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AND
The following statement exhibits the
cities for the Month of April and since
$hc GThrouide.
The Commercial and Financial Chronicle is
New York every Saturday morning.
published in
years
Subscription—Payable in Advance:
$10 20
6 10
Annual subscription In London (including postage)
£2 7s,
Six Mos.
do
do
do
& L 8s.
These prices include the Investors’ Supplement, issued once in two
months, and furnished without extra charge to subscribers of the
Terms of
n
mm
PLOYD
JOHN Q. FLOYD.
five-day statement of clearings published last Saturday
indicated a less volume of clearings for the week ending May 2
than during the previous six days, but increased transactions
during the remaining day at New York and other points has
brought the total for the week up to $684,714,125, or $15,377,029 in excess of the preceding week. But making comparison
with 1884, we have a much less favorable exhibit, because of
the large gains made this week a year ago, the aggregate
increase in clearings over the previous week in that year being
nearly $200,000,009.
Our
1884.
1885.
New York
of—
(Stacks.... shares.)
bales.)
(Cotton
(drain... biuhels)
(Petroleum..bbls.)
$441,511,314
$855,711,090
(717,358)
(535,400)
(40,435,< 00)
(86,584,000)
(2,970,908)
Week Ending Apr.
2.
Sale*
-4+4
PerCent
1885.
Per Cent.
25.
$434,334,721
-38-0
(40,006,000)
$73,168,847
-12*1
$05,239,781
-4-2-7
+10-0
-:o-7
8,570,00"
1.357.217
1,057,84"
-12-3
1,500,510
1,008.836
830,341
4,395,080
1,581,075
1,123,477
838,147
-0-2
748,321
-11-3
Worcester
739,433
844.624
-125
741,937
-14-5
Springfield
024,4«1
074,903
+1-4
Lowell
383,340
653,412
520,235
-4-4
-27-2
478,520
—10-2
$74,295,926
$83,130,897
—.10-6
$73,872,521
+0 0
$58,393,300
11,347,313
13,833,545
-315
$41,340,104
-20-0
-43-4
7.018,140
-455
-208
10,914,730
-8-9
-230
•Boston
Providenoe
$0*4,349,479
4,859.000
Hartford
New Haven
Portland
Total N. England
Philadelphia
Pittsburg
Baltimore
$40,011,792
0,420,941
10,953,530
(617,500)
(29,130,000)
(101,839,000)
(-759)
(-13-3)
(+59-4)
(-0V1)
(1,129,141)
(293,000)
(30,001,500)
-5-1
334,187,604
-52
1,223,604,252
1.285,639,812 -48
Philadelphia..
180,524,000
30,111,090
48,202,033
229,107,722 -18-0
53,320,814 -435
55,908,201 -13-8
721,993,401
900.415,015 -20-3
186,702,301 -39*7
Tot. Middle..
264,897,735
338,390,237
-21-7
1,035,421,382
Chicago
Cincinnati
Milwaukee ....
Detroit
Indianapolis...
Cleveland
Columbus
Peoria
184,327,802
80,347,850
12,710,847
10,030,651
4,950,232
199,120,504
-74
080,509,978
42,074,200 -13-6
143,361.800
5,700,183
3,300,030
-15-4
-0-2
-19-4
6,149,350
-12-1
9,214,062
6,127,293 -70
8,388,809 -0-0
Tot. West...
205,558,229
291,700,563 -90
St. Louis
St. Joseph....
New Orleans..
04,743,398
Pittsburg
Baltimore
San Francisco.
48,277,108
Outfddo N. Y..
since January
Description.
Milwaukee
5,433,308
Detroit
2,817,528
1,015,035
1,895,243
1,201,577
774,199
-17-4
904.737
-19-8
T' 0,188
$78,911,657
—12'0
$80,908,330
-0*5
$14,015,545
$10,198,010
-08
$14,513,104
+0-2
026,375
827,090
-243
579,201
-12 1
0,231,1'>8
4,399,207
4,255,990
809,007
8,277.400
5,808,005
-24’7
+7-2
Sales of Stock
—3‘3
Boston
3,377,322
+26-0
+1‘5
0,500,097
3,790,052
8,903,415
948,453
8t. Joseph
New Orleans
Louisville
Kansas
City
Memphis.
855,922
—25*0
$30,300,9?2
-125
-180
—8-1
-20-0
$33,405,045
Ban Francisco....,
$11,105,242
$11,050,495,
+04
$10,641,499
+19-2
$084,714,125
$1,147,789,9481
—40'S
$009,337,090
-800
$243,202,811 ~$292,078,252i
-10 7
$235,002,8751
New York Stock
market value of
the two years.
Exchange share transactions
$41,555,000 and $184,372,000
-5-7
reached a
respectively in
+33
transactions on the
giving the sales, value and
April and the four months
Four Months.
Aver'i.t
Price.
Par
or
Value
Quantity
Actual
Aver'ge
Value.
Price.
3,343,821,921
$713,799,837
days ended this evening, the exchanges, as re¬
telegraph, exhibit a decided improvement over the
period a week ago, the aggregate increase in volume
For the five
ceived by
same
being $105,993,053, in
which all the important cities partici¬
1884 in consequence is also more
pate. The comparison with
favorable than on May 1.
Five Days
New York
(she.)
...
Philadelphia
-00
+51
524,220
-12 0
j
Chicago
St. Louts
New Orleans
Total
Balance, Country*
Total all
Outside New York
~
*
Ending May 8.
1884.
1885.
+49-1
—5*0
49,708,502 +29*4
24,055,470 +8-1
70,311,449
181
Actual
Value.
Quantity
-2-2
$30,907,292
Outside New York
20,658,718
288,550,614 -14-9
13,205,734 —21*4
193.308,778 —25 9
187,340,481
1.
Total value
+5-1
Total Southern..
Total all
10,438,303
143,200,403
72,503,072
04.302,700
25,571,024 1,555,990,137 1 68-3
4.480,210 i 269,077,152 64 0
2,277,006,300
$421,254,800 *
$84,104,408 69*4
*
73-0
$121,222,300
$*8,9.10,400 $17,510,048
$4,708,133 1198
117-4
$3,977,500
$994,508
$847,300
Gov’t bonds.
$705,701 4" 2
40-8
$1,755,200
$>20,247
$433,5"<)
State bonds.
$410,711 113-0
117-0
$301,435
$110,853
$94,290
>cks.
Bank st
79 345c 1,049,445,000 $810,714,782 77J4C.
Pe'rTm.bbls 198,813,000 $158,221,090
0,288,8"O $354,284,700 f$5H 34
1,703,400 $97,180,030 $5511
Cotton.bales
88c.
040,469,347 $532,782,284 82 245c.
Grain... bush 103,152,281 $109,878,349
Cincinnati
Bt. Louis
245,544,388
42,943,317 +12-4
Valu;»
RR. bonds...
$43,525,930
7,422,1 0
2,751,333
2,818,423
1,136,510
1,800,803
1,167,031
$60,418,082
-10-3
045,825,542
Stock—Sh’r’s
—15*1
Total Western...
1,000,157,808 1,122,252,010
compilation of the
Par Value
or
-148
Peoria
-15-4
April.
9,918,050
4,205.980
2,720,333
1,482,477
1,995.173
1,528.303
-5-0
15,384,000
13,011,209
20,127,805 -22*9
33,779,811 -9*3
21,910,289 —1-5
502,053,740
principal New York Exchanges,
average prices for the month of
$50,039,942
-31*5
58,335,127 -2-8
10,073,650,223
2,900,480,631 4,000,913,002 -28-0;ll,981,187,018
4,545,552,220 -11-9
1.082 497.8*8 1.158,582,884 -10-9 4,015,180,723
We continue our
8,423,800
+3-6
150,510,500 —S’4
-281
-30
—130
707,592,901 -11-3
-5 8
-10-4
-15-7
-210
1,310,310,033
-95
151,205,053
133,872,459
$47,795,372
Columbus
5,107,290
217,102,117 -7-0
42,024,213
12,895,043 +33 4
0,118,043 -165
17.170,891
South...
Tot.
50,728,504
40,154,599
20,152,514
30.049,2)4
21,589,950
-9-0
—8-1
-25-5
19,928,049 —4-8
27.978,530
18,973.488
Memphis
200,790,381
71,640,893
3,140,515
37,535,910
2,892,850
Kansas City...
112,637,700
15,029,079
10,703,898
8,102,908
Louisville
$59,278,043
Indianapolis
Cleveland
-41
291,677,210 -5-0 1,008,472,405 1,118,815,739 -11-2
73,298,500
65,103,650
17,750,000 -79
-15-9
80,545,422
25,077,652
7,214,191 -11-8
18,427,447 —2-9
17,880,092
4,048,058 -30
14,010,232 +0-3
14,652,052
3,892,2-42 4 4-8
18,440,089 -18-4
11,781,018
3,749,012 -121
13,050,093 -0-5
12,201,900
3,134,659 -55
8,440,290 -7-4
1 1
7,824,023
2,120,780
310,892,357
-31-3
+29-2
$
7,900,^00,893 12,128,103,904 -34-3
-35-0
Tot. N. Eng.
$83,574,158
Chicago
$
P.Ct.
1884.
1885.
P.Ct.
2,901.307
2, "93,498
$57,380,209
Total Middle....
8
10,352,500
0,397,377
4,500,203
4,079,206
3,294,47"
Total all
(-57*2)
(—40-7)
(—32-0 >
(-54-5)
•
1884.
....
Springfield
Lowell
CLEARING HOUSE RETURNS.
1885.
277,201,736
Boston
Providence...
Hartford
New Haven...
Portland
Worcester
> WIIjIjIA.M[ B, DANA Sc Co., Publishers,
Street, NEW YORK.
& 81 William
^
POST qffige Bo£ 953
Week Ending May
decrease in 1885.
Four Months.
1,807,988,743 2,902,330,228
New York
1,037.
exchanges at all the
January 1 in the two
April.
For One Year (including postage)
For Six Months
do
wrrrTiM
with the percentage of increase or
second class mail matter.]
[Entered at the Post Oilioe, New York* N.Y., as
NO.
1885.
SATURDAY, MAY 9,
YOL. 40.
the united states
and commercial interests op
representing the industrial
Ciikonicle.
MAGAZINE,
MERCHANTS’
HUNT’S
$420,281,841
(l,391,4t 7)
56.928.9S7
37,865,500
9,810,(65
42,981,000
12.841,442
$680,853,998
(2,455,133)
58,< 94,505
40,778,25
Per Cent.
Five D'ye
End'g May l
1885.
Percent
$350,300,078
-507
(-75*8)
-28-9
(641,590)
52,431,972
82,203,758
8,705,242
34,824,000
11.430.490
5,070,733
-37-5
(-433)
-20
-19-1
-21
-133
—31*5
-24-3
5,361.322
10,034,205
41,039,000
15.102.868
7,542,306
$595,079 207
$805,444,722
-81-2
$494,972,268
-44-7
50.872,979
55,097,208 j
-8*0
44,486,806
-5-8
$645,462,180
$920,541.9301
$21«.m845i $233,087,932j
Estimatedon the basis of
the
+4-7
-150
-22*8
—-14‘t
-278
$539,459,133
-*7 5
weekly it turns
$l£9,159,tebl
-18*8
THE
552
CHRONICLE
[VOLu XL«
Speculative confidence in stocks and breadstuffs weak¬
ened with the more peaceful news from abroad.
Opera¬
THE FINANCIAL SITUATION
generally unexpected change in the tors in breadstuffs found some assistance in the unfavor,
aspect of the dispute between England and Russia, has able crop reports, but probably much more in the oversold
worked a very considerable change in opinions as to the state of the markets. So also in stocks, the latter condition
business outlook here.
We never had any faith in the has been the chief support of prices.
Even, however,
with
such
aid
as this could give, the
that
war—at
present
currency
expectation
a
least under
con¬
tendency during most
ditions—could be of benefit to trade in this country. And of the week under speculative selling * has been
decidedly
yet the prevailing belief did not accord with that view ; a in the direction of lower figures. While political relations
hope, born it may be of desperation, existed, the loss of abroad were in a state of extreme tension, operators for a
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 move¬
Even with regard to the crops, there is very little that is ment early in the week was chiefly against the Granger
new.
The season is still backward everywhere—an unu¬ stocks, but later against *what
are
known as the
Vanderbilt
sually cold wave with snow and ice being reported in the
properties. As is well known, the managers
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
pointing that a disposition exists even now to accept a Island the meeting did not come off. Since then thegloomy 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
months to find a basis for an adverse assumption.
Tele' consequently 4he stocks recovered. The attack on the
Vanderbilt properties was based on rumors that the net
grams to-night show that cotton is developing finely.
Increased caution has been further induced by fresh earnings of Central for the quarter ending with April 1st
anxieties respecting our currency.
We have remarked 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 feelirig. a consequence the effort to break prices was successful.
The sudden
and
,
But it should be
remembered that the banks
are
New York Lake Erie k Western
very
securities have like¬
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 cannot but lament circumstances and rumors. The difficulty between the
•the folly that thus drives capital away from us, at a time new management and Mr. Jewett with
regard to the
when w-e are in -the depths of commercial distress, yet our Chicago & Atlantic, the action brought by the latter
readers'have the consciousness of knowing that they have against the Erie to enforce the execution of certain agree¬
fought faithfully against the encroaching evil, and though
they must suffer with the rest, they are at least not the
Could our people only learn by this experience
cause of it.
the unwisdom of attempting to fix values by statute, or of
interfering in any way with the natural movements of
money in its work of effecting exchanges, the experience
would not be dearly bought.
It is possible that foreign exchange may be favorably
affected by the subsidence of the war spirit and the more
peaceful aspect of foreign affairs. The first result looking
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 2 J 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 constant and
largest when political affairs were most disturbed; hence, if
there is
no
hitch in the Russian
in commercial affairs in
settlement, the stagnation
England would seem to make a
further reduction in the Bank rate inevitable.
our
existing
currency
too much reliance
Still, with
derangements, it will not do
to put
ments
Marine
to
between
Bank
wrest
Hamilton
from
the
on
two
roads, the suit begun by the
Chicago k Atlantic notes,
the
Erie
the
control of the
attempts
Cincinnati
k
Dayton, renewed whisperings of an impend¬
ing receivership, have all been used against the property,
under which the price of its securities has given way.
As to the receivership, it appears to lack the essential
basis of fact, while as to the other circumstances, time
must be left to determine their importance and effect.
Whatever their
outcome, however, it is satisfactory
to
note
that
the
company’s
current
income
at
least
statements
are
becoming more favorable..
„
The return for the month of March has been issued this
week, and shows that after allowing for the Pennsylvania
k Ohio lease, the net this year was $364,137, against
$212,628 in March, 1884, an increase of $151,509, thus
reducing the loss on the six months’ operations to only
$72,798. It is true that the result was unusually poor a
year ago, thus depriving the present gain of some of its
significance, and yet the fact that there is improvement—
that the company is doing better at least than it did at
this time in 1884—is a feature of encouragement in times
like these, for it offers the hope that the lowest point of
depression has been passed, and that the tendency, where
any change occurs, must be in the direction of higher
rather than lower totals.
It may perhaps occasion sur¬
prise that the Erie should show a gain, when the Pennsyl¬
vania shows a loss, but the explanation is found in the
natural corrective forces. They
influence; but at present it is not
the rate of interest that controls, as there is no great differ¬
ence between the markets; it is not a need for
gold, as the
Bank of England is unusually well supplied; it is not the
balance of trade, for that is decidedly in our favor; there
is unfortunately overshadowing all these conditions and lim¬ very heavy decline that the Erie had previously sustained,
iting their action, the fact that we have undervalued gold, so that we are comparing with very small figures. To
in trying to make a cheaper metal equal the better, and so bring out that fact we annex the following exhibit of the
the better all the time has a tendency to leave us.
company’s gross and net earnings for six years.
have even
now a
upon
certain
May 9,
THE
1885. J
Lake Erie
& western.
N. Y.
1S84.
1885.
$
*
March.
-
1883.
1882.
$
$
1,567,632
1,094,944
472,688
1,269,249
earnings
882,098
Operat’g expenses.
1,177,892
943,891
1,096,969
1,189,953
837,153
234,001
507,016
-23,016
-21,373
Gross
Net
earnings...
Lose on
N. Y. Pa.&
Ohio lease
364,137
Result
Oct. 1 to
212,028
1881.
1880.
$
?
742,932
....
472,688
507,016
against $1,381,940 now.
For the quarter ended with
March, the total ($2,743,158) is not quite up to that of
1,847,281 1,644,958
90 >,026
1,143,258
704,003
1883
.
April 1.
10,140,500 8,821,334
7,604,860 8,906,197 9,834,691 9,292,930
6,416,791 6,947,025 6,699,117 6,635,150 5,762,315
5,374,459
Operat’g expenses.
2.887,660 2,593,813 3,505,350 3,059,019
Net earnings... 2.230,401 2,489,400
Loss on N. Y. Pa.
+0,211 -179,990
A Ohio lease....
>
Gross
earnings.
...
2.236,612
Result
2,309.410
Thus for
March both gross
than in any
other year given,
2.593,813
2,887,0615
3,505,350
($2,897,586), but otherwise is the largest on record.
other hand, has never been exceeded,
of $6,233,509 for 1885 compares with
The gross, on the
and the aggregate
742,932
704,003
553
CHRONICLE
which shows how decided the
progress of the road has been in recent years.
Atchison Topeka & Santa Fe presents a March statement
of earnings not materially different from that of the
months immediately preceding.
Gross earnings have
only $3,760,918 in 1881,
3.059,019
and net this year are smaller
the net runs much
be noted, however,
heavy as it was in either
off and expenses increased, so
behind that of a year ago. It is to
fallen
that the decrease
in net is not so
with the exception of 1 8847 January or February, being only $97,286, against
and we may say that with that exception similarly small $171,550 in the latter month and $158,378 in the former
month.
The reason for this is found in the fact that there
totals can only be found by going back to 1878. The
For in¬ had been no such gain in March a year ago as in January
contrast with other recent years is most striking.
and February of that year, and consequently the com¬
stance, in 1881, gross on the Erie proper was $1,847,261;
now it is only $1,269,249.
Net in 1880 was $742,932; parison is with less favorable totals in this respect. This
For the six months ended with change last year will become an even more important
now it is $387,153.
circumstance in later months, for, after March, as we
March the company is behind even last year, though only
showed in a previous review, there was a very heavy
slightly, as already stated—namely, $72,798. This, how¬
On the falling off each month, and henceforward, therefore, our
ever, relates to the results on the whole system.
Erie proper there is a loss of $259,005, the Pennsylvania comparison will be with totals last year diminished, and
not increased, in amount, as in January, February and
& Ohio leased road having returned a profit of $6,211
March.
The following table will afford a comparison of
this year on its operations to the Erie, while in the pre.
results for four years, both for March and the quarter
rious year there had been a loss of $179,996 in operating
ended with March.
the same.
But whether we include or exclude the Penn¬
1834.
sylvania & Ohio the net result for the six months is smaller
Topeka & Santa Fe.
2,188
2,219
than in any other year given in the above table, without Miles
2,315
2,374
$
$
Chicago Burlington &' Quincy has already
bad record of earnings for February, which
retrieved its
at the time
Gross earnings
$
1,404,056
1,415,514
1,289,539
710,059
677,294
695,161
811,815
029,470
726,762
720,333
477,714
8,520,580
2,040,678
3,743,424
1,830,301
3,514,843
1,948,452
3,502,209
2,375,700
1,485,907
1,913,193
1,560,890
1,180,449
Operating expenses
publication of the return caused so much unfavor¬
comment.
In referring to the fact that owing to the
Net earnings
of the
able
$
1,346,135
March.
exception.
February the company was $232,000 behind 1884
in the net for the first two months of the year, we remarked
that it should be a comparatively easy matter to make good
January 1 to
March 31.
Gross earnings
...
Operating expenses.
loss in
Net earnings
1882.
1883.
1885.
Atchison
quarter’s operation, therefore, the Atchison has
$427,216 in net as compared with the previous year,
On the
lost
single month under the increased production
and $80,483 as compared with 1883, but is nearly
This is precisely what has happened,
of corn in Iowa.
$300,000 better off than in 1882. The decline in net is
and for the month of March the company now reports a
the result almost equally of a decrease in gross receipts
gain of $297,223, so that the net for the first quarter of and an increase in expenses. As to the latter, there has
the year is $64,761 ahead of what it was in 1884. In gross
been an increase simply because in the previous year the
the increase in March was over half a million dollars, and
This is not true, how¬
expenses were exceptionally small.
this is wholly the result of a very heavy augmentation in
ever, of the subsequent months of that year, so that cir¬
freight receipts, for passenger receipts have again decreased,
cumstance will not play any part in the returns hereafter.
as in the previous months.
This augmentation in freight The loss in
gross is in part due to lower rates received
receipts was $524,177, or about 33 per cent. The Burling¬ and business
depression, but chiefly, we understand, to a
ton & Quincy has a superb local traffic, which this year
holding back of grain by Kansas farmers who want better
under the heavy yield of corn is proving, as it always has
prices for their cereals, and are not forced to sell, as some
proved in the past, a great stimulus to the company’s earn¬ of the farmers further East. The grain held back, how¬
ings and traffic. It is this circumstance that has enabled it
ever, will have to come forward sometime, and this, there¬
to make the present favorable showing—how favorable it is
fore, is an additional reason for anticipating a better com¬
will appear by the following comparison with previous
parison for succeeding months.
years.
Bankers’ balances remain nominally at 1@1 .J per cent,
1881.
1882.
that loss in a
1883.
1884
Chic. Bur. & Quincy.
1885.
March.
$
*
Gross earnings
2,039,110
1.257,170
2,396,584
1,029,119
1,560,217
929.200
752,863
Operating expenses
2,106 028
1,021.311
1,418.149
Net earnings
1,381,910
1,084,717
1,387,465
637,017
665,280
5.725,262
3,046.805
5, <133,286
2,735,700
4,032,351
3,760,918
Operating expenses
6,233,509
3,490,351
2.663,421
2,176,749
Net earning*
2,743,158
2,678,397
2.8*7,580
2.(tl8,930
1.581,169
Jan. 1 to Mar.
31.
Gross earnings
Here
$
we see
that not only is
larger than in 1884, but it is a
and
$
the March net
total
from returns collected by us, exhibits
the receipts and shipments of gold and currency by the
New York banks during the week.
Received by
8,1885.
$3,122,000
Currency
Total gold and
legal tenders..
The above shows
of
Movement.
$503,000
Gain.
75.000
Loss.
Gold
was
Xet Interior
Shipped by
X. Y. Rinks. X. Y. Bmks.
materially
trifle heavier than in 1883,
following
statement, made up
Week ending May
unprecedentedly large, the increase
then over 1882 having been no less than $730,000.
In
other words, the present March total is unexcelled.
In
both 1882 and 1881 the net was not half its present
amount, namely only $637,017 and $665,286 respectively,
when the
points still
yet the domestic exchanges at interior
movement of money to this city. The
favor the
..
$3,122,000
$580,000
the actual changes in
G
.$2,017,000
73,000
.
iIn..$2.542,000
the bank holdings
gold and currency caused by this movement to and
In addition to that movement, the banks
the interior.
from
have
THE CHRONICLE.
554
[VOL. XL.
that the Government had
on
the first of March
a
general
gained $1,000,000 tlirough the operations of the Sub-Treas¬ balance of 484 million
dollars, with 240 millions in gold,
ury. Adding that item, therefore, to the above, we have the
and a net surplus of 153 millions over and above all
following, which should indicate the total gain to the
tfew York Clearing House banks of gold and currency demands; according to the new form the general balance
on the same day was only 261 millions, the net balance
for the week covered by the bank statement to be
only 22 millions, and the gold holdings of the Government
issued to-day.
127 millions.a The fundamental facts are of course the
Week ending May
Into Banks.
8,1885.
Net Change in
of Batiks.
Bank
same
Holdings.
7,500,000
$580,000
0,500,000
Gain.
$2,542,000
1,000,000
$10,622,000
$7,080,000
Gain.
$3,542,000
$3,122,000
Banka’ Interior Movement, as above
^utt«TrA«jmry operations
Total gold and legal tenders....
Out
Gain.
England reports a gain of £111,402 bul¬
during the week. This represents £431,000 drawn
from abroad and £319,598 sent to the interior. The Bank
of France shows an increase of 18,869,000 francs gold and
2,648,000 francs silver, and the Bank of Germany since
the last report gained 4,947,000 marks.
The following
indicates the amount of bullion in the principal European
banks this week and at the corresponding date last year.
The Bank of
lion
both
in
statements,
but
Gold.
£
Gold.
Silver.
By way of illustration take simply
the gold holdings (the point our people are most nervous
about) on the first of each month this year—stated in the
new form, so that what belonged to the Government when
each report was issued may be seen at a glance—and we
shall find the variations since the first of
material
as
many
£
£
£
Gold
Bank of Germany
25,325,961
26,989,926
42,881,495 42,632,596 40,895,596 40,220,941
7,074,837 21.224,513
7,662,250 22,986,750
Total this week
76,916,258 63,857,109 73,883,807 63,207,691
Bank of England
Bank of France
Total previous week
....
76.017.981 63.564.946
73,236.317 62.963.91
3
Assay Office paid $53,169 through the SubTreasury for domestic bullion and nothing for foreign
The
bullion
during the week, and the Assistant Treasurer
following from the Custom House.
received the
Consisting of—
Date.
Duties.
Gold.
May
1
“
2.
“
4
“
5.
“
6
“
7.
Total
TJ. S /
Notes.
-
Gold
Silver Cer¬
Ocrli/lc’8.
tificates.
$129,000
$325,468 24
$2,000
$36,000
$159,000
362,452 09
3,000
173,000
134.000
23
3,000
52,000
60.000
179,000
161,000
43
2,000
77,000
218,000
133.(KO
26
84
2,000
38,000
160.000
143,000
2,000
38,000
138.000
96.000
$2,188,778 09
$14,000
$301,000 $1,026,000
$346,000
403,165
481,271
342,687
273,733
THE GOVERNMENT'S GOLD RESERVE.
The
so
Certificates.
Net Gold
-
Treasury.
$234,975,852 $119,631,150
237,107,975 134.279.530
240,029,843 153,110,220
241,440,790 153.337.530
243,162,195 153,800,090
April 1
May 1....-
February not
imagine.
Total Gold
1885.
January 1
February 1
March 1
Silver.
in¬
apparent in the latter.
May 8, 1884.
,
some
no little knowledge of book-keeping to work
them out of the former, whereas they are obviously
Issued.
7 1885.
required
genuity and
in
Ma y
it
Held.
Held
|
-
j Outstajiding
$20,343,730!
22,299,1501
40,420,930
$93,287,420' $141,0S8,432
111,980,880j
112,633,290
125,187,595
127,3(0,553
115,647,540' 125,793,256
28,625,290! 125,234,800' 117,027,395
37,689,990
An examination of the
foregoing shows that the Gov¬
only a little over 125 millions of gold on the
first of last February, and yet the fact was not very gen¬
erally remarked upon; whereas on the first of May, with
the net holdings about 118 millions—-which is a loss of
only a little more than 7 million dollars in the three
months—nervousness is widely felt and expressed.
To be sure, if we started our comparison with the first
of January as some are doing, the outlook would be less
satisfactory; but there are reasons why in this case that
In the first place, the January
date need not be so used.
Government income was small, being 2 millions less than
January 1884, and being also somewhat less than March,
or April this year, so the month is not in this particular a
fair basis for an average estimate; (2) the Government
disbursements were likewise large, there being interest
payments of over 94- millions, with one million paid for
redemption of bonds under an old call, &c.; (3) fur¬
thermore, the same caution now being used to guard
the
gold fund was not observed then, the neces¬
sity not being so apparent; (4) and, finally, in former
years it has been customary for the gold holdings to fall
off more heavily in January than during average months,
except when accumulations of revenue to meet large bond
ernment had
monthly Treasury statements issued this week, have
new attention to Government finances, the Govern¬
ment policy, its holdings of gold, and the tendency of its
balance to run into silver.
These are all points of interest
now, and if the influences operating are not checked, must
wear a more threatening look later on.
But in view of
the meeting of Congress in the fall, and the evident calls have been in progress.
Then another circumstance worthy of note is, that the
intention of the administration during the intervening
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
trust only one of endurance for a time, with relief at the were not that certain new influences are disturbing cur¬
end 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
drawn
(August 1) of 1884 it was down
remembered, that there is nothing to 119 millions. The mere fact, therefore, that 118 mil¬
essentially 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 require¬
from 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
reach.
at
the
same
date
And first it should be
Treasury Department.
Few understood what the 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
in this
connection also, a reassuring
Remember that 63 per
feature is found in
the official returns of March 10 and the
accumulations in the leading cities since, having probably
on the first of May about 60 millions more gold than they
held at the same date a year ago, while other banks have
about 10 millions additional.
This is important not only
because it proves that the visible supply shows no dimi¬
nution, but because it puts it in the power of the banks to
help the Treasury to tide over a temporary stress, should
judging from
the occasion
But some
arise.
silver advocates
say—though fortunately the
decreasing their number every day—
Treasury pay out silver certificates in
larger amount, and so relieve itself ? And why does it not
make the New York banks take them? "We have very
often explained theoretically the damage such a policy
would do the Government and the people; but now the evil
has proceeded so far, that facts will answer the questions
for us, and show how impotent such a relief measure
would be even if it were possible to execute it.
For
three years the Government has been issuing all of these
certificates it could get rid of, even paying the cost of
exchange between New York and Southern and Western
cities to induce their acceptance, until the channels of
logic of events is
why does not the
commerce
have become so
cent of its customs revenue at
this
the New York banks in gpJd
representatives, and is so paid solely because the
banks will not take, and hence have no supply of silver
certificates.
About two months since some of these insti¬
tutions were, at the request of the then Secretary of the
Treasury, on the point of changing their policy and
quietly accepting the certificates, knowing that their
customers could use them at the Custom House.
Had,
therefore, that plan been carried out, the stream thus
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 would have been paid
in silver instead of 63 per cent of it in gold, and
city is still paid through
holdings—the national banks,
larger bank
the present
655
THE CHRONICLE.
1685.]
May 9,
and its
the
catastrophe would have been upon us instead
contemplation as now. The truth is, the posi¬
the New York banks have taken on this question is
in
of
tion
to-day the Government’s only safety, and from the moment
the opposite policy were pursued, the Government could
not
receive
a
dollar in gold or
its representatives.
Cur¬
this clear to those who
reached a point where
figures of results positively prove it.
rency laws have all along made
cared to think, but finally we have
the
foregoing
is undiminished,
for wise counsels prevail at Washington and every effort
gorged that they can carry no will be made to bridge the interval between the present
But
our
confidence in the situation
and are therefore emptying them into the Treasury emergency and the meeting of Congress. Instead of
through tax and customs payments in increasing volume forcing out more silver certificates, a decrease in the
amount outstanding will help to increase the payments of
every month. To illustrate the situation we have prepared
revenue in gold;
a withdrawal of a portion of the one
the following from the daily returns published by us each
and two-dollar legal-tender notes will tend to make room
week of the kind of currency in which the customs duties
for silver dollars or find employment for the large amount
at New York have been paid during the last three years.
of subsidiary currency now lying idle in the Treasury; a
We include only the first four months of each year, so as
cessation of bond calls will permit of the use of the sur¬
to make the comparison perfect, and bring it down to the
plus for the purchase of silver bullion for dollar coinage with'
present date.
out weakening the Government’s reserves. These and other
MONTHLY RECEIPTS OF CUSTOMS DUTIES AT NEW YORK.
steps which the Treasury has in contemplation, seem to war¬
Payments made i)i*
more,
•
received.
$
1SS3.
12,573,239
12,191,071
12,447,108
9,194,391
Jnnuary
February
March
April
Total
40,400,709
.r
Per cent in 18S3
887,000
601,000
9,167,000
9,162,000
812,000
816,000
9,190.000
1,976,000
1,944,000
1,024,000
998,000
534,000
6,025,000
1,533,000
insuperable difficulty need be
feared in carrying us through to another winter, and then
the whole question will be in the hands of Congress.
Of
course, if relief does not come then, further attempts to avoid
the calamity which clearly awaits us, would be utterly
7,077,000
useless.
duties
Total
100-0
Gold.
U. S. Notes.
$
$
534,000
478,000
Gold
Silver
certificates.
certificates.
$
8
2,838,000
33.544,000
61
6-2
724
f287,000
253,000
$884,000
$7,894,000
999,000
8,148,000
$2,693,000
2,681,000
2,820,000
rant
the conclusion
that
no
153
■
•
1SS4.
January
11,762,029
February
12,004,811
March
11,436,780
9,840,822
204,000
1,260,000
6,937,000
3.019,000
244,000
1,344,000
5,573,000
2,643,000
45,104,448
9=8,000
4,487,000
28,552,000
11,030,000
100-0
22
10-0
633
24-5
10,298,891
10.456,906
11,278,971
9,977,571
119,000
8,253,000
2,729,000
8-4,000
3,697.000
3,291,000
77,000
91,000
2,821,000
1,946,000
4,482,000
3,813,000
4,179,000
3,378,000
3,888,000
42,012,399
371,0U0
11,71-,000
14,315,000
27-9
841
April
Total
Per cent In 1884
1SS5.
January
February
March
April
Total
Per cent in
*
The^e
1885'
100-0
0-9
payments do not include amounts
reach only a few
4.120,000
15,565,000
37-1
paid in silver dollars, which
thousand dollars lor the whole year.
only 15-J per cent
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 Treas¬
But one word further. Suppose as a relief measure
ury.
the Treasury should now pay out and the New York
banks should accept silver certificates in transactions
between them, what effect in the light of above figures
must we anticipate ?
Perhaps the Treasury for a few
days would get rid of a few more of these trouble¬
some notes, but would not such payments almost imme¬
diately take away from the Government its only source
of gold, United States notes and gold certificates,
leaving the silver certificates to be turned back on itself ?
that these payments were
in silver certificates in 1883, that they
Here
we see
EARNINGS IN APRIL, AND
JANUARY 1 TO APRIL 30.
RAILROAD
FROM
said that our statement of earnings below
for the month of April is either favorable or up to expec¬
tations.
After an increase of $700,000 in the month of
It
can
not be
in April is certainly some¬
disappointing. And yet the difference in results in
the two months this year, is largely owing to a similar
difference—only reversed—in the same two months last
year.
In March last year our table (containing 53 roads)
showed a loss of $930,375 ; in April, however, the table
(containing 49 roads) showed a gain of $1,254,174. Hence,
it is only natural that this year the former month should
exhibit an increase and the latter a decrease, for in the
one case we have diminished totals in 1884 to compare
with, and in the other increased totals. Besides, there
were some exceptional favoring circumstances in opera¬
tion on particular roads last year which did not exist this
year, and it will be noted that the bulk of the falling off
which our table now records occurs on one or two roads
which have suffered a very heavy contraction in receipts.
As regards general conditions, April this year did not
differ very materially from March.
Merchandise traffic
was small and passenger traffic light.
One advantage
March,
what
a
decrease of $900,000
CHRONICLE.
THE
550
that March
(Tol. XL.
had, April did not have, namely, that there total should be noted. Except for that decrease, instead of
a
of the falling off of nearly a million dollars the roads reporting
severe weather and blockades in
February which was would show a merely nominal decline—$82,407. While
carried over into March, but really belonged to the month the Northern Pacific loses so heavily this year, it gained even
preceding. On the other hand, April had the advantage more heavily last year under the influence of the operation
of a materially augmented grain movement over that of of a completed line (against only a partial line the year
the corresponding month in, 1884. “ But the augmentation preceding) and the great increase of traffic produced bythe excitement about the gold discoveries in the Cceur
was chiefly in corn, and the roads that would profit most
from the larger movement of that cereal—namely, the d’Alene mines.
Passenger traffic, particularly, as we have
Burlington & Quincy and the Rock Island—are not in our many times stated, rose to large dimensions under the
list, so that as an influence a fleeting our totals that fact gold fever. This year there was no such stimulus to earn,
really counts for less than might be generally supposed. In ings, and consequently a decrease in the same was inevit¬
Now that it has come, it is perhaps
reference to the movement of cotton at the South, the able and looked for.
receipts were a few thousand bales heavier than in 1884, larger than expected. Very likely, though, in addition to
but that is really a matter of no significance—the move- the decrease ascribable to the Coeur d’Alene affair, there was
ment was almost nil last year, and is only a fraction of a a falling off this year, as reported in some publications, in
degree further away from the zero limit this year, as may the grain traffic on the Eastern division of the road—in
be seen from the fact that the total receipts at the South¬ Dakota and Minnesota—which together with the prevail¬
ern outports this year were only 74,906 bales, and in 1884
ing depression in business and the lower rates received
only 65,3(03 bales, while in 1883 they had been 228,029 would explain the amount of the present loss in earnings.
Some such circumstances as these latter must also have
bales.
With these preliminary remarks, we now annex
affected other roads in the extreme Northwest, for we
our usual table, giving earnings, and the mileage on which
observe that the St. Paul & Duluth, the St. Paul Minne¬
they areibased, for each road.
apolis & Manitoba, the St. Paul & Omaha, and the Milwaukee
|
GROSS EARNINGS AND MILEAGE IN APRIL.
J'
& St. Paul, all have more or less of a falling off in earnings.
Dross Eamino8.
Mileage.
From the figures of grain receipts at the principal spring?.
