reserve Fand, iESOCOOO.
HEAD OFFICE, THREADNEEDLS ST.
Subucrlbed Capital,
......
anAjfoaxa
Bond
.•
Tottenham Court Boad
Street,
Lndnte Hill,
Enlshtahrldge,
Holbom,
OldYtraat,
London.
The Bi^k,whtle condnotlng the Moeral boataMS
of London Bankers, givea special aueotioa to taa
^_
onlal
Agency of Foreign and Colonial Baoka.
1
L. de Steiger
Anglo- Califbrnian Bank
P. N.
CO.
Transact a general Banking and Commlsalon Boat.
oeas in Bills, Stocks, Shares, Conpons, Ae.
St.
TBI
Intborlaed Capital,
Paid-up Capital, ReserTe Fund, • • •
1S81.
—
Nos. S5
Bank of
CO.,
k.
HOLLAND.
Subscribed Capita), 8,00a.O(X) OoUdara (tSJtXMMO^)
Pald-Up Capital, 7,871,100—
"
(18,148,440.—)
Reserve Fund,
"
849,88387
(issajMbJXt
Head
&
^0t;etfltt fSfmi\i.txs.
No.
:
&
Co.,
BANKERS,
FBANKFOBT-ON-MAIN, 6EEXANT.
TURNER
A. P.
so
CO.,
THRBADNKEDLS
LO.VDO.V.
<
New York
)
Philadelphia Stock
George
Stock
Eustis
BAMXBBI.
&
CINCINNATI, OHi«.
Co.,
THE CHRONICLK
^Run&inn
Hjew
"gnnh&ics.
Bank of Montreal.
CAPITAL,
-
-
817RPI.IJS,
•
-
BUCHANAN,
J.
VEW YORK
&
Co., Robert Garrett & Sons,
BANKERS,
(Formerly CEAg. A. SwzsT & Co.)
Dupee
STATE STREET,
No. 40
General Manager.
BOSTON,
dc
OFFIOB,
WAI.L STREET^
Dealers in Municipal, State and Railroad Bonds.
)
ALBX-BLAKG,
But and
and Cable
Sterling Bxchange, Francs
sell
Transfers; grant Commercial and Travelers' Credits,
aTailable in any part of tiie world; Issue drafts on
and make coilecttons
Dominion of Canada.
Iiondon
in,
GMcago and throughout the
CAPITAL (paid np),
SURPLUS,
8.
HOWLAND, Prest.
-$1,500,000
$678,000
-
-
WILKIB,
D. R.
Cashier
BEAD OFFICE, TORONTO.
BRANCHES:
Port Colbome,
Bt. Catharines,
St.
& Co.,
New York and
Boston*
Samuel G. Studley,
COMMISSION STOCK BROKER,
Thomas, Ingereoll
MEMBER OP BOSTON STOCK BXCHANGB.
Swan
Montbbal,
of
S9 Wall Street.
73 Liomliard Street.
Promptest attention paid to oolleotions payable In
any part of Canada.
Apmroyed Canadian business paper discounted at
the Head OfBoe on reasonable terms, and proceeds
I
Merchants Bank
BANKERS
& Barrett,
ail
makes
parts of the world,
collections In
Canada
and elsewhere, and issues Drafts payable at any of
theofBcesof the.bank In Canada. Every descriptien
Of foreign banking business undertaken.
Hew York Ateeucy, No.
61 IVall Street.
HKNBY HAGUE,
JOHN B. HARRIS.
)
JB.,
A<rantji
Agents.
f
i^auVlxixu gattluers.
British
fers.
sell Sterling
Issue
demand
^Iso on Canada,
THE CITY BANK OF HOUSTON,
CAPITAL, $500,000,
Houston,
Texas.
give special attention to
collections
on
B. P.
E. a.
WEEMS, Cashier.
BUBRUBS,
First
ClUCULAH. NOTES Issued in Pounds Sterling
COMAIEKall parts of the world.
ClAL OREDIT.-i ISSUED for use in Europe,
China, Japan and the East and West indies. Also,
BRAZILIAN
in name of NEW LONDON &
BANK
Limited, available in the Brazils, River
Plate, &C.
Bills collected and other banking business transD. A. McTAViSH, ( Agents
acted.
Agents.
H. 8TIKEMAN,
Gzowski
&
f
lUeetlons
A. K.
WALKHB,
Cashier
National Bank,
made on
N. O.
P.
AND GENERAL AGENTS,
TORONTO, CANADA.
Prompt attention given to collections and all
Olal matters.
Correspondents— Bank of New York,
tlank, London.
New York
^jew %\i^\mx& %^\xktxe.
Estabrook,
BANKERS,
CONGRESS STREET,
BOSTON.
MEJ1IBES8 OF
John P Glenn.
JOHN
Cash.
D. G. FONKS,
President,
THE NEW YORK AND
BOSTON STOCK EXCHANGES.
ALSO,
Dealers In Mnnlclpal, State, Railroad
and United States Bonda.
i
i
STATE BANK,
)
Incorporated 1S7S.
i
P.
BRANCH,
^jeunsglnjatiia
President.
&
%voxhtxs.
Gerlach,
BANKERS AND BROKERS,
CHESTNUT STREET,
PHILADELPHIA.
Orders executed by private wire in New York, Bos
ton and Baltimore.
Drafts Issued on all principal points in the United
and iCurooe.
JOS. M.
Jos.
8H0SMAKER.
WALKIB
Cashier.
Capital (Paid In)
-
-
-
-
9300,000
Prompt attention given to all business in our line.
N. Y. CORRESPON17ENTS.— Importers' & Traders'
National Bank and National Bank of the Republic.
dHSRHAN S. J EW ETT, Pres. J osiAH J EWKTT, V.Pres
WILLIAM C. CORNWELL, Cashier.
Bank of
Buffalo,
CAPIXAIiy
^300,000
BUFFALO,
N, T.
This bank has superior facilities for making coUeoLions on all accessible points In the United States,
I.,iberal terms extended to
Canada and Europe.
accounts of bunliers and merchants.
CoHHESPONDKNTS.— New York, National Shoe k
Leather Bunk; Union Bunk of London.
Frkd. R. Soott, Vice-Pres't
Virginia Bonds funded under the Funding Act
passed by the last LeKislature, for H per cent commission.
New North Carolina 6 per cent bonds,
secured by lien on the State's stock in the North
Carolina Railroad, for sale.
S'^ates
C. T.
German National Bank,
Mtmnships.
RICHMOND, VIRGINIA.
No. 322
Co.,
Defaulted Bonds of Missouri, Kansas and Illinois a
fecialty. Good Investment Securities, paying from
•.^ to 10 per cent, for sale.
THOMAS
Narr
&
OLIVE STREET, ST. LOUIS,
Dealers In 'Western Secnrttle*.
BRAIVCH &, CO.,
BANKERS AND COMMISSION MERCHANTS,
Cobb
&
No. 86
;
flnau-
and Alliance
Brewster,
made on all Southern points on best
prompt returns.
Collections
terms
1871.
Keleher
F.
parts of the United States
all
MERCHANTS' NATIONAL BANK,
RICmnONB, VIRGINIA,
Buchan,
STOCK AND EXCHANGE BROKERS
Mortgage
Transact a general Financial and Agency Busineii in
the State of Texas and Europe.
.'Jew York Correspondents:
C. B. WBLLE8LHT,
Blakk Bros. & Co.,
General Manager,
Wall Street.
D,
AS. T:
Chicago.
available In
&
COMPANY LIMITED,
(OF LONDON, ENGLAND),
BBNJ. A. BOTTS.Pres'l
Pres't.
WILmiNGTON,
Exchange and Cable TransColumbia, San B>anci8co and
Bold.
LITTLE ROCK, ARKANSAS.
al)
Botts, Pres't; P. A.Rlee
B. Botts, Rob't Brewster, S. K.
Baldwin, W.
Mcllhenny, B. F. Weems.
STREET.
Bon^t and
805
mOBILE, AI^ABAIVA,
drafts on Scotland and Ireland:
iSritisb
Co.,
Special attention paid to collections, with promot
remittances at current rates ef exchange on day of
payment. Buy and sell 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), Liverpool.
C. C.
North America,
No. 63 ^n^ALL
Buy and
&
DIRKCTOR8.— Benjamin A.
or
and Car Trust
entire issues receives special atten
Write us if you wish to buy or sell.
ESTABLISHED
Thos. P. Miller
Accessible points.
Bank
Town, Sohool,
state. County, CTty,
Texas Land
Street,
Dealers in Government, State, County, City and Baliroad Bonds, Bank Stocks, &c
r>esirabie investment Securities constantly on hand
We
AGENCY OF THE
Dr\"VrT^Q
DV/xN Uijf
.
BANKERS.
The New York Agency buys and sells Sterling Exchange, Cable Transfers, issues Credits available in
DEARBORN BTREET,
CHICAGO, ILL,
No. 176
THE
AND B R O K B B S
186 middle
BEAD OFFICE, MONTREAL.
IX)NDON, ENO.— The Clydesdale Bank (Limited.)
HBW YORK—The Bank of New York, N.B.A.
&
W. Harris Co.,
INVESTMENT BANKERS,
PORTLAND, MAINE.
G»pital,
Beserre,
eBOBOB HAGUE, General Manager.
J. H. PLUMMER, Assistant General Manager.
BANKERS:
& Co.
gttttltetB.
N.
Uon.
OF CANADA.
$5,700,000 Paid Up.
.
$1,250,000
Preildent, ANDBEW ALLAN, Esq.
Vice-President, ROBBRT ANDERSON, Bso
a
tat"
The funding of
I
BosASQUiT, Salt & Co., bank
W^tst&vn
4,
BOSTOIW, MASS.
WeUand, Fergus, Woodstock, Winnipeg, Man,,
and information
N. Y. Correspondents— MoKlm Brothers
Dealers In Commercial Paper, GoTonunent and
other first-class Bonds and Securities and Forelirn
No. 4 Ezchanee Place, Booh No.
Brandon, Man.
Dealers In American Currency & Sterling Exchange.
Agents in New York:
Agents in London:
BAliXIinORK.
and SOUTHERN SECURITIES
INVESTMENT
ipe(Aalty.
PROTIBENCE, R. I.
Exchange.
Private Telegraph Wire to
Co.,
of Baltimore Stock Exchange,
alsDed.
W^ETBOSSET STREET,
63
&
BAffKERS AND BROKERS.
Members
Correspondence solicited
BANKERS AND BROKERS
No. 32 Abcbnrcb Lane
Office,
Imperial Bank of Canada.
H.
Wilbour, Jackson
SOUTH ,.TREET,
BALTIMORE,
Wilson, Colston
Joshua Wilboitk,
Chaslxb h. Sebldoh, Jb.
Bbnjauim a. Jackson, Williaju blnnxt, Jb.
61
7
TRANSACT A GENERAL DOMESTIC AND
POREIGN BANKING BUSINESS.
niASS.
WALTER WATSON, {Agents.
..._..
NO*. 69
No.
BANKERS AND BROKERS,
O. F. 8MITHI;KS, President.
W.
galtimwrje gautueicB.
^ttfllawfl gatxlia;?.
Perkins,
912,000,000, Gold.
$6,000,000, Oold.
[Vol. XL.
ROBKBT M. JANNIT.
M. Shoemaker & Co.
BANKERS AND STOCK BROKERS,
No. 134 SOUTH THIRD STREET,
PHILADEL.PHIA.
OI^L.
Y
Direct Line to
France.
GENERAL TRANSATLANTIC CO.
NEW IfORK and HAVRE.
Between
From Pier (new) 42, North River, foot of Morton St
Travelers by this line avoid both transit by Knglish
railway and llie discomforts of crossing the Channel
In a small boat.
Wed., May 13. 5 A. M.
AMEHIOUK. Santelli
Wed., May 2it. ]0 A. M.
ST. GEltMAlX. Traub
Wed., MjiyaV. 5 A. M,
OLINDE. Rodriguez
Wed., .Tune 3, A. M.
NORMANUIE. Fraupeul
Price of Passage (including wine):— To Uavre—
First cabin. $100 and *J^0; second cabin, $U(t: steerwine, bedding and utensils. ReaRC, $a2— inciudinK
turn tickets at very reduced rates. Checks on Banque
Transatlantique, Havre and Pari.sln amounts to suit.
Special Train
IVom Havre
to Paris.
The-Compagnie Generale Transatlanti9ue delivers
at Its office in IVew York ypeclal train tickets from
Havre tu I'nris. Baggage checked through to Paris
without exauiination at Havre, provided passengers
have the same delivered at the Company's dock In
New York. Pier 42 North Ktver. foot of Morton St.,
at least two ht)ura before the departure of a steamer.
IjODIS
be BEBIAN,
Agent,
No. 6 BoivUns Green*
:
Mat
THn (CHRONICLE.
9. 1889.]
Svust ©crmpjtutcs.
^ucttan
United States Trust Co.
OF
No. 49.
Capital,
NSW
STOCKS
YORK,
(13,000,000
3,001,741
Thia oompanr It a l«n>l dapodtory for monan paid
Intu conn, and la authsrliad to Mil aa Kuardlanor
raoeirar of astatea.
INTCKBtlT ALLOWKD OV OigPOBITB,
whioh mar ba mada at any tlnia, and withdrairn aftai
0Ta daya* notloa, and wUl b« antltled to intoraat for
thawbola time tnay may remniii
'upany.
'
Btzeontora, admlolstratora,
and females anaocnatomed
«>r
r
SAr.FS nf
TRUSTEES:
Dan. H. Arnold, W. W. Phelpa, iJohn ri.Rhoadea
Thomas Bloct>mb,l>. WlUla Jamee, Anson P. Slohea,
Charlea H. Bill,
JohnJ.Aatur,
Kobl. U. Mini urn
Wilaon U. Hunt, Ijohn A. Stewart, Geo. II. Wiirren.
II. .Maoy,
I.S.M.I»ucklnuh«ni UeorKe Bllaa.
Clinton (iilbort, II. K. Lawrence, WIUlHm LIbbey,
Daniel D. LorJ, 'Isaac .N. I'holps, John (;. Brown,
Samuel Hloan,
[Knistuo TornrnK. Edward <^oop«r.
Is. It. f'hltientiar. W.May'rdCuttlng
James IjOWi
I
Wm
i
UKNR7 L. THOU.NKLL. Secretary.
LOUIS G. HAMPTON. Aaslataat Beorataiy
611
ADRIAN
Aou
nULUSB
II.
statement.
1>KPOBT OV THBOONDiriiiN
„|, th*
"-MKRCANTILE NATIONAL BANE
S00.000
aa Kxecutor, Administrator. AsslKnee, eto.
trusts of erery description known to
and exeoatea
tbe law.
All traat assets kept separate from those of the
Company.
Burslar- Proof Safes to rent at IS to tflOperanflum.
WlUa kept In Vaulta without oharxe.
Bonds, stocks, and other valaabies taken under
guarantee.
Paintings, SUtuary, Bronxes, etc., kept In FtreProof Vaults.
Money received on deposit at Interest.
JA8. LONO. Pres't. JOHN O. KBADING, V.-Pres't
MAHLO.N s. STOKKS. Treasurer A Secretary.
D. K. PATTERSON, Trust Officer.
DiKKCTOBS.— James l,on«, Alfred S. GlUett, Joseph
Wright, Dr. i;hnrle8 P. Turner, William S. Price,
John T. Monroe, W. J. Nead, Thomas R. Patton, Jonn
O. Heading. Jas. S. Martin. D. Hayes Agnew, M. D.
Jos. 1. Keefe. Robert Patterson. Theodor C. Bngel,
Jacob Naylur, Tiios. (i. lloml. K.lwiiid L. Perkins,
PHiLADELPHLi; .Samuel Riddle. Cii.t.v Kiddle. Pa.;
Dr. Oeorge W. Reily. HahuisbI'KG. Pa.; J. Simpson
Africa, Ui;r.NTiNODo.v Henry S. Bckert. Readino;
Edmund S. Doty. MirFLi.VTow.v W. W. H. Davis,
DOYLKSTOWN R. K. .Monaghan, West Chistbb
Ohas, W. Cooper, Allb.ntown.
U
.'.'.'.
.
.'.'.'
).eiii''
wlihU.H.Tre«ii'«rir
I
I'l'
96
BUOAOWAT, NBW VOBK.
JOHN C. SHORT*..!
FRANCIS
A.
NEQLKY
TALBOT
8.
B.
IM
JM
W
Vlos-Presldent
Vice-President
Vice-President
....SwyyandTreas.
Anthorized Capital Stock, $1,000,000.
Paid In
500,000.
SOUND INVESTMENT BONDS famtaJied to Savings Bunks, Insurance t'ompanles. Executors
Trustees of Estates, and individual investors.
UNITED STATES BONDS, SUte
-ulatlool
Duoli
•Luiaaror other thaa*
per cout rodemptloa f uimI
i
UABILlTTBS.
.... ^
Capital slock
Bonds, Munici-
M
paid in
Surplus fund
Undivided prodta
.State
bank
ntites outstandlnff.
ILOOOMO
imxiw o»
IM.OM If
...'
T7-t'M0 Od
B igflmn
4 (KO
m
M
I.TSoItss
Individual clo[>osits sttbjoctto oheok..
Di'msnd ccrtlHcates of dopoalt
W!\. !
( ash lor'a checks outslandlnK
41
iriMim
I^OD 00
S 473 DM M
.
l)UBtoothernatlonal banks
Due to State banka and baokera
Total
DLmfliifM IM
State of New York. County of New torlTi
I.
F. B. SCHENCK, Cashier of the above-named
bank, do solemnly swear that the above atatemant
Is true, to the best of my knowledce anU
belief.
y- B- SCflfcNCK, Cashier.
^
Subscritmd and (worn to before me thla 8tb tmt
of May, 1866.
F. A. K. BRTAK.
„._„..
Correet-1?{5;r''"'"'«
GEORGE H.
WM.
WM.
and
pal Bonds, Railroad Bonds, bought and sold.
BONDS of States, Munlclpalltlee
40;llOBae
Total
_
Ccrtilled checks
.'...President
..;
WHITE)
.
«...."....';
•
"'V'
AMERICAN
FINANCE COMP'Y,
,.
"rrcntazpwiaaauidtazw paid
bald
.".""
t'hwka and other caih Itania.'.'
'"?"'? '"I <''"»"o« Ho«*»
lioi
mils »r other banka
SpiTin
©ompauies.
l^ittattclaX
mjii.
bonds to ssonra olreuliit/on". .V.'.'
bonds and
Due from other .National mofteaaaa. .
hanka^
Ml" rrom Miaio banka and banker*
Ileal
X.
(illinr >took>,
aatate, rurnlluraaiMI Oktnraa
(EqdITAIILK BUI1.0IJI0.)
THKO.
tl.000,000
UIMUaCM.
, ^,
and dlac4innta
I'rt'iiilums
SON,
A.
,
l.(>an8
Ovcrdrafta
<
NEW YOKK.
PINE STREirr,
No. 12
WM. P. WAT80» ...*..,,
AND OlS CHESTNUT 8TKHBT,
PII1LADBI.PIIIA.
Anthorized Capital
Paid-up Capital
olSMes of
ON
JAMBS
Co.,
all
WEDNK.SDAY3 AND SATURDAYS.
eatataa,
JOHN A. 8Ti:WAltT, Prealdant.
WILLIAM II. MACY. Vlce-Prealdent.
JAMBS 8. CLABK.SeeoDd Vloe-Praat
nUOULAR AUCTION
STOCKS AND 0ONDS,
Baaa,aa well ua relUlouB and t)tMirvoi<>:it institatlona,
wUI find thIa oonumny a uonrenlent depoalt^ry for
The Union Trust
fiONDS
and
TUe Understffned hold
nofbuaU
totii.
SauK
jlalje0.
At Auction.
WALL 8THBBT.
•
Surplus,
money.
:
"" "• '*"
"""^
SARGENT,
BROWNING,
(
JOH.V,
.ST.
^amm&Kcial
»««'-
Oireotoia.
ClPavxls.
DEFAULTED
and Railroad Compaulee negotiated or collected.
CALL AND TI.MR LOANS made on United States
Bonds and good Municipal and Railroad Honda.
FINANCIAL AOBNCV 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 is In
the hands of Receivers or Trustees.
RAILROAD LOANS negotiated.
Brinckerhoff, Turner
&
Co.,
ManDfaeturers and Dealan la
COTTON S AILDUCK
And all Unda
Circulars on application.
of
;
SUJEiETYSHII*.
;
;
:
COTTON
American Surety Comp'y
The Brooklyn Trust Co.
Cor. of
Monta«na A Clinton
Brooklyn, N. T.
Thla Company Is authorised by special chartai to
act as receiver, trtutee, Knardlan. executor or aditi.,
ministrator.
It can act aa^wsant In the aale or management of
real aatate, oollect Intareat or dlvldenda, reoelva
Teglatry and tranafar booka, or make pnrotaaae and
ale of Oovernmant and other aeonrltlea.
Uellglona and charitable inatitutlona,and peiaona
noaccnstomed to the transaction of business, will
find this Company a safe and convenient depoaltory
for money.
RIPLEV ROPKS. President.
EDMUND
W. COP-UKS, Vloe-Preat.
TRU8TKB8:
JoalahO. Low, K. P. Knowlton, aanrvK. Sheldon
Alex.M. White, John T. Martin, C. D.Wood.
A. A. Low,
Fred. Cromwell. Henry Sanger,
Alex. Mo«'ue,
Jonn P. Rolte,
Wm. H. Male,
Mich Chaunoey.B W. Coriies.
Klpley Ropes.
Wm. B.KendaU. U. R. Plerrepont,
Jas. Ross Cubkan. Secretary.
Metropolitan Trust Co.,
91,000,000.
Designated as a legal Depository by order of Supreme Court. Receive deposits of money on interaat,
act as
fiscal
or transfer agent, or trustee for corpora-
Uona and aocept and execute any
In the '^oiirts.
It is tlio cmly Corapanv organized in the United
States devoted eiclusiviv •.. ^Mretyshlp, and with
all its assets Invested
rv.
It guarantees the
ifflcers and Employees of Railways,
-nipli. Telephone
and t,.vure8sCompani
na employed by
corporations and bnsi,
h-.ldlng positions
of trust and pecuniur.
tv.
r.,,,„^„
E. D. L. SWKET i SON.
j. .\|:,....„„,.
K. Vox. Agent .iiij Attorn
,',lfu
GODFREY .MOUSE. Agent and Ar
,„
BASCOM A .MUNSDN, General Ac,
,1,
BROWN.CRAIO SCO.. OenI Agents, Sun Kmucisco
legal trusts
from
pwraons or eorporatiina on as favorable tarma aa
other almllar companies.
TlKJ.MA.s HILLHOU8K, Prealdent.
FRKDKKIC D. TAPPKN. Vloe-Prealdenl
J. BRITTIN. Secretary.
A.
Bonds
NO OTHER
€o.
OF NORTH AMERICA.
Cash Capital
CaahAssets
(300,000
400,000
214,000
Deposit with Inaoranoe Department
President
Vice-President
SiK ALAX. T, Oalt,
Hon. Jas. Firbiib.
Managing Director
:
Edward RAWLUiea.
NKW YORK
NO. Ill
Noa. 214
TIES.
&
TOMPKINS.
Secretary.
A
Cash Capital.
218
&.
CASUALTY
I.
CO.,
BROADWAY, NKW YORK.
(250,000.
Assets. $312 020 11.
Deposited with the In.suranoe Departm't, $300,000.
omdala of Banka, Rallroada and Kxpreaa Companies, Managers, Secretaries, And Clerka of Public Companies, Inatltutlona and Coauoerclul drms, can obtain
BONDS OF 8I1RKTY8HIP
thla Company at moderate cbaiges.
The bonds uf this Comimny ara aooepted by
Wheeler,
119 ItlAIDBN LANE,
NKW
TOKK.
BAOGINO AND IRON
(FOR
BaMNQ
TIES,
COTTON.)
Agents for the following branda of Jute Bagging
"Kagle Mlll«.""Brooklyn (^lty,""t;eorgla,—Caroiina?'
•Nevlna.O," " Union Star," "Salem,"* *'Uorloon MlUa.*'
" Jersey Mills " and " Dover Mllla.^
^^
IMPORTERS OF IRON
TIBS.
No. 109 Dnane Street.
Fabyan &
Bliss,
Co.,
of the State of
New
BROWN & BLEACHED SHIRTINCS
AND SHEETINGS,
PRINTS, DENIMS, TICKS, DUCKS, Aa.
Towels, <lnUt«,Tri>ite Goods dt Hosleri
DrilU, Sheeting*, de., for Export Traile.
Brown Wood & Kingman
,
SELLING AGENTS FOR
Geo. H. Gilbert mi'ic. Co.,
Arlinsftou mills.
Freeman yiTg, C»f
Ueul'reiv Mre. Co., Jainra Flilliips, Jr.
FttchDurs %%'orMCcd Co.,
George Wliltnejr, Continental SUIla,
Lincoln Mills.
BOSTON, 31 Bedford Street,
$
88
A
60 Worth
Street,
and
Fabius M. Clarke,
ATTORNEY AT LAW,
TOPEKA, KANSAS.
ConunerdiU and corporalioo law and mnnlatnl
_,
KxriBCXcxs: Hon. D. J. Brewer, U. S. ClnHrit^
York.
CASUALTY DKPAKT9IENT.
David Imwa,
W. O. Low,
A. S. Hnrnes.
Charlea Dennia,
J.8.T.Stranaliaii, H. A. ilurlbnt, Alax. Mitchell.
J. D. Vermllye, 8. B. Chittenden.
A. B. Hull.
Wm. M. Rlotaarda.
G«o. S. Coe.
_
bonds, apedaltlea.
m
s
Jndcei Corbin Bankinii Co., New York; Hia
A. Oabom. Boatoo. and tka
Banking Co and Gen.
Bank of Topeka, Topeka. r
1' .
John
courts
Poilolea iasned attalnst itccldenu aautns death or
totally diaabllfur Injuries.
Full Information as t<> detHlls. rates. Ac, can be
"ly's Airents.
obtained at head onic^
M. CKA.NE, Sao'y.
WM.M. RicuAitii!*. I'l
-turetary.
ROB'TJ. llli
Oeo. T. Hope,
a. U. Wllllama,
Neir York, Boston, Fbiladelphla,
SBUiINQ AOSNTS FOR LEADING BRANDS
wpw vncir
OFFICE:
from
Bullard
CO.
Afnllsapplyrall Widthaand Colon, alwart la itoak
BROADWAY.
DiRKcriiKs-Joeeph W. Drexel. A.
GRATZ, FIDELITY
IMPORTERS OF
COTTON
BUSINESS.
The Guarantee
NIWYORK
Uannfactarers' Agents for tbe sale of Jute Bagging
IROIV
oi" Sixretysh.ip.
Hopkins. H. Victor Newcomb. John Paton. Danla
Trarrance, Edw. K. WInslow. Braatua WIman.
LOUIS, Mo.
ST.
'
HENRY
D. J.
UTAKREW, JONES
r
ONITED 8TATK8 BVNTINO
I
WALTKR
BAGGING.
'
f
i.
BAGS. -AWNINO STBIPB8.
Also, Ajtenta
RiCH'D A. Er.MER, Pres't. LTman W.Brigqs. VJ»
This company will act aa surety on Bonds reauired
New York.
Mills Ball(Uii«, 35 Wall St.,
PAID UP CAPITAL,
Cask Capital, $500,000.
General Office, 100 Bromlwsy, New York.
CANVAS, FHLTINe D0CK. CAB
COTSRINO, BAGOING, BAVKNS DUCK,BAIIi
TWINES, Ac., "ONTARIO" 8KAMI.aU
B.
Manning,
BANKKR AND BROKBR.
No. 6 Wail Street,
New Yark
Otty,
SOUTHERN SBCDRITIBS
A SPECIALTY.
State. Hnnlolpal and Railway Beada sad Coapoki
boochtand aold at beat market raiaa. InTaatarao*
bay or aaU ar« ISTtted to ee
dealers wishing
oatu witll sa.
_
Mi-mr>er,ar the New York Btoec Ezenaiu*.
w
»»»H
MOKTGAUVH,-Only tliamaal daaltsblsloaat
Abaoluteaafelyaod
Mlaaoort Loan Trust COm
THE CHRONICLE
^ptcisd %nvitstm.tntB,
^p^cjcial 'guvtstrntnts.
Investment Securities
BOUGHT AND
WANTED:
SOLD.
SOS
rnONTAGVB
AIiBBRT
'
BROOKIiYN.
ST.,
OAS STOCKS
Bonttaem Securities.
'
& Co.,
VW YORK,
Geo. H. Prentiss
No. 49 TTAI.!. 8T.,
Axn
Bome Wstertown & Ogdensbiirg Ists and 8di.
Orw«go & Bome Ists.
[Vol.
E. HACHFIEIiD,
No. 5h Pine Street.
New England
Mortgage & Investm't Co
Incorporated.
capital, f 150,0#0.
Offers carefully selected lovra and Eastern Kansas
Interest tJ to 8 per cent. Security
three (3) times amount oiF Loan. Also fur sale 6 per
GAS SECURITIES,
NEW
F. U. Mills, President.
H.
J.
DEAI.T
BBB OAS QUOTATIONS IN THIS PAPEB.
W. W. WALSB
NASSAU STREET,
No. 21
$100,000.
D)
careful attention given to all corresCollections made upon favorable terma.
•
11
Bank
Inve»4-*v-t ^n
oLIIlCllLO.
H. L. Grant,
No. 14S BROADTTAT,
NEW YORK.
CITY RAILROAD STOCKS & BONDS
BOUGHT AND
other Stocks Bought and Sold.
CO., Private Bankers,
jninneapolis, ininn.
320.
paper.
%nUxtstf glwiAjeiids,
pENNSYl^VANIA RAILROAB
TREASURER'S DEPARTMENT,
Philadelphia. May
BLAKE &
THE
Kansas Loan & Trust Co.
TOPEKA, KAN.
circular.
1.
1385.
JOHN
D.
TAYLOR, Treasurer.
BANK OF THE
THE YORK, N£W YOHK, AprilSTATJB OF
NEW
1»85.-Ata
28,
meeting of the Directors of this bank, held this day,
a dividend of FOUR PER CENT on the capital
stocK. was declared out of the earnings of the past
six mouths payable on and after May U next.
The transfer books will be closed from April 29 to
L.
EDWARD.^,
President.
In Sums of $100 and Upwards on Indiana and Oliio Lands.
MOTHINa SAFER. ALWAYS PROMPTLY PAID
SEND FOR PAMPHLET.
JOS. A. raooKE,
84 Bast market St.. ludlanapolla, Ind
the western
Farm Mortgage
CO.
of Directors has this day declared a
Seml-Aitnual Dividend of THREE PER CENT upon
the capital stock of the Company, clear of all taxes,
payable on and after May 29th. next, to shareholders as refflstered on the books at 3 P. M., April
May 13, both days inclusive.
By order of the Board.
B.
Farm Mortgages
NATIONAI<
THE
NOTICE.—Albany, UNION Albany. In the
BANK
at
located
of
St^teof New York, is closing up Its affairs, Its corporate existence having expired at the close of
business on the seventh (7tn) day of March. 1885.
115 Broadway,
FARMS.
Interest and principal paid on day of maturity In New York. Funds prumptly placed. Large
experience. No losses. Send for circular, references
and sample forms. F. M. I'KUKINS, President; J. T.
Vlce-Prest.; L. U. PKRKI.VS, Secretary;
CHAS. W. GILLBTT. Treas.: N. F. HAUT. Auditor.
WARNB,
Banking House of NERER
NORTH
Troy,
V.
& CARPK.NTEK,Ueorganized
Kstablished 1H21.
Upprefl*'ntatives
186a.
VESTEBN of the NOKTIlVvEWCERN
.V.
Kii.itern
^ITT * 1> A vn?!?
VLIAUAX^ IXiIi,
GUARA.NTY
LOAN CO.
of Minneapolis, Minn,
ijoj capital, *a,000,0«0.
Real
capital, «200,oou.
^uthorPaid up
t.state
LOAN
Mortgages worth from two to
four times the amount of mort-
COMPANY.
gage, netting investora 6 to 8 per
ct. Guaranteed by Co. Interest
payable at our Banking House.
E.
S.
5 Hi
Bailey,
PINB street,
deali.xos ik
I
N
S
IJ
RA
]V
C E
notes ana other claims OKainst the association for
paymeaL
Dated March Tth, 1685.
JAS. 0. COOK.Xashier.
& Rio Grande.
Denver
Bondholders' Committee fob the ReorganiZ4TION OF THE DKNTER& RiO GBANDK RalUWAV
Company, 52 ExchauKe Place. New York.
A
cable received to day by the undersigned states
that the plan of rcur«nnix:itlon formulated by them
has been accepted by the committees for the EnKllsh.
scotch and Dutch Consi-lldated Bondholders of the
Denver A Rio Grande Railway Company, subject to
tritllng alterations, tu bo adjusted with one ot their
members who will shortly arrive here.
GEO. COPPELL, ('hiihman, 34 Exchange Place,
THEODOHE DUEIKH.
JNO. LOWBEK WELSH,
;
Philadelphia,
WILSON,
MARCUS, Secretary. 52 Exchange
R. T.
A.
New
York,
May
7,
Reed
Place.
1885.
&
to 40 per cent of their value are the best securities
obtainable is evidenced by the success of all who
have invested in them through us. We are prepared
to demonstrate from the records of a business ex*
tending 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 momi'Utin face
of the overwhelming proofs which our records
afford.
Contingencies existing in ahuost every
other form of investment are lacking in these, and
while we do not pretend that they are the only safe
securities to be had, we do say emphatically that
the combination of as great jiafety, and nearly, if
not quite, twice the income obtainable from sucn aa
we would place in the same class, render them decidedly attractive. Had they not proven satisfao*
tory to our customers during the p;t8t twenty-flvo
years our transactions in them would have scarcely
reached tiie enormous proportiims which ourrecordi
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 founda-
We
tion.
Dayton&IrontonRR.Co
MORTGAGE 6 PER CENT
FORTY-YEAR GOLD BONDS.
ISSUE, tl.'hW.OOO. LIMITED TO $11,000 PER MILH
ARE OFFERED FOR SALE AT PAR AND INTEREST, AND FULL INFORMATION WILL BH
GIVEN BY
Tl&e Corbin Banking Co., N^-w Tork*
E. Rollins ITIorso & Bro., Boston.
TOLEDO CINCINNATI &
RU. CO.
(St.
ST.
LOUIS
Louis Division.)
TOLEDO DELPHOS & BURLINGTON
RR. CO.
(iHain Line.)
First Mortgage Bondholders in the above divisions
are hereby notified that the privilege of beoomtns
parties t<» the Bondholders' Trust Agreement of
April 0. 1884. will expire May 10 next, and that all
bonds must be deposited In the Metropolitan Trust
< o., 35 Wall Street, on or before that date.
Subscriptions and bonds wl 1 be received in Boston by the
American Loaji A. Trust Co.. N. W. Jordan, Actuary.
"*
Chairman.
.JA
.JAMES M. QUIGLEY,
81 Beaver Street, New York.
8S5.
April 80. 18S5,
Fifth
Avenue
HOTEL,
niadisoii Square,
NEW VORK.
The Larifest, Best Appointed and Most Llberail'
Maaaiied liotel In the City, with the Most Ceutrat
and UellKhtfol Location.
Moore
&
CO.
Schley,
MEMBERS NEW YORK STOCK EXCHANGE
26
BROAD
ST., TiKVT
VORK.
PrlTat« Wire conneotlon witli Pliiladelphla,
Baltimore and Wasliington.
&
Spencer Trask
Bankers,
Nos. 16 AND 18
Co.,
Begad Steket,
Flagg,
Duncan Building, Cor, Nassau & Pine Sts.
Transact a General Banking BuHn»gt
H
Connected by Private Wires.
No.
PINB 8TEBKT.
STOCKS BROKERS AND
A SPECIALTY.
York.
HITCUCOCK, DABLINO *
^ixmncinl.
KNTRANCK
Coib paid at once for the above securities or they
wtU Be sold on suouulsslou at seller's option.
New
AND 8 PER CENT FARM MORTQ AGES.
All note-holders and others, creditors of said association, are therefore hereby notified to present the
Co.,
nBST MOhTGAOK LOANS UPON IMPROVED
I.
The Corbin Banking Co.
LATTBBNCB, KANSAS,
Offers to Investors the beat securities In the market.
CUSTOM HOUSE STREET,
FIRST
Sec.
The Board
80th, ult.
GBO. M. NOBLE, 8eo
T. B. 8WEKT. Pres.
Is the oldest and largest institution In Kansas,
ClTlng exclusive attention to the Negotiating of
CHOICE FIRST MOHTGAGH LOANS at high rates
Of Interest. It baa negotiated over 97*000,000
of these loans for Savings Banks, Insurance Companies, Estates and private parties East. Bend tor
Managers,
THE
in this
Eemlttan.
Choice Mortgages on Im*
proved City Property.
27
SOLD.
See Quotations of City Railroads
Bank and
P. O. Buz
Stocks, Insurance Stocks,
Special attention given to
4-0
for particulars.
That properly negotiated first mortgage loans upon
improved farms in amounts not exceeding ono-thlrd
CITY RAILWAY STOCKS
GJ^AS STOCItS,
Safe Investments.
7 PER CENT BONDS and MORTGAGES
TRUST CO.'S STOCKS,
NKGOTIATKD BY THI
TELEGRAPH STOCKS,
First National Bank, Corning:, Iowa.
/^
and examine or write
MORGAN & BRENNAN,
7
Prompt and
and
V-»OlleCtlOnS-*'""^'="on8paid.
ces on day
Gold.
Oyer Seven Million Dollars negotiated -without tbe lioaa of a Dollar.
PaOVIDEVCE, R.
5B0. H. Pbintiss,
Member N. Y. Stnok Vzohanca.
DKALIB
Minneapolis, Minn.
We bare on band a choice selection of Seren
Per Cent Real Estate Bond and Mortgags
IN.
Ransom. Cashier.
<niolce first mortgages In the beat Farming Districts
in Iowa, Missouri, Kansas and Nebraslca. Interest
paid at jour own homo in N. T. Exchange. Twelve
years' experience In loaning for Private Investors
4uid Trust Funds. Send for circular giving full particulars as to loans, references, etc. Interest from
date of receipt of money.
Chab. C. Nohton, Cash'r. Lew B. Dahbow, Fres't.
Kef er to
Oilman, Scks & Co., Bankers, N. Y. City,
Mbbchants' National Baxk. Chicago. Illinois
Mortgage Bonds.
BROOKLYN SECURITIES
DBS MOINES, IOWA.
Capital,
Stocks and Bonds
AND ALL EOTDS 01
Merchants' Nat'l Bank,
4?ondence.
7 Per Cent Gold
Call
Farm Mortgages.
cent Debenture Bonds, secured by three (3) times
their face value In Guaranteed Iowa Mortgages. All
For particulars or
eecurlty personally inspected.
ENGLAND MOBTreferences address the
QAQiC & INVESTMENT CO.. Des Molnes, Iowa.
'^ixmnci^xL
LoanR. Principal and interest payable in
AND
Street Railroad
XL
B o IV
DEAI.BR8
i:>
s.
Branch Offices:
Philadelphia, 132 South Third Street.
Albany, N. Y., 65 State Street.
Providence, B. I., Vi Westminster Sti
Saratoga, N. Y., Grand Union Hotel,
i
.
.
.
0inittttoal((f
ronirie
AND^
HUNT'S MERCHANTS* MAGAZINE,
BEPRESE>mNa THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATBa
VOL.
SATURDAY, MAY
40.
NO.
1885.
9,
1,037.
The following statement exhibits th« exchange* at all the
Month of April and since January 1 in the two
cities for the
The Commercial and Fisancul Chronicle w
years with the percentage of increase or decrease in 1885.
publisfted in
Neu) York every Saturdag morning.
(Eotered at the Post
Terms
of Subscription— Payable in Adrance:
^10 20
For One Year (inoladinK postage)
do
For Six Months
Auuual subscription
8ix Mos.
du
277,801,,786
Providence...
0,397,,377
4.509,,203
4.079,,206
NEW
Pltt-HbOTK
Baltimore
CLEARING HOUSE RETURNS.
_r9!
-30
2.961,.367J
2,096,,49S
721,993,401
112.637.700
200,790.281
90MI931BI-M4
18«,T023(n ---^
-217
1,035,421,382
1310310.033 -81-0
B.126.5H4 -7-4
42.074.200 —IS-G
6800109,978
707.608.961 -11-3
15,0i9,6T»| -16-4
()«,728,B«4
40,164,6II»
68,886^
0,149,368 -19-4
0,214,863 -12-1
80,152,514
28,tS7S»
-»9
30,ff49,2Vt
83,778311
-8-S
-1-5
30.111.096;
—43-5
— 13-S
5.<J,.S20,314
48,262,683
5».8e8,201
388,386,237
264.897,735
184.327.862
36.347.8.50
12,7I0,H4~i
)«,70S,_„
10,036,851
4,936.-*t2|
»,10-.i.a68|
1885.
New York
t4U,61I314
1884.
$863,711,696
1886.
-43'*
•484,331,721
-7-0
-0-6
21,689,960
13,011,209
"265,558,229
2fll,7U0,563
-9-0
1,006,187,868
l.U83e«,Sl« -10-8
71,640,893 -0-0
3,148,515 -8-1
37,535,910 -26-5
245,544388
10,488368
888,580.614 -14;»
l!l3aA,784
143,206,498
108308,778
72,»l8.071i
ai.!IO2,70«
4»,7D830»
64,743,898
2,892.866
27,978.530
—4-8
10,9^8,0491
17.17fi.891
12.895,613 +334
0,118,04d -16-6
Memphls
-38-6
(1,129,1411
(-572)
(293,000)
(-40-7)
(-S26J
(-641)
(40,006,000;
(-64-5)
-12-1
+10'6
-B'l
$65,239,783
+2-7
-12-8
-18-4
(46.43.V00)
(P«(roleut».J>Mt.)
(36.584.000)
(101,83»,000)i
164.349,478
$73.188,St7,
Boston
(617.500)
4,85«,IXI0
4,395.080
Hartfoi-a
14500.51H
1AS1.0751
New Uaren
ProTldenoe.H
..
1.003,336
1,123,477|
836.341
83S.147]
-0-3
Woreemwr
739.433
624.401
383,340
844.624
653.412;
12'S
-4-4
526,2351
1.357,217
— ;0-7
Portland
8,5711,000
SpriDKfleld
I>owalI
Total N. Sngland
1
since
January
-14-5
+1-4
or
-2<-S
741,037
674,903
478,580
-10^ Stock -Sh'r's
ValUf
4.488.216
t421,854,«)0
Rlt. bonds.
+00 Govt bond;*.
$^3,9i 16.41)0
t847..'W0
$493,5(10
»40.01I,T92
$38,393,300
-31 S
$41,340,164
6,420.941
11.347,313
7,018.149
Baltimore
10,953,536
13,8S.545
—43-4
-20-8
10,914,730
-20-6
-45-5
-8-9
$57,380,209
$83,571,158
-31-3
$99,273,043
-230
$47,795,371!
$3fl.08ll,»42
$43,625,936
.
8,42.-1.800
0,918.650
Milwaukee...
5.433,308
4,205,980
2.817.1528
2,726.333
t.48».477
lj<e3.«43
1.993.173
77
774.199
1,528.33.5
964.737
—lB-8
7t6,I88
$69,418,082
$78,911,637
-13r(y
$00,908,330
-9-3
-«4-3
-94-7
-25-0
$14,51.3.164
4.239.990
3,877.328
+260
809,007
855,922
$80,997,293
$33,40S.(MS
$11,105,242
$11,056,495
$684J!UJ25
tl.'4 7.'; 89,948
Fomr MmOit.
Aprii.
ActwU
State bonds.
(itiantitji
Arer\t
Par Value
Adual
Ar*r'g4
Volu*.
Par Valiu
+0-S
4399,267
$16,196,010
827,090
8.277.406
e.8a8.61«
4.0I5,18«,T23' 4.548.558.288'
Price.
or QvMntity
Vohts.
PrtW.
-269,6: r.isa
I
$17..'S10.l»48'
tmA.MH
t,•,^ll.•^47
64'
»1
730
117-4
40-8
89.671.034 13,'«,«««,U7
•84
1i??I:»^j24:j«
$.3,B77:90(«
$1,755,800
$4,25488
fW6.71»
-0-5
$14,615,545
628,375
6,231,108
-10-9
+5-1
-15-7
—13-0
+3-6
1,015.055
-14-8
-15-1
+Z9-2
+3-8
-81-5
-6-0
-17-4
+3-8
-2S-«11,9SI,187.616;i6,875.«B«388
Description.
.
FltUburg
181 ,884388
1.
-30
$73,872,521
-IW
187,349.481
.032 4!V<.«'^S
-lis
—10-6
046.828343
continue our compilation of the transactions on the
principal New York Exchanges, giving the sales, value and
average prices for the month of April and the four months
713,821
$83,1S(I,89-
662,663,740
We
1,067,840
$71,295,920
84,686,470
95
2.900,488,631
Ont«i(lB N. v..