Name of Road.
Increase
wheat markets—Chicago, Duluth, Milwaukee—it is not
1884.
1884.
1885.
1885.
Decrease.
apparent that there has been any decrease in this kind
i
!
$
$
$
88
Boet. Hoos.Tun.& W..
88
37,354 i
+2,036
35,318
of traffic, but it is easy to see that all roads may not have
990
824
♦Burl. Ced.fitap. A No.
147,899
4-24,249
172,148
Canadian Pacific
677,0JO ; 343,967
4-333,033 2,794 2,033
shared in the increase, and, besides, this increase is no
12 2,908
490
490
Central Iowa.*
92,221
-30,687
Central Pacific
1,735.000 2,030.079 —295,079 2.802 3,004 longer so important as it was; further, lower rates may have
849
849
—17,256
590,025
607,281
Chicago A Alton
251
251
Chic. A Eastern III—
i03’,547
4-8,317
116,864
more than offset it and the effects of the general stagna¬
was
some
traffic that had accumulated
by
reason
.j
'
i
<-
!
!
or
Chic. Milw.&St. Paul.
Chicago A Northwest.
Ohio. 8t. P.Minn. &O.
♦Chic. A West Mich...
Cin. Ind. 8fc. L. &Ch..
'Cm. Wash. <fe Balt...
Cleve. Akron A Col...
1,928,000
1,835,800
-20,636
+ 13,635
—103,898
4,804
3,843
1,318
—15.991
—191
-396
-902
413
342
281
144
413
342
281
473,349
19,901
—35,189
1,317
1,317
+ 749
138.226
60,470
216,321
-22,357
+ 179
—47,867
53,936
-755
143
261
146
361
500
1,161,983
454,664
1.257,611
480,222
-95,628
—25,558
340,472
119,403
169,892
136,253
93,313
201,711
302,608
+37,864
130,703
168,111
115,571
—11,300
+ 1,781
+ 20.635
+ 3 5,105
+ 15,115
+32,314
143
261
146
361
518
2.931
953
711
402
532
389
282
352
464,100
79,610
197,628
.98,732
39,631
438.160
20,650
115,869
60,649
168,454
53,181
•
{tan-rude Rio Grande.
♦Des Moines <fe Ft. D..
Detroit Lans’g A No..
Evansv. A T. Haute
.
Flint A Fere Marq...
♦Fla. R’y & Nav- Cp..
1 Grand Trunfr of Can.
HI. Cent. (III. Dir.)...
Do
(So. Div.)...
Do
(Iowa lines)
1,948,636
1,822,165
567,998
|Ind. Bloom. & West..
♦Kan. C. Ft. 8. A Gulf
♦Kan. C. Sp. A Mem..
•
95,601
197,822
99,123
40,533
53,233
Louisville A Nashv...
Mexican Central
1,157,605
306,200
186,596
1,125.291
244,110
Milw. L. 8b. A West..
Milwaukee A North..
Mobile & Ohio
Norfolk A Western...
Northern Pacific
104,853
97,383
+7,470
48,601
126,537
198,468
873,105
66,879
38,809
45,335
167.790
+3,266
—41,253
+ 2,46 /
Long Island
Ohio Central
Ohio Southern
Peoria Dec. dtE vans v.
Rochester A Pitfcsb...
Romo Watort’n A Og
*St. Joseph & West’ll.
Bt.L. A.tteT.H. m.line.
Do do (branches).
St. Louis Ft.S. A Wicli.
St. Louis A San Fran..
8t. Paul A Duluth
8t. Paul Minn. A Man.
*Texas A St. Louis
Tol.Ann A.& N. Mich.
Wall. St. Louis A Pae.
♦Wisconsin Central...
...
Total (51
*
roads)
..
51.016
90,679
151.476
58,9*57
8 1.395
54,721
49,379
357,124
05,193
707,800
54,908
20,563
1,114.48s
86,259
196,001
1,441,514
+ 62,090
—568,409
—19,357
,
4,770
3,761
1,307
144
2,800
953
578
402
532
389
282
352
2,065
1,236
2,065
486
221
529
502
399
221
528
502
2,453
2,449
212
1,100
39,599
—790
128
62,555
81,162
132,957
—11,539
+ 9,517
-hi 8,519
—7,768
-20,517
16,709
254
294
417
252
195
139
33,301
+ 15,575
363.489
83,360
801,994
—6,365
—18,167
—97,199
+5, 41 6
+ 3,163
—72,653
+ 5,979
132
81.5
225
212
128
254
291
417
252
195
138
160
776
225
1,397
1,367
735
61
735
61
3,549
3,6 L7
86,236
66,755
104,912
71,433
49.492
17.400
1,187.141
80.280
17.466,84-. 18,112.743
—
441
441
—945,895 45,313 44,149
Only tiireo weeks of April in each year,
t Four weeks ended April 25.
t Not including Indianapolis Decatur
It is evident at
tion in trade
The
also to be taken into consideration.
Chicago & Northwestern has a small gain in earnings*
but that is probably to be attributed to the augmented
movement of corn.
One would think that this larger
movement of
would have left
corn
favorable mark
a
on
the
earnings of all Iowa roads—fin which State the increase in
the yield of the cereal is so pronounced—but in point of
fact while the Des Moines & Fort Dodge has a small gain,
the Central Iowa loses very heavily, and the Iowa lines
of the Illinois Central also suffer a loss.
The Burlington
Cedar Rapids & Northern reports a gain, but that can be
accounted for by the increase in its mileage, without any
We have made
other circumstance.
no
reference here
warfare-among Northwestern roads, under which
classes of freight have dropped to 10 cents
100 lbs. both between Chicago and Omaha and Chicago
to the
rates on all
per
and St. Paul—first because the
till towards the close of the
trouble did not break out
month, and secondly, because
reduction made would count in
it is not certain that the
roads, since reports have it that the
the form of a rebate and that this
rebate is added to the expense account rather than
deducted from the gross earnings. To show the influence of
the grain movement on Westernand Northwestern roads,
we
have prepared the following table in our usual
gross receipts on all
reduction is given in
form.
& Springfield in either
your.
glance that the total here has been
largely by the result on two or three large roads.
Thus the Canadian Pacific and the Mexican Central, being
new roads and operating
a. larger, mileage, contribute an
increase of nearly §400,000.
The same, however,,,was
true in the preceding months, so as respects these par¬
ticular roads the comparison is unchanged.
On the other
hand, we have the Northern Pacific reporting the extra,
ordinary loss of $568,409, and the Central Pacific a loss of
$295,079—together $S63,488. The effect of this on the
RECEIPTS OF'FLOUR
AND
GRAIN FOR FOUR
AND SINCE JANUARY
a
affected
are
flour,
(bh!s.)
Chh at io—
4 wks. Apr.,
4 w ks Apr..
s-ineo tan. 1,
Since Jan. 1.
,
.
Mil> uaukee
4 'vks , Apr.,
4 wks Apr.,
Since .Ian. 1,
since Jail. 1,
.
St. Louis—
4 wkt*. Apr.,
4 \vk'. Apr.,
Since Jan. 1,
Since lan. 1.
.
.
WEEKS ENDED APRIL
1.
Oats,
I
(bush.)
Barley,
(bush.)
File,
(bush.)
(bush.)
Corn,
(bush.)
1,073,463
4,422,5591 2,023,449
427,509
2.210.055 2,341,800
19,022,123 •9.423,823
18,885,0 TO 9,008,100
217,004
3,074,052
4:
1,571,203
515,528
Wheat.
i
25,
!
188'
IS*+
615,713
2‘U.440
108,15:1
18>5
0,173,292
1-84
1,8-7.077
932,405
188'
1884
83.187
318,103
453,379
2.80,011
3,482.8 H
1,9a 7,450
1885
540,113
1884
1,123,350
3,020,310
85,749
09,379
0.094
24,000
37,740
00,025
183.421
18.068
380,509
202,993
1,591,928
1,011,129
25,000
119,478
129,447
00,230
180,179
7-8,240
54,175
20,154
190,520
170,930
418,700
257,450
905,044
507.894
507,802
1,824,350
2,267.502
.
1885
1881
1883
1884
87,15-1
98,750
395,005
2.914,705
405.22
1,27-3,180
392,904
2,065,029
44i >.079
1.095,905
11. 2 8094
9.337.728
700.7 6
123.125
557
CHRONICLE,
THE
1885.]
Hay 9,
GROSS EARNING8 FROM
o
.
.
Flour,
Wheat,
Com,
Oats,
(bbls.)
(bush.)
(bush.)
(bush.)
Toledo—
ginca Jan. 1,1884
Detroit—
4 wks.. Apr., 1885
Apr., 1884
8lnce Jan. 1,1885
4 wks.,
1,1884
Cleveland—
4 wks., Apr.,
4 wks., Apr.,
1885
1884
Since Jan. 1,1885
Since Jan. 1,1884
Peoria—
4 wks., Apr., 1885
4 wks., Apr., 1884
Since Jan. 1,1885
Since Jan. 1,1884
Duluth—
4 wks.,
4 wks.,
3,034
11,735
39,034
24,333
1,918,931
1,609,913
1,451,451
3,399,851
168,427
10,435
7,079
245,573
106,609
40,192
1,342,263
1,001,374
04,470
99,002
57,182
78,053
275,353
223,769
300,000
205,343
103,2%
73,480
101,020
23,300
52,090
251,185
38.126
127,119
1.502,782
39,067
1,189,700
10,698
11,014
49,982
34,865
104,300
96,873
593,150
259,403
5,100
29,790
90,700
402,2^0
835,270
691,200
4,361,635
4,3 ?5,005
100,605
Apr., 1885
Apr., 1884
........
Thus in wheat
60,400
34,200
45,105
171,000
254,115
1,624
10,774
8,192,353
1,088,9 n
431,941
63,000
802,010
3,202,145
3,096,043
2,149,799
372,956
2,935,375
3,005,140
2,612,055
2,811,907
721.000
10,774
4,767,584
5,573,299
2,095,378
18,605,907 38,741,402
10,308,254 37,575,747
14,788,599 30,010,811
and
corn
206,300
838,093
3,594,373
804,900
4,831,878
803,85)
3,126,500
15,463,904 0,124,575
16,034,178 4,521,970
13,091,2 71 5,809,910
Canadian Pacific
Central Iowa
Central Pacific
Chicago & Alton
Eastern Illinois.
Chic.
500
316,200
pretty nearly every
30.
196,378
160.190
1,298,707
showing that this must have
been a generally favorable influence with the railroads. On
the other hand, in oats there is quite a falling off.
In
corn the bulk of the gain is at Chicago, though St. Louis
also gets a million bushels of it.
Detroit, Cleveland and
Toledo do not get much of it, and it is noticeable that the
roads tributary to those points, and generally the roads in
the territpry bounded
by the Mississippi and Ohio
rivers and the lakes, make rather irregular returns, a gain
or a decline being usually dependent upon whether earn¬
ings were large or small in the previous year. As a rule,
however, the roads in this section have smaller earnings
1884. If we go further north, we find in
now than in
Michigan as poor returns as are to be found anywhere;
reason, depression in the lumber industry.
Wisconsin
roads do very much better, sometimes because of increased
mileage. As regards the trunk lines, rumors are not at all
encouraging as to their business, and the Grand Trunk of
$
$
89,698
867,411
*447,204
*391 j>97
6,210,375
2,454,848
6,355,119
6,766,73,3
1,554,025
332,874
452,487
6,521,523
6,595,623
1,713,686
148,037
47,728
352,477
691,976
106,030
38,978
798.056
573.058
171,160
143,463
534,080
141,061
1,736.994
1,602,963
106,403
353,285
222,402
600,512
315,67 4
221,990
813,107
313,366
4,655,573
1,973,712
1,566,996
470,366
5,180,664
1,894,760
1,372.950
536,017
Mexican Central
Milw. L.Shore & West’n.
Milwaukee & Northern.
Mobile & Ohio
Norfolk & Western
Northern Pacific
Ohio Central
Ohio Southern
Peoria Deo. & EvansviUe
& Og...
8t.L.A.&T.H.main line..
Do
do (branches).
St. L. Ft. Scott & Wich..
8t. Louis & 8. Francisco.
78,952
t Not Including
.......
194,046
65,651
32,311
99,735
294,222
41,644
••••••••
325,401
2,080
409,731
3,946
18,317
9,908
'256
806,395
2i;075
331,057
6,438
149,492
254,241
302,772
450,444
470.641
27,231
33.565
26,467
........
93,270
25,860
278.063
12,950
156,142
67,034
4,826
1,428,468
4,887,549
419,097
66,939,265
282,217
2191984
2.301,534
232,451
64,861
5,072,504
440,951
60,695
20;»02
184,955
21,854
66,457,043 3,486,008
3,004,384
432.222
Net, increase
♦Includes three weeks
t To April 25.
r
525.091
3,554^658
293,146
85,763
♦Wisconsin Central
--**---*
844,676
277,091
2,141,550
Tol. Ann Arb. <fc N. Mich.
Wabash St. L. & Pac...
212,595
2,308
162,218
693,576
169,098
1,361,434
8t. Paul & Duluth
St. Paul Minn. & Man...
*T«ra.s
St. Louis
83,122
412
858,148
349,322
227,010
341,337
482,9 41
383,371
252,203
Roohe8ter& Pittsburg..
••••••
7,223
730,519
698,079
257,476
625,265
4,367,777
78,361
143 j)54
Rome Watert’n
2,402
436,407
666,909
4.693,178
76,275
1,267,879
353,268
180,535
683,668
844,420
2.688,263
309,982
Long Island
Louisville & Nashville..
♦Marq. Houghton & Ont.
159,661
115,963
134,031
94,180
762,830
797,814
551,698
50,107
144,744
00,278
2,545,126
500,215
6,874,000
Total (51 roads)
8,800
781,075
tIndiana Bloom. & West.
& Gulf.
Mem..
larger receipts than a year ago,
$
127,103
1,122,826
♦Kan. City Ft. S.
♦Kan. City 8p. &
port had
Decrease.
870,773
Evansv. & T. Haute
Flint A Pere Marquette.
♦Florida R’y & Nav. Co.
t Grand Tr. of Canada...
Ill. Central (III. Div.)
Do
(South. Div.)
Do
(Iowa Div.)..
1,058.405
Increase.
1,990,237
Chicago Milw. & St.Paul
Chicago <fc Northwest...
Cliic.St.P.Minn.& Omaha
♦Chicago & West Mich...
Cin. Ind. St. L. & Chic...
♦Oin. Wash. & Baltimore
Cleve. Akron & Col
Denver & Rio Grande...
♦Des Moines A Ft.Dodge
Detroit Lansing
No...
183,649
931.576
1884.
$
135,911
Boston Hoosao T. & W..
♦Burl. Cedar Rap. & No.
550
258,280
228,241
1,624
710,063
5,750
8,059
300,479
88,230
854,557
500
1885.
of Road.
Name
76,242
90,291
300,583
32.135
119,480
18,850
Total of all^r
4wks., Apr., 1885
4wks., Apr., 18^4
4 wks., Apr., 1883
Sinoe Jan. 1,18*6
Since Jan. 1,1884
Since Jan. 1,1883
23.335
12,990
53,438
41,004
8,910
57,545
Since Jan. 1,1885
Since Jan.l, 1834
13,221
31,609
50,473
384,910
389,427
273,366
11,880
6,086
Apr.. 1885
Apr., 1884
fcSince Jan. 1,18*6
gince Jan.
(bush.)
.
4 wks.,
4 wks.,
JANUARY 1 TO APRIL
Rye,
Barley,
(bush.)
each year,,
only of April in
Indianapolis Decatur &
i
Springfield in either year.
earnings cover March this time, find though many
behind, there are not a few that have im¬
Net
roads have fallen
proved on last year. Conspicuous among these latter are
the Burlington & Quincy, the Louisville & Nashville, the
Canada above has a further loss this year after a heavy Erie, the Canadian Pacific, and the New York & New Eng¬
loss in 1884.
In the Southwest the St. Louis & San Fran¬ land. On the other hand, the Pennsylvania, the Northern
cisco loses a small part of the heavy increase reported in Pacific, the Atchison and the East Tennessee are roads
poor returns. Some of all of these we have
previous year, but the Kansas City & Fort. Scott road8
and the Fort Scott & Wichita continue their upward move¬ already analyzed and others are commented on to-day in
ment.
Southern roads do quite well—particularly the our article on The Financial Situation. The following
Louisville & Nashville—except where the cotton move¬ table includes all companies that will furnish returns for
ments has reduced the totals, and some idea of the influ¬ publication.
GROSS AND NET EARNINGS TO LATEST DATES.
ence of this circumstance at the different points may be
Jan. 1 to Mch. 31.
March.
gathered from the following table.
Net
Name.
Gross
noted for their
the
COTTON AT SOUTHERN
JAN. 1 TO APRIL 30, 1885,
OP
Ports.
1884.
1885.
TndiiinoLi, Ac
New <)rleans
Mobile
Florida
Savannah
Brunswick, &c
0,792
46,150
137
118
424
35,327
82,756
1,016
1,503
15,887
23,940
6,098
1,763
5,922
38
200
4,003
bales.
Galveston
......
Port Royal, Ac
Wilmington
Morehead City,
&c..
Norfolk
West. Point,
&e
With
...
65,474
1,417
390,110
49,225
25,426
107,296
1,119
69,418
18.33.
125,239
291,141
821
2,611
403.145
709.776
53,804
93,026
8,982
2:3,359
17,407
105,255
,
M02
200
153,012
1,858.690
17
148
000
8,217
6.692
34,607
108,371
4,700
2,780
6,440
41,592
74,900
65,303
223,029
879,919
1,010,053
392
1.550
2,208
431
1,521
2,514
regard to the exhibit of earnings
15.935
85,522
8,322
257,222
69,522
for the four
April, the statement does
It affords a better result
than the showing for April alone.
But that relates merely
to the total; many individual roads report diminished earn,
mgs, some of them in quite large amount too.
Full details
months of the year ended with
not call for particular comment.
are
annexed.
Topeka & Santa Fe—
i.001
1884.
10,530
1,650
3,932
15,516
330
'
Total
5,585
2,888
28,817
1.385.
86,675
2,901
14,021
2,209
140,433
55,976
2,4(50
Charleston
1833.
Earnings. Expenses. Earnings.
Atch.
180.5
Since January 1.
April.
.
FROM
PORTS IN APRIL, ANI)
1881 AND 1883.
Net
1Jperatlng
Gross
RECEIPTS
Burl. Cedar Rap.
1885
& North.—
Canadian Pacific—
lN*5
ISM
.
Chesapeake & Ohio—
I005
1804
Elizab. Lex. & Big
18.-5
D8t
dies. Ohio & South
1805
Sandy—
1884
Chicago Burl & Quincy—
1885
Connotton Valley—
1805
1804
Uch Moines & Ft. DoJge—
1805
1084
East Tenn. Va. & Georgia—
1085
1804
Fort Worth & Denver—
1885
1804
Kentucky Central—
1805
1804
Louisville &
1885
1804
a
077,294
272,309
189,683
152,352
83,693
04,997
098.025
330,6 ’5
3-15,270
12',‘271
1,913.237
219,5 <5
df.75,701
200.775
205.356
03.419
313,542
210.U3
97,389
53.307
43,789
43,861
13,050
120.529
116,110
00,471
30,054
19,520
2.(09 110
1,257,170
24,400
21,907
19,495
4.905
lO.-'OO
32,817
25,5.00
324.400
331,109
57,519
West.—
Nashville—
Not Including the
170,047
179,828
1,404,056
480.096
.
*
1.485.908
1,913,122
029,470
720,702
710,659
1,340,135
217,849
18*4
*
3.520,581
3,743,424
*
*
*
Earnings. Earnings.
25,450
0,23.3,509
2,743.158
60,072
04,800
10,014
2,118
22.162
10.655 i
85,753
21.840
19,024
5,950
70.279
22,008
230.519
84,801
140,231
183,878
17,937
21,8o0
51.107
43,718
first six days of
37,036
1.57,030
150,056
705 18 J
706,563
1.891,9
1
lo'
350,232
f>Ql '71'?
a
923.020
909,48a
343
a
369,084
31U.903
34,321
14,602
9,683
79,770
80.3 3
20,461
21,059
198,149
109,907
38,962
3.535.573
3.242,486
1,438,170
576,33?
421,175
1305, during which time
25,343
39,313
1,020.921
the ro id was not
unusually small,
by receiver; a d during January expenses were
receiver making only such outljys as were absolutely necessary.
operated
230,022
93,018
35,981
63,377
1,287,738]
177.813
779,779
800,235
301,229
71.571
1.291.516
279,400
778,859 df.342,298
9.519
90.504
32.539
31,533
633,170
THE CHRONICLE
668
[VOL. XI*
IBA.'.. I,
March,
NAM*.
Gross
Gross
Net
Net
Operating
Earning*. Expense». Earnings. Earning*. Earning*.
Memphis
A Charleston—
iempc
18bft.
*
•
•
t
Mobile A Ohio1886.....
1884.,
K&ahr. Chatt. A St.
N T. Lake
%
109,252
97.680
11,572
111,925
88,462
23,463
190.956
186,080
127,739
54,870
186,737
206,819
ftfrie A Wesl
K
107,213
143.692
557,131
525,786
75,067
546,642
87,039
604,306
145,927
212,028
4,255,590
4,559,146
770,002
536,022
263,931
259,471
165,293
08,636
52,015
720,450
207,4=6
755,120
221,922
109,192
219.321
210,298
134.245
184,083
85,676
045.952
648,675
483,860
462,564
254,955
280,431
228,405
182,138
1.276,025
1,271,023
691,612
+454,474
+489,110
237,188
480,846
1,815,158
518,155
2,119,144
745,937
Norfolk & Western—
*
1886
18S4..
70,215
.
188ft
1884
Northern Paoiflo—
978,256
265,469
287,152
Over Illinois Central...
134,7ll
Over Cairo & Vincennes
155,530
19,092]
86,017
39,336
54,406
165,140
Over Louisville Cincinnati A Lexington
16,666
40,320
Receipts at Cincinnati by Ohio River...
Receipts at Cincinnati by Cin. South’rn
34,035
68,707
247,596
OVer other routes
79,056
532.036
Shipped to mills, not included above...
261,438
Northern Central—
438,601
Total gross
lg04*.‘
••••••••••••••*•
PbMadei phm A Readln gV—
lSfcft
p£ua.*A
Read! Coal it iron1886
j.
1884
..
Western interior towns
Shipments inland and Southern Spin*
51,235
43,684
14,314
226.132
027,263
718,075
5,560,518 1,870.990
0,386,286 2,115,8d2
1,054,469 1,068,619 def 14.150
2,868.880 df 115,187
2,850,264 df 297,644
914,465
*
1886
117,120
831,435
428,487
65,629
78,025
1,975,517 1,254,568
1,965,467 1,275,600
720,949
5,214.415
5,037,945
1,588.223
200,407
02,085
82,358
Nam*.
689,807
46,200
50,747
82,424
80,134
31,747)
$
895,802
1,193,422
209,149:
2,852,856
417,770
121,368
93,183
51,170
29,553;
375,988
293,004
120,523
$
991,825
1,402,571
172,544
122,686
,1884..
Grand Trunk of Canada—
..
£
1886.
1864
Chicago AGr. Trunk1880
1884
Det, Gr. Haven A Milw.—
:
1
£
£
180,354
22,320
456,252
09,715
70,501
527,718
117,802
36,804
49,903
30,642
48,307
222
80.355
7.474
0,536
03,002
11,097
12,362
11,087
14,856
1,275
3,400
80,879
$
156,924
$
125,823
def. 360
$
601,079
381,205
182,300
Name.
January.
S
59,903
50,224
274,703
279,790
150,050
159,158
138.363
59,867
78,996
100,009
76,014
52,870
23,591
40,909
$
1884
New Mexico Division—
1885
1884
54,831
4,030
$
288.577
15,829
Jan. 1 to Jan. 81.
$
79,413
102.022
3,740
34,398
1
Southern Pacific (No.Div.)—
1885.
1884
Southern Div.T—
1885
1884
Arizona Division—
1885
£
42,659
20,189.
$
102,622
■
*
42.659
79,413
20,189
118,713
274.703
120,0381
279,796
118,713
120,038
198,363
166,089
89,455
52,870
51,834
29,285
18,805
89,4551
29,285
13,865.
*
78.996
Including 68 per cent of earnings and entire working expenses of the
Tork Pennsylvania A Ohio Railroad.
i Embracing operations of Central of New Jersey in both years.
+ Not including taxes and rentals.
I Expenses include taxes in both rears
T Not including Colorado Division in either year.
New
\
otherwise de100
Galveston
5,350
13,145
New Orleans
Mobile
50
228
37
13,300
21,963
1,113
6,318
1,411
5,867
1,160
96
754
1,244
2,453
Total to he deduoted
316,042
407,220
478,949
Leaving total net overland*
578,718
546,726
5.99,862
8pyann ah
....
;
rrhfvrlp.Htnn
North Carolina ports
Virginia ports
*
This total inoludes shipments to Canada by rail, which since Septem¬
ber 1,1884, amount to 21,043 bales, and in 1883-84 were 18,443 bales,
and in 1882-83, were 34,615 bales.
RECEIPTS, EXPORTS AND
85,419
£
201,284
*
282.747
181,920
1885
1884
f
S
.
202,674
274,785
18.81C
1884
Mexican Central—
218.980
2,035,375
1,864,610
Dockings (not
dueled) from—
1,113,506
372,794
S
1884
Cin. Ind. St. Louis A Chic.—
1886
ners*
Jan. 1 to Feb. 28.
February.
Central Pacific—
256,502
19,700
453*8
132,751
82,408
18&S
696,077
747,667
104,264
87,428
124,030
i.
......
1884.
Union Pacticl—
1885
1,404,551 11,003,593 8,695,266
1,029,666 df.115,201
953,946 1,078,811
439,378
1.919.502 1,292.289
2,188,144 1,470,060
285,402
894,760
316,008
102,383
260.466
‘8,284
231,603
158.077
103,282
P^US^felphla & Erie—
48,429
56,342
47,368
40,310
68,515
76,965
Receipts overland at N.Y., Boston,Ac.
Shipments between (or South from)
1,101,109
4,002,627 2.598,076
24,973
48,539
80,863
59,812
20.63?
71,733
57,957
6,247
6,988,590 2.092.172
2,474.265
3,635,374
IT—
76,485
5,821
overland
387,508
21,448
189,075
108,494
26,064
Deduct—
Penn, (all lines east ol Pitts*
burp A Erie)—
1882-83.
Shipped—
Over Jeffersonville Mad. A Indianapolis
Over Ohio A Mississippi Branch
864,137
^LANeW England—
Since September 1
From St. Louis
1.
1883-84.
1884-35.
‘
.
224,441
253,943
1,204,386
1,282,918
1884.! *!*.!!!!!!*!!!!!!!!!!!
c
Over the Mississippi River, above St. L.
Over Evansville A Terre Haute
1,495,5il
1886
1884
N.
6.558
351,765
335,816
57,536
111,070
118,880
%
$
$
185,275
Louis—
OVERLAND FROM SEPTEMBER 1 TO MAY
Jan. 1 to Mch. 31.
SPINNERS’
TAKINGS.
In the net
receipts at the ports the falling off from pre¬
noted last month, has continued during
April, but the decline from last year has not been so
decided as then exhibited.
Of the more important ports,
New Orleans, Savannah and Charleston record increases
over a year ago, while Galveston and Norfolk fall behind.
The month’s movement has been only 103,375 bales,
against 111,755 bales in 1884 and 284,519 bales in 1883,
making the total for the eight months 4,666,289 bales,
against 4,706,873 bales for the same period last season and
5,630,189 bales m 1882-83. The exports to foreign ports
during the month differ very slightly from those for
April, 1884, showing an excess of only 204 bales; but in
comparison with the corresponding month of 1883 there is
a deficit of 201,756
bales,^which, added to the loss from
vious season,
that
season
(1882-83) previously recorded, makes the deficit
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
OVERLAND
bales in the preceding year.
The receipts, exports and
MOVEMENT TO MAY 1.
stocks presented in our usual form are as follows.
Our statements of overland are brought down to-day to
the first of May, and now cover the first eight months of Movement from Receipts Receipts EXPORTS SINCE SEPT. 1, 1884, TO—
since
since
Stocks
now
the cotton
Sept. 1,1884 to
May 1, 1885.
season.
OVERLAND
MOVEMENT
TO
MAY
1, 1885.
The gross movement
overland during April exhibits a
decline from the figures for the corresponding month of
the two preceding years, the month’s total being 51,932
bales, against 80,276 bales last year and 89,155 bales in
1883; for the eight months the aggregate is 894,760
bales, against 953,946 bales and 1,078,811 bales respect¬
ively for the same period of the two previous seasons.
The net movement for the month, however, is in excess
of that for April, 1884, but falls behind the figures for
the same month of 1883.
It is 22,536 bales, against
20,398 bales in 1884 and 27,538 in 1883. The total for
the
season
to
date exhibits
an
excess
over
1883-84 of
Galveston
Sept. 1,
Sept. 1,
Great
1884.
1883.
Britain*
453,850
536,052
Indlanola, Ac..
10,773
8,467
New Orleans.... 1.496,655 1,494,481
Mobile
227,817 250,882
Florida
77.489
42,742
Savannah
Brunswick, Ac.
Charleston
Port
Royal,Ac.
Wilmington
Moreh’d C., Ac.
Norfolk
West Point, Ac.
New York
Boston
Baltimore
Philadelphia,Ac.
Total 1884-85
Conti¬
nent.
7,470
Total.
64,125
227,393
20
20
May 1.
[0,802
••!•••
8,585
179,903
11,699
313,947 1,250,413 3131,257
700
14,012
43,830
2
8,585
199,256 300,85b
11,008
104,211
22,259
152,665
339,135
5,807
14,040
65,237
1,487
9,602
412,96?
13,629
91,478
12,535
545,106
572.030
11,775
13,895
07,215
80,463
87,305
46,560
105,165
109,565
24,954
47,224
35,331
138,214
••••••
469
295,817
49,488
556,932
112,860
156,830
58,023
5,293
220.331
277,667
35,593
883,387
0,375
280.424
714,644
9,740
509,009
6,607
93,464
4,600,289
Total 1883-84
Total 1882-83...
155,798
France.
.....
646,887
658,593
277,873
43,130
7,984
51,197
112,391
114.749
3,050
53,411
3P.031
5,212
847,382
0,810
11,440
0,944
2,233,615
364,057
953,349 3.551.021
553,008
4,700.873 2,188,170
447,575
874,236 3,509,9+1
550,037
5.630,189 2.453.263
898.124 1,254,854 4,106,241
659.426
31,992 hales, but is 21,144 bales less than in 1882Great Britain exports include to the Channel.
83, reaching 578,718 hales in the eight months this year,
Using the facts disclosed by the foregoing statements,
we
shall find that the portion of the crop which has reached
against 546,726 bales and 599,862 bales respectively in
the other years.
Our usual table giving in detail the a market through the outports and overland, and the
movement for the eight months of this year and the two Southern consumption since September 1, this year and
the two previous years, is as follows,
preceding years is as follows.
*
9, 1885.]
bales
Receipts (at the ports to May l
Net shipments overland during same time
Total' receipts.. L
Southern consumption
bales.
since September 1.
1882-83.
1883-84.
1884-85.
'
4,666,289 4,706,873 5,630,189
546,726 599,862
578,718
noticed that the movement up to May X
shows a decrease in the average weight as compared with
It will be
the
5,245*00-7 5,253,599 6,230,051
239,000 264,000 275,000
.bales. 5.484,007'5.517,599
Total to May 1.........
6,505,051
marketed since September 1,
1884, is thus seen to be 33,592 bales less than in 1883*84
and 1,021,044 bales less than in 1882-83. To determine the
portion which has gone into the hands of Northern spinners
during the same period, we have prepared the following.
....bales. 5,494,007
Total receipts to May 1,1885, as above
The amount
Stock on hand
At Northern
At Southern
At Northern
of
cotton
periods of the last two years, the average this
being 481*11 lbs. per bale, against 482*11 lbs. per
for the same time in 1883-84 and 489-95 lbs. in
same
year
Dale
1882-83.
THE
The general demand
and disappointing, and
low and unsatis¬
factory to the mills. Some large “ round lots ” of plain
and colored cottons, wide sheetings, &c., were moved by
means
of
interior markets
demand
5,600,197
May l, 1885
of about 800,000
the extent
Soutjhern ports
375,082
178,616—
-
Northern interior markets
Total takings by spinners
Taken by1 Southern spinners
553,698
4,454-4,127,514
■
1,472,683
239,000
sinoe September 1,1884
10i3le
1O70
spinners since September 1,1884
1,233,683
time in 1883-84
1,391,778
...6
by Northern spinners
this year.hales 158,095
Decrease in takings
.
.
7
..8
The above indicates that Northern spinners had up to
9...
byj
the
1884-85.
1883-84.
1882-93.
bales.
Sept. 1
5,484,007
5,517,599
6,505,051
72,000
35,000
168,000
bales.
5,556.007
5.552,599
6,673,051
Total In sight
present year is
3,408 bales more
24....
25....
26....
27....
28....
29....
30....
May 1 of the
than in 1883-84 and
has come into
and previous
prepared the following, which shows the
have
the last three seasons.
-
1884-95.
Months.
October
.450,047
1,309,111
1,325,716
1,317,773
1,390.902
1,360,404
513,187
291,753
192,903
November
December
January
February
March
413,836
.
April
Total 8 months
402,336
1,180,761
1,402.952
1,435,006
1,264,816
453,985
370,337
803,565
664,834
83,911
262,772
107,153
518,540
265,057
5.556.007
5,552,599
6,673,051
exact measure
of the receipts up to
May . 1, we give below our usual table ofof bales.
We give for comparison the figures
time in the two previous seasons.
the weight
for the same
Same
Eight Months ending Mag
Texas
Number of
Weight in
Bales.
Pounds.
1, 1885.
Same
peri'd in peri'd in
1883-94. 1882-83.
10k
316
101*
316
316
318
3 18
lOJie
balances in the
1,496,655
227,817
801,879
49800
49500
503-00
46900
468 00
482-60
466-20
466-93
472*70
470 59
472-90
478*60
515,616
Virginia
825,530
103,066
47.951,457
465 25
470-38
47109
North Carolina.
Tennessee, Ac..
1,049,321
518,364.574
494 00
493-00
501*50
Alabama
Georgia*
Total
*
5,484,007
Including Florida.
2,638,430,778
481-11
482 11
like
8...
363
3-63
3-63
UJi«
9®8
3*63
Ilk
ilk
ilk
3-63
363
8...
3 63
3-63
3-63
3*63
3*60
3 60
7k
7k
7k
9k
7k
7k
9k
..
9Hlfc
9llie
7k
7k
7k
9k
9k
9k
..
ilk
ilk
ilk
ilk
ilk
7k
7k
7k
7k
7k
7k
..
9k
9k
9k
8
91316 360
7k
7k
3*56j
7k
8
8
3*60
913le
8...
3*60
3-56
..
ilk
ilk
ilk
3*59
8
8
3*56
3-56
8
8
356
8
356
8
3 56
8...
3*60
8
8
3*60
360 !l 8
3*60
3
3
3*60
8
3*60
8...
3*60 '8
3*60 u8
8
360
■
9k
7k
»
8
<8
3 59
9*16
..
like
like
3*59
9aia
d
8
8
3*60
99ie
..Holi day...
7k
363
7k
913le 3*60
md
••••
8...
3*60
..
9k
*<*.
1
*•••
8
upland at New York,
sheetings, agents’ prices
cotton, low middling
Payments.
Receipts.
Date.
1,019,919 89
4.
5.
6.
7.
8.
1.397,529 60
Total...
6.492.790 96
“
“
“
“
“
1,301,174 54
927,118 57
869.953 51
977,034 85
Currency.
Gain.
$
$
$
$
■\
50
1,741,041 57 138,771,364 60 23,778,002
23,754,075 01
1,613,940 15 133,579,481 54
81
1,118,691 46 139,619.903 82 23,896,130
1,046,714 59 138,076,661 57 23,719,782 04
1,464,712 73 133.234.332 65 23,567,301 74
1,307,071 66 137,835,265 03 23,636,432 53
8,292,17*2 16
Mints.—The following state¬
ment, 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 1885:
Coinage by
United States
Month of
Denomination.
April, 1885.
Pieces.
Value.
$
Double eagles
Eagles
Half eagles
61,000
41,400
71,500
l,22t>,000
414,000
357,500
Thrfip dollars
Quarter eagles
Total
gold
Dimes
'Total silvor
Pieces.
Value.
295,235
5,9oJ,700
9
95,033
229,175
854
841
625,586,
956,330
1,145,875
2,562
2.103
3,848
8,015,418
1*991,500
2,410,000
2,410,000
9,545,400
220,000
22,000
1,065,925
106,592
2,630,000
2,432,000
10,612,125
0,652,292
1,474,400
73,720
10,070,200
100,702
400
400
1.700
Total minor
Total coinage
in 1885.
173,900
Five cents
Thrift cents
One cent
489-95
Four months
3,848
Dollars
Quarter dollars
South Carolina.
Louisiana
Ilk
•
Balances.
Half dollars
482-10
Ilk
•
S
8
table shows the receipts
Sub-Treasury in this city, as well as the
same, for each day of the past week:
Standard dollars....
477-1 i
7k
7k
7k
7k
'■mi
payments at the
518-56
473-00
8...
3*56
363
3-63
3-63
9k
9k
9k
9k
..
11*16
Si..
3*62,
3-6o
3*60
..
U. S. Sub-Treasury.—The following
and
Weight.
715,401,090
113,452,866
376,081,251
240,380,179
388,411,865
7k
7k
7k
7k
7k
7k
7k
prices are—For
Weight.
513-63
7k
356
wn
90*
9®j§
printing cloths, manufacturers’ prices; for
which are subject to an average discount of 5 per cent.
Weight.
238,387,496
3-56
11*16
for
Average
464,123
7k
7k
7k
Ilk
ilk
Average Averagt
509-79
7k
7k
8...
WEIGHT OF BALES.
To furnish a more
7k
314
314
3-14
314
105l6
10°16
May 2.
1882-83.
1883-84.
7k
7k
?k
3* 13
ionle
I0lll6
10°16
109ie
lO^is
22....
23....
1,117,044 bales less than in 1882-83.
As it will interest the reader to see what
sight each month of the season during this
movement for
..
113I6
3*50
356
3-56
lUia
Ilk
..
313
313
313
lOHie 313
10U16 313
10U16 3*13
The above
the movement up to
This indicates that
312
312
8...
1058
10°8
105s
16....
17....
18....
19....
20....
21....
May 1 to be as follows.
7*4
7*|
7k
74
7k
7k
308
309
rr--
...
AMOUNT
5
1
OF CROP NOW IN SIGHT.
the number of bales which
this year and the two previous
seasons.
An additional fact of interest is the total of the
crop which was in sight on May 1,
compared with
previous years. We 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
7*
7i4
d¥v U316
8...
306
3*08
M1— oc ;
10...
In the foregoing we have
has already been marketed
’
306*
3 06
..Holi
3*06
..
1 taken 1,233,683 bales, a decrease from
11...
corresponding period of 1883-84 of 158,095 bales and a de¬ 12...
crease from
the same
period of 1882-831
of 305,285 bales. 13....
..
.
4
May
1883.
1884.
Sheet- CoWn Print¬ SheetCotVn Print¬ Shot- GotVn Print¬
low
low
ing ing§k
ing
low
ing
mid¬ cloths, standmid¬ cloths,
mid- cloths,
64x64 ard. dling. 64*64 ard.
dling. 64*64 ard. dling.
Taken
.
Northern .4
Taken
.
.
.
5
by Northern spinners
same
—
Total marketed, as above
Interior stocks in excess of
pieces.
1885.
4,151
April.
production to
contemplated curtailment of
because of a
6,853—3,544.168
21,043
years, we
goods was light
for staple cotton
prices continued
price concessions, but there was very little dispo¬
sition on the part of either jobbers or converters to antici¬
1,1884)—
87,415
pate future wants. Print cloths were in moderate
24,318 —111.733
4,457— 116,190 and fractionally dearer toward the close of the month
ports.....
ports.
Total supply to
on
TRADE IN APRIL.
COTTON GOODS
commencement of year (Sept.
Of this supply there has been exported
to foreign ports since Sept. 1, 1884,3,551,021
Less foreign cotton included... bales.
Sent to Canada direct from West
Burnt North and South
Stock on hand end of month (May 1,1885)—
At Northern ports
.bales.
At
At
559
CHRONICLE
'
May
THE
2,803.900
4,423.500
OM^oo
100
51
11,546,300
174,473
[ 22.784.011
17.8 42,183
[VOL. XL.
THE CHRONICLE.
*560
Liabilities.
Assets.
STATEMENT FOR APRIL, 1885.
The following is the official statement of the public debt aa
it 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.
THE DEBT
Riillirm in
treasury
treasury
INTEREST-BEARING DEBT.
9AS. ICQ 1QK
153,800,090
Certificates issued
Less on hand
Net
8
$
$
$
177,427,377
65,734,818
Gold.—Coin in
Balances.
28,025,290
125,234,800
417,927,995
gnld held
Silver.—Standard dollars intreas’y 159,411,034
Character
of
Issue.
Amount
'Jnter’t
P’y'ble
Registered.
mat.
$
%
.....Option. Q.-F.
4^s
! 1891. Q.-M.
4a
1907. Q.-J.
4a refdg.certfs. Q.-J.
8s, pension ... J.& J.
dcUnpaid. Interest.
$
194,190,500
250,000,000
737,715,800
198,906,450 51,093,550
600,973,200 130,742,600
214,050
l
1,058,093,662 187,836,150 1,260,773,862
Aggregate.
163,483,221
141,585,086
Certificates issued
I,ess on hand
32,141,140
109,443,946
54,039,275
United States notes in treasury
2,459,053
"
..
46,805,090
25,450,000
50,(00
Certificates issued
813
Lesson hand
25,400,000
140,000
14,000,000
21,465,690
1,292,470
17,490
*64,623,512
*04,623,512
J.&J.
$
1,450,429
1,875,000
10,692
370,335
1,797,370
53,572
4,042,187
Bullion in treasury
Accrued
Int. Vue
Coupon.
$
194,190,500
3a
Pacific RKs...
Outstanding.
2,254,459 7,223,705
Nnt.ional Bank notes held
•
♦
1890
2,362,000 mature Jan. 16, 1895; $640,000 Nov. 1. 1895; $3,030,000 Jan. 1.
54,820,000
Feb. 1, 1890; $9,712,000 Jan. 1, 1897; $29,904,952 Jan. 1, 1898; $14,004,500
1,1899.
an.
DEBT ON WHICH INTEREST HAS
Totals
$58,005
846,681,016
Old demand notes....
25,450,000
25,400,000
50,000153,860,090
28,625,290- 125,234,800
141,535,086
32,141,140- 109,443,946
Certificates of deposits
Less amount held in Treasurer’s cash
Gold oertificates
Less amount held in Treasurer’s oash
Silver certificates
Less amount held in Treasurer’s cash
15.342,088
lost
or
6,966,154
8.375,934-
destroyed....
$613,783,920
Aggregate of debt bearing no interest
Interest.
Principal.
$
Total.
%
$
250,000,000
737,715,800
4a
194,190,500
3a
244,050
Refunding certificates
14,000,000
Navy Pension fund
Pacific RR. bonds, 6 p. ct... 64,623,512-1,260,773,862
4,746,085
Debt on which int. has ceased.
Debt bearing no Interest846,739,021
Legal tender notes, Ac
25.400.000
Certificates of deposit
Gold certificates.
125,234,800
109,443,946
Silver certificates
6 986,154— 613,783,921
Fractional currency
$
4J4s
Less cash items available for reduction of the debt.
Less
reserve
..
.$267,321,118
1,521,099,206
1,497,741,845
1,502,579,185
RECONCILIATION BETWEEN OLD AND NEW STATEMENTS.
475,954,810 451,990,888
$
1,S83.907,572
$
$
1.8S9,913,770 -6,003,204
909,353
38,340- 05,031,205
1,955,5-11,931
AT LATEST DATES.
EXCHANGE AT
37,689,990
30,801,615
50,000- 60,810,430
1,005,000- 09,550,605
28,025,290
32,141,140
1.8-9.020,384
Tr’y, old f’m
483,932,560
new
Reduced by certs.*
as above
LONDON-Apr. 24.
Time.
On—
Amsterdam.
Amsterdam.
Hamburg...
Berlin
Frankfort...
Antwerp.
...
Paris
Paris
St. Petersb’g
Genoa
Rate.
2210'*>223g
44
44
44
44
4 4
.
<1
New York... 60 days
dom’nd
Bombay
i
Calcutta
....
i
Is.
Is.
■
Hong Kong.
Shanghai....
....
7iltd.
7qhd*
......
Rate.
Apr.
Apr.
23 Short.
4 4
23
14
23
44
23
44
23
44
23
44
23
12 12
9
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
44
23
23 3 mos.
4*
23
23 Short.
44
23
23 3 mos.
“
23
44
23
44
23
A pr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
44
Apr.
Apr.
Apr.
23
24 GOdays
21 tel. tsfs
“
21
Apr.
Apr.
24
4 mos.
21
“
-
20*50
20*46
20*50
12*07
25*41
25*39
■
40-50
40-50
110-87
4-8813
la.
Is.
3S.
7ia2<L
7i16d.
0%ci.
O&gd.
4h. 1
l.rts.3.988,376 -} 3,032,008
4.31,474.174
[From
-511,008
our own
correspondent.f
London, April 25, 1885.
‘
60,810,430
31,837,597- 92,051,027
‘j
25-07 K S> 20*0212;
25*b71g d>. G‘02i*2
4 53g ’r£4.59j'g
453a® 4512
519] n ® o 11 * (i\
44
Time.
Date.
@12*3
122
12 4
012-4 Vi
II
@20*72
20-68
44
20-68
@20'72
44
20-08
3/20-72
44
12-8i
d) 12*85
44
12*80 ®I2*85
Checks 25*37 *2® 25-4212
3 mos. 25*56 *4 ©25*01
41
EXCHANGE ON LONDON.
Latest
Short.
3 mos.
Coustaut’ple
.
form
debt,
55,795,018
RATES OF EXCHANGE AT LONDON AND ON LONDON
Madrid
Cadiz
Lisbon
.
Cash in
31,837,596
507,791,906 451,990,888
Naples
64,623,512
1,949,830,814
Total
893,548
30,944,048
PELroelaral ©umraercial gufllish Uews
Alexandria
Cert of dcp. in cash
23,957,422
Vienna
Inc.or Dec
April l.
Map 1.
Silver cert, in cash.
738
013,783,921
9,710,516 1,889,020,384
explain the difference between the old and new
reconciliation of the two
for a short time.
Decreased by—
Gold cert, in cash..
83,963
31.837,596
-
13,2 ;0— 65,929,212
690
5,998,707
Totals
4,837,340
64,623,512
1,29 >,470
3,414,312
20,206,305
548,071
10,470
71,794
Dist. Col. bonds paid.
on
23,957,421
,
48,400,929
5,972,032
Aggregate
forms of statement, the following
is given, but will only be continued
Acc’d int. thereon.
Int. due and unpaid
Currency and minor coin red. aoct.
Fractional silver coin redemp. acet*
Int. aoct.,Louisv.& Portld.Canal Co
Treaa’r’s tr’nsf er chks.&dfts.outs’g
Treasurer U. 8., agent for paying
interest on Dist. Columbia bonds.
Fractional silver ooin
Decrease of debt during the month
.
Nat. Bk. notes in process of red.
Post Office department account...
Assets not available: Minor coin
Debt, less cash in the Treasury. Anril 1. 1885
Pacific RR. bonds..
ag’st U.S. notes,Acts ’75&’82
Fund held for redeeming notes of
Nat. Bks. “failed,” “in liquida¬
tion,” and “ reducing circulat’n”. 37,303,218
F’nd held for red.Nat. gold bk.notes
135,594
Five p. c. f’d for red. Nat.Bk. notes 10,903,117
Balance
Debt, less cash in the Treasury, May 1, 18S5
Total debt, old form.
Increased bv—
267,321,118
100,000,000
Totals
Res’ve
9,478,225 1,270,252,087
238,291
4,984,370
Tnt.nl debt.. Iarh nvnllnhlA nn*h if.Ams
$
870,518
36,268,841
Net cish in the Treasury
$
366,031
100,000,000 -307,321,118
hell for redemption of U. S. notes
In order to
One and two yr.
7,242,372
Interest checks and coupons
Interest
1,879,303,863
Total debt
notes redeem’d
pd.
351
Disbursing Officers’ balances
Undlstrib’d assets of failed Nat.bks
RECAPITULATION.
Interest-bearing debt—
3,536
matured debt
on
Deht
Amount.
as
Fractional currency redeemed.
Interest
DEBT BEARING NO INTEREST.
Fractional currency
Less amount estimated
henring no interest
Int. on Pac. RR. b’ds due, unp’d.
2,236,070
4,740,035
238,291
8,5 #
17,490
Ain til red deht
$4,740,085;
Legal-tender notes
13,951,289
Public debt and interest—
CEASED SINCE MATURITY.
Aggregate of debt on which interest has oeased since maturity is
interest due and unpaid thereon, $238,291.
2,148,027
13,951,289
409,611,022 260,078,746 209,532,276
."
«■
2,148,027
69,550 605
The
UNIT til) STATtiS TREASURY STATEMENT.
Anglo-Rus3ian dispute drags its slow length along, and
gravity of the political situation has been by no means
lessened during the past few days.
The question of peace or
war
is 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
increases the difficulties
Assets not nvail’ble
Cash 'n Tr’y, new f’m
Made
up
391,278,539
available for debt 367,321,118
1,899,975,000
1,497,741,845
1,405,439,602 -5,404,596
1,502,579,185 -4,839,310
following statement, from the office of the Treasurer,
It Is based upon the actual returns
Assistant Treasurers, depositaries and superintendents of
issued this week.
mints and assay
333,409,191 4-7,809,819
361,150,166
22,259,025
23,937,421
Debt, loss cash, old..
Debt, less cash, now.
from
-
of-Cash
Balance
was
.
31,508,378-101,004,983
offices:
the
chances of
there is
for the
an
of the situation and reduces the
amicable settlement to
a
minimum. Meanwhile
activity on either side in preparing
expected conflict and the application for a credit of
no
relaxation of
May 9,
THE
1885.]
CHRONICLE.
561
Gold has continued to arrive here in considerable amounts, and the
£11,000,000 shows that our Government are at length in earn¬ bulk of the imports have found their way into the Bauk of England,
est in appreciating the dangers with which their vacillating which has purchased since the 16th inst. £267,090; on the other hand,
the Bank has sold £20,000 for South Ameiica. The P. & O. steamer
policy has involved the nation. Whether a modus vivendi has taken £26,500 to Iudia.
Silver fell slightly after our issue of last week, until Monday, when,
will yet be discovered it is, with present lights, altogether im¬
the supplies to liaud were settled at 49*4(1. With renewed war rumors,
however, and with the better prices for council bills obtained, the price
possible to determine.
and we quote to-day 4&15jd. The chief supplies are as follows:
To anticipate that any commercial improvement would improved,
From Buenos Ayres, £29,400; New York,
£20,000; Valparaiso,
£57,000; Total, £106,400.
The Cathay takes £187,000 to Bombay,
occur during the existing deadlock is out of the question.
and £10,000 to Calcutta.
Mexican dollars are steady at 48*4<1.. at which a few were soldyester-’
Only in the shipping interests and in the chief centres for the
manufacture of war materials is there any animation observed. day for immediate shipment. The Ville de Marseilles, shortly due,
brings about £38,000 on London account. The Indus takes £33,640
General business operations are becoming more circumscribed to China and the Straits.
owing to the greater risks now experienced in carrying out
The quotations for bullion are reported as follows:
contracts. The delivery of goods to foreign ports will naturally
Price of Silver.
Price of Gold.
Apr. 23
Apr. 10.
Apr. 23. Apr. 10.
be more difficult, and although the Russian fleet could hardly
d.
d.
d.
s.
d.
do us much damage the risk would still have to be run and
49 5-16
77 9
Bar gold, fine., or. 77 9
Bar silver, fine..oz.
4944
after the lengthened depression we have gone through would Bar
Bar silver,containgold, contain’g.
not be lightly encountered.
49 11-10
77 1044
20 dwts. silver.or. 77 10)4
A continued restriction of com¬
49%
ing 5 grs. gold..oz.
53 3-10
Cake
silver
oz.
53%
8pan.
doubloons.oz.
mercial dealings may therefore be counted upon. But for
Mexican dols...ox.
48*
S.Am.doubloons.oz.
48)4
this untoward dispute some revival of trade might have been
looked for this spring. Agriculturally the season so far has
The number of failures in England and Wales gazetted last
been eminently encouraging, and financially there is nothing week was
107, against 33 last year, an increase of 74, making
to hinder the development of non-speculative commercial the net decrease since the
beginning of the year 16. The
enterprise, but these satisfactory features are entirely over¬ number of bills of sale published in England and Wales during
borne by the threatening troubles of a great war.
the week was 219, an increase of 43, the net decrease to date
Tenders for £1,611,000 Treasury hills will be received at
being 7. The number published in Ireland was 24, or 7 less
the Bank of Englafid on the 4thprox.
than last year, making the net decrease 3.
The money market has disclosed no fresh feature.
The
A fleet of about seventy vessels trading between England
8.
...
endeavoring to put
discount brokers have been
rates, but
up
with vejy partial success. Attempts to fix the charge for
three months’ bills at 3 per cent have been entire failures.
There is> however, less eagerness to bid for bills and only the
is ;taken at low prices. For loans, on the other
hand, there is no demand, and day-to-day advances have been
choicest! paper
variously placed at from % to 1% per cent, the close being
decidedly easy, i Another favorable Bank return has been
published. The reserve has increased £505,000, the total being
now £17,204,000! and the proportion to liabilities being 48 25
per cent. The stock of bullion is now very little short of
£26,000,000. Clearly, therefore, nothing but political influences
keep the bank rate at its present level of
per cent.
The following are the present prices for money.
...
Lloyd’s at 15s*
cent per annum, or 5s. higher than the premiums ruling a
and India and Australia has been insured at
per
week ago.
We have had
splendid weather. The warmth of
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
during the week. The variations have been regulated solely
by the political barometer, and according as the prospect has
summer
a
week of
has been
been construed
as
favorable to peace or
the
reverse
have val¬
Wheat on Monday was only
Interest allowed
Open market rates.
salable at a decline of 2s. per quarter from the late
for deposits by
advance,
but since then a hardening tendency has
Trade Bills.
Bank Bias.
Disc't Wse
London
Joint
again asserted itself, the political horizon being consid¬
At 7 to 14
Four
Six
Six
Three
Stock
Three
Four
ered
to have become more clouded. It would be altogether
Months Months Months Months Months Months Banks. Call. Days.
useless to attempt to foreshadow the probable immediate
244 m-im
Mar. 20
2*
2%@3 2%@3
3*nom 8*nom 344®3*
future of the market.
The predominant influence will
8 &
244 2H-2H
3 &
smm 3*@3%
27
244
3X<@
244
2H-2
3
H
@
2%§3
244
2m
2m
294®
Apr. 8
unquestionably be the state of the Anglo-Russian relations on
3 nom 3 nom 3*nom
10
2%
.244 2H-2H
2mm 2 m
2H&
the Afghan frontier question. At the same time war is looked
2
3 @3% 3 m
244
2H 244
17
2mm 2mm 3 &
2m
3 ®
244
244 m 2 h
24 00
00
upon by many as all but unavoidable, and they have based
m&m 3 @3% smm
2H&
The following return shows the position of the Bank of their operations on that assumption. From this cause the
market has left off with firmness and quotations have regained
England, the Bank rate of discount, the price of consols,
6d. to Is. per quarter from Monday’s decline. It is not sur¬
the price of middling upland cotton and wheat, and the Bankers’
Clearing House return, compared with the three previous years: prising that under the circumstances farmers are delivering
1883.
1884.
1882.
1885.
their produce very sparingly. They are hoping, and not
£
£
£
Circulation excluding
£
7-day & other bills. 24,443,670 25.300,400 25,613.045 25,936.185 without reason, that they will soon have a better market
7,153.257
6,847,736
5.628,993
Public deposits
8,673,923
offering for their produce, and they certainly could hardly
Other deposits
26,603,164 24,829,297 22,634,063 24.917.529
have a worse.
Melbourne advices state that the export of
Governing securities. 14,40 2,165 12,436,202 14,334,917 13.332.907
Other securities
21,535,491 21,611,951 21,654,256 21.461,549
wheat from the Colony last year was as much as 237,411 tons,
Res’ve of notes & pom 17,203,854 15,777,330 11,323,013 13,590,832
Coin and bullion in
and that there is still a surplus of 10,000 tons.
both departments.. 25,897,524 25,327,730 21,183,053 23,777,067
The following return shows the extent of the imports of
Proport’n of reserve
49
381a
44^
43*25
to liabilities'
cereal produce into the United Kingdom during the first
2^ p. c.
Bank rate
3^ p. c.
3 p.c.
3 p. <•.
102 i2d.
102 4|d.
10134d
Consols
95q«d.
thirty-three weeks of the season and the sales of home-grown
41s.8d.
46s. 3<1
37s. 3d.
Eng. wheat, av. price
34s. Id.
5d,
....d
5\d.
produce for the same period, compared with last season:
Mid. Uplaud cotton..
5r>sd.
ues
weakened
or
strengthened.
j
-
“
00co
“
“
M
-
—
-
-
-
-
-
—
-
—
-
-
-
-
'
No. 40 mule twist....
"
9*<l.
Clearing-House ret’n. 95,370,000
lOd.
9346.
,333,000
93,078,000
The Bank rate of discount and open
chief Continental cities now and for the
have been
as
April 10.
market rates at the
previous three weeks
April
April 0.
2.
of
Interest at
Bank
Rate.
Open
Bank
Open
Bank
Market
Rate.
Market
Rate.
3
2U
5
31 {
3%
3%
5
3
3
2H
2H
3
444
414
4)4
4
4
0
344
Frankfort
4
4*
4
Hamburg
4
4
4
Amsterdam
3
3
Brussels
Madrid
3
2%
2K
444
444
Vienna
4
4
£14
Messrs. Pixley &
b ullion market:
....
344
Market
4
4)4
0
Rate.
2)4
3
4
..
Open
444
444
444
244
444
St. Petersburg..
Bank
3
3
Berlin...
Copenhagen.
open
Market
273
4)1
4)4
414
Paris
IMPORTS.
98,347,000
follows:
April 23.
Rates
I034i1.
*
1832-3.
cwt. 30,714.543
33,683,"99
41,347,042
33,471,241
Barley
10,684,837
11,180,320
11,575,067
9,005,034
1,718.303
1,103,748
13,504,889
5.817,395
Oats
Peas
Beans
Indian corn
Flour
1.210,809
7,492,811
1,112,431
2,150,044
1,609,235
15,199,929
17,101,309
10,614,980
9.712,105
9,323,340
1,381,342
11,041,977
11,293,287
5,602,442
1,111,063
1834-5.
1333-4.
1832-3.
1881-2.
ewt!30,714,548 33,683,599 41,347,<'42 38,471,241
10,614,980
9,712,405 11.283,287
5,817,395
home-grown..29,698,630 28,791,720 28,902,095 24,778,180
314
5
3)4
bales of
m
3
3
3
2=4
444
4
2H
444
m
4
4)4
3=4
0
0
0
0
0
3V.
4
4
4
4
Abell report as follows on the state of the
0,807,154
Supplies available for consumption (exclusive of .stocks on
September 1) in thirty-three weeks:
Imports of wheat.
Imports of flour
.
1381-2.
1883-1.
Wheat
1894-5.
Total
71,028,218
72,137,724
81,532,414
69.007,316
home-grown wheat, barley and
leading markets of England and Wales during the
first thirty-three weeks of the season, together with the aver¬
age prices realized, compared with the previous season, are
shown in the following statement:
The extent of the sales of
oats in the
THE CHRONICLE
562
At’ge
Sales.
Price
qrs
Barley.,
AxPgt
Sales.
Price
d.
2,070,497 33 8 2,007,266
2,923,366 31 4 2,989,488
241,522 19 10 289,182
8.
Wheat,
Av’ge
Sales.
Price
d.
8.
39 1
32 6
19 11
following table shows the exports and imports of specie
at the port of New York for the week ending May 2, and
since January 1, 1885, $nd for the corresponding periods in
The
1882-83.
1883-84.
1884-85.
[Vol. XL,
8.
d.
1884 and 1883:
1,867,428 41 4
1,901,390 33 10
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
1
220,941 21
Imports.:
Exports.
Gold.
Converting quarters of wheat into cwts.f the totals for the
whole kingdom are estimated as follows:
1884-5.
cwt. 29,698,690
Wheat
1883-4.
1882-3.
1881-2.
28,701,720
28,902,085
24,778,180
following shows the quantities of wheat, flour and Indian
oom on passage to the United Kingdom:
®
At present.
Last week.
Last year.
1883.
Wheat
qra. 2,911.000
2,882,000
2,260.000
1,860,000
235,000
Flour,equal to qrs 292,000
238,000
216,000
Maize
qra.
220,000
321,000
117,000
240,000
The
English Market Reports—Per Cable.
The
daily closing quotations for securities, &c., at London,
provisions at Liverpool, are reported
and for breadstuffs and
by cable
as
follows for the week ending May 8:
Sat.
London.
Silver, per oz
d. 50
96
Consols for money
96
Consols for account
Fr’ch rentes (in Paris) fr 78-55
U. 8. 4ksof 1891
114%
VJ. 8. 4sof 1907
124%
Canadian Paoilic
36%
Cfcle. Mil. &St. Paul.... 71%
Erie,common stock.... 11%
Illinois Central
129%
55%
Pennsylvania
8%
Philadelphia & Reading
91%
Erew York Central
Sat.
Liverpool.
Mon.
Twts.
Wed.
49%
49%
49%
98
9734
98
9734
79-42% 7950
115
114%
124%
124%
37k
37%
71%
69%
10
10%
129
128%
54%
55*4
8
7%
91%
89%
Tuts.
if on.
9813 lfl
98t31<?
Thurs.
Fri.
49%
98"ie
98%6
49%
9h% g
98%«
7942 k
115
124 k
79-42 k 7945
115
115
124%
1.24%
38%
68%
38
37%
69%
11 *4
.69%
10%
129%
54%
11
127%
55%
129
7%
55%
7%
89%
88%
87%
Wed.
Thurs.
Fri.
7%
r
8.
Flour (ex. State).100 lb. 10
yheat,No.2,3pr’g
“
7
7
“
7
Cal., No. 1
"
7
“
Cal., No. 2
5
Corn, mix., old... “
5
Com, mix., new..
“
Pork, West, mess.. # bbl 59
31
Baoon, long clear
Beef, pr. mess, new,# to 93
Lard, prime West. # cwt 36
60
Cfteeso.Am. choice
Winter, West., n
s.
d.
10 0
7 10
1
7
7 11
7 7
8% 5 8k
5 3
3
59 0
0
6
31 6
0
93 0
36 6
6
6J 0
0
d.
0
10
1
10
7
8.
d.
10
7
7
7
7
5
5
59
31
93
36
60
s.
10
7
6
7
1
7
6
7
2
8k 5
lk 5
0
0
6
0
6
0
59
31
92
36
59
d.
0
8.
10
6
7
1
7
7
6
2
7
8k 5
lk 5
0 * 59
6
31
92
0
36
6
59
0
d.
d.
8.
0
6
1
6
1
10
7
7
7
7
8k 5
5
1
59
0
31
0
91
0
35
6
0
58
National Banks.—The following national banks have
0
6
1
6
1
8k
1
0
0
0
6
0
lately
been organized:
3,338.—The Franklin National Bank, Franklin, Ind. Capital, $100,000.
JuhuT. Vawter, President; E. C. Miller, Cashier.
Imports and Exports for the Week.—The
imports of last
week, compared with those of the preceding week, show
an increase
in both dry goods and general merchandise.
The total imports were $7,890,894, against $5,793,098 the pre¬
Great Britain
France
Week.
Since Jan. 1.
Week,.
Since Jan.l.
$
$15,800
9,562
$
1,412,991
3,003,055
Germany
West
Indies
20,581
4,469,126
Mexioo
South America..
All other countries..
1,800
-
Tatal 1885.
Total 1884
Total 1883
5,250
52,000
143,625
130,466
7,546
i2m
$57,250
3,068,437
$4,768,579
$29,927
35,981,306
148.034
6,738
$4,813,159
3,101,038
4,728,937
121,250
Silver.
Great Britain
France
*
$273,70-1
$4,813,358
12,658
188,612
9
$24,332
76
73,177
Germ an
18,089
3,456
70,433
154,781
West Indies
Mfiirico
.
4,235
402,524
South America
All other countries...
120,935
161,513
238,786
4,608
Total 1885
$236,358
$5,636,687
$91,973
$550,250
Total 1884
Total 1883
254,126
98,000
5,183,930
61,276
1,529.221
5,541,391
19,820
1,766,919
imports for the week in 1885, $396 were
gold coin and $7,851 American silver coin. Of the
exports during the same time, $52,250 were American gold coin
and $51,300 American silver coin.
Tennessee Railroads 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 railro ids 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 into the Treasury other
Tennessee State bonds, purchased in the market for that pur¬
pose. 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 liability on the part of the railroads.
Chief Justice Waite delivered the opinion of the Court,
which states the question that lies at the foundation of all
these suits to be : whether the statutory lien with which the
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 thereon to the several holders thereof, or only to
Of the
above
American
the State. * * *
After discussing the question quite fully,
as follows : “ The bonds to be issued were on
the conclusion is
their face to bind
only the State. At that time repudiation of State faith was
not thought of.
No purchaser of State bonds ever asked
whether anything else than the faith of the State was pledged
for their payment promptly at maturity.
Repudiation was
looked upon as
dishonorable and
as
something that would
Security to the State against loss by the loan
of its bonds, which were provided for, must therefore be
presumed to have been the sole purpose of the liens which
were to be created on the issue of the bonds.”
never occur.
ceding week and $7,502,100 two weeks previous. The exports
Texas Western.—This railroad was sold May 5 under a
for the week ended May 5 amounted to $6,255,308, against decree of the District Court to satisfy a judgment. It was bid
in by Mr. John Cummins, representing a New York syndicate,
$5,847,570 last week and $6,109,604 two weeks previous. The
for the sum of $140,500.
following are the imports at New York for the week ending
—The attention of investors and others is called to the
(for dry goods) April 30 and for the week ending (for general
Atlantic Mutual scrip offered by Mr. J. P.Wintringham in our
merchandise) May 1; also totals since the beginning of „the
columns to-day.
first week in
January:
Auction Sales.—The following were
FOREIGN IMPORTS AT NEW YORK.
1883.
1884.
$1,956,791
$1,938,463
6,« 61,307
$1,256,125
5,805,777
6,437,750
5,1(52,431
$7,792,741
$7,151,902
$8,394,511
$7,890,894
$52,131,156
$48,603,564
113,822,419
$46,114,345
$37,671,971
110,714,909
96,529.572
1882.
For Week.
$1,728,434
Dry goods
Gen’Imer’dise..
Total
Since Jan. 1.
Dry goods
QenTmer’dise..
126.446,668
1885.
report of the dry goods trade will be found the im¬
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending May 5, 1885, and from January 1 to date:
our
EXPORTS FROM NEW YORK FOR THE
For the week...
Prev. reported..
Total 18 <v*»pVr.
.
$6,144.881
105,985,660
*
1883.
$7,533,931
118,377,734
20
10«)
700
25
400
1885.
1884.
96,413,183
251k-252*4
Bank
25 Glen Cove Mfg. Co
lode
11 N. Y. Fire lus. Co.
55
30 Continental Fire Ins. Co. 221%
3o Nassau Fire Ins. Co
146
51 Brooklyn Fire Ins. Co...173
5u Brooklyn Gas Co
127k
30 Central Milling Co..$7 50#sh.
7 St L »uis Ore A Steel Co.
6
40 Yonkers Gas Light Co... 41
45 The Hart, Bliven & Mead
Company
WEEK.
$6,033,295
Brooklyn
$1 lot
Elevated RR
Merchants Ins. Co.of N.Y.l' Ok}
2d Nat. Bank
135
M rcantile Nat B’k. .111-12%
Fifth Av. Batik
..625
Nat. Broadway B’k...264-66
Import’s & Traders’ Nat.
20 Couev Islam! &
200
18»2.
& Son.
Shaves.
Total 18 weeks. $178,577,824 $162,430,983 $156,829,251 $134,201,543
In
by Messrs Adrian H. Muller
,
$6,255,308
108,615,599
M2.1^0 5C() U25 961.665 >102, <46.178 *114.870.907
sold at auction lately
$3 for lot
9 National City Bank
260k
8 Lafayette Ins. Co
82 k
1 N. Y. Society l ibrary
$l<>
22 U. S. Trust Co
-4o5*4
1 N. Y. Naval Stores and
Tooaooo Excli.. dues to
Jan. 1, 1886, paid
$16
30 Bertha Zinc Co., of Ya... 100
Shares.
54 Hrtfd.&Conu.West’n RR.
7
1 Right Society Library.. .$10
1 Clinton Hall Association.$50
Bonds.
$10,000 Jersey City 7s, reg.,
due 190
>
101%<fcint.
$6,OoO Jersey City 7s Water
8crip. duo 1913
'.
110*4
$4,00i) Co e.v Island & B’klyn
Elvtd. 1st 6s, due 1891. ..$30 lot
$250 Coney Island & B’klyn
Elvtd. RR. 6s certfs
$1 lot
$3,000 New Brunswick Water
.
Co. ist 7s. due 1897
105%
$2,500 New Brunswick Water
Co 2d 7s, due 1899
106*4
$2,000 City of New Brunsw’k,
N. J., 7s Imp , due 1896 —100
$325 Long Island Ins. Co. scr. 20
$1,000 Chic. «fc Can. So. RR.'
Co. 1st 7s, due 1902
$140 CL. & Can. So.RR.Co.
7s iut
$6.<>00 Chic. & Western Lid.
RR. 1st 6s gold, due 1919..105*4
$1,000 Central RR. of N. J.
consol, rnort
98
Mat 9,
£ premium, selling £
gjfoe fPauhers7 %kzzXXz
DIVIDENDS.
Tbe
following dividends have
Railroads.
Boston Gon. &
Per
When
Books Closed.
Payable.
(Days inclusive.)
Monacal pref
& Payton pref.
Falls & Sioux City (quar.)... $12 75
Oin. Ham.
Iowa
North Penn, (qnar.)
Pennsylvania KR
Seaboard & Roanoke.
Bank.
May
May
12
1
May
25
29
3
May
5
On uein.
May
Nassau
YORK,
NEW
-
cent.
2
3
the bears were
The Bank of
18S5-5 P. M.
Market and Financial
jubilant.
England has reduced its discount rate to 3 per
well as New York, the cheapness of
money continues as an evidence of the stagnation m tra de, and
the aversion of capitalists to enter upon anything new in the
way of financial enterprises.
The principal causes for the renewed depression in stocks
this week have been the gloomy outlook caused by the disa¬
greement among the great lines west from Chicago, and the
failure of the Eastern trunk line officers to renew in any shape
the pool agreement which expired on the 1st instant.
The
meetings of the Vanderbilt roads were also held at the West,
and nothing was done, so far as known, regarding the NickelPlate default, or towards bettering the condition of the trunk¬
cent, and in London, as
line status.
To the average
outside observer it appears that the respon¬
sibility for demoralizing rates during the whole of the past
winter must rest with the managers of one of the five great
‘.‘systems” east from Chicago, viz.: (1) the Grand Trunk of Can¬
ada; (2) the Michigan Central, Lake Shore and Nickel-Plate, all
under Vanderbilt control, and counting for this purpose as
one; (3) the Chicago & Atlantic (Erie); (4) the Fort Wayne
and Panhandle lines operated by Pennsylvania, and (5) the
Baltimore & Ohio.
It is palpable that through freights and
passengers could not go between the West and the Atlantic
seaboard except over one of these roads, and hence the Dela¬
ware & Lackawanna and the West Shore lines, having no
Western connections of their own, could not in winter
demoralize rates.
Who are the managers of one or more of the
five “systems” above named, that have insisted upon keeping
rates unsettled in the period from December 1 to May 1, when
the trunk lines might have reaped a fair profit, notwithstand¬
ing the general depression in business?
Rates for call loans during the week on stock and bond
collaterals have ranged at 1@1£ per cent, and to-day at the same
figures. Prime commercial paper is quoted at 3£@.4 per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £111,402, and the percentage of reserve to
liabilities was 50 7-16, against 50 13-16 last week; the discount
rate was reduced from 3£ to 3 per cent.
The Bank of France
gained 18,869,000 francs in gold and 2,648,000 francs in silver.
The New York Clearing House banks, in their statement of
May 2, showed an increase in surplus reserve of $1,998,225,
the total surplus being $55,140,650, against $53,142,425 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.
1885.
May 2.
Differ'netsJr'm
Previous Week.
Loans and dis. $296,616,400 Dec.$l,727,30G
111,484,200 Ino. 1,525,800
Specie
96,0)0
10.814.800 Deo.
Circulation...
Net deposits..
Legal tenders.
Legal reserve
358,349,400 inc. 1,532,700
855,600
33,2 A3,80i» inc.
1884.
1883.
May 3.
May 5.
$341,990,500 $315,507,400
55.997.100
14,417,501
333,215,600
28,112,800
55.769.10o
16,233,600
296,970,300
20,077,600
$4 84
Sovereigns
Napoleons
X X Reichmarks.
X Guilders
4
3
Span’hDoubloons.15
Mer. Doubloons..35
1
Fine silver bars
Fine gold bars....
Dimes & % dimes.
..
—
®
®
®
99 %®
5 20
40%
95%
5 17%
••
40%
95%
Peruvian soles....
English silver
....
U. S. trade dollars
U. 8. silver dollars
9931®
—
92
par.
®
—
94
—
86
—
35%a>
84% ®
—
—
78
—
—
4 78
—
®
....
79
® 4 84
85 «
99% 9
—
85%
par.
bonds were again
quite active the past week, and prices remain strong 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 follows:
Interest
Periods.
4%s,1891
4%s,1891
48,1907
48,1907
May
2.
4.
This is the price
5.
May
May
6.
7.