7«3t 1.440 -8-0
2>l3e8,718
151,266,053
4fl,277,10S
all
1938«.6«0 -18-4
42,943,31 +12-4
5,107,2901
San Francisco.
(36.601,500)
(533,400)
Citr.-
135,872,450
(-18-9)
(-13-3)
(S,»76.9M)
(717,358)
.
213103W
-68
8.1'.n',29S
Tot. South...
(29,136.000)j (+59-4)
(SUKla....t1iaTu.)
iOotton. .. .bales.)
{Orain. .bxuhels)
«2,a»43>S
8.388,809
18,»TA488
Total
148361,800
5,700.18)1
Per ant
Sola of—
-7-«
3.3«B,038
Kansas
2S.
217,198.117
1
1
Week EnMtiQAvr.
-r»
138^•^•3U -»•«
229,107,722—186
Louisville
Week Bndtnt May 2.
iH.4sr7.447;
7,824,0113
186,-S4.00«
Our fivp-day statement of clearings published last Saturday Chicago
indicated a less volume of clearings for the week ending May 2 Cincinnati
than during the previous six days, but increased transactions Milwaukee .,.,
Detrnit
during the remaining day at New York and other points has Indianapolis..,
Cleveland
brou'i;lit the total for the week up to $684,714,125, or $1.5,377,- (?olumbus
039 in excess of the preceding week. But making comparison Peoria
with 18S4, we have a much less favorable exhibit, because of
Tot. West..,
the large gains made this week a year ago, the aggregate
St. Loula
increase in clearings over the previous week in that year being St. Joseph....
New Orleans.,
nearly $200,000,000.
733914,500 -1 1-4
80,0«ft.«M -1B-*
-5-2 1,223,604,292
334,187,664
ToUMIddle.
l,tl83l8,'l)W^ -4-1
69,108,660
28,877,668
17,889,992
14^662.901
11,781,618
12,201,080
14,810332; 4-0-$
13.446,089 -l»'4
13,060,003
8,446,290 -7-«
S16,69i,857l
—
\P.Cl.
1884L
7,«e«^,8«e ia.i«8,iae3M|-an
-11-81
7,214,
4,118,
3.8M2,
4 4-8^
3,749,,012-12-1
3,134,,660, -6-5;
2,120,,786' -1-1
.S,291,,4701
ilantki.
I.0a8,47M<l6
291,677,
17,750.
16,,352,,500
Hartford
New Haven..
Portland
do
do
£l8s.
Tliese pricos Include tlie Intestors' Supplement, issued once in two Worce-Hter...,
montlis, and fumlsUed without extra charge to subscribers of the SprlngSeld...
Loweu
OlIbO^ICLK
Co., Pabllnher*,
wrrti'iu n'niMA ) 'WIIitlAin B. DANA.
Tot. N. Bnis,
'»
81 William Street,
YORK.
IJ^Hi n FLOYD.
I
/OHM a. pinvY.
p^^^ OFFIUIS BOX, 95S.
J
Philadelphia.
&
1889.
1,867,988,743 2,902,330,228 -3B-fl
Boston
7s.
P.Cl.
1884.
New York.
6 10
£U
la Loncion (iacludlnz postage)
*
Aur
ApHl.
New Yor^ N.T., as aooond olasa mall matter.]
Ofllce,
PhUadelphls...
Total Diddle.
Chicago
Cincinnati
.
.
Detroit
Indianapolis
-Cleveland
,
Colqinbiu
Peoila.:..j...
Total Western..
Louis
8t. Joseph
New Orleans
LoolSTlUe
Bt.
KanusCttr
Mumphls.
Total Bonthem..
BanPnuiclsco
Total
all
Ontsldc N<>w York
New York
1.261,?
$i?92r078,262
7,422, 1 r.O
2,751.333
2,818,423
1.136,610
1,800,803
1,187,031
579,201
048,453
-3-3
+49-1
-9-0
-lS-5
$30.30«,B:«
+6-1
+0-4
$10,641,499
+19-8
$669. 337,096
-&1
193.152,-»'«I
i>l(l»,-7rt,:!49
Total value
79
350
i>»7.l-O,'',S0$6611
88c.
I
$713.799,8371
1886.
Snla of Utoch
Boston
$429.'281.&llj
46,778.28
94388
10,004,808
-s:-s
(-4»8>
-8-0
-19-1
-8-1
1880.
$880,800,073
(•«i3a*>
ga.4si3«
0308,786
PwOmI
"^80-7
t-7»»
-ISS
-ai-s
-«4-a
S43S4.00S
-18D
734*308
-2li-8
6,0V,ia3
-I4*
-atn
-«I 8
-8-8
$4»4,8n3aB
B0.S78,«7»;
$869,444,788
B8,CST,«0«
-«41
$88C,07«307i
»»46.45-J.18«t
SsUmated ob
16.109.868;
6301 .38»{
York'
41,038,000'
18.84l,44»
Touiali
$
68,'
Per Ont.
48381,000
Total
Balance, Coancrr*
New
<8,46e,lSS)
B,8I9.C65{
Orleans..
Outside
(1.391,4<:7i
S7365.6«ol
..
Baltimore
ChicoRo
8t. Lonia
New
1884.
$680,853,888
66.0-.i<i,987
(tAs.)
Philadelphia..
Stock Exchange share transactions reached a
market value of $41,5S3,000 and $184,372,000 respectively in
4ho two years.
$-,r.-^ i.';;i.OHOl
-121 New York
HT«
$233,002,'ot8
$94,.90
19S.M:t.no<i
1.7H3.4flo
For the five days ended this evenins;, the exchanges, as received by telegraph, sxbibit a decided improvement over the
same period a week ago, the aggregate increase in voluine
cities partici-180 being $105,993,053, in which all the important
-8-1 pate.
The comparUon with 1884 in consequence is also more
-2«ro favorable than on May 1.
-2-2
rtvtI/yMnd'iMat 1
Five Day Endlno Mot 8.
8.799,052
3,063,415
'
»l 10.85.3,1 17-a
8to<-k8.
Pe'r'i'm.bbis
Cotton. bales
Utain...busb
6,806.697
-IB 7
Bank
$020.541.880
-8J-»^
$»1«,170346
$8Sa.fl87,l(a4l~^T6
the basis oX the met weekiT ittorat.
ii,4ai.'
M.48ai8as
iUUM^Wt -
—
THE CHRONICLE
552
Speculative confidence in stocks and breadstuffs weakened with the more peaceful news from abroad. Opera-
THE FINANCIAL SITUATION.
The sudden and generally unexpected change
aspect of the dispute between England and
worked a very considerable change
We
[Vol. XL.
in the
Kussia, has
in opinions as
to
the
tors in breadstuffs
found some assistance in the unfavor-
able crop reports, but probably
state of the markets.
So
much more
in the oversold
also in stocks, the latter condition
has been the chief support of prices.
Even, however,
under present currency con- with such aid as this could give, the tendency during most
could be of benefit to trade in this country. And of the week under speculative selling has been decidedly
ditions
a in the direction of lower figures. While political relations
yet the prevailing belief did not accord with that view
the loss of abroad were in a state of extreme tension, operators for a
hope, bom it may be of desperation, existed,
which has left very many of our leading markets with a decline refrained from making any attack, but with the
much flatter tone than was apparent a week ago. But more peaceful aspect of affairs free selling began and with
other than that, nearly all conditions remain as heretofore. the result stated, though with daily recoveries. The moveEven with regard to the crops, there is very little that is ment early in the week was chiefly against the Granger
what are known as the
new. The season is still backward everywhere an unu- stocks, but later against
As is well known, the managers
sually cold wave with snow and ice being reported in the Vanderbilt properties.
Northwest as we write though there may be nothing of the former lines are engaged in a bitter war of rates.
unfavorable in such conditions if the summer proves an They were to have met Monday to consider the situation,
average one. Yet the start in wheat has been so disap- but through the absence of President Cable of Rock
Since then the
pointing that a disposition exists even now to accept a Island the meeting did not come off.
gloomy forecast of the corn prospect, because planting has reports as to a settlement have been various, but Thursday
been so much delayed. That only serves to indicate the afternoon and through Friday the belief prevailed that an
state the public mind is reduced to, which looks forward arrangement had been or was about to be effected, and
business outlook here.
expectation that a war
—
— at
never had any faith in the
least
;
—
—
months to find a basis for an adverse assumption. Tele"
grams to-night show that cotton is developing finely.
Increased caution has been further induced by fresh
We have remarked
anxieties respecting bur currency.
consequently the stocks
The attack on the
recovered.
Vanderbilt properties was based on rumors that the net
earnings of Central for the quarter ending with April 1st
were only one-half of one per cent and that traffic returns
upon one phase of this question in a subsequent column, for Lake Shore and Michigan Central during the same period
and give reasons there for believing that the public is were correspondingly poor. These rumors were so positively
unduly disturbed. Of course, the further advance in asserted that they were generally accepted as true, and as
sterling exchange naturally increases the unsettled feeling. a consequence the effort to break prices w8s successful.
New York Lake Erie & Western securities have likeBut it should be remembered that the banks are very
strong that they could easily bear a foreign drain of 20 mil- wise been weak and lower, under a variety of adverse
;
lion dollars or more.
And although one
the folly that thus drives capital
when we
cannot but lament
away from
us, at
are in the depths of comrhercial distress,
evil,
and though
they must suffer with the rest, they are at least not the
cause of it. Could our people only learn by this experience
the
unwisdom
interfering
money
in its
by statute, or
any way with the natural movements
of attempting to fix values
in
work
may
be favorably
;
Bank
rate inevitable.
our existing currency derangements,
much
reliance
to
it
will not
upon natural corrective
Still,
do
forces.
&
on Chicago
suit
Atlantic
begun by the
notes,
attempts
wrest from the Erie the control of the Cincinnati
&
Dayton, renewed whisperings of animpend-
Hamilton
by the subsidence of the war spirit and the more
The first result looking
peaceful aspect of foreign affairs.
in that direction has been a decline this week of ^ per
cent in the Bank of England rate and a fall of discounts
in London to 1^ per cent and of the allowance on deposits
with notice to 2 per cent and below that on call. Besides
that, the Bank of England is in no want for more gold,
as it has a larger amount of bullion than it has held at any
date since July 1881, while the influx was ccinstant and
largest when political affairs were most disturbed hence, if
there is no hitch in the Russian settlement, the stagnation
yi commercial affairs in England would seem to make a
too
Marine Bank
all been used against the property,
under which the price of its securities has given way.
As
exchange
between the
ing receivership, have
affected
further reduction in the
ments between the two roads, the
of
of effecting exchanges, the experience
foreign
difiiculty
against the Erie to enforce the execution of certain agree-
of
would not be dearly bought.
It is possible that
TJie
new management and Mr. Jewett with regard to the
yet our Chicago & Atlantic, the action brought by the latter
readers have the consciousness of knowing that they have
fought faithfully against the encroaching
circumstances and rumors.
a time
with
to put
the
receivership,
it
appears to lack the essential
circumstances, time
must be left to determine their importance and effect.
Whatever their outcome, however, it is satisfactory
income
company's
current
that
the
note
to
are becoming
more favorable.
least
statements at
The return for the month of March has been issued this
week, and shows that after allowing for the Pennsylvania
& Ohio lease, the net this year was $364,137, against
$212,628 in March, 1884, an increase of $151,509, thus
as
to
the other
reducing the loss on the six months' operations to only
It is true that the result was unusually poor a.
$72,798.
year ago, thus depriving the present gain of some of
its
and yet the fact that there is improvement
that the company is doing better at least than it did at
is a feature of encouragement in times
this time in 1884
significance,
—
They Uke
have even now a certain influence; but at present it is not
the rate of interest that controls, as there is no great difference between the markets; it is not a need for gold, as the
Bank of England is unusually well supplied; it is not the
to
basis of fact, while
these, for it offers the
hope that the lowest point of
depression has been passed, and that the tendency,
any change occurs, must be
rather than lower totals.
prise that the Erie should
It
in
the
may
show a
direction
where
of higher
perhaps occasion sur-
gain,
when
the Pennsyl-
found
in the
vania shows a
and lim- very heavy decline that the Erie had previously sustained,
To
iting their action, the fact that we have undervalued gold, so that we are comparing with very small figures.
in trying to make a cheaper metal equal the better, and so bring out that fact we annex the following exhibit of the
balance of trade, for that
is
is
decidedly in our favor; there
imf ortunately overshadowing
the better
all
all
loss,
but the explanation
is
these conditions
the time has a tendency to leave us.
company's gross and net earnings for six
years.-
, .
.
Hat
THE CHRONICLE
1886. J
0,
»
M. r. I.AKK
1884.
1888.
l.aM,!MS
*
1,177,SW
8
i.eue.osB
ij)«7,fl;<8
8
1347.881
MareK
8ro« aamlDii.
.
.
.
against $1,381,040
1885.
& WRHTKHM.
1880.
8
I
l.a44.«S8
Opumt'g »zp«nn«.
IJ8S,0MI
»4S,8»1
1,188,038
1,084,»U
1,143.108
801.084
Met earnings...
LOM on N. r. P«.&
Ohio loaae.
387,158
884,001
507,018
478,688
701.008
741,838
-83,018
-81,878
884,187
818,688
507,016
478,888
704,008
748,838
rsM.aao
8.808,107
(),41A,7«1
8,884,881
6.»«7,08O
8.808.880 t^1 40.600
8,88«,II7 6,833,150
8,821.884
6,374.4S»
2.830,401
8,488,408
8,887,866
8JW3313
8,098,018
4«,811
-178,888
8.838,8 18
8.808.410
.
.
Bosult.
AprO
Oct. 1 (0
I.
QrtMS eamtngi.
.
Opermt'g expenses.
Net
earnings...
Loss on M. Y. Pa
Jt
Ohio
lease....
Result
Thus
5,788,815
8,505,850
8,887.66«
afiKSX
8.583.818
8.058,018
year are smaller
this
than in any other year given, with the exception of 1 884,
and we may say that with that exception similarly small
contrast with other recent years
most
is
progress of the road has been in recent years.
Atchison Topeka d; Santa Ft presents a March statement
of earnings not materially difTerent from that of the
months
immediately
off
preceding.
Oross earnings hare
and expenses increased, so the^net rans much
behind that of a year ago.
that the decrease in net
January
or
$171,550
in the latter
is
February,
It
to be noted, however,
is
not so heavy as
being
only
it
was
in either
$97,286,
month and $158,378
against
in the
former
The month. The reason for this is found in the fact that there
For in- had been no such gain in March a year ago as in January
striking.
was $1,847,261;
was $742,932;
For the six months ended with
it is $387,153.
March the company is behind even last year, though only
stance, in
1881, gross on the Erie proper
now
now
only $1,269,249.
is
and the aggregate of 16,233,609 for 1885 compares with
only $3,760,918 in 1881, which shows how decided the
only be found by going back to 1878.
totals can
it
now.
For the qnarter radwl with
March, the total ($2,743,158) i« not quit« op to that of
1883 ($2,897,586), but otherwise ia the largest on record.
The gross, on the other hand, has never been exceeded,
fallen
March both gross and net
for
fifiS
slightly, as already stated
Net
in 1880
—namely, $72,798.
how-
This,
and February of that
parison
with
and consequently the com-
year,
favorable totals in this respect.
This
year will become an even more important
circumstance in later months, for, after March, as we
change
is
less
last
showed
in a previous review, there was a very heavy
oS each month, and henceforward, therefore, onr
Erie proper there is a loss of $259,005, the Pennsylvania comparison will be with totals last year diminished, and
& Ohio leased road having returned a profit of $6,211 not increased, in amount, as in January, February and
this year on its operations to the Erie, while in the pre. March.
The following table will aSord a comparison of
Tious year there had been a loss of $179,996 in operating results for four years, both for March and the quarter
But whether we include or exclude the Penn- ended with March.
the same.
sylvania & Ohio the net result for the six months is smaller
ever, relates to the results
than
in
On
on the whole system.
any other year given
in the
above
table,
the
without
falling
Atobisox Topiea & Santa Fa.
Miles
exception.
Chicago Burlington
Quincy has already retrieved
dc
bad record of earnings
which
for February,
of the publication of the return caused so
time
the
at
its
March.
Oross earnings
Operating expenses
unfavor-
8^19
1888.
8,818
8,188
t
«
8
1,846.185
1,404,056
1,415,514
1,288,618
716,638
877,884
885,161
811.818
638,476
Net earnings
much
1834.
1885.
2.374
8
786,788
780,838
477,714
Januarv 1 to March 31.
Qroaseamlngs
Operating expenses
3,526,980
3.749,494
8,914,848
In referring to the fact that owing to the
sjm.ies
2,010,673
1,830,301
1,848,488
February the company was $232,000 behind 1884
1,586,880
1,188,448
Net earnings
in the net for the first two months of the year, we remarked
that it should be a comparatively easy matter to make good
On the quarter's operation, therefore, the Atchison has
that loss in a single month under the increased production lost $427,216 in net as compared with the previous year,
This is precisely what has happened, and $80,483 as compared with 1883, but is nearly
of corn in Iowa.
able comment.
loss in
and
for the
gain of
the year
month
of
$297,223, so
is
March the company now
that
the net for the
$64,761 ahead of what
was
it
first
reports a
quarter of
in 1884. In gross
$300,000 better
oB.
than in 1882.
The
decline in net
is
the result almost equally of a decrease in gross receipts
and an increase in expenses. As to the latter, there has
been an increase simply because in the previous year the
wholly the result of a very heavy augmentation in expenses were exceptionally small. This is not true, howfreight receipts, for passenger receipts have again decreased, ever, of the subsequent months of that year, so that cir-
the increase in March was over half a million dollars, and
this is
This augmentation in freight cumstance will not play any part in the returns hereafter.
The loss in gross is in part due to lower rates received
as in the previous months.
was $524,177, or about 33 per cent. The Burlington & Quincy has a superb local traffic, which this year
under the heavy yield of corn is proving, as it always has
proved in the past, a great stimulus to the company's earnings and traffic.
It is this circumstance that has enabled it
^how favorable it is
to make the present favorable showing
will appear by the following comparison with previous
and business depression, but chiefly, wa understand, to a
holding back of grain by Kansas farmers who want better
prices for their cereals, and are not forced to sell, as some
The grain held back, howof the farmers further East.
ever, will have to come forward sometime, and this, therefore, is an additional reason for anticipating a better com-
years.
parison for succeeding months.
receipts
—
Cnic. BOR. AQoiscr.
1885.
1983.
1H84.
Hatch.
»
Jan. 1 to Hmr. 31.
Oross earnings
Operating expenses...
1,510,217
1.4IS.14S
029.2(XI
752,888
1,367,465
087,017
~665,«86
5,725,262
8,04U,8a5
5,«33,88«
4,eS2,351
S,7iW.ai8
2.783,700
3,868,421
2.170.719
2>tll7.5'ifl
3,J00,:BI
t
2,398,584
1,029.110
1.084,717
6.833,509
8
1.021.311
Net earnings
1^18,080
see that not only
larger than in 1884, but
the
total
then over 1882
Bankers' balances remain nominally at I® 1^ per cent,
and yet the domestic exchanges at interior points still
1.5X1.168
Net earnings
when
IBB I.
2,100 028
Qross earnings
Operating expenses...
Here we
1882.
it is
is
the
a
trifle
March net
movement of money to this city. 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.
favor the
ir««lte)i<Jln«ifo»8,1886.
materially
less
other words, the present March total
large, the increase
than $730,000.
In
»»*».
SM|V«IAf
.V.
yittnUrttr
r. BmJta.
S8.188.000
Gold
1800.000
7S.O0O
Oaln. .•1,817,000
78.000
Loes. .
83,188.000
»aeo,ooo
OaIn..»l54l*>8
„
Total gold and legal tenders
In
unexcelled.
BteHTfitm
s. r.
heavier than in 1883,
was unprecedented ly
having been no
$
is
both 1882 and 1881 the net was not half its present
amount, namely only $637,017 and $665,286 respectively,
The above shows the actual changes in the bank holdingi
and from
of gold and currency caused by this movement to
the interior.
In addition to that movement, the banks hare
.
—
.
.
.
THE CHRONICLE.
?i64
Sub-Treas-
tlirougli the operations of the
gained $1,000,000
[Vou XL.
Government had on the
that the
first
March a general
of
we have the
balance of 484 million dollars, with 240 millions in gold,
which should indicate the total gain to the
New York Clearing House banks of gold and currency
for the week covered by the bank statement to be
and a net surplus of 153 millions over and above all
demands; according to the new form the general balancff
on the same day was only 261 millions, the net balance
only 22 millions, and the gold holdings of the Government
127 millions.
The fundamental facts are of course the
Adding that item,
ury.
therefore, to the above,
following,
issued to-day.
Week
endCnti
May
S,
7.500,000
$580,000
6.500,000
Gain. $2,542,000
Gain. 1,000,000
$10,622,000
$7,080,000
Gain. $3,542,000
Banks' Interior MoTement, as above
Bub-Treasury operations
Total Kold and legal tenders
The Bank
of
Net Change in
Bank HoUings.
Into Bankt. Out of Hanks.
1885.
$3,122,000
England reports a gain
of
£111,402 bul-
same
but it required some inknowledge of bookkeeping to work
the former, whereas they are obviously
both
in
genuity and no
them out
of
apparent in the
statements,
little
By way
latter.
of illustration take simply
the gold holdings (the point our people are most nervous
—
during the week. This represents £431,000 drawn about) on the first of each month this year stated in the
from abroad and £319,598 sent to the interior. The Bank new form, so that what belonged to the Government when
of France shows an increase of 18,869,000 francs gold and each report was issued may be seen at a glance
and we
2,648,000 francs silver, and the Bank of Germany since shall find the variations since the first of February not So
lion
—
The following material
4,947,000 marks.
amount of bullion in the principal European
week and at the corresponding date last year.
the last report gained
as
many
imagine.
indicates the
banks
this
7'o(a!
Gold
Gold
.Certificates.
Net Cold
Utld
in Treasury.
May
7,
May
1885.
8,
1884.
January 1
February 1.
$234,975,859 $119,831,150
23".167.9(5| 134.279,530
.
Gold.
Silver.
Oold.
Silver.
March
BaiLk of England
25,325,961
26,980.926
42,881,495 42,632,596 10,895,596 40,220,941
7,662,250 22,986,750
7,074,837 21.224,513
.
Bank of Prance
Bank of Germany
.
$26,343,730
22,299,150
40,426,030
April 1
£
£
211,440,T98j
153,110,220
153,337.530
Mayl
243,162,105!
153.800,090
1
An
.
.
Outstandtng
Held.
Issued.
240,029.8431
.
37,689,990
28,625,290
$93,287,420 $141,688,432
125.l8i.505
111,980.380J
112,633.290 127:346,553
115,647,540;
125,234,800
125,793,256
117,927,395
examination of the foregoing shows that the Gov-
over 125 millions of gold on the
and yet the fact was not very genThe Assay Office paid $53,169 through the Sub- erally remarked upon; whereas on the first of May, with
Treasury for domestic buUion and nothing for foreign the net holdings about 118 millions which is a loss of
bullion during the week, and the Assistant IVeasurer only a little more than 7 million dollars in the three
received the following from the Custom House.
months nervousness is widely felt and expressed.
Total this week
Total previous week
76,916,258 63,857,109 73,883,807 63,207,691
r6.017.9,Sl'63.564,94fi 73,2.'?G.317 S2, 963.91
..
ernment had only a
first
little
of last February,
—
—
Date.
Ihtiie*.
TI.S.
May
"
"
"
"
1
2.
4
$325,468
362,452
403,165
481,271
342,687
273,733
24
09
23
43
$2,000
3.000
3,000
2,000
2,000
2,000
Gold
Silver Oer-
Notes.
Oold.
Oertiflc's.
tiflcates.
$158,000
173,000
179,000
218,000
160.000
138,000
$36,000
52,000
60.000
77,000
38,000
38,000
sure, if we started our comparison with the
January aS some are doing, the outlook would be
To be
Consisting of—
$129,000
134.000
161,000
183,000
143,000
96,000
of
satisfactory; but
there
are reasons
date need not be so used.'
Government income was
January 1884, and being
In the
why
first
less
in this case that
first place,
the January
small, being 2 millions less
than
somewhat less than Marcli
26
6
or April this year, so the month is not in this particular a
84
7.
fair basis for an average estimate; (2) the Government
Total
$2,183,778 09
$14,000 $301,000 $1,026,000
$346,000
disbursements were likewise large, there being interest
^^_
___
payments of over 9^ millions, with one million paid for
THE GOVERNMENTS GOLD RESERVE.
redemption of bonds under an old call, &;c. (3) furThe monthly Treasury statements issued this week, have thermore, the same caution now being used to guard
drawn new attention to Government finances, the Govern- the gold fund was not observed then, the necesment policy, its holdings of gold, and the tendency of its sity not being so apparent; (4) and, finally, in former
5.
•'
also
;
balance to run into
silver.
These are
all
points of interest
years
it
has been customary for the gold holdings to
fall
more heavily in January than during average months,
wear a more threatening look later on. But in view of except when accumulations of revenue to meet large bond
the meeting of Congress in the fall, and the evident calls have been in progress.
intention of the administration during the intervening
TUen another circumstance worthy of note is, that the
months to save itself and the Government and people gold balance even now is not smaller than it has been at
from disaster by judicious management, and thereafter other periods in our history since resumption, and the
if possible through new legislation, the question is we present reduction would cause no alarm whatever if it
now, and
if
the influences operating are not checked,
must
off
trust only one of endurance for a time, with relief at the were not that certain new influences are disturbing curend of that period. In this view an examination of the rency movements. At the time of resumption in 1879
present surroundings will, we think, show that they do the Government only had 114 millions net gold; on Aug.
not warrant the alarming conclusions some appear to 1, 1880. the net was again reduced to 115^^ millions, and
reach.
1) of 1884 it was down
at the same date (August
And first it should be remembered, that there is nothing to 119 millions. The mere fact, therefore, that 118 milessentially new in the situation since the first of March. lions is now touched, or that even a lower figure should
"We are aware that the prevailing belief has been modified be reached in subsequent months, is not evidence in itself
since then, but this change in public opinion arises not that the Government will be unable to meet its requirefrom any material change in the facts, but is suggested by ments. "We do not mean to ignore the new conditions which
the different
mode
of
making up the monthly
reports
by prevent a comparison
of this
kind with any previous date
from being wholly applicable. But what has been said^
figures meant under the old system, while now every one coupled with the further well-known circumstance that the
understands them; hence the actual truth is a kind of Secretary of the Treasury in managing his trust will use
revelation, and a sudden revelation to the general public. every means he can for guarding his gold reserve, indicates
Thus, for instance, it appears from the face of the old form that confidence in his ability to do so, is not misplaced. And
the Treasury Department.
Few
understood what the
—
1
MJlT
THE CHRONICLE.
1865.]
0,
.
la this connection also, a roassurbg feature
—the
t^e present larger bank lioldings
found
is
in
national banks,
«MK
Itcmenber that G3 per o«nt of
city
is
11111
ita
paid through the
caitonu rvrami* at tlito
banka in gold
New York
retuma of March 10 and the and its repreaentatlves, and ia so paid aolely b«can*« tha
banks will not take, and benoe have no aapply of silvar
oa the first of May about 60 millions more gold than they certificatda. About two months since some of thaae iastiheld at the same date a year ago, while other banks havu tutions were, at the request of the then Secretary of iba
This is important not only Treasury, on the point of changing their policy and
about 10 millions additional.
because it proves that the visible supply shows no dimi- quietly accepting the certificates, knowing that thair
nution, but because it puts it in the power of the banks to customers could use them at the Custom Hoosa
Had,
help the Treasury to tide over a temporary stress, should therefore, that plan been carried out, the stream thoa
judging from the
oiBcial
accuDKiIations in the leading cities since, having probably
the occasion
But some
arise.
logic of events
why
— though
silver advocates say
decreasing their
is
fortunately the
number every day
does not the Treasury pay out silver certificates in
larger amount, and so relieve itself
make
New York
'I
And why
banks take them
does
it
not
turned on by the Government would simply have run into
and through the banks into the Treasury again. In other
words, all the Government revenue wouli have been paid
in
silver
instead
catastrophe
the
63
of
would
per cent of
have
been
it
in
upon
gold,
us
and
instead
We
have very of in contemplation as now. The truth is, the position the New York banks have taken on this question is
would do the Government and the people; but now the evil to-day the Government's only safety, and from the moment
has proceeded so far, that facts will answer the questions the opposite policy were pursued, the Government could
for us, and show how impotent such a relief measure not receive a dollar in gold or its repre.sentatives.
Curthe
'/
often explained theoretically the damage such a policy
would be even if it were possible to execute it.
three years the Government has been issuing all of
certificates
it
could get rid
to induce
even paying the cost of the foregoing figures of results positively prove it
But our confidence in the situation is undiminished,
Southern and Western
of,
New York and
exchange between
cities
For rency laws have all along made this clear to those who
cared to think, but finally we have reached a point where
these
their
acceptance, until
commerce have become so gorged
the channels of
that they can
carry no
more, and are therefore emptying them into the Treasury
through tax and customs payments in increasing volume
To
every month.
illustrate the situation
we have prepared
the following from the daily returns published by us each
week of the kind of currency in which the customs duties
at
New York
We include
to
make
have been paid during the
only the
first
three years.
last
four months of each year, so as
the comparison perfect, and bring
it
down
to the
Washington and every effort
be made to bridge the interval between the present
for wise counsels prevail at
will
emergency and the meeting of Congress.
Instead of
forcing out more silver certificates, a decrease in the
amount outstanding will help to increase the payments of
revenue in gold; a withdrawal of a portion of the one
and two-dollar legal-tender notes will tend to make room
for silver dollars or find employment for the large amount
of subsidiary currency now lying idle in the Treasury; a
cessation of bond calls will permit of the use of the surplus for the purchase of silver bullion for dollar coinage with"
present date.
MOSTIILT BECBrPTS OV CC3TOMS DDTIES AT
SEW
out weakening the Government's reserves. These and other
YOBK.
steps
Payments ma/te in*
Total duties
received.
(i.jU.
1883.
iV. S. ITota.
which the Treasury has in contemplation, seem to war-
$
t
Ovid
mmr
rant the conclusion that no insuperable difficulty need be
eertijlcatea.
\
cerUAcateg.
feared in carrying us through to another winter, and then
*
January
1?.57S,23»
63(,000
February....
12,101.071
March
12,447,108
478,000
812,000
eoo.ooo
887,000
601,000
816,000
6.0-26,000
2,820l099
8,8?8,00O
33.544,000
6-3
724
$884,000
Asm..
», 194,301
TotaJ
,|
Per cent In 1888,
4e,40B,7D9
9,167,000
the whole question will be in the hands of Congress.
l,944.fK)0
9,182,000
9,190.000
584.000
«
1,076,000
course, if relief does not
l,6'i4,O00
1,583,000
'.
the calamity which
7,077,000
6-1
I
would be utterly
useless.
j
1000
Of
come then, further attempts to avoid
clearly awaits us,
153
18S4.
JaDoarr
February
11,762,020
12,064,811
17,894,000
8,148,000
(2,693,000
11,488,786
{287.000
253,000
204.000
99!l,000
Mareb
1,280.000
8,937,000
April.
0,&10,822
244,0:10
1,344,000
6.573,000
2,643,000
45.104,448
100-0
9;8.O0O
4,487,000
10-0
28.552,000
1I,03«.IX)0
633
RAILROAD EARNINGS IN APRIL, AND FROM
3.019.000
24-3
'
Total
Per cent
In 1884
2^
2,a,M 1,000
Apr(l
10,298,6
119,000
»4,000
77,000
91,000
11,278,971
..,.
9,977,571
Total.. .
Per cent In 18S5
42,012,399
100-0
3,263,000
3,697.000
2,729,000
3,291,000
4,179.000
2,8! 1,000
4,483,000
8,888.000
1,946,000
3,813,000
4.120.000
371,000
10.456,008
11,71 -,100
14,319,000
81-1
15,565,000
0-9
2i-9
It
30.
can not be said that our statement of earnings below
month of April is either favorable or up to expec-
3378,000
37-
After an increase of $700,000 in the month of
March, a decrease of $900,000 in April is certainly sometations.
what disappointing.
the two months this
difference— only
Theto payment* do not Include amounts paid In sUver doUan, wlilob
whole year.
year.
Here we
'
TO APRIL
1
for the
18SS.
January
February
Man!b.i
JANUARY
showed a
reacli only a few thousand doUara for tlie
payments were only 15^ per cent
in silver certificates in 1883, that they had increased to
24^ per cent in 1884, and now in 1885 they are over 37
per cent, and it is this that threatens to swamp the Treasury.
But one word further. Suppose as a relief measure
see that these
In March
loss of
And
reversed
last
yet the difference in results in
year,
is
— in
owing to a similar
same two months last
largely
the
year our table (containing 53 roads)
in April, however, the table
$930,375
;
(containing 49 roads) showed a gain of $1,254,174.
Hence,
only natural that this year the former month should
exhibit an increase and the latter a decrease, for in the
It
is
one case we have diminished
totals in
1884 to compare
Besides, there
and in the other increased
circumstances in operabanks should accept silver certificates in transactions were some exceptional favoring
between them, what effect in the light of above figures tion on particular roads last year which did not exist thia
must we anticipate? Perhaps the Treasury for a few year, and it will be noted that the bulk of the falUng off
days would get rid of a few more of these trouble- which our table now records occurs on one or two roada
some notes, but would not such payments almost imme- which have suffered a very heavy contraction in receipts.
diately take away from the Government its only source
As regards general conditions, April this year did not
Merchandise traiBe
of gold, United States notes and gold certificates, differ very materially from March.
the Treasury should
now pay
out and the
New York
leaving the silver certificates to be turned back on
itself ?
totals.
with,
was small and passenger
traffic
light
One advantage
-
1
..
..
.
THE CHRONICLE.
656
th&t March had, April did not have, namely, that there
was some traffic that had accumulated by reason of the
severe weather and blockades in February which was
carried over into March, but really belonged to the month
On the other hand, April had the advantage
preceding.
materially augmented grain movement over that of
of a
But the augmentation
the corresponding month in 1884.
was chiefly in corn, and the roads that would profit most
from the larger movement of that cereal namely, the
Burlington & Qilincy and the Rock Island are not in our
—
—
so that as an influence a:Secting our totals that fact
list,
really counts for less than
reference
movement
the
to
In
might be generally supposed.
of cotton at the South, the
were a few thousand bales heavier than in 1884,
but that is really a matter of no significance the movement was almost nit last year, and is only a fraction of a
degree further away from the zero limit this year, as may
receipts
—
be seen from the
em
outports this year were only 74,906 bales, and in
our usual
—
of a completed line (against
preceding) and
many
This year there was no such stimulus to earn,
and consequently a decrease in the same was inevitable and looked for.
Now that it has come, it is perhaps
ings,
larger than expected.
A Alton
Chic* Eastern 111....
CUio. Mllw.&St.Pau!.
& Northwest.
Ohio. St. P.Minn. &0.
*Chlo.& West Mich...
On. Ind. St. L. &Ch..
»Cin. Wash. & Bait...
Clere. Akron & Col
Denr. & Hio Grande.
•Des Moines & Ft. D..
.
.
Detroit Lans'gA No.
ETangv. AT. Haute
Flint & PereMarg...
*Fla. K'y & Nav. Co..
IGrand Trunk of Can.
.
Div.)...
(So. Div.)...
(Iowa lines)
(111.
& West.
&
&
Qalf
C. Ft. 8.
Mem..
C. 8p.
Jjong Island ..........
LoidsvlUeANashT...
Mezloau Central
Milw. L. Sh. AWest..
Milwaukee & North..
Mobile AOhio
Norfolk & Western...
Northern Paeitlo
Ohio Central
Ohio Southern
Peoria Dec.&Evansv.
Kochester & Pittsb...
Kome Watort'n Si, Og.
*St. Joseph & West'u.
Bt.L. A.&T.H.m.llne.
Do do (branohea).
Bt.
Louis Ft.S. & Wich.
Bt.Louis&SanFrau..
8t.
Bt.
Paul*
Duluth....
Paul Minn. & Man.
•Texas & at. Louis ...
ToI.AunA.&N.Mleh.
Wab. St. Louis* Pao.
* Wisconsin
likely,
though, in addition to
Central
. .
Total (51 roads)
..
Miltage.
1884.
1885.
Deertaie.
9
35,318
147,899
313,967
122,903
2,030.079
607,281
10J,547
1,928,000 1,918,636
1,835,800 1,822,165
464,100
567,998
79,610
95,601
197,628
197,822
93,732
99,123
39,631
40,533
438,160
473,349
20,650
19,901
115,869
138.226
60,649
60,470
168,4.54
216,321
53,181
53,936
1,161,983 1,257,611
454,661
480,222
340,472
30^,608
119,403
130,703
169,892
168,111
136,253
115,.571
93,313
58,238
201,711
186,596
1,157,605 1,125,291
306,200
244,110
104,853
97,383
48,801
45,335
126,537
167,790
196,001
198,468
873,105 1,441,514
66,879
86,236
38,809
39,599
51.016
612,555
81,162
90,679
151,476
132,957
66,755
58,987
84.395
104,912
.54,721
71,133
19,379
33,801
357,124
363.489
65.193
83,360
801,999
707,800
54,908
49,192
20,563
17.100
1,114.488 1,187-,14I
80,280
86,259
37,354
172,I4S
677,000
92,221
1,733.000
580.025
116,804
17.466,84; 18,112,743
1884.
S
+ 2,036
88
88
990
821
+333,033 2.794 2,033
-30,687
490
490
—295,079 2,802 3,004
-17.256
819
849
281
251
+ 8,317
—20,636 4,801 1,770
+ 24,249
+ 13,635
—103,898
—15.991
-191
-396
-902
-35,189
+ 749
-22,357
3,843
1,318
3,761
1,307
413
342
281
413
342
281
144
144
1,317
143
261
146
361
518
+ 179
— 17,867
-755
1,317
143
261
146
361
500
-95.628
-25,558
+37,864
-11,300
2,951
2,800
953
711
402
+ 1,781
+ 20,685
+ 35,105
+ 15,115
.532
389
2S2
352
953
578
402
532
389
282
352
+32,314
2,065
1,236
2,065
1,100
486
389
221
528
502
2,453
212
128
254
294
417
252
195
138
182
815
225
1,397
221
528
+ 62,090
+7,470
+3,266
-41,253
+ 2,467
—568,409
—19,357
—790
—11,539
+9,517
+ 18,519
—7,708
—20,517
— 16,709
+ 15,575
—6,365
—18,167
-97,199
+5.116
+ 3,163
—72,053
+ 5,979
502
2,449
212
128
254
291
417
252
195
138
160
776
225
1,387
735
735
61
3,549
411
61
3,647
441
-915,895 45,513 44"l49
Only three weeks of April in each year.
Four weeks ended April 25.
{ Not including ludian.-vpolis Decatur & SprinsBeld
It is evident at a glance that the
of the present loss in earnings.
Some such circumstances
St.
that
must
as these latter
also
have
&
Paul
we
Duluth, the St. Paul Minne-
& Omaha, and the Milwaukee
more or less of a falling off in earnings.
all have
& Manitoba,
Paul,
the St. Paul
the figures of grain receipts at the principal spring-
— Chicago,
Duluth,
wheat markets
ticular roads the
comparison
is
total
here has been
so as respects these par-
unchanged.
On
the other
the Northern Pacific reporting the extra,
ordinary loss of $568,409, and the Central Pacific a loss of
—together
$863,488.
The
not
is
offset it
tion in trade are also to
earnings of
Iowa roads
all
— in which
State the increase in
—
pronounced but in point of
while the Des Moines & Fort Dodge has a small gain,
fact
the Central Iowa loses very heavily, and the Iowa lines
the yield of the cereal is
so
of the Illinois Central also suffer a loss.
Cedar Rapids
&
accounted for by the increase in
We have
other circumstance.
to the
warfare
The Burlington
Northern reports a gain, but that can be
its
any
mileage, without
made no
among Northwestern
reference here
roads,
under which
cents
rates on all classes of freight have dropped to 1
and Omaha and Chicago
per 100 lbs. both between Chicago
and St. Paul first because the trouble did not break out
—
towards the close of the month, and secondly, because
is not certain that the reduction made would count in
till
it
gross receipts on
is
rebate
added
is
all
to
have it that the
form of a rebate and that this
expense account rather than
roads, since reports
given in the
reduction
the
deducted from the gross earnings. To show the influence of
the grain movement on Westernand Northwestern roads,
prepared
the
following table
in
our usual
form.
in either year.
The same, however, was
true in the preceding months,
it
and the effects of the general stagna.
be taken into consideration. The
Chicago & Northwestern has a small gain in earnings,
but that is probably to be attributed to the augmented
movement of com. One would think that this larger
movement of com would have left a favorable mark on the
more than
RECEIPTS OF FLOUR AND GRAIN FOR FODR
AND SINCE tlANUAKY
effect of this
on the
WEEKS ENDED APRIL
25,
1.
Flowr,
Wheat,
Com,
OatI,
Barley,
Eye,
(bbls.)
ibush.y
(busli.)
(tltsft.)
(biuh.)
(ftlMll.)
CTiicoflO—
$400,000.
—
shared in the increase, and, besides, this increase is no
longer so important as it was; further, lower rat«s may have
we have
roads and operating a larger mileage, contribute an
increase of nearly
Milwaukee
apparent that there has been any decrease in this kind
of traffic, but it is easy to see that all roads may not have
by the result on two or three large roads.
Thus the Canadian Pacific and the Mexican Central, being
$1295,079
was
—
would explain the amount
affected largely
we have
there
—
From
t
hand,
affair,
publications, in
the grain
apolis
*
new
some
a falling off this year, as reported in
in
traffic on the Eastern division of the road
Dakota and Minnesota which together with the prevail1884 ing depression in business and the lower rates received
W APRIL.
l>ierease or
S
Boet. Hoo9tTun.& W.
•Burl. Ced.Rap. & No.
Canadian Paciflo
Central Iowa
Oantral Paeltio
Bloom.
Very
the decrease ascribable to the Coeur d'Alene
the St.
if JRoad.
*Kan.
•Kan.
we have
observe
1885.
Do
Do
particularly, as
for each road.
1
find.
traffic,
times stated, rose to large dimensions under the
gold fever.
&
ni. Cent,
Passenger
d'Alene mines.
roads in the extreme Northwest, for
Orott Saminat-
ChlcaKO
produced by
traffic
the excitement about the gold discoveries in the Cceur
affected other
OB088 EARNINGS AND MII.EAOB
Cllicaf^o
only a partial line the year
the great increase of
giving earnings, and the mileage on which
table,
\<hey ar^ based,
Kame
dollars the roads reporting
would show a merely nominal decline $82,407. While
the Northern Pacific loses so heavily this year, it gained even
more heavily last year under the influence of the operation
we now annex
|With these preliminary remarks,
XL.
should be noted. Except for that decrease, instead of a
falling off of nearly a million
South-
fact that the total receipts at the
only 65,303 bales, while in 1883 they had been 228,029
bales.
total
[Vol.
4 wks., Apr., 1883
4 wks., Apr,, ias4
Since Jan. 1, 18.N5
Since Jan. I, 1S84
4 wks., Apr.. Tssf
4 wlC3.. Apr., ItiSl
Since Jan. 1, 1885
Since Jan. 1, 18S4
St. liOMiS—
4 wks.. Apr., 1885
4 wki., Apr., ISM
rilnce Jan. 1. ISa'i
Since Jan. 1. 1884
645,713
21)4,4
W
1,887.077
933,405
83,487
318,192
540,418
1,122,356
l,07S,l>-3
4,422.5.59
2,023,449
40M53
2.240.05S
19,022,123
l»,885,0:6
2.341.8661
0,173,S»i
3,086,318
453.379
280,011
3,482.84
1,987,456
24.000
37,740
17B.030
257,450
(IH.7.50
395,005
405,22
,S»2,ill)4
2,116,5,829
440.079
1, (195.905
87,154
U.4\«!,,S2;!l
ll,«08,166
427,508
85,749
217,604
S.074,«52
1,571,203
430.094
545,528
B9,.379
18,'?.42l
18,««8
202.993
1.591.928
96o,044' 1,041,128
119.178
129,447
90,025
S86„509
418.706
2,314.765
1272,180;
S97.81I4
60,2,S6
567.802
ll:2:l,0»4
9,337,728
1.824,i)5»
180.179
7f8,S46
2.267.5621
706.7'
6
2!>.06Q
B4,17B
20,154
190,620
128.125
.
.
.
May
THE CHRONICLE^
1R8S.|
9,
omoa aAainaaa rmnm jamoabv
Taltdn—
0>n%,
4 wkn., Apr..
18%
ll.swo
4 wK.. Apr.
1H»*4
n.iitin
OaU,
Barter.
By.
(hiufc.)
TDlMt,
Jleur,
(btuh.)
(biuK)
301,180
IW4
M.XIS
i,Me.«is
10.4.1S
340,573
7,0T»
127.1 1»
aaian
1.003.7K3
1,189,700
l,S«iJMO
in.noa
11.014
4U,U84
31,380
104.300
«0,873
BInoe
Jiin.