*127
*129
*130
*133% *132% *132% *133
*
134 % *134% *134% *134%
*127
*129
*130
*127
*128% *129
*130
*130
*127
bid at the morning
*127
*129
*130
*133
May
8.
*111%
*112%
*122
122
*102%
*127%
*129%
*131%
*133%
*134% *135
board; no sale was made.
Railroad Bonds.—State
actively dealt in, as follows:
State and
more
May
*111% *111% 111% *111%
-.reg. Q.-Mar. *111%
112% *112% 112% *112%
*112%
.coup. Q.-Mar.
*121% 122% 122%! 122
-.reg. IQ.-Jan. *121%
121% 121% 122% *122% 122%
coup. Q.-Jan.
102% 102% 102% 102% 102%
3s, option U. S.. ..reg. Q.-Feb.
6s,our'oy, *95.. ..reg. J. <fe J.
6s, cur’oy, *96.. ..reg. J. & J.
6s,our'oy, *97.. ..reg. J. & J.
6s,onr'oy, '98.. ..reg. J. & J.
6s.cp.r,nv. *99.. .rev. J. A .1
*
May
special tax at 5; $5,000 do. 6s new
bonds have been rather
$18,000 North Carolina
at 20; $9,000 Tennessee
bonds at 53; $2,000 do. 6s old at 47; $2,000 Mis¬
souri 6s, 1888, at 106 J; $2,000 Alabama Class A at 89-89£, and
$2,000 South Carolina 6s Brown consols at 107.
Railroad bonds were quite active during the week, with the
tone generally irregular, the market sympathizing to some ex¬
tent with the course of stocks.
Erie 2ds were active and de¬
compromise
clined
sharply early in the week on speculative rumors, but have
and close at 53£ against 54£; West
since reacted somewhat
Shore 5s were also again
active and quite strong, closing at 30£
against 29|; Missouri Kansas & Texas general 6s close at 74£
against 76£; do. general 5s at 59£ against G0£; do. consol. 7s at
107£ against 107; Oregon Short Line 6s at 90 against 90£; Met¬
ropolitan Elevated lsts at 109£ against 108f; do. 2ds at 96£
against 96; Southern Pacific (Cal.) lsts at 96.J- against 95; Mis¬
souri Pacific 1st consols at 97 against 981; Northern Pacific
lsts, coupon, at 103£ against 103$; East Tennessee 5s [at 46
against 44£.
Railroad and Miscellaneous Stocks,—A change came
over the tone of speculation on the Stock
xchange after the
European war cloud passed, and the market has recently been
active, with prices since our last report very weak and
more
depressed.
A 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 unimportant rallies, until Thursday evening.
Various rumors and reports, both true and untrue, calculated
to
depress prices,
have been put in
circulation, chief among
trouble among Western trunk lines and
the bad showing of some of the Vanderbilt roads ; in conse¬
quence of which the grangers and Vanderbilts have been most
conspicuous for weakness, leading the market in its downward
which have been the
course.
The
more
peaceful tenor of foreign news
in British consols have also had their
been expected, since so
to accrue to us in case of foreign war.
A notable fact in connection with
and the sharp rise
effect, as was to have
much has been said about the benefits
the present bear rule in
general situation is not materially altered,
conditions have been brought out more
fnc.
$383,175
Ino.
2,381,400
84.109,900
75,846,700
Surplus
$55,140,650
Inc
.$1,998,225
$806,000
$1,604,125
conspicuously and used to
inquiry for sterling exchange may
uncouunero’l.
United States Bonds.—Government
144,728,000
$83,303,900 $74,242,575
Do
—
par
Reserve held.
Exchange.—A little better
4 89
Sliver *48 and %s.
Five francs
Mexioan dollars..
®$4 88
3 90
4 78
74
4 00
96
55 ®15 70
55 -a 15 65
033* 3 1 09*2
par (t % preie
3 86
the market is that the
but that unfavorable
$89,587,350
4 87
4 86
4 85%
Coins.—The following are quotations in gold for various coins:
kets have
the
London
Paris (francs’)
Amsterdam (guilders)
Frankfort or Bremen (reiohmarks)
Situation.—The mar¬
presented few interesting features this week, and at
Stock Exchange depression was the rule until to-day, and
The Money
Sixty Days Demand.
May 8.
Prime bankers’sterling bills on
Prime commercial
Documentary commercial
11 May 3 to May 10
FRIDAY, MAY S,
premium; Charleston, buying £ premium,
selling 3-16premium; Boston, par.; New Orleans, commer¬
cial, 125 premium; bank, 200 premium; St. Louis, 100 pre¬
mium ; Chicago, 70 premium.
The posted rates of leading bankers are as follows :
recently been announced:
of Company,
fame
563
THE CHRONICLE.
188G.]
good effect against the general
Railroad 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
market.
still rather inactive, but firm suspected).
advanced
Wednesday £ Erie stock and bonds were sharply depressed early in the
to-day like amount. week on rumors
a receivership for the road and further
has prob¬ financial difficulties,ofbut
a better feeling has since prevailed in
ably had some influence.
To-day the rates on actual business were as follows, viz.: regard to them, and they have improved.
To-day, Friday, there was a material improvement in tone
Bankers’60 days’sterling, 4 86|@4 86£; demand, 4 88t@4 88^.
and a decided recovery in prices, arising partly from the cov¬
Cables, 4 88f@4 89.
Commercial bills were 4 84£@4 84£.
Continental bills were : Francs, 5 20@5 20f and 5 17£@ ering of short sales, and partly from a better feeling created
by private dispatches from Chicago which indicated an early
5 18£ reichmarks, 95@95£ and 95£(3l95£; guilders, 40£@40£.
settlement, of the Western railroad difficulties. Prices closed
The following were the rates of domestic exchange on New
at or near the best figures of the day.
York at the under-mentioned cities to-day : Savannah, buying
be reported, though the market is
in tone, posted rates having been
on
cent on the pound, but reduced again
a
The reduction in the Bank of England discount rate
THE CHRONICLE.
564
NEW YORK STOCK EXCHANGE
PRICES FOR WEEK ENDING MAY 8, AND SINCE JAN. 1, 1885.
HIGHEST AND
STOCKS.
■
RAILROADS.
.
Albany A Susquehanna
Boston <fc N.Y. Air-Line, pref
Burlington Ced. Rapids & No
132
Chesapeake & Ohio
Do
Do
132
89V
*63
30 V
&8V 36 V
f8
29
10
10
Canadian Pacific
Canada Southern
Cedar Falls A Minnesota
Central Iowa
:
Central of New Jersey
Central Pacific
35 34
29 78
3514 35 \
2914 29 V
4 Ha
4 Ha
714
714
518
5 V
13734 13734
36 V
30 V
*4
*7V
1st pref....
2d pref....
*5
*137
Chicago A Alton
Chicago Burlington & Quincy.
Chicago Milwaukee A St. Paul
121
8*3
6
138
121 *4
120 34 121 V
68 Ha 70
103
103
92 Ha 9434
70
7038!
pref. 104 V104 V
94 78 95 V
Chicago A Northwestern
*
Do
pref. 129 *4 130
113
113^ 113
Chloago Bock Island A Pacific
'7
8H
Chicago St. Louis & Pittsburg.
Do
*15
pref.
Chloago St. Paul Minn. <fc Orn.
Do
1934
7214
pref.
Cleveland Col.Cin. A Indiauap.
Do
26
140 V
Cleveland* Pittsburg, guar...
Columbia A Greenville, pref...
Delaware Lackawanna A W est.
Denver * Bio Grande
36
26
3614
12914
113
19
70 V
26
20
73
26 Ha
19 Hz
7234
26
140 V
1033s 105 34
4 Ha
434
4V
i’0‘3" 10*4"
o
58 Hz
5
Do
72
Long I sland
30
Louisville * Nashville
Louisville New Albany A Chie.
Manhattan Elevated,
Manhattan Beach Co
25
9034
consol...
9 Ha
5Ha
55 V
72
434
73
30 Ha
25
92
18
9 Ha
5Ha
58 V
7134
28 34
72V
29 34
23Ha
24
*21
90
91
90
37*'
37"
20
20 V
7034
71V
27
27
25
1Hz
103 V 104 V
5V
7
*3V ”
3V
5V
*5
16
16
*84” *88"
8V
9
7
54V
634
53 V
72
29 V
2934
36V
29V
4V
*4
*6
*5
137
5,310
500
420
8
137
120 V 120 V 121V
66 V 69
66V 68 V
102 V 103
*102 34 103 V
91V 93 V
90V 92 V
128
127
125 V 126
112
113
111V 113
120
'
69
26
32
25Hi 25 V
18 V 187s
9434 9478
89V
New York Central & Hudson..
New York Chic. & St. Louis
Do
pref.
New York Lack. * Western
New York Lake Erie * West’n
Do
pref.
New York & New England ....
New York New Haven & Hart.
New York Ontario * Western.
New York Susq. & Western ...
Do.
pref.
1734
94
1934
21
70 34
26
70 V
26 V
72
2,860
9,425
30
1,170
102 a4
6
59
3V
*5
-
103
6
104
7
104
6
20
*16
125 V 125 V
85
85
9V
9V
6V
6V
800
4
*17” *17
126
85
9
*6
51V
126
85
9
7
53V
72
72
29
29V
31
*22
90V
91V
"37” * 37"
37
37 V
35
r48Hz
9134
24
92 V
11V 11 V
22Ha 22Hz
20
20V
190 -190
3834
pref...
Ha
10 V
Ohio Central
Ohio & Mississippi
Ohio Southern
11V
25
25
1734
18 V
95
2 Hz
18
16 7e
38 V
**3*‘
6 Ha
18
17 V
39
**l6*V "iov
94 V
37
*35
87 V
88 V
2
4V
89V
*1V
4V
89V
10 V
1034
21
19
22
19
*
*7 V *
^*2 V
*6
7V
3
6V
38 V
V
12 V
1734
94 V
13<
134
5
*4 V
*16 v Tiv
21
21
18V
1834
187
189
7V
77t
39 V
3834
17
39V
V
12 V
V
\
11
1334
13Ha 14
87a
9V
9Ha
9
16Hi 16V 14 V 15 Ha
129 V 129 V 129 V129 V
13Ha
Peoria Decatur & Evansville..
Philadelphia* Reading
Pittsburg Ft. Wayne * Chic...
Do
special.
Rensselaer * Saratoga
Rich. * Alleg.. stock trust ctfs.
13 V
9
1334
9
i*2*9*V 129 V
12*4
37
10v
86V
2V
43,
88 V
11V
23
19
23
19
*87 V
2V
*6
16 V
18 V
95
"*7V ”734
17
2V
6V
18
17 V
3834 39V
V
V
11
12
11V
8
8
‘*19** *19**
Oregon Short Line
Oregon & Trans-Continental...
13 V
9V
1434
13 V
9V
14 V
13 V
13 V
8V
15
1*3 V 1*3 34
9V
9
15
15
934
15 V
*47**
11V Jan.
1,300
27,125
1,175
2,240
20
*2 V
3V
20
250
105
14,860
3,040
2,200
400
700
3V
17
16
prof
16 Ha
16
*28 Hz
*80
pref..
1st pref
..
17 V
*28V
19
29 V
32
81
82
81
81
81 Ha
84 Ha
97a
4734
10
47 V
*2
49 V
48Vl
2V
10
48 V
*2
81V
84 V
10 V
84 V
10
10
10V
48 V
49
4734
48 V
*5
3
7
6V
6V
56
56 V
17
Orogou Improvement Co
Oregon Railway * Nav. Co
Pacific Mail
Do
I
j
pref
;
Western Union Telegraph.....!
EXPRESS.
|
7534
j
*1*6” *1*6 "'4
9134
79
0*4
93 V
95 V
81V
7334
753,
53
114
7S'*4
*1
58
95 Hz
97
53
114
115
Oi V
58'
ov
95 I
79 V|
10 V
94 V
79
10 V
91V
7 8:h
79 V'
"lOV
91H
80
75 V
75 Vi
75
75
75
75 V:
51V
51
55 I 53V 54v! 51V 54V
114
I 114 V 114 V 115
116 Vi 116 V 117 V
97 Hi
110 V 110
110Ha 110Hi
58 V
57* V
*52
51
*5 ‘2
*107
110
*109
58 V‘
135
98
53
I
57 V
135
58 V
135
(13l
j
i
57:,i
*95
i-
».!
L
* ^5
«) J
*109
110 V
58 V
May
10
51
2
8
80
66 Ha
135
21
59 3 4
46 h
107 V
1,100
5,28 l
15,588
3,865
70,181
1,920
i)
30
49,501 ! 53 V
s
1
'
J
'
110
!
)!
May
!dlO
*110
118
M 18
118
11V
11H
150
|*110
150
IV
ag<? asked;
no
l>4!
8V
14V
51
8V
200
51
140
86
Mar. 24
Jan. 14
Mar. 14
Feb. 17
Feb. 24
Feb. 21
Feb.
Mar.
Feb.
Feb.
20 V
19*4
104V
25
31
78 V
51V
27
35
20
May 8
Mar.
79
5
5
2
1
2
8
2
Apr. 30
18 V
1
58
122 V
42 V Feb. 27
95 V Feb. 25
5 V Jan.
8
19 V
20
9V Feb. 17
89 V Apr. 24
14 34 Jan.
6
19
25
39 34
87 V
24
80 V
90 V
13 V
Jan.
94
28V
71V
17 V
8
Apr. 30
184
May 2
16*4
6
Feb. 28
Jan.
6
18
42
27
Feb. 20
Feb. 26
Feb. 26
57V
Mar. 16
4V
2
14
19
25V
11*4
27
29
27
24
34 V
17*4
60 V
2
135
2
20
30
1.4*6 V
5
17
61
32
9
11
16V
6
Feb. 20
Feb. 26
24
50
96
29
50
Feb. 25
Jan. 8
Jan. 10
Feb. 27
Mar.
96V
32*4
90
18!
99
22 V
84 V
Mar. 16
Feb. 26
51V Fob. 10
5 V Jan.
7
14
Jan. 12
1934
32
May 7f
61V
Apr. 28!
12734
8!
17 V
Fob.
1334
21
95 V May
H
67
80 V Apr. 15;
135 Apr. 30 122 V
20
57
4
2|
Jan.
87 V J an.
48
Jau.
10 iv Jau.
7
127V
19V May
3: 31
Jan.
77
Jan. 29
62 5 a
Mar 21
2 117 V
Jan.
I3 ,
Apr. 7
Jail. 30 30
63'. 1
Jau.
Jan.
Feb. 20
Apr. 30
Mar. 9
Mac 8.
Mar. 30
Jan. 30
Feb. 10
00*4
31
90
334
20
49
1
125
87
45
98
2 138
Apr. 30
97 k z May 4
3
2 55
Apr. 1
2 111
Apr. 16
1
67 78 Mar. 20 78
•147
Jau. 29 152
22
Feb. 27' 2234
IV
IV Mar. 10
<) 1
6 2 Fob. 25 j
6
22 v Mar. 4! 26
122
Jau. 22 140
18
15
Jau. 10
116
Jau. 19. 1L8
40
Fob. 13.; 46
Feb.
19
9j 20
10
100
Jau. 301 11 V
8
6!
7 Hz A pr.
5 >4 Apr. 181
7
17
Fob.
7! 20
100
1V
IV May 5!
'
New 1 km rial Coal
Ontario silver Mining
Stand*'--’ Wv.Mtr
82
2 12434 Apr. 30
Jan. 22
_
j
33
133V
25V
23
100 V
13
Jau.
3
Mar. 21
100
71V 711
(
9
Jan. 15
Feb. 12
97 V Feb. 10
9 V Feb. 25
Mar. 28
Jan. 27
130
138
9
Mar.
141
36V
'
Maryland •’<>il
200
10 V'
05 j
:
Warren
Canton Co
Consolidation < teal
Hoinest ike Mtiling Co
the prices bid
293
75
135
136
*133
9 > V 95 V "95
i
Virginia Midland
are
56V
1i
5SV 59'4
Atchison Tooeka a- Suita Fe..|
Chicago
Alton, pref
...j
Cincinnati Sandusky * Clove..!
Columbus Chic. * fnd. Contr’lj
Keokuk * Dos Moines.
1
Louisiana* Missouri River...
New York Elevated
♦These
56V
20
5
*22 Hz 27
97
73V
71".
55
*5
Wells, Far-., * Co
INACTIVE STOCKS.
57
5
44V
41
Mar. 21
2
Apr. 30
6 V May 7
100
55 V 55 '4
115
115 Hz
,*135
Adams
American
United States
*56
57
100
200
May
Jan. 27
13
Feb. 26
29 V Feb. 20
7934 Jan.
9 V Apr.
‘2*9” 2*9" * I !!!!”
Pullman Palace Car Co
Quicksilver Mining Co
*56
56 Hz
2
10 V
91 Hj
81
3
7
Feb. 24
3434 Fob. 26
Apr. 30
79V Apr. 15
1.350
2.957
107,025
7
*2
MISCELLANEOUS.
American Dist. Tel
American Tel. * Cable C'o
Bankers’ * MerchAnts* Tel
Colorado Coal * Iron
Consolidated Gas Co
Delaware A Hudson Canal
New York .v Texas Land Co...
86
10V
49:V
Feb. 25
6
21
Feb. 26
77 V Feb. 7
89
10 *8
49 Hz
13 V
35
38 V
100
69V
May
Jan. 26
Jan. 16
Jan. 22
Mar. 21
Jan. 7
30
56
St. Paul * Duluth
Do
pref
St. Paul Mlnneap. * Manitoba
Texas * Pacific
Union Pacific
Wabash St. Louis A Pacific
Do
pref.
12634
Mar. 6
Feb. 27
Feb. 25
105
94 V
17* V May* *8 *2*f
17 V
31
81
Mar. 14
64 V Feb. 24
Jan.
15
16 Ha
*17“ *19*
St. Louis & San Francisco
149 V
134 Jan.
V May 8
Jan.
10 V May 4 19
12
Mar.
8
8
May
21
14 V Mar. 21
Apr.
Apr.
1034 Apr. 8 15
15 V Feb.
8 V Apr. 29
19
Jan.
13*4 Mar. 30
119 V Feb. 17 129 V May
120
Mar. 9 129 V Apr.
136 V Jan. 29 143
Apr.
2 V Jan.
134 Feb. 28
44 V Jan. 19 54
Mar.
19
2 26 V Mar.
Jan.
4
Mar.
2 V Mar. 11
**2*0*6
*2 34
Fob. 26
7
44
Feb. 5 30
Jan. 17 22 V
175
Jan. 2 190
12 V
6 34 Apr. 14
3
IV Jan. 12
8
4 V Jan. 27
18
May 4 2534
19 V
15
Jan. 17
36 V Jap. 29 44
***5*6
47 V
67 V
73 V
33 V
27 V
92 V
20
12
2,845
33,754
1,376
2,210
124
Apr. 13
May
93a May
61
510
300
520
500
119
6
19V Apr. 20
3
4
Mar. 25’
84 V Jan.
2
1
Mar. 27
May
9334 Jan. 30
IV May
200
65
Mar. 14
Jan. 12
28
17
140V
127 34
94 V
Jan. 15
2
33
Jan.
7
84 V Jan. 19
199,552
15
Jan.
Jan. 15
1*3*46 11434 Jan.
300
67V
24
40
llVJan.
27 V
90
46 V
30 V
10 V
25
14 V
89 V
7V
22,676
7,005
6
Jan. 15
65
157
14*3** 143"
Richmond & Danville
Richm’d & West P’nt Terminal
Rochester * PI Msburg
Rome Watertown & Ogdensb’g
St. Louis Alton & Terre Haute
400
7
90
Feb. 10
Feb. 26
V Apr. 22
2
Jan.
Jan. 16
12
16
Feb. 25
4
62
577*
Mar. 12
Mar. 9
52
22
&*660
58V
6
Jan.
51V May
600
*17V
*17*** * 1*7 V
47
4
3
Feb. 20
Feb. 12
4VMar. 10
8
High
135
90
80
1
3
Mar. 3
Mar. 20
172,690
3,330
19,795
8,736
May
Feb.
Feb.
Jan.
234 Jan. 15
4 V Jap. 23
37 V Jan. 10
190V Jan. 20 200
330
14
Mar. 26 30
545 119 V Jan. 17 127
111
84
Jan. 16 88 V
1,070
8 V May 6 14 V
760
4 V Apr. 29 17
”200
85V
2V
434
*6
18
30V
10V
*8*6*” 8*8 V
*
17 V
39 V
Ha
11 Ha
30V
46 V
47
*122 V
*35
36
"
18
17 V
49
122*34 122*34 1.23 V 1*2*3 V i"23*‘ i.2334
18V
94 V
186 V 186 V
Norfolk * Western, pref...
Northern Paciflo
48V
48
,
3
i*ibo
*118 V
1734
94V
17V
94
877s 893s *87 V * 88 V
1Hz
1Hz
IV 134
*4
43,_
*88**
‘89
Hz
80*4 89V
9 V 10
934 10 V
21
2L
21
21
199a 19Ha 18Ha 19
897e
*118 V
4,880
1,400
51V 5334
7134 7134
30 V
165*537
250
59
3V
5 Ha
18 V
9134
18Ha
9434
11,257
252,750
1,277
196,137
1,820
4,880
20
30 V
*117 V
33
*
Do
47
100
210
*"i*50
15
15
19
.
3,005
100
21*6*2*5
35 V
29 V
72
"91** *92"
3*7 * *3*f'
50 Ha
i*.2*6*6
Low.
Highest.
Feb. 9 133 V
Mar. 25 90 34
Feb. 4 65
3534 Apr. 24 44 V
23
May 7 35
9 V Mar. 23 11
7
Feb. 18 13 V
31
Mar. 25 41V
26 V Jan. 31 36
3
634
Apr. 7
7
Apr. 7 12 V
8
4 V Apr. 22
128
Jan.
2 138 V
115 V Jan.
2 125 V
68 V May 7 76 V
102
Jan. 28 108
84 V Jan.
2 98a4
II934 Jan. 2 134
105
Jan.
2 11634
9
6 V Mar. 31
15
Jan. 17 19
18 V Apr. 21 29
69
May 7 91V
•23
Apr, 30 38
134
Jan. 31 141
14 V Jan.
9 20
82 V Jan. 22 109 V
10
4 V May 1
Jan.
55
6 65
188
72 V
29 V
118
124 V12434 123 Hz 123 Hi
Do
Do
92 V
125 V 126
112 V 113
91V
*10 Hz 11 Hz
NaBhv.Chattanooga & St.Louis
Do
434
4V
7V
5 V
138V 138 V
120 V 121V
67 34 68 34
104
104
58 Hz
3:V
5V
15
15
125 Hi 125 Hz
*84
89
9
9
5
5
63 V 55 V
28 34
*117 V
48
50V 51
Mobile* Ohio
Morris & Essex
d
35 V
27 V
10 V
*
Memphis A Charleston ....
Metropolitan Elevated
Michigan Central ^
Mil. L. Shore <ft West’rn, pref..
Minneapolis A St. Louis
Do
pref..
Missouri Kansas & Texas
Missouri Pacific
;
*15Ha
126 Ha 126 Ha
58 V 58V
Lakd Shore,
26 V
36 7a
30 V
Lowest,
120 124
38
88
57
89V
*3
*15* 17"
Houston A Texas Central
*126 Hz 127
Illinois Central
Do
leased line 4 p. ct
Indiana Bloomingt’n * West’n
978 10
434
5
89V
*37*" *’.”
37V
27V
3*e
Harlem
Lake Erie * Western
29 V
*4 lg
7V
*5
18 V 19 V
70
7134
25 H2 25 Hz
141
141
*3V
*2 Ha
3534
*
Dubuque A Sioux City
East Tennessee Va. & Ga
pref.
Evansville* Terre Haute
Green Bay Winona A St. Paul.
36V
120 V 121
67 V 63V
102 34 10234
91 Ha 92 V
125 Hz 125 Hz
112 V 112 Hi
90V
*934
30
(Shares).
May 8.
....
37V
27V
36
26 34
20
ib'bK 10614
4 Hz
35
29 V
Friday,
Wednesday, Thursday,
May 7.
May 6.
For Full
Year 1884,
Range Since Jan. 1, 1885.
Sales of
the Week
LOWEST PRICES.
Tuesday,
May 5.
Monday,
May 4.
Saturday,
May 2.
[VOL. yTig
sale was male at the Board.
*
S'
02
Jan.
Mar. 19, 142
j
Feb. 27; 23 Vi
1
Fob. 5
5
Fob. 17;
19
Mar. 17!
Vi
Apr. 29 115 j
15
Alar. 3
Apr. 25 121 i
Apr. 15' 39 V
18
Fob. 27;
8
May 5
7
Mur. 25j
5
Fob. 25;
14
Apr. 25
1H
Mar. 20.
137
102
61V
115
May 9,
565
THE CHRONICLE.
1885.J
MAIT 8, 1885.
QUOTATIONS OF STATE AND
RAILROAD BONDS,
STATE BONOS.
SECURITIES.
Alabama—Cla-ss A, 1906.
Class B, 6a, 1906
Class C, 4s, 1906
6s, 10-208,1900
,
Bid.
Ask.]
I
88
103
85
Ex-matured coupon—
Missouri—6s, 1886
6s, due 1889 or 1890—
87
106
Arkansas—6s, funded
7s, L. Rock & Ft. S. iss.
7s. Mernp. A L.Rock RR
7s, L. R.P.B. A N.O. RR
7s, Miss. O. A R. R. RR.
7s, Arkansas Cent. RR.
Georgia—68,1886
7s. 1886
7b, gold, 1890
Asyl’m or U niv., due ’92
Funding, 1894-95
Hannibal A St. Jo., ’86.
8
3
10
10
10
10
2
101
Louisiana—7s, eons.,1914
New York—6s, reg.,
6
1
1887
6s, loan, 1891
6s, loan, 1892
6s, loan, 1898
104V 105V' N. Carolina—6s, old, J. A J.
1
110
Funding act. 1900
N. Carolina—ContinuedNew bonds, J.AJ., ’92-8
74
63
103
112
115
118
106
Do
Wil.C.ARu.R.
Consol. 4s, 1910
6s, 1919
Ohio—6s, 1886
103.
105J4
South Carolina—
6s, Act Mar. 23,
113
115
117
30
11
Del. L. A
(Stock Exchange Prices.)
70 V
117V
107 V
71
iofv
96 V
Consol., 1st, 5s, 1934 ... ***"
135
Minn. A8t.L.—1st,7s,gu.
Ia. City A West.—1st, 7s
C. Rap. I. F. A N.—1st, 6s * i*0*7*’ ii'd*
96
1st, 6s, 1921
Buff.N. Y. A P.—Cons., 6s
General, 6s, 1924
2d, (360), 78,1898 ....
2d, guar. (188), 7s, ’98
Miss.R.Br’ge—lst,s.f.6s
Chic. Burl. A Quincy—
Consol. 7s, 1903
5s, sinking fund, 1901..
5s, debentures, 1913
la. Div.—S. fd., 5s, 1919
Sinking fund, 4s, 1919
Denver Div.—4s, 1922..
Plain 4s, 1921..
C.R.I. AP.-6s, cp., 1917.
■6s, reg., 1917
Ext. & Col., 5s, 1934....
Keok. A Des M.—1st, 5s
Central of N.J.—1st, ’901.
lst,cons.assent. 7s,1899t
i, Conv., assented, 7s, 1902
Adjustment, 7s, 1903...
Conv. dehent. 6s, 1908..
Leh.AW.B.—Con.g’d.as.
Am.D’kAImp.—5s, 1921
.
.
Del.A Hud.
Canal—1st, 7s 115
1st, ext., 7s, 1891
Coupon, 7s, 1894
Registered, 7s, 1894
1st, Pa. Div., cp.,7s,1917
1st, Pa. Div., reg., 1917.
Alb.
ASusq.—1st, 7s—
2d, 7s, 1885
1st, cons.,guar.7s,1906.
1st,
1st, consol., 7s, 1910—
Den.S0.Pk.1t Pac.—1st,7s.
111
Den.itRioG.West.—1st,6s
Det.Mack.AMarq.—1st,6s
Land
17
72
70
119
132
132
Ill
101V1.
140
94 V
51V
68
50
grant, 3 Vs. S. A...
E.T.Va.&G.—Ist,7s.l900t *115
1st, cons., 6s, 1930
46
Divisional 5s, 1930t
N.—S.f.deb.,c.,6s
1st, 6s, 1920
*90
Eliz.C.it
Eliz.Lex.<t Big
Sandy—6s
Erie—1st, extended, 7s...
85
120V
2d, extended, 5s, 1919 .. *110
3d, extended, 4 Vs, 1923. 102%
117%
4th, extended, 5s, 1920. 106 V
109
5th, 7s, 1888
125
1st, cons., gold, 7s, 1920. 113
1st, cons., fd. coup., 7s
Reorg., 1st lien, 6s, 1903 - ...
Long Dock b’nds, 7s, ’93 *116
133
133V
BuftN.Y.&E.- 1st, 1916 128V
105
N.Y.L.E.AW.-New2<16s
52
Collat’l trust, 6s, 1922
99V 99 V
......
Buff.itS.W.—M.,6s,1908
*106
94
Ev. A T. H.—1st, cons., 6s 104 V
94 V
Mt.Vern’n—1st, 6s, 1923
94
87 |
Fl’tAP.Marq.—M.6s, 1920 ....
129 V 130
Gal.Har.<t S. Ant—1st, 6s —
129V 130
-■
100
2d, 78,1905
109
West. Div.—1st, 5s
89%
107V
2d, 6s, 1931.
95%'
111V H2V Gr’nBayW.itSt. P.—1st,6s1
99 ,100
Gulf Col. A S.Fe—7s, 1909
100
!105
2d, 6s, 1923
Han.it St. J.—Con.6s,1911
Houston A Texas Cent.—
106 V
100
.....
115%
96
53
75
39
55
.
..
'
113
,114
Trust bonds, 6s, 1922...!
10-4 0, 6s, 1024
L. Erie it W.-lst, 6s, 1919
96 100
Consol., 1st, 6s, 1934—
Chic.St. L.<tP.—1st,con.5s
77V; 80
Sandusky Div.—6s, 1919
Chic.it W.Ind.—1st, s.f.,6s
!
Laf.Bl.it M.—1st 6s, 1919
Gon’l mort., 6s, 1932 .. J 103 V 106
Louisv.
N. A lb. AC.—IstGs
Col.& Green.—1st,6s, 1916
j General mort., 6s, 1914.
2d, 6s, 1926...
*
! 73V Lou.
N.
O. & Tex.—1st. 5s
Col. H. val. it Tol.—1st, 58
74 I 76
Mauhat.B’ch Co.—7a,1909
Del. L.it W.—7s, conv.,’92
N.Y.itM.B’h—lst,7s,’97
Mortgage, 7s, 1907
1 134
*
No prices
Friday these are latest
83
05
*65
07 u
95
......
90 V
*76
quotations made this week.
45
!
46
V
113
3-65s, 1924
Registered
il'6“
Funding 5s, 1899
Bid.
SECURITIES.
109%'
109
Penn. RR.—ContinuedPa. Co.’s 4 Vs,Iteg., 1921
Pitts.C.itSt. L.—lsLc.,7s;*113
96 V
96
2d, 6s, 1899
Mex. Cent.—1st, 7s, 1911.
1st M., 7s, ox-cp.33,7,it 8 i ;5*6V
!
Mich.Cent.—Cons. 7 s, 1902 123
*105
Consol., 5s, 1902
6s, 1909
100
Coupon, 5s, 1931
■57‘v!
Registered, 5s, 1931
Jack.Lan.it Sag.—6s,’91
—
1910
85
1884-1913
Mil.L.S.it W.-lst,6s,1921
101
1st, 6s,
Mich. Div.—1st, 6s, 1924
Minn.it St. L.—1st,7s,1927,*121
Iowa Ext.—1st, 7s, 1909:
Bid.
SECURITIES.
Ask.
1st, reg.. 7s,
2d, 7s, 1913
100
74
General, 5s, 1920
Cons., 7s, 1904-5-6
Cons., 2d, income. 1911.
107
100
i
1900
1
C.—lst,7sj 139 V
136V*
2d, 7s, 1012
129
130
3d, 7s. 1912
Clev.&Pitts.—Cons.s.fd. 122 V
4tb, s. fd., 6s, 1892.... 110
St.L.V.AT.H.—1st,g.,7s 118
::::::
2d, 7s. 1898
110
115
2d, guar., 7s, 1893
|100% Pitts. Cleve. A Tol.—lst,6s 106 V 108
Pitts. June.—1st, 6s, 1922!
......
Pitts. Ft.W.A
Rome W. A Og.-lst,7s.’91
117
Con., 1st, ext., 5s, 1922.
2d, 7s, 1891
I*
103
Roch.APitt.—1st, 6s, 1921
113V 113%
S’thw.Ext.—1st, 7s,1910, 1101
110
Pac. Ext.—1st, 6s, 1921.
Mo.K.it T.—Gen’1,68,1920
Ask.
Consol., 1st, 6s,
59%
—
Atl.ACh.—1st, nr.,7s,’9/
Incomes, 1900
Scioto Val.—1st, cons., 7s.
60
H. it Cent. Mo.—1st, ’90,*103
Mobile & Ohio—New 6s..| 106V
Collated trust, 6s, 1892:
j
1922
Rich. AAlleg.—1st,7s,1920
Rich. A Dauv.—Cons^.g.,68
Debenture 6s, 1927
108V
St. L. A Iron
95
Mt.—1st, 7s
110
71
110
92
62V
100
62
*110
*83 V
71V
95
53 V
101V
63
35
45
113
114
106 V
110
..
...
L.-2-6s,193l!
...!
47
—
.
Louisv. C.A
1892-8-1900
Metrop’lit’n El.—1st,1908
—
—
No.R’way (Cal.)—1st. 0s|
So. Pac. of Cal.—1st, Us. I
So. Pac. of Ariz.—1st, Us
So. Pac. of N. Mex.—1st, Us
83 V
67
70*'
70
97
iosv
90 V
!
INCOME BONDS.
(Interest payable if an rued.)
1 Atl.A Pac.—Inc., 1910—
! Central of N.J.—1908 —
ill)
93%
Pacific—1st, Us .j 1 1 i %
1 E.T.V.AGa.-ine.,0 s,1931
grants, 7s, ’87-80 105%
120
| G r.BavW.A St. P.—2d,iuc.
Sinking fund, 8s, ’93..< 118 V
119 % j I nd. Bt. AW.—Con., inc.,6
Keg.. Ss, 1803
< 101
1 (Iml’s Dec.. A Spr’p— 2d,inc
Collateral Trust, 6s
j
jLeh. A Willies!).Coal.—’8S
Do
5s. 1007;
Kans.Pac.—1 st, Us, ’95. iii* i Tl'v Lake E.A W.—1 no., 7s.’99
Sand’ky Div.—Inc.,1920
1st, Us, 1896.
j
112V
Union
Land
16V
......
10%
......
..
•
Denv.
Ovcg. Short-L.—1 st. Us
Ut. So.—Gen.,7s, 1900
Ex ten., 1st, 7s, 1900
Mo. Pac. —1st, cons., Us.
3d, 7s, 1906
Pac.of Mo.—1st, 6s...
2d, 7s, 1891
1
F.—2d,6s, Cl. A
6s, Class C, 1906
6s, Class B, 1906
1st, Us, l’iorce C. it O..
St.T1.1t s
Kpuipment, 7s, 1805..
Gen’l mort., 6s, 1931
So. Pac.of Mo.—1st. Os
Tex.it Pac.—1st, Us,1005
Consol., Os, 1905 t
—
Income, it Id. gr.,rcg
Itio G., 6s, Aug. cp. on
Do
ex Aug. cp.
Gen. mort. *t 'Per. 6s..
Pennsylvania RR.—
Pa.Co.’sguar.4%s,lst,cp
t Coupons off
Laf.Bl.it'Mun.-Inc.,7s,’9!
1<)9 V
DLv.6s,ass..’99'
1st, consol., 6s; 1010.'
C. Br.U.P.—F.c..7s. 05;
At.(’.it P.—1st,6s, 10051
At,.LC0.1t W.—1st, 6s
...
H7V
District of Columbia—
108^
2d, 7s, 1897
1st, Extension, 6s, 1927
Arkansas Br’ch—1st, 7a
Morgan’s La.it T.—1st, 6s1
107
1109%
Cairo A Fulton—1st, 7s
46V
1st, 7s, 1918
*
HO
105V 108V
Cairo Ark A T.—1st, 7s
Nash.Chat. A St.L.—lst,7s 120 jl21
71V
Gen. r’y A I. gr., 5s, 1931
2d, 6s, 1901
114
N. Y Central—6s, 1887... 106V 106V St.L.AltonA T. H.—lst,7s
106
107
103
V 104 V
2d, pref., 78,1894
88
Deb. certs., ext’d 5s
95V
2d, income, 7s, 1894 —
N.Y.C.& H.—1st, cp., 7s 136 l
Bellev.A So. Ill.—1st, 8s
134%
135
1st, reg., 1903
il2*
103 |104
St.P.Minn.A Man.—1st,7s
Deb., 5s, 1904
112
2d, 6s, 1909
Hud.Riv.—17s,2d,s. f.,’85 103V1
111
134 I
Dakota Ext.—6a, 1910..
110
Harlem—1st, 7s, coup
133 V
1st, consol., 6s, 1933 — 106% 106V
114
1st, 7s, reg., 1900
1st, consol., 6s,reg.,1933
110
N.Y.Elev’d—1st. 7s, 1906 119V 120
Min’s Un.—1st, 6s, 1922 107
N.Y.P. AO.—Pr. l’n, 6s,’95
40
St.P.A Dul.-lst, 5s, 1931 *103
38
N.Y.C.AN.—Gen.,6s,1910
39 V So. Car. R’y.—1st. 6s, 1920* 102 V
Trust Co. receipts
.38
2d, 6s, 1931
N.Y. A N. Engl’d—1st, 7si*115
Shenand’hV.-l8t,7s,1909
1st, 6s, 1905
*106
7oV 76% General, 6s, 1921 —
N.Y.C.A8t.L.-lst,6s,1921
55
Tex.Cen.—1st, s.f.,7s,1909
2d, 6s, 1923
. ...
55
59**
1st, 7s, 1911
96 V N.Y.W.Sh. A Buff.—Cp.,5s
30
*10
Tol.Del. A Burl.—Main, 6s
114V
Registered, 5s, 1931...
'10
1st, Dayt. Div., 6s, 1910
98
N.Y. Susq.it W.—1st, 6s.t
53
1st, Ter. trust, 6s, 1910. *10
Debenture, 6s, 18971...
A N. O.—1st, 7s, 1905
Tex.
Midland of N. J—1st, 6s
83
80
Sabine Div.-lst,6s,1912
N.Y.N.H.AH.-lst.,rg.,4s ----55V 57
72 V N.Pac.—G.l. gr.,lst, cp.,6s! 103% 103% Va. Mid.—M. inc., 6s,1927
30
*27
Wab.St.L. APac.—Gen., 6s
104
Registered, 6s, 1921— 102V
78 V
N.O. Pac.—1st,6s,g.,19201
54 V Chic. Div.—5s, 1910
Hav. Div.—68,1910
| 87
116V' Norf.AW.—Gen., 6s, 193D
78**
*70
Tol. P. AW.—1st,78,1917
New River—1st,6s,1932:
*51
70
Iowa Div.—6s, 1921
I
Ohio* Miss.—Consol, s. fd 117
Ind’polis Div.—6s, 1921.
Consolidated, 7s, 1898.. 116 V
Detroit Div.—6s, 1921..
2d consolidated, 7s, 1911 110
Cairo Div.—5s, 1931
64
1st, Springfield Div., 7s
70
1
Wabash—Mort. 7s, 1909,
Ohio Central—lst.6s.1920! *
Tol. A W.—1st, ext.,7s. 105
1st, Term’l Tr., us, 1920,;
| 60
100
1st, St. L. Div., 7s, ’89.1 *99
1st, Min’l Div., 6s, 1921
90
2d, ext., 7s, 1893
* 90
Ohio So.—1st, 6s, 1921
1
Equipm’t bds, 7s, ’83.
Oreg’nA Cal.—1st,6s, 1921'
Consol, conv., 7s. 1907 **7*6" 73
68% 69%
Or. ATransc’l—6s,’82-1922;
82 V 83
Gt.West’n—1st, 7s, ’88 103% 105
Oregon Imp. Co.—1st, 6s. j
90
2d, 7s, 1893
Oreg’n RR.itNav.—lst,6s; 111V 111%
Q. A Tol.—1st, 7s, 1890
Debentures, 7s, 1887 ...I
101
Han. A Naples—1st, 7s
111% Panama—S.f., sub. 6s, 1910
90
85
111.A So.Ia.—1st,ex.,6s
Peoria Dec. it Ev.—1st, 6s
100
89 St. L.K.C.AN.—R.e.,7s
Evans. Div.—1st, 6s, 1920
117V
78 ! 82
Omaha Div.—1st, 7s.
PeoriaA Pek. U’11—1st,6s. 1*01
I 65
Clar’da Br.—6s, 1919
"73*'; j Pacific Railroads—
I
St.Chas. Bgo.—1 si.Us
51
I
Coutral Pac.—Gold Os.. 112 V 112 V
103
No. Missouri—1st, 7s.. iosv iii*
105%
San Joaquin Dr.—Us
99% West. U11.Tel.—1900, coup 112 ,113
Cal. A Oregon—1st, 6s *98
112
;
1900, reg
Cal. it Or.—Ser. B., Os. *98
99%' N.W. Telegraph—7 s, 1901
Land grant bonds, 6s.
69 V
107% Mut.Un.Tel.-S.fd,0s,1913
65
West. Pac.—Bonds, 6s..
1st, M. L.,7s, 18911 ....
85
1st, Western Div., 7s t.. *74
1st, Waco it No., 7st—
74
2d, consol., main line, 8s *o7
1st, 8s, P. D
2d, Waco & No.,8s,1915 .....
2d, 7 3-l()s, P. D., 1898 .
General, 6s, 1921
30
1st, 7s, $ g., R. D., 1902. *130
118
IIoust.E.it
W.Tex.-lst,7s
1st, LaC. Div., 7s, 1893.
120%
121V
2d,
6s, 1913
1st, I. AM., 7s, 1897..
Ill.Cen.—Spd.Div.—Cp. 6s
1st, I. A D., 7s, 1899.... 118 |
Div.—Reg., os
Middle
*104%
1st, C. A M., 7s, 1903..
123% 125
C.St.L.&N.O.—Ten.1..7s ......
Consol. 7s, 1905
124
1st, consol., 7s, 1897.. 121V
1st, 7s, UD. Ext., 1908 121
2d, 6s, 1907
1st, S. NV. Div., 6s, 1909. 112 :113
98
V
HO.
Gold, 5s, 1951
1st, 5s, LaC. & Da v., 1919
112V
Dub.it S.G.—2d Div., 7s. *l 15 ’
Ist.S.Minn.Div.,(>8,1910 112
122
Ced.F.A Minn.—1st, 7sJ 115 V
1st, II. A D., 7s, 1910..
115
Iiid.Bl.AW.—1st, prof., 7s1 H3
Chic.A Pac. DIv.Os, 1910
96
95%
1st, 5-Os, 1909
1st,Chic.& P.W.,5s.l921
2d, 5-6s, 1909
Min’l Pt. Div., 5s, 1910.
93
Eastern Div., Os, 1921..
75
C.A L. Sup. Div. 5s,1921
04% 94% Indianap.D.itSpr.—1st,7s
85 V
Wis.A Min. Div.os, 1921
91
91V
1st, 7s, ex fund, coups.' *78
Terminal 5s, 1914
Int.it Gt.No.—1st,6s, gold; 105
Chic, it Northwest.—
Coupon, Os* 1909
! 64%
Sinking Fund, 7s, 1885. 102% 103 V
136
I Kent’ky Cent—M.6s.1911!
Consol, bonds, 7s, 1915.
I
Stamped, 4 p. o., 1911 .1 -----Extension bonds, 7s,’85 102% 103 V'
1st, 7s, 1885.
! 102% 103 V Lake Shore it Mich. So.—!
j
Cleve. it Tol.—Sink’gfd, 103
Coupon, gold, 7s, 1902. . I 130
New bonds, 7s, 1886..j 102%
Resist’d, gold, 7s, 1902. i 129
j Clove. P. A Ash.—7s
j 112
Sinking fund, 6s, 1929.. *13 2 V,
| B11tf.it Erie —Ncwbds,7s 120
Sink, fund, Os,1929,reg.,*112V Sinking fund, 5s, 1929 | 104 V 101% I Kal. it W. Pigeon—1st. .1
!
Dot. M.it T.—1st,7s,1006
Sink, fund, 5-s, 1929, reg
96 V 07 J*> |
Lake Shore—Div.bonds. 120
Sink’gfd. deb., 5s, 1933.
■
130
95% 95%
Consol., coup., 1st, 7s. 3.29
25 years deb. 5s, 1939 ..
127
Consol., reg., 1st, 7s ..I 126
10 sea nab a it L. S.—1st,6s
1J 6 V
Consol., coup.. 2d, 7s..I
Des M.it M in’ap.—1st,7s
Consol., reg., 2d. 7s
‘1 15 V
Iowa Midland—1st, 8s.. 1*25*' 130
Long Isl. IUC—1st, 7s,’98 119 |---Peninsula—1st, conv.,7s;
lst, consol, 5s, 193 L
j 106 V 107
Chic.it Milw’kee—1st,7s 125
Louisville A Nashviile— |
Win.it St. P.—1st, 7s,’87 D)6V
Consol., 7s
'117 118
2d, 7s, 1907
1 123 126
00
Cecilian Br’eh—7s, 11)071
Mil.it M ad .-1 st, Os. 1905. *114
N.O. A Mob. -181,6s,1930!
85 V 87
Ott.C. F.itSt. P.—1st,5s'
H01%
.2d, 6s, 1930
68 V
C.o.c.it lad’s—1st, 7, k. fd *
123
E.II.itN.—1st. 6s. 1919. 106
Consol. 7s, 1914
,.*118 124
General, 6s. 1930
91
Consol, sink, fd, 7s,1914
-Pensacola Div.—6s, 1920
General consol.. 6s,1934
St. L. Div.—1st, 6s, 1921
95
Chic, St. P. Min. it Om.—
)
2d, 3s, 1980
43
Consol. 6s, 1930
111% 112
Nashv.it
Doc.—1st,
7s
C.St.P.it M.—lst6s,1918 118
90
S.itN.Ala.—S.f.,0s,
1910
No. Wis.—1st, 6s, 1930.
r
95
Chic. Mil. A St. P.—
St.P.A S.C.—1st,6s,1919
Chic.it 10.111.—lst,s.f.,cur.
l
1869)
M1lw.1t No.—1st, Os,
117
127 V 128
6s, 1906
112
cons., gu.,
Rens. & Sar.—1st, cp.,7s
1st. reg., 7s, 1921
99V Denv.it Rio Gr.—1st, 1900
62
1130
6s, consol, bonds
6s, ex-matured ooupon.
6s, consol., 2d series
6s, deferred..
106
46 V
54V
BONDS.
I Ask.
2d, 7s, 1891
114V H4V
Bonds, 7s, 1900
|123
*
7s of 1871, 1901
122
1st, consol., guar., 7s.. 125% 126
N.Y. Lack.A W.-lst. 6s 121
322
Construction, 5s, 1923
97 V 98
68
*65
2d, 6s, 1913
Reg., 5s, 1913
95
Central Iowa—1st, 7s,’991
55
East. Div.—1st, 6s, 1912
Ill. Div.—1st, 6s, 1912..
Chesapeake A Ohio—
Pur. money fund. 1898..
68, gold, series A, 1908 .
68
68, gold, series B, 19031
16
6s, currency, 1918
Mortgage 6s, 1911
Ches.O.AS.W.—M. 5-6s..
Chicago & Alton—
1st mort.. 7s, 1893
Sinking fund, 6s, 1903. *117
La. A Mo. Riv.—1st, 7s. *121
2d. 7s, 1900
Bt. L. Jack. A Chic. -1st
1st, guar. (564), 7s, ’94
W.—Contin’d—
Syr.Biug.itN.Y.—lst,7s 128
Morns <t Essex—1st, 7s. 136
Bailroad Bonds.
Atch.T. ASTV—4Vb 1920
Siukiiig Fund) Gft) 1911.
Atl. A Pac—1st, 6s, 1910.
Balt.AO.—1st, 6s.Prk.Br.
Bur.C. Rap. A No.—1st, 5s
Bid.
SECURITIES.
Ask.
Bid.
86 Vi
10S%110
non-fundable, 1888. J
6s, 1893 107
45
Tennessee—6s, old, 1892-8!
6s. new.
45
52 V
39
39
80
48
50
4V
C’mp’mise,3-4-5-6s,1912
Virginia—6s, old
87 V
6s, new, 1868
Brown consol’n
RAILROAD
SECURITIES.
Tennessee—ContinuedOs, new series, 1914
18
5
Speoial tax, all classes..
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
9U
102 V
92
01
90 V
9U
......
90%
97
j-Mil. L. Sh.A- W.v-Incomes
93
JN.Y. I,;ikeE.A W.—Inc.,Os
“| jObio Cent.—Income, 192b
99V
9b
9*
100
97
98
Min’l I)iv.—Inc.,7s, 1921
MOhioSo.—2d inc., Os, 1921
i Peoria I). A Ev.—Inc.,192b
!j Evansv. Div.—The., 192b
j Rocli.it I’ittsb.—I ac.,1921
I Romo W. A Og.—Inc., 7s
So. Car. Rv.—Inc.,Os, 1931
St.L.A .A T. II.
Div.bd1
1st,
'OO
52 V
48
*40
45
32
31V
20
30
25
110
109V
103 V
guar.,L. S.A M.S.,7*
Consol. Coal.—Conv.6s,’97
Cum. A
34
49*
100
103
Penn.—1st, 6s,’91
2d, 6s, 183.3
Col.C.Alr.Co.—lst,con.,6Des M. A Ft. D.—1st, 6s.
Ft. W. A Denv. C.—1st, Us
Jefferson RR.-lst,7s, ’«u
Mcra.ACh.-lst con.T.1n7s
*7*9*’
2*2*’
Cin.ASp.-l’st,C.C.C.AI,7s
10J
107 V
14*“
16
4V
FREE LIST.
107
15 V
20
18
52
35
().—lst,prf.,debon.
2d, pref., debentures....
3d, pref., debentures
4th, pref., debentures...
Mob.A
110 V
105
198
97
11
*55
12
fl
12
53
(54*
61
*64 V
9()
95
1L4
117
506
THE CHRONICLE.
RAILROAD EARNINOS
The latest railroad earnings and the totals
from Jan. 1 to
latest date are given below. The statement includes the gross
earnings of all railroads from which returns can be obtained.
The columns under the heading “ January 1 to latest date”
furnish the gross earnings from January 1 to, and including,
the period mentioned in the second column.
KL.CkF&tS
Latest
Jan. 1 to Latest Dale.
Earnings Reported.
Roads.
Week or Mo
1885.
Ala. Gt. South’n March
Ateh. T. & S. F. March
Best. H. T. & W. April
07,303
1884.
1885.
9
300,544
3,526,581
135,911
870,773
1,990 237
96,157
1,346 13ft 1,404.056
37,354
35,318
54,398
Bur.Ced.R.&No. 3d wk Apr.
48,438
Canadian Pacific 4th wkApr
187,000
98,000
391.097
29,417
Central Iowa.... 4th wkApr
21,068!
1.735,00f 2,030,079 6,210,375
Central Pacific,. April..
268,775
313,542
779,779
Chesap. A Ohio, March.
tails.Lex.A B.S March.
157,630
53,307
57,519
Ches. O. A 8. W. March.
356,232
128,528
110,110
Chicago A Alton 4th wkApr 130,539 140,397 2,454,848
-Ohio. Bun. A Q. March..
2,639,110 2,106,028 6,233,509
Chic. A East IU 4th wkApr
500,215
26.103
*, 0,874,00*
Chic. Mil. A St.P. 4th wkApr
585,(KK
Ohio. A Northw. 4th wkApr 555,100
6,760,783
Ch.8tP.Min.AO. 1th wkApr
1,554,025
154,600
cable. A W. Mich 3d wk Apr.
332,874
26,814
30,561
4th
Cln.Ind.fit.L. AC
798.056
62,411
wkApr
60,707
«n. N.O.AT.P. March.
222,292
020,037
Oin.Waah.ABalt. 3d wk Apr.
28,584
573,058
Ctov. Akron & Co) 4th wkApr
12,57t
143,463
256,093
256,003
Oev,Cel.C.& Ind January
Connotton Val.. March
66,672
24,400
44,093
10,443
Danbury A Nor. March
438.160
Deny. A Rio.Gr. April.
1,736,994
69,100
62,131
195,126
5ntp.O.W March.
Deft Mo. A Ft. D. 3d wk Apr.
7,299
7,171
106,403
38,417
353,285
Det.Lana'g&No 4th wkApi
47,614
Dub. <$iSioux City tth wkApi
14,40<
253,901
E.Tenn.Va.AGa. March
324.400
*923,620
1th
Evansv. A T. H
wkApr
13,661
15,281
222,402
54.250
Flint A P. Mara 1th wkApi
6S,08t600,512
16.760
Flor. R’way A N. id wkApr.
17.486
315,674
Florida fiouth’n. March
25,191
78,927
17,061
FtWorth A l)©n March
32.539
31,533
79,776
Gal.Har.A 8. An. January...
211,097
211,09".
254,134
Grand Trunk.... Wk Apr.2.*
276,834
4,655,573
6,69;
52,251
Gr.BayW.&St.P 2d wk Mcli
Gull Col. A 8. Fe March..
271.639
95,445
172.400
3,540.708
HLOent.(Ill.A8o) 4th wkApi
Do
470,36(
(Iowa) 1th wkApi
27,40(
Ind.Bloom.AW.1 4th wkApi
762,830
39.573
A Gulf 3d wk Apr.
797,814
41,290
3d
wk
C.
Kan.
551,698
Apr.
30,097
Sp. A M.
71,571
186,149
Kentucky Cent’1 March
Lake Erie AW.. 3dwk Mcli
23.163
Ft.Smith March
46,508
144,459
HRk.M.Riv.A T. March
26,664
91,310
41.539
666,909
Long Island.... 4th wkApr
L’a A Mo. River January
45,165
45.163
51,211
L'a Western
39.828
January...
39,828
L^uiav.A Nashv 4th wkApr
342,195
4,693,178
4,780
Hat. Hough. AO 3d wk Apr.
76,275
109.252
Mem. A Charles March
351,765
Mexican Central tth wkApr
87.20C
1,267,879
139.12)
Mex. N-. all lines March
406,100
Milwaukee A No 4th wkApr
14,31(
180,535
lfilL.Sh.A\Ves 4th wkApr
353,26?
31,18>
.
..
.
..
Minn. ASt.Louit- March
Mobile A Ohio.. April. .. .
Fash. Ch. A 8tL March
H.O. A Northeast Maroh
N.Y.L.Erle AWa March
N. Y. Pa. A O March
N.Y. ANewEng. Maroh
N. Y. Ont. A W. March
H.Y.8uaq.AWeat Maroh
Norfolk A West April
Shenandoah V. 2 wksMoh.
JBJrthem Cent ’l Maroh
Northern Pacific
Ohio Central....
Ohio A Miss
Ohio Southern..
April
4th wkApr
Maroh
190.432
447,946
126,53:
683.668
546,042
186,737
66.103
183,802
3.459,463
1,170,772
1,269,249
440,107
263,934
143,765
720.450
91,098
230,26844,42')
110,673
1,276,625
2,688,263
309,982
970,953
143,054
445,174
198,468
26,252
483.360
873.10*
23,030
369,455
38.809
April
212,050
Oregon Imp. Co February
Pennsylvania... March
3,63*^,374 4,002,62:
4th
Peoria Dee. AEv.
21,334
wkApr
.
Maroh
FhUa. & Erie
Phiia. & Reading March
Do
C. & Iron March
Richm’d &Danv. Maroh
Ch.Col. & Aug 'March
Golumbia&Gr. Maroh
$
273,746
3,743,424
127,103
781.075
1,122,826
:
1,054.469
360,562
75.578
69.062
investment
AND
atlrxrad
301,229
2,545,126
5,725,261
452,487
6.521,523
intelligence.
The Investors’ Supplement contains a complete exhibit of the
funded Debt ofStates and Cities and of the Stocks and Bonds
of Railroads and other Companies. It is published on the
last Saturday of every other month—viz., February, April,
June, August, October and December, and is furnished with¬
out extra
charge to all regular subscribers of the Chronics^
Extra copies are sold to subscribers of the Chronicle at 50
cents each. and to others than subscribers at $1 per copy.
447,204
0,355.119
860,235
150,« 56
ANNUAL
Lake Shore & Michigan Southern.
(For the
year
ending Dec. 31, 1884.)
The construction account and the stock
698,079
257,476
OPERATIONS AND FISCAL RESULTS.
1,713,686
448,837
691,976
573,493
534,080
141.C61
277,759
64.800
39,296
1,602,963
163,315
99,180
436,407
282.391
969,489
221,990
813,107
313,366
45.609
86,353
254,134
5,180,664
67,716
385,049
3,267.710
536,017
730,519
169,907
127,740
84,338
625,265
51,211
50,666
4,367,777
1881.
operated
Operations—
Pass’gers carried....
Av. rate p. ton p. m.
413.6*3
379,426
693.576
604,306
106.814
3,683,632
1,287,518
755,120
994,950
149,492
488.518
690,677
5,560,513
747,667
6,396,286
2,868,860
2,850,204
996,105
237,105
956.773
211,716
216.539
1,340
1,340
3 632.006
4,118,832
3,909,356
3,629,196
0*628 cts.
0*728 cts.
0*652 Cts.
$
4,897,185
12,022,577
1,305,877
9
Freight.,
Mail, exp., rents, &c.
$
4,134,789
12,659,987
1,176,015
12,480,094
1,297,474
4,131,729
9,358,817
Total gross
17,971,391
18,225,639
18,513,656
14,843,584
2,182,510
1,596,537
6,275,361
472,566
751,454
2,323,789
1,552,*05
5.968,350
2,095,492
990,907
€*,592,742
1,532,252
503,852
530.236
709.011
792,476
11,278,428
11,057,807
7,167,832
11,001,853
7,511,803
9,133,521
5.710,063
60*67
59*43
61*53
earnings
Operating Expenses—
Mam fee of way, &c.
Maint. of equipment.
Transports exp’nses
Taxes
Miscellaneous t
Total...
Net
earnings
P.c.of op.ex.toear’gs
3,554.658
331 057
*
Thee
6,692,963
62*76
Receipts—
Net earnings
Interest, divid’s, &c.
Total income...
Disbursements—
1884.
$
7.511,803
158,540
$
5,710,063
6,931,638
7,266,224
7,670,343
5,710,063
273,925
2,612,230
357,087
2,714,955
3,220.870
336.068
95,349
341,337
302,772
482,911
456,444
Rate of dividend....
New cars & engines*.
674,949
383,371
476,641
Miscellaneous
199,597
252,203
169,098
1,361,43)
.277,391
2,141,550
355,518
184,92
522,12
278,Of.3
South Carolina..
March
So, Pac.,No.Div February
Southern Div.J February..
.
49,379
18,148
707.^00
114,412
82,300
247, <59
137,516
Arizona
February..
New Mexico.. February..
56.711
Texas & N. O
65,075
January...
Tex. & St. Louis. 3d wk Apr
17,862
Tol. A A. &N. M. April
20,563
Union Pacific... March
1,975,517
Utah Central... February..
55,306
Yioksb’ & Mer.! March
36,498
Vioksb.Sh. &Pao. Maroh
32,23:
Wab. St. L & P. April
1,114 48?
March
West Jersey
82.403
28.6->7
Wisconsin Oont’l :<d wk Aor.
275,879
109,537
65,075
291,146
...
)
85,7r3
5,214,41
1
)
L
L
156.142
1,428.468
282,217
2,361,534
373,594
152,392
518,018
318,170
Total disbursem’ts
Balance
94,986
232,451
64,*61
5,037.945
140,375
150,716
126.528
83,133
38.947
4,837,519
209,467
5,072,504
218.980
440,951
446,450
53,350
53,350
3,957,320
3,957,320
3,957,320
2,473,325
8
8
8
5
Dividends, guar.
Dividends, ordinary.
’
471,876
3,132,120
53,350
7,771,371
7,082,712
Def. 839,733 sur.183,512
53,350
7,614,666
6,193,995
55,677 def.t483,932
sur
*
In 1882 this item amounted to $1,019,006, but was charged to gener¬
al account.
tThe balance to credit of income account Deo. 31,
1884, was $4,547,257, a decrease during the year of $104,421.
109,596
114.971
4W’9~
Rentals paid
Interest on debt
1882.
1883.
170,246
110.718
personal injuries,
$
7,167,832
98,392
325.044
106,513
27,371
15.690
5,380,166
521,543
583,231
$
6,692,963
238,675
57,024
16,541
1,111,329
INCOME ACCOUNT.
1881.
121,135
38,586
28.574
151,476
....
1,351,038
ciphers omitted.
March
West. No. Car. March
4,736,088
t Includes damage and loss ot freight and baggage,
law expenses, rents payable and hire of cars.
Va. Midland.. March
Booh. <& Pittsb’g tth wkApr
Rome Wat.& Og. April
fit. Jo. & Wesfn. od wk Apr.
Bt.L.Alton &T.H. 4th wkApr
Do (Branches) ttU wkApr
fit L. F. S. & W April
Bt.L.&8an Iran, 4th wkApr
fit. Paul & Dul’th 4th wkApr
BhP.Min & Man. April
1882.
0 617 cts.
Earnings—i
Passenger
199*899
844,676
142,563
1,271,023
1884.
1,340
Pass’ger mileage.... 207,953,215 227,093,958 215.715,155 190,503 852
Rate p. pass. p. mile
1*988 cts.
2-157 cts.
2*196 cts.
2*170 cts.
9,164,508
9,195.538
8,478.605
7,365,688
Fr’ght (tons) moved.
*
*
*
*
1,892.868
2,021,755
Fr’ght (t’ns) mileage
1,639,512
1,410,545
79,36 L
335,816
858,143
162,218
349,322
1883.
1,177
Miles
188,341
140,909
Georgia Pac...
REPORTS,
outstanding remain
unchanged. The funded debt was increased by the sale of
$3,500,000 consolidated second mortgage bonds (for $4,000,000}
to pay off bonds falling due in 1885, less the regular contribu¬
tion of $250,000 to the sinking fund.
The remarks in the report are very brief, and the essential
parts are as follows: “By vigorous and determined economy
the operating expenses show a reduction of 10-98 per cent.
While the freight train mileage shows a large reduction)-^
5,828,746 miles m 1884, 7,176,597 miles in 1888—by reason of
the competition
by new lines, on both through and local pas¬
senger business, the mileage of passenger trains shows a small
increase, being 3,459,742 miles m 1884, against’3,403,224 miles
in 1883. The property has not been allowed to deteriorate, but
has been, as a matter of true economy, fully maintained; and,
some improvements in bridges, buildings, equipment, new
side tracks, See., are included in the operating expenses, nothing
being charged to construction. Notwithstanding the large
falling off in earnings—nearly 20 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 1882 60*67.”
In its statistics the Lake Shore report has always been a
model of clearness and compactness.
6,595.623
9,986,596 11,003,593
227,010
254,241
260.460
1,919,502
1884.
[Vol. XL.
(For the
Michigan Central.
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 sale®
of only 3,872 acres in 1884, and the lands unsold on Dec. 31
acres; the cash receipts in the land department
$264,536, and the amount due on land contracts ia
•Not including the first six days of January, preceding time when
$396,035, besides $1,481,463 in the hands of Joy and Dennison,
Beceiver took possession.
trustees, which will be applied to the payment of the 8 per
t Not, iitohifting Tnd. Deeatwr Ac SnHnvf- in either year.
*
cent bonds falling due July 1, 1885 :
\ Not including Colorado Division in either year,
a
Not lucludmg earnings of New
York Pennsylvania Ac Ohio road.
were
were
317,120
Mat 9,
In addition to the miles of main line owned
OPERATIONS AND FISCAL RESULTS.
1884.
1,505
1,463
1,013
949
operated
Opera fion 8
1883.
1882,
1881.
Miles
2,079,289
2,368,842 2,909,232 2,581,072
135,706,148 142,237,961180,749,225 164,908,660
2*10 cts
2 07 cts.
2*2 Lets.
221 cts. 5.141.597
(tonB)
moved
4,196,896
5,197,278
Freight
3,913,869
*
1,179,193
Freight (tons) mil’ge 790,022,930 703.241,320 *1,141,282
0 646c.
0 830c.
Av rate %) ton ^ m..
0 718c.
0 772c.
$
$
Earnings—
$
3,464,560
Passenger
2,812,706
3,146,309 4,007,548 7,620.887
Freight
5,675,731
5,426,455 9,472,366
Passengers carried..
Passenger mileage..
Bate per pass. $ mile
.
Mail, express, &c....
312,050
340,317
Total gross eamgs..
8,800,487
8,913,031
Operating expenses—
Maint’nce of way,&o.
Maint. of equipm’t..
Transports exp’ns..
215,802
631,935
$
1,758,084
1,170,105
3,121,704
222,853
398,9S0
6,732,096
2,068,391
76-50
$
1,627,919
825,196
3,431,244
Taxes
Miscellaneous!
Total oper. expens...
Net earnings
P.c. op. exp.toeam’gs
Three ciphers
529,853
573,630
14,009,767 11,659,077
$
2,297,419
1,378,178
$
2.010,962
1,099,887
5,029,641
4,415,239
255.793
263,874
780,607
1,169,170
6,671,726
2,241,355
9,741,633
4,268,129
3,959,132
2,699,945
74-85
69-53
76-84
t Includes legal expenses, rentals, loss
to persons, car mileage, commissions,
*
and damage of freight, injurios
and several small items.
omitted.
'
Receipts—
Net earnings
Int’st and dividends.
.
1881.
1882.
$
2,068,391
133,845
2,241,355
Interest on debt
Can. So. (*3 of net)...
2,202,236
2,369,306
184,310
1,508,616
184,310
1,617,061
468,455
374,764
Dividends
Do
rate per cent
MkAAlknomiR
$
2
2,176,135
193,171
2,161,381
40.855
Balance, surplus
*
127,951
2ia
1883.
4,268,129
1834.
$
EARNINGS AND EXPENS33.
79,858
Freight
Passengers
The balance to credit of income
New York
$2/06,5
232,
7
10,207
46.967
Express
Mails
8
24,920
Other sources
Total
Operating expenses and taxes
$2,327,664
$318,357
74 49
$638,38•
Net earnings
Per cent of expenses to
1,089.294
.
..
2,779,803
$
184,310
2,249,106
611,571
184,310
2,454,292
20,448
earnings
72-58
EARNING8, 1884.
$1,228,368
123,351
90,000
funded debt
Interest on unfunded debt
Rentals of terminals
on
$1,441,710
Total
$
818,357
$625, 36*
„•
Deficiency
As
compared with 1883, the freight and passenger
following changes:
1884 show the
1,124,292
2,659,050
*120,753
accountTec.31,1884, was $827,293
1,762,773
604,371,112
Tons of freight moved—
Tons of freight moved one mile
Rate per ton per mile, cents
-176
475,274
14,610,449
1-68
Passengers carried
Passengers carried one mile
Rate per passenger per
mile, cents
traffic far
1883.
1884.
6
0,6$
..$3,207,501
2,389,23 4
Net earnings, 1884
4,335,830
4,169,279
166,551
1883,
1884.
$2,879,309
246,185
Earnings from—
2,699.945
67,701
_
Total dishursem’ts.
equipment consists of 108 locomotives, 24 first?
10 second-class passenger cars, 4 dfficeiy
car, 1 paymaster’s car, 10 baggage cars, 4 baggage and mait
cars, 7,190 freight cars, as follows: 5,000 box, 700 stock, 210
coal, 1,200 flat, 80 caboose, 4 derrick cars, 1 snow-plow car.
Of the above equipment there was purchased during th$
year 500 box cars, 4 derrick cars and 1 snow-plow car.
The trust
class passenger cars,
Interest
$
$
$
Disbursements—
Rentals paid
by the company,
stated above, there are 6*24 miles of second main track and
95*02 miles of side track, making in all 613*78 miles ownOd* of
which 562*64 miles are laid with steel rails and 51*14 mile3 with
iron rails.
as
DISPOSITION OF NET
INCOME ACCOUNT.
Total income^..
667
THE CHRONICLE.
1885.]
981,8;
333,630,5q
-f
423/
11,658,76?
l*9d
Chesapeake & Ohio.
Chicago & St. Louis.
(For the year ending December 31, 1884.)
(For the year ending December 31, 1884.)
The remarks of Mr. C. P. Huntington, the President, in
It is to be regretted that the report of this company does not annual report, are quite brief, and the substance of them i*
contain some remarks and explanations regarding its financial embraced in the following extract:
The gross earnings for 1884, instead of showing, as we htt4
situation. There are several important items in the income
account and balance sheet which require elucidation. The net hoped, a handsome increase over those of 1883, have fallen Or
earnings for 1884 were $818,357, and fixed charges thus: Inter¬ about ten per cent, and the net earnings nearly twenty pefr
est on 1st mortgage, $900,000; on equipment bonds, $280,000; cent.” * * *
“This shrinkage is due to the loss of business consequent
on 2d mortgage, $48,368; on unfunded debt, $123,351; rental,
$90,000; total charges, $1,441,719; balance, deficiency for the upon the stoppage of coal and ore mines, furnaces, saw-mill*
and scanty crop exports, and to the fact that rate3 have beeik
year, $623,362.
But the tonnage shows a very large increase over 1883, and so low as to leave too small a margin over the cost of conduct^
except for the extreme depression in rates the net .earnings (on ing the business. While we have suffered, it is true, from th4
basis of 1883 rates) would probably have been at least $600,000 partial stoppage of local shipments along the line of road, th£
more than they were.
equipment has been kept at work in moving freights brought
There are also the following interesting tables, showing that to us from Western connections. Unfortunately this businO**
the company realized on certain assets, and that its floating is, for the most part, secured by sharp competition with the
liabilities on Dec. 31, 1884, were only $154,206 larger than on several trunk lines to the north of ours, some of which appekt
to be more concerned to show large gross earnings thaii
Dec. 31, 1883.
returns to those who have built or who own the propertied
RESOURCES OF TIIE YEAR.
so that while turning as many wheels as in former years, W4
Net earnings /over rentals)
$723,357 have received, as to a large portion of the traffic, less pay fdfc
Increase or 2d mortgage bonds
...
446,000 the service. No doubt in this way we have kept our orgaiil*
Sale of stock of Cincinnati Hamilton & Dayton RR. Co
569,15 4
Reduction of amount held by Equipment Bond Trustees
255.474 zation of labor and equipment together, ready for an improve¬
Dividend on stock of Cincinnati Hamilton & Dayton RR. Co.
14,592 ment in business, and incidentally may have helpied some df
Special deposit withdrawn from Metropol. Nat. Bank, N. Y..
75,000
Increase of floating liabilities
154,203 our patrons to do the same. These sacrifices, though real, ard
in danger of being overlooked or forgotten by the public gen¬
$2,242,785
erally.” * * *
“The total output of coal and coke from mines along thli
FLOATING LIABILITIES DECEMBER 31.
1884.
company’s road for three years past, in tons of 2,000 pounds,
1883.
$2,350,000 00 is as follows: 1884, 966,910 tons; 1883, 1,001,099 tons; 188S,
Bills payable
$3,lu9,24l 28
483.860 12
Unpaid vouchers
.
308,077 09
950,900 tons.” * * * “There has been no increase of thd
128,583 88
Unpaid pay-rolls
114,104 86
funded debt during the year; and $107,000 of the equipment
26
106,617
Due to other railroad companies
26,716 58
bonds have been retired. Rather than part with any of th#
12
119,159
Due to W. K. Vanderbilt aud others....
457.220 00
bonds of 1922, authorized for the Old Point Comfort and other
452.410 00
Coupons matured but not proseuted...,
165,920 00
Interest on fund, debt accrued, not due
157,000 00
branches, at less than their face value, the directors have bor¬
5,507
00
131 25
Miscellaneous liabilities
rowed on shorter time such sums as have from time to tinie
$4,321,887 38 been needed. All supply bills, pay rolls and current purchase*
$4,107,681 06
have been met at maturity with the same promptness as here¬
Increase..
$154,206 32 tofore.”
The company’s proposal to the holders of its series “B"
Against these floating liabilities were floating assets of bonds was
given in the Chronicle of May 2, on page 541.
$956,116 Dec. 31, 1883, and $1,470,131 Dec. 31, 1884, but in the
The earnings and expenses for three years were as follows:
latter year this includes the item of $346,964 due from Grant
1884.
1883.
1882.
“
*
& Ward.
There are also the following remarkable items: $590,237
the side of assets in the balance sheet for “amount held
on
by
equipment trustees to be applied in purchase of equipment;”
and in the floating assets, as above, the item of $447,070 cash
held by Union Trust Company, Dec. 31, 1834, “to pay inter¬
est,” when there 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 earnings, expenses and disposition of net earnings are
given further below. The road operated is as follows: Miles.
Main line owned by company,
Buffalo, N,Y.,to Grand Crossing,
TRACKS OF OTHER
111.512-52
COMPANIES USED.
New York Lake Erie & Western Railway Co., in Buffalo, N. Y—
Lake Shore & Mich. So. Railway, Grand Crossing to Chicago
Total miles
eperated
1-60
8-90'
523*02
Miles
operated
Tot. gross
earnings
Motive power
General and taxes
Total
earnings
Percent of oper. exp.
$695,105
$624,598
2,H< 0,539
Operating expenses—
Maintenance of way, etc..
Maintenance of cars
Transportai ion expenses
Net
512
499
502
...
Eamiings—
Passengers
Freight
Mail, express, etc.
to earn.
)
5
$647,707
2,728,408
10/,840
3,t 81.032
130,6.3 4
$3,334,977
$3,906,791
$3,538,604
$531,550
425,701
$484,951
$448,195
i 62,325
977,764
j ^4 366
£
270,786
961,734
lt'2,429
721.395
670,600
152,067
140,860
$2,302,449
$2,599,932
$2,499,7U
$1,032,528
69-00
$1,306,859 $1,038,860
’
*
l
180,832
The liabilities of the company on
and 1884, were as follows:
66-54
70-60
December 31, 1882, 1833
JTHE CHRONICLE.