I,
Cl01MlniUl—
4 wka., Apr., IRa.1
18M-I
8lnc« Jiin.
Since lu.
ISiH
1. 18ilO
1,
Pforin—
4 wks., Apr, law
4 wkK.. Apr, 18H4
Since Jan. I.IHM
Since Jan. 1, 1884
DrUutIt—
4 wkt., Apr, 188S
Total of
73,48!)
23.300
02,000
76.343
90.991
90,7001
4n3,3'«)
101,030
908.380
388,083
W8,34l
39,790
830,370
MM
a.9io
1
3-3.135
091,81)0
119,480
B7.B45
1H,850
4,801,r""
4,320,080
731,000
803,010
8,303,140
3,090,048
1,034
300,479
88,830
9,149,799
373,930
8MJS67
18
8.000
000
ni,2on
03,000
00.400
45.1 or,
17I.0IMI
2M.1I.')
aio.tsiKi
206.JIOO
Thus
lAss
1884
1883
1,
:,
1,
in
a'18,09.1
l,ft>i8,lU7
710,063
431,»t1
3,000.140
8,013,000
3,811,907
2.08S,H78
804,909
4331,878
803.804
D.5rj,399 3, 130,000
38.741.402 10,463,904 6,134.575
37,075,747 ie.BS4,1781 4.591,»78
8»,010,8r l,%a81.3;i' 5,8M,910
K10.19H
18,805.01)7
10,308.254
14,788,009
com
wheat and
3,094,373
Sei.OAT
A NorthwMt ...
Ohlo.St.P.MInn.AOouUU
•CUlcaKO A WcJit Mlob.
CIn. In^. B«.
A Chic...
'Otn. Waab. A RaUlmore
Cleve. Akron A Col
Denver A KlnQramle..
*l>(m MntncH A Ft.Dodge
Detroit Lnn.'tinKA No...
Evansv. A T. Haute
Flint A Pero Marquette.
•Florida K'y A Nav. Co.
.
I/.
Orand
IH.I.n49
H:1 1,570
1.05S.4(IS
ljias.797
pretty nearly every port had
larger receipts than a year ago, showing that this must have
Tr. of (Canada.
Central (lil.niv.)....
.
Do
Do
19fl,370
8,103,:
4,7(17,584
Lont; Island
Louisville A NasbvlUe..
•Marq. Houghton
A Ont.
(.'c.ntral
A West'n.
A Northern.
Mobi.e AOIiio
Norfolk A Western
Milw. L.8liorc
Milwaukee
Toledo do not get much of
noticeable that the
roads tributary to those points, and generally the roads in
the territory bounded by the Mississippi and Ohio
Wlch..
St. L. Ft. Scott
S. Fraaolsoo.
St. Louis
Duluth
St. Paul
Man...
St. Paul Minn.
•Texas
St. Louis
KochesterA Pittsburg..
Rome Waterfn AOg...
A
A
A
A
A
rivers and the lakes, make rather irregular returns, a gain Tol. Ann Arb. A N. Mloh.
or a decline being usually dependent upon whether earn- Wabash St. L. A Pao...
•Wisconsin Central
As a rule,
ings were large or small in the previous year.
however, the roads in this section have smaller earnings
now
than
in
1884.
If
we go
further north,
we
find in
7l•8.0.'^e
&73.0S8
14:1.463
l,T3e,mt4
100,403
a93,28S
222,402
600,512
315.674
4,616,573
1,973,712
470,360
762,830
797,614
551,698
•Kan. City Ft. 8. A Qulf.
•Kan. City Si>. A Mem..
Bt.L.A.AT.H.maln line..
Do do (branches).
it is
l,5.^4,o^^
332,><74
l,566,l«96
Northern Paclflo
Ohio Central
Ohio Southern
Peoria Dec. A EvanaviUe
and
500,'il.^
e.H74,00O
e,760,7H3
(lowaDlv.)..
been a generally favorable influence with the railroads. On
In
the other hand, in oats there is quite a falling off.
the bulk of the gain is at Chicago, though St. Louis
corn
Detroit, Cleveland and
also gets a million bushels of it.
it,
Z.4B4,848
(South. DiT.)
tbuUana Bloom. A West.
Mexican
9
iMH.nii
870,773
e,2lo,^7.^
Ji
OhloftKii
t
2.9a5J75
iraii, ao.
1,B90,U7
rlo
Alton
Cbio. it Eimtern Illlnnla
OlltOMIO Mllw. A auFaul
ib,774
Ifll),il03
A W.
A No.
I
I
CAKmuo
10,774
l,i984
"I.0W
66«,9'>g
4.693,178
76,275
1,267,879
353,26»<
180,535
683,668
844,420
2.6S8,263
309,982
143,054
227,010
341,337
482,911
3S3.371
252,203
169,098
1,361,434
277,H91
2,141.550
293,146
35,763
4,887,549
419,097
66,939.265
Total (51 roads)
Net Increase
•
t
i
IMS.
i'
m.
Apr. 18N4
Apr, 1883
Since Jan.
Since Jan.
Since Jan.
HooMo T.
•Burl, rf.rtar K«p.
I'.
(Iilii
! i.'ltO
Boston
<'i';«
hK—
4wk9., Apr.
4<rk9.,
4 wka..
103.380
00
09:),
ISM
1,
BOO
07,188
1,001,374
Road.
3,084
11.785
o.rio
64,470
99,003
975,303
800,090
100,009
40,103
303,408
4 wks., Apr. 1884
Since Jan. l,18es
Since Jan.
saaoo
13,M0
(;
Since .Inn. I, IWfi
Since Jan. 1.1884
4wk«.. Apr,
33,009
00,478
108,437
1,401,401
8,899,801
Dttnil—
A wka.. Apr., 1H8S
4 wk«., Apr. l8tM
Nam* of
13,331
884,340
I8i),4«
1.918.S91
to
(^UJ^.)
t73,8M
Hlno«.lHn. I,l»«
667
66.457,043 3.486,608
482,222
3,004,384
Inoludes three weeks only of April In each year.
April 25.
_, .
To
Dsoatur A SprlagfiMd In either year.
Michigan as poor returns as are to be found anywhere;
t Not Including Indianapolis
Wisconsin
in the lumber industry.
March this time, and though many
reason, depression
Net earnings cover
roads do very much better, sometimes because of increased roads have fallen behind, there are not a few that have im.
Conspicuous amo^g these latter are
mileage. As regards the trunk lines, rumors are not at all proved on last year.
encouraging as to their business, and the Grand Trunk of the Burlington & Quincy, the Louisville & Nashville, th«
Canada above has a further loss this year after a heavy Erie, the Canadian Pacific, and the New' York & New EngIn the Southwest the St. Louis & San Fran- land. On the other hand, the Pennsylvania, the Northern
loss in 1884.
in Pacific, the Atchison and the East Tonnessee are roada
Fort Scott roads noted for their poor returns. Some of all of these we have
"Wichita continue their upward move- already analyzed and others are commented on today in
heavy increase reported
cisco loses a small part of the
the previous year, but the Kansas City
&
and the Fort Scott
&
Southern roads do quite well
ment.
Louisville
&
Nashville
— except
ments has reduced the
totals,
—
particularly
ence of this circumstance at the different points
gathered from the following
BECEIFT3
OP
the
where the cotton moveand some idea of the influ-
our article on The Financial Situation.
table includes all
publication.
may be
OBOSa AND NBT BARNINOS TO LATBST DATM.
table.
Jali. 1 Ut tith. 31.
OOTTON AT 80DTHEKN PORTS IN APRII-, AST) PROM
JAN. 1 TO APRIL -30, 1885, 1884 AND 1883.
Atch. Topeka
Since January
Avril.
1880.
Qalveston
1884.
4,083
187
6,793
Orleans
Mobile
Florida
35,327
1,016
1,0S3
38,940
Savannah
10,88:
Indianola,
Iwleg.
&o
New
Brunawlck, kO;
Charleston
Port Roral, &0
SI
8,098
1,768
5,923
40.100
484
83,700
6,38.'5
2,888
88,817
300
3,933
330
308
10,046
1.500
431
17
8,217
4,766
1,531
2,514
148
680f
0.093
3,780
34,007|
74,906
60,303
228,029!
Korfolk
Point,
118
1883.
8.468
Wilmington
Morehead CItr, &e.
Wcat
The following
companies that will furnish retufna for
&&
Total
0,446
1884.
1885.
63,474
1,417
390,110
49,235
25,436
107,290
1,119
09,418
2,268
10,550
1,600
108,871
41,592
879,919
125,239
821
403.145
53,804
17,467
105,2551
1,403{
1-
1883.
291,141
2,04)
70»,770
93,036
8,982
313,309
800
05,976
153.042
15,935
35,582
8,882
807,282
09.522
1,010,058
1,858,090
80,675
2,U01
14,021
8,200
140,483
A
to
the exhibit of earnings for the four
months of the year ended with April, the statement does
not call for particular comment. It affords a better result
than the showing for April alone. But that relates merely
to the total;
many individual roads report
mgs, some of them in quite large amount
are annexed.
diminished earn-
too.
Full details
A North.—
Canadian PactSc—
1886
18S4
Oiesapeako
A Ohio—
1880
If^l^
Ellial>'.'Leil'A
Bii'sandy-
18-5
1884
Chea. Ohio A South West.—
18S5
1881
(3ilca«o Bnrl. A Qmnor—
i^.:::::;:::;:::"i::::::r.:i »;io8;o«8
Connotton Valley—
1885
1884
Dea Mulnes
A
Ft.
1886
1884
East Teon. Va.
With regard
Santa Fe—
18K6
18*1
Bnrl. Cedar Rap.
1885
1884
1H85
1884
Fort Worth
Dodge—
A Georgia—
A Denver-
1880
18S»
Kenttickr Central—
1*0
1«(4
LonlsvlUe
1886
1884
A Nastavllle.•
•"^
MU.
dutlag which U-. '*•
a Not including the Brat alk days of 1S86,
'"J
arpsna.. were anosaauy
operated by receiver, a;d daring Jaanw-y
al>«>lot«ly mmaiary.
receiver making only «uch ontlaya as w«ce
I
.
THE CHRONICLE.
558
mi
Net
Oross
Operating
Orost
Earnings. blxpenaes. Earnings. Earnings. Earnings.
Memphis & Charleston—
1885
18S4
109,852
111,925
97,680
88,482|
£:j,463
1886
1884
190.956
185.275
188,080
127,739
.
>
'
54.876
57,538
188.737
206.819
111,070
118,880
1,568.523
1.495.511
1,204,386
1,382,913
283.934
259,471
207.4^6
219.821
210,298
134.215
184.083
483.360
482,564
$
351,765
336,816
6.563
107,213
557,131
625,786
143.892
145,927
75,867
87,939
548,842
604,308
224,441
253,943
884.137
212,828
4,255.690
4,559.146
770,602
038,822
720,450
755,120
221,932
109,192
86,076
7B,21S
645.953
848.675
281,438
247,596
254,055
280,431
228.405
182,133
1,276,825
1,271,023
632.956
488,001
+454,474
+489,110
287,138
489,848
1,816,158
2,113,144
518,155
745,937
S.635.374
4,002.627
2,474.265
2.69S.076
1,161,109
1,404,551
6,988.596
11,003.593
2.982.172
3,695,286
280,160
285,402
J5S.0T
163,282
102,883
117,120
690,677
747.887
226.132
350,602
1,919,502
2,188,144
1,292.239
627,263
718,075
5,560,513
6.888,a86
1,870.930
2.115,8j2
1,054,469
1,068,619 def 14.150
1,029,866 dl. 115,201
.
16.5,293
& Western—
Norfolk
1885
1834
JSorthern Central—
1885
.
1885
1884
Penn. (all
burg A Brie)—
Ilii^s east of Pitts-
1885.:.
1884
& Erie—
Phlladelplila
1885
Philadeiphta'&ReadlngV—
lSt5
1884....;
Ptalla.* Head. Coal
ISt*
jgg4
_ ^
i,
'
1,470,
Iron
914,465
^
2,888.880 df 115,187
2,850,264 df 297,644
Bome'Wi^V * Ogdensburg—
134.080
132,751
104,264
87,428
19,766
45,328
331,485
423,487
65,629
73,025
1,975,517
1,985,497
1885
1884
:,
1,264,668
1,275,890
720,949
689,807
6,214,415
5,037,915
1,588,223
1,113,596
82,403
82,494
46,269
50,747
S6,134
209.48'
31,74"
218,980
,
0nion Pacific}—
1885
1884
West Jer«ey—
1886
1884
NAMB.
Jan.
Februfiry.
Central PaclBo1885
1 to JVJi. 28.
t
1,384,619
1,402,571
991.825
1.193,422
372,794
209,149
2,935,375
2,852,350
895.802
417,770
121,388
83,133
51,176'
875.988
29,553
2l>8,004
1885
1884...
£
£
Orand Trunk of Canada—
202,674
274,785
180.351
201,284
38,884
49,903
38,642
43,367
466.252
527,7; 3
69.715
117,802
86.355
93,002
7,474
11,897
80.879
34,398
*
001,679
381,206
23.320
70,801
3,740
4,030
$
283.577
15,829
8,536
Haven & Mllw.—
Gr.
£
Trunk—
&
1H85
1884
Det. Gr.
1886
.
OverlUiuois Central
Over Cairo <Ss Vlncennea
Over the Mississippi Klver, above St. L.
Over E vansville & Terre Haute
Over Jefferson vlUe Mad. & IndianapoUs
Over Ohio & Mississippi Branch
Over Louisville Cincinnati & Lexington
Receipts at Cinoimiati by Ohio River. .
Receipts at Cincinnati by Cln> South'm
Over other routes
222
11,087
14.856
1,276
3,480
156.924
182,308
12,362
18,316
Mexican Central—
125,823
def. 388
»
282.747
181,920
1885
1884
NAME.
Jan,
January.
Southern Paclflc (No.Div.)-
1 to
Jan. 31.
t
42,659
20,189
S
59,963
59,324
42,
20,
102,
166,050
159,158
102.623
1886
1884
1.
1883-84.
1882-83.
287.152
54,406
165,146
76,485
24,973
48,539
80,863
59,812
20,639
71,733
57,957
265,469
134,711
155,530
19,092
36,017
39,336
16,666
40,320
34,035
68,707
79,056
Shipped to mills, not Included above...
8,821
6,247
387,508
21,448
189,075
108,494
26,064
48,42»
56,342
47,368
40,319
68,515
76,965
8.284
118.
120,
274
953,946 1,078,811
231,603
346,908
439,378
51,235
43.684
14,314
100
228
50
13,800
1,160
21,963
96
1,244
754
2,453
310,042
407,220
478,949
578,718
546.726
599,862
Deduct—
Receipts overland at N.Y., Boston,&c.
Shipments between (or South from)
Shinmenls Inland and Southern Spinners' Takings (not otherwise deducted)
1
from—
5,350
13,145
1,113
6,318
1,411
5,867
MobUe
Savannah
Charleston
North Carolina ports
Leaving
;
J
total net overland*
37
•This total Includes shipments to Canada by rail, which since September 1, 1884, amount to 21,043 bales, and in 1883-84 were 18,443 bales,
and In 1882-83, were 34,615 bales.
120,623
86.419
*
4 Chlc-
ChiCiigo
1884-85.
Smee September 1 Shipped—
From 8t. Louis
62,085
82,353
172.544
123,688
1884
Cin. fnd. 3t. Louis
TO MAT
1
894,760
"Northern Paciflo—
"
,
'Louis-
8t!
1884
N. Y. I>ake Erie & West.*—
1885
1884
N. Y. & New England—
1885
1884
-
.
-»
691.612
978.956
•
iJaBhvVchaU.'*
.
t
t
11,572
Uebiie & Ohio—
i
OVEKLAND FROM SEFTEHBER
Jan. 1 to Mch. 31.
March,
NAHI.
[Vol. XL.
RECEIPTS, EXPORTS
AND SPINNEES' TAKINGS.
off from
la the net receipts at the ports the falling
season,
vious
noted
last
April, but the decline
from
last year has not been so
Of the more important ports,
decided as then exhibited.
New
Orleans,
pre-
month, has continued during
Savannah and Charleston record increases
over a year ago, while Galveston and Norfolk
The month's movement
has been only
fall
behind.
103,375
bales,
against 111,755 bales in 1884 and 284,519 bales in 1883,
months 4,666,289 bales,
same period last season and
279,
279,799
Arizona DlYlsionThe exports to foreign ports
5,630,189 bales in 1882-83.
78.098
1S8,
59.367
138.863
1885
69,455
108,
ii:
166.069
78,614
1884
during the month differ very slightly from those for
New Mexico Division—
29,285
291,285
,876
53,878
23,591
1885
13,865
13 ,885
,834
40,969
54,881
1884
April, 1884, showing an excess of only 204 bales; but in
* Including 68 per cent of earnings and entire working expenses of the New
comparison with the corresponding month of 1883 there is
York Pennsylvania A Ohio llailroad.
t Knibriiclng operations of Central of New Jersey In both years.
a deficit of 201,756 bales,_,which, added to the loss from
+ Not inciuclins; taxea and rentals.
1 Expenses include taxes in both years
that season (1882-83) previously recorded, makes the deficit
\ Not including Colorado Division in either year.
now 555,220 bales. The April exports this year are 186,302 bales, against 186,098 bales a year ago, and 388,058
COTTON CONSUMPTION AND OVURLAND bales in the preceding year. The receipts, exports and
1.
MOVEMENT TO
stocks presented in our usual form are as follows.
Our statements of overland are brought down today to
Receipts Receipts KXP0RT8 SINCE SEPT. 1, 1884, TOthe first of May, and now cover the first eight months of Movenunt from since
Stocks
since
79,4'.3
Southern Div.T—
.
1885
1884
274.76.''
118,713
120,838
making the
total for the eight
against 4,706,873 bales for the
:
I
MAY
8evt. 1. 1884 to
.Va« 1, 18t5.
the cotton season.
Sept. 1,
1884.
OVERLAND MOVEMENT TO MAY
'^^e
^rroM
decline
1,
1885.
from the
exhibits a
corresponding month of
figures for the
the two preceding years, the month's total being 51,932
and 89,155 bales
bales, against 80,276 bales last year
463,350
10,773
Indlanola, &c.
New Orleans.... 1,496,655
827,817
Mobile
77.489
Florida.
714,644
Savannah
9.746
Brunswick, &c.
Galveston
movement overland during April
in
is
894,760
Charleston
Port Royal, Ac.
and 1,078,811 bales
ively for the same period of the two previous
respect-
Wilmington
Moreh'd C, &o.
1883; for the eight months the aggregate
bales, against 953,946 bales
seasons.
Norfolk
We8tPolnt,&c.
The
net
movement
the month, however,
for
month
of 1883.
It
in excess
New York
67,215
Beaton
Baltimore
80,463
37,385
is
22,536
is
bales,
but
is
21,144 bales
83, reaching 578,718 bales in
against 546,726
bales
movement
for the eight
preceding years
is
than
in
1882-
the eight months this year,
table giving
months
as follows.
in
of this year
detail
the
and the two
46,560
1,
€h-eat
France.
Britain'
1883.
586,052
8,467
,491,481
250,382
42,742
818,887
155,798
7.470
Continent.
61,126
Total
179,908
11,899
184,211
22,269
152,665
277,878
3,585
I.
227,398
20
313,947 1,250,413
700
43,880
8.585
199,256 890,868
668,593
43,130
May
181,267
14,0U
S
11,008
7,984
412,967
13,629
91,478
12,535
572.030
220.331
105,185
169,565
24,954
47,324
339,135
6.807
51,197
14,040
65,237
1,437
277,687
S5,59J
6,375
11.776
6,283
883,387
35,831
295,817
49,488
556,982
112,860
156,880
58.823
13,895
138,214
469
112,391
3,050
114.749
39,031
6.212
63,411
347,383
6,310
11,418
0,944
2.233,815
364,057
958,349 3,651.021
55.1,898
4,706,873 2,188,170
447,576
874,236 3,509,9'*1
566,037
898,124 1,254,834 4,108,241
6.630,189 2.453.283
Total 1882-83...
• Great Britain exports include to the Channel.
H59.426
Total 1883^84
and 599,862 bales respectively in
Our usual
the other years.
less
Pbl1adelphla,&c.
Total 1884-85
1883-84 of
the season to date exhibits an excess over
bales,
against
total for
The
20,398 bales in 1884 and 27,538 in 1883.
31,992
280.424
behind the figures for
of that for April, 1884, but falls
the same
509.009
6.607
93.484
8,602
545.100
Sept.
Using the
4,600,289
facts disclosed
by the foregoing
statements,
crop which has reached
we
market through the outports and overland, and the
a
Southern consumption since September 1, this year and
shall find that the portion of the
the two previous years,
is as fcrilows.
.
.
,
May
THE CHKONICLE.
1880.]
0,
1884-eS.
porU
R«oeli>ia at the
to
May
188B-A4.
18SB-«3.
balM. 4,6a6.38» 4.706,873 5,630,)Hft
578.718 648,7au 509,882
I
Total receipt*
bales. 5,B4S,007 S,903,n09 8,230,0.^1
Bontlieni oonaumi'tlon slaeeflaptember 1.
2J9,000 264,000 275,000
„
'f flpttel
bale*. 5.494.007'B.617.609 6,605.051
cotton markotod since Soptember 1,
1884, is thus seen to bo 33,592 bales less than in 1883-8 i
and 1,021,044 bales loss than in 1882-83. To determine tho
portion which has gone into the hands of Northern spinners
during the same period, we have prepared the following.
(111
1,
1885, a« above
bales.
hiiud cDiiiiiionoemeiit of year (Sept. 1.
At Nortliorn porta
At Buatlioru porta
At Nortbem Interior markets
5,481,007
1884>—
87,415
24,318 —111.733
4,457— 116,190
Total supply to May 1. 1885
Of tblB supply there has Iteuii exported
to forelKH portsslncoSopt. 1, 1884,3,551,021 ..,^ ..
LesHton^lKii cotton luoludeU... bales.
6,853—3,514.168
6,600,197
.
Bent to Cunudu direct from West
Burnt North and South
Btock on hand cud ot mouth (May
AtNortheru ports
At Southern ports
AtNorthem
m
1882-83.
THE COTTON OOODS TBADB IN APRTI.
The general demand
for staple cotton goods was light
and disappointing, and prices continued low and nnsatisfactory to the mills.
Some large " round lots " of plain
and colore<l cottons, wide sheetings, &a, were moved br
means of price concessions, but there was very Httle dlspo.
sition on the part of either jobbers or converters to
anticipate future wants.
Print cloths were in moderate demand
and fractionally dearer toward the close of the month
because of a contemplated curtailment of
the extent of about 800,000 pieces.
4,151
1885.
373,082
178,616— 553,698
markets
4,454—4,127,514
Taken by WortUem spinners slnoe September 1, 1834
Taken by Northern spinners same time la 1883-84
1.233,b83
1,301,778
239,000
158.095
306
4
B
An
additional fact of interest is the total of the
crop which was in sight on May 1, compared with
previous years.
reach that point by adding to the
above the stock remaining at that date at the interior
towns, less stock held by them at the beginning of the
season.
In this manner we find the result for three years
We
on
May
to be as follows.
1
1884-85.
5,484,007
5,517,599
6,5O.i,051
bales.
5.552..'i9;)
U
lOISs
313
10^
3-13
16
16
IT
18
19
10 »8
lOIljg
1011,8 3-14
314
109i«
3-14
109,8
314
109,8
10>9
316
21.
22.
23.
24.
25..
26..
27.,
28..
29..
30..
1883-84.
September.
October
413.836
1,309,111
November.
December..
January
1,390.902
1,3B0,404
613,187
291,753
192,903
83,911
450,047
1,325,716
1,317,773
1,264,816
453,985
370,337
262,772
107,153
5.556.007
."^,552,599
March
AprU
Total 8 months.
Eight ifonlht ending
402,336
1,180,761
1,402.952
1,435,00a
Bales.
Lonlsisua
1,196,653
Alabama
227,817
801,879
515,616
825,530
103.066
7>4
714
7>4
714
3-16
318
318
n't
Vh"
.8..
3-60
3-60
9l'u 3-60
OH 3-80
911,,
7»4
9%
9%
OH
9%
OH
7V
7'4
7'4
7^4
7>8
7»a
.8...
3-60
3-56
"Vii"
11%
113a
3-56,
7>a
il'ia
3 56
7'*
7^
S-t-O
3-60
.8...
8-60
a -60
3-60
9"l« 3-60
3-60
913,8
9U„ 3-eo
.8...
9'e
360
Mag
1,
1883.
to
an average discount of 5 per oent.
U. S.Sub-Trkasury.— The following table shows the receipts
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week
Balatieea.
Dale.
Payments.
Seeeiptt.
*
2.
"
"
"
"
5!
6.
7.
8.
Total...
Coin.
1,019,919
1.397,529
1,301,174
927,118
869.953
977,084
89
60
54
57
51
85
6.492.780 96
«
1,711,041
1,613.940
1,118.691
1,046.714
1,464.712
1,307,071
57 138,771,364 60 23.778.602 50
15 13^,579.481 54 23.751,075 01
46 1 3 » ,6 19.903 82 e 81
5tf 138,676.661 57
04
'
73 138. 234.3^2 65
68 137,835,285 03
238,387,496
715,401,090
J3,«:i(:, l.)2
664.834
618,510
265,057
6.87.1.051
Same
perVd in perVd
in
Aterage Averaf/i
Weight.
Weight.
513-63
47S-00
50979
477-11
Weight.
51856
48210
49800
46900
468 00
466-20
470 50
466-98
472-90
503-00
482-60
472-70
478-60
47.931,4.57
46525
47038
47I0J
1,049,321
518,364.574
494 00
493-00
—
Coinage by United States Mints. The foUowinjr statement, kindly furnished us by the Director of the Mint, shows
the coinage at the Mints of the United States during the month
of April and for the four months of 1883:
JfomM 0/
April, 1885.
Foitr
2,638,430,778
48111
482
monUttin 1S8S.
Denomination.
Pieces.
Yalue.
Pitees.
9
61,000
41,400
71,500
5,nu4,76o
9ft,S33
956330
229,175
864
841
8,848
l,14ft,873
^991,300
623,38«
8,015,418
2,410.000
2,410,000
9.549,400
9,545.400
220,000
22.000
1,0S3,»23
106,
2,630,000
Eagles
Half eagles
Three dollars. .
Suarter eagles
r05,235
l,22i>,O0O
178,900
noable eagles..
YaiMS.
2,432,000
10,612,123
0,652.
414,000
337,500
.
Total gold
Standard dollars.
Half dollars
Suartcr dollars...
tmes
S4388
2.193
8448
80O
400
400
501-50
Total
5,484,007
Inoluding Florida.
489-95
South Caru'una.
Virginia
Worth Carolina.
Tennessee,
dco..
113,152, 8'56
49500
Average
376,081,251
240,380.179
3^8.411,865
(Jeorgla*
74
53
:-
8,292,172 18
ollars
Weight in
Pounds,
Ourreney.
S
803,5<;5
1883-84 ISS'Z-SS.
464.123
316
9%
I
3M
3-36
Tbe aboTe prices are— For cotton, tov middling upland at New York,
for printing cloths, mannfacturera' prices
for sheetings, agents' prioes
1882-83.
Same
Texas
7^
8...
:.
10>«
107,8
10«,8
106,8
»"«
9«»
7k
-^
7^
3 63
3'63
3'63
3-63
3-60
3-60
Ills
ll>a
III3
..&..
3-59,
3-5«'
3-9B
6,673.051
WEIGHT OF BALES.
To furnish a more exact measure of the receipts up to
May 1, we give below our usual table of the weight
of bales.
We give for comparison the figures for the same
time in the two previous seasons.
Kumber of
714
7»4
9»I8
363
Ills
369
9»„
7>4
..8...
Ti
3-.1B
7^
8-63
3-63
S-63
3-63
3-63
..8...
lOUie 3-13
Vii"
..Holl day..
3 63
7'4
.8...
7»4
7I4
313
lO'lie
in,8
im
7^ H»16
7H 11»18
7>i n>9
74
lOliu 3-13
May
1884-35.
February...
7Vi
7>4
7>4
7'4
313
313
11>I
3-62
S'6u
3'60
8'«0
8>«
9««
»«•
9>«
7H
-8...
3-56
3-63
3-63
3-83
11^
..8...
,
for the last three seasons.
ironlh».
7>4
7>4
7U
;
This indicates that the movement up to May 1 of the
present year is 3,408 bales more than in 1883-84 and
1,117,044 bales less than in 1882-83.
As it will interest the reader to see what has come into
sight eacli month of the season during this and previous
years, we have prepared the following, which shows the
movement
308
309
312
312
10\
10%
10%
which are subject
Total in siKht
3 08
358
356
8
11»18
306
..8..
7««
7'«
1882-93.
S.556.007
Total marketprt. as above
bales.
Interior stocks In excess of Sept. 1
1883-84.
II'
..8..
lO'g
107«
ID'S
»..;...
Northern spinners had up to 8_....
May 1 taken 1,233,683 bales, a decrease from the
10
corresponding period of 1883-84 of 1 58,095 bales and a de- 11
crease from the same period of 1882-83 of 305,286 bales. IS
18
AMOUNT OF CROP NOW IN SIGHT.
In the foregoing we have the number of bales which
has already been marketed this year and the two previous
1893.
3-50
3-56
3-56
ll'is
3 06
11>^
..Hon day... US,.
lO'a
8-
7
indicates that
306
1013],
a
Deorease In takings by Northern spinners this year.bales
1884.
•
1,472,683
seasons.
'
Ootfn Print- SJttet- OoWn PrintOoirn PHntUna
ing
lov
ing
mid- eMA; liana- mid- eioOt, ttand- mid- loX.
4Ung. e4a«4 ard. dlinff. 64064 ard.
«4a«4
Afxil.
Total takluf^ by spinners slnoe September 1, 1884
Taken by Southern spiuners
The above
production^
21,043
1885)—
1,
.bales.
Interior
M»
U
of
Total r»cel|it« to Miiy
Stock
669
be noticed that tho movement up to
ICkr 1
•hows adeorMae in the vrntgo weight
ooraparwl with
the same periods of the last two years, the average
year being 48111 lbs. per bale, against 482
lbs.
Dale for the same time in 1883-84 and 489-95
lb*, in
It will
Net inlpmenuoverlauil dunnK wmo time
to K»r 1
Tho amount
:
..
Total silver..
Five cents..
One oent. ...
Total minor
11
Total coir age.
174,473
11,346,300
...
.
2.803.900
4,423..S'>0
I
22.784.OU
2M
73,720
51
100,702
1,474,400
1.700
10,070,200
Three cents.
m
17
842US8
.
.
.
.
THE CHRONICLE.
660
THE DEBT STATEMENT FOR
APRIL,
official statement of the public debt a8
appears from the books and Treasurer's returns at the close
of business on the last day of April, 1885, according to the
new form adopted April 1, 1885.
INTBRBST-BBARING DEBT.
The following ia the
Oiaratttr o]
•jnum
lasvA.
P'v'Me
Coupon.
Registered.
»
Option. Q.-F.
8b
V^
Q.-M.
1891.
.Ijt
•84,623,512
.T.
Aggregate
»4,820,000 Feb.
Jan. 1, 1899.
2,459,063
813
17,490
140,000
1,292,470
7,223,765
2,254,459
1895; $640,000 Not. 1. 1895: J3,680,000 Jan. 1, 1898
1808; $9,712,000 Jan. 1, 1897; »29,904,952 Jan.l, 1898 ; J14,004,580
1,
18,
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
Aggregate of debt on which interest has ceaaed since maturity
Interest due and unpaid thereon, $238,291.
$4,746,085;
is
DEBT BEARING NO INTEREST.
liBgal-tender notes
Certificates of deposits
Ij6ss
$58,003
846,681,016
—
25,450.000
amount held in Treasurer's cash
50,000-
Gold certiScates
25,400,000
163,860,090
Less amount held in Treasurer's cash
28.625,290- 125,234,800
BUT er
141,585,086
certl Bcates
Less amount held in Treasurer's cash
Fractional currency
Less amount estimated as lost or destroyed..
32,141,140- 109,448.946
16,312,088
6,986,184
8,375,934-
Aggregate of debt bearing no interest.
$813,783,930
RECAPITULATION.
Principal.
Interest-bearing
debt—
4b
3b
Eefunding
certificates
Navy Pension fund...
,
t.
Pacific
RR. bonds, 6
p. ct.
S^ebt on which
4ljebt bearing
int. has ceased
no interest-
Legal tender notes, Ac
Total.
«
$
<«8
260,000,000
737,715,800
194,190,600
244,050
14,000,000
61,623.512-1.260,773,868
4,748,086
66.784,818
243,162,196
158,860,090
Certificates issued
Less on hand
28.626.290
125,234.800
Net gold held
U7,9a7,396
Silver.— Standard dollars intreas'y 169,411.034
Bullion in treasury.
4,042,187
163,483,821
Certificates issued
Net
silver held
64,039,875
United States notes in treasury
.
25,460,000
Certificates issued
Leas on hand
EO.COO
86,400,000
Net U. S. notes held
National Banlc notes held
Deposits in Nat. Bank depositar's.
,'469,611,022 280.078,746
and unpaid
Matured debt
Interest on matured debt
Debt bearing no interest
Int. on Pac. RR. b'ds due, unp'd.
Interest due
2,236,970
4,748.085
238.291
3.636
17.490
Fractional currency redeemed.
One and two yr. notes redeem'd
Interest checks and coupons pd.
3,5381
361
386,831
370,518
Totals
469,981,540 287,381,118
Res've ag'st U.S. notes.Acts '75&'J
for redeeming notes of
Nat. Bks. "failed," "In liquidation," and " reducing circulat'n'
87.363,218
135.594
F'od held for red. Nat. gold bk.notes
Five p. c. fd for red. Nat.Bk. notes 10,908,117
100,000,000
Fund held
48,406,939
Nat. Bk. notes In process of red
Post Office department account..
Disbursing Officers' balances
Undistrib'd assets of failed Nat.bks
Currency and minor coin red. acct.
Fractional silver coin redemp. acct'
Int. aoct.,Loulsv.& Portld. Canal Co
Treas'r's tr'nsf er ohks.&dfts.outs'g
Treasurer U. 8., agent for paying
interest on Dist. Columbia.bonds,
6,973.033
8,414,312
23.206.366
643,071
10.476
71.794
000
6,938,767
eS,S83
36,888,841
9,478,225 1,270,252.087
233.291
4.934,376
Totals.
475,951,310 451,998,888
Balance
Assets not available: Minor coin
Fractional silver coin
83,»S7,«)3
'
25,400.000
109,443,94«
893,648
80,944,048
125,234,800
Sliver certificates
13.951.289
Totals
Public debt and interest-
Interest on Diat. Col. bonds paid.
846.739,021
Certificates of deposit
Gold certificates
2,148,627
7,843.372
Amount.
Old demand notes
177.427.377
.
Bullion in treasury....
109,443,916
68,672
1,068,693,662 187,838,160 1,260,773,882
mature Jan.
* 2,362.000
t
1.458,429
1,875,000
1,797,370
250,000,000
737,715,800
214,050
14,000,000
•84,623.612
Gold.— Coin in treasury
Total debt
31,837,596
9,716,616 1.889,020.884
86,796.018
618.783,921
1,879,803,863
31,837,6»«
507,791,900 461.996 <»8
Aggregate.......
6 966,164— 913,783,921
Fractional currency
BaUnuM,
Less on hand
10,692
370,335
194,190,600
198,906,450 51,093,550
600,873,200 138,742,800
Q.-J.
to
4« refdg.certfs. Q.-J.
38, pension ,.. J.&J.
1907.
Accrued
$
*
194.190,500
Due
Int.
icUnpaii. Interest.
Total.
UabiUUet.
AsseU.
1885.
it
ATnount Outstanding.
[Vol. XL.
.
.$267,321,118
Less cash items ayallable for reduction of the debt.
liess reserve held for redemption of U. S. notes. ...... 100,000,000 -367.321,118
.
.
J^anttm^t&ammi^vcivX ^nglisU p^eitrs
.
Total debt, less available cash items
in the Treasury
1,621,699,286
,
-Met cash
23,957,421
Debt, less cash in the Treasury, May 1, 1886
Debt, less cash in the Treasury, April 1, 1836.
1,497,741,845
;
.
.
.
1,502.579,185
Decrease of debt during the month
4,837,340
In order to explain the difference between the old and new
forms of statement, the following reconciliation of the two
is given, but will only be continued for a short time.
RECONCILIATION BETWEEN OLD AND NEW STATEMENTS.
May
Total debt, old form.
Increased by—
Facifio RR. bonds.
Acc'd int. thereon.
Int.
due and unpaid
1.
April
1.
65,929,212
Tim€.
Amsterdam.
122
Amsterdam. 3 mo8. 12 4
•*
20-68
Hamburg..
Berlin
Frankfort...
Vienna
Antwerp.
...
1,955,544,081
1,949,836,814
Silver cert, in casli.
Cert of dep. in cash
.
Total debt,
Cash
28,625,290
32,141,140
t.
221892238
*'
25-97 i2®2(i-02i3
25-9712 »26-02i-2
60,000- 60,816,430
**
"
483,032,568
**
60 days
dem'nd
*'
HonK Kong.
....
Is. Thud.
Is. 71l8d.
IXUe.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
484,474,174
-511,608
new f'm
Debt, less cash, old..
Debt, less caah, new.
Bat*.
Short.
1212
20-46
20-50
12-G7
25-41
2.V39
Smos.
Sliort.
3 mos.
361,150,168
22,259.025
23,957,421
1,899,975,006
1,497,741,845
46-,'iO
46-50
110-87
60 days
tel.
tsfs
4 mos.
4-88'a
18. 7132a.
Is. 71 led.
3s. 6!lkd.
4s. 10°ed.
[From oar own oorresponaent.]
1 ,405,439,803
-5,464,596
1,502,579,185—4,839,840
j
UNITED STATES TREASURY STATEMENT.
35, 1885.
slow length along, and
the gravity of the political situation has been by no means
lessened during the past few days. The question of peace or
war ig apparently equally balanced. Any aggravation of
the existing tension would no doubt be followed by
instant hostilities, whilst peace prospects would rapidly
brighten were Russia to show the least inclination to make
the amende honorable. The improbability of Russia taking
this course with the military power in ascendant as at present
The Anglo-Russian dispute drags
383,409.191+7,869,343
available for debt 367,321,118
LOffDON.
rM»«.
London, April
69,656,805
60,816,430
.t
Oir
_.
1.885.988,376 +3,032,003
Made up of-Cash
Balance.
*'
Calcutta
Assets not avail'ble 31,837,597- 02,654,027 31,508,378- 101,061,983
In Tr'y,
51»i8®51liie
SIOHANGS
Latat
certs,
as above
Cash
.
4538®45i9
<(
BhangUai....
f'm
in Tr'y, old
York.
4538<«i459ia
Bombay
1,005,000- 69,666.605
l.S'i9.020.384
Reduced by
New
30,881,615
new form
20-68
12-80 a>12-85
"
12-80 ®12-85
Checks 23-37ia»25-42ia
3mo8. 2f>-56i4©25-61i4
Genoa
Coustant'ple
87,689,990
®20-72
920-72
820-72
St. Peters!)'^
Alexandria
Decreased byGold cert, in cash..
2068
*'
• 12-3
•»12-4Hi
«*
Cadiz
Usljou
38,340- 65,831,205
Bate.
Short.
Madrid
969,353
13,2lJ0-
On-
Kaples
84,623,518
1,282,470
BIOMANBS AT LOSDOS-Apr. 24
Parle
Paris
1,889,913,778 -6,008,204
1,888.007,578
64.628,512
RATES OF EXOHANQE AT LONDCW AND ON LONDON
AT LATEST DATES.
its
The following statement, from the office of the Treasurer, increases the difficulties of the situation and reduces the
was issued this week. It is based upon the actual returns chances of an amicable settlement to a minim'im. Meanwhile
from Assistant Treasurers, depositaries and superintendents of there is no relaxation of activity on either side in preparing
for the expected conflict and the application for a credit of
mints and assay offices:
:
Mat
9,
.
THE CHRONICLE
188B.]
£11,000,000 8how« that our Oovorninent are at length In earnest in iappreciating the dancers with which their vacillating
policy has involved the nation. Whether a modus Vivendi
will yet be discovered it
is,
with present
lights, altogether im-
possible to determine.
To
anticipate that
any commercial
Improvement would
owing
now
to tbe greater risks
experienced in carrying out
The delivery of goods to foreign ports will naturally
be more difficult, and although the Russian fleet could hardly
do us much damage the risk would still have to bo run and
after the lengthened depression we have gone through would
not be lightly encountered. A continued restriction of commercial dealings may therefore be counted upon. But for
this
untoward dispute some revival of trade might have been
looked for this spring. Agriculturally the season so far has
been eminently: encouraging, and financially there is nothing
to hinder the development of non-speculative commercial
enterprise, but these satisfactory features are entirely overborne by the threatening troubles of a great war.
Tenaers for JE1,611,000 Treasury bills will be received
at
the Bank of England on the 4th prox.
The money market has disclosed no fresh feature. The
discount brokeiij have been endeavoring to put up rates,
but
with very part^ success. Attempts to fix the charge for
three ihonths' hills at 3 per cent have been entire failures
There fe, however, less eagerness to bid for bills and only
the*
choicest paper i$ taken at low prices. For loans, on the other
hand, tjiere is np demand, and day-to-day advances have
been
variously placdd at from
to 1 J^ per cent, the close being
decide41y easy.]
Another favorable Bank return has been
published, Th^ reserve has increased £505,000, the total
being
now £)17,204,00<) and the proportion to liabilities being 4835
per cen*. The jstock of bullion is now very little short
of
£36,0O(X00O. Qearly, therefore, nothing but political
influences
keep the bank rate at its present level of S^ per cent.
The following are the present prices for money.
%
Open marktt rata.
BmkBOU.
InUrttt aUowtd
tor attmiUt by
tradtaait.
Joint DUc't
Thm
nurtt
rmtr
JfontJu Xonttu Jtonthi HonthM
"fia — SXnom SMnom SH»85<
-8 « - aMS - awa -8 a -2«a3 smss
- sNasM 2Na -3 nom 3 nom ilXQom
^a2T« 3 a -'3 aa«'3«« -
iiiias
«<«
SM»
aMa
ana
Wu
J\mr
At 7to U
Stock
MotUhM MorUlu Bankt. Oaa. Day*.
bulk
la oonaidMafaia
--
I
^^
*in«lfl». Tba P. * O.
Iwna of ImmI »««b n^in w <
""^
the mipplle* uPhnud wem tcttM
at 4B«I? wSS. '•SSi'iJf^""'
howcv<T. >n<l with iba bMtarMlMl fhrS;.«S! mii?^S*? TS* ""noin
bmi Utken «3H.ft<)0 to Tn-uir
Silver r«ll iillKlilIy»rt«rnur
wo QOOtTtalSkWStd
487,000 ;T>.tiil. ilO<!.loO.
and *10.000 In ralciitftt
T*r«hS*^^
^I!*?*
Tto C«h.» i2u *187,000lo Bbmbaf,
*"" ^''"•r •»"• «?3??2i 7li»^^^
d.yr!^i!,:l::ii'»r.^."'rA-ft:r'v.!&
The qnotationa
Prteia/ Sold.
for bollion are roported aa foUowa:
Apr.ta.
:
.
^pr.
U
Prie*
cfOOMr.
Jpr.a
Aw.V.
«.
Bur ffold, fine.
oi. T7 •
Bar gold, oontalQ'x.
SOdwts. allrer.oi. 77 1(H<
77
»
Bvi1lT*r,an«..oi.
n lOM
Span, doubloona.oi.
8.Am.doDblooQ9.oi.
4»M
BarillT«r,aoBt«bs-
bicSgr*. f[ald..o(.
Oak* (Urar
oi.
Mextoaa
sa s-ia
doli...
The number of failures in England and Wales gazetted
last
week was 107, against 3.3 last year, an increase of 74, making
the net decrease since the beginning of the year
16.
The
number of bills of sale published hi England and Wales during
the week was 219, an increase of 43, the net decrease
to data
being 7. The number published in Ireland was
24, or 7 leM
than last year, making the net decrease 8.
fleet of about seventy vessels trading between
England
and India and Australia has been insured at Lloyd's at 15a.
per cent per annum, or 5s. higher than the premioms ruling
a
A
week
ago.
We have had a
week of splendid weather. The warmth of
summer has been interspersed with mild spring showers, and
the two combined have operated magically upon vegetation.
The general aspect
of the country has materially improved.
Altogether the prospect so far is decidedly promising, but it
is as yet too early in the season to speculate
upon the results
of the harvest. An undecided grain market has prevailed
dtiring the week. The variations have been regulated solely
by the political barometer, and according as the prospect has
been construed as favorable to peace or the reverse have values weakened or strengthened. Wheat on Monday was only
salable at a decline of 2s. per quarter from the late
advance,
but since then a hardening tendency has
again asserted itself, the political horizon being considered to have become more clouded. It would be altogether
useless
8*4
561
Km epBtloiMd toarriT* Imm
linpK.vn.1. »i..l
occur during the existing deadlock is out ot (he question.
Only in the shipping interests and in the chief centres for the
manufacture of war materials is there any animation observed.
General business oi>erations are becoming more circum8crit>ed
contracts.
Gold
future
to attempt to foreshadow the probable immediate
of the market. The predominant influence will
unquestionably be the state of the Anglo- Russian relations on
the Afghan frontier question. At the same time war is looked
upon by many as all but unavoidable, and they have based
The following return shows the poeiticm of the Bank of their operations on that assumption. From this cause
the
England, the Bank rate of discount, the price of consols, market has left.ofiE with firmness and quotations
have regained
the price of middling upland cotton and wheat, and the Bankers' 6d. to Is. per quarter from Monday's decline.
It is not surClearing House return, compared with the three previous years- prising that under the
circumstances farmers are delivering
-..*;,.»
IRfi^
lOQ/l
looo
1885.
1884.
1883.
„ ,
1882
their produce very sparingly. They are hoping, and not
GIroalatlon excluding
a
a
a
a
7-day & other blUs. 24,443,670 25.300.400 25,613.045 25,936.185 without
reason, that they will soon have a better market
Pabllo deposits
8,673.923
7,153.237
6.847,736
5.628.993
Otberdeposits
26,803,104 24,829,297 22.634,063 24,917.529 offering for their produce, and they certainly could hanily
Govemm't securities. 14.402. Ida 13,436.202 14,3J4.917 13.382.907
have a worse. Melbourne advices state that the export <rf
Other securities
21..^35.49l 21,611.9.11 21,6.54,258 21.461.548
Kee'veot notes i coin 17,203,854 15,777,330 11,323,013
13,590,882 wheat from the Colony last year was as much as 237,411 tons,
Coin and bullion m
both departments.. 2.5,897,524 25,327,730 21,188,058
and tliat there is still a surplus of 10,000 tons.
23,777,067
Proport'ii of reserve
The following return shows the extent of the imports oC
to liabilities
45-25
49
SB's
44ifl
Banbrate
319 p. o.
2»3 p. 0.
cereal produce into the United Kingdom during the firs*
3 P.O.
3 p.
Consols
95ii«d.
102iad.
102>4d.
lOl^d thirty-three weeks of the season and
the sales of home-grown
Enif. wheat, »v. price
34s. Id.
37s. 3d.
41s.8d.
46s. 3ii
Mid. Upland cotton..
S^gd.
5%d.
5d.
....d
produce for the same period, compared with last season:
No. 40 m ule t wist
9 ^d.
lOd.
9%d.
I0%d.
Oleartnic-House ret'n. 93,870,000 94,338,000 98,078,000
iMPona.
98,347,000
The Bank rate of discount and open market rates at the
1881-5.
1883-4.
1882-3.
1881-3.
Wlieat
owt. 30,714,518 S3,683,S09 41,347,042 38,471,241
chief Continental cities now and for the previous three weeks Bariey
10,684,887 11,186,320 11„575,0«7
9,065,034
Oata
8,867,154
have been as follows:
7,192,811
9,323,340
5,603,443
SM
SM
an
<
April 23.
Rata
of
Interest at
Peas
Beans
April 16.
Aprtt9.
^pr«
2.
Indlanoom
Flour
Bun* Open
BaU. Market
Bank
0pm
Rati.
XoTktt
Bank OpeFi
RaU. Marktt
Bamk
Rat*.
Open
Market
3
2«
3
2J«
a
3
4«
Hi
mi
4
4«
4«
*H
4
Hamborg
4
4
4X
4
854
4
5
5
5
3
1,210,869
2,150,644
15,199,929
10,614,980
1,112,431
1,609,235
17,401,369
9,712,405
1,381.313
1,718.308
11,011.977
11,283,287
1,114,069
1,103,748
13,.504.889
5.817,305
8
Paris
Berlin
Frankfort
Aauterdam
8
4
S
Brussels
3
3
Madrid
Vienna
4«
3»4
St.
4
Petersburg.
e
«i
4
4
4
e
S
CopenhaKen
Messrs. Pixley
o
tillion
market
SK
4«
3W
& Abell report
3
3
*H
1
6
4
as follows
SH
SM
SM
*M
3«
8
4
on the
an
S
«M
4M
454
4
6
4
state
Supplies available for consumption (exclusive of stocks on
September 1) in thirty-three weeks:
1884-5.
1883-4.
1982-3.
1881-3.
Imports of wheat. owt.SO, 7 14.318 3:i.683.5»9 41,347,043 38,471.341
'"
Imports of flour
10,614,!IS0
9,712,405 11,283,287
&.817,3M
Bales of home-grown. .29,698. 690 28,791,720 28,902,085 31.778,180
Total
71.028,213
72,187,724
81,-532,414
69,067.318
home-grown wheat, barley and
oats in the leading markets of Ehigland and Wales during the
8
4
first thirty-three weeks of the season, together with the stk^
of the ag^ prices realized, compared with the previous season, are
shown in the following statement:
The extent of the
sales of
.
.
THE CHRONICLE
562
The following
1882-83.
18S3-84.
1384-85.
at the port of
Ar'ge
Price
Sales.
s.
Wheat,
Av'ffe
Sales.
Pruse
d.
f2t
sales.
d.
t.
d.
t.
o»t»
Converting quarters of wheat into cwts., the totals for the
whole kingdom are estimated as follows:
1882-3.
1881-2.
28,902,085
1883-4.
1884-5.
owt 29,698,690 28,791,720
Wlieat
24,778,180
The following shows the quantities of wheat,
com on passage to the United Kingdom:
At present.
and Indian
flour
1883.
2,260.000
216.000
240,000
Last year.
1,860,000
235.000
117,000
Last week.
2,SR2,000
233,000
321,000
Wlieat
qrs. 2,941.000
Flour.equal to nrs 292.000
Uaize
qrs.
226,000
January
and 1883:
shows the exports and imports of specie
for the week ending May 3, and
1885, and for the correspondiug periods in
table
New York
1,
EXPOBTS AND IHPOBT8 OF 8PB0IB AT
SBW
Exports.
TOKK.
Imjiortt.
Oold
Week.
ireat Britain
Since Jan.\.
$
Week.
$15,800
9,562
frtvnf^e
3ermany
1,412,991
3,003.055
20,581
1,800
7,546
$57,250
3,068,437
¥4.763.579
35,98 1.30ti
121,250
$273,701
$4,813,358
183,612
73.177
151,781
Tetal 1885
Total 1884
Total 1883
14.V,G-i5
248.736
17,314
128,092
2,971
$29,927
148.034
6.738
4,469,126
5,250
52,030
%
$
Mexico.
Soatk^ America
\ll oQier oouutrles. .
Since Jan.\.
$4,813,159
3.101,038
4,728,937
130,466
Stlter.
Via
'""
BnsUsb jaarket Reports— Per
ireat Britain
Prauoe........
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 8:
London.
Mon.
oommon
36%
7478
1138
I29I4
55i«
stock
Pennsylvania
FbUadelplila& Beading
New York Central.
(er. State). 100 lb.
Wlieat,No.2,Spr'K "
Winter, West., n "
"
Cal., No. 1 .....
"
Cal., No. 2
Com, mix., old... "
Com, mix., new.. "
Pork, West. uiea8..1( bbl
Baoon, lone clear
Beef, pr. mess, now, ft to
Lard.prlme West. $ owt
Okeese, Am. cliolce.
1
59
31
93
36
60
8ifl
38
69%
10%
6958
381a
68%
11
11 14
127%
55%
5Sis
7%
7%
89%
8858
Wed.
Thturi.
S908
Tues.
d.
10
7
7
6
7
«
7
2
t.
d.
1
59
5
6
59
31
7%
7%
:
I
d.
87%
d.
t.
10
7
7 6
7
7
7
7
129
10
10
5
81a
59
31 6
93
36 6
6J
37I>»
115
124^2
54%
:
5
79-42la 7945
115
L15
124»8
124 58
5458
10
7 11)
7 1
7 11
7 7
7 10
7 7
497s
9s7,a
987i«
79-42 >«
129%
d.
s.
7 10
5
98i2,fl
128%
Mon.
d.
10
7
4979
987i6
987i9
91%
Bat.
s.
497a
981318
55I4
8
8%
Liverpool.
98
98
129
91%
1
4978
1
7
7
6
2
815
lis
7
1
5
6
1
6
8%
5
59
31
92
36
12,658
...
iVestlniiles
Meiloo
South America
Ill otlier countries
1
59
31
91
35
58
$
$24,332
IS^OSi)
8,4-16
120,933
161.513
238,786
4,608
76
70.133
$5,636,687
254,12ti
5.183,93i)
98.000
.
4,235
402,521
$236,358
.
5,511,391
$91,978
61.276
19,820
-
Total 1885
Total 1884
Total 1883
Thurs.
79-4219 7950
11478
115
12438
12458
3738
371a
7II9
6978
1038
10
12438
Illinois Central
wed.
97%
97%
lUOg
U.a. 4Jaeof ISai.tJ. 8. 48 of 1907
Canadian PaoiHo
Chlo. Mil. & St. Paul
Tuvs.
49''8
Sal.
Bllver, peroz
d 50
Oonsolfi for money
96
OonBOls for account
96
Fr'oli rentes (in Paris) Jr 78-55
Flonr
1884
2,070,497 33 8 2.007,266 39 1 1,867.428 41 4
3,923,366 31 42.989,488 32 6 1,901.390 33 10
241,522 19 10) 28>»,182 19 11 220,941 21 1
<im.,
Bwlegr......
Erie,
since
[Vol. XL.
$550,250
1.529.221
1,766,919
Of the above imports for the week in 1885, $396 were
American gold coin and $7,851 American silver coin. Of the
exports during the same time, $53,250 were American gold coin
and $51,300 American silver coin.
Teimcssee Eailroads not Liable for State Bonds.— The
U. S. Supreme Court has just rendered its decision in the
several suits of Calvin Amory Stevens and others against
various railroids in Tennessee. These suits were brought to
endeavor to force the railroads to pay Tennessee State bonds,
when most or all of the companies had already discharged
their debts to the State by turning iato the Treasury other
Tennessee State bonds, purcliased in the market for that purpose; The Chronicle took strong ground against the suits
at the time as speculative in character, and having no good
foundation either in law or fairness. The U. S. Supreme
Court has now fully sustained the Circuit Court decision, and
decided that there is no liabilily on the part of the railroads.
Chief Justice Waite delivered the opinion of the Court,
states the question that lies at the foundation of all
6
6
6
6
these suits to be whether the statutory lien with which the
6
59
.State was invested upon the issue of its bonds to railroad
companies bound the property of the company to which the
issue was made for the payment of the bonds so issued, and
the interest ihereon to the several holders thereof, or only to
autX
the State. * » *
After discussing the question quite fully, the conclusion is
" The bonds to be issued were on their face to bind
National Banks, The following national banks have lately as follows
only the State. At that time repudiation of State faith was
been organized:
not thought of. No purchaser of State bonds ever asked
8;338.— TJiP Franklin NalionalB ink, Franklin, Iiid Capital, $100,000. whether anything else tlian the faith of the State was pledged
JoUn T. Vawter, President; E. C. Miller, Cashier.
for their payment promptly at maturity. Repudiation was
IMP0ET;< AND EXPORTS FOB THE WEEK. The imports of lasl looked upon as dishonorable and as something that would
occur. .Security to the State against loss by the loan
week, compared with those of the preceding week, show never
of its bonds, which were provided for, must therefore be
and general mercliandise. presumed to have been the sole purpose of the liens which
an increase in both dry goods
The total imports were |7,890,894, against |3,793,098 the pre- were to be created on the issue of the bonds."
ceding we(^k and $7,502,100 two weeks previous. The exports
Texas >Vestern. This raQroad was sold May 5 under a
for the -wt-ek ended May 5 amounted to |6, 255, 308, against decree of the District Court to satisfy a judgment. It was bid
$5,84-7,570 last week and $6,109,604 two weeks previous.
The in by Mr. John Cummins, representing a New York syndicate,
sum of $140,500.
foUcwing are the imports at New York for the week ending for the
(for dry goods) April 30 and for the week ending (for general
The attention of investors and others is called to the
e
«
31
93
36
60
6
92
36
59
O
which
:
pUscelUue^us ^cvus
(SinmmtxtX^l
—
:
—
—
merchandise) May 1
week in January:
;
also totals since the beg^inning of the
roRBioH luroR-rs at
For Week.
Atlantic Mutual scrip offered by Mr. J.
P.Wintringham
in our
columns to-day.
first
Auction Sales.— The following were sold at auction lately
by Messrs Adrian H. MuUer & Son.
nbw tobk.
1882.
$1,256,125
$7,792,741
$52,131,156
126,446.668
1U84
1883.
«1,728.434
6,1 64,307
1885.
Shares.
Dry goods
Qen'lmer'dlse.
Total
Since Jan.
$1,933,463
5,81)5.777
$1,956,791
6,437,750
$7,151,902
»8,394,511
$7,890,891
$4S,608,.564
113,8 j2,419
$46,114,345
110,714,909
$37,671,971
96.529,572
5.1152,431
1.
Dry ROodH
GKu'l mer'dlae.
Total 18 weeks. $178,577,824 $162,430,983 $156,829,254 $134,201,543
Shares.
20 Coney Island & Brookl.vn
$1 lot
Elevated RK,
20 Merchants Ins. Co.of N.Y.li Oia
135
100 -id Nat. Bank
rcantile Nat B'k..lll-12%
700
54 Hrtfd.&Coun.WesfnRR. 7
1 Kia;bt Soelety Library. .$10
1 Clinton Hall Association. $50
M
6-^5
25FiflliAv. Kaiik
400 Nat. Broadway B'k 264-66
200 Imiiort'o & Traders' Nat.
.
251is-252i4
Bank
Gl'-n CoveMfj;, Co
11 N. Y. Fire Ins. Co
25
Li our report of the dry goods trade wiU be found the imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie)
from the port
week ending May
of
New York
to foreign ports for the
and from January 1 to date:
EXPOBTS FBOH HEW TOBHL FOB THB WEEK.
5, 1885,
1882.
Fortbe week...
Pfev. reported..
$6,144,881
105,985,669
1883.
$7,533,931
118,377,734
1884.
$6,033,295
96,413,183
30 Continental
Total 18 "wMkg. «I12.13O.5H0 !:125 961.665 tl02, 146.478 *1 14.870.907
127i?
50 Brooklyn Gas Co
30Ceiitr.il Miain;; Co. .$7 50ipsh.
6
7 St L Hiis Ore it Steel Co.
40 YonkiTs Q:\» Lixlit Co. .. 41
llarr, Bliven &.
C'inipany
$6,255,303
108,015,599
150%
55
C0.22II4
146
Co.. -173
B'ire Ins.
Ins. Co
SiiNassaii Fire
51 BriMikl.yn Fire Ins.
45 The
1885.
. .
Mead
$jforloi
260is
9Nftiii>nal City Bank
821*
8 Lafayette Ins. Co
1 N. Y.' 8 ii-iety Library.... $10
465 «
22 U. 8. Trust Co
1 N. Y. Naval Stores and
Tottaeoo Exch.. dues to
$16
Jan. 1, 13t<6. paid
30 Bertha Zinc Co., of Va. . . 100
Bonds.
$10,000 Jersey City 7e, reg.,
101%&lnt.
due 1905
$H,OiiO Jersey City 7s Water
IIOU
Scrip, duo 1913
$4,000 Coi ey Island &, B'klyn
Klvtd. let"6:<, due 1391 ..$30 lot
$2.>0 Coney Island & B'klyn
Elvtd. RB. 68eertr8
$1 lot
$3,000 New Bruuswiek Water
.
Co. Ist7,s. due 18:t7
$2,.50O New Brunswick
Co 2d
7e,
1053b
Water
due 1899
lOBH
*2.00iiCityof Now Briinsw'k,
N. J.. 78 Imp., due 1896 ...100
$325 Long Island Ins. Co. scr. 20
* .000 Chic. & Can. 80. Kfi. 1
1
C.>. 1st 7s, doe
$140 Ch. &Cau.
78
lilt
19(.)2
Si>.
KR.Co.
!
20 14
I
J
& Western Ind.
UH. 1st 68 (fold, due 1919. .lOSk
$l,OO0 Central KR. ol N.J.
98
ouusol. mort
$6.(100 Chic.
:
.
Mat
:
THE OHHONIQbE.
9, isas.]
i premium,
iiollinff |
.ean«8;10ai
The follnwiDK dlrlrtRnilR hare
I'er
cent.
JTamt of Oompany.
Whtn
PayabU.
0)111
it
Hiiui. it Kayloii pre
lo^vft Fulls
SU)»x City (uuar.).
(Dayi
A
Mftf
Par!* (franc*).
Aiiiatordnni (ffiillilera)
JS,
29
Ou
Baitk.
May
Nosaaii
11
NKW YUKK, FRIDAY. MAT
Way
3 to
.
X<ioSmm
of
in
the aversion of capitalists to enter upon anything
now
3 98
&.t
08%a
pa^d^pnMu
..
di >< (lliuea.
I
I.
EngUahatlver
4 78
CD's U.S. trade dgllara
B9
„
— tiO\9 ^ar
_
»
.,
i»
,
U. 8.aUverdallari!~
9aH«
4
ft*
1
_ 95%
1
pa(.
United states Bonds.— Government bonds were again
the jiast week, and prices remain strone for all
issues.
The three per cents sold as high as 103 on Wednesday.
The closing prices at the N. Y. Board have been as follow*:
in the
renew in any shajw
officers to
I
.'.S
.
quite active
Tntertat
Ptriodt.
The princij)al causes for the renewed depression in stocks
this week have been the gloomy outlook caused by the disa- 4>«a,1391
4>i8, 1891
greement among the great lines west from Chicago, and tliei!!'J2S?
trunk line
4 00
t»15 70
«15 6%
Fine ailTur bars
Fins gold ban)
Tvay of financial enterprises.
failure of the Eastern
«
'nan'hDoabloons.lS
Mi^i. Doubloons. .15
Utiuaa
England has reduced its discount rate to 3 per
London, as well as New York, the cheapness of
money continues as an evidence of the stagnation in trade, and
and
405
mi
KlvB
— M « — 04
—
1»4
„ fraiicn
Haxlcar. iloUan.. — 9a^» — 8«
uo uncunimero
Do uncunimero'l. — -_
<<4%»
*4%» — ^.^..
Peruvian aolea.... — 78 « —
8.
the bears were jubilant.
The Bank
6I7H
Coins.—The following are quotations in gold for ranoua eoiaa
May 10 BpmeJgM
94 81 »»4 83
Bllver U* and >«•. - »»%• t,ar*
1884-9 P. M.
Tho Money Market and Financial SItnation.—The markets hiivo ijrewnted few interesting features this week, and at
the Stock Exchange depression was the rule iintil to-day, and
cent,
63«
40H
Frankfort or Brmuen trelohmarkt)?
ueni.
4B9
4 87
4MI«
'
May
s
«80
OooiimentaryeomoinrolfU
a
100 prt-
auiy tkvt Dtmana.
Prime bankeia'iterllafflilUi on Loudon.
'
Prime oommerolal
2
P«nUHylvuiiln KK
Siwbouril i]t H(>»iiol«)
ITayS.
inc'.utivt.)
8
Noitli IViiii. (cnmr.)
'
w
a
Montri'nl prof
cm.
7*
l'»r;<N«w,Orl«n;k
;
BooAct Ol»mt.
Itnllrondn.
BoBton
Bort«v>,
125 premium Imnk, 200 premium; St. Loui»
mium ; Chicngo, 70 prrmium.
TlM posted rates of lending; banker* an
foUowt
reoently been annoanoed
-
premium; Chnrlmton, burlnff , pfnuflM)
t
preroiiun;
cial,
DITIDBNDB.
:
'
the pool agreement which expired on tho 1st instant.
The
meetings of tho Vanderbilt roads were also held at the West,
and notliing was done, so far as known, regarding the NickelPlate dt'fault, or towards bettering the condition of the trunk-
May
MUy
May
May
May
6.
0.
7.
2.'
's'^
..reg. Q.-Mar. *in!%Mii»f ^iii»b
5.
oonii
Mir. •112»8' tl2\'l 1:
iiii%Mim«iiiit
Jan. M21i»,«i21'.;
'J.^A IQ. -Jan. lai's,
coup.
12i"b 1!0-.;l>8
reit. Q.-Feb.
IOZ-'h 10'.^-a
rex-.f. 4 J. •127
-127 -127
reK. J. & J. na)
i28'v -120
-ino
re>;.[J. & J. •130
102
127
-•H2\M12%
1
3e, option
U. 8
6i,our'cy,
6»,onr'cy,
6a, our'cy,
6s,onr'oy,
Ba.nnr'ov.
'95
'96
'97
'98
—
'9fl..
reg. J.
.reir. J.
&
A
3.
13414
'
•IS.SHM.iJ
.r.
1
120
'122
12a
12-'U 122
10'ii%'103>i
127
120
M27»«
"ISOli
't
*i;<.
momlnK board; no lale was made.
lino status.
State and Railroad Bonds. State bonds have been rather
To the average outside observer it appears that the responsibility for demoralizing rates during the whole of the past more actively dealt in, as follows: $18,000 North Carolina
winter must rest with the managers of ono of the five great special tax at 5 $5,000 do. Os new at 20; $9,000 Tennessee
'systems" cist from Chicago, viz. (1) the Grand Trunk of Can- compromise bonds at 53; $2,000 do. Cs old at 47; $2,000 Misada (2) the Michigan Central, Lake Shore and Nickel-Plate, all souri 63, 1888, at loej; $2,000 Alabama Class A at 89-89i, and
under Vanderbilt control, and counting for this purpose as $3,000 South Carolina 6s Brown consols at 107.
Itailroad bonds were quite active during the week, with the
oife; (:?) the Chicago & Atlantic (Erie) ^4) the Fort Wayne
and Panhandle lines oj)erated by Pennsylvania, and (5) the tone generally irregular, the market sympathizing to some exEric 3ds were active and d»Baltimore & Ohio. It is palpable that through freights and tent with the course of stocks.
passengers could not go between the West and the Atlantic clined sharjply early in the week on speculative rumors, but haVo
seaboard except over one of these roads, and hence the Dela- since reacted somewhat and close at 53^ against 64^; Wesk?
ware & Lackawanna and the West Shore linos, having no Shore 5s were also again active and quite strong, closing at SC^.C
Western connections of their own, could not in winter against 294; Missouri Kansas & Texas general 6s close at 74^
demoralize rates. Who are the managers of one or more of the against 7Ci; do. general 5s at 59| against OOf; do. conaol. 7s at
five "systems" above named, that have in.sisted upon keeping
107 J igainst 107; Oregon SliortLine Cs at 90 against 90J; Metrates unsettled in the period from December 1 to May 1, when ropolitan Elevated Ists at 109J against 108|; do. 2d3 at OOf
the trunk lines might have reaped a fair profit, not\vithstand- against 90; Southern Pacifi'c <Cal.) ists at OOJ against 95; Mis*
This is the price bid at the
—
;
:
;
;
ing the general depression in business?
B*ktes for call loans during the week on stock and bond
collaterals have ranged at 1@1 J- per cent, and to-day at tho same
figures.
Prime commercial paper is quoted at 3i@4 per cent.
The Bank of England weekly statement on Thursday showed
a Min in .specie of £111,403, and the percentage of reserve to
iiabihties was .50 7-16, against 50 13-16 last week; the discount
rate was reduced from 3i to 3 per cent.
The Bank of France
gained 18,809,000 francs in gold and 3,648,000 francs in silver.
The New York Clearing House banks, in their statement of
May 3, showed an increase in surplus reserve of $1,998,225,
the total surplus being 153,140,650, against 153,142,425 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the
New York
Clearing House banks.
ISS.V
Diff'er'neeafr'm
May 2.
1884.
Previous Week.
May 3.
Iioans and dig. 3296.616.400
111.48 4,200
Bpede
Circnlation
10.814.800
NetdepoHlta.. 3,".8,349,40O
1883.
May
i.
i:>eo.$l,727. 300
$311,900,500 $3l5..';o7,4no
Inc. 1,52^,8001
65.997.100
55.769,10U
Deo.
9<>,000
[uc. 1,532,700
.
14,417,F.(X
1(1,2.13,80;)
333, 15,600
28,112,800
296,970,300
20,077,600
$83.303,nOO
84.109,900
$74,242,.'.7.'.
144,728,000 Inc. 2,381,400
S55,l 10,650 rnc .$1,999,225
$806,000
$1,604,125
Iiei;al tenders.
33.2i3,80u [no.
855,600
Legal reserve
Baiaerve held.
$89,.'>87,350 rno.
Iii383,175
nrplos
V!
75,816,700
—
souri Pacific Isf consols at 97 against 98J; Northern Pacific
Ists, coujion, at 103i against 103f ; East Tennessee 5s [at 48
against 44^.
—
Railroad and Miscellaneons Stocks. A change came
over the tone of speculation on the Stock
xchange after thfi
European war cloud passed, and the market has recently been
more active, with prices since oiir last report very weak and
depressed.
dull and somewhat strong market on Saturday,
May 2, was followed on Monday by the inauguration of an
active and successful bear raid, which continued in force, with'
only slight and unimportaut rallies, until Thursday evening.
^.^
Various rumors and reports, both true and untrue, calculated
to depress prices, have been put in circulation, chief among
which have been the trouble among Western trunk lines and
the bad showing of some of the Vanderbilt roads ; in consequence of which the grangers and Vauderbilts have been moat
conspicuous for weakness, leading the market in its downward
A
course.
The more peaceful tenor of foreign news and the sharp rise
in British consols have also had their effect, as was to have
been expected, since so much has been said about the beneflta
to accrue to us in case of foreign war.
notable fact in connection with the present bear nile in
the market is that the general situation is not materially altered,
A
but that unfavorable conditions have been brought out more
conspicuously and used to good effect against the general
market. Kailroad affairs in the West, however, seem to be
much unsettled and the cutting of rates could not fail of effect,
whether or not it was done for merely speculative purposes (as
Exchange. A little better inquiry for sterling exchange may
be reported, though the market is still rather inactive, but firm
in tone, posted rates having been advanced on Wednesday
^ suspected).
cent on the pound, but reduced again to-day a like amount.
The reduction in the Bank of England discount rate has probably had some influence.
To-day the rates on actual business were as follows, viz.
Bankers' 60 days' steriing, 4 86i@4 86^; demand, 4 88l@4 88i.
Cables, 4 88i(a4 89.
Commercial bills were 4 84i@4 84}.
ContinentJil bills were
Francs, 5 20@5 20| and 5 17^®
5 18J reichmarks, 95@95J and 95i(gi93i; guilders, 40i®40|.
The following were the rates of domestic exchange on New
Tork at the under-mentioned cities to-day Savannati, buying
:
:
Erie stock and bonds were sharply depressed early in tha
week on rumors of a receivership for tne road and further
financial diiHculties, but a better feeling has since prevailed in
regard to them, and they have improved.
To-day, Friday, there was a material improvement in tone
and a decided recovery in prices, arising partly from the coTering of short sales, and partly from a better feeling created
by private dispatches from Chicago which indicated an earir
Prices closed
settlement of the Western railroad diflBculties.
at or near tha best figures of the day.
—
—
.
..
.
.
.
THE CHRONICLR
564
NEW YORK STOCK EXCHANGE PRICES FOR WEEK ENDING MAY
[Voih
8,
AND SINCE
JAN.
1,
ZL,
1885.
BTOCKS.
RAILROADS.
An)aiiy<Si Snsquelianiia
N.Y. Air- Line, preJ
Boston
&
1
BnrllnKton Ced. Rapids & No.
OAnadian Pacific
Canada Soatliem
-
Cedar Falls
&
MinnesoUk
Central Iowa
Central of New Jereey
Central Pacitle
Cheeapeake
Do
Bo
& Ohio
Istprei...
2dpref...
CUoaero
& Alton
Chicago
& North westei™
CMcaKO BnrlinKton & Qoinoy.
CUoago Milwaukee A St. Paul
pret
Do
Do
pref.
Chicago Boot Island & Pacific
Chicago St. Louis & Pittsburg
Do
prel,
Chicago St. Paul Mian.
Do
Om
•&
pref.
Indlanap.
OleTelanrl Col. Cin.
Pittsburg, guar. .
Cleveland
Colnmbia Greenville, pref. .
A
&
A
Delaware Lackawanna & West.
Denver & Kio Grande
Dnbnnne & Sioax City
£aBt Tennessee Va. A Qa
Do
A
XyanBTllle
pref.
Terre Haute
Green Bay Winona A
tit.
Paul.
Harlem..
Houston A Texas Central.
IlUnoiB Central
leased line 4 p. ct.
DO
Indiana Bloomlngt'n «& West'n
Iiake Brie A Western
Iiake ShoreLiong Island
LooisTllle A Nashville.
Louisville New Albany A Chic.
Manhattan £levated, cooaol..
Hvihattan Beach Co
Memphis A Charleston
Metropolitan Elevated
Michigan Central
Mil. L. Shore A Wesfrufpref.
Minneapolis A.St. Louis
Do
pref
Miuouri Kansas A Texas
,
Missouri Pacific
Mobile AOhio
MoiTls A Essex
Naahv.Chattanooga
A St.Loui8
New York Central A Hudson.
New York Chic. A St. Louis
Do
pref.
New York Lack. A Western
New York Lake Erie A West'n
pref.
Do
New York A New Bngland
New York New Haven A Hart.
New York Ontario A Western
New York Susq. A Western
pref.
Do
Norfolk A Western, pref
.
.
. .
^
Northern Pacific
Do
pref
Ohio Central
Ohio A Mississippi
Ohio Southern
Oregon Short Line
Oregon A Trans-Continental,
Peoria Decatur A KvaosvlUe.
Philadelphia A Reading.
Pittabnrg Ft. Wayne A Chic.
Do
special.
Hensselaer A Saratoga
Rich. A Alleg.. stock trust ctfs.
Richmond A Danville
Bichm'd A West F'nt Terminal
Bochester A p; '-tsburg
Rome Watertown A
St.
Louis Alton
Do
Bt.
Ogdenab'g
A Terre Haute
A San Francisco
Louis
Do
Do
St.
Paul
pref.
pref
Ist pref.
A
Dnluth
Do
pref
A
Manitoba
Wabash St. Louis A
Do
Pacific
pref.
Paul MInneap.
Texas A Pacific
St.
I7nlon Pacific...
IHISCEI.LANEOUS.
American
American
Dist. Tel
Tel.
Cable Co.--
Bankers'
New
A
A
A
A
A
Merchants' Tel.
Oolora^lo Coal
Iron.
ConsQliilated Gas Co
Delaware
Hudson Canal.
York
Texas Liud
Oroijon Improvement
Oregon Railway
A
Co.
Co
Nav. Co.
.
Pacific -Mall
Pullman Palace Car Co.
Quicksilver Mining Co
Do
prof
Western Union Telegraph
Adams
E.VPRESS.
Americaa
,.
United States
A Co
INACT(VK STOCKS.
Well.s, Parito
Atchison Toneka
A:
Santa Fe
Chlcai^o it Alton, pref
Clncluiiat! Saudu.^ky A Cleve
Columbus Chic. A Iiid. Centr'l
Keokuk A Dea aioiues
Louisiana A Mi.ssouri Riror.
New York Elevated.
Virginia Midland
Warren
Canton Co
Conaohd:ition Coal
Homestake Mining Co.
Maryland 'oal
*
New Central Coal
Ontario silver Mining.
Standai-'!
>Iiiiintr
•These are the prices bid
bhi'\
a^ked; no sale was
made at the Board.
.
1
.
Mat
9,
1
. .
.
. .1
.
8BCORITIBS.
likbuu-OlMa A, 1906.
BBOUBITIBa.
Aik.
BIO.
,
665
MAY
»,
Bid.
Adk.'
lo:f
HS
100
10.aOx.1000
87
"b"
rk<uiN4in'-ttH, fuiKteit
I(»<.k .« Ft. K. lu
7.1, 1
Ts, Mt<nui..t L. Koi:k
It, I.. R.I'. II. A.N. O.
7b, MIiw. o.
h. k. uu.
7i, Arkuiaas Cent. KK.
FuildluK, ISIU.95
Haniilbal .t st. Jo.,'86.
Nbw Yorlt-«8, reg., 1887
10
10
10
10
.
UK
KR
101
I
II
113
lis
117
DO
II
tax, all olaaaaa..
WII.U.AHu.R.
6a, 1919
Ohlo-6«. 1886
aonth Oarolln»a*. Act Mar. 33, 1889)
»*
M
M
4W
M
..
"
aMMl. boada
as-MMarad «»«pa»
(•.oauaLtM aartaa...
6a,datanad
DIaMat al OolaabU-
108 <«
4S
«s
old, 18911.8
n«w, I89'i.8-1900
6a.
*•.
•a,
4
Don.fandablo. 1888.
Tenneaaeo— <tn,
tf5
Vlr(lal»-df.old
V
I08S no
87
BrowD oonaorn tfn, 1893 107
11
•OVAtTIM.
18
Conaol. 4a, 1010
io:i
I
honda, J.AJ., 'WlJt
p«olAl
Do
118
104'«il0S'.! N. OaroUna-Oa, oM, J.<ftJ.
Fnnitiiut act. 1900
110
Hew
106
IHM.
OaraUa*-Oonttnn«l—
IC.
lOSK
en, loan, ISlll
ea, loan, ISOJ
««, loan, 181U
•J
OMrKlft-6a, 1886
71.1886
7«.goia.l890
BBOURITIWI.
Aak.
Bid.
LooltUuuk— 7a, «oi».,1014 7*
Bx.matared nnupoa..., A:i
MliMnrt-eii. 1886
10»
••.dne 18S0or 1890.... Hi
Anyl'm or U III v.. <lue '99 lis
88
OlusB, &, 1906
OlamC, 4ii, 1800
a
.
THE CHRONICLE.
1885.J
QUOTATIONS OF STATE AND BAILBOAD BONDS.
•TATB BONIM.
6«,
:
haclatarad
FnartlBgSa,
1
law
"0 l.~^
BAILBOAO BONDS.
BBCURITIB8.
SECURITIES.
Aak.
Bid.
i
Bid,
A
Bailroiid Bonds.
2d, 78, 1301
Bonds,
1900
73of 1871, 1901
(Stock Bxcltanat Prtea.)
Atch.T.AS.Fc— 4Hia, 1920
Fund,
BliikliiK
AU. &
11)11.
ti.H,
Ts,
'
lia
70>« 71
I'ac.- I.Ht, (is, I'JIO.'
Construction, 6s, 1923
Balt.&O.-lflt, B!»,l'rk.Br. 117'»'....
Del, A Hud, Canal— lat, 7s
Bur.U. IU.1). A No.— Ut,6s, 107 « 107 "a
l8t,oit., 7e, 1891
Con«ol.,lBt, 68, iy31...|
98H»
Coupon, 7s, 1891
Mlnii.,t8t.l..-l8t,7s.gu. «
1st. 78
la. City Jt West
—
C.lUp.l.F,*N.-Ut,«8
•
l8t,08, 1921
P.-Con»., 8a
Bnff. N. Y
OeiieraJ, «a, 1921
Can. So.— iHt, Int. guar. 6a
2d, 58, 1913
.
&
KeK.,58, 1913
Central Iowa— let, 78,'99t
Ka»t. Dlv.— Ist, fla. 1913
lU. Dlv.-lat, 6s. 1912..
Obeeapeake A OIilo—
Pur. money fund. 1893.
6«, gold, aeries A, 1908
17
Erie— 1st, extended,
2d, extended. 5s, 1919..
Sd, extended, 4 Si.l, 1923,
4tb, extended, Ss, 1920.
6th, 7s, 1888
1st, cou8„ gold. 78, 1920,
1st, cons,, id, coup,, 78 ..
Reorg,. l8t lien, Os, 1908
Long Dock b'nds, 78, '93
A
Mi88.R.Br'ge-lat,8.f.6a
Oblc.Barl.A Uuincy—
Consol. 79, 1903
133
133 >a
6a, alnkiiig fund, 1901.. 105
58, det>entnrea, 191;^
99%
la. Div.-S. fd., 68, 1919 '106
48, 19'il
O.R.I.AP.-68,
op.,
1917,
1017
88, reg.,
99 V
94
95
94 Hi
87 i,...
129 Hi 130
129 >3 130
109
1919
Denver Uiv.—48, 1922..
78-..
V
BuCn.Y.AK.— I8t.l916
N.Y.L.E.AW.-New2d68
lOSHi....
AcUustinent, 7,8, 1903...
Conv. debont, Os, 19t)8.
I.eli,AW,B,— Con.g'd.aa,
Ain,D'kAImp,— 5s, 1921
Cblc, Mil, A8t. P.—
.;....!
96
D
Ist, 88, P,
132
130
118
7s, $ g„ R, D., 1902.
1st, La(J. IJiv., 7s, 1893.
l9t, I,
M,, 7s, 1897..
Ist, I.
D„ 78, 1899...
Ist, C.
M„7s, 1903..
Coiiaol. 7s, 1905
l8t, 78, I,A D, Ext, 1908
1st. 8, W, I)iT„ Os, 1909,
lat, o«, LaC.ADav.,1919
A
A
A
ViO\
118
130
A
Si
124
1113
98V
1121,
122
116
96 <S 96
U., 78, I'JIO..
1910
lst,lllic.A P.W.,5a,1921
Mili'l Pt, I>lv., 5s, 1910.
C,A I., Sup,
Wi8,A Min.
Dlv. 63.1921
Div.as, 1921
93
Temiiniil 58, 1911
Chic. A Northwest,—
Sinking Fund, 78, 1885.
Consol, boud.s. 78, 1915.
Kitonsion bonds, 78, '85
91
V
138
102^4 103 V
102»< 10358'
lat, 7«, IM.Sj
I
118" !!I"
1'28V
62
Slioic
A
A
116=4 116
llSSl
J",
r
'
05
191)9..
U5=4i
"s
I..8.— l8t.«8
jip,— lst,7s
•
I
125
a-iBt,88..
1 tit,
conT.,78
.Milw'koe— l8t,78 125
St. p,—lst, 78,^87 loo's
Chic.,\;
Win. A
2il. 7.<,
1'23
l'J07
Ml! vM.id,-lst,6a,1905
if
;
'
.d consol,.
P, Jlin.
Cm
*Om.—
11,)
98
77
l.it.i'iin.59,
74
A
prices Frldar
3,8,
1980
V
Trust bonds,
100
80
Ba, 1922.,.
10.10.6s.1924
L.Erio AW.-lst, Bs. 1919
.Sunduskv Div.— Bs, 1919
Laf.Bl.A .M,-l8t,«8. 1910
I.,oni8v,x.,v|b,AC,-l.at,0s
•
Col. H,Val. ATol.-lat, 6a
Del. L,
W.— 78. con v., '92
Ko
)114
l<il,i;t.,1916
Morlifagc, 7s, 1907
1919.
Os, 1U:10
85
68
106
91
Nashv.A Dec— Ist, 7a..
S.AX.Ala.—S,f„0a, 1910
Loulsv, C.A L,—08,1931
lOSig 106
lli:i2
Col.,t i:u-,-n.
2d, lis, 192(i
'
2d,
117'*
Chlc.t W.IihI. -Ul.a.f„88
(JfU'l
1930
Pensiu-nln Dlv —09,1920
St, L. Div,— 1st, 03, 1921
(is,
C'liii- .-•l.l..,v I'.
Consol., coup,, lat, 7a,
Con,soI„ re.!?,, Ist, 78 ,. 126
Con3oI,, cmtp.. '2d. 7s..
Consul., reg,, 2d, 78 . .
Long lal, UK,— Ist, 7s,'08 119
1st, consol, 68, 1031
Louisville it Nashville—
. '117
Consol,, 7s, .....
Oencml.
lHt,C,.H,1919
St.!'
Clllc.A- Kill,
lsr.s.f..car,
Cnii-ol,, Nl, -,». l!i;u....
>
134
II
130
127
1'29
Mob.-l8t,Bs,19:-lO
117
Chic, Div,-6a,1910
|.
70
>116>a
U6tt
Cairo Div.—6a, 1931
'
73 >a
(General niort,, Bs, 1914
76
Lou, N, O, A Tex,— l8t, 5|
Mauhat, B'lh Co,— Ts, 1909
N.y.AM,llh-l3t,7s.'9^
I
tbeae ace latest quotations made this week.
...
Wabaah-Mort 7s, 1908,
Tol.A W.— lat 6it,7a. 105
latSt L. Dlv„78,'89,! •99
60
Mln'l Div., Ba, 1921
2d, ext, 7a, 1893
Eqolpm't bds, 7s, '83
Consol, conv., 7b. 1807
OtWest'n-lBt, 7s, "88
2d, 78,1893,
78, 1880
Q,<k 'Tol.—
V
V
70
ibid'
90
'76"
TS
103=4 10»
80
Ut
Han. A Naplsa— 1st, 7s
Peoria Dec,
I1I.A 9o.Ia.-Iatex.,6a
St L. K.C. AN.— ll.o.,7«
A p;v.— Ist.
6s
Evans,Div.— l8t,68,1920
PeorlaA Pek, U'n— l8t,6s
Omaha Dlv.-lat
,
INCOME BONDS.
80, Pac, of Cal.— lat, 68.
So. PlM-, of Ariz,— lat, 8a
80, Pac.of N, Mel.-l8t,68
Uni'"> I';t, iii<— 1st. Ba-.
93»4i
114n8'
'
^
7a, '87.89, lOSSi'
:,38, '93-- 118'»'120
:!
:
1st, Oa, IHSiO
Dlv.Bs,ft«9,,'99
1st. .oiiaol.. 68.1919.
At.C.AP,— l3t,6s.l905
At.. J. Co.A \V.— Ist, Oa
Ores. Short- L.— lat, 6s
Ct. 80.— Gcn..78, 190S
Rxten,, 1st, 78, 1909
Pac.— lat, cons., Ba
8d,78,19(i6
Ist, Oa,..
Pao, of
2d, 7s. 1391
Jfo.
Mo—
St.L.A H
P.-'.2d,69, CI.
A
6b, Class c. 1906
6s, Class B, 1906
O..
1st, 6s. Pierce C.
EpulpmenI, 7s, 1893.
*
Oen'l molt.
6.8,
Qen. mort.
Peunaylvania
A
RU.—
Pa.cS>.'a gaar.4
t
6a..
Coapons
".js, 1
off
at.cp
le-a
10\'
30
Ind.lll.,^
Ill's.
11
•55
12
Lake E.AW.
11211
BandTtv Dlv.
llOOij ijif.BlAVon, -lu. :.,Th.
9
S(l>
13
li"
1«
79"'
4>a
OT"*'
O!..
110"s
105
108
97
18
M
I
'9(i=i
Vi"
I6ia
Gr.I!av\'
IIInd'aDecv >!
Leh. A Wilkes!
'
P,',»r
I
]•>
100
97
98
Ro,
.1
h
r
,.
Rome w,
So.i;«r.
8tI.,A
.VII-
By-I
*TH
C If
107
104'
80. Pao.ol Mo._l»t.Ba
Tei.APac.-lat,Ba.l906 lOTij
•09
Conaol,, Bs, 1905 t -..
Tor.
I
96 S, 97 (.Mil, L.Sh. AW.— Incomes
I»i.i>ir •letieu.
Mi'li.t n.
102 Hi
92
93
91
90 >»
96
00 "a
90
l«;il.
Income A Id. gr., reg,
BloO„8a, Aug, op. on
ex Aug. cp.
Do
Ilnlrrttl t>ay<Me if (MfnoJ.)
Atl.A Pao.— Ine., 1910.
Central ol .X.J.-l:ii).S
IIe.T.V.I'
llBia
I
:oi
CoUateral ITuat, 68
59. 1907
Do
Kana.Pac — 1st, Oa, '93 ill"
Denv.
78
No.Mlaaonrl-lat 'fa.. 108 Is 111
West. Un.TsI 1900. ooap 113 ,118
113
1900, reg
190<
N. W. Telegraph-7a, 1904
68 <s
MutUn.TS.-SJil,68,19I
Land grant bonds, 6a.
Weat. Pao,— Bonds, Oa,
I
7a.
CUir'daBr.-6a.l9l9
8tCha8.Bge.— latOa
A Or.— Sor. B., 6a.
C.Br.U.P.-F.cTs.'Oi
,
78
Ind'polis Dlv,-68.192I.
Detroit DiT.-fla, 1831 ..
f.
1920.i*
30
78 *
Hav, Div.-«8, 1910
Tol. P.A W.— lst78.I8I7
Iowa Dlv.— 6a, 1921
118>a'.
110
S«*a
Wab,3tL,APao,—Qen., 6a •97
I
ic
I.
,
E,U,AX,— Ist. Bs,
08,1931
1030
lllHl
l'.AM.-l8tC8,1918 118
N.. Wis— l8t, Oa, 1930
l .i;,-,.l.
|.
A w. Pigeon— 1 st.
Det-M.A T.- 1st, 78, 1900
Lake .shore— Div. bDuds, 120
•2d, 6s,
8lnk,fd, 7s,1914
,1
'
::i
66
102=4'.
A
N,0,A
Sablde DlT...lat,6a,l918
Va. Mld.-M,1aa.,6s.l837
lOSis'.