568
$8,147,803
Common stock
15,906,138
preferred stock
Second preferred stock
8,861,015
$3,447,803
9,468,365
15,906,138
$9,447,803
10,075,715
15,906,138
$32,914,956 $33,822,306 $34,429,656
Total stock
Bonds—
Virginia Central bonds,
Notes on Virginia Cent, bonds..
Purchase money bonds, 6s
Gold bonds, series “A,” 6s
Gold bonds, series “ B,” 6s
Bonds of 1918, 6s
Bonds of 1911, 6s
Bonds of 1922, 6s
$12,7*0
10,450
2,279,000
$13,158
2,000,000
10,382
2,279,000
2,009,000
15,000,000
15,000,003
10,122,500
10.122.500
2,000,000
42,000
1,014,000
1,975,000
290,000
With the exception of 6*98 miles between Lexington
Mfc. Sterling, the entire road is laid with steel rails.
The report says that the statement shows a
increase in the earnings annually, and although the year
$12,310
10,640
2,279,000
2,000,090
15,000,030
Equipment bonds and notes....
,
$
Coupons unpaid
Personal accounts
Audited vouchers unpaid
953,115
457,229
42,000
1,057,592
260.127
159,840
171,233
165.238
5,168
7,493
9,224
$1,115,474
$1,762,498
$2,262,376
Pay-rolls
Unclaimed wages
.
•WLTi Total
gj^. \
Total liabilities
Less—
Cash on hand, bills rec’vable,&c
$121,888
1,596,624
370,530
223,328
269,909
Bills payable
increase
passenger trains of $6,260, or 3*32 per cent, with an
in the train mileage of 1*79 per cent.
Freight earnings have
increased $51,245, or 10*23 per cent, with an increase in the
train mileage of 44*21 per cent, and the total earnings have
increased $49,525, or 6*89 per cent, with an increase of 28-55
per cent in the total train mileage as
results of the year 1883.
Mr. A. L. Reid, the President, remarks
$65,720,728 $88,065,494 $69,215,816
1,635,652
1,743,175
$64,278,462 $66,429,842
$67,472,641
compared with the
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.
We 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,”
EARNINGS AND EXPENSES.
'
1,442,266
Passenger
1883.
$147,683
346,270
41,200
$188,772
500,672
23,658
$182,511
$535,154
$713,102
$762,628
3.78,699
496,061
$156,455
$217,041
Mail, express, &o
Total
Operating expenses
Earnings over operating expenses.
INCOME ACCOUNT.
1882.
<
1884.
1882.
Freight
Chesapeake Ohio & Southwestern.
(For the year ending December 31, 1884.)
The number of miles of road operated is the same as last
year. viz.: Owned, Elizabethtown, Ky., to Memphis, Tenn.,
351 *58 miles. Leased, Louisville to Cecilia, 46*90 miles. Total
miles of main line, 398*48 miles.
There has been an increase of $62,293, or 6*80 per cent in
the 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
cent in local freight; ana an increase of 25,725 tons, or 18*68
per 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 earn¬
ings had we obtained this year about the same rates we received
last year on this traffic.”
The President, Mr. C. P. Huntington, remarks in his report
that since its acquisition by the present interests there has
been expended for construction and equipment the sum of
*8,115,242, covering the building of 53*38 miles of new road,
221 miles of steel rails, 35 locomotives, 1,000 freight, 12 pas¬
senger and 4 baggage cars, and other large improvements and
additions, and valuable terminal properties at Louisville,
Paducah and Memphis. There still remain 176 miles of old
iron rails in the main line, a part of which it is necessary to
renew this
year, and arrangements should be made for the
renewal of the remainder as early as practicable.
“The Louis¬
ville New Orleans & Texas Railway was built by parties largely
interested in this property, and was completed in October last;
but as they were engaged in perfecting their connections and
physical condition of the road, their operations were confined
mainly to local business, and we derived therefore no advan¬
tages from this connection during the three months inter¬
vening between the opening and close of the year. We expect,
however, to attract to our line quite a share of its business
during 1885. The completion of the Louisville New Orleans
& Texas Railway finishes the last link in a system of railroads
extending from Newport News on the Atlantic Coast to New
Orleans, covering 1,588 miles of road in direct line, with 428
miles of lateral lines, of which all but the 93 miles between
Lexington and Louisville is controlled by interests associated
also in this property ; and of this system, traversing sections
of this country susceptible of great material development
and wealth, the Chesapeake Ohio & Southwestern Railroad
forms the link over which the products interchanged between
the Atlantic Coast and the Mississippi Valley over this system
.
551,917
28,199
504,575
$258,053.
1883.
1884.
$156,458
$217,278
$259,240
61,860
110,340
(18,086
( 2,979
(51,809
169,710
19,200
22,436
13,371
$183,214
34,064
Bur. 34,523
“
Net receipts
Disbursements—
Interest on debt
Rentals....
Taxes
ls^4.
Increase.
$324,817
916.140
67,615
978,434
71,391
$
$1,374,646
$52,100
1,013,534
1,034,695
21,160
Nettransp*itat’nearn*gs. $30*,9.0
$339,950
$31,030
Operating expenses
INCOME
ACCOUNT.
Total
Balance
annual report of
the board of
directors congratulate the owners of its securities, and the
stockholders, on being able to submit so flattering an exhibit
condition. Notwithstanding the
long and disastrous strike in the Hocking Valley, and the gen¬
of its material and financial
eral business depression in the Northwest, the large reduction
in the operating force of all manufacturing establishments,
the entire suspension of many industries, and the marked
falling off in the traffic of nearly all the lines of railroad con¬
necting directly with us, our business for the year 1884 shows
a steady and profitable growth, the increase exceeding that of
any preceding year in our history, as will be seen by an exam¬
ination of the annexed statements.”
The earnings given in the table below are for the same
mileage (sixty-one miles) and rolling stock as used in 1883.
The gross earnings (from the date of consolidation, July 1)
for the Last half of the year 1884 were $137,251; operating
.
expenses,
net earnings, $L8,187.
1884 (FROM DATE OF CONSOLIDATION.)
July 1, 1884
Earnings from contractor’s operation of the Northern
for October, November and December, 1884
Total net receipts
Interest on bonded debt,
T. A. A. & G. T. bonds
„
Miles
101-91
7-28-109-19
to
3,551
$67,236
$37,890
12,000- 49,803
$17,436
“The operating expenses for the last half of the year
are
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
earnings. We will be able to operate the road for this
proportion of its earnings because of the income received from
other railroad companies who use a portion of our track, with
their own equipment.
The rentals received from this source
entail upon us small comparative expense, and it is believed
that these conditions, may be relied upon as permanent. If,
however, they should at any time be terminated, it is esti¬
mated that the increase in our traffic would amply compensate
us, so that we shall be able to maintain and keep in first-class
condition the property of the company by expending for oper¬
ating expenses an amount which shall not exceed 55 per cent
of our gross earnings.” * * “From the completion of our road to
South Lyons the percentage of uninterrupted increase in
business lias been remarkably uniform.
This steady gain in
traffic demonstrates beyond question the increasing hold which
Toledo has secured upon the commerce of Central and North¬
ern Michigan by the opening up of this line of road, and vin¬
dicates the practicability and necessity for its construction as
a legitimate business enterprise.”
* * *
“On the 24th of June, 1S84, the agreement for consolidation,
which had been formally approved by the respective boards of
gross
$G 21,180
Ref. 281,229
Benton
Owned, A. C
I. Junction to Big Sandy Kiver
Leased. Junction with A. C. & I. Co. i ear Benton,
A. O. & 1. Junction
l eased. West Side Big Sandy River to Huntington
$5,493
58,187
1834
$457,067
Def. 148,147
& I. Co near
Division,
?
six months on $1,260,000
Balance, surplus, carried to 1S85
$457,441
60,000
83,132
20,607
Owned, Lexington to Junction with A. C.
;
Balance from old company,
Net earnings six months
(
Lexington & Rig Sandy.
(For the year ending December 31, 1884.)
length of road operated by this company isMiles.
:
Total
$79,063
INCOME ACCOUNT FOR
1884.
Elizabethtown
31,1884.)
makes
informa¬
..$335,280
60.000
32,192
29,595
Taxes. &c
Miscellaneous
Michigan.
(For the year ending December
$339,951
Rental Ceeilian Br
$224,717
Mr. J. M. Ashley, the President of this company,
a
full annual report for the year 1884, from which the
tion below is condensed. A map of the road will be found in
the Investors’ Supplement, on page 83. Mr. Ashley remarks
in his report: “ In submitting tneir fourth
the operations of this company for the year 1884,
$13,881
1883.
Bur.
Toledo Ann Arbor & North
.$303,920
Net earnings
Disbursements—
Interest <>n homls
The
$143,477
12,979
Sur.
Balance
Decrease
62,293
3,778
$1,322,135
Total
81,617
)
Total disbursements
AND EX TENSES.
1*83.
Freight
Mail, express, &c
S
$409,000 T. A. A. & N. M. bonds
$338,608
Passenger
)
Miscellaneous
must be carried.”
EARNINGS
just
closed was one of exceptional dulness throughout the country,
there was an increase of 6 89 per cent on the gross earnings
and 18*76 per cent on the earnings over operating expenses.
“There was in 1884 a decrease in the earnings derived from
10,122,500
2,000.000
353,694
15,708
and
gratifying
$31,690,298 $32,480,690 $32,523,784
Total bonded debt
Other liabilities—
J
1884.
1883.
1882.
Stocks—
First
[Vol. XL,
214*
8-77
139-42
'‘Toledo Ann Arbor & Grand Trunk Com¬
directors of the
pany” and the “ Toledo Ann Arbor & North Michigan Com¬
pany,” was submitted to a vote of the stockholders of each of
said companies, as provided by the laws of Michigan and Ohio,
and was duly ratified 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 Arbor & North Michigan Railway Company.” Although
the financial condition of the country during the past year
not favorable for new
was
569
THE CHRONICLE?
1885.]
May 9,
enterprises, yet the proposed exten¬
Northern Division, between Owosso and St. Louis
(some forty miles), was completed and a mixed passenger and
freight train was put on the line by the contractors to accom¬
modate the local traffic. The route thus occupied secures this
company in the possession of a well-defined territory, practi¬
cally free from competition, so that the future extension con¬
templated may now be delayed without jeopardizing our
future interests.
It has been deemed best to have the com¬
sion on the
decided that the directors be authorized to issue coupon or
registered, bonds or sealed notes, from time to time, in aadition
to the bonds already issued, to an amount not exceeding:
$500,000, for the purpose of funding the floating debt, &c.
New York Lake Erie & Western.—The complications and litigation between this company and its Chicago line,,
the Chicago & Atlantic, have been one of the principal
causes
for the break in its stock.
A suit has beem
brought by the Chicago & Atlantic against the Erie and
New York Pennsylvania & Ohio, to enforce contracts for
exchange of traffic and the traffic guarantee of Chicago
Atlantic’s first mortgage bonds, on which interest has been
defaulted ; to secure payment of $100,000 claimed to be due*
on business sent to the Chicago & Atlantic, and to compel a.
continuance and just performance of the contract in future.
It is incidentally stated that up to November 1, 1884, advancesof $1,700,000 were due Erie, but under the agreement advances
formed a lien secondary to interest on the Chicago & Atlantic*
pleted portion of the Northern Division operated by the con¬ firsts.
shall have been made with the South¬
In Cincinnati, May 1, a petition was filed in the Superior
ern Division.
The mileage, therefore, on which the operations Court by George Hafer against the New York Lake Erie <fc
for the year 1884 are given in this report, remains the same as Western Railroad Company, Hugh J. Jewett, and others, to
in the report for 1883.”
* * *
enjoin the company from voting a proxy for 22,000 shares of
“As soon as practicable, construction work will begin on the stock of the Cincinnati Hamilton & Dayton Railroad.
By
the Northern Division, for the purpose of penetrating farther an agreement entered into on April 15, 1882, 22,000 shares of
into the timber belt. The development of this timber traffic the stock were transferred to Mr. Jewett, who issued certifi¬
is necessary, in order to equalize our rapidly-increasing north¬ cates therefor to William Hooper, Henry Hanna and M. Werk,
bound tonnage, which is now eighty per cent of our total ton¬ trustees representing all parties having an interest in thenage.” * * *
One of the terms of this agreement was that Mr.
trust.
BALANCE SHEET DECEMBER 31, 1884.
Jewett should upon demand deliver to the New York Lake
A ssels.
Erie & Western a proxy whereby that company should be
Construction
$4,395,808 enabled to vote this stock at any election. The purpose of
Equipment
206,068 the present proceedings is understood to be to break the hold
..
Fuel, etc
3,432
Cash
27,109 of the Erie upon the Cincinnati Hamilton & Dayton road,
—The statement of gross and net earnings for 6 months of the
Due from agents and others
109,690
current fiscal year is given below, by months, and the gross
$4,742,110
Total.
earnings include 68 per cent of the earnings of the New York
Liabilities.
Pennsylvania & Ohio leased line, the other 32 per cent of the
Capitol stock
$2,700,000 earnings of that line being paid as rental. The net earnings
Funded debt.....
l,660,0i 0
Bills payable....
43,369 are correct, and show the actual results to the New York Lake
tractors until connection
.
'
Car trusts
Vouchers aud accounts
Due J. M. Ashley for rolling stock,etc.,
Income account— Deo. 31,188 i
39,124
88,807
143,572
furnished by him....
GENERAL INVESTMENT NEWS.
Bankers’ & Merchants’ Telegraph.—In the foreclosure
suit against this company Judge Donohue has ordered that
another receiver be appointed in addition to Mr. Butler, who
says
he is glad to have some one to share his
responsibility.
Bradford Bordell & Kinzna.—The earnings for the quarter
ending March 31 are reported as follows :
Changes.
1S84.
1885.
Dec. $1,868
Dec. 6,575
Net or deficit
Net $1,988 Def. $2,719
Inc. $4,707
Brooklyn Bath & Coney Island.—This railroad was sold
under foreclosure of mortgage this week. It was bought in
by the bondholders, their counsel bidding $25,000,
Central of New Jersey.—At the annual meeting of stock¬
$13,857
11,869
Earnings
Expenses
holders the old board of directors was
$15,725
18,444
re-elected.
There was
sharp discussion at the meeting. President Little said that
the directors had done everything for the stockholders and
a
fears of
protracted litigation had kept the directors from
demanding the road. “ We are protecting ourselves by refus¬
ing to issue stock or bonds to Reading.” The stockholders,
however, adopted the following resolution :
Resolved, That tlio directors are her by instructed to take possession
of and manage the Jersey Central property until such time as the Read¬
ing Co. is iu a position to pay interest on the bonds and the dividend on
the stock.
Central Pacific.—The gross earnings for
1 to April 30, 1885, were $6,210,373, against
The net earnings for two months (Jan. and
800 this year against $417,769 last year.
four months Jan.
$6,355,118 in 1884.
Feb.) were $895,-
Delaware & Hudson Canal.—For the quarter ending March
31,the net deficits on the several leased railroads of this company
after
paying all charges including
rentals, were as follows :
T.ESSEE.
1885.
1884.
NET DEFICIT TO
By
By
By
By
Susquehanna Divi-ion
Saratoga
Division..
Utica Division
Champlain Division
Total losses.
$36,503
93,703
10,8-T
14,701
$138,898
$155,783
$28 4,958
East Tenn. Ya. & Ga.—At
84,764
26,541
34,755
/
Di fferenees.
Inc. $402,395
Dec.
8,93n
Dec.
j 5,600
Inc.
20,051
hie.
1881-5.
$2,411,146
2,180,982
1,823,568
$327,842
487,825
350,343
January
February
March....’
1,315,443
1,371,624
1,567,211
1,496,394
235,827
$843,383
703,073
226,342
85,773
238.221 1,568,522
1,495,540
212,828
364,137
Total 6 mos. $9,397,169 $10,974,841
$2,230,612
$2,309,416
New York & New England.—The Storm King Bridge bill
was defeated in the N. Y. State Assembly by a vote of 62 to 31*
New York West Shore & Bnffalo.—A meeting of tha
West Shore Committee of Reorganization, of which Abram S.
Hewitt is Chairman, met at the office of John A. Stewart*
President of the United States Trust Company. It is under¬
stood that the committee is engaged in considering whether
the plan can be so modified as to be made acceptable to a
majority of the bondholders. The modifications proposed
embrace a considerable reduction of the proposed issue of new
bonds, a different method of funding the old bonds and stook„
and the securing control of the property for a time to tho
present mortgage bondholders. Some new proposition may
be expected soon.
In the meantime, Kiev nan's News Letter of Friday says r
We are advised that there is every indication that the West,
Shore complications will be settled shortly,” and gives the
outline of a plan for issuing $14,500,000 of mortgage bonds for
prior liens and $20,000,000 for the present $50,000,000 bonds^
these new bonds to be guaranteed 3y2 per cent per annum by
New York Central. The authority for this scheme is not given.
170,638
“
Northern Central (Md.).—A large number of the holders of
the $1,490,000 bonds, maturing July 1 next, it is
have taken at par the new series of substitutional bonds secured!
understood,
by the consolidated
cent
interest.
general mortgage of 1874, bearing 4^ per
The option expires on
May 15.
Philadelphia & Reading.—1The Bartol Committee of gen¬
bondholders and the Whelen Committee, repre¬
eral mortgage
senting the managers,
stockholders and others, have agreed
embraces substantially the
other plan
upon a compromise plan which
features suggested by the Chronicle when the
was
The arrangement now proposed calls for an
-first broached.
assessment on stock an l junior bonds, pays part of
gen¬
eral mortgage bond interest in cash, and thus appears
the
substantial
justice to the holders of this lien.
to do
The plan is a*
follows
1. General Mortgage—1 lie secmitles issued for deferred
■diall be payable within five years from the maturity of
md the i teicst thereon semi-annually at 6 percent.
coupons
each coupon,
July, 188 ), shall bo
of the East
2. I'onvertmlo Adjustment
rip—‘lie coupons
treated as subsequent overdue coupons.
3. Floating Debt—Assent to the plan shall be conditioned
settled, and Mr.
undisputed possession.
Fitchburg—Boston Barro & Gardner.—The stockholders
of the Fitchburg Railroad Company held a special meeting in
Boston, May 7. They unanimously voted to accept the act ol
the Legislature of Massachusetts authorizing the union ol
Net Earnings.———*.
1883-4.
.
1883-4.
$1,867,857
1,703,338
1,570,385
$129,17*
their road with the Boston Barre & Gardner, and to consoli¬
date on the basis of the articles heretofore published, allowing
Boston Barre & Gardner shareholders to exchange their stock
on the basis of ten to one of the Fitchburg shares.
It was
Earnings.
October
November
December
Atlanta, Ga., May 2, the litiga¬
tion over the receivership of the Georgia division
Tennessee Virginia &■ Georgia Railroad was
Henry Fink is now in complete and
Cross
1884-5.
67,236
$4,742,110
Total
Erie & Western Co.
that sulli-
oil'tlie floating debt. Intele^t on the float*
;ng debt or oil any loan created to discharge if, shall not have priority
d payment over in.crest on the general mortgage longer than three*
••ears; aid si ok pie team e shall bo limited to such debt as is seoureti
hy collaterals yielding income to cover interest and such oilier collaterii.-j as are important to be retained by the company.
-1. Dentals, Guarantees aivd Traffic (Jontraetp—Further reasonable
onces.-ions shall bo demanded lrom companies and individuals not.
•ie
.
t money
be raised to pay
ntiMeu to renmls, &c.
5. Audit of Accounts—The
point *n auditor,
general mortgage bondholders shall ap¬
who (at the expense of the company) shall audit the
THE CHRONICLE.
570
accounts of tbe company quarterly, judge of the propriety of charges
qapltal arid expense, and all other accounts respectively, recommend
changes (where in his judgment necessary) to the Board of Managers
to
jfhdfrepdrt to the general mortgage bondholders.
6. Cuntfol of Coal & Iron Company’s Stock—The stock of the Coal
& Iron Company now pledged as collateral -shall be redeemed as soon
as possible, and shall be placed beyond the power of the managers ever
again to use as a collateral.
7. Agency of Reorganization—Seven
,
„
,
reorganization trustees shall be
appointed, as follows: One representing foreign creditors, two repre¬
senting general mortgage, one representing income mortgage, one rep¬
resenting securities junior to the income mortgage, two representing
the shareholders, which trustees shall receive the asseut of parties in
thterest aod receive and hold the securities and assessments thereon
pending reorganization, and when accomplished shall ret urn such secu¬
rities, duly stamped, &c„ to their respective owners. The expenses of
HUs trusteeship shall be paid by the company, providing the authority
of the Court can be obtained for so doing; failing wbicli, each bond¬
holder shall pay to the trustees on assenting and depositing his securi¬
ties one dollar for each $1,000 bond, and each stockholder ten
per share. The parties assenting shall execute a contract with
other to make it binding and effectual.
cents
each
Any surplus unexpended by the trustees shall be returned to the
respective owners of securities pro rata.
7*s. The selection of a trustee to represent foreign bondholders shall
fee referred to a meeting of such bondholders, to be held in London; the
selection of two trustees to represent the shareholders to the Board of
Managers of the Philadelphia & Reading Railroad Company ; and that
Messrs. Borie and Bartol be constituted a committee to nominate the
remaining four trustees, subject to the approval of the Wlielen and
Bartol committees.
‘8. Assessment of Juniors and Stock—A collateral trust loan shall be
ereated not exceediug$10,000,000. bearing interest at — per cent per an¬
num, secured by sucb valuable collaterals as the company can com¬
mand, which loan snail be offered to present holders of secured floating
debt or be negotiated to accomplish Its payment. The holders of iucome
Bonds and convertible adjustment scrip shall pay in cash 5 per cent
tiie face value of their securities; the ilrst and second consolidated 5’s
•hall pay in cash 10 per cent of the par value of their holdings. Bond¬
holders junior to these and holders of the Coai & Iron Coinpauy’s deben¬
tures. 20 per cent of the par value of their holdings, and the stockhold¬
ers $10 per sli are, or (lie holders of the several classes of bonds and
Stocks herein enumerated shall surrender a corresponding amount in
value of their respective holdings, the several proportions to be determ¬
ined by tlie reorganization trusiees.
For such cash payment they shall receive income collateral bonds of
the company, secured by such remaining collaterals as the company
control.
On all assessments paid prior to
a discount at the rate of 6 per
cent per annum shall be allowed; and on subsequent payments a pen¬
alty of 5 per cent shall be charged in addition to interest from that
date to the date of payment.
9. Negotiable Certificates to be issued—Tlie
•hall issue to the
owners or
reorganization trustees
adopted.
1*. Powers of the Reorganization Trustees—The Reorganization Trus¬
tees shall fill vacancies in 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. Foreclosure Proceedings—In the event of a decision by the reor¬
ganization trustees on or before tbe 1st day of May, 1886, by a vote of
six oltheir number, that the assents to the plan of reorganization are
Hot sufficient in numbers and in payments of assessments to justify
their declaration that it. is completed and should be put into operation,
then the reorganization trustees shall call into a couucil the managers
Of the Philadelphia & Reading Railroad Company, the receivers of said
company and the committees of the general mortgage and income mort¬
gage bondholders, and the said body, by a vote of four of tbe five intereats there lepresented, sha’l formulate a plan of reorganization adapted
to the circumstances and involving no larger contribution in money to
he paid than under tbe plan as now modified, and under such power the
trustees shall proceed to foreclose under such mortgage or mortgages
M they may deem advisable.
Philadelphia
Oregon Navigation.—The iV. Y. Tribune says; "At the
the Union
agreed in
making an offer to the committee of the Oregon Railway &
Navigation Company to lease jointly that company’s property
at tlie 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
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 Pacific 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 Railwajr, which is owned by the Union
conference in Boston on Tuesday the committee of
Pacific and Northern Pacific railroad companies
Pacific.
(Quarterly Reports.)—The
showing the operations for the quarter
Railroads in New York State
following abstract,
ending March 31 in 1884 and 1885, has been specially compiled
Press remarks: The only member
who did not sign was Mr. Twombly,
made to the Railroad Com¬
for the Chronicle from returns
missioners.
Long Island.
,
Operating expenses...
Net
earnings
Income, other sources.
Total net receipts.
Deductions—
Interest on bonds
1
All taxes
Rentals
Albany.—s
1884.
$456,715
$439,801
376.806
3S3.20L
1,156,762
$1,751,692
1,179,987
$79,909
31,398
$56,600
$516,986
$571,70o
$111,307
$85,579
$516,986
$571,705
$165,725
34,115
18,750
$235,000
$36,663
$61,505
f
1
$1,673,748
28,979
17,400
> $151,589-;
Miscellaneous
.—Boston <&
1885.
>
1884.
1885.
Receipts—
Gross earnings
'
60,346
37,500
4,506
l
$309,163
$218,590
$151,589 • $143,658
Def.$40,282 Def$58,079Sur$298,396Sur$202,542
Total deductions..
Balauce
Rome Watertown & Ogdensburg.—This company makes
the following statement for March and April, and for the
seven months of the fiscal year from Oct. 1 to April 30 :
parties assenting negotiable certificates rep¬
resenting the bonds and stocks deposited with them; they shall also
have powvr to decide when a sufficient assent has been given for the
plan to be declared operative.
10. Release in Case of Failure—All parties assenting shall be released
and re-possessed of their several securities and shares and of the cash
paid on account of assessments (this does not mean the $1 a bond or ten
cents a share which is to be paid in case the Court does not authorize
the company to pay the same, which amount will be returned less the
expenses of the trustees up to that period), if the inoditiocl plan is not
assented to and reorganization under it effected by May 1, 1886.
11. Reinstatement of Rights—In the event of any default the rights
and remedies of the holders of all classes of securities shall be reinstated,
and shall be tbe same as if this plan of reorganization had not been
The
[Vol. XL,
,
Five mouths to Feb. 28
March
1834-85.
NcK
Gross.
$680,001
$209,373 $615,372 $176,412
124,030
151,176
April....
Total 7 1U03
1883-84.——^
Net.
.
Gross.
$955,507
19,766
132,751
Texas Pacific.—The following statement
but at the office of the company in New
known of it.
132,957
has been issued,
York nothing is
,—Jan. I to march 1.
1835.
1884.
Gross earnings
Operating expenses
Net
earnings
45,323
38,853
$290,097 $911,080 $26^588
60,053
v
Changes.
Dec. $199,424
$736,410
$935,835
710,811
988,757
Dec.
277,944
$25,599
|Def.$52,922
Inc.
$78,521
Toledo Cincinnati & St. Louis.—The Quigley Committee
publishes a notice in the advertising columns of the Chronicle.
It is reported that the Toledo Board of Trade have sent dele¬
gates 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.
Union Canal.—At Philadelphia, May 7, a meeting of the
mortgage bondholders of the Union Canal Company, a
first
tender to the Reading
Railroad Company, was held, the prop¬
erty being announced as for sale under
fereclosure proceedings
Counsel for the Reading Railroad, which owns
Of either committee
two-thirds of the bonds, said that that company purposed to
who has not been seen in reference to it.
No reason is
purchase the property unless there is bid for it an amount
known why he should decline to approve it, and his assent exceeding their estimate of its value. A committee was
is expected.
There was very little comment on the street appointed to prepare a plan of action and secure the co-operation
about the new propositions, but the principal question was, of other bondholders.
“How can tlie proposed assessment be enforced?” It is
Union Pacific.—Reports state that a plan looking toward
expected that some measures will be adopted by the board an early resumption of dividends on Union Pacific stock has
looking to the carrying out of the provisions of the plan or of been
suggested by Hon. Samuel J. Tilden, and is favored by
auch parts as are agreed upon by it.
the principal stockholders and some of the Government
This latest phase of Reading’s affairs will not interfere for
directors.
The company has in its treasury about $2,700,000
the present, at least, with the prosecution of the Robinson fore¬
Kansas Pacific consols, which are selling in the open market
closure suit. A gentleman acquainted with the case said that the
at about 97, and about $2,000,000 Oregon Short Line first mort¬
complainants would not probably proceed to extremities in the
gage bonds quoted at 90. The plan is to offer both these securi¬
case if the proposed plan of reorganization could be carried
ties to the stockholders at a shade under the market price.
into effect. It is considered probable, however, that until
This would bring into Union Pacific’s treasury over $4,000,000
■omething of a decided nature is developed in the way of an cash, and enable it to pay
off all its floating obligations. Its
amicable settlement, the case will be continued.
net earnings could then be applied to the payment of quarterly
Pullman Palace Car Co.—George M. Pullman, President dividends. It is said that a paper will soon be circulated for
of the Pullman Palace Car Company, the lessor of the Central the signatures of stockholders, and those favoring the plan
Transportation Company, has sent a circular to the stock¬ will have an opportunity to give their assent in a formal man¬
Governor Tilden, who holds about 10,000 shares of Union
holders of the latter (mostly in Philadelphia), informing them ner.
that he will accord them the privilege up to May 18 of Pacific, will sign, Sidney Dillon will sign for about 30,000
exchanging their stock for Pullman Palace Car stock, at the shares, Mr. Jay Gould for 50,000 shares^ etc. Some of the
rate of four shares for one, the May dividend on the Pullman Government directors will also sign the paper.
The Stock¬
holder reports Mr. Gould as saying that, in case of Union
itock (2 per cent) being an additional inducement.
Pacific, a few of the larger stockholders will take all the Kan¬
Quincy Missouri & Pacific.—The Court has authorized sas Pacific consols and the Short Line bonds that are left after
the transfer of this road, which has been leased by the Wabash the miscellaneous shareholders have been heard from.
to a company known as the St. Joseph & Quincy, which offers
to assume the lease, and also to pay the overdue coupons of
Wabash St. Louis & Pacific.—The reports of the general
July 1, 1884, and January 1, 1885. The transfer is to be made bondholders’ meeting, held in London April 22, as cabhd to
within sixty days, and any exception to the order must be New York, were indefinite and uncertain in many respects,
filed within sixty days from its date.
particularly in regard to the assessments on stock, which are
on
May 19.
THE CHRONICLE.
■■
r*1
-■
'
■
■
1885.]
■
■
MAT 9,
■'
571
.'.i
'
11
r-rrr.
and $6 on common. At the meeting
said: “ He cared little for Mr. Jay Gould or Mr.
Solon Humphreys, but he cared a great deal for the Wabash,
and the men who had invested in it, and if he could save them
COMMERCIAL EPITOME.
he would do so. (Hear, hear.) With regard to the floating
Friday Night, May 8, 1885.
debt, the omission of $900,000 was an inadvertence. It repre¬
sented hard money lent by a bank to the company. The ques¬
The more peaceful aspect of the relations between Greal
tion for the bondholders was whether they would agree to the Britain and
Russia, as reported by cable, has been the leading
proposed programme, and in his judgment it was the only safe influence
operating in all markets during the past week. A
one they could agree to.
If the bondholders continued the
decline
in
food staples and an advance in cotton are the moft
present committee he was going home, and in some way he
would compel the payment of the amount added to the floating conspicuous results. The weather has been cold and unseason¬
debt.”
able for the crops, and this fact has attracted some attention
The committee’s report, of which the substance is quoted
the past few days.
below, was then adopted.
The following is a statement of the stocks of leading articles
After months of anxious negotiations, the committee were able to
to
be $8 on preferred
%\iz Okrmntetxial jinxes.
Mi*. Joy
*
communicate to the bondholders, on the 19th February, 1885, the heads
of a proposed arrangement as follows, viz.:
1. That in the proDosed reorganization, new
general mortgage bonds,
limited to the amount of the existing bonds—viz., $17,000,000—shall be
issued in exchange for the present bonds, bearing, however, 5 per cent
interest instead of 6 per cent, and depending on iucome for the first five
years. 2. That foreclosure rights shall be suspended for this period of
live years, and not be exercised for two years thereafter. 3. That gen¬
eral mortgage bondholders shall have a fair and proper representation
on the board during the iucome period.
4. That the collateral trust
bonds and the floating debt shall be extinguished out of the proposed
assessment on the shareholders, and by new first preference stock, to
rank after the general mortgage. 5. That tho assessment on the stock¬
holders shall be $8 per share on the preferred and $6 on the common,
such assessment to be represented by new first preference stock.
Since then, the committee have succeeded in arranging that the boud
holders should, during the iucome period, have the practical control of
by the bondholders nominating ont-half the directors on
the board, the President beiug elected by agreement between the direc¬
tors nominated by the bondholders and the directors nominated by the
shareholders, or failing agreement, by the trustees for the bondholders.
This secures to the bondholders one of the most important of tho main
points above-mentioned, and in a way which the committee consider on
the company
satisfactory. The securities included in tho collateral trust
mortgage may be divided into three heads—(a) those which in the
opinion of the* committee (but in which opinion the holders did not eoucur) belonged to the general mortgage; (0> those which do not belong
to it; and (o) a portion which were open to question, and could only be
settled as the result of long and expensive litigation. The committee,
the whole
therefore, were most anxious to come to some arrangement for settling
all
questions with reference to these securities, and ultimately they
succeeded with immense diificulty and pressure in arranging tLat till
the collateral trust securities, without distinction, should form part of
the new general mortgage, even including those as to which no claim
otherwise be sustained.
The collateral trust securities
represent tho very large amount before’ mentioned, and some of them
are, moreover, securities which could not be detached from the control
could probably
of domestic and foreign merchandise at dates given :
bbls.
Pork
Beef
Lard
Tobacco, domestic.
Tobacco, foreign..
Coffee, Rio
Coffee, other
Coffee, Java, &c....
8ugar.
tes.
hhds.
-
Sugar
Sugar
Melado
Molasses, foreign..
Molasses, domestic.
bags.
bags.
mats.
hlids.
boxes.
bags, &c.
hlnlx.
hhds.
bbls.
bales.
Cotton
Rosin
Spirits turpentine
.
Tar
bbls.
bbls.
bbls.
1885.
1885.
1884-
May 1.
April. 1.
May 1.
11,191
13,229
G79
834
690
27,362
21,658
32,114
25,631
21,417
62,805
47,806
164,653
93,944
53,150
44,532
IS,542
84,650
218,835
40,000
44,532
100,740
None.
None.
905,890
905,890
758,007
763
783
2,478
1,500
763
783
2 000
11 1,600
347,382
30,026
113,400
348,437
36,987
607
1,488
1,272
11,200
2,238
bags.
8,100
1,150
Linseed
bags.
bags.
16,500
11,700
bales.
bales.
bales.
66,300
12,497
25,863
Jute butts
Manila hemp
Sisal hemp
1
96,261
5o,0o8
1,469
Rice, E. I
Rice, domestic
Saltpetre
18,890
47,109
11,449
820
2,200
24,200
346,633
2 4.925
2,091
4,218
4,920
1,900
840
5,000
12,250
05,300
7,500
12.000
12,156
51,000
L3.687
27,704
21,440
speculation in lard futures has been dull throughout the
still large, prices have been
of the company without risk of permanent injury to its interests. Thus
drooping. To-day, however, there is rather more steadiness,
the whole of the above-mentioned main points have been secured, ex¬
and the close is at 7 12c. for June, 7v2Ic. for July. 7’29c, for
cept as to tbe reduction in the rate of interest from 6 to 5 per cent,
August and 7‘38c. for September. Spot lard, at a decline, has
which the committee were obliged (reluctantly) to yield in order to
secure the assessment, without which any scheme would in their judg¬
latterly had a more active sale, closing at 6-95c. for prime city,
ment fail.
7’lOc. for prime Western and 7'30e. for refined for the Conti¬
This left still open the question of the floating debt, and at the last
nent. Pork is lower, closing at $10 50@$10 75 for extra prime,
moment the committee regret to have to add that difficulties have
$12 50@$12 75 for mess and $14@$14 50 for clear. Pickled
arisen with reference to it. The}' have used every means in their power
to endeavor to get this adjusted before presenting their report, but.as
cut meats are lower, except for hams, and close at 5^@Si^c.
yet without success. A statement or the floating (lent submitted by the for bellies, 5c. for shoulders and 9)4@9^c. for hams.
officials of the company to the committee is annexed, which after de¬
Smoked meats and all grades of beef are nearly nominal.
ducting the amount of the proposed assessments, leaves a balance of
Oleomargarine is lower and more
$1,515,734. subsequently thereto, and within the last fortnight, Mr. Tallow is easier at 5%c.
Joy, the President of the company, who is over here, and who brought active at 0:i4@6^c. and stearine 7j£c.
Butter has continued
the statement with him, has received advices to the effect that there
weak, and new creamery closes at 17@2Gc.; State dairy 15@
was an accidental omission in this statement of a claim of about $900,Cheese unsettled; new
000, which, together with current liabilities, would increase the amount 23c. and Western factory 9@14e.
State factory quoted at 6^ lO^fc.
by a further sum. 'i hose amounts, including receivers’ certificates, Mr.
Joy estimates might come to as much as $1,501,000. The $1,515,731
which appears ill the statement above reUrred to, t lie comp any can no
doubt bear as a permanent floatingdebt, beiuguot more than is usual with
similar companies, as representing stores and other current provisions,
but the addition thereto of a possible further $1,500,000, making a
total of over $9,010,000
altogether, would, in the opinion of
the
committee,
be
fatal
to
the successful working of the
scheme, • and they are hound
to add that Mr. Joy does not
dispute this; on the contrary, ho says that he would not himself
be responsible for a reorganized company with a larger amount of cur¬
rent debt unprovided for than tlie $1,515,73! shown by the statement.
The committee, having unsuccess!ally exhausted all their ertorts to
arrange this now ditlicultv. have no alternative now but to lay the
matter before the bondholder for their decision, and seeing that tho
schemes which otherwise tho committee consider is a desirable one in th
interest of the bondholders has been so far arranged, they advise, under
all the circumstances, that it should bo referred back to a committee
consisting of the same, or other members, to continue the negotiations,
in the hope that some way may yet be found of dealing with this new
difficulty, if tiio scheme should otherwise be accepted by the bond
holders, and in the meantime to provide for a deposit of the bond-i.
With reference to the proceedings of tho English Association of
American Share and Bond Holders, the committee wish to observe on
the unusual course of forming 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 ihe
extreme danger of the bondhohlois having their interests mixed up
-
*
*
with those of the shareholders.
—Messrs. Humphreys and Tutt, receivers, have just issued
circular to holders of the main line bonds of the Wabash St.
Louis & Pacific Railway Company, stating that:
a
The decrease in
earnings and increase in expenses occasioned by the
winter, together with the loss incurred in operating
certain branch lines, from which the recent or Hers of the court will
hereafter give substantial relief, have rendered it impossible for the
receivers to pay on the 1st of May, as they had honed to do, the interest
due Feb. 1 ou the following bonds, viz : Toledo & Illinois, first mortgage;
Lake Erie Wabash & St. Louis, first mortgage; Great Western, first
mortgage; Illinois & Southern Iowa, first morigage; Decatur & East St.
Louis, first mortgage; Toledo Wabash & Western, consolidated mort¬
gage. They feel, however, justified in advising the bondholders of their
expectation of being able to pay these coupons on or about the 15th of
June, and in like manner to pay in July the coupons of the main line
and St. Charles bridge bonds maturing the 1st of March and 1st of
unusually
severe
The
week, and with the production
still further decline in the past
Rio dropped }±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 GOc. for June, 6*80c.
for August,
G’85c. for October and 7*05c. for December.
Mild coffees have been dull.
Raw sugars have been much
less active, but the recent advance i3 maintained at 4%@4%c.
for fair to good refining, with refined quoted at Gf^c. for
crushed and 5%c. for standard “A.” Molasses is firmer but
quiet at 18j^c. for 50-deg. test. Teas have been very quiet,
Brazil coffees have sold at a
week ;
fair
cargo
and close nominal.
The market for Kentucky
tobacco during the past week ha*
again been rather inactive, in consequence of the few desira¬
ble goods that are sampled.
Sales 125 hhds., of which 70 hhds.
were for export. Quotations are unchanged. Seed leaf tobacco
presents few new features. Sales for the week are 760 cases
as follows: 200 cases 1883 crop, Pennsylvania, 8@l2>£c.; 50
cases 1882 crop, Pennsylvania, private terms; 200 cases 1881
crop, Pennsylvania, 6@llc.; 110 cases 1883 crop, New Eng¬
land, I0@15c.; 100 cases 1883 crop, State Havana, 8@10c.; 50
cases 1883 crop, Little Dutch, private terms, and 150 cases sun¬
dries, 5@28c.; also 300 bales Havana, 65c.@$1 10, and 150
bales Sumatra, $1 20@$1 60.
Crude
petroleum certificates have been fairly active, but
declined and
under the free selling movement prices have
close at 77t£c.
Crude in barrels quoted at
in barrels for export, 7%@ 7/8c., and in cases,
6%@7}^c.; refined
8j4@10j^c..;
naphtha, 7c. Spirits turpentine was depressed early in the
week, but partially recovered, and close steady but quiet at
32%c. on the spot and 31%c. for the summer months. Rosin*
are firmer at $1 07^@1 10 for common to good strained.
Metals have developed very little that was of striking in¬
terest. At to-day’s Exchange pig iron certificates were dull but
firm; offered at $17, with $16@$1
bid. Tin firm at 17*95@
18’05c. futures; spot offered at 18*20c.; 20 tons July sold
April.
at 17*95@18c. Tin plates dull at $4 20(5)$4 30 nominally" Cop¬
—An opinion has been given by the United States Supreme per quiet; Lake steady at 11
Orford firm at 10*70^
Court in the case of the Wabash Company, appellants, vs. 11’lOc.; Baltimore, 10’60@10*95c. Lead steady at 3*65@3*75c.
Benjamin F. Ham, et al., on appeal from the Circuit Court. for domestic. Spelter dull; domestic nominally 4’35c. asked;
The decree of the Circuit Court is by this judgment reversed, foreign 4%@4%c.
Ocean freights have been very quiet, and ra‘63 at the dose
and the cases remanded with directions to disallow the liens
are weak and nominal.
claimed by the holders of old equipment bonds.
us
M., May 8, 1885,
Friday, P.
The Movement of the Crop, as indicated
ffirom the South to-night, is given below. For
this evening (May 8), the total
by our telegrams
the week ending
showing a
Indianola, Ac.
fNnv Orleans...
Mobile
467
497
11
89
IFlnrida
Savannah
Brunsw’k, Ac.
167
•
....
1
46
.
•
....
1
....
....
8
New York
1,449
1
1
486
431
11
17
3
121
....
Philadelp’a, Ac.
9
100
‘Totals this week
1,217
990
1
1
51
380
302
392
....
45
....
....
75
....
23
....
515
73
58
....
....
Baltimore
14
431
1
....
110
iBoston
159
....
....
8
....
....
14
14
195
....
....
1
122
17
120
96
24
3,238
....
....
.
491
84
73
....
Wilmington....
West Point, Ac
7
59
22
Moreh’d C.,Ac
.Norfolk
913
....
...
•Charleston
Pt. Royal, Ac.
854
99
119
24
408
....
....
....
....
....
40
42
49
385
....
....
397
397
377
282
....
....
768
1.591
658
1884-85.
.Receipts to
May 8
‘Galveston
Sep.
1, 1884.
24
Ind’nola,Ac
Since Sep.
1, 1883.
586,528
8,472
3,116 1,499,070
531
250,991
95
42,847
648,590
1,509
25
8,059
3,238 1,500,077
New Orleans.
228,058
159
Mobile
77,535
716 965
14
Florida
1884.
1885.
311
453,935
10,797
498
...
This
9,557
5,710
113,708
135,834
15,996
8,794
1
9,747
■Charleston...
486
993
414,676
5,716
Pt.Royal,Ac
431
509,510
7,088
9
Wilmington..
M’headC.,Ac
17
79
730
385
93,482
9,605
545,560
281,053
67,332
80,859
13,638
91,596
12,570
3,080
397
33,611
2,439
1
380
Norfolk
302
W.Point,Ac.
83
New York...
IBoston
Baltimore
...
768
iPhiladel’a,Ac
r
35
572,831
94
220,425
103,930
173,833
23,421
•
4,237
520,280
531.249
8.588
correction ol previous receipts.
comparison may be made
1885.
.Receipts at—
4,397
1,737
2,985
12,603
9 496
1,454
3,035
1,974
159'
531
1.4491
1,509
3.463
2 295
4,965
917:
3,116
3,233
Mobile
Savannah....
C'harl’st’n, Ac
2.907
8.254
14,334
1,703
311
522:
Galvest’n,Ac.
New Orleans.
1830.
1881.
1882..
1883.
1884.
|
Wiim’gt’n, Ac
Norfolk, Ac..
1,002
4,341
1,459
2,497
1,136
1,783
13
114
553
329
362
197
632
672
9,2*2
2,99.5
6,619
4.171
4,137
24,616
.All others
1,6 43!
8,402
8,63 5
11,457
14,167
Tot. this w’k.
8,633!
15,657
50,575
25,381
49,150
Qinoo Sept. 1. 4677,555 4728,970 5711,245 4492,016 5446.033 4689,164
Galveston includes ludiauola; Charleston includes Port Royal, Ac.;
‘Wilmingtonincludes Moreliead City, Ac.;
Norfolk includes West Point, Ac.
JgThe exports for the week ending this evening reach a total
of 40,230 bales, of which 22,550 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
sarethe exports for the week and since September 1, 1884.
From Sept.
Week Ending May b.
.Exports
Great
from—
Brlt'n.
•
Galveston
New Orleans..
I Mobile
i
Conti¬
Total
Great
^rance
1
nent.
Week.
Britain.
2,433
......
•
•
•
•
•
^Charleston V..
■Wilmington...
Norfolkt
......
......
......
025
025
1.272
.
iPhilade!p’a,&c
Total
Total 1888-84
437
......
2,074
......
913
113.003
4,0,*
2.314
2,802
110.008'
Ordin’y.$tb
8triet Ortl..
84
y
Good Ord.. 9*
8tr. G’d Ord 10*8
:5i6
8%
8%
813,8
8%
8%
93ie
9316
94
93,6
93,6
10
103a
.
Til.
FrI.
Wed
8916
85a
9he
978
8%
9*lfl
9"*
8131R
104
1 Oh 8
10%
10%
104
10® 10
10%
104
in
Uhe
9
Good Ord.. 9ihe
Str. G’d Ord IO01G
Low Midd’g 104
Str. L’w Mid 101 hh
Middling... 10‘he
Good Mid.. 11
Str. G’d Mid 113,6
Midd’g Fair 119,6
123lft
Pair
10
94
101
.......
Middling
.
104
ll
11
113,6
113,0 114
11%
117,8
11%
1113,6
12%
12*10
1130
11%
1113,6
1230
127,8
1015I6
Hite
Wed
Th.
FrI.
84
87g
95,ft
813,6
84
95,fi
94
95,6
9316
IOIq
104
104
104
94
101,0
107,6
104
104
104
104
10%
10t316 10!3i6
11
114
114
llo,8
11&16,
11
1015le
114
114
llo,6
114
114
11'16
114
H7,« 114
1113,6 114
124
127,8
11° 16
Mon Tues Wed
8*6
81»,6
950
11
114
114
124
124
Th.
FrI.
84
815,0
9%
84
83,8
83,6
84
813,8
958
84
84
8«,e
104
104
Middling...
104
FrI.
117,8 114
tl!31H 114
127,8 1 2 4
..$lb.
Good Ordinary ...
Strict Good Ordinary
10
h 8 11
Uhe 114
Sat.
94
101,6
107,6
10
104
TU.
10'
-
81316
104
1014e 1014b 10%
lO»3le 1013lfi
10%
114
1 l %
124
11*4
1158
124
w
107lft
STAINED.
Low
11%
123s
Wed
Ordiu’y. $ Jb
strict Ord..
fl.-Ohe
107,8
lOUie 10%
1015,8
107g
11
111,6
113.6 114
1130
H7,fi
iOl
101$
Midd’g 10he I07ie
Mon Taei
She
9i3lfe 10
103ie 103a
9%
10^8
TEXAS.
Sat.
9
116
ldhe 104
10%
Str.L’w Mid 1058
10l3lsill
104*
Middling... 10%
113,8
Good Mid
1016ig 101&16 n
1 l3ifi
11%
11 *8
Sir. G’d Mid *14
114
lihe 11%
M idd’g Fair 114
12^8
123,fl 12 %
12i0
Fair.:
Low
9Hi6
105,8
911,8 9%
1<J5,r 10%
10%
MARKET AND SALES.
227,413
43,830
week
are
and future deliveries each day during the
indicated in the following statement. For the con¬
of the reader we also add a column which shows at a
venience
glance how the
market closed on same days.
SALES OF SPOT
0,375
25,670
140,888
845 305
575 153
Sat.. Quiet
Dull
Mon
469
114,132
Tues. Dull at
54.059|
89914
159 032
5,212
59 871
SPOT MARKET
CLOSED.
AND TRANSIT.
Con- Spec- Tran¬
sump ul’t'n sit.
Ex¬
port.
86
at i,e ad v.
,
,
....
61
....
'
....
•
.
VV tMl
i,6 adv
....
..
.
Tliurs Stealy
Firm
Frl.
at i,e adv
88
....
20 1
•
•
•
•
591
•
....
410
....
....
Total.
FUTURES.
Sales.
86
80,800
61
88
245
591
410
97,2oo
89.000
Deliv¬
eries.
100
1,400
•
•
••
48,900
68,200
49, LoO
i'oo
1,481 493.200
1,800
200
.
906,702 3,591 ,8j1
451.543
880.749 3 504 080
18.201 ?,‘>00 374
84
339.135
65 S62
3.050
496,550
Mon Tues
Sat.
Mon Tues
Hi he
390,858
1
Includes exports iroiu Port Royal, Jto.
f Includes exports from West Point, &o’
64,145
12,713 40,230 2,256,105 309.02 i
4,8 15
Sat.
May 8,
152,605
14,040
......
517,523
NEW ORLEANS.
UPLANDS.
199.256
35,708
398.500
1,272
13,726
67.66 4
the past week.
each day of
11,099
22,259
51,833
862
12.837
—
3,58)
479,9031
497,842
The total sales
Total.
323,673 1,207.072
700
43,1301
18,224
1,248
1,248
11,112
^Si'ance
nent.
•313240:
1,889
22,550
Conti-
155,798
7.470
600,930 282,403
22,438
20,881
for export, 1,437 for consumption
speculation and — in transit. Of the above, — bales
to arrive.
The following are the official quotations for
1,481 bales, including
1, 1884, to May 8, 1885.
I
104.211
......
15,113
Boston
*
......
......
New York
•Baltimore...
10,059
......
.
......
Savannah
9,120
4,530
......
Florida.
1
333,214
44 for
Exported to —
Exported to—
5.500
3.500
To-day the market was variable and irregular, closing without
essential change from yesterday, but 12@ 15 points above last
were
with other years, we
{give below the totals at leading ports for six seasons.
In order that
:
320
the bulls beginning to refer to the statis¬
tical position, asserting that the invisible supply—namely,
that in the hands of spinners and small dealers—shows a
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
Manchester accounts unsatisfactory and crop reports improved.
93
15,657 4.72^,076
Note;—10,230 bales added in 1884 5, as
1,000
2,674
by a sharp advance,
6,259
50,414
1,952
4,136 | 1.057
3.865 | 16.5 22
None.
15,996
5.416
7,171
6,883
3,917
The
2,450
341,953
7,160
7,430
47,311
7,671
34,445
None.
None.
104,364
...
338,714
6,310
9,267
7,979
811
8,633 4,677.555
Total
578
•
7,971
1,449
2,699
None.
None.
9,344
None.
300
800
Friday. Cotton on the spot advanced l-16c. on Saturday
4.118
again on Tuesday and again on Thursday. To-day the market
was quiet and nominal at 10% c. for middling uplands.
2,953
The total sales for forward delivery for the week are 423,200
bales.
For immediate delivery the total sales foot up this week
2
jSavannah....
Br’sw’^Ac
2,095
595
None.
None.
Stock.
speculation in cotton for future delivery at this market
during the past week has been somewhat fitful, but the pros¬
pect of the maintenance of peace between Great Britain and
Russia caused a general advance in prices during the first half
of the week.
On Wednesday a lower opening was followed
Stock.
Week.
Since
This
Week.
1,626
1,415
of last year.
1883-84.
16,013
None.
Galveston
Norfolk
New York
Other ports
following table showing the week’s
stock to-night,
For comparison, we give the
&otal receipts, the total since Sept.l, 1884, and the
and the same items for the corresponding periods
500
Savannah
8,633
2,333
1,814
None.
4,500
3,000
562
None.
None.
None.
1,061
None.
Total 1884
Total 1883
Foreign
Leaving
Total.
582
None.
300
800
697
320
None.
None.
7,103
Total 1835.
by Messrs. Carey, Yale
Coast¬
wise.
Other
France.
None.
None.
83
....
Great
Bi itain.
New Orleans....
Mobile
Charleston
493
42
6
74
30
16
330
•Galveston
Total.
Fri.
Thurs.
Wed.
Tues.
Mon.
8, at—
use
Shipboard, not cleared—for
On
May
for New York,
We add similar figures
ports named.
which are prepared for our special
& Lambert, 89 Broad Street.
8,633
receipts have reached
4,728,976 bales for the same period of 1883-84,
•decrease since September 1, 1884, of 51,421 bales.
the following
at the
Stales, against 14.746 bales last week, 19,122 bales the previous
week and 23,723 bales three weeks since; making the total
areoeipts since the 1st of September, 1884,4,677,555 bales, against
Sat.
telegrams to-night also give
amounts of cotton on shipboard, not cleared,
In addition to above exports, our
COTTON,
Receipts at—
[Vol. XL.
CHRONICLE
THE
bll
Total.
—
..
-
The dally
r
44
....
above aT*e aotiially delivered
which they are reported.
d ‘liveries given
previous to that on
1.467
tlie day
Prices of Futures are shown by the
The Sales and
ing
follow¬
In the statement will be found the
comprehensive table.
daily market, the prices of sales for each month each day,
the closing bids, in addition to the daily and total sales.
and
cc
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101oit0.
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©©©©
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Id eludes sides in September, 1884, for September, 158,200 ; Septem¬
ber October, lor October, 421,800; September-November, for November,
582 200; September-December, for December, 967,800; BeptemberJanuarv, for January, 2,114,100; September-February, for
O'-i•
Mg^-to©g©
gg
t-*
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for March, 2,294,100; September-April,
M
MW
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H
mm
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the above table, and shall continue each
month. It
week to Kive, the average price of futures each day for each
will be found under each dav following the abbreviation “ Aver. * The
average for each month for the week is also given at bottom of table.
©o’
g©tow©toc
©MgwgwMMtc to
The following
exchanges have been made during the
I *79 pd. to exch. 200 Dec. for Aug,
Mm
WgM©WM<l
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Thursday, 10 80o.; Friday, 10’80o.
May—Tuesday, 10-75 <2>l0*70c.
M M -
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Monday, 10 30c.; Tuesday,
Short Notices for
to M M
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MO'Wg©CjgtO
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Mg*
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10’85c.; Wednesday, 10’90o.;
M
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1,959,200; September-Marcb,
for April, 1,738,500.
mjo i
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Mgto©oi©tog©--gotO'Wto--Mgio
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mwio<iwm<jm
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53,000
513, f>d.
63lfed.
63,bd.
HHicC.
lUlitC.
5l51(d.
51^, d.
10780.
107sc.
2 o-’
0
©tOPtMM W1-*
4
37,000
r-»
c
l i
315,000
60,000
116,534
409,000
M
^
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© © © ©
© M© M
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41,000
364,000
237,000
55,300
120,200
The imports into Continental ports this week have been
48,000 bales.
The above figures indicate a decrease in the cotton m sight
to-night of 385,21? bales as compared with the same date of
1884, a decrease of ,597,329 bales as compared with the corres¬
ponding date of 1883 and a decrease of 361,922 bales as
compared with 1882.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1883-84—is set out in detail in the following statement:
to
w w
O
7,000
,
Liverpool. - -.
New York
©g
®
to to
© -J
3.300
2.342,104 2,727,321 2,939,433 :
PriceMid. Upb,
Price Mid. Upl.,
g
®
^
110,943
764,500
877,500
555,900
1,786,204 1,849,921 2,174,933
©M©
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186,000
70,000
122,500
352,000
Egypt, Brazil, «tec., afloat
1
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99
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to
MVl
99S9
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99
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99©©
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292,000
29,000
99,900
.
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234,000
.
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351,000
517,249
.
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5,500
531,249
72.072
—
.
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75,424
6,500
622,000
100,000
677,000
216,000
574,000
564,219
131,214
12,500
752,000
317,000
172,000
to-day.
East Indian, Brazil, d.c
©9 5
abob 2
©©to'1
1 &to;
00
to to
©M
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09
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53,000
517,249
110,943
3,300
1,786,204 1,849,821 2,174,933
g
go
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cow
409,000
351,000
■
2
*
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coco
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United States exports
►* (X)
to if*
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to
99
ww
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12.500
760.000
274,000
150,000
520.280
.
1 ©r*:
go
^
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.
x co©©
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09
CONOCO
^09
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131,214
5,500
6,500
American—
^
99
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L>
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2
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%
7.000
520,230
75,424.
Liverpool stock.
bale£5
Continental stocks
American afloat for Europe...
co
©O©
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coco
'
^
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09
72,072
172,000
150,000
Total visible supply
2,312,101 2,727,321 2,939,433 2,707,02ft
Of the above, the totals of American and other descriptions are as follows:
I
M M tO
©
W W
J
4
41,000
531,249
315,000
574,000
37,000
564,219
352,000
186,000
Egypt, Brazil,&e. ,aflt for E’r’pe
216,534
336,200
1,553,500 1,305,500 1,262,534
.
8tock in United States ports ..
Stock in U. S. interior towns..
United States exports to-day..
>.
©©
gg
0TQC
t
MM
©O©©
oo©o
ogo
MHvjH
>
© M
Cl
So.
O
HM51M
g
t 9
-4
M
co©©
if* <x>
't g
)pt
India cotton afloat for Europe.
Amer’n cott’u afloat for Eur’pe
986,000
60,000
969,300 1,046,009
2,200
3,800
44,800
27,900
33,000
18,900
281
2,400
3,300
1,900
138,000
120,000
2,650
7,300
32,100
84,000
9.000
5,000
9,700
5,603
439,500
373,900
1892.
1883.
914,000
55.300
Total Great Britain stock .1,023,000 1,114,000
3,000
5,400
Stock at Hamburg
49,300
71,600
Stock at Bremen
49,000
48,000
Stock at Amsterdam
400
1,000
Stock at Rotterdam
900
800
Stock at Antwerp
233,000
176,000
Stock at Havre
5,000
5,000
Stock at Marseilles
60,000
75,000’
Stock at Barcelona
10,000
8,000
Stock at Genoa
6,000
6,000
Stock at Trieste
Total Continental stocks
OO5O
go
^1
«
&
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this week’s returns,
70,000
29,000
.
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£*£tc
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are
1884.
1885.
994,000 1,044,000
.
i
afloat,
consequently all the European figures are brought down,
to Thursday evening.
But to make the totals the complete
figures for to-night (May 8), we add the item of exepo rts from
the United States, including in it the exports of Fri da5
ay only.
!
Ot
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those for Great Britain and the
and
8°
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as
*
rt
§
:
|SS|
telegraph, is
,
o -4
co©o
ODCoO oo
oo
i
m
© M
MMyH
mm
«•
oa&s
to-night, as made up by cable
follows. The Continental stocks, as well as
The Visible Supply of Cotton
and
“
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CB -
573
THE CHRONICLE.
May 9, 1885.]
This year’s
toto
wgww
Sg.lǤsgssg s^ssssasl
estimated.
totals show that
tigurea
The above
j
gb'MgMorki
decreased during the week
.
the old interior
5,913 bales, and are
stocks have
tonight 3,3o3
CHRONICLE.
THE
574
rvou xu
the week, and the crop is developing promisingly. Planters
period last year. The receipts at are giving increased land to cotton this year. The ther¬
Hie same towns have been 2,554 bales less than the same mometer has ranged from 50 to 89, averaging 70.
week last year, and since September 1 the receipts at ail the
Columbia, Texas,—It has been showery on one day of the
towns are 234,45*3 bales less than for the same time in 1883-84. week, the rainfall reaching seven hundredths of an inch. The
Quotations for Middling Cotton at Other Markets.—- crop is developing promisingly. The thermometer has aver-,
Ih the table bolow we give the closing quotations of middling aged 74, ranging from 51 to 90.
cotton at Southern and other principal cotton markets for each
Brenham, Texas.—The weather has been warm and dry all
week.
The crop development is very satisfactory.
the
Hay of the past week.
Farmers are putting increased land in cotton, as well as com,
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
Week ending
this year. Average thermometer 75, highest 89 and lowest 54.
Fri.
Thurs.
Mag 3.
Wednes.
Tues.
Mon.
Satur.
Belton, Texas.—We have had warm and dry weather all
week. Corn looks promising. Increased land is being
the
10k
10k
107ie
107lQ
103,6
lp*4
Galveston
103a
10k
10
k
1038
10kQ
given to cotton this year, and planting is almost completed.
Kew Orleans.
105ie
10ol6
1050
iok
10k
The thermometer has averaged 74, the highest being 92 and
103lQ
Mobile
10k
10k
10 k
bales more
-
than at the same
- -
10k
1038
iok
10 ^9
10k
10k
10k
10 k
1078
I07s
1078
lok
11
1 Oh}
10k
10k
11
li
1< 3 £
103 6
Gt. Louis
10k
Cincinnati...
10^8
10k
1050
10»i6
l‘!bts
1058
4*onisville
103s
10k
lok
103e
Gavannah.
Charleston..
Wilmington..
Norfolk
Bwton
..
10q
10*4
Baltimore...
Bhiladelphia.
Augusta
Memphis
....
10® 18
1038
10k
109,6
iok
10 k
n
10k ft 5s
1050
103a
103,6
105«
I Ok
10k
10 k
1030
10*4
10016
1078
10k a 78
10916
11
10^0
11
ll
105s
iok
1030
1030
10k
10k
10k
10k<®5g
1030
1038
the lowest
60.
Weatherford, Texas.—The weather has been warm and
dry all the week. Farmers are giving increased land to
about finished. The ther¬
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 approaches completion. The ther¬
mometer has ranged from 45 to 87, averaging 66.
co'.ton this year and planting is
mometer has averaged 65, ranging
Receipts from the Plantations.—The following table is
New Orleans, Louisiana.—It has rained on three days of
prepared for the purpose of indicating the actual movement each the week, the rainfall reaching one inch and twenty-three
week from the plantations. Receipts at the outports are some- hundredths. The thermometer has averaged 72.
limes misleading, as they are made up more largely one year
Shreveport, Louisiana.—Rainfall for the week, twenty-five
than another at the expense of the interior stocks. We reach,
hundredths of an inch. Average thermometer 70, highest 86
therefore, a safer conclusion through a comparative statement and lowest 56.
like the following. In reply to frequent inquiries we will add
Meridian, Mississippi.—Telegram not received.
that these figures, of course, do not include overland receipts
Columbus, Mississippi.—We have had rain on one day of
car Southern consumption; they are simply a statement of the
the week. The thermometer has ranged from 50 to 84, aver¬
weekly movement from the plantations of that part of the crop aging 67.
which finally reaches the market through the outports.
Leland, Mississippi.—It was cloudy on Wednesday, on
RECEIPTS FROM PLANTATIONS.
Thursday we had rain, and to-day is cloudy and cool. The
rainfall reached seventeen hundredths of an inch. Average
Week
Receipts at the Ports. SVk at Interior Towns}Rec'pis from PlanVns.
thermometer 56, highest 80 and lowest 49.
1885.
Wndiw—
1884.
1883.
1884. ! 1885.
1883.
1883. (■ 1884. | ias5.
Little Rock, Arkansas.—The weather has been cloudy on
32,510
three days of the week, with rain on two, the rainfall reach¬
134,449 65,013! 54,324 321,424 251,450 234.23 L 120,070 51,394
f*b. 20
M
27
3k*. 0
-
13
U
20
M
27
April 3
14
10
M
17
M
24
May
1......
50.312 308,417 227,205 210,482 122,314
49,302
32,503
205,477 199,179 121,030
50,800
184,414 181,132 103,733
42,531
160,809 170,155 87,835
32,885
141,230 158.175 74,024
80,999' 52,884! 28,810
125,394 144.99S 03,889
257,152
37,091
28,111
78,70S!
55,244
72,935 30,113 21,808 239.401 110,008 128,900
00,527. 80.274 23.723 213,029 98.900 117,823 40,095
40,9:32
28,813
19,030
33,311
39,563
21.249
14,934
14,787
19,160
12,757
12,003
14,083
5,710
12,040
8,282
j
135,321 76,487
124,820- 68,720
111,881 49,876
105,062 42,035!
304,021
297,173
279,940
206,971
59,244: 20, 23 19,122 189,806
48,701 20,053! 14.740 101.383
50.575 15.057' 8,633 '47,942
90,7H41100,983
82,H09| 88.328
81.235! 81.923
30,021
23,338
24,534
21,908
16,830
......
fall in
ing fifty-four hundredths of an inch. We have had a
temperature of fifteen degrees in the past twenty-four hours,
making it quite cool for May. The thermometer has averaged
64, the highest being 79 and the lowest 45.
Arkansas.—It has been showery on two days of
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
crops.
The thermometer has averaged 61, ranging from 46
(this morning) to 76.
Helena,
week.
the
Tennessee.—We have had rain on four days,
morning, the rainfall reaching one inch
Wednesday
The above statement snows—1. That the total receipts from
and ninety-three hundredths.
At the close of the week the
the plantations since September 1, 1884, were 4,742.263 bales; weather has turned very cool, and it is feared damage will be
in 1883-84 were 4,761,055 bales: in 1882-83 were 5,842,702 bales.
done to young cotton. The thermometer has ranged from 49
2.—That, although the receipts at the outports the past week to
80*5, averaging 64.
were 8,633 bales, the actual
movement from plantations was
Nashville, Tennessee.—The days have been warm, but the
31228 bales, the balance being taken from the stocks at nights cool during the week, with rain on two days. The
the interior towns. Last year the receipts from the plantations rainfall reached eighty-five hundredths of an inch. Of the
for the same week were 14,083 bales and for 1883 they were
receipts this week 164 bals are from Memphis, 100 bales from
31,134 bales.
Aberdeen, and 41 bales from New Orleans. Average ther¬
Amount of Cotton in Sight May 8.—In the table below mometer 64, highest 81 and lowest 45.
we give the receipts from plantations in another form, and add
Mobile, Alabama.—With the exception of one very light
to them the net overland movement to May 1, and also the rain, the weather has been warm and dry all the week.
The
takings by Southern spinners to the same date, so as to give crop is developing promisingly and the cotton plant looks
substantially the amount of cotton now in sight.
strong and healthy. The thermometer has averaged 71, the
highest being 86 and the lowest 58.
1884-85.
1883-84. 1882-83. | 1831-82.
Montgomery, Alabama.—We had showers on three days in
Weceipts at the ports to May 8. 4,077,5o5 4,728.970 5,711,245 4,492,046 the early part of the week, but the latter portion has been
interior stocks on May b in
82,205 clear and pleasant. The rainfall reached thirty-one hun¬
131,457
32,079
61,708
"Skcess of September 1
dredths of an inch. Planting makes good progress, and is.
about completed in this neighborhood.
Most farmers say that
Tot. receipts from planta’tns 4,74 >,2C3 4,761,055 5,842,702 4,574,2 si
422,6J0
599,8^ 2
57 8,71b
546,72“
Bet overland to May l
they
have
secured
a
good
stand
of
cotton,
and everything
210,000
239.0O0
275,000
264,000
Southern consumpt’n to May 1
looks very promising. The thermometer has averaged 69,
5,.e5.),9SL 5.571,781 6,717,56l|5,206.881 ranging from 56 to 83.
Total in sight May 8
Selma, Alabama.—It has rained on two days of the week,
l
Jforthern spinners’ takings to
We
1,233.696 1,<11,967 1,577,907 1,127,172 the rainfall reaching ninety-five hundredths of an inch.
MjivH
are having fine weather for the growing plant.
The ther¬
mometer has ranged from 55 to 80, averaging 69.
It will bo seen by the above that the decrease in amount in sig?t
o-niffht. as compared with last year, is ll.SoO bales, the decre.ase
Auburn, Alabama.—We have had showers on two days of
1882-3 ia 1,157,583 bales, and the increase over 1881-2 is 353,100
the week, the rainfall reaching one inch and twenty hun¬
hales.
dredths. Planting about completed. Average thermometer
Weather Reports by Telegraph.—The weather has been
67, highest 79 and lowest 52.
very favorable in nearly all sections of the South during the
Madison, Florida.—It has rained on one day of the week,
week, and the crop is in consequence developing very promis¬ the rainfall reaching seventeen hundredths of an inch. The
ingly. Planting is generally approaching completion.
thermometer has averaged 71, the highest being 86 and the
Galveston Texas.—It has been showery on two days of the
lowest 56.
week, the rainfall reaching forty-six hundredths of an inch.
Macon, Georgia.—We have had rain on two days of the
The thermomt ter has ranged from 69 to 83, averaging 76.
werk. Ranting is about completed. The thermometer has
Indianola, Texas.—We have had sprinkles on two days of averaged 68, ranging from 55 to 83.
the week, the rainfall reaching only three hundredths of an
Columbus, Georgia.— It has rained slightly on one day of
xqcli. Crops look promising. Average thermometer 74, high¬ the week, the rainfall reaching seventeen hundredths of an
est 92 and lowest 65.
inch. The thermometer has ranged from 59 to 80, averaging 70.
Palestine, Texas.—We have had one drizzle during the
Savannah, Georgia.—We have had rain on three days and
week, the rainfall reaching three hundredths of an inch. the remainder of the week has been pleasant. The rainfall
Planting is about completed in this neighborhood. The ther¬ reached forty hundredths of an inch. Average thermometer
mometer has averaged 68, the highest being 81 and the low¬
72, highest 83 and lowest 59.
est 57.
Augusta, Georgia.—We had rain on three days in the early
Huntsville, Texas.—-The weather has been warm and dry
part
of the week, but the latter portion has been clear and
all the week.
Young crops are doing well. The thermometer
pleasant.
The rainfall reached one inch and sixty-six hun¬
has averaged 72, ranging from 59 to 87.
The rain was very beneficial to the crops, of
dredths.
]ILuling, Texas.—We have had warm and dry weather all
-
8
34.134
2.228
Memphis,
heavy on
mm
May 9,
THE
1885.]
which accounts are good.
CHRONICLE
The thermometer has averaged 68,
575
Alexandria, Egypt,
May 6.
1884-35.
1882-8S.
1883-81.
being 85 and the lowest 50.
Atlanta, Georgia.—It has rained on two days of the week, Receipts icantars*)—
This week....
3.000
6,000
3,000
the rainfall reaching one inch and twenty-six hundredths.
Since Sept. 1
3,584,000
2,627.000
2,240,000
Weather fine for crops. The thermometer has averaged 66,
This
Since
This
Since
This
Since
ranging from 49 to 82.
week. Sept. 1.
week. Sept. 1.
week. Sept. 1.
Charleston, South Carolina.—We have had rain on two
days of the week, the rainfall reaching seventeen hundredths Exports (bales)—
of an inch. The thermometer has ranged from 60 to 84,
To Liverpool
2,000 294,000
1,000 242,000
1,000 226,000
To Continent
4,000 182.000
6,000 128,000
1,000 81,000
averaging 71.
Columbia, South Carolina.—Telegram not received.
Total Europe
6,eOO 476,000
7,000 370,000
2,000 307.000
Stateburg, South Carolina.—It has rained heavily on two
A oantar is 98 lbs.
days of the week, and we had some hail with Friday’s rain.
This statement shows that the receipts for the week ending
The rainfall reached one inch and sixty-four hundredths. The
crop is developing promisingly. The thermometer has aver¬ May 6 were 6,000 cantars and the shipments to all Europe
6,000 bales.
aged 69*3, the highest being 81 and the lowest 50.
Wilson, North Carolina.—It has rained on four days of the
Manchester Market.—Our report received from Manchester
week, the rainfall reaching one inch and fifteen hundredths.
to-night states that the market is flat. We give the prices
Planting is about completed in this neighborhood. The ther¬ for to-day
below, and leave previous weeks’ prices for com¬
mometer has averaged 67, ranging from 48 to 80.
the highest
*
4581
Th9
following statement we have also received by telegraph,
parison.
ghowing the height of the rivers at the points named at 3 o’clock
May 7, 1885, and May 8, 1884.
New Orleans
....
Below
high-water mark
Memphis
Nashville
Shreveport
Vioksbnrg
....Above low-water mark.
May 7, '85.
May 8. '84.
Feel.
2
26
5
27
40
Feei.
1
23
Inch.
6
2
8
9
6
Inch.
7
4
10
7
9
9
29
45
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 6-lOths of a foot
above 1871, or 16 feet above low-water mark at that point.
India Cotton
Movement
prom
all
Ports.
—
We have
our India service so as to make our reports more
detailed and at the same time more accurate. We nad found
re-arranged
impossible to keep out of our figures, as cabled to us for the
ports other than Bombay, cargoes which proved only to be
shipments from one India port to another. The plan now
followed relieves us from the danger of this inaccuracy and
keeps the totals correct. We first give the Bombay statement
for the week and year, bringing the figures down to May 7.
it
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Ship aunts this week
Conti¬
Brit’n. nent.
Year Great
1885 18,000 32,000
1334 21 000 24,000
1983 26.000 47,000
1882 13.000 23.000
Shipment« since Jan. 1.
Great
Total. Britain
Conti¬
nent.
Total.
Receipts.
This
Week.
Since
Jan. 1.
619,000
50,000 129,000 286,000
415,000 57,000
43,00 > 329,000 445,000
T3,0u0 280,000 5U.000
36.0 10 531.00O 331,000
774.000 73.000 1,034,000
811.000 73.000 1.135,000
961,000 72.000 1.138,000
According to the foregoing, Bombay appears to show a
compared with last year in the week’s receipts of
16,000 bales, and an increase in shipments of 5,000 bale9, and
the shipments since January 1 shew a decrease of 359,000 bales.
The movement at Calcutta Madras and other India ports for
the last reported week and since the 1st of January, for two
years, has been a3 follows.
“Other ports” cover Ceylon,
decrease
1885.
32* Oop.
Twist.
d.
4.
Mch. 6 84 ®87a
“
13 a1! @83*
“
20
27
R3|(j @83*
8H*@83*
Apr. 3 83|k@33*
10 8310 @8^
17 3*10^8^
24 83lb@83*
May 1 8*10*8^1
8 StjA 4 8*0
“
“
“
“
1884.