No.R'way (Cal.)— lat, 6a
Ceclhan Br'ch—7s, 1907
7, 8, fd
78, Iflll
:.
|....
64=4!
New bonds, 7a, 1886..
Clove. P.
Ash.— 7s ...
iOl'a,
1'23
lat, Ter. trast, Ba, 1910,
Central Pac,—Gold 63
San Joaquin Br.- 6a
Cal. A Oregon— lat, Oa
106
10«>a
Tex.* N. 0.~lat(Ta, 18M
Pacific Railroads-
Tol,— ,'<ink'g fd lOS
124
lud'8— Ist,
V
'
l'J6
114
P,— lat,oa!
F..fe.St,
.
U7'»
113
112
Bntr.AErie- Newbd»,78 120
..!«. fl.-b. 5.H,
63
Panama— .S.f.,8Ub.6a,1910
110
'116
lit
111
—
106H
Ooneral. 6s, 1921
Or.4Transc'l-68,'82.1922
Oregon Imp. Co.-lst, Os-i
Oreg'n RR.ANav,— l8t,6a,
Debentures, 7s, 1887 ...I
HluklnK fund,
'.
(Sa,
.
Tei.Cen,- l8taJ,,7a,1909
lat 7a. 1911
Tot, l)el,A Burl.- Main, 6a
lat, Dayt Ultr,, 6a, 1910
OhloSo,- Ist, Bs, 1921...
Oreg'nA Cal,— l3t,Bs.l921l
.Mich, ,so.—
Kal.
Term'l Tr„
»S>a
2d, 6a. 1931..-:
30
Regiatered. fia, 11)21 ...I
N.O.Pac,-lat,B8,g.,I920t
Norf,AW.— Oeu.,Bs, 1931
New Biver-l9t,B8,1932'
OhioAMiss,— Conaol. s.fd
Consolidated, 78, 1898.
Zdconsolldated, 78^911
lat, Springlield Div,, 7a
Ohio Central-l8t,B8,l920i
lat,
lat,
71 "a
lOT
Shenand'hV.— I8t7a,1809
76=4
N.Pac.— 0.1.gr.,l8t,cp:,6a' 103 V'
100
106
10«>«
So.Car.R^.—Isti6s,1830 UM<i
N.Y.N.H.AH.-.lst.,rg,,4a
Cleve,
1929.. 'liaHi
Kiuk. fund, 68,192«,rcg. "112 4
Biukiiii; luud, r,8. 1929 .| lOlHi 101-14
Hiiik. lund. ,*)8, 1929. reg,
Hi]ik ^'td.i1iib.,5s, 1933.
96 Ki 97 ".j'
. .
Rogiatered, Sa, 1931-
89\
4 T.-lai. 7a, 105%
A ljtr..6a, 1931
Ark
lat conaol., 6s,reg., 183*1
Win's UD.-lai, 6s, 18331 lOT
StP.db Dnl.-lat, Bs, 1831 'lOS
N-Y.C.*N.—Gen., 68,1910
Trust Co, receipts
N,Y. A N, Engl'd- lat, 7a
lat, 6a, 1905
N,Y,C,A8t.L -lat, 68,1921
2d, 68, 1923
N.Y. Snsq.A W.—1st. 6 t
Debenture, 6s, 1897
Midland of N. J-lat, 6a
100
Oouiioii, gold, 7s, 1902.. 130
Kegiafd. guhi, 78. 1902.1 1'29
lis,
4*
118 114
.
106 «,
Arkansas Br'ch— lat 7b 110 I
Cairo A Fulton— lat, 7a.
Dakota Bxt.-te IBIO.
1st, oooaoL, 6s, 1938
N.Y.P.AO.— Pr. i'n, 6s,'96|
(3al.
Coupon, 0& 1909
Kent'ky CJent.— M,68.1911
Stamped, 4 p, c„ 1911
Lake
Harlem— lat, 7r, coup ,lat, 78, reg., 1900
N.Y.BleT'd-lat, 78, 19061
N,Y.W.Sh.A Buff.— Cp.,6a
Houst,E,AW.Tex.-lat,78
•2d. Bs, 1913
En.8tcrn Dlv., Os, 1921..
94=4 Indianap.D.ASpr,— l8t,78
91 ".a
lat, 78, ex fund, coups
Int,A Gt,No,— lst,08, gold
102=, 103
110
114
110
30
lll,Cen,-8ud.Div.— Cp, Oa
Middle Div,— Reg.
C,St,L,AN,0,— Ten,l„78
1st, consol,. 78, 1897
2d, 68, 1907
Oold, 6s, 1951
Dub, A S,C.— 2d DlT„ 78,
Ced,F, A Minn.- 1st, 7a.
Ind,BI,AW,-lst, pref,, 7a
1st, 5-Os, 1909
2d. 6.69, 1909
123'* 125
121
112
l8t.S,Mlnn.DlT,,(i8.i910 112
I'ac. DlT.B.s,
121
A
A
General, Bs, 1921
I
,
1
Waco No., 78(....
2d, consol., main line, Sa
No,, 88,1916
2d, Waco
Incomes,
Scioto Val.— lat, cona., 78.
St L. A Iron Mt-lst, 7a
2d, pref. ,78,1804...
Sd, Income, 7a, 1894
Bellev.A So. Ill— lat, 8a
St.P.Minn.A ICaa.— lsi,78
2d, 68, 1809
let, reg,, 1903
Deb,. 58, 1904
Kud,Blv.-7a,2d,a, f„'85;
109
113
>
Rlrh.AAlleg,-.lat,7a,1820
634 83 >s
Rich, A Dsnr,—Oona^g,,68 100
101 >«
Debenture 6a, 1927..
63
AtlACh— latjpr„7a, u; •110
Cairo
H —lat, op., 78
110
102=8.
lOBSi
M, L.,7s, 18911 ....
Western Dlv.. 78 1..
Ist,
Ist,
lat,
.
Isi
l«t, II.
63
.....
Via
2d, 7 3-lOa, P. D., 1898
Chic*
QuH Col. A S.Fe-78, 1909,
2d, 6s, 1923-.,
Han. A St.J.— Con.Os.lOl 1
Houston A Texas Cent—
100
105
99
100
1st. cona.assent. 78,1891)1
Conv,,aa66nte<I, 78, IWO'J
85
flea, r-y
N.Y.C.A
88
2d, 78, 1905
71
St L. AltonA r: H.-lat,7a 114
120>a
Mt,Vem'n-lat,6a, 1923!
FrtAP,Marq,—M,68, 11)20
Oal.'Har,AS,Ant,-l8t,6a
A Col, 5a, 1934....
Weat, DiT.— l8t, 5a
Keck. A Dea M.— lat, 6s 107>a....
•id, 63, 1931
Central of N.J,— lat. "901. lll>all2Hi Gr'n BayW.AStP,— lat,68
Ext.
71
2d, 6a, 1901
Buff.AS.W.— M.,68,1908
A T. H,— 1st, cons.,
110
2d. 78, 1897
N. Y Central-6a, 188T
Deb. certs., ext'd 68
85
llf
10«>a'1O8
Con., lat, ext, 5a, 1823.
'
19'27|
110
Rach.APItt-Iat, 6s, 1831 110
Conaol., lat, 68,1823 ...
83
Morgan's La.A 'T.— 1st, 6al
lat, 78. 1918
Naah,Chat. A St,L.— lst,7a
Collat'l trust, Bs, 1922.
Ev,
Extension, 6«,
\^....'
Rome W.* Og.--lat,1a,'91
117
103
•
1
193019301
119
117
»».
24.78,1898
2d,iraar.,7a,lS»8,...
1004, PttU. (Jlave.A Tol.-lat.Oa
PItu. June— lat, 6a, 1949
|
Ist, 6s,
Ij». .ft Mo. KIT.— lat, 78. *121
2d, 78, 1900
St. I.. Jack.
Chic— l8t 117»»
1st, guar. (664), 7a, '91
2d, (360), 78, 1898 ... 12S
ad,guar. (188), 7a, '98
4a,
2d, 7a, 1891
Eliz.CA N,—8,f.deb.,c,,6a
1920
Eliz,I>ex,A Big Sandy—6a
85
1881.1918
S'thw.Eit.- Iat,7a.l910 US'* 113=4
Pao. Ext-lat, Bs. 1921.; 100
Mo.K.AT.— Gen'l,B8,19'20, 74
74»t
69^ 69'a
(Jeneral, 58, 1920
107 ,107'a
Cons,, 78, 1904-5-6
1.1
Con8,,2d, income, 191
60
H, A Cent. Mo.-lst. •90*103
Mobile A Ohio— New 68 -I 106m08>a
CoUatar'l trost, 6a, 1302
86
lat.
Ti
70
l8t inort..78. 1893
Slnktni; luud, 68. 1903.
lat, 68,
^r
IM
lIU
-> 1 ta
8tLTv.*T.H.-IatJ(.,7a 118
,
MlnD.AStL.— l»t."8,1927 *121
lowaExtL— l8t,78, 1909-
gnuit, 3 Sis, S, A.
1st, cons,, 58,
IHvisional D8,
IM
Ii'i'4
..
1
Alb. A Suan.— 1st, 7a ...
2d,7a, laSs
I8t,con8.,gaar.78,1906
lat, cona.,gu.,Sa, 1900
Rens. A Sar.— 1st, op,,7a
Land
Bid.
CleT.APltta.-OoBa.a.fd
4tli,8. td„ea, 189a
....
Mll.L.H.AW.— lat,6a,1991 101
Mlcb. DiT,— lat, 6a, 924
E,T,Va,AO,-lst,7s,1900t
68,1911
Sinking fund,
117
Det,Mack,AMiir(i,— lat,6a
68
16
Reglatered, 6s, 1931
Jaok.Lan.A Sag.— 6a,'91
Milw.A No.-l8tj 8a, 1610
I
Den,AKioO,Wo8t.— lst,6a
Ohes.O.&S.W.— M. 5.68..
Cbicago & Alton-
Plain
98
OT-i
116
lat, reg., 7a, 1921
90 ^i Denv.A lUoOr.— Ist, 190O
62
lat, consol,, 7a, 1910
Deu,So,Pk.APac,— lst,78,
9S
63
6«, gold, seriea B, 1903
6s, currency, 1918
Hort^e
90 >s
68
95%!
'6S
8KCURITIRS.
I
Regi.Htered, 7b. 1894 ....
1st, Pa. DlT.,op.,7a,1917
Ist, Pa. Div., reg., 1917.
107
Bid.
Hetrqp'Ufn EL—latiigoSl 100 109 S Penn. RR.— Coallanad—
130
96
ad, 6a, 1899
Pa.Co,'a4>«t,Rac,,ini
Max. C^nt-lat, 78,1911.
PltU.C. A8t L.-TaLa.,Ta 'lU
114>4ll4>9
lit M., 7a, exop. A7,A 8 -66<a 67 »
lat. re|>., 7a, 1900.
,1'23
Mlch.Cent,— Cana,7a,1902l 128
•2d,7ari9l3
122
'lOS
Conaol,, 6a, 1902
PItu. PtW.AC.-lat,7a I*
1'25»4 126
6a, 1909
3<l,7a, 1912
1.11
121
122
Coupon, 5a. 1931
100
:'29
3d. 7a, 1912
I
lat, consol,, guar., 7s,.
N,Y, Lack,A W,-lst,
-
j
SRCDRITIK8.
Aak.
I
W.-Contln'd—
B/r.ning.AN.Y.— Istja 118
Morns A Eaaex— lat, 7a. 186
Del. L.
r
*M
'.!!'.!"'.'."''!
I.- I,"
4S
33
30
1
SS
83 »
48
r
^
....I Ci'
....I
•1
64
•40
•>0
lOu
i;4
lU
.
.
.
—
.
.
.
THE CHRONICLK
•B'se
[Vol. XL.
RAILRUAU EARNINGS
The
'
and the totals from Jan. 1 to
The statement includes the gross
from which returns can be obtained.
latest railroad earnings
AND
latest date are given below.
*
earnings of all railroads
^^IThe columns under the heading " January 1 to latest date"
• furnish the gross earnings from January 1 to, and including,
the period mentioned in the second column.
ThelsvBSTOEs' SoppLBsreirr contains a complete exhibit of the
Winded Debt ofStates and Cities and of the 8tooks and Bonds
Railroads and other Companies. It is published on the
Saturday of every other month rdz., February, April,
WeekorMo 1885,
1884.
June, August, October and December, and is furnished with300,544
273,746 out extra charge to all regular subscribers of the CHEOincLB,
96,157
97.303
Ala. Gt. South'n. March
1,346, 13.=> 1,404.056 3,526,581 3,743,424
Atch. T.&S. F. .March
Extra copies are sold to subscribers of the Chboniclb at 50
135,911
l'J7,103
37,354
35,318
-Bo8t. H. T. & W, April
870,773
781.075 eents each, and to others than subscribers at |1 per copy.
48,438
54,398
Bur.Ced.K.&No 3d wk Apr,
98,0O(i 1,990 237 1,122,326
Canadian Pacillc 4th wkApr 187,000
Latest Earnings Reported.
Jan. 1
to Latest Date.
Soads.
1885.
29,417
ith wkAi>r
21,069
Centra! Iowa.
l,735.0O( 2,030.079
Central Paeiflc. April
268.775 313,542
Chesap. & Ohio March
57,519
53,307
EUz.Lex.&B.8 March
128,528
116,110
Ches.O. &8. W. Mai'ch
Chicago & Alton 4th wkApr 130,539 140,397
2,63H,110 2,106,028
CMC. Burl. A Q March
27,767
28,1 OS
Chic. & East;I11 4th WkApr
585,00(
562,289
Chic. Mil,& St.P, tth WkApr
555,100 603,300
Chic. & Northw 4th wkApr
154,600 185,800
Cli.St.P.Min.,S:0. 1th WkApr
30,561
26,814
Chic. &. W. Mich 3d wk Apr.
60,707
62,411
Cln.Tnd.8t.L.&C 4th wkApr
222,292
230.550
Cin, N. O. &T.P. March
28,584
29,682
Gin.Waah.&Balt 3d wk Apr.
12,57t
11,738
Clev.Akron&Col ith wkApr
256,093
277,739
.CI6V.C0I.C.& Ind January ..
21,98"
24,400
'Connotton Val.. March
13,559
16,443
';!Danbury & Nor. .March
438.160 473,34!)
Denv. & Rio Gr. April
6-2,131
69,100
Denv.&li.G.W March
7,171
7,299
Deg Mo. & Ft. D. 3d wk Apr.
38.417
47,614
Det.Lans'ff&No. 4th wkApi
14,40(
15,269
Dub.iMdUxCity tth wkApi
324,400 331.109
E.Tenn.Va.&Ga, March
tth wkApi
13,661
15,281
Evansv. & T.
68,68<J
54.25f
'Flint & P. Marq 1th wkApi
16.760
17.486
R'way & K. id wkApr
Flor.
25,191
17,061
Florida South'n. March
32,539
31,533
Ft. Worth & Uen March
211,097
254,134
Gal.H»r.(fe8.Au. January...
Trunk... Wk Apr.2.'
276,834
306,308
Grand
6,69;
6,685
Gr.BayW.&St.P •2dwkMcli
95.446
121,676
Gulf Col. & 8. Fe March
172,40(
193,536
ni.C6nt.(Ill.&8o) 4tli wkApi
27,101
30,04^
Do ( Iowa) 4th wkApi
40,034
39,573
Ind.BIoom.&W.I 4th wkApi
wk Apr.
K.C.Ft.S.&Giill 3d
41,290
37,726
30,097
21,487
£an. C. Sp. & M .^d wk Apr.
71,571
65.377
Kentucky Cent'l March
19,548
23,163
lake Erie &W. 3dwK Mcli
4H,fi08
I/.Rlr.&Ft.Smlth March
40,270
26,664
26,326
L.Rk.M.Riv.& T March
40,539
4ih wkApi
41.539
I/Ong Island
51, '211
45,163
X.'a & Mo. River January
January...
50,666
39,828
Ic'a Western
H
.
Iiiuisv.ct
Nashv
4tli
wkApi
Har.Hough.&O 3d wk Apr.
^em. & Charles March
.Mexican Central 1th wkApi
Mex.N.. all lines March
Milwaukee
& N('
tth
WkApr
3»1.097
6,210.375
779,779
157,630
356,232
2,454,848
6,233,509
500,215
6.874,001
6,766,783
1,554,025
332.874
1,736,994
195,12ti
106,403
353,285
253,901
*923,626
222,402
600,512
315,674
78.927
79,77(i
.
.536,017
730,519
144,459
127,740
84,338
625,265
51,211
50,666
4,387,777
78,361
335,816
858,148
413.6^3
162,218
349,322
379,426
693.576
601,306
106.814
3.683.632
1,287,518
755,120
342,195
4.780
109.252
87,20f
311,180
4,435
111.925
83,971
139,12;
14,311
31,18v
190.43S
126,53:
145.14.S
76,27r
351,765
1,267,879
406,100
13,949
180,53.=.
&
198,468
196,0C>1
26,252
27,919
483.361
462,564
873.105 1,441,514
Morthem Paclfli- April. ..
4th WkApr
23,030
33,333
Ohio Central
369,45.'
March
420,648
Ohio & Miss
39,59.4
38.809
Southern.. April. ..
Oliio
225,133
212,05(
Oregon Imp. Co February
3,63=1,374 4,002,62Pennsylvania... March
16,924
21,334
Peoria Dec.&Ev 4th WkApr
260.460 285,402
Phlla.&Erie... March
1,919,502 2,188,144
PhUa. & Readiiis'March.
914,465
1,054.46H
Do C. A IronlMarch
360,562 356,129
Eichm'd &Danv. March
68,232
March
75.578
Ch. Col. & Aug
69.062
59.767
Columbia& Gr. [March
44,604
57,024
Georgia Pac. .March,
121,135 119.363
Va. Midland.. iMarch
31,051
38,586
West. No. Car. [March
21,349
28,574
Roch. & Pittsb'g Ith wkApr
132.957
151.476
Borne Wat.<& Og April
22.9K2
16,541
Bt Jo. & West'n. d wk Apr.
32.898
8t.L.Alton&T.H. 4tli wkApr
27,371
l.i,690
22,762
Do (Branches! ItU WkApr
April
33,804
49,379
Bt. L. F. 8. &
110.718 ll-=i,521
St.L.<feSan Bran. 4th WkApr
25.649
18,148
Bt.Paul&Dul'th 4th WkApr
707,^0^)
804,999
Bt.P.Min & Man. April
114.412 110,1,95
South Carolina.. March
72,979
82,300
So, PacNoUiv February
238,222
247, fo9
Southern Div.; February.
February..
137,516 152,101
Arizona
54,752
56.711
New Mexico.. February.
94.986
.lanuary
65,075
Texas & N. O
16.498
17,862
Tex. & St. Louis. 3d WkApr
17,400
20,563
Tol.A A. &N. M. April
1,975,517 1,965.497
union Paciflo... March
75,433
February.
55,306
Utah Central
33 921
Vlcksb'g & Mer. March
36,498
9.019
Vioksb.Sh.&Pac. March
32,23
Norfolk
April
We.st
^Shenandoah V 2 wksMoh,
JWHhem Cent'l March
.
.
|
.
W
,
.
.
.
.
.
.
5,725,261
452,487
6.521,523
6,595,623
1,713,686
470,36f<
91,31<
844,12(
110,676
l,276,62f.
2,688.263
309,982
970,953
143,054
445,174
9,988,596
227, "10
690,677
5,560,513
2,868,880
69.S,079
257.476
169,907
199.899
844,676
142,563
1,271,023
3,554.658
331.057
994,950
149,492
488.518
11,003,593
254,211
747,667
6,386,286
2,8.50,264
996,105
237,165
211,716
170,246
325,041
106,513
341,337
482,911
936.773
216.539
188,341
140,908
336.068
95,349
302,772
456,444
383,371
252,203
169,098
1,361,431
277,391
2,141,550
355,518
184,92
522,12
275,879
109,5 -i:
65,076
476,641
278,013
156.142
1,428.468
282,217
2,361,534
373,594
152,392
518,018
318,170
109,586
94,986
232,451
29 (,146
85,7r,3
5,214,41
140,375
114.971
88,133
4,897,519
209,467
ANNUAL REPORTS.
860,235
150,P56
301,229
2,515,126
762,830
797,8)4
551,698
186,149
666,909
45,160
39,8 if
4,693,178
—
last
447,204
211,097
4,655,573
52,251
271,639
3,540.70d
620,037
573,058
143,463
256,093
66,672
44,093
at
6,355,119
448,837
691,976
573,493
534,080
141.061
277,759
64,300
39.296
1,602,963
163,315
09,180
436,407
288,391
969,489
221,990
813,107
313,366
45,609
86,353
254,134
5,180,664
67,716
385,049
3,267,710
798.05ti
353,2629,350
MllL.Sh.&Wcs 4ih wkApr
447.94ti
143,233
<fc8t.Loul.- March
683.668
167,790
MobileA Ohio. April. ..
546,642
186,737
206,819
Kash.Ch.&St.L March
183,802
66.10s
31,921
N.O.& Northeast March
1,269,249 1,177,892 3,4.59,463
ir.'S.L.Erle&Wd March
440,107
467,131 1,170,772
N. Y. Pa. & O March
720.45(1
263.934
259.471
N.Y. ANewEncr. March
143,765
129,072
N. Y. Ont. & W. March
230,2691,098
71,704
N.Y.Susq.&WesI March
Minn.
1884.
64,'<6l
5,037,915
150,716
126,528
38,947
Lake Shore & Michigan Southern.
(For the year ending Dec. 31, 1884.)
The construction account and the stock outstanding remain
The funded debt was increased by the sale of
unchanged.
$3,500,000 consolidated second mortgage bonds (for $4,000,000)
to pay ofE bonds falling due in 188.5, less the regular contribution of $2,50,000 to the sinking fund.
The remarks in the report are very brief, and the essential
parts are as follows: "By vigorous and determined econoqiy
the operating expenses show a reduction of 16'98 per cent.
While the freight train mileage shows a large reduction,
5,828,746 miles in 1884, 7,170,597 miles in 1883— by reason of
the competition by new lines, on both through and local p^senger business, the mileage of passenger trains shows a small
increase, being 3,459,743 miles in 1884, against 3,403,334 miles
in 1883. The i^roiierty has not been allowed to deteriorate, but
has been, as a matter of true economy, fully maintained; and
in bridges, buildings, equipment, new
side tracks, &c., are included in the operating expenses, nothing
some improvements
being charged to construction. Notwithstanding the large
falling off in earnings nearly 30 per cent the per cent of
operating expenses, including all taxes, was kept down to
61-53.
The per cent for 1883 was 59-43 and for 1883 60-67."
In its statistics the Lake Shore report has always been a
model of clearness and compactness.
OPEKATIONS AND FISCAL EESCLTg.
—
—
1883.
1881.
1881.
1882.
1,310
1,340
1,340
1,177
Miles oporatcd
Operations
3.629,196
4,118,832
3,909,356
carried....
3 682,006
Pass'gcrs
Paes'gcr mileage.... 207.953,215 227,093,953 21.5.715,155 190,5(«i8,)2
2-196 cts.
2-170 cts.
2-157 cts.
1-988 cts.
Rate p. pass. p. mile
8,478.605
7,365,688
9,195.538
9,161,503
Fr'ght (tons) moved.
* 1,639,512
* 2,021,755
• 1.892,868
1.410,545
Fr'ght (t'ns) mileage
0-652 cts.
0-628 cts.
0-728 cts.
617 eta.
Av. rate p. ton p. m.
—
Earnings—
9
$
$
S
4,897,185
12,022,577
1,305,877
4,736,088
12,480,094
1,297,474
4,133.72»
9,358,817
1,351,038
Total gross earnings 17,971.391
Operating Expenses2,182,510
Matut'co 01^ way, &o.
1,596,537
Maint. of equipment.
6,275,361
Transport'nexp'uses
18,225,639
18,513,656
14,843,584
2,323,789
1,552,805
5.968,350
2,095,492
472,566
751,454
503,852
709.011
990,907
6,592,742
530.236
792,476
1,532,252
1.111,329
5,380,166
521,543
583,231
11,-278,428
11,057,807
7,167,832
60-67
11,001,853
7,511,803
59-43
9,133,521
5,710,065
61-53
4,134,789
Passenger
Freight
12,6.59,987
Mail, exp., rents, &0.
Taxes
MisceUaueous
f
Total
Net earnings
P.cofop.ex.toear'gs
1,176,615
6,692,963
62-76
$
* Thee ciphers omitted.
t Includes damage and loss ot freight and baggage, personal
law expenses, rents payable and hire of cars.
INCOME ACCOtJNT.
injuries,
1883.
1884.
$
$
6,69-2.963
7.511,803
158,540
5,710,063
1881.
SeeeipisNetearuings
1882.
Interest, divid's,&c.
238,675
7,167,832
98,392
Total income.
VisbursementsEentais paid
Interest on debt
Dividends, guar.
Dividends, ordinary.
Bate of dividend
New cars & engines*.
Miscellaneous
6,931,638
7,266,224
7,670,343
5,710,063
273,925
2,612,230
357,087
471,876
3,132,120
53,350
3,957,320
3,220.870
53,350
8
5
Total disbtirsem'ts
Balance
.53,3.50
3,957,320
8
2,714,955
53,350
3,957,3-20
8
446.45(>
2,473,325>
674,949
199,597
7,771,371
7,082,712
Def. 839,733 sur.183,512
6,193,995
7,614,666
sur 55,677 def.tl83,932
to $1,01 9,000, but was ch.arged to genertTlie balance to credit ot income account Deo. 31,
of $404,121.
*In 1882 this Item amounted
al account.
1884,
was $4,547,257, a decrease during the year
Michigan Central;
(For the year ending Dec. 31, 1884.)
The statistics below include the Canada Southern accounts.
There was no change during 1884 in the Michigan Central
stock or funded debt, and only insignificant changes in the
construction account.
The land account (Jackson Lansing & Saginaw) shows sales
218,980 of only 3,873 acres in 1884, and the lands unsold on Dec. ?1
March
82 494
.Icr8e.y ...
82,403
4111.197
201
440,951 were 317,136 acres; the cash receipts in the land department
24
e6.«'^7
Wisconsin Ct^nt'I ;td wk Aor.
were $iJ64,536, and the amount due on land contracts is
• Not inuludlnK earninijs of New York Pennsylvania dk Ohio road.
• Not Inclnding the first elx days of January, preceding time when
$396,035, besides $1,481,463 in the hands of Joy and Dennison,
Receiver took possession.
trustees, which will be applied to the payment ot the 8 per
t Nor inniuiliiie Tnrt. Deoatiir & anrlnet. in either year.
^ cent bonds falling due July 1, 18^
5 Not InoludiBg Colorado Division iu either year.
Wab.
WpBt
St.
L &P
April
1,1144S
1,187,141
5,07-2,501
;
.
IfAY
:
THE CHRONIOLE.
0, 1885.]
OPIRATIONK AMD
riSCAI. BKSULTS.
04!»
1884.
1883.
1882.
1,013
1881.
Miles oporatPd
1409
1,50.%
Ojtera'iont
p..--
l^:(>..
1
!
t
FrPlRhl
mllci
,.uovc(i
:
(toils)
ralv V t<>Q
^(irniii(/»—
2.riM
2,07I),'2H()
?,.1(1R,843
a,000,'2.12
i:(j.70ci,iiH irj .viT.imi l«0,7io,''
.M<mI..
'J
07 cU,
-j.ioti.H'.iti
'^
2'.:i
I'ti.
'Jl
1
"I'.i?
•1,179.103
6100.
8300.
s
S
2,812,700
rn
>
B.197.-J
'1.141,-^82
.^,<)l;^,»n9
nitrgo 700,0'J^.i)30 70.t.'J41,320
0-7180.
077-'o.
V m..
PMSMitfcr
1.072
-.mill
ft
$
4,007,.'.1S
n.-tnL-Mio
0,17-2,3(11!
3,14t),.10O
6,fl7B,7:U
3Vi,or>0
6,12(),4»5
Ac...
340,317
5-.;0,8.^)3
7,t.-JO.^H7
573,(i;iO
Total (rroM enmKil..
8,800,487
8,013,OS1
14,000,767
11,650.077
FrvlKht
Mail, exi>nt8a,
Oprrating tiperuet—
$
Uikltit'iKW of way.Ao.
1,627,019
82^,106
Maliit. of eiiiiipm't..
Tnius|iort'n oxp'ns..
3,431,^44
Taxes
219,802
HlacoUaiieoiut
031,939
Total opor. expens...
Net oanilngg
P.O. op. exp.to carn'gg
6,732,096
2,06e,39t
76-50
308,080
2,207,410
1,378,178
5.020,011
255.703
780,607
6,671,726
2,241,359
74-85
9,741,638
4,268,120
69-53
1,170,105
3,121,704
222,8.'.3
2.0l().0(i-i
1,000,SS7
4,415,2H9
203.871
l,l80,170
8.950,132
2,61)9.915
76-84
$
A
$
IiOurlos
9
2,008,301
133,845
2,241,355
127,051
4,268,120
67,701
2,360,306
4,335,830
owned by
iron rails.
The trust e<iulpmoQt connlnta of 108 locomotUea,
flrstclaM passenger oars, 10 moondolan parteogw oari, 1 offliMM*
paymaster's car, 10 bacgaice caw. 4 bagtravp and mAU
oar, 1
cars, 7,100 freight cars, as follows: (5,000 Ix.
T "
.^k, 310
coal, 1.200 flat, 80 cal)oo«o, 4 derrick cars, 1 h'
.-ar.
Of tho above equipment thero wts purch.in.^i <iiiriiig |h«
year 600 box cars, 4 derrick cars and 1 snow-plow car.
M
BARHUOS AMD
(XPEXi::!.
Kamingt from^
IgM.
.-<
llas.
»2.871».J09
PfelKl't
PMM-Bgera
ExpreM.....
tlfflbAn
2M,IW
;
79,8.'>8
S
$3,207,Btrl
.K.J.ii'i
OperallDg expenses and taxes
;
Netesrnlngs
Perceotot expenses to earnings
2,'J89,':31
i.e9B.3M
.;
$818,397
74-49
~M38.m5
184,310
184,310
1,617,061
184,310
2.249.100
2,45l,'292
611..^71
20,448
468.455
374,764
i,
.,,.......„,...,,...„...
....i.....<;.i..... J.
Total
Total dlsbursom'ts.
'Balance, surplns
2,161,381
40,855
2
2>3
^
2,176,135
193,171
New York Chicago &
2,65a,050
'120,753
year, |823,303.
But the tonnage shows a very large increase over 1883, and
except for the extreme depression in rates the net earnings (on
basis of 1883 rates) would probably have been at least $600,000
more than they were.
There are also the following interesting tables, showing that
the company realized on certain assets, and that its floating
liabilities on Dec. 81, 1884, were only $154,306 larger than on
Dec. 31, 1883.
XtXTt.
$729,S57
446,000
569,151
255.474
14,59J
75,000
154, 20i
liabilities
$2,242,785
FLOATIKO LIABtLITIES DECEMBER 31.
452.410 00
157,000 00
131 25
1884.
$2,950,000 00
48^ 8G0 12
1-J8.SS3 88
10(;,617 20
119,159 12
457,220 00
165,920 0<>
5,507 00
$4,167,081 06
pnyable
$4,321,887 38
1883.
$3,lo0,241
308,077
114,104
26,716
Unpiiid pay-rolls
Due to other railroad companies
Dne to W. K. Vanderblit and others
Coupons matured l>ut not presented
Interest on fund, debt accrued, not due
Miscellaneous lUblUtles
Increase
28
09
86
53
.,...$154,206 32
Against these floating liabilities were floating assets of
$956,116 Dec. 31, 1883, and $1,470,131 Dec. 31, 1884, but in the
latter year this includes the item of $346,964 due from Grant
•600
423.007
11,03S.7S7
l-ti8
&
1-9V
owned by company, BufTalo, N.^'.,to Qrand Crossing, lU.912-52
TRACKS OF OTHER COMPANIES USED.
New York Lake Erie A Western Railway Co., In Buffalo, N. Y.... 1-60
£-90
Lake Shore <& Mich. So. Railway, Urand Crossing to Chicago
line
523-02
(>(«1,M«
Ohio.
81, 1884.)
The remarks
of Mr. C. P. Huntington, the President, in the
annual report, are quite brief, and the substance of them is
embraced in the following extract:
" The gross earnings for 1884, in.»tead of showing, aa we had
hoped, a handsome increase over thoee of 1888, have fallen of
about ten per cent, and the net earnings nearly twenty per
cent," * • *
"This shrinkage is due to the loss of business consequent
upon the stoppage of coal and ore mines, furnaces, saw-mills
and scanty crop exports, and to the fat* that rates have been
so low as to leave too small a margin over the cost of conducting the business. Wliile we have suffered, it is true, from the
partial stoppage of local shipments along the line of road, tlie
equipment has been kept at work in moving freights brouglit
to us from Western connections. Unfortunately this business
is, for the most part, secured by sharp competition -with (he
several trunk lines to the north of ours, some of which ap|>ear
to be more concerned to show large gross earnings than
returns to those who have built or who own the pr .perties;
so that while turning as many wheels as in former years, we
have received, as to a large portion of tlie traflic, less pay for
the service. No doubt in this way we have kept our organization of labor and equipment together, ready for an improvement in business, and incidentally may have helped some of
our patrons to do the same. These sacrifices, though real, are
in danger of being overlooked or forgotten by the public generally." * * »
^.
,
"The total output of cOal and coke from mines along tlu«
patt, in tons of 3,000 pounds,
company's road for three years
1»J,
is as follows: 1884, 966,910 tons; 1883, 1,001,090 tons;
* * * "There has been no increase of the
950,900 tons.
funded debt during the year; and $107,000 of the equipmeht
bonds have been retiri'd. Rather than part with any of Oie
bonds of 1923, authorized for the Old Point Comfort and other
branches, at less than their face value, the directors have bor'
as liave from time to time
been needed. All supply bills, pay rolls and current purchase*
have been met at maturity with the same promptness as here-
rowed on shorter time such sums
*
tofore."
Tj„
The company's proposal to the holders of Its series "B
bonds was given in the Chronicle of May 2, on page .Vtl.
The earnings and expenses for three years were as follows:
188-i.
There are also the following remarkable items; $590,337 on
the side of assets in the balance sheet for "amount held by
;"
equipment trustees to bo applied in purchase of equipment
and in the floating a^-ets, as above, the item of $447,070 cash
held by Union Trust Company, Dec. 31, 1884, "to pay interest," when thero was no interest on bonds due till March and
April, 1885, and then less than $175,000.
Altogether, the figures of this report need some explanation.
The ea' nings, expenses and disposition of net earnings are
given further below. The road operated is as follows
Total miles iperated
-176
475,274
14,610,410
carried
...,iii^
Piissengers carried one mile
Rate per passenger per mile, oeata
&Ward.
Main
188K
333,630.583
(For the year tnding December
31, 1884.)
Net earnings fovor rentals)
Incronse of Jd mortgaee bonds
Saloof stoclt of C'iufinnati Ham-lton & Dayton RR. Co
Rediietlon of amount lii-ld l\v Eqiitpmcut liond Trustees
Diviilcnil on stoclt of Cincinnati Hamilton & Dayton KR. Co.
Special depoBit witlidrawn from Metropol. Nat. Bank, N. Y.
traffic for
1,768,773
604,371,112
Pas.'ienfters
St. Louis.
;
Unpaid voiu-hers
moved
Tims of freight moved one mile
Rate per ton per mile, cents
Chesapeake
It is to be regretted that tlie report of this company does not
contain some remarks and explanations regarding its financial
There are several important items in the incomo
situation.
account and balance sheet which require elucidation. The net
earnings for 1834 -were $S18,;i.57, and fixed charges thus: Interest on 1st mortgage, |;900,000; on equipment bonds, $280,000;
on 2d mortgage, |38,368; on unfunded debt, 1123,351 rental,
^,000; total charges, 11,441,719; balance, deficiency for the
BESOUaCES OF THE
As compared with 1883, the freight and passenger
1884 show the following changes:
Tor.sot freight
4,169,279
166,551
(For the year ending December
fs2348i
.,....^.,;,. ..,,...........;.. ..,..„
1884.
6
The balance to credit of Income acoountjDec.Sl, 1884, -was $827,293
Bills
$t,229,36(
123.331
90,000
...-'.... .••......•«•'*.••.>«. ..a,. •..*•.•.•. ..$1.441,7 18
...i......iii.
818,337
1,124,292
Increase uf tloatiug
72-88
or kbt aABXimM, 1884.
Interest on funded debt
Interest on unfunded debt
Rentals of terminals
Deficiency.
184,310
1,508,616
•
M ,0S
!ti,920
..,.,
Total
7,S02
<«.M7
.
»
2,779,803
Rentals paid
Interest on debt
Can. 8o. (i-j of net)...
Dlvldeuds
Do
rate per cent
Ulscellancons
.
'
SM,«h
10,t07
—
Oilier souroes
M»»»
Net earnings, 1884
income
DithurtemetUi—
Ttotal
ownedTii
U mllw wtfi
2,60i).915
2,202,230
line
954)9 miles or Hilc uaok. making in all 618-78 mllM
wlilch Mi-6-i milcii are laid with itMl rail* and 91
nisi-osiTioa
1884.
1883.
1882.
1881.
In oddltioD to tho milwof miin
the oompMr.
M atated almvr. thero ara S-31 tailw ot aecoo'l in«ln traok Mi
$
9
1,7.58,084
f Inoludf a lexal expcnsea, rentals, loss and damage of freight,
to pcrsoug. o»r iiiUeago. coiumissions, and several small Items.
•Three ciphers omitted.
INCOME ACCOUJIT.
Reeeiplt—
Net earnings
lut'st and dividends.
417
490
Miles opcnited
Bamingt—
3.181.033
I30,6.i4
lt3,439
$3,834.97 7
Tot. gross cami ngs
0,.tra(ing ej^penieiMivlntenance of way, etc
Total
$69.M0S
0,^J9
104.840
$3,906,701
$3,938,601
mn
$184,951
^4'^. 199
2,'i<
Freight
Mall, express, eto.
Net earnings.'.'
Per cent of oper. exp. to esm.
513
$«24,598
Passengers
Malntcuaiu-eof cjurs
Tninsportai Ion expenses
Motive power
Oeneraiand taxes
188S.
1883.
««i
*IoJ'?nT
4^.->./ui
I
i
1,1C4,3665
ion aim*
iBw.sa.*
27!»,7S6
96l,Ti«4
721.305
152,067
2T73^fe»
-.0.>.3-i9
97; ,764
670,600
140,»eO
»2,3ti2.449
$-2,S»9.9S2
$3,499.^41
.$1.032.63J
$1,306,859
66-94
$t.0-}8,86$
6000
The liabilities of the company on December
and 1884, were as follows:
70-66
31, 1888,
18M
THE CHRONICLE.
568
1882.
88,147,803
8,861,015
15,906,138
First preferred stock
Bccond preferred stock.
Common stock
1884.
$3,447,803
10,075,715
15,906,138
1883.
f8.147,803
9,468,385
15,906,138
$32,914,956 $33,822,306 $34,429,656
Total stock
Bondt—
Vlrgiiiia Central bonds,
Kotcg on Virginia Cent, bonds.,
Purcbaee money bonds. 68
Gold bonds, series "A." 68
Gold bonds, series " B," 6s
Bonds of 1918, 6s
Bonds of 1911, 68
Bonds of 1922, 68
Equipment bonds and
notes....
Total bonded debt
Other UabUitiet
""296',006
$12,310
$12,740
10,450
2,279,000
2,000,000
15,000,000
10,382
2,279,000
2,000,000
15,000,000
10,122,500
2,000,000
42,000
1,057,593
10,12'2.500
2,000,000
42,000
1,014,000
$31,690,298 $32,480,690 $32,523,784
—
,
$13,158
10,640
2,279,000
2,000,090
15,000,000
10,122,500
1,975,000
Coupons unpaid
457,229
223,328
269,909
159.840
5,168
953,115
370,530
260,127
171,233
7,493
$121,888
1,596,624
353,694
15,708
165.238
9,224
$1,115,474
$1,762,498
$2.262,376
Personal accounts
Audited voucliers unpaid.
Bills payable
Pay-rolls
Vndaimed wages
Total
$65,720,728 ^88,065,494 $69,215,816
Total liabilities
cash on band, bUle rec'vable,&o
1,442,266
[Vol, XL,
With the exception of 6-98 miles between Lexington and
Mt. Sterling, the entire road is laid with steel rails.
The report says that the statement shows a gratifying
increase in the earnings annually, and although the year just
closed was one of exceptional dulness throughout the" country,
there was an increase of 6-89 per cent on the gross earuinga
and 18-76 per cent on the earnings over operating expenses.
"There was in 1884 a decrease in the earnings derived from
passenger trains of $6,260, or 3-32 per cent, with an increase
the train mileage of 1 '79 per cent. Freight earnings have
increased $51,245, or 10-33 per cent, with an increase in the
train mileage of 44'21 per cent, and the total earnings have
increased $49,535, or 6-89 per cent, with an increase of 28-55
per cent in the total train mileage as compared with the
results of the year 1883.
Mr. A. L. Reid, the President, remarks in conclusion "It
gives me pleasure to report that the property is in excellent
physical condition, and will compare favorably with any in
the State.
have expended for new construction and
improvements in the year the sum of $38,700, and there was
expended for the same purposes $106,307 in 1883, making a
total of $145,007 for permanent betterments in the two years."
m
:
We
EAKNINGS AND EXPENSES.
1,743,175
1,635,652
$64,278,462 $66,429,842 $67,472,641
1882.
1883.
1884.
$147,683
346,270
41,200
$188,772
500,672
23,658
$182,511
551,917
28,199
$535,154
378,899
$713,102
496,061
$762,628
504,575
Earnings over operating expenses. $156,455
INCOME ACCOUNT.
$217,041
$258,053
Passenger
Freight
Chesapeake Ohio & Soathwestern.
Mail, express, &o
year ending December 31, 1884.)
Total
The number of miles of road operated is the same as last Operating expenses
year. -viz.: Owned, Elizabethtown. Ky., to Mem{)his, Temi.,
(.For the
a51'58 miles: Leased, Louisville to Cecilia, 46-90 miles. Total
ipiles of main line, 398-48 miles.
" There has been an increase of $62,393, or 6-80 per cent in
freight earnings, with an increase of 16-10 per cent in the
train mileage. The tonnage shows an increase of 21-203 tons,
or. 12-09 per cent, in coal; a decrease of 7,511 tons, or 3-59 per
<>^nt in local freight; ana an increase of 35,725 tons, or 18-68
jpiet cent, in through freight, making an increase of 39,417
tons, or 7-55 per cent, in the total number of tons carried.
There has been also an increase in the average length of haul
of 17-78 per cent, increasing the ton miles over 1883 26-94 per
cent. This would have added handsomely to the gross earnings had we obtained this year about the same rates we received
^e
1883.
1884.
$156,458
$217,278
$259,240
61,860
110,340
(18,086
81,617
<
169,710
19,200
22,436
13,371
1882.
Netreceipta
Disbursements—
Interest on debt.
Rentals
Taxes
Miscellaneous
2,979
(51,809
Total disbursements
Balance
$143,477
Sur. 12,979
$183,214
$224,717
34,064
8ur. 34,523
Sur.
Toledo Ann Arbor & North Michigan.
(For the year ending December 31, 1884.)
iaigt year on this traffic."
Mr. J. M. Ashley, the President of this company, makes a
The President, Mr. C. P. Huntington, remarks in his report full annual report for the year 1884, from which the informatiiat since its acquisition by the present interests there has tion below is condensed.
A map of the road will be found in
iMBen expended for construction and equipment the sum of the Investors' Supplement, on page 83.
Mr. Ashley remarkg
53-38 miles of new road, in his report " In submitting their fourth annual report of
43,115,242, covering the building of
321 miles of steel rails, 35 locomotives, 1,000 freight, 12 pas- the operations of this company for the year 1884, the board of
eenfter and 4 baggage cars, and other large improvements and directors congratulate the owners of its securities, and the
additions, and valuable terminal prox)erties at Louisville, stockholders, on being able to submit so flattering an exhibit
:JPaducah and Memphis. There still remain 176 miles of old of its material and financial condition. Notwithstanding the
fSOn rails in the main line, a part of which it is necessary to long and disastrous strike in the Hocking Valley, and the genr^new this year, and arrangements should be made for the eral business depression in the Northwest, the lar^e reduction
renewal of the remainder as early as practicable. "The Louis- in the operating force of all manufacturing establishments,
ville New Orleans & Texas Railway was built by parties largely the entire suspension of many industries, and the marked
interested in this property, and was completed in October last; falling off in the traffic of nearly all the lines of railroad conbut as they were engaged in perfecting their connections and necting directly with us, our business for the year 1884 shows
iphysical condition of the road, their operations were confined a steady and profitable growth, the increase exceeding that of
niainly to local business, and we derived therefore no advan- any preceding year in our history, as wUl be seen by an examtages from this connection during the three months inter- ination of the annexed statements."