OotVn
8H tbs.
Shirtings.
s.
5
5
5
5
5
5
5
5
5
5
d.
6
5
5
6
6
6
6
6
6
6
s.
96
@6
96
Opt IS
4
61j0
9
9
5loitt
6
6
6
6
9.6 10
96 10
9610
96 10
96 10
@6 10
-*0 10
Bombay, April 3,
d.
2*9
2i*
2i*
31*
5*8
578
4
6*8
101**7
41*
11
5
Si16
51*
51*
2i16
6*8
3
63,0
d.
89j0@
7
7
8»s 9 9i4
8% 9 9*4
7^97
9*fl*7
31*10*95,(5
97
97
97
im®7
87s a 93s
101* *7
Milrt 8*h 9 9*4
J* 91* 5
8i* »7
5‘5iq
578
gave
Cplds
d.
fl.
6**@7
51516 87s *938
East India Crop.—Messrs.
dated
Shirtings.
<t.
d.
81* 9 9
81* 9 9
d.
91*
OotVn
Mid.
8 k lbs.
32* Cop.
Iwisx.
Mid.
5!6ie
6
Gaddum, Bythell & Co.’s report,
the following:
“
Receipts in the Berar markets have been decreasing and quality lias
shall see a steady
reliable, and it is
quite possible that arrivals will continue to come in as they did last year.
From the Dhollera districts we have as yet seen very little new cotton,
but what has arrived is of good quality. In some of the districts picking
lias, for want of permission from the authorities, not commenced, ana
gin dng, it is said, will be stopped on the 16th May by order of the same
authorities. If these orders should be persisted in, only a short time
will be allowed to bring the crop to market, and much must remain in
the country until after the rains.
The supplies of Broach have been more liberal, and the cotton has
been of very tine qualify, excepting a good deal of native-presided cot ton,
which had been adulterated with cheap cotton from districts other than
Broach. New saw-ginned is arriving in small quantities, and is of good
quality. Bengals keep coming in pretty freely, but much of the ootton
is very low in quality.”
been falling off. There are reports cun to t tha we
decrease in supplies, but such reports are not very
The Canadian Cotton Trade.—A dispatch to
York Times, dated Montreal, May 7, says :
the New
“
A general
of stock has
revival is reported in the cotton trade. The accumulation
been almost entirely worked off, and there is a large
demand for goods. Most of the mills have been obliged to iuerease the
number of their hands, and are working full time.
Tne late depiession
has driven operatives to other puiauits, and it is very difficult to gel
skilled hands, especially weavers.”
Jute Butts, Bagoing, &c.—There is a good inquiry for
bagging, and orders are becoming more plenty. Bayers are
Tuticorin, Kurrachee and Coconada.
increasing their limits, and increase! parcels are being placed.
Some business has been done in all grades, the market
Shipments since January 1.
Shipments for the week.
showing rather m >re steadiness. We hear of sales of 1,030
rolls, various weights, at full figures, and sellers are not dis¬
Great
Conti¬
Great
Total.
Continent.
Total.
posed to accept less on the parcels moving, though an offer for
Britain.
nent.
Britain.
aqumtitya shade less would buy. At the close the figures
Calcutta—
are 9c.
for
lbs., 9}£o. for \.% lbs., 10^c. for 2 lbs. and
49.500
3 500
500
11,500
4,000
61,000 11c. for standard
1885
grades. A better demand is also reported
124,000
33,000
86,000
1884
4,000
4,000
for butts, and the market is firm.
There have been sales of
Madras—
4,000 some 5,000 bales various grades at 1 15-lG@2c. for paper and
4,000
1885
500
17,690
”500
13,000
4,600
1884
for bagging, and these figures are quoted at the
All others—
close.
The
stock on hand and afloat gives a visible supply of
COO
37.600
600
20,500
17,VO
1885
3.0 >0
16.500
189 000bales, as against 224,000 tales same timelascyear, with
13.500
25.000 bales taken on spot and to arrive curing the past month
Total allat
l%@2>£c. as to quality.
32.000
500
102,600
70,600
4,600
4,100
45 600
4,500
112,500
159,100
1884
4,500
Comparative Port Receipts and Daily Crop Movement.
—A comparis on of the port movement by weeks is not accurate,
The above totals for the week show that the movement from
the ports other than Bombay is 100 bales more than same as the weeks in different years do not end on the same day of
the month.
We have consequently added to our other standing
week last year. For the whole of India, therefore, the total
tables a daily and monthly statement, that the reader may
shipments since January 1, 1885, and for the corresponding
constantly have before him the data for seeing the exact relative
periods of the two previous years, are as follows:
movement
for
the years named.
The movement since
EXPORTS TO EUROPE FROM ALL INDIA.
September 1, 1884, and in previous years, has been as follows:
.
1885.
Shipments
to
ail Europe
from—
Bombay
All other ports.
Total
1883.
1884.
This
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
50,000
4,600
415,000
45.0 >0
102 GO >
4,500
774.000
159.100
51,600
517.600
49.500
932 1 M)
This
week.
73,000
Since
Jan. 1.
811,000
78.200
73.000
899.200
Shipments.—Through arrange¬
with Messrs. Davies, Benachi & Co., 01
Alexandria, we now receive a weekly cable of
ments we have made
Liverpool and
the movements of cotton at Alexandria,
are the receipts and shipments for the
Egypt. The following
past week and for the
corresponding week of the previous two years*
Receipts.
iept'mb’r
1884-85
345,445
1883-34.
343,812
October.. 1,090.385 1,046.092
This last statement affords a very interesting comparison of
the total movement for the three years at all India ports.
Alexandria Receipts and
Year
Monthly
Beginning September .1.
1832-83.
853,195
385,939
595,598
March...
261,149
163,503
241,514
482.772
April....
If 3,375
111,755
231,519
Pero'tage of tot. port
receipts April 30..
458,47f
903,31 ~
974,047* 1.006,501
996,807 1,020,802
487,727
571,701
291,992
572,72257,091
476,59r147,595 284,246
429.777
980,594
^ovemb’r 1,122,164 1,030,380 1,094.697
Total year 1 666,289
4,706,873 5,630,189 4,438 23
9701
1830-81.
320,65
Oeoemb’r 1,10.,211 1,059,653 1,112,536
752,827
487.729
475,757
January
February.
1991-82
93*53
9402
*
1879-80
333,613
898,492
942,272
956,401
647,140
447,918
264,913
158,025
5,359,352 4,638,867
91*23
92 74
THE CHRONICLE.
57 ft
April 30 the receipts at the
This (Statement shows that up to
ports this year were
40,584 bales less than in 1883-84 and
963,900 bales less than at the same time in 1882-83. By adding
to the above totals to April 30 the daily receipts since
that time, we shall be able to reach an exact comparison of
the movement for the different years:
give all news received to date of disasters to vessels*
carrying cotton from United States ports, &c.:
Below
we
Tot.Ap.30 4,666,289 4,706,873 5,630,189 4,433 235 5,359,356 4,038,867
8.
3,391
2 633
6,634
5,284
2,602
May 1....
8.
“
11,062
6,013
5,531
3,841
2....
1,217
“
4,612
7,496
7,363
3,235
S.
3....
1,548
“
4,633
7,317
8.
3,916
990
10,953
4...
“
4,696
4,854
9,482
7,431
1.591
3,384
5....
“
6....
658
“
7....
1,814
“
8....
2,333
6,798
3,759
8.
2,992
1,257
1,995
-
4.366
8.
5,102
4.017
4,282
6,174
8.
8,237
9,368
4,677,555 4,724,495 5,685,709 4,475,020 5,403,057 4,668,894
Total
Percentage of total
Note
94-46
97-40
portrec'pts May 8.
10,236 bales added as conection of
—
9335
91-97
94-81
New Orleans for
Materials, hull of
portion of the badly damaged cargo were sold by
bales, from the wreck of ship Caledonia, from
Havre, has been landed at Nassau, and stored.
ship and a
auction
April 17.
on
freights the past week have been as follows:
1879-80.
1880-81
1881-82.
1832-83.
1883-34.
of cotton, with the exception of about 100’
Caledonia, ship.—The cargo
Cotton
1894-85.
[Vol. XL.
previous receipts in 1881-5.
Sutur.
Mon.
h)*
*8*
18*
....
....
932*
932*
932*
....
....
38*
8s*
Liverpool, steam d.
Do
sail...#.
.
Havre, steam—c.
sail
Do
c.
Biemen, steam..c.
Do
sail
c.
Hamburg, steam.c.
sail—c.
Do
Thurs.
Frx.
ig*
*8*
18*
....
....
932*
932*
~
3s*
....
932*
....
....
.
38*
38*
38*
•
...
....
....
....
....
....
932*
932*
932*
9S2*
932*
932*
*
-
-
....
....
45t
451
....
732®14*
....
732 ®*4* 732®H*
932*
932*
932*
932*
932*
932*
.....
m m
....
^32^ *4* 732® V
d. 732®H'
m
45 f
45t
....
Barcelona,steam.c.
w
..#
.
-
45t
451
sail...c.
Reval, steam
Wednes
....
....
Amst’d’m, steam.c.
Do
Tues.
V
V
hi"
V
V
the receipts since Sept. 1 up to Genoa, steam—c.
12®9lfi’' 12 3|918*
to-night are now 46,940 bales less than they were to the same Trieste, steam...c.
932*
932*
932*
932*
932*
932x
day of the month in 1884 and 1,008,154 bales less than they were Antwerp, steam..c.
to the same day of the month in 1883.
We add to the table
Compressed.
t Per 100 lbs.
he percentages of total port receipts which had been received
Liverpool.—By cable from Liverpool, we have the following
to May 8 in each of the years named.
statement of the week’s sales, stocks, &c., at that port. We
Overland Movement, &c., to May 1.—In our editoria
add previous weeks for comparison.
columns to-day will be found our regular statement of
This statement shows that
*
overland movement,
brought down to May 1.
The Following are the Gross Receipts of Cotton at
New York, Boston, Philadelphia and Baltimore for the past
week, and since September 1. 1884.
■
Since
This
Since
This
Since
'This
Since
week.
Sept. 1.
we-ek.
Sept. 1.
week.
Sept. 1.
week.
Sept. 1.
9.501
271.296
Texas
1,192
216,867
3,503
205,483
1,E91
21,128
Mnhilo
.
..
..
14
So. Carolina..
Nn. Carolina..
657
Virginia
North’n ports
Tennessee,Jkc
Foreign
201
This year...
BALTIMORE.
This
New Orleans.
8avannah
Philadelph’a
Boston.
New York.
Receipts
from.—
•
9,444
•
1,880
•
•
••••••
.
49,961
9,764
880
51,502
11,601
15
15,165
23
17,652
200
30,472
142
77,238
504
46,513
500
33,500
857
98,410
1,560
195,863
153
14,519
806
8,986
117,894
23,3&a
193,220
131
•
••••«•
631
12,504
71,650
4 666
3(9
70,856
07,332
5,438
825
130,318
56
243
14,582 1,129,103
3,701
368,511
'
83
210
7.0>5
Last yei'r.
9,469
1.051,580
404,350
3,984
101,893
3,938
207,612
exports of cotton from the United
week, as per latest mail returns, have reached
34,857 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York we
Shipping News.—The
States the past
include the manifests of all vessels cleared up to
night of this week.
Thursday
Total bales.
Liverpool, per steamers Aurania, 1.711
City of Rome,
Britannic, 1,502
City of Cheater, 1,015
981
Donat), 919
Olbers, 1,513
Saturnina, 881
New York—To
To Ha vie. per steamer St Lament, 137
To Biemen, per steamer Elbe. 102
To Hamburg, per steamer Wit-land, 350
To Amsterdam, per steamer Edam, 475
To Antwerp, per steamer Rliyulaud, 197
To Genoa, per steamer Alesia, 55 >
To Naples, per steamer Alesia. 1,000
New Orleans—To Liverpool, per steamers Historian,
To Barcelona, per bark Altagracia. 600
Charleston—To Liverpool, per bark Paul, 1,124
Boston—l o Liverpool, per steamers Ceplialonia, 551
Palestine. t>99
1,034
form,
600
2,284
441
400
particulars of these shipments, arranged in our usual
follows:
are as
Bremen Amstcr-
<£ Ham-
Liver-
pool.
New York.
N. Orleans.
Charleston.
Boston
Pliiladelp’a
15,113
11,784
1,124
Havre,
437
dam <£• Baree-
burg. Anlic'p. Iona. Genoa. Naples. Total.
672
452
550 1,000 18,224
600
12,384
1.124
For
..
30,746
437
....
pee.&exp.
Snlerno—May 5—Hark Sansone. 2,200.
5—
#
For Biemen —May 0-Steamer Ameiica, 913.
Philadii i hi a—For Liverpool—April 30—steamer
May 6—Steamer British Crown, 309.
Wednes.
Good
In buyers’
demand.
favor.
13,000
144,000
72,000
T/iursd’y.
(
12:30 p.m.
$
Market,
([
4
P. M.
578
5l°ia
5toj6
5i;hg
5^10
6
G
10 000
12 090
10,000
8.000
2,000
2,000
2,000
1,000
Steady.
Firm.
Firm.
Barely
steady.
The
supported
5l5l6
6
6
7,000
7,000
1,000
Steady
500
at
DtflL
3-64 ad¬
vance.
Quiet
Barely
steady.
Quiet.
Firm.
\
Barely
Firm.
Futures.
Market,
Friday.
51»is
534
Mid. Upl’ds
Mid. OrTna.
Sales
Firm.
Harden’g.
DUt
Weak.
Steady.
steady.
opening, highest, lowest and closing prices of futures at
week are given below. These
the basis of Uplands, Low Middling clause, unless
Liverpool for each day of the
are on
13F’ The prises are given in pence and Glths, (has:
6 3-6 id.
Lord Gough 939
4—
5 62 means
5 62-6-id., and 6 03 means
May 2.
8at.
Open High Low. Clos.
Mon., May 4.
Tues., May 5.
Open High Low. Clos.
Open High Low. Clot.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
May..
550
5 50
5 50
550
5 54
5 51
5 54
5 54
558
5 58
5 57
May-June..
.
d
5 57
5 50
5 50
5 50
550
554
5 54
5 54
554
5 59
558
5 57
5 57
June-July.. 5 55
5 55
5 55
5 55
5 59
5 59
5 59
5 59
5 63
5 63
5 01
5 01
July-Aug... 5 59
Aug.-Sept... 000
September..
5 59
5 59
5 59
5 63
5 63
5 62
5 02
6 03
6 03
0 01
6 01
6 00
6 00
600
6 03
6 03
6 02
6 02
6 07
6 07
6 05
605
Sept.-Oct...
5 61
5 61
5 61
561
5 03
Oct.-Nov...
5 51
5 51
551
551
Nov.-Dee...
5 43
5 48
5 48
5 48
MM
Deo.-Jan....
....
....
...
....
....
....
..
....
5 53
5 57
5 57
5 55
555
550
5 50
5 54
5 54
5 52
5 52
5 54
5 51
5 52
5 53
554
5 51
5 51
.
.
.
.
....
....
...■'.
•
•
..
.
....
«...
....
....
....
,,,,
....
Feb.-March
...
....
....
....
...
....
....
....
....
•
•
•
•
.
.
....
553
5 54
•
•
«
.
•
0 01
6 01
0 03
.
.
....
6 03
5 63
....
...
....
563
5 63
Jan.-Feb....
.
-
..
.
...
....
....
....
W«<lnes. , May 6.
Thnrs., May 7.
Frl., May 8.
Open High Low. Clos.
Open High Low. Clos.
Open High Low. Clos.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
5 54
5 55
5 54
5 55
5 53
5 53
5 56
5 50
5 55
5 55
555
5 55
May-June.. .5 54
5 55
5 54
5 55
5 58
5 58
5 56
5 56
5 55
5 55
5 55
5 55
5 5S
5 59
5 58
5 59
5 02
5 02
5 60
5 00
5 59
5 59
5 59
5 59
5 62
5 63
5 62
5 63
5 02
6 02
600
000
5 03
6 00
5 63
6 00
6 03
6 02
6 03
6 06
0 06
6 04
6 04
6 03
0 04
6 03
6 04
452
Wilmington—For Liverpool—May 5-Bark Susan L. Campbell, 625.
Boston
For Liverpool—May 1—Steamer Bothnia, 189
May
Steamer Borderer, 1,083.
Baltimore—For Liverpool—May 1—Steamer Nessmore, 3S5
May
Strainer Nova Scotian. 1.504
(
841
400
1,072
550 1,000 34,857
600
Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing our data down to
the latest dates:
NEwr Ori eans—For Havre—May 2-Ship He Martha, 4,530.
For Br« men—May 2—Steamer La Gaule, 2,596.
Total
Market,
12:30 p.m. )
2,284
2,284
44 L
*
Tuesday.
Saturday Monday.
Spot.
197
550
1,000
34,857
Total
The
44,000
5,000
13,000
994,000
760,000
39,000
otherwise stated.
1,124
Philadelphia—To Liverpool, per steamer British Prince, 441..
To Antw erp, per steamer Nederland, 400
33.000
5,000
3,000
2,000
The tone of the Liverpool market for spots and futures each
day of the week ending May 8, and the daily closing prices
of spot cotton, have been as follows:
350
475
Iberian,
5,000
12.000
1,024,000
Total stock—Estimated
797,000
Of which Americau—Estim’d
53,000
Total import of the week
40,000
Of which American
164,000
Amount afloat
100,000
Of which American
prices
437
102
2,592
55,000
45,000
48,00(
8,000
3,00(
1,000
38,000
36,000
5,000
6,000
10,000
11,000
1,024,000 1,023,000
800,000
798,000
51,000
62,000
45,000
43,000
138,000
140,000
76,000
65,000
43,000
Sales of tlie week
bales.
Of which exporters took ....
Of which -speculators took..
Sales American
Actual export
Forwarded
May 8.
May 1.
April 17. April 24.
receipts, exports, spinners’ takings, &c.,
May
June-July..
July-Aug...
Aug.-Sept... 6 02
....
....
September..
5 03
Sept.-Oct..
5 63
5 63
5 63
6 02
0 02
6 00
6 00
5 63
0 00
5 63
6 00
Oct.-Nov....
5 54
554
5 51
5 54
5 50
5 56
5 54
5 54
553
5 54
5 53
554
Nov.-Dee...
5 51
5 51
5 51
5 51
5 54
5 54
5 52
5 52
5 51
5 51
5 51
5 51
Dec.-Jan
5 51
5 51
5 51
5 51
554
554
5 52
5 52
5 51
5 51
5 51
5 51
....
...
....
Jan.-Feb....
Feb.. March.
....
....
....
.
.
•
.
«
....
,
...
...
....
•
....
....
....
....
•
•
•
•
•
•
•
....
..
.
.
....
....
....
....
l(#.
....
....
....
....
....
•
•••
May 9,
8, 1885.
unsettled in tone
for the week under review, and yet no important changes in
prices have taken place. The decline in wheat caused buyers
to hold 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 improve^
ment in wheat, which took place late, had no material effect
in enhancing the prices of flour.
Rye flour and corn meal
have ruled steady throughout.
To-day the market was firm
The flour
but
market has been variable and
quiet
peaceful aspect of the relations between Great
Britain and Russia checked the speculation in wheat, caused a
**
The
more
and, in conjunction with unfavorable
foreign advices, led to a material decline in values. On
Wednesday, however, the depression was checked. Adverse
heavy selling to realize,
reports of the condition of the winter-sown crop, and the
of severe wintry weather in the Northwest, threat¬
recurrence
ening 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 close was dull.
2 RED WINTER WHEAT. 5
Wed.
Thurs.
Tues.
Mon.
103%
100%
101%
Iu0%
99%
98%
100%
99%
101%
100%
100%
99%
102%
101%
101%
101%
102%
102%
103%
102%
104
103%
104
103% 104%
104% 105%
103%
104%
105%
106%
DAILY CLOSING PEICBS OF NO.
Sat.
103
102
103%
105
10 3
September delivery
•
October delivery
November
December
•
delivery
delivery
•
•
u
.
•
•
•
•
•
•
•
•
....
107%
....
•
•
•
•
.
.
.
#
102
10250
101%
105*8
106%
in Middle-Southern latitudes for the successful growth of the
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 excep¬
tionally scarce and wanted.
young
Mon.
58%
56%
57%
55%
55%
57%
55%
5 >%
57%
53
55%
56%
55%
50%
56%
„
-
-
August delivery
2 MIXED CORN.
Tues.
57
—
„
Wed.
57%
55%
55%
f.5%
—
Fri.
Thurs.
57
-
56
56
57%
56*8
56%
56
56 %
.
57
57
50*4
56%
57*8
Rye is 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 has
materially diminished, and there is a decided reduction in the
values quoted for the choice qualities of white oats.
To-day
the speculation was dull and the close easier at
for
May, 40)£c. for June and 40l£c. for July.
The following are the closing quotations :
FLOUR.
Fine
Nouth’n
extras.. $4 103 4 85
oakere’ and
family brands
5 00 ® 5 85
$ bbl. $2 70® 3 80
Superfine
Spiiug wheat extras.
3 40®
Minn, clear and stra’t.
3 4o®
4 25®
Winterslnpp’gextras.
3 80®
Winter XX. & XXX..
Patents.
4 50®
5 00®
City anippiugex
3 85®
4 00
4 40
5
4
6
6
5
com.
8outhern
25
Rye flour, superfine..
4 25a
4 60
40
Fine
Corn meal—
3 25®
3 7j
00
2 5
Western, &o
Brandywine, <feo....
10
3 20 9 3 40
3 40® 3 50
GRAIN.
Wheat-
Spring, per busb.
Red winter, No. 2
Red winter
White.
Corn—Wost. mixed
West. mix. No. 2.
West, white
White Sour,hern..
Yellow Southern.
Rye—Western
90 1»105
1 01 % ®1 03
ft 1 10
a
®
»
ft
59%
67
-a
80
ft
39
ft
White
No. 2 mixed
No. 2 white
Bariev—No. I Canada.
No. 2 Canada
41
q,
40% 9
45
ft
83
ft
76 ®
67 ®
State, six-rowed
70
61
22.284
Cleveland.
3t. Louis
prepared by
from the figures of the New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the compara¬
tive movement for the week ending May 2 and since Aug. 1
us
for each of the last three years:
603,104
7,850
83,471
30,984
6.299
16,045
2,420
21,233
;
1.000
40,379
1
21,700
10,150;
121,023
184 929
18,033
4 550
113,415
231,700
10,200
1,173.310
150,991
14,349
5,000
.
1
M
37,814
Tot. wk. ’85
240.3S0
710,590
Same wk. ’84
149 199
451.827
892.121
1,145,307
1,403,936
105,719
53,899
Same wk. ’83
157,390:
702,051
1,320.947
1,211,497
193,339
108,839
1884-5
7.995,145
73,205,234
99.405.943
15,834,805
7.193,102
90,469 971
61,371,923
46,280,097
1883-4
16,187 011
4,259,645
6,233,898
1882-3
7,536 SOD
00.308.770
72.767.309
49,95 4,455
40.206,773
14,478.407
3.808.706
Since
|
:
27,082
'
July 28
The comparative shipments of flour and grain from the same
ports from Dec. 22, 1884, to May 2, 1885, inclusive, for four
vears, show as follows:
Wheat!
8.669.026
12,545,034
9,631,311
6,703.273
30,113,631
14,653,618
33,777.920
14.576.922
26,971,915
2,363,853
4,205 073
1,067,545
1,848,204
14.431.333
2,3 >7,9-'7
703,579
Barley
Rye
Total grain
Below
1,758,561
Wheat..
Corn...,
Oats
1882.
Week
May 3.
May 5.
May 6.
174 897
124,945
65,640
213,177
1,016,664
1,091,695
541.952
107.674
39.565
33,211
194,639
1,366,515
1,041,059
113,627
124,314
115 880
65,090
24,183
2,172.332
2,340,154
2,404,300
1,032,503
612,663
661,171
47,749
.....
Barley
Rye
Total.....
weeks
46,631,742
and river
1883.
Week
1884.
Week
bash. 1,117,538
...
313,914
857,436
59.759.977
61,733,750
63,258.801
the rail shipments from Western lake
.....
.
10
....
are
1885.
Week
Ma y 2.
Flour....
2,521,617
3,321,983
3,505,007
33,592.105
bush.
Corn...
Oats
1881-2
1882-3.
1883-4.
1834-3.
4,588,463
bbls.
Fiour
360.923
shipments from same ports for last four
were:
Week
ending—
Wheat,
Flour,
bblt.
470
11,220
30,101
54,038
Philadelphia...
Baltimore
Newp’t News..
2,239,303
49.304
5.270.879 3,401,992
8,191,726 4,200.123
38,531
56.001
16,426
276.778 160,262
460,314 817,031
the
at the seaboard ports for
,
Oats,
bush.
busfi.
236,450
76,100
88,863
2,000
80,302
78,600
22,950
2 96,250
52.910
137,409
195,600
178,50 4
Barley,
bush
49,375
Rye
bush.
368
1,275
12,000
3,400
87,009
559
158,419
bush.
54,336
81,177
90,516
Com,
4,509
7,209
57,900
502
11,005
New Orleans...
47,749
bush.
bbls.
33,649
781,756
989,670
768,816
853,751
816,329
1,524.097
Wheatt
Flourt
113,648
Bye
bu8h.
bush.
691,145
The receipts of flour and gram
week ended May 2 follow:
At—
New York
Boston
Portland
Montreal
Barlty,
bush.
533,612
Apr. 11,’85 265,312
Oats,
Corn,
bush.
May 2,’85 262.089 1,117.538
836,460
Apr.25,’85 320,931
479,521
Apr.18,’85 321,821
699,217
Total week... 30 4,1.91
Oor. week ’84.. 229,390
823,640
93,930
26,315
655,938
846,493
5 43,698
—
62,350
86, LOO
445,775
4,668
44.S00
The total receipts at the same ports for the period from Dec
22, 1884, to May 2, 1885, compare as follows for four years:
bush. 11,312,533
Wheat
Corn
40,204,519
11,383,196
(Xlts
2,181,461
346,325
Barley
Rye...,,
Total gra n
...
65^431,037
exports from the
The
ending May 2. 1885 are
Exports
from
1*381-2.
3,943,113
1832-3
1833-4.
4,36 4,8 Jl
1884-5.
5,176,814
bbls.
Flour..
5,206,52 4
10,463,867
18,194,812
16,112 544
9,335.253
3 1,8 L3,Q 17
7,527,863
2.274,308
1,369,114
8.575,770
2,031,476
12, >53,2 26
8.15 >,317
2.130 016
3 ,0.068
500,32 5
32 521,990
53,033.132
39,735.021
several seaboard ports for the week
shown in the annexed statement:
Flour
Wheat.
Com.
Bush.
25G 809
Bush.
670,774
52,632
Oats.
Rye.
Peas.
Bush.
Bush
Bush.
|
—
New York
Boston...
Portland.
Montreal.
Philadel..
68,121
165,710
51,5 46
843
22,950
70
12,000
218,089
30,882
2,7o<>
88,863
24,090
269,269
165,136
Total w’k.
8’me time
437,793 1,393,900
884
Bbls
99,727
Baltim’re
N. Orl’us.
N. News.
39,623
s
K
23
505
,
1.087,572'
740,969
>,438
178,578
10,181
43,073
159,953
65,183
139,675
5,267
18
Wheal.
Flour.
Exports
for week
to —
1835.
1884.
Week,
Week,
May 2.
Bhts
Un.King.
Conti n’ut
8 AiC.Am
W. Indies
Brit, col’s
130,251
13,151
9 53 4
23.8 29
8.612
185 4 '0
1885.
May 2.
May 3.
We add the
Corn.
1384.
1885.
Week,
Week,
May 3.
May 2.
105,689
261,7 23
Bush.
Bush.
6 SO,4 24 1,24 2.024
2,251
20,05-'
173,0 15
407,148
Bash.
Bbls.
1884.
Week,
May 3.
Rush.
121.22 •
21.212
413,205
235,446
35,732
19.314
5,775
G, 423
12,615
60
163
437.74S 1.087.572 1.303,90 >
740 989
3
Otli.c’n’ts
Total...
3,145
10,13!
The destination of these exports is as below.
correspond"nsr period cf last vea«* for comparison:
The movement of breadstuffs to market is indicated in the
Statements below,
11,520
17,509
7,000
255,910
1,851
Peoria
721,171
100,301
Duluth
1
75
Oats—Mixed
State
®1 0 5
ft
60
....
Milwaukee..
Tot.,4w. 1173,203 3,0i7.131
speculation in Indian corn has continued to follow
pretty closely that in wheat, although not exposed to some of
its influences. It is too early to say that the crop for the cur¬
rent year is exposed to danger, although it has been too cold
Sat.
243,693
104,508
55,771
53,652
..
148,215
61,231
2,117
4,550
3,120
Chicago
Iw’ka’Sl.. 868.998 6,169,273
...»
The
DAILY CLOSING PRICES OF NO.
BbltAMlbf Bush.60 lbs Bush.50 lbs Bush.32 lbs Bush.4S lbh Bush.Wlbs
The rail and lake
Fri.
103 %
j
Rye.
Barley.
Oats.
Com.
Wheat.
Flour.
Receipts at—
BREADSTUFFS.
Friday, P. M., May
577
CHRONICLE.
THE
1885.]
3
*
i
1 59.9 5m
!•
^
j
THE
578
CHRONICLE.
By adding this week’s movement to our previous totals we
have the following statement of exports this season and last
following shows the course of the
Cloths.—The
Print
market
[Vol. XL.
during the week:
season:.
COTTON
1883-4.
1884-5.
1884-5.
1883-4.
Exports tint*
Aug. 25, to— Aug. 25 to Aug. 27 to Aug. 25 to Aug. 27 to
May 3.
May 2.
May 3.
May 2.
4,455.047
Un. Kingdom
Continent...
295.559
8. AC. Am...
514.898
West Indies.
Brit. Col’niea
590,330
392,259
52,433
Oth. ooontr’s
6,301,131
Total
3,524,783 20,018,927
264,746 17,039,062
480.960
48,433
1,000
586,649
146
898,062
23,071
23,481
5,278,681
87.128,639
Saturday,
Bush.
Bush.
18,867,956 20,059.564 19,188,092
9.935.838
6,075,040
12,133.790
957,929
1,305,230
1,223
293.591
292,431
37,385
116.560
8,010
08,183
78,109
110,935
17,507
31,070,911
37,392,714
27,694,350
The visible
supply of grain, comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, May 2, 1885, was as
at the
'ollows:
Wheat,
bush.
In store at—
New York
Do afloat (est.)
3,380.221
700
Buffalo
507,181
Do
afloat
....
Barley,
Rye
bush.
bush.
bush.
bush.
813,111
573,181
2 7,3 48
31,500
55,873
59,623
800
89.434
213,084
Albany
Chicago
Oats,
Com,
15,184,651
465,380
7,537
Newport News...
4,645,329
300,000
6,438,410
1,700.924
Milwaukee
Do afloat
Duluth
Toledo
Detroit
937.224
7<).OoO
47,170
75.S90
2b7,678
335,151
400
197,335
Philadelphia
835,415
1,999
467,1 7
43,208
29,809
2,395
35,100
.5 48,838
Peoria
Indianapolis
Kansas City
Baltimore
Down Mississippi.
On lake
On rail
Tot. May
2/85.
Tot. Apr. 25/85.
Tot. May
Tot. May
3/84.
5/83.
Tot. May 6/82.
14,253
2,885
50,076
4,000
55,330
Boston
Toronto
Montreal
31,811
*
10 4,008
18,337
20,590
71.371
4.423
12.465
154.830
......
2.000
4,132
40,06 4
232
18,549
•
•
-
9,664
500
26,700
22.733
6,146
132.039
1,034,707
331,653
7-*,4 3 2
3.983
123 585
731,310
600,879
4,801
401,839
8,"160
42,496
2,249
8,362,422 2.235.317
525,155
261.960
303,010
39,401.278
16.093
535,569 2 *7,004
21.199,290 12.128,123 3,675,659 732,293 1,4 68,7/(2
20,707,249 16,168,398 4,667,143 1,020,900 1,784,097
18,313,806 8,897,Oil 2,063,033 404,448 1,092,985
40,451,148
THE
DRY
9,121,508 2,395,6 49
GOODS
Wed’day.
Thursday
Friday....
Total..
40,966
59,139
35,026
117,763
7,015
Tuesday.
TRADE.
Friday, P. M., May 8, 1885.
June.
May.
j
j
j
j
j
j
Tone.
Price.
Tone.
Dull.
315
Quiet.
315
Dull.
3-15
Dull.
Dull.
Sales
Quiet.
3-15
Dull.
Price
Quiet.
3-15
Dull.
Price
Sales
Quiet.
Quiet.
3*15
....
....
....
....
Price
....
Sales
....
July.
Price
....
Sales
....
Price
Sales
Price
....
Price
Sales
....
Sales
....
Price
Price
Sales
....
Price
....
Price
....
....
Sales
....
Price
Sales
Price
....
....
Price
Sales
....
....
Sales
Sales
....
....
Prioe
Sales
Price
Sales
....
....
Price
Sales
Total.
....
••••at
....
....
....
•••••«
....
Sales
Sales
Price
Quiet.
..
....
....
•••••#
....
....
••••••
....
....
••••••
••••••
..
Transferable Notices—Saturday,
15,003
12,335
95,581
20,057
22,58.1
7,000
38,909
47,789
20.000
530.536
Cincinnati
541,824 *
2,154.889
2,568,459
94,448
1,359,766
Oswego
8t. Louis
31,000
42,850
Monday..
Futures.
Sp0t8.
EXCHANGE
Aug. 25 to Aug. 27 to
May 3.
May 2.
Bush.
Bitfh,
Bbls.
Bbls.
1883-4.
1884-5.
SALES or FUTURES.
MARKET.
Com.
Wheat.
Flour.
3*15; Monday, 3*15; Tuesday, 315; Wednes¬
345.
Domestic Woolen Goods.—There was a less active demand
day, 345: Thursday. 345; Friday,
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
home.
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
come.
Overcoatings were delivered in considerable quantities
on account of back orders, and a fair amount of new business
was reported in some quarters.
Satinets were in light demand,
and Kentucky jeans ruled quiet.
Gloakings have met with
for
attention from manufacturers and the trade, and there
rather more inquiry for stockinettes and* Jersey cloths,
more
was
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
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 was slow and disappointing. The jobbing
trade wras 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 unirn*
portant character.
were
The situation in the dry goods trade has not materially
changed during the past week. There was little if any improveImportations of Dry Goods.
ment in the demand at first hands, both personal selections and
The importations of dry goods at this port for the week
orders having been almost wholly of a hand-to-mouth char¬
ending May 7, 1885, and since January 1, and the same facta
acter.
The jobbing trade was spasmodic and irregular, owing for the corresponding periods are as follows:
partly to the unfavorable weather conditions, which tended to
restrict the demand for consumption, and rendered re-assort
ments on the part of retailers unnecessary. As a result of the
at
on for
ft
ft
cautious policy pursued by distributers for many months past,
H
t
h
e
ft
the leading commission houses and importers report collec¬
§
tions remarkably good, and this must be regarded as a very
ft
..
0
encouraging feature of the trade. Jobbers, also, report col¬
ft
w
w to
lections easy, save in some sections of the South, where retail¬
CO
Q
?r
M to CO
Total Ent’d
Total Ent’d
Flax Silk Cot n Wool
Flax Silk Cot n Wool
Flax Silk Cot n Wool
M
i
s
c
e
l
a
n
o
u
M
i
s
c
e
l
a
n
o
u
M
a
n
u
f
c
t
r
e
s
M
i
s
c
e
l
a
n
o
u
M
a
n
u
f
c
t
r
e
s
M
a
n
u
f
c
t
r
e
s
market. consimpt
port. forctsump.
Total
Total
of—
Total
of—
of—
1
M
KG
of the
somewhat backward in their settlements.
week
The event
an
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
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
3 3-10c. less 3^ per cent for 64x64s and 2%c. 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 fabrics, white
goods, scrim curtains and table
was
damasks.
©
r-
CO
© tO
03
auction sale of 250,000
dozen German
hosiery and glove3, 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
goods not strictly in accordance with the present requirements
of the trade sold very low.
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
was
-4
CP
<1 to qo on 03
cp © Oi od —<■
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£
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J.
*-
5,732
03 ‘-‘M to
o
1
250,628 138,05 1 2,573
10,695 42,583 102,931 34,275 103, 17 EFNTRD.OR 1,08 913 23,1 3
#*
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00
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WAREHOUS
267,5 1 139,45 138, 0
WITHDRAN
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47,965 37,2 581 0,24178 942, 91,304.295 2,6943512,083 ,26470 DURING 37,2 581 0,74813 1,2 83 1,43 74 2,8 596 2,051372 ,1580 THROWN 37,2 581 3,9584 5,1472 1,02784 ,589 7,5319
to
©
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May We k 3
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HHif*HM
w^ioo-ito
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?
r*si
pa
S
<1
M
if*
Since
H
Jan.
3
B
ft
ft
1,84.
■
1
4,617 3,530 1,037
1,425096 1, 9306 305,790
to to M to to
if* © M O' ©
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fcOW©*4©
j4-4©©<!
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235,0 129,37 105,913
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SAME 3,530 4,68
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