'Vening between the opening and close of the year. We expect,
The earnings given in the table below are for the same
however, to attract to our line quite a share of its business mileage (sixty-one miles) and rolling stock as used in 1883.
during 1885. The completion of the Louisville New Orleans The gross earnings (from the date of consolidation, July 1)
Texas Railway finishes the last link in a system of railroads for the last half of the year 1884 were $137,351 operating
«xtending from Newport News on the Atlantic Coast to New expenses, $79,063 net earnings, $58,187.
Orleans, covering 1,588 miles of road in direct line, with 438
INCOME ACCODNT FOR 1884 (KKOM DATE OF CONSOLIDATION.)
miles of lateral lines, of which all but the 93 miles between
$5,49S
Lexington and Louisville is controlled by interests associated Balance from old company, July 1, 1884
58,187
41so in this property and of this system, traversing sections Ket earnings six montha
Earnings from contractor's operation of the Northern Division,
of this country susceptible of great material development
3,551
for October, November and December, 1884
and wealth, the Chesapeake Ohio & Southwestern Railroad
$67,236
Total net receipts
forms the link over which the products interchanged between
be Atlantic Coast and the Mississippi Valley over this system Interest on bonded debt, six months on $1,260,000$37,890
T. A. A. &G.T. bonds
must be carried."
12,000— 49,800
$400,000 T. A. A. & N. M. bonds
EARNINGS AND EXPENSES.
:
A
;
;
;
1883.
Passenger
$338,698
916,140
67,615
1884.
$324,817
978,434
71,394
Increase.
$
Dterease.
$13,881
$17,436
Balance, surplus, carried to 1885
"The operating expenses for the
year 1884 are
Mail, express, &c
57 6-10 per cent. It is estimated that the operating expenses
will ultimately be reduced to about 53 or 55 per cent of the
Totai
$52,190
$1,322,455 $1,374,646
gross earnings. We vrill be able to operate the road for this
Operating expenses
1,013,534
21,160
1,031,695
proportion of its earnings because of the income received from
Ket transp'rtat'n earn'gs. $308,0 20
$330,950
$31,030
other railroad companies wlio use a portion of our track, with
INCO.ME ACCOUNT.
their own equipment. The rentals received from this sourcej
1883
1S84.
$308,920
Met earnings
$339,951 entail upon us small comparative expense, and it is believe
Disbursemenis—
that these conditions may be relied upon as permanent. If,!
.$335,280
Interest on bonds
$157,441
time be terminated, it is esti-f
60.000
Eental Cecilian Br
60,000 however, they should at any
Taxes, &c
32,192
83,132 mated that the increase in our traffic would amply oompensab
29,.'S95
Miscellaneous
20,607 us, BO that we shall be able to maintain and keep in first-clasa]
condition the property of the company by expending for oper
$4.) 7,067
Total
$621,180
Def. 148,147
Def. 281,220 ating expenses an amount which shall not exceed 55 per centi
Balance
of our gross earnings." * * "From the completion of our road to!
Elizabethtown Lexington & Big Sandy.
South Lyons the percentage of uninterrupted increase inl
(For the year ending December 31, 1884.)
business has been remarkably uniform. Tliis steady gain iai
The length of road operated by this company is
trafflc demonstrates beyond question the increasing huld whichj
Miles.
Miles,
Toledo has secured upon the commerce of Central and NorthOwned, Lexington to Junction with A. C. & I. Co. near
ern Michigan by the opening up of this line of road, and vin-j
101-91
Denton
Owned, A. 0. & I. Junction to Bte Sandy River
728— 109-19 dicates the practicability and necessity for its construction as!
Leaeed. Junction with A. C. & I. Co. near Denton, to
» * »
a legitimate business enterprise.
^
21-40
A. C. & I. Junction
"On the 24th of June, 1884, tire agreement for consolidation,^
Leased, West Side Big Sandy River to Huntington
8-77
the resi)ective boards ot
which had been formally approved by
Ji-relght
62,293
3,778
last half of the
,
:
'
Total
13a-42
I
b
'
.
Mat
THE CHRONICLEj
0, 1885.]
directors of the " Toledo Ann Arbor & Griind Trunk Company" and the " Toledo Ann Arlior & North Michigan Cxyinpany," was 8ubinitte<l to a vote of the Btockholdern of each of
said comt«inio8, iis providinl by tlie lawn of Micbif^m and Ohio,
and was duly ratitiud <and confirmed by a unanimous vote of
each company, so that from and since the first day of July,
1884, the legal
name
of the corporation has been the "Toledo
Ann Arl>or North Michigan liuilway Company." AlthouKh
the financial condition of the country during the past year
was not favorable for now ontorprisos, yet the proposed extension on the Northern Division, lietween Owosso and St. Louis
(some forty niilos), was completed and a mixed passenger and
freight train was put on the line by the contrat'tors to aooom-
&
modate the
The route thus occupied secures this
company in the possession of a well-deflne<l territory, practically free from competition, so that the future extension conlocal traffic.
may now be delayed without jeopardizing our
future interests.
It has been doomed best to have the completed portion of the Northern Division operated by the contractors until connection stiall have been made witb the Southern Division. The mileage, therefore, on which the operations
for the year 1884 are given in this report, remains the same as
» » •
in the report for 1883"'
"Assoin as practicable, construction work will begin on
the Northern Division, for the purpose of penetrating farther
into the timber belt. The development of this timter traffic
is necessary, in order to equalize our rapidly-increasing northbound tonnage, which is now eighty per cent of our total tonnage." » » •
BALAHCB SHEET DECEMBER 31, 1884.
templated
Aiaeti.
Construction
91,395,808
206,668
3.432
27.109
109.690
Equipment
Fuel, etc
Cash
Dae from afrentsand
otberg
Total
$4,742,110
Liabititiea.
Capital stock
.$2,700,000
1,660,0(0
43,369
Funflcd debt
Bills payable
„..
Car trusts
;
J^...
Voucliersaod accounts
Due J. M. Ashley for rolling BtocK, etc., (urnished by him....
Income account— Deo. 31, ISSi
39,124,
88,807
143,572
67,236
...,...„..
;w,742,110
laMdMoo
New York Lake
Erie ft Western.— The compUoktiooa ssmX
between this company and iu Chloaco Ho*,
the Chicago & Atlantic, hare been one of the prtaoipS
litigation
for the break in its stock.
A suit bM bin.
brought by the Chicago & Allanllo against the Erie aaA
New York Pennsylvania & Ohio, to enforoe ooBtnots for
exchange of triifflc and the traffic guarantee of Chioago 4b
cauiies
Atlantic's first mortgage bonds, on which interest hMOesn
defaulted; to secure payment of $100,000 claimed to be dii»
on business sent to the Chicago
Atlantic, and to compel a.
continuance and just performance of the contract in fntorak
It is incidentally stated that up to November 1. 1884, sdrsnc—
of $1,700,000 were due E^e, but under the agreement adTanoa*
formed a lien secondary to interest on the Chicago
Allaatl*,
&
&
firsts.
In Cincinnati, May 1, a petition was filed in the Soperior*'
Court by George Hafer against the New York Lake Brie Se
Western Railroad Company, Hugh J. Jewett, and others, toenjoin the company from voting a proxy for 23,000 shares of
the stock of the Cincinnati Hamilton & Dayton Railroad. Bjan agreement entered into on April 15, 1882, 22,000 shares of
the stock were transferred to Mr. Jewett, who issued certiftcates therefor to William Hooper, Henry Hanna and M. Werk.
trustees representing all parties having an interest in UiAtrust.
One of the terms of this agreement was that Mr
Jewett should upon demand deliver to the New York Lak»
Erie & Western a proxy whereby that company should bo
enabled to vote this stock at any election. The purpose of
the present proceedings is understood to be to break the hold
of the Erie upon the Cincinnati Hamilton & Dayton road.
—The statement of gross and net earnings for 6 months of th»
current fiscal year is given below, by months, and the grosa.
earnings include 68 per cent of the earnings of the New Yoijc
Pennsylvania & Ohio leased line, the other 33 per cent of th»
earnings of that line being paid as rental The net earnings
are correct, and show the actual results to the New York Laicft
Erie & Western Co.
,
Groa Eamingt.
Bankers'
November
December
January
February
GENERAL INVESTMENT NEWS.
suit
decided that the director* be authorised to Imaa couaoB «••
registered, bonds or sealed notes, from time to time,
to the bonds already issued, to an amount not ezoeedloc:
""
$500,000, for the purpose of funding the Uoatinc <*«•»*• *o.
October
Total
March....*
&
Merchants' Telegraph.— In the foreclosure
against this company Judge Donohue has ordered that
fmother receiver be appointed in addition to Mr. Butler, who
ays he is glad to have some one to share his responsibility.
M».
Totaiamos.
.
-Tfel
Saminat.-
1884-5.
$1,867,857
1,703,338
1 ,570,395
1,315,443
1,371,621
1,568,522
1883-4.
$2,411,140
2,180,983
1,823,569
1,406,394
1,495,540
23.5,827
364,137
$943,389
7O3,07S
226,34*
85,77»
238,221
212,618
$9,397,169
$10,974,841
$2,236,612
$2,309,410
l,."i67.21l
1884-5.
1883-4.
$627,842
487,825
350.343
170,638
New York & New England.—The Storm King
Bridge bill
was defeated in the N. Y. State Assembly by a vote of 63 to >!«.
•
New York West Shore & BolTalo.— A meeting of tfa»
Bradford Bordell & Einzaa. The earnings for the quarter
West Shore Committee of Reorganization, of which Abram 8L.
ending March 31 are reported as follows
Hewitt is Chairman, met at the o£9ce of John A. Stewart^
1395.
Vlutngi
1S84.
CAa
President of the United States Trust Company. It is underEarnings
^3,857
$15,725
Deo. $1,968
ExpenseB
11.869
18,444
Deo. 6,575 stood that the committee is engaged in considering whether
the plan can be so modified as to be made acceptable to a.
—
:
Net$l,988
Netordeflclt
Def. $2,719
Ino. $4,707
majority of the bondholders. The modifications prcmoeeii
embrace a considerable reduction of the proposed issue of newunder foreclosure of mortgage this week. It was bought in bonds, a different method of funding the old bonds and stock,
by the bondholders, their counsel bidding $35,000.
and the securing control of the property for a time to the
Central of New Jersey. At the annual meeting of stock- &resent mortgage bondholders. Some new proposition mar
B expected soon.
holders the old board of airectors was re-elected. There was
In the meantime, Kieman's News Lftter of Friday mvs r
a sharp discussion at the meeting. President Little said that
the directors had done everything for the stockholders and " We are advised that there is every indication that the Week
fears of protracted litigation had kept the directors from Shore complications will be settled shortly," and gives the
demanding the road. " We are protecting ourselves by refus- outline of a plan for issumg $14,500,000 of mortgage Soada for
ing to issue stock or bonds to Reading.
The stockholders, prior liens and $30,000,000 for the present $50,000,000 bond%./
these new bonds to be guaranteed 3}^ per cent per annum by
however, adopted the following resolution
Resolved, That the directors arc herhy instructed to take possession New York Central. The authority for this scheme is not givMl.
Brooklyn Bath & Coney Island.
—ThiB railroad was sold
—
'
:
and manage the Jersey Central propiTty until such time as the Reading Co. is in a position to pay interest on the bonds and the dividend ou
the stock
of
Central Pacific.—The gross earnings for four months Jan.
to April 30, 1885, were $6,310,373, against $0,355,118 in 1884.
The net earnings for two months (.Ian. and Feb.) were $895,800 this year against $417,7(59 liist year.
1
Delaware & Hudson Canal.
— Fortlie quarter ending March
net deficits on the several leasetl railroads of this company
after paying all charges including rentals, were as follows
NET DEFICIT TO LESSEE.
31, the
:
1885.
1884.
By Susquehanna DlvUion
By Saratoaa Divihion
ByUlica
$36,503
93,703
10,8^1
$138,898
84,7(54
11.701
26,541
34,755
$155,789
Divi.>»ion
ByChaniplaln Division
$284,958
Diferenees.
Ino. $102,3!)5
Dec.
Dec.
Inc.
8,!>3:t
5.6(iO
20,0.14
1
Northern Central (Md.).— A large number of the holders of
the $1,490,000 bonds, maturing July 1 next, it is understood ^
have taken at par the new series of substitutional bonds secures ?
by the consolidated general mortgage of 1874, bearing 4Ji per
cent Interest. The option expires on May 15.
Philadelphia .fe Readlng.—TheBartol Committee of genmortgage buiidholders and the Whelen (;ommittee, representing the managers, stockholders and others, liave agreed
upon a compromise plan which embraces substantially tha
features suggested by the Chronici-e when the other plan waa
The arrangement now proposed calls for aa
first broached.
assessment on stock and junior bonds, pays part of the general mortgage bond interest in cash, and thus appears to do
substantial justice to the holders of this lien. The plan is oa
eral
follows
Total losses
Inc. $129,17('
East Tenn. Vn. & Ga.~At Atlanta, Ga., May 2, the litigation over the receivership of the Georgia division of the E.ost
ti
Tennessee Virginia
Georgia Railroad was settled, and Mr.
Henry Fink is now in complete and undisputed possession.
&
Fitchbnrg— Boston Barre & Gardner.—The stockholders
i the Fitchburg Railroad Company held a special meeting in
'oston, M.iy 7.
They unanimously voteil to accept the act ol
the Legislature of Massachusetts authorizing the union of
their road with the Boston Barre
Oaniner, and to consolidate on the basis of the articles heretofore published, allowing
Boston Barre
Gardner shareholders to exchange their stock
on the bHSis of ten to one of the Fitchburg shares. It was
I-
:
General Mortgage— The securitica iMued fur deferrrd ooopMia
fhln live years from the maturity of eaoli ooapaa,
shall be -''
crcon aeuii-nnnuairy at 6 percent.
andih.
.....
>.ijustiiicut Si-rlp— ihe coupons July, teSl.aluulDtt
2. <;„
III*
lit overdue coupo!!.Ithotaain-Asfcnt to tlie r
..nlheO"**-I'd topav iirrihf
1.
:
'.. .:,.,.!
,,
iiriorltx
i
throo
iired
j;l»lec.
;,'
,,^ ,,„
to lie relHliied^iv the ciunpauy.
jiutoes and Tralllo Contrueis— Kiirtber
t
i!
&
&
I,,
...
,',,
HI
'
I
,tc.
iut"«—The
pomiaiiauuiio.. «
reaaonsSw
deiuAudrd from comptuiloa und IndirlduaU D««
lio (at
geneml mortgage boOdhoMery
the expeuaeof tbo oompwiy)
all*!!
atiall
•«««
^
«•
—
—
,
THE CHRONICLE.
570
XL.
Oregon Navigation.— The JV. Y. Trilune says: "At the
conference in Boston on Tuesday the committee of the Union
Pacific and Northern Paciflc railroad companies agreed in
making an offer to the committee of the Oregon Railway &
Navigation Company to lease jointly that company's property
at the rate of 5 per cent dividends on the stock for three years
and 6 per cent afterward. The committee did not accept the
offer, but replied with one somewhat more favorable to the
accountsof the company quarterly, Judge of the propriety of oharsea
to capital and expense, and all other accounts respectively, recounnond
cTbaugcs (-where iu his judgment necessary) to the Board of Managers
anil report to the general niortsrage bondholders.
6. Control of Coal & Iron Company's Stock -The stock of the Coal
& Iron Company now pledged as collateral shall be redeemed as eoon
aspoFSilile, and shall be placed beyond the power of the managers over
•gain to use as a rollateral.
7. Asoiicy of Reorganization— Seven reorganization trustees shall be
appoinlcil, as follows: One representing foreign creditors, two represeiiting general mortgage, one repiesciiting income mortgage, one repreeeniingfecurltica junior to the income morteage, two representing
the fhnrcholders, which trustees shall receive the .assent of parties In
Interest .ind receive and hold the securities and assessments thereon
pending reorganization, and when accompli allied shall ret urn tuch securlttes, duly stamped. Ac, to their respective owners. The expenses of
thi^ trusteeship shall be paid by the company, providing the authority
of the Court can be obtained for so dolug; failing which, each bondholder fhall pay to the trustees on assenting and depositing liis securities one dollar for each $1,000 bond, and each stucliholder ten cents
per share. Tlie parties assenting shall execute a contract with each
ether to make it binding and itlectual.
"Any surplus unexpended by the trustees shall be returned to the
respective owners of securities pro rata.
7>£. The selection of a trustee to represent foreign bondholders shall
1)6 referred to a meeting of such bondholders, to be held in London the
eelectlon of two trustees to represent the shareholders to the Board of
Managers of the Philadelphia & Reading Railroad Company ; and that
Metsrs. Borlo and Bartol be constituted a committee to nominate the
rfenialning four trustees, subject to the approval of the Whelen and
Bartol committees.
8. Assessment of Juniors and Stock— A collateral trust loan shall be
per centper ancreated not exceeding$10,000,000, bearing interest at
num, secured by such valuable collaterals as tlie company can command, which loan snail be otl'erod to present holders of secured floating
ifebt or be negotiated to aconmplish its i ayment. The holders of iucomo
per cent of
Ibitnds and convertible aujustment serin shall pay in cash
the face value of their securities: the tiret and second couaolldated 5's
shall pav in cash 10 per cent of the par value of their holdiugs. Boudkblders junior to these and holders of the Coai & Iron Company's debenWres. 20 per cent of the par value of tbeir holdings, and the stookliolders^'O per share, or the holders of the several classes of bonds and
stocks herein enumerated Fhall surrender a corresponding amount in
value of their rf spcctive holdiugs, the several proportions to bo determined by the reorganization trusiees.
For such cash payment they shall receive income collateral bonds of
the company, secured by such remaining collaterals as the company
Oregon Company. The difference was so small, however,
that members of the committees regard the joint lease almost
as an accomplished fact excepting the arrangement of details."
There has been considerable discussion among friends of the
Oregon and the Northern Paciflc companies as to whether or
not the Union Pacific can make a valid lease and guaranty
without the consent of Congress. It has therefore been
reported that the lease would be made probably by means of
the Oregon Short Line Railway, which is owned by the Union
Pacific.
Uailroads in New York State (Quarterly Reports.)—The
following abstract, showing the operations for the quarter
ending March 31 in 1884 and 1885, has been specially compiled
for the Chroxicle from returns made to the Railroad Com-
;
missioners.
Zona Island.
.
—
.
$456,715
376.S06
$439,801
$711,909
$.18,600
31,398
28,979
Net earnings
Income, other sources.
3-<3.20l
$111,307
Total net receipts.
Deductions —
Interest onbonds
All taxes
1
$571,705
$516,9S0
$571,705
$165,725
34,115
18,750
$61,505
17,400
g0,i46
$235,000
$36,663
37,500
4,.'50U
I
I
$116,98(3
$83,570
f
loii-i.flQJ
/*loi,.'J8a,
Rentals
Miscellaneous
—
Boston d Albany.
188-i.
1884.
$1,673,748 $1,751,692
1.156,702
1,179,987
.
1884.
1885.
Jleceijils-
Gross earnings
Operating expenses...
.'i
$309,163
$14:1,638
$218,590
Total deductions.. $151,539
Balance
Def. $10,282 Def$58,079Sur$298,3968ur$2U2,542
control.
a discount at the rate of 6 per
On all assessments paid prior to
annum shall be aUowed; and on subsequent payments a penalty of 5 per cent shall be charged in addition to interest from that
dat-e to the date of i>ayment.
9. A'egntiable Ceruflcates to be issued— The reorganization trustees
shall isi-ue to the owners or parlies af senting negotiable certificates representing the bonds and stocks deposited witli them; they sh.all also
have power to decide when a sutlioient assent has been given for the
plan to be declared operative.
10. Release in Case of Failure— All paities assenting shall be released
and re-posse^^sed of their several securiiies and shares and of the cash
p^ld on .nrconnt of assessments (this does not meau the $1 a bond or ten
cents a share which is to be paid in case the Court docs not authorize
the company to pay the same, which amouot will be returned less the
expenses of the trustees up to that period), if the modified plan is not
a^seiiti-d to tind reorganization under it elfected by May 1, 1888.
11. Reinstatement oi Rights— In the event of auy default the rights
and remedies of the holders of all classes of securities shall be reinstated,
and shall be the Fame as it this plan of reorganization had not been
Rome Watertown & Ogdeiisburg.— This company makes
eent per
the following statement for March and April, and for the
seven months of the fiscal year from Oct. 1 to April 30
:
.
1831-85.
.
Gross.
Ne'.
Clross.
1883-84.
.
,
Net.
$680,001 $200,373 $615,372 $176,412
132,751
124,030
19,766
45,323
132,957
38,853
131,476
60,953
Five months to Feb. 28
March..
April
Tot.al7mo3
$955,507
$311,080
$290,097
$26o588
Texas Paciflc— The following statement has been issued,
but at the office of the company ia New York nothing is
known
of
it.
.
Jan.
1 to
March
1.
.
1836.
»do:t>ted.
$93.'i,835
$25,599
Net earnings
—
1884.
$736,410
710.811
Gross ear,jlngs
Operating expenses
li. f owers of the Reorganization Trustees—The Reorganization Trustees shall flu vacancies iu their board as they occur, maintaining the
representation of the several interests, and shall have power to make
changes in the details of this plan by a vote of six of their number.
13. Foreclosuie Proceedings In the event of a decision by the reorganization trustees on or before the 1st day of May, 188G, by a vote of
eixorf their njmber, that the assents to the plan of reorganization are
not sullielent in numbers and in payments of assessments to .juslify
their declaration that it is completed and should be put into operatiou,
thpn the reorganization trustees shall call into a council the managers
otthe PhiliVdelphia & Reading Railroad Company, the receivers of said
company and tlie committees of the general mortgage and income mortgage bondholdeis, and tiie said bo<ly, by a vote of four of the Ave interests there reorc^ented, eha'i fonnulate a plan of reorgaulzatiou adapted
to the rircumstames and involving no larger contribution iu money to
be paid than under the iilan as now modirted, and under Fuch power the
trustees shall pr()ceed to foreclose under such mortgage or mortgages
as they may deem advisable.
Changes.
Dec. $199,124
Dot.- 277,941
|Dof.$52,922
988,757
&
St. Loiiis.— The Quigley
publishes a notice in the advertising columns of the
Toledo Cincinnati
Inc.
$78,521
Committee
Chroniclk.
reported that the Toledo Board of Trade have sent delegates to New York, complaining that the Wabash is operated
in a manner detrimental to the interests of the city of Toledo
by the diversion of traffic from the main line of the Wabash.
The Toledo Cincinnati & St. Louis sees hopes of profit in this.
It is
Philadelphia, May 7, a meeting of the
mortgage bondholders of the Union Canal Company, a
tender to the Reading Railroad Company, was held, the property being announced as for sale under fereclosure proceedings
member on May 19. Counsel for the Reading Railroad, which owns
Union Canal.— At
first
The Philadelphia Press remarks The only
of either committee who did not sign was Mr. Twombly,
who lias not been seen in reference to it. No reason is
known why he should decline to approve it, and his assent
is expected.
There was very little comment on the street
about the new propositions, but the principal question was,
"How can the proposed assessment be enforced?" It is
expected that some measures will be adopted by the board
looking to the carrying out of the provisions of the j^lan or of
guch parts as are agreed upon by it.
This latest phase of Reading's aflfairs will not interfere for
the present, at least, with the prosecution of the Robinson foreclosure suit. A gentleman acquainted with the case siid that the
comiJlainants would not probably proceed to extremities in the
case if the proposed plan of reorganization could be carried
into effect. It is considered probable, however, that until
Bometbing of a decided nature is developed in the way of an
amicable settlement, the case will be continued.
:
[Vol.
two-thirds of the bonds, said that that company purposed to
purchase the property unless there is bid for it an amount
committee was
exceeding their estimate of its value.
appointed to prepare a plan of action and secure the co-operation
of other bondholders.
A
—
Union Paciflc. Reports state that a plan looking toward
an early resumption of dividends on Union Pacific stock has
been suggested by Hon. Samuel J. Tilden, and is favored by
the principal stockholders and some of the Government
The company has in its treasury about |2,700.000
directors.
Kansas Pacific consols, which are selling in the open market
at about 97, and about $2,000,000 Oregon Short Line first mortgage bonds quoted at 90. The plan is to offer both these securities to the stockholders at a shade under the market price.
This would bring into Union Pacific's treasury over $4,000,000
cash, and enable it to pay off all its floating obhgations. Its
net earnings could then be applied to the payment of quarterly
dividends. It is said that a paper will soon be circulated for
the signatures of stockholders, and those favoring the plan
will have an opportunity to give their assent in a formal manGovernor Tilden, who holds about 10,000 shares of Union
ner.
Pacific, will sign, Sidney Dillon will sign for about 30,000
Some of the
shares, Mr. Jay Gould for 50,000 shares, etc.
Government directors will also sign the paper. The Stookholder reports Mr. Gould as saying that, in case of Union
Pacific, a few of the larger stockholders will take all the Kansas Pacific consols and the Short Line bonds that are loft after
the miscellaneous shareholdere have been heard from.
Fallman Palace Car Co.— George M. Pullman,
President
of the Pullman Palace Car Company, the lessor of the Central
Transportation Company, has sent a circular to the stockholders of the latter (mostly in Philadelphia), informing them
that he will accord them the privilege up to May 18 of
exchanging their stock for Pullman Palace Car stock, at the
rate of four shares for one, the May dividend on the Pullman
stock (3 per cent) being an additional inducement,
Qnincy Mlssonri & Paciflc— The Court has authorized
the transfer of tiiis roai, which has been leased by the Wabash
to a company known as the St. Joseph & Quincy, which offers
to assume the lease, and also to pay the overdue coupons of
July 1, 1884, and January 1, 1885. The transfer is to be made
within sixty days, and any exception to the order must be
filed within sixty days from its date.
Wabash
St.
Louis
& Paciflc—The
I
reports of the general
London April 23, as cabled to
New York, were indefinite and uncertain in many respects,
particularly in regard to the assessments on stock, which are
bondholders' meeting, held in
:
May
9.
THE CHRONICLE.
1885.]
-
571
and pi on common. At the meeting
Mr. Joy said: " Uo cared little for Mr. Jay Uould or Mr.
'SJxt
Solon iiumphreys, but he cured a Kreat deal for tlie Wabaab,
and the men who liad inTetite<l in it, and if he could save them
he would do 80. (Hear, hoar.) With rotcurd to the tluatinft
debt, the omission of f iK)O,(X)0 was an inadvertence. It repreFhiday Nioht. Mkf 8, 1888.
sented hard money lent by a bank to the company. The (juogThe more peaceful aspect of the relationa betwMO Qtm
tion for the bondholders was whether they would agree to the
proposed programme, and in his judgment it was the only safe BriUin and Russia, as reported by cable, haa baaa the ieadlaic
to be IS on preferred
([^ommtvcM Simes.
COMMERCIAL EPITOME.
one Uiey could a^ec to. If the bondholders continued the intluence operating In all markets during the paet WMJt. A
present committee he was going home, and in some way he decline in food staples and an advance
in cotton an tlM moil
would compel the payment of the amount added to the tloating conspicuous results.
The weather has been cold and
debt."
The committee's report, of which the Bubetance
below, was then adopted.
ia
quoted
After moDtlia n( nnxloua upgollutiou?, tlie oommlttce wore ablo to
commuDlrute to ILe bundbuldcTK, (>:> tUo 19th February, 188S, tbo heads
of a proposed nrraiDtcnicnt aa follows, viz
1. Thut In till! iiroiioHKd rcoiKaul/.ntUiii, now Kcucral mortKage bonds,
limited to tim iiiuouiit of the exist lii^' Ijonils— viz., !|!l7,OOl),000—shall be
'•
'
'""t bonds, Iwiirlng. however, !i per cent
issued In exclianKi' f'"'
deiiondhiK on luoonio for the first live
Interest Instead of B
n sliall bu suspcudeil tor this jiorlod cf
years. 1'. Thut fore.
ior two years thereafter. 3. That sonfive years, and not bo ^. i .-.
eral uiortKaKe bundholdors shall have u fair aud proper repretontaiion
on tho boanl during the Ineonie period. 4. That the collateral trust
bonds and the lloatun; debt shall be exlinsuished out of the proposed
ftssessnu'iit on tlie shui'lioldc is, ai d hy i.ew Urst preference stock, to
rank alter the tfuuerai iiiiirlga,:;c. ''. Tliat the assessment on the stockholdei s shall bo ijiS per share on the pivl'erred and tfU on the common,
such assessment to be reprosoutcd by now tlrst preference stmk.
Since then, the committee have succeeded In arranirlDg tliat the bond
holders should. lUnhiK tl;o iucomo period, have the practical control of
the company by the lioiidholdeis uominatiti^ ont-half Ihi) directors on
the board, the I'rej-idciit beiux elccttd by atcreemout between the dUictors uomiuaied by the bondholders and the dlrociors nominated by the
shareheldors, or fuiliUK a(;r«euiout, by the trustees for the bondholders.
This secures to the liondholders one of the most Important of the main
points above-mentioned, and in u way which the committeo consider on
the whole sill isfaetory. The securities included In the collateral trust
morttcaKe may lie illvided into three heads— (m) those which in the
opinion of the eoniniittee (but in which opinion the hilders did not coucnr) btloDRed to the Rcneral morltjaue; (ft/ those which do not belong
to It; and (r) a poriion which were open to (lue.stion, and could only be
settled as the result of lon^' and expensive litigation. The committee,
therefore, were most anxious to como to some arraufienient for settlln:,'
all iittost Ions with refcrcnca to these .securities, and ultimately they
succeeded with imiiieiifco ilittlcully and pressure in arranging tl^at iiil
the collateral trust securities, without dlstiuction, should form part of
the new general iiiortKaf,'e, even including those as to which no claim
The collateral trust securities
couhl probably otherwi^o be sust.iined.
represent the very large ammiut before mentioned, and some of tin iii
are. moreover, securities which coiiid not be detached from tho control
of the company without risk of permanent injury to Us interests. TUinj
the whole of the above-mentioned main points have been secured, except as to the reductlou in tho rate of interest from li to 5 percent,
which the coiuuiittce were obliged (reluclautly) to yield In order to
Eccurn the assessment, without which any scheme would in their judg;
able for the crops,
and
this fact has attracted
the past few days.
The following iit n statement of the stocks of leading artiolea
of domestic and foreign mercliandiae at dates given
1889.
'
May
1
i
nniwuon
some attentioB
1889.
1.
AprU.l.
11,101
1884;
13,239
Mar
1.
.
.
ment
.
i
fail.
This
open the nuestion of tho floating debt, and at tlic last
the committee regret to have to add that ditiicullles have
arisen wiih rcfere-.!ce to it. They have used every means
their iiower
to endeavor to get this adjusted berore presenting their repdrt. but as
yet without success. A Btat<'moul oi tho Uoatiuv del t submitted by tile
otlicials of the company to tho committee is annexed, which after ileductliiK the amount of the proiHised Bssessineuts, leaves a balance of
$l,.'jlo,7Si. subsequently ther. to, and within the last fortnlt-ht, iMr.
Joy. the i"reslilent of the comimny. who is over hero, and who brought
the statement with him. has r. ceived advices to the ell'ect that there
was an accidental omission in this statement of a claim of about $i)Ui>,000, which, together with current llabiliiies. would Increase the amount
by u further sum. i hese ainoiuits, including receivers' certitloates. .Mr
.Joyc8tiinate8ml>;lil come to as much ai -fl.aOc.ooo. The ;^l,.il5,7J4
which apjiears in the>-tatement above referred to, tho eooipany can no
doubt bearasai>eimanent tbmting debt, belugnot more than is usual with
similar companies, as representing stores and other current orovisions,
but the addition thereto of u possible further $1,500,000.' makini: u
total of over $3,000,000
altogether, would, in yie opinion of
the
successful
the
committee,
be
fatal
to
working of the
scheme, and they are bound to aild that Mr. Joy does not
dispute this; on the contrary, ho says that ho would not himself
be rc8i>onsibli< for a reorganized company with a larger amount of current uebt unprovided rorthauihe .$1,.t15,T31 shown by the statement.
The committee, having unsiiccisstully exhausted all their eilorts to
arrange this new ditllculty, have no alternative now but to lav the
matter befcpri' tho Ijondboldets for their decision, and seeing that the
schemes which otherwise the committee consider is a desirable ouc In th
iutercBt of the Uondhohlers has been so far arranged, they advise, under
aU the circumstances, that it should be referred back to a committee
couslat:ng of the same, or other members, to continue the ucgotlatioiH,
in the hope that some way miy yet 1)0 found of dealing with this new
dlftlculty, if the scheme shoulil otherwiso be accepted by the bond
holders, and in tho meantime to provide for a deposit (if the bond-.
"
"
*
With referenc*! to the proceedings of the Kngllsh A8.si,oiatlou of
American Share and Bond Holdei-s, the committee wish to obtcrve on
the unatual course of fainiing a new committee while this committee,
which had been appointed at a public meeting of bondholders, was
engaged on its labors, and they think it right also to point out the
extreme danger of the bondholders having their interests mixed up
with those of the sharcboldtrs.
left still
moment
—Messrs.
m
Humphreys and
Tutt, receivers,
have just issued
a circular to holders of the main line bonds of the Wabash St.
Louis & Pacific Railway Company, stating that:
The decrease in earnings and increase in expenses occasioned by the
unusually severe winter, together with the loss incurred in operating
certain brnnc'.i lines, from wbieh the recent orlersof the court will
here.'Uter give substantial relief, have rendered it Impossible for the
receivers to pay on the 1st of May, as they had hoped to do, the Interest
due Feb. 1 on the toUowIng Ijonds, viz Toledo A Illinois, tlrst mortgage;
Lake Erie Wabash & Ht. L uis, tlrst mortgage: Great Western, llist
mortgage; Illinois & Southern Iowa tlrst mopi gage; Decatur* East .St.
Louis, tlrst mortgage; Toledo Wabash & Western, coiisolblated mortgage. They feel, however, justitted In advising the bondholders of their
expectation of being able to pay these coupons on or about the IStli of
June, and In Ilka manner to pay in July the coupons of the main line
ana Bt. Charles bridge bonds maturing the Istof March and 1st of
:
April.
—An opinion has been given by the United States Supreme
^
Court in the case of the Wabash Company, appellants, vs.
Pork
bbta.
Beef
andbbls.
879
27,862
31,658
bales.
47,80tf
bags.
baga.
161,HB3
93,044
sa.ieo
44.932
None.
905,890
82.114
18,890
47,109
118,942
84,600
40,000
44,932
None.
0C9,89O
Lard
Tobacco, domestic
Tobacco, foreign
Coffee, Klo
Coffee, other
Coffee, Java, &o
num.
Bugar
Sugar
Sugar
hhda.
b»xe«.
bags, Ac.
hhAs.
Melttdo
Molasses, foreign
Molasses, domestlo
Hides
Cotton
Rosin
bbds.
^
.
.bbls.
No.
bales.
bblg.
bbls.
bblB.
1
Spirits tm-peutlue
. .
<
Tar
Rice, E. I
Rice, domestlo
Liuseed
8altpeti-e
Jute bntts
Kanilahemp
Bisalhemp
11,44«
B34
tos.
hhds.
tea.
bags.
bbls.
and
tos.
bags.
bags.
bales.
bales.
bales.
763
783
2.00O
119,400
848,437
36,987
607
21.U7
213,833
100,t4«
763
783
1,600
111,600
847,882
30,026
29.8S9
6i,(U)f
l,4s8
1,272
11,200
l.OCO
9,000
2,238
8,100
1,150
16.800
1 1,700
68,300
12.487
23,863
l-,i,2.50
ti9,30O
12.196
27,704
The speculation in lard futures has been dull throughout the
week, and with the production still large, prices have beea
drooping. To-day, however, there is rather more steailiness,
and the close is at 7 13c. for June, 7-21c, for July, 7'29c, for
August and 7'38c. for September. Spot lard, at a decline, haa
latterly had a more active sale, closing at 6' 93c. for prime city,
prime Western and 7-30c. for rellned for the Conti<
Pork is lower, cloeing at $10 .50@$10 75 for extra prime,
$13 50@$13 7.5 for mesa and |14@fl4 50 for clear. Pickled
cutmeats are lower, except for hams, and close at 5Ji®8iaa
for bellies, 5c. for shoulders and 9}^@9^c. for hams.
Smoked meats and all grades of beef are nearly nominal.
Tallow is easier at 5J^c. Oleomargarine is lower and more
active at 6''4@GJgC. and stearine 7J^c. Butter lias continued
weak, and new creamery closes at 17@26c. State dairy 13@
Cheese unsettled
new
33c. and Western factory 9@ 14c.
T'lOo. for
nent.
;
;
State factory quoted at 6® 10>^c.
Brazil coffees have sold at a still further decline in the.past
week fair cargo Rio dropped J^c, to 8}^c., leading to rather
more business. The dealings in options were quite brisk at
the decline, and the close is steadier at 6 00c. for June, 6'80c
for August, 0-85c. for October and 7"05c. for December.
;
Mild Coffees have been dull. Raw sugars have been much
less active, but the recent advance is maintained at ^%%iJ^o.
for fair to good refining, with refined quoted at tIfgC. lor
crushed and SJJ^c. for standard "A." Molasses is firmer but
quiet at ISJi^c. for 50-deg. test. Teas have been very quiei^
and close nominal.
The market for Kentucky tobacco during the past week hae
again been rather inactive, in consequence of the few desirable goods tiiat are sampled. Sales 135 hhds., of which 70 hhda,
were for export. Quotations are unchanged. Seed leaf tobaoco
presents few new features. Sales for the week are 780 cases
as follows: 200 cases 1883 crop, Pennsylvania, 8<§ laj^c. ;
cases 1833 crop, Pennsylvania, private terms; 200 cases 1881
crop, Pennsylvania, 6c»llc.; 110 cases 1883 crop, New England, I0.«15c.; 100 case's 1883 crop, State U-ivana, 8(3 10c.; 50
cases 1883 crop, Little Dutch, private terms, and l.'iO cases sundries, 5@38c.; also 300 bales Havana, 65c.(!*$l 10, and 150
bales Sumatra, |1 30@|1 60.
W
Crude petroleum certificates have been fairly active, but
under the free selling movement prices have declined aad
week, but partially recovered, and close steady but quiet at
Zi%c. on tlie spot and 31i^c. for the summer months. Roaina
are firmar at |1 07J^@1 10 for common to good strained.
Metals have developed very little that was of striking interest. At to-day's Exchange pig iron certificates were dull bat
firm; offered at |17, with $16@*16« bid. Tin firm at 17-95®
18-03C. futures; spot offered at iSSOc.; 20 tons July sold
at 17'95@18c. Tin plates dull at |4 30®f4 30 nominally. Copper quiet; Like steady at llW@llVc.; Orford firm at 10-70«
U-lOc; Baltimore, 10'60@ 10'95c. Lead steady at 3-6503-75«.
for doireitic. Spelter dull; domestic nominally 4-86a aaked;
Benjamin F. Ham, et al., on appeal from the Circuit Court.
The decree of the Circuit Court is by this judgment reversed, foreign 4?g@4?^c.
and the cases remanded with directions to disallow the liens
Ocean freights have been Tery
claimed by the holders of old equipment bonds.
are weak acd nominal.
quiet,
and
ra'.ej at
the cIot«
«
.
THE CHRONICLE.
b72
COTTON.
Friday. P. M., May 8, 1885.
The Movement op the Chop, as indicated by our telegrams
tfrom the South to-night, ia given below. For the week ending
have reached 8,633
ithis evening (May 8), the total receipts
Ijales, against 14.746 bales last week, 19,122 bales the previous
•week and 23,723 bales three weeks since; making the total
receipts since the 1st of September, 1884, 4,677,555 bales, against
i*,728,976 bales for the same period of 1883-84, showing a
liecrease since September 1, 1884. of 51,421 bales.
at—
Seeeipte
Hon.
Sat.
*H.
Thurs.
Wed.
Tues.
Oalveston
330
16
30
Indianola, &e.
drew Orleans...
3Ioblle
....
....
....
....
....
467
497
80
854
99
7
1
913
46
norida
Savannah
Bmnswlc,
11
3,238
159
14
14
119
73
84
491
14
515
• .•
....
....
....
....
1
1
59
120
17
195
73
431
436
431
17
22
"tBaffleston
Pt. Koyal, Ac.
....
'Wilmington
Horeh'd C.,&c
1
....
1,440
1
1
3
11
1
1
8
58
45
51
....
fhlladelp'a, &b.
9
100
377
282
....
....
380
302
83
385
397
768
'ITotals this week
1,217
990
1,591
658
1.814
2,333
8,633
STorfoUc
We8tFolnt,<&o
affew Tork
Soston
96
122
110
302
75
40
8
23
121
42
....
Baltimore
49
397
....
For comparison, we (jive the following table showing the week's
and the stock to-night,
the same items for the corresponding periods of last year.
t^otad receipts, the total since Sept. 1, 1884,
and
1833-84.
1884-85.
.JCeeetpts to
This
Week.
Mays
Oalveeton
498
24
...
Ind'nola,<&o
ITew Orleans.
MobUe
norida
'Savannah
Br'8W'k,&o.
Charleston...
l»t.Eoyal,&o
"Wilmington..
anieadCJ^c
rSorfolk
W.Polnt,&c.
ISew York...
EBoaton
^Baltimore . .
iPhUadera,&o
Since Sep.
1, 1834.
453,935
10,797
3,238 1,500,077
159 228,058
14
77,535
1,449 716,965
1
9,747
486 509.510
431
7,088
17
93,482
1
9,605
380 545,560
302 281,053
83
67,332
385
80,859
397
33.611
768
47,311
StoeK.
Since Sep.
1, 1883.
Thi»
Week.
311
1885.
1884.
9,557
5,710
3,116 1,499,070
531 250,991
95
42,817
1,509
648,590
25
8,059
113,708
15,996
2
135,834
8,794
7,971
4,118
414,676
13,638
91,596
12,570
572.831
220,425
105,930
173,833
23,421
50,414
6,716
2,953
730
2,450
4,237
6,259
9
79
35
578
94
811
3,080
2,439
1,952
..
...
93
338,714
6,310
9,267
7,979
341,953
7,160
at—
1885.
.Kew
Orleans.
Mobile
1884.
522
311
3,238
3,116
531
159
1,449
-Cavannah
•Charl'st'n,
'Wilm'gt'n,
&o
&o
1,509
1,002
917
18
682
Horfolk, &o..
114
672
1883.
1882.
8,254
14,334
8,.588
1830.
1,708
3,463
4,341
558
329
362
2,995
11,457
6,619
14,167
1,737
9,498
1,974
1,136
1,788
197
4,171
4,137
25,881
49,150
24,638
1,648
8,402
9,2s2
8,635
w'k.
8,633
15,657
50,575
-aCot. this
1881.
2,907
2,985
1,454
2,295
1,459
.AU others....
4,397
12,608
3,03 5
4,965
2,497
1677,555 4728,976 5711,245 4492,0i6'544i),03:l 4689,164
Galveston Includes ludiauulu; Charleston IncLudes Pore Koyal, &c.;
WilmiuKtoulncludes Morehead City, <&c.; Norfolk includes West Point, &c.
<31noe Sept.
8,
1.
J^The exports for the week ending this evening reach a total
which 32,550 were to Great Britain, 4,967
to France and 12,713 to the rest of the Continent, while the
stocks as made up this evening are now 520,280 bales. Below
i«tte the exyxarts for the week and since September 1, 1884.
Week EndUig May b.
From Sept. 1, 1884, to May 8, 188S.
-BrporU
Great
fronv—
Contt-
Tbtal
nent.
Week.
.i^Selveston
"New Orleans.
.-Koblle
Slorlda.
'.Sarumah
>Cfaarleslon*...
^VUminKton...
ajorfolkt
ajow York
Soston
fialUmore
15,118
437
3,674
1,272
...
.
Pblladelp'a,&a
013
1,889
1,848
Great
Britain.]^'""'
155.788
7,470
660,990 '292,403
43,130
3,585
179.903 11,698
161,211 22,359
625
B1.82a
313.2IJ0
6,375
18,224' 89S.500 85.789
1,872*
113,633
8,802! 116,638
3,050
94,659
1.848;
16,059
4,530
Total..
82.550,' 4,9il7
11,112
Conttne7it.
TotaL
64,145 227,413
323,673 1,867.072
700
43,830
3,583
199,856
890,858
132,663
339,133
65 803
14,040
25.870 845,305
140.888 575,158
469 114.133
89,944 159.639
5,812
59.871
12,713
40,230 8,256,165 369.021
9,344
None.
500
582
None.
300
800
697
320
None.
None.
5,500
3,500
104,364
15,996
5.416
7,171
6,883
3,917
333,214
20,881
2,095
2,699
22,438
497,842
1,057
16.522
882
13,726
12.837
67.66'>
517,523
496,550
1,061
None.
None.
None.
1.415
562
New York
None.
4,500
Other ports
3,000
None.
None.
None.
Galveston
.Vorlolk
Total 1885.
16,018
1.626
7,671
34,445
rotall884
Total 1883
4,136
3,865
The speculation
1
1
Stock.
Total.
vii»e.
1,000
300
800
2,674
320
in cotton for future delivery at this
during the past week has been somewhat
fitful,
market
but the pros-
pect of the maintenance of peace between Great Britain and
Russia caused a general advance in prices during the
On Wednesday
of the week.
by a sharp advance, the bulls beginning to refer to the
statis-
—namely,
small dealers —shows a
asserting that the invisible supply
position,
tical
half
first
a lower opening was followed
that in the handf of spinners
and
deficiency quite equal in proportion to that exhibited in th e
authorized figures of the visible supply.
On Thursday a slight
advance, supported by a buoyant market at Liverpool, was
followed by a sharp decline under sales to realize, with
To-day the market was variable and irregular, closing without
essential
change from yesterday, but 12@ 15 points above
18.861 8,800.314 463.5'«
8.80.749 3.534 (\M
last
Cotton on the spot advanced l-16c. on Saturday^
To-day the market
a.^ain on Tuesday and again on Thursday.
was quiet and nominal at lOJ^c. for middling uplands.
The total sales for forward delivery for the week are 433,300
For immediate delivery the total sales foot up this week
bales.
Friday.
—
—
for export, 1,437 for consumption
bales
in transit. Of the above,
and
The following are the official quotations for
44 for speculation
—
were to arrive.
each day of the past week.
UPLANDS.
3fav2to
Jfoy8.
Ordiu'y.^lb
Strict Ord..
Good Ord..
1
mon Toesj
Sat.
8^
8\
8i«
B»I6
81^16 H!»„ 9
91S16
ith
9%
Str.G'dOrd lOig 10i« 103,8
LowMidd'e 107, 107,8 \Oht
lOsi
1011,8
Str.L'w Mid 1059
Middling... 10^
10\ 1013,8
Good Mid
.
im
Midd'g Fair 1113
12i«
12%
Pair
8tr.G'dMidll»i«
Midd'g Fair ll»ia
123,«
11%
1238
1238
Wed
813,8 8^8
9S>,8
9>4
101,8 1018
107,8 1014
10% 1013,
1015,8 11
9%
85s
9'l«
9'i
lOU
I014
109,6 il0»i«
10\ Il0\
lO'e
lUia
lion's
Tb.
y'lft
fi
11-18
U'lfl ll'is
III4
III4
117,8 1119
llSg ill's 1111*18 11 ''8
12>4 I1214 ll27,. 12'«
Sat.
Frl.
mom
Wed
Th.
813,8
9I4
SJ"
9^6
101,8
10'', 8
im
im
Tues] W^ed
Tb.
83,8
»lb.! 8^
!?f
8 '8
8i3|6 g'.21«
s,?
91118 9%
9»8
91'ie
9»b
I1014
10>4
106,8 !10»18 IIO'^
8 Is
Good Ordinary
Strict Good Ordinary
813„
10
1038
10i«
10i«
1013,8 10%
1013,8
11
1016,6 11
Uifl
ll'is lllfl
iii;i8
lll-lfl III4
ll'ie
11^8
ll'SlS 11 ''8
121a '137,8 il'.iJa
1016
lOla
im
8%
asis
93,8
10
10', 8
87«
1114
1
mom Tom
8%
91*
101i«
1038
10%
10% 1011,8 1011,6 I"!}"
101t,8
1015,8 lO's
lO's
11
111,8 11
llha
IIH 113,8 U»16 III4
11 'id 11%
1138 in,8
IIIS18 11%
11% 1113,8
1238
12. 18
121,8 1238
9:4
101,8
93,8
a»s
Bhe
813,^
10
11»« 11%
STAINED.
Low
8%
1038
lOliie'lOliia
1078
lO'g
11
11
118,8 113,8
113«
113«
123,8
TEXAS.
inon Taes Sat.
Tb. Frl.
Wed
Ordln'y.flb 8»ie
9
Strict Ord..
Good Ord.. 9i3ie
Str.li'dOrd lOSje
Low Midd'g 1012
Str.L'w Mid lOHie
Middling... lOi^ie
Good Mid.. 11
Fair
93,8
10
103g
101S,gl01B|8 11
Ills
ll'ia
Str.G-dMid illg
NEW ORLEANS.
Sat.
83,8
Frl.
K»
9^18
lOifl
10i«
1013,8
11
i^i'
\\>
11»4
11^8
121a
Frl.
8I4
Su" s'^•
9%
.Middling
Hlddllng
MARKET AND
llOag
SALES.
The total sales and future deliveries each day during the
week are 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.
BALES OP SPOT AND TRAM8IT.
SPOT MARKET
CLOSED.
Mon
Taes
Dnll
Dull at 1,8 adv
Wed
.,
adv
S6
80,800
100
61
88
201
591
Plrnier
.
Total,
trie*.
86
Quiet at 1,8 adv,
1,8
Saiei.
I
Sat.
Thurs Steady at
Delif
Oon- Spec- TranExTotal.
port. 'rump td't'n lU.
61
88
87,'iOO
1,400
89,000
48,900
68,200
49,100
100
200
1,481 423.200'
1,800
41
410
Firm
956,762 3,591,831
4.815
trom Port Koyul. jfcc.
Includes exports from West Point. &o'
* Include!' exporLit
't
2..114
595
None.
None.
None.
None.
None.
7,103
NoDe.
None,
None.
Frl.
Total 18K1.S4
Ooaat-
Exported to—
|
Brft'n. **<"««
Great
Other
France.
Britain.
Foreign
New Orleans
•dt 40,230 bales, of
Exported to—
Leaving
AT-
7,'130
^ve
.Seceipts
On Shipboard, not cleared—for
JIAT
1,4S1 bales, including
Total
8,633 4,677.5-15 15.657 4.72'>.q7fi 520.280 .531. 249
l^oTE.— lu,23B bales uuded in 18»4-o, as coriection of i)reviou3 receipts.
In order that comparison may be made with other years, we
below the totals at leading ports for six seasons.
^alve8t'n,<S[0.
89 Broad Street.
Manchester accounts unsatisfactory and crop reports improved.
586,528
8,472
993
& Lambert,
Savannah
493
24
167
&o.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared,
at the ports named. We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
Mobile
Charleston
Total.
42
24
408
74
[Vol. XL.
.
1.437!
441
The daily dilivenos Riven above are actually
previous to that on whicli thoy are reported.
245
591
410
deUvered the day
:
May
THE CHRONICLE
1885.]
0.
—
:
1
TnB Sales and Pwcbs or Futures
shown by the follow-
are
ing coniprelieusivo table. lu tlio «taU>int>nt will Ikj (ouml the
daily market, the prices of sales for each month each ih^, and
the oloainx bids, in addition to the daily and total sales.
>'3
If
IE"?
^: CD
II
«>
a:
B;
|Eg
ftps
:
;
:
I
;
•
oils
i
K
^: "^
2:
5: -J
«
|E.»
*N
:
WtMO
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
a
5
U ba foUowi. The Cont&Mrntal stocka. • weUM
thoM for Oreftt BnUiin and the afloat, are thk week's retoriH.
and consequenUy all the Europeui flgnrw an brooght down
to TbursdaT evemni;.
Hut to ooake the total* the oompietM
aguree for to-night (Muv 8), we add the hem of exporte fi^
fltook at
Stooli at
lEa
i
Thk VniBLi 80PPLT OF OOTTOM to-nicbt, M made up br .mM*
and telegnph,
the United States, includ
luing in It the export* of Friday only.
^18BS.
1884.
18«*.
1898.
Uvenmol
ImIm 094,000 1,014,000 9lt,000
London
20,000
70,000
»a,300
00,000
Total Great Britain stock .1,023,000 1,114,000
060,300 1 ,046,000
w\ %m %m Ml
^oSK fl?^ ^%t^ f'oS^ f-oSg
\\n
It
578
I
6,400
40,300
48,000
8,000
71,000
49,000
3,«00
2.200
44,M0
«7,»0O
I8,00»
33,000
2,400
400
800
1,000
000
3300
233,000
8,000
60,000
10,000
6,000
liSi
138,000
SUH^k at Barcelona
Stock atOi'iioa
Stock at Trieste
176,000
9,000
73,000
8,000
6,000
190,000
3.aao
84,000
0.000
0,700
5,603
Total Ck>ntinental stocks
373,000
439,500
336,200
116,534
-
StookatHavre
Stock at HamelUea
7,300.
Total Enropean stocks
1.306,000 1,353,500 1,305,500 1,362,534
India cotton afloat fur Rurope. 180,000
352,000 31.\000 400,000
Amer'n
oott'n afloat for Kur'pe
Egyi>t,Bra/.il..tc.,alU for E'r'pe
150,000
7,000
520,230
75,424
6,500
Stock In United States ports ..
Stock lu U. S. Interior towns..
United States exports to-day..
172,000
41,000
S31.24U
72,072
5,.^00
574,000
37,000
564,219
131,211
13.500
351,000
53,000
517,140
110,043
3,800
2,342,101 2,727,321 2.939,433 2.707,026
Total visible supply
Of the above, the totals of American and other descriptions are IS foUows:
A.rMr\ettn—
Liverpool stock
bales 760,000
752,000
677,000 622,000
274,000
317.000
Continental stocks
216,000
100.000
American alloat for Europe... 150,000 172,000 574.009 351.000
520.280 531.219
United States stock
564,210
517.240
75,424
72,072
131,214
United States Interior stocks..
110,943
6,500
5,500
12,500
United States exportotOHlay..
3.300
1
oe>
5
00
•its
»
»
co-0
Or-
1
*.—
^
9
CO®
2
0!O<|_'»
—
oooo
^
«--
<0
00
IJ
a
«.->:
I
909:
1
OOoO
'T'TOO
OQOtO
CO
00
e»
1
IJ
00
2
coco
»o:
^
»
'*
no GO to
1
or
*.o:
I
»«:
2
— eo^
5
CCCD
9
oco'oa"^
I
aw:
"^
I
I
1
9g
-jia
I
cacj*
Ifcl^
2
"'
9m:
I
»*:
I
il^O
So:
I
c«3>:
I
"
c;o
iota
u.^^
2
"^
OC/3
^
^il^Ou
tf^U
00
ct5
9":
C<5oO
10 to O to
IJ
00
toto
2
>o>-
I
11-
o»
C)
ifk
1
er:
<
CO<»M^
**
&.":
CO
tot;
05W
IJ
2
•*
9to:
°9
to—
I
Egypt, BrazU,
u
OOO
d-jo-'i
00
KM
.
o
5
2
9oo
to
oo:
tocjO^
i^O
totoO-j
totoOio
ifcO
COCP
o»
<
OO
5
''
ceo
^1
9
WIO
toto
a
«.-•>
©<3
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toto
WW
to:
IJ
9
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00
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5
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116.534.
409.000
53,000
555,900
877.500
764.500 1,002.534
l,78d,204 1,840,921 2,174,933 1.704.492
6wO,i
coos
to
=9
00 5
2
coco
9f\
361,009
60,000
—
OOoO OOoO
^M 00
^^ ^
237,000
55,300
I20.20U
315,000
37,000
—
-7
2
t-'MV-'
tociOio
Ac
202,000
70,000
122.500
352,000
41,000
2,342.104 2,727,321 2,939.433 2,707.028
Total visible supply
5i5i.d.
6»i6d.
5i>iiid.
PrlceMld.Uul., Liverpool....
6»iid.
IOTso.
Itiluc.
lOiSjtOPrlceMid.Upl.. New York....
12»i(io
The imports into Continental ports this week have been
t3f
48,000 bales.
The above flp^ures indicate a decrease in the cotton in sight
to-night of 383,217 bales as compared with the same date of
1884, a decrease of 1597,339 bales as compared with the corresponding date of 1883 and a decrease of 301,023 bales tm
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 correspooding
period of 1883-84 is set out in detail in the following statement:
"^
OOoO
1
afloat
Total East India,
Total American
«<i:
o*o>
234.000
29,000
99.900
186,000
7,000
IJ
9
ai<»
*.*1
dsc.,
;oO(0
00
cocoOu
V'l^
5
2
Sm:
<=9o°
(0
1,786,204 1,849,821 2,174,933 1,704.49»
Continental stocks
India afloat fur ijurope.
«to;
'-•'-a'-'
OOoO ooo9 ooq:
00 5 99
NtO 9 toto
WtO
1
fidrflOff^
CD
ToUl American
Satl Indian, Brazil, tfe.—
Uverpool stock
London et<)(5k
eoOoD
2
OOoO oo" OCqO OOoO OOoO
9.'^
«j*-Oei
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99
0000
I
CO
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00
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tOOOp 9fo- 6io«
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•
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M a« CO to CO g
<EO!01cpO<i|k«.t^55~J
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Oi^owto— ta
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19:
19:
I
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S:
«S<i: o9Mo: w-JI
>-
i^fi-(^'tovt-ta
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lioi^-:
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KO
KMS»»«.-SSio».©oopcosa>ai?
wVwtoV'^.jwx'tcwas^V^oVtoV'CO
SSlOOO'SlO:»©-0!W»MtO-iOOM
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toa©coowou
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tOOll-"
tocows""^
SSS3So.8S?S*-j*>5i-^(s^*
MCdCCOCdCO-J
I:
otoo«eo.-w>* Includes sales lu Soptemlwr, 1884, for 8f ptember, 158,200
September Oct<>i)«r, lor Octooer, 421,^00; Septeml)er-Novemher, for NoTeinber,
882,200; S6iitoinber-Deccml>er, for Decemlwr. 967,800; SeiitemberJanuary, for Jauuary, 2,114,100; September-February, for February,
1,951»,200 Septeiubur-Marcb, for Martli, 2,294,100 Septcuibor-Aprll,
;
toV oi'o bo .-
oi
S joo«itoMco«ooe»»oow*»"'*^^''
ot3©abjo^
;
;
for April. 1,738,500.
to
tsi^i-"
tt-tO^COl^M
\3r We have included In the above table, and eliall oontloae each
week to (five, tlie average price of futures each rtay for each month. It
win lie foiiud under each dav foUowlni; the abbreviation " Aver. Tlie
•verage for each month for the week In also triven at bottom of table.
Tran^feratilo Orders—Saturday, 10-70o.; Monday, lOSOo.; Tuesday,
2
^ III Sl::t
JiJ
H^siiil
'
Thureday, IO8O0.; Friday, lO'SOo.
Short Notlcos for May— Tuesday, 10-75 «10-7Co.
10-85C.;
Weduesday,
-1
10-90e.;
The following exchanges have been made during the week:
500 Nov. for Dec. even.
50 pd. to exch. 200 June
|
tor July
|
-79 pd. to exch.
^^
200 Dec. for A»g.
M.O
M.-J
O CjOOOi
awooo
es«>ioato<cia -J
" - —
go j!;i>i^ 9»'— —
W m^Ci».«. — >^ to lO-JOilsiiiiLsiiiiM
-^
'
C^t
"•Tiatye»r*« figures
ebUiiittled.
i«*^Jrt- cinnt*
hat*
.
1
THE CHRONICLE.
674
more than at the same period last year. The receipts at
the same towns have been 2,55 1 bales less than the same
week last year, and since September 1 the receipts at all the
owns are 331,453 bales less than for the same time in 1883-84.
bales
Quotations for Middling Cotton at Other Markets.—
In the table balow we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
of the past week.
^y
Ma'j
-i.
Satur.
©alveston
Mon.
106,„
105,8
1038
10>4
...
Few Orleans.
Mobile
Bavannah
.
Charlfiston
.
.
WilmiuKtoa
.
..-
Norfolk
Sostiiu
Baltimore.
1039
1014
1014
1014
10 ig
10>4
lOU
10>«
Tties.
Wednes.
Thura.
Fii.
\0^u
107,8
101,8
1014 lOis
1038
IOI4
10»,g
ID'S
ID'S
1038
1014
109,8
lOHi
10>«
106,8
I03e
lO^a
1038
105,8
1013
lOig
10 "4
10 14
10 >«
lOk
10'?3
\0H
Meinplila
11
100,8
105,6
10=8
10^9
lt'3;«
Cliirinuatl...
lioulsville ...
10%
1034
11
1014
1058
11
Augusta
Louis
10% ^Tg
1(1%
11
105a
..
Plillartelpliia.
St,
FOB MIDDLISO COTTON ON-
CLOSIJJO QOOTATIOSS
Week ending
lO"*
1058
103b
IdH
ic»i«
1078
If"
io%a7g
1078
11
lOJj
1038
1038
11
10Is»% 10V®58
10''8
103a
105,8
lOOs
101a
10%
10%
10=8
1013
101a
—
Receipts from the Plant.4.tions. The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are sometimes misleading, as they are made up more largely one year
than another at the expense of the interior stocks. We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts
or Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports,
BKCKIPTS FROM PLANTATIONS.
Week
Ending—
Receipts at
tM Ports.
1884.
18*8.
1886.
I
Feb. 20...
" 87...
X«ti. e...
"
134.448
I
188S.
|
1...
8...
60.575*
21,808 239.461 110,,068 128,608
23.723 213.0i9 98,,960|117.8a3
1H,122 189,806 90, 794 100,983
14,746 164 381 82,,809 88,828
8.633 147.0421 81.,23f.l 81,92S'
"
17...
"
84...
|
1884.
|
234 231; 129,078 61,894
135,331 7B,4S7| 50.812 308,417 227 ,285 216,482 122,314' 49,302
124.826: 6S.7«)| 56,866 304.821 200 ,477 199,1?9| 121,030: 48,932
111.881
108.002
27...
to...
1883.
2M 450
37.091
7i,9H5[ 30,113
06.527, 80 274
!S9,214| 20, 23
48.701 20,053
"
..
April 3..
-
1884.
I
78,70-i[
80
May
1883.
I
65,013, 04,3'i4 321,421
42,5S1 297,173 184,,414 181,132
32,8'« 276.946 160,,809 170.155]
28,810 266,971141,,236 158,175
28,111 257,153|l25,,391^144,998
IS...
•'
•
St'kat Interior Towns,' Mec'pts from Plant'nt.
49,878
42,633
62.8S4
1.
'1.657
103.733' 28,813
87,835' 19,030
74,024' 33.311
63,8(.9[
81,249|
55.244! 14,787
40,095
38,02l'
23,388J
84,134
19,166
1885.
32,510
32,563
39,563
24.534
21,008
16,830
14,934
5,719
12,640
13,757J
12,008
14,083
8.282
2.328
The above statement snows—1. That the
total receipts from
the plantations since September 1, 1884, were 4,743,263 bales;
in 188;i-«4 were 4,761,055 bales; in 1883-83 were 5,843,703 bales.
2.— That, although the receipts at the outports the past week
were 8,633 bales, the actual movement from plantations was
2^328 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 14,083 bales and for 1883 they were
31,134 bales.
in Sight May 8.— 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
•ubetantially the amount of cotton now in sight.
Amount of Cotton
1884-So.
1883-84.
1882-83.
I
Receipts at the ports t j May
Ijjtt'rtor stocks on May »
excess of September 1
S.
1831-82.
1,677,555 4,728,976 5,711,245 4,492,016
lii
61,708
32,079
131,457
82,205
Tot, receipts from planta'tns 4,74 ','263,4,76 1,055 5,842,702 4,574,2il
JTet overlaiKl to May 1
5';8.7l8
,MC,72'i
5H9,8-.2
422.6i0
Southern consumpt'n tu May 1 239,000 264,000 276,000 210,000
Total Insight
May
5,559,9815.571,781 6,717,564 5,206,881
8
1.235.696 1,411,967 1,577,907 1,127,172
l>y the above that the decrease in amount In sigtt
as comimreil with last year. Is ll,3uO bales, the diireSse
1,157.033 bales, and Uio increase over 1881-2 la 353 loO
It vnll 1)6 seen
o-nlirht.
XL,
the week, and the crop is developing promisingly. Planters
are giving increased land to cotton this year. The thermometer has ranged from 50 to 89, averaging 70.
Columbia, Texas, It has been showery on one day of the
week, the rainfall reaching seven hundredths of an inch. Th»
crop is developing promisingly. The thermometer has aver-
—
aged
74,
ranging from 51 to
90.
Brenham, Texas. —The weather has been warm and dry all
the week.
The crop development is very satisfactory.
Farmers are putting increased land in cotton, as well as corn,
this year.
Average thermometer 75, highest 89 and lowest 54.
Belton, Texas. We have had warm and dry weather all
the week. Corn looks promising. Increased land is being
given to cotton this year, and planting is almost completed.
The thermometer has averaged 74, the highest being 93 and
—
the lowest 60.
neatherford, Texas.— The weather has been warm and
dry all the week. Farmers are giving increased land to
coiton this year and planting is about finished. The thermometer has averaged 65, ranging from 45 to 83.
Dallas, Texas. We have had showers on two days of the
week, the rainfall reaching twenty-three hundredths of an
inch. An increased amount of land is being placed in cotton
this year, and planting aporoaehes completion.
The thermometer has ranged from 45 to 87, averaging 66.
New Orleans, Louisiana. It has rained on three days of
the week, the rainfall reaching one inch and twenty-three
hundredths. The thermometer has averaged 73.
Skreveport, Louisiana. Rainfall for the week, twenty-five
hundredths of an inch. Average thermometer 70, highest 86
and lowest 50.
Meridian, Mississippi. Telegram not received.
Columbus, Mississippi. We have had rain on one day of
the week. The thermometer has ranged from 50 to 84, averaging 67.
Leland, Mississippi. It was cloudy on Wednesday, on
Thursday we had rain, and to-day is cloudy and cool. The
rainfall reached seventeen hundredths of an inch.
Average
thermometer 56, highest 80 and lowest 49.
The weather has been cloudy on
Little Rook, Arlcansas.
three days of the week, with rain on two, the rainfall reaching fifty-four liundredths of an inch. We have had a fall in
temperature of fifteen degrees in the past twf nty-four hours,
making it quite cool for May. The thermometer has averaged
64, the highest being 79 and the lowest 45.
Helena, Arkansas. It has been showery on two days of
the week. The weather was warm all the week up to last
night. To-day there is a north-east wind and it is too cold for
The thermometer has averaged 61, ranging from 46
crops.
(this morning) to 76.
Me7nphis, Tennessee. We have had rain on four days,
heavy on Wednesday morning, the rainfall reaching one inch
and ninety-three hundredths. At the close of the week the
weather has turned very cool, and it is feared damage will be
done to young cotton. The thermometer has ranged from 49
to 80'5, averaging 64.
Nashville, Tennessee. The daj[s have been warm, but the
nights cool during the week, with rain on two days. The
rainfall reached eighty-five hundredths of an inch.
Of the
—
—
—
—
—
—
—
—
—
—
week 164 bales are from Memphis, 100 bales from
New Orleans. Average thermometer 64, highest 81 and lowest 45.
Mobile, Alabama. With the exception of one very light
rain, the weather iias been warm and dry all the week.
The
crop is developing promisingly and the cotton plint looks
stroQg and healthy. The thermometer has averaged 71, the
highest being 86 and the lowest 58.
Montgomery, Alabama. We had showers on three days in
the early part of the week, but the latter portion has been
clear and pleasant. The rainfall reached thirty-one hundredths of an inch. Planting makes good progress, and is
about completed i'l this neighhorhoid. Most farmer.^ say that
they h^ve seemed a good stand of cotton, and everything
looks very promising. The thermometer has averaged 69,
ranging from 50 to 83.
Selma, Alabama. It has rained on two days of the week,
the rainfall reaching ninety-five hundredths of an inch. We
are having fine weather for the growing plant. The thermometer has ranged from 55 to 80, averaging 69.
Auburn, Alabama. We have had showers on two days of
the week, the rainfall reaching one ioch and twenty hundredths. Planting about completed. Average thermometer
67, highest 79 and lowest 53.
Madison, Florida. It has rained on one day of the week,
the rainfall reaching seventeen hundredths of an inch. The
thermometer has averaged 71, the highest being 86 and the
receipts this
Aberdeen, and 41 bales from
—
—
—
Northern aplnners' takings to
"!"• H
fVox..
run 1882-3 Ig
bales.
Weather Reports by Teleoraph.—The weather has been
Tery favorable in nearly all sections of the South during the
week, and the crop is in consequence developing very promisingly. Planting is generally approaching completion.
ttalveston Texas. It has been showery on two days of the
week, the rainfall reaching forty-six hundredths of an inch.
The thermometer has ranged from 60 to 83, averaging 76.
Indiano/a, Texas. We have had sprinkles on two days of
the week, the rainfall reaching only three hundredths of an
inch. Crops look promising. Average thermometer 74, high-
—
—
—
lowett
56.
and lowest 65.
Palestine, Texas. ^We have had one drizzle during the
week, the rainfall reaching three hundredths of an inch.
Planting is about completed in this neighborhood. The thermometer has averaged 68, the highest being 81 and the low-
rain on two days of the
week. Planting is about completed. The thermometer has
averaged 68, ranging from 55 to 83.
Columbus, denrgia.— It has rained slightly on one day of
the week, the rainfall reaching seventeen hundredths of an
inch. The thermometer has ranged from 59 to 80, averaging 70.
Savannah, Georgia. We have had rain on three days arid
the remainder of the week has been pleasant. The rainfall
reached forty hundredths of an inch. Average thermometer
est 67.
72,
Huntsville, Texas.—lihe weather has been warm and dry
the week. Young crops are doing well. The thermometer
has averaged 72, ranging from 59 to 87.
in the early
part of the week, but the latter portion has been clear and
pleasant. The rainfall reached one inch and sixty-six hunThe rain was very beneficial to the crops, of
dredths.
—
est 92
—
all
JULuUtig, Texas.—Vfe have had
warm and dry
weather
all
Macon, Georgia.— "We have had
—
highest 83 and lowest 59.
Augusta, Georgia. We had rain on three davs
—
'
.
.
Hay
THE CHRONICLE.
1880.]
9,
which accounts are good. Tho thermometer baa averaged 08,
tbehiftheet beinK85 and tho lowest 50.
Atlanta, Oeorgia. It has rained on two days of the week,
the rainfall reaching one inch and twentv-six hundredUu,
Weather fine for crops. Tho thermometer has averaged 60,
ranging from 40 to ij2.
(JharUnton, South Carolina. — We have hal rain on two
—
676
Al*Mandria. Mgypt,
Hay 6
IMMi.
ISM'Bft.
ReoeliiU loantars'H-
ThU WMk....
e,oo«
Blnoe Bepi. i
S,000
t,ea7,uoo
8,58 >,000
Mat*
Tkli
TMf
ttpl. 1.
s.*m!
Mm*
M.
tmk.\tt0L
1.
X,
days of the week, the rainfall reaching seventeen hundrodtlM
Of an inch. The thermometer has ranged from 00 to 84, Exporta (balMi)—
I'uUlrerpooI....
2.000 294.000
1.000 343,000
I /MO 334,000
averaging 71.
To Oontinent ...
4,000 IfU.OOO
i£00| IjOM iliMO
Columbia, South Carolina.—Telegram not received,
Total Eorope
AAA
0,1100 476,000
7.000 870.000' 3,000 807.000
Stateburg, South Carolina. It hais rained heivily on two
• A wuitar la 08 lb*.
days of the week, and we had some hail witli I'Viday's rain.
The rainfall reached one inch and sixty-four hundredths. Tiie
TUb statement shows that the receipts for the week *rM^g
crop is developing promisingly. Tho thermometer has aver- May 6 were 0,000 cantars and the sldpment*
to all EbroM
^^
aged 69'3, the highest being ol and the lowest 50.
6,000 bales,
Wihon, North Carolina. It has rained on four days of the
Manohb-stbb Market.— Our report received from Munrhartor
week, tlie rainfall reaching one inch and fifteen hundredths.
Planting is about completed in this neighborhood. The ther- to-night states that the market is flit. We give the prioM
for to-day below, and leave previous weeka' prioeo for coinmometer has averaged 67, ranging from 48 to 80.
The following atacdmant we have also received by telegraph, parison.
—
I
—
howing the height of the rivers at the points named at 8 o^oloc
'dock
May 7,^1835, and May 8. 13S4.
Hay 7,
Below high-water mark
Above low-watermark.
..Above low-water mark.
Above low-water mark.
Above low-water mark.
Mamphla
NasbvlUe
Stirevetmrt
Vlok«hnr«r
'85.
Mav
8. 84.
/noA.
reet.
Maw Orleans
F«l.
Inet
2
•M
6
a
5
27
8
g
40
6
7
4
1
29
9
29
45
10
7
9
New Orleans reported below high-water mark of 1871 unti
Sept. 9, 1874, when the zero of gauge was changed to highwater mark of April 15 and 16, 1874, which is O-lOths of a fool
ftbove 1871, or 16 feet above low-water mark at that point.
—
India Cotton Movement from 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
Bhiptnents from one India port to another. The plan now
followed relieves us from the danger of this inaccuracy and
first give the Bombay statement
keeps the totals correct.
for the week aud year, bringing tho figures down to Miy 7,
We
BOMBAT BECBtFTS AND SHlPMBIfTS FOB FODB TBAB8.
thu week
\Bhtpnient$
Taar. Oreal aontiiBrU'n.] neni.
I
Shipments emee Jan.
j
Oreal
Total. Britain
Continent.
'
Seeetpt:
1
TAif
Total.
1885 18,0)0 32,000 .W.OaO 129,000 286,000
1381 21,00012 1,000 l.o,00i>i;ii'J,o00 41.^,000
188a 36.000 47,000173.000 2s0.000 5 1 1. 000
1892 13,i)<)0l23.0O0i36.0 X)!, <1 OOO :t3 J.OOO
Sirxt
Week.
Jan. I
415,000, .'i7,000 619,000
774. OOO 73000 1.031.1100
811.000 73.000 1. 115,000
S6 1,0001 72 000 1.134,000
Aocordmg to the foregoing, Bombay appears to show a
deoreojie compared with last year in the week's receipts of
18,000 bales, and an in:re(ise in shipments of 5,(»00 bales, and
the shipments since January 1 shew a deoreo-ie of 3o9,000 bales.
The movemeni 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.
BMpmenli tinee January
Shipment* for the week.
Britain.
Oalontta—
1885
1884
Oontinenl.
1.
Chreat
Total.
500
Oontinent.
Britain.
IVKal.
4,000
4,000
49.503
86.000
11.500
33,000
61,000
124.000
500
500
4,010
13,000
4,600
4,000
17,600
600
600
3.500
4.000
Madras—
1885
1884
AU others—
1885
1»*
1885.
S3t Oop.
17,100
18,500
20,500
4,G00
70.<;oo
3?. OOO
102.600
4..'>00
112,500
45 600
1.58,100
3.0 >0
37,600
16 500
loul all-
Twitt.
a.
Mch.6
•
13
d.
It.
6
5
8<4 a8''g
.S"*
»8%
" 20,83, ,88%
" 27|8iip»S!|i
Apr. 3 43|««<t\
5
6
6
111
^3,„»3!|,
6
17
'•
S»l«»8*
6
6
• 24 S3,,a8^
May 1 83i«1»8%
"
8 8'i«*8»8
1884.
8>« Ibt.
ghirtingt.
5
6
OoWh
Mid.
83« Oop.
. n
d.
1.
*.
D.
d.
«6 9>« 6>i» 8>« •
5 0>|97
5li„ 8>« • 9 6 7 *7
«H »
«6
6
8«i«» 9>«S 7 97
90 10
6
8«g 9 9I4 5 7>«»7
96 10
6
\i\ 9 »>«|6 9>««7
96 10
6
U'i«'»7
96 10
8'S 9938 '5 11 97
8'>« • b% 5 im*?
96 10
5^e
96 10
5>'l« 8^ 9 PUS 1(H«»7
-OB 10
Ootfn
JIM.
8lt fW.
MMrUngt.
UplH
VfUt
d,
6^
2'»t
5'f
3V
4
4y
6 '
6»»
I
6»„
5
6I4
5i«
ei«
5">l»
East India Crop,— Messrs. Oaddum, Bythell
dated Bombay, April 3, gave the following:
& Co. 'a report,
•' Receipts In ttifi Eerar uiarkots
have beta deonaglnK and qnality baa
been fiillliiK off. There are n-portu (niiiu..t tha we shal' bob a ntcadi
decrease In suppliex, but snob rpporls are uot very rellab'e. and It u
quite posslblo that anivala will continue to come in 118 thrv iliil laxtyear.
I'rora Ihe Dbollern districts we have as yet seen very little new cotton,
but whiit has arrlvt^d is of goo<l quality. In some o( tlin ilislrlcta picldog
Uas, for want of pennissiim from the aulliorille*, not commenced, and
ftin iiitr, it la snld, will be stopped on tho lUtb May by order of the same
uurborlties. If these orders should he persisted In, oiily a short time
will be ailowerl to briu^ the crop to market, and much niual remain In
tho lountry until after the rains.
The supplies of Bruaeb have been more liberal, aid the cotton bai
been of very fine quality, exceptlntt a (cood deal of naiive-prea-«d cotton,
which ha<l been adulterated with c^heap cotton from dWtrlote other than
New siiw-einnod is arriving In smnil quaiitiiieg, and t«of Kood
BenKais keep coming In pretty freely, but much of the cotton
very low In quality."
Kroa'-h,
quality.
io
Thb Canadian Cotton Trade.- A dispatch
York Times, dated Montreal, May 7, says
to the
New
:
A
"
general revival is reported In thecotton trade. The aconmnlatlon
of Btntk bnj been uliuust entirely worked off, and there to a large
demind for goods. Most of the luilts b^ve been ot>liged to Inereaoe t£e
nnuiber of their hands, and are worklni? full timi. Tue late deprestljn
has driven operatives to other pumolta, and It la very difllculttofat
skilled hands, especially weaveis."
JcTTE Butts, Baooino, &c.— There is a good inquiry for
bagging, and orders are becoming moie plenty. Bayers are
increasing their limits, and increased parcels ire being placed.
Some business has been done in all grades, the market
showing rather
hear of sales of 1,000
)re steadiness.
rolls, various weights, at full figures, and sellers are not disposed to accept less on the p ircels moving, though an offer for
aquintitya shade less would buy. At the close the figur«s
are 9c. for \% lbs., O'^o. for ni lbs., lOi^c. for 3 lbs. and
Abetter denand ia also reported
lie. for standard grades.
for butts, and the market is firm. There have been sales of
some .^OOO bales various grades at 1 15-t8@3o, for paper and
S'^fSa^^c. for bagging, and these figures are quoted at the
close.
The stock on hand and afloat Rives a visible supply of
189.000 bales, as against 331,000 bales samd time last year, with
2.5,000 bales taken on spot and to arrive auring the pist month
m
We
The above totals for the week show that the movement from
the ports other than Bombay is 100 bales mure than same
i%®'i%c. as to quality.
Comparative Port Receipts and Daily Crop Movxxxht.
— A comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of
week
the mouth.
1885
1884
600
1,100
4,.500
For the whole of India, therefore, the total
last year.
Bhi^meats since January 1, 1885, and for the corresponding
{>enods of the
two previous
years, are as follows:
BXPORTS TO ECROPE FKOX ALL INDIA.
Shtpmentt
Europe
froui—
to ai!
Bombay
This
week.
Since
Tear BtginniHg
MtmOUy
811.000
78 2 00
Sepfmb'r
889 200
Ootober.
Jlovemb'r
statement affords a very interesting comparison of
Oeoemb'r
Jain»ry
4,600
lait
TkU
73,000
All other ports.
ThU
Since
Jan.
Jan.
60,'.W10
Total
1883.
week.
...
...
ThU
Sitiee
Jan.
We have corusequently added to our other Btandin g
a daUy and monthly statement, that the reader oiay
constantly have before him the data for fleeing the exact rel^i ve
movement for the years named. The movement ainoa
previous years, has been as foUowi:
September 1, 1884, and
tables
m
1881.
1885.
at
1.
4 1 ".,000
lOJ.OO)
.M7,6
.0
teeek.
4-4,000
4,600
49.1001
1.
7T4.000
154.100
fl,S2.1i>0
73,00ol
1.
Seeeiptt.
I8S4-85.
313.812
487,729
383,93?
341.514
111,755
.
—
Liverpool aud Alextmilria, we now receive a weeidy cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
oorreepondiug week of uie previous two years
1832-33
326.65«
1.046,092 930,584
1,030.380 1,094.697
1,059,653 1,112.530
movemdut for the ttiree years at all India ports.
^tebnuuy.
Alexandria Ebceipts and Shipments. Through arrange- Mwoh...
ments we have made with Messrs. Davies, Benachi A Co., of AptU....
the total
1883-84.
753.827
503,598
482,773
381.519
StpUmMr
1981-S3
429.77T
X.
188041
458.47'
06^,91^
853.19.^
»T4,04;t 1.00«,.5O.
896,807 1.080.80-.
487,727 871.701
391.992 873.7247«,5H
867,091'
147,695 384.3 Iri
1879-80
333.613
8'4 8.493
943.373
•9«.««l
•47,140
447,018
361.018
158,035
Tk>tal7ear t 666,289'4,706,873 5.630,189 4.438.33) S,359,3So 4.«Sa.8«T
Pere'ttMrfl of tot.
port
reeetpts April 30..I
97 04
S3-53
»4<I3
01-31
03 74
-
2
.
.
tl»e receipts at the
This statement shows that up to April 30
less than in 1^-84 and
Dorte this year were 40,5*4 bales
in 1883-83. By adding
§63.900 bales less than at the same time
30 the daily receipts since
to the above totals to April
an exact comparison of
that time, we shall be able to reach
the movement for the different years:
4...
"
"
"
6....
"
8....
6....
7....
4,677,555 4,724,495 5,685,709 1,475,026 5,403,057 4,668,894
Total
Percentag e of total
93-35
91-97
94461
9181
97-40
portreo'j: tg May 8.
bales added us correction of previous receipts iu 1884-5.
MoiB —10,236
This statement shows that the receipts since Sept. 1 up to
to-night are now 46,940 bales less than they were to the same
day of the month in 1884 and 1,008,154 bales less than they were
table
to the same day of the month in 1883. We add to the
he percentages of total port receipts which had been received
to May 8 in each of the years named.
Overland Movement, &c., to May 1.— In our editoria
columns to-day will be found our regular statement of
overland movement, receipts, exports, spinners' takings, &c.,
brought down to May 1.
The Foiaowinq are the Gross Beceipts of Cotton at
New York. Boston, Philadelphia and Baltimore for the past
week, and since September 1. 1884.
PHrLADBLPH'A
JUeefpU
ThU
week.
New
Since
Sept.
wuk.
1.
Sept.
1.
871.296
218.897
205.483
Tezu...
1,192
Savannali
Mobile
Florida
3.593
.
14
8o. OarollnH.
No. Carolina..
657
Tlrglnla
201
131
week.
49,861
8,988
12.501
week.
Sept.
1.
i,ias,ios
8,701
1,051,580
9.489
404.8501
IS
857
93,410
3,9»t
101.893
33.500
4e,5'.3
213
8.938
207.6 1
Satur.
Uon.
Tuet.
Wedne*.
Thwi.
Fn.
•-«•
V
V
>«•
V
V
....
....
..-,
.--,
e.
"sa'
»32*
"as-
»38*
»s«*
c.
..•
%•
H'
38*
38*
38*
Bail....c.
....
..••
....
.-.,
-i-.
.--,
Hamburg, steam.c.
»33*
93S*
»»2'
»3a*
»32'
»»a*
45t
45t
45t
45t
Liverpool,
Do
steam
d.
8ail...d.
Havre, eteam
Do
sail
Bremen, steam. .c.
Do
Do
sail
—
....
c.
Amst'd'm, steam.c.
Do
gail...o.
Do
45t
....
''32®
V
....
....
....
....
H2^H....
-...
Baroelona,steam.e.
»sa*
»3S*
^s*
•«*
Glenoa,
steam
e.
9sa'
—V
732 a
»32*
Ssa*
V
V
»S1*
^'
Trieste, steam... c.
»2«»16'
ia39i8*
>a®»i«-
ls»9i8«
Antwerp, steam..c.
* Compressed.
Ssa"
»32*
H2'
t
Per 100
l3
»sa-
Liverpool.
V
'sa®H* 732®
^32'»H'
....
e.
sail
V
....
...
451
Reved, steam.... d.
.,.-
...•
-.•
•
»32'
Vi-
8»l«*
39, g»
la
»32*
»sa'
lbs.
—By cable from Liverpool, we have the following
We
statement of the week's sales, stocks, &c., at that port.
add previous weeks for comparison.
May
April 17. April 24.
Sales of the
—
week
bales.
0( whiih exporters took
Of which speculators took..
American
Sales
Actual export
48,0O{
3,00C
1,000
33,000
5,000
36,000
38,000
5,000
10,000
6,000
63,00'>
1,023,OOC'
63,000
45,000
140.000
76.0OC
40,000
164,000
100,000
8.
55,000
3.000
2,000
41,000
5,000
13,000
994,000
760,000
39,000
13,000
144,000
72,000
45.0001
8,000'
12.000
11,000
Forwarded
l,024,Ol>0 1,021,000
Total stock— Estimated
Otwhlch American— Eatlm'd 797,000 798,000
Total import of the week
Of which American
Amount afloat
Of which A merican
May
1.
43,000
5,000
800.00C.
51,000
43,00Ci
138,00c
65,0001
The tone of the Liverpool market for spots and futures each
diy af the week ending May 8, and the daily closing prices
of s^ot cotton,
have been as follows:
Wedna.
Saturday Monday. Tuttday.
1 2:30 P.
{
Mid. Upl'ds
MJd.Orl'ns.
Sales ....
peo.*exp
Harden 'k.
Flrod.
51316
5 '8
5i3ia
10.000
2,000
12,000
2,000
Oood
In buyers'
demand.
favor.
TKurtd'y.
Fr%day.
Firm.
Barely
supported
5is,s
51Bi8
.515je
6
10,000
2,000
6
8.000
1,000
7,000
1,000
Barely
Steady at
steady.
vance.
515i8
6
7,000
6
500
News.—The
Total balet.
Liverpool, per steamers Auvania, 1.711
City of Chester, 1,915
City of Rome,
Britannic, 1,502
961....Douatl, 919. ...Gibers. 1,513. ...Saturniua, 881....
Bpaiu, 3.870.... Statesman, 1,580.... Wyoming, 1,152
15,113
To Havre, per steamer St Laurent, 137
437
To Biemen, per steamer Elhe. 102
102
To Hamburg, per steamer Wieland. 350
350
To Amsterdam, per steamer Edam, 475
To Antwerp, per fteumer Khynland. 197
To Genoa, per stenmer Alesia, 55)
To Nriples, per steamer Alcsia, 1,000
Hew Gki.kans—To Liverpool, per steamers Historian, 2,592
Mariner. 1,450
Nasmyth, 2,939
Yucatan, 1,285
per ship Importer. 3,518
Boston— I'o
Liverpool, per steamers Cephalonia, 551
Iberian,
l,034....PaleBtlne, 69;)
Phiiadki.fhia— To Liverpool, per steamer British Prince, 441 ..
To Antwerp, per steamer Nederland, 400
New York. 15.113
N. Orleana. 11,781
Charleston.
1,124
Boston
2,284
PhUadelp'a
441
<£
437
600
1,121
2,284
441
400
<£ Barceburg. Antic'p. lona. Qenoa. Naples. Total.
452
672
550 1,000 18.224
400
goiet.
p. M.
Sat.
Baltimoke— For Liverpool— May 1—Steamer Nessmore, 385
May 4—
Sti'Miner Nova Rcotiiin. 1.501.
For Bremen— May O-Steamer America, 913.
yan.AnKi.iHiA— For Liverpool— April 30— Steamer Lord Ooneh 939. ..
309.
but
Steady.
steady.
Mon.,
3.
d.
i.
C!l0».
d.
steady.
May
Taea.,
4.
May
3.
d.
d.
Open Hijh Low. OlM.
d.
d.
i.
d
5 57
5 57
5 63
561
603 8 01
6 07 605
6 01
600
5 63
6 03
6 07
5 61
661
5 63
5 63
6 03
5 51
5 48
651
554 5 53 8 53
550 5 50
557
6 0S
6 57
5 51
5 51
6 01
551
6 55
6 59
5 86
5 59
600 600
5 65
5 68
6 00
5 61
551
An(t.-3ept...
Clos.
d.
5 54
d.
668 558
6 5S 558
6 50
Jnna-Joly.. 5 55
July-Aug... 5 59
Open HigA Low.
554
854 5 61
554 6 51 564 554
559 559 569 5 50
663 583 5 62 6 62
603 6 03 6 02 6 02
550 560
May-Jnne.. 550 5 60
6
550
SO 550
5.57
5 57
5 61
605
September..
8ept.-0et... 5 61
5 51
Oot.-NoT...
S4S
N0T.-I>ec.
Deo.-Ian....
Jan.-Feb....
.
Feb.-March
518 5 48
....
....
....
Open
tow.
d.
CIo».
(1.
d.
May-June..
5 63
Open High Low.
d.
d.
Clot.
4.
663 568 663 563
551 554 6 51 6 61
602 602 goo 600
556 556 654 654
565
May
C>pen High
d.
585
5 52
5 53
....
....
Fri.,
7,
5 59
5 63
6 03
6 55
6 01
5 65
5 53
8 62
....
....
Thnm.. May
d.
5 51
6 51
....
....
558 5 53 666 5 56
658 558 556 558
5 62 5 62 5 60 560
6 02 6 02 6 00 600
606 606 604 601
5 55 554
651 5 55 5 54
5 6S 5 59 5 68
662 5 63 5 62
6 02 603 6 02
5 54
June-July..
July-Aug...
Aug^Sept...
5 63
6 51
....
....
....
....
d.
6 51
....
Wednes.. Alay 6.
841
.083.
May 6— Steamer British Crown,
May
Open High Low.
12,3h4
1 1:^4
2,284
437
452 1,072
600
550 1.000 34,857
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Nbw Grt.kanr—For Havre— May 2-8hip lie Martha. 4,530.
For Br. meii-M.-iy .;— Steamer La Gaulc, 2, J96.
For Salii ini— May 5 — Bark Saneone. 2,200.
WnjiiNGTo.s-For Liverpool— May 5-Bark Susan L. Campbell, 625.
Boston For Liverinxd- May 1—Steamer Bothnia, 189. ...May 5—
1
Barely
^y
30,746
BtfBnicr Bordc rcr,
Dull.
Quiet
The opening, 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.
Ttie pntes are given in petice and 64(As, iA.tit.- 3 62 meant
5 62-«4d., and 6 03 means 6 3.-61d.
(1,
Ham- dam
600
4
197
34,857
particulars of these shipments, arranged in our usual
form, are as follows:
Bremen Amsler-
Bavre.
Market,
3-64 ad-
5,i0
Total
pool.
Steady.
1,000
The
Liver-
Futtiret.
Market,
12:30P.M.
47.^
11,784
To Barcelona, per bark Altagracla. 600
Chaklkkton— To Liverpool, per bark Paul, 1,124
..
bales,
Market,
.t,
604,
New Tobk—To
Total
—
Tlie cargo of cotton, witli the exception of aboat lOO
from the wreck of ship Caledonia, from Now Orleans for
Havre, has been lauded at Nassau, and stored. Materials, hull of
ship and a porliou of the badly damaged cargo were sold by
auction on April 17.
Cotton freights the past week have been as follows:
CAL.BDOiiiA, slilp.
71,238
exports of cotton frorn the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
34,857 bales.
are the same exports reported by telegraph, and published in
With regard to New York we
the Chkoniclb last Friday.
include the manifests of all vessels cleared up to Thursday
night of this week.
Shipping
Below we give all news received to date of disasters to veesel»
from United States jiorts, &c.
16,165
lie
71.850
70.858
130,318
XL.
carrjring cotton
17,652
S1,S02
806
368,511
309
880
11,601
153
8,764
2.1
631
I-orelxn-
Sept. 1.
0.441
103.220
4.668
67,832
5,433
North'n ports
TennesBee.&c
Since
U,SI9
21,128
117,884
83,88=
S.50I
BALTIMOBI.
Since
Since
i.sn
Orleana.
.
ThU
[Vol.
1879-80.
1980-81
4,638.867
4,666,289 4,706,873 5,630.189 4,438,235 5,359,356
3,391
8.
6,6.34 5,281
2,602
2.633
11.062
^'
6,013
5,531
3.644
1,217
o
4,612
7,496
3,235
7.363
1,548
8.
4,633
7.317
3,916
10,953
8.
990
4,696
4,854
9,482
7,431
3.884
1.591
4,017
6,798
3.759
8.
2,992
658
4,282
6,174
8.
8,237
1,257
1,814
4.366
S.
!i,368
5,102
1,995
2,333
3....
"
1881-82.
1882-83.
1883-84.
1884-85.
"
:
THE CHRONICLE.
bfH^
Tot.Ap.30
ilaj 1...
" 2....
—
.
d.
....
8.
Low. Oat.
d.
d.
565 555 655
6 56 655 5 55
5 59 559 5 59
5 63 600 5 63
6 03 604 6 03
5 6S
563 600 5 63
663 554 6 53
600
554
5 51
6 51
5 51
8 51
655
5 59
600
604
September.
8ept.-0ct..
Oot.-NOT_.
Nov.-Dec.
Dec- Jan
..
Jan.-Feb...
Feb.. March
5 61
6 51
...
5 51
5 61
6 51
6 61
5 51
5 61
6 52
6 61
651
651 554 6 82 6 52
6 61
....
....
8 54
....
....
....
6 52
....
....
....
....
....
5 51
5 51
••*
....
....
..*
—
Hi.Y
9,
THE CHRONICLE.
188S.]
BR E ADST U
Wkiat,
Mnr
8.
for the
market has been variable and unsettled
in
t<>n(<
week under review, and yet no important cliang<>H in
The decline in wheat caused buyerH
prices have taken place.
*
off,
but supplies had been so fully disposed of in the
previous speculation that there was no great pressure to sell,
and prices were pretty well supported and again the iraprovt>_
ment in wheat, which took place late, had no material eflect
;
in enhancing the prices of flour.
have ruled steady throughout.
Rye
flour
S4SMS
material decline in values.
Wednesday, however, the depression was checked.
On
Adverse
recurrence of severe wintry weither in the Northwest, threatening to injure the spring sowings, brought forward buyers to
cover contracts, and promoted some revival of speculative
confidence. There was also a large milling demand for wheat
on the spot, and more doing for export. The improvement on
these grounds continued throughout yesterday. To-day the
repeated unfavorable crop accounts caused a demand to cover,
and led to some buying to fill freight engagements, upon
which prices were again dearer; but the cloee was dull.
DAILT CLOSntO PBICES OF
Bat.
I0«,801
T.000
80.SM
tl.TW
isi.oas
SW.SIA
1U,«I8
181.700
lOJOO
4M0
..,
l,flfil
In elevator
May delivery
June delivery...
July delivery
4uKUfit delivery
Beptembei- delivery
October delivery
Jfovember delivery
Daoember delivery
103
102
103%
105
103
2 RED WltTTEa WHEAT. '
Tut*.
Wed. Thun.
Pri
luO>«
lOO^
101 !« 1031s
99>4
98»8
99% 100«* 102
IOOI4
9M»8
1003, ioia»
io.!58
101%
lOlTg
102'',
104>8
102% 102% lOS'g lOS's 10-.%
104
1031s 10*18
IO514 106%
IO5I4 104%
1061s
""
low
lOm
107%
speculation in Indian corn has continued to follow
pretty closely that in wheat, although not exposed to some of
Tl«,IMd
4B1.8S7
l,t7M10
i.i4a,ao7
iaojtn
8M.I9I
i.40t.»a«
ia«.Ti«
lS7.aSS'
708^11
ijao.»«7
198.aM
T.MS,I45 »0.46a.8Tl
78,aAS,*34
M.MO.OVr tSM4.sas
T.I0S,IOa 61.371,033
T.SaSHOa' BH.8H8.770
JiUyaa
IMM-S ..
9l).40-..9r!
48.93 'I.4S9
10.187 011
40.406.77.1
U,47».4»7
young plant, and the visible supply is much smaller than one
year ago, instead of far in excess as in the case of wheat.
The export demand also is more regular. To day there is a
futher advance, but without activity. Wnite corn is exceptionally scarce and wanted.
DAILT CLOSnrO PRICES OF NO, 2 MIXED CORN.
Bat.
Hon.
Tuei.
Wetl.
Thurt.
b6U
57
58»s
5714
57
del very.
Junedoliverv
July delivery
August. dcU very
SS'e
57:'s
5i%
55%
5J%
57'»
55»9
56>4
SSSg
56is
ST'e
58
Fri.
67%
55%
53is
f5%
561*
565fi
56
5614
6619
56
57
66%
5718
held for a further advance. Barley is nearly done
for the season, and prices are for the most part nominal.
The
speculation in oats has become dull. The export demand
is
has
materJaUy diminished, and there is a decided reduction im the
values quoted for the choice qualities of white
oats.
To-day
the speculation was dull and the close easier at
May, 40i^c. for June and 403^0. for July,
The following are the closing quotations
40}^o. for
U88.4...
im»-s
.
FLOUB.
»bbl. $2 70® 3 80 South'n com. extras.. «4 109 4 8->
3 409 4 00 S >athem bakers' and
3 i&w 4 40
family brands
MiDn. clear and stra't. 4 25» 5 25 Rye flour, superflne.. 5 00» 5 S5
4 25i» 4 60
WlntersUippVnxtras. 3 80» 4 40 „Piae
3 23»3 7,
Winter XX & XXX.. 4 509 6 00 Oom meal
J»tenta
5009 62S
Western, dM)
8
8
aty gnipplugez
383»5 10 Brandywlne, Ao.... 3 20» 3 40
5u
40a
OB Am.
Wheat—
Kye—Western
75 9 78
Snrlng.per bush.
90 «1 05
State
80 • Si
Bed winter. No. 2 1 1 ifl » 1 0.}
Oats— Mixed
39 9 4l
Bed wlnt«r
90 »1 10
White
41 © 51
„WMte
92 91 oi
No. 2 mixed
40ia9 41
Ck>m— West, mixed
57 9 60
No. 2 white
...45 9 4514
West. lulx. No. 2.
58 9 5910 Barle V -No. 1 Canada. 83 9 85
west, wbito
62 9 67
No. 2 Canada
78 9 7S
Wtiittf Southern..
65 9 70
State, six-rowed
67 9 70
Yellow Uoutheru.
58 9 61
44M.MS
MOO.TOO
3, 1885,
incluiiive, for
four
183i-.V
1883-4.
1882-3.
Fumi... ....bbla.
4,588,463
3,505,007
S,321,988
1881-3
3,521,817
bush.
8.669.028
33,502.105
14,451.338
3.3:7,9; 7
703,579
12.545,084
30,118,631
14,853.618
2,36»,853
9,631,341
83,777.920
14,576,922
4,205.073
1,067,545
6,703,273
26,971,915
10 318,914
1,848,204
857.488
59,7,%9.977
61,73J,750
63.258.801
46,6)1,742
Wheat;.
<'orn.... .......
Oats
liarley
Rye
Total gtaln ....
Below are the
rail
1.758,.%0l
shipments from Western lake and river
ports for four years:
1885.
1884.
Week
Plour..^..
Wheat..
Com...,
Oata
Barley
..
bbU.
Rye
Total
The
250,093
174.897
2,472 332
rail
1883.
Week
May
3.
Week
May 6.
3.
121,945
65.640
194,639
213,177
1.368,515 1,016,661
1,011,059 1,0U1,693
113,627
107,674
124,314
65,090
115 380
541.952
360.938
39.589
24,183
bosh. 1,117,538
612,683
661,171
47,749
33,211
...^
1883.
Week
KaD
Ifat, 2.
2,840.151
fosLsoi
2,401.300
and lake shipments from same ports for
last
four
weeKs were:
Week
rtour,
WKeat,
$Kdina~
Oom,
bblt.
Inuih.
1,1 17, .53^
buek.
May
2,'85 282.089
Apr.2'.,'3.i3i0,9-il
rot.,
4w. 1173,203 3,017.131
buth.
47,749
989,070
51,3.(6
76-),8l5
838,751
81,177
90,518
5,270.879 3,401,992
8,191,726 4,200,128
276.778
460,314
buth.
2:«i,430
Boston
Portland
Montreal
PhiladelpUa...
Baltimore
76,100
88,863
2,000
137,40J
153,419
33,6-49
470
11,220
30,101
.54,038
.
buth
49,375
1,273
.350
1 1 ,063
699,2^7
828,610
BarUv.
iutn.
236,250
52,910
12,000
3.400
87,000
57,900
193,600
173,301
502
93,930
Newp't News
yaw Orleans..
Oatt,
buth,
80,302
78,800
22.930
Wktat,
bblt.
113,648
Inuk.
49.304
38.531
58,001
16,426
160,262
817,031
at the seaboard ports for the
Oom,
Flour,
Air-
Jtye.
buth.
781.7.')6
The receipts of flour and grain
week ended May 2 follow:
New Yotk
BarUy,
OaU,
691,115
888,160
816,329
479.321 l,5il.097
533,612 2,239.308
Apr.l8,'85 32».8i!l
Apr.11,'35 285,312
Bye.
buth.
368
41500
7,200
4,800
'.'.'.'.'.'.
'.'.'."."
26,315
443,775 62,350
4.663
Oor. week '84.. 229,890
846,498 513,698 83.109 44.300
The total receipts at the same ports for the period from Dec.
22, 1884, to May 3, 1835, compare as follows for four years:
Total week... 301,191
1884-5.
Floor
5,170,811
bbli.
Wheat
bosh. 11,312.383
Corn,... ......... 40,204,519
Oats
11,383,198
Barley. ..........
2,18 4.461
Rye
346,323
gran
655,9.{8
1883-4.
4,384,391
1832-3.
1
881-2.
3.943.143
5,20j,321
16,112.344
9,33 "..353
3!, 8 13,0 i7
13, )53,226
8.573,770
2,031,476
500,323
10,488,867
18.194,312
7.327,863
2.274,308
1,369,114
a.iioois
8.15),317
3 .0.083
65,431,037 39,733.024
59,033,182
33 323,900
The exports from the several seaboard ports for the week
endinir May 2. 1H85 are shown in the annexed statement:
Total
ExporU
froM —
...
WhtaX,
<7orn.
Buth.
Buth.
670,774
Bblt
9!»,727
Flour.
OaU.
Peat.
Bye.
Bunh.
Biuh.
165,710
813
12,000
Buth.
3,145
.S'ewYork
Boatou.
Portlaud
Montreal,
256 809
68,121
88,868
5.1,682
51,546
22,950
70
rhlladel..
BiUiiin're
S. Orl'Qs.
24,606
218,089
26!»,26rf
30*882
2,700
165,136
595
25
183,438
178,573
10,181
151.958
63,183
139,675
6,267
We
add tb*
.
10,131
39i628
News.
.N.
Total w'k
437,798 1,393,900
time
.m t
1.087,372
43,073
8'iue
\
710,989
destination of these exports is as below.
oorresDond'ne oeriod c? last veaV far comparisoa;
rtie
^our.
Oom.
Wheat.
Bxportt
/or week
to-
1884.
Week,
1885.
Wfsk.
May
The movement
of breadatuffs to market is indicated
in the
statements below, prepared by us from the
figures of the Ne«
York Produce Exchange. We first give the receipts
at Western
lake and nver ports, arranged so as to
present the comparative movement for the week ending
May i and since Aug. 1
for each of the last three years:
mjm
and grain from the same
flour
May
ports from Doc. 23, 1884, to
vears, show as follows-
:
fi'^.-J^i:
Buperflne
Hpring wlioat extras.
rrM*
Slne4
its influences.
It is too early to say that the crop for the current year is exposed to danger, although it has been too cold
in Middle-Southern latitudes for the successful growth of
the
I4JM0
SMJ80
IM.IW
lw'k8'84.. 888,998 6,169.273
The
iM.np
18T.0M
Tot.wk.'M
itmt wk.'84
Sams wk. t»
ICO.
Xon.
itjtm
MOO
9M»
8.1M
..
Oalath
and corn meal
reports of the condition of the winter-sown crop, and the
Rye
IO.I»
H.TTI
4,006
..
The comparative shipments of
foreign advices, led to a
Msy
ii,ns
.
Loots
I'sorta.
To-day the market was Arm
The more peaceful aspect of the relations between Great
Britain and Russia checked the speculation in wheat, caused a
heavy selling to realize, and, in conjunction with unfavorable
.
M.47I
tMO
M.»U
...
Olavaland.
but quiet.
._ elevator
In .,
(M.164
il,MU
njw*
t,ll7
711,171
tOUM
....
MllnakM
v<>\»ao
Ottrolt
St.
to hold
mtrUt.
BbU.imt* BmlkM»t
188S.
chlOMto
flour
677
P PS.
PRIDAT, P. M..
The
.
.
May
2.
Bhte
130, ;5
3.
Bblt.
1885.
Week.
May
2.
B'lth.
1885.
Week,
1831.
Week,
May
May 3.
Buth.
680,424
2.
B««».
-1
1884.
Waek.
Mays.
Ruth.
413.205
4
103,689
13.131
2,2.31
26 4,723
173,015
8>(e(%A.ii
9 581
20,(I5-1
30
W. Indies
23, 8.
'9
19.314
12,615
31
:i,,,.
85.732
6,423
60
163
139.93')
4)7.798 1.0^7.572 1.39'!.90>
74A9S9
Uri.King
('iintin'ut
Brll. col's
8.612
Oth.o'n'ts
Total...
183 4
ol
;
-i
407,14-i
2-i5.446
..
..
.
.
THE CHRONICLE.
578
Bv adding
have the foUowing
we
movement to our previous
this week's
statement of exports this season
totals
and last
[Vol. XL,
—
Print Cloths. The following shows the course of the
market during the week:
season:
1884r8.
18834.
1884-5.
1883-4.
1884.6.
XxporUiinet
to Au^. 25
Sng. 89, to- Axio.SSto Aut. 27 to Au^.^to Aug. 27
May
Man
2.
on. Kingdom
Continent .
4,455,847
895.559
514.898
590,330
392.259
62,433
.
*C. Am..
West Indlea
S.
Brit. Cornles
Oth. ooontr'B
May
3.
S.
1883-4.
May
28,059.564
9,935.838
6,075,046
957,929
293,591
88,183
48,433
588,649
398,062
1,000
148
8,010
17,567
78,109
292,431
116.568
116,935
31,070,9n
37,392,714
27,094.350
granary
The visible supply of grain, comprising the stocKs in
lake and seaboard
at the principal points of accumulation at
waa aa
ports, and in transit by raU and water, May 2, 1885,
Oats,
bush.
bush.
813,111
bush.
3,380,221
Initore ai—
New York
Do
-
573,184
27,318
31,500
55,873
59,623
800
89.434
40,966
15,000
12,335
95,581
31,811
14,253
213,084
afloat (est.)
700
Albany
507,181
i'Buffalo
15,184,651
Cblcacco
46.i,380
Do afloat ....
Newport News...
Milwaukee
7,.'>37
Oswego
4,645,329
300,000
6.438,410
1,700.924
937.224
70,000
St. Ix)ul8
X,35Sf,766
Do
afloat
Dulutli
Toledo
Detroit
47,170
75.390
Clnciunatl
Boston
Toronto
Montreal
541,921
33.'5,151
Peoria
Indianapolis
Kansas City
Baltimore
400
731,310
303,010
OnraU
2,885
2,000
4,132
40,061
4,000
58,139
35,026
117,763
7,015
18,337
12.465
1,990
MlBSiSBlppl.
Onlake
bush.
20,057
22,581
50,076
7,000
38,909
47,789
20.000
530,536
55,330
267,678
197,335
885.415
2,395
35,100
548,838
1,OS4,707
Phlladelpiila
Down
31,000
42,850
2,154,889
2,568,459
91,448
467,1^7
43,208
29,800
132,039
331,653
79,432
600,879
71,371
4,423
101,088
20,590
282
18,549
9,864
l,=i4.830
26,700
500
22,733
6,146
16,093
2,219
3,983
123.585
401,889
8,160
4,801
42,496
39,461.278 8,3132,422 2.-235,317 525,155 261.966
40,451,148 9,121,508 2,395.6S9 58.5,569 217,004
21,1991290 12;i28,123 3,675,659 732,293 1,468,7.<2
20,707,249 16,168,398 4,667,143 1,020,900 1,784,097
18,313,806 8,897,941 2,063,033 404,148 1,092,985
Tot. May 2, '85.
Tot. Apr. 25. '85.
Tot. May 3. '84.
Tot. May 5, '83.
Tot. May 6, '82.
THE DRY GOODS TRADE.
Friday, P, M., May
8,
1885.
The situation in the dry goods trade has not materially
changed during the past week. There was little if any improvement in the demand at first hands, both personal selections and
orders having been almost wholly of a hand-to-mouth charThe jobbing trade was spasmodic and irregular, owing
acter.
partly to the unfavorable weather conditions, which tended to
restrict the demand for consumption, and rendered re-assortments on the part of retailers unnecessary. As a result of the
Tuesday
and
this
Price
Sales
Quiet.
Price
Sales
.
Price
Sales
Price
Sales
..
Price
Sales
Price
Sales
Price
Sales
..
Quiet.
Price
Sales
Price
Sales
Price
Sales
..
Qolet.
must be regarded
3-15
Dull.
!
Wed'day.
Thursday
Friday
Price
Sales
Price
Sales
Price
Sales
..
Quiet.
Price
Sales
Price
Sales
Price
Sales
..
..
Dull.
3-15
i
.
.
.
.
Total.
Transferable Notices— Saturday, 315; Monday, 3-15 j Tuesday, 315;
315 Friday. 3-15.
day, 315; Thursday.
;
Domestic Woolen Goods.
Wedn«g<
—There was a less active demand
for clothing woolens than reported of late, many Western
buyers having placed their orders for heavy goods and returned
There was, however, a fair call for the most popular
makes of heavy cassimeres, trouserings and worsted coatings,
in which both all-wool and cotton-warp makes participated, and
many styles are under the control of orders for some time to
home.
come. Overcoatings were delivered in considerable quantities
on account of back orders, and a fair amount of new basiness
was reported in some quarters. Satinets were in light demand,
and Kentucky jeans ruled quiet. Cloakings have met with
more attention from manufacturers and the trade, and there
was rather more inquiry for stockinettes and Jersey cloths,
with some fair transactions in both fabrics. Worsted and allwool dress fabrics were in moderate request by package
buyers and fairly active in jobbing circles. Shirting flannels
were in better demand, but other flannels ruled quiet, and
blankets were lightly dealt in, as were carpets.
Foreign Dry Goods. Importers have experienced a light
re-order demand for a few seasonable specialties in dress
goods, silks, embroideries, white goods, laces, &c., but the
general demand waa slow and disappointing. Tlie jobbing
trade was only of moderate proportions, though there was a
steady call for small general re-assortments by retailers.
Aside from the sale of hosiery and glovee to which allusion is
made above, the auction rooms have presented no features of
special interest, most of the sales having been of an unimportant character.
—
Importattona of Dry Goods.
The importations of dry goods at this jwrt for the we^k
ending May 7, 1885, and since January 1, and the same facts
for the corresponding periods are as follows:
o
tig
H.
sE
cautious policy pursued by distributers for many months past,
the leading commission houses and importers report collections remarkably good,
TotdL
July.
Price
Quiet.
Monday.
Rye
Barley,
bush.
Com,
JfTieat,
June.
Price
Sales
Quiet.
Saturday.
1,305,230
480^60
ioUowb:
May.
3.
Bush.
12,133.790
1,223
37,385
23,071
BXCHANQK
^119. 27 to
18,867,056
37,128,639
0» FtTTCBES.
Spots.
19.1S8,09B
20,018,927
17,039.062
23,481
to
May
COTTON
Biuh.
Btuh.
3,524,783
264,74R
8,301.131 "5,273,681
Total.
May
2.
BUJJI,
BbU.
BMt.
BAI.X8
Com.
HTwot.
&«
li
Pi
•
I
n
g;
as a very
encouraging feature of the trade.
Jobbers, also, report collections easy, save in some sections of the South, where retailers are somewhat backward in their settlements. The event
^CCMtOCO
•^ tC GD
of the week was an auction sale of 250,000 dozen German
hosiery and gloves, which brought a great many buyers into
the market. All the sample lots were sold, but a good many
of the duplicates still await a market. The most desirable
hosiery, and some lines of gloves, brought good prices, while
white goods, scrim curtains and table
OiCDQD^-O
SI
03 to VI O: to
i«»
a>to
coco
M *k CD 0«
o to to
10 O CO O LO
CO
»-*
Mt-'iUMi-»
W ^1 QD ^ to
-I to
pc;itoto;q«&
03 CO tD CO
b'toVib^i
CD 00 CO en CD
OCDt0 03 03
CStOCOQOO
Qt CO'-' O' -1
b^**»o'-i
AtOtOtOM
00
CO
COGoVCiW
OODOKJO*
IP^CO
C;<b9
cot-*
o
COOOrJ-'tO
ti,
01 CO
c;<
X O iX CD
CD CO
--O
CD 00
OOCP^O
KM^tOMM
WO" to 03^
t0V00o'r-<
COCJtbcH-J
iotoooc;ioi
(fitOOiolo
cD
fcOMQOM*-
(Ji^KO
oo'i^uicooo
to to
55rf!-CilOQD.
tOOD
O
m!
QOtOrf*-xeo
(^.*3o:MCn
tS 1^03 0' to
CO
qo<ico^o
to CO O' CO -^
CD Qt H* CO
CO
— tooocfl-ee
Villi
oo'^obM
Ot)>'MtOCO
|Oip..*.ao*-
i»k^Qoacuj
COiC-
bib
CO 00
COOu
OOP
0-4
CDl^tOMtO
1-05
m C 00 OT -1
COO
oo
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MW_
c;i
ytoiy to;c«
OOiMCDi-'
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ccc;t
QDCDW^JjJ
CD
cj<»^to"co
ppoJ5;'en
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tf*.M-^0DO3
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tOM*»MH»
-403
COM
Op
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oto
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i
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to CO CD ro to
03 CD
03 CO
I
if*
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r
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00 K)
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Ci
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CJ»0
MMCOWM
MCO
^
fabrics,
OsO-JOSift-
Ml
O03
Domestic Cotton Goods.—The exports of domestics for the
week ending May 5 were 2,086 packages, including 1,710 to
Great Britain, 139 to U. S. of Colombia and relatively small
lots to other markets.
There was a somewhat freer demand
for staple cotton goods by exporters, converters and the
manufacturing trade, but jobbers continue to operate sparingly
and the volume of business done by the commission houses
was by no means satisfactory. Brown, bleached and colored
cottons were severally quiet in first hands and sluggish with
jobbers, in spite of the liberal price inducements on certain
fabrics offered from time to time by the latter. Print cloths
were in small demand, but prices ruled steady on the basis of
8 8-160. less
per cent for 64x64s and SJ^o. cash for 56x60s.
Prints continued in light demand, aside from special styles Of
fancies, shirtings and wide prints, in which a fair business
was
transacted. Printed lawns were in pretty good demand,
and
there was a steady though less active movement in ginghams,
woven wash
03
OKltOtf* to
goods not strictly in accordance with the present requirements
of the trade sold very low.
damasks.
"Ji
CCOCOCDOO
bbb^
M-^C^ttOtO
-iocfl^co
00 CO 00-^33
(Jk 00 1(^1^03
oS.
'
'
May
1U80
0,
THE CHRONJCLE.
J
JUSUVJIUCC.
tnsttxvnnce.
The United
IN
ATLANTIC
&
8«1. 203
T.
1885.
iW
II.
(iKO.
A.
wnni.wuiairr.AHtBar.
M
rreuiliiins
1,147.75B 70
$S,405,79G 14
Total Marine Prenilums
Fremlunin niurked otT from iHt
January. 1884. to Slst 0f ceni»4,OJ6,1271 04
ber, 18^4
LoBses paid during the same
$2,109,919 20
period
BeturuH of PremluuiB and Expenses
$787,789 40
The Company
liaa
the following Ag»et8,
United States
a.'>d
State of
1,454,959 73
Rank
261,514 65
the outstanding oertttioatesof profits will be paid to the holders thereof, or their legal representatives, 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 tlielr legal representatives, OB and after Tuesday, the Third of February next, from which date all interest thereon
The certiitoates to be produced at
paymeniD and canceled.
'
A DIVIDEND OF FORTY PER CENT
\-
declsred uu tbe net earned premiums of the
Company, for the year ending 3l8t December,
1884, for which certificates will be Issned on
•nd after Tuesday, tbe Fifth of Hay next.
Insurance In force
Interest due and
ber 81. IS84, NONE.
J.
tlie
Board,
H. €HAFniAN,
James Low,
David Lane,
Oordon W. Bumham,
A. A. Raven,
Wm. Btnrt^s,
Beqjamin U. Field,
Joalah O. Low,
Hotaoe Gray,
William E. Dodge,
William H. Maoy,
e. A. Hand,
John D. Hewlett,
William H. Webb,
Charles F. Bnrdett,
8e«retarr.
Edmund W. Corlles,
Adolphe Lemoyne,
Robt. B. MInturn,
Charles H. Marshall,
William Bryce,
John Elliott,
James G. De Forest,
Charles D. Leverlch,
B. Coddington,
Horace K. Thurber,
William Degroot,
John L. Riker,
N. Denton Smith,
George BUss,
Henry E. Hawley,
WllUam D. Morgan,
Isaac Bell.
Thomas
JOHN D. JONES, President,
CHARLES DENNIS, Vioe-Presldent
W. H, H. MOORE, 2d
A. A.
BATSM, 3d
OF NEW YORK.
McCURDY,
President.
YOICK fltdlX.'CK KXCItANUB (••
CHICAGO BOAKI) or TKADK.
II.
Buck
-
Yloe-Prealdent.
Yloe-Preeldent.
COTTON PACTORfl
AND
COMMISSION MERCHANTS,
1
6
aud
Exclianse Place,
8
1
P08T Brii.niwQ.
THEo. II. pkicc,
Uure. Karrar
A
wiew roRK.
muirs
Reid
Price,
RIID.
Price.
&
Co.,
& CommiBsion
NORFOLK, VA.
Cotton Brokers
Merchanta
Liberal advances
made on Cotton consign mento.
4l>eolaI attention giren to the sale of cotton to
iTTive or in transit for both forelKn and domeetlo
a af teeta. Co rres pondence solicited.
Alexander
&
Cargill,
COTTON BROKERS,
AUGUSTA, GEORGIA.
14. 1842.
$103 876.178 51
-
A <?o.. New Orlun*.
& Gwynn,
Fielding
Rates Lower than other Companies.
ORGAN tZI':D APRIL
«
C'UlfUCKroMlKNTS
MoMra. Smith. Kdwardi k Co., Cotton BrolMft
LMe of
.
TH IRT Y-FIFTH YEAR.
Entire attention «\ven to purchase of
COTTON
TO OKDKR
for 8PI.VNKR8 and EXP0RTBR8.
CORRESPONDBNCB SOLICITED.
Refkrexces.— National Bank of Auxnsta. 0»
Henry Ilenti & Co., Commission Merchants, N«v
York; Wllliaio B. Dana & Co.. Proprietors CoMIonu
ciAL A Financial uhboniclk, and other New York
MANHATTAN
Houses.
Life Insurance Company Geo. Copeland
Co.,
OF NEW YORK.
COTTON BROKEB8,
156 & 158 Broadway, New York.
134 PEARL STREET, NEIT VORK.
&
old and tried, solid, consorvutlvc, econoralcHl. New
form of policy— plain, liberal, incontestiible, nouforfeltablo. Non-narHclputlntf, very low rate policies
issued, as well as tlio ordinary participating ordinary
rate poIicie.s. Liberal surrender vuiues. Write for
WALTER & KROHN;
COTTON BROKERS,
Information and agencies.
II.
H. ¥.
W.
STOKlvS, President.
WBMPLE, Sec'y.
STEBBIXS,
At'y.
J. L.
U.
B.
S3
HAI^BT.
lat
Pres.
MUTUAL^BENEFIT
LIFE INSLUANCE COMPANY,
IVKVVAKH, N.
BODD, -----
3.
F. Hoffmann,
COTTON BROKER AND AGENT"
3S RUE PE liA BOURSE, HAVRB»
JOHK
President.
82
70
62
5.411.241 50
;i5.sOT
PPBCHASK ONLY ON OKDKRg FOR A COMMIgaiOy
Non-Forfeltable
Atllcr Kecoiid Year*
In case of lai'sk the I'oHuy is contixued ix
FORCE as long tts lU-i value will pay for; or. If preferred, a Paid-up iMtlicy ftir its full value is Issued in
excliungc.
After the third year I'ollcles arc ixcontestable.
except as ajiainiit intentluiml fraud; and ail reHrictions 'IS to trarel or occiii"iti'ni arr removed.
CASH r.oANS are made to the extent of 50 percent
of the reserve vuluo, wht-ro valid Jl^sigumenta of tbe
Policies can bo made as c-oihiterAl security.
Losses paid Immetliately upon completion and approval of proofs.
182
Farrar & Jones,
PEARL STREET, NEW^ YORK.
Liberal advances made on Cotton consUoimenta
Special attention given to orders for contracts for
future delivery of Cotton.
tc CO.,
EURE, FARRAR
NORFOLK, VA.
j-ienry
141
ESTABLlSliKU
Eugene
St'CCKS.soit
TO
1^55.
COIjK.
STATIONKK AND PHINTKK,
Hupplles Banks. Hankers,
.'tocfc Broimra uoa Cor
complete (tutfltf of Account Book»
a nd S tationery.
f^T' New concerns orKanlsiiur wUI hare tbair or
4erB promptly executed.
porationir with
No.
1
WII.L,IAni
STKEBT.
(HANOVKK SOnARR.l
M. Taber&Co.,
PEARL
ST.,
NEW YORK.
COTTOIV.
K. Cole,
SEARS &
CO.,
s'.^7
i;.7k>7,4i)l
Surplus (New York Stimdard)
H. <;L.ISBY a.
COTTON BUYERS,
inONTGOinERY, ALA.
$;t'^.ni."j,;n9
**"i'p["'<
Absolutely
BEAVKR STREET, NEtV YORK.
V. Pros
STOKES, «d V.
Assets (Market Valuer) ..
Linbillties i4 jier C9nt Ueserve)
TRCSTEESt
D. Jones,
Charles Dennis,
W. H. n. Moore
THE
CO.
1:
A\D IMtOTIHIONS
Llrerpool,
MeMra. 8»niMel
;il,'H2.
ISSUES EVKKT OESORIPTION OF
LlFEd: EN DO WMKNT POLICIES
Policicfl
J.
the
1894.
1>™. 81, 'W.
JIV.IHT.IOS 00 tI8.7n9.t(<U 00
unpaid uu Total Assets, Decem-
INSURANCE
i.
:
UOIce.
MUTUAL LIFE
A:^IZE
By order of
Home
Hoc
$12,93:j,2&9 38
BIX PER CENT LNTERESt on
Ume of
:
tbeNRW
•t
luued.
for Doiith riiilm», Kiidowmonts, AnniUtloa. Siirrunderaund l>ivldonU8
»(W6,U0 1.3
$478,(18988
IH8I i IHSa. It<«) A 18H1.
Now Insurance Wrltlon....».'.«tM,eil Ofl tll,Ul,4>«00
Assets.
celvaule....
will oease.
C o
attho.vRW voHK coryy.K kximianob.
COMPARISO.V oy BUSIKXSS.
410,000 00
Comi)any, e«tiiDated at
Premium Kotes and Bills Re-
the
""w 01.
AlKordanfor
Paym'ta to Polley-holdi'ni
R. A.
Bank and
Amount
..
Superintendent of Axencles. at
vti.:
New
other Stocks
$8,776,6^5 00
Uwns scoured hy Stocks and
otherwise
2,0t5,lC0 00
Real Entute and Claims due the
In
•
Ti'tiiiix' !< ilcle*
1^88.
on PoUc los not marked
off iBt January, 1881
Cash
(If
Dm.lVait
A**"
'
1
All fiirni
New York.
Kt'TL'KI
1
l>an;.
Premliiiuf!
flty.
.
S"^ Xii""'
I.KANHCOTTd.N
•'.'!;•.
(louij /\<iKN'i>. iicKiriDK to repreMnt tbeCotnsre invited tu ailtlreu J. H. OAKKNBY.
oo Mnrliie Klska fruui
iBt Jiunmry, \6ti4. to 3lBt De$3,053,030 44
oemlitT. leSl
York Stock,
^roofR Hro ri'cH^ivt'.
,,,,.. offlos.
Abflnlutc Hocurii.,
uiiju with the tsrirent liberality. uaNurci* he popnNiritT Hnd fUccOM uf Ihia Co.
Nl.,
C O T T OHf
GRAI!V
'
'
the Cl;»rt«r of
tIieC'imii>any, milnikit tlic foUowlu? StatrniPDt
of lt« Hlliilrn oil llui Slut DpTOnilwr, 1B84:
In onnfoniilty to
8 ttonch William
RXKCUTK OUbKIU) KOK
Adunry.
All the proota belonu to the pollor-holder* siolUBlvely.
All P<illoleji h«nc(>f>>ri h i<.iued are Inoontestable
fur nny «iaii«tt ufier
.t -.
Oeuth Clut t.H p.ii
latlRfsctor;
niton
Co.,
6c
COMMISSION MKKCIiANT8.
Prmlilenu
Hl'iiroitli.
11.
Henry Hentz
IBM.)
Hroadway. New York.
RKdSNAN,
P.rRALmoH.ssc'r.
Mutual Insurance Co.,
NEW YORK, January 24.
btatcs Lite
(OIUiAM/KI) IN
O.
Cotton.
Insurance Co.
THK CITY OF NBUT YORK,
OFFICE OF THE
The TniKteo*.
ril
Adranoes made on Conaltinmenta of Cotton. Confacts for F^iture DelWery of Cotton bousbt and
3 >ld
OP eommisHioD.
James F. Wenman & Co.,
COTTON BROKKRS,
No. 113
PEAPL STREET,
N. Y.
KstaMlshert Mn Tontine Unllrtlns) IW«0.
WARBES Kwes.
JlL
John M. Bwin.
Ewen Brothers,
JOSEPH CI LLOTTS
COTTON BROKERS
STEEL PENS
Nos. 31
33 Broad
WO
Sold Br ALL DEALER STMRouctnin-THE
R LD
fiOtD MEDAL PARIS EXP0SITION-IS7B.
ac
HBW TORK
Street,
,
THE CHRONICLE.
yiu
LMay
^tsccUaueoxis.
i£/otton.
(JyOtt0U.
Walter
Woodward &
Stillman,
Post Building, 16 &
W.
INMAN,SWANN&Co
NEW YORK.
COTTON MERCHANTS,
N08. 2
& 4 STONE STREET,
NEW YOKK.
Gwathmey &
123
PEABL
ST.,
statement >/
NEW YORK,
New York and
Liverpool
New
also for Grain
:
Co.,
Cotton Commission Mercliauts,
No. 19 SOUTH AVILIilAM STREET,
New York.
SELMA, ALA.; MONTGOMERY, ALA.
Buyers of Cotton for a Commission,
Orders for Future Contracts executed in New York
and Liverpool.
c.
&
Schroeder
hopkins. lucius hopkins smith.
Charles D. miller.
& Co.,
COTTON
COMMISSION MERCHANTS,
COTTON EXCHANGE,
Co.,
WARE A SCHROEDER.
COTTON COMMISSION MERCHANTS.
oaders for future contracts executed
New York and Liverpool.
No. 36,
Cotton Excliange Building,
New
New YorJf,
Lehman, Durr & Co
Lehman, Stern & Co.,
in
&
Robert Tannahill
NEW YORK.
Special attention given to the purchase
Future Contracts.
&
and
Net Surplus
EXCHANGE PLACE,
\.^Sr
UEMBERS OF THE COTTON, COFFEE AND
PRODUCE EXOBAKOES.
Dp-town office. No.
Orders e^ ecuted at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our correspondent.') in Liverpool
Messrs. L. Rosenheim &
Sons and A Stern Jt (.n.; in London, Messrs. li. New:
&
gass
COnniH^ION MERCHANTS,
COTTON EXCHANGE,
1,141,728 il
Cash Assets, Jan.
1,
1885
17,395,090 58
CHAS. J. mARTIN, President.
J. H. WASHBURN, Secretary.
iETNA
Insurance
Company
OF HARTFORD.
Church street.
204
New York.
Assets January 1, 18S5
UabiUties for nnpald losses
and re-lnsuranoe fund
Capital
$9,013.517 40
2,040,026 83
4,000,000 00
Co.
Wm. Mohr.
NET SURPLUS
H. W. Hanemann.
Mohr, Hanemann 6c Co.
PEARL
New
ST.,
York.
186
New
Orleans, La.
orders for FUTURE CONTRACTS.
ft
&
COMMISSION MERCHANTS,
17 Water Street, LIVEKPOOIi,
Receive conRlRnmentB of Cotton and other Produce
at the Exchanses In LlTerpool
Represented in New York at the office of
SAM'L D. BABCOCK,
32 Nassau Street, New York.
New
St.,
ALEXANDER,
North
Feilowes
VA.
&
Tileston,
Co.
Ins.
OF
LONDON AND EDINBURGH.
Branch Statement Jan.
Invested and Cash Fire Assets
1,
1885.
$3,301,747 61
—
LIABILITIES:
Reserve for Unearned Premiums
Reserve for Unpaid Losses
Other Liabilities
f 1,1.53,063 35
179.379 97
44,748 49
.I,!>a4,5a5
Net Hnrplug
and execute orders
tW Special attention Riven to the execution of or- COTTON, STOCKS, BONDS, &e.,
ders for the purclia.se and
of Cotton, Grain, and
Provi8lon.s for future (iciivery. Orders also executed
25 WILLIAM STREET, NEW YORK.
on the New York Petroleum Kxchan^e and Stock
"
York.
Agent.
British
Mercantile
U. S.
B.F.BABCOCK&CO.
$2,964,490 55
Cortlandt
JAS. A.
GRAVIEK ST.,
Special Attention Given to the Execution
sale 01
Co.,
NEW YORK,
AND NORFOLK,
00
Reserve for Unearned Premiums
2,847,585 00
Reserve for Unpaid Losses and Claims.
405.798 64
AND
of
Rountree
OFFICE 119 BROADWAY.
CASH CAPITAL
»3,000,000
COMMISSION MERCUANTS,
Co.,
Cotton Commission McrcliantP,
Company
OF NEVr YORK.
,
Montgomery, Ala.
Orleans, La.
LEHMAN BRO'S,
Cotton Factors
123
Cotton Excliauge,
Insurance
Successors to
No.
NEW YORK.
President.
WM. R. CROWELL, Vice-President.
PHILANDER SHAW, Secretary.
WM. CHARTERS, Assistant Secretary.
FRANCIS P. BURKE. Sec'y Local Dep't.
HOME
No. 40
Hopkins, Dwight
STEPHEN CROWELL,
Pald-Up Capital, R. M. 6,000,000.
G.
and Pro-
2,390,985 97
287,827 87
640,991 18
$4,842,430 8S
COTTOS COMPANY OF STUTTGART.
ROOn
&
Reserve for unearned premiums
Reserve for unpaid losses
Netsnrplus
AGENT FOR
York.
John C. Graham
gubtavub
NE^V ORLEANS,
Authorizei Capital, R. M. 20,000,000.
Ordera for future delivery of Cotton executed In
vlslona in
195 Broadway, New York City.
Company 1st Day of Jan., ISSH.
CASH CAPITAL
11,000,000 00
Office,
G. E. Staenglen,
Bloss,
NEW TOEK.
and
Phenix Insurance Co.
OP BROOKLYN,
COMMISSION MERCHANTS,
BTo.
INVESTMENTS
COUNTRY BANKERS.
Special attention paid to
BCCOUntsof
SCIT.
VON GUNDEI.i7~& MAYHOFF
COTTON BUYERS,
raEMPHIS, TENN.
14
—with interest upon balances.
Nciv York.
CHARLES MAYHOFF.
von Gundell & Mayhoff,
COTTON BROKERS,
Sons,
BANKERS,
NASSAU STREET, NEW YORK.
Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
cash or on margin.
DEPOSITS RKCEIVKD-subJeot to cheek at sight
COTTON, ALL GRADES, SUITABLE TO WANTS
OF SPINNERS,
OFFERED ON TERMS TO
&
T. Hatch
Branch offices j.i22 Su^^2}'£"k'*' 'Jl^".
-cno Chapel 9t., >evr ilavea
on CoiiHgnmenla.
BPIOIAL Attention to Orders forConthacts
FOR Futpre Delivery op Cotton.
A. C. VON GUNDELL.
P. Hatch.
Arthur M. Hate*.
I
LOANS MADE ON ACCKPTABI-K SECURITIES.
Cath Advances Made
Henry
Hatch.
W. T. Hatch.
T.
Ifath'l
MERCHANTS,
1 8 Excliange Place
1885.
9,
8T
$3,30 i, 747 81
S. In 18 years ..$13,'J10.33'^ 00
Branch Office, 54 William St., N, Y.
CHAS. E. WHITE, SAM. P. BLAGDEN,
Losses paid In U.
U.
S.
Managers.
JAS. F.
DUDLEY,
Siipt. of
AgenclfB.
s.ile
Board.
Liberal advances
made on consiKUments.
& Wakefield,
COTTON
And General Commission
Tuttle
Orders in
Waldron
Liberal advances
97
New
York.
fKg'dguve°ry"o" cotlgn^"
'"^ ''"'''^'" ' '"'
S.
Dennis Perkins
&
Co.,
COTTON BROKERS,
I3S Pearl Street,
New York.
Orders for Spot Cotton aLd
evecuted
Futures
promotli
Tainter,
PKAnt
G om^nercial
STIIKET.
DIAMOND HAMS.
made on cotton consignments.
""""'
&
COTTON inERCIIANTS,
Merchants,
Cotton Exchange,
Kutures" executed at N. Y. Cotton Excb.
DAVIS, JR., CIIVCIXNATI,
FORTY-FOURTH YEAR.
Union Ins. Uo,
(Of LONDOS^
ALFRED
The Centennial Commission
in 1876 reported an
" First, the excellent flavor
of the meat." "Second, its go.^d keei ing quality,
demonstrated by the perfect freshness of liams
cured in 1813." 8o!d by Provision Dealers and Leading Grocerf.
award
to these
PELL,
Resident !lanaff$r.
Hams.
Cor. Pine
& IVuliam Stf